Friday, June 3, 2011

Jun 03 2011

Not bad day that was cemented by the trade below that made Catch of the Day. Went to 1:12 or so eventually.
Absolute textbook DBI setup. Not the slightest need for comments, I believe.




Session Time: Fri Jun 03 00:00:00 2011
[08:24] {nemo} oy vay
[08:31] {Threei}  yeah
[08:31] {Threei}  *(US) MAY UNEMPLOYMENT RATE: 9.1% V 8.9%E
[08:31] {Threei}  and it it was not bad enough, get this
[08:31] {Threei}  *(US) MAY CHANGE IN NONFARM PAYROLLS: 54K V 165KE; CHANGE IN PRIVATE PAYROLLS: 83K V 173KE
[08:32] {Threei}  (YE) Yemen opposition media sources said to have reported that President Saleh has been killed in attacks - financial press
[09:10] {dino} gm all, gaps 12086, 11859; 2221, 2201; 1279
[09:11] {Threei}  dino :)
[09:11] {ese} morning
[09:11] {Threei}  ese :)
[09:12] {patience} good morning, tgif
[09:12] {Threei}  patience :)
[09:14] {ese} thats not coming up as a stock symbol tgif
[09:14] {Threei}  try TGI
[09:15] {Threei}  and F
[09:15] {Threei}  separately
[09:15] {Threei}  Euro vs US Dollar Euro firms on market rumors of a 'positive' Trioka report on Greece
[09:16] {Threei}  who on earth is trioka
[09:16] {Threei}  (EU) EU's Barnier: Making progress in dealing with concerns about the euro zone; the EMU remains united in defense of the common currency
[09:16] {Threei}  - Comments that Europe is losing patience over US delaying changes to derivatives rules; Need to create consistent derivatives regulations.
[09:16] {Threei}  Europe is losing patience over US whatever - that's a laugh
[09:17] {Threei}  holier that thou, eh
[09:17] {_taxx31} good morning
[09:17] {Threei}  morning taxxxx
[09:18] {dino} watching uvv, vra, tfm, panl, joyg, amt, meli
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:23] {_taxx31} is market gapping down ?
[09:23] {_taxx31} i see all these stocks opening much lower
[09:23] {Threei}  big time
[09:24] {Threei}  you don't look at indices?
[09:24] {_taxx31} just logged on
[09:24] {Threei}  RIMM is on short candidates list
[09:24] {RonS} gs upgrades panl w/ $60 target on oranic led growth prospects
[09:24] {Threei}  sits on daily support
[09:25] {Threei}  breaks it and collapses
[09:25] {RonS} what the heck is an organic LED?
[09:25] {dino} it's natural vs man made i guess
[09:25] {dino} :D
[09:26] {RonS} http://en.wikipedia.org/wiki/Organic_light-emitting_diode
[09:26] {Threei}  and no added hormones?
[09:27] {_taxx31} im jumping on SLB right here
[09:27] {_taxx31} it should run on open
[09:27] {Threei}  let's hope opening volatility doesn't mess this play up, it can be a very good one
[09:27] {Threei} Short Setup: RIMM  40 break
[09:29] {_taxx31} already broke 40
[09:29] {nemo} then you should be in if you're taking it
[09:29] {dino} lol beasty boys "crafty" on
[09:30] {dino} showing my age
[09:30] {Threei}  who took it ruight there, start covering
[09:30] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {Threei}  who didn't, wait for bounce to shiort into
[09:30] {nemo} and Beasty Boys were after my time
[09:30] {dino} 46
[09:31] {Threei}  taxx, it was above 40 when I posted alert
[09:31] {_taxx31} yeah probably
[09:31] {_taxx31} u got it ?
[09:31] {Threei}  probably?
[09:31] {jfjf64} pls  to  early  to  start  drinkin
[09:32] {Threei}  I don't make alerts without looking at quotes
[09:32] {_taxx31} it was :)
[09:32] {Threei} Short Setup: SLW  .50 break
[09:33] {Threei}  stop above .60 scaloers, .65 day traders
[09:34] {_taxx31} thats a 1:5 trade for you man..nice one on RIMM
[09:34] {Threei}  SLW misbehaves
[09:35] {Threei}  no go
[09:37] {Threei} Short Setup: FCX  .90 break
[09:37] {Threei}  if stays under 49
[09:37] {Threei}  1:1
[09:38] {Threei}  (GR) Greece: IMF/EU/ECB Troika report has been completed, had a positive view
[09:40] {dino} panl gap around 38.30
[09:40] {dino} tfm positive
[09:41] {_taxx31} BUY SLB 1k @ $83.17
[09:41] {_taxx31} SELL SLB 1k @ $83.34
[09:41] {_taxx31} solid :)
[09:42] {ese} yup
[09:42] {_taxx31} SLB should be 84+
[09:42] {_taxx31} by days end
[09:42] {ese} out qpsa .81 +.41
[09:42] {ese} held it overnight
[09:43] {ese} the buggar is still climbing
[09:43] {nemo} stop talking dirty, ese
[09:43] {ese} lol
[09:44] {rizvisy1} gm
[09:45] {Threei}  riz :)
[09:45] {_taxx31} SLB making me look bad
[09:45] {dino} missed panl by .25
[09:47] {dino} uvv sm l .96 thinny
[09:48] {_taxx31} SLB breaking 84s
[09:48] {_taxx31} lol
[09:48] {_taxx31} dang man missed a 1:10 move
[09:48] {_taxx31} i just called it 7 mins ago it shoudl be 84+
[09:49] {_taxx31} 84.25
[09:49] {dino} tfm sm l .00
[09:50] {dino} sh*t happens
[09:50] {_taxx31} 84.50
[09:52] {Threei} Short Setup: RIMM  .60 break half lot
[09:53] {Threei}  with idea to add second half lot on .50 break
[09:53] {Threei} Short Setup: CAT  .50 break half lot
[09:53] {Threei}  if stays under .60
[09:53] {Threei}  RIMM first half lot stop abobve .70
[09:54] {dino} casc
[09:54] {Threei}  no go RIMM
[09:54] {nemo} out
[09:54] {Threei}  CAT 1:1 but should do more
[09:54] {Threei}  partial
[09:54] {Threei}  nope, scalpers win
[09:57] {samire} numberss in 4 minutes
[09:57] {Threei} Long Setup:  X  .80 break half lot
[09:57] {Threei}  greg, stay away
[09:57] {gregns} ty
[09:57] {Threei}  :)
[09:57] {dino} gdot sm l .73 thinny
[09:58] {nemo} numbers in 3
[09:58] {nemo} 2
[09:58] {Threei}  1:1
[09:58] {dino} veco sm l .51
[09:58] {nemo} i'd get out
[09:58] {Threei}  yes
[09:58] {Threei}  sorry greg...
[09:59] {Threei}  I should have shut up
[09:59] {Threei}  you'd have forgotten and profited
[09:59] {nemo} not sure if profitting through error is good practice
[09:59] {Threei}  error?
[10:00] {nemo} i'm making an incorrect inference
[10:00] {Threei}  *(US) MAY ISM NON-MANUFACTURING: 54.6 V 54.0E
[10:00] {dino} giddy-up
[10:00] {Threei}  for a change, one good number
[10:00] {Threei}  surely to be revised lower later on
[10:01] {dino} of course
[10:02] {samire} news stop on x ?
[10:02] {samire} .70 ?
[10:02] {Threei}  no way
[10:02] {nemo} rimm
[10:02] {samire} new
[10:02] {Threei}  that was original one
[10:02] {Threei}  it reached 1:2
[10:02] {samire} y
[10:03] {Threei}  at least breakeven
[10:03] {samire} ok
[10:03] {Threei}  .84 makes sense too,
[10:03] {Threei}  low of last pullback
[10:03] {RonS} took veco .58 to .89  +.31 thanks dino
[10:04] {Threei}  nice
[10:04] {dino} gj
[10:05] {dino} wall at .98
[10:07] {dino} veco to .89
[10:07] {RonS} bby chatter re Ackman stake
[10:08] {jfjf64} slw .10  break
[10:08] {jfjf64} hold 35.00
[10:08] {dino} uvv stop .69, -.27
[10:09] {dino} veco stop .89, +.38
[10:10] {dino} panl wants up, risky
[10:10] {dino} break of .00 sm l wide
[10:11] {Threei}  ese
[10:11] {Threei}  look at our old friend, back from dead
[10:12] {Threei}  DRYS
[10:12] {dino} giddy up panl
[10:12] {ese} was just looking at that
[10:12] {RonS} gs upgrade drys
[10:13] {dino} vra sm l .01
[10:13] {ese} those greeks having been milking that one for all it's worth.....they've sapped so much value out of it i'm surprised it's even at 4 buck
[10:13] {ese} bucks
[10:13] {jfjf64} stoped
[10:13] {ese} and that it gapped up this morning
[10:13] {jfjf64} penny  from  1/1
[10:14] {ese} that will give them some more excuse to dilute those shares even more
[10:14] {RonS} ese, i thought drys was norwegian...
[10:14] {ese} don't think so......
[10:15] {ese} the oil rig business might be....but not the shipping
[10:15] {dino} it's a pos is what it is
[10:16] {ese} i'll say
[10:16] {dino} please do, lol
[10:16] {RonS} The company was founded in 2004 and is based in Athens, Greece
[10:17] {RonS} took tfm .03 to .25  thanks dino
[10:17] {dino} out tfm .32, +.32
[10:18] {dino} gj ronzo
[10:18] {RonS} u da man...
[10:18] {dino} or would it be ronso
[10:18] {ese} well done gents
[10:18] {RonS} either...just not rinso...
[10:18] {Threei}  lol
[10:18] {Threei}  wtg anyway
[10:18] {dino} lol, thats me
[10:18] {jfjf64} s  hal .67
[10:18] {rizvisy1} FCX is awesome today
[10:19] {jfjf64} stop .80
[10:19] {dino} gut says re-test lod
[10:20] {Threei} Short Setup: CAT  .50 break
[10:20] {Threei}  half lot
[10:20] {jfjf64} half  here
[10:20] {Threei}  stop .65
[10:21] {Threei}  target 101.10
[10:21] {Threei}  two partials
[10:21] {Threei}  one is near .30 - .35
[10:22] {Threei}  just no rinsing please
[10:24] {Threei}  1:1
[10:24] {Threei}  half out .33
[10:24] {Threei}  stop to .55
[10:26] {Threei}  second half stopped on trailing stop
[10:26] {jfjf64} wow  hal
[10:27] {Threei}  RIMM takeover rumors
[10:27] {Threei}  Cisco as acquirer
[10:27] {Threei}  Cisco???
[10:27] {_taxx31} csco
[10:27] {Threei}  that's one weird rumor
[10:28] {_taxx31} SLB to $86
[10:28] {_taxx31} oh my
[10:28] {jfjf64} s  hal
[10:29] {dino} afl sm l .35
[10:29] {jfjf64} .92
[10:29] {jfjf64} 51.00 stop
[10:32] {jfjf64} pay  me  hal
[10:33] {Threei}  {HAL, in unemotional robot-like voice} yes Dave
[10:33] {samire} Dino...what is your stop on afl please
[10:34] {dino} .09
[10:34] {samire} thnaks
[10:35] {dino} my usual stops are between .25-.33. when i say wide, they are wider
[10:35] {RonS} took panl .89 to 41.42  mini ese size...thanks dino
[10:35] {dino} gj ron
[10:35] {dino} want a buck
[10:36] {jfjf64} robot  dieeeee
[10:36] {jfjf64} half  out
[10:36] {jfjf64} .68
[10:37] {jfjf64} dieeee
[10:37] {Threei}  besautiful one jf
[10:37] {Threei}  wtg
[10:37] {jfjf64} ty sir
[10:38] {Threei}  I like shorting robots
[10:38] {jfjf64} want  1.00
[10:38] {Threei}  with big red eyes
[10:38] {dino} gj jf
[10:39] {jfjf64} wantt to  ride 20 ma  down
[10:39] {ese} so that was ahhhhh......15000 shs Ron
[10:40] {RonS} nah, only 10k...
[10:41] {RonS} :O
[10:42] {ese} nice........when vad was referring to drys......that was an every other day occurance with that one 15k or more
[10:42] {samire} thanks Dino for AFL...i sclaped
[10:42] {jfjf64} wher  wdd ya  put  stop  vad   hal
[10:42] {ese} 3 years ago.......not now buddy......capitol preservation mode here
[10:43] {Threei}  .90, jf
[10:43] {jfjf64} ty
[10:43] {jfjf64} buddy
[10:43] {jfjf64} lol
[10:43] {Threei}  good job samire
[10:43] {samire} yw
[10:44] {samire} another green day
[10:44] {samire} i follow u and Dino
[10:44] {jfjf64} out
[10:44] {samire} i can short.....but longs are better so far
[10:45] {RonS} what the heck...vix red...
[10:45] {samire} i cant short
[10:45] {dino} gj sam
[10:45] {ese} yup
[10:45] {jfjf64} hal  long  51.00 break
[10:45] {dino} keep talking that way sami and vad will have to pay me, lol
[10:46] {jfjf64} aggressive here
[10:46] {jfjf64} .97
[10:49] {jfjf64} stopped
[10:49] {jfjf64} outta  here boys
[10:50] {jfjf64} been  fun  week
[10:50] {jfjf64} all good
[10:50] {RonS} cya jf
[10:50] {dino} cya jf
[10:50] {Threei}  take care jf
[10:55] {ese} finding EBIX darn interesting dino.....
[10:56] {ese} pretty much all good news but someones tanking it
[10:57] {ese} and looks like some capit volume here as well
[10:57] {RonS} ebix boards talking some kind of hit piece...sayinf the last time similar thing took it down 30%
[10:58] {ese} crap.......typing and i missed the bounce
[11:00] {ese} sucre blu...........auch du miya.......and wtf
[11:01] {dino} "house of cards" ebix
[11:01] {ese} how so
[11:01] {dino} copperfielf research
[11:01] {_taxx31} nothing happening Vad?
[11:02] {Threei}  market stalled
[11:02] {RonS} david?
[11:02] {Threei}  but feels like selling is about to return
[11:02] {_taxx31} agreed
[11:02] {ese} never heard of them copperfield
[11:03] {ese} damn.....look at that bounce
[11:05] {ese} ahhhhh well......ya win some ya loose some......??
[11:05] {dino} nor i ese, just passing it along, cyber picked it up
[11:05] {ese} and then theres...................hmmmmmmm nemo
[11:05] {RonS} ya loose some and tighten some...
[11:06] {dino} out panl .17, +1.16
[11:06] {ese} by the way........when the financial conference is in Whistler.......dino???  bring your clubs
[11:06] {RonS} wtg...was looking dicey for a while
[11:07] {dino} don't think i can make it
[11:07] {ese} nice dino
[11:08] {dino} ty, lucky
[11:08] {ese} the big moo cow.......milked it perfectly from what i can see
[11:08] {dino} still going
[11:08] {ese} ya
[11:10] {Threei}  watching TZA for long entry on pullback to .15 - .20
[11:10] {nemo} shit, been in since .91
[11:12] {patience} .
[11:13] {Threei}  ese, Whistler conference in Oct 1-3
[11:14] {ese} is that this October...or in a year
[11:15] {Threei}  this
[11:16] {ese} NOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!     I've got shows booked for my professional band.......
[11:17] {nemo} targetting .55 tza
[11:17] {Threei}  crap, no chance for entry
[11:18] {RonS} wtg nemo
06[11:18] * Threei slaps nemo around a bit with a large roll of cash
06[11:18] * Threei slaps nemo around a bit with a large stinky trout for not sharing his plays
[11:19] {dino} vra stop -.31
[11:19] {nemo} yeah, sorry, got so focussed, I shut off the sound
[11:21] {dino} rld sm l .60
[11:21] {Threei}  (GR) EU's Juncker: Euro area will approve the next aid plan for Greece. Troika report is good news for Greece and Europe; Greece will set up a privitization fund
[11:21] {Threei}  - Aid plan will be conditioned on voluntary private sector involvement
[11:22] {dino} voluntary at the point of a gun
[11:27] {Threei}  - Greece will not exit the Eurozone.
[11:27] {Threei}  - Eurogroup will extend fresh loans to Greece.
[11:27] {Threei}  - Reiterates that no one is contemplating Greece exiting the EMU.
[11:27] {Threei}  - Greece PM Papandreou: Greece will work hard, much is left to do, markets remain skeptical; claims Greece will honor obligations
[11:27] {Threei}  - Additional aid for Greece is being discussed
[11:34] {dino} panl drop
[11:40] {Threei} Short Setup: HAL  .40 break
[11:40] {Threei}  if stays under .50
[11:40] {dino} wlk
[11:41] {Threei}  no go
[11:43] {Threei}  (GR) EU/IMF/ECB (Troika) statement: see next tranche to be available for Greece in early July after talks; will be based off of upcoming talks; cites significant progress in Greece
[11:43] {Threei}  - Feels need for Greece to increase its fiscal and structural reforms; expects Greek economy to stabilize by the end of the year.
[11:43] {Threei}  - Liquidity in Greece is still tight, will ensure it is adequate for banks.
[11:43] {Threei}  - Greece will significantly accelerate its privatization plans; Greece to establish an independent privatization agency.
[11:43] {Threei}  - Fiscal reforms will give emphasis to exports and tourism.
[11:43] {Threei}  ***Note that the next IMF Greece loan payment tranche was previously scheduled for June 29th.
[11:48] {dino} wlk sm l .17
[12:00] {Threei} Long Setup:  RIMM  40 break
[12:02] {dino} out afl .65, +.30
[12:02] {dino} tfm fast drop
[12:03] {dino} enter sandman
[12:06] {samire} is rimm is still valid ? of course if trigers
[12:06] {Threei}  as long as it holds above .90, yes
[12:06] {samire} ok
[12:07] {samire} it is so far
[12:07] {Threei}  yup
[12:12] {Threei}  1:1
[12:13] {Threei}  (GR) EU's Rehn: EU open to possibilities for additional and reinforced assistance if necessary; Greece must accelerate its asset sales,
[12:13] {Threei}  - Calls for Greece to reform healthcare, job market and transportation, and taxation reform
[12:13] {Threei}  lol
[12:13] {Threei}  reform healthcare, job market and transportation, and taxation
[12:13] {Threei}  should a be a week-long job
[12:14] {Threei}  while we are at it, let's do it 2 weeks and do the same in USA
[12:14] {ese} am back...dropped the kids off at school
[12:17] {dino} rld stop
[12:22] {dino} 07 scanner all green
[12:24] {samire} rimm is slow moving
[12:24] {samire} lunch time ?
[12:25] {Threei}  on on Friday, no less
[12:25] {Threei}  anyway, you know the drill
[12:25] {samire} should we move stop to be
[12:25] {Threei}  if you are not scalping, then half out and stop under b/e
[12:25] {samire} ok
[12:26] {Threei}  if you are scalping, sell and go back to coma until next opportunity comes along
[12:30] {samire} no
[12:39] {samire} goog call on wlk
[12:39] {samire} good
[12:39] {samire} call
[12:40] {samire} Dino called it
[12:41] {dino} thx
[12:42] {RonS} lvs strong
[12:50] {dino} wlk to .49
[12:51] {dino} out +.30
[12:56] {RonS} gdot = gstuck
[13:01] {dino} yeah, put hard stop under lod and let it sit
[13:09] {dino} panl spike
[13:14] {RonS} ese don't look qpsa
[13:17] {RonS} 'nother ebix drop
[13:18] {ese} i've been looking
[13:20] {ese} i've been doing nothing really this morning....been on the phone for most of it.  I have a presentation to do at Telus Canada monday afternoon applying for $50,000 dollars to help put a recording studio into my school
[13:21] {Threei}  need a machine gun?
[13:21] {Threei}  it tends to make presentation very very convincing
[13:21] {ese} My student s and i have raised $14,000 already wish me luck.......let me consider that vad
[13:21] {Threei}  compelling case will be made
[13:21] {ese} anyway gotta go...have a great weekend all
[13:22] {RonS} cya ese
[13:22] {dino} cya
[13:22] {Threei}  take care ese
[13:22] {ese} cya
[13:24] {rizvisy1} Vad waiting for a good trade to enjoy on weekend....
[13:24] {Threei}  no pressure eh?
[13:25] {_taxx31} lol
[13:25] {rizvisy1} yeah,learning patience here
[13:26] {Threei} Short Setup: RIMM  .75 break
[13:26] {Threei}  stop .85 but will trail it to .81 fairly soon
[13:27] {rizvisy1} wow missed too fast..
[13:27] {patience} .
[13:27] {Threei}  fast??
[13:27] {Threei}  it gave ample time for entry
[13:28] {Threei}  you better come out of coma when looking for entry :)
[13:28] {Threei}  stop to .81
[13:28] {rizvisy1} lol, getting use to comass,,,,
[13:28] {Threei}  hehe
[13:28] {_taxx31} nice call there
[13:29] {_taxx31} i was too busy setting up my windows
[13:29] {_taxx31} lol
[13:31] {Threei}  1:1
[13:32] {dino} vra drop
[13:32] {Threei}  1:2
[13:32] {dino} whr blood
[13:35] {dino} gdot stop
[13:36] {RonS} O on tv tanks market
[13:36] {dino} vra sm l .42
[13:37] {RonS} quote of the day:  O can shrink my account faster than my wife
[13:37] {Threei}  1:3, over and out
[13:37] {dino} chbt drop
[13:38] {rizvisy1} awsome Vad...
[13:38] {Threei}  ty
[13:38] {rizvisy1} you made my weekend
[13:38] {Threei}  great to hear
06[13:38] * Threei is now known as weekend-maker
[13:40] {rizvisy1} stamped it there
[13:46] {RonS} lol chbt:  Its products contain live microbial food supplements, which beneficially affect the host by improving its intestinal microbial balance. The company offers Shining Essence for balancing the microecology of
[13:48] {dino} yuk
[13:48] {RonS} so...does that mean it glows?
[13:48] {RonS} ...thought that was only happening in japan...
[13:58] {Threei}  you have no idea how many comments about Shining Essence I had to supress in me over last few minutes...
[13:59] {RonS} am crying laughing about the possibilities...
[13:59] {Threei}  endless
[14:04] {Threei}  RIMM, wow
[14:04] {Threei}  can I have some back?
[14:06] {_taxx31} RIMM Was 1:6
[14:06] {_taxx31} gagagaga
[14:06] {_taxx31} hahahah
[14:11] {RonS} lol...Can't wait for the $LNKD/$GRPN merger: one email offering a half-price dinner at a place I don't like w/ someone I don't know
[14:11] {Threei}  lol
[14:11] {Threei}  wait
[14:11] {Threei}  "don't like" means facebook should be in the mic
[14:12] {Threei}  and if you throw Twitter in, it will be:
[14:12] {Threei}  one email offering a half-price dinner at a place I don't like w/ someone I don't know, both of us followed by 100 strangers
[14:12] {_taxx31} rimm
[14:12] {_taxx31} 1:7
[14:12] {_taxx31} LOL
[14:13] {RonS} lol 3i
[14:13] {Threei}  frikin tweetin generation... :)
[14:14] {_taxx31} rimm
[14:14] {Threei}  pick the book, instead of tweeting "I am thinking of a cup of tea" to 1500 strangers
[14:14] {_taxx31} 1:8
[14:14] {_taxx31} breaking 39 ?
[14:14] {davd} spy touches vwap
[14:15] {Threei}  half of whome tweets back pearls of wisdom like "yeah, tea is good," "I too love tea" and "let us know what kind you picked"
[14:15] {Threei}  that's not a setup, texx
[14:15] {Threei}  taxx, sorry
[14:19] {RonS} wow, eur at 1.4633
[14:22] {_taxx31} BUY RIMM 2k @ $39.08
[14:22] {_taxx31} SELL RIMM 2k @$39.19
[14:27] {dino}  tfm sm l .75
[14:37] {RonS} rimm 1:10
[14:38] {davd} spy below vwap
[14:39] {davd} that dollar rally last month was for suckers - uup all the way back down
[14:40] {_taxx31} rimm 1:11
[14:40] {_taxx31} 1:12
[14:40] {_taxx31} 1:13
[14:41] {Threei}  lol
[14:41] {Threei}  (GR) Germany Fin Min Schaeuble: Conclusion of Troika mission on Greece is a "good sign"; Clear Greek govt must take additional measures
[14:41] {Threei}  - Further course to be determined once Troika report is evaluated.
[14:41] {Threei}  - Voluntary private sector participation still necessary.
[14:41] {Threei}  - NOTE: On May 30th said: Greece has not fulfilled expectations agreed to in last year's aid; Cannot assume Greece can refinance some of its debt in Q2 of 2012; unmet expectations is the reason why further discussions with Greece are taking place at this time.
[14:43] {Threei}  [09:24] {Threei} RIMM is on short candidates list
[14:43] {Threei}  [09:24] {Threei} sits on daily support
[14:43] {Threei}  [09:25] {Threei} breaks it and collapses
[14:43] {_taxx31} i think i got lucky
[14:43] {_taxx31} with my trade
[14:43] {_taxx31} but it broke 2s then 5s
[14:44] {_taxx31} i got it perfect whew
[15:00] {dino}  sina blood
[15:00] {dino} gap fill
[15:01] {RonS} bidu too
[15:02] {dino} sm l .50
[15:12] {nemo} the slow bleed
[15:13] {dino} no good
[15:15] {dino} .50 break
[15:32] {Threei}  folks, let's end this coma
[15:32] {Threei}  no desire to do any more tardes today
[15:32] {Threei}  trades either
[15:33] {Threei}  I think we deserved weekend
[15:33] {Threei}  thank you all, have a great weekend, see you on Monday
[15:34] {dino} .
[15:34] {dino} wait 3i
[15:34] {Threei}  yes sir
[15:34] {dino} wait
[15:34] {Threei}  waitng
[15:35] {dino} sina to 115.85
[15:35] {dino} out +1.309
[15:35] {Threei}  wow
[15:35] {Threei}  that was worth waiting for!
[15:35] {dino} crazy ride
[15:35] {Threei}  wtg
[15:36] {dino} i seem to hit one of those a day lately. market is changing, for a long while they weren't popping up on scans
[15:36] {Threei}  nice :)
[15:37] {dino} airm spike
[15:44] {dino} dji, ndx, s/p all -5+% from may highs
[15:49] {dino} szym spike
[15:58] {dino} calling it a week, holding tfm
[15:58] {dino} \
[15:58] {dino} thx all

Thursday, June 2, 2011

Jun 02 2011

Not a stellar but still positive day. A few sudden news-caused movements disrupted normal market flow leaving us with no setups to enter. Those that appeared though were enough to keep us in green. What would we do without SLW to short.

Session Time: Thu Jun 02 00:00:00 2011
[08:35] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 422K V 417KE; CONTINUING CLAIMS: 3.711M V 3.68ME
[08:36] {Threei}  - Prior Initial Jobless Claims revised higher from 424K to428 K
[08:36] {Threei}  - Prior Continuing Claims revised higher from 3.690M to 3.712M
[08:36] {Threei}  - 4 week avg claims:426K v 440K prior
[08:36] {Threei}  recovery you say
[09:15] {Threei}  ok... probably time to start waking up
[09:15] {Threei}  watching SLW consolidation range
[09:15] {rizvisy1} gm
[09:15] {Threei}  riz :)
[09:15] {RonS} yes...gm
[09:15] {Threei}  ron :)
[09:18] {dino} gm all
[09:19] {RonS} sorry but this upsets me...thievery and corruption abounds...the ed stock ruling was foretold in unusual call buying yesterday in apol et al
[09:19] {Threei}  dino :)
[09:20] {RonS} reported on cnbc last night...and the government has exempted themselves from prosecution on this
[09:21] {RonS} hacks me off and i was not short...
[09:21] {dino} god thing
[09:22] {Threei}  FCX is on watch too
[09:22] {dino} good
[09:22] {Threei}  first idea on bot is short
[09:23] {Threei}  small gap up feels to me so far as a reflexive reaction to all the selling yesterday, with selling pressure resuming very soon
[09:23] {nemo} Short:  SLW
[09:24] {nemo} nahhh...keep going up the thinking being....
[09:24] {nemo} nah, that's not gangrene, it's just a bruise
[09:25] {dino} pop and drop imo
[09:26] {ese} morning
[09:26] {Threei}  ese :)
[09:27] {RonS} ese, dndn got an upgraded from gs...16 mil sh short...could break out and run...
[09:27] {jfjf64} mornin
[09:27] {Threei}  jf :)
[09:28] {RonS} gs pegged dndn $50 target
[09:28] {ese} tks ron....will deep an eye out
[09:30] {Threei} Short Setup: SLW  36 break
[09:30] {Threei}  stop above .10
[09:31] {gregns} repeat that pls
[09:31] {gregns} the call pls
[09:31] {Threei}  ?
[09:31] {nemo}  {&Threei} Short Setup: SLW  36 break
[09:31] {gregns} tks
[09:32] {jfjf64} coformation
[09:32] {jfjf64} lol
[09:32] {ese} huh
[09:32] {nemo} oy, buying on the bid it breaks .o4 not good
[09:33] {Threei}  stopped
[09:35] {Threei} Short Setup: RIMM  .45 break
[09:35] {Threei}  if stays under .55
[09:35] {Threei}  two-sided
[09:36] {Threei}  long it is
[09:38] {Threei}  wow
[09:38] {gregns} how strong it is
[09:38] {jfjf64} wow  it  is
[09:38] {Threei}  1:2, get out
[09:38] {Threei}  look at SPY
[09:39] {Threei}  here is a sneak peak into economic disaster looming:
[09:39] {Threei}  (CH) Former PBoC Advisor: Slowing economic growth might cause major systemic risks - financial press
[09:39] {Threei}  - China needs to sustain 8% to 9% gdp over the next decade
[09:40] {Threei}  The Goldman Sachs Group Inc Spokesperson: cooperating fully with subpoena received from NY state prosecutor last week
[09:40] {Threei}  - REMINDER on 5/19: Expected to soon receive a subpoena from prosecutors in the US related to the firm's mortgage business - US financial press
[09:40] {Threei}  was it perfect exit on RIMM or what?
[09:40] {rizvisy1} I really need to understand two-sided?
[09:40] {gregns} yup
[09:40] {jfjf64} yes
[09:41] {Threei}  riz, two numbers are given,
[09:41] {Threei}  in this case with RIMM:
[09:41] {Threei}  .45 and .55
[09:41] {rizvisy1} yes...
[09:41] {Threei}  break of .45 is short with stop above .55
[09:41] {Threei}  break of .55 is long with stop under .45
[09:42] {rizvisy1} ok, got it thanks
[09:42] {Threei}  whichever side triggers first, determines the play
[09:42] {Threei}  while of course invalidating the other
[09:42] {Threei}  thus, after .55 break I said
[09:42] {Threei}  [09:36] {Threei} long it is
[09:43] {Threei}  ok, here is interesting thing
[09:43] {Threei}  SPY is tanking
[09:43] {Threei}  no stock follow
[09:43] {jfjf64} hmm
[09:43] {Threei}  TZA or ERY seem to be the only valid way to play this
[09:43] {dino} tfm
[09:43] {rizvisy1} what is entry point since it already climbed well above .55 for long
[09:43] {Threei}  .55 break is trigger
[09:44] {Threei}  when it climbed "well above" it's time to exit
[09:44] {Threei}  thus the comment:
[09:44] {ese} dino coco is acting up.....
[09:44] {jfjf64} gs  tanking
[09:44] {Threei}  [09:38] {Threei} 1:2, get out
[09:44] {rizvisy1} yes make sense..
[09:44] {Threei}  overall, you don't chase more than 1-3 cents above trigger
[09:45] {Threei}  BAC Moodys puts BoA, Citi and Wells Fargo ratings on review for potential downgrade
[09:45] {jfjf64} dv  .10 break
[09:45] {jfjf64} short
[09:46] {ese} linc as well
[09:46] {jfjf64} no clean  set up
[09:46] {ese} US Dept of Education to officially releases new "gainful employment" rules today (update)- The Dept of Education disclosed details of the new gainful employment rules to Congressional staffers last night. To qualify for federal student aid, students at for-profit schools must meet one of the three following criteria:
[09:46] {ese} At least 35% of former students must be paying down their loan balances by at least $1. Previously the repayment rate was above 45%. Programs fell into a "danger zone" with rates between 35% and 45%. - A typical graduate's loan payment cannot exceed 30% of discretionary income. Previously graduate debt burdens limits were 20% of discretionary income. - A typi
[09:47] {ese} - A typical graduate's loan payment cannot exceed 12% of total earnings. Previously it was 8% of total income  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[09:47] {Threei}  banks are tanking
[09:47] {ese} why would this send ed stocks up
[09:48] {ese} so are spyders
[09:48] {Threei}  not delighted - thiese spikes occur without setups
[09:48] {jfjf64} clean up is upon us
[09:48] {Threei}  let's see if we can catch WFC short into bounce
[09:49] {dino} has sm l .41
[09:50] {davd} goldman subpoena civil
[09:50] {Threei}  alternatively, FAZ long on pullback
[09:50] {Threei}  davd, seriously... take me off ignore, will ya
[09:51] {Threei}  09:40] {Threei} The Goldman Sachs Group Inc Spokesperson: cooperating fully with subpoena received from NY state prosecutor last week
[09:51] {Threei}  [09:40] {Threei} - REMINDER on 5/19: Expected to soon receive a subpoena from prosecutors in the US related to the firm's mortgage business - US financial press
[09:51] {samire} Dino...I know HAS is a stock...what do u mean by saying sm ?
[09:51] {dino} sm=400 shares
[09:52] {samire} long ?
[09:52] {dino} l=long
[09:52] {dino} yes
[09:52] {RonS} l= long
[09:52] {samire} just making sure
[09:52] {Threei}  FAZ
[09:52] {RonS} sm= small
[09:52] {Threei}  46 support
[09:52] {davd} damn:(
[09:52] {samire} Thanks Dino
[09:52] {dino} np=no problem
[09:53] {Threei}  WFC no bounce to speak of
[09:53] {davd} moodys ratings of banks under review
[09:54] {RonS} lol
[09:54] {Threei}  shoot me now
[09:54] {RonS} rotflol
[09:54] {Threei}  how did I manage to get on a bad side of davd that deeply, I've no idea :)
[09:56] {Threei} Short Setup: WFC  .55 break
[09:56] {Threei}  if stays under .65
[09:56] {Threei}  not a scalp
[09:56] {Threei}  targeting 1:3
[09:57] {samire} stop is always 10 cents above ?
[09:57] {Threei}  no, but I try to pick the charts that provide this size
[09:59] {_taxx31} wfc short still on ?
[09:59] {Threei}  Bank of New York Company Inc Moodys changes outlook to Negative from Stable
[09:59] {davd} not on my bad side - :D
[09:59] {Threei}  they are really moody on banks today
[09:59] {Threei}  yes taxxxx
[10:00] {rizvisy1} so many xxxxx
[10:00] {Threei}  stop is above .65 on it
[10:00] {Threei}  *(US) APR FACTORY ORDERS: -1.2% V -1.0%E
[10:00] {_taxx31} i could have scalped .10 on BAC this morning and now im on the downside by .10 but it was a longer term hold anyway
[10:01] {Threei}  I am not a long term hold fan or expert, but why would you want to hold it, I can't imagine
[10:01] {Threei}  disgusting chart
[10:02] {dino} thrx sm l .82
[10:02] {_taxx31} oversold.
[10:02] {Threei}  ah, that
[10:02] {Threei}  trend follower's mantra:
[10:03] {_taxx31} .50s hitting on wfc
[10:03] {Threei}  oversold gets overdoler before it gets oversoldest, and then sells some more
[10:03] {Threei}  1:1, half out
[10:04] {RonS} wfc .56 to .40  thanks 3i
[10:04] {Threei}  :)
[10:04] {samire} we got stoped on wfc     .66
[10:05] {_taxx31} u got quick trigger finger ron
[10:05] {_taxx31} barely saw the .40 print
[10:05] {Threei}  offer never went above stop level, those were erroneous prints
[10:05] {Threei}  or rather out of market prints
[10:05] {Threei}  are you using automated stops samire?
[10:05] {RonS} had limit order in tax...got lucky...
[10:06] {Threei}  taxx, there was prints under .40
[10:06] {Threei}  it went to .37
[10:06] {RonS} yep
[10:06] {samire} yes
[10:06] {Threei}  yikes
[10:06] {Threei}  those will get you more often than help you
[10:06] {Threei}  why do you need them?
[10:07] {samire} i made up with thrx  from Dino
[10:07] {Threei}  you are right here, watching your trade, can't you execute manually?
[10:07] {samire} thanks Dino
[10:07] {dino} gj ron, lay out, its what i do too
[10:07] {dino} gj samire
[10:07] {samire} i can
[10:07] {Threei}  out of bounds prints will trigger automated stops
[10:08] {Threei}  while manual execution keep you in control
[10:08] {samire} Dino for world president 2012
[10:08] {RonS} watcha thinkin tgt thrx dino?
[10:08] {_taxx31} wfc broke .55 again
[10:08] {dino} .32
[10:08] {Threei}  it doesn't mean anything this time taxx
[10:08] {Threei}  there is no setup here
[10:09] {dino} .12 at min ron
[10:09] {dino} sitting at .32
[10:14] {ese} we say that in music....when in doubt....lay out
[10:16] {Threei} Long Setup:  SLW  .10 break
[10:17] {Threei}  if stays above .05 for superduperextrascalpers, above 36 for sane traders
[10:18] {_taxx31} 36 ? isnt that .75 below
[10:18] {_taxx31} oh nvm
[10:18] {_taxx31} lol 36$
[10:18] {Threei}  don't like these sharp spikes today
[10:19] {Threei}  very nervous market
[10:19] {dino} and drops
[10:19] {Threei}  yesterday's selling was orderly, provided for many easy setups
[10:19] {Threei}  today it's chaos
[10:21] {jfjf64} cost
[10:21] {jfjf64} ?
[10:21] {jfjf64} .15  break
[10:21] {Threei}  yes
[10:22] {Threei}  two day's support .14
[10:24] {Threei}  cover first part here
[10:24] {jfjf64} half  here
[10:24] {jfjf64} yes
[10:24] {Threei}  stop .21
[10:24] {_taxx31} i meant to sell BAC and i bought MORE OMG
[10:24] {Threei}  what's your average price taxx?
[10:25] {_taxx31} ok i got out flat
[10:25] {_taxx31} luckily i was in at .24
[10:25] {_taxx31} accidentally bought .19 ....flat was .215
[10:25] {_taxx31} got out .21
[10:27] {_taxx31} vad
[10:27] {_taxx31} SLW dropping like a rock
[10:28] {Threei}  yes?
[10:29] {nemo} silver dropped like rock
[10:30] {jfjf64} done  2nd  piece  cost
[10:32] {davd} fas green
[10:33] {_taxx31} i sell bac for a flat and now it goes green. =)
[10:33] {Threei}  taxx... pause for a minute and listen
[10:33] {Threei}  you don't trade on hunch, on price you like or chicken entrails
[10:33] {Threei}  you trade on valid setups
[10:33] {Threei}  was there a setup for your entry?
[10:34] {Threei}  was stop set properly?
[10:34] {Threei}  was it hit?
[10:34] {Threei}  was target reached?
[10:34] {_taxx31} no no no
[10:34] {Threei}  there you go
[10:34] {Threei}  it's irrelevant what happened after
[10:34] {Threei}  it's irrelevant that some price point appeared
[10:35] {Threei}  one, and only one thing matters:
[10:35] {Threei}  market instructed you to eneter and exit through certain action or not
[10:35] {_taxx31} thank you
[10:35] {Threei}  determine what that action is,
[10:35] {Threei}  how you read those instructions and how you react on them
[10:35] {Threei}  For us, it's a chart configuration
[10:36] {Threei}  where we have determined our triggers, stops and targets
[10:36] {Threei}  every call we make here is based on those
[10:36] {Threei}  whatever stock does in this or that trade is irrelevanrt,
[10:36] {Threei}  any given trade may or may not work
[10:37] {Threei}  but applying these setups for 11 years of this room existence we have consistent profiuts
[10:37] {_taxx31} yes sir
[10:37] {nemo} wow, he called you "Sir"
[10:38] {nemo} somebody get the smelling salts
[10:38] {Threei}  some people are plite nemo
[10:38] {Threei}  polite
[10:38] {nemo} some can type also
[10:38] {Threei}  I know it's a new concept for you {G}
[10:38] {Threei}  just as typing for me
[10:38] {nemo} remember that request for masochism?
[10:39] {Threei}  watch SLW for dive under .80, staying above .70 and recross of .80 for long
[10:39] {davd} yes, but "sir" in russian means something else
[10:40] {Threei}  close to "cheese" but pronounced a bit differently
[10:40] {dino} uvv sm l .90
[10:41] {Threei}  SLW, never mind that
[10:43] {samire} Dino....UW is not a valid symbol
[10:44] {Threei}  U V V
[10:44] {samire} thanx
[10:45] {dino} lol
[10:47] {ese} got a live one i think dino.....VRA.....give me your opinion on the news seems ok to me
[10:48] {dino} ok
[10:48] {nemo} ftnt
[10:48] {ese} dn 6 bills too
[10:48] {nemo} spready
[10:48] {ese} y true nemo
[10:49] {nemo} 39.50 area
[10:49] {samire} where is your stop Dino on U V V
[10:49] {nemo} could hold here as the range break
[10:49] {dino} dk ese, they were raggin' it on cnbc this am
[10:49] {dino} .59 samire
[10:50] {dino} lets try sm l break .00
[10:50] {ese} L .86 vra
[10:51] {ese} sm 300
[10:51] {ese} stop .49
[10:52] {dino} took .95
[10:53] {dino} no follow thru today
[10:53] {ese} that 60K volume spike helped me make up my mind...capitulation
[10:54] {Threei}  feels to me like selling is about to return in the market
[10:55] {dino} random dance market
[10:56] {Threei}  today, yes
[10:56] {Threei}  a bit confused, looking around and not knowing which way to go
[10:56] {nemo} range day so far
[10:57] {Threei}  asking "how to determine where the south is by looking at the tree"
[10:57] {Threei}  and hearing back: if tree is a palm tree, south is right here
[10:57] {Threei} Short Setup: SLW  .70 break
[10:58] {Threei}  if stays under .80
[10:58] {Threei} Short Setup: RIMM  .80 break
[10:59] {Threei}  if stays under .90 of course
[11:00] {Threei}  *DOE CRUDE: +2.9M V -1ME; GASOLINE: +2.6M V +500KE; DISTILLATE: -1.0M V -500KE;
[11:01] {dino} wow bap
[11:02] {Threei}  SLW 1:1, half out
[11:02] {Threei}  stop to .81
[11:03] {Threei}  sorry, .71
[11:03] {dino} vra stopped
[11:04] {ese} stopped vra
[11:04] {ese} daaaaaaaaaaaa
[11:04] {Threei}  RIMM, tighten stop top .86
[11:04] {Threei}  was too close to 1:1
[11:05] {Threei}  closed RIMM
[11:05] {dino} tfm sm l .01 "pulp"
[11:06] {ese} L tfm .97
[11:07] {Threei}  SLW 1:3
[11:07] {Threei}  feel fee to close the trade
[11:08] {ese} you called it chief.......mrkt selling off
[11:08] {Threei}  taxx, to cite an example of how the approach described earlier works
[11:08] {Threei}  two calls, both based on valid setups and general market read,
[11:08] {Threei}  one gets stopped for 7 cents
[11:09] {Threei}  another works for 30 cents
[11:09] {Threei}  40 actually, but we exited already
[11:09] {Threei}  RIM rinsed
[11:09] {_taxx31} yep
[11:09] {_taxx31} ty
[11:10] {Threei}  so this is just what you do.. go with valid setups and let market tell you what it is, stop or win,
[11:10] {Threei}  take either with no emotions
[11:10] {_taxx31} 1:4 out
[11:10] {Threei}  aside from occasional spitting in the monitor
[11:10] {ese} strange things happenin.........and only the shadow knows for sure.......
[11:10] {Threei}  for which cae you need a monitor with wipers
[11:10] {ese} lol
[11:10] {nemo} I start beating the bunny
[11:11] {ese} for spitin on it or cryin on it?
[11:11] {Threei}  and over time it's going to work for you in a consistent string of wins interrupted by occasional replacementof wiper blades
[11:11] {Threei}  SLW 1:5
[11:11] {Threei}  crap, that was a milk trade
[11:11] {Threei}  time for wipers
[11:12] {Threei}  but RIMM{ jeez
[11:12] {_taxx31} SLW 1:5 all out
[11:12] {Threei}  that was so wrong on it's part to rinse us
[11:12] {_taxx31} tyyyyyyyyy
[11:12] {ese} L vra .96
[11:12] {Threei}  welcome sir
06[11:12] * Threei can be polite too... although rarely
[11:12] {_taxx31} still no green candle on the 2s
[11:12] {_taxx31} but i took the 1:5
[11:12] {_taxx31} 1:7
[11:12] {Threei}  good
[11:12] {_taxx31} lol
[11:12] {Threei}  be reasonable
[11:13] {_taxx31} yeah im already out but this is hitting 1:7 ... should bounce
[11:13] {Threei}  trading is like breathing
[11:13] {Threei}  inhale and exhale
[11:13] {Threei}  don't hold your breath for too long, or you'll go blue in face
[11:13] {nemo} gonna test index lows
[11:13] {_taxx31} ill be back 1 hr.
[11:13] {_taxx31} got some house things to do
[11:13] {Threei}  I'd say this SLW drop is morw than enough to exhale
[11:13] {_taxx31} ty vad
[11:14] {Threei}  welcome
[11:14] {Threei}  we will be here in an hour too
[11:14] {Threei}  although may be in coma
[11:15] {_taxx31} last comment before i take a break
[11:15] {_taxx31} these are all shorts coming through on SLB
[11:15] {_taxx31} 100 shares
[11:16] {_taxx31} SLW*
[11:16] {_taxx31} sry
[11:16] {dino} f'ing vra partial fill l .00
[11:16] {ese} out vra .30
[11:16] {Threei}  I don't understand what you mean
[11:16] {Threei}  wtg ese
[11:17] {ese} that was a "grrrrrrrrrrrrrrr" trade.......take that you baaassssstad
[11:17] {dino} gj
[11:17] {ese} still dn .02 in it though grrrrrrrrrrrrrrrrrrr
[11:17] {Threei}  (SP) Negotiations between Spanish unions and employers have broken down - financial press***Note that earlier today the Spanish PM said the govt would approve wage rules on June 10th with or without a union deal.
[11:19] {ese} out tfm .31 +.34
[11:19] {dino} gj
[11:20] {ese} tks....3/4 so good enough
[11:23] {dino} tfm to .34
[11:24] {ese} ridem cowboy dino!!!
[11:24] {Threei}  so far initial market read wasa right
[11:24] {Threei}  [09:23] {Threei} small gap up feels to me so far as a reflexive reaction to all the selling yesterday, with selling pressure resuming very soon
[11:24] {Threei}  now, if we make new lows, we have a good chance of selling panic returning,
[11:25] {Threei}  and today becoming a repetition of yesterday,
[11:25] {Threei}  relentless selling with no, ummm, relenting
[11:26] {ese} lol........thats good ....i like that
[11:27] {dino} to .39 tfm
[11:28] {dino} here comes dji new lod
[11:28] {dino} out tfm +.38
[11:28] {Threei}  QID, TZA, ERY
[11:28] {Threei}  pick your poison
[11:28] {ese} "looooooooooook ouuuuuuuuuuuut beeeeeeeeeeelow"!
[11:29] {ese} good one dino
[11:29] {dino} has stop -.22
[11:30] {dino} s/p lod
[11:32] {Threei}  anyone went for ay of these breaks?
[11:32] {dino} out uvv .02, +.12
[11:33] {Threei}  Ireland govt discloses 10.2B budget deficit as of the end of May
[11:34] {Threei}  TZA is a pure unadultered beauty
[11:34] {nemo} missed that call
[11:35] {Threei}  well, you and davd...
[11:36] {nemo} yeah,,,taking a beating today takin a break
[11:37] {Threei}  well, as I said before... ignore me at your own peril
[11:38] {dino} messing w/the trading gods vad
[11:38] {Threei}  see, sooner or later their wrath will be felt anyway,
[11:38] {rizvisy1} .
[11:38] {Threei}  so meanwhile I can have little fan :)
[11:39] {Threei}  fun too
[11:40] {dino} tfm sm l ave .03
[11:46] {jfjf64} kss
[11:46] {jfjf64} .30 short
[11:48] {jfjf64} take  .22 out
[11:48] {nemo} mmhhhh...panic is in the air
[11:49] {jfjf64} comonnnnnnnnnnn
[11:49] {jfjf64} half out
[11:50] {jfjf64} stop b/e   2nd piece
[11:52] {Threei}  wtg
[11:52] {_pragmatic} wtg ?
[11:52] {Threei}  way to go
[11:52] {_pragmatic} ah
[11:52] {rizvisy1} .
06[11:53] * Threei offers a new service: [09:23] {Threei} small gap up feels to me so far as a reflexive reaction to all the selling yesterday, with selling pressure resuming very soon
[11:53] {Threei}  [11:24] {Threei} now, if we make new lows, we have a good chance of selling panic returning,
[11:53] {Threei}  [11:25] {Threei} and today becoming a repetition of yesterday,
[11:53] {Threei}  [11:25] {Threei} relentless selling with no, ummm, relenting
[11:53] {Threei}  oops
[11:53] {Threei}  that's wrong paste
[11:53] {Threei}  here is right one:
[11:53] {Threei}  http://www.abbreviations.com/bmc.aspx?c=INTERNET
[11:53] {jfjf64} comon  kss
[11:54] {jfjf64} 51.00
[11:54] {Threei}  also, here is my favorite joke of late:
[11:54] {jfjf64} 1/4 here
[11:55] {Threei}  http://lmgtfy.com/?q=wtg
[11:55] {jfjf64} stop .21
[12:01] {dino} .
[12:01] {RonS} -
[12:02] {Threei}  \|/
[12:02] {jfjf64} stop .08
[12:04] {Threei}  pretty much sums up my view:
[12:04] {Threei}  http://tinyurl.com/5wmoaop
[12:04] {jfjf64} all done 51.00
[12:05] {jfjf64} ah breath
[12:05] {Threei}  hmmm
[12:05] {Threei}  why?
[12:05] {dino} tfm stop -.32
[12:05] {jfjf64} iwas turnin  blue
[12:05] {Threei}  if you took two partials, you are secure,
[12:05] {Threei}  the thing hasn't been able to bounce whil,e market did
[12:05] {Threei}  those two partials are exhales
[12:05] {nemo} did you make another call vad?
[12:05] {jfjf64} it  was  stupid
[12:06] {Threei}  I'd give it a chance with stop being trailed where you have
[12:06] {Threei}  no nemo, commenting on jf's call on KSS
[12:06] {jfjf64} i  did  twice  today    cost  earlier
[12:06] {jfjf64} grr
[12:06] {jfjf64} look  this
[12:06] {Threei}  it's different
[12:07] {Threei}  back then we were in chaotic period
[12:07] {Threei}  not market pretty much settled in a pattern of selling pressure with weak bounces
[12:07] {Threei}  not = now
[12:07] {jfjf64} i kept  saying  to  self  market  bounce
[12:07] {jfjf64} kss  no  bounce
[12:07] {Threei}  market did, yes,
[12:07] {Threei}  but look how KSS didin't
[12:08] {jfjf64} yess
[12:08] {jfjf64} stop  sd  be  51.00
[12:08] {jfjf64} here
[12:08] {Threei}  this kind of tghings scream at me "hold it for more"
[12:08] {jfjf64} last 1/4
[12:08] {Threei}  well, 51.05
[12:08] {ese} L qpsa .40
[12:08] {jfjf64} yes
[12:08] {jfjf64} look  daily
[12:09] {jfjf64} demons  of buisness
[12:09] {jfjf64} 4 me
[12:11] {dino}  reverse your thinking
[12:14] {Threei}  to non-thinking
[12:15] {jfjf64} it does work  best
[12:15] {dino} yes, or expect to lose
[12:21] {dino} vra to .59
[12:22] {rizvisy1} 3i indicies are rising due to UUP effect?
[12:23] {dino} to .64
[12:23] {rizvisy1} any thoughts?
[12:23] {davd} vix red
[12:24] {dino} to .70
[12:25] {dino} stop vra .71, +.71
[12:27] {Threei}  part of it riz
[12:27] {rizvisy1} thnx
[12:27] {Threei}  overall, it's just meaningless technical up and down
[12:27] {rizvisy1} ya agree
[12:27] {Threei}  nothing goes one direction in a straight line
[12:27] {dino} imo, does not matter why, just trade it
[12:28] {_taxx31} lol SLW short went 1:10 haha wow
[12:29] {Threei}  dino's very, umm, _pragmatic
[12:30] {Threei}  but this is right... it's not like uptick and downtick has a reason beyond simple buyers and sellers' imbalance
[12:31] {dino} k.i.s.s. rule
[12:33] {_taxx31} hey Vad
[12:33] {_taxx31} i was about to short SLB at 84.00
[12:33] {_taxx31} i went to put order in ... next thing its at 83.82
[12:34] {_taxx31} this always happens to me this stock...i know it inside out...when its going to bounce and retreat
[12:34] {_taxx31} and before it hits it always reverses too fast for me
[12:34] {_taxx31} now @ 83.79... :/
[12:34] {dino} tfm sm l .52
[12:35] {Threei}  I sdon't see it moving all that fast
[12:35] {Threei}  you shouldn't have such a hard time executing orders on it
[12:35] {Threei}  unless you use TD for day trading
[12:35] {_taxx31} its much slower now
[12:37] {Threei} Short Setup: SLW  35 break
[12:37] {Threei}  if stays under .10
[12:39] {rizvisy1} too fast
[12:39] {Threei}  China Construction Bank Chairman: Expects to see CNY convertibility on captial accounts within five years; warns that Chinese housing market is a bubble
[12:39] {Threei}  - Impact of decline in housing in China should be limited, given that leverage has been low.
[12:39] {Threei}  - Expects USD to gain against EUR, believes the US will always be a good place to invest.
[12:39] {Threei}  - Bank's overseas assets will amount to no more than 5% of total in five years, up from 2% presently.
[12:44] {Threei}  no go
[12:44] {_taxx31} SLB struggling to break 84
[12:45] {dino} panl sm l .40
[12:46] {dino} tfm stop-.32
[12:47] {ese} been trying to milk tfm dino
[12:47] {Threei}  (GR) EU officials have agreed in principle on a 3 year adjustment with limited private sector involvement - financial press citing sources
[12:47] {Threei}  - Limits to private sector involvement for risk of credit events
[12:47] {Threei}  - New agreement would involve international funding
[12:47] {Threei}  - Reminder: Results from the Troika report on Greece are due tommorow
[12:50] {Threei}  this is lifting markets noqw
[12:50] {Threei}  now
[12:51] {Threei}  hope the Greece collapse with be postponed
[12:51] {Threei}  who cares that it will come anyway, and at much higher price
[12:51] {Threei}  "not on my watch" is the principle
[12:51] {dino} trying ese, but tough
[12:55] {ese} ya can see that
[13:25] {_pragmatic} hello, anyone home ??
[13:25] {nemo} NO
[13:25] {nemo} GO AWAY!!!
[13:25] {Threei}  sheesh... don't yell
[13:25] {Threei}  woke me up
[13:25] {_pragmatic} :)
[13:26] {Threei}  great... now he is smiling... sadist
[13:26] {_pragmatic} yeah. wake up and give use some good trades
06[13:26] * Threei digs in his box with fish to find the smelliest one
[13:27] {Threei}  here it is
06[13:27] * Threei slaps _pragmatic around a bit with a very old, very dead and very stinky trout
[13:28] {_pragmatic} hate fish
[13:28] {Threei}  oh good
[13:28] {Threei}  that was effective choice on my part then
[13:28] {nemo} why don't you give him some spanish cucumbers Vad?
06[13:28] * Threei looks around, fish in hand, searching for someone else in urgent need of good trades
[13:30] {Threei}  I am a fan of simple solutions, nemo... he hates fish, why would I look for anything else
[13:30] {Threei}  I was right:
[13:30] {Threei}  Euro vs US Dollar Extending gains to $1.4490 following press reports of a Greece resolution announcement expected tomorrow - 4-week highs
[13:31] {Threei}  (US) Moody's states it could put US govt rating on downgraded review if there is no progress on debt limit
[13:31] {nemo} LTD
[13:31] {Threei}  'em are fightin' words
[13:38] {_taxx31} shorted SLB 1k @ $83.92
[13:38] {_taxx31} covered SLB 1k @ $83.78
[13:39] {Threei}  not bad
[13:39] {Threei}  I like setup too
[13:40] {_taxx31} ty sir
[13:40] {_taxx31} it rolled over on 5s
[13:41] {_taxx31} once it broke 84...i waited confirmation .95 then i jumped in
[13:41] {Threei}  see nemo? "Polite conversation between gentlemen" - look it up
[13:41] {nemo} no
[13:41] {RonS} cbd...nuts dino
[13:45] {rizvisy1} .
[13:47] {dino} yes, played it yesterday
[13:56] {_taxx31} bought SLB 1k @ $83.84
[13:56] {_taxx31} sold SLB 1k @ $84.18
[13:57] {_taxx31} shorted down and bounced up caught it both ways
[13:57] {_taxx31} woooooooooooooooo
[13:57] {_taxx31} oh damn it exploded
[13:57] {Threei}  market spiked
[13:58] {ese} gotta go all......am gonna hold qpsa to the end of the day
[13:58] {Threei}  and this:
[13:58] {Threei}  FCX S&P puts BBB- ratings on Watch Positive
[13:58] {Threei}  take care ese
[14:01] {_taxx31} vad
[14:01] {_taxx31} i dont get that though... how does market just spike
[14:01] {_taxx31} lol people just decide..oh these reports came out..lets buy stock
[14:01] {_taxx31} idiots imo
[14:01] {Threei}  shrug
[14:02] {_taxx31} vad SLB
[14:02] {_taxx31} short this thing
[14:02] {Threei}  you want to study mass psychology to understand its underlying reasons, or to use it?
[14:02] {_taxx31} yeah
[14:02] {Threei}  why would you want spiking stock with no setup?
[14:02] {Threei}  how do you determine entry point, just by guess?
[14:02] {_taxx31} it just crossed daily high
[14:03] {Threei}  so?
[14:03] {_taxx31} no MACD reversing
[14:03] {_taxx31} volume dying
[14:03] {_taxx31} level 2's
[14:03] {Threei}  OK
[14:03] {Threei}  our setups are different
[14:03] {_taxx31} it shot straight up...it has to have a trace back
[14:04] {Threei}  all that is underlying iobservations
[14:04] {Threei}  they have no major component:
[14:04] {Threei}  timing
[14:04] {_taxx31} it spiked $0.70 on 70 thousand shares
[14:04] {rizvisy1} LVS good candidate too Vad...
[14:04] {_taxx31} yeah i guess
[14:04] {dino} panl boounce
[14:04] {Threei}  there should be something determining exact entry point
[14:04] {_taxx31} look at chart now
[14:04] {_taxx31} first on 2s
[14:04] {_taxx31} then 5s
[14:04] {rizvisy1} resistance at .31 for LVS
[14:05] {rizvisy1} ur thoughts?
[14:05] {Threei}  otherrwise you may enter such spike short at any point during this spike,
[14:05] {Threei}  all the way from 84 to 84.70
[14:05] {_taxx31} no i wait for first red candle on 2s
[14:05] {_taxx31} then switch to 5s for confirmation of chart rollover
[14:05] {Threei}  none here riz, no setup yet
[14:05] {_taxx31} and for a scalper that will get u .10 on a stock like SLB
[14:05] {Threei}  OK
[14:06] {Threei}  I ave a request for you
[14:06] {Threei}  post your trades if you wish, this is always welcome
[14:06] {Threei}  play ours,
[14:06] {_taxx31} i do today
[14:06] {_taxx31} i play those too :D
[14:06] {Threei}  ask questions if you have them,
[14:06] {Threei}  but don't insist that we change what and how we trade
[14:07] {_taxx31} no i havent done that at all sir
[14:07] {Threei}  we do it long enough to stay with our mehtods
[14:07] {_taxx31} none whatsoever
[14:07] {_taxx31} im here to learn and trade by your methods
[14:07] {_taxx31} on the side..i do what i like as well
[14:11] {Threei} Short Setup: CAT  .50 break
[14:11] {Threei}  half lot
[14:11] {Threei}  if stays under .60
[14:12] {rizvisy1} _taxx31
[14:13] {Threei}  another market spike
[14:13] {Threei}  don't like today at all
[14:15] {Threei}  no go
[14:16] {_pragmatic} I asked for the good ones
[14:16] {_pragmatic} :`)
[14:16] {Threei}  bt then you left
[14:16] {Threei}  and we had 5 good ones
[14:17] {dino} out thrx .12, +.30 all dayer
[14:17] {Threei}  (GR) EU officials denying press speculation of an imminent private sector deal on another Greece aid package
[14:18] {Threei}  crap
[14:18] {dino} drop
[14:18] {Threei}  these news-caused spikes
[14:18] {Threei}  look at CAT
[14:18] {dino} they need to all shut the hell up
[14:25] {_taxx31} SLB from 84.60s to 84.00 .... 1:6 ...short ..haha vad told you man
[14:25] {_taxx31} didnt play it tho
[14:25] {_taxx31} :)
[14:29] {davd} spy at vwap
[14:32] {patience} .
[14:32] {dino} enmd
[14:33] {RonS} EntreMed ENMD-2076 Phase 2 Data to Be Presented at ASCO Annual Meeting
[14:35] {dino} ty
[14:35] {RonS} ovarian cancer drug...
[14:42] {Threei}  up or down?
[14:43] {Threei}  if up,
[14:43] {Threei} Long Setup:  SLW  .50 break
[14:43] {Threei}  and
[14:43] {Threei} Long Setup:  LVS  .40 break
[14:44] {rizvisy1} slw
[14:54] {rizvisy1} in LVS .40
[14:56] {rizvisy1} huh kicks at bottom..
[14:57] {RonS} dino tyc
[14:57] {Threei}  Groupon files $750M IPO- Expect to apply under the symbol "GRPN"
06[15:01] * Threei kicks LVS in the rear
[15:01] {Threei}  1:1
[15:01] {rizvisy1} badly required ..
[15:01] {Threei}  violence works
[15:01] {Threei}  as always
06[15:01] * Threei kicks LVS in the rear with heavy duty steel toe army boots
06[15:02] * Threei slaps _pragmatic around a bit with a fufilled request for a good trade
[15:04] {dino}  tyc moodys up
[15:07] {_pragmatic} need to take a shower. smell like a fish
[15:07] {Threei}  sorry... that's unavoidable side effect of being slapped with one
[15:10] {Threei} Short Setup: SLW  .35 break
[15:11] {Threei}  what an unpleasant symbol: RDNT
[15:12] {nemo} leave the bunny alone
[15:14] {Threei}  maybe le's modify it
[15:15] {Threei}  .40 break
[15:15] {Threei}  stop above .50
[15:15] {Threei}  semi-agressive
[15:15] {nemo} for what, slw?
[15:15] {nemo} riding vwap
[15:15] {Threei}  wat else... we don't tarde your rabbit, per your demand
[15:16] {nemo} oh...she's so cute
[15:16] {nemo} she's worth more than $5, eve if you were going to eat her
[15:18] {dino} lol
[15:19] {jfjf64} lets  go  baby
[15:19] {Threei}  this one is not a scalp
[15:19] {jfjf64} dieeeeeeeeeeeeee
[15:19] {nemo} well I'm off c u 2morow
[15:19] {jfjf64} jf  in  da  house
[15:20] {Threei}  take care nemo
[15:20] {jfjf64} later  nemo
[15:21] {Threei}  dies SLW
[15:22] {Threei}  potential for about 30 cents move with any market help, possibly more
[15:22] {jfjf64} tight  stp
[15:22] {jfjf64} nice
[15:23] {Threei}  violence time?
06[15:23] * Threei hits SWL over the head with 2x4
[15:23] {jfjf64} structure
[15:23] {jfjf64} lol
[15:23] {_taxx31} shorted SLB 1k @ $84.64
[15:23] {jfjf64} violence
[15:23] {_taxx31} covered SLB 1k @ $84.48
[15:23] {jfjf64} ??
[15:23] {gregns} at least get the symbol right, vad
[15:23] {jfjf64} slb
[15:23] {Threei}  ohhh... that's why it doesn't work!
06[15:24] * Threei hits SLW over the head with 2x4
[15:24] {rizvisy1} _taxx31 gj
[15:24] {gregns} exxxxacccctlly
[15:25] {_pragmatic} ?
[15:25] {jfjf64} slw  tight  range   need  more  then  2x4
[15:25] {jfjf64}  2     2x4
06[15:25] * Threei hits SLW over the head with 2x4 equipped with rusty nails
[15:25] {jfjf64} yes
[15:26] {jfjf64} dog  withh  fleas
[15:26] {jfjf64} dieee
06[15:26] * Threei hits SLW over the head with 2x4 equipped with rusty nails and reinforced with rebars
[15:26] {jfjf64} yes
[15:26] {jfjf64} method  to  our  madness
[15:27] {Threei}  always
[15:27] {Threei}  I despise madness with no method
[15:27] {jfjf64} nice
[15:27] {jfjf64} slw  hears  ya
[15:27] {Threei}  let's tighten stop to .46
[15:28] {Threei}  market is too sensitive today
[15:28] {Threei}  want to stay on safe side
[15:28] {_taxx31} look at that level 2
[15:28] {_taxx31} im on the SLW trade with you boys now
[15:29] {Threei}  what about its level 2?
[15:29] {jfjf64} nice  colors
[15:29] {_taxx31} its fierce
[15:29] {Threei}  loljf
[15:29] {Threei}  our own Las Vegas
[15:29] {_taxx31} ppl are fighting it out
[15:30] {Threei}  I am a sucker for flashing lights
[15:30] {jfjf64} yup
[15:30] {jfjf64} and  blonds
[15:30] {jfjf64} with  big   feet
[15:30] {Threei}  I don't discriminate that severely
[15:30] {Threei}  brunettes and reds have full rights ti exists
[15:30] {jfjf64} small feet
[15:30] {jfjf64} ahh
[15:31] {jfjf64} agree
[15:31] {RonS} lol
[15:31] {jfjf64} welcome  rs
[15:33] {jfjf64} little  sprigsteen playin
[15:33] {jfjf64} down    down   down
[15:34] {dino} cool
[15:36] {jfjf64} 3:36   slw  makin  us  work  OT
[15:36] {Threei}  no kidding
[15:36] {Threei}  almost like work
[15:37] {jfjf64} the  best  jobb EVER
[15:37] {gregns} ok here we go
[15:37] {gregns} !!!!
[15:37] {jfjf64} $$$$$$$$$$$
[15:38] {_taxx31} SLW
[15:38] {jfjf64} big  orders  cominggg  in    green
[15:38] {jfjf64} not moving
[15:39] {_taxx31} too much support
06[15:39] * Threei shows SLW a picture of Greece leavng EU
[15:39] {_taxx31} vad
[15:40] {_taxx31} is that groupon ipo real ?
[15:40] {_taxx31} thats gonna be a killing
[15:40] {gregns} Vad, what indicates to you that if SLW works that it should go down quite a bit, just no support to about .13 ? and if market drops it will take it with it
[15:40] {Threei}  of course it's real... wta do you think, I am writing news myself?
[15:40] {_taxx31} cant believe my eyes :D
[15:41] {Threei}  greg, just by chart, nothing but air ti;; 35
[15:41] {Threei}  also,
[15:41] {Threei}  if selling hits closer to eod, there should be considerable amount of it
[15:41] {gregns} ok,, thks
[15:42] {jfjf64} violence
[15:44] {jfjf64} long wickss  spy
[15:44] {jfjf64} today
[15:44] {Threei}  {SPY} hey, leave my private qualities private
[15:44] {_taxx31} thanks vad
[15:44] {_taxx31} cyz tmrw
[15:44] {Threei}  take care taxxxxx
[15:44] {jfjf64} later  tax
[15:45] {jfjf64} comonnn
[15:46] {Threei}  fiiiinallly
[15:47] {Threei}  sure took its sweet time
[15:47] {Threei}  half out, stop .41
[15:47] {jfjf64} ii
[15:47] {Threei}  13 minutes left
[15:47] {Threei}  a lot can happen
[15:47] {jfjf64} we  inn good  spot
06[15:48] * Threei slaps _pragmatic around a bit with a second fufilled request for a good trade
[15:48] {Threei}  that was a right idea to switch to aggressive entry
[15:48] {Threei}  gave us enough room
[15:48] {jfjf64} get  outtt 2x4
[15:49] {Threei}  I am electrocharging it
[15:49] {jfjf64} that   new
[15:49] {jfjf64} 3:49
[15:50] {Threei}  half charged
[15:50] {jfjf64} stop
[15:50] {jfjf64} ??
[15:51] {jfjf64} .35
[15:51] {Threei}  nah, still .41
[15:51] {Threei}  9 min
[15:51] {Threei}  3/4 charged
[15:51] {jfjf64} followw  spy
[15:51] {jfjf64}   slw
06[15:52] * Threei pokes SLW in the ribs with electrocharged 2x4
[15:52] {jfjf64} yeahhhhhhhhh
[15:53] {jfjf64} one  moree  legg down
[15:53] {jfjf64} 35.00
[15:55] {Threei}  5 min
[15:55] {jfjf64} 5  min
[15:55] {jfjf64} lol
[15:55] {Threei}  clear
06[15:55] * Threei pokes SLW in the ribs with electrocharged 2x4 second time
[15:55] {jfjf64} zzzzzzzzzzzzzz
[15:56] {jfjf64} out
[15:56] {Threei}  4 min
[15:56] {jfjf64} that  was   great
[15:56] {jfjf64} ty
[15:56] {Threei}  adrenalin rush?
[15:56] {Threei}  :)
[15:56] {jfjf64} see  all   tommorrow
[15:57] {Threei}  take care jf
[15:57] {Threei}  3 min
[15:58] {_pragmatic} should drop below .20. feel it
[15:58] {Threei}  ved by the bell
[15:58] {Threei}  unless saveby the bell
[15:59] {Threei}  2 min
[15:59] {Threei}  1
[15:59] {Threei}  ok... closing
[15:59] {_pragmatic} oh my, what a battle on L2
[15:59] {Threei}  nice way to finish the day
[15:59] {Threei}  thank you all, have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {gregns} ty
[16:01] {dino} gn all

Wednesday, June 1, 2011

Jun 01 2011

Another very strong day with plenty of wins (mostly on a short side, not surprisingly) and two small stops on half lot each.

Session Time: Wed Jun 01 00:00:00 2011
[09:07] {ese} morning
[09:07] {Threei}  ese :)
[09:10] {RonS} gm...short squeeze candidates...hcp w/ 23.2 mil sh short, dakt w/ 2.1 mil sh short
[09:11] {Threei}  ron :)
[09:11] {Threei}  read this guys (Ron especially, as he is a Greece news junkie)
[09:11] {Threei}  Considered certain that IMF will not pay its share of fitfh tranche to Greece at June end - German press
[09:11] {Threei}  - Article noted that with Greece obviously unable to return to markets next year, as originally planned and stated that there were only three options.
[09:11] {Threei}  - The first is Greece is officially declared bankrupt, which clearly no one wants at this stage.
[09:11] {Threei}  - The second is the EU pays the IMF's tranche, which is hardly a sustainable solution.
[09:11] {Threei}  - The third and most likely option is a fresh aid package
[09:11] {Threei}  - Participation of the IMF is envisioned in a new program for Greece, aid in the amount of 60-70B
[09:11] {Threei}  - EU share of new plan will come by way of EFSF
[09:11] {Threei}  - Extension of maturities was considered; bonds maturing 2012-14 possible 3-year extension; extension undecided though would be voluntary
[09:11] {Threei}  - EU/IMF deal may limit state pension benefits, state-sector employment
[09:15] {rizvisy1} gm all
[09:15] {Threei}  riz :)
[09:17] {RonS} stunning:  Cisco (CSCO) predicts that the number of network-connected devices will be more than 15 billion, twice the world's population, by 2015. In the fifth annual Cisco Visual Networking Index Forecast (2010-2015) released, the co also said the total amount of global Internet traffic will quadruple by 2015 and reach 966 exabytes per year.
[09:18] {nemo} wtf...where all dead in 2012
[09:18] {nemo} minor detail
[09:19] {RonS} The unit symbol for the exabyte is EB. When used with byte multiples, the unit indicates a power of 1000:
[09:20] {Threei}  exabytes... I don't even have a concept for that
[09:20] {RonS} 1 EB = 1,000,000,000,000,000,000 B = 1018 bytes = 1 billion gigabytes = 1 million terabytes
[09:20] {Threei}  anything exceeding number of fingers on my two hands is beyond my comprehension
[09:21] {Threei}  I am very, umm, _pragmatic
[09:22] {_pragmatic} :(
[09:24] {Threei}  why does it upset you... the more pragmatic ones in the world the better world is, IMO
[09:26] {Threei}  targeting SLW and X as first shorts
[09:26] {Threei}  sorry, not X
[09:26] {Threei}  RIMM
[09:26] {Threei}  looked at wrong chart
[09:27] {jfjf64} mornin
[09:27] {Threei}  jf :)
[09:29] {dino} gm all
[09:29] {Threei}  dino :)
[09:29] {jfjf64} dino
[09:30] {dino} :)
[09:30] {Threei} Short Setup: SLW  .50 break
[09:31] {Threei}  stop above .60 for scalpers, .65 day traders
[09:32] {Threei}  RIMM got away, thought .40 break but happened too fast
[09:32] {Threei}  1:1 scalpers
[09:32] {Threei}  1:1 day traders
[09:32] {Threei}  frikin RIMM
[09:33] {Threei}  let me reiterate that
[09:33] {Threei}  FRIKIN RIMM
[09:33] {jfjf64} out slw
[09:34] {jfjf64} ty
[09:34] {Threei}  yw
[09:34] {Threei} Long Setup:  RIMM  .90 break
[09:34] {Threei}  if holding .80 of course
[09:35] {nemo} dead man walking
[09:35] {jfjf64} yep
[09:35] {Threei}  .86 break
[09:35] {Threei}  if holding .75
[09:35] {nemo} frickin fcx
[09:36] {Threei}  1:1
[09:38] {Threei} Long Setup:  SLW  .50 break
[09:38] {Threei}  invalidated for now
[09:40] {Threei} Long Setup:  SLW  .45 break
[09:40] {Threei}  stop under .35
[09:41] {Threei}  aggressive entry for actual trigger, .50
[09:41] {Threei}  1:1
[09:47] {RonS} 10 yr treas at 3.01%
[09:47] {RonS} 3.001
[09:48] {Threei} Short Setup: X  .55 break
[09:48] {RonS} 2.999
[09:48] {Threei}  two sided setup
[09:48] {Threei}  half lot on a long side
[09:48] {Threei}  SLW 1:2
[09:49] {Threei}  out in full SLW
[09:49] {Threei}  not feeling comfortable sitting in it long for so long
[09:50] {nemo} lnkd having a bad day
[09:50] {RonS} ism in ten
[09:50] {Threei}  no go X
[09:50] {Threei}  3 for 4, and stop is on half lot
[09:51] {Threei}  and I haven't even had breakfast yet
[09:52] {gregns} remind me never to trade X  !!! it never works for me
[09:53] {Threei}  good exit on SLW
[09:53] {gregns} SLW drop same setup for SLW again?
[09:54] {Threei}  no... doesn't looks right to me
[09:54] {gregns} ok ty
[09:55] {RonS} look lvs
[09:55] {Threei}  impressive
[09:56] {davd} report at 10?
[09:56] {Threei}  yes, and:
[09:56] {Threei}  Euro vs US Dollar FX chatter of a weaker ism manufacturing circulating with a sub 55 reading mentioned
[09:56] {RonS} For a fourth consecutive month, casinos in Macau have set a record for monthly gross gaming revenue
[09:56] {Threei}  (EU) ECB's Trichet: Sanctions for countries that break their fiscal commitments are badly needed
[09:56] {davd} so if above 55 - pop?
[09:56] {RonS} The total casino gross gaming revenue for the first five months of 2011 was up 43.1 percent year-on-year to MOP103.3 billion.
[09:57] {dino} josb gap 48.75 area
[09:57] {Threei}  Trichet, news for you: they are on a brink of qwuitting your union as it is
[09:57] {ese} stalking DAKT
[09:58] {Threei}  see SLW greg?
[09:58] {Threei}  would have been a trap on long side
[09:58] {gregns} sure enough, thks
[10:00] {Threei}  *(US) MAY ISM MANUFACTURING: 53.5V 57.1E;
[10:01] {Threei}  PRICES PAID: 76.5 V 81.8E
[10:02] {Threei}  what a smackdown
[10:08] {dino} cbd sm l .74
[10:09] {Threei} Long Setup:  X  .40 break
[10:09] {Threei}  half lot
[10:09] {Threei}  except greg
[10:09] {gregns} ty for keeping and eye on me
[10:09] {Threei}  :)
[10:09] {Threei} Long Setup:  FCX  51 break
[10:10] {nemo} stop .20 on x?
[10:10] {Threei}  .25
[10:11] {Threei}  out'
[10:12] {Threei}  greg may be right
[10:12] {Threei}  selling picks up
[10:13] {Threei}  LVS is holding well
[10:13] {dino} yesterday gaps 12441, 2336
[10:13] {ese} dive dive dive.......spyders tanking on me
[10:14] {ese} alright which one of you hedge fund owners started selling ehhhh?
[10:16] {dino} :D
[10:16] {Threei}  ugh
[10:16] {Threei}  missed LVS
[10:16] {dino} gut still says buy the dips
[10:17] {Threei}  .60 was trigger...
[10:17] {ese} yup
[10:18] {jfjf64} lost  power
[10:18] {dino} bap sm l .00
[10:19] {dino} sm l bap .55 thinny
[10:19] {dino} not bap, vhi
[10:20] {ese} whoa......thats the thin of thins dino
[10:20] {ese} vhi
[10:22] {dino} yeah, was hiting it yesterday, odd one
[10:22] {Threei}  grrrrrr
[10:23] {Threei} Short Setup: FCX  .60 break
[10:23] {dino} frc watch
[10:23] {Threei}  not a scalp
[10:24] {Threei}  targets are .45, .30 and .15
[10:24] {Threei}  out first portion
[10:24] {Threei}  stop .65
[10:25] {gregns} could you have mentioned those targets a moment earlier ?
[10:25] {Threei}  sorry...
[10:25] {gregns} partially kidding
[10:25] {Threei}  I know...
[10:26] {Threei}  sometimes they are clear prior the trade triggers,
[10:26] {Threei}  sometimes they come to me as trade develops
[10:26] {gregns} so things come to you ?? hmmmm
[10:26] {Threei}  I do my best to share thoughts as they come but sometimes I am a slow thinker
[10:27] {jfjf64} out
[10:27] {jfjf64} ty ty
[10:27] {Threei}  and considering how rarely I think at all, you can imagine the percentage...
[10:27] {jfjf64} vmw
[10:27] {Threei}  double lot jf?? :)
[10:27] {Threei}  yes greg, and I also hear voices
[10:27] {jfjf64} n
[10:28] {gregns} oh my, now i am more concerned than before....
[10:28] {gregns} ok here we go to next target
[10:28] {Threei}  hmmm... are you in cahoots with my shrink? his exact words...
[10:29] {Threei}  second target hit
[10:29] {Threei}  out another partial
[10:29] {gregns} out , ty only had a tad left
[10:29] {jfjf64}   fcx  nice  read  3i
[10:29] {Threei}  :)
[10:33] {ese} L dakt .50
[10:36] {RonS} zagg ese?
[10:37] {ese} have that on my radar as well
[10:37] {Threei}  FCX baby
[10:37] {Threei}  out in full
[10:38] {ese} couldn't find anywhere to get in ron
[10:38] {gregns} well golly, i am happy for you'all !
[10:38] {Threei}  that's the spirit
[10:38] {ese} yes sir....keep that up
[10:38] {nemo} golly gee whillikers
[10:38] {nemo} that's alright I missed it
[10:39] {Threei}  and this is exact words of my parole oficer when he catches me and my shrink drinking together
[10:39] {Threei}  just before he joins us
[10:39] {nemo} told you to leave the little furry animals alone
[10:39] {ese} lol
[10:39] {ese} ouuuuuuuu
[10:40] {Threei} Short Setup: SLW  .20 break
[10:41] {Threei}  invvalidated
[10:41] {Threei}  weird spike
[10:42] {RonS} took cbd .60 to 39.05  +.45   thanks dino
[10:42] {Threei}  wtg guys
[10:43] {dino} gj ron
[10:44] {jfjf64} gld
[10:44] {jfjf64} wow
[10:44] {jfjf64} vmw
[10:45] {Threei}  yes, both GLD and SLW
[10:45] {jfjf64} ignor  vmw
[10:45] {Threei}  probably some new development with EU
[10:45] {jfjf64} sorry
[10:45] {Threei}  making PMs a safe haven
[10:46] {Threei}  (US) US Treasury affirms borrowing authority will be fully exhausted by Aug 2
[10:46] {Threei}  - Again urges Congress to take action to raise the debt limit in a timely fashion.
[10:46] {Threei}  I see no news for these spikes
[10:46] {Threei}  but they tell me to stay away from shorting SLW and GLD for now
[10:47] {jfjf64} who
[10:47] {jfjf64} ??
[10:47] {jfjf64} you  drinkin
[10:47] {Threei}  spikes
[10:47] {Threei}  and voices
[10:48] {dino} drops i see
[10:48] {Threei}  (GR) Greece private union has called for strikes on June 15 to protest austerity measures
[10:48] {jfjf64} oh boy
[10:48] {Threei}  private union?
[10:48] {jfjf64} and  you  driving  ship
[10:48] {Threei}  arenb;t you feel lucky to be on board?? :)
[10:48] {Threei}  feeling
[10:49] {jfjf64} you  alright
[10:49] {jfjf64} !!!!!
[10:50] {jfjf64} time  4  p& j    starving
[10:50] {Threei}  the only regret I have at this point is deciding to stay away from TZA at 34
[10:50] {nemo} I took 34.11
[10:51] {Threei}  and didn't share?
[10:51] {Threei}  tsk tsk tsk
[10:51] {ese} love the way dakt is moving opposite the mrkt right now....thing of beauty
[10:51] {nemo} don't worry, missed most of your calls
[10:51] {ese} market ever turns in my favor????    look out
[10:52] {Threei}  serious selling pressure
[10:52] {dino} ese look vhi
[10:52] {ese} whoaaaa
[10:53] {dino} out vhi .45, +.90
[10:53] {ese} nice......
[10:53] {Threei}  lol, the spread on that thing
[10:53] {ese} really nice......your the man with the thinner than thin
[10:53] {dino} fun stuff
[10:53] {Threei}  I'd need a monthly stock of diapers to ytrade that
[10:54] {ese} count me in there vad
[10:54] {dino} it would pay you for them
[10:54] {Threei}  hehe
[10:54] {Threei}  NOK
[10:54] {dino} frc wants up
[10:55] {Threei}  Nokia Ab OY Hearing renewed chatter circulating about possible sale of mobile segment to MSFT
[10:56] {gregns} c & h on SLW ?
[10:57] {Threei}  kind of , yeah... I am not really fond on playing it
[10:57] {Threei}  this bounce in SLW and GLD is not a natural technical development
[10:58] {Threei}  thus I have hard time trusting technical formations on them
[10:59] {davd} rumor nok being bought
[11:00] {Threei}  hello davd
[11:00] {Threei}  if you would be so kind to take me off ignore...
[11:00] {dino} frc sm l .24
[11:04] {ese} out dakt .73 +.23 with a K and a 1/2 works for me
[11:04] {dino} gj
[11:04] {ese} tks.........not as much nerve required as a vhi
[11:06] {dino} for -140, not very big individual stock drops
[11:06] {dino} lol ese, i only had 400
[11:07] {ese} still doin stocks with spreads big enough that you can run a Mack truck through is nerve racking
[11:08] {ese} ya got nerves of steel there buddy
[11:09] {RonS} that magoo term sticks in my head...hooker spread...
[11:10] {dino} lol
[11:10] {ese} lol
[11:12] {Threei}  68% Say Bank Bailout Money Went To Those Who Caused Meltdown
[11:12] {Threei}  oh good, they are catching up
[11:13] {Threei}  no, they are not:
[11:13] {Threei}  64% Say Government Hasnt Been Tough Enough On Wall Street
[11:13] {Threei}  they still think government is good guys in all this, not realizing that government caused the problem in a first place
[11:14] {dino} meli spike
[11:14] {Threei}  wow... first time balance tipped to this side:
[11:14] {ese} more specifically the goof ball who was in charge before Ben Bernake
[11:14] {Threei}  Generic Republican Candidate 45%, Obama 43%
[11:14] {Threei}  more than that ese
[11:15] {RonS} ...must be a msft buyout rumor...will wait for dave to confirm...
[11:15] {Threei}  think barney frank and whole cohort that created whole concept of making housing affordable for everyone
[11:15] {Threei}  thus creating CRA,
[11:15] {ese} ya ...thats the guy
[11:15] {Threei}  then FNM and FRE
[11:16] {Threei}  then putting AIG behind them
[11:16] {RonS} the problem is that the republicans cannot run a generic candidate
[11:16] {Threei}  thus creating multilayered system encouraging and supporting unsustainable borrowing
[11:16] {Threei}  lol Ron, exactly
[11:17] {Threei}  now they all point fingers at banks
[11:17] {Threei}  in hope that their role as creators of the system will be forgotten
[11:17] {Threei}  or not understood
[11:17] {Threei}  and what do you know... it works
[11:18] {RonS} well...this is the land of OZ...
[11:19] {RonS} ...where the emperor has no clothes...just look at Weinergate...
[11:21] {dino} you are correct 3i
[11:21] {dino} govt created problem, public too dumb to understand it
[11:22] {RonS} “Investors should prepare themselves for a third round of quantitative easing, Simon Maughn, co-head of European equities at MF Global, told CNBC Wednesday.
[11:22] {RonS} “The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” said Maughn. “The bond markets are all smarter than us, and that’s exactly what the bond markets are telling me.”
[11:22] {dino} well, one things for sure, no tightening w/those ump #s
[11:23] {RonS} 10 yr 2.975
[11:23] {dino} cbd out .19, +.44
[11:23] {RonS} gj
[11:23] {dino} ty
[11:24] {Threei}  so let's get it straight
[11:24] {Threei}  economy fainted,
[11:24] {Threei}  they launched QE
[11:24] {Threei}  economy weakened more
[11:24] {Threei}  they launched QE2
[11:24] {Threei}  economy weakened more yet
[11:25] {Threei}  they are considreing launching QE3
[11:25] {Threei}  ok, makes sense now
[11:25] {RonS} that's why they call it crack....the pity is that the Japanese did exactly this that lead to a decade od stagnation
[11:25] {RonS} of
[11:26] {dino} they are trying to inlate it away
[11:26] {Threei}  frikin imbeciles, concerned only about preventing total collapse on their wwatch, no matter what happens down the road
[11:26] {dino} exactly, they get thrown out if deflation wins. salvation thru inflation
[11:28] {dino} and, they do not care about down the road. thats been proven for decades
[11:28] {RonS} lol...Many of you may not know that today is officially National Running Day
[11:28] {Threei}  Running from what?
[11:29] {dino} responsibility
[11:29] {RonS} run Forrest run...
[11:29] {Threei}  hehe
[11:29] {Threei}  greg, that C&H on SLW would have worked
[11:29] {gregns} i got a bit of it
[11:29] {Threei}  cool, wtg
[11:30] {dino} gj
[11:30] {Threei}  when they announce national crawling day, please let me know
[11:30] {Threei}  I may join
[11:30] {RonS} lol
[11:48] {RonS} bap v sm l .40
[11:49] {RonS} atr from yest +.20  fwiw...
[11:50] {RonS} also in frc .18...gotta target on this turkey dino?
[11:52] {nemo} LVS?
[11:53] {dino}  3333
[11:53] {Threei}  don't see anything on it... drifting aimlessly
[11:53] {nemo} 666
[11:53] {dino} around 33 area ron
[11:55] {RonS} thanks...my order in at 32.90
[11:56] {RonS} bap in at 98.90
[11:56] {dino} then i go to .89
[11:57] {dino} 98.40
[11:57] {RonS} np...doesn't seem to matter on these stocks, really
[11:58] {dino} vhi continued w/o me
[11:58] {dino} cbo too
[11:58] {dino} cbd
[12:00] {RonS} fwiw...najarian quote: "it's best to leave some on the table for the next guy"
[12:01] {dino} fortune favors the bold
[12:01] {RonS} oh boy...
[12:01] {dino} ;)
[12:01] {nemo} o.k. you take point dino
[12:01] {RonS} lol
[12:01] {Threei}  you sure it's bold? I always thought it was bald..
[12:01] {dino} altho, my favorite, jesse livermoore, when you get lucky, get out
[12:02] {Threei}  and felt I had an edge
[12:02] {RonS} 'specially if it's a double bagger...
[12:03] {RonS} one for yours...one for her's...
[12:03] {dino} wtf vhi
[12:04] {RonS} msft buyout rumor...
[12:04] {RonS} :D
[12:06] {Threei}  new wave of selling
[12:06] {Threei}  no news
[12:07] {davd} spy 50dma is 133.04
[12:08] {Threei}  (EU) ECB's Stark: ECB is giving consideration to more rate hikes - financial press
[12:08] {Threei}  - A Greek bond rollover would not be the same as default
[12:08] {Threei}  - If debt rollover is not seen as a default, it may be a way of involving the private sector in financing Greece.
[12:08] {Threei}  {private sector} you must be drunk
[12:13] {Threei}  http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201106011038dowjonesdjonline000406&title=german-government-lawmakermore-aid-for-greece-against-budget-law
[12:13] {Threei}  this may be what causing all this selling
[12:17] {RonS} funny in sick way...since when does anyone in government follow the law?
[12:17] {nemo} I was thinking the same thing
[12:18] {dino}  ditto
[12:18] {Threei}  well, yes, but this case has some meaning,
[12:18] {Threei}  simply because next aid package must got through confirmation process
[12:19] {Threei}  and if this guy is correct, it may get rejected
[12:37] {Threei}  (US) Debt discussions between Congressional parties scheduled for June 9- US VP Biden again to host the discussions
[12:37] {Threei}  yes, he is the right guy
[12:39] {_pragmatic} SLW [.65-.75] +0.10
[12:39] {Threei}  all on yor own?
[12:40] {Threei}  all grown-up... (happy tears on my eyes)
[12:40] {_pragmatic} y
[12:40] {_pragmatic} lol
[12:40] {Threei}  :)
[12:40] {nemo} let me help you clean them with some bleach
[12:40] {Threei}  hmmm... no sand paper??
[12:40] {Threei}  you are slipping...
[12:40] {_pragmatic} hard to find the boundaries, when to sell and when to hold
[12:41] {_pragmatic} the fear causes ealier profit taking
[12:42] {Threei}  well, to be fair,
[12:42] {Threei}  it's a lunch time
[12:42] {Threei}  which is better suited for scalping
[12:43] {Threei}  now, if during active time I call for a milk trade and 1:7 ultimate target,
[12:43] {Threei}  and yo find yourself unable to hold beyind 1:1, you have a problem
[12:45] {RonS} out bap .55 +.15  ...had no feakin idea this was a Peruvian bank...
[12:45] {Threei}  who cares
[12:45] {Threei}  they all are just symbols
[12:45] {Threei}  letters with no meaning behind them
[12:46] {Threei}  had this joke many years ago, born during days of anthrax scare
[12:46] {RonS} w/ socialist/communist even in the polls for a Prez election sunday...
[12:46] {Threei}  some small stocks were popping up on various "news" of getting involved,
[12:46] {Threei}  one of them turned out to be a small welding company
[12:47] {Threei}  that put out press release saying:
[12:47] {Threei}  we install antrax-scanning devices
[12:47] {Threei}  meaning, weld them to the wall
[12:47] {Threei}  stock doubled of course, before collapsing
[12:48] {Threei}  AARK I think was the symbol
[12:48] {Threei}  AATK
[12:48] {Threei}  so, the standing joke in the room for a long time was: they all are welders
[12:58] {RonS} out frc .95 -.23 frc it...
[12:59] {dino} me too ron
[13:01] {rizvisy1} .
[13:02] {dino} ggs
[13:06] {nemo} GDX
[13:14] {RonS} oil futes just broke 100
[13:15] {Threei}  PIMCO's El Erian: Not expecting to see any "QE3" program as there would be too many unintended consequences - CNBC
[13:15] {Threei}  - Damage created by QE3 would be greater than benefits.
[13:15] {Threei}  - PIMCO remains underweight USTs due to US fiscal situation, world is starting to worry about US debt issues.
[13:19] {dino} amtd sm l .50
[13:20] {patience} .
[13:25] {dino} jnpr drop
[13:26] {dino} sm l .50
[13:26] {RonS} hearing $JNPR ceo made cautious comments at bank of america merrill lynch technology conference.
[13:27] {dino} out .30, +.80
[13:28] {dino} hmmm
[13:28] {RonS} caught jnpr .64 to 34.09  +.45  thanks dino
[13:28] {dino} gj ron, had a feeling you were riding along
[13:29] {dino} dropping again
[13:30] {RonS} could be an ongoing short somewhere w/ 2oo day ma at 36
[13:30] {RonS} 200
[13:31] {dino} ffiv drop
[13:32] {davd} drop is an understatement
[13:33] {RonS} crm short on 147 break?
[13:33] {dino} bap to .97 tired of it
[13:33] {Threei}  not my cup of tea Ron
[13:34] {RonS} just saying something else is going to crap the bed...
[13:35] {dino} wow dropped stopped and bouinced
[13:48] {RonS} look cien
[13:51] {dino} all dropping w/jnpr
[14:03] {ese} hey there......call me mr side tracked
[14:04] {ese} gotta go anyhow.....see you all tomorrow
[14:04] {Threei}  take care ese
[14:06] {dino} cya
[14:13] {Threei}  new wave of selling seems to come
[14:28] {RonS} qid l 50.50 break?
[14:29] {Threei}  or TZA .50 break
[14:29] {Threei}  bth are valid ways to play breakdown
[14:31] {Threei}  TZA QID 1:1
[14:33] {dino}  filled both of yesterdays gaps, next 12086, 1279, 2221
[14:33] {Threei}  and it doesn't look anywhere near over
[14:34] {dino} seriously cpnsidering stopping amtd -.05 and calling it a good day
[14:34] {nemo} gus 82.69 is weekly pivot on IWM so this is a big level for tna/tza
[14:35] {nemo} guys
[14:35] {Threei}  oh
[14:35] {dino} lol
[14:35] {Threei}  I was wadnering who you were calling gus
[14:37] {nemo} .30 was your breakout level for spy last THur
[14:39] {dino} lol, look at the three of our spelling errors
[14:39] {RonS} nq futes tagged yest low and trying to reverse
[14:39] {Threei}  I will produly consider it my fault, dino
[14:40] {Threei}  my typing skills are highly contagious
[14:40] {Threei}  I type with my finds... knees... elbows...
[14:40] {Threei}  fins
[14:40] {dino} lol
[14:40] {dino} josb lod
[14:42] {dino} meli gave back about 4 pts
[14:43] {Threei}  QID 1:2
[14:45] {dino} gj
[14:48] {Threei}  *(GR) MOODY'S DOWNGRADES RATING TO CAA1 FROM B1; OUTLOOK NEGATIVE
[14:49] {dino} shocking
[14:49] {dino} now greece will complain its the ratings agencies fault they have problems
[14:50] {Threei}  yup
[14:50] {Threei}  tail wags the dog
[14:50] {Threei}  or is it wag dogs the tail?
[14:50] {dino} meli sm l .25
[15:03] {dino} out meli .65, +.40
[15:04] {RonS} gj
[15:05] {dino} ty
[15:09] {gregns} .
[15:10] {dino} amtd to .45
[15:14] {dino} out amtd .47 -.03
[15:15] {dino} calling it a day. thx all for ideas, good time
[15:15] {RonS} cya dino
[15:15] {dino} gj today ron
[15:16] {Threei}  take care dino
[15:25] {Threei}  new lows
[15:25] {Threei}  this is very unusual and possibly game-changing day
[15:26] {Threei}  the way things go lately, you'd get a bounce already, and quite possibly full recovery
[15:26] {Threei}  not only can't market stabilize, it continues selling
[15:26] {nemo} QEII ends this week
[15:27] {RonS} getting tied up at Long Beach?
[15:27] {RonS} besides i thought it was something like the 23rd...
[15:28] {nemo} 6th
[15:30] {RonS} i am hearing the 30th...the pomo schedule gets published weekly i think...
[15:31] {nemo} voices in your head?
[15:31] {patience} .
[15:33] {RonS} rimm dead cat bounce...
[15:47] {Threei}  SPY -3
[15:47] {Threei}  wow
[15:47] {Threei}  been a while since we saw such moves
[15:48] {Threei}  (GR) Greece Fin Min: Moody's downgrade reflects 'media rumors' and does not take into account Govt actions to conduct fiscal reform
[15:48] {Threei}  sure
[15:48] {nemo} So...when do we wake up to "Limit Down" futures
[15:52] {RonS} ...the limit down in the equity futures is pretty big...i think 10%.  only got hit once during crisis and it has been increased
[15:52] {nemo} yeah and we were here for it
[15:52] {nemo} remember that, was my demo week
[15:53] {RonS} http://www.cmegroup.com/trading/equity-index/files/PriceLimitGuide.pdf
[15:53] {nemo} they just issued new margin guidelines yesterday
[15:53] {rizvisy1} how long ago it was nemo/
[15:54] {nemo} fall 2008
[15:54] {Threei}  fall 2008?
[15:54] {Threei}  yeah
[15:54] {RonS} ya, they lowered the margin requirements...
[15:54] {rizvisy1} ok been a while ...
[15:54] {Threei}  world was in deep torture, and we had month after month with no single losing day
[15:55] {Threei}  GOOG Discloses Chinese attempt to hack gmail accounts - financial press
[15:56] {nemo} over 2 months without a losing day
[15:56] {RonS} the new equity margin requirement do not go inot effect until Friday
[15:56] {nemo} Vad was secretly working for Goldman
[15:56] {RonS} into
[15:56] {Threei}  lol
[15:57] {RonS} teaching Lloyd how to be vamoire squid?
[15:57] {RonS} vampire
[15:58] {Threei}  they need teaching?
[15:59] {RonS} they knew vampire...and squid...but needed to learn how to put together
[16:02] {Threei}  have a great evening all, see you tomorrow