May 21 2009

Noticeable improvement over previous days, as we hit 5 out of 8 and kept stops well controlled. Considering long weekend coming, tomorrow may not offer much though.

Session Time: Thu May 21 00:00:00 2009

[08:10] {Threei}  Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET - Expectations for initial claims are 625K v prior release of 637K (range seen from 585K to 675K)

[08:13] {ese} good morning.....got caught up in work /phone calls yesterday and had to leave the board early

[08:14] {ese} appologies for not saying good bye

[08:14] {Threei}  morning ese

[08:14] {Threei}  I am not sure it can ever be forgiven...

[08:14] {Threei}  you may well be looking at years of redemption...

[08:14] {ese} trout smackings etc etc

[08:15] {Threei}  ashes sprinkling over your head

[08:15] {Threei}  extensive soul-searching in the mountain cave

[08:16] {Threei}  (don't forget to leave the address so I drop by with 6-pack)

[08:16] {ese} coming up with anew religion to save the world

[08:16] {Threei}  they say it's profitable

[08:16] {ese} will do

[08:18] {ese} DDUP  +5,80

[08:19] {Threei}  Chrysler could reportedly eliminate all dealerships if bankruptcy deal with Fiat goes unapproved by Bankruptcy Court

[08:19] {Threei}  great

[08:19] {Threei}  have a look at AUY

[08:20] {Threei}  10 break on daily looks tempting

[08:20] {Threei}  pretty much depends on gold strength

[08:21] {ese} yes indeed

[08:22] {magoo} morning

[08:22] {Threei}  magoo :)

[08:22] {ese} hey mags

[08:22] {Threei}  buying at 10

[08:23] {magoo} what at 10 boss

[08:23] {Threei}  AUY

[08:23] {Threei}  look at daily

[08:24] {ese} anyone catch that move in auy yesterday

[08:24] {magoo} whats news TSRA

[08:25] {Threei}  SOLF Canaccord Adams Raised SOLF to Buy from Hold

[08:25] {Threei}  TSRA Has won a ITC chip-patent case against Qualcomm

[08:25] {Threei}  - The ruling said that Qualcomm, Motorola and four other companies infringed on the company's patent...more... (related QCOM BRCM MOT )

[08:25] {Threei}  yesterday

[08:31] {Threei}  *INITIAL JOBLESS CLAIMS: 631K V 625KE; CONTINUING CLAIMS: 6.662M V 6.650ME

[08:31] {Threei}  - Prior jobless claims revised from 637K to 643K

[08:31] {Threei}  - Prior Continuing Claims revised from 6.560M

[08:35] {fernp} good morning everybody

[08:35] {Threei}  fern :)

[08:39] {ese} fern

[08:52] {Threei}  ESLR is an embodiment of ugliness

[08:54] {ese} i would agree

[08:55] {ese} share offering at 1.80

[08:56] {ese} BRCD on the other hand has potential

[08:56] {Threei}  BRCD Reports Q2 $0.11 v $0.09e, R $506.3 v $476.4Me

[08:56] {Threei}  - Q2 gross margins 56.2% v 59.7% q/q

[08:57] {Threei}  BRCD Exec: Confident on firm's ability to exceed top and bottom line forecasts provided last quarter - conf call

[08:57] {Threei}  - Note: Back on 2/19, co. expected normal to greater than normal seasonal decline in Q2; guided FY09...more...

[08:58] {Threei}  AUY formed 9.90 - 10

[09:00] {ese} was there news  for auy vad?

[09:01] {Threei}  no

[09:01] {Threei}  gold strength is helping it

[09:02] {nemo} ese, check all the gold and silver stocks

[09:03] {ese} will do

[09:10] {Threei}  AUY took 10

[09:11] {nemo} I have it @10.05 between 7:54-8:00

[09:13] {pita} gm all

[09:13] {Threei}  pita :)

[09:14] {ese} pita

[09:14] {pita} hi ese

[09:15] {dptl} good morning all

[09:15] {Threei}  dp :)

06[09:16] * nemo slaps magoo around a bit with a large trout

[09:24] {patience} good morning RT   :)

[09:25] {Threei}  patience :)

[09:25] {ese} hmmmm    haven't seen the TRIN index at 4.16 since sept / nov

[09:25] {ese} patience

[09:25] {chinggis} gm all

[09:25] {ese} cha ching

[09:26] {jfjf64} mornin

[09:26] {ese} patience....gold is your specialty......what do you make of AUY

[09:27] {Threei}  shingis, jf :)

[09:28] {ese} jf

[09:28] {jfjf64} lets get em today  boys

[09:29] {ese} some major selling goin on  with that trin index at 4+

[09:30] {dino} gm

[09:30] {patience} let me look ese

[09:30] {Threei}  dino :)

[09:30] {ese} dino

[09:30] {Threei}  watching WFC for pullback

[09:32] {ese} i'm thinkin bstop at .06 for auy patience

[09:32] {patience} ese, daily and weekly rsi for AUY ... i wouldn't buy and hold...good for a scalp.  i sold all of my underlying gold stocks early yesterday morning and just hold calls right now

[09:32] {patience} looking

[09:32] {ese} good to know tks

[09:33] {Threei}  around 23.90 first interest but not an entry by default

[09:33] {Threei}  just prepare order woth .95 limit and sit pretty

[09:34] {patience} i don't see gold futures popping yet ese, i am just waiting

[09:35] {Threei}  no pullback

[09:35] {Threei}  don't want to chase it

[09:37] {ese} tks patience

[09:38] {patience} :)    my puts on potash....happy day

[09:38] {ese} don't have access to old futures chart...where do you get that from

[09:38] {ese} gold

[09:39] {jfjf64} wfc

[09:41] {patience} i watch bnn and also feed from Kitco

[09:44] {ese} kitco....? whats that

[09:44] {Threei} Long Setup:  HIG  under .10

[09:45] {nemo} http://www.kitco.com/

[09:45] {patience} www.kitco.com    its a gold site i use

[09:48] {ese} tks   will look into that

[09:48] {Threei}  HIG 1:1

[09:51] {ese} l drys .46

[09:54] {pita} with you ese - stop?

[09:54] {ese} .36 pita   have a couple of lots

[09:54] {pita} ty

[09:55] {ese} q's not going in our favor thought

[09:55] {Threei} Long Setup:  GERN  .95 break

[09:55] {Threei}  if stays above .85

[09:56] {ese} we;ll see....as dino says....stick to the plan

[09:56] {Threei} Long Setup:  HIG  .10 break if stays above 15

[09:56] {magoo} in hig

[09:59] {ese} yes....thats what we like to see....up now

[09:59] {Threei}  takes too long

[10:00] {Threei}  *APRIL LEADING INDICATORS: 1.0% V 0.8%E

[10:00] {Threei}  - prior revised from -0.3% to -0.2% (related SPY SHY EUR/USD )

[10:01] {ese} come on drys......is the philly fed gonna burn me......

[10:02] {Threei}  1:1

[10:02] {ese} noooooo.....the q's like it.........you all like the play by play

[10:02] {fernp} out HIG ty VAD

[10:02] {Threei}  welcome

[10:03] {Threei}  GERN 1:1

[10:03] {ese} consolidating .40 to .45 pita......

[10:03] {Threei}  HIG 1:2, full out who held part

[10:04] {Threei}  GERN Ticks up on renewed takeover chatter

[10:04] {Threei}  heh

[10:05] {dino} nearest gaps, 8268, 1355, 882

[10:05] {Threei}  (US) Treasury Sec Geithner: Govt bailout program is helping to improve stability of the financial system - House committee testimony

[10:05] {Threei}  - Govt borrowing risks crowding out private investment. (related EUR/USD GBP/USD USD/JPY USD/CHF USD/CNY TLT SHY )

[10:05] {Threei}  HIG, don't do it

[10:05] {Threei}  GERN over 1:2

[10:06] {dino} schw l .00

[10:07] {magoo} out gern .20 TY vad

[10:07] {Threei}  welcome

[10:07] {dino} fast foods holding well

[10:07] {dino} pnra, bwld, mcd, aipfc

[10:07] {magoo} out hig .53 TY

[10:08] {dino} ed's ok too

[10:08] {Threei}  wow

[10:08] {Threei}  you held it this long?

[10:08] {jfjf64} wow wow

[10:08] {Threei}  wait, let me guess

[10:08] {magoo} yup

[10:08] {Threei}  you bought it and fell asleep

[10:09] {ese} i've done that ....

[10:09] {ese} come on drys....you wanna cover that gap

[10:10] {ese} stopped 1/2

[10:10] {ese} drys -,10

[10:12] {ese} still holding onto 1 lot

[10:12] {ese} we'll see

[10:12] {Threei}  funny symbol... FUQI

[10:13] {pita} out earlier, watching DRYS w you ese

[10:13] {Threei}  btw, don't get scared now but Prez on TV any minute

[10:13] {Threei}  not on economy

[10:14] {ese} ok

[10:14] {Threei}  SCLN Rodman & Renshaw, Inc. Initiates SCLN with Mkt Outperform, price target: $5 (timing uncertain)

[10:14] {Threei}  - likely pre-open

[10:15] {ese} back long drys another lot .35

[10:15] {dino} nvec

[10:15] {dino} crazyu 5 day

[10:16] {ese} avg price .41

[10:16] {dino} watching, nvec, bwld, gme, bwy

[10:17] {Threei} Long Setup:  STT  .110 break half lot

[10:17] {Threei}  under .95 invalidated

[10:18] {Threei}  let's modify it

[10:18] {Threei}  43 break

[10:18] {Threei}  stop under .90

[10:18] {Threei}  half lot!

[10:18] {magoo} in

[10:18] {Threei}  it didn't break yet

[10:19] {nemo} ready...fire...aim

[10:19] {ese} am out drys if it breaks .29

[10:19] {ese} doesn't look as though i'm gonna win here

[10:19] {Threei}  and market is still downticking... aggressive entries are recommended if market leads in your direction

[10:20] {Threei}  US House Appropriations Chair: Cannot support the IMF with US funds until Europeans increase their efforts on stimulus (related EUR/USD USD/CHF GBP/USD BUNDS )

[10:20] {Threei}  wow... do I hear common sense coming from House??

[10:20] {ese} thought that what i was doing with drys ...maybe not

[10:21] {Threei}  wasn't addressed to you ese

[10:21] {Threei}  over 1:1 STT

[10:22] {ese} ok.......was still agressive entry .......hanging on by a thread

[10:23] {ese} somtimes you are the bug sometimes you are the windshield.......

[10:23] {ese} out drys .28

[10:23] {pita} splat!

[10:23] {pita} know the feeling well

[10:23] {ese} too funny

[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'

[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'

[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )

[10:23] {Threei}  DELL Exec: Expecting IT expenditures to return in 2009; company is in 'buying mode'

[10:23] {Threei}  - Expects MSFT windows 7 to be 'big'

[10:23] {Threei}  - Focus remains on tacking back US market share (related MSFT )

[10:24] {Threei}  sorry for double

[10:24] {nemo} vodka in coffee?

[10:24] {Threei}  who DELL intends to take market share back from?

[10:25] {nemo} HP?

[10:25] {Threei}  hard to imagine anyone would buy HP... but whatever

[10:25] {dino} cern

[10:25] {ese} who in the DELL.....interesting way to phrase it

[10:25] {nemo} have one of their laptops

[10:26] {Threei}  GERN lost its mind

[10:27] {Threei}  can I have my .18 sell back?

[10:27] {ese} am gonna keep watching drys pita.......am gonna give it another shot at 6.50

[10:28] {pita} watching w you

[10:29] {Threei}  STT went over 1:2... mags, what is it you want from it??

[10:30] {ese} 6 is major support for this stock with a 9 target......theres money here somewhere

[10:30] {nemo} yeah, but wouldn't the stop have been moved to b/e after 1:1

[10:30] {Threei}  I just know he is holding itr

[10:30] {nemo} itri?

[10:30] {Threei}  so I am trying to nudge him back into reality

[10:30] {nemo} why? he's never been there

[10:31] {Threei}  but I am still trying

[10:31] {Threei}  I don't give up on people

[10:31] {Threei}  even on magoo

06[10:31] * nemo slaps magoo around a bit with a large dose of Vadreality

06[10:31] * Threei slaps magoo around a bit with a large dose of realty in a bottle

[10:31] {nemo} oh shit

[10:32] {nemo} Funny, never looked for reality in a bottle :)

[10:33] {Threei}  (CA) Canadian Fin Min: Canada is not making preparations to place limits on Credit Card interest rates (related DFS AXP MA V COF )

[10:33] {Threei}  good

[10:39] {dino} sm l bwld .53

[10:44] {dino} intc l .24

[10:53] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[10:58] {Threei}  (US) House Panel reportedly rejects proposed renewable energy legislation with nuclear clauses

[10:58] {nemo} figures

[11:02] {Threei} Short Setup: CAT  .70

[11:03] {nemo} too fast

[11:06] {Threei}  US Treasury Sec Geither: US must implement policies that encourage a sustainable confidence in the USD

[11:06] {Threei}  yes please

[11:12] {magoo} HIG prob good here

[11:12] {nemo} stop

[11:12] {Threei}  not sure mags

[11:12] {magoo} i am

[11:12] {magoo} .15 when i said it

[11:13] {Threei}  good luck then

[11:13] {nemo} hehehehe

[11:16] {Threei}  HIG is kind of 50/50 here mags

[11:16] {Threei}  not a trade I would be willing to put on now

[11:16] {nemo} why 50/50 now?

[11:16] {Threei}  we are 4 for 5, why dive again in that pattern of small stops destroying profits

[11:17] {Threei}  breaking the pattern of lacklustre days I prefer to keep profit and remain on conservative side, especially coming into long weekend

[11:17] {nemo} so, it's not pattern specific?

[11:17] {Threei}  what?

[11:18] {nemo} on HIG

[11:18] {nemo} it's probability?

[11:18] {Threei}  what pattern is that?

[11:18] {Threei}  I see no pattern

[11:18] {nemo} Guess that's the point, just running a channel

[11:19] {magoo} well..financials started a bounce when i called it...plus mkts started a slight bounce

[11:19] {magoo} it should be scalpable

[11:19] {magoo} stop .97

[11:19] {Threei}  yes, and add to that the fact that this whole week market tended to fall into random moves after brief period of opening activity

[11:19] {magoo} thinking .47 ecxit

[11:20] {magoo} but heh..who knows..who cares

[11:20] {magoo} take it..scalp it..or stop it:)

[11:21] {magoo} RF moving wfc moving stt moving

[11:21] {magoo} HIG...GET MOVINMG HE HE

[11:21] {ese} out to teach a class catch you all in an hour or so.......i may miss dyrs run

[11:21] {Threei}  we will hold the lid on it ese

[11:21] {nemo} maybe not Magoo though

[11:22] {jfjf64} see ya ese

[11:22] {magoo} ill go long drys ESE, that will hold it down for u

[11:22] {ese} tks vad appreciae that.....oh for sure mags will definately profit at my expense

[11:22] {ese} se what i mean

[11:22] {fernp} I am long drys 6.26 ese

[11:26] {nemo} gold an silver coming back

[11:26] {patience} bought more calls of Goldcorp hour ago

[11:26] {patience} geithner started speaking, pop goes gold

[11:27] {nemo} soon the greenback will only good as toilet paper

[11:27] {nemo} on second thought, won't even be good for that

[11:27] {patience} stop, you'll make vad cry

[11:28] {nemo} why...he's Loonie?

[11:28] {Threei}  give it a 3 seconds thinking

[11:28] {Threei}  not more to avoid crushing headaches

[11:28] {nemo} you told me not to think :)

[11:29] {nemo} Let me stand up and take the pressure off my brain

[11:35] {nemo} Trading tomorrow before the holiday, should be quiet...probably means it won't

[11:37] {dino} snps

[11:38] {jfjf64} 9.00 break  fas   what ya  think  vad

[11:39] {dino} dw

[11:39] {Threei}  nah

[11:39] {Threei}  spiked into 9 from 8.90

[11:39] {Threei}  not without pullback

[11:39] {jfjf64} see that 

[11:39] {Threei}  and come consolidation between these two levels

[11:40] {jfjf64} tkin time  but  see paths  we  tk    ty

[11:41] {magoo} wow

[11:41] {dino} would like to see 1355 and 882 fill

[11:41] {magoo} i had offer out there .47 stt..went get coffee..look at top

[11:42] {Threei}  jeez... you held your STT all this time?

[11:42] {magoo} no

[11:42] {magoo} reentered on hig call

[11:42] {Threei}  okay

[11:42] {magoo} btw..hig working

[11:44] {magoo} .16 cents HIG

[11:44] {magoo} no complaints

[11:45] {jfjf64} goota  run   see  ya  guys  in  little

[11:45] {Threei}  tak care jf

[11:48] {dino} cya jf

[11:50] {pita} gotta go, happy huntin'

[11:51] {Threei}  pita :)

[11:52] {Threei}  dino

[11:52] {Threei}  it's offical: we are in minority

[11:52] {dino} cya pita

[11:52] {Threei}  55% Back Higher Fuel-Efficiency Standards  Even If Car Costs More

[11:52] {dino} yeah, but 85% will not buy them

[11:52] {Threei}  true

[11:53] {Threei}  yapping and acting are two different things

[11:53] {dino} hey, i'd like more efficiency, but i'm not sizing down for 5 extra miles/gallon

[11:55] {Threei}  AUY did it, but I'll be damned if I could read that move i=on intraday

[11:56] {nemo} slw on break of .45?

[11:57] {Threei}  by chart yes

[11:57] {Threei}  problem is, these names do not really trade on their own merits

[11:57] {Threei}  they follow gold/silver

[11:57] {Threei}  and I don't have read on those

[11:58] {nemo} where's patience?

[12:01] {dino} sm l dw .75

[12:04] {patience} where's nemo?

[12:04] {nemo} swimming

[12:04] {nemo} poking cyclops eye out

[12:05] {dino} who's nemo?

[12:05] {nemo} what's a matador?

[12:06] {dino} what's on second

[12:08] {Threei}  GM Reportedly UAW reaches agreement with the US Treasury and GM; includes modifications to labor contracts and to VEBA trust (related F.IT F )

[12:09] {dino} ddrx

[12:09] {dino} these coffee co. are wierd

[12:11] {magoo} hey look HIG

[12:11] {magoo} out

[12:12] {magoo} [11:19] {magoo} thinking .47 ecxit

[12:17] {Threei}  good job

[12:26] {Threei}  how do finnies stay near highs while market goes for breakikng the lows?

[12:27] {magoo} thgey are strong..so if mkts ripped up..the would too

[12:27] {Threei}  that's a very strange divergence

[12:35] {nemo} and this market is normal?

[12:38] {dino}  as normal as it will be for a long time

[12:39] {dino} in my opinion, te difference is the internet, as in everything happens instantly. nobody waits for the news paper to read and think about it anymore

[12:39] {Threei}  I don't know whether there is such thing as normal market

[12:39] {Threei}  it's just a matter of adaptability

[12:39] {dino} therefore reactions are fast, furious, and overreations

[12:40] {Threei}  DRYS is finally showing signs of life

[12:40] {Threei}  LVS Plans to officially open Bethlehem, PA casino 5/22

[12:41] {dino} lots of casinos close to me all of the sudden

[12:44] {dino} ctxs

[12:47] {Threei}  AMGN Teva files patent complaint against AMGN, claiming Sensipar uses a Teva patent

[12:49] {Threei}  hitting day low

[12:49] {ese} i'm back....and missed drys to boot

[12:49] {Threei}  .10 break is worth a try short

[12:49] {Threei}  if stays under .20

[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA

[12:50] {chinggis} sorry what stock vad?

[12:50] {dino} 12:50 bounce time

[12:50] {Threei}  LVS Receives final approval for Sands Casino Resort in PA; to open doors May 22

[12:50] {Threei}  - will debut with 3,000 state-of-the-art slot machines and a variety of dining and entertainment opt...more...

[12:50] {Threei}  AMGN chinggis

[12:50] {chinggis} ty

[12:56] {ese} auchhh nu aye!!!!   i've gotta stop this workin for a livin......it's pains me to see drys like this....

[12:56] {Threei}  lol

[12:57] {ese} if it goes past .75.....who knows where it will end

[12:57] {dino} zzzzzzzzzzzzzzzzzz

[12:58] {ese} how bout CEPH dino

[12:58] {ese} long at 60........

[12:59] {Threei}  no go AMGN

[13:00] {dino}  nice entry

[13:00] {ese} lets have a look then

[13:01] {dino} bwy app. lod, thin

[13:01] {ese} entrez vouszz  where vad

[13:01] {Threei}  huh?

[13:01] {nemo} ceph vad

[13:01] {ese} amgn

[13:01] {nemo} he shorted ese

[13:02] {Threei}  I am beyond lost

[13:02] {Threei}  I'll leave it to you to sort out that dialog

[13:02] {ese} oh oh...got that wrong

[13:02] {dino} stay w/us vad, lol

[13:02] {Threei}  not easy dino, not easy :)

[13:02] {ese} when you said no...go amgn....i thought you were talking to me to consider amgn

[13:03] {nemo} You talkin' to me?

[13:03] {dino} sometimes i expect too much

[13:03] {ese} drys ...ever=ready battery

[13:04] {ese} wheres pita.....did he do anything with drys

[13:05] {ese} auy mosied on up there as well

[13:05] {nemo} and slw

[13:08] {ese} ok dino am considerin 1/2 Ceph at .00

[13:08] {ese} with the price target lowered to 80 from 90.....it's gotta be a sure thing.....it's just gotta

[13:09] {ese} well that attempt at a joke went over like a lead balloon

[13:10] {patience} tough crowd ese    :)

[13:10] {Threei}  going to try FAZ .43

[13:11] {ese} no kidding

[13:12] {ese} how many vad......gonna with ya

[13:13] {Threei}  stop under .35, so calculate your size from it

[13:13] {nemo} kneeslapper ese

[13:15] {dptl} .

[13:15] {dptl} test

[13:15] {Threei}  passed

[13:15] {ese} in .4298

[13:17] {ese} hmmmmmm

[13:19] {Threei}  some youthful enthusiasm all of a sudden

[13:19] {ese} out .47 +.05 and a bit

[13:20] {Threei}  oh come on

[13:20] {dptl} so wierd ..i lost connection to everything but the room

[13:20] {Threei}  no faith whatsoever

[13:20] {Threei}  see dp... gods want you to listen to us only

[13:20] {ese} had too many shs.......05 is good

[13:20] {Threei}  no porn... no quotes

[13:21] {Threei}  too many - 50K?

[13:21] {nemo} vad, he probably had 20000 of the little buggers

[13:21] {ese} no quite

[13:21] {Threei}  offering .51

[13:21] {ese} 5k

[13:21] {Threei}  my a$$ is out

[13:21] {Threei}  5K too

[13:22] {ese} no sense in being greedy now

[13:22] {ese} nice move though

[13:23] {Threei}  5 out of 7 if my math is right

[13:23] {Threei}  much better day than first three

[13:23] {nemo} 3 more calls you'll have to take your shoes off

[13:23] {Threei}  adjusting is happening

[13:24] {Threei}  US Transportation Sec Lahood: US will not increase gas tax this year

[13:24] {Threei}  no?

[13:24] {Threei}  odd

[13:24] {nemo} don't worry, the states will

[13:24] {Threei}  I thopught "increase tax" is new prosperity mantra

[13:24] {ese} just lookin at it it's .04 and a bit not 5

[13:24] {nemo} politician prosperity mantra

[13:24] {Threei}  applicable at all levels, to all goods and services

[13:25] {Threei}  universal

[13:25] {Threei}  tax'em all, and let nobody feel forgotten

[13:25] {nemo} comrade

[13:26] {ese} ahh   wait a minute some did get filled at .42,,,.04 and a bit for some ,05 for some hmmm

[13:26] {Threei}  lol

[13:26] {Threei}  ese... you are as bad at math as any musician

[13:27] {Threei}  ask me how I know

[13:27] {ese} quick scalp trade....anything i could have done to improve that vad

[13:27] {ese} how do you know

[13:28] {Threei}  my wife's math skills lead her to conclusion that she is half my age

[13:28] {ese} ha ha

[13:28] {nemo} my grandmother was 29 for 43 years

[13:28] {ese}  i've been 52 for at least 8 years

[13:29] {Threei}  PIMCO's Gross attributes recent weakness in Bonds, USD, and Stocks due to fears US loses AAA rating

[13:29] {ese} no wait a minute i am 52....that means i got here sooner

[13:29] {nemo} Captain Obvious

06[13:29] * nemo gives vad a tissue

[13:29] {Threei}  it's a pure personal tolerance matter ese... I felt FAZ had some momentum, enough to overcome .50

[13:29] {Threei}  so I offered .51

[13:30] {Threei}  and I hated my performance over last three days so much that I flet I could press just a tad more on a first day when I finally start getting it right

[13:31] {Threei}  I am not pressing in a sense of trying to be overly active yet,

[13:31] {ese} was it prints you were looking at

[13:31] {ese} gave you that feeling

[13:31] {Threei}  but when a trade started moving, at least holding for 1:1 made sense to me :)

[13:31] {Threei}  whole anchilada... look at 1 min

[13:31] {ese} yes i should have done that for sure

[13:31] {Threei}  ascending channel established from 12:00

[13:32] {Threei}  higher lows,

[13:32] {Threei}  flat top around .40 - .42,

[13:32] {Threei}  break of it is entry signal,

[13:32] {ese} hmmm  yes....now that i'm looking at it

[13:32] {Threei}  volume started increasing toward this break

[13:33] {Threei}  thick stocks rarely trade straight up or down, it's always uptick/downtick,

[13:33] {Threei}  this one after the break started making 3 upticks/one downtick dance

[13:33] {Threei}  so... kind of working

[13:33] {Threei}  I let it work

[13:33] {ese} ya ...i'm not use to that yet.....got an uneasy feeling....

[13:34] {ese} call it lack of experience

[13:35] {ese} faz is thick for sure 222,000,000 shs to this point

[13:41] {ese} if fitb gets into that 5 to 6 range.....i'll be thinkin about playing it steady again

[13:42] {Threei}  nice retreat there

[13:42] {Threei}  HBAN too

[13:44] {ese} ya ...when it went haywire gapping up like it did.....i lost touch.....really couldn't tell what it was going to do next

[13:45] {ese} looks like it is coming back down to sanity

[13:56] {ese} outta here until tomorrw.....it's the job thing....would rather be hangin with you all ...take care

[13:57] {fernp} bye ese

[13:59] {dino} cya es

[14:07] {Threei}  PIMCO's BIll Gross: US and UK debt levels moving in wrong direction; not suggesting an imminent US downgrade - CNBC interview (related TLT SHY IEF EUR/USD )

[14:08] {dino} s/p filled

[14:10] {dino} -4% dji, ndx, s/p from yesterday hod

[14:11] {Threei}  starts feeling like crash coming

[14:12] {nemo} short everything?

[14:12] {Threei}  excpet FAZ, QID, SRS etc

[14:12] {nemo} and gold

[14:15] {patience} nope, not gold

[14:16] {nemo} exception patience, sorry if I wasn't clear

[14:16] {Threei} Long Setup:  QID  .70 break half lot

[14:16] {Threei}  if holding above .60

[14:16] {Threei}  if losing it, watch for bounce off .50

[14:16] {patience} i got it nemo   :)

[14:17] {dino} ndx filled

[14:20] {dptl} stopped

[14:22] {dptl} sigh...can't beleive this

[14:22] {Threei}  ?

[14:22] {dptl} got out .69

[14:22] {Threei}  I newver saw it losing .60

[14:23] {dptl} .59 sorry

[14:23] {dptl} i got filled at .59

[14:23] {Threei}  I saw prints out of bounds

[14:23] {Threei}  bid never went under .60

[14:24] {dptl} can't understand this ...i saw .59 and punched..

[14:26] {dptl} oh well the whole week is crap..for me and today i managed to pick all losers :cat amgn ...lol....gonna take a break

[14:30] {nemo} dp...you and I having same run...I started taking week off yesterday, comeback after holiday.

[14:30] {dptl} is it long weekend?

[14:30] {nemo} Memorial Day

[14:31] {dino} monday, no mkt usa

[14:31] {nemo} correct

[14:31] {jfjf64} cat  on  low  of  day   looks  want  to go lower  any read vad

[14:31] {dptl} ok ty

[14:31] {Threei}  everything looks like crashing to me jf

[14:31] {Threei}  that's why I took QID lng

[14:31] {Threei}  long

[14:32] {nemo} [14:11] {&Threei}  starts feeling like crash coming

[14:32] {nemo} [14:12] {nemo} short everything?

[14:32] {nemo} [14:12] {&Threei}  excpet FAZ, QID, SRS etc

[14:32] {nemo} [14:12] {nemo} and gold

[14:32] {nemo} [14:15] {patience} nope, not gold

[14:32] {nemo} [14:15] {nemo} exception patience, sorry if I wasn't clear

[14:32] {jfjf64} just got bk   ty

[14:33] {Threei}  NY: Fed: Dealers submit $13B in 28 day, $75B TSLF auction; $13B accepted; bid to cover ratio 0.17

[14:33] {Threei}  - Stop out rate 0.25%

[14:34] {dino} feels up to gut

[14:34] {Threei}  no crash

[14:34] {Threei}  upticking instead

[14:34] {Threei}  shrug

[14:41] {Threei}  .50 provided nice entry

[14:42] {Threei}  anyone went for it?

[14:45] {dino} nseems i was wrong

[14:46] {jfjf64} nice  read  qid

[14:47] {jfjf64} took  a little  time

[14:47] {jfjf64} wish  i got  involved

[14:47] {Threei}  you didn't short CAT?

[14:47] {Threei}  gave scalp from your mention

[14:48] {jfjf64} did   .58    

[14:48] {jfjf64} half  out .49

[14:49] {dino} 8200 has held since 05-02

[14:53] {Threei}  will try FAZ .70 if holding above .65

[14:54] {Threei}  jf, CAT stop .61 now?

[14:54] {jfjf64} ty

[14:54] {Threei}  feels to me like nice whoosh is coming

[14:55] {Threei}  I wouldn't be in hurry to cover if I were you

[14:58] {jfjf64} .55 took cover   holdin last quarter

[15:02] {jfjf64} .61 last   out

[15:03] {dino}  we are oppisites 3i

[15:03] {dino} wow spelled that off

[15:03] {Threei}  lol

[15:03] {Threei}  opposites complement and balance out each other

[15:03] {dino} lol

[15:10] {jfjf64} ya qid  marcin  again

[15:19] {Threei}  WFC...

[15:19] {dino}  ceph

[15:19] {Threei}  if market is trying for bounce, this one should be able to go to .50 - .60 area

[15:20] {Threei}  trying to find an entry

[15:20] {dino} ogxi continues up

[15:21] {Threei}  that one has no slightest connection with relality

[15:21] {Threei}  it gravity

[15:21] {Threei}  or this univesre

[15:23] {Threei}  ok... .30 break WFC if holding .25

[15:23] {Threei}  invalidated

[15:24] {Threei}  .20 is nice support though

[15:24] {Threei}  so, .25 break if ho,lding above .20

[15:25] {Threei}  ehatever

[15:25] {jfjf64} hmm

[15:27] {Threei}  look at OGXI spreadd

[15:29] {dino}  lol

[15:30] {Threei}  dino... market will prove both of us wrong

[15:30] {Threei}  will just stay here

[15:30] {dino} bidders

[15:31] {Threei}  rug pullers come next

[15:31] {dino} no, an ice cold beer is coming next

[15:32] {nemo} shot of vodka for me on the way out the door gnite maybe cya tomorrow

[15:32] {magoo} i hope so dino.i hope soo

[15:32] {dino} gn nemo, have a good one

[15:34] {Threei}  great... all QFC entries that never triggered and got invalidated, would have been profitable now, lolk

[15:34] {Threei}  WFC that was

[15:38] {dino} wow ogxi put on 2 pts since i said the name

[15:42] {Threei}  what's with GM sudden;y?

[15:45] {dptl} have a good evening all

[15:45] {Threei}  take care dp

[15:46] {dino} cya dp

[15:46] {dino} out intc .17 -.08

[15:46] {dino} -.07 i mean

[15:49] {dino} dw to .59

[15:53] {Threei}  can't believe WFC

[15:54] {Threei}  after all, it was "just close your eyes and buy"

[15:56] {dino} out dw .65, -.10

[16:00] {dino} out schw .80 -.20

[16:00] {Threei}  okay guys

[16:00] {Threei}  aside of this huge missed WFC move, more satisfied with today

[16:01] {Threei}  have a good evening, see you tomorrow

[16:01] {magoo} nite all

[16:02] {dino} gn all