Sep 07 2010

Meh. Got the general direction right, timing was somewhat off. Finished slightly negative.

Session Time: Tue Sep 07 00:00:00 2010
[08:29] {Threei}  Google Inc CEO: YouTube becoming profitable; surprised it took so long
[08:29] {Threei}  - Reminder: on 7/23: A Google Advertising Exec reportedly claims YouTube is "on the verge of imminent profitability"
[08:39] {dino} gm all
[08:39] {Threei}  dino :)
[08:41] {jfjf64} mornin all
[08:41] {dino} :D
[08:41] {Threei}  jf :)
[08:41] {dino} gap fill day perhaps
[08:41] {nemo} wonder when my binky is coming back?
[08:41] {Threei}  IMO, yes
[08:41] {Threei}  gap I mean
[08:41] {jfjf64} perhaps
[08:45] {Threei}  Gold moves within $10 from all time highs in Dec contract
[08:45] {Threei}  - strength attributed to safe haven flows and another new all time high in terms of Euro
[08:47] {Threei}  so Europian banks cheated on stress test
[08:47] {Threei}  what a shocker
[08:49] {nemo} alot of volume at .50 on lvs without much showing on LII
[08:49] {nemo} on the offer that is
[08:52] {dino} idix, rtp blood
[08:54] {jfjf64} nemo can ya explain fast  lvs  vol
[08:55] {jfjf64} how do ya see it  without  level 2
[08:55] {dino} cramers' too giddy today, time for a takedown
[08:56] {nemo} you can't without LII and T&S jf...I was watching the order flow
[08:56] {nemo} Only a few hundred shares were visibly offered at .50
[08:56] {nemo} but...it just kept being bought on the offer (green) at .50 well beyond what could be seen
[08:58] {nemo} so, what then happens when it breaks .50 tells you where it's lkely to go
[08:58] {nemo} if it holds the offer and begins to drop, then you likely will have a short with your stop at .50
[08:59] {nemo} if the offer lifts, you likely have a long that will now see support at .50 which you can potentially use as a stop
[09:00] {nemo} so, here we see lvs popped a quick .14 cents, now, let's see f .50 becomes new support
[09:08] {jfjf64} folow ty
[09:20] {Threei}  BP is uncharacteritically strong
[09:23] {lilyd} mornin
[09:23] {Threei}  lily :)
[09:24] {strider} good morning, everyone.
[09:24] {RonS} gm all  :O
[09:24] {Threei}  strider, Ron :)
[09:24] {strider} :)
[09:26] {RonS} orcl hearing the siren song of thousands of Herd firings
[09:26] {ese} morning
[09:26] {Threei}  ese :)
[09:30] {Threei}  watching for long entries on pullback
[09:30] {i2r} morning all
[09:30] {Threei}  i2r :)
[09:31] {Threei}  LVS, .60 - .70 area
[09:32] {Threei}  .65 break
[09:32] {Threei}  ugh, late
[09:32] {Threei}  again
[09:32] {Threei}  ig holding .60
[09:34] {Threei}  BP
[09:34] {Threei}  .60 bvreak
[09:34] {Threei}  stop under .55 for scalpers
[09:34] {Threei}  .50 day traders
[09:36] {Threei}  market new bout of weakness
[09:36] {Threei}  BP no worky
[09:36] {nemo} when jewish holidays?
[09:36] {Threei}  nor LVS
[09:38] {Threei}  rinse
[09:38] {dino} thurs.
[09:39] {nemo} so this week likely to be sketchy
[09:39] {dino} aren't they all
[09:40] {nemo} o.k.  volumes won't really come back until next week
[09:40] {Threei}  LVS, that was rude
[09:40] {i2r} agreed
[09:40] {nemo} wth whom i2r?
[09:40] {nemo} with
[09:40] {jfjf64} hig  s
[09:41] {jfjf64} .65break
[09:42] {i2r} rude on LVS :)
[09:42] {Threei}  doesn't look right, jf
[09:43] {jfjf64} yup
[09:43] {jfjf64} got away boss
[09:44] {jfjf64} x ??
[09:45] {Threei}  boyunce occured, we missed the reversal
[09:45] {Threei}  live with it and relax
[09:45] {jfjf64} lots  vol
[09:45] {Threei}  wait for the next chance
[09:47] {Threei}  FCX
[09:48] {Threei}  .70 break
[09:48] {Threei}  if holding .60
[09:50] {Threei}  invalidates
[09:52] {jfjf64} bring back colors for calls
[09:52] {jfjf64} red light
[09:52] {jfjf64} green light
[09:52] {jfjf64} lol
[09:53] {dino} vxx l .39
[09:53] {Threei} Long Setup:  FCX  .60 break
[09:54] {Threei}  invalidated
[09:55] {dino} aussie's messing w/mining tax idea again
[09:56] {Threei} Long Setup:  FCX  .40 break
[09:57] {Threei}  invalidated
[09:57] {dino} lod's
[09:57] {jfjf64} hmm
[09:57] {nemo} pre market low spy .07 look for bounce in this area
[09:57] {Threei}  .20 next area
[09:58] {Threei} Long Setup:  FCX  .20 break
[09:58] {Threei}  .10 invalidation, naturally
[09:58] {dino} gaps 10319, 1840, 1090 from thirs
[09:58] {dino} thurs
[09:59] {nemo} .97 Friday low spy
[09:59] {nemo} fcx gap filled
[09:59] {dino} ctrp too
[09:59] {nemo} spy broke friday low
[10:00] {Threei}  LVS is back into support
[10:00] {ese} broke that low nemo....spy
[10:00] {Threei} Long Setup:  FCX  .90 break
[10:01] {i2r} FCX is really asking for it
[10:01] {Threei}  invalidated but getting close, IMO
[10:01] {dino} out vxx .51, +.12
[10:03] {dino} too soon
[10:03] {ese} nice one dino...
[10:03] {dino} thx
[10:03] {jfjf64} bidu
[10:03] {Threei}  .60 FCX
[10:03] {Threei}  not a scalp
[10:03] {Threei}  stop under .50
[10:04] {dino} whr fri gap filled, but tues open at 74.10
[10:05] {Threei}  wow
[10:05] {nemo} next spy support .57
[10:06] {ese} through that as well
[10:08] {Threei}  .50 was it for FCX
[10:09] {jfjf64} grrrrrrrrrrrrr
[10:09] {i2r} wow, falling knife was worth the the falling :)
[10:09] {i2r} let's see if it goes over 77
[10:09] {jfjf64} cat  bounce
[10:10] {dino} dgit l .43
[10:10] {Threei}  .20 break
[10:10] {Threei}  CAT
[10:10] {Threei}  X Hearing renewed takeover chatter circulating (47.20, +1.21, 2.63%)
[10:12] {RonS} RUMOR    X -     Hearing Mital (MT) in discussions to buy US Steel for  $80 USD - unconfirmed   Options were bought up last month in front of this. Stock is strong on this.
[10:13] {Threei}  80 seems like serious overpayment
[10:15] {Threei}  frikin FCX never gave second chance
[10:15] {Threei}  I was watching for double bottom
[10:15] {i2r} FCX should go to 77.5
[10:15] {jfjf64} cat  cnt get out b of own  way
[10:16] {dino} cat gap 68.66
[10:16] {Threei}  yeah, if loses .10 let it go way down
[10:16] {nemo} pivot support .02
[10:17] {Threei}  sharp pullback FCX
[10:17] {jfjf64} sd of  stayed  in bed
[10:17] {i2r} nice one
[10:17] {Threei}  .50 - .60 zone support for double bottom play
[10:22] {Threei}  let's try to catch FCX round two
[10:22] {Threei}  if round one is any indication, then it should shake out this early buying at .60 - .70 level
[10:22] {Threei}  and drop closer to .50, possibly below
[10:23] {Threei}  here we go
[10:23] {i2r} round two you mean :)
[10:23] {Threei}  that's what I said?
[10:24] {i2r} or you mean using round one as indication
[10:24] {Threei}  yes
[10:24] {i2r} k
[10:26] {Threei}  that was hard to catch, had to go in on pure faith
[10:27] {i2r} good catch
[10:27] {i2r} extremely good
[10:27] {Threei}  you took it?
[10:27] {i2r} i took it much earlier, kept the stop at .5
[10:28] {i2r} waiting for to see if it goes over 77 again
[10:31] {Threei}  feels like you are oversitting them
[10:31] {Threei}  market is too nervous for such long holds
[10:31] {i2r} wanted to see if it would work as a day trade
[10:31] {i2r} but i agree with you, market is nervious
[10:31] {Threei} Short Setup: RIMM  .30 break
[10:32] {i2r} nervous
[10:32] {Threei}  if holding under .40
[10:34] {Threei}  EUR/CHF Cross moves to fresh all-times low below 1.2847 level
[10:35] {Threei}  Europe became focus of attention once again
[10:36] {Threei}  looking at FCX, I am not sure we are not looking at fresh lows again, instead of bounce
[10:36] {Threei}  - EUR/USD reaches fresh session lows at 1.2733 (related EUR/USD )
[10:37] {dino} dgit stopped -.12
[10:37] {Threei}  whole thing starts looking to me like new lows in the making
[10:38] {ese} first day of school.......may catch you all later this morning
[10:38] {Threei}  MNTA US Patent Office discloses patent issued for "methods for analyzing mixtures of polysaccharides" (14.88, +0.19, 1.29%)
[10:38] {nemo} little consolidation after the last few days
[10:40] {dino} dsw l .30
[10:41] {Threei}  FCX fooled me again
[10:41] {Threei}  shrug
[10:44] {i2r} you mean you didn't get in? You had a great read into this one
[10:45] {Threei}  this third drop, looked to me like losing lows
[10:48] {Threei}  can't still tell which way the next move, but I don't think we will get the usual stall
[10:50] {nemo} would be slow, but classic db on orcl
[10:50] {nemo} mmmhhh, maybe not so slow
[10:56] {nemo} well...tna set up a range might be worth playing
[10:58] {nemo} what with teva
[10:58] {Threei}  I don't have news for it
[10:59] {nemo} no divine intuition?
[11:07] {nemo} n cree .40
[11:08] {nemo} 1/2 out .52
[11:08] {strider} n?
[11:08] {nemo} in sorry
[11:08] {dino} gj
[11:09] {nemo} as you say, "lucky"
[11:10] {RonS} euro heading to 1.27
[11:10] {Threei}  Teva Pharmaceutical Industries Ltd Hearing strength attributed to positive development in ongoing dispute over Copaxone
[11:10] {Threei}  - Hearing a US court has denied a MNTA motion for summary judgement in generic Copaxone case.
[11:10] {Threei}  - NOTE: MNTA and MYL have both filed to produce generic versions of the MS treatment which had $2.8B in 2009 sales.
[11:10] {dino} mnta drop
06[11:12] * nemo slaps Les around a bit with a large trout
[11:12] {Threei}  hey Les
[11:13] {Les} {-------------- slaps Nemo around with a hammer for good measure
[11:13] {Les} morning vad
[11:13] {dino} gm les
[11:13] {Les} {--------- hits the hillbilly with a stone tablet version of the trading log
[11:13] {RonS} gm les
[11:13] {Les} dino, Ron
[11:14] {Threei}  I again have a strong feeling we are headed for breakdown
[11:14] {Les} the ten commandments include "though shall not abuse fellow traders in their absence" Strider
[11:14] {nemo} yeah, I baled on cree
[11:15] {Les} I'm here for the b/d in miners and precious metals
[11:15] {Les} hows the morning shaping up?
[11:15] {nemo} and we're here for your breakdown
[11:15] {nemo} I'm up
[11:15] {Threei} Short Setup: X  47 break
[11:17] {Threei}  invalidated
[11:18] {Threei}  77% of U.S. voters think Palestinian leaders must acknowledge Israels right to exist. Just seven percent (7%) now disagree, and 16% are not sure
[11:18] {Threei}  my question is, how many can point it on the map
[11:18] {Threei}  (EU) EU's Juncker: Ireland will be able to manage its situation; Greece is moving in the right direction on its fiscal policy; content with its efforts
[11:18] {Threei}  - Calls Slovakia's refusal to assist Greece as 'unacceptable'
[11:18] {Threei}  so, what are they going to do? kick Slovakia out?
[11:19] {Threei}  this is exactly the stuff that will destroy EU sooner or later
[11:19] {Threei}  individual interests on caountries coming into conflict with those of the union
[11:19] {RonS} ...so a German has a poor opinion of a Slovak...imagine that?
[11:19] {dino} roflol
[11:20] {nemo} perhaps db coming n cree again
[11:24] {Threei}  CIEN Ticks higher on renewed takeover chatter (13.43, +0.14, 1.05%)
[11:27] {dino} dgit l .55
[11:36] {_kowboy} bec tanking
[11:36] {Threei}  no fresh news
[11:36] {Threei}  had a news item before market open
[11:36] {Threei}  BEC Scott Garrett Resigns as Chairman, President and CEO, effective immediately
[11:41] {dino} sm l bec ,25
[11:41] {Threei}  so, before today I had this scenario for the markets to play out
[11:42] {Threei}  Seeing upcomingoelection results as good for the economy,
[11:42] {Threei}  market would crawl uo into the elction,
[11:43] {Threei}  then as naive buyers come in after the actual results
[11:43] {Threei}  smart money would dump accumulated shares in their hands
[11:43] {dino} thinking opposite
[11:43] {Threei}  so with shoret-lived spike right after election, market would have tanked.
[11:44] {dino} feel we are too happy too fast
[11:44] {Threei}  that was based on the idea that market considers result clear
[11:44] {Threei}  but today hwhole new Europe thing resurfaced
[11:44] {Threei}  introducing new factor
[11:44] {Threei}  well, old,
[11:45] {RonS} per some wonk on CNBC staistically the market figures the election results in the 10/2 timeframs and responds accordingly.  The results provide and extension...
[11:45] {Threei}  but it was suppoed tio be more or less quiet for a while
[11:45] {RonS} ...and w/ the change in cap gains rates pending who could be surprised w/ a selloff into yearend?
[11:46] {dino} i think things are worse than the market is saying
[11:46] {Threei}  10/2?
[11:46] {RonS} October second
[11:47] {dino} out bec .65, +.40 ty for heads up
[11:49] {dino} jobs
[11:49] {RonS} steve?
[11:49] {RonS} no?
[11:50] {RonS} getta?
[11:50] {dino} symbol jobs, dropped
[11:50] {RonS} ahso Jos a banks
[11:50] {dino} 51 jobs inc
[11:51] {dino} frx
[11:53] {dino} sm l jobs .60
[11:54] {Threei} Short Setup: GLD  .80 break
[11:54] {Threei}  if stays under .85
[11:56] {Threei}  (HU) Hungary PM Aide: No plans to establish a Euro currency entry date anytime in next 2-3 years (related USD/HUF EUR/HUF )
[11:56] {Threei}  I wonder why
[11:57] {Threei} Long Setup:  GS  near .50
[11:58] {Threei}  .55 break
[11:58] {Threei}  if stays above .45
[11:59] {Threei}  .40 is more reliable support considering GS volatility
[11:59] {nemo} in fcx .39
[11:59] {Threei}  but hate to give it too much room
[11:59] {Threei}  kind of personal choice
[11:59] {nemo} 1/2 out .51
[12:04] {nemo} 1/4 more .60
[12:04] {Threei}  nice
[12:05] {Threei}  half out GS
[12:05] {Threei}  aiming for .90 area
[12:05] {dino} gj
[12:06] {nemo} ty
[12:09] {nemo} out .70
[12:09] {Threei}  beauty
[12:09] {Threei}  second piece GS stopped b/e
[12:12] {nemo} ty
[12:32] {Threei}  (US) SEC: Evaluating adjusting current trading halt policy; considering whether or not 'quote stuffing' in high speed trading violates current rules (related ITG GS KCG IAP.UK DB1.GE )
[12:36] {Threei}  let's make bets
[12:36] {Threei}  wil we break down today or stay in the range?
[12:37] {nemo} range
[12:38] {dino} jobs stopped
[12:40] {strider} X
[12:42] {dino} range
[12:47] {Threei}  I still think break
[12:49] {nemo} well, you are "The Legendary"
[12:51] {nemo} it is looking more like break of trend, whether it drops below the low or not...
[12:53] {Threei}  LVS Hearing Morgan Stanley making positive comments, Reiterates Overweight rating
[12:58] {Threei}  Preview: (US) Treasury's $33B 3-year note auction results due out just after 1ET
[13:02] {Threei}  Preview: (US) Treasury's $33B 3-year note auction results due out just after 1ET
[13:02] {Threei}  (US) TREASURY'S $33B 3-YEAR NOTE AUCTION DRAWS 0.79%; BID-TO-COVER RATIO: 3.21 V 3.31 PRIOR AND 3.14 AVG OVER THE LAST 10 AUCTIONS
[13:02] {Threei}  - 25.34% allotted at high.
[13:02] {Threei}  - Median 0.746%; Low 0.691%.
[13:02] {Threei}  Indirect bidders take 42.36% of competitive bids; direct bidders take 11.71% of competitive bids, dealers take 45.93%.
[13:18] {Threei} Long Setup:  TZA  .60 break
[13:20] {strider} .55 sstop?
[13:20] {nemo} .50
[13:20] {Threei}  .50 to me
[13:20] {Threei}  if you take large lot and want to do scalp type I, you got 1:1
[13:22] {Threei}  TEVA Confirms Court Denies Sandoz/Momenta's Summary Judgment of Invalidity in Copaxone Litigation
[13:27] {nemo} X sure strong today
[13:28] {Threei}  TZA ocer 1:1
[13:28] {Threei}  over too
[13:30] {strider} holding X from 47.04
[13:31] {nemo} WOW
[13:31] {strider} intendedd as swing
[13:37] {Threei}  jf forgot whewre the door is?
[13:38] {dino} gj strider
[13:41] {strider} out 1/2 X +1.33
[13:41] {strider} thx dino
[13:41] {jfjf64} i  found the door
[13:42] {jfjf64} got lost
[13:43] {Threei}  thought so
[13:43] {Threei}  worse, you missed two winning trades
[13:43] {jfjf64} i see  tza
[13:44] {Threei}  GS earlier
[13:45] {jfjf64} .43 break down??
[13:45] {Threei}  ?
[13:46] {jfjf64} what  was entry  gs
[13:47] {Threei}  .55... went to about .80
[13:50] {gregns} athr break of .30 ?
[13:51] {jfjf64} lvs  c/h
[13:51] {jfjf64} ??
[13:52] {Threei}  ATHR, no clear read
[13:53] {Threei}  LVS, chart is right... whether market supports the break and follow through, big question
[13:53] {gregns} ty
[13:56] {Threei}  looks like break has a chance
[13:56] {Threei}  GS vertical
[13:57] {Threei}  LVS honestly trying
[13:57] {jfjf64} in .38
[13:57] {jfjf64} aggressive
[14:00] {dino} lphi l .03 sm
[14:01] {RonS} hearing hpq sueing hurd...
[14:03] {RonS} ...if you gave someone $50 mil din't you think you would have a non-compete clause?
[14:14] {Threei}  (IQ) Iraq Oil Minister: OPEC should only call extraordinary meeting if oil falls below $70/bll
[14:14] {Threei}  this is what, new "extraordinary" low?
[14:16] {dino} zzzzzzzzzzzzzzzzz
[14:31] {strider} X going for 49
[14:39] {dino} dsw to .44
[14:39] {dino} out +.14
[14:40] {Threei}  hmmm
[14:40] {Threei}  breakdown again
[14:40] {dino} lphi to .24
[14:49] {i2r} dino, there's barely any volume, how do you trade that?
[14:49] {nemo} mysteries of the universe i2r
[14:49] {dino} it's what i do
[14:49] {RonS} hp method
[14:49] {dino} out slipped to .20, +.17
[14:50] {nemo} h&p method Ron
[14:50] {dino} little vol. play small, they get jumpy
[14:50] {i2r} h&p? meaning?
[14:50] {RonS} hope and a prayer
[14:50] {i2r} lol
[14:50] {RonS} would be for me anyway...
[14:52] {dino} all i can say is find your edge and control it thru size
[14:53] {RonS} u sound like my wife   :D
[14:54] {dino} lol
[14:54] {dino} casc keeps bouncing between .40 and .90
[14:54] {dino} thin
[14:55] {i2r} lol
[14:57] {nemo} vad wins...kinda'
[14:57] {RonS} euro just rant the stops below 1.27 and trying to recapture it
[14:58] {Threei}  TNA bounce for scalp
[14:58] {nemo} yeah watchin
[14:58] {Threei}  but overall, still down
[14:58] {nemo} .45 area support
[15:04] {Threei}  got it right
[15:04] {Threei}  but take scalp
[15:04] {Threei}  don't oversit, selling is not done yet
[15:04] {nemo} long gone
[15:04] {Threei}  good
[15:04] {Threei}  selloff resumes with no warning
[15:04] {Threei}  easy to get caught
[15:09] {dino} thinking, volume may suck until bonds start tanking.
[15:10] {dino} money has been coming out of markets and going into bonds
[15:12] {dino} cree thuirs gap fill
[15:14] {dino} cree l .60
[15:15] {strider} what's your stop dino?
[15:16] {nemo} pivot support is .29 also have some support at .45
[15:17] {strider} thx
[15:17] {dino} .48
[15:20] {Threei} Long Setup:  TZA  .85 break
[15:20] {Threei}  if holding .80
[15:20] {dino} 1/1 strider
[15:21] {Threei}  1:1
[15:31] {Threei}  last question of the day: bounce or further break
[15:32] {nemo} or meander
[15:32] {i2r} bouncer is what I vote for
[15:32] {dino} bounce
[15:33] {gregns} breakdown
[15:33] {nemo} meander
[15:34] {strider} breakdance
[15:34] {gregns} lol
[15:34] {i2r} LVS
[15:34] {nemo} you thought that was funny?
[15:35] {nemo} speaking of funny...Les awful quiet
[15:41] {Threei}  ok, pullback, then another march up
[15:41] {Threei}  let's try to catch TNA on pullback
[15:41] {Threei}  closer to .60
[15:48] {Threei}  ok
[15:48] {Threei}  .60 break
[15:48] {Threei}  if drops under .55, .55 break
[15:48] {Threei}  etc
[15:48] {Threei}  5 cents ranges
[15:51] {nemo} meanderrrrrrrrrrrrrr
[15:51] {Threei}  this should be it
[15:51] {Threei}  bounce for a scalp on first cross
[15:51] {nemo} look at the time
[15:52] {Threei}  .25 break
[15:53] {nemo} .06 bounce area if doesn't hold .20
[15:54] {Threei}  nope
[15:54] {Threei}  breakdown in full force
[15:55] {nemo} .57 spy pivot support
[15:56] {nemo} dino takes trades now
[15:56] {Threei}  lol
[15:56] {Threei}  .15 cross worked finally
[15:58] {Threei}  not an easy day but activity is on increaze
[15:58] {Threei}  noy a dead stall for the most of the day
[15:58] {nemo} I was willing to take .10 with .06 as support, didn't quite get there
[15:59] {Threei}  gotta catch the right rythm tomorrow
[15:59] {i2r} I vote for the breakdown for the remainder of the day
[15:59] {Threei}  lol
[15:59] {nemo} we got meander in range...nemo wins
[15:59] {i2r} we still have 1 minute :)
[15:59] {Threei}  ugh, nice bounce
[16:00] {nemo} true
[16:00] {Threei}  okay guys
[16:00] {Threei}  hank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {Threei}  (EU) ECB's Stark: Expecting Eurozone growth to moderate in 2H10; there has been no loss in the confidence in the Euro
[16:00] {Threei}  medorate?
[16:00] {Threei}  sigh
[16:05] {dino} gn all

Sep 03 2010

Not very active day, but we ended summer trading on a profitable note. Looking forward to more activity after the long weekend.

Session Time: Fri Sep 03 00:00:00 2010
[08:16] {Threei}  (US) Preview: Aug Unemployment Rate data due out at 08:30ET (12:30 GMT)
[08:16] {Threei}  - Consensus expectations at 9.6%e v 9.5% prior (analyst range of estimates seen from 9.5% to 9.8%)
[08:30] {nemo} that was cute
[08:30] {Threei}  *(US) AUG UNEMPLOYMENT RATE: 9.6% V 9.6%E
[08:30] {Threei}  *(US) AUG AVERAGE HOURLY EARNINGS M/M: 0.3% V 0.1%E; AVERAGE WEEKLY HOURS: V 34.2E
[08:30] {Threei}  *(US) AUG CHANGE IN NONFARM PAYROLLS: -54K V -105KE; CHANGE IN PRIVATE PAYROLLS: +67K V +40KE
[08:30] {Threei}  USD/JPY USD firms on bettter payroll data
[08:30] {nemo} well, big gap up on the friday before labor day...time to go back to bed
[08:34] {nemo} call Dino, tell him to take the day off
[08:40] {dino} gm all
[08:40] {Threei}  dino :)
[08:40] {nemo} go back to bed dino
[08:40] {Threei}  nemo wants you to go home
[08:42] {dino} crazy market, mon and tuesday death calls, then all is well happy go lucky
[08:56] {dino} tlt dropped
[09:05] {strider} morning all........
[09:05] {strider} interesting morning.
[09:06] {Threei}  strider :)
[09:06] {strider} :)
[09:06] {Threei}  nothing interesting... gap up... rarely makes for a good tradeable day
[09:07] {strider} darn....wrong again.  :(
[09:07] {Threei}  don't get desperate
[09:07] {nemo} drink
[09:07] {ese} morning......
[09:07] {Threei}  try: goshdarnit, gap up, we may go home
[09:08] {Threei}  ese :)
[09:08] {nemo} make it a four day weekend
[09:08] {Threei}  go ahead, try it and see me saying: come on, we sure will find a trade or two
[09:09] {Threei}  point is, my natural inclination to object makes it unwinnable game for ya :)
[09:09] {strider} hmmm...there must be some way to use that to my advantage.
[09:10] {Threei}  that's what I thought when my wife said "no breakfast for you today"... guess what - I was wrong
[09:11] {RonS} gm amigos  ;)
[09:11] {Threei}  Ron :)
[09:12] {Threei}  president is coming on TV, to brag about achievement
[09:18] {RonS} ruining the country?
[09:19] {RonS} creating permanent haves and have nots?
[09:20] {RonS} winning a war?
[09:20] {RonS} weakening Earl?
[09:20] {Threei}  see? a lot to choose from
[09:21] {ese} you know.....you all a bees hiving about that guy but i like him
[09:21] {RonS} me too...the surest thing going...on TV market down...off market up
[09:21] {strider} whatcha lookin at, vad?
[09:21] {Threei}  (US) PIMCO's McCulley: Jobs data reduce urgency for Fed to take additional action; sees odds of more quantitative easing (QE) dropping - TV interview
[09:21] {Threei}  - Does not rule out the chance of more QE being announced at Sept 21st FOMC meeting.
[09:21] {Threei}  - Does not see a bear market ahead for bonds, expects bonds to remain range bound with the Fed at the zero bound.
[09:21] {ese} lol
[09:22] {Threei}  mostly usual susoects
[09:22] {ese} I think he's a decent man........although....you never know behind the scenes
[09:22] {strider} now, ese, you made nemo mad.
[09:23] {Threei}  that aklone doesn't qualify for the job, does it?
[09:23] {ese} any Marilyn Monroes or monica's that you know of
[09:23] {jfjf64} mornin all
[09:23] {Threei}  jf :)
[09:24] {ese} no it doesn't for sure vad......but impressions can go along way
[09:24] {Threei}  I am biased ese - his views are what ruined my first country
[09:24] {Threei}  so I see his actions as what is threatening to ruin this one
[09:25] {RonS} O = supercillious narcisism
[09:25] {ese} what views are those vad....
[09:25] {gen} morning all
[09:25] {RonS} economic stultifying government
[09:25] {Threei}  to put it succinctly: wealth distrbution, government running economy
[09:26] {Threei}  gen :)
[09:26] {Threei}  and killing private initiative and enterpreneaurship spirit
[09:26] {Threei}  only spelled better
[09:27] {Threei}  those who lived in USSR saw firsthand where it leads and how it ends
[09:27] {Threei}  some analogies are beyond freaky, you would shudder if had a chance to draw them
[09:29] {RonS} ...and big biz loves it, for it cements their postion.  One of the prmary tents of Adam Smith.
[09:29] {RonS} tents = tenents
[09:30] {dino} he's a socialist
[09:31] {Threei} Long Setup:  LVS  .75
[09:31] {Threei}  if stays above .65
[09:31] {ese} out pwer .68 +.48
[09:31] {ese} my hold from yesterday
[09:32] {dino} gj
[09:32] {ese} tks
[09:32] {Threei}  1;1
[09:32] {ese} 3k worth
[09:33] {dino} we are leaving some big gaps below on averages
[09:35] {Threei} Short Setup: RIMM  .65 break
[09:36] {Threei}  stop above .75 for scalpers, .80 day traders
[09:37] {Threei} Short Setup: CAT  .95 break half loty
[09:38] {Threei}  invalidated
[09:40] {jfjf64} AIG /
[09:40] {Threei}  long time no see eh
[09:41] {dino} vxx close to 52 week low
[09:43] {Threei} Long Setup:  FAZ  .75
[09:45] {Threei}  (US) Preview: Aug ISM Non-Manufacturing Composite due out at 10:00ET
[09:46] {Threei}  Morici: we need to add 300K jobs a month to get unemployment rate under 6% in 2013
[09:47] {Threei}  (US) White House Advisor Goolsbee: Employment report is substantially improved, reiterates that Obama Administration is not considering a second stimulus package
[09:47] {Threei}  - President is NOT considering a second "stimulus"; Administration has spoken about other possible programs to help recovery
[09:48] {RonS} bring on the Orwellian nomenclature...
[09:48] {strider} move FAZ stop up?
[09:49] {Threei}  why?
[09:49] {Threei}  I'd keep it at .65 for now
[09:49] {strider} thx
[09:52] {Threei} Short Setup: LVS  31 break
[09:52] {Threei}  if stays under .05
[09:53] {Threei}  invalidated
[09:57] {dino} hum dee dum
[09:57] {nemo} told ya'
[09:57] {dino} yeah
[09:57] {dino} see if 10:00 numbers do anything
[09:58] {ese} i see what you mean with the gaps dino.......dangerous territory for longs here
[09:58] {ese} d
[09:58] {dino} feels like it, they have been filling religously
[09:59] {nemo} we're at the top of a trading range, or approaching it on the spy
[10:00] {nemo} too funny
[10:00] {Threei}  *(US) AUG ISM NON-MANUFACTURING: 51.5 V 53.2E
[10:00] {ese} 113.18 or there abouts nemo?
[10:01] {Threei}  FAZ 1:1
[10:01] {nemo} yep
[10:01] {RonS} O coming on TV now...
[10:01] {Threei}  Fed's Lockhart: Economy is experiencing a "temporary downshift," remains on the road of gradual recovery
[10:01] {Threei}  "temporary downshift," eh
[10:02] {Threei}  but fear not:
[10:02] {Threei}  *(MX) AUG MEXICO CONSUMER CONFIDENCE: 88.7 V 86.8E
[10:02] {RonS} lol
[10:03] {Threei}  RMBS Hearing renewed takeover chatter circulating (18.89, +0.33, 1.78%)
[10:03] {dino} shocking
[10:03] {Threei}  and very new
[10:05] {RonS} ...more spin for te barby...RUMOR    ARMH -  hearing Apple is set to buy buy Arm Holdings, Plc for $30/share or higher  -unconfirmed chatter starting to go around
[10:06] {RonS} Samsung rumor as RMBS buyer
[10:07] {dino} mkts dropping
[10:07] {dino} vxx l .20
[10:08] {Threei}  come in little FAZzy
[10:08] {Threei}  1:2
[10:08] {ese} Wonder if Lockhart is driving a Russian Lada
[10:09] {Threei}  we can only wish
[10:09] {ese} did you ever own one
[10:09] {Threei}  yup, my first car
[10:09] {ese} and it lasted ....what.....3 months
[10:10] {Threei}  no... couple years... then I bought BMW, lol
[10:11] {ese}  a fellow i used to commute with in winnipeg bought one.......we use to have to roll down the windows in the winter to see where we were driving on the highway
[10:11] {ese} freezing our ears off......damn it was funny
[10:11] {Threei}  sounds familiar
[10:11] {dino} lol
[10:11] {ese} everyday something went haywire with that car but it kept on ticking
[10:11] {Threei}  but you haven't tried the pride of soviet autoindustry, Zaporozhets
[10:12] {strider} question , vad.
[10:12] {Threei}  famed as the most quiet car in the world
[10:12] {Threei}  since your knees cover your ears
[10:12] {RonS} did not run?
[10:12] {ese} rotflol
[10:12] {strider} My trade didn't execute on FAZ at 2:1...had it preset.
[10:12] {Threei}  ?
[10:12] {strider} Is your technique then to take what you can get if it pulls back?
[10:13] {strider} or hold it for second try?
[10:13] {Threei}  depends on my conviction in the trade
[10:13] {Threei}  no single answer
[10:13] {RonS} out faz .98 +.24  thanks 3i and O
[10:13] {Threei}  you are welcome
[10:13] {dino} gj
[10:13] {jfjf64} TY  STILL IN
[10:14] {Threei}  too bad LVS invalidated setup
[10:14] {ese} dino i can't find anything pullbacky enough to get into......how bout you
[10:14] {Threei}  look how nicely it dropped
[10:14] {jfjf64} lvs
[10:14] {Threei}  ese, I will try to find an old photo, B&W... me, young and energetic, with my first car
[10:15] {dino} vxx is all
[10:15] {ese} nice
[10:15] {dino} watching dgit again
[10:15] {ese} tks dino
[10:15] {ese} ahhhhhh
[10:15] {ese} sina DBI
[10:16] {Threei}  JF
[10:16] {Threei}  I would exit FAZ around here
[10:16] {dino} vxx to .32
[10:16] {jfjf64} yes
[10:16] {jfjf64} ty bos
[10:16] {Threei}  we are about 1:3
[10:17] {Threei}  and chances of further market drop or bounce become about even
[10:17] {jfjf64} lobster this weekend
[10:17] {jfjf64} ty  faz
[10:17] {Threei}  bounce will kill FAZ
[10:17] {dino} out vxx.34, +.14
[10:17] {jfjf64}   ty 3i
[10:17] {Threei}  welcome sir
[10:18] {Threei}  enjoy your lobster
[10:18] {Threei}  I will check mailbox for my claw
[10:18] {jfjf64} lol
[10:20] {Threei}  have a look at FAZ
06[10:20] * Threei pats himself on the back for exit call
06[10:21] * Threei dislocates shoulder and goes away till Tuesday
[10:22] {RonS} ...and I figured you were double jointed
[10:22] {ese} ARST
[10:23] {dino} arst drop
[10:23] {Threei}  shhh Ron... I am, but I keep it under wraps so I could pretend to be wounded
[10:23] {ese} talk about your kick in the arst
[10:23] {Threei}  lol
[10:23] {Threei}  US President Obama: Reiterating that there is no 'quick fix' to the economy
[10:23] {Threei}  - Will hold a press conference next week to discuss broader package of measures to boost the recovery and accelerate jobs growth.
[10:24] {RonS} ...but we must not call it simulus...
[10:24] {Threei}  no news ARST, I guess takeover rumor unraveling
[10:25] {RonS} ...they must have concluded their all hands on deck meeting w/ no mention of it...
[10:26] {dino} ulta
[10:30] {jfjf64} faz  vad .05 break
[10:31] {Threei}  no read
[10:31] {Threei}  50/50
[10:31] {Threei}  can be double top just as well
[10:32] {dino} ulta sm s .99, bstop .31
[10:33] {RonS} ...careful dino, i show 4.8 mil shares short...
[10:33] {dino} thx
[10:33] {dino} hard stop no worries
[10:34] {dino} tighten to hod
[10:35] {strider} X short?
[10:36] {nemo} spy looks like bottoming
[10:37] {dino} to b/e ultra, should have fallen
[10:37] {Threei}  can't tell X
[10:38] {jfjf64} mgm  bounce
[10:38] {jfjf64} ??
[10:38] {strider} wass thinking short break .90, .95 invalidates.
[10:38] {strider} which it did.
[10:38] {Threei}  way too narrow jf... water torture stock
[10:38] {nemo} that's why I said spy looks like bottoming
[10:39] {strider} not that there's anything wrong with that. (Water torture)
[10:39] {jfjf64} narrow  ? explain  pls
[10:40] {jfjf64} levels  look thick
[10:40] {nemo} range
[10:40] {jfjf64} must hv  wrong  idea narrow
[10:40] {Threei}  whole range for the day is about 30 cents
[10:40] {ese} well the opposite of getting a kick in the arst is a shot in the armh.....
[10:40] {nemo} your previous swing high is to .00
[10:40] {jfjf64} ahh
[10:40] {Threei}  lol ese
[10:40] {ese} doesn't take much for it to shoot up
[10:41] {jfjf64} narrow  very  narrow
[10:42] {ese} if this pullback bounces of the  1min chart 50ma i'm in
[10:51] {ese} ok....lets have the spy do a double bottom thingand break above it's 50 ma
[10:52] {dino} ulta cov .69, +.30
[10:52] {i2r} gj dino
[10:52] {RonS} gj dino
[10:52] {dino} ty
[10:53] {ese} nice dino
[10:53] {dino} ttwo might get interesting if gets close to gap from close
[10:53] {dino} brb
[10:54] {ese} yup ....have got ttwo on my radar as well
[10:56] {nemo} fcx vad
[10:56] {nemo} thoughts
[10:57] {Threei}  (US) Fed's Lockhart: US Govt must deal with the fiscal situation; must devise a "gameplan;" full employment level moving foward will be approx 5.5-6% - Q&A
[10:57] {Threei}  - Says the Fed has no appetite whatsoever to monetize the US federal debt.
[10:57] {Threei}  - Notes that the worldwide concern level will decline when the US releases a realistic fiscal plan.
[10:57] {Threei}  - Comments that some jobs lost will be permanent due to structural changes.
[10:57] {Threei}  - Treasuries component of the balance sheet has been stable.
[10:57] {nemo} don't hurt yourself
[10:57] {Threei}  thoughts?? me? I am so flattered
[10:58] {i2r} my target for the day is done, thx to vad and some of my own choosing :). now will hunt only for absolute bargains.
[10:58] {Threei}  bounce I think, nemo
[10:58] {ese} my shot in the armh watch is invalidated
[10:59] {Threei}  cool beans, i2r
[10:59] {dino} wow, they just realize they need a gameplan! also, me thinks they protest too much on monetizing the debt
[11:00] {Threei}  here comes my bounce
[11:00] {dino} gj i2r
[11:00] {i2r} thx dino, vad
[11:00] {jfjf64} bonce
[11:00] {_kowboy} what is vads user name here?
[11:00] {strider} Les.
[11:00] {i2r} is bounce for fcx?
[11:00] {dino} 3eye
[11:01] {dino} threei
[11:01] {RonS} lol strider
[11:01] {i2r} &threei
[11:01] {_kowboy} ty
[11:01] {i2r} creative, dino
[11:01] {strider} Vad goes by many names.
06[11:01] * Threei slaps strider around a bit with a large 2x4 spiked with rusty nails
[11:01] {Threei}  that would be me kowboy
[11:02] {strider} Vad the impaler is one of them.
[11:02] {_kowboy} ty
[11:02] {ese} ULTA.......sounds like your girlfriends name if your from the old country
[11:02] {i2r} there's no real bounce, is there?
[11:02] {i2r} i've been shorting all day
[11:02] {dino} me too
[11:03] {Threei}  we got lucky this way,
[11:03] {Threei}  these gap up days are too often end with all day stall
[11:03] {nemo} Friday before Labor Day weekend
[11:03] {dino} nemo dgit thoughts
[11:04] {RonS} 10 + 10
[11:04] {RonS} fingers and toes
[11:05] {dino} lol
[11:05] {dino} took me a bit
[11:06] {Threei}  dino, nemo fainted
[11:06] {nemo} pivot is .16 vwap .25 and falling and it just respected the 38.2 retracement from the low, don't think there's going to be much for awhile
[11:06] {Threei}  lol Ron
[11:07] {dino} ty
[11:07] {nemo} question becomes, will some jokers want to push things this afternoon because of the likely very low volume
[11:07] {strider} nemo, I love it when you talk that way.
[11:07] {RonS} ...but nemo needs to be more specific
[11:07] {nemo} range play going into lunch
[11:08] {Threei}  this is a very high chance nemo, IMO
[11:08] {Threei}  I've seen this happening many times
[11:08] {nemo} oh, and strong support at 15.95 for a stop
[11:08] {Threei}  most famous is incredible rally on Thanksgiving day in, umm, 1998
[11:09] {Threei}  with almost no volume
[11:09] {nemo} volumes are solid so far though
[11:11] {Threei}  FCX bounce :)
[11:11] {jfjf64} ty
[11:12] {jfjf64} played  little c/h  .04
[11:13] {jfjf64} feels  lk  lvs  .76
[11:13] {dino} dgit l .06 stop .94
[11:13] {jfjf64} 50/50
[11:14] {nemo} whoa, if that's real at .05 we have a floor
[11:16] {nemo} bid moved up to .06
[11:16] {dino} if is a word in middle of life
[11:17] {jfjf64} nemo  ??
[11:17] {nemo} wow...deep
[11:17] {nemo} what jf
[11:17] {jfjf64} what r ya watchin
[11:17] {nemo} level II bids
[11:17] {nemo} look at .05
[11:17] {jfjf64} on  what  stock
[11:18] {nemo} dgit
[11:18] {nemo} crissakes, feels like I'm talkng to Les
[11:18] {dino} roflol
[11:18] {jfjf64} god  4 bit
[11:18] {nemo} scroll down the bids jf
[11:19] {jfjf64} homey  dont  pley  lk  that
[11:19] {nemo} fine
[11:19] {jfjf64} i  see bids  207  at  that  level
[11:20] {dino} scanners are slowing down
[11:20] {nemo} yeah, if that's real, that's your floor
[11:21] {dino} seems to be real, chewing on it
[11:21] {Threei}  gen, dcc
[11:22] {jfjf64} so what  is  ya  read  may  i ask
[11:22] {jfjf64} breaks  05  short
[11:22] {jfjf64} gs   keps  climbing
[11:29] {dino} reminds me of the turtle
[11:39] {dino} teva l .53 stop lod
06[11:40] * Threei slaps gen around a bit with a large request to have a look at his dcc
[11:46] {dino} teva to .49, stuck
[11:47] {dino} stopped -.04
[11:52] {ese} time to start thinking about ttwo dino........give it lunch and then....??
[11:53] {dino} \up or down, gut says up, but....
[11:54] {nemo} folks...that order s gone from .05
[11:54] {strider} yeah, has been for awhile
[11:54] {dino} see that
[11:54] {nemo} sorry, had to reboot, just getting my bearings again
[11:58] {ese} up
[12:00] {dino} dgit to flat
[12:03] {strider} ACAS
[12:03] {nemo} cree
[12:06] {dino} ctrp l .34
[12:07] {strider} cldx...a bit late
[12:08] {strider} casc
[12:08] {strider} wide
[12:09] {dino} ouch casc
[12:09] {strider} looks like it's going some more
[12:10] {dino} no news
[12:10] {strider} daily chart is a mess
[12:10] {dino} gap fi;;ed from tues close
[12:11] {dino} might be worth a sm gamble
[12:13] {strider} fnsr
[12:20] {dino} ulta new hi
[12:21] {Threei}  be back in 20
[12:22] {i2r} high gets higher, dino? you think?
[12:23] {i2r} it's like GS today
[12:23] {dino} +19% feels toppy
[12:23] {dino} look for spike up then drop imo
[12:28] {dino} casc reported yesterday
[12:30] {dino} casc beat
[12:30] {nemo} your kinda' volume dino
[12:31] {dino} but it is getting thinner as day goes
[12:39] {dino} partial fi;; sm casc .90 l
[12:40] {dino} fill
[12:46] {nemo} I see dgit is followng the water torture script
[12:46] {dino} seriously
[12:46] {nemo} mos coming nto bounce territory
[12:47] {jfjf64} ya  think
[12:48] {nemo} yeah
[12:48] {nemo} there
[12:48] {nemo} off of yesterday close
[12:48] {jfjf64} nemo  ya  use  trade  ideas scan
[12:48] {nemo} no
[12:49] {nemo} I watch a basket of stocks
[12:54] {jfjf64} lvs  gonna  fly
[12:54] {jfjf64} with  spy
[13:02] {jfjf64} in  .92
[13:02] {jfjf64} spy  flyin
[13:03] {jfjf64} take  half off
[13:03] {Threei}  back
[13:04] {jfjf64} 31  bein  tough
[13:04] {i2r} did you see GS???
[13:05] {Threei}  The Goldman Sachs Group Inc Hearing chatter circulating that company is again continuing efforts to comply with Volcker rule, through closing prop trading unit
[13:05] {Threei}  - Note: This chatter has circulated in the past, with JPM among the banks who have confirmed decisions to close their prop desks
[13:05] {jfjf64} out  b/e 2 piece
[13:07] {jfjf64} gs
[13:08] {jfjf64}   was  lookin  .15  break
[13:08] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[13:08] {dino} out ctrp ave .40, +.06
[13:09] {nemo} way to chop it up DINO!!!
[13:09] {nemo} sorry...they're making me drink
[13:10] {strider} this is nemo on drugs.
[13:10] {nemo} nah...I would never trade on mushrooms
[13:10] {nemo} might watch the screens though....;)
[13:11] {strider} does it beat Fantasia?
[13:11] {dino} :D
[13:11] {nemo} yeah, saw that once, also, the Emerald Forest is cool too
[13:11] {nemo} However,  Peyote during a sweat lodge...I do not recommend
[13:12] {strider} I don't recommend a sweat lodge.:)
[13:13] {nemo} Unfortunately, or fortunately, when I go see my Indian friends, which is rather infrequent, they have a special one when I visit..
[13:14] {strider} hmmm...
[13:15] {nemo} Yeah, what am I gonna' do, say "no"
[13:16] {nemo} gs break of .86?
[13:16] {nemo} yep
[13:16] {strider} too wicked for me today.
[13:16] {jfjf64} im sick
[13:16] {nemo} I'm not a GS person myself
[13:17] {strider} incompatible with sweat lodges
[13:17] {nemo} nice call on my part though
[13:17] {nemo} Yeah, not sure what's worse, that, or cold meditation
[13:18] {strider} I usually just take vitamin C.
[13:18] {nemo} I don't get the choice
[13:18] {Threei} Short Setup: X  46 break
[13:18] {Threei}  half lot
[13:19] {nemo} two way vad?
[13:19] {Threei}  no, thank you
[13:19] {nemo} oy vay
[13:19] {jfjf64} lol
[13:19] {strider} more of that sweat lodge stuff
[13:20] {jfjf64} .10 hold  ofcourse
[13:20] {strider} thinkiing .15 stop?
[13:20] {Threei}  nah, .10
[13:20] {nemo} and I was thinking long break of .05....too much wine
[13:21] {jfjf64} nemo  ya  fading  it
[13:21] {nemo} no
[13:21] {Threei}  I wouldn't
[13:21] {jfjf64} dont  say  after  fact
[13:21] {jfjf64} lol
[13:21] {nemo} but volume will tell
[13:24] {strider} 200ma support
[13:24] {nemo} yep
[13:25] {nemo} no volume anywhere though
[13:25] {dino} dgit to .09 zzzzzzzzz
[13:27] {nemo} frickin' Swiss standoff
[13:28] {dino} out dgit +.03
[13:28] {nemo} killin' it today dino
[13:28] {dino} not really
[13:29] {nemo} I'm being an obnoxious wise ass dino
[13:29] {dino} ahhh, how did i miss that
[13:29] {strider} it's very subtle, easy to miss.
[13:30] {nemo} yeah...I'm as subtle as a 12 lb. sledge
[13:30] {jfjf64} looks  lk  c/h    x
[13:30] {nemo} look at .10 offers
[13:30] {jfjf64}   long
[13:30] {Threei}  I don't really get why GS would drop on that
[13:30] {Threei}  n wonder it totally recovered
[13:31] {Threei}  so what if they spin off trading department
[13:31] {nemo} those .10s got pulled
[13:31] {Threei}  it's not like they quit trading business
[13:32] {dino} the partners will own it privately
[13:32] {nemo} yeah, spinning it off the shareholders still own it
[13:32] {Threei}  banks, as I understand, are essentially told not to risk depositors' money in trading operations
[13:33] {strider} bwahahahahaha!
[13:33] {Threei}  thus not jeopardizing whole financial system by bad bets
[13:33] {nemo} spy forming a triangle that wll have to resolve fairly soon
[13:33] {Threei}  so they separate those,
[13:33] {Threei}  and we are back to what we had before the wall was demolished
[13:33] {Threei}  they'll have a bit less funds to operate with
[13:34] {Threei}  so what?
[13:34] {nemo} You want me on that wall! You need me on that wall!
[13:34] {strider} those flashbacks again, nemo?
[13:34] {dino} ttwo l .70
[13:35] {nemo} Did you or did you not order a Code Red!?
[13:35] {strider} no, I ordered a large fry
[13:35] {dino} lol
[13:37] {nemo} 1/2 out x
[13:39] {nemo} 1/4 more .16
[13:39] {Threei}  FNMA Fox's Gasparino: US Treasury speaking with Wall Street companies with regards to the GSEs` (0.31, 0.00, 0.16%) (related FMCC )
[13:39] {nemo} o.k. defecate or get off the pot time now
[13:43] {nemo} just a thought, watch for C&H off tna .27 pivot support
[13:45] {i2r} You can't handle the truth!
[13:46] {Threei}  lol
[13:46] {strider} maybe with gloves
[13:46] {Threei}  ox's Gasparino: US Treasurycould seek to combine the two GSEs
[13:47] {Threei}  that's great
[13:47] {dino} all of this is old news
[13:47] {Threei}  let's also combine GM and Chrysler
[13:47] {strider} I want Studebaker back.
[13:49] {strider} thinking about buying a mini-cooper.
[13:49] {RonS} go all the way...get a Smart car
[13:50] {strider} stupid car
[13:50] {RonS} or a tricycle...
[13:50] {Threei}  in 2 ft of snow it's doesn't look very Smart
[13:50] {ese} L gmcr .97
[13:50] {ese} AGGRESSIVE ENTRY!!!!!!!!!
[13:50] {ese} according to vads book
[13:51] {Threei}  I have a book?
[13:51] {Threei}  wait, I do... Decameron
[13:51] {dino} who is vad?
[13:51] {ese} indeedee you do
[13:51] {ese} and it works
[13:51] {RonS} # 4 million on the Amazon sales list...:)
[13:52] {ese} rotflol.......too funny
[13:55] {RonS} Vad deserves more notoriety.  This program is the safest and most consistent thing going...imo
[13:55] {strider} hpq
[13:55] {RonS} hpq?
[13:56] {strider} Yes, ron.  HPQ :)
[13:56] {jfjf64} hpq?
[13:56] {strider} hpq? ?
[14:00] {Threei}  OK, I am game... HPQ?
[14:00] {nemo} what are we doing
[14:00] {Threei}  I don't get to get that, Ron
[14:00] {strider} VDL
[14:01] {strider} very damn little
[14:01] {Threei}  some reviews I see make me wonder whether people can actually read at all
[14:01] {RonS} the problem with the world...they can't...
[14:01] {Threei}  for instance, idiots complaining that TTR is not about tape reading since it doesn't teach to read T&S
[14:02] {strider} actually, was looking at HPQ as a possible short if market weakened.
[14:02] {Threei}  make me think what it is they want to do when they intend to learn scalping
[14:02] {ese} out gmcr .98 +.01  AGGRESSIVE!!!!!!!!!      EXIT.......slow boat to nowhere
[14:02] {Threei}  wow ese... don't spend it all in one place
[14:02] {jfjf64} im  lst  hpq
[14:02] {ese} lol
[14:02] {jfjf64} lost
[14:02] {dino} now thats scalping ese
[14:03] {ese} useless money there
[14:03] {strider} what more do you want to know jf?
[14:03] {ese} lol
[14:03] {dino} flip a coin jf
[14:03] {jfjf64} what time  is  happy  hour
[14:03] {strider} you missed it.
[14:03] {dino} 3:00
[14:03] {strider} Try again Tuesday.
[14:03] {jfjf64}  i be  green  and  HAPPY
[14:04] {RonS} Kermit?
[14:04] {ese} 200,000shs at .01 cent    2000 bucks what could be easier
[14:04] {RonS} lol ese
[14:04] {nemo} ese...what about commissions
[14:04] {jfjf64} COMON really  ese
[14:06] {ese} oh ya commisions 3000 bucks
[14:06] {strider} tax write-off, don't worry about it, ese.
[14:07] {ese} i need to remind you all that boredom does weird things to people
[14:07] {jfjf64} yup
[14:07] {RonS} tell that to the Chilean miners...
[14:09] {RonS} ...gotta feel for those guys
[14:09] {dino} bummer
[14:09] {ese} ya
[14:10] {RonS} lvs gonna give it up?
[14:10] {strider} GE just took a small dump...sometimes precedes spy
[14:10] {nemo} cat bounce coming
[14:10] {strider} dead?
[14:11] {nemo} ha    ha    ha  cough     gag
[14:11] {strider} your not supposed to eat it, nemo.
[14:11] {strider} you're
[14:11] {RonS} ...and I thought i was a cornball...
[14:12] {dino} casc gettoing a bid
[14:12] {ese} was that a fur ball you just coughed up nemo
[14:12] {dino} well, moving up
[14:12] {dino} out ttwo .74, +.04 sheesh
[14:13] {RonS} 4x ese...
[14:13] {ese} 200,000 shs dino
[14:13] {dino} yeah, right. 1k
[14:14] {dino} hit .77 so i tightened, it sees me and stops
[14:14] {ese} anybody got a pit cam........i'll bet theres no traders there
[14:14] {dino} plenty of pit scams
[14:15] {ese} new york or chicago
[14:16] {RonS} ...been to Chicago. on a normal Friday there is noone there in the summer...
[14:17] {RonS} ulta getting some selling...
[14:20] {ese} L zion .40
[14:21] {RonS} a vote for the Utah win?
[14:21] {dino} go penn state
[14:22] {RonS} they beat Pitt...
[14:26] {dino} pre-season
[14:27] {strider} Ron, I'm not looking at the mini as just an econo-car.....it's a pretty decent sports car.
[14:27] {dino} i think the milage is not good for its size, not sure tho
[14:28] {strider} 28/37 EPA...but again...that's not the purpose of it. :)
[14:28] {dino} opps my bad
06[14:28] * strider slaps dino around a bit with a large , no a small sports car
[14:29] {dino} deserved that
[14:29] {RonS} ...just a little jab strider.  a friend in high school had an original.  it was cool.
[14:29] {jfjf64} cstr
[14:29] {strider} I know.   A buddy of mine asked me if I was going to order the clown shoes and the orange nose with it.
[14:30] {RonS} i had a Rambler w/ drop back front seats.  perfect if u know what i mean...
[14:30] {nemo} have no idea
[14:30] {nemo} I would just have the chauffeur drive us around
[14:31] {strider} My first car was bought at an ATF auction.  was a liquor -running car.  It had no backseat at all in it.
[14:31] {RonS} ...think stealth van nemo...
[14:31] {RonS} now that is funny strider...did u drop in a mattress?
[14:31] {strider} ATF= old iteration of ATTF
[14:32] {strider} no comment.
[14:32] {dino} i had a 72 ford ltd we used to carry kegs in trunk, run hose thru seat
[14:32] {dino} hit side of road to pump it
[14:32] {dino} good times
[14:37] {dino} half out casc .07, +.30 ave
[14:37] {jfjf64} spy giddy up
[14:37] {dino} stop on remainder at .01
[14:37] {RonS} wow dino...homerun of the day
[14:38] {dino} bit light, those .04s should have been .11s
[14:39] {ese} out zion .94 -.06
[14:40] {ese} done......have a great long weekend all
[14:40] {dino} you too es
[14:40] {ese} see ya tuesday
[14:40] {jfjf64} enjoy
[14:40] {RonS} ...fighting w/ myself to short ulta.  bastards got way too much of my $$ w/ my wife, daughter.
[14:40] {dino} lol
[14:40] {Threei}  take care ese
[14:41] {dino} quitting at 3:00
[14:41] {jfjf64} ditto
[14:44] {dino} wow, wierd, stopped casc at .10 reverse slip, +.33
[14:45] {dino} and w/that, caling it a week. have a safe weekend
[14:45] {RonS} cya dino
[14:45] {Threei}  have a good one dino
[14:46] {dino} :D
[14:51] {jfjf64} enjoy  dino
[14:51] {jfjf64} im  outta  here   just  took  10  cents  out  of  LVS SHORT
[14:51] {jfjf64} ENJOY  ALL
[14:51] {Threei}  take care jd
[14:51] {Threei}  jf
[14:51] {RonS} cya jf
[14:54] {RonS} ciao all. have a good weekend.
[14:55] {Threei}  have a good one Ron
[15:35] {Threei}  hmm
[15:35] {Threei}  what just happened
[15:42] {i2r} spike
[15:43] {i2r} can't figure out if the market wants to finish up or down
[15:43] {Threei}  it doesn't know
[15:44] {strider} ACAS AINV at hod
[15:44] {i2r} what a day, I was up, then down, then up again, all because I didn't want to take a couple of stops!
[15:44] {Threei}  well
[15:44] {Threei}  that will get you in troubles
[15:44] {Threei}  trust me on that
[15:44] {i2r} i saw that today
[15:44] {Threei}  and do tell me,
[15:44] {Threei}  when you refuse to take stop
[15:45] {Threei}  what is it, desire to trade without any single loss?
[15:45] {strider} oh boy
[15:45] {i2r} yes
[15:45] {i2r} :)
[15:45] {i2r} I know it's wrong
[15:45] {i2r} and not workable
[15:45] {Threei}  do you consider yourself the one who will do what no mortal ever could?
[15:45] {i2r} just net to stop worrying about taking losses
[15:45] {i2r} nope
[15:45] {i2r} totally get it :)
[15:46] {Threei}  there you go
[15:46] {Threei}  it's just normal part of the process
[15:46] {Threei}  try to break the process and it will ruin you
[15:46] {Threei}  funny thing is,
[15:47] {Threei}  people are still arguing now and then, on different fora, about trading without stops
[15:47] {Threei}  as if it were something to discuss
[15:47] {Threei}  I long stopped participating in such dicussions
[15:48] {Threei}  just as one won't seriously engage in argument about whether earth is round
[15:48] {i2r} yep
[15:48] {Threei}  I may engage in trying to help one to place them right,
[15:48] {Threei}  or how to condition onelsef for keeping thwm,
[15:48] {Threei}  but not about whether they are necessary
[15:55] {Threei}  ok guys, thank you all
[15:55] {Threei}  we ended month admirably
[15:55] {Threei}  have a great relaxing long weekend
[15:55] {Threei}  looking forward to things starting picking up
[15:55] {Threei}  see you all on Tuesday
[15:55] {i2r} ok the day is looking much better now :)
[15:55] {i2r} this is it for me :)
[15:55] {i2r} night all!
[15:56] {strider} thanks, vad.  See you in the fall.
[15:56] {strider} i.e., Tuesday.

Sep 02 2010

Nicely tradeable day for a change. 7 calls, 6 wins - and even two trades worth posting charts. First is RIG JBE failure - break of support of the consolidation channel without breaking resistance. Chart shows the idea (click for larger view).

Second is neat little Cup and Handle on RIMM:

Session Time: Thu Sep 02 00:00:00 2010
[08:24] {Threei}  US) Preview: Weekly Initial Jobless Claims due at 08:30 ET (12:30 GMT)
[08:24] {Threei}  **Consensus expectations:
[08:24] {Threei}  - Initial claims expected at 475Ke v prior week's 473K (estimates range from 465K to 502K)
[08:24] {Threei}  - Continuing claims seen at 4.440Me v prior week at 4.456M (range seen from 4.44M to 4.69M)
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 472K V 475K; CONTINUING CLAIMS: 4.456M V 4.450M
[08:31] {nemo} you mean exactly as expected...how boring
[08:31] {Threei}  well... with sliiiight improvement
[08:31] {nemo} had tna/tza all teed up
[08:44] {Threei}  Reminder: Fed Chairman Bernanke to testify on "Too Big to Fail" before the Financial Crisis Inquiry Commission (FCIC) starting at 09:00ET
[08:44] {Threei}  if I were a rude person, I'd comment: liar testifying before idiots
[08:44] {Threei}  wait...
[08:45] {jfjf64} mornin  all
[08:45] {Threei}  jf :)
[08:46] {dino} gm all
[08:46] {Threei}  dino :)
[08:46] {dino} :D
[08:48] {jfjf64} i miss anything in  afternoon yest  seen  big  run up
[08:48] {Threei}  actually, most of it happened in the morning
[08:48] {Threei}  market stalled for the most part of the day
[08:48] {Threei}  so no... there were couple trades here and there, but nohting to lose sleep over
[09:04] {RonS} gm all
[09:05] {Threei}  Ron :)
[09:05] {Threei}  (US) Fed's Bernanke: Regulation is a better tool for ensuring stability than monetary policy - testimony before FCIC
[09:05] {Threei}  - Cannot rule out using monetary policy to curb asset bubbles, but regulation is a better tool.
[09:05] {Threei}  - Rules, not statements, will end too big to fail problem.
[09:20] {Threei}  (US) Fed's Pianalto: Housing crisis requires multiple policy responses
[09:20] {Threei}  - Fed feels a great sense of urgency in getting housing market back on its feet.
[09:20] {Threei}  thia is so weird
[09:21] {nemo} cost
[09:22] {Threei}  COST Reports August SSS +7% v 4.5%e, SSS (ex gas) +5%
[09:24] {ese} morning
[09:24] {dino} kss too
[09:24] {strider} morning everyone
[09:25] {Threei}  ese, strider :)
[09:25] {strider} :)
[09:28] {strider} how was volume yesterday?
[09:28] {Threei}  about summer's average
[09:32] {dino} rovi
[09:35] {Threei} Short Setup: LVS  .40 break
[09:36] {Threei}  .50 resistance
[09:36] {Threei}  1:1
[09:37] {ese} l wfc .66
[09:40] {Threei} Short Setup: RIMM  .15 break
[09:40] {Threei}  if stays under .25
[09:40] {Threei}  (US) Preview: July Pending Home Sales due out at 10:00ET
[09:40] {Threei}  (US) Preview: July Factory Orders expected at 10:00am ET
[09:40] {Threei}  1:1
[09:41] {ese} out arun ,05 hold from yesterday -.09
[09:42] {Threei}  1:2
[09:45] {dino} anf
[09:46] {Threei}  waiting for LVS pullback for long entry
[09:46] {Threei}  .50 support
[09:46] {dino} anf sm l .75
[09:49] {Threei} Short Setup: RIG  .70 half lot
[09:49] {Threei}  .80 break better
[09:49] {Threei}  stop above high
[09:50] {Threei}  ready to roll over
[09:50] {Threei}  just no rinsing please
[09:51] {Threei}  good boy
[09:51] {Threei}  drop more
[09:52] {dino} out anf .15, +.40
[09:52] {Threei}  nice
[09:53] {dino} ty
[09:54] {ese} well done dino
[09:55] {dino} :D
[09:55] {Threei}  no go RIG
[09:55] {nemo} i scalped at .70
[09:55] {nemo} taking the short from .80 that is
[09:56] {ese} out wrfc .79 +.13
[09:56] {dino} pkx
[09:58] {dino} scmr
[09:58] {ese} just looking at that dino....short?
[09:59] {dino} y
[09:59] {dino} sm s .46
[09:59] {nemo} spy probably wants to test pre market high of 109
[10:00] {Threei}  *(US) JULY FACTORY ORDERS: 0.1% V 0.2%E (related SPY SHY EUR/USD )
[10:00] {Threei}  *(US) JULY PENDING HOME SALES M/M: 5.2% V -1.0%E; Y/Y: -20.1% V -20.1% PRIOR
[10:00] {Threei}  wow
[10:00] {dino} stopped .72 -.26
[10:04] {Threei}  really want to try RIG again
[10:04] {Threei}  on .80 break
[10:05] {Threei}  in, half lot
[10:06] {nemo} got support just under .70
[10:06] {Threei}  same as last time around
[10:06] {Threei}  but should lose it this time
[10:07] {Threei}  have a look how weak RIMM is
[10:08] {Threei} Short Setup: RIMM  .90 break if stays under 44
[10:09] {Threei}  1:1
[10:09] {Threei}  die RIG
[10:10] {dino} scmr rinsed
[10:10] {Threei}  1:1 RIG
[10:10] {Threei}  that's the kind of mornong I like
[10:10] {Threei}  morning too
[10:10] {Threei}  4 out of 5
[10:14] {Threei}  APC Speculations circulating that BHP CEO may be eyeing company as a potential takeover target - The Australian citing senior figure in the global energy industry (49.48, +0.69, 1.41%)
[10:14] {Threei}  RIG, my little beauty
[10:14] {Threei}  1:2
[10:15] {Threei}  over and out
[10:15] {Threei}  +.38
[10:15] {jfjf64} ty
[10:17] {dino} gj
[10:18] {dino} giii sm s .36
[10:19] {jfjf64} apc
[10:21] {dino} giii bstop is .53
[10:24] {dino} scmr s .32
[10:28] {dino} stopped again scmr  done w/it
[10:30] {Threei}  *EIA NATURAL GAS INVENTORIES: +54 BCF VS. +50 TO +55 BCF ESTIMATE RANGE (related UNG USO )
[10:30] {ese} L or short dino scmr
[10:30] {Threei}  poor UNG
[10:30] {Threei}  natural gas traders get no relief
[10:31] {dino} was short twice, too random
[10:31] {dino} anf
[10:31] {strider} BP
[10:32] {ese} i'm short at .57 thats why i was inquiring....
[10:32] {ese} i didn't make that call because i'm not confident in my short calls...don't want to subject the board to them
[10:32] {dino} gl
[10:33] {ese} should have taken it when it hit the 20's
[10:33] {dino} anf l .55
[10:33] {Threei}  oh come on ese, I don't hesitate to subject the board to my humor... how much worse can you really get?
[10:34] {Threei}  look who wake up
[10:34] {ese} my short calls are humorous for sure
06[10:34] * Threei slaps i2r around a bit with a large alarm clock
[10:35] {ese} out scmr ..50 +.07
[10:36] {strider} bzh
[10:37] {Threei} Short Setup: LVS  .90 break
[10:37] {Threei}  if stays under 30 for scalpers, 30.05 for day traders
[10:39] {Threei}  invalidated
[10:39] {nemo} I went long
[10:39] {dino} out anf .75, +.20
[10:39] {Threei}  30?
[10:39] {nemo} yep
[10:39] {Threei}  you have 1:1 then
[10:39] {Threei}  nice fade
[10:40] {dino} so polite today
[10:40] {nemo} I saw the orders there, if it didn't break short would have been .95 when it broke...see ya
[10:40] {nemo} 1/2 out .12
[10:41] {Threei}  I am generally polite dino, I dunno where those myths are coming from
[10:41] {nemo} define polite
[10:41] {strider} what vad is.
[10:41] {nemo} depends on what "is" is
[10:41] {strider} right, bill.
[10:42] {nemo} Have an Ashton
[10:42] {Threei}  probably from various idiotic lunatics with screwed up childhood and steam-iron shaped faces ... OOPS!
[10:43] {dino} how about have anistan
[10:43] {nemo} ?
[10:43] {nemo} Ashton is a cigar
[10:43] {nemo} another break point at .15 for lvs
[10:45] {Threei} Long Setup:  RIMM  .10 break
[10:45] {Threei}  if stays above .95
[10:46] {Threei}  nice little C&H
[10:46] {dino} dgit hod
[10:48] {Threei}  (US) Fed's Bernanke: Fed is well into its work on designing a test for "Too Big to Fail"
[10:48] {Threei}  - Cost of capital is one indicator for "Too Big to Fail"
[10:49] {Threei}  let's trail stop to under 44
[10:50] {Threei}  RIMM is honestly trying but market is not confident
[10:52] {Threei}  EXPE Strength attributed to chatter circulating that anti-trust regulators are looking closely at Googles proposed acquisition of travel search software maker ITA (25.45, +0.96, 3.92%) (related OWW PCLN )
[10:53] {Threei}  RIMM needs decisive .20 break
[10:53] {Threei}  that should 'xplode it
[10:54] {Threei}  hmmm... timid...
[10:55] {Threei}  let's halve it here
[10:55] {jfjf64} keep  talkin  to  it
[10:55] {Threei}  lol
[10:55] {jfjf64} she lks it
[10:55] {Threei}  scary thing is, it's talking back to me...
[10:55] {Threei}  and that's exactly what my shrink warned me about
[10:56] {Threei}  right after consulting with my parole officer
[10:56] {Threei}  1:1
[10:56] {Threei}  5 for 6
[10:56] {Threei}  can I go home?
[10:57] {strider} yes.  we'll all meet you there.
[10:57] {Threei}  lol
[10:57] {ese} L atpg .15
[11:00] {Threei}  1:2 RIMM
[11:00] {Threei}  my a$$ is out
[11:01] {ese} out atpg .15 even.......
[11:03] {ese} fast track to nowhere
[11:07] {dino} chbt l .35 stop .29
[11:10] {dino} hmmm that was fast
[11:14] {dino} cost hl l .20
[11:14] {nemo} stop dino?
[11:15] {dino} .97
[11:15] {RonS} hearing apa rig explosion...
[11:16] {nemo} stock or actual platform?
[11:16] {nemo} actual platform
[11:16] {RonS} platform
[11:17] {dino} where
[11:17] {RonS} gulf
[11:19] {strider} scalped .30 short.  thx Ron
[11:20] {strider} still haven't found news
[11:20] {dino} in sm .25
[11:21] {RonS} lack of movement in oil could mean rig was a natty gas rig
[11:22] {RonS} btw when i say heard...it is unconfirmed by me, and coming from other blogs.  fwiw
[11:23] {dino} out flat
[11:24] {strider} It's on CNN now breaking news
[11:24] {strider} explosing south of grand isle
[11:25] {dino} mariner energy rig exploded, they are breing bought by apa
[11:25] {strider} but it says 'rig explosion'....might not be RIG
[11:25] {nemo} that should slow trading a bit\
[11:25] {Threei}  ME Ticking lower as Coast Guard reports of explosion on Mariners Vermillion 380 oil and gas rig off of Louisiana (22.87, -0.48, -2.06%) (related USO UNG OIH APA MMR )
[11:25] {Threei}  Follow up: Mariner spokesman confirms explosion on one of the companys oil and gas production platforms.
[11:26] {strider} so goes bp
[11:28] {Threei}  big bounce ME
[11:28] {Threei}  .40 break short
[11:28] {Threei}  half lot
[11:29] {Threei}  .60 stop
[11:29] {Threei}  nope
[11:31] {strider}   One person missing after rig explosion in Gulf, WDSU reports
[11:31] {strider} One person is missing after a rig explosion in the Gulf of Mexico, about 80 miles south of Vermilion Bay, the U.S. Coast Guard said, according to WDSU. Note that Bloomberg reported, and later confirmed with a company spokesperson, that the rig is owned by Mariner Energy (ME)
[11:32] {Threei}  another shirt point, risky as hell
[11:33] {strider} sitting on hands
[11:33] {i2r} well, great news, I'm on laser as of today! woohoo!
[11:33] {dino} i suppose obamination will put his boot to their throat
[11:33] {RonS} Report Of People In Water Due To Gulf Fire -Report       09/02 09:28 AM
[11:34] {RonS} ...another excuse to kill more jobs...
[11:35] {nemo} battle is at .20
[11:36] {RonS} Coast Guard Sending 7 Helicopters, Including 2 From Deepwater Horizon Response       09/02 09:35 AM
[11:37] {dino} strange reaction in me stock
[11:37] {Threei}  very
[11:37] {RonS} may be arb play...w/ the apa purchase of me...
[11:38] {dino} geeze, they're going to take it positive, blow up another
[11:38] {RonS} lol
[11:41] {nemo} bidu break of .92
[11:43] {nemo} nope
[11:45] {strider} somebody's buying the heck out of ME
[11:51] {dino} matk l .16
[11:51] {RonS} hearing that me explosion of a production platform and not a rig
[11:52] {nemo} lunchtime longs
[11:52] {RonS} hearing that if true the chances for a spill are slight...
[12:06] {Threei}  ME Spokesperson: All wells were shut in and there is no oil spilling - CNBC (22.61, -0.74, -3.17%) (related OIH )
[12:06] {ese} Lpwer .16
[12:07] {dino} matk to .29
[12:09] {dino} to .33
[12:14] {Threei}  - Emphasizes that this was a production platform not a drilling rig. 13 crew members were onboard for sandblasting and painting.
[12:14] {Threei}  - Not aware of any type of materical adverse clause or any other aveunue that could led to changes in the APA merger deal.
[12:19] {dino} to ,.45
[12:21] {dino} to .49
[12:21] {dino} to .56
[12:21] {Threei}  ARST Ticks up on renewed take over speculation
[12:22] {Threei}  nice one dino
[12:22] {dino} ty to .62
[12:24] {dino} out .61 slipped, +.45
[12:24] {nemo}  cost almost gave everything back
[12:25] {dino} pos
[12:26] {dino} gap filled cost from today
[12:27] {RonS} Barrons arst comment:  http://tinyurl.com/3ax254u
[12:38] {nemo} dgit back to open
[12:39] {dino} just looking at it
[12:39] {dino} that 10k bid gong to hol;d
[12:39] {nemo} look at those babies, net stop donw would be .92 or so
[12:40] {nemo} shit...spelling like i3
[12:40] {dino} have to play the gap fills more, look cost
[12:40] {nemo} yeah, I wussed, wanted to play .80
[12:40] {dino} dgit l .05
[12:41] {nemo} that big bid gone
[12:42] {dino} f'ing w/me
[12:44] {nemo} 50% retracement from yesterday 12 is .92
[12:47] {Threei}  (EU) Reportedly EU has reached a deal on oversight for financial companies - unconfirmed report (related IXG )
[12:50] {dino} dgit to b/e
[12:50] {nemo} cree coming into support
[12:51] {nemo} 200 at .55 open and vwap at .50
[12:51] {Threei}  .06 bid looks real on DGIT
[12:53] {nemo} cree broke down likely to .30
[12:54] {dino} cree gap around 53.66
[12:55] {Threei}  market craps out
[12:55] {nemo} yeah, all correlated
[12:56] {i2r} that crap out was quite good for me :), went short and it worked out
[12:56] {nemo} phhhhhhhhhht!
[12:56] {dino} anf
[12:56] {Threei}  trying new platform eh?
[12:56] {i2r} loving it!!!!
[12:56] {Threei}  told ya
[12:56] {i2r} so faaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaast!
[12:57] {dino} lol i2r, had a bunch of comebacks for that, but will behave
[12:57] {Threei}  naaah... TD was plenty fast, too {GGG}
[12:57] {i2r} go for it, dino
[12:57] {dino} ;)
[12:57] {nemo} tell me on dcc dino, I'll do it
[12:57] {i2r} :) I am still figuring it out, TD charting was easier for me, hard to see things on laser, but probably cause I didn't figure it all out still
[12:58] {Threei}  look at the screenshot, i2r,
[12:58] {Threei}  see if you adjusted things to it (if it looks right to you):
[12:58] {i2r} i want to have a window that doesn't take up the full screen for charting
[12:58] {i2r} but when i make it 1/4 of the screen, it's hard to see anything
[12:58] {Threei}  http://realitytrader.com/vad/Scr2.png
[12:58] {i2r} with TD I was able to make it larger even if it's a small screen
[12:58] {Threei}  http://realitytrader.com/vad/Scr3.png
[12:59] {Threei}  http://realitytrader.com/vad/Scr4.png
[12:59] {Threei}  you can zoom in and out
[12:59] {i2r} scr2 looks good, how do you zoom in
[12:59] {Threei}  first make sure you set parameters right
[12:59] {Threei}  right click on the chart
[12:59] {Threei}  go over things, play with them
[13:00] {i2r} i did that, not seeing how to zoom in
[13:00] {Threei}  then try to zoom by using buttons with arrows,
[13:00] {Threei}  to the right from green checkmark
[13:00] {Threei}  right unde menu
[13:00] {nemo} cree is either a short under .30 or a long over .36
[13:00] {nemo} imuo
[13:00] {i2r} lol
[13:00] {i2r} thx :)
[13:00] {Threei}  yup
[13:01] {i2r} that's what I mean, I need to still look around
[13:01] {i2r} that was easy!
[13:01] {i2r} what about top losers/winners?
[13:01] {Threei}  what about them?
[13:01] {i2r} how do I see the top performers
[13:02] {i2r} i mean I had this window in TD that shows me top % winners/losers and top $ winners/losers, and those with highest volume
[13:02] {i2r} is there something like that in laser?
[13:02] {Threei}  cclick Statisticks
[13:02] {Threei}  fainers and losers
[13:02] {Threei}  and
[13:03] {i2r} never mind, I'll stop asking :)
[13:03] {Threei}  High/Low alert
[13:03] {i2r} it's all in front of me
[13:03] {i2r} not sure how I didn't see that
[13:03] {i2r} there's just so much to this tool
[13:06] {i2r} the exciting part of all this right now is that I've done 16 trades and my total commission is the cost of one commission I had to pay in TD, it'd be already super negative with this type of trades, but I'm in plus instead. Nice :)
[13:07] {Threei}  lol
[13:07] {Threei}  took me just a year to convince you
[13:10] {i2r} it's crazy i know
[13:11] {Threei}  ME US Coast Guard: oil sheen spotted at location of Mariner platform incident
[13:16] {i2r} quick question about laser: although I exited all my positions, my buying power didn't come back up to the original amount, it's like half of the original buying power, exact difference from the used buying power
[13:16] {i2r} any reason for that?
[13:16] {Threei}  do you have any pending orders you haven't canceled?
[13:17] {Threei}  go to blotter, tab Pending
[13:17] {Threei}  look in there
[13:18] {i2r} lol, nevermind, i feel like i'm a newby all of a sudden :)
[13:18] {i2r} lik duh!
[13:18] {i2r} thx :)
[13:18] {Threei}  :)
[13:18] {Threei}  careful with that btw
[13:18] {i2r} gotta get used to it
[13:18] {Threei}  leave order in, get filled when you the least expect it
[13:19] {i2r} i know, totally got it. just need to get used to different windows. usually i know it's pending.
[13:34] {nemo} tna offer .82
[13:35] {dino} anf l .74
[13:35] {nemo} set at .84 still missed it
[13:45] {_kowboy} me moving
[13:47] {Threei}  I would say "me is weirdo"... but it would provoke too many jokes
[13:52] {Threei}  ME Apache intends to close Mariner deal despite today's platform fire incident (update(
[13:54] {nemo} .05 level rimm
[14:02] {nemo} in fcx .30
[14:03] {ese} .
[14:03] {nemo} 1/2 out .43
[14:05] {nemo} 1/4 more .53
[14:06] {Threei}  nice
[14:09] {dino} gj nemo
[14:09] {nemo} ty
[14:10] {dino} out anf .87, +.13
[14:11] {nemo} go figure...I want to use microsoft's screen capture software on Internet Explorer, and it causes both of them to lock up
[14:14] {dino} out dgit .17, +.12
[14:15] {dino} took awhile
[14:15] {nemo} out last .70
[14:16] {nemo} lied....69....like that number better
[14:16] {dino} nice
[14:17] {nemo} here's some schadenfreude, entered tna at .76, got shaken out on that dip below .65 F..ME!
[14:19] {i2r} lol
[14:19] {nemo} yeah, shoulda' got right back in the saddle.but nooooooooooooooo...not nemo...frickin' pantywaist
[14:20] {nemo} I should taser myself
[14:20] {i2r} CMI is growing fast
[14:28] {ese} taser yourself
[14:28] {ese} pantywaste
[14:29] {nemo} going somewhere with this ese?
[14:29] {ese} my mind is picturing it at the moment
[14:30] {nemo} o.k.  Now...picture Vad in a Tu tu
[14:30] {ese} and i'm really smiling
[14:30] {Threei}  hmmm
[14:30] {ese} and i'm smiling at that
[14:31] {Threei}  what sins I was sent to this room for?
[14:31] {nemo} o.k. now picture Vad coming up with a trade we hit for $2 around 2:40
[14:31] {ese} am really smiling at that
[14:32] {ese} have been admiring dino on a roll these days also
[14:34] {dino} just lucky
[14:39] {ese} forget that fella........skill is the word that comes to mind......the same as my 83 at Royal Colwood golf club yesterday
[14:39] {nemo} see...he had to slip that in about himself
[14:40] {nemo} probably got a mirror in front of him on the trading desk
[14:40] {nemo} sorry....
[14:40] {nemo} unnecessary
[14:40] {nemo} can't help myself
[14:40] {nemo} Les not being here is getting to me
[14:40] {ese} do i detect a ..........shall we say......bit of envy here
[14:40] {nemo} nahhh.
[14:41] {nemo} just my usual obnoxiously boorish self on 3/4 bottle of  Shiraz
[14:41] {dino} hmmmm
[14:41] {ese} "Can't Help Myself"   by The Four Tops...."sugar pie honeybunch........."
[14:43] {nemo} wow cree
[14:44] {nemo} support at .16
[14:45] {nemo} was lotta buying at .29
[14:46] {dino} wants the gap
[14:46] {nemo} between .16 and 54 probably
[14:46] {nemo} but good battle here
[14:52] {dino} tam
[14:52] {dino} straight up
[14:52] {Threei}  BIDU's coming into bounce level
[14:52] {nemo} in .16
[14:53] {nemo} ah damn look at .12
[14:53] {nemo} ay carumba
[14:54] {Threei}  TAM's on this:
[14:54] {Threei}  Petroleo Brasileiro SA Brazil Fin Min Mantega: Govt used $80/bbl oil price benchmark when setting price for Petrobras oil reserve swap
[14:54] {Threei}  - Believes Petrobras oil fields may hold much more than 5B bbls
[14:54] {Threei}  - Notes he believes Lan;s purchase of TAM is good for Brazil and complies with Brazilian law
[14:56] {dino} thx
[14:59] {dino} shg
[15:00] {dino} thin
[15:02] {dino} dsw
[15:02] {ese} gotta go....catch you all tomorow
[15:02] {dino} l .50
[15:02] {dino} cya es
[15:05] {dino} cree wants that 53.66 gaqp area imo
[15:06] {nemo} 1/2 out .29
[15:07] {nemo} out .44
[15:08] {nemo} ya scared me dino
[15:09] {dino} dsw? stop is .39
[15:09] {dino} but should've taken off off .50 break
[15:10] {dino} of
[15:17] {dino} out .63, +.13
[15:18] {nemo} omg...look at cost
[15:18] {dino} we blew it on cost nemo
[15:19] {nemo} yeah, it's like leaving the treestand early when you're hunting...what's worse, is I was right there at the bottom AND had a support line drawn in there
[15:19] {nemo} Where's that frickin taser
[15:19] {nemo} I'll just strip a lamp cord and grab each wire
[15:19] {dino} you're very good at the support line targets
[15:19] {nemo} IDIOT
[15:20] {dino} ugh dsw
[15:23] {nemo} hey dino, take a look at cost on the 5 minute, that support line was easy
[15:27] {dino} y
[15:27] {dino} dgit drop
[15:28] {nemo} bounced at 200 on the 5
[15:29] {nemo} and support at .95
[15:29] {nemo} just you got resistance at .05
[15:31] {dino} most likely done for day, pretty good one, hit target
[15:31] {Threei}  :)
[15:31] {nemo} yeah. heavy resistance around .07
[15:32] {dino} i see it, but for tomorrow, not today
[15:33] {nemo} we might get a pullback tomorrow...looking at sds it's been building a range base all day
[15:33] {dino} back in 10
[15:44] {nemo} think the bid 16 on dgit fake?
[15:47] {nemo} spy wants 58
[15:48] {nemo} .58
[15:52] {dino} dgit tricked us
[15:52] {nemo} kinda'  it' still in the thick of resistance...I wouldn't have wanted to take it
[15:53] {dino} at .00-.96 has been good area
[15:54] {Threei}  okay guys, let';s state for the record that it was way way better day than any August privided us with
[15:54] {Threei}  much more readable market in the morning, more action and more determination
[15:54] {Threei}  even though volume is low once again
[15:55] {Threei}  will also post two nice charts with setups,
[15:55] {Threei}  do reeview them
[15:55] {Threei}  have a good evening, see you all tomorrow
[15:56] {dino} cya vad
[16:00] {dino} gn all, thx

Sep 01 2010

Session Start: Wed Sep 01 00:07:28 2010

[07:58] {Threei}  7:03 AM
[07:58] {Threei}  Hearing chatter that a large fund making rotational move out of Gov't bonds into equities
[08:00] {Threei}  (GE) German Chancellor Merkel: Finland and Germany agree that budget consolidation is important for a strong euro
[08:00] {Threei}  - Changing EU treaties must remain an option for forcing budget consolidation.
[08:00] {Threei}  - EU rescue package ready if member states require it.
[08:00] {Threei}  - Wants swift and tough sanctions for breaching rules over debt.
[08:40] {jfjf64} mornin people
[08:43] {Threei}  jf :)
[08:48] {nemo} go back to bed dino
[08:48] {Threei}  lol
[08:49] {Threei}  nice greeting
[08:49] {nemo} or start drinking now
[08:49] {Threei}  but seeing this gap up, easy to see where it's coming from
[08:50] {dino} gm all
[08:50] {dino} lol nemo
[08:50] {Threei}  dino :)
[09:05] {RonS} gm all.
[09:05] {Threei}  Ron, welcome back
[09:05] {nemo} at least it's not Les
[09:05] {RonS} Thanks for the welcome...
[09:06] {Threei}  lol
[09:08] {dino} welcomebback too, ron
[09:09] {RonS} :)  ...wither Les?
[09:10] {nemo} therapy
[09:11] {RonS} funny...was hoping to see Fern, but glad the rest of you guys are still here.
[09:18] {strider} [09:09] {RonS} :)  ...wither Les?
[09:18] {strider} Need a good witch to do that.
[09:19] {strider} morning everyone.
[09:19] {Threei}  when Les is back he is going to slap you all silly - and I will just stand aside and applaud
[09:19] {Threei}  strider :)
[09:19] {RonS} hi strider
[09:19] {strider} :)
[09:20] {ese} morning
[09:20] {Threei}  ese :)
[09:25] {strider} How was volume yesterday?
[09:25] {Threei}  a bit better but still on a low side
[09:26] {ese} ahhhhh just noticed Ron is back........you sloth....get to work man....make some money
[09:26] {Threei}  one of the best lately though
[09:26] {Threei}  so far intention is:
[09:26] {RonS} ...no kidding...
[09:26] {Threei}  to watch RIMM for possible short
[09:26] {Threei}  to watch LVS for possible long
[09:27] {Threei}  to watch DGIT for I don't what yet
[09:27] {Threei}  and to watch the scanner for new names
[09:27] {ese} oh and by the way....welcome back
[09:28] {RonS} giii ripping the face off shorts.
[09:28] {Threei}  GIII
[09:28] {Threei}  Reports Q2 $0.15 v -$0.02e, R$189M v $162Me
[09:28] {Threei}  - Raises FY11 $2.60-2.70 v $2.69e, R$1.025B v $1.0Be (prior $2.20-2.30, Rev approx $950M on 7th Jun)
[09:28] {Threei}  - Q2 inventory: $223.5M v $172.4M y/y
[09:28] {Threei}  - This increase was stronger than expected and resulted primarily from increased wholesale sales of womens dresses, sportswear and suits, as well as from higher sales by the Companys Wilsons retail outlet store business.
[09:28] {Threei}  - This shift to profitability was driven by the increase in sales and improved margins in the Companys wholesale and retail businesses.
[09:29] {ese} i'll say
[09:29] {Threei}  was hatled earlier
[09:31] {Threei} Long Setup:  LVS  .75 break
[09:31] {Threei}  .65 stop
[09:32] {ese} in
[09:32] {Threei}  RIMM dropped with no real trigger
[09:32] {Threei}  idea was right, no chance for proper execution
[09:33] {ese} .77
[09:33] {Threei}  let's trail LVS to .68, hesitates too long at .80
[09:34] {Threei} Short Setup: RIMM  .60 break half lot
[09:34] {Threei}  over 1:1
[09:34] {Threei}  really fast
[09:34] {nemo} too
[09:35] {Threei}  out LVS
[09:38] {ese} out lvs .60 -.17 1/2 lot
[09:38] {Threei}  take me off ingore, ese...
[09:38] {Threei}  [09:33] {Threei} let's trail LVS to .68, hesitates too long at .80
[09:40] {ese} was only in to it for 1/2 ....was ok with letting it run a little
[09:40] {Threei} Short Setup: RIMM  .10 break
[09:40] {Threei}  if stays under .20 for scalpers, .25 for day traders
[09:42] {Threei}  DRYS Hearing strength being attributed to takeover chatter circulating (4.24, +0.21, 5.21%)
[09:44] {Threei}  NNBR?
[09:44] {Threei}  no news that I see
[09:49] {Threei}  DGIT...
[09:50] {Threei}  watching for pullback for long entry
[09:50] {Threei}  POT Sinochem has hired advisors for a Potash Corp bid - WSJ (148.18, +0.93, 0.63%)
[09:50] {dino} me too
[09:51] {dino} .15ish
[09:51] {dino} giii want short around 28.35
[09:52] {dino} bi-polar market, threw all away yesterday, now today scambling to buy, needs prozac
[09:52] {nemo} I've got dgit resistance .44
[09:54] {Threei}  repositioning before the labor day...
[09:54] {nemo} think dgit has an opposable thumb?
[09:54] {Threei}  manics take over the asylum on even days, depressives - on odd ones
[09:54] {Threei}  here comes DGIT pullback
[09:55] {Threei}  ideally, drop under .20, holding .10 and recropss
[09:55] {RonS} ISM in five...
[09:55] {nemo} watching intu, maybe break of .50 if it holds .45
[09:55] {Threei}  and July Construction Spending
[09:56] {Threei} Short Setup: RIMM  .40 break
[09:57] {Threei}  DGIT is there
[09:57] {nemo} I'm wussing before the numbers
[09:58] {Threei}  half lot and ridiculously tight stop above .45
[09:58] {Threei}  there
[09:59] {nemo} wuss worked
[09:59] {Threei}  yup
[10:00] {nemo} in intu .50
[10:00] {Threei}  *(US) AUG ISM MANUFACTURING: 56.3 V 52.7E; PRICES PAID: V 55.3E
[10:00] {jfjf64} wynn flyin
[10:00] {Threei}  *(US) JULY CONSTRUCTION SPENDING M/M: -1.0% V -0.5%E
[10:00] {Threei}  who went for DGIT, start partialing out
[10:00] {nemo} 1/2 out .68
[10:02] {nemo} 1/4 more .78
[10:02] {Threei}  very nice catch
[10:02] {nemo} :)
[10:02] {dino} out dgit +.18
[10:02] {dino} all is well w/world today
[10:03] {nemo} I double tapped it for a double lot too
[10:03] {jfjf64} nice
[10:03] {nemo} by accident
[10:03] {dino} lol gj
[10:03] {dino} "lucky" huh nemo
[10:03] {Threei}  your accidents are accident waiting to happen...
[10:03] {nemo} in my case extemely
[10:03] {nemo} I understand
[10:07] {Threei} Short Setup: LVS  .80 break
[10:07] {Threei}  if stays under .90
[10:07] {Threei}  or
[10:07] {Threei} Long Setup:  LVS  .90 break
[10:07] {Threei}  short side triggered
[10:10] {Threei}  stop to .85
[10:11] {nemo} spy could challenge 108.60 today but has already blown through r3
[10:11] {Threei}  stop to above b/e
[10:12] {Threei}  let's be stingy
[10:12] {Threei}  touched 1 cent from 1:1
[10:12] {nemo} big Macau gaming numbers overnight
[10:12] {nemo} up 40%
[10:12] {Threei}  1:1
[10:12] {Threei}  half out
[10:12] {Threei}  scalopers be happy
[10:12] {Threei}  scalpers too
[10:19] {Threei}  BRCD Hearing renewed takeover chatter circulating (5.13, +0.11, 2.19%)
[10:19] {Threei}  August US Vehicle Sales numbers expected throughout the day from major auto makers
[10:19] {Threei}  **consensus estimates y/y:
[10:19] {Threei}  - GM (10:45ET): -23%e (reminder: GM trimmed its brands to 4 in bankruptcy, so y/y is not entirely comparable)
[10:19] {Threei}  - Ford (12:00ET): -10%e
[10:19] {Threei}  - Chrysler: +7%e
[10:19] {Threei}  - Toyota: -28%e
[10:19] {Threei}  - Honda: -27%e
[10:19] {Threei}  - Nissan: -26%e
[10:19] {nemo} dgit support
[10:20] {Threei}  Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:20] {Threei}  **Consensus expectations:
[10:20] {Threei}  Crude: +1Me
[10:20] {Threei}  Gasoline: -250Ke
[10:20] {Threei}  Distillate: +1Me
[10:20] {Threei}  Utilization: 87.7%e
[10:24] {Threei}  HGSI Hearing takeover chatter circulating
[10:24] {Threei}  - Novartis rumored as a potential acquirer
[10:27] {RonS} arun breakout candidate?  19.00 break a good entry?
[10:28] {Threei}  worth a try
[10:28] {Threei}  daily's nice too
[10:30] {dino} not my type market, going to mow the lawn, back around 1:00
[10:30] {nemo} told ya'
[10:30] {Threei}  *DOE CRUDE: +3.4M V +1ME; GASOLINE: -210K V -250KE
[10:30] {dino} lol nemo, later
[10:39] {jfjf64} im  outta here too
[10:40] {Threei}  suuure.. leave you all, I'll be fighting all alone
[10:40] {nemo} you got me Vad
[10:40] {nemo} hehehehehe
[10:40] {jfjf64} hmmmm
[10:42] {jfjf64} fcx
[10:44] {ese} arun.......ouuuuuuuuu i like these because they resemble the charts in vads book perfectly
[10:44] {ese} L .03
[10:45] {Threei}  nice
[10:46] {ese} 2k worth of nice so far
[10:46] {ese} 52 week high...may go forever
[10:47] {ese} out 1/2 .21 +.17
[10:48] {jfjf64} run
[10:48] {RonS} out .23 +.21
[10:48] {ese} well done boys
[10:48] {nemo} fcx C&H?
[10:49] {ese} stop on balance to .10
[10:52] {ese} stop to .17
[10:52] {jfjf64} watchin  also  nemo
[10:54] {jfjf64} yeah haa
[10:54] {ese} stop to .25
[10:54] {jfjf64} get it  nemo
[10:57] {nemo} damn....had to step away
[10:57] {Threei}  nice rades guys
[10:57] {ese} stopped arun .24 on balance +.21
[10:57] {nemo} good though
[10:57] {Threei}  trades too
[10:57] {nemo} things should slowly move to spy .60 or so
[11:04] {jfjf64} good  thing  hung  around
[11:05] {jfjf64} lol
[11:05] {jfjf64} im  outa here
[11:06] {strider} .
[11:07] {nemo} dude
[11:07] {Threei}  lol
[11:07] {strider} getting strange signals from mirc
[11:07] {nemo} bidu  .66 offer
[11:08] {nemo} gone fake
[11:21] {i2r} what a day, everything on my stock watch is green today and not just by a few cents
[11:21] {i2r} are students trading instead of studying?
[11:22] {nemo} no PPT at work
[11:23] {i2r} PPT?
[11:24] {nemo} Plunge Protection Team
[11:26] {ese} lol
[11:27] {nemo} Yep...got near spy 1040 yesterday...BANG!
[11:31] {RonS} ma hearing the aapl dog and pony show starts in 30 minutes...
[11:31] {RonS} still can't type...
[11:40] {RonS} dino play setting up in dgit?
[11:41] {nemo} got capitualtion volume
[11:43] {nemo} lotta white sales on dgit
[11:52] {i2r} white sales? meaning?
[11:53] {Threei}  prints are colored on T&S
[11:53] {Threei}  green for prints at the offer price,
[11:53] {Threei}  red - at the bid,
[11:53] {Threei}  white for inbetweeners
[11:59] {Threei}  http://conquerthemarkets.com/
[11:59] {Threei}  I'll blab for about 45 min on dsay 1
[11:59] {nemo} and then drink for about 47 hours and 15 minutes
[12:00] {Threei}  no... not good time allotment for that, my 45 min ar at the end of the day 1
[12:01] {i2r} I thought it meant some special term, like PPT :)
[12:08] {ese} L arun .13
[12:10] {Threei}  hmmm
[12:10] {Threei}  right pattern, wrong time
[12:11] {ese} ya.....
[12:11] {ese} 1/2 only so far.......
[12:21] {i2r} any idea why on laser i see different bid and ask than on another platform, like TD?
[12:21] {Threei}  any comparison of accuracy between the two will make you seriously wonder about TD...
[12:21] {i2r} mind you i'm using the demo account, but since it's realtime, I figure it should be as real as it gets
[12:22] {Threei}  let's compare?
[12:22] {i2r} well, i'm doubting laser
[12:22] {Threei}  name stock and bid/offer
[12:22] {i2r} PCLN
[12:22] {Threei}  302.8
[12:22] {i2r} laser 302.67, while TD 302.8
[12:22] {i2r} unless I'm looking in the wrong spot :)
[12:22] {Threei}  303.06
[12:23] {i2r} i don't see 302.8 anywhere on laser though
[12:23] {Threei}  302.80 INET bid
[12:23] {i2r} where would I see it?
[12:23] {Threei}  you don't have some of the feeds activated then
[12:23] {i2r} oh
[12:23] {i2r} 302.85
[12:23] {Threei}  .85 now yes
[12:23] {i2r} i'm just a dufus
[12:23] {i2r} nevermind
[12:23] {Threei}  if you say so :)
[12:24] {Threei}  never argue with people who want to beat themselves up - they may beat you up too while at it
[12:24] {i2r} lol
[12:24] {i2r} just seemed odd, because what seems to be the bid amount was different from TD
[12:24] {i2r} I do realize that it changes very fast
[12:25] {i2r} but had to be sure
[12:25] {Threei}  just out of curiosity... where did you try to look for it? :)
[12:25] {i2r} i looked at the numbers  above l2 quotes
[12:25] {Threei}  ahhh
[12:26] {i2r} and it's right above it as I understand
[12:26] {i2r} and then it had other details, like last, prev close etc
[12:26] {Threei}  yes
[12:27] {i2r} it just doesn't say what it is so I had to be sure i'm looking in the right area and those numbers actually didn't match TD for awhile or would only match at times
[12:27] {i2r} so I was not sure
[12:27] {i2r} all good now
[12:27] {i2r} all i need is the trading account now and hope I won't have to go back to TD and issues get resolved with Bear
[12:37] {Threei}  i2r, look dcc
[13:04] {Threei}  oh boy
[13:04] {nemo} what?
[13:04] {Threei}  look at this and tell me, do these guys learn anything, ever?
[13:04] {Threei}  US) White House Econ Advisor Romer: Economy encountering a large shortfall in demand; US should take action to increase demand and lower unemployment levels
[13:04] {Threei}  - Calls for increased US spending in the short term with lower taxes
[13:26] {Threei}  (US) Fed's Plosser: Fed should not undertake additional easing in efforts to lower unemployment; more QE can be considereed if deflation risks increase (related TLT SHY IEF EUR/USD USD/JPY GBP/USD )
[13:39] {RonS} ovti popping off aapl show, intros...
[13:43] {Threei}  OVTI Ticking higher on mention of front-facing camera in new Apple iPod Touch product (21.72, +1.27, 6.21%)
[13:43] {Threei}  AAPL Launches iTunes 10, featuring new Ping social network component (250.53, +7.43, 3.06%)
[13:43] {Threei}  SYNA Hearing weakness attributed to Apple removing clickwheel from iPod product line (25.54, -0.83, -3.15%)
[13:44] {Threei}  TOAST weakens on news AAPL is not committing to the new line of toasters with social network capabilities
[13:44] {RonS} toast has been burned...ny post headline
[13:45] {i2r} toaster? was that one a joke?
[13:45] {RonS} is i2r Les?
[13:46] {Threei}  let me think of worthy answer
[13:49] {Threei}  here it is:
[13:49] {Threei}  COFF benefits from AAPL announcement about iCof, coffee-brewing atachment to iPhone that collects coffee-brewing advice from iRecipes and plays iTunes while owner works on iPad sitting in iLoo
[13:49] {RonS} lol
[13:49] {Threei}  did I cover all iCrap that goes on in the iWorld? :)
[13:51] {Threei}  look:
[13:51] {Threei}  With Ping, iTunes users adopt a social network identity and can follow other users or be followed, can be a public or private as desired. Lets users post their thoughts and opinions on songs, albums and musicians
[13:52] {RonS} why not call it apeing?
[13:52] {Threei}  yup... I am so eager to learn what someone in New Zealand thinks of the song by mongolian shaman
[13:53] {RonS} ovti inching into momo...
[13:53] {Threei}  AAPL Releases new Apple TV (250.90, +7.80, 3.21%) (related GOOG NFLX YHOO )
[13:53] {RonS} Ping will only allow 10 "friends", fwiw...
[13:54] {Threei}  uh oh
[13:54] {Threei}  how are we going to cope with so few friends?
[13:54] {Threei}  back to Mugmagazine for me
[13:54] {Threei}  or was it facebook...
[13:56] {RonS} my wife:  "I don't WANT people to know what I am doing."
[13:57] {Threei}  exactly
[13:57] {RonS} first came no shame, then no privacy...
[13:58] {Threei}  reminds me my dialog with young salesperson who couldn't believe I have very limited plan on my cellphonme
[13:58] {Threei}  "but how do you stay connected??"
[13:58] {Threei}  I say "I don't..."
[13:58] {Threei}  you should have seen his face, lol
[13:59] {Threei}  guy justcouldn't believe someone wouldn't want to "stay connected" all the time
[13:59] {RonS} and the young think: "they don't get it".
[13:59] {Threei}  I think they just go numb... they can't comprehend the concept
[14:00] {RonS} was it H.L. Mencken who said: "Mendacity is the trap of samll minds."?
[14:01] {RonS} small
[14:02] {Threei}  IMF Staff: Sovereign default risks have been significantly overestimated; Greece and Japan among countries with lease manueverability on fiscal situation
[14:02] {Threei}  - Notes that fiscal consolidation should be undertaken, yet not abruptly
[14:02] {Threei}  least I think, not lease
[14:04] {RonS} wow, look at the price action on nflx...aaple TV is small...people trying to figurte if it can sell
[14:05] {Threei}  well, NFLX gets a lot of warnings latelt
[14:08] {RonS} aapl tv $229...it will sell...
[14:08] {RonS} nflx heating up...
[14:09] {RonS} tv shipping in a month...
[14:09] {RonS} jesus the tv is only $99...
[14:11] {RonS} ...presentation of aapl is winding up...aapl inching down...
[14:16] {i2r} lol, i just read all the comments on AAPL, funny!
[14:16] {i2r} and no, i2r is not Les
[14:16] {i2r} Les is Les
[14:16] {RonS} and I thought Les is more...
[14:16] {nemo} bidu should bounce by .40
[14:16] {RonS} why?
[14:16] {i2r} just like undersold gets undersolder
[14:16] {nemo} vwap and support coincide there
[14:18] {nemo} looks like .44 was it
[14:18] {nemo} I'm not as dumb as I look I2r
[14:18] {nemo} then again....(anybody want to fill this in?)
[14:23] {nemo} so...dino blew us off
[14:24] {nemo} dcc Ron
[14:26] {i2r} I can't even see you nemo, who knows what you look like
[14:26] {nemo} I've got a face for radio
[14:26] {i2r} i see
[14:26] {Threei}  i2r, thank god for small favors
[14:26] {nemo} pot calling kettle black?
[14:27] {Threei}  andf, since you can't see me either - for bog ones also
[14:27] {Threei}  big
[14:28] {i2r} it's like that nakid trader book and audio, we never know how people even dress or what they do while trading lol
[14:28] {Threei}  bliss
[14:29] {nemo} well...I've got monitor cameras
[14:39] {RonS} Caterpillar (CAT:$67.9619,$2.8019,4.30%) to expand in Brazil, shares rise
[14:40] {Threei}  morning news
[14:40] {Threei}  nonsense explanation
[14:40] {Threei}  would have dropped merrily if market did, Brasil or no Brasil
[14:40] {RonS} i guess, didn't see it...
[14:41] {Threei}  09:01:15
[14:41] {Threei}  Caterpillar Inc Expands in Brazil, to acquire factory in Parana and build out facility in Piracicaba
[14:41] {Threei}  - Building on its 50-plus-year history in Brazil and capitalizing on the expected growth in Latin America, Caterpillar Inc. (NYSE: CAT) is announcing today the expansion of its manufacturing operations in Brazil. The company has acquired an existing industrial facility in Brazil, located in Campo Largo, Parana State
[14:43] {RonS} seems tobeg the question...
[14:43] {RonS} will a cat built in parana have a bigger bite?
[14:44] {Threei}  rofl
[14:44] {RonS} clf at an interesting spot on the dailies...
[14:44] {Threei}  Ron, where have you been... room lacked you
[14:44] {Threei}  I mean between humorless grim creatures like me and nemo...
[14:45] {RonS} ya well, i was suffering from a lack of audience...since my family fails to appreciate my type of humor...
[14:46] {RonS} :)
[14:47] {dino} did i miss much?
[14:47] {nemo} no
[14:47] {dino} funny, it was +220 when i left
[14:48] {nemo} strange sense of humor
[14:48] {dino} indeed
[14:52] {dino} hmmm. aug 23rd gaps filled on dji, ndx, s/p.
[15:12] {Threei}  gotta get smacked tomorrow I assume
[15:13] {dino} yeah, give most of it back
[15:13] {dino} thats the pattern
[15:19] {nemo} or we'll have a consolidation, that's what I'd bet on
[15:19] {RonS} too funny not to share:  http://www.xtranormal.com/watch/6985513/ot to share:
[15:20] {nemo} page not found
[15:21] {RonS} http://www.xtranormal.com/watch/6985513/
[15:22] {i2r} lol, that was funny, RonS
[15:23] {i2r} yeah, remove ot
[15:23] {RonS} crm...party like its 1999...right 3i?
[15:24] {nemo} wow, wish I'd been paying attention to that
[15:28] {RonS} hey dino, rnow followed crm until April...pulpy little stock, right up your alley. same biz...
[15:29] {dino} "pulpy" gotta luv it
[15:30] {RonS} your phrase that stuck w/ me...
[15:30] {dino} i'm seeing lots of gaps below from todays action
[15:30] {RonS} a whole lot...
[15:31] {dino} they usually fill, time is the issue, lately within two weeks
[15:31] {dino} gut call, tomorrow pop and drop
[15:32] {nemo} two way play cree?
[15:34] {RonS} that ism report also gapped a bunch of issues on the intrady...
[15:34] {RonS} seems to me...cree = indian play = chopfest...
[15:35] {dino} and if you think this week has been thin, just wait tomorrow and friday
[15:37] {Threei}  still dino, volume picked up a little
[15:37] {RonS} classic:  http://www.youtube.com/watch?v=SxzvcV3XkfU
[15:39] {dino} holiday weekend coming tho
[15:40] {Threei}  yeah... and then we finally start returning to normal patterns gradually
[15:40] {dino} hopefully
[15:40] {Threei}  "whatever your normal is"
[15:40] {dino} lool
[15:40] {dino} lol
[15:41] {dino} thx all, gotta hop, tee time in 40
[15:41] {Threei}  take care dino
[15:46] {Threei}  stronf close... unusual for this kind of days
[15:46] {Threei}  strong
[15:54] {Threei}  ok, guys, two more days
[15:54] {Threei}  be strong
[15:54] {Threei}  have a good evening, see you tomorrow