Jul 06 2010

"Catch of the day" today is a short play based on relative strength - LVS barely reaching high of the day while market made new highs. That was a clue for direction, finding the right entry was the last piece of the puzzle. Chart below shows it:

 


Session Time: Tue Jul 06 00:00:00 2010

[08:28] {Threei}  British Petroleum plc British Government is creating contingency plans in case BP fails -The Australian
[08:28] {Threei}  - Plans are coming from officials in the Department for Business and the Treasury.
[08:28] {Threei}  - The government is said to be assessing the impact and contingency plans both to vital energy infrastructure that BP provides to the UK and the large number of pensioners that rely on BP.
[08:28] {Threei}  - Plans to discuss with US officials during a trip to Washington DC on July 20th.
[08:28] {Threei}  **Reminder from June 29th: BP.UK: According to an internal investigation by the NY Fed, Wall St's exposure to BP is not as bad as some had feared - NY Post; The Fed was comfortable that banks will not have to alter their credit relations and exposures with BP
[08:28] {Threei}  British Petroleum plc U.S. Federal government leaves $980M BP fuel contracts intact - Washington Post
[08:28] {Threei}  - DoD continues to purchase aviation fuel and other petrol products from BP despite potential federal and state violations pending over Gulf of Mexico disaster.
[08:28] {Threei}  British Petroleum plc Former Russia nuclear power minister Viktor Mikhailov expressed support for the "nuclear option" in containing BP leak in the Gulf - Moscow Times
[08:28] {Threei}  - Says BP is otherwise "wasting time...only about 10 kilotons capacity" required to solve the problem.
[08:28] {Threei}  - Says an underwater nuclear explosion in the Gulf of Mexico would not be harmful and cost no more than $10M.
[08:32] {Les} Well what are we waiting for! Let's nuke the Gulf
[08:32] {Les} Just remember to throw Nemo down there while they're at it
[08:32] {Threei}  that's when they usually have trouble finding nemo
[08:33] {Les} afternoon. how was the weekend barbie?
[08:33] {Threei}  let me show...
[08:33] {hawk} new nickname Vad?  Barbie?
[08:33] {Threei}  ummmm
[08:33] {hawk} :)
06[08:34] * nemo slaps hawk around a bit with a large lead pipe
[08:34] {hawk} lol
[08:34] {Les} get a bit of Oz about ya Hawk
[08:35] {nemo} Les...you have the same affinity for sheep as your kiwi neighbors?
[08:35] {Les} was funny though
[08:35] {Les} Nemo not so funny
[08:36] {Les} nah we chase crocodiles for a good time Nemo
[08:36] {hawk} U in Australia Les?
[08:37] {Les} Switzerland
[08:37] {Threei}  http://realitytrader.com/vad/s/
[08:37] {hawk} cool
[08:38] {Les} I don't get to see one ugly mug in those photos! who was there?
[08:39] {Les} BBQ with vodka. doesn't get any more russian than that imo
[08:39] {Threei}  not just bbq... shishkevav
[08:39] {Threei}  kebab
[08:40] {Les} sounds like jewish word for barbeque
[08:40] {hawk} 7:30 in the morning on Monday and there goes my diet
[08:40] {Threei}  sorry
[08:41] {Threei}  but it's Tue, so it's OK
[08:41] {hawk} lol, a few brain cells short after the weekend
[08:41] {Threei}  I would be too... but that bottle kills more than a few
[08:57] {dino} gm all
[08:57] {Threei}  dino :)
[08:58] {dptl} good morning
[08:58] {Threei}  dp, alive?
[08:59] {dptl} lol.....yeap
[08:59] {Threei}  http://realitytrader.com/vad/s/
[09:01] {dptl} ye....it was soo gooood.......as always :) ty
[09:11] {bellowsbunch} gm
[09:11] {Threei}  bellows :)
[09:13] {Threei}  this is ironic:
[09:13] {Threei}  EU giving Bulgaria until 2011 to curtail deficit; to bring deficit under 3% by 2011 at the latest
[09:13] {Threei}  {Bulgaria} you... you... jeez... OK, whatever
[09:15] {Threei}  so, what happened over the weekend from market point of view that it wakes up so happy?
[09:16] {nemo} oversold bounce
[09:16] {Threei}  looking how hard and fast we sold off, caould be
[09:17] {Threei}  if that's all, then 105 SPY should provide resistance for the bounce
[09:21] {lasertrev} good morning
[09:21] {Threei}  trev :)
[09:24] {Threei}  BP, trying to determine whether this retreat from .25 is descending ttriangle of bull flag
[09:25] {jfjf64} mornin
[09:25] {Threei}  jf :)
[09:25] {Threei}  hmmm... other participant of Sat party are still asleep or what
[09:26] {Threei}  participants
[09:26] {Threei}  jf, this is what you missed:
[09:26] {Threei}  http://realitytrader.com/vad/s/
[09:27] {jfjf64} nice nice
[09:27] {Les} was almost about to object being located in file directory:
[09:27] {Les} http://realitytrader.com/vad/LES.JPG
[09:28] {jfjf64} next time im coming
[09:28] {jfjf64} you  pay  for  plane  tixx
[09:28] {Threei}  well, as a consolation:
[09:28] {Threei}  http://photography.realitytrader.com/2010/07/flowers-with-difference.html
[09:29] {larisa} gm :)
[09:29] {Threei}  larisa :)
[09:29] {Les} There's enough bacon on those kebabs to kill a horse
[09:30] {jfjf64} looks great
[09:30] {Les} or a team of traders
[09:30] {Threei}  LVS and BP sharp pullbacks
[09:31] {Threei}  short lived, LVS... no setup
[09:32] {Threei} Short Setup: BP  .95 break
[09:33] {Threei}  stop for scalpers above 31, day traders 31.05
[09:33] {Threei}  scalpers 1:1
[09:34] {Threei}  day traders 1;1
[09:34] {Threei}  looks getting ready for bounce
[09:34] {Threei}  no long entry yet, but cover in full
[09:34] {Threei}  no partialing
[09:35] {Les} .76 is pivot support
[09:35] {Threei}  ese's alive
[09:35] {ese} ahhh HA!   made it....good morning
[09:36] {Threei}  hi :)
[09:36] {Threei} Long Setup:  BP  .80
[09:36] {nemo} oops
[09:36] {Threei}  too fast eh
[09:36] {dino} qcom hl l ,.85
[09:36] {Threei}  see if pulls back for second chance
[09:36] {ese} stupid computor wouldn't turn on
[09:36] {Threei}  told ya don't pour vodka in it
[09:37] {ese} I thought you said ?????????
[09:37] {Threei} Short Setup: CAT  .75 break half lot
[09:37] {dino} have to take it to dinner first
[09:37] {Threei}  if stays under .85
[09:38] {Threei}  lol dino
[09:38] {Threei}  CAT invalidated as this particular entry but shortidea is still there
[09:38] {Threei}  BP, nice bounce...
[09:38] {Threei}  ugh
[09:38] {Les} lvs pullback
[09:39] {Threei}  CAT, .85 break
[09:39] {Threei}  .95 stop
[09:39] {Threei}  half lot
[09:40] {Threei}  1:1
[09:40] {Les} done ty
[09:40] {Threei}  BP, let's see if we get double bottom
[09:40] {Threei}  around .80
[09:41] {Threei}  covered half CAT
[09:41] {Threei}  stop to b/e for second half
[09:41] {Threei}  want it around .60 for full cover
[09:41] {Threei}  maybe lower, will see
[09:41] {Threei}  not bidding in advance
[09:43] {nemo} cat might be a double top
[09:43] {ese} L nvda..31
[09:44] {Threei}  stopped breakeven second half
[09:44] {Threei}  BP gets away on a long side second time
[09:45] {Threei}  US) Preview: June ISM Non-Manufacturing Composite Index due out at 10:00ET
[09:45] {Threei}  **Consensus expectation: 55.0e v 55.4 prior
[09:45] {Threei}  - Estimates range between 52-56.6
[09:45] {dino} ctrp
[09:45] {Les} CAT for a 2nd scalp 100 remaining
[09:46] {jfjf64} sndk  vad
[09:46] {jfjf64} any  read
[09:47] {Threei}  pullback to about .60 - .65 would be interesting for long
[09:47] {dino} sm l ctrp .40
[09:48] {jfjf64} gld  gettin  crushed
[09:48] {dino} stopped ctrp -.33
[09:48] {Les} slamming the $POG again
[09:48] {Threei}  as it well should
[09:48] {Threei}  I mean, who needs that barbaric relic
[09:49] {Threei} Long Setup:  LULU  .50 smaller shares
[09:49] {ese} out nvda 1/2 .40 remaining to break even
[09:49] {ese} +.09
[09:49] {Threei}  see, vodka's good for you
[09:49] {Threei}  kills brain cells
[09:49] {Threei}  and we xdo know those are not needed in trading
[09:50] {Les} hahaha no thinking required
[09:50] {ese} does it ever
[09:50] {dino} ctrp sm l .01
[09:50] {Threei}  stop under .30 - .35 zone, LULU
[09:50] {ese} although that was very good tasting vodka .....from someone who is definately not an expert
[09:52] {ese} out remaining nvda .48 +.17
[09:52] {Threei}  LULU 1:1
[09:52] {ese} it's a very good day
[09:52] {Threei}  wtg ese
[09:52] {Threei}  dp, next time we will get him dead drunk and he will make millions in a week
[09:53] {Threei}  share with us and we all retire
[09:53] {dptl} lol
[09:54] {ese} will do........
[09:55] {ese} just to let the board know.......the shiskabob was spectacular........had the aroma and taste in my mout from last year and it was reconfirmed again this year........fabulous
[09:55] {ese} mouth
[09:56] {dino} out ctrp .you guys making me hungry
[09:56] {Les} you're supposed to eat it ese, not carry it around in your pocket for a year
[09:56] {dino} ctrp flat
[09:56] {ese} lol
[09:57] {ese} vad might be a great trader but he is a genius when it comes to shiskabob
[09:57] {Threei}  ty
06[09:57] * Threei is blushing
[09:58] {hawk} c'mon vad, the master shishkabob plan?
[09:58] {Threei}  btw, wasp nest is eliminated
[09:58] {Threei}  rofl hawk
[09:58] {ese} what can i say.....it's the only reason i'm on the board and in the room....for the once a year shskabob party
[09:59] {Les} wow ctrp. nearly gave myself a heart attack
06[09:59] * nemo hoping
[09:59] {Threei}  lol
[09:59] {Les} .00 to .25 in a heartbeat. better than sex
[09:59] {Les} thanks Nemo
[09:59] {ese} saived the other 1/2 of your house from being eaten by wasps......thats a good thing
[09:59] {nemo} real minuteman, huh Les...your wife must be pleased
[09:59] {Les} rofl
[10:00] {Threei}  yes... now find the solutin to that berm problem, and I am golden
[10:00] {Threei}  US) JUNE ISM NON-MANUFACTURING: 53.8 V 55.0E
[10:00] {dino} scanners all red
[10:00] {Threei}  bad ISM numbers
[10:00] {dino} ok
[10:00] {ese} stupid number!!!!
[10:01] {Threei}  Prices Paid: 53.8 v 60.6 prior
[10:01] {Threei}  - New Orders: 54.4 v 57.1 prior
[10:01] {Threei}  - Employment: 49.7 v 50.4 prior
[10:01] {Threei}  - Inventories: 58.5 v 62.5 prior
[10:01] {ese} get in the way of a good trading plan
[10:01] {dino} ctrp sm l .10
[10:01] {nemo} dino, if ctrp doesn't hold the lows, probably goes to 50
[10:01] {nemo} 32.50
[10:01] {ese} ahhhhhh hell......markets oversold anyway......it'll keep going up
[10:02] {dino} see it ty
[10:03] {dino} good call nemo
[10:03] {Les} that's impressive selling on ctrp. what news?
[10:03] {nemo} not as dumb as I look
[10:03] {dino} none
[10:03] {ese} L fitb .10
[10:03] {nemo} jeez, bounced right at .50
[10:03] {Les} I remember airlines dissing sale percentages to the group
[10:04] {Threei}  EUR/USD Euro moves above Friday's intra-session high of 1.2610; elects buy-stops orders
[10:04] {dino} out qcom .09, +.24
[10:04] {Threei}  SNDK starts looking like short to me
[10:04] {Threei}  doesn't maake new highs as market does
[10:05] {ese} stop .02
[10:05] {Threei}  no setup yet but watching for one
[10:05] {dino} pot, mos not really participating
[10:06] {ese} fitb looking the same right now.....not participating
[10:06] {nemo} might be getting inverse H&S on CTRP
[10:07] {Threei} Short Setup: SNDK  .80 break
[10:07] {Threei}  invalidated
[10:08] {dino} s/p 1040
[10:08] {Threei} Short Setup: LVS  .40 break
[10:08] {Threei}  if stays below .45
[10:09] {ese} stop to break even fitb
[10:09] {ese} gitt!!!!!!
[10:11] {ese} out .15
[10:11] {ese} +.05
[10:11] {ese} ahhhhh you turd.......right as i sell
[10:11] {ese} it shoots up
[10:12] {nemo} lvs lower high so far
[10:12] {Threei} Short Setup: LVS  .50 break
[10:13] {Threei}  just trying to recalibrate it while it stays within day's range depsite market making new highs
[10:13] {Threei}  but still requires marjket to reverse to make a short work
[10:13] {Threei}  same with SNDK
[10:14] {Threei}  but can't find an entry there
[10:16] {Threei}  LVS, not a scap for me if works
[10:17] {Threei}  aiming for half near .40, then will see, depoending on market behavior
[10:17] {nemo} stop high of the day?
[10:17] {Threei}  .60 resistance
[10:18] {Threei}  1:1, half out
[10:19] {Threei}  stop to .52
[10:22] {Threei}  bidding 1/4 more .32
[10:22] {jfjf64} hig 5 min
[10:22] {jfjf64} holding  nice
[10:22] {Threei}  hit
[10:22] {Threei}  last part, aiming for .25
[10:22] {Threei}  stop to .45
[10:22] {Threei}  no lose territory
[10:23] {nemo} lvs at the open
[10:24] {Threei}  out last piece
[10:25] {jfjf64} nicely done
[10:25] {Threei}  ty
[10:25] {jfjf64} realy likin  hig  5  min
[10:26] {jfjf64} no  more
[10:28] {ese} vad...does intelliscan have an ADX type of scan for strength of trend.....
[10:31] {Threei}  it has crosses of 200 and 50 MAs,
[10:31] {Threei}  crosses of VWAP
[10:31] {Threei}  VWAP divergence
[10:32] {Threei}  Fibonaccis
[10:32] {Les} lvs lower highs. we kit it again?
[10:32] {Les} hit
[10:32] {ese} ya have seen them.....how does the vwap cross work
[10:32] {Threei}  no setup yet Les
[10:32] {Les} k
[10:33] {Threei}  recently added 5 and 8 MAs crosses
[10:33] {Threei}  and various 20 MA crosses
[10:33] {Threei}  MACD crosses, recently added
[10:34] {Threei}  stochastic crosses
[10:34] {ese} hmmmmm maybe the 5/8 might work
[10:34] {Threei}  and even a few candlestick formations
[10:34] {Threei}  no ADX, sorry :)
[10:34] {Threei}  had to scroll through all of them, new ones are being added
[10:38] {ese} tks
[10:42] {nemo} fcx short or long here
[10:43] {nemo} .90 break short 61 break long
[10:43] {nemo} or are we about to get the algo whipsaw
[10:43] {jfjf64} hut hut   HIKE
06[10:43] * nemo slaps jfjf64 around a bit with a large tackling dummy
[10:44] {jfjf64} PUT  ME  IN  COACH  IM  READY  TO  PLAY
[10:44] {nemo} o.k. Rudy
[10:44] {jfjf64} nemo  being   nemo
[10:44] {jfjf64} luv it
[10:45] {nemo} yeah...sorry, my sybil days are over....for now
[10:45] {jfjf64} hpoe  ya  short
[10:45] {nemo} yeah, not very tall
06[10:46] * nemo slaps magoo around a bit with a large trout
[10:46] {magoo} hello mates
[10:46] {Threei}  hey mags
[10:47] {jfjf64} lvs   D/Bvad
[10:47] {Threei}  I doubt it
[10:50] {Threei}  let's pause and evaluate things here
[10:50] {Threei}  we are at 100% so far, but market lost drive
[10:51] {Threei}  don't want to commit while no clear signals givenm
[10:51] {nemo} bound to be low volumes today, so whipsaws are more likely
[10:51] {jfjf64} nemo  let  the   man  speak
[10:52] {Threei}  I've spoken
06[10:52] * nemo slaps nemo around a bit with a large bottle of sleeping tablets
[10:52] {Threei}  spake?
[10:52] {nemo} Thus sprach Darth Vadym
[10:53] {jfjf64} sorry  nemo
[10:53] {Les} don't be sorry jf
[10:53] {nemo} don't worry, you're only on the list in pencil...so far
[10:53] {Les} you'll only encourage him
[10:53] {nemo} rimm at 200 ma
[10:54] {jfjf64} .80 short
[10:54] {dino} sm l ctrp .80
[10:54] {jfjf64} .85 long
[10:54] {nemo} yeah, to play the bounce, resistance at 49
[10:55] {ese} "also spake zarathustra" ?
[10:56] {nemo} sprach
[10:57] {nemo} and there's the shakout on rimm
[10:59] {Threei}  Texas teens bite to show affection
[10:59] {Threei}  do we grow tails next?
[11:01] {dino} ctrp stopped -.33
[11:02] {Threei}  F EU Commission clears China's Geely to acquire Volvo
[11:02] {nemo} mmmhhh...spy forming bull flag?
[11:03] {nemo} wonder if ctrp finds a bottom
[11:03] {dino} 30s?
[11:03] {dino} crazy
[11:04] {nemo} yeah, 30 next level
[11:04] {dino} 3 airlines cit commissions all i see
[11:04] {dino} cit=cut
[11:05] {dino} ma neg.
[11:05] {dino} pot flat
[11:05] {Threei}  APC Halted; Circuit breaker (39.14, +1.07, 2.81%)
[11:06] {Threei}  what the
[11:06] {Threei}  they are going to halt stock left and right now
[11:06] {Threei}  US Postal Service confirms increase of 8% on periodicals; approx 5% increase on catalogs
[11:06] {nemo} I thought it had to be 10% in less than 5 minutes
[11:08] {strider} Can they halt it on the ECNs?
[11:09] {Threei}  sure
[11:10] {dino} ctrp sm l .01
[11:17] {jfjf64} gld
[11:17] {jfjf64} c/h
[11:18] {magoo} see, now this halt bullsh#t will kill us too,
[11:18] {magoo} another uncontrollable event
[11:18] {nemo} might see rimm bounce here
[11:20] {dino} s qcom hl .99
[11:28] {Les} covered lvs +.15 aaaaawww maaaaaan
[11:28] {Les} at .15
[11:29] {Les} didn't call it cause its been giving me the willy, holding up so well
[11:30] {Les} frikin troublemaker...
[11:39] {nemo} apc froze because somebody bought 20 shares at $100k
[11:40] {strider} Why can't I find buyers like that?
[11:41] {Threei} Short Setup: BP  .50 break
[11:43] {Threei}  stop above day high
[11:49] {Threei}  no go BP
[11:49] {Threei}  first stop
[11:54] {nemo} dino, you ever learn "Mood for a Day" on acoustic?
[11:55] {nemo} spy on thee 200 ma, where it bounced last time
[11:55] {nemo} 1 min chart
[11:55] {nemo} and we get a little bounce
[11:57] {dino} no
[11:57] {nemo} a bit harder than I thought :)
[11:58] {dino} ma sm l .48
[11:58] {nemo} bp rinse
[12:01] {Threei}  yeah
[12:01] {Threei}  clear signal of whipsaw starting
[12:01] {nemo} lunchtime now
[12:02] {strider} ummm...salami & swiss.
[12:03] {nemo} O.K.  Who knows this quote:
[12:03] {nemo} Here's the pizza....and here's the pepperoni!"
[12:03] {Les} you mean Emmental strider
[12:03] {Les} http://en.wikipedia.org/wiki/Emmental_(cheese)
[12:05] {nemo} from the Emmen valley
06[12:05] * strider slaps Les around a bit with a large Limburger
06[12:05] * nemo slaps Les around a bit with a large Alpenhorn
[12:08] {dino} qcom cov -.11
[12:19] {Threei}  BP rinsed by 1 frikin cent
[12:19] {Threei}  can you believe?
[12:20] {Threei}  here comes injection of idiocy:
[12:20] {Threei}  (US) EPA to confirm new proposal on emissions reductions targets on power plants
[12:20] {Threei}  - Plans aim to cut smog emissions by approx 70% from 2005 levels; and begin in 2012
[12:46] {Threei}  22, is serious resistance now on LVS
[12:46] {Threei}  let's see if we can find short entry into bounce
[12:47] {nemo} fcx break .85?
[12:49] {nemo} not holding support
[12:49] {Threei}  yeah
[12:49] {Threei}  I don't see longs as way to go here
[12:49] {Threei}  the question in my mind is, short breakdown or wait for bounce
[12:50] {nemo} look at spy on 5 minute...200 ma around 102.90
[12:51] {Les} s BP .29 small stop above .50 just cleared last MA support. looking for solid drop unless market changes
[12:51] {hawk} the question in my mind is, do i want a cherry, or banana slurpee. brb
[12:52] {Les} hmmm sounds good
[12:52] {nemo} spy right on pivot support now
[12:53] {strider} gs SHORT .99
[12:54] {strider} stop .20
[12:57] {strider} cover .72
[12:57] {nemo} nice...I think spy bouncs between here and .90
[12:59] {strider} Gotta go , folks.   See you tomorrow.
[13:00] {nemo} take it easy
[13:00] {Threei}  take care strider, nice trade
[13:00] {Les} ciao st
[13:00] {strider} :)
[13:00] {Les} lvs returning to 22. short the bounce?
[13:01] {Threei}  don't know yet
[13:01] {Threei}  watching
[13:01] {Threei}  22 now would actually signify trend change
[13:04] {Les} hmm is 103 holding...
[13:04] {nemo} yes
[13:06] {ese} .
[13:07] {ese} ese is not away....he's booking festivals
[13:07] {Les} why aren't you here at Montreux Jazz ese?
[13:12] {ese} I played the Montreux festival with the Univ of Regina Big Band in 1978 and 1981.   Thats when it was at the casino downtown....now it's it's at the new Miles Davis Center it think
[13:16] {Les} well I was 4 and 7 at that time, so a bit young to appreciate your music
[13:17] {Les} any thoughts about organising a band trip here?
[13:17] {nemo} when you move back to Oz maybe
[13:18] {Les} you're a nasty piece of work
[13:19] {nemo} well...
[13:19] {nemo} when you stick your chin out like that
[13:19] {Les} fair enough
[13:19] {nemo} that's alright...I tell people I want to have kids some day, they start writing me checks as bribes so I won't breed...
[13:20] {Les} ah I was thinking of an 'accident' with the M4 when you invite me round to some hunting
[13:20] {nemo} you can't hunt with an m4
[13:20] {nemo} well, coyote maybe with a small magazine
[13:22] {Les} well...
[13:22] {Les} I could hunt you with an M4
[13:22] {Les} :P
[13:22] {Les} is that crossing the line Vad?
[13:23] {Les} Tiger Woods has compared his recent marital difficulties to the death of his father four years ago
[13:23] {Threei}  as long as no one outlines the reasons for unpleasantries so it can't be classified as hate crime...
[13:23] {Les} u have laws against that?
[13:24] {Les} I can't hate nemo?
[13:24] {Les} :(
[13:24] {Threei}  nope
[13:24] {Threei}  you are obliged to like him by law
[13:24] {Les} lol
[13:24] {Threei}  good news though is,
[13:24] {Threei}  so is he
[13:24] {nemo} Oh....
[13:24] {Les} I compare my feelings towards Nemo to the eventual death of my mother
[13:25] {Threei}  see? :)
[13:25] {nemo} I love Les to DEATH
[13:25] {Threei}  he meant to say till death do you part
[13:25] {Les} love these personalities that can cop out bad behaviour with family issues
[13:25] {nemo} she make you wear girls clothes when you were young...with a name like Leslie...
[13:26] {Threei}  just find pleasure in the fact that the ther must like you under existing law, imagine all the suffering it delivers to him
[13:29] {Threei}  feels like trend is about to change
[13:30] {Threei} Long Setup:  BP  .35 break
[13:30] {Threei}  if syasy above .30
[13:30] {Threei} Long Setup:  LVS  .80 break
[13:32] {Threei}  let's modify LVS
[13:33] {Threei}  long here
[13:33] {Threei}  stop .65
[13:33] {dino} whr hl l .25
[13:34] {dino} clf sm l .75
[13:34] {Threei}  offer half LVS .82 or so
[13:39] {Threei}  BP, 1 cent till 1:1...
[13:40] {Threei}  same LVS
[13:40] {Threei}  shrug
[13:40] {nemo} I scalped it at .40
[13:40] {Threei}  good idea
[13:41] {dino} clf stopped
[13:41] {nemo} spy right on 200
[13:42] {dino} wants to fill the gap open
[13:42] {nemo} volume spike LVS
[13:42] {nemo} yeah dino
[13:42] {dino} same market as monday, june 21
[13:43] {dino} out ctrp .66, +.65
[13:43] {nemo} lvs at yesterday close
[13:43] {Les} nice one
[13:43] {dino} took long time
[13:54] {dino} ndx filled
[14:04] {dino} clf hl l .06
[14:09] {dino} all filled
[14:12] {patience} .
[14:18] {Threei}  DoJ Files Suit Agaisnt Arizona Over Immigration Law
[14:20] {dino} ctrp hl l .26
[14:30] {nemo} c yuz 2 morow....
[14:31] {Threei}  let's assume it's an inverse head and shoulders on SPY
[14:31] {Threei}  then LVS pullback to about .45 should ebe long
[14:39] {ese} gotta go all....errands to do and all thaaaaaa......cya
[14:39] {dino} cya
[14:39] {ese} later dino
[14:59] {dino} ctrp to .86
[14:59] {dino} out +.60
[14:59] {Threei}  missed wisdom from high above:
[14:59] {Threei}  (US) Economist Paul Krugman: US needs to use "every means possible" to increase employment and GDP
[15:00] {dino} shocking
[15:00] {Threei}  care to say how? or nobel prize winners do not lower themselves to such earthly matters?
[15:01] {Threei}  ah, here goes
[15:01] {Threei}  - Calls on Federal Reserve to do more quantitative easing.
[15:01] {Threei}  - Fed needs a 3-4% inflation target over the long term.
[15:01] {Threei}  and stimulus, more stimulus, right Paul?
[15:01] {dino} tsla under ipo price
[15:01] {dino} brb
[15:05] {dino} bets, close red for 11 of last 12 days
[15:06] {Threei}  red today too
[15:09] {Les} I'm back. red close, or DB?
[15:10] {Threei}  things are so slow, impossible to tell... but my bet is red
[15:11] {larisa} no, not red :)
[15:12] {Threei}  hmmm... than what??
[15:12] {Threei}  then
[15:12] {larisa} magenta
[15:12] {Threei}  oh...
[15:12] {Threei}  opening can of worms, I am afraid... next suggestion will be cyan
[15:12] {dptl} have good evening all
[15:12] {Threei}  take care dp
[15:13] {dino} cya dp
[15:20] {Threei}  wow TSLA
[15:20] {Threei}  though of .50 short but happened too fast
[15:20] {Threei}  and way too thin anyway
[15:21] {Threei}  ED Alerts all NYC customers to urgently conserve power
[15:22] {Threei}  Requests conservation of electricity by turning off equipment not being used, keeping air conditioners at 78-degrees, and running washers, dryers and dishwashers at night.
[15:24] {Threei}  - Commercial power customers have already been messaged to reduce non-essential power use about 2 hours ago.
[15:25] {Les} things warming up your way Nemo?
[15:28] {dino} 100 degrees here
[15:36] {Threei}  Apple Inc Confims removal of some apps from the online store due to fraudulent activities
[15:36] {Threei}  - Note: There were reports circulating that some accounts had been spammed and some customers may have been billed for fake purchases
[15:44] {larisa} getting magenter and magenter
[15:44] {Threei}  with shade of cyan
[15:49] {Threei}  TSLA lost 16
[15:55] {Threei}  challeging second half of the day, demanded a lot of patience
[15:55] {Threei}  okay guys, thank you all
[15:56] {Threei}  have a good evening, see you tomorrow
[15:56] {larisa} bye :)
[15:56] {Threei}  cyan takes scene again larisa
[15:56] {Threei}  meganta fades
[15:56] {larisa} we are positive and you said red, so be quiet :)
[15:56] {Threei}  yes dear
[15:56] {larisa} :)
[15:57] {Threei}  {-- smartens up and shuts down
[15:57] {Threei}  but hey... COMP is red
[15:57] {Threei}  -2.53
[16:00] {Les} nighty night

Jul 02 2010

Not very active but profitable day, with CAT being our most profitable trader while our traditional "victim" LVS was less readable than usually. All trades were pretty much run-of-the-mill stuff, nothing interesting in educational sense.

Session Time: Fri Jul 02 00:00:00 2010

[08:01] {hawk} good morning
[08:13] {Threei}  good morning
[08:13] {nemo} ;)
[08:13] {hawk} RIG news?
[08:15] {Threei}  don't see anything after that threatening one from June 30, about investigation into tax implications of their office relocatinf to Switzerland
[08:16] {Threei}  (EU) ECB's Stark: The EU's institutional fiscal policy framework failed, need independent body to oversee budget policies
[08:16] {Threei}  - EU could cut access to structural funds for budget infringements.
[08:16] {Threei}  - Different rules are needed for more vulnerable member states and better policy coordination
[08:16] {Threei}  - Reiterates view that high indebtedness not only a Euro area problem
[08:16] {Threei}  - Reiterates view that there is "no crisi of the Euro'
[08:17] {Threei}  EU) ECB's Gonzales-Paramo: Not concerned about the failure to sterilize bond purchases
[08:17] {Threei}  - This development is not surprising given liquidity conditions.
[08:17] {Threei}  - Positive that stress tests cover more than 25 European banks to test for sovereign risk
[08:17] {Threei}  - Test results should be given for each bank
[08:17] {Threei}  - Sovereign default is a 'absurd scenario'
[08:17] {Threei}  - Reiterates view that Euro Zone canot allow a member country to default
[08:17] {Threei}  ***Reminder: On Jun 29th the ECB drained 31.9B in 1-week deposits v 55B intended; avg weighted yield at 0.54%
[08:17] {Threei}  I reiterate:
[08:17] {Threei}  Sovereign default is a 'absurd scenario'
[08:18] {Threei}  Reiterates view that Euro Zone canot allow a member country to default
[08:18] {Threei}  can you say fried?
[08:18] {hawk} thx.  been putting off re-subscribing to a news service, but i feel a bit lost without it
[08:19] {Threei}  a lot of data is coming at 8:30
[08:19] {hawk} how much is trade the news / month?
[08:20] {Threei}  I am lost even without it...
[08:20] {Threei}  I mean with it
[08:20] {hawk} lol
[08:20] {Threei}  it's just my normal state I guess, so I am fine with it
[08:20] {nemo} I think Les is rubbing off on you Vad
[08:20] {Les} eschew control nemo
[08:20] {Threei}  there are two versions of it, voice+text and text only, diff cost
[08:21] {Threei}  make sure that you use that icon at the bottom of our webpage, it gives discount
[08:21] {Threei}  no nemo, not really, I was always good at getting lost
[08:21] {hawk} cool, i will
[08:28] {Threei}  EUR/USD FX chatter that 'whisper' headline Non-Farm payroll around -90K v -110Ke
[08:28] {Threei}  BLTXX Baltic Dry Bulk Index declines apprx 3% (26th straight decline)
[08:28] {Threei}  - Longest decline since Aug 2005
[08:30] {nemo} must have been good
[08:30] {Threei}  *(US) JUN AVERAGE HOURLY EARNINGS M/M: -0.1% V 0.1%E; AVERAGE WEEKLY HOURS: 34.1 V 34.2E
[08:30] {Threei}  *(US) JUN CHANGE IN NONFARM PAYROLLS: -125K V -130KE; CHANGE IN PRIVATE PAYROLLS: 83K V 110KE
[08:30] {Threei}  *(US) JUN UNEMPLOYMENT RATE: 9.5% V 9.8%E
[08:31] {nemo} not really good...but basically baked in
[08:35] {nemo} fas liking the numbers, market not so much
[08:35] {Threei}  FX chatter was wrong
[08:35] {Threei}  (again
[08:35] {Threei}  what idiot comes up with this stuff...
[08:36] {nemo} mmhhhh...market coughing up a furball
[08:36] {nemo} wtf
[08:38] {Threei}  btw, Les,
[08:38] {Threei}  I had a thought after our yesterday exchange on your entries
[08:38] {Threei}  (and yes, the process of thinking hurt badly)
[08:39] {Threei}  you were hesitant to "chase" entry by voluntary increase of limit by couple cents,
[08:39] {Threei}  but then frustration of missing entry led you to much bigger chasing, enetring good 10 cents or so higher
[08:40] {Threei}  which didn't just scew r/r but almost placed you on the opposite side
[08:40] {Threei}  skew
[09:04] {Les} hi vad, yes I believe the chasing issue will go away with profitable trades made
[09:05] {Threei}  I'd think it's other way around
[09:05] {Threei}  profitable trades will come with chasing going away
[09:05] {strider} no laser charts here.
[09:05] {Les} yeh but frustration has been building as I miss your good stuff and then I create for myself bad setups
[09:07] {Threei}  charts OK
[09:07] {Les} if i remember you correctly, you put your limit price .05 above entry and leave it like that
[09:07] {Les} simply buying and selling with the same limit price
[09:07] {Threei}  depends
[09:08] {Threei}  it's not universal number
[09:08] {dptl} good morning
[09:08] {Threei}  dp :)
[09:08] {Threei}  if I deal with thick stock with no slippage, 1 cents is usualy enough
[09:08] {Threei}  thin volatile one, more room is needed,
[09:09] {Les} lvs yesterday
[09:09] {Threei}  and kind of trade I go for matters
[09:09] {Les} how much room did you give it?
[09:09] {Threei}  no may I'd go for 5 cents offset if I do a scalp type I
[09:09] {Threei}  LVS is normally 2-3 cents,
[09:09] {Les} ok
[09:09] {Threei}  and if I do scalp only, it's 1-2,
[09:10] {dptl} no charts laser?
[09:10] {Threei}  if it gets away, it returns for secondary entry more often than not
[09:10] {Les} charts ok here dp
[09:10] {Threei}  5th server here, fine
[09:10] {Threei}  chart server that is
[09:10] {dptl} hmm...not here
[09:11] {strider} where are you, dp?
[09:11] {Threei}  switch both, quote and chart servers
[09:11] {dptl} vancouver
[09:11] {Les} well there's your problem
[09:11] {strider} hmm.....I'm on east coast....that's not the problem.
[09:11] {Les} frikin canadian
[09:11] {nemo} I can't believe Switzerland let you in
[09:11] {Les} provisional
[09:11] {Les} on good behaviour
[09:12] {strider} He's under house arrest.   They won't let him out.
[09:12] {strider} switching servers didn't work for me, vad.  Or changing symbs.
[09:12] {strider} trying a reboot.
[09:13] {dptl} same here
[09:13] {Threei}  strange
[09:13] {Threei}  maybe some of accounts are affected
[09:14] {dptl} works..on restart
[09:14] {strider} reboot fixed it...or at least coincided with reboot.
[09:15] {dino} gm all
[09:15] {Threei}  dino :)
[09:15] {strider} morning dino.
[09:19] {dino} :D
[09:19] {Les} thinking bounce day dino. you got some stocks lined up?
[09:20] {dino} yes
[09:20] {Les} stupid question i know
[09:20] {dino} fcx, clf, ctrp, itri, qcom, fdx, whr, ups to start
[09:21] {Les} ty
[09:21] {dino} gl
[09:22] {dptl} so, Vad..if let say entry was .20 with stop .10 and you got in .23....you still will exit .30 or half (1:1).... not like .33?
[09:22] {ese} good morning ........
[09:22] {Threei}  ese :)
[09:22] {hawk} good question dp, was wondering about that
[09:23] {Threei}  dp, do market patterns change depending on your entry?
[09:23] {Threei}  or, let me put it this way:
[09:23] {Threei}  does market know where you enter?
[09:24] {dptl} no,....but it's like risking 13c and making 7c
[09:24] {Threei}  so don't chase that much
[09:24] {lasertrev} morning
[09:24] {Threei}  trev :)
[09:24] {strider} but does market know where 1:1 from your trigger is?
[09:24] {Threei}  if I go for a bigger trade, I may give it couple cents more
[09:24] {Threei}  no it doesn't,
[09:24] {Threei}  but 1:1 didn't come from my desires,
[09:25] {Threei}  it's a pattern ovserved over years,
[09:25] {Threei}  that in a certain stricture of setup stock is likely to pause or reverse around these levels
[09:25] {Threei}  setup doesn't come from my imagination, it's a pattern existing in the market
[09:25] {dino} add pot to list
[09:26] {ese} we have plenty of that here in BC
[09:26] {Threei}  lol
[09:26] {dino} lol
[09:26] {ese} might be our biggest export to Washington state
[09:27] {hawk} getting ready for the weekend dino?
[09:28] {ese} nahhhh...golfers live there lives clean.....just ask John Daley
[09:29] {nemo} hey ese, you ever been to Berkley?
[09:29] {ese} nope ...not yet
[09:29] {ese} fabulous music school there
[09:29] {nemo} yep...that's why I asked
[09:30] {dino} not really hawk, couple parties to attend thats all
[09:30] {ese} simply known as   ...Berkley ....to the rest of the world
[09:30] {dptl} :)...i see..Vad...thats where i have problem..like i am trying to realy get 1:1....if i got inat .23 trying to get out at.33
[09:31] {jfjf64} mornin
[09:31] {dptl} i guess you right should not chase that much
[09:31] {Threei}  how about applying some common sense? :)
[09:31] {nemo} did you forget to whom you are speaking?
[09:31] {Threei}  LVS
[09:31] {Les} rimm crash
[09:31] {Threei}  sharp dive
[09:31] {nemo} spy might bounce right here
[09:32] {Threei}  if it does, LVS .85 break
[09:32] {Threei}  if stays bove .75
[09:32] {jfjf64} lvs
[09:32] {Threei}  .80 now
[09:32] {Threei}  no
[09:32] {Threei}  wait for one more leg
[09:32] {Threei}  .65 - 75 new range
[09:33] {Les} quote server vad?
[09:33] {dptl} edgx stacking
[09:33] {Threei}  16
[09:33] {ese} L dndn.68
[09:33] {Threei}  1:1
[09:33] {nemo} my quotes are reversed
[09:33] {nemo} this is FUBAR!!!
[09:33] {strider} seriously fubar
[09:34] {dptl} same here nemo
[09:34] {Les} my quotes screwed up
[09:34] {nemo} TREVOR!!!   WTF
[09:34] {dptl} lol
[09:34] {Threei}  1:2
[09:34] {strider} in .76 out .93,  I think.
[09:34] {Threei}  anyone got it??
[09:34] {Threei}  whew
[09:34] {jfjf64} y
[09:34] {nemo} my qotes are reversed VAD
[09:34] {Threei}  ??
[09:34] {dptl} imposible here
[09:34] {strider} stand on your head.
[09:34] {nemo} bids on right  offers on left
[09:34] {Threei}  what do you mean reversed
[09:34] {Les} reboot
[09:34] {Threei}  huh?
[09:34] {nemo} YEAH
[09:35] {strider} mine were...not now.
[09:35] {gregns} mine are too
[09:35] {gregns} reversed
[09:35] {nemo} now there back
[09:35] {dptl} no it's just edgx stucking ..nemo
[09:35] {ese} out dndn .55 -.13
[09:36] {Threei}  ok, this guy smokes something I want too:
[09:36] {Threei}  (US) White House press secretary: June US employment figures indicate continued signs of gradual economic recovery
[09:36] {Threei}  I think his quotes are reversed as well
[09:36] {jfjf64} lol
[09:37] {dino} itri hl .14
[09:37] {Les} ok lets trade with level 2 backwards. what's next
[09:37] {Les} setup wise
[09:37] {gen} gm all
[09:37] {Threei}  gen :)
[09:37] {nemo} yeah, edgx is fubar
[09:38] {Threei}  what are you all talking about...
[09:38] {Threei}  this is not reversed quotes
[09:38] {nemo} they were vad
[09:38] {Les} screenshot, wait
[09:38] {Threei}  this one MM or ECN sticking in Level2
[09:38] {nemo} now they're basically o.k. except for EDGX
[09:38] {gregns} yes, i will attest to that also
[09:38] {ese} my intelliscan has stopped
[09:38] {dptl} it's bad it's not only edgx ..i just hide it and it's still bad
[09:38] {Les} http://uploads.mibbit.com/6rxUhU.gif
[09:38] {gregns} even though i agree with nemo seldom
[09:39] {nemo} where you live greg?
[09:39] {Threei}  oh boy
[09:39] {Les} lvs is problem, not rig
[09:39] {Threei}  Les, look at your own screenshot
[09:39] {Les} '
[09:39] {Threei}  do you see that all incorrect bids are one ECN?
[09:39] {Les} ?
[09:39] {gregns} not telling
[09:39] {Threei}  EDGX
[09:40] {Les} what's that?
[09:40] {Threei}  who cares
[09:40] {Threei}  means,
[09:40] {Threei}  its quotes stuck
[09:40] {Les} its on nasdaq
[09:40] {dptl} you can hide it to get it out of the way
[09:40] {nemo} no, they were edgx bids
[09:40] {Threei}  US) President Obama: Headed in the right direction but not fast enough
[09:40] {nemo} he's right
[09:40] {strider} how do you hide it?
[09:40] {Threei}  no really??
[09:40] {nemo} Vad is
[09:41] {Les} so how do i change it?
[09:41] {dino} stop itri -.02
[09:41] {dptl} go level 2 properties find tab hide market maker
[09:41] {Les} hidden MM?
[09:42] {dptl} yep
[09:42] {Les} and just hide market maker?
[09:42] {dptl} marked the one you want to hide
[09:42] {Threei}  BP
[09:43] {dino} itri hl l .01
[09:43] {Threei}  nah, leave it alone
[09:44] {Les} http://uploads.mibbit.com/DBWXaI.gif
[09:44] {Les} what do I need to do here vad?
[09:45] {Threei}  trev
[09:45] {Les} ok
[09:45] {Threei}  (GE) German Chancellor Merkel: The time to secure the euro's future is now
[09:46] {jfjf64} kgc  3i
[09:46] {dino} think they said that about poland awhile back
[09:47] {Threei}  in 1939?
[09:47] {Threei}  .70 break jf?
[09:47] {jfjf64} thinkin
[09:47] {nemo} using that hidden mm but not working
[09:47] {strider} ne neither, nemo
[09:48] {dptl} works for me
[09:48] {Les} trev says to wait until server returns. was down for a time
[09:48] {Les} just edge quotes are wrong
[09:48] {dptl} remove all from left side first
[09:48] {dptl} then ad gxb only...and check hide mm on the bottom
[09:48] {dino} ups hl l .90
[09:49] {lasertrev} one of the servers is down, they are working on the problem
[09:50] {dptl} and your edgx will not show anything
[09:50] {dino} itri stopped -.26
[09:50] {jfjf64} jnpr
[09:51] {nemo} thanks dp
[09:52] {Les} Ok, I understand ECN problem now. I can work with this
[09:52] {dptl} :) yw
[09:53] {Les} ty dp. done
[09:53] {dino} whr hl l .54
[09:54] {dptl} :)
[09:56] {lasertrev} "We are working to resolve EDGX data crosses ASAP. For now, you can block EDGX via the hidden MM tab in trade settings." It is up to traders if they want to block edgex. To do so go to  "Trade Settings" "Hidden MM"
[09:56] {Les} done thanks trev
[09:56] {dptl} and don't forget unhide it when they fix it
[09:56] {Les} sure. you tell us when its fixed trev
[09:56] {jfjf64} jnpr  no  takers
[09:57] {lasertrev} sure thing
[09:57] {Threei}  Preview: May Factory Orders due out at 10:00ET
[09:57] {Threei}  **Consensus expectation: -0.5%e v +1.2% prior
[09:57] {Threei}  - Estimates range between -2.0% to +1.5%
[09:59] {dino} itri rinsed
[10:00] {Les} vad like KGC as a short
[10:00] {Les} liking KGC
[10:00] {Threei}  nope
[10:00] {Les} no
[10:00] {nemo} inverse H&S forming on fas and TNA
[10:00] {Threei}  US) MAY FACTORY ORDERS: -1.4% V -0.5%E
[10:00] {Threei}  lowest reading since March 2009
[10:00] {Threei}  how's that recovery going
[10:01] {nemo} Hooverville here we come
[10:01] {Les} hooverville?
[10:01] {nemo} Depression history Les
[10:02] {Les} I know hoover
[10:02] {dino} inmates in charge
[10:02] {nemo} then look up the term "Hooverville"
[10:02] {Les} ah ok
[10:03] {Les} obamaville
[10:03] {dino} not a pleasant thought nemo, but possible
[10:03] {nemo} yeah, could be the next iteration
[10:03] {nemo} ask greg...
[10:05] {jfjf64} lvs  double  bott
[10:05] {Les} ah rush limbaugh has already beat me to new coinage of homeless
[10:05] {nemo} spy at pivot support
[10:07] {jfjf64} lvs
[10:07] {jfjf64} grr
[10:07] {dino} fdx sm l .50
[10:08] {dino} random moves
[10:08] {Threei}  .70 break short LVS
[10:08] {Threei}  if syas under .75
[10:09] {dino} sm l clf .24
[10:10] {dptl} in lvs .69
[10:11] {jfjf64} break
[10:11] {nemo} you see those .63 quotes edgx
[10:11] {Threei}  no go
[10:11] {dptl} stopped
[10:13] {dino} 3i gut feel, up or down?
[10:13] {nemo} flat
[10:13] {Threei}  it looks so random, I can't even get a gut feel
[10:13] {dino} bets are up
[10:14] {Les} vxx dropping
[10:14] {Les} since peaking early in the month
[10:14] {dino} but axe murderer market, imp, "untrusting"
[10:15] {ese} Lsymc .94
[10:16] {hawk} POT getting ready
[10:16] {dino} sm l .25 pot
[10:17] {ese} out symc .25 even.....not going anywhere
[10:18] {dino} out clf .72, +.48
[10:19] {jfjf64} wtg
[10:19] {dino} out whr .86, +.32
[10:19] {Threei}  nice
[10:19] {jfjf64} wtg
[10:19] {dino} ty
[10:20] {hawk} nice dino, got .38 on clf, thx
[10:20] {Threei} Long Setup:  LVS  .80 break
[10:20] {dino} out pot .65, +.40
[10:20] {dino} ty hawk
[10:20] {dino} on pot
[10:21] {hawk} yw :)
[10:21] {ese} clf.......thing of beauty dino....nice one
[10:21] {dino} lucky
[10:21] {strider} data still not flowing right here.   Getting "loading data please wait" sign.
[10:21] {ese} double bottom.....perfect....no luck there
[10:21] {Les} l qcom small 32
[10:21] {Threei}  British Petroleum plc US Coast Guard's Allen: The relief well drilling is ahead of schedule by approx 7-8 days
[10:22] {Threei}  let's make LVS .75 break
[10:22] {Threei}  aggressive entry
[10:22] {Threei}  if stays abiove .70
[10:22] {dptl} in
[10:23] {strider} in .76
[10:23] {dino} es, ya know they way i see it, it was lucky the market went up instead of down. lately luck playing bigger share
[10:23] {Threei}  going for 1:2 at least
[10:24] {Threei}  1:1
[10:24] {dptl} half out
[10:24] {nemo} 200 ma at .95 also been respecting yesterday close at .90
[10:25] {dino} whr wack a mole
[10:25] {ese} L genz.92 sm
[10:25] {Threei}  market tries to ruin it for us
[10:26] {dptl} stop still under .70?
[10:26] {Threei}  discretionay
[10:26] {dptl} ok
[10:26] {Threei}  depends on how precious this gain for you is
[10:26] {ese} up quick out genz .02 +.10
[10:27] {dptl} stopped other half
[10:28] {jfjf64} lvs
[10:28] {jfjf64} shaked me  out
[10:28] {jfjf64} will work
[10:28] {jfjf64} now
[10:28] {magoo} hey
[10:28] {Threei}  mags :)
[10:28] {dino} gj es
[10:29] {jfjf64} 3i
[10:29] {jfjf64} lvs worth
[10:29] {jfjf64} nother shot
[10:30] {Les} looking short to me unless market bounces
[10:30] {Threei}  I can't tell
[10:30] {Threei}  it's random
[10:31] {Threei}  step back and look at SPY 1 min
[10:31] {Threei}  you see any pattern?
[10:31] {Threei}  I don't
[10:31] {Les} covered lvs +:07
[10:31] {nemo} it's respecting pivot levels and is right at the close, so could bounce here
[10:32] {dino} whr hl l .25
[10:34] {dino} just watching lod here vad, fwiw
[10:34] {dino} and quarters
[10:37] {Les} lvs .50
[10:37] {dptl} gild?
[10:38] {Threei}  don't know
[10:38] {Threei}  Friday after nervous market week with long weekend ahead...
[10:41] {Threei}  see coupl;e latest LVS moves for definition of random
[10:45] {lasertrev} edge seems to working ok now
[10:47] {Les} looks good thanks
[10:50] {hawk} FCX possible cup/handle in the works
[10:50] {dino} pour in some tea
[10:51] {dino} apol, esi death
[10:51] {hawk} lol
[10:54] {strider} FCX
[10:54] {nemo} looks short
[10:54] {strider} yep
[10:55] {dino} whr stopped
[10:55] {strider} short .22
[10:55] {strider} stop .40
[10:56] {ese} Lgenz .35
[10:56] {dino} fdx stopped -.03
[10:57] {ese} 1/2 lot
[10:58] {Les} s ccl .78 small  stop above .90
[10:58] {strider} didn't think my target through clearly.  risk too high for reward potential.
[10:59] {nemo} well, the 13 ma, which splits the BB's according to Vad's setting is .30 so set your stop there
[10:59] {strider} stop to .30
[10:59] {nemo} :0
[11:00] {ese} genz stop to break even
[11:02] {Les} ccl 1:1 looking for more
[11:03] {nemo} spy retesting support
[11:03] {Les} break, baby, break
[11:03] {strider} cover .09
[11:03] {nemo} 200 ma on fcx around .93 strider
[11:04] {strider} too jittery.
[11:04] {nemo} I can empathize
[11:04] {strider} me and FCX
[11:05] {ese} genz stop to .55
[11:05] {strider} CAT boince?
[11:05] {strider} bounc
[11:05] {strider} bounce. :(
[11:06] {dino} hl l whr .60
[11:06] {dino} clf hl l .51
[11:07] {ese} out genz .65 +.30  daaaaaaaaa!!!!!!!! stop was triggered was filled at .65
[11:07] {Les} bad luck that
[11:07] {dino} gj
[11:08] {ese} take a look at it though........some doof was filled at .40 so it triggered my stop
[11:09] {ese} that was weird
[11:10] {strider} dbl bottom CAT vad?
[11:10] {ese} man.......some dumb things happen in the market
[11:11] {Threei}  I doubt it strider
[11:11] {Threei}  market is questionable here, breakdown or bounce,
[11:11] {Threei}  but CAT is weaker than the market
[11:14] {dino} ups hl l .15
[11:15] {ese} in .16 dino
[11:15] {dino} giddy-up
[11:16] {ese} sm for me ...lots of room
[11:17] {strider} you all have a good weekend.   See you on Tuesday.
[11:17] {nemo} c u strider
[11:17] {strider} :)
[11:17] {dino} cya strider have a happy 7/4
[11:17] {Les} ciao st have a good one
[11:17] {strider} yeah:)
[11:17] {Threei}  take care sttrider
[11:17] {strider} .
[11:17] {strider} :)
[11:19] {Les} jeez nice spike EURUSD
[11:19] {Les} fat finger...
[11:20] {nemo} think spy breaks support this time
[11:24] {ese} 4/5 dn thrusts dino.......this should head up
[11:24] {dino} should, but....
[11:24] {Les} brb stop on ccl set above .80
[11:25] {ese} ya.......whats that saying.....the market goes up , except when it doesn't
[11:26] {dino} lol
[11:26] {dino} imo its all random
[11:31] {dino} ups stopped -.25
[11:33] {ese} .75 limit for me
[11:33] {nemo} faz passed fas
[11:33] {ese} i mean stop is at .75
[11:35] {dptl} .
[11:38] {Threei}  CAT looks short
[11:38] {Threei}  59 break
[11:38] {Threei}  if stays under .10
[11:38] {ese} ups stopped .74 -.40
[11:39] {dptl} in cat
[11:39] {Threei}  1:1
[11:39] {Threei}  1:2
[11:39] {dptl} half out
[11:39] {Threei}  nice and easy
[11:41] {Les} nooooooooooooooooo
[11:41] {Les} wind back the tape
[11:42] {Threei}  what?
[11:42] {Threei}  it was easily available
[11:42] {Les} CCL covered +.28
[11:42] {Les} i was out
[11:42] {Threei}  oh
[11:47] {dino} gj les
[11:48] {dino} meli sm l .50
[11:48] {Les} ty
[11:54] {dino} clf clf hl l .00
[11:55] {Les} BP APC RIG down HAL stuck. some buy orders to digest maybe
[11:58] {Les} here come's hal
[11:59] {Les} ECN's stuck again
[12:01] {Les} s hal .49 stop above .60
[12:03] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:03] {nemo} to be expected today
[12:18] {Threei}  CAT
[12:18] {Threei}  watching for long
[12:19] {Threei}  one more leg down
[12:20] {Les} .85ish?
[12:20] {Les} if holding .80
[12:20] {Threei}  doesn't want to lose .90 yet...
[12:20] {Threei}  OK, coming there
[12:21] {Threei}  .90 cross
[12:21] {Threei}  if holding .80
[12:21] {dptl} in .93
[12:22] {Threei}  formally low was .84
[12:22] {Threei}  so can consider 59 being 1:1
[12:23] {Threei}  half out
[12:23] {dptl} out half 00
[12:23] {Les} thanks dumped .99
[12:23] {dptl} where stop now?
[12:23] {dptl} .84?
[12:24] {Threei}  I'd trail to under b/e
[12:24] {Threei}  under .90
[12:24] {dptl} ok
[12:24] {ese} L nvda .00
[12:28] {dino} tsla blood
[12:30] {dino} out clf .22, +.22
[12:30] {dino} out meli .85, +.35
[12:31] {dino} meli, tricked me
[12:31] {dptl} ks ks ks ks ...come on citty...lol
[12:32] {Threei}  jeez... explosion in police recruitment centre in Quebec
[12:32] {Threei}  bomb threat called in 20 min before explosion
[12:33] {jfjf64} wehere  nemo
[12:33] {Les} disgruntled postal worker
[12:33] {nemo} there castle
[12:33] {Threei}  1:2 CAT
[12:33] {dptl} out some more .09
[12:34] {Les} HAL stopped -.02 meandering
[12:34] {Threei}  isn't it ironic: our faithful buddy LVS is utterly useless today, while wild CAT gives two easy trades
[12:34] {Threei}  the only constant in the market is change
[12:35] {Les} rimm read vad?
[12:35] {jfjf64} and to realize it
[12:35] {Threei}  toughie Les
[12:36] {Threei}  no clean reliable read
[12:36] {Les} damn there goes HAL
[12:36] {dptl} all out cat ty
[12:36] {Threei}  sure, but
[12:37] {Threei}  you didn't trail last piece to under 1:1?
[12:37] {Threei}  after it hit 1;2
[12:38] {dptl} oh.....totaly forgot had last 200 sh..left....ye...my bad
[12:38] {Threei}  lol
[12:38] {nemo} hate that
06[12:38] * Threei slaps dptl around a bit with a large bottle of memory pills
[12:38] {nemo} thanks dp
[12:38] {Les} frikin hal
[12:38] {dptl} ye after 1;2...should be 1;1...:)
[12:39] {dptl} for what nemo?
[12:39] {nemo} making me feel better about myself
[12:39] {jfjf64} in cat .83
[12:39] {dptl} lol....you did the same?
[12:39] {nemo} no, but have
[12:40] {jfjf64} lk steelin
[12:41] {jfjf64} 1/1
[12:41] {jfjf64} half out
[12:43] {jfjf64} out
[12:43] {jfjf64} even
[12:43] {Threei}  you do know it's illegal, jf?
[12:43] {jfjf64} ??
[12:44] {Threei}  making such easy money
[12:44] {jfjf64} lol
[12:44] {dino} gj jf
[12:44] {jfjf64} we put our time in
[12:45] {jfjf64} see what happens  when  lvs treats me bad
[12:45] {jfjf64} find another
[12:45] {Les} back in hal short .44
[12:46] {jfjf64} what odds  this  workin  again3i
[12:46] {nemo} cat short here Vad?
[12:46] {nemo} nope, ut look at this level on the five minute chart
[12:46] {Threei}  of what, jg. LVS?
[12:47] {Threei}  or cat bounce?
[12:47] {jfjf64} cat
[12:47] {jfjf64} nemo  lks  down
[12:47] {Threei}  i wouldn't
[12:47] {Les} spy 102...
[12:48] {Threei}  makes lower highs
[12:48] {Threei}  path of least resistance is down now
[12:49] {jfjf64} nemo  5 min  looks  lk  breakdn
[12:49] {nemo} YEP
[12:49] {jfjf64} .74
[12:50] {nemo} that area, but I think it might break from .90 if the market goes south
[12:50] {jfjf64} scared of that
[12:51] {nemo} well, invalidated for now, but if it stays under 59 it's under its 50 ma
[12:51] {jfjf64} lk little  conformation
[12:51] {nemo} yeah, I'm with ya'
[12:52] {jfjf64} i need directon to  party 3i
[12:52] {jfjf64} comin  from  long island
[12:53] {Threei}  come to island and call me
[12:53] {jfjf64} ya  on island
[12:53] {nemo} see jf
[12:53] {Threei}  make sure yo are here before 4 pm... after hat I am busy making shihskebab, no pickup service :)
[12:54] {jfjf64} ya really  havin  party
[12:54] {Threei}  would I ever joke about such matters?
[12:54] {jfjf64} nemo??
[12:54] {Threei}  I can joke about economy, market, countires collapsing and being reborn, life and death
[12:54] {Threei}  but party?? never
[12:55] {nemo} CAT!
[12:55] {jfjf64} .74
[12:55] {nemo} stop teasing CAT
[12:56] {jfjf64} .81 long
[12:56] {dino} clf hl l .75
[13:00] {jfjf64} buy the .85
[13:00] {jfjf64} yikesssssssssssssss
[13:01] {nemo} yahoo cat
[13:01] {bellowsbunch} wow
[13:01] {Threei}  12:48] {Threei} path of least resistance is down now
[13:01] {Les} HAL is covered .26 +.18
[13:02] {Les} love that quarter theory
[13:02] {jfjf64} wtg les
[13:04] {dino} lol, wtg
[13:04] {dptl}  quarter theory?
[13:04] {jfjf64} what is quarter theory
[13:05] {Threei}  give me two quarters, I'll give you ne back - life is good, both of us got a quertar now
[13:05] {Les} voilà
[13:05] {jfjf64} nice
[13:05] {Threei}  both feel generous
[13:05] {jfjf64} viola
[13:06] {Les} cover target was just above quarter dp .26
[13:06] {Les} I've seen dino's trades work with key quarterly points .25, .50 .75 & .00
[13:07] {dptl} i see
[13:07] {dino} hl l meli .51
[13:07] {jfjf64} happy 4th  to  all  my  trading  pals  see ya  tuesday    ENJOY
[13:07] {Threei}  what dino nenefr told you is, that it's mostly math issues... he can't count easily inebteen those numbers
[13:08] {Les} you can see how HAL dropped to .25 and then held
[13:08] {Les} hehe
[13:08] {Threei}  I can count even less, so I work with zeros only
[13:08] {Les} ciao jf
[13:08] {dino} hmmmmmmmmm
[13:08] {strider} .
[13:08] {Threei}  take care jf, have a great long weekend
[13:08] {magoo} have good one jf
[13:08] {strider} You know the days when dino is using quarters, he wore shoes to work.
[13:08] {Threei}  look at both my CAT trades
[13:09] {Threei}  both were zero based
[13:09] {Threei}  even when one had a low of .84
[13:09] {Threei}  I still placed stop under .80
[13:12] {dino} whr hl l .00
[13:12] {Threei}  British Petroleum plc Total CEO: Have not considered making an acquisition offer for BP
[13:12] {Threei}  - REMINDER: on 7/1, Total's CEO said his company would consider acquiring any assets BP puts up for sale.
[13:13] {Threei}  this is exactly why I couldn't ever understand the point of screams "let's destroy BP"... even aside from issues of who will pay for all the cleanups,
[13:13] {Threei}  what is it you destroy?
[13:13] {Threei}  assets will be sold and will work in other companies,
[13:13] {Threei}  equipment etc,
[13:14] {Threei}  people with knowledge and experience will be hired by those same companies,
[13:14] {Threei}  know-how will go with them,
[13:14] {Threei}  so what is it you destroy?
[13:14] {Threei}  shrug
[13:17] {magoo} as they all go home from work and stop at gas stations to fill up
[13:17] {Threei}  exactly
[13:17] {magoo} it wass my b-day wed, was drunk until  this morn lol
[13:19] {Threei}  lol
[13:19] {Threei}  happy birthday!
[13:19] {magoo} :)
[13:20] {bellowsbunch} cat?
[13:20] {dptl} happy b-day Magoo :)
[13:20] {nemo} two day bender, congratulations
[13:21] {nemo} short bellows if market goes
[13:21] {magoo} ty, and immediately before yet another bender to begin
[13:22] {nemo} boy's got stamina
[13:22] {Threei}  bellow, CAT is 59 break long, the oly setup I see here - but it will require strong market recovery
[13:23] {magoo} mkts cclosed monday?
[13:23] {nemo} si
[13:24] {magoo} how about us banks, postal?
[13:24] {nemo} like government workers would ever work on holidays
[13:24] {nemo} Monday everybody's off
[13:24] {dptl} and liquer stores
[13:24] {magoo} well, is monday a holiday?
[13:25] {dino} out meli .76, +.25
[13:25] {dptl} you get in cat Vad?
[13:27] {Threei}  ?
[13:27] {Threei}  didn't watch it, don't even know it set up
[13:27] {Threei}  but in any case, you see any SPY recovery?
[13:27] {dptl} it broke 59...not in just asking
[13:27] {dptl} ye...no
[13:28] {Threei}  I'd trade it long only seeing market really doing something on the upside
[13:28] {dptl} i see
[13:28] {Threei}  accidental move by CAT while market sleeps, no way
[13:34] {Les} yeh market wants up now me thinks
[13:35] {nemo} 200 ma is at .30
[13:35] {Les} seen
[13:35] {nemo} volume has probably fallen off the map by now
[13:36] {Les} yeh not exactly buy signal at this point
[13:36] {dino} cf strong today
[13:37] {Les} I see a new christopher nolan film coming out
[13:37] {Les} loved the dark knight, memento
[13:37] {nemo} what movie
[13:38] {Les} http://www.telegraph.co.uk/culture/film/filmmakersonfilm/7866677/Inception-Christopher-Nolan-interview.html
[13:38] {nemo} oh yeah, Leonardo DiCaprio
[13:40] {magoo} ok, thats a rap for me
[13:40] {magoo} have a great weekend all
[13:40] {Les} ciao mags and happy b'day
[13:40] {magoo} c u tues hung over BADDD
[13:41] {Threei}  lol mags
[13:41] {Threei}  have a good weekend
[13:45] {Threei}  RIMM...
[13:46] {Threei}  chart looks nice, but a bit too narrow
[13:46] {Threei}  strange to say this about RIMM, but....
[13:46] {Threei}  let's try to maximize chance of a worthy trade,
[13:47] {Threei}  ignore .10 break, but if it pullas back to 48, let's hunt for entry
[13:48] {Les} 50ma been holding it back. may not drop below 48
[13:48] {Threei}  don't need below
[13:48] {Threei}  just want it as close to 48 as possible
[13:48] {Les} ok
[13:50] {dino} cagc
[13:54] {dino} out whr .32, +.32
[14:00] {Threei}  chalking RIMM in "got away" category
[14:04] {Threei}  twice
[14:08] {dino} meli hl l .10
[14:09] {Les} with you 52 small
[14:09] {dino} need mkt help
[14:12] {Les} out flat. dropping through MA support again
[14:12] {Les} the indexes
[14:26] {dino} tsla 19s
[14:27] {Threei}  quite a roundtrip eh
[14:27] {Threei}  17 to 30 and all the way back
[14:27] {dino} worth about .50 imo\
[14:32] {Threei}  crap
[14:32] {Threei}  in 10 mil years Africa is going to crack open so ocean fills the middle
[14:32] {Threei}  and I thought of going to safari...
[14:32] {Les} why would it crack open?
[14:33] {Threei}  dunno, scientists said it will
[14:33] {Les} l TZA .67 for aggressive .70 break stop under .63
[14:33] {Threei}  you know... those same guys whose economy models never included housing prices going downb
[14:34] {dino} yeah
[14:39] {dino} pelosi;"unemployment checks are a great way too create jobs" what an idiot
[14:39] {Threei}  rofl
[14:41] {dino} it seems to me lack of money is the incentive to work
[14:44] {Threei}  things change unrecognizazbly wheh you look at the world through ideology glasses
[14:44] {Threei}  and their ideology says, people are moral or immoral depending on their material possessions and financial standing
[14:44] {Threei}  rich guy is suspicious at best and usually outright bad
[14:45] {Threei}  poor guy is moral and noble
[14:45] {Threei}  period
[14:46] {dptl} lvs ?
[14:47] {Threei}  useless piece of crap today
[14:47] {Les} heffa
[14:48] {Les} lvs is a heffa wondering the fields chewing the grass
[14:48] {Les} what a day
[14:49] {Les} negative bias towards close vad  u think?
[14:50] {Les} tza 1:1
[14:52] {Threei}  probably, yes
[14:53] {ese} Out nvda .18
[14:53] {ese} +.18.........well .17 and change
[14:55] {dino} gj
[14:55] {dino} whr hl l .25
[14:55] {Les} tza sold flat
[14:59] {ese} tks.......like the band "Asleep At The Wheel"
[15:00] {nemo} Love them
[15:00] {nemo} they've been around forever it seems
[15:01] {hawk} good weekend all
[15:01] {Threei}  have agood one hawk
[15:02] {Les} ciao chickenhawk
[15:02] {Les} anyone read it?
[15:06] {dino} cya hawk
[15:07] {Les} http://miburl.com/BPE38W
[15:08] {Les} just so Hawk doesn't kick my butt Monday :)
[15:10] {Les} shit had a hal stoplimit program trigger on me
[15:10] {ese} One of my altime favorite tunes nemo  "There Ain't Nobody Her But Us Chickens"
[15:11] {Les} out hal +:07
[15:20] {dino} gj
[15:28] {ese} ya sure nvda.........another .10 daaaaaaaa sucre blue
[15:30] {Threei}  29% Say Stimulus Plan Helped the Economy, 43% Say It Hurt
[15:30] {ese} or is that sacker blaaa
[15:31] {ese} ahhhhhhh.......sucre bleu........there!!!!
[15:31] {Les} sacré blue. not sure about the accent
[15:32] {ese} Ya gotta be thinkin........if I have too much time on my hands this summer it be bad news
[15:32] {ese} it could be
[15:33] {Threei}  (US) California appellate court sides with governor on plan to pay state workers minimum wage - CNBC
[15:33] {Threei}  - California to pay 200K state workers minimum wage during budget crisis
[15:33] {Threei}  why not
[15:34] {Threei}  (CH) Reportedly a group of US legislators are calling for investigation to determine whether a Chinese investment into a US steel firm represents a national security risk (related SLX FXI USD/CNY )
[15:34] {Les} there'll be alot more public workers on min. wage in a couple of years
[15:34] {ese} silicon valley not paying enough taxes.....ummmmmm
[15:36] {dino} out whr .out whr .50, +.25
[15:36] {Threei}  aside of elected officials and their aides, army and police, is there need in any public workers at all?
[15:37] {ese} hmmmmm  ya got me there
[15:38] {dino} out clf .10, +.35
[15:38] {Threei}  considering that anything done by governemtn has inredible amount of waste almost by definition, what can't be done by private eneterprises?
[15:39] {dino} out meli .42, +.32
[15:39] {Les} oof i prefer teachers stay in the public domain
[15:39] {dino} odd, last two days took beating in a.m., and made all back + in p.m.
[15:40] {Threei}  as long as there criteria of accreditation, what's the difference
[15:40] {ese} I think this is your basic turnaround day.........yes/neo
[15:40] {dino} agreed
[15:40] {dino} ugh whr
[15:41] {ese} ugh nvda
[15:41] {ese} had 4k of that
[15:41] {Les} grabbed a little wfc under 25. out +.09 so I am finally green for a close
[15:41] {Les} c u's monday
[15:42] {ese} later les
[15:42] {Threei}  no you won't
[15:42] {Les} just checking
[15:42] {ese} tuesday fella
[15:42] {Threei}  Tuesdaty, maybwe
[15:42] {dino} cya les
[15:42] {Les} someone's switched on
[15:42] {Threei}  and even that depends on how mkuch ese and I drink
[15:42] {Les} have a good one fellas
[15:42] {Threei}  take care les
[15:42] {ese} indeed
[15:42] {ese} and dp
[15:43] {ese} the mans legendary......
[15:44] {ese} never forget the bottle of vodka he brought you that was in the shape of an AK47......and it was real life size
[15:44] {Threei}  I still have that AK47 :)
[15:44] {dino} cool
[15:44] {Threei}  can actually refill and reuse
[15:44] {ese} rotflol ha ha ha ha ha..........
[15:44] {Threei}  it will be eco-friendly too
[15:44] {dptl} :)
[15:45] {ese} lol too funny
[15:45] {Threei}  shorglasses in a form of shells, and little handgrenade full of vodka with pepper
[15:45] {ese} ya see alot of things in this here life....but that one came close to takin the cake
[15:45] {Threei}  bof of military green color
[15:46] {Threei}  that was a fine gift :)
[15:46] {ese} rotflol
[15:46] {Threei}  bof - box
[15:47] {ese} oh my goodness.....that just made my day
[15:47] {Threei}  - The Congressmen have formally requested that Treasury Secretary Geithner look into the investment agreement signed in mid-May between US Steel and China's Anshan Iron & Steel Group.
[15:47] {Threei}  Chinese investment into a US Steel represents a national security risk...
[15:47] {Threei}  I think I can see future military tension
[15:48] {Threei}  and, ask yourself: what was it that pulled USA out of Great Depression?
[15:48] {Threei}  was it FDR's "new deal"?
[15:48] {Threei}  stimulus?
[15:48] {Threei}  financial reform?
[15:50] {ese} reminds me of an old Dean Martin line......it will be the moto of the party......."were not drunk if we can lay on the floor without holding on"
[15:53] {nemo} that's it nice weekend c u  Tuesday...Take Care
[15:53] {Threei}  thank you all,
[15:53] {ese} cya nemo...are ya making it to the bash
[15:53] {Threei}  have a great long weekend and 4th of july
[15:53] {lasertrev} take care all, have a good long weekend
[15:55] {dino} cya nemo
[15:55] {dino} cya laser
[15:56] {ese} alright.......guess i'm outta here
[15:56] {Threei}  see you tomorrow ese
[15:56] {dptl} have a good weekend all
[15:56] {Threei}  and dp
[15:56] {Threei}  and patience
[15:56] {dptl} yep
[15:56] {Threei}  the rest tioll Tuesday
[15:56] {ese} cya vad how do you like the party moto
[15:56] {dino} cya es and all
[15:56] {dino} i'm out too
[15:56] {Threei}  love it
[15:56] {ese} later dino
[15:56] {Threei}  "see you under the table after 13th shot"
[15:57] {ese} done

Jul 01 2010

Nice day, as we got a few good trades on both sides. For the Catch of the Day we have
beautiful long play on LVS reversal today, break of mini-range formed at the bottom. While chart is self-explanatory, whole play was based on general market read: reversal as opposite to breakdown. Read the comments starting from 11:04 and look at intraday SPY chart for comparison.

Session Time: Thu Jul 01 00:00:00 2010

[07:54] {strider} .
[08:10] {hawk} good morning
[08:27] {Threei}  good morning
[08:28] {rdw09} Good morning
[08:28] {Threei}  rdw :)
[08:28] {Threei}  (US) Preview: Weekly Initial Jobless Claims due at 08:30 ET (12:30 GMT)
[08:28] {Threei}  **Consensus expectations:
[08:28] {Threei}  - Initial claims expected at 455Ke v prior week's 457K (estimates range from 440K to 475K)
[08:28] {Threei}  - Continuing claims seen at 4.55Me v prior week at 4.548M (range seen from 4.45M to 4.57M)
[08:29] {Threei}  (US) Former Fed Chairman Greenspan: This is not a normal economic recovery
[08:29] {Threei}  - Believes current conditions are a typical pause in recovery
[08:29] {Threei}  - Believes banks and high wealth individuals are driving recovery, small business is not carrying the recovery.
[08:29] {Les} lol
[08:29] {Threei}  this guy irritates me even when he says right things
[08:30] {Les} afternoon
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 472K V 455KE
[08:30] {Threei}  Les :)
[08:30] {Threei}  CONTINUING CLAIMS: 4.616M V 4.55ME
[08:31] {Threei}  Prior initial claims revised higher from 457K to 459K
[08:31] {Threei}  - Prior continuing claims revised higher from 4.548M to 4.573M
[08:31] {Threei}  oh boy
[08:35] {Threei}  BP, what's up
[08:36] {hawk} no idea, but in from .31
[08:36] {Threei}  :)
[08:37] {Les} sweet entry. perhaps takeover talk
[08:37] {Threei}  topping
[08:37] {hawk} out
[08:37] {Threei}  takeover talk seems total bs to me
[08:37] {hawk} just took off after the numbers
[08:38] {Threei}  who needs undetermined liabilities,
[08:38] {Threei}  and who would allow BP to sell itself without meting those
[08:38] {strider} GYRO
[08:38] {strider} :)
[08:39] {hawk} DNDN taken to the woodshed
[08:39] {Threei}  Gyrodine of America Court of Claims Issues Favorable Opinion in Condemnation Litigation; court awards $98.7M
[08:39] {Threei}  - A Longreal estate investment trust, announced today that the Court of Claims of the State of New issued an opinion requiring the State to pay to Gyrodyne an additional $98,685,000 for land appropriated in 2005.
[08:54] {Les} BP serious
[09:01] {hawk} seriously
[09:02] {dptl} good morning
[09:02] {Threei}  dp :)
[09:03] {dino} gm all
[09:03] {Threei}  dino :)
[09:04] {dino} surprised you hosers are here on canada day :D
[09:05] {Threei}  really
[09:05] {dino} lol
[09:05] {Threei}  well, I'll leave 30 min early to catch a celebration
[09:05] {dino} enjoy
[09:06] {hawk} wearing my touk in tribute
[09:07] {Threei}  lol
[09:13] {dino} dndn
[09:13] {Threei}  yeah... your client
[09:14] {jfjf64} mornin
[09:15] {Threei}  jf :)
[09:18] {nemo} battle zone 30 area bp
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:23] {larisa} vad :)
[09:23] {Threei}  5 white Ravens spotted on Vancouver Island
[09:24] {lasertrev} morning
[09:24] {Threei}  trev :)
[09:24] {bellowsbunch} gm
[09:24] {Threei}  bellows :)
[09:26] {Raven} {}
[09:27] {nemo} oh great, raven glyphs
[09:27] {Threei}  thought you'd get interested
[09:27] {Raven} hmmmmm'
[09:27] {Raven} cross dressers?
[09:27] {Threei}  http://www.canada.com/victoriatimescolonist/news/story.html?id=aeeb81cb-3e94-44b7-91e3-aa9d1ce56c27
[09:28] {nemo} obviously not your progeny
[09:29] {Threei}  watching LVS, BP, DNDN
[09:33] {Threei} Long Setup:  LVS  .20 break if holding .10
[09:34] {Threei}  hesitated about DNDN .50 break... too bad
[09:34] {Threei}  LVS 1:1
[09:34] {Threei}  half out
[09:34] {Threei}  1:2
[09:34] {Threei}  1/4 more out
[09:34] {Threei}  stop to b/e
[09:35] {dino} hl l whr .16
[09:36] {Threei}  DNDN
[09:36] {Threei}  all the way back
[09:36] {Threei}  smallish shares long .65
[09:36] {dino} whr stopped -.30
[09:36] {Threei}  if holding .50
[09:37] {Threei}  1:1
[09:37] {dino} ctrp hl l .89
[09:37] {Threei}  LVS over 1:3
[09:37] {Threei}  1:4, out
[09:37] {rdw09} ty threei LVS + .19
[09:37] {Threei}  DNDN 1:3, full out
[09:37] {Threei}  rdw :)
[09:38] {Threei}  wow, almost dollar move DNDN
[09:39] {dino} wtfg
[09:39] {Threei}  ty
[09:39] {Threei}  Canada day you know... national pride
[09:39] {jfjf64} wtfg
[09:39] {dino} lol
[09:39] {Threei}  lol
[09:40] {bellowsbunch} dndn you in?
[09:40] {jfjf64} fishing soon
[09:40] {Threei}  09:37] {Threei} DNDN 1:3, full out
[09:42] {dino} metal/mining move clf, fcx
[09:42] {Threei}  LVS pulling back
[09:42] {Threei}  watching for secondary entry
[09:42] {Threei}  ideally, drop to about .15 - .20
[09:42] {jfjf64} do  ya  magic 3i
[09:42] {nemo} 200 just under 35
[09:42] {nemo} .35
06[09:43] * Threei waves his magic wand
[09:43] {jfjf64} go  mt
[09:43] {Threei}  oops... major immigration reform spech next hour... I swear this is not what I waved that wand for, jf
[09:43] {dino} ctrp stopped. break time
[09:44] {nemo} lvs .33 offer
[09:44] {nemo} huge
[09:44] {jfjf64} lvs
[09:44] {Threei}  here it comes
[09:44] {jfjf64} comon baby
[09:44] {dino} whr sm l .00
[09:44] {Threei}  lol, jumped off .17
[09:44] {Threei}  how's that for precision
[09:45] {jfjf64} missed
[09:45] {jfjf64} ya in
[09:45] {Threei}  me too
[09:45] {Threei}  no
[09:45] {nemo} on my chart right off .15
[09:45] {Threei}  .15 was out of bounds print
[09:45] {nemo} oh
[09:45] {Threei}  actual level 2 bottom was .17
[09:45] {jfjf64} still live
[09:45] {Les} lvs
[09:46] {ese} good morning...slept in.....had a show to play last night
[09:46] {Threei}  ese :)
[09:46] {nemo} frickin' musicians
[09:46] {jfjf64} mornin ese
[09:46] {Threei}  - Chatter circulating of a 'weaker'than expected ISM Manufacturing data out of the US. Analyst estimates at 59.0e v 59.7 prior
[09:46] {Threei}  US) Preview: June ISM Manufacturing Index due out at 10:00ET
[09:46] {Threei}  **consensus expectation:
[09:46] {Threei}  - ISM Manufacturing: 59.0e v 59.7 prior
[09:47] {Threei}  US) Preview: May Pending Home Sales due out at 10:00ET
[09:47] {Threei}  **Consensus expectations (m/m): -14.2%e v +6.0% prior
[09:47] {nemo} get ready to kick off orders in faz and tza :)
[09:47] {jfjf64} lvs still on
[09:47] {Threei} Long Setup:  LVS  .25 if holding .15
[09:47] {Threei}  just a scalp most likely
[09:49] {Threei}  invalidated
[09:49] {dino} rimm gap fill, nemo?
[09:50] {Threei}  hey, here comes jobs recovery:
[09:50] {Threei}  MS Plans to hire 100 new bankers for the private banking division (update)
[09:50] {Threei}  - Firm may seek another 400 bankers by the end of 2011
[09:50] {dino} dino crazy prediction, msft cx'd kin, will now try to buy rimm
[09:51] {Threei}  kin?
[09:51] {dino} their new phone
[09:51] {Threei}  oh
[09:51] {Les} rimm!
[09:51] {Les} death
[09:52] {Threei}  Recent emerging market data suggests some cracks in the BRIC wall
[09:52] {Threei}  - The conventional wisdom in the first half of 2010 has been that global economic recovery will be led by emerging economies, as the developed world more slowly crawls out of the ditch of its various financial crises. However, cracks appeared in this argument this week, as poor data showed that trouble with the recovery in the developed world is certainly carrying over into emerging market economies.
[09:52] {Threei}  - On Tuesday the US-based Conference Board adjusted its April China Leading Indicator to 0.3% from 1.7% prior, citing a calculation error. The move contributed to panic selling in global equity markets that day. Then the China June Manufacturing PMI data released on Wednesday came in at a four-month low, missing expectations. The key new orders and employment sub indices showed notable sequential declines. Following the data, the China Stats Bureau stated that China's export outlook is grim and warned that the PMI data reflected the slow global recovery
[09:53] {Threei}  - In Brazil, today's May industrial production index was flat, missing expectations of +1.5%.
[09:53] {Threei}  Australia, whose economy is driven mainly by commodity demand from Asia's emerging economies, reported some dicey data. The Australia May building approvals declined more than 6% over April levels, while May retail sales fell to a three-month low.
[09:54] {Threei}  On Wednesday Taiwan's June Manufacturing PMI data dropped considerably over the May figure. India's June Markit Manufacturing PMI reading also declined from the May figure.
[09:54] {Threei}  Finally there is the Baltic Dry Index, a key metric of global trade: today the index fell 2.3% to 2,351 points, extending to 25 days its longest decline since August 2005.
[09:55] {nemo} lvs db?
[09:55] {jfjf64} lvs vad
[09:55] {nemo} jf look
[09:55] {Threei}  nope
[09:55] {Threei}  doesn't look right to me
[09:56] {jfjf64} nice look
[09:57] {dino} #s in 3 min
[09:57] {nemo} coffee time
[09:57] {Threei}  let's wait numbers out
[09:57] {Threei}  two sets
[09:57] {jfjf64} sounds  good
[09:58] {jfjf64} like  structure
[10:00] {Threei}  *(US) MAY PENDING HOME SALES (M/M): -15.6% V -14.2%E
[10:00] {Threei}  yuck
[10:00] {Threei}  *(US) MAY CONSTRUCTION SPENDING (M/M): -0.2% V -0.8%E
[10:00] {Threei}  US) JUNE ISM MANUFACTURING: 56.2 V 59.0E
[10:00] {Threei}  yuck
[10:00] {nemo} my software frozen
[10:00] {jfjf64} gettin  hit
[10:00] {nemo} locked up
[10:01] {jfjf64} aapl
[10:01] {Threei}  fine here
[10:01] {nemo} just came back
[10:01] {Threei}  your computer is wanting
[10:01] {nemo} but staccato
[10:02] {dino} qcom at march '09 level
[10:02] {Threei}  PRICES PAID: 57 V 70E
[10:02] {Threei}  can you say deflation?
[10:03] {Threei}  US) MAY PENDING HOME SALES (M/M): -30% V -14.2%E; (Y/Y): -15.6% V +24.6% PRIOR
[10:03] {dino} d e f l a t i o n ; yes
[10:03] {Threei}  can you say stimulus end, and wasted? no recovery on its own, just digesting money injected
[10:04] {Threei}  frikin keynesian imbeciles
[10:04] {jfjf64} 100p%%
[10:04] {Threei}  OK, LVS
[10:04] {Threei}  almost time
[10:04] {Threei}  pullback under .60 for long entry
[10:04] {Threei}  if holding .50
[10:05] {dino} hl l qcom .50
[10:05] {Threei}  .60 recross
[10:05] {dino} meli sm l .01
[10:05] {Threei}  stop under .50
[10:05] {dino} ups, fdx green
[10:06] {Threei}  should be good for 1:2 at least
[10:06] {dino} itri sm l .45
[10:07] {jfjf64} ty
[10:07] {jfjf64} magic man
[10:08] {dino} ctrp sm l .41
[10:08] {Threei}  1:1
[10:08] {Threei}  half out
[10:08] {Threei}  scalpers are scalpers
[10:11] {Threei}  scalpers win
[10:12] {nemo} s rim .49
[10:13] {nemo} I'm having real computer problems.
[10:13] {Threei}  need quotes?
[10:14] {Threei}  .28 RIMM
[10:14] {nemo} nah, covered .35 and .25 gonna reboot
[10:14] {Threei}  .25
[10:14] {Threei}  OK
[10:14] {jfjf64} cof
[10:14] {Threei}  LVS .50 break deserved short...
[10:14] {dino} stopped meli -.30
[10:15] {dino} stopped ctrp -.20
[10:15] {Les} let's grab the next bounce. I am totally out of sync today. need a score
[10:15] {dino} stop itri -.05
[10:15] {dino} gut says capit coming
[10:17] {Les} bp rig holding up well
[10:18] {dino} whr -20 pts in 9 days
[10:22] {dino} meli sm l .50
[10:22] {dino} itri sm l .09
[10:23] {jfjf64} bp
[10:23] {nemo} that was scary
[10:23] {Les} that was frickin frustrating
[10:23] {nemo} what?
[10:24] {Les} missing entries
[10:24] {dino} ctrp sm l .11
[10:24] {nemo} what I miss?
[10:24] {Les} me missing the entries
[10:27] {Threei} Long Setup:  LVS  .30 break if holding .20
[10:28] {Threei}  let's trail to under .25, was close enough to 1:1
[10:29] {Threei}  want to limit risk in case we get another sharp market drop
[10:31] {Threei}  out
[10:33] {Threei}  BP...
[10:34] {nemo} fcx short?
[10:34] {Threei}  holding just under 27 resistance well while market drops
[10:34] {Threei}  probably woprth a shot long
[10:34] {Threei}  if holding .90
[10:34] {Threei}  FCX, .10 break was... not here
[10:35] {nemo} yep
[10:35] {dptl} 30? bp
[10:35] {Threei}  lol, yes
[10:35] {Threei}  looking at may stocks at once
[10:35] {nemo} quite the battle at 58 on whoa
[10:35] {dptl} l 30 bp
[10:35] {nemo} was gonna say lose 58 sayonara
[10:36] {nemo} fcx that is
[10:36] {dptl} stopped
[10:36] {Les} that's it for me for the day
[10:36] {nemo} getting slammed les?
[10:37] {Les} yep
[10:37] {Les} realised that I needed to loosen up on entry/exit limits with such market speed but too late now
[10:38] {Les} and some stupid chasing just too top it off
[10:38] {nemo} chasing in volatility...got vaseline?
[10:38] {Threei}  why do you waste your papertrading experience?
[10:39] {Threei}  how many times we spoke of your questionable entries way above the trigger
[10:39] {Threei}  that is supposed to be training wheels stage
[10:39] {Threei}  where you lick out errors
[10:41] {hawk} bp?
[10:41] {nemo} wtf
[10:41] {nemo} bp
[10:42] {Threei}  BP Starts negotiations with an oil firm in China with regards to a stake in Argentina - Sky news
[10:42] {Threei}  assets sale...
[10:43] {Les} ok I'm still here
[10:44] {Les} don't want to miss possible afternoon rally. make amends
[10:45] {Threei}  AMAP IPO opens for trade at $13.00
[10:45] {nemo} oh...speaking of, how's tsla doing?
[10:47] {dino} whr hl .25 l
[10:49] {Les} ty dino out whr +.47
[10:50] {dino} finally hit one
[10:50] {Les} aaaaaaw maaaaaan
[10:50] {dino} out whr .99, +.74
[10:53] {larisa} wth, robin just slammed into my window and died :(
[10:54] {Les} no little birdy stickers on your window?
[10:55] {dino} bummer
[10:55] {dino} your windows are too clean
[10:55] {larisa} I guess windows are too clean, birds are crazy  this time of year. Love is in the air
[10:55] {larisa} lol dino
[10:55] {dino} les, whr\
[10:56] {Les} will follow it. 100 shares only today
[10:59] {nemo} look to short fcx .50 area?
[11:00] {Threei}  can't tell
[11:00] {nemo} not sure it will get there ;)
[11:01] {dino} since june 21st, dji -9%; ndx -12%, s/p -10.5%. pretty big drop for 8.5 trade days
[11:02] {Les} haven't even heard tomorrows bad unemployment report yet
[11:02] {nemo} that's probably baked in after today
[11:02] {Les} or perhaps the market has already worked it out
[11:02] {Les} right nemo
[11:03] {nemo} awww shit...Les agreed with me...
[11:03] {Les} sometimes you are a miracle of clarity
[11:03] {nemo} you like the divergences on fcx lari?
[11:04] {Threei}  IMO... market bounce time
[11:04] {larisa} sorry nemo, I am in another app right now, testing automated system in real time, do not see my indicators
[11:05] {nemo} another algo in the making
[11:06] {Les} lvs .90 if holding .80?
[11:06] {larisa} another idiot trying to make her life easier, living on the beach while comp makes her money :)
[11:06] {Threei}  yes Les
[11:06] {dino} gl
[11:06] {nemo} could be worse
[11:07] {Threei}  invalidated though
[11:07] {nemo} 3rd test fcx 57 area
[11:07] {Threei}  PAH3.GE Reportrs June US sales 2,141 v 902 y/y
[11:08] {Threei}  what recession?
[11:08] {Threei}  people are buying Porsches
[11:08] {Les} Bernanke was right
[11:10] {dino} new lows coming
[11:10] {Threei}  feels like headfake to me
[11:10] {nemo} yeah
[11:10] {dino} hmm maybe not
[11:10] {Threei}  threatening new lows only to snap right back up
[11:10] {nemo} this is about the time we head into the meandering market
[11:11] {nemo} fcx broke to new lows though
[11:12] {Threei} Long Setup:  LVS  .90 break
[11:12] {Threei}  if not losing .80 anymore
[11:12] {dino} sm l whr .30
[11:12] {dino} rimm sm l .15
[11:13] {nemo} I'm seeing that short dino, what's your stop?
[11:13] {dino} scanners hilighting lots of 52 week lows
[11:13] {dino} 33 cents
[11:13] {nemo} that may happen every day for awhile :)
[11:14] {dino} tsla drop
[11:14] {jfjf64} hmm
[11:14] {Threei}  you do know who is on TV, right?
[11:14] {nemo} Lady Gaga
[11:15] {jfjf64} brother
[11:15] {Les} Pamela Anderson
[11:15] {Threei}  umm... I don't even want to say "we wish"
[11:15] {nemo} no, she skeeves me
[11:15] {dino} mickey mouse
[11:15] {nemo} inr
[11:15] {Threei}  LVS is not a scalp IMO
[11:16] {Threei}  EU) ECB's Stark: Europe is not in a euro crisis, although there has been a loss of confidence in public finances
[11:17] {Threei}  my eventual target is about 21.30, with partials alng the way
[11:17] {jfjf64} vol coming in
[11:18] {Threei}  1:1
[11:18] {nemo} I scalped, thanks
[11:18] {Threei}  sure
[11:18] {jfjf64} half  out ty
[11:19] {Les} WHR out +.58 for 200.
[11:19] {dino} out whr .20,
[11:19] {jfjf64} wtg
[11:19] {dino} +.90
[11:19] {dino} tsla blood
[11:19] {dino} ty jf
[11:20] {Threei}  half out LVS here
[11:20] {Les} I screwed up today, but I didn't climb aboard TSLA at 30
[11:21] {ese} Is there anyone on this board who is comfortable at assessing volume?   Give me your take on NVDA      am thinking committing long money here
[11:21] {ese} Long term hold money......
[11:22] {nemo} how long term are you talking?
[11:22] {nemo} we don't use those words around here
[11:22] {ese} till about 23 bucks a share
[11:22] {nemo} when did you get in?
[11:22] {ese} i know......swear word
[11:22] {dino} wow, long term, ugh in this administration
[11:23] {ese} haven't gotten in.....
[11:23] {ese} been and out
[11:23] {ese} in and out
[11:23] {Les} half out 21 another quarter .10 ty vad
[11:23] {dino} safer imo
[11:23] {nemo} I don't see anything that says get in now
[11:23] {jfjf64} lvs
[11:23] {jfjf64} yeahhhhhhhhhhhhhhhhhh
[11:23] {nemo} TNA C&H Vad
[11:24] {nemo} ?
[11:24] {nemo} oy big spread
[11:24] {Threei}  1/4 more out LVS
[11:24] {Threei}  .18
[11:24] {ese} true nemo....just startin to think about it.....at minimum would like to see daily 50ma flatten out
[11:24] {Threei}  offering last portion .29
[11:25] {Threei}  probably nemo...
[11:25] {Les} all out .24
[11:25] {Les} ty vad, I can breath again
[11:25] {nemo} yeah, it went
[11:25] {Threei}  Les... welcome, but...
[11:25] {jfjf64} all out .24
[11:25] {nemo} Vad, LVS could go to .40
[11:25] {jfjf64} that was wonderful
[11:25] {jfjf64} hat off to ya 3i
06[11:26] * Threei takes a bow
[11:26] {Threei}  headfake read was perfect
[11:26] {Threei}  [11:10] {Threei} threatening new lows only to snap right back up
[11:26] {Threei}  superimpose the time of the comment on SPY chart
[11:27] {jfjf64} 3i takes another  bow
[11:27] {Threei}  last target hit LVS
[11:27] {Threei}  merrily out
[11:27] {jfjf64} crowd  goes  crazy
[11:27] {dino} cedc hl l .50
[11:27] {jfjf64} omg
[11:27] {gregns} ty
[11:27] {nemo} quite the groupie there jf
[11:28] {nemo} here comes .40
[11:28] {nemo} next target .60
[11:28] {Threei}  as a groupie he has one huge disadvantage...
[11:28] {nemo} male
[11:28] {Threei}  yeah :)
[11:28] {jfjf64} been called worse
[11:28] {Les} tried the grey goose yesterday
[11:29] {Les} a vodka is a vodka is a vodka
[11:29] {nemo} your out of your f______ mind!
[11:29] {dino} out rimm .65, +.50
[11:29] {Threei}  did you freeze the hell out of it or what
[11:29] {jfjf64} les is a les is a les is ales
[11:30] {jfjf64} lol
[11:30] {nemo} speaking of Grey Goose...
[11:30] {Les} I'll stick the bas armagnac and single malt
[11:30] {jfjf64} i prefer stoli
[11:30] {Les} do you put vodka in fridge?
[11:30] {dino} got rinsed on a few today
[11:30] {jfjf64} freezer
[11:30] {Les} ?
[11:31] {dino} i keep mine in freezer
[11:31] {nemo} put the vodka in the freezer les
[11:31] {Les} ok will try it
[11:31] {jfjf64} fresh lemon
[11:31] {ese} huh????  vodka in the freezer
[11:31] {jfjf64} yummy
[11:31] {dptl} lol....:)
[11:31] {ese} are you talkin Lemon cello
[11:32] {Threei}  IMO... vodka needs freezer only when it's crappy vodka
[11:32] {ese} that goes in the frezzer
[11:32] {jfjf64} na
[11:32] {Threei}  good vodka - chill, don't freeze
[11:32] {jfjf64} lk lemon cello
[11:32] {Les} I just can't get the oily flavour of vodka. not when it is warm anyway
[11:32] {nemo} oily?
[11:32] {dino} ?
[11:32] {Les} will try fridge first then
[11:32] {nemo} Vad, LVS on it's way to .60
[11:32] {ese} ?
[11:32] {dino} dry taste imo
[11:33] {jfjf64} what does a russian no bout  vodka
[11:33] {Les} can't describe texture any other way
[11:33] {Threei}  no idea nemo, my read on it is over
[11:33] {nemo} I just had a shot, and oily...nahhh
[11:33] {dino} but i must admit, i prefer a good tequilla, such as cabo or petrone
[11:33] {ese} ouuuuuuuu.....dp and vad are gonna getcha for that one
[11:33] {jfjf64} we talkin vodka nemo
[11:33] {nemo} yep
[11:34] {jfjf64} when is anually company picnic 3i
[11:34] {nemo} saturday
[11:34] {Les} index's consolidating for another possible run
[11:35] {Les} both at vwap
[11:35] {nemo} here comes .60 Vad
[11:35] {Threei}  thi Sat, jf
[11:35] {jfjf64} ya called it nemo
[11:35] {nemo} gave me .59
[11:35] {jfjf64} how come i wasnt invited
[11:35] {nemo} oh well
[11:35] {nemo} because you are you jf
[11:36] {Threei}  I annnounced here in the room...
[11:36] {Threei}  kind of open invitation
[11:36] {Threei}  now, if you were female groupie of mine, I'd extened it to persional invitation
[11:36] {Les} Europe down hard at closing
[11:39] {nemo} private lessons 3i?
[11:39] {Threei}  made myself listen to the speech for 3 min
[11:39] {ese} interesting mrkt reversal
[11:39] {Threei}  as fra as I can tell, case is being made for some variation od amnesty
[11:39] {Threei}  of
[11:39] {jfjf64} lvs
[11:40] {nemo} hit my .60 :)
[11:44] {dino} cedc to .74
[11:44] {Les} so vad, I had great trouble getting entry onto the opening trades
[11:44] {Threei}  how did you send orders?
[11:44] {Les} setting a limit of the break was not working for me
[11:44] {Les} limit
[11:45] {Threei}  limit at what price and what route used?
[11:45] {nemo} was your break, right at the break?
[11:45] {Les} nasdaq
[11:45] {Les} the usual price
[11:45] {dino} to .84
[11:45] {Les} +.01
[11:45] {Threei}  if the call was 20 break, what was yor limit price?
[11:45] {Les} .21
[11:45] {nemo} that's the problem
[11:45] {Threei}  1 cent is rarely enough
[11:46] {Les} saw that todayy
[11:46] {dino} make it .89, cedc
[11:46] {Threei}  give it 2-3 unless all you go for is 5 cents scalp
[11:46] {Threei}  if there are shares at +.01 you'll get them
[11:47] {Les} do we reduce size when chasing 2 - 3 cents?
[11:47] {Les} cause 1:1 is now significantly smaller
[11:47] {Threei}  depends on your risk tolerance
[11:47] {dino} to .95
[11:47] {Les} but stop much larger
[11:48] {Les} ok
[11:48] {Threei}  significantly smaller and much larger is discretionary... to me, couple cents don't change things much
[11:48] {Threei}  again, unless I go for scalp type I
[11:49] {Threei}  then yes, % change is too large
[11:49] {dino} out cedc slippage ave .92, +.42, puts me in the black after horrible start
[11:49] {Threei}  wtg dino
[11:50] {dino} lol, lucky
[11:50] {dino} ctrp to flat
[11:51] {Threei}  hey guys
[11:51] {Threei}  https://caratrading.com/content/cara-conference-2010-freeport
[11:51] {Threei}  you'll find me in there
[11:51] {Threei}  (not sure you want to but...)
[11:54] {larisa} does not work for me
[11:56] {dino} out ctrp .31, +.20
[12:01] {dptl} kss .40short?
[12:02] {nemo} amazing how down the market is with the walloping the $ took
[12:02] {Les} $POG too. bizarre
[12:05] {Threei}  not sure dp
[12:05] {dptl} ok
[12:09] {hawk} BP round trippin
[12:16] {Les} vad if STT returns to trigger, long entry?
[12:17] {Les} or this will fizzle out
[12:17] {Threei}  really can't tell
[12:18] {Threei}  look how market loast drive
[12:18] {Threei}  no rhythm
[12:18] {Threei}  this is that jellyfish time, when things drift aimlessly
[12:18] {Threei}  and you are bound to get stopped or profit at random
[12:18] {Les} yeh
[12:19] {Threei}  you dug yourself out of the hole,
[12:19] {Threei}  trust me:
[12:20] {Threei}  push now for more, and you will find yourself right back in it
[12:20] {Threei}  then you'll push again to dig out again, and will deepen it to twice the depth
[12:20] {nemo}  yeah, but then we can go fill the hole in with him in it
[12:21] {Les} hmmm
[12:22] {dino} but as a vampire it is no problem
[12:22] {nemo} not sure about that dino
[12:22] {dino} we sleep in the dirt
[12:22] {Threei}  well, as far as I know nemo, he will stand on the grave with wooden stake in hand
[12:22] {Threei}  waiting for resurrection
[12:23] {dino} hmmmm, tinking buffey the vampire slayer
[12:23] {Threei}  nemo is nowhere that pretty
[12:23] {dino} of course not, was hoping for buffey
[12:24] {Les} I was thinking uma thurman
[12:24] {Les} smashing her way out of grave in Kill Bill
[12:24] {dino} kill bill
[12:24] {Threei}  and all y'all got instead was another president TV appearance
[12:24] {Threei}  GR) Reportedly Greek labor union calls for another 24 hour strike on July 8
[12:25] {Les} god bless em. guaranteed to ruin the monetary union and persuade military to take power again
[12:28] {hawk} DNDN worth watching imo
[12:29] {nemo} alright, it's after lunch I can....
[12:29] {nemo} oh, forgot...already did
[12:30] {Les} way ahead of ya
[12:32] {Threei}  Mazda: May raise vehicle prices and cut incentives in Europe in order to offset decline in EUR - Nikkei news
[12:34] {ese} L nvda .19
[12:34] {Les} DNDN testing last MA resistance before clear sky to 30.40
[12:34] {dino} sm l itri .60
[12:34] {ese} swing trade....not long term
[12:35] {dino} gs spike
[12:37] {Les} l dndn .23 small
[12:38] {Threei}  did that video work\ for you guys?
[12:38] {Les} yeh cool beans
[12:39] {hawk} yes, saw you shaking your fist at your onlookers ;)
[12:39] {Les} that was nemo
[12:39] {nemo} wasn't there
[12:40] {Les} well you don't have to spoil the amusing visual
[12:40] {Threei}  that's my normal method of teaching hawk, light mode - meaning, no 2x4
[12:41] {hawk} lol, no army boots either?
[12:41] {Threei}  yup... very light
[12:41] {Threei}  tropics, ya know...
[12:41] {Threei}  relxed
[12:41] {Les} out dndn +.26
[12:41] {nemo} so much for meandering
[12:42] {Les} like to see dndn pullback
[12:43] {dino} hmmm
[12:44] {Les} whr - sick price movement
[12:44] {dino} yeah, pulp type
[12:44] {ese} out nvda .34
[12:45] {ese} +.15
[12:45] {dino} out itri .34, +.74
[12:45] {ese} moderate pos 3k......don't trust the mrkt
[12:46] {ese} hey dino.......golf?    do you use a range finder...bushnell perhaps
[12:46] {dino} no, just my eyes and markers
[12:47] {ese} yes same here....couple of the guys i golf with sat morning do....they drive me nuts
[12:47] {dino} i couldn't putt last night, bunch of 3 putts
[12:48] {ese} have eliminated that the last 3 games or so......it'll come back though
[12:48] {dino} it should, my putting was better than usual this year
[12:49] {dino} shot a 7 over on sunday
[12:49] {dino} normally about 12
[12:55] {Les} what's the bet? rally and green into close?
[12:56] {Threei}  this must be the most bizarre thing I've read today:
[12:56] {Threei}  Finland makes broadband access a human right
[12:57] {dino} green
[12:57] {hawk} free speech, bear arms, and...broadband access, hmmm
[12:57] {Les} prisoners must be happy to have right to cable tv...
[12:58] {dino} what do bear arms have to do w/it?
[12:58] {hawk} lol, the right to arm bears
[12:58] {nemo} hawk...it's finland
[12:59] {Les} small long dndn .53 stop below .40
[13:05] {Les} sold +.09 fearful of sudden drop here
[13:13] {Threei}  Toshiba Corporation Planning to open a factory in US for manufacturing electric vehicle motors for Ford
[13:17] {Threei}  US) IEA Chief: If US drilling ban lasts longer than six months, idle rigs should be moved to other countries to discover oil
[13:18] {Les} lol can u take a hint Obama?
[13:18] {Threei}  how come we haven't heard of flying bans after plane crash
[13:18] {Les} cause that'd pi&& off the electorate
[13:19] {Les} Obama can play tough guy with bad people associated with Republican administration
[13:20] {Threei}  if I hear once again "it's all inherited problem"...
[13:21] {Les} that'll be marked on Obama tombstone
[13:22] {Les} obama's
[13:22] {Threei}  after all, you sold yourself as "I know what to do" guy, not "Things are screwed up so badly, no one can do anything"
[13:23] {Threei}  somehow you didn't try to run on this later platform
[13:23] {Les} no, that's the reelection platform
[13:25] {dino} blame game, him and his demo legislators
[13:26] {Les} they'll keep playing it as the world burns. some fascist will come along, take power and blame democracy
[13:27] {Threei}  that's hw these things usually go
[13:28] {Les} just finished watching BBC world at war and French WW2 series Apocolypse
[13:28] {Les} I see no reason we cannot repeat this experience on at least limited scale
[13:28] {Les} if govts. continue as is
[13:30] {dino} things get bad enough yes
[13:30] {ese} have yet to see that bbc series but definately want to
[13:31] {Les} given that bbc series is made in 70's is amazing
[13:31] {Les} the french series is relatively new - has incredible video footage of the war
[13:31] {ese} hmmmmm......you just rent that at a video store
[13:31] {Les} New York filmed at night through periscope of German submarine
[13:32] {ese} wow
[13:32] {Les} Japanese naval airman commiting suicide with grenade
[13:32] {Les} the Yalta agreement
[13:33] {jfjf64} lvs fillin gap
[13:35] {dino} itri sm l .02
[13:37] {Les} http://miburl.com/9ZaNgp
[13:37] {Les} it's available stateside and amazing to watch
[13:37] {nemo} too funny....http://www.ritholtz.com/blog/2010/07/the-100-greatest-movie-insults-of-all-time/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29
[13:37] {Les} lot of Russian footage, a good look at stalin during the war. SOB he was
[13:46] {Threei}  mass murderer
[13:51] {dino} y
[13:53] {Threei}  there is a great book that will help understand what he was, why and how his mind functioned, Les
[13:53] {Threei}  written by Edward Radzinsky
[13:53] {Threei}  titled uninventviely: Stalin
[13:53] {Threei}  page-thruner too
[13:54] {Threei}  can't put it down
[13:55] {Les} can only see title "stalin and stalinism", not just "stalin"
[13:55] {Threei}  http://www.amazon.com/Stalin-Edvard-Radzinsky/dp/0553474030
[13:56] {Threei}  http://www.amazon.com/Stalin-depth-Biography-Explosive-Documents/dp/0385479549/ref=sr_1_2?ie=UTF8&s=books&qid=1278006966&sr=1-2
[13:59] {Les} bought a 2nd hand copy thanks.
[13:59] {Threei}  you'll love it
[14:03] {nemo} BP
[14:04] {ese} L stx .36
[14:04] {ese} agressive entry
[14:07] {nemo} bp .28 break Vad?
[14:07] {Threei}  I doubt it
[14:07] {nemo} frickin pessimist
[14:08] {Threei}  lol
[14:08] {nemo} ;)
[14:08] {Threei}  be back in 20... I need to ponder that
[14:08] {nemo} hehehehehe
[14:08] {Threei}  possible review my whole life attitude
[14:08] {nemo} why?
[14:08] {Threei}  shouldn't be longer than 20 min
[14:08] {nemo} it got you this far....
[14:09] {Threei}  that's OK, I do it every few days
[14:09] {nemo} invalimudated
[14:09] {nemo} nevermind
[14:09] {nemo} you're attitude was right
[14:10] {nemo} support at 29 on BP
[14:10] {Les} lvs 22
[14:11] {nemo} How about BIDU break of .50 has to hold .40?
[14:11] {nemo} nevermind, dripped that
[14:11] {nemo} dropped
[14:14] {nemo} Hey Vad...we shoulda' faded that BP call :)
[14:14] {nemo} oh and of course BIDU rinsed the invalidation
[14:15] {nemo} I'm starting to feel like Les.
[14:15] {nemo} Oh...where's my gun
[14:16] {Les} pulled out an episode of world of war. Marine pacific campaign
[14:16] {ese} out stx .45
[14:16] {nemo} World at War?
[14:16] {ese} +.09
[14:17] {nemo} I remember when that was originally released in the 70's
[14:17] {ese} nice day....patience pays off
[14:17] {Les} yeh that too.
[14:17] {Les} well you really are old nemo
[14:17] {nemo} arguably
[14:18] {ese} I mean......not patience....she didn't give me any money......ahhhhhh
[14:19] {ese} it was the mrkt......i swear.......
[14:19] {gregns} thks ese for that stx
[14:19] {ese} welcome
[14:20] {gregns} thank you to all for taking the time to share their trades !
[14:20] {ese} that sounded like vad......."welcome"
[14:20] {hawk} lol, i thought that too ese
[14:21] {ese} wha da ya think........i could be vad maybe.....hmmmmmmmm
06[14:21] * nemo slaps ese around a bit with a large mirror
[14:21] {nemo} I think not
[14:21] {gregns} naw you spell too well
[14:22] {dino} lol
[14:23] {ese} sheeeeesh......everyones a critic
[14:24] {nemo} why don't you go spank a few skins :)
[14:25] {ese} well.........ok
[14:26] {nemo} :)
[14:26] {dino} whr channel, around .00-.40
[14:26] {nemo} you'll have more time to practice now that school is out
[14:29] {Les} resistance is .46 dino support just under 85. a market break either way...
[14:32] {Threei}  back
[14:32] {nemo} So....
[14:32] {nemo} have you changed your outlook?
[14:33] {Threei}  twice
[14:33] {Threei}  so I am back where I started
[14:33] {nemo} guess that's progress
[14:33] {Threei}  wasted time, but enjoyed the process
[14:33] {nemo} I'll have a shot for you
[14:35] {Threei}  RMBS Ticking higher on renewed takeover chatter (timing uncertain) (17.62, +0.10, 0.57%)
[14:41] {dino} whr sm l .04
[14:43] {dino} no good  stopped
[14:45] {ese} you notice i tried to pass myself off a s you vad with my "welcome" comment.......the board was onto me right away.....couldn't get away with it
[14:46] {Threei}  you may look more credible if spell it as velkome
[14:46] {ese} rats......your right
[14:46] {Threei}  kredible too...
[14:46] {ese} what an amateur error
[14:51] {dptl} ccl short?
[14:52] {Threei}  I think so
[14:52] {dptl} .98?
[14:52] {Threei}  just 31 break
[14:52] {Threei}  if market continues down and if stays under .10
[14:52] {dptl} ok ty
[14:55] {dino} sm l whr .62
[15:03] {dino} out whr .22,
[15:03] {dino} +.60
[15:03] {hawk} nice
[15:05] {dino} ty
[15:05] {Les} HAL read vad?
[15:06] {Les} .06 long if holding 25?
[15:06] {Threei}  mess
[15:06] {Les} ok
[15:09] {nemo} spy probably tests the morning highs at 103.50
[15:09] {dino} took awhile but out itri .53, +.51
[15:10] {Les} PG .50 b/d if holding .60?
[15:10] {Threei}  rather yes
[15:19] {dptl} s pg .49
[15:20] {nemo} or go long on break above stop
[15:28] {Threei}  Ok guys, with your kjind permission I'll leave for Canada day party
[15:28] {Threei}  my view is,
[15:28] {hawk} take off eh
[15:28] {nemo} yeah...our permission...right
[15:28] {nemo} just go...skip the excuses
[15:28] {Threei}  market will do nothing, with slight negative bias till close
[15:28] {nemo} have a nice day
[15:28] {nemo} drink like fish
[15:29] {Les} pg covered flat
[15:29] {Threei}  hacve a good evening, see ou tomorrow
[15:29] {Les} yeh market pi&&ing me off. c u's tomorrow
[15:30] {dino} cya
[15:30] {dino} i feel one more good trade coming