Sep 18 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Something didn't feel right from the get-go. Maybe triple witching, maybe something else - but I limited most calls to half lot and to tighter stops. Good thing as stops were a bit too many. Winning trades trades didn't compensate for them at the end of the day. Gotta have a negative day once in a while, right?

Session Time: Fri Sep 18 00:00:00 2009

[07:56] {magoo} morning

[07:56] {nemo} comrade

[07:58] {magoo} ARNA has conference at 8 a.m

[07:58] {magoo} it hit 7 last nite, crushed here

[08:04] {nemo} where's fearless leader

[08:19] {nemo} back again

[08:19] {nemo} heard from boss yet?

[08:20] {magoo} hes monitoring u as we speak lol

[08:21] {nemo} can take the boy out of the USSR, but...

[08:34] {magoo} used to be u could NOT take the boy out of ussr :)

[08:34] {Threei} sigh

[08:34] {Threei} morning

[08:35] {Threei} conference doesn't sound too rosey?

[08:36] {magoo} hit 7 laast nite

[08:36] {Threei} I know

[08:36] {magoo} sigh, u no longer say good morning on a regular basis

[08:36] {Threei} I merily sold most

[08:37] {Threei} 12:00:24 AM

[08:37] {Threei} Arena Pharmaceuticals Inc In Phase III study, LORCASERIN met all primary efficacy and safety endpoints; NDA Submission on Track for December

[08:37] {Threei} - Patients achieved highly significant categorical and absolute weight loss.

[08:37] {Threei} - 63.2% of patients lost at least 5% of their body weight

[08:37] {Threei} - 35.1% of patients lost at least 10% of their body weight

[08:37] {Threei} - Patients lost an average of 17.0 pounds, or 7.9% of their body weight

[08:38] {ese} morning.....

[08:38] {Threei} ese :)

[08:38] {Threei} The top quartile of lorcaserin patients lost 36% more body weight than the top quartile of placebo patients.

[08:38] {Threei} - 47.2% of patients treated with 10 mg of lorcaserin dosed twice daily lost at least 5% of their body weight compared to 25.0% for placebo (p{0.0001). This result satisfies the efficacy benchmark in the most recent FDA draft guidance.

[08:38] {Threei} - 22.6% of patients treated with 10 mg of lorcaserin dosed twice daily lost at least 10% of their body weight compared to 9.7% for placebo

[08:38] {Threei} so what's the catch

[08:39] {Threei} the rest of the text is just as fine

[08:40] {cosmo} if people can't gain weight they will have to eat more and the planet can't provide the increased consumption?

[08:40] {Threei} wow

[08:40] {Threei} I mean.... wow

[08:41] {nemo} well...we'll then decrease the surplus population

[08:41] {cosmo} i think...

[08:41] {magoo} did not match effectiveness of competitors vad

[08:41] {Threei} respect cosmo... I know human mind can be warped, but this is brilliant

[08:41] {nemo} There ya' go cosmo...thinking...

[08:41] {Threei} really mags?

[08:42] {magoo} huh?

[08:42] {magoo} oh, yea

[08:42] {magoo} on yahoo

[08:42] {Threei} too bad

[08:43] {Threei} I thought we could get a momo

[08:43] {magoo} i thought it was gonna be superstar topday, runner

[08:43] {magoo} news BPFH boss

[08:44] {Threei} Thursday, September 17, 2009 4:30:21 PM

[08:44] {Threei} Boston Private Financial Holdings Inc Halted: To Sell Gibraltar Private Bank & Trust for $93M in cash proceeds

[08:44] {Threei} - completed the sale of Coral Gables, Florida-based Gibraltar Private Bank & Trust for $93M to private investors.

[08:44] {Threei} - Key aspects of sale: $1.4B reduction in total assets, boosting BPFHs key TCE/TA ratio by approximately 100 basis points to 6.2% (1) $50M reduction of non-performing assets, a 34% decline(1) $91M reduction in classified loans, a 39% decline(1) One-time book loss of approximately $35M, with a $17M reduction to tangible capital(2)

[08:54] {ese} dndn....going crazy premarket

[08:55] {magoo} dam..was on my watch list last nite, missed it here

[08:55] {ese} up 2.00

[08:55] {ese} me too

[08:55] {magoo} news DNDN vad?

[08:55] {Threei} not that I see

[08:55] {ese} posible takeover....but thats been around for a week or so

[08:55] {Threei} lol, and repeated many times

[08:56] {Threei} it had press-conference on Tuesday

[08:56] {Threei} at MS I tjhink

[08:56] {Threei} maybe something really encouragiong was said there... but not being in the room, who knows

[08:57] {ese} wwwhhhaaaatttt!!!!! vad....you know all and see all......my very being depends on you.......oh no

[08:58] {Threei} lol

[08:58] {ese} ok......i over did it a little

[08:58] {ese} alright......alot

[08:58] {nemo} whoa...ese...easy on the bennies

[08:58] {Threei} ese... let's quietly back away from computer, calmly and orderly, reach into that medicine cabinet,, and take out daily dose of medication... both of us,..

[08:59] {nemo} yours is liquid and it's in the freezer...vad

[09:00] {ese} phewwwww......ok that worked....lemon cello(done with vodka)

[09:00] {magoo} thats mine

[09:01] {Threei} HBAN Prices $400 Million Common Stock Offering (4.51, 0.00, 0.00%)

[09:01] {fernp} good morning everybody

[09:02] {nemo} haroo

[09:02] {Threei} at $4.20 /sht

[09:02] {Threei} fern :)

[09:02] {magoo} start watching DNDN vad...it may be our "1" today

[09:02] {Threei} it's very easy to read mags

[09:02] {Threei} just two letters actually

[09:03] {magoo} we need to catch iytt right tho..our rinse-a-roo

[09:03] {Threei} nice frightening rinse, if occurs

[09:03] {lasertrev} morning

[09:04] {Threei} trev :)

[09:04] {Threei} remember yesterday's call on AIG?

[09:04] {Threei} within 10 cents off 39 support

[09:04] {magoo} no..did i see it?

[09:04] {ese} still have sm position in hban from yesterday......thats gonna break the highs of .80 in a few days me thinks..all those institutions buying that stock offering at 4,51 will want to make a profit on it

[09:05] {Threei} this is how I can call them and remain at peace with my conscience

[09:05] {Threei} otherwise it's a murderously risky

[09:06] {Threei} ummm

[09:06] {Threei} five me a second mags

[09:06] {Threei} give

[09:06] {ese} palm palm palm palm.......whoa..whats that all about on all my screens

[09:07] {ese} whats the news on that

[09:07] {Threei} but be warned, at the end of the wait you will be slapped mercilessly

[09:07] {Threei} lookie here

[09:07] {Threei} [13:35] {Threei} anyone took AIG?

[09:07] {Threei} [13:35] {Threei} rare case when I can alert it in time... and you waste it

[09:07] {Threei} [13:35] {magoo} im in

[09:07] {Threei} [13:35] {magoo} waiting 43

[09:07] {nemo} .43

06[09:07] * Threei slaps magoo around a bit with a large dose of Alzheimer medication

[09:07] {Threei} PALM had earnings yeaterday ese

[09:08] {ese} did it beat

[09:08] {nemo} nahhh...he's landed on his head too much falling off his trail bike

[09:08] {Threei} cted very strange

[09:08] {Threei} good numbers but started with sharp drop

[09:08] {Threei} then recovery

[09:08] {ese} hmmmmmm

[09:08] {Threei} I shrugged and stopped watching, too weird

[09:11] {ese} looking for an eventual price target on hban........anybody have one

[09:12] {nemo} r1 close above .63

[09:12] {nemo} r2 above ..72

[09:12] {dino} gm all

[09:12] {nemo} r3 above .97

[09:12] {Threei} dino :)

[09:13] {ese} not todays resistance points nemo......big one? 5bucks 6 bucks 7bucks?

[09:14] {ese} heard anything

[09:14] {nemo} no, just looking at what the chart shows...I don't have volume at price access, so I don't know what you need to chew through

[09:15] {dino} ioc

[09:15] {Threei} ese, look dcc plas

[09:17] {Threei} VVUS is happy

[09:17] {Threei} ARNA's competitor

[09:17] {dptl} good morning all

[09:17] {Threei} dp :)

[09:23] {Threei} Reportedly Fed is working on guidelines about bank incentive compensation accross all of the firms it regulates; proposal to come in a matter of weeks

[09:23] {Threei} - report echoes a WSJ report this morning, noting the Fed is looking at compensation curbs on firms ahead of the G20 meeting in Pittsburgh later this month where pay policy is expected to be a leading issue.

[09:23] {Threei} - this latest report says Fed will not propose any hard caps on compensation, and it will not be a "one size fits all" regulation.

[09:23] {ese} ddddddddppppppppp!!!!!!!1

[09:25] {Threei} so... VVUS on radar,

[09:25] {Threei} ARNA, just in case,

[09:25] {magoo} arna, dndn

[09:25] {magoo} pam

[09:26] {magoo} palm

[09:26] {Threei} DNDN as momo candidate labeled RAH (risky as hell)

[09:26] {Threei} LVS

[09:27] {magoo} HURN gap

[09:28] {magoo} watch AIG too vad

[09:29] {Threei} hey

[09:29] {Threei} how many eyes do you think I have

[09:30] {magoo} 3

[09:31] {Threei} Long Setup: VVUS .45' break

[09:31] {Threei} half lot

[09:31] {magoo} in

[09:32] {Threei} stop under .25

[09:32] {Threei} LVS sharp selling

[09:33] {Threei} stop to under .30

[09:34] {Threei} .50 break should do it

[09:34] {Threei} DNDN Deutsche Bank makes positive comments following FDA's draft guidance for cancer vaccines

[09:34] {Threei} - analyst sees approval for Provenge more likely based on the guidelines laid out by the FDA. (28.90, 0.00, 0.00%)

[09:36] {magoo} i took that DNDN .25

[09:36] {Threei} stop under 29?

[09:36] {magoo} yup

[09:37] {Threei} no go VVUS

[09:37] {Threei} LVS becomes interesting

[09:37] {Threei} not ready yet

[09:39] {Threei} Long Setup: DNDN .25 half lot

[09:40] {Threei} stop under the low of this pullback

[09:40] {Threei} and invalidated if loses 29

[09:42] {Threei} invalidated

[09:43] {magoo} PALM bouncer?

[09:43] {Threei} 14 break...

[09:43] {Threei} kind of 50/50

[09:43] {Threei} Long Setup: LVS .80 break half lot

[09:44] {Threei} if stays above .65

[09:44] {magoo} in

[09:46] {Threei} no worky LVS

[09:46] {fernp} stopped

[09:47] {dino} watching stec, heat, fuqi

[09:47] {dino} and usuals

[09:49] {nemo} amed up 1.32

[09:49] {Threei} Long Setup: HIG .45 if holfing above .35

[09:52] {nemo} in palm mags?

[09:53] {Threei} PALM{ feel free to exit here

[09:54] {magoo} out TY

[09:54] {magoo} .17

[09:55] {magoo} DNDN coiling imo..RISKY

[09:55] {Threei} HIG too

[09:55] {magoo} way over 30 in pre mkt..like 30 .60 are i think

[09:55] {Threei} 30.80 high

[09:56] {magoo} in hig aggressibve

[09:56] {Threei} ummm

[09:56] {Threei} dunno about aggressive entries mags...

[09:56] {fernp} FAS dropping mags

[09:56] {Threei} market hasn't found solid footing still

[09:57] {magoo} agree

[09:58] {dino} fuqi l hl .05 risky

[09:59] {fernp} quadruple witching today, no?

[10:00] {dino} y

[10:00] {magoo} big pop VVUS

[10:00] {nemo} arna .50 break stop under .42?

[10:00] {fernp} thanks

[10:00] {magoo} MGM interesting vad

[10:00] {dino} np

[10:01] {dino} fuqi stop is .73, brb need coffee

[10:02] {Threei} I doubt it nemo

[10:03] {magoo} in MGM

[10:03] {magoo} .03

[10:03] {Threei} VVUS

[10:03] {Threei} momo

[10:04] {Threei} WHO: Swine flu supplies will come in below prior estimates - update (related SWINEX GILD ROG.SZ BCRX NVAX )

[10:04] {dino} bpfi s sh .90

[10:05] {Threei} strongly feels like going for 12

[10:05] {Threei} no clear setup... typical momo

[10:05] {dino} bpfh i mean, bstop is .13

[10:06] {Threei} US Labor Dept: California unemployment rate has hit 12.2%

[10:06] {dino} stec close to yesterdays lod

[10:06] {Threei} notes Nevada unemployment rate now 13.2%

[10:07] {Threei} market isn't very happy

[10:07] {Threei} but most are still green

[10:07] {Threei} here is interesting one for bounce: JNPR

[10:08] {dino} fuqi stopped -.28

[10:08] {Threei} strong earlier, hit new 52 week high

[10:08] {Threei} pulled back

[10:08] {Threei} let's see if gives clear indication of bottom

[10:09] {Threei} OK

[10:10] {Threei} usual ranges fpr bottom search,

[10:10] {Threei} 5 cents wide

[10:10] {Threei} .50 break long if holding .45

[10:10] {Threei} etc

[10:10] {dino} fuqi taunting me w/another try

[10:11] {dino} looks like aug gap fill

[10:11] {magoo} who .50 break?

[10:11] {Threei} here comes the bri... VVUS

[10:11] {nemo} baaaaaaaddddd

06[10:11] * Threei slaps magoo around a bit with a large JNPR sign

[10:12] {Threei} lost support, so now next range is .40 - .45

[10:12] {Threei} VVUS, can't really give entry, if you get a feel for momo - try get in on pullbacks

[10:12] {Threei} not a breakout stock

[10:12] {Threei} molst momos aren't

[10:13] {magoo} out MGM .17

[10:13] {magoo} ty boss

[10:14] {Threei} me?

[10:14] {Threei} never called it

[10:14] {magoo} take thge credit..go ahead..helps your room log

[10:14] {Threei} lol

[10:14] {nemo} edit magoo 10:14

[10:15] {magoo} [10:00] {magoo} MGM interesting vad

[10:15] {Threei} and insert my genius call instead?

[10:15] {magoo} [10:03] {magoo} in MGM

[10:15] {magoo} [10:03] {magoo} .03

[10:15] {Threei} yup... that's exactly what I do {G}

[10:16] {Threei} haven't you all seen a call "sell your farm and family and buy all VVUS you can at 11"?

[10:19] {Threei} VVUS is about to break next level

[10:19] {magoo} AIG held well

[10:22] {Threei} 12 on horizon

[10:22] {Threei} ok... fess up, who went for VVUS

[10:22] {nemo} for me...momo...nono

[10:23] {nemo} dino fuqi break of 28?

[10:23] {nemo} damn

[10:23] {Threei} 12

[10:23] {Threei} DNDN strangely meek

[10:23] {Threei} expected much more life in it

[10:24] {ese} me too

[10:24] {ese} have been watching it most of the morning

[10:24] {dino} stec sm l .60

[10:25] {ese} am planning to go long either at .50 or at yesterdays high .79

[10:25] {dino} bpfh to .76

[10:27] {dino} fuqi big rinse

[10:27] {dino} bpfh stopped/cov +.14

[10:32] {fernp} out here JNPR +.10 ty Vad

[10:32] {Threei} :)

[10:33] {Threei} good to havce those starndard plays in your arsenal

[10:33] {fernp} :)

[10:36] {ese} l dndn 1/2 .10

[10:37] {magoo} vad..DNDN trying

[10:38] {Threei} no real oomph...

[10:38] {Threei} things don't have zest for life today

[10:39] {dino} perhaps its an irish spring day then

[10:39] {dino} was for me

[10:39] {nemo} oy

[10:42] {magoo} i hope u got all the nooks and crannies dino

[10:42] {nemo} isn't that english muffins?

[10:43] {nemo} how many licks to get to the center mags?

[10:49] {Threei} VVUS pullback becomes interesting

[10:49] {ese} daaaa.....godd thing that dndn position is just a dabble

[10:50] {ese} good

[10:50] {ese} hmmm is dabble a trading word

[10:50] {Threei} .40 is nice support to bounce off

[10:51] {Threei} give us one more dive VVUS

[10:51] {ese} give us one more dabble VVUS

[10:51] {ese} nahhhhhhh just doesn't work

[10:51] {Threei} BAC BoA Pres of Global Banking Moynihan: could see as many as 500 banks fail (17.69, +0.08, 0.45%)

[10:52] {Threei} Long Setup: HIG 27 break

[10:52] {Threei} if holding above .90 of course

[10:54] {magoo} in

[10:54] {magoo} in

[10:54] {magoo} in

[10:54] {dino} fuqi l .72

[10:54] {Threei} triple lot?

[10:54] {magoo} 6k

[10:54] {Threei} where are 3 more ins then?

[10:54] {magoo} in

[10:54] {magoo} in

[10:54] {magoo} in

[10:55] {Threei} theree you go

[10:55] {Threei} make it easy for us who can't count

[10:55] {magoo} i think DBDNgonna do it

[10:55] {magoo} sheesh

[10:55] {magoo} DNDN

[10:55] {Threei} you know there are three categoriwes of people, right?

[10:55] {Threei} those who can count and those who can't

[10:57] {dino} lphio l .59

[10:58] {Threei} come on market, no shakeouts

[10:59] {Threei} grrrr

[10:59] {magoo} grr

[10:59] {magoo} grrr

[10:59] {fernp} no go

[10:59] {magoo} grrr

[10:59] {magoo} grrr

[10:59] {magoo} grrr

[10:59] {magoo} grrr

[10:59] {Threei} lol

[11:00] {Threei} ah come on

[11:00] {ese} you guys........

[11:00] {nemo} transition week

[11:00] {ese} or girls....as the case may be

[11:01] {dino} fuqi to flat stalled

[11:02] {ese} wanted to try that dino but did not have the nerve

[11:03] {dino} you.....wow

[11:03] {dino} stopped flaty

[11:03] {ese} have got my little safe DABBLE in dndn going

[11:04] {dino} bustin' ya

[11:04] {ese} yup

[11:04] {dino} someone kick stec in the butt upwards

[11:05] {dino} fuqi big drop

[11:08] {ese} your long .70 right.....27.70 or 28.70

[11:09] {nemo} huge volume today

[11:10] {dino} fuqi .34 l

[11:10] {ese} oh.....thouht i saw post that said .72 or something

[11:11] {Threei} Long Setup: UAUA .46 if holding above .40

[11:12] {dino} stopped the .72 flat see above reloaded now

[11:14] {ese} l arna .98

[11:15] {Threei} HGSI Hearing renewed takeover chatter circulating

[11:15] {Threei} - PFE again rumored as potential acquirer (19.60, +0.25, 1.29%) (related PFE )

[11:16] {Threei} rumor machine is back to work

[11:16] {Threei} what a nice racket

[11:17] {Threei} buy, start a rumor, sell

[11:17] {Threei} I need to move to Rumor City

[11:18] {magoo} freakin ARNA going

[11:19] {Threei} STSI

[11:19] {ese} out arna .16 +.18 9k of it

[11:19] {Threei} STSI Hearing chatter court case will be retried against RAI (1.06, +0.12, 12.77%) (related RAI )

[11:19] {dino} fuqi stopped asgain -.15 sheesh

[11:19] {ese} arna moving faster than stink

[11:20] {ese} vad...it's got all of your required volume and quickness too it

[11:20] {Threei} - Note: STSI had previously lost its case against RAI and ifiled motion for new trial in the patent infringement case

[11:20] {ese} X and sales just zippin by

[11:20] {ese} wow

[11:21] {magoo} A

[11:21] {magoo} R

[11:21] {ese} still goin...arna

[11:21] {magoo} N

[11:21] {magoo} A

[11:22] {magoo} rude of u

[11:23] {fernp} aig double bottom?

[11:23] {dino} palm

[11:24] {Threei} it's so close to a stop level, why not try fern

[11:24] {Threei} based on risk alone

[11:24] {fernp} i am in

[11:24] {ese} could be a few days of this for arna.......smarter public next...stupid public day after that

[11:25] {Threei} so what changed since morning on ARNA??

[11:25] {ese} stage 3 trial in something went well

[11:26] {Threei} there is more to the story ese

[11:26] {ese} vad you would have gone 1/2 out and then let the rest ride i guess......

[11:27] {ese} i'm gonna have to buy into that......this would have paid off nicely

[11:28] {magoo} hgsi

[11:28] {ese} whats the rest of the story vad?

[11:29] {Threei} it was pre-announced yesterday after market and ARNA went up to almost 7

[11:29] {ese} huh......

[11:29] {Threei} but opened very low today on the unfavorable comparison of new drug with competitors

[11:29] {ese} iis that where it's headed

[11:29] {dino} out palm +.16

[11:29] {ese} 7

[11:30] {fernp} no go AIG

[11:32] {Threei} HGSI pullback is coming into bounce zone

[11:35] {dino} cedc l .00

[11:37] {Threei} rude shakeout under .50 is coming on HSI,

[11:37] {Threei} possibly under .40

[11:37] {Threei} then bounce

[11:37] {Threei} HGSI that was

[11:37] {nemo} DT on arna?

[11:38] {Threei} unless breaks

[11:38] {nemo} bye....

[11:39] {ese} l arna

[11:40] {ese} .51 out .61

[11:41] {ese} wow this thing

[11:41] {nemo} maybe close the gap today

[11:41] {dino} hgg

[11:42] {Threei} wow

[11:42] {Threei} guess who is on TV

[11:42] {Threei} and this time it's not who you think

[11:43] {nemo} Barney Frank

[11:43] {Threei} VCLK

[11:43] {Threei} breaks 52 weeks resistance

[11:45] {Threei} disgusting day today

[11:45] {nemo} agreed

[11:45] {Threei} can't get into even smooth flow of trades

[11:46] {nemo} so who was on tv?

[11:46] {Threei} wife of who you first thought of

[11:46] {nemo} Barney, I doubt, has a wife

[11:48] {magoo} VVUS

[11:48] {Threei} this is what I mean

[11:48] {Threei} disorderly spikes out of nowhere

[11:49] {dino} cedc out .14 +.14

[11:49] {Threei} no chart pattern to trigger a spike, no news

[11:49] {Threei} just spike

[11:50] {magoo} AIG looks better

[11:50] {Threei} Opposition to Health Care Plan Hits New High of 56%

[11:51] {dino} hgg s.25

[11:51] {Threei} look at VVUS 1 min

[11:51] {Threei} nicely shaped cup,

[11:51] {Threei} retreat now, handle in the making

[11:51] {magoo} yea'

[11:51] {dino} too soon

[11:51] {Threei} if holding .80, that's the handle bottom

[11:53] {Threei} now 12 - 12.02 break is C&H launch

[11:53] {Threei} and btw, look at daily

[11:54] {Threei} if this zone is broken, there is nothing but air up to 13

[11:57] {Threei} couldn't finish handle

[11:58] {dino} agco drop

[12:04] {dino} hgg to .11

[12:05] {fernp} HIG .86

[12:06] {dino} cov +.12

[12:07] {dino} hl agco l .47

[12:10] {fernp} out HIG +.10

[12:10] {Threei} nice one

[12:11] {fernp} ty

[12:14] {magoo} MGM

[12:14] {magoo} maybe lvs

[12:15] {nemo} palm may be DB?

[12:16] {Threei} LVS seems to be picking up the pace

[12:16] {dino} apc

[12:16] {fernp} i just opened .91

[12:17] {Threei} good spot mags

[12:17] {magoo} magoo faints

[12:17] {fernp} and out here +.10

[12:17] {magoo} huits head on keyboard..shorts millions LVS

06[12:18] * nemo sticks smelling salts in magoos ....

[12:19] {Threei} I don'

[12:19] {Threei} t t like PALM here

[12:20] {dino} nemo stec hit your target

[12:20] {nemo} huh? when? what? must have been channeling

[12:21] {nemo} oh, now I remember...ese ask?

[12:22] {nemo} mind of a moth

[12:22] {nemo} ty vad

[12:24] {Threei} VVUS... can't get rid of feeling this one is far from done

[12:24] {magoo} oh no

[12:25] {magoo} just came too

[12:25] {magoo} how'd i get short lVS??? :)

[12:25] {nemo} how'd they let you buy that many shares

[12:25] {nemo} or sell

[12:26] {magoo} i got connections

[12:27] {dino} wow 41-30 on a price reduction to 39

[12:27] {dino} hit my target from yesterday

[12:28] {Threei} doesn't act right, VVUS

[12:29] {Threei} again same thing... spike out of nowhere

[12:29] {dino} no magoo doesn't. they used to say that boy ain't right

[12:29] {magoo} thats anti-spike, right?

[12:33] {dino} giddy-up agco

[12:35] {Threei} JP) G20 leaders have agreed on a profit linked pay compensation - Nikkei news

[12:35] {dino} fuqi perhaps a re test in the making

[12:35] {Threei} US) President Obama has scheduled meeting with China's Hu on 9/22, Russia's Putin and Japan's Hatoyama

[12:35] {Threei} - meeting with world leaders in NYC at UN conclave, ahead of the G20 meeting in Pittsburgh Thursday and Friday of next week.

[12:37] {fernp} IACI strong

[12:37] {dino} agco to .85

[12:37] {magoo} AMR

[12:39] {dino} to .97

[12:42] {dino} to .07

[12:43] {Threei} ARNAagain

[12:45] {dino} out agco .17, +.70

[12:56] {Threei} PALM S&P places CCC rating on watch positive (13.90, -0.54, -3.74%)

[13:10] {nemo} vvus vad forming upward triangle

[13:12] {fernp} AMR .65 break?

[13:12] {Threei} I like it nemo, I just can't make myself trust it

[13:13] {Threei} can't tell AMR...

[13:13] {fernp} ok

[13:13] {nemo} big sell order @ .65

[13:13] {Threei} they work and fail delightfully random today

[13:14] {nemo} conspiracy theory: those damn algo computers screwing up the patterns :)...just kidding

[13:16] {patience} no, go on nemo, get vad going

[13:16] {nemo} hi patience....

[13:16] {patience} slow trading days, just 2 scalps in kinross....

[13:20] {dino} thats why you are patience

[13:20] {nemo} omg

[13:24] {Threei} ARNA Rodman & Renshaw, Inc. Cuts ARNA to Mkt Underperform from Mkt Perform, price target: $3 (timing uncertain)

[13:24] {Threei} hmmm

[13:24] {fernp} out AMR +.05

[13:25] {Threei} I guess it's safe to assume Rodman & Renshaw do not like ARNA

[13:25] {nemo} or weren't in it

[13:26] {Threei} see VVUS?

[13:26] {nemo} oy

[13:26] {fernp} exited too soon (again) :(

[13:27] {Threei} don't regret any of early exits today fern

[13:27] {Threei} very listless trading

[13:27] {fernp} you are right

[13:47] {dino} stec double bottom?

[13:47] {dino} l .24 stop .98

[13:49] {magoo} ALERT DNDN

[13:49] {magoo} DNDN

[13:50] {Threei} SEC's Shapiro: Expects to receive authority to require hedge funds to provide more detailed reporting to regulators

[13:50] {Threei} - notes that a merger with the CFTC could create 'efficiencies', but not expecting for such a merger to take place in the short term

[13:50] {Threei} - it is too early to determine how FNM and FRE can undergo reform

[13:50] {magoo} cant get pre mkt high ofdf my mind

[13:52] {Threei} NASDAQ at high or is it my hallucination??

[13:52] {Threei} 'cause I don't see much following among stocks

[13:52] {fernp} my hallucination too

[13:52] {Threei} like index exists by itself

[14:06] {dino} ice

[14:08] {dino} stec out .40, +.16

[14:12] {fernp} Have to go. Have a happy weekend everybody. down day here. Next week will be better. bya all

[14:12] {Threei} take care fern, not a stellar day by any means

[14:13] {Threei} good thing that I kept most calls to half lot

[14:13] {Threei} and to very tight stops

[14:13] {Threei} had this feeling of things not being right

[14:20] {Threei} Market Internals update at 2:00pmET

[14:20] {Threei} - NYSE volume 1.1B shares, abou 70% above its three-month average; advancers lead decliners by 1.3:1.

[14:20] {Threei} - NASDAQ volume 1.91B shares, about 35% above its three-month average; advancers lead decliners by 1.1:1.

[14:20] {Threei} - VIX index +0.9% to just under 24.00

[14:20] {Threei} - Note: Today is triple witching

[14:22] {Threei} who says even blind squirrel finds acorn once in a while? That squirell sure beats me today, lol

[14:22] {nemo} what's up so strong that the dow is up almost 60 points?

[14:22] {Threei} that is what keeps me puzzled

[14:22] {Threei} I don't see any signs of such strength or such volume

[14:23] {Threei} everywhere I look things are very slow

[14:23] {magoo} hows volume?

[14:23] {nemo} volume on the dow is a hair down. Naz about 120% S&P 100%

[14:23] {Threei} once every blue moon I have this feeling that I couldn't trade 25 cents for a phone call

[14:24] {Threei} today is just that

[14:24] {nemo} awwwww.....don't be so hard on yourself

[14:24] {nemo} let us do it

[14:24] {Threei} nah, it's fine

[14:24] {dino} hmmm not sure what a pay phone costs anymore

[14:24] {Threei} I'll manage

[14:25] {nemo} if you can fin one

[14:25] {nemo} find

[14:25] {dino} good point

[14:25] {dino} suppose thats a dieing industry

[14:25] {nemo} I was gonna' say...short stec below .40...boom

[14:28] {nemo} maybe stec short on pullback to .40?

[14:30] {dino} hgg

[14:31] {dino} thinking stec buy around lod

[14:31] {nemo} watch agco too

[14:39] {dino} stec, dk, could be attempting higher low higher high pattern. needs to break 30.62

[14:41] {nemo} agco might too

[14:42] {nemo} amazing 95% of all mortgages owned by government...FNM FRE

[14:44] {nemo} dino what do you think about BHI short?

[14:45] {Threei} but nemo... the blame is beinjg laid to the wall Street feet

[14:45] {nemo} of course

[14:45] {nemo} that's why the government took over auto industry too

[14:45] {Threei} it's them bad bankers who caused the crisis

[14:45] {Threei} never mond that marching orders were given by WH and Congress

[14:45] {nemo} never fail to take advantage of a crisis

[14:45] {nemo} good for communism

[14:50] {dino} hmmmm

[14:51] {nemo} no....it's ooooooooooommmmmmmmmmmmmmmmm

[14:51] {dino} oh yeah, and obama's resonible saleries to bankers, roflol, citigroup guy is getting $100 million.

[14:52] {dino} wow my spelling sucks

[14:52] {dptl} have a good weekend all

[14:53] {dino} u2 dp

[14:54] {dino} bhi? dk, break of .50 s imo, or here w/hod stop

[14:55] {dino} not thrilled w/it

[14:56] {dino} pcp

[14:58] {dino} www

[14:58] {Threei} take care dp

[15:00] {dino} hgg s .89 stop .02

[15:00] {Threei} SPPI To Raise up to $50 Million from Institutional Investors through 6.62M shares at $7.55 Per Share

[15:00] {Threei} - received commitments from institutional investors to purchase $50 million of securities in a regis... (7.31, -0.20, -2.66%) more...

[15:01] {ese} hey yous guys and girls........am poping back in from Vic High to say have a great weekend ....... had to go in early.....catch ya on monday

[15:01] {Threei} take care ese, have a good one

[15:01] {dino} cya es

[15:01] {nemo} by ese

[15:01] {ese} see ya vad.......am still L dndn with my little dabble and a small position in hban

[15:02] {ese} dinoo nemo....later

[15:02] {dino} nemo you were rigt on stec

[15:04] {nemo} this is really bad.....

[15:04] {nemo} I can't remember what I said..., although looking at the chart, did I say short around .35-40?

[15:05] {dino} .40 you said

[15:10] {nemo} stec bounce of lod

[15:16] {Threei} G20 leaders reportedly will not discuss interest rates; monetary policy; or USD at the Pittsburgh summit - unconfirmed report

[15:16] {Threei} - G20 will call for preparation of exit strategies and coordinate rhetoric

[15:16] {Threei} - Expects communique to remain unchanged with regards to global banking system and lending

[15:16] {nemo} so...I guess they will talk about it

[15:17] {nemo} Call me a cynic

[15:25] {nemo} aig took it's viagra

[15:26] {Threei} no fresh news

[15:28] {nemo} arna in a touchy spot

[15:29] {nemo} bear trap?

[15:29] {Threei} AIG...

[15:29] {Threei} .45 break maybe

[15:30] {Threei} if holdong .20

[15:34] {dino} hgg stopped -.12

[15:37] {dino} www l .85 stop .74

[15:39] {Threei} sigh

[15:40] {Threei} some days are just not meant to be

[15:40] {Threei} Market Internals update at 3:30pmET

[15:40] {Threei} - NYSE volume 1.31B shares, about 56% above its three-month average; advancers lead decliners by 1.5:1.

[15:40] {Threei} - NASDAQ volume 2.37B shares, about 31% above its three-month average; advancers lead decliners by 1.2:1.

[15:40] {Threei} - VIX index if flat, at 23.65

[15:40] {Threei} - Note: Today is triple witching

[15:45] {Threei} OK guys, let's just end this useless day

[15:45] {Threei} havce a great weekend, see you all on Monday

[15:46] {nemo} Peace & Quiet

[15:51] {dino} out www .97 +.12