Thursday, December 9, 2010

Dec 09 2010

Nicely profitable day with some fine trades; particularly LULU treated us with gentle care. No interesting charts though.


Session Time: Thu Dec 09 00:00:00 2010
[08:32] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 421K V 425KE; CONTINUING CLAIMS: 4.086M V 4.24ME
[08:32] {Threei}  - Prior Initial Jobless Claims revised higher from 436K to 438K
[08:32] {Threei}  - Prior Continuing Claims revised higher from 4.27M to 4.277M
[08:37] {stewy} good morning
[08:38] {Threei}  stewy :)
[08:38] {RonS} g'day
[08:38] {Threei}  Ron :)
[08:51] {ese} morning
[08:51] {Threei}  ese :)
[08:51] {Threei}  how did the concert go?
[08:52] {ese} excellent......
[08:52] {ese} my bands and choir were on there game last night
[08:53] {Threei}  aren't they always
[08:53] {ese} pretty much
[08:53] {Threei}  at least all those times I attented, they sure were lighiting up the skies
[08:53] {ese} there still kids and they try hard
[08:54] {ese} ya ....we've done some good shows when you've been there
[08:54] {Threei}  I like to think that was for me personally
[08:54] {ese} teva.....semi cure for MS
[08:55] {ese} definitely
[08:55] {Threei}  thank you for letting me stay delusional
[08:55] {ese} anytime
[08:55] {Threei}  I like it this way
[08:55] {ese} lol
[08:55] {Threei}  masochists can have their bitter truth
[08:59] {harth} Good Morning!
[09:00] {Threei}  harth :)
[09:00] {ese} H
[09:00] {ese} h rather
[09:00] {stewy} gm ron, ese, dino, harth
[09:00] {ese} stew
[09:00] {harth} ese:)
[09:00] {RonS} lulu...one of the many things i just don't get
[09:01] {Threei}  no kidding
[09:01] {ese} hmmmm
[09:01] {Threei}  I even actually walked into their store
[09:01] {Threei}  still don't get it
[09:01] {dino} gm all
[09:01] {ese} dino
[09:01] {Threei}  but then again, neither do I get iphone, ipod, ipad
[09:01] {Threei}  dino :)
[09:01] {nemo} where am I?
[09:02] {RonS} me too...i mean come on, expensive yoga wear?
[09:02] {ese} lol
[09:02] {Threei}  still earth nemo, sorry to disappoint...
[09:02] {ese} mornin dude!
[09:03] {nemo} oh...lulumon
[09:03] {nemo} You have to look good for spiritual development...didn't you know?
[09:03] {RonS} lululemon
[09:03] {nemo} yeah, that too
[09:04] {Threei}  yes nemo, but that ship has sailed for me
[09:09] {Threei}  NVDA Apple will use Intel's new Sandy Bridge processors in its MacBook line starting in 2011, phasing out Nvidia graphics from at least some products - CNET citing sources
[09:17] {nemo} watched "Inception" last night...pretty good movie
[09:20] {larisa} gm :)
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:23] {jfjf64} mornin all
[09:24] {Threei}  jf :)
[09:27] {dino} fcx 2/1 plus 1 div
[09:30] {Threei}  looking at NVDA for possible short
[09:30] {Threei}  LVS too
[09:32] {Threei}  LVS, too jumpy
[09:33] {Threei}  .50 was the idea but it just teleported
[09:33] {Threei}  bounce
[09:33] {Threei} Short Setup: LVS  .40 break
[09:33] {Threei}  half lot
[09:34] {Threei}  if stays under .50
[09:34] {nemo} oh jeez
[09:34] {Threei}  nope
[09:34] {Threei}  this volatility is why half lot
[09:34] {nemo} got croaked on that
[09:36] {dino} mind the open gaps imo
[09:41] {Threei} Long Setup:  X  .75 break
[09:41] {Threei}  if stays above .65
[09:42] {Threei}  not a scalp if works
[09:43] {Threei}  1:1
[09:43] {Threei}  half out
[09:44] {Threei}  1:2, 1/4 out
[09:44] {RonS} .74 to .94 x thanks 3i
[09:44] {Threei}  :)
[09:45] {Threei}  :)1:3
[09:45] {Threei}  me out
[09:45] {jfjf64} tty
[09:47] {jfjf64} lvs
[09:47] {jfjf64} flyin
[09:47] {Threei}  it's jumping like crazy
[09:47] {Threei}  ahh, news
[09:48] {Threei}  (US) Nevada reports Oct casino rev $888.6M, +11% y/y; Las Vegas strip rev $494.8M, +16% y/y (related LVS WYNN MGM BYD BYI ASCA )
[09:49] {Threei}  Euro vs US Dollar Euro off NY morning's best levels as Peripherals Credit Default Swap continue to widen
[09:49] {Threei}  - Dealers circulate that perhaps another sovereign downgrade could occur (Fitch cut Ireland earlier today)
[09:49] {Threei}  - Ireland 5-year Credit Default Swap at approx 545bp; wider by over 10bps
[09:49] {Threei}  - Italian 5-year Credit Default Swap at approx 205bps; wider by over 10bps
[09:49] {Threei}  - Portugal 5-year Credit Default Swap widens to 450bps from 440bps earlier today
[09:49] {Threei}  - Spain 5-year Credit Default Swap widens to 325bps from 310bps earlier today
[09:49] {dino} josb sm l .10, thin
[09:53] {Threei} Long Setup:  CAT  .60 break half lot
[09:53] {Threei}  stop under .50 scapers, .45 day traders
[09:54] {Threei}  1:1
[09:54] {Threei}  all
[09:54] {jfjf64} ty
[09:55] {Threei}  yw
[09:56] {nemo} x kept going
[09:57] {jfjf64} wow
[09:58] {ese} L slw .89
[09:59] {jfjf64} stt killed
[10:01] {dino} 350m loss
[10:02] {Threei}  nice SLW entry
[10:03] {ese} tks
[10:08] {ese} 1/2 out .06
[10:08] {ese} 1500shs remaining
[10:11] {dino} josb stopped -.35
[10:11] {ese} now what the hell is the mrkts problem
[10:11] {dino} gaps
[10:16] {nemo} what up with line
[10:17] {Threei}  IR) Irish opposition Labor party confirms it will vote against the EU/IMF backstop package (EFSF)
[10:17] {Threei}  - REMINDER: in the budget vote earlier this week, all the measures passed with 82-78 votes. Earlier today it was reported that the Irish Parliament would vote on the EU/IMF package on Dec 15.
[10:17] {RonS} line i think is share issuance
[10:17] {Threei}  yeah
[10:17] {dino} irish govt has votes to pass it
[10:19] {nemo} in line .99
[10:19] {dino} mw sept gap fill
[10:20] {dino} all red
[10:26] {jfjf64} lvs  bounce
[10:26] {jfjf64} ??
[10:27] {nemo} 1/2 out .19
[10:27] {Threei}  when market finds the bottom, sure,
[10:27] {Threei}  but so far I don't feel it did
[10:27] {Threei}  nice one nemo
[10:27] {dino} gj
[10:28] {nemo} stop to .05?
[10:29] {nemo} lulu miht be a short below .50
[10:29] {Threei}  by all means
[10:29] {nemo} stop to .10
[10:29] {davd} re london protests, i wonder if this is a rebound market when europe closes day?
[10:30] {Threei}  I doubt market reacts on student protests
[10:30] {Threei}  AMZN Hackers purported to be planning denial of service attack on Amazon website following similar attacks on Mastercard and Visa yesterday - Twitter feed
[10:31] {Threei}  I seriously hope someone goes to jail for this crap
[10:31] {Threei}  frikin freedom fighters
[10:31] {dino} mw sm l .10
[10:33] {dino} josb sm l .76
[10:34] {nemo} line might be setting up another entry here folks, or a short ;)
[10:34] {Threei}  CA) BoC': Risks to financial sector have increase in recent months since June; speculators appear to be having a role in commodity prices
[10:34] {Threei}  - Risks to the domestic economy include the financial situation of households; chances for shocks to the property system have increased
[10:34] {Threei}  speculators appear to be having a role in commodity prices?
[10:34] {Threei}  really?
[10:34] {Threei}  who would have thought
[10:35] {dino} stt sm l .35
[10:36] {jfjf64} grr
[10:37] {nemo} anybody like wdr above 34?
[10:37] {jfjf64} missed  d/t x
[10:37] {jfjf64} vol  exposion
[10:37] {jfjf64} im sleepin
[10:39] {nemo} line broke again
[10:41] {dino} stt stopped -.36
[10:42] {dino} ndx filled
[10:43] {RonS} akam a skid
[10:44] {Threei} Long Setup:  LULU  .90 break half lot
[10:44] {Threei}  if stays above .75
[10:44] {Threei}  target is about 64.30 - .50
[10:45] {RonS} Akamai will not update outlook; shares fall       12/09 07:27 AM
[10:46] {Threei}  wow LINE
[10:47] {Threei}  ok LULU... let's see how agile your yoga made you
[10:47] {Threei}  you are a thing of beauty, tyou know that?
[10:47] {Threei}  out
[10:47] {Threei}  .40
[10:47] {Threei}  faster than I could say mama
[10:47] {nemo} ty
[10:47] {Threei}  +.47
[10:47] {Threei}  welcome
06[10:48] * Threei pats himself on the back
06[10:48] * Threei dislocates shoulder and regrest not doing that yoga
[10:48] {stewy} ty ty pure beauty
[10:48] {nemo} very nice...NOW FIND ANOTHER ONE!!!
[10:48] {Threei}  welcome sir
06[10:49] * Threei p[refers to be very polite with babies with strong British accent and dream of world domination
[10:49] {nemo} I'm still sitting on a half lot of LINE
[10:49] {Threei}  sheesh LULU
[10:49] {Threei}  Ron... we obviously don't get it
[10:50] {nemo} makes sense, retest the highs
[10:50] {Threei}  luckily, it doesn't porevent us from trading other traders
[10:50] {dino} htwr
[10:50] {jfjf64} ty
[10:50] {RonS} 9.1 mil sh short lulu...someone is getting it
[10:50] {jfjf64} +45 cents  lu
[10:50] {Threei}  nice jf
[10:50] {Threei}  easy button worthy
[10:50] {Threei}  where is that hunter
[10:50] {jfjf64} only  500 shares
[10:50] {Threei}  this is his trade
[10:51] {Threei}  he would have hit it with 3K, lol
[10:51] {RonS} HeartWare International Down 5% on Convertible Note Sale, Shareholder Offering       12/09 08:24 AM
[10:51] {nemo} Ese woulda' done 20k
[10:51] {Threei}  and strangle me if it didn't work
[10:52] {RonS} Pro-WikiLeaks Hackers Target Amazon.com For 11 AM ET Attack       12/09 08:30 AM
[10:53] {davd} i guess i have 8 minutes to go shopping?
[10:53] {RonS} lol
[10:53] {jfjf64} aig
[10:53] {Threei}  lol
[10:53] {jfjf64} wow
[10:54] {davd} fact is, imo, if they can take down amazon, they could take down the schwab or fidelty web sites.
[10:55] {nemo} lvs
[10:57] {nemo} line holding well against the market so far
[10:59] {dino} htwr sm l .51
[10:59] {nemo} O.k. I'm sitting on a trade and I'm thirsty
[11:00] {nemo} Do I: 1) take the chance run down stares to get water, or...
[11:00] {nemo} Just open the bottle of wine sitting next to me?
[11:00] {jfjf64} little  early  4 vino
[11:01] {jfjf64} no
[11:01] {nemo} depends on your time zone
[11:01] {RonS} amazon.com still up...
[11:01] {jfjf64} 11 am
[11:01] {jfjf64} guess ok
[11:01] {nemo} ty
[11:02] {jfjf64} gindan
[11:03] {dino} 11:00 am nemo?
[11:06] {RonS} akam sm l .56
[11:07] {jfjf64} lulu
[11:07] {jfjf64} hod
[11:09] {Threei}  full dollar
[11:09] {jfjf64} .05  break
[11:09] {jfjf64} ya lk
[11:10] {jfjf64} in
[11:12] {Threei}  dunno jff... feels about done to me
[11:13] {jfjf64} took  flat
[11:13] {Threei}  risk becomes way highwer than I'd prefer
[11:13] {jfjf64} want  faast  enougf  in money
[11:13] {RonS} are you saying that it's a bit stretched?
[11:13] {Threei}  well... stretched becomes overstretched and then stretches some more... :)
[11:13] {nemo} spread thin like butter over too much bread
[11:14] {Threei}  but in this case, it's just not worth the risk anymore
[11:14] {Threei}  also, my main concern is:
[11:14] {RonS} trying for a yoga joke 3i...
[11:14] {jfjf64} nemo  hv  nother glass of wine
[11:14] {Threei}  momo runners with wide sopreads and huge volatility are rarely breakout stocks
[11:14] {nemo} no..quoting a movie line
[11:14] {Threei}  pullbacks, yes
[11:15] {Threei}  breakouts... rare
[11:15] {Threei}  let the price come to you
[11:15] {nemo} speaking of aig
[11:15] {Threei}  chapter on Camouflage
[11:15] {jfjf64} aig
[11:15] {jfjf64} short time
[11:15] {RonS} sheesh...09:14 RonS trying for a yoga joke 3i...
[11:15] {Threei}  I know but let me remnd you:
[11:16] {Threei}  I don't understand anyone's jokes but my own
[11:16] {RonS} oh, OK
[11:16] {Threei}  it's a principled position
[11:17] {Threei}  for a while I considered making exception for Seinfield, but changed my mind after he told me to stick to my day job
[11:18] {dino} good choice
[11:18] {nemo} you mean your morning job?
[11:18] {Threei}  oh, and I did smile faintly at the guy who explained that burlesque is a sound that brick makes when drops in a bathtub
[11:20] {jfjf64} look x
[11:20] {nemo} been watching
[11:20] {jfjf64} db /t
[11:20] {jfjf64} selloff
[11:21] {nemo} 200 ma just about to kiss it, problem is pivot at .57
[11:22] {Threei}  .80 break seems to be a reversal trigger
[11:23] {jfjf64} wd think
[11:23] {jfjf64} stop.69
[11:23] {jfjf64} ya callin it
[11:24] {jfjf64} or thinkin  it
[11:24] {jfjf64} lol
[11:24] {nemo} he don't think
[11:24] {Threei} Long Setup:  X  .80 break
[11:24] {Threei}  if stays above .70
[11:24] {Threei}  don't insult me suggesting that I think
[11:24] {jfjf64} no  prob
[11:25] {Threei}  I will retaliate vigorously
[11:31] {jfjf64} battle
[11:31] {jfjf64} who gives up
[11:31] {davd} dems reject
[11:31] {jfjf64} more wine nemo
[11:31] {nemo} ty
[11:31] {Threei}  victory will be ours (stewie griggin)
[11:32] {Threei}  giffin
[11:32] {Threei}  1 cent to 1:1?
[11:32] {Threei}  come on
[11:32] {Threei}  market sudden drop
[11:32] {jfjf64} y
[11:32] {Threei}  let's trail to .74
[11:34] {Threei}  out
[11:34] {jfjf64} rat
[11:34] {Threei}  'twas a good trade
[11:35] {Threei}  developed by the book, then this market drop out of nowhere came
[11:35] {RonS} damn dems
[11:35] {nemo} stil in, it just touched the 200
[11:37] {nemo} nice akam rade
[11:37] {nemo} trade
[11:39] {RonS} out akam 52.16 +.60
[11:40] {RonS} thanks nemo
[11:41] {RonS} AKAM Sets long term targets for revenue to reach $5B - analyst day
[11:42] {RonS} ...got the move off this...lucky
[11:42] {Threei}  while it's quiet,
[11:42] {Threei}  whoever is as much a sucker for bright holidays lights as I am,
[11:42] {jfjf64} x
[11:43] {Threei}  http://photography.realitytrader.com/
[11:43] {jfjf64} rinces us
[11:44] {nemo} still in
[11:44] {nemo} big offer .81
[11:44] {jfjf64} nice oics
[11:44] {jfjf64} pics
[11:45] {jfjf64} no satas helpers
[11:45] {Threei}  sorry
[11:45] {Threei}  there were some but I was not allowed to pgotograph them
[11:46] {jfjf64} short .71
[11:48] {jfjf64} out
[11:49] {Threei}  act of reveneg?
[11:49] {Threei}  revenge
[11:50] {jfjf64} yup
[11:50] {jfjf64} stupid
[11:50] {jfjf64} ofcourse
[11:51] {jfjf64} wine  not  bad  idea  nemo
[11:51] {jfjf64} see ya little
[11:56] {nemo} lulu kept going
[11:57] {Threei}  LULU is insane
[11:57] {Threei}  so are people who buy their products
[11:58] {dino} htwr last try sm l .50
[12:02] {ese} L slw .40 avg .65
[12:09] {RonS} 3i, whr 85.00 break = Long?
[12:10] {Threei}  hmmm
[12:10] {Threei}  right chart, wrong time
[12:11] {stewy} 3i, teva possible break out?
[12:11] {Threei}  I doubt it...
[12:11] {Threei}  50/50
[12:12] {stewy} thx
[12:13] {Threei}  fight is coming
[12:13] {Threei}  (US) Senator Reid (D-NV) reportedly plans to introduce tax cut bill in the Senate later today
[12:13] {Threei}  - Separately, Speaker of the House Pelosi said she would not set a vote for the Obama tax compromise in its current form (update).
[12:15] {dino} like a bunch of high school kids
[12:27] {RonS} shoot...whr
[12:27] {dino} yoku
[12:28] {RonS} ono
[12:28] {dino} lol
[12:29] {RonS} yoku 2nd trading day?
[12:29] {Threei}  yeah, fresh IPO
[12:33] {RonS} bidu
[12:36] {Threei}  wow
[12:36] {Threei}  LVS
[12:36] {Threei}  what's with enthusiasm
[12:59] {dino} dji stuck in 5 pt range for hours
[13:00] {Threei}  thank goodness magoo ksn;t here, he wiould be biting my head off right about now
[13:00] {Threei}  (CA) Canada PM Flaherty: National debt will decline starting in 2012; fiscal stimulus scheduled to end after Q1 2011
[13:00] {Threei}  - Oil sands are an important component of the economy
[13:00] {Threei}  - The deficit will be completely removed by 2015, ratio of debt to GDP will fall to under 31% in 2015
[13:00] {dino} serioysly
[13:00] {dino} seriously
[13:05] {RonS} Treasury sells $13 bln in 30-year bonds at 4.41%       12/09 11:03 AM
[13:05] {RonS} Bidders offer $2.74 for each $1 in 30-yr debt sold       12/09 11:04 AM
[13:09] {ese} zzzzzzzzzzzzzzzzzzzzzz.........sort gzzzzzzzsnzzzzzzzzz.........zzzzzzzzzzzzzzzz
[13:09] {ese} still L slw avg .65.........i do however smell money here
[13:12] {RonS} ese, ya seen that Jeff Beck tribute show to remember Les Paul?
[13:13] {RonS} that guy is a great guitarist and nothing sounds like a Les Paul guitar
[13:14] {RonS} TV show on US public broadcasting stations
[13:15] {RonS} ...guess he fell asleep...and i feel like jf again...
[13:15] {jfjf64} ????
[13:15] {RonS} you know...when you say something and get no response
[13:16] {jfjf64} ahh
[13:16] {jfjf64} yes
[13:16] {jfjf64} got keep eye  on  ya  RS
[13:16] {jfjf64} lol
[13:16] {RonS} lvs winding up for a run?
[13:17] {jfjf64} worth  try
[13:17] {jfjf64} imo
[13:17] {jfjf64} tight stop
[13:21] {ese} hey Ron....ya I did see ....it was awsomethat
[13:21] {ese} Theres also a DVD of him at a club in England with that young lady on Bass whos 18 years old......unbelievable
[13:23] {ese} One of my favorite Jeff Beck takes is with him doing Superstition with Stevie Wonder........I believe Stevie wrote that tune for him......don't quote me on that one but i think thats the case
[13:24] {RonS} never seen much of Beck befor this...always concentrated on the beer...
[13:26] {dino} hbi drop
[13:26] {RonS} lol, was in the grocery store. they were playing a Stevie song and thought...man, that guy has a good voice
[13:27] {RonS} so many of his are so heavily instrumented that you cannot hear vocal quality
[13:28] {ese} Stevie Wonder?
[13:28] {nemo} I like SRV version too
06[13:28] * nemo slaps ese around a bit with a large collection of LPs
[13:28] {ese} lol
[13:30] {nemo} lvs .6
[13:30] {nemo} .64?
[13:30] {RonS} hbi crapping its drawers
[13:31] {dino} need a bottom
[13:32] {dino} gap 25.87
[13:41] {dino} apd
[13:43] {dino} arg drop
[13:44] {dino} odd 70 cash offer it drops
[13:45] {RonS} ya, i do not get this at all...apd up, apg down
[13:46] {RonS} may have to do w/ the Jan drop dead date...
[13:47] {dino} sure, but that was already known, why affect it now
[13:50] {RonS} arg sm l .02
[13:50] {dino} sm l .50 risky wide
[13:54] {Threei}  how does China claim being a poor country on climate talks?
[13:54] {Threei}  aren't we told every day it's a new powerhouse, and will take over the world any day now?
[13:55] {RonS} rope a dope?
[13:55] {RonS} yin/yang?
[13:56] {RonS} smarter than the other idiots?
[13:56] {Threei}  I juts want to know what kanguiage to study next
[13:56] {Threei}  language
[13:56] {RonS} uh...typing?
[13:56] {Threei}  as old soviet joke went (brace yourself Ron),
[13:56] {RonS} :D
[13:56] {RonS} lol
[13:57] {Threei}  optimists study English, pessimists study Chinese, realists study AK-47
[13:57] {RonS} jeez wanted .80 and wetn to .78...
[14:03] {RonS} out arf .68 +.64
[14:03] {RonS} .66
[14:03] {dino} gj
[14:03] {nemo} dog of a stock
[14:04] {dino} hence the arf
[14:04] {nemo} eqzaktly
[14:04] {Threei}  lol
[14:06] {Threei}  do you see house burn in california?
[14:06] {dino} wall at 62
[14:07] {Threei}  GLD
[14:07] {Threei}  what the deuce?
[14:08] {RonS} crude droppong like rock
[14:08] {dino} stopped .99 arg +.49
[14:08] {Threei}  so do GLD, SLW, X
[14:09] {Threei}  this bomb-filled house in Ca... another case where threat was discovered by pure chance
[14:10] {Threei}  how long till we run out of luck?
[14:10] {nemo} the system worked
[14:10] {Threei}  yeah, lol
[14:10] {Threei}  last time it was passengers
[14:10] {Threei}  now it's gardener
[14:10] {dino} fact of life
[14:11] {Threei}  inevitability of successful case is depressing
[14:11] {RonS} but Big Sis hired the gardener
[14:11] {Threei}  {--- looking for an excuse to start drinking early
[14:11] {dino} again, fact of life, can't do anything about it
[14:14] {Threei}  my gut says we go red
[14:22] {Threei} Short Setup: SLW  .15
[14:22] {Threei}  if stays under .25
[14:25] {Threei}  no go
[14:27] {RonS} Airgas Bd Of Directors To Review Revised Unsolicited Tender Offer From Air Products }ARG       12/09 12:26 PM
[14:28] {dino} just trades odd imo
[14:30] {dino} sm l .50
[14:31] {nemo} dramamine plese
[14:32] {nemo} 63.20 is 50% retracement
[14:32] {dino} ty
[14:33] {nemo} big resistance 64.50 area
[14:39] {nemo} arg not playing nice
[14:39] {Threei}  ROFL
[14:39] {Threei}  look at this
[14:40] {Threei}  PO) Portugal Fin Min: looking for new markets for debt sales; might consider selling debt to Brazil
[14:40] {Threei}  Brazil: you "might consider selling your debt" to us?
[14:40] {Threei}  Can we consider telling you off?
[14:41] {Threei}  Portugal Fin Min: but we need new markets, old ones do not buy anymore
[14:41] {Threei}  Brazil: as we said...
[14:49] {Threei}  London students attacked car carrying Prince Charles
[14:50] {Threei}  are on on the verge of total collapse of the social fabric?
[14:50] {Threei}  hackers, students, anarchy everywhere
[14:50] {RonS} it's hard to be weened...
[14:51] {dino} dogs and cats living together in sin...
[14:52] {Threei}  lol
[15:11] {dino} .
[15:18] {Threei}  wow... dead market even in the last hour?
[15:20] {dino} yeah
[15:30] {Threei}  arrest in cyber attack
[15:30] {Threei}  good
[15:30] {Threei}  out the imbecile away for 5 years
[15:30] {RonS} nine year old?
[15:30] {Threei}  dunno, no details yet
[15:31] {nemo} watch for .90 break on NE
[15:31] {nemo} I gotta' leave though
[15:32] {Threei}  look AIG
[15:32] {Threei}  atacks huighs
[15:32] {Threei}  highs topo
[15:33] {Threei}  16, Ron
[15:33] {RonS} lol
[15:34] {Threei}  cretines call themselves "hacktivists"
[15:37] {RonS} ese's student?
[15:38] {Threei}  lol
[15:39] {Threei}  Senate started vote count on Don't Ask Don't Tell
[15:39] {Threei}  do we dare ask?
[15:43] {dino} arg pop
[15:46] {Threei}  (US) PIMCO's El Erian: US policy makers are delaying decisions; "new normal" environment still exists
[15:46] {Threei}  - PIMCO raising 2011 US growth forecast citing massive stimulus effort.
[15:49] {Threei}  do they also lower 2012 foecast because of that same stimulus?
[15:49] {Threei}  or they believbe stimulus will be there for eternity?
[15:49] {Threei}  it's like they seriously believe that patient can function on articial heart machine, whatever you call it
[15:52] {Threei}  had we had more tiome, SLW .20 break would have been next trade
[15:54] {larisa} i have it at .40 ?
[15:54] {Threei}  ugh... GLD I meant
[15:55] {larisa} dyslexic
[15:55] {dino} arg sm l .90
[15:56] {Threei}  dikleksic
[15:56] {stewy} who said red end?
[15:57] {Threei}  not sure stewy, but he should caught, hooked through the upper lip and dragged by truck through the Wall Street
[15:58] {RonS} the macaque monkey...
[15:58] {dino} out mw +.31
[15:58] {Threei}  thank you all
[15:58] {Threei}  wtg dino
[15:58] {larisa} bye!
[15:58] {Threei}  have a great evening
[15:58] {Threei}  see you tomorrow
[15:58] {Threei}  unless I am drunk
[15:58] {Threei}  or, only if I am
[15:59] {stewy} thx for lurning egspearunce good night
[15:59] {harth} lol cya Fri!
[15:59] {Threei}  wow
[15:59] {Threei}  stewy learns fast

Wednesday, December 8, 2010

Dec 08 2010

Very strong day with trades working one after another for nice gains, and stops being few and far between, and very tight.
Our working assumption for today has been continuation of selling, as I had hard time seeing yesterday's selloff as one day phenomenon. It has been too intense, thus must have instilled some fear in traders, leading to more ship-jumping. Based on that, we looked for short entries and most of them worked nicely. While LVS, our bread-and-butter stock of late, was a beautiful short at 47.70, SLW chart has more educational value. The idea of the trade is a bear flag - bounce on decreasing volume. Note how volume drops off as price bounces back up. Two candles, 9:59 and 10:00, establish the resistance to place a stop, and break of support serves as a trigger for short entry. Note also how price holds firmly under 20 MA, and after the breakdown doesn't even try to go above Bollinger Bands median. To reinforce the lesson, have a look at the bounce 10:08 - 10:10 to see how volume dried up once again and price got smacked down in the same manner as before.




Session Time: Wed Dec 08 00:00:00 2010
[08:33] {davd} great headline - "Gold Declines as Advance to a Record Price Prompts Selling by Investors"
[08:34] {Threei}  lol
[08:34] {Threei}  good morning
[08:36] {Threei}  I can best that davd
[08:36] {Threei}  here:
[08:36] {Threei}  Nigeria files bribery charges against Dick Cheney
[08:50] {davd} that is too much :s i'm going back to sleep
[08:58] {RonS} gm everyone...talk about being lit up...orex...8.5 mil sh short
[08:58] {Threei}  Ron :)
[08:58] {Threei}  yeah, I think I posted news on the close
[08:58] {Threei}  it was halted at the time
[09:06] {harth} Good Morning!
[09:07] {RonS} harth the herald morning sing....sometimes can't help myself
[09:07] {Threei}  harth :)
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:14] {nemo} nice one Ron
[09:14] {dino} :D
[09:15] {Threei}  larisa :)
[09:15] {larisa} gm :)
[09:15] {RonS} born in Ohio...lots of corn there...
[09:22] {Threei}  so far my working assumption is: selling, taking us back to red and finishing in deeper red
[09:23] {Threei}  I would be vedry surprised if yesetrday's selling turned one day phenomenon
[09:23] {RonS} but nemo says...btfd...
[09:24] {jfjf64} mornin all
[09:24] {Threei}  jf :)
[09:24] {Threei}  LVS preparatory selling just hit
[09:24] {Threei}  daily looks solidly reversed to downtrend
[09:28] {Threei}  OREX...
[09:28] {Threei}  looks breaky
[09:28] {Threei}  will be extremely volatile
[09:30] {Threei} Short Setup: LVS  .70 break half lot
[09:31] {Threei}  if stays under .85
[09:32] {Threei}  1:1
[09:33] {jfjf64} OUT.54
[09:33] {jfjf64} TY
[09:33] {Threei}  :)
[09:33] {Threei}  in retrospect, regretting not taking .80 break
[09:34] {Threei} Short Setup: RIMM  .60 break, half lot
[09:35] {Threei}  stop above .75
[09:35] {Threei}  LVS 1:2
[09:36] {Threei}  or 1:3, I lost count
[09:38] {Threei}  LVS nears bounce time
[09:39] {Threei}  no go RIMM
[09:39] {dino} out msb .85, +1.00 from yesterday
[09:39] {Threei}  wtg
[09:39] {dino} lucky
[09:40] {Threei} Long Setup:  LVS  .90 break
[09:40] {nemo} how many horshoes you got up that orifice dino?
[09:40] {Threei}  too fast?
[09:40] {nemo} way
[09:40] {Threei}  grrr
[09:40] {Threei}  look at it go
[09:40] {jfjf64} DITTO
[09:40] {jfjf64} GRRRRRRRRRRRRRRR
[09:41] {nemo} orex drop
[09:42] {dino} slw sm l .65
[09:44] {jfjf64} hig news
[09:44] {jfjf64} ??
[09:45] {dino} cnbc this morning
[09:45] {Threei}  moves on symapthy with MET I think
[09:45] {Threei}  MET posted good guidance
[09:45] {dino} ugh msb
[09:46] {Threei} Short Setup: LVS  47 break
[09:47] {Threei}  if stays under .10
[09:47] {Threei}  invalidated
[09:47] {jfjf64} that  was  fast
[09:47] {jfjf64} lol
[09:47] {Threei}  .10 recross was right idea but happened even faster
[09:48] {jfjf64} grrrrrrrrrrrrrrrrrr
[09:50] {Threei}  now RIMM drops
[09:50] {dino} slw stop is .34 fwiw
[09:51] {jfjf64} patience
[09:51] {jfjf64} lvs
[09:51] {Threei} Short Setup: RIMM  .40 break
[09:52] {Threei}  if stays under .50
[09:52] {ese} morning....late...i miss anything
[09:53] {Threei}  ese :)
[09:53] {dino} stopped slw
[09:53] {Threei}  LVS just can't raise its head
[09:53] {Threei}  first short entry was perfect, covered a bit too soon eh
[09:54] {dino} random dance day so far
[09:55] {ese} i see you took another shot at slw......
[09:55] {dino} slw gap fill and more
[09:56] {dino} yes es, strike one
[09:56] {dino} another gap around 36.90
[09:57] {Threei}  RIMM doesn't cooperate
[09:57] {jfjf64} 2x
[09:57] {jfjf64} gimm a bat
[09:58] {jfjf64} still positive
06[09:58] * Threei slaps magoo around a bit with a large trout
[09:59] {Threei} Short Setup: SLW  .20 break
[09:59] {dino} josb sm l .88
[10:00] {dino} stop .56
[10:00] {Threei}  stop above .30
[10:00] {magoo} hi
[10:00] {Threei}  1:1 baby
[10:00] {Threei}  hey mags!
[10:01] {RonS} hey mags
[10:02] {jfjf64} welcome bk magsoo
[10:02] {dino} the hunter is back
[10:02] {Threei}  1:2
[10:02] {Threei}  I want note from parents
[10:02] {Threei}  1:3, out in full
[10:02] {dino} gj
[10:02] {Threei}  ty
[10:02] {jfjf64} gj
[10:03] {jfjf64}   F   K     RIMM
[10:03] {Threei}  yeah, there are other worlds
[10:03] {dino} better worlds
[10:03] {jfjf64} LOL
[10:03] {Threei}  1:4 btw
[10:03] {RonS} we are the world
[10:04] {Threei}  lol
[10:04] {dino} yeah, right
[10:04] {Threei}  working assumption is working
[10:05] {Threei}  mags, I think I know why your mirc connection didn't want to work... will have to fix it after the market
[10:05] {magoo} i figured u liked me out of room so much, u rigged it
[10:05] {Threei}  don't try to fix it, I will readjust room login for what you have set in there
[10:06] {Threei}  lol
[10:06] {jfjf64} slw
[10:06] {jfjf64} wowwwwwwwwwwwwwwwwwwwwwwww
[10:06] {Threei}  I would rather booby-trap it... for the pleaseure of seeing fireworks, you know
[10:06] {dino} someone say booby?
[10:06] {dino} josb stopped
[10:06] {Threei}  oops... did I unleash the monster?
[10:08] {RonS} josb sm l .40
[10:08] {dino} skx sm l .42
[10:11] {Threei}  selling is the name of the game so far, as called
[10:12] {magoo} u looking OREX vad?
[10:12] {Threei}  not yet
[10:12] {Threei}  was too volatile at the open
[10:12] {Threei}  better now
[10:13] {magoo} GS at high
[10:13] {magoo} no pllbk
[10:13] {ese} hell of a short with slw.......well done all
[10:13] {magoo} FCX vad, u looking for bounce?
[10:14] {Threei}  no, so far I am looking to short bounces
[10:14] {magoo} ok, im rusty
[10:15] {nemo} get anything mags?
[10:15] {jfjf64} slw   lvs
[10:15] {magoo} not yet, but spotted 2 big ones off where im allowed to hunt, so they are still here
[10:15] {jfjf64} dont look
[10:16] {jfjf64} grrrrrrrrrrr
[10:16] {magoo} going to keep trying next 3 days
[10:17] {magoo} me and ole mossyback smokey ghost got an apptmt with destiny :)
[10:18] {nemo} hehehe, I might go out again this afternoon...got an 8 pointer coupla'weeks ago.
[10:19] {dino} all red
[10:20] {RonS} nice job Fed...T yields marching higher...
[10:21] {Threei}  LVS seems to be bounce ready
[10:22] {Threei} Long Setup:  LVS  .15 break
[10:22] {Threei}  sheesh
[10:22] {magoo} IN
[10:22] {Threei}  not a scalp
[10:23] {magoo} hope no rinse
[10:23] {Threei}  OK, seciond chance
[10:23] {Threei}  got it this time
[10:23] {Threei}  1:1, half out
[10:23] {Threei}  stop to under .10
[10:24] {RonS} x sm l .50
[10:24] {Threei}  stop to under .15
[10:24] {Threei}  1:2
[10:24] {Threei}  1/4 more out
[10:24] {Threei}  stop is still b/e
[10:25] {Threei}  1:3
[10:26] {magoo} nice took .38
[10:26] {Threei}  welcome back present for ya {G}
[10:27] {magoo} might be another entry
[10:28] {magoo} reload, looking .75 area
[10:29] {dino} swm sm l .74 wide, thin
[10:30] {Threei}  1:4, out
[10:30] {dino} ltd sm l .75
06[10:30] * Threei slaps jfjf64 around a bit with a large roll of cash
06[10:30] * Threei slaps magoo around a bit with a large roll of cash
[10:30] {magoo} out .61
[10:30] {jfjf64} ahh
[10:30] {jfjf64} ty
[10:30] {jfjf64} lk those  slaps
[10:31] {jfjf64} patience 3i
[10:31] {jfjf64} you  didnt get ruffled  with  rimm
[10:31] {magoo} futes look weak
[10:32] {Threei}  why... it was just a trade that didn't work
[10:32] {Threei}  can't expect them all to
[10:32] {Threei}  normal ocurence
[10:32] {jfjf64} yes
[10:32] {Threei}  take stop, move on
[10:32] {nemo} Expectations the root of all suffering
[10:33] {Threei}  Tao wokrs in mysterious ways :)
[10:33] {nemo} just to us morons
[10:33] {Threei}  korreqt
[10:33] {jfjf64} that guy is a drunk
[10:33] {Threei}  which of us?
[10:33] {Threei}  oh... both...
[10:33] {jfjf64} tao
[10:33] {jfjf64} lol
[10:33] {Threei}  sorry for sillyu question
[10:33] {nemo} oy vay
[10:33] {dino} oat
[10:34] {jfjf64} magoo been  in the wood
[10:34] {jfjf64} wait  till he gets hold  of  mr tao
[10:35] {magoo} yup, all day yester w/branko dino
[10:36] {dino} cool
[10:36] {magoo} coulda blasted multi does and grouse
[10:36] {dino} hope he remembers to drain cabin
[10:36] {dino} i'm done for season
[10:37] {magoo} i shorted FCX from .30 to .76 here WOW
[10:37] {magoo} ty vad
[10:38] {magoo} actually from .39, thats even better
[10:39] {nemo} spy s1 at .39 lotta volume on downdraft
[10:39] {dino} gj
[10:40] {magoo} gj=go joe?
[10:40] {Threei}  nice mags
[10:40] {Threei}  not so rusty eh
[10:40] {magoo} like riding a bike
[10:41] {jfjf64} see what  that  buck  urine  will do
[10:41] {magoo} dino, u r not going out sat with don?
[10:41] {Threei}  rofl jf
[10:42] {jfjf64} watchi  met  3i
[10:42] {dino} no, don game, meg game
[10:42] {jfjf64} breakdn
[10:42] {magoo} ya i hear ya
[10:42] {jfjf64} ??
[10:43] {Threei}  can't tell which way it's headed jf
[10:43] {dino} down
[10:45] {dino} or up
[10:45] {Threei}  very helpful, thank you
[10:45] {jfjf64} ty
[10:46] {jfjf64} dino
[10:46] {dino} anytime
[10:54] {dino} dorm
[10:54] {jfjf64} de
[10:54] {jfjf64} bounce
[10:54] {jfjf64} watchin
[10:55] {dino} dorm gap fill
[10:56] {dino} msb sm l .20 wide, gappy
[10:57] {dino} gj josb ron
[10:59] {nemo} tck .74 stop under lod
[10:59] {dino} partial dorm l .51
[11:02] {magoo} wow FCX crossed 107 to .27
[11:03] {magoo} in .95
[11:03] {larisa} why wow? amazed at youself ? :)
[11:03] {larisa} or by.. dunno :)
[11:03] {Threei}  hehe
[11:04] {ese} L slw .76
[11:04] {magoo} it did it like 107 107.27
[11:04] {magoo} nothing in between
[11:04] {larisa} oh
[11:04] {magoo} out here .41
[11:05] {RonS} Treasury auction at 1 could be catalyst...
[11:05] {nemo} 1/2 out .90
[11:05] {RonS} nice ese slw
[11:07] {ese} tks
[11:07] {jfjf64} lvs  lower
[11:07] {jfjf64} imo
[11:07] {nemo} offering 1/4 mor .05 yep
[11:08] {nemo} stop to .99
[11:09] {magoo} whatcha got vad?
[11:10] {Threei}  trying to get the idea of the next move, recovery or smakdown
[11:10] {Threei}  and don't have clear indicaation yet
[11:11] {Threei}  overall, seem to me like there is more selling in cards, but it's not the time to start new shorts yet
[11:12] {nemo} out last 1/4 tck
[11:13] {nemo} stopped that is
[11:13] {RonS} out josb .70 +.30...wanted more but seems like selling day
[11:13] {dino} gj
[11:14] {dino} up, smackdown at 3
[11:16] {RonS} ...don't these wider yield curves help the banksters?  kinda strong today
[11:18] {ese} out slw .06 +.30
[11:19] {dino} gj
[11:19] {ese} i'm sensing lots of money to be made in this one somewhere
[11:19] {ese} tks
[11:20] {dino} metals/ mining in general
[11:20] {ese} ya
[11:20] {dino} they pulp trade lately
[11:21] {Threei}  nice ese
[11:22] {Threei}  isn't it interesting how our bread-and-butter stocks come in favor and disappear
[11:22] {Threei}  remember times when we played UAUA or WFC daily
[11:22] {dino} was just thinking thay
[11:22] {dino} that
[11:22] {ese} everythin is pulp trading seems like......seems like i make a good 1/2 dozen to a dozens trades these days before i get one that hits....
[11:22] {ese} dozen
[11:23] {Threei}  or DRYS
[11:23] {Threei}  or HIG
[11:23] {ese} ya i remember those......
[11:23] {dino} lot of rinses lately here
[11:23] {Threei}  long time affair with LVS, this one won our heart for longer time than most
[11:24] {Threei}  lately SLW started popping up more and more often
[11:25] {jfjf64} ya conclusion
[11:25] {jfjf64} ??
[11:25] {magoo} must adapt
[11:25] {RonS} feerings...
[11:25] {Threei}  well, first and most obvious conclusion is
[11:25] {Threei}  we day traders are promiscuous
[11:26] {dino} you snooze you lose
[11:26] {Threei}  second is,
[11:26] {RonS} screw anything that moves 3i?...:O
[11:26] {dino} hmm, don't tell my wife that
[11:26] {RonS} oops
[11:26] {Threei}  ummm... why limit ourseleves that much Ron??
[11:26] {RonS} edit
[11:27] {Threei}  second is, never feel safe and secure with any stock,
[11:27] {RonS} hated when you were on wfc...
[11:28] {Threei}  while they start getting this sense of being familiar
[11:28] {dino} axe murderer theory, "untrusting'
[11:28] {Threei}  tristed
[11:28] {jfjf64} just symbol  rs
[11:28] {Threei}  they will change at some point
[11:28] {jfjf64} why  ya  hate
[11:28] {Threei}  so be willing to change your darlings
[11:28] {jfjf64} ya hater
[11:29] {Threei}  but hey, Taoist Trader speaks about that
[11:29] {Threei}  so I'll just address you all to it :)
[11:29] {magoo} sh lvs .07
[11:29] {Threei}  WFC was one of more fickle ones Ron, yes,
[11:29] {Threei}  but FAS/FAZ were even worse, I think
[11:29] {nemo} lvs
[11:29] {magoo} looking .75 area
[11:29] {Threei}  we switched fast out of those
[11:29] {RonS} out x .35 ave at .48...+.13  undisciplined trade really
[11:30] {magoo} out
[11:30] {magoo} rinse
[11:32] {magoo} oh well, back in
[11:32] {RonS} fcx mags?
[11:33] {RonS} oh, lvs
[11:33] {magoo} yea
[11:33] {magoo} short
[11:34] {jfjf64} fas faz
[11:34] {jfjf64} we were in  bed  with them
[11:34] {jfjf64} seemed  lk
[11:35] {jfjf64} thats  when  i just  started
[11:36] {magoo} here it comes
[11:36] {magoo} wait .77
[11:36] {magoo} OUT
[11:39] {dino} out msb .20, +1.00
[11:40] {dino} hmmm
[11:42] {jfjf64} cof
[11:42] {jfjf64} capitulation
[11:46] {dino} tough crowd
[11:47] {dino} out ltp .15, +.40
[11:47] {dino} ltd
[11:54] {RonS} gj dino
[11:54] {dino} thx ron
[11:55] {RonS} check this out...LTM built a new $45 mil, 229000 sq ft rec facility 6 blocks from my house
[11:55] {RonS} been thinking of joining
[11:56] {RonS} exercise more, drink less
[11:56] {RonS} pay attention to Mr Tao and maybe...
[11:57] {RonS} will get to know my fave Chinaman better...
[11:57] {RonS} Mr Ka-ching...
[11:58] {dino} lol
[11:58] {RonS} btw, the core of Tao philosophy is...take care of yourself.
[12:06] {jfjf64} met
[12:06] {jfjf64} double top
[12:06] {jfjf64} daily
[12:06] {jfjf64} short??
[12:08] {dino} good report yesterday
[12:08] {RonS} sm l cwtr .79
[12:08] {jfjf64} strong
[12:09] {jfjf64} vol
[12:09] {jfjf64} wow
[12:17] {dino} mw lod soon
[12:17] {magoo} vad look orex
[12:17] {Threei}  looking
[12:17] {magoo} like 9 to me
[12:19] {Threei}  probably
[12:19] {Threei}  gravity takes ove
[12:19] {Threei}  r
[12:19] {magoo} cant pull up OVE vad
[12:20] {Threei}  what about R?
[12:20] {magoo} thats ok
[12:20] {Threei}  short that then
[12:21] {magoo} in lol
[12:21] {Threei}  ,lol
[12:22] {dino} mw sm l .20 stop .89
[12:29] {magoo} covered orex sh .30 from .61 ty vad
[12:29] {Threei}  wtg
[12:29] {magoo} not bad for "rusty" lol
[12:29] {magoo} beginners luck i guess
[12:30] {magoo} think 9 probable
[12:31] {dino} gj
[12:31] {magoo} not in here
[12:31] {magoo} go joe??
[12:31] {dino} yeah
[12:32] {dino} i'll go back to wtfg
[12:32] {magoo} LVS looking short
[12:32] {magoo} not in
[12:43] {nemo} mw
[12:45] {dino} in it
[12:45] {nemo} where?
[12:46] {RonS} 10:22 dino mw sm l .20 stop .89
[12:46] {Threei}  you assume magoo understands the time and can actually find an entry on the chart using time stamp, Ron...
[12:46] {Threei}  he is just from the forests
[12:47] {Threei}  determined time by sun and stars and direction - by moss on the trunks, for a month
[12:47] {dino} better known as swampthing
[12:47] {Threei}  lol
[12:48] {RonS} Adrianne Barbeaux
[12:49] {RonS} lead actress in Swamp Thing
[12:49] {magoo} thats lvs from m.30
[12:49] {RonS} ran around with a wet top
[12:50] {RonS} earned he an obvious nickname
[12:50] {RonS} her
[12:51] {magoo} well, it was a good feel short LVS
[12:51] {magoo} was 46.30 when i mentioned
[12:52] {magoo} boy its still a nasty p[layer LVS
[12:53] {magoo} vad, i need to leave for few, hope to catch end of day, u need me to correct mIRC?
[12:53] {magoo} or can u just reset it
[12:54] {Threei}  no, will do while you are out
[12:54] {Threei}  if I am successful, your mirc will just connect
[12:54] {magoo} thanx biss
[12:54] {magoo} sigh, boss
[12:54] {Threei}  if not, go back via mibbit, but use the password with 1 at the end this time
[12:56] {Threei}  disconnect pls so I could complete it
[12:58] {RonS} T auction in 2...
[12:58] {RonS} lol
[13:03] {Threei}  (US) TREASURY'S $21B 10-YEAR NOTE REOPENING DRAWS 3.34%; BID-TO-COVER RATIO: 2.92 V 2.99 PRIOR AND 3.28 OVER THE LAST 6
[13:03] {Threei}  Indirect bidders take 44.4% of competitive bids, with 8.71% allotted at high
[13:03] {Threei}  - 11.4% go to Direct bidders; 44.2% go to Dealers
[13:03] {Threei}  - Median 3.259%, Low 3.17%
[13:05] {RonS} tie sm l .75 stop .60
[13:07] {RonS} Treasurys ease losses after 10-year auction       12/08 11:06 AM
[13:11] {nemo} in ne .01
[13:12] {ese} L slw .25
[13:16] {nemo} 1/2 out .12
[13:16] {dino} husa
[13:17] {dino} husa sm l .05
[13:18] {nemo} rimm interesting chart
[13:32] {Threei}  (EU) ECB's Wellink: Reiterates Not in favor of eurobond idea being discussed among various ministers, as they would constitute an 'implicit subsidy' for weaker nations
[13:33] {RonS} err, would that not be explicit?...
[13:33] {Threei}  no kidding
[13:34] {dino} husa stopped -.33
[13:37] {nemo} still in NE...flossin' w/barbed wire
[13:38] {RonS} 3i, check cwtr L2...someone has a 100k sh bid...never seen it before
[13:39] {Threei}  thick stock...
[13:39] {Threei}  but yeah, it's abt too much
[13:39] {RonS} abt?
[13:39] {Threei}  a bit
[13:40] {Threei}  will be interesting to see if it's real
[13:40] {ese} am outta here....concert tonight....vad you coming? it's at my high school 7pm
[13:40] {Threei}  tak care ese
[13:41] {RonS} cya ese
[13:41] {ese} cya
[13:41] {Threei}  I doubt... wife works this evening
[13:41] {Threei}  it's a busy time for you musicians
[13:44] {nemo} NE consolidating above 35 an big offer .16
[13:45] {stewy} good day, all. late to the party.
[13:45] {Threei}  stewy
[13:45] {Threei}  missed really good day
[13:45] {stewy} thot you'd you'd say that
[13:45] {Threei}  :(
[13:46] {stewy} well, okay, sure beats gettin slapped around by a 2x4?
[13:47] {dino} stewy griffen
[13:48] {jfjf64} set ya alarm clock  stewy
[13:48] {stewy} had to look that one up -the 'family guy'
[13:48] {jfjf64} early bird  gets  the  BUCK
[13:48] {jfjf64} right magoo
[13:49] {jfjf64} lol
[13:49] {jfjf64} he bk in the woods
[13:50] {jfjf64} finnies up
[13:50] {jfjf64} ahh
[13:51] {jfjf64} guess im talkin to myself again
[13:54] {nemo} poor les....I mean jf
[13:54] {nemo} I got my best buck ever around noon
[13:55] {dino} lol
[13:57] {dino} husa news?
[13:58] {dino} div. all i see, .20
[13:58] {RonS} husa 3.9 mil sh short
[13:59] {Threei}  yup, special dividend
[13:59] {dino} .20 should not do this
[14:01] {dino} sm l .76
[14:01] {RonS} tired husa .50...never filled
[14:01] {RonS} tried
[14:01] {dino} i missed .60
[14:04] {RonS} out tie .60 -.15
[14:07] {dino} mw stopped -.31
[14:10] {Threei}  Some economists are now predicting it is only a matter of time before Ireland defaults.
[14:10] {Threei}  Some? Just now?
[14:13] {Threei}  amazes me it takes them this long to put 2 and 2 together... but read the whole thing
[14:13] {Threei}  http://www.spiegel.de/international/europe/0,1518,733522,00.html
[14:14] {Threei}  simple math:
[14:14] {Threei}  the cuts Ireland undertakes for the next year budget is just under $8 B
[14:15] {Threei}  or 6 B Euro
[14:15] {Threei}  now,
[14:15] {Threei}  If Ireland fully exhausts the EU bailout then it will double the national debt to 175 billion by 2014
[14:15] {nemo} guess beer salies will go down
[14:16] {Threei}  and the interest on that would come to 8.5 billion a year
[14:16] {Threei}  get this?
[14:16] {dino} trips to ireland
[14:16] {Threei}  interest alone will exceed their whole cut, and this is a very drastic cut
[14:16] {Threei}  Ireland is done
[14:17] {dino} a race to the bottom, sooner or later the euro w/be devalued, only way out aside from defaults. least painful
[14:18] {dino} you think they let usa devalue by itself, no
[14:18] {dino} or ireland opts out of euro
[14:20] {dino} and then spain, then port, and so on. either devalue the euro or end it
[14:21] {Threei}  Spain is the key
[14:21] {Threei}  Portugal is still relatively small
[14:21] {dino} germany is key, they have the money
[14:21] {Threei}  but when Spain collapses, that's it for Euro
[14:21] {dino} germany could kill the euro right now
[14:22] {Threei}  wel, I mean whose bankruptsy will seal the fate
[14:22] {dino} they will devalue it or its dead
[14:22] {nemo} euro=deutschemark
[14:22] {dino} yes
[14:22] {nemo} NE if it get's trhough .16
[14:22] {dino} ironically a weaker euro would help germany, big exporter
[14:22] {dino} they just fear inflation
[14:23] {dino} w/good reason
[14:31] {dino} svn drop
[14:31] {Threei}  but enough about Ireland, we have troubles brewing closer:
[14:31] {Threei}  (US) California Controller: Reevaluating use of IOUs, could implement usage in 2011
[14:31] {Threei}  - Note: Yesterday the California Gov Schwarzenegger declared fiscal emergency; calls special session of legislature to consider proposal to meet $9.9B budget gap
[14:42] {nemo} NE stop to .22
[14:44] {dino} smoke 'em if you got 'em, out husa .704, +1.30
[14:44] {dino} .74, +1.00
[14:44] {larisa} gj
[14:44] {RonS} gj dino...trade of the day...
[14:44] {Threei}  verrry nice
[14:44] {Threei}  overall, quite a day eh?
[14:44] {Threei}  everything works
[14:44] {nemo} he's just lucky
[14:45] {dino} 3 stops
[14:45] {Threei}  of course he is
[14:45] {Threei}  2 here
[14:45] {dino} 4 stops
[14:45] {dino} just wins are 2 to 3x
[14:45] {Threei}  but wins overdid those by such margin that I long forgot
[14:45] {dino} y
[14:46] {nemo} in orex .41
[14:49] {RonS} tgt nemo?
[14:49] {nemo} partialing with eventual around 10
[14:50] {dino} skx to flat all day sheesh
[14:54] {dino} skx stopped +.04
[14:56] {nemo} 1/2 out .54
[14:57] {nemo} sp pivot .20 see if it holds
[15:03] {nemo} out orex flat
[15:04] {nemo} hah! netted exactly .00
[15:04] {dino} out dorm +.39 at .94
[15:04] {dino} swm stopped -.15 ave
[15:10] {dino} josb lod
[15:11] {dino} ctrp  -5 from yesterday
[15:13] {nemo} orex rinse
[15:29] {Threei}  army of hackers attack websites that refused service to wikileaks
[15:29] {Threei}  including Mastercard and Amazon
[15:29] {Threei}  sheesh
[15:29] {dino} anarchy
[15:29] {Threei}  total
[15:30] {Threei}  I rarely if ever find myself siding with government, but in this case, wtf?
[15:31] {Threei}  IMO, selling is about to hit the fan
[15:31] {Threei}  OREX, if loses .0...5
[15:32] {Threei}  probably dives under 9 and more
[15:32] {nemo} we missed the failure at .54
[15:32] {dino} thats the pattern
[15:33] {Threei} Short Setup: OREX  .05 break
[15:34] {Threei}  if stays under .15
[15:34] {Threei} Short Setup: SLW  .15 if stays under .25
[15:35] {Threei}  AIG hatl
[15:35] {Threei}  American International Group, Inc Halted: news pending
[15:35] {Threei}  - Reminder: Earlier reports circulated that the Treasury was planning to sell more than $10B of its holdings in the company in 2011
[15:35] {dino} back in ten
[15:36] {nemo} that boy is regular...does it every day at this time
[15:39] {Threei}  (US) Reportedly SEC studying whether some trading practices like spoofing are in violation of SEC regulations
[15:39] {Threei}  - "Spoofing" occurs when a person trading in the stock markets uses a displayed limit order to manipulate prices, typically in The Nasdaq Stock Market, and thereby obtains an improper trading advantage.
[15:39] {nemo} look bids 07 orex
[15:39] {nemo} gone
[15:39] {nemo} wow
[15:41] {Threei}  1:1 OREX
[15:41] {davd} if it is, short goldman :)
[15:42] {Threei}  fake orders were there since internet invention
[15:42] {Threei}  suddenly SEC got interested?
[15:42] {Threei}  how do they forbid it, I want to know
[15:42] {nemo} nahhh...faux interest..gotta' look like they're doing something
[15:43] {Threei}  yeah
[15:43] {Threei}  you can't ban cancelling orders, can you?? :)
[15:43] {nemo} See...we care...we busted Martha Stewart
[15:43] {Threei}  all you can do is to apply some kind of time limit demanding that order stays alive for certain time
[15:43] {Threei}  2 second? 5?
[15:43] {Threei}  what on eareth does that change
[15:43] {davd} i think it might go to the policy of a trader?
[15:44] {nemo} it would kill hft
[15:44] {Threei}  nope
[15:44] {Threei}  why would it
[15:44] {nemo} nano secon orders
[15:44] {Threei}  HFT blooms when gets their bids and odders executed
[15:44] {Threei}  offers
[15:45] {Threei}  gets rebate, scalps the spread
[15:45] {Threei}  if everyone if forbidden to cancel within say 3 seconds from order placement, what do they care?
[15:46] {Threei}  OREX 1:2
[15:46] {Threei}  stewy... this was your special, as a latecomer :)
[15:47] {Threei}  let's trail SLW to .20
[15:48] {Threei}  do't want any loss exceeding 5-7 cents on the last trade
[15:51] {Threei}  OREX 1:4
[15:51] {Threei}  3
[15:52] {nemo} 8.73 was 38.2 fib retracement
[15:54] {nemo} NE finishing near the highs
[15:54] {stewy} you've turned the frown upside down:)
[15:54] {dino} .
[15:55] {Threei}  well, I hated that you missed such a good day
06[15:55] * nemo slaps stewy around a bit with a large rusty nail laden 2X4
[15:56] {Threei}  ok guys, thank you all
[15:56] {Threei}  have a good evening, see you tomorrow
[15:56] {stewy} initiation continues!  thanks, threei
[15:56] {harth} cya Thurs!
[15:58] {stewy} c u all
[15:59] {dino} calling it a day, thx all :D
[16:04] {dino} oxm drop

Tuesday, December 7, 2010

Dec 07 2010

Strange day with abnormal volatility, weird spikes both ways. Ended about flat, with no interesting charts to show. Oh well.

Session Time: Tue Dec 07 00:00:00 2010
[07:54] {davd} hi all gm
[08:10] {Threei}  (EU) German Fin Min Schaeuble: : Must recognize the trade imbalances in the Euro region and strive on achieving structural reforms
[08:10] {Threei}  good morning
[08:10] {nemo} debatable
[08:10] {Threei}  always is
[08:20] {nemo} Wow, Ron can sling it with the best of them
[08:28] {Threei}  (GR) IMF's Strauss-Kahn: Reiterates Greece will see economic growth by the end of 2011 and in 2012
[08:28] {Threei}  - Greece must combat tax evasion
[08:28] {Threei}  yeah, good luck with that
[08:29] {Threei}  it's ;like fighting use of vodka as a currency in Russia's backwater
[08:30] {Threei}  better yet:
[08:30] {Threei}  - Greece must combat tax evasion and achieve political consensus.
[08:33] {Threei}  XING Reports Q3 net income RMB 1.9M v RMB -130M y/y; R$54.8M v $76M y/y
[08:52] {nemo} call Dino, tell him to go back to bed
[08:59] {nemo} Ron...dcc
[09:02] {Threei}  this is funny headline:
[09:02] {Threei}  LULU Price Target raised to $40 from $32 at Jefferies; Reiterates Underperform rating (55.26, 0.00, 0.00%)
[09:12] {jfjf64} MORNIN
[09:13] {Threei}  jf :)
[09:15] {jfjf64} wow
[09:15] {jfjf64} look  C vol
[09:16] {Threei}  Citigroup Inc To triple presence in China, expanding branch network to 100 locations - China Daily
[09:16] {stewy} morning all
[09:17] {Threei}  stewy :)
[09:17] {Threei}  also, Cramer hyped it yesterday
[09:17] {Threei}  WikiLeaks founder Julian Assange to surrender to UK police after it secured European Arrest Warrant - BBC
[09:17] {Threei}  - Report also stating Swiss bank PostFinance froze Assanges account alleging he provided false information regarding place of residence.
[09:17] {Threei}  - NOTE: On Nov 30th interview, Assange mentioned he had leaks on Pharmaceutical, Energy, and Financial companies
[09:17] {harth} Good Morning:)
[09:18] {Threei}  harth :)
[09:18] {larisa} gm :)
[09:18] {nemo} harth vader...nahhhh
[09:19] {Threei}  larisa :)
[09:19] {larisa} :)
[09:19] {dino} gm all
[09:19] {dino} back in ten
[09:20] {Threei}  dino :)
[09:22] {harth} good one Nemo!
[09:23] {jfjf64} wow  2 .5 mil  order  C
[09:28] {ese} morning
[09:29] {Threei}  ese :)
[09:30] {RonS} gm everyone
[09:30] {jfjf64} RS
[09:31] {Threei}  Ron :)
[09:31] {Threei} Long Setup:  LVS  .75 break
[09:31] {Threei}  too fast?
[09:31] {nemo} yep
[09:32] {jfjf64} y
[09:32] {Threei} Long Setup:  RIMM  .80 break
[09:32] {Threei}  stop under .70
[09:34] {Threei}  no go
[09:38] {Threei}  SLW
[09:38] {Threei}  big dump
[09:39] {Threei} Long Setup:  X  .05 break
[09:39] {Threei}  if holding .95
[09:40] {Threei}  invalidated
[09:41] {ese} avgo dino
[09:41] {Threei} Long Setup:  GLD  .90
[09:41] {Threei}  if holding .80
[09:42] {Threei}  invalidated
[09:43] {jfjf64} cat  flyin
[09:45] {Threei}  wow SLW
[09:46] {Threei} Long Setup:  CAT  .35 break
[09:46] {Threei}  stop under .15
[09:47] {Threei}  1:1
[09:47] {nemo} what's 1:1?
[09:47] {Threei}  1:2crap... that was .25
[09:47] {Threei}  high at the moment
[09:47] {nemo} oh the stop?  yeah .20 I said...nahhh
[09:47] {Threei}  ?
[09:48] {nemo} .20 cent stop wasn't for me
[09:48] {Threei}  mistype, trigger was .25 break
[09:48] {Threei}  high at the moment
[09:48] {nemo} I understand
[09:49] {Threei}  back in trigger
[09:49] {Threei}  same setup
[09:50] {Threei}  something's strange with market
[09:50] {Threei}  abniormal volatility
[09:50] {Threei}  even fir the open
[09:51] {nemo} up so much.  it's above R3 pivot resistance...wile e. coyote moment
[09:51] {Threei}  mibbit problem?
[09:52] {RonS} dunno, i needed a reset...
[09:52] {nemo} clf interesting, just not sure which way
[09:52] {Threei}  (US) Preview: Nov IBD/TIPP Economic Optimism Index due out at 10:00ET
[09:52] {Threei}  **Consensus expectation: 47.2e v 46.7 prior
[09:52] {Threei}  no go CAT
[09:53] {Threei}  these sudden long red candles are very unusual
[09:53] {nemo} think spy bounces around .58
[09:56] {dino} back, got booted
[09:56] {dino} avgo watching, 25m insider sales
[09:56] {dino} sm l gil .52
[09:58] {jfjf64} lvs  break dn
[09:58] {jfjf64} ??
[09:58] {Threei}  can't tell
[09:59] {Threei}  normally market stabilizes within 5 min, maybe 10 after opening,
[09:59] {Threei}  today it stays wild for 30 min already
[09:59] {Threei}  let's wait numbers out
[09:59] {ese} L 1/2 avgo .13
[10:00] {Threei}  *(US) DEC IBD/TIPP ECONOMIC OPTIMISM: 45.8 V 47.2E
[10:01] {nemo} spy test support here
[10:03] {Threei}  SLW should be ready
[10:03] {jfjf64} cat  d/t
[10:06] {ese} dino ...do you ever add to positions or leave as is when you go in sm
[10:06] {dino} sm l .00 slw
[10:07] {dino} don't usually add
[10:07] {dino} my issue is usually 3 or 4 on at once
[10:08] {ese} was just thinkin about adding another 1/2 to avgo if it breaks .15
[10:08] {ese} ya i get ya
[10:08] {dino} where you in avgo?, .00?
[10:10] {Threei}  see how market finds no support?
[10:10] {nemo} either here or .30
[10:10] {dino} gap fill day maybe 3i
[10:11] {dino} feels like it
[10:12] {ese} .13
[10:12] {ese} should have been .00 but looked away for a minute
[10:14] {Threei}  looks like another pullback without setting new low should put a floor in
[10:15] {jfjf64} ??
[10:16] {Threei} Long Setup:  LVS  .95
[10:17] {Threei}  if stays above .85 for scalpers, .80 day traders
[10:17] {Threei}  not a scalp for me
[10:17] {Threei}  should be capable of 49.20 at least
[10:17] {nemo} in tck .81
[10:18] {dino} lnce, wtfc
[10:18] {Threei}  scalpers 1:1
[10:18] {dino} lnce sm l .74
[10:18] {nemo} 1/2 out .95
[10:19] {Threei}  day traders 1:1
[10:19] {jfjf64} ty
[10:19] {jfjf64} .09
[10:19] {jfjf64} lk  aggressive  entry
[10:20] {dino} out slw .40, +.40 ty vad for heads up
[10:20] {jfjf64} 49.00 was tough
[10:20] {jfjf64} nice
[10:20] {Threei}  beautioful play dino
[10:20] {jfjf64} 3i
[10:20] {jfjf64} gj  dino
[10:20] {Threei}  missed GLD reversal
[10:20] {dino} thx
[10:20] {Threei}  was looking at it for a while
[10:21] {jfjf64} comon
[10:21] {jfjf64} lol
[10:22] {ese} out avgo ..16 +.03
[10:22] {ese} goin nowhere fast
[10:27] {Threei}  LVS second target hit
[10:27] {stewy} threei, would you consider CAT  a salmon jbe?
[10:27] {Threei}  erlier, yes
[10:27] {Threei}  not now
[10:27] {stewy} thx
[10:27] {ese} onxx
[10:27] {Threei}  ea\rlier
[10:27] {nemo} rimm
[10:29] {ese} no momentum anywhere
[10:30] {Threei}  market breakdown or double bottom
[10:30] {Threei}  can't tell
[10:30] {Threei}  breakdown
[10:34] {ese} just don't have your patience dino....avgo up .14 on me the instant gratification guy
[10:35] {ese} am i still on the board
[10:35] {ese} yup
[10:35] {ese} got cut off then it popped back up again
[10:36] {dino} y
[10:36] {nemo} yes, unfortunately...I miss les
[10:36] {Threei}  (US) Republicans affirm stance against continuance of Build America bond issuance
[10:36] {Threei}  - Reminder: Earlier reports on the tax compromise with Obama detailed that the Republicans did not include an extension to the Build America Bond program; with the program expected to expire at the end of 2010
[10:37] {dino} skx sm l .65
[10:37] {Threei}  my gut says, we have a floor
[10:37] {Threei}  biunce from here
[10:38] {nemo} .30 is pivot support
[10:39] {Threei}  SLW
[10:46] {Threei}  this pullback is for entry, IMO
[10:46] {Threei}  SLW
[10:47] {Threei}  as close ro 40 as you can get
[10:47] {Threei}  I would be verty surprised if market made a new low anytime soon
[10:48] {Threei}  anyone caught it?
[10:48] {ese} L slw .20
[10:48] {Threei}  wow
[10:49] {Threei}  that's way higher than I had in mind
[10:49] {ese} a little high....but i just caught your post
[10:49] {Threei}  was .06 - 0.7 at the time of the comment
[10:49] {ese} yup
[10:50] {Threei}  works anyway
[10:50] {Threei}  (IR) Ireland Fin Min Lenihan outlines 2011 budget plan; sees small GDP rise this year; economic activity has been stabilized
[10:50] {Threei}  - Labor market also stabilized
[10:50] {Threei}  ***NOTE: Irish lawmakers to begin voting in lower house (Dail) during the evening local time; reports speculate voting to begin at around 14:00ET (19:00 GMT).
[10:50] {Threei}  - The initial vote today to cover excise duties and sales tax (VAT).
[10:50] {Threei}  - Media reports state the second part of budget vote may occur on Thursday 9th of December, which will cover social welfare.
[10:50] {Threei}  - Final vote to occur during the first quarter of next year, which is to cover general finance measures
[10:50] {ese} yup
[10:51] {ese} out slw .38 +.18 tks vad
[10:51] {Threei}  :)
[10:51] {Threei}  gut was right
[10:51] {ese} no sense in being greedy
[10:52] {Threei}  time of the "btoom" csll is 10:38, final low is 10:38
[10:52] {Threei}  call 10:37, sorry
[10:53] {ese} yup as per usual
[10:53] {Threei}  another chance is coming
[10:54] {Threei}  ugh, too fast
[10:55] {nemo} gmcr
[10:56] {dino} slw sm l .03
[11:00] {dino} lnce to .15
[11:00] {ese} l slw .19
[11:01] {ese} just hang in there dino ...I'll help drive slw up there for ya
[11:02] {nemo} geez gmcr
[11:02] {Threei}  what's with so high entries ese...
[11:02] {ese} i keep looking else where
[11:02] {dino} ok es
[11:02] {Threei}  so you missed it
[11:03] {jfjf64} cat   short
[11:03] {ese} i'm in 1/2  
[11:03] {Threei}  why chanse this high
[11:03] {jfjf64} imo
[11:03] {Threei}  dino grabs .03, I applaud
[11:03] {Threei}  you enter 16 cents higher, I am scared
[11:03] {Threei}  maybe I am easily scared, who knows :)
[11:04] {Threei}  but everything inside me protests such entries
[11:04] {ese} disciplined by the teacher.....embarased sobs ...on this end......abject rejection
[11:04] {nemo} methinks thou protesteth too much
[11:04] {Threei}  lol
[11:04] {ese} will not not be able to face tomorrow
[11:05] {jfjf64} die cat
[11:05] {ese} supreme embarasement in front of the rest of the board
[11:05] {nemo} nice jf, go after something with 9 lives
[11:05] {larisa} lol
[11:06] {dino} for shame
[11:06] {jfjf64} risk  4 cents
[11:06] {jfjf64} .96
[11:06] {jfjf64} short
[11:06] {nemo} just bustin'
[11:06] {jfjf64} pls  im  not  the  new  LES
[11:07] {nemo} I'll spread it around
[11:07] {nemo} He was my Randy Moss
[11:07] {ese} L slw 1/2 .01
[11:11] {jfjf64} somethi  gotta  give  cat
[11:12] {jfjf64} billion  shares   C
[11:13] {jfjf64} HASNT  MOVED
[11:16] {ese} out slw .22 +.10
[11:16] {Threei}  whew
[11:16] {Threei}  finally I can exhale
[11:17] {ese} lol
[11:18] {ese} 1/2 at .19 1/2 at .01....nothing to worry about chief
[11:18] {jfjf64} pull bk  mkt
[11:20] {Threei}  easy for you to say ese... but I am so worried about leader of opposition resigning right after the leader of ruling party
[11:20] {Threei}  we are so leaderless these days
[11:21] {Threei}  I even looked out the window this mornioong to make sure sun rises
[11:21] {ese} did Carol resign?
[11:21] {Threei}  yes
[11:22] {ese} oh my goodness....shes a friend of mine.....my kids played alot of her functions
[11:22] {Threei}  BC, the weirdest place opn earth {G}
[11:22] {nemo} and you live there
[11:22] {Threei}  fitting, don'tcha think
[11:22] {ese} always has been when it comes to politics
[11:22] {ese} theres the rest of Canada....and then theres BC
[11:22] {Threei}  for non-rwesidents, little detail, so you see the irony
[11:23] {jfjf64} die cat
[11:23] {jfjf64} 30 cents  nemo
[11:23] {Threei}  ruling party, right-ish wing, came to power in 2001 obliterating the opponenet, diminishing them to 2 seats in parlament
[11:23] {Threei}  won 3 elections in a row,
[11:24] {Threei}  then made huge mistake introducing new VAT-style tax
[11:24] {Threei}  and botching the intrioductuion badly
[11:24] {dino} gj jf
[11:24] {jfjf64} diff type  trade 4 me
[11:24] {Threei}  their polls dropped below the baseboard,
[11:24] {Threei}  opposition soared,
[11:24] {Threei}  leader of the ruling party resigned
[11:25] {jfjf64} die
[11:25] {Threei}  You'd think great times for opposition, right?
[11:25] {dino} lnce to .24
[11:25] {ese} thats what i thought
[11:25] {Threei}  uhhu... infighting starfts, and fraction fights make leader of opposition resign too, just on the verge on winning next election
[11:25] {ese} i know stupid
[11:26] {Threei}  selling hits again
[11:26] {Threei}  very nice tyrade jf
[11:26] {Threei}  trade too
[11:26] {dino} out lnce +.50
[11:26] {Threei}  wtg
[11:27] {dino} thx
[11:27] {dino} bonds crushed
[11:28] {jfjf64} out.57
[11:29] {jfjf64} 39 cents
[11:29] {dino} gj
[11:29] {jfjf64} ty
[11:31] {ese} L slw .29
[11:33] {ese} dino your slw positions gotta be lookin really good right now
[11:34] {ese} i do believe it's gonna take off
[11:34] {ese} if it gets past .40
[11:34] {dino} so far
[11:34] {ese} nice one
[11:35] {dino} thx
[11:42] {nemo} x db
[11:44] {dino} ltd sm l .75
[11:51] {ese} as in the ford LTD
[11:51] {dino} lol, had one in college
[11:52] {ese} my grampa had one
[12:00] {nemo} X at yesterday high
[12:08] {Threei} Short Setup: SLW  40 break
[12:09] {jfjf64} slw
[12:09] {Threei}  most likely just a scalp
[12:10] {Threei}  out
[12:10] {Threei}  .93
[12:10] {jfjf64} .94
[12:10] {Threei}  held better than I expected
[12:11] {Threei}  not even sure about 1;1
[12:11] {Threei}  slightest market bounce can catapult it back up
[12:11] {Threei}  1:1
[12:12] {stewy} thx, threei. rewards when
[12:12] {stewy} paying attention
[12:12] {Threei}  yeah, I too regret when I ignore myself
[12:13] {jfjf64} very rarly see ya do that
[12:13] {jfjf64} slw
[12:13] {Threei} Long Setup:  GLD  .55
[12:13] {jfjf64} not  ya 1/1
[12:13] {Threei}  if stays above .45
[12:14] {Threei}  true.. but things are somewhat unusual today, and I want to respect abnormal volatility
[12:14] {Threei}  1:1 GLD
[12:17] {dino} slv lod
[12:18] {Threei}  wow
[12:18] {nemo} what wow?
[12:18] {Threei}  watching GLD??
[12:19] {jfjf64} nemo sleepim
[12:19] {larisa} no, he watches X :)
[12:19] {nemo} x .55 bid
[12:19] {jfjf64} lol
[12:19] {Threei}  Bank of America Corp Reportedly BoA agrees to pay $36M to settle improper bidding procedures charges with SEC; other payments will total $101M
[12:19] {Threei}  - To settle the SEC's charges, BAS has agreed to pay more than $36 million in disgorgement and interest. In addition, BAS and its affiliates have agreed to pay another $101 million to other
[12:21] {stewy} usd marches higher
[12:21] {nemo} actually hungover
[12:21] {nemo} Monday night football
[12:22] {stewy} try four loko?
[12:22] {jfjf64} brady/bill   some match
[12:22] {nemo} yeah...pure excellence
[12:23] {ese} it's choir time....stopped out of slw .99
[12:24] {ese} cya tomorrow
[12:24] {dino} cya
[12:24] {stewy} take care, ese
[12:24] {jfjf64} cya ese
[12:24] {ese} stew jf
[12:27] {nemo} onxx bull flag
[12:28] {nemo} gmcr wedge
[12:33] {Threei}  (US) Moody's comments on Bush tax cut extension; feels there is a risk the tax cuts may be permanently extended after the 2 year time frame given political timing
[12:33] {Threei}  - Moody's notes there is little chance that the US ratings will be adjusted within 18 months to 2 years time
[12:35] {dino} we can only hope for permanent
[12:36] {jfjf64} d/b  lvs
[12:36] {jfjf64} ??
[12:37] {Threei}  nah
[12:39] {jfjf64} weak
[12:52] {nemo} how's the coma vad?
[12:53] {Threei}  enjoyable
[12:56] {dino} gfre
[12:56] {dino} sm l .25
[13:32] {dino}  .
[13:32] {nemo} =
[13:33] {RonS} O tv at 2:20 est
[13:33] {Threei}  yup
[13:33] {Threei}  tax deal
[13:35] {Threei}  LVS no bottom
[13:57] {Threei}  watchng LVS for 48 break short
[14:03] {Threei}  EU) ECB's Constancio: USD cannot be substituted in the medium term, IMF's SDR is not a substantive option
[14:03] {Threei}  - Notes that inflation fighting alone cannot deal with bubbles
[14:16] {dino}  that slw trades like pulp
[14:16] {nemo} fresh squeezed
[14:16] {dino} yes
[14:40] {Threei}  (US) President Obama: A long political fight over tax cuts would have been bad for the economy, still opposed to high end tax cuts and promises to end them in two years
[14:40] {Threei}  - Tax deal targeted at helping unemployment rate by helping to stimulate the economy.
[14:40] {nemo} he's out in two years
[14:41] {Threei}  - Declines to speculate on employment boost from tax deal, asserts only that it would "help the economy create jobs."
[14:41] {Threei}  unless sarah wins primaries
[14:42] {dino}  finally he admits tax cuts help create jobs
[14:43] {dino} extending unemployment from 99 weeks to 155 weeks, wow 3 years. under obamination his re-election slogan will be "re-elect me, you will never have to work again"
[15:00] {Threei}  what the?
[15:01] {nemo} What Obama say now?
[15:01] {Threei}  *(US) OCT CONSUMER CREDIT: +$3.4B V -$1.0BE
[15:02] {nemo} so, why does that make the market hiccup?
[15:02] {dino} stopped skx +.04
[15:02] {Threei}  no idea
[15:02] {Threei}  Prior revised lower to $1.2B from +$2.1B
[15:02] {Threei}  - Total consumer credit annual rate +1.7%
[15:02] {Threei}  - Revolving credit -$xB (25th straight decline; longest decline on record); -8.4% annual rate
[15:02] {Threei}  - Non Revolving credit +$xxB; +6.8% annual rate.
[15:04] {Threei}  I don't see anything anywhere to justify this sudden selloff
[15:04] {Threei}  whole day is very weird like this
[15:05] {Threei}  US Govt reportedly issues additional subpoenas in the insider trading investigation
[15:08] {Threei}  feels like another bout of selling is coming
[15:19] {Threei}  dino... you may be proven right about gap fill today if market keeps sekllinglike this
[15:19] {Threei}  that will be quite something, re close such gap same day
[15:22] {dino} msb
[15:22] {dino} getting close on gap
[15:22] {dino} msb gap fill lastbweek
[15:23] {dino} sm l .85 wide gappy
[15:24] {Threei}  selloff continues
[15:28] {Threei} Short Setup: SLW  .50 break
[15:29] {Threei}  invalidated for now
[15:31] {Threei} Short Setup: SLW  .60 break
[15:31] {Threei}  same idea, just looking for entry into bounce
[15:32] {dino} gut says up
[15:32] {Threei}  mine doesn't
[15:32] {dino} typical w/you/me
[15:32] {Threei}  mine says yours was right when called for gap fill
[15:44] {dino} rdwr hit
[15:44] {dino} news?
[15:44] {Threei}  no
[15:44] {Threei}  not yet anyway
[15:46] {Threei}  market's puking again
[15:46] {Threei}  just 12 points till red
[15:47] {Threei}  come on DOW
[15:49] {Threei}  good boy
[15:49] {Threei}  4
[15:49] {Threei}  1.5
[15:50] {Threei}  1
[15:50] {dino} s/p, ndx filled
[15:50] {Threei}  amazing
[15:50] {dino} last hours been strange lately
[15:51] {Threei}  wholeday today was vert strage
[15:51] {davd} i'm never amazed anymore.
[15:51] {Threei}  strange
[15:51] {dino} good way to be
[15:52] {davd} saying the drop because of subpoenas.  news + movement = reason!
[15:53] {dino} yeah, right
[15:53] {dino} talking heads
[15:53] {Threei}  lol
[15:54] {Threei}  useless too
[15:54] {dino} pretty much
[15:54] {dino} how about it dropped because it's snowing in pa
[15:54] {stewy} here's one:
[15:55] {stewy} it dropped cuz i started daytrading
[15:55] {dino} roflol
[15:55] {Threei}  red!
[15:55] {Threei}  my gut was right about your gut, dino
[15:55] {dino} y
[15:55] {Threei}  even though your gut hedged its bet {G}
[15:55] {dino} rdwr
[15:56] {Threei}  stewy... it's actually much easier to trade if market stops this neverending grind-up
[15:59] {stewy} easier to trade sounds too good to be true~
[15:59] {dino} out gil, +.15
[15:59] {davd} see, look at dino - an easy .15
[16:00] {dino} out gfre flat
[16:00] {Threei}  thank you all
[16:00] {harth} cya Wed!
[16:00] {Threei}  have a great evening, see you tomorrow which prmises to be an interesting day
[16:00] {stewy} thanks, all.
[16:00] {dino} unfortunately that was an all day .15
[16:01] {dino} hmmm, have to deal w/msb afterhours
[16:02] {larisa} bye!
[16:02] {dino} gn all

Monday, December 6, 2010

Dec 06 2010

Day started with two stops, but we got it back with two wins, and then this nice trade came along to save the day. Made Catch of the Day too.


Clear-cut example of a bull flag formation, applicable in any time frame. Shallow pullback on decreasing volume (annotated on the chart) is general idea of the trade. We also need a trigger and stop level to give us the structure of the trade; those levels are formed by the mini-range stock creates as it finishes forming the flag (again, see the chart). Pleasant side of this particular play was instant gratification as price spiked into 1:4 risk/reward almost immediately.





Session Time: Mon Dec 06 00:00:00 2010

[08:23] {Threei}  RMBS Guides Q4 R$85-93M v $42Me (R$40-50M prior guidance); cites newly signed patent license agreement with Elpida
[08:51] {Threei}  http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8182605/Chinas-credit-bubble-on-borrowed-time-as-inflation-bites.html
[08:57] {dino} gm all
[08:57] {Threei}  dino :)
[08:59] {davd} hi all
[08:59] {Threei}  see RMBS?
[08:59] {Threei}  davd :)
[09:02] {harth} Good Morning All:)
[09:02] {dino} :)
[09:02] {Threei}  harth :)
[09:02] {dino} rdwr
[09:09] {stewy} good morning everyone
[09:09] {RonS} gm, rmbs 6.3 mil sh short, 8.8 days to cover ave vol
[09:10] {Threei}  stewy, ron :)
[09:11] {Threei}  these 2x "misses" in estimates leave one highly suspicious of how the estimates are made
[09:11] {Threei}  Guides Q4 R$85-93M v $42Me
[09:11] {Threei}  say what? :)
[09:15] {ese} morning
[09:15] {Threei}  ese :)
[09:16] {ese} massively sick this morning.....aching bones the whole business.......anyone else with a christmas cold
[09:17] {Threei}  wow... you shouldn't kiss that sneezinbg santa helper I guess
[09:17] {ese} i know i know........
[09:18] {Threei}  but honestly, I can't blame you
[09:20] {ese} rdwr vrgy.....going nuts
[09:20] {ese} take over talk looks like
[09:21] {larisa} gm :)
[09:21] {ese} laris
[09:21] {Threei}  larisa :)
[09:21] {larisa} ese, vad :)
[09:24] {davd} fyi sndk downgrade
[09:24] {jfjf64} MORNIN
[09:24] {ese} dave jf
[09:24] {Threei}  jf :)
[09:24] {Threei}  with meaningful target 48 too, davd
[09:25] {davd} yea, i know, just wanted to make sure anyone of interest was fully informed.
[09:27] {Threei}  let's let RMBS calm down a little and see if there is something readable
[09:28] {ese} thats one heck of a nice daily chart rmbs
[09:29] {Threei}  yes but...
[09:29] {Threei}  gap is hirribly big, and the reasion is highly suspect
[09:29] {ese} hmmmmmmm
[09:29] {Threei}  and my typing is as always
[09:29] {Threei}  RIMM is flirting with green
[09:30] {Threei}  Euro vs US Dollar European stocks rally to session highs heading into NY open helped by chatter of a positive think tank report
[09:32] {dino} bth continues down
[09:32] {Threei} Short Setup: RIMM  .75 break
[09:32] {Threei}  if stays under .85
[09:32] {Threei}  invalidated
[09:36] {Threei}  RMBS looks ready for bounce
[09:36] {Threei}  small shares .25 break
[09:37] {Threei}  if holding above .10
[09:39] {Threei} Long Setup:  RIMM  .20 break half lot
[09:40] {Threei}  stop under .10
[09:40] {Threei}  no go
[09:40] {Threei}  RMBS invalidated
[09:42] {ese} hugh guidance up for rmbs
[09:43] {Threei}  double
[09:44] {ese} dino ya there.....DG
[09:45] {dino} y
[09:45] {dino} secondary
[09:45] {ese} dg another good q and dnf 2 bills
[09:45] {ese} down
[09:45] {dino} dead for day or two
[09:46] {dino} 25 m sh
[09:46] {Threei}  Amazon.com Inc Planning to launch an online streaming video product to compete with Netflix - Business Insider
[09:46] {Threei}  - The streaming package could get bundled in with Amazon's $79 per year Amazon prime service. Netflix's streaming video only service costs $95 a year.
[09:46] {Threei}  NFLX doesn't look scared
[09:47] {stewy} x consolidating?
[09:47] {dino} celg
[09:47] {Threei}  feels so
[09:47] {Threei}  62 break is a valid try
[09:48] {dino} celg odd
[09:48] {ese} that should be enough to kick start it up
[09:51] {Threei}  V invalidated
[09:51] {Threei}  X
[09:51] {ese} 21 looks really good for rmbs imo...that would be the in for sure point for me
[09:53] {Threei} Short Setup: FCX  .50 break half lot
[09:53] {Threei}  stop above .65
[09:56] {Threei}  no go
[09:56] {ese} vvus headed dn....errectile disfunction drug...interesting co incidence
[09:56] {Threei}  Monday curse is back or what
[09:59] {Threei} Long Setup:  AIG  .10 break
[10:00] {Threei}  just a scalp most likely
[10:00] {dino} celg sm l .26
[10:00] {ese} rmbs...1st short covering rally
[10:01] {Threei}  AIG 1:1
[10:01] {jfjf64} break  the curse
[10:02] {jfjf64} aig
[10:02] {Threei}  half of it for now anyway
[10:02] {Threei}  2 stops, so need another win to start anew, lol
[10:04] {ese} nice .10 there vad
[10:04] {ese} 50,000 shs.....?  you done for the day?
[10:06] {Threei}  I wish
[10:06] {ese} L rmbs 1/2.66
[10:06] {dino} celg stopped -.33
[10:08] {ese} L rmbs avg .69
[10:08] {RonS} hgsi...fda decision on that lupus drug punted for 3 mos and stock green
[10:09] {dino} cats and dogs
[10:09] {RonS} ?
[10:10] {dino} world messed up
[10:10] {Threei}  lol
[10:10] {Threei}  AIG 1:2 for patient types
[10:10] {Threei}  which is not me in this case
[10:10] {dino} sm l gil .55
[10:11] {dino} all green
[10:13] {Threei}  awww
[10:13] {Threei}  thought of RMBS .50 short
[10:13] {Threei}  and never found the cajones to call it
[10:14] {ese} stopped rmbs ..50 -.19
[10:15] {ese} you would have been correct
[10:19] {Threei}  watching LVS
[10:19] {Threei}  not sure for what yet, bounce or something else
[10:19] {dino} aro holds well w/gs sell
[10:23] {Threei}  not right time yet for LVS bounce, IMO
[10:26] {dino} aro sm l .15
[10:27] {Threei}  LVS
[10:27] {Threei}  dive under 49 and cross back if holding .90 is long
[10:29] {Threei} Long Setup:  LVS  49 break if holding above .90
[10:30] {Threei}  1:1
[10:34] {jfjf64} nice
[10:34] {jfjf64} trade
[10:34] {jfjf64} lvs
[10:35] {Threei}  remediated the stops
[10:35] {Threei}  we are even, market and I
[10:35] {jfjf64} yes
[10:35] {Threei}  time to pull ahead
[10:35] {jfjf64} yes
[10:35] {jfjf64} lk ya style
[10:35] {jfjf64} lol
[10:35] {jfjf64} now  we  send  it  to  the  moon   ALICE
[10:41] {Threei}  don't oversit it jf
[10:41] {dino} forr?
[10:42] {jfjf64} IM  LONG GONE
[10:42] {Threei}  OK
[10:42] {Threei}  I don't see any news for FORR dino
[10:43] {ese} what makes this stock tick...oxps.....options express.......3 days 3 huge gaps up
[10:44] {dino} $3 dividend i think
[10:44] {Threei}  declared huge dividend a few days ago
[10:44] {Threei}  4.50
[10:45] {ese} ok thats huge
[10:45] {ese} is it a big clearing house or something like that
[10:48] {Threei}  ECB's Bini-Smaghi: EMU backstop fund (EFSF) is big enough for the time being - CNBC taped interview
[10:48] {Threei}  - Notes the euro is still a relatively young currency and is being tested more than other currencies
[10:48] {dino} they will have to open the printing presses or the euro is toast, imo
[10:49] {Threei}  well, printing just wins them some time....
[10:49] {Threei}  whole thing is crambling
[10:49] {dino} it's that or default
[10:49] {jfjf64} chk
[10:49] {jfjf64} watchin
[10:50] {jfjf64} .50 ton  of shares
[10:52] {jfjf64} .48  short
[10:53] {jfjf64} tight  stop .51
[10:54] {dino} lxtc sm l .00
[10:54] {dino} ltxc
[10:56] {jfjf64} eats  .45
[10:57] {jfjf64} sd  drop
[10:57] {ese} L rmbs .23
[10:58] {Threei} Short Setup: X  .80 break
[10:58] {Threei}  invalidated
[11:00] {jfjf64} mtw
[11:00] {jfjf64} .36 break
[11:01] {jfjf64} 5 min lokks good
[11:01] {jfjf64} imo
[11:02] {ese} L rmbs avg .33
[11:04] {jfjf64} in
[11:05] {RonS} mtw...lbo rumors...
[11:05] {jfjf64} sit  back  and  mk  some  cash
[11:06] {jfjf64} lol
[11:06] {jfjf64} im using 5 min  chart
[11:06] {jfjf64} might tk little
[11:07] {jfjf64} 10 min  looks wonderful
[11:07] {jfjf64} also
[11:11] {jfjf64} out.45
[11:13] {Threei} Long Setup:  GLD  .40 break
[11:13] {Threei}  if stays above .30
[11:14] {Threei}  aggressive entry for .50 break setup
[11:15] {Threei}  if works, planning to sell half near .50 and ride the break and rally
[11:15] {Threei}  nice spike
[11:15] {Threei}  one more please
[11:17] {Threei}  1:1, half out as planned
[11:17] {Threei}  1:2 1/4 more
[11:17] {Threei}  missed 1:4
[11:18] {Threei}  was it a pure unbridled beauty or what
[11:19] {Threei}  1:3
[11:19] {Threei}  oulling ahead
[11:19] {Threei}  pulling too
06[11:19] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:20] {dino} partial bth .91 l
[11:20] {Threei}  best trade of the day, no single taker?
[11:20] {Threei}  you all asleep?
[11:20] {stewy} guess i'm not worthy of
[11:21] {stewy} unbridled beauts
[11:21] {Threei}  lol, say what?
[11:21] {stewy} didn't get it
[11:21] {Threei}  Goldman Sachs head bond strategist Garzarelli: prefer stocks and corporate bonds over US Treasuries
[11:22] {stewy} but i see the setup clearly
[11:22] {Threei}  why? .40 break was fairly slow
[11:22] {Threei}  and even gave a second chance
[11:22] {Threei}  pulled back to .35 after a break
[11:23] {stewy} was watchin x; must stick to one at a time, right?
[11:23] {Threei}  that's what our wives say
[11:23] {stewy} so you have more than one?
06[11:23] * Threei notices larisa and ilana, hides behind the big rock
[11:32] {jfjf64} nice  gld
[11:32] {jfjf64} 3i
[11:32] {jfjf64} we  +
[11:32] {Threei}  ty
[11:32] {Threei}  we are
[11:32] {Threei}  starting day with two stops and three invalidations, took dedication to break the trend
[11:33] {jfjf64} faith =3i
[11:33] {jfjf64} modays  always  mk ya  wk
[11:36] {dino} manic monday
[11:50] {ese} L rmbs avg still .33
[11:56] {dino}  bth stopped
[11:59] {Threei}  dion't forget to look at today's Catch of the Day guys
[12:00] {Threei}  GLD trade broken down with annotations on the chart so you can see the reasoning
[12:00] {Threei}  and trade structure
[12:00] {Threei}  first one who asks where to look gets trouted
[12:02] {Threei}  (GR) Greece PM Papandreou: targeting moving out of crisis by 2013
[12:02] {Threei}  - Believe eurobond idea needs serious consideration.
[12:02] {davd} i think i need to get trouted, not sure where to look?
[12:02] {Threei}  http://tradinglog.realitytrader.com/
06[12:02] * Threei slaps davd around a bit with a large trout
[12:02] {davd} just in time for us to get out of afghanistan by 2014
[12:02] {Threei}  lol
[12:03] {Threei}  that's trading log, updated each day after the market close,
[12:03] {Threei}  on the days when we have interesting educational chart blue blurb on the top shows it
[12:03] {stewy} u posting it at the other place?
[12:03] {Threei}  like this one
[12:04] {Threei}  http://tradinglog.realitytrader.com/2010/12/nicely-profitable-day-with-various.html
[12:04] {Threei}  other place?
[12:04] {Threei}  or http://tradinglog.realitytrader.com/2010/12/dec-01-2010.html
[12:04] {stewy} cara
[12:04] {Threei}  oh yes
[12:04] {Threei}  but they have no trading log there
[12:05] {Threei}  chart with comments only, so if you want to see details of the trade call, you can see them in the log only
[12:06] {stewy} thx
[12:07] {Threei}  market stalled
[12:08] {Threei}  you still in RMBS ese?
[12:09] {RonS} i am
[12:09] {Threei}  looks like has a good chance to resume slow creep upward
[12:10] {Threei}  stop is tight enough from here
[12:10] {Threei}  break of .50 should launch faster move
[12:11] {RonS} l rmbs small, will cue for that 3i
[12:14] {RonS} whr sm s .40
[12:15] {ese} hi vad yup........
[12:15] {Threei}  looks good so far... requires patience though
[12:16] {ese} been building a position in it avg .33 3k so far........but thats as far as i think i will go for a position
[12:18] {Threei}  FNM/FRE say no foreclosures during two weeka of holidays
[12:18] {Threei}  isn't that nice
[12:18] {ese} at 11:16 eastern it looked like it was a reverse head and shoulders but has now formed dinos double bottom 11;40 eastern....that looks much stronger and i believe it up from here
[12:19] {ese} it's
[12:19] {Threei}  I don't want any details on what "dino's double bottom" means
[12:20] {ese} ahhhhh ok....didn't mean to upset you.......it'll never happen again
[12:20] {Threei}  lol
[12:20] {Threei}  here comes RMBS
[12:20] {ese} target is .00 by the way
[12:23] {ese} I have to admit day trading can be a very civilized way to make a living
[12:23] {ese} ahhhhhhh!!!!!!!!! ohhhhhhhhhh my god!!!!!!!!!!!!!! whats happening.............
[12:23] {ese} phewwwww........nothing.......i'm ok now
[12:24] {jfjf64} ya scaring me ese
[12:24] {ese} lol
[12:24] {ese} you?......damn....i scare myself most times
[12:25] {Threei}  civilized?
[12:25] {jfjf64} you  gotta start  beatin  ya  drum  louder  when that happens
[12:25] {Threei}  you mean meeting an investor on the road, putting knife to his throat and taking 15 cents on 5K shgares from him is civilized?
[12:26] {jfjf64} easy  3i
[12:26] {jfjf64} ya not in russia anymore
[12:28] {ese} well.........i've come to believe it's civilized
[12:30] {jfjf64} gld
[12:30] {jfjf64} bounce
[12:30] {jfjf64} ??
[12:31] {Threei}  I'd orefer it to retest .80 once again
[12:31] {Threei}  and of holding, buy a break of .90
[12:31] {Threei}  so it would be a clear double bottom
[12:31] {jfjf64} ty
[12:31] {Threei}  guess who is on tv
[12:32] {jfjf64} nemo
[12:32] {Threei}  where is that drunkard btw
[12:32] {jfjf64} lol
[12:32] {jfjf64} hangin  with  les
[12:34] {jfjf64} mkt poppin
[12:35] {Threei}  LVS
[12:35] {Threei}  watch for dive under 49, little hesitation, holding abive .90 and cross of 49 again for long trigger
[12:40] {jfjf64} dirty dog with fleas
[12:40] {Threei}  no chance for entry... oh well
[12:43] {jfjf64} gonna get lunch  talk  little
[12:47] {Threei}  whoa
[12:47] {Threei}  LVS
[12:47] {Threei}  and I jst started typing .30 short alert
[12:47] {Threei}  news hit obviously
[12:49] {Threei}  no news here still
[12:54] {Threei}  so... what was it?
[12:58] {RonS} i still have nothing lvs
[12:58] {Threei}  neither do I
[12:59] {Threei}  there is a negative headline on LPS
[12:59] {dino} lps
[12:59] {Threei}  can it be that audio news clinets got them mixed up?
[12:59] {dino} nwn
[12:59] {dino} abm
[13:00] {Threei}  LPS Ticking lower on report that LPS may have produced more faulty foreclosure documents than previously suspected (29.89, -1.13, -3.64%)
[13:03] {Threei}  PKE
[13:04] {Threei}  special dividend $1/share
[13:06] {Threei}  US) Fed's Lacker: Additional expansion of the balance sheet may create more complications in withdrawl of stimulus due to need for a more 'rapid reduction' of balance sheet at a later date
[13:13] {Threei}  lol
[13:14] {Threei}  according to wikileaks, high ranking chinese official found unflattering comments about himself while googling his name
[13:14] {Threei}  which started whole China vs Google thing
[13:26] {dino} lol, if it was a chinese citizen, they would've just shot him
[13:26] {Threei}  totally
[13:36] {ese} I gotta go all....am still L rmbs .33,,,,cya tomorrow.....what can i say it's concert season
[13:37] {Threei}  take care ese
[14:09] {Threei}  Hearing Morgan Stanley makes cautious comments on Natural Gas names
[14:09] {Threei}  - Says 2011 outlook could be negative catalysts.
[14:19] {Threei} Long Setup:  SLW  .60 break
[14:19] {Threei}  if stays above .50
[14:27] {Threei}  it was 2 cents from 1:1... I'd say let's trail to under .55
[14:27] {Threei}  tighten risk control
[14:29] {Threei}  ok... no means no
[14:29] {Threei}  should have taken scalp I guess
[14:35] {Threei}  RDWR Moves higher as Cramer rehashes earlier press reports of a possible deal in the mid $40/shr range
[14:35] {Threei}  - Reminder: Earlier Israeli press cited a possible offer from Riverbed that may trump an HPQ offer (related HPQ RVBD FFIV CSCO JNPR )
[14:57] {dino} ice sm l .50
[15:02] {Threei}  darn SLW
[15:02] {Threei}  rinsed us
[15:04] {Threei}  lousy 6 cents but still
[15:09] {dino} ice to .65
[15:10] {dino} out +.65
[15:10] {dino} opps +.15
[15:12] {Threei}  4.5 times less nice but nice anyway
[15:16] {dino} slow day
[15:17] {Threei}  yeah... vreep up
[15:17] {Threei}  creep too
[15:18] {jfjf64} lvs
[15:18] {jfjf64} inv   c/h
[15:19] {jfjf64} .15  break
[15:19] {jfjf64} sittin lk a snipper
[15:26] {dino} out gil +.05
[15:30] {jfjf64} lvs
[15:31] {jfjf64} crosshairs ready
[15:32] {jfjf64} fire
[15:33] {jfjf64} die
06[15:34] * Threei hits LVSA over the head woth 2x4
[15:34] {jfjf64} comon
[15:35] {jfjf64} relode
[15:35] {dino} lol jf, spelling/typing curse of vad
[15:35] {Threei}  sigh
[15:35] {Threei}  lol
[15:36] {dino} back in ten
[15:36] {jfjf64} .20 key
[15:39] {jfjf64} leg dn  lvs
[15:39] {jfjf64} jf  reminds  himself  stop  ther  4  treason
[15:42] {jfjf64} little sellin  pressure   bg winner
[15:45] {dino} lol, now talking to yourself
[15:45] {jfjf64} y
[15:45] {jfjf64} e
[15:45] {jfjf64} s
[15:45] {Threei}  why not... I do, day after day
[15:45] {dino} me too
[15:45] {Threei}  even self doesn't always honor me with answer
[15:46] {jfjf64} relode
[15:46] {jfjf64} fire
[15:46] {jfjf64} damn
[15:48] {jfjf64} 1/1
[15:48] {jfjf64} halfout
[15:49] {Threei}  nice
[15:49] {jfjf64} stop breakeven
[15:49] {Threei}  if we had more time, this RIMM chart would have me looking for a break
[15:51] {jfjf64} hit it baby
[15:51] {Threei}  nice breakdown
[15:51] {Threei}  good persistence, jf
[15:52] {jfjf64} done
[15:53] {dino} gld spike
[15:53] {dino} gj jf
[15:54] {jfjf64} ty
[15:54] {jfjf64} had a plan
[15:54] {jfjf64} lol
[15:54] {jfjf64} market  was  movind  higher
[15:54] {jfjf64} she wasnt budging
[15:55] {jfjf64} that  was  key
[15:55] {jfjf64} imo
[15:55] {jfjf64} look  this  bad  boy  now
[15:56] {Threei}  yup
[15:58] {Threei}  wow, are we finally going to have a red close?
[15:58] {Threei}  true rarity lately
[15:59] {Threei}  ok guys, thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {jfjf64} ty
[15:59] {dino} cya
[15:59] {jfjf64} cya dino
[15:59] {Threei}  spot gold all time new high btw
[15:59] {jfjf64} what is  it
[15:59] {Threei}  gold
[16:00] {jfjf64} yes
[16:00] {Threei}  it's a nice-lloking yellowish metal
[16:00] {Threei}  but that's not important right now
[16:00] {jfjf64} price
[16:00] {jfjf64} der
[16:00] {Threei}  1422.5
[16:00] {jfjf64} im lazy
[16:00] {jfjf64} wow
[16:01] {Threei}  that was homage to Leslie Nielsen btw
[16:01] {dino} cya jf
[16:01] {harth} I got it, cya Tues
[16:01] {Threei}  :)
[16:02] {dino} want to see a paint the tape, look bth close
[16:02] {dino} pushed it 2 bucks
[16:02] {stewy} good night all. c u tomorrow
[16:02] {dino} gn