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

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

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

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

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} :)