Oct 30 2009

Just as we thought, yesterday's strength turned out to be just a bounce. All trades worked well today, with beautiful QID setup which was explained in details starting at 11:00.

Session Time: Fri Oct 30 00:00:00 2009

[03:55] {KSystems} morning

[08:10] {Threei} US) Preview: Sept Personal Income and Personal Spending due at 8:30am

[08:11] {Threei} US) Preview: Sept PCE Core M/M, PCE Core Y/Y and PCE Deflator Y/Y due at 8:30am

[08:11] {Threei} US) Preview: Q3 Employment Cost Index expected at 8:30am

[08:11] {Threei} - consensus expectations at 0.4% v 0.4%

[08:30] {Threei} US) Q3 EMPLOYMENT COST INDEX: 0.4% V 0.4%E

[08:30] {Threei} US) SEPT PCE CORE M/M: 0.1% V 0.2%E; PCE CORE Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: -0.5% V -0.5%E

[08:37] {_Les__} Bonjour Messieurs et Madames ;)

[08:39] {Raven} interesting

[08:39] {Threei} good morning

[08:39] {Raven} T:)

[08:39] {Threei} R :)

[08:47] {_Les__} Didn't get to ask yesterday Vad. HGSI. U said trailing to .35, so effectively trailing for 1 point's movement. You saw trending good for potentially one point's movement. How?

[08:47] {Threei} huh?

[08:47] {Threei} original stop was under .30

[08:47] {_Les__} Just before system crash

[08:47] {Threei} trailing to under .35 is 5 cents

[08:47] {_Les__} Ah, that was it?

[08:48] {Threei} OK... I don't think we are on the same page

[08:48] {Threei} what does stop trailing have to do with target?

[08:49] {Threei} stop controls risk,

[08:49] {_Les__} I was watching it push through $20.35, from $19.30 (or something like that). Given lack of talk following this call, I thought U were trailing for a full point

[08:49] {Threei} at some point HGSI made a new low of the range solid enough to tighten risk

[08:50] {Threei} so that was a call for riske decrease

[08:50] {Threei} which has no correlation with target

[08:50] {Threei} so I am not sure what to make of the question framed this way

[08:51] {_Les__} sorry looking thru yesterday's blog for trade

[08:51] {Threei} I just don't want any misunderstanding about the meaning of the call and comments

[08:52] {Threei} any of those will lead to incorrect action

[08:57] {_Les__} My fault. I reviewed the log. I was cut out of further blog feed after your call "let's trail .35). When you said at 10:19 HGSI worth a try @ .41, I thought you wanted to trail to $20.35. I was impressed by your powers of prescience!

[08:58] {_Les__} HGSI topped out @ $20.33 @ 11:10. I realise now that I was no longer in the chat room

[08:58] {Threei} Les... I don't think you understand the call correctly

[08:58] {Threei} When you said at 10:19 HGSI worth a try @ .41, I thought you wanted to trail to $20.35.

[08:58] {Threei} this doesn't make sense to me

[08:59] {Threei} "worth a try at .41" - means entry

[08:59] {_Les__} that i understand

[08:59] {Threei} how does it correspond with " I thought you wanted to trail to $20.35"?? :)

[08:59] {_Les__} then you said "let's trail HGSI to .35"

[09:00] {Threei} trail refers to a stop

[09:00] {Threei} trailing stop

[09:00] {_Les__} so entry at .41. Immediately enter a trailing stop at .35. That was the call was it

[09:00] {Threei} no

[09:00] {Threei} entry at .41,

[09:00] {Threei} original stop under .30

[09:01] {Threei} [10:19] {Threei} HGSI worth a try

[09:01] {Threei} [10:19] {Threei} .41

[09:01] {Threei} [10:19] {Threei} stop under .30

[09:02] {_Les__} [10:25] {Threei} let's trail HGSI to .35

[09:02] {Threei} that's follow up 6 mionutes later

[09:02] {_Les__} so means what?

[09:02] {_Les__} .5 cent scalp?

[09:02] {Threei} [10:19] {Threei} HGSI worth a try

[09:02] {Threei} [10:19] {Threei} .41

[09:02] {Threei} [10:19] {Threei} stop under .30

[09:03] {Threei} [10:24] {Threei} market sharp drop

[09:03] {Threei} [10:25] {Threei} let's trail HGSI to .35

[09:03] {Threei} ??

[09:03] {Threei} Les... how does stop trailing translates into target??

[09:03] {lasertrev} morning

[09:03] {Threei} terv :)

[09:03] {Threei} it means trail THE STOP

[09:03] {Threei} not the exit

[09:04] {Threei} explain your thinking because I don't understand what it is that confuses you

[09:04] {Threei} stop is exit on LOSING side

[09:04] {Threei} if a trade moves against you

[09:05] {Threei} you enter long at .41,

[09:05] {Threei} your stop is under .30

[09:05] {Threei} Stock moves in your favor,

[09:05] {_Les__} you were tightening your stop?

[09:05] {Threei} at some point you are tightening the sdstop by trailing it

[09:06] {Threei} By no means this means changing the target

[09:06] {_Les__} ok. So "trail" means trailing stop. Thought you wanted to "trail" HGSI, i.e., follow it for a moment

[09:07] {_Les__} But as I said before. My blog feed was cut off at this point, so I didn't see this: [10:26] {fernp} out HGSI +.09, thanks strider, vad

[09:07] {Threei} YRCW

[09:07] {Threei} YRC Worldwide, Inc. Reports Q3 -$2.67(incl items) v -$1.70e, R$1.3B v $1.4Be; confirms in active noteholder discussions

[09:07] {Threei} - EPS included a net gain on property disposals of $.18 per share, severance charges of $.08 per share due to further headcount reductions and lease termination charges of $.11 per share related to further optimizing the networks.

[09:07] {Threei} - Been in active dialogue with noteholders, good progress made

[09:07] {_Les__} the system crashed and I didn't try to reenter. But thanks for clarifying your vocab.

[09:08] {Threei} you can always review the log after hours

[09:08] {_Les__} my bad

[09:08] {ese} well ...good morning...is anybody going to talk to me today huuuuuuuuh?

[09:09] {Threei} hmmm

[09:09] {Threei} ok... good morning ese!

[09:09] {_Les__} gm ese

[09:09] {strider} gm ese.

[09:09] {ese} morning all

[09:09] {ese} i was talking to myself yesterday for about an hour maybe longer on the board

[09:09] {ese} gave up

[09:10] {_Les__} well 3i doesn't understand me when i speak so i shall be quiet

[09:10] {strider} did you learn anything, ese?

[09:10] {Threei} lol

[09:11] {Threei} Les don't let it confuse you - I don't understand anyone

[09:11] {ese} don't know......were there problems with the chat room?

[09:11] {Threei} with mibbit ese

[09:11] {Threei} those connected through mirc were fine

[09:11] {ese} that s what i'm on.....

[09:11] {Threei} but mibbit went down for couple hours

[09:11] {ese} ahhhhhh haaaaa!

[09:12] {strider} pobrecito!

[09:12] {ese} so i'm still welcome? Thought there was a conspiracy going on

[09:12] {_Les__} I understand there's no such thing as a stupid question, only stupid people but...

[09:12] {ese} and that nemo was leading it

[09:13] {_Les__} If I theoretically touched that pretty house next to KSystems icon, could I crash the blog?

[09:14] {strider} there goes YRCW

[09:14] {Threei} Ford Motor Co Reportedly another plant (Michigan) rejects concessions by 75%

[09:14] {Threei} - Plant in Saline, Michigan voted the deal down 10/29

[09:14] {Threei} **Reminder: On 10/29 Ohio UAW transmission plant workers voted against concessions; vote 75% against

[09:14] {Threei} Wilbur Ross: commercial real estate on verge of huge crash- radio interview (related XHB )

[09:14] {Threei} oh great

[09:15] {Threei} BLTXX Baltic Dry Bulk 1% (2nd straight gain)

[09:15] {_Les__} yet F still at 7?

[09:15] {nemo} what was I leading...dude?

[09:15] {Threei} BLTXX Baltic Dry Bulk rises aprox 3% (2nd straight gain)

[09:16] {ese} the conspiracy not to talk to me on the board yestereday

[09:16] {Threei} give it up nemo, ese figured you out

[09:16] {ese} i was alone for about an hour and a bit....so i gave up

[09:16] {nemo} Is this one of your "I'm not paranoid, and anyone who thinks I am is out to get me" moments

[09:16] {ese} made a successful trade and called it quits

[09:17] {strider} There's a lesson here. Use mIRC?

[09:17] {ese} ahhhhhhh welllllllllll......i was thinking that i heard that

[09:18] {nemo} anything on watch Vad?

[09:21] {Threei} HIG...

[09:21] {Threei} JNPR

[09:22] {ese} baltic dry index should be on watch.....only a matter of time for those companies

[09:22] {ese} alex, egle, drys

[09:22] {ese} exm

[09:22] {ese} free

[09:22] {ese} gnk

[09:22] {ese} hrz,kex nm prgn

[09:22] {ese} ssw tbsi

[09:23] {dino} gm all

[09:23] {Threei} dino :)

[09:23] {ese} dino

[09:24] {Threei} fairly quiet market so far

[09:24] {Threei} not much to hang our hat on

[09:24] {Threei} let's not be in a rush

[09:24] {nemo} yeah...that's what it feels like

[09:24] {cosmo} yea...give it a couple of minutes...

[09:25] {Threei} lol

[09:25] {fernp} Good morning everybody

[09:25] {cosmo} :)

[09:25] {nemo} at least until 9:33

[09:25] {Threei} fern :)

[09:25] {dino} nvtl still beat up

[09:25] {ese} fern

[09:25] {strider} morning everyone

[09:25] {Threei} strider :)

[09:25] {strider} eye of three:)

[09:25] {ese} ST!

[09:25] {dino} aixg

[09:27] {strider} wierd one, aixg

[09:27] {Threei} did I just hear this for real

[09:27] {strider} Aixtron upgraded by JP Morgan

[09:28] {ese} hear what

[09:28] {Threei} new health care bill requires insurance companies to keep KIDS insured under parents coverage until they are 27!

[09:28] {Threei} kids??? 27???

[09:28] {ese} huh.....

[09:28] {nemo} oops...gotta' get my pacifier

[09:29] {Threei} something about this world I completely am unable to underatsnad

[09:29] {nemo} it's this country

[09:29] {dino} its a plan, if the next generation never has to grow up, the politicians win

[09:29] {Threei} grab one for me too nemo, and make sure it's properly soaked in scotch please

[09:29] {ese} same up here

[09:30] {Threei} ok.... gong

[09:31] {Threei} Preview: Oct Chicago Puchasing Managers Index due out at 9:45amET

[09:31] {Threei} **consensus expectation: 49.0e v 46.1 prior

[09:31] {Threei} - estimates range between 47 and 52.5

[09:31] {Threei} PLCM lost its mind

[09:31] {ese} TSRA dino

[09:31] {dino} played last night

[09:31] {ese} short

[09:32] {dino} y

[09:32] {ese} nice.....MSTR

[09:32] {ese} up 11pts

[09:32] {dino} strider called me a vampire

[09:32] {dino} :)

[09:32] {Threei} Long Setup: HIG .20 break if stays above .10

[09:33] {strider} I merely asked. Politely

[09:33] {dino} lol

[09:33] {ese} in

[09:35] {ese} out .29

[09:35] {ese} in .21

[09:35] {fernp} have to say "ty Vad". in .21 out .29

[09:36] {strider} oops. slippage

[09:36] {fernp} JNPR holding

[09:39] {Threei} Long Setup: CAT 57 break

[09:39] {Threei} grrr

[09:39] {Threei} too late?

[09:39] {fernp} missed

[09:39] {Threei} no chasing

[09:39] {nemo} yeah

[09:40] {strider} in

[09:40] {Threei} what price?

[09:40] {strider} 57

[09:40] {nemo} bastid

[09:40] {nemo} what

[09:40] {Threei} market drops fast

[09:40] {nemo} wht's the stop...90

[09:41] {Threei} it hit 1:1 before you even rported in, lol

[09:41] {Threei} take scalp

[09:41] {strider} out flat..

[09:41] {Threei} we have numbers in 4 min

[09:42] {dino} shaw gap fill from wed close

[09:42] {Threei} good job on entry strider but misseed exit

[09:42] {strider} futs scared me.

[09:42] {Threei} yes, but it hit .15 before futs drop

[09:42] {Threei} wtf is this

[09:42] {Threei} lol

[09:43] {fernp} don't look at CAT strider

[09:43] {Threei} seriously, what just happened?

[09:43] {strider} no t&S

[09:43] {dino} ndx green

[09:43] {Threei} 20 points jump NQ

[09:43] {strider} scerw it

[09:43] {nemo} good report

[09:43] {strider} screw

[09:43] {Threei} what report

[09:44] {nemo} the numbers in a couple of minutes

[09:44] {Threei} PMI?

[09:44] {nemo} whatever you said was coming

[09:44] {Threei} never saw it having such huge influence

[09:45] {Threei} OCT CHICAGO PURCHASING MANAGERS INDEX: 54.2 V 49.0E

[09:45] {nemo} told ya"

[09:45] {ese} i think my quotes are wrong where fitb

[09:45] {Threei} 9.17

[09:45] {ese} tks

[09:45] {nemo} see if we get sell the news

[09:46] {_Les__} good move exiting flat on CAT. Dropping .70 in such a fashion would have been nasty.

[09:46] {KSystems} michigan sentiment in 10 mins

[09:47] {_Les__} qcom

[09:48] {_Les__} sorry wrong screen

[09:48] {nemo} don't do it again...:)

[09:49] {_Les__} GILD bottoming out Vad?

[09:49] {Threei} not sure I like it

[09:50] {Threei} risk is relatively small, can try

[09:50] {Threei} 43 break

[09:50] {fernp} numbers in 5

[09:50] {Threei} consumer confidence

[09:51] {nemo} kinda' got a sell the news off that last spike

[09:51] {Threei} yup

[09:51] {Threei} Preview: Oct Final University of Michigan Confidence due out at 9:55amET

[09:51] {Threei} **consensus expectation: 70.0e v 69.4 prior

[09:51] {nemo} Having said that a retracement of yesteray, makes sense to. We've had 12%

[09:54] {Threei} let's wait this set of numbers and see if we get short play on NASDAQ

[09:54] {Threei} by going long QID

[09:55] {Threei} OCT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 70.6 V 70.0E

[09:55] {Threei} good number

[09:55] {Threei} perfect setup if market reverses and hits low

[09:56] {Threei} pullback is too deep for a breakout play

[09:56] {Threei} rather try to catch reversal, IMO

[09:57] {Threei} 22.90 QID's low for stop placement

[09:57] {Threei} ideally, dive under 23,

[09:57] {Threei} no

[09:57] {Threei} ok, no clear entry yet

[09:59] {Threei} 09:58:39 ADMIN7 --} (All): NYSE issues streetwide - causing data problems

[09:59] {dino} seeing it

[10:00] {ese} L fitb .11

[10:00] {ese} don't try this at home

[10:00] {dino} ash

[10:01] {dino} .72 sm l

[10:01] {Threei} ok, QID 23 recross long if holding above .90

[10:02] {strider} recross what?

[10:02] {ese} out fitb .17 +.06

[10:02] {Threei} 23

[10:04] {Threei} a bit too sharp into resistance

[10:06] {Threei} ok, valid

[10:06] {Threei} Long Setup: QID 23 break if holding above .90

[10:07] {dino} esi

[10:07] {dino} missed

[10:08] {dino} good girl ash

[10:08] {ese} dino i'm thinkin 23 break on tsra

[10:09] {ese} i'll say

[10:09] {dino} ? long to 23?

[10:09] {dino} 22.50s

[10:09] {ese} break above 23

[10:09] {ese} 23.01

[10:09] {dino} ahh ok

[10:10] {ese} ahh hang on .75 may work

[10:11] {nemo} hurry up and wait market

[10:12] {Threei} after this QID play resolves one way or another, someone will have to tell me what setup I tried to play on it

[10:13] {nemo} DB

[10:13] {dino} stepping back

[10:13] {dino} we call that the all dayer vad

[10:13] {Threei} not a scalp for me

[10:13] {dino} es whats' your entry on tsra?

[10:14] {ese} nothing yet

[10:14] {dino} ok

[10:14] {ese} am now thinking L at .75

[10:15] {dino} watching trv, shaw, pru, rovi, mrvl here

[10:15] {ese} has to hold .50 though

[10:15] {dino} no go

[10:15] {ese} tsra now invalidated for me

[10:15] {dino} double bottom in making maybe on it

[10:16] {dino} cut ash .02 +.30

[10:16] {ese} nice one on ash

[10:17] {dino} ty

[10:18] {ese} looks like it could still go though

[10:18] {ese} thats a very very nice lookin bull flag

[10:19] {Threei} okay market... time to die

[10:19] {Threei} you fought well

[10:19] {dino} mkt got me out, not fighting it

[10:19] {strider} will you partial at 1:1 vad?

[10:19] {Threei} sure

[10:19] {Threei} or if it spikes through fast, a bit higher

[10:19] {Threei} sometimes QID does that

[10:20] {dino} shaw has gap around 25.80. yahoo states 25 in cash/share fwiw

[10:21] {ese} dino i've put a bstop in on ash at .11 small

[10:22] {dino} wow, idiot move, looking at acct dropping wondering why, i have all l from before vacation

[10:22] {ese} i like the way it's holding up

[10:23] {dino} ok

[10:23] {ese} is that the right symbol?

[10:24] {dino} allstate i was dumbass about

[10:24] {ese} ahhhhh it's just your acount .....dumb dumb dumb es

[10:25] {dino} have to start using postits, :)

[10:25] {dino} esi

[10:28] {strider} may be all day

[10:28] {fernp} stop still under .90, Vad?

[10:28] {dino} esi sm l .65 wide = pulp

[10:28] {Threei} it touched so close to 1:1 that can be trailed to under .95

[10:28] {Threei} kind of personal decision

[10:28] {fernp} thanks

[10:29] {Threei} chart allows for either

[10:29] {ese} ouch

[10:29] {ese} ok l esi .71

[10:29] {dino} ash sm l .01

[10:29] {ese} sm

[10:30] {ese} out esi .81

[10:30] {ese} +.10

[10:30] {dino} gj, i want a buck

[10:31] {Threei} feeling especially humble today dino?

[10:31] {dino} but of course

[10:31] {fernp} ty Vad

[10:31] {Threei} QID 1:1

[10:31] {Threei} half out, stop to under .95

[10:31] {ese} L ash .11 hit my bstop

[10:32] {Threei} don't go anywhere folks, this setup is something I want to discuss

[10:32] {ese} i'm just a small numbers guy dino

[10:32] {Threei} it's not your garden variety setup,

[10:32] {Threei} we rarely play that

[10:32] {ese} found my nich.......good enough for me

[10:33] {Threei} Market Internals update at 10:30amET

[10:33] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; decliners lead advancers by 5.3:1.

[10:33] {Threei} - NASDAQ volume 435M shares, about 23% below its three-month average; decliners lead advancers by 2.3:1.

[10:33] {Threei} - VIX index +3.3 to just over 25.50

[10:33] {ese} come on ash

[10:33] {Threei} CARBX Senator Nelson on CNBC states Cap & Trade will not pass Congress this session (Update)

[10:34] {ese} it's holding up amazing against the market

[10:34] {Threei} really} there is some piece of idiocy they do not intend to push through in a hurry?

[10:34] {ese} there she blows

[10:34] {dino} pcln breaking 50 sma

[10:35] {dino} tsra

[10:35] {ese} auch du miya.....ash

[10:35] {Threei} QID stop to under 23

[10:37] {dino} sm l ..05 tsra stop lod

[10:37] {strider} Vad when you buy on break of 23, e.g. 23.01, do you consider 1;1 at 23.10 or 23.11?

[10:37] {Threei} .10

[10:38] {ese} dino wheres your stop on ash

[10:38] {Threei} .11 would be exact number, but this is not a business of exact numbers

[10:38] {Threei} things have some slack

[10:38] {Threei} and since I prefer to err on a safe side...

[10:39] {dino} .73

[10:39] {ese} tks

[10:42] {dino} watching mrvl for gap fill arouind .75

[10:44] {ese} L fitb .0964

[10:44] {ese} accounting accuracy

[10:45] {nemo} no...you just like doing it

[10:45] {Threei} next portion 1 cent shy of 1:2?

[10:45] {Threei} lol

[10:46] {ese} lol

[10:47] {ese} out ash by the way .08 -.03 was driving me nuts ....don't know how dino puts up with it

[10:48] {strider} going into a range here, vad?

[10:49] {ese} hmmmm was up 600.00 in fitb....should have taken it.....less typing more trading

[10:49] {dino} stupid greed had .40 on tsra

[10:50] {dino} smaller size plays es

[10:50] {dino} hard stop it and let it trade

[10:52] {ese} ya i only had 500shs going there

[10:53] {dino} there you go, throw hard stop on and "no worries"

[10:53] {ese} speaking of greek......or is that greed. shoulda taken the 600 in fitb

[10:53] {dino} saw that

[10:54] {Threei} okay guys, quiet period,

[10:54] {Threei} so let's do two things

[10:54] {nemo} are we back to the opposable thumb conversation

[10:54] {Threei} first, for your visual pleasure, some fall photos

[10:54] {Threei} http://www.realitytrader.com/photography/

[10:55] {ese} whadaya mean quite..........i'm screaming GO FITB GO!!!!!! it's deafining on this side

[10:55] {Threei} lol

[10:56] {nemo} beautiful area

[10:56] {dino} and i'm kicking esi

[10:57] {_Les__} you're a hopeless romantic Vad :). Europe is visually stunning too right now.

[10:57] {dino} old joke, use european in sentance

[10:58] {Threei} romantic eh... this is something I hear once a decade

[10:58] {_Les__} what, from your wife or your students?

[10:58] {ese} gripping chair.....finger marks in upostery.......face turning red........absolute eminating from body motions

[10:58] {ese} terror eminating

[10:58] {dino} "excuse me, euro-peeing in my car"

[10:59] {ese} ahhhh i'm up.....thinks are fine now

[10:59] {ese} things

[10:59] {dino} cmi drop

[10:59] {dino} 4 bucks

[11:00] {Threei} okay, let's get back to that chart

[11:00] {Threei} but instead of QID look at whatever you use for NASDAQ

[11:00] {Threei} NQ, QQQQ

[11:01] {Threei} long call on QID is a short call on NASDAQ,

[11:01] {Threei} and looking at NASDAQ chart,

[11:01] {Threei} see the C&H on 1 min?

[11:01] {Threei} from 9:43 to 10:12

[11:02] {dino} esi vad

[11:02] {dino} getting close

[11:03] {Threei} anyone's alive or\ I am talking to myself?

[11:03] {fernp} I see the C&H, the one that never broke .15

[11:03] {_Les__} Vad, handle is small ascending triangle 10:03 - 10:12?

[11:03] {strider} I' m listening

[11:03] {nemo} yeah.

[11:03] {Threei} yes

[11:03] {Threei} short call on this chart is FAILURE of the C&H

[11:04] {Threei} failutre of this setup is break of the handle's low

[11:04] {Threei} and failure of the setup is a setup too

[11:04] {Threei} now, C&H is sometimes easier to see than inverse one

[11:04] {ese} lovely ...i'm up 3.49 cents

[11:04] {Threei} that's why I suggested to look at NASDAQ instead of QID

[11:05] {Threei} going back to QID, you can see invsrted C&H,

[11:05] {Threei} with handle "bottom" being broken at 23

[11:06] {Threei} to polish the setup, have a look at volume formation:

[11:06] {Threei} volume on second rise to the rim is lower than on first,

[11:07] {Threei} there is some volume increase to the bottom of the cup,

[11:07] {Threei} handle touches the rim on ever-decreasing volume

[11:07] {Threei} Just wanted to go over this since it's not every day's setup and is a tad more sophisticated than most

[11:07] {ese} hmmm would have never seen that vad

[11:08] {ese} agreed

[11:08] {Threei} Original idea comes from my strong convition that we are seeing simple bounce

[11:08] {Threei} so I was on a lookout for some fake raly attempt

[11:08] {Threei} that wouyld fool bulls

[11:08] {dino} stop esi .43, +.78

[11:08] {nemo} qid popping as you write

[11:09] {Threei} and failure of some of traditional setups is just perfect

[11:09] {ese} and so is ash......nice one dino

[11:09] {dino} ash to flat

[11:09] {dino} lucky, but thx

[11:10] {dino} ash reminds me of woodpecker joke

[11:10] {ese} ?

[11:11] {nemo} dino on a roll today

[11:11] {ese} yes he is

[11:11] {ese} joke?

[11:11] {dino} woodpecker says to his depressed woodpecker buddy, "you know what you need, a nice piece of ash"

[11:11] {_Les__} Vad, was volume key to failure?

[11:12] {ese} riiiiiiiiiiiiight

[11:12] {Raven} sigh

[11:13] {Threei} one of pieces to the mosaic

[11:14] {ese} well.........i guess the joke could have been a raven

[11:14] {nemo} nah

[11:15] {ese} ya......your right

[11:15] {dino} lol

[11:15] {Threei} now QID itself forms C&H

[11:15] {dino} thats what you hearwhen you have logger friends

[11:16] {dino} esi holds well

[11:16] {ese} was just looking at that.....almost same pattern as ash

[11:17] {ese} was thinking long at .60

[11:18] {dino} cmi strange, they luved it now hate it. beat and raised

[11:18] {ese} how long will you let ash trade dino

[11:18] {ese} you got a target

[11:18] {dino} all day unless stop hits

[11:18] {dino} 35

[11:19] {ese} fitb puts in higher low

[11:19] {dino} damn distracted cmi goes .550

[11:19] {ese} this is longer than i would normally hold this.....but it's holding up well as well

[11:19] {dino} w/o me

[11:20] {ese} higher low on the 1 min chart by the way

[11:24] {dino} cmi weaiting at .50

[11:24] {dino} waiting

[11:24] {ese} this is almost funny except for the fact that this is a serious business being up 3.49cents with the # of k's i have riding on this

[11:24] {strider} out 2nd part QID

[11:24] {Threei} QID 1:2, 1/4 more out

[11:24] {fernp} Vad, what is there in the third pic? is a flower, an insect?

[11:24] {dino} gj

[11:25] {dino} ash out flat

[11:25] {Threei} a berry

[11:25] {strider} Vad does it make sense to hold a little QID for serious market tanking?

[11:25] {Threei} one you get after wild rose bloom is over

[11:25] {dino} tsra to .99

[11:25] {Threei} [11:24] {Threei} QID 1:2, 1/4 more out

[11:25] {Threei} this is what I do

[11:26] {Threei} HGSI ignores market

[11:26] {_Les__} berry is called a rose hip - http://en.wikipedia.org/wiki/Rosehip

[11:27] {strider} So you hold part of the last 1/4?

[11:27] {Threei} that's it, thank you

[11:27] {Threei} holding last 1/4

[11:27] {strider} k

[11:27] {Threei} what's the deal with no one understanding what I say last couple days... did my English get worse?

[11:28] {Threei} nah, can't be, it was rock bottom as it was

[11:28] {ese} ddaaaaaaaaaaa!!! get up there fitb

[11:28] {strider} I was wondering if you sometimes hold part of the last 1/4 for more than 3:1

[11:30] {_Les__} Isn't Lari supposed to be policing your english? she been MIA since I signed on..

[11:30] {Threei} depends on origional number of shares

[11:30] {ese} larisa...hmmmmmm good question

[11:31] {Threei} if it's not a lot, I maay just hold last 1/4 andf trail the stop

[11:31] {Threei} if a lot, may partial more

[11:31] {dino} who are you the cat in the hat

[11:34] {dino} cmi sm l .00

[11:35] {dino} stop is .67

[11:35] {Threei} 1:3

[11:35] {Threei} make your decision, to exit in full or to trail to under .10

[11:35] {dino} tsra stopped -.06

[11:37] {dino} stopped cmi, mkt got me

[11:37] {Threei} 1:4

[11:37] {Threei} if trailing, stop to under .20

[11:37] {Threei} I am out

[11:37] {strider} out last +.41

[11:38] {strider} thx Vad

[11:38] {Threei} +.44

[11:38] {Threei} was it a beauty or was it a beauty

[11:38] {dino} wtg

[11:38] {Threei} ty

[11:38] {strider} A good lesson in patience for me.......patience, are you there? :)

[11:39] {dino} gaps ndx 1682, s/p 1042

[11:39] {strider} 1 hr. 35 min. trade

[11:39] {Threei} speaking of phootgraphy... new lens on the way, ultrawide angle

[11:39] {Threei} whole new way to see the world

[11:39] {Threei} can't wait

[11:40] {strider} Ultrawide...isn't that a Harley?

[11:40] {Threei} no

[11:40] {_Les__} fish eye! like what 8mm, 16mm?

[11:40] {Threei} not fisheye

[11:41] {Threei} 9-18 mm... in 35mm terms. 18-36

[11:42] {nemo} apol holding today dino

[11:42] {Threei} anyone but strider took whole QID move?

[11:42] {dino} watching it for esi

[11:43] {Threei} 40 cents is darn nice one on a slow day

[11:43] {dino} wed gaps on stocks are filling

[11:43] {Threei} but the best part of this play is setup itself

[11:43] {strider} HIG?

[11:43] {dino} tsra rinsed

[11:43] {Threei} it's so evilishly sophisticated

[11:43] {Threei} HIG forms breakdown

[11:44] {_Les__} in 35 mm terms? U using large/medium format camera?

[11:44] {dino} ghoulishly for the season

[11:44] {Threei} no

[11:44] {Threei} just using 35 reference for unifying the terrms

[11:45] {Threei} with all the different crops of today's sensors, need something standard to make sure we speak of the same thing

[11:45] {Threei} Short Setup: HIG .50 break

[11:45] {Threei} if stays under .85

[11:45] {Threei} .65

[11:46] {strider} crap

[11:46] {nemo} looked at mirc

[11:46] {Threei} 1:1

[11:46] {strider} how'd you get that?

[11:47] {Threei} limit .47, hit when .50 started melting, got .48

[11:48] {nemo} hah

[11:48] {nemo} fcx did the straight 45 degree up yesterday, doing the opposite today

[11:49] {Threei} btwm last photo on that page is one of rare cases when I am totally hapy with everything, hit all I wanted just right

[11:49] {Threei} colors, composition

[11:49] {Threei} direction of the shade

[11:49] {Threei} I mean this one

[11:49] {Threei} http://www.realitytrader.com/photography/uploaded_images/Backyard-party3-739608.jpg

[11:52] {nemo} aapl crashed

[11:52] {_Les__} U like form and shape do you? so do i

[11:53] {Threei} whoa

[11:53] {Threei} QID 1:7

[11:53] {Threei} that's beyond what I expected

[11:54] {nemo} quite the retracement of yesterday

[11:54] {nemo} low volume though

[11:54] {Threei} almost all of it

[11:54] {_Les__} so this is bounce or post bounce reversal? The new trend in?

[11:54] {Threei} yeah, I whish we had more volume today

[11:54] {fernp} you still in QID, Vad?

[11:54] {Threei} would givbe me more confidence in downtrend continuation

[11:55] {Threei} no fern, sold .44

[11:55] {nemo} we also talked about the aggravating sideways grind that would piss off the most people

[11:55] {dino} ndx filled

[11:55] {Threei} I doubt it's an option for the next week

[11:56] {Threei} I feel we will have some resolution

[11:56] {Threei} too much tension in the air

[11:56] {Threei} if we make new low today, it will start smeling like a quick nasty crash

[11:58] {Threei} well well well

[11:58] {Threei} guess who is on TV

[11:58] {nemo} Emily Watson?

[11:59] {Threei} wow

[11:59] {Threei} getting deeper nemo

[11:59] {nemo} I switched back today

[11:59] {dino} tsra holds the bottom well es

[11:59] {Threei} good

[11:59] {Threei} you mean I can accept a scotch from you wihout being extracareful?

[11:59] {nemo} remember...Barney's my Congressman

[11:59] {dino} shaw july gap

[12:02] {dino} history channel, hallooween

[12:03] {strider} celts & druids?

[12:05] {dino} yes

[12:05] {nemo} when it on?

[12:05] {strider} AMZN dbl bottom

[12:05] {dino} better than cnbc

[12:05] {strider} whoops.

[12:05] {dino} now nemo

[12:05] {nemo} oh

[12:06] {dino} cmi sm l .75

[12:06] {dino} stop .43

[12:07] {strider} 7% in DC betw.40-49 have HIV/AIDS

[12:07] {dino} tsra sm l .00, stop lod

[12:08] {ese} out fitb .13 +.03 and a bit

[12:09] {ese} i'm takin my 600.00 and be done with it

[12:09] {dino} gj

[12:09] {Threei} yours eh

[12:09] {ese} tks

[12:09] {Threei} let me tell ya

[12:09] {Threei} a few seconds ago it was someone's 600

[12:10] {ese} definitely....was wondering what the H was going on there

[12:10] {strider} good trades dino

[12:10] {_Les__} hey, where's my money gone on fitb?? :P

[12:11] {Threei} lwet it be a lesson... do not trade against ese

[12:11] {_Les__} a sucker born every minute. I'm shimmying up the grease pole so I'm no longer bottom of the pile...

[12:11] {_Les__} learning to shimmy

[12:14] {strider} RIMM short?

[12:14] {fernp} out here FITB from. 9.06 :)

[12:14] {Threei} hard to tell

[12:14] {ese} nice one fern

[12:15] {fernp} ty

[12:15] {Threei} if market drops sharply and RIMM gives little delay, yes, I'd go for it

[12:15] {ese} it just exploded up there

[12:15] {Threei} otherwise, no

[12:15] {strider} thx

[12:15] {Threei} (US) SEC Staff: changes the price used for oil and gas reserves

[12:15] {Threei} huh?

[12:15] {Threei} what does it mean?

[12:16] {Threei} (US) SEC Staff: issues new accounting rules for oil and gas reserves, removes exclusions for oil sands and shale gas (related USO )

[12:16] {Threei} ok... more clear

[12:16] {Threei} Market Internals update at 12:00pmET

[12:16] {Threei} - NYSE volume 390M shares, about 20% below its three-month average; decliners lead advancers by 7.4:1.

[12:16] {Threei} - NASDAQ volume 875M shares, about 13% below its three-month average; decliners lead advancers by 2.8:1.

[12:16] {Threei} - VIX index +9% to just over 27.00

[12:17] {dino} rimm entering that big gap area 48--58

[12:18] {fernp} Why have I sold FITB at .17?

[12:19] {fernp} another sleepless night....

06[12:19] * strider slaps fernp around a bit with a large trout

[12:19] {Threei} lol

[12:19] {nemo} big bid on rimm @ .23

[12:19] {nemo} eh, nevermind

[12:19] {ese} because......theres more where that came from another day

[12:20] {ese} you can bet the pros are selling into that run fern so might as well be doing it as well

[12:20] {ese} you

[12:20] {fernp} yeah, was my 1:2

[12:21] {Threei} beautiful setup you found guys

[12:22] {Threei} (almost as good as my QID)

[12:22] {ese} once your out of the mind set of....damn look at how much more money i could have made your fine

[12:22] {fernp} almost

[12:23] {ese} thats maybe the biggest thing i had to learn here........and i lucked out today.....i know this tock but still

[12:23] {ese} first opportunity.....was gone

[12:26] {Threei} sharp markety drop took RIMM with it but without little delay for entery

[12:26] {dino} out cmi .04, +.29

[12:26] {nemo} nice spelyng

[12:26] {dino} out tsra .15, =.15

[12:26] {Threei} DJI -173

[12:26] {dino} +

[12:26] {Threei} was what, about +205 yesterday?

[12:27] {dino} 9762 was wed close

[12:28] {Threei} -200

[12:28] {ese} need rimm to get down to 48/50

[12:28] {Threei} beautiful

[12:28] {nemo} 199

[12:29] {ese} 58.13 and it's gone rimm

[12:30] {strider} ese, is DRYS where you want it?

[12:30] {Threei} GERN Reaches Agreement on Clinical Hold with FDA

[12:30] {Threei} -announced the companys plan to advance clinical development of its human embryonic stem cell (hESC)... (6.18, +0.41, 7.11%) more...

[12:30] {Threei} announced the companys plan to advance clinical development of its human embryonic stem cell (hESC)-based product, GRNOPC1, for the treatment of spinal cord injury. The plan is expected to enable Geron to re-initiate the Phase I clinical trial of GRNOPC1 in patients with complete thoracic spinal cord injury and to support future expansion of the trial to patients with cervical injuries.

[12:31] {ese} nope not yet

[12:31] {ese} but i've been dabbling on the way down

[12:31] {ese} just in case

[12:33] {ese} i'd like to see it around 5.50 although it may not get there

[12:34] {ese} was in and out with 20k yesterday for +.13

[12:35] {strider} How long have you been trading?

[12:35] {dino} es like 60 years

[12:35] {ese} not long enough with vad......had i met him 10 years ago it would be my full time occupation

[12:36] {Threei} yeah, I was handsome man back then

[12:36] {Threei} oh wait... that's not what you mean

[12:36] {_Les__} 20k ese. Risk management?

[12:36] {nemo} huh?

[12:36] {nemo} who's switch hitting today?

[12:36] {ese} 2% max any day

[12:37] {nemo} rimm coming into resistance

[12:38] {_Les__} ok. trying to work out profitable means of applying 10G, but obeying for 1st time Vad's law of risk management

[12:39] {dino} shaw sm l .60

[12:42] {Threei} Iraqi Immigrant on the Run, Accused of Running over His daughter Because he Thought She Was Too Westernized

[12:43] {nemo} yeah...saw that this morning

[12:43] {Threei} Just how screwed up one must be to do this?

[12:43] {dino} messed up

[12:43] {nemo} Sharia Law...they can kill their wives and daughters under certain circumstances

[12:43] {dino} they use religion to keep their people down

[12:44] {ese} there are numerous risk management ideas les.....for me i cut it off if i loose 500.00 in any one day

[12:44] {nemo} It's their code

[12:44] {strider} HIG forming c&h

[12:45] {dino} some day the wives and daughters will organize and give some back

[12:45] {strider} pointy

[12:45] {ese} even though my 2% is between 15k and 25k

[12:45] {nemo} only, maybe, if there here, but Islamic communities are growing...Hell, the Brits decided Sharia must be considered in legal cases

[12:46] {dino} you want to stop this nonsense, tax it.

[12:47] {strider} HIG vad?

[12:48] {dino} drop

[12:48] {_Les__} honour killings different from Sharia law

[12:48] {dino} breaking support

[12:48] {KSystems} next leg

[12:49] {nemo} my timing totally off today

[12:49] {ese} was that story from canada vad?

[12:49] {strider} missed againt

[12:49] {strider} again

[12:49] {nemo} Arizona I thinnk

[12:49] {dino} shaw out flat

[12:50] {ese} because we just had one from down east......where the son and the father drove daughters and cousins into a canal and drown them

[12:51] {_Les__} AIG looking for further b/d

[12:52] {strider} missed the trigger.

[12:53] {nemo} apol finally dropped

[12:54] {Threei} I am not sure what you were looking for in HIG strider

[12:54] {Threei} you said C&H

[12:54] {_Les__} oops. AIG found support

[12:54] {_Les__} and buying volume

[12:55] {strider} cup from 11:57 to 12:29

[12:55] {strider} support of 12.265

[12:55] {Threei} oh, you mean inverse c&h

[12:55] {strider} cup was pointe.

[12:55] {strider} well, yeeeeeeessssssss

[12:56] {Threei} As if it's understood by default, lol

[12:56] {strider} Coffee hadn't been poured yet.

[12:56] {strider} so solly

[12:56] {strider} It worked, too...but once again, I missed the boat.

[12:57] {strider} I've madee a lot of theoretical money today.

[12:58] {strider} Going to the theoretical bank later.

[12:58] {dino} lol

[12:59] {Threei} where is magoo

[12:59] {Threei} I got AIG play for him

[12:59] {Threei} double bottom off .50 is dives closer to it

[12:59] {dino} what do you think, b-day finish

[12:59] {dino} feels like it

[13:00] {strider} b-day?

[13:00] {dino} -317

[13:00] {ese} maybe he thinks you don't care vad.....you know how sensitive he is

[13:01] {Threei} sensitive magoo?

[13:01] {Threei} now, that's image I need a hot iron to burn out of my mind

[13:01] {ese} lol

[13:02] {strider} where do you place a stop on the magoo dbl bottom, vad?

[13:02] {Threei} I am scared to answer that

[13:02] {Threei} Long Setup: AIG .60 break if stays above .50

[13:02] {dino} he took his son mx racing

[13:03] {nemo} what setup is this Vad? higher low

[13:03] {Threei} double bottom with higher low

[13:04] {Threei} not a scalp for me

[13:04] {Threei} 1:1

[13:04] {Threei} with any market help should be good for something above .90

[13:04] {dino} shaw again, sm l .50

[13:06] {strider} hey bk:)

[13:06] {bkhmd} hey Stride hey all

[13:06] {Threei} bk :)

[13:07] {Threei} missing good days

[13:07] {bkhmd} yes had to travel for work

[13:07] {bkhmd} today is good trading?

[13:07] {Threei} yup

[13:08] {bkhmd} wow what happened to the DOW? lol

[13:08] {fernp} missed AIG, Vad. valid entry if returns to .61?

[13:08] {strider} long shaw, .47

[13:08] {bkhmd} mostly short plays today or bounces?

[13:08] {Threei} not sure fern

[13:08] {Threei} both bk

[13:09] {Threei} short was the biggest

[13:09] {bkhmd} k i will grab the next set up

[13:09] {dino} eyes on esi

[13:10] {ese} fern.....theres the reason you did the right thing with fitb

[13:10] {Threei} CIT WSJ: Icahn will provide $1B back up line; will agree to standstill agreemenet (0.81, -0.14, -14.84%)

[13:11] {Threei} half out AIG

[13:11] {fernp} wow!, ty ese

[13:12] {ese} could be a brutal month november.....if the month goes out like this it's usually the pre curser for the next month.......is that correct?

[13:13] {Threei} no

[13:13] {dino} not this month, started 9 of 12 down from end of sept

[13:13] {dino} imo means nothing (yet)

[13:14] {ese} i'd read that somewhere...don't remember....

[13:14] {Threei} would be too easy

[13:14] {ese} althought reading 250 trading books made me no money until hooking up with you all

[13:14] {Threei} look at the last day of the month, go in that direction for the next 29 days

[13:15] {Threei} if such things worked...

[13:16] {dino} es 09-23-09- 9917, 1754, 1080; 10-02-09- 9484, 1662, 1019

[13:16] {dino} and cramer still talking how eom markups happening, not!

[13:17] {ese} went to Russells used books here a year ago and gave them 203 trading books in exchange for $125.00 credit.....that should tell you something

[13:18] {ese} kept the other 47 or so for historical reference

[13:19] {dino} trv sm l .50

[13:19] {ese} each of those books was easily over 50.00 average easilly........only have vads and one other on my trading desk now

[13:20] {dino} i still have 20

[13:20] {Threei} one other is Marx's Das Capital of course?

[13:20] {nemo} Das Kapital

[13:20] {ese} never read that one

[13:21] {nemo} I remember going to East Berlin before the Wall fell.

[13:21] {dino} or so. but the only ones that mattered, trading in the zone, vad's, and reminisses of stock operator

[13:21] {nemo} Bought an East German Economics text

[13:21] {Threei} ok... Decameron's Bocaccio then

[13:21] {nemo} First line: "Capitalism stinks, it's parasitic, and foul"

[13:22] {Threei} signed: Michael Moore

[13:22] {ese} i bought a book in Denmark......."how to drink heavily in 12 easy steps"

[13:22] {dino} and way of the turtles first half

[13:22] {_Les__} Nothing wrong with Marx's theory on Capital. He understood it well. Marx's "communist manifesto" has less oomph today

[13:23] {dino} whats wrong is assuming there is a better system

[13:23] {nemo} Mix human ego in with utopian thinking

[13:23] {Threei} yeah... as someone who actually lived in the country built on his ideas, I could list endless ways in which it was wrong :)

[13:24] {ese} agreed....thats why drinking your way through any system works well

[13:24] {_Les__} I don't confuse his understanding of capitalism and his theory of communism...

[13:24] {Threei} well, you can't separate them

[13:24] {Threei} his whole work is built on the contrast

[13:24] {Threei} this is what is wrong with capitalism, and this is how to fix it with communism

[13:25] {strider} AIG rinse

[13:25] {nemo} no rinse...just stopped

[13:25] {strider} multi-cycle rinse

[13:25] {Threei} to be precise, second half stopped breakeven

[13:26] {nemo} Now we have fasciscm run by a socialist President/Congress

[13:26] {Threei} first is out after 1:1

[13:26] {Threei} follow the routine guys

[13:26] {Threei} this is how we play them

[13:26] {Threei} never turn 1:1 play into loss

[13:26] {nemo} yes Vad...rinse is Dino's term for Vad's "rude"

[13:27] {Threei} it's still under

[13:27] {Threei} thus it's not a rinse and not rude

[13:27] {Threei} yet

[13:27] {nemo} I was commenting on the term

[13:27] {Threei} now... if it bottoms out here and goes to 35

[13:27] {Threei} that will be rude

[13:27] {nemo} that's rude

[13:27] {strider} dino you still in shaw?

[13:28] {dino} y

[13:29] {ese} Mabon Teenie Hodges said it best with a tune he co wrote with Al Green. called "Take Me Too The River" I don't why you treat me like you do.......with all of the changes that you put me though..You took my money and my cigarettes and i haven't hide nor hair of you yet.......I wanna know etc etc....Chorus....Take me to the River.....and wash me doown.......ou

[13:29] {ese} seen befor "hide"

[13:30] {nemo} took aig for a scalp under .40

[13:30] {nemo} +10

[13:30] {nemo} .10

[13:30] {nemo} 10 I'd go home

[13:30] {nemo} Vad, you haven't asked today?

[13:31] {strider} amgn big rude rinse

[13:31] {Threei} no

[13:32] {dino} shaw out +.05 trv out -.20 don't like drop

[13:32] {strider} amgn continues

[13:32] {strider} or not

[13:33] {fernp} Vad, when the trade is a "not a scalp for me" type :-). After hit 1:1, stop is raised to the entry point, or to a "tested" support level under our entry point?

[13:33] {fernp} you did that with QID this morning

[13:34] {Threei} fern, routine procedure:

[13:34] {Threei} 1:1, half out, stop to b/e

[13:34] {Threei} 1:2, 1/4 more out

[13:34] {bkhmd} Fern I have same question but didnt want t o get Fish on face

[13:34] {bkhmd} lol

[13:34] {dino} 400 pts has been normal pullback dji, we are there

[13:34] {fernp} ok. keep it simple

[13:35] {bkhmd} thanks for clarification

06[13:35] * nemo slaps bkhmd around a bit with a large trout

[13:35] {bkhmd} I learn someting new here every day

[13:35] {bkhmd} thanks nemo

[13:35] {bkhmd} First day on board i learn how to slap somoene in face with trout

[13:36] {fernp} FITB capitulating

[13:36] {bkhmd} second day i learned had to be here 3 years b4 I can slap

[13:36] {Threei} hmmm

[13:36] {dino} lol

[13:36] {Threei} who told ou that?

[13:36] {Threei} slap him right now

[13:36] {nemo} ahh...kinda' like Social Security...raising the age

[13:36] {bkhmd} 3rd day i learned People dont like caps in name

[13:36] {bkhmd} lo

06[13:36] * strider slaps bkhmd around a bit with a large trout

[13:37] {nemo} why did trout become the fish of choice?

[13:37] {bkhmd} smells better?

[13:37] {dino} trv sm l .10

[13:37] {nemo} you ever sniff trout?

[13:37] {bkhmd} of course ow else would i know if fresh?

[13:38] {dino} had them laying in hunt club driveway

[13:38] {dino} dam broke

[13:38] {bkhmd} my guess would be not so fresh

[13:38] {bkhmd} lol

[13:38] {bkhmd} GLD wanted to make a move but then stalled

[13:39] {bkhmd} does GLD usually travel against the general market?

[13:39] {Threei} no, not lately

[13:39] {Threei} mostly moves with market

[13:39] {Threei} and both move against USD

[13:39] {dino} cmi sm l .65

[13:40] {Threei} but I feel for a while they will decouple soon

[13:40] {dino} too soon

[13:40] {dino} gld contrary $ lately

[13:40] {bkhmd} Vad what are you using to track the dollar? compared to which currenc

[13:40] {bkhmd} currency

[13:40] {nemo} uup

[13:40] {Threei} UUP

[13:41] {dino} extrapolate, $ is contrary to gold and stocks lately

[13:41] {nemo} read your mind Vad...disgusting

[13:41] {Threei} I don;t care about other currenies... except CAD which I want to drop dead

[13:41] {Threei} that would be FXC

[13:41] {dino} tsra holds well here es

[13:42] {dino} darn shaw tricked me

[13:43] {nemo} might want to partial cmi here dino

[13:43] {strider} +.10 trv, thanks, dino

[13:44] {dino} np

[13:44] {dino} sm nemo, want .30-.55

[13:44] {dino} should get to .15

[13:44] {dino} pattern

[13:44] {nemo} greedy long on a day like today? call you magoo

[13:44] {dino} trv should get to .50

[13:45] {dino} big difference, i'm trading 300-400 only

[13:46] {strider} HIG forming yet another REVERSE c&h

[13:46] {dino} plus nemo, i use hard stops

[13:47] {dino} cmi to b/e

[13:48] {strider} looks fore like a dbl bottom, hig?

[13:48] {strider} more

[13:49] {fernp} HIG in lunchtime is not a god candidate IMHO

[13:49] {dino} almost 2:00 pm

[13:49] {nemo} he must be mountain time

[13:50] {fernp} yeah!!!, we moved back clocks last saturday

[13:50] {fernp} GMT+1

[13:50] {nemo} not as dumb as I look...

[13:51] {nemo} then again...nobody could be THAT dumb

[13:51] {nemo} Just call me "Agarn"

[13:51] {dino} rovi holds well

[13:51] {dino} intc too

[13:51] {dino} mrvl

[13:54] {fernp} FITB breakdown?

[13:54] {dino} out cmi .85

[13:55] {dino} +.20, sometimes i expect too much nemo

[13:55] {Threei} I am hesitatnt to continue playing short side fern

[13:55] {nemo} broken clock moment, dude

[13:55] {dino} lol

[13:55] {Threei} odds become increasingly worse

[13:56] {nemo} yeah, shorts are probably going to want to cover for the weekend

[13:56] {Threei} well, this logic I don't buy

[13:56] {fernp} yes i think so nemo

[13:56] {nemo} Why, they making good money today

[13:56] {Threei} yes... but

[13:56] {dino} pru gap close to filled

[13:57] {nemo} but...but...but...but...

[13:57] {Threei} to know what is more likely, shorts wanting to cover or longs wanting to get out

[13:57] {Threei} and which side will overpower the other

[13:57] {Threei} you need to know the disbalance

[13:58] {nemo} so flat for the rest of the day?

[13:58] {Threei} and if you or anyone can come up with the way to do that... Bill Gates will be your doorman

[13:58] {nemo} Let me get the chicken...

[13:58] {Threei} why flat?

[13:58] {Threei} my point is,

[13:58] {nemo} Where are those crystals?

[13:59] {Threei} whatever happens at the close,

[13:59] {Threei} the logic who is going to get out is not going to help you figure it out

[13:59] {Threei} It's false logic

[13:59] {Threei} it works only in one case:

[14:00] {Threei} when you have some strong reason to read the disbalance

[14:00] {Threei} as in:

[14:00] {Threei} longs piled up hugely,

[14:00] {Threei} there are way too many of them

[14:00] {Threei} or shorts leaned in too strongly

[14:00] {Threei} and it's not like this kind of things is obvious all the rtime

[14:00] {Threei} or even often

[14:01] {Threei} it's rare cases when you get clear read on such disbalance

[14:01] {Threei} otherwise calling reversals would be easy

[14:01] {Threei} see my point?

[14:01] {nemo} yes

[14:01] {dino} so nemo, in regards to the close or monday for that matter, you make me think of trading w/the zone, the only rule you need to get from the book, is this; "anything can happen"; therefore, no worries

[14:01] {fernp} shorted small shares FITB at .93 w/stop above .95, so I am not nervous with my position :)

[14:02] {Threei} lol fern

[14:02] {Threei} that's what I call extreme risk control

[14:02] {fernp} and easy 1:1 lol

[14:02] {Threei} rofl

[14:02] {fernp} just letting trade

[14:02] {nemo} probably cost you more to trade a share than the stop

[14:03] {ese} nnnnooooooooo rimm........you can't recover.........auch du miya

[14:04] {nemo} I almost went short at .30 about 10 minutes ago, before Vad piped up...

[14:04] {dino} affy

[14:05] {Threei} on what nemo? RIMM?

[14:05] {nemo} yes

[14:05] {nemo} CMI rinse Dino

[14:06] {nemo} it peaked above S3 then dropped and came up again on lower volume and then dropped to .15

[14:06] {dino} well, made .20 on it, but i chickened out

[14:06] {fernp} stopped FITB. I've reached my maximun daily loss :-)

[14:06] {Threei} lol

[14:06] {Threei} some recovery in progress

[14:07] {Threei} Long Setup: AIG .25 brak

[14:07] {Threei} if stays above .15

[14:08] {ese} outta here for the weekend....take care all see you in november

[14:08] {Threei} take care ese

[14:08] {ese} see ya vad

[14:08] {fernp} bye ese

[14:08] {dino} cya es

[14:08] {ese} dino fern

[14:08] {bkhmd} later ese

[14:09] {Threei} invalidated

[14:10] {fernp} HIG 24.50 break?

[14:10] {nemo} market backing off

[14:11] {nemo} Rimm coming up on VWAP just @ .72, could be a turn

[14:11] {Threei} not sure about HIG

[14:11] {Threei} Market Internals update at 2:00pmET

[14:11] {Threei} - NYSE volume 720M shares, about 5% above its three-month average; decliners lead advancers by 14.2:1.

[14:11] {Threei} - NASDAQ volume 1.51B shares, about 4% above its three-month average; decliners lead advancers by 4.1:1.

[14:11] {Threei} - VIX index +24.5% to just under 31.00

[14:22] {nemo} apple forming .20 range

[14:29] {nemo} V C&H

[14:30] {Threei} if market establishes upward direction, could be a pretty one

[14:31] {nemo} see saw right now

[14:35] {Threei} this smackdown is perfect illustration of how setup turns into trap when played against the market

[14:36] {dino} rinse market

[14:36] {fernp} was thinking the same watching V

[14:46] {dino} pru sm l .50

[14:54] {patience} .

[14:54] {Threei} Long Setup: AIG .05 break

[14:54] {Threei} if stays above .90

[14:55] {dino} lol, howards simons on real $; white house trumpeting the saving of 650,000 jobs; by similar logic i am responsible for saving the virginity of 30 million women

[14:55] {fernp} lol

[14:55] {nemo} I would have thought more in your case Dino

[14:56] {Threei} I'll take responsibility to 30 mil more dino

[14:56] {nemo} saving it Vad, not despoiling

[14:56] {Threei} between two of us, we are good humanitarians

[14:56] {dino} :)

[14:57] {nemo} volatility thy name is AIG

[14:57] {Threei} yeah

[14:57] {fernp} invalidated, no?

[14:57] {Threei} some nervous jumps everywhere

[14:57] {nemo} evil "they" manipulating the stock

[14:57] {Threei} let's better try to catch pullback

[14:58] {Threei} break is way too dangerous

[14:58] {fernp} too random and friday... Have a nice weekend everybody. See you all on monday.

[14:58] {Threei} have a good one fern

[14:59] {Threei} I'll have to leave in 30 min too to catch that torch

[14:59] {bkhmd} later fern

[14:59] {nemo} oil down $3..must be supply/demand

[15:00] {strider} are we waiting to catch a pullback? If so where?

[15:01] {Threei} I'll tell if I see it

[15:01] {strider} :)

[15:02] {dino} cya fern

[15:04] {Threei} RIMM is not dropping with market

[15:05] {Threei} gave up now

[15:05] {Threei} shorts are not in hurry to cover eh?

[15:05] {Threei} -270

[15:06] {nemo} nope...thought you didn't believe in that?

[15:06] {Threei} how's that for a bounce smackdown

[15:06] {Threei} nemo, are you completely misreading what I say or what

[15:06] {Threei} what in this made you think I believbe in it now?

[15:12] {nemo} of course...

[15:14] {nemo} frickin rimm

[15:19] {Threei} nice bounce but didn't give clear setup worth the risk

[15:19] {nemo} no

[15:24] {ese} logged in to see what was going on.....had a class cancelled.

[15:25] {Threei} because of onlympic torch??

[15:25] {ese} hmmmm maybe

[15:27] {dino} not much es

[15:29] {dino} esi sm l .75

[15:32] {Threei} okay guys... honestly, don't want anymore trade in this nervous close, it's been somewhat exhausting week

[15:32] {Threei} I believe we handled it well

[15:32] {nemo} PPT should show up at any time

[15:32] {Threei} with some days hitting 100%,

[15:32] {nemo} you had a good week

[15:32] {Threei} and generally staying on winning side except of Monday I think

[15:33] {nemo} that was flat I think

[15:33] {Threei} unless my memory fails

[15:33] {Threei} yeah, last week we had couple losing days, you are right

[15:33] {Threei} going to try and catch that torch now,

[15:33] {strider} I would be doing OK, if I can just get my executions right.

[15:33] {Threei} you have youreselves a good relaxing weekend

[15:33] {dino} wtg vad

[15:33] {strider} Still flubbing things a bit.

[15:33] {dino} u2 bro

[15:33] {Threei} ask for help next week strider?

[15:33] {bkhmd} take care Vad thanks for the lesson

[15:34] {strider} yeah.

[15:34] {Threei} if there are questions we will answer them all

[15:34] {dino} have 3 to get rid ofyet

[15:34] {Threei} wow dino... don't lose track of time :)

[15:34] {strider} I think I know what to do...just get flustered sometimes on fast stocks.

[15:34] {Threei} see you all on Monday!

[15:34] {strider} See ya.

[15:34] {bkhmd} good weekend

Oct 29 2009

That was not overly active but nicely profitable day. 5 calls, 5 wins - JNPR, CAT, FITB, HGSI, AMZN - everything danced just right. Market bounced just as yesterday's forecast had it.

Session Time: Thu Oct 29 00:00:00 2009

[07:26] {KSystems} Morning

[08:30] {Threei} Thursday, October 29, 2009 8:30:02 AM

[08:30] {Threei} *Q3 ADVANCED GDP PRICE INDEX: 0.8% V 1.4%E

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 530K V 525KE; CONTINUING CLAIMS: 5.797M V 5.905ME

[08:30] {Threei} *Q3 ADVANCED GDP PRICE INDEX: 0.8% V 1.4%E; CORE PCE Q/Q: 1.4% V 1.4%E

[08:34] {nemo} market seems to like that report

[08:35] {Threei} not sure why but market is simply ready for bounce... it would have liked anything

[08:35] {nemo} yes

[08:40] {Threei} (US) Fed's Tarullo: new capital liquidity rules will end "too big to fail" issue; considering quantitative liquidity standards

[08:40] {Threei} **Reminder: On 10/14 Tarullo said that banks face further risk of sizable credit losses, banking system remains fragile, loan qualifications are poor

[08:40] {strider} "the Great Recession is over." Party Time!

[08:40] {nemo} yeah...but what about all that "off-balance" sheet stuff?

[08:41] {nemo} crock of taurine excrement

[08:41] {Threei} why's HIG so happy?

06[08:41] * strider slaps nemo around a bit with a large trout

[08:41] {nemo} all "financial" institutions

[08:49] {strider} mIRC sure is a pita

[08:49] {Threei} hmm?

06[08:49] * nemo slaps strider around a bit with a large 2X4 with rusty nails

[08:49] {strider} Well, it's complicated. Never mind.

[08:50] {nemo} complicated as a hang-nail.

[08:50] {strider} Have to reboot computer when I switch ISPs.

[08:50] {strider} Because of mIRC}

[08:50] {strider} Won't reconnect without it.

[08:51] {Threei} shouldn't be this way

[08:51] {strider} I agree!

[08:51] {strider} Life is hard.

[08:51] {Threei} File - Recent Servers, click on top one

[08:51] {Threei} it should reconnect

[08:52] {strider} When I switch, I should log off IRC first. Always forget. So it still thinks strider is logged on, even after disconnect.

[08:53] {Threei} ahhha

06[08:53] * strider slaps strider around a bit with a large trout

[08:53] {nemo} use the 2X4

[08:53] {Threei} it's not mirc itself then, it's server that doesn't get right message

[08:53] {strider} I guess.

[08:54] {strider} I don't know where the 2 x 4 is, nemo. Just found the trout yesterday afternoon.

[08:54] {nemo} bottom of the same menu..produces a text entry box

06[08:54] * nemo slaps strider around a bit with a large lead pipe

[08:55] {Threei} he doesn't have it unless he installed that custom-made script nemo

[08:55] {Threei} remember, one that KS wrote

[08:55] {ese} good morning

[08:55] {nemo} oh yeah...magoo went nuts on me until I got that script installed

[08:55] {nemo} dude

[08:55] {Threei} ese :)

[08:56] {Threei} magoo? went nuts?

[08:56] {Threei} wasn't very long trip, was it

[08:56] {nemo} figure of speech..already there...I know

[08:56] {_Les__} How can I smack Nemo around the head before he gets me... you know, a preemptive strike?

[08:57] {Threei} those are illegal now, les

06[08:57] * nemo slaps _Les__ around a bit with a large round of Swiss Cheese

[08:57] {ese} dude

[08:57] {ese} vad

[08:57] {Threei} now you have all the rights

[08:58] {nemo} any thoughts on the open Vad?

[08:58] {_Les__} no dice paying Bear with online banking. Gonna have to visit a bank branch for first time in 7 years. Go figure.

[08:58] {nemo} Yeah...that was no fun

[08:58] {strider} AIG gapped up a buck

[08:59] {nemo} all "financials" gapped big

[08:59] {Threei} thoughts? you are glattering me

[08:59] {nemo} amzn upp a couple

[08:59] {nemo} "glattering"???

[08:59] {strider} Stop glattering 3i, nemo.

[09:03] {strider} MOT forming range

[09:03] {Threei} FSLR too... just 2 bucks range

[09:03] {strider} np

[09:09] {Threei} BLTXX Baltic Dry Bulk Index up 0.9% for first gain in 3 days

[09:09] {fernp} good morning everybody

[09:09] {Threei} fern :)

[09:10] {ese} vad where do you find that info re the baltic dry index

[09:11] {Threei} my news supply

[09:11] {ese} i have the same news supply i think ....trade the news

[09:11] {Threei} look under Headlines

[09:12] {Threei} 9:08 item

[09:12] {ese} tks

[09:12] {Threei} see it?

[09:12] {nemo} huh? V at a 52 week high?

[09:12] {nemo} sheesh

[09:12] {ese} ya....just missed it

[09:14] {nemo} Mmhhhh...Fed ending treasury purchase program...how they going to hold down interest rates now?

[09:17] {nemo} akam up over $2

[09:20] {ese} that makes sense......daily chart looks good

[09:22] {lasertrev} gm

[09:22] {fernp} trev :)

[09:22] {ese} LLLLLTTTTTTT!!!!!!

[09:23] {Threei} trev :)

[09:25] {dino} gm

[09:25] {Threei} dino :)

[09:25] {Threei} so... my bounce materialized, only in the most useless manner - via overnight gap

[09:26] {fernp} when clocks are moved back one hour in USA? This weekend or the next one

[09:26] {_Les__} LT, Dino. who's putting drugs in drinking water? Everyone is smiley face @ 9am. not normal that.

[09:26] {_Les__} 1 Nov

[09:26] {strider} this weekend I think

[09:26] {fernp} ty

[09:26] {nemo} Saturday night

[09:26] {_Les__} US markets open too early right now. Europe has already switched over.

[09:27] {fernp} yeah :) my lunchtime now

[09:27] {nemo} yeah...another brilliant idea by Congress

[09:27] {KSystems} otcer!

[09:27] {KSystems} welcome!

[09:27] {dino} dk les

[09:27] {ese} wanted drys to tank a litle more......

[09:27] {_otcer_} thanks

[09:27] {ese} OOOOOTTTTTTT!!!!!

[09:28] {ese} hows that for a welcome

[09:28] {_otcer_} wow

[09:28] {_otcer_} how did you know

[09:28] {ese} your welcome......

[09:28] {Threei} drinking started early I see

[09:28] {strider} X in 20 cent range

[09:29] {Threei} JNPR

[09:29] {Threei} look daily

[09:29] {Threei} very bounce-ready

[09:29] {dino} fslr gap around 122 fwiw

[09:29] {Threei} let's see if we get an opening range

[09:29] {Threei} HIG, want pullback

[09:31] {_Les__} Who kicked FSLR to the kerb?

[09:32] {_otcer_} ese, please look PM

[09:32] {strider} jnpr bad spread

[09:32] {strider} now better :)

[09:32] {Threei} Long Setup: JNPR .20 break if stays above .10

[09:33] {nemo} big order .15

[09:35] {ese} what the heck......i am not getting the fills that i want to get.....had an order in for jnpr.....but it would not fill me.....F^&%$

[09:35] {Threei} over 1:1

[09:35] {Threei} you know my answer ese...

[09:35] {ese} yes

[09:36] {Threei} 1:2

[09:36] {Threei} out

[09:36] {fernp} ty vad

[09:36] {Threei} welcome sir

[09:36] {ese} great call vad

[09:36] {fernp} sir? im fern :)

[09:36] {strider} out +.10 +20

[09:36] {nemo} ty

[09:36] {Threei} welcome sirs

[09:36] {Threei} see fern? :)

[09:37] {fernp} yes yes

[09:37] {fernp} everyone is sir

[09:37] {Threei} except those who are ma'am

[09:37] {dino} trv hl l .00

[09:38] {strider} hl?

[09:38] {Threei} half lot

[09:38] {strider} tx

[09:40] {dino} fslr hit gap area 122s

[09:41] {dino} ash sm l .75

[09:42] {Threei} US) Obama Ecoomic Advisor Romer: Encouraging GDP data, but economy still losing jobs

[09:42] {Threei} - Much more work to do in economy to restore job market growth

[09:43] {_Les__} Vad, you were out, then went back in? Why "out" and then "half lot"?

[09:43] {_Les__} jnpr of course

[09:43] {Threei} ??

[09:43] {Threei} I was out at .40

[09:44] {Threei} half lot remark was answer to strider's question

[09:44] {_Les__} ok

[09:44] {Threei} [09:37] {dino} trv hl l .00

[09:44] {Threei} [09:38] {strider} hl?

[09:44] {Threei} [09:38] {Threei} half lot

[09:44] {nemo} regarding Dino's buy

[09:44] {nemo} damn...kickin' myself in the pittuti

[09:44] {dino} you guys are confusing today

[09:44] {nemo} AIG DT, so obvious

[09:46] {strider} HMIN?

[09:46] {dino} ash ash stopped -.33

[09:47] {Threei} FITB

[09:47] {Threei} watching for bounce

[09:47] {nemo} here?

[09:47] {dino} brb

[09:48] {Threei} Long Setup: FITB .10 break if holding above .05

[09:49] {cosmo} AKAM 22.73 hod ...so far

[09:53] {Threei} HIG on watch

[09:54] {Threei} one more dive before I get interested in bounce

[09:55] {_Les__} Vad - .10 break - u mean 10 cent scalp? or 10 cents both ways i.e., sell trigger/stop?

[09:56] {Threei} 9.10 break is an entry trigger

[09:56] {_Les__} ok

[09:57] {nemo} les, no colors on your print please stay with black

[09:57] {dino} lhcg

[09:58] {Threei} missed HIG

[09:59] {Threei} had this idea of .20 being bottom for it but needed some structure to the setup, and never got it

[09:59] {Threei} FITB over 1:2

[09:59] {Threei} 1"1

[09:59] {fernp} out FITB ty

[09:59] {Threei} scalpers get out

[09:59] {Threei} daytraders sell half

[09:59] {Threei} and try for .24-.25 for second half

[09:59] {Threei} stop to .09

[10:00] {ese} l drys .25

[10:00] {Threei} ese... tell me you got it... your stock, your type of play

[10:00] {gnslng} that helped me, cause i got in late thank you

[10:00] {Threei} 25K little buggers and your day is done

[10:00] {Threei} welcome gnsl

[10:01] {dino} sm l lhcg .88

[10:01] {dino} gappy\

[10:01] {Threei} Les

[10:01] {Threei} [09:48] {Threei} Long Setup: FITB .10 break if holding above .05

[10:01] {Threei} meaning:

[10:01] {Threei} enter long when FITB breaks 9.10,

[10:02] {Threei} do so only if it doesn't drop under 9.05 before triggering,

[10:02] {Threei} srtop is under 9.05,

[10:02] {ese} yup

[10:02] {Threei} 1:1 will be reached at 9.16-9.17

[10:02] {dino} stop lhcg is break of lod

[10:02] {Threei} that's our standard setup structure derived from the call

[10:03] {nemo} srtop=stop

[10:03] {ese} was waiting for bottom of some kind today ...or as the case may be double.....this is not a scalp for me vad

[10:04] {Threei} well, trade management is in the eyes of the beholder

[10:04] {Threei} I just provide guidelines for the structure

[10:04] {ese} this whole move in drys ....in my opinion....is end of month beginning of month type of thing.....will probably be out next week sometime and then have to go through the whole process again

[10:05] {Threei} but I was talking about FITB, not DRYS :)

[10:05] {Threei} there you go

[10:05] {Threei} second target is reached

[10:05] {Threei} I am out in full

[10:05] {ese} ahhhhhh.....sorry not watching fitb this morning

[10:05] {Threei} oh come on... I got you 15 cents on your favorite stock

[10:06] {Threei} and you don't even watch

[10:06] {Threei} I am so deeply hurt

[10:06] {_Les__} ty Vad

[10:06] {Threei} welcome

[10:06] {nemo} crocodile ters

[10:06] {nemo} tears

[10:06] {_Les__} not even a little red Nemo?

[10:06] {nemo} no

[10:06] {Threei} Les don't

[10:06] {Threei} color is there for a reason

[10:06] {nemo} red is for short calls

[10:06] {ese} i know i know.......(head hanging low........disgusted with self.....mentor is help and have ignored him)

[10:07] {Threei} green for long setups, red for short

[10:07] {Threei} visual recognition

[10:07] {_Les__} well I'm glad I got in your faces - I learn quicker like that

[10:07] {strider} out FITB in full, thanks Vad

[10:07] {Threei} strider :)

[10:08] {ese} and don't for sake the mentor

[10:08] {fernp} JBLU two days breakout?

[10:09] {Threei} don't know fern... tough one

[10:16] {fernp} LUV interesting

[10:18] {Threei} things suddenly stalled

[10:18] {nemo} we saw alot of these...overnight gap...spike up...coma

[10:19] {ese} L hban..88

[10:19] {strider} hgsi?

[10:19] {Threei} HGSI worth a try

[10:19] {Threei} .41

[10:19] {Threei} stop under .30

[10:21] {magoo} hey

[10:21] {nemo} in the woods this morning?

[10:22] {Threei} sheesh mags

[10:22] {Threei} note from parents

[10:22] {nemo} aig forming upward wedge

[10:22] {magoo} big race weekend, was working on motorcycles early..gonna leave here early too

[10:23] {Threei} missed couple nice ones

[10:23] {magoo} will be out friday, at track fri/sat/sunday

[10:23] {Threei} and third in progress

[10:23] {magoo} which

[10:23] {Threei} too close to 1;1, not fore entry

[10:23] {nemo} what's the 3rd?

[10:23] {Threei} not telling you so you don't chase

[10:24] {fernp} HGSI nemo

[10:24] {ese} out hban .92 +.04

[10:24] {nemo} oh

[10:24] {Threei} market sharp drop

[10:25] {Threei} let's trail HGSI to .35

[10:26] {fernp} out HGSI +.09, thanks strider, vad

[10:26] {strider} me too, +09

[10:27] {strider} small c&h URBN

[10:27] {Threei} back to JBLU, fern, little comment:

[10:27] {fernp} tell me

[10:27] {Threei} this thing is playable when for this or that reason it has momentum

[10:28] {Threei} news... or sector strength

[10:28] {Threei} otherwise it's so slow that two things happen

[10:28] {Threei} one, it tortures you using all ancient chinese recipes

[10:28] {fernp} lol

[10:28] {Threei} another, it moves with no structure

[10:28] {nemo} fcx strong on market drop

[10:29] {Threei} seemingly forms something,

[10:29] {Threei} then makes sudden move to out of setup bounds prices,

[10:29] {Threei} shakes you out,

[10:29] {Threei} then returns withing the range just as suddenlt

[10:29] {fernp} ok. I see. TY

[10:29] {Threei} wow, mibbit outage?

[10:30] {fernp} hello???

[10:30] {Threei} you are on mirc... you OK

[10:30] {KSystems} its pinky and the brain

[10:30] {fernp} mirc works fine

[10:30] {Threei} mibbit users got kicked out

[10:30] {KSystems} they took over the world

[10:31] {KSystems} i cant even get to their blog

[10:31] {KSystems} caught their whole network probably

[10:32] {KSystems} lets wait and see what happens when their routers come to life

[10:33] {KSystems} no, their website is working fine

[10:34] {Threei} HGSI over 1:1

[10:35] {Threei} 1:2

[10:36] {fernp} 1:3 great call

[10:36] {Threei} 1:3 but I am no longer there

[10:36] {Threei} great find strider

[10:37] {strider} HGSI: premature evacuation. :(

[10:37] {fernp} here too

[10:37] {Threei} lol

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 305M shares, about 8% above its three-month average; advancers lead decliners by 5.6:1.

[10:37] {Threei} - NASDAQ volume 560M shares, about even to its three-month average; advancers lead decliners by 3.2:1.

[10:37] {Threei} - VIX index -6.5% to just over 26.00

[10:38] {Threei} 1:4

[10:38] {strider} STOP IT!

[10:38] {Threei} why... it calls sharing joy

[10:38] {nemo} schadenfreude

[10:38] {strider} yeah, what he said.

[10:39] {Threei} I amnot studying 5th laguage

[10:39] {nemo} very little adult supervision around here

[10:47] {strider} RIMM c&h, 40 cent range though

[10:48] {nemo} and larger upward wedge

[10:48] {strider} thar she blows

[10:49] {nemo} stop would have been about .60

[10:50] {strider} failure to thrive syndrome

[10:50] {nemo} fcx, tck, resource stocks holding upward trend line all morning

[10:52] {strider} RIMM

[10:54] {fernp} mibbit is still down. widget.mibbit.com is offline

[10:58] {Threei} BCRX Hearing strength being attributed to upcoming interview on CNBC

[10:58] {Threei} - Mike Huckman is scheduled to interview the CEO at 1:20pmET today. (9.60, +0.42, 4.58%) (related NVAX )

[11:02] {Threei} HGSI over 1:6

[11:05] {Threei} 1:7... yawn

[11:13] {Threei} (US) Pres Obama: Still a long way to go before economy restored, despite positive GDP data

[11:13] {Threei} - Key benchmark for economic strength is job creation

[11:13] {Threei} **Reminder: earlier this morning Obama Economic Advisor Romer said there was encouraging Q3 GDP data, but economy still losing jobs

[11:20] {Threei} Long Setup: CAT .30 break half lot

[11:20] {fernp} in

[11:20] {Threei} stop under .15

[11:23] {Threei} 1:1

[11:24] {fernp} ty Vad. You are inspired today

[11:24] {Threei} :)

[11:26] {Threei} US Treasury Geithner: Will discuss possible options for GSEs FNM and FRE next year (related FNM FRE )

[11:26] {Threei} yeah, what's his hurry

[11:39] {Threei} total paralysis in the market

[11:40] {Threei} even AIG is not moving

[11:41] {Threei} chart wise, .60 break is long trigger

[11:42] {fernp} HIG breaking too

[11:42] {Threei} not sure it's worth the risk

[11:42] {Threei} AIG I mean

[11:43] {Threei} lately it ignores patterns

[11:43] {fernp} lunchtime and paralysis... ad combination

[11:44] {fernp} ad=bad

[11:44] {Threei} yeah

[11:44] {nemo} hangover rally...wake up...look to your left...oh oh...what did I do

[11:45] {fernp} HIG is holding better

[11:47] {fernp} small shares. trying HIG .86 w/stop under .75

[11:48] {nemo} scalp it fern

[11:49] {Threei} ECB source notes ECB against a $1.50 exchange rate over medium term; will urge China to allow Yuan appreciation - unconfirmed report

[11:49] {Threei} - ECB concerned about a rapidly appreciating Euro; concerned about an FX intervention without Chinese and US support

[11:49] {Threei} - Reminder: EU's Verhuegen today commented that China has a competitive advantage due to FX and the G20 should discuss 'artificially' low currencies

[11:50] {nemo} kinda' funny, China can blame it on the US

[11:53] {Threei} guess

[11:53] {Threei} who

[11:53] {Threei} is

[11:53] {nemo} Jeff Rosenbloom

[11:54] {Threei} wow... nemo changes orientation

[11:54] {nemo} "but there's nothing wrong with that"

[11:54] {nemo} FCX symmetrical triangle

[11:54] {Threei} of course not

[11:55] {Threei} but I prefer to know

[11:55] {Threei} just in case

[11:55] {nemo} broke up last time

[11:55] {nemo} down this time

[11:55] {Threei} next time you return from the bar with a few glasses of vodka

[11:55] {nemo} not my type Vad

[11:56] {Threei} that's a relief

[11:56] {Threei} KS, no word from mibbit still?

[11:57] {nemo} Geri Atric

[11:58] {fernp} there is a free irc client (very similar to mirc) called "ClicksAndWhistles"

[11:58] {fernp} I am using it now and works fine. It is almost identical to mirc but is free

[11:58] {fernp} the link to download it http://download.softpedia.com/dl/56d8f1eb54bdad6055779ea9ae10dfff/4ae9b6a1/100094194/software/internet/im/ClicksAndWhistles.zip

[11:58] {nemo} yeah, but can you trout with it?

[11:59] {Threei} does it require same configuration as mIRC?

[11:59] {fernp} the same one

[11:59] {KSystems} some of it is already working again

06[11:59] * fernp slaps nemo around a bit with a large trout

[11:59] {Threei} well, that's the problem

[11:59] {fernp} too complex?

[11:59] {Threei} we are trying to provide mibbit as immediate painless way to connect

[12:00] {Threei} trialer signing up for a week, no point in going throgh complicated mirc configuration

[12:01] {KSystems} ok it seems to be up again

[12:01] {KSystems} if people start connecting now :)

[12:01] {Threei} Sorry for the downtime

[12:01] {Threei} October 27th, 2009

[12:01] {Threei} Unfortunately our webhost had some issues tonight and had to power cycle each server.

[12:01] {Threei} It looks like everything is working fine now, but apologies for any downtime.

[12:01] {Threei} from their blog

[12:01] {KSystems} oct 27th

[12:01] {Threei} but we didn't have any

[12:02] {Threei} so, was it prophetic p;ost on their part?

[12:02] {KSystems} he says "tonight" so it probably wasnt during market hours

[12:02] {Threei} oh

[12:02] {Threei} still broken

[12:02] {Threei} I just tried to click from our page

[12:03] {Threei} does it work for you KS??

[12:03] {KSystems} ok...wiki and blog are already up again, and as they were down too even a few minutes ago, i think they are getting their stuff running again

[12:08] {KSystems} can someone kick the snp future one tick higher please

[12:08] {KSystems} this is getting on my nerves

[12:09] {Threei} sure... why didn't you ask earlier

[12:09] {fernp} out HIG .99 I forgot about it

[12:09] {Threei} there you go

[12:09] {Threei} lol fern

[12:10] {Threei} that's what I call stress-free trading

[12:10] {fernp} im busy with this new program...

[12:10] {KSystems} thanks to whoever it was

[12:10] {fernp} lol

[12:10] {KSystems} which program, fern?

[12:10] {Threei} what do you mean whoever it was?

[12:10] {nemo} kicked the futures

[12:10] {KSystems} oh sorry, it was you

[12:10] {KSystems} of course, thanks

[12:10] {Threei} sigh

[12:10] {fernp} clockandwhistles

[12:10] {fernp} clicks...

[12:11] {KSystems} oic

[12:11] {Threei} what's the point fern?

[12:12] {fernp} create a scrip where users just have to write nick and passwd

[12:12] {nemo} Trouting is much more important

[12:12] {Threei} if it's possible with that one, must be possible with mirc as well?

[12:13] {fernp} yes

[12:13] {KSystems} yes it is

[12:13] {Threei} maybe we'd better have it unified then

[12:13] {KSystems} problem is, integrating that script into mirc is equally difficult

[12:13] {KSystems} and having it ship with mirc like the previous one for chatspace is against the license agreement

[12:14] {fernp} that's the point

[12:14] {Threei} oh I see

[12:14] {Threei} makes sense

[12:14] {KSystems} but look vad you can put a cool background image to chlicksandwhistles

[12:14] {KSystems} http://clicksandwhistles.com/screenshots/ClicksAndWhistlesScreenshot2.png

[12:14] {KSystems} oh wait

[12:14] {KSystems} hey you can do that with mirc too

[12:14] {Threei} I am just not very confident in free product that may be left with no support

[12:14] {KSystems} if i just had knows this earlier!!

[12:15] {Threei} after all, how often we see such outages in mibbit?

[12:15] {Threei} it's probably second time in a year

[12:15] {nemo} yeah...but if it's at a functional stage that is useable..functionality requirements for this application will always be relatively minimal

[12:17] {fernp} but clicks... is GPL we can not sell it, but we can inform about our modificactions in a txt and be safe...

[12:19] {Threei} I had doubts about HIG 25 break

[12:19] {Threei} too bad

[12:19] {nemo} just broke resistance at 15 next resistance 25.50

[12:19] {Threei} Market Internals update at 12:00pmET

[12:19] {Threei} - NYSE volume 545M shares, about 12% above its three-month average; advancers lead decliners by 5.7:1.

[12:19] {Threei} - NASDAQ volume 1.02B shares, about 1% above its three-month average; advancers lead decliners by 3.3:1.

[12:19] {Threei} - VIX index -8.5% to just over 25.50

[12:19] {KSystems} yes you'd be able to ship clicks for free with pre-configuration for RT

[12:20] {KSystems} doesnt matter if the service it connects to is commercial

[12:27] {gnslng} .

[12:28] {Threei} mibbit is back gnsl?

[12:28] {gnslng} ty

[12:30] {KSystems} nope

[12:30] {KSystems} this volatility is incredible

[12:31] {nemo} K? where were you last winter?

[12:31] {Threei} lol

[12:31] {Threei} no kidding

[12:31] {nemo} what was the Vix today Vad?

[12:31] {Threei} this is immobile market vs what we had back then

[12:32] {Threei} - VIX index -8.5% to just over 25.50

[12:33] {Threei} (US) White House Economic Advisor Summers: Today's GDP data shows the US is turning the corner (related EUR/USD )

[12:33] {Threei} yeah?

[12:33] {Threei} to me, it shows that cash for clunkers and the like injected some temporary life

[12:33] {nemo} Vix around 25 today

[12:33] {nemo} was 80 last winter

[12:34] {Threei} let's see what happens when those programs end

[12:34] {Threei} and if GDP increases then I'll believe that economy is on a mend

[12:49] {Threei} Preview: Treasury's $31B 7-year note auction results due out just after 1pmET

[12:49] {Threei} - $31B is is a $2B increase from the Sep auction

[12:49] {Threei} - prior bid-to-cover was 2.79 pushing the average of the last 8 auctions to 2.51

[12:59] {Threei} F Ohio UAW workers have voted against concessions; vote 75% against (7.33, +0.37, 5.32%)

[12:59] {Threei} let's kill this one too

[12:59] {Threei} and nationalize it

[13:00] {nemo} No...they're doing the right thing...

[13:00] {nemo} They know if Ford gets in enough trouble...the government will come in with a bail out and hand a large portion of the company to the UAW

[13:01] {Threei} oh, you mean right thing as in "let's kill this one too and nationalize it"

[13:01] {nemo} right thing for the union

[13:02] {Threei} TREASURY'S $31B 7-YEAR NOTE AUCTION DRAWS 3.141%; BID-TO-COVER RATIO: 2.65 V 2.79 PRIOR AND 2.51 OVER THE LAST 8

[13:02] {Threei} - indirect bidders take 59.3% of competitive bids

[13:02] {Threei} - 46.8% alotted at the high

[13:09] {Threei} US EIA: Aug crude imports 8.88M bpd; -14% y/y

[13:09] {Threei} - notes lowest Aug month since 1997; lowest for any month since Sept 2008

[13:09] {Threei} US Administation Aide Summers: Bush tax cut expiration may not do much damage to the economy

[13:10] {Threei} huh?

[13:10] {Threei} it's funny

[13:10] {nemo} 3 big tax increases coming, Tax cut expiration, Health Care Plan, CO2 tax...we're going to get crushed

[13:10] {Threei} exporation is coming, they decide to let them expire, an d their evaluation lies betwwen may do much damage or may not do much damage?

[13:11] {nemo} big change on the taxation of dividends

[13:11] {Threei} well, you elected tax and spend guy

[13:12] {Threei} incorporate traders tax, and Cnada will become new USA in aa few years time

[13:12] {nemo} not me dude, but living in The People's Republic of Massachusetts, that's all they do

[13:12] {nemo} Forgot about that one

[13:33] {fernp} ,

[13:36] {Threei} total freeze

[13:44] {nemo} what up with jnpr today?

[13:45] {Threei} no idea

[13:45] {Threei} good thing we spotted it early and bit off our piece

[13:45] {Threei} but to suggest it had such momentum was not possible for me

[13:54] {Threei} mibbit is back up

[14:03] {Threei} (US) Senator Isakson: this will be the last extension of homebuyer tax credit

[14:03] {Threei} - Note: Isakson is a suporter of the homebuyer credit

[14:03] {Threei} **Reminder: On 10/27 Senate leaders were reportedly close to an agreement to extend the $8K first time homebuyers tax credit past the current expiration of Nov 30

[14:09] {Threei} Market Internals update at 2:00pmET

[14:09] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; advancers lead decliners by 6.6:1.

[14:09] {Threei} - NASDAQ volume 1.48B shares, about 2% above its three-month average; advancers lead decliners by 3.1:1.

[14:09] {Threei} - VIX index -10% to just over 25.00

[14:14] {fernp} yes, mibbit is working, but our friends decided take the day off :)

[14:15] {Threei} smart ones at least

[14:15] {Threei} me, I am stuck here

[14:15] {Threei} rain outside anyway

[14:16] {Threei} and tomorrow town will be paralyzed by Olympic torch relay

[14:17] {Threei} HIG continues

[14:17] {fernp} stay home tomorrow. will be safer

[14:17] {Threei} yeah

[14:17] {Threei} if no rain, will go to the nearest point of relay, just 5 min drive from me

[14:19] {Threei} after all, how many times in life one meets Olympic torch

[14:19] {fernp} true

[14:20] {Threei} they'll drag it thgough all of Canada,

[14:20] {Threei} but we are starting point

[14:20] {fernp} take pics and upload them to the blog

[14:21] {fernp} pls

[14:21] {Threei} sure... if no rain :)

[14:21] {Threei} main event will be downtown, with light show etc,

[14:21] {Threei} but there is no way I go there

[14:22] {Threei} crowds will be unbeearable

[14:22] {fernp} yeah!!

[14:22] {Threei} Quiet beach park 5 min drive from me is another matter, that I may try :)

[14:23] {Threei} http://www.sidney.ca/Municipal_Hall/Departments/Information_Services/Virtual_Tours/Tulista_Park.htm

[14:23] {magoo} its time too start looking for moves vad

[14:24] {Threei} not sure mags

[14:24] {Threei} market is still frozen

[14:24] {Threei} just asking for stops, IMO

[14:25] {magoo} soon

[14:25] {Threei} look at the timing of all our calls today

[14:25] {magoo} cant

[14:25] {Threei} 3 of them were over during that morning move

[14:25] {Threei} 4th one was later but rather an exception

[14:25] {Threei} CAT was moving on its own

[14:28] {Threei} (US) Senator Snowe: will not be the 60th vote to break filibuster on healthcare plan - CNBC

[14:29] {Threei} let's see if AET reacts on this

[14:29] {nemo} that's big

[14:29] {Threei} well... Lieberman's announcement was jujst as significant, no?

[14:30] {Threei} and AET didn't really react

[14:30] {nemo} forgot...amzn ballistic

[14:30] {nemo} It's time to say...GOODBYE :)

[14:30] {nemo} Off to sell politically incorrect merchandise

[14:30] {Threei} take care nemo'

[14:30] {fernp} bye nemo

[14:30] {nemo} won't be here in the morning

[14:31] {Threei} we will miss you

[14:31] {Threei} hmmm

[14:31] {nemo} good things I have boots on

[14:31] {Threei} then again... maybe not

[14:31] {nemo} DPWFL

[14:31] {Threei} go already :)

[14:31] {fernp} are you going to trade a friday afternoon?

[14:31] {Threei} AET

[14:32] {Threei} not sure whether it's reaction on Olympia or just spike with market

[14:32] {fernp} MET not moving

[14:33] {Threei} MET is rather GIG's brother, not AET's

[14:33] {Threei} HUM is in the same field as AET

[14:33] {Threei} GIG=HIG

[14:33] {fernp} ok

[14:34] {fernp} and AFL?

[14:35] {fernp} is breaking

[14:35] {Threei} not sure about AFL

[14:36] {Threei} I think it's HIG/MET/PRU field

[14:37] {magoo} AONE at it

[14:39] {fernp} too slow everything

[14:40] {Threei} things are in slow motion

[14:40] {Threei} even such traditionally prly ones as AONE

[14:40] {Threei} perky

[14:41] {magoo} fslr trying for high here

[14:42] {fernp} AFL triying to break .90

[14:45] {dino} lhcg out .52, +.64

[14:45] {dino} all day

[14:45] {dino} trv to .65

[14:46] {fernp} gj dino

[14:46] {dino} slow motion

[14:46] {dino} intc puzzles me

[14:46] {Threei} one legged snail moving through mollasses

[14:47] {fernp} AFL hit 1:1 and then sharp drop

[14:48] {dino} yes and all they do is say things are better every day, seems nobody believes them

[14:48] {Threei} remember I talked earlier about how these chaotic moves happen when market is inactive?

[14:48] {Threei} this is exactly what you see fern

[14:49] {Threei} and that's why I fall asleep when market gets locked like this

[14:49] {Threei} even though magoo is getting angry at me

[14:49] {dino} he gets angry w/all

[14:49] {magoo} vad..read on FSLR?

[14:52] {dino} esi more blood from the apol news, 88 area should be support, down from 115

[14:52] {fernp} you are right Vad, "chaotic moves" that the the correct expression

[14:53] {fernp} that's

[14:55] {Threei} feels to me about done for the day mags

[14:55] {Threei} I doubt it has more upside

[14:55] {Threei} unless market loses its mind and goes berserk

[14:55] {magoo} 129 a launcher?

[14:55] {Threei} could be, but risk is enormous

[14:55] {Threei} can get smacked down in a blink of eye

[14:57] {magoo} how about AMZN?

[14:58] {Threei} this one has a shot at a nice move IF

[14:58] {Threei} holding above .50, breaks .50, and market helps

[14:59] {Threei} holding above .30, sorry

06[15:03] * Threei envisions magoo sitting with his finger on the trigger, tracking every tick in AMZN with his eys, then clicking buy when .50 is brken

[15:04] {magoo} in

[15:05] {magoo} over 122?

[15:06] {Threei} if market helps, and with some srtuglle around .80 - .90 first

06[15:06] * Threei slaps magoo around a bit with a large position in AMZN reaching 1:1

06[15:06] * Threei slaps magoo around a bit with a large roll of cash

[15:07] {magoo} nice spot (magoo) nice read (vad)

[15:07] {Threei} partial out mags

[15:07] {Threei} don't be a donkey

[15:10] {Threei} (IA) US Senate Banking Panel passes Iran sanctions legislation unanimously

[15:10] {Threei} - Note: the House panel passed the Iran petroleum sanctions bill yesterday

[15:11] {Threei} dino... Cramer strikes again eh? never fails

[15:12] {Threei} lol... latest scandal with South Carolina politician invloves 18 years old stripper and... cemetery

[15:13] {Threei} death, taxes and sex?

[15:14] {fernp} lol, like sex, drugs & rock n roll

[15:14] {cosmo} yea.....bunch'a donkeys

[15:14] {Threei} what's with these guys, why do they all get caught all the time

[15:15] {dino} cramer, yeah, yesterday at 4 pmish he says 9500 coming, get out/stay out. today at 11 am ish, he's saying buy good, aapl, amzn etc. buy high sell low i guess

[15:15] {dino} goog

[15:18] {fernp} have to go. see u tomorrow. good evening everybody

[15:19] {Threei} take care fern

[15:21] {dino} cya

[15:22] {dino} trv to .89

[15:25] {dino} to .98

[15:27] {dino} q? is anybody finding that less trading is working better lately, or is that just me?

[15:27] {Threei} I find I do better skipping mid day

[15:27] {dino} 12-2 has hurt me

[15:27] {Threei} morning and last hour or two work, midday takes away

[15:28] {dino} thx, pretty close to what i'm seeing, my early afternoon trades cost me

[15:29] {Threei} it's normal pattern, it's just more pronounced lately

[15:30] {dino} other thing is, i seem to make more $ when under 7 trades/day

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 1.03B shares, about 17% above its three-month average; advancers lead decliners by 8.1:1.

[15:31] {Threei} - NASDAQ volume 1.89B shares, about 2% above its three-month average; advancers lead decliners by 3.1:1.

[15:31] {Threei} - VIX index -11% to just below 25.00

[15:32] {dino} rallies on lighter vol., selloffs higher vol., skittish markets

[15:33] {Threei} yup, just a bounce

[15:33] {Threei} yesterday at 3:30:

[15:33] {Threei} NYSE volume 1.25B shares, about 42% above its three-month average; decliners lead advancers by 10.9:1.

[15:33] {Threei} - NASDAQ volume 2.29B shares, about 21% above its three-month average; decliners lead advancers by 5.1:1.

[15:33] {Threei} - VIX index +9% to just over 27.00

[15:33] {dino} same pattern on all pullbacks tho

[15:33] {dino} out trv .98, +.98

[15:34] {dino} all day, 1st trade

[15:34] {strider} wtg dino.

[15:34] {dino} thx

[15:35] {dino} strider look at hmin today

[15:35] {dino} we were day early

[15:35] {Threei} there you go mags

[15:35] {strider} kawabonga

[15:35] {Threei} 122

[15:36] {magoo} nice

[15:37] {dino} these capits are taking longer to bounce, ie hmin, sohu, vfc, etc. starting to think the bigger $ is a day or two after

[15:37] {Threei} even though market was inactive for the most of the day and mibbit killed half of the room, pretty happy with today

[15:37] {Threei} 5 out of 5

[15:38] {dino} gj 2 of 3

[15:38] {Threei} oh mags and notice

[15:38] {Threei} FSLR never went anywhere

[15:38] {Threei} and would be a trap on 129 break

[15:38] {dino} going down like a rat on cheese

[15:38] {Threei} so, that's actually 6 out of 6, lol

[15:39] {Threei} FSLR lost to AMZN like Commodore to Pentium III

[15:39] {strider} GLD followed the market right up. Should it be doing that?

[15:40] {Threei} sure

[15:40] {Threei} that was the pattern lately when they both acted inveresely of USD

[15:40] {dino} followed tbt imo, bonds down gold up

[15:41] {strider} I'm ready for interest rates to start rising.

[15:41] {magoo} ill give u 6

[15:41] {dino} mfsf drop, v thin

[15:41] {magoo} i shorted it 127.50

[15:42] {Threei} covered yet?

[15:43] {magoo} yup now

[15:43] {Threei} good job

[15:51] {strider} HMIN ready to pop again in the morning?

[15:53] {Threei} or open with gap down?

[15:53] {Threei} how do you guess today?

[15:53] {strider} Yep. On the other hand......there's four fingers and a thumb.

[15:54] {Threei} opposable too

[15:54] {strider} Talk to dino. He's the HMIN expert.

[15:54] {Threei} dino... would you being HMIN expert take it overnight?

[15:54] {dino} dk

[15:55] {Threei} that's the answer of a real trader

[15:55] {dino} no overnight imo

[15:55] {dino} safer to wait and see.

[15:55] {strider} Well, maybe Marisa Tomei.

[15:56] {Threei} well... then you won't need opposable thumb

[15:56] {strider} Bwahahahahahahaha

[15:56] {dino} should get back to 31, but who knows when, thats the issue, you can get direction right, but timing is the problem

[15:57] {dino} watch china makets for open clue

[16:00] {dino} who is john galt

[16:00] {strider} Atlas Shrugged

[16:01] {strider} nobody knows

[16:01] {Threei} lol dino

[16:01] {Threei} you'll know in a few hundred pages

[16:01] {strider} shrug

[16:01] {Threei} than you all

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

[16:01] {dino} :)

[16:02] {strider} Bu-bye

Oct 28 2009

Fair day with a few nice plays on both short and long sides - notably CAT short and AIG long, and a few scalps and stops here and there. Gearing up for a bounce that seems to be in cards - most likely tomorrow.

Session Time: Wed Oct 28 00:00:00 2009

[08:43] {ese} good morning......

[08:44] {nemo} dude

[08:44] {KSystems} Les!

[08:44] {KSystems} welcome

[08:45] {nemo} Gruss Gott Herrn K

[08:45] {ese} dude

[08:45] {_Les__} KSystems welcomes me...

[08:45] {ese} ksys

[08:45] {_Les__} I feel better already...

[08:45] {ese} les

[08:45] {KSystems} nemo :) ese!

[08:45] {Threei} ks... you need to stop it

06[08:45] * nemo slaps _Les__ around a bit with a large trout

[08:45] {_Les__} why don't i get a smiley like that

[08:46] {Threei} people will think we are warm and welcoming bunch

[08:46] {_Les__} and what's with the slapping

[08:46] {nemo} total crock

[08:46] {KSystems} but not for long, vad

[08:46] {ese} thats the official welcome

[08:46] {_Les__} hold it. KSystems is a person or a machine?

[08:46] {nemo} worse...

[08:46] {KSystems} -beep-

[08:46] {nemo} he's a German

[08:47] {Threei} which means he is both

[08:47] {nemo} actually...good point Vad

06[08:47] * KSystems slaps nemo around a bit with a large German flag

[08:47] {ese} i'm german as well

[08:47] {nemo} well, I'm Irish, Italian...what's your point ese?

[08:47] {_Les__} ahh. Guten Tag!

[08:47] {KSystems} Grezi

[08:48] {Threei} KS's motrning song:

[08:48] {Threei} http://www.youtube.com/watch?v=VXa9tXcMhXQ

[08:48] {nemo} Breakin

[08:48] {ese} ahhhhhhh hmmmmmmm ain't got one

[08:48] {KSystems} oh yeah

[08:48] {nemo} I was listening to Kraftwerk back in the 70's...scary

[08:48] {_Les__} I'm here for a "free" time, not a good time...

[08:48] {_Les__} Vad's free week...

[08:49] {Threei} meaning I am free for a week??

[08:49] {Threei} yessss

[08:49] {_Les__} I wanted to begin 9th Nov but computer program says start today

[08:49] {nemo} fun fun fun on the autobahn

[08:49] {_Les__} stupid machines

[08:49] {nemo} You want to go home Vad?

[08:49] {_Les__} I still listen to Kraftwerk

[08:50] {Threei} my high school music

[08:50] {nemo} Les...you in der Schweiz?

[08:51] {_Les__} oui, mais dans le partie Francais

[08:52] {ese} vad anything worth revisiting...vvus bcrx....to name a couple

[08:52] {ese} ucy ?

[08:52] {ese} bucy?

[08:53] {nemo} amzn recovered yesterday's close, things get weak could be a good short

[08:53] {ese} i missed that short yesterday......to many distractions around my house

[08:53] {Threei} nothing fresh ese

[08:53] {ese} tks

[08:53] {lasertrev} gm

[08:54] {Threei} trev :)

[08:54] {nemo} LT :)

[08:54] {KSystems} which part les?

[08:54] {KSystems} Valais?

[08:54] {Threei} VVUS sems to simply float with market

[08:54] {ese} trev....

[08:54] {_Les__} Vaud, behind Montreux

[08:54] {ese} morning

[08:54] {Threei} BCRX too

[08:54] {KSystems} Oh i see

[08:54] {KSystems} i used to stop at Montreux on my way to Valais several winters

[08:55] {KSystems} how far is it to montreux from your place?

[08:55] {_Les__} You'll be back. Soon no snow anywhere in Europe but Valais :)

[08:55] {nemo} ...on the Lake Geneva shoreline...

[08:55] {ese} oh my goodness.....i played the Montreux festival in 1978 and 1981

[08:55] {ese} yes in deed it is

[08:56] {ese} one of the most beautiful places in the world in my books

[08:56] {Threei} 78?

[08:56] {Threei} wow

[08:56] {ese} yup......

[08:56] {Threei} you were what, just out of high school?

[08:57] {KSystems} nemo

[08:57] {ese} 20 or 21

[08:57] {nemo} ja wohl

[08:57] {KSystems} isnt it "Fahrn" auf der Autobahn?

[08:57] {nemo} Ich errinere mich nicht an

[08:57] {ese} 19 ?? hmmmmm

[08:59] {nemo} Could be K, the album was translated into English, plus I didn't know German then, so you hear what you think you hear. Same with 99 Luft Baloons when it came to the states. I heard it in Germany first. By the time I get to the states it's 99 Red Baloons.

[08:59] {ese} 4 years out of high school 2 years into university

[09:00] {nemo} How old were you when you graduated high school ese?

[09:00] {_Les__} Jazz festival is great, even with kids. Beer and live music in the park on warm sunny afternoon. *Sigh*, ready for summer again already.

[09:01] {ese} they do it in the Miles Davis Center now and not the casino right?

[09:02] {ese} when we played it was int the casino downtown Montreux

[09:02] {Threei} last few photos before I switch to autumn series:

[09:02] {Threei} http://www.realitytrader.com/photography/

[09:04] {ese} did you just go to the end of the pier vad or were you out on a boat

[09:04] {Threei} no, pier

[09:06] {_Les__} appreciate last photo. Clean warm light on the pier - doesn't overwhelm photo

[09:06] {_Les__} not that other photos are overwhelmed by light :)

[09:06] {Threei} ty

[09:07] {Threei} I find the only really overwhelming subject to be that octopus

[09:07] {Threei} something out of sci fi movie, lol

[09:07] {nemo} Jules Verne....:)

[09:07] {ese} we live in a nice part of the world vad.......

[09:07] {Threei} we sure do

[09:07] {Threei} which doesn't prevent us from complaining and whining

[09:08] {ese} hmmmmmm

[09:08] {_Les__} didn't see the rest. Only night photos. ok nice occy

[09:08] {Threei} just scroll down

[09:08] {Threei} wow

[09:08] {Threei} what happened

[09:08] {nemo} yeah, what came out

[09:09] {Threei} I don't see any fresh news

[09:09] {nemo} they

[09:14] {strider} morning all:)

[09:14] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=a2dVAWr7p7lk

[09:14] {Threei} strider :)

[09:14] {nemo} dunedin

[09:14] {Threei} what's there nemo?

[09:14] {nemo} California legalizing marijuana...for taxes of course

[09:15] {cosmo} and currency soon maybe

[09:16] {strider} ese, was that DRYS you were starting to buy yesterday?

[09:16] {nemo} yeah...this keeps up we'll be back to the barter system

[09:16] {ese} yes

[09:16] {ese} i like that 6.50 level

[09:17] {strider} thx. Long-term, has a lot of upside.

[09:17] {ese} will dabble a little here dabble a little there.....eventuallly it will take off

[09:17] {cosmo} ilmn

[09:18] {cosmo} wants to heal

[09:18] {Threei} Reportedly Goldman Sachs analyst lowers US Q3 GDP view to 2.7% v 3.2%

[09:18] {fernp} Good morning everybody

[09:18] {Threei} fern :)

[09:18] {ese} fern

[09:18] {ese} some stocks taking big hair cuts thes last few days

[09:19] {ese} bidu yesterday was crazy....80 some odd points

[09:19] {ese} almost 7pts dn for ilmn

[09:20] {Threei} magoo and dino have no internet connection this morning it seems

[09:21] {ese} big storm out there or something?

[09:22] {Threei} keeping an eye on AET,

[09:22] {Threei} having in mind QID to play market downside

[09:23] {ese} long at .80

[09:26] {dino} gm all

[09:26] {fernp} morning

[09:27] {ese} dino.......

[09:27] {Threei} dino :)

[09:27] {Threei} APOL, cruel

[09:27] {dino} running late thats all

[09:27] {dino} apol -11, esi -5

[09:27] {ese} always meant to ask you this dino........you get your nick from the Flintstones?

[09:29] {dino} yes, and always thought it was a good name for a dog

[09:30] {ese} definitely

[09:30] {nemo} my father's name

[09:30] {dino} neat

[09:31] {dino} in my darth vader voice "nemo I am (not) your father"

[09:31] {nemo} I know

[09:31] {nemo} aig on the edge

[09:32] {magoo} etsjopteoj;

[09:32] {Threei} CTDC, what the deuce

[09:32] {nemo} wokasfw20asvo

[09:32] {Threei} magoo :)

[09:33] {Threei} Long Setup: QID 23 break if holding above .90

[09:34] {Threei} Long Setup: HIG .92 if stays above .85 for scalpers

[09:35] {Threei} .90 for day traders

[09:35] {nemo} too fast

[09:35] {Threei} see if gives pullback for entry

[09:35] {nemo} .80 for day traders?

[09:36] {Threei} yes

[09:36] {strider} out HIG +.10

[09:36] {fernp} missed

[09:36] {Threei} no entry anyway iof missed first timwe

[09:36] {magoo} aapl pummeled vad

[09:36] {Threei} wtg strider

[09:36] {cosmo} ilmn 35 test

[09:36] {strider} figers getting a little faster.

[09:36] {strider} fingers

[09:36] {nemo} yeah, end of yesterday looked like a bear flag on aapl

[09:37] {Threei} AAPL, double bottom is forming, but morning volatility is horrifying

[09:37] {nemo} big vacuum own to 190

[09:37] {nemo} down

[09:37] {ese} nice one on HIG st

[09:37] {strider} thanks, ese

[09:38] {Threei} HIG, valid again as the same setup

[09:38] {Threei} .85 is a support for everyone this time

[09:39] {nemo} aig DT .15 important level

[09:39] {Threei} if invalidates, look for possible entry around .75

[09:39] {tomg} which stock, vad, had power failure

[09:39] {Threei} HIG tom

[09:39] {nemo} hig

[09:39] {tomg} ty

[09:39] {Threei} market downticks though

[09:40] {Threei} don't like this kind of setups against the market

[09:40] {Threei} so consider it discretionary

[09:40] {Threei} Preview: Sept New Home Sales due out at 10amET (14:00 GMT)

[09:40] {Threei} **consensus expectations: 440Ke v 429K prior (estimates range bewteen 412K-460K).

[09:42] {Threei} QID tries to reestablish

[09:43] {Threei} nope, invalidated again

[09:43] {Threei} but I like how 23 forms as a srong resistance to break

[09:43] {Threei} will come handy later in the day if/when market weakness comes

[09:45] {ese} l apol .11

[09:45] {ese} damn got in

[09:45] {ese} out apol .33

[09:45] {ese} wow quick +.20

[09:45] {fernp} WFC db, Vad?

[09:45] {dino} gj

[09:46] {dino} watching esi off it

[09:46] {ese} had stop in at.00 and it shot up to .50 then showed me at .11 bizzare

[09:46] {dino} yeah, air pocket trades

[09:46] {Threei} I doubt it fern

[09:47] {fernp} now yes. :)

[09:48] {Threei} watching HIG

[09:48] {Threei} awww

[09:48] {Threei} late

[09:48] {Threei} that .75 weas ideal entry for a scalp

[09:49] {Threei} market is narrow here

[09:49] {Threei} look at CAT,

[09:49] {Threei} just set up short by breaking .80,

[09:49] {Threei} I skipped it to see if it's real setup of headfake

[09:50] {Threei} range is 20 cents, a bit too wide

[09:50] {nemo} .89 was pivot

[09:50] {Threei} of = or

[09:52] {Threei} Short Setup: HIG .70 breakdown

[09:52] {Threei} stop above .80

[09:52] {ese} i liked esi at .oo dino but missed it

[09:53] {Threei} 1:1

[09:53] {fernp} ty

[09:53] {Threei} yw

[09:53] {nemo} cat vad

[09:53] {Threei} CAT was kind of inconclusive

[09:54] {Threei} chart wise it almost hit 1:1,

[09:54] {Threei} but I watched it trading,

[09:54] {Threei} fill was near impossible that low

[09:54] {Threei} 1:2 HIG

[09:54] {fernp} things are a bit jumpy this morning

[09:55] {Threei} 1:3, get out and get ready for bounce play

[09:55] {Threei} .45 long if holding .40

[09:56] {Threei} no go

[09:56] {fernp} no go

[09:57] {Threei} don't forget QID

[09:57] {Threei} this one is like rifle on the wall

[09:57] {fernp} 23 break, no?

[09:57] {Threei} yes

[09:57] {Threei} hanged there in the first act, sooner or later will fire up

[09:57] {ese} esi thoughts dino

[09:58] {dino} i think 10:00 report coming from something

[09:58] {dino} but overall like esi 95 area

[09:58] {ese} tks

[09:58] {dino} pulp

[09:58] {Threei} 09:40] {Threei} Preview: Sept New Home Sales due out at 10amET (14:00 GMT)

[09:58] {Threei} [09:40] {Threei} **consensus expectations: 440Ke v 429K prior (estimates range bewteen 412K-460K).

[09:58] {fernp} HIG bounce

[09:59] {dino} ash beats drops

[10:00] {Threei} *SEPT NEW HOMES SALES: 402K V 440KE (% M/M)

[10:00] {Threei} - Prior revised from 429K to 417K

[10:00] {Threei} - No revisions

[10:00] {Threei} - Median price $ v $195.2K m/m more... (related XHB SPY SHY EUR/USD )

[10:00] {fernp} QID

[10:00] {dino} hmmm glad i waited

[10:00] {fernp} valid here Vad?

[10:01] {dino} ]s/p lod

[10:01] {Threei} yes, on recross

[10:01] {Threei} if holding .90

[10:01] {fernp} ok

[10:01] {nemo} what up with aig?

[10:02] {Threei} no news AIG

[10:02] {Threei} just being itself I suppose

[10:02] {Threei} QID not a scalp for me

[10:03] {dino} ash sm l .50

[10:03] {dino} esi sm l .40

[10:04] {_Les__} RIMM threatening b/d vad?

[10:04] {Threei} MOT

[10:04] {Threei} Motorola Inc Officially launches Droid smartphone

[10:04] {Threei} - Model runs Google's Android smartphone software.

[10:04] {Threei} - Note: Back on 8/28 MOT commented that it was building its phone business around the Android platform

[10:04] {Threei} not sure RIMM

[10:05] {Threei} pretty much market dependent

[10:05] {Threei} VLO CEO: Impact of Congressional bill to regulate CO2 on VLO refineries will be "staggering" (31.85, -0.25, -0.78%) (related USO )

[10:09] {dino} out esi .15, +.75

[10:09] {Threei} wtg

[10:09] {dino} ty

[10:09] {fernp} yeah, gj

[10:09] {ese} nice dino

[10:09] {dino} ash to .25

[10:09] {dino} thx es

[10:09] {dino} lucky entry

[10:10] {dino} ash to .35

[10:10] {dino} out ash .34 ave, +.84

[10:10] {fernp} no go QID

[10:11] {ese} wow...take the rest of the day off

[10:11] {dino} lol, going for coffee

[10:13] {fernp} almost 1:1 QID, I need a crystal ball :)

[10:15] {dino} dji -3%, ndx, s/p -4.2% since last week. these have been bounce areas

[10:20] {strider} ENER

[10:20] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:20] {Threei} **Consensus expectations:

[10:20] {Threei} Crude: +1.4M

[10:20] {Threei} Gasoline: -1Me

[10:20] {Threei} Distillate: -700Ke

[10:20] {Threei} ENER takeover rumor

[10:20] {Threei} (again)

[10:21] {ese} l apol

[10:23] {dino} ash, esi pullbacks

[10:23] {ese} opps no price sorry .10

[10:24] {ese} out ..21 +.11

[10:24] {fernp} gj ese

[10:25] {dino} ash sm l .54

[10:25] {ese} its ok thought that it might bounce up but nahhhhh

[10:26] {Threei} market looks and feels breakdownish, yet no clear entries

[10:26] {dino} ash stop is .23 fwiw

[10:26] {nemo} oil announcement things will probably clear up

[10:26] {ese} the q's were bouncing at that time so it was worth a shot...but nothing came of it

[10:27] {Threei} QID, that wass rude

[10:28] {fernp} FTO Vad, valid breakout?

[10:29] {ese} it's working for you again dino........make athe coffee a double shot

[10:29] {dino} tighten ash to b/e

[10:29] {Threei} I wouldn't fern

[10:29] {dino} mkt drops

[10:29] {fernp} ok

[10:30] {fernp} yeah!!! ty

[10:30] {Threei} *DOE CRUDE: +775K V +1.4ME; GASOLINE: +1.6M V -1.0ME; DISTILLATE: -2.1MK V -700

[10:30] {nemo} wow...big gas build

[10:30] {nemo} I know...Captain Obvious

[10:30] {_Les__} valid consolidation in FSLR? Looks like it want's to glide higher...

[10:31] {nemo} that distillate number though...squeezing heating oil?

[10:31] {Threei} I'd rather play breakdown on FSLR if loses 153

[10:31] {nemo} aig vad?

[10:32] {Threei} but vilaility on FSLR is enormous, can kill you on spread alone

[10:32] {Threei} what about it?

[10:32] {nemo} too late

[10:32] {ese} thats a tricky one Les....minimum spread is always . around .20

[10:32] {dino} out ash flat

[10:33] {_Les__} vilaility? u mean vitality?

[10:33] {Threei} volatility

[10:33] {dino} apol lod

[10:33] {_Les__} :)

[10:33] {dino} ash, esi too

[10:33] {_Les__} b/d it is

[10:33] {nemo} threeish Les...and Lari isn't here to police him

[10:34] {_Les__} don't recall lot of FSLR talk mentioned here? difficult beast?

[10:34] {ese} so now it bounces apol

[10:34] {dino} i hate it

[10:34] {dino} fslr that is

[10:35] {dino} "better worlds" imo

[10:35] {nemo} frickin' amzn

[10:35] {ese} it's a beast....i tried to trade it a couple of times week before last and it drove me nuts with the volitility

[10:35] {ese} FSLR les

[10:36] {_Les__} what makes the volatility? computers, pro traders?

[10:36] {Threei} Short Setup: CAT 56 break

[10:36] {ese} probably both

[10:36] {Threei} this bounce high will be the stop level

[10:36] {ese} thats it's character......they each have there won character

[10:36] {ese} own

[10:37] {dino} ot: 3i i started atlas shrugged last night

[10:37] {Threei} not a small feat

[10:37] {Threei} just don't expect much from pure writing point of view :)

[10:38] {nemo} rimm...damn

[10:39] {Threei} .15 is resistance for CAT if sets up now

[10:39] {dino} ash sm l .00

[10:39] {ese} theres big money to be made in rimm nemo once it turns around though

[10:40] {dino} stop is .69

[10:40] {dino} big gap on rimm too58-48

[10:40] {ese} ya....just looking at that now

[10:41] {dino} at min. 58 should hit soon

[10:41] {ese} am considering bstop at 50 and just leaving it sit there

[10:42] {fernp} WFC also setting for a short play

[10:42] {dino} well -6 days out of 8, so odds w/you

[10:43] {ese} yup

[10:43] {Threei} 1:1 CAT

[10:43] {strider} too fast

[10:43] {fernp} not filled here

[10:44] {strider} still valid?

[10:44] {Threei} yes, same setup

[10:44] {nemo} aig vad short break 35

[10:45] {Threei} I guess... tough one nemo

[10:46] {Threei} let's trail CAT stop to above .10

[10:47] {Threei} .05 is more logical but could be a little too tight

[10:47] {_Les__} aapl testing previous supprt

[10:47] {fernp} ty

[10:47] {Threei} this market really needs to break down for real

[10:47] {strider} out +.10

[10:47] {strider} thx

[10:47] {Threei} CAT 1:1 again

[10:48] {ese} fitb geting hit

[10:48] {Threei} AIG beauty

[10:48] {nemo} crissakes quotes, froze, look at aig

[10:48] {Threei} Update: US House Financial Services commitee votes 49-14 to approve new rules for credit rating agencies

[10:48] {Threei} - committee felt agencies had misled investors in rating certain securities too high

[10:48] {Threei} quotes ok here

[10:48] {dino} tighten ash to .79 mkt drop

[10:48] {_Les__} aapl b/d

[10:49] {Threei} CAT 1:2

[10:49] {Threei} fern

[10:49] {Threei} look at QID

[10:50] {Threei} CAT 1:3, out in full

[10:51] {Threei} this is where I had QID exit in mind on original play

[10:51] {_Les__} great to watch, but would be nicer with real money :(

[10:53] {Threei} wow AIG... good call nemo

[10:54] {nemo} broken clock

[10:54] {fernp} QID cruel

[10:54] {Threei} nice breakdown market

[10:54] {dino} trv holds well, all too, pru breaking

[10:54] {Threei} just what it looked and smelled like

[10:54] {Threei} too bad QID choose to shake us out first, but CAT was there to help

[10:56] {fernp} yes, looking for my crystal ball in ebay

[10:56] {fernp} market and gold on lows

[10:57] {Threei} GLD actually testing two day's low

[10:57] {Threei} .20

[10:58] {fernp} could be a db... let's see

[10:58] {_Les__} thanks for realtime watch. Gonna sort out Bear's bizarre bank wiring requirements before end of day. cheers.

[10:59] {Threei} QID, pullback entry ideally is .15-.20 zone

[11:00] {dino} ash stopped -.21

[11:00] {Threei} a bit too sharp drop into .20, GLD

[11:01] {Threei} skipping break if occurs right now

[11:01] {fernp} HIG short if breaks 23.45?

[11:01] {Threei} but if bounces again, stays under .30, then breaks - I am in

[11:01] {Threei} not right now

[11:01] {Threei} again, too sharp rwed bar into support

[11:02] {Threei} GLD

[11:02] {Threei} valid

[11:02] {Threei} Short Setup: GLD .20 break

[11:02] {strider} shosrt .20?

[11:02] {Threei} stop above .30

[11:03] {Threei} hey, no shakeouts

[11:03] {Threei} just die

[11:03] {Threei} useless shiny yellow crap

[11:04] {fernp} no shakeout, pls

[11:04] {Threei} sigh

[11:04] {Threei} a bit too volatile

[11:05] {Threei} sharp spikes both eays

[11:05] {fernp} yes, ten cents stop here is nothing

[11:06] {Threei} Market Internals update at 11:00amET

[11:06] {Threei} - NYSE volume 440M shares, about 23% above its three-month average; decliners lead advancers by 4.5:1.

[11:06] {Threei} - NASDAQ volume 850M shares, about 16% above its three-month average; decliners lead advancers by 3.1:1.

[11:06] {Threei} - VIX index +5.5% to just over 26.00

[11:14] {dino} hmin sm l .50

[11:14] {dino} sgms sm l .20

[11:14] {dino} stops .17 hmin; .97 sgms

[11:16] {strider} thanks for the calls, dino

[11:16] {dino} np, hope they work

[11:16] {dino} i played tgese two yesterday, dropped big

[11:16] {strider} :)

[11:18] {dino} wow, really spelled these wrong

[11:19] {strider} oh, you meant GE and AMZN?:)

[11:20] {dino} lol, tgese=these

[11:20] {strider} oh, that's not so bad.

[11:20] {strider} target for SGMS?

[11:21] {Threei} yeah, much better than spell AAPL and GRMN

[11:21] {Threei} and = as

[11:21] {dino} .65ish

[11:22] {strider} I like your optimism!

[11:22] {dino} hmin is .99ish

[11:24] {Threei} you know what I am going to ask, right?

[11:24] {strider} No, you can't!

[11:24] {Threei} nah, not that

[11:24] {strider} Boris Karloff

[11:25] {Threei} lol

[11:25] {Threei} that's new

[11:27] {magoo} read on AMZN vad?

[11:27] {magoo} lows

[11:27] {dino} lol optimism, hmin down from yesterdays' open -$6; sgms -$5

[11:28] {Threei} long on pullback mags

[11:28] {Threei} closer to 121

[11:28] {dino} contrarian more me

[11:29] {dino} ash continues down on big beat

[11:29] {dino} wynn no luv yet

[11:29] {dino} esi, apol lod

[11:35] {Threei} QID precise bounce off .15

[11:36] {Threei} anyone caught it?

[11:39] {strider} HGSI bounce?

[11:42] {dino} sgms to flat hmin too

[11:43] {strider} sgms entry at .20, no?

[11:43] {strider} oh, toooo flat..

[11:43] {dino} skbi drop, thin

[11:44] {strider} thought you meant you were exiting flat.

[11:44] {dino} no stops to flat

[11:44] {strider} gotcha

[11:44] {strider} thx

[11:45] {dino} hmin, might want to lay out, trading gappy

[11:45] {strider} not in hmin

[11:45] {dino} ok

[11:46] {fernp} GLD again on lows

[11:49] {Threei} isn't it nasty?

[11:49] {Threei} 20 cents jump out of nowhere

[11:49] {fernp} yes, untradeable

[11:50] {Threei} look at 1 min on it, want to show you guys something

[11:50] {Threei} see greakdown at 10:47?

[11:50] {Threei} breakdown

[11:51] {Threei} perfect setup and floowed up perfectly

[11:51] {dino} hmin out .75, +.25

[11:51] {Threei} more or less decent setup, breakdown and follow up at 10:00

[11:51] {Threei} the rest is listless jumps up and down,.

[11:52] {Threei} seemingly setting up, then kills you if you try it.

[11:52] {Threei} Now,

[11:52] {Threei} have a look at market

[11:52] {fernp} Qs?

[11:52] {Threei} yup

[11:52] {Threei} see breakdowns at 10:00 and 10:47?

[11:52] {Threei} I don't think it's an accident

[11:52] {Threei} this thing works flawlessly when supported by the market,

[11:53] {Threei} but the tricky part is:

[11:53] {Threei} when market does nothing and stays in narrow range,

[11:53] {nemo} gld

[11:53] {Threei} GLD doesn't,

[11:53] {Threei} instead it pretends to form setup and trigger,

[11:53] {Threei} then ruins the play by sharp countermove

[11:54] {Threei} So, if this observation is correct, it's a player when the arket moves and "leave it alone" when it doesn't,

[11:54] {Threei} or better yet:

[11:54] {Threei} let's track down such "setup"

[11:54] {Threei} and fade it

[11:55] {Threei} let's papertrade this one for instance

[11:55] {Threei} .25 long

[11:55] {Threei} if stays above .15

[11:56] {Threei} market is locked, so by that theory it's likely to pretend to break down, then jump sharply

[11:56] {Threei} market selloff though will turn it into real breakdown

[11:58] {Threei} .20 break

[11:58] {Threei} if holding .10

[11:59] {fernp} paper?

[11:59] {Threei} or smallish shares

[11:59] {Threei} just testing the idea

[11:59] {fernp} ok

[11:59] {Threei} trying to turn enemy into friend

[11:59] {fernp} lol

[12:01] {Threei} modification #2

[12:02] {Threei} .16 trigger

[12:02] {Threei} if holdin above .10 again

[12:02] {fernp} feels like a nice breakdown (this is the typical breakdown I play)

[12:02] {Threei} lol, 5 sents stop on such animal

[12:03] {Threei} target closer to .30

[12:03] {Threei} sharp spike should take place now

[12:03] {Threei} if I got its behavior right

[12:04] {Threei} (RU) Reportedly Russia Fin Min is still mulling a large gold sale after cancelling a sale from reserves due to a media leak (related GLD )

[12:05] {fernp} we have a new friend :)

[12:05] {Threei} lol

[12:06] {Threei} rwached 1:2, and probably would be good for more if not this headline

[12:06] {Threei} reached

[12:07] {Threei} most remarkably, was possible to play with 5 cents stop

[12:07] {fernp} .25 was my virtual target and reached it

[12:08] {Threei} power of observation...

[12:08] {nemo} 55.20 3rd time for cat

[12:10] {dino} out sgms flat

[12:10] {strider} out sgms:(

[12:11] {dino} lets see if lod holds on it

[12:11] {strider} nice dbl bottom on 10 min chart

[12:11] {nemo} apol lost low

[12:12] {dino} lots of stuff i follow -10 to -20%

[12:12] {dino} in few days

[12:13] {strider} sgms I think the smart money just needs to reload

[12:13] {dino} esi back to july levels

[12:15] {dino} trades w/market

[12:15] {dino} today

[12:20] {nemo} apol could be in for big drop here

[12:21] {nemo} so much for second broken clock moment

[12:21] {Threei} 60 break

[12:21] {nemo} yeah

[12:22] {Threei} why not, nicely looking setup

[12:22] {nemo} invalidated now

[12:22] {Threei} will need to consolidate closer to it

[12:23] {nemo} sonafa...

[12:23] {fernp} 35 cents stop...

[12:25] {dino} ndx -5% 6 days

[12:25] {fernp} HIG not falling with market

[12:25] {nemo} aig short .89

[12:25] {Threei} IA) US House Panel passes the Iran refined petroluem sanctions act

[12:25] {Threei} - Note: Iran is a net importer of refined petroleum products

[12:26] {nemo} invalidate

[12:30] {Threei} Market Internals update at 12:30pmET

[12:30] {Threei} - NYSE volume 720M shares, about 40% above its three-month average; decliners lead advancers by 5.4:1.

[12:30] {Threei} - NASDAQ volume 1.33B shares, about 18% above its three-month average; decliners lead advancers by 3.4:1.

[12:30] {Threei} - VIX index +5.5% to just over 26.00

[12:31] {dino} not good high vol. drops

[12:35] {fernp} Im long here HIG .51 stop under .45

[12:43] {Threei} Preview: Treasury's $41B 5-year note auction results due just after 1PM ET

[12:43] {Threei} - $41B auction size is a $1B increase from Sep and another record

[12:43] {Threei} - prior bid-to-cover ratio 2.40 with an average of 2.22 over the last 10 auctions

[12:44] {nemo} that could be a real buzz-kill

[12:45] {Threei} buzz?

[12:45] {Threei} there is a buzz to kill?

[12:45] {nemo} term for when in a chemically induced euphoria

[12:46] {nemo} and then an incident comes along to negate the mood

[12:46] {Threei} let me try again...

[12:46] {Threei} there is any sign of euphoria around, chemically induced or othrerwise?

[12:46] {nemo} no...but it could further the demise

[12:49] {dino} or that guy on family guy, mr. buzzkill, can't remember his first name

[12:49] {nemo} sonafa...apol

[12:51] {fernp} QID vad?

[12:51] {fernp} no go HIG

[12:52] {Threei} hard to tell... I believe in further breakdown in the market but shakeouts are everywhwere

[12:52] {fernp} thanks

[12:52] {Threei} and this auction comes in a few minutes

[12:53] {Threei} may send market down screaming or start a vicious bounce

[12:53] {Threei} anyone's guess

[12:53] {nemo} any ac/dc setups?

[12:53] {strider} hey, this is a family room!

[12:54] {Threei} Buzz Killintgton, dino

[12:54] {nemo} you mean the Vermont ski area?

06[12:55] * nemo slaps strider around a bit with a large book of threeish etiquette

06[12:56] * nemo reminds strider to think about who runs this asylum

[12:57] {strider} Vad the Impaler?

[12:57] {KSystems} who was this seeing his birthday every time the markets were going down?

[12:57] {nemo} yeah...Darth Vad

[12:57] {nemo} Du spinnst...

[13:01] {nemo} cof at support too

[13:01] {Threei} TREASURY'S $41B 5-YEAR NOTE AUCTION draws 2.388%; BID-TO-COVER RATIO 2.63 V 2.40 PRIOR AND 2.22 AVG OVER THE LAST 10 AUCITONS

[13:02] {nemo} the fed buy it all?

[13:02] {Threei} indirect bidders take 54.8% of competitive bids with 2.81% alloted at the high

[13:02] {dino} me ks

[13:02] {dino} -317

[13:02] {nemo} for what today?

[13:03] {dino} now fall 08-feb 09

[13:03] {Threei} well, what does this auction result mean?

[13:03] {dino} ]many -317 days

[13:03] {nemo} wtfn

[13:03] {nemo} I don't understand dinoish

[13:03] {Threei} HIG bounce starts

[13:03] {nemo} cof too

[13:04] {dino} patience remembers

[13:09] {Threei} MTXX...

[13:09] {Threei} class action suit dismissed

[13:09] {Threei} shrug

[13:09] {Threei} big deal

[13:11] {Threei} now, tell me FDA lifted that ban on their product troubled by loss of smell

[13:11] {Threei} and I'll grab all I can

[13:11] {Threei} that would send the stock to 10

[13:11] {Threei} or 15

[13:11] {ese} L fitb .8699 to be exact

[13:11] {ese} why don't we make it .87.....wha da ya say

[13:12] {Threei} no way

[13:12] {Threei} what kind of sloppy accounting that would be

[13:13] {ese} ya your right.....damn what was i thinkin

[13:14] {Threei} sin no more

[13:14] {Threei} nice bounce HIG

[13:14] {nemo} takes all the fun out of life

[13:14] {Threei} sorry nemo... I'll be known from now on as Buzz Killington

[13:15] {nemo} ahhh...amzn about to make 2nd test of VWAP...maybe...at .85

[13:15] {dino} thats the name

[13:15] {Threei} http://familyguy.wikia.com/wiki/Buzz_Killington

[13:15] {nemo} ohhhh...don't watch that show...hate everything about it except stewie

[13:16] {Threei} I just love the moment whehn he finishes his "joke", and Peter takes off his glassses and wipes his eyes with deep sigh

[13:16] {Threei} wow HIG

[13:17] {dino} hmin sm l .37

[13:17] {Threei} I think bounce continuation after pullback guys

[13:17] {Threei} no new lows for today

[13:18] {dino} psys sm l .05

[13:18] {Threei} HIG entry on pullback around .40

[13:19] {nemo} apol weak

[13:20] {dino} ya think, lol

[13:21] {nemo} in this runup dude...geez

[13:21] {magoo} CIT mental

06[13:21] * nemo slaps dino around a bit with a large trout

[13:22] {Threei} 1:12:17 PM

[13:22] {Threei} CIT Group Inc Obtains $4.5B in financing through Expansion of Existing Secured Credit Facility; responds to Icahn letter

[13:22] {Threei} - expanded its current $3B senior secured credit facility by an additional $4.5B.

[13:22] {Threei} - The new $4.5B tranche, which is being provided by a diverse group of lenders, including many of the Companys bondholders, will be secured by substantially the same assets as the existing $3B tranche and any additional collateral that becomes available as a result of the Companys refinancing of certain existing secured credit

[13:23] {Threei} missed it

[13:27] {ese} out fitb .97 +.10

[13:27] {ese} all you really need is one good trade a day........

[13:33] {Threei} if you play 2 zillions little buggers, sure

[13:35] {ese} that was only 25k .......ehhhhhhhhh

[13:36] {Threei} Just 4% Trust Reporters More Than Themselves on Whats Good for America

[13:36] {Threei} that's really low % of idiots

[13:36] {Threei} unnaturally low

[13:42] {ese} lol

[13:43] {ese} pretty funny vad

[13:43] {Threei} moving target ese...

[13:44] {Threei} just as I celebrate sanity of population after reading something like that, I usually run into "35% believe higher tax helps economy"... and I am lost again

[13:46] {ese} yuuuuuuuuuup..............

[13:48] {Threei} HIG perfect bounce off .40

[13:48] {Threei} anyone got it?

[13:48] {tomg} i got it vad

[13:48] {fernp} missed

[13:48] {strider} rewind?

[13:48] {Threei} or you guys don't pay attention to any comment but exact immediate call?

[13:48] {Threei} ty tom

[13:48] {Threei} you made my day

[13:48] {Threei} someone pays attention

[13:48] {nemo} you said that a long time ago in moth-time

[13:48] {tomg} you made mine, too :)

[13:49] {ese} i'm just watchin......

[13:49] {Threei} strider... rewinding:

[13:49] {Threei} [13:17] {Threei} I think bounce continuation after pullback guys

[13:49] {Threei} [13:17] {Threei} no new lows for today

[13:49] {Threei} [13:18] {dino} psys sm l .05

[13:49] {Threei} [13:18] {Threei} HIG entry on pullback around .40

[13:49] {ese} still enjoying my last trade

[13:49] {ese} although.......if i can get into your habit vad....

[13:49] {strider} that was 30 minutes ago!

[13:49] {nemo} yeah...might as well been last century crissakes

[13:49] {ese} of selling half and hangin in there with

[13:50] {ese} other 1/2 with stop loss

[13:50] {ese} maybe could enjoy them more

[13:50] {nemo} amzn looking toppy

[13:51] {ese} ya strider.....the enjoyment can hang in there for a while......lifes to short not to enjoy

[13:51] {ese} what can i say

[13:51] {Threei} ese, if you feel you got the established direction, try it

[13:51] {strider} yeah, I've slept since then. :)

[13:51] {Threei} risk is none, you are playing with house money after booking half and trailing stop

[13:52] {Threei} look at HIG

[13:52] {ese} i need to buy vad a bottle of champaanea at the end of this year to celebrate the most successful trading year of my life

[13:53] {Threei} single malt will do

[13:53] {ese} done

[13:53] {nemo} I'll take a Bernkastler Doktor Beerenauslese

[13:53] {Threei} GM Reportedly GM to draw on Government loan in coming days - WSJ

[13:53] {Threei} **Note, earlier today GMAC was to sell $3B in FDIC backed 3-year bonds

[13:53] {ese} what the f&^% is that

[13:53] {nemo} wine

[13:53] {nemo} ask K

[13:54] {ese} wow never heard of tit

[13:54] {ese} it

[13:54] {nemo} arguably the best Riesling on the Mosel

[13:59] {Raven} Trockenbeerenauslese

[13:59] {nemo} yeah...if you can find it

[13:59] {Raven} I get it at the gas station

[14:00] {Threei} lol

[14:00] {ese} ha ha ha ha ha rotfl

[14:00] {nemo} I'm visiting my uncle for Thanksgiving...he's got two bottles of auslese

[14:00] {Raven} Speedway

[14:00] {nemo} We both no better than that Raven

[14:00] {ese} man.......now that made my day

[14:00] {nemo} know

[14:00] {Raven} lol

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

[14:00] {Threei} - NYSE volume 955M shares, about 40% above its three-month average; decliners lead advancers by 6.3:1.

[14:00] {Threei} - NASDAQ volume 1.76B shares, about 21% above its three-month average; decliners lead advancers by 3.6:1.

[14:00] {Threei} - VIX index +7% to just over 26.50

[14:01] {nemo} hell most "wine" stores don't carry it

[14:02] {Raven} too sweet anyway

[14:03] {nemo} Trocken...yeah...but I'd suffer through a Doktor, Graben, or Schloss Vollrads

[14:03] {Raven} Moonshine works for me

[14:03] {nemo} works for me too...just more painful to drink

[14:03] {Raven} does not take as much

[14:04] {nemo} helluva' lot cheaper though...not counting the ulcers

[14:04] {Raven} more toxic aldehydes and keytones in the wine

[14:04] {Raven} good shine is just CH5OH

[14:05] {nemo} I'll get over it

[14:07] {fernp} have to go. see you all tomorrow. good evening

[14:07] {Threei} take care fern

[14:09] {nemo} aig

[14:10] {dino} psys stopped -.25

[14:12] {Threei} I'll be very surprized if we make new low today

[14:14] {dino} coin toss imo

[14:16] {Threei} Short Setup: QID .44

[14:16] {Threei} if stays under .50

[14:16] {Threei} not a scalp looking for sizeable market bounce

[14:17] {nemo} you mean "drop"?

[14:17] {Threei} ??

[14:17] {Threei} it's QID

[14:17] {nemo} nevermind..IDIOT ME!

06[14:17] * nemo slaps nemo around a bit with a large trout

[14:18] {Threei} invalidated but watching for reestablishment

[14:18] {Threei} HIG should be bounce-ready around .60

[14:20] {nemo} vwap on hig is .60

[14:20] {dino} you were saying 3i?

[14:20] {dino} lows coming

[14:21] {Threei} so I'll be surprized

[14:21] {nemo} Lari!

[14:21] {Threei} won't be a first

[14:22] {Threei} HIG is ready with market help

[14:22] {dino} dji new lows

[14:23] {Threei} crap

[14:23] {dino} ndx surprise too

[14:23] {Threei} look what kills the market:

[14:23] {Threei} NY Fed Advisor: FOMC could change therate language nex tweek

[14:23] {dino} spx surprise

[14:23] {Threei} this is what stopped bounce in its tracks

[14:23] {nemo} no...not the language...anything but that

[14:25] {Threei} caught .56 on HIG

[14:26] {Threei} Auto Industry Group: Expecting China to initiate an anti dumping case against the Big 3 in the US; have not yet seen specifics

[14:26] {Threei} wtf

[14:28] {Threei} - Reports indicate that approx 9K vehicles are exported to China from the Big 3

[14:28] {Threei} yeah, that floods China with US-made cars

[14:28] {nemo} yeah...and they buy what...a million a month

[14:31] {Threei} Short Setup: QID .55 break if stays under .60

[14:32] {strider} what's the setup here?

[14:32] {Threei} double top

[14:32] {strider} k

[14:32] {nemo} 2nd peak inside bollinger bands

[14:35] {dino} psys rined

[14:36] {ese} gotta go all.......we have Chaka Khans daughter coming to see us at rehearsal today.....gonna be a fun day

[14:36] {Threei} take care ese

[14:36] {ese} cya vad

[14:36] {dino} cool

[14:37] {ese} yup

[14:37] {Threei} come on already market, it's time

[14:37] {Threei} sigh

[14:44] {Threei} can't get a grip on this moment

[14:44] {Threei} everytbhing was in place for a nice juicy bounce,

[14:44] {Threei} then this headline came about

[14:44] {Threei} and spooked players

[14:44] {Threei} whole dynamic changed

[14:45] {Threei} and btw, guess who is on TV

[14:45] {nemo} Kyra Sedgwick?

[14:45] {Threei} inventive

[14:46] {nemo} thank you...i guess

[14:46] {Threei} AIG...

[14:46] {Threei} mags... you here?

[14:47] {Threei} feels like fireworks coming... no technicals whatsoever though

[14:48] {magoo} up?

[14:48] {Threei} yeah

[14:49] {magoo} ok in

[14:49] {magoo} .96

[14:51] {Threei} does this qualify as fireworks?

[14:51] {magoo} no points does

[14:52] {magoo} like 38

[14:52] {Threei} eeck

[14:54] {Threei} US Pres Obama has signed $680B defense authorization bill for 2010

[14:54] {Threei} I just wish I knew why it must be done on TV

[14:57] {Threei} 50 cents

[14:58] {nemo} Propaganda Ministry

[14:58] {Threei} I knew it was your trade mags

[14:58] {Threei} personalized call

06[14:58] * Threei slaps magoo around a bit with a large roll of cash

[15:02] {dino} apol back to may levels

[15:02] {Threei} (EU) ECB's Noyer: no reason to raise interest rates at this time; US has everything to gain from strong USD

[15:02] {Threei} - No reason to believe global growth cannot return to 5% in coming years

[15:02] {Threei} - Many uncertainties remain in 2010 growth

[15:02] {dino} 52 week low 52s

[15:03] {Threei} dino... -40-50 is my finish bet

[15:04] {Threei} larisa is not here to take middle ground

[15:04] {Threei} so it's polarized bet, yours against mine

[15:05] {dino} the efficient market strikes again, see bidu, lol

[15:05] {Threei} lol

[15:05] {Threei} so, your call?

[15:05] {dino} my bet 3i towards lows, say 9770s

[15:05] {dino} so -95ish

[15:06] {Threei} I really want to put my money on that and short QID but this bouncing around just won't let me find a good entry

[15:14] {Threei} wow, am I off or what

[15:14] {dino} feels heavy

[15:16] {dino} all, trv held strong

[15:26] {Threei} RCL...

[15:27] {Threei} if stays uner .80, short on low break

[15:33] {Threei} Market Internals update at 3:30pmET

[15:33] {Threei} - NYSE volume 1.25B shares, about 42% above its three-month average; decliners lead advancers by 10.9:1.

[15:33] {Threei} - NASDAQ volume 2.29B shares, about 21% above its three-month average; decliners lead advancers by 5.1:1.

[15:33] {Threei} - VIX index +9% to just over 27.00

[15:33] {Threei} wow... serious volume came in today

[15:34] {Threei} (US) Consumer Group: US sugar supplies are inadequate and USDA should increase import quotas (related JJG IPSU )

[15:34] {Threei} are we running out of sugar?

[15:34] {Threei} last year it was rice, right?

[15:38] {nemo} cya tomorrow folks

[15:39] {Threei} take care nemo

[15:39] {Threei} dino you win

[15:40] {Threei} I really doubt on last 20 min we bounce that much as I need to save my bet

[15:43] {dino} anything's possible in this market.

[15:49] {dino} some brutal 2-3 day pullbacks

[15:53] {strider} See you guys tomorrow...

[15:54] {Threei} take care strider

[15:55] {strider} :)

[15:55] {dino} cya

[15:56] {dino} s/p gap 1040, oct 6

[15:59] {Threei} thank you asll

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {lasertrev} see ya

[16:03] {dino} fslr blood

[16:04] {Threei} First Solar Inc. Reports Q3 $1.79 v $1.74e, R$481M v $529Me

[16:04] {Threei} - Guides FY09 R$1.98-2.03B v $2.0Be (Guided FY09 R$1.9-2.0B on 7/30)

[16:05] {Threei} SYMC Reports Q2 $0.36 v $0.33e, R$1.47B v $1.43Be; Announces $1B buyback

[16:06] {dino} itri whack a mole

[16:07] {dino} who was asking on fslr today? pain

[16:07] {Threei} then more pain

[16:08] {Threei} if magoo wakes up and sees FSLR at 70 tomorrow, he will buy all shares there is

[16:08] {Threei} AKAM Reports Q3 $0.18 v $0.35e, R $206.5M v $199Me - Update

[16:09] {Threei} - The number of customers under recurring contracts at the end of the third quarter increased to a record 3,031, an 8 percent increase year-over-year.

[16:09] {dino} fslr gap around 122

[16:09] {dino} akam, nongap .38

[16:13] {dino} ok tomorrow big up, cramer just posted 9500 coming

[16:15] {Threei} here comes my bounce

[16:15] {dino} gn all

[16:15] {Threei} take care

Oct 27 2009

Finally a strong day with majority of trades working nicely. We limited mist of them to scalps to stay on careful side but nonetheless it shaped up quite well.

Session Time: Tue Oct 27 00:00:00 2009

[08:04] {magoo} morning

[08:06] {magoo} WHATTTTTTTTTTT

[08:06] {magoo} bidu down 73 points

[08:07] {magoo} 15 - 20 points the norm...73?????????????????????????

[08:10] {Threei} seems grossly overdone to me... but you know...

[08:10] {Threei} these things have inertia of their own

[08:10] {magoo} in all my years trading

[08:11] {magoo} bidu..goog never more than 30 points

[08:11] {Threei} DRYS report looked excellent... heavy selling into strength

[08:11] {magoo} we should take 200 somewghere amnd might catch 20 pts boss

[08:12] {magoo} can u get bidus report numbers?

[08:13] {Threei} Baidu.com Reports Q3 $2.07 v $1.83e, R $187.3M v $188Me

[08:13] {Threei} - Guides Q4 Revenues $174-180M v $204Me

[08:13] {Threei} - Q3 online marketing revenues +39% y/y

[08:13] {Threei} - Q3 active online marketing customers (+11.3% y/y and +6.4% q/q)

[08:13] {Threei} - Q3 revenue per online marketing customer +25.5% y/y

[08:13] {Threei} - Q3 R&D expenses +49.2% y/y

[08:13] {Threei} - Traffic acquisition costs as a component of cost of revenues were $28.7, representing 15.3% of total revenues v 11.8% y/y

[08:13] {Threei} - Comments:

[08:13] {Threei} - Baidu expects moderate year-over-year growth for the fourth quarter of 2009 due to the temporary negative impact anticipated when the Online Marketing Classic Edition is discontinued.

[08:13] {Threei} Baidu.com CEO Robin: Phoenix Nest System to have 10% impact on sales in Q4; sales impact may last "a couple of quarters"

[08:18] {magoo} i read it..is that THAT THAT bad?

[08:18] {Threei} not to me

[08:19] {Threei} but beware of forming a bias and trading on it

[08:19] {nemo} market sign how it's processing news on a bellewether?

[08:19] {nemo} good morning

[08:19] {Threei} right

[08:20] {nemo} I'm not as dumb as I look....then again...

[08:20] {nemo} Nobody could be THAT dumb...

[08:28] {Threei} mags

[08:28] {magoo} yea

[08:28] {Threei} this starts looking like first bounce area

[08:28] {Threei} but hey

[08:28] {Threei} you know how enormous the risk is on this animal

[08:28] {nemo} mags middle name

[08:31] {nemo} $ up .09

[08:31] {nemo} .07

[08:32] {Threei} 3 points up from my "call"

[08:32] {nemo} you play?

[08:32] {Threei} me no

[08:32] {nemo} towel stock?

[08:32] {Threei} me thinks of magoo who needs his dose of adrenaline

[08:34] {nemo} amzn in no-man

[08:34] {nemo} 's land

[08:35] {Threei} don't worry, it will hit new highs soon enough {G}

[08:36] {Threei} Iran govt: against sending a majority of its enriched uranium abroad all at once - Iranian State TV

[08:40] {Threei} (US) PIMCO's Bill Gross: GDP needs to stabilize at around +4% for the FOMC to raise rates

[08:40] {nemo} that'll be awhile

[08:41] {Threei} I wonder how hhe arrived to this particular number

[08:41] {Threei} and why it's the only indicator for such broadly involved move

[08:43] {Threei} DRYS is trying

[08:44] {KSystems} morning

[08:44] {nemo} morgen

[08:44] {Threei} ks :)

[08:45] {magoo} unlkess there is other news or something coming out..this BIDU is just STUPID

[08:46] {magoo} 84 points!!!!!!!!!!!!!!!!!!!!

[08:46] {Threei} DryShips, Inc Esitmates 2010 ship charter coverage at 92% with charters averaging $33,860/day - conf call comments

[08:46] {Threei} - Estimates 2011 ship charter coverage at 77% with charters averaging $37,110/day.

[08:49] {ese} morning

[08:49] {Threei} ese :)

[08:49] {Threei} mood is changing on it mags

[08:49] {ese} morning vad..and dude

[08:50] {magoo} in the context of this fall..it has yet to bounce

[08:51] {magoo} c'mon..it could bounce 40 points and still be a crushing

[08:51] {magoo} but i can tell its not going to do that

[08:52] {Threei} the question is, can you stomach 10 points drop if it choses to do so first?

[08:53] {magoo} anyone know where support is? like 335 or something?

[08:53] {ese} wow......bidu....82pt drop

[08:54] {nemo} 344

[08:54] {magoo} and why?

[08:54] {nemo} gap

[08:55] {nemo} next probably 317 area

[08:55] {nemo} then 304

[08:56] {fernp} Good morning everybody

[08:56] {Threei} fern :)

[08:56] {Threei} panic

[09:00] {Threei} AUG S&P/CASE SHILLER HOME PRICE INDEX: 146.0 V 144.2 PRIOR

[09:00] {nemo} $ -.03

[09:09] {nemo} maybe got your right shoulder on BIDU

[09:10] {Threei} need 350 decisive break for confirmation

[09:13] {strider} morning all:)

[09:13] {Threei} strider :)

[09:13] {ese} strider

[09:14] {Threei} DRYS battle

[09:15] {strider} CE, LDK, HMC

[09:15] {magoo} real battle @ 350

[09:16] {strider} Not as exciting as BIDU

[09:16] {ese} drys will follow the markets.......if the day goes down so will it ......even though the q was good.....it won't act on it's own

[09:16] {Threei} I agree ese

[09:17] {ese} i sold my position in it yesterday morning......and am now in a wait and see game

[09:17] {Threei} here we go BIDU

[09:20] {ese} i don't know that i've ever woken up to seeing something down 80 some points before......it's rare for me anyway

[09:21] {larisa} gm :)

[09:21] {magoo} OUIT 350.- to 354.50

[09:21] {nemo} 20% drop?

[09:21] {Threei} who went for it, be humble

[09:21] {magoo} WHEW

[09:21] {Threei} take 4 points jump

[09:21] {ese} larisa

[09:21] {Threei} larisa :)

[09:21] {Threei} wtg mags

[09:21] {nemo} Lari :)

[09:21] {larisa} :)

[09:21] {magoo} scared

[09:21] {dptl} morning

[09:21] {magoo} even me

[09:21] {Threei} dp :)

[09:21] {ese} wow mags

[09:21] {Threei} rightly so

[09:22] {ese} you bet scary

[09:22] {dino} gm all

[09:22] {Threei} AMZN trade looks like your average walk in the park comparing to this

[09:22] {ese} good job

[09:22] {Threei} dino :)

[09:23] {ese} eeeeyaaaaaaaaa

[09:23] {ese} give me amzn anyday over bidu

[09:24] {dino} funny 42% growth, no good

[09:25] {ese} is that for bidu 42%

[09:25] {dino} yeah

[09:26] {dino} wynn beats and drops .33 vs .15 est

[09:26] {Threei} there are buts in there

[09:27] {dino} a chair for every butt

[09:27] {Threei} not with BIDU... chairs are far and few between in it

[09:27] {Threei} a lot of butts miss their chair and hit the floor with thud

[09:28] {ese} lol

[09:29] {magoo} lowered guidance BIDU..thats why

[09:29] {Threei} switch to new technology impact

[09:32] {Threei} HIG, watching for pullback entry

[09:32] {Threei} under .60

[09:32] {magoo} AMZN kicked here

[09:33] {magoo} server vad

[09:33] {Threei} 12

[09:33] {cosmo} MDVN 28 hod ...so far

[09:34] {magoo} ty

[09:35] {Threei} missed HIG

[09:35] {Threei} anyone got it?

[09:35] {Threei} got distracted by LULU for one second

[09:36] {nemo} aig tank

[09:37] {magoo} u know..its a shame bidu didnt bounce like this BEFORE the bell..i would have rode it...but was tio afraid to hold into open

[09:38] {magoo} i KNEW it

[09:38] {magoo} 85 points is RETARDED

[09:39] {cosmo} AGNC

[09:39] {cosmo} tries to heal maybe

[09:41] {Threei} Short Setup: CAT half lot .10 break

[09:41] {Threei} if stays under .25

[09:42] {ese} drys broke yesterdays low

[09:42] {Threei} things are really jumpy this morning

[09:43] {ese} market will be in correction mode for a little bit i think......... imo

[09:43] {Threei} long overdue

[09:44] {magoo} in cat

[09:44] {Threei} US) Preview: Oct Richmond Fed Manufacturing Index due out at 10amET

[09:44] {Threei} **consensus expectation: 14e v 14 prior

[09:45] {Threei} US) Preview: Oct Consumer Confidence due out at 10amET

[09:45] {Threei} **concensus expectation: 53.5e v 53.1 prior

[09:45] {cosmo} AGNC 26.60 hod

[09:45] {cosmo} gonna test

[09:46] {cosmo} i think

[09:46] {Threei} CAT 1:1

[09:46] {nemo} ty

[09:47] {magoo} my quotes so bad..tried every server..gonna revbboot

[09:48] {Threei} your end mags

[09:48] {Threei} fine here

[09:49] {ese} yrcw.....at it again

[09:49] {Threei} what's with me and HIG today, keep missing it

[09:50] {Threei} Long Setup: RIMM half lot .70 break

[09:51] {Threei} never mind

[09:51] {cosmo} AGNC 26.60 testing

[09:51] {cosmo} possible pivot

[09:53] {magoo} back

[09:55] {magoo} iun anything?

[09:55] {nemo} coma?

[09:55] {Threei} numbers in 5

[09:55] {Threei} let's wait them out

[09:55] {magoo} oh

[09:56] {Threei} smackdown can be harsh

[09:56] {Threei} don't want to get caught in extreme reaction

[09:56] {Threei} a lot of stocks more nervous today than usual as it is

[09:57] {cosmo} agnc

[09:58] {Threei} GLD forming breakdown

[09:58] {Threei} .60

[09:59] {Threei} if numbers send market down, that's a good short

[09:59] {nemo} aig poised to drop

[09:59] {fernp} LVS too

[10:00] {Threei} OCT RICHMOND FED MANUFACTURING INDEX: 7.0 V 14E

[10:00] {Threei} *(US) OCT CONSUMER CONFIDENCE: 47.7 V 53.5E

[10:00] {nemo} oh boy

[10:00] {Threei} yikes

[10:00] {nemo} sell the women and children

[10:00] {Threei} to whom?

[10:00] {Threei} no buyers in sight

[10:00] {nemo} eh...good point

[10:00] {Threei} lol

[10:01] {Threei} EUR/USD USD firms on risk aversion following consumer confidence data

[10:01] {cosmo} offer a free trial, nemo

[10:01] {Threei} anyone went for GLD, start covering

[10:01] {strider} out GLD .22 thanks

[10:01] {Threei} wtg

[10:02] {Threei} watching HIG for bounce

[10:04] {Threei} something about it today, can't get a read on it

[10:04] {strider} LDK holding well

[10:04] {strider} upgrade

[10:04] {Threei} sheesh, how did I forget about CAT on those numbers

[10:04] {Threei} what a short that wads

[10:08] {ese} whats going on.....all my quotes have stopped

[10:08] {Threei} Short Setup: AMZN .50 break

[10:08] {Threei} half lot

[10:08] {Threei} if stays below .65

[10:08] {Threei} invalidated

[10:10] {ese} out of commision here...patience how about you

[10:10] {Threei} Long Setup: HIG .50 break

[10:11] {Threei} if stays above .40 for scalpers

[10:11] {Threei} .35 for day traders

[10:12] {magoo} in

[10:12] {Threei} big offer at .50, why go in aggressively

[10:12] {nemo} You're asking Magoo?

[10:12] {magoo} half lot..will add at trigg

[10:13] {magoo} like to get in

[10:13] {magoo} add as it goies

[10:13] {magoo} me and jesse

[10:13] {magoo} livermore

[10:13] {magoo} see

[10:13] {Threei} 1:1 for scapers

[10:13] {fernp} ty

[10:13] {nemo} Lari!

[10:14] {Threei} 1:1 for day traders

[10:14] {strider} out +.17 HIG

[10:14] {strider} early entry

[10:14] {Threei} finally found entry on this thing, lol

[10:14] {fernp} great job strider

[10:14] {strider} Thanks...I hate to get caught up in the rush

[10:15] {magoo} out .73 TY

[10:15] {Threei} welcome

[10:15] {gnslng} ty

[10:15] {Threei} :)

[10:15] {ese} well i'm cut off.......no quotes from broker

[10:15] {magoo} i knew u'd get it right 1 of those tries

[10:15] {strider} who's your broker, ese?

[10:15] {ese} questrade in toronto

[10:16] {Threei} ese is trading with "I know I should have dumped this piece of crap long ago"

[10:16] {ese} been to lazy to change

[10:16] {ese} yup

[10:16] {magoo} i thinking of switching to them

[10:16] {Threei} lol

[10:16] {magoo} heard great things

[10:17] {ese} such as

[10:17] {strider} CNC

[10:17] {ese} somebody give me a quote for drys

[10:17] {magoo} well..i heard they are 286 and commodore compatible

[10:17] {Threei} am I blind today or what

[10:17] {Threei} clean double top on AMZN

[10:17] {Threei} lol

[10:18] {Threei} I knew it oughta be good mags

[10:18] {Threei} 6.52 ese

[10:18] {ese} tks

[10:18] {strider} VAD, IACI.

[10:19] {strider} ?

[10:19] {Threei} if we were in uptrending market, I'd say buy it and leave it alone for couple hours

[10:20] {Threei} as it is... really don't know

[10:20] {Threei} hate to go long in this swamp,

[10:20] {strider} thx

[10:20] {Threei} hate to short uptrending stock

[10:22] {Threei} (RU) Russia Central Bank: more than 30 banks with serious problems

[10:28] {fernp} SYY also is a hod breakout

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 300M shares, about 6% above its three-month average; decliners and advancers are about even.

[10:31] {Threei} - NASDAQ volume 590M shares, about 5% above its three-month average; decliners and advancers are about even.

[10:31] {Threei} - VIX index +1.75% to just under 25.00

[10:31] {Threei} QTWW Fisker Automotive confirms to buy auto plant for $18M; to build plug in hybrids (1.46, +0.11, 8.15%)

[10:36] {Threei} cat

[10:36] {Threei} want to find short entry on it

[10:37] {Threei} would prefer a bounce instead of breakdown

[10:37] {magoo} hey trev

[10:38] {lasertrev} hey magoo

[10:38] {ese} i'm back

[10:38] {Threei} no bounce

[10:38] {larisa} 56.45 support CAT

[10:38] {Threei} .45 break is short setup

[10:39] {Threei} if stays under .60

[10:40] {Threei} no go

[10:40] {magoo} futes trying up

[10:40] {Threei} I knew I didn't want breakdown

[10:41] {Threei} and HIG .40 break occured faster than I could alert

[10:42] {Threei} look at this clean 1:2 in 1 bar

[10:43] {magoo} mkts STRONG here

[10:43] {magoo} unreal

[10:43] {nemo} had two strong down days, makes sense

06[10:43] * magoo slaps nemo around a bit with a large trout

[10:44] {magoo} that makes more sense

[10:44] {nemo} in your twisted cranium

[10:44] {magoo} in the movie...u are the mad cap'n lol

[10:45] {nemo} takes one...

[10:45] {Threei} I hate to do it but

[10:45] {Threei} Long Setup: CAT 57 break

[10:45] {Threei} half lot

[10:45] {nemo} said with such conviction...

[10:46] {Threei} low of pullback before break plus a few cents will be stop

[10:46] {fernp} stop Vad?

[10:46] {fernp} ok

[10:46] {Threei} if breaks from here, .90 low

[10:48] {Threei} Long Setup: HIG .60 break if stays above .50

[10:50] {ese} L drys .55

[10:51] {Threei} HIG invalidated

[10:51] {fernp} CAT invalidated, no Vad?

[10:52] {Threei} yeah, too deep pullback

[10:52] {Threei} biunce maybe, breakout - no

[10:52] {fernp} ok

[10:52] {nemo} spy broke trend

[10:54] {Threei} (US) Reportedly US Congressional Deomcrats to unveil Bill to target tax evasion

[10:54] {nemo} Mmmhhhh...wonder if they'll go after Rangel

[10:58] {Threei} CAT reestablished

[10:59] {nemo} oops

[10:59] {fernp} a bit late

[11:00] {strider} ese you still in DRYS?

[11:01] {Threei} CAT, same setup again

[11:01] {Threei} invalida'ted

[11:01] {Threei} lol

[11:03] {ese} yup....

[11:03] {strider} thx

[11:03] {ese} will be accumulating a position over time here

[11:03] {strider} for overnight hold?

[11:04] {magoo} vad..start following AMZN please

[11:04] {ese} no this is a swing positon....maybe longer......

[11:04] {strider} k

[11:05] {ese} 20

[11:05] {ese} am prepared to take some heat if i have to

[11:06] {nemo} H&S on spy and Qs

[11:10] {Threei} watch for dive under 122 for double bottom entry mags

[11:12] {magoo} ty

[11:13] {magoo} jusyt want mkt cooperatiuoin troo

[11:14] {magoo} sigh..typing lol

[11:14] {Threei} lol

[11:14] {magoo} thats bad

[11:22] {dino} wynn sept gap fill

[11:24] {nemo} aapl should bounce around .60

[11:25] {nemo} I lied...amzn

[11:25] {larisa} confused me for sure:)

[11:26] {fernp} HGSI is holding on highs

[11:26] {Threei} remarkable strength

[11:28] {fernp} Im long .61 w/stop under .50

[11:28] {fernp} small shares, is lunchtime

[11:29] {Threei} good one

[11:29] {fernp} you know i am out, true? lol

[11:30] {fernp} ty

[11:36] {dino} ibcpo

[11:37] {magoo} i hit amzn .99

[11:37] {magoo} long

[11:39] {magoo} want more than a scalp...but u know what greedd gets magoo

[11:41] {larisa} half a point is not really a scalp :)

[11:41] {Threei} in magoo terms it is

[11:41] {larisa} lol

[11:41] {magoo} ok..u gonna start with me or what ??

[11:41] {dino} sgms sm l .50

[11:41] {larisa} .99 entry on pullback was good though

[11:42] {larisa} it is still uptrending, still has a chance

[11:45] {Threei} Wynn Resorts LTD CEO: If things continue the way they are, we will equal or beat 2008 revenue in Las Vegas - conf call

[11:45] {Threei} - The room rates for everybody in Vegas are down, all visitors are spending less in Vegas.

[11:45] {Threei} - "Bigger is not better in our business, better is better."

[11:46] {dino} hmin sm l .25

[11:47] {dino} better is better, profound

[11:47] {cosmo} but best is best

[11:48] {dino} :)

[11:48] {Threei} and let me guess... worse is worse?

[11:50] {cosmo} " best is best; never let it rest...."

[11:50] {dino} so the old "not bad as in bad, but bad as in good" is out

[11:51] {cosmo} hmmmm....now i need a nap

[11:51] {Threei} to say I am confused would be understatement of the day

[11:52] {magoo} l cat cross of 57

[11:52] {magoo} long

[11:52] {magoo} just a scalp

[11:52] {fernp} FITB lod

[11:55] {magoo} god dammit..i said in here pre mkt that bidu should have a 40 point bounce....im not as nuts as u all think

[11:55] {nemo} nuts yeah...stupid...no

[11:55] {magoo} 40 freaking pt bounce going on

[11:59] {dino} sgms to .90

[11:59] {magoo} CAt cant get out of ANUS

[12:00] {dino} nasty

[12:01] {Threei} Market Internals update at 12:00pmET

[12:01] {Threei} - NYSE volume 535M shares, about 11% above its three-month average; advancers lead decliners by 1.1:1.

[12:01] {Threei} - NASDAQ volume 1.05B shares, about 4% above its three-month average; decliners and advancers are about even.

[12:01] {Threei} - VIX index +0.50% to just under 24.50

[12:02] {dino} out sgms .90, +.40

[12:02] {fernp} gj

[12:02] {dino} ty

[12:02] {larisa} just a scalp :)

[12:02] {Threei} A{ZN feels like breakdown

[12:02] {Threei} AMZN too

[12:02] {nemo} lari!

[12:03] {larisa} magoo is bad influence.. vad too..

[12:04] {Threei} and when we cooperate...

[12:04] {larisa} me and dino run fast :)

[12:05] {Threei} if anyone went for AMZN short, look for sharp dive

[12:05] {Threei} here it comes

[12:05] {dino} mrvl sm l .70, gap filled

[12:07] {Threei} ok... traditional questional comes

[12:08] {Threei} guess who is on TV...

[12:08] {strider} Leslie Caron

[12:08] {nemo} you want a guess?

[12:08] {nemo} Kate Beckinsale?

[12:08] {nemo} Strider wins on originality

[12:09] {Threei} how comes after a few months of me asking this and answer being the same, no one guesses right still {GGG}

[12:09] {strider} Bob Dylan

[12:09] {nemo} ahhhh....the jewish folksinger

[12:10] {strider} yadda yadda yadda

[12:10] {nemo} If I were a rich mannnnn.....

[12:10] {nemo} poor Raven

[12:12] {strider} If I would just get up every monring, sell NTES, and go back to bed--I'd be a lot better off.

[12:13] {Threei} yeah but should you try the same in July -Aug...

[12:16] {strider} So, then I would be selling encyclodpedias?

[12:17] {Threei} lol

[12:21] {magoo} ok magoo update

[12:21] {ese} nemo.....you there

[12:21] {nemo} dude

[12:22] {ese} do you have the ability to calculate the vwap for drys for the last 6 monts

[12:22] {magoo} vads amzn call got me out 121..flat...i then reloaded the next cross over 121..and exited here .64

[12:22] {magoo} ty boss

[12:22] {nemo} I'll check

[12:22] {dino} wynn sm l .65 wide

[12:22] {Threei} sure thing

[12:23] {ese} it just bolunced of the 200 ma which is big for funds

[12:23] {ese} bolunced??

[12:23] {ese} i like that

[12:23] {ese} how bout bounced

[12:23] {nemo} whadya' want to know ese?

[12:24] {ese} baited breath on this side of room

[12:24] {ese} ?

[12:24] {dino} we call that zackly

[12:24] {ese} what the price is for vwap on drys...last 6 months

[12:25] {nemo} anchored it in march...it's right at vwap @ 6.51

[12:25] {ese} tks.....

[12:28] {strider} Is AMZN looking like a long breakout?

[12:28] {Threei} the biggest event of the day is, AGAM has moved away from 14.50

[12:29] {nemo} YIPPEEEEE!!!!

[12:29] {Threei} 50/50 strider

[12:29] {Threei} can break down losing .50 just as easily

[12:29] {strider} you mean like that?

[12:30] {Threei} lol

[12:30] {ese} dis is berry berry gouud to no fur sving traind.

[12:30] {nemo} remind me not to calculate for you while I'm watching a couple of levels...both cat and aig dropped on me

[12:31] {ese} when drys pays off again....i'll send ya a bottle of wine.......much appreciated

06[12:32] * nemo {---crying

[12:32] {ese} there there....there there.........my family is deeply in your debt

[12:33] {nemo} no I'm in debt...you've cleaned up this year...by the way...cof short on a pullback?

[12:33] {ese} and so is vad........i can afford to be on the board for longer

[12:36] {Threei} when the market gets locked like this, I don't want to push anything

[12:36] {Threei} recipe for stop after stop

[12:40] {Threei} F Reportedly struggling with UAW to win concessions in labor negotiations (7.38, -0.09, -1.20%)

[12:41] {dino} uaw wants another govt motors

[12:42] {dino} wynn stopped -.40

[12:42] {Threei} sure... why do they need competition...

[12:43] {ese} yaaaaa exactly........my point as well..................ahhhh what were we atlking about

[12:43] {strider} EXPE interesting

[12:44] {dino} wait until airlines union figures this out

[12:47] {ese} ok one adrenalin rush needed L pnc .01

[12:48] {ese} out pnc .10 +.09

[12:48] {dino} that wynn is a pain

[12:49] {dino} hmin stopped

[12:49] {ese} no it wasn't ....i rather enjoyed my last win

[12:49] {dino} hmmm

[12:49] {ese} I don't deserve to be on the board today do I..........really really bad jokes coming from my end

[12:50] {larisa} relax ese and start fresh.. good morning :)

[12:50] {ese} lol

[12:50] {ese} good morning

[12:50] {Threei} Long Setup: HIG .46 if stays above .40

[12:51] {ese} vad missed my bathroom joke though......maybe that was a good thing

[12:52] {Threei} here is real bathroom joke:

[12:52] {Threei} JPM CEO Dimon: large corporate credit is "flowing" - TV interview

[12:53] {Threei} USD strength will depend of budget discipline - TV interview

[12:53] {Threei} - Any chance of financial armageddon taking place is over

[12:54] {nemo} budget discipline? ahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahah

[12:54] {Threei} needless to say, HIG is invalidated

[12:55] {nemo} must of read what dimon said.

[12:56] {Threei} Short Setup: CAT .60 break if stays under .70

[13:00] {magoo} in

[13:03] {dino} sm l wynn .00

[13:06] {Threei} okay CAT

[13:06] {Threei} it's time

[13:06] {Threei} here kitty kitty

[13:07] {fernp} ty

[13:07] {Threei} yw

[13:07] {magoo} lol

[13:18] {Threei} HIG is not dropping with market anymore

[13:18] {Threei} watching as bounce candidate

[13:19] {nemo} neither is cat

[13:19] {Threei} if market recovers any, HIG won't be a scalp

[13:19] {Threei} should return to .40 roughly

[13:22] {Threei} (IS) Sky News reports a rocket has been fired from South Lebanon toward Israel

[13:26] {magoo} cat finally

[13:27] {magoo} covered .45 TY

[13:27] {Threei} welcome

[13:31] {fernp} I traded AET this morning, is another insurance company like HIG and still is strong. Maybe a good candidate if market bounces

[13:32] {dino} aet heath insurance hmo. hig is property/casualty/life/annuity fwiw

[13:33] {dino} the govt option will hurt the hmo

[13:33] {dino} imo

[13:33] {Threei} yeah, a bit different animal

[13:34] {fernp} insurance companies (both in KIE etf)

[13:38] {ese} gotta go catch you all tomorrow......

[13:38] {Threei} take care ese

[13:38] {ese} see ya vad

[13:39] {fernp} bye ese

[13:40] {Threei} Short Setup: QID .80 break if holdong below .90

[13:41] {strider} missed it

[13:41] {fernp} late here

[13:41] {nemo} me too

[13:42] {Threei} broke down fast

[13:42] {Threei} or I was late

[13:42] {Threei} or both

[13:42] {nemo} your fault

[13:42] {Threei} yup

[13:42] {nemo} it was right there

[13:44] {Threei} nice bounce HIG

[13:44] {Threei} no technical entry point, just had to go with masrket

[13:46] {dino} hate to say it, but the earnings misses are acting like last fall misses

[13:46] {nemo} that is....

[13:46] {Threei} you assume anyone remembers what happened last fall

[13:46] {nemo} what's my name?

[13:46] {dino} of course

[13:46] {strider} all the leaves fell off the trees :(

[13:47] {Threei} last time I pooled this room, no one could remember who I was

[13:47] {nemo} it's painful

[13:47] {magoo} enlighten me

[13:48] {dino} major blood on misses

[13:48] {dino} 10%

[13:49] {Threei} and sell=offs after brief spikes on beats

[13:50] {dino} i don't recall spikes, lol

[13:51] {magoo} could we successfully trade it? i dont remember any of it

[13:51] {Threei} kidding? we killed last fall

[13:51] {magoo} reaqlly?/we made good dough?

[13:52] {Threei} sigh... I am going to monastery

[13:52] {Threei} stretches of week after week with no losing days while whole world cried, and no one remembers

[13:54] {strider} I remember, Vad:)

[13:54] {nemo} me too

[13:54] {tomg} lastertrev, see dcc

[13:55] {fernp} took another +13 on AET from .86 to .99 :)

[13:55] {Threei} yeah... but who are you two?

[13:55] {Threei} wtg fern

[13:55] {fernp} ty

[13:55] {nemo} fine

[13:55] {Threei} don't get upset nemo, I don't remember who magoo is just as well

[13:55] {strider} Just trying to suck up to da man.

[13:56] {Threei} moth-like memory is a requirement, you know

[13:57] {Threei} US) US Senator Lieberman would join a Republican filibuster of Majority Leader Reid's healthcare reform bill - Politco.com

[13:57] {Threei} - Politico reports that Lieberman, who caucuses with Democrats and is positioning himself as a fiscal hawk on the issue, said today he would join a potential filibuster on concern about the costs of the plan.

[13:58] {nemo} from Ct. isn't that where hig is hq'd?

[13:58] {dino} y

[13:59] {nemo} hehehe

[14:00] {nemo} can't tell if amzn is going up or down, but about to run into the 200 ma

[14:00] {nemo} weighted that is

[14:01] {larisa} 119.50 was a gift db, missed it.

[14:05] {Threei} fern... see how different dynamics are between AET and HIG?

[14:05] {Threei} health care bill reflects on AET

[14:05] {fernp} yes

[14:05] {Threei} public option sends it down screaming... no public option keeps it floating

[14:07] {fernp} AET is long here again w/stop under .90 or .95 for pesky ones :)

[14:08] {Threei} probably... swims well, juts needs market to stop dropping

[14:08] {Threei} tests day high

[14:08] {Threei} and that's with market not far from day's low

[14:09] {nemo} amzn 4th test of this level

[14:09] {fernp} exactly!!!

[14:10] {Threei} Market Internals update at 2:00pmET

[14:10] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 1.7:1.

[14:10] {Threei} - NASDAQ volume 1.54B shares, about 6% above its three-month average; decliners lead advancers by 1.5:1.

[14:10] {Threei} - VIX index +3% to just over 25.00

[14:10] {Threei} time for bounce

[14:10] {Threei} come on market, let' pretend one last time you have spine

[14:10] {nemo} bidu at vwap for mags

[14:10] {Threei} Long Setup: HIG .10

[14:12] {fernp} stop under 24?

[14:13] {Threei} yeah

[14:13] {Threei} AET merrily moves on merely suggestion of uptick by the market

06[14:15] * Threei kicks hig in the rear with heavy duty army boots

[14:15] {nemo} hadn't pulled the boots out in a while

[14:16] {Threei} color me irritated

[14:16] {Threei} 1:1

[14:17] {Threei} AET pure beauty

[14:17] {fernp} i am out on both :) HIG and AET

[14:17] {Threei} gj

[14:17] {fernp} ty

[14:17] {Threei} perseverance fern... :)

[14:17] {Threei} couple dubious days... shrug off, come back fresh, trade well

[14:17] {Threei} reward comes quickly

[14:18] {fernp} sun shines again

[14:20] {gnslng} me too ty +.10

[14:21] {Threei} :)

[14:21] {Threei} AET 30 cents move from break

[14:21] {Threei} HUM moved even more

[14:21] {Threei} same area

[14:21] {Threei} thinner one

[14:22] {Threei} let's keep them in mind as health care debate comes to final stages

[14:23] {Threei} (IS) Reportedly Israel retaliates, firing several shells into Southern Lebanon

[14:23] {Threei} **Reminder: earlier Israeli police reported a Katyusha rocket or mortar shell was fired from Lebanon into Northern Israel causing no casualties or damage.

[14:24] {Threei} where the hell do they get katyusha... WW2 weapon

[14:25] {larisa} crisis, one of the new russians sold from his backyard collection

[14:25] {Threei} lol

[14:25] {Threei} upgraded to Grad?

[14:25] {larisa} nah, they like old things :)

[14:26] {Threei} HIG 1:2

[14:27] {gnslng} did you partial on the way ?

[14:28] {Threei} no

[14:28] {gnslng} thks

[14:28] {Threei} I barely see screens through the tears

[14:29] {Threei} regret of selling AET at .20

[14:29] {fernp} Have a nice evening everybody. See u all tomorrow

[14:29] {Threei} take care fern

[14:29] {Threei} we will kill them tomorrow again

[14:29] {Threei} unless they kill us

[14:29] {fernp} :)

[14:31] {Threei} UBS Technincal Note: Equity Analysis highlights short term sell signals

[14:31] {Threei} - a note out during European trading hours suggests a larger divergence in momentum and volume indicators along with SP 500 break of key support at 1080 opens up a move towards 1000 over the next 2 weeks. 1048 seen as possible support level, but sell signal remains in tact barring a breakout above 1100.

[14:32] {Threei} Econ Shiller: recent US home price gains unsustainable - TV interview

[14:47] {Threei} Short Setup: AET .40 break

[14:47] {strider} in

[14:49] {strider} stop .50 something?

[14:49] {Threei} just above

[14:50] {Threei} picking only plays with tight stops, not more than 10 cents range

[14:52] {Threei} FDX Hearing added to SOLAR Buy list at Deutsche Bank (timing uncertain)

[14:52] {Threei} huh?

[14:52] {Threei} SOLAR is not solar I guess?

[14:52] {Threei} some acronym?

[14:52] {nemo} FDX=Fed Ex

[14:53] {Threei} 'cause what does FDX have to do with solar, lol

[14:55] {nemo} spy green

[14:56] {Threei} [14:10] {Threei} time for bounce

[14:56] {Threei} [14:10] {Threei} come on market, let' pretend one last time you have spine

[14:56] {Threei} now I am crying about HIG too

[15:04] {dino} aug, sept, oct now dropped 3-3.5% after expiration. does the pattern cotinue and we soon go up

[15:04] {Threei} looking at daily, we are right at such poinmt

[15:04] {dino} previously, we would drop the week before exp. lasted about 8 months, until july

[15:05] {Threei} but my bet is, "this time it's different"

[15:05] {dino} you see what i see on the point. but not sure this time is different, we shall find out soon

[15:05] {Threei} this pullback should be much deeper

[15:05] {Threei} I do

[15:05] {Threei} exact repetition so far

[15:06] {dino} on dji yes, but s/p, and ndx are there, mo

[15:06] {Threei} two differentces though

[15:06] {Threei} first, volume pattern changed

[15:06] {Threei} red days became much heavier than green ones

[15:07] {Threei} and second, we are geting selling on good earnings

[15:07] {strider} outAET flat

[15:07] {strider} gotta run...see you guys tomorrow.

[15:07] {magoo} c u strider

[15:07] {dino} cya

[15:07] {nemo} you outta aet?

[15:08] {strider} yeah.....out flat.

[15:08] {dino} feels a bit different, but so did last months' end

[15:08] {Threei} take care strider

[15:08] {dino} sentiment seems to change on a dime

[15:08] {nemo} we're drowning in liquidity this year...last year we were dying of thirst

[15:11] {dino} extending homebuyers credit, key dems

[15:12] {Threei} AET 1:1

[15:12] {Threei} whart happened today?

[15:12] {Threei} every trade works

[15:13] {Threei} I am uncomfortable, lol

[15:13] {magoo} let me help

06[15:13] * magoo slaps Threei around a bit with a large trout

06[15:13] * magoo slaps Threei around a bit with a large trout

06[15:13] * magoo slaps Threei around a bit with a large trout

[15:13] {Threei} hmmm... just how does it help, pray tell?

[15:14] {magoo} trust me...i feel much better

[15:14] {Threei} I mean, I am lying on the floor now and reek of fish

[15:14] {Threei} you maybe

[15:14] {Threei} I, not so much

[15:16] {Threei} nemo, out AET?

[15:16] {nemo} yep

[15:16] {Threei} kewl

[15:16] {nemo} ty

[15:17] {nemo} hate those rides to the edge

[15:17] {Threei} yeah, tough on nrves

[15:17] {nemo} reminds me of skiing off cliffs by accident

[15:17] {nemo} hair can't get any grayer

[15:19] {nemo} nice trendlines on spy and qs

[15:20] {nemo} amzn mags

[15:21] {nemo} this rise on dropping volume though

[15:25] {Threei} seems to be breakdownish to me here

[15:26] {Threei} not going to trade it though

[15:37] {Threei} HIG near 24 again

[15:37] {Threei} third time

[15:38] {Threei} AET 1:2 - pity we are not in anymore

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

[15:40] {Threei} - NYSE volume 1.03B shares, about 17% above its three-month average; decliners lead advancers by 1.6:1.

[15:40] {Threei} - NASDAQ volume 1.98B shares, about 6% above its three-month average; decliners lead advancers by 1.5:1.

[15:40] {Threei} - VIX index +1.35% to just over 24.50

[15:40] {Threei} last scalp?

[15:40] {Threei} Long Setup: HIG .06

[15:40] {Threei} stop is self-explanataory

[15:44] {Threei} 1:1

[15:44] {Threei} what, everyone suddenly fell asleep?

[15:47] {nemo} yeah...you said you weren't going to trade it

[15:47] {Threei} ??

[15:47] {tomg} i took it vad, ty

[15:47] {Threei} tom :)

[15:48] {nemo} [15:25] {&Threei} not going to trade it though

[15:48] {nemo} [15:37] {&Threei} HIG near 24 again

[15:48] {nemo} [15:37] {&Threei} third time

[15:48] {Threei} nemo...

[15:48] {Threei} 15:20] {nemo} amzn mags

[15:48] {Threei} [15:21] {nemo} this rise on dropping volume though

[15:48] {Threei} [15:25] {Threei} seems to be breakdownish to me here

[15:48] {Threei} [15:26] {Threei} not going to trade it though

[15:48] {nemo} Vad...

[15:48] {Threei} which has absolutelky nothing to do with

[15:48] {Threei} 15:40] {Threei} Long Setup: HIG .06

[15:48] {Threei} [15:40] {Threei} stop is self-explanataory

[15:49] {nemo} yeah...you changed your mind while I was indisposed

[15:49] {Threei} even if 15 min between them don't clue you in, the divergence between "breakdownish" and long call should have...

[15:50] {nemo} that's pretty impressive support

[15:57] {Threei} this time only bell may save HIG

[15:57] {Threei} 24 is ready to give in

[15:57] {nemo} always after hours :)

[16:00] {nemo} wow, good size blocks traded on hig at the last minute

[16:01] {nemo} last second actually

[16:01] {magoo} we need to focus away from HIG

[16:01] {Threei} those are not real trades

[16:01] {Threei} closing blocks

[16:01] {magoo} 'all day and moves only a dime

[16:01] {Threei} thasnk you all, have a good evening

[16:01] {Threei} see you tomorrow

[16:02] {nemo} o.k. night

Oct 26 2009

Market finds the direction it seems - easier day although far from stellar still. Shorts work better, bounces are more readable too.

Session Start: Mon Oct 26 01:04:28 2009

[08:19] {strider} .

[08:30] {Threei} Good thing I haven't made any bets with Larisa on AMZN for today

[08:31] {nemo} yeah..up

[08:35] {ese} GM

[08:35] {Threei} ese :)

[08:35] {nemo} Ford

[08:36] {cosmo} jeep

[08:36] {nemo} AMC

[08:36] {ese} amzn was one amazing run friday thats for sure

[08:37] {nemo} yeah...magoo must be off island hunting

[08:40] {cosmo} hmmm...my 'puter switched to Standard Time

[08:41] {nemo} next week

[08:41] {nemo} well, for us anyway

[08:41] {cosmo} for the people...yea

[08:46] {cosmo} SUPG: SuperGen and GSK to Collaborate on the Discovery and Development of Novel Epi

[08:46] {cosmo} genetic Therapeutics ( BusinessWire )

[08:46] {ese} somebody please make it stop........patience......the rain.....the rain

[08:47] {Threei} this week should be sunnier

[08:48] {Threei} probably in preparation for that Olympic torch relay

[08:48] {Threei} if you need to drive somewhere on Friday, forget it

[08:48] {Threei} city will be clogged

[08:49] {ese} now that should be rained out....in my opinion.......my tax dollars and yours vad wasted

[08:49] {Threei} well, I am not wasting my time additionally by joining anti-Olympic protests :)

[08:50] {Threei} I am taking it as hurricane... nothing I can do about it

[08:50] {ese} true

[08:50] {Threei} they will waste more by doing that unneeded bridge replacxment too

[08:51] {Threei} so government is wasteful... sun rises on the East...

[08:51] {ese} ahhhhh vad....you've just made my week

[08:52] {ese} and just like pee...........this too shall pass

[08:52] {Threei} really? well, I can add... airport interchange as designed right now is a disaster waiting to happen

[08:52] {ese} haven't seen that one yet....whats the deal there

[08:52] {Threei} VVUS some enthusiasm

[08:53] {Threei} upgrade, and probably ARNA sympathy

[08:53] {ese} noticed arna

[08:54] {ese} whats with this airport interchange

[08:55] {Threei} proposed design of the interchange, ese... needlessly overcomplicated, IMO... potntially very dangerous spot

[08:55] {Threei} wow VVUS

[08:55] {Threei} upgrade by obscure firm can do that to it?

[08:56] {ese} indeed look at it go.....just from an upgrade......

[08:57] {ese} same old.....somebodey knows something

[09:02] {Threei} LAVA Selected by Mellanox Tech for 40-nm multimillion-gate communications ICs (2.38, 0.00, 0.00%)

[09:04] {lasertrev} gm

[09:04] {Threei} trev :)

[09:08] {strider} gm everyone.

[09:08] {Threei} strider :)

[09:09] {strider} 3i:)

[09:14] {ese} bcrx as well....health care sector today seems like a good place to hang

[09:15] {Threei} you mean bio

[09:15] {ese} yes

[09:15] {Threei} BCRX is probably responing to this:

[09:15] {Threei} Saturday, October 24, 2009 9:34:52 PM

[09:15] {Threei} President Obama declares 46-state swine Flu outbreak a national emergency - NYT

[09:15] {Threei} - The White House stated late Saturday is "not a response to any new developments."

[09:15] {Threei} - Analysts view the move as administrative, allowing hospitals to set up temporary remote facilities, such as at a local armory or another hospital, to seperate H1N1 cases for treatment. Prior to this declaration if a hospital shipped a patient offsite, it would be refused reimbursement for services provided.

[09:15] {Threei} - H1N1 has been reported to be widespread in 46 states, which officals have deemed equal to the peak of a normal flu season.

[09:15] {nemo} hi lari

[09:16] {larisa} gm :)

[09:16] {Threei} larisa :)

[09:16] {ese} laris

[09:16] {larisa} :)

[09:17] {ese} in your own words now......laris......how does it feel to be loved and welcomed ehhhh

[09:18] {larisa} in the morning I only want my coffee :)

[09:19] {ese} messaged received and noted......

[09:19] {ese} too funnny

[09:19] {larisa} :)

[09:20] {nemo} don't forget guys...if it weren't for them, we'd still be in The Garden of Eden

[09:21] {cosmo} them?

[09:21] {ese} hold on there buba looey.........i represent that remark

[09:21] {nemo} women

[09:21] {cosmo} hmmm

[09:23] {cosmo} i thot it was the snakes

[09:24] {ese} vvus....retrace

[09:25] {nemo} Dino's back

[09:26] {Threei} BCRX still going

[09:27] {ese} yup

[09:27] {nemo} nope

[09:28] {dino} gm all running behind

[09:28] {ese} now retracing

[09:28] {Threei} dino, welcome back

[09:28] {ese} dino!!!!!!!

[09:28] {ese} we tried to do some trades in your honor last week......

[09:29] {dino} thx all, and es appreciate the thought

[09:29] {Threei} VVUS and BCRX are on watch so far

[09:31] {Threei} Long Setup: VVUS 10 break

[09:31] {Threei} stop under .90

[09:31] {strider} already over 10

[09:32] {ese} in .00

[09:32] {dptl} good morning

[09:32] {Threei} dp :)

[09:32] {Threei} missed BCRX .90

[09:36] {Threei} no go VVUS

[09:36] {ese} vvus stopped ..86 -.14

[09:37] {strider} same here

[09:38] {Threei} BCRX much better pullback now

[09:39] {Threei} AMZN new highs... where is magoo

[09:39] {nemo} hunting?

[09:39] {fernp} Good morning everybody

[09:39] {Threei} fern :)

[09:40] {dino} mrvl l sm .00

[09:41] {dino} late sorry

[09:41] {nemo} golf brain

[09:41] {Threei} HIG

[09:41] {Threei} watching for double bottom

[09:42] {dino} lol

[09:42] {ese} l bcrx .12

[09:43] {ese} out brcx .17 +.05

[09:45] {KSystems} morning

[09:45] {Threei} Long Setup: HIG .70 break

[09:45] {nemo} Tag

[09:45] {Threei} if stays above .60 for scalpers

[09:45] {Threei} above .55 for day traders

[09:45] {Threei} ks :)

03[09:46] * Retrieving #discussions modes...

[09:46] {fernp} out TY

[09:46] {Threei} 1:1 for scalpers

[09:46] {Threei} 1:1 for day traders

[09:47] {Threei} BCRX consolidates

[09:47] {Threei} mom candidate

[09:47] {Threei} momo

[09:48] {Threei} larisa, if I correct it quickly it dfoesn't count, right?

[09:48] {Threei} doesn't

[09:48] {nemo} bcrx volume up 1200%

[09:48] {larisa} :)

[09:48] {Threei} for momo players:

[09:48] {Threei} BCRX long .25 break

[09:48] {Threei} risky as hell

[09:49] {Threei} 11.50 should be easy if momo holds

[09:50] {Threei} pullback entry is preferrable as always on this kind

[09:50] {Threei} HIG, daytraders feel free to exit in full

[09:50] {dino} mrvl to b/e

[09:50] {Threei} +.40

[09:52] {dino} gj

[09:53] {dino} mrvl to .20

[09:54] {dino} out mrvl .31, +.31

[09:55] {fernp} BCRX lost momo, no?

[09:55] {Threei} hard to tell

[09:55] {Threei} they are heavy breathers

[09:55] {nemo} hig

[09:55] {fernp} then this is a good pullback

[09:57] {nemo} guess the market wants back what it gave up on Friday

[09:58] {Threei} AIG...

[09:59] {nemo} amzn keeps motoring higher

[09:59] {Threei} it'll never sto[

[09:59] {Threei} stop

[09:59] {nemo} Lari

06[10:00] * nemo slaps Threei around a bit with a large copy of "Maavis Beacon teaches typing"

[10:00] {Threei} AIG exploded before I could type alert

[10:00] {nemo} where would the stop have been

[10:00] {ese} jnpr L .51

[10:01] {Threei} stop under .40 ese?

[10:01] {ese} .45

[10:01] {nemo} pivot is .55

[10:02] {ese} sorry .42

[10:03] {dino} intc sm l .95

[10:04] {ese} out jnpr .57 +.06

[10:04] {Threei} SOHU... will be interesting at some point

[10:04] {Threei} no play yet

[10:04] {Threei} your kind dino

[10:05] {ese} except that they didn't beat with earnings this morning

[10:06] {magoo} we;mewrjo;j;sr;ms

[10:06] {Threei} I'll take it as good morning

[10:06] {dino} smlc?

[10:07] {nemo} It's morse code for "I don't know how to type."

[10:07] {magoo} u got that right

[10:07] {nemo} Lynrd Skynrd

[10:07] {Threei} SMLC bought another telco

[10:08] {magoo} what we in?

[10:08] {dino} seems backwards, also igld

[10:08] {nemo} nada, nichts, zed

[10:08] {Threei} AMZN is still at it mags

[10:09] {magoo} i see

[10:09] {ese} da jour dajjupe da fit da bow....mags

[10:09] {Threei} Short Setup: RIMM .60 break half lot

[10:09] {Threei} if stays under .70

[10:09] {ese} finally someone i can talk to on the board

[10:10] {magoo} in

[10:10] {larisa} lol

[10:10] {Threei} not a scalp for me

[10:10] {magoo} sh amzn too

[10:10] {magoo} WOW

[10:11] {magoo} from 123.16

[10:12] {Threei} no go RIMM

[10:12] {ese} i've got 122.36 bstop short for amzn dialed in....am i off base here?

[10:13] {fernp} stopped RIMM

[10:13] {Threei} market is not ready to reverse yet... or just shakeout

[10:13] {magoo} headfake maybe

[10:15] {ese} mags you long or short amzn

[10:15] {Threei} Preview: Oct Dallas Fed Manufacturing Index due out at 10:30amET

[10:15] {Threei} **consensus expectation: -0.5%e v -6.4% prior

[10:15] {magoo} stop amzn @ 123.01

[10:16] {magoo} still in

[10:16] {ese} sh?

[10:16] {magoo} yea

[10:16] {ese} in short .55

[10:17] {magoo} [10:10] {magoo} sh amzn too

[10:17] {magoo} [10:10] {magoo} WOW

[10:17] {magoo} [10:11] {magoo} from 123.16

[10:18] {dino} gj

[10:18] {ese} covered amzn .22 +.33

[10:18] {magoo} out 1 point

[10:18] {magoo} try vad

[10:18] {Threei} wtg

[10:18] {magoo} ty

[10:19] {magoo} ese..i was worried..u were way late off my call

[10:20] {Threei} if market regains strength,

[10:20] {Threei} Long Setup: CHKP .40 break

[10:20] {Threei} if stays above .30

[10:21] {ese} sorry mags......to be honest i didn't understand it......break of .50 seemed more reasonable to me......am not sure if i was off base there or not

[10:21] {dino} risky sm l sohu .25

[10:23] {magoo} my was break of 123

[10:23] {magoo} same concept

[10:23] {magoo} oo 50

[10:23] {ese} want to short it again at .50......any opinions

[10:23] {magoo} no

[10:23] {Threei} VVUS Ticks higher after CNBC teases upcoming segment with an Executive (10.11, +0.93, 10.13%)

[10:23] {dino} .50 wall

[10:23] {magoo} i thinkj up

[10:24] {ese} no don't do it ...or no opinions

[10:24] {ese} tks

[10:25] {ese} next real short point is 122.00 ?

[10:27] {Threei} VVUS reacted

[10:28] {fernp} CHKP good moment now if breaks?

[10:28] {ese} phewwww.....for a second i thought it Saliere...the guy who did Mozart in

[10:28] {Threei} it's a valid setup, consolidation is intact

[10:29] {nemo} watchin' too many movies ese

[10:29] {ese} ya maybe.....

[10:34] {Threei} OCT DALLAS FED MANUFACTURING ACTIVITY: -3.3% V -0.5%E

[10:34] {Threei} market doesn't care

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 235M shares, about 16% below its three-month average; advancers lead decliners by 4.9:1.

[10:35] {Threei} - NASDAQ volume 465M shares, about 17% below its three-month average; advancers lead decliners by 2.7:1.

[10:35] {Threei} - VIX index -0.5% to just over 22.00

[10:38] {Threei} market losing ground

[10:39] {Threei} (US) CNBC states that under proposed Rep Frank legislation, FDIC resolving fund to be paid for by banks

[10:39] {Threei} - New legislation on authority seen coming forward this Thursday

[10:39] {Threei} - Under the currently discussed program, current equity holders would be 'wiped out'

[10:40] {dino} equity in what?

[10:41] {ese} short amzn stop .02

[10:41] {Threei} let's scratch CHKP here

[10:42] {Threei} too uncertain

[10:42] {fernp} sure? is holding well

[10:42] {Threei} not sure

[10:42] {Threei} just lost read on it

[10:42] {fernp} ok

[10:43] {ese} invalidated above .75

[10:44] {ese} if qqqq breaks below .60 amzn will go with it i think

[10:44] {strider} what's your entry, ese?

[10:46] {ese} .00 covered .86 +.14

[10:46] {ese} .00 strider bstop short

[10:46] {strider} thx

[10:47] {Threei} OCC's Dugan: Concerned recent Pay Czar rulings may cause talent to leave firms under current jurisdiction

[10:47] {Threei} **Reminder: On 10/22 US Pay Czar Feinberg said he would decrease executive compensation by 50%, limit salaries to $500K for 90% of relevant employees

[10:47] {nemo} amzn bounce off VWAP, R1 at .54

[10:55] {dino} rovi sm l .50

[10:55] {dino} esi took beating last week i see

[10:56] {Threei} it knocked on our door asking for bandaids and some water

[10:56] {dino} ahhh, bloody

[10:57] {Threei} unfortunately for it, nemo was the one who answered the door

[10:57] {dino} sohu wants 60

[10:59] {ese} was just going to ask you if you had any designs on sohu dino

[11:00] {strider} target on rovi, dino?

[11:01] {dino} .90

[11:01] {dino} lol es, waiting at 59.62

[11:01] {strider} t'would be nice.

[11:01] {dino} for bounce

[11:02] {dino} pvtb

[11:02] {dino} cyou

[11:03] {ese} tks

[11:05] {Threei} VVUS is not retreating much from highs...

[11:06] {Threei} NPSP Data Demonstrate That GATTEX (Teduglutide) Improves Lean Body Mass, Mineral Composition and Electrolyte Levels in Patients with Parenteral Nutrition Dependent Short Bowel Syndrome (3.47, +0.17, 5.15%)

[11:08] {Threei} NVAX Hearing recent strength being attributed to speculation its H1N1 vaccine could receive emergency use authorization (4.44, +0.40, 9.90%)

[11:09] {Threei} Note; BCRX's Peramivir received emergency use authorization by FDA on 10/24

[11:11] {fernp} CHKP cruel

[11:11] {ese} sndk should reverse here soon....it's going parabolic

[11:14] {dino} sohu what the....

[11:14] {dino} rinsed

[11:15] {dino} dropping markets

[11:15] {dino} rovi stop is .23 fwiw

[11:16] {strider} I'm out, +.16, thanks, dino.

[11:17] {dino} gj

[11:19] {nemo} late, hig short

[11:20] {nemo} cat could drop from here, flirting around 200 ma

[11:20] {Threei} that sharp dive in the market created many shorts that were not readable as the moment

[11:21] {Threei} no setup, simply drop

[11:21] {nemo} HIG had been dancing at .85, pulled back, and droppe again

[11:21] {nemo} I kan mystipe awl eye wont

[11:22] {Threei} I liked GLD as short, but it ruined the setup

[11:22] {Threei} and then dropped with market

[11:24] {strider} CHKP bounce?

[11:25] {strider} yep

[11:25] {dino} silc bit spready

[11:26] {dino} sohu pullback, double bottom in making perhaps

[11:26] {dino} ing lod

[11:27] {dino} pvtb same

[11:28] {fernp} GDX short Vad?

[11:29] {fernp} late

[11:29] {Threei} Long Setup: QID .52

[11:29] {fernp} stop?

[11:29] {Threei} if market breaks down here which seems to be the most likely scenario, let's try to use QID for the play

[11:30] {Threei} stop under .40

[11:30] {fernp} ty Vad

[11:31] {Threei} quick resolution

[11:31] {Threei} 1:1 was easy

[11:32] {dino} out rovi stopped -.15, stoppee intc -.10

[11:33] {Threei} 1:2

[11:33] {Threei} finally something worked exactly as it should

[11:33] {dino} nice read vad

[11:33] {Threei} ty

[11:33] {magoo} jersus dow red 30

[11:34] {Threei} and notice larisa, I keep my bet loss: I didn't type "eqzaktly"

[11:35] {larisa} :)

[11:37] {strider} sohu short?

[11:37] {Threei} not sure...

[11:37] {dino} waiting for long here

[11:38] {dino} .50s held again

[11:38] {strider} k

[11:38] {Threei} 1:3 QID but that's wothout me

[11:38] {Threei} without

[11:38] {dino} pulp tho, careful

[11:38] {fernp} yeah, scalper's regret here. but i need some winners...

[11:39] {Threei} don't regret it for a second fern

[11:40] {Threei} market is absolutely brutal last few days in terms of non-readable moves,

[11:40] {fernp} right

[11:40] {Threei} and it will stay this way until topping action is resolved

[11:40] {Threei} think about it in these terms:

[11:41] {Threei} maximum uncertainty is normal for bottoms and tops

[11:41] {Threei} much easier and more readable action is happening when the trend establishes itself

[11:41] {fernp} true

[11:41] {Threei} what we have here is market trying to form a top,

[11:42] {Threei} and this is area of a fight between trend-continuation-hoping crowd

[11:42] {Threei} and reversal-betting crowd.

[11:42] {Threei} Until they resolve their differences and someone wins, we have this jerky up and down with not much rhyme or reason

[11:43] {Threei} One controls his risk tightly, makes sure that no losing trade gets out of hand,

[11:43] {dino} sm l sohu .54 wide

[11:43] {Threei} and one of risk control methods in jerky market is limiting trades to scalps

[11:43] {nemo} cat at Fri. close

[11:44] {fernp} let's see if it is resolved soon

[11:46] {dino} pvtb sm l .90

[11:51] {Threei} YRCW Hearing vague chatter of possible new financing information due soon (3.43, +0.10, 3.00%)

[11:51] {Threei} guys, valid setup for downtrend continuation from here is QID long on .9- break,

[11:51] {Threei} and my bet is it will fail

[11:52] {Threei} let's just watch it to see whether market continues its evilish ways

[11:52] {Threei} or starts fitting into normal patterns

[11:53] {nemo} sds

[11:53] {Threei} normal pattern would be .90 break and steady strong move to 22.20 or so,

[11:53] {Threei} evilish jerky way would be drop to 21.60

[11:54] {Threei} not going to trade eithger, just want to observe

[11:58] {Threei} wow... we may be getting normal patterns back

[11:58] {Threei} this is encouraging

[11:58] {nemo} what's magoo doing?

[11:58] {fernp} very

[11:59] {Threei} Equity and commodity market weakness attributed to a variety of vague rumors circulating

[11:59] {Threei} - some desks noting the strength in the USD(moves back below 1.5000 level), citing the Brazilian central bank buying dollars in the spot market, though we would note that the Brazilian central bank does this frequently, including four times last week.

[11:59] {Threei} - other desks noting concerns about the report today that the White House and Barney Frank's committee are close to an agreement on resolution authority that would includes requiring some large banks to hold more money in reserve.

[11:59] {Threei} - some unconfirmed chatter circulating that a ratings downgrade on major banks could be imminent from S&P.

[11:59] {dino} sohu stopped

[11:59] {Threei} another banking sector rumor being recirculated today suggests that BoA may seek to do another capital raise.

[11:59] {Threei} - yet another point of concern is recirculating chatter that the US may not extend the new home buyer tax credit, which is set to expire on Dec 1.

[11:59] {nemo} Funny...watched Quantum of Solice this weekend...even the bad guys won't take dollars anymore

[12:01] {ese} thats funny

[12:01] {nemo} whatever

[12:04] {ese} market reversal.taking place me thinks.....

[12:04] {Threei} 22.20 on the nose

[12:04] {Threei} I like it

[12:05] {Threei} very precise action, just as I envisionwed it from the breakdown chart

[12:05] {dino} sohu just about hit es

[12:06] {Threei} GLD... what a short that would have been if I weren't a coward

[12:06] {ese} are you L qid vad?

[12:07] {Threei} sold at .75

[12:07] {Threei} call was .52 long

[12:07] {Threei} you don't pay attention to me whatsoever, do you :)

[12:08] {Threei} I am talking about QID for the last 30 minutes non-stop

[12:08] {ese} sorry.....was in the shower......

[12:08] {Threei} you don't have computer there??

[12:08] {ese} although.....could have got my shower biking to school today

[12:09] {Threei} lol

[12:09] {Threei} rain stopped here

[12:10] {Threei} if I undesraynd where this market is and what it does - next move on QID is drop to 21.80

[12:10] {Threei} understand

[12:10] {Threei} again, not trading it

[12:11] {ese} alright.....alright already..........i'm gettin it........sheesh

[12:11] {Threei} outlining how market should act if my rwad is right, and watching it to measure how right my read is

[12:11] {nemo} Larisa!

[12:11] {Threei} sigh

[12:12] {Threei} it's not misspelling

[12:12] {nemo} arabic?

[12:12] {Threei} it's darn keyboard manufacturers

[12:12] {Threei} they need to place keys farther apart

[12:15] {dino} intc l off .75

[12:15] {ese} or........

[12:15] {Threei} Long Setup: GLD .56

[12:16] {Threei} stop under .50 for scalpers, .45 for day traders

[12:16] {ese} like myself.....unable to function under extreme technical requirements of modern day and age

[12:17] {ese} l gld by the way .57

[12:18] {Threei} 1:1 for scalpers

[12:18] {Threei} and day traders

[12:18] {fernp} ty again

[12:18] {Threei} :)

[12:18] {Threei} easy does it

[12:19] {ese} ouuuuuuuut GLD .69 +.12

[12:19] {Threei} and hey... long call on GLD by me is no small feat

[12:19] {Threei} I hate the thing, lol

[12:19] {ese} true true.....cannot deny that

[12:19] {Threei} should I yeiled to my bias, I'd be shorting it every minute

[12:20] {Threei} 1:2

[12:20] {ese} not so good an idea chief

[12:20] {Threei} no

[12:21] {Threei} which is why I resist my biases:)

[12:21] {ese} ahhhhh...ummmmmmm....stick with the vodka.....would be my advice

[12:22] {ese} you have the smoothest vodka i've ever tasted......

[12:22] {ese} or was that dp's

[12:22] {Threei} don't remember

[12:22] {Threei} if it was Iceberg, that's mine

[12:23] {ese} don't remember......

[12:23] {Threei} lol

[12:23] {Threei} if dp doesn't remember either, I wonder whether the reason is the same for all three of us

[12:23] {ese} hmmmmm....seems to me i've left your place a couple of times in the "i don't remember state"

[12:23] {Threei} which is" whatever it was, there was no lack of it"

[12:24] {ese} rotfl

[12:24] {ese} indeed

[12:24] {ese} i do remember the shiskabob though

[12:27] {ese} amzn is gonna take off again......serious upside bias to this thing

[12:28] {magoo} yea..i think it goes for day high

[12:28] {magoo} amzn

[12:28] {magoo} i think shorts still trapped and dead dead dead

[12:28] {Threei} even deader?

[12:28] {Threei} up to deadest?

[12:29] {magoo} yup

[12:30] {Threei} if you strongly feel market is readable,

[12:30] {Threei} Short Setup: QID 22 breakdown if staysd below 22.10

[12:30] {nemo} why not long qld?

[12:31] {Threei} same things direction wise but qld is more volatile

[12:31] {ese} 2.8 days for amzn to cover shorts.....then theres still some to go

[12:31] {Threei} so, matter of taste

[12:37] {fernp} QID invalidated

[12:38] {nemo} Mmmmhhhh....Marc Faber says the $ will go to zero, zed, zip

[12:42] {Threei} yeah?

[12:42] {Threei} lol

[12:42] {nemo} 2012

[12:42] {Threei} cool, soon enough

[12:42] {Threei} make a note somewhere, to get baclk to it in 2012

[12:42] {nemo} getting my DPWF list ready

[12:43] {larisa} 2012 end of World too, according to nemo :)

[12:43] {nemo} call it a "restructuring"

[12:45] {strider} amzn can't break 123

[12:46] {nemo} hig short break of .55

[12:46] {nemo} ?

[12:47] {nemo} stop a bit tough

[12:47] {Threei} valid play

[12:48] {magoo} here comes AMZN..in .11

[12:52] {Threei} US) Senator Dodd (D-CN): Seeking immediate rate freeze on credit cards

[12:52] {Threei} (US) Senator Bill Nelson (D-FL): Expects Senate to extend first time homebuyer credit later this week

[12:52] {Threei} - Current tax credit expires Nov 30 (related XHB )

[12:53] {Threei} US) Senate Majority Leader Reid (D-NV): Plans to back public option that allows states to opt out

[12:53] {Threei} - Expected to make announcement at a press conference later today

[12:53] {Threei} if states can opt out, how do they expect health insuranxce be portable?

[12:53] {nemo} mmmhhh...so the public option will basically be mammaries on a bull

[12:54] {nemo} cat short break of .20?

[12:54] {magoo} im waiting 124.24..

[12:54] {Threei} I doubt it nemo

[12:55] {Threei} IMO, market will be uptrending for a while from here

[12:55] {Threei} want that QID short

[12:55] {Threei} maybe on bounce

[12:56] {magoo} amzn high

[13:04] {magoo} i think im gonna get it

[13:07] {dino} lo

[13:07] {magoo} out.124.24 + alot

[13:07] {magoo} 1.14

[13:08] {larisa} gj

[13:08] {magoo} [12:48] {magoo} here comes AMZN..in .11

[13:08] {magoo} [12:54] {magoo} im waiting 124.24..

[13:09] {fernp} good job magoo

[13:11] {magoo} ty..any takers?

[13:13] {fernp} shorting here HIG .54

[13:13] {Threei} SP issues report on Global Housing; showing signs of some bright spots

[13:13] {Threei} - The U.S. housing market, for example, has shown some momentum. Housing starts and home sales are climbing back from lows early this year, and home prices are rising after sharp drops that began in 2006

[13:13] {Threei} - for a few U.S. homebuilders, credit quality is firming, though that could change in the months ahead, as the negative outlooks on 11 of the 15 homebuilders we rate indicate. Despite signs of a slight real estate rebound, we believe our ratings on many of these companies will likely remain under pressure through the balance of the year and probably into 2010.

[13:18] {fernp} MGM valid dbi but wrong time?

[13:19] {Threei} looks good to me chart wise...

[13:20] {Threei} time is questionable, yes

[13:21] {fernp} out HIG +.14

[13:22] {fernp} missed MGM

[13:22] {strider} gj fern

[13:22] {fernp} ty

[13:26] {strider} VVUS

[13:26] {strider} ?

[13:27] {Threei} no idea

[13:28] {strider} mnro?

[13:28] {Threei} same chart... same answer :)

[13:28] {dino} sohu wakey

[13:28] {strider} :)

[13:30] {strider} AMGN at lod

[13:30] {strider} along with everything else.

[13:30] {ese} ya know.....were fast approaching "2010.....A SPACE ODYSSEY" with Hal the computer about to take over....who da thunk it 40 years ago.....

[13:31] {fernp} AMGN too extended daily candle IMHO

[13:31] {Threei} maybe but intraday chart is still breakdownish

[13:31] {ese} i know i know nemo....the weirdest things go through my brain

[13:31] {strider} thx fern

[13:32] {fernp} :)

[13:37] {ese} it's been a stellar day but i must be off to do something else that i really ....teach music....catch you all tomorrow

[13:37] {ese} really love

[13:37] {Threei} take care ese

[13:38] {ese} see ya vad

[13:38] {fernp} bye ese

[13:38] {nemo} dude

[13:42] {fernp} SKS has an interesting breakdown on daily chart

[13:42] {magoo} hey vad..u here?

[13:42] {Threei} what makes you think I am not?

[13:42] {magoo} dino doubting my amzn read friday...u got my back?

[13:42] {Threei} yes sir

[13:43] {Threei} don't doubt him dino

[13:43] {Threei} he called it perfectly

[13:43] {Threei} actually, it's in the log, and jujst read the blue blurb

[13:43] {magoo} :)

[13:43] {Threei} http://www.realitytrader.com/tradinglog/

[13:44] {magoo} i thought u edited out every post i make lol

[13:44] {Threei} yep, it's on autopilot

[13:44] {Threei} script called "magoo out"

[13:45] {Threei} you see the blue blurb mags?

[13:45] {dino} no feel out of touch

[13:46] {Threei} no wonder dino

[13:46] {Threei} market is changing, you were away for a week

[13:46] {Threei} we are adjusting for the last few days and still are not there fully

[13:47] {fernp} EBAY dbi?

[13:47] {Threei} if market helps, but for scalp only

[13:48] {Threei} daily is rather bottoming on it

[13:48] {Threei} look at MGM bounce fern

[13:48] {Threei} came into short zone probably

[13:49] {fernp} don't know what to do

[13:49] {fernp} market never helps, lol

[13:49] {larisa} lol

[13:51] {nemo} wow...$ up .14

[13:58] {Threei} quite a move

[13:58] {Threei} and chart looks reversish

[13:58] {nemo} on what, the $?

[13:58] {fernp} MGM double top here, Vad?

[13:58] {Threei} yeah

[13:58] {nemo} mgm or $

[13:58] {Threei} hmmm

[13:58] {Threei} MGM, not sure

[13:59] {Threei} maybe break

[13:59] {fernp} ok. no read here

[13:59] {Threei} mags, you here??

[14:01] {strider} mgm c&h

[14:01] {nemo} or double top

[14:01] {strider} k

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 815M shares, about 19% above its three-month average; decliners lead advancers by 3.1:1.

[14:02] {Threei} - NASDAQ volume 1.53B shares, about 5% above its three-month average; decliners lead advancers by 1.9:1.

[14:02] {Threei} - VIX index +8.5% to just over 24.00

[14:02] {nemo} wow...

[14:02] {nemo} that's a jump

[14:02] {nemo} options must be selling like hot cakes

[14:09] {fernp} Vad, SKS short .14 for 5 cent scalp do u think is good idea?

[14:11] {Threei} too narrow IMO

[14:12] {Threei} getting 5 cents out of it will be torture

[14:12] {Threei} let alone more

[14:12] {fernp} thanks

[14:19] {Threei} if reversal gains momentum and takes root more confidently, we will have QID breakout working

[14:19] {Threei} BIDU earnings after market

[14:20] {Threei} WYNN tomorrow morning

[14:24] {nemo} Hey Lari...do typing mistakes on private dcc's from Vad count?

[14:24] {Threei} sigh

[14:24] {larisa} lol

[14:25] {Threei} you have to admit, I am much much better today

[14:25] {larisa} you are, keep trying your best :)

[14:25] {Threei} ty for encouragement

[14:26] {Threei} and I edited out two mistypes in "encouragement" before hitting enter

[14:26] {fernp} lol

[14:26] {Threei} and one in word "enter"

[14:27] {Threei} but I nail "and" almost every time

[14:27] {larisa} you know what? just concentrate on trading and forget retyping. Just make sure symbol is right :)

[14:27] {nemo} nice one

[14:27] {fernp} good one

[14:28] {nemo} vad got bitch slapped!

[14:28] {Threei} not much to trade right now anyway

[14:28] {Threei} question is:

[14:28] {larisa} it was not slapping.. he is forgiven!!

[14:28] {nemo} back-handed albeit

[14:28] {Threei} do we break down this narrow range formed over last 2 and half hours

[14:29] {Threei} or market breaks upper limit and returns into meaningless territory

[14:29] {Threei} range itself is too narrow to play within it,

[14:29] {nemo} which would aggravate the most people?

[14:29] {Threei} no indication which side is more likely to give up

[14:29] {Threei} so I sit it out for now

[14:30] {larisa} very tough market I agree

[14:31] {Threei} we got first half of the day mostly right

[14:31] {Threei} hopefully it's a sign of market finding the direction or us getting back in tune with it

[14:32] {nemo} last mon and tuesday were good

[14:32] {Threei} don't want to ruin the harmony, fragile as it is, by pushing aything while in narrow range

[14:39] {Threei} Long Setup: QID .20 break

[14:39] {fernp} SKS worked, patterns are gradually gaining credibility

[14:39] {Threei} if stays above .10

[14:50] {Threei} ok market

[14:50] {Threei} breakdown is in cards

[14:50] {Threei} just do it

[14:51] {strider} Qs making dbl bottom

[14:51] {Threei} larisa, dino

[14:51] {Threei} bets on the close?

[14:51] {Threei} -180 here

[14:51] {larisa} -160 :)

[14:51] {larisa} wow, we are on same page, not good :)

[14:51] {dino} -65

[14:51] {larisa} lol

[14:51] {Threei} 20 points apart

[14:51] {Threei} and dino doesn't diasppoint :)

[14:51] {dino} lol

[14:52] {Threei} I don't see double bottom strider

[14:52] {Threei} I see multiple attempts at low

[14:52] {strider} ok. multiple bottom:)

[14:52] {Threei} this is 6th or 7th one

[14:52] {Threei} tightenting range too

[14:53] {strider} so, I needed to spread my chart out a bit.

[14:53] {Threei} I watch whole day

[14:54] {nemo} markets strengthening

[14:56] {strider} stop at .09?

[14:56] {Threei} on what?

[14:56] {fernp} y

[14:56] {strider} QID

[14:56] {Threei} sure

[14:57] {fernp} stopped

[14:58] {fernp} have a nice evening everybody. see u all tomorrow.

[14:58] {Threei} take care fern

[15:21] {Threei} (US) Senator Majority Reid: The best way foreward is with a public option, with op out provisions for individual states

[15:21] {strider} Let me guess. California will opt IN.

[15:42] {nemo} uniform triangle forming on fcx

[15:42] {nemo} fcx staying just below 200 fwma

[15:45] {Threei} ewell... so far market justg stayd in the range, rendering attempts to play breaks useless

[15:46] {dino} 20 pts

[15:49] {nemo} dollar has held all afternoon

[15:49] {dino} -68

[15:50] {Threei} larisa... we need vacation

[15:50] {Threei} look how dino pins it down

[15:50] {larisa} 10 more minutes!

[15:51] {Threei} yeah... but it's safe to say he will be closer to final number than any of us :)

[15:51] {dino} "safe", not in todays market imo, lol

[15:51] {larisa} lol

[15:58] {dino} see

[15:59] {nemo} aig w/mind of its own

[16:01] {dino} maybe that equity falls in the barney worthless class too

[16:01] {nemo} not if you trade it profitably

[16:01] {dino} lol

[16:01] {Threei} thank you all

[16:01] {dino} good point

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

[16:01] {larisa} bye :)

[16:01] {nemo} ooohhh...cat cut 2500 laid-off workers

[16:03] {dino} vfc

Oct 23 2009

One of the toughest weeks in quite a while. Topping action but no reversal yet. Slightly negative day if you played "official" calls only, hugely positive if hit AMZN momo long - but how many have heart for that? Congratulations to our most risk-tolerant member who lives for such plays.

Session Time: Fri Oct 23 00:00:00 2009

[07:51] {magoo} jkbasjhsahkhgkK

[07:52] {nemo} Magus

[07:54] {magoo} cap'n

[08:08] {nemo} in anything mags?

[08:09] {magoo} im stalking amzn

[08:20] {magoo} msft reports in 15 min

[08:21] {nemo} mmhhh...shortable

[08:26] {nemo} that was nice DB on amzn..high volume bottom, low volume retest

[08:30] {nemo} good earnings msft

[08:38] {magoo} i took it l .890

[08:38] {magoo} out here

[08:38] {magoo} scalp

[08:38] {magoo} out .45

[08:41] {magoo} 109 seems inevitable

[08:41] {nemo} yeah

[08:41] {magoo} crap

[08:44] {magoo} 110 next

[08:45] {nemo} msft blasted the Qs and SPY higher

[08:46] {magoo} bears on the run

[08:46] {magoo} unreal

[08:48] {nemo} amzn

[08:48] {magoo} 110 might be a launch pad more than resistance

[08:49] {nemo} uncharted territory..."there be dragons"

[08:50] {Threei} here there be monsters

[08:50] {nemo} yeah...what else would you call an entity with THREE Eyes?!

[08:51] {Threei} you mean it's somethng out of the norm??

[08:51] {nemo} Don't get out much, do you?

[08:51] {Threei} no... why?

06[08:53] * magoo slaps Threei around a bit with a large trout

[08:54] {Threei} what was that for

[08:54] {magoo} wake up..get to work.we can make our day this pre mkt lol

[08:54] {magoo} 110 on deck

[08:54] {Threei} kidding? I can't trade during normal hours, lol

[08:54] {nemo} msft

[08:55] {magoo} i know.,...thats why i wanted to try this he he

[08:55] {magoo} just got a buck here amzn

[08:56] {magoo} 111 inevitavble

[09:00] {lasertrev} morn nemo magoo vad

[09:00] {Threei} trev :)

[09:01] {magoo} hey trev

[09:01] {bkhmd} gm all

[09:01] {magoo} hey bk

[09:01] {Threei} VITA Presentation of Cortoss Clinical Study Results at the 2009 Congress of Neurological Surgeons Annual Meeting

[09:01] {Threei} bk :)

[09:02] {magoo} bk=burger king?

[09:03] {bkhmd} yes how did you know

[09:03] {bkhmd} actually initials BKH and MD is Maryland

[09:03] {Threei} bkhmd - hmf = bk

[09:04] {bkhmd} but my staff used to call Me BK as i used to frequent the local Burger KingK

[09:04] {bkhmd} whats on radar today

[09:04] {bkhmd} WHR had great earnings

[09:05] {Threei} what didn't

[09:05] {Threei} BRCM seems to be the only ugly chiled who missed earnings

[09:05] {bkhmd} EMCI and CACH earnings fell significantly below

[09:05] {bkhmd} and we have housing at 10:00

[09:05] {Threei} which probably won't revent it from making new annual highs today, lol

[09:06] {bkhmd} if yesterday was any signal ur right

[09:06] {bkhmd} lol

[09:06] {bkhmd} what did asian markets do last night?

[09:07] {ese} good morning one and all........

[09:08] {magoo} ese:)

[09:08] {bkhmd} gm ease

[09:08] {fernp} Good morning everybody

[09:08] {bkhmd} ese*

[09:08] {bkhmd} Fern

[09:08] {Threei} ese, fern :)

[09:09] {ese} mags bk fern vad

[09:09] {strider} morning all

[09:09] {Threei} strider :)

[09:09] {bkhmd} stride

[09:09] {ese} sssssstttttt!!!!1

[09:11] {strider} :)

[09:11] {magoo} stripper:)

[09:11] {strider} that's a new one.

[09:12] {magoo} how would u fair? poorly?

[09:12] {Threei} US Rep Frank: Administation may send a new bill for 'resolution authority' on troubled and systemic companies on Monday

[09:12] {Threei} - comments that there isnt much change of placing all bank supervision into the hands on one agency

[09:12] {Threei} - Congress currently in discussion to create an optional Federal charter for insurers

[09:16] {larisa} gm :)

[09:16] {ese} probably a stupid question but have you all made note of amzn...beats .45 v.33expected it's up 16pts....whoa

[09:17] {nemo} no..haven't paid attention to it's $17 dollar run. or its run from 107-110 this morning...or Mag's $ he scalped already...had no idea

[09:18] {ese} ahhhhhh......magoo would be in for sure

[09:21] {Threei} larisa :)

[09:21] {nemo} lari :)

[09:21] {larisa} :)

[09:21] {Threei} US) Govt Spokesman: US has told IAEA's El-Baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"

[09:26] {nemo} feels like big up day

[09:26] {magoo} [08:56] {magoo} 111 inevitavble

[09:26] {dptl} good morning

[09:26] {Threei} dp :)

[09:27] {Threei} okay guys, you know what I do after losing day, right?

[09:27] {nemo} win

[09:27] {Threei} those who think "drink yourself into oblivion" are wrong

[09:27] {bkhmd} new day

[09:27] {bkhmd} market dont remember yesterday

[09:27] {bkhmd} page 131 of the book

[09:27] {Threei} shrink, apply extra caution,

[09:28] {Threei} setting "do no harm" as major goal

[09:28] {Raven} double your position size and widen your stops ?

[09:28] {Threei} that's it

[09:28] {bkhmd} yea get even

[09:28] {bkhmd} lol

[09:28] {Threei} so, be patient,

[09:29] {Threei} main feature of setups for today is going to be safety

[09:29] {Threei} low risk

[09:29] {Threei} tight stops

[09:29] {patience} yup, patience pays :)

[09:29] {Threei} lol, good morning

[09:29] {magoo} OY

[09:29] {patience} :)

[09:29] {nemo} oy

[09:31] {Threei} NFLX lost its mind

[09:31] {nemo} huge beat

[09:34] {Threei} Long Setup: CPWR 8.10 break

[09:34] {Threei} if stays above 8

[09:34] {Threei} 1:1

[09:34] {fernp} out ty

[09:37] {Threei} 1:2

[09:37] {Threei} who held it, get out

[09:38] {magoo} RIMM vad

[09:38] {ese} nice one....was looking elsewhere....missed it

[09:39] {Threei} RIMM, I want it to hold .25 and break .40

[09:39] {Threei} will be worth a first try

[09:39] {Threei} nope, new low

[09:40] {magoo} COF nuts too

[09:40] {Threei} market is not up that much for all this blowout eearnings

[09:40] {nemo} no

[09:41] {Threei} DOW is flirting with red

[09:41] {Threei} S&P is red to flat

[09:41] {Threei} IMO, down is next step

[09:41] {nemo} oh oh

[09:41] {Threei} Preview: Sept Existing Home Sales due out at 10amET

[09:41] {Threei} **consensus expectation: 5.35Me (+4.9% m/m) v 5.10M prior.

[09:45] {magoo} aMZN could care less about futes

[09:45] {fernp} PWER breakout, Vad?

[09:46] {Threei} hard to tell

[09:46] {Threei} this stock doesn't have a good history

[09:46] {Threei} tends to wilt and die

[09:46] {fernp} ok

[09:47] {ese} l amzn .75

[09:47] {ese} out amzn .98

[09:47] {ese} +.23

[09:47] {fernp} gj

[09:47] {magoo} double bott AAPL

[09:47] {nemo} how many little buggers ese?

[09:48] {Threei} RIMM

[09:48] {ese} 2k

[09:48] {Threei} short .80 break or long .90 break

[09:48] {Threei} aww... late

[09:48] {ese} nemo....moving real fast...scares me a little

[09:49] {magoo} u want fast..look amzn

[09:49] {magoo} l aapl .65

[09:50] {ese} i did mags

[09:50] {ese} was in and out of it

[09:51] {ese} lookin to short it at 110.60 approx

[09:51] {magoo} COF pulling back vad

[09:52] {Threei} Short Setup: BRCM .10

[09:52] {Threei} if stays under .20

[09:53] {Threei} Long Setup: RIMM 67 break

[09:53] {Threei} if stays above .90

[09:55] {Threei} BRCM invalidated

[09:55] {Threei} RIMM still may reestablish

[09:55] {ese} tired market me thinks

[09:56] {fernp} both invalidated, no?

[09:56] {Threei} yes

[09:59] {magoo} in rimm .90

[10:00] {Threei} SEPT EXISTING HOME SALES (M/M): 5.57M V 5.35ME (

[10:02] {ese} bstop amzn 113.11

[10:02] {magoo} no work rimm

[10:02] {ese} in

[10:03] {fernp} HIG lod and consolidating there

[10:03] {bkhmd} yes

[10:03] {fernp} but is H I G

[10:03] {ese} out amzn .42

[10:03] {ese} +.31 man this thing moves fas

[10:05] {ese} at some point this has to come down off it's loft perch amzn

[10:05] {bkhmd} IP double bottom?

[10:06] {Threei} I don't see it

[10:06] {bkhmd} ty

[10:06] {fernp} shorted HIG .41 and out here .25

[10:09] {ese} vad if i wanted to short DIA....would i do that .55 to .60 on pullback

[10:10] {Threei} the way it trades, it's most likely to jump somewhat over .60 before dropping again

[10:10] {Threei} make that tail to .65 or so and drop fast from there

[10:11] {magoo} oyt AMZN .53

[10:11] {magoo} point and half

[10:11] {ese} tks........

[10:11] {magoo} [prolly reload

[10:11] {magoo} STRONGGGGGGGGGG

[10:11] {ese} very

[10:11] {magoo} but it can driop a poinyt in a blink..nit for faint hearted

[10:12] {Threei} .short rimm .50 break

[10:12] {Threei} Short Setup: RIMM .50 break

[10:12] {Threei} if stays below .65

[10:13] {ese} dia....not going acording to plan

[10:13] {magoo} if IF mkts bounce..rimm gonna bounce

[10:13] {Threei} 1:1

[10:13] {fernp} too fast never filled

[10:13] {nemo} yeah

[10:13] {magoo} FAST vad

[10:13] {magoo} as i tyoped

[10:13] {Threei} back for entry

[10:13] {bkhmd} same never filled

[10:13] {fernp} still valid ?

[10:14] {Threei} yes, only stop is .60 this time

[10:16] {magoo} my quotes are anus

[10:16] {larisa} made 50 cents on AMZN short just for excitement. "they" say excitement is an enemy of trader :)

[10:16] {magoo} u got a server vad?

[10:16] {Threei} 0

[10:16] {Threei} 9

[10:16] {larisa} fine here magoo

[10:17] {Threei} Short Setup: BRCM .95 break if stays below 28.05

[10:18] {magoo} funny vad..we both correct RIMM

[10:20] {fernp} brcm still valid?

[10:20] {Threei} too sharp dive

[10:21] {Threei} let's see if we get bounce to short into

[10:21] {ese} nice one there larisa.....man i thought that thing would be heading down by now

[10:22] {ese} how many shs laris?

[10:22] {larisa} it can go to 150 first :) yo unever know

[10:23] {Threei} BRCM got away didn't it

[10:23] {larisa} I do not play more than 1K ever

[10:23] {fernp} y

[10:23] {larisa} scalper here

[10:23] {ese} nice work......

[10:24] {fernp} FITB short, Vad? if breaks

[10:24] {Threei} not sure

[10:24] {bkhmd} Larisa thanks for sharing I wanted to know but was afraid to ask

[10:24] {Threei} BRCM, I am crying

[10:24] {ese} i would have yes fern.....but i'm too late

[10:25] {fernp} yeah, too late

[10:28] {Threei} Long Setup: AAPL .50 break

[10:28] {magoo} in

[10:28] {Threei} if stays above .30

[10:28] {magoo} lol

[10:29] {ese} oh my my my fern........fitb would have been a nice short

[10:30] {fernp} true

[10:31] {Threei} Short Setup: BRCM .50

[10:31] {Threei} if stays blow .60

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 270M shares, about 4% below its three-month average; decliners lead advancers by 2.6:1.

[10:31] {Threei} - NASDAQ volume 650M shares, about 15% above its three-month average; decliners lead advancers by 1.4:1.

[10:31] {Threei} - VIX index +1.5% to just under 21.00

[10:32] {fernp} stopped

[10:35] {Threei} Short Setup: RIMM .50 break

[10:35] {Threei} if stays under .60

[10:37] {fernp} ty

[10:37] {Threei} 1:1

[10:37] {strider} =.10

[10:37] {strider} +

[10:37] {Threei} trying for more, covered half

[10:37] {Threei} 1;2

[10:37] {Threei} 1/4 more

[10:37] {Threei} 1:4, out in full

[10:38] {Threei} +.38

[10:38] {Threei} finally worthy one

[10:39] {larisa} gj

[10:40] {ese} does anyone know what amzn'z all time high is?

[10:40] {larisa} I think it was 113 in '99

[10:40] {larisa} but not sure

[10:40] {nemo} yeah

[10:41] {ese} tks....hmmmmmmm causes one to think at this pts.......then there ain't gonna be a whole lot of resistance goin up

[10:42] {larisa} shorts are in trouble on this one I think, some shorting it from 50..

[10:42] {ese} in amzn laris?

[10:42] {larisa} yup

[10:43] {ese} ouch

[10:44] {magoo} i truly think if if it takes 115 today...it prints 117.43 today

[10:44] {Threei} crrrap

[10:44] {magoo} IF

[10:44] {ese} patience......your house slid down the Landsdown slope yet with all this rain?

[10:44] {Threei} typed long NFLX .10 break

[10:45] {Threei} by the moment I finished typing it was at .25

[10:45] {magoo} thats why iu need tio update room to skype vad

[10:46] {strider} another chance on NFLX?

[10:46] {Threei} not sure

[10:46] {Threei} momo play

[10:46] {nemo} rimm short

[10:46] {Threei} they rarely have technical setups

[10:47] {patience} no ese, i am next to the golf course so i expect to float onto the clubhouse lawn :)

[10:48] {ese} I had a tee time for 10:57 today.....it ain't gonna happen

[10:48] {Threei} come on ese

[10:48] {Threei} little drizzle

[10:48] {Threei} don't be a sissy

[10:49] {ese} oh ya....oh ya,,,,,,,,well ....i'll show you.......i'll be out there!!!!!!!!!

[10:49] {Threei} cool... forgive me for not gpoing there to see it... I'll take your word

[10:50] {nemo} that's right....you don't get out much

[10:50] {Threei} no

[10:50] {ese} i will probably be washed up on patience lawn.......is what will happen

[10:50] {Threei} breakdown is coming in the market, IMO

[10:50] {nemo} aapl weak

[10:50] {ese} he doesn't have too.....he has an exercise facility right out his back door

[10:51] {Threei} self made too

[10:51] {Threei} Short Setup: RIMM .15

[10:51] {Threei} if stays under .25

[10:51] {magoo} launch AMZN

[10:51] {magoo} in .30

[10:52] {Threei} wtg mags

[10:52] {magoo} 115

[10:52] {magoo} come on

[10:52] {ese} wow mags....nice

[10:53] {Threei} RIMM, not a scalp again for me

[10:53] {Threei} risk is minimal

[10:54] {ese} s rimm .14

[10:54] {Threei} NQ needs to lose 1760

[10:55] {ese} agreed

[10:55] {Threei} here we go

[10:55] {Threei} day low is right around 1:1... if breaks down and market helps, should drop far and fast

[10:55] {Threei} big bid .10 got hit

[10:56] {Threei} IA) WSJ: Iran has pulled away from nuclear agreement; prefers to purchase nuclear fuel needed for reactor rather than shipping uranium abroard

[10:56] {Threei} new low

[10:56] {Threei} **Note: earlier today a US Govt Spokesman said that US has told IAEA's El-baradei that it accepts the UN proposal for Iran nuclear issue; "looks forward to Iran's reply"

[10:56] {Threei} 1:1

[10:57] {Threei} covering half

[10:57] {magoo} msft news cracked mkt therex

[10:57] {Threei} MSFT Yahoo will add nothing to revenue in current fiscal year (28.33, +1.74, 6.54%)

[10:57] {ese} c 1/2

[10:58] {Threei} YHOO will add "hundreds of millions" in 2011

[10:59] {ese} most i've ever shorted by the way 1k

[10:59] {ese} still 1/2 k left

[10:59] {Threei} stop to above .20

[10:59] {ese} done....

[10:59] {Threei} if pesky scalpers win this one, so be it

[11:00] {Threei} but in the market like this, gotta give it a chance

[11:00] {Threei} breakdowns ought to be good

[11:00] {ese} indeed

[11:00] {Threei} lose 66 and kaput

[11:01] {ese} no kaaapluey

[11:02] {fernp} out balance

[11:02] {ese} stoped balance

[11:02] {Threei} didn't go over .20 yet

[11:02] {Threei} sissies

[11:02] {magoo} oput .73 AMZN

[11:02] {ese} whaaaaaaaaa?

[11:02] {magoo} several times

[11:03] {magoo} continuos scalping really

[11:03] {fernp} now yes

[11:03] {Threei} okay opkay... no means no

[11:03] {ese} rotfl

[11:03] {magoo} 115

[11:05] {ese} anyway......tks for talking me through it vad......gained a litle more confidence......shorting still a litle weak in my arsenal

[11:06] {Threei} it's easy...

[11:06] {Threei} like long, just in opposite direction

[11:06] {strider} the same, but different.

[11:06] {ese} yup....stigma....will get over it

[11:06] {Threei} and don't forget to sell first, buy later... unlike long where you buy first, sell later

[11:06] {nemo} too bad there isn't an inversion setting on charts

[11:07] {nemo} I see shorts easier than I see longs

[11:07] {magoo} shorts are DAD AMZN ...DEAD

[11:07] {ese} FERN.....can ya believe this though....we follow the blindly and he calls us "SISSIES"!!!! man

[11:07] {nemo} In the kingdom of the blind, the one-eyed man is king

[11:08] {ese} ahhhhh yup

[11:08] {magoo} DEAD i tell ya....DDDDEEEEEAAADDDDDDDDDDDDD'

[11:08] {nemo} who what where DEAD?

[11:08] {ese} it's rather stunning to be honest mags

[11:09] {nemo} honest?

[11:09] {ese} but what gave you the 117.43 target though

[11:09] {fernp} es ese, he is incorrigible

[11:09] {ese} definitly

[11:09] {Threei} well, two things

[11:10] {Threei} first, I enjoy it... why would you refuse me little fun I derive from slapping, insulting and otherwise gurting good people

[11:10] {Threei} second, and less relevant: stop was ABOVE .20

[11:10] {Threei} not .20 itself

[11:10] {magoo} target 117.43

[11:10] {Threei} but first point is much more importasnt

[11:11] {ese} ya how did you get that target

[11:11] {magoo} put that in way earlier too

[11:11] {magoo} liker hours ago lol

[11:11] {magoo} DEAD DEAD DEAD

[11:13] {ese} I can tell vad.....point #1 is much more enjoyable for you

[11:13] {magoo} magic 8-ball ese..i asked it...117.43...it replied it would seem so

[11:15] {ese} hasn't cracked has it?

[11:15] {Threei} Microsoft Corp Ticking lower after a CNBC makes erroneous report regarding guidance; CNBC misreported the earlier Operating Expense guidance cut as a Revenue guidance cut

[11:15] {Threei} - earlier MSFT said it was cutting operating expenses guidance to $26.2B from $26.5B for FY ended June 30, 2010.

[11:15] {Threei} - follow up 11:10amET: CNBC corrects its error.

[11:18] {fernp} GLD Vad

[11:18] {Threei} you know, I am a bit hesitant to trade this one

[11:19] {Threei} reason is, I am biased

[11:19] {Threei} I am what goldbugs consder their worst enemy: one who thinks gold's intrinsic value is non-existent

[11:19] {fernp} ok I understand

[11:19] {Threei} well, aside from industrial applications and bling

[11:19] {ese} hmmmmmm explain please

[11:20] {nemo} short on FCX? need pullback?

[11:20] {Threei} I'd be shorting GLD left and right, lol

[11:21] {strider} would that be a bad thing:)

[11:21] {Threei} ese... there are people who think gold has some deeper value than whatever masses are willing to pay for it

[11:21] {Threei} store of value... currency...

[11:21] {Threei} to me, it's own intrinsic value is none

[11:21] {ese} yup....agreed

[11:22] {Threei} you can agree to have seashells as currency

[11:22] {nemo} yep was bear flag

[11:22] {Threei} and some civilizations did in the past

[11:22] {ese} i just think it's historical intrinsic value

[11:22] {Threei} and the only advantage gold has over those is it's not as fragile

[11:22] {ese} agreed

[11:23] {Threei} gold standard makes zero sense to me

[11:24] {larisa} but how it connects to daytrading it? you either like how stock trades or not. Most of the stocks you trade you do not give a damn abut their value, you read the tape.

[11:24] {magoo} dow under 10k

[11:24] {ese} well at least since they discarded breton woods in the early 70's

[11:24] {Threei} true laridsas, my point is:

[11:24] {larisa} now i am laridsas

[11:24] {Threei} being skeptical about underlying assset may impact the judgement and create bias

[11:25] {Threei} US) Speaker Pelosi: reiterates House health bill will include the public option, but still working out the details of the plan

[11:25] {Threei} this gal is determined

[11:26] {Threei} see what I mean? I catch myself thinking short every time I look at GLD chart

[11:26] {larisa} I understand, it is like stock of the company you work for, always optimistic :)

[11:27] {Threei} I guess... I never worked for any company but I understand the mindset

[11:27] {larisa} bias you can not read of no matter how hard you try

[11:27] {Threei} rid too

[11:27] {larisa} right

[11:28] {Threei} yes... exactly what I mean

[11:28] {Threei} when I feel this in myself, I have to be double careful

[11:28] {larisa} vad can spell after all

[11:29] {Threei} and that's the biggest surprise for today

[11:29] {ese} mags you still amzn?

[11:29] {Threei} strange disconnection

[11:29] {magoo} yes

[11:30] {Threei} NASDAQ chart is downtrending still

[11:30] {Threei} BRCM isn't, RIMM isn't

[11:30] {ese} nice.......gutsy as well.....good on ya

[11:30] {magoo} no guts..this was no brainer

[11:30] {magoo} mkts tank...amzn STRONG

[11:30] {ese} really?

[11:30] {magoo} wait if mkts got going

[11:31] {magoo} seriously

[11:31] {ese} hmmmm

[11:31] {magoo} there was/is no reason to sell

[11:31] {nemo} aapl selling off a bit

[11:31] {ese} would agree with that for sure

[11:31] {magoo} now remember..i was hitting it this pre mkt in 107 area w/cap'n nemo

[11:32] {nemo} yep...first thing he says, "hunting amzn"

[11:32] {ese} you still in from there!!!

[11:32] {nemo} nice db @ 107 and it's been up and away since

[11:32] {nemo} no...magoo has been

[11:32] {magoo} i was hitting itlast nite from like 99 to 104

[11:32] {magoo} cant quiter remember

[11:33] {nemo} mmmhhh amzn looking a little toppy here

[11:33] {magoo} well..ya and no..it may breathe some soon

[11:33] {magoo} but its NOT A SHORT

[11:34] {magoo} i mean it up 22 points I LUV THESE

[11:34] {magoo} 116 coming

[11:35] {Threei} this is good place to try with stop under .50

[11:35] {Threei} tight enough

[11:35] {strider} MZN?

[11:35] {strider} amzn

[11:35] {magoo} no

[11:35] {magoo} amzn he he

[11:35] {Threei} yeah

[11:36] {Threei} .66 in

[11:36] {magoo} 116,25 exit should do it

[11:36] {magoo} shit missed my aapl bounce

[11:37] {magoo} u guys distracted mags

[11:39] {Threei} tired a bit

[11:39] {nemo} nobody believed me :(

[11:39] {Threei} hit 1:1 and lost breath

[11:39] {nemo} crissakes...I leave my chin out like that....sheesh

06[11:40] * magoo slaps nemo around a bit with a large trout

[11:40] {larisa} I actully did nemo, just did not want to say anything, caz people were long on it

[11:40] {Threei} it's Friday nemo... we are kinder and gentlier than usual

06[11:40] * magoo slaps larisa around a bit with a large trout

[11:40] {nemo} skeeves me

[11:41] {magoo} c'mon..ive been calling it long to levels since 8 am

[11:41] {magoo} u guys are LATE to my party...sheesh

[11:41] {ese} skeeves? thats as good as temoted

[11:41] {nemo} absolutely...I confirmed that already

[11:41] {magoo} now i no how vad feels

[11:41] {nemo} thanks ese

[11:41] {Threei} welcome to my world mags

[11:42] {magoo} really

06[11:42] * nemo gives magoo and Vad hankies laced with pepper spray

[11:42] {Threei} you call them with 80-90% accuracy for months, then lose one day and rotten tomatoes are flying

[11:42] {larisa} lol

[11:42] {nemo} BS....whose thrown anything

[11:43] {nemo} Haven't heard anybody say anything derogatory

[11:43] {nemo} Hearing voices again?

[11:43] {magoo} i should apply my experience here vad and go easier on u...NAHHHHHHHH

[11:43] {nemo} who has

[11:43] {Threei} one guy (I won't name names but he is a fish) sent me three hate e-mails in one evening

[11:43] {nemo} BS

[11:43] {nemo} total taurine excrement

[11:43] {magoo} is that correct symbol nemo?

[11:43] {Threei} lol

[11:44] {magoo} AMZNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

[11:44] {magoo} yes still in

[11:44] {ese} ya got that

[11:44] {ese} is that person still on the board vad?

[11:44] {Threei} of course... I don't discriminate for critisism

[11:45] {ese} personal question i know......but i wouldn't have a problem making his life miserable

[11:45] {nemo} who ese? me?

[11:45] {Threei} really? I smell a great chance to make nemo suffer {GGG}

[11:45] {magoo} ask dino..ive cursed vad up and down office...{but i would never make that known in his room here...}

[11:45] {magoo} oops

[11:45] {Threei} lol

[11:46] {Threei} ok guys, just remember my bias nut

[11:46] {ese} it's hard to believe.....for crying ot loud...if you get into trading how can you be stupid enough not to think your not going to loose money at some point

[11:46] {Threei} GLD bounce into resistance

[11:47] {magoo} wash your mouth out ese:)

[11:47] {Threei} that was a joke in this particular case ese, I just love pulling nemo's chain

[11:47] {Threei} but overall, trust me

[11:47] {Threei} I had my fair share

[11:47] {ese} i'll bet

[11:47] {nemo} of what...hate mail?

[11:47] {magoo} he used to like doing it to magoo ..nemo...u gave me some slack here lol

[11:47] {bkhmd} I only sent 2 vad who sent the other?

[11:47] {bkhmd} lol

[11:47] {bkhmd} joke

[11:47] {bkhmd} easy easy

[11:47] {Threei} one particular response on some forum was remrkable

[11:48] {nemo} yeah...I'm hoping strider takes some of the load

[11:48] {strider} I didn't do nuthin'

[11:48] {Threei} bk, you accidentally copied it to admin and he forwarded it to me, so thsat makes three

[11:48] {bkhmd} ahhhhh

[11:48] {magoo} SICK move AMZN

[11:49] {Threei} so, someone on one forum made a favorable comment about our room,

[11:49] {magoo} if amzn hits my target vsad...give me 3 months free

[11:49] {Threei} and the guy come in with:

[11:49] {Threei} I had a trial there for 5 days,

[11:50] {Threei} they did lose on one of them, so don't think it's a holy graail, they don't possess any great secrets

[11:50] {magoo} that was magoo vad in cogneto

[11:50] {ese} just hard work!!!!! for criss&^%&^%

[11:50] {magoo} 116

[11:50] {magoo} ya bloody buns :)

[11:51] {ese} I am stunned with amzn today......

[11:51] {magoo} vad..remember good ole days when me and 1 other would get on these together?

[11:51] {ese} look at that thing......and mags hangin in there....prety amazing to be honest

[11:51] {Threei} 1 other?

[11:52] {magoo} yea...he wrote in red

[11:52] {Threei} lol

[11:52] {nemo} brcm break .05?

[11:52] {magoo} together we were a scary force finding the runners

[11:52] {nemo} maybe not right up against 200

[11:53] {nemo} nope hit 1:1

[11:53] {Threei} I really hate trying breakouts on this one nemo

[11:53] {magoo} anyone but anyone making dough on my amzn read??

[11:53] {nemo} yeah, well now it's falling back...hit both 200 and VWAP

[11:54] {magoo} [11:36] {magoo} 116,25 exit should do it

[11:54] {ese} wow.......116.25

[11:54] {nemo} crap...he missed the top by .15

[11:54] {magoo} [11:49] {magoo} if amzn hits my target vsad...give me 3 months free

[11:55] {ese} i bow to your superior ......whatever mags......outstanding

[11:55] {magoo} 117.43

[11:56] {magoo} then i get free room

[11:56] {Threei} GLD,

[11:56] {magoo} i cobvered..but will reenter

[11:57] {Threei} for double top scenario we need bounce here,

[11:57] {Threei} staying under .85

[11:57] {Threei} then breaking .70

[11:57] {ese} ok ...back to reality...fitb...what eeelll is it doing

[11:57] {Threei} does it look to you objective enough?

[11:58] {Threei} just to make sure it's not my bias talking, describing setup for you in greater details

[12:00] {nemo} in amzn break of .30 mags?

[12:01] {Threei} invalidated

[12:01] {fernp} invalidated GLD

[12:01] {magoo} sorry nemo went for coffee

[12:01] {magoo} im back in

[12:01] {nemo} 1:2

[12:01] {magoo} u do it?

[12:02] {nemo} out now

[12:02] {Threei} 117 mags?

[12:02] {magoo} 117.43

[12:05] {magoo} soon..c'mon...lets get it now

[12:05] {magoo} get up

[12:05] {magoo} here we go

[12:06] {Threei} beautiful

[12:07] {ese} BRCM making a comeback

[12:12] {nemo} hah...rimm toppe out at 6666

[12:12] {Threei} notice the formation

[12:13] {Threei} hat same double top I was looking for at GLD

[12:13] {nemo} devil's horns

[12:13] {Threei} .66 top, .50 valley bottom

[12:13] {ese} rimm sure bounced off of 66

[12:14] {magoo} vad..take 1 eye and start reading COF

[12:15] {Threei} I like short on it mags

[12:16] {Threei} and you can see why, lol

[12:16] {strider} so did a few others.:)

[12:16] {Threei} no kidding

[12:19] {strider} if BO fails on BRCM, will it be a short?

[12:19] {nemo} rimm short again...

[12:19] {Threei} .20 is support to break for it to trigger short

[12:19] {Threei} BRCM I measn

[12:20] {strider} would you call it as an official setup?

[12:21] {strider} got 3 candles dipping to .17

[12:21] {Threei} if market dives, which it seems to be ready for, yes

[12:22] {strider} whoops.

[12:22] {strider} failed again

[12:22] {fernp} AMZN pulling back to 116

[12:24] {magoo} yea..careful here

[12:24] {magoo} might be time of day to pullbk

[12:24] {Threei} why failed?

[12:25] {Threei} .35 is resistance

[12:25] {Threei} didn't go above it

[12:25] {strider} failed to break resistance.

[12:25] {Threei} I'd say it's still valid

[12:25] {Threei} oh

[12:25] {Threei} lol

[12:25] {nemo} brcm broke trendline

[12:25] {nemo} looking short

[12:25] {strider} sometimes failure is a good thing, no?

[12:26] {nemo} has long as it's not in a duel

[12:27] {nemo} as

[12:27] {strider} FLD in consolidation

[12:27] {strider} GLD

[12:29] {strider} missed BRCM but may not a bad thing.

[12:30] {nemo} lunchtime...scalps

[12:30] {strider} mini-scalps

[12:30] {strider} Type 1 with type 2 shares:)

[12:35] {strider} LINTA

[12:37] {Threei} BRCM 1:1

[12:45] {strider} .

[12:45] {magoo} yea vad..im in

[12:45] {magoo} 1187

[12:45] {magoo} 117

[12:45] {Threei} lol

[12:46] {Threei} anyone care to guess who is on TV?

[12:46] {nemo} Carmen Electra?

[12:46] {Threei} you really wish

[12:47] {magoo} george dubya?

[12:47] {strider} mARIS tOMEI?

[12:47] {strider} marisa

[12:47] {magoo} AMZN

[12:47] {magoo} .40

[12:47] {nemo} hat's and noise makers ready...

[12:47] {magoo} .03 cents off

[12:48] {magoo} wish dino were here for that call

[12:48] {Threei} you'll tell him and we will confirm

[12:48] {nemo} how markets end today Vad?

[12:49] {magoo} with the closing bell nemo

[12:49] {Threei} I think we will try to make a run at the high, fail and finish about here as scenario #1

[12:49] {Threei} next by likelyhood is eod seloff to new lows

06[12:50] * nemo slaps magoo around a bit with a large CROW BAR

[12:50] {nemo} sorry raven

[12:50] {Threei} and only third, least likely but not out of realm of possibilities is rally

[12:51] {nemo} That would be most painful...shorts see weakness even with some good earnings results...say, "this is it." ....WHAM!....rally.

[12:51] {larisa} -130 ending :)

[12:53] {magoo} i think we end green

[12:53] {nemo} yeah..me too

[12:53] {strider} aone?

[12:53] {Threei} Long Setup: HIG .25 break if holding .2o

[12:54] {magoo} no ty...eating soup

[12:54] {Threei} no read on AONE

[12:55] {fernp} 2o is 20 true?

[12:56] {Threei} yes, lol

[12:56] {nemo} hey...how's that ipo from a couple of days ago doing? still at 14.50?

[12:56] {Threei} sheesh

[12:56] {Threei} it is

[12:57] {fernp} out

[12:58] {ese} i still don't get how you figured the amzn call mags.......what were you looking at?

[12:58] {larisa} amount of $ he needs to buy an Island :)

[12:59] {magoo} magic 8-ball

[12:59] {magoo} i dont know how that worx

[13:00] {magoo} biut hey..only off .03

[13:00] {magoo} for now

[13:03] {strider} TROW kind of interesting, daily & 5 min.

[13:07] {larisa} triple top, give up AMZN :) or magoo needs to establish new target :)

[13:17] {Threei} one more of interest mags: PCLN

[13:18] {fernp} LVS breakdown, Vad?

[13:18] {magoo} vad...i get 3 months free..only missed by 3 cents?

[13:18] {magoo} i was calling that from 110 area

[13:18] {Threei} 3 cents in unforgivable mags

[13:19] {magoo} crap

[13:19] {Threei} not sure fern...

[13:19] {Threei} feels more random

[13:19] {fernp} ok

[13:23] {Threei} RIMM...

[13:24] {Threei} if market breaks down, 66 break is a good short setup

[13:25] {strider} wide stop?

[13:26] {Threei} .20...

[13:29] {Threei} if sets up from here, .15 will be good as a stop

[13:33] {fernp} in

[13:33] {ese} hmmmmmmm

[13:33] {ese} i am back

[13:34] {magoo} vad WHY BIDU up huge in down mkt?newss

[13:35] {Threei} no news

[13:35] {Threei} Bank of America Corp Reportedly Congressman Towns issuing subpoena to Countrywide Financial in mortgage probe

[13:35] {Threei} - Congressman Towns says he has requested information from Wells Fargo, JP Morgan, Citigroup, and GMAC; is prepared to issue subpoenas to other banks in mortgage probe if they don't comply

[13:37] {strider} +.11 RIMM from early entry

[13:40] {magoo} vad..550cc = how many ounces?

[13:40] {nemo} 1 cc=1gram=28.5 grams in an ounce

[13:40] {magoo} no like liquid

[13:41] {nemo} about 20 oz

[13:41] {magoo} no

[13:41] {magoo} more like 12

[13:41] {Threei} 1 US fluid ounce = 29.5735296 cc

[13:41] {magoo} anyone??

[13:41] {nemo} there you go, what I tell you

[13:50] {fernp} stopped RIMM

[13:51] {Threei} didn't cover on dive under .90?

[13:51] {fernp} .86 was 1:1

[13:52] {Threei} it touched .87...

[13:52] {fernp} not filled at .87

[13:52] {Threei} when it's 1-2 cents away from 1:1, don't let it turn into loss

[13:52] {fernp} late

[13:53] {fernp} another awful day here

[13:54] {Threei} hmmm

[13:54] {Threei} nothing stellar but not horrible at all

[13:55] {fernp} true, only a bad day

[13:55] {fernp} yest was an awful day :)

[13:56] {nemo} I've avoided stops today...so that's good

[13:56] {nemo} question, is this an index bear flag

[13:57] {Threei} very much looks like that

[13:57] {nemo} yeah

[14:03] {bkhmd} JOYG DB?

[14:03] {Threei} only if market starts recovery-rally... which IMO is not in cards

[14:04] {ese} have a great weekend all....cya monday

[14:04] {nemo} Have you forseen this Lord Vad?

[14:04] {bkhmd} or colater ese

[14:04] {fernp} bye ese

[14:04] {nemo} adios ese

[14:04] {bkhmd} later ese

[14:04] {Threei} take care ese

[14:04] {ese} take care

[14:04] {nemo} vaya con diablo

[14:07] {nemo} amzn bounced right off the 200 ma

[14:08] {Threei} more and more feels like breakdown coming

[14:09] {magoo} amzn or mkt vad?

[14:09] {Threei} market

[14:12] {nemo} we'll probably end up where we started yesterday

[14:12] {Threei} which is amazing in itself considering how the day started

[14:13] {strider} amzn

[14:13] {nemo} whoa amazon

[14:13] {Threei} Market Internals update at 2:00pmET

[14:13] {Threei} - NYSE volume 705M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.

[14:13] {Threei} - NASDAQ volume 1.65B shares, about 13% above its three-month average; decliners lead advancers by 2.9:1.

[14:13] {Threei} - VIX index +7% to just over 22.00

[14:18] {strider} I think we're getting close to seeing who the biggest fool is...on amzn

[14:20] {Threei} you think they'll give us the name of the top buyer?

[14:23] {magoo} hope its not magoo

[14:24] {Threei} no breakdown

[14:24] {nemo} funny...I was thinkng the same thing

[14:24] {magoo} in it .50

[14:25] {nemo} brcm been on quite the march too

[14:25] {Threei} no kidding

[14:26] {Threei} and I hated this one the most

[14:26] {nemo} Yeah...I remember...someting about hating breaks on that stock

[14:27] {strider} yoi still in mags?

[14:27] {nemo} stop of .30?

[14:35] {nemo} RIMM sneaking up on 66 again

[14:38] {magoo} i hate to even type this

[14:38] {magoo} 119 coming

[14:38] {nemo} where you in?

[14:38] {magoo} 117.49

[14:39] {magoo} 118

[14:43] {fernp} short RIMM 65.99, Vad?

[14:43] {Threei} with stop over .10?

[14:43] {Threei} looks right

[14:43] {fernp} y

[14:46] {Threei} and to think, I was pondering yesterday after earnings, whether 102 is good entery or leave it alone

[14:46] {strider} ??

[14:46] {Threei} on AMZN

[14:47] {strider} I'll take some at 102:)

[14:47] {nemo} no...thought you were talking about eslr

[14:47] {nemo} that's at 1.02

[14:47] {Threei} ws available all you wanted

[14:47] {strider} can I go over to the middle of the chart?

[14:48] {Threei} ?

[14:48] {strider} and buy there?

[14:48] {Threei} ah

[14:49] {Threei} famous "buy me yesterday" feature

[14:49] {Threei} usually comes in the kit with tomorrow's WSJ subscription

[14:49] {strider} and the 'if it dont go up don't buy it' button

[14:50] {strider} in RIMM .99

[14:50] {fernp} me too

[14:51] {Threei} 1:1

[14:51] {fernp} out

[14:51] {strider} out

[14:51] {Threei} 1:2, nice and easy

[14:51] {strider} thanks nemo

[14:51] {strider} and Vad

[14:51] {strider} and the universe

[14:52] {Threei} life, universe and everything

[14:52] {nemo} yw

[14:52] {strider} did I misss anyone?

[14:52] {Threei} that was fern though who spotted it

[14:52] {strider} sorry. Thanks fern.

[14:52] {strider} never mind, nemo

[14:52] {Threei} rofl

[14:52] {strider} you guys look so much alike.

[14:52] {nemo} [14:35] {nemo} RIMM sneaking up on 66 again

[14:52] {fernp} nemo inspired me

[14:52] {Threei} plant and fish??

[14:53] {nemo} Threei=ham

[14:53] {Threei} check your sight strider...

[14:53] {Threei} 118 be taken now

[14:53] {larisa} vad, you think it is possible big brokers provide "them" the info on retail positions/stops/margin calls to fuel the short squeezes ? I really wonder how it is orchestrated. if you analize millions of accounts, the picture can be telling.

[14:53] {Threei} nah

[14:54] {larisa} I feel some structure behind it, can not explain what it is though :)

[14:54] {Threei} conspiracy involving that many people in such organized fashion can't stay undercover for than 5 minutes

[14:54] {Threei} there is structure, you are absolutely right

[14:54] {nemo} It'a Aasimov's "Foundation"

[14:54] {Threei} but it's based on the same thing all setups are based on

[14:55] {strider} my lvl 1 shows high of amzn at 119.65

[14:55] {Threei} stops are generally placed in the vicinityh of the same prices

[14:55] {strider} did I miss something?

[14:55] {nemo} Hey! witch index Amazon in?

[14:55] {nemo} yeah, mine too

[14:55] {nemo} which

[14:55] {strider} sell short!

[14:57] {nemo} I wonder how much Amazon is skewing Naz performance today?

[14:57] {strider} that must be the biggest fool...119.65

[14:58] {magoo} is that legit

[14:58] {strider} rimm again?

[14:59] {strider} dunno mags...it's there

[15:03] {Threei} I don't see it on chart

[15:03] {Threei} I doubt it

[15:03] {strider} just a 3 bar consol.

[15:03] {Threei} 118.56 is high on daily chart

[15:03] {strider} awhile ago.

[15:03] {nemo} this last hour could be precarious

[15:04] {strider} are shorts likely to push it up at end of day?

[15:04] {bkhmd} Vad your read on IP?

[15:04] {Threei} I don't have any... it's slow and narrow

[15:04] {dptl} have a good weekend all

[15:05] {Threei} mirroring market very much

[15:05] {Threei} take care dp

[15:05] {fernp} bye dp

[15:05] {strider} dp:)

[15:05] {Threei} probaly will cntinue doing so and go with market

[15:05] {nemo} just a silly feeling, but, as Vad says, it ain't gonna' be easy shorts will probably cover some incase there's a crapload of good news that comes out

[15:05] {bkhmd} ahh i see that now

[15:09] {strider} bear flag on RIMM

[15:09] {nemo} s1 is .81, see if it stalls here

[15:11] {strider} 17.60 a buy AMZN?

[15:12] {Threei} I'll go on a limb and say

[15:12] {Threei} AMZN is done

[15:13] {larisa} I think it will push for day high by eod

[15:13] {nemo} It's holding a nice trend line though

[15:13] {magoo} i think more up

[15:13] {larisa} lol

[15:13] {strider} yeah, what you all said.

[15:13] {nemo} What...take viagra magoo?

[15:14] {magoo} i think larisa got it right

[15:14] {nemo} what, "lol"

[15:14] {larisa} 120 is so close.. have to push

06[15:14] * larisa slaps nemo around a bit with a large trout

[15:15] {Threei} no way

[15:15] {nemo} whoa

[15:15] {larisa} it was funny, nemo

[15:15] {nemo} what was funny...whacking me?

[15:15] {larisa} no, you silly "lol" joke

[15:15] {Threei} that's always funny

[15:15] {nemo} oh...ty

[15:16] {nemo} fyvm vad

[15:16] {Threei} and joyful

[15:16] {Threei} no 120 is my bet

[15:16] {Threei} no 119 either

[15:17] {larisa} if you are wrong, we will make you pay

[15:18] {Threei} how?

[15:18] {larisa} no misspells for a week

[15:18] {Threei} ouch

[15:19] {Raven} good luck

[15:19] {magoo} 119.67

[15:19] {Threei} cruel

[15:19] {Threei} ok

[15:19] {Threei} libm is limb

[15:19] {Threei} I am going to short AMZN on 118 break

[15:20] {Threei} new high cancels that

[15:20] {magoo} im in 118

[15:23] {larisa} so stubborn

[15:24] {Threei} who?

[15:24] {larisa} AMZN

[15:26] {magoo} out

[15:29] {Threei} covering half

[15:29] {magoo} good read

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 910M shares, about 3% above its three-month average; decliners lead advancers by 6.8:1.

[15:31] {Threei} - NASDAQ volume 2.06B shares, about 11% above its three-month average; decliners lead advancers by 3.3:1.

[15:31] {Threei} - VIX index +7% to just over 22.00

[15:34] {fernp} LVS short here Vad?

[15:35] {Threei} most likely yes

[15:37] {Threei} too bad second half didn't want to proceed to 116

[15:37] {Threei} watching for another setup

[15:37] {Threei} and LVS looks better and better

[15:38] {fernp} in now

[15:38] {strider} stop .57?

[15:39] {strider} lvs

[15:39] {fernp} .61 here

[15:39] {strider} k

[15:42] {Threei} same trigger againfor AMZN

[15:42] {strider} stop?

[15:43] {larisa} intraday shorts on AMZN will cover now IMO

[15:43] {nemo} yeah, on everything

[15:43] {Threei} don't know yet strider

[15:43] {Threei} you guys assume there are any shorts on it sltill standing... :)

[15:44] {Threei} they are dead, buried, sang for

[15:44] {larisa} but they need to cover :)

[15:44] {Threei} magoo personally put the nails in the lid of their coffins

[15:44] {larisa} lol

[15:44] {Threei} lol larisa

[15:46] {Threei} ok

[15:46] {Threei} top of this bounce will be stop for amzn

[15:48] {Threei} no go

[15:50] {Threei} let's scratch LVS guys

[15:51] {Threei} too close to eod

[15:51] {strider} I'm out at .-02

[15:51] {Threei} anything can happen

[15:51] {Threei} AMZN fooled all of us - no new highs and no drop, lol

[15:51] {larisa} just wait

[15:51] {larisa} 10 more minutes

[15:52] {larisa} 120

[15:52] {Threei} yeah, 9 min is plenty for this animal

[15:52] {larisa} Fear and panic will drive it, best drivers :)

[15:53] {larisa} I feel like magoo with all these targets :)

[15:53] {Threei} FUD

[15:53] {Threei} Fear, Undcertainty, Doubt

[15:54] {strider} LVS you jerk

[15:58] {nemo} wow

[15:58] {Threei} uh oh

[15:59] {nemo} who are the idiots

[15:59] {Threei} good spelling, here I come

[15:59] {strider} I can see Larisa's head growing dfrom here.

[15:59] {nemo} of course, when it hits 129 on Monday

[15:59] {Threei} for how long Larisa??

[15:59] {magoo} i was 1..out .76

[15:59] {larisa} 119 - 3 days, 120- 1 week

[15:59] {nemo} where were you in .50?

[15:59] {Threei} 3 days...

[16:00] {Threei} it's what

[16:00] {Threei} Monday

[16:00] {Threei} the Tuesday

[16:00] {Threei} then

[16:00] {fernp} that's almost torture

[16:00] {Threei} and then the day I won't spell anymore during next three days

[16:00] {bkhmd} good night good weekend all

[16:00] {bkhmd} thanks for the lesson vad

[16:00] {magoo} ty vad..everuone

[16:00] {larisa} bye :)

[16:00] {Threei} OK guys, thank you all

[16:00] {Threei} glad this week is over

[16:01] {nemo} cya

[16:01] {Threei} not an easy one by any means

[16:01] {fernp} next week will be better

[16:01] {fernp} have a nice weekend everybody

[16:01] {Threei} it ought to

[16:01] {Threei} have a great relaxing weekend

[16:01] {Threei} see you on Monday

[16:02] {lasertrev} have a good weekend all

Oct 22 2009

One of those days when nothing works. Narrow range is not our favorite type of the day, and that's what the market spent most of the day in. When it broke out of the range, our fingers were cut enough times for us to sit it out. 2 or 3 plays worked vs 5 or 6 stops - all small but a few too many.

Session Time: Thu Oct 22 00:00:00 2009

[08:01] {magoo} morning

[08:01] {nemo} mags

[08:02] {magoo} hey cap'n..how was yesterday trading?

[08:04] {nemo} lackluster until the end, although there was an ipo where 3i was saying, "This is magoo's kind of trade"

[08:10] {bkhmd} gm all

[08:11] {nemo} harooo

[08:14] {magoo} where is the cranky ole boy this morn lol?

[08:14] {nemo} should be here...

[08:14] {magoo} was yesterday up day in mkts?

[08:15] {nemo} until the last 45 minutes, then tanked big time

[08:17] {Threei} good morning

[08:18] {KSystems} hey

[08:18] {Threei} ks :)

[08:19] {Threei} mags, yesterday was one of strongest confirmations of reversal in the markets we could ask for

[08:19] {magoo} vas:)

[08:22] {Threei} did you have a snow to clean yesterday or what?

[08:24] {magoo} no..but i had business to take care of..never came into office

[08:24] {Threei} sorry, we are going to need a note form parents

[08:25] {magoo} lol

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 531K V 515K; CONTINUING CLAIMS: 5.923M V 5.970ME

[08:31] {magoo} vad..since i was out..whats your "feel" for today?

[08:32] {Threei} today hasn't even started yet... :)

[08:33] {Threei} since I switch to bearish mode, overall feel is down, but which days are bounce and which are straight down is the question

[08:35] {magoo} u thinking bear mkt rally has ended...or just healthy breather which everone but everyone has been calling is upon us

[08:35] {Threei} breather but much more heavy one that we had throughout the rally

[08:36] {Threei} not return to March lows though

[08:36] {Threei} quite possibly end to the rally in a sense of being locked in (quite wide) range for a while

[08:38] {nemo} FITB loss widens

[08:40] {fernp} Good morning everybody

[08:40] {Threei} fern :)

[08:42] {nemo} Bird man

[08:44] {magoo} pnc ffiv

[08:44] {magoo} jcg gappers

[08:48] {magoo} wow travelers trv

[08:56] {nemo} aapl hel well

[08:57] {cosmo} logi

[08:58] {cosmo} expects to return to year-on-year profit growth in the

[08:58] {cosmo} third quarter, ...

[08:58] {cosmo} ...as will many others

[09:01] {lasertrev} morning

[09:01] {nemo} LT

[09:01] {Threei} trev :)

[09:01] {strider} morning everyone

[09:01] {Threei} strider :)

[09:04] {nemo} Dunedin

[09:05] {cosmo} ffiv

[09:06] {cosmo} fourth-quarter profit jumped 44 percent as customer spending ramped up

[09:14] {dptl} good morning all

[09:14] {Threei} dp :)

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:15] {larisa} vad :)

[09:16] {ese} ah ha.....i'm in

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:17] {Threei} why wouldn't you

[09:17] {ese} morning vad

[09:17] {ese} don't know ...the channel server kicked me

[09:20] {ese} fitb beats .20 v .17 that explains the surge lately

[09:20] {Threei} that's your kick:

[09:20] {Threei} [09:14] * mib_p0gbed was kicked by ChanServ (You are not permitted to be on this channel.)

[09:21] {Threei} not entered username :)

[09:23] {_mreust} Vad, what do you think of EBAY this morning?

[09:23] {ese} hmmmmmm am just injecting my coffee now with a hypodermic needle.....maybe too tired

[09:24] {Threei} EBAY posted guidance yesterday

[09:24] {Threei} Guides FY09 EPS $1.41-1.43, Rev $7.95B-$8.05B (ex Skype)

[09:24] {Threei} - Implies FY09 EPS $1.54-1.56 v $1.52e, R$8.65-8.75B v $8.5Be

[09:24] {Threei} - Note: Guided Skype EPS around $0.13 on Rev of about $700M

[09:25] {Threei} doesn't mean much by itself but considering reaction and market olverall, I'd look for short on it

[09:25] {strider} ERIC gap down

[09:26] {_mreust} thanks

[09:26] {Threei} either on a good bounce and when market reverses down,

[09:26] {Threei} or nice tight consolidation, then breakdown

[09:26] {Threei} for instance, 25.05 break is stays under .15

[09:26] {Threei} is = if

[09:27] {_mreust} thanks

[09:27] {Threei} just an example, don't view it as a call - morning volatility will probably be too big for such tight call

[09:28] {cosmo} LOGI tests 19.80

[09:28] {Threei} now... why's HIG so happy

[09:30] {strider} HIG glad to see you

[09:30] {Threei} sigh

[09:30] {cosmo} needs to hold 19.50

[09:30] {cosmo} logi

[09:32] {strider} pnc very happy

[09:33] {_mreust} ebay just died right out of the starting gate

[09:33] {Threei} yeah

[09:33] {nemo} aig happy

[09:33] {Threei} right idea but no setup

[09:33] {_mreust} there will be more

[09:34] {Threei} HIG pulling back

[09:34] {Threei} watching for one more sharp leg down, then entry for bounce

[09:35] {Threei} dive under .40, and entry on .40 recross if holding .30

[09:37] {Threei} EBAY strong bounce

[09:38] {Threei} Short Setup: EBAY .25 if stays under .35

[09:38] {Threei} Long Setup: HIG .40 break if stays above .30

[09:40] {Threei} no go EBAY

[09:40] {fernp} stopped

[09:40] {Threei} Preview: Aug US House Price Index due out at 10amET

[09:40] {Threei} ***consensus expectation (MoM): 0.3%e v 0.3% prior (estimates range between -0.2% to +1.9%)

[09:42] {nemo} tighten stop on HIG?

[09:42] {Threei} didn't it hiot 1:1?

[09:42] {fernp} yes

[09:42] {nemo} missed it anyway, was just looking at support

[09:43] {Threei} EBAY shakeout

[09:46] {Threei} .long hig .10 break

[09:46] {Threei} Long Setup: HIG .10 break

[09:46] {Threei} stop under 26

[09:48] {magoo} in

[09:48] {Threei} market weakens again

[09:49] {Threei} EBAY, thast was what you should have done first time around

[09:49] {Threei} HIG second failure

[09:49] {fernp} stopped HIG

[09:50] {magoo} i dont like hig

[09:50] {bkhmd} INTC look interesting

[09:50] {Threei} Preview: Sept Leading Indicators due out at 10amET

[09:50] {Threei} **consensus expectation: 0.8%e v 0.6% prior

[09:51] {Threei} for short bkhmd?

[09:51] {bkhmd} thats what i was thinking break .69?

[09:51] {bkhmd} too late

[09:52] {fernp} EBAY was rude

[09:52] {Threei} very

[09:52] {Threei} .66 is yesterday's low on INTC

[09:52] {Threei} let's see if it consolidates a bit

[09:53] {bkhmd} That large offer keeps moving around

[09:53] {bkhmd} but getting smaller

[09:53] {Threei} it doesn't matter much on such thick stock as INTC

[09:53] {bkhmd} ahhhh

[09:54] {ese} l fitb .31

[09:55] {Threei} new code for "I have nothing to say":

[09:55] {Threei} (US) Fed's Kohn : Too big to fail issue is a huge problem

[09:55] {fernp} RIMM on highs

[09:56] {Threei} Short Setup: INTC .65 if stays below .75

[09:57] {magoo} AIG crashing

[10:00] {fernp} HIG db?

[10:00] {Threei} *(US) SEPT LEADING INDICATORS: 1.0% V 0.8%E

[10:00] {Threei} - prior revised from 0.6% to 0.4%

[10:00] {strider} ese target for FITB?

[10:00] {Threei} US) AUG HOUSE PRICE INDEX (M/M): -0.3% V 0.3%E

[10:00] {nemo} so this month higher but last months revise lower

[10:01] {Threei} can't tell fern

[10:01] {fernp} ok

[10:02] {ese} out fitb .39 +.08

[10:02] {Threei} US Treasury's Allison: TARP can be reoriented towards small business and housing; must begin wind down

[10:02] {ese} hi strider sorry didn't see your post

[10:03] {Threei} US) White House Advisor Romer: Economy appears to have entered first phase of recovery

[10:03] {Threei} - Expect unemployment levels to come down slowly in 2010 despite economic growth

[10:03] {Threei} - Reiterates that it would be a mistake to exit stimulus prematurely

[10:03] {ese} no real target ..anywhere from .05 to .10 scalp

[10:03] {ese} that was with 24k

[10:03] {strider} thx. I got .07

[10:03] {ese} shs

[10:04] {fernp} in INTC

[10:04] {Threei} Short Setup: LVS .90 break

[10:04] {Threei} if stays below 16

[10:05] {Threei} Birinyi: Reiterates seeing 1280 on S&P 500 before year end -CNBC

[10:05] {Threei} is this what market bounced on?

[10:06] {nemo} dangling preposition

[10:06] {Threei} LVS invalidated

[10:07] {magoo} AIG Bounce ready vad?

[10:07] {Threei} no idea mags, it became totally erratic

[10:08] {nemo} this may just be a pullback to the BB average

[10:09] {Threei} die already INTC

[10:11] {_mreust} intc target?

[10:11] {Threei} won't be fast but should be capable of more than scalp

[10:11] {Threei} partial at 1:1

[10:11] {Threei} then will see

[10:14] {nemo} bear trap looks like

[10:17] {strider} stopped out intc

[10:17] {fernp} why?

[10:17] {strider} hit .75

[10:17] {nemo} stop was stay under .75

[10:17] {Threei} look at EBAY now

[10:18] {strider} and it hit .75

[10:18] {nemo} yep

[10:18] {fernp} my stop is .76

[10:18] {bkhmd} same

[10:19] {_mreust} How about that HIG bounce, when it finally did?

[10:19] {Threei} yes

[10:19] {Threei} too jerky market... nervous and undecisive

[10:20] {_mreust} market didn't react much to those numbers

[10:20] {Threei} come on... didn't want to call EBAY short on another breakdown to avoid anohtre shakeout, and look at it

[10:21] {bkhmd} waaaa

[10:22] {Threei} sigh

[10:22] {Threei} not in tune today

[10:22] {fernp} out... What a wonderful day!! lol

[10:22] {bkhmd} no direction

[10:23] {Threei} and just to put things in perspective: AGAM is still at 14.50

[10:23] {fernp} lol

[10:24] {fernp} trade of the month AGAM

[10:27] {Threei} AAPL Nokia reportedly suing Apple for alleged infringement of GSM UMTS and WLAN patents

[10:27] {Threei} - alleges the iPhone infringes certain patents

[10:33] {magoo} sh hig 26

[10:35] {Threei} Market Internals update at 10:30amET

[10:35] {Threei} - NYSE volume 300M shares, about 7% above its three-month average; decliners lead advancers by 1.8:1.

[10:35] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 1.9:1.

[10:35] {Threei} - VIX index +0.75% to just under 22.50

[10:37] {_mreust} intc worth another look?

[10:37] {Threei} no setup to hang a hat on

[10:37] {Threei} LVS WSJ: Genting could open Singapore casino before LVS (16.13, -0.22, -1.35%) (related GTGS.SI )

[10:38] {Threei} Short Setup: LVS .10 break

[10:38] {Threei} if stays below .20

[10:43] {Threei} nice on HIG mags

[10:43] {magoo} covered here .77 TY vad

[10:44] {_mreust} lvs target?

[10:45] {Threei} the way market acts, I don';t want to even talk about targets

[10:46] {Threei} decide whether you want a scalp or try for bigfger tarde

[10:46] {Threei} if scalp cover at 1:1

[10:46] {Threei} if bigger, partial

[10:46] {Threei} usual routine

[10:46] {Threei} I personally will partial

[10:50] {Threei} Short Setup: AIG 38 break

[10:50] {nemo} been waiting on that myself

[10:50] {Threei} if stays under .20

[10:50] {nemo} oh well

[10:51] {Threei} hate these trend reversal periods when for a few days nothing works, shakeout upon shakeout

[10:53] {ese} setup vad DIA does .86 look like a break candidate to you

[10:53] {fernp} AIG still valid?

[10:53] {Threei} yes but not on a sharp drop

[10:53] {Threei} let it reconsolidate

[10:53] {fernp} thanks

[10:54] {Threei} sorry ese, too late

[10:54] {Threei} another spike

[10:54] {Threei} will anything work today?

[10:54] {bkhmd} AIG didnt participate in that spike

[10:54] {ese} not a problem ...more where that came from......have never traded diamonds so was unsure

[10:55] {nemo} fcx almost back to sell off highs

[10:57] {nemo} makes sense...everyone expecting big pullback after yesterday, how do you screw with them......rally

[10:59] {larisa} who is that mysterious "you" that knows everything and screws with everybody :) can i be one for a week ?

[11:00] {Threei} lol

[11:00] {nemo} thought you were already

[11:00] {larisa} not yet, getting there :)

[11:00] {Threei} it's THEM larisa

[11:00] {nemo} yep

[11:05] {Threei} Long Setup: RIMM .25 break

[11:05] {Threei} half lot OK?

[11:06] {Threei} let's keep the lid on this jerkiness

[11:06] {nemo} fcx back to pre drop highs

[11:07] {fernp} what is the stop?

[11:07] {Threei} under .10

[11:08] {fernp} out TY

[11:08] {Threei} fffffffinally

[11:08] {bkhmd} sure the one I miss gets 1:1 lol

[11:09] {bkhmd} ese u watching HIG?

[11:10] {Threei} can't believe it... second one that worked today, both barely

[11:10] {ese} no fitb and dia

[11:11] {ese} hmmmmm i think it would drive me crazy......i wouldn't see anywhere to get in

[11:11] {bkhmd} yep could be both ways

[11:12] {ese} i'm lamenting over fitb.......i traded this thing a ton back in feb and march.....i really left alot of money on the table today with it

[11:14] {ese} just bidding my time here though......i think it's going to take a run at it's highs before the day is out.....am looking to get back in

[11:16] {ese} into the witching almost so am in no hury

[11:16] {ese} hurry

[11:16] {ese} witching hour

[11:17] {magoo} MCD bounce vad?

[11:18] {nemo} op ex week right?

[11:18] {ese} what'd they do...raise the price on the $1 hamburger from 1.70 to over 2.00

[11:18] {ese} whoa.....look at that

[11:18] {Threei} mags, there is conference call on MCD in progress

[11:19] {Threei} McDonald's Corp CEO: Sees near-term softness in China. Oct SSS flat to slightly negative - conf call

[11:19] {Threei} - Expects flat to negative October sales

[11:19] {Threei} - Do not see same commodity cost increases next quarter

[11:19] {ese} you short mags?

[11:19] {magoo} no

[11:19] {nemo} they're using more spam

[11:19] {magoo} bounce was idea..not in

[11:19] {fernp} uhhh! MCD

[11:20] {ese} it's almost funny

[11:22] {ese} McDonald's Corp CEO: Sees near-term softness in China- rice burgers

[11:23] {ese} sorry.......augmented that news item a little

[11:23] {ese} nice bounce.......anybody catch it

[11:26] {Threei} Short Setup: AIG .80 break

[11:26] {nemo} yeah, waiting on that

[11:27] {fernp} stop?

[11:27] {Threei} stop above .90 for scalpers, above 38 for day traders

[11:28] {magoo} out RIMM here .57 TY

[11:28] {Threei} welcome

[11:30] {nemo} stopped out for the day

[11:33] {Threei} US) US Federal Reserve reportedly to disclose pay guidelines design to reduce risk in banks - unconfirmed report

[11:35] {bkhmd} ese FITB getting tight

[11:35] {bkhmd} but no volume

[11:36] {bkhmd} ooops

[11:40] {Threei} House Financial Services Committee plans to vote to speed up implementation of credit card regulations

[11:40] {Threei} - The House is expected to approve a bill today to form the CFPA (Consumer Financial Protection Agency) that includes a provision, which has the full support of the President, that gives states and municipalities greater control over lending practices in their own jurisdiction by requiring lenders to comply with all local standards, whereas in the past, local standards were preempted by federal standards and the requirements of the state in which the lender is incorporated.

[11:40] {Threei} I thnk I need to go home

[11:40] {Threei} this is not my day

[11:41] {strider} well said. :)

[11:42] {Threei} only costanza plays would have worked today

[11:42] {dptl} see ya tomorrow all

[11:42] {nemo} cya dp

[11:42] {ese} hey bk....thats what i'm thinkin

[11:43] {fernp} where is my shirt?, can't find my shirt. lol

[11:44] {bkhmd} ese u thinking short?

[11:44] {ese} nope

[11:44] {ese} L

[11:45] {ese} not after the move it made this morning

[11:45] {bkhmd} entry ? break .53?

[11:47] {ese} hmmmmm not sure....would like most of lunch to get out of the way first......

[11:47] {bkhmd} Ill watch and learn on the sideline this time

[11:49] {ese} everytime i play a stock like this it's differnt......but in general my experience with them is that they'll make another run at the highs....the 64 million dollar question though when

[11:51] {ese} right now i'm more or less paying attention to my 15min ch.....and i'm liken a .50 break

[11:52] {ese} or break above that and come back to it

[11:52] {ese} sorry 10min chart

[11:53] {ese} hmmmmm i guess it could be 10 or 15

[11:53] {bkhmd} looks totally different

[11:54] {ese} not to much...10 just stretched out a little more

[11:55] {ese} but ya know........."it's vads world and we just live in it"......anything could happen

[11:56] {Threei} you don't want to live in my world today :)

[11:56] {ese} ahhhhhh ok chief....

[11:57] {bkhmd} Vad you come cut my grass Ill call out the plays today

[11:57] {bkhmd} lol

[11:57] {bkhmd} lol

[11:57] {Threei} in my world today water flows uphill, sun emanates blackness, birds swim the oceans, ships fly all over the skies

[11:57] {bkhmd} easy easy vad it was a joke

[11:57] {ese} whoaaaaaa........

[11:58] {Threei} and to polish it off, I can sing and dance but can't trade

[11:58] {strider} always work for a good song and dance man

[11:58] {larisa} you can dance?

[11:58] {ese} yikes........you and i have reversed roles.......this is not good

[11:59] {magoo} aapl rots

[11:59] {Threei} today obviously yes larisa

[11:59] {ese} now that was funny mags

[11:59] {Threei} I officially pronounce this day Costanza Day

[12:00] {ese} huh? who is that?

[12:00] {ese} or what is that

[12:00] {bkhmd} the guy that went into the pool and had to explain size

[12:01] {ese} rotfl

[12:01] {Threei} ese... Seinfield?

[12:01] {Threei} George?

[12:01] {ese} oh ya ya ya....i remember

[12:03] {ese} L fitb .5099

[12:11] {ese} l fitb avg .529

[12:12] {Threei} Competition Wanted: 65% Favor Removing Anti-Trust Exemption for Health Insurance Companies

[12:12] {Threei} who the hell installed it in a first place

[12:13] {Threei} I amamzed at sheer hypocrisy of regulators creating flawed framework wir scewed interests, then wagging their fingers in outrage at those who operate within that framework

[12:16] {strider} c&h COST

[12:23] {ese} i'm gonna take that out fitb .59 +.07 on 18k is good

[12:27] {larisa} gj

[12:27] {bkhmd} good move ese

[12:28] {bkhmd} congrats

[12:28] {ese} tks......feels like old times the last couple of days with fitb

[12:29] {fernp} GLD on lows

[12:30] {strider} lows?

[12:31] {fernp} thanks ese took +.09 FITB

[12:31] {strider} I got +07...thanks ese

[12:32] {ese} good job boys....and girls....as the case may be

[12:33] {Threei} IRBT Ticking higher as IRBT exec appears on CNBC (13.47, +1.78, 15.23%)

[12:51] {Threei} American International Group, Inc CEO Benmosche: Pay Czar Feinberg advises no clawbacks will be sought from company - Memo

[12:51] {Threei} - Jurisdiction is "quite limited"

[12:51] {Threei} - Company is in "direct, near-daily discussions" with Feinberg

[12:58] {Threei} NVLS... slow steady climb all day, 52 week highs

[13:15] {Threei} can't tell you how temoted I am to short EBAY and wait for end of day dump

[13:15] {nemo} temoted?

[13:15] {nemo} tempted?

[13:16] {larisa} both :)

[13:16] {Threei} you can't decode that all by yourself?

[13:16] {bkhmd} lol

[13:16] {Threei} especially seeing how they are next to each other on jeoyboard?

[13:16] {nemo} yeah, I figured, looking at the keyboard

[13:22] {fernp} 23.28 is the low of the day

[13:23] {ese} temoted?.......cool....... maybe one of the greatest words of all time.

[13:24] {Threei} fern... I'd comment but screw-up fairy that visited me this morning just refuses to leave

[13:24] {nemo} what in the market would cause the most consternation to the most people today?

[13:25] {Threei} I said it a while ago nemo

[13:25] {Threei} staying locked in the range

[13:25] {nemo} missed it, but that's what I was thinking

[13:25] {Threei} no resolution while everypne expects some

[13:25] {ese} if people couldn't temote properly

[13:25] {Threei} nah... that would be expecting too much of them

[13:26] {ese} .......man you can use that word all over......we temote....they temote....nothing like temoting.......lets temote........what a great word

[13:26] {Threei} and just try to ask what "everypne" is

[13:27] {ese} rotfl.......oh man this board is too much

[13:27] {fernp} i am in

[13:27] {fernp} stop .41

[13:28] {Threei} fern... if it works, it has nothing to do with me

[13:28] {ese} ok all....I have to go or i'll get temoted.....take care ....see you all tomorrow

[13:28] {Threei} you'll have temoted it all on your own

[13:28] {Threei} take care ese, good temoting

[13:29] {ese} vad man.....you gotta the thickest skin ever

[13:29] {fernp} ok. no problem

[13:29] {bkhmd} later ease

[13:29] {fernp} small shares

[13:29] {ese} take care

[13:29] {Threei} it's not skin

[13:29] {Threei} it's bark

[13:29] {Threei} with rebars

[13:29] {ese} rotfl.......great way to start my .....hangin with you all

[13:29] {ese} cya

[13:30] {fernp} bye ese

[13:31] {Threei} MSFT CEO Steve Balmer: Seeing some 'buoyancy' in PC markets; could buy 10-20 companies this year - TV interview

[13:31] {Threei} quick everyone, let's styart couple companies

[13:32] {fernp} out

[13:33] {fernp} thinking to trade FOREX, or Asian market, or whaever ....

[13:33] {Threei} lol

[13:33] {Threei} just sit it out

[13:33] {Threei} we are ina very narrow range

[13:33] {fernp} yes

[13:33] {Threei} slightest move causes shakeout

[13:34] {Threei} try to dig yourself out fast, you only dig it deeper

[13:34] {nemo} shoulda' gone hunting today

[13:36] {Threei} NVLS is still climbing

[13:37] {Threei} (US) Fed: 28 large banks would face special "horizontal" compensation reviews

[13:37] {Threei} - Seeking comments of formulated benefits on pay

[13:37] {Threei} - Pay practices contributed to bank losses

[13:37] {Threei} - Proposes ruls to prevent banks' excessive risks

[13:37] {Threei} - Reviewing compensation policies at over 3,000 smaller banks

[13:37] {Threei} - Findings will influence supervisory ratings

[13:37] {fernp} this bounce in EBAY without volume is shortable if lose .40

[13:37] {fernp} under normal conditions .(

[13:37] {Threei} I find it hard to believe... are they private companies or not?

[13:38] {Threei} put limits on how TARP money can be used, sure

[13:38] {Threei} but how can you tell private company what it should pay?

[13:41] {bkhmd} aig having some fun

[13:42] {Threei} AIG CEO: Derivatives exposure has been cut by a third at financial unit (38.32, -0.71, -1.82%) (related CME )

[13:48] {nemo} Oh, by the way, you know all this talk about no inflation...well, at my politically incorrect place, EVERYTHING, including apparel, is up. Some as little as 10% some as much as 60%...what a crock

[13:49] {nemo} good thing you didn't short ebay

[13:51] {fernp} shorted .29 and I was stopped out

[13:51] {Threei} yeah, nemo means that .40

[13:51] {fernp} ah! no, no

[13:52] {nemo} yeah, back when 3i was talking about...fernp, I thought I was the only one who shorted at the bottom

[13:52] {Threei} that's normal in the range

[13:52] {Threei} breaks are trend trades

[13:52] {Threei} range defies tyrend

[14:02] {Threei} no news for this spike

[14:05] {strider} see you guys later....

[14:05] {Threei} take care strider

[14:05] {strider} :)

[14:05] {fernp} bye strider

[14:06] {strider} bye fern, va, nemo, et al.

[14:06] {nemo} cya

[14:07] {bkhmd} later Strider

[14:07] {strider} I am a bear of very small brain, but is seems to me it would be helpful these days to be trading from a 5 min. chart.......just been thinking.....

[14:07] {strider} but you know where thinking gets you. :)

[14:08] {bkhmd} what a surge

[14:08] {nemo} makes us even on yesterday

[14:11] {Threei} no news...

[14:12] {Threei} no idea where it's coming from

[14:26] {bkhmd} amazing

[14:28] {Threei} I am speechless

[14:28] {nemo} rally isn't over

[14:28] {nemo} plus it's op ex week, yes

[14:28] {Threei} well, we haven't made any new highs

[14:29] {fernp} don't worry, AGAM is still at 14.50

[14:29] {Threei} rofl

[14:29] {Threei} fern, this one takes the prize

[14:29] {fernp} :)

[14:29] {Threei} dino's large moth is serously challenged

[14:29] {larisa} lol

[14:30] {larisa} but this one is actually funny

[14:30] {nemo} fcx made a new high

[14:33] {nemo} cya tomorrow

[14:34] {fernp} bye nemo

[14:34] {Threei} take care nemo

[14:39] {Threei} (US) US Fed's Kohn: Fed's AIG and Bear Stearns programs not showing losses

[14:58] {Threei} US) House votes to accelerate implementation of new credit card rules, to take effect 12/1

[14:58] {Threei} - This approval moves up the effective date of the legislation to Dec 1, from February 2010.

[14:58] {Threei} - Note also that the measure includes a provision that gives states and municipalities greater control over lending practices in their own jurisdiction by requiring lenders to comply with all local standards, whereas in the past, local standards were preempted by federal standards and the requirements of the state in which the lender is incorporated.

[14:58] {Threei} ***Reminder: On 10/21 Fed's Bernanke commented that moving the implementation date for Credit Card Accountability Act to 12/1 could have unintended consequences. Early implementation could benefit consumers, although smaller businesses may have difficulty in implementing measures.

[14:59] {Threei} look at JAVA

[14:59] {Threei} Dealreporter commenting on possibility Oracle deal to buy Sun could get objection from European Commission

[15:00] {Threei} (US) Feinberg: cuts executive compensation by 50%, limits Salaries to $500K

[15:02] {Threei} Incentive pay must be in long term restricted stock, contingent on performance and TARP repayment

[15:03] {Threei} US Pay Czar... who the hell is coming up with these titles?

[15:10] {Raven} The King

[15:18] {Threei} US Sen Snowe (R): Congress may not finish the health care bill before year end; prefers trigger for option if the cost competition fails - interview

[15:18] {Threei} - notes that the public option places the industry at a disadvantage

[15:19] {Threei} Note: Sen Snowe was the only republican to vote for the Senate Finance commitee version of the health care bill; claims vote was to advance the bill out of commitee

[15:21] {bkhmd} Aig making second attempt to break its day high

[15:21] {Threei} successful too

[15:21] {fernp} FAS vertical

[15:22] {Threei} inkredible

[15:22] {fernp} What is the news? Why everyone is so happy?

[15:23] {Threei} no news whatsoever

[15:23] {Threei} aside of those bits and pieces I posted

[15:24] {fernp} too complex for the mass

[15:24] {Threei} but that's mostly drivel

[15:24] {Threei} ah ah, no losses for the Fed from AIG

[15:24] {Threei} so what

[15:38] {fernp} have a nice rest of the day. I know you all need it. see you tomorrow.

[15:38] {fernp} Good evening everybody

[15:39] {bkhmd} later fern

[15:39] {Threei} take care fern

[15:39] {Threei} AIG

[15:39] {Threei} eod run

[15:41] {larisa} hey I made 5 cents on HIG short, and that was not easy :)

[15:41] {larisa} funny day

[15:41] {Threei} I believe you

[15:42] {Threei} there was nothing about today that would be easy

[15:47] {Threei} {--- envisions magoo making a killing on AIG run

[15:48] {Threei} fess up mags

[15:48] {magoo} trying for .41

[15:48] {Threei} from?

[15:48] {magoo} way lower

[15:48] {Threei} thought so

[15:48] {Threei} your kind of trade

[15:50] {magoo} out

[15:50] {Threei} wtg

[15:50] {magoo} ty vad

[15:50] {Threei} someone had to make mney today

[15:51] {Threei} it sure as hell wasn't me

[15:51] {Threei} but I just scalperd .65 - .82 in two seconds

[15:51] {magoo} in

[15:52] {magoo} wait 42.20

[15:52] {Threei} didn't get even for the day but at least removed insult, left only injury

[15:56] {magoo} cant get it

[15:57] {Threei} too close to eod

[16:00] {bkhmd} good night all

[16:00] {Threei} thank you all

[16:00] {Threei} we will get them tomorrow

[16:00] {larisa} bye :)

[16:00] {bkhmd} thanks for the lesson Vad

[16:00] {Threei} unless they get us

[16:00] {magoo} ty all

[16:00] {Threei} what lesson?

[16:00] {lasertrev} good night

[16:00] {Threei} how to take stop after stop?

[16:00] {bkhmd} every day i learn something new just saying thanks

[16:00] {Threei} :)

[16:01] {bkhmd} good night

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

[16:01] {Threei} Amazon.com Inc Reports Q3 $0.45 v $0.33e

Oct 21 2009

Not a very active day, and mostly flat monetary wise. We expected reversal to the downside, but it came with no clear setups not really offering opportunity to profit. Doesn't matter much though - we seem to finally start the descent, and there will be enough opportunities. Relentless climb up was becoming tired.

Session Time: Wed Oct 21 00:00:00 2009

[08:03] {Threei} MS Reports Q3 $0.38 v $0.29e, R$8.7B v $7Be

[08:04] {Threei} - Institutional Securities net revenues $5BB v $2.96B q/q

[08:04] {Threei} - Equity sales and trading net revenues $1.1B v $681M q/q

[08:12] {KSystems} morning :)

[08:12] {Threei} KS :)

[08:32] {strider} syk

[08:39] {fernp} Good morning everybody

[08:40] {Threei} strider, fern :)

[08:40] {strider} howdy

[08:43] {Threei} (US) Bernanke: 12/1 implementation date for Credit Card Accountability Act could have unintended consequences

[08:43] {Threei} - Smaller businesses may have difficulty in implementing measures

[08:43] {Threei} **Reminder: On 09/29 Fed proposed new rules to ban several "harmful practices" by credit card issuers, including restrictions on lending to people under 21. The Fed is seeking to implement some of the features of a law passed in May.

[08:54] {nemo} we in anything

[08:54] {Threei} why would we

[08:54] {nemo} you saw a set up

[08:55] {Threei} with my eyes closed??

[08:55] {nemo} you had your 3rd one open

[09:00] {lasertrev} gm all

[09:01] {Threei} trev :)

[09:02] {cosmo} plcm

[09:02] {nemo} lt :)

[09:04] {cosmo} PLCM pre mkt low = 22.70 fwiw

[09:12] {cosmo} ...double bottom, it turns out...

[09:14] {cosmo} i think

[09:14] {ese} gm

[09:15] {Threei} cosmo, ese :)

[09:15] {nemo} dudes

[09:15] {ese} it's meet the creature night at my school tonight......sorry....meet the teacher

[09:15] {ese} duude

[09:17] {nemo} fcx looks like a top

[09:17] {Threei} US Dollar vs Swiss Franc Dealer chatter about potentional intervention levels and 'removal' of obstacles

[09:17] {Threei} - One European dealer commenting that prior 'heavy' buyers of CHF into the last round of intervention was "told" not to do that again

[09:17] {Threei} - Dealer alos noted that large swiss corps are hedged about 2-5 years out which could result in less CHF buying

[09:18] {larisa} gm :)

[09:18] {nemo} dudess

[09:18] {Threei} larisa :)

[09:18] {larisa} vad, nemo :)

[09:19] {bkhmd} GM all

[09:19] {Threei} bkhmd :)

[09:21] {ese} sorry....whats CHF

[09:22] {Threei} Swiss Franc?

[09:22] {nemo} yes

[09:22] {ese} tks

[09:25] {Threei} US) According to Fiserve, Miami home values will fall another 30% by June, 2010 - Miami Herald

[09:25] {Threei} - Among 381 metropolitan areas ranked nationwide, Miami will be the biggest loser, according to Fiserv, a financial information and analysis firm.

[09:25] {dptl} good morning

[09:25] {Threei} dp :)

[09:25] {ese} was out of fitb yesterday at .66 for +.12 am still in swks am +.16 so far

[09:25] {ese} dddddddddppppppp!!!!!!!

[09:25] {Threei} - The firm predicts Miami home values will plunge another 29.9 percent by June 2010, on top of price declines of 48 percent since peaking in 2006. Orlando fared second-worse, with values shrinking 27 percent. Prices are forecast to fall another 26 percent in Fort Lauderdale.

[09:25] {Threei} - In Miami, that means the median home price would fall to $150,500 by next June and $153,100 in the Fort Lauderdale metro area. The price deductions are calculated from the median price at the end of the second quarter.

[09:26] {nemo} fcx did break support, is now pulling back, may be setting up for a nice drop

[09:28] {Threei} MS is short candidate at some point

[09:28] {Threei} on watch

[09:28] {nemo} aig too maybe

[09:28] {Threei} gapping up on earnings, and that wasn't sustainable these days

[09:31] {nemo} fcx gapped down a $

[09:31] {Threei} AONE

[09:31] {Threei} no news

[09:32] {Threei} volatility's as always...

[09:32] {Threei} YHOO sharp selling

[09:33] {nemo} markets sharp buying

[09:33] {Threei} not ready for a good bounce yet, IMO

[09:36] {Threei} missed HIG .55 break, no time to type alert

[09:36] {bkhmd} HOG was same

[09:37] {Threei} YHOO fooled me

[09:38] {_mreust} sndk really moved

[09:38] {Threei} FITB, .1/4 more out

[09:38] {fernp} 10.70 1/4 out FITB

[09:38] {Threei} fern :)

[09:38] {Threei} last part, offering .90

[09:39] {Threei} stop under .50

[09:39] {fernp} ok. thanks

[09:39] {Threei} CTDC??

[09:39] {Threei} what the

[09:40] {Threei} no news

[09:43] {strider} pcar

[09:43] {Threei} Long Setup: YHOO .90 break

[09:44] {Threei} if stays above .80

[09:47] {Threei} Short Setup: MS 34 break

[09:47] {Threei} half lot

[09:47] {Threei} could take a few tries so let's keep risk down

[09:47] {Threei} over .20 invalidated

[09:49] {ese} fern nice one ,,,,,with fitb

[09:49] {Threei} MS reestablished

[09:49] {ese} was that a position from yesterday?

[09:49] {nemo} huge order yhoo .89

[09:49] {Threei} yes ese, we took half overnight after taking partial profit

[09:50] {ese} nice you guys...mind if i ask how many k

[09:50] {nemo} you mean "little buggers?"

[09:50] {ese} indeed

[09:51] {nemo} order @.89 gone

[09:51] {ese} not on my level 2 nemo

[09:52] {ese} still there

[09:52] {Threei} UBSS

[09:52] {Threei} still there

[09:52] {ese} gettin there though

[09:52] {Threei} MS is invalidate for sure

[09:52] {nemo} guesss the rally isn't over yet

[09:53] {Threei} YHOO is unsure here

[09:53] {Threei} maybe let's scratch it

[09:53] {nemo} I scratched at .96

[09:53] {Threei} doesn't react of market spike anymore

[09:54] {bkhmd} out

[09:54] {Threei} remasins to be seen of course nemo,

[09:55] {Threei} but my woprking assumption at this point is:

[09:55] {Threei} it's not a rally anymore,

[09:55] {Threei} it's last shakeouts before plunging,

[09:55] {Threei} market won't make it too easy for shorts

[09:55] {nemo} Yes

[09:56] {nemo} Like long shadows on candles, the last gasp...whose left when the party breaks up at 3:00 am

[09:56] {strider} out yhoo .87

[09:57] {Threei} WFC It is time to repay TARP capital; in talks over repayment (31.03, +0.57, 1.87%)

[10:00] {nemo} cat short, break of .09?

[10:00] {nemo} nah

[10:01] {Threei} do we believe in breakout and run up from here?

[10:01] {nemo} doesn't matter what we believe

[10:01] {nemo} what we see

[10:01] {strider} trade what you see...not what you think

[10:01] {Threei} 'cause f yes, HIG is long with .95 trigger

[10:02] {nemo} right at pivot of 92

[10:02] {nemo} .92

[10:03] {fernp} missed HIG

[10:04] {strider} +.13 hig small lot

[10:05] {strider} MS c&h?

[10:05] {nemo} $ down hard

[10:08] {Threei} anyone took HIG?

[10:08] {strider} pullback time?

[10:09] {bkhmd} missed it

[10:09] {strider} I got .13 and was out at .10

[10:09] {Threei} .13?

[10:09] {strider} +.13

[10:09] {Threei} as [rofit or entry price?

[10:09] {Threei} oh ok

[10:09] {Threei} scared me :)

[10:09] {nemo} where's VIX?

[10:09] {strider} nah

[10:10] {strider} in .97 out .10

[10:10] {nemo} $ C&H in UUP

[10:10] {fernp} CHIP happy

[10:11] {nemo} yhoo @ .92

[10:13] {nemo} wfc maybe short?

[10:13] {Threei} Long Setup: RIMM .80 break

[10:13] {Threei} if stays above .70

[10:14] {strider} please repeat set up Vad

[10:14] {Threei} Long Setup: RIMM .80 break

[10:14] {Threei} if stays above .70

[10:14] {strider} thx

[10:15] {nemo} RIMM looks like a good short if it breaks .70

[10:15] {Threei} yup, two-sided setup

[10:16] {Threei} or should I say bi-directional

[10:16] {nemo} metro play

[10:16] {ese} nemo ...want to go long yahoo here but can't seem to trust it

[10:16] {nemo} wfc Vad?

[10:17] {strider} long .80

[10:17] {bkhmd} long .81

[10:17] {Threei} don't know wfc

[10:17] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:17] {Threei} **Consensus expectations:

[10:17] {Threei} Crude: +1.5Me

[10:17] {Threei} Gasoline: -1.2Me

[10:17] {Threei} Distillate: -1.2Me

[10:29] {ese} talk about doin nuttin....absolutely nuttin this morning.....can't find a thing

[10:29] {Threei} ditto

[10:30] {Threei} DOE CRUDE: +1.3M V +1.5ME

[10:30] {Threei} GASOLINE: -2.2M V -1.2ME; DISTILLATE: -785K V -1.2ME;

[10:30] {Threei} RIMM no go

[10:31] {fernp} out RIMM

[10:31] {bkhmd} yep

[10:31] {nemo} wow...country can really afford to have gas go back up through the roof

[10:31] {Threei} 2 cents shy of 1:1

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 250M shares, about 11% below its three-month average; advancers lead decliners by 3.7:1.

[10:32] {Threei} - NASDAQ volume 525M shares, about 6% below its three-month average; advancers lead decliners by 2.6:1.

[10:32] {Threei} - VIX index -3.3% to just over 20.00

[10:32] {Threei} so far same pattern is holding: green day, volume drops

[10:36] {fernp} breakdown .70 RIMM reached 1:1 in just one minute

[10:40] {Threei} nemo, to answer your question earlier

[10:40] {Threei} VIX Index hovering just above 20; lowest level since late August 2008

[10:40] {nemo} yeah, saw that

[10:40] {Threei} AGAM IPO opens for trade at $14.50 (14.46, 0.00, 0.00%)

[10:41] {Threei} healthcare

[10:45] {Threei} Long Setup: AGAM .60 break

[10:45] {Threei} if stays above .50

[10:47] {Threei} World Bank's Zoellick: USD will remain as the 'main reserve currency' in the near term (related EUR/USD USD/CHF USD/JPY )

[10:48] {fernp} in AGAM

[10:48] {bkhmd} same

[10:49] {bkhmd} out agam

[10:49] {Threei} ?

[10:49] {Threei} it never lost .50

[10:49] {nemo} .48

[10:49] {bkhmd} my order filled at .49

[10:49] {ese} this is an IPO obviously

[10:50] {Threei} level 2 bid never went lower

[10:50] {Threei} what are you using autostops??

[10:50] {bkhmd} yes

[10:50] {bkhmd} it got me

[10:50] {Threei} yikes

[10:50] {Threei} out of bounds print triggers those

[10:50] {Threei} why do you need that crap? you are right here

[10:50] {bkhmd} had stop at .49 and filled at .50

[10:50] {bkhmd} hmmmm

[10:50] {Threei} if you left your computer, fine

[10:51] {Threei} better auto than nothing

[10:51] {Threei} but since you are here...

[10:51] {Threei} that's exact demonstration of one of the reasons I hate autostops

[10:51] {bkhmd} if it never touched .49 then why would I fill? strange the stop was .49

[10:52] {nemo} because you were willing to sell

[10:52] {Threei} out of bounds print

[10:52] {bkhmd} so I set my stop properly

[10:52] {bkhmd} ?

[10:53] {bkhmd} my stop and my target are set auto when I get filled

[10:53] {Threei} I prefer manual stops

[10:53] {ese} whats with yahoo nemo?.......does not want to go anywhere

[10:54] {nemo} manure stock

[10:55] {nemo} too much history

[10:55] {ese} aptly put

[10:56] {ese} this should be the new way we speak on vads board

[10:56] {ese} inuendo......nothing actuallly said

[10:57] {nemo} where's magoo today?

[11:01] {strider} when IPO starts trading, is all the initial offering already sold?

[11:02] {larisa} http://moneycentral.hoovers.com/global/msn/index.xhtml?pageid=1954

[11:06] {strider} thx. Larisa. i know what an IPO is, but my thought was whether all the AGAM initial 14.50 stocck is gone.

[11:06] {fernp} stopped AGAM

[11:06] {bkhmd} Thanks Larisa that was informative

[11:07] {strider} If initial offering still available, there would be no reason for the traded stock to move higher.

[11:11] {Threei} AIG totally trades on its own

[11:12] {Threei} no connection wit market or financials whatsoever

[11:12] {Threei} US House Judiciary votes to ban price fixing in health insurance sector through end in anti trust exemptions

[11:17] {Threei} Short Setup: CAT .50 break

[11:18] {Threei} if stays below .60

[11:18] {Threei} not a scalp for me

[11:20] {strider} in at .495

[11:21] {Threei} what is it, Scalp a Scalper day today?

[11:25] {Threei} SPDE Zargus subsidiary cleared as an iPhone developer (5.80, +1.76, 43.56%)

[11:26] {patience} .

[11:26] {Threei} - cleared as an Apple(®) iPhone(®) developer and has begun development of medical diagnostic support software and related peripherals for the iPhone and other leading smartphones.

[11:26] {Threei} - Zargis has identified the handheld environment as a logical delivery platform for its telemedicine and diagnostic software initiatives, and with its team of experienced developer''s plans to leverage the smartphone platform as a mobile hub between medical device peripherals and computer-aided diagnostic support located either locally or remotely.

[11:29] {Threei} SPDE is serious

[11:29] {Threei} magoo would be all over it

[11:29] {Threei} his type of trade

[11:30] {nemo} should send him a copy of the chart :)

[11:30] {Threei} I just can see him "goes to 7"

[11:30] {nemo} You have to see him? Poor bastid

[11:37] {nemo} C&H WFC

[11:38] {ese} L sndk .55......adrenalin rush

[11:39] {fernp} out CAT TY Vad

[11:40] {ese} going comatose....need something to liven me up

[11:40] {Threei} fern :)

[11:42] {strider} Was CAT stopped out?

[11:42] {ese} out sndk .65/.66 +.10 12k of the little buggars

[11:45] {Threei} (US) FDIC's Bair: Recommends large financial firms temporarily suspend large bonuses

[11:45] {Threei} - "Distressed" by reports of large bank bonuses

[11:45] {Threei} - Government should not be micro managing pay

[11:47] {fernp} not here strider. with CAT, RIMM, AIG etc i give them 2 or 3 cents of extra margin

[11:47] {strider} thx.

[11:47] {fernp} :)

[11:48] {strider} I stopped 1/2, out balance for +.09

[11:48] {Threei} GOOG Reportedly planning a song search service with certain music labels

[11:48] {Threei} between all GOOG seraches, I start wondering when they are going to offer soul-seacrhing tool

[11:48] {nemo} ha.....haha......hahahahahaha

[11:49] {Threei} US) Economist Joseph Stiglitz: Does not expect US GDP growth to be sustainable, expects US to remain in a "deep recession"

[11:53] {ese} i rest vads case.......look at sndk ....was in at .55 out at .65 it shoots to .80 tanks al the way to .50.......scalping!! it's the only way

[11:54] {Threei} well, at least until trend reappears

[11:54] {Threei} right now we have none

[11:55] {ese} indeed!

[11:58] {strider} klac forming c&h

[11:58] {strider} reverse

[11:59] {Threei} I like the idea

[11:59] {strider} break of .47?

[11:59] {Threei} yes

[12:00] {nemo} support is @ .30

[12:01] {strider} what chart nemo?

[12:01] {nemo} 1 min or 2 minute on 19th and 16th

[12:02] {ese} 15min chart

[12:02] {nemo} yeah, that too

[12:02] {strider} otoh, dbl bottom

[12:02] {strider} on the other hand

[12:05] {fernp} BAC on lows

[12:05] {strider} useg

[12:06] {Threei} Short Setup: WFC .10

[12:06] {nemo} 10 minutes late dunedin

[12:06] {fernp} stop?

[12:06] {Threei} above .20

[12:09] {ese} plcm l sm .99

[12:09] {Threei} 1:1, half cover for me

[12:09] {fernp} out TY

[12:09] {nemo} 1:1

[12:10] {Threei} if scalpers win this one too, I'm off to monastery

[12:11] {Threei} what do you know

[12:11] {nemo} cya

[12:11] {Threei} see you in 7 years

[12:11] {Threei} Tibet here I come

[12:11] {nemo} nunnery or monastery?

[12:11] {strider} out avg. +.03

[12:12] {Threei} .03?

[12:12] {Threei} what kind of executions are you getting?

[12:12] {strider} death by a thousand cuts:)

[12:12] {nemo} You mean you got out @ .03?

[12:12] {ese} strider...what were you in?

[12:13] {strider} no. I took+08 on half, and bailed on the second half

[12:13] {nemo} oh so averaging the total lot

[12:13] {Threei} .10 in, 30 cover, .12 second cover

[12:14] {Threei} +.10 and -.02, should be +.08?

[12:14] {fernp} ummm, ehhhh, I think so

[12:15] {nemo} how rude wfc

[12:16] {strider} klac approaching lod

[12:17] {fernp} stop is above .60. isn't it?

[12:17] {strider} unfortunately

[12:18] {Threei} yes

[12:20] {nemo} HGSI took quite the dump today

[12:23] {strider} cric dbi?

[12:23] {strider} looks like newbie

[12:23] {Threei} too sharp drop into this level

[12:24] {Threei} may continue or may turn into double bottom

[12:24] {Threei} 50/50

[12:25] {nemo} aig short?

[12:30] {Threei} can't tell

[12:30] {nemo} still not moving with market

[12:30] {Threei} last few days it makes sudden moves with no setup and with no regard to anything

[12:31] {Threei} KS, you don't expect any mail from UK?

[12:32] {Threei} UK) UK Postal Union confirms nationwide strike to go ahead

[12:35] {Threei} US) Fed's Fisher: Sees the beginnings of an inventory correction - TV interview

[12:35] {Threei} - Sees 2010 growth significantly below potential; does not see a double-dip recession

[12:38] {KSystems} huh?

[12:38] {nemo} schlaefst du doch?

[12:38] {Threei} sorry to wake you up

[12:38] {Threei} just giving you a heads up

[12:40] {KSystems} zzzZZZzzzZZZzzzZZZ

[12:42] {Threei} kind of "just in case" call:

[12:42] {Threei} Long Setup: AIG .50 break

[12:44] {nemo} eh...stop there pal?

[12:45] {Threei} how would you structure it?

[12:46] {bkhmd} stop .34?

[12:46] {Threei} as it stands, yes, but

[12:46] {Threei} if it spends a few min more above .40 before tagging .50, I'd keep it under .40

[12:47] {nemo} wfc Vad? looks like aig

[12:48] {Threei} yes, with one difference

[12:48] {Threei} for WFC I want market help

[12:48] {nemo} it just broke

[12:48] {Threei} fff

[12:48] {nemo} wow aig

[12:48] {fernp} impsiible

[12:48] {Threei} missed tuping

[12:49] {strider} bit seller at .60 klac

[12:50] {strider} big

[12:58] {strider} you still in aig?

[12:59] {Threei} MSFT CEO Ballmer: Sees lots of opportunities in Canadian market

[12:59] {Threei} seriously?

[12:59] {Threei} he would be a first

[12:59] {Threei} it never let us in, strider

[12:59] {strider} ok

[13:00] {Threei} went through trigger way too fast for entry, and I was typing at the moment

[13:00] {strider} I just knew that I missed it

[13:01] {Threei} US) Fed's Turullo: Too big to fail must be at center of overhaul

[13:06] {Threei} (US) Pelosi: Reaffirms that there are no plans for Economic Stimulus now

[13:06] {Threei} House will pass Health Care Bill well before Thanksgiving

[13:12] {ese} out pclm in honor of dino .10 +.10

[13:12] {ese} actually i'd had enough of honoring dino......took way too long

[13:13] {Threei} lol

[13:15] {strider} out flat AGAM

[13:15] {strider} .535

[13:15] {Threei} Long Setup: CAT 60 break half lot

[13:15] {Threei} if holdong above .90

[13:16] {Threei} US) US Commerce Sec Locke: Dollar weakness a concern

[13:16] {Threei} - USD Oil link bolsters the case for US Energy Independence

[13:19] {ese} l sndk .67

[13:21] {ese} out sndk .75 +.08

[13:21] {strider} in

[13:27] {Threei} ok CAT, enough games

[13:27] {Threei} time for new high

[13:31] {strider} no lvl 1 data CAT

[13:31] {fernp} switch quote server

[13:32] {Threei} there you go, good kitty

[13:33] {Threei} with bad character, lol

[13:34] {Threei} 1;1 and immediate smackadown

[13:34] {strider} so you got out?

[13:34] {Threei} Preview: Fed's Beige Book survey of regional economic conditions to be released at 2pmET

[13:34] {Threei} * current beige book expected to be mildly positive, highlighting a softened upturn pace in the economy in Sep through early Oct timeframe

[13:34] {strider} with profit?

[13:34] {Threei} 1:1

[13:34] {Threei} lunch time

[13:34] {Threei} and scalpers were the only winners even in the morning today

[13:35] {fernp} sold in the way down. filled at .06

[13:35] {fernp} so +.05

[13:36] {Threei} better than poke in the eye...

[13:36] {Threei} but if you intend to scalp, why not offer it

[13:36] {Threei} and let it take you out on spike

[13:37] {fernp} i always do that. But this time wanted something more...

[13:41] {strider} I'm not getting lvl 1 data on many stocks...anyone else?

[13:41] {nemo} you using laser?

[13:42] {strider} yes

[13:42] {nemo} change quote server

[13:42] {strider} tried that

[13:42] {Threei} tried slapping trev?

[13:42] {strider} nothing for CAT for instance

[13:43] {nemo} close and re open?

[13:44] {nemo} suprised market isn't up more with the $ pummeling today

[13:44] {Threei} I think they are bound to decouple soon

[13:44] {strider} closed/reopned....still no better

[13:46] {nemo} fcx vad, break of 82

[13:46] {nemo} big stop

[13:46] {Threei} strider... you may be too shy still... look:

06[13:46] * Threei slaps lasertrev around a bit with a large question mark

[13:47] {lasertrev} whats up

[13:47] {strider} try a colon.....maybe that'll get his attention.

[13:47] {Threei} see? it works

[13:47] {strider} not getting lvl 1 data on many stocks.

[13:47] {nemo} Vad's got pick to bone with you

[13:47] {Threei} nah, just an attention getter

[13:48] {Threei} and my unconditional love to hurting people

[13:48] {nemo} cat short or long?

[13:48] {nemo} guess it depends on beige book

[13:48] {lasertrev} are u getting level2?

[13:48] {ese} take care all....have my first parent teacher interview in 1hr.....catch you tomorow

[13:48] {Threei} I'd prefer to get some bounce and short into it

[13:49] {Threei} take care ese

[13:49] {ese} cya vad

[13:49] {fernp} bye ese

[13:51] {lasertrev} strider u there?

[13:51] {strider} yeah

[13:51] {lasertrev} everything ok?

[13:52] {strider} no lvl 1 data on some stocks.

[13:52] {strider} for instance, CAT

[13:52] {strider} tried changing servers....tried restarting software

[13:52] {lasertrev} i will talk to you in pm

[13:55] {Threei} strider... make sure that under View - Show Level II you have Displya NYOB in Level II checked

[14:00] {Threei} FED'S BEIGE BOOK: LABOR MARKETS SHOW POCKETS OF SOME IMPROVEMENT; COMMERCIAL REAL ESTATE WEAKEST SECTOR

[14:04] {Threei} 12 DISTRICTS SHOWED STABILIZATION OR MODEST IMPROVEMENTS IN MANY SECTORS; LABOR MARKETS SHOW POCKETS OF SOME IMPROVEMENT

[14:04] {Threei} Market Internals update at 2:00pmET

[14:04] {Threei} - NYSE volume 710M shares, about 1% below its three-month average; advancers lead decliners by 3.3:1.

[14:04] {Threei} - NASDAQ volume 1.52B shares, about 6% above its three-month average; advancers lead decliners by 1.7:1.

[14:04] {Threei} - VIX index -3.5% to just over 20.00

[14:06] {strider} aig bounce?

[14:06] {nemo} oil almost $82

[14:07] {fernp} lol, AGAM still around 14.50

[14:07] {Threei} lol

[14:08] {Threei} one-legged snail moving in mollasses

[14:09] {strider} turns out I

[14:09] {strider} 'm not getting lvl 1 on listeds

[14:10] {Threei} [13:55] {Threei} strider... make sure that under View - Show Level II you have Displya NYOB in Level II checked

[14:11] {strider} all that stuff is greyed out on mine

[14:11] {Threei} click on level 2 window first

[14:11] {Threei} then go to menu

[14:11] {Threei} it's greyed out if some other window is active

[14:12] {strider} cat

[14:13] {strider} I've change it on all lvl 2s. no difference .

[14:13] {strider} Do I need to restart software?

[14:14] {Threei} should have to...

[14:14] {Threei} shouldn't

[14:14] {lasertrev} try AIG or SPY

[14:14] {strider} This just changed all by itself. I didn't go through unchecking stuff. :)

[14:14] {strider} All 3 letter stocks same way. no lvl 1

[14:14] {nemo} how about if I just send him my format file...It works in mine

[14:15] {strider} Well this worked fine until an hour ago....

[14:15] {nemo} oh

[14:15] {lasertrev} so AIG does not work?

[14:16] {strider} ah...solution.

[14:16] {strider} gremlins.

[14:16] {nemo} that's what we used to call it when I was working on networks

[14:16] {strider} had checked show nasdaq only

[14:16] {nemo} OH! that's Lasertrev's fault

[14:17] {strider} but I swear, I did not have sexx with that woman...Monica Lewinsky

[14:17] {nemo} depends on what your definition is

[14:17] {lasertrev} r u good now?

[14:17] {nemo} of "is" is

[14:17] {strider} Yes. But I'm still holding you responsible.

[14:17] {Threei} that's the spirit!'

[14:18] {Threei} and btw... guess who is on TV

[14:18] {lasertrev} np, I have thick skin

[14:18] {strider} Monica?

[14:18] {nemo} Valery Bertinelli?

[14:18] {Threei} thick skin is good... gives us an excuse to use sharper nedles

[14:19] {Threei} nemo... changing orientation?

[14:19] {nemo} armor piercing rounds

[14:19] {strider} bigger petards

[14:19] {Threei} I am content with 2x4 endowed with rusty nails

[14:20] {strider} bcrx?

[14:20] {Threei} BCRX Hearing recent strength being attributed to positive mention by Michael Murphy

[14:20] {Threei} - Note: on 9/30 the Murphy newsletter reiterated BCRX as a Top Buy

[14:21] {Threei} (US) President Obama: Winding down TARP portions aimed at larger banks; major banks that were in critical condition in 2008 require no new Govt assistance

[14:21] {Threei} - Larger limits on SBA-Guaranteed loans will help small businesses; too little credit flowing to small businesses

[14:21] {Threei} - To improve small business lending, essential to make more credit available to community lenders

[14:21] {strider} well then let's have at it.

[14:21] {nemo} I try to stay at least 600 yards away.

[14:22] {strider} from all petards?

[14:22] {nemo} no.....

[14:22] {nemo} ....targets

[14:23] {nemo} wow, apple has had quite the day

[14:23] {nemo} aig break of .25

[14:26] {Threei} probably

[14:28] {strider} +.11 bcrx

[14:28] {strider} thank goodness for small favors

[14:29] {fernp} with EURO/DOLLAR at almost 1.50 is really cheap for an european (like me) to buy music and books in amazon

[14:29] {fernp} Amazes me, I've just bought 3 MJ's cds for 17 euros with shipping included

[14:31] {Threei} I would stll prefer a strong dollar

[14:31] {fernp} I will order a pizza, let's see how much it cost, loll

[14:31] {Threei} from USA??? :)

[14:31] {fernp} :)

[14:32] {nemo} wfc short break of .08?

[14:33] {Threei} nah

[14:33] {larisa} my mom once tried to send me box of peaches from one end of Russia to another :) not a good idea

[14:33] {Threei} but postmen were happy

[14:33] {Threei} mailmen?

[14:35] {larisa} my mom too, i did not have a heart to tell her the truth about condition of the peaches

[14:35] {Threei} good idea

[14:36] {Threei} if I ever see a need to ask someone how I look or something of this kind, I'll ask you larisa

[14:36] {larisa} you are not my mom

[14:37] {Threei} didn't think this one through, did I

[14:37] {larisa} lol

[14:37] {bkhmd} lol

[14:37] {Threei} :)

[14:38] {nemo} first higher low in cat in a while

[14:38] {Threei} WFC

[14:38] {nemo} break of .20

[14:38] {Threei} starts forming something breaky-shaped

[14:39] {strider} aig mnoving

[14:42] {strider} schl has interesting daily...trying to break today

[14:47] {Threei} Long Setup: WFC .20 break

[14:47] {Threei} if stays above .10

[14:59] {strider} ya still think WFC?

[15:00] {Threei} consolidates tighter and tighter

[15:00] {Threei} if market helps, certainly a candidate

[15:00] {nemo} look at aig

[15:04] {nemo} paint dry yet?

[15:05] {Threei} if I miss another trade because of typing to answer you...

[15:05] {nemo} oh yeah, my fault...

[15:05] {Threei} it ought to be someone's

[15:07] {Threei} USEG Files $100M common shelf (6.41, +0.11, 1.75%)

[15:08] {Threei} argh

[15:08] {nemo} what

[15:08] {strider} missed wfc because quotes were stuck

[15:08] {Threei} wow

[15:08] {nemo} what wow?

[15:09] {Threei} sheesh... nemo...

[15:09] {nemo} oh, strider

[15:09] {Threei} you sure your connection's fine strider? quotes are smooth like baby's butt here

[15:09] {strider} it was just stuck lvl 2 data....changing servers fixed it...but missed.

[15:09] {Threei} USEG, what a smackdown

[15:10] {nemo} strider...you know our bandwith?

[15:10] {Threei} (US) Pelosi: reaffirms any House Bill will include public auction

[15:10] {nemo} public plan?

[15:10] {strider} your bandwidth?

[15:11] {nemo} how much data capacity and speed you have

[15:11] {fernp} my pizza arrived. Have to go. Good evening everybody.

[15:11] {strider} nommial 5 mg. download

[15:11] {strider} nominal

[15:11] {nemo} oy...that's tight

[15:11] {Threei} take care fern, enjoy that pepperoni

[15:12] {Threei} 5 sounds low

[15:12] {nemo} yeah

[15:13] {nemo} wow

[15:14] {Threei} WFC Hearing downgraded at Rochdale (30.08, -0.38, -1.25%)

[15:14] {Threei} that's trhe reason for a drop??

[15:14] {nemo} perfect

[15:14] {Threei} watching for bounce entry

[15:14] {nemo} market dropping

[15:15] {nemo} aig strong

[15:15] {Threei} 30 break long

[15:15] {Threei} stop under .95

[15:15] {Threei} invalidated

[15:18] {Threei} reestablished

[15:19] {Threei} nope

[15:19] {nemo} wow

[15:23] {Threei} market is really nervous

[15:23] {nemo} like waiting for a pregnancy test

[15:24] {nemo} well...maybe not

[15:24] {Threei} red close today would be a thing of beauty

[15:24] {Threei} as another indication of topping

[15:24] {nemo} yeah, for us masochists

[15:25] {Threei} [09:55] {Threei} but my woprking assumption at this point is:

[15:25] {Threei} [09:55] {Threei} it's not a rally anymore,

[15:25] {Threei} [09:55] {Threei} it's last shakeouts before plunging,

[15:25] {Threei} [09:55] {Threei} market won't make it too easy for shorts

[15:25] {Threei} if we close in red, it will ber another and quite heavy adition to that side of argument

[15:27] {nemo} low volume day

[15:28] {Threei} but look how volume piocks up on this plunhe

[15:28] {nemo} yes

[15:28] {nemo} two red days in a row would be a first for a while

[15:32] {Threei} Market Internals update at 2:00pmET

[15:32] {Threei} - NYSE volume 950M shares, about 8% above its three-month average; advancers lead decliners by 1.1:1.

[15:32] {Threei} - NASDAQ volume 1.99B shares, about 6% above its three-month average; advancers and decliners about even.

[15:32] {Threei} - VIX index -0.3% to just under 21.00

[15:32] {Threei} that's not really low volume day

[15:32] {nemo} no, it's still below the recent average...arguably within same parameters as recent regular volume

[15:33] {Threei} what's recent?

[15:34] {Threei} 3 months sounds reasonable tome

[15:34] {nemo} my measurements are average of last 100 days

[15:34] {Threei} and this is truly drastically different from 3 month... got it

[15:35] {nemo} no...I was just being specific

[15:38] {Threei} White House's Summers: USD will remain top reserve currency for foreseeable future; World has no viable alternative to USD

[15:38] {Threei} - takes long term Govt indebtedness 'seriously'; deficits in the short term are required to offset lack of spending in private sector; deficits to become a concern when private spending expands

[15:38] {Threei} - administration budget should ensure debt levels move back to sustainable, steady, or declining pace

[15:40] {bkhmd} Good Night all

[15:40] {bkhmd} Thanks Vad for the lesson

[15:41] {Threei} take care bkhmd

[15:41] {Threei} wait.... what lesson?

[15:45] {nemo} talking about sheep again, Vad?

[15:47] {Threei} huh?

[15:50] {Threei} guys, I think we are seeing the top finally

[15:51] {dptl} have a good evening all

[15:52] {Threei} take care dp

[15:53] {larisa} bye all :)

[15:53] {Threei} yake care larisa

[15:54] {larisa} :)

[15:54] {Threei} lackluster day

[16:01] {Threei} thank you all

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

[16:03] {lasertrev} have a good night vad

[16:03] {nemo} nitall

[16:03] {lasertrev} later nemo

[16:03] {nemo} LT

Oct 20 2009

Positive day even though large part of it was inactive. Some longs, some shorts, interesting salmon play on FITB that will resolve tomorrow.

Session Time: Tue Oct 20 00:00:00 2009

[08:30] {Threei} US) SEPT HOUSING STARTS: 590K V 610KE; BUILDING PERMITS: 573K V 595KE

[08:30] {Threei} US) SEPT PRODUCER PRICE INDEX M/M: -0.6% V 0.0%E; PPI EX FOOD&ENERGY M/M: -0.1% V 0.1%E

[08:40] {fernp} Good morning everybody

[08:40] {magoo} morning

[08:41] {Threei} fern, magoo :)

[08:42] {nemo} haroo

[08:43] {Threei} could be

[08:45] {nemo} what a good morning?

[08:45] {Threei} haroo

[08:46] {nemo} oh

[08:46] {nemo} db catcat

[08:46] {nemo} too much coffee

[08:50] {cosmo} gee ...CAT came back...

[08:51] {nemo} the song cosmo?

[08:51] {cosmo} the very next day....yea

[08:51] {nemo} scary...I knew exactly what you were thinking about

[08:51] {Threei} ORBT Receives Contract From Federal Aviation Administration Valued in Excess of $875K

[08:52] {cosmo} yeah ...scary

[08:55] {nemo} thought Cat might break that .40

[08:56] {cosmo} HGSI 22.50 spike high (pre mkt)

[08:57] {Threei} Human Genome Sciences Inc Presenting positive Phase III results for BENLYSTA in lupus at ACR conference

[08:58] {cosmo} Shares Up 4.9% After Earning $75 Million Milestone Paym

[09:02] {magoo} u watching CAT vad?

[09:02] {Threei} among others

[09:06] {nemo} cat gonna" have a little drop here?

[09:07] {Threei} NYX to Provide Transparency for Alternative Trading Systems (29.06, 0.00, 0.00%)

[09:07] {Threei} this is interesting

[09:09] {Threei} - beginning next month, it will provide a means for participating broker-dealers alternative trading systems (ATSs) and off-exchange market centers to create transparency regarding volume and individual dark pool activity by allowing the firms to print trades on the FINRA/NYSE Trade Reporting Facility (TRF) and display the daily activity of each trading venue on NYSE.com.

[09:09] {cosmo} wha?

[09:13] {ese} GM

[09:13] {larisa} good morning :)

[09:14] {strider} morning everybody:)

[09:14] {Threei} ese, larisa :)

[09:14] {Threei} strider :)

[09:14] {strider} 3i:)

[09:16] {lasertrev} gm

[09:16] {ese} strider laris.....

[09:16] {Threei} trev :)

[09:16] {ese} trev

[09:18] {ese} anyone make note of aapl this morning up 12pts......beats the street huge

[09:18] {nemo} Rip Van Ese...sheesh

[09:20] {ese} obviously i missed it........seee thats why i was asking a question....just easing into the conversation

[09:20] {nemo} Ese...you stick your chin out like that, whaddya' expect?

[09:21] {Threei} especially wth nemo around

[09:22] {ese} head between knees now....moping and sulking.....feeling sorry for self....whimpering...will go away now

[09:22] {ese} feeling hurt

[09:23] {ese} nemodoen't like me no more

[09:23] {nemo} Larisa!!!! ese needs sympathy

[09:23] {nemo} I never said that ese

[09:23] {nemo} You know the story of the scorpion and the frog?

[09:24] {ese} ahhhhhhh....what can i say....just being a sap......looking for sympathy.....but it just doesn't work on this board

[09:25] {ese} no what

[09:25] {nemo} Ese...we're all right there cheering you on in those "little bugger" trades

[09:25] {dptl} good morning all

[09:25] {Threei} dp :)

[09:25] {ese} ddddddddpppppppppppp!

[09:25] {dptl} :)

[09:27] {Threei} not having clear candidates for the opening, will sit out first minutes, just like yesterday

[09:29] {ese} how bout athr vad......

[09:29] {ese} or bcrx

[09:29] {gnslng} sveta0909

[09:29] {Threei} candidates to wtch

[09:29] {Threei} just mno clear trades on them yet

[09:30] {magoo} CAT pulling bk

[09:30] {nemo} everything locked up

[09:32] {nemo} $ strengthening

[09:33] {Threei} Long Setup: HIG .60 break if stays above .50

[09:35] {Threei} invalidated

[09:35] {nemo} cat db?

[09:36] {Threei} nah

[09:36] {nemo} hig rude

[09:36] {Threei} why?

[09:36] {nemo} tad insolent...came back to trigger

[09:36] {Threei} invalidated setup, and if you tried it you would be stopped now

[09:37] {magoo} HGSI pulls bk hard

[09:37] {Threei} Long Setup: HIG .50 break if stays above .40

[09:38] {magoo} AIG vad..39 area

[09:38] {Threei} invalidated

[09:38] {magoo} AAPL loses 200

[09:39] {fernp} UAUA 8 break seems interesting

[09:39] {Threei} I wouldn't fern

[09:40] {Threei} nice on daily but intraday is too vertical into resistance

[09:40] {nemo} yeah...long is wrong right now

[09:40] {fernp} ok. ty. just looking at it

[09:41] {cosmo} hmmm

[09:41] {Threei} this is very interesting day guys

[09:41] {nemo} yeah llook at bear flag on spy

[09:41] {ese} dino you there? micc

[09:41] {Threei} if we go red and stay red after all these sparkling earings, we are likely to finally start meaningful reversal

[09:41] {nemo} ese..he's gone for the week

[09:42] {ese} ahhhhhhh fishing?

[09:42] {nemo} golfing

[09:42] {Threei} Short Setup: CAT half lot .30

[09:42] {ese} even better....i have a tee time for friday but not like dino

[09:42] {Threei} if dtays under .50

[09:43] {Threei} not a scalp for me

[09:44] {ese} missed it

[09:44] {Threei} 1:1, covering half

[09:44] {fernp} ty very much

[09:44] {_mreust} Not a bad start!

[09:44] {nemo} ty tanks

[09:44] {Threei} you should see us finishing yesterday...

[09:45] {nemo} aig Vad?

[09:46] {nemo} ehhh..too much volatility at the moment

[09:46] {Threei} .35 stop for CAT balance

[09:46] {strider} out +.20, +08

[09:46] {ese} l sndk .81

[09:46] {Threei} why so high strider??

[09:47] {Threei} was easily available near .10

[09:47] {strider} let it come back up. didn't want to take last partial at a loss.

[09:47] {strider} took first half at .10

[09:47] {Threei} oh, second half you mean

[09:47] {Threei} ok

[09:47] {Threei} out

[09:47] {Threei} scalpers win

[09:48] {strider} 2nd half was on the way back up.

[09:48] {Threei} yeah, got it

[09:49] {Threei} Long Setup: RIMM .10 break half lot

[09:49] {Threei} if stays above .90

[09:49] {magoo} in'

[09:50] {strider} in

[09:51] {ese} out sndk.83 +.02 scratch not enough momentum

[09:51] {ese} or rather time and sales looked to be slowing down

[09:52] {Threei} wow... report that Chamber of Commerce supports carbon tax was a hoax

[09:53] {Threei} US FDIC Staff recommends end of Govt debt guarantee on Oct 31

[09:54] {Threei} hmmm... how does it prop AIG up?

[09:54] {ese} l swks .98

[09:54] {Threei} RIMM almost 1:1

[09:54] {ese} had bstop....just noticed the fill

[09:55] {Threei} half out or scalp... your decision

[09:55] {Threei} I am out

[09:55] {strider} half +.19

[09:55] {fernp} ty again

[09:55] {Threei} those pesky scalprs win too consistently

[09:55] {nemo} aapl fallling

[09:55] {Threei} and I am not all that comfortable with longs rght now

[09:56] {Threei} AIG lost its mind

[09:56] {Threei} well, what went for it anyway

[09:57] {strider} 2nd half @ .16....same story as before....well, 2 for 2. thanks, VAD

[09:57] {Threei} sure thing

[09:57] {nemo} aapl downhill

[09:59] {ese} out swks ..12 +.14

[09:59] {strider} there goes sndk, ese

[09:59] {ese} ya just noticed that strider

[09:59] {magoo} did i miss our exit RIMM?

[09:59] {ese} looks like it did have have enough momo

[09:59] {magoo} occuppied

[10:00] {ese} oh well......wasn't feeling right at the tiem

[10:00] {ese} time

[10:00] {nemo} $ selling off

[10:01] {Threei} near .30 mags

[10:01] {ese} cien taking off

[10:01] {magoo} ty

[10:01] {strider} klac on the move also

[10:02] {strider} c&H rimm, vad?

[10:02] {strider} cup too smll

[10:02] {strider} small

[10:04] {Threei} not comfortable with it strider

[10:06] {fernp} HIG 27.50 break?, too evident Vad?

[10:06] {Threei} just looking at it too

[10:06] {Threei} no

[10:06] {Threei} let's skip it

[10:06] {fernp} agree

[10:06] {Threei} and let's make a little pause and look around

[10:07] {Threei} here is what I see and what makes me hesitant

[10:07] {Threei} we opened the day with two huge earning beats by two bellweathers

[10:07] {Threei} went into red after that

[10:08] {Threei} another ovservation over past few days:

[10:08] {Threei} volume sharply increased on a rare red day last week,

[10:08] {Threei} and diminished again on green days

[10:08] {nemo} was down on yesterday

[10:08] {Threei} you know I am not the one to call trend reversal

[10:08] {Threei} at least not easily

[10:08] {Threei} but this is more and more looking like topping action

[10:09] {Threei} also, you may have noticed somewhat increased number of short calls lately

[10:09] {Threei} (winning ones too)

[10:09] {Threei} and it's not like I made a conscious decision to start calling more shorts,

[10:09] {fernp} I did not realize about volume that red day. good point

[10:09] {Threei} it's just that short setups started presenting themselves more frequently

[10:10] {Threei} All above is pointing to signs of reversal coming

[10:10] {Threei} BUT

[10:10] {Threei} there is always a bit

[10:11] {Threei} we have seen false reversals a few times over the summer

[10:11] {larisa} a bit of but?

[10:11] {Threei} we didn't trust those, I continuously stated that those were just pullbacks,

[10:11] {Threei} right

[10:12] {Threei} and there is a probablility, albeit decreasing, that this one may turn out a fake too

[10:12] {Threei} If it does, I don't want to get caught attempting to short just another bull flag,

[10:13] {Threei} and it does not look to me like bull flag at the moment,

[10:13] {Threei} neither volume configuration nor this going red on good earnings fit profile.

[10:13] {Threei} So, here is what I want to do:

[10:14] {Threei} 1. stop guessing whether it's reversal or pullback

[10:14] {Threei} 2. observe carefully for confirmation of either

[10:14] {Threei} 3. take setups on stock by stock and minute by minute basis

[10:15] {Threei} 4. stay nimble and limit expectations to scalps unless I feel otherwise strongly enough to call it "not a scalp"

[10:15] {Threei} 5. even in thiose cases partial out at 1:1 and trail stop to b/e religiously, just as we did with CAT

[10:16] {Threei} done blabbing

[10:16] {nemo} that shouldn't last long

[10:16] {Threei} what?

[10:16] {strider} sounds good to me.

[10:16] {nemo} done blabbing

[10:16] {Threei} ah

[10:16] {nemo} sorry...it was right there

06[10:17] * Threei slaps nemo around a bit with a large heavy object of unknownm origin

[10:17] {Threei} this was too

[10:17] {nemo} mmmmhhh...pine cone hit me off the head...anyway indexes about to test lows

[10:18] {Threei} oh, and another thing

[10:18] {strider} klac in funky H&S

[10:18] {nemo} see

[10:18] {Threei} 6. look into increase of range trades

[10:18] {Threei} instead of range breaks

[10:18] {Threei} to illustrate:

[10:18] {Threei} look at HIG

[10:18] {nemo} aig holding strong

[10:18] {Threei} .50 break wouldn't have worked

[10:19] {fernp} was looking at it

[10:19] {Threei} but scalps between .40 and .55 would

[10:19] {nemo} $ stronger

[10:20] {Raven} {--------- approves of 3i's comments

[10:20] {Threei} thank you

[10:20] {Raven} yw

[10:20] {Threei} can I gop home?

[10:20] {nemo} wow...he came down from on high

06[10:20] * Raven slaps nemo around a bit with a large trout

[10:21] {nemo} I feel blessed

[10:21] {fernp} lol

[10:21] {Raven} {---- and on that note I will take a hike

[10:21] {magoo} q erver vad?

[10:21] {Raven} be careful

[10:21] {nemo} you got wings don't you

[10:21] {Threei} 11

[10:21] {magoo} ty

[10:21] {Raven} legs need exercise

[10:21] {Raven} cya

[10:22] {nemo} have a nice day Raven

[10:22] {Threei} take care R

[10:23] {Threei} CAT

[10:23] {Threei} this bounce into 60 should be shortable

[10:23] {nemo} yeah, and aig

[10:23] {magoo} respectfully..i like it long for a bounce

[10:24] {Threei} it bounced already

[10:24] {magoo} more

[10:24] {nemo} it would have to break .10

[10:24] {Threei} to me it's just a question of where the bounce tops so we could short it

[10:24] {magoo} .40 area

[10:24] {magoo} imo

[10:27] {nemo} not sure the market has shown it's hand for the day

[10:30] {nemo} RIMM short?

[10:32] {ese} strider check out sndk now......man there seemed like something phony going on earlier

[10:32] {strider} vedy interestin

[10:33] {nemo} but...

[10:33] {Threei} OK

[10:33] {Threei} Short Setup: CAT right here with stop above .15 half lot

[10:33] {Threei} in

[10:34] {strider} in

[10:36] {Threei} no go

[10:36] {fernp} out

[10:36] {strider} out

[10:36] {strider} futs spiked

[10:36] {fernp} yeah

[10:42] {nemo} cat actually weathered that downturn

[10:42] {nemo} as did rimm

[10:43] {ese} de market boss.....de market....shes saaaa slowly creeeepin daoun dare boss....

[10:43] {nemo} meds ese

[10:43] {magoo} huh?

[10:44] {nemo} he's doing his Gungin impression

[10:44] {ese} oppss slowly creepin up dare boss up dare

[10:44] {magoo} WELL ITS CAUSING MAGOO DEPRESSION

[10:44] {ese} l swks .05

[10:46] {ese} took some ginko yesterday.....for the memory......I think

[10:46] {Threei} Short Setup: RIMM .75 half lot

[10:47] {Threei} if stays below .90

[10:49] {ese} out swks .13/.14 approx +.09

[10:49] {nemo} big buy on .80 rimm

[10:49] {ese} 5k of the little buggars

[10:49] {Threei} yeah, let's modify trigger to .80 break

[10:49] {nemo} $ strengthening

[10:50] {Threei} good

[10:50] {nemo} AIG short?

[10:50] {Threei} not a scalp is triggers

[10:51] {Threei} no read on AIG

[10:53] {Threei} how about that?

[10:53] {nemo} how about what?

[10:53] {Threei} sigh... never mind

[10:54] {nemo} frick

[10:54] {Threei} RIMM invalidated

[10:55] {ese} vad.....auch......I have forsaken thee again..........i should have sold 1/2 and let the other 1/2 ride in swks......can ye ever forgive me

[10:55] {Threei} no... never

[10:55] {nemo} If you'd kept your mouth shut ese...sheesh

[10:56] {Threei} in fact, I fully intend to blackmail you to our with dp's benefit... only box of vodka will save you

[10:56] {ese} i have failed you again........auch du miya

[10:57] {ese} i know nemo.....iknow........just ........auch

[10:57] {nemo} catholic?

[10:57] {ese} naw....sorcerer faith

[10:58] {nemo} cool

[10:58] {ese} more exciting......kids have gotten me into it with Harry Potter

[10:58] {ese} have a wand......can't seem to make it work though........works on a set of drums however

[10:59] {ese} ahhhhhhh it's a drumstick.....i knew there was something familiar about it

[10:59] {nemo} the wand is only a talisman to conduct your intention

[11:00] {ese} ha ha ....ha ha...good one

[11:02] {nemo} Right now though this looks like a consolidation day

[11:02] {nemo} ese dcc

[11:03] {ese} FITB is looking interesting for the first time in a long while

[11:03] {strider} dndn?

[11:04] {Threei} AONE

[11:04] {Threei} A123Systems CEO: in "late stage" negotiations with DOE on loans for development of lithium-ion batteries

[11:04] {Threei} - first US plant for battery cells will open in mid-2010 in Michigan.

[11:04] {Threei} don't see much interesting on DNDN

[11:08] {Raven} a new industry in Michigan ? ... unbelievable

[11:09] {Threei} rather support on existing autoindustry

[11:09] {Raven} auto industry barely existing

[11:09] {Threei} lol... good point

[11:09] {Raven} sheesh

[11:09] {Raven} whatta dumb state

[11:10] {strider} states can be dumb?

[11:10] {nemo} see any deer on your walk Raven?

[11:10] {Raven} state government

[11:11] {strider} of course

[11:11] {Raven} no deer today ... no wild turkeys either

[11:12] {strider} Got a coyote passing through here once in awhile. western NC

[11:12] {Threei} RIMM, watching if reestablishes itself

[11:12] {Raven} yup ... we have them here also in the neighborhood

[11:12] {Raven} SW Michigan

[11:12] {nemo} we have coyotes up the wazoo

[11:13] {strider} need one more?

[11:13] {gnslng} strider where abouts are you? i am also in WNC

[11:13] {strider} Hickory

[11:13] {Raven} where nemo?

[11:13] {gnslng} i see, i am in waynesville / maggie valley

[11:14] {strider} ah yes. Get up there every once in awhile.

[11:14] {strider} motorcycling

[11:14] {nemo} Massachusetts

[11:14] {nemo} eastern south of Boston

[11:14] {Raven} where in Mas

[11:14] {Raven} +s

[11:15] {Raven} rural Mass?

[11:15] {nemo} suburban

[11:15] {nemo} you know Mass?

[11:15] {Raven} somewhat ... both parents from there

[11:15] {nemo} what town/city?

[11:16] {Raven} Holyoke and Charlton

[11:16] {nemo} that's rural...I'm inside the 495 belt

[11:16] {Raven} I see ... and you have lots of coyotes ? I am surprised

[11:16] {ese} thinking long swks again

[11:17] {nemo} oh yeah...couple of years ago in Brighton..part of Boston...big stink over a ladies lapdog-turned-brunch by a coyote

[11:17] {nemo} lady's

[11:17] {Raven} sheesh

[11:18] {strider} I've got 3 cats to worry about=coyotes...try to keep them in at night.

[11:18] {Raven} cats should always stay in

[11:19] {nemo} I always get a kick out of seeing the missing pet signs on the telephone poles...they are always small animals

[11:19] {strider} my cats would be miserable inside.......and so would I.

[11:20] {strider} risk= reward, no?

[11:20] {Raven} lol ... if you keep them in since birth they know no other way

[11:20] {nemo} The Matrix

[11:20] {ese} that happens periodically with cougars and dogs going missing in North Vancouver......half the city is up the side of a mountain

[11:20] {strider} neither would you or I :)

[11:20] {nemo} absolutely

[11:21] {strider} Two of my cats were born wild........

[11:21] {Raven} that makes it hard then

[11:21] {Raven} my two were bottle fed by people

[11:22] {Raven} they are almost people

[11:22] {strider} aw jeez....

[11:22] {Raven} yes

[11:22] {Raven} a mouse would never touch their lips

[11:22] {Threei} FITB really looks more and more interesting

[11:23] {strider} I'm glad somebody's working here..

[11:23] {Raven} lol

[11:23] {nemo} AIG break of .80?

[11:23] {Threei} rathjer yes than no but like 52/48

[11:25] {ese} dabbling swks L .03 stop .94

[11:26] {ese} dabbling is 1k for me by the way

[11:27] {strider} cat

[11:28] {Threei} (US) Senator Bunning (R-KY): Consumer financial watchdog agency bill will not pass the Senate Banking Committee (related XLF )

[11:28] {ese} sorry don't have cats.....allergic

[11:29] {Raven} so am I ... there is a drug that fixes that

[11:29] {strider} cats are allergic to you?

[11:29] {ese} probably

[11:29] {Threei} AIG readies itself it seems

[11:29] {magoo} in

[11:31] {larisa} no go through pivot

[11:31] {ese} wow mags......

[11:32] {strider} nobody listened to me....cat.........not even me.

[11:32] {Threei} where is its pivot?

[11:32] {larisa} 41.83

[11:32] {Threei} ty

[11:32] {Threei} Energy Sec Chu: Oil around $80/bbl "makes me nervious" (related USO )

[11:32] {ese} i did strider....said i didn't have any

[11:33] {strider} CAT :)

[11:33] {ese} alright.....joke is old already

[11:33] {Threei} Obama administration wants stable oil prices (related USO )

[11:33] {Threei} lol

[11:33] {strider} cat-on-pillow

[11:34] {Raven} you lookin' in my window?

[11:34] {strider} would I do that?

[11:34] {Raven} yes

[11:34] {strider} well, then , yes

[11:35] {Raven} {----------- circling

[11:35] {Threei}

[11:35] {Threei} RIMM

[11:35] {Threei} reestablished

[11:36] {ese} i like how swks holds it's own when qqqq's decline.....

[11:36] {Threei} FITB too

[11:37] {ese} opps spoke too soon

[11:38] {ese} fitb hanging in there though

[11:39] {ese} bloowdy eeel.....stoped

[11:40] {ese} just touched .94 and fill me.....^%%$#^%%.........*(&^&^%$%.........&*^%^#

[11:40] {nemo} $ going north

[11:40] {fernp} ZION valid dbi, Vad?

[11:41] {ese} why i otta!!!!!!

[11:41] {Threei} I think so iff helped by market

[11:41] {fernp} ok

[11:44] {strider} hgsi in dbi formation

[11:44] {Threei} RIMM 1:1 if you went for it

[11:46] {ese} fitb looking really good vad

[11:46] {Threei} I am more and more intrigued

[11:46] {ese} moi aussi

[11:48] {larisa} FITB reports oct 22

[11:49] {ese} good to know....will go up probably til then then tank

[11:50] {Threei} unless it beats big - then it will gap up and only then tank :)

[11:50] {Threei} salmon...

[11:50] {Threei} who is ready to try it

[11:51] {Threei} .58 break, .45 support

[11:51] {ese} moi

[11:51] {Threei} aggressive entries are preferable

[11:52] {ese} l fitb .55

[11:52] {fernp} me too

[11:54] {nemo} market has slowed to a crawl

[12:00] {ese} something calming about being in fitb

[12:00] {Threei} rofl

[12:00] {strider} gives me the nervous jerks...and I'm not even in

[12:02] {strider} average range about 37 cents

[12:03] {fernp} ZION no go. stopped

[12:05] {nemo} hig short .60?

[12:05] {Threei} brweak of it rather

[12:05] {nemo} although, looks like the indexes want up a bit

[12:05] {nemo} yes break

[12:05] {Threei} if stays under .70

[12:06] {Threei} or .65 for hardcore scalpers

[12:06] {ese} ba humbug ....it's lunch hour ....now i'm going to have to wait for the payoff in fitb

[12:10] {Threei} Market Internals update at 12:00pmET

[12:10] {Threei} - NYSE volume 510M shares, about 5% above its three-month average; decliners lead advancers by 4.7:1.

[12:10] {Threei} - NASDAQ volume 945M shares, about 7% below its three-month average; decliners lead advancers by 3.1:1.

[12:10] {Threei} - VIX index +0.05% to just over 21.50

[12:17] {fernp} I liked HIG 60 breakdown setup, But it did exactly the opposite of what I thought

[12:17] {fernp} difficult to read market these days

[12:17] {nemo} yeah...market decided to move up

[12:17] {ese} L fitb avg .54

[12:23] {strider} Vad, what period do you use for RSI on 1 min chart?

[12:23] {Threei} I don't use RSI

[12:23] {Threei} that takes care of the problem

[12:24] {strider} Hey. You sold me all these Boooooooogus DVDs showing you use RSI!

[12:24] {Threei} uhhu

[12:24] {Threei} you are being deceived

[12:24] {strider} I knew it.

[12:24] {Threei} badly

[12:24] {Threei} my purpose in life is to promote RSI while I don't use it myself

[12:24] {strider} Some guy with a bad russian accent is using it.

[12:25] {nemo} he's running for office next year

[12:25] {ese} rotfl

[12:26] {Threei} on the othjer hand, if you are interested in BBs, that setting may be of interest to you since I use non-standard one for intraday

[12:26] {strider} I should have been suspicious when you picked RSI over volume on the 1 min chart.

[12:26] {nemo} 13 period 1.7 standard deviations

[12:27] {strider} not 1.69?

[12:27] {nemo} funny...you have to turn around on that setting

[12:29] {fernp} Vad uses RSI 10 on those videos. There's a video explaining configuration

[12:30] {Threei} right

[12:30] {Threei} and I forgot exact settings

[12:30] {fernp} lol

[12:30] {Threei} and abandoned RSI since then

[12:31] {strider} that one must be extra.......the configuration video.

[12:31] {Threei} not that there isd anything wrong with it

[12:31] {nemo} hgsi short?

[12:31] {Threei} but I tend to simplify things

[12:31] {strider} the ac/dc oscillator

[12:31] {nemo} Seinfeld oscillator

[12:31] {strider} yes

[12:32] {Threei} no read HGSI

[12:32] {nemo} yeah, it went short

[12:35] {strider} RIMM also?

[12:35] {Threei} ewverytyhing looks short

[12:36] {Threei} problem is, it doesn't follow through generally

[12:36] {nemo} indexes are pretty flat

[12:36] {Threei} market is not dropping like crazy, it's just slowly rolling over, and today is one of first days of such rollover

[12:37] {Threei} can't expect shorts to start working flawlessly right away

[12:37] {Threei} it's like nww OS by MSFT... gotta work out kinks first

[12:37] {strider} would you say shorts are in a bind?

[12:38] {nemo} look at gap on 15 minute chart rimm

[12:38] {nemo} support right here

[12:38] {Threei} I don't know what it means

[12:39] {nemo} o.k. well, if it rises to .40 and stalls, we looking at a short setup

[12:39] {nemo} ?

[12:40] {Threei} .50 rather

[12:42] {strider} L.fitb@.48

[12:47] {Threei} now RIMM is better candidate for short if market resumes downward

[12:48] {ese} nice entry strider

[12:48] {strider} hope so

[12:51] {Threei} lol, you have 1:1 here stirder

[12:52] {strider} :)

[12:52] {ese} your fine......

[12:52] {Threei} beauty of aggressive entries

[12:53] {nemo} this is looking more like a market turn

[12:53] {Threei} lol... Halloween costume: suit and tie with mask of Bernie Madoff, calls "Whack a Ponzie"

[12:53] {strider} DIA already has a nice dbl bottom.

[12:55] {larisa} 5 seconds trade on STT :) laser is good

[12:56] {Threei} wait... Laser did?? or you did?

[12:56] {Threei} 'cause if Laser, I want that feature

[12:56] {larisa} lol

06[12:56] * Threei is looking around for "5 seconds winning trade" button

[12:57] {strider} I think you can either pick the button or the RSI feature. You got RSI.

[12:57] {lasertrev} that costs extra

[12:57] {Threei} sigh

[12:58] {Threei} how about "refuse to execute losing trades" button?

[12:58] {lasertrev} lol

[12:59] {ese} rotfl

[13:05] {Threei} AXL Hearing vague chatter of a possible large contract with Ford

[13:06] {Threei} looks like downside is done for now

[13:06] {Threei} and quite possibly for the day

[13:06] {Threei} but I seriously hope to see red close

[13:06] {larisa} -130 finish :)

[13:07] {Threei} I hope so

[13:08] {Threei} but my bet will be -50

[13:08] {larisa} I want AAPl to roll over. holding so far

[13:08] {larisa} too safe bet.. boring

[13:08] {Threei} I am boring

[13:09] {larisa} agree with me or say +130

[13:09] {Threei} if you see a crowd yawning and snorring, you can bet I am in the middle, trying to entertain them

[13:10] {Threei} Alan Greenspan told me I was too boring for him

[13:10] {Threei} if you watched him speaking just once, that should tell you something

[13:10] {larisa} lol

[13:12] {ese} ya know....dino would have loved micc

[13:12] {ese} I should have traded it in his honor

[13:12] {larisa} I traded STT in his honor :)

[13:13] {larisa} so you do not have to

[13:13] {Threei} I feel ashamed... I haven't done anything in his honor

[13:13] {ese} but alas no....L swks .95

[13:13] {nemo} tell a corny joke

[13:13] {Threei} nah, I can't even hope to beat that very large moth one

[13:16] {strider} Don't you just love it when your damn cable company decides to work on the lines in the middle of the day...and just cuts you off?

[13:17] {strider} Have a DSL backup....

[13:19] {strider} Is it possible FITB was just toying with our affections?

[13:19] {Threei} we have any?

[13:20] {strider} infections?

[13:20] {Threei} same question...

[13:20] {strider} one leads to the other.

[13:21] {nemo} good one

[13:21] {Threei} lol... reminded me my dialog with pro photographer

[13:22] {Threei} I told him about difficulty I had with one partuclar focusing situation

[13:22] {Threei} continuous focus on moving target where camera was supposed to track subject once locked focus on it

[13:22] {Threei} his advice was:

[13:22] {Threei} try STD

[13:23] {Threei} me: say what?

[13:23] {Threei} turned out there is aconfiguration called Single Target Dynamic

[13:24] {Threei} RIMM{ bounce cadidate

[13:24] {Threei} Long Setup: RIMM .60 break if holding .50

[13:26] {Threei} (US) Dark Pool Trading Limit to be cut 95% in SEC Proposal

[13:26] {Threei} - Note: Dark Pool orders are issued programatically by computers and grey/black box programmers, shown on an ECN for 30ms or less and as a result are inside the window for dissemination to the broad tape and ECN's. Program traders use this to hunt for depth or to feel out how to trade a stock without showing their hand to the public at large or even other professionals that watch the tape. Dark pools are off exchange platforms run by the likes of Goldman Sachs and Getco LLC.

[13:31] {strider} in RIMM .61

[13:35] {strider} out .49

[13:35] {Threei} didn't it lose .50 before breakming .60?

[13:36] {strider} if it did, I missed it.

[13:36] {Threei} 13:28

[13:37] {strider} yeah .I see it now. my bad.

[13:37] {larisa} by 1 cent

[13:37] {Threei} yes, not much but after that it spiked into resistance

[13:37] {Threei} to reestablish, stock needs to consolidate again

[13:42] {nemo} cat s beak of .45 ...shoot

[13:43] {larisa} is it english?

[13:43] {nemo} cat s (short) break of .45 sorry

[13:43] {larisa} ok :)

[13:44] {dptl} have a good evening all

[13:44] {Threei} take care dp

[13:47] {nemo} volume a little better today

[13:50] {Threei} some pick up finally

[13:53] {Threei} Long Setup: AIG .40 break

[13:54] {Threei} if stays above .30

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

[14:00] {Threei} - NYSE volume 735M shares, about 7% above its three-month average; decliners lead advancers by 5.2:1.

[14:00] {Threei} - NASDAQ volume 1.37B shares, about 6% below its three-month average; decliners lead advancers by 3.1:1.

[14:00] {Threei} - VIX index -0.33% to just under 21.50

[14:04] {ese} hey all....have to go and teach choir.....am still in fitb and swks....will hold till end of day...cya tomorrow

[14:04] {Threei} take care ese

[14:04] {Threei} teach them well

[14:04] {ese} see ya vad

[14:04] {Threei} or good

[14:04] {Threei} or not

[14:06] {strider} Vad, does a 3 hour consolidation like FITB carry a greater risk of collapse/rinse, whatever?

[14:06] {Threei} sometimes yes

[14:07] {Threei} if it happened with borader intial range I'd be tightening stop just in case

[14:07] {Threei} but range is very tight as it is

[14:07] {Threei} so I just let it do its thing

[14:08] {fernp} are you in FITB, Vad?

[14:08] {Threei} yeag

[14:08] {Threei} UAUA CEO Glenn Tilton: seeing signs of encouragement in revenue trends - conf call comments (8.88, +0.02, 0.23%) (related JBLU AMR ALK LUV DAL )

[14:08] {fernp} me too, from .52

[14:09] {fernp} stop is under .45, no?

[14:09] {Threei} yup

06[14:14] * Threei thinks of starting kicking things in the rear, then changes his mind and falls asleep

[14:14] {nemo} how'd he type?

06[14:14] * Threei possesses ability to type in his sleep - how do you think he runs this room for years?

[14:15] {Threei} AIG reestablished

[14:15] {nemo} thought that was the good twin?

[14:15] {Threei} used to be

[14:15] {Threei} then bad one strangled him

[14:15] {nemo} damn broke

[14:15] {Threei} over 1:1

[14:16] {nemo} too fast

[14:16] {Threei} anyone got it?

[14:16] {strider} Hey Vad, calling them after they've left the station doesn't count. :)

[14:16] {Threei} anyone got it?hmmm?

[14:16] {Threei} that wasn't after

[14:17] {nemo} technically correct

[14:17] {strider} Or when I'm in the bathroom....

[14:17] {Threei} that was right when it touched .40 and downticked two cents

[14:17] {strider} offering 1/2 FITB @ .55

[14:18] {Threei} fern... do we hate him?

[14:18] {Threei} with his entry, it's like 1:3 here for him, lol

[14:18] {fernp} lol

[14:18] {strider} If it's a good offer, you should take it:)

[14:18] {Threei} ok... one thing I can promise you

[14:19] {strider} it'll go to .80

[14:19] {Threei} if we manage to sell it at 10.90, you won't hear the end of it for weeks {G}

[14:19] {strider} i know...i know

[14:19] {strider} ka-ching

[14:21] {fernp} i am thinkin to hold some shares overnight

[14:21] {strider} you'd think that a stock in such great demand would bring a higher price.

[14:21] {Threei} you gambler you

[14:21] {fernp} glamber and pesky :)

[14:21] {Threei} let's decide near close, depending on how it acts'

[14:21] {Threei} pesky gambler... sheesh

[14:21] {fernp} yes

[14:21] {Threei} what a combination

[14:34] {strider} come on FITB. Make me look stoopid.

[14:35] {Threei} new high

[14:35] {Threei} salmon is as salmon does

[14:35] {strider} do you smoke it? new high.

06[14:35] * nemo slaps nemo around a bit with a large idiot stick

[14:36] {Threei} you don't smoke salmon, you have camel for that

[14:36] {strider} camels smoke salmon?

[14:36] {nemo} sure you smoke salmon

[14:37] {Threei} you do?

[14:37] {Threei} thigs I learn here...

[14:37] {nemo} Haven't you ever had smoked salmon?

[14:37] {strider} if the fraternities had a special day for them...would that be salmon rush-day?

[14:37] {nemo} oh jeez

[14:38] {Threei} I had it, I just never smoked it

[14:38] {nemo} let's see....me...magoo (where is he)...now strider

[14:38] {nemo} smoked salmon on bagels with cream cheese...never had it?

[14:38] {nemo} it's a tribe delicacy

[14:44] {Threei} (US) Fed's Warsh: question remains if banks can continue to raise capital as they have been able to recently (related XLF )

[14:45] {Threei} why do they need to raise capital endlessly?

[14:45] {nemo} black hole of defaults...Commercial Real Estate coming up

[14:46] {nemo} Q's almost positive

[14:46] {nemo} green

[14:47] {strider} CAT nice consolidation

[14:59] {Threei} IMF's Lipsky: Asia should emerge from crisis stronger than other world regions; healing has begun in world economy but considerable challenges remain (related EUR/USD USD/CNY FXI )

[14:59] {nemo} Everybody has the same press agent...sheesh

[15:01] {strider} moving FITB stop to .50

[15:10] {Threei} IAEA Elbaradei: Still hopes to reach agreement in Iran talks, making progress but slower than expected

[15:15] {strider} Vad , is there a setup that would give you a short play on FITB?

[15:15] {Threei} I guess...

[15:15] {Threei} hard to answer hypotetical

[15:15] {Threei} I'd need to see it forming, see interaction with market

[15:17] {strider} No strider's famous 'looks like it's going down' setup?

[15:17] {strider} not

[15:18] {strider} a break of .47 here would be break of support.

[15:18] {strider} .46

[15:19] {Threei} every time it dipped so far, it jumped back up with vengeance

[15:19] {Threei} too big risk to run into false breakdown

[15:19] {Threei} take a look at 1 min,

[15:19] {Threei} see those sharp green spikes?

[15:19] {strider} yeah

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 945M shares, about 7% above its three-month average; decliners lead advancers by 4.4:1.

[15:32] {Threei} - NASDAQ volume 1.76B shares, about 6% below its three-month average; decliners lead advancers by 2.9:1.

[15:32] {Threei} - VIX index -1.25% to just over 21.00

[15:37] {Threei} wow

[15:37] {Threei} AIG

[15:37] {nemo} yeah

[15:37] {nemo} what the hell was that

[15:37] {Threei} thougth about calling 40 break and decided against it

[15:39] {larisa} why?

[15:40] {Threei} 'cause I am stupid?

[15:40] {strider} Great. Now he tells us.

[15:41] {nemo} not sure that's good pr

[15:42] {Threei} no?

[15:42] {Threei} I always knew marketing wasn't my strong side

[15:42] {Threei} so, stupid AND bad marketer? jeez

[15:43] {Threei} and I intend to leave it in the trading log untouched. Let's see how many new subscribers it brings

[15:43] {Threei} FITB new high

[15:43] {nemo} Well, at least we did have to hear you ask, "Can I go home?"

[15:43] {strider} Curses. Foiled again.

[15:43] {Threei} oh, not too good loking either

[15:44] {Threei} gimme a few, I'll try to think of what I am good at

[15:44] {nemo} shishkebab

[15:44] {Threei} yesss

[15:44] {Threei} thank you

[15:44] {Threei} and I have wintnesses right in this room

[15:44] {Threei} 3

[15:44] {nemo} slaughtering your typing

[15:45] {nemo} excessive alcohol consumption

[15:45] {Threei} FITB over 1:1

[15:45] {nemo} photography

[15:46] {fernp} sold half

[15:46] {larisa} nemo is trying harder than vad :)

[15:46] {Threei} he just has better memory

[15:46] {Threei} I am trying hard

[15:46] {Threei} it just doesn't work

[15:47] {Threei} ese will be happy about FITB

[15:47] {larisa} market is officially as boring as vad and greenspan.

[15:47] {Threei} this is offensive

[15:47] {Threei} I am sure I am more boring

[15:48] {Threei} you larisa are just anrgy that my -50 call is right on money... so you are trying to pick on me

[15:49] {larisa} yes, very dissapointing

[15:49] {Threei} sorry

[15:49] {nemo} cat...tease this close to close

[15:51] {gnslng} out +.13 , ty finally

[15:52] {Threei} :)

[15:55] {Threei} (US) Fed's Yellen: Tightening will happen "when the time comes," Fed has plenty of tools for tightening but does not expect them to be used in the next several months

[15:55] {Threei} - It is to be expected that interest rate differentials will drive capital flows

[15:55] {Threei} - Fed feels completely comfortable that it will be able to exit from loose policy when the time comes.

[15:55] {Threei} - Does not believe that asset bubbles emerging in Asia will be a problem.

[15:56] {Threei} (US) Rep Van Hollen (D-MD): Believes public option is likely to pass in some form in House healthcare reform bill

[15:56] {Threei} - Major unresolved issues remain in House healthcare overhaul, including abortion, public option.

[15:56] {Threei} - Expects Congress to have a unified bill on President Obama's desk by year's end.

[15:58] {Threei} -52

[16:00] {Threei} -50

[16:00] {Threei} yesss

[16:00] {Threei} larisa... hw anout that

[16:00] {Threei} how about

[16:00] {larisa} see you later :)

[16:00] {Threei} :)

[16:00] {nemo} thanks for the warning

[16:00] {Threei} thank you all

[16:01] {Threei} have a good evening

[16:01] {Threei} see you tomorrow

[16:01] {fernp} holding 500 for tomorrow. let's see

[16:01] {fernp} Good evening everybody

[16:01] {Threei} me too fern

[16:01] {fernp} :)

Oct 19 2009

Strong start to the week with numerous wins, two or three small stops and couple strong plays for about 40 cents.

Session Time: Mon Oct 19 00:00:01 2009

[08:02] {KSystems} morning
[08:03] {strider} morning KS
[08:03] {magoo} morning
[08:09] {KSystems} hey strider, magoo
[08:10] {KSystems} and fern
[08:10] {KSystems} ;)
[08:10] {magoo} hi K
[08:10] {Threei} Good morning
[08:10] {magoo} can anyone log in laser yet? i cant
[08:10] {magoo} hi vad
[08:10] {Threei} logged in fine here
[08:10] {magoo} sigh..great
[08:11] {Threei} VVUS
[08:11] {Threei} NYT article comments on new obesity drugs
[08:11] {Threei} - Notes the market has been most excited about Vivus' QNEXA.
[08:11] {Threei} - Orexigen's obesity treatment CONTRAVE and Arena's LORCASERIN have underperformed Vivus' QNEXA in trials.
[08:11] {Threei} - One challenge for QNEXA might be safety as the drug contains phentermine (which was part of the notorious fen-phen combination) and topiramate which makes people feel satiated.
[08:11] {Threei} - According to Vivus, QNEXA has only small quantities of phentermine and topiramate.
[08:11] {Threei} - Some doctors are already prescribing phentermine and topiramate separately, which could hurt sales of QNEXA.
[08:11] {magoo} ok..getting in now..3rd try
[08:15] {magoo} POT news vad?
[08:18] {Threei} nothing fresh
[08:28] {Threei} TRBN
[08:28] {Threei} Trubion Pharmaceuticals Reports positive data from Phase IIb re-treatment Study of TRU-015
[08:28] {Threei} - Data from the open-label re-treatment phase of the Phase II b study demonstrate that repeat administration with TRU-015 is generally well-tolerated and results in sustained improvement in the signs and symptoms of RA
[08:31] {Threei} IMMU Awarded Three Grants by NIH to Develop New Agents for Imaging and Therapy of Cancer (4.82, 0.00, 0.00%)
[08:32] {nemo} GM
[08:32] {Threei} grants totalling $2.1M
[08:32] {Threei} nemo :)
[08:43] {Threei} stubborn seller at 5, IMMU
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:59] {cosmo} IDCC: # Nokia wins ITC ruling in case InterDigital filedat MarketWatch(Sun 5:08am)
[09:00] {Threei} CIT Group Inc Provides further details of amended restructuring plan - filing
[09:00] {Threei} - Offers to exchange debt for a pro rata portion of each of five series of its newly issued Series A secured notes and/or up to approximately 68.3 million shares of its newly issued preferred stock (**previously intended to issue 70M)
[09:00] {Threei} - Assuming 100% success in exchange offer, the New Preferred Stock issued will consist of approximately 68.3 million shares having an aggregate liquidation preference of approximately $95.6B and representing approximately 91.1% of the aggregate voting power of the Corporations capital stock (**prior liquidation preference value was $63B, prior voting power was 94%**)
[09:00] {Threei} - Bondholders to recieve between $700 and $1000 in cash and 0.35 and 2.8 preference shares for each $1,000 held ( **previously offered between $700-$900 in cash and 0.41- 3.26 in pref shares for each $1,000 held**)
[09:01] {Threei} Reportedly Carl Icahn to underwrite $6B loan to CIT
[09:06] {lasertrev} gm
[09:06] {Threei} trev :)
[09:07] {cosmo} IDCC pre mkt low = 22.10 fyi
[09:08] {dino} gm all
[09:08] {Threei} dino :)
[09:09] {strider} morning folken
[09:11] {Threei} strider :)
[09:11] {strider} 3i:)
[09:12] {_mreust} Good morning
[09:13] {Threei} morning mreust
[09:14] {Threei} FMCN Morgan Stanley Raised FMCN to Overweight from Equal Weight
[09:15] {Threei} does it mean FMCN needs VVUS' Onexa?
[09:15] {strider} groan
[09:15] {larisa} gm :)
[09:15] {Threei} larisa :)
[09:15] {nemo} how do yo put those together?
[09:15] {nemo} hi lark
[09:15] {nemo} lari
[09:15] {nemo} sori
[09:15] {larisa} :)
[09:16] {Threei} put together what?
[09:17] {nemo} fmcn w/vvus and onexa
[09:17] {Threei} sigh
[09:17] {Threei} Onexa is obesityt drug
[09:18] {Threei} VVUS tests Onexa
[09:18] {Threei} FMCN gor overweight rating
[09:18] {nemo} oh....
[09:18] {nemo} I'm thinking an advertising firm....???
[09:19] {Threei} too mkuch thinking for Monday morning
[09:19] {ese} GM
[09:19] {Threei} ese :)
[09:20] {ese} vad
[09:20] {Threei} here, nature magic helping to relax and diminish thinking:
[09:20] {Threei} http://www.realitytrader.com/photography/
[09:20] {ese} brain hurt
[09:20] {Threei} that's thinking, ese
[09:21] {Threei} it's harmful, painful and overall damaging
[09:21] {strider} [07:18] * Topic is 'Don't interrupt your brain's work by thinking'
[09:21] {Threei} yup
[09:23] {Threei} I don't have clear candidates for ther open
[09:24] {Threei} watching IMMU, VVUS, HIG, CIT
[09:25] {Threei} as it's often the case with Mondays, market seems a bit puzzled by itself
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Threei} so... not trying to find a trade immediately, giving it a few to see if something shapes up
[09:31] {magoo} aapl 2 point candle
[09:33] {Threei} USEG just won't quit
[09:33] {ese} athr
[09:34] {Threei} Long Setup: RIMM .90 break half lot if holding .80
[09:35] {Threei} over 1:1
[09:35] {fernp} too fast here
[09:35] {ese} missed it ...nice call
[09:35] {Threei} 1:2, out who got it
[09:35] {magoo} missed
[09:35] {strider} me too
[09:37] {_mreust} That was a great introduction to th room!
[09:37] {Threei} would be even better if it let more people in
[09:38] {magoo} xmas tree complete rimm
[09:38] {Threei} let's see if we get double bottom here
[09:39] {Threei} Long Setup: RIMM .95 break half lot
[09:39] {Threei} awww
[09:39] {Threei} too fast again
[09:39] {Threei} this time too fast even to type an alert
[09:39] {Threei} ok... off to something else
[09:41] {Threei} HIG, watch for pullback,
[09:41] {Threei} most likely entry zone is around .70
[09:42] {Threei} with stop under .60
[09:43] {strider} lmdia trying
[09:44] {ese} welcome mreust.....
[09:44] {Threei} HIG is getting there, get ready
[09:44] {magoo} mkts losing ground here
[09:45] {Threei} first strength from here
[09:45] {Threei} .70 break
[09:45] {Threei} if holding .60
[09:46] {fernp} in
[09:46] {Threei} big offer at .71
[09:46] {Threei} why not let it diccipate first
[09:48] {Threei} in
[09:48] {magoo} in
[09:48] {Threei} 1:1
[09:48] {fernp} ty
[09:48] {strider} out +.10 ty
[09:49] {Threei} you guys are relentless in your scalping zeal
[09:49] {Threei} {--- look who is talking
[09:49] {strider} market looks like crap:)
[09:49] {dino} vmi death roll continues
[09:51] {_mreust} Pretty good so far, especially for a Monday!!!
[09:51] {fernp} welcome aboard mreust
[09:52] {nemo} aig DB vad?
[09:52] {nemo} oops
[09:53] {strider} lmdia holding well against the market
[09:54] {Threei} doesn't look ready to me nemo
[09:55] {Threei} HIG feels a beter prospect
[09:55] {Threei} holding much better
[09:55] {Threei} actually, I'd repeat same setup on HIG
[09:55] {Threei} only this time with even tighter stop
[09:56] {Threei} under .65
[09:56] {nemo} aig jumped
[09:56] {Threei} and AIG starts looking like short to me
[09:56] {nemo} followig resistance trend
[09:57] {Threei} trying to find entry
[09:59] {Threei} Short Setup: AIG .90 break half lot
[09:59] {Threei} if stays under 43
[10:00] {Threei} HIG not holding .65
[10:00] {Threei} no inyerest in boiunce anymore for now
[10:00] {Threei} wanted higher low, and it's not happening
[10:01] {Threei} AIG 1:1
[10:02] {Threei} but should be good for more than that
[10:02] {Threei} so let's try and partial
[10:02] {Threei} (US) NY Fed: No inference should be drawn on policy tightening
[10:02] {Threei} - Working with counterparties on reverse repo
[10:02] {Threei} - Testing ability to do repos with tri party settlement
[10:02] {Threei} - Considering expanding counterparties for repos
[10:03] {Threei} Note: On 10/08 the FT reported that the Fed has started testing reverse repo trades and that they would allow the Fed to drain cash from the financial system once it decides to exit its current extraordinarily loose policy. The Fed has conducted at least three tests of reverse repos since March.
[10:07] {nemo} amgn short?
[10:08] {Threei} good boy AIG
[10:08] {Threei} 1:2
[10:08] {Threei} no read AMGN
[10:08] {nemo} confused...after hitting 1:1 shouldn't stop been at entry?
[10:09] {Threei} with half lot?
[10:09] {Threei} shrug
[10:09] {nemo} oh
[10:09] {Threei} I'd prefer to let it go to wash
[10:09] {Threei} if it breaks initial stop
[10:09] {Threei} ity's AIG
[10:09] {Threei} too volatile to be this literal
[10:09] {Threei} 1:3
[10:09] {Threei} out in full
[10:12] {nemo} mmmhh financials popped
[10:13] {Threei} USEG, gravity finally taking over
[10:13] {Threei} keep an eye for sharp selling,
[10:13] {Threei} should become a worthy bounce candidate, desirably under 5.50
[10:14] {nemo} cat moving up 1.20
[10:17] {nemo} Well here's one where I should have been thinking...
[10:17] {nemo} Remember how AIG broke below 43.80 last week...
[10:18] {nemo} Well, it kissed it before the open and has been down hill ever since
[10:20] {magoo} u mean 6.50 right?
[10:20] {Threei} ?
[10:20] {dino} mkt bounce
[10:21] {magoo} r 5.50
[10:21] {Threei} USEG
[10:21] {magoo} yea
[10:21] {Threei} no, I mean 5.50
[10:21] {ese} l hgsi .90
[10:21] {Threei} look at daily
[10:22] {Threei} stop under .80 ese?
[10:22] {Threei} AIG wouldn't even try to bounce with market
[10:22] {Threei} why did we ever bother to cover it all
[10:23] {ese} yes
[10:23] {Threei} nice looking setup
[10:24] {dino} vmi stopped
[10:25] {ese} stopped
[10:25] {nemo} cat still climbing
[10:25] {Threei} AIG to me: you need to grow up and hold your position for real gain... when I am going, I am going
[10:25] {Threei} over a dollar form original entry
[10:26] {ese} thought with that upward movement int the qqqq it would take hgsi with it
[10:26] {Threei} that was good setup ese
[10:26] {Threei} just didn't wortk
[10:27] {Threei} Long Setup: HIG .60 break
[10:27] {ese} agreed
[10:27] {Threei} if stays above .50 for scalpers,
[10:27] {Threei} above .40 for day traders
[10:28] {magoo} in
[10:28] {fernp} in
[10:28] {Threei} remember that interesting manner in which HIG sometimes goes and goes and goes once it finds its footing?
[10:29] {Threei} with any market help, this seems to be just right moment
[10:29] {Threei} if it works, my game plan is:
[10:29] {Threei} half out around .75 - .80
[10:29] {Threei} 1/4 around .90 - .95
[10:29] {Threei} then we will see
[10:30] {ese} l hgsi .85
[10:30] {Threei} 1:1 for hardcore pesky scalpers
[10:31] {dino} all hl l .00
[10:31] {fernp} you can call me pesky, 1:1 I'm out
[10:31] {Threei} :)
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 225M shares, about 20% below its three-month average; advancers lead decliners by 1.9:1.
[10:31] {Threei} - NASDAQ volume 420M shares, about 25% below its three-month average; advancers lead decliners by 1.2:1.
[10:31] {Threei} - VIX index +1.75% to just under 22.00
[10:32] {nemo} 1/2 out
[10:32] {Threei} first target hit
[10:32] {Threei} half out .75
[10:32] {Threei} stop to under b/e
[10:33] {Threei} maybe too tight... .55 stop for now
[10:33] {Threei} and to b/e when prints above .75
[10:36] {nemo} aig long or short?
[10:36] {Threei} must it be either or?
[10:36] {Threei} how about neither?
[10:36] {nemo} huh
[10:36] {Threei} this is my way of saying "I have no idea"
[10:37] {nemo} oh
[10:37] {Threei} lol
[10:37] {fernp} having problems with my internet connection. Connecting and disconnecting continuously...
04[10:37] -} [fernp] PING
[10:37] {Threei} [10:37] [fernp PING reply]: 1sec
[10:37] {Threei} -----------
[10:37] {Threei} not bad actually
[10:38] {fernp} thanks
[10:39] {Threei} what do you know, pesky scalpers win
[10:39] {nemo} out
[10:39] {Threei} again
[10:40] {nemo} rude
[10:40] {Threei} AIG, this is one of those cases where you wish you fainted after entering the trade
[10:40] {fernp} pesky and lucky scalpers , lol
[10:40] {Threei} and came out of it 30 minutes later
[10:40] {Threei} 42.90 short entry
[10:41] {larisa} 41.15 no fill AIG, fingers not fast enough :)
[10:41] {Threei} it seems to be almost ready for sizeable bounce
[10:42] {Threei} .30 break
[10:42] {Threei} just don't go in with full lot, OK?
[10:42] {Threei} stop under .15
[10:43] {Threei} 1:1
[10:43] {Threei} can do better I am sure
[10:44] {Threei} offering half above .50
[10:44] {ese} out hgsi .98 +.13
[10:44] {Threei} half out
[10:44] {Threei} .52
[10:45] {nemo} if it's continuing downtrend, should stop around here
[10:45] {Threei} it won't
[10:45] {Threei} but stop to just under .30
[10:45] {Threei} offering 1/4 more .65
[10:46] {Threei} hit
[10:46] {Threei} offering last part .75
[10:47] {Threei} stop to under .40
[10:47] {Threei} no lose territory
[10:47] {nemo} what got into cat today
[10:47] {larisa} earnings tom
[10:47] {Threei} HIG, you are deceiving bastard
[10:50] {Threei} beautiful AIG
[10:50] {Threei} what a precision in holding stop level eh?
[10:51] {magoo} nice vad
[10:51] {Threei} out last part +.44
[10:51] {Threei} so far, just one stop, whooping 6 cents
[10:52] {Threei} no, 7
[10:52] {nemo} Don't ask
[10:52] {Threei} who?
[10:52] {Threei} about what?
[10:52] {nemo} you...you know
[10:52] {Threei} oooh
[10:52] {Threei} I just typed that
[10:53] {nemo} DON'T!
[10:53] {Threei} sorry can't let it go to waste
06[10:53] * nemo slaps Threei around a bit with a large trout
[10:53] {Threei} sigh
[10:53] {Threei} whatever, if I get slapped, at least gotta know for what
[10:53] {Threei} can I go home?
[10:53] {nemo} bastid
[10:53] {fernp} yes
[10:54] {Threei} ty
[10:54] {nemo} frickin HIG
[10:54] {ese} mags......you there...gog?
[10:54] {ese} goog...pullback
[10:54] {fernp} HIG behavior is irritating
[10:54] {Threei} nemo, go to http://www.realitytrader.com/photography/2009/10/fall-flowers.html and look at pretty flowers, you seem overstressed
[10:55] {nemo} have a picture of Ketel1?
[10:55] {Threei} HIG does exactly what it was projected to... just with shakeout in the middle :)
[10:55] {magoo} cant believe BIDU up so much and goog not
[10:55] {ese} whats bidu?
[10:55] {nemo} chinese google
[10:55] {magoo} yup
[10:56] {ese} ahh
[10:56] {Threei} unlike bidet which is not
[10:56] {magoo} usually in sync
[10:56] {nemo} Poor Raven
[10:57] {nemo} RIMM
[10:57] {nemo} break of .26 stop .15?
[10:58] {Threei} probably yes
[10:58] {magoo} its just that its been such a donkey of late..rimm
[10:59] {ese} what do you look for in goog mags?
[10:59] {magoo} profit
[10:59] {ese} ha ha ha ha.........good one
[11:00] {ese} pullbacks ....breakouts.....?
[11:00] {magoo} extrewmes
[11:00] {magoo} like extreme pullbk
[11:01] {ese} gotcha
[11:01] {magoo} it will fall like 8 pts..so 3 point not extreeme
[11:01] {magoo} dont want to tradde it all day..or 10 times..just want the !
[11:01] {magoo} like bidu off 393
[11:02] {magoo} monster move
[11:02] {ese} gotcha.......ya it was
[11:02] {magoo} and only 300-500 shares
[11:02] {magoo} to control
[11:03] {magoo} risky..but i like goog here
[11:03] {ese} how about the breakout at 400 for bidu....would you look at that
[11:03] {magoo} i want it to catch up to bidet
[11:03] {ese} or 402
[11:04] {magoo} 402??
[11:04] {magoo} huh?
[11:04] {Threei} AONE...
[11:04] {ese} 401.60 then
[11:05] {nemo} here come the steak sauce jokes
[11:05] {ese} bidu....not goog
[11:05] {magoo} ah
[11:05] {magoo} im talking goog
[11:05] {Threei} Fed's Bernanke: US should increase savings rate; Asia leading global recovery; US should create sustainable fiscal trajectory
[11:05] {Threei} - Surplus countries must raise domestic demand
[11:06] {magoo} i like goog at 553
[11:06] {ese} right......
[11:06] {nemo} As they flip us the mesodactyl
[11:06] {Threei} AONE, this pullback looks buyable
[11:06] {Threei} .50 break, half lot
[11:07] {magoo} in .44
[11:07] {Threei} stop under .35, target closer to 25
[11:07] {magoo} A1
[11:07] {ese} goog?
[11:07] {fernp} HIG .95 break?
[11:08] {Threei} hard to tell
[11:09] {fernp} mini c&h
[11:09] {Threei} no go AONE
[11:09] {magoo} no go goog
[11:09] {Threei} still feels like runner to me
[11:10] {Threei} but volastility is abit too high
[11:10] {nemo} just touched the BB average on that last drop
[11:12] {Threei} HIG does that slow relentless climb
[11:13] {fernp} im long .96 w/stop under .85 lte's see
[11:13] {Threei} AONE strongly feels to me like pushing toward 25 but hard to structure the play
[11:14] {Threei} (US) Chamber of Commerce: to no longer oppose Climate Change legislation -CNBC
[11:14] {Threei} let's set firmly on suicidal path
[11:15] {Threei} get ready for carbon tax
[11:17] {ese} l hgsi .85
[11:20] {ese} hmmmm even better .8461
[11:22] {dino} lrn l .50
[11:24] {ese} out hgsi .90 +.05
[11:25] {magoo} ener
[11:26] {ese} excuse me +.0539 appologies for the inaccurate reporting of profit
[11:29] {Threei} lol
[11:31] {magoo} RIMM
[11:31] {magoo} high here
[11:32] {magoo} is there a bounce play in AIG boss?
[11:33] {ese} weird market..........sixth sense feels like it should be going down but it's going up......
[11:34] {ese} i know ...i know!!!!! don't think es...just do
[11:38] {Threei} not sure yet mags
[11:38] {Threei} feels more to me like one more dive into 41,
[11:38] {Threei} shaking out those who bought ariund here
[11:38] {Threei} and then march up
[11:39] {magoo} ok
[11:39] {magoo} lets stay on it
[11:39] {Threei} if it just goes up from here, then I lost grip on it
[11:42] {magoo} hang on 3i..hang on :)
[11:42] {Threei} lol
[11:42] {Threei} good one
[11:45] {Threei} CIT Reportedly Egan-Jones tells bondholders not to accept Icahn offer - NYT Dealbook (1.25, +0.13, 11.61%)
[11:46] {Threei} OPEC's El-Badri: Iranian nuclear talks are off to a good start
[11:46] {Threei} I want to know El-Badri's definition of good
[11:47] {Threei} after all, "we haven't cut each other throats in first 5 min" is good too
[11:48] {Threei} new highs
[11:48] {Threei} who would have thought, lol
[11:48] {Threei} Dow 10,099
[11:58] {gnslng} .
[11:58] {Threei} good point...
[11:58] {gnslng} definitely!!
[11:59] {Threei} why oh why didn't I listen to magoo
[11:59] {magoo} i did
[11:59] {Threei} and just bought AIG and fainted
[11:59] {magoo} in
[11:59] {Threei} yeah but did you faint?
[11:59] {magoo} .65
[11:59] {magoo} ill faint of i lose on it here
[12:04] {dino} dkq
[12:06] {dino} all stopped -.15
[12:11] {dino} ros?
[12:13] {dino} bbt lod
[12:19] {dino} jpm gap fill from tues close
[12:20] {patience} .
[12:54] {strider} ORLY, Vad?
[12:55] {Threei} hmmm
[12:55] {Threei} chart is short but somehow doesn't feel rightr
[12:55] {Threei} I'd leave it alone
[12:55] {strider} k
[12:59] {Threei} Preview: Oct NAHB Housing Market Index due out at 1pmET
[12:59] {Threei} **consensus expectation: 20e v 19 prior (estimates range between 18 and 21.)
[13:00] {Threei} US Treasury discloses new liquidity plan for low income borrowers; aims to create development and rehabilitate rental properties
[13:00] {Threei} - a new bond purchasing and temporary credit program to be launched with HUD and FHFA
[13:00] {Threei} - aims to purchase GSE securities backed by new mortgage revenue bonds
[13:00] {Threei} *OCT NAHB HOUSING MARKET INDEX: 18 V 20E
[13:02] {Threei} Market Internals update at 12:00pmET
[13:02] {Threei} - NYSE volume 420M shares, about 13% below its three-month average; advancers lead decliners by 5.1:1.
[13:02] {Threei} - NASDAQ volume 855M shares, about 15% below its three-month average; advancers lead decliners by 2.1:1.
[13:02] {Threei} - VIX index -1.6% to just over 21.00
[13:05] {strider} hig?
[13:05] {Threei} still down from here IMO, not ready for bounce yet
[13:06] {strider} short at .65?
[13:07] {Threei} .65 would rather signal reversal starting
[13:07] {Threei} no...
[13:07] {Threei} just leave it be
[13:07] {Threei} market is simply not active enough right now
[13:07] {Threei} not everything is long or short,
[13:08] {Threei} sometimes it's just "sit and wait"
[13:08] {strider} I need to take up knitting.
[13:09] {Threei} I would but I present a public danger with sharp things in my clumsy hands
[13:13] {strider} RIMM bo
[13:21] {ese} l hgsi .9457 sheesh
[13:22] {fernp} HIG is not making new lows
[13:25] {Threei} Long Setup: RIMM .55 break if stays above .45 for scalprs, .40 for day traders
[13:25] {dino} whats w/deck
[13:26] {Threei} nothing fresh
[13:26] {dino} same
[13:27] {Threei} StreetTracks Gold Trust Greenlight Capital's Einhorn: Positive on Gold; current Fiscal policies in the US Govt have 'gone awry'
[13:27] {Threei} - Betting on higher US, Japanese interest rates by purchasing long-dated call options
[13:27] {Threei} - Physical gold as liquid as ETFs but with lower costs; holding gold better than cash
[13:27] {Threei} - Washington's "Whatever it Takes" policy will hurt US Balance Sheet
[13:28] {Threei} Long Setup: HIG .70
[13:28] {Threei} if stays above .60
[13:29] {Threei} CIT Carl Icahn: Believes is now the largest CIT debt holder; Board has done 'awful job' (1.23, +0.11, 9.82%)
[13:29] {Threei} I'll say
[13:33] {Threei} RIMM 1:1 for scalpers
[13:34] {Threei} 1:1 for day traders
[13:35] {ese} hgsi stopped .87
[13:36] {Threei} 1:2 for day traders
[13:36] {fernp} RIMM vertical. great trade Vad
[13:36] {Threei} :)
[13:36] {Threei} HIG lags
[13:37] {magoo} out ty
[13:37] {Threei} welcome
[13:37] {Threei} okay, your turn HIG
[13:37] {nemo} feels like afternoon rally about to hit
[13:38] {Threei} it's hitting as we speak
[13:39] {fernp} more than a scalp HIG? if works
[13:39] {Threei} honestly no idea
[13:40] {fernp} ok. I'll sell at 1:1
[13:40] {Threei} while it's certainly capable of big moves and demonstrated it generously last week, it's so uncertain right now
[13:40] {dino} out lrn ave .64, +.14
[13:40] {Threei} RIMM 1:3, +.45, out last piece... nothing to sneeze at
[13:41] {Threei} me happy with today's performance
[13:41] {fernp} very
[13:42] {magoo} that was easy button worthy
[13:42] {Threei} maybe those pretty flowers is the reason
[13:46] {strider} you stopping at .64 or .59 Vad? HIG
[13:46] {Threei} can't decide
[13:46] {Threei} original stop is under .60
[13:47] {Threei} and formally, nothing changed
[13:47] {Threei} heart says dump it and forget it
[13:47] {Threei} mind says trading of what hearts says is the worst idea ever
[13:48] {Threei} ok, compromise:
[13:48] {Threei} I still keep stop under .60,
[13:48] {Threei} but if thing jumps back to .70, I'll just scratch it
[13:50] {Threei} there... resolved all doubts
[13:52] {Threei} US Treasury's Barr: Several weeks may pass before an estimate can formulate a 'dollar ceiling' on the new liquidity plan for low income borrowers announced today (related XHB XLF )
[13:56] {nemo} db hig?
[13:56] {ese} signing off...cya tamara
[13:56] {nemo} we have a tamara?
[13:56] {strider} ig AT lod
[13:56] {Threei} take care ese
[13:56] {strider} AIG
[13:56] {ese} yeow sa
[13:57] {ese} cya vad
[14:02] {Threei} ECB's Bini Smaghi: Marginal growth seen in 2010; there is no inflation risk at all; no need to raise interest rates at the moment
[14:02] {Threei} - notes that is against raising interest rates on preempting bubbles
[14:03] {Threei} Market Internals update at 2:00pmET
[14:03] {Threei} - NYSE volume 605M shares, about 11% below its three-month average; advancers lead decliners by 4.5:1.
[14:03] {Threei} - NASDAQ volume 1.23B shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.
[14:03] {Threei} - VIX index -2% to just below 21.00
[14:12] {dino} qdel
[14:13] {Threei} so much for the best earnings ever
[14:14] {Threei} QDEL beat estimate to the pulp...
[14:14] {Threei} like greek god would beat a turtle
[14:14] {dino} yes, saw that, should bounce
[14:14] {Threei} should turtle attempt to fight greek god
[14:16] {dino} see the turtle of amazing girth....
[14:16] {Threei} lol
[14:16] {dino} unpon his back he carries the earth
[14:16] {Threei} good association
[14:18] {dino} he battles the breakers
[14:26] {magoo} RIMM bouncer vad..rd duex?
[14:27] {Threei} not here
[14:27] {Threei} off .40 I think
[14:32] {magoo} another easy one...bouncer AIG vad?
[14:34] {magoo} nah..never mind
[14:36] {dino} vmi app. lod
[14:38] {Threei} ok
[14:39] {Threei} watch RIMM from here\
[14:42] {Threei} .49 recross if holdiong above .30
[14:42] {Threei} .40
[14:42] {strider} ??
[14:43] {strider} LONG .49, STOP .30?
[14:43] {nemo} long .40
[14:43] {fernp} strider RIMM long .41 stop .29
[14:44] {strider} THX
[14:49] {Threei} invalidated
[14:49] {Threei} US) Senator Grassley (R): Financial regulatory overhaul should focus on strengthening exiting agencies, doubts overhaul will be completed this year
[14:49] {Threei} - Believes banks should retain some risk for loans they originate.
[14:49] {Threei} - Credit ratings need more attention.
[14:49] {Threei} - Reiterates opposition to consumer financial protection agency
[15:15] {Threei} amazing how market manages to stay locked in so narrow range for so long
[15:15] {Threei} STEM Neural Stem Cells Show Promise For Treating Age-Related Macular Degeneration (1.64, +0.04, 2.50%)
[15:16] {Threei} speaking of stem cells
[15:16] {Threei} what's with GERN today
[15:16] {Threei} I see one lame upgrade
[15:25] {Threei} Long Setup: GERN .10 break if stays above .05 for scalpers, above 7 for dsay traders
[15:27] {strider} INVALIDATED BELOW .05?
[15:27] {strider} sorry. didn't mean to shout.
[15:27] {nemo} for scalpers
[15:27] {patience} .
[15:28] {strider} THX NEMO
[15:28] {strider} damn...did it again.
06[15:28] * nemo slaps strider around a bit with a large book of mirc etiquette
[15:28] {strider} yelling
[15:28] {strider} thanks. I needed that.
[15:28] {Threei} just tape some scothc over caps lock
[15:28] {strider} where do you buy scothc? :)
[15:29] {Threei} in the same store where they sell hwiskey
[15:29] {strider} hig bounce?
[15:29] {Threei} don't see setup yet, but on watch
[15:33] {Threei} not my kind of bounce
[15:37] {Threei} Market Internals update at 3:30pmET
[15:37] {Threei} - NYSE volume 790M shares, about 10% below its three-month average; advancers lead decliners by 3.8:1.
[15:37] {Threei} - NASDAQ volume 1.61B shares, about 13% below its three-month average; advancers lead decliners by 1.7:1.
[15:37] {Threei} - VIX index -1.35% to just over 21.00
[15:39] {nemo} lvs short?
[15:39] {Threei} .56... wortha try
[15:41] {strider} gen
[15:42] {strider} gern
[15:42] {nemo} if it gets by those monster orders at .57
[15:42] {Threei} that's why .56 is likely to be a good trigger
[15:43] {nemo} figures...market micro rally
[15:45] {nemo} lvs not really moving but running out of time
[15:46] {nemo} AIG C&H
[15:46] {strider} aig
[15:51] {nemo} aaple just shot up a buck in the last two minutes
[15:51] {nemo} what time does it announce?
[15:52] {Threei} is there exact time?
[15:52] {nemo} no
[15:53] {Threei} so...
[15:53] {Threei} ok, never mind :)
[15:53] {Threei} I don't want to know
[15:53] {nemo} wondering if somebody knew
[15:53] {nemo} be like that
[15:53] {Threei} larisa will tell me again I am picking up on you
[15:53] {nemo} mixed metaphors their dude
[15:54] {nemo} there
[15:54] {Threei} which is not ttrue at all - I do not discriminate and am too willing to pick on anyone
[15:54] {nemo} never seen you pick on larisa
[15:54] {Threei} what am I, suicidal?
[15:55] {strider} Vad, you holding GERN?
[15:55] {Threei} I will but
[15:55] {Threei} overnight hold is a very different decision
[15:55] {strider} yeah, I didn'
[15:55] {Threei} I don't want to make this kind of call
[15:55] {strider} 't mean that.
[15:55] {Threei} decide for yourself if you are willing to take this risk
[15:56] {strider} no
[15:57] {nemo} about holding gern...
[15:57] {strider} out GERN -.06
[15:58] {strider} oh well
[15:59] {dino} out qdel, +.22
[15:59] {Threei} lol dino
[16:00] {Threei} you may be the only one who profited from QDEL over lasty two trading sessions
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {dino} lol, glad to oblige
[16:00] {Threei} good start for the week
[16:01] {Threei} have a good evening, see you tomorrow
[16:01] {larisa} bye :)
[16:01] {strider} a la manana!
[16:01] {dino} in any case, i'm checking out until monday., good luck all, the north and south carolina golf courses are siren soging me
[16:01] {dino} songing
[16:02] {Threei} ah siren song...
[16:02] {nemo} watch out for the rocks
[16:02] {Threei} never what it seems to be but who of us can resist
[16:02] {Threei} have fun dino

Fri Oct 16 2009

Not overly active but solidly profitable day. A lot of setups got invalidated before they ever triggered - frequent occurrence when the market changes its tune.

Session Time: Fri Oct 16 00:00:00 2009

[07:59] {magoo} mornink comrades

[07:59] {strider} morning magoo

[07:59] {strider} Can you answer a laser question for me?

[08:02] {nemo} mags :)

[08:02] {nemo} dp, fern :)

[08:02] {magoo} ill tryt

[08:02] {strider} I'm trying to find where you can adjust the up/down arrows beside price in LVL II. I set them to move by 1/10th cent, and want to change back to 1 cent, but can't find where to do it. I assume it's somewhere in Trade Settings.

[08:08] {nemo} Strider, put mouse arrow over levelII. Right click. On menu, look for keystroke tab.

[08:08] {strider} k

[08:11] {nemo} mags, dcc

[08:11] {magoo} sorry was on call

[08:11] {strider} thanks, magoo.

[08:12] {magoo} did nemo help u?

[08:12] {strider} with what?

[08:12] {nemo} read the scroll strider

[08:12] {strider} Oh. that was nemo. :)

[08:12] {strider} thanks, nemo.

[08:13] {nemo} You make me feel better about myself

[08:13] {strider} fooey on you, magoo. :)

[08:13] {strider} It takes so little to make you happy, nemo.

[08:13] {nemo} I'm a simple fellow with complex issues

[08:14] {magoo} why u need email nemo

[08:14] {nemo} something funny

[08:22] {Threei} let's start the day on a good note:

[08:22] {Threei} FDIC's Bair: Liquidity crisis appears to be over - TV interview

[08:22] {nemo} yeah...printing presses solved that

[08:27] {Threei} guys, have a look at latest addition to http://www.realitytrader.com/photography/

[08:28] {Threei} joke of the day:

[08:28] {Threei} (RU) Russian PM Putin: asked Govt to evalute pros and cons of Rouble appreciation

[08:28] {Threei} - No grounds for sharp rouble swings and devaluation

[08:28] {Threei} asked govt?

[08:29] {Threei} rather: OK, here is what you do

[08:29] {nemo} Looks good for the minions

[08:29] {Threei} sounds like preparation for peg, doesn't it?

[08:29] {strider} Vad, you've been hanging out with some slimey characters.......

[08:30] {nemo} it mooned you

[08:30] {Threei} amazing thing is, they do tolerate my company, strider

[08:30] {strider} They reall suck up to you, though.

[08:30] {strider} really

[08:30] {nemo} wow....his sense of humor is more corny than mine

[08:31] {strider} when in Rome......

[08:31] {nemo} er....don't be a Christian?

[08:32] {strider} That first shot under "past curfew" is really something.

[08:32] {magoo} vad..IBM bounce candidate??

[08:33] {Threei} ty, one of my favs too

[08:33] {Threei} at some point...

[08:33] {Threei} IBM can be surprizingly volatile sometimes

[08:34] {magoo} from what 8i find..IBM wasnt bad report either

[08:34] {Threei} let me put it this way mags

[08:34] {magoo} lol..my new nickname

[08:34] {Threei} this is not about IBM as such at this point,

[08:34] {magoo} 8i

[08:34] {Threei} lol

[08:35] {Threei} this is about whether market topped out or ready to conrtinue

[08:35] {Threei} if we topped out, bounces is not a prominent idea,

[08:35] {Threei} they'll be mt with hard selling

[08:35] {magoo} yup

[08:35] {Threei} no matter what kind of earnings is announced

[08:36] {Threei} so, insteasd of trying to find the play on these bellweathers

[08:36] {Threei} wich will be the most volatile and most importantly, they'll be first out of the gate to show the direction, so you don't have a leading indicator

[08:37] {Threei} I'd prefer to observe them for now

[08:37] {Threei} and get our trades on second tier stocks

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

[08:42] {Threei} Reportedly, Colombian government considering interventing to halt Peso appreciation

[08:43] {Threei} that's second annoucnement in one day hinting at peg or something along those lines

[08:44] {Threei} General Electric Co CEO: Global environment definately improved in Q3, emerging markets are relatively strong - conf call

[08:44] {Threei} - Leverage continues to decline, now at 5.7x

[08:44] {Threei} - GE Capital is much improved, funding is well ahead of plans, capital ratios are getting stronger.

[08:44] {Threei} - Order cancellations are very low, which is a hopeful sign. Backlog is at a record high.

[08:44] {Threei} - US govt stimulus hasn't really had an impact on us yet

[08:44] {Threei} - Q3 gross margin was 16.3%

[08:45] {Threei} BCON Flywheel Energy Storage Plant Approved for Construction by New York State Public Service Commission

[08:51] {nemo} mmhhh...so basically, at this point the indexes have retraced yesterday

[08:52] {Threei} yes

[08:54] {Threei} wow BCON is alive

[08:57] {magoo} TRGT gapper

[08:57] {larisa} gm :)

[08:59] {Threei} larisa :)

[08:59] {nemo} lari :)

[08:59] {larisa} :)

[09:00] {Threei} (US) FDIC's Bair: Would like the FDIC to remain funded by financial industry, avoid funding from US Treasury

[09:13] {ese} good morning

[09:13] {Threei} ese :)

[09:13] {nemo} dude

[09:13] {ese} dude

[09:13] {ese} vad

[09:15] {Threei} SEPT INDUSTRIAL PRODUCTION: 0.7% V 0.2%E; CAPACITY UTILIZATION: 70.5% V 69.8%E

[09:15] {Threei} - prior Industrial Production revised from 0.8% to 1.2%

[09:15] {lasertrev} gm

[09:15] {Threei} trev :)

[09:15] {strider} morning trev

[09:19] {lasertrev} gm strider

[09:20] {bkhmd} gm all

[09:20] {Threei} bkhmd :)

[09:23] {Threei} General Electric Co CEO: Plans to deal with NBC Universal with or without a partner, evaluating several scenarios for the unit - conf call Q&A

[09:23] {Threei} - Calls Vivendi a great partner

[09:23] {Threei} - Reiterates that NBC strategy may include IPO or partnership

[09:24] {dino} gm all

[09:24] {Threei} dino :)

[09:24] {dino} trgt, interesting, only a phase 2 trial, may pull back

[09:25] {ese} dino

[09:25] {dino} es

[09:26] {dino} intc filled that gap, jpm may too

[09:26] {cosmo} trgt pre mkt high = 25 fyi

[09:27] {dino} ty

[09:27] {dino} hog continues up?

[09:32] {Threei} Long Setup: HIG .80 break if stays above .45

[09:32] {Threei} ugh... late

[09:32] {Threei} back for entry

[09:32] {fernp} .80?

[09:32] {Threei} same setup valid again

[09:32] {Threei} .60, sorry

[09:32] {strider} brak .60?

[09:32] {strider} beak

[09:33] {strider} break

[09:33] {Threei} yeas yes and yes

[09:33] {nemo} put the bottle away

[09:33] {strider} :)

[09:33] {fernp} INTC Vad

[09:33] {Threei} invalidated

[09:34] {cosmo} sppi

[09:35] {cosmo} 4.75 hod

[09:35] {Threei} SPPI Hearing Stansberry makes mildly postive comments on SPPI (likely pre-open) (4.64, +0.24, 5.45%)

[09:37] {cosmo} needs to hold .50

[09:37] {cosmo} imo

[09:37] {strider} teva

[09:37] {nemo} nahhh...can't happen again...trend 5 minute on spy

[09:38] {dino} vmi

[09:39] {Threei} IBM sharp pullback

[09:39] {ese} lean pickens this morning

[09:39] {Threei} one more leg down and will be interesting for bounce

[09:39] {nemo} where's the vix

[09:39] {Threei} around .70

[09:41] {Threei} WFC, if drops quickly into 30 will be a double bottom candidate

[09:41] {dino} vmi getting interesting

[09:42] {Threei} IBM is getting there

[09:43] {Threei} prepare half lot

[09:44] {Threei} .50 recross

[09:44] {Threei} if holding .30

[09:45] {Threei} invalidated

[09:45] {Threei} Long Setup: WFC .20 break

[09:46] {magoo} in'

[09:46] {fernp} stop under .10?

[09:46] {Threei} stop under .10, target is around .40

[09:47] {Threei} 1:1

[09:47] {fernp} i'm out TY

[09:49] {Threei} out .39

[09:50] {fernp} good one

[09:50] {ese} nice one you guys

[09:51] {magoo} waiting .47

[09:51] {ese} that seemed like a good classic setup vad....consolidate a little at .20 then take off

[09:51] {Threei} most importantly, ese,

[09:51] {Threei} it stayed just under .20 while market dropped like a stoone

[09:52] {ese} ahhhhh...gotcha

[09:52] {Threei} so my original idea of catching double bottom on that market pullback got modifiesd

[09:52] {Threei} I mean, market makes a low, WFC does too, both bounce, then market makes new low, thing doesn't pull back anymore

[09:52] {Threei} no brainer

[09:53] {ese} perfect.......will file that one away for sure

[09:54] {fernp} INTC short?

[09:56] {Threei} not sure

[09:57] {Threei} OCT PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 69.4 V 73.3E

[09:57] {fernp} late, shorted .29

[09:57] {ese} michigan confidence report 69 v 73e

[09:58] {fernp} +.07 ty

[09:58] {Threei} lol

[09:58] {ese} can't type fast enough.....can't beat ya vad

[09:58] {Threei} I don't type... I copy/paste :)

[09:59] {ese} bastard.........

[09:59] {Threei} AIG

[09:59] {Threei} .20 break long

[09:59] {Threei} stop under .10

[10:01] {fernp} FAS dropping hard

[10:02] {ese} indeed

[10:02] {bkhmd} ty

[10:02] {ese} almost 6pts

[10:02] {strider} out AIG =}09 .19-.28

[10:03] {strider} +.09

[10:04] {fernp} why I covered INTC?

[10:06] {magoo} how about AIG as a bouncer vad?

[10:06] {Threei} again?

[10:06] {nemo} aig bounced off the .80 level before and yesterday...important level

[10:06] {fernp} WFC db?

[10:07] {Threei} Short Setup: AIG .90 break

[10:07] {Threei} if stays under 44

[10:08] {magoo} nah

[10:08] {nemo} nah what?

[10:08] {magoo} dont like that one

[10:09] {nemo} aig?

06[10:09] * magoo slaps nemo around a bit with a large trout

[10:09] {magoo} what other one u see?

[10:09] {strider} hgsi salmon

[10:10] {nemo} I'll take that as a "yes"

[10:10] {magoo} lol..i sounded like vad there

06[10:10] * nemo slaps magoo around a bit with a large Matthews LX w/thunderhead 100 grain

[10:10] {magoo} i use montec

[10:11] {Threei} invalidated

[10:11] {magoo} bowtech

[10:11] {nemo} fast

[10:11] {magoo} 330

[10:11] {Threei} marketr is astill active, stop cluttering the room with this chatter!

[10:12] {dino} vmi sm l .00, wide

[10:12] {nemo} fcx near support

[10:12] {nemo} rude aig

[10:12] {magoo} now i like AIG short

[10:13] {Threei} seriously?

[10:13] {magoo} duno..AIG too hard

[10:13] {Threei} lol

[10:13] {magoo} i did..then POW up

[10:14] {magoo} sick

[10:14] {nemo} bounced of that .80...4th time this morning

[10:14] {Threei} HIG refuses to follow market down

[10:14] {Threei} Long Setup: HIS .30 break if stays above .20

[10:14] {magoo} HIG?

[10:14] {strider} hig?

[10:15] {Threei} sigh

[10:15] {Threei} what else

[10:15] {nemo} yes-threeish

[10:15] {strider} his & hers?

[10:15] {nemo} I was thinking that...I'm sick

[10:15] {Threei} invalidated anyway

[10:17] {Threei} feels like bounce time

[10:17] {Threei} Long Setup: INCT .20 break if stays above .15

[10:18] {nemo} intc?

[10:18] {Threei} INTC'

[10:19] {magoo} AAPl for a bounce..

[10:20] {dino} \shaw

[10:20] {magoo} took .98

[10:20] {magoo} aapl

[10:22] {magoo} GS bouncer

[10:22] {magoo} first strength

[10:22] {dino} sm shaw l .50

[10:23] {magoo} .30 cents GS

[10:23] {Threei} INTC setup starts looking like two-sided

[10:24] {nemo} yeah

[10:24] {nemo} not moving w/market

[10:24] {Threei} Short Setup: INTC .15 break if stays under .20

[10:27] {dino} shaw stopped, broken

[10:28] {dino} semi's no respect for earnings

[10:28] {Threei} HIG, why did you feel a need to ruin setup before playing?

[10:29] {Threei} unless this time INTC runs into smackdown again, looks like it's a long side that will set up

[10:30] {Threei} no seriously... look at HIG chart

[10:30] {fernp} in

[10:30] {Threei} up to 10:15 everything was fine

[10:31] {Threei} and played out just as it should - except for that idiotic sharp dive

[10:31] {Threei} that left us with no setup

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 395M shares, about 40% above its three-month average; decliners lead advancers by 7.6:1.

[10:31] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 3.3:1.

[10:31] {Threei} - VIX index +3.5% to just under 22.50

[10:31] {dino} xlnx sm l .15

[10:32] {Threei} 30 cents move from original trigger

[10:32] {Threei} sigh

[10:32] {strider} what do you expect from intc, vad?

[10:33] {Threei} unless market resumes donward tgrend, should be good for .30 - .35...

[10:33] {Threei} maybe more but only if market really picks up

[10:36] {fernp} unfortunately, habitual behavior in HIG lately

[10:36] {fernp} now is pulling back

[10:37] {fernp} let's see

[10:37] {dino} all, pru want tues gap

[10:38] {Threei} so if this is how HIG trades now, then we should be able to get it around .20

[10:39] {dino} shaw big rinse

[10:43] {Threei} CRIC Update: IPO opens for trade at $12.28

[10:43] {Threei} China Real Estate Information Corporation

[10:44] {Threei} fess up mags

[10:44] {Threei} took 13 break?

[10:45] {Threei} that was so you

[10:45] {magoo} um no

[10:46] {magoo} my quotes are very bad

[10:46] {Threei} fine here... connection problem again?

[10:46] {magoo} dunno

[10:46] {magoo} we just had our box replaced

04[10:47] -} [magoo] PING

[10:47] {magoo} u not sticking qoutes?

[10:47] {dino} it's magoo's old 286 that hurts him

[10:47] {Threei} lol

[10:47] {Threei} no, quotes are good

[10:48] {strider} GRMN recovery?

[10:48] {Threei} not enough activity on it...

[10:48] {nemo} thought he had a dual floppy box

[10:49] {strider} I was trying to generate some :)

[10:49] {fernp} lol

[10:49] {Threei} lol

[10:49] {ese} l fslr .21

[10:49] {Threei} CRIVC is active

[10:49] {Threei} momo

[10:49] {Threei} CRIC

[10:50] {nemo} frickin' intc

[10:51] {strider} DRIV?

[10:51] {strider} I know, not enought activity

[10:52] {Threei} my favorite kinf of question

[10:52] {Threei} you ask it, tyou answer it

[10:52] {dino} may have bottomed nemo

[10:53] {dino} would be an all dayer w/hard stop imo

[10:54] {dino} syna holds well

[10:54] {Threei} that was my impression to dino... and thing actually started picking up buying

[10:54] {Threei} then sold off again

[10:55] {dino} would rather see big drop, then hit it long

[10:55] {dino} say 24.80s

[10:57] {dino} rovi heads into support

[10:57] {strider} QQQQ tripple bottom

[10:58] {Threei} not a lot of readable activity

[10:59] {dino} ktii -10 two days. thinny\

[10:59] {Threei} we had what, one working call for 20 cents, one for 10 and one stop for 6, and whole bunch of invalidated ones?

[11:00] {Threei} many invalidated setups is usually a sign of market changing its ways

[11:00] {dino} shaw holding well now, may re-try it\

[11:00] {fernp} I missed AIG, but reached my 1:1 in INTC :)

[11:00] {Threei} yeah, it touched on 1:1, but barely

[11:00] {fernp} hit .25

[11:00] {Threei} so could go either way depending on a trader

[11:01] {Threei} so you kind of compensated one by another

[11:01] {Threei} but for purity sake, I list it as a stop

[11:01] {Threei} HIG is getting there

[11:01] {ese} fslr stopped .50 -.71 1/2 lot

[11:01] {magoo} CRIC pulls back hard

[11:05] {dino} rimm sm l .00

[11:12] {fernp} im long .20 HIG w/stop under .10

[11:12] {ese} l rimm .07

[11:12] {ese} little late but will take it

[11:13] {larisa} RIMMs spike must be ese order :)

[11:13] {fernp} trying new things :)

[11:13] {ese} not this time

[11:13] {dino} back to old here

[11:14] {ese} went small like dino

[11:16] {fernp} 1:1 here

[11:16] {Threei} USEG...

[11:17] {Threei} this is nuclear energy realted one

[11:17] {Threei} uranium

[11:18] {dino} ros

[11:19] {ese} dino...you got a target for rimm

[11:20] {dino} .44

[11:20] {ese} tks was thinkin the samew thing .40 to .50's

[11:21] {dino} ros? can't find news

[11:22] {Threei} none

[11:22] {dino} can't get in either w/that spread

[11:22] {larisa} it is just russians come :)

[11:23] {magoo} out CRIC 14

[11:23] {magoo} + .50

[11:23] {Threei} I knew it

[11:23] {magoo} [11:01] {magoo} CRIC pulls back hard

[11:23] {Threei} RU) Russian state banks reportedly ready to lower loan rates

[11:23] {Threei} - Reportedly banks ready to cut rates to 8-12%

[11:23] {dino} rimm to flat, things dead

[11:24] {Threei} lol

[11:24] {magoo} IBM vad..low of day

[11:25] {dino} out rimm

[11:25] {bkhmd} Vad any news on URBN?

[11:25] {Threei} 06:03 URBN BofA/Merrill Lynch Resumed URBN with Buy, price target: $39

[11:26] {ese} rimm stopped

[11:26] {bkhmd} ty Vad

[11:26] {ese} .01 -.06

[11:26] {Threei} BAC tries to form C&H on 1 min

[11:26] {ese} not my day

[11:27] {dino} autcw

[11:27] {nemo} intc hit 2012..end of world

[11:27] {Threei} Long Setup: BAC .40 break

[11:27] {Threei} just a scalp most likely

[11:28] {Threei} stop for scalpers under .35

[11:28] {Threei} for day traders .30

[11:30] {magoo} l IBM .80

[11:30] {fernp} in BAC

[11:30] {ese} in bac .41

[11:31] {magoo} in bac

[11:32] {magoo} vad..read on GOOG..nice chart

[11:33] {Threei} breaky chart...

[11:33] {Threei} volatility is what yoyu can normally expect from GOOG though

[11:34] {ese} if bac can make it past .46 hod......could go for a litle

[11:35] {nemo} aig just lost .80

[11:35] {magoo} ibm no work

[11:36] {nemo} fcx just double topped, dropped and is now levelling or gonna' rise into resistance...might be a short setup

[11:41] {fernp} out HIG .40 2:1

[11:44] {ese} out bac -.05

[11:44] {strider} bcon gettin fried

[11:44] {nemo} somebody say bacon?

[11:45] {strider} pork city

[11:46] {Threei} nice work on HIG fern

[11:46] {fernp} ty

[11:47] {fernp} ese, BAC never lost .35

[11:51] {strider} aig caput

[11:51] {Threei} for late arrivals, and while market slowed down:

[11:51] {Threei} http://www.realitytrader.com/photography/2009/10/giant-pacific-octopus.html

[11:52] {nemo} yeah, lost .80 strider was important level over last week

[11:52] {Threei} CRIC

[11:52] {Threei} China Real Estate Information Corporation CEO: Priced the IPO at a discount in efforts to attract investment; sees real estate market in China in an 'upward trend' - TV interview

[11:52] {Threei} - Aiming to increase subscribers to 4K by the end of 2010

[11:52] {Threei} I think VRSK ceo could take a lesson or two from this guy

[11:52] {magoo} 4k??

[11:52] {magoo} in the context of 4 billion population

[11:53] {Threei} I don't know what he means by subscribers

[11:53] {nemo} It's an information/consulting service Ehouse runs one too

[11:53] {Threei} what's happening with AIG

[11:53] {nemo} lost .80

[11:54] {larisa} lol

[11:55] {strider} larisa is self-amusing

[11:56] {larisa} i wish i was :)

[12:09] {ese} well alrighty then L ener .85

[12:11] {ese} read that wrong it's .83 hmmmmm need glasses

[12:15] {Threei} market does look like bottomed for now, but I have hard time finding trading candidate

[12:15] {magoo} thats cause u are in a coma dreaming of fields of bacon

[12:16] {magoo} goog high

[12:16] {nemo} don't even know what to think about that

[12:16] {fernp} and it's friday and lunchtime

[12:16] {Threei} field of bacon eh

[12:16] {bkhmd} making me hungry

[12:16] {Threei} now that's something to try and envision

[12:17] {bkhmd} candidate for you on the long side Vad watch Coach COH wife says she is going to outlet store this weekend buy all u can buy now

[12:18] {ese} mags how do you trade goog full 1/2 1/4 lots ?

[12:18] {magoo} 400 shares

[12:19] {ese} would like to give it a try sometime with a 200

[12:33] {Threei} (US) CDC: Swine flu deaths are above epedimic levels, unprecedented for the month of Oct

[12:33] {Threei} - 86 children under 18 have died

[12:33] {Threei} - Monthly swine flu vaccine estimates won't be met; production of H1N1 vaccine for coming weeks has been delayed

[12:33] {Threei} - H1N1 is now widespread in 41 states, up from 37 last week

[12:37] {dawg} thank you ese for ener in .84 out .93

[12:39] {strider} goog ATR 9.50 :)

[12:39] {ese} your welcome....am gonna ride this for a bit

[12:39] {dawg} yes looks like its heading higher alright

[12:41] {ese} ya .....i'm likin the look of the 15 min chart

[12:42] {ese} who knows though......the way my days goin

[12:44] {dino} dsw

[12:46] {larisa} next time vad says "what's happening with AIG", I buy all I can :)

[12:47] {Threei} well... I promised to do the same with your HIG mentions and what did you do?

[12:47] {Threei} you stopped mentioning it!

[12:48] {Threei} so... do I reciprocate and never ever mention AIG anymore?

[12:49] {larisa} i guess so

[13:00] {Threei} QDEL Reports Q3 $0.50 v $0.27e, R$56.2M v $40.7Me

[13:00] {Threei} halted

[13:05] {strider} why would they halt that?

[13:09] {Threei} some companies request halt before earnings announcement

[13:13] {strider} thx

[13:13] {strider} I thought it was only done on bad news

[13:13] {Threei} Long Setup: HIG .30 break

[13:13] {nemo} C&H aig

[13:14] {fernp} stop Vad?

[13:14] {Threei} .20 or .15

[13:14] {Threei} nice spot nemo

[13:15] {nemo} sorry...a little late

[13:18] {Threei} MSFT Balmer: Optimistic about economy (26.30, -0.41, -1.54%)

[13:21] {fernp} ty Vad

[13:21] {Threei} :)

[13:23] {bkhmd} thanks Vad

[13:23] {Threei} sure thing

[13:28] {ese} out ener .02 +.19 pieced it out 15k

[13:28] {fernp} gj ese

[13:28] {ese} tks

[13:29] {ese} have a great weekend all

[13:29] {ese} gotta go

[13:29] {fernp} bye ese

[13:29] {bkhmd} good weekend Ese

[13:29] {strider} see ya, ese

[13:29] {ese} cya fern bk st

[13:29] {strider} I'm leavin early also. Stopped at lunch with a good day.

[13:29] {Threei} wtg ese

[13:30] {magoo} IBM vad..read?

[13:30] {Threei} AIG works after nice pullback right back into trigger

[13:30] {Threei} and HIG hit over 1:1 for traders and 1:2 for scalpers

[13:30] {Threei} no mags

[13:30] {magoo} how about GS?

[13:31] {Threei} up from here

[13:31] {Threei} but no stryucture to the play

[13:32] {Threei} we spotted the trurnaround in the market just right

[13:32] {Threei} not many essy to follow candidates, but did get some,

[13:32] {Threei} and avoided attempts to short at what would turn to be a day's low

[13:33] {strider} See y'all Monday.

[13:36] {magoo} c u strider

[13:36] {Threei} take care strider

[13:37] {lasertrev} later strider

[13:43] {magoo} out hig .58 ty boss

[13:44] {Threei} :)

[13:48] {Threei} went for GS?

[13:50] {magoo} no

[13:50] {magoo} nice read tho

[13:51] {magoo} entry was a lil vague he he

[13:51] {Threei} a lil? :)

[13:51] {Threei} it was as vague as it can be

[13:51] {Threei} next to "buy it somwhere"

[13:58] {dino} giddy up shaw

[13:59] {dino} .00 wall

[14:02] {dino} stop to .90

[14:03] {dino} stopped +.40

[14:20] {bkhmd} read on BAC anyone?

[14:20] {Threei} sure

[14:20] {Threei} first is B

[14:20] {Threei} then A

[14:20] {Threei} unlike normal way where A would be dfirst and B second

[14:20] {Threei} but then C on it's normal placw

[14:21] {Threei} this is my comvoluted way to say stay away from it

[14:21] {bkhmd} tc

[14:21] {bkhmd} ty*

[14:22] {Threei} if you think it's too convoluted, don't forget: I am being case-hardned in everyday's communication with nemo and magoo

[14:22] {dino} vmi to .15

[14:22] {nemo} aig break of .35?

[14:23] {Threei} rather yes than no, but kind of 51/49

[14:23] {dino} to .25

[14:23] {nemo} let me try

[14:23] {nemo} A

[14:23] {dino} out +.50 ave

[14:23] {nemo} I

[14:23] {nemo} G

[14:23] {Threei} there... you can do it

[14:23] {Threei} wtg dino

[14:23] {dino} that sucker was tough

[14:26] {nemo} seems like every thing moving w/market

[14:27] {patience} .

[14:30] {dino} ..

[14:30] {dino} ;)

[14:31] {patience} :)

[14:32] {Threei} \|/

[14:33] {dino} ;-)

[14:33] {dino} esi good drop

[14:33] {Threei} men can think of it as roof TV antenna, women as of flower

[14:34] {dino} i saw a pitchfork

[14:34] {Threei} that works too

[14:34] {magoo} i saw a, um...er..female body part lol

[14:34] {nemo} wow

[14:35] {nemo} I saw Vad's horns

[14:35] {Threei} Martha Stewart Living Omnimedia Inc Dropping K-Mart and Sears relationships

[14:35] {Threei} magoo... I guess some people will see that in any drawing...

[14:36] {Threei} just like shrinks - whatever you show them, they see Rorshach ink spots

[14:36] {nemo} No...that's what the charts look like that Dino picks

[14:37] {Threei} Home Depot would launch exclusive MSO brand available at all stores beginning Jan 2010.

[14:37] {Threei} Market Internals update at 2:00pmET

[14:37] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 3.1:1.

[14:37] {Threei} - NASDAQ volume 1.43B shares, about 2% below its three-month average; decliners lead advancers by 1.9:1.

[14:37] {Threei} - VIX index -0.75% to just over 21.50

[14:37] {nemo} that's weird

[14:38] {Threei} Microsoft Corp CEO Ballmer: Optimistic about economy; not so optimistic on stock market

[14:38] {Threei} - Says businesses will be slow to hire or invest.

[14:38] {Threei} - Believes MSFT has performed well in competition with Apple; likes MSFT's 96% market share versus Apple's 4%; competition makes everyone sharp.

[14:38] {Threei} - Expenses will increase at a slower rate in new economy.

[14:38] {Threei} - Says mobile smart phone market still in infancy.

[14:38] {dino} martha stewart osb, 2x4s, t-111

[14:39] {Threei} lol

[14:40] {nemo} hate t-111

[14:40] {nemo} doesn't hold paint for diddly-squat

[14:41] {dino} use stain

[14:41] {nemo} true

[14:41] {dino} vinyl preferred

[14:41] {dino} it's final

[14:41] {nemo} most vinyl siding looks like crap

[14:42] {Threei} things I learn here...

[14:42] {dino} hmmmmm, mr big bucks

[14:43] {larisa} nemo you sound like my hubby

[14:43] {nemo} hig breaking out on 5 minute

[14:43] {nemo} hardly

[14:43] {nemo} so rip or rot Vad?

06[14:43] * nemo channels magoo

[14:43] {Threei} neither...

[14:44] {Threei} sideways

[14:44] {nemo} most frustration to the most people...makes sense

[14:47] {dino} frustration incorporated

[14:47] {nemo} How'd you know about my last relationship?

[14:48] {dino} good tune

[14:48] {Threei} we just look at you

[14:48] {nemo} who did it?

[14:48] {nemo} not worthy of how far I stuck out my chin, Vad...

[14:48] {Threei} probably not... but it's Friday

[14:49] {Threei} bar is lower

[14:49] {nemo} true...

[14:49] {dino} i forget nemo, something about misery loves company

[14:49] {Threei} also, there is that concept of pre-emptive strike

[14:49] {nemo} Ahhh....Bush Doctrine

[14:49] {dino} no 3i obama is taking that option off

[14:50] {dino} so don't fear reta;iation

[14:50] {Threei} I know, that's why I do my part to preserve what I can

[14:50] {dino} ;=l

[14:50] {Threei} at least in this room pre-emptive greetings will be allowed

[14:51] {nemo} Bye Lari

[14:51] {Threei} someone connects in the morning - you say hi to him before he does

[14:51] {Threei} there... nemo'

[14:51] {Threei} s practicing

[14:51] {nemo} just call me Pavlov's

[14:51] {Threei} now... is it a safe bet that on Monday nemo'll do something deserving a trout?

[14:52] {dino} you dog

[14:52] {nemo} maybe I won't show up...

[14:52] {Threei} why would you want to do that?

[14:53] {nemo} avoid a trouting

[14:53] {Threei} all the more reasons for pre=emptive trouting TODAY

[14:53] {nemo} aig short?

[14:53] {Threei} can't tell

[14:53] {nemo} you can now

[14:54] {Threei} AIG doesn't have much connection with market today

[14:54] {dino} cryp l .02 stop .94\

[14:54] {nemo} Mmmmmhhhh...makes me think.....ow!

[14:55] {nemo} Anyway, if not connected to market, then does it just trade on it's own pattern?

[14:55] {nemo} Thus, don't look at the market for clues

[14:55] {dino} its the tree falling in woods thing

[14:56] {Threei} that's the problem,

[14:56] {Threei} it largely trades with no patterns today

[14:56] {Threei} sometimes something shapes up

[14:56] {Threei} but mostly it's random

[14:56] {nemo} yeah, except around that .80 level

[14:56] {Threei} yes,

[14:56] {nemo} bounced off it, then once it broke boom

[14:56] {Threei} and the one where you asked about long

[14:56] {nemo} moth

[14:57] {nemo} had forgotton about that one

[14:58] {dino} what do you have w/ one moth ball here...........................and here?

[14:58] {nemo} I give up

[14:59] {dino} pretty big moth

[14:59] {nemo} oy

[14:59] {Threei} lol

[14:59] {Raven} +

[15:00] {dino} lol i woke up raven

[15:00] {nemo} wow,,,guess he has a pulse

[15:00] {larisa} best joke for today.. {cough}

[15:00] {nemo} hehehehe

[15:00] {dino} ty

[15:00] {Threei} which one?

[15:00] {nemo} the only one

[15:00] {nemo} the rest were comments either patronizing or denigrating...standard fare for this asylum

[15:01] {Threei} we pride ourselves in being generally obnoxious nemo

[15:01] {Threei} Ok... I do

[15:01] {nemo} obviously...else why would you let me stay...my nature fits...and I'm an easy target

[15:02] {dino} two beavers swimming in river, hit concrete wall, one looks at other and says, "dam"

[15:02] {nemo} you still in Hig Vad?

[15:02] {nemo} oy

[15:02] {Threei} no

[15:03] {Threei} nah dino... moth still has a prize

[15:03] {Threei} I am still giggling

[15:03] {larisa} right :)

[15:03] {dino} ok, i am done

[15:03] {Threei} hard to top that :)

[15:03] {Raven} I don't get it

[15:04] {nemo} go back to the roost Raven...

[15:04] {nemo} besides...you'll only ruin your patrician sensibilities

[15:05] {Raven} I am diurnal ... do not roost during day

[15:05] {nemo} o.k. so, crepuscular also?

[15:05] {nemo} frickin hig

[15:05] {Raven} I am not a pervert\

[15:06] {nemo} oy

[15:06] {dino} protest too much?

[15:06] {Raven} lol

[15:06] {nemo} yeah hit a sensitive spot

[15:07] {Raven} {---------- circling nemo

06[15:07] * nemo crawls in cave....closes door...grabs double barrel shotgun...pulls blanket over head...grabs teddy

[15:08] {nemo} aig toying with a drop again...can't rea this one though

[15:09] {Threei} 41 break...

[15:10] {Threei} if stays below .10-.15

[15:10] {magoo} sigh..whats wrong w/u today

[15:10] {larisa} on what?

[15:10] {magoo} 41?

[15:10] {Threei} 43

[15:10] {Threei} AIG

[15:10] {nemo} yeah...put the bottle away

[15:13] {dino} esi sm l .42

[15:15] {nemo} spy did it again...look at the trendline on the 5 min since the lows

[15:16] {nemo} as a matter of fact, the slope last 4 days on the spy is remarkably consistent

[15:16] {fernp} have a nice weekend everybody. be good. see u all on monday.

[15:17] {dino} cya fern

[15:17] {Threei} take care fern, have a good one

[15:17] {bkhmd} later Fern

[15:17] {magoo} fern:)

[15:19] {dino} cryp stopped .98-.04\

[15:20] {Threei} 1:1

[15:24] {Threei} wtching HIG again

[15:26] {Threei} 1:2 AIG

[15:27] {Threei} QDEL is about to open

[15:28] {Threei} huge earning/revenue beat

[15:28] {Threei} oh sorry, opened already

[15:28] {larisa} for looong time :)

[15:28] {Threei} yeah, read wrong line

[15:35] {dino} rovi

[15:35] {dino} dsw hl l .70

[15:38] {larisa} -100 or +20 finish ?

[15:38] {dino} -20

[15:38] {Threei} -20

[15:38] {larisa} nah

[15:38] {nemo} psitive

[15:47] {magoo} -99

[15:48] {Threei} BAC Reportedly House panel to hold hearings on BoA/Merrill merger next Thrs (17.31, -0.79, -4.36%)

[15:48] {larisa} men are wierd, 2 choices, they pick everything else.. one picks not even number..

[15:49] {Threei} lol

[15:49] {Threei} this is second best today

[15:49] {Threei} right after the moth

[15:50] {larisa} sigh

[15:50] {dino} out dsw .76, +.06

[15:51] {bkhmd} Hig Bounce?

[15:52] {Threei} yes but 8 min till close...

[15:52] {bkhmd} ahhhhhhhhhhhhhhh

[15:52] {bkhmd} need to set an alarm clock

[15:52] {bkhmd} lol

[15:58] {bkhmd} good wekend all

[15:59] {bkhmd} thanks for the lesson vad

[15:59] {Threei} about watch??

[15:59] {nemo} alarm clock

[15:59] {bkhmd} lol

[15:59] {Threei} thank you all guys

[15:59] {Threei} a bit turbulent week

[15:59] {Threei} and larisa was closer to the right number

[15:59] {bkhmd} better week ahead perhaps

[16:00] {nemo} frickin optimists

[16:00] {Threei} lol

[16:00] {Threei} havce a good weekend

[16:00] {Threei} see you on Monday

[16:00] {larisa} bye :)

[16:00] {magoo} u 2 vad

[16:00] {lasertrev} have a good weekend everyone

[16:00] {nemo} cya

[16:20] {dino} later all, have a good one

Oct 15 2009

Somewhat listless day. Some things worked, some didn't, ended roughly about flat.

Session Time: Thu Oct 15 00:00:00 2009

[07:40] {KSystems} important news in an hour?

[07:59] {magoo} morning

[08:07] {magoo} cap'n:)

[08:07] {nemo} sir :)

[08:08] {magoo} im looking to grab a bounce scalp out of GS

[08:08] {nemo} That's what I would expect :)

[08:13] {nemo} Dunedin

[08:14] {nemo} you get that one mags?

[08:18] {magoo} firstsign of strength

[08:18] {magoo} .90 in

[08:18] {magoo} small

[08:19] {magoo} 500 sh

[08:26] {Threei} US) Former Fed Chairman Greenspan: US firms have cut too many workers, likely to need to add more

[08:26] {Threei} - Seeing a "remarkable collapse" in risk spreads.

[08:26] {Threei} - Economies are on the rise world wide.

[08:27] {Threei} cut too may and likely to add more?

[08:27] {nemo} his predictions have been so spot on...not

[08:27] {KSystems} morning to you too Vad :D

[08:27] {Threei} yeah, that/// morning

[08:27] {nemo} Gruss di' K

[08:28] {Threei} (US) Many US financial firms are on track to pay their employees about $140B in 2009 (+20% y/y), which would be a record high - WSJ

[08:28] {Threei} - The data relates to workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges.

[08:28] {magoo} no work

[08:29] {nemo} no

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 514K V 520KE; CONTINUING CLAIMS: 5.992M V 6.000ME

[08:31] {bkhmd} that is good info

[08:32] {nemo} marginally better

[08:32] {nemo} These things always get revised and usually worse

[08:38] {magoo} i was 1 point early

[08:39] {nemo} yeah...how big your stop?

[08:39] {magoo} .50

[08:40] {nemo} where'd you enter?

[08:41] {magoo} so..sel;ling BLOWOUT numbers...so GUN to VADS head here....odds are goog sells off after report

[08:41] {magoo} 186.90

[08:42] {magoo} [08:18] {magoo} firstsign of strength

[08:42] {magoo} [08:19] {magoo} .90 in

[08:42] {magoo} [08:19] {magoo} small

[08:42] {magoo} [08:19] {magoo} 500 sh

[08:42] {nemo} what have the tech's been doing. intc-lukewarm response overall rimm-nothing to write home about. Google is an advertising company-what it does on the report, I don't know, but sell-off would be my bet

[08:43] {magoo} goog will post blow out numbers

[08:43] {magoo} but gauging reaction is what threatens vads life

[08:44] {nemo} I don't doubt it...so didn't GS, JPM, I