Oct 19 2010

Perfect trading day, rehabilitating yesterday and then some, with 5 wins out of 5 calls.


Our today's Catch of the Day is a pure beauty. Not only it's based on one of my personal favorite setups, it's also quite a way to play it - in trader-speak it's called "fading the setup." In normal English, it's trading AGAINST the setup, using the signs of its invalidation. Read on, it will be very clear in a minute.

CAT formed nice and clean Cup and Handle on intraday chart (see the arrows pointing to both). Now, as you can see a handle is incomplete - right side of it never broke the "rim" at $79.70. One of the necessary conditions of C&H break is price holding above the bottom of the handle - $79.55 in our case. Thus, break of .55 constitutes setup invalidation - and can be used as a trigger for the play in opposite direction. That's what we did shorting CAT at $79.55 with 10 cents stop (see the chart for the details). Being a lunch time play, we covered our short for 1:2 risk/reward; at the moment of writing it's trading at 79.10, for nice juicy 1:4 with change. Second screenshot has been taken an hour and half later, to show the continuation of the move.

Session Time: Tue Oct 19 00:00:00 2010
[08:31] {magoo} morning
[08:31] {jfjf64} mags
[08:32] {Threei}  hey guys
[08:32] {Threei}  just opened quotes
[08:32] {Threei}  the amplitude of the moves...
[08:33] {Threei}  *(US) SEPT HOUSING STARTS: 610K V 580KE; BUILDING PERMITS: 539K V 575KE
[08:34] {Threei}  FCEL Awarded $2.8 Million to Demonstrate the Co-Production of Hydrogen From a Fuel Cell for an Industrial Application
[08:37] {Threei}  BAC CEO: Made money every trading day in prop trading operations - conf call (12.34, 0.00, 0.00%) (related XLF )
[08:45] {Les} morning all
[08:45] {Threei}  les :)
[08:53] {magoo} infn pounded
[08:53] {Threei}  what isn't
[08:54] {Threei}  USD/CAD Emerging market and Commodity-related currencies remain soft following PBoC rate hike
[08:54] {Threei}  good
[08:54] {Threei}  drop you little loonie
[09:01] {Threei}  *(CA) BANK OF CANADA (BOC) LEAVES OVERNIGHT RATE UNCHANGED AT 1.00%; AS EXPECTED (related EWC USD/CAD EUR/CAD CAD/JPY AUD/CAD )
[09:01] {larisa} gm :)
[09:01] {Threei}  larisa :)
[09:01] {larisa} vad :)
[09:02] {Threei}  - Considerable amount of stimulus remains in place
[09:02] {Threei}  - Lowers 2010 and 2011 GDP growth forecast
[09:05] {RonS} gm 3i & the gang  :)
[09:05] {Threei}  Ron :)
[09:07] {RonS} don't you think the China interest rate raise is the story of the day?
[09:08] {Threei}  it sure is
[09:08] {RonS} fcx down pre
[09:08] {Threei}  they don't want yuan inflation and move to supress it - that means easing price pressure on commoddities
[09:08] {Threei}  and full remaking of the currency landscape
[09:09] {Threei}  and considering how much markets depend on currency moves, it is a story of the day, week, month
[09:09] {Threei}  however long it takes to price in this restructuring
[09:09] {Threei}  and move to the next story
[09:13] {ese} gm
[09:13] {Threei}  ese :)
[09:13] {ese} mornin vad
[09:17] {davd} i.e china needs to slow growth rons?
[09:17] {RonS} no, they need to cool off their inflation and re speculation
[09:18] {RonS} amazing that these guys are more responsible than the idiots in this country
[09:18] {dino} gm all
[09:19] {RonS} dino, i am looking at itw...there report was stellar and guidance raised yet trading down
[09:19] {RonS} their
[09:19] {ese}  morning d
[09:19] {ese} ron david
[09:20] {davd} ese dino threei
[09:20] {Threei}  davd, dino :)
[09:20] {RonS} ditto ditto :)
[09:20] {ese} hmmmm housing starts up 30k
[09:21] {davd} ese, housing starts arent important when the ipad margin is weak :/
[09:22] {ese} ya just saw that.......
[09:23] {ese} have a couple of friends who've bought an ipad and are saying it 's no big whoop
[09:23] {ese} profit up huge though for apple
[09:24] {ese} was doing italian classes last night and have missed some of this news
[09:25] {dino} ok ron
[09:27] {RonS} yo nemo, u back trading?
[09:27] {nemo} no
[09:27] {ese} yo dude
[09:27] {RonS} :/
[09:29] {Threei}  a lot of volatility expected at the open
[09:29] {RonS} jobs to RIMM: we are going to eat your lunch...
[09:29] {Threei}  I intend to skip first minutes
[09:29] {Threei}  look at AMZN
[09:29] {Threei}  buck and half in two bars
[09:30] {Threei}  Preview: Fed members will be speaking throughout the day today, including several who spoke extensively yesterday
[09:30] {Threei}  - 09:40ET: Fed's Evans on the economy.
[09:30] {Threei}  - 10:00: Fed's Dudley speaking at a regional economic briefing.
[09:30] {Threei}  - 11:30: Fed's Lockhart on the economy.
[09:30] {Threei}  - 12:50: Fed's Fisher speaks.
[09:30] {Threei}  - 13:20: Fed's Kocherlokota speaks on the FOMC.
[09:30] {Threei}  - 19:00: Fed's Duke discusses money markets.
[09:30] {ese} thats not usual is it?
[09:31] {ese} trying to help the $ per chance
[09:31] {Threei}  help it drop you mean
[09:32] {ese} ya maybe .......
[09:33] {Threei}  RIMM, .20 support so far
[09:33] {Threei}  watching if market spikes and gives us long
[09:34] {magoo} LVS crushed
[09:34] {Threei}  market more weakness
[09:35] {Threei}  half lot, .35 break if holding .20 - but only with market green
[09:36] {ese} dino was it you who said they subscribbed to a sqawk box on the S&P floor
[09:37] {Threei}  .30 break RIMM
[09:37] {Threei}  in
[09:38] {Threei}  stop under .20
[09:38] {magoo} in
[09:39] {Threei}  1;1
[09:39] {Threei}  whether you exited, held or partialed - stop to .25
[09:40] {dino} dk es
[09:41] {magoo} 8 bux aapl pop
[09:41] {Les} u take it mags?
[09:41] {magoo} no in rimm
[09:42] {magoo} 'big lvs bounce
[09:42] {ese} nemo.....did the spdrs hit a support level
[09:42] {Threei}  KKD??
[09:42] {Threei}  doughnuts craze is back?
[09:43] {magoo} they r at dinos house lol
[09:43] {ese} golfer phil mickleson
[09:43] {ese} like them
[09:44] {nemo} spy support 116.82
[09:44] {magoo} VADS watch BIDU for bounce
[09:44] {ese} tks.......support pivot point 1 or 2
[09:45] {ese} theres usually 2 up for resistance and 2 dn for support right
[09:48] {nemo} bidu at pivot and price action support 99.53
[09:49] {dino} meli sm l .00
[09:49] {Threei}  (RU) Russia's Putin: Russia may not need any poultry imports in 2011-2012 (related TSN PPC IBA SAFM )
[09:49] {Threei}  they quit protein, cold turkey
[09:50] {RonS} lol
[09:50] {nemo} woulda' been funnier if you said "They quit chicken, cold turkey."
[09:50] {Threei}  hey, I came up with something funny once a century
[09:50] {Threei}  don't rain on my parade
[09:51] {nemo} bidu at support
[09:51] {Threei}  BIDU threatens to lose .50
[09:51] {Threei}  and will make good on the thtreat I believe
[09:51] {Threei}  there
[09:52] {nemo} spy lose to db and has pivot support at .82
[09:53] {dino} vmw sm l .50
[09:53] {nemo} tna support .67
[09:54] {jfjf64} axp
[09:54] {jfjf64} bounce
[09:55] {dino} stop vmw -.35
[09:55] {Threei}  or break of .30
[09:55] {dino} meli stopped
[09:55] {jfjf64} yup
[09:56] {Threei}  stop above .40
[09:56] {jfjf64} you win
[09:56] {larisa} can you give more details what stock and who you are answering :)
[09:56] {Threei}  sorry... talked to jf
[09:56] {larisa} ty :)
[09:57] {jfjf64} larisa need coffee
[09:57] {jfjf64} lol
[09:58] {Threei}  TNA
[09:58] {Threei}  watching for short into this bounce
[09:58] {larisa} always, and i hate to scroll and reread :)
[09:59] {Threei}  not in a short list
[09:59] {dino} vmw rinse
[09:59] {nemo} go long tza then vad
[09:59] {nemo} but watch for tna bounce of .75
[10:00] {nemo} see spy formation
[10:00] {Threei}  TZA requires a bit too much patuience
[10:00] {nemo} wuss
[10:00] {Threei}  lol
[10:00] {jfjf64} aapl
[10:00] {jfjf64} 308
[10:00] {jfjf64} break
[10:00] {nemo} Yeah, listen to nemo sittin' on his ass not trading telling you how to risk your money
[10:00] {nemo} tna could be long here
[10:01] {Threei}  yes
[10:01] {magoo} 308 break, no like
[10:01] {nemo} see IH&S bounce mirroring spy
[10:01] {Threei}  let's see if we get double bottom on TNA
[10:01] {Threei}  .50 support
[10:01] {Threei}  argh
[10:01] {Threei}  too fast
[10:01] {RonS} ovti salmon
[10:01] {nemo} yeah, fast ligke that
[10:02] {Threei}  .60 - .65 was it
[10:02] {Threei}  ECB's Weber: Greek events show that recovery is not free from setbacks (related EUR/USD )
[10:03] {RonS} do they test these guys for idiotic statements when they are hired?
[10:04] {jfjf64} aapl
[10:04] {RonS} second test for eur to break 1.38
[10:04] {jfjf64} +65
[10:04] {davd} good call on .82
[10:04] {Threei}  (US) FDIC sees lower losses in insurance fund between 2010-2014; fund to be replenished by 2020; revises down costs of bank failures
[10:05] {RonS} i guess nostradamas works there
[10:06] {dino} meli sm l .25
[10:07] {dino} asps, eqix green
[10:10] {davd} in meli .25 small
[10:11] {Threei} Long Setup:  LVS  38 break
[10:11] {dino} itw sm l .50
[10:15] {Threei}  so far so good, held .90
[10:16] {Threei}  nope, invalidated
[10:16] {Threei} Long Setup:  IBM  .60 break
[10:17] {Threei}  hakf ,lot
[10:17] {dino} exxi l .90
[10:17] {Threei}  1:1
[10:19] {Threei}  out in full
[10:19] {Threei}  +.32
[10:19] {dino} gj
[10:19] {Threei}  ty
[10:19] {Threei}  slowly vindicating myself for yesterday
[10:21] {Threei}  wow... out too soon
[10:23] {Threei}  wow
[10:23] {Threei}  what just happened?
[10:24] {dino} out exxi .05, +.15
[10:25] {Threei} Short Setup: IBM  139 break
[10:25] {Threei}  half lot of course
[10:25] {Threei}  .15 stop
[10:26] {Threei}  (US) Fed's Evans: Fed more likely to lease assets through repos rather than sale during an exit policy - Q (related TLT SHY IEF EUR/USD USD/JPY )
[10:26] {Threei}  COCO Hearing renewed takeover chatter circulating (5.13, +0.17, 3.43%)
[10:26] {Threei}  1:1
[10:27] {Threei}  1:2, out
[10:28] {Threei}  anyone is breathing out there?
[10:28] {magoo} still in
[10:28] {Threei}  or am I calling them in the middle of a desert?
[10:29] {magoo} i taken all
[10:29] {magoo} busy
06[10:29] * Threei slaps magoo around a bit with a large roll of cash
[10:29] {Threei}  1:3
[10:29] {Threei}  be reasonable, strong support here
[10:51] {magoo} .
[10:51] {Threei}  TNA...
[10:52] {dino} out meli .85 +.60
[10:53] {Threei}  wtg
[10:53] {dino} ty
[10:53] {Threei}  it tortured you yesterday, compensated today
[10:53] {dino} lol, but true
[10:55] {RonS} mercadolibre...i know what it means but it sounds like one of those masked mexican wrestlers when i say it...
[10:56] {nemo} Jack Black
[10:56] {RonS} lol...great movie
[10:56] {nemo} Piece of work that boy...I liked School of Rock
[10:56] {Threei}  (US) Fed's Dudley: Comment from earlier this month that further action is likely warranted still stands - Q&A
[10:56] {Threei}  - Reminder: on 10/1: Fed's Dudley: Further Fed action to support the economy is likely; reiterates that Fed will not monetize debt
[10:56] {RonS} ya
[10:57] {Les} damn aapl on a roll sweet 10+. anyone?
[10:58] {RonS} i have always said that senior executives are those that can talk out of both sides of their mouth......at the same time
[10:58] {KSystems} hey
[10:58] {nemo} Wie geht es Ihnen Heute?
[10:59] {Threei}  ks!
[10:59] {dino} davd you still in meli?
[10:59] {nemo} Er lebt doch!
[10:59] {KSystems} :-)
[10:59] {nemo} Oh btw...downloaded Clash of the Titans 2010...fun movie
[11:00] {larisa} just came from Netflix, gonna watch it tonight :)
[11:00] {ese} er lebt doch?
[11:01] {KSystems} er lebt!
[11:01] {nemo} He lives still
[11:01] {Threei}  wow... what are you, 14? :)
[11:01] {nemo} you talkin' to me?
[11:02] {Threei}  and larisa
[11:02] {larisa} yes we are
[11:03] {nemo} My nephew's idea, but it was fun
[11:03] {Threei}  okay then... makes sense
[11:03] {nemo} You, the Stewie acolyte
[11:03] {RonS} Stewie rocks.
[11:03] {RonS} and the dog
[11:04] {Threei}  lol
[11:04] {magoo} never saw 1 minute of that show
[11:04] {nemo} If you want an excellent "adult" movie, watch Das Leben er Anderen
[11:04] {nemo} er=der
[11:04] {ese} stewie acolyte......lol
[11:07] {dino} funny show magoo
[11:07] {RonS} how 'bout another illustration of maturity...i love the etrade baby
[11:08] {RonS} "apparenlty riding the dog like a horse is frowned upon here"
[11:11] {Threei}  GS Exec: low activity levels in Q3 hurt many of our businesses - conf call
[11:11] {dino} me too ron
[11:13] {jfjf64} ms
[11:13] {RonS} ms reports bmo tomorrow
[11:22] {magoo} in anything???
[11:23] {Threei}  no
[11:23] {Threei}  watching CAT
[11:23] {Threei}  for possible double bottom off 79
[11:24] {magoo} im looking for shorts
[11:24] {Threei}  if SPY helps, CAT for scalp
[11:24] {Threei}  .05 break
[11:25] {Threei}  for short, I'd go with RIMM
[11:25] {Threei}  .10 break
[11:26] {Threei}  take scalp CAT
[11:27] {Threei}  1:2
[11:28] {Threei}  1:3 for greedy one
06[11:28] * Threei slants at magoo
[11:28] {Threei}  I mean 1:4
[11:28] {Threei}  that's 4 for 4 today
[11:28] {Threei}  did I make up for yesteday?
[11:29] {Les} do you mean you want to go home?
[11:29] {Threei}  always
[11:30] {magoo} yes..what u do..sleep at a holiday inn lasst nite
[11:30] {Threei}  was going to... they didn't let me in
[11:33] {strider} LVS?
[11:33] {RonS} sndk
[11:33] {Threei}  SNDK Hearing vague renewed LBO chatter circulating (39.09, +0.18, 0.46%)
[11:34] {Threei}  not sure LVS... probably short but 51/49
[11:40] {strider} FCX spike
[11:41] {Threei}  keep an eye on RIMM
[11:41] {Threei}  very weak
[11:41] {Threei}  first short candidate on reversal
[12:03] {Threei} Short Setup: CAT  .55
[12:03] {Threei}  if stays under .65
[12:05] {nemo} spy looks short
[12:06] {Threei}  {SPY} I can try and put lifts in my shoes...
[12:07] {Threei}  shots fired at Pentagon building
[12:08] {magoo} sh cat btw
[12:08] {Threei}  1:1
[12:10] {Threei}  5 for 5?
[12:10] {dino} wtfg
06[12:11] * Threei quickly pats himself on the back, before larisa smacked him down
[12:15] {magoo} out here .34 TY
[12:16] {Threei}  :)
[12:19] {kowboy} ty .36 & .41
[12:21] {Threei}  :)
[12:21] {Threei}  ok, anyone to recoignize the setup?
[12:21] {Threei}  it will make catch of the day, and it's a beauty
[12:24] {magoo} BIDU at it
[12:28] {jfjf64} d/b lvs
[12:28] {Threei}  are you all ever lazy...
[12:33] {Threei}  EU) ECB's Stark: Does not see a currency war occuring yet; sees risks of defensive moves like capital controls becoming a "protectionist spiral" - newspaper interview
[12:33] {Threei}  - Believes the ample liquidity in markets could trigger defensive responses.
[12:33] {Threei}  - Maintaining non-standard policy instruments longer than needed gets in the way of normalization.
[12:34] {Threei}  don't you love this "yet"?
[12:42] {Threei}  CAT never even tried to raise its head
[12:51] {Threei} Long Setup:  CAT  .10 break
[12:51] {Threei}  if stays above 79 of course
[12:52] {Threei}  US) Fed's Fisher: Reiterates that outcome of Nov 3rd FOMC meeting has not been determined yet
[12:52] {Threei}  - Unemployment rate is not falling fast enough
[12:53] {Threei}  does not believe a "bloated" Fed balance sheet will help the economy much
[12:54] {Threei}  remains unclear if economic conditions warrant further deployment of the Fed's arsenal.
[13:01] {Threei}  (US) Fed's Kocherlakota: Unclear whether additional easing is the right move; sees 8% unemployment well into 2012
[13:14] {Threei}  poor CAT
[13:14] {Threei}  straight down ever since our short
[13:15] {Threei}  which was based on, no single one of you still told me what
[13:17] {Threei}  Intel Corp Plans to spend $6-8B to build a new fab and upgrade exisiting plants to handle 22-nm tech - CNET (update)
[13:17] {Threei}  - Intel is pledging to spend between $6 billion and $8 billion to build a new chip manufacturing plant and upgrade its existing fabrication plants in Arizona and Oregon. The influx of cash will allow Intel's new and current fab plants to put more muscle behind building the chipmaker's next-generation, 22nm microprocessors, which could eventually power sleeker devices that deliver higher performance and longer battery life at a cheaper cost.
[13:17] {Threei}  - The new fab plant in Oregon, dubbed "D1X," is scheduled to start up its research and development in 2013.
[13:17] {Threei}  OK, no one wants to talk to e
[13:17] {Threei}  back to sleep
[13:19] {larisa} i can talk to you :)
[13:19] {kowboy} I'm a newbie here,ok if I ask the setup for Cat?
[13:20] {larisa} and kowboy too :)
[13:20] {Threei}  what, pity talk?
[13:20] {larisa} no, kowboy wants to know
[13:21] {Threei}  there will be more details in the catch of the day write-up,
[13:21] {Threei}  for now, look at 1 min
[13:21] {Threei}  from
[13:21] {Threei}  10:15 - 10:20 to 12:00 roughly
[13:21] {Threei}  see any setup forming?
[13:22] {kowboy} y same as 11:57
[13:24] {Threei}  I mean look at the whole formation
[13:24] {Threei}  during this period of time
[13:24] {Threei}  see the cup formed from 10:20 to 11:50?
[13:24] {Threei}  and handle started forming,
[13:25] {Threei}  with bottom at .55
[13:25] {ese} basically not my kind of day.......cya tomorow
[13:25] {Threei}  never finished
[13:25] {Threei}  and losing .55 support
[13:25] {Threei}  instead of breaking .70 and triggering long?
[13:25] {Threei}  take care ese
[13:25] {ese} cya vad..........scans are turning up nothing for me......good luck to the rest of you though
[13:26] {kowboy} y, ty, I see obvious after you explain it
[13:26] {Threei}  :)
[13:26] {Threei}  so, .55 break invalidates C&H
[13:26] {Threei}  and broken setup is a setup too
[13:34] {jfjf64} x
[13:46] {Threei}  Most Americans Say U.S. Is Too Politically Correct
[13:47] {Threei}  Voters Trust Republicans More on Eight of 10 Key Issues
[13:49] {dino} meli hl l .25
[13:55] {jfjf64} apa
[13:56] {jfjf64} d/b
[13:57] {dino} meli stopped
[13:57] {jfjf64} holdin102
[13:57] {Threei}  BAC NY Fed and PIMCO reportedly requesting Bank of America repurchase mortgages (12.16, -0.18, -1.46%) (related XHB XLF WFC JPM C )
[13:57] {Threei}  huh?
[13:58] {lilyd} I think it has to do w/possible mortgage fraud from the documents not being handled properly
[13:59] {nemo} spy pivot support .81
[13:59] {Threei}  oh, I see
[13:59] {jfjf64} lvs
[13:59] {nemo} low .76
[13:59] {Threei}  without that context it sounded really weird
[13:59] {dino} they won't be repurchasing
[13:59] {dino} app lod
[14:00] {lilyd} yeah - the mortgage thing is a ticking time bomb
[14:00] {RonS} sm l lvs .10
[14:01] {dino} meli rinsed
[14:02] {RonS} out .99 -.11
[14:03] {Threei}  (US) Discount Rate Minutes from Aug 23: 10 banks requested maintaining rate, two reserve banks requested an incrase to the primary credit rate
[14:05] {jfjf64} poor  aapl
[14:08] {Threei}  US Equity markets hit fresh session lows following reports PIMCO and NY Fed have requested Bank of America repurchase mortgages (related BAC XLF EUR/USD USD/JPY GBP/USD JPM WFC USO GLD )
[14:10] {Threei}  so, if BAC comes out and says "you buy them", market skyrockets?
[14:17] {dino} hal l .00
[14:17] {jfjf64} aapl  308.50
[14:17] {jfjf64} in
[14:20] {jfjf64} grrr
[14:23] {dino} itw l .27
[14:38] {dino} out itw .53, +.26
[14:42] {jfjf64} aapl
[14:42] {jfjf64} c/h
[14:43] {jfjf64} to the low
[14:43] {dino} meli hl l .98 ave
[14:43] {dino} out hal .15, +.15
[14:47] {Threei}  bounce
[14:48] {Threei}  about to start
[14:48] {Threei}  IMO
[14:48] {magoo} candidates?
[14:48] {Threei}  not LVS
[14:48] {jfjf64} x
[14:48] {Threei}  RIMM
[14:48] {Threei}  FCX
[14:48] {Threei}  AAPL
[14:48] {Les} vxx short
[14:48] {Threei}  X yes
[14:49] {Threei}  VXX I don't want to even touch
[14:49] {jfjf64} ty 4 ya blessing
[14:49] {Threei}  with 10 ft pole
[14:49] {Les} :(
[14:49] {magoo} IBM?
[14:49] {Threei}  heavens haven't seen worse tracking device than VXX
[14:49] {Threei}  yes
[14:51] {Threei}  Bank of America Corp NY Fed confirms it is among the group of bondholders who have requested BAC repurchase mortgages - CNBC's Liesman
[14:51] {Threei}  - PIMCO has no comment on earlier reports that it is among those named as bondholders who requested BAC buyback certain mortgages which did not have adequate servicing with concerns relating to 115 bond transactions issued by affiliates of Countrywide Financial.
[14:51] {Threei}  - FOLLOW UP SUMMARY: Reports circulated overnight that a group of institutional bondholders had sued BAC to oblige a repurchase of mortgages. Earlier this afternoon additional reports circulated naming the parties involved the bondholder request to BAC; including Metlife, BLK, PIMCO, NY Fed(mortgage interests are through Maiden Lane) , among others.
[14:51] {Threei}  spiders in the jar?
[14:53] {Threei}  next leg up should take SPY into 117
[14:55] {Threei}  after that, no idea
[14:55] {Threei}  IBM works
[14:55] {Threei}  FCX works
[14:55] {Threei}  X works like charm
[14:56] {Threei}  RIMM is still lseeping
[14:56] {Threei}  even LVS went
[14:56] {dino} exxi l .75
[15:00] {Threei}  IBM is one of the strongest
[15:04] {Threei}  ADBE CEO: will not comment on rumors, values Adobe's independence - Fox Business (update)
[15:04] {Threei}  - REMINDER: ADBE has been the subject of takeover chatter recently, with MSFT and IBM rumored as possible acquirers. A report on 10/7 noted senior execs of ADBE and MSFT met for a hour in recent weeks.
[15:04] {Threei}  don't like this
[15:04] {Threei}  market doesn't either
[15:04] {Threei}  btw, if MSAFT as a suitor made some sense, IBM didn't at all
[15:07] {jfjf64} tza
[15:08] {jfjf64} .74 break
[15:08] {jfjf64} do i hv ya blessings 3i
[15:08] {nemo} be careful of spy bounce
[15:09] {nemo} spy right at pivot support
[15:09] {Threei}  I can't tell jf
[15:09] {Threei}  it's 50/50 here
[15:09] {jfjf64} .69 stop
[15:10] {nemo} maybe short here into trend resistance jf, and get out on further climb
[15:11] {jfjf64} out.81
[15:11] {jfjf64} ty nemo
[15:12] {jfjf64} .70 short
[15:13] {jfjf64} grrr
[15:17] {dino} hal l .95
[15:30] {jfjf64} ibm  s
[15:30] {jfjf64} 137.01 break
[15:30] {jfjf64} c/h
[15:31] {jfjf64} hold.
[15:31] {jfjf64} 20
[15:31] {jfjf64} .20
[15:31] {dino} out hal flat
[15:33] {jfjf64} comon  die
[15:35] {jfjf64} no go
[15:36] {jfjf64} done  later all
[15:36] {Les} ciao jf
[15:36] {jfjf64} ciao les
[15:36] {Les} ditto c u's tomorrow
[15:37] {Threei}  take care jf, les
[15:37] {dino} darn hal
[15:37] {dino} back in ten
[15:39] {dino} mcp
[15:49] {Threei}  RIMM CEO responds to Apple's Jobs: expects 7 inch tablet to be a "big hit;" customers want features that Apple does not offer, like flash (47.15, -1.39, -2.86%) (related AAPL ADBE )
[15:50] {Threei}  if MSFT really wants to fight AAPl in this field, why would it by ADBE... doesn't it make more sense to buy RIMM?
[15:55] {dino} should buy both
[15:57] {Threei}  okay guys
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening
[15:57] {Threei}  see you tomorrow
[15:57] {larisa} bye :)
[15:58] {dino} cya 3i
[16:00] {dino} out exxi .85, +.10

Oct 18 2010

Delayed log posting slightly while waiting for IBM/AAPL reports and market reaction. Nothing interesting to post anyway - no interesting charts, a lot of rinsing. One of those days that shouldn't even make it to calendar.



Session Time: Mon Oct 18 00:00:00 2010
[08:21] {magoo} morn..holy cow, aapl +16, amzn + 9???
[08:24] {Threei}  no... AAPL +.17
[08:24] {magoo} amzn news? sympathy?
[08:26] {Threei}  don't see anything
[08:27] {Threei}  US) Fed's Fisher: Reiterates that Fed is on watch, will take action if necessary, no decision on QE2 will made until the November FOMC meeting - CNBC interview
[08:27] {Threei}  - US will not end up like Japan.
[08:27] {Threei}  - Fed may or may not decided to carry out QE2.
[08:27] {Threei}  - Fed is not a substitute for fiscal authorities
[08:28] {Threei}  - Reiterates feels the most important indicator is whether or not the US is creating jobs
[08:29] {magoo} vad whats QE2 stand for? quantitive easing 2?
[08:30] {jfjf64} mornin
[08:30] {Threei}  yes mags
[08:30] {Threei}  jf :)
[08:31] {magoo} ty
[08:32] {magoo} JF:)
[08:32] {jfjf64} 3i  was lookin at ya photos yest  think ya in wrong profesion    very impressive
[08:32] {jfjf64} mags
[08:35] {Threei}  ty
[08:36] {jfjf64} can tell ya really  enjoy
[08:36] {jfjf64} thats great
[08:37] {jfjf64} looks lk citi must had good earnings
[08:38] {Threei}  I do
[08:38] {Threei}  most expansive (and expensive) hobby I've ever had
[08:38] {Threei}  aside of skirt chasing of course
[08:38] {jfjf64} realy
[08:38] {jfjf64} ahh
[08:38] {jfjf64} yes
[08:38] {Threei}  C Reports Q3 $0.07 v $0.06e, R $20.7B v $21Be
[08:39] {Threei}  interestingly enough, photography as a hobby started for me since I was 8 or so
[08:39] {Threei}  darkroom, developing film myself, enlarger...
[08:40] {Threei}  I still have some prints from that era
[08:42] {jfjf64} wow
[08:42] {jfjf64} 8
[08:43] {Threei}  can't tell you how many cameras I changed since then :)
[08:43] {jfjf64} hobby for 70 years
[08:43] {jfjf64} lol
[08:43] {jfjf64} ibet  lots  of  cameras
[08:44] {Threei}  and if you think they are bloody expensive (my next body, just released, costs 2K), youi should look at the lenses...
[08:45] {jfjf64} gotta run to  store  be  back   for open
[08:45] {Threei}  buy me my next camera?
[08:46] {Threei}  it's not in the stores yet
[08:46] {Threei}  just send me the money
[08:46] {jfjf64} no  prob
[08:46] {jfjf64} 7/7  today
[08:46] {jfjf64} deal
[08:46] {Threei}  hmmm
[08:46] {jfjf64} 1 trade  $1.00
[08:47] {jfjf64} lol
[09:02] {magoo} monster spike amzn
[09:12] {dino} gm all
[09:13] {RonS} gm dino & all
[09:13] {dino} :D
[09:14] {Threei}  dino, ron :)
[09:15] {davd} good morning!
[09:16] {Threei}  davd :)
[09:16] {Threei}  *(US) SEPT INDUSTRIAL PRODUCTION: -0.2% V 0.2%E; CAPACITY UTILIZATION: 74.7% V 74.8%E
[09:18] {khaln} g morning
[09:18] {Threei}  khaln :)
[09:21] {ese} morning
[09:21] {Threei}  ese :)
[09:22] {Threei}  ese's entrance remined me, little local story from saturday
[09:23] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:23] {ese} fire away
[09:23] {Threei}  wife had a little musical gig for couple hours, in the place near warterfront
[09:24] {ese} ahhhhhhh
[09:24] {Threei}  so I decided to drive her and sit in the car next to breakwater with my laoptop and work on last chapter os tao course
[09:24] {Threei}  beautiful weather, beatiful place, girls walk and run by,
[09:24] {Threei}  then as if it was not enough ,
[09:24] {Threei}  two huge grey whales appear right near the shore!'
[09:25] {ese} wow
[09:25] {ese} how close
[09:25] {ese} that would be unusual
[09:25] {Threei}  between the shoreline and lighhouse
[09:25] {patience} they smelt bacon sandwich ese
[09:25] {Threei}  so very close
[09:27] {Threei}  and yes, I had camera with me
[09:28] {Threei}  LVS, zone 38.60 - .60 is low for the last three days
[09:28] {Threei}  watching if we get breakdown
[09:30] {jfjf64} picture of girls runnin by or gray whale
[09:31] {Threei}  since police hasn't arretsed me, whales :)
[09:32] {Threei}  small shares, AAPL long 318 break
[09:33] {Threei}  if holding .70 - .75
[09:34] {Threei}  needless to say, invalidated
[09:34] {magoo} fcx dump
[09:34] {ese} lol
[09:34] {Threei} Short Setup: RIMM  .35 break
[09:34] {Threei}  half lort
[09:35] {Threei}  stop above .45
[09:35] {magoo} in
[09:36] {Threei}  not a scalp if works
[09:36] {Threei}  even though srtop is of scalping kind
[09:36] {Threei}  1:1
[09:37] {magoo} FCX crushed
[09:37] {Threei}  argh... just prepared LVS .70 break short alerts
[09:37] {magoo} LVS dump
[09:38] {magoo} pretty good aapl dump
[09:38] {Threei}  crying about LVS
[09:38] {Threei}  let's see if bounces for conservative entry
[09:39] {Threei}  ok, ideally:
[09:40] {Threei}  going over .70, pausing for a min or two, breaks .70 again while staying under .85
[09:40] {strider} full lot trade?
[09:41] {Threei}  yeah
[09:41] {Threei}  doesn't look like going there
[09:42] {Threei}  market spike
[09:42] {magoo} bidu sh vad
[09:46] {Threei}  now, mags
[09:46] {Threei}  stop above .85
[09:46] {magoo} .65
[09:46] {Threei}  nope
[09:46] {Threei}  (US) Preview: Oct NAHB Housing Market Index due out at 10:00ET
[09:52] {ese} dino....what are you seeing
[09:53] {Threei} Long Setup:  FCX  .85 break
[09:53] {Threei}  half lot
[09:53] {Threei}  if stays above .70
[09:57] {Threei} Long Setup:  CAT  .40 break
[09:57] {Threei}  if stays above .30
[09:58] {Threei}  invalidated
[09:58] {ese} L stx .10
[09:59] {dino} hfst
[09:59] {dino} thin
[09:59] {Threei}  *(US) OCT NAHB HOUSING MARKET INDEX: 16 V 14E (INFORMAL)
[09:59] {dino} medq
[10:00] {Threei}  no go FCX
[10:00] {davd} fcx inval
[10:00] {Threei}  SIGA Strength attributed to ciriculation of EU Medicines Agency grant of orphan drug status dated Oct 1 (13.85, +0.62, 4.69%)
[10:02] {magoo} AMZN bounce ready vad?
[10:02] {Threei}  .50 break
[10:02] {Threei} Long Setup:  TNA  .80 break
[10:03] {dino} medq sm l .30
[10:03] {Threei}  stop under .70 for scalpers
[10:03] {Threei}  .60 for day traders
[10:04] {Threei}  no worky
[10:05] {ese} stx stopped even
[10:07] {Threei} Short Setup: RIMM  .10
[10:10] {Threei}  if stays under .25
[10:11] {dino} goro
[10:12] {Threei}  messy market today
[10:15] {Threei}  sheesh
[10:16] {jfjf64} we better go finf that gray whale today
[10:16] {jfjf64} tk some pictures
[10:16] {jfjf64} lol
[10:23] {Threei}  FCX rinse
[10:23] {Threei}  TNA rinse
[10:24] {Threei}  RIMM rinse
[10:30] {Threei} Long Setup:  DG  .20 break half lot
[10:30] {Threei}  if stays above .10
[10:35] {ese} L ffiv .55
[10:36] {ese} out of your playbook dino
[10:37] {ese} but maybe should hae been in at .40
[10:37] {dino} hmmm
[10:37] {dino} meli
[10:39] {dino} gj ffiv
[10:39] {ese} tks
[10:39] {ese} trailing the stop now
[10:40] {ese} blasted stopped .56 +.01
[10:40] {ese} hmmmmmmmm
[10:40] {ese} was a 1/2 lot
[10:42] {ese} i still think theres some value here........
[10:42] {dino} look for db
[10:42] {ese} ya
[10:43] {Threei}  DG must work, or my name is not Peter O'Toole
[10:43] {magoo} exit target??
[10:43] {Threei}  wait...
[10:44] {Threei}  looks to me like 1:2 should be in cards with any market help
[10:45] {dino} meli sm l .00
[10:47] {davd} in meli .00 small
[10:48] {magoo} no like it vad
[10:48] {dino} stop is .72
[10:49] {Threei}  (GR) Greece PM Papandreou: 2012 GDP to show growth, 2011 to be the last year of the recession
[10:49] {Threei}  heh
[10:49] {Threei}  - Reminder: in late September, Fin Min Papaconstantinou noted he expected growth by the end of 2011
[10:50] {Threei}  so, what's to prevent him to change his prediction again at the end of 2011
[10:51] {Threei}  pmusso, look dcc please
[10:55] {dino} out medq .01, +.71
[10:55] {Threei}  wtg
[10:55] {dino} ty
[10:59] {Threei}  BZH Ticking higher on fresh LBO chatter (4.23, +0.13, 3.17%)
[11:03] {Threei}  CAT
[11:03] {Threei}  oerfect breakout chart but with the way breaks go, do we dare?
[11:08] {dino} meli stopped -.27
[11:09] {RonS} smeli eh?
[11:09] {dino} ffiv drops further
[11:09] {Threei}  that's settled then
[11:10] {Threei}  my name is not Peter O'Toole
[11:11] {davd} out meli, yes smelly
[11:12] {davd} large sale spy at 11:08 am
[11:14] {davd} good out on meli dino.
[11:16] {dino} thx
[11:16] {dino} ffiv interesting
[11:18] {khaln} .
[11:18] {dino} ffiv sm l .00
[11:19] {dino} stop .72
[11:21] {ese} L ffiv .03
[11:21] {ese} ahhhhhgreat minds think alike i see
[11:21] {dino} battleground
[11:21] {Threei}  ooooh.. that's why I don't like FFIV...
[11:22] {Threei}  not a very great mind
[11:23] {ese} hmmmmmmmm   let me think aout that one
[11:23] {ese} i'll send ya memo
[11:23] {dino} stopped
[11:23] {ese} daaaaaa stopped
[11:24] {Threei}  with its volatility I can't even tell whether it's a stop by direction or by natural volaitlity
[11:24] {ese} taken a 5 bean hit........big........should bounce somewhere
[11:24] {dino} a bit radical
[11:24] {Threei}  looks at this
[11:24] {Threei}  yeech
[11:24] {dino} sheesh
[11:24] {ese} bastar&^%&^&^
[11:25] {dino} that sucked
[11:25] {Threei}  don't you hate this kind of things
[11:25] {ese} entr
[11:25] {magoo} wjhy is it so hated, seems crushed everyday FFIV
[11:25] {ese} AUCH DU MIYA!!!!!!!!!!!!!!1
[11:26] {dino} rdwr
[11:29] {Threei}  I don't remember a day I hatd so much as today in recent memory
[11:29] {Threei}  or distant
[11:29] {strider} how about last monday?
[11:30] {Threei}  that's way beyind my distant memory
[11:30] {strider} :)
[11:30] {dino} ugh went a buck
[11:30] {magoo} u hated last thurs vad
[11:30] {Threei}  I did?
[11:32] {Les} .
[11:33] {dino} exxi
[11:34] {magoo} bidu going for 103 imo
[11:34] {magoo} in .50 cross
[11:36] {magoo} thinkin103.90
[11:37] {Les} Tj
[11:38] {Les} This chat room is a graveyard. Dead market is it?
[11:38] {Threei}  thank yopu for the very flattering qualification
[11:38] {Threei}  go sleep now, will ya?
[11:39] {Les} :) morn vad
[11:39] {Threei}  oh, now you decided to be polite {GGG}
[11:39] {Les} when does America change to winter time?
[11:39] {dino} now
[11:39] {strider} when winter arrives
[11:39] {RonS} when it goes below freezing and starts snowing
[11:39] {dino} had flurries friday
[11:40] {Threei}  I still can't believe that dino
[11:40] {Threei}  that's screwed up badly
[11:40] {RonS} jus given u a hard time les...i suspect you meant the time change...
[11:40] {Threei}  here goes your BIDY mags
[11:40] {Threei}  BIDU too
[11:40] {dino} not reallt 3i, two years ago kids had snow day in october
[11:41] {magoo} waiting .84
[11:41] {Les} was gonna tell the numbskulls in this room to belt up, but practicing a bit of w wei Ron
[11:41] {Threei}  was my reality back in Winnipeg days...
[11:41] {Les} wu wei
[11:41] {Threei}  but impossible to even imagine now, from Vitoria point of view
[11:41] {Les} wee wee?
[11:43] {dino} watching hal
[11:43] {Les} miners and GLD stuck. what's your take for the afternoon vad?
[11:44] {Threei}  you don't want my prognosis today les
[11:44] {Les} oh...
[11:44] {Threei}  I am having one of those "can't hit s skyscraper standing 3 ft from it" days
[11:44] {dino} j e t s
[11:44] {Les} how did you begin looking at the day?
[11:45] {Les} short the bounces or buy the pullbacks?
[11:45] {Threei}  both
[11:45] {Threei}  neither worked
[11:45] {Threei}  lol
[11:45] {Threei}  well, actually they did
[11:45] {Threei}  but rinsed almost every time
[11:46] {Les} remember that from summer. my lack of discipline near killed my account
[11:47] {RonS} nuts, vmw reports ah...shoulda been dogging that one
[11:47] {magoo} any sec now vad
[11:48] {RonS} strider...hog reports a.m.
[11:50] {Threei}  here it goes
[11:51] {Threei}  out?
[11:51] {magoo} out + too much tio figure out
[11:51] {Threei}  wtg
[11:52] {magoo} .84
[11:52] {magoo} + like 5 dollars i guess
[11:52] {magoo} [11:33] {magoo} in .50 cross
[11:53] {magoo} [11:34] {magoo} thinkin103.90
[11:53] {magoo} + 1 .34
[11:57] {magoo} feels higher BIDU
[11:57] {magoo} u got read vad?
[12:03] {Threei}  104 break...
[12:04] {magoo} to at leasr .40 area
[12:06] {magoo} in .97
[12:09] {Les} nasty play there bidu
[12:09] {magoo} yea, stopped flat
[12:09] {Threei}  bounce zone
[12:09] {magoo} getting riskier and harder now
[12:15] {Threei}  (FR) France Union reportedly claims it has cut approx 1.5GW of capacity at EDF today, has plans for larger cuts tommorow
[12:15] {Threei}  - Union notes it expects the FOS LNG terminal to be closed on Tuesday due to a lack of gas
[12:18] {Threei} Long Setup:  TNA  .90 break
[12:18] {Threei}  if stays above .80
[12:20] {Threei}  come on
[12:21] {Threei}  this is sure trade, don't rinse
[12:22] {davd} in tna .9 stop .78
[12:23] {davd} large sale spy 12:18
[12:23] {ese} L entr .92
[12:24] {magoo} mkt strenghth has been remarkable
[12:24] {davd} that statement is redundant magoo, as you just remarked
[12:25] {Threei}  lol
[12:25] {magoo} sigh
[12:27] {Threei}  shrug
[12:27] {Threei}  some days shouldn't even make it to calendar
[12:28] {dino} lol'
[12:29] {davd} out tna stopped
[12:30] {magoo} for today, lets go opposite vads calls and get RICH lol
[12:30] {Threei}  absolutely
[12:30] {Threei}  costanza trade is today's motto
[12:31] {dino} some days you eat the bear and...
[12:31] {Threei}  sometimes it rains
[12:31] {dino} lol, but somedays the bear eats you
[12:33] {Threei}  guess who is on TV
[12:33] {dino} magoo
[12:33] {Threei}  you wish
[12:33] {Threei}  and I know how unlikely it sounds
[12:33] {Threei}  but this is exactly the case
[12:33] {magoo} barbara steisand?
[12:34] {Threei}  hmmm
[12:34] {dino} who's he bashing today
[12:34] {Threei}  I need to ponder this one
[12:34] {Threei}  he hosts ascience fair winners, so I guess he will launch tirade against Boehner any moment
[12:35] {Threei}  'cause you know.. any occasion is a good occasion to bash republican
[12:36] {larisa} and vise versa
[12:36] {Threei}  of course
[12:37] {dino} powi l .50
[12:38] {magoo} MMR crushed
[12:39] {dino} ernings miss
[12:39] {dino} earnings
[12:40] {dino} exxi l .91
[12:41] {davd} in powi .5
[12:50] {magoo} vad, 105 a launch pad BIDU? the whole number?
[12:51] {Threei}  can't answer that
[12:52] {Threei}  it's on upward march
[12:52] {Threei}  but exact trigers on it is not very reloabnle
[12:53] {Threei}  too volatile
[13:02] {Threei}  my very last attempt for today:
[13:02] {Threei} Long Setup:  LVS  .60 break if holding above .50
[13:03] {magoo} so short here
[13:03] {Threei}  .55 break is aggressive entry
[13:03] {Threei}  target .85 - .90
[13:11] {ese} gotta go catch you all tomorrow ....still long entr at .92
[13:11] {Threei}  take care ese
[13:11] {Threei}  LVS invalidated
[13:12] {dino} cya es
[13:12] {Threei}  magoo in the money as his short is working (as it well should on a costanza day)
[13:15] {dino} out exxi .06 ave, +.15
[13:16] {Threei}  BIDU works
[13:18] {khaln} .
[13:19] {Threei}  (US) Fed's Lockhart: Leaning in favor of more monetary stimulus, believes another round of asset purchases could help the economy beyond increasing credit
[13:19] {Threei}  - Sees risk of disinflation leading to deflation, may support Fed QE to prevent deflation.
[13:19] {Threei}  - Expects US GDP growth to pick up modestly from Q2 level, sees downside risks to growth.
[13:19] {Threei}  - Sees modest growth increase in Q4, but with downside risks.
[13:24] {davd} move powi stop dino?
[13:25] {dino} flat
[13:26] {dino} partially out
[13:26] {dino} some went for .66
[13:28] {Threei}  (US) Fed's Lockhart: Inflation target should be at around 1.7-2.0% - Q (related TLT SHY IEF EUR/USD USD/JPY GBP/USD USD/CAD )
[13:29] {Threei}  is it amazing that inflation is considered necessary component of healthy financial system?
[13:30] {dino} it is, cheaper to pay back loans, etc w/inflated $. deflation more expensive because you have less $ w/same loan amount
[13:31] {davd} ok, i'll keep the stop
[13:31] {Threei}  why should it be inflation or deflation
[13:31] {Threei}  how about steady baseline
[13:32] {dino} borrowing
[13:32] {Threei}  not punishing savers, not rewarding borrowers
[13:32] {Threei}  everyone lives with consequences of their choices
[13:32] {dino} out remainder powi, ave toal .63,
[13:32] {dino} +.13
[13:33] {dino} 3i, think of it as why do you speculte? for higher prices
[13:33] {Threei}  I can live with lower prices as well :)
[13:33] {Threei}  that's why they invented sell short button
[13:34] {davd} out powi +.06
[13:34] {dino} my point tho in simple terms, nobody buys a stock or house to remain stagnate. they "invest" to grow
[13:34] {Threei}  well, I underatand that but
[13:34] {Threei}  there is another model
[13:34] {Threei}  it,
[13:34] {dino} capitalism requires some inflation otherwise nobody moves
[13:34] {Threei}  in it
[13:34] {Threei}  house is not an investment but a place to live
[13:34] {Les} I like the old american model
[13:35] {dino} not in usa
[13:35] {Threei}  and stocks go up on tyhe merits of business, not on increased money supply
[13:35] {Les} where a $ was a buck for 200 years
[13:35] {Les} I could happily raise livestock for a fair wage
[13:35] {dino} and you forget the biggest reason for inflatio, govt spending/deficits. the only way out
[13:36] {Threei}  sure, that one I know
[13:36] {Threei}  who doesn't... that's what ruins us
[13:37] {dino} well, that is reality my friend
[13:37] {Threei}  yeah
[13:38] {dino} as you always said to me years ago, "be water"
[13:38] {Threei}  just amazing how they managed to make this concept an inalienable part of society, psyche
[13:38] {davd} good out on powi dino
[13:38] {dino} yeah, lets see if lod holds. also .75 on exxi if holds
[13:41] {dino} hal around .60 too
[13:47] {magoo} VAD, lvs valid again?
[13:49] {Threei}  I believe so
[13:49] {Threei}  you are shorting?
[13:50] {magoo} ok, long it is
[13:50] {Threei}  stop under .40 of course
[14:03] {dino} l exxi .75
[14:07] {Threei}  covering LVS here mags?
[14:13] {dino} out exxi .98, +.23
[14:17] {Threei}  AAPL Signs agreement with three Chinese distributors to provide more sites to sell the iPad - Shanghai Daily
[14:22] {Threei}  BIDU next spasm of buying
[14:27] {Threei}  LVS
[14:27] {Threei}  get out here who took it long
[14:28] {dino} l powi .40
[14:29] {davd} in powi .4
[14:33] {davd} stop on powi dino?
[14:34] {dino} .24
[14:45] {magoo} vad  BIDU whats gut say ? 106-107
[14:47] {Les} starting to test support levels mags
[14:49] {Threei}  feels so mags
[14:49] {Threei}  it retreats, consolidates ands jumps again
[14:49] {Threei}  and market is looking up again
[14:50] {Threei}  AMGN FDA panel votes 15-1 Aranesp should continue to be used in pre-dialysis patients (57.50, +0.79, 1.39%)
[14:52] {Les} failed support levels mags
[14:52] {Les} .50 bounce in the cards
[14:53] {Les} traders are simultaneously screaming "eject, eject, eject!"
[14:55] {magoo} wheres bounce vad?
[14:56] {Threei}  one more leg down... about .70 - .80
[14:56] {Threei}  103.70 that is
[14:58] {dino} stop powi
[15:00] {davd} stop powi
[15:02] {Threei}  4755.JP Rakuten and BIDU to open China e-commerce site - WSJ (related AMZN )
[15:19] {dino} powi rinse
[15:21] {Threei}  (SR) Saudi Oil Min: World oil reserves remain plentiful, Saudi Arabia still has access to "easy" oil (related USO UNG OIH USD/GCC GAF )
[15:21] {Threei}  what? no poeak oil?
[15:21] {Threei}  peak
[15:23] {RonS} similar to no peak aapl price...
[15:23] {Threei}  (GR) EU's Juncker: Greece has not asked for an extension of repayment period
[15:24] {Threei}  as in: what to extend, we are not going to pay it at all
[15:28] {Les} as in ECB will continue recycling their debt until the journalists get bored of pestering the ECB
[15:29] {jfjf64} gone all day  miss alot
[15:30] {Threei}  not really
[15:30] {Threei}  day when one should be waking up at all
[15:30] {dino} zzzzzzzzzzzzzzzzzz
[15:30] {Threei}  mags gooked couple good ones
[15:30] {Threei}  hooked
[15:31] {jfjf64} will go through blog tonight
[15:31] {Threei}  I am useless like pliers in the sauna
[15:31] {jfjf64} lol
[15:31] {jfjf64} good one
[15:33] {Threei}  called one winner, LVS... but everyone ignored it after tinses before :)
[15:33] {Threei}  rinses
[15:33] {jfjf64} na  they  treating ya lk dog  with fleas???
[15:34] {jfjf64} look aapl
[15:34] {jfjf64} imo  hod  soon
[15:34] {dino} 4 of 7 jf, light day
[15:35] {jfjf64} whats wrong  with that
[15:35] {dino} sometimes i expect too much, thats all
[15:36] {Les} can't ask too much of Wall St. on a Monday dino
[15:36] {jfjf64} isnt it tuesday where ya at les
[15:37] {Les} a few more drinks and I'll be there jf
[15:37] {jfjf64} really
[15:37] {jfjf64} lol
[15:37] {Threei}  lol
[15:38] {Les} what else r us supposed to do when Monday is trading so slowly?
[15:38] {dino} back in ten
[15:38] {magoo} vad, aapl after bell, up down?
[15:38] {Threei}  hmmm
[15:40] {Threei}  no feel mags
[15:49] {dino} .
[15:50] {Threei}  no... no gut signal from AAPL
[15:54] {Les} BAC got a nice ascending triangle going into close
[15:54] {Threei}  with AAPL and IBM reporting... kind of scary to commit to any overnight holds
[15:54] {Les} ok
[15:58] {Threei}  AAPl won't get halted for earnings?
[15:58] {Threei}  they used to do it rehularly
[15:58] {Threei}  per company request
[16:01] {Threei}  let's see what AAPl says
[16:03] {RonS} vmw spike
[16:04] {Threei}  VMW Reports Q3 $0.39 v $0.35e, R$714M v $698Me
[16:06] {dino} bac restarting foreclosures 10/25/10
[16:06] {Threei}  doubles the speed, too?
[16:06] {Threei}  ro compensate for the pause
[16:07] {RonS} cwtr halted
[16:07] {Threei}  AAPL getting nervous
[16:08] {Threei}  IBM too
[16:08] {RonS} me too
[16:08] {RonS} Les is still here...
[16:09] {Threei}  he just passed ut forgetting to disconnect
[16:09] {Threei}  IBM Reports Q3 $2.82 v $2.75e, R$ v $24.1Be
[16:09] {davd} me here
[16:09] {Threei}  R$24.3B v $24.1Be
[16:10] {Threei}  - Guides FY10 EPS at least $11.40 v $11.27e
[16:10] {Threei}  hmmm
[16:10] {Les} how is IBM chart behaving?
[16:10] {Threei}  drops like a rock
[16:10] {RonS} down
[16:11] {Les} sell the news hey... let's see tomorrow
[16:11] {RonS} i think this happened last quarte in the ah to ibm...and then it recovered the next day
[16:11] {Threei}  could be... I don't see anything negative in the report
[16:11] {davd} s&p futures down a bit as well.
[16:11] {dino} this looks like a better report than last time
[16:12] {RonS} me either...
[16:12] {RonS} BRIC growth
[16:12] {Threei}  gross marging a little worse than last q
[16:12] {Threei}  so what
[16:13] {davd} ibm guidance is not quite good enought for the raised expectations
[16:13] {dino} gap around 135.40
[16:13] {RonS} well, 130 was the cap on this for a long time...maybe a retest and can go from there...
[16:14] {dino} also 131, 128
[16:14] {dino} 123
[16:16] {RonS} vmw gave it all back
[16:16] {Threei}  CWTR Guides Q3 -$0.19 to -$0.14 v $0.03e, R$225-230M v $280Me ($0.01 to $0.04 prior guidance)
[16:18] {Threei}  and mor, VMW
[16:19] {RonS} cwtr is going to get whacked
[16:21] {Threei}  just a thought:
[16:21] {dino} calling it a day. later all
[16:21] {Threei}  if AALP posts great numbers and explodes, IBM will be a good buy to track it
[16:22] {Les} how long before AALP posts numbers?
[16:22] {Threei}  shrug
[16:22] {Les} hmmm c u's tomorrow then.
[16:22] {RonS} ...hearing they are too busy shipping to report...:D
[16:22] {Threei}  take care Les
[16:23] {RonS} cya les
[16:23] {magoo} ZION out
[16:27] {Threei}  AAPL Halted" News pending (318.00, +3.26, 1.04%)
[16:27] {Threei}  as usual
[16:28] {Threei}  scalped IBM .53 - .90
[16:28] {RonS} gj
[16:28] {Threei}  okay... gotta leave
[16:29] {magoo} your earlier mention of that vad kept me out THANX
[16:29] {Threei}  will see how AAPL saga ends later
[16:29] {Threei}  :)
[16:29] {Threei}  see you tomorrow

Oct 15 2010

Nice strong morning with 100% performance, followed by a sleepy afternoon. No interesting charts to show, but do read a discussion of yesterday's GOOG pre-earnings long call, 8:52 - 9:01.

Session Time: Fri Oct 15 00:00:00 2010
[08:03] {magoo} mornkjikjhgkjgEgging
[08:09] {magoo} its just the GOOG show on all channels all the time
[08:24] {magoo} nemo wakes up, enters room, takes a look, and quits lol
[08:24] {Threei}  can you blame him?
[08:24] {Threei}  I'd do the same if I hgad a choice
[08:26] {Threei}  so mags
[08:26] {Threei}  how many points you grabbed of GOOG meteoric rise?
[08:27] {magoo} u will either cry with joy or cry with disappointment if i tell u
[08:27] {magoo} so u got tissues handy?
[08:28] {Threei}  just a sec
[08:28] {Threei}  ok, got it
[08:28] {Threei}  go ahead
[08:28] {strider} let the healing begin.
[08:28] {magoo} i had very good day trading and decided worked to hard to gamble it....so i watched but took ZERO
[08:29] {Threei}  wow... you may be maturing as a ttrader
[08:29] {magoo} any tears?
[08:29] {Threei}  I am all misty-eyed
[08:30] {magoo} me too, but mine are tears of pain to miss such a run
[08:31] {Threei}  ok, I take the maturing part back
[08:31] {Threei}  lol
[08:31] {Threei}  you know it was pure gut call on my part
[08:31] {Threei}  and risk control was impossible on that trade
[08:32] {magoo} i know, but yuor gut is well respected on the american continent, in trading rooms and RESTAURANTS alike
[08:32] {Threei}  I sincerely hope you are not referring to it as a pork belly
[08:51] {lilyd} good morning...
[08:51] {Threei}  lily :)
[08:52] {lilyd} 3i, I have an early morning question.  I wasn't here yest afternoon, but read the dialogue on GOOG.
[08:53] {Threei}  one where larisa chided me for being superficial and bragging? :)
[08:53] {lilyd} What made you think that it was a "trap" and would turn around and go up big - as it did?
[08:53] {Threei}  honestly lily, pure gut feel
[08:53] {Threei}  no technical read it it
[08:54] {Threei}  best I can describe it:
[08:54] {Threei}  watching its action,
[08:54] {Threei}  watching market selling off of its recent highs ahead of major earnings announcement,
[08:55] {Threei}  seeing how it sold about 4 bucks or so (which is nothing for GOOG) and stubbornly refused to sell any further.
[08:55] {Threei}  everything in me screamed "bear trap."
[08:56] {Threei}  it's just something that comes from years of seeing a lot of situations
[08:56] {Threei}  and learning to recognize some of them.
[08:56] {Threei}  same for APOL short call
[08:56] {Threei}  but as far as actual trade goes.
[08:56] {Threei}  it's about risk control for me
[08:57] {Threei}  whch was tough but douable on APOL
[08:57] {Threei}  but impossible on GOOG.
[08:57] {Threei}  so APOL got official call status
[08:57] {Threei}  while GOOG didn't
[08:57] {magoo} how'd u like the Top Gun read lol?
[08:57] {Threei}  hope I didn't disappoint you too much with this answer but this is the best I can do
[08:58] {lilyd} not disappointed - just hoping to learn something - thanks
[08:59] {Threei}  it comes to you
[08:59] {Threei}  step by step.
[09:00] {Threei}  some thing you can rush a bit,
[09:00] {Threei}  some must happen at their natural pace
[09:01] {Threei}  this collecting of arsenal of recognizable situations, while can be sped up by deliberate observations, requires an actual experience, time put in so to speak
[09:01] {Threei}  as you need to be there while things happen, not just think of it and realize something
[09:02] {RonS} gm all...summary of Bernanke speech: "I sure like my helicopter, and will continue to use it".
[09:02] {Threei}  Ron :)
[09:04] {RonS} euro ripped through 1.41 on speech but has given all back and then some
[09:04] {RonS} ...but the .tnx is up .45 to 25.40
[09:04] {strider} short AMLN .88
[09:05] {Threei}  *(US) OCT EMPIRE MANUFACTURING: 15.7 V 7.0E
[09:05] {Threei}  *(US) SEPT CONSUMER PRICE INDEX M/M: 0.1% V 0.2%E; CPI EX FOOD & ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 218.439 V 218.605E
[09:05] {Threei}  *(US) SEPT ADVANCE RETAIL SALES: 0.6% V 0.4%E; RETAIL SALES LESS AUTOS: 0.4% V 0.3%E
[09:06] {Threei}  (US) Fed's Bernanke: Fed's next steps are contingent on economic data, Fed must proceed with caution on more asset buying
[09:06] {Threei}  - Inflation is too low, may stay that way for some time. At current rates of inflation, short-term real interest rates are too high.
[09:06] {Threei}  - The risk of deflation is higher than is desirable.
[09:06] {Threei}  - Notes that evidence suggests that asset buying is effective in aiding the economy. Warns that balance sheet expansion is a risk to inflation expectations.
[09:06] {Threei}  - Fed needs to weigh the costs and benefits in deciding how aggressive to be with pace or size of any asset purchases.
[09:06] {Threei}  - High level of unemployment is cyclical, not structural. Unemployment will likely persist for some time. Prolonged high unemployment poses risks to a sustainable recovery.
[09:06] {Threei}  - The economic recovery has slowed, growth will be fairly modest in the near term.
[09:06] {Threei}  - QE2 would have undesirable impact on inflation expectations.
[09:06] {Threei}  - Note: Statement mostly repeats the context of the minutes from the 9/21 FOMC meeting; affirming that deflation risks are high, and that more QE could be deemed necessary in the future; note in the minutes members were quoted as saying that unless the pace of economic recovery strengthened or underlying inflation moved back toward a level consistent with the Committee's mandate, they would consider it appropriate to take action soon.
[09:07] {Threei}  - QE2 would have undesirable impact on inflation expectations.
[09:10] {Threei}  Euro vs US Dollar USD weakens against European pairs following Fed remarks
[09:10] {Threei}  - EUR/USD at fresh 9 month highs at 1.4159
[09:10] {Threei}  - Fed Gov Bernanke initial comments sent the USD weaker across the initial text of the Fed speech appeared to be a cause for action on quantitative easing (QE2).
[09:10] {Threei}  - EUR/USD tested its highest level since Jan as the texted highlighted that prospects of little job growth and desire for higher inflation. Dealers noted that Bernanke did not officially state QE is coming explicitly, and he outlined the potential drawbacks of doing so but that the relevant message.
[09:10] {Threei}  - The message that comes through in the text of fed speak was that the hurdles needed to justify QE have been met.
[09:11] {Threei}  (US) Fed's Lockhart: Gap in unemployment can be addressed through policy, despite some structural elements - Q
[09:11] {Threei}  really?
[09:12] {davd} dollar (uup) rebounds from lows of morning back to above yesterdays close.  conversely gld has dropped below yesterday's lows
[09:13] {Threei}  it can be the first indication of serious buck rebound
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:13] {larisa} vad :)
[09:14] {Threei}  - Labor market appears to show indications that there is a misalignment in skills through the labor force
[09:14] {davd} all ;)
[09:14] {Threei}  davd :)
[09:16] {dino} gm all
[09:17] {Threei}  dino :)
[09:17] {ese} morning
[09:18] {ese} out yahoo pre mrkt ..18 +.23 from yesterday
[09:18] {Threei}  ese :)
[09:19] {ese} morning vad
[09:23] {ese} stx
[09:23] {khaln} morning
[09:23] {ese} k
[09:23] {Threei}  khaln :)
[09:23] {RonS} Seagate: Report TPG, KKR Bid $16/Shr; Offer Worth $7.55 Bln
[09:24] {RonS} ...via barron's
[09:25] {RonS} wdc up in sympathy w/ stx
[09:30] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {jfjf64} spy going crazy
[09:32] {ese} vad........which route do you use when you trade pre mrkt
[09:32] {Threei}  NASDAQ
[09:32] {Threei}  I amnot sure route naming is universal across the brokers though
[09:32] {Threei}  you may have it as ISLD or INET
[09:33] {Threei}  QCOR FDA Approves H.P. Acthar Gel for the Treatment of Infantile Spasms
[09:33] {ese} not it's set to auto.....that yahoo pre mrkt took along time
[09:35] {Threei} Long Setup:  LVS  .30 break
[09:35] {Threei}  if stays above .20
[09:36] {Threei}  recalibrate
[09:36] {Threei}  .23 break
[09:36] {Threei}  if holding .15
[09:38] {davd} in lvs .23
[09:40] {Threei}  it invaliadted earlier by losing .15
[09:41] {davd} at 9:35 am, right
[09:42] {nemo} How's it going?
[09:43] {Threei}  no trades yet
[09:43] {Threei}  (US) Preview: Oct Preliminary University of Michigan Confidence data due out at 09:55ET
[09:44] {Threei}  **Consensus expectations: 0.5%e v 1.0% prior
[09:44] {Threei}  (US) Preview: Aug Business Inventories due out at 10:00ET
[09:45] {Threei}  CLNE Early strength attributed to chatter larger holder could make a bid for the company (14.94, +0.52, 3.61%)
[09:48] {Threei} Short Setup: RIMM  .80 break
[09:48] {Threei}  if stays under .90
[09:49] {strider} long BJ .06
[09:50] {jfjf64} liittle  spy  help
[09:51] {jfjf64} hmm
[09:51] {Threei}  make RIMM two-sided setup
[09:51] {Threei}  if holding .80 under such market pressure, will deserve long
[09:52] {Threei}  in fact, cancel short side
[09:52] {Threei}  likely to be a trap
[09:52] {Threei}  over 1:1
[09:52] {Threei}  half out
[09:52] {Threei}  scalpers get out
[09:53] {strider} stop BJ -.10
[09:53] {jfjf64} +11 cents
[09:53] {jfjf64} ty
[09:54] {Threei} Long Setup:  LVS  .90 break
[09:55] {magoo} in
[09:55] {jfjf64} in
[09:56] {Threei}  stop is so self-explanatory, I won't insult your intelligence by mentioning it
[09:56] {nemo} you better explain it to Les
[09:56] {nemo} oh, he's not here
[09:56] {davd} not for me .78?
[09:56] {Threei}  *(US) OCT PRELIM UNIVERSITY OF MICHIGAN CONFIDENCE: 67.9 V 68.9E
[09:57] {nemo} well, gotta' go...
[09:57] {Threei}  hmmm
[09:57] {jfjf64} i know ya talkin to magoo
[09:57] {Threei}  bad numbers, but not overly bad
[09:58] {Threei}  market sells, LVS holding...
[09:58] {magoo} 'bad is the new good
[09:58] {jfjf64} yas
[09:58] {Threei}  so far so good
[09:58] {Threei}  1:1
[09:58] {Threei}  half out
[09:58] {jfjf64} oh  baby
[10:00] {strider} avg amln .955 short
[10:00] {Threei}  held .90 on pullback with amazing precision so far
[10:00] {ese} any thoughts on apol
[10:01] {Threei}  hmm
[10:01] {Threei}  feels like bounce...
[10:01] {Threei}  no, made new low
[10:01] {ese} looks like it make a good run at the end of the day yesterday
[10:02] {Threei}  *(US) AUG BUSINESS INVENTORIES: 0.6% V 0.5%E
[10:02] {Threei}  scalpers win on LVS
[10:03] {Threei}  APOL nears yesterday's low
[10:03] {Threei}  must be a long setup here somewhere
[10:03] {Threei}  don't be in a rush
[10:03] {Threei}  let's let it form
[10:04] {magoo} with ya
[10:04] {Threei} Long Setup:  APOL  .55
[10:05] {Threei}  stop under .40
[10:05] {Threei}  if takes .60, should rocket
[10:07] {jfjf64} bounce
[10:07] {jfjf64} ya
[10:07] {Threei}  it's trying... market is no help though
[10:08] {Threei}  EUR/USD Euro retraces earlier highs to test 1.4000
[10:08] {Threei}  so far so good... let's take .60 now
[10:08] {ese} in
[10:09] {jfjf64} like
[10:09] {davd} uup above yesterday high
[10:09] {ese} flint
[10:10] {Threei}  good boy
[10:10] {Threei}  to the moon alice
[10:10] {Threei}  1:1
[10:11] {ese} out
[10:11] {ese} .74 +.23
[10:11] {ese} tks
[10:11] {Threei}  :)
[10:12] {jfjf64} still in
[10:12] {Threei}  running the risk of larisa chiding me - what a precision of stop placement
[10:13] {magoo} beauty
[10:13] {kowboy} ty out .73 excellent stop
[10:13] {Threei}  welcome
[10:14] {Threei}  that's 3:3
[10:14] {Threei}  can I go home?
[10:14] {strider} absolutely not.
[10:15] {jfjf64} looks  ge
[10:15] {jfjf64} wants  higher
[10:15] {jfjf64} imo
[10:16] {jfjf64} .52  hold .44
[10:17] {magoo} any read FCX vad?
[10:17] {strider} out 1/2 AMLN +.18
[10:19] {jfjf64} no go
[10:19] {Threei}  .50 break was short trigger in retrospect
[10:19] {Threei}  no new setup yet
[10:20] {strider} FCX bounce?
[10:20] {ese} question is...........who pee"d" on the markets cornflakes
[10:21] {Threei}  strider... [10:19] {Threei} no new setup yet
[10:21] {jfjf64} lol
[10:21] {ese} big reversal.......point and a bit
[10:21] {jfjf64} .30 recross
[10:22] {ese} michigan confidence number?
[10:22] {jfjf64} grr
[10:22] {strider} BODY open
[10:22] {RonS} euro busted 1.40
[10:22] {Threei}  09:56] {Threei} *(US) OCT PRELIM UNIVERSITY OF MICHIGAN CONFIDENCE: 67.9 V 68.9E
[10:23] {Threei}  take me off ingore folks, will ya
[10:23] {jfjf64} lol
[10:23] {jfjf64} just when i think i know what doing
[10:23] {Threei}  just so that no one susapects strider of violating rules of family room,
[10:23] {Threei}  BODY IPO opens for trade at $14.49
[10:24] {jfjf64} all ya fault  strider
[10:24] {jfjf64} lol
[10:24] {strider} don't know what I did, but I'm holding Les responsible.
[10:24] {Threei}  this is safe way out
[10:25] {ese}  i saw the previous post......was just wondering if that was the big factor........it wasn't that bad compared to some confidence numbers
[10:25] {Threei}  true
[10:25] {Threei}  but I don't think today is about those numbers
[10:25] {jfjf64} .50  support
[10:25] {jfjf64} fcx
[10:25] {jfjf64} ??
[10:25] {Threei}  it's all about USD, QE2 expectaions etc
[10:25] {Threei}  FCX does become interesting
[10:26] {Threei}  no setup yet
[10:26] {magoo} i took oo's
[10:26] {RonS} ...and the financials getting murdered...
[10:26] {jfjf64} yeah
[10:26] {RonS} bac -.80  11.82
[10:27] {magoo} no go
[10:27] {jfjf64} cat
[10:28] {dino} mtb hl l .85
[10:30] {jfjf64} vmw
[10:30] {dino} dmnd
[10:30] {jfjf64} .56  break
[10:32] {jfjf64} hold .74
[10:33] {ese} dino ....you lookin at anything
[10:33] {dino} in mtb thats all so far, waiting to see a shakeout or plunge
[10:34] {ese} L or sh
[10:34] {dino} l
[10:34] {dino} eyes on asps, eqix, both hold well
[10:35] {dino} and on some planters almonds
[10:35] {ese} tks
[10:35] {strider} long cashews
[10:35] {dino} lol
[10:35] {magoo} peanuts here
[10:36] {ese} been watching mat.....dn 1.86........not quite 2 but it may work
[10:36] {dino} the best trading foods
[10:36] {magoo} nuts-the choice of daytraders everywhere
[10:36] {dino} amsc, giii too es
[10:37] {ese} has a buy rating of 31
[10:37] {dino} apol lod
[10:37] {ese} will check those out
[10:37] {dino} chk holds well too
[10:38] {dino} colm -2 yesterday, holds fair today
[10:40] {ese} mat flatlined
[10:40] {RonS} big blocks trading lvs
[10:40] {dino} born blood
[10:41] {RonS} that just ain't right dino
[10:41] {dino} eqix l .33
[10:41] {dino} ?ron?
[10:42] {ese} giii  i guess signing an agreement with the NFL doesn't gaurantee success
[10:42] {dino} thought nike got it
[10:42] {RonS} they did
[10:43] {RonS} apparel exclusive...just as they go on strike...
[10:43] {ese} news report yesterday said something about an expanded liscense agreement
[10:43] {dino} mtb to .19
[10:43] {ese} be careful with eqix ron
[10:43] {RonS} uhh...dino...
[10:46] {ese} damn dino.....nice dollar run amsc
[10:47] {dino} missed it
[10:47] {ese} moi aussi
[10:47] {dino} out mtb .55, +.70
[10:48] {ese} well done
[10:49] {kowboy} rimm weak
[10:50] {dino} ty
[10:50] {dino} giii
[10:50] {ese} " come mister teeleeee man....tedleee me da market"
[10:51] {dino} sm l giii .97 ave
[10:51] {ese} good on ...that 14pts spread is scaring the you know what out of me
[10:52] {ese} good on ya
[10:52] {dino} sometimes you gotta say, "what the f*ck"
[10:53] {dino} colm sm l .99
[10:53] {ese} lol
[10:54] {ese} L apol .66
[10:55] {Threei}  (US) President Obama to announce plan for $250 payment to Social Security recipients (related MUNIS )
[10:55] {Threei}  (US) New York City's Brooklyn Bridge has reportedly been closed due to suspicious package (related MUNIS )
[10:57] {ese} ya......thats where it is.........left my lunch bag there 18 years ago
[10:57] {dino} lol
[11:02] {dino} out giii .58, +.61
[11:04] {kowboy} joe parabolic
[11:04] {ese} nice dino.......
[11:05] {ese} L mat .10
[11:06] {dino} ty
[11:10] {ese} mat stop to .25
[11:11] {dino} gj
[11:11] {ese} sorry thats .24
[11:11] {ese} stop to .30
[11:11] {ese} out .35
[11:12] {ese} +.25
[11:12] {ese} apol you sloth.......get up dere
[11:17] {magoo} WYNN got it all back vad
[11:17] {ese} dino....what were you looking for with giii.........does the fact that volume was thinish....help it move farther
[11:17] {dino} yes
[11:17] {dino} pull up a 3 month
[11:18] {ese} ok done
[11:18] {dino} see pattern
[11:18] {ese} bottoming tails
[11:18] {ese} pullback of bottoms?
[11:19] {Threei}  looked at it a few times mags...
[11:19] {dino} support areas, 10% down in hour, go long
[11:19] {Threei}  couldn't see safe setup
[11:19] {ese} 10% dn from where....today or 2 days ago
[11:19] {RonS} adbe
[11:21] {ese} ahh sorry stupid question
[11:21] {ese} in an hour
[11:23] {khaln} ,
[11:27] {dino} cash, hsft
[11:31] {dino} nah
[11:31] {Threei}  (IR) Ireland Financial Regulator: Expects mortgage arrears cases to get worse, notes that bankruptcy reforms are overdue
[11:31] {Threei}  Adobe Systems Inc Hearing takeover chatter circulating
[11:31] {Threei}  - IBM rumored as a potential acquirer
[11:33] {RonS} ...boy, that doesn't make any sense to me...
[11:37] {dino} eqix to .48
[11:38] {dino} out ave .50, +.17
[11:43] {Threei}  (US) Treasury's Currency Manipulator Report will reportedly be released at 13:00ET - unconfirmed report (related EUR/USD USD/CNY EUR/CNY USD/JPY TLT SHY )
[11:43] {Threei}  hmmm
[11:44] {Threei}  Idon't think I've ever seen such warning
[11:44] {RonS} wow
[11:45] {dino} out colm .76 -.23 thing won't go up
[11:47] {ese} now that is interesting........
[11:50] {dino} amsc
[11:53] {Les} ciao. how goes the morning?
[11:53] {dino} 3/4
[11:54] {dino} amsc sm l .50
[11:56] {Les} that good hey?
[11:56] {Threei}  3:3
[11:56] {Les} cool
[11:56] {ese} talk about your fossbury flop.......if apol get anymore exciting i won't be able to stand it
[11:56] {Threei}  not finding much since then
[11:56] {ese} gets
[11:56] {Threei}  lol ese
[11:57] {Threei}  US Probing China green technology trade policies, citing complaint from american labor group which feels China is unfairly supporting the green technologies - WSJ (related TAN FAN STP CSIQ JASO YGE TSL LDK SOLF )
[11:57] {Threei}  unfairly supporting the green technologies?
[11:57] {larisa} what?
[11:57] {Threei}  how's that?
[11:57] {larisa} made me laugh
[11:57] {Threei}  not that I consider most of those technologies worth supporting, but what the deuce does it mean
[11:58] {larisa} I think backend  produce is much cheaper over there, so US green companies  offshoring
[11:58] {Les} it means China doesn't pay union rates
[11:59] {Les} CRIKEY GOOG nice call Vad
[11:59] {larisa} sigh
[11:59] {Les} ?
[12:01] {Threei}  she can't stop berating me for one self-pat on my back, Les :)
[12:01] {Les} dislocated your shoulder yet?
[12:02] {larisa} lol
[12:02] {Threei}  but then again, she is berating me for what goes on 10 years now, so I kind of consider it a part of daily exercise
[12:02] {Les} penitence Vad, penitence
[12:02] {Threei}  keeps me in shape and delivers her joy :)
[12:03] {Threei}  and yes, I am full of that thing.. penitence
[12:03] {Les} damn finnies X, aig all the favourites in step with the index. meandering day
[12:03] {Threei}  - Article notes that on on Sept 9 the United Steelworkers petitioned the Obama administration to probe export restraints, subsidies, discrimination against foreign companies that would harm U.S. interests and run counter to global trade rules.
[12:03] {Threei}  wow APOL
[12:03] {Threei}  oversold gets what?
[12:04] {Threei}  right, oversolder
[12:04] {ese} out apol .25 -.40  1/2 lot daaaaaaaaaaaaaaaaaaaa
[12:04] {Threei}  until it becomes what?
[12:04] {Threei}  right, oversoldest
[12:04] {Threei}  then it sells some more
[12:04] {Threei}  and only then it bounces
[12:05] {Les} esi still green. could be a short
[12:06] {ese} ok.....how do you determine the oversold/oversold condition
[12:06] {Threei}  well
[12:06] {dino} 35 coming, i was day early
[12:07] {Threei}  there is this notion that some indicators give you this idea
[12:07] {Threei}  most common are stochastic and RSI
[12:07] {ese} i'm all eyes
[12:07] {ese} i don't use those
[12:08] {Threei}  neither do I
[12:08] {Threei}  stochastic reading under 20 is considered oversold, and above 80 - overbought
[12:08] {Threei}  the only problem is, in trending environment it doesn't mean much
[12:08] {ese} yup
[12:08] {Threei}  if market is locked in the range, then yes,
[12:09] {Threei}  stochastic will oscillate back and forth between extreme readings
[12:09] {Threei}  but in trend it does this:
[12:09] {Threei}  moves in over-whatever zone
[12:09] {Threei}  pauses,
[12:09] {Threei}  spends a little time there,
[12:10] {Threei}  and then the price stays consoidating while stochastic returns into moderate readingsa
[12:10] {Threei}  and then the price breaks out and makes new high or low
[12:10] {Threei}  and stochastic catches up returing to that "over" zone
[12:10] {Threei}  RSI does the same
[12:11] {Threei}  so...
[12:11] {RonS} "if they don't scare you out, they will wear you out"
[12:11] {ese} hmmmmmmmmm
[12:11] {ese} ya got sucked into that last one for sure
[12:12] {ese} thought that i was reading the volume right but not this time
[12:18] {dino} bonds wacked
[12:20] {Threei}  12:17:05
[12:20] {Threei}  (US) US Aide to Senator: US Treasury Dept considering a delay of the semi annual currency report -
[12:20] {Threei}  - Reminder: Reports circulated that the Treasury was due to release the report at 13:00ET
[12:22] {dino} can anybody say smoott hawley
[12:23] {strider} I'll do it for $5
[12:23] {dino} making the same moves imp
[12:24] {dino} imo
[12:33] {ese} L erts .94
[12:42] {dino} wow mtb positive
[12:59] {dino} amsc stopped -.22
[12:59] {dino} ok gotta hop for hour or two. xmas tomorrow, need haircut, and cash
[13:05] {RonS} ...i am hearing that there are rumors that the reason the "manipulation" report has been delayed is that Treasury and the Chinese are negotiating a deal deal let the yuan appreciate and limit QE2
[13:05] {RonS} Crazy enough to be true?  ...who makes this stuff up?...
[13:06] {Threei}  hard to speculate with as little infoermation as we have
[13:06] {Threei}  but certainly solmething happens behind the curtain on the curency front
[13:17] {strider} is the market still open?
[13:18] {RonS} naw, dino left so they closed it...
[13:21] {ese} gotta go....have a great weekend
[13:21] {RonS} cya ese
[13:21] {Threei}  take care ese, have a good one
[13:23] {Les} outta here. enjoy your weekend all.
[13:23] {RonS} cya les
[13:32] {Threei}  USD/CNY (CH) US Senator Schumer: Congress prepared to move China legislation with or without White House support
[14:01] {Threei}  *(US) SEPT MONTHLY BUDGET STATEMENT: -$34.5B V -$32BE (24TH STRAIGHT MONTH OF BUDGET DEFICITS)
[14:03] {Threei}  FNMA US Treasury: aid to Fannie and Freddie total $52.6B in fiscal 2010, 24% below forecast (0.39, +0.06, 17.73%) (related FMCC )
[14:26] {magoo} i have apptmt, so have good weeekend all
[14:26] {RonS} cya mags
[14:28] {Threei}  take care mags
[14:33] {dino} ok, back, open up the market
[14:35] {Threei}  Former Countrywide CEO Mozilo and two other execs agree to SEC settlement; Mozilo to pay $67.5M settlement
[14:37] {RonS} that's a lot of tans...
[14:41] {dino} ppd
[14:43] {RonS} mining must make you horny...heard another of the chilean miners has four mistresses...and they want compensation...
[14:43] {Threei}  lol
[14:44] {Threei}  those miners are dawgs
[14:44] {dino} dirty dogs
[14:44] {larisa} did you see those women?
[14:44] {RonS} dirty dawgs...lol
[14:44] {RonS} no...what gives?
[14:45] {Threei}  larisa, it's [robably like sailors... after 6 months in the sea, they don't care :)
[14:45] {larisa} I would not be jealous, they showed couple of them :)
[14:45] {larisa} oh, I see :)
[14:45] {RonS} ruff?
[14:45] {dino} lol larisa, not pleasant to look at i take
[14:46] {RonS} "miners work in the dark"
[14:46] {larisa} you got it :)
[15:02] {dino} ppd sm l ave .26 thin
[15:31] {dino} .
[15:34] {Threei}  why's dino screaming?
[15:34] {larisa} lol
[15:35] {dino} hmmmm
[15:40] {dino} back in ten
[15:40] {dino} ppd stop is .999
[15:41] {RonS} aapl squeeze going on...
[15:45] {RonS} October cider
[15:47] {Threei}  lol
[15:49] {RonS} aapl 10/22 weekly calls ...nuts...49k traded today
[15:52] {larisa} what, positive into close again?
[15:55] {Threei}  yup
[15:56] {RonS} wow, naz +2%...russell, spoo's flat...
[15:57] {dino} snow flurries here
[15:58] {RonS} 80 here
[15:58] {dino} lucky dog
[15:58] {RonS} dirty lucky dawg...
[15:58] {dino} lol
[15:59] {Threei}  you are not serious dino
[15:59] {dino} yes, just at bus stop, saw them windy too
[15:59] {Threei}  heez
[15:59] {Threei}  h=j
[16:00] {dino} brrrr more like it
[16:00] {Threei}  okay guys
[16:00] {RonS} aapl trying for 315
[16:00] {Threei}  thank you all
[16:00] {dino} out ppd -.17
[16:00] {Threei}  have a good weekend
[16:00] {RonS} ciao
[16:00] {Threei}  see you on Monday
[16:00] {larisa} bye :)
[16:00] {dino} take care all

Oct 14 2010

I want to call today's Catch of the Day "Extreme trend continuation." You often heard and probably thought "it's so low, it can't go any lower."  Well, no such thing as too low or too high - stocks can and do get oversold, then oversolder, then oversoldest... then they sell a bit more and only then they bounce. Ditto on overbought - overboughter-overboughtest side. Now that we are done butchering English, let's look at the first chart. Short was called at 11:23 am and triggered a few minutes later: 

Nice consolidation just above the low of the range. Break of such range is qualified as trend continuation signal, and having 15 cents stop I felt it was a relatively low risk play. Sure enough, APOL proceeded to give us 1:3 risk/reward. Now, look at the second chart to see just how much a stock was already down at the time of the call, on both intraday chart with pre-market included and on daily showing the huge overnigt gap down! 

And yet, there was even more short opportunity in it. Main lesson is not even in playing this kind of setups - rather it's about warning not to assume that "too low" or "too high" means imminent reversal.



Session Time: Thu Oct 14 00:00:00 2010
[08:31] {magoo} kEKKHFKHCkhkhgDG
[08:31] {magoo} df
[08:31] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 462K V 445KE; CONTINUING CLAIMS: 4.4M V 4.45ME
[08:31] {Threei}  *(US) SEPT PRODUCER PRICE INDEX M/M: 0.4% V 0.1%E; EX FOOD & ENERGY M/M: 0.1% V 0.1%E
[08:32] {Threei}  Prior Initial Jobless Claims revised higher from 445K to 449K
[08:32] {Threei}  - Prior Continuing Claims revised higher from 4.462M prior to 4.51M
[08:32] {magoo} not good
[08:32] {Threei}  *(US) AUG TRADE BALANCE: -$46.3B V -$44.0BE
[08:33] {nemo} well, as long as we stop eating, driving and heating our homes, we'll be fine
[08:33] {Threei}  and need no work
[08:34] {RonS} and pay no taxes...euro flirting w/ 1.41
[08:36] {Les} {----- hits Nemo with a crappy Vista operating system
06[08:37] * nemo slaps Les around a bit with a large large copy of CPM code on a stone tablet
[08:38] {Les} compton airport departures and arrivals?
[08:39] {magoo} u see APOL crushing afterhours last nite, sik
[08:43] {Threei}  APOL Reports Q4 $1.31 v $1.26e, R$1.26B v $1.3Be
[08:43] {Threei}  - Company is withdrawing its prior preliminary business outlook for fiscal 2011. (2011 Rev in high single digits; op income flat y/y)
[08:43] {Threei}  Outlook: The decline in University of Phoenix new degreed enrollment experienced in the fourth quarter of fiscal year 2010 is expected to accelerate during the first quarter of fiscal 2011, resulting in a significant year-over-year decline.
[08:44] {Les} edu's to get hammered again today...? let's see
[08:45] {Threei}  look at APOL
[08:46] {Les} can't. no premarket
[08:46] {Threei}  -9.60
[08:46] {Les} LOL
[08:47] {Threei}  I mean -9.80
[08:47] {Les} magoo said "crushing"
[08:47] {Threei}  I mean -9.90
[08:47] {Les} right I understand now. getting crushed
[08:47] {Threei}  you got the drift :)
[08:47] {Les} an edu play day
[08:50] {nemo} 38.40 is support
[08:50] {Les} upgrading the laptop to W7. Vista driving me insane
[08:50] {Les} hoping its worth effort
[08:51] {nemo} next is 33.74
[08:52] {nemo} Les, you're already there
[08:52] {Threei}  Vista is the worst piece of crap ever produced my microsoft
[08:52] {Threei}  I skipped it entirely, didn't even try
[08:54] {Les} bought it with new PC. Thought I was getting a good price
[08:54] {Les} lol the price of new pc's just keeps getting lower
[08:55] {Les} yeh Nemo, but don't need to pay Microsoft to add insult to injury
[08:56] {Les} oops just caught your numbers Vad. initial jobless is ugly
[08:56] {magoo} i skipped vista altogether too, im still XP lol
[08:56] {Les} yeh the trading pc is still XP. doesn't miss a beat
[08:56] {Threei}  me too mags, 64bit XP works like charm
[08:57] {magoo} yup, XP great
[08:57] {magoo} wouldnt even try wind 7
[08:58] {Threei}  well, they will support XP into 2014
[08:58] {Threei}  so at some point we luddites will have to upgrade
[08:58] {magoo} and we'll all be dead in 2012 so no need to ever change
[08:58] {Les} kids and vista just don't mix. keeps freezing up
[08:58] {Threei}  well Les, to be fair kids rarely mix with anything
[08:59] {Les} true, but can't keep them Luddites forever.
[08:59] {Les} well, maybe Nemo could
[09:00] {Les} but he knows better than to have kids
[09:01] {RonS} been on Microsoft security LiveOneCare since Norton is so invasive and always doing things behind the scenes
[09:01] {RonS} Microsoft has been trying to kill it for 2+ years...it just keeps working.  have not apid anything for 2 years...
[09:01] {RonS} paid
[09:02] {RonS} passed on Vista, run XP
[09:03] {RonS} Les I clean my cache regularly
[09:03] {Les} I don't need to know about your personal hygiene Ron
[09:05] {Les} http://www.piriform.com/ccleaner/update?v=2.35.1223&l=1033
[09:05] {Les} I do have good maintenance tool.
[09:06] {dino} gm all, ed's bloody
[09:07] {Threei}  dino :)
[09:08] {dino} running xp here too
[09:08] {strider} spy trying to  breakk .80
[09:08] {strider} did it
[09:08] {Les} we're obviously the techno must have the latest crowd...
[09:09] {dino} hmmm, obamination first crushes bank, then auto, then healthcare, now education
[09:09] {Threei}  we have guinea pigs to have the latest :)
[09:10] {Raven} you calling me a pig?
[09:10] {Threei}  lol... you are embodiment of luddite in my mind
[09:10] {dino} there are worse things
[09:10] {davd} hi all!  
[09:10] {Threei}  davd :)
[09:10] {RonS} hey Raven, nice to hear from you...hi davd
[09:10] {Raven} lol ... Win7 here
[09:10] {Raven} Ron:)
[09:10] {Threei}  on a rare front of good news, this Chilea miners rescue is nothing short of miracle
[09:11] {Threei}  I won't forgive you for this Raven
[09:11] {Threei}  ever
[09:11] {Raven} yes on Chile ... 
[09:11] {Raven} Hey ... Win7 is great
[09:11] {Threei}  could be, but must you be among the first adopters?
[09:11] {RonS} ...i loved the miner that has his girlfriend show up instead of his wife...
[09:12] {Threei}  yeah :)
[09:12] {Les} lol only on American TV
[09:12] {davd} rescue sex
[09:12] {Raven} sorry 3i ... but I still have no cell phone :)
[09:12] {Les} I haven't heard of sleazy story like that yet
[09:12] {RonS} rotflol
[09:13] {Threei}  ok... that vindicates you... thank you for returning my life in its customary limits :)
[09:13] {Raven} I try :)
[09:13] {Threei}  'cause in what kind of sick world we live if Raven rushes to upgrade his OS...
[09:13] {Raven} new computers also ...
[09:14] {Threei}  OK, let's decide that I unlearned to read right after the line {Raven} I still have no cell phone
[09:14] {Threei}  let this happy thought be the last I ever read
[09:14] {davd} jpm below yesterdays low, intc almost at yesterday low
[09:15] {Raven} lol ... gonna have a new health insurance policy too ... they canceled mine ... surprise
[09:15] {RonS} no cell here...shoot, noone even calls on the land line
[09:15] {Raven} excellent Ron
[09:15] {Threei}  sounds like perfect deal
[09:16] {RonS} it is
[09:17] {RonS} ...read somewhere that 850,000 people will lose their health ins
[09:18] {RonS} wonder how many will drop it w/ the price increases coming
[09:18] {Threei}  if?
[09:18] {Raven} One company in midwest quit writing it altogether for about 900000 people
[09:18] {Raven} Most Medicare Advantage plans will blow up
[09:19] {Threei}  the clear case of good intentions paving the road you know where...
[09:19] {davd} dollar significantly lower.  uup as low as 22.19
[09:19] {Raven} my premiums went up 135% this year
[09:19] {ese} morning
[09:19] {RonS} yep, and that dumba^& AARP pushed it
[09:19] {dino} ouch
[09:19] {Threei}  ese :)
[09:19] {Threei}  but hey - the world applauds
[09:19] {Raven} and now they just cancelled the whole program
[09:19] {kowboy} aarp commies
[09:20] {RonS} aarp...koolaid drinking teachers
[09:20] {Threei}  APOL -10.50
[09:20] {Raven} So I will ask the Socialists to take care of mr
[09:21] {Les} does health insurance function in Canada Vad?
[09:21] {dino} esi, dv w/it
[09:22] {Threei}  totally different system les
[09:22] {Threei}  we have "free" basic healthcare
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {ese} hey laris
[09:22] {larisa} vad, ese:)
[09:23] {Threei}  private is allowed only in areas where there is no state-covered
[09:23] {strider} "allowed"....hmmm
[09:23] {Threei}  APOL -11.30
[09:23] {khaln} g morning
[09:23] {Threei}  khaln :)
[09:24] {RonS} stink bid apol 35.50
[09:24] {nemo} this is major support
[09:25] {strider} CCG ipo
[09:25] {strider} trades sometime today
[09:29] {ese} just looked at apol.....yikes
[09:30] {Threei}  CECO too
[09:30] {dino} look esi, dv too
[09:30] {Threei}  and ESI
[09:31] {strider} nihd
[09:32] {Threei}  .short fcx 99 break half lot
[09:32] {jfjf64} mornin
[09:32] {Threei} Short Setup: FCX  99 break half lot
[09:32] {Threei}  jf :)
[09:33] {Threei}  feel free to cover
[09:33] {Threei}  +.30
[09:33] {strider} out in full +.24
[09:33] {Threei}  wtg
[09:33] {jfjf64} yahoooooooo
[09:33] {strider} a lot left on the table
[09:34] {Threei}  have you noticed 20 cents spike back up?
[09:34] {strider} yeah
[09:34] {Threei}  do you really want to stay with this opening volatrlity?
[09:34] {strider} uh no.
[09:34] {Threei}  it could be 40 cents just as well
[09:34] {magoo} cover .55 TY
[09:34] {ese} apol gonna bounce big time .....some time
[09:35] {Threei}  wow APOL
[09:35] {Threei}  -12.50
[09:35] {magoo} 5 downgrades vad
[09:35] {Threei}  lol
[09:35] {Threei}  CCG IPO opens for trade at $12.50
[09:35] {strider} bidding at zero
[09:36] {RonS} ah, the smell of napalm in the morning...
[09:36] {ese} lol
[09:37] {Threei} Short Setup: LVS  39 break
[09:37] {Threei}  stop above .10
[09:37] {Threei}  1:1
[09:38] {Threei}  1:2
[09:39] {Threei}  instant gratification in both cases, just as magoo loves
[09:39] {magoo} out .77 TY 
[09:39] {magoo} indeed i do
[09:40] {Threei}  APOL's getting close...
[09:41] {magoo} ESI down just as much in points
[09:42] {jfjf64} gild
[09:42] {jfjf64} jbe
[09:42] {jfjf64} lol
[09:42] {ese} is it ever mags
[09:43] {Threei}  ok, APOL
[09:43] {Threei}  this should be it
[09:44] {Threei}  .10 long
[09:44] {Threei}  small shares
[09:44] {Threei}  invalidated
[09:44] {dino} wants 35 imo
[09:44] {Threei}  should bounce here first...
[09:45] {Threei}  shorts got to get shaken out a bit before continuation...
[09:45] {ese} wow dino.............really
[09:46] {Threei}  in 37, small shares
[09:46] {Threei}  stop under low
[09:46] {magoo} in
[09:46] {dino} imo, w/ options exp tomorrow why not
[09:46] {Threei}  SMALL shares
[09:47] {Threei}  takes too long... not liking it
[09:47] {strider} short HOG .11
[09:47] {ese} hmmmmmmm   didn't think about that
[09:47] {Threei}  tightening to .85
[09:47] {dino} coin toss es
[09:49] {ese} in apol .96
[09:50] {dino} mtb
[09:50] {Threei}  out
[09:50] {Threei}  too much work
[09:51] {ese} then i'm out .02 +.06 1/2 lot
[09:52] {RonS} u r a beaut...love it...
[09:52] {jfjf64} aapl
[09:52] {jfjf64} gettin hit
[09:52] {Threei}  see?
[09:52] {Threei}  this kind should bounce much faster when it's ready
[09:52] {ese} cool....that instinct of yours vad.........right on
[09:52] {Threei}  if it hesitates this long, it's not there yet
[09:53] {Threei}  it very well can be last gasp of selling
[09:53] {Threei}  but do you want to be in during such spike down?
[09:53] {jfjf64} on more leg dn
[09:53] {jfjf64} 300
[09:54] {Threei}  it was 50 cents drop, and could have been full buck just as easy
[09:54] {jfjf64} imo
[09:56] {dino} mtb l .50
[09:58] {dino} stopped mtb -.13
[09:58] {jfjf64} aig
[09:59] {jfjf64} seems  lk a buyer 
[09:59] {jfjf64} lookin for pull bk
[10:01] {Threei}  here comes APOL
[10:02] {dino} strider, ty hog, nice
[10:02] {strider} cover +.17
[10:02] {strider} thx
[10:03] {Threei}  AIG, not much of pullback
[10:03] {jfjf64} nope
[10:03] {dino} mtb l .25
[10:03] {jfjf64} banks  gettin  hit   
[10:03] {jfjf64} this going up
[10:03] {jfjf64} steady
[10:03] {RonS} rig runnin
[10:03] {davd} in mtb .23
[10:03] {jfjf64} accumulation
[10:04] {jfjf64} see  r2   what  happens
[10:05] {jfjf64} .20  be  nice
[10:05] {jfjf64} or  lower
[10:05] {jfjf64} bolinger  band  keeps  movin  up
[10:05] {jfjf64} stock will follow
[10:05] {strider} PIP
[10:06] {strider} upgrade
[10:06] {Les} faz .50 break?
[10:07] {Threei}  hmmm
[10:07] {Threei}  not delighted
[10:08] {Les} ok
[10:08] {dino} out mtb .37, +.12
[10:09] {strider} long PIP 2.03
[10:09] {Threei}  PIP Hearing Noble Financial making positive comments (timing uncertain)
[10:10] {Threei}  - Hearing Noble raises price target to $20 from $7.
[10:10] {strider} I'll take 7
[10:10] {Threei}  well, to et 7 they assign 20
[10:10] {strider} reasonable
[10:11] {strider} stop 1.85
[10:12] {magoo} vad, apol, when would sh strart to cover?
[10:12] {Threei}  a dollar ago?
[10:13] {Threei}  IMGN Strength attributed to report published today stating EU Medicines Agency granted orphan drug status on Oct 1 for maytansinoid-conjugated humanised monoclonal antibody against CD56 for the treatment of small cell lung cancer (7.26, +0.19, 2.69%)
[10:14] {jfjf64} comon  aig
[10:15] {jfjf64} come  to  daddy
[10:15] {jfjf64} one  more  leg
[10:16] {davd} out mtb .76
[10:16] {davd} +.53
[10:16] {Threei}  nice one davd, wtg
[10:16] {jfjf64} wtg  d
[10:16] {Threei}  here it comes jf
[10:16] {davd} watched pot...
[10:17] {jfjf64} whats  thwe  plan  3i
[10:17] {RonS} bac whacked
[10:17] {Threei}  .15 break
[10:17] {Threei}  big offer there
[10:17] {Threei}  .16 sorry
[10:17] {jfjf64} .16  ton  shares
[10:18] {jfjf64} yes
[10:18] {dino} wtg davd
[10:18] {jfjf64} hmm
[10:18] {Threei}  big pullback APOL
[10:19] {RonS} sop to Harry's re-election?...BoA May Lower All 30-Yr Mtge Rates In Las Vegas To 3.5%-Fox Business       10/14 08:17 AM
[10:20] {jfjf64} some  one playin
[10:21] {jfjf64} tight  stop
[10:21] {jfjf64} small risk
[10:22] {jfjf64} weird
[10:23] {Les} GS consolidating prior to breakdown IMO
[10:24] {Les} well not my opinion, but looks like it
[10:24] {Threei}  APOL
[10:24] {Threei}  round 2
[10:26] {dino} dv sm l .25
[10:26] {Threei}  jf, formally you have 1:1 on AIG
[10:27] {dino} ogxi sm l .88
[10:27] {Threei}  whether you want to take profit or try for more simpl,y because of very small risk, your choice
[10:27] {Threei}  I personally am out
[10:27] {jfjf64} me too
[10:28] {dino} stop dv -.27
[10:35] {magoo} GRMN
[10:36] {Threei}  10:19:32
[10:36] {Threei}  Garmin Ltd Ticks higher on some takeover chatter
[10:36] {Threei}  - Microsoft rumored as suitor
[10:41] {dino} esi sm l .25
[10:41] {strider} WEN dbl top, lower high
[10:41] {strider} or h&s pattern
[10:43] {magoo} took 37 recross
[10:43] {Threei}  NFLX
[10:43] {dino} out esi .84, +.59
[10:44] {Threei}  wtg
[10:44] {Threei}  spread is horrible, for those who play this kind only
[10:44] {Threei}  seems to be ready for reversal
[10:44] {dino} thx
[10:45] {Threei}  154 break should launch it but I would prefer to trty and buy it by bidding, closer to .50
[10:45] {Threei}  stop would have to be under .50
[10:45] {dino} dv sm l .54
[10:45] {ese} how many would consider this a double bottom for apol
[10:45] {Threei}  Preview: DOE (EIA) Petroleum Inventories due at 11:00ET
[10:45] {Threei}  **Consensus expectations:
[10:45] {Threei}  Crude: +1.5Me
[10:45] {Threei}  Gasoline: -1.3Me
[10:45] {Threei}  Distillate: -1.5Me
[10:45] {Threei}  Utilization: 83.1%e
[10:45] {Threei}  **Reminder: Yesterday API reported: CRUDE: -4M V +1.5ME; GASOLINE: -1.9M V -1.3ME; DISTILLATE: -250K V -1.5ME; UTILIZATION: 80.1% V 83.1%E
[10:46] {dino} not i es
[10:46] {ese} tks
[10:46] {dino} should get within .15 of lod imo
[10:47] {ese} dn to about .60
[10:47] {dino} dv stopped .33 -.25
[10:47] {dino} .21 opps
[10:47] {dino} f'ing rinse
[10:48] {dino} hmm maybe not
[10:48] {Threei}  The best recent estimates by civil engineers and government experts indicate that we would have to spend well over $2 trillion during the next five years on roads, bridges, airports, railways, transit, sewers, waterways, ports, dams, parks and schools simply to maintain them in decent condition. Such estimates do not include the kind of modernizing improvements that the United States requires to remain competitive with other nations
[10:48] {ese} time to scale dn the military
[10:48] {dino} better spent on that than wasting it
[10:49] {magoo} LVS near high
[10:49] {RonS} ...at least they are not buttering their own bread...
[10:49] {Threei}  NFLX like clockwork... entry if very questionable though
[10:49] {magoo} mkts trying here
[10:52] {RonS} swks cueing up for a breakout pop...w/ market help
[10:53] {ese} ok.....i'm long apol .19
[10:53] {magoo} me too 37
[10:54] {magoo} like to see .91
[10:54] {ese} full or 1/2 mags
[10:54] {magoo} [10:42] {magoo} took 37 recross
[10:54] {magoo} 600 sh
[10:55] {magoo} .95 held it up
[10:56] {davd} o on tv
[10:56] {dino} wpc
[10:56] {ese} ya i got it bouncing off .92 a couple of time
[10:57] {dino} they are putting in wide ranges imo
[10:59] {magoo} ese, we r like mav and ice in top gun...do not leave your wingman
[11:00] {magoo} .83 or .87 or .93, thats my take
[11:00] {ese} roger wilco
[11:00] {magoo} vad is goose
[11:00] {dino} merlin here
[11:00] {magoo} u in??
[11:00] {ese} am i mav or ice
[11:01] {magoo} ice
[11:01] {magoo} im mav
[11:01] {dino} out ogxi .64, +.76
[11:01] {ese} once it passes the 1 min chart 50ma it's up for a while
[11:01] {ese} my chart puts that at .49
[11:01] {magoo} talk to me goose
[11:02] {ese} nice dino
[11:02] {dino} ty
[11:03] {ese} mack 1 mav.........shes goin dn......bank right
[11:04] {magoo} if loses 37...EJECT EJECT EJECT
[11:07] {ese} after burners mav after burners.......bank left
[11:07] {magoo} i cant get tone
[11:07] {ese} nice one we just avoided the heat seeking missile
[11:07] {RonS} nemo
[11:08] {magoo} ice, take the shot or get out of my way
[11:08] {dino} could be higher low
[11:08] {ese} rotflol
[11:08] {RonS} oh nemo...
[11:09] {Les} I can't get the angle, I'm too close, switching to guns
[11:09] {Les} u bringing back some memories
[11:09] {magoo} lol
[11:10] {strider} stop PIP -.10
[11:11] {strider} pipsqueak
[11:12] {magoo} ice, its taking to long, we may better bug out
[11:12] {RonS} smsi
[11:13] {magoo} ice response"dont u leave me mav, goddammit"
[11:13] {ese} roger.......
[11:13] {ese} am still with ya mav
[11:13] {ese} were gaining altitude
[11:14] {magoo} ok, lets turn-n-burn wwaaaawwwhhhooooo
[11:14] {ese} lol
[11:14] {ese} sh$t this is funny......
[11:15] {RonS} ...can i shoot myself now?...
[11:15] {magoo} please do:)
[11:15] {ese} carry on
[11:15] {ese} les has switched to guns....he'll take care of ya
[11:16] {nemo} must be a full moon
[11:16] {dino} ron nice smsi spot
[11:16] {ese} saw 1/2 of one last night nemo
[11:17] {magoo} les, your call name is hollywood
[11:17] {ese} rotflol.............!!!!!!!!!!!111
[11:18] {magoo} wood, ice, and mav were all pilots
[11:18] {ese} vad never once told me the board was gonna be so fun...............
[11:18] {magoo} goose, slider, merlin in the rear
[11:18] {Threei}  this is bonus ese
[11:18] {ese} too funny too funny
[11:18] {magoo} GOOSEEEEEEEEEEEEEEEEE!!!
[11:19] {magoo} u back from the dead
[11:20] {ese} and hollywood?
[11:20] {dino} viper
[11:20] {magoo} woods ok, he was hit but rescued
[11:21] {ese} phhewwwwww!!!!1 thought he was a gonner for a second
[11:21] {magoo} yea viper, the boss man pilot, flew with mavs dad
[11:21] {Threei}  more I look at APOL...
[11:22] {Les} no way, hollywood gets his butt kicked in the finale
[11:22] {Threei}  more I want to short it :)
[11:22] {magoo} lees i like it
[11:22] {dino} lower high
[11:22] {magoo} terrible bounce
[11:22] {ese} eggzactly les
[11:22] {Les} yeh meanders a little before decent drop
[11:22] {Les} APOL
[11:22] {dino} break of .88 short imo
[11:22] {magoo} .99 is my eject
[11:22] {Les}  37 b/d?
[11:22] {Threei}  I think sop
[11:22] {Threei}  jusyt keep shares reasonably sized
[11:23] {Threei}  snapback can be vicious
[11:23] {magoo} hes talking to u ice
[11:23] {Threei}  discretionary call
[11:23] {Threei} Short Setup: APOL  37 break
[11:23] {Threei}  if stays below .15
[11:24] {dino} eqix sm l .00
[11:24] {Threei}  ugh, forgot
[11:24] {Threei}  *DOE CRUDE: -420K V +1.5ME; GASOLINE: -1.77M V -1.3ME; DISTILLATE: -255K V -1.5ME; UTILIZATION: 81.9% V 83.1%E
[11:25] {Threei}  and to dismay of UNG traders,
[11:25] {Threei}  *EIA NATURAL GAS INVENTORIES: +91 BCF VS. +85 TO +95 BCF ESTIMATE RANGE (related UNG )
[11:25] {Threei}  lol
[11:25] {Les} USO ain't bouncing that weay it used to
[11:25] {magoo} freezin in my office, wife reamed me out for putting heat on yesterday..SIGH
[11:26] {magoo} wearing sno cloves
[11:26] {Les} ? she a greeny?
[11:26] {dino} lol magoo, wearing sweatshirt here
[11:26] {Threei}  nah, she just doesn't like magoo
[11:26] {RonS} smart woman
[11:26] {RonS} :D
[11:27] {davd} in eqix .00
[11:27] {Les} hehehe
[11:27] {magoo} lets just say, if i was a rescued miner, i hope at LEAST my girlfriend would show up
[11:27] {Les} LOL
[11:27] {Threei}  rofl
[11:27] {Threei}  I imagine magoo's wofe cutting the rope
[11:27] {Threei}  wife
[11:28] {ese} ho ho ..
[11:28] {RonS} rescue sex...classic davd.
[11:28] {magoo} i imagine vad handing her the scisors
[11:28] {Threei}  trhat's me
[11:28] {ese} vad.....do ya figure she reads your arfter the markets posting of this board
[11:28] {ese} if so........
[11:29] {ese} there big trouble a foot
[11:29] {Threei}  lol
[11:29] {RonS} mayve even both feet
[11:30] {ese} mags...define happilly  maried for me will ya?
[11:30] {davd} dino eqix stop at .5
[11:30] {ese} just curious.....
[11:30] {davd} ? dino
[11:31] {magoo} how the hell would i be able to describe that, never experienced it
[11:31] {dino} .68
[11:31] {davd} ok
[11:31] {RonS} that is funny...
[11:31] {ese} lol
[11:32] {ese} and on that note....came close to pressing the eject there
[11:32] {magoo} that last missel btw was CLOSE (pllbk)
[11:34] {RonS} Happily married:  each glad to see the other go; glad to see them retur, and willing to put up with one another in between...
[11:35] {larisa} I want to be glad in between too :)
[11:35] {Threei}  lol
[11:35] {RonS} i have been happily married 10 years...and married 34...
[11:35] {magoo} im sh 37
[11:35] {Threei}  1:1 APOL
[11:35] {ese} out apol
[11:36] {RonS} i knew one of those guys died in that movie...
[11:36] {ese} lol
[11:36] {ese} haven't had this much fun loosing money in along time
[11:37] {RonS} sheesh, no indian casinos in Canada?
[11:37] {ese} first nations......
[11:38] {RonS} sounds like pc bs
[11:38] {ese} by the way......what egzactly is dragging the mrkt dn today
[11:39] {nemo} rig
[11:39] {nemo} long
[11:39] {RonS} ennui?
[11:39] {nemo} potential two way actually
[11:39] {RonS} waiting for the pomo tomorrow...imo
[11:39] {magoo} way ovrerbought the mkts
[11:39] {magoo} need a rest
[11:39] {nemo} tna ong also watch vwap at .75
[11:39] {ese} hmmmmmmm
[11:40] {ese} rig....one nice lookin daily chart
[11:40] {nemo} short
[11:44] {magoo} spy rotting
[11:45] {jfjf64} rig
[11:45] {jfjf64} .95
[11:45] {jfjf64} hold.85
[11:45] {dino} eqix stopped
[11:46] {magoo} im looking for APOL to seyt new low
[11:46] {jfjf64} no go
[11:46] {magoo} set
[11:46] {davd} eqix stopped
[11:47] {magoo} damn hgloves
[11:47] {jfjf64} simple
[11:47] {davd} market at lod
[11:53] {dino} going for yesterdays gap
[11:55] {Les} Aikido time. c u's for close.
[11:55] {magoo} APOL locked in small range
[11:55] {magoo} pain in arse
[11:55] {ese} L yahoo.95
[11:57] {dino} mtb l .25
[11:57] {ese} cya les
[11:59] {davd} in mtb .25
[12:16] {jfjf64} zzzzzzzzzzzzzzzzzzzzzzzzzz
[12:21] {Threei}  APOL slowly but surely makes its way to the center of Earth
[12:21] {dino} still short
[12:21] {ese} lol
[12:21] {Threei}  half
[12:22] {magoo} me too
[12:22] {magoo} real dog tho
[12:22] {Threei}  woof, APOL said and dropped
[12:22] {magoo} always happens, to make me look stupid, BUT ill take it
[12:23] {Les} mayday mayday Mavericks in a flat spin, he's heading out to sea
[12:24] {Threei}  over 1:2
[12:24] {magoo} is it gonna lose .50 vad?
[12:24] {Threei}  I think so
[12:25] {dino} cov apol .60, +.40
[12:29] {Threei}  wtg
[12:29] {Threei}  1:3
[12:30] {magoo} look at .50 bids
[12:31] {magoo} and gome
[12:31] {Les} well the missus has officially pissed me off. she is late
[12:32] {magoo} pregmant???
[12:32] {Les} no dammit, with the frikin car
[12:32] {Threei}  rofl
[12:33] {magoo} roflol
[12:33] {dino} lol
[12:34] {dino} mtb stopped
[12:37] {magoo} out here .52
[12:37] {magoo} scared me
[12:37] {magoo} last pop
[12:37] {magoo} + .48
[12:37] {magoo} ty bossasauras vad
[12:38] {Threei}  welcome
[12:41] {dino} gmcr
[12:43] {jfjf64} look  gs
[12:44] {Threei}  huh
[12:44] {Threei}  (EU) ECB's Bini-Smaghi: Deep reforms are needed to spur economic growth, especially in nations with aging populations - TV interview (related EUR/USD BUNDS )
[12:44] {Threei}  I am scared even to ask
[12:44] {jfjf64} break of 152.33
[12:44] {jfjf64} missed
[12:44] {jfjf64} grrrrrrrrr
[12:44] {Les} yeh I can imagine Vad
[12:45] {Les} arrest all strikers in France and deport them
[12:45] {Les} work until 70
[12:45] {Threei}  well, it's aging population part that scares me... I see decreed birth rates in the futue :)
[12:46] {dino} or death ages as in logans' run
[12:46] {Threei}  have three children before certain age or go to jail
[12:47] {Les} oh that I have no problem with
[12:47] {dino} vad, seriosly you have it backwards, its a problem of too many old vs young
[12:47] {Les} I think I could help out there
[12:47] {dino} the old are the strong votes ruining the system
[12:47] {davd} we currently implement have 3 children and get more welfare
[12:48] {dino} true davd, but medicare, medicaid, social security were based on larger pools of workers vs retirees
[12:49] {jfjf64} gs  bounce  3i
[12:49] {Threei}  so, young will have to have children and we will cull old... got it dino, both sides of equation are covered this way
[12:49] {dino} well, jobs issue is another problem
[12:49] {Threei}  not yet jf
[12:50] {Threei}  one more sharp dibe
[12:50] {Threei}  dive
[12:50] {davd} larger pools of workers, yes.  between unemployment and under the table....
[12:51] {davd} anyone playing google for after the bell?
[12:51] {dino} no
[12:51] {Threei}  magoo probably will
[12:51] {Threei}  he has death wish
[12:51] {dino} cmp blood
[12:52] {jfjf64} put ya dive  hat  on
[12:52] {davd} tempted to put a short 2.5% above close price.  based on stats, up 3% or down 10%
[12:52] {jfjf64} .40
[12:52] {jfjf64} hold  .27
[12:53] {jfjf64} in
[12:55] {RonS} sm l mtb .95
[12:56] {dino} cmp sm l .20
[12:57] {jfjf64} 1/1
[12:57] {jfjf64} half off
[12:57] {jfjf64} stop  b/e
[12:58] {jfjf64} lets go  gs
[12:58] {davd} in cmp .2
[12:59] {jfjf64} sell 1/4
[12:59] {davd} fyi dino, im still holding mtb - long term play.
[12:59] {jfjf64} hold now
[12:59] {dino} rinsed me
[12:59] {davd} i know, i was rinsed 1/2
[13:00] {Threei}  beautiful jf
[13:00] {jfjf64} yes
[13:00] {jfjf64} ill say
[13:00] {jfjf64} lol
[13:00] {jfjf64} im learnin
[13:02] {kowboy} ty jf
[13:02] {jfjf64} out
[13:02] {kowboy} gj jf
[13:02] {Threei}  Learning is not compulsory... then again, neither is survival
[13:02] {jfjf64} ty
[13:02] {jfjf64} you had it kowboy
[13:02] {kowboy} u betcha
[13:03] {jfjf64} ill be damm
[13:03] {Threei}  lol
[13:03] {jfjf64} yeah ha
[13:03] {jfjf64} lol
[13:03] {Threei}  If you think education is expensive, try ignorance
[13:03] {Threei}  *(US) TREASURY'S $13B 30-YEAR BOND REOPENING DRAWS 3.852%; BID-TO-COVER RATIO 2.49 V 2.73 PRIOR AND 2.75 AVE OVER THE LAST 7 REOPENINGS
[13:04] {davd} that a poster 3i
[13:05] {Threei}  and to finish the line of wisecracks,
[13:05] {Threei}  Don't feel too vindicated if I happen to agree with you today. Chances are we will disagree tomorrow
[13:05] {Threei}  21.59% alloted at high
[13:05] {Threei}  - Indirect bidders take 32.4% of competitive bids, 9.1% go to Direct bidders, Primary Dealers take 58.3%
[13:05] {Threei}  - Median 3.782%, Low 3.7%
[13:06] {dino} eqix l .eqix l .12 ave
[13:06] {davd} 30 yr D- might look at TBT
[13:06] {nemo} apol
[13:08] {Les} that means yield. wonder if that gives a kick to uncle buck
[13:10] {Threei}  US 10-year yield trades at 2.5% after disappointing 30-year reopening results (related TLT SHY SPY )
[13:12] {jfjf64} d/b   gs
[13:12] {jfjf64} settin up  short
[13:12] {jfjf64} imo
[13:13] {jfjf64} .27
[13:13] {jfjf64} lets getem kowboy
[13:15] {jfjf64} no work
[13:16] {davd} i'm in tbt .1
[13:22] {khaln} ,
[13:22] {dino} stopped eqix
[13:25] {magoo} so vad, gun to head, GOOG up or down afterreport??
[13:25] {Threei}  wow
[13:26] {Threei}  I don't even know what it;s going to report, let alone how it's going to react
[13:26] {Threei}  badsed on what you want me to make such decision? :)
[13:26] {davd} goog down 10 pts from yesterday high, so selloff might be partially baked in.  
[13:27] {larisa} RIG watching for db, pace picked up
[13:27] {dino} stay away imo
[13:27] {magoo} yea, but i have u in a chair tied up, gun aginst your head, and your middle finger inbetween the blades of a hedge trimmer 
[13:27] {dino} goog that is
[13:27] {Threei}  feels like going a bit lower larisa
[13:27] {Threei}  hmmm
[13:28] {Threei}  mags... scary thought but I may have to enjoy that...
[13:28] {jfjf64} outta here
[13:28] {magoo} reason ill snip middle is so u cant make obscene jestures at me 
[13:28] {jfjf64} enjoy
[13:28] {jfjf64} my sons 1st football game
[13:28] {dino} cya
[13:28] {jfjf64} 7th grade
[13:28] {Threei}  take care jf, good luick
[13:28] {Threei}  enjoy that
[13:29] {magoo} good luk
[13:29] {Threei}  may I express my contempt with my eyes mags?
[13:37] {dino} l eqix .76
[13:41] {RonS} out mtb .58 +.63
[13:42] {RonS} txs dino
[13:42] {dino} gj
[13:45] {larisa} out RIG, took .70 recross with day low stop
[13:46] {Threei}  :)
[13:47] {ese} .
[13:51] {strider} hapaxlegomeno1n
[13:51] {strider} sorry
[13:51] {larisa} kitty kitty
[13:52] {strider} we don't speak latin here, do we?
[13:52] {Threei}  you sure you picked right time to learn egyptian?
[13:52] {Threei}  mandarin seems to be more parctical
[13:52] {strider} more orange
[13:53] {davd} out cmp .45
[13:53] {RonS} out cmp .52 +.50 thanks dino
[13:53] {Threei}  great job guys
[13:53] {RonS} thing trades by appt
[13:53] {davd} out cmp at .53
[13:54] {davd} out mtb .58
[13:57] {dino} gj
[13:58] {magoo} vad, any thoughts into last hour, sell or rip?
[13:58] {Threei}  bounce... but nothing graodnshuttering
[13:59] {Threei}  ground
[14:01] {RonS} ...some think that a Bernake speech at 8:15 edt tomorrow will have import
[14:01] {Threei}  import?
[14:01] {Threei}  export?
[14:01] {Threei}  impact?
[14:02] {RonS} import as in the root word of importance
[14:02] {RonS} swks l .40
[14:09] {RonS} dino, mcp?
[14:11] {dino} dk
[14:11] {dino} looks up
[14:14] {RonS} mcp sm l .62 s/l .40
[14:16] {strider} THOR
[14:17] {RonS} ZUES
[14:17] {strider} zeus?
[14:17] {RonS} :D
[14:18] {Threei}  lol
[14:23] {strider} short THOR .41 stop .46
[14:34] {strider} out 1/2 +.05
[14:34] {strider} thor
[14:37] {RonS} out swks .42 scratch...do not like how the mkt is looking
[14:38] {magoo} TGB crushed
[14:38] {strider} stop bal thor -.03
[14:39] {strider} tgb
[14:41] {Threei}  friggin loonie at parity
[14:41] {Threei}  almost
[14:45] {dino} tgb shelf offering
[14:45] {Raven} you callin' me a loonie?
[14:46] {Les} what news Taseko Vad?
[14:46] {Threei}  ?
[14:47] {Threei}  give me symbol, please
[14:47] {Threei}  you ewxpect me to look up the name, then searcxh for news? :)
[14:48] {Threei}  I would never, raven
[14:48] {Raven} OK then
[14:49] {Threei}  JPM Reportedly offering $4B in bonds in 2 parts
[14:52] {Les} sorry
[14:52] {Les} TGB
[14:52] {RonS} 12:44 dino tgb shelf offering 
[14:52] {Les} I owned this stock when it was .60. Still kicking myself
[14:52] {strider} l wfc .56 5min chart
[14:52] {Les} k thanks ron
[14:53] {strider} stop below .50
[14:53] {Les} what's a shelf offering?
[14:53] {Threei}  yup, that's the only news
[14:53] {Threei}  read dilution
[14:53] {RonS} they create a stock offerring to dump it on the mkt when they choose
[14:54] {RonS} ...keep it on the shelf...
[15:01] {strider} stop wfc -.06
[15:03] {Threei}  mags
[15:03] {Threei}  I made up my mind
[15:03] {Threei}  on GOOG
[15:03] {Threei}  I haven't made up my mind on the question, to tell you or not...
[15:04] {Threei}  since ou are likely to sell farm and family and bet everythig on it
[15:04] {RonS} out mcp -.22
[15:06] {Les} you wanna short goog here?
[15:07] {Threei}  me???
[15:07] {Threei}  you'd have to beat me with 2x4
[15:07] {Les} that can be arranged
[15:07] {magoo} well????
[15:07] {Les} but GOOG looks ready to drop
[15:08] {Threei}  up is my contention
[15:08] {Threei}  big
[15:08] {Les} ok. why?
[15:08] {Les} what do you see in chart?
[15:08] {Threei}  trap
[15:09] {Les} aah
[15:09] {Threei}  but keep in mind, this is answer to:
[15:10] {Threei}  13:25] {magoo} so vad, gun to head, GOOG up or down afterreport??
[15:10] {magoo} oy
[15:10] {Threei}  13:27] {magoo} yea, but i have u in a chair tied up, gun aginst your head, and your middle finger inbetween the blades of a hedge trimmer
[15:10] {magoo} nflx bouncre here vad?
[15:11] {Threei}  can't tell
[15:12] {Les} lol yer a nasty piece of work magoo
[15:12] {Threei}  Taseko Mines Reportedly Canadian Fisheries agency says no decision made yet on environmental effects of proposed Prosperity mine development
[15:12] {Threei}  - Reminder: a Canadian Review panel in July noted that the mine would result in adverse environmental damage, and the company was expecting a decision on the gold/copper mine in October.
[15:13] {Threei}  US judge rules 20 states can move forward with suits against Federal govt healthcare law - NBC news
[15:13] {Threei}  oh god
[15:13] {Threei}  how much more divisive can this WH get?
[15:14] {RonS} who's afraid of Chicago thugs?
[15:15] {Les} what's BAC getting hammered for?
[15:15] {dino} goro
[15:15] {RonS} les some dude came w/ a report that details how the mortgage scandel could halve their value
[15:16] {Threei}  Bank of America Corp CEO: Foreclosure review will take nothing different about BAC today than there was yesterday (in reference to drop in stock price)
[15:16] {Threei}  - Says there is nothing different about BAC today than there was yesterday (in reference to drop in stock price).
[15:16] {Threei}  - There is no timeline yet determined on lifting of mortgage foreclosure.
[15:16] {strider} GOOG reports today
06[15:17] * magoo slaps strider around a bit with a large trout
[15:17] {davd} mkt might be positive react to the o'care news
[15:17] {RonS} timely
[15:17] {strider} am I late with the info?
[15:17] {Threei}  14 Oct 2010 12:16 [BAC] Weakness attributed to chatter about presentation by Branch Hill Capital in Aug, which suggested that BAC stock could be halved by its exposure to potential CDO fraud charges more...
[15:17] {magoo} kidding?
[15:17] {RonS} goro gored
[15:17] {strider} uh, yeah......I was ...uh....kidding. :)
[15:18] {davd} tlt back to the low set after the 30-yr auction.
[15:19] {Les} cool Ron. U know the banks are gonna do everything in their power to sweep this fiasco under the carpet
[15:19] {strider} teo downgrade
[15:20] {Threei}  US) Fed's Rosengren: Additional bond purchases are one of many options available to the Fed assuming the Fed moves forward on QE - CNBC
[15:20] {Threei}  - Want to avoid further disinflation and dont want to tighten when the economy is this weak
[15:20] {RonS} too political les...either 40 or 48 state ag's have launched an investigation
[15:20] {davd} remember (may agree or not)- concencus is that a wider yield curve is better for banks, i..e. if tlt drops
[15:21] {RonS} ...only if they lend davd...
[15:21] {davd} i knew someone would say that!
[15:21] {dino} goro sm l .08
[15:22] {RonS} ticker sounds like a great name for a bull...
[15:23] {Threei}  Will be a while to get back to full employment no matter what the Fed does, QE could accelerate that process
[15:23] {Threei}  - Japanese may have done their QE too gradually, experience suggests it should have been done more rapidly
[15:23] {dino} colm
[15:23] {Threei}  sigh
[15:23] {Threei}  btw
[15:23] {Threei}  can anyone explain to me the connection with bond purchases and employment?
[15:24] {dino} no
[15:24] {Threei}  shrug
[15:24] {Threei}  they refer to it all the time as if there was direct one
[15:24] {dino} imo not, bonds are to re-inflate
[15:24] {strider} if you're unemployed, you probably won't buy any bonds.
[15:25] {magoo} APOL on volume
[15:26] {Threei}  this debasement of the dollar will turn around and bite them in the ass, deeply and painfully
[15:28] {dino} well, imo, its a race to the bottom, most countries trying to do the same...
[15:27] {dino} and for the powers that ve it is the only way out
[15:28] {magoo} hooked it good
[15:28] {magoo} l 37 cross, out .37
[15:28] {dino} gj
[15:29] {Les} well done. I was looking at .20 cross after testing .10 support. you kept it on screen during the day?
[15:29] {magoo} all day focused on it
[15:30] {magoo} if takes .50 its opn to 38 
[15:38] {Threei}  13:58] {magoo} vad, any thoughts into last hour, sell or rip?
[15:38] {Threei}  [13:58] {Threei} bounce... but nothing graodnshuttering
[15:38] {Threei}  [13:59] {Threei} ground
[15:38] {Threei}  :)
[15:38] {magoo} u usually have good read on it, why i ask
[15:38] {strider} {-----------strider puts dunce cap back in closet.
[15:39] {dino} bac blood
[15:39] {dino} back in ten
[15:47] {Threei}  Market Internals update at 15:30ET
[15:47] {Threei}  - NYSE volume 825M shares, about 16% above its three-month average; decliners lead advancers by 2.3:1.
[15:47] {Threei}  - NASDAQ volume 1.64B shares, about 3% above its three-month average; decliners lead advancers by 1.7:1.
[15:50] {Threei}  TGB ADDRESSES OCTOBER 14, 2010 STOCK PRICE DECLINE; unaware of anything to cause price to be affected materially (6.25, -0.64, -9.29%)
[15:52] {strider} just bad luck, I guess.
[15:52] {dino} lol
[15:54] {Les} nice call on APOL mags
[15:54] {Les} night all
[15:54] {dino} cya les
[15:57] {dino} out goro .44, +.36
[16:00] {larisa} grond is shaking, we are going up :)
[16:00] {larisa} +u
[16:00] {larisa} gj dino
[16:01] {dino} out eqix -.21
[16:02] {larisa} we are waiting for GOOG or good night?
[16:02] {strider} already announced
[16:02] {magoo} ITS OUT
[16:02] {magoo} BOPOM
[16:02] {strider} up 20
[16:02] {magoo} BOOM
[16:02] {dino} s/p gap from yesterday filled,  ndx 2041 and dji 11020 still open
[16:03] {Threei}  there you go
[16:03] {Threei}  told ya
[16:03] {Threei}  GOOG Reports Q3 $6.72 v $6.69e, R$5.48B v $5.3Be
[16:03] {Threei}  Q3 paid clicks +16% y/y, % q/q
[16:03] {Threei}  - Q3 international revenue $B, represents % of total revenue
[16:03] {Threei}  - Q3 Google-owned web site ads revenues $B, % y/y
[16:03] {Threei}  - Q3 free cash flow $B v $B q/q
[16:03] {Threei}  - Q3 Capex $M v $M q/q
[16:03] {Threei}  - TAC $B v $B y/y
[16:04] {Threei}  15:08] {Threei} up is my contention
[16:04] {Threei}  [15:08] {Threei} big
[16:04] {Threei}  thank you all, have a good evebing
[16:04] {Threei}  see you tomorow
[16:05] {larisa} vad, you are sooooo pathetic, stop quoting yourself and wait  for piplz to do it :)
[16:05] {Threei}  I didn't hear that, I am out already
[16:05] {larisa} lol
[16:06] {Threei}  and you could make 35 points if stopped criticizing me and took my trtades
06[16:06] * Threei slaps magoo around a bit with a large roll of cash
[16:06] {dino} bidu spike w/goog
[16:06] {larisa} what to do with cases when you are wrong? or you never wrong?
[16:06] {magoo} hes never wrong
[16:07] {larisa} be quiet magoo, you quoting yourself all the time too :)
[16:07] {larisa} men
[16:07] {dino} lol
[16:08] {Threei}  you don't get it larisa
[16:08] {dino} gotta hop, take care all
[16:08] {Threei}  I quote myself because I have to indicate which of my predictions came true this time, so many right ones I make
[16:08] {Threei}  take care dino
[16:08] {larisa} bye dino