Dec 03 2010

Very quiet but profitable day. No interesting charts to show, but we had a few this week, so deserved a good weekend, and for many A Taoist Trader Online Course is a weekend reading. I've received quite a few great responses to it, so I expect new readers to enjoy it as well.

Session Time: Fri Dec 03 00:00:01 2010
[08:25] {davd} gm all, jobs in 5
[08:25] {davd} getting cold here in nyc
[08:30] {Threei}  mornng
[08:30] {nemo} wtf just happened
[08:30] {Threei}  well, just remember that poem
[08:30] {nemo} It's Cold?
[08:31] {Threei}  *(US) NOV UNEMPLOYMENT RATE: 9.8% V 9.6%E
[08:31] {nemo} ahhh
[08:31] {Threei}  *(US) NOV AVERAGE HOURLY EARNING M/M: 0.0% V 0.2%E; AVERAGE WEEKLY HOURS: 34.3 V 34.3E
[08:31] {Threei}  - Prior Average Hourly Earning MoM revised higher from 0.2% to 0.3%
[08:32] {Threei}  *(US) NOV CHANGE IN NONFARM PAYROLLS: 39K V 150KE; CHANGE IN PRIVATE PAYROLLS: 50K V 158KE
[08:32] {Threei}  - Change in Manufacturing. Payrolls: -13K v 5Ke
[08:32] {nemo} buy the f_____g dips!
[08:32] {Threei}  - Prior Change in Nonfarm Payrolls revised higher from 151K to 172K
[08:32] {Threei}  - Prior Change in Private Payrolls revised higher from 159K to 160K
[08:32] {Threei}  - Prior Change in Manufacturing. Payrolls revised lower from -7K to -11K
[08:33] {nemo} spy stopped right at pivot support
[08:34] {davd} ""huge dissappoint", "nothing good" - might keep the market down for 5 minutes.  imo market will close higher.
[08:35] {RonS} ISM is more important, imo
[08:35] {RonS} stunning reversal in Treasuries though
[08:36] {nemo} yeah, and all the manufacturing numbers have been huge...I think if that's in line...BOOM, even a bit negative
[08:36] {RonS} what is the split of private payrolls v gov job losses?
[08:38] {RonS} 10 yr yield went from 3.062 to 2.926 in an instant
[08:38] {nemo} bad news is good, good news is better
[08:38] {nemo} remember, there was an expectation that unemployment  rate would likely go up as unemployed look to get back into the work force
[08:41] {RonS} ...but factory jobs -13k, retail -28k
[08:42] {nemo} what's your point?
[08:42] {nemo} bad news is good, good news is better
[08:43] {RonS} eur moonshot v $, cliffdive v yen
[08:43] {nemo} that's what's been working
[08:43] {nemo} should expect euro up after it's been beaten up, and what has been the relationship to the $ for the market?
[08:44] {nemo} $ down market up, except for the last two weeks of the euro crisis
[08:44] {RonS} the point is that yes, the unemployment % can increase w/ labor force participation up, but job losses or not are absolute
[08:44] {RonS} other than the fact that they get constantly revised
[08:44] {nemo} yep
[08:45] {nemo} 121.76 and 121.24 are important on the spy, they get through those, we got issues
[08:54] {davd} haven't seen one positive interpretation of this report.  very unusual to be 100% negative
[08:54] {davd} thanks for numbers nemo
[08:54] {nemo} spy sitting on pivot support
[08:54] {nemo} sure davd
[08:55] {nemo} davd...if you want to get the market down to get in at better prices, what do you do?
[08:56] {nemo} notice on the report,  unemployment rate up, but so aren't the absolute number of employed
[08:58] {nemo} Now, Ron...one could argue we're due for some downward movement, imo watch those two levels on the spy, if we end up below them...as I said issues
[08:58] {nemo} If we end up between them, still bullish
[08:58] {nemo} above them, definitely bullish
[08:59] {ese} mornin
[08:59] {davd} i buy, that always brings the market down.
[08:59] {Threei}  ese :)
[09:00] {davd} Demark Bearish support for spy is 121.85,  if goes below bearish (same level as spy pivot support)
[09:02] {RonS} the employment situation is a lagging indicator...the ISM is the key to the day
[09:03] {ese} this theory is the only one that works......."the market goes up except when it doesn't and......it's goes down except when it doesn't"
[09:04] {Threei}  you can feel the taoist philosophy permeating ese
[09:04] {RonS} you're sounding like your girlfriend...
[09:04] {RonS} :D
[09:05] {stewy} morning all
[09:05] {Threei}  stewy :)
[09:06] {RonS} is it appropriate to ask...what's cooking?
[09:06] {stewy} takes me an hour to cook minute rice
[09:06] {RonS} lol
[09:07] {Threei}  CISG Exec: OLP Global report that questioned CISG's accounting was untrue and merely an attempt to smear the company - conf call
[09:07] {Threei}  - Says previously explained the accounting methodology behind its incentive plan for its sales agent
[09:08] {harth} good morning all!
[09:08] {Les} buy now and sell to another fool lower
[09:08] {Threei}  harth :)
[09:08] {Les} oops
[09:09] {RonS} OLP was short...this scam has been run before and will be again.  Problem is that you know someone in China has to be cooking the books...just like anywhere else.
[09:10] {ese} ahhhhhhhh.....theres nothing finer than your first coffee in the morning
[09:10] {RonS} uhhh, your first beer of the afternoon?...
[09:10] {nemo} Vodka at wakeup
[09:10] {ese} coffee man!!! coffee
[09:11] {Threei}  intravenous too
[09:11] {ese} indeed
[09:11] {dino} watch the gaps, dji 11006, ndx 2162 and 2117, s/p 1180. brb have to re-bbot
[09:14] {larisa} gm :)
[09:14] {ese} drys....
[09:14] {Threei}  larisa
[09:14] {ese} laris
[09:14] {larisa} vad, ese :)
[09:18] {davd} hi vad ese larisa les
[09:19] {larisa} davd :)
[09:19] {Threei}  davd :)
[09:19] {Les} huh someone asking for me?
[09:19] {ese} hey nemo.......I need an estimate......how long does it take to drive from Boston to Toronto...any idea
[09:19] {Threei}  wow, talk about distorted logic:
[09:19] {Threei}  Euro vs US Dollar USD maintain soft tone in the aftermath of payroll data
[09:19] {Threei}  - Dealers noted that the weaker US Non-Farm payroll data and higher unemployment rate vindicated the Fed';s launch of QE2 and provided catalyst for the greenback to end the week on a weaker note. Spot gold moved back above the $1,400/oz level
[09:19] {nemo} mapquest it dude
[09:19] {Les} morn davd
[09:20] {nemo} I've flown to Toronto, that's it
[09:20] {RonS} wow, there were huge algo buyers on the es futures on the report...4.2 mil contracts...1219 level
[09:21] {ese} tks.......my band tour is probably going to be to Toronto end of April......just thinking of day trip places to go out there
[09:21] {nemo} that's at least a day's ride
[09:21] {ese} will probably get back to Detroit and the Motown Museum for sure
[09:22] {nemo} 9 hours 43 minutes
[09:22] {Threei}  most normal people just go up the CN Tower and drive to Niagra falls, ese
[09:22] {ese} hmmmm.....that would be stretchin it...tks
[09:22] {nemo} Detroit?  oy vay
[09:23] {dino} gm all
[09:23] {ese} thats about 3 1/2...doable
[09:23] {ese} dino
[09:23] {Threei}  dino :)
[09:24] {ese} ya would like to see Martha Reeves......we did a documentary with her 4 years ago that still shows on Bravo TV up here
[09:27] {dino} es, you still in pwer? upgraded piper jaffrey to 14
[09:27] {ese} yup
[09:27] {ese} 4k worth
[09:29] {ese} 10.36 avg .....lookin to get 3 bucks out of it
[09:30] {Threei} Short Setup: LVS  .40 break
[09:31] {Threei}  .50 and .55 for scalpers and day traders
[09:31] {Threei}  invalidated
[09:31] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:33] {jfjf64} hpq
[09:33] {jfjf64} wow
[09:33] {nemo} spy to .59
[09:37] {dino} gil sm l .04
[09:39] {dino} jas sm l .25
[09:39] {Threei} Short Setup: RIMM  .35 break if stays under .50
[09:39] {Threei}  half lot
[09:40] {Threei}  wow, that was fast
[09:40] {jfjf64} think
[09:40] {jfjf64} lol
[09:40] {Les} lvs
[09:40] {Threei}  LVS woill be a short soon
[09:41] {Threei} Short Setup: LVS  .50 break
[09:41] {Threei}  half lot
[09:41] {Threei}  if stays under .65
[09:41] {dino} kr sm l .35
[09:42] {Threei}  let's trail to above .60
[09:43] {Threei}  kept under it on the last bounce
[09:44] {Threei}  let's trail to above .60higher chance of rinse but lower monetary risk
[09:44] {Threei}  out
[09:45] {nemo} see ron, bfd on that report
[09:46] {ese} spy erratic......hard to get in anywhere
[09:46] {nemo} spy forming trend line
[09:47] {Threei} Long Setup:  X  .90 break
[09:47] {Threei}  if stays above .80
[09:51] {nemo} like the cartoon said...buy the f'n dips
[09:55] {dino} out jass .95, +.70
[09:56] {nemo} overnight dino?
[09:56] {dino} no posted above
[09:56] {nemo} ahhh missed it
[09:56] {dino} indeed sir
[09:56] {nemo} you mean jaso?
[09:56] {ese} well done dino
[09:57] {dino} ty
[09:57] {nemo} I don't get anything with "jass"
[09:57] {dino} any # at 10:00?
[09:57] {nemo} sir?  oy vay
[09:58] {RonS} ism
[09:58] {dino} lol
[09:58] {dino} ty ron
[09:58] {dino} watching snps
[09:58] {dino} jas for pullback
[09:59] {Threei} Long Setup:  RIMM  .85 break
[10:00] {nemo} report
[10:00] {Threei}  if stays above .75
[10:00] {Threei}  *(US) NOV ISM NON-MANUFACTURING: 55 V 54.8E
[10:01] {dino} snps sm l .06
[10:01] {Threei}  (US) OCT FACTORY ORDERS: -0.9% V -1.2%E
[10:01] {nemo} well, that should blow the doors off
[10:01] {ese} L lvs .81......
[10:01] {Threei}  which way, lol
[10:01] {nemo} north
[10:01] {nemo} there we go, spy almost to target
[10:02] {Threei}  1:1
[10:02] {Threei}  half out
[10:02] {nemo} yep
[10:02] {ese} L lvs avg .88
[10:02] {jfjf64} very nice nemo
[10:02] {ese} crappy fill
[10:02] {nemo} ty
[10:03] {jfjf64} drys
[10:03] {Threei}  1/4 more out .06
[10:03] {ese} out lvs .98 +.10
[10:03] {Threei}  mised 1:3 for final exit
[10:03] {Threei}  stop to .94
[10:03] {Threei}  canceling sell
[10:03] {Threei}  want more
[10:03] {nemo} should te4st highs
[10:03] {Threei}  greed is good, says gekko
[10:04] {nemo} or, at least .30
[10:04] {Threei}  want something closer to .30
[10:04] {Threei}  right
[10:04] {nemo} not as dumb as I look
[10:04] {jfjf64} agreed
[10:04] {nemo} Sometimes I feel like Agarn
[10:04] {jfjf64} nemo
[10:05] {Threei}  I suspect that look of yours is nothing but a masqyearde
[10:05] {Threei}  only spelled right
[10:05] {dino} all green scanners
[10:08] {Threei}  out last piece RIMM on trailing stop
[10:09] {nemo} maybe I am as dumb as I look
[10:09] {davd} good call again on .59 nemo
[10:09] {Threei}  as muxh as I want to nod in agreement, that would requitre me to admit that I was rthe same on this trade
[10:09] {jfjf64} gntx
[10:09] {jfjf64} wow
[10:10] {Threei}  no news btw
[10:10] {Threei}  lol
[10:11] {nemo} .31 spy vwap, support at .25
[10:12] {dino} all red
[10:16] {dino} gntx spike
[10:16] {Threei}  GNTX Hearing strength being attributed to a statement from US transport secretary proposing "back up cameras" on new vehicles
[10:16] {dino} lhcg sm l .01
[10:17] {Threei}  I am amazed they are still not a necessary safety element
[10:17] {Threei}  cheap, easy to install, save lives, not even speaking of making life so much easir
[10:18] {nemo} how many people get killed because of lack of back up cameras?
[10:18] {dino} 2
[10:18] {Threei}  every year I read a few cases in Canada
[10:18] {Threei}  mostly kids on driveway
[10:18] {nemo} if it saves just one life it's worth it
[10:18] {nemo} gag
[10:18] {nemo} hate kids
[10:18] {RonS} lol
[10:18] {Threei}  parent jumps in the car
[10:19] {nemo} maybe they do it on purpose
[10:19] {Threei}  maybe I am spoiled by Nissan keeping backup camera a standard in Murano for years
[10:19] {Les} 1 kid a week in OZ
[10:19] {RonS} quote from my dad:  "culling of the herd"
[10:19] {nemo} yeah, parent after they get over the dream of raising a beautiful child realizes their expensive assholes
[10:20] {dino} rumor, those cameras only in florida (seinfeld)
[10:20] {RonS} and Phoenix
[10:20] {nemo} good one
[10:22] {RonS} one day visited stores for client Phoenix metro area...at least 12 older people w/ blinker on
[10:22] {dino} lol
[10:24] {nemo} o.k. coming up on 10:30
[10:24] {jfjf64} yeah...
[10:25] {dino} meaning?
[10:25] {nemo} often times momentum changes after the first hour
[10:25] {jfjf64} oh  boy
[10:26] {jfjf64} lol
[10:26] {nemo} which way is the question
[10:26] {jfjf64} we are  waiting
[10:26] {dino} things that make me go hmmmm
[10:26] {jfjf64} earlier  you  wer on  money
[10:26] {nemo} yeah, but that only happens twice a day nemo=broken clock
[10:26] {jfjf64} blondes  4 jf
[10:27] {dino} females for dino
[10:27] {jfjf64} amzn
[10:27] {jfjf64} bounce
[10:27] {jfjf64} .23
[10:27] {dino} ice wants that gap
[10:30] {jfjf64} look aig  chart
[10:30] {jfjf64} looks  short  here
[10:30] {jfjf64} no
[10:31] {nemo} spy breaking range?
[10:31] {jfjf64} ??
[10:31] {jfjf64} you  the  spy guy
[10:31] {nemo} ocean lifts boats
[10:32] {nemo} edumicational question vad:  Why did you call RIMM right before the ISM number
[10:32] {Les} gs
[10:32] {nemo} ?
[10:33] {Threei}  I forgot about them
[10:33] {Threei}  easy, eh?
[10:33] {nemo} hehehehehehe
[10:33] {Threei}  lol
[10:33] {nemo} oh jeez
[10:33] {nemo} ready, fire, aim
[10:38] {nemo} somebody putting a floorr at .77 in cisg again
[10:38] {nemo} now .86
[10:38] {ese} L lvs.70
[10:39] {nemo} Hey JF, look what time spy bottomed and the proceeded to break first range...gotta' buy a lottery ticket today
[10:41] {jfjf64} well done  nemo
[10:42] {ese} buy a bunch iw ould say
[10:42] {dino} ltd sm l .80
[10:43] {ese} the market goes up...except when nemo says it doesn't.....the market goes down...except when nemo says it doesn't
[10:44] {nemo} I wish I could my girlfriend to obey like that
[10:44] {nemo} I just get the "You want what!?" "HAHAHAHHQAHAHAH!!!"
[10:45] {ese} lvs....i bought the f'n dip........what going on......i thought this was suppose to work according to the comic yesterday
[10:45] {dino} lol
[10:45] {Les} :)
[10:46] {ese} oh oh.....here we go.....thank you
[10:46] {nemo} market's going to lull us to sleep and then, bam!!!
[10:46] {nemo} Vad's already asleep
[10:46] {RonS} ugg...deck
[10:46] {Threei}  already?
[10:46] {Threei}  you say it as if I ever wake up
[10:46] {nemo} never woke up?
[10:47] {davd} we need an emoticon for sleeping
[10:47] {nemo} MOS!!!
[10:47] {nemo} 68 break
[10:48] {ese} vad it doesn't work......my chin sinks down to my chest when i doze off....then i get a sore stretched neck.....how do you do it
[10:49] {Threei}  easy
[10:49] {Threei}  hint: recliner
[10:49] {ese} ahhhhhhhh
[10:49] {nemo} 1/2 out mos .10
[10:50] {davd} in mos .05
[10:50] {nemo} stop to .98
[10:50] {RonS} ...and that's a hard thing to do...
[10:51] {nemo} got a feeling it's a scalp
[10:51] {nemo} Oooga Chaka  oooga chaka
[10:51] {RonS} kick a kingsalmon
[10:52] {ese} daaaaaaaaa.stopped lvs .55 -.15
[10:52] {nemo} now, if I take the other half here, it'll rocket, if I don't it'll stop me out
[10:53] {nemo} mos is acting like my girlfriend
[10:53] {Threei}  US Deficit Commission fails to reach 14 of 18 vote threshold required to fully endose its plan
[10:53] {Threei}  - It did get majority support from both parties on the Commission.
[10:54] {nemo} why am I not surprised...I don't think the political process can handle this problem
[10:54] {Threei}  what can then?
[10:54] {Threei}  full blown revolt?
[10:54] {nemo} collapse and revolt
[10:55] {RonS} bond vigilantes...George Soros...Putin...nemo...
[10:55] {Les} well fix the system before collapse and revolt. that they can't do
[10:57] {nemo} I'm more of a "Loki" type
[10:59] {nemo} 1/4 more .21
[11:00] {nemo} mmmhhhh.215
[11:00] {Threei}  beaituful play
[11:01] {Threei}  only spelled better
[11:01] {nemo} spy now broke second trend line
[11:01] {nemo} stop now .08
[11:07] {nemo} how do you like that, touched my stop, I didn't get it
[11:09] {davd} my mos stop is .08
[11:10] {nemo} getting our chain yanked
[11:10] {davd} crap got stopped at .08 on mos
[11:10] {nemo} out
[11:10] {nemo} frig
[11:10] {nemo} it'll probably hold 68
[11:11] {dino} swm?
[11:12] {nemo} too thin for me
[11:12] {Threei}  with this spread, I don't feel even simply looking at quotes is safe, lol
[11:14] {dino} fortune favors the bold
[11:15] {dino} any news tho? i can't find anything
[11:15] {Threei}  nope
[11:15] {Threei}  not since beginning of Nov
[11:15] {dino} same
[11:16] {Threei}  and, fortune favors only those of the bold who are lucky enough to escape darwin selection {G}
[11:16] {RonS} lemme guess...some boutique, no-name firm has come w/ a report suggesting accounting issues
[11:17] {dino} 3i, the proper reply is ; and darkness lies an inch ahead
[11:17] {Threei}  that too :)
[11:20] {stewy} jf, u still watchin drys?
[11:22] {Threei}  jf ever did?
[11:22] {Threei}  I remember DRYS being ese's darling
[11:22] {jfjf64} today
[11:22] {jfjf64} 3i
[11:22] {Threei}  oh
[11:22] {jfjf64} oh
[11:22] {jfjf64} lol
[11:23] {Threei}  sorry, I have you on ignore today...
[11:23] {jfjf64} stew  dont  mind  hm
[11:23] {Threei}  nothing personal, it's a rolling ignore: each day new room member
[11:24] {Threei}  makes things interesting
[11:24] {jfjf64} no im  done  drys stew
[11:24] {jfjf64} you watchi
[11:24] {RonS} drys no longer pure play
[11:24] {jfjf64} my break was .75
[11:25] {RonS} bought driller several yrs ago...so more like rig/drys
[11:25] {stewy} just trying to get a feel for intraday read
[11:25] {dino} swm
[11:26] {RonS} swmming downstream
[11:26] {jfjf64} capitulation  dino
[11:26] {jfjf64} low shares
[11:26] {jfjf64} big spead
[11:27] {dino} gap 54
[11:28] {nemo} frickin' mos
[11:29] {jfjf64} teg
[11:29] {jfjf64} .85
[11:31] {jfjf64} invalid
[11:31] {dino} wow
[11:32] {RonS} ?
[11:32] {Threei}  SWM Hearing weakness attributed to European officials evaluating the delay in implementation of lower ignition propensity (LIP) cigarette papers to 2012
[11:33] {Threei}  fianlly
[11:33] {dino} sm l 56
[11:33] {RonS} wtf
[11:33] {dino} wide
[11:33] {jfjf64} teg
[11:34] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[11:35] {RonS} tgt swm dino?
[11:35] {dino} 58
[11:35] {RonS} thinkin 58.20...dicey deal
[11:36] {dino} most likely 60s
[11:36] {RonS} swm sm l 55.70
[11:39] {dino} nice ron
[11:39] {dino} theres 58 wants more
[11:40] {RonS} out swm 58.20 +2.50
[11:41] {RonS} thanks dino
[11:41] {dino} wtg
[11:41] {jfjf64} bidu .65 break
[11:42] {jfjf64} little  mkt  help  pls
[11:42] {dino} out 59.20, +3.20
[11:42] {RonS} wtg...todya's cisg
[11:42] {Threei}  fantasic job guys
[11:42] {jfjf64} wowwwwwwwwwwwwwwwwwwwwwww
[11:42] {jfjf64} nice
[11:42] {dino} luv those capitulations
[11:43] {jfjf64} ya buyin beers  today
[11:43] {dino} lol
[11:43] {RonS} helped that there were 1.6 mil sh short...those guys couldn't look a gift horse in the mouth
[11:43] {jfjf64} no bidu
[11:44] {dino} that helps on a friday
[11:44] {dino} ron, you seem to like those capits/euphorias too
[11:44] {RonS} used to play them all the time...and get smoked
[11:45] {jfjf64} ditto
[11:45] {RonS} doing your smaller shares is the ticket
[11:45] {jfjf64} very hard imo
[11:45] {dino} it's my edge
[11:46] {RonS} to be fair, i got smoked trying to do breakout shorts.
[11:46] {RonS} no more
[11:47] {dino} i keep them small, but one or two a week w/dollar+ really helps
[11:47] {dino} lhcg stopped -.30
[11:49] {dino} wtf lhcg, stopped me and spike .40
[11:53] {stewy} everyone have a great wknd. c u all next wk sometime
[11:53] {RonS} cya stewy
[11:53] {Threei}  take care stewy
[11:56] {dino} cya stew
[11:56] {dino} swm 60s
[11:58] {RonS} Jesse Livermore paraphrase: never look back...
[11:58] {dino} ice gap fill
[11:59] {RonS} ...ain't gonna catch to bottom, ain't gonna catch the top
[11:59] {RonS} or how 'bout Bernard Baruch:
[12:00] {RonS} "I always made money by buying too soon, and selling too early."
[12:00] {jfjf64} s deck .69
[12:00] {dino} jesse's best, imo, "when you get lucky, take it"
[12:00] {nemo} that's ballsy jf
[12:00] {RonS} thought that was nemo...w/women...
[12:01] {dino} roflol
[12:02] {jfjf64} rat
[12:03] {jfjf64} wow
[12:03] {nemo} yeah
[12:03] {nemo} shorting an incredibly strong stock...you get the Les award
[12:04] {jfjf64} ty
[12:04] {RonS} btw jf...deck scorched me the worst tring to short the damn thing...total Goldman manipulated stock
[12:04] {nemo} bastids
[12:05] {dino} bth
[12:06] {nemo} another beautiful spread
[12:06] {RonS} check www.mffais.com to see what institutions hold deck
[12:06] {jfjf64} thanks for  letting  me  know
[12:06] {jfjf64} afterwards
[12:06] {RonS} ...and anyone else
[12:07] {jfjf64} lol
[12:07] {jfjf64} ty rs
[12:07] {RonS} hey, if I expressed all my negative opinions dino would not make any money...
[12:07] {RonS} :D
[12:08] {RonS} constantly thinking: "is that guy nuts?"
[12:08] {dino} i'd be afraid to pull the trigger
[12:08] {RonS} then: sonofabitch it worked for him again."
[12:08] {dino} we blew it on ice gabbing away
[12:08] {ese} LOOONGAAAA.....zion .81
[12:09] {RonS} oofa jf deck
[12:10] {jfjf64} yeah
[12:10] {jfjf64} look  my  bidu
[12:10] {jfjf64} liked .65 break
[12:21] {ese} gotta go.....choir show this morning at the Bay Center Vad..........I'm guessing i'm not going to be seeing you there?
[12:22] {jfjf64} enjoy ese
[12:23] {ese} tks jf........next week all....have a great weekend
[12:23] {dino} cya es
[12:30] {dino} cdti drop
[12:30] {dino} thin\
[12:39] {jfjf64} good weekend all
[12:39] {jfjf64} 3i
[12:39] {jfjf64} ty
[12:39] {RonS} cya jf
[12:39] {jfjf64} rs
[12:40] {Threei}  take care jf
[12:45] {dino} gil stopped
[12:45] {dino} cya jf
[12:50] {nemo} anybody like apc short below .80?
[12:52] {dino} not sure
[12:53] {nemo} lokking long at the moment
[12:53] {dino} swm drops
[12:53] {nemo} pivot 69.04
[12:55] {RonS} looks like worth a shot to me...oil is knocking on $89/bl, if it fails to break that should be decent short
[12:56] {RonS} cl futes 88.93
[12:57] {RonS} trend has and is up...
[12:57] {nemo} imo...as long as Bernanke prints and it looks like the world economy getting better, oil up
[12:57] {nemo} $100 barrel in january...$ gas by summer
[12:57] {nemo} $4
[12:57] {RonS} yippeee
[12:58] {Threei}  aren't we all glad he is looking out for us
[12:58] {RonS} glad i bought a cash for clunkers chevy aveo last year...lol
[12:59] {RonS} daewo built gerbil runnin machine...$6500 after all offs
[13:00] {nemo} have to use your feet to get it up a hill?
[13:00] {RonS} naw, just step on those gerbils heads and listen to them scream
[13:02] {RonS} then downshift w/ the afterburner hamsters
[13:03] {RonS} actually convinced wife to drive it...i have an audi a8
[13:03] {RonS} :D
[13:04] {RonS} my best sales job ever...
[13:04] {RonS} cl busted 80 and climbing...now 89.15
[13:05] {RonS} 89
[13:06] {RonS} big oil seller here though...move could be done
[13:06] {nemo} no...convincing her to marry you
[13:06] {davd} wher in the world is o'
[13:07] {davd} he should wear a striped red and white shirt
[13:07] {nemo} who?
[13:08] {RonS} obama
[13:08] {davd} obama in afghansitan
[13:12] {nemo} http://www.youtube.com/watch?v=wpmlHTeVG9A
[13:20] {nemo} massive volume apc
[13:20] {RonS} cl 88.88
[13:21] {RonS} .86
[13:28] {RonS} .73
[13:35] {harth} Another good one Nemo!
[13:36] {Threei}  doing well today guys
[13:36] {Threei}  good to see
[13:41] {dino} .
[14:00] {dino} .
[14:00] {dino} gil sm l.70
[14:07] {dino} am i here?
[14:08] {RonS} just barely
[14:08] {dino} thx
[14:09] {dino} snps all dayer to .29
[14:09] {dino} ltd to .69
[14:15] {dino} motr
[14:18] {RonS} wlt...strong move w/ bullish engulfing candle dev on daily
[14:20] {dino} whx drop
[14:25] {dino} whx sm l .25 stop .99
[14:26] {dino} snps to .35
[14:35] {dino} cisg
[14:38] {RonS} motr sm l 24.05
[14:43] {RonS} motr out .80 -.25
[14:52] {dino} gil to .69'
[14:53] {dino} out snps .38, +.34
[14:53] {dino} opps, +.32
[14:54] {RonS} motr rinse
[14:56] {dino} getting alot of that last few weeks
[14:57] {Threei}  yeah, a bit higher percenatge of shakouts
[14:58] {dino} reminds me of eddie money "shakin'", (showing my age)
[15:01] {RonS} I remeber when Bill Graham developed and promoted that dude
[15:01] {dino} my teen years
[15:02] {RonS} early strip club tune...
[15:02] {dino} yes, lool
[15:03] {dino} ok, no more new trades, just managing whats left
[15:03] {dino} 3:00 and on has been hurting me
[15:04] {nemo} perfect action for a bull market that's up over 300 points in two days
[15:05] {dino} whx to b/e
[15:12] {dino} swm to 57 again
[15:13] {dino} watching that monday w/bth
[15:16] {dino} wow 56
[15:20] {dino} out gil +.03
[15:21] {Threei}  wow
[15:21] {Threei}  :)
[15:21] {nemo} think swm goes to 55.85, if it drops below that, probably retest of the bottom
[15:22] {dino} bloody
[15:24] {nemo} actually, there is a gap back around the beginning of September, if it closes above it may retest that which is between 54.85 and 54.15
[15:25] {nemo} almost touching 23.6 retracement
[15:26] {dino} saw that, watch for monday
[15:30] {nemo} watch 53.56 too
[15:31] {nemo} spy looks like ready to bust out on monday
[15:32] {nemo} no resistance between here and 124.70 or so
[15:37] {dino} back in ten
[15:38] {nemo} spy to 123.14?
[15:39] {Threei}  SPY daily is nothing short of amazing
[15:40] {Threei}  whatever happens, however we open - we finish green
[15:40] {nemo} Bernanke
[15:40] {Threei}  'It's a bull market, you know" (Old Turkey)
[15:40] {RonS} classic
[15:45] {Les} Guys I am finished here in Vad's room for a time
[15:45] {Les} definitely intending to come back
[15:45] {RonS} will miss ya Les
[15:45] {Les} but gotta find my own play first
[15:45] {Threei}  good luck Les, we 'll be here when you are ready to come back
[15:46] {RonS} Happy Holidays
[15:46] {Les} should be back at some point in 2012. hopefully with strategy in place
[15:46] {RonS} 2012?
[15:46] {Les} 2011 too
[15:46] {dino} whx stopped +.02
[15:46] {patience} good luck Les
[15:47] {Les} ease up on the bacon vad and you'll be here for another 20 years
[15:47] {dino} good luck les
[15:47] {Threei}  that's not my intention
[15:47] {Les} ty patience. sold SLW for +1.50 yesterday
[15:47] {Les} 2nd time in 2 weeks
[15:47] {patience} nice
[15:47] {Threei}  between baco and 10 years on one side, and no bacon for 20 years on another - guess what my choice is going to be
[15:47] {Les} its at resistance now. taking a wait and see approach
[15:48] {Les} fat free bacon and 15 years?
[15:48] {patience} slw is a favourite of mine, just need the conditions to trade it using my style  :)
[15:48] {Threei}  nice try but no
[15:49] {Threei}  bacon should be loaded with fat, coffee- black and hot, vodka - chilled, girl... OK, my wisdom is exhausted on this
[15:49] {dino} ltd to flat
[15:50] {RonS} Have a good weekend everyone ;)
[15:51] {dino} u2 ron
[15:51] {Les} adios Ron
[15:54] {nemo} so...the strategy is, buy the F'n dips!!!
[15:54] {Les} but I am scared and lost all my money going short
[15:54] {nemo} well, that makes perfect sense in your case Les
[15:54] {nemo} all's right with the world
[15:55] {nemo} I'm gonna' miss you
[15:55] {dino} i'll miss ya too les. find your edge, don't think
[15:55] {Threei}  take care Ron
[15:55] {jfjf64} cioa les
[15:56] {Les} I'll be back when I have it. I know I wanna work with the clowns here.
[15:56] {Les} too much fun
[15:56] {dino} :D
[15:56] {Les} but time to get serious
[15:56] {jfjf64} hmm
[15:56] {dino} out ltd +.05
[15:56] {jfjf64} we serious
[15:56] {jfjf64} no
[15:57] {nemo} I think his kids are having a hard time raising Les
[15:57] {dino} yes, extremely
[15:57] {jfjf64} lots of edges here
[15:57] {jfjf64} find yours
[15:57] {jfjf64} hurry bk
[15:59] {larisa} bye les, good luck!
[16:00] {harth} best wishes Les!
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a great weekend, see you on Monday
[16:01] {harth} You too, cya Mon
[16:01] {larisa} bye all
[16:01] {jfjf64} cya  larisa

Nicely profitable day with various trades and directions. See Catch of the Day below.


The trade is a classic double top formation. Let's go over elements (annotated on the chart) giving us the trade structure. First top is made on a high volume and the candle has upward tail showing rejection. Second top comes with much lower volume further shaping up the idea of the trade. Now we need clear trigger for entry - and that is indicated by the next candle establishing nice tight range between .70 and .80. Now .70 break becomes our short trigger with stop placed either above the upper envelope of this range or above the first top - in this particular trade the difference is mere 2 cents so it doesn't mater much which to use. Breakdown leads us into clean quick 1:2 risk/reward with no slightest attempt to jeopardize the stop.

Session Time: Thu Dec 02 00:00:01 2010
[08:23] {stewy} good monring all
[08:23] {Threei}  stewy :)
[08:24] {stewy} uh oh. third day here and i'm learning to misspell
[08:24] {Threei}  I know... tell me about it
[08:24] {Threei}  it's all Alert's fault
[08:24] {Threei}  he literally butchered my spwelling
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 436K V 424KE; CONTINUING CLAIMS: 4.27MM V 4.20ME
[08:30] {Threei}  - Prior Initial Jobless Claims revised higher from 407K to 410K
[08:30] {Threei}  - Prior Continuing Claims revised higher from 4.182M to 4.22M
[08:31] {Threei}  heh
[08:31] {Threei}  I am yet to see any kobless number not revised higher
[08:33] {Les} kobless is more
[08:33] {Threei}  lol
[08:33] {Threei}  I probably need to put those stickers on keys
[08:33] {Threei}  I just assume that blind typing can't be much worse anyway
[08:38] {Threei}  AA takeover chatter
[08:49] {Threei}  Goldman Sachs turn positive on US financial services sector due to macro upgrades
[08:49] {Threei}  EUR/USD Euro gives back bulk of its session gains from Asia/Early Europe; Last at 1.3128
[08:51] {RonS} gm...you can't make this stuff up:  http://tinyurl.com/2u4xcq9
[08:52] {Threei}  lol
[08:56] {jfjf64} mornin
[08:56] {Threei}  jf :)
[08:56] {jfjf64} had problem login into  tao trader last night
[08:57] {Threei}  ?
[08:57] {jfjf64} put name /password brought me to nada
[08:57] {jfjf64} lol
[08:58] {jfjf64} will try again this mornin
[08:58] {Threei}  let me check
[08:58] {jfjf64} see what up
[08:58] {jfjf64} ty
[08:59] {Threei}  works like charm
[09:00] {Threei}  you must have pasted wrong
[09:01] {RonS} eur dropping like a rock...
[09:02] {Threei}  as it qell should
[09:02] {Threei}  well
[09:02] {Threei}  quite a reversal
[09:02] {Threei}  SPY from +.40+ to -.30
[09:05] {ese} morning
[09:06] {Threei}  ese :)
[09:06] {davd} morning.
[09:06] {Threei}  davd :)
[09:06] {harth} Good Morning All!
[09:06] {dino} gm all
[09:06] {Threei}  harth :)
[09:06] {Threei}  dino :)
[09:07] {ese} vad davd dino harth.......
[09:07] {dino} :D
[09:07] {ese} whats mags up to these days dino........job with santa ro something
[09:07] {dino} itri, aro, kr
[09:07] {jfjf64} GANGS  ALL PRESENT
[09:08] {Threei}  (IR) Finland parliament approves Irish aid package
[09:08] {Threei}  - Voting results 105 to 63
[09:08] {ese} "hail hail the gangs all here".......
[09:10] {Les} jf quit the gang...
[09:10] {ese} say it isn't so....
[09:11] {harth} I like to think of us as a posse
[09:11] {ese} that has merrits
[09:12] {nemo} oy vay
[09:12] {RonS} uh ese, is it not "hale"?
[09:12] {davd} no ecb shock and awe. unempl numbers not optimistic.  no treasury bailout of europe.  a rational market would reverse all of yesterday's gains threei
[09:12] {stewy} y'all remind of the hollywood squares
[09:13] {ese} yup
[09:13] {Threei}  rational market?
[09:13] {Threei}  what's that?
[09:14] {davd} agreed, it'll go up because of momentum.
[09:14] {ese} was thinkin of singing "hell hell the gangs all here" ron....
[09:19] {jfjf64} im  back
[09:21] {nemo} http://www.youtube.com/watch?v=jllJ-HeErjU
[09:24] {Les} lol who comes up with this crap
[09:24] {Threei}  larisa :)
[09:25] {larisa} gm :)
[09:25] {RonS} rotflol nemo
[09:26] {harth} nemo... that's good stuff!
[09:26] {RonS} classic
[09:27] {jfjf64} YA NUT
[09:27] {RonS} my Q:  is that guy dino?
[09:27] {jfjf64} lol
[09:29] {ese} rotflol.........
[09:31] {Threei} Long Setup:  LVS  .60 break
[09:31] {Threei}  invalidated
[09:31] {dino} itri gap fill, august
[09:33] {Threei} Long Setup:  RIMM  .20 break half lot
[09:33] {RonS} aro sm l .80
[09:33] {Threei}  invalidated
[09:34] {jfjf64} hmm
[09:34] {jfjf64} banks
[09:34] {Threei} Long Setup:  RIMM  62 break
[09:35] {Threei}  not a scalp
[09:36] {Threei}  1:1
[09:36] {Threei}  half out
[09:36] {jfjf64} ty
[09:36] {Threei}  1:2
[09:36] {jfjf64} .19
[09:36] {jfjf64} yahooooooooooooooo
[09:37] {Threei} Long Setup:  GS  .50 break small shares
[09:37] {Threei}  if stays above .30
[09:38] {Threei}  invalidated
[09:38] {RonS} aro out .20 +.40
[09:38] {Threei}  wtg
[09:39] {dino} gj
[09:39] {nemo} wow rimm
[09:39] {Threei}  no news
[09:39] {RonS} btfd
[09:41] {Threei}  thought of it too late: GS was better play as agressive entry on pullback
[09:41] {Les} rig
[09:43] {dino} josb sm l .15
[09:43] {Threei}  watching RIG for short
[09:44] {Threei}  yeah right
[09:44] {Threei}  no setup, just drop
[09:44] {Les} I shorted after drilling ban release yesterday and it rinsed me straight out before dropping
[09:45] {Les} squeeze maybe
[09:46] {Threei}  shorting into drop on news is asking for rinse...
[09:46] {nemo} lvs dropping
[09:46] {Les} small shares wide stop. too obvious I was above 68
[09:46] {Threei} Short Setup: RIMM  62 break
[09:46] {dino} gil, jas
[09:46] {Threei}  if stays under .10
[09:48] {dino} gil sm l .73
[09:49] {Threei} Short Setup: RIG  .50 break
[09:49] {Threei}  if stays under .60
[09:49] {dino} sm l jas .42
[09:50] {Threei}  1:1
[09:50] {Threei}  half out .38
[09:51] {Threei}  scalpers win
[09:51] {Les} ANF
[09:52] {jfjf64} lvs\gettin  hit
[09:53] {Threei}  Pending home sales in 8
[09:55] {jfjf64} .85
[09:55] {jfjf64} in
[09:55] {jfjf64} lvs
[09:56] {dino} out gil .19, +.46
[09:56] {Threei}  nice
[09:57] {RonS} took rig s .52 to .20 +.32 thanks 3i
[09:57] {dino} ty
[09:57] {Threei}  :)
[09:58] {RonS} stfr
[09:58] {RonS} "sell the freaking rip"
[09:59] {dino} sm l ltd .40
[09:59] {Les} currencies running wild
[10:00] {jfjf64} comon  lvs
[10:00] {Threei}  say what?
[10:00] {Threei}  10.4% vs -1E
[10:00] {Threei}  who makes those predictions?
[10:01] {RonS} what report 3i
[10:01] {Threei}  09:53] {Threei} Pending home sales in 8
[10:01] {nemo} market should rip now
[10:02] {jfjf64} comon  baby
[10:02] {jfjf64} lvs
[10:02] {Threei}  *(US) OCT PENDING HOMES SALES M/M: +10.4% V -1.0%E; Y/Y: -22.4% V -24.9% PRIOR
[10:02] {Threei}  - No revisions
[10:02] {Threei}  - NAR: It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to reach healthy, sustainable levels. The housing market clearly is in a recovery phase and will be uneven at times, but the improving job market and consequential boost to household formation will help the recovery process going into 2011,"
[10:02] {jfjf64} half  out
[10:02] {jfjf64} stop
[10:02] {jfjf64} 51
[10:03] {jfjf64} out
[10:03] {Threei}  wtg
[10:03] {dino} gj
[10:03] {jfjf64} need  a  drink
[10:04] {jfjf64} sd of  sold  first  leg  up
[10:04] {jfjf64} broke  my  rule
[10:04] {jfjf64} that  i was  hoping
[10:04] {jfjf64} hmm
[10:04] {jfjf64} sometimes  works
[10:07] {dino} out jas .83, +.40
[10:07] {dino} .41
[10:09] {Les} x vad. u read it?
[10:09] {Threei}  sure, just one letter
[10:09] {Threei}  long but on pullback, IMO
06[10:09] * Les performs silent clap with one hand
[10:09] {Threei}  around .85 - .90
[10:09] {Les} ok ty
[10:10] {jfjf64} lvs
[10:10] {jfjf64} gettin hit again
06[10:10] * nemo slaps les with a large koan
[10:10] {jfjf64} d/b
[10:10] {jfjf64} ??
[10:12] {dino} aro sm l .00
[10:12] {Threei}  toughie jf
[10:12] {Threei}  looks more like breakdown
[10:14] {RonS} etfc is chewing through some huge resistance setting up a breakout
[10:15] {Threei} Long Setup:  LVS  .75 break
[10:15] {Threei}  if stays above .65 for scalpers
[10:15] {Threei}  .60 day traders
[10:16] {Threei}  1:1 scalpers
[10:16] {dino} aron stopped -.31
[10:16] {dino} aro
[10:16] {Threei}  1 cent shy but what the heck
[10:17] {jfjf64} out
[10:17] {jfjf64} 1/1
[10:17] {jfjf64} ty
[10:17] {jfjf64} t
[10:17] {Threei}  :)
[10:17] {jfjf64} me
[10:17] {jfjf64} lol
[10:17] {jfjf64} partner
[10:18] {Threei}  scalpers win
[10:18] {Threei}  damn vipers
[10:22] {jfjf64} boys talk  later  have  to run
[10:22] {dino} snps sm l .55
[10:22] {jfjf64} ty3i
[10:22] {Threei}  we'll be here jf
[10:22] {Les} ciao jf
[10:22] {dino} cya
[10:22] {jfjf64} ill be  back
[10:27] {Les} banksters running. FAZ for reversal maybe
[10:30] {Threei}  ARBA
[10:30] {Threei}  interesting run
[10:31] {Threei}  (GR) IMF: Evaluating whether to extend maturities on the aid for Greece as it is an option; ECB has shown it can take necessary steps (related NBG EUR/GBP EUR/USD )
[10:32] {ese} thats a name we haven't seen for a while
[10:33] {dino} josb stopped -.35
[10:34] {RonS} arba + meli = ?
[10:34] {RonS} Ariba Mercado Libre!
[10:38] {dino} jas sm l .26
[10:39] {RonS} aro sm l .48
[10:44] {ese} itri dino......been watching it from the opening  looks good now
[10:45] {ese} L .96
[10:45] {ese} itri
[10:45] {RonS} stop aro .38 -.10
[10:46] {Threei}  the world is totally fascinated with choice of hosts for 2018 and 2022 soccer world cup
[10:46] {Threei}  crisis you say?
[10:46] {ese} and they are
[10:46] {Threei}  Russia and Qatar
[10:49] {dino} watching it too es, not in yet
[10:49] {Les} well Australia too but who the hell wants to play football in Oz?
[10:51] {ese} 1/4 out itri .11
[10:52] {dino} gj
[10:53] {ese} ya still 1500 to disperse
[10:53] {dino} whoa, gutsy on a pulp type
[10:53] {ese} ya......
[10:53] {Threei}  ugh
[10:53] {ese} have to pick my spots these days....not much time
[10:53] {Threei}  LVS, thought of .80 short and decided against it
[10:54] {ese} thats me out at .16 with another 1/4
[10:54] {ese} out another 1/4 .11
[10:54] {RonS} aro sm l .18
[10:55] {ese} balance to break even
[10:55] {Threei}  beautiful trade management ese
[10:55] {ese} will let 500 ride and see what happens
[10:56] {ese} had a good teacher........
[10:56] {dino} who?........:)
[10:56] {Threei}  I was just going to ask
[10:56] {ese} maybe ya heard of him.......runs a board called reality trader.....can't spell worth hell but a great trader
[10:57] {dino} lol
[10:57] {Threei}  vat do u meen kant spl?
[10:57] {ese} stopped balance .96 and change
[10:58] {nemo} enuf immanuel
[11:00] {ese} oh ya sure....stop me out then run up there ya BAAAAASSSSTAAAAD
[11:00] {dino} ron i'll join you on aro, sm l .24
[11:01] {RonS} you would think they lost money...
[11:01] {Threei}  well, guided down...
[11:01] {dino} yeah, wasn't bad
[11:02] {RonS} had the toughest comps in retail...only co successful year ago
[11:02] {dino} europe rockin and expanding
[11:02] {Threei}  (GE) Germany Fin Min: Forecasts 2010 debt at approx 75% of GDP, 2011 debt to reach 77%/GDP
[11:03] {dino} same tho w/ltd, gil,jas
[11:03] {Threei}  wait a min
[11:03] {Threei}  weren't we told austerity is in action and works?
[11:03] {RonS} esp gil...sheesh
[11:03] {dino} ltd to .60, snps to .80
[11:03] {Threei}  ARO spikes
[11:04] {RonS} this blog broadcast?
[11:04] {RonS} :D
[11:04] {dino} lol
[11:04] {ese} out of 8 day position in fitb 12.21 to 12.89 4k worth +.68
[11:05] {ese} was into that about 2 days too soon.......what the hell.......it'll be a nice drunken christmas
[11:05] {RonS} wow ese...what a stud.
[11:05] {dino} how do you sleep
[11:06] {Threei}  I can hear snoring 15 miles away
[11:06] {ese} been playing this stock for a while....ya get that gut feeling with it every now and then
[11:06] {dino} in any case, wtfg
[11:07] {ese} acutally.....now that i think of it......i'm not drinkin my booze.....i'm goin to dino and mags and drink theres.......
[11:07] {_ctrade101} gm all!!!
[11:07] {RonS} nemo sent him that video early...btfd
[11:07] {dino} cool
[11:07] {nemo} x
[11:08] {dino} out snps .90, +.35
[11:08] {ese} nice
[11:08] {dino} thx
[11:09] {dino} out jas .75, +.49
[11:09] {Threei}  ctrade :)
[11:10] {dino} out ltd .60, +.20
[11:10] {ese} the daily on that dino says that one is goin up tomorrow
[11:10] {ese} snps   that is
[11:10] {dino} good report too
[11:10] {ese} look at the tail on that sucker
[11:11] {ese} howd i miss that today.........nice one
[11:11] {dino} ty
[11:13] {ese} it's mrkt reversal time shortly.....VIX looks to bottoming out here
[11:13] {nemo} or market continuance
[11:14] {ese} yup......the market goes up except when it doesn't and goes down except when it doesn't
[11:15] {ese} hows that for Tao?
[11:15] {nemo} thanks yogi
[11:15] {ese} bear?
[11:15] {Threei}  amazing poqer of observation
[11:15] {Threei}  power
[11:16] {ese} see what i mean
[11:16] {Les} hehehe put them all to shame ese
[11:17] {ese} this is a fun game except when it isn't..........don't ya think
[11:18] {Threei} Short Setup: LVS  .60 break
[11:18] {Threei}  if stays under .65 dcalpers
[11:18] {Threei}  .70 day trader
[11:19] {Threei}  nah
[11:19] {Threei}  first stop
[11:21] {Threei}  RIMM lost its mind
[11:22] {ese} am just watching that
[11:22] {Les} like LVS the other day.
[11:23] {ese} isn't the blackberry loosing ground to the iphone
[11:23] {Threei}  that's what they told us
[11:23] {Threei}  industry analysts
[11:24] {ese} maybe they got something up there sleeves
[11:25] {nemo} watch for rimm dt here, it failed bigtime at .76 yesterday, break might be a long
[11:28] {dino} sm l gil .02
[11:31] {Threei} Short Setup: RIMM  .70 break
[11:33] {Les} .80 or .85 stop?
[11:33] {Threei}  either
[11:33] {Threei}  both are valid
[11:34] {Threei}  1:1
[11:36] {Les} covered 2nd half .53 pivot .51
[11:36] {Les} ty
[11:36] {Threei}  yw
[11:37] {Threei}  nemo was right on money with double top idea
[11:37] {Threei}  1:2
[11:40] {Les} fitb 13 b/d?
[11:40] {Les} fas might consolidate here. maybe not
[11:42] {Les} lvs just made nice comeback
[11:44] {Threei}  chart is right for FITB... time is wring
[11:44] {Threei}  wrong
[11:45] {Les} ANF about to roll
[11:45] {ese} nemo......vix......any thoughts now
[11:50] {Les} lvs monster
[11:50] {nemo} looks up, but no confirmation yet, could also be bear flag down to 18.78
[11:50] {ese} hmmmmmm
[11:51] {ese} damm look at that...rimm up vix flag dn....hmmm
[11:52] {ese} snps as well dino....
[11:57] {dino} sold them all too soon
[11:58] {nemo} look at tck print 11:57:16
[11:58] {nemo} gone, it wass 122.305
[11:59] {ese} huh  really
[12:00] {nemo} in deck .95
[12:01] {nemo} tck sorry
[12:01] {Threei}  gosh
[12:01] {Threei}  scared me
[12:01] {Threei}  DECK dropped like stone
[12:07] {Threei} Long Setup:  LVS  .45
[12:08] {Threei}  if stays asbove .35
[12:08] {nemo} stopped .86
[12:10] {nemo} hah, stopped out at the low
[12:10] {nemo} omg
[12:11] {nemo} rinse
[12:14] {dino} .
[12:16] {Threei} Long Setup:  LVS  .15 break
[12:17] {Threei}  invalidated again
[12:17] {Threei} Long Setup:  LVS  .10 break
[12:17] {Threei}  band is overstretched
[12:18] {Threei}  gotta snap back
[12:18] {nemo} in
[12:18] {Threei}  stop is self-explanatory, target is about 1:2
[12:18] {nemo} ow
[12:18] {Threei}  wow... no ready yet
[12:19] {Les} used to that with lvs
[12:21] {nemo} breakouts at lunch...always hurt
[12:21] {Threei}  this is not a breakout
[12:21] {nemo} break of a range
[12:21] {Threei}  no
[12:21] {nemo} bounce play I understand, but variation
[12:22] {nemo} we didn't try to grab the bottom of the range
[12:22] {Threei}  mini rage simpk,y gives a sttruicture to a play
[12:22] {Threei}  has nothing to do with breakout
[12:24] {larisa} wow
[12:24] {nemo} wtf
[12:25] {Threei}  something's not outed yet
[12:25] {nemo} ?
[12:26] {Threei}  news
[12:26] {Threei}  that we don't know yet
[12:26] {dino} wynn dropping
[12:26] {Threei}  this is not s techinical move
[12:26] {Threei}  here it is
[12:26] {Threei}  LVS Macau Govt has reportedly denied an application for land rights at a site; considering an appeal of the decision
[12:34] {ese} s rimm 1/2 .60
[12:35] {ese} s rimm 1/2 avg .58
[12:38] {Threei}  - Sands China Ltd. (SCL), an indirect subsidiary of Las Vegas Sands Corp. (LVSC) with ordinary shares listed on The Stock Exchange of Hong Kong Limited, received a letter from the Macao Government advising SCL of the following:
[12:38] {Threei}  (1) SCL's application for a land concession for Parcels 7 and 8 on Cotai has not been approved; and
[12:38] {Threei}  (2) SCL has fifteen (15) days following receipt of the letter to apply to the Chief Executive of Macao for a review of the decision; and
[12:38] {Threei}  (3) SCL has thirty (30) days following receipt of the letter to appeal the decision to the Macao Courts.
[12:38] {Threei}  - SCL is considering all options available to it as set forth in the letter.
[12:39] {Threei}  scalped .10 - .35
[12:39] {Threei}  need to change diapers
[12:39] {RonS} scalped 47.60 to 48.20...too embarassed to mention earlier, cause of diapers
[12:40] {Threei}  :)
[12:41] {ese} not guts here covered rimm .71 -.13
[12:42] {ese} no guts
[12:42] {stewy} congrats scalpers. all i got was flicker vertigo lookin at lvs level 2
[12:42] {RonS} aro wall at .50
[12:43] {RonS} wow stewy that could cause an epileptic fit...bad enough watching the 1 min chart
[12:43] {Threei}  stewy... you mean you are looking at the screen when trading??
[12:44] {Threei}  wow... you guys never cease to surprise me
[12:44] {Threei}  http://www.clippervacations.com/promotions/photocontestwinnersfall2010
[12:45] {RonS} congrats 3i
[12:45] {Threei}  thank you
[12:45] {stewy} not trading just watchin
[12:45] {Les} nice photo there vad. serene mood. one of your best
[12:46] {Threei}  I like it too, ,look great framed on the wall
[12:46] {Les} good framing with trees, depth provided by bridgge
[12:46] {Les} chair focus of interest. well done
[12:48] {Threei}  their website has questyionable color rendition, here is much better version
[12:48] {Threei}  http://www.realitytrader.com/photography/uploaded_images/PA313532-copy-797025.jpg
[12:50] {Les} looks to me they compressed too much out of the original
[12:51] {Threei}  yes
[12:55] {dino} cisg drop
[12:58] {RonS} that lvs trade shot my nerves, leaving this to you dino
[12:58] {RonS} :s
[12:59] {dino} sm l cisg .50 risky
[13:15] {ese} gotta go...it's miller.....ahem!!! choir time
[13:16] {dino} cisg stopped .19, -.31
[13:32] {davd} short gld .55 not above .8
[13:43] {RonS} sheesh...stepped outside w/ order csig l 15.40, came back sold 16.20...what a dumb *ss
[13:46] {Threei}  (US) Fed's Plosser: US has not eliminated the chances of another crisis - Q&A
[13:46] {Threei}  - Return of the gold standard would not eliminate the chance of further financial crises.
[13:47] {davd} hmm re gld
[13:48] {dino} shocking
[13:48] {RonS} cisg...thanks dino
[13:51] {dino} yw
[13:51] {RonS} this supply of stock on the offer w/ aro is seemingly endless
[13:52] {dino} thing is stuck
[14:00] {dino} gil to .39
[14:08] {Threei}  (US) Fed's Duke: Consumers do need to be protected from certain payment methodologies such as prepaid cards'
[14:08] {Threei}  what's wrong with prepaid cards?
[14:08] {dino} gil to .43
[14:08] {RonS} the fees are egregious
[14:09] {Threei}  I see
[14:09] {dino} if its prepaid how can consumer get into trouble
[14:09] {RonS} i think the fees are 5-10%
[14:10] {Les} sounds like consumer needs to be protected from banks and V/MA fees
[14:10] {dino} nobody forces them to buy
[14:10] {Les} yet they do the right thing and are screwed for it
[14:10] {Les} cease using credit
[14:11] {RonS} pay day loan guy eh dino?
[14:11] {Les} hehehe
[14:11] {dino} ahhh
[14:11] {dino} but said prepaid cards
[14:12] {RonS} Tony Soprano: "nobody forced them to take my juice"
[14:15] {dino} great show
[14:16] {RonS} out aro flat
[14:17] {RonS} fuhgetaboutit
[14:19] {RonS} went to an HBO party once...they had a life-sized picture of the male cast with a cutout of Big Pussy's face
[14:20] {RonS} You stuck your face in there and they took a picture...sitting in my office now...
[14:20] {dino} out gil .45, +.42
[14:20] {dino} lol
[14:21] {RonS} noone thinks it's me...lol
[14:21] {davd} gld stopped
[14:26] {RonS} i think the best show HBO has done is Deadwood
[14:27] {RonS} but watching that Sweringen raised my abusive language about tenfold
[14:31] {davd} agree Deadwood.  learned a lot of new swear words.
[14:32] {dino} only watched a few
[14:32] {davd} get it on tape, but keep the kids away.
[14:33] {RonS} ...and the wife
[14:34] {dino} gas
[14:37] {RonS} my gas screen shows condition 1M...what is that?
[14:37] {nemo} gas
[14:38] {RonS} is it halted...no sales last 3 min...
[14:38] {nemo} yeah
[14:38] {Threei}  circutbreaker
[14:38] {Les} god bless em
[14:38] {Threei}  gired adrisors
[14:38] {Threei}  hired
[14:38] {Les} ?
[14:39] {Threei}  legal-speak for looking to sell themselves
[14:39] {Les} right
[14:39] {Threei}  "to examine strategic alternatives"
[14:39] {Threei}  opwned
[14:39] {Threei}  opened
[14:40] {RonS} 2.1 mil sh short gas
[14:42] {nemo} why did cisg drop?
[14:44] {Threei}  CNinsure Weakness attributed to a boutique research report questioning the Chinese insurer's accounting practices
[14:44] {Threei}  - OLP Global LLC alleges that CISG overstates profits by not accounting for equity incentive programs given to its sales agents.
[14:46] {RonS} magoo channel...if i held cisg I'd be RICH!
[14:47] {nemo} deck drop
[14:48] {RonS} feels like the reatil trade is over...
[14:48] {RonS} retail
[14:52] {Les} ANF refuses to die
[14:57] {dino} got booted, rode gas down 47.24 to 46.60
[14:58] {RonS} gj
[14:58] {dino} thx
[14:58] {RonS} aro percolation
[14:59] {nemo} x
[15:00] {Les} lvs
[15:00] {Threei}  a lot of disconnections between particular stocks and market today
[15:00] {Threei}  vote on tax cuts starts in House
[15:03] {Threei} Short Setup: GS  .70 break
[15:03] {Threei}  smaller shares
[15:03] {Threei}  if stasys under .85
[15:03] {dino} gil drops back
[15:04] {Threei}  target is about .30 - .40
[15:06] {Threei}  1:1
[15:08] {nemo} bernanke has definitely put a bottom under this market
[15:09] {Les} he'll get what he wants... and then some
[15:10] {Les} dumped slw +1.50 odd today.
[15:11] {Les} re-entered this afternoon but sold it again. stock is looking tired
[15:12] {Les} another abrubt drop in price of silver. getting screwy
[15:12] {Les} shorts jumping on maybe
[15:12] {Threei} Long Setup:  CISG  .80 break smaller shares
[15:12] {Threei}  if stays above .65
[15:16] {Threei}  let's modify it
[15:17] {Threei}  .70 break
[15:17] {Threei}  someone's trying to put a floor at .60
[15:17] {Threei}  if they succeed, that would be a bounce zone
[15:18] {Threei}  very nice support
[15:20] {Threei}  come on buyers
[15:20] {Threei}  let's run it
[15:22] {Threei}  hit over 1:1
[15:24] {Les} outta here. c u's tomorrow
[15:24] {Threei}  take care les
[15:24] {dino} cya
[15:28] {Threei}  finally
[15:29] {Threei}  out .93
[15:30] {harth} that was an exercise in patience
[15:30] {Threei}  no kidding
[15:30] {dino} gj
[15:30] {nemo} nah...that was 5 minutes
[15:30] {Threei}  ugh, sold too soon
[15:30] {Threei}  whole 12 actually
[15:31] {Threei}  awwww
[15:31] {Threei}  can I have a mulligan?
[15:33] {dino} gas spike
[15:34] {stewy} thanks, threei cisg
[15:36] {Threei}  welcome
[15:36] {Threei}  quite a support that single guy set, showing just 100 shares
[15:36] {Threei}  and aborbing seemingly endless supply
[15:36] {Threei}  absorbing even
[15:40] {Threei}  could have made a textbook movie on "reserve order"
[15:43] {stewy} see you all in the morn.
[15:44] {dino} cya
[15:46] {Threei}  (US) House passes legislation to make Bush era middle class tax cuts permanent
[15:46] {Threei}  - Vote goes back to the Senate for final approval (Senate already passed a similar version of this bill)
[15:48] {RonS} reporting language is so phony...nothing is permanent w/ Congress
[15:48] {Threei}  lol
[15:48] {Threei}  come on, ron, sure there must be something
[15:48] {Threei}  stupidity?
[15:49] {RonS} members bennies and salary increases
[15:49] {Threei}  see?
[15:49] {Threei}  utter disregard for common sense
[15:50] {RonS} Mel Books:  "It's good to be the King!"
[15:50] {RonS} Brooks
[15:50] {nemo} "Wait for the shake."
[15:50] {nemo} "I love my peasants...pull!"
[15:51] {RonS} Count Monet...not money
[15:51] {nemo} and of course Harvey Corman to Mel  "Governor, think of your secretary."
[15:51] {nemo} Blazing Saddles
[15:52] {nemo} Nobody moves or the _____ gets it."
[15:52] {RonS} some actor from Croatia came to the US...went to Blockbuster and asked for The History of the World Part 2
[15:53] {nemo} thought that was Vad...
[15:53] {Threei}  Croatia?
[15:53] {Threei}  what do I have to do with it
[15:53] {nemo} no
[15:59] {RonS} cya on the playground manana...
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {dino} stop aro .02-.22
[16:00] {harth} cya Fri!
[16:00] {dino} cya
[16:00] {dino} outta of here too, thx all, good day, good time

Dec 01 2010

Much better day with quite a few good plays. Nice Catch of the Day too.


Our readers will have no troubles recognizing this play, so in order to provide a raw material for learning purposes I will put minimum annotations on the chart. Hint: see price part of the chart for the one of triangle formations, and volume part to get a clue for the likely direction.

Session Time: Wed Dec 01 00:00:00 2010
[08:02] {nemo} tell dino, if he shows, to go back to bed
[08:35] {Threei}  wow
[08:35] {nemo} yeah, no kidding...maybe I should just go hunting
[08:36] {RonS} ?
[08:36] {nemo} the gap up Ron
[08:37] {RonS} ya, Chinese pmi....hit an almost perfect no., not too hot, not too cold
[08:40] {RonS} took GS and BAC overnight...closed this pre +1.52 & +.16
[08:41] {RonS} bet on bank rebound, 12/1 traditional strong day
[08:41] {RonS} sold because I read that Fed will start releasing documents tomorrow on the bailout period
[08:42] {RonS} gm btw
[08:43] {Threei}  can you imagine all the hopefuls for the bio score holding those shorts overnight?
[08:43] {Threei}  morning
[08:44] {Threei}  I'd say gap down today was in "too obvious" category
[08:45] {Threei}  thus didn't pan out
[08:45] {Threei}  but whether we have gap and trap, gap and stall or breakaway gap - I wouldn't even venture to guess yet
[08:46] {RonS} one is for sure...gap and yap...
[08:46] {Threei}  lol
[08:48] {Threei}  Euro vs US Dollar Euro extends session gains aided by tightening Peripherals
[08:48] {Threei}  - EUR/USD pair testing back above its 200-day mvg avg of 1.3120
[08:48] {Threei}  - Market speculation that the ECB might announce an extension to its bond buying program at its press conference on Dec 2nd (tomorrow)
[08:51] {ese} morning
[08:51] {Threei}  ese :)
[08:52] {ese} vad
[08:52] {ese} ron nice play with gs and bac
[08:58] {nemo} continuous gentle slope up on the spy
[09:00] {ese} talkin about the 1min chrt nemo
[09:01] {dino} gm all
[09:01] {RonS} who dat?
[09:02] {ese} dino
[09:02] {dino} :D
[09:03] {RonS} hey ese, ovti could be today's rimm...5.7 mil sh short...reading 10.7% of float
[09:05] {ese} was just looking at that
[09:05] {ese} braking out to new highs
[09:05] {nemo} go back to bed dino
[09:06] {ese} breaking rather
[09:06] {Threei}  dino!
[09:06] {Threei}  missed days with gap down, and came back on the gap up
[09:06] {dino} missed the wrong days it seems
[09:08] {Threei}  well, yesterday should have been your day for sure - I performed like drunken sailor
[09:08] {ese} Price Target raised to $32 from $27 at Oppenheimer; Reiterates Outperform rating   Have Market Intel? TradeTheNews.com Tip Line -} Click Here :
[09:08] {ese} or ovti
[09:08] {ese} for ovti
[09:09] {Threei}  ese, look dcc pls
[09:12] {dino} needham, ovti to 40
[09:14] {jfjf64} mornin my traders
[09:14] {Threei}  jf :)
[09:14] {harth} Good Morning:)
[09:14] {Threei}  harth :)
[09:17] {Threei}  US Deficit Commission releases preliminary proposals
[09:17] {Threei}  Six part plan:
[09:17] {Threei}  Achieve nearly $4 trillion in deficit reduction through 2020, more than any effort in the nations history.
[09:17] {Threei}  Reduce the deficit to 2.3% of GDP by 2015 (2.4% excluding Social Security reform), exceeding Presidents goal of primary balance (about 3% of GDP).2
[09:17] {Threei}  Sharply reduce tax rates, abolish the AMT, and cut backdoor spending in the tax code.
[09:17] {Threei}  Cap revenue at 21% of GDP and get spending below 22% and eventually to 21%.
[09:17] {Threei}  Ensure lasting Social Security solvency, prevent the projected 22% cuts to come in 2037, reduce elderly poverty, and distribute the burden fairly.
[09:17] {Threei}  Stabilize debt by 2014 and reduce debt to 60% of GDP by 2023 and 40% by 2035.
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa :)
[09:18] {larisa} vad :)
[09:21] {stewy} good morning everyone
[09:22] {Threei}  stewy :)
[09:24] {Threei}  Euro vs US Dollar USD off its worst levels ahead of the NYSE equity open
[09:24] {Threei}  - Dealers note that one factor helping the greenback was talk that the US deficit Commission's revised budget plan sought deeper spending cuts than original
[09:24] {Threei}  report:
[09:24] {Threei}  - Proposals would cut deficit by nearly $4T through 2020.
[09:24] {Threei}  - Proposals would cut deficit to 2.3% of GDP by 2015.
[09:26] {jfjf64} STE
[09:26] {jfjf64} Stew
[09:26] {jfjf64} hey
[09:27] {jfjf64} jf drinkin again
[09:27] {jfjf64} lol
[09:27] {stewy} gm, jf :)
[09:28] {Threei}  come on jf... so close to market opening?? you should have started 30 min ago!
[09:29] {jfjf64} 51.75 pre  lvs
[09:31] {Threei}  RIMM pullback
[09:31] {Threei}  watching
[09:32] {Threei}  wanr 62.80 or so
[09:33] {nemo} snk
[09:33] {nemo} sndk
[09:34] {Threei}  LVS sharp dive
[09:35] {Threei} Short Setup: RIMM  .20 break half lot
[09:35] {Threei}  stop above .30 for scalpers
[09:35] {Threei}  .40 day traders
[09:35] {Threei}  1:1 scalpers
[09:36] {Threei}  dayy traders trail to .30
[09:36] {Threei} Short Setup: LVS  .60 break
[09:37] {Threei}  1:1 day traders RIMM
[09:37] {dino} gj
[09:37] {Threei}  ty
[09:37] {Threei}  taking revenge for yesterday's lacklustre performance
[09:37] {Threei}  almost 1:2 RIMM
[09:37] {Threei}  LVS invalidated
[09:38] {Threei}  next leg down is for long hunt on RIOMM
[09:38] {Threei}  RIMM too
[09:38] {Threei}  LVS short valid again if stays under .70
[09:39] {Threei}  covered RIMM in full
[09:39] {Threei}  LVS over 1:1
[09:40] {nemo} rimm likely here
[09:40] {jfjf64} unh
[09:40] {jfjf64} .61
[09:40] {Threei} Long Setup:  RIMM  .80 break
[09:40] {Threei}  half lot
[09:40] {Threei}  if stays above .65
[09:42] {nemo} 200 ma .61
[09:43] {Threei}  invalidated but not off radar
[09:44] {dino} itri sm l .03
[09:44] {Threei}  argh
[09:44] {Threei}  X got away
[09:45] {Les} afternoon all. A balmy 24F and snow snow snow here
[09:45] {Threei}  hey Les
[09:45] {dino} rain and 50 here
[09:46] {harth} 7F here -9F with windchill
[09:47] {Threei}  yikes
[09:47] {Les} well turn your bloody fan of harth!
[09:47] {Threei}  what's that winter poem
[09:47] {Les} off
[09:47] {nemo} ****! IT'S COLD!  THE END
[09:47] {harth} yup
[09:47] {Les} blunt and always to the point hey Nemo?
[09:48] {nemo} Go sit by the.....harth  ;)
[09:48] {nemo} that's the poem Les
[09:48] {stewy} Les, balmy 24C here...
[09:48] {RonS} took rimm .60 to .82...thxs guys
[09:49] {ese} I GET THAT
[09:49] {dino} gj
[09:49] {Threei}  Ron :)
[09:50] {Threei} Short Setup: CAT  .50 break half lot
[09:51] {Threei}  invalidated
[09:53] {Threei}  back on, if stays under .65
[09:53] {dino} cat sm s .60 stop .89
[09:54] {Threei}  invalidated again
[09:54] {nemo} well let's see, market doesn't go down on bad news, do we expect it to go down oon good news
[09:55] {Threei}  but first two shorts worked
[09:55] {dino} cat stop to .79
[09:55] {nemo} that ws the breather, everything go north again now including indexes
[09:55] {dino} stopped -.19
[09:56] {nemo} next resistance for spy is .93
[09:56] {Threei}  (SP) Spain PM Zapatero cancels trip to summit in Argentina
[09:56] {Les} GLD
[09:56] {Threei}  no airfare money?
[09:57] {jfjf64} nvda 5 min
[09:57] {jfjf64} .21 break
[09:59] {RonS} ism
[09:59] {Threei}  two sets of numvbers are coming
[10:00] {Threei}  ISM and construction spending
[10:00] {Threei}  *(US) OCT CONSTRUCTION SPENDING M/M: +0.7% V -0.3%E
[10:00] {Threei}  - Prior MoM revised from 0.5% to %
[10:00] {Threei}  - No revisions (related XHB SPY EUR/USD )
[10:00] {nemo} in mos .40
[10:00] {Threei}  *(US) NOV ISM MANUFACTURING: 56.6 V 56.5E; PRICES PAID: 69.5 V 71.0E
[10:01] {nemo} ouch
[10:01] {dino} josb sm l .00
[10:04] {Threei}  (US) White House to ban drilling offshore Florida through 2017 - Fox Business News (related USO OIH )
[10:04] {Threei}  what?
[10:04] {nemo} tourist industry
[10:05] {dino} idiots!
[10:05] {Threei}  RIG droped like stone
[10:06] {nemo} in rimm .75
[10:06] {nemo} holly shit?!!!
[10:07] {nemo} rinse
[10:07] {Threei}  stop would have to be under .60
[10:07] {RonS} mos sm l .10
[10:07] {nemo} yeah, I got croaked
[10:07] {nemo} was playing the 200ma
[10:09] {nemo} ouch..nice way to start the month
[10:09] {Les} crap. slw rinsed me
[10:09] {Les} stopped out .51
[10:11] {Threei} Short Setup: X  .30 break
[10:11] {Threei}  if stays under .40
[10:11] {dino} mos sm l .90
[10:13] {jfjf64} reminds  me  yest  trade
[10:13] {Threei}  X should be good for 1:2 if works
[10:14] {jfjf64} 1.4 yest
[10:14] {jfjf64} lol
[10:14] {Threei}  .25 support is crucial
[10:14] {Threei}  if that's broken, should cascade
[10:14] {jfjf64} break  the  wall down
[10:15] {Threei}  so far so good, stays down while market bounces
[10:15] {jfjf64} y
[10:15] {Threei}  but needs market help soon
[10:16] {nemo} market starting another up cycle now
[10:16] {Threei}  here we go
[10:16] {jfjf64} ty  nemo
[10:16] {jfjf64} say  it  again
[10:16] {jfjf64} lol
[10:16] {Threei}  lol
[10:17] {Les} he might be right yet
[10:17] {jfjf64} d
[10:17] {jfjf64} o w n
[10:17] {nemo} i might be wrong
[10:17] {Les} then we get to smack ya
[10:17] {Threei}  TEM Strength attributed to chatter stem cell cancer therapy gets positive coverage determination from one US insurance company (1.13, +0.07, 6.34%) (related GERN )\
[10:17] {Threei}  STEM
[10:18] {nemo} nice wall .35
[10:18] {Les} lol thought you were drawing our attention
[10:18] {Threei}  maybe let's trail X to above .35
[10:18] {jfjf64} need  to go
[10:18] {Threei}  it was 2 cents from 1:1
[10:18] {Threei}  do we need this private details, jf
[10:19] {jfjf64} lol
[10:19] {RonS} dang, forgot about the pomo start...
[10:19] {jfjf64} comon  market  roll over
[10:20] {nemo} we're in hft land now
[10:20] {jfjf64} hft
[10:20] {jfjf64} ??
[10:20] {RonS} 80% of the time the market goes up during this 45 min
[10:20] {jfjf64} comon
[10:20] {jfjf64} really
[10:20] {jfjf64} rs
[10:21] {RonS} that has been the pattern...
[10:21] {nemo} go long above .25
[10:21] {nemo} .35
[10:21] {jfjf64} yes
[10:21] {Threei}  out
[10:21] {jfjf64} .40
[10:22] {nemo} gotta' do it guys
[10:22] {nemo} [10:15] {nemo} market starting another up cycle now
[10:22] {Threei}  I am not so sure
[10:22] {Les} this f'er rinsing left and right
[10:22] {nemo} me neither, got that wick which might have been stop buster
[10:23] {davd} i go with nemo,
[10:23] {nemo} it's lonely out here
[10:23] {RonS} lol ad has someone getting sawed in two...
[10:23] {Threei}  you do realize that you bet on a hybrid of a clown fish with mad submarine captain, davd?
[10:24] {nemo} wrong
[10:24] {davd} too close to 1200 - bulls will buy through it
[10:24] {nemo} everybody thinks I got it from there
[10:24] {Threei}  that's because too few read at all, let alone ancient mythiology :)
[10:24] {nemo} I got it from the Oddysey..
[10:25] {Threei}  cartoons on the other hand...
[10:25] {Threei}  is major source of knowledge
[10:26] {jfjf64} cat
[10:26] {jfjf64} tempting
[10:26] {Threei} Long Setup:  RIMM  .80 break
[10:26] {Threei}  stop under .75 for scalper
[10:26] {Threei}  .70 day traders
[10:27] {nemo} too late
[10:27] {Threei}  ?
[10:27] {nemo} got on reverse
[10:30] {Threei}  *(US) DOE CRUDE: +1.06M V -1ME; GASOLINE: +560K V 0ME (FLAT); DISTILLATE: -195K V -1ME; UTILIZATION: 82.6% V 85.8%E
[10:32] {Threei}  look at X
[10:32] {Threei}  now it's doing that dance
[10:32] {Threei}  rinsed our short
[10:32] {Threei}  but gkad we trailed stop, it would have been stopped with original one as well
[10:32] {nemo} all rinses today for me
[10:32] {RonS} took X s .32 to .10...thxs 3i
[10:32] {Threei}  Ron :)
[10:33] {nemo} although, got out of rimm .84
[10:34] {Threei}  RIMM 1:1
[10:34] {Threei}  half out
[10:34] {Threei}  stop to .80
[10:36] {Threei}  offering 1/4 more .99
[10:36] {Threei}  ok, .97 out 1/4
[10:37] {Threei}  no point fighting for each cent
[10:37] {Threei}  last part out
[10:37] {Threei}  .06
[10:38] {Threei}  +.25
[10:39] {Threei}  3:4
[10:39] {Threei}  did I break the gap up curse?
[10:41] {davd} cnbc just broke the no drill off fla story - now watch energy
[10:42] {davd} 10:40
[10:42] {Threei}  RIG
[10:42] {nemo} oil should go up
[10:42] {Threei}  double bottom play probably
[10:43] {Threei}  a bit too volatile for confident etnry
[10:43] {Threei}  .45 seems to be it
[10:43] {Threei}  discretionary
[10:43] {Threei}  can rinse easily
[10:44] {Threei}  who went for it, keep stop under .30 and aim for .70 - .90
[10:45] {Threei}  wow, sold RIMM too soon
[10:46] {ese} L stld.23
[10:48] {Threei}  1:1 RIG
[10:49] {Threei}  not counting discretionary call in daily ratio but bursting of pride nonetheless
[10:49] {nemo} rig at trend resistance
[10:58] {jfjf64} mibbet   grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:59] {jfjf64} missed  rig
[10:59] {jfjf64} pissed
[10:59] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:59] {Threei}  you got disconnected after the call, no??
[11:00] {jfjf64} before
[11:00] {Threei}  ugh
[11:00] {jfjf64} every  5 min
[11:00] {Threei}  maybe time to go mirc
[11:00] {jfjf64} gettig  error
[11:01] {jfjf64} internet   exp  script  error
[11:01] {jfjf64} micro brew
[11:05] {Threei}  (EU) EU's Rehn: Portugal and Spain will soon announce measures on structural reforms
[11:05] {Threei}  - Agrees that the measures taken to correct the crisis have not yet restored confidence, but to do that will require time and consistent actions
[11:07] {_ctrade101} gm all
[11:08] {larisa} gm 101
[11:08] {Threei}  morning ctrade
[11:08] {Threei}  missed a few good ones
[11:09] {jfjf64} mee too
[11:10] {Threei}  sheesh RIMM
[11:10] {Threei}  can you believe we sold it 40 cents ago?
[11:10] {Threei}  I mean 50
[11:11] {Threei}  and even that was 1:3
[11:12] {dino} disconnected, out mos +.40, out josb +.43
[11:13] {Threei}  nice
[11:13] {dino} thx
[11:14] {Threei}  we did well while you were out too
[11:14] {dino} wtg
[11:14] {jfjf64} im  the  other  too
[11:14] {jfjf64} dino
[11:15] {dino} i sold early
[11:18] {Threei}  guys, I know it's a bit early and hardly anyone had enough time to read and evaluate most of the course,
[11:19] {Threei}  but those who feel they can give it a grade, consider a testimonial please
[11:19] {nemo} in sndk .21
[11:19] {Threei}  price goes up to its originally intended on Jan 1,
[11:20] {Threei}  so if we can give something to fence-sitters to decide, it will be good help
[11:20] {Threei}  if you care about anonymity, initials and state will bve enough
[11:23] {nemo} bvn dino
[11:24] {jfjf64} cat
[11:25] {jfjf64} lk break??
[11:25] {Threei}  I like chart
[11:25] {Threei}  I am not sure market will suport the break
[11:26] {Threei}  we are in a gap-stall phase
[11:26] {jfjf64} thank
[11:26] {jfjf64} you
[11:26] {Threei}  you
[11:26] {Threei}  are
[11:26] {Threei}  welcome
[11:26] {jfjf64} always
[11:26] {jfjf64} respect
[11:26] {Threei}  likewise
[11:26] {jfjf64} ya opinion
[11:28] {nemo} good boy sndk
[11:28] {davd} ie threei you don't think it will break above 1200 on s&p?
[11:28] {jfjf64} you long
[11:28] {jfjf64} nemo
[11:28] {davd} re support the break...?
[11:30] {nemo} yeah
[11:30] {nemo} yes
[11:30] {Threei}  1200?
[11:30] {nemo} ?
[11:30] {Threei}  aren't we above?
[11:30] {jfjf64} i want  what  ya  smokin  david
[11:31] {davd} sorry, break strongly above?
[11:31] {Threei}  what I mean in that comment is:
[11:31] {Threei}  CAT chart by itself looks nice for breakout,
[11:31] {Threei}  but this kind of breaks requires market directional help
[11:31] {Threei}  and at this point I can't rely on it,
[11:32] {Threei}  market gapped up, help the gap nicely, returned to the high
[11:32] {Threei}  which is more often a prelude to day-long stall
[11:32] {Threei}  than to a continuing march up
[11:33] {davd} ii
[11:33] {nemo} stop now .26
[11:33] {Threei}  nice play nemo
[11:34] {nemo} 1/2 out 39
[11:34] {nemo} .39
[11:34] {nemo} oy vay look at .40, if it breaks off to the races
[11:34] {nemo} disappeared
[11:35] {nemo} it's back
[11:35] {Threei}  looks fake
[11:35] {nemo} gone
[11:35] {nemo} yeah
[11:35] {Threei}  tells you someone is playhing games
[11:35] {nemo} back
[11:35] {Threei}  most likely got caught short, and tries to scare longs to cover at better price
[11:36] {nemo} yep
[11:37] {Threei}  praying time
[11:37] {nemo} yep
[11:38] {Threei}  averaged down and prays for breakeven
[11:38] {nemo} who you talkin to?
[11:38] {Threei}  commenting on that player
[11:39] {nemo} buy vaseline and get a donut pillow too
[11:39] {RonS} hehe
[11:39] {nemo} mos looks interesting
[11:39] {Threei}  .50 break is his "dump everything and go cry" barrier
[11:40] {jfjf64} cat
[11:41] {Threei}  getting steamrolled
[11:42] {nemo} pivot resistance .47 going into lunch....mmmmhhhhh....what would Vad do?
[11:42] {nemo} ..................
[11:42] {nemo} ...................
[11:42] {nemo} ahhh....vodka
[11:43] {Threei}  vodka?? during trading?? no way - right before, yes
[11:43] {nemo} oh yeah, 3 eyes two hands
[11:44] {Threei}  also, I tend to close my eyes while drinking as expression of pleasure... and need open eyes for trading
[11:44] {Threei}  well.. not always... but often
[11:44] {jfjf64} cat
[11:44] {Threei}  market spike pushed it over the fence, jf
[11:44] {jfjf64} 1/1
[11:45] {jfjf64} daily  can  go
[11:46] {ese} I think i picked the slow boat to china this time round
[11:47] {dino}  scmr bloody
[11:47] {Threei}  STLD ese?
[11:48] {RonS} scmr $6.50 cash distribution
[11:48] {jfjf64} 1/2
[11:48] {dino} the 9th tho, big miss
[11:50] {jfjf64} steady  buyin  cat
[11:50] {Threei}  SNDK shorter is killed dead
[11:51] {nemo} merry frickin xmas!
[11:51] {jfjf64} 1/3
[11:51] {RonS} fdx on fire
[11:51] {Threei}  market spikes like there is no tomorrow
[11:53] {dino} maybe there isn't, lol
[11:53] {Threei}  I start thinking that too
[11:53] {Threei}  where is my scothc
[11:53] {Threei}  single malt
[11:53] {Threei}  18 years
[11:53] {RonS} big sellers across all stock futes
[11:54] {jfjf64} ill hv  one  3i
[11:54] {Threei}  (GR) Greece YTD budget revenues +5% y/y v +6% expected - unconfirmed report
[11:55] {jfjf64} 1/4
[11:55] {jfjf64} cat
[11:56] {jfjf64} and  to  think  paper  trade  4 me
[11:56] {jfjf64}   more  scotch
[11:57] {jfjf64} here goes  aapl
[11:57] {nemo} 1/4 more .62
[11:57] {Threei}  we are in a bathtub homebrew vodka territory
[11:57] {nemo} hard stop in...be back
[11:58] {nemo} that's .41 so far
[11:58] {Threei}  can you think of better illurtration to "overbought get overboghter" than today?
[12:00] {dino} uti sm l .50
[12:02] {RonS} lol, dino is like a vulture who levitates the dead...
[12:03] {RonS} OK, priest...
[12:03] {RonS} magician?
[12:04] {RonS} but levitation correct
[12:04] {RonS} y do i feel like jf?
[12:08] {Threei}  EU) EU's Rehn: Euro bond proposals unlikely to receive support; but are an 'interesting idea'
[12:08] {Threei}  (US) Treasury Sec Geithner: Tax negotiations over the 'Bush' tax cuts put "everything on the table"
[12:11] {dino} i prefer vampire
[12:11] {RonS} his head?
[12:14] {Threei}  dino is not afraid of buffy
[12:14] {dino} buffy's hot
[12:15] {nemo} sndk bounce area...errrrr....25
[12:22] {Threei}  (US) Fed's Bullard: Not opposed to ending dual policy mandate (jobs and price stability) - Fox Business News
[12:22] {Threei}  - US economy is "very close" to seeing a strong recover in 2011.
[12:22] {Threei}  - Opposes raising any taxes, calls on Obama Administration to extend tax cuts.
[12:22] {Threei}  ***Reminder: On 11/17 Bullard stated that removing the dual mandate and moving towards single mandate of price stability is an 'interesting idea'
[12:26] {dino} bvn sm l .50
[12:27] {RonS} Congress passed those mandates in 1946...when did a single mandate become interesting? can these people ever quit sounding like morons?
[12:27] {dino} no
[12:27] {Threei}  how can they?
[12:28] {Threei}  see, on a personal basis most of them are bright
[12:28] {Threei}  some are mornons to be sure, but that's rarher exception on such level
[12:28] {Threei}  but consider the position they are in
[12:28] {RonS} ergo "sounding like"
[12:29] {Threei}  deep inside, almost all of them know what a deep sh*t country is in, and most importantly - realize the role Fed played in it
[12:29] {Threei}  so what are they to do, call for their own abolishment?
[12:29] {dino} and they played in it
[12:30] {Threei}  right
[12:30] {Threei}  also, as much asd I would be all for Fed abolishment,
[12:30] {Threei}  two things give me pause
[12:31] {Threei}  1. making transition to a new system without causing total collapse is a task for giants - and we have none of those, all I see is ants
[12:31] {Threei}  2. who said central bank run by govt is going to be more resoonsible?
[12:32] {dino} it will not be
[12:32] {Threei}  so what's the point? :)
[12:32] {dino} i'm not for abolishing fed
[12:33] {Threei}  I am, ultimately
[12:33] {Threei}  with eventual purpose in mind: stop meddling with rates
[12:34] {Threei}  let market regulate them, and only take good care of rpeventing monopoly and collusions
[12:35] {Threei}  the idea of a few people deciding on such major factor with no regard to market but based on their, a few peopl,e, views is abhirrent to me
[12:35] {Threei}  abhorrent too
[12:36] {nemo} mos above 67
[12:43] {Threei}  NASA will hold a news conference at 2 p.m. EST on Thursday, Dec. 2, to discuss an astrobiology finding that will impact the search for evidence of extraterrestrial life.
[12:43] {Threei}  crap... they found my homebase
[12:43] {RonS} lol
[12:44] {nemo} stewy?
[12:44] {Threei}  What could the big announcement be? Chances are it has something to do with the recent discovery by the NASA-led international Cassini-Huygens mission of a tentative atmosphere containing both oxygen and carbon dioxide on the surface of Saturn's moon Rhea.
[12:44] {RonS} always wondered why you resemble E.T.
[12:44] {Threei}  sh*t
06[12:45] * Threei urgently relocates from Rhea to Hyperion
[12:46] {Threei}  I may have to take day off tomorrow guys, internet is not installed on Hyperion yet
[12:46] {RonS} and takes a toke off his favorite ganja...
[12:46] {stewy} pondering my testimonial, one that threei requested
[12:46] {stewy} if i post it,
[12:46] {RonS} just call the cable company
[12:47] {stewy} threei will be editing heavily
[12:47] {Threei}  it will contain that much swearing?
[12:47] {stewy} like that Cold poem?
[12:48] {Threei}  I thought Taoist Trader course was more wordy {G}
[12:48] {Threei}  225 pages not counting attachments, for pete sake
[12:50] {harth} I'm on page 56
[12:50] {RonS} bvn, one pulpy puppy...
[12:51] {RonS} bvn sm l .40 tgt .82
[12:53] {Threei}  how do you like it so far harth?
[12:54] {harth} Awesome! Lot of thought required!
[12:54] {Threei}  glad to hear
[12:54] {Threei}  it will progress to more and more practical things
[12:54] {Threei}  kind of going from forrest to the trees
[12:55] {Threei}  laying foundation first, building walls and roof second
[12:55] {Threei}  shaping up the interior then
[12:55] {Threei}  and putting on landscaping options for curbe appeal :)
[12:55] {harth} Cool, I really don't want to put it down but a guys gotta sleep sometime:)
[12:56] {ese} " to take or not to take"....this is the question i ask of thee or wise and learned one......stld up .12 3k worth........hmmmmmmmm
[12:56] {Threei}  sleep is overrated
[12:56] {Threei}  just a few decades more, and we will have all the time for sleep we ever want
[12:56] {RonS} omg
[12:57] {RonS} that's why i started trading
[12:57] {RonS} said to self:  why and who are you trying to impress?
[12:57] {RonS} ...in 50 years absolutely noone will give a sh&t what you did
[12:58] {RonS} Do what you want...
[12:58] {Threei}  that's why I took to writing
[12:58] {Threei}  at least something will remain for those few who still can read
[12:59] {Threei}  but I completely on board with that view ron
[12:59] {harth} Same here
[12:59] {Threei}  do what you enjoy
[12:59] {Threei}  there are always people here and there, especially on internet forums, who take this qeird line of attack:
[13:00] {Threei}  weird
[13:00] {Threei}  why would you want to write trading books, courses, give seminars, teach, run the room, if you can jjst trade for yourself?
[13:00] {Threei}  obviously the retuirn from trading dwarfs all that
[13:01] {Threei}  I have very simple answer:
[13:01] {Threei}  because I enjoy doing all that
[13:01] {RonS} but who would be the audience for your jokes?
[13:01] {Threei}  that too
[13:01] {Threei}  who else I could make listen to those
[13:01] {Threei}  some like trading,
[13:01] {Threei}  some teaching in all its forms,
[13:01] {Threei}  some like writing or public speaking
[13:02] {Threei}  I happen to like all of that
[13:02] {Threei}  and yes, I am a freak who enjoys public speaking
[13:02] {Threei}  so I try to do all that
[13:02] {Threei}  why do I make photos?
[13:02] {dino} uti to flat
[13:02] {Threei}  they take a lot of time, and miniscule income I make of them does not even pay for gear
[13:02] {dino} bvn too
[13:04] {Threei}  but my photos won three contests, published on many websites and in some magazines, used by designers in various venbues
[13:04] {Threei}  and I am compiling a photo book
[13:04] {Threei}  there are galleries that expressed early interest in a few of them
[13:04] {Threei}  this is just so satisfying
[13:05] {Threei}  probably impossible to undertsnad for those who ask that question measuring every possible return in dollars only
[13:06] {dino} vad, you're getting deep
[13:06] {Threei}  done with that, sorry
[13:06] {Threei}  back to my normal shallow self
[13:06] {dino} just busting you buddy
[13:06] {Threei}  tree good, fire bad
[13:06] {Threei}  pass that vodka
[13:06] {Threei}  keep that soda
[13:08] {dino} bvn to .64
[13:08] {dino} uti too
[13:09] {RonS} this bvn is pretty funny acting
[13:09] {RonS} when they wnat it to run they just cancel the offers
[13:10] {dino} messed with
[13:10] {RonS} Chilean diablos
[13:10] {dino} lol
[13:10] {Threei}  lol
[13:10] {dino} to .70
[13:10] {Threei}  if anyone thought I was joking: http://www.nasa.gov/home/hqnews/2010/nov/HQ_M10-167_Astrobiology.html
[13:11] {RonS} too specific and high brow for joke 3i
[13:12] {RonS} plus was not peceded with "in the old Soviet Union..."
[13:12] {Threei}  lol
[13:12] {RonS} :D
[13:12] {RonS} precede
[13:12] {Threei}  d
[13:13] {dino} out byn +.19
[13:13] {dino} bvn
[13:15] {dino} out uti +.15
[13:16] {Threei}  nice scalping footwork
[13:16] {dino} ty'
[13:19] {Threei}  interesting... GM and F USA sales are up healthy %, Toyota down 7%
[13:19] {dino} itri sm l .62
[13:21] {davd} dollar popped up
[13:21] {Threei}  here is why
[13:21] {Threei}  Reportedly US officials deny report that US is considering larger contribution to Europe's ESFS
[13:25] {RonS} out bvn .82 +.42 thanks dino
[13:25] {davd} i'm not surprised by the denial
[13:26] {dino} gj
[13:27] {davd} now breaking the denial on cnbc
[13:27] {nemo} so, they're saying they might contribute more?
[13:30] {davd} yes, then we should do a european ipo a year later and then give the ipo shares to the rich.
[13:30] {RonS} perfect...the American Way...
[13:31] {nemo} such a cynic
[13:32] {RonS} ya, was just a sceptic when younger...watching these ahole operate turned me into a cynic
[13:32] {RonS} s
[13:34] {davd} it was a treasury official that says not considering
[13:36] {Threei}  well Ron, then be thankful you've never seen good old USSR... you would have turned into cynic much earlier in life {G}
[13:36] {RonS} the womb...
[13:36] {Threei}  lol
[13:37] {RonS} is it 1999?  pull a 3 yr daily on RHT
[13:37] {davd} fyi the nemo / davd s&p pop theory from this morning was valid :/
[13:37] {Threei}  it's a former RHAT, right?
[13:38] {RonS} yep
[13:38] {nemo} did I say something?
[13:38] {RonS} and CAVM
[13:38] {Threei}  you did but we won't hold it against you
[13:38] {davd} nemo has a desk at goldman?
[13:40] {nemo} in rimm .96
[13:41] {Threei}  stop under .90?
[13:41] {nemo} yeah
[13:42] {nemo} knife catching
[13:42] {nemo} and rinse
[13:46] {Threei}  beige book in 15 min
[13:50] {dino} itri stopped
[14:00] {RonS} terrific...http://tinyurl.com/2u5ht4s
[14:00] {Threei}  beige book
[14:01] {Threei}  growth continues but slow
[14:03] {RonS} interesting:  http://tinyurl.com/326fqjc
[14:03] {Threei}  EUR/USD German Fin Min Schaeuble: Germany is determined to defend the euro, existance of the single currency is not threatened (related EUR/GBP EUR/JPY BUNDS EWG )
[14:05] {Threei} Short Setup: X  .10 break
[14:05] {RonS} rimm is acting really heavy...
[14:05] {Threei}  if holding under .20
[14:06] {nemo} yeah just got smoked on rimm
[14:06] {nemo} here comes the rinse
[14:09] {Threei}  let's trail X to .16
[14:10] {Threei}  don't want any excessive risk during slow aftrenoon
[14:12] {Threei}  RIMM nears bounce zone
[14:12] {nemo} bounced
[14:22] {Threei}  out X
[14:30] {nemo} look at spy since 12
[14:41] {Threei}  as flstline as it gets ehg
[14:41] {Threei}  flatine
[14:47] {Threei}  (US) Fed's Fisher: Not surprised by recent USD appreciation, certainty on tax code and regulations will help growth
[14:47] {Threei}  - Highlights the US can learn a lesson from Europe that it cannot run high fiscal deficits
[14:47] {Threei}  why do you need anyone to take this lesson from? Isn;t it kind of things that any sensible human being understands by default?
[14:48] {stewy} see you all tomorrow.
[14:48] {Threei}  take care stewy
[14:48] {Threei}  (JP) Japan and the US are planning large-scale millitary exercises - Nikkei News
[14:48] {Threei}  - The drill will be one of the largest conducted by Japan and the U.S., involving roughly 34,100 personnel from Japan's Ground, Maritime and Air Defense Forces and some 10,400 troops from the U.S. Army, Navy, Air Force and Marine Corps, as well as the U.S. aircraft carrier George Washington. This would be six times larger than the four-day war game the U.S. and South Korea carried out this week in the Yellow Sea.
[14:50] {Threei}  I guess we still have some money exxcess right?
[15:04] {Threei}  US House approves stopgap extension of govt funding through Dec 18th
[15:11] {Threei}  any bets on close?
[15:11] {Threei}  a bit down is my inclination
[15:11] {Threei}  nothing dramatic but some selling
[15:12] {dino} zzzzzzzzzzzzzzzzzzzz
[15:12] {dino} close bet, dji  +247
[15:14] {davd} close bet s&p 1208
[15:14] {dino} s/p 1199
[15:15] {Les} oh yeh SPY falling off 200/100ma support combo
[15:15] {davd} no way dino, this not dropping below 1200
[15:15] {dino} we'll see
[15:15] {davd} i hope you are right, however
[15:15] {Les} jeez dino a little bearish are we?
[15:16] {dino} just a bit
[15:16] {dino} major gaps to fill
[15:20] {Les} still holding SLW from yesterday +1.35 will sleep on it
[15:20] {Les} don't jinx me dino
[15:20] {dino} scmr lod
[15:20] {Les} c u's tomorrow
[15:21] {dino} cya
[15:21] {Threei}  take care Les
[15:23] {larisa} RIMM any takers?
[15:23] {Threei}  very tempting
[15:23] {larisa} did not reverse yet
[15:24] {Threei}  no, but watching like a hawk
[15:24] {nemo} burned my ass today on rimm
[15:24] {larisa} :(
[15:30] {Threei}  in
[15:31] {Threei}  stop under .85
[15:31] {Threei}  took .93, stop is negligibly tight
[15:31] {jfjf64} what ya in 3i
[15:31] {Threei}  RIMM
[15:32] {jfjf64} in
[15:32] {Threei}  kind of "whatever" setup
[15:33] {Threei}  nope
[15:33] {Threei}  out
[15:33] {Threei}  needs more selling
[15:36] {jfjf64} .85
[15:37] {dino} back in ten
[15:37] {jfjf64} next  min
[15:40] {Threei}  .80 break with stop under .75
[15:40] {Threei}  come on RIMM, any spine in you?
[15:41] {larisa} very trendy today :)
[15:41] {jfjf64} comon baby
[15:41] {Threei}  seriously, all I want is 10-15 cents
[15:42] {jfjf64} comon baby
[15:42] {Threei}  1:1, lol
[15:42] {Threei}  half out .89
[15:42] {Threei}  give me one more spike
[15:42] {jfjf64} k
[15:42] {Threei}  there you go
[15:42] {Threei}  a bit more please
[15:43] {Threei}  good girl
[15:43] {jfjf64} comon ya spineless B
[15:43] {Threei}  lol
[15:43] {Threei}  gentliness does it jf
[15:43] {Threei}  treat it with care
[15:43] {jfjf64} sometimes they lk that
[15:44] {jfjf64} lol
[15:44] {Threei}  here is my 15 cents
[15:44] {Threei}  this is what you came back for jf, right?
[15:45] {Threei}  one last bit of cash extracted from the market
[15:45] {jfjf64} you got it
06[15:45] * Threei slaps jfjf64 around a bit with a large roll of cash
[15:46] {jfjf64} have 1/4 left
[15:46] {jfjf64} stop .90
[15:47] {jfjf64} .89
[15:47] {jfjf64} comon  ya  spineless dog with  fleas
[15:47] {jfjf64} eat up 62
[15:48] {jfjf64} wow  all this  market  gettin  hit
[15:49] {jfjf64} 62
[15:49] {jfjf64} 62
[15:49] {jfjf64} 62
[15:49] {Threei}  {RIMM} Threei, jf is so rude to me...
[15:49] {jfjf64} comon 3i
[15:49] {jfjf64} ya never  met  a stock that  likes  that
[15:50] {jfjf64} out
[15:51] {jfjf64} ty
[15:51] {jfjf64} 3i
[15:51] {Threei}  welcome
[15:51] {Threei}  I like how you managed it
[15:51] {Threei}  and overrall, not a bad play to finish the day with
[15:51] {jfjf64} very nice
[15:51] {jfjf64} good night all
[15:52] {Threei}  take care jf
[15:52] {RonS} good day here...off to play w/ my new yamaha receiver...
[15:53] {jfjf64} enjoy rs
[15:53] {dino} cya ron
[15:53] {Threei}  have fun Ron
[15:56] {Threei}  guess who's on TV
[15:58] {Threei}  thank you all, have a good evening
[15:58] {Threei}  see you tomorrow
[15:58] {larisa} bye !
[15:58] {harth} See ya Thurs morn!