RealityTrader Trading Log

Wednesday, September 30, 2009

Sep 30 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


Another slow but profitable day. Most plays were on usual suspects. Even such normally balls of fire as AIG took literally hours to resolve some of plays.

Session Time: Sep 30 00:00:00 2009

[07:57] {magoo} wRLIRWILHRSHOIRHJ
06[07:59] * nemo slaps magoo around a bit with a large aslewgowiloll!!!!
[08:03] {KSystems} morning
[08:09] {Threei} SVA Granted Second Order of H1N1 Vaccine from Chinese Central Government
[08:09] {Threei} - Announced today that Sinovac has received its second purchase order for its H1N1 vaccine
[08:10] {Threei} - The 3 million dose purchase order announced today is in addition to the initial order for 3.3 million doses received from the Ministry of Industry and Information Technology of China on September 4, 2009. Sinovac is expected to complete the delivery of 4.5 million doses of PANFLU.1 to the Chinese central government by the end of October.
[08:11] {Threei} BLTXX Baltic Dry Bulk rises approx 1.5%
[08:14] {ese} good morning.......been riding my bike alot lately......am in better shape....tend to get up earlier
[08:14] {nemo} dude
[08:14] {Threei} ese :)
[08:14] {Threei} Preview: Q2 GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:14] {Threei} Consensus expectations:
[08:14] {Threei} - GDP Price Index: 0.0%e v 0.0% Q2
[08:14] {ese} dude
[08:14] {Threei} Preview: Q2 GDP Annualized and Personal Consumption due at 8:30 am
[08:14] {Threei} - GDP Annualized: -1.2%e v -1.0% Q2
[08:15] {Threei} never heard any
[08:15] {Threei} sorry, wring window
[08:15] {Threei} ADP SEPT EMPLOYMENT CHANGE: -254K V -200KE
[08:15] {nemo} whoa two bad reports
[08:16] {Threei} two?
[08:17] {ese} 2 or 3 yesterday as well weren't there
[08:20] {nemo} unemployment and gdp
[08:22] {Threei} ummm
[08:22] {Threei} gdp is not out yet
[08:23] {Threei} that's umm, PREview
[08:23] {nemo} oh...misread
[08:23] {nemo} I thought you were using the prescience of your 3rd eye
[08:23] {Threei} stay within 2-syllable words pls
[08:24] {Threei} don't make me look them up
[08:24] {Threei} tree good. fire bad
[08:24] {Threei} see?
[08:24] {nemo} can't think of a one syllable word for that
[08:24] {nemo} foresight? is that o.k.
[08:24] {nemo} I know it's two syllables but...fairly common
[08:25] {Threei} previse?
[08:26] {Threei} ese, you interested in DRYS?
[08:26] {Threei} Baltic dry index upticked today
[08:26] {nemo} 5 minute chart interesting
[08:26] {Threei} and DRYS started green days while index was still going down
[08:28] {ese} hi vad yup
[08:29] {ese} was in and out of it yesterday .37 to .96
[08:30] {ese} 60k of it
[08:30] {Threei} GDP's coming in econds
[08:30] {Threei} Q2 FINAL GDP Q/Q ANNUALIZED: -0.7% V -1.2%E; PERSONAL CONSUMPTION: -0.9% V -1.0%E
[08:30] {Threei} *Q2 GDP PRICE INDEX: 0.0% V 0.0%E; CORE PCE Q/Q: 2.0% V 2.0%E (related SHY TLT EUR/USD SPY )
[08:30] {ese} didn't want to stick around because of market topping out factor.....who knows where this market is going to go.....was happy wit +.59
[08:31] {Threei} I'll say
[08:31] {Threei} slow narrow day
[08:33] {ese} at some point in time we gotta be heading down......
[08:33] {Threei} or not
[08:33] {nemo} in the end, we're all dead
[08:33] {ese} don't know about you but i'm uneasy right now
[08:33] {Threei} the notion that market has reversed its uoptrend seems to be too widespread
[08:33] {ese} about market direction that is........
[08:34] {ese} for sure.....alot of my trades are 50/50 at this point
[08:34] {magoo} any read NKE vad?
[08:35] {Threei} no... too big gap and too thin stock
[08:36] {ese} either i'm doing something wrong....or...........or.....or what is the question?
[08:37] {ese} follow through on my trades anyway seem to be hit or miss lately....
[08:38] {ese} can only attribute this(or so i'm thinkin) to uncertainly in market......
[08:40] {ese} have been sizing down to be on the safe side......although i was pretty sure about drys yesterday so was comforable with it
[08:53] {ese} theres one i haven't seen on the radar for a while HOKU
[08:53] {Threei} yeah, had news yesterday
[08:54] {Threei} Hoku Scientific Granted $50M initial debt financing by Tianwei, issuing Tianwei 33.3M common shares (60% of shares outstanding)
[08:54] {Threei} - Hoku will also grant Tianwei warrants to purchase an additional 10 million shares of Hoku's common stock at a price per share equal to $2.52. Provides for a majority investment in Hoku by Tianwei and debt financing by Tianwei and China Construction Bank for the construction and development of Hoku's polysilicon production facility in Pocatello, Idaho.
[08:54] {Threei} - The transaction will involve the conversion of $50 million of an aggregate of $79 million in secured prepayments
[08:54] {Threei} - HOKU to continue to trade on NASDAQ.
[08:54] {magoo} PZE vad news?
[08:55] {Threei} not that I see
[08:55] {Threei} last news on it is May 7, lol
[08:55] {magoo} up 6 +
[08:55] {Threei} don't know why but not picked up by my news supply
[08:56] {magoo} crap
[08:56] {magoo} missed it
[08:56] {ese} whoaa what is with that one mags?
[08:56] {magoo} 3 dollars since i asked
[08:57] {magoo} 6 bux to 16\
[08:57] {Threei} LVS Buckingham reiterates Strong Buy rating, price target $21 (17.37, 0.00, 0.00%)
[08:58] {ese} major discovery by this company or something
[08:58] {nemo} they're owned by Petrobras
[08:59] {Threei} Petrobras Energia Participaciones SA ADR
[08:59] {nemo} yep
[08:59] {nemo} was a favorite of Cramer's
[08:59] {Threei} shortable
[09:00] {fernp} good morning everybody
[09:00] {Threei} fern :)
[09:00] {cosmo} hmmm...petrobras...don't they have some wells around where that earthquake just happened?
[09:01] {nemo} so maybe it forced a Jed Clampett?
[09:01] {cosmo} or Dr. Evil
[09:02] {cosmo} nah .... gotta go back to bed...
[09:02] {Threei} PZE Moves higher as today is the closing date for a merger between PZE and Petrobras Energia SA (Buenos Aires PESA)
[09:02] {Threei} - PZE to be the surviving entity
[09:03] {Threei} okay... so it's not an actual news of some event, it's ratjer math of a merger,
[09:04] {Threei} but then again, this kind of things is well known in advance
[09:04] {Threei} why the sudden explosion right now
[09:04] {Threei} shrug
[09:04] {cosmo} TSTR
[09:05] {cosmo} ... w AT&T
[09:05] {ese} so that those in the know......can make a ton of cash.......and we not in the know.....won't!
[09:05] {Threei} it was announced a year ago
[09:05] {Threei} as far as I can see, there is no any new developments
[09:06] {cosmo} k
[09:06] {ese} ok
[09:08] {Threei} lol, it's like everyone forgot about it, and this morning all suddenly looked in their calendars and found a note made a year ago
[09:09] {nemo} looks like RIMM is up of the mat
[09:09] {ese} was just lookin at that.......tempting
[09:09] {ese} mags are you thinking about rimm again?
[09:10] {nemo} he might be thinking about deer
[09:10] {larisa} gm :)
[09:10] {nemo} hi lari!!!
[09:10] {ese} laris
[09:10] {Threei} larisa :)
[09:11] {larisa} :)
[09:11] {dino} gm all
[09:12] {larisa} gm dino :)
[09:12] {Threei} dino :)
[09:13] {dino} :)\
[09:13] {ese} dino
[09:13] {nemo} dino :)
[09:13] {cosmo} TSTR pre mkt spike high = 2.82 fyi
[09:15] {cosmo} .....to bring to
[09:15] {cosmo} market the first fully integrated satellite cellular smartphone.
[09:15] {cosmo} ... w AT&T
[09:15] {cosmo} fwiw
[09:15] {lasertrev} gm
[09:16] {nemo} LT :)
[09:16] {Threei} trev :)
[09:19] {ese} that one should go a bit today cos
[09:19] {cosmo} ... as you wish...
[09:23] {dptl} good morning all
[09:23] {ese} dp
[09:24] {ese} opps sorry dddddddddppppppppppp!
[09:24] {dptl} :)
[09:24] {Threei} dp:)
[09:25] {cosmo} TSTR should hold 2.6
[09:26] {Threei} DRYS
[09:26] {Threei} 7
[09:26] {nemo} aig interesting on 5 minute
[09:28] {magoo} rimm too
[09:34] {Threei} Long Setup: TSTR 2.95 break
[09:34] {Threei} risky and volatile
[09:34] {Threei} stop under .80
[09:34] {Threei} invalidated
[09:35] {Threei} Preview: Sept Chicago Purchasing Managers Index due out at 9:45amET
[09:35] {Threei} **consensus expectations: 52.0e v 50.0 prior (Aug reading of 50 was the highest since Sept 2008
[09:36] {Threei} ICE Hearing early strength being partially attributed to takeover chatter (96.89, +1.85, 1.95%)
[09:36] {Threei} LVS, watching for bounce
[09:37] {Threei} not ready yet
[09:39] {Threei} TSATR modification
[09:39] {magoo} f'in HIG
[09:39] {Threei} .90 break long
[09:39] {cosmo} tsata?
[09:40] {Threei} LVS
[09:40] {Threei} .20 break long
[09:40] {Threei} stop under .10
[09:41] {magoo} numbers 9:45 and 10:30 i beelieve
[09:42] {Threei} no go LVS
[09:42] {Threei} and TSTR is invalidated again
[09:42] {Threei} let's wait out PMI
[09:43] {cosmo} i'll go walk the dogs ...see if that helps..
[09:45] {Threei} SEPT CHICAGO PURCHASING MANAGERS INDEX: 46.1 V 52E
[09:45] {Threei} **sub-indices:
[09:45] {Threei} - Prices Paid: 51.3 v 50.0 last
[09:45] {Threei} - New Orders: 46.3 v 52.5 last
[09:45] {Threei} - Employment: 38.8 v 38.7 last
[09:45] {Threei} - Inventories: 38.9 v 27.5 last
[09:45] {Threei} - Supplier Deliveries: 49.3 v 54.6 last
[09:45] {Threei} - Production: 47.2 v 52.9 last
[09:45] {Threei} - Order Backlogs: 36.7 v 45.8 last
[09:46] {Threei} Long Setup: RIMM .50 break
[09:46] {Threei} if holding above .35
[09:47] {Threei} invaidated, needless to say
[09:48] {Threei} mags, feeling better about HIG?? :)
[09:48] {magoo} its such a f'er
[09:48] {Threei} .50 break long HIG
[09:48] {Threei} if holding .40
[09:49] {nemo} down elevator for awhile
[09:49] {Threei} .40 if holding .30
[09:49] {Threei} usual ranges for bounce
[09:49] {Threei} PZE Nasdaq states that it is currently investigating potentially erroneous trades (17.19, +10.79, 168.59%)
[09:49] {Threei} great
[09:51] {magoo} why /its still 17
[09:51] {Threei} in HIG
[09:51] {Threei} stop under .10
[09:52] {Threei} 1:1
[09:52] {Threei} half out .33
[09:52] {Threei} scalpers get out
[09:52] {Threei} 1:2
[09:52] {Threei} 1/4 more out
[09:53] {Threei} out in full, 1:3
[09:53] {magoo} out .48 TY
[09:54] {Threei} missed LVS bounce
[09:54] {magoo} hit .22
[09:54] {Threei} 09:48] {Threei} mags, feeling better about HIG?? :)
[09:54] {magoo} RIMM?
[09:54] {magoo} AIG too vad, possibly
[09:54] {Threei} what RIMM... bounced already
[09:55] {Threei} kind of hard to manage HIG and RIMM at the same time
[09:55] {magoo} remain calm..just posting possibles
[09:55] {larisa} lol
[09:55] {Threei} AIG retests low
[09:55] {Threei} HIG remains stronger
[09:56] {magoo} looks lowerr
[09:56] {Threei} HIG would be my choice again for the next bounce
[09:57] {Threei} same setup
[09:57] {magoo} UGLY so far out there
[09:57] {Threei} lost .10, invalidated
[09:57] {nemo} market still dropping
[09:58] {Threei} .10 break if holding 27
[09:58] {magoo} jesus no way
[09:58] {magoo} i went for .08
[09:58] {magoo} nissed
[09:58] {Threei} second chance
[09:59] {fernp} missed
[09:59] {Threei} ok, let it go
[09:59] {Threei} no third chance entry
[10:00] {magoo} if i miss..its tough..i went for 08
[10:00] {Threei} don't enter here
[10:00] {magoo} a number coming
[10:00] {nemo} oil
[10:01] {Threei} NAVI Announces Collaboration in the Microsoft WebsiteSpark Program (2.11, +0.05, 2.43%) (related MSFT )
[10:02] {dino} stec gap fill from fri
[10:06] {Threei} Short Setup: RIMM .15
[10:06] {Threei} if stays below .25
[10:06] {magoo} oy im long .13
[10:06] {ese} dino?....would you say that stec has sufficiently filled that gap from 07/15.....i'm looking to go long with this one
[10:11] {cosmo} HOKU
[10:12] {cosmo} tests hod
[10:13] {cosmo} seems happy
[10:13] {Threei} killer volaitlity
[10:13] {Threei} not a reakout stock
[10:13] {Threei} pullback entry, maybe... breakout, no way
[10:13] {magoo} out rimm .31
[10:13] {magoo} sigh
[10:13] {magoo} relief
[10:14] {fernp} FMER 19 break could be interesting
[10:14] {Threei} fmer
[10:14] {Threei} looked at it a while ago
[10:14] {Threei} be careful with it
[10:14] {Threei} can widen spread suddenly
[10:15] {fernp} ok ty
[10:15] {Threei} chart's nice
[10:16] {dino} es, yes imo
[10:17] {Threei} AIG
[10:17] {Threei} should be bounce zone if holding .50
[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:18] {Threei} **consensus expectations:
[10:18] {Threei} Crude: +500Ke
[10:18] {Threei} Gasoline: +1.2Me
[10:18] {Threei} Distillate: +1.2Me
[10:19] {ese} tks dino
[10:19] {Threei} US) House Armed Services Chairman Skelton: US planning accelerated troop withdrawal from Iraq; to withdraw 11 brigades by the end of 2009
[10:19] {magoo} server vad??
[10:19] {Threei} 11
[10:19] {magoo} ty
[10:21] {dino} and you wonder why iran is acting up
[10:21] {nemo} plus we're getting throttled in Afghanistan
[10:22] {Threei} AIG, couldn't nail entry more precisely
[10:22] {Threei} oh well
[10:22] {magoo} i took .75
[10:22] {Threei} a bit too high from .50 support
[10:22] {magoo} not luvin it
[10:22] {Threei} no, I wouldn't either
[10:23] {Threei} you know what... let's make it strict play from here
[10:23] {Threei} move stop to under .60
[10:23] {Threei} if it fails it fails
[10:23] {Threei} and see if you get a spike over .90 for exit
[10:23] {Threei} market is very shaky here
[10:24] {nemo} lvs testing lows
[10:24] {Threei} HIG too
[10:24] {Threei} new lows are likelty here
[10:24] {Threei} let's sit it out
[10:25] {Threei} (US) Pres Obama to spend approx $5B as part of job creation projects
[10:25] {nemo} Yeah, if oil builds are excessive this could really tank
[10:25] {Threei} aren';t you glad he has deep pockets
[10:25] {nemo} I don't have very many more pounds of flesh to contribute
[10:25] {Threei} sorry nemo, your logic escapes me
[10:26] {nemo} which logic
[10:26] {nemo} oil
[10:26] {Threei} excessive oil duils - bad for the market?
[10:26] {Threei} builds
[10:26] {Threei} mags... glad we tightened stop?
[10:26] {Threei} don't enter that far from support next time, deal?
[10:27] {nemo} well if the Chicago numbers tanked the market, might further reinforcement of energy builds hammer it harder?
[10:27] {magoo} yea
[10:27] {Threei} chicago numbers were bad
[10:27] {Threei} how a lot of oil in reserves is bad?
[10:27] {nemo} means energy not being used...takes energy to run economy
[10:27] {nemo} might just confirm and do nothing
[10:27] {Threei} that is if you look backward
[10:27] {nemo} or...
[10:28] {Threei} if you look forward, it's an oil price killer
[10:28] {Threei} which is good
[10:28] {nemo} for the consumer, yes
[10:28] {Threei} which way market choses to look at it - totally mood dependent
[10:28] {Threei} right, and consumer is major concern
[10:28] {Threei} but anyway, we will know very soon
[10:29] {nemo} waiting with baited breath
[10:29] {nemo} wonder where that saying came from?
[10:29] {Threei} 30 seconds
[10:30] {nemo} the stress is unbelievable
[10:30] {Threei} DOE CRUDE: 2.8M V +500KE
[10:30] {Threei} GASOLINE: -1.66MV +1.2ME; DISTILLATE: +323K V +1.2ME
[10:30] {Threei} mix
[10:31] {Threei} larisa.. you still insist we don't kick nemo out?
[10:31] {nemo} where's diesel in that mix...distillates?
[10:32] {larisa} you have to love all your children
[10:32] {Threei} oh great... thanks for giving me a visual;
[10:32] {nemo} yeah...I'll be Abraham's sacrifice
[10:33] {nemo} did I tell you my real name is "Damien"
[10:33] {Threei} demon seed
[10:33] {Threei} ok... saved by the kind girl again, but keep in mind:
[10:33] {Threei} we have 4 ladies in the room now,
[10:33] {Threei} so as Banderas said in Four Rooms,
[10:33] {Threei} Don't misbehave!
[10:34] {nemo} me....never
[10:35] {Threei} can't get a feel here, bounce or stall
[10:35] {nemo} not that I'm qualified, but lookin at the spy and the Q's you have to wonder if they're quasi-bear flags
[10:36] {Threei} this is my feeling
[10:36] {Threei} but if NQ breaks over 1700 here, sizeable bounce is likely to start
[10:37] {Threei} ok, who is in the mood to start trying for bounce,
[10:37] {Threei} Long Setup: LVS .80 break
[10:37] {Threei} if stays above .70
[10:38] {Threei} if loses .70, play is different:
[10:38] {ese} not quasi.....imo....they are
[10:38] {Threei} let's look for double bottom off .60
[10:39] {nemo} just qualifying ese
[10:39] {Threei} also,
[10:39] {Threei} Long Setup: RIMM .30 break
[10:40] {Threei} don't chase, let' it pull back
[10:40] {Threei} there
[10:40] {Threei} next break is entry
[10:40] {Threei} stop is under .20 for hardcore scalpers
[10:40] {Threei} .15 for more sane ones
[10:40] {Threei} LVS invalidated
[10:44] {Threei} don't see clear setup forming on double bottom either
[10:47] {Threei} Short Setup: LVS .60 break
[10:47] {Threei} if stays under .70
[10:48] {nemo} big sell orers @.70
[10:48] {Threei} yup
[10:48] {Threei} want to try it aggressively?
[10:48] {Threei} with ridiculously tight stop
[10:48] {nemo} like .02?
[10:48] {Threei} above .70
[10:49] {nemo} yeah...
[10:51] {Threei} HIG formed .90 - 27 range
[10:51] {magoo} problem w/hig is l;ike yesterday..might just freeze
[10:52] {magoo} ok dip buyers come on in....
[10:52] {Threei} if makrte repeats this yesterday comatose state, so will HIG most likely
[10:52] {Threei} things run in place very fast
[10:57] {Threei} cover half LVS near support
[10:57] {Threei} take advantage of aggressive entry
[10:58] {Threei} see if we get breakdown for the balance
[10:59] {Threei} (US) ICO: August world coffee exports were 7.31M bags
[10:59] {Threei} hmmm... us west coasters drunk half of that I think
[10:59] {Threei} between ese, patience, cosmo and myself
[11:00] {Threei} and dp prefers vodka
[11:00] {Threei} new low LVS
[11:00] {dptl} :) yes
[11:00] {Threei} cover 1/4 more
[11:00] {nemo} ty
[11:00] {Threei} welcome sir
[11:01] {Threei} see larisa? I try hard to be polite
[11:01] {Threei} and sometimes even suceed
[11:02] {Threei} although I have to admit, politness fits me like ballet shoes fit a cow
[11:03] {nemo} hig vad
[11:03] {dino} yong
[11:03] {Threei} bumping of 27...
[11:03] {Threei} not sure about it nemo
[11:03] {Threei} YONG Strength attributed to positive comments from Navallier (8.43, +0.28, 3.44%)
[11:03] {Threei} well
[11:03] {nemo} volume up the last 15 minutes
[11:03] {Threei} if you are ok with 10 cents stop on HIG, why not
[11:03] {Threei} it's a valid setup
[11:04] {Threei} it's just that shorts have this more natural feel to them right now
[11:04] {Threei} LVS short felt right
[11:04] {nemo} yes
[11:05] {Threei} guess who is on TV
[11:05] {nemo} Barbara Streisand?
[11:05] {Threei} you wish
[11:05] {nemo} not really
[11:05] {Threei} lol
[11:06] {nemo} palm strong
[11:07] {Threei} 83% Say Congress Should Post Bills Online For All To Read Before Voting On Them
[11:07] {Threei} fat chance
[11:07] {Threei} that would create situation where constituents read it while enators didn't
[11:07] {nemo} tck and fcx strong
[11:10] {Threei} thank goodness HIG long is ivalidated
[11:10] {Threei} felt uneasy about it
[11:11] {Threei} stop for the last piece of LVS to above .60
[11:15] {Threei} Short Setup: AIG .50 break
[11:15] {Threei} if stays below .65
[11:15] {Threei} Fed's Lockhart: First time home buyer tax credit has shown results; decision on extending it should be based on the health of the housing market - Q
[11:16] {ese} talk about out of wack.....look at AMSC and then look at the press releases....sheesh
[11:17] {Threei} AIG invalidated
[11:17] {ese} how do they expect me to trade in conditions like this!!
[11:17] {nemo} spy and Q's strengthening
[11:18] {Threei} what's wrong with it ese?
[11:18] {Threei} 100 M contract
[11:18] {Threei} a few upgrades
[11:19] {ese} Broadpoint AmTech reiterates Neutral rating, price target $31
[11:19] {ese} it's trading at 33
[11:19] {Threei} piper says 45
[11:19] {Threei} RBC says 25
[11:19] {Threei} shrug
[11:19] {Threei} as if they know
[11:19] {Threei} since when do you pay any attention to those dummies
[11:19] {ese} Update: Price Target raised to $25 from $15 at RBC Capital, maintains Underperform ratin
[11:20] {ese} indeed
[11:22] {ese} it's just goofy thats all.......let me rephrase.....how do they expect "US" to trade in these conditions
[11:23] {Threei} they don't expect us to do anything... less of all make money
[11:24] {ese} raaaathaaaa......difficult one must say......don't you think (read with upper crust british accent....with coners of mouth pulled back)
[11:25] {dino} sm l clw .32
[11:25] {dino} aipc sm l .25\
[11:26] {fernp} will HIG break 27 one day of these?
[11:26] {nemo} dow recovering well
[11:27] {Threei} I don't like it fern...
[11:27] {Threei} market recovers, HIG stays under this resistance
[11:27] {fernp} yeah
[11:27] {ese} to suck in buyers nemo.....then sell off again....imo
[11:27] {dino} amn sm l ave .08
[11:29] {ese} heres the analogy....."the gates are down....the lights are flashing....but that train just ain't commin"......
[11:29] {ese} hmmmmmmmm you could say that about some peoples mental state as well
[11:30] {Threei} I take severe umbrage
[11:31] {ese} lol
[11:31] {Threei} HIG's breaking down
[11:32] {ese} drys ain't biting this little upturn.....still flatlining.......next downturn.....it's goin with it i'll bet
[11:33] {Threei} RIMM...
[11:33] {ese} just as i say that .......it's spikes up
[11:33] {Threei} .50 is breakout leve
[11:33] {Threei} .35 support
[11:34] {Threei} I'd prefer aggresive entry
[11:37] {Threei} AmEx Global Business Travel Forecast: Expects increases in airfares, especially in business class, in 2010
[11:37] {Threei} - A prolonged period of weak demand in the travel industry depressed prices across travel categories in 2009, most notably in hotel, which as an industry can not reduce capacity as well as airlines and car rental companies. Following this weakened demand in 2009, American Express Business Travel expects a pent up need for travel and meetings to be unleashed in 2010. Fuel prices, along with sustained signs of a restarting economy, could also generate slight up-ticks in travel category prices worldwide, particularly in Asia Pacific.
[11:37] {Threei} related AXP AMR UAUA LCC
[11:41] {Threei} RIMM invalidated
[11:41] {nemo} lvs short?
[11:41] {Threei} did Cramer really recommend CIT yesterday?
[11:41] {nemo} yep
[11:41] {Threei} let's see whether I can spell inkredible
[11:41] {nemo} nope
[11:42] {Threei} yes I cak... inkorrektly but who kares
[11:42] {nemo} naught me
[11:42] {Threei} LVS, no
[11:45] {Threei} HIG... was worth a short... why did I hesitate to call it
[11:46] {Threei} all the makngs of breskdown were there
[11:48] {nemo} lvs shapping up as down?
[11:48] {Threei} say what?
[11:48] {nemo} short.. it broke support
[11:49] {Threei} I suspect English is far from being your first language...
[11:49] {Threei} or second
[11:49] {nemo} Warum sagt dass?
[11:49] {Threei} or your language at all
[11:49] {Threei} I don't see LVS as a play here
[11:49] {Threei} either way
[11:52] {ese} am back....logged of accidentally there......."the gates are down....the lights are flashing ...but that train for ese is just not coming"
[11:53] {Threei} worst yet ese... you missed important thing
[11:53] {Threei} nemo sayz I kan't spel...
[11:55] {Threei} NASDAQ ruled PZE trades stand
[11:55] {Threei} I think they are as puzzled as we are
[11:56] {ese} ohhh my goddd how could i miss that
[11:56] {magoo} i think its because its holding here
[11:56] {magoo} obviously the "efficient: mkt want a $6 at $17 in less than 3 minutes
[11:56] {ese} mags are going to be doing anything with rimm
[11:57] {ese} you
[11:57] {Threei} I am genuinely puzzled by the whole thing mags, I've never seen anything like this
[11:57] {nemo} aig broke
[11:57] {Threei} the merger was known for a year, and the date of completion was desgianted from the get go
[11:58] {Threei} why this thing sat in place and then went up only this mroning is beyond me
[11:59] {magoo} i am stalking rimm..not in ..watching aig too
[12:00] {Threei} AIG, watch for dive under .90
[12:00] {Threei} .80 is support for stop placement
[12:00] {Threei} so if you can grab it as close to .80 as possible, on first sign of strength after such dive
[12:01] {Threei} RIMM{ don't know... no structure that I see
[12:02] {Threei} BCRX
[12:02] {ese} tks
[12:02] {Threei} Upgraded as Top Buy in Michael Murphy newsletter
[12:02] {ese} rimm or bcrx
[12:02] {Threei} BCRX
[12:02] {dino} would rather own rimm
[12:03] {Threei} Michael Murphy begs to differ
[12:03] {Threei} as if I knew who he was
[12:04] {Threei} AIG doesn't want to lose .90
[12:05] {Threei} should do so now
[12:06] {magoo} we need mkt help also
[12:06] {Threei} goes without saying
[12:07] {Threei} ok... you can reverse to the upside now markety
[12:09] {Threei} 000270.KS Car production waning due to cash-for-clunkers program
[12:09] {Threei} that's Kia
06[12:09] * Threei kicks market and AIG in the rear
06[12:10] * Threei kicks market and AIG in the rear with heavy duty steel toe army boots
[12:11] {nemo} oooohhhh...heavy artillery....haven't seen that in a while
[12:11] {Threei} that's beuase I was trying to become kinder and gentlier
[12:11] {Threei} now I gave up on that... sorry larisa
[12:11] {nemo} yeah...you failed miserably
[12:11] {Threei} yup
[12:12] {nemo} and damn proud of it I might add
[12:12] {Threei} totally
[12:13] {Threei} market is frozen stiff
[12:16] {Threei} out half AIG
[12:16] {Threei} 43.99
[12:17] {Threei} see? violence works
[12:17] {nemo} geez...might end up with positive indexes
[12:17] {Threei} kind word and a gun are so much more effective than kind word alone
[12:18] {Threei} the most beautiful aspect of this play was this patient waiting for entry... letting market come to us
[12:19] {magoo} ,
[12:20] {Threei} not to put too fine point on it, mags?
[12:20] {Threei} Fed's Lockhart: FOMC members differ on exit strategy timing pace
[12:20] {Threei} credit programs are winding down; credit markets showing healthy signs
[12:21] {Threei} sheesh... leave timing alone for now, tell us what exactly exit strategy even is
[12:22] {ese} somethings rotten in Denmark I tell ya.......this smooth little climb in the qqqq and indexes is not indicative of a change in trend.....still waitin on drys
[12:23] {Threei} told by someone who visited Denmark recently - I'd listen
[12:24] {ese} ya ya.....i'm tellin ya......ya ya
[12:24] {Threei} oh boy... look who has opened his mouth:
[12:24] {Threei} (US) Former Fed Chairman Greenspan: no return to recession in 2010
[12:24] {Threei} some just don't possess this ability to shut the f'up
[12:25] {ese} wait a minute.......just a few weeks back he said things were gonna get worse
[12:25] {Threei} and he said there was no housing bubble
[12:25] {ese} yup
[12:25] {Threei} and he was all for gold standard until he was against
[12:25] {dino} so he will be right no matter what
[12:25] {Threei} there you go
[12:26] {Threei} more from him:
[12:26] {Threei} $2T balance sheets "not sustainable"
[12:26] {Threei} - U.S. growth to average 3-4% in next six months and is currently in "disinflationary" period
[12:26] {nemo} what's "disinflationary"?
[12:26] {Threei} CHTP Share strength attributable to positive comments from TheStreet.com's Adam Feuerstein (2.50, +0.09, 3.73%) (related GETA PARD )
[12:27] {nemo} I know, "deflationary" and "inflationary" but...is that another word for "stagflation"?
[12:27] {Threei} nemo, there is ingection, and then there is disinfection
[12:27] {Threei} infectio
[12:27] {nemo} skip it
[12:28] {Threei} why... I feel the need to fill the void in your language skills {G}
[12:28] {Threei} can't you see I am really qualified?
[12:28] {Threei} I meant "kan't"
[12:28] {nemo} Immanuel?
[12:29] {Threei} yeah, him
[12:29] {dino} well nemo, as clinton would say, "depends on the definition of is "
[12:29] {Threei} not trailing stop for second half AIG
[12:29] {Threei} still under .80
[12:30] {Threei} it was miniscule to begin with
[12:34] {nemo} market is amazing, that bad news, and it's coming back
[12:35] {Threei} wasn't it what I insinuated in the morning?
[12:35] {nemo} No
[12:35] {nemo} You pretty much said it directly
[12:35] {Threei} ah come on
[12:35] {Threei} how often do I get a chance to say "insinuated"
[12:35] {nemo} as often as you want...it's your IM room
[12:36] {dino} lol
[12:38] {Threei} go already AIG
[12:39] {Threei} can't believe this ball of fire takes this long to resolve
06[12:39] * Threei prodes AIG with electrocharged sharp stick
[12:40] {Threei} like poking amoeba
[12:40] {Threei} offering 1/4 more .18
[12:41] {Threei} hit
[12:41] {Threei} stop to under 44 for the last portion
[12:41] {magoo} thought alot highger
[12:41] {Threei} offering at .35
[12:41] {Threei} I am modest magoo
[12:41] {Threei} and humble
[12:41] {Threei} this is the last virtue I still possess
[12:42] {nemo} ow!
[12:42] {nemo} think I sprained my arm falling off my chair
[12:42] {Threei} that's what you get for not belueving me
[12:43] {Threei} (US) US military dispatches two F-16s to intercept small single engine plane not responding to radio calls (related GLD USO )
[12:43] {Threei} where?
[12:43] {Threei} Fed's Kohn: Low rates will likely exist for an extended period; can not predict how rapidly rates will rise; calibrating end of accomodation willl be a challenge
[12:43] {Threei} - Fed could influence rates through asset sales
[12:43] {Threei} - Fed developing additional methods for draining reserves
[12:43] {Threei} - Economy, inflation to determine exit timing
[12:43] {Threei} - Confident on interest on reserves as exit tool
[12:45] {Threei} oh look, my favorite guys speak:
[12:45] {Threei} EU) ECB's Trichet: It is a very demanding time, many lessons must be learned from the crisis
[12:45] {Threei} "these are trying times, my son"...
[12:46] {Threei} small plane in the line is above Indiana
[12:46] {Threei} it's down now, not terror related
[12:47] {Threei} one of the lessons was that the global financial system was too fragile -
[12:47] {Threei} that's deep
[12:49] {Threei} come on AIG
[12:49] {Threei} so close
[12:51] {dino} icfi
[12:51] {magoo} once u fill vad..it prob blows to .80 area
[12:51] {Threei} I don't have a feel for it anymore
[12:51] {Threei} just playing it formally
[12:52] {Threei} can't tell whether it's likely to go more or this is it
[12:56] {ese} well alrighty then.....the market keeps on going up....except when it doesn't
[12:56] {Threei} ewzaktly
[12:57] {Threei} no... wrong spelling
[12:57] {Threei} eqzaktly
[12:57] {Threei} there
[12:57] {nemo} or presicily
[12:57] {Threei} or zat
[12:57] {ese} it's got me bafoozled
[12:57] {dino} out clw .41, +1.16
[12:57] {Threei} wtg dino
[12:57] {nemo} nice
[12:57] {dino} 1.09 opps
[12:58] {Threei} really oops
[12:58] {nemo} take it back vad
[12:58] {Threei} I withdraw my wtg
[12:58] {dino} lol
[12:58] {nemo} $1.09...that's terrible
[12:58] {Threei} yeash, what were you thinking dino
[12:58] {dino} not sure on amn, yesterday took off when i sold
[12:58] {nemo} Can't believe he even wanted to tell us
[12:58] {ese} wow....is all i can say dino...the volume on that is thinner than toilet paper
[12:58] {Threei} just roll with it ese... don't try to predict
[12:59] {dino} 300 only es
[12:59] {nemo} 1 ply toilet paper
[12:59] {Threei} better minds than ours got burned trying to predict general market direction
[12:59] {ese} nice though
[12:59] {Threei} and guess what - they never made any mney
[12:59] {dino} ty
[13:00] {Threei} but they sure wrote a lot of books explaining why no one can read thae market
[13:00] {magoo} mkts LAUCHED
[13:01] {Threei} (IS) Bank of Israel's Fisher: Not planning to raise rates every month
[13:01] {Threei} let's move?
[13:02] {Threei} sheesh... all this market move, and HIG just now broke that 27
[13:02] {magoo} and AIG cant get out of anus either vad
[13:03] {magoo} with mkt clinmb like this, should be testying highs
[13:05] {Threei} (US) Fed's Kohn: Fed has to keep inflation expectations anchored- Q
[13:05] {Threei} - Lot of slack in the economy
[13:05] {Threei} - Maybe extended periods before the removal of low rates
[13:09] {Threei} Ford Credit CEO: We intend to be profitable in near term
[13:09] {Threei} - Looking for alternative sources of funding
[13:26] {Threei} finally!
[13:26] {Threei} out AIG .35, +.50
[13:27] {Threei} can you believe the time it took?
[13:27] {Threei} on AIG,no less - stock that used to move 50 cents in seconds
[13:28] {ese} gotta go make music.....see ya tomorow
[13:28] {Threei} take care ese, make good music
[13:28] {ese} see ya vad
[13:41] {dino} cya
[13:41] {Threei} lol dino
[13:41] {Threei} you are slower than AIG
[13:45] {Threei} CBAK... one thing we missed big today
[13:45] {nemo} were you too busy patting yourself on the back about something?
[13:46] {Threei} that, and looking for a reason to slap you with frozen trout
[13:46] {Threei} luckily you provide one
06[13:46] * Threei slaps nemo around a bit with a large frozen trout
[13:46] {nemo} on a minute to minute basis...like you had to look
[13:47] {Threei} ABAT
[13:47] {Threei} ABAT Hearing rumor that ABAT may have gotten an initial order from Apple for lithium ion batteries for MacBooks (4.25, +0.15, 3.66%)
[14:01] {nemo} cat short?
[14:01] {nemo} oops
[14:01] {Threei} no clear read
[14:02] {nemo} you mean: know kleer reed
[14:02] {Threei} wow
[14:02] {Threei} that's good
[14:02] {nemo} ow
[14:02] {Threei} I need to learn new words
[14:03] {nemo} sprained my other arm falling off the chair after you complimented (?) me
[14:03] {Threei} expand my vocabulary beyond "fire bad, tree good"
[14:03] {Threei} why is it so unexpected... I like to thin of myself as strict but fair
[14:04] {nemo} we'll just call you Ivan
[14:04] {Threei} why? he was really terrible
[14:04] {larisa} I want to kick out both of you now :)
[14:04] {Threei} rofl
[14:04] {nemo} kicked out your own room
[14:04] {nemo} hahahahahaha...typical divorce result
[14:12] {nemo} mmmhh...cat restablished a range, although long would be the thought here...Oh, no, I thought
[14:13] {Threei} RIMM could be more interesting olayer soon
[14:21] {Threei} (US) Reportedly EPA plans to propose limitation of emission rules to "big emitters" (related CARBX )
[14:21] {Threei} heh
[14:22] {Threei} this is the way to move cap and trade witholut senate
[14:30] {Threei} (US) Senate's Dodd: timing "critical" on regulatory reform
[14:30] {Threei} - In October the Senate will write bill on financial rules, but could act in late November and October
[14:31] {Threei} US) Fed's Tarullo: Charge on systemically important firms a promising idea
[14:31] {Threei} - Need to raise capital rules for traded securities
[14:31] {Threei} (CA) Canada's PM Harper: economic performance better than the U.S.
[14:31] {Threei} - Sees beginnings of a fragile recovery
[14:32] {Threei} Short Setup: RIMM 68 break
[14:32] {Threei} if sstays below .10 - .15
[14:39] {Threei} wow
[14:39] {Threei} US) Congressman Sherman: to introduce a bill on Credit Rating companies as soon as next week
[14:39] {Threei} - Bill would empower the government, rather than private firms, to choose who rates debt
[14:39] {Threei} huh???
[14:42] {nemo} probably get tayp paynting into EOQ today
[14:52] {dino} hrp
[14:57] {Threei} before we start searching for last hour plays,
[14:57] {Threei} http://www.realitytrader.com/photography/2009/09/past-curfrew.html
[14:57] {nemo} Ahhhh....I wish I felt like that when I'm trading :)
[14:58] {larisa} is it your plane? :) nice pics
[14:58] {Threei} ty
[14:58] {Threei} and no
[14:58] {Threei} lol
[14:58] {nemo} he's got a 727
[14:59] {Threei} no way... too big carbon footprint {GGG}
[14:59] {larisa} RIMM lost 68
[15:01] {Threei} too sharp drop into support
[15:01] {Threei} couldn't go for it
[15:01] {nemo} everyting is losing support
[15:01] {Threei} bounce into new resistance however
[15:01] {Threei} will be inmteresting to try and short intp
[15:03] {Threei} (US) Moody's: Uncertainty surrounding FDIC "safe harbor" status may affect some credit
[15:03] {Threei} - The ongoing uncertainty over whether the FDIC will continue to grant "safe harbor" status to the securitizations of banks in receivership once new accounting rules are in place could lead to many Aaa-rated U.S. credit card transactions being placed under review for possible downgrade, says Moody''s Investors Service in a new report.
[15:06] {Threei} no bounce for short on RIMM so far
[15:16] {fernp} ok. another slow day but profitable
[15:16] {fernp} good evening everybody. see u all tomorrow
[15:16] {Threei} take care fern
[15:16] {Threei} sorry it's so slow
[15:17] {nemo} I'll take boring and profitable over fast and...(insert hyperbolic adjective here)
[15:18] {fernp} Vad, are you guilty of this slow pace? lol
[15:18] {Threei} well, my favorite days are those when we make 3-5 profitable trades in quick succession after the open, and then I get to ask : can I go home?
[15:18] {nemo} It's magoos fault
[15:18] {Threei} well, fern... people want to blame someone, why not me?? :)
[15:18] {Threei} actually we may establish rolling blame
[15:19] {Threei} tomorrow it will be magoo
[15:19] {fernp} ok. I hate you :)
[15:19] {patience} i did one very boring trade in Teck (my favourite atm) +1.43 happy day :)
[15:19] {Threei} hehe
[15:19] {nemo} so you bottom and top ticked it, geez
[15:19] {patience} i sold 4 cents from the top
[15:19] {patience} :)
[15:20] {Threei} USGS reports 6.3 magnitude earthquake in La Paz, Peru
[15:20] {Threei} what is it
[15:21] {Threei} end of the world is coming?
[15:21] {nemo} what patience, just bought it at S1?
[15:21] {dino} pag
[15:21] {Threei} quake a day
[15:21] {nemo} 12/21/2012
[15:21] {patience} sorry nemo, what is s1
[15:21] {nemo} first support under pivot, it bounced right there
[15:22] {patience} i buy below 30 rsi and i sold above 70
[15:22] {patience} it is oversold right now
[15:22] {patience} trying to decide if i want to be greedy and scalp it...but don't like end of day trades
[15:22] {nemo} geez...don't tell Vad you're using indicators
[15:23] {patience} he knows i still scalp
[15:23] {patience} :)
[15:23] {nemo} which rsi settings do you use?
[15:23] {patience} 5 and 15 for scalping
[15:24] {Threei} AIG
[15:24] {patience} minutes i mean
[15:24] {Threei} let's see if we can get a bounce from .50
[15:24] {Threei} alternatively, .50 break is short if market resumes downward
[15:24] {Threei} so, what we need is upport envelop
[15:25] {Threei} .65
[15:26] {Threei} Short Setup: AIG .50 break if holding below .65 and market drops
[15:26] {Threei} Long Setup: AIG .65 break if holding above .50 and market goes up
[15:26] {Threei} long side sets up
[15:29] {magoo} hig bruta;l again
[15:29] {Threei} sharp downtick market
[15:39] {Threei} this is chnese water torture
[15:39] {nemo} with bamboo shoots under fingernails
[15:40] {nemo} geez
[15:40] {larisa} long at .50 and short at .65 would be perfect :)
[15:40] {Threei} no kidding
[15:40] {Threei} turned into range play
[15:40] {nemo} hedged?
[15:41] {larisa} no, playing range
[15:41] {Threei} initial idea was to enter long closer to .50
[15:41] {Threei} ad that was what I should have stayed with
[15:42] {Threei} okay, finally
[15:42] {Threei} what, still not it??
[15:42] {Threei} come on
[15:42] {larisa} lol
[15:44] {nemo} how's the water?
06[15:46] * Threei whips AIG with donkey's tail
[15:51] {Threei} fiiiinally
[15:51] {magoo} out .77 for chrisssake
[15:51] {magoo} lol
[15:51] {Threei} out .77
[15:51] {Threei} ain't I stubborn
[15:51] {magoo} imagune..i HIG too..same scenario
[15:51] {magoo} tiorture
[15:51] {Threei} where do you think I got donky tail
[15:52] {magoo} out HIG .57 sheesh
[15:52] {Threei} wtg
[15:52] {magoo} brutal;
[15:52] {Threei} I didn't like HIG
[15:52] {magoo} well..hig doesnt like u either
[15:52] {Threei} no... I abused it for too long
[15:53] {Threei} AIG over 1:1
[15:53] {magoo} and it - u
[15:53] {Threei} if it wasn't so close to eod, I'd sit till over .80, lol
[15:53] {Threei} okay... as fern said - torturous day but profitable
[15:54] {Threei} any chance we would close in green?
[15:55] {Threei} AIG 1:2
[15:56] {Threei} mags, if tomorrow we have a slow day it's your turn to take blame
[15:56] {Threei} NQ's green
[15:57] {Threei} DJI 20 points to green
[15:57] {Threei} and 4 minutes
[15:57] {Threei} can it or can it not?
[15:57] {Threei} 15
[15:58] {magoo} :)
[15:58] {Threei} wrong way
[15:58] {Threei} -30
[15:58] {Threei} 2 min
[15:58] {Threei} not going to happen
[15:58] {Threei} red it is
[15:58] {magoo} oops i kicked wrong
[15:58] {Threei} argh
[15:59] {Threei} told you: broch marks the front
[15:59] {nemo} what?
[15:59] {Threei} for russian speaking: tam gde broshka tam kazhetsja pered...
[16:00] {nemo} stob ....... e denge bili
[16:00] {Threei} pinb
[16:00] {Threei} pin
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {larisa} bye :)
[16:00] {magoo} ty
[16:00] {lasertrev} gn all
[16:01] {nemo} gnite

Labels: , , ,

Tuesday, September 29, 2009

Sep 29 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading

Sleepy but nicely profitable day. AIG, RIMM, UAUA, GAME worked nicely for us, with two small stops on HIG and CHIP.

Session Time: Tue Sep 29 00:00:00 2009

[06:38] {KSystems} *yawn*
[06:38] {KSystems} good morning
[07:59] {magoo} morning
[08:08] {ese} good morning if anyone is hangin
[08:11] {patience} morning ese :)
[08:15] {ese} morning patience....sure has been beautiful in our neck of the woods lately
[08:16] {ese} aside from yesterday that is
[08:16] {ese} love this time of year
[08:21] {patience} had to turn the heat on yesterday....slippery slope from here ese
[08:22] {ese} yup....me thinks your right......i've got mine on now......
[08:23] {ese} what are you looking at this morning
[08:43] {Threei} Good morning
[08:43] {magoo} :)
[08:44] {Threei} SQNM is ugly
[08:44] {ese} morning vad...mags
[08:44] {ese} just reading that now
[08:44] {Threei} magoo, ese :)
[08:45] {Threei} SIGA
[08:45] {ese} failed to put in place proper protocals for research.......yuk
[08:45] {Threei} news is probably not very significant but chart is interesting
[08:46] {ese} CIT
[08:46] {ese} big volume....merger on horizon
[08:47] {Threei} lol... marriage made in heaven:
[08:47] {Threei} CIT Group Inc Investor John Paulson is mulling CIT/IndyMac merger - NY Post
[08:47] {Threei} - Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group with failed mortgage lender IndyMac Federal Bank , the New York Post said, citing people familiar with the matter.
[08:48] {Threei} troubled company with failed lender
06[08:48] * nemo slaps magoo around a bit with a large trout
[08:48] {Threei} - According to the paper, the merger, a plan floated by a number of CIT's creditors including Paulson, is not part of any formal discussions between CIT and IndyMac. The New York Post also said the plan of merger was one of several being discussed.
06[08:50] * nemo says, "Good Morning Reality Trader Trading Room!"
[08:51] {ese} morning nemo.....i think
[08:51] {nemo} morning, yes.
[08:51] {ese} ahhhhhh
[08:52] {Threei} CIT... daily chart is interesting for 2 break... news wise, don't know
[08:52] {Threei} just a discussion...
[08:52] {Threei} and of who knows what value
[08:53] {ese} i like it....but was thinking long at 1.95
[08:54] {ese} depending on volume of course
[08:54] {dptl} good morning all
[08:55] {ese} bounce today for rimm? mags
[08:55] {dino} gm all
[08:55] {Threei} dp, dino :)
[08:55] {ese} dp dino
[08:56] {dino} :)
[08:56] {nemo} 15 mnute chart looks intriguing for RIMM ese
[08:56] {fernp} good morning everybody
[08:57] {ese} definately......
[08:57] {magoo} vad, u see sqnm bludgeoning
[08:57] {Threei} fern :)
[08:57] {magoo} was 2.80 last nite
[08:57] {Threei} [08:44] {Threei} SQNM is ugly
[08:57] {magoo} oops
[08:57] {magoo} hey see wag,
[08:57] {magoo} not great news either, slight miss'
[08:58] {Threei} and yet
[08:58] {ese} way overbought
[08:58] {dino} wag
[08:58] {lasertrev} gm
[08:59] {nemo} LT :)
[08:59] {ese} trev
[08:59] {magoo} [08:57] {magoo} hey see wag,
[08:59] {Threei} trev :)
06[08:59] * magoo slaps lasertrev around a bit with a large trout
[09:00] {ese} LT used to stand for luxury trim design on my 74 toyota celica
[09:00] {Threei} CASE SHILLER HOME PRICE INDEX: 144.23 V 141.86 PRIOR
[09:00] {Threei} COMPOSITE-20 Y/Y: -13.30% V -15.40% PRIOR
[09:00] {Threei} - Prior Home Price Index revised from 141.86 to 141.94
[09:01] {ese} HBAN raised to outperform
[09:03] {ese} russian bad loads up,,,,,yours one of them vad......a way to get even perchance
[09:03] {Threei} they don/t include mine
[09:03] {ese} oh
[09:04] {nemo} dcc ese
[09:05] {Threei} either trying to make stats look prettier or in (vain) hope to get it back
[09:08] {nemo} rimm interesting on 5 minute
[09:10] {nemo} aig looking frisky too
[09:14] {nemo} hig again
[09:15] {Threei} HIG is a toothache in the heart
[09:16] {nemo} hi lari :)!
[09:16] {larisa} gm :)
[09:17] {Threei} larisa :)
[09:17] {larisa} vad, nemo :)
[09:17] {ese} laris
[09:18] {larisa} hi ese
[09:19] {ese} vad....hban 1min chart.....flat lining at .40 opinion?
[09:21] {nemo} aig forming tight range
[09:21] {Threei} hard to tell ese...
[09:21] {Threei} see, this one either gets momo or fails
[09:22] {Threei} and premarket volume and pace on it are not very impressive so far
[09:22] {ese} ya true
[09:22] {Threei} daily chart has important resistance at 4.50
[09:22] {ese} tks
[09:23] {ese} ya ...should be more than 1 mil shs to this point
[09:27] {Threei} a lot of buying at 11 on GAME
[09:28] {Threei} aww
[09:28] {Threei} moved
[09:28] {nemo} rimm too
[09:31] {Threei} watching HIG
[09:32] {Threei} Long Setup: GAME 11.10 break
[09:33] {Threei} if stays above 11
[09:33] {magoo} in
[09:33] {Threei} missed HIG
[09:33] {fernp} in
[09:33] {nemo} short fill
[09:35] {Threei} 1:1, half out
[09:35] {fernp} ty Vad
[09:36] {magoo} out game .24 TY
[09:36] {Threei} over 1:2
[09:36] {Threei} 1/4 more out
[09:39] {Threei} HIG, let's see if we get double bottom
[09:39] {Threei} want quick dive under .60
[09:40] {Threei} .70 break if never loses .60 is a possibility
[09:40] {nemo} too quick
[09:40] {Threei} yeah
[09:40] {fernp} missed
[09:40] {nemo} mags got it
[09:40] {Threei} done with GAME for now
[09:41] {Threei} HIG...
[09:41] {Threei} 29 break is probably momo launch
[09:43] {Threei} Long Setup: HIG .90 break if holding above .75
[09:43] {Threei} aggressive entry
[09:44] {nemo} probably test yesteray's close
[09:45] {magoo} which was?
[09:45] {nemo} .62
[09:45] {magoo} MBI wow
[09:46] {Threei} Long Setup: HIG .70 break if holding above .55
[09:51] {Threei} last modification on HIG
[09:51] {Threei} .55 break long
[09:51] {Threei} if stays above .45
[09:52] {Threei} no go
[09:52] {fernp} yeah
[09:52] {Threei} so far GAME is the only game
[09:53] {dino} cedc hl l ,35
[09:53] {dino} .
[10:00] {Threei} US) SEPT CONSUMER CONFIDENCE: 53.1 V 57E
[10:00] {dino} ouch
[10:00] {Threei} FDIC Staff: Propose that banks prepay 3 years in FDIC protection (as expected)
[10:01] {dino} 70 pt swing in minute
[10:01] {Threei} FDIC Staff: Propose that banks prepay 3 years in FDIC protection; Will raise $45B through prepayments (as expected)
[10:01] {Threei} - See deposit insurance fund being in the red by the end of the month
[10:01] {Threei} yeah, waiting it out
[10:02] {Threei} who would have expected... out of all stocks you could think of LULU is one of the strongest
[10:03] {Threei} AIG serious selloff
[10:04] {Threei} ANGO FDA says company websites misbranded sotradecol by failing to give info regarding risks and efficacy (13.92, -0.20, -1.42%)
[10:05] {Threei} DSCO Ticks higher ahead of scheduled meeting with FDA today on Surfaxin
[10:05] {Threei} - on Sept 10, the company announced FDA scheduled a meeting for September 29, 2009
[10:08] {Threei} real blast from the past: NAVR
[10:08] {Threei} didn't think it evenh existed still
[10:09] {nemo} read hig vad
[10:09] {nemo} please
[10:10] {nemo} oops, chart off...nevermind
[10:10] {Threei} HIG is highly market dependent here
[10:10] {Threei} and market is very uncertain
[10:10] {nemo} oh yeah, mirroring spy
[10:13] {Threei} something about UAUA
[10:14] {Threei} daily feels like some tension gathers for the runup
[10:15] {Threei} I normally don't like playing breaks on it
[10:15] {Threei} if retreats toward .30, will be inetresting to try
[10:16] {Threei} with stop under .20
[10:16] {Threei} DSCO again...
[10:16] {nemo} read cat vad?
[10:16] {Threei} CTT Sells 50 Pain Therapy Medical Devices (2.37, +0.14, 6.28%)
[10:17] {Threei} CTT momo
[10:17] {Threei} none on CAT
[10:19] {Threei} I start getting this feeling
[10:19] {Threei} and no, it's not gas
[10:20] {Threei} market prepares for a runup
[10:21] {Threei} not sure whether it materializes today or later in thw week
[10:21] {Threei} but look at the action
[10:21] {Threei} Everything was ready for a serious reversal, right?
[10:21] {nemo} just been consolidations
[10:21] {Threei} couple red days, bears get inspored finally
[10:22] {Threei} then we get a strong green day, and it becomes a matter of "whether it's just a snapback or it was a pullback that bottoms out now"
[10:23] {Threei} today we get disastrous confidence numbers
[10:23] {nemo} it's also eoq
[10:23] {Threei} and market manages to sell for whole 5 mnutes
[10:23] {Threei} and now lingers around flat for the day
[10:24] {Threei} DJI is down 12 point
[10:24] {Threei} NASDAQ 2
[10:24] {Threei} AIG Hearing weakness in name attributed to negative commentary out of Asensio, place vlaue of firm at $0.001/share
[10:24] {Threei} jeez
[10:24] {Threei} haven't heard of Asensio since 2001 I think, LOL
[10:26] {magoo} nice...1 cent...
[10:30] {ese} ya ......have to say vad i can't remember the last time i've heard that name either
[10:30] {ese} .01 cent ehhhhhh.......must have taken all his valuing skills to come up with that one
[10:33] {Threei} we haven't seen full report, maybe he is talking in pre-split prices?
[10:35] {nemo} aig downward triangle testing support from yesteray
[10:41] {ese} any opinions on rimm.....mags......wait another day then go long maybe ?
[10:42] {ese} you play it alot
[10:44] {nemo} aig,,,definition of trend line
[10:45] {Threei} (US) Senate draft of climate bill sets emissions auction floor at $10/ton
[10:45] {Threei} - Emissions to be capped at 6.6B tons in 2012
[10:45] {Threei} - Draft would allow for offsets of up to 2B tons of carbon emissions
[10:45] {Threei} - Trading to start in 2012
[10:45] {fernp} yes, perfect downtrend AIG
[10:46] {nemo} which means everybody else sees it
[10:46] {nemo} so much for that
[10:47] {nemo} yesterday's close was .19
[10:49] {fernp} UAUA around .30 Vad ... but chart is not very interesting
[10:50] {Threei} .25 break was what I was looking for as entry fern, but it jumped while I typed
[10:50] {Threei} it's there again
[10:50] {Threei} if market starts upticking here, will be valid setup
[10:50] {fernp} ok with stop under .20
[10:50] {Threei} right
[10:52] {Threei} even holding against the market...
[10:52] {Threei} HIG too
[10:53] {Threei} HIG looks nice for 28 break
[10:53] {Threei} World Bank's Zoellick: role of the US dollar "remains very significant" (related EUR/USD )
[10:54] {Threei} you think?
[10:54] {Threei} sigh
[10:55] {Threei} CIT Hearing Businessinsider reports refutes acticle in this mornings NY Post (1.80, +0.13, 7.78%)
[10:58] {Threei} (RU) Russian Industry Ministry proposes minimum price for beer sales (related BUD )
[11:01] {nemo} aig broke support for the moment
[11:03] {Threei} Fed Reserve: Proposes rules restricting credit card lending to people under 21
[11:03] {Threei} well
[11:03] {Threei} if they can't be trusted with drinking
[11:03] {nemo} hell, I can't be trusted with drinking
[11:09] {Threei} this quietness is remarkable
[11:09] {Threei} everything was p;ointing out to furious selling
[11:09] {Threei} and instead we have market sitting pretty, doing nothing
[11:10] {Threei} reallty feels like explosion is in cards
[11:10] {nemo} which way though...
[11:11] {Threei} if I meant down I'd say implosion
[11:11] {nemo} oh yeah, right
[11:11] {nemo} dbi jbe
[11:16] {Threei} UAUA 1"1
[11:18] {fernp} yes , waiting .33
[11:25] {Threei} Province of Ontario reportedly files C$50B suit against tobacco firms seeking to recover health care costs (related RAI MO PM LO )
[11:25] {Threei} 50B eh
[11:26] {Threei} let's fix all our financial problems on the back of tobacco companies, lol
[11:27] {Threei} good boy UAUA
[11:27] {magoo} laser quotes are shit again here..anyone else?
[11:27] {fernp} out UAUA ty Vad
[11:27] {Threei} fine here
[11:28] {Threei} fern :)
[11:28] {magoo} ive tried every server..whicjh u on?
[11:28] {nemo} I seem to be o.k.
[11:28] {Threei} 12th
[11:28] {nemo} 4
[11:28] {magoo} ty
[11:31] {nemo} aig up against resistance
[11:36] {Threei} MNKD Achieves main endpoint of Phase 2/3 study, shows AFRESA provides rapid suppression of Endogenous Glucose Production in Diabetes Patients
[11:36] {Threei} - Results from the open-label, single-dose, three-way crossover study showed that endogenous glucose... (10.37, +0.57, 5.82%) more...
[11:37] {dptl} see ya tomorrow all...have a good rest of the day
[11:37] {Threei} take care dp
[11:40] {magoo} vad u see MJN
[11:41] {Threei} yeah but
[11:41] {Threei} Mead Johnson Nutrition Company Hearing strength attributed to takeover speculation
[11:41] {Threei} - FT Alphaville speculates that Danone might make a bid for the company, and that it could fetch $12B in such a deal.
[11:46] {Threei} CHIP Announces $10 Million Financing Commitment (3.15, +0.08, 2.61%)
[11:46] {Threei} daily's nice on CHIP
[11:47] {Threei} holding 3 as oullback support, volume all but disappeared on pullback
[11:48] {Threei} has a history of a runner
[11:48] {Threei} there is a chance traders try to run it once again
[11:50] {Threei} if this offer at .22 is taken, it's a runner
[11:50] {nemo} you saying break of .22?
[11:50] {Threei} this is momo mover
[11:50] {Threei} no technicals on those
[11:51] {nemo} hope it doesn't become a roto rooter
[11:51] {Threei} you have a feel for momo, it's a player
[11:51] {Threei} you don't - stay away
[11:51] {nemo} I have the sensitivity of a quadraplegic rock
[12:01] {Threei} UAUA repeated the trick
[12:01] {Threei} was harder to read this time
[12:01] {nemo} read hig vad?
[12:02] {Threei} it doesn't do anything
[12:02] {magoo} except decay
[12:02] {Threei} may bounce, may rot more
[12:02] {Threei} roll the dice
[12:21] {Threei} Long Setup: RIMM .10 break if holding 67
[12:22] {ese} finally somebody watching rimm
[12:23] {Threei} invalidated anyway
[12:23] {Threei} may reestablish
[12:24] {ese} asked a question re rimm an hour ago to which everybody ignored me........to heck with all of ya
[12:24] {larisa} lol
[12:24] {nemo} didn't see it ese...you know I wouldn't ignore you...I know how sensitive you are
[12:24] {ese} i don't need any of you *&^*&&^&^*((**&
[12:24] {nemo} fur crissakes I was dcc'ing you this morning
[12:24] {Threei} lol
[12:25] {larisa} you asked magoo, ese, not us :)
[12:25] {ese} your the only friend i've got on this board nemo
[12:25] {ese} well...well..... whats that got to do with it ehhhhhhh
[12:26] {nemo} you hearing voices dude?
[12:26] {ese} you talkin about the person that i can't see .....and is giving me advice
[12:26] {dino} ngs
[12:26] {nemo} yeah...Harvey
[12:27] {ese} tells me when to buy and when to sell
[12:27] {ese} ya ya .....thats him.......ya ya .....do you know him to?
[12:28] {nemo} big ears, furry, whiskers
[12:28] {nemo} likes veggies
[12:28] {ese} ya ya thats him........
[12:28] {ese} ahhhhhhhh don't know about that
[12:28] {Threei} hmm... wait a minute
[12:29] {dino} amn double bottom in making perhaps. thing is down 20 pts 5 days
[12:29] {Threei} then who is this little green man with trunk in place of nose?
[12:29] {ese} hmmmmmmm
[12:29] {Threei} I thought it was his voice
[12:29] {dino} of course so is rimm
[12:30] {ese} dino you doin anything with amn
[12:30] {ese} man thats thin
[12:30] {dino} thinking of small long, waiting to see if .85 holds
[12:31] {ese} wow
[12:31] {ese} nerves
[12:31] {ese} and you thought i had moxy
[12:31] {Threei} CIT Wilbur Ross comments he might be interested in certain CIT assets if they were for sale (1.86, +0.19, 11.38%)
[12:31] {dino} bwld, pnra, mcd pos.
[12:31] {ese} Jules Vern never goes where you go
[12:32] {nemo} uaua @.25 again
[12:36] {magoo} in rimm btw
[12:38] {Threei} CIT Reportedly in talks with up to $10B credit facility, negotiations are underway - unconfirmed report
[12:43] {ese} ahhhhh so there is something there
[12:46] {ese} where are you in on rimm mags
[12:46] {magoo} 09
[12:46] {magoo} vads call
[12:46] {ese} nice
[12:46] {dino} amn sm l .40
[12:47] {magoo} waiting .30 area
[12:50] {magoo} out here .34 TY vad
[12:50] {Threei} welcome
[12:50] {Threei} slim pickings today but things work
[12:51] {Threei} IA) Iran Foreign Minister: UN nuclear sanctions have failed, US should try a "constructive approach"
[12:52] {magoo} how about the destructive approach ala iraq lol
[12:53] {Threei} AIG
[12:53] {Threei} long .50 break
[12:53] {Threei} if sdtays above .40
[12:57] {Threei} come on AIG
[12:57] {Threei} it's time
[12:58] {magoo} u want more than 1 to 1 right?
[12:58] {Threei} yes
[12:58] {magoo} over 46?
[12:58] {magoo} or ,90 area
[12:58] {Threei} .80 - .90
[12:58] {Threei} can't skip setup with 10 cents risk
[12:59] {Threei} it's AIG for crissake
[13:00] {Threei} aka as 0.01 stock
[13:00] {Threei} according to Asensio
[13:00] {Threei} 1:1
[13:00] {fernp} ty Vad
[13:00] {Threei} :)
[13:00] {nemo} ty
[13:00] {magoo} i reloaded RIMM .50
[13:00] {magoo} waiting .83
[13:01] {Threei} 1:2
[13:03] {Threei} MJN Danone spokesperson says report it may be considering bid for Mead Johnson is a rumor
[13:03] {Threei} - declines further comment (45.23, +1.88, 4.34%)
[13:03] {Threei} as if anyone doubted
[13:04] {Threei} funny day
[13:04] {Threei} trades are few and far between
[13:04] {Threei} but work almost flawlessly
[13:04] {Threei} except just one little stop
[13:05] {Threei} FCC Taskforce: estimates cost of universal broadband at $20 to $350B; more subsidies needed to increase broadband usage
[13:05] {Threei} - 6M Americas still lack access to basic broadband.
[13:05] {Threei} - notes smartphones to overtake sales of standard phones by 2011
[13:06] {Threei} AIG 1:3, and .80 target is hit
[13:06] {magoo} out RIMM ty vad
[13:06] {magoo} .84
[13:06] {Threei} welcome
[13:07] {magoo} oops.83
[13:07] {Threei} stress-free profitable day
[13:07] {dino} heck of a wide estimate, 20 to 350.
[13:07] {Threei} almost making money in your sleep
[13:07] {Threei} no kidding dinop
[13:08] {Threei} reminds me old russian joke mocking official announcements of nuclear tests
[13:08] {Threei} announcements used to say something like:
[13:08] {magoo} run for your life?lol
[13:08] {Threei} "nuclear device is tested, range is from 2 to 15 megaton"
[13:09] {Threei} so the joke went:
[13:09] {Threei} Q: what the heck does it mean, from 2 to 15??
[13:09] {ese} am outa here for the day all.......nice one on rimm mags.......
[13:09] {Threei} A: Well, we though it was 2, but then it really boomed...
[13:10] {Threei} take care ese
[13:10] {magoo} bye ese
[13:10] {ese} see ya vad
[13:10] {fernp} bye ese
[13:11] {nemo} c ya ese
[13:11] {dino} cya es
[13:11] {dino} lol
[13:11] {Threei} gosh... ese left longs ago but good byes just won't stop {G}
[13:12] {dino} popular fellow
[13:12] {Threei} drummer
[13:12] {Threei} thosde are always popular
[13:12] {nemo} I just didn't want him whining tomorrow
[13:14] {dino} exactly
[13:20] {Threei} CHIP
[13:20] {Threei} 2.93 long
[13:20] {Threei} if holding 2.90
[13:20] {nemo} can't handle that big a stop...
[13:21] {nemo} where'd that order go
[13:21] {Threei} at .92?
[13:21] {Threei} was taken out
[13:21] {nemo} yeah I see them
[13:21] {Threei} 2 big prints and many smaller ones
[13:22] {nemo} yeah 139, 26
[13:31] {Threei} oh well
[13:31] {Threei} RIMM...
[13:31] {Threei} starts looking seriously
[13:37] {nemo} aig oops
[13:38] {Threei} ?
[13:38] {nemo} broke as I typed
[13:38] {nemo} thinking break of .64 stop under .50
[13:42] {Threei} Long Setup: RIMM .15 if holding above 68
[13:47] {magoo} have feel AIG gonna take 46..u have read vad?
[13:47] {Threei} not really
[13:47] {Threei} stalled
[13:48] {Threei} RIMM with any market help should go to .50 at least
[13:48] {Threei} AIG, don't know
[13:49] {Threei} BLDP Hearing chatter the Co. could receive a large contract from Mercedes (2.91, +0.40, 15.94%)
[13:52] {magoo} rimm so beat up..wonder if runs to 70
[13:52] {Threei} 1:1
[14:01] {dino} osk
[14:15] {nemo} drys had quite a bump toay
[14:15] {Threei} yeah, I looked at it couple times
[14:16] {Threei} .75 break was the only readable entry point but I happened not to look then
[14:17] {larisa} blinked?
[14:17] {nemo} ese was in this morning at .36, you don't want to know how many shares
[14:17] {larisa} 30K ?
[14:17] {nemo} X2
[14:18] {Threei} good for him if he is still in
[14:19] {larisa} I have low at .43. overnighter? :)
[14:20] {nemo} rimm again Vad?
[14:21] {Threei} as close to 68 as you can get
[14:24] {Threei} first strength from here
[14:25] {Threei} (US) EPA: U.S. Carbon rules for industrial firms may be announced this week
[14:25] {Threei} ***Note: On 9/22 EPA finalized initial greenhouse gas reporting rules, new system covers 85% of US emissions
[14:27] {Threei} scalpers feel free to take profit
[14:28] {Threei} 5 cents risk, 12 cents profit
[14:29] {Threei} daytraders take profit here
[14:30] {Threei} and you magoo... I'll give my recommendation when I define what you are
[14:35] {fernp} ty for everything Vad
[14:35] {fernp} good evening everybody. see u tomorrow.
[14:36] {magoo} c u fern
[14:36] {nemo} cya fern
[14:36] {Threei} take care fern
[14:41] {Threei} that's one of the strangest trading days in quite a while
[14:42] {nemo} read bbby vad?
[14:42] {Threei} usually it's either very active, exciting and profitable
[14:42] {Threei} or sleepy with nothing to trade
[14:42] {Threei} today it's sleepy and profitable
[14:42] {Threei} and no
[14:42] {Threei} no read on BBBY
[14:43] {nemo} rimm respected the trendline
[14:55] {Threei} (US) Senate Finance Panel rejects Public Health Insurance Option
[14:59] {dino} hum
[15:18] {nemo} aig read vad?
[15:18] {Threei} .50 break... but I'd like to see tighter consolidation
[15:18] {nemo} me too
[15:19] {Threei} and we are running out of time
[15:19] {Threei} well... not literally yet, but not enough time for the trade to develop in case it gets stuck
[15:19] {nemo} tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..tick..
[15:19] {Threei} things move in slow motion today
[15:19] {Threei} one-legged snail through molasses
[15:20] {magoo} read rimm vad ?
[15:20] {dino} every day, in afternoons
[15:21] {Threei} none on RIMM
[15:21] {Threei} yes dino... but today afternoon started in 15 min after market opening, lol
[15:22] {Threei} on, in 35
[15:22] {dino} yes, i've been complaining to magoo, i can't get much going after 11:00 am
[15:29] {dino} out cedc .57 all day for .22, sheesh
[15:30] {Threei} AIG kind of resolved our problem nemo
[15:30] {nemo} yeah, shoulda' looked at it short after failing to break that 3rd attempt
[15:31] {dino} out amn .00, +.60
[15:32] {Threei} list of insurance companies whose interests are linked to public option guys:
[15:32] {Threei} UNH CI WLP HUM AET CVH WCG AGP CNC
[15:35] {dino} bummer amn goes up w/maket dropping, tricked me
[15:36] {Threei} Market Internals update at 3:30pm ET
[15:36] {Threei} - NYSE volume 844M shares, about 1% above its three-month average; advancers lead decliners by 1.1:1.
[15:36] {Threei} - NASDAQ volume 1.71B shares, about 5% below its three-month average; decliners lead advancers by 1.2:1.
[15:36] {Threei} - VIX index +0.4% at 24.97
[15:44] {nemo} damn, lookin' at aig thought too late to scalp
[15:44] {Threei} no setup really
[15:44] {dino} wow did i sell amn too soon, just bounced 1.20
[15:44] {Threei} that was total 50/50
[15:45] {Threei} could break down just as easily
[15:45] {nemo} please...allow me to beat myself up over this
[15:45] {Threei} oh, by all means
[15:45] {Threei} feel free
[15:45] {Threei} tell me if need help
[15:45] {dino} hit me too nemo
[15:45] {nemo} why, what did you do dino
[15:46] {nemo} and what's Magoo been doing?
[15:46] {Threei} 15:44] {dino} wow did i sell amn too soon, just bounced 1.20
[15:46] {Threei} [15:44] {Threei} that was total 50/50
[15:46] {nemo} oh.....yeah, much worse than me missing a .10 scalp
[15:46] {larisa} this will help dino to feel better :)
[15:47] {dino} ty larisa
[15:47] {larisa} lol
[15:47] {dino} almost 2 bucks
[15:47] {larisa} :(
[15:51] {Threei} (US) Senate Panel rejects second Public Option Vote
[15:52] {Threei} (US) Senate Panel rejects second Public Option Vote 13-10
[15:52] {Threei} - Baucus, two other democrats vote down Schumer's amendment
[15:55] {Threei} ok guys, thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {dino} cya all
[15:56] {larisa} bye :)
[15:56] {nemo} cya
[15:58] {dino} will be watching that amn tomorrow strong finish

Labels: , , ,

Monday, September 28, 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


We made three winning trades in the morning on GAME, CYTK and HIG - and then quotes quit n us. For better or for worse... but that's how the day started and ended.

Session Time: Mon Sep 28 00:00:00 2009

[08:08] {magoo} morning
[08:08] {nemo} mags :)
[08:09] {nemo} rimm continues the down elevator
[08:19] {KSystems} morning
[08:19] {nemo} Tag
[08:50] {Threei} Good morning
[08:50] {ese} good morning vad
[08:50] {Threei} ese :)
[08:50] {nemo} good morning master
[08:50] {nemo} ese dude
[08:51] {ese} due!!!!!
[08:51] {ese} ahhh no dude!!!!
[08:51] {nemo} didn't know you were french
[08:51] {nemo} or italian
[08:54] {ese} german/english....brutal combo
[08:54] {nemo} easy for me and K
[08:55] {magoo} morn vad
[08:55] {nemo} rimm now showing a bit of bounce
[08:55] {cosmo} irish/russian here
[08:55] {Threei} magoo, cosmo :)
[08:55] {nemo} speak gaelic cosmo?
[08:56] {cosmo} ogam
[08:58] {ese} really?.....now thats cool
[08:59] {cosmo} Ogam is the oldest form of writing in Ireland and Scotland. ... the syntax of the Gaelic language in no way lends itself to be written in traditional Ogam.
[09:02] {cosmo} COMS: Gets Bump from Cramer Mention fwiw
[09:04] {Threei} 24 Sep 2009 08:56 COMS Guides Q2 EPS $0.06-0.07 v $0.06e, R$295-305M v $287Me - conf call
[09:04] {Threei} - Sees Q2 gross margins at or around Q1 levels
[09:04] {Threei}
[09:04] {lasertrev} good morning
[09:04] {Threei} trev :)
[09:08] {ese} short squeeze with rimm first then back dn i would figure
[09:09] {ese} trev
[09:09] {nemo} dino :)
[09:11] {lasertrev} morning ese
[09:12] {dino} gm
[09:13] {ese} dino......
[09:14] {Threei} dino :)
[09:18] {Threei} US) Oppenheimer's Gheit: Oil prices are "inflated and unjustified," sees oil demand weak "for years to come"
[09:18] {larisa} gm :)
[09:18] {Threei} larisa :)
[09:20] {cosmo} YRCW
[09:20] {cosmo} watching for the 5 test
[09:21] {Threei} no news
[09:21] {cosmo} k
[09:25] {fernp} good morning everybody
[09:25] {Threei} fern :)
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:30] {magoo} rimm ripoped
[09:31] {nemo} think eom window dressing?
[09:31] {nemo} eoq also
[09:32] {magoo} lvs dump vad
[09:32] {Threei} ?
[09:32] {nemo} rimm dump
[09:33] {Threei} 20 cents selling
[09:33] {magoo} i meant it did
[09:33] {magoo} im alerting
[09:33] {Threei} how's that quilify as dump?
[09:33] {nemo} does .90 on RIMM?
[09:33] {Threei} how about we leave theory for later?
[09:33] {magoo} XRX dumps
[09:35] {Threei} Long Setup: GAME 11.20
[09:38] {nemo} stop under .03?
[09:38] {Threei} 11 is more natural support
[09:39] {Threei} Long Setup: CYTK .20 break
[09:40] {magoo} rimm qualifies now for dump
[09:40] {Threei} half out GAME
[09:40] {Threei} scalpers take profit
[09:40] {nemo} ty
[09:40] {fernp} ty Vad
[09:41] {Threei} CYTK, if sets up and works, probable bigger mover
[09:41] {Threei} 5 is support and a bit too volatile, so size it accordingly
[09:43] {nemo} lvs vad
[09:44] {Threei} Long Setup: HIG 26 break
[09:45] {Threei} half out
[09:45] {Threei} scalpers take profit
[09:46] {ese} nice one...just missed call
[09:48] {Threei} CYTK chews through huge offers
[09:49] {magoo} out game .43 TY
[09:50] {Threei} 1/4 more out HIG
[09:52] {Threei} out HIG in full
[09:52] {Threei} +.30
[09:52] {magoo} out HIG here .34 TY
[09:53] {magoo} RIMM coiling imo RISKY..im in
[09:55] {magoo} jesus ..out
[09:55] {nemo} mags...conservative trading discussion on Friday
[09:56] {Threei} Attention: CYTK first partial here
[09:56] {Threei} stop to under .10 for the balance
[09:57] {ese} i am just not with the program here.......once again nice one all
[10:03] {nemo} lvs rea Vad?
[10:05] {Threei} .60 break maybe...
[10:05] {nemo} yes
[10:07] {ese} dndn
[10:12] {nemo} reade aone vad?
[10:13] {Threei} none
[10:17] {magoo} read AIG vad?
[10:18] {Threei} none
[10:19] {Threei} CYTK, nears 1:2
[10:19] {Threei} Bank of America Corp Ohio AG: See damages against corporation by shareholders reaching into the billions of USD
[10:19] {Threei} - Suit would target CEO Ken Lewis, CFO Joe Price and John Thain
[10:19] {Threei} - Suit regards allegations of concealed losses at Merrill Lynch leading up to acquisition
[10:20] {ese} dino...anything out there on the horizon
[10:21] {ese} cytk....eveready battery
[10:29] {Threei} SEPT DALLAS FED MANUFACTURING ACTIVITY: -0.5% V 1.0%E
[10:29] {ese} opps
[10:29] {Threei} V -1.0%E
[10:31] {ese} ahhhh better
[10:34] {dino} looking at amn, and rimm
[10:37] {ese} got out of my rimm dabble last friday end of day -.50 on that 1k....no bounce
[10:39] {dino} bummer
[10:39] {dino} hit the 66 area we discussed
[10:40] {ese} ya well......a gamble i admit....and you were right.....i think 65 is possible with rimm
[10:51] {Threei} things flatlined
[10:52] {Threei} latest additons: http://www.realitytrader.com/photography/
[10:54] {ese} where did you photo those birds vad?
[10:55] {Threei} butterfly garden
[10:56] {ese} where is that? never heard of it
[10:56] {Threei} on your way to Butchart
[10:56] {ese} hmmmmm
[10:56] {Threei} corner of West Saanich rd and Benvenuto
[10:56] {Threei} take your kids there, they'll love it
[10:56] {Threei} you will too :)
[10:57] {ese} just may do that next weekend
[11:00] {fernp} yes, nice pics Vad
[11:00] {Threei} ty
[11:00] {Threei} I have a lot from that place
[11:00] {Threei} will sort out to post the best
[11:00] {magoo} hehe..glad of my out GAME..wish i stayed in HIG
[11:00] {Threei} connection between USD and equities seems to be lost
[11:01] {Threei} yeah, HIG move is way beyond what I expected
[11:02] {Threei} World Bank Pres Zoellick: China is moving gradually towards open Yuan policy; China is major stabilizing force in global economy
[11:02] {Threei} - Chinese Yuan future policy will depend greatly on US choices regarding the USD
[11:02] {Threei} - China continues to face large choices in 2010
[11:02] {Threei} ***Reminder: On Sept 27 -World Bank President Zoellick said the US should not take for granted the dollar's status as the world's main currency
[11:02] {Threei} - Also, Zoellick questioned the wisdom of giving the Fed more power over banks and he believes the Treasury, which is more accountable to Congress, should be given the authority to regulate large financial companies.
[11:02] {Threei} **Note: The comments are from a speech that will be delivered tomorrow at Johns Hopkins University.
[11:04] {nemo} maybe not vad eoq eom window dressing time
[11:04] {Threei} could be
[11:04] {nemo} yeah, just a thought...
[11:06] {Threei} US Commerce Sec Locke: US committed to resisting protectionism
[11:06] {Threei} lol
[11:06] {Threei} when he says "US", what or who exactly does he mean?
[11:07] {nemo} it's like an alcoholic staying on the wagon
[11:07] {nemo} maybe yes....maybe no
[11:07] {Threei} as if US spoke with single voice, or if protectionism was not coming from US-based entities
[11:07] {nemo} does that qualify for Captain Obvious?
[11:08] {Threei} don't know but I try my best
[11:09] {Threei} I struggle to hold on that title ever since they took "economy is in difficulties" away from me
[11:09] {nemo} life's not fair
[11:14] {Threei} insurers are really strong
[11:14] {Threei} HIG, MET, PRU
[11:14] {magoo} not AIG respectfully submitted here
[11:15] {magoo} unless, it decides to riiiiiip
[11:15] {Threei} no, but HIG is somewhat different kind
[11:16] {magoo} true..and aig is a trading momo nutjob
[11:16] {nemo} you or the stock?
[11:22] {ese} L stec .95 agressive entry here
[11:33] {dptl} .
[11:34] {ese} dddddddddpppppppppp!!!!!1
[11:34] {dptl} :)
[11:46] {Threei} HIG spiking
[11:46] {Threei} (EU) ECB's Trichet: Extremely important to have a strong USD; solidarity around the USD is very important.
[11:51] {Threei} interestingly, this spike is HIG alone
[11:51] {Threei} no MET or ORU
[11:51] {Threei} and no news
[11:51] {magoo} nice alert
[11:52] {magoo} i hit it .11
[11:52] {Threei} let's see:
[11:52] {Threei} our entry on HIG was 26
[11:52] {Threei} pure beauty
[11:52] {Threei} now,
[11:52] {Threei} can be same said about our exit?? :)
[11:52] {nemo} armchair trading
[11:53] {Threei} out of everything out there, this particular one decided to go non-stop
[11:53] {magoo} partialed .39
[11:53] {magoo} ty
[11:53] {Threei} anyway... we are 3 for 3 today
[11:53] {Threei} and magoo managed to squeeze 4th one, lol
[11:54] {Threei} considering that market totally flatlined, I am not going to cry about exiting too soon on one of them
[11:57] {Threei} RIMM still hasn't stabilized
[11:57] {magoo} out bal .39 Ty
[11:58] {Threei} anyone's holding some CYTK still?
[11:58] {fernp} not here
[11:59] {Threei} ok... just wanted to know if anyone needs comments on remainder
[12:01] {Threei} Market Internals update at 12:00pmET
[12:01] {Threei} - NYSE volume 343M shares, about 23% below its three-month average; advancers lead decliners by 9.5:1.
[12:01] {Threei} - NASDAQ volume 877B shares, about 10% above its three-month average; advancers lead decliners by 3.8:1.
[12:01] {Threei} - VIX index -1.6% to 25.20
[12:04] {Threei} I am about to cry here
[12:04] {ese} i'm convinced that dino prediction of 65 somewhere for rimm is where it will stablize
[12:04] {Threei} just when I thought I finally nailed exact % of idiots by this:
[12:04] {magoo} HIG ballistic
[12:04] {Threei} Only 9% Rate Economy As Good Or Excellent
[12:04] {nemo} Yeah, but ese, if it spikes first...
[12:04] {Threei} and immediately along comes:
[12:05] {Threei} 29% Say Americans Selfish For Putting Economy Ahead of Global Warming
[12:05] {nemo} Phewwww....I thought somebody was gonna' say Santa Claus doesn't exist
[12:05] {ese} santa who?
[12:06] {Threei} MET...
[12:06] {nemo} you have an excuse having grown up in the 70's and being a musician
[12:06] {Threei} if HIG is any indication, .50 break should work
[12:06] {Threei} not a call... I am not confident in it enough,
[12:06] {Threei} see if you like
[12:07] {Threei} if go for it, stop is under .40
[12:07] {nemo} volume decreasing on MET climb
[12:07] {nemo} HIG volume increased on recent surge
[12:12] {ese} X and sales on met isn't turning over like mad fools vad.....risky
[12:12] {ese} stec
[12:12] {ese} pulback
[12:12] {nemo} appointment trading
[12:13] {ese} ya
[12:13] {Threei} preaching to the choire... remember me saying I don't have confidence in it? :)
[12:16] {Threei} CYTK is probably worth another shot for scalp on .40 break
[12:17] {nemo} .03 stop?
[12:18] {Threei} ??
[12:18] {nemo} hasn't been below .37 for almost 20 minutes
[12:19] {Threei} lol
[12:20] {nemo} over ANALyzing am I
[12:20] {Threei} taking .03 suggestion as price level, as we usually do... that would be one wide stop
[12:35] {dptl} is lazer stoped or nothing moving?
[12:35] {larisa} stopped
[12:35] {nemo} yeah I'm having problems too
[12:36] {dptl} oh..ty
[12:38] {nemo} Hey Lasertrev! What Up?
[12:39] {Threei} quotes are not updating trev
[12:39] {nemo} Laser seems to be malfunctioning
[12:40] {nemo} chart's haven't updated in almost 30 minutes
[12:40] {lasertrev} ok i will look in to it
[12:40] {larisa} anybody need quote?
[12:41] {nemo} quotes on rim are accurate, chart just not updating
[12:41] {nemo} rimm
[12:41] {larisa} they are not. RIMM is 67.15 now
[12:41] {nemo} yeah, I've got good quotes, no charts
[12:43] {Threei} 12:41:15 ADMIN7 --} (All): NASDAQ having streetwide issues, affecting quotes and orders
[12:44] {Threei} I like our prime minister but come on
[12:44] {Threei} CA) Canadian govt: significant uncertainty over the extent and speed of the recovery globally or in Canada
[12:44] {Threei} stop competing with me in the obvious department, will ya
[12:44] {lasertrev} nasdaq is having issues, we are working on it from our end
[12:45] {Threei} they'll make me resort to the last measures: Sun rises in the East
[12:53] {Threei} AIG Moody's: GAO assessment of AIG last week does not affect ratings
[12:54] {nemo} RIMM trying to get off the mat
[12:59] {lasertrev} everyone getting quotes?
[12:59] {magoo} very poorly here
[13:00] {Threei} no
[13:00] {larisa} no t&S also
[13:00] {lasertrev} ok
[13:02] {dptl} i have nothing
[13:02] {Threei} come on
[13:02] {dptl} well...just frozen pic
[13:02] {Threei} family...
[13:02] {larisa} lol
[13:02] {dptl} lol
[13:02] {Threei} friends...
[13:02] {dptl} :)
[13:05] {lasertrev} You should have something for quotes, you can try to log out and then log back in, might help. The problem is on Nasdaqs end for certain areas, not much i can do right now.
[13:06] {magoo} either my quotes are stuck..or someone unplugged the mkt
[13:07] {lasertrev} They are slow, but should move
[13:08] {lasertrev} Rimm 67.57
[13:09] {Threei} reload helped with L2, not with charts or T&S
[13:10] {lasertrev} ok, thanks
[13:15] {magoo} gonna reboot
[13:16] {Threei} don't!
[13:16] {Threei} haven't you heard of computes expoloding after too many reboots??
[13:16] {magoo} ohg oh why?
[13:17] {Threei} oh wait... that was a nightmare after drinking party with dp...
[13:17] {Threei} reboot at will
[13:17] {lasertrev} u r bad
[13:17] {magoo} i have rimm .66.98
[13:18] {magoo} correct?
[13:18] {larisa} 67.56
[13:18] {Threei} 67.54 here
[13:18] {lasertrev} 67.61
[13:18] {magoo} SIGH..and i rebooted, blew up my computer
[13:18] {magoo} q server vad?
[13:20] {Threei} lol... doesn't really work anyway
[13:20] {Threei} you want my non-working server over your non-working server?
[13:21] {Threei} anyway, if you insist: I am not getting quotes on 12th
[13:21] {Threei} you?
[13:26] {Threei} White House's Gibbs calls Iranian missile tests provocative; the "least" Iran can do at Oct 1 meeting is to agree to immediate and unfettered access to its nuclear facilities
[13:26] {magoo} 11 not working fine here
[13:26] {Threei} I just checked on 7th, not working fine either
[13:27] {Threei} isn't it remarkable how rhetorics and whole step by step development is absolutely the same as during run-up to Iraq war
[13:36] {magoo} hey vad..go to server 4
[13:37] {Threei} wow... this too is not working!
[13:37] {Threei} nicve find mags
[13:37] {Threei} ty
[13:37] {nemo} real pathfinder that guy
[13:38] {nemo} guys, for those of you not ascared of silverlight freestockcharts.com has real-time BATS data
[13:39] {Threei} shrug
[13:39] {Threei} just to watch?
[13:39] {nemo} what, we can't enter trades either...sheesh
[13:42] {Threei} any updates trev?
[13:43] {lasertrev} nothing yet
[13:46] {lasertrev} Nasdaq is working on it, when i hear anything i will update you all:s
[13:46] {nemo} he's picking up your typing skills Vad
[13:46] {Threei} it's contagious
[13:47] {magoo} u grot rthat coorrect
[13:47] {lasertrev} lol
[13:47] {Threei} magoo is my first vcitim
[13:48] {lasertrev} come on magoof, be nice
[13:49] {nemo} to whom trev?
[13:50] {magoo} and more importantly..why?
[13:51] {nemo} that was next after I figured out who he was talking about
[14:05] {dptl} ok have a good rest of the day all.....see ya tomorrow
[14:05] {Threei} take care dp
[14:06] {larisa} HIG non stop
[14:07] {Threei} amazing
[14:21] {fernp} my frozen CAT chart is long now with stop under 52 ... lol
[14:22] {Threei} frozen cat eh
[14:43] {lasertrev} quotes should start working shortly
[14:44] {lasertrev} not sure aboute t&s yet
[14:45] {dino} what about t & a
[14:45] {nemo} different website
[14:45] {lasertrev} quotes better for anyone?
[14:46] {nemo} trying to get back into laser now
[14:47] {Threei} - NYSE volume 558M shares, about 20% below its three-month average; advancers lead decliners by 9.3:1.
[14:47] {Threei} - NASDAQ volume 1.33B shares, about 12% above its three-month average; advancers lead decliners by 3.5:1.
[14:47] {Threei} - VIX index -2.2% at just above 25.
[14:47] {nemo} Yom Kippur trading
[14:48] {nemo} can't get in to Laser
[15:03] {Threei} anyone got quotes running?
[15:03] {nemo} yes,
[15:03] {Threei} hmmm
[15:04] {nemo} I am much closer to New York
[15:04] {Threei} we west coastyers are always discriminated against
[15:05] {nemo} That's what you get for being at that end of the Iditarod
[15:05] {nemo} factually inaccurate I know...purely for hyperbolic purposes
[15:08] {nemo} Hah! your a victim of coastism
[15:09] {Threei} yes... we coasters hate those coastists
[15:09] {Threei} and demand you do away with coastism
[15:09] {nemo} maybe you can file as a protected class and get funding
[15:11] {magoo} quotes may be fixed here
[15:12] {nemo} well, you're kinda' east coast too
[15:14] {Threei} T&S wake up
[15:14] {nemo} yep charts back
[15:14] {nemo} actually only aig for me so far
[15:14] {nemo} cat back
[15:14] {nemo} so nas charts not back
[15:15] {Threei} charts have no backfill for the missed time, so careful;
[15:15] {nemo} you can see them on that website
[15:16] {Threei} uhhu... as if I am installing major software package like silverlight for that
[15:16] {nemo} rimm back
[15:17] {nemo} it's basically where it left off
[15:18] {lasertrev} some of the charts are still not working, but everything else seems ok
[15:41] {Threei} RIMM is working
[15:45] {magoo} huh?
[15:45] {Threei} quotes
[15:47] {Threei} too close to eod
[15:47] {Threei} bt feelsa like short
[15:48] {fernp} good evening all. see you tomorrow
[15:48] {Threei} take care fern
[15:49] {Threei} okay guys, let's call it a day... 3 for 3, why not
[15:50] {Threei} have a good evening, see you tomorrow
[15:50] {magoo} ty

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Friday, September 25, 2009

Sep 25 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


Kind of mixed day - started out well with 3 wins out of 4 trades, then a few stops eliminated profits, then couple good trades on RIMM and AIG returned the day in green but just barely. Uncertain moment in the market, a lot of shakeouts on otherwise good trades - but discipline is discipline and a stop is a stop.

Session Time: Fri Sep 25 00:00:00 2009

[07:55] {magoo} morning
[07:57] {nemo} comrade
[07:57] {nemo} sorry I missed the aftermarket fireworks with rimm
[08:21] {nemo} you been shorting rimm this morning mags?
[08:22] {magoo} actually yes..how'd u kniow
[08:23] {nemo} just seems to make sense to me
[08:24] {magoo} 70 a magnet
[08:25] {nemo} 70.50 has support too
[08:25] {nemo} there's support @ 70, see if it breaks
[08:25] {nemo} I mean 72
[08:33] {nemo} hasn't figured out if it's going to give up 72 yet
[08:33] {magoo} cant even bounce a lil
[08:36] {Threei} *AUG DURABLE GOODS ORDERS: -2.4% V 0.4%E; DURABLES EX-TRANSPOTATION: 0.0% V 1.0%E
[08:36] {Threei} - Prior Durables revised from 5.1% to 4.8% (second revision)
[08:36] {Threei} - Prior Durables Ex Transportati...more... (related EUR/USD SPY TLT SHY USO DIA )
[08:37] {Threei} BLTXX Baltic Dry Bulk rises under 1% (first gain in 11 sessions)
[08:37] {magoo} morn
[08:38] {Threei} good morning
[08:38] {fernp} good morning everybody
[08:38] {Threei} fern :)
[08:38] {Threei} UAUA Planning a $10 surcharge for holiday travel during Thanksgiving time period
[08:39] {Threei} UAUA Planning to pretend memory loss made it forget to cancel a $10 surcharge after Thanksgiving
[08:41] {cosmo} just tell them to forget about that....
[08:41] {Threei} but they forgot to forget... their memory is that bad
[08:42] {cosmo} take B-12
[08:42] {nemo} sounds like an AFLAC commercial
[08:42] {brian3579} gm all
[08:43] {cosmo} the whole day can be that way nemo
[08:43] {cosmo} esp on fri...
[08:43] {nemo} oh yeah, today's friday
[08:43] {cosmo} fish day...
[08:43] {nemo} catholic cosmo
[08:43] {magoo} wheres the RIMM bounce vad? or lower first?
[08:44] {cosmo} gave it up for Lent...
[08:44] {cosmo} 40 years ago
[08:44] {nemo} I gave it up after confirmation
[08:44] {cosmo} ah ... too late
[08:44] {nemo} had no choice
[08:45] {nemo} pagan now
[08:45] {cosmo} First Pagan here
[08:45] {cosmo} Pagan
[08:45] {Raven} I like fish
[08:45] {cosmo} sigh
[08:45] {nemo} sacrifices are fun...use hydrogen peroxide to get the blood out
[08:45] {Raven} :)
[08:47] {Threei} brian, raven :)
[08:47] {Threei} mags...no idea for now
[08:47] {nemo} A hearty good morning to you vad, hope you slept well!
[08:48] {Threei} {--- crying
[08:48] {nemo} I'm touched
[08:48] {magoo} ok..lets keep 1 eye on it tho..could be pts one way or other
[08:48] {Threei} (US) President Obama: Confirms that US, UK and France have evidence of secret Iranian nuclear program
[08:48] {Threei} - Expects IAEA to immediately investigate and inspect the newly reveiled Iranian uranium enrichment program (in line with earlier leaks)
[08:48] {Threei} - Reiterates that the US remains committed to engagement with Iran.
[08:48] {Threei} - Note that news of the secret Iranian nuclear program has been very widely reported this morning. Earlier in the session, a US Official said the US would demand Iran allow immediate international inspection of second nuclear facility.
[08:48] {nemo} rimm hasn't broken the bollinger average yet
[09:00] {Threei} Fed Chairman Bernanke: There is ongoing need for TALF
[09:00] {nemo} makes you RALF
[09:02] {larisa} gm :)
[09:02] {nemo} hello lari!
[09:02] {Threei} larisa :)
[09:02] {larisa} nemo, vad :)
[09:02] {nemo} you like Allman brothers lari?
[09:03] {lasertrev} morning
[09:03] {Threei} trev :)
[09:03] {nemo} lt :)
[09:05] {larisa} do not know them, nemo, sorry. why?
[09:05] {nemo} they have a song called "Sweet Melissa" rhymes with Larisa :)
[09:06] {larisa} southern accent is funny, i do not understand a word :)
[09:06] {nemo} you don't hear it in the song
[09:06] {Raven} lol ... I agree larisa
[09:07] {Raven} yallllll
[09:07] {nemo} Yeah, I used to live in South Carolina...sometimes I was at a total loss
[09:07] {nemo} Then again, some parts of Boston, I'm at a total loss
[09:07] {Raven} lol
[09:07] {larisa} just imagine me, i am in US for 15 years only :)
[09:08] {Threei} explains wgy I don't understand what's going in the USA... it's all to the south of where I live
[09:08] {Raven} sigh
[09:08] {larisa} lol
[09:09] {Threei} there was period in Soviet Union when speeches by laders were impossible to understand... all words were familiar, and grammar was right, but meaning was somehow disappearing as they spoke
[09:10] {Threei} you'd feel you lose focus in like 45 seconds after they started
[09:10] {Threei} nice generalities with zero substance,
[09:10] {Threei} intended to create this air of seeminggly substantial,
[09:11] {Threei} but in fact absolutely empty officially sounding delivery
[09:11] {larisa} I was komsomol leader in my school, I had to write those speaches once a year for manadatory meeting. Nightmare :)
[09:11] {Threei} :)
[09:11] {larisa} even harder than reading them :)
[09:12] {Threei} major thing was not to say anything contradictionary
[09:12] {Threei} anything outside of the official party line
[09:12] {nemo} huh?
[09:12] {nemo} contradictionary
[09:12] {nemo} ?
[09:13] {Threei} that's the feeling I am getting hearing a lot of what is said in USA these days
[09:13] {nemo} that's a good one
[09:13] {nemo} absolutely
[09:13] {Threei} anyone saw yesterday's episode in hearings on health care in senate committee?
[09:14] {Threei} when the chairman interruoted a senatort trying to say something
[09:14] {Threei} this was absolutely out of Communist party meeting
[09:17] {Threei} look
[09:17] {Threei} http://www.youtube.com/watch?v=LlDKeMcBwFM
[09:18] {Threei} wait, not sure it's a right one
[09:18] {Threei} yes, it is
[09:19] {Threei} around 1:30
[09:19] {Threei} to 1:50
[09:20] {Threei} only Kyle got to finish his speech here wgile in USSR they'd finish Kyle
[09:25] {Threei} RIMM has so much air under it on daily, it's almost scary
[09:26] {Threei} watching LVS
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:27] {Threei} .90 is short trigger,
[09:27] {Threei} morning volatility at the ope is a concern,
[09:27] {nemo} yeah, sitting on a pillow
[09:27] {Threei} but if we get lucky to get a narrow range consolidation for a few minutes and then breakdown, should be a good short
[09:28] {nemo} aig made beautiful bottom this morning
[09:28] {cosmo} UCBI
[09:28] {ese} morning ....just about slept in
[09:28] {Threei} ese :)
[09:28] {magoo} AIG..unless 39 coming
[09:29] {cosmo} UCBI announces offering...
[09:29] {cosmo} pre mkt always over reacts...
[09:29] {Threei} UCBI Prices 38.7M share offering at $5.00/share (78.5% of shares outstanding)
[09:29] {Threei} - The over allotment option is for an added 5.8M shares.
[09:30] {cosmo} 5.05 hod
[09:30] {cosmo} so far
[09:30] {nemo} laser froze
[09:30] {larisa} not here
[09:30] {magoo} always at open
[09:31] {nemo} not like this
[09:31] {Threei} reload server if it happens
[09:31] {nemo} I did
[09:31] {nemo} just now
[09:32] {Threei} Short Setup: LVS .90 break
[09:33] {nemo} in
[09:33] {Threei} stop 17.05 for scalpers,
[09:33] {Threei} above 17.10 for day traders
[09:34] {Threei} no worky
[09:34] {fernp} no go
[09:39] {nemo} wow, lvs
[09:41] {Threei} AONE...
[09:41] {Threei} momo candidate again
[09:42] {fernp} JBLU 6.30 break?
[09:43] {Threei} hard to tell
[09:44] {ese} L drys .30
[09:44] {Threei} UAUA a lot of strength
[09:45] {Threei} JBLU is a bit too narrow
[09:46] {Threei} what's with LUNA?
[09:46] {Threei} no news that I see
[09:46] {ese} out drys .37
[09:46] {dino} cprt hl l .02 stop .72
[09:46] {ese} that was 30k
[09:47] {Threei} LVS
[09:47] {Threei} let's see if there is double top
[09:47] {Threei} .60 breakdown short
[09:47] {Threei} stop would have to be above .80 so size it accordingly
[09:48] {Threei} Preview: Sept Final University of Michigan Confidence due out at 9:55amET
[09:48] {Threei} **consensus expectation: 70.5e v 70.2 prior (estimates range between 67-72)
[09:48] {Threei} Preview: Aug New Home Sales due out at 10amET
[09:48] {Threei} **consensus expectations: 440Ke v 433K prior (estimates range bewteen 420K-500K).
[09:48] {Threei} wow LUNA
[09:48] {Threei} wth
[09:50] {larisa} http://www.roanoke.com/business/wb/220194
[09:50] {dino} cmtl gap fillcprt stopped
[09:50] {Threei} ty larisa
[09:50] {Threei} LVS, cover half or take scalp here
[09:51] {Threei} came into lower BB
[09:51] {tomg} out .45, ty vad
[09:52] {dawg} ty Vad
[09:52] {Threei} 1:1 with LVS today, lol
[09:52] {Threei} we beat it up badly yesterday so it tries revenge
[09:52] {dino} mos sm l .00. stop .69
[09:54] {Threei} who chose to partial, play it by the book
[09:54] {Threei} stop to above .60
[09:55] {Threei} SEPT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 73.5 V 70.5E
[09:55] {Threei} seriously?
[09:55] {nemo} herd
[09:55] {Threei} oh great, now LUNA hits wire
[09:55] {Threei} LUNA Reaches agreement with regards to settlement with Hansen Medical to lower verdict amount - Roanoke Times
[09:55] {Threei} - Note: on 4/22 Jury awarded Hansen $36M verdict
[09:55] {Threei} - LUNA COO commented that this agreement help... (2.71, +1.59, 141.96%) more... (related HNSN )
[09:55] {Threei} thanks... a dollar too late though
[09:56] {nemo} quote server vad
[09:56] {Threei} 11
[09:56] {Threei} as if it matters
[09:56] {Threei} justy switch
[09:56] {dino} markets don't know which way to go
[09:56] {Threei} IMO... this market bounce is entirely due to michigan numbers
[09:56] {nemo} $ falling
[09:57] {Threei} and should be faded,
[09:57] {Threei} the only xoncern is another set of umbers in 3 min
[09:57] {Threei} let's wait it out
[09:57] {nemo} $ fall has been positive for markets
[09:58] {Threei} if numbers are bad and market reverses down, LVS nearest resistance is still .80
[09:58] {Threei} if they are good and market jumps, break of .80 is ling
[09:58] {Threei} long
[09:58] {Threei} as much as it pains me to say so
[09:59] {dino} always is nemo
[10:00] {Threei} *AUG NEW HOME SALES: 429K V 440KE (% M/M)
[10:00] {Threei} prior revised from 433K to 426K.
[10:01] {Threei} somewhat muted reaction
[10:01] {Threei} [09:56] {dino} markets don't know which way to go
[10:01] {Threei} [09:56] {Threei} IMO... this market bounce is entirely
[10:01] {Threei} what dino said
[10:02] {nemo} 09:59] {dino} always is nemo
[10:03] {Threei} Long Setup: LVS .80 break
[10:03] {Threei} if stays above .70
[10:03] {dino} everybody expects down, w/-3.5% since wed., i vote up
[10:08] {ese} uncertainty means down in my books
[10:08] {nemo} $ down I vote up
[10:09] {ese} just for today nemo? If thats the case it may go up......in general it has to come down sometime
[10:10] {dino} thing is we are -3.5%; last 3 months thats about all itb took
[10:11] {dino} perhaps the markets over reacted too the downside by say 20% too much
[10:12] {Threei} who wants scary play?
[10:12] {magoo} any read AIG vad?
[10:12] {Threei} lol
[10:12] {Threei} AIG
[10:12] {Threei} .50 break
[10:12] {Threei} long
[10:12] {Threei} scary as hell
[10:13] {Threei} and mags, stop looking over my shoulder
[10:13] {Threei} desirably if holds .30
[10:13] {Threei} yeah, like this
[10:13] {Threei} so we have more or less decent stop
[10:14] {ese} i'm game for a grand 1k
[10:15] {Threei} LVS, either you are out at 1:1
[10:15] {Threei} or if for some unknown reasion you decided to go for mor, keep stop under .75
[10:16] {Threei} AIG... so far so fgood
[10:16] {ese} in
[10:16] {Threei} 1:1 in a matter of seconds
[10:16] {Threei} 1:2
[10:16] {tomg} ty vad, out .8
[10:17] {ese} in.56 out .85
[10:17] {Threei} :)
[10:17] {magoo} OUT .81
[10:17] {magoo} ty
[10:17] {ese} wow
[10:17] {ese} +.29
[10:18] {ese} Vad the thrill ride seeker.......pheeeeeeeeew
[10:18] {Threei} lol
[10:18] {ese} tks by the way
[10:18] {Threei} sure thing
[10:18] {nemo} yeah, that support @ .30 was more imaginary
[10:18] {nemo} :)
[10:18] {Threei} hmm?
[10:18] {Threei} how do you figure?
[10:19] {nemo} so short time
[10:19] {Threei} this is AIG we are talking about
[10:19] {Threei} its long time is 3 minutes
[10:19] {nemo} Yeah
[10:19] {nemo} sounds like my...nevermind
[10:20] {Threei} hmm?LVS is at 1:1 again
[10:20] {Threei} what the
[10:20] {Threei} let me try again
[10:20] {Threei} LVS is at 1:1 again
[10:20] {Threei} we are 3 for 4 so far
[10:21] {Threei} but trading feels a bit like juggling the torches this morning
[10:21] {nemo} torch on one end, razor blades on the other
[10:21] {ese} forget torches.....broken glass
[10:22] {ese} ya what nemo said
[10:22] {Threei} OK, those who for some unknown reason thought LVS would be good for more have 1:2 here
[10:22] {nemo} dude
[10:22] {Threei} take your profit and never admit you really held it
[10:22] {fernp} lol
[10:23] {Threei} RIMM...
[10:23] {Threei} I feel the urge to start hunting for bounce..
[10:23] {Threei} Long Setup: RIMM .55 break
[10:23] {Threei} for those who feel adventurous only
[10:23] {Threei} if holding above .35 - .40 zone
[10:26] {Threei} G-20 Communique: To support phase out of fossil fuel subsidies over medium term
[10:26] {Threei} - Note: yesterday details leaked detailing such measures
[10:27] {Threei} now RIMM... let's hold .50 and break .70
[10:27] {Threei} and you should be off to races
[10:29] {fernp} .35 stop?
[10:29] {Threei} just under
[10:30] {Threei} let's trail it to under .40 now
[10:30] {magoo} AIG read vad?
[10:31] {Threei} none here
[10:32] {Threei} ok RIMM... not ready yet
[10:32] {fernp} stopped
[10:33] {nemo} $ strengthening
[10:37] {fernp} LVS short .59?
[10:37] {nemo} was thinking that myself
[10:37] {Threei} yes
[10:38] {nemo} rimm volume
[10:39] {fernp} stop Vad?
[10:39] {Threei} unfortunately still above .80
[10:39] {ese} the rimm tank is interesting
[10:39] {ese} dino? a play here
[10:40] {Threei} the only interim resistance LVS formed in this range is .75, and it's fairly weak one
[10:43] {nemo} yep...rimm bounced
[10:44] {ese} my goodness,,,,rimm....outperform price $85...sell hold price 60...BofA price target $100...Goldman from neutral to buy price $75.....for crying out loud
[10:44] {ese} poor buggars who pay attention to this crap
[10:44] {nemo} well, RIMM might be upod'ing it
[10:45] {dino} dk es on rimm, wanted 66-68
[10:45] {ese} L rimm .54
[10:46] {ese} out rimm .74
[10:46] {ese} +.20
[10:47] {dino} amn interesting, but thin -18 pts in 5 days
[10:47] {ese} gotta take a look
[10:48] {ese} really thin...wouldn't know what to do with that
[10:48] {dino} 300 sh. look for points
[10:48] {dino} 70 should be support
[10:51] {fernp} stopped LVS
[10:51] {Threei} yeah, thing won't cooperate
[10:51] {Threei} sheesh
[10:52] {Threei} RU) Russian Official: A concerned regarding reports of new Iranaian atomic facility
[10:52] {Threei} - States that Pres Medvedev will be making official comments later
[10:54] {ese} you may get your 66 to 68 with rimm yet dino
[10:54] {Threei} I am not delighted with the way today's trading goes
[10:54] {Threei} no defined direction and too many shakeouts
[10:54] {ese} yup
[10:55] {dino} may be a sit and watch day
[10:56] {ese} all my indicators are showing down vad.......overbought etc etc etc
[10:56] {dino} rimm issues, 66 then 50 gap
[10:57] {ese} or at the very very least stagnate in the same place for a long while
[10:58] {Threei} Short Setup: HIG into bounce closer to .20
[10:58] {ese} ya dino....thats a biggie from 50 to 60
[10:58] {Threei} if stays below .25
[11:00] {Threei} in
[11:00] {Threei} die HIG
[11:01] {ese} missed it
[11:02] {Threei} .10 is actual trigger
[11:02] {Threei} I am just trying to minimize risk
[11:02] {Threei} considering all the shakouts
[11:05] {Threei} here we go again
[11:05] {fernp} .26 stop no?
[11:05] {nemo} Groundhog day
[11:05] {Threei} yes
[11:05] {fernp} out
[11:06] {Threei} GAME IPO opens for trading at $12.50 (12.50, 0.00, 0.00%) (related SNDA )
[11:06] {dino} snda -8 in 3 days
[11:07] {Threei} .35 break for GAME
[11:07] {Threei} gambling more than trading
[11:08] {nemo} bad day for an ipo
[11:08] {Threei} nah, it's not AONE
[11:08] {Threei} look at HIG
[11:08] {Threei} pure shakeout
[11:08] {nemo} LVS
[11:09] {fernp} incredible HIG
[11:10] {Threei} same LVS
[11:12] {Threei} that's rude... did everything rifght on HIG as far as trade struicture goes, and still it found tghe way to fool us, lol
[11:24] {ese} l rimm .24
[11:26] {ese} daaaaaaa.......what do you all normally kick it with
[11:26] {nemo} Vad hasn't used the steel toe boots in a while
[11:26] {nemo} or the army boots
[11:26] {nemo} I think he's using his Birkenstocks
[11:26] {Threei} I am trying to become a gentlier kinder version of myself
[11:26] {nemo} hurts doesn't it
[11:26] {Threei} very much
[11:27] {nemo} It's like asking a scorpion to become a frog
[11:28] {dino} or a frog a gorf
[11:28] {larisa} frog is kind? just ask mosquitoes
[11:29] {nemo} it's all relative
[11:29] {Threei} mosquitos are kind} just ask any resident of Winnipeg
[11:29] {larisa} lol
[11:29] {nemo} or Siberia
[11:29] {Threei} redundant
[11:31] {Threei} PALM Ticks higher as analyst commentary from overnight circulates discounting the reports that Verizon may have decided not to support the Palm Pre smartphone (16.57, +0.41, 2.54%) (related VZ )
[11:32] {nemo} so official rumor
[11:32] {Threei} analyst commentary... heh
[11:32] {nemo} yeah
[11:34] {Threei} GAME is trying to become a game
[11:34] {nemo} bored, huh?
[11:34] {nemo} lvs forming triangle
[11:34] {Threei} US House Passes 'stopgap' spending legislation to provide Govt operations through to Oct 31;
[11:36] {Threei} Senate now has to vote before Oct 1 to avoid shutdown of Govt
[11:36] {nemo} wow, what drama
[11:36] {Threei} shutdown of Govt eh?
[11:37] {nemo} right (said cynically)
[11:38] {fernp} BAC lod breakdown?
[11:39] {Threei} chart looks right... the questuion is,
[11:39] {Threei} how many right looking charts worked today?
[11:39] {Threei} pretty much 50/50
[11:41] {Threei} I'd skip it fern
[11:41] {Threei} can't see it any other than random
[11:41] {fernp} yes. I am agree
[11:44] {nemo} volume spikes aig
[11:47] {cosmo} ucbi
[11:48] {cosmo} 5 test maybe
[11:50] {cosmo} 4.8 = good bottom
[11:50] {cosmo} i think
[11:51] {Threei} IA) China comments that is hoping the IAEA deals with Iran within its 'mandate'
[11:51] {Threei} what does it mean?
[11:51] {Threei} I am not very good at Chinese obviously
[11:52] {dino} it means 10 minutes and takeout will be ready
[11:52] {nemo} or.....no tickee....no shirtee
[11:53] {patience} that's because they are on the phone ordering their new bmw
[11:53] {patience} i need to buy some yuan
[11:56] {Threei} Long Setup: GAME 12 break
[11:56] {Threei} if stays abpve 11.90
[11:58] {Threei} modification
[11:58] {Threei} .80 break
[11:58] {Threei} if stays above .70
[11:58] {cosmo} game over?
[11:59] {Threei} that one yes... new one begins
[11:59] {nemo} good one cos
[11:59] {cosmo} not my fault
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 425M shares, about 8% below its three-month average; decliners lead advancers by 1.6:1.
[12:00] {Threei} - NASDAQ volume 1.05B shares, about 5% above its three-month average; decliners lead advancers by 1.5:1
[12:00] {Threei} - VIX index +3.5% to just under 26.00
[12:02] {nemo} game break of .90 stop .80
[12:02] {nemo} ?
[12:03] {Threei} hard to tell.. this method of bttom hunting is a bit different
[12:03] {Threei} it was .70 if holding .60
[12:03] {Threei} each next reange as it moves down is its own play
[12:16] {fernp} BAC reached 1:1 (virtual)
[12:18] {dino} stec going for gap fill from close
[12:25] {dino} rimm lod
[12:35] {nemo} nice range in aig
[12:38] {Threei} lol
[12:38] {nemo} what?
[12:38] {Threei} just when I started typing breakout alert
[12:38] {Threei} thing popped up
[12:40] {nemo} lvs heading for lod
[12:40] {nemo} eh...yesterday's close that is
[12:40] {dino} nvec
[12:41] {nemo} thin
[12:50] {Threei} AIG
[12:50] {Threei} pulled back almost into .50 support
[12:51] {Threei} should be bounce-worthy for a scalp soon
[12:51] {nemo} funny, today I would have looked at the break out to .95 as a pullback in the down trend :)
[12:52] {Threei} .60 break if stays above .50
[12:52] {ese} hey dino......in your estimation...what are the chances that rimm will fill the gap up first before down.my 15 min chart has a gap between 74 and 71.50....i'm long small 1k ...i'm thinkin that will happen first
[12:54] {ese} short covering rally
[12:54] {Threei} market feels like bounce is coming
[12:55] {ese} i'm gettin that sense......just checkin
[12:58] {nemo} Mmmmmmmhhh....maybe I'll start drinking again
[12:59] {dino} es, that gap in week or two imo
[13:00] {Threei} nnedless to say, AIG is invalidated
[13:03] {dino} cog
[13:04] {ese} tks
[13:05] {Threei} GAME formed pronounced range
[13:05] {Threei} .80 - .90
[13:06] {Threei} worth a try now
[13:06] {Threei} .90 break
[13:08] {nemo} aig spike
[13:09] {nemo} volume that is
[13:11] {Threei} AIG is pretty much random here
[13:11] {Threei} I'd leave it alone
[13:12] {Threei} short on 43.50 breakdown was pretty much the only sensible play after it failed to trigger long
[13:12] {magoo} COG vad, look
[13:13] {Threei} you saw its news?
[13:13] {Threei} Cabot Oil & Gas Corporation DEP Orders Cabot Oil and Gas to Cease All Gas Well Fracking in Susquehanna County
[13:13] {Threei} - DEP Director: "The department took this action because of our concern about Cabot''s current fracking process and to ensure that the environment in Susquehanna County is properly protected,"
[13:13] {Threei} - Cabot voluntarily shut down fracking operations at the Heitsman well in Dimock Township on Tuesday afternoon following three separate spills there in less than one week. The company is currently drilling seven new wells in the county that will require fracking.
[13:13] {Threei} their fracking is seriously wrong
[13:14] {larisa} :)
[13:15] {magoo} we live there
[13:15] {magoo} no kidding
[13:15] {Threei} uh oh
[13:15] {Threei} Fed's Warsh: Reiterates that Fed may need to roll back extraordinary policies sooner than expected
[13:15] {Threei} this is not what market wants to hear
[13:16] {Threei} - the natural unwinding of the Fed's facilities have been largely successful
[13:16] {Threei} "natural unwinding" = we run out of money?
[13:16] {nemo} yeah what's "natural" about this
[13:16] {_aardvark} there goes cog. nice magoo
[13:18] {nemo} great we've got an anteater
[13:19] {Threei} why are you, the fish, is concerned?
[13:20] {Threei} without "is"
[13:20] {nemo} I'm a lungfish
[13:20] {nemo} competition for food
[13:22] {_aardvark} profit is food.
[13:22] {Threei} fern
[13:22] {nemo} an optarygian ganoid to be precise
[13:22] {Threei} are you as dusgusted with LVS shakeout as I am?
[13:22] {_aardvark} LOL!
[13:23] {nemo} guess that makes me a bit of an atavist
[13:25] {Threei} anyone got any idea which language yhat is?
[13:27] {Threei} btw, speaking of aardvarks... http://upload.wikimedia.org/wikipedia/commons/3/35/Orycteropus_afer_stuffed.jpg
[13:27] {Threei} lordy, you look weird... {G}
[13:27] {nemo} face only a blind mother could love
[13:28] {nemo} here's your short covering
[13:28] {nemo} rimm didn't get the memo
[13:29] {nemo} mmmmhhhh...maybe it did
[13:45] {magoo} vad..diop buyers..bulls ,..whatever..gonna ram us up??
[13:45] {Threei} that's my feeling
[13:46] {Threei} look at NASDAQ or DOW daily
[13:46] {Threei} we are at precise point where natural bounce should come
[13:46] {Threei} whether it's just a pullback before rally resumption or unsuccessful bounce,
[13:46] {Threei} hey should try here
[13:47] {Threei} maybe today, maybe on Monday
[13:47] {Threei} but intraday looks ready
[13:48] {Threei} Fed's Bullard: Risk to be trapped at low rates is 'real'; may see additional shocks with rates at current levels
[13:48] {Threei} - notes should consider rules that regulate quantitative easing policies
[13:54] {Threei} Long Setup: GAME .66
[13:54] {Threei} stop/invalidating level is self-explanatory I think
[13:54] {Threei} for both scalp and trade
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 635M shares, about 2% below its three-month average; decliners lead advancers by 1.7:1.
[14:00] {Threei} - NASDAQ volume 1.53B shares, about 8% above its three-month average; decliners lead advancers by 1.6:1
[14:00] {Threei} - VIX index +2.35% to just over 25.50
[14:00] {Threei} wake up GAME
[14:00] {Threei} smell the market
[14:00] {Threei} coffee
[14:00] {Threei} roses
[14:00] {Threei} whatever
[14:01] {Threei} scalpers have 1:1
[14:02] {Threei} (IA) Iran Pres Ahmadinejad: UK, US, and France will 'regret' Friday's statements about the nuclear facility
[14:02] {Threei} my ability to understand written word is way down today
[14:02] {nemo} Iran knows the west is full of it
[14:03] {larisa} may be it is a chicken farm :)
[14:04] {Threei} - Ahmadinejad says the recent publicity about the facility was a mistake, facility was not a secret
[14:04] {KSystems} He
06[14:07] * Threei slaps KSystems around a bit with a large spare battery for the server
06[14:08] * Threei slaps KSystems around a bit with a large spare humster wheel and two hamsters to run the server
[14:08] {dptl} lol
[14:09] {KSystems} :)
[14:12] {fernp} I am very disgusted with LVS and with BAC, both worked without me
[14:12] {fernp} especially with LVS, I'm not used to take 20 cents stops
[14:13] {Threei} yeah
[14:13] {Threei} shaky today
[14:16] {Threei} CDC Director: H1N1 is 'spreading widely' in the US; Swine flu is not mutating, so vaccines can be effective (related SWINEX BCRX NVAX GILD ROG.SZ )
[14:16] {fernp} uhmmmm, RIMM stop also cost me 20 cents... that explains my P/L... lol
[14:17] {nemo} you mean your "L"?
[14:18] {nemo} Hah! Gamestop
[14:18] {Threei} say what?
[14:19] {Threei} GAME hit 1:1 like 30 min ago
[14:19] {fernp} bad day today, but good week
[14:19] {nemo} well GAME stopped and Gamestop is the name of the chain
[14:19] {nemo} friday sense of humor
[14:19] {nemo} or lack thereof
[14:20] {Threei} yeah
[14:20] {Threei} the latter foer sure
[14:22] {dptl} lol......spare humster wheel and two hamsters to run the server....just too funny....lol...trying to picture that
[14:22] {Threei} lol
[14:22] {Threei} that wasthe reason of yesterday's outage I am sure
[14:22] {Threei} hamsters ruan out of food
[14:22] {nemo} well, you'd have to send a turbine or generator also
[14:22] {dptl} lol
[14:24] {nemo} low volumes
[14:28] {Threei} NVS FDA reportedly reviewing adverse event information with regards to Exjade drug; have to determine whether older patients are at risk
[14:28] {Threei} - Working with company to determine whether any labeling must be revised (48.93, +0.16, 0.33%)
[14:40] {Threei} really bounce time
[14:40] {magoo} any read LVS ?
[14:41] {Threei} .55 long if holding .45
[14:42] {Threei} G20: Tobin tax (tax on stock transactions) was discussed at meeting; but will not be implemented
[14:42] {Threei} - Note: Merkel commented earlier that G20 was asking the IMF to suggest ways to pay for crisis; including a tax on financial transactions
[14:42] {Threei} nemo, happy now?
[14:43] {nemo} read my mind
[14:48] {Threei} if you don't hear from me for a week, you know why
[14:48] {nemo} why, because you read my mind?
[14:49] {Threei} what do you think, it's a small shock?
[14:49] {nemo} rimm break of .85 stop under .70?
[14:49] {nemo} .80 for scalpers?
[14:49] {Threei} no
[14:49] {Threei} wait a bit
[14:50] {nemo} read my mind now :)
[14:50] {Threei} structure is right but market is wrong
[14:50] {Threei} if this drop doesn't impact RIMM, then this setup witll be reinfirced
[14:50] {Threei} so far so good, now catch it on a slight pullback
[14:51] {Threei} its natural vilatility should give one
[14:51] {nemo} hehehehehe
[14:51] {Threei} keep finger on a trigfger instead of typing your hehes
[14:51] {nemo} stocks are so rude today
[14:52] {Threei} pyt in limit lbetween .85 and .90
[14:52] {nemo} lvs breaking
[14:53] {Threei} here it comes
[14:53] {magoo} in in in
[14:53] {Threei} ugh too fast
[14:53] {Threei} barely touched .89
[14:53] {nemo} yeah had order at .87
[14:54] {dino} sm l amn .76
[14:55] {Threei} all this starts looking like we may finish in green
[14:56] {Threei} well, not an option for RIMM
[14:56] {Threei} but market overall, easy
[14:56] {Threei} AIG wants to break 44 and run
[14:56] {nemo} aig on 5 minute looks great
[14:56] {Threei} here comes RIMM
[14:57] {Threei} green
[14:58] {dino} ok sell it off cramer preaching rally
[14:58] {Threei} argh
[14:58] {Threei} got RIMM this time nemo?
[14:58] {nemo} no
[14:58] {Threei} sheesh
[14:58] {Threei} what are you doling
[14:58] {Threei} easy drop under .90
[14:58] {Threei} was right there for you
[14:59] {Threei} and I evcen alerted
[14:59] {nemo} yeah, that's your fast momo play, I can't time those for manure
[14:59] {dino} 2:07 says "bear attack at 3:00"; 2:44 says "bulls can blitz last half hour"
[14:59] {Threei} no need to time it
[14:59] {Threei} .85 - .90 range was for entry
[14:59] {Threei} it drops there, you take it
[14:59] {Threei} it's support from that same break
[15:00] {nemo} are you out @ .90?
[15:00] {Threei} why .90?
[15:00] {nemo} 69 that is
[15:00] {Threei} yes
[15:00] {Threei} .99 to be exact
[15:01] {Threei} here comes AIG pullback
[15:01] {Threei} .80 break long
[15:01] {nemo} market too
[15:01] {Threei} if holding .65 - .70
[15:15] {dptl} .
[15:15] {Threei} GAME CEO: Declines comments on stock price behavior; pleased with IPO; have 24 games in pipeline (11.27, 0.00, 0.00%) (related SNDA )
[15:16] {dino} bank preferreds jumping
[15:17] {dino} see, sell cramer
[15:17] {Threei} he killed our rally
[15:17] {dino} there must be a group that does that
[15:18] {magoo} im gonna kill him
[15:22] {Threei} market's overcoming Cramer
[15:25] {magoo} last 30 minutes..ram or rip..dunno
[15:25] {nemo} flat
[15:26] {Threei} AIG wants up badly
[15:26] {Threei} resists market now
[15:27] {magoo} i wish..been suffering in it all day
[15:27] {Threei} 1:1
[15:27] {Threei} 1:2
[15:28] {Threei} hey, this day is almost repaired
[15:28] {Threei} between RIMM and AIG trades, slighly green
[15:29] {Threei} ugh, sold too soon
[15:29] {magoo} u forget all my individual bad trades
[15:29] {Threei} I can't forget what I don't know...
[15:29] {Threei} and forgive me for not including them in my calls record? :)
[15:30] {nemo} cu later
[15:30] {magoo} wish i could forget them
[15:30] {dptl} ok....have a good weekend all......see ya monday
[15:30] {Threei} take care nemo, dp
[15:30] {Threei} mags... you are making one mistake these days
06[15:30] * dptl slaps nemo around a bit with a large trout
[15:30] {Threei} you had a great run over last couple months,
[15:30] {dptl} :)
[15:31] {Threei} then market changed but oyu continue pushing as before
[15:31] {Threei} gota stay sensitive to changes'
[15:31] {Threei} great winning streaks end
[15:31] {Threei} as you wxperience one, you have to be acutely aware of that
[15:31] {magoo} absolutely agree
[15:31] {Threei} and listen carefully for the signs of end
[15:32] {Threei} and back away fast
[15:32] {Threei} return to normal careful conservative trading
[15:32] {dino} you are right vad
[15:32] {Threei} this is exactly how huge winners of tech run gave back all they made aand then some,
[15:32] {Threei} then all those oil winners
[15:33] {Threei} real estate winners
[15:33] {Threei} it's all about bubbles
[15:33] {Threei} be in aggressively when bubble grows
[15:33] {Threei} get out beofre it bursts
[15:33] {Threei} just like Greenspan did
[15:34] {Threei} now Ben tries to fix it
[15:34] {Threei} and Alan laughs
[15:35] {Threei} remember mags, couple weeks ago you said, while describing your aggressive plays
[15:35] {Threei} "making as much as I can while I can"
[15:35] {Threei} or something to that effect
[15:35] {Threei} "while I can" part assumed it was temporary conditions
[15:35] {Threei} momo
[15:35] {Threei} well, it's over
[15:35] {Threei} at least for now
[15:37] {magoo} cramer now says bullds start 3 40
[15:37] {Threei} in 3 minutes then
[15:37] {Threei} funny thing is, chart looks exactly like that
[15:37] {dino} wow snda 60-49; pwrd 50-43 in 2 days
[15:37] {Threei} so let's see if Cramer jinxed it
[15:38] {dino} scanner is just popping out bank preferreds
[15:39] {dino} all jumping 2 bucks +
[15:39] {magoo} he killed it it seems
[15:40] {Threei} Market Internals update at 3:30pmET
[15:40] {Threei} - NYSE volume 815M shares, about 4% below its three-month average; decliners lead advancers by 1.6:1.
[15:40] {Threei} - NASDAQ volume 1.93B shares, about 6% above its three-month average; decliners lead advancers by 1.6:1
[15:40] {Threei} - VIX index +0.75% to just over 25.00
[15:42] {Threei} lol, line on TV:
[15:42] {Threei} Twitter says company raised susbtantial amount of money to fund its operations while management figures out how to make money from the hottest Interenet company
[15:43] {Threei} they went into it with no clear idea how to monetize it?
[15:43] {dino} lol, sort of like my beer drinking
[15:44] {Threei} hmmm... I don'treally get the analogy but I like it
[15:44] {dino} still tryong to figure out how to profit on it
[15:44] {Threei} lol
[15:50] {Threei} AIG was worth another try
[15:50] {Threei} I hesitated
[15:51] {Threei} didn't want to press it so close to eod, while just making the day barely positive
[15:53] {fernp} have a good weekend everybody. see u all on Monday
[15:53] {dino} out amn .64, +.82
[15:53] {dino} u2
[15:53] {Threei} take care fern
[15:54] {Threei} ugh
[15:54] {Threei} had this strong feeling 44.50 was a target
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {Threei} have a great weekend
[15:58] {Threei} see you all on Monday
[15:58] {lasertrev} take care
[16:00] {dino} later all

Labels: , , ,

Thursday, September 24, 2009

Sep 24 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


We got the direction of the day right and got rewarded nicely. Shorts on CAT and LVS worked for nice gains. AONE provided momo and entertainment.

Session Time: Thu Sep 24 00:00:01 2009

[08:04] {magoo} morning
[08:07] {Threei} Good morning
[08:07] {Threei} yawn
06[08:08] * nemo slaps magoo around a bit with a large trout
[08:08] {magoo} new laser version
[08:08] {nemo} might want to let them get the kinks out before downloading
[08:09] {Threei} what's changed?
[08:09] {magoo} too much to list
[08:09] {nemo} Good Morning...Threei...I hope you're having a wonderful day :):):)
[08:09] {Threei} ok... this is spooky
[08:09] {nemo} hehehehehe
[08:09] {Threei} you can't be that drunk that early
[08:10] {nemo} Don't worry, I'll still stab you in the back if situation warrants
[08:10] {Threei} whew
[08:10] {Threei} ok, things are back to normal
[08:10] {nemo} I'll use a kinjaal too
[08:10] {nemo} Q's aren't up?
[08:13] {Threei} I think NASDAQ feed is off somewhat
[08:13] {nemo} Vad...new release allows access to TSX
[08:14] {Threei} it was available for a while
[08:14] {nemo} oh
[08:14] {Threei} jus had to apply separately
[08:14] {magoo} downloading, brbn
[08:14] {Threei} did they make it on by default?
[08:14] {Threei} ahha, we got our guinea pig
[08:14] {nemo} 2. Support for TSX data and trading - we should have this operational
[08:14] {nemo} very soon. We will have full depth of book with TSX ECN's and the ability
[08:14] {nemo} to route to each of them individually. Trades will be done in CAD in real
[08:14] {nemo} time, but will convert to USD overnight.
[08:15] {Threei} cool
[08:15] {Threei} goytta look into commissions
[08:15] {nemo} now we just need access to the asx, and we can avoid new taxes
[08:15] {nemo} yeah...commissions
[08:15] {Threei} TSX is usdually more expensive than US exchanges
[08:16] {nemo} better wake up trev about the Qs...
[08:16] {Threei} well, you have his phone number
[08:16] {Threei} want to be a first giving him this rite of passage?
[08:16] {Threei} 'cause gods know I did this to dave a few too many times
[08:17] {nemo} one
[08:17] {nemo} done
[08:17] {nemo} answering machine..bastid
[08:17] {Threei} remote or local one?
[08:18] {nemo} telus
[08:18] {Threei} ugh
[08:18] {nemo} should we call Dave?
[08:18] {Threei} virtual ones don't make sound as you speak
[08:18] {Threei} not good as waking-up-at-4am devices
[08:18] {nemo} "Dave's not here, man" Oh Oh, flashbacks
[08:19] {magoo} back
[08:19] {nemo} didn't have time to miss you
[08:19] {Threei} ok, computer is not exploding with new version
[08:19] {Threei} that much we know
[08:20] {nemo} well, QLD is working
[08:20] {Threei} ummm... because it's not NASDAQ?
[08:20] {Threei} and as I said it's NASDAQ feed that is having problems?
[08:20] {Threei} man.. pay attention will ya
[08:21] {nemo} yes...but it kinda' allows me to see what's going on with the NAS this morning
[08:21] {nemo} work for you?
[08:21] {Threei} sure
[08:21] {Threei} as does QID
[08:22] {Threei} but I simply use my NQ feed to see what's with NASDAQ :)
[08:22] {nemo} I don't have NQ.
[08:22] {magoo} i like the ARCA imbalance feature
[08:24] {Threei} what's that?
[08:24] {magoo} in alerts
[08:24] {Threei} man... you'll make me download a new one...
[08:24] {magoo} market makers need to pair off the imbalances at open and close of mktbef
[08:25] {magoo} say, bac has sell imbalance at 3:40 pm of 5 million...gives indication that it should selloff intop closes
[08:26] {Threei} have you tracked it?
[08:26] {Threei} really works as a valid alert?
[08:27] {Threei} I stuill have some real estate on my monitors, can keep this window if it's useful
[08:30] {nemo} Ya' know how that 0 down mortgage stuff was kinda' at the bottom of all the problems...
[08:30] {nemo} look at this: http://www.fundmymutualfund.com/2009/09/us-agriculture-department-handing-out-0.html
[08:32] {Threei} *INITIAL JOBLESS CLAIMS: 530K V 550KE; CONTINUING CLAIMS: 6.138M V 6.183ME
[08:32] {Threei} - Prior Jobless Claims revised from 545K to 551K
[08:32] {Threei} - Prior Continuing Claims revised from 6.230M to 6.261M
[08:33] {Threei} mags... works fine?
[08:36] {Threei} NASDAQ feed is on
[08:36] {nemo} the'res Nas
[08:36] {magoo} yea vad..dave uses it all the time..he showed me it 3 monthsago
[08:36] {Threei} ty
[08:36] {Threei} I mean new version
[08:37] {magoo} if there are huge buy side imbalance on say wfc into open, indicate it should pop up to pair off
[08:37] {magoo} i just downloaded it
[08:37] {magoo} seems ok
[08:39] {Threei} OK... will install now
[08:39] {Threei} if you don't hear from me for the next 6 years, it's magoo's fault
[08:39] {magoo} :)
[08:40] {nemo} trevor just called
[08:40] {Threei} Euro vs US Dollar USD's tone remains soft ahead of G20; Dealers speculate that Obama administration dollar policy might mirror BOE's King view on rebalancing
[08:40] {Threei} - One dealer noting that a Goldilocks scenario would have a weak dollar policy move ata gradual pace and not fuel inflation and not affecting the bond market
[08:45] {Threei} OK
[08:46] {Threei} set up alert
[08:46] {Threei} will monitor it
[08:46] {nemo} How do you set up the alert?
[08:47] {Threei} call up the window
[08:47] {Threei} resize and place it where you need it,
[08:47] {Threei} right click,
[08:47] {Threei} manage the fonts so you can read it,
[08:47] {Threei} move columns around
[08:48] {nemo} read? oh oh
[08:48] {Threei} so those you need are at the left side
[08:48] {Threei} for instance, column saying Side
[08:48] {Threei} it's way too far to the right,
[08:48] {Threei} move it so it's rifght after the symbol
[08:49] {fernp} good morning everybody
[08:49] {Threei} make up your mind about selection methid,
[08:49] {Threei} because default is alphabet
[08:49] {Threei} fern :)
[08:49] {Threei} not sure which sort methind is the best... match volume?
[08:49] {Threei} mags?
[08:50] {Threei} or imbalance?
[08:51] {magoo} i believe total imbalance
[08:52] {Threei} ty
[08:52] {Threei} do you know what marketimb is, vs totalimb?
[08:53] {magoo} this window is new too me too, so as i learn ill fill u in
[08:54] {Threei} so there is a time limit on how long we can call you "useless"...
[08:55] {Threei} in total imb first line is PVI
[08:55] {magoo} actually..it seems there is a very short time limit on how long u consider me "useFULL" lol
[08:55] {Threei} but it's obvioualy non-mover
[08:55] {larisa} gm :)
[08:55] {Threei} rofl
[08:55] {Threei} larisa :)
[08:55] {Threei} that was a good one
[08:56] {nemo} lari :)
[08:56] {larisa} :)
[08:57] {magoo} vad, gut feel here...yesterdays pullbk too continue..or the upward push today to hold prices into qtr end
[08:57] {magoo} too easy to rollover imo
[08:57] {magoo} BUT its way overdue
[08:57] {magoo} what would hurt the most...i think powerup would
[08:58] {Threei} let me reserve my take for now
[08:58] {Threei} gotta watch a little
[08:58] {magoo} BUT man, we couild fall for several days without even changing trend from up
[08:58] {magoo} if we rollover CAT woulf be good short
[08:59] {Threei} guys, anyone connected through mibbgit?
[08:59] {magoo} vad, u ever play TZA?
[09:00] {nemo} how do I delete a window
[09:00] {Threei} Ctrl-F6
[09:00] {nemo} ty ...I was pushing ctrl-F
[09:00] {larisa} vad, new laser version with new routes any of interest or can wait ?
[09:00] {Threei} routes not sure, but there is interesting imbalance scan larisa
[09:01] {Threei} no mags
[09:02] {Threei} everyone here on mirc, no mibbit users?
[09:03] {cosmo} imbalance of mirc users?
[09:03] {Threei} lol
[09:03] {cosmo} :)
[09:03] {Threei} seems mibbit is down
[09:05] {magoo} was mibbit that other indow for room?
[09:06] {magoo} dino uses that other room to access
[09:07] {Threei} he is not in yet?
[09:07] {magoo} he just walked in..waiting for him to react he he
[09:08] {cosmo} COMS
[09:09] {cosmo} 5.20 ...so far
[09:12] {cosmo} HLCS pre mkt high = 2.82 fyi
[09:14] {magoo} vad CHTP LOOK
[09:15] {Threei} 9:09:14 AM
[09:15] {Threei} Chelsea Therapeutics Preliminary data show Phase III study of Droxidopa did not meet statistical significance in treating neurogenic orthostatic hypotension
[09:15] {Threei} * Study 302 Did Not Meet Statistical Significance on Primary Endpoint
[09:15] {Threei} * Key Secondary Endpoints Strongly Support Symptomatic Benefit
[09:15] {Threei} * Design of Second Study May Offer Significant Advantages
[09:15] {Threei} * Company Conducting Additional Data Analyses
[09:16] {nemo} weird...ctrl-f6 is just pushing windows to background
[09:16] {Threei} - CEO: "While the outcome on Item 1 of the OHSA scale did not meet the company''s expectations, our preliminary look at each of the secondary symptomatic outcome measures was encouraging and supportive of the therapeutic benefit of Droxidopa in neurogenic orthostatic hypotension, we anticipate a more comprehensive review of the data will help determine the relative impact of a higher than anticipated placebo response and what, if any, additional factors may have contributed to these unexpected result"
[09:16] {magoo} F4
[09:17] {nemo} kewl
[09:17] {Threei} oh yeah... my keyboard is a bit different
[09:17] {Threei} forgot
[09:17] {nemo} you did it on purpose
[09:17] {Threei} cruel CHTP
[09:17] {magoo} wheres bounce?
[09:17] {Threei} Reminder: five IPO's scheduled for today
[09:17] {Threei} ** there are two listed IPO's, which can open for trading at any time after 9:30amET:
[09:18] {Threei} - ART: Priced 25M share IPO at $26/share v $24-26/share expected pricing range. The lead underwriter is Goldman Sachs. The company is an asset management firm which caters to institutional and mutual fund clients.
[09:18] {Threei} - ARI: Priced 10M share IPO at $20/share. The lead underwriters are JP Morgan, Citi and Barclays. The company is a commercial real estate finance company that invests in commercial real estate loans, commercial mortgage-backed securities and other real estate-related debt investments.
[09:18] {Threei} ** there are also three NASDAQ IPO's today:
[09:18] {Threei} - AONE: Prices IPO at $13.50/share, increases offer size to 27.5M from 25M. Announced today the initial public offering of 28,180,501 shares of its common stock at $13.50 per share. AONE makes advanced rechargable lithium-ion batteries.
[09:18] {Threei} - CLNY: Priced 12.5M share IPO at $20.00/share, which is in line with the expected price. The lead underwriters are Bank of Americal/Merrill, Goldman, Morgan Stanley and UBS. The Company is a newly formed real estate finance company that will focus primarily on acquiring, originating and managing commercial mortgage loans, which may be performing, sub-performing or non-performing loans The Company intends to elect and qualify to be taxed as a real estate investment trust.
[09:18] {Threei} - VITC: Priced 11M share IPO at $12/share vs. expected pricing range of $11-13/share. The lead underwriters are Jefferies, Oppenheimer; Co Managers Needham and Roth Capital. The company is an online retailer and direct marketer of health and wellness products.
[09:19] {Threei} AONE may be interesting
[09:21] {tomg} good morning all :)
[09:21] {Threei} tom :)
[09:22] {Threei} is CHTP one drug company??
[09:22] {Threei} selloff seems to be horribly excessive
[09:23] {magoo} seems so
[09:27] {nemo} oil plummeting how airlines?
[09:30] {dptl} good morning all
[09:30] {Threei} dp :)
[09:33] {nemo} news bbby
[09:33] {nemo} ?
[09:33] {magoo} RIMM vad
[09:34] {Threei} downgrade earlier
[09:34] {Threei} nithing fresh
[09:34] {nemo} ahh...beat down
[09:34] {Threei} watching YRCW for bounce
[09:35] {Threei} RIMM is not ready yet
[09:35] {nemo} chef vad
[09:37] {Threei} 86 cross... couldn't type in time
[09:37] {Threei} let's see if we get double bottom
[09:38] {Threei} dive closer to 86
[09:39] {Threei} yeah right
[09:40] {Threei} Short Setup: CAT .45 break
[09:40] {Threei} if stays below .60
[09:41] {Threei} not a scalp for me
[09:41] {magoo} RHT on fire
[09:42] {Threei} under 1:1, covering half
[09:43] {Threei} stop to above .50
[09:44] {Threei} Preview: Aug Existing Home Sales due out at 10amET
[09:44] {Threei} **consensus expectation: 5.35Me (+2.1% m/m) v 5.24M prior.
[09:44] {Threei} - range of expectations
[09:45] {Threei} 1/4 more out CAT
[09:45] {magoo} covered CAT .11 TY
[09:45] {Threei} .15
[09:45] {Threei} welcome mags
[09:45] {Threei} stop to above .40 for the last piece
[09:46] {nemo} ty vad
[09:46] {tomg} out .13, ty vad
[09:46] {Threei} sure thing guys
[09:46] {Threei} hey, this is our first market following short in quite a while
[09:47] {Threei} PALM Hearing dealreporter making cautious comments in the name (16.75, -0.21, -1.24%)
[09:47] {magoo} LVS MGM vad
[09:47] {magoo} bouncers?
[09:47] {Threei} LVS either double bottom or breakdown
[09:48] {Threei} my inclination is breakdown
[09:48] {magoo} thats the toughie
[09:48] {Threei} need little consolidation for closer stop
[09:48] {Threei} trigger is .40 break of course
[09:48] {larisa} hope ese did not hold STEC overnight
[09:49] {Threei} DNDN Sees NJ site at full capacity as of H1 2011; Will manufactor enough Provenge to generate Rev of approx $500-1B (27.28, -0.99, -3.50%)
[09:50] {magoo} AM vad nuts
[09:50] {Threei} AM Reports Q2 $0.40 v $0.06e (ex benefit), R $356.4M v $363Me
[09:50] {Threei} - Pre-tax benefit from an insurance program of $7.9M (after tax of approximately $7.6M)
[09:51] {magoo} any read RHT vad?
[09:52] {magoo} RIMM too
[09:52] {magoo} sorry alot going on here
[09:53] {Threei} Short Setup: LVS .50 breakdown
[09:53] {Threei} stop above .60
[09:54] {Threei} aggressive entry for that .40 trigger
[09:54] {Threei} 1:1 in a hurry
[09:54] {nemo} didn't get the message until after trigger
[09:54] {fernp} true
[09:54] {nemo} what I said fern, or 1:1 in a hurry?
[09:54] {Threei} it was at .48
[09:55] {Threei} watch the bounce for entry
[09:55] {larisa} .38 here when message came
[09:55] {nemo} not when it came across...must be network problem
[09:55] {Threei} .38??
[09:55] {nemo} already in .30's
[09:55] {Threei} wow
[09:55] {Threei} okay, let's see if gives second chance
[09:56] {Threei} this comment takes the prize:
[09:56] {Threei} (IT) Italian PM Berlisconi: G20 can not allow further speculation in commodities
[09:57] {nemo} Yeah...the italian economy has always been in such great shape
[09:57] {nemo} the only organization that functions well is the mafia
[09:58] {Threei} crrrap... no second chance LVS
[09:59] {magoo} hit rimm .98 long
[09:59] {larisa} lol me too :)
[09:59] {Threei} OK
[09:59] {Threei} in LVS
[10:00] {Threei} stop above .60
[10:00] {nemo} long?
[10:00] {Threei} AUG EXISTING HOME SALES (M/M): 5.1M V 5.35ME (-2.7% M/M)
[10:00] {Threei} ???
[10:00] {Threei} wake up
[10:00] {larisa} :)
[10:00] {Threei} I was hunting for swecond chance entry and posted it like three time
[10:00] {nemo} I looked away when you said no 2nd chance
[10:01] {Threei} cover half who got it
[10:01] {Threei} (US) Fed: Will weight continuing TAF on permanent basis, seeking public comment
[10:02] {Threei} out last portion CAT
[10:02] {nemo} posted what, that you were looking?
[10:02] {Threei} 52.50
[10:02] {larisa} nice CAT call, week stock off resistance.. beauty
[10:02] {Threei} +.95
[10:02] {Threei} nemo... you want to tarde or to argue?
[10:03] {Threei} covering LVS in full
[10:03] {Threei} .15
[10:03] {Threei} +.30
[10:03] {nemo} no, just wondering if info coming across mirc
[10:05] {Threei} ok, let's see
[10:05] {Threei} [09:55] {Alert} Threei watch the bounce for entry
[10:05] {Threei} [09:55] {Alert} Threei okay, let's see if gives second chance
[10:06] {Threei} [10:00] {Alert} Threei OK
[10:06] {Threei} [10:00] {Alert} Threei in LVS
[10:06] {nemo} forgot the "crap..." line
[10:06] {Threei} does it translate into long in any way?
[10:07] {Threei} not even speaking of
[10:07] {Threei} [10:00] {Threei} stop above .60
[10:07] {nemo} yep
[10:07] {fernp} BAC bounceVad?
[10:07] {Threei} why did I ever cover it
[10:08] {Threei} not sure we are ready for bounces
[10:08] {fernp} ok
[10:08] {Threei} market mood has changed drastically
[10:12] {larisa} RIMM reports after close?
[10:12] {Threei} yes
[10:13] {larisa} watching for 2d bottom, missed first off 83.50
[10:14] {Threei} IMO{ change the mode
[10:14] {Threei} it's breakdowns
[10:15] {Threei} not bounces
[10:16] {Threei} US House Committee postpones hearings on credit ratings agencies (related MCO MHP )
[10:16] {Threei} why, they are very nusy with something?
[10:16] {Threei} busy
[10:21] {Threei} Long Setup: YRCW .700 if stays above .60
[10:21] {Threei} scalp only
[10:26] {mib_izoaq1} oh my god....i'm in.......shaking!!!! Shivering!!!! trading room withdrawl.......ahhhhhhhhhh can rest easy now
[10:26] {nemo} ese?
[10:27] {Threei} lol
[10:27] {Threei} ese is hiding fromn his brother under tis nick I guess

[11:35] {ese} looks like i'm in again....anyone else hangin
[11:35] {Threei} jeez
[11:35] {ese} and i'm ese
[11:35] {nemo} Hi Honey! I'm Home!
[11:35] {ese} and and and......your VAD!!!!!
[11:35] {dptl} [08:33] {dptl} oh i am first one
[11:35] {ese} hello dear
[11:36] {nemo} sweetie pie!
[11:36] {ese} nope.....i was
[11:36] {nemo} There's something seriously wrong with us
[11:36] {ese} ha ha dp
[11:36] {Threei} something?
[11:36] {Threei} try everything
[11:36] {dptl} lol
[11:36] {nemo} DPWFL
[11:36] {ese} ok ...swhivering and shaking has stopped again
[11:37] {patience} good morning guys
[11:37] {nemo} mainline traiding ese?
[11:37] {ese} you got a drug for that vad.....trading room withdrawl
[11:37] {Threei} AONE does
[11:37] {ese} pppppaaaaaaaaatttttttttiiiiieeeennnnccceee!!!!!!!!! we haven't lost you......oh my god i thought it was over
[11:38] {nemo} aig an rimm seem to be teasing both ways
[11:38] {Threei} watch it and you are symptoms-free
[11:38] {ese} start of down trend today boys and girls....hmmmmmwhadaya think?
[11:39] {nemo} Read the caption over the window dude
[11:39] {patience} don't know...will wait until this spin doctor week is over....
[11:40] {Threei} well, we did two shorts today ese
[11:40] {ese} which ones
[11:40] {Threei} CAT and LVS
[11:40] {ese} lemme take a look
[11:41] {ese} 53 on dn for cat?
[11:41] {ese} that looks very nice
[11:42] {ese} lvs 18.30 on dn.....very nice ladies and gentlemen
[11:43] {nemo} gentlemen?
[11:43] {ese} loosely speaking of course
[11:43] {Threei} actually, CAT we shirted around 53.50
[11:43] {ese} ....me thinks this isn't over...patience are you on the sidelines or shorting
[11:43] {Threei} and LVS 18.50
[11:44] {ese} nice
[11:45] {ese} take a look at dndn....the bounce it took...boes well for the future
[11:45] {ese} bodes
[11:45] {Threei} it had news too
[11:45] {ese} i think so
[11:45] {Threei} boy I hope magoo saw AONE momo...
[11:45] {Threei} his play
[11:46] {patience} ese, i am doing a bit of buying...just scalping....majority of money is on the sidelines
[11:46] {patience} not shorting yet
[11:47] {Threei} US Deputy Sec of State: China and US are not looking to create a trade war due to tire dispute
[11:47] {ese} ya same here with money....i like the neighbourhood i'm living in....prefer to keep it
[11:47] {nemo} rimm might be a short if it doesn't stay above .95
06[11:50] * nemo slaps magoo around a bit with a large trout
[11:50] {magoo} INNNNNNNN
[11:50] {Threei} mags...
[11:50] {Threei} [11:45] {Threei} boy I hope magoo saw AONE momo...
[11:50] {Threei} [11:45] {Threei} his play
[11:50] {nemo} volumes pretty strong
[11:50] {magoo} i actually did
[11:50] {Threei} cool
[11:51] {magoo} my exit .97 no shit..but entry was .40
[11:51] {Threei} 19.97?
[11:51] {magoo} yea
[11:51] {Threei} nice timing
[11:51] {magoo} my in 19.40..so not great
[11:52] {Threei} no... attack on 19 was where you would usually enter if watched it
[11:52] {Threei} we that typical "again and again, until we break that dam"
[11:52] {Threei} was
[11:56] {ese} l aone .59
[11:56] {Threei} we are reversing
[11:56] {Threei} or at least starting much more deep pullback than in months
[11:57] {ese} out aone.81 3k of the little blighters
[11:57] {ese} tks for that vad
[11:57] {gnslng} Nemo, could you tell me how to enable sounds,thx gns when you get a chance
[11:58] {Threei} welcome ese
[11:59] {Threei} next break
[12:00] {fernp} am i in?
[12:00] {fernp} lost connection
[12:00] {Threei} yes fern
[12:00] {Threei} not just you
[12:00] {fernp} ty
[12:00] {Threei} server was down
[12:00] {Threei} you never got an e-mail?
[12:01] {fernp} now i see the email
[12:01] {ese} that was the first time i'd traded an ipo.....
[12:01] {ese} up and dn like a rocket.......
[12:03] {nemo} aig woke up
[12:04] {ese} did it ever
[12:07] {Threei} was a bit hesitant on LVS short call at .50 break
[12:07] {Threei} still not fully in short mode
[12:07] {nemo} folks...where else might the Alert setting window be other than under "Ucentral" when you right click on a name
[12:07] {Threei} Info
[12:07] {Threei} in new version
[12:08] {nemo} I check for updates...no new version available
[12:08] {nemo} where's "Info"?
[12:08] {Threei} right click on a nick
[12:08] {Threei} there should be line Info
[12:08] {Threei} in mIRC newer than yours
[12:09] {nemo} I have Ucentral...got that gnslng?
[12:09] {ese} l dndn .20
[12:09] {Threei} Ucenral is in older version, I have that one too
[12:09] {nemo} huh...on the mirc site it says v6.35, which is what I have
[12:10] {Threei} click Help - Check for Updates
[12:10] {nemo} yes did that...none...went to the site, all it shows is v6.35
[12:10] {Threei} strange... I have 6.32
[12:11] {Threei} 6.35 should be with Info
[12:11] {fernp} 6.35 here
[12:11] {nemo} so...I ahve the latest
[12:11] {Threei} fern, where is Highlight section in your version?
[12:11] {Threei} to set the sound alert
[12:12] {fernp} right click threei --} info --}highlight
[12:12] {Threei} yup, that's what I thought
[12:12] {Threei} thank you
[12:12] {fernp} :)
[12:12] {Threei} LVS...
[12:12] {ese} out dndn .17 -.03 i ain't hangin around long today
[12:12] {Threei} killage in progress
[12:12] {nemo} Well, all's right with the universe...mines fubar
[12:13] {Threei} dino's in the house
[12:13] {Threei} we are slowly recovering from putage... people catch the train
[12:14] {dino} lol
[12:14] {Threei} where is the rest 3,985,082 subscribers
[12:15] {Threei} oh wait, that was in that nightmare where I sw myself as Cramer
[12:15] {dino} stec gap filled from couple days ago
[12:16] {dino} xlnx l from .10, close gap fill tues. close
[12:17] {dino} clw coming into yesterdays lod
[12:17] {dino} thin
[12:17] {dino} amn interesting range
[12:18] {dino} nemo, i missed mos, waited at 50.00, ugh
[12:18] {dino} pretty reliable pattern mos has
[12:19] {dino} avgo
[12:20] {fernp} AIG 47 break?
[12:21] {Threei} 50/50
[12:21] {Threei} why not try small shares
[12:21] {fernp} ok
[12:21] {dino} thats an extreme "pulp" mover
[12:22] {fernp} i'll pass
[12:22] {Threei} yeah
[12:22] {Threei} rejections are more likely now,
[12:23] {Threei} and for the breaks of this kinf aggressive entries are not an option anymore
[12:23] {Threei} mags, you keep it in mind
[12:23] {Threei} this is your preferrable mehtod,
[12:23] {Threei} and it;'s NOT suitable for this makrte
[12:24] {magoo} yup
[12:30] {dino} cprt blood
[12:31] {Threei} Preview: Treasury's $29B 7-year note auction results due out just after 1pmET
[12:31] {Threei} - $29B is is a $1B increase from the Aug auction
[12:31] {Threei} - prior bid-to-cover was 2.74
[12:31] {Threei} here is that auction again
[12:31] {Threei} I'll wait for larisa to learn all about it and then teach me
[12:31] {larisa} I do not want to
[12:32] {Threei} ok, then I'll die not knowing
[12:32] {larisa} I better eat chocolate and watch TV
[12:32] {Threei} and probably better for it
[12:32] {dino} i think it only matters when they stop buying
[12:38] {magoo} any read A! vad
[12:38] {magoo} A1
[12:39] {nemo} I wont do that again
[12:39] {Threei} magoo?
[12:39] {magoo} huh
[12:39] {Threei} A1?
[12:39] {magoo} AONE
[12:39] {Threei} rofl
[12:39] {nemo} jeez vad...even I got that
[12:39] {Threei} oh you did?
[12:40] {nemo} understood it
[12:40] {Threei} fine, YOU answer magoo then
[12:40] {nemo} whoa
[12:40] {nemo} tried to update my mirc..not a good idea
[12:40] {Threei} no mags
[12:40] {Threei} it was fine when it had momo
[12:40] {magoo} in the meantime magoo ? gets lost
[12:41] {Threei} now momo's gone, and it's still IPO{
[12:41] {Threei} wit nothing technical to it
[12:41] {nemo} so, is it now a posipo
[12:41] {Threei} I had this question a day or two ago, and larisa saved him... now I have to repeat:
[12:42] {Threei} anyone objects if we kick nemo out?
[12:42] {Threei} lol
[12:42] {Threei} [12:42] * nemo Quit (Quit: )
[12:42] {Threei} -----------
[12:42] {magoo} oh oh
[12:42] {magoo} vad..thoughts on RIMM here especially with earnings tonite
[12:43] {magoo} i would think they ram it up
[12:43] {Threei} I have feeling bounces are in play right now
[12:43] {magoo} LVS
[12:43] {magoo} trying finally
[12:43] {Threei} just let's try them carefully and keep stops like religion
[12:43] {magoo} sold out ..crushed..but reloaded .04
[12:43] {Threei} RIMM .20 break'
[12:44] {magoo} .40 area rejected rimm twice earlier
[12:44] {magoo} so needs to take .50 for runn
[12:44] {Threei} that's fine
[12:45] {Threei} we will scalp into that or partial
[12:45] {magoo} but scalp from .20 looks good
[12:45] {Threei} and bif offer at .20 makes break looking juicable
[12:45] {Threei} if that's a word
[12:45] {magoo} takes fitty..we might get near 85
[12:48] {magoo} out LVS .30
[12:50] {Threei} nemo... nice preemptive exit
[12:50] {nemo} I figured the cave wouldn't work
[12:51] {Threei} and larisa may not want to save you this time
[12:51] {Threei} let's go RIMM
[12:51] {nemo} go on break of .20?
[12:51] {magoo} in of course
[12:51] {Threei} 1:1
[12:51] {Threei} half out or scalp
[12:51] {magoo} needs fitty
[12:54] {magoo} it takes .50 and im ridinbg it
[12:55] {nemo} pivot resistance is @ .37 mags
[12:57] {Threei} second half is stopped b/e
[12:57] {magoo} gooby.com has issued a buy on RIMM
[12:57] {magoo} says coiling
[12:58] {nemo} on 5 min break of .50 looks juicy
06[13:01] * magoo slaps dawg around a bit with a large trout
[13:01] {magoo} bad dog
[13:01] {Threei} TREASURY'S $29B 7-YEAR NOTE AUCTION DRAWS 3.005% WITH BID-TO-COVER RATIO: 2.79 V 2.63 PRIOR AND 2.48 OVER THE LAST SEVEN
[13:01] {Threei} - indirect bidders take 61.2% of competitive bids
[13:01] {Threei} 46.3% alotted at the high
[13:02] {magoo} 4th try
[13:02] {magoo} ,40 area
[13:03] {nemo} tlt not really reacting on that news
[13:04] {magoo} ok :)
[13:05] {magoo} giddy up
[13:05] {magoo} patrick swayze in point break"c'mon jonny..we gonna ride this all the way"
[13:06] {nemo} look where that got him
[13:06] {nemo} the big dirt nap
[13:06] {larisa} not nice
[13:07] {nemo} nature is unkind
[13:07] {magoo} he was a good guy
[13:07] {nemo} absolutely...really liked his stuff
[13:07] {nemo} only the good die young
[13:08] {magoo} then vads gonna live forever
[13:08] {Threei} lol
[13:08] {nemo} I make the snowballs you throw em
[13:08] {magoo} u insert rocks in them
[13:08] {nemo} only vads
[13:10] {nemo} aig maybe .60 break
[13:10] {nemo} 46 I meant
[13:11] {magoo} i took that AIG
[13:11] {nemo} cool, made 1:1
[13:11] {magoo} well...
[13:12] {magoo} looking for a rip
[13:12] {nemo} cat break..oops broke
[13:14] {nemo} no volume on aig pullback
[13:16] {magoo} RIMM such a stupid donkey today
[13:17] {nemo} scalps to the upside riders to the downside
[13:17] {larisa} very good for scals
[13:17] {larisa} +p
[13:17] {nemo} what's +p lari?
[13:17] {larisa} scals +p
[13:18] {Threei} lol
[13:18] {Threei} nemo, you are something...
[13:18] {nemo} or would that be -s +p +s
[13:18] {nemo} well "+p" has an entirely different meaning to me
[13:19] {Threei} you read every line in complete isolation
[13:19] {nemo} moth memory
[13:20] {Threei} nah, that's me with moth memory,
[13:20] {nemo} alright, bacterial
[13:20] {Threei} and you make us both look like Einstein {G}
[13:20] {nemo} I wouldn't say you look like Einstein
[13:20] {Threei} ok... moth can have the looks
[13:24] {Threei} (EU) EU's Barroso: Economic and financial situation remains fragile, believes governments need to prepare exit strategies and have them 'ready to go'
[13:24] {Threei} - Insists that governments need to maintain their economic support programs
[13:24] {Threei} - Would like to see decisive action on bank pay
[13:24] {Threei} they repeat it for months
[13:24] {Threei} isn't it time to write a new speech?
[13:25] {Threei} fragile, difficulties ahead, green shoots, prepare exit, do not withdraw stimulus measures too soon, regulate banks - there
[13:44] {Threei} RGBO US Senator Grassley notes FDA will review approval of the Knee device from 2008; sees approval as 'too quick' (11.73, -0.46, -3.77%)
[13:44] {Threei} what does senator have to do with FDA reviewes?
[13:49] {nemo} $ kicking butt today
[13:50] {Threei} wasn't it supposed to go to zero?
[13:51] {Threei} and gold to infinity?
[13:53] {Threei} LVS... breakdown or no breakdown
[13:54] {Threei} tempting
[13:54] {Threei} 17 - 17.10 or 17.15
[13:58] {ese} outta here until tomorow.....interesting day....take care
[13:58] {Threei} take care ese
[13:58] {ese} cya vad
[13:59] {dptl} ye..me too...see ya tomorrow all.....have a good one
[14:01] {Threei} :)
[14:02] {Threei} let's try it differently
[14:03] {Threei} Short Setup: LVS .10 break
[14:03] {Threei} if stays under .20
[14:03] {nemo} that was quick
[14:09] {Threei} SNIC CEO: Offering streaming movies to cable TV subscribers; and movie downloads through Blockbuster
[14:10] {Threei} NYSE Euronext CEO: Federal government is pressuring NYX to make acquisitions of other exchanges, not be acquired
[14:10] {Threei} - High-frequency trading shouldn't be bundled with other market issues currently under scrutiny.
[14:10] {Threei} - Volume going through alternative venues makes it difficult to keep tabs on market manipulation.
[14:10] {nemo} well, gotta' get ready to go
[14:10] {nemo} cu 2morow
[14:11] {Threei} what, not going to wait for LVS hitting 16?
[14:11] {nemo} can't
[14:11] {Threei} okay.. scalped at least?
[14:11] {nemo} .08
[14:14] {fernp} LVS I am out here TY Vad
[14:14] {Threei} :)
[14:15] {dino} 3% + drop ndx, s/p. stock moves are much bigger. lots of stuff i watch down 5-15%
[14:16] {Threei} I guess we just tend to watch more volatile stuff
[14:16] {fernp} fast sell is not working here. doesn't cancell my previous order.
[14:16] {fernp} are you using fast sell vad?
[14:16] {Threei} yes
[14:17] {Threei} what trade you use it on?
[14:17] {fernp} LVS, YRCW
[14:17] {Threei} short?
[14:17] {fernp} one short one long
[14:17] {Threei} on short it won't work
[14:17] {Threei} it's fo sell only
[14:18] {fernp} yeah
[14:18] {Threei} exiting short you buy
[14:18] {Threei} OK LVS.. break that 17
[14:18] {Threei} on long, there are two scenarios
[14:18] {Threei} one is, stosk is avaliable for shorting,
[14:18] {Threei} then fast sell works like charm
[14:18] {Threei} another is, stock is not available,
[14:19] {Threei} then your first order will be canceled but new one wqon't be entered
[14:19] {Threei} you'll see a red line saying:
[14:19] {Threei} no long position to sell
[14:19] {Threei} click second time then,
[14:19] {Threei} actual sell order will go through
[14:20] {Threei} as first one is already canceled
[14:20] {fernp} ok. thank you
[14:20] {Threei} YRCW is unavailable
[14:20] {Threei} so that's probably what happened
[14:20] {fernp} i have a msg saying you have no shares to sell
[14:20] {Threei} yup
[14:21] {fernp} but i was long 500
[14:21] {Threei} yes,
[14:21] {Threei} but you already had sell order entered
[14:21] {fernp} yes
[14:21] {Threei} so,
[14:21] {Threei} from software point of view
[14:21] {Threei} you tried to short it
[14:21] {Threei} and there are no shares to short for this partuclar stock
[14:22] {Threei} fast sell algorithm is: send new sell order, cancel first
[14:22] {fernp} ok. fast sell works ok when stock is shorteable
[14:22] {fernp} if not. better press cancell
[14:22] {Threei} if ifor that it has to have shares for short
[14:22] {Threei} no, no need to cancel
[14:22] {Threei} click sell,
[14:22] {Threei} if no shares to short, it will cancel
[14:23] {Threei} so just click sell second time
[14:23] {Threei} anyway faster than cancel, move cursor to sell button, click again
[14:23] {Threei} you are already at sell button
[14:23] {Threei} see what I mean?
[14:23] {fernp} ah, to press twice sell?
[14:23] {Threei} yup
[14:24] {fernp} THANK YOU
[14:24] {Threei} sure
[14:24] {Threei} just make sure you se that red line
[14:24] {Threei} 'cause if shares appeared whuile you held position and stock became shortable
[14:24] {Threei} you will short it by clicking twice :)
[14:25] {fernp} :) bad luck then
[14:25] {Threei} or not... if it drops :)
[14:26] {fernp} true
[14:27] {Threei} US Senate Democrats to introduce legislation on Sept 30 to reduce greenhouse gas emissions (related CARBX USO UNG )
[14:44] {dino} stec break of .00
[14:46] {dino} mnkd l .33 stop lod
[14:56] {larisa} over 9800 today, over 10K tomorrow?
[14:56] {larisa} I want a surprise
[15:05] {magoo} read RIMM vad?
[15:07] {Threei} none really
[15:13] {Threei} Chavez talking about movies
[15:13] {Threei} wehat kind of zoo they are running at UN really
[15:15] {dino} they should disban it, waste of time and money
[15:16] {Threei} I say bulldozer
[15:16] {dino} burn 'em all ike, burn 'em all
[15:19] {dino} tombstone
[15:29] {fernp} see you all tomorrow. have a good evening
[15:29] {Threei} take caere fern
[15:30] {dino} we are going up because cramer just posted 9k before 10k on dji. the ultimate short term contrary indicator
[15:30] {Threei} jeez
[15:30] {Threei} I really need to stop watching charts, start watching this guy and just fade him
[15:32] {dino} indeed
[15:32] {Threei} ok, let's see ig this imbalance thingy works
[15:32] {Threei} IWM
[15:33] {Threei} buy imbalance
[15:33] {Threei} UCO sell
[15:39] {magoo} vad..gun to your anus...rimm pop up or down after bell??
[15:40] {Threei} no slightest idea mags, it's earnngs
[15:40] {Threei} feel has a chance to work on chart
[15:40] {Threei} but I don't know how to get a feel for what earnings will be :)
[15:41] {Threei} the only thing I can say is,
[15:41] {Threei} we are in the market phase that is more likely to sell even good news
[15:41] {magoo} good point
[15:50] {dino} mnkd stopped -.09
[15:57] {dino} out stec flat
[15:58] {Threei} okay guys, thak you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {Threei} I'll try to post rimm mags
[15:59] {larisa} thak you too :)
[15:59] {magoo} ty
[15:59] {Threei} I knew that
[15:59] {Threei} as soon as I saw what I typed :)
[16:00] {larisa} predicting future?
[16:00] {Threei} just a tadf
[16:00] {Threei} as far as the ways to smack me go
[16:00] {lasertrev} good night all
[16:00] {Threei} self-preserving instincts, you know
[16:01] {Threei} gotta know where to expect the slap from
[16:01] {Threei} take care trev

Labels: , , ,

Wednesday, September 23, 2009

Sep 23 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


We stayed inactive for the most part of the day but still did a few good trades not spoiled by couple stops. Notably, AIG short worked flawlessly. The rest was your normal garden variety HIG/PALM/WFC

Session Time: Wed Sep 23 00:00:00 2009

[07:55] {magoo} morning
[07:55] {nemo} comrade
[08:04] {magoo} am i here, crashed
[08:04] {nemo} .
[08:04] {nemo} such existential questions
[08:21] {Threei} good morning
[08:21] {nemo} :)
[08:21] {magoo} :)
[08:21] {Threei} wow
[08:21] {Threei} stop smiling, you are scaring me
[08:21] {nemo} it's just a couple of key strokes...I'm sticking pins in your voodoo doll as we speak
[08:21] {Threei} whew... OK, my world is back
[08:26] {Threei} LVS JP Morgan raises price target to $24 from $17 (19.27, 0.00, 0.00%)
[08:26] {Threei} (US) FDIC to meet on 9/29 to consider ways to replenish deposit fund (related XLF )
[08:26] {Threei} yeech
[08:27] {nemo} they're broke
[08:31] {magoo} news XLNX
[08:32] {Threei} 8:01:54 AM
[08:32] {Threei} Xilinx Inc Guides Q2 Rev +10% q/q (implies $413.6M v $391.6Me) (+2-6% q/q prior)
[08:32] {Threei} - Affirms Q2 gross margin 61%
[08:32] {Threei} - The increased sales guidance is primarily due to broad based strength across nearly all end markets and geographies.
[08:38] {Threei} CPST worth keeping eye on
[08:40] {cosmo} XLNX sees better times ahead...
[08:40] {Threei} sure... tunnel... light... train...
[08:41] {cosmo} oh geez
[08:41] {cosmo} thx for the warning
[08:41] {Threei} sprry cosmo, I am just very vulnerable this morning... had a shock
[08:42] {Threei} as soon as I said "good morning", both nemo and magoo smiled in response... you can imagine the horror
[08:42] {Threei} my heart is still pounding...
[08:43] {cosmo} i feel paranoid just thinking about it....
[08:43] {cosmo} :)
[08:43] {Threei} I knew you'd understand
[08:44] {nemo} yeah...I'm letting my hair grow..going to tie-die and Birkenstocks...considering becoming a vegetarian
[08:44] {Raven} sigh
[08:44] {nemo} mmmmmmhhhhh....the People's Republic of Massachusetts has finally gotten to me.
[08:45] {nemo} Guess I'll have to start reading that New Age stuff
[08:50] {Threei} (CH) PBoC's Zhou: SDR proposal was a response to the incorrect view that China's high savings rate and trade surpluses were causes of the financial crisis
[08:50] {Threei} ***Reminder: On Sept 23rd A US Official stated that President Obama and China's Hu discussed the need for more balanced global growth but did not discuss issue of US dollar's role as reserve currency
[08:55] {dino} gm all
[08:55] {nemo} :)
[08:55] {Threei} dino :)
[08:59] {cosmo} KERX
[08:59] {magoo} KERX vad..news?
[08:59] {cosmo} :)
[09:01] {Threei} 8:31:42 AM
[09:01] {Threei} Keryx Biopharmaceuticals Inc Reports Results of Open Label Extension Study Examining Long-Term Use of Zerenex, for the Treatment of Hyperphosphatemia
[09:01] {Threei} - Results of the Open Label Extension (OLE) trial of Zerenex (ferric citrate) for the treatment of elevated serum phosphorous levels, or hyperphosphatemia, in patients with end-stage renal disease (ESRD) on dialysis. The OLE trial, conducted in Taiwan, enrolled 29 of the 37 Taiwanese patients that had completed the randomized, multi-center, multi-national (United States and Taiwan) dose-ranging Phase 2 study.
06[09:01] * nemo slaps lasertrev around a bit with a large trout
[09:02] {lasertrev} gm
[09:03] {nemo} stec might be woth a look too
[09:04] {cosmo} KERX needs to hold 3.10 imo
[09:10] {KSystems} Boo
[09:10] {nemo} Boesewicht
[09:10] {KSystems} schnarchnase
[09:10] {Threei} ks :)
[09:10] {nemo} lech....nevermind
[09:10] {KSystems} 3i :D
[09:13] {fernp} good morning everybody
[09:14] {nemo} fern
[09:14] {Threei} fern :)
[09:14] {nemo} stec broke resistance
[09:16] {nemo} hi lari :)
[09:16] {larisa} gm :)
[09:16] {KSystems} lari?
[09:16] {KSystems} now thats sweet
[09:17] {larisa} do not ask :)
[09:17] {nemo} :)
[09:17] {larisa} hi KS :)
[09:17] {magoo} whats on the watch ;list vad?
[09:17] {KSystems} hi...
[09:17] {KSystems} lissy
[09:17] {KSystems} :P
[09:17] {Threei} larisa :)
[09:17] {larisa} lol
[09:17] {Threei} (US) Treasury's Ramanathan: Gross US issuance in 2009 will be $7T (related EUR/USD TLT SHY )
[09:17] {nemo} lissy Borden had an axe...
[09:18] {Threei} anyone knows how 7T compares?
[09:18] {ese} good morning
[09:18] {nemo} dude
[09:18] {magoo} PALM
[09:18] {ese} dude
[09:18] {Threei} ese :)
[09:20] {dptl} good morning all
[09:21] {magoo} PALM news vad?
[09:22] {Threei} Palm, Inc Prices 20M share offering at $16.25/shr
[09:22] {Threei} - underwriters will also have a 30-day over-allotment option to purchase 3,000,000 additional shares of common stock from Palm at the public offering price. Upon the closing of the offering, Palm will receive net proceeds of approximately $313.1M, assuming no exercise of the underwriters over-allotment option.
[09:22] {Threei} - Expects to use the proceeds for working capital and general corporate purposes.
[09:22] {Threei} dp :)
[09:23] {Threei} Financial Accounting Standards Board (FASB) expected to approve new accounting rules today that could boost sales and profits reported by tech firms
[09:23] {Threei} - FASB is expected to approve rules today that would allow firms that sell products that include hardware and software (like smartphones) to book a larger portion of revenue upfront, versus the current rules under which the companies typically have to spread out the booked revenue over the expected lifetime of the product (e.g. two years for a smartphone).
[09:23] {Threei} - articles notes that firms that publicly supported the rule change include HPQ, CSCO, IBM, DELL, AAPL, PALM and XRX.
[09:24] {ese} aapl......Apple Inc Received approval to sell the iPhone in South Korea - South Korea amended the technical ban which had originally blocked the iPhone.
[09:24] {ese} hmmmmmmmm
[09:25] {Threei} ABK is still on watch for breakout on daily
[09:25] {Threei} PALM, on watch generally but no clear idea of the setup yet
[09:32] {nemo} palm holding nicely
[09:32] {nemo} so much for that
[09:32] {Threei} Long Setup: OPXA .25 break
[09:33] {nemo} missed
[09:33] {fernp} missed
[09:33] {ese} missed
[09:34] {Threei} Long Setup: KERX .30 breaK
[09:35] {Threei} if holding above .15
[09:36] {magoo} JAZZ movin
[09:36] {Threei} offer OPXA above .40
[09:37] {magoo} out .41 TY
[09:37] {Threei} hmmm
[09:37] {Threei} starts looking like momo
[09:38] {Threei} let's try to catch pullback
[09:39] {dino} hl l aipc .47
[09:40] {Threei} PALM
[09:40] {Threei} .55 long
[09:40] {Threei} if holding above .40
[09:42] {Threei} OPXA... feels like 5 if takes .65
[09:42] {nemo} is that a setup?
[09:43] {Threei} yes, just very risky
[09:43] {nemo} 1:1 palm
[09:43] {ese} l erts
[09:43] {ese} .24
[09:43] {Threei} Congressman Frank sees floor vote in the House on financial regulation reform bill in Nov
[09:43] {ese} out erts .34 +.10
[09:44] {Threei} pullback OPXA... this I like more than breakout
[09:45] {Threei} PALM 1:1
[09:45] {ese} watching this pullback in xlnx
[09:45] {fernp} ty Vad
[09:48] {Threei} crrrap
[09:49] {Threei} typed alert .40 break on OPXA
[09:49] {magoo} i hit .38
[09:49] {Threei} somehow never sent it
[09:49] {magoo} i got it teklepath
[09:49] {Threei} good
[09:49] {nemo} moth
[09:51] {cosmo} OPXA gonna test .66 hod
[09:51] {cosmo} soon
[09:53] {cosmo} i thought
[09:55] {nemo} thinkin' again cosmo?
[09:55] {cosmo} there's meds for that
[09:55] {nemo} liquid meds
[09:56] {nemo} Feds must not have the printing presses on this morning
[09:57] {magoo} xlnx bouncer vad?
[09:57] {Threei} Long Setup: HIG .70 break
[09:57] {dino} avtr
[09:58] {nemo} stop .55
[09:59] {Threei} invalidated
[09:59] {dino} aipc stopped -.27
[10:00] {dino} v sm, v risky thin, s amn .67
[10:02] {nemo} wow..rimm
[10:02] {dino} stec gap fill
[10:04] {dino} amn to flat
[10:07] {dino} stopped flat
[10:08] {fernp} HIG again Vad?
[10:08] {Threei} worth a try
[10:09] {ese} was just looking at that dino stec
[10:09] {dino} agco hl l .25
[10:10] {Threei} ACAS...
[10:10] {dino} should've hit open gap in stec
[10:10] {Threei} noty sure if this break is worth the risk
[10:11] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:11] {Threei} **consensus expectations:
[10:11] {Threei} Crude: -1.4Me
[10:11] {Threei} Gasoline: +500Ke
[10:11] {Threei} Distillate: +1.5Me
[10:12] {ese} ya
[10:12] {ese} lots of stec possibilities from here though
[10:13] {ese} higher low pullback....break of .53
[10:13] {dino} lord obama on tv
[10:13] {Threei} well, for a change he is lecturing someone else
[10:13] {ese} and with a 39 price tag target......
[10:15] {ese} l stec 51
[10:15] {nemo} bad fill
[10:15] {dino} arj thin hl l .15
[10:15] {ese} nope...fill was ok for me
[10:16] {Threei} that's nemo's (lame) attempt at humor, ese... he means as if you got filled 51, not .51... clever eh?
[10:17] {magoo} HGSI upgrade
[10:17] {nemo} no...I had a bad fill, and stopped
[10:17] {dino} aipc hl l .22
[10:19] {Threei} CVM Hires Clinical Research Organization for Clinical Study With Hospitalized H1N1-Infected Patients
[10:19] {Threei} - In order for FDA to fully consider that next-stage clinical trial to evaluate LEAPS-H1N1 treatment... (1.79, -0.09, -4.79%) more...
[10:19] {Threei} fluff
[10:21] {Threei} HIG stop under .60
[10:21] {magoo} exit target hig?
[10:21] {Threei} feels like capable of more than scalp
[10:21] {Threei} half out
[10:22] {ese} out stec .65 +.14
[10:22] {Threei} scalpers are scalpers of course
[10:22] {dino} gj
[10:23] {dino} you say that w/such disdain 3i
[10:23] {Threei} lol
[10:23] {ese} tks.....well.....i guess so
[10:24] {ese} ahhhh it's vad your talking about pheeeeeewwwww
[10:25] {Threei} 5 min till oil numbers
[10:29] {nemo} hig break of .81?
[10:29] {ese} l xlnx .87
[10:30] {Threei} *DOE CRUDE: +2.85M V -1.4ME; GASOLINE: +5.4M V +500KE; DISTILLATE: +2.96M V +1.5ME; CAPACITY UTILIZATION: 85.5% V 85.9%E.
[10:30] {nemo} whoa
[10:30] {ese} blasted market....and xlnx being the market follower that it is....sheeeeeesh
[10:31] {dino} crikey
[10:31] {nemo} watch out for that stingray
[10:31] {nemo} amr likes the news
[10:31] {Threei} Long Setup: UAUA
[10:31] {Threei} awww
[10:31] {Threei} late
[10:31] {dino} aipc to .52
[10:32] {nemo} glad I didn't buy gas yesterday :)
[10:33] {Threei} EUR/USD USD firms as build in DOE inventories weighs upon Nov Crude futures - dealers
[10:33] {Threei} - EUR/USD at 1.4765
[10:33] {Threei} - Nov NYMEX Crude futures off $2.40 at $69.35/barrel
[10:33] {dino} out aipc +.28
[10:33] {Threei} hah... so it;s now the other way around?
[10:33] {Threei} oil drives USD?
[10:33] {nemo} it's early
[10:33] {Threei} I mean this comment
[10:34] {nemo} oh...another headline
[10:34] {nemo} oooohhh...yrcw
[10:35] {Threei} yeah... 4.50 break was it
[10:35] {Threei} missed
[10:35] {nemo} aig dead today...only traded 23 mil shares so far
[10:35] {Threei} EUR/USD IMF"s Strauss Kahn: USD will remain reserve currency; is the most reliable during crisis
[10:35] {nemo} that says a lot for other currencies
[10:35] {magoo} lvs crushed
[10:36] {Threei} yeah, that was always my pont in all those currency debates
[10:36] {Threei} what is firmer, more stable, etc?
[10:36] {Threei} rouble?
[10:36] {Threei} tougrick?
[10:36] {nemo} German Mark
[10:37] {ese} out xlnx .69 -.18 &^%^%$&^%&^%&^
[10:38] {dino} pins & needles, needles & pins...
[10:38] {dino} ugh amn
[10:39] {Threei} anyone went for UAUA on pillback?
[10:39] {dino} watching syna, xlnx, clw, pnra
[10:41] {dino} stec too
[10:41] {Threei} today's selling is different
[10:41] {fernp} out HIG
[10:42] {Threei} much more systainable than what we had prior
[10:42] {nemo} steady, not sporadic, and no buying to speak of
[10:42] {Threei} maybe this market really decided to settle down finally
[10:43] {dino} next week 3i
[10:43] {nemo} aig doing just what it did yesterday
[10:45] {ese} do you mean in bear mode vad
[10:46] {ese} or just stablize where it is?
[10:46] {Threei} I hope for some serious sizeable pullback
[10:46] {dino} liwa
[10:47] {nemo} whell, palm has had a good pullback
[10:47] {Threei} I am talking about general market
[10:48] {nemo} yes...but I was noting the palm pullback
[10:48] {Threei} it becomes harder and harder to find reliable plays
[10:49] {ese} agreed
[10:49] {Threei} RIMM Hearing vauge chatter of possible secondary offering
[10:49] {Threei} *Note: Firms is scheduled to report Q2 earnings after the close of Sept 24 (85.38, +0.52, 0.61%)
[10:50] {dino} pnra hl l .03
[10:52] {dino} rimm secondary, why?
[10:53] {Threei} gotta ask guys in bunker
[10:53] {dino} ahh
[10:53] {nemo} cash
[10:53] {Threei} they went through small bios list twice by now,
[10:53] {dino} sm wide risky l .94 clw
[10:53] {Threei} so they start coining things randomly
[10:59] {dino} xlnx hl l .74 stop .49
[11:00] {Threei} Gadhafi speaks now
[11:01] {KSystems} about what?
[11:01] {Threei} I guess, peace and love
[11:01] {Threei} and flowers
[11:01] {KSystems} drugs?
[11:02] {Threei} and autumn colors
[11:02] {larisa} SVA
[11:02] {magoo} SVA nuts
[11:03] {larisa} must be news, woke up after being flat
[11:03] {Threei} nothing that I see
[11:11] {Threei} what's with SNIC today
[11:11] {dptl} got to go...have a good rest of the day all.....see ya tomorrow
[11:11] {Threei} take care dp
[11:12] {dino} stec
[11:12] {Threei} KERX Files $40M shelf (2.90, +0.54, 22.88%)
[11:12] {Threei} lol
[11:12] {Threei} didn't take long
[11:16] {Threei} watching WFC as short candidate
[11:16] {Threei} prefer a bounce
[11:16] {Threei} to short near resistance
[11:20] {nemo} mos dino
[11:21] {magoo} vad..was there upgrade LVS today?
[11:21] {Threei} yes
[11:22] {Threei} LVS JP Morgan raises price target to $24 from $17
[11:22] {Threei} - also raised nubmers in MGM, price target goes to $16
[11:24] {magoo} ty
[11:26] {Threei} WFC nearong resistance
[11:29] {magoo} wheres the "right" resistance?
[11:29] {Threei} .20
[11:30] {Threei} next is .30
[11:30] {magoo} nearong
[11:30] {Threei} so I am trying to find an entry near .20 with stop above .30
[11:30] {Threei} hey UN Security Council is terrorism organization
[11:31] {Threei} I just heard it on TV
[11:31] {Threei} must be true
[11:31] {ese} l stec ..21
[11:31] {nemo} must be that ex-green czar
[11:31] {ese} sorry late call...am talking to my brother in TO
[11:32] {nemo} not during trading hours dude!
[11:32] {ese} out stec .33
[11:32] {ese} +.12
[11:32] {fernp} gj
[11:32] {dino} gj
[11:33] {ese} tks........as i post he's still talking to me on the phone........it costs me money
[11:33] {Threei} see that OFF button on the phone?
[11:34] {nemo} you can disconnect it quite easily
[11:34] {ese} he's got some cocamamie system that he's running by me based on hourly charts.......he's driving me nuts
[11:34] {nemo} stec again
[11:35] {dino} clw stop to .50
[11:35] {nemo} kinda' makes sense...he is your brother
[11:35] {ese} oddly though.....he reads this blog at the end of the day so that my post to you guys will get me into trouble
[11:35] {nemo} have the janitor edit hit
[11:35] {nemo} it
[11:36] {dino} lol i can relate
[11:37] {dino} clw to .66expect slip
[11:38] {magoo} look at the volume opf dinos CLW
[11:38] {nemo} off the charts
[11:38] {dino} huge
[11:38] {nemo} we're bad
[11:38] {dino} up .76 on it
[11:39] {dino} to .75
[11:39] {Threei} ese... it can be dited out... for a small adminuistrative fee...
[11:39] {nemo} so, should we call ese's brother names?
[11:39] {Threei} just $99.98 per symbol
[11:40] {nemo} including spaces?
[11:40] {dino} wwww
[11:40] {Threei} nemo just cost you about 2K in one line {G}
[11:40] {nemo} anything to help Vad
[11:40] {Threei} I am not sharing
[11:41] {ese} nothank you vad....i want him to read it......he may then get the message......stop bugging me ha ha ha ha ha.....this could mean some family disharmony
[11:41] {nemo} Did I ask?
[11:41] {dino} out clw ave .77, +.83
[11:41] {nemo} nice dino
[11:41] {Threei} WFC forms a range
[11:41] {ese} hey nemo start calling my brother names.....his name is gary....go from from there
[11:41] {Threei} .10 - .20
[11:42] {nemo} Gary the fairy
[11:42] {dino} ty
[11:42] {ese} good one
[11:42] {nemo} I know...breathe...count...breathe again
[11:45] {nemo} aig might top out around here if it doesn't break .68
[11:46] {nemo} bcrx showing some life
[11:48] {dino} ntri
[11:49] {dino} whr
[11:49] {Threei} NTRI Hearing downgraded to Neutral rating at a Boutique firm[Boenning] (timing uncertain) (16.90, -1.08, -6.01%)
[11:55] {Threei} GOOG CEO Schmidt: The worst of the recession is already over - interview (396.82, +0.53, 0.13%)
[11:55] {Threei} no setup on WFC
[11:57] {magoo} (396.82,
[11:57] {magoo} its 500
[11:58] {Threei} GOOG CEO Schmidt: The worst of the recession is already over; seeing improvement in the US and other regions - interview
[11:58] {Threei} - expecting to purchase one small company per month; as per 'normal procedures'
[11:59] {Threei} lol... interesting plan
[11:59] {Threei} company a month
[12:00] {patience} hold out for a million at least vad in your negotiations with them
[12:00] {Threei} AIG US Treasury's Geithner: Board of AIG has seen a transformation (47.37, +1.57, 3.43%)
[12:01] {Threei} yeah, they need me
[12:01] {Threei} like fish needs umbrella
[12:01] {fernp} HIG breaking .80
[12:01] {nemo} I thought that was a bicycle
[12:01] {Threei} that was mermaid
[12:02] {nemo} Actually Gloria Steinem made the comparison in the hey day of Women's Lib
[12:06] {dino} stec bounce time
[12:07] {nemo} maybe aig short time
[12:07] {Threei} .10 break?
[12:08] {nemo} you asking or telling? that was my thought
[12:08] {dino} pnra stopped -.30
[12:08] {Threei} stop above .30
[12:12] {magoo} u like that AIG short still? i kinda think up
[12:12] {nemo} die aig
[12:12] {dino} xlnx out .91 +.21
[12:13] {dino} .22
[12:13] {Threei} {AIG} you don't like me :(
[12:14] {Threei} 1:1
[12:14] {magoo} good one
[12:14] {nemo} broken clock
[12:15] {nemo} stop to .15?
[12:15] {Threei} .20, IMO
[12:15] {nemo} yeah, that was my next thought
[12:16] {Threei} hey
[12:16] {nemo} pres on tv?
[12:16] {Threei} Gadhafi says, no one interfered in your civil war,
[12:16] {Threei} so let Iraqis and Afghanis kill each other if they want
[12:17] {nemo} well..iraq's got oil, an Afghanistan is part of a Iran encirclement strategy
[12:20] {Threei} now he is into JFK assasination
[12:20] {Threei} MLK now
[12:20] {Threei} I start liking the guy
[12:20] {nemo} aig looking long over 20
[12:20] {Threei} as soon as he adds topic of UFO to his speech, I will be his total fan
[12:21] {fernp} lol
[12:21] {nemo} Reagan gave him one helluva wake up call back in the 80's
[12:22] {larisa} MEE 30.40 bottom, STEC 30.40 bottom. whats right with this number today ? :)
[12:22] {Threei} ugh..he got sidetracked by Grenada
[12:23] {Threei} just when little green men were on agenda
[12:24] {Threei} WFC dropped off .30... couldn't find an entry
[12:25] {nemo} now you have an H&S
[12:25] {Threei} hmmm
[12:26] {Threei} looked in the mirror
[12:26] {Threei} you are right
[12:26] {nemo} oly problem there is support @ .16 and .13
[12:27] {nemo} by the way, look at the pattern on spy and q's
[12:27] {Threei} breakout...
[12:27] {nemo} or double top
[12:27] {Threei} can't make up my mind, break or failure
[12:27] {Threei} double top??
[12:27] {dino} stec hl l .00
[12:27] {nemo} trade what you see, not what you think
06[12:28] * nemo slaps nemo around a bit with a large trout
[12:28] {Threei} this level was tested at least 5 times
[12:28] {nemo} I'm looking at the last 90 minutes
[12:28] {dino} azm
[12:28] {nemo} on 1 minute chart
[12:28] {Threei} yeah, so?
[12:28] {Threei} test is a test is a test
[12:29] {dino} hammer theory vad
[12:29] {Threei} meaning, he sees nail in everythjing? :)
[12:29] {nemo} "dead people"
[12:29] {dino} no, hammmer to ice pounding eventually gets through
[12:30] {nemo} fyvm dino
[12:30] {Threei} :)
[12:31] {Threei} hey, he is on vaccinations now
[12:31] {Threei} and says viruses are made by "capitalist comoanies" so they profit from their vaccines
[12:31] {Threei} lordy... how did I live never hearing him speak??
[12:33] {dino} who are you quoting?
[12:33] {Threei} gadhafi
[12:33] {Threei} oh and in case you didn't know: Arabas protect Israel from West
[12:33] {dino} roflol
[12:33] {Threei} turn on CNN
[12:34] {Threei} this is better than Seiflield
[12:34] {dino} rather not, these azzholes should not get airtime
[12:34] {nemo} lvs flatlined
[12:36] {Threei} he is done
[12:36] {nemo} will probably be on Youtube
[12:36] {Threei} too long to sit and watch.. if someone makes "best of"... then yes
[12:37] {dino} snda
[12:37] {Threei} so far breakout is rejected
[12:37] {nemo} I know the feeling :(
[12:38] {Threei} Preview: Treasury's $40B 5-year note auction results due just after 1PM ET
[12:38] {Threei} - $40B auction size is a $1B increase from Aug and another record
[12:41] {Threei} AIG didn't retreat much with market drop
[12:42] {nemo} no but still trending down
[12:42] {nemo} .32 is 200 period moving average
[12:43] {Threei} I don't see it trending down
[12:43] {Threei} it broke donwtrend
[12:43] {Threei} hasn't estabilshed uoptrend yet
[12:44] {Threei} but if breaks .50 with market help, I'd say up from there'
[12:44] {nemo} I agree...which...upon review...should make you take pause
[12:45] {Threei} that's OK, I am kind of prepared
[12:45] {Threei} yesterday's event pretty much prepared me for anything
[12:45] {Threei} you will find it hard to believe, I certainly do,
[12:45] {nemo} moth brain me...which event?
[12:45] {Threei} but it's truth:
[12:46] {Threei} yesterday, around 7:55 PM,
[12:46] {nemo} oh oh...green men?
[12:46] {Threei} my wife said
[12:46] {Threei} yeah, I agree with you
[12:46] {nemo} whoa
[12:46] {nemo} surprised you made it in this morning
[12:46] {Threei} so... if you think you can suprise me...
[12:47] {Threei} ok
[12:47] {Threei} Long Setup: AIG .50 break if holding .30
[12:48] {Threei} and if I know anything about magoo, he is already in
[12:48] {nemo} me too
[12:49] {magoo} at ,37
[12:49] {nemo} .39
[12:49] {Threei} lol
[12:50] {Threei} (CA) Canadian PM Harper: Canada will continue lowering taxes during recovery (related USD/CAD EUR/CAD CAD/JPY )
[12:50] {Threei} I love our PM
[12:52] {Threei} market neared break level again and downticked off it again
[13:01] {Threei} *TREASURY'S $40B 5-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.40 V 2.51 PRIOR AND 2.23 AVG OVER THE LAST 10 AUCITONS
[13:01] {Threei} - indirect bidders take 44.8% of competitive bids
[13:02] {dino} csco l .00
[13:08] {Threei} I think they'll wind down those auctions before I find out what those figures mean aND HOW THEY IMPACT THE MARKET
[13:08] {Threei} the only consolation is, larisa is much smarter than I am and she doesn't know either
[13:08] {magoo} out aig
[13:08] {magoo} no work
[13:09] {Threei} downside of aggressive entires
[13:09] {Threei} I play them a bit differently though
[13:10] {Threei} I don't widen stop... tigher stop is one of their advantages, and widening it kind of negates it
[13:10] {Threei} .30 was the support
[13:10] {Threei} 120 cents stop would be negligible
[13:10] {Threei} 10
[13:11] {ese} dino are you still long stec.....i went long with you at .05....i'm still hangin in there
[13:13] {larisa} 31.05?
[13:13] {ese} yes
[13:13] {larisa} k
[13:14] {ese} i think dinos onto something here......i think it's gonna make a move to the days high before or at the end of the day
[13:14] {magoo} how many shares ESE?
[13:15] {ese} 6k
[13:15] {ese} so far
[13:15] {ese} if it starts to look strong i'm gonna go some more
[13:16] {dino} zoomd?
[13:16] {dino} yes es
[13:16] {ese} still in?
[13:16] {magoo} thats my bid .88
[13:17] {ese} nice
[13:17] {ese} better position than mine
[13:18] {ese} what the hell my quotes are gone....you all fine
[13:19] {nemo} whoa stec dropping like a stone :)
[13:19] {ese} stec?
[13:19] {Threei} 31 x 31.01
[13:19] {Threei} uoticking
06[13:19] * larisa slaps nemo around a bit with a large trout
[13:19] {nemo} hehehe
[13:19] {ese} tks
[13:19] {ese} nemo.....i'll get ya for that
[13:20] {ese} stec?
[13:21] {nemo} .02
[13:21] {ese} oh no ok fine now
[13:21] {ese} tks
[13:21] {Threei} can't believe we missed YRCW
[13:22] {nemo} hey dino, remember when I asked you about MOS @ 50.50
[13:22] {dino} yes
[13:23] {dino} missed alot of them today
[13:23] {nemo} sorry
[13:23] {magoo} we??
[13:23] {magoo} i took it
[13:23] {dino} but you know what they say....
[13:23] {nemo} what, mos?
[13:23] {ese} we???
[13:23] {magoo} yourcow
[13:23] {ese} just kidding
[13:23] {magoo} out 54 tho
[13:23] {nemo} oh
[13:23] {dino} its a good day to die, and the days not over yet
[13:24] {nemo} ok Bu
[13:24] {magoo} yesterday i died..i wanna live today
[13:24] {nemo} I've got a slow bleed going today
[13:24] {magoo} AIG crushed my anus yesterday
[13:25] {nemo} you ever hear the joke about the crocagator?
[13:27] {ese} mags you stec position is looking real good
[13:27] {ese} +.20 so far
[13:27] {magoo} trades by apptmt tho
[13:28] {magoo} ill have to sit here all day...WAIT...i do that
[13:28] {ese} lol
[13:31] {nemo} believe this? aig in a .40 range for the last hour
[13:32] {ese} totallly believable with this market
[13:32] {nemo} kinda' tongue in cheek
[13:32] {ese} ohhhhh ahhhhhhh
[13:37] {dino} sheehs, ntes, snda, pwrd
[13:38] {nemo} chinese stocks
[13:40] {Threei} AIG does it
[13:41] {magoo} grabbed 48
[13:42] {magoo} .48 that is
[13:42] {Threei} get out
[13:42] {Threei} 50 cents in couple min
[13:43] {magoo} out .97 on 4k
[13:43] {Threei} wtg
[13:43] {magoo} ty
[13:43] {magoo} your spot
[13:44] {nemo} going to .50?
[13:46] {Threei} Preview: FOMC rate decision and statement due out around 2:15pmET
[13:46] {Threei} **rates are expected to remain on hold again at 0.25% though some speculation has started brewing this week that the committee might start to drop hints about when rates will start to rise again in order to head off inflation concerns. One ING economist today called speculation about the FOMC raising rates "madness," noting markets will react as soon as the Fed starts hinting about the timing.
[13:46] {Threei} There is also more credible speculation that the Fed could decide to alter the $1.25T MBS program today, either stretching it out as it did with the Treasury purchasing program (a de facto form of easing), or altogether reducing the MBS program as was discussed according to the minutes of the August FOMC meeting.
[13:46] {Threei} The general consensus is that the FOMC will stay conservative and hold off on any significant changes today, perhaps further noting signs of recovery while maintaining its pledge to hold rates at "exceptionally low" levels for "an extended period." This path would build on recent comments from the Fed's Bernanke who noted that the recession is "technically" over but that the economy will "feel very weak for some time."
[13:47] {Threei} Note there was also a report circulating this week that the Fed was talking with bond dealers about using reverse repos to drain some of the cash the Fed has pumped into the economy.
[13:48] {Threei} told you that was first aign of exit strategy being pondered
[13:49] {Threei} if they really possess tools to withdraw injected money, whole generally accepted idea of inflation ahead may turn out false
[13:56] {ese} have to sign out...see you all tomorow...onwards and upwards with stec.....good luck with it mags and dino
[13:56] {dino} ty es cya
[13:57] {ese} cya
[13:57] {dino} ok, rally into mtg, then up to +95; then drop to lod, then close up 90
[14:02] {Threei} AIG
[14:04] {dino} tbt tlt
[14:05] {dino} ebix jump
[14:11] {patience} nope, too many open positions
[14:11] {dino} seems i am wrong
[14:12] {nemo} you play that Vad? aig
[14:13] {dino} mnkd
[14:13] {Threei} not inti annoucnement
[14:14] {nemo} tlt dropping like a stone
[14:14] {nemo} alright...like a rubber ball...kinda'
[14:16] {Threei} FOMC HOLDS RATES AT 0.25%
[14:17] {Threei} extends MBS and Agency purchase programs to March 31; maintains size
[14:17] {Threei} Markets have improved further
[14:17] {Threei} - Unanimous vote at 10-0
[14:20] {dino} out csco +.16
[14:21] {dino} out stec +.37
[14:22] {larisa} gj
[14:22] {fernp} out CSCO too TY dino
[14:22] {dino} out agco +.10
[14:23] {dino} :)
[14:47] {dino} .
[14:52] {Threei} .short aig .45
[14:52] {Threei} Short Setup: AIG .45
[14:52] {Threei} stop above .60
[14:53] {nemo} blew by
[14:54] {dino} those china stocks are unstoppable
[14:55] {Threei} 1:1
[14:55] {Threei} 1:2
[14:56] {Threei} 1:3
[14:56] {Threei} out
06[14:56] * Threei slaps nemo around a bit with a large roll of cash
[14:56] {nemo} congrats
[14:57] {Threei} wow... 1:4
[14:57] {Threei} what kept you from doing the same?
[14:57] {Threei} 15 cents stop
[14:57] {Threei} how often AIG gives such chance
[14:57] {nemo} every day
[14:57] {Threei} heh
[14:57] {Threei} good luck finding it
[14:58] {nemo} not me...mags
[14:58] {Threei} with 15 cents stops??
[14:58] {nemo} true
[14:58] {Threei} whatcha talking about willis
[14:58] {nemo} that's funny coming out of you
[15:01] {Threei} XOMA To Develop Therapeutic Antibody For H1N1 And H5N1 Influenza Viruses Under $2.2 M U.S. Government Program Managed By SRI Intl (31.70, +0.64, 2.06%)
[15:01] {dino} bwld
[15:01] {dino} whr
[15:02] {dino} mnkd
[15:04] {Threei} wow XOMA
[15:14] {nemo} Vad...getting that .15 range again....
[15:15] {Threei} yeah but not sure about direction
[15:15] {nemo} yeah
[15:15] {nemo} too many times to the cookie jar
[15:16] {dino} ok, wev had our +85 (wanted +95), now to test lod, then bounce
[15:17] {nemo} $ strengthening
[15:19] {fernp} good evening everybody. see u all tomorrow
[15:19] {Threei} take care fern
[15:20] {dino} bwld hl l .09
[15:22] {Threei} V CEO: I have no data that suggests anything is getting any better (74.70, +0.29, 0.39%)
[15:22] {Threei} what??
[15:22] {Threei} he sees no green shoots??
[15:22] {Threei} everyone else does
[15:22] {nemo} kwik...give him the kool aid
[15:22] {Threei} oh, they just did:
[15:23] {Threei} although data also shows things are not getting worse - CNBC
[15:23] {nemo} call him a Stepford CEO
[15:23] {Threei} - Economy is getting better, we're off the bottom.
[15:23] {Threei} see?
[15:23] {nemo} so....we're in remission?
[15:25] {dino} whr hl l .45
[15:26] {Threei} Long Setup: AIG .80
[15:26] {Threei} if stays above .60
[15:27] {Threei} Financial Accounting Standards Board (FASB) approves new accounting rules for revenue recognition at tech firms; vote 5-1 (as expected) (related AAPL PALM HPQ XRX DELL IBM )
[15:30] {Threei} Market Internals update at 3:30pmET
[15:30] {Threei} - NYSE volume 900M shares, about 5% above its three-month average; decliners lead advancers by 1.5:1.
[15:30] {Threei} - NASDAQ volume 2.18B shares, about 20% above its three-month average; decliners and advancers are about even.
[15:30] {Threei} - VIX index -1.5% to just below 23.00
[15:31] {dino} ok bounce time
[15:31] {Threei} yeah, it's time
[15:31] {Threei} Long Setup: AIG .60 break
[15:31] {Threei} if stays above .40
[15:34] {Threei} no go
[15:34] {dino} lod
[15:34] {magoo} im thinking yesterdays low vad
[15:34] {Threei} 45.50s?
[15:35] {magoo} yea
[15:35] {larisa} if gets to 45s, will test 45 , imo. better not get there
[15:35] {Threei} grrr
[15:35] {Threei} shake
[15:36] {Threei} dunno mags... feels like bounce to me
[15:36] {nemo} 11 out of last 12 times FOMC meetings have been positive...odds were against this one
[15:38] {magoo} worste scenario
[15:38] {magoo} bopth right
[15:39] {Threei} lol
[15:41] {Threei} who went for second try, get out here
[15:41] {nemo} mags, you out yet
[15:46] {magoo} i just shorted it
[15:46] {nemo} looks right
[15:46] {magoo} cant believe it didnt lose 46\
[15:46] {Threei} yup, good move
[15:47] {magoo} short palm too..any rread vad
[15:47] {nemo} look at the $ getting stronger
[15:47] {Threei} PALM, direction is right but don't count on much IMO
[15:50] {Threei} cover magas
[15:51] {nemo} wow...what a sell off
[15:51] {nemo} guess we'll have to start playing the short etfs :)
[15:55] {Threei} I really hope pullback starts
[15:58] {Threei} CBAK... wth
[15:58] {Threei} no news
[16:00] {Threei} PALM Discloses Elevation Partners and McNamee buy $37M of its 20M share stock offering - filing
[16:00] {Threei} huh?
[16:00] {Threei} buy $37M of its 20M share stock offering?
[16:00] {larisa} bye all
[16:00] {Threei} larisa
[16:00] {Threei} wairt
[16:01] {Threei} buy my $100 for $150, will ya?
[16:01] {Threei} Elevation Partners and McNamee did just that for PALM
[16:01] {larisa} if you buy mine 500 for 1000
[16:01] {lasertrev} good night all
[16:01] {Threei} sigh... see... told ya, she is smart
[16:01] {Threei} thank you all
[16:01] {Threei} have a good evening
[16:02] {Threei} see you tomorrow
[16:02] {Threei} VVUS Announces Closing of Public Offering and Exercise of Over-Allotment Option
[16:02] {dino} hmmm almost a 200 point drop from highs
[16:09] {dino} gn all

Labels: , , ,

Tuesday, September 22, 2009

Sep 22 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


Nice and strong day, with variaty of calls that for the most part worked nicely. AIG long for 70 cents, CYTK pullback entry for a nice bounce, classic PALM pullback entry right out of textbook, couple 10 cents stops on UAUA and HIG, and a lot of excitement on the end of day AIG rapid movements.

Session Time: Tue Sep 22 00:00:00 2009

[08:00] {magoo} mornink comrades
[08:01] {nemo} mags :)
[08:01] {nemo} looks like the rally's back on
[08:03] {magoo} F,,didnt want AIG to gap
[08:03] {nemo} goes to 60 today...
[08:07] {magoo} dunno..could
[08:10] {KSystems} morning :)
[08:10] {magoo} K :)
[08:11] {nemo} Gruess dich
[08:15] {nemo} $ getting killed
[08:20] {magoo} i was watching vads CYTK..missed its move here
[08:21] {nemo} yeah...I was just going through the watch list, only palm down slightly
[08:29] {Threei} Good morning
[08:30] {magoo} vad:)
[08:37] {magoo} AIG high was 50.23
[08:37] {magoo} gapped way thru
[08:42] {fernp} good morning everybody
[08:42] {Threei} fern :)
[08:44] {fernp} I have an appointment, i'll be back in a couple of hours
[08:44] {fernp} don't get rich without me :)
[08:44] {Threei} ugh... we planned on exactly that :(
[08:50] {magoo} just picked off a point AIG..53.20 to 54.20
[08:51] {larisa} gm :)
[08:51] {Threei} larisa :)
[08:51] {Threei} I hear shorts gave it a nickname... AIG the Widowmaker
[08:52] {magoo} for real vad?
[08:53] {Threei} no... but they should
[08:54] {magoo} AIG equal opportunity killer imo...wives of bulls and bears crying everywhere
[08:54] {magoo} in again long
[08:55] {magoo} CARTEFUL
[08:56] {magoo} sigh..not a cart-ful...careful
[08:57] {Threei} CYTK is back into 5
[09:02] {lasertrev} gm
[09:02] {Threei} trev :)
[09:02] {Threei} 09:00 AM [COIN] Reports Increase in Re-Orders of Organic Fertilizer Products
[09:15] {dino} gm all
[09:16] {Threei} dino :)
[09:16] {dino} ccl
[09:17] {Threei} PALM CNBC reporter notes chatter that PALM's strength yesterday being attributed to takeover rumors
[09:17] {Threei} - rumor out of Europe that Nokia could be interested in acquiring PALM (15.95, 0.00, 0.00%) (related NOK )
[09:17] {Threei} CCL Reports Q3 $1.33 v $1.17e, R$ 4.1Bv $4.06Be
[09:17] {Threei} - Guides Q4 EPS $0.16 -0.20 v 0.22e
[09:17] {Threei} - Guides FY09 EPS $2.16-2.20 v $2.05e
[09:17] {cosmo} nktr
[09:17] {cosmo} getting busy
[09:18] {cosmo} 10.12 hi so far
[09:21] {cosmo} bdsm
[09:21] {cosmo} bsdm ...sorry
[09:22] {cosmo} 4.5 pre mkt high
[09:22] {Threei} 8:00:25 AM
[09:22] {Threei} BSD Medical Corporation Reports News Briefing: Hyperthermia and Chemotherapy Treatment Prolongs Survival of Sarcoma Cancer Patients
[09:22] {Threei} - A Phase III study, which utilized the BSD-2000 Hyperthermia System, demonstrated that patients with high risk soft-tissue sarcomas were 30% more likely to be alive and cancer free almost three years after starting treatment if targeted heat therapy (hyperthermia) was added to their chemotherapy treatment.
[09:24] {Threei} careful, a week ago company said this:
[09:24] {Threei} Friday, September 18, 2009 10:15:16 AM
[09:24] {Threei} BSD Medical Corporation FDA Review of BSD-2000 Hyperthermia System Continues; unable to predict when process will be completed
[09:24] {Threei} - On May 15, 2009, the FDA granted Humanitarian Use Device (HUD) designation for the Companys BSD-2000 Hyperthermia System for use in conjunction with radiation therapy for the treatment of cervical carcinoma patients who are ineligible for chemotherapy. The HUD for the BSD-2000 confirmed that the intended use population is fewer than 4,000 patients per year. Following receipt of the HUD designation, the Company filed a Humanitarian Device Exemption (HDE) marketing submission with the FDA, and the FDA review process of this submission is ongoing.
[09:26] {dptl} good morning all
[09:26] {Threei} dp :)
[09:31] {Threei} HIG on watch
[09:32] {Threei} Long Setup: CYTK 5.05 break if holding above 4.95 for scalpers, 4.90 for day traders
[09:34] {ese} morning......had to check in with my broker.......account was slightly off
[09:35] {Threei} morning ese
[09:35] {nemo} due
[09:35] {nemo} dude
[09:35] {ese} i' am due!
[09:37] {ese} l arna .54
[09:38] {ese} out arna .61 +.07
[09:38] {Threei} Long Setup: UAUA .55
[09:38] {Threei} if stays above .40
[09:38] {Threei} not a scalp for me
[09:39] {magoo} ok in
[09:39] {Threei} if works, target is closer to 10 at least
[09:40] {Threei} obver 1:1
[09:42] {ese} nice uaua trade
[09:42] {ese} missed the call
[09:42] {nemo} $ keeps getting killed...gonna' be a big up day
[09:43] {Threei} frikin HIG
[09:43] {Threei} biunced with no setup and never retreated to form one
[09:45] {Threei} Preview: July US House Price Index due out at 10amET
[09:45] {Threei} **consensus expectation (MoM): 0.5%e v 0.5% prior (estimates range between -0.4% to +0.6%)
[09:47] {Threei} (US) Pres Obama: Climate change remains urgent issue -UN Speach (related CARBX )
[09:48] {Threei} will work with G20 to phase out fossil fuel subsidies
[09:48] {Threei} VVUS Hearing takeover chatter circulating (11.74, +0.26, 2.26%)
[09:48] {Threei} yeah, it's VVUS's turn
[09:49] {Threei} UAUA, watching for another setup
[09:51] {Threei} a bit jumpy here, hard to pinpoint exact entry
[09:53] {Threei} formally .60 with stop under .50
[09:53] {Threei} but with this volatility I'd prefer stop to be under .40
[09:53] {Threei} so trying to find aggressive entry
[09:53] {ese} vad....palm on pullback.....got an opinion for me
[09:54] {Threei} 16.40 is nearest support...
[09:54] {Threei} what the chances of it puling that far back are, no idea
[09:54] {ese} tks.....nice run up
[09:55] {ese} it started moving just as i was starting to look at it....no place to get in
[09:58] {Threei} housing data is coming
[09:59] {Threei} SEPT RICHMOND FED MANUFACTURING INDEX: 14 V 16E
[09:59] {nemo} oops
[10:00] {Threei} *JULY HOUSE PRICE INDEX M/M: 0.3% V 0.5%E
[10:00] {nemo} oops
[10:01] {Threei} PALM better
[10:01] {Threei} STSI Breaks New Ground, Plans FDA Filing for Approval of First ''Modified Risk'' Tobacco Product; Nominates Curtis Wright, MD, MPH for FDA Advisory Committee (1.07, +0.09, 9.18%)
[10:01] {nemo} wth is that
[10:02] {Threei} - company will utilize a novel, patented method for cultivation, curing and preparation of tobacco to formulate dissolvable smokeless tobacco products.
[10:02] {Threei} - This new curing process was the subject of a patent application filed in December, 2008. Its use has resulted in tobacco leaf with significantly lower levels of tobacco-specific nitrosamines (TSNAs) than previously achieved using the StarCured(R) curing process: the International Agency for Research on Cancer previously has reported on the low levels of nitrosamines in Star''s products. T
[10:02] {Threei} - he company believes that this novel process, as reflected in its patent application, will enable the company to achieve the lowest toxin levels anywhere in the world. Star plans to submit the products to the FDA for approval to market as "modified risk" tobacco products, under Section 911 of the new Family Smoking Prevention and Tobacco Control Act, once formulation and testing of the new product is completed in early 2010.
[10:03] {nemo} Sounds like the epa should be regulating it :)
[10:04] {cosmo} fema maybe
[10:04] {cosmo} ...nah
[10:04] {magoo} we in anything here?
[10:04] {nemo} fema only comes into play during disasters.....mmmmmhhhh....I guess they should be running congress and the fed
[10:04] {ese} palm does lok better vad
[10:04] {ese} look
[10:04] {Threei} PALM is at support
[10:05] {Threei} .50 long
[10:05] {magoo} in
[10:05] {nemo} in
[10:06] {ese} in ,
[10:06] {magoo} anyone in?
[10:06] {Threei} 1:1
[10:07] {ese} out
[10:07] {Threei} IMF: Central banks must take actions against asset bubbles; Global growth potential may not return to those levels seen pre-crisis
[10:07] {Threei} - Central banks may need to take on additional mandate requiring playing a role in financial stability
[10:07] {ese} .54 .62 +.08
[10:07] {nemo} out .70
[10:07] {Threei} STSI...
[10:07] {nemo} ty
[10:07] {Threei} momo candidate
[10:08] {ese} nice nemo
[10:08] {ese} mags is still in
[10:09] {magoo} out .84 TY vad
[10:09] {Threei} welcome
[10:09] {ese} nice mags
[10:09] {Threei} Long Setup: CYTK .70 break if stays above .60
[10:09] {ese} how many shs mags
[10:12] {magoo} in
[10:12] {magoo} 4k
[10:12] {magoo} palm u mean
[10:12] {ese} nice......man after my own heart
[10:12] {ese} yes
[10:14] {magoo} im looking for AIG to retake 53 RISKY
[10:18] {ese} L mpel .57
[10:18] {Threei} don't laugh but
[10:18] {Threei} DNDN Hearing renewed akeover chatter circulating (30.16, +0.70, 2.38%) (related AZN )
[10:18] {Threei} bunker's at work
[10:19] {dino} lol
[10:19] {dino} magoo starts those rumors
[10:19] {Threei} he would do well alerting us about next one
[10:20] {dino} yes positive rumors ok, but negative and govt wants you
[10:24] {Threei} lol, we sold PALM too soon?
[10:25] {Threei} nailed entry perfectly
[10:25] {nemo} frickin' cramer
[10:25] {Threei} pullback was right out of textbook
[10:25] {nemo} TTR strikes again
[10:28] {Threei} market feels to me like resuming upward soon
[10:28] {magoo} palm reload?
[10:28] {Threei} not here
[10:28] {ese} out mpel .55 -.02 uneasy feeling
[10:29] {Threei} let's sit out shakeouts
[10:29] {Threei} and when uptrend proves itself, look for entries
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 265M shares, about even to its three-month average; advancers lead decliners by 2.2:1.
[10:30] {Threei} - NASDAQ volume 610M shares, about 10% above its three-month average; advancers lead decliners by 1.3:1.
[10:30] {Threei} - VIX index -2% to just over 23.50
[10:34] {Threei} grrr
[10:35] {Threei} was eyeing .70 break on PALM and hesitated
[10:36] {dino} sm s cde .50
[10:38] {nemo} o.k....who killed the market?
[10:38] {Threei} HIG
[10:38] {Threei} watching for bounce
[10:39] {Threei} Long Setup: HIG .45 break
[10:40] {Threei} if stays above .35
[10:40] {ese} ok...that was good.....made $2.00 practising my shorting...gild short at.20 cover at .10 100shs comm 4 in and out....this is good
[10:40] {nemo} thought you made 2.00/shr
[10:40] {ese} nope total
[10:41] {nemo} nice trade
[10:41] {ese} covered it at the exact botom too......eh eh eh eh!!!
[10:42] {larisa} I know a trader who was buying 1 share a trade for a year practising his system :)
[10:42] {nemo} what was her name?
[10:42] {ese} and?
[10:43] {larisa} I mean, keep it small while learning
[10:43] {ese} can he or she do it comforatbly
[10:44] {larisa} full time trader now, but I know for a fact he did trade 1 share for long time :)
[10:44] {ese} would work for me.......
[10:45] {dino} stec hl l .50
[10:45] {dino} cde stopped -.26
[10:48] {magoo} .40bounce play PALM vad?
[10:49] {Threei} .40?
[10:49] {magoo} yea?
[10:49] {Threei} it's at .64
[10:49] {magoo} heading thee
[10:49] {magoo} there
[10:50] {ese} l stec .39
[10:50] {ese} i like the look of stec dino
[10:53] {Threei} hmmm
[10:53] {Threei} IN) Indian Trade Min: Sugar levels seen as adequate for Holiday season
[10:53] {Threei} that's what I call real health care by the government
[10:53] {ese} l stec again avg .42
[10:53] {Threei} (US) Sen Bachus: In revisions to Health-Care plan, seeking to lower penalization on Insurers excise taxes
[10:54] {nemo} and on family penalties for not having insurance, however, will maintain the same penalty for single people who are not insured
[10:56] {ese} dino you got a target for stec?
[10:58] {Threei} HIG no go
[11:00] {dino} stiuck right now, kick it es
[11:00] {ese} will....you got a target
[11:00] {ese} 15 min chart is awsome
[11:00] {dino} feels like .00
[11:01] {nemo} rimm vad...break .95/stop uner .85?
[11:01] {ese} me thinks that as well maybe more
[11:01] {Threei} looks right to me nemo
[11:02] {nemo} goo thing I'm sitting down
[11:02] {patience} i'm holding silver wheaton, goldcorp for day trades...just playing it against currency fluctuations..happy day so far
[11:02] {Threei} Long Setup: AIG 51 break
[11:03] {Threei} stop under .80
[11:03] {magoo} in
[11:03] {Threei} target is somewhere in stratosphere
[11:03] {dino} simon says "stand up" nemo
[11:04] {Threei} RIMM 1:1
[11:04] {nemo} 1/2 out
[11:04] {magoo} lets hope aig no rinse us...if does..lets try again vad
[11:05] {nemo} 1/4 more
[11:05] {fernp} hi, I'm back
[11:05] {fernp} in AIG
06[11:05] * magoo slaps fernp around a bit with a large trout
[11:06] {Threei} missed couple fern...
[11:06] {nemo} stop uner 84
[11:06] {fernp} what have i done?
[11:06] {nemo} "deservin' ain't got nothin' to do with it."
[11:06] {Threei} hehe
[11:07] {Threei} good old western
[11:07] {Threei} AIG 1:1
[11:07] {Threei} half out .25
[11:08] {Threei} offering: 1/4 at .45 and 1/4 at .70
[11:08] {nemo} last 1/4 rimm
[11:08] {Threei} stop under b/e of course
[11:08] {Threei} wtg nemo
[11:08] {Threei} played to perfection
[11:08] {Threei} no stress
[11:08] {Threei} low risk
[11:08] {nemo} broken clock
[11:08] {Threei} good partials
[11:09] {Threei} no...
[11:09] {Threei} you are getting it
[11:09] {fernp} ty Vad out. AIG .21 (and my fill was .88) :)
[11:09] {Threei} 1/4 more out AIG
[11:09] {dino} out arj +.25
[11:10] {Threei} trust me, I saw it what, zillion times now?
[11:10] {Threei} stress, nerves,
[11:10] {Threei} misunderstandings, mistakes,
[11:10] {Threei} some trades are gotten right
[11:10] {Threei} then those "right ones" become more common
[11:11] {Threei} stress level goes down,
[11:11] {Threei} confidence slowly shapes up
[11:11] {Threei} things click
[11:11] {Threei} when one nails such trades as RIMM in this manner
[11:11] {Threei} seeing setup, recognixzing it,
[11:11] {Threei} taking it wirth no hesitation,
[11:12] {Threei} managing trade as it goes
[11:12] {Threei} this is clean sign of "getting it"
[11:12] {dino} gj nemo
[11:12] {Threei} things become internalized
[11:12] {Threei} doesn't mean you are fully there yet, mind you,
[11:12] {Threei} but ask any successful trader,
[11:13] {Threei} and he will tell you that's exactly the process he went through
[11:13] {Threei} or she
[11:13] {Threei} sorry ladies
[11:14] {dino} syna hl l .75, stop .47
[11:14] {Threei} here is one simple thing to do
[11:14] {Threei} look at this trade you just didn,
[11:14] {Threei} and try to envision yourself as you were 1 year ago, 6 months ago, 3 months ago
[11:14] {nemo} yeah, scary
[11:15] {Threei} would you be able to find and execute it like this at any of those times?
[11:15] {nemo} no way
[11:15] {Threei} this is a good thing to do,
[11:15] {Threei} it shows you your progress
[11:15] {nemo} I didn't know what I didn't know
[11:15] {Threei} yeah... unknownunknowables
[11:16] {Threei} when you think of it like this
[11:16] {Threei} and get a chance to see the progress
[11:16] {Threei} it instills faith
[11:16] {Threei} and confidence
[11:16] {ese} one would think that stec should do something now.......rather don't you think....hip hiph what oh and aooll that dino
[11:16] {Threei} and you AIG, it's really time to go
[11:16] {Threei} to that thiord target
[11:17] {magoo} 52.37?
[11:17] {dino} lol
[11:17] {magoo} id like 53.23
[11:17] {dino} tear down .65
[11:17] {Threei} direct hit
[11:17] {Threei} my a$$ is out
[11:18] {Threei} there mags... I fulfill my promise
[11:18] {nemo} from yesterday?
[11:18] {Threei} when I see safe AIG trade I call it
[11:18] {magoo} im looking for more, alot more $$$$$$
[11:18] {Threei} that's your part
[11:18] {Threei} mine was to find a good entry and reasonable exits
[11:19] {magoo} yes sir...TY
[11:19] {Threei} you want more, you assume more risk
[11:19] {Threei} CYTK baby
[11:19] {Threei} 1:1
[11:19] {magoo} finally oyt CYTK..ty
[11:19] {dino} giddy-up
[11:19] {Threei} yup
[11:20] {Threei} uptrend resumption about which Bolsheviks talked for so long is here
[11:20] {dino} stec to .74
[11:20] {Threei} nevermind... paraphrasing famous quote from Lenin :)
[11:20] {Threei} Russians know
[11:20] {ese} my stentiments exactly dino
[11:21] {dino} :)
[11:21] {ese} like i said the 15 min chart was a thing of beauty
[11:22] {dino} to .79
[11:23] {dino} out .79, +.29
[11:23] {magoo} read HIG vad?
[11:24] {ese} out
[11:24] {ese} .75
[11:24] {Threei} it shook us out earlier
[11:25] {ese} +.33
[11:26] {Threei} what hig did now it ashould have dine on our .45 entry
[11:26] {Threei} there was absolutely no need to get rid of us
[11:26] {magoo} it was .53 when i asked
[11:27] {Threei} it's there again
[11:27] {magoo} i like palm
[11:27] {nemo} mary?
[11:27] {ese} high 5 dino
[11:28] {ese} tks
[11:29] {dino} glad to help
[11:29] {dino} going higher
[11:29] {nemo} rimm forming a range again
[11:30] {ese} yup
[11:32] {magoo} [11:17] {magoo} 52.37?
[11:33] {Threei} [11:17] {Threei} of course
[11:33] {magoo} [11:18] {magoo} im looking for more, alot more $$$$$$
[11:34] {dino} wall at .10 stec
[11:34] {Threei} [11:18] {Threei} and you well should. Ask, and delivered shall it be
[11:34] {nemo} Thanks Yul
[11:34] {nemo} Hey, the linguist is back at Laser
[11:39] {Threei} CIT Hearing vague chatter of possible Govt funding for the company (1.73, +0.26, 17.69%)
[11:39] {Threei} crap... we really need our man in the bunker
[11:46] {magoo} im here
[11:52] {nemo} cat topping or ready to break?
[11:53] {Threei} anyone's guess
[11:57] {dino} rti
[12:00] {nemo} uaua hit the skids
[12:00] {Threei} CAT
[12:00] {Threei} starts looking like break
[12:00] {nemo} yeah
[12:04] {Threei} Market Internals update at 12:00pmET
[12:04] {Threei} - NYSE volume 470M shares, about even to its three-month average; advancers lead decliners by 2.1:1.
[12:04] {Threei} - NASDAQ volume 1.12B shares, about 12% above its three-month average; advancers lead decliners by 1.4:1.
[12:04] {Threei} - VIX index -3.3% to just under 23.50
[12:06] {nemo} scalpers regret
[12:08] {Threei} Joe Wilson fundrasing efforts gain him over 2 mil
[12:08] {Threei} hmm... I need to find high-ranked politician and call him a liar
[12:09] {dino} aipc
[12:09] {Threei} it's obviously quite profitable endeavor
[12:10] {Threei} nice steady move CAT
[12:10] {magoo} palm too
[12:12] {Threei} WFC
[12:13] {Threei} looks breaky, but let's try to catch slight pullback
[12:13] {Threei} support is .10
[12:13] {Threei} pullback as close to it as possible, first stgrength is a buy
[12:17] {dino} mrm sm s .85
[12:19] {magoo} palm launch
[12:20] {Threei} IMMU Hearing takeover chatter circulating
[12:20] {Threei} - GSK rumored as potential acquirer. (6.40, +0.14, 2.24%)
[12:20] {Threei} I think NVAX is next
[12:21] {Threei} AXL S&P revises outlook to Developing from Negative
[12:21] {Threei} - S&P has CCC+ rating on AXL. (7.73, +0.32, 4.32%)
[12:24] {dino} aipc strange
[12:27] {Threei} anyone got WFC, look to exit into spike above .30 if scalping
[12:27] {Threei} if want a bigger trade, levels to offer are .35 - .40, then above .50, then don't know
[12:29] {dino} lh
[12:34] {magoo} vad..look at laser message again
[12:34] {Threei} yes?
[12:34] {magoo} the drunken scramble
[12:35] {dino} lh
[12:35] {Threei} well... Trev is at work, so Dave has time to drink
[12:35] {dino} $4 straight up
[12:38] {Threei} WFC works like charm
[12:39] {lasertrev} yah, girly drinks with umbrellas
[12:40] {Threei} lol
[12:40] {nemo} Cosmopolitans
[12:40] {Threei} trev... tell me umbrellas are pink, and image will be complete
[12:40] {dptl} lol
[12:41] {lasertrev} pink fading to white
[12:41] {magoo} ooh..ooh..and the drinks are frozen?
[12:41] {Threei} mental note to my self: self, whatever you do, never ever meet dave with no wintnesses around
[12:41] {lasertrev} lol
[12:42] {nemo} mmmmhhhhh...hgsi coughing up a furball
[12:42] {Threei} lookie WFC
[12:43] {Threei} (US) Senator Dodd (D): Would like to see results on financial reforms from Senate Banking Committee before the end of 2009, but process could last longer (related XLF )
[12:43] {nemo} senator from CT, near NY....jerking this around...no surprise
[12:43] {Threei} how priorities change eh
[12:44] {Threei} just a few months ago financial reform was all they talked about,
[12:44] {nemo} he needs to get reelected next year
[12:44] {Threei} and sense of urency was beyond belief,
[12:44] {Threei} and I'd say, rightly so.
[12:44] {Threei} Now it's barely registering on a radar
[12:44] {Threei} health care, climate change
[12:44] {Threei} whatnot
[12:44] {nemo} oy weh
[12:46] {Threei} if you are decidely moving into jewish way to express amuzement and unhapiness with the world created faster than tailor creates trousers, it's Oy yey
[12:46] {Threei} wey
[12:46] {nemo} I spell it the German way
[12:46] {dino} they should be worrying about jobs. w/o a job how can you make people buy health ins.?
[12:47] {nemo} besides Yiddish spells in Hebrew and I have no idea how to do that
[12:47] {nemo} weh=pain in German, nicht wahr Herrn K?
[12:47] {Threei} they tried to worry about jobs dino... but then they found out the only thing they could do about those is worry
[12:48] {nemo} nah...they're worried about there jobs...imagine if they had to get public health insurance
[12:49] {dino} all these new taxes he's proposing, w/unemployment about 15% (they don't count the people that benefits expired on)
[12:49] {nemo} Rimm dallying around yesterday's close with a little air under it...worth watching for a bounce or short?
[12:49] {Threei} at the risk of becoming overabundant,... guess who is on TV
[12:49] {nemo} ahhhhh....Barney
[12:50] {nemo} errrrrr....Hillary
[12:50] {nemo} ummmmmm....BIll O'Reilly
[12:50] {Threei} anyone objects if I kick nemo out?
[12:50] {dino} he should just get a cable show
[12:50] {dino} aipc hl l .03 stop .74
[12:50] {Threei} nemo... democracy may save you now {G}
[12:50] {nemo} me?
[12:51] {nemo} nah...tyranny of the majority
[12:51] {nemo} I'm toast
[12:51] {Threei} looks like... no one even tries
[12:51] {dino} lol
[12:51] {nemo} been there before
06[12:52] * Threei slowly puts the boot on the right foot
[12:52] {larisa} he stays..
[12:52] {Threei} 12:28 Preview: Treasury's $43B 2-year note auction results due just after 1PM ET
[12:52] {Threei} - $1B increase from the August auction to another record
[12:52] {Threei} - prior bid to cover ratio 2.68
[12:52] {nemo} Had a run in with 6 individuals about 15 years ago...bunch of other people stood around. After it's over one of the bystanders said, I would have helped you but I have to work tomorrow...
[12:53] {Threei} larisa... you of all people is the kindest one on this board?
[12:53] {larisa} nemo always says hi to me first, he stays :)
[12:53] {nemo} aig drop
[12:53] {larisa} one day he will even learn my name :)
[12:53] {Threei} oh well
[12:53] {nemo} ty lari
[12:53] {nemo} larisa
[12:53] {nemo} :)
[12:53] {larisa} lol
[12:53] {Threei} fun is canceled for today
[12:54] {Threei} that reminds me, nemo... 'I wish I could help but I don't want to"
[12:54] {nemo} hehehe...wouldn't expect it
[12:56] {nemo} volume still nominal except in DOW...low
[13:01] {Threei} TREASURY'S $43B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 3.23 V 2.68 PRIOR AND 2.65 AVE OVER LAST 10 AUCTIONS
[13:02] {Threei} - indirect bidders take 45.2% of competitive bids
[13:02] {Threei} - notes draw 1.034% with 27.2% alotted at th
[13:04] {Threei} 59% Say Americans Angrier Now Than Under Bush
[13:06] {dino} lot of people suffering
[13:07] {dino} he's not concentrating on the problem
[13:07] {nemo} amed dino
[13:08] {dino} ugh
[13:08] {nemo} that bad, huh?
[13:08] {nemo} came off that nice wedge this morning
[13:08] {Threei} GM Reportedly adding a third shift at three assembly plants located in the US; recalling of 2,400 employees (related F.IT F TM HMC )
[13:09] {dino} missed it
[13:09] {Threei} Japan Airlines Corp. Airline considering trimming routes; with a 60% reduction in international flights - Nikkei news
[13:09] {Threei} yikes
[13:10] {dino} mrm to b/e
[13:11] {dino} aipc to .39
[13:12] {dino} out aipc slipped, ave .36, +.33
[13:13] {nemo} kewl
[13:13] {larisa} whats with the market
[13:13] {Threei} LPHI Hearing Citron Research making cautious comments (timing uncertain) (15.69, -0.63, -3.86%)
[13:13] {nemo} yeah big drop quick
[13:14] {Threei} don't see any news for this drop
[13:15] {dino} 19-16 3 days
[13:27] {dino} stec pullback
[13:28] {dino} amn drop thin
[13:28] {nemo} everything has pulled back
[13:28] {dino} clw lod thin
[13:28] {nemo} actually, MS is strong
[13:29] {nemo} MS breaking out
[13:30] {nemo} well...maybe
[13:31] {Threei} have a look at daily ABK
[13:32] {nemo} geez
[13:32] {nemo} triple top
[13:33] {Threei} or...?
[13:33] {nemo} breakout? what?
[13:33] {dino} qsii
[13:33] {nemo} blow off top
[13:33] {Threei} C&H?
[13:33] {nemo} o.k. silly me
[13:34] {nemo} that's a fast move to the top of the handle though
[13:34] {Threei} from the first half of May
[13:34] {Threei} a bit, yeah
[13:34] {Threei} volume is right
[13:34] {Threei} I just wish it came into 2 in a more normal fashion
[13:35] {nemo} financial stocks aren't normal
[13:35] {Threei} INTC CEO: Going after smartphone market - CNBC (19.63, +0.09, 0.46%) (related AAPL GOOG )
[13:35] {Threei} wow
[13:35] {nemo} have too...growth market unlike pc's
[13:36] {nemo} aig Vad
[13:37] {nemo} might get C&H here
[13:37] {nemo} or reverse H&S if you prefer
[13:44] {nemo} break of .80 aig?
[13:44] {nemo} guess that's a yes
[13:44] {Threei} nah
[13:45] {Threei} not here nor there
[13:45] {dino} cov mrm .68, +.17
[13:45] {Threei} no setup
[13:45] {dino} opps.74
[13:45] {nemo} not the right side of a reverse H&S you can play to 51.20?
[13:45] {dino} slippage
[13:46] {Threei} pure market following, IMO
[13:46] {nemo} o.k.
[13:48] {nemo} dndn, break of .34?
[13:48] {nemo} or is that pmf
[13:48] {Threei} pmf?
[13:49] {nemo} Pure Market Following
[13:49] {Threei} jeez
[13:49] {nemo} Oh no! I've got pmf!
[13:49] {Threei} it's a valid setup
[13:49] {nemo} aig
[13:52] {dino} thats ok, magoo has tb
[13:52] {dino} two bellies
[13:52] {nemo} huh?
[13:52] {dino} pmf
[13:52] {nemo} hehehehehehe\
06[13:53] * magoo slaps nemo around a bit with a large trout
[13:54] {nemo} what I do?
[13:55] {dino} i make the snowballs, you throw them
[13:55] {nemo} remember popping out from behind a snowbank, throwing a snowball and then realizing it was a police car...not good
[13:56] {dptl} got to go......have a good rest of the day all.....see ya tomorrow
[13:56] {Threei} take care dp
[14:02] {dino} cya
[14:03] {Threei} ABK, this pullback probably validates break setup in combionation with daily
[14:03] {Threei} Long Setup: ABK 2 break if stays above .90
[14:03] {nemo} hgsi
[14:31] {fernp} .
[14:31] {Threei} good point
[14:31] {nemo} ?
[14:31] {nemo} we in anything vad?
[14:31] {nemo} :)
[14:31] {Threei} sigh
[14:31] {nemo} aw c'mon
[14:32] {Threei} I presonally am in the middle of observing the slow motion of the cogs of the Universe
[14:32] {nemo} big volume spike on cat
[14:37] {nemo} 2nd big volume spike
[14:43] {dino} mos hl l .70
[14:44] {Threei} let's modify ABK - IF you are in the mood for aggressive entry
[14:44] {Threei} .95 break
[14:44] {nemo} stop under .90 for scalp .85 for day trade?
[14:46] {Threei} yup
[14:49] {Threei} but remember that our primary interest was triggered by daily chart
[14:49] {Threei} so it's possible swing trade
[14:50] {nemo} volume not diong much though
[14:50] {nemo} guess those volume spikes on cat were significant
[14:50] {nemo} break of .10?
[14:51] {Threei} can't tell
[14:51] {nemo} aig coughing up the fur ball now
[14:55] {nemo} rimm headed for hod
[14:57] {nemo} agco ino
[14:57] {nemo} dino
[14:59] {dino} watching it, wanted .25
[15:02] {Threei} wow
[15:02] {Threei} AIG barfs in a fishbowl
[15:02] {nemo} coughs up fur ball
[15:02] {nemo} don't be barfing in my home
[15:02] {Threei} if I thought so that what I would say
[15:03] {Threei} US) Reportedly Fed has begun talks with certain bond dealers to begin draining liquidity via reverse repos - unconfirmed report
[15:03] {Threei} - no intent to withdraw funds soon
[15:03] {Threei} hmm
[15:03] {Threei} is it exit strategy being prepared?
[15:03] {nemo} g20 meeting
[15:03] {nemo} "strong dollar" talk
[15:05] {nemo} if aig doesn't bounce of the close, it's a long way down
[15:05] {nemo} my quotes are freezing
[15:05] {Threei} shortable btw
[15:05] {nemo} yeah, whish I had done ti @ 51.20
[15:08] {nemo} wow,, took abk with it
[15:09] {larisa} what kind of pace is that :)
[15:09] {Threei} insanely crazy one?
[15:09] {nemo} incredible
[15:09] {Threei} then again, there is not much sane about AIG to begin with
[15:10] {larisa} lets catch a bounce :)
[15:10] {Threei} bounce time
[15:10] {Threei} .60 break
[15:10] {Threei} invalidated
[15:10] {Threei} waiting
[15:11] {Threei} wait
[15:11] {Threei} news
[15:11] {larisa} 50 cents in a blink both ways. selloff is scary
[15:11] {Threei} AIG Hearing late afternoon weakness being attributed to secondary rumors circulating (46.56, -1.84, -3.80%)
[15:11] {Threei} bs
[15:11] {Threei} it's a buy very soon
[15:11] {dino} they've been circulating all day
[15:13] {nemo} maybe aig is having an Oct. 87 flashback
[15:13] {Threei} lol
[15:13] {nemo} this might be it
[15:13] {Threei} took .45
[15:14] {nemo} sheesh
[15:15] {nemo} you still in vad?
[15:15] {Threei} out half +.80
[15:16] {Threei} stop to be
[15:16] {dino} nice
[15:16] {dino} i can't play that thing
[15:16] {larisa} double bottom attempt, this is too funny :)
[15:16] {larisa} me too dino
[15:16] {Threei} too bad
[15:16] {Threei} had a good chance for couple bucks rn
[15:16] {Threei} oh well
[15:17] {nemo} it's like watching a bad car accident
[15:17] {Threei} .41 - .74
[15:17] {dino} more power to you 3i, my mind gets wrecked on that
[15:17] {Threei} fast and furious
[15:18] {Threei} aww, too soon
[15:19] {larisa} 45 is much rounder number. I bet it will get thee
[15:19] {nemo} o.k. mags....come clean
[15:20] {dino} i'll be there in 6 months
[15:22] {Raven} -
[15:22] {Threei} (CA) Canada PM Harper: There is a "drift towards protectionism" in the world right now - CNBC (related USD/CAD EWC )
[15:22] {Threei} uhhu
[15:22] {nemo} brilliant fellow
[15:23] {nemo} oh oh
[15:24] {larisa} stocks like AIG should be prohibited, they take your focus away
[15:24] {Threei} - rumor appears to be have been generated by a Jim Cramer article this afternoon speculating that the "cash-strapped" firm could do a "gigantic secondary."
[15:24] {nemo} didn't they do one when they did the reverse split?
[15:25] {dino} out syna all day for +.15
[15:25] {Threei} did they?
[15:25] {Threei} I don't remember
[15:26] {nemo} I thought they did...could have been C I'm thinking of
[15:26] {nemo} another leg down?
[15:28] {Threei} .50 break...
[15:28] {Threei} scary
[15:28] {nemo} knock yourself out
[15:28] {larisa} "AIG is a victim of the parasites on wallstreet". funny
[15:28] {nemo} Rimm might be looking short
[15:29] {dino} mos to .80
[15:30] {dino} out +.10
[15:33] {Threei} BAC CEO Lewis may resign if charged by the SEC - CNBC's GAsparino (17.61, +0.36, 2.09%)
[15:34] {dino} should have been fired
[15:36] {Threei} rumor is beibng denied
[15:36] {Threei} AIG Hearing chatter circulating that the company would not be allowed to conduct a secondary due to agreement with US Govt (47.31, -1.09, -2.25%)
[15:37] {nemo} of course, the gov't could change their mind-in all their collective wisdom
[15:38] {dino} they always deny before they do it....think back, we don't need to raise capital
[15:38] {Threei} yeah
[15:39] {nemo} Oh good....I thought I was being pathologically cynical
[15:39] {Threei} anyway, that was another +.70
[15:39] {nemo} full lot, or half?
[15:39] {Threei} half
[15:39] {nemo} where's Magoo in all this excitement?
[15:40] {Threei} - Note: in August, the new CEO Benmosche said AIG could eventually do a secondary offering or issuance of convertible debt to raise capital AFTER it gets out from under govt ownership
[15:40] {dino} ewz
[15:40] {nemo} and, they're talking about restructuring the agreement lately
[15:40] {Threei} what don't you like z dino?
[15:40] {dino} brazil fund
[15:40] {Threei} why
[15:41] {Threei} ok... never mind
[15:41] {nemo} just spiked
[15:41] {Threei} lame attemot at humor
[15:41] {nemo} very
[15:41] {dino} ahhh
[15:41] {nemo} and spelling
[15:41] {dino} why would fund spike
[15:41] {nemo} yeah, although tbt spikes on some news
[15:42] {Threei} (BR) Moody's upgrades Brazil's sovereign ratings to Baa3 from Ba1; outlook Positive
[15:42] {Threei} - Moody's has upgraded Brazil's foreign- and local-currency government bond ratings.
[15:42] {Threei} ...more... (related EWZ USD/BRL EEM )
[15:42] {dino} ty
[15:51] {Threei} AIG is a box with surprises
[15:51] {dino} agco hits .26
[15:51] {Threei} will deliver a lot of those down the road, both directijons
[15:52] {dino} the widow maker
[15:52] {Threei} total
[15:52] {Threei} not discriminating between longs and shorts either
[15:53] {dino} gun to the head type
[15:53] {nemo} mao!
[15:53] {Threei} surprise of the day: CHIP
[15:53] {Threei} didn't die
[15:53] {Threei} maybe has more in it... gotta watch it
[15:53] {fernp} have a good evening everybody. see u all tomorrow
[15:54] {Threei} take care fern
[15:55] {Threei} UAUA United Airlines reportedly furloughs 290 more pilots, effective immediately (9.05, -0.35, -3.72%)
[15:56] {Threei} furloughs?
[15:56] {dino} sounds nicer than fires
[15:56] {larisa} otpusk
[15:56] {Threei} yeah
[15:56] {Threei} just was wondering about fancy language
[15:58] {Threei} okay guys, good day
[15:58] {Threei} thank you all
[15:58] {nemo} gnite
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {larisa} bye
[15:59] {Threei} oh,
[15:59] {Threei} and in case you wondered
[15:59] {Threei} China's Hu: want to have positive ties with US
[15:59] {lasertrev} see ya

Labels: , , ,

Monday, September 21, 2009

Sep 21 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading

Not bad start for the week. Scalps outweghed stops, and couple bigger plays on momentum movers made it a firmly winning day. BCRX gave very nice bounce play, CYTK and AIG provided momentum, and usual suspects (LVS, HIG etc) provided scalps and stops.


Session Time: Mon Sep 21 00:00:00 2009

[07:56] {magoo} morning
[07:57] {Threei} 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza
[07:57] {Threei}
[07:57] {Threei} went over 11 earlier
[07:57] {Threei} pulled back
[07:57] {Threei} and good morning
[07:58] {magoo} over 11 ? quite pullbk
[07:58] {Threei} yeah, topped around 11.40
[07:59] {magoo} holy cow, i guess should try it here
[07:59] {Threei} strange, opullback all the way into Fri close
[07:59] {magoo} yes, nice see u early:)
[07:59] {magoo} volume ?
[08:00] {magoo} in 9.99
[08:02] {magoo} ah, bids coming in
[08:02] {Threei} CUR Receives FDA Approval to Commence First ALS Stem Cell Trial (1.87, 0.00, 0.00%)
[08:05] {magoo} u interested in CUR?
[08:06] {Threei} approval to start trial... shrug
[08:06] {magoo} u intersted in BCRX?
[08:06] {Threei} what kind of question is that
[08:07] {Threei} BCRX is a proven mover
[08:07] {magoo} oy...soooorrrryyyy
[08:07] {magoo} number 1 in volume on naz currently BCRX'
[08:12] {magoo} upgrade for GE this morn..could move .50-.75 cents
[08:12] {magoo} big share play
[08:13] {Threei} dunno... target raised from 17 to 18
[08:13] {Threei} and no reaction anyway
[08:13] {magoo} i played it thurs, it was fairly safe
[08:13] {Threei} it may move if market does, but if market fizzles out that upgrade won't help it
[08:15] {magoo} thats why i ask for yuor opinion...ty
[08:15] {magoo} i feel like loading the boat on BCRX here
[08:15] {magoo} try catch a point or 2
[08:17] {Threei} the depth of this pullback and stubbeorness of the seller bothers me
[08:17] {Threei} someone wants out badly
[08:17] {Threei} and uses this news to get out
[08:17] {Threei} have a look at VVUS too btw
[08:18] {Threei} getting nice buying and good size bids
[08:19] {magoo} news?
[08:19] {Threei} no
[08:24] {Threei} ONXX
[08:24] {Threei} Onyx Pharmaceuticals Inc Pre-market strength being attributed to positive comments from CNBC Medical Analyst Mike Huckman
[08:24] {Threei} - Mike Huckman via Twitter comments on positive statements made by analysts at CanacordAdams regarding breast cancer study results that were released
[08:24] {nemo} CNBC analyst ?!!!!
[08:30] {Threei} GLW Corning Inc And Geron Corp Showcase New Synthetic Surface Matrices To Enhance Stem Cell Growth (15.27, 0.00, 0.00%)
[08:31] {Threei} let's see what happens with this .40 offer
[08:32] {nemo} you talkin bcrx?
[08:32] {Threei} CPST Receives Order for Two C800 Microturbines for CHP in Colombian Office Building (1.40, 0.00, 0.00%)
[08:32] {Threei} yes
[08:45] {Threei} that's very strange behavior on BCRX part
[08:46] {Threei} you partialed any mags?
[08:46] {magoo} yea..nothings easy
[08:47] {Threei} someone wants out badly
[08:50] {ese} morning
[08:51] {Threei} ese :)
[08:51] {nemo} ese
[08:51] {ese} morning gents
[08:51] {ese} whats new and exciting
[08:52] {Threei} ummm
[08:52] {Threei} speaking of stocks, we wonder what's wrong with BCRX going negatiove on 77M contract
[08:52] {Threei} speaking of broader world, some new photos at http://www.realitytrader.com/photography/
[08:54] {Threei} GERN nice daily and little news
[08:55] {fernp} good morning everybody
[08:55] {Threei} but the way bios act, I'll stay away for now
[08:55] {Threei} fern :)
[08:56] {nemo} maybe people realized they were buying on a cnbc analyst comment
[08:56] {Threei} ?
[08:56] {Threei} buying what?
[08:56] {nemo} bcrx
[08:56] {nemo} nevermind onyxx
[08:57] {Threei} [07:57] {Alert} Threei 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza
[08:57] {Threei} wake up
[08:57] {dino} gm all
[08:57] {Threei} dino :)
[08:59] {nemo} $ up pretty strong this morning
06[09:01] * nemo slaps lasertrev around a bit with a large "good morning"
[09:01] {lasertrev} good morning all
[09:01] {magoo} morn :)
[09:01] {Threei} trev :)
[09:01] {lasertrev} ouch, slap right away
[09:01] {nemo} if you call a "good morning" a slap...
[09:02] {Threei} that's pretty much what goes for real greeting with some... gnawing at someone's throat is their equivalent to a smile... etc
[09:03] {Threei} CHIP Granted Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus (1.15, 0.00, 0.00%)
[09:03] {lasertrev} lol
[09:03] {nemo} huh?
[09:03] {nemo} I think you erroneously ascribe nefarious intent
[09:04] {nemo} hi lari...
[09:04] {larisa} gm :)
[09:04] {Threei} as long as nemo and nefarious are in one sentence, there is no room for "erroneous" in the same sentence anymore...
[09:04] {magoo} i think trev gonna realize soon that this room just ain"t quite right
[09:04] {Threei} larisa :)
[09:05] {nemo} touche
[09:05] {nemo} that's sticking your chin out
[09:05] {lasertrev} its not the room
[09:05] {nemo} ooohhhhh lasertrev...nice one
[09:13] {Threei} CHIP more or less reacts
[09:18] {cosmo} nktr
[09:19] {Threei} 6:01:57 AM
[09:19] {Threei} Nektar Therapeutics Signs co-development agreement with AstraZeneca for NKTR-118 and NKTR-119 for treating opioid-induced constipation
[09:19] {cosmo} gee....finally
[09:20] {Threei} rofl
[09:20] {nemo} it's really tough on people 1) who are in chronic pain, and 2) people in end-stage cancer treatment where pain is extreme
[09:26] {Threei} ABAT Announces New Order Contracts for Wuxi ZhongQiang (4.22, 0.00, 0.00%)
[09:26] {ese} sounds like there is alot of competition already for that type of product.....my says that there are lots of products doing the same thing
[09:26] {ese} my wife
[09:27] {Threei} - Wholly-owned subsidiary, Wuxi ZhongQiang has signed two contracts to provide electric vehicles to international customers in Indonesia and Denmark. One order is for 12,000 electric bikes with an aggregate value of $2.3 million. The second order is for 2,000 electric scooters with an aggregate value of $1.1 million.
[09:27] {Threei} - Delivery on both orders is expected to occur within one month.
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:29] {Threei} dollar strength weighs on stocks
[09:31] {Threei} I swear BCRX is a short on this news, lol
[09:32] {Threei} watching NTAP for pullback
[09:34] {Threei} Long Setup: NTAP .75 break
[09:34] {Threei} if stays above .65
[09:36] {Threei} CHIP... sheesh
[09:37] {ese} bstop arna .00
[09:38] {ese} l arna .04
[09:40] {ese} out arna .22 +.18
[09:40] {magoo} AIG nuts
[09:40] {Threei} Preview: August Leading Indicators due out at 10amET
[09:40] {Threei} **consensus expectation: 0.7%e v 0.6% prior (range of analyst estimates from 0.0% to 1.0%)
[09:40] {ese} your basic $1000 right off the bat
[09:41] {ese} that stock is crazy
[09:41] {dino} spxu
[09:41] {dino} no
[09:44] {ese} vad could you give an opinon on a pullback for arna
[09:45] {Threei} no read here... tough one
[09:45] {ese} tks
[09:45] {nemo} lvs mgm vertical
[09:45] {ese} was thinkin .10 area
[09:46] {Threei} HIG
[09:46] {Threei} pullback under .80 for long entry
[09:46] {Threei} NTAP no worky
[09:50] {Threei} HIG touched under .80 so briefly, no chance for confident entry
[09:50] {Threei} and now starts looking rather like breakout
[09:51] {Threei} for crazy ones, look to take AIG closer to 41
[09:54] {Threei} LVS
[09:54] {Threei} .85 long if holding .75
[09:56] {Threei} HIG finally worthy pullback
[09:57] {Threei} .70 long if holding .60
[09:58] {fernp} ty
[09:58] {Threei} HIG 1;1
[09:59] {Threei} LVS 1:1
[10:00] {Threei} AUG LEADING INDICATORS: 0.6% V 0.7%E
[10:00] {Threei} Short Setup: CAT 52 breakdown half lot
[10:01] {Threei} if stays under .20
[10:01] {Threei} invalidated
[10:01] {ese} l arna .13 risky
[10:01] {ese} market going against me
[10:02] {Threei} AIG lost whatever left of its mind
[10:03] {ese} gonna go long arna again at .20
[10:06] {dino} cedc gap fill
[10:07] {Threei} CHIP just goes
[10:08] {ese} ouuu almost stopped arna .99
[10:16] {nemo} aig pullback
[10:17] {fernp} VM daily interesting. Maybe 5 or 5.10 break
[10:20] {Threei} American International Group, Inc UPDATE: AIG trading up 12%
[10:20] {Threei} - earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration. Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm.
[10:20] {nemo} reducing the government stake at a loss...of course
[10:20] {fernp} HIG .70 break?
[10:21] {Threei} ummm... yes
[10:21] {Threei} lol
[10:21] {nemo} nice call vad
[10:21] {fernp} virtual 1:1 here :)
[10:22] {dino} kbr l .16 stop .96\
[10:22] {magoo} news POT vad?
[10:23] {Threei} couple upgrades
[10:23] {Threei} one downgrade
[10:23] {Threei} nothing significant
[10:23] {nemo} lvs break of .70
[10:23] {nemo} ?
[10:24] {Threei} worth a try
[10:24] {Threei} stop is fairly tight
[10:24] {Threei} and market gains strength
[10:25] {dino} agco l .50, stop lod
[10:25] {Threei} bcrx
[10:26] {Threei} 9.80 short trigger... was hesitant on that
[10:26] {Threei} too bad
[10:28] {Threei} LVS 1:1
[10:28] {nemo} out lvs .80
[10:28] {nemo} ty
[10:29] {nemo} volume not endearing
[10:30] {Threei} Long Setup: JNPR .90 break if holding above .80
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 265M shares, about even to its three-month average; decliners lead advancers by 4.9:1.
[10:32] {Threei} - NASDAQ volume 530M shares, about even to its three-month average; decliners lead advancers by 1.8:1.
[10:32] {Threei} - VIX index +5% to just over 25.00
[10:33] {Threei} KONG?
[10:33] {Threei} no news tat I see
[10:37] {Threei} CVM Hearing today's strength being attributed to margin calls (1.95, +0.34, 21.12%)
[10:37] {Threei} hmm?
[10:37] {Threei} does it have high shirt interest?
[10:37] {Threei} short too
[10:38] {Threei} 2.29 %
[10:38] {Threei} shrug
[10:40] {Threei} Americans Now View Congress As Least Respected Job
[10:40] {Threei} let's see if congressmen agree and quit
[10:41] {Threei} Fed's Bernanke scheduled to speak before the US House of Financial services Oct 1
[10:46] {Threei} I start watching HIG for the upper envelope,
[10:46] {Threei} want short
[10:47] {Threei} so far:
[10:47] {Threei} resistanbce is .70,
[10:47] {Threei} .55 is short trigger,
[10:47] {Threei} if market drops sharply I'd grab it aggressively
[10:48] {Threei} break over .70 invalidates the setup but it will remain on watch
[10:51] {fernp} TY Vad out .99 JNPR
[10:51] {Threei} :)
[10:52] {Threei} one last bounce please HIG
[10:52] {Threei} then break down and die
[10:55] {nemo} I'm in but that hmmper scares me
[10:56] {Threei} who?
[10:56] {nemo} hig
[10:59] {nemo} out
[11:00] {fernp} stopped HIG
[11:02] {Threei} Long Setup: BCRX 9.50
[11:03] {Threei} stop under .40 for scalpers, under .35 for day traders
[11:04] {Threei} NY Fed: Purchased $4.05B in $300B outright coupons purchase; Dealers submitted $15.3B for consideration (bid to cover 3.78)
[11:04] {magoo} in
[11:07] {Threei} 1:1 for scalpers
[11:07] {fernp} out TY
[11:07] {Threei} 1:1 for daytraders
[11:18] {nemo} LVS long, break of .85?
[11:19] {nemo} if holding .75
[11:24] {Threei} chart wise yes
[11:24] {Threei} market support is the problem
[11:25] {Threei} moves so slowly, I can't get a feel for whether we are headed for anoter break or reversal
[11:26] {dino} tighten agco to .70 kbr to .37
[11:27] {Threei} Hearing Credit Suisse making mildly positive comments on education names, expects a "relief rally" (timing uncertain)
[11:27] {Threei} - Notes that a GAO report on for profit schools may not have been as negative as previously expected
[11:27] {Threei} Related (APOL COCO CECO ESI EDMC )
[11:27] {Threei} AGEN Expands QS-21 license agreeme
[11:28] {Threei} - signed an amended and restated license agreement for the use of the QS-21 adjuvant in a vaccine under development by JANSSEN Alzheimer Immunotherapy, a company which has acquired substantially all of the assets and rights of Elan related to its Alzheimers Immunotherapy Program (AIP).
[11:29] {dino} agco out .74 +.24
[11:30] {dino} out kbr .37, +.21
[11:33] {nemo} $ been dropping, market been coming back
[11:38] {Threei} let's close our eyes, buy 10K of CHIP, put it for sale at 12 and go away
[11:38] {magoo} in
[11:38] {magoo} lol
[11:38] {Threei} oops
[11:38] {Threei} :)
[11:39] {Threei} seriously, look at this POS
[11:43] {magoo} seems like 4
[11:43] {dino} orex?
[11:45] {Threei} no news
[11:45] {dino} ty
[11:48] {dino} amn, amsc
[11:52] {dino} orex sm s .75
[11:54] {dino} gopd is coming on tv
[11:54] {dino} god
[11:54] {nemo} who?
[11:55] {dino} obama
[11:55] {nemo} I got it on "god"
[11:55] {dino} :)
[11:56] {Threei} 5 talk shows in one sunday - one can get a taste for that I guess
[12:00] {Threei} sorry dino, I know you already alerted but this is my traditional line and even at risk of being redundant I must say it:
[12:00] {Threei} guess who is on TV
[12:00] {dino} lol
[12:00] {Threei} SNY Receives new order for swine flu from the US GOvt (37.29, +0.53, 1.44%)
[12:01] {Threei} HNSN Strength attributed to a report that the company has been granted FDA approval for its next generation Robotic Cather System (4.33, +1.20, 38.34%)
[12:01] {dino} ouch
[12:01] {Threei} SNY Order for approx 75M doses
[12:03] {Threei} Robotic Cather System, called Sensei
[12:03] {Threei} - this was initally reported in a press release by the company on 9/15
[12:05] {Threei} HNSN pace pick up...
[12:06] {Threei} being designated as another momo candidate I guess... as CHIP becomes old
[12:07] {Threei} wow... EDGX bid is for real
[12:08] {Threei} I guess, .50 break long if holding .40
[12:08] {Threei} target, ummm... 5?
[12:13] {dino} orex bstyop to .52
[12:14] {nemo} maybe B on aig on that volume spike @ 12:08
[12:15] {nemo} double bottom, sorry
[12:20] {Threei} BCRX hit over 1:2 for day traders
[12:20] {Threei} mags... in case you are trying to squeeze something out of it... careful
[12:20] {dino} orex cov .52, +.23
[12:20] {Threei} swine flu contract news seem seriously diluted these days
[12:20] {magoo} im waiting .87, patialed
[12:21] {magoo} partialed, but have alot still
[12:21] {Threei} it was .89 earlier...
[12:21] {magoo} shit fill laser then
[12:21] {Threei} play it safe... half out, stop to b/e
[12:22] {Threei} whatever happens do NOT lose on this play
[12:23] {magoo} ok
[12:29] {magoo} out boss
[12:29] {Threei} good
[12:30] {Threei} you see this trading last days
[12:30] {Threei} it's like pulling teeth
[12:30] {Threei} each winning trade is being dragged out of market moth... kicking and screaming
[12:31] {Threei} we need pullback badly
[12:36] {nemo} aig woke up
[12:37] {Threei} this time it even has a reason
[12:37] {Threei} AIG GAO believes financial conditions at AIG have stabilized - NY Times (43.88, +3.97, 9.95%)
[12:38] {Threei} another ityem a bit earlier but caused no reaction:
[12:38] {Threei} American International Group, Inc Open to "contructive efforts" from former CEO Greenberg
[12:38] {Threei} - Reminder: Earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration.
[12:38] {Threei} - Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm. Towns said AIG should not be rushed to pay back the loans if the US can get a better return on its money.
[12:42] {nemo} news on ceph vad?
[12:43] {Threei} nothing fresh
[12:50] {dino} mtxx
[12:52] {nemo} how many times you been in and out of aig mags?
[12:52] {magoo} 4
[12:53] {magoo} in now trying for .95
[12:55] {magoo} out here
[12:55] {magoo} .56
[12:55] {magoo} 5k from .20
[12:55] {magoo} very risky
[12:55] {magoo} may reload
[12:56] {magoo} when im scared...u better be
[12:56] {nemo} I was tempted at the 43.50 break, but then it got to spread out
[12:57] {magoo} better to catch pullbk on it
[13:00] {magoo} wish vad would start reading AIG...somehow makes me feel more secxure
[13:00] {magoo} secure
[13:00] {nemo} freudian slip there mags
[13:01] {Threei} I give read on it when it forms safe enmough setup
[13:01] {magoo} yup
[13:01] {nemo} so...every blue moon or two
[13:01] {Threei} but no way to read it all the time
[13:01] {magoo} and then ill BE THERE ok:)
[13:01] {nemo} oh oh ELP flashbacks
[13:02] {dino} amsc
[13:02] {Threei} this MTXX spike... no even rumor for it
[13:12] {dino} amsc hl l .95
[13:18] {nemo} lvs break of .35?
[13:18] {patience} hey dino, you think we end up red today?
[13:18] {nemo} Well, that answers my question
[13:19] {Threei} I am not elighted nemo
[13:20] {nemo} just a scalp...there it is
[13:23] {magoo} AIG 45 trigger lomg
[13:23] {magoo} then w/stop of .90
[13:25] {magoo} risk is beyond belief
[13:25] {dino} amn sm l .55 ave, wide
[13:29] {magoo} in
[13:29] {magoo} im looking for 47 area
[13:30] {nemo} 47.00 or 45.47?
[13:33] {magoo} by end of day...i truly believe it prints 47 dollars..but hehg...thats nota trade call....
[13:33] {magoo} i in tho
[13:33] {magoo} 7 th time
[13:34] {magoo} 45.40 should get us near 46...breathes hard
[13:34] {magoo} like it tho
[13:37] {magoo} big wall there at .50
[13:38] {Threei} should take it like there is nothing
[13:38] {Threei} there
[13:45] {nemo} in cat .26
[13:46] {nemo} out .36
[13:56] {magoo} A I GAY
[13:56] {nemo} janitor....
[13:57] {Threei} CYTK Hearing Wedbush makes positive comments (timing uncertain) (3.99, -0.01, -0.25%)
[13:59] {Threei} BAC Reportedly US House Panel has declared BAC did not meet deadline to hand over information on Merrill Lynch deal (17.29, -0.34, -1.93%)
[13:59] {Threei} what are they going to do abut it?
[13:59] {nemo} ask for campaign contributions
[14:00] {nemo} tough crowd...:(
[14:01] {Threei} we just don't see the humor in it... normal reaction
[14:01] {Threei} of course contributions
[14:01] {nemo} I like the Fed telling Treasury to go to hell
[14:02] {Threei} 46 on the nose
[14:03] {magoo} out
[14:03] {magoo} .90
[14:03] {nemo} somebody slap that boy
[14:04] {magoo} in
[14:05] {magoo} stopped'
[14:05] {nemo} support was @ .60
[14:06] {nemo} scalpers regret on cat
[14:09] {Threei} CYTK...
[14:09] {Threei} becomes interesting
[14:09] {Threei} not often big name like Wedbush pays attention to $4 stock
[14:10] {dino} scor
[14:15] {Threei} how about that CYTK
[14:16] {Threei} - Webush says CYTK's skeletal muscle program could be worth $13/share and its heart failure program is worth $5/share.
[14:17] {nemo} is this another "close your eyes and buy 10k shares?" :)
[14:17] {Threei} pretty much
[14:17] {magoo} in
[14:17] {magoo} not
[14:17] {nemo} I was just gonna' ask mags...
[14:18] {nemo} Think Webush is selling into this..
[14:18] {nemo} bcrx coming into lod
[14:19] {magoo} BCRX was such disappointmt
[14:19] {magoo} 11.40 pre mkt io believe
[14:20] {Threei} if CYTK can retake 4.80, should spike to 5 and probably over
[14:24] {Threei} new high
[14:24] {Threei} 5 on horizon
[14:34] {magoo} .
[14:35] {Threei} lol
[14:35] {Threei} someone at Laser should stop drinking that early in the day
[14:35] {Threei} 14:34:48 MD1 --} (All): !!!!!!!! !!!!!!
[14:35] {nemo} Magooo...new part-time job?
[14:36] {Threei} same setup shapes up again
[14:36] {Threei} .80 break
[14:37] {Threei} NTGR Judge reportedly throws out a patent lawsuit by LG Fujitsu and Phillips (19.26, +0.44, 2.34%)
[14:37] {nemo} ntgr
[14:38] {nemo} sorry
[14:38] {Threei} magoo's 47 is coming on AIG it seems
[14:39] {magoo} more
[14:39] {magoo} but hard breather
[14:40] {Threei} tell me about it... I can't talk to it without covering face with towel
[14:42] {Threei} PALM Jim Cramer makes positive comments on PALM; AMT (14.53, +0.52, 3.71%) (related AMT )
[14:44] {Threei} PAL, cramerization in progress
[14:45] {Threei} PALM that was
[14:46] {magoo} 47
[14:46] {nemo} 47
[14:46] {Threei} 47?
[14:46] {dptl} have a good evening all
[14:46] {Threei} take care dp, but before you leave,
[14:46] {Threei} you see 47, right?
[14:47] {dptl} where? what?
[14:47] {Threei} lol
[14:47] {Threei} never mind
[14:47] {dptl} :)
[14:47] {Threei} see you tomorrow :)
[14:47] {Threei} beautiful read mags
[14:50] {magoo} been kickin it too:)
[14:50] {Threei} violence works
[14:56] {Threei} CHIP... eod run or fizzle
[15:01] {dino} fizzle
[15:02] {magoo} the snizzle fizzle is the drizzel (snoop dog)
[15:03] {magoo} 48
[15:04] {Threei} that's abourt it for today for AIG, IMO
[15:04] {magoo} goober.com has upgraded target AIG today to 55
[15:04] {dino} ggc
[15:07] {ese} Hi everyone........just thought that i would pop in after my staff meeting
06[15:07] * magoo slaps ese around a bit with a large trout
[15:07] {Threei} missed a few nice ones ese
[15:08] {Threei} and spectacular call by magoo on AIG
[15:09] {ese} so i'm i'm out of arna with that second trade before i left at .27 +.14 on6k and i just got out of dndn from last friday in at .50 and out at .03 +.53....so i'll se you all tomorrow
[15:09] {Threei} okay... rub our noses in it
[15:09] {Threei} and run away
[15:09] {Threei} ok CYTK
[15:09] {ese} vad this ha been a very good day.......i'm loving you right now
[15:10] {Threei} wanna break 5 now?
[15:12] {Threei} who took .80 break on CYTK, if you don't scalp then sure take hlf off near 5
[15:12] {Threei} half that was
[15:12] {Threei} PALM... holy cramer
[15:13] {nemo} holy and cramer in the same sentence....nahhhhh
[15:13] {Threei} how is cramer worse than let's sat mackerel?
[15:14] {nemo} it's the use of the two words...he's the investing anti-christ (with full realization that the word "investing" should not be used here
[15:14] {nemo} )
[15:19] {Threei} 5 break would be just perfect now
[15:19] {Threei} beautiful chart
[15:20] {Threei} explosive
[15:20] {magoo} AIG feels like just getting started
[15:21] {magoo} palm bounce vad?
[15:22] {nemo} cytk froze
[15:22] {Threei} need much deeper pullback
[15:23] {magoo} BAC
[15:23] {magoo} VOLUME
[15:23] {Threei} BAC Close to deal that may end loss sharing agreement - WSJ cites sources (17.37, -0.26, -1.47%)
[15:24] {nemo} that volume spike on cytk, was that the blow off?
[15:24] {Threei} not much of a price spike for that
[15:26] {Threei} - struck a deal with the govt in January that gave it loss protection on $118B of Merrill assets, but BoA said it wanted to exit the deal in May.
[15:27] {Threei} hmmm
[15:27] {Threei} so how is it good for BAC?
[15:29] {nemo} stopped cytk
[15:29] {Threei} hmm?
[15:29] {nemo} on break of 5 I entered
[15:29] {Threei} wow
[15:29] {dino} wondering the same
[15:29] {Threei} call was 4.80
[15:29] {Threei} 5 break for continuation
[15:29] {Threei} not for new entry
[15:29] {nemo} I misinterpreted
[15:29] {Threei} so it was either scalp into 6,
[15:29] {nemo} [15:19] {&Threei} 5 break would be just perfect now
[15:29] {nemo} [15:19] {&Threei} beautiful chart
[15:29] {nemo} [15:20] {&Threei} explosive
[15:29] {Threei} or half out and trail
[15:30] {Threei} so second half would be stopped b/e
[15:30] {Threei} [14:36] {Threei} same setup shapes up again
[15:30] {Threei} [14:36] {Threei} .80 break
[15:30] {magoo} first call was a beauty on it vad
[15:30] {magoo} second too btw
[15:31] {nemo} as I said, misinterpreted your prose
[15:31] {Threei} running comments
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 850M shares, about even to its three-month average; decliners lead advancers by 1.9:1.
[15:31] {Threei} - NASDAQ volume 2.01B shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.
[15:31] {Threei} - VIX index +-0.75% to just under 24.00
[15:32] {Threei} so, after huge volume on Fri with practically no price advance, which usually rweads as distribution
[15:32] {Threei} today we get volume dropoff, with slightly negative price
[15:32] {nemo} rally continues tomorrow
[15:32] {Threei} I don't know how to connect these two
[15:33] {Threei} they asre contradictionary
[15:33] {magoo} dip buyers were impressive
[15:36] {magoo} bulls need a strong close here
[15:38] {nemo} does op ex on Friday kinda' nullify things?
[15:39] {nemo} I think it was quadruple witching hour, no?
[15:40] {dino} today, just reaction to the strike pushes from last week, imo
[15:40] {dino} bigger issue may be end of 3rd quarter.
[15:41] {dino} rino\
[15:45] {magoo} any read PALM vad?
[15:45] {Threei} no... short after Craner effect wears out
[15:46] {Threei} AZN MedImmune Receives U.S. Government Order for Additional 29 Million Doses of Nasal Spray Vaccine for 2009 H1N1 Influenza (45.39, +0.19, 0.42%)
[15:46] {Threei} VIVUS, Inc Reiterates on track for New Drug Application (NDA) for Qnexa for weight loss by December - UBS conf presentation
[15:46] {Threei} - CFO: recent data make us very comfortable that the drug is doing exactly what we want.
[15:50] {Threei} DSTI Executes Letter of Intent With EPOD Solar, Inc. and Enters Into Bridge Financing Agreement (0.84, +0.23, 37.16%)
[15:51] {Threei} things to watch tomorrow:
[15:51] {Threei} CYTK, CHIP, VVUS,
[15:51] {Threei} AIG of course...
[15:51] {Threei} PALM
[15:56] {Threei} CHIP... if we got quick drop to 2.50 or under, I'd even take it overnight
[15:58] {fernp} good evening everybody. see you tomorrow
[15:58] {Threei} take care fern
[15:58] {Threei} CYTK finishes fairly strong
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening'
[15:59] {Threei} see you tomorrow
[15:59] {larisa} bye :)
[16:00] {Threei} one more to watch tomorrow
[16:00] {Threei} BIOS

Labels: , , ,

Friday, September 18, 2009

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