Sep 27 2010

Strong and productive day, with 5 wins out of 6 calls, then 2 more discretionary - both profitable. The chart below is one of the calls, very generic setup - and this is exactly the point. When this kind of "bread and butter" setups work consistently, we are in the nice traders market. Annotations help to decipher it, click for larger view (Oh, and is it irony or what, that upon return fro m Las Vegas my first two plays are MGM and LVS!)

Session Time: Mon Sep 27 00:00:00 2010
[08:30] {Threei}  *(US) AUG CHICAGO FED NATIONAL ACTIVITY INDEX: -0.53 V -0.50E
[08:38] {dino} gm all
[08:38] {Threei}  dino :)
[08:40] {dino} welcome back 3i, tryst that you had a good trip
[08:40] {nemo} He had a tryst to?
[08:40] {nemo} too
[08:40] {Threei}  ty
[08:41] {Threei}  very good, except for the heat
[08:41] {Threei}  vegas is not for me this time of the year
[08:42] {Threei}  EUR/USD Approaches 1.35 ahead of NY equity open
[08:48] {dino} lol nemo, tryst=trust. my bad
[09:06] {Threei}  (GR) Greece Fin Min Papaconstantinou: Expects growth by the end of 2011; no extension of MOU with EU and IMF
[09:07] {Threei}  oh btw... if anyone is planning on visiting vegas anytime soon, fair warning:
[09:08] {Threei}  whatever you do, do not talk about current president in any kind of positive terms... that'll get you in troubles quicker than attempt to cheat at the card table
[09:09] {Threei}  he made very few friends in that city with his remarks about companies setting conferences in there
[09:11] {dino} he deserves that
[09:11] {Threei}  couple quick impressions from this visit:
[09:12] {Threei}  1. vegas is hit very very hard... beyond anything I imagined
[09:13] {Threei}  2. the segment between Monte Carlo and Belagio, where they erected new hotels/casino/boutiques, became completely pedestrian- unfriendly
[09:13] {Threei}  3. audience is very different from what I used to see on seminars:
[09:14] {Threei}  much older, no one under 30, very few under 40, a lot above 60
[09:14] {Threei}  and when asked how many intend to day trade - about 90% raise their hand
[09:16] {RonS} (Reuters) - President Barack Obama said on Monday the United States must accelerate job growth, but he said the country was not experiencing a "jobless recovery" as it pulled out of a recession.
[09:16] {RonS} gm all
[09:16] {Threei}  Ron :)
[09:17] {ese} morning....welcome back vad
[09:17] {Threei}  hi ese, thank you
[09:18] {Threei}  I was so happy to see clouds as plane approached Seattle... can't stand this relentless heat in Vegas
[09:20] {lilyd} good morning!
[09:20] {Threei}  lily :)
[09:25] {Threei}  I see market did a moonshot
[09:26] {jfjf64} welcme bk 3i
[09:26] {Threei}  ty jf
[09:27] {jfjf64} mgm  quite the mover pre mkt
[09:29] {Threei}  MGM MGM China Holdings files for a proposed listing application with the Hong Kong stock exchange - filing
[09:29] {jfjf64} ty
[09:29] {Threei}  11 break looks interesting
[09:30] {Threei}  and LVS break of 34
[09:31] {Threei}  (EU) ECB's Trichet: Needs a system of oversight and transparency; Regulation differences with US would create issues - Q&A session (related EUR/USD EUR/GBP EUR/JPY BUNDS )
[09:31] {Threei} Long Setup:  MGM  11 break
[09:32] {Threei}  stop for scalpers under .95
[09:32] {Threei}  day traders .90
[09:34] {Threei} Long Setup:  LVS  .95 break
[09:34] {Threei}  if stays above .85
[09:34] {Threei}  over 1:1
[09:34] {Threei}  that was fast
[09:35] {Threei}  1:2
[09:37] {dino} shld drop
[09:37] {dino} ed's getting hit
[09:38] {jfjf64} rig   monster
[09:38] {Threei}  MGM, half out
[09:38] {Threei}  .14
[09:38] {Threei}  over 1:1
[09:38] {Threei}  LVS 1/4 more out .25
[09:39] {Threei}  MGM gave beautiful second chance entry for those who missed original break
[09:40] {jfjf64} went  in  11.00
[09:40] {jfjf64} ty
[09:40] {Threei}  stop to b/e MGM and to 34.10 LVS
[09:41] {Threei}  done with LVS for now
[09:41] {Threei}  RIG
[09:41] {Threei}  interesting pullback
[09:41] {jfjf64} watchin
[09:41] {Threei}  prepare smaller shares
[09:41] {Threei}  quick dive under .50,
[09:41] {Threei}  little base and recross
[09:41] {Threei}  this is the idea
[09:42] {daviddrosenfeld} Out MGM +.11
[09:42] {Threei}  david :)
[09:44] {Threei}  RIG got away
[09:44] {Threei}  turns into short now actually...
[09:45] {Threei}  .20 break smaller shares
[09:45] {Threei}  if stays below .35
[09:45] {Threei}  1:1
[09:45] {Threei}  1:2
[09:45] {Threei}  cover
[09:46] {jfjf64} nice
[09:46] {jfjf64} welcome  bk
[09:46] {jfjf64} no  more  vacations
[09:46] {Threei}  lol
[09:46] {Threei}  why
[09:47] {jfjf64} hmmm
[09:47] {Threei}  see how effectively I function after that
[09:47] {jfjf64} lol
[09:47] {jfjf64} true
[09:47] {Threei}  and hey, it was hard work
[09:47] {Threei}  for whole 45 minutes of my presentation
[09:47] {jfjf64} bet  ya were  biten  at  the  bit
[09:47] {jfjf64} to  get  bk  to  work
[09:48] {jfjf64} im  still in  mgm
[09:48] {jfjf64} u
[09:48] {Threei}  yes
[09:48] {Threei}  half
[09:48] {jfjf64} k
[09:48] {jfjf64} y
[09:48] {jfjf64} stop??
[09:49] {jfjf64} .08
[09:49] {Threei}  well
[09:49] {Threei}  depends
[09:49] {Threei}  I'd prefer to keep it under 11 still
[09:49] {Threei}  and trail when it makes new high
[09:49] {jfjf64} reason??
[09:51] {dino} cis spike
[09:52] {jfjf64} watchin  bidu
[09:53] {ese} L hpq .26
[09:53] {ese} 1/2
[09:54] {ese} damn loaded it wrong....wanted full lot
[09:55] {ese} out ..38 +.12
[09:56] {Threei}  so far so good
[09:56] {Threei}  3:3
[09:57] {Threei} Long Setup:  RIG  62.10, smaller shares
[09:57] {Threei}  if stays above .90
[09:58] {Threei}  invalidated
[09:59] {Threei}  change of plans
[09:59] {Threei} Short Setup: RIG  .85
[10:00] {Threei}  if stays under 62
[10:00] {Threei}  smaller shares remember
[10:00] {Les} now who's changing their mind after 45 seconds? :)
[10:01] {Threei}  not me... full 1 min and 15 seconds
[10:01] {Threei}  no go anyway
[10:01] {Threei}  MGM last portion is closed
[10:01] {Threei}  back to cash, waiting for the next play
[10:02] {jfjf64} hmm
[10:02] {jfjf64} dont  think  i  ever  heard  ya  say  that
[10:02] {jfjf64} back  to  cash
[10:02] {Threei}  which part?
[10:02] {jfjf64} lol
[10:03] {Threei}  well, there were two plays with partials
[10:03] {Threei}  even three if count RIG first short
[10:03] {jfjf64} k
[10:03] {Threei}  and they were closed one by one, so indicated the moment of total getting out of all positions
[10:03] {jfjf64} dont  get  angry
[10:03] {Threei}  huh?
[10:04] {jfjf64} lol
[10:04] {jfjf64} dont  mindd me
06[10:04] * Threei slaps jfjf64 around a bit with a large box of pent-up anger
[10:04] {jfjf64} up  late
[10:04] {jfjf64} watchin
[10:04] {jfjf64} J
[10:04] {jfjf64} E
[10:04] {jfjf64} T
[10:04] {jfjf64} S
[10:04] {jfjf64} JETS
[10:05] {dino} yeah baby
[10:05] {jfjf64} lookin  good
[10:05] {dino} indeed
06[10:05] * Threei send jfjf64 Alka Seltzer
[10:06] {jfjf64} please
[10:06] {dino} scvl l .00
[10:06] {jfjf64} lot  of  sushi
[10:06] {jfjf64} feel  sick indeed
[10:07] {Threei} Long Setup:  RIMM  .60 break half lot
[10:07] {jfjf64} mornin  nemo
[10:07] {Threei}  if stays above .50
[10:07] {jfjf64} very  quiet
[10:08] {nemo} not trading, doing other stuff
[10:08] {nemo} watching my hard drive defrag
[10:08] {Threei}  that must be highly entertaining
[10:09] {jfjf64} my  thoughts  exactly
[10:09] {dino} lol
[10:09] {nemo} kinda' like zen meditation
[10:09] {daviddrosenfeld} In scvl .00
[10:10] {jfjf64} comon  rimm
[10:10] {dino} thin and gappy ddr
[10:11] {Threei}  invalidated
[10:11] {Threei}  SCVL?
[10:11] {Threei}  why?
[10:11] {daviddrosenfeld} Dino scvl stop?
[10:12] {dino} 13 cents
[10:12] {Threei}  you guys love high adrenalin eh?
[10:15] {daviddrosenfeld} I just follow Dino because it's a cool name
[10:15] {jfjf64} lol
[10:15] {Threei}  well... there are more reasons to follow him actually, lol
[10:16] {jfjf64} keep  ya  stops
[10:16] {Threei}  just remember that his plays are high risk for the most part
[10:16] {Threei}  so keep your shares reasonable
[10:19] {jfjf64} 3i question
[10:19] {dino} out scvl .12 +.12
[10:19] {jfjf64} intelliscan
[10:19] {jfjf64} all scans  are  set up  for  5  min  charts
[10:20] {jfjf64} correct
[10:20] {Threei}  not necessary
[10:21] {Threei}  check the setting for each particular alert under: configure - window specific filters
[10:21] {jfjf64} dont seem  lk  1  min charts
[10:21] {jfjf64} k
[10:22] {Threei}  and Select alerts
[10:22] {Threei}  there are too many variations to answer generic
[10:22] {Threei} Long Setup:  LVS  .10 break
[10:23] {Threei}  stop under 34
[10:23] {Threei}  for scalpers under .05
[10:25] {Threei}  scalpers have 1:1
[10:25] {Threei}  we however despise those pesky creatures, right?
[10:25] {Threei}  day traders 1:1, half out
[10:25] {Threei}  stop to under .10 for the balance
[10:26] {Threei}  that's 4 for 5 today... can I go home?
[10:27] {Threei}  SVNT Hearing vague takeover chatter circulating
[10:30] {Threei}  picture oerfect so far, LVS
[10:30] {Threei}  perfect too
[10:30] {Threei}  1:2
[10:30] {Threei}  1/4 more out
[10:30] {Threei}  1:3
[10:31] {Threei}  *(US) SEPT DALLAS FED MANUFACTURING ACTIVITY: -17.7 V -7E (related EUR/USD SPY SHY )
[10:31] {Threei}  was it a perfect play or what
[10:31] {Threei}  anyone took it, or I leave these premises immediately?
[10:31] {jfjf64} lol
[10:31] {jfjf64} ty
[10:32] {Threei}  you did, or you are just saying that?
[10:32] {jfjf64} i  did
[10:32] {Threei}  OK, jf stays
[10:32] {strider} I did, but I'm just saying that.
[10:32] {Threei}  hmmm
[10:32] {jfjf64} lol
[10:32] {Threei}  I am easily confused
[10:33] {lilyd} I did, but just the first part
[10:33] {jfjf64} stop  thinkin
[10:33] {daviddrosenfeld} Out scvL +.12
[10:33] {strider} lily just took the profit, but not the risk.
[10:33] {Threei}  ty lily... I feel useful
[10:34] {jfjf64} vegas  good 4  ya
[10:34] {Threei}  well... more useful than I did 5 min ago
[10:34] {lilyd} lily is still at only 50 shares - I think if I tried to split it up, I would have trouble even making back the commission
[10:35] {Threei}  true, but paper trade this kind if you intend to learn partialojng out and apply it with bigger shares
[10:37] {lilyd} I'm just not good at papertrading - I can't keep my focus up w/o it being 'reality trading'
[10:37] {Daviddrosenfeld} Gj Dino
[10:37] {jfjf64} process
06[10:37] * strider slaps lilyd around a bit with a large magnifying glass
[10:38] {jfjf64} wynn
[10:38] {jfjf64} bounce??
[10:38] {dino} thx ddr
[10:38] {jfjf64} ddr
[10:39] {dino} watching isln
[10:39] {jfjf64} lk it
[10:39] {jfjf64} lol
[10:40] {jfjf64} 5/6  today  3i
[10:40] {jfjf64} nice
[10:41] {Threei}  hmmm
[10:41] {Threei}  my math is off?
[10:41] {Threei}  I counted 4:5
[10:41] {jfjf64} maybe  mine
[10:41] {jfjf64} u right
[10:42] {jfjf64} drys
[10:42] {jfjf64} remember drys
[10:42] {jfjf64} lol
[10:43] {jfjf64} that  was  a  go  to  guy  last  yr
[10:45] {jfjf64} wynn  makin  nice  base
[10:45] {jfjf64} .30 break
[10:45] {ese} L mchp .19
[10:45] {jfjf64} ??
[10:45] {Threei}  not my cup of tea, jf
[10:47] {Les} RIG creep up
[10:47] {jfjf64} watchin
[10:47] {Threei}  POT Reportedly US judge rejects BHP request to block Potash request to block merger (146.44, +0.44, 0.30%)
[10:48] {strider} MGM
[10:49] {RonS} ...what does a US judge have to do w/ any of it?
[10:49] {Threei}  watching MOS
[10:51] {Threei}  Ron, it must be a case of "Ukraine and Ivory Coast signed an agreement about peace between Argentina and Mongolia"
[10:51] {Threei} Long Setup:  MOS  .05 half lot
[10:51] {Threei}  if stays above .95
[10:53] {Threei}  1:1
[10:53] {jfjf64} nice
[10:56] {ese} question vad......that one didn't have as much volume as what is normally customary for you..........was it just price action then?
[10:56] {Threei}  MOS you mean?
[10:56] {ese} ya
[10:56] {Threei}  1:2
[10:56] {Threei}  me out
[10:56] {ese} nice one
[10:56] {Threei}  well, it's not like it's a low volume puker, over 1 millions shares alreadt
[10:57] {Threei}  it's a bit thinner than most of my plays
[10:57] {ese} ok
[10:57] {Threei}  that's why 1/2 lot alert
[10:57] {ese} gottcha
[10:57] {ese} just wondering....usually T&S is going like crazy when you get in
[10:58] {Threei}  that's normal for regfular entry
[10:58] {Threei}  it's the shortcoming of it
[10:58] {Threei}  remember three kinds of entries
[10:58] {Threei}  and their advantages and shirtcomings?
[10:58] {jfjf64} lvs  vol
[10:58] {ese} yup
[10:59] {jfjf64} 3  kinds  entrries
[10:59] {jfjf64} ?
[10:59] {Threei}  I caught up with jf's math... 5:6
[10:59] {jfjf64} lol
[10:59] {Threei}  hold on jf, will give you url
[10:59] {ese} am liking this slow climb of mchp
[11:00] {Threei}  http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html
[11:05] {jfjf64} thanks  3i
[11:09] {jfjf64} aig
[11:09] {jfjf64} 5  min  looks  nice
[11:09] {lilyd} that's good info to remember
[11:10] {Threei}  37 break was perfect on AIG but I wasn't watching it at the time
[11:10] {jfjf64} yes
[11:10] {jfjf64} guess  jbi
[11:10] {jfjf64} correct
[11:11] {jfjf64} bammmmmmmmmmmmmmmmmmmmmmm
[11:15] {Les} rig vad. . 70 b/d?
[11:15] {Les} yeh
[11:15] {Threei}  ummm
[11:15] {Threei}  yes
[11:15] {Threei}  lol
[11:15] {RonS} dino, rdwr suferring a downgrade today. The thing is pulpy but I can't seem to get a bead on direction.  Thoughts?
[11:16] {dino} let me see
[11:16] {jfjf64} wynn
[11:16] {jfjf64} lod
[11:17] {dino} would like a re-test of lod area
[11:17] {dino} tnc l .65
[11:17] {jfjf64} d/b
[11:17] {dino} y
[11:21] {ese} out mchp even
[11:23] {nemo} Ron Dcc
[11:25] {jfjf64} look  aig
[11:25] {dino} partial l isln .81
[11:26] {Threei}  I don't want to
[11:26] {Les} RIG vad, threatening to break out?
[11:27] {Threei}  low probability play
[11:27] {Les} or put me to sleep watching
[11:27] {Les} right
[11:28] {jfjf64} luv
[11:28] {jfjf64} strong
[11:29] {jfjf64} nem
[11:29] {dino} luv buying aai
[11:30] {jfjf64} d/b
[11:31] {dino} mtb deathroll
[11:36] {Les} frikin RIG
[11:36] {Les} Ooh
[11:36] {dino} stop isln -.20
[11:36] {ese} is that your term for an upside dn cup looking pattern dino.....funnny
[11:37] {dino} it is now
[11:37] {Threei}  (CA) Canadian Fin Min Flaherty: 98% of stimulus funding has already been committed, stimulus spending has boosted Canada GDP by 1.5 percentage points per quarter
[11:38] {Threei}  - Reiterates stimulus programs will not be extended past March, 2011 expiration date
[11:38] {Les} how much spent?
[11:38] {Threei}  peanuts vs USA
[11:39] {Threei}  $40-billion stimulus package over two years
[11:42] {Les} ok
[11:42] {Les} rig 63 was a nice fade, following the shooting star
[11:44] {Les} what's market vol like vad?
[11:45] {nemo} dow is 35% below normal
[11:45] {nemo} nas is nominal
[11:45] {Les} apol dino. pulling itself of lod?
[11:45] {nemo} s&p is about 15% below
[11:45] {Les} ty sir
06[11:46] * nemo falls on floor
[11:46] {dino} dk apol, look esi, cpla too
[11:46] {Les} esi maybe too
[11:46] {Les} yeh
[11:51] {daviddrosenfeld} Anyone short gold?
[11:52] {dino} rovi
[11:52] {Threei}  as a day trade? or you have something longer term in mind?
[11:53] {daviddrosenfeld} Gold may have peaked here and Has huge quick drops
[11:54] {Threei}  well
[11:55] {Threei}  it's a "may have" part that scares me :)
[11:55] {Threei}  my view on this is:
[11:55] {Threei}  I do believe gold will peak soon, and will kill a lot of goldbugs in the process,
[11:55] {daviddrosenfeld} Agreed.
[11:56] {Threei}  but there is one big but:
[11:56] {nemo} POMO
[11:56] {Threei}  these things tend to happen in a very chaotic unpredictable and, one could say, violent way
[11:56] {Threei}  and one of the manifestations of such violence is extreme spike
[11:56] {RonS} segway owner "may have' needed a parachute...
[11:57] {Threei}  killing premature shorts
[11:57] {Threei}  before finally reversing
[11:57] {Threei}  think of it this way:
[11:57] {Threei}  do you know many bubbles that brusted in a slow orderly way?
[11:57] {Threei}  I know of none,
[11:57] {patience} david, i'm heavily into gold.  my plan is to exit all positions by mid-week....
[11:58] {Threei}  all of them did a violent expolsive move firast
[11:58] {dino} itc
[11:58] {daviddrosenfeld} Only in retrospect:P
[11:58] {Threei}  so the question becomes,
[11:58] {Threei}  whether we had such move uet
[11:58] {Threei}  and how you read it if and when it comes
[11:58] {Threei}  this is where my firm conviction is:
[11:58] {Threei}  attempt to catch the top on the way up is a suckers game
[11:59] {Threei}  pro will let it top out,
[11:59] {daviddrosenfeld} Good.  Ty
[11:59] {Threei}  reverse,
[11:59] {Threei}  confirm the top by any of known technical setups,
[11:59] {Threei}  double top, lower highs, eyc
[11:59] {Threei}  and enter his short position after the reversal,
[11:59] {Threei}  missing exact top of course
[11:59] {Threei}  and leaving amateurs to try and catch that exact top
[12:00] {Threei}  there is no fault in that,
[12:00] {ese} L holx .00
[12:00] {Threei}  when trend reverses, it will go far far down
[12:00] {Threei}  remember oil at 150?
[12:00] {Threei}  who the heck could think back then that it was gopijg to drop to 40?
[12:02] {dino} all those early dead shorts
[12:07] {Les} APOL 49 break?
[12:07] {Threei}  looks right to me
[12:07] {Threei}  time of the day is wrong, the rest is right
[12:08] {dino} markets slow imo
[12:12] {dino} out tnc .78, +.13
[12:17] {daviddrosenfeld} In holx .00
[12:17] {Threei} Long Setup:  MOS  .90 break
[12:17] {Threei}  half lot
[12:19] {Threei}  let's recalibrate
[12:19] {Threei}  .80 break
[12:20] {Threei}  invalidated , looking for better entry
[12:21] {dino} hrbn
[12:22] {Threei}  .75 break if holding .65
[12:22] {RonS} GE And Harbin Electric Form Joint Venture To Manufacture Wind Turbines       09/27 10:20 AM
[12:24] {dino} ahhh
[12:26] {RonS} btw my news quotes are timed at mdt...
[12:27] {Threei}  something strange about this news
[12:28] {Threei}  I am not 100% sure HRBN and Harbin Electric from this press release are the same company
[12:30] {daviddrosenfeld} Mos invalidated?
[12:31] {Threei}  for now, yes
[12:31] {Threei}  may form something new but so far, didn't
[12:38] {Threei}  Preview: (US) Treasury's $36B 2-year note auction results due just after 13:00ET
[12:48] {dino} dndn
[12:48] {kowboy} dndn
[12:49] {Threei}  no news still
[12:53] {Threei}  hmmm
[12:53] {Threei}  tempting, but don't want to dive in without news
[12:53] {Threei}  could be a looong way down
[12:58] {daviddrosenfeld} out holx +.12
[12:58] {dino} gj
[12:58] {dino} pgn
[12:58] {Threei}  DNDN Hearing weakness attributed to comments out of Deutsche Bank (41.34, -1.24, -2.91%)
[12:58] {Threei}  that's all?
[12:59] {Threei}  PGN Halted; circuit breaker (43.50, -1.06, -2.38%)
[12:59] {Threei}  - Deutsche Bank commented on meeting of Centers for Medicare and Medicaid Services (CMS) to consider the impact of labeled and unlabeled use of autologous cellular immunotherapy treatment on health outcomes of patients with metastatic prostate cancer.
[13:03] {Threei}  *(US) TREASURY'S $36B 2-YEAR NOTE AUCTION DRAWS: 0.441%; BID-TO-COVER RATIO: 3.78 V 3.12 PRIOR AND 3.14 AVG OVER LAST 10 AUCTIONS
[13:03] {Threei}  - Indirect bidders take 39% of competitive bids, direct bidders take 11%
[13:05] {Les} someone thinks inflation is dead. .44% over 2 years...
[13:05] {Threei}  ?
[13:05] {Threei}  44% oinflation?
[13:05] {Les} the yield
[13:06] {Threei}  sorry, lost me
[13:06] {dino} otix
[13:06] {Les} .44% is yield on notes over 2 years, no?
[13:07] {Threei}  oh
[13:07] {Threei}  lol, sorry
[13:07] {Threei}  I missed .
[13:07] {Les} oh I see no not fallen off my branch yet with senility
[13:07] {Threei}  looking at what you type and thinking: 44% inflation? I want what this guy is smoking
[13:08] {Les} hehehe
[13:08] {Les} but I wouldn't be betting on just half a percent inflation in 2 years
[13:08] {Threei}  darn... I thought you foung the really good stuff
[13:09] {dino} isln l .21
[13:11] {Les} RIG 63 b/d?
[13:12] {Les} or 2 way play?
[13:12] {Threei}  most likely 2 ways'
[13:12] {Threei}  .15 break being trigger
[13:14] {Les} wish the market would be a little more active
[13:14] {dino} skx l .49
[13:14] {Threei}  come on, morning was a beauty
[13:14] {Les} wasn't here. so the morning was good was it?
[13:15] {Les} Dave still has no word on the account...
[13:15] {Threei}  doesn't 5 for 6 tell you that
[13:15] {Les} yep
[13:17] {Threei}  HRBN...
[13:17] {Threei}  the thing is horribly volatile,
[13:17] {Threei}  but it hasd a chance of another run
[13:22] {Les} RIG about ready
[13:24] {Les} sigh. gotta run. c u's tomorrow
[13:25] {dino} cya
[13:25] {Threei}  take care Les
[13:34] {Threei}  MS Fox News's Gasparino: Freezes hiring (24.82, -0.33, -1.31%)
[13:46] {Threei}  wow
[13:46] {Threei}  Ambrose Evans-Pritchard
[13:46] {Threei}  I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
[13:46] {Threei}  My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America.
[13:46] {Threei}  http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007777/shut-down-the-fed-part-ii/
[13:48] {Threei}  oh yes
[13:48] {Threei}  TV apparance
[13:48] {Threei}  I missed that
[13:57] {dino} isln to .39
[13:58] {Threei}  RIG 1:1
[13:58] {dino} skx to .69
[13:58] {dino} out, revrse skx .71, +.22
[13:59] {dino} out isln big slip ave .35, +.14
[14:03] {Threei}  anyone went for RIG or for HRBN?
[14:04] {dino} n
[14:09] {dino} hsp
[14:09] {dino} tga approval austrailia
[14:10] {dino} 24$ m sales projected
[14:12] {dino} sm s .06
[14:17] {dino} too soon stop
[14:18] {RonS} 4.2 mil sh short...hsp
[14:22] {dino} sm s .69
[14:22] {dino} cov .29
[14:31] {dino} veco l .49
[14:44] {dino} veco to .65
[14:44] {dino} out ave .63, +.14
[14:45] {dino} fin to .19
[14:45] {dino} finl
[14:45] {jfjf64} vol lvs
[14:55] {dino} out fil +.10
[14:55] {dino} finl i mean
[14:59] {Threei}  full recovery DNDN
[14:59] {Threei}  heh... morons
[15:01] {jfjf64} 3i
[15:01] {jfjf64} when new  book  coming out
[15:01] {Threei}  my perception is it's 80% ready
[15:02] {Threei}  and I push harder
[15:02] {Threei}  to get it done as soon as I can
[15:02] {jfjf64} great
[15:02] {jfjf64} look foward
[15:02] {Threei}  at the same time, it's not something I want to rush for exit
[15:02] {Threei}  I perceive it as most important of my writings
[15:03] {Threei}  so, I will make sure it's finished to my satisfaction, not to get it out the door
[15:03] {jfjf64} you  must  be exited
[15:03] {jfjf64} take ya  time
[15:04] {Threei}  I am... what I see as I re-read parts written earlier make me feel "sheesh, I wish I read it when I started trading"
[15:04] {jfjf64} dont  forget  to  mention jf in book
[15:04] {jfjf64} lol
[15:04] {Threei}  in what role?
[15:05] {Threei}  just want tpo make sure your expectations are met {G}
[15:05] {jfjf64} role  of being such  great mentor to  room
[15:05] {jfjf64} i will send ya  photo  also
[15:06] {Threei}  suit and tie are NOT optional
[15:06] {jfjf64} lol
[15:06] {Threei}  tutu on the other hand is
[15:07] {dino} all bow to jf
[15:07] {jfjf64} all kiddin  aside  look  foward  enjoy  your writings
[15:07] {jfjf64} ty  dino
[15:07] {dino} :D
[15:07] {jfjf64} you  have  my  address
[15:07] {jfjf64} ill be  waiting  4  my  copy
[15:08] {jfjf64} you  cd  write  somethin  nice  in  it
[15:08] {jfjf64} mgm
[15:09] {Threei}  I believe it's going to be online
[15:09] {Threei}  not hard copy
[15:10] {jfjf64} aig
[15:11] {jfjf64} lookin  at  that  37.00  break  earlier
[15:11] {jfjf64} look  vol  was  coming  in
[15:24] {dino} finl l .11
[15:27] {daviddrosenfeld} In finl .11
[15:27] {Threei}  JPM Reportedly to move prop traders to asset management unit
[15:27] {Threei}  - Move to affect equity, emerging markets, structured credit units within the investment banking arm.
[15:27] {Threei}  ***Reminder: On 08/31 there were reports that JP Morgan was planning to close all prop desk operations, starting with 20 person commodity prop desk in London
[15:28] {Threei}  I am beyond lost
[15:28] {Threei}  they can't have prop desk anymore,
[15:28] {Threei}  they spin it off into separate unit
[15:28] {Threei}  so what?
[15:28] {Threei}  how is it changing anything for anyone?
[15:29] {dino} its not, but its all politics
[15:30] {Threei}  in russian it calls "soaping one's eyes"
[15:30] {RonS} ...no wonder I am crying...
[15:31] {RonS} so, this is becoming a real question:  where has the volume gone in this market?
[15:31] {dino} csgs drop
[15:31] {Threei}  even more interesting:
[15:32] {dino} gap around 17.75
[15:32] {Threei}  volume is lower but market is more readable
[15:32] {jfjf64} lvs  drop
[15:32] {Threei}  I have one suggestion what can cause this paradox
[15:33] {dino} the volume is all in bonds, when they start to fall stock vol should go up, imo
[15:33] {Threei}  just a theory though, I have no evidence either way:
[15:33] {Threei}  actual players are back, and market readability increased thanks to them,
[15:34] {Threei}  all kinds on programs, black boxes and HFT are down in volume, for various reasons not the last of which is authorities cracking down on them
[15:34] {Threei}  so volume is down a bit, but that volume was never relevant to direction
[15:35] {dino} vol. follows the most recent bubbles, imo, stock bubble, re bubble, now bond bubble
[15:35] {Threei}  so this volume drop doesn't influence us
[15:35] {Threei}  yes dino
[15:35] {Threei}  I am trying to decipher readability side
[15:36] {RonS} makes sense I guess, the JEF earnings report had trading earnings down 90%
[15:37] {RonS} ...not their prop desk...biz from others...
[15:39] {jfjf64} lkin  bounce  here  lvs
[15:40] {Threei}  no
[15:40] {Threei}  very high chance of dropping under 35
[15:46] {Threei}  how about that
[15:46] {jfjf64} caught  it
[15:46] {Threei}  I just prepared call for .20 break short
[15:46] {jfjf64} ye  haa
[15:46] {Threei}  and it dropped faster than I could hit enter
[15:46] {jfjf64} in .21
[15:46] {jfjf64} out .07
[15:46] {jfjf64} wow
[15:47] {Threei}  :)
[15:47] {daviddrosenfeld} Dino finl?
[15:49] {dino} still in
[15:50] {daviddrosenfeld} Overnite finl?
[15:50] {dino} nope
[15:52] {dino} isln l .10
[15:54] {jfjf64} who  said  lvs  35.00
06[15:54] * Threei humbly raises his hand
[15:56] {jfjf64} recross .05
[15:56] {Threei}  you aware of time?
[15:56] {Threei}  4 min till bell
06[15:56] * Threei slaps jfjf64 around a bit with a large wall clock
[15:56] {jfjf64} lol
[15:56] {jfjf64} done  4  day
[15:57] {jfjf64} nice  day  at  office
[15:57] {dino} gj
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a goof evening
[15:59] {Threei}  see you tomrrow
[15:59] {jfjf64} are ya ready  4 some football
[15:59] {jfjf64} monday night
[16:00] {Threei}  some scotch I am ready for
[16:00] {dino} out isln +.02 at .12
[16:00] {Threei}  or will be soon
[16:00] {dino} out finl .11 flat
[16:00] {jfjf64} 100 pecent 3i
[16:00] {Threei}  I mean Glenlivet is your friend - always :)
[16:00] {jfjf64} we earned it  today
[16:03] {dino} ouch mtb
[16:04] {dino} thx all

Sep 21 2010

Not very active but nicely profitable day, with LVS, RIMM and FCX being targeted ones.


I am off to Las Vegas for the seminar, so there will be no log updates this week. See you on Monday! 

Session Time: Tue Sep 21 00:00:00 2010
[08:22] {strider} no T&S data flowing here.  Laser
[08:23] {nemo} change your quote server?
[08:23] {strider} didi
[08:23] {nemo} oy
[08:23] {nemo} wake Laser Dave up
[08:25] {strider} got it on reboot.
[08:25] {nemo} kewl
[08:25] {nemo} see where cat went to .75?
[08:30] {nemo} housing data must be good
[08:30] {Threei}  *(US) AUGUST HOUSING STARTS: 598K V 550KE; BUILDING PERMITS: 569K V 560KE
[08:31] {Threei}  and beasrs just thought they'd get a break
[08:35] {nemo} what's the key combination to close a window?
[08:36] {strider} probably Alt-F, C
[08:38] {nemo} no...btw...if you use the shift  down/up arrows, it zooms the charts
[08:40] {strider} yes, by the way.  Works for me.
[08:40] {strider} alt-F,C
[08:40] {nemo} those don't work for me
[08:41] {strider} must have your keyboard reassigned, or something else at level more general than the software.
[08:41] {Threei}  ctrl-f4?
[08:41] {nemo} I use the floating window setup
[08:41] {strider} ah
[08:42] {nemo} no 3i, not in the floating window setup
[09:03] {dino} gm all
[09:03] {Les} hey dino. morning all
[09:03] {dino} :D
[09:03] {Threei}  dino, les :)
[09:05] {RonS} Top o' the morn all, or should I say it's time for the Benny drill?
[09:06] {kowboy} gm everyone
[09:06] {Threei}  ron, kowboy :)
[09:13] {ese} i'm back....and by the way,,,,call me the bird killer
[09:13] {Threei}  hmmm
[09:13] {Threei}  ok... if you insist
[09:14] {Threei}  I had more noble nick for you in mind... like Morning Thunder
[09:14] {nemo} Raven, you o.k.?
[09:14] {ese} i got cut off from you all yesterday because a bird shorted out our ( and about 4 other houses ) poser lpole
[09:14] {ese} power pole
[09:14] {Threei}  whw.. thanks for elaboration
[09:15] {dino} so my bird drone worked
[09:15] {Threei}  I was scared to death to ask what poser lpole was...
[09:15] {Threei}  rofl dino
[09:15] {ese} was very interesting.....heard this big bang and that was it.......go out front and it was some kind of bird smoldering on the bround
[09:15] {ese} ground
[09:16] {Threei}  I'd say, Edison killed that bird, not you
[09:18] {ese} was that birds unlucky day......there's a joint in the wires and it's like a one in a million shot for a bird to step on both sides of it.......
[09:18] {Threei}  MAGS Receives $10M loan from major shareholder
[09:18] {Threei}  huh... mags, care to share?
[09:19] {ese} they cover it with something these days but our nneighbour hood is 1930's houses and it hasn't been done here yet
[09:20] {magoo} i wish lol
[09:25] {Threei}  fair warning for newer guys:
[09:25] {Threei}  while I am gone for the next three days, whatever you do - do not, I reapeat do NOT listen to Alert
[09:27] {_daviddrosenfeld} thanks!
[09:27] {Threei}  sure thing
[09:27] {ese} whos' Alert
[09:27] {_daviddrosenfeld} thanks ese - i was scared to ask
[09:27] {nemo} oh jeez
[09:27] {Les} well at least alert won't lead us astray in our trading
[09:28] {ese} knew that was coming........but i can take it now
[09:28] {Threei}  mirror reflection that likes to think it has its own mind - and uses my absence to unleash its ill will
[09:28] {nemo} you do perfectly well on your own Les
[09:28] {Les} :)
[09:28] {Les} bitch
[09:28] {jfjf64} mornin
[09:28] {nemo} hehehehe
[09:28] {Les} yeh I walked into that
[09:28] {Threei}  on a serious note, it's a bot mirroring my comments in the #floor :)
[09:28] {Threei}  jf :)
[09:28] {ese} mags....might be time to go long RIMM if it doesn't go below 44.95 today
[09:29] {Les} we call him "not Vad"
[09:30] {Threei}  remember, FOMC policy statement at 2:15pm
[09:30] {nemo} oh, then I'm going back to bed
[09:31] {magoo} careful ese
[09:31] {magoo} mkts look weak
[09:32] {nemo} clf off cliff
[09:32] {nemo} hehehehe
[09:32] {ese} message received ....and noted
[09:33] {Les} i see you've taken your meds today Nemo
[09:33] {nemo} doubled up, washed down with a grenache
[09:33] {Les} the only way to fly
[09:34] {Threei} Short Setup: RIMM  .40 break half lot
[09:34] {Threei}  if stays under .50
[09:34] {Threei}  invalidated
[09:36] {Threei} Long Setup:  LVS  .15 break
[09:36] {Threei}  if stays above .05
[09:39] {Threei} Long Setup:  RIMM  .50 break half lot
[09:39] {Threei}  if stays above .40
[09:40] {Threei}  LVS stop to under .10
[09:40] {nemo} in tna .55
[09:40] {nemo} 1/2 out 66
[09:41] {Threei}  missed JASO .50 break.... grr
[09:41] {nemo} stopped .45
[09:41] {Threei}  look at daily
[09:41] {Threei}  perfect break
[09:42] {Threei}  LVS holding well
[09:42] {Threei}  if works, starts lkooking better than scalp
[09:42] {Threei}  1:1
[09:42] {Threei}  half out
[09:43] {Threei}  1:2
[09:43] {Threei}  1/4 more
[09:43] {Threei}  stop to b/e
[09:43] {Threei}  JASO, return to .50 for second chance, wil ya
[09:44] {Threei}  {JASO} yeah right... you missed your chance and lost me... forever...
[09:44] {Threei}  oops... that's what my shrink warned me about... stocks talking back to me...
[09:44] {ese} in rimm .51
[09:45] {Threei}  too sharp spike ese, start partialing out
[09:45] {ese} out rimm .74 =.23
[09:46] {Threei}  easy money
[09:46] {ese} +.23
[09:46] {Threei}  instant gratification too
[09:46] {ese} tks vad
[09:46] {kowboy} rimm +21c thanks
[09:46] {Threei}  :)
[09:46] {dino} skx l .35
[09:46] {Threei}  what, no one took LVS?
[09:47] {magoo} vad, u out rest week?
[09:47] {magoo} return monday?
[09:47] {Threei}  yes mags, flying to LV tomorrow
[09:47] {gregns} tks for lvs
[09:47] {Threei}  seminar on Thu
[09:47] {Threei}  back on Fri but too late for market
[09:47] {Threei}  greg :)
[09:47] {magoo} me too, want to coincide with your trip lol
[09:47] {Threei}  who brings beer?
[09:48] {_daviddrosenfeld} out LVS .29
[09:48] {magoo} drinks free in sin city
[09:48] {dino} skx to .49
[09:48] {Threei}  david :)
[09:48] {dino} reverse slip out .50. +.15
[09:49] {Threei}  watching LVS for second play
[09:50] {dino} vxx l .72 stop lod
[09:51] {Threei}  JASO is a toothache in the heart
[09:51] {Threei}  can't believe I missed it
[09:51] {nemo} interesting analogy
[09:51] {jfjf64} yup
[09:52] {Threei}  high liquidity, suitable for big shares
[09:52] {Threei}  textbook break, ese would have made his entire month on this single trade
[09:53] {_daviddrosenfeld} dino stop vxx at .65?
[09:53] {magoo} what u miss/want? .50 break out?
[09:53] {dino} yes
[09:54] {Threei}  yeah, look at dauly
[09:54] {magoo} i am
[09:54] {ese} wish i had vad....but went with your 1/2 lot reccomendation
[09:54] {Threei}  clean .50 resistance, and intraday gave .40 support
[09:54] {ese} have housing numbers (starts came out today
[09:54] {Threei}  I am talking about JASO ese
[09:54] {ese} ahhhh
[09:56] {_daviddrosenfeld} gs 3i on lvs ;)
[09:56] {nemo} break of .80 jaso was tempting
[09:57] {nemo} shoulda' woulda' coulda'
[09:57] {Threei}  LVS formed that .05 - .15 range again
[09:57] {Threei}  not sure about it this time for some reason
[09:57] {Threei}  let's make it discretionary trade
[09:57] {Threei}  you likey - you takie
[09:58] {nemo} fcx drop
[09:59] {dino} gxdx, sndk
[09:59] {nemo} fcx either here or .12
[10:01] {nemo} offer .30
[10:02] {dino} sndk l .99
[10:02] {Threei}  LVS 1:1 for those who likey-takie
[10:03] {dino} stopped sndk -.12
[10:06] {_daviddrosenfeld} in L fcx .12
[10:06] {nemo} nice
[10:06] {ese} not sure about fcx nemo......
[10:06] {nemo} playing pivot support
[10:06] {ese} ok
[10:06] {_daviddrosenfeld} stop loss on FCX nemo?
[10:07] {nemo} .06
[10:07] {nemo} 1/2 out
[10:07] {nemo} .26
[10:07] {ese} bang right on then
[10:07] {nemo} don't stay too long though
[10:07] {nemo} my stop is now .12
[10:08] {ese} nice work
[10:08] {nemo} I got in at .14, not as good as Rosencranz
[10:08] {nemo} actually stop .09
[10:09] {nemo} by
[10:09] {nemo} bye
[10:09] {ese} L rim .97
[10:09] {kowboy} ew from yesterday up 3
[10:09] {nemo} wow
[10:13] {ese} tons of resistance at .99
[10:18] {dino} vxx stopped .68 -.04
[10:18] {ese} come on rimm.......jees
[10:21] {ese} am getting nervous with rimm
[10:21] {ese} maggggggssss!!!!
[10:21] {ese} is this thing going up in your opinion
[10:22] {ese} forget that....there she blows
[10:24] {dino} amag s .48 stop .61
[10:24] {dino} sndk l .80 stop .68
[10:25] {ese} out rimm .09 +.12
[10:25] {ese} nope .08 +.11
[10:26] {nemo} s3 support on sndk is .54
[10:27] {dino} ty
[10:28] {dino} sndk stopped
[10:33] {dino} stri l .09 stop .97
[10:40] {dino} out amag +.12 cover
[10:46] {nemo} crissakes cat...forgot about it
[10:46] {nemo} bidu strong too
[10:50] {dino} gxdx l .75
[11:00] {ese} L gxdx .74
[11:01] {ese} 1/2
[11:02] {ese} flat market......must be waiting for the fomc
[11:03] {Les} x
[11:03] {Les} db play 45?
[11:04] {dino} sndk l .25 trig
[11:04] {ese} fouuuuugaat abowwwwwwdit
[11:04] {ese} thats what your suppose to say about cat nemo
[11:04] {nemo} ahhhh
[11:05] {Les} damn fcx and x getting hammered. market ain't happy
[11:05] {ese} not with them anyway
[11:06] {Les} well even sexy tech Iwhatever maker aapl aint cool today
[11:07] {ese} capit coming with dndn
[11:08] {_daviddrosenfeld} dino stop on gxdx?
[11:09] {ese} L dndn 1/2 .67
[11:09] {dino} .63
[11:11] {nemo} jaso bull flag...
[11:11] {dino} gxdx to .70
[11:12] {ese} out dndn .83 +.16
[11:13] {ese} dino.....are ya proud of me........ehhhhh    ehhhhhhh
[11:13] {dino} out sndk .50, +.25
[11:13] {gregns} tks dino n ese for dndn
[11:14] {ese} you bet
[11:14] {Les} which way greg? u short it or catch the reversal?
[11:14] {ese} stop to .70 with dino gxdx
[11:15] {dino} hiding behind that 10k
[11:16] {ese} meeeee......not this time ....1/2
[11:17] {strider} RIMM hod
[11:17] {nemo} cat too
[11:17] {strider} copy CAT
[11:18] {gregns} les, long @ .66  11:10  then partialed up to .86
[11:18] {ese} you x miltary guys........sheesh
[11:20] {ese} copy cat........roger wilco........gomer pile ....over and out
[11:20] {Les} yeh pivot point bounce nice catch.
[11:21] {Les} EWZ db play?
[11:21] {Les} pivot support .80
[11:22] {ese} i notice vad is conspiculously silent here.......you can just picture it.........he's reading these post and thinking.......what?? just what have i gotten myself into
[11:23] {strider} he's probably involved with www.LVShowgirls.com
[11:23] {ese} lol
[11:23] {dino} lol
[11:23] {ese} dino.....i think we may have double bottom with dndn
[11:24] {dino} hmmmm
[11:24] {ese} nope
[11:24] {dino} closer to gap fill imo
[11:24] {ese} yup
[11:24] {kowboy} spy break
[11:24] {nemo} put your stop at 200 ma
[11:25] {Threei}  involved?
[11:26] {Threei}  well... certainly not comitted
[11:26] {strider} devolved?
[11:27] {nemo} yeah, you should see the scars on his knuckles strider
[11:27] {ese} gxdx flatlined
[11:29] {strider} CAT holding
[11:30] {dino} skx l .19
[11:30] {dino} sndk db?
[11:32] {nemo} close enough to lunch on FOMC day
[11:41] {dino} damn dndn
[11:43] {RonS} fcx price action looks like a sub dive drill...
[11:44] {nemo} and you know what  sub dive drill looks like, how?
[11:45] {dino} red october
[11:46] {RonS} teenage book fave:  Run Silent, Run Deep
[11:46] {ese} L dndn.67
[11:46] {nemo} oh, so it's all in your mind
[11:46] {nemo} read that too
[11:47] {RonS} ever been in a WWII sub?  man, what a tin can...
[11:47] {nemo} yes, German one also
[11:49] {RonS} my imprssion was magnified by an immed preceding visit to a nuclear carrier
[11:50] {nemo} remember watching an aircraft carrier cruising through San Francisco harbor.  Boats hauling water skiers couldn't catch up to it
[11:51] {RonS} sm l fcx .06 stop .90
[11:51] {nemo} make your stop .86
[11:51] {RonS} ok
[11:51] {nemo} s2 pivot support just above .87
[11:57] {nemo} lunchtime, don't be greedy
[11:58] {dino}  get hungry
[11:58] {dino} gxdx to .87
[12:01] {dino} out +.12
[12:02] {ese} out also gxdx .83 +.09
[12:02] {ese} tks dino
[12:03] {kowboy} ty ron dino for fcx
[12:03] {dino} gj
[12:03] {kowboy} rats out 2 early
[12:04] {dino} better than too late
[12:05] {dino} you know the old saying kowboy?
[12:06] {RonS} giddyup
[12:06] {dino} get out when you can not when you have to
[12:06] {kowboy} i suppose
[12:06] {Threei}  I have couple more versions
[12:07] {Threei}  feed them while they quack
[12:07] {Threei}  and my favorite:
[12:07] {Threei}  sell peanuts when the circus is in town, because when circus leavces - who are you going to sell peanuts to?
[12:07] {ese} cool
[12:08] {dino} oh boy...
[12:10] {RonS} out fcx .42  reverse slip corsetted by a pirohuete back flip
[12:11] {dino} out skx .39, +.20
[12:11] {dino} what, no triple lindy ron
[12:18] {RonS} trying to keep up with your lingo dino +.36 :D
[12:22] {Threei}  just nod, Ron
[12:23] {nemo} rimm closing gap
[12:24] {dino} back to school, rodney dangerfield
[12:32] {dino} sndk l .25 stop .11
[12:41] {ese} out dndn 1/2 .82 +.15  1500shs.....i might have to go soon so the balance stop is break even
[12:46] {i2r} RIMM ripping through
[12:47] {dino} gj
[12:50] {dino} sndk to .49
[12:51] {Les} x for .50 b/d?
[12:51] {Threei}  most likely, yes
[12:51] {Threei}  with market help of course
[12:59] {dino} sndk to .55
[12:59] {dino} out +.30
[12:59] {i2r} nice!
[12:59] {gregns} gj dino
[12:59] {dino} ty
[13:00] {gregns} tks i got a little didnt have patience like you tho
[13:00] {dino} np, gj
[13:00] {dino} gxdx drop
[13:02] {i2r} SNDK out +.07
[13:02] {dino} gj
[13:02] {i2r} ok , what's next dino? :)
[13:03] {i2r} ps: i shorted sndk when it stopped moving up
[13:05] {dino} gutsy
[13:05] {dino} gxdx, skx, itri on my screen
[13:06] {i2r} k
[13:06] {ese} gotta go....cya tomorrow
[13:07] {Threei}  take care ese, see you next week
[13:07] {ese} oh ya......have a great time vad
[13:07] {Threei}  ty, I will
[13:07] {dino} cya es
[13:08] {dino} sndk too around .20-.25
[13:17] {dino} gxdx l .45, stop .32
[13:35] {Les} like x long now. can't see entry yet
[13:35] {i2r} how does gxdx look to you dino?, seems that .40 is the trigger?
[13:35] {Les} market ain't brimming with joy though
[13:35] {i2r} i see a large offer
[13:35] {Threei}  Les, make up our mind, you are making me dizzy
[13:35] {i2r} i mean bid
[13:36] {Les} oh go to Las Vegas will ya
[13:36] {Threei}  just 45 min, and you change from short to long
[13:36] {Threei}  oh wait...
[13:36] {Les} hmmm?
[13:36] {Threei}  never mind, I thought it was 45 seconds
[13:36] {Threei}  self-induced coma does thast to you
[13:37] {Les} oh
[13:37] {dino} already in i2r
[13:37] {Les} that's ok
[13:37] {i2r} i know, I meant to say that .40 break down is probably the cue for selling
[13:37] {dino} agree
[13:37] {i2r} k
[13:38] {i2r} i got in at .42, have no idea how you have the patience to wait! :)
[13:38] {dino} i don't understand, ptt ttp
[13:39] {dino} plan the trade, trade the plan
[13:39] {i2r} for sure that's understood, I just forget about it sometimes
[13:39] {dino} time matters not, throw out hard stop and look at others
[13:39] {nemo} thinking bidu here
[13:41] {i2r} but how much do you wait for the upside? or do you just move your stop up as I noticed you do?
[13:41] {dino} 1:1 min, try for more
[13:41] {dino} and yes
[13:41] {i2r} k
[13:41] {i2r} out GXDX +.11
[13:41] {dino} i want it o clear 1/1 then oput stop at 1/1gj
[13:42] {dino} gj
[13:42] {i2r} k got it
[13:42] {i2r} thx
[13:42] {i2r} I just need a few wins
[13:42] {dino} speed has noting to do w/my style
[13:42] {dino} nothing
[13:43] {i2r} k
[13:43] {i2r} short GXDX .53, going for a .05 scalp, tight stop
[13:45] {dino} rkt going for yesterdays low
[13:45] {strider} BP basing
[13:47] {dino} gxdx to .57
[13:47] {i2r} hmm, got stopped
[13:47] {dino} to .60
[13:49] {dino} out ave .59, +.14
[13:49] {i2r} gj dino
[13:49] {dino} ty
[13:49] {dino} things are slowing down
[13:52] {nemo} oh sorry in tna .11
[13:52] {strider} gosh, thx, nemo:)
[13:52] {nemo} I was stressing
[13:52] {strider} I'll just jump in here at .43
[13:53] {nemo} mos
[13:53] {nemo} out .46
[13:53] {nemo} I wouldn't do that strider
[13:54] {strider} Oh, OK.   :)
[14:02] {nemo} cat's at 2008 prices
[14:02] {Threei}  12 min
[14:08] {nemo} news must be out
[14:08] {Threei}  not here
[14:09] {dino} not yet
[14:10] {dino} watch tlt, tbt
[14:13] {nemo} tlt dropping a bit
[14:13] {nemo} alot
[14:13] {kowboy} stx
[14:14] {nemo} wow
[14:14] {nemo} news
[14:14] {Les} .83 resistance and 50 ma
[14:14] {nemo} on what
[14:14] {Les} resistance as well
[14:14] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED);
[14:15] {Les} stx daily
[14:15] {dino} failed talks stx
[14:15] {Threei}  Vote: 8-1
[14:15] {Les} blow that bubble baby
[14:15] {Threei}  lol, m,arket spikes as if anyone thought fed would hike rate
[14:15] {nemo} dramamine please
[14:15] {Threei}  drops now
[14:15] {Les} equities and TLT crashes
[14:16] {Les} nasty action
[14:16] {Threei}  maniak-depressive
[14:16] {nemo} shouldn't work that way...mmmmhhhh
[14:16] {Les} bipolar and both sides are depressed
[14:16] {Threei}  lol
[14:16] {dino} extended period
[14:16] {nemo} blah blah blah, yada yada yada
[14:17] {nemo} ahhh stx bid.70
[14:17] {Les} they got any other trick in the bag, the fed?
[14:17] {i2r} out TBT +.30
[14:17] {Threei}  spikes now
[14:17] {nemo} short bummer
[14:18] {nemo} gone already
[14:18] {nemo} ahhh bid .80
[14:18] {Les} good job i2. nice clean entry point. u take 33?
[14:19] {i2r} I shorted at .22
[14:19] {dino} gj
[14:19] {i2r} ty
[14:19] {Les} ah ok.
[14:20] {i2r} it was moving way too fast
[14:20] {i2r} and I missed the second short, thought it would go to .30, but it didn't
[14:21] {i2r} lol, way too fast even now
[14:22] {RonS} Seagate said to have failed buyout talks with TPG, Bloomberg reports
[14:23] {i2r} so ty dino, I was watching the right stuff :)
[14:23] {dino} np
[14:27] {nemo} n stx 31
[14:27] {nemo} half  out .38
[14:27] {nemo} iyt ,43
[14:27] {nemo} out
[14:27] {nemo} my arse hurts
[14:28] {strider} thought you were starting to speak in Old Norse.
[14:28] {nemo} pucker factor
[14:29] {nemo} a tad early
[14:31] {i2r} lol, just realized that I missed what I saw, which was a short at .26 ( with TBT) because I spent that time on thinking :)
[14:34] {i2r} TBT is  low again
[14:35] {Threei}  Euro moves towards 1.32 and cable trades near 1.56; USD/CHF below parity briefly
[14:35] {Threei}  - Gold runs back towards all time highs as well
[14:35] {strider} RIMM hod
[14:35] {Threei}  FCX...
[14:35] {Threei}  83 break
[14:35] {Threei}  risky as hell
[14:37] {i2r} get a load of TBT, wow
[14:37] {Les} TLT making new highs
[14:38] {Les} GLD sure liked FOMC meeting
[14:39] {Threei}  half out FCX
[14:40] {Les} oh crap look at X
[14:40] {Les} justing waiting for FOMC release
[14:40] {dino} stri to .21 all dayer
[14:41] {dino} out slip .19, +.10
[14:43] {nemo} what's kinda' not so funny is this is all about the toilet paper $
[14:43] {dino} it's the only way out for the politicians, inflate it away
[14:43] {Threei}  out in full
[14:43] {Threei}  +.40
[14:44] {dino} gj
[14:45] {i2r} gj 3i
[14:45] {dino} sfi, rumore prepackage bankruptcy
[14:46] {Threei}  EUR/USD Reached session highs at 1.3286; above the 200 day moving average following FOMC statement (related AUD/USD USD/JPY EUR/JPY GBP/USD )
[14:49] {dino} amed
[14:50] {strider} no news here AMED
[14:50] {dino} none here
[14:50] {dino} gap 34.75 area
[14:51] {dino} were being investigated medicare issues
[14:51] {Threei}  nor here
[14:53] {dino} can't borrow cyber
[14:53] {Threei}  want me to short it for you?
[14:54] {Threei}  better yet, make magoo
[14:55] {dino} yes at 31.50
[14:56] {dino} cover now please, 31.06
[14:57] {dino} i take it you did not trust me
[14:58] {dino} markets going red imo
[14:59] {kowboy} gj on amed anyhow dino there's 06
[15:01] {Threei}  just missed it
[15:01] {dino} ty kowboy
[15:01] {Threei}  good read thbough
[15:04] {Threei}  USD/CNY (US) White House: US President Obama to bring up the Yuan currency issues with China's Wen in meeting this week (related EUR/CNY EUR/USD USD/JPY )
[15:04] {Threei}  {China's Wen}: yawn
[15:08] {dino} rbcn bke
[15:13] {jfjf64} wow  missed  market  explosion
[15:13] {jfjf64} what happened
[15:15] {Threei}  FOMC
[15:15] {Les} Obama flatulated live in a speech
[15:15] {Les} and that too...
[15:15] {Threei}  that's Les's way to say Don't ask don't twell repeal failed
[15:15] {dino} rbcn l .60
[15:16] {jfjf64} lol
[15:17] {jfjf64} any  good plays
[15:17] {Threei}  did FCX for 40 cents
[15:18] {jfjf64} nice  nice
[15:18] {Threei}  back to coma now
[15:18] {Threei}  although market seems to be flagging
[15:18] {jfjf64} i  see
[15:19] {jfjf64} lvs
[15:19] {jfjf64} dbi
[15:19] {jfjf64} .80
[15:19] {jfjf64} ??
[15:22] {Les} FAS approaching 23 support. might be good for b/d if market is turning red
[15:26] {dino} rbcn stopped -.15
[15:26] {i2r} TBT stopped -.60 (enjoyed this one)
[15:28] {Les} 1:1 fas
[15:29] {Les} outta here. c u's tomorrow
[15:34] {dino} avgo
[15:35] {dino} cya les
[15:35] {dino} rkt l .40
[15:41] {dino} back in ten
[15:41] {nemo} boy is he regular
[15:42] {strider} :)
[15:43] {nemo} will the PPT allow the market to close red?
[15:46] {i2r} I think today is the first day that I'm actually happy with the loss as I feel the lesson for today was learned
[15:46] {i2r} I don't think I learned it in the past :)
[15:46] {i2r} just a side comment :)
[15:48] {jfjf64} pru
[15:48] {jfjf64} ??
[15:50] {nemo} 1 million share block trade
[15:50] {strider} what sym?
[15:50] {jfjf64} pru
[15:50] {nemo} pur
[15:50] {nemo} pru
[15:50] {dino} out rkt .53, +.13
[15:51] {kowboy} ty nemo 7c rkt
[15:52] {RonS} ?
[15:52] {kowboy} imeant ty dino
[15:53] {dino} np, yw
[15:53] {dino} wow, finished at goal, after starting 2 of 6
[15:54] {dino} stick a fork in me, i'm done
[15:54] {jfjf64} nice dino
[15:54] {nemo} I have a skewer?
[15:54] {RonS} have a good trip 3i
[15:54] {nemo} yeah, bring back some swag
[15:54] {dino} ty, odd, this week i suck in a.m.
[15:55] {dino} 3i, have fun
[15:55] {Threei}  ty
[15:56] {Threei}  okay folks
[15:56] {Threei}  thank you all
[15:56] {Threei}  be safe,
[15:56] {Threei}  have a good rest of the week and weekend
[15:56] {Threei}  I'll see you all on Monday
[15:56] {jfjf64} enjoy  3i
[15:56] {kowboy} ty 3i u too
[16:03] {dino} gn all and thx for ideas. good time
[16:03] {dino} rig
[16:03] {dino} blood

Sep 20 2010

Catch of the day today is fairly standard setup, DBI type of breakdown:

Session Time: Mon Sep 20 00:00:00 2010
[08:53] {Threei}  A Reaffirms Q4 and 2010 forecasts
[08:54] {nemo} think tna bounces here
[08:55] {ese} morning
[08:55] {Threei}  why would I want to think on Monday morning...
[08:56] {Threei}  ese :)
[08:56] {nemo} dude
[08:56] {ese} dude
[08:56] {Les} someone smack the fish
[08:57] {ese} smack the fish?
[09:01] {nemo} Les can't too busy spanking the monkey
[09:02] {ese} smack the Alp Horn then?
[09:02] {dino} gm all
[09:02] {Threei}  dino :)
[09:03] {_daviddrosenfeld} can't find glossary of terms?  e.g. |, sm, etc...
[09:03] {ese} dino
[09:04] {Threei}  david... not official terms, just personal abbreviations... l = long, s =sharot, sm = small size, hl = half lot
[09:05] {Threei}  sharot = short
[09:06] {nemo} eqzaktly=exactly
[09:06] {Threei}  korreqt
[09:06] {dino} :D
[09:06] {nemo} =correct
[09:06] {_daviddrosenfeld} tankks
[09:07] {nemo} corrupted already
[09:07] {Threei}  lol quick learner
[09:07] {nemo} brownnoser
[09:07] {Threei}  sorry, I meant to say kwik
[09:07] {nemo} It's Monday, yur xkused
[09:09] {nemo} X DB?
[09:09] {nemo} FCX DB ?
[09:10] {Les} it's disgusting how we think alike Nemo.
06[09:10] * nemo where's my sig
[09:10] {nemo} ?
[09:10] {Les} But you dare to say what I know not to in this room
[09:10] {Threei}  not sure about DBs
[09:10] {Threei}  BOP looks like breakdown
[09:10] {Threei}  BP, sorry
[09:10] {Threei}  .15 support to break
[09:11] {nemo} 200 ma might serve as support
[09:12] {dino} fcx upgraded by gs nemo
[09:12] {strider} .22 or so is stop?
[09:12] {nemo} ty dino
[09:13] {strider} or give it .10?
[09:14] {strider} i.e., stop .25?
[09:14] {Threei}  probably... pre-market is much less reliable
[09:20] {Threei}  GR) Fitch: Greece is barely holding on to an investment grade rating; not planning any ratings moves until the end of October
[09:20] {Threei}  - Greece has been taking the correct steps, but these may not even be enough.
[09:21] {Les} that's funny - Goldman is recommending going long on thirty year Greek Bonds
[09:22] {dino} must have a bunch to sell
[09:27] {nemo} fcx triple bottom
[09:27] {strider} triple bottom = double top
[09:28] {nemo} ?
[09:28] {Threei}  OK, let's see what we can find but don't press hard right away
[09:28] {jfjf64} mornin all
[09:28] {Threei}  monday mornings tend to be a bit drunken and shapeless
[09:28] {Threei}  jf :)
[09:29] {Les} drunken and shapeless - good term for showing up to work after the weekend.
[09:32] {dino} ip
[09:32] {Threei} Long Setup:  LVS  .20 reak half lot
[09:32] {Threei}  if stays above .15 for scalpers, .10 for day traders
[09:33] {nemo} spy at 50 ma
[09:34] {Threei}  invalidated, watching for better entry
[09:34] {nemo} dino ip breaks below .28 gap at .75 then .25
[09:35] {Threei} Long Setup:  RIMM  46 break half lot
[09:35] {Threei}  if holding .90
[09:35] {Threei}  lol
[09:35] {jfjf64} hmm
[09:36] {Threei}  first entry was too fast to get, second weas invalidated
[09:36] {Threei}  not sure about third, let's skip it
[09:36] {ese} has a very good Q last week and it tanks......
[09:36] {ese} hmmmmmmm one has to wonder
[09:37] {ese} more people buying iphones than blackberys
[09:38] {Threei} Long Setup:  CAT  .35 break half lot
[09:38] {Threei}  if stays above .25
[09:38] {Threei}  .20 for day traders
[09:40] {Threei}  decision moment for the market
[09:40] {Threei}  either flag and bounce, or breakdown
[09:40] {Threei}  bounce it seems
[09:41] {nemo} cat might be putting a db at .23
[09:41] {Threei} Long Setup:  LVS  .95 break
[09:41] {Threei}  if stays above .85
[09:41] {ese} l fitb .32
[09:42] {Threei}  not yet LVS
[09:42] {nemo} tried to get .86
[09:43] {jfjf64} apple
[09:43] {jfjf64} movin
[09:43] {nemo} bidu also
[09:43] {jfjf64} lvs
[09:43] {Threei}  RIMM is beyond miserable
[09:44] {Les} it certainly ain't drunk and shapeless :)
[09:45] {Threei}  (US) Preview: Sept Housing Market Index due out at 10:00ET
[09:45] {Threei}  *Consensus expectation: 14e v 13 prior
[09:45] {Threei}  - Estimates range between 12-15
[09:45] {Threei}  - Aug reading of 13 was the lowest since March 2009
[09:46] {jfjf64} x break down
[09:46] {nemo} spy pivot 112.60
[09:46] {jfjf64} coming
[09:46] {jfjf64} imo
[09:46] {nemo} ip holding
[09:48] {jfjf64} lvs
[09:48] {Les} lvs. 90?
[09:48] {Threei} Long Setup:  FCX  82 break half lot
[09:48] {Threei}  if stays above .85
[09:48] {Threei}  not sure LVS
[09:49] {Threei}  FCX 1:1
[09:49] {Threei}  half out .19
[09:49] {Threei}  scalpers be happy
[09:50] {jfjf64} today  yes
[09:50] {jfjf64} ty
[09:50] {jfjf64} me happy
[09:50] {Threei}  I want 1:2
[09:51] {nemo} in rig .05
[09:51] {Threei}  here it is
[09:51] {Threei}  close enough
[09:52] {Threei}  out .29
[09:52] {nemo} 1/2 out .15
[09:53] {nemo} stopped 2nd half
[09:54] {Threei}  LVS is very meek
[09:54] {Threei}  trying to recover but no drive
[09:54] {Threei}  staying away for now
[09:55] {jfjf64} feel break down  rimm
[09:55] {Les} and the stock stars change again. AIG is but a ghost of its former self
[09:55] {jfjf64} .70
[09:55] {jfjf64} break
[09:56] {Threei}  OGXI Journal of Clinical Onology reports positive data on Randomized Phase II Study of Docetaxel and Prednisone With or Without OGX-011 in Patients With Metastatic Castration-Resistant Prostate Cancer
[09:56] {Threei} Short Setup: RIG  .90 half lot
[09:57] {nemo} .90 or .99?
[09:57] {Les} good call jf
[09:57] {Threei}  .90
[09:57] {jfjf64} ty les
[09:57] {Threei}  if stays under 60.05
[09:58] {Threei}  salmon
[09:58] {Threei}  stays near low while market bounces to the high end of the range
[09:58] {nemo} two way vad?
[09:58] {Threei}  I guess...
[09:58] {Threei}  I like shirt more
[09:58] {Threei}  short
[09:58] {nemo} definite maybe
[09:58] {Threei}  yeah
[09:59] {nemo} db on bidu?
[09:59] {Threei}  formally long is right if triggers but my heart in not into it
[10:00] {ese} L qcom .81
[10:00] {nemo} oh, DT on bidu, sorry
[10:00] {Les} rig support .76 pivot
[10:01] {Threei}  that's where our 1;1 is
[10:01] {Les} yeh
[10:01] {Threei}  *(US) NAHB HOUSING MARKET INDEX: 13 V 14E
[10:01] {Threei}  1:1
[10:02] {Threei}  1:2, me out
[10:02] {_daviddrosenfeld} out rig .75
[10:03] {Les} great salmon run
[10:06] {Threei}  wow
[10:06] {Threei}  wehat was that
[10:06] {Threei}  no news that I see
[10:06] {Les} simon says up
[10:06] {Threei}  did we cover RIG in time or what
[10:07] {nemo} 113.20 spy resistnce
[10:07] {Threei}  notice, LVS stays near lows
[10:07] {Threei}  I don't see clear short setup on it yet but watching for one
[10:07] {nemo} and just about to break range...jailbreak
[10:07] {Les} .28 previous high of this range spy. just broken
[10:08] {Les} yeh
[10:08] {Threei}  poor bears
[10:08] {Threei}  no let-up
[10:08] {Threei}  guys, just a reminder while I myself remember
[10:09] {Threei}  I am off Wed-Fri for the seminar in LV
[10:09] {nemo} Vad's leaving us
[10:09] {nemo} sniff
[10:09] {nemo} sniff
[10:09] {Threei}  surely you can manage three days without me
[10:11] {Threei}  amazingly, no news for this run
[10:13] {Les} rig 60 break?
[10:13] {jfjf64} lvs  ready ?
[10:13] {nemo} too late
[10:13] {jfjf64} long
[10:14] {Threei}  no
[10:14] {Threei}  I don't like LVS long
[10:14] {jfjf64} ty
[10:15] {jfjf64} .95  break  short
[10:15] {jfjf64} market  help
[10:16] {ese} out qcom .02 +.21
[10:16] {Threei}  I'd just leave it well aslone for now
[10:16] {Threei}  let it break out of coma
[10:16] {jfjf64} exactly
[10:16] {nemo} round 2
[10:16] {jfjf64} yup
[10:17] {nemo} spy goes at least to .57
[10:17] {jfjf64} gold  stocks  rippin  again
[10:17] {Threei}  ARNA... mama mia
[10:18] {nemo} short rimm
[10:18] {Threei}  probably, yex
[10:18] {Threei}  .90 break
[10:18] {Threei}  half lot
[10:18] {Threei}  stop above 46
[10:20] {Threei}  no go
[10:21] {nemo} spy .57 coming
[10:22] {dino} .
[10:23] {nemo} things should calm down here
[10:27] {Threei}  RIMM rinse
[10:27] {nemo} yeah
[10:28] {nemo} BIDU basing
[10:33] {Threei}  NBER officially declares recession ended in June 2009
[10:33] {Threei}  oh good
[10:35] {nemo} BIDU break .60?
[10:35] {nemo} or short below .50?
[10:35] {Threei}  - Notes it was longest recession in post WWII Era.
[10:35] {Threei}  - Declares that any future recession would be a new recession and not a continuation of the one that started in Dec 2007 (i.e. no more chance of an official "double dip')
[10:35] {nemo} well, break .59
[10:35] {dino} reassuring, lol
[10:36] {Threei}  looks to be two-sided one, BIDU
[10:36] {Threei}  valid both ways
[10:36] {nemo} yep
[10:36] {Threei}  this is pure idiocy
[10:36] {Threei}  semantics whether it's a double dip or new recession
[10:36] {Threei}  who cares
[10:37] {jfjf64} exactly
[10:37] {jfjf64} who  cares
[10:37] {nemo} mmmhhh, long spikes  of support at .44
[10:37] {jfjf64} all dopes
[10:39] {nemo} .60 offers gone
[10:41] {Threei}  World Trade Organization (WTO): Sees 2010 trade growth at 13.5% (up from 10% prior forecast)
[10:41] {Threei}  - Seeing faster than expected recovery in global trade after 12.2% contraction in 2009.
[10:44] {nemo} IP
[10:46] {dino} ip, pkg, tin
[10:47] {dino} rkt too
[10:47] {nemo} in ip .61
[10:49] {dino} sm s tdc .75
[10:52] {dino} open not keeping pace
[10:53] {dino} tdc bstop is .02
[10:54] {dino} rkt sm l .00 stop .73
[10:56] {RonS} O tv?
[10:57] {Threei}  not on CNN
[10:58] {Threei} Long Setup:  CAT  74 break
[10:58] {nemo} spy likely going to 92
[10:58] {Threei}  if stays above .90
[11:03] {Threei}  invalidated
[11:06] {nemo} fcx
[11:07] {nemo} 1/2 out ip .72
[11:08] {nemo} 1/4 more .80
[11:08] {dino} tdc stopped
[11:08] {nemo} stop is .67
[11:10] {nemo} stop is .70
[11:14] {nemo} sayonara ip
[11:15] {RonS} sm s whr 78.28
[11:17] {RonS} ...hearing O town hall at noon edt cnbc
[11:17] {dino} y
[11:18] {dino} whr sm s .05
[11:19] {patience} p-]\=\
[11:19] {patience} sorry, 10 week old puppy on the keyboard
[11:19] {RonS} lol
[11:20] {Threei}  lol
[11:20] {dino} cree drop
[11:20] {RonS} ...was gonna ask 3i for the russian translation...
[11:21] {Threei}  I speak puppyish not
[11:22] {RonS} ya, i only speak doggerel...
[11:23] {nemo} mistake on IP, didn't set stop on trend line
[11:25] {nemo} cat short?
[11:25] {Threei}  really can't tell
[11:26] {Threei}  everything is 50/50 here
[11:28] {dino} whr cov/stop -.26
[11:31] {RonS} out whr .48 -.20
[11:32] {RonS} tectonic shift in the market...the O tv short stops working...
[11:33] {Threei} Long Setup:  RIMM  .50 break
[11:33] {dino} no fear
[11:34] {Threei}  stop under .40
[11:35] {RonS} market just determined he is a lame duck...
[11:38] {RonS} ...local health insurers here prepping to jack rates 20-30%...Ocare cause...
[11:39] {RonS} dropping individual child policies altogether...
[11:41] {Threei}  no go RIMM
[11:44] {Threei} Short Setup: CAT  .80 break
[11:44] {Threei}  if stays below .90
[11:45] {Threei}  invalidated
[11:45] {Threei}  morning was atypical Monday - typical takes over now
[11:49] {nemo} any opinions on BIDU forming a bull flag?
[11:51] {Les} APOL .50 break?
[11:52] {Threei}  I doubt it
[11:52] {Threei}  well, chart looks right but right-looking charts pretty much stopped working last couple hours
[11:52] {nemo} it would be least expected for breaks to work at lunch after a runup
[11:54] {Les} hmm given possibility of index rollover, might make a good fade
[12:11] {dino} skx l .50
[12:17] {nemo} in tna .31
[12:18] {dino} skx to .62
[12:18] {strider} long?
[12:18] {nemo} yeah
[12:18] {nemo} stop .24
[12:19] {nemo} think I might be a tad early
[12:19] {dino} to .69 skx
[12:21] {Threei}  wow
[12:21] {Threei}  didn't expect this:
[12:21] {dino} to .72
[12:21] {Threei}  52% of Voters Say Their Views Are More Like Palins Than Obamas
[12:21] {dino} not surprised
[12:21] {nemo} cat at 200ma
[12:22] {Threei}  61% Favor Repeal of Health Care Law
[12:22] {Threei}  this number is growing
[12:22] {Threei}  ominous sign for dems
[12:24] {dino} out skx .80, reverse slip, +.30
[12:24] {nemo} 1/2 out .36
[12:29] {Threei}  TNA works
[12:29] {Threei}  nice
[12:29] {Threei}  RIMM stays near low
[12:31] {nemo} stepped away...took me out at .42
[12:31] {Threei}  :)
[12:32] {Threei}  INFN Strength partly attributed to takeover chatter circulating
[12:33] {dino} gj
[12:34] {dino} nemo, open thoughts
[12:34] {nemo} on what dino
[12:34] {nemo} ?
[12:34] {dino} open
[12:35] {nemo} you really want to know what's on my mind?
[12:35] {dino} symbol o p e n
[12:35] {dino} like whos on first
[12:36] {nemo} trend line break long, vwap is .88 and 200 right below, good stops
[12:37] {strider} RIMM breaks
[12:41] {Threei} Short Setup: RIMM  45 break
[12:41] {Threei}  if stays under .05
[12:42] {Threei}  no need to say, invalidated
[12:42] {nemo} what, we on skype?
[12:42] {strider} OK.  Won't say it.
[12:43] {nemo} bidu new high
[12:43] {dino} rkt l .75
[12:45] {Threei}  quite a few sudden and unreadable moves today
[12:46] {Threei}  this RIMM spike out of nowhere for instance
[12:46] {dino} had 3 rinses earlier
[12:46] {nemo} rimm spike short here?
[12:46] {Threei}  no idea
[12:49] {Threei}  this kind of spike can easily take a breather, then continue
[12:54] {dino} rkt to .87
[12:57] {dino} rkt slipped out .84, +.09
[12:59] {Threei}  yawn
[13:03] {i2r} i've finally adjusted to the yawn and I quite like it, as oppose to wanting to be in the market all the time
[13:03] {Threei}  good
[13:03] {Threei}  no need to push when there is nothing readable
[13:04] {strider} Just get yourself a good yawn chair.
[13:04] {Threei}  skill to do nothing is just as important as skill to do something
[13:04] {i2r} that's what I'm learning :), seems to work.
[13:05] {strider} Had this skill all my life.  Only just recently learned that there is a job fits it.
[13:05] {nemo} union?
[13:05] {RonS} ...been trying to convince my wife of that my whole marriage
[13:05] {strider} And she says.........show me the money.
[13:05] {dino} lol
[13:06] {strider} Yes, nemo.   Sitting in my yawn chair in my union suit.
[13:07] {nemo} rim creating wedge
[13:07] {nemo} rimm
[13:07] {Threei}  (CH) US President Obama: CHina has not done all it can do on Yuan currency; US will look to enforce more trade laws than it has in the past (related USD/CNY FXI EUR/CNY EUR/USD TRADEX )
[13:08] {RonS} ...great..."let's have a trade war"
[13:08] {dino} cree l .48
[13:08] {RonS} ...and really repeat the 1930'3...
[13:08] {dino} history rymes
[13:09] {RonS} idiots come in all forms and flavors
[13:09] {Threei}  why not... he openly stated he believe in FDR's way to finght off the recession
[13:09] {nemo} leave Les alone
[13:10] {nemo} rimm
[13:10] {RonS} ya know, FDR spent money on real infrstructure...not pure pork...
[13:10] {Threei}  as far as getting out of depression it still didn't work
[13:11] {RonS} true
[13:11] {Threei}  and in this today's version we get no benefit of either
[13:11] {RonS} ture
[13:11] {RonS} true
[13:11] {Threei}  recession isn't fought off, and no benefit of better infrastructure
[13:11] {Threei}  but the hole is being dug deeper
[13:11] {Threei}  and private capital is being pushed out
[13:17] {nemo} caught tn .46 .54
[13:17] {nemo} tna
[13:18] {Les} oh and here I thought I was invited to the conversation Nemo
[13:19] {nemo} ?
[13:19] {nemo} scalpers regret....
[13:22] {nemo} fcx might be too
[13:27] {Les} 19:10 nemo leave Les alone
[13:28] {dino} cree to .60
[13:28] {nemo} oh
[13:29] {nemo} that was in response too:   nevermind
[13:29] {nemo} to
[13:29] {dino} to .65
[13:30] {dino} out cree .67, +.19
[13:31] {nemo} damn missed clf breaking out of range
[13:35] {strider} BP hod
[13:36] {Les} x
[13:36] {strider} RIMM held on last selloff
[13:36] {strider} of spy
[13:37] {nemo} break of .55 or short under .45 X?
[13:38] {Threei}  looks like long is it
[13:38] {strider} yesterday gap to 46
[13:43] {dino} stri
[13:44] {strider} no news here
[13:46] {Threei}  not since Aug 11
[13:46] {nemo} jeez bidu
[13:47] {dino} l .75
[13:47] {kowboy} s ew .89 stop .02
[13:49] {Les} x was short. wasn't looking for that. but never made long setup either.
[13:51] {Threei}  nice one kowboy
[13:52] {Threei}  President Obama: - Notes that the administration will look into a suspension of the payroll tax, anything that will work.
[13:53] {dino} yeah right
[13:53] {dino} out stri .87, +.12
[13:53] {RonS} gj
[13:54] {kowboy} out + .17 and +.07
[13:55] {dino} gjk ty
[13:55] {dino} gj
[13:55] {kowboy} ty
[14:03] {i2r} triple top on rimm
[14:05] {Threei}  hate all these rinses but I must do this:
[14:05] {Threei} Long Setup:  EW  55 break
[14:05] {Threei}  half lot of course
[14:10] {Threei}  let's modify it
[14:10] {Threei}  see big ARCA offer at .90?
[14:10] {Threei}  taking it out is long entry signal
[14:10] {i2r} ok
[14:18] {kowboy} arca large at .87
[14:18] {Threei}  and .90
[14:19] {kowboy} ty
[14:21] {dino} stri l .65
[14:23] {nemo} jumped my .93
[14:24] {Threei}  let's sell half near 55
[14:24] {nemo} where'd you buy?
[14:24] {Threei}  last shares at .90 when it scrolled fast
[14:25] {nemo} ahhh, didn't do the old mouse scroll over
[14:25] {Threei}  second half stopped .88
[14:25] {Threei}  oh well
[14:30] {strider} CAT
[14:31] {nemo} either long break of 74 or short if it can't get by
[14:31] {nemo} spy looks like it wants 114
[14:31] {nemo} I guess that's a big "duh!"
[14:34] {nemo} Frickin' hoover dam at 74
[14:35] {dino} stri to .97
[14:36] {dino} out .985 ave, +.335
[14:36] {kowboy} gjd
[14:37] {dino} ty
[14:41] {nemo} wedge on bidu
[14:42] {strider} GE new hod
[14:43] {nemo} bidu didn't break strongly
[14:46] {dino} vit
[14:49] {dino} pbh
[14:52] {jfjf64} been  gone while  how was afternoon
[14:52] {nemo} slow
[14:53] {Threei}  there was no one jf
[14:53] {jfjf64} cat
[14:53] {nemo} duh
[14:53] {dino} was good for me jf
[14:53] {jfjf64} duh
[14:54] {nemo} [14:29] {strider} CAT
[14:54] {strider} been sitting on .95 ever since.
[14:54] {dino} thars what cats do, sleep
[14:55] {jfjf64} yup
[14:56] {nemo} 1/2 out .12
[14:57] {dino} gj
[14:57] {nemo} getting the shares was the trick  thanks 3i
[14:58] {strider} out CAT +.15, +.20
[14:58] {strider} got .21 on last half.
[14:59] {strider} hod
[14:59] {nemo} bastid
[15:00] {jfjf64} hey
[15:00] {strider} fixing a turkey, nemo?
[15:00] {nemo} ?
[15:00] {strider} basted
[15:00] {nemo} ahhhhh
[15:00] {jfjf64} got to go slow  with  him  strider
[15:01] {strider} I know.  It's sad.
[15:01] {jfjf64} lol
[15:02] {nemo} 1/4 more sitting at .22 just to bust strider
[15:03] {jfjf64} somebody  buyin  mgm  all day
[15:04] {nemo} heheheheh
[15:04] {jfjf64} sick man
[15:04] {nemo} thank you jf
[15:04] {strider} darn.  got me.  now I got low self-steam.
[15:04] {jfjf64} welcome
[15:05] {nemo} but plenty of gas
[15:05] {strider} flex fuel here.
[15:05] {nemo} stop under .15
[15:06] {nemo} strider with an exhaust pipe....ewwwwww
[15:06] {strider} even lower self-steam.
[15:07] {gregns} rimm breakdown .20 ?
[15:08] {Threei}  I guess
[15:09] {nemo} out last quarter cat .22
[15:14] {dino} gj
[15:14] {nemo} ty
[15:25] {RonS} profit taking or full blown squeeze into close?
[15:26] {Threei}  my feeling is, squeeze
[15:26] {nemo} spy wants .50
[15:27] {dino} fed tomprrow
[15:27] {dino} tomorrow
[15:30] {Threei}  lol... theybecame so irrelevant, I forgot abput them
[15:30] {Threei}  you are right, FOMC tomorrow
[15:35] {dino} back in ten
[15:35] {nemo} cat .50
[15:35] {Threei}  Tesla Motors UAW President: Open to represent workers in the Tesla plants; confident UAW will represent Fisker Automotive workers
[15:35] {Threei}  - UAW notes it plans on meeting with Fiat's CEO in the next week; aiming for Fiat to place Fiat suppliers in the US
[15:35] {Threei}  lol
[15:36] {Threei}  UAW: we killed GM and Chrusler, nearly killed F, who is thins new kid on the block we haven;t killed yet? Come in TSLA., let's talk
[15:36] {Threei}  said carpenter to oyster
[15:37] {Threei}  or was it walrus
[15:40] {Threei}  here comes squeeze
[15:41] {nemo} spy wants .50
[15:41] {strider} Squeeze me on up, market.
[15:55] {RonS} 3i...correct in spades as usual...
[15:55] {Threei}  me is?
[15:55] {Threei}  oops... I mean t, I are?
[15:57] {nemo} ehhh...114.46....that close enough?
[15:58] {Threei}  very
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening
[15:58] {nemo} gnite
[15:58] {Threei}  see you tomorrow
[15:58] {RonS} for horseshoes?
[15:58] {nemo} hand grenades
[16:00] {dino} later all and thx

Sep 17 2010

Boring, locked in tight range day. Got a nice RIMM bounce in the morning and went into deep coma.

Session Time: Fri Sep 17 00:00:00 2010
[08:26] {nemo} interesting...spy only up .05 but iwm up .54
[08:30] {Threei}  *(US) AUGUST CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E; CPI EX FOOD&ENERGY: 0.0% V 0.1%E; CPI NSA: 218.312 V 218.324E
[08:39] {Threei}  RIMM Avian Securities Cuts RIMM to Neutral from Positive, price target: $33
[08:46] {lilyd} good morning - hey can I ask a very important question?
[08:47] {lilyd} what is that horn(?) next to Raven's name for?
[08:47] {Threei}  hi lily, go ahead
[08:48] {Threei}  I see a plus
[08:48] {Threei}  could look different in mibbit
[08:49] {Threei}  think of it as a medal of honor
[08:50] {nemo} may I make a wise-ass comment?
[08:50] {Threei}  if it concerns raven you may want to reconsider, lest he circles you
[08:51] {nemo} I was just asking if I could make one
[08:51] {strider} Are  you able to refrain from making one?
[08:51] {Raven} {}
[08:51] {nemo} Yeah, I suppose that's a more pertinent question
[08:53] {nemo} wow...long tlt up big this morning too
[08:55] {dino} gm all
[08:55] {kowboy} gm everyone
[08:55] {RonS} gm to all
[08:56] {Threei}  dino, kowboy, ron :)
[08:58] {kowboy} interesting, rimm way down from ah highs on earnings
[09:03] {ese} morning
[09:03] {RonS} alks...6.4 mil sh short
[09:04] {RonS} rig to open out of its range
[09:05] {Threei}  ese :)
[09:06] {ese} nemo........it ain't gonna happen buddy.....ya just ain't gonna get any respect on this board.......it's brutal
[09:06] {RonS} nemo to apply for a group discount from alks for the room
[09:07] {ese} what was your question going to be?
[09:07] {Threei}  this is so not true... we are a goup of gentle soul and soft heart
[09:07] {nemo} where did I imply I was looking for respect from the board?
[09:08] {ese} ya didn't
[09:08] {Threei}  and hey... respect is never given... it's always taken
[09:09] {ese} was just lookin at your previous post about wanting to ask a question and ya got shot down
[09:09] {nemo} I figured a little incongruous behavior on my part is a....little incongruous behavior on my part
[09:10] {Threei}  we just like to shot people down, but we do that with gentle soul and soft heart
[09:10] {ese} lol
[09:10] {nemo} killing me softly..heheheheh
[09:10] {Threei}  and it's only when we meet people with gentle soul and soft heart, we beat them up sinseless... because we hate competition
[09:11] {nemo} ese:  trivia question...about whom did Roberta Flack write that song?
[09:11] {Threei}  no one, I repeat, no one is allowed to hjave gentlier soul and softer heart than us
[09:11] {ese} james Taylor.......or was that Carol King writing about him
[09:11] {nemo} Don McLean
[09:12] {ese} ohhhhhh ya.......
[09:12] {ese} I was thinkng Carol King's lyrics..."your so vain"....she was talking about James Taylor
[09:13] {strider} Carly Simon
[09:13] {strider} you're so vain
[09:13] {strider} wrote 'you're so vain'
[09:13] {ese} opps....am I wrong there too?
[09:14] {nemo} that was about David Geffen
[09:14] {ese} nahh James Taylor
[09:15] {nemo} nope...she revealed it a couple of years ago
[09:15] {ese} somebody google that
[09:15] {ese} ohhh....well then count me wrong on that one
[09:16] {RonS} i concur nemo but still think it was Warren Beatty
[09:17] {ese} hmmmmm
[09:18] {RonS} may be of note:  http://tinyurl.com/25k7m5y
[09:21] {ese} that is interesting ron......is apple having that much of an effect?   I have macbookpro's here....3 of them
[09:28] {ese} michigan numbers?   they out this morning
[09:28] {strider} ORCL
[09:28] {Threei}  09:55 US Sept Prelim University of Michigan Confidence
[09:28] {ese} mags....rimm should be going nuts today
[09:28] {strider} CRXL
[09:28] {magoo} yea..watching it
[09:29] {ese} i am too...but it scares me that one
[09:29] {magoo} anyone have trouble logging in early?
[09:29] {nemo} yep
[09:29] {magoo} i did at 8 am
[09:29] {strider} yep
[09:29] {magoo} i always think its just me lol
[09:29] {nemo} rimm recovering nicely
[09:31] {jfjf64} mornin
[09:31] {Threei}  ALKS
[09:31] {magoo} jf
[09:31] {Threei}  15 break
[09:31] {Threei}  risky as hell
[09:31] {Threei}  momo candidate
[09:31] {Threei}  jf :)
[09:32] {ese} where in the heck would you get in on rimm
[09:33] {magoo} id like it to pllbk
[09:33] {magoo} rimm
[09:34] {magoo} near 48
[09:35] {ese} looks like your gonna get your wish
[09:36] {Threei}  here it is
[09:37] {Threei}  goes lower I think
[09:37] {Threei} Long Setup:  ALKS  15 break hakf lot
[09:38] {Threei}  stop under .90
[09:38] {nemo} oops
[09:38] {magoo} let rimm go .70 area
[09:38] {ese} missed
[09:39] {ese} got it cued up for a 1/2 mags.....but scares the crap outta me
[09:39] {magoo} yea..could easily red bar down
[09:40] {ese} just like that
[09:40] {magoo} ironically, and what i am working on..is we should have shorted the pllbk
[09:40] {magoo} whole point
[09:40] {magoo} easy
[09:41] {magoo} i mean heck, i called .70 area
[09:41] {Threei}  .50 - .60 zone is much better support for RIMM but will lose that too most likely
[09:41] {ese} yup
[09:42] {nemo} at pivot r2
[09:42] {dino} wow iwm not avail cyber
[09:43] {magoo} nice rimm job vad
[09:43] {dino} vxx l .24
[09:43] {magoo} oops
[09:43] {ese} lol
[09:43] {nemo} mmmhhh got a suport line here rimm
[09:43] {ese} buddy you are in big trouble
[09:43] {nemo} .98 r1 support
[09:44] {nemo} this looks like bottom
[09:44] {dino} gap fill coming from open
[09:45] {nemo} yep
[09:45] {magoo} careful, lower
[09:46] {nemo} nope
[09:47] {ese} i agree with mags ...1st bounce
[09:47] {ese} spy spx heading lower
[09:47] {dino} vxx to b/e
[09:49] {nemo} it basically bounced at r1 support, let's hope for the old DB
[09:49] {ese} ya
[09:50] {magoo} looking down here w/futes
[09:50] {magoo} rimm that is
[09:51] {ese} it's following the indexes
[09:51] {ese} does that volume spike count as DB nemo
[09:51] {nemo} sure
[09:52] {RonS} sm l alks 14.60
[09:52] {Threei}  RIMM looks bounce-ready
[09:55] {Threei}  *(US) SEPT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 66.6 V 70.0E
[09:55] {RonS} out alks .91  +.31
[09:55] {strider} ORCL 27 break with market turnaround?
[09:55] {Threei}  wtg ron
[09:55] {ese} nice ron
[09:55] {RonS} lucky
[09:56] {ese} so much for rimm and orcl having positive effect on mrkt
[09:56] {Threei}  hmmm
[09:56] {Threei}  chart is right but I've never seen ORCL flying after initial run
[09:56] {ese} reverse head and shoulders rimm 1min chrt ?
[09:57] {strider} k
[09:57] {dino} gaps filled
[09:57] {Threei}  I think so, RIMM
[09:57] {RonS} orcl has 5 billion shares oustanding...hard to move it
[09:57] {gregns} server # pls on quotes?
[09:57] {Threei}  yes ron... it's like a runner with couple dumbells tied to ankles
[09:57] {Threei}  17 here
[09:58] {gregns} ty
[09:59] {Threei} Long Setup:  RIMM  .20 break half lot
[09:59] {dino} chsi filled aug gap
[09:59] {Threei}  (IR) IMF spokesperson: Does not see that financing assistance will be needed for Ireland (related EUR/USD EUR/GBP EUR/JPY BUNDS GILTS )
[10:00] {Threei}  (IR) IMF spokesperson: elaborates that help or no help, it sinks
[10:00] {ese} in rimm .28
[10:00] {Threei}  wow
[10:00] {Threei}  a lot of chasing
[10:00] {ese} was looking at your post
[10:01] {ese} almost forgot to pull the trigger
[10:01] {Threei}  it was buyable at .21 - .23
[10:01] {ese} yup
[10:01] {ese} i was too slow
[10:02] {Threei}  don't hit market order... set a limit at your max chasing
[10:02] {ese} going against the mrkt now...good sign
[10:02] {Threei}  if no fill, wait to see if it gives a second chance
[10:02] {ese} yup....i goofed
[10:03] {ese} this still may work.......
[10:03] {ese} will cut loss if i'm dn
[10:03] {Threei}  yes but such entry ruins risk reward
[10:03] {ese} yes agreed
[10:03] {Threei}  too skewed toward risk
[10:03] {Threei}  too depricved of reward
[10:03] {Threei}  and I like life to be structured just the opposite
[10:03] {Threei}  1:1
[10:04] {Threei}  should be good for more
[10:04] {Threei}  I didn't intend it as a scalp
[10:04] {Threei}  half out .50
[10:04] {Threei}  stop to .15
[10:04] {Threei}  Reportedly SEC considering steps to address "window dressing" by Banks (related XLF BAC C WFC JPM GS MS )
[10:05] {ese} l another 1/2 avg .30
[10:06] {dino} sm l chsi .35
[10:06] {ese} out .61
[10:07] {ese} +.31 on 1k of the blighters
[10:07] {gregns} great job! ese
[10:07] {Threei}  hit 1:2... not sure if it has more
[10:07] {Threei}  but I'll try
[10:07] {Threei}  b/e stop
[10:07] {Threei}  no risk
[10:08] {ese} bull chit luck on this one......vad is correct.....bit of a bad trade that worked out
[10:08] {Threei}  I'd say good trade poorly executed
[10:09] {dino} db sm l .50
[10:09] {ese} i had my finger on the trigger in case it went sour....but still nerve racking
[10:10] {jfjf64} any read  kgc 3i
[10:10] {ese} mags what are you up to here?
[10:10] {dino} chsi stopped
[10:11] {magoo} flat
[10:11] {magoo} except rimm,...thinking .83
[10:11] {Threei}  not really jf, no life in that
[10:12] {ese} L at .83
[10:15] {magoo} exit .83 for me rimm
06[10:15] * Threei moves his exit to .8299
[10:16] {RonS} lol
[10:16] {ese} rotflol
[10:16] {magoo} ah, but magoo knew that from past experience with 3i
[10:16] {ese} that would take care of the rimm job crack
[10:16] {magoo} so true exiot .8199
[10:17] {strider} LVS
[10:21] {dino} veco sm l .60
[10:21] {dino} stop ;od
[10:22] {magoo} what im thinkin here, ill take rimm dough at .83, but if IF takes 48 may reenter lomg
[10:24] {dino} cgsi pikes
[10:24] {dino} chsi
[10:24] {nemo} yeah
[10:24] {dino} dtg drop
[10:24] {dino} nah
[10:25] {nemo} I'm gonna' kill him
[10:26] {gregns} rig c&h ?
[10:27] {Threei}  not sure
[10:27] {Threei}  volume isn;'t exactly right
[10:30] {ese} got cut off
[10:31] {ese} am L fitb .31 large
[10:33] {magoo} out rim .54
[10:33] {magoo} not riding down
[10:33] {Threei}  - NYSE volume 570M shares, about 155% above its three-month average; decliners lead advancers by 1.1:1.
[10:33] {Threei}  - NASDAQ volume 715M shares, about 55% above its three-month average; decliners lead advancers by 1.1:1.
[10:34] {Threei}  hah
[10:34] {Threei}  what's with huge volume
[10:34] {strider} ese bought FITB large
[10:34] {Threei}  oh
[10:40] {dino} triple wich i think
[10:41] {nemo} quadruple actually
[10:41] {ese} today is.......nahhhhh
[10:41] {nemo} index resets
[10:45] {strider} wtg, ese..fitb
[10:45] {RonS} rdwr
[10:46] {ese} sneaking 1/2 out of fitb avg .40 +.09 5k
[10:47] {ese} balance to .33
[10:47] {ese} tks st
[10:47] {ese} that felt like days of old
[10:52] {dino} gj es
[10:53] {gregns} gj ese, fitb , I see low risk of .05/ (lod .25) and break of resistance at .30 for you to take it @.31 is there more for your rationale?
[10:54] {strider} dullsville
[10:54] {dino} clf aug gap pretty much filled
[10:57] {ese} tks
[10:58] {nemo} break of .80 on clf interesting?
[10:59] {Threei}  I think so
[11:00] {ese} yup......this was a stock that i traded almost exclusively along with drys 2 years ago and made a **&^&^% load of money on and have a real good idea of how it's going to react...although it doesn't react quite the same there are times when it feels like text book to me like today
[11:01] {ese} and i don't have a problem buying 10k like that in this mrkt environment
[11:02] {dino} in at .75 clf l sm
[11:02] {gregns} ty ese i remember when you traded drys last year and did well
[11:04] {ese} it was vads scalping video that got me on to this......had never considered trading more than a 1/2 lot to full lot...but when he demonstated buying 3/4k in certain situations the light went on
[11:05] {ese} i do that in scalping situations but also apply it to some swing trading setups that work for me
[11:05] {nemo} n clf .81
[11:05] {dino} veco to .96
[11:06] {gregns} in @.80 clf sm
[11:07] {Threei}  1:1
[11:07] {nemo} 1/2 out 92
[11:07] {nemo} .92
[11:07] {dino} veco to .14
[11:07] {ese} am also trying to get the hang of dinos stuff...buying DB's or Capit's....and using bigger lots but it 's hard to find stocks that work that way and capable of handling those kind of shares
[11:07] {dino} to .20
[11:08] {ese} i'm sure i'm just not scanning the right stocks.....
[11:08] {dino} out chsi, +.40
[11:09] {ese} like that........
[11:09] {ese} chsi.....doesnt show up on any of my scans
[11:09] {dino} out veco, .25, +.65
[11:10] {ese} nice dino........the double whammy......
[11:10] {dino} ty
[11:11] {gregns} ese thanks for sharing!
[11:12] {ese} not a problem.......it's all ego .....what can i say....yuk yuk
[11:12] {nemo} stopped 2nd half clf
[11:16] {dino} hook l .66
[11:17] {dino} clf stopped -.26
[11:19] {ese} by the way.......i got that ego thing from nemo......he's my mentor there
[11:19] {gregns} lol
[11:20] {nemo} sure didn
[11:20] {dino} roflol
[11:20] {nemo} sure didn't get your sense of humor from me
[11:20] {ese} lol
[11:25] {Threei}  I spent last 5 min trying to come uop with humoristic comment on that, and gave up...
[11:26] {dino} hook to flat
[11:26] {strider} well, that's pretty funny
[11:26] {ese} daaaa stopped balance of fitb at .33 +.02
[11:26] {nemo} {&Threei} What sense of humor nemo?
[11:27] {nemo} clf looks short or long
[11:28] {dino} hmmm
[11:31] {nemo} .60 area next stop
[11:34] {Threei}  UAUA Shareholders approve the merger with CAL (22.17, -0.05, -0.23%) (related CAL )
[11:39] {dino} out hook flat
[11:46] {dino} clf sm l .00, stop .73
[12:02] {dino} fdx sm l .20
[12:03] {dino} stop .89
[12:07] {Threei} Short Setup: RIMM  .25 break
[12:07] {strider} RHT short .25 break?
[12:08] {Threei}  if stays under .35
[12:08] {Threei}  RHT... not sure
[12:15] {dino} clf to .37
[12:17] {dino} to .45
[12:18] {dino} out .46, +.46
[12:24] {Threei}  no go
[12:24] {_daviddrosenfeld} Out clf .36
[12:28] {dino} gj
[12:40] {ese} gotta go all have a great weekend
[12:40] {Threei}  take care ese
[12:40] {strider} see ya ese.
[12:52] {dino} fdx stopped -.31
[13:08] {Les} hmm judging by blog timeline action is slow?
[13:08] {Les} afternoon. how's the day been so far?
[13:09] {nemo} morning o.k. dead now...quadruple witching hour and Max pain has spy at 113
[13:09] {dino} jks
[13:09] {nemo} Why aren't you drunk?
[13:11] {Threei}  really
[13:15] {Les} getting there
[13:17] {Les} helping out the local library setup in their new building today
[13:18] {Les} went to Aikido lesson this evening but no sensei
[13:18] {Les} so drinking and hanging out here last alternative
[13:18] {strider} learning how to be a dog?
[13:25] {nemo} dino...clf at my next support point
[13:26] {kowboy} clf off a cliff
[13:26] {dino} should bounce soom
[13:29] {nemo} don't quit your day job kowboy
[13:30] {dino} l .65 clf
[13:31] {kowboy} ty but don't have day job nemo
[13:31] {nemo} congratulations
[13:36] {nemo} [13:17] {Les} helping out the local library setup in their new building today
[13:36] {nemo} boy scout les?
[13:36] {_daviddrosenfeld} stop loss on CLF?
[13:37] {i2r} out CLF, +.07
[13:37] {nemo} lot size dino?
[13:37] {Threei}  oh good... he is on tv
[13:37] {nemo} SHORT!!!!
[13:38] {kowboy} lol nemo
[13:38] {Les} market already short
[13:38] {nemo} yep tza starts upward
[13:38] {strider} lots of things are short.
[13:38] {_daviddrosenfeld} ok, no prob
[13:38] {nemo} oh oh
[13:39] {Les} nah nemo, in village where male circle of elders ignore intellectual/cultural activities and female staff.
[13:40] {Les} I'm always happy to lend a hand ;)
[13:42] {Threei}  "unscrupulous morgage lenders"
[13:42] {Threei}  and on the other side of the equation, "folks who coul;d barely understand page and pages of fine print"
[13:43] {Threei}  could those por misled folks understand this: I make 100 bucks, I am being offered to pay 150, I am 50 bucks short - I should not take this offer
[13:43] {dino} clf stopped thing is broken
[13:44] {Les} "and if you don't get on Party bandwagon soon Comrade Vad, you will be reported to Washington Headquarters for reintegration"
[13:45] {strider} notice how this stuff just rolls off Les's tongue?
[13:46] {Threei}  that's OK Les... I've seen much worse iteration of all that
[13:46] {Les} figured you might have
[13:47] {Threei}  whatever they have, they are light years nehind Politburo and KGB
[13:47] {Threei}  behind
[13:47] {Les} well give them kudos for trying
[13:47] {Les} Cuba was a good start
[13:48] {Threei}  they sure do
[13:48] {nemo} I got rined on clf
[13:48] {nemo} rinsed
[13:48] {Threei}  and they may even succeed
[13:48] {Threei}  but I hope not
[13:48] {Threei}  or not now
[13:49] {Threei}  because I am running out of places to immigrate
[13:49] {Les} switzerland's nice this time of year
[13:49] {nemo} Yeah, but you're there
[13:49] {Les} i don't have to say it
[13:50] {nemo} scorpion and the frog
[13:50] {nemo} aufpissen
[13:50] {Les} I learnt new term given to HItler by his Regimental comrades during WW1
[13:50] {Les} let me look
[13:52] {nemo} hast du das noch gefunden?
[13:56] {nemo} in tna .60
[13:57] {Les} voilà
[13:57] {Les} Etappenschwein
[13:57] {Les} I just know pig part, which sounds like suitable insult
[13:57] {gregns} cat ? why would they show their orders @73.00 and not reserve them? it looks like they are real
[13:58] {Les} http://miburl.com/lorwj2 if I ever speak German to you Nemo, you know why
[13:59] {Les} SVNT could get interesting for short soon
[14:00] {Les} SPN too if it can bounce for a solid short setup here
[14:11] {nemo} by the skin of my teeth tna heldd on
[14:11] {nemo} keine Ahnung
[14:13] {nemo} 1/2 out .71
[14:15] {Les} Nemo, what was SPN price on the bounce there .66?
[14:16] {_acanoe} an
[14:17] {Les} freestockcharts telling me SPN vol. has died off
[14:18] {strider} How come @Alert never talks?
[14:18] {Threei}  ever looked in #floor?
[14:18] {strider} I bet he'd have some really interesting things to say.
[14:19] {strider} ah, another one of your personalities.
[14:19] {Threei}  you can't shut him up in therer
[14:20] {strider} I guess that's why I never look at it.
[14:20] {Les} can't shut me up out here
[14:20] {Les} I like Alert
[14:23] {Les} Privoxy is working against mibbit advertising vad
[14:24] {Les} svnt .50 b'down?
[14:24] {Threei}  ese may want to know that
[14:24] {Threei}  although who knows... maybe he came to like those ads
[14:24] {Threei}  hard to tell SVNT
[14:27] {Les} what do you make of X? This very tight range. break in either direction coming?
[14:27] {Les} playable setup I mean
[14:28] {Threei}  ratehr up
[14:28] {Threei}  like 52/48
[14:29] {Threei}  .45 trigger
[14:36] {Les} stop?
[14:39] {dino} chsi falls again
[14:39] {Threei}  .35
[15:01] {dino} cghsi l .65
[15:01] {dino} chsi
[15:05] {Les} there goes x
[15:11] {Les} wow off a cliff
[15:13] {dino} speaking of cliffs, clf towards lod again
[15:23] {dino} eat l .56
[15:26] {dino} chtp
[15:28] {Threei}  CHTP Moves higher on positive mention from CNBC guest analyst (5.51, +1.39, 33.74%)
[15:28] {Les} hehehe
[15:28] {Les} CNBC guest just made tidy profit
[15:29] {Threei}  CNBC guest, 1 min before the segment, phoning his comrades: loaded up guys? ready to sell? OK, here I go
[15:30] {Les} can't you get yourself invited onto CNBC?
[15:30] {Les} we can all retire the next day
[15:30] {dino} eat stopped -.09
[15:31] {nemo} rinsed in tna again
[15:31] {Threei}  scalped short
[15:31] {Threei}  .70 - .57
[15:31] {Threei}  shrug
[15:31] {RonS} see you guys Monday for the next round of shenanigans  ;)
[15:31] {dino} cya
[15:31] {Threei}  take care Ron
[15:32] {Les} don't let the door hit you Ron
[15:34] {Threei}  covered too soon
[15:40] {Threei}  incredibly boring day
[15:40] {dino} kcp
[15:42] {dino} sm s .50
[15:43] {dino} cov 17.50 +1.00
[15:44] {Les} did you just have an interview on CNBC dino?
[15:44] {Threei}  lol
[15:44] {dino} no why, no tv
[15:44] {Threei}  KCP Moves higher on takeover chatter
[15:44] {dino} ok
[15:44] {Threei}  NYSE volume 1.0B shares, about 30% above its three-month average; advancers lead decliners by 1.5:1.
[15:44] {Threei}  - NASDAQ volume 1.8B shares, about 12% above its three-month average; advancers lead decliners by 1.4:1.
[15:44] {Threei}  - VIX index +0.7% to 21.85
[15:44] {Threei}  - Note: Today is quadruple witching, generating a significant increase in trading volume.
[15:45] {Threei}  AAPL Digitimes reports Apple is looking to launch a new iPad in Q1 2011 (275.28, -1.29, -0.47%)
[15:46] {kowboy} got s rimm, i apologize, happened 2 fast to post
[15:53] {dino} out chsi .77, +.12
[15:55] {Threei}  you'll haver to return profit, kowboy
[15:56] {kowboy} I'm sorry
[15:56] {dino} slllaaapppp
[15:59] {Les} bon weekend all. c u's monday
[16:00] {Threei}  everyone sees warning of no overnights on laser?
[16:00] {Threei}  thank you all, havce a good evening
[16:00] {Threei}  and weekend
[16:00] {Threei}  see you on Monday
[16:05] {dino} gn all, thx good time