Session Time: Fri Mar 25 00:00:01 2011
[08:34] {Threei} *(US) Q4 FINAL GDP Q/Q ANNUALIZED: 3.1% V 3.0%E; PERSONAL CONSUMPTION: 4.0% V 4.1%E
[08:47] {nemo} rimm at resistance
[08:51] {Threei} Japan just can't catch a break
[09:05] {dino} gm all
[09:06] {Threei} dino :)
[09:07] {RonS} gm gents
[09:07] {Threei} Ron :)
[09:07] {nemo} rimm was a great short at resistance
[09:14] {Threei} how many folks holding RIMM for their tablet release got eaten alive overnight
[09:14] {dino} miliionsmillions
[09:14] {_svetlanab} Good morning
[09:14] {dino} rimm gets brutalized on earnings alot
[09:15] {Threei} svetlana :)
[09:15] {Threei} now and then it also gaps up on earnings - just often enough to encourage brave souls to hold
[09:15] {Threei} only to slaughter them next time around
[09:16] {Threei} and then it's all too familiar "oh well, it's going into my long term account, sooner or later it will be back"
[09:20] {rambler} morning folks....
[09:20] {Threei} rambler :)
[09:23] {Threei} saw last poll?
[09:23] {rambler} no
[09:23] {Threei} Tory 43, Libs 24
[09:23] {ese} morning
[09:23] {Threei} ese :)
[09:24] {rambler} awesome....
[09:24] {Threei} imbeciles really want to give Cons majority
[09:25] {Threei} not that I mind
[09:25] {rambler} I'm an imbecile....
[09:26] {Threei} lol
[09:26] {Threei} you know what I mean
[09:26] {rambler} yup...
[09:26] {larisa} gm :)
[09:26] {Threei} push for election at the least favorable time, walking right into trap
[09:26] {Threei} larisa :)
[09:27] {larisa} :)
[09:27] {ese} i think it's called being power hungry vad
[09:28] {Threei} no doubt. but why take a shot when you have zero chance
[09:28] {Threei} and will get obliterated
[09:29] {Threei} watch harper introducing notion of taking away taxpayer funding for parties, crashing them financially
[09:29] {Threei} whatever... they deserve it
[09:29] {ese} don't have an answer for that.......i used to understant canadian politics but not anymore
[09:29] {Threei} OK, may come as a suprize but I am looking to short SLW
[09:29] {Threei} prepare half lot
[09:30] {ese} for instance here in BC......the so called liberal party is esentially the old Social Credit party which is even more right than the conservatives
[09:30] {Threei} .90 break
[09:31] {Threei} invalidated
[09:31] {Threei} 44 break
[09:31] {Threei} invalidated
[09:32] {Threei} valid again
[09:32] {Threei} stop above .15
[09:33] {Threei} RIMM lost its mind
[09:33] {nemo} pulling a cree
[09:33] {strider} vad ,, when you get a chance will you explain your setup on slw?
[09:34] {Threei} sure
[09:34] {Threei} 1:1 SLW
[09:34] {Threei} half out .80
[09:35] {Threei} 1:2
[09:35] {Threei} out .67
[09:35] {Threei} watch jf coming in and crying bitterly
[09:35] {nemo} mos, wow
[09:36] {Threei} Long Setup: POT .70 break half lot
[09:36] {Threei} too fast
[09:36] {Threei} try to bid .70
[09:37] {Threei} stop under .60
[09:38] {Threei} beautiful
[09:38] {Threei} half out
[09:38] {Threei} .83
[09:38] {Threei} stop to .69
[09:39] {Threei} market sharp drop
[09:40] {Threei} out
[09:40] {Threei} oversaty a few cents
[09:40] {Threei} Long Setup: SLW .40 break
[09:40] {Threei} invalidated
[09:40] {Threei} .30 break
[09:41] {Threei} whiuzzed by
[09:41] {Threei} in
[09:41] {Threei} stop under .20
[09:41] {Threei} 1:1
[09:42] {Threei} Short Setup: RIMM .70 break half lot
[09:43] {Threei} stop above .80
[09:44] {Threei} 1:1
[09:47] {Threei} out in full
[09:47] {nemo} what days you gone next week vad?
[09:47] {Threei} Mon - Wed
[09:47] {Threei} not next
[09:47] {Threei} next after next
[09:48] {Threei} Apr 4-6
[09:48] {gregns} hitting on all cylinders, eh, ty,
[09:48] {Threei} trying :)
[09:48] {Threei} Long Setup: X .50 break
[09:48] {jfjf64} yello
[09:48] {dino} kub sm l .95\
[09:48] {nemo} too fast
06[09:49] * Threei slaps jfjf64 around a bit with a 4 out of 4 morning
[09:50] {Threei} 1:1 who got it
[09:50] {dino} gj
[09:50] {Threei} (US) Preview: March Final University of Michigan Confidence Index due out at 09:55ET
[09:50] {Threei} **Consensus expectation: 68.0e v 68.2 Mar Preliminary
[09:50] {Threei} - NOTE: March Prelim reading was the lowest since Oct 2010, while the Feb Final reading of 77.5 was the highest since Jan 2008. Also the March Prelim 1-year inflation expectations jumped to 4.6% from 3.4% in Feb, the highest inflation expectation since Aug 2008.
[09:50] {Threei} ty
[09:51] {Threei} ugh, had this feeling RIMM was about to reverse off .50
[09:51] {Threei} but elected to ignore it
[09:51] {nemo} wow cree
[09:51] {Threei} maybe RIMM is telling me I need to get in touch with feminine side
[09:52] {Threei} pay attention to those, whaddoyacall'em...
[09:52] {Threei} feeerings
[09:53] {Threei} ok, let's wauit out numbers
[09:53] {Threei} back to SLW setup, strider
[09:53] {Threei} almost every morning it does this sharp drop
[09:53] {Threei} and most of them we miss for one simple reason:
[09:53] {Threei} we wait for strictly defined setup
[09:53] {strider} k
[09:54] {Threei} but it doesn't give ay, it breaks any support it can fined and it's good night itene
[09:54] {Threei} so what I tried to do here was to find that "any kind of support"
[09:54] {Threei} first was .90, formed by first opening moves
[09:55] {Threei} it elected to break resistance instead
[09:55] {Threei} consolidated a little above new support
[09:55] {nemo} cree short?
[09:55] {Threei} *(US) MARCH FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 67.5 V 68.0E
[09:55] {davd} orcl below pre market lows
[09:55] {Threei} .50 break...
[09:55] {Threei} not sure
[09:56] {Threei} but iof you go for it, do half lot
[09:56] {Threei} Short Setup: X .70 break
[09:57] {Threei} too fast...
[09:57] {nemo} wow, they're breaking fast
[09:57] {Threei} 1:1, for ks's stats {G}
[09:57] {gregns} thks nemo re cree
[09:57] {nemo} sure
[09:57] {Threei} wow!
[09:58] {nemo} what wow
[09:58] {nemo} ?
06[09:58] * Threei quietly leaves thje room and closes the door behind himself, to leave podium to nemo
[09:58] {nemo} it's really not that tough, 2nd day play
[09:59] {Threei} what what wow? did you watch CREE drop? :)
[10:00] {Threei} back into resistance
[10:00] {nemo} yep
[10:00] {Threei} on lower volume
[10:02] {nemo} x short?
[10:02] {Threei} nah
[10:02] {nemo} two sided possibly
[10:03] {Threei} with SPY breaking 131.20, long is more likely
[10:04] {Threei} Long Setup: X .90 break
[10:05] {Threei} if stays above .80 for scalpers, .75 day traders
[10:05] {dino} i show 3/9 gaps 12213, 2322, 1320
[10:06] {Threei} not this time X
[10:06] {nemo} [10:04] {nemo} x short?
[10:07] {Threei} your point is?
[10:07] {nemo} I owed you for your cree comment yesterday
[10:07] {Threei} you seriously think I remember today what I said yestereday?
[10:07] {nemo} it's probably a db anyway
[10:07] {nemo} of course not
[10:07] {Threei} I am not even sure there was yesterday
[10:08] {nemo} Yeah my FWB gives me hell for my lack of memory too
[10:08] {Threei} takes me about 5 min to remember mu name in the morning
[10:08] {nemo} Until I have my second cup of coffee, I need to look at my license
[10:09] {Threei} SLW...
[10:09] {Threei} I don't see clear setup but overall, it starts looking like all day climber
[10:10] {Threei} let's keep an eye on it, maybe forms something
[10:10] {nemo} think she pulls back here
[10:11] {Threei} Harvard professor says away with goverment heads
[10:11] {Threei} and claims he makes history
[10:12] {Threei} .50 closest support...
[10:12] {Threei} let's see if it pulls back to it and shows sogns of bounce
[10:12] {Threei} ok, don't be in a rush to enter
[10:13] {nemo} spy morning high beginning of gap resistance
[10:13] {Threei} let it form resistance
[10:13] {Threei} so we could buy break of it
[10:14] {ese} L rimm sm .25
[10:15] {nemo} cree db
[10:15] {Threei} Long Setup: SLW .60 break
[10:15] {ese} out .08
[10:15] {ese} -.17
[10:15] {Threei} if stays above .50
[10:15] {ese} hmmmmmmmm
[10:16] {Threei} not a scalp to me
[10:16] {Threei} even though stop is of scalping size
[10:16] {dino} kub stopped .67, -.28
[10:17] {nemo} pot and mos steroids
[10:17] {Threei} market losing ground
[10:19] {Threei} no go
[10:19] {Threei} Fed's Lockhart: Favors completing QE2 program, without tapering; would set a high bar for potential QE3
[10:20] {nemo} look for spy bounce 131
[10:20] {Threei} Deraa square in Syria reported to be the scene of heavy gunfire where protesters currently are gathered - world press citing sources
[10:21] {Threei} RIG Hearing Global Hunter says RIG experiencing a leak blowout preventer on a rig in Malaysian
[10:23] {nemo} rimm, mmhhhh, thinkin short, but not sure
[10:23] {nemo} yeah, bid .70, short
[10:25] {dino} swm
[10:25] {nemo} this is battle zone
[10:25] {nemo} lotsa' volume here on rimm
[10:27] {nemo} pre market on spy was .50 we're likely going back to test that today
[10:27] {dino} swm sm l .85 gappy
[10:29] {nemo} mcp
[10:29] {Threei} guys, first official announcement:
[10:29] {Threei} http://caracommunity.com/content/bill-caras-blog-mar-25-2011, scroll down a little to the banner
[10:29] {nemo} rimm back to short
[10:30] {jfjf64} mos flyin
[10:31] {Threei} whole program will be published soon, for now I can tell you that I am speaking on Sat, Oct 1
[10:31] {Threei} for about, umm, 6 hours
[10:31] {Threei} also included are a few mining companies
[10:31] {nemo} will there be skiing?
[10:32] {Threei} and a session about gold minors
[10:32] {nemo} underage gold?
[10:32] {jfjf64} dtop cf daily
[10:32] {dino} kub sm l .84
[10:33] {nemo} tck volume here
[10:35] {jfjf64} cf crazy vol
[10:36] {jfjf64} where is reverse
[10:36] {nemo} spy at pre market hghs
[10:38] {dino} wants 1320 gap
[10:39] {Threei} 9501.JP Exec: Water at the #1 reactor is now 'highly radioactive'
[10:39] {jfjf64} s cf .35
[10:39] {nemo} nice jf
[10:39] {jfjf64} seeeeeeeelllllllllllllllllllll
[10:39] {Threei} wow SLW
[10:43] {ese} L keg 1/2 .27
[10:43] {nemo} smelling market pullback, near the spy morning highs, pivot resistance, and within .10 of the trend channel
[10:44] {nemo} pre-market highs
[10:44] {jfjf64} hope nemo
[10:44] {dino} gut head fake and up
[10:45] {Threei} you still in CF jf?
[10:45] {jfjf64} yes
[10:46] {jfjf64} slave to mkt
[10:47] {dino} i can relate
[10:48] {jfjf64} mkt breaks
[10:48] {jfjf64} false ????????
[10:49] {dino} see "gut" above
[10:49] {dino} wants 1320
[10:54] {jfjf64} stop b/e
[10:54] {jfjf64} all in
[10:55] {nemo} 132 then 132.40 on spy
[10:55] {RonS} keg kinda nutso eh ese? unusual volume...
[10:56] {nemo} mos might be a long here stop under .10
[10:57] {dino} swm stopped
[10:57] {nemo} in .20
[10:57] {ese} ya
[10:58] {ese} would have thought it would have bounced off of .25 though
[10:59] {nemo} 1/2 out .32
[10:59] {patience} good morning, have i missed a busy morning ?
[10:59] {Threei} very much so
[10:59] {patience} profitable?
[10:59] {ese} i'm likin the weekly chart ron....bumping up against 16 like it is
[10:59] {Threei} very much so
[11:00] {patience} you're buying :)
[11:00] {ese} lol
[11:00] {RonS} swm sm l .40
[11:00] {dino} crazy on
[11:00] {dino} one
[11:01] {RonS} w/ a name like that whadya expect...
[11:02] {dino} 48.15 area rejections
[11:03] {ese} L keg .25 avg .26
[11:03] {nemo} stopped 2nd half mos
[11:04] {RonS} keg l .25...tgt .38
[11:07] {dino} ndx gap 2337
[11:11] {rambler} bot ek 3.46
[11:12] {dino} snx sm l .00
[11:13] {Threei} rambler, as a fan of small stocks, see PCYC?
[11:14] {nemo} mos could be long above .25 stop is iffy
[11:14] {rambler} she's a moving......
[11:14] {nemo} fcx tck pulling back
[11:14] {RonS} rambler ek is totally '60's duuude...
[11:14] {nemo} might bring mos and pot with them
[11:15] {rambler} lot of history there...
[11:15] {ese} fire sale going on there with ek
[11:16] {RonS} out keg .38 +.13 thanks ese
[11:16] {ese} for sure
[11:17] {dino} gj
[11:20] {dino} ty ron, piggybacked ya, out swm .15, +.70
[11:20] {dino} snx to .29
[11:21] {ese} out 1/2 keg .39
[11:21] {dino} out +.26 slip
[11:21] {ese} +.13 1k balance 1k stop at .24
[11:24] {Threei} SWM: Schweitzer-Mauduit Intl. Investor relations: Schweitzer-Mauduit to issue press release addressing patent ruling later today
[11:24] {Threei} - NOTE: weakness in SWM has been attributed to a potentially adverse determination by the US Patent Office during a patent reexamination related to patents on Reduced Ignition Paper (RIP) . The document being circulated today is dated 3/17.
[11:25] {RonS} omg...rip...
[11:26] {nemo} LVS weak
[11:30] {nemo} mos above .80 likely long
[11:30] {rambler} ek going nowhere...out...
[11:34] {dino} dri sm l .50
[11:34] {ese} L pten ..36
[11:37] {rambler} dri
[11:37] {rambler} sorry, wrong keyboard
[11:38] {ese} out pten..24
[11:38] {ese} -.12
[11:38] {ese} grrrrrrrrrrrrrrrrrrr
[11:39] {ese} bull trap......g damn it.......hate getting sucked in like that
[11:39] {ese} not thinkin!!!!!!!!!1
[11:39] {Threei} (US) Fed's Evans: Sees no need for QE3, after QE2 ends it would be natural to expect a certain period to elapse before further policy changes are enacted; economy is moving away from potential liquidity trap
[11:39] {Threei} - Could be "months" after QE2 before policy is unwound, favors a "pretty accommodative" policy post-QE2.
[11:39] {Threei} - Sees a tremendous amount of resource slack currently.
[11:39] {Threei} - Wage, rent and clothing prices remain relatively low.
[11:39] {Threei} - Disagrees with the view that Fed policies have been dangerous.
[11:39] {Threei} - Expects to see US unemployment rate of 7.5% by end of 2012 v 8% prior forecast. Jobless rate is falling faster than expected.
[11:39] {Threei} - Sees core PCE at +1.5% in 2013
[11:40] {ese} seen it a million times and what do i go and do????
[11:41] {dino} ?
[11:41] {ese} vad....gimmee some ah that vodka will ya
[11:42] {Threei} but of course
[11:42] {Threei} Russian Standard or Grey Goose?
[11:42] {ese} keg balance stoped .24
[11:42] {ese} the hardest stuff
[11:44] {dino} ron you still in swm?
[11:44] {nemo} got 1:1 on MOS while I was away
[11:44] {dino} gj
[11:45] {nemo} rimm
[11:46] {nemo} look offer, this thing could drop
[11:47] {dino} snx sm l .09
[11:47] {dino} dri stopped -.31
[11:53] {ese} why would single stock futures be offered on a stock....bullish outlook? anyone got an answer or sugestion
[11:54] {ese} i get futures on commodities but ...i don't get it on stocks
[11:54] {Threei} justr another way to make newbie lose money
[11:54] {dino} all about the green
[11:55] {ese} for sure but why pick some stocks and not others?
[11:55] {dino} dk
[11:55] {ese} hmmmmmm
[11:55] {ese} me neither
[11:56] {RonS} ese, imo the market maker needs enough liquidity to be able to hedge off the risk efficiently
[11:57] {nemo} .91 another long entry mos
[11:57] {dino} hain
[11:58] {ese} hmmm theres a thought....tks ron
[12:00] {ese} ya but........hmmmmm.....you'd think that options could do that ya figur
[12:01] {RonS} two different trading groups and firms ese...
[12:01] {ese} ya ...true
[12:01] {RonS} cbot v cboe
[12:02] {ese} competing for order flow
[12:02] {ese} actually not even.....to different vehicles
[12:03] {RonS} their are baccarrat players and poker players...targetting different customer
[12:04] {nemo} kinda looking like double tops on the indexes
[12:05] {ese} ya.......single stock future was offered on ldk this morning.......just one of those....hmmmmmm why do that things that went throught my mind
[12:05] {ese} why ldk and not any of the other solars
[12:05] {ese} am still buying bit a pieces of ldk......so am just wondering
[12:05] {Threei} Fed's Hoenig to retire, Oct 1
[12:06] {Threei} "my work is done", he thinks
[12:06] {nemo} took another quarter at 80.00
[12:06] {Threei} or, "I better get out while getting out is possible"
[12:18] {dino} out snx .39, +.30
[12:21] {RonS} gj
[12:24] {dino} ty
[12:27] {davd} dollar at 5 day high uup 21.82
[12:27] {Threei} with sincere apology to colder climate habitants,
[12:27] {jfjf64} cat
[12:27] {Threei} http://photography.realitytrader.com/2011/03/spring-in-air.html
[12:27] {jfjf64} ??
[12:27] {jfjf64} weird chart
[12:28] {Threei} don't know jf
[12:28] {Threei} tough one here
[12:28] {Threei} yeah, I dislike that sharp red bar
[12:29] {jfjf64} mos .70 short looks tempting
[12:29] {davd} that yen unwind might be starting up again re ycs
[12:33] {Threei} (US) Fed's Plosser: Fed needs to tighten policy in the not-too-distant future, failure to exit policy at the right moment will have serious consequences for US inflation and economic stability
[12:33] {Threei} - Plosser declines to qualify exactly when the Fed should begin exiting policy
[12:33] {Threei} - Events in Japan and the Middle East pose very small risks to the US economy.
[12:33] {Threei} - Highlights that the US economy has gained "significant strength."
[12:33] {Threei} - Does not believe that weakness in real estate will prevent a broader economic recovery.
[12:33] {Threei} NOTE: On Feb 23rd said: - has not ruled out a dissent at FOMC meetings - deflation threat has largely abated, beginning to see increasing pricing pressures
[12:33] {Threei} - May end QE2 if economy accelerates further or if inflation is higher
[12:33] {Threei} (US) 10-yr Treasury Note yield above 3.42% following Plosser comments - 2-week high
[12:33] {Threei} Euro vs US Dollar Trades below 1.41 post Fed hawk Plosser's comments
[12:33] {Threei} these comment supported dollar
[12:33] {Threei} sent SLW down
[12:34] {Threei} GLD too, of course
[12:36] {rambler} bot BMY L
[12:37] {Threei} Only 33% Think Most Americans Blame Humans for Global Warming
[12:37] {RonS} huh?
[12:37] {Threei} what a weird study
[12:38] {Threei} In reality, roughly 40% of Likely Voters consistently have blamed global warming primarily on human activity. A plurality has just as consistently found that planetary trends are chiefly to blame.
[12:42] {Threei} thanks to Plosser, canadian dollar finally shows some wekaness
[12:46] {Threei} too bad I haven't paid much atention to that comment... there were too many of them lately, I became a bit immune
[12:46] {Threei} would have called loonie short
[12:52] {dino} dri sm l .10
[12:56] {Threei} two thoughts for Canadians:
[12:57] {Threei} 1. Why is prime Minister not in the House for the last two days? - he fainted of happiness seeing opposition going to self-dstruction
[12:58] {Threei} 2. Who is the biggest loser in this election? - Prime Minsiters's wife who will have to skip royal wedding because of election
[13:00] {rambler} out bmy...big .07....
[13:02] {Threei} Short Setup: FXC .20 break
[13:02] {Threei} if stays under .30
[13:03] {nemo} fcx
[13:05] {nemo} spy bottoms between here and .45
[13:09] {larisa} X you meant?
[13:09] {Threei} who?
[13:09] {larisa} you in the call ?
[13:09] {Threei} why? I meant exactly what I typed
[13:09] {Threei} FXC
[13:10] {larisa} thought FCX :)
[13:10] {Threei} no, FXC :)
[13:11] {Threei} but if you thought I meant FCX, why did you ask whether I meant X?
[13:11] {Threei} sorry, but I just have to ask :)
[13:11] {larisa} because FCX i s not at .30 and X was and was breaking down. would be perfect call, wanted to say gj :)
[13:12] {larisa} but forget it :)
[13:12] {Threei} I bettre... this is way too convoluted, my brain may get electrocuted if I try to untangle that :)
[13:13] {Threei} but hey... it's telling,that you ratjer invent such complicated sheme rather than believe that I typed what I wanted to ype... :)
[13:14] {Threei} and the way I typed all that shows why
[13:14] {larisa} it is easy :) you always mistype. We always play FCX. So it is only reasonable to thoink you did it again :)
[13:14] {Threei} right
[13:14] {Threei} thoinking will do that
[13:15] {larisa} :)
[13:30] {RonS} finally out swm 48.40 +1.00
[13:32] {dino} gj
[13:32] {Threei} beauty
[13:32] {ese} nice one ron
[13:33] {rambler} BMY working...without me....crap..
[13:34] {rambler} when am I ever going to learn....?
[13:48] {rambler} bot PRAN 3.10
[13:53] {rambler} Vad, you watching BMY......?
[13:54] {rambler} sad sad story......
[13:54] {Threei} yes but 27 break was rthe only more or less readable setup
[13:54] {Threei} oh come on
[13:54] {Threei} evcery day there are thousands of stocks that move
[13:55] {Threei} if you consider all of sad sories, you will be crying non-stop 24/7/365
[13:55] {rambler} lol
[13:57] {rambler} that said, ....it's still painfull to watch...
[13:57] {Threei} ask nemo for his fanous painkiller recipe
[13:57] {Threei} it includes 4 or 5 drinks mixed, none of them below 40%... but proportion matters
[13:59] {rambler} on the positive side.....1) I found it 2) I bought it....
[13:59] {Threei} where?
[14:00] {rambler} now for 3) sticking with it....
[14:00] {rambler} in one of my watch lists...cycling thru....
[14:01] {Threei} I mean where have you bought it?
[14:01] {dino} erj sm l .76
[14:01] {rambler} bought at 26.89
[14:06] {Threei} and sold?
[14:07] {rambler} sold at 26.96
[14:07] {Threei} yeah, that's way too tight
[14:07] {rambler} yup...
[14:08] {Threei} a few cents make sense only if yo play really big shares... scalp Type I
[14:09] {rambler} I'm too impatient I think...
[14:10] {Threei} you are focusing on a wrong thing
[14:10] {Threei} on money
[14:10] {rambler} you are right...
[14:11] {Threei} money is not a subject of your job
[14:11] {Threei} tradingh right is,
[14:11] {Threei} so
[14:11] {Threei} focus on a chart signal instead
[14:17] {Threei} *(CA) CANADA PARLIAMENT PASSES NO CONFIDENCE MOTION IN THE CONSERVATIVE GOVERNMENT
[14:20] {Threei} (US) Fed's Fisher: Will not support additional bond buying after Fed completes QE2; Would support inflation-only Fed mandate
[14:23] {davd} its like libya up there. do you need nato to help?
[14:24] {Threei} hmmm
[14:25] {Threei} nah, I think we will defeat them
[14:25] {Threei} buit look what weird system we have
[14:25] {Threei} Note that following a vote of no confidence, the prime minister visits the Governor-General of Canada - currently David Johnston - to inform him of the vote. Only a minority government usually loses a confidence vote, because it does not control a majority of seats. As the representative of the Queen and the head of state, only the Governor-General can call a new election (but does so only when requested by the prime minister). The new election will be the 4th in the last seven years.
[14:26] {Threei} so, imagine this:
[14:26] {Threei} Queen is a head of state,
[14:26] {Threei} Governor-General represents her, and as such, can call an election
[14:27] {Threei} but Prime Minister is the one who puts him in his chair
[14:27] {Threei} convoluted enough for ya?
[14:31] {RonS} wow, that bmy melanoma drug that got approved is $30k per dose and the protocol requires four doses
[14:31] {Threei} main question is, is it covered?
[14:31] {Threei} 'cause if not, forget about it
[14:31] {RonS} ring up the death panel...
[14:31] {Threei} yup
[14:34] {Threei} as if this continent was lacking stupid statements,
[14:34] {Threei} (EU) ECB's Noyer: Sovereign debt crisis is not an issue for the Euro, only related to economic governance
[14:34] {Threei} - Calls for better governance of member states
[14:34] {Threei} - Supports automatic sanctions of stability agreements, cannot say the EMU is safe from a future crisis
[14:35] {Threei} stuptidity is not really limited to any side of the pond eh?
[14:35] {RonS} lol...Canadian general to take NATO command of Libya
[14:36] {Threei} yeah
[14:42] {Threei} whoever wants to get vfery drunk very fast, for the next 6 weeks can play a drinking way watching canadian TV. Drink every time you hear conservatives saying "fragile recovery" and "coalition."
[14:42] {Threei} play a drinking game
[14:43] {Threei} (PO) Portugal political parties move to hold early elections rather than form new coalition government - financial press
[14:44] {Threei} Long Setup: BMY .45 break
[14:46] {nemo} tna .20
[14:46] {nemo} 1/2 out .40
[14:47] {nemo} if it drops this bid, another quarter under .42
[14:47] {davd} in bmy .45
[14:48] {nemo} another quarter .41
[14:50] {Threei} I'll trail BMY to .39
[14:50] {Threei} not willing to give it much room
[14:57] {nemo} stop on tna is .24
[14:57] {nemo} I should probably make it .19
[15:01] {nemo} damn, little slow on ebix short
[15:02] {Threei} lwt's scartch BMY
[15:02] {Threei} takes way too long and lost the mojo
[15:03] {nemo} on that note, I scratched tna at .31
[15:12] {nemo} woulda got rinsed, but look at it now
[15:18] {RonS} out early, have a good weekend everyone...
[15:18] {Threei} Apple Inc US trade panel finds Apple did not infinge five Nokia patents - financial press- dispute revolved around mobile phones, electronic music players and computers
[15:18] {Threei} take care Ron, have a great weekend
[15:18] {dino} cya ron
[15:18] {nemo} pot might be short below .25
[15:21] {nemo} nope
[15:30] {Threei} Short Setup: X .90 break
[15:35] {dino} .
[15:38] {Threei} invalidated
[15:42] {Threei} Short Setup: X 55 break
[15:45] {Threei} .06 stop
[15:47] {Threei} feel free to cover for a scalp
[15:47] {Threei} 1:1
[15:47] {Threei} on this winning note, let's have a great weekend
[15:47] {Threei} see you all on Monday
[15:48] {rambler} thanks Vad, out at .85
[15:48] {Threei} :)
[15:48] {rambler} cya all monday.....
[15:54] {larisa} bye :)
