Nov 30 2009

Nice day with a few relatively easy wins. Second half of the day was mostly inactive as we misread the market somewhat and preferred to stay on a sideline instead of pushing for the plays that didn't match our scenarios. Opted for some educational discussions instead.

Session Time: Mon Nov 30 00:00:00 2009

[08:04] {nemo} Hola Fern

[08:04] {nemo} mornin' bird

[08:05] {nemo} jm :)

[08:11] {Raven} {---

[08:11] {nemo} you have such a passion for understatement

[08:11] {Raven} :)

[08:12] {nemo} Your last name wouldn't be Coolidge by any chance?

[08:13] {Raven} sigh

[08:58] {strider} .

[08:58] {Les} good point

[08:58] {Les} good afternoon

[08:58] {strider} stale joke.

[08:59] {strider} morning, les

[08:59] {strider} morning here

[08:59] {Threei} Moody's: Dubai World restructuring unlikely to threaten sovereign credit ratings of UAE and Abu Dhabi

[08:59] {Threei} - " The adverse impact of a Dubai World restructuring on the non-hydrocarbon sectors of the domestic economy could potentially be severe, especially in Dubai. However, overall macro-economic stability is protected by the country's strong net external creditor position that is bolstered by Abu Dhabi's accumulated oil wealth. "

[08:59] {Threei} ***Reminder: On Nov 25 -S&P downgrades multiple Dubai based Govt entities

[09:00] {fernp} Good morning everybody

[09:00] {Threei} fern :)

[09:00] {Threei} magoo may be interested to know:

[09:00] {Threei} MAGS Reports Q3 -$0.07 v -$0.33 y/y, R$17.7M v $15.4M y/y (3.53, 0.00, 0.00%)

[09:01] {ese} morning

[09:01] {Threei} ese :)

[09:01] {Threei} BLTXX Baltic Dry Bulk Index declines by over 2% (7th straight decline

[09:02] {ese} friday was the 7th straight decline? or today as well

[09:03] {Threei} news says today

[09:03] {Threei} I refuse to count them myself, trying to cover the fact that I can count to 3 only

[09:04] {ese} ya me as well

[09:04] {Les} in good mood are we vad? :)

[09:04] {Les} sardonic self deprecation suggests yes

[09:07] {ese} my Bltxx stocks are mostly even to up.......we'll see

[09:07] {Threei} I'd say usual mood, lol

[09:08] {Moose} gm

[09:08] {Threei} Good morning moose, welcome to the room

[09:08] {Moose} thx

[09:08] {ese} moooooose........welcome

[09:09] {Moose} thx much

[09:11] {Moose} I assume all alerts and msgs displayed in #floor are also displayed in this channel also?

[09:11] {Threei} yes

[09:11] {Threei} mine are

[09:11] {Moose} great

[09:11] {Threei} comments by the rest of the room stay in here only

[09:12] {Threei} so you have area to read everytyhinbg and area to read my comments without clutter

[09:12] {Moose} so this is the place to be :)

[09:12] {larisa} gm :)

[09:12] {Threei} I firmly believe so yes

[09:12] {Threei} larisa :)

[09:13] {larisa} :)

[09:15] {BillyD} GM all

[09:15] {ese} definitely the place to be moose.......

[09:15] {Threei} billy :)

[09:17] {strider} good morning from the foot of the Blue Ridge.

[09:17] {Threei} strider :)

[09:17] {Threei} good thing it's not Blue Bridge

[09:17] {Threei} that's whwere homeless and drug addicts gather in Victoria

[09:18] {strider} No. You can keep those.

[09:18] {ese} ST.......wheres the Blue Ridge?......Blue ridge mountains?

[09:19] {ese} Tenn.....right?

[09:19] {strider} Was born in east Tenn........live in western NC now.

[09:20] {ese} cool.....hope to make it there to golf one day

[09:21] {Moose} my wife and i spent a couple of days on Vancouver Island... neat place

[09:21] {Moose} esp. Victoria

[09:22] {strider} You still holding some DRYS, ese?

[09:22] {ese} thats where vad patience and i are

[09:22] {ese} yes Long at .23

[09:22] {Moose} hard to bet wife to leave Buchart Gardens :)

[09:23] {Moose} get

[09:23] {strider} I'm at .42. Wish I'd got out over 7 awhile back.

[09:23] {Threei} I have anual pass there moose :)

[09:23] {ese} it's fantastic in there......even now in the winter months....don't know how they do it

[09:23] {Moose} nice

[09:24] {Threei} photographer's paradize

[09:24] {ese} it's heading back there ST

[09:24] {Threei} okay guys

[09:24] {Threei} no clear opening plays

[09:25] {Threei} as it often happens on Mondays, things feel shaky and a bit hangoverish,

[09:25] {Threei} especially considering holiday beofre and Friday's shock of Dubai events

[09:25] {Threei} at this points it feel to me like the most probable scenario is:

[09:25] {ese} I was long .47 last round ST..........should have gotten out over 7 but exited in high .80's and low .90's

[09:25] {Threei} small initial selloff, not cery deep,

[09:25] {Threei} rally,

[09:26] {Threei} stall,

[09:26] {Threei} inactive period with slow slide, just a tad

[09:26] {Threei} inactive finish

[09:26] {Threei} that's working assumption...

[09:26] {Threei} we will se how it materializes

[09:27] {ese} seed flooding my scanners

[09:27] {Moose} SEED active

[09:27] {Threei} yeah, this thing just won't calm down

[09:28] {Threei} Citron's ramblings on Wed are being dismissed so far

[09:28] {Threei} reminder

[09:28] {Threei} Wednesday, November 25, 2009 10:33:25 AM

[09:28] {Threei} Origen Agritech Ltd. Citron Research making cautious comments (timing uncertain)

[09:28] {Threei} - Citron notes that the company is not profitable, and predicts its "products will become just another agricultural alternative that will get commoditized away."

[09:29] {Threei} the toy looks too good for traders

[09:29] {ese} 1 out of 5 so far vad.....seems like bit of a sell off to start

[09:31] {Threei} let's see if we get shallow pullback, then 12 break on SEED

[09:31] {Threei} risky as all momos are, but has potential to turn into big play

[09:32] {Moose} geeze

[09:32] {Threei} if you lost your mind and went for SEED, feel free to take profit

[09:32] {ese} rats....missed the 12 break

[09:32] {lasertrev} gm

[09:32] {Threei} trev :)

[09:32] {ese} LT

[09:33] {nemo} $ has recovered big from premarket

[09:33] {Threei} OK{ here comes my initial selloff

[09:33] {ese} look at that thing........crazy

[09:33] {Threei} let's see if market stabilizes and provides us with bounce plays

[09:34] {Threei} WFC is long candidate

[09:34] {Threei} Long Setup: WFC .45 break

[09:34] {Threei} stop under .35 for scalpers, .30 for day traders

[09:35] {ese} l wfc ..44

[09:35] {Threei} 1:1 for scalpers

[09:35] {fernp} ty

[09:35] {Threei} 1:1 for day traders

[09:35] {Threei} and over

[09:35] {ese} out wfc .66

[09:35] {Threei} 1:2

[09:35] {Threei} take profit as you see fit

[09:36] {Threei} that was easy

[09:36] {strider} out +.12, +.24

[09:36] {strider} thx

[09:36] {Threei} welcome sir

[09:36] {ese} +.22 15k of the little buggars.....tks vad

[09:36] {Threei} 15K eh

[09:36] {Threei} welcome

[09:36] {Threei} nice start to the week

[09:37] {Moose} i caught that one also (in SIM) :)

[09:37] {strider} what platfrom you using, moose?

[09:37] {Moose} TS

[09:37] {ese} i'm happy

[09:37] {Threei} yikes

[09:38] {Threei} CAAS??

[09:38] {Threei} no news that I see

[09:38] {Moose} wow... crazy

[09:38] {strider} no news here

[09:39] {strider} positive comments

[09:39] {Moose} SIGA

[09:40] {Threei} looked at SIGA around .50, couldn't bring myself to call it

[09:40] {Threei} too thin

[09:40] {Moose} ic

[09:40] {Les} aig in play today. more derivative scares?

[09:41] {Les} or derivatives issues bringing it back to life

[09:41] {Threei} latter is more like it, yeah

[09:42] {Les} derivatives - a scalpers best friend...

[09:42] {Threei} OK, rally is about to start

[09:42] {Threei} part 2 in progress

[09:42] {strider} Chicago PMI in 3 min.

[09:42] {nemo} spy positive

[09:43] {ese} had intial buy of 5k vad for wfc and when i realized it was going to take off did 2 more.....the avg fill was good i thought .44 then 3 sells.....

[09:44] {Threei} Long Setup: WFC /70 break if stays above .60

[09:44] {ese} moomentum on X and sales was dead give away i thought

[09:45] {Threei} NOV CHICAGO PURCHASING MANAGERS INDEX: 56.1 V 53.0E (HIGHEST SINCE AUG 2008)

[09:45] {fernp} WFC stop?

[09:45] {Threei} if stays above .60

[09:48] {Threei} market is hesitant

[09:48] {Threei} WFC wants up like crazy

[09:48] {nemo} yeah, that news didn't do anything

[09:48] {Threei} but needs market's help

[09:49] {Threei} if works, won't be a scalp for me, intend to partial

[09:49] {Threei} AIG UPDATE: Bernstein cuts price target to $12 from $20; maintains underperform rating

[09:49] {Threei} lol

[09:49] {Threei} embodiment of irrelevance

[09:49] {ese} Ok so now i would'nt feel comforable with wfc........X and sales not going nuts like before.......am i missing something

[09:50] {Threei} market hesitance is holding it back ese

[09:50] {nemo} $ hasn't moved since the open

[09:50] {Les} so stall and inactivity has begun only 20 mins after opening?

[09:51] {Threei} SEED new high

[09:51] {ese} what are you looking at for the $ nemo

[09:51] {Threei} I'd expect more upward move before we stall for the day Les

[09:51] {nemo} uup

[09:51] {Moose} and UDN for inverse

[09:53] {ese} tks......

[09:54] {Threei} if you have too much WFC exposure, maybe cut it down a bit

[09:54] {nemo} yeah, lookin' short here

[09:55] {Moose} i chickened out and bailed

[09:55] {Les} damn. sold the lot by accident

[09:55] {Threei} short? no way

[09:55] {Threei} salmon

[09:55] {Threei} DNDN Hearing strength attributed to renewed takeover chatter (27.76, +0.52, 1.91%)

[09:55] {Threei} rfemember I said last week, DNDN next runner on rumors?? :)

[09:56] {Threei} magoo joked about buying

[09:56] {nemo} actually he said "IN"

[09:56] {Threei} yup

[09:56] {fernp} APOL happy

[09:56] {Threei} these rumor bunker guys become predictable

[09:57] {Les} well give us the next t akeover rumour Vad, so we can go long :)

[09:57] {Threei} ummm... VVUS?

[09:57] {Threei} nah

[09:57] {Threei} ENER is more likely

[09:58] {strider} moving my WFC stop to .64

[09:59] {ese} L cat .06

[09:59] {strider} N. Am Purchasing manager's report at 10

[10:00] {Threei} speaking of ENER... 10.10 break is valid scalp setup if market rallies a bit

[10:00] {Threei} 10 loss is valid short setup too

[10:01] {ese} out cat .18 +.12

[10:01] {Threei} US) Nov Milwaukee NAPM: 57.0 v 50.0 prior

[10:01] {Threei} *highest read since Sept 2009

[10:01] {fernp} gj

[10:01] {fernp} ese

[10:01] {Les} on fire today ese

[10:01] {ese} tks

[10:02] {ese} good start ....time to pare down......no sense in taking anymore risk today

[10:03] {ese} just watching a swing long position in drys now

[10:04] {ese} nemo.....how do you use the uup and udn for market direction?

[10:05] {nemo} The $ has been directly inversely correlated to market direction since the spring

[10:05] {Moose} dollar up -- mkt down

[10:05] {Threei} WFC 1:1, half out for me

[10:05] {Moose} dollar down -- mkt up

[10:05] {fernp} ty

[10:05] {Moose} sometimes :)

[10:05] {Threei} welcome

[10:05] {strider} out +.11 WFC

[10:05] {ese} tks

[10:05] {ese} seems sinple enough

[10:05] {ese} simple

[10:06] {nemo} won't last forever, but. Just put up a comparison of $ to SPY

[10:06] {Threei} what they don't tell you ese, for thbe market direction they roll dice... UUP they just watch to look all scientific

[10:06] {Threei} ENER 1:1

[10:06] {ese} ahhhhhhhhh haaaaaaaaaa!

[10:06] {Les} is that asceding triangle in SEED?

[10:07] {Threei} Goldman: US Banks have recogized approximately 2/3 of expected losses in current cycle

[10:07] {Threei} out ENER in full

[10:07] {Threei} .25

[10:07] {nemo} Yeah, but will there be another new cycle of losses

[10:07] {Threei} that's 3 for 3 so far if not count crazy SEED call

[10:08] {Threei} here comes myrally

[10:08] {ese} hard to believe somebody actually made some money in ener

[10:08] {ese} took that one of my monitors just last week......was driving me crazy

[10:13] {strider} CLWT

[10:15] {Threei} another one with no news whatsoever

[10:15] {Threei} unless I miss something

[10:15] {strider} Rumor: Euro Tech Holdings moves higher on unit IPO speculation

[10:15] {Threei} AMZN 52 week highs

[10:16] {strider} Rumor: Euro Tech Holdings moves higher on unit IPO speculation

[10:16] {strider} Shares of Euro Tech Holdings are trading higher on speculation the company may IPO its Blue Sky unit, a provider of design and general contract services for the treatment of waste gases in China. :theflyonthewall.com

[10:16] {strider} CLWT

[10:17] {Threei} waste gases eh

[10:17] {Threei} no comments please

[10:17] {strider} I thought that was relevant to this group.

[10:17] {strider} too late.

[10:17] {Threei} lol

[10:17] {Moose} lol

[10:17] {Raven} {}

[10:18] {strider} At least we're not stooping to cow tipping jokes....

[10:18] {strider} yet

[10:18] {Les} CAT consolidating for a long entry?

[10:19] {Threei} second half WFC stopped

[10:19] {Threei} ecerything is les

[10:19] {Threei} AMZN too

[10:19] {Threei} I am not vert jazzed about buying breakouts here

[10:20] {Threei} stall is more likely than break and go

[10:20] {strider} VPRT

[10:20] {strider} wide

[10:22] {Moose} ZGEN slow creep upwards

[10:22] {strider} DRWI

[10:23] {strider} S

[10:24] {strider} never mind.

[10:25] {strider} Moose...I need to warn you...Nemo shoots large animals.

[10:26] {Moose} yike!

[10:26] {Moose} s

[10:26] {Threei} and dino and magoo are on deer hunt this week

[10:28] {Moose} do most ppl use this Mibbit thingie or mIRC?

[10:28] {strider} mIRC takes less real estate

[10:29] {Moose} plus can set sound alerts

[10:29] {Moose} haven't used it in years but may have to go back to it

[10:30] {ese} for cryiny out *&^&^% loud..........another stupid mistake......last week i buy one by accident and now this week ebay.....thought i had a limit buy for .65........see it taking off ...can't figure why i'm not in. stupidly had entered .55 and it never made it dn there

[10:32] {Threei} *(US) NOV DALLAS FED MANUFACTURING ACTIVITY: 0.3% V 0.0%E

[10:32] {Threei} - No revisions

[10:32] {Threei} *First positive reading since Oct 2007

[10:34] {ese} this is a good thing

[10:35] {nemo} kinda' except the US doesn't make anything anymore

[10:35] {Moose} is WFC trying for b/o ?

[10:36] {Threei} I'd stay away

[10:36] {Threei} this is not a compelling play anymore

[10:36] {Moose} ok thx

[10:36] {ese} lots of intellectual property nemo.......great explanation of that in a book called "RUNNING WITH THE BULLS" ......Kessler is the author

[10:37] {Threei} a bit up, a bit down... we want those that yell at us from the screen "buy me NOW"

[10:37] {nemo} yes, but asia could give a rats derriere about intellectual property rights

[10:37] {nemo} besides, jobs will be the big issue here

[10:37] {ese} thats because they don't have any

[10:38] {nemo} they just take it and don't care

[10:38] {Moose} HEAT geeze

[10:38] {larisa} AIG pace pick up

[10:39] {Threei} Market Internals update at 10:30amET

[10:39] {Threei} - NYSE volume 200M shares, about 28% below its three-month average; advancers lead decliners by 1.1:1.

[10:39] {Threei} - NASDAQ volume 400M shares, about 27% below its three-month average; decliners lead advancers by 1.5:1.

[10:39] {Threei} - VIX index -0.9% to just over 24.50

[10:40] {Moose} HEAT may have created some bag holders

[10:44] {Threei} http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/global_warming_consensus_garbage_in_garbage_out

[10:45] {strider} Long sm. EEV, .77, for swing trade

[10:46] {strider} ultrad short emerging markets

[10:46] {Threei} all of them? or some specific ones?

[10:46] {strider} no clue

[10:47] {strider} all,, I think

[10:47] {strider} MSCI product

[10:47] {larisa} yea, index

[10:50] {Les} bac short vad?

[10:51] {Les} but limited range

[10:52] {Threei} don't see much potential here

[10:53] {BillyD} watching RIMM for potential short off 59

[10:54] {BillyD} liked AIG short, but stop too wide

[10:55] {larisa} 30 break you wanted?

[10:55] {BillyD} yes

[10:56] {larisa} I was scared at these levels, put up a fight, could snap back to 31 in a sec

[10:56] {Threei} Congressional Budget Office (CBO) forecasting US Senate healthcare bill to increase non group insurance premiums +10-13% in 2016

[10:57] {Threei} (IA) Iranian Nuclear Chief: Does not wish to exit NPT (non-proliferation treaty)

[10:57] {Threei} ***Reminder: On Nov 29 -Iran Govt approves plans to build 10 new uranium enrichment plants of approximate size of current Natanz facility - Iran state media

[10:57] {Threei} *note: Only four recognized sovereign states are not parties to the treaty: India, Israel, Pakistan and North Korea

[10:57] {Threei} *note: Iran has been in technical violation of treaty since 2003

[10:58] {BillyD} lol

[10:58] {BillyD} RIMM works

[10:59] {BillyD} ENER may be a short if breaks 10

[11:00] {BillyD} stays under .10

[11:01] {Moose} now what?

[11:03] {strider} AIG daily gap in 25-27 range

[11:05] {fernp} FITB long consolidation at hod. could be a beatiful capture for TTR-2 :-)

[11:05] {Threei} lol

[11:05] {Threei} I like it

[11:12] {Threei} Fed to conduct small scale tri-party reverse repo tests in the coming weeks; does not represent monetary policy change

[11:12] {Threei} - operations to be conducted with primary dealers, and are designed as 'advance planning.'

[11:12] {Threei} - operations are being conducted to ensure operational readiness at the Federal Reserve, the tri-party repo clearing banks, and the primary dealers. The operations have been designed to have no material impact on the availability of reserves or on market rates. Specifically, the aggregate amount of outstanding transactions will be very small relative to the level of excess reserves, and the transactions will be conducted at current market rates.

[11:14] {Threei} this pullback is much deeper than I expected

[11:14] {Threei} we may be headed for breakdown

[11:15] {Moose} SOMX on tear

[11:15] {Threei} not jumping to any conclusions yet but eyeing possible setup on QID

[11:16] {Threei} no news that I see on SOMX

[11:18] {Threei} can't make up my mind on QID

[11:19] {nemo} no clean consolidation

[11:20] {Threei} most of all, I just don't get this feeling that the market is ready to break down decisively

[11:27] {strider} can you cross from long to short (or vice-versa) in one trade...Laser?

[11:28] {nemo} yes

[11:28] {BillyD} I believe so

[11:28] {nemo} buy 400 then sell 800...done it by mistake a few times

[11:28] {strider} :)

[11:28] {nemo} heavy trigger finger

[11:28] {larisa} me too :)

[11:29] {strider} keep nemo away from the SA colts

[11:29] {nemo} Sig man

[11:29] {Moose} QID ?

[11:29] {Threei} .50 was the trigger for it

[11:29] {Threei} no chasing

[11:30] {Threei} let's try to play it differently

[11:30] {Threei} conceervative entry

[11:30] {Threei} dive into .45 - .58 area

[11:30] {Threei} for long entry

[11:30] {strider} .48?

[11:30] {Moose} ok

[11:30] {Threei} yes

[11:31] {Threei} if it got away, so be it

[11:33] {strider} RIMM bounce?

[11:34] {fernp} Market new lows and FITB still on highs

[11:34] {Threei} 50/50 RIMM

[11:39] {nemo} awiav

[11:39] {nemo} ?

[11:39] {Threei} we are in deep thoughts

[11:41] {strider} Vad

[11:41] {strider} Vad's started using the royal plural.

[11:41] {strider} "We are...."

[11:41] {Threei} well, the question is about we

[11:41] {nemo} the group

[11:41] {nemo} Are We In Anything Vad

[11:41] {Threei} so I keep things uniform

[11:42] {Threei} also, just so no one has any illusions, my deep thoughts is my code for coma

[11:43] {nemo} what is your code for "alcoholic stupor"

[11:43] {strider} I was thinking of looking up the Jack Handey quotes..

[11:43] {Threei} I don't have any nemo

[11:43] {nemo} oh

[11:46] {strider} MPEL

[11:49] {Threei} MPEL Hearing Morgan Stanley upgrades rating to Overweight (timing uncertain) (4.27, +0.15, 3.64%)

[11:51] {Threei} boredom reigns

[11:51] {nemo} it's raining too

[11:52] {Threei} with three out of three and one contemplated but missed, I am comfortable sitting and waiting for something to shape up

[11:52] {Threei} and if magoo were here, he would have taken that SEED and I could claim 4 for 4

[11:53] {strider} AIG in constricted range

[11:54] {Threei} AIG had quite a few nice breakdowns...

[11:54] {Threei} look at 1 min

[11:54] {Threei} 32 break

[11:55] {Threei} 31,50 break

[11:55] {Threei} 30 break

[11:55] {Threei} all were nice valid setups

[11:55] {nemo} I got shaken out on an aggressive break just above 30

[11:55] {nemo} stop was .05 too tight

[11:56] {Threei} ugh

[11:56] {Threei} forgot about ENER 10 breakdown

[11:57] {Threei} I need memory improving drug... but I forget to take it

[11:57] {BillyD} stepped away for water and missed it vad

[11:57] {BillyD} but took the .90 short for scalp

[11:57] {Threei} your excuse is better tha miine Billy

[11:57] {Threei} mind if I borrow it?

[11:57] {BillyD} sure....lol

[11:58] {Threei} :)

[11:58] {BillyD} Vad, I even walked brislkly for the water not too miss

[11:58] {BillyD} briskly

[11:58] {Threei} ok, my will be sophisticated when I need it:

[11:59] {Threei} I walked up to grab Billy's water, but he was faster and got it before I did so I spent more time searching for it, and missed thje play

[11:59] {nemo} yeah..boredom

[11:59] {BillyD} rofl

[12:00] {Moose} nap time?

[12:00] {nemo} Moose sleep on their feet?

[12:00] {Moose} dang

[12:00] {Threei} yes but be ready to wake up on moment's notice

[12:00] {strider} that's when nemo likes to shoot them.

[12:00] {nemo} yep

[12:00] {Moose} lol

[12:00] {nemo} moose meat....good

[12:01] {nemo} don't shoot them too far from the road though

[12:01] {Threei} Market Internals update at 12:00pmET

[12:01] {Threei} - NYSE volume 370M shares, about 24% below its three-month average; decliners lead advancers by 2.7:1.

[12:01] {Threei} - NASDAQ volume 790M shares, about 21% below its three-month average; decliners lead advancers by 2.3:1.

[12:01] {Threei} - VIX index +2% to just under 25.50

[12:01] {Moose} don't worry... they're usually right in middle of road... :)

[12:01] {nemo} yep

[12:02] {nemo} saw one chasing deer away from a salt pile up in Maine once...pretty funny

[12:02] {nemo} ornery critters

[12:03] {Threei} don't put SEED to far away

[12:03] {Threei} thing is holding well

[12:03] {Threei} may turn out just waiting for the activity to return

[12:04] {Moose} i recently joined Moose International fraternity... thus the Moose nick... heh

[12:04] {nemo} never heard of it

[12:04] {Moose} http://www.mooseintl.org/public/default.asp

[12:04] {strider} Oh great, now they're getting organized.

[12:05] {strider} What would a moose frat party be like?

[12:05] {Moose} we have a local lodge ... bar, kitchen, ballroom... etc... fun

[12:05] {Moose} strider... old guys mostly

[12:05] {strider} well, I wouldn't know anything about that.

[12:06] {fernp} I have to leave you early today. Have a good evening everybody and see you all tomorrow.

[12:06] {strider} I knew an old guy once...

[12:06] {Threei} take care fern

[12:06] {strider} see ya fern.

[12:07] {strider} seed

[12:08] {Threei} really... teenagers strider and I, we just frolic in our seething youtfulness

[12:08] {strider} yeah, that's right......don't know about the frolicking though.

[12:09] {strider} Sounds sinister.

[12:09] {Threei} ok, you pick the verb

[12:09] {strider} prowling.

[12:10] {Threei} just avoid those "slooowly getting up from the bench, with cane in hands"... that would give away too much

[12:10] {ese} zzzzzzzzzzzzzzzzz....sknort guzzzzzzz............ahhheemmmmm.....zzzzzzzzzzzzzzzzz

[12:11] {strider} SPY dbl bottom

[12:13] {Threei} two discretionary calls, only for those who want action and don't mind 50/50 plays

[12:13] {Threei} Long Setup: SEED .15 break if stays above 12

[12:13] {Threei} Long Setup: RIMM .20 break if stays above 58

[12:14] {nemo} mmmhhhh...lunchtime plays

[12:18] {strider} out 1/2 RIMM

[12:19] {strider} out balance b/e

[12:22] {strider} kgc upgrade, larisa

[12:23] {larisa} ty, why are you telling me though ? :)

[12:23] {strider} Don't you trade gold?

[12:24] {patience} i am in it strider

[12:24] {strider} Or is that patience?

[12:24] {patience} it has been a salmon all day

[12:24] {strider} Ah, you girls look so much alike.

[12:24] {larisa} lol

[12:24] {patience} only in the dark

[12:24] {strider} no comment.

[12:24] {nemo} me neither

[12:24] {nemo} Fastballs right down the middle

[12:25] {strider} think SEED might be ready again, vad?

[12:26] {Threei} no setup

[12:26] {strider} you still in RIMM?

[12:27] {Threei} yes

[12:27] {Les} scalp only or are you looking for market to pick up this arvo?

[12:28] {nemo} what's an "arvo"?

[12:28] {Threei} I've no idea

[12:28] {Threei} this is not your nornmal play, this is kind of "gimmie some lunch money"

[12:28] {Les} british/australian english vernacular for afternoon

[12:29] {Les} oh crap, I would have taken already had I known that. ok.

[12:33] {Les} stopped

[12:33] {nemo} yeah...lunchtime trades

[12:33] {Threei} strider played it right

[12:33] {Moose} 3i... ever been to "point no point"?

[12:34] {nemo} Hope he doesn't hurt his shoulder

[12:34] {Threei} what's that?

[12:34] {larisa} resort in your area :)

[12:34] {Moose} a place on your island

[12:34] {Threei} hmmm

[12:35] {Threei} no

[12:35] {Threei} whcih area?

[12:35] {Moose} wow

[12:35] {Moose} west of Vict

[12:35] {Moose} nw

[12:35] {Threei} Sooke

[12:35] {Threei} been there many times

[12:35] {Threei} just not in that particular resort

[12:36] {Moose} great little cafe there with whale watching

[12:36] {Moose} SEED blastoff

[12:38] {nemo} stocks are weak, it's not taking much to push them over, when lunch is over could be interesting afternoon

[12:38] {Threei} MTXX Discloses SEC advised company that probe has been completed; no enforcement action to be recommended - filing dated 11/24

[12:38] {Threei} - related to June 16, 2009 warning letter issued to the Company by the FDA. (4.20, +0.22, 5.53%)

[12:38] {nemo} btw...wfc seems to be forming a bear flag range

[12:42] {Les} thanks for the tipoff moose on your cabins there. I now have place to stay when we visit vancouver island. very nice

[12:43] {Threei} it's a separate destination Les... not a place to stay while exploring Victoria

[12:43] {Threei} a bit too long drive

[12:44] {Threei} and the road is not exactly for the faint heart

[12:45] {patience} incredible location though moose

[12:46] {Les} you calling me "faint of heart"? :)

[12:46] {Threei} just giving you lay of the land

[12:46] {Threei} windy narrow road

[12:46] {Les} lol, you need to come out back of my place then

[12:47] {Threei} no need - I survived road to Hana

[12:48] {Les} Only Hana I could find...http://www.myvideo.ch/watch/1363017/germanys_next_topmodel_hana

[12:48] {Threei} http://en.wikipedia.org/wiki/Hana_Highway

[12:49] {Moose} back... yep, Vancouver Island is full of neato places

[12:49] {Moose} unfortunatly, I'm in Tennessee.. heh

[12:50] {strider} Brother!

[12:50] {nemo} There are no moose in Tennessee

[12:50] {Moose} lol

[12:50] {strider} a lot of turkeys, though.

[12:50] {Moose} i beg your pardon... lol

[12:51] {strider} Moose, I was born in Elizabethton.

[12:51] {Moose} thats barely in TN :)

[12:52] {strider} State of Franklin.

[12:52] {Moose} nice area

[12:52] {nemo} she's a nihilist les

[12:52] {Moose} i'm over in the flat muddy western part of TN

[12:53] {strider} Should be annexed by Arkansas.

[12:53] {strider} :)

[12:53] {Les} didn't even look Nemo. unfortunately Google insists on giving me German language search response

[12:53] {Les} cause I live in switzerland

[12:53] {nemo} go to google usa

[12:54] {Les} i enter search criteria straight into address bar

[12:54] {Les} only default of google chrome

[12:54] {strider} Memphis area really should be a state all to itself.

[12:54] {nemo} oh...firefox

[12:54] {Les} Vad, RIMM support at .75?

[12:54] {Moose} with prison walls

[12:54] {Les} bounce play?

[12:54] {strider} yeah.. state of anarchy.

[12:54] {Moose} lol

[12:55] {Threei} support yes... bounce off it or breakdown - no way to tell

[12:55] {Moose} nah, Memphis has some cool things to see and do

[12:55] {Moose} BBQ

[12:56] {strider} Buddy of mine owns Rangemaster, in Memphis. I go there to shoot sometimes.

[12:56] {Moose} nice

[12:57] {Moose} bbl... lunch

[12:57] {strider} RIMM sure is looking like a b/d

[12:58] {Threei} SEED is chewing through resistances

[12:59] {Threei} anyone went for it?

[12:59] {Les} I chose the wrong horse

[12:59] {Les} figured the larger, more stately steed as the surer bet...

[13:00] {Threei} don't try to rationalize either choice les, both were 50/50

[13:00] {Les} I shorting RIMM vad, you wait until .50 is triggered (low of the day)?

[13:00] {Threei} could be easy other way around

[13:00] {Les} If

[13:01] {Threei} it's breaking support right here

[13:01] {Threei} .50 is 25 cents away, how can you tell in what way it gets there

[13:01] {Les} yeh but still suspiscious of seed as momo play

[13:01] {Threei} if it drops sharply into .50, will you short it there?

[13:01] {Les} no

[13:02] {Threei} there you go

[13:02] {Threei} price alone is not enough to answer the question

[13:02] {Les} ok, so .75 is legit support setup to play from?

[13:03] {Threei} again - if you don't mind 50/50 play

[13:03] {Threei} market just doens't do anything here

[13:03] {Threei} meaning, it can do anything next moment

[13:03] {Les} that's fine. I get to ask questions and do dinner instead of staring at screen

[13:04] {Threei} thus, market followers like RIMM will be just as random

[13:04] {Les} ok. want to ask you if you play poker or bridge?

[13:04] {Les} starting to see your setups as poker game

[13:04] {Threei} oh, and I don't know why I am wasting time here, a box with 15 millions in cash will be delivered to me by UPS from Bank of Afrika if I only send them:

[13:05] {Threei} 1.YOUR FULL NAME

[13:05] {Threei} 2.YOUR HOME ADDRESS.

[13:05] {Threei} 3.YOUR CURRENT HOME TELEPHONE NUMBER.

[13:05] {Threei} 4.YOUR CURRENT OFFICE TELEPHONE.

[13:05] {Threei} 5.A COPY OF YOUR PICTURE

[13:05] {Les} so, what are you waiting for?

[13:05] {Threei} nothing, quickly sending

[13:05] {Threei} and btw, it's not my spelling, email does say Afrika

[13:06] {nemo} south africa

[13:06] {nemo} Afrikaans

[13:06] {Les} reading other day that quantum physicists are no longer in vogue in wall st, now poker players are being sought for trading

[13:06] {nemo} yep

[13:06] {Threei} what's the analogy here Les?

[13:08] {Threei} reason I ask:

[13:08] {Threei} there are valid analogies between trading gambling, and there are meaningless ones

[13:08] {Threei} I often hear this comparison,

[13:08] {Les} able to press bets when moment is right

[13:08] {Les} discipline, patience...

[13:09] {Threei} but there is no way to tell whether one who cites it underdtands where real analogies are until he explains

[13:09] {Les} ah no, not that patience

[13:09] {Les} understanding of probabilities. do you need maths to play poker?

[13:09] {Threei} there was a mopvie describing a professional gambler approach

[13:09] {Threei} which hit many things right on

[13:09] {nemo} 21

[13:09] {Threei} Rounders

[13:09] {nemo} oh yeah, Matt Damon

[13:09] {Threei} yup

[13:09] {nemo} good movie

[13:10] {Les} 21 is name of movie?

[13:10] {nemo} bad accent on Malkovich

[13:10] {nemo} 21 was about the MIT students

[13:10] {Threei} speaking of movies... we forgot to ask fern how he liked 2012

[13:10] {Threei} to put it short,

[13:11] {Threei} those who liken trading to gambling in a sense that you just make your bets and hope for luck have no idea what they are talking about

[13:11] {Les} ah no, not at all the analogy i was reading

[13:11] {strider} lelap

[13:11] {Threei} those who see similarities in spotting the odds and patterns in those games where there are such

[13:11] {nemo} "why does everyone say 'good luck' when you tell them you're going to Vegas?"

[13:11] {strider} LESP

[13:11] {strider} damn

[13:11] {Threei} and utilize them with steel discipline

[13:11] {strider} LEAP

[13:12] {Threei} LEAP Hearing Dealreporter speculating that LEAP could be a target for PCS

[13:12] {Threei} those got it right

[13:12] {Threei} US Treasury's Barr: US mortgage plan has already shown progress, but banks must now "do their part" on loan programs

[13:12] {Threei} - Barr and TARP chief Allison are meeting with large loan servicers today

[13:24] {strider} AMZN up from 95 to 135 in 6 weeks.

[13:26] {Threei} LEAP still trying

[13:27] {BillyD} spikey one

[13:27] {nemo} aapl break of .50 could be interesting

[13:30] {Les} CAT recovering

[13:30] {Threei} http://realitytrader.com/vad/PB284309.jpg

[13:30] {Les} ascending triangle CAT?

[13:30] {Threei} more or less

[13:31] {Threei} 58 was cleaner trigger

[13:31] {Threei} don't chase

[13:31] {BillyD} your desk photo Vad?

[13:31] {Threei} yeah

[13:32] {BillyD} got enough electronic gizmos?

[13:32] {Threei} lol

[13:32] {Threei} he who dies with the most toys dies happy

[13:33] {BillyD} yeah, especially with that dinosaur monitor

[13:33] {Threei} no kidding - darn thing just won't diw

[13:33] {BillyD} good paper weight

[13:33] {strider} Hey! I resemble that remark.

[13:33] {Threei} rofl

[13:34] {strider} I don't have to heat my house in winter because of those things.

[13:34] {BillyD} lol

[13:34] {Threei} it's on reserve computer, I don't need anything but basic things on it,

[13:34] {Threei} so CRT, no matter how old, will do while it's working

[13:34] {Threei} it's 6 years old

[13:35] {Threei} and it doesn't give me ay reasong to throw it out

[13:35] {BillyD} go dump it in nemo's front yard

[13:35] {BillyD} and say Merry Xmas

[13:35] {Threei} uhhu

[13:36] {Threei} let me pick someone without rifle on his lap for that

[13:36] {nemo} was sighting in the muzzleloader yesterday

[13:36] {ese} anyone here ever play penny stocks.......i'm reffering to PEIX in particular

[13:37] {nemo} RIMM C&H (sorta') forming

[13:37] {Threei} can ypu believe it's that same PEIX thast used to be a darling of ethanol plays?

[13:38] {Threei} trading in 20s, 30s

[13:38] {ese} ya i know

[13:38] {Les} FAZ at support. b/d?

[13:38] {Threei} sic transit gloria mundi

[13:38] {Les} forget it

[13:38] {patience} made 46k on peix

[13:38] {ese} been following it for a long time.........news looks positive for it and it looks like it could be on the mend

[13:38] {strider} ese, I've got one that I keep to remind me of my blown stop days.

[13:39] {strider} REAL

[13:39] {patience} sold it around 46 bucks

[13:39] {patience} i should go look at the chart

[13:39] {ese} Peix patience

[13:39] {Threei} just make sure you are OK with nightmares for a week after looking at that chart

[13:39] {patience} held it for weeks, wasn't a scalp :)

[13:39] {strider} REAL is a deal...only .013 per share.

[13:40] {ese} ya a real deal!

[13:40] {strider} How much you want?

[13:40] {ese} nothing yet.......it's been on my radar for about 3/4 yrs

[13:41] {ese} peix that is

[13:41] {strider} Damn. Thought I had a buyer.

[13:41] {patience} ese, it was the hot stock in hot sector

[13:41] {patience} notice i don't trade it anymore

[13:41] {ese} yup

[13:42] {ese} what can i say....time on my hands this morning.......looking around to much

[13:42] {Threei} investors graves are scatterted all along the PEIX chart

[13:42] {Threei} I know the look of these charts

[13:43] {Threei} it's a typical progression

[13:43] {Threei} ah it's such a great sector, idea, company

[13:43] {ese} wheres it headed vad?

[13:43] {Threei} oh they shake out weka hands

[13:43] {Threei} they won't fool me

[13:43] {Threei} they are not getting my shares cheap

[13:43] {Threei} OK, too late to sell it now

[13:43] {Threei} might as well hold it

[13:44] {Threei} hey, it's a great buying opporetunity, I think I'll get more

[13:44] {BillyD} it's gonna come back

[13:44] {Threei} damn, they just won't let it move

[13:44] {Threei} it's gonna come back, we have oil shrtage

[13:44] {Threei} farmers won't let it die

[13:45] {patience} oil is gonna stall at 100

[13:45] {Threei} politicians will support it

[13:45] {BillyD} best one: it can't go any lower

[13:45] {Threei} yes, that

[13:45] {Threei} it can't go any lower

[13:45] {Threei} OK{ it goesa into my special account, my grandchildren will thank me some day

[13:45] {strider} hahahahaha

[13:45] {nemo} nuva vad

[13:46] {Les} I had brief experience of this action playing with Spongetech

[13:46] {patience} related to spongebob?

[13:46] {nemo} rim shot please

[13:46] {patience} sorry, i am getting bored

[13:47] {nemo} take a nap

[13:47] {strider} NUVA cc at 5:30

[13:47] {patience} can't, i have 2 trades open

[13:47] {strider} scratch..was 5 days zgo.

[13:47] {strider} sorry. Old info.

[13:47] {Threei} NUVA looks right nemo

06[13:47] * strider slaps strider around a bit with a large CALENDAR

[13:48] {strider} stop at .40?

[13:49] {Threei} just under yes

[13:51] {strider} out +.14, thanks nemo

[13:52] {nemo} yw

[13:52] {nemo} thank Vad...He gave it the "In Nomine Patre"

[13:54] {Threei} lol

[13:55] {strider} Patri

[13:55] {nemo} thanks, I forget

[13:55] {Threei} Billy, to your comment about my desk:

[13:55] {Threei} 'If a cluttered desk is the sign of a cluttered mind, what is the significance of a clean desk?'

[13:55] {strider} empty mind

[13:55] {nemo} a lobatomy?

[13:56] {strider} actually, it's patris. genitive case

[13:56] {nemo} yep

[13:56] {strider} pater,, patris, patri, patrem, patre... can someone check me on that.

[13:57] {nemo} google it

[13:57] {strider} I WILL NOT!

[13:57] {nemo} fine

[13:57] {nemo} My latin texts are in a box in the attic

[13:58] {nemo} then there's the problem of which attic

[13:58] {strider} Mine are on a shelf right behind me.

[13:58] {nemo} wtf

[14:00] {strider} Quid fute!

[14:00] {Threei} SEED sharp dibe

[14:01] {Threei} dive

[14:01] {Les} ah someone mentioned the desk. thought it best to keep my own counsel on that clutter

[14:01] {Moose} no kidding

[14:01] {Threei} Market Internals update at 2:00pmET

[14:01] {Threei} - NYSE volume 540M shares, about 24% below its three-month average; decliners lead advancers by 1.5:1.

[14:01] {Threei} - NASDAQ volume 1.15B shares, about 21% below its three-month average; decliners lead advancers by 1.7:1.

[14:01] {Threei} - VIX index +1% to just over 25.00

[14:01] {nemo} I was think 12.32 short, but thought this momo play dangerous

[14:03] {larisa} looked at dt too. potential was not much though

[14:04] {BillyD} Vad to your desk comment: the mind is only as good as the navigator

[14:05] {Threei} for cosmo it'd mean Nestcape

[14:05] {BillyD} lol

[14:06] {Threei} I think he was using long after everyone on Earth forgot the very name, lol

[14:06] {strider} PLA

[14:07] {strider} the bunny play

[14:13] {Moose} now what?

[14:13] {nemo} what what?

[14:19] {nemo} RIMM C&H

[14:20] {Threei} remember our Friday QLTI play?

[14:20] {Threei} thing is alive again

[14:20] {nemo} I wasn't here

[14:20] {BillyD} took it off screen earlier

[14:21] {Threei} CAAS momo...

[14:21] {Threei} I wish it was not so thin

[14:21] {BillyD} yeah

[14:21] {BillyD} and jumpy

[14:21] {BillyD} pace changer

[14:30] {Moose} do we have a list of "usual suspects" watched daily?

[14:30] {Threei} yes but it's changing

[14:31] {Threei} for instance HIG used to be on the list for quite a while

[14:31] {Threei} then it started misbehaving

[14:31] {Moose} where can I obtain the list?

[14:32] {Moose} list here maybe :)

[14:32] {Threei} I am very tgempted to come up with this huge misterious story

[14:32] {Moose} lol

[14:32] {Threei} about list being locked in a case chained to someone's hand

[14:32] {Threei} guarded by hiredninja

[14:32] {Moose} a russian guy?

[14:33] {Threei} but... RIMM, AIG, CAT,

[14:33] {Threei} momo plays that come and go

[14:33] {Threei} HIG, SEED, NLST

[14:33] {Les} I've only been here a month Moose and the names have changed

[14:33] {Threei} now and then some stocks stay with us for weeks

[14:33] {Threei} or days

[14:33] {Moose} ok thx

[14:34] {Threei} like last summer favorite, UAUA

[14:34] {Threei} or last fall DRYS

[14:34] {Threei} and I was this close to calling AIG tghe love of my life

[14:34] {Moose} heh

[14:34] {Threei} when darn thing changed its ways on me

[14:35] {Les} will we get to play some more reverse splits next year (or whatever they call what they did to AIG during summer)?

[14:36] {Threei} if they decide to revive the likes of C, FRE, FNM...

[14:36] {Threei} ABK

[14:37] {Threei} look at CAAS

[14:37] {Threei} momo is momo is momo

[14:38] {Moose} both ways!

[14:40] {Les} what's AIG doing Vad? bounce and more breakdown?

[14:40] {Threei} reverse split is two-sided coin...

[14:40] {Threei} more oiften than not it;'s a kiss of death

[14:40] {Threei} I have no idea les

[14:41] {Threei} you want me to predcit what happens next

[14:41] {Threei} that's not how my thinking works

[14:41] {Threei} well, providing I have any

[14:41] {Les} no, just wondering if you can see ticker movement

[14:41] {Threei} I see it

[14:41] {Threei} how does it allow to answer your question?

[14:41] {Les} aah a comedian

[14:42] {Threei} better think what else is there in what I said, aside from standing joke

[14:42] {Les} dunno. has it bottomed out?

[14:43] {Threei} let's try again

[14:43] {Threei} ticker shows what happens this very second,

[14:43] {Threei} chart shows what happened before

[14:43] {nemo} could play short double bottom or break long, but it's staying udner trend lines les

[14:43] {Les} thank you nemo

[14:43] {Les} :P

[14:43] {Threei} you ask what is going to happen next

[14:43] {Threei} but I don't think in these terms at all

[14:44] {nemo} probabilities, no certainties

[14:44] {nemo} like marriage

[14:44] {Threei} I use chart and ticker in order to spot recognizable situation

[14:44] {Threei} and I have pre-canned reposnses

[14:44] {Threei} to those situations

[14:44] {Threei} whatever happens - happens, it doesn't matter

[14:44] {Threei} call it fatalistic trading

[14:44] {Threei} my responses are built on odds

[14:45] {Threei} in a long run those odds will work for me

[14:45] {nemo} don't call yourself odd, Vad...

[14:45] {Threei} without guarantee of success in any given case.

[14:45] {Threei} just being honest nemo

[14:45] {Les} yes I sh

[14:45] {nemo} it's what it implies about me

[14:45] {Les} yes I should know that now

[14:45] {nemo} fcx very close to support here

[14:46] {Les} I have your 7 setups pasted on the table

[14:46] {Threei} see now why I have troubles answering what AIG is doing, oputting bottom, or justg bouncing before breaking down again?

[14:46] {Threei} now,

[14:46] {Threei} let me show you how the question should be shaped up

[14:46] {Threei} so I could answer it

[14:46] {Threei} in terms of my way of thinking.

[14:46] {Threei} what sghould AIG do for this to be a bounce or a breakout?

[14:47] {Threei} and here is my immediate answer, as it would be a few minutes back:

[14:47] {Threei} consolidate under .45, let's say not losing .30, and break .45 - and we have a long play

[14:47] {Threei} or

[14:47] {nemo} we're getting volume characteristics for db here

[14:48] {Threei} return under .30,

[14:48] {Threei} consolidate between .30 and .15

[14:48] {Threei} and break .15 for a short play

[14:48] {Threei} see now how this way of thinking works les?

[14:48] {Threei} and becomes instructional?

[14:49] {Threei} it takes you our of realm of prediction

[14:49] {Les} y. so can we play it?

[14:49] {larisa} lol

[14:49] {Threei} and gets you into universe of standard responses to standard situations

[14:49] {nemo} and don't forget the market

[14:49] {Threei} where you stay a detached observer

[14:49] {Threei} cold as cucumber

[14:49] {Threei} emotionally I mean

[14:50] {nemo} well, I've been described as "unhinged"

[14:50] {nemo} is that detached?

[14:50] {strider} good call nemo.

[14:50] {nemo} on what? self reference?

[14:50] {larisa} on FCX :)

[14:50] {strider} fcx

[14:50] {Threei} that's how "trade what tyou see, not what you think" manifests itself in your actions

[14:50] {nemo} oh, shit, I was paying attention to vad

[14:51] {Moose} lol

[14:51] {Threei} by now you should know better nemo

[14:51] {larisa} me too, missed AIG at .15 for scalp :) vad needs to keep quiet

06[14:51] * nemo never heard a moose laugh before

[14:51] {Threei} sorry

[14:51] {Threei} I will

[14:51] {Threei} from now on

[14:51] {larisa} lol

[14:51] {nemo} rotfl

06[14:51] * Threei shuts up fo the week

[14:51] {strider} oh, no. Now he's gonna wanta go home.

[14:52] {nemo} nice going Lari

[14:52] {Moose} :/

[14:53] {larisa} it was a joke btw vad, do not hope for break like that :)

[14:53] {Les} sorry. money lost due to my needs. Will buy a round of drinks when I make it to Bahamas

[14:53] {nemo} you hurt his feelings...he's sensitive

[14:53] {Threei} sorry Larisa, too late - I have no sense of humor

06[14:53] * nemo passes vad a tissue

[14:53] {Threei} and yes, I am very sensitive... sniff sniff

06[14:54] * Threei looks around from under his palm to see if his act is being bought

[14:54] {nemo} interesting, market weakened, but aig holding

[14:54] {Moose} SEED

[14:55] {Threei} it's not holding nemo, it's consol,idating

[14:55] {nemo} fine

[14:55] {nemo} tomato tomahhhhto

[15:00] {Moose} test

[15:00] {Threei} SEED is quite something

[15:07] {BillyD} can't seem to nail the one explosive move on it

[15:08] {BillyD} or any move for the most part

[15:09] {Threei} no other way to do it but get a feel

[15:09] {Threei} they don't obey technicals

[15:10] {nemo} actually, seed gave to beauties off 12.25 and .65 look at the volume configurations

[15:12] {Threei} true

[15:12] {nemo} ty

[15:13] {Threei} see, I better do what I promise and shut up

[15:13] {nemo} of course, one would question the validity of such a setup when the stock has been momo

[15:16] {Les} cat

[15:17] {Les} ignored CAT upper range movement to my detriment. Thought it was going to drop back down.

[15:18] {Les} ah I see spy exploding

[15:18] {larisa} momo players use technical indicators too, i would think. i do not believe they trade with their feelings only, it would be hard :) "Momentum" indicators do exist.

[15:18] {nemo} does Mags have feelings?

[15:18] {larisa} this is what i am thinking about :)

[15:18] {larisa} not sure how he trades

[15:19] {Threei} anyone finding the way to read such plays, feel free to share

[15:19] {BillyD} darts...lol

[15:20] {Threei} to me precise in what I see as major difficulty with them:

[15:20] {Threei} to be

[15:20] {Threei} they most often spikes out of nowhere after quiet period of sitting near some support level

[15:20] {Threei} in practice it means that in order to be in such play early,

[15:21] {Threei} you have to enter before any momentum indicator shows anything

[15:21] {Threei} and the sheer speed of those spikes is such that no sane amoun t of chasing is possible

[15:22] {Threei} remember we discusased this manner of spiking on AIG a week or two ago?

[15:22] {Threei} then SEED did pretty much the same quite a feww times

[15:22] {Threei} including today,

[15:22] {Threei} 14:37 and on

[15:23] {BillyD} AMZN

[15:24] {strider} For the magoo plays, would be helpful to enter early, and set stops on both sides of trade.

[15:24] {strider} auto stops

[15:24] {strider} ??

[15:26] {Threei} I am at loss about how to answer it

[15:26] {strider} Did I say something stupid?

[15:26] {Threei} no

[15:26] {Threei} I mean

[15:26] {Threei} I see no obvious connection between these plays and auto stops,

[15:27] {nemo} that was a fat pitch

[15:27] {Threei} and I see the most difficulty with how to find the right entry

[15:27] {Threei} which is not connected to auto stops

[15:27] {strider} oh yeah...there's that.

[15:27] {Threei} so either I don't understand what connection you mean

[15:27] {Les} vad, AMZN!

[15:28] {nemo} or it's as he said

[15:28] {Threei} or you are trying to resolve something other than what I see as main problem

[15:28] {strider} Well, I guess I see the big problem as being getting out on a spike, up or down.

[15:28] {strider} The kind that last half a second.

[15:28] {strider} That's just my particular weakness right now.

[15:29] {strider} Taking the money while it's available.

[15:29] {Threei} magoo solves it by laying out his exit in advance

[15:29] {strider} IOW, putting an offer in.

[15:29] {Threei} but it's not even the only way to do it

[15:29] {strider} ?

[15:29] {Threei} yes

[15:29] {Threei} try this:

[15:30] {Threei} let's say you feel tou are happy with exit at .20,

[15:30] {Threei} stock is spiking into there

[15:30] {Threei} you have price in your ordr bar at .10

[15:30] {Threei} and cursor hovering over Sell

[15:30] {Threei} Limit sell of course

[15:30] {Threei} stock is spiking to .20 and pausing

[15:30] {Threei} you click

[15:31] {Threei} you will swipe .19, .18

[15:31] {Threei} if it's not pausing you don't click

[15:31] {Threei} but you are just as rfeady, and the moment it stalls you click

[15:31] {Threei} wherever it happens

[15:32] {strider} OK} if you're that far away from inside market with your order when you click, why not just use market order?

[15:32] {strider} Will it make a differencce?

[15:33] {Threei} seriosly willing to risk the situation where if you are just a tad late, bids get pulled and you get filled at .00, only to see it immeiately spiking back to .10?

[15:33] {Threei} I don't suggest 10 cents per se,

[15:33] {Threei} I am describing situation where you buy at .10

[15:33] {Threei} stock spikes very fast

[15:33] {Threei} so you don't even have tiome to change the price

[15:34] {Threei} btw, look at another SEED spike from 13.20

[15:34] {Threei} vertical from there... I really don't see any indicator helping with that

[15:39] {larisa} around 15:30?

[15:40] {strider} All I see is that there's really no enthusiasm for selling.

[15:40] {strider} Hence an upside bias.

[15:42] {Threei} yes larisa

[15:42] {strider} my comment refers to the few minutes prior to the spike.

[15:42] {nemo} I just see volume gradually increasing into the price rise, and then it hops up over the bb ma

[15:49] {nemo} stt and hig goosed out of nowhere

[15:50] {Moose} BUCY making nice move up

[15:52] {Les} the jig is up on this session. night all.

[15:53] {Moose} adios Les

[15:53] {Threei} take care Les

[15:54] {Moose} scalped a little BUCY

[15:56] {Threei} okay guys, not too bad start for the week

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {nemo} c u

[15:57] {Moose} thanks to you

[15:57] {Moose} cya

[15:57] {strider} thanks vad...

[15:57] {larisa} bye :)

[15:57] {lasertrev} see ya Vad

Nov 27 2009

Early bird registration discount for the Bahamas conference runs till November 30. Register here!

Short session worked out for us with three nice and easy scalps: QLTI long, FAZ long, FAZ short... Relaxed way to finish the week and go into weekend.

Session Time: Fri Nov 27 00:00:00 2009

[08:19] {BillyD} GM all

[08:34] {strider} anybody awake?

[08:34] {BillyD} here S

[08:36] {strider} Hi billy

[08:37] {strider} fxp

[08:37] {strider} sorry..wrong keyboard

[08:44] {Les} morning.

[08:45] {Les} or afternoon, depending on your persuasion

[08:47] {Les} so, not such a boring day after all...

[08:50] {Threei} Good morning

[08:51] {Threei} BLTXX UPDATE: Baltic Dry Bulk Index: drops 3.5% (6th straight decline)

[08:51] {strider} morning vad........erp

[08:51] {Threei} wow, 3.5

[08:51] {Threei} strider :)

[08:51] {Threei} JP) Japan Strategy Min: Japanese govt and BoJ will deal with the yen currency together

[08:51] {Threei} - says BoJ recognizes Japanese deflation and knows what to do about it

[08:51] {Threei} good for them

[08:51] {Threei} noone else does

[08:52] {Threei} (FR) France PM Fillon: Resources in Dubai region will ensure problems do not become a second crisis; current issue in Dubai is a continuation of old issues

[08:52] {Threei} (GE) Germany Bundesbank Exec: Economy will 'barely' grow after the year 2020

[08:52] {Threei} hmmm

[08:53] {Threei} what is it going to do between now and then ?

[08:53] {fernp} Good morning everybody

[08:53] {Threei} fern :)

[08:53] {Threei} USD/UAH (UA) Ukraine Dept Central Banker: Could purchase USD in efforts to avoid volatile currency gains

[08:54] {Threei} beautiful... their buying of all of 6 dollars they can buy will rwally support USD

[08:54] {Les} well they can siphon off Russian gas illegally to buy US dollars?

[08:55] {Threei} yes, that may lift their purchasing power to $6.72

[08:55] {Threei} IA) IAEA Envoy: Patience is running low with Iran; cannot continue repeated rounds of unsubstantiated talks

[08:56] {Threei} US) Retail Analyst Dana Telsey: Forecasts holiday sales "flat to slightly up" this year -CNBC

[08:56] {Threei} - Notes that "Black Friday" sets the tone for the holidays

[08:56] {Threei} (IA) Iran says UN resolution jeopardizes condusive environment for discussions

[08:56] {Threei} - Iran will reduce 'goodwill gestures' with IAEA inspectors; studying other options for Tehran research reactor

[08:57] {Les} hmm Ukraine looks like good value in curreny exchange. Anything you can suggest we should go see in Ukraine?

[09:01] {Threei} well... Kiev is a nice city, some of ancient monasteries

[09:02] {Threei} famous Kiev-Pecher Lavra

[09:03] {Les} ouch. the flights aren't cheap though...

[09:04] {Les} bloody european airlines, charge an arm and a leg

[09:04] {Threei} you are kidding

[09:04] {Les} Ukraine got an airline?

[09:04] {Threei} in Canada it's a common knowledge that ours are the most expensive, and Europian ones are cited as example of cheap onwe

[09:04] {Les} ha

[09:05] {Threei} they do

[09:05] {Les} I want to travel to the US, if naught else you can get good flight deals with the US airline industry

[09:05] {Les} during off peak periods

[09:05] {Threei} US used to be cheap

[09:05] {Les} waiting for $ to go somewhat lower

[09:06] {Threei} not anymore, there are a lot of fees and charges for every sneeze

[09:06] {Les} common pheonomena here as well

[09:06] {Les} how do you look at today's opening?

[09:06] {Les} PPT markup coming?

[09:06] {Threei} with passing interest

[09:06] {Les} or big selloff?

[09:06] {Threei} why PPT?

[09:07] {Threei} I mean, is there buying that is not of PPT making?

[09:07] {Threei} or any time market gets bought it must be PPT?

[09:09] {Les} thinking more along lines of maintaining confidence

[09:09] {Threei} just interesting how everyone thinks PPT is capable of anything

[09:10] {Threei} and attributes to it any time dropping market gets bought

[09:10] {Threei} if they really had such overarching powers, how come we got such a brutal selloff a year ago?

[09:10] {Threei} destroying confidence, capital, lifes

[09:11] {Les} 'cause they don't have power of god

[09:12] {Les} buy we do know how to cover our bottoms when the *%it hits the fan

[09:12] {Les} and as we see in Dubai, we're still covering our bottoms

[09:12] {Threei} wasn't last fall the crucial time to cover those bottoms?

[09:12] {Threei} I don't even know what the big deal about Dubai is

[09:13] {Threei} extravagant real estate projects that were questionable even at best times

[09:13] {Threei} blow up in bad times

[09:13] {Threei} not really big financial scaleww

[09:13] {Threei} what is it, 60B?

[09:14] {Threei} I see it this way:

[09:14] {Threei} this Dubai thing is either and excuse to finally start the descent

[09:14] {Threei} or just a trap for bears that see a glim of hope

[09:15] {Les} a trigger or a trap?

[09:15] {Les} hmmm ok

[09:15] {Threei} no one at this point know which it is

[09:15] {bkhmd} gm all

[09:15] {Threei} bkh :)

[09:15] {Les} hey bk

[09:16] {bkhmd} stalking anything?

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:17] {Les} ese

[09:17] {Threei} thinking of shorting financials into bounce

[09:17] {Threei} WFC is one of those

[09:17] {fernp} PCU, OGE and SPH nice C&H on daily fwiw

[09:17] {ese} les

[09:17] {Threei} FAZ on watch

[09:18] {ese} whats up with the mkt vad.....don't see any news

[09:19] {larisa} gm :)

[09:20] {ese} larisa

[09:20] {Threei} larisa :)

[09:20] {Threei} Dubai ese

[09:20] {larisa} ese, vad :)

[09:20] {Threei} was all over the news yesterday

[09:20] {ese} what happened there......

[09:20] {ese} don't get tv or the news

[09:21] {Threei} dfeault on debt

[09:21] {ese} huh

[09:21] {ese} really

[09:21] {ese} the entire flippin country

[09:22] {Threei} well, Dubai is one of little states within UAE

[09:22] {Les} that beautiful Dubai property scheme they were crowing to the whole world about a few years ago....

[09:22] {Les} is in the toilet.

[09:22] {Les} how that is justice.

[09:22] {ese} yup.....meaning ...of course....the rest of them are probably in default

[09:22] {Threei} I doubt it

[09:23] {Threei} the rest have oil

[09:23] {Threei} Dubai has extravagant real estate projectsa

[09:23] {ese} and dubai doesn't

[09:23] {BillyD} who does Dubai owe money to then? rest of world?

[09:23] {ese} american banks

[09:23] {Les} HSBC

[09:23] {Les} hahaha

[09:23] {Threei} I don't know... but this is interesting question

[09:24] {Threei} everfy time I hear that all the states in the world are in debt, I can't help but wonder

[09:24] {Threei} if ALL of them owe money, who do they owe it to

[09:24] {Threei} and if all of them owe money, then let's just call it even and start anew maybe? :)

[09:24] {strider} Pay no attention to the man behind the curtain.

[09:24] {BillyD} or, is this newss mkt needs as a reason to sell off

[09:25] {dino} gm all

[09:25] {Threei} on top of it all, to add uncertainty - it's a short session

[09:25] {Threei} dino :)

[09:26] {BillyD} stuff like this just proves "Trading in the Zone" book by Douglas

[09:27] {BillyD} mkt dynamics

[09:27] {dino} citi is on the hook for some thats the big us bank involved

[09:27] {strider} skf

[09:27] {strider} sorry....got keyboard's mixed up

[09:28] {dino} should have held that gdx short

[09:28] {Threei} yeah

[09:28] {dino} lstza blood

[09:28] {Threei} gold is hit hard

[09:28] {Threei} so is oil

[09:29] {Threei} and thank goodness, loonie

[09:29] {dino} vxx

[09:30] {Threei} let's see if we can get good entry on FAZ

[09:31] {Threei} pullbck under .30

[09:31] {Threei} or break of .40 if .30 is holding

[09:32] {Threei} if loses .30, don't jump in

[09:32] {Threei} let's see where it bottoms out

[09:32] {Threei} then wait for it to form upper limit

[09:32] {Threei} and break it

[09:33] {Threei} so far .30 is forming as break trigger

[09:33] {dino} gaps filled ndx and s/p 11-13 and 11-20

[09:33] {dino} remaing in nov. 11-6; 9936, 1730, 1069.

[09:33] {Threei} Long Setup: FAZ .30 break if holding .20

[09:34] {bkhmd} my quotes correct? DOW -19X?

[09:34] {Threei} 197

[09:34] {Threei} invalidated

[09:35] {Threei} Long Setup: QLTI .65

[09:35] {Threei} if holding above .50

[09:36] {lasertrev} gm

[09:36] {Threei} trev :)

[09:37] {magoo} morn..hoope all had nice holiday

[09:38] {Threei} Long Setup: FAZ .85 break if holding .75

[09:38] {Threei} mags :)

[09:39] {Threei} 1:1 FAZ

[09:39] {fernp} ty

[09:39] {bkhmd} ty

[09:39] {Threei} MGM MIRAGE CNBC's Faber: Sources saying that there is little concern about funding link between Dubai World and MGM's City Center project; City Center has now been fully funded

[09:39] {Threei} - Note: on 11/25 MGM Commented on the Dubai announcement and highlighted that it would have no impact on its CityCenter project

[09:41] {Threei} wat6ching LVS for pullback

[09:43] {Threei} would like to see something like .30 - .40 to get interested

[09:44] {Les} why? is it because of this consolidation zone offering support?

[09:45] {Threei} that would be depth of pullback likely to generate enough buying inetrest again, and it would be close enouigh to support for provide good stop

[09:45] {Les} k

[09:47] {strider} out QLTI +.12

[09:47] {fernp} ty Vad

[09:48] {Threei} 1:1 QLTI

[09:48] {Threei} nice and easy

[09:48] {Threei} never even went under entry point, let alone jeopardizing the stop

[09:48] {Threei} that's how I like them

[09:48] {strider} yeah,, let's just do that kind from now on.

[09:49] {Threei} we need Trev to implement that "do not entry losing trades" button

[09:49] {Threei} do not enter

[09:49] {Les} so Trev is one of "them" is he?

[09:49] {strider} It's the executing mode button in menu bar.

[09:50] {Les} so how do you see LVS now Vad?

[09:50] {Threei} the same

[09:50] {Les} amateurs moved in first thing to buy it up?

[09:50] {Threei} I want good pullback

[09:50] {fernp} HD seems strong

[09:50] {Threei} why amateurs?

[09:51] {Threei} maybe amateurs panicked with their market sell orders,

[09:51] {Threei} and prose are taking advantage of pullback?

[09:51] {Threei} merrily buying from weak hands?

[09:51] {Les} just trying to define how LVS is moving, breathing?

[09:51] {Les} no question mark

[09:54] {ese} haven't seen this before on my screens.....not one alert on Euphoria or JBE ....interesting

[09:54] {strider} Wal-Mart wins Canadian Supreme Court ruling on union suit, Bloomberg reports

[09:54] {strider} Now canucks can buy union suits.

[09:54] {strider} obscure joke....maybe nobody gets it.

[09:54] {Threei} Wal-Mart Stores Inc Canada Supreme Court rules in favor of WMT in suit brought by union over Quebec store closing

[09:54] {Threei} - WMT asked the court to deny a lawsuit that sought to restrict store closings when employees join unions, taking a stance against Quebec's Labor Relations Act. Union workers sued under the Act after Wal-Mart shut their store.

[09:55] {dino} esi sm l .51

[09:55] {Threei} good

[09:55] {Threei} HBC CEO: Confident in Dubai leadership in debt issues; Middle east is an important part of business

[09:55] {Threei} - highlights that the Middle East aspect of their business is only 2% of balance sheet

[09:56] {ese} yup....definitely don't get that one ST......explain

[09:56] {strider} Union suit was the brand name of an old style of long underwear......

[09:56] {ese} ahhhhhhh

[09:56] {dino} lol

[09:56] {strider} Appalachian thing

[09:57] {Raven} thang

[09:58] {strider} exactly.

[10:00] {ese} l appl .50

[10:00] {ese} 1/2

[10:01] {ese} out appl .82

[10:02] {ese} +.32

[10:02] {ese} and i know it will keep going

[10:02] {ese} this is one of them don't get greedy days

[10:02] {Threei} totally

[10:02] {Threei} short day

[10:02] {Threei} can change on a dime

[10:03] {dino} gj es

[10:03] {ese} tks

[10:04] {bkhmd} ese was that appl or aapl?

[10:04] {ese} sorry aapl

[10:05] {ese} the guys who sold me my computer

[10:06] {ese} opps....some jbe alerts on my screen

[10:07] {ese} apwr

[10:07] {ese} was looking at it at .60

[10:07] {ese} didn't have the nerve

[10:09] {Les} for anyone who wants to see what "Dubai" is about - some good pics: http://ibankcoin.com/chart_addict/2009/11/26/dubai-the-city-on-crack/

[10:11] {magoo} AWIAV?

[10:12] {fernp} no

[10:13] {magoo} AWIAF? lol

[10:14] {dino} apwr?

[10:14] {ese} wow...

[10:14] {Threei} US Official: US has committed to a package of initiatives on Iran if it does not engage with regards to Nuclear enrichment

[10:15] {ese} i've seen pictures of the water development in the shape of a tree......Mcleans magazine here in canada

[10:16] {ese} packages of initiatives?

[10:16] {Threei} finger-wagging I'd guess is on top of the list

[10:17] {BillyD} CBAK interesting

[10:17] {ese} vad vad vad.........your a funny one you are.......

[10:17] {dino} most likely 3i, and then the classic 500 million bonusif you cooperate

[10:17] {Threei} call me sardonic

[10:18] {strider} sardo

[10:20] {Threei} APWR acts like endless runner

[10:20] {Threei} and I see no news

[10:20] {Threei} one of those grossly exaggerated moves that happen sometimes on a holiday

[10:21] {dino} china doubled budgetenviro budget and possible add toibd 100 index apwr

[10:21] {ese} ya and the news ain't that great.....go figur

[10:22] {ese} l aapl .49

[10:23] {ese} ok out aapl .37

[10:23] {ese} you'll not believe what i just did........

[10:24] {bkhmd} +.37 or out at .37

[10:24] {Threei} drunk whole bottle of vodka and eate the bottle itself?

[10:24] {ese} had the mkt order ready was gonna do it it it broke .50

[10:24] {ese} next thing i know i'm long

[10:25] {ese} inadvertently bought it....damn

[10:25] {ilana} happened to me a few times with limit order as well

[10:26] {ese} i hate it when that happens.....just cost me .12 cents

[10:26] {bkhmd} big shares?

[10:26] {dino} ever hit the sell button and realize you were looking at wrong stock? i have

[10:27] {ese} well i guess if they can stupidly build beyond there means in dubai.......i can stupidly press a button by mistake

[10:27] {ese} no bk 1/2 lot

[10:27] {BillyD} yes dino, cost me 6K 10 yrs ago

[10:28] {bkhmd} ur half lot is couple K? lol

[10:28] {ilana} ever forget you're short and press sell button when wanted to cover? i have

[10:28] {ese} normally.........but not today......

[10:29] {Threei} that's actually a frequent error

[10:29] {ilana} whew, relief

[10:29] {ese} really

[10:29] {ese} i can't remember the last time i did it

[10:29] {Threei} for many who traded mostly on a long side, have ingrained notion of sell as close the trade

[10:29] {Threei} and started trying shorting

[10:30] {ese} hmmmmmmm

[10:30] {ese} ya i can see that

[10:33] {Les} NLST ready to give us a short?

[10:33] {Les} or a bounce?

[10:34] {dino} esi stop to .20

[10:34] {dino} make it .22

[10:34] {Threei} i don't see anything readable on NLST

[10:35] {Les} ok. AONE is soldiering on higher

[10:35] {dino} to .30

[10:37] {dino} to .35

[10:37] {ese} gap reversal screen alerts filling up

[10:37] {ese} guess panic over dubai is over

[10:37] {dino} until they figure out off balance sheet and counter-party exposure

[10:38] {dino} january should be interesting

[10:38] {BillyD} watching RIMM to see if short setup at 58

[10:39] {Threei} Short Setup: FAZ .60 break

[10:39] {ese} i'm thinking Jan is going to be real interesting

[10:39] {Threei} if stays under .70

[10:39] {ese} down big is what i'm expecting

[10:40] {Threei} fade is a valid trade too

[10:41] {dino} out esi .37, +.86

[10:41] {bkhmd} Dino come trade my account WOW Good Work Dude

[10:43] {dino} thx lucky thats all

[10:44] {Threei} lol

[10:44] {ese} l drys .17

[10:44] {Threei} it's a double luck then dino: luck to win and luck to have such a consistent luck

[10:45] {ilana} after how many times luck considered success?

[10:45] {bkhmd} Ok vad lets go back to wednesday and re-vote

[10:45] {Threei} that's a question to be answered at deathbed

[10:45] {Threei} why bkh?

[10:45] {bkhmd} no I understand why you suggested it

[10:46] {bkhmd} slow

[10:46] {Threei} well, we have 2 for 2

[10:46] {bkhmd} yes

[10:46] {Threei} so it was worth waking up

[10:47] {bkhmd} i agree with that

[10:47] {Threei} and you know what... let's trail FAZ to above b/e

[10:47] {Threei} we are close enough to 1:1

[10:47] {Threei} let's cut the risk to idiotically small

[10:48] {strider} out +.008

[10:48] {strider} 08

[10:48] {Threei} 3 for 3 then for you

[10:48] {strider} only taken two trades....

[10:49] {strider} QLTI & FAZ

[10:49] {strider} missed something

[10:49] {Threei} FAZ long earlier

[10:49] {Threei} FAZ short now

[10:49] {strider} yeah...

[10:49] {Threei} and QLTI

[10:49] {Threei} so, let's see

[10:49] {Threei} FAZ+FAZ+QLTI

[10:50] {Threei} yeah, three

[10:50] {bkhmd} lol

[10:50] {dino} distracted. but as for the luck, in this market i believe that profits are luck, losses are skill. too random intraday

[10:52] {BillyD} Vad, when u said fade idea on FAZ short call were you talking buying of short aggressive into the bounce before break down

[10:52] {BillyD} or short aggressive

[10:52] {Threei} no

[10:52] {dino} have to call it a day, taking mon. and tues. off. good luck all

[10:52] {Threei} fade as in:

[10:53] {BillyD} cya dino

[10:53] {Threei} take the opposite side of the setup if it invalidates

[10:53] {bkhmd} take it long

[10:53] {fernp} bye dino

[10:53] {Threei} take care dino, have a good weekend

[10:53] {bkhmd} later dino

[10:53] {Les} ciao dino

[10:53] {dino} :)

[10:53] {Les} wanted to ask you about that Vad

[10:53] {BillyD} ok, got it

[10:53] {Threei} so it would be long on .70 break if never lost .60

[10:53] {Threei} when, finally

[10:53] {fernp} out TY Vad

[10:53] {Threei} out FAZ

[10:53] {Les} ty

[10:53] {Threei} .49

[10:53] {Threei} 3 for 3

[10:54] {Les} ty for the trade and explaining fade move

[10:54] {Threei} sure thing

[10:59] {BillyD} Vad, look at AMZO, nice chart but follow thru is ?

[10:59] {BillyD} AMZN

[11:00] {Threei} I like the chart... had it been normal trading day, I'd call it without hesitation

[11:00] {Les} NLST double top?

[11:00] {BillyD} ty

[11:00] {Threei} or C&H if breaks .50

[11:01] {Les} ah ok

[11:02] {ese} l drys avg .20

[11:03] {Les} CAT found its way back to support again. Impression that someone's supporting this stock. but a setup?

[11:04] {Les} not game today

[11:04] {Threei} support?

[11:04] {Threei} or resistance?

[11:04] {Les} 200 ma on 60 min.

[11:04] {Les} back above

[11:05] {Threei} 58 break was nice legit C&H

[11:05] {Les} gonna stick a big c&h example on edge of my screen...

[11:06] {Threei} (IA) Iran Govt responds to censure; claims resolution by IAEA is of a theatrical nature; 'useless' - state news agency

[11:06] {Threei} hey, first time in my life I agree with Iran

[11:06] {Les} nah, lets bomb em

[11:07] {BillyD} useless rhetoric

[11:11] {Les} you were right vad. double dose resistance 15 min. for CAT. If can break that would like to go long.

[11:11] {Threei} at what price?

[11:12] {larisa} 60 :)

[11:12] {Threei} we have time then

[11:12] {Les} that your trigger price or profit target larisa?

[11:13] {Threei} let me make Larisa's life easier:

[11:13] {Les} CAT stop getting bigger than I wanted.

[11:13] {Threei} {larisa} neither... it's a joke

[11:13] {Threei} I don't undertsnad Les

[11:13] {Threei} describe the play you envision

[11:14] {Les} at moment I spoke of CAT

[11:14] {Threei} yesa

[11:14] {Les} .20 stop

[11:14] {Threei} that's what I am looking at

[11:14] {Threei} which entry?

[11:14] {Les} upon new high

[11:14] {Les} .35

[11:14] {Threei} wow

[11:14] {Les} or .33

[11:14] {Threei} that's an entry I would never go for

[11:15] {ese} ese gives drys forceful nudge with the ictus of directors baton

[11:15] {Threei} this pullback is a valid entry

[11:15] {Threei} that break is not

[11:15] {Les} why?

[11:15] {Les} CAT needs pullback first?

[11:15] {Threei} because it's a top of vertical spike aftre the break

[11:15] {Threei} we buy break of consolidation

[11:15] {Threei} not the break after such spike

[11:16] {ese} thats the pointy part for you musical laymen

[11:16] {Threei} look at 1 min chart'

[11:16] {larisa} 15 and 60 min charts are too long horizon for me. I think for scalping multiple frames will confuse you a lot of times. And what 15min chart player sees as support/res, for scalper can mean opposite. it is like comparing aaples and peaches.

[11:16] {Les} y

[11:16] {strider} ese, you're just talking dirty again.

[11:16] {Threei} 11:03, break of 58, C&H formation

[11:16] {Threei} quick move to above .30

[11:17] {ese} never thought of it that way

[11:17] {Threei} which is 1:3 for that break

[11:17] {Les} y

[11:17] {Les} ok. never thought of it like that

[11:17] {Threei} do you want to go long at 1:3 without new consolidation first?

[11:17] {Threei} if yes, then think of it this way:

[11:18] {Threei} is there any spike you wouldn't want to buy at the top?

[11:18] {Threei} what would it have to be, 1:5? 1:10?

[11:18] {Les} ok so we buy break from consolidation, not an extension of the break itself

[11:19] {Threei} we SELL into those spikes!

[11:19] {fernp} Don't you have TTR?, Les

[11:19] {Les} so that's what I'm doing wrong :O

[11:20] {Les} y

[11:20] {Threei} get back to basics Les

[11:20] {Threei} crowd chases spikes

[11:20] {Threei} spikes reverse on the crowd

[11:20] {Threei} crowd gets creamed

[11:20] {Threei} smart money buys before the spikes

[11:20] {Threei} smart money sells into spikes to the crowd

[11:21] {Les} y. now we speak of it ttr trade examples come back to mind

[11:21] {Threei} smart money trakes crowd's money

[11:21] {Threei} be smart money

[11:21] {Threei} eschew being the crowd

[11:21] {larisa} whats eschew

[11:21] {Les} so with CAT chart in front of me

[11:21] {Threei} two answers larisa

[11:21] {Threei} 1. it's a sneeze sound

[11:22] {Threei} 2. it's a fancy word for "avoid"

[11:22] {Les} where are interesting consolidation zones for you?

[11:22] {Threei} pick what you like :)

[11:22] {larisa} I like both

[11:22] {Threei} you can have both

[11:22] {Threei} it's Thanksgiving, I am kind

[11:23] {bkhmd} Les are you on a one minute chart?

[11:24] {BillyD} Hey guys/gals, have a good wknd, gotta run

[11:24] {bkhmd} later Billy

[11:24] {Threei} take care billy, have a great weekend

[11:24] {larisa} bye Billy :)

[11:24] {Threei} I don't understand the question Les

[11:25] {fernp} bye billy

[11:25] {ilana} bye billy

[11:26] {bkhmd} if I may Les look at the CAT 1 min starting at around 10:20 forward starts a dented ugly cup and handle consolidation just under 58

[11:26] {bkhmd} break of 58 would have been a good start

[11:27] {Threei} beautiful bkh

[11:27] {bkhmd} previous support at 57.89

[11:27] {Threei} perfect description of the setup

[11:27] {bkhmd} with could have given us a fair stop

[11:27] {bkhmd} i wasnt watching it at the time

[11:39] {Threei} market is in its normal freeze

[11:43] {bkhmd} im gonna paper trade and practice range trading

[11:45] {Threei} I am gonna sleep with my eyes open and practice pretending that I am wide awake

[11:45] {bkhmd} toothpics work well

[11:45] {Threei} actually I have it down to art

[11:45] {Threei} trading in my sleep for years and you never suspcted

[11:45] {bkhmd} yes i did

[11:45] {bkhmd} lol

[11:46] {Threei} other than my suspiciously bad typing

[11:46] {fernp} Today I am running Laser in windows 7. Works fine. fwiw :-)

[11:46] {strider} Vad is artistically reclined.

[11:46] {Threei} but I made a point to type just as bad in rare instances when I am awake

[11:46] {Threei} so you can't tell

[11:47] {Threei} fern, the early adopter

[11:47] {strider} fern, do you have a computer dedicated to just Laser?

[11:47] {Threei} I will switch to W7 in a few more versions, lol

[11:47] {fernp} yes

[11:47] {Les} sorry quick taxi trip

[11:47] {bkhmd} DOS rules eh VAD?

[11:47] {strider} I'm still on XP pro.

[11:47] {Les} yes I recognise consolidation break out.

[11:47] {Threei} lol

[11:48] {Threei} XP Pro 64 bit here

[11:48] {Threei} nice, smooth, fast

[11:48] {fernp} Yes I use widows xp 64 too

[11:48] {Threei} what else do I need

[11:48] {Threei} only when they stop supporting it will I consider change

[11:48] {Les} but if CAT had broken through to new highs, that would be chasing for you, would it Vad?

[11:48] {fernp} That happened a month ago, Vad

[11:49] {Les} yes here too. XP until no further support.

[11:49] {Threei} you mean if it broke that .333 area? yes, that would have been a whole lot of chasing

[11:49] {Threei} just as .10 or .20

[11:51] {magoo} SEED boss

[11:51] {magoo} nuts

[11:51] {strider} On Wednesday, however, Microsoft said consumers who still have Windows XP running after April 2009 will be entitled to five more years of "extended support."

[11:51] {strider} http://www.msnbc.msn.com/id/16805062/

[11:52] {bkhmd} awsomeeeeeeeeeeeeeee

[11:52] {Threei} toughie mags

[11:52] {Threei} no that crazy pace

[11:52] {fernp} Microsoft may have little choice but to support XP for an extended period since most of its business customers have not upgraded to Windows Vista.

[11:52] {Threei} that gives away the momo

[11:53] {fernp} Microsoft Pledges Windows XP Support Through 2014 http://www.informationweek.com/news/windows/operatingsystems/showArticle.jhtml?articleID=208800494

[11:53] {Threei} cool... 2014 it is

[11:53] {fernp} yeah

[11:53] {Threei} and if they continue making crappy new OSs, maybe even longer

[11:54] {strider} So MSFT will support XP two years after the end of the world...that's dedication to their product.

[11:54] {fernp} lol

[11:55] {fernp} im going to watch that movie tonight

[11:56] {Threei} do you like special effects fern?

[11:56] {fernp} yes

[11:56] {Threei} would you enjoy the movie that is entirely shot for them, and the plot is there only to stitch them together?

[11:57] {fernp} no, i get tired

[11:57] {Threei} hmmm

[11:57] {Threei} then you may not like it as much :)

[11:57] {Threei} but if you suceed in turning your brain off

[11:58] {Threei} and letting your eyes enjoy it

[11:58] {Threei} you wqill l,ove the movie

[11:58] {Les} so its like watching election campaign

[11:58] {fernp} I'll think only in the popcorns...

[11:58] {fernp} lol

[11:59] {Threei} it's a total eye candy

[11:59] {Threei} not mind candy though :)

[11:59] {fernp} i like movies like matrix, plot and effects

[11:59] {Threei} since I am very good at turning brain off, I enjoyed it very much

[12:00] {fernp} one of my favorites movies is The Game

[12:00] {Threei} with Douglas?

[12:00] {fernp} yeah

[12:00] {strider} oh, yeah....,me too, fern.

[12:02] {Threei} tough to pick absolute winner, many are good... but if I absolutely had to, it would probably be Once upon a Time in America

[12:02] {Threei} or Pulp Fiction

[12:02] {fernp} i like that one

[12:02] {fernp} the first

[12:02] {fernp} Once's upon...

[12:03] {ilana} that's my winner too

[12:03] {Threei} US Treasury and Fed to delay internet gambling ban effective date for 6 months to June 1

[12:03] {ilana} watched it 3-4 times and each time get it ifferently

[12:04] {Threei} true

[12:04] {Threei} one ofd those that you perceive differently over the years

[12:04] {Threei} actually, goes for both

[12:05] {Threei} BoA analyst comments on Dubai: markets may be overreacting, but the situation does have some broader implications (timing uncertain)

[12:05] {Threei} - "There is no doubt that this episode has hurt sentiment towards the Gulf, and UAE in particular, and this lack of confidence will make it very difficult for the UAE to issue new debt to finance the approx $21.2B of Dubai World debt maturing in the next three years. Whilst we think the reaction in the markets yesterday may have been an overreaction given the size and relative importance of Dubai to the global economy,

[12:05] {Threei} this episode does have some broader implications. It serves as a stark reminder as to just how sensitive global markets are to bad news, particularly on a thin tape. This will certainly make governments and central banks even more cautious about their stimulus withdrawal and the methods in which they choose to communicate the exit strategies to the market. The market action over the last two days shows that despite the outsized returns since the March lows the market remains ready and willing to punish mistakes."

[12:08] {Threei} US Obama Administration 'monitoring closely' the developments in Dubai situation - CNBC

[12:09] {Threei} lol... demosntrate first that you are capable of monitoring who enters your highly guarded state dinners

[12:09] {bkhmd} he was never in harm

[12:09] {bkhmd} lol

[12:10] {strider} AMZN short?

[12:10] {Threei} no way to tell...

[12:10] {Threei} fairly random

[12:11] {strider} descending triangle

[12:11] {Threei} more or less...

[12:11] {Threei} problem is,

[12:12] {Threei} while upper limit for stop placement is defined quite nicely

[12:12] {Threei} trigger for the tyrade is very fuzzy

[12:12] {Threei} so, we have second part:

[12:12] {Threei} "if stays below .50"

[12:12] {Threei} but what is the first?

[12:13] {strider} .20 looks pretty good to me. No?

[12:13] {magoo} depends also if IF mkt rips up into close or not

[12:13] {Threei} 30 cents stop?

[12:13] {Threei} and count on drop under 132?

[12:13] {strider} yeah

[12:13] {fernp} I told my wife that the film is not very good, and she has thrown me a shoe at head ... I think I'll go to watch it

[12:14] {Threei} and all this on a stock that pretty much depends on the market

[12:14] {Threei} was it a stiletto fern?

[12:14] {fernp} yes

[12:14] {Threei} cool

[12:14] {Threei} it's a very sexy way to die

[12:15] {bkhmd} with film are we talking about

[12:15] {fernp} but i've ... how is your word

[12:15] {Threei} stiletto thrown at your head by a woman with deadly accuracy

[12:15] {Threei} which takes us to another good movie: Kill Bill

[12:15] {bkhmd} then u would have to change ur name to one eye Vad

[12:15] {Threei} 2012, bk

[12:16] {fernp} i've eschewed the shoe is that correct? :-)

[12:17] {Threei} yes :)

[12:17] {Threei} now embrace the movie

[12:17] {strider} my dog eshewed my shoe once. Gave him hell for it.

[12:17] {fernp} lol

[12:18] {larisa} if market does not close under -200+, lets make vad wear stilettos all weekend :)

[12:18] {Threei} oh good, no tutu then

[12:19] {larisa} but it will, do not worry vad :)

[12:19] {Threei} well, but if it doesn't, cocnut bra for you?

[12:20] {larisa} no, too cold here

[12:20] {magoo} any read APWR vad?

[12:20] {Threei} down feels more probable mags but no setup that I see

[12:21] {magoo} wow..i thought up

[12:21] {Threei} ideally, I'd love it to come down to .50, consolidate a bit, then break it down

[12:21] {Threei} that would be the one I'd take

[12:22] {Les} today was informative. more time studying your setups vad in future, less thinking about money. Friends are around and the bottle open. have a good weekend.

[12:23] {Threei} larisa, what kind of excuse is that... can use fur lining

[12:23] {Threei} you too Les, have a good one

[12:23] {larisa} bye les :)

[12:23] {fernp} bye Les

[12:24] {magoo} bye les

[12:24] {Threei} I for one will have no problem wearing those stilettoes inside of fur jackboot

[12:26] {Threei} weather finally settles down here... sun second day in a row

[12:26] {fernp} gotta go. have a nice weekend everybody. See you all on monday

[12:26] {Threei} have fun fern, tell us how you liked the movie

[12:26] {fernp} i'll do

[12:28] {magoo} vad, look AMZN chart here

[12:29] {Threei} yes

[12:29] {bkhmd} later fern good weekend

[12:29] {Threei} held under .50, dropped

[12:39] {strider} thanks guys. I'm gonna take my 20 cents and go home........

[12:39] {strider} wait, I am home.

[12:42] {Threei} QLTI UPDATE: RBC Raised QLTI to Outperform from Sector Perform, price target: $6

[12:42] {Threei} I knew there was the reason we played QLTI

[12:42] {Threei} it's just the the reasin came after we profited from it

[12:42] {strider} No...I think your playing it resulted in the upgrade.

[12:42] {Threei} oh

[12:43] {strider} news travels fast.

[12:43] {Threei} so, all this hoopla turns out the storm in a teacup

[12:43] {Threei} at least for now

[12:43] {Threei} Dow -125

[12:43] {Threei} big deal

[12:44] {Threei} Monday will be more interesting

[12:44] {strider} yeah

[12:44] {strider} When the male hysterics get back to work.

[12:44] {Threei} lol

[12:44] {Threei} but again... 3 winning plays made the day worth coming in

[12:45] {strider} It did....even if I only got two of them.

[12:45] {strider} See y'all Monday......So long from appalachia.

[12:46] {Threei} have a good weekend

[12:46] {bkhmd} later Stride

[12:47] {magoo} we'll be out hunting next week vad so u know

[12:47] {Threei} have fun

[12:47] {Threei} bear?

[12:47] {Threei} deer?

[12:47] {magoo} deer now

[12:47] {Threei} cool

[12:48] {magoo} coolio lol

[12:48] {Threei} okay guys, let's have a nice relaxing weekend

[12:48] {magoo} ty

[12:48] {Threei} see you all on Monday

[12:48] {larisa} bye :)

[12:48] {bkhmd} thanks VAD

[12:48] {bkhmd} take care

[12:59] {larisa} 2 min to lose 50 points. go DOW :)

[12:59] {bkhmd} wow

[13:00] {larisa} lazy market! bye all! :)

Nov 25, 2009

Extremely low volume and narrow day where we struggled to find any trades. We elected to remain relaxed and a bit goofy... the result is just that - goofy, and the room voted to keep this log to ourselves. Happy Thanksgiving to all our readers!

Early bird registration discount for the Bahamas conference runs till November 30. Register here!

Nov 24 2009

Very narrow action with few setups. Just 4 official calls one of which was stopped. The rest of excitement was provided by momentum in SEED, AONE, JAZZ

Session Time: Tue Nov 24 00:00:00 2009

[08:04] {magoo} morning

[08:04] {Threei} mags, don't look at SEED

[08:04] {strider} morning magoo.....

[08:04] {magoo} now u know i have 2

[08:05] {magoo} hi stryd..how was yesterday?

[08:05] {Threei} you would be all over it yesterday

[08:05] {Threei} exactly your kind of play

[08:05] {strider} a little green here.......missed you.

[08:07] {BillyD} GM all

[08:07] {Threei} billy :)

[08:07] {BillyD} SEED non-stop

[08:07] {nemo} hello

[08:07] {Threei} nemo :)

[08:10] {Threei} US) Preview: Q3 Preliminary GDP Annualized and Personal Consumption due at 8:30 am

[08:10] {Threei} - GDP Annualized: +2.8%e v +3.5% prior (Analyst range from +2.4% to +3.5%)

[08:10] {Threei} - Personal Consumption: +3.2%e v 3.4% Prior (Analyst range from 2.7% to +3.4%)

[08:10] {Threei} (US) Preview: Q3 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.8%e v 0.8% prior

[08:10] {Threei} - Core PCE Q/Q: 1.4%e v 1.4% Q2 prior

[08:14] {nemo} ceph might be worth an eye today

[08:15] {strider} I held overnight from 54.00

[08:15] {nemo} nice...ight be a give back on the open though

[08:16] {strider} waiting for it to trade a bit more......may sell prior

[08:17] {strider} AMZN gapped up after strong day yesterday.

[08:17] {magoo} was yesterday a strong day?

[08:19] {BillyD} nickel and dime trades except for SEED Magoo

[08:22] {strider} MBTrading still the same.......issues a message: "Please do not trade out of erroneous positions." :)

[08:30] {Threei} *(US) Q3 PRELIMINARY GDP Q/Q ANNUALIZED: 2.8% V 2.8%E;

[08:30] {Threei} CORE PCE Q/Q: 1.3% V 1.4%E

[08:30] {Threei} PERSONAL CONSUMPTION: 2.9% V 3.2

[08:30] {Threei} *(US) Q3 PRELIMINARY GDP PRICE INDEX: 0.5% V 0.8%E

[08:32] {Threei} NSPH FDA Clearance to Update the Package Insert for Its Respiratory Virus Assay to Include Reactivity With Influenza A in Cultured Clinical Isolates Containing 2009 H1N1 Influenza Virus

[08:32] {Les} afternoon Vad.

[08:33] {Les} SEED still going

[08:33] {Threei} hi Les

[08:33] {bkhmd} morning all

[08:33] {Les} bk

[08:33] {Threei} TiVo Inc Signs audience research partnership deal with Google

[08:33] {Threei} - Entered into an audience research agreement with Google whereby Google will license and integrate TiVo television viewing data into its measurement of audiences for advertisements sold through Google TV Ads(TM) platform.

[08:33] {Threei} - Terms of the deal are not disclosed.

[08:33] {Threei} nk :)

[08:33] {Threei} bk

[08:39] {fernp} Good morning everybody

[08:39] {Threei} fern :)

[08:39] {nemo} hola

[08:39] {bkhmd} fern

[08:40] {fernp} hola a todos

[08:41] {Les} that's closer to french than I imagined fern - salut

[08:41] {Les} bonjour a tous

[08:45] {strider} Cat interview on CNBC, nemo

[08:47] {strider} AMZN retraced morning gap

[08:56] {strider} out CEPH, 1.03, small overnight

[08:57] {strider} not much pre-market in anything I see.

[08:57] {cosmo} CAT may be next major auto maker

[08:58] {cosmo} ever go out on a date in a bobcat?

[08:59] {strider} with a bobcat? uh-huh.

[08:59] {ese} morning

[09:00] {cosmo} NASCAR bobcat cup

[09:00] {magoo} alot of numbers at 10 am vad, keep in mind

[09:03] {Threei} ese :)

[09:03] {nemo} dude

[09:03] {Threei} 10:00 Oct Consumer Confidence (last 47.7), Oct Richmond Fed Manufacturing (last 7), Q3 House Price Index q/q (last -0.7%), Sept House Price Index m/m (last -0.3%)

[09:04] {ese} dude

[09:05] {ese} whats hot boys and girls

[09:05] {Les} Magoo, ciao, is SEED in play today?

[09:06] {BillyD} maybe WFC will break down today with some follow thru

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:10] {magoo} definately watching SEED yes, but who knows, may be done..may be a short

[09:11] {strider} Brocade CEO denies it was up for sale, Reuters reports :

[09:12] {strider} so there you go.

[09:13] {Les} ADI up on earnings release but it may have found resistance at present price. 29 seems to be formidable barrier

[09:13] {larisa} gm :)

[09:14] {Threei} larisa :)

[09:14] {larisa} :)

[09:14] {nemo} lari :)

[09:14] {larisa} vad, nemo :)

[09:18] {ese} wonder if rimm has covered enough of the gap between 49.00 and 58.00

[09:18] {ese} any opinions

[09:18] {magoo} been a dog RIMM

[09:18] {ese} definitely

[09:19] {ese} was going going to buy 1k of it if it ever got to 50.00

[09:19] {Threei} worked like charm for our very firsat trade yesterday

[09:19] {ese} but don't trust it until it does

[09:20] {ese} ya noticed that

[09:20] {ese} was that yesterday or friday

[09:21] {ese} aye...sheesh......loosing track of time here

[09:22] {ese} lt

[09:23] {Threei} you do know who is on TV, right?

[09:23] {bkhmd} Melissa Lee?

[09:23] {nemo} Lindsey Lohan?

[09:24] {lasertrev} morning

[09:24] {cosmo} howdy doody?

[09:24] {ese} lol

[09:25] {strider} Mr. Bluster

[09:25] {magoo} i missed him vad, good to see (NOT)

[09:25] {cosmo} cosmo topper?

[09:25] {Threei} trev :)

[09:25] {ese} huh....whos mr bluster

[09:25] {strider} marionette on the Howdy Doody show.

[09:26] {strider} grumpy old guy.

[09:26] {bkhmd} Vads not grumpy

[09:26] {bkhmd} always

[09:26] {bkhmd} stop that strider

[09:26] {BillyD} Vad, anything stand out?

[09:26] {strider} I was in love with Princess SummerFallWinterSpring.

[09:26] {ese} ahhhh ya .......can barely remember it

[09:26] {Threei} aside of SEED and TIVO uduasl suspects only

[09:27] {Threei} usual too

[09:27] {BillyD} WFC gapping down thru resistance of .90 area

[09:27] {Threei} yeah, probably a short candidate at some point

[09:31] {Threei} Short Setup: WFC .85 break if stays under .95

[09:31] {Threei} as a first try

[09:33] {Threei} 1:1 will bwe half out for me

[09:33] {bkhmd} ty

[09:33] {bkhmd} out

[09:33] {fernp} out here TY

[09:34] {Threei} pesky scalpers

[09:34] {nemo} ty

[09:34] {Threei} SEED... that dive into .80- .90 was it but way too fast

[09:35] {Threei} FEED is trying to follow

[09:35] {Threei} who partiasls, WFC stop to above b/e

[09:36] {strider} amzn big dump

[09:37] {magoo} was just gonna say that stryder..nice pick up

[09:39] {Threei} SEED, .30-.40 zone should provide bounce

[09:40] {Threei} Case: US housing signs in CA are showing signs of stabilization

[09:40] {Threei} US) Preview: Nov Consumer Confidence due out at 10amET

[09:40] {Threei} **consensus expectation: 47.3e v 47.7 prior (most estimates range between 45-49)

[09:40] {Threei} US) Preview: Nov Richmond Fed Manufacturing Index due out at 10amET

[09:40] {Threei} **Consensus expectation: 8e v 7 prior

[09:41] {Threei} (US) Preview: Q3 House Price Index due out at 10amET

[09:41] {Threei} - QoQ: 0.3%e v -0.7% prior

[09:41] {dino} cbrl

[09:41] {BillyD} NLST

[09:41] {magoo} NLST

[09:41] {strider} out wfc last half flat

[09:43] {BillyD} just enough to stop WFC

[09:44] {strider} FAS not following qqqq up

[09:44] {Threei} watch SEED

[09:46] {Les} bullish falling wedge on FEED?

[09:47] {Threei} one more leg down SEED

[09:48] {Threei} Long Setup: SEED .45 break

[09:48] {Threei} ugh

[09:48] {Threei} ok

[09:49] {Threei} same setup

[09:49] {Threei} if stays above .30

[09:49] {Threei} 1:1

[09:49] {fernp} ty

[09:49] {BillyD} out ty

[09:49] {bkhmd} missed it

[09:49] {Threei} wow

[09:49] {Les} adrenalin rush cool ty out

[09:50] {Threei} gave ample time

[09:50] {strider} +.16 SEED

[09:50] {BillyD} it cane back and picked me up

[09:50] {Threei} twice

[09:51] {fernp} same here Billy

[09:51] {Threei} .30 - .40 bounce zone forecasted well in advance worked like charm

[09:51] {Threei} rare case with momo movers

[09:51] {Threei} WFC, mama

[09:52] {BillyD} yeah, WFC oh well, we had its weakness pegged though

[09:52] {BillyD} it barely hit 1:1 and barely hit trailing stop

[09:53] {Les} VAd, we looking at severe spy breakdown?

[09:53] {Les} sentiment seems somewhat negative...

[09:54] {Threei} so far yes

[09:54] {Threei} Long Setup: RIMM .40 break half lot

[09:55] {Threei} if stays above .30

[09:55] {strider} seed

[09:55] {fernp} numbers in 5min

[09:56] {Threei} invalidated

[09:56] {Les} tried to fade RIMM too quick for me

[09:56] {Threei} let's wait out this set of numbers, too many of them

[09:56] {bkhmd} consumer confidence and what else?

[09:56] {Threei} scroll up the floor

[09:57] {Threei} too many to repost

[09:57] {Threei} EUR/USD Dealer chatter the Consumer confidence data will be below the 47.3 expectations by a 'few points' prompting some risk aversion sentiment

[09:57] {Threei} - Whisper number is a 45 handle

[09:57] {bkhmd} ty

[09:58] {magoo} SEED should take v12

[09:59] {cosmo} NLST again....

[09:59] {cosmo} wants 7

[09:59] {ese} dino you have anything on your min up/dn 2.00 screen

[09:59] {Threei} *(US) NOV RICHMOND FED MANUFACTURING INDEX: 1 V 8E

[09:59] {dino} long, dltr, cbrl

[10:00] {ese} tks

[10:00] {Threei} US) NOV CONSUMER CONFIDENCE: 49.5 V 47.3E

[10:00] {ese} CC beats

[10:00] {bkhmd} Dino I was watchng DLTR whats ur entry

[10:00] {Threei} US) Q3 HOUSE PRICE INDEX Q/Q: 0.2% V 0.3%E

[10:00] {nemo} delusions win

[10:00] {strider} +.18 FAS

[10:01] {dino} fdo hl l .80

[10:01] {Threei} FDIC Deposit fund had negative $8.2B balance in Q3

[10:01] {Les} ouch

[10:03] {dino} confidence inspiring

[10:03] {BillyD} is that all the numbers??

[10:03] {Les} NLST ascending triangle?

[10:03] {cosmo} NLST salmon ladder @ 7 fwiw

[10:05] {strider} long FDO .77

[10:05] {strider} stop .69

[10:05] {Threei} is it not enough billy?? :)

[10:05] {BillyD} lol....

[10:06] {dino} ceph hl l .00 stop lod

[10:06] {cosmo} salmon ladders are like pivots

[10:06] {BillyD} want to know if the dust will be settling

[10:06] {BillyD} and not kicked up again

[10:06] {cosmo} or they should be...

[10:08] {strider} out FDO

[10:08] {strider} stop was too tight.

[10:08] {BillyD} if NLST can hold .90 area and take .05 may be worth half lot

[10:09] {BillyD} Big IF

[10:11] {strider} QQQQ broken yesterday's lows

[10:11] {dino} fwlt hl l .75 stop .48

[10:15] {ese} l ceph .81 pullback sm

[10:15] {Threei} Long Setup: RIMM .40 break half lot

[10:15] {Threei} daja vu

[10:15] {Threei} a=e

[10:16] {fernp} stop Vad?

[10:16] {Threei} if stays above .25 for invalidation

[10:16] {Threei} but if bounces from here, .30

[10:16] {fernp} thanks

[10:16] {ese} out ceph .71 stopped

[10:17] {ese} -.10

[10:17] {dino} sorry

[10:18] {ese} not apologizing to me i hope

[10:19] {ese} thought it had an even shot at bouncing....ala double bottom on 1min cht

[10:19] {Threei} 1:1 blinked for like nanosecond

[10:19] {fernp} ty I have my fill at .50. prited there?

[10:19] {ese} i was small....300shs......30bucks plus commis

[10:20] {dino} :)

[10:20] {Threei} it did fern

[10:20] {fernp} oh well, TY very much

[10:20] {Threei} ummm

[10:20] {Threei} why oh well??

[10:20] {fernp} well, UAAAAAU!!!!

[10:22] {cosmo} lots of bears at the ladder it seems

[10:23] {Threei} waiting for salmon to swim by

[10:23] {cosmo} easy pickings too

[10:25] {cosmo} bears eating them back

[10:27] {strider} QQQQ broken yesterday's lows

[10:27] {strider} wrong...post

[10:27] {strider} Rimm stop still at. 30?

[10:28] {Threei} yeah

[10:28] {Threei} it touched 1:1 twice by now

[10:28] {Les} Vad, 3rd time lucky b/o of NLST?

[10:28] {Threei} no exit?

[10:29] {Threei} doesn't look too encouraging to me, NLST

[10:29] {strider} dummy me...I was thinking it was a .15 stop.....I guess because of the 1`/2 lot.

[10:29] {strider} sigh.

[10:29] {cosmo} NLST bears getting full imo

[10:30] {ilana} can you explain why NLST doesn't look too encouraging

[10:30] {strider} Boy I sure blew that trade.

[10:30] {magoo} shake it off..NEXT

[10:31] {strider} :}

[10:31] {Threei} instead of making higher highs and higher lows, NLST makes both,

[10:31] {Threei} higher highs and lower lows

[10:31] {cosmo} high volume distribution .... churning behavior.....

[10:31] {Threei} expnading range

[10:31] {Threei} not my favorite way to say the least

[10:32] {Threei} shakes you out on both, breakouts and breakdowns,

[10:32] {Threei} and doesn't allow for range trade as range is broken both directions

[10:32] {Threei} solid 1:1 this time RIMM

[10:32] {strider} rub it in vad. :)

[10:33] {Threei} you dumped it?

[10:33] {strider} yep

[10:33] {bkhmd} stride ur stop of .30 wasnt taken out correct?

[10:33] {Threei} oh, it touched under .30... sheesh, sorry

[10:33] {bkhmd} oh

[10:33] {larisa} it did go under 30 for a sec

[10:33] {Threei} yes, I see it now

[10:33] {strider} re-do..re-do

[10:33] {nemo} seed broke support

[10:33] {strider} I think Trev had something to do with that.

[10:35] {bkhmd} thanks trev got it

[10:37] {dino} enoc

[10:38] {Les} seed almost ready to short

[10:38] {strider} interesting daily...enoc

[10:38] {nemo} nuva running

[10:38] {lasertrev} ok

[10:39] {dino} beat up yesterday nuva

[10:41] {BillyD} DRAM, a bit jumpy with spread

[10:41] {BillyD} daily look snice

[10:42] {strider} enoc doesn't believe in pullbacks.

[10:42] {Les} CAT rebounding like you pointed out yesterday Nemo?

[10:43] {nemo} Moth memory can't remember what I said, but when it broke above .60 was major support/resitance

[10:45] {Threei} here is what this market needs:

[10:45] {Threei} The best medical minds of the 16th century prescribed bloodletting as a means to "rebalance the body's humors"

[10:46] {cosmo} sweating works better

[10:46] {Les} we have that equivelant of medicine vad. today its called economics...

[10:48] {Threei} General Motors Corp Reportedly talks to sell Saab to Koenigsegg have fallen apart - CNBC

[10:48] {Threei} **Note: On 8/17, it was reported that Koenigsegg need to secure about $300M in funding to complete the transaction.

[10:48] {Threei} first Saturn, now Saab

[10:49] {Threei} how come no one wants to buy any of those excellent car lines GM collected over decades?

[10:49] {Threei} oh wait...

[10:49] {BillyD} same reason no one wants to buy the cars

[10:49] {nemo} funny...TCM still uses bloodletting, but you remove drops of blood from specific acupuncture points

[10:49] {Threei} scary thought... could be, just maybe... they are not... that excel... no,, I can't even finish that

[10:50] {Les} Saab's are ok. Rather quirky design though. A scandinavian thing...

[10:51] {Threei} maybe for Europe... here their sheer size is ridiculous

[10:51] {fernp} do u like TGT if breaks .50, Vad?

[10:51] {cosmo} the Sonit was my favorite

[10:52] {Threei} for a scalp, mayube...

[10:52] {Threei} if market jumps

[10:52] {fernp} ok

[10:52] {cosmo} sonnet

[10:52] {Threei} lukewarm to say honestly

[10:53] {Threei} just buy smart car cosmo... you know you want it

[10:53] {Threei} and you have no snow... one of two things that make it not so smart

[10:53] {Les} descending triangle on WFC?

[10:53] {fernp} i'll pass TGT

[10:54] {larisa} forget cars, sales of luxury yachts are up 200%. vad did you buy yours?

[10:54] {Threei} it just follows market tick by tick right now Les

[10:54] {Les} k

[10:54] {Threei} no significance to its own formation at this point

[10:55] {Threei} no larisa... those yachts I like are too high maintenance :)

[10:55] {Threei} require crew

[10:55] {dino} lol

[10:56] {Les} c&h aig?

[10:56] {BillyD} Vad, put Cap't Nemo to work

[10:57] {Threei} not really AIG

[10:57] {larisa} small boat painted brightly like they do in the Carribean will work too :) next to small house over there

[10:57] {Les} sorry. its following spy as well

[10:57] {cosmo} 1956 Saab Sonett I Super Sport might be a good investment about now

[10:58] {cosmo} http://1951kaiser.files.wordpress.com/2009/04/saab_sonett-red_56.jpg

[10:58] {larisa} AIG was worth a try off 34.30 support, but was so slow and paceless

[10:59] {ilana} SEED .95 breakdown with market drop?

[10:59] {ilana} late

[10:59] {nemo} see the break of the trend line on seed at 11.10 ilana?

[10:59] {Les} let's see if we get it at .80 trigger

[10:59] {Les} wow

[11:00] {Threei} if you are looking to short SEED, better do it at the points like nemo indicated

[11:00] {nemo} ouch!!!

[11:00] {larisa} lol

[11:01] {nemo} fell off my chair

[11:01] {ilana} lol

06[11:01] * Threei slaps nemo around a bit with a large chair - that same nemo just fell off

[11:01] {Threei} feeling better?

[11:01] {ilana} wouldn't it be too agressive?

[11:02] {Threei} it would,

06[11:02] * nemo nemo crawls in cave...closes door...grabs teddy...pulls blanket over head

[11:02] {Threei} but the point is:

[11:02] {Threei} this speed of decline cuts both ways,

[11:02] {nemo} especially on a stock everybody's watching

[11:02] {Threei} and if you short into vertical drop, it's very easy to get caught in hysterical counterspike

[11:02] {dino} seed drop

[11:03] {nemo} where you been dino?

[11:03] {Threei} first break of th uptrend though, even if you end uip on a wrong side carries way smaller stop

[11:03] {Threei} lol dino... that dial-up is really slow

[11:03] {dino} lol

[11:03] {nemo} I think he's using carrier pigeons

[11:03] {dino} i was in the future, sorry, just got back

[11:04] {Threei} did you bring tomorrow's WSJ?

[11:04] {larisa} whats AMZN price in the future?

[11:04] {larisa} lol vad

[11:04] {dino} wall st. was out of business. amzn was taken over

[11:04] {tomg} bce vad?

[11:05] {dino} and saturn is still losing $ for gm

[11:05] {Threei} way too narrow tom

[11:05] {Threei} 30 cents whole range

[11:06] {tomg} ty

[11:07] {cosmo} cien tests hod 12.42

[11:08] {ese} is it my imagination.....or is there really nothing going on......finding something to trade is like finding the perverbial needle in a haystack deal today

[11:08] {Les} HGSI making a new high

[11:09] {dino} ceph waking up now

[11:10] {ese} is it ever

[11:11] {dino} off of .00?

[11:12] {ese} hmmmmmm

[11:12] {Les} damn. seed not shortable IB

[11:12] {nemo} this is bounce area for seed les

[11:12] {ese} i'm watching the qqqq ...if it makes a break for it above 44....i'll go long ceph

[11:13] {dino} i'm going break of .00

[11:13] {ese} i'm in ..99

[11:14] {ese} changed my mind

[11:14] {ese} l ceph .99

[11:15] {Les} yeh i see yesterdays support. was looking for .5 but...

[11:15] {dino} don't woryy, les is more

[11:16] {nemo} bad....anyway...ceph been having real problems with 55

[11:16] {dino} you must luv walmart les, you get to use the 20 items or les line

[11:16] {nemo} wow dino...

[11:16] {Les} ?

[11:17] {ese} lol

[11:17] {nemo} dino's on fire today les

[11:17] {dino} you're les

[11:17] {Les} who's opposite dino?

[11:17] {Les} anyone?

[11:17] {nemo} he's in switzerland dino...doesn't see the commercials

[11:17] {dino} ahh, i see

[11:17] {Les} someone to hit Dino?

[11:17] {dino} ouch

06[11:17] * nemo slaps dino around a bit with a large dose of geographical awareness

[11:17] {BillyD} violent group

[11:18] {Les} who is it that works togethor?

[11:18] {Les} ese and mags?

[11:18] {dino} see, future again

[11:18] {ilana} what do you have the trout for?

[11:18] {nemo} dino and mags

[11:18] {dino} ouch before the slap

06[11:18] * nemo slaps ilana around a bit with a large trout

[11:18] {ese} whaaaaaa........i'm casual observer here

[11:18] {ilana} me??

[11:18] {Les} voila. mags, sic him!

[11:18] {BillyD} lol....u asked for it

[11:18] {nemo} don't be looking for fair here ilana

[11:18] {ilana} no, i told les about it

[11:18] {nemo} Nature is unkind...

[11:19] {ilana} yours?

[11:19] {nemo} whose?

[11:19] {Threei} nemo is not exactly a gentleman, you know

[11:19] {Les} how do you do that Nemo?

[11:19] {nemo} do what?

[11:19] {Les} the red script?

[11:19] {nemo} mirc

[11:19] {strider} AMZN?

[11:20] {nemo} below 133 strider, but this is bounce area

[11:20] {ese} casual observer and loosing money in ceph.......shoulda waited for the break......ah what the H......trading adrenalin hit

[11:20] {Threei} Long Setup: ILMN .60 if holding above .50

[11:21] {magoo} in

[11:21] {dino} may be better worlds than ceph

[11:21] {ese} IT"S A CALL.......quick everyone.......could be the last one of the day

[11:22] {magoo} roflol

[11:22] {Threei} oh come on... it's a 4th one today

[11:22] {nemo} he said last

[11:23] {Threei} no worky anyway

[11:23] {nemo} moight be db

[11:23] {ese} this board is just too goofy some days................................LOVE IT!!!!

[11:23] {magoo} anyway? it triggered

[11:23] {ese} ceph heading back to .00

[11:24] {dino} like a seesaw

[11:24] {ese} it'll break it dino....just a question of when

[11:24] {Les} goog consolidation?

06[11:24] * magoo slaps Les around a bit with a large trout

[11:24] {Threei} GOOG

06[11:24] * nemo slaps Les around a bit with a large trout

[11:24] {ese} 15 min chart is screamin it

[11:24] {Threei} no, really?

[11:24] {Les} ah no, spy follower

[11:25] {Threei} yeah, that's the only thing that is wrong with GOOG

[11:25] {Threei} lol

[11:25] {Les} that's pretty hard slapping there fellas

[11:25] {nemo} seed break of .90 stop under .70

[11:25] {nemo} ?

[11:25] {Threei} nah

[11:26] {BillyD} stocks seem to come within pennies today

[11:26] {magoo} i like ILMn off fitty

[11:26] {magoo} but it went

[11:26] {dino} maybe now

[11:27] {ese} come on ceph.....thats a good little stock now........

[11:27] {ese} ahhhhh even money

[11:28] {strider} Vad, why do you do half lots on some?

[11:29] {Threei} volatilitu

[11:29] {ese} .989912........what kind of flippin quote is that for time and sales

[11:29] {Threei} imagibe slippage on GOOG

[11:30] {ese} pausing dino

[11:31] {Threei} Short Setup: SEED .85 break

[11:31] {nemo} cat looking a tad precarious, might be a short of .60

[11:32] {Threei} if stays under .90

[11:33] {strider} Why was that a short?

[11:33] {ilana} ILMN eventually worked

[11:33] {Threei} it wasn't

[11:33] {Threei} it nevere triggered

[11:34] {strider} I know. but what made you call it as a short. ?

[11:34] {Les} ascending wedge?

[11:34] {Threei} minirange with support at .85

[11:34] {nemo} seed still might be setting up for short

[11:34] {bkhmd} I agree nemo

[11:35] {Threei} formed at the top (at the moment) of the bounce

[11:35] {magoo} i think SEED is a short and a long just about timing and levels

[11:35] {nemo} funny guy

[11:36] {ese} ceph p 125 in vads book........flatline at the high

[11:36] {ese} ahhhhh finally

[11:36] {ese} diiiinnnoooo??

[11:37] {ese} ok 1 more k to make this exciting

[11:38] {ese} daaaaaaaaa

[11:38] {nemo} big bid .90 on seed

[11:38] {larisa} scalping wise it is not a short now imo. pullback into .70 at 11.23 was a long entry on downtrend break. no?

[11:38] {larisa} on SEED

[11:38] {dino} i'm here and in

[11:39] {nemo} long or short dino?

[11:39] {dino} l

[11:39] {dino} ceph that is

[11:40] {nemo} oh

[11:41] {nemo} larisa, see that big order at .85, that's right on the 200, would be a stop for me

[11:41] {Threei} CEPH is amazingly narrow for such a dump itr went throuigh

[11:42] {nemo} might be the week vad

[11:42] {Threei} short week you mean?

[11:43] {larisa} i do not look for those nemo, but double top over 11 gave a signal :)

[11:43] {nemo} yeah nobody around tomorrow or friday

[11:43] {nemo} computers trading computers

[11:43] {Les} people take weekend from Wednesday?

[11:44] {nemo} half day tomorrow and friday les

[11:44] {Les} markets too?

[11:44] {larisa} tomorrow half?

[11:44] {Threei} no

[11:44] {nemo} cat on the verge of short, no volume indication

[11:44] {nemo} open all day, but how many people gonna' be there?

[11:44] {Threei} but I am debating whether it's worth even waking up on Friday

[11:44] {BillyD} it is Vad, to eat more

[11:45] {Les} Vad GS good for .10 short?

[11:45] {Threei} ok... I'll give you that... but what about trading? :)

[11:45] {larisa} lol

[11:45] {Les} what, you wanna take the day off?

[11:45] {BillyD} lol

[11:45] {Threei} .10?

[11:45] {Threei} GS?

[11:46] {Les} from its area of consolidation down to previous low

[11:46] {Les} but too late

[11:46] {nemo} cat short under .50...but...pivot s1 at .46

[11:46] {Threei} Les... what price do you have for GS??

[11:46] {dino} crmt salmon

[11:47] {strider} looks like an exploded salmon

[11:47] {Les} ah no Vad. .10 profit target. not trigger price

[11:47] {Threei} lol

[11:47] {Threei} how am I supposed to evaluate the trade with no setup

[11:47] {Les} sorry. will use trigger price in future

[11:47] {strider} How can you possibly make any sense out of that chart, dino? :)

[11:48] {Les} k

[11:48] {nemo} he does it all the time strider...rorschach tests are Dino's specialty

[11:48] {strider} Ah, you're looking at 15 m in. or so.

[11:49] {magoo} iis friday half day?

[11:49] {dino} chart says up, whats to know

[11:49] {strider} dino, you da man

[11:49] {fernp} Friday markets close at 1 pm

[11:50] {Threei} 11:47] {strider} looks like an exploded salmon

[11:50] {Threei} rofl

[11:50] {Threei} I just looked

[11:51] {Threei} salmon that swallowed the grenade

[11:51] {dino} i'm a simple guy thats all

[11:52] {strider} haha

06[11:53] * strider slaps ese around a bit with a large copy of p.125 of Vad's book.

[11:55] {nemo} geez...volumes actually pretty good today

[11:55] {nemo} whoa...crude under 76

[11:56] {dino} gco strange

[11:57] {Threei} Long Setup: SEED .90 break

[11:57] {Threei} if holding above .80

[11:59] {strider} FAS dbl bottom

[12:00] {ese} ST.....didn't see the slap ....was reading vads book........

[12:00] {strider} :)

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

[12:00] {Threei} - NYSE volume 370M shares, about 24% below its three-month average; decliners lead advancers by 2.7:1.

[12:00] {Threei} - NASDAQ volume 865M shares, about 13% below its three-month average; decliners lead advancers by 2.3:1.

[12:00] {Threei} - VIX index -1.3% to just under 21.00

[12:00] {ese} ahhhhhhh and it's another call!!1

[12:01] {Threei} wow... must be a good book, people endure physical violence not noticing it

[12:01] {BillyD} maybe short SEED on .80 here

06[12:01] * Threei thinks of suggesting his book to surgeons as anestetic

[12:02] {strider} nah, give em Farley's book for that.

[12:02] {nemo} nahhh...sharp edges

[12:03] {fernp} invalidated SEED for two cents?

[12:03] {Les} no its hardcover. very good for defence

[12:03] {ilana} let;s flip a coin

[12:04] {nemo} becomes discretionary

[12:09] {nemo} jeez, ceph just doesn not want to go above 55

[12:10] {ese} yaaaaa driving me nuts

[12:10] {nemo} ese...that's impossible

[12:11] {ese} whaaaaaaaaa

[12:11] {nemo} (you're already there :))

[12:12] {ese} ahhhhh I represent that remark

[12:12] {nemo} I realize it's the pot calling the kettle black..but...takes one to know one

[12:12] {ese} the longer ceph bumps up against 55 the farther it will go once it gets through

[12:13] {larisa} vad, you can kick nemo

[12:13] {nemo} well, the FW 200 period and vwap are moving up...they're both at .90

[12:14] {Les} lol

[12:14] {larisa} why so much attention to CEPH, it is dead? let it wake up first

[12:14] {larisa} or somebody in?

[12:15] {Threei} does the reason for the kick appear on main screen?

[12:15] {larisa} I have all comments off, so not for me

[12:15] {Les} yes

[12:16] {Les} jcp bounce coming?

[12:16] {Threei} it's so narrow

[12:17] {Threei} even if yes, what to count on... 5 cents?

[12:17] {Les} hmm. trawling through S&P charts. like digging up tombs...

[12:17] {strider} amzn break of .30?

[12:17] {strider} long

[12:17] {Les} nothing alive

[12:17] {Threei} lol, nemo, you are not on autoreconnect??

[12:18] {nemo} yeah, I closed the discussion window, so I just shut it down and restarted

[12:19] {ese} afreed laris

[12:19] {nemo} cat short .69?

[12:19] {ese} thats agreed

[12:19] {nemo} or short at top of pullback?

[12:19] {BillyD} range is so small hard to do anything right now

[12:19] {nemo} then again, it's only .07 to support

[12:20] {Threei} market is locked in a very narrow range - and so are all these stocks

[12:20] {Threei} until we get direction again, all these trades are just 50/50 coin toss

[12:20] {BillyD} unless you trade SEED, it expands its range

[12:20] {larisa} lol

[12:27] {Threei} (US) President Obama: Plans to announce new Afganistan strategy soon (related EUR/USD GLD )

[12:27] {Threei} reminds me Charlie Harper's dialoh with one-night-stand who asks him when he is going to call her

[12:27] {Threei} soon

[12:27] {Threei} how soon?

[12:27] {Threei} very soon!

[12:28] {Threei} SEED suddenly decided to go

[12:28] {magoo} if the players get looking for something to do here.....SEED

[12:29] {nemo} only table with action

[12:31] {dino} got booted

[12:31] {Threei} here is one Afghan strategy: get out of there

[12:31] {nemo} ese, still in ceph?, should bounce here

[12:31] {dino} anyway, hl l gco .25

[12:31] {dino} y

[12:32] {Threei} that was atrange dino... you had big ping delay (over 2 min) but magoo was fine

[12:32] {nemo} and magoo's the surfer

[12:32] {BillyD} magoo put a hairline cut in dino's cable

[12:32] {Threei} and spiked his beer?

[12:33] {dino} dk

[12:33] {nemo} rufies?

[12:33] {Threei} yikes

[12:33] {magoo} vad, any thoughts on SEED?

[12:33] {dino} they grow

[12:33] {Threei} feels to me like getting ready for momo resumption

[12:33] {nemo} ba da bum

[12:33] {Threei} lol

[12:33] {nemo} seed

[12:33] {nemo} duh

[12:33] {nemo} nevermind

[12:36] {Threei} annual drama resumes

[12:36] {Threei} GAZP.RU Announces it will cut supply of natural gas to the Ukraine to 33.75B cubic meters in 2010

[12:37] {dino} annual thing

[12:37] {Threei} yep

[12:37] {Threei} blackmailing Europe

[12:37] {Threei} with that funny refrain "we are too civilized to use natural gas as a weapon"

[12:38] {Threei} Preview: minutes of the Nov 4 FOMC meeting to be released at 14:00ET

[12:38] {Threei} **in a unanimous vote on Nov 4, the FOMC held rates again at 0.25% and maintained its pledge to hold rates exceptionally low for an "extended period." In its policy statement, the FOMC reduced its agency debt program to 'about' $175B from $200B and stated:

[12:38] {Threei} - Economic activity "has continued to pick up."

[12:38] {Threei} - Businesses still cutting back on fixed investment and staffing, yet at lower pace

[12:38] {Threei} - Household spending seems to be expanding; spending affected by job losses and tight credit; lower housing wealth.

[12:38] {Threei} - Economic slack and low inflation justify low rates.

[12:38] {Threei} - To gradually cut the pace of agency debt and MBS purchases (to purchase total $1.125T of agency mortgage backed securities); expects completion by Q1 2010.

[12:39] {Threei} also,

[12:39] {Threei} Preview: Treasury's $42B 5-year note auction results due just after 1PM ET

[12:39] {Threei} - $42B auction size is a $1B increase from Oct

[12:39] {Threei} - prior bid-to-cover ratio 2.63 with an average of 2.28 over the last 10 auctions

[12:39] {Threei} - indirect bidders took 54.8% of competitive bids at last auction with 2.81% alloted at the high

[12:39] {Threei} - When Issued notes currently yield 2.18% which is roughly 4 basis points higher than the cash market

[12:39] {Threei} maybe some day I'll learn to interpret results of these auctions

[12:43] {ese} one breif shinning moment .......again

[12:43] {ese} brief

[12:45] {ese} auch du miya........

[12:46] {nemo} hey ese...you practicing threeish?

[12:46] {ese} threeeish?

[12:46] {nemo} [12:43] {ese} one breif shinning moment

[12:47] {ese} 3i?

[12:47] {nemo} yeah

[12:47] {ese} lol........ahhhhhh ya.....ya ya thats it

[12:47] {larisa} or 3e :)

[12:47] {Threei} you don't practice it... it either comes to you as a beam of shining hope through the dark heavy clouds of worldwide misery... or you are pretty much screwed

[12:48] {larisa} no, you still can spell and be happy at the same time:)

[12:48] {ese} indeed

[12:49] {larisa} dino, we still waiting for the pullback under 10k or pattern is broken?

[12:50] {larisa} he is checking it in the future :)

[12:51] {ilana} no, he simply didn't get the message yet :-)

[12:52] {dino} i think we go to 9900s by end of month or early dec.. but what do i know

[12:53] {larisa} ok

[12:53] {dino} 400-600 pt pullback are the pattern

[12:54] {larisa} if we shoot up from these levels without good pullback, I will learn treeish

[12:54] {larisa} caz it is equally crazy

[12:59] {Threei} I really hope you are right dino

[12:59] {Threei} we need ranges to widen

[12:59] {Threei} these long periods of freeze become tiresome

[13:00] {nemo} open the bottle

[13:00] {Threei} I am not as anxious as magoo, but even I want more action

[13:00] {Threei} nemo, this comment you just started typing

[13:00] {strider} ese, you're an old song and dance man....entertain vad for awhile.

[13:00] {Threei} don't even think about it

[13:01] {Threei} strider, here is the problem with that concept:

[13:01] {Threei} ese demands shishkebab for that

[13:01] {Threei} and I end up the entertaining one {G}

[13:01] {strider} hmmm....

[13:02] {dino} i agree vad, lately we stop moving after the first 30 minutes or so

[13:02] {strider} nemo...break out the bottle.

[13:02] {Threei} TREASURY'S $42B 5-YEAR NOTE AUCTION DRAWS 2.175%; BID-TO-COVER RATIO: 2.81 V 2.63 PRIOR AND 2.28 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 60.9% of competitive bids with 67.3% alloted at the high

[13:02] {Threei} - median 2.%, low 2.%

[13:03] {Threei} mind you, I know that in order to get more action I need to get out more.... but my wife somehow objects every time I broach the subject

[13:03] {larisa} do not listen to her

[13:03] {nemo} don't understand her reticence...

[13:03] {larisa} lol

[13:05] {bkhmd} Vad what type of action are you talking about?

[13:05] {Threei} market action of course

[13:05] {bkhmd} perhaps u need to listen to wife lol

[13:06] {bkhmd} lol

[13:06] {Threei} but with nemo around, you have to consider unexpected angles

[13:06] {bkhmd} thats why i asked

[13:12] {magoo} nemo certainly has taken the focus off of magoo:)...its nice for me

[13:13] {strider} A break to the upside here might get a little more action.

[13:13] {magoo} AONE

[13:13] {Threei} don't worry mags

[13:13] {Threei} won't take long to switch back

[13:13] {Les} RweIN? (TM)

[13:14] {Threei} no news AONE

[13:15] {dino} zzzzzzzzzzzzzzzzzzzzzz

[13:15] {strider} A123 Systems project part of 32 granted funding by Department of Energy

[13:15] {strider} A123 Systems will receive $5M of Recovery Act funding to install 20 community energy storage units into a system that includes a 1 MW storage device integrated into a solar system.

[13:16] {Les} wow. from the ascending triangle that news was all AONE to go to the moon

[13:16] {Les} needed to go to the moon

[13:17] {strider} I want to subscribe to the news that our news sources use.

[13:21] {Threei} AONE Strength being attributed to DOE's list of projects in smart grids (15.81, +1.28, 8.81%)

[13:21] {Threei} 5M is nothing for AONE

[13:21] {Threei} this news is just an excuse for traders to remember about formely hot one

[13:21] {Threei} nemo, don't even think about it

[13:22] {Threei} - Specifically; Detroit Edison was awarded $5M for Detroit Edison's Advanced Implementation of A123s Community Energy Storage Systems for Grid Support - Demonstrate the use and benefits of Community Energy Storage (CES) systems for utilities and test the ability to integrate secondary-use electric vehicle batteries as part of the CES demonstration.

[13:22] {nemo} I was looking at cat as a short, wasn't thinking about anything

[13:24] {strider} gotta go.......see y'all tomorrow.......I'm expecting a lot of action.

[13:24] {fernp} bye strider

[13:24] {magoo} bye stry

[13:24] {bkhmd} market action right strider?

[13:24] {Threei} take care strider

[13:24] {bkhmd} take care

[13:24] {strider} :)

[13:26] {dino} cya stride

[13:27] {dino} wall of china at .00 ceph

[13:30] {nemo} pru strong today

[13:32] {BillyD} ILMN strong

[13:35] {bkhmd} too much action Vad can u slow this market down lil?

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

[13:39] {fernp} QQQQ is halted? T/S doesn't show activity :-)

[13:40] {nemo} no, it's just so frickin' slow today

[13:41] {Threei} SEED decent drop

[13:42] {magoo} more like "indecent"

[13:43] {bkhmd} yea i had my eye on s break of 92 and the pizza guy rings bell come back and its gone

[13:44] {nemo} cat slowly climbing

[13:45] {fernp} very expensive pizza, bk

[13:45] {Threei} pizza guys are evil

[13:45] {Threei} even worse than cable guys

[13:45] {bkhmd} and its not even my favorite

[13:45] {fernp} lol

[13:46] {Threei} not favorite guy?

[13:46] {fernp} or cable?

[13:46] {bkhmd} ur sick today vad man

[13:46] {Threei} I am bored :)

[13:46] {Threei} whole day, 4 trades

[13:46] {Threei} well, half day

[13:46] {bkhmd} first u want action outside the house now u want my pizza guy?

[13:46] {bkhmd} lol

[13:46] {bkhmd} lol

[13:47] {Threei} nah, keep the guy

[13:47] {bkhmd} lol

[13:47] {Threei} but if you still have pizza, magoo, dino and I are on our way

[13:47] {bkhmd} plenty here mushroom only

[13:47] {Threei} no meat?

06[13:47] * Threei cancels airttickets

[13:47] {dino} garbage

[13:48] {bkhmd} wife is veggie girl

[13:48] {Threei} wow...

[13:48] {magoo} i like veggie pizza..also like meat lovers

[13:48] {Threei} Preview: minutes of the Nov 4 FOMC meeting and updated Fed staff economic forecasts to be released at 14:00ET

[13:48] {Threei} **today's minutes may include further discussion of the Fed's testing of repo programs, and could also inlcude talk from inflation hawks worried about the size of the balance sheet. But such hawkish talk may be discounted on the heels of an unexpected large rise in the unemployment rate to 10.2% a few days after the FOMC meeting. Since then, Fed Chairman Bernanke delivered a dovish speech (last Monday) that might dampen the impact of any more hawkish tone in today's minutes.

[13:49] {bkhmd} IMHO Pizza Hut Supreme cant be beat

[13:49] {magoo} really dont like pizza hut

[13:49] {Threei} there are a lot of things I could forgive women for... but being a veggie is not among them

[13:49] {magoo} now i feel like pizza for tonite

[13:50] {bkhmd} whats that

[13:50] {Threei} unless you interpret veggie like I do when I say:

[13:50] {Threei} if you are what you eat, then cow is a vegetarian

[13:51] {bkhmd} lol

[13:51] {Threei} thus a vegetable

[13:51] {dino} lol, going there tonight

[13:51] {Threei} thus I am one too

[13:51] {bkhmd} anti?

[13:51] {bkhmd} oops wrong window

[13:53] {fernp} SEED db?

[13:53] {Threei} or breakdown

[13:54] {Threei} toss a coin

[13:58] {magoo} AONE resumes

[13:58] {BillyD} yeah, took it .10 to .31

[13:59] {magoo} im in .00

[13:59] {BillyD} I missed it there

[13:59] {BillyD} too late

[13:59] {magoo} trying for .40 area

[14:00] {Threei} MINUTES OF THE NOV 4 FOMC MEETING: SAW DECLINE IN USD WAS ORDERLY; LOW RATES MAY CAUSE EXCESSIVE RISK TAKING

[14:00] {Threei} Wary of falling USD and impact on inflation

[14:00] {Threei} - Economic Forecast:

[14:00] {Threei} - 2009 GDP (-1.5 to -1% prior)

[14:00] {Threei} - 2010 GDP (2.1-3.3% prior)

[14:00] {Threei} - 2011 GDP (3.8-4.6% prior)

[14:00] {Threei} - Unemployment: 2009 (9.8 to 10.1% prior)

[14:00] {Threei} - 2010 (9.5-9.8% prior)

[14:00] {Threei} - 2011 (8.4-8.8% prior)

[14:01] {Threei} - PCE inflation: 2009 (1.0-1.4% prior)

[14:01] {Threei} - 2010 (1.2-1.8% prior)

[14:01] {Threei} - 2011 (1.1-2.0% prior)

[14:01] {Threei} - Core PCE: 2009 (1.3-1.6% prior)

[14:01] {Threei} - 2010 (1.0-1.5% prior)

[14:01] {Threei} - 2011 (0.9-1.7% prior)

[14:02] {magoo} out ..27 ty vad

[14:02] {Threei} this PCE forecast screams "rates remain low for quite a while"

[14:03] {Threei} hmm?

[14:03] {Threei} why me?

[14:03] {magoo} why not?

[14:03] {BillyD} it's Thanksgiving week Vad

[14:03] {Threei} oh

[14:03] {Threei} okay then

[14:03] {bkhmd} did i miss a call?

[14:03] {bkhmd} Mibbit acted funny had to restart

[14:04] {ilana} do you exchange setups in PM? :-)

[14:05] {magoo} no, we were independent billy and i

[14:05] {Threei} yes but I send magoo only losing ones

[14:05] {magoo} i didnt know he was in

[14:05] {ilana} that;s why he said thank you....

[14:05] {Threei} I suspect he broke my code though and sstarted tgrading them in opposite direction

[14:08] {Threei} Market Internals update at 2:00pmET

[14:08] {Threei} - NYSE volume 515M shares, about 26% below its three-month average; decliners lead advancers by 2.7:1.

[14:08] {Threei} - NASDAQ volume 1.18B shares, about 18% below its three-month average; decliners lead advancers by 2.5:1.

[14:08] {Threei} - VIX index -1.75% to just under 21.00

[14:09] {magoo} i hit A1 again

[14:09] {magoo} looking fo .47

[14:09] {Threei} looks like getting ready to attack .50

[14:11] {magoo} wow..its gwetting fast hre

[14:13] {magoo} keep missing AMZN

[14:14] {magoo} stalk it...forget it...POW

[14:16] {dino} lol, uncle buck on e channel

[14:22] {fernp} I'm not trained to withstand this stress. I need to rest. Have a good evening everybody. See you all tomorrow

[14:22] {dino} cya fern

[14:22] {bkhmd} later fern

[14:23] {magoo} fern:)

[14:24] {Les} Vad. amzn short .70 break?

[14:24] {Les} forget it

[14:24] {Threei} doesn't look right to me

[14:24] {Threei} oh come on fern

[14:24] {Threei} suffer with us

[14:25] {Les} I'm suffering with nice bottle of Argentinian Malbec...

[14:25] {fernp} i'm gone

[14:25] {Les} SEED b7d

[14:25] {Les} b/d

[14:25] {Les} later fern

[14:26] {dino} and magoo's suffering....from a hangover

[14:26] {Threei} SEED break looks attractive to me

[14:26] {Threei} I just want a little consolidation

[14:26] {Threei} not such drop into suppport

[14:26] {Les} for a short?

[14:26] {Les} or bounce

[14:26] {magoo} breakdown u mean? or long?

[14:27] {Threei} breakdown

[14:27] {Threei} was eyeing .50

[14:27] {Threei} but not on vertical drop

[14:27] {Les} I can't short seed

[14:28] {Les} will try again

[14:28] {magoo} still in A1

[14:30] {magoo} waiting .88

[14:32] {Les} amzn bounce from here?

[14:32] {ilana} amzn

[14:32] {ilana} oops

[14:33] {Les} lots of eyes watching. what I like about being here...

[14:34] {Les} pack of wild Ukrainian wolves, searching for next meal

[14:34] {Threei} ugh... bounce into .50 was it SEED... missed it

[14:34] {magoo} out A1 ,87 ty vad

[14:34] {BillyD} gj magoo

[14:34] {bkhmd} gj magoo

[14:35] {Les} amzn vad?

[14:36] {Threei} looks like breakdown to me

[14:37] {Threei} but no precise setup

[14:37] {ilana} SEED is like its twin

[14:39] {magoo} jazz

[14:39] {Threei} (US) House Democrats are drafting a 0.25% tax on financial transactions, aiming to raise $150B/year - thehill.com

[14:39] {Threei} - Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25% tax.

[14:39] {Threei} - The bill, a copy of which was obtained by The Hill, is titled the "Let Wall Street Pay for the Restoration of Main Street Act of 2009."

[14:39] {Threei} - Half of the $150 billion in tax revenue would go toward reducing the deficit, while the other half would be deposited in a job creation reserve to support new jobs.

[14:39] {Threei} ***Insight: A Tobin tax is the suggested tax on all trade of currency across borders. Named after the economist James Tobin, the tax is intended to put a penalty on short-term speculation in currencies. The original tax rate he proposed was 1%, which was subsequently lowered to between 0.1% and 0.25%

[14:40] {dino} jazz

[14:41] {Threei} rumors?

[14:41] {Threei} I don't have anything on it

[14:44] {magoo} aig

[14:45] {nemo} no rhyme or reason to these breakouts

[14:46] {Threei} just roll the dice what's next

[14:46] {Threei} like say... DNDN?

[14:46] {magoo} in

[14:46] {magoo} ;lol

[14:46] {Threei} lol

[14:54] {magoo} vad rread on A1?

[14:55] {Threei} looks like next leg starts

[14:56] {magoo} yup

[14:56] {Threei} to about .30 -.35

[14:57] {ilana} SEED could be .20 breakdown?

[14:57] {Threei} can't tell

[14:57] {Threei} I jhave hard time reading its breakdowns

[15:01] {Threei} (US) State of California launches prelim draft regulation for greenhouse gases cap and trade; designed to start in 2012

[15:01] {Threei} - Legislation to potentially include transport; home and heating oil along with other CO2 sources.

[15:01] {Threei} - Preference is for autioning CO2 allowances.

[15:02] {Threei} csomo... what are you doing

[15:03] {BillyD} JAZZ may not e done

[15:03] {BillyD} be

[15:04] {Threei} Long Setup: JAZZ .10 break

[15:07] {bkhmd} stop 8?

[15:07] {ilana} if stays above 8?

[15:07] {Threei} yup

[15:11] {BillyD} JAZZ had that look for a moment

[15:12] {Threei} sure did

[15:12] {Threei} then shrugged, wilted and died

[15:12] {BillyD} oh well, there is always SEED to watch.....puke, puke

[15:13] {larisa} lol

[15:14] {Les} aig short .80?

[15:14] {bkhmd} yep

[15:14] {bkhmd} ;p;

[15:14] {bkhmd} lol

[15:14] {Les} going going gone

[15:15] {bkhmd} look at the trend line

[15:17] {Threei} here it iks back into trigger

[15:17] {Threei} iff you believbe into it, this is the chance

[15:17] {nemo} what? aig

[15:17] {Threei} yez

[15:17] {nemo} wow

[15:20] {Les} jazz is dead duck

[15:23] {dino} you want dead d7ucks, look at fdo and ceph, sheesh, all day and nothing

[15:24] {dino} looks like a heart failure

[15:24] {nemo} ceph just spiked both ways

[15:25] {bkhmd} Rimm is always good for something at this time of day

[15:26] {bkhmd} Vad reach into ur box of tricks and pull something out

[15:27] {dino} gco to .60

[15:27] {magoo} A1

[15:28] {Threei} I did

[15:28] {Threei} 14:55] {Threei} looks like next leg starts

[15:28] {Threei} [14:56] {magoo} yup

[15:28] {Threei} [14:56] {Threei} to about .30 -.35

[15:30] {dino} fdo to .93

[15:32] {dino} gco tighten to .69

[15:34] {dino} out gco .68, +.43

[15:41] {dino} out fdo .03, +.23

[15:43] {bkhmd} good night all

[15:45] {Threei} take care bk

[15:45] {dino} cya bk

[15:54] {Threei} what do you know... SEED wasn't dead

[15:56] {Threei} 10 points range NQ for the most of the day

[15:57] {Threei} 15 overall

[15:58] {Threei} okay guys, thank you all

[15:58] {nemo} cya...won't be back until next week...might check in tomorrow though...wouldn't want you guys to miss one day of my tremendous wit.

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {dino} out ceph .94 m-.06

[15:58] {larisa} bye :)

[15:58] {Les} night all

[15:59] {dino} out crmt .67, +.60 swing

[16:00] {Threei} wtg

[16:00] {BillyD} GN all

[16:00] {dino} thx

[16:04] {dino} gn all, gotta hop

[16:08] {Threei} NVIDIA Corp U.S. Patent Office Rejects All 17 Claims in Three Rambus Patents Asserted Against NVIDIA in International Trade Commission

[16:08] {Threei} - U.S. Patent and Trademark Office (USPTO) has rejected all 17 claims in three Rambus patents that the company had asserted against NVIDIA in the International Trade Commission (ITC).

[16:08] {Threei} - The action, known as filing an action closing prosecution, follows preliminary rejection of the claims earlier this year by the USPTO.

[16:13] {magoo} ty

Nov 23 2009

Not bad day with quite a few trades for a Monday. RIMM, WFC, SYMC, SEED, RMBS short, HIG short, ACI short... most of them worked, although just two or three were good for more than scalp


Session Time: Mon Nov 23 00:00:00 2009

[08:41] {Threei} Research in Motion Ltd UPDATE: NPD data show Blackberry Curve was best selling smartphone in Q3; Apple iPhone 3GS was second; total smartphone sales up 4.2% to 43.3M units in Q3
[08:41] {Threei} - the rest of the top five include the iPhone 3G, Blackberry Tour, and Blackberry Storm.
[08:42] {Threei} US) IMF's Strauss-Kahn: Confidence in USD will not disappear soon
[08:42] {Threei} must be the reason it's getting sold off
[08:42] {Threei} too much confidence causes selling, ya know
[08:42] {nemo} yeah, frickin idiot
[08:43] {BillyD} GM All
[08:44] {Threei} Billy :)
[08:46] {Les} hey vad
[08:46] {Threei} les :)
[08:47] {Les} just curious. need to contact info@realitytrader.com. Is that you, or do you have staff?
[08:47] {Threei} just contact who you need... what does it matter to you?
[08:48] {Les} :) just being nosey
[08:49] {strider} morning everyone.
[08:49] {Threei} strider :)
[08:50] {Les} watching UPRO. first time I've reflected on danger of wide spread, low vol, so didn't buy. still, up 23 cents.
[08:50] {Les} strider
[08:51] {strider} Vad:)
[08:51] {Threei} I don't possess enough technical knowledge to run a website or marketing, nor do I have time and desire to deal with financial stuff Les
[08:52] {nemo} strider...
[08:52] {strider} :)
[08:55] {Les} ok. I just cancelled my subscription...
[08:56] {Les} will take realitytrader up on the 6 month offer
[08:56] {Les} no getting rid of me now baby...
[09:03] {cosmo} no more, no Les
[09:03] {Threei} lol
[09:04] {cosmo} :)
[09:04] {Threei} practicng since early morning I see, cos
[09:04] {bkhmd} morning all
[09:04] {Threei} bkh :)
[09:05] {strider} CEPH
[09:05] {Threei} today is a first time NLST i\s not gapping up
[09:07] {Les} KIRK gapped up to new high today
[09:16] {cosmo} SEED: Origin Agritech Announces Final Approval of World's First Genetically Modified Phytase CornBusiness Wire(Sat, Nov 21)
[09:17] {strider} AMZN upgrade, gap up
[09:18] {Threei} SEED has history of being a runner
[09:19] {cosmo} FEED sympathy?
[09:20] {Threei} I guess... no its own news for FEED
[09:21] {ese} bout time
[09:21] {Threei} lol
[09:21] {Threei} it may let you in easier if you use your nickname, ese...
[09:22] {KSystems} Good morning
[09:22] {larisa} gm :)
[09:22] {Threei} larisa :) welcome back
[09:22] {Threei} ks :)
[09:22] {ese} i did........sheesh...... we didn't mean to yell that hard vad coming back from vancouver on the ferry last night......
[09:22] {ese} it was just a friendly gesture
[09:23] {Threei} say thank you I didn't throw grenades
[09:23] {ese} and all we yelled was hello vad........with the windows of the car down.....sheesh
[09:23] {Threei} that's my normal way to answer the geetings
[09:23] {ese} spoiled sport!
[09:23] {lasertrev} gm
[09:24] {ese} laser
[09:24] {Threei} trev :)
[09:25] {ese} what are you following vad
[09:25] {Threei} SEED
[09:25] {Threei} FITB
[09:27] {ese} still have my fitb position from friday L .05
[09:27] {Threei} nice way to start the day then
[09:28] {ese} very
[09:28] {ese} whats the story with seed
[09:28] {Threei} Origen Agritech Ltd. Received approval from authorities in China for genetically modified phytase corn
[09:29] {Threei} - Chairman: With this landmark seed approval, we are not only own the first GM corn seed product in China, but we are actively leading the new genetically modified generation of agricultural products for China, and will continue to do so for the future.
[09:30] {ese} so popcorn kernells with now be deformed.......what kind of world is this man.....can't they leave anything alone
[09:30] {bkhmd} but its lead free ese
[09:30] {Threei} disgusting spread jumps opn SEED
[09:30] {bkhmd} lol
[09:30] {Threei} kept me from calling 7 break
[09:31] {ese} ahhhhhhhh
[09:32] {Threei} what's with DRAM
[09:32] {Les} UPRO is up over a buck since I started watching. will remember this when futures are so strong in future.
[09:32] {Threei} NLST dump
[09:33] {Les} KIRK jbe?
[09:33] {Threei} lol
[09:33] {Threei} it was
[09:33] {Les} one day Ill be like mags and jump all over it. but that day is not today
[09:33] {Threei} same problem as SEED, spread is horrific
[09:34] {strider} CEPH additional downgrade
[09:35] {Threei} RIMM
[09:35] {Threei} bounce hunt is on
[09:35] {Threei} .30 break if holdnng above .20
[09:36] {Threei} invalidated
[09:36] {ese} deck and fslr....minimum spread .25\
[09:36] {Threei} .10 break
[09:36] {Threei} if holding above 60
[09:36] {Threei} half lot
[09:37] {Les} in
[09:38] {fernp} ty
[09:38] {Threei} over 1:1 easy
[09:38] {Threei} what was the deal with stubborn seller at .14
[09:38] {Threei} served as cork in the champaign bottle
[09:39] {BillyD} out ty
[09:39] {Threei} over 1:2
[09:39] {Threei} out in full in you partialled
[09:40] {Threei} where is magoo... once in a blue moon RIMM behaves
[09:40] {strider} thx vad
[09:40] {Threei} sure thing
[09:40] {strider} avg. +.25
[09:40] {Les} done ty
[09:40] {Threei} let's see if there is double bottom in it
[09:40] {Threei} no, lower low
[09:42] {Les} kirk
[09:42] {Threei} Preview: Oct Existing Home Sales due out at 10amET
[09:42] {Threei} **consensus expectation: 5.70Me (+2.3% m/m) v 5.57M prior.
[09:42] {Threei} - range of expectations is between 5.2M to 6.0M.
[09:42] {Les} sorry still bad spread
[09:45] {Threei} watching WFC
[09:45] {Threei} short idea
[09:45] {Threei} Short Setup: WFC 28 break if holding below .10 for scalpers, .15 for day traders
[09:49] {bkhmd} in
[09:51] {strider} Vad, read on CEPH?
[09:51] {Threei} 55 break worth a try
[09:52] {strider} thx
[09:53] {Threei} die already WFC
[09:54] {Les} water torture to begin the week...
[09:55] {nemo} les...remember how mags and I bitched about rimm on friday...dumb bastards us
[09:55] {Threei} Analysts at Goldman Sachs look at seasonality effects into Dec/Jan; Continue to see Dec as one of the best historical months for equities
[09:55] {Threei} - State that monthly data back to 1974 shows trend of Dec outperformance, the stronger the year, the stronger the Dec
[09:55] {Threei} - Underperforming sectors in Dec tend to be oil/gas, retail, and miners
[09:55] {Threei} - Outperforming sectors in Dec tend to be travel, chemicals, banks and telcom
[09:56] {fernp} numbers in 4min
[09:57] {Threei} WFC doesn't feel like water torture - rather like a stock with high tension, when it resolves - it resolves very fast
[09:57] {Threei} whiever way it choses'
[09:57] {Les} so WFC testing 28 but failing. does this imply that easiest way is still down?
[09:57] {Threei} when it happens during upward market thrust, yes
[09:58] {Threei} inverted salmon behavior
[10:00] {Threei} *OCT EXISTING HOME SALES: 6.1M V 5.7ME
[10:00] {bkhmd} oooops
[10:00] {Threei} (+10.1% m/m)
[10:01] {bkhmd} grabbed my stop and fell back down WFC stinks
[10:01] {Threei} Total Months Supply: 7.0 months(lowest since Jan 2007
[10:01] {Threei} stop? offer never went above .10
[10:02] {bkhmd} i had my stop at .10
[10:02] {bkhmd} should have been .11?
[10:03] {Threei} first, yes.... and second... was it automatic one??
[10:03] {strider} printed at .17
[10:03] {Threei} those were out of bound prints
[10:03] {Threei} sutomatic stops will be tricked by them
[10:03] {Threei} one of reasons I hate hardwired stops
[10:03] {bkhmd} yes it was auto at .10 and filled at .07
[10:04] {Threei} why do you need them?
[10:04] {Threei} you are right here
[10:05] {fernp} now yes. stopped
[10:05] {Threei} yep
[10:05] {bkhmd} u r correct I will try without just scared of fast mover and not getting out in time WFC is not fast move shouldnt have used auto
[10:06] {Threei} sloqwish broker is much bigger problem for this than the choice between auto/manual
[10:08] {strider} como se dice en ingles, "sloqwish".
[10:08] {fernp} lol
[10:08] {bkhmd} shorthand for TradeStation
[10:09] {strider} yo entiendo. gracias. :)
[10:10] {strider} USG takeover chatter
[10:10] {Les} AIG at bottom of cup vad?
[10:11] {Threei} .40 break is a valid setup but it's not C&H
[10:12] {Threei} salreo, admin asked to ask you to check your e-mail please
[10:14] {Threei} SEC Enforcement head: Aiming to focus on derivatives with regards to cracking down on insider trading; focus on trading across all markets (related XLF )
[10:14] {BillyD} is AIG a call Vad,
[10:14] {Threei} no
[10:14] {BillyD} ty
[10:17] {Threei} Long Setup: SYMC .10 break
[10:17] {Threei} if holding above 18
[10:18] {Threei} .05 for extreme scalpers
[10:19] {Threei} slow one
[10:19] {Threei} don't go for it if you want fast resolution
[10:19] {nemo} no wham bam thank you mam stock?
[10:19] {Threei} not likely
[10:20] {nemo} don't do it les
[10:20] {Les} what, do the trade or complement your last comment?
[10:21] {nemo} if you don't like water torture stock
[10:21] {Les} ah. Im in
[10:21] {nemo} hasn't triggered yet dude
[10:22] {Les} yes it has... now
[10:22] {nemo} yep
[10:22] {Les} finding myself always too late. given probability that this continues to go up. I bought .10
[10:26] {ese} out 1/2 fitb .13 +.08 22.5
[10:26] {Les} see BAC trying to make new high. but banks in no hurry to go up today
[10:26] {ese} 22.5k
[10:26] {ese} houses money......lets see what happens
[10:26] {Threei} wtg
[10:27] {Threei} nothing is in particular hurry so far
[10:27] {ese} tks.....it feels predicable to me again....for now anyway
[10:28] {strider} CEPH consolidating again at 54.5.
[10:28] {Threei} leave it alone strider
[10:28] {Threei} CEPH is a widowmaker today
[10:29] {strider} I'm looking at a retest of major support at 53.50-54
[10:29] {Threei} this battlefield will be strewn with corpese of bottom-fishers today
[10:29] {Threei} corpses
[10:30] {ese} thats a russian term for navy guys who pulled submarine duty isn't it?
[10:30] {ese} widow maker
[10:30] {Les} bac
[10:30] {nemo} goes for a lot of things ese
[10:30] {strider} SEED upgrade
[10:30] {ese} true
[10:30] {nemo} loggers it's deadfall trees leaning against other trees
[10:31] {ese} never heard that for loggers
[10:32] {nemo} yeah, branch breaks, deadfall comes down
[10:33] {ese} would make sense.......heard more about injuries from choke wires when they snap.
[10:33] {BillyD} Q's in 6pt range for last 30 min
[10:34] {Threei} Market Internals update at 10:30amET
[10:34] {Threei} - NYSE volume 220M shares, about 21% below its three-month average; advancers lead decliners by 22.6:1.
[10:34] {Threei} - NASDAQ volume 455M shares, about 17% below its three-month average; advancers lead decliners by 5.1:1.
[10:34] {Threei} - VIX index -3.9% to just under 21.50
[10:34] {Threei} where is magoo... SEED is today's momo
[10:35] {Threei} dino is not here either... internet troubles, or they have their first snow
[10:36] {strider} they don't trade when it snows?
[10:36] {Threei} not if they can't get in the office
[10:36] {Threei} SYMC, don'r run that fast, you may burn your skin and get blisters
[10:38] {BillyD} just looked at SYMC, it blew a tire hitting .14
[10:39] {BillyD} may work though
[10:39] {nemo} looks like indices ight be getting ready to break their ranges
[10:40] {larisa} to upside?
[10:40] {nemo} yeah
[10:41] {Threei} SYMC new high, whole cent higher than old high
[10:41] {Threei} SEED clawing its way toward 9
[10:46] {fernp} AIG extremely slow today
[10:46] {Threei} SYMC, merely 2 cents left to 1:1
[10:46] {Threei} meaning it should happen this century
[10:46] {strider} Vd...always the optimist.
[10:46] {nemo} heavy breather
[10:47] {strider} Vad
[10:47] {Threei} I want to believe
[10:47] {Threei} make your decision guys
[10:47] {Threei} it makes new 52 week highs,
[10:47] {Threei} climbs slowly and confidently
[10:47] {Threei} which bodes well for continuation
[10:48] {Threei} on another hand, this is scalpers market
[10:48] {Threei} so... kind of personal choice
[10:48] {Threei} take scalp or partial and try to milk it
[10:49] {Threei} for hardcore scalpers playing 50K shares (Threei squints at ese), this one is above 1:1 already
[10:49] {Threei} NYMX
[10:49] {Threei} Nymox Pharmaceutical Corporation Releases Positive New Clinical Trial Data on Durability of Benefits for Early Responders to Company''s BPH Drug
[10:49] {Threei} - Results were statistically significant (p less than .001) and the data was obtained from all available and eligible patients assessed at up to 19 months post treatment.
[10:50] {Threei} NYMX is a funny stock
[10:50] {Threei} sometimes runs hard
[10:50] {Threei} saometimes fizzles out quickly
[10:51] {Threei} never holds its gains for real
[10:51] {ilana} i missed SYMC .10 entry, where would u suggest to get in?
[10:51] {Threei} don't chase it
[10:51] {Threei} this train's gone
[10:51] {strider} amzn read?
[10:52] {ilana} ok
[10:52] {Threei} if anyone wants to buy Ukraine, now's time:
[10:52] {Threei} (UA) Ukraine Oct Current Account at $87M; Current Account YTD -$1.0B (related USD/UAH )
[10:52] {Threei} SEED UPDATE: Rodman & Renshaw, Inc. Raised SEED to Mkt Outperform from Mkt Perform, price target: $15
[10:52] {Threei} none strider
[10:52] {Threei} 9 is on the nose, SEED
[10:54] {Les} coulda, woulda, wished I. you gonna invite mags to bahamas to give run down on momo?
[10:54] {Threei} there is no rundown to be given
[10:55] {Threei} you need to get enough experience with them to develop a feel for them
[10:55] {Threei} this is not a kind of things that can be put in a set of rules
[10:57] {fernp} ilana, SYMC at .12 now
[10:57] {strider} that was my entry.
[10:57] {Les} PWR going to hell in handbasket
[10:58] {ilana} ok, will keep an eye on it, thx
[11:03] {Threei} you watching SEED les?
[11:05] {Les} yep. most interesting game in town
[11:05] {Threei} make sure you have all three windows up
[11:05] {Threei} chart, level 2, T&S
[11:06] {Les} spread has tightened up
[11:08] {Les} pwr going to make new lows?
[11:08] {Threei} SYMC lost will to live
[11:09] {Threei} most likely, PWR
[11:09] {fernp} SYMC stop is still below 18. isn't it?
[11:09] {Threei} very hard to tell
[11:10] {Threei} it was so close to 1:1 that maybe trailing to under .05 makes sense
[11:11] {fernp} ok
[11:12] {Threei} Short Setup: RMBS 17 break
[11:13] {BillyD} .15 stop and preferably .10 if holds right?
[11:13] {Threei} eqzaktly
[11:16] {fernp} out SYMC
[11:17] {Threei} died quiet peaceful death
[11:18] {Les} seed consolidating?
[11:18] {Threei} why didn't we take RMBS aggressively
[11:18] {Threei} would be covering half here
[11:18] {Threei} consolidating?
[11:18] {Les} b/o
[11:18] {fernp} RMBS stop is .15 or .10?
[11:19] {nemo} you have that huge order at .00
[11:19] {Threei} 30 cents spike in two bars is a spike, not consaolidation
[11:19] {Threei} matter of taste fern
[11:19] {Threei} both are valid
[11:19] {Threei} but if triggers from here not going over .10, it becomes a more solid one
[11:19] {fernp} is RMBS too volatile?
[11:20] {Threei} sometimes... it changes
[11:26] {Threei} 1:1, mind you
[11:26] {strider} missed the crap out of that one.
[11:27] {Threei} the only way to get it was to hit 17 bid as it melted down
[11:27] {fernp} was imposiible
[11:27] {BillyD} out ty Vad
[11:27] {ese} signing off until a bit later...cya
[11:27] {Threei} welcome
[11:27] {Threei} that's what you did Billy?
[11:27] {BillyD} yes Vad, meltdown
[11:27] {Threei} yep, same here
[11:27] {Threei} got probably last shares at 17, lol
[11:28] {BillyD} had order for .98 just in case
[11:28] {Threei} OK, you need to stop this
[11:28] {Threei} reading my mind
[11:28] {Threei} 1:2
[11:29] {BillyD} it hit .90 so fast. I ended up sellin most when I originally thought to partial
[11:29] {BillyD} fast money spikes causes me to take it too quick sometimes
[11:30] {Threei} yes
[11:36] {BillyD} RIMM may be setting up for BDN
[11:38] {Threei} looks like mirroring the market almost exactly
[11:38] {BillyD} it does
[11:40] {bkhmd} did anyone fill @18.11 on symc?
[11:41] {bkhmd} earlier?
[11:43] {fernp} .12 here
[11:43] {ilana} the same here
[11:43] {ilana} sold @ .06
[11:44] {bkhmd} were they limit orders or market orders?
[11:46] {fernp} limit
[11:46] {Threei} guess who is on TV
[11:47] {fernp} norton
[11:47] {nemo} Scarlett Johannson
[11:47] {bkhmd} melissa lee
[11:47] {bkhmd} ?
[11:47] {strider} Donna the Buffalo
[11:47] {nemo} fern?
[11:47] {nemo} Captain Kangaroo
[11:49] {fernp} SYMC is the company who makes norton antivirus
[11:49] {strider} CIEN
[11:51] {bkhmd} SOS
[11:51] {bkhmd} I missed two winning orders
[11:52] {bkhmd} The call for SYMC was break of .10 I put the limit order in for 1000 shares at .11
[11:53] {bkhmd} didnt fill
[11:53] {bkhmd} broker says there were only 2 trades of 100 shares at that price
[11:54] {bkhmd} then again short RMBS break of 17 my order goes in at .98 sits and does not get filled broker again says only two prints at that price
[11:54] {BillyD} BK... .98 may be true
[11:55] {BillyD} only a couple buyers at that level
[11:55] {BillyD} on L2
[11:55] {bkhmd} Billy did u take the trade?
[11:55] {Threei} yeah, on RMBS I think they are right, bids got pulled very quickly
[11:55] {bkhmd} if so where did u fill?
[11:55] {BillyD} yes. 17 fill as it was melting down about halfway
[11:55] {bkhmd} k
[11:55] {bkhmd} plenty of shares at 17
[11:56] {Threei} at 17 was scrolling and breakdown became obvious, bidders just ran away
[11:56] {Threei} at = as
[11:56] {BillyD} yeah Vad, all 3 of them lol
[11:57] {Threei} hehe
[11:57] {Threei} actually more,
[11:57] {bkhmd} but if folks in the room filled at .99 or .98 then i should have filled?
[11:57] {BillyD} reason I like shorts like that
[11:57] {Threei} they pulled everything down to 16.90
[11:58] {BillyD} I doubt may AT ALL got filled at .98-.99 BK
[11:58] {BillyD} many
[11:58] {bkhmd} I understand ur concern with Trade Station.. however if people in the room filled at .99 or .98 I am yelling at my broker on phone why wouldnt have i filled
[11:58] {Threei} probably not on this one
[11:58] {BillyD} right
[11:58] {bkhmd} ok
[11:58] {Threei} but you are wasting your breath yelling at them
[11:59] {fernp} Billy, I think room missed RMBS except Vad and Billiy
[11:59] {fernp} bk
[11:59] {Threei} front end people can't make the system work faster
[11:59] {bkhmd} thanks fern
[11:59] {BillyD} BK, some you will miss and there is nothing you can do buyt just accept it and move on to the next trade
[11:59] {bkhmd} yes I am aware of missing
[11:59] {BillyD} agree Fern
[11:59] {bkhmd} but its too frequent
[11:59] {Threei} it's simply a slower brokerage
[12:00] {Threei} yell all you want, it won't get any faster
[12:00] {bkhmd} ok one more hiccup and im out
[12:00] {ilana} i filled RMBC at 17.01
[12:00] {Threei} then you hit it before actual breakdown
[12:00] {BillyD} wow
[12:00] {ilana} there were plenty
[12:00] {ilana} yup aware
[12:00] {nemo} rimm at r1 after breakdown, could be another bd from .55
[12:01] {bkhmd} ilana was that a market order?
[12:01] {ilana} no limi
[12:01] {BillyD} sheesh, missed RIMM
[12:01] {bkhmd} thanks all
[12:02] {BillyD} cya BK
[12:03] {Threei} while it's quiet., have a look at the latest photos guys
[12:03] {Threei} fall colors come to an end, this is probably last of the series
[12:03] {bkhmd} need that post link it will get my blood pressure down after tradestation call
[12:04] {Threei} http://www.realitytrader.com/photography/
[12:04] {larisa} nice photos
[12:04] {Threei} scroll down more Larisa, you missed a few while on vacation
[12:05] {larisa} I did
[12:05] {bkhmd} awsome Vad Im suprised the colors last that long up there Im near baltimore no leaves on trees for 3 weeks
[12:05] {Threei} well, west coast is more generous weather wise as a rule
[12:06] {fernp} as always, very nice photos Vad
[12:06] {Threei} ty
[12:06] {nemo} they have warmer maritime climate
[12:06] {nemo} Hey BK, driving through Baltimore tomorrow night
[12:07] {bkhmd} have time for a beer?
[12:07] {Threei} so considering the way nemo drives, don't venrture out
[12:07] {bkhmd} lol
[12:07] {nemo} you'll be in bed when I'm coming through
[12:07] {bkhmd} ahhh I up at 3:00 every day
[12:07] {strider} amzn spike
[12:07] {bkhmd} 4:30 on weekends
[12:07] {bkhmd} lol
[12:07] {bkhmd} but beer for breakfast not good
[12:07] {Threei} no??
[12:07] {Threei} oops...
[12:08] {nemo} I'm leaving Mass about 7 or 8 pm...
[12:08] {bkhmd} final destination?
[12:08] {nemo} When I lived in Germany, used to have beer w/breakfast
[12:08] {nemo} Bowie, MD
[12:08] {bkhmd} ahh college?
[12:08] {nemo} no, relatives
[12:08] {bkhmd} cool
[12:08] {nemo} you talking Bowie State..oy
[12:08] {bkhmd} yea
[12:09] {nemo} yeah, on 197
[12:09] {bkhmd} its a train stop om my way to office in DC
[12:10] {bkhmd} i look forward to that stop as it means the 2 hour train ride is almost over
[12:10] {nemo} strider, amzn bounced off R2
[12:10] {nemo} 2 hrs...oy
[12:11] {bkhmd} only do it two days a week 3 days home trading I mean working from home
[12:15] {Les} AWIAV?
[12:16] {nemo} c
[12:16] {Les} all is good then
[12:16] {Threei} magoo will be angry about copyright
[12:16] {nemo} w/mags it's a copyleft
[12:16] {Threei} lol
[12:17] {Les} hgsi dead cat bounce?
[12:18] {Les} is that the right term for this pattern?
[12:18] {Threei} it's not the name of a pattern
[12:18] {nemo} nuva vad
[12:19] {strider} at weekly support..nuva
[12:19] {bkhmd} anyone here have expierience with MB Trading?
[12:20] {Threei} tough read
[12:20] {nemo} lunchtime though
[12:20] {BillyD} Vad, WFC approaching low end of range...any feel on it if sets up?
[12:20] {Threei} can be very volatile too
[12:20] {nemo} yeah, could be a vaseline moment
[12:20] {strider} bwahahahaha
[12:20] {Threei} 50/50 WFC, Billy
[12:21] {BillyD} ty
[12:21] {strider} tell us more about those vaseline movements, nemo
[12:21] {Threei} .05 long, 28 short, both are valid, both have 50/50 chance tow rok
[12:21] {nemo} moment, not movement
[12:22] {Threei} tow rok?
[12:22] {Threei} sigh
[12:23] {Threei} to work
[12:25] {nemo} yeah, nuva broke
[12:26] {BillyD} ABIO bio runner
[12:27] {Threei} I don't have ay news for it
[12:28] {strider} ARCA biopharma receives FDA
[12:28] {BillyD} UPDATE 1-ARCA gets fast-track status for heart drug, shares rise
[12:28] {strider} fastrack for .....yeah, what billy said.
[12:28] {BillyD} from Yahoo,
[12:29] {BillyD} Reuters feed
[12:29] {Les} HIG vad
[12:29] {strider} impossible spread
[12:30] {strider} abio
[12:30] {BillyD} yeah, not fond of its personality
[12:43] {strider} Vad, you see any trades coming in the next 5 minutes? I need to switch computers.
[12:43] {bkhmd} lol
[12:43] {bkhmd} lol
[12:43] {bkhmd} lol
[12:43] {Threei} I'll wait for you
[12:43] {Threei} I promise
[12:43] {strider} thank yo kind sir
[12:43] {Threei} everyine get ready
[12:43] {strider} get ready to wait?
[12:43] {nemo} rimm formed a nice range
[12:43] {Threei} as soon as strider disconnects the room, we grab a huge winning play
[12:43] {nemo} hurry up and wait
[12:44] {strider} ok...ok
[12:44] {Threei} and we need to finish it in 5 minutes
[12:44] {strider} how's that for speed.
[12:44] {Threei} impressive
[12:45] {strider} I
[12:45] {strider} I'm fast....but not loose..........anymore.
[12:45] {nemo} rimm break?
[12:46] {Threei} which way?
[12:46] {ilana} lol
[12:47] {nemo} oh, sorry, north
[12:50] {nemo} garden variety, pre thanksgiving lunchtime scalp
[12:51] {Les} hig short? .40 break .50 stop?
[12:51] {Threei} nah... just random oscillation
[12:51] {Threei} HIG, no
[12:51] {Les} k
[12:51] {Threei} look how it moves between those two limits
[12:52] {Threei} no smooth slide
[12:52] {Threei} jerky jumps up and down
[12:52] {Threei} make it pretty much a guesswork
[12:53] {BillyD} these momos aren't giving us clear entries :(
[12:56] {strider} SEED pushing for hod again
[12:56] {fernp} KEY seems to be strong
[12:57] {fernp} and 6 break could be interesting
[13:01] {Threei} push for 10 is coming SEED
[13:02] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 0.802%; BID-TO-COVER RATIO 3.16 V 3.63 PRIOR AND 2.92 AVE OVER LAST 10 AUCTIONS
[13:02] {Threei} - indirect bidders take 44.5% of competitive bids with 95.8% alotted at the high
[13:02] {nemo} omg...what a setup at 9.10
[13:04] {Threei} magoo, where are you
[13:05] {nemo} combo momo technical..can't ask for more
[13:05] {Threei} 10
[13:07] {nemo} wathing for bear flag break on rimm
[13:08] {Threei} .14 short?
[13:08] {nemo} yeah or aggressive here
[13:08] {nemo} although lunch and aggressive....eh?
[13:09] {Threei} well, it could be better idea than regular entry counting on follow through
[13:10] {larisa} well, i am regular :) I see it as long from here, scalp only though
[13:10] {nemo} break of .30 would be long
[13:10] {nemo} no?
[13:10] {BillyD} well, I don't know
[13:10] {nemo} neither do we
[13:10] {larisa} lol
[13:10] {Threei} .30... nah
[13:11] {Threei} I'd rather went for somwething here, long or short,
[13:11] {ilana} NUVA b/d?
[13:11] {Threei} and aimed to get out into spike to .30 or drop to .10, lol
[13:11] {larisa} right :)
[13:11] {nemo} definite maybe
[13:11] {Threei} NUVA, no, not here
[13:11] {Threei} this thing can be very volatile
[13:12] {Threei} and it's pretty much random right now
[13:12] {Threei} just not worth the risk
[13:12] {nemo} rmbs froming long break chart
[13:12] {fernp} ACI 22 breakdown, Vad?
[13:13] {Threei} dropped too sharply into it from .10 break
[13:13] {Threei} .10 was much better entry
[13:13] {Threei} see if it consolidates again
[13:13] {fernp} ok. ty
[13:14] {Threei} if it breaks on the go, just skip it
[13:14] {Threei} can turn into trap easily
[13:15] {Threei} but if makes a moves up and down not going over .10 and better yet .05, then 22 break will be a nice setup
[13:15] {Threei} makes a few moves
[13:16] {Threei} looks much better now
[13:17] {fernp} yeah
[13:17] {Threei} couple min of tight consolidation
[13:19] {larisa} this is boring, can i go back to the beach?
[13:19] {Threei} no
[13:19] {Threei} stay and suffer
[13:19] {Les} beaches in canada?
[13:20] {larisa} end of November, Canada? No :)
[13:20] {Threei} shapes up finally
[13:20] {Les} what temperatures in summer where you live vad?
[13:20] {Threei} if not going over .05 now, will be a good short setup
[13:21] {Les} 22 break?
[13:21] {Threei} about 25C
[13:21] {Threei} yes
[13:25] {Les} big buying at 22.
[13:27] {BillyD} Vad, looking for .25 on ACI short?
[13:28] {BillyD} fprget it
[13:28] {BillyD} forget
[13:28] {fernp} stop above 22.10 or 22.06?
[13:28] {Threei} .06
[13:31] {strider} y;all got any charts..nothing here
[13:32] {Threei} hmm?
[13:32] {strider} crap...I lost everything for about 2 min.
[13:32] {fernp} whats happen?
[13:32] {strider} back now.
[13:32] {strider} had two open.
[13:34] {strider} anyone in ACI?
[13:34] {fernp} me
[13:34] {BillyD} yes
[13:34] {Les} y
[13:34] {strider} now I feel better. :)
[13:35] {ilana} yes
[13:37] {Threei} Short Setup: HIG .40 break
[13:37] {ilana} what this volume spike means on ACI?
[13:38] {ilana} now i know...
[13:38] {Threei} nothing really
[13:38] {Threei} it moves with market at this point
[13:38] {ilana} buying came
[13:38] {Threei} see lille market spike?
[13:39] {Threei} Support for Health Care Plan Falls to New Low
[13:39] {strider} Something rather unnerving.......Got disconnected from Laser....finally quotes & charts came back......then tried to exit a position, and nothing.
[13:39] {strider} I had to reconnect, even though I was getting quotes.
[13:39] {BillyD} that happens sometimes strider
[13:39] {Threei} it means you lost interenet connection,
[13:39] {nemo} yep...happened to me before
[13:40] {Threei} when it happens and quotes get resxtored - executor does not
06[13:40] * nemo slaps lasertrev around a bit with a large stable platform
[13:40] {strider} duh
[13:40] {strider} hah, nemo
[13:40] {Threei} quotes will get restored by themselves but for executor to get reconnected you need to do it manually
[13:40] {lasertrev} whats up?
[13:40] {strider} t'anks...
[13:41] {strider} Just lost connections a bit ago...
[13:41] {nemo} nothing, just routine abuse
[13:41] {fernp} lol
[13:41] {Threei} just wanted to say...
[13:41] {strider} when quotes came back, I thought all was well.
[13:41] {Threei} simply slap him back trev, it's nemo... he is not doing it for any other reason than he just loves slapping people
[13:41] {strider} Was still unconnected , as far as placing/exiting trades.
[13:42] {nemo} for some reason the "they didn't expect, the Spanish inquisition" line goes through my head
[13:42] {lasertrev} anything "executor" means a loss of connection between you and server
[13:43] {strider} I never saw executor screen until I manually reconnected.
[13:43] {lasertrev} trev slaps nemo silly with a frozen salmon
[13:43] {strider} Anyway, I'm holding you responsible...)
[13:43] {strider} :)
[13:43] {strider} It caused me to make an extra .05.
[13:43] {Threei} why wouldn't you
[13:44] {Threei} I for one am holding trev responsible for the amazin tainforest problems
[13:44] {Threei} amazon
[13:44] {Threei} rainforest
[13:44] {Threei} sheesh
[13:44] {strider} Actually, it was Amazon I was in.
[13:44] {Threei} lol
[13:44] {nemo} and global warming....ah...er....climate change
[13:44] {Threei} no, for that I blame Al Gore
[13:44] {lasertrev} lol, as long as your not turning of quote servers again
[13:44] {Threei} but the rest is Trev's fault
[13:45] {strider} ACI moves
[13:45] {nemo} poor trev, didn't know what he was getting into with Dave
[13:45] {lasertrev} :s
[13:45] {Threei} yeah Trev... did good ol' davie actually warn you this is an asylum?
[13:45] {Threei} ACI 1:1
[13:46] {Les} out ty
[13:46] {strider} HIG looking like reversal
[13:46] {fernp} ty
[13:46] {strider} whatcha think vad?
[13:46] {Threei} don't want to go long on it
[13:47] {Threei} to me it looks like take short is sets up, ignore if sets long
[13:47] {Threei} is = if
[13:48] {strider} out 1/2 ACI
[13:48] {fernp} gj
[13:48] {BillyD} thx ACI fern/Vad
[13:48] {Threei} 1:2
[13:52] {nemo} everything is trading by appointment
[13:52] {Threei} 1:3
[13:52] {Threei} what a nice little cutie
[13:52] {nemo} damn bad order execution on pru short
[13:52] {strider} out
[13:53] {fernp} are you still in, Vad?
[13:53] {Threei} no
[13:56] {BillyD} HIG invalidated right
[13:56] {Threei} yes
[13:56] {Threei} watchig for new consoliodation
[13:56] {Threei} although it seems it's the best play between limits
[13:57] {Threei} buying near .40 and shorting near .50 would have worked probably 3 times already, lol
[13:58] {strider} HIG would be a short?
[13:58] {Threei} ummm
[13:59] {Threei} you blacked olut strider? :)
[13:59] {strider} lost my discussion data when I rebooted. Looks long to me.
[13:59] {Threei} [13:46] {strider} whatcha think vad?
[13:59] {Threei} [13:46] {Threei} don't want to go long on it
[13:59] {Threei} [13:47] {Threei} to me it looks like take short is sets up, ignore if sets long
[13:59] {Threei} [13:47] {Threei} is = if
[14:00] {Threei} [13:56] {BillyD} HIG invalidated right
[14:00] {Threei} [13:56] {Threei} yes
[14:00] {Threei} [13:56] {Threei} watchig for new consoliodation
[14:00] {Threei} [13:56] {Threei} although it seems it's the best play between limits
[14:00] {Threei} [13:57] {Threei} buying near .40 and shorting near .50 would have worked probably 3 times already, lol
[14:00] {Threei} dino!
[14:00] {Threei} you OK?
[14:00] {strider} It's Trev's fault.
[14:00] {Threei} everything is
[14:00] {Threei} aside of global warming which is Al Gore's
[14:01] {Threei} ACI 1:4... sheesh
[14:01] {dino} yes, real estate this a.m.
[14:01] {BillyD} yeah, that break of .97 was an indicator but I didn't follow my plan to hold for more....next time
[14:01] {Threei} okay... there was a play about which magoo will howl like coyote when he sees it
[14:02] {strider} Vad, now you know why I have to be a scalper.....that's as long as I can remember.
[14:02] {dino} he's bear hunting
[14:02] {Threei} that's actually a bit too long for me strider
[14:02] {Threei} here are two criteria:
[14:02] {Threei} 1. fish, memory span is 21 seconds
[14:02] {nemo} alright...nobody asked me
[14:03] {nemo} 1/2 out pru short .91
[14:03] {Threei} can grab the same hook with the same worm on it 3 times a minytre, not remembering anything about last time
[14:03] {Threei} 2. moth, memory span is 6 seconds
[14:03] {nemo} tell the moth joke again Dino
[14:03] {Threei} gets burned by lamp, flies away, gets back 10 times a minute
[14:04] {nemo} yeah, and some of us get into relationships repeatedly
[14:04] {dino} what do you have if you have one moth ball here.................................and one moth ball here?
[14:04] {nemo} What Dino?
[14:04] {Threei} larisa... nothing changes eh?
[14:04] {dino} pretty big moth
[14:04] {strider} nemo, that's not memory problems...
[14:04] {Threei} you heard this joke before vacation
[14:04] {nemo} Bwahahahahahahaha
[14:04] {BillyD} is HIG still on now?
[14:04] {Threei} you hear it after
[14:05] {strider} hah
[14:05] {strider} are we gonna take this hig short.?
[14:05] {fernp} are we going to short HIG if breaks .40?
[14:05] {strider} fern:)
[14:05] {Threei} looks valid to me
[14:06] {strider} big stop?
[14:06] {Threei} keep and eye on FAS
[14:06] {fernp} .50 stop?
[14:06] {Threei} for hardcore scalpers .46
[14:06] {Threei} for sane traders .51
[14:07] {bkhmd} which trade HIG or Fas
[14:07] {Threei} HIG... FAS is leading indicator for it
[14:07] {nemo} look at cat just sitting for a fall
[14:11] {Les} 1st minute candle is all that stands between spy and gap fill
[14:11] {fernp} ty
[14:11] {Threei} HIG 1:1 for sane traders
[14:11] {Threei} pesky scalpers have 1:2
[14:12] {BillyD} lol
[14:13] {strider} out +.07
[14:14] {Threei} nice CAT
[14:15] {Threei} you are on the right wavelenght today nemo
[14:15] {nemo} 1/2 out .29
06[14:15] * Threei slaps nemo around a bit with a large roll of cash
[14:15] {BillyD} gj nemo
[14:15] {nemo} playing small though
[14:15] {nemo} today feels strange
[14:15] {BillyD} that's because you are starnge
[14:15] {BillyD} strange to
06[14:15] * Threei shrugs slaps nemo around a bit with a small roll of cash
[14:16] {nemo} no credit for tht Billy, kindergarten stuff
[14:16] {BillyD} lol....
[14:16] {BillyD} I will sick Vad on you nemo
[14:16] {nemo} np
[14:17] {nemo} his slams are much better than yours..ppphhhhhhht!!!!
[14:17] {Threei} you will what me on him?
[14:17] {nemo} like sending a dog to bite somebody
[14:17] {BillyD} take care of him Vad
[14:17] {dino} gj nemo
[14:18] {BillyD} he is out of line again....hard to imagine I know
[14:18] {nemo} stop to .35
[14:18] {Threei} much easier than to imagine him being in line
[14:18] {BillyD} so true
[14:18] {strider} you mean...there's a line?
[14:18] {Threei} never knew sick had that meaning
[14:19] {BillyD} never heard someone say to theor dog: sick em
[14:19] {Threei} can you guys make it easiwer for us foreigners and have just one word for each meaning and one meaning for each word?
[14:19] {BillyD} not that you are a dog or anything
[14:19] {nemo} nah, English doesn't work that way
[14:19] {strider} vad, could you possibly have just one spelling for each word?
[14:19] {dino} lol
[14:19] {nemo} nice one strider
[14:19] {Threei} fair point strider
[14:19] {BillyD} Ok Vad, how is this:
[14:19] {Les} sick - sic isn't it?
[14:20] {nemo} see BIlly, that's good stuff
[14:20] {strider} I think so, Les
[14:20] {BillyD} smack nemo upside the head
[14:20] {nemo} I don't think speaking latin to a dog is a good idea Les
[14:20] {Threei} that I understand
[14:20] {Threei} appreciate
[14:20] {Threei} and like to do
[14:20] {strider} amzn h&s.....but, I dunno.
[14:21] {nemo} stop to 32
[14:21] {nemo} .32
[14:21] {strider} .32 ACP?
[14:21] {nemo} actuallly, kinda looks long now
[14:21] {nemo} out cat
[14:22] {nemo} oops
[14:23] {nemo} too small strider, unless you're right up against him
[14:23] {strider} agree.
[14:23] {nemo} try to find that stuff right now...sheeesh
[14:24] {strider} I know... better than a few months ago, though.
[14:24] {nemo} yeah they should sell vaseline with it now
[14:24] {strider} Vad, AMZN read?
[14:25] {Threei} .80 break short
[14:25] {Threei} no long
[14:25] {Threei} ideally if never goes over .90
[14:26] {strider} would you take it?
[14:26] {nemo} looks like it could be long over .90
[14:26] {Threei} unless I black out between now and trigger
[14:26] {nemo} no volume on this price rise
[14:26] {Threei} no
[14:26] {strider} never mind.
[14:26] {Threei} not going for long on it
[14:26] {strider} how that happens to you too.
[14:26] {strider} oh
[14:26] {nemo} now volume coming in
[14:29] {Threei} Market Internals update at 2:00pmET
[14:29] {Threei} - NYSE volume 545M shares, about 22% below its three-month average; advancers lead decliners by 6.1:1.
[14:29] {Threei} - NASDAQ volume 1.21B shares, about 17% below its three-month average; advancers lead decliners by 2.7:1.
[14:29] {Threei} - VIX index -5% to just over 21.00
[14:31] {Les} WFC
[14:33] {nemo} text book pullback off bottom of fcx
[14:34] {nemo} hit swing price high at 85.12, volume dried up on pullback and then increased on price rise
[14:34] {larisa} you mean at 14:23 14:24 ?
[14:35] {nemo} yes ma'am
[14:35] {larisa} one of my fav setups
[14:35] {Threei} sheesh... I couldn't understand which side on V nemo was talking about
[14:35] {Threei} larisa, you better be careful... understanding nemo's train of thought is not a sign of a good mental health, ya know
[14:36] {nemo} being in this room isn't either
[14:36] {Threei} true
[14:36] {Threei} but then again, mental health is not a strick requirement for being profitable
[14:37] {Threei} of which we are living proof
[14:37] {nemo} also true
[14:37] {larisa} this one fits my system perfectly, but i am not looking at things nemo does, so i am safe :)
[14:38] {nemo} Not necessarily...we've never compared notes
[14:45] {Threei} speaking of that setup,
[14:46] {Threei} that's the way you hunt the bottom on hard selling ones in the most safe way
[14:46] {Threei} instead of trying to guess which leg is the last
[14:46] {Threei} and arbitrary buying every new low
[14:46] {nemo} another clue: it basically hit friday's close
[14:48] {larisa} and another clue: it started to uptrend first time since break of 87.
[14:48] {dino} nuva hl l .50
[14:48] {nemo} yeah, broke the downtrend
[14:51] {fernp} LOW if breaks 22...
[14:52] {nemo} long fern?
[14:53] {fernp} could be
[14:53] {fernp} daily looks nice
[14:54] {BillyD} RMBS hangs near low area, maybe short if breaks down
[14:54] {BillyD} slow pace on it right now
[14:56] {nemo} turtle market right now billy
[14:57] {dino} the turtle of amazing girth, upon his back he carries the earth
[14:57] {strider} : Cephalon shares defended at UBS-----I guess this means they're underwater on CEPH?
[15:01] {Threei} I guess
[15:01] {Threei} LOW high
[15:01] {fernp} if KEY breaks 6, could be a good swing trade
[15:02] {fernp} LOW also could be a good swing
[15:02] {fernp} and better intraday :-)
[15:03] {fernp} 22 break, Vad?
[15:03] {fernp} w/stop under .90?
[15:05] {strider} LOW atr: .55
[15:05] {Threei} yup
[15:06] {strider} CENT
[15:06] {strider} thin
[15:06] {nemo} dino stock
[15:09] {dino} hmm
[15:10] {strider} down grade on CENT, dino
[15:10] {dino} ty
[15:27] {Threei} SEED is not done still
[15:27] {Threei} wow
[15:28] {ilana} HIG short?
[15:28] {Threei} no clear setup here
[15:28] {Threei} oscialles bwteen .30 and .45
[15:28] {Threei} oscillates too
[15:30] {fernp} Not my day today. out LOW
[15:31] {Les} yeh, I was in LOW but the lack of volume above 22 told me it was no go. sold it as soon as it dropped.
[15:33] {Les} gonna get gap fill on spy?
[15:33] {nemo} that would be serious
[15:34] {Les} wfc is back to lows
[15:34] {Les} fas new low
[15:34] {dino} nuva stopped
[15:35] {nemo} 15:40 ppt
[15:36] {Threei} {PPT} huh?
[15:36] {nemo} Plunge Protection Team
[15:36] {Threei} sigh
[15:36] {Les} you expecting the cavalry to arrive?
[15:37] {Threei} way to get the meaning {G}
[15:37] {nemo} yeah...my paranoid delusion
[15:37] {nemo} I love the anarchy of plunges
[15:40] {strider} you shoulda been a plumber.
[15:40] {Threei} lol
[15:41] {dino} what a rinse nuva was
[15:42] {ilana} the maret was
[15:43] {strider} BRCD reporting after close
[15:44] {Threei} (US) President Obama: economy is growing again, only take first step to heal economy - post cabinet meeting reports
[15:44] {Threei} oh good
[15:45] {BillyD} maybe CAT short opp - eod though
[15:45] {Les} fas good to short?
[15:46] {Les} do you short etf's?
[15:46] {Threei} you see a valid setup on it?
[15:46] {strider} CEPH seems to have confirmed support at 54
[15:47] {Les} .75 trigger. hmmm. stop is a little too big...
[15:47] {Threei} .75?
[15:48] {Threei} how do you arrive at that as a short trigger?
[15:49] {Les} it was plunging towards 76.75, but again. no consolidation. no steady movement into trigger. jumps around like a jack rabbit. stupid idea.
[15:50] {Les} .75 would have made new low for fas
[15:50] {Threei} you hot it
[15:50] {Threei} price alone is not an indication
[15:51] {Threei} the way stock arrives at it is important
[15:51] {Threei} hot = got
[15:52] {larisa} got not hot
[15:52] {nemo} Sam I am
[15:52] {larisa} vad started it
[15:52] {Les} can't I be hot?
[15:52] {nemo} Yeah, and like lemmings, we followed
[15:52] {nemo} Les, you're giving me really bad visuals
[15:52] {bkhmd} good night all
[15:53] {Les} night bk
[15:53] {Threei} salreo, check your e-mail please
[15:53] {nemo} amzn finishing near high
[15:54] {dino} cya bk
[15:55] {Threei} take care bk
[15:56] {Threei} wow... SEED finishes near high
[15:57] {Les} is that H&S developing on SEED?
[15:57] {Threei} not really
[15:57] {Threei} and this is momentum mover
[15:58] {fernp} Good evening everybody. See u all tomorrow
[15:58] {Threei} take care fern
[15:58] {strider} nite fern.
[15:58] {nemo} could bode well for tomorrow
[15:58] {nemo} bn fern
[15:58] {Les} night fern
[15:58] {Les} how nemo? long or short?
[15:59] {nemo} long
[15:59] {Les} oh. thought too many traders crowding the same trade.
[15:59] {Les} maybe big selloff instead...
[15:59] {strider} what's wrong with CAT today?
[15:59] {nemo} finishing near high sign of strength, but anything coul happen
[16:00] {strider} filled gap from open.
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {strider} thanks, vad.
[16:00] {Les} ty vad. night all
[16:00] {nemo} hasta banana
[16:00] {larisa} bye :)
[16:05] {strider} night everybody.........see you tomorrow.
[16:05] {nemo} ooops, earning on hp ust not be good
[16:05] {Threei} HPQ Reports Q4 $1.14 v $1.13e, R$30.8B v $30.4Be
[16:05] {Threei} - Guides Q1 $1.03-1.05 v $1.04e,
[16:06] {nemo} which is not unusual, 1st quarters always are the worst

Nov 20 2009

The day started with small scalps and small stops, then turned to the better with nice WFC short, NLST momentum trade and a few scalps. General boredom was still present though.

Session Time: Fri Nov 20 00:00:00 2009

[08:14] {strider} Laser bizarro..........

[08:15] {strider} looking at IPOs starting to trade today. Laser gives me daily charts going back to April of last year.

[08:16] {nemo} Oy

[08:18] {strider} look at CLD, GTEC, SVN

[08:18] {strider} see if you get dailies for them.

[08:18] {nemo} oh...is GTEC coming public again

[08:18] {nemo} they've gone public/private like three times

[08:19] {strider} really?

[08:19] {strider} farm out

[08:19] {nemo} If that's the company out of RI that makes lottery equipment it is

[08:19] {strider} dunno

[08:20] {strider} GTEC priced at $13.......maybe we should just short on open.

[08:20] {nemo} $ up big

[08:21] {strider} yeah saw that. $

[08:26] {BillyD} GM nemo, strider

[08:26] {strider} mornin Billy:)

[08:28] {nemo} BD

[08:36] {Threei} DNDN

[08:36] {Threei} Dendreon Corp Receives FDA Acknowledgement of Complete Response

[08:36] {Threei} - Announced that the U.S. Food and Drug Administration (FDA) provided written acknowledgement that the Company''s amended Biologics License Application (BLA) for PROVENGE(sipuleucel-T) is a complete response.

[08:36] {Threei} - The FDA has assigned a Prescription Drug User Fee Act (PDUFA) date of May 1, 2010, by which time it will respond to Dendreon''s amended BLA. Dendreon is seeking licensure for PROVENGE for men with metastatic castrate-resistant prostate cancer (CRPC).

[08:38] {Threei} BLTXX Baltic Dry Bulk Index declines around 3%, first decline in 17 sessions

[08:40] {strider} BCRX, SJM

[08:40] {Threei} NLST again

[08:56] {ese} good morning

[08:56] {Threei} ese :)

[09:01] {Threei} HLHL

[09:01] {Threei} GLG Life Tech Corp To trade on NASDAQ begining at 10AM ET

[09:01] {Threei} - leader in the production of high quality stevia, a zero-calorie, natural sweetener listed on the Toronto Stock exchange under GLG.

[09:01] {Threei} GLGL

[09:02] {cosmo} hmmm...kinda sounds like the good stuff....

[09:03] {strider} HLHL/GLGL--symbols?

[09:03] {Threei} GLGL

[09:03] {strider} thx

[09:05] {strider} SJM

[09:06] {strider} HIBB

[09:07] {fernp} Good morning everybody

[09:07] {Threei} fern :)

[09:07] {ese} fern

[09:07] {ese} nlst just won't quit

[09:08] {strider} morning everyone

[09:10] {strider} shippers taking a hit this morning.

[09:10] {strider} nat, dsx, drys

[09:10] {ese} definitely

[09:10] {ese} i unloaded my drys position at 6.97 2 days ago

[09:11] {Threei} [08:38] {Alert} Threei BLTXX Baltic Dry Bulk Index declines around 3%, first decline in 17 sessions

[09:11] {strider} yep

[09:11] {strider} I got 7.11 on 1 lot, still holding two at .42--longer term

[09:11] {strider} 6.42

[09:12] {ese} was in at .46 out .97

[09:12] {ese} nice

[09:12] {ese} you'll be fine with the longer term too....am looking to get back in as well

[09:14] {cosmo} NLST again

[09:14] {ese} just gonna say that cos

[09:14] {cosmo} :)

[09:14] {ese} what is the technology that it produces.....

[09:14] {ese} nlst that is

[09:15] {cosmo} checking...

[09:15] {ese} what the heck is a hypercloud memory module

[09:15] {nemo} nlst

[09:16] {ese} yes

[09:16] {nemo} geezus

[09:17] {strider} everybody needs a couple of those.

[09:17] {ese} yup....gonna get right out there and pick one up today

[09:17] {Threei} siunds about right

[09:18] {Threei} I don;'t know how I lived without hypercloud memory module

[09:18] {lasertrev} morning

[09:18] {Threei} trev :)

[09:18] {nemo} another optimist

[09:18] {ese} me either.........life will be just that much simpler with one

[09:18] {ese} trev

[09:18] {dino} gm all

[09:18] {Threei} dino :)

[09:19] {ese} dino

[09:19] {strider} dino:)

[09:19] {strider} have you got your hypercloud memory module installed yet?

[09:19] {lasertrev} hi ese

[09:19] {magoo} morning

[09:19] {Les} afternoon

[09:19] {dino} :)

[09:19] {Threei} magoo, les :)

[09:20] {strider} magoo:)

[09:20] {cosmo} nlst = enigma

[09:20] {nemo} mags dino les trev patience raven cosm o ese fern jmb dunedin :)

[09:20] {Les} nemo :)

[09:20] {nemo} dawg :)

[09:20] {nemo} Herrn K :)

[09:21] {ese} one thing is sure.....it sent the price of the stock hyperhigh.....1 to 7 bucks in 3 days

[09:21] {dawg} nemo:)

[09:21] {Threei} dawg :)_

[09:21] {nemo} wuff

[09:21] {Les} Vad its friday arvo. when am i allowed to have a drink?

[09:21] {strider} here's what I think they sold me: a DIMM. very low profile registered dual in-line memory modules (DIMM), 4 Rank fully-buffered DIMM, small form factor DIMM,

[09:21] {dawg} morning Vad

[09:21] {ese} dawouuuuug!

[09:21] {Threei} what am I, drink police?

[09:21] {Threei} as far as I am concerned you can have first one before getting out of bed

[09:22] {Les} no words of wisdom on drinking and trading?

[09:22] {dawg} ese:)

[09:22] {Les} no 4X2?

[09:22] {Threei} words - no

[09:22] {Threei} 2x4 - sure

[09:22] {nemo} Yeah, since drinking interferes with my sleep, I start when I get up, and stop at lunch

[09:22] {Threei} but there is no necessary particular reason

[09:22] {Les} so. shippers are in play?

[09:23] {Threei} hypercloud memory module sure is

[09:23] {ese} is that memory module from nlst ST

[09:23] {dino} interesting nemo

[09:23] {dino} reminds me of hunting season

[09:24] {strider} morning _jodistr :)

[09:25] {ese} ST....did you buy your memory module from nlst?

[09:26] {magoo} NLST at it..was lookikng for over 6 yesterday

[09:26] {Threei} .35 is NLST premarket high so far

[09:26] {strider} I got one of thee prototypes, ese.......sold on late night TV

[09:27] {strider} also turns lights on and off

[09:27] {strider} and changes color with my moods.

[09:27] {ese} and.........does it do something.......something cool, special,........snything

[09:27] {ese} anything

[09:28] {ese} lol

[09:28] {strider} dices mounds of onions....

[09:28] {ese} is it faster or something or what?

[09:28] {strider} man, you want everything!

[09:29] {strider} ARCL, opens at 10:40

[09:29] {strider} GTEC opens at 11AM both IPOs

[09:29] {strider} though nemo tells mme GTEC has been around the block a few times.

[09:30] {nemo} If that's the GTEC I knew

[09:32] {Threei} Short Setup: AIG .70 break

[09:32] {Threei} if stays under .80

[09:32] {Threei} half lot

[09:33] {Threei} 1:1

[09:33] {strider} missed

[09:33] {Les} missed

[09:34] {ese} l nlst .40

[09:34] {BillyD} out ty

[09:34] {Les} nice entry point ese.

[09:34] {ese} out .66

[09:34] {fernp} ty only grabbed 37 shares :-)

[09:35] {ese} nlst that is.......+.26

[09:35] {ese} a little bs luck the les

[09:35] {ese} x and sales going like crazy.....

[09:36] {ese} helps predict the momo a little better

[09:37] {ese} when this one finally tanks......me thinks it's going to tank hard

[09:38] {Threei} feels like it will try and break 7 before it tanks

[09:38] {bkhmd} gm all

[09:38] {Threei} bkh!

[09:39] {strider} can't short NLST

[09:39] {nemo} same as yesterday

[09:39] {strider} LASER

[09:39] {strider} forgot

[09:39] {nemo} yeah...me too until you mentioned it

[09:40] {ese} agreed vad......

[09:40] {dino} partial fill crmt l .24

[09:40] {ese} am lookin for another entry....but nothing yet

[09:41] {Threei} Long Setup: RIMM .20 break

[09:41] {Threei} disregard

[09:41] {Threei} .10 break

[09:41] {Threei} if stays above 58

[09:42] {ese} l fitb .02

[09:42] {magoo} in

[09:42] {ese} givin this another shot

[09:43] {ese} got rid of my last 5k yestereday even

[09:43] {ese} out fitb .09

[09:43] {dino} f'ing partials, they always work

[09:43] {Les} descending triangle RIMM

[09:43] {magoo} god dam RIMM

[09:43] {ese} +.07

[09:43] {Threei} no go

[09:43] {bkhmd} out

[09:43] {nemo} stoppe

[09:44] {magoo} peice of shit lately rimm

[09:44] {ese} love this stock.......in and out with 20k ...takes it like .....smoothe

[09:44] {fernp} I hate RIMM

[09:44] {magoo} dont even look at hig vad or illreach into computer and smack u

[09:44] {magoo} LOL

[09:44] {Threei} ok, I ran out of stocks to call

[09:44] {Threei} se you next millenium

[09:44] {nemo} RIMM has killed me this week

[09:45] {dino} take it off your screen then

[09:46] {magoo} this has been hardest most shitty november i can remember

[09:46] {Threei} crap... you guys send me into depression

[09:46] {bkhmd} lol

[09:46] {BillyD} lol

[09:46] {magoo} well...we need u there with us

[09:47] {nemo} now look at rimm

[09:47] {Threei} with your desperate comments after one 10 cents win and one 10 cents loss

[09:47] {nemo} no...6 rimm trades this week, all losses

[09:47] {dino} nemo, hurts when i hit my head on the wall, so i don't do it...

[09:47] {Les} hgsi

[09:47] {BillyD} good one dino

[09:48] {nemo} You don't have the level of brain damage I do Dino

[09:48] {dino} :)

[09:48] {magoo} nemo, want me walk over and smack dinos head for ya?

[09:48] {Threei} seriously, I take a break for 15 minutes

[09:48] {BillyD} lol

[09:48] {nemo} If you feel the need mags

[09:48] {Threei} I need to clear my head from all this negativism

[09:48] {dino} magoo, keep it up an i'll throw a shoe at you again

[09:48] {Threei} you can all wallow in it all you want

[09:48] {nemo} Ooohhhhhh Dino

[09:48] {bkhmd} wow what ahppened i left t he room for a week and we are slapping heads

[09:48] {bkhmd} lol

[09:48] {bkhmd} better than smelly fish i guess

06[09:49] * nemo slaps dino around a bit with a large smelly shoe

[09:49] {dino} lol

[09:49] {dino} back to work

[09:49] {Les} don't go vad I lost on rimm too but i want the money. SHOW ME THE MONEY!!

[09:49] {fernp} HIG .30 beak

[09:49] {fernp} break

[09:50] {Les} AIG about to break down?

[09:50] {Les} or break out?

[09:50] {Les} hgsi about to breakdown

[09:50] {ese} vad....fitb ...opinon please....good chance to break .10.....it it does i think i'ts gonna go along way

[09:51] {Threei} pretty much market dependent ese

[09:51] {ese} agreed

[09:51] {Threei} the thing with FITB lately, breaks work on it only when market gets really hot

[09:51] {Threei} when market tanks, FITB holds relatively well

[09:52] {Threei} and can be bought on pullback for a nice bounce

[09:52] {ese} yes....thats what i'm noticing

[09:52] {Threei} but buying breakout will put you in a long holding pattern

[09:52] {ese} it does hold really well against mkt

[09:52] {Threei} and can be quite unnerving

[09:52] {Threei} NLST doesn't give up

[09:52] {strider} DELL testing new low

[09:53] {ese} seems to be resistance pt at .10

[09:53] {BillyD} tough one NLST, large offers both ways get smacked

[09:54] {Threei} WMT almost touched 55

[09:54] {Threei} pulback entry try

[09:54] {Threei} .65 break if holding .60

[09:54] {Threei} first who says I hate WMT gets banned from the room for an hour

[09:55] {fernp} lol

[09:55] {Threei} and 5 minutes

[09:55] {BillyD} roflol

[09:55] {nemo} I'm so in love with WMT

[09:55] {Les} i'm in

[09:55] {strider} in

[09:55] {Threei} 5 minujtes is bonus from me personally

[09:56] {Les} how do you want to play wmt. scalp only?

[09:56] {Threei} with market help should be good for 1:2

[09:57] {strider} long DELL from .40

[09:57] {strider} stop lod

[09:57] {Threei} stop under .30?

[09:57] {Threei} okay

[09:57] {Threei} makes sense

[09:57] {Threei} over 1:1

[09:57] {Threei} good one

[09:58] {ese} dabbling fitb l .05

[10:00] {ese} bastard .05419.....higher price

[10:00] {Threei} NLST finally yileds to gravity

[10:01] {strider} stop wmt

[10:01] {Les} ditto

[10:01] {nemo} yeah

[10:01] {strider} I hate WMT

[10:01] {magoo} oh oh

[10:01] {magoo} u be gone

[10:03] {nemo} nasty shakeouts...it's a conspiracy to whack our stops

[10:03] {nemo} :)

[10:03] {nemo} look at formation on Rimm (hate that stock)

[10:03] {Les} I stopped out WMT flat. Dunno if its a no no, but descending triangle developing on WMT whispered to me "get out"...

[10:04] {ese} l fitb some more .05

[10:04] {nemo} great...he's hearing voices

[10:04] {Les} no, using zoom feature on IB charts. great for seeing patterns

[10:08] {Threei} Short Setup: CAT .50 break half lot

[10:08] {Threei} if stays under .60

[10:09] {strider} DKS

[10:11] {nemo} strider, I've got .10 as a support level for dks, might want to see if it can hold above it

[10:11] {dino} yesterday, beat and lowed guidance

[10:11] {Les} wfc weak

[10:12] {strider} thx

[10:12] {nemo} yeah, I work for them part time

[10:12] {nemo} They are cutting staff hours left and right

[10:12] {Les} who, wfc or dks?

[10:12] {nemo} dks

[10:13] {nemo} selling non pc merchandise

[10:13] {dino} tra

[10:14] {fernp} out flat WMT. first time stopped, this time at 1:1

[10:14] {Les} non politically correct merchandise - pray thee, do tell

[10:15] {Les} hgsi back in green

[10:15] {nemo} whoa...rimm

[10:15] {Threei} ok guys, here is the deal

[10:15] {Threei} RIMM, clean setup .30 break

[10:15] {Threei} with stop under .20

[10:15] {Threei} want to hear why I didn't call it?

[10:15] {nemo} we know

[10:15] {Threei} make your conclusions

[10:16] {magoo} guess what? i too k 10 anyway and out .57

[10:16] {nemo} well...at least you did well on it Vad...and that's good

[10:16] {Les} aw that's nasty, punishing the group for the individual whiners

[10:16] {dino} lol

[10:16] {Threei} I am not punishing anyone

[10:16] {nemo} no...military way

[10:16] {Threei} I am growing hesitant to call it

[10:16] {Les} hmm

[10:16] {magoo} so get in the game mav..god dammit maverick..ENGAGE

[10:17] {magoo} i like rimm now vadL

[10:17] {Les} bull flag forming hgsi?

[10:18] {Threei} let's poll the room first about attitude toward HGSI

[10:18] {magoo} vad, its the mkt thats f'ed ..not the individual stocks..so keep calling RIMM...truthe be told...I HATE THEM ALL..but gotta take trades

[10:19] {Les} oh I get it.... a joke

[10:19] {BillyD} TTIL

[10:20] {Threei} yeah billy, second day

[10:20] {Threei} little piece of crap

[10:20] {BillyD} world of its own

[10:20] {Threei} one of those slow grind climbs

[10:21] {Threei} Short Setup: WFC .95 break

[10:21] {fernp} stop above 28?

[10:22] {Threei} if sets up from here, yeas

[10:23] {Threei} maybe give it one more cent, it tested 28.01 three times over last 15 minutes

[10:23] {dino} sm l ctrp .03 wide

[10:23] {fernp} yes

[10:24] {ese} l fitb avg pr .056

[10:24] {Threei} I hope you are watching RIMM

[10:25] {magoo} asmashed 1 of my 3 keyboards over it vad

[10:26] {dino} cf blood

[10:27] {dino} tera elects cf slate

[10:27] {dino} tra

[10:27] {Les} rimm bull flag setup again?

[10:28] {Threei} way too high now

[10:28] {Threei} risk is getting beyond acceptable

[10:28] {Les} k

[10:29] {Threei} needs selloff to about 58.80 to become a play again

[10:29] {dino} pwrd

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

[10:30] {Threei} - NYSE volume 395M shares, about 40% above its three-month average; decliners lead advancers by 2.7:1.

[10:30] {Threei} - NASDAQ volume 560M shares, about 1% above its three-month average; decliners lead advancers by 1.5:1.

[10:30] {Threei} - VIX index -0.75% to just under 22.50

[10:30] {Les} die wfc

[10:30] {Threei} DNDN Hearing Rodman making positive comments in the name (timing uncertain) (28.20, +0.15, 0.53%)

[10:35] {dino} cedc strong

[10:36] {Threei} WFC starts looking like capable of more than scalp

[10:36] {Threei} 1:1

[10:36] {fernp} ty

[10:36] {bkhmd} ty out

[10:36] {bkhmd} i needed that

[10:36] {Threei} welcome

[10:37] {BillyD} out thx Vad

[10:37] {Les} 1st time partial. half out

[10:37] {Threei} do it by the book Les, stop to .96

[10:37] {Les} k

[10:38] {Threei} locking profit in so you play with house money now

[10:38] {Threei} not letting trade turn into loss or even flat

[10:39] {Threei} allowing profit potential to maximize you accept the risk of it evaporating,

[10:39] {Threei} but what is booked should stays booked

[10:39] {bkhmd} .96 stop? would that not be - 2 on the remainer?

[10:39] {Threei} .95 was critical barrier

[10:39] {Threei} it became new resistance

[10:40] {bkhmd} ahh k

[10:40] {bkhmd} im out just asking

[10:40] {Threei} if it's broken, it invalidates downtrend continuation

[10:40] {strider} ARCL open IPO

[10:40] {Threei} so desicio making wise, this is kind of point where your personal monetary considerations and chart indications must be reconsiled

[10:41] {Threei} and something's gotta give

[10:41] {Threei} chart says .96

[10:41] {Threei} strct breakeven says .95

[10:41] {Threei} 1 cent difference is not that crucial for me that I wouldn't give preference to a chary

[10:42] {Threei} chart

[10:42] {nemo} wmt puking

[10:42] {Threei} 1:2

[10:43] {Les} all out .86 ty for further understanding

[10:43] {Threei} by the book, 1/4 more cover

[10:43] {Threei} 1:3

[10:44] {Threei} either full cover or no covering anymore, just trailing

[10:44] {Les} ok. have confidence now to try partialing.

[10:44] {Les} nice drop. saw descending triangles on fas, spy and wfc but didn't think id see this

[10:44] {Threei} out in full

[10:45] {Threei} .79

[10:45] {fernp} excellent

[10:45] {Threei} and what do you know, no WFC haters

[10:46] {nemo} i'm indifferent to wfc

[10:47] {dino} ctrp stop is lod

[10:48] {strider} ctrp

[10:48] {strider} sorry

[10:48] {BillyD} HIG, our beloved may be setting for short off 24.9

[10:48] {Les} nlst setup?

[10:49] {Threei} NLST is a momo player...

[10:49] {Threei} WFC 1:4

[10:49] {Threei} without us but still

[10:49] {dino} ne

[10:49] {Les} nice to catch a bank with its pants down

[10:50] {Threei} 7 is on the nose

[10:50] {dino} ne gap around 37.30

[10:51] {strider} pcs

[10:51] {Threei} US) Treasury nominee Brainard: Chinese currency rate now seen as getting in the way of economic recovery

[10:51] {Threei} - CNY was a stabilizing force at the height of the crisis

[10:51] {Threei} - CNY now forcing other countries to step up opeartions to halt appreciation in their currencies

[10:52] {Les} took nlst for +.8

[10:52] {magoo} out 7.10 + .60

[10:52] {ese} you called it vad nlst 7

[10:52] {dino} ne hl l .00

[10:52] {Les} doesn't he mean that the US still can't compete with china pegged to the $?

[10:52] {dino} stop lod

[10:53] {magoo} i took that 6.50 cross when lev 2 picked up pace

[10:53] {magoo} too fast to post

[10:53] {magoo} SORRY

[10:53] {ese} what the hell is a hypercloud memory module

[10:53] {Threei} that was the case for decades Les

[10:53] {dino} they don't realize if china appreciates, everything we buy will sky rocket

[10:53] {nemo} they know

[10:53] {Threei} ese... this is the thing that finally made magoo happy today

[10:53] {magoo} im loving everthing

[10:53] {Threei} whew

[10:53] {Threei} thank you god

[10:54] {Les} how long you been trading mags?

[10:54] {magoo} even looked over at HIG he he

[10:54] {Threei} rofl

[10:54] {ese} the module?

[10:54] {magoo} 9 years

[10:54] {Threei} now I need nemo to start loving RIMM and my life will be whole again

[10:54] {magoo} but first 5 was idiot

[10:54] {BillyD} and HIG short worked magoo, there is hope

[10:54] {Les} ? with vad?

[10:54] {bkhmd} We all love RIMM VAD dont pass up on next set up like the one we missed lol

[10:54] {magoo} vad, how long us?

[10:54] {ese} tough task......nobody will ever love rimm

[10:55] {Threei} except first 5 les

[10:55] {Les} :)

[10:55] {Threei} that was an idiot stage :)

[10:55] {magoo} 4

[10:55] {Les} lucky to find you then. still in my first year

[10:55] {Threei} I'd have to look it up mags... on top of memory I'd say 4-5

[10:55] {strider} then mags got his hypercloud memory module, and well, the rest is history.

[10:55] {magoo} wish i met the grumpy ole boy earlier

[10:55] {Threei} lol strider

06[10:56] * Threei changes nick to Grumpy Ole Boy

06[10:56] * Threei remembers than there is no country for grumpy old men and changes back

[10:56] {magoo} one thing vad should admit if he wants to be serious...i always had a "feel" or read on momo moves...my thing

[10:56] {Threei} oh yeah

[10:56] {Threei} you live for that

[10:57] {fernp} FAS breaking lod

[10:57] {dino} nuva

[10:57] {Threei} and getting better and better in two things

[10:57] {Threei} 1, recognizing momo

[10:57] {Les} yes, i asked you because you are aggressive on some stocks

[10:57] {Threei} 2. controlling risk when momo leaves

[10:57] {Les} I remember reading of mags when AIG was white hot earlier this year

[10:57] {Threei} watch NLST guys

[10:57] {Threei} momo recognition

[10:57] {Les} thinking wow, thats big cash being made

[10:58] {magoo} yea...but like 4 years ago even..vad will confirm..we used to nail momo like BOOM remember vad?

[10:58] {Threei} I need a tissue

[10:58] {BillyD} lol...

[10:58] {Les} sentimental old goy

[10:58] {Les} boy

[10:58] {nemo} what kind of tissue vad?

[10:59] {BillyD} almost a mutiny 1 hr ago and now everyone is happy

[10:59] {nemo} what mutiny...just pissin' and moanin'

[10:59] {dino} nuva

[10:59] {dino} bi-polar bd

[10:59] {Threei} lol... it's not a democracy here, no such things as mutiny

[10:59] {nemo} yeah, the beatings will continue until morale improves

[11:00] {Threei} just one lesson left for today

[11:00] {BillyD} Vad, I thought you were gonna be Capt Bly and make everyone walk the plank

[11:00] {nemo} and then, they'll continue some more

[11:00] {cosmo} hmm...animal house

[11:00] {Threei} or hang on the mast

[11:00] {nemo} Did we give up when the Germans bombed Pearl Harbor!

[11:00] {Threei} I am waiting with the lesson a bit,

[11:00] {dino} heck no

[11:00] {Threei} want you to observe NLST

[11:01] {dino} lol

[11:01] {nemo} lol

[11:01] {Les} what for. further momo?

[11:01] {Threei} it's displaying very typical momo behavior

[11:01] {Les} k

[11:01] {Threei} watch pace, watch how it acts on braks and pullbacks

[11:01] {Threei} compare pace

[11:01] {Threei} see when the breaks act as trap,

[11:01] {Threei} when they are real,

[11:02] {dino} nuva hl l .50

[11:02] {Les} is typical of falling stock as well? or completely different sort of momo?

[11:02] {dino} stop lod break

[11:02] {Threei} when opullbacks are for enter and when they are hopeless, just little bounce and drift lower

[11:02] {Threei} it's very hard to put in any set of rules,

[11:02] {Threei} you need to watch it and get a feel for it

[11:02] {Threei} no Les, that's different thing

[11:03] {Threei} capitualtory selling is governed by different kind of emptions

[11:03] {Les} k

[11:03] {cosmo} ultimately, she be a heart breaker

[11:03] {Threei} they are just as scorching hot, but they are different

[11:03] {nemo} rimm (ow) again vad

[11:03] {Threei} aren't they all cos

[11:03] {cosmo} for some time now ...yea

[11:04] {dino} men lose lots of money chasing women, but rarely do they lose women chasing money

[11:04] {Threei} .30 resistance

[11:04] {Threei} watch how it acts aaround it

[11:04] {Threei} good one dino

[11:06] {magoo} when money goes out the window (ie trading losses)...women go out the door

[11:06] {dino} nuva stopped -.30

[11:06] {Threei} but the opposite is just as true

[11:06] {dino} try again lower

[11:07] {nemo} nothing more important to a relationship than money

[11:07] {Threei} when women come in the door, money goes out the window

[11:07] {fernp} lol

[11:07] {dino} w/o it lots of trouble

[11:07] {cosmo} follow the money

[11:07] {nemo} We'd still be in The Garen of Eden if it weren't for them

[11:07] {strider} I hate NUVA

[11:07] {magoo} well vad..but for me just a lil tweak...when $$ is coming in...i like to KICK my current women out the door

[11:07] {Threei} then I am thankful to them

[11:07] {dino} oh man, rinsed big time

[11:07] {strider} damn rinse-o-matic

[11:07] {Threei} that garden wsas horrifyingly boring

[11:07] {nemo} Bible leaves out the part where Eve threatened to shut off Adam if he didn't eat the apple

[11:08] {nemo} Oh, yeah, boring, eat, sleep, sex...boring

[11:08] {dino} roflol

[11:08] {Threei} what can I do nemo... I am a hunter

[11:08] {nemo} makes two of us

[11:08] {dino} how did that get us strider

[11:08] {Threei} I need to get mine in a chase

[11:08] {magoo} me hunter

[11:08] {cosmo} some say snakes used to be our friends

[11:09] {Threei} not to be given it

[11:09] {strider} dunno

[11:09] {cosmo} but ...no matter

[11:09] {Threei} I ejoy the process of getting the prize more than consuming it

[11:09] {strider} very suspicious looking, though

[11:09] {dino} wolf is always at the door

[11:11] {Threei} Les, looking back at remark about RIMM risk becoming unacceptably high near 59.50

[11:11] {Threei} see what it did since then?

[11:11] {Les} y

[11:11] {Threei} hard shakeouts,

[11:11] {Threei} bounces,

[11:11] {Threei} but nothing even close to another break and run

[11:11] {strider} PCS c&h

[11:12] {nemo} op ex friday afternoon

[11:12] {Les} non of that is conspiracy though is it

[11:12] {strider} I'm in small at .36

[11:12] {Les} just locking in profits etc etc

[11:12] {Threei} NLST nears critical level again

[11:12] {Threei} third time

[11:12] {Threei} of course no Les

[11:12] {Threei} simple trading

[11:13] {nemo} WMT almost back to yesterday entry

[11:13] {Threei} 99% of conspiracies are meaningless bs

[11:13] {nemo} It helps those of us with paranoid delusions cope

[11:13] {Threei} give a read to

[11:13] {Threei} http://www.realitytrader.com/blog/2009/08/manipulation-myth-and-reality.html

[11:14] {nemo} yeah, but you're on retainer to Goldman Sachs :)

[11:14] {Threei} most of "manipulation" cries is nothing but cop out of self-responsibility for the result of your own desicions

[11:14] {Threei} of course I am

[11:15] {Threei} Goldman Sachs is very concerned about opinion of two dozens day traders

[11:15] {nemo} nlst

[11:15] {nemo} well there's only one Darth Vad

[11:16] {nemo} mags you in again?

[11:16] {Threei} one of old patterns works for NLST here

[11:16] {BillyD} it show a change

[11:16] {Threei} sewcond test of the high is more often a failure,

[11:16] {Threei} third is more often success

[11:21] {strider} reboot

[11:23] {cosmo} nlst wont die ...until it spawns

[11:23] {Threei} I believe 8 will be hit

[11:23] {nemo} any news on pru?

[11:23] {Les} can we have a go

[11:23] {Threei} it displays all signs on momo continuing

[11:23] {magoo} yes and out noew

[11:24] {Threei} PRU Hearing added to US 1 list at Merrill/BofA (timing uncertain)

[11:24] {Threei} - Hearing SSW, TXN, TMK removed

[11:24] {nemo} ty

[11:24] {magoo} [11:17] {nemo} mags you in again?

[11:24] {nemo} yes mags, ty

[11:25] {magoo} sorry was away from desk

[11:25] {nemo} vad, wmt at 54.12

[11:25] {strider} PCS testing high

[11:25] {magoo} pullbks the way to p[lay

[11:25] {magoo} but its getting RISKIER as we go now

[11:25] {BillyD} where was your entry mags?

[11:25] {magoo} .50

[11:25] {magoo} out .73

[11:25] {BillyD} thx

[11:26] {magoo} looks likje 8

[11:26] {magoo} prob breathe at 7.90 area

[11:26] {magoo} could be top thee

[11:27] {magoo} or if takes 8 can go 8.20

[11:27] {magoo} breahe, the .70

[11:27] {magoo} but hey

[11:27] {magoo} take a pullbk iif IF sets up and gotta keep STOP

[11:28] {magoo} in case its done

[11:28] {BillyD} we about to bounce Vad

[11:28] {Threei} CRXX Hearing ticking higher on positive newsletter mention (1.03, +0.15, 17.05%)

[11:29] {dino} crmt gap filling

[11:29] {dino} great report

[11:31] {Les} .50 yer pullback on nlst mags?

[11:34] {Threei} NLST more or less calmed down for now

[11:34] {Threei} so, let' me nudge you in the direction I wanted you to think about

[11:34] {nemo} wfc break of .80? stop uner .75

[11:34] {BillyD} Vad, any read on WMT

[11:35] {BillyD} doesn't seem done selling yet

[11:35] {Threei} WMT, not yet

[11:35] {Threei} right

[11:35] {dino} crmt sm l 35

[11:35] {dino} .35

[11:35] {Threei} WFC, 50/50

[11:35] {Threei} back to our sheeps

[11:36] {nemo} animal fetishes?

[11:36] {Threei} being a teenager, you probably heard from parents or teachers

[11:36] {Threei} "watch your mouth"

[11:36] {Threei} well, it does apply to trading

[11:36] {Threei} as far as mindset goes

[11:36] {nemo} sheep an wolves

[11:37] {Threei} all these negative comments you make, out loud or for yourself,

[11:37] {ese} well whats happening........dropped my son off at school

[11:37] {Threei} they form your mindset

[11:37] {Threei} tell yourself 10 times how RIMM is not working, how you always lose on it, how you hate it

[11:37] {Threei} then that one rifht setup comes,

[11:37] {Threei} and you are left in dust

[11:37] {Threei} because ou cnvinced yourself that you should ignore it

[11:38] {magoo} NLST guys...beware..it could be done

[11:38] {magoo} ill post when i like it

[11:38] {Les} thanks

[11:38] {magoo} widowmaker remember

[11:38] {magoo} was 3 bux a week ago if i recall

[11:39] {Threei} 1

[11:39] {Les} i keep tabs on traders tweets elsewhere. all out on nlst

[11:39] {nemo} pru short, break of .75, stop .90?

[11:39] {nemo} invalidate .90 too?

[11:40] {Threei} I'd prefer aggressive entry on it

[11:40] {Threei} no breakdown worked on PRU today

[11:40] {Les} egle pushing for new high

[11:42] {Les} cat dropping hard. monthly charts suggests support around 57?

[11:43] {fernp} WMT almost hit 55 this morning and now is trading at 54. I don't know how swing traders make money

[11:43] {Threei} who says they do

[11:43] {fernp} :-)

[11:44] {Les} egle long with .90 trigger?

[11:44] {Threei} les, this is not the kind of support that is huaranteed to provide any guidance

[11:44] {Threei} why 5.90?

[11:44] {Les} ok. so breaking previous high for the day doesnt guarantee anything?

[11:45] {Threei} what are you talking about? my first comment was on CAT

[11:45] {Threei} second on EGLE

[11:45] {Threei} how do you combine them in one question?

[11:45] {Les} :P

[11:46] {Les} ok. so 57 is not "bounce" territory?

[11:46] {Threei} by itself, no

[11:46] {BillyD} back to CAT then

[11:46] {Threei} if right setup is forming and market helps, yes

[11:46] {strider} DDS salmon

[11:55] {dino} freakin' nuva rinse

[11:55] {Les} DCTH

[11:55] {Les} another momo?

[11:56] {Threei} look at T&S

[11:56] {nemo} coma

[11:56] {Les} interesting

[11:56] {nemo} volume

[11:56] {nemo} fcx

[11:57] {magoo} guys, NLST is so far holding..but were in wrong time of day now

[11:57] {nemo} wmt

[11:57] {nemo} sorry

[11:57] {magoo} wouldnt be surprised to see it lose 7

[11:57] {dino} oil moving

[11:57] {magoo} great momo sign if it does NOT

[11:58] {Les} thanks. will keep it in front of me

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

[12:00] {Threei} - NYSE volume 560M shares, about 14% above its three-month average; decliners lead advancers by 2.7:1.

[12:00] {Threei} - NASDAQ volume 945M shares, about 5% below its three-month average; decliners lead advancers by 1.8:1.

[12:00] {Threei} - VIX index +0.75% to just over 22.50

[12:01] {Threei} news cycle is completely overtaken by Oprah quitting

[12:02] {Threei} never mind health care debate, economyh voes, unemployemtn

[12:02] {Les} for one person to have that much pull in a society...

[12:03] {Threei} she quits in TWO years

[12:03] {Threei} yet fokr the second day it's all TV talks about

[12:04] {Threei} there is such sense of urgency in discussing evcerything related, I start thinking.. may be during these two remaining hyears I need to watch a single show of hers?

[12:04] {Les} nah, she is going to do her own show on her own cable company

[12:05] {Les} after she quits nbc or whoever it is

[12:05] {Les} dell short?

[12:05] {Les} volume stinks

[12:05] {Threei} charts are in conflict

[12:06] {Threei} intraday is short, daily is not

[12:06] {Les} ouch thats a nasty drop on daily

[12:07] {Les} nlst holding firm into lunch

[12:08] {Threei} NLST actually formed little setup hr3

[12:08] {Threei} .50 break if holding .40

[12:11] {Threei} 1:1

[12:11] {fernp} ty

[12:11] {Threei} :)

[12:11] {Threei} nice and easy

[12:11] {Threei} unusually easy for such wild animal

[12:12] {Threei} but taming wild animals is very satisfying

[12:12] {Les} damn missed. dinner preperation time

[12:12] {Les} follow through likely?

[12:12] {Threei} lunch time...

[12:13] {Les} k

[12:17] {Threei} attempt at 7.80 will be made now

[12:17] {fernp} are u still in NLST?

[12:17] {Threei} how successful, no way to tell

[12:17] {Threei} no, took scalp

[12:17] {fernp} i fell better

[12:17] {fernp} lol

[12:19] {fernp} fell = feel

[12:22] {Threei} 42% Rate Geithners Performance As Poor

[12:22] {Threei} Twenty percent (20%) rate Geithners performance in these areas as good or excellent.

[12:23] {Threei} ok, starting tally of idiots again

[12:23] {Threei} 20% so far

[12:24] {Les} the federal government employs about 20% of the pop., don't they?

[12:25] {Les} or all state and local authorities combined...

[12:25] {Threei} interesting coincidence if so

[12:30] {magoo} [11:27] {magoo} prob breathe at 7.90 area

[12:30] {magoo} [11:27] {magoo} could be top thee

[12:30] {magoo} [11:27] {magoo} or if takes 8 can go 8.20

[12:30] {magoo} [11:28] {magoo} breahe, the .70

[12:41] {dino} .

[12:42] {nemo} mon

[12:42] {nemo} sorry

[12:44] {fernp} HIG double bottom?

[12:48] {Threei} nah

[12:48] {nemo} If I recollect correctly...Op Ex Friday afternoons are corpse-like

[12:49] {nemo} I'd say limp as a dead fish, but that hits too close to home

[12:54] {nemo} mon increasing volume on this rise, might be .25 break would be stop .15

[12:55] {bkhmd} .

[13:00] {magoo} AWIAV?

[13:01] {Threei} c

[13:02] {Threei} HIG, .75 break looks like valid short trigger

[13:04] {nemo} or .78 break long?

[13:04] {nemo} speak of the devil

[13:04] {BillyD} why nemo long

[13:04] {nemo} DB

[13:05] {nemo} lower volume spike on 2nd bottom

[13:05] {BillyD} resistance up to .83 and no support below .75

[13:05] {nemo} you ever watch dino trade?

[13:06] {BillyD} not really followed

[13:06] {nemo} does a lot of these

[13:06] {BillyD} his entry style

[13:06] {BillyD} different ways to skin a cat

[13:06] {nemo} yep

[13:07] {nemo} now if volume increases w/price here, could be strong move

[13:07] {magoo} crap NLST

[13:08] {dino} you mean quarter breaks?

[13:08] {nemo} huh? don't know what you call them, but you catch turns regularly

[13:09] {dino} lucky sometimes

[13:09] {nemo} Yeah, it only takes the fingers and toes of a combat battalion to count the number of times you've been lucky

[13:10] {dino} i'm wrong alot too

[13:10] {nemo} Billy, if hig holds support here and breaks .82, whaddya' think?

[13:11] {BillyD} I don't like it long beccause I would prefer the clean breakdown with no resistance

[13:12] {nemo} what about if volume were to increase along with price?

[13:12] {dino} i'll tell you where i'm screwing up lately, not booking scalps because i want more. like hitting my head against the wall

[13:12] {nemo} yeah dino, scalps have been winning predominantly, with just enough runners to pull out your fingernails

[13:12] {dino} current examples ne and crmt

[13:13] {BillyD} key is nemo if volume will continue, needs mkt help and foloow thru

[13:13] {dino} you said it nemo

[13:13] {BillyD} break of low of day sparks a little more panic and people sell

[13:13] {dino} tempted to say f it and turn to total scalp mode for month

[13:13] {nemo} right there on that one BIlly

[13:14] {nemo} I mean I'm right there with you on that one

[13:14] {BillyD} we'll see what happens :)

[13:14] {dino} ok vad, close guess dji, +.66

[13:14] {nemo} You watch, I can't look...

[13:15] {BillyD} goes either way or goes nowhere

[13:15] {nemo} definite maybe

[13:15] {BillyD} absolutely :)

[13:16] {dino} cute movie

[13:17] {nemo} what movie?

[13:17] {dino} definitely maybe

[13:17] {nemo} didn't know about it

[13:17] {dino} chick flick, wife rented it

[13:18] {nemo} DE vad?

[13:18] {Threei} .25 is valid long chart wise

[13:18] {Threei} market overall at this point in time, I don't know

[13:19] {nemo} yeah, back and forth

[13:19] {fernp} shorted HIG aggressively .79 stop above .85

[13:20] {ese} have a great weekend all....gotta go...still long fitb.05....i smell money here...cya

[13:21] {dino} cya es

[13:21] {ese} dino

[13:21] {strider} ese:)

[13:21] {Threei} take care ese

[13:21] {fernp} bye ese

[13:23] {Les} bon weekend ese

[13:23] {Les} nlst?

[13:24] {Threei} ?

[13:24] {Les} nope

[13:24] {Threei} what has changed in it?

[13:25] {Threei} still oscillates bteween .50 and .80

[13:25] {Les} .75 break

[13:27] {Les} ?

[13:27] {bkhmd} did u grab it les?

[13:27] {Les} no. burnt once twice shy.

[13:28] {dino} tecd

[13:28] {Threei} how did you get burnt on it?

[13:28] {Les} descending triangle on MA .50 short trigger?

[13:29] {Les} like someone said before. got greedy. had the scalp in the hand and I wanted more

[13:29] {strider} news on TECD? none on the fly

[13:29] {bkhmd} should come back and test .81

[13:29] {Threei} nothing fresh

[13:31] {Les} damn MA good for .10.

[13:31] {dino} vad what say you on the dji close?

[13:31] {strider} QUIZ: Who spoke this line, and in what movie?

[13:32] {strider} "Is cod in fresh season?"

[13:32] {Threei} -35 dino

[13:32] {strider} hint: was a language barrier.

[13:32] {dino} +66

[13:32] {Threei} beer?

[13:33] {strider} is that your answer?

[13:33] {Threei} I am -1 on beer, gotta get even

[13:33] {fernp} stopped HIG

[13:36] {dino} ok

[13:41] {Les} ascending triangle forming on nlst

[13:41] {Les} .85 break?

[13:42] {Threei} Les

[13:42] {Threei} NLST is momo

[13:42] {Threei} momos rarely obey technicals

[13:42] {Threei} razre cases when they do I call

[13:42] {Threei} like that .50 break

[13:42] {Les} k

[13:43] {Les} so you won't bite?

[13:43] {Threei} bite as in trade it or call it?

[13:43] {Threei} call - no

[13:43] {Threei} I do not make calls on momos other than define them as such

[13:43] {Threei} or in one of those rare cases

[13:44] {Threei} when they provide relatively low risk high odds opportunity

[13:48] {strider} AMZN hod

[13:48] {Threei} attack on 8 is imminent

[13:49] {strider} futs

[14:00] {Les} fas b/d?

[14:01] {Les} descending triangle.

[14:01] {Threei} not my kind of setup

[14:01] {Threei} sharp spike, pullback on decereasing volume

[14:01] {Threei} typical bull flag

[14:02] {dino} what to do what to do

[14:04] {Threei} see it now Les?

[14:05] {strider} market closed next friday, or just thursday}?

[14:05] {dino} just thursday

[14:05] {nemo} thurs

[14:05] {Threei} but you can imagine what kind of trading we get on Friday

[14:05] {dino} not allowed to be closed more than 3 days in row

[14:05] {Les} yeh. didn't think of bull flag

[14:06] {strider} something like this afternoon?

[14:06] {Threei} don't look at the last "piece" of chart in isolaion

[14:06] {Threei} view bigger pictuire

[14:06] {Threei} then you'll have better idea of how this piece plays in overall situation

[14:06] {Threei} everything is part of mosaic

[14:07] {dino} out ne +.27, out crmt +.25, out ctrp +.49

[14:08] {BillyD} gj dino

[14:08] {dino} ty, tired of watching them drop bacl to entries

[14:09] {BillyD} sometimes prudence is best

[14:09] {nemo} Dear Prudence

[14:10] {dino} lol

[14:10] {Les} b/o coming in MON?

[14:11] {strider} Patience is good also.

[14:11] {nemo} there's a setup

[14:11] {Les} .95 trigger?

[14:12] {nemo} would be break, yeah, but had a helluva up move

[14:12] {Threei} could be...

[14:12] {Threei} MON has a chance

[14:12] {fernp} fourth week ending in positive. Thank you vad, I was not used to it. ty again

[14:12] {fernp} gotta go. have a nice weekend everybody. see you all on monday

[14:12] {nemo} invalidated under 80

[14:12] {Threei} fern...

[14:12] {Threei} helluva result for someone who hates so many stocks :)

[14:13] {Les} ciao

[14:13] {Threei} glad to hear, have a great weekend

[14:13] {fernp} lol. you too

[14:13] {nemo} spy might be topping out

[14:13] {dino} of course, now ne continues

[14:13] {dino} ctrp too

[14:14] {dino} cya fern

[14:14] {magoo} nice fern

[14:14] {strider} fern:)

[14:15] {nemo} mon invalidated

[14:15] {Threei} yup

[14:16] {Threei} good job by fern, amazing consistency

[14:16] {Les} would it have been appropriate to fade? tried to but was late to party.

[14:16] {Threei} he is a scalper mostly, and last month was a scalper's market

[14:17] {nemo} got delining volume on cat vs increasing price action

[14:18] {strider} short amzn .76, stop hod

[14:20] {ilana} your favorite GLD - .60 breakdown?

[14:20] {nemo} i hate gld :)

[14:21] {Threei} not sure about it here

[14:21] {Threei} pretty random

[14:21] {nemo} I'm not seeing stocks match the pullback in the indexes

[14:24] {patience} it took me 3 hours, 20 minutes to scalp .30 on yamana gold.....not a quickie

06[14:25] * Threei makes a mental note: do not turn to AUY for a quickie

[14:29] {Les} MA wants to go up

[14:30] {BillyD} something about NLST chart at .75 w/ large offer looks appealing

[14:31] {strider} out amzn -.03

[14:36] {Threei} RIMM...

[14:36] {Threei} wstching if consolidates better near 60

[14:36] {nemo} the volume spike?

[14:41] {magoo} only prob is buying the high

[14:41] {Threei} if NASDAQ spikes again from here, .60o will be a valid trigger

[14:41] {Threei} if holding above .90 meanwhile

[14:43] {Threei} watch it here

[14:43] {Threei} if markert reverses from here, .90 becomes trigger for bounce

[14:43] {BillyD} bull flag

[14:44] {Les} wfmi

[14:47] {BillyD} you in vad

[14:47] {strider} in .91

[14:47] {Threei} no

[14:47] {Threei} feels too random and market doesn't show any support

[14:47] {strider} I did it on FAS spike

[14:47] {BillyD} ok

[14:48] {Threei} FAS is not really a lead for RIMM

[14:51] {dino} bd, nemo, see my issues, ne, crmt, ctrp all could have been double. driving me nuts

[14:51] {strider} out .83

[14:51] {BillyD} dino, do you partial?

[14:52] {strider} Vad, when you say to follow the market, what are you looking at? Does an uptick on 1min. count?

[14:52] {Threei} if it's in a chart context, sure

[14:52] {nemo} wow, ctrp

[14:52] {Threei} overall, directional support

[14:52] {strider} ?

[14:52] {Threei} simple things like:

[14:53] {Threei} do you want to buy a breakout while market downticks sharply?

[14:53] {strider} but it

[14:53] {Threei} or if hunting for bounce,

[14:53] {dino} no bd,

[14:53] {strider} it's the 'market downticks" that I'm asking about.

[14:53] {Threei} if your stock stabilized

[14:53] {strider} what is it for the market to downtick.

[14:53] {nemo} what's bd

[14:54] {Threei} hmm?

[14:54] {dino} billyd

[14:54] {Threei} sorry, you lost me

[14:54] {BillyD} that would be me nemo

[14:54] {nemo} got it

[14:54] {nemo} was looking for stock

[14:54] {BillyD} lol

[14:54] {strider} you say "while market downticks". I'm trying to understand what that means.

[14:54] {Les} ctrp about to b/d?

[14:54] {nemo} moving down strider

[14:55] {Threei} dcownticks is dowticks

[14:55] {Threei} prints lower

[14:55] {Threei} bids drop, asks follow

[14:55] {Les} stupid question after such gains...

[14:55] {strider} so you're watcching T&S, rather than chart?

[14:55] {strider} or both.

[14:55] {Threei} market was till dropping while RIMM touched .90 and broke it by a cent or two

[14:55] {nemo} look at indexes les...kinda going with them ato the moment

[14:56] {Threei} chart is one min, sometimes it's not enough for fast play like this

[14:56] {Threei} T&S runs next to chart

[14:56] {strider} right

[14:56] {dino} and t&a is afterhours (couldn't resist)

[14:57] {nemo} Frickin friday funfest

[14:57] {strider} so, if RIMM had touched .90, at the same time as a futs uptick, you would have bought?

[14:57] {strider} or broke .90

[14:58] {Threei} probably

[14:58] {Threei} hard to answer hypotetical

[14:58] {Threei} depends on chart formation at tghe moment,

[14:58] {Threei} depends on how far from .90 it bottomed,

[14:58] {BillyD} it comes down to feel with all the indicators Strider

[14:59] {Threei} how it came back, sharply or slowly climbing

[15:01] {strider} I'm just trying to understand what you're making your decisions on when you say: if holding above .90 meanwhile

[15:01] {strider} [14:43] {&Threei} watch it here

[15:01] {strider} [14:43] {&Threei} if markert reverses from here, .90 becomes trigger for bounce

[15:02] {Threei} those are two different comments

[15:02] {Threei} first was for 60 break if holding above .90

[15:02] {strider} sorry...grabbed too much.

[15:02] {Threei} when it got invalidated, it turned into bounce setup instead of break setup

[15:03] {strider} right

[15:04] {strider} so the question is about: "if market reverses from here." I'm trying to understand how you make that decision.

[15:05] {strider} An uptick doesn't seem like a market reversal.

[15:06] {Threei} not without context

[15:06] {Threei} look at it this way

[15:07] {Threei} market consolidates under the breakout level, then upticks above it

[15:07] {Threei} another case:

[15:07] {Threei} market drops sharply, then makes one uptick

[15:07] {Threei} are those uopticks the same or different in their respective contexts?

[15:08] {strider} They're very different.

[15:08] {Threei} right

[15:08] {Threei} in first case it's meaningful

[15:08] {Threei} in second, it's very likely to be "accidenatl"

[15:08] {Threei} non- event in a sense of defining the direction

[15:08] {Threei} now, third case

[15:09] {Threei} market drops sharply,

[15:09] {Threei} makes a few upticks

[15:09] {Threei} drops again, hold support of previous drop

[15:09] {Threei} and stat upticking again

[15:09] {Threei} is there significance to it?

[15:09] {strider} Yes

[15:09] {strider} holding support

[15:09] {Threei} right, double bottom is likely forming

[15:10] {Threei} so, you have a context now to that comment

[15:10] {strider} Maybe one mistake I've been making is using line charts for futs indicators.

[15:10] {Threei} if I say market reversing

[15:10] {Threei} and one uptick reversal makes not

[15:10] {strider} right

[15:10] {Threei} ... :)

[15:10] {Threei} I prefer bar charts

[15:10] {Threei} cnadles

[15:10] {Threei} candles

[15:11] {Threei} not line

[15:11] {strider} yeah. Easier to see patterns. Used to looking at them.

[15:12] {strider} Is the QQQQ as good as Naz futs for leading indicator? Or not quite as good?

[15:12] {Threei} nah, same thing

[15:12] {strider} And DIA and SPY}

[15:12] {strider} ?

[15:12] {Threei} yes, just for diff markets

[15:13] {strider} OK. THanks. I've been hampering myself by not seeing ordinary chart patterns in the QQQQ--because I was using line chart for it.

[15:13] {BillyD} nlst selling

[15:14] {strider} Was just seeing general directional trends.

[15:17] {BillyD} dino, NE got enough for play if crosses .50

[15:18] {dino} looks so

[15:19] {Les} aig dropping

[15:21] {nemo} wanna' big C&H vad....tck

[15:21] {dino} rally monkey

06[15:21] * nemo slaps dino around a bit with a large monkey

[15:22] {Les} hgsi consolidating?

[15:23] {Threei} I like overall look of TCK

[15:23] {dino} lol

[15:23] {Threei} not HGSI

[15:24] {BillyD} AIG didn't participate with the mkt spike , may be short off 35

[15:24] {dino} crmt trying to break up

[15:24] {dino} dish has been odd, drops wed 2+ and sits in 35 cent range for two days

[15:25] {dino} nuva hl l .00

[15:27] {nemo} alota order at 34

[15:30] {Les} tck trigger?

[15:31] {Threei} you believe in breakout and run here?

[15:31] {dino} ok 3i 60 pts up for me or 30 down for you

[15:31] {Threei} then this is your trigger, right here

[15:32] {nemo} I think the ppt wants it positive

[15:32] {Threei} sigh

[15:34] {strider} AIG continues to look weak, Billy

[15:35] {Les} someone likes MA

[15:35] {dino} crmt hl l .00

[15:36] {bkhmd} have a good weekend all

[15:36] {bkhmd} thanks VAD for today

[15:36] {strider} see ya bk

[15:36] {Les} cheers

[15:36] {dino} cya bk

[15:37] {Threei} take care bkh

[15:37] {dino} bk=black knight i guess

[15:37] {BillyD} I wanted it to stay under .10 Strider, my preference though

[15:38] {dino} nuva to .24

[15:39] {dino} out +.24

[15:40] {dino} ctrp hl l .00 trig

[15:42] {dino} wall of china at .00

[15:42] {nemo} ba da bum

[15:43] {dino} yabba dabba doo

[15:43] {nemo} wall of china, chinese travel company...sheesh

[15:43] {dino} giddyup

[15:43] {dino} lol didn't think of that

[15:43] {Threei} TCK if you went for it feel free to take profit here

[15:43] {Threei} likely to pullback now

[15:44] {dino} these .25 mutliple triggers are not what they used to be

[15:45] {nemo} you mean break of .25 .50 .75, etc?

[15:46] {dino} and .00 yes, they used to be pretty reliable

[15:47] {dino} now they are about as useful as humpty dumpty

[15:48] {nemo} yeah, easy targets for algo programs

[15:48] {dino} stopped -.10

[15:48] {Threei} TCK quite obeying

[15:49] {Threei} or obedient

[15:49] {Threei} or whatever

[15:49] {dino} you short it?

[15:49] {Les} thought of fading, but noted you said "Likely" to pull back, not surely. don't know when pullbacks can be faded...

[15:50] {dino} rinsed again

[15:50] {Threei} no dino, alerted earlier about closing long around .74

[15:50] {dino} yes, saw that

[15:52] {dino} ugh ctrp

[15:52] {BillyD} CTRP too spikey for tight stops

[15:52] {dino} decides to go against market all sudden

[15:52] {strider} don't care what vad says, there's a 'they' out there doing that stuff, dino.

[15:52] {BillyD} yeah and not with it earlier

[15:53] {Threei} and even if you are paranoid, it doesn't mean they are not watching you

[15:53] {strider} damnm right.

[15:54] {Les} ha. and on that witty note I shall take my leave. bon weekend everyone

[15:54] {Threei} take care les

[15:54] {nemo} yeah frohes Wochenende

[15:54] {dino} yeah i think magoo has group countering my trades

[15:54] {strider} nemo, you're babbling again

[15:55] {dino} cya les

[15:55] {BillyD} dino, I never took the NE break at .50, it didn't seem to have enough pace to get me a .15 1:1.......at .94 now...lol

[15:55] {dino} i've heard rumors that "they" work for sara lee

[15:55] {strider} hey.....nobody doesn't like Sara Lee.

[15:55] {dino} i see it, i took wrong one ctrp and crmt

[15:55] {nemo} I feel ill

[15:56] {strider} got a wastebasket nearby?

[15:56] {dino} huh

[15:56] {dino} my advice to you nemo, drink heavily

[15:56] {strider} and often

[15:56] {nemo} going to exercise class

[15:57] {dino} and magoo, go on a diet, fat, drunk, and stupid is no way to go through life

[15:57] {Threei} dino, I guess we will have to call it a draw

[15:57] {dino} i believe so

[15:57] {nemo} ahhh...double secret probation

[15:58] {nemo} nah, closer to you Vad then him

[15:58] {strider} See you all Monday.........

[15:58] {Threei} way too far from either to have any significance

[15:59] {nemo} we

[15:59] {BillyD} cya strider and everyone, have a good wknd

[15:59] {nemo} we're talking beer here

[15:59] {strider} Billy:)

[15:59] {dino} crmt holding over

[15:59] {Threei} ok guys, thank you all

[15:59] {Threei} have a good weekend

[15:59] {strider} 3I:)

[15:59] {Threei} see you on Monday

[15:59] {nemo} nighty night

[15:59] {strider} thirty one eye

[16:00] {Threei} that's one scary image

[16:00] {nemo} yeah...optometrists nightmare

[16:01] {Threei} lol

[16:01] {dino} spider

[16:01] {dino} well bowflex time

Nov 19 2009

Uneven start for the day - somethings worked, some didn't... and then along came WMT with nice breakout that gave us almost 50 cents. That made a day worth living - as far as trading goes.

Session Time: Thu Nov 19 00:00:00 2009

[05:17] {KSystems} Good morning crowd

[05:17] {KSystems} Yes yes, autographs will come after the show

[05:17] {KSystems} make sure to line up early enough!

[05:17] {KSystems} Thank you, thank you.

[08:04] {Les} oink oink! ACHOO!

[08:04] {nemo} go home...don't infect us

[08:05] {Les} are markets sufficiently infected today that we're going to make money?

[08:05] {nemo} trade what you see not what you think

[08:07] {Les} good slogan comrade, but from your experience are futures ugly enough to make some good moves today?

[08:08] {nemo} always bounce plays and inverse etfs

[08:08] {nemo} Vad made a killing last fall when the market was falling apart

[08:09] {Les} that's what I wanna hear...

[08:12] {KSystems} S&P fut down 9.00 so far, DJ -65

[08:12] {KSystems} morning

[08:12] {KSystems} and nasdaq fut -12.75 to complete the list

[08:13] {nemo} na ja, Tag Herrn K

[08:13] {KSystems} hi nemo

[08:15] {KSystems} UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT in 15min

[08:21] {nemo} Mmmmhhhh....Where's Czar Vad?

[08:27] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:27] {Threei} - Expectations for initial claims are 504K v prior release of 502K (range seen from 485K to 550K)

[08:27] {Threei} - Continuing claims seen at 5.598M v prior 5.631M (range seen from 5.350M to 5.700M)

[08:27] {Threei} ***Reminder: the last sub 500K reading in initial claims was back in early Jan 2009

[08:30] {nemo} So what's that make, 22million jobs lost this year?

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 505K V 504KE; CONTINUING CLAIMS: 5.611M V 5.598KE

[08:30] {Threei} ummm... hoorrraaaay?

[08:30] {nemo} yep...yipee

[08:31] {Threei} meanwhile, canadaian real estate smashed records in October

[08:31] {Threei} believe it or not

[08:33] {nemo} gme up big

[08:39] {Threei} GME Reports Q3 $0.31 v $0.30e, R$1.83B v $1.7Be

[08:39] {Threei} - Affirms Q4 EPS $1.47-1.65 v $1.57e (prior $1.47-1.65)

[08:39] {Threei} - Guides Q4 SSS -7% to -1%

[09:03] {fernp} Good morning everybody

[09:03] {Threei} fern :)

[09:05] {strider} morning all.:)

[09:06] {Threei} strider :)

[09:06] {strider} NTES, GYMB

[09:07] {strider} MRVL

[09:08] {strider} vad:)

[09:10] {cosmo} HOTT pre mkt high = 5.98 fwiw

[09:11] {cosmo} ....maybe 6....

[09:12] {Threei} HealthPort IPO reportedly postponed due to market conditions

[09:12] {Threei} - Note that on 10/21 the company set pricing range for IPO at $14-16/shr

[09:12] {Threei} ***Note: HealthPort is a leading provider of healthcare information services and technology solutions to approximately 1,900 hospitals and health systems and 8,000 independent and hospital-affiliated physician clinics. Our primary business is providing outsourced technology-enabled release-of-information services to our customers, which we refer to as ROI.

[09:12] {ese} morning

[09:13] {Threei} ese :)

[09:14] {lasertrev} gm

[09:14] {ese} LT

[09:14] {Threei} trev :)

[09:14] {lasertrev} :)

[09:14] {BillyD} GM all

[09:15] {lasertrev} hi Billy

[09:15] {BillyD} trev :)

[09:16] {Threei} Billy :)

[09:19] {dino} gm all

[09:20] {strider} dino:)

[09:20] {ese} mornin dino.....vad whats on your radar?

[09:20] {ese} ST

[09:20] {strider} ese

[09:20] {strider} I see DRYS has bought two new ships.

[09:20] {dino} healthpoint, mkt conditions? lol

[09:21] {ese} oil drilling ships

[09:21] {Threei} dino :)

[09:21] {Threei} keeping an eye on FITB, ese

[09:22] {ese} tks......same here

[09:22] {strider} also, re: shipping: http://www.nytimes.com/2009/11/12/business/global/12shipping.html?_r=1

[09:27] {ese} interesting article st

[09:29] {strider} I thought the Baltic dry index showed shipping was UP, not down. What don't I understand (a lot)?

[09:29] {magoo} morn

[09:29] {Threei} up a little

[09:29] {Threei} magoo :)

[09:30] {ese} i don't try to understand it st........it's the old trade what you see

[09:30] {ese} thong

[09:31] {Threei} NLST lost its mind again

[09:31] {BillyD} yeah, everyday

[09:31] {strider} ntes

[09:32] {BillyD} watching SZR]

[09:32] {BillyD} SRZ

[09:34] {Threei} HIG

[09:34] {Threei} watching for long into this pullback

[09:34] {Threei} .80 if stays above .70

[09:35] {Threei} and FITB

[09:35] {Threei} .05 if stays above 10

[09:36] {Threei} HIG invalidated but the idea remains, just hunting for better entry

[09:37] {ese} fitb will head dn vad

[09:37] {Threei} .60

[09:37] {strider} short NTES .50

[09:37] {Threei} if holding above .50

[09:37] {fernp} stopped FITB

[09:38] {BillyD} FITB still valid right

[09:38] {Threei} yes

[09:39] {ese} still looking for rimm to get to my no brainer buy point ...$50

[09:39] {strider} stop .ntes .60

[09:39] {Threei} HIG .55 if holding .40

[09:41] {Threei} Preview: Nov Philadelphia Fed Index due out at 10amET

[09:41] {Threei} **consensus expectation: 12.2e v 11.5 prior

[09:41] {Threei} Preview: Q3 US Mortgage Delinquencies due out at 10amET

[09:41] {Threei} **no estimate, prior quarter (Q2) was 9.24% ( highest reading on record)

[09:41] {Threei} Preview: Oct Leading Indicators due out at 10amET

[09:41] {Threei} **consensus expectation: 0.4%e v 1.0% prior (range of analyst estimates from 0.0% to 0.9%

[09:44] {BillyD} bounce mkt

[09:45] {Threei} no worky HIG

[09:45] {strider} stop HIG -.21

[09:45] {ese} not today i don't think billy

[09:46] {BillyD} just a little one for FITB

[09:47] {Les} fas dropping, so short entry for fitb?

[09:47] {nemo} DE short candidate if can't get above .90

[09:48] {cosmo} holi

[09:48] {dino} watch 5's and 0's imo strikes in play

[09:48] {Threei} I wouldn't try to short FITB

[09:48] {ese} imo.....i don't see any direction for fitb

[09:49] {BillyD} FITB holding stroong

[09:49] {ese} me either......technically it's got a really good looking daily chart

[09:49] {fernp} FITB more than a scalp, Vad?

[09:49] {Threei} if onlty market regains some stength, yes

[09:49] {fernp} tks

[09:50] {fernp} Im out here. TY

[09:50] {Threei} welcome

[09:50] {Threei} I'll try for more

[09:50] {ese} agreed

[09:51] {Threei} relative strength is impressive on it

[09:51] {Threei} salmon candidate

[09:52] {Les} and the other banks: BAC up, WFC down?

[09:52] {Les} what gives?

[09:52] {Threei} who knows

[09:53] {BillyD} out FITB here

[09:53] {BillyD} ty

[09:53] {BillyD} 1:1

[09:53] {Threei} sure thing

[09:53] {BillyD} mkt relentless

[09:54] {fernp} I would like to reload FITB. Good moment here, Vad?

[09:54] {Threei} as close to 10 as possible...

[09:55] {Threei} but we have numbers in a few minutes

[09:55] {fernp} ok. small shares...

[09:55] {strider} cover NTES +.61 sm

[09:55] {Threei} (US) Commercial Paper outstanding w/w: +$28.5B v -$76.6B prior; total CP Outstanding: $1.1685T

[09:55] {Threei} - Asset-Backed CP outstanding w/w +14.0B v +$9.1B prior

[09:56] {dino} vrus holds

[09:57] {Threei} Short Setup: RIMM .40 half lot

[09:57] {magoo} numbers in 1 min

[09:57] {fernp} ty

[09:57] {strider} missed it

[09:58] {ese} missed it

[09:58] {Threei} now let's wait for numbers

[09:59] {BillyD} what was stop on RIMM .60

[09:59] {Threei} .50 break long for TIMM, .40 break short - AFTER numbers

[09:59] {Threei} RIMM

[09:59] {Threei} .50 billy

[10:00] {BillyD} ok, wasn't sure so never entered

[10:00] {Threei} US) OCT LEADING INDICATORS: 0.3% V 0.4%E

[10:00] {Threei} NOV PHILADELPHIA FED INDEX: 16.7 V 12.2E

[10:00] {Threei} *(US) Q3 MORTGAGE DELINQUENCIES: 9.64% V 9.24% PRIOR

[10:00] {Threei} mix...

[10:01] {Threei} short side triggered on RIMM and 1:1 in a blink of eye

[10:01] {Les} bac short on .30 trigger?

[10:02] {Threei} yes

[10:02] {Threei} stop above .35 for scalpers, .40 day traders

[10:03] {strider} +.07 for RIMM....too jerky for me this morning.

[10:03] {strider} +.05

[10:05] {Threei} market refuses to sell

[10:06] {Les} jec short 37? http://1.bp.blogspot.com/_RlQDaAoprD0/SwRCWsXYl9I/AAAAAAAABpA/gp8Gke_phB4/s1600/JEC+NOV+18.jpg

[10:06] {fernp} BAC breaking down

[10:07] {Threei} I don't see much significance to 37 right now on JEC

[10:08] {Threei} Long Setup: RIMM .50 break

[10:09] {Threei} if holding .40 of course

[10:09] {Threei} let's make it asgreesive

[10:09] {Threei} .45 break

[10:10] {Threei} half out

[10:10] {magoo} missed it dammit

[10:10] {nemo} me too

[10:14] {BillyD} VAD, HIG at .40 maybe but mkt needs to move it

[10:14] {Threei} second half stopped RIMM

[10:14] {Threei} I like it billy

[10:14] {BillyD} .30 stop

[10:15] {Threei} and invalidation, yes

[10:15] {fernp} out BAC

[10:15] {Threei} alternatively, if market starts ypticking and HIG delays, you can use it as aggressive entry

[10:16] {Threei} wtg fern

[10:16] {Threei} nice breakdown

[10:16] {magoo} NLST nuts

[10:16] {fernp} was your call and Les spot TY to you

[10:16] {strider} I'm out BAC also, only got +.05

[10:16] {strider} long candle scared me.

[10:16] {Threei} US) Treasury Sec Geithner: Pace of US job losses has been lessening -testimony

[10:16] {Threei} idiot

[10:17] {strider} FITB inverse c&h

[10:18] {BillyD} I find myself hesitant right now on any stock, no direction

[10:19] {nemo} .30 key support for HIG

[10:19] {fernp} HIG .40 break w/stop under .30 is the play, no?

[10:19] {Les} amen to that. someone's holding up the train.

[10:19] {Threei} yes

[10:19] {fernp} k

[10:19] {dino} patience nemo, our kill will come

[10:19] {BillyD} well said dino

[10:20] {nemo} plenty...this action been too fast...I missed RIMM when it couldn't hold above 59.40, and then stood aside

[10:20] {patience} i'm sulking because i didn't lock in a decent profit today. Up $200 bucks so far....whine, whine, whine

[10:20] {dino} nemo 5+ hours left, relax

[10:20] {nemo} no problem

[10:20] {nemo} fast action gives me gray hair

[10:21] {Threei} IMO, bounce is coming

[10:21] {dino} kids give me gray

[10:21] {nemo} Chardonnay patience?

[10:22] {nemo} please don't tell me White Zin

[10:22] {Les} wfc? with bounce behined would help

[10:22] {ese} what are you in patience?

[10:22] {dino} ok, watching jec, cnqr, ady, ctrp, dish, gww

[10:22] {dino} ltd

[10:22] {patience} yamana gold

[10:23] {ese} ahhh

[10:23] {Threei} WFC, HIG, yes

[10:24] {strider} fas looking good

[10:24] {strider} long .40

[10:26] {magoo} l NLST .80

[10:26] {magoo} thinking over 6

[10:26] {dino} shaw holds well

[10:28] {magoo} stop it .59

[10:29] {Threei} this is one scary headline on CNN:

[10:29] {Threei} Women are confused and angry

[10:29] {Threei} I fewel more intimidated than by whole financial crisis

[10:30] {magoo} no kidding

[10:30] {nemo} oh...they must be talking only to married ones

[10:30] {Threei} Edmunds.com November survey estimates new auto sales -15% m/m

[10:30] {Threei} - "November is living up to its reputation for being one of the worst months of the year for car sales, so everyone is hopeful that Thanksgiving weekend will boost the numbers," commented Edmunds.com Senior Analyst Jessica Caldwell

[10:30] {magoo} who the hex goes out on thanxgiving and buys a car?

[10:31] {Threei} lol

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 250M shares, about 11% below its three-month average; decliners lead advancers by 17.8:1.

[10:31] {Threei} - NASDAQ volume 550M shares, about even to its three-month average; decliners lead advancers by 6.5:1.

[10:31] {Threei} - VIX index +10.5% to just under 24.00

[10:31] {Threei} this may kill the market if taken seriously:

[10:31] {Threei} IMF: Will not launch special study on SDR's replacing USD as reserve currency

[10:32] {Threei} - USD to remain key resere currency for many years/decades

[10:32] {Threei} - USD safe haven status sign of its strong demand

[10:32] {dino} lol magoo 2 years ago i ded

[10:32] {dino} did

[10:32] {Threei} careful with longs huys

[10:33] {Threei} let's trail HIG to under .35

[10:33] {BillyD} my exact thought

[10:33] {Threei} I don't think many take this jawboning seriously

[10:34] {Threei} but if they do for a change, USAD will jump

[10:34] {Threei} and market will tank

[10:34] {dino} it's a fool me once thing 3i

[10:35] {Threei} well, with USD being sold down as it is, not much needed to prop the bounce

[10:36] {strider} fas spike

[10:36] {Threei} move your butt HIG

[10:36] {BillyD} 1:1 or partial Vad on HIG

[10:37] {Threei} I am tron about it

[10:37] {Threei} torn

[10:37] {nemo} ol movie

[10:37] {nemo} old

[10:37] {BillyD} not much folow thru confidence so far

[10:37] {Threei} nothing but scalps worked today so far

[10:37] {magoo} freaking last week only scalps

[10:37] {dino} slxp

[10:38] {Threei} so be thankful we know how to scalp - beause this is the ONLY thing that works in such market

[10:38] {dino} fwlt hl l .52, stop .23

[10:38] {Threei} what do those who don't scalp do?

[10:38] {Les} fas looking ready to b/d

[10:38] {magoo} well, the buy and holders made a killing

[10:39] {Threei} not in the last month

[10:39] {Threei} or couple weeks

[10:39] {Threei} and don't forget, first they got killed

[10:39] {dino} slxp? up on secondary?

[10:39] {Threei} how many buy and holders entered their buys in March?

[10:39] {magoo} true, probably not even yet

[10:40] {Threei} this is the only thing I see on it dino

[10:40] {magoo} l rimm .30 btw

[10:41] {Threei} this is main problem with buy and hold... it looks nice during upward phase, but works only if your timing concides with market scles - yet the mantra for buy-and-hold is, do not try to time the market

[10:42] {Les} i've got motley fool promising everything but a new car if i sign back up

[10:42] {Les} I think mum and dad investors get it

[10:42] {Les} about buy and hold

[10:42] {magoo} hold out fr the vehicle

[10:42] {Les} :D

[10:43] {nemo} you're overestimating common sense les

[10:43] {dino} same vad

[10:44] {fernp} FITB was strong? :-)

[10:44] {dino} hl l shaw .10, stop .83

[10:44] {Threei} wasn't it?

[10:44] {strider} HIG pu...lees

[10:44] {magoo} still like NLST...just keep the stop

[10:45] {magoo} takes 6 prob goes like 6.17-.27 area

[10:45] {magoo} lil mkt help

[10:47] {strider} hig -.07

[10:47] {magoo} i hate HIG

[10:47] {magoo} said it before

[10:47] {ese} if your more of a long person like me....best to just sit back and watch the scenery go by......let everyone else participate in the desvastation

[10:47] {strider} I'm getting on your boat, magoo

[10:47] {fernp} HIG what are you doing, man???? out

[10:47] {magoo} seems we lose lot more than win on it

[10:48] {magoo} plus, its a stupid donkey

[10:48] {Threei} you hate HIG, fern hates RIMM... if I incorporate all your passions, I'll run out of stocks to call

[10:48] {ese} aptly described

[10:48] {strider} There's always GE :)

[10:48] {Threei} very not true mags

[10:48] {magoo} i know, plus i like rimm , so what can u do

[10:48] {Threei} HIG worked for us for weeks like a faithful slave

[10:48] {dino} i hate appl

[10:48] {fernp} focus on AGAM, Vad

[10:49] {Threei} lol

[10:49] {nemo} was always great once it penetrated resistance

[10:50] {Les} jec now?

[10:51] {Threei} I don't have any setup on it

[10:52] {strider} nlst short at .70 break?

[10:52] {BillyD} not shortable

[10:52] {BillyD} Laser

[10:52] {strider} thx

[10:53] {fernp} FITB double bottom, Vad?

[10:53] {Threei} not really

[10:55] {ilana} RIMM .40 break?

[10:56] {Threei} only if market starts gaining strength... which so far is not the case

[10:56] {Threei} and doesn't look probable nearest time

[10:59] {Threei} Short Setup: GLD .05

[10:59] {Threei} stop above .15 for scaslpers, .20 for day traders

[11:00] {Threei} this is interesting:

[11:00] {Threei} US) Treasury Sec Geithner: Reiterates opinion that he is against re-instating Glass-Stegal Act

[11:00] {Threei} I'd like to hear the reasoning

[11:01] {nemo} stopped

[11:01] {fernp} stopped

[11:03] {BillyD} SOLF keeps heading north

[11:04] {Threei} I hate GLD

[11:04] {magoo} i hate trading

[11:04] {Threei} BXMNF is probably the only stock I'll have remaining to call

[11:05] {Les} MA breaking out

[11:05] {BillyD} RIMM off 58 with some consolidation

[11:06] {dino} lol rep burgess to geithner, "i don't think you should quit, you shouldn't have been hired"

[11:07] {magoo} nlst stopped

[11:09] {Threei} 1:1 GLD

[11:10] {fernp} cruel

[11:10] {nemo} very

[11:10] {strider} partial GLD +.09

[11:11] {Threei} I agree with Burgess

[11:11] {dino} v going to join ma?

[11:11] {Threei} but I really want to know what was so wrong with Glass-Steagal

[11:13] {strider} out balance GLD +.10

[11:16] {dino} ctrp hl l .98

[11:22] {magoo} .

[11:22] {BillyD} ssshhh....I am trying to find a setup out of the 20K potential stocks

[11:23] {BillyD} amazing how it can see m difficult ayt times

[11:23] {dino} 3i in answer to your question....too much glass

[11:23] {Threei} and not enough steagal?

[11:24] {dino} has to do w/thev old glass houses and name calling

[11:25] {fernp} YGE valid dbi, Vad?

[11:26] {Threei} a bit too narrow...

[11:26] {dino} ctrp stop is .66 fwiw

[11:26] {fernp} ok tjhanks

[11:29] {BillyD} Vad, I know your feelings on SOLF, but nice chart

[11:30] {Threei} I just don't have a read on it

[11:31] {Threei} this slow grind is not something I can grasp

[11:31] {fernp} WMT, Vad

[11:31] {BillyD} torture

[11:31] {fernp} C&H

[11:31] {Threei} WMT looks potentially explosive

[11:31] {Threei} .15 would be a long trigger

[11:32] {fernp} C&H against the market

[11:32] {fernp} ok. thanks

[11:36] {dino} ctrp stopped -.34

[11:37] {Threei} I would feel more comfortable with shorting SOLF at .95 breakdown than with long

[11:37] {Threei} if stays under 7 of course

[11:37] {BillyD} Vad, do you call GLD on its own merit or opposite of some other mkt component

[11:37] {BillyD} makes sense SOLF

[11:38] {Threei} on it's own and with market

[11:38] {Threei} why opposite

[11:38] {BillyD} wasn't sure....it is GOLd stock right?

[11:38] {Threei} market was selling dow, dollar was upticking

[11:38] {Threei} it's gold ETF

[11:38] {nemo} gld

[11:38] {nemo} sorry

[11:39] {BillyD} does GLD follow the mkt normally

[11:39] {dino} ctrp may want that oct gap 66.20s

[11:39] {nemo} been following $ lately

[11:39] {Threei} lately yes, as long as they both act inversely to USD

[11:39] {nemo} yes

[11:39] {BillyD} ok

[11:41] {strider} gme

[11:41] {BillyD} OPTT

[11:41] {Threei} OPTT Hearing firm has won 50MW order from EDF unit (10.18, +0.54, 5.60%)

[11:41] {Threei} this is momo candidate

[11:42] {Threei} OPTT Hearing firm has won 50MW order from EDF unit in Spain

[11:42] {Threei} - Speculation that the deal is worth $70-80M to OPTT, which would make it the largest order ever. (10.18, +0.54, 5.60%)

[11:42] {Threei} OPTT knows how to run

[11:42] {Threei} 11 easy

[11:42] {nemo} might want to keep an eye on ntap, gapped up and has maintained strength

[11:43] {BillyD} yes, buy and pray at this point but I can not do it

[11:44] {Threei} mags??

[11:44] {Threei} 11

[11:44] {magoo} sigh

[11:44] {fernp} .15 or .10 break WMT, Vad?

[11:45] {Threei} .15 fern, two days and annual high break

[11:45] {fernp} ty

[11:52] {Threei} Among the smartest and most promising not to mention controversial proposals is "climate debt," the idea that rich countries should pay reparations to poor countries for the climate crisis.

[11:52] {Threei} yup, let's do it

[11:52] {nemo} who the hell came up with that?

[11:52] {strider} why not. You start, vad.

[11:53] {Threei} I did strider

[11:53] {strider} :)

[11:53] {Threei} I sold my OPTT at .83, and not at 11,

[11:53] {Threei} which is 17 cents sacrifice to poor countries

[11:53] {strider} bidding OPPT at.26

[11:54] {Threei} oh and to answer nemo's question Naomi Klein

[11:54] {strider} not likely to get hit.

[11:54] {Threei} AIG Reportedly Senator Bachus (R) has requested hearings on AIG bailout

[11:54] {strider} WMT consolidating

[11:55] {BillyD} Vad, where was your OPTT entry

[11:55] {Threei} .20

[11:55] {Threei} right after I posted news

[11:55] {BillyD} nice one

[11:55] {Threei} I keep an eye on this thing for a long time

[11:56] {BillyD} it's a runner

[11:56] {Threei} it has a history of enormous runs

[11:56] {nemo} I missed that in the reboot. where at 9.20?

[11:56] {BillyD} enter on momo feel

[11:56] {Threei} and gets more and more big orders

[11:56] {Threei} I wish nemo... 10.20

[11:57] {Threei} hot field, and OPTT has it all to itself it seems

[11:57] {magoo} u out?

[11:57] {Threei} [11:53] {Threei} I sold my OPTT at .83

[11:57] {BillyD} was your stop at 10 or.90

[11:57] {Threei} under 10

[11:57] {Threei} but if I got stopped I'd be looking for reentry

[11:58] {Threei} this stock has a few waves of momo usually

[11:58] {magoo} think it haas more coming? only game in town today so far

[11:58] {ese} l fitb .07

[11:58] {Threei} treat it like usual momos mags...

[11:58] {Threei} see if we get big enough drop

[11:59] {Threei} and beware breakouts

[11:59] {Threei} ese... today I hate FITB

[12:00] {Threei} new terminology comes in play

[12:00] {Threei} climate debt and climate reparations

[12:00] {fernp} if triggers WMT what is the stop? under 54?

[12:00] {Threei} yes

[12:00] {fernp} ty

[12:01] {Threei} and with any market help it should be much more than scalp

[12:01] {ese} ya am starting to think that

[12:02] {nemo} rim .40 break...important level

[12:02] {Threei} an advocate for Maasai tribespeople in Kenya who have lost at least 5 million cattle to drought in recent years, puts it in even sharper terms. "The Maasai community does not drive 4x4s or fly off on holidays in airplanes," she says. "We have not caused climate change, yet we are the ones suffering. This is an injustice and should be stopped right now."

[12:02] {Threei} why oh why did I ever learn how to read

[12:02] {nemo} fine when we nuke the killer asteroid, they can owe us for eternity

[12:03] {Threei} let me post the most relecant news for today:

[12:03] {Threei} relevant

[12:03] {Threei} *(TU) TURKEY CENTRAL BANK CUTS BASE RATE BY 25BPS TO 6.50%; AS EXPECTED

[12:03] {dino} perhaps they should did a well or two

[12:03] {Threei} no dino, they think we should dig those for them

[12:04] {Threei} 'cause we owe them, you know

[12:04] {dino} that's the problem

[12:04] {dino} it's not my fault

[12:04] {Threei} my philosphical thought for the day:

[12:05] {Threei} Feel of guilt is major warfare of the left

[12:05] {dino} exactly

[12:05] {dino} hey, i found out who john galt is

[12:05] {Threei} hehe

[12:06] {Threei} took just about what, 1200 pages?

[12:06] {ese} out fitb .04 =.03

[12:06] {dino} 700 or so

[12:06] {Threei} wanna make you a bet dino

[12:06] {dino} still have 400 to go, just order the other book

[12:06] {Threei} while it's a pageturner during reading,

[12:07] {Threei} in a month or two you will still have a lot of appreciation for the message but will cool off abolut literary side

[12:07] {Threei} as in writing quality

[12:07] {dino} perhaps, but i have to say it fits our times, can see it happening

[12:08] {Threei} that's the message part :)_

[12:08] {Threei} it was even more striking when I read it, as it had one-two punch

[12:08] {Threei} first I saw total reflection of everything that killed USSR

[12:08] {dino} you lived it

[12:08] {Threei} and then I saw the same thing starting to develop here

[12:09] {Threei} both similarities are so striking

[12:09] {dino} unfortunately

[12:09] {Threei} a lot of slogans and mottos and common expressions she uses in the book are almost word in word what we heard in USSR

[12:10] {dino} when was it written?

[12:10] {dino} 50s?

[12:10] {Threei} 1967

[12:10] {Threei} first publishing

[12:10] {dino} ok

[12:11] {Threei} was written for a while of course, but here is the kicker that continues to amaze me by its incredinble and bitter irony:

[12:11] {Threei} Alan Greenspan was one of the closest circle people at the time of its wqriting, and was getting each new chapter as it was finished

[12:12] {dino} wow, he learned nothing from it

[12:12] {fernp} .

[12:13] {Threei} Ayn with her "gold is the only money", and her first student Alan later praised as "who needs gold when you have Greenspan"

[12:13] {dino} shaw stopped -.27

[12:13] {Threei} and whole interventionist policies

[12:13] {Threei} that she would kill him for

[12:14] {dino} guilt pressure

[12:16] {Threei} after .20 break WMT stop can be trailed

[12:16] {BillyD} to .10?

[12:16] {Threei} to under .05 or .10, your choice... depends on your (im)patience

[12:16] {BillyD} lol

[12:17] {Threei} here is a total beauty:

[12:17] {Threei} Two years ago, Ecuador's center-left president, Rafael Correa, said something very rare for the leader of an oil-exporting nation: He wanted to leave the oil in the ground. But, he argued, wealthy countries should pay Ecuador where half the population lives in poverty not to release that carbon into the atmosphere, as "compensation for the damages caused by the out-of-proportion amount of historical and current emissions of greenhouse gases."

[12:17] {Threei} think about it: he wants to get paid not for oil but just for having it,

[12:17] {Threei} so he will have money and keep his oil

[12:18] {patience} must be a lawyer

[12:18] {Threei} so, do you think this caused major laughter in the world?

[12:19] {Threei} think again:

[12:19] {nemo} I'm sure western europe was all for it

[12:19] {Threei} the plan has generated widespread international support. Germany has already offered $70 million a year for 13 years, and several other European governments have expressed interest in participating. If Yasun is saved, it will demonstrate that climate debt isn't just a disguised ploy for more aid it's a far more credible solution to the climate crisis than the ones we have now. "This initiative needs to succeed," says Atossa Soltani, executive director of Amazon Watch. "I think we can set a model for other countries."

[12:19] {dino} well whats the difference from the guy who doesn't want to work but gets health, housing, food stamps etc

[12:19] {fernp} .

[12:20] {nemo} It's like NKorea threatening with a nuclear weapon...it's frickin CO2 blackmail

[12:20] {dino} and yet, temps are dropping...

[12:21] {nemo} Ya' know...2012 is sounding better all the time...wipe the idiots out, and start again

[12:21] {BillyD} what to say

[12:21] {Threei} is it going to be intellect-based selection?

[12:21] {dino} just worried that "rush" might be right w.2112

[12:21] {Threei} well, no difference for me anyway, I won't survive it anyway

[12:22] {nemo} that was based on Rand's "Anthem"

[12:22] {dino} wow, did not know

[12:22] {nemo} Absolutely...Neil Peart is a Randian

[12:23] {nemo} Back in the days of vinyl, on the dust jacket, it said "Dedicated to the genius of Ayn Rand"

[12:24] {dino} cool

[12:25] {dino} shaw takes me out by 2 cents

[12:26] {nemo} http://en.wikipedia.org/wiki/Neil_Peart go to "Career before joining Rush"

[12:27] {patience} gold stocks perking up

[12:29] {nemo} look at fcx patience

[12:31] {patience} similar to yri which has had some better peaks and valleys to scalp

[12:33] {Threei} so far, bull flag formed on WMT

[12:33] {Threei} volume went down as it should

[12:33] {Threei} need to start completing it now for the trade to develop successfully

[12:38] {magoo} AWIAV?

[12:39] {Threei} WMT

[12:39] {Threei} and this spike is exactly what I want to see as completion of bull flag, just need a new high now

[12:42] {fernp} having problems with my connection. Connecting and disconnecting continuously

[12:42] {Threei} I noticed fern

[12:42] {Threei} quotes OK?

[12:42] {fernp} yes

[12:42] {Threei} well, this is funny

[12:42] {Threei} you have fine connection with server in NA

[12:43] {Threei} but week one with server in Europe

[12:43] {fernp} yes. I use a different internet provider for my laptop (RT room) and for my PC (Laser)

[12:44] {Threei} new high WMT

[12:44] {Threei} trail stop

[12:44] {fernp} .05 is correct?

[12:44] {strider} yesterday's high & close, .25

[12:45] {Threei} [12:16] {Threei} to under .05 or .10, your choice... depends on your (im)patience

[12:45] {fernp} lol ok

[12:49] {fernp} no strider, yest's high was .15 that was the reason we opened the trade at .16

[12:49] {Les} WIAV?

[12:50] {Les} thats not a ticker

[12:50] {fernp} in WMT, Les

[12:50] {strider} we're both wrong....that was an aftermarket hight yesterday.

[12:51] {fernp} ahh!, ok

[12:51] {Les} ty. entry point, stop?

[12:52] {fernp} .16 long w/stop under 54

[12:54] {Threei} stop is trailed already

[12:59] {Les} ty. JEC was magnificent short setup while taxiing daughter to violin lesson:(

[13:01] {Threei} stop to under .10 for sure now

[13:01] {Threei} just 4 cents to 1:1

[13:01] {Les} ty. will take my leave there as well for a quick buck

[13:01] {nemo} question becomes, do you get their before the bear flags on the indices let go

[13:02] {magoo} so in another 2 hours vad

[13:02] {Threei} lol

[13:02] {Threei} could be, this is not a fast one lately

[13:02] {Threei} used to be much perkier

[13:03] {Les} v failed to follow MA Vad. Any play (bounce or short) in that?

[13:03] {BillyD} LMDIA

[13:04] {magoo} look my donker is out?

[13:04] {Threei} not sure I underatadn Les... their charts are fairly similar, no?

[13:04] {strider} magoo, too much information!

[13:05] {magoo} LMDIA

[13:05] {Threei} rofl

[13:05] {magoo} although A no work

[13:05] {magoo} i thought it was like AWIAV

[13:06] {magoo} OPTT vad?

[13:06] {Threei} I doubt it mags

[13:06] {Threei} lost momo

[13:06] {Les} lol. V is close to breaking support

[13:07] {Threei} so is MA

[13:07] {strider} DKS holding support at 22.60, fwiw

[13:10] {dino} ctrp in 66s, going for strike

[13:10] {dino} opps not strioke, gap

[13:11] {Les} ok. so V isn't weaker of the two? http://up.widget.mibbit.com/up/tjAvZXyv.gif

[13:11] {BillyD} days like today make me hesitant on taking trades

[13:12] {dino} ditto

[13:12] {dino} heck we're stuck in a 3 pt s/p range for hours

[13:12] {BillyD} crazy

[13:13] {magoo} and at 2 pm the sell from hell comith

[13:13] {nemo} mags...you in advertising?

[13:13] {Threei} I don't see any significant difference

[13:13] {Les} k

[13:18] {Les} vad, you got a read on JEC? bout to b/d again?

[13:19] {Threei} ratjer looks bouncy to me

[13:19] {Threei} but not bouncy enough for me to go for it

[13:22] {dino} ppd

[13:24] {Threei} see? bouncy

[13:24] {BillyD} watching your favorite magoo HIG for possible short off 25

[13:26] {dino} ppd sm l .00

[13:27] {magoo} ty dino shorted 37...0ut 35.47

[13:27] {dino} stopped -.30

[13:27] {magoo} im done with that forever

[13:28] {BillyD} nice trade mags

[13:28] {magoo} shoulda let it rot more

[13:29] {ese} was cut off and didn't even realise it

[13:30] {magoo} ok now was l 33.3

[13:30] {magoo} out 34.40

[13:30] {magoo} cant post these all feel and fast

[13:30] {strider} [13:27] {magoo} im done with that forever

[13:30] {strider} :)

[13:30] {dino} that reminds me es, in a bar the bartender asked if i wanted another drink, i responded, "why wouldn't i"

[13:32] {dino} 34 sm l ppd

[13:32] {ese} good response

[13:32] {fernp} please Vad add WMT to the list of hated ones

[13:32] {dino} silly question

[13:33] {ese} l fitb .02 givving it the god ole college try

[13:33] {ese} good

[13:33] {magoo} onlty game in tow

[13:33] {dino} forgot the n

[13:33] {ese} definitely

[13:34] {ese} tow is good

[13:37] {BillyD} ppd not for the faint of heart

[13:38] {ese} fitb you sloth.......look at the compx for cryin out loud

[13:39] {Threei} it's just a very unclear story on a very volatile stock, billy

[13:39] {magoo} {BillyD} ppd not for the fa

[13:39] {ese} auch du miya!!!!

[13:39] {dino} ppd=piss poor'd

[13:39] {Threei} Pre-Paid Legal Services Inc Received FTC draft complain on Nov 18; outcome not yet determinable

[13:39] {Threei} - November 18, 2009, we received a proposed draft complaint from the Federal Trade Commission ("FTC") seeking permanent injunctive relief, disgorgement of proceeds and other relief, including costs, relating to our Identity Theft Shield and Affirmative Defense Response System ("ADRS") Program. The proposed draft complaint alleges our ADRS program and related materials violate Section 5(a) of the FTC Act regarding asserted misleading representations, express or implied.

[13:39] {Threei} - The proposed draft complaint also names Harland Stonecipher, our Chief Executive Officer, and Mark Brown, our Chief Marketing Officer, as defendants. We previously received a Civil Investigative Demand from the FTC on March 23, 2007 on the ADRS program. We have made voluntary revisions to the marketing materials originally provided to the FTC in 2007 and 2009. The FTC may decide to commence federal court proceedings with this proposed draft complaint.

[13:39] {Threei} - The ultimate outcome of the matter is not determinable but we will vigorously defend our interests in this matter.

[13:40] {nemo} is that like Louis Cipher

[13:40] {BillyD} the volatility enough for me to stay away

[13:44] {magoo} only game in town

[13:45] {Threei} WMT

[13:45] {Threei} 1:1 and over

[13:46] {fernp} ty very much

[13:46] {magoo} CSIQ vad

[13:47] {fernp} this trade put me to positive territory. barely, but in green

[13:48] {nemo} I'm still red

[13:49] {Threei} better than poke in the eye

[13:49] {Threei} mags

[13:49] {nemo} options ex week...yahoo

[13:49] {Threei} ready for this?

[13:49] {Threei} I HATE CSIQ

[13:49] {magoo} me too:)

[13:49] {Threei} my personal record on it is beynd pathetic

[13:49] {magoo} i hate trading in general

[13:49] {Threei} lol

[13:51] {strider} FAS nice c&h (handle still forming)

[13:52] {nemo} cat c7h .33

[13:53] {nemo} c&h

[13:53] {ese} fitb YYYYUUUUUUUU sloth!

[13:54] {strider} FITB, listen to me! ese wants his money, and he wants it fast!

[13:55] {Threei} nemo, you haven't taken WMT?

[13:55] {nemo} no

[13:55] {dino} ctrp filled that gap

[13:55] {nemo} you were talking about that during my computer problems

[13:55] {Threei} sniff sniff.. no gaith in me whatsoever

[13:56] {Threei} oh I see

[13:56] {ese} right then Out fitb 20k of it .05 +.03 will hang on to the the other 5k till the end of the day......see you all have choir to teach

[13:56] {nemo} by the time I logged on again, beyond discussion

[13:56] {Threei} got it

[13:56] {nemo} I saw, stop trailing and went..oh

[13:56] {ese} take care

[13:56] {dino} esi hitting support

[13:57] {BillyD} Vad, after buying breakout talk at lunchtime you gave nemo, he probably kicked PC at the time of your mention

[13:57] {fernp} bye ese

[13:57] {Threei} take care ese

[13:57] {BillyD} a subconcious move to prevent him from buying

[13:58] {Threei} well, I told him many times: physical violence is not very satisfying when aimed at lifeless objects

[13:58] {Les} ciao ese.

[13:59] {Les} vad, JEC breakdown?

[13:59] {BillyD} yeah, and I guess trout slapping doesn't cut it either

[13:59] {Threei} les, kidding?

[13:59] {Les} and if I say I wasn't?

[14:00] {Threei} there is no slightest sign of breakdown setup on it

[14:00] {Threei} it moved about 30 cents since I called it "bouncy" for which term I was remprimaned in dcc by some english professors

[14:00] {Les} what? gonna take out previous high?

[14:00] {Les} .60+?

[14:00] {Threei} don't know about highs, but there is not much readability to it

[14:01] {nemo} it looks just like the indexes

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 600M shares, about 15% below its three-month average; decliners lead advancers by 12.6:1.

[14:02] {Threei} - NASDAQ volume 1.42B shares, about 2% below its three-month average; decliners lead advancers by 5.1:1.

[14:02] {Threei} - VIX index +9% to just under 24.00

[14:03] {Les} http://up.widget.mibbit.com/up/2T4EurQ6.gif

[14:03] {Les} does it constitute your preferred breakout pattern?

[14:04] {Les} if the stock and market conditions were different?

[14:05] {Les} I remember trying to short a similar setup a long time ago, for which you berated me.

[14:06] {Les} wfc breakdown

[14:07] {Threei} volume is not exactly right on this screenshot, les

[14:07] {Les} thou art correct. volume are estimates

[14:07] {Threei} went down as price approached the resistance

[14:08] {Threei} and don't pay much attention to berating, I do that just to maintain uniformity of experience

[14:09] {Threei} you know... for people to have their expectations justified

[14:09] {Threei} predictable outcome

[14:10] {Les} what r u, shrink on the side?

[14:11] {Les} I have pulled up IB chart on JEC. will ditch freestockcharts at close. IB charts much better. Nemo was right

[14:12] {Threei} I am not a shrink, I just enjoy delivering pain and suffering

[14:12] {nemo} twice a day usually

[14:12] {Threei} by lucky conincidence, it's also the most effectibe teaching method

[14:13] {Threei} so I pretend I do it for the members' good

[14:13] {Threei} while in fact I simply enjoy it

[14:14] {Les} :s

[14:14] {Les} I see option in IB charts for combined contracts. this means overlay chart of multiple stocks?

[14:15] {fernp} FAS inverted c&h

[14:15] {magoo} STP vad

[14:16] {Threei} STP JPMorgan Raised STP to Overweight from Neutral

[14:16] {Threei} bog deal

[14:18] {magoo} NLST at it

[14:19] {strider} WMT still trying

[14:19] {nemo} amzn .75 break?

[14:20] {strider} which way?

[14:20] {nemo} nope broke support

[14:20] {fernp} JPM breaking down

[14:20] {nemo} jpm

[14:20] {strider} FAS spinking

[14:20] {strider} spiking also.

[14:21] {nemo} nice strider

[14:21] {nemo} gotta' come up w a definition

[14:21] {strider} spinking: spiking with a cold

[14:22] {strider} what's the short version of FAS?

[14:22] {nemo} faz

[14:22] {strider} thx

[14:22] {Threei} who thinks you guys got it bad here, watch this:

[14:22] {Threei} http://www.youtube.com/watch?v=UUf2OhhWiWU

[14:22] {Les} spinking: an effeminate spike?

[14:22] {strider} whoa...market. wait for me.

[14:22] {strider} WMT

[14:23] {nemo} fcx going for flat

[14:24] {strider} out 1.2 WMT +.21

[14:24] {strider} 1/2

[14:24] {Threei} wtg strider

[14:24] {fernp} gj strider

[14:25] {dino} gj

[14:25] {strider} t'anks

[14:25] {fernp} I still have some shares from 53.08. I think im gonna hold overnight

[14:27] {Threei} you can't fern

[14:27] {Threei} [13:32] {fernp} please Vad add WMT to the list of hated ones

[14:28] {fernp} yes I am so volatil...

[14:28] {Threei} tod ysa it was more than scalp

[14:28] {Threei} but nooo... no one believed me...

[14:29] {fernp} true.

06[14:29] * Threei prepares ground for going to monastery

[14:29] {nemo} why was it more than scalp...I missed it

[14:29] {fernp} you sold 1:1 Vad

06[14:29] * Threei prepares ground for going to monastery in Tibet

[14:29] {fernp} ?

[14:29] {Threei} half

[14:30] {nemo} Well, if you knew it was more than 1:1, why'd you sell half?

[14:30] {nemo} this is gonna' hurt

06[14:30] * Threei prepares ground for going to mountain monastery in Tibet with caves in order to gaze at his navel for 7 years

[14:30] {fernp} mechanical procedure

[14:31] {Threei} because there is no such thing as "know" in stock market, and there is a risk control procedure

[14:31] {Threei} i I thought it was a scalp I would sell it all

[14:31] {nemo} anyway...ahhhh...nevermind I'll read it in the log

[14:31] {strider} Vad, where's your stop for WMT now?

[14:32] {Threei} b/e

[14:32] {strider} t'anks

[14:32] {strider} heck. with WMT we dpm

[14:32] {strider} don't need no stinkin stops.

[14:32] {nemo} what's "dpm"?

[14:33] {strider} don't

[14:33] {strider} buggared it up

[14:33] {dino} tsl

[14:33] {fernp} nemo, read the log and see who found this marvelous play lol

[14:36] {strider} amzn c&h

06[14:37] * Threei checks out male/female ratio before picking mountain monastery in Tibet with caves in order to gaze at his navel for 7 years

[14:38] {ilana} go with classic one - 1:1

[14:38] {Threei} naaah

[14:38] {Threei} not inspired

[14:39] {Les} http://up.widget.mibbit.com/up/zUuNedVC.gif

[14:39] {Les} found t&s on IB

[14:40] {Threei} mazel tov

[14:40] {Les} I need that?

[14:40] {nemo} you found it yesterday

[14:40] {nemo} yeah, read order flow

[14:40] {Les} no, i showed the one on the left yesterday. "booktrader"

[14:41] {Les} booktrader much easier to read than t&s...

[14:43] {strider} +.15 amzn

06[14:43] * Threei slaps strider around a bit with a large roll of cash

[14:43] {strider} .90-.05 long

[14:43] {strider} small roll of cash, please.

[14:43] {strider} thank you sir. May I have more?

[14:43] {Threei} I don't have script for that

[14:45] {Les} stp?

[14:46] {Threei} not sure about STP

[14:50] {dino} ctrp hl l .65

[14:53] {fernp} I know we hate it, but FITB is on highs again

[14:57] {nemo} gotta' go...tomorrow op ex...that's been pretty dead, hasnt it?

[14:58] {Threei} take care nemo

[14:58] {fernp} bye nemo

[14:58] {Les} cia

[14:58] {Les} ciao

[14:58] {Threei} JC Penney Company Inc (Holding Co) Announces Black Friday plans

[14:58] {Threei} - today announced its biggest Black Friday sale ever. With an array of irresistible Black Friday specials an increase of 15 percent over last year customers will find a broad array of stylish, high-quality merchandise at the Companys most affordable prices, making JCPenney the shopping destination for customers this Black Friday.

[14:58] {Threei} - JCPenney will once again promote its stores 4 a.m. opening with Turkey Tailgate, a television spot that features shoppers tailgating with their Thanksgiving turkey leftovers in a JCPenney parking lot as they anxiously await for the store to open

[14:58] {Les} stp b/d

[14:59] {BillyD} some rah rah

[15:00] {Les} stp?

[15:01] {Les} gotta be a short in there somewhere

[15:04] {Threei} there was Les,

[15:04] {Threei} look at the little consolidation ritht above .30

[15:05] {Threei} breakdown of it was a valid setup

[15:05] {Threei} with .40 resistance for stop placement

[15:05] {fernp} enough for today, have a good evening everybody. see you all tomorrow

[15:06] {Threei} take care fern, good defensive job

[15:06] {Les} ciao fern.

[15:06] {fernp} ty

[15:06] {Les} you mean tiny ascending wedge at 14:55?

[15:06] {Threei} yes, literally 3 minutes

[15:07] {Threei} wait

[15:07] {Threei} let me check eact times

[15:07] {Les} that broked down just before 3pm

[15:07] {Threei} yes

[15:08] {Les} ok. I need to modify chart image in order to see such minute movements.

[15:09] {Les} what time period do you follow on your charts. full day or less, say 15 mins?

[15:09] {Threei} full day,

[15:09] {Threei} but in Laser you can easily scale the chart with one button

[15:09] {Threei} to zoom in

[15:09] {BillyD} how Vad

[15:09] {Threei} so if you want to see small formation better, you zoom in.. to see full day again, zoom out

[15:10] {Threei} click on chart villy,

[15:10] {Les} ok. so when probability for setup looks good I need to blow up chart to full screen

[15:10] {Threei} then find two buttons under word Global

[15:10] {Threei} no

[15:10] {Threei} Route

[15:10] {Les} I dont have laser

[15:10] {dino} rino

[15:10] {Les} yet

[15:10] {Threei} arros in and out

[15:11] {BillyD} I click on chart and just minute stats

[15:11] {Threei} find those buttons

[15:11] {Threei} right under Menu

[15:11] {Les} ok. something new learnt. will zoom in from day to 1 hour when setup looks possible

[15:13] {BillyD} ok, chart expand button

[15:13] {BillyD} thx Vad.... a liitle slow here

[15:16] {Threei} ovvering 1.4 more WMT

[15:16] {Threei} 1/4

[15:16] {Threei} 1:2

[15:17] {Threei} hit

[15:17] {Threei} stop to under .30

[15:18] {Threei} lol who would have though, WMT turns into play of the day

[15:18] {BillyD} Vad, I trhink you just saved my eyesight with those two buttons

[15:18] {Threei} lol, so it was worth the price of admission

[15:18] {BillyD} absolutely

[15:19] {Les} you've taught me new skills with the zoom feature vad. descending triangle leading to b/d of MA at 229.5 easily visible. amazing

[15:19] {Threei} wooohooo

06[15:19] * Threei goes home for the next 3 days'

[15:20] {Les} you are home. and I'm going to bed. night all.

[15:20] {Threei} take care Les

[15:32] {dino} ugcucjiutiufv

[15:36] {Threei} you think?

[15:37] {Threei} Market Internals update at 3:30pmET

[15:37] {Threei} - NYSE volume 770M shares, about 15% below its three-month average; decliners lead advancers by 11.2:1.

[15:37] {Threei} - NASDAQ volume 1.79B shares, about 4% below its three-month average; decliners lead advancers by 4.5:1.

[15:37] {Threei} - VIX index +6.5% to just over 23.00

[15:42] {Threei} run little WMT, run

[15:42] {Threei} wel... not so little

[15:43] {BillyD} lol

06[15:43] * strider slaps strider around a bit with a large , too tight stop loss

[15:43] {dino} rally

[15:45] {Threei} 1:3 baby

[15:48] {BillyD} salmon award

[15:48] {Threei} I am happily out +.47

[15:49] {dino} gj

[15:50] {strider} good going, vad.

[15:50] {strider} you da man

06[15:50] * Threei takes a bow

[15:50] {strider} looking at your navel again?

[15:51] {Threei} again?

[15:51] {Threei} always

[15:52] {BillyD} same time tomorrow Vad w/ MSFT right

[15:52] {BillyD} lol

[15:53] {Threei} lol

[15:53] {BillyD} might want to frame WMT trade

[15:53] {dino} fwlt to .70 all day

[15:54] {dino} out .72 reverse slip, +.20

[15:55] {Threei} wtg

[15:56] {dino} ty

[15:56] {Threei} okay guys, thank you all

[15:57] {Threei} have a great evening, see you tomorrow

[15:57] {BillyD} bye

[15:57] {strider} a la manana, vad

[15:57] {ilana} bye

[16:00] {dino} dtv

[16:01] {dino} gn all

[16:01] {Threei} DELL

[16:01] {Threei} miss and getting killed

[16:01] {Threei} DELL Reports Q3 $0.23 v $0.28e, R$12.9B v $13.2Be

Nov 18 2009

Another very slow and boring day. Ended positively thanks to a few successful plays in the morning but the second part of the day was almost empty.

Session Time: Wed Nov 18 00:00:00 2009

[07:41] {nemo} hola fern

[07:45] {nemo} yo dunedin

[07:45] {strider} mawnin' to youse

[08:03] {strider} CDC receives final government approval for Lord of the Rings

[08:03] {strider} CDC Games, a business unit of CDC, announced today it has received final government approvals for The Lord of the Rings: Shadows of Angmar that enables Open Beta Testing to begin later this week with commercial launch to follow one week thereafter. :theflyonthewall.

[08:05] {nemo} how fitting you should bring it up

[08:31] {nemo} what were the inflation numbrs, fcx just tanked

[08:31] {strider} Housing starts down 10.6%

[08:31] {nemo} cpi .3 versus consensus 2

[08:38] {Threei} *(US) OCT CONSUMER PRICE INDEX M/M: 0.3% V 0.2%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E; CPI NSA: 216.1 V 216.069E

[08:38] {Threei} - CPI Y/Y: -0.2% v -0.3%e

[08:38] {Threei} - Core CPI Y/Y: 1.7% v 1.6%e

[08:39] {Threei} *(US) OCT HOUSING STARTS: 529K V 600KE; BUILDING PERMITS: 552K V 580KE

[08:39] {Threei} - Prior Housing Starts revised from 590K to 592K

[08:39] {nemo} covered it already :)

[08:39] {nemo} nice of you to wake up

[08:39] {nemo} :)

[08:39] {Threei} that's me

[08:39] {Threei} not always nice but always waking up

[08:40] {nemo} until it's..................Coma Time!

[08:47] {BillyD} GM all

[08:48] {Threei} Billy :)

[08:58] {fernp} Good morning everybody

[08:58] {Les} just finished watching Lord of the Rings with the kids this afternoon. GM all :)

[08:58] {Threei} fern, les :)

[08:58] {Les} sorry good afternoon

[09:00] {Les} was reflecting as the Cavalry of Rohan arrive to do battle with Mordor at city of Gondor...

[09:00] {Les} tears welling in eyes as King or Rohan delivers stirring speech...

[09:01] {Les} what an age of mediocrity we live in...

[09:01] {nemo} not really...nothing has changed...the vast majority is mediocre...and much that appears not to be is just pomp and circumstance

[09:02] {nemo} plu cest change, plu cest le meme chose

[09:02] {Les} oh how you've deflated my dreams and ego Nemo :(

[09:02] {Les} but you're right, we live in an age of prosperity and relative peace

[09:02] {Les} something to be grateful for

[09:03] {Les} so what are we following at the open?

[09:03] {nemo} What's lost on us of western civilization, how relatively good we have it

[09:03] {nemo} 100 years ago, they didn't have central heating

[09:03] {Les} still Nemo, something festers in the Occident and it's not always good for us

[09:03] {nemo} true

[09:03] {nemo} cycles

[09:04] {cosmo} now we have a virtual library of alexanderia on our desks

[09:04] {Les} and we prefer to watch TV

[09:04] {nemo} When the SHTF, I'm going back to Shambala

[09:04] {Les} where?

[09:04] {nemo} Shangrila

[09:05] {Les} I found a shangrila in Utah, that what you mean?

[09:05] {Les} :)

[09:05] {nemo} no

[09:05] {nemo} Shangri-La

[09:06] {nemo} I'm catching Vad syndrome

[09:09] {Les} Vad, what's on your screen?

[09:09] {Les} besides porn

[09:09] {Threei} usual suspects mostly

[09:10] {Threei} don't see anything outstanding yet

[09:10] {Les} no news to move anything?

[09:10] {cosmo} hmmm...porn not listed...

[09:10] {Les} lol, no one game enough to take that ticker

[09:11] {nemo} adsk down almost 8%

[09:11] {strider} morning everyone........

[09:11] {Les} afternoon strider

[09:12] {strider} not here.....I'm New York time

[09:12] {Les} all is relative

[09:12] {Les} and subjective

[09:12] {cosmo} geologic time here

[09:12] {strider} hmmm..all is relative......so you know I'm from Tennessee.

[09:12] {nemo} space/time here

[09:13] {nemo} what, you go to family reunions to pick up dates?

[09:13] {Les} european bourses sliding somewhat

[09:14] {strider} VVUS CAKE WDC

[09:14] {Threei} strider :)

[09:14] {strider} 3i:)

[09:15] {Threei} 6:30:46 AM

[09:15] {Threei} VIVUS, Inc Phase III study of Avanafil in erectile dysfunction met all primary endpoints across three doses

[09:15] {Threei} - Announced positive results from REVIVE (TA-301), a phase III pivotal study evaluating the safety and efficacy of avanafil, an investigational drug candidate for the treatment of erectile dysfunction (ED), in 646 patients

[09:15] {ese} morning

[09:15] {strider} GENZ--bad news

[09:15] {magoo} morn

[09:15] {nemo} foawrhgWG

[09:15] {Threei} ese, magoo :)

[09:15] {nemo} DUDE

[09:16] {ese} vad mags dude

[09:16] {magoo} dude

[09:16] {ese} whats hot .......

[09:17] {lasertrev} gm all

[09:17] {magoo} hey trev

[09:17] {magoo} dcc

[09:17] {lasertrev} hey magoo

[09:17] {Threei} trev :)

[09:23] {ese} DryShips, Inc To offer up to 22M shares in stock loan to Deutsche Bank to facilitate hedging of Converitble Notes - filing - We have been informed by Deutsche Bank Securities Inc. that it, or its affiliates, intend to use the short position created by the share loan and the short sales of the borrowed shares for purposes reasonably designed to facilitate tran

[09:23] {ese} somebody tell what this means

[09:23] {ese} facilitate hedging of convertabel notes?

[09:24] {nemo} convertible notes can be converted into common share

[09:24] {ese} is this bloody bullish or bearish

[09:24] {nemo} increasing the supply of common shares

[09:24] {nemo} increase supply, potentially decreases value

[09:25] {nemo} therefore, I think the loan of stock for shorting purposes allows them to hedge the value of the stock to protect their note offering

[09:25] {nemo} not necessarily bullish

[09:26] {ese} tks nemo......got that figured....how does it facilitate hedging......helps them hedge against a short position?

[09:28] {nemo} sell the shares against the value of the notes...db is offering the notes so they're on the hook for them. This gives them a supply of stock that can help limit losses on the offering

[09:28] {nemo} eslr did the same thing last year

[09:28] {ese} they have a short position on themselves and now have to cover it?

[09:28] {fernp} when I grow up I want to be like you, nemo

[09:28] {nemo} what, insane, maladjusted, homicidal

[09:29] {fernp} lol

[09:29] {ese} not normally baffeled by BS.....but this one has got me

[09:29] {nemo} it's collateral....notes are a loan

[09:31] {dino} gm

[09:31] {strider} dino:)

[09:31] {nemo} dino may be able to explain it better ese

[09:31] {Threei} dino :)

[09:32] {dino} dilution=drop temporarily

[09:32] {strider} VVUS CC was at 8:30

[09:32] {nemo} rimm puking

[09:32] {dino} ironically they will buy back stock at highs

[09:32] {Threei} Long Setup: CAKE .70 break half lot

[09:33] {Threei} if stays above .55

[09:34] {Les} hig lost support

[09:37] {magoo} RIMM vad

[09:37] {Les} fas going up hard

[09:37] {dino} hl l cedc .01, wide jumpy

[09:38] {Threei} noty yet on RIMM

[09:38] {Les} hgsi

[09:39] {Threei} Long Setup: HIG .60 break

[09:39] {Threei} if stays above .45

[09:40] {cosmo} adsk busy

[09:40] {nemo} frig missed cake watching hig

[09:40] {fernp} missed CAKE

[09:40] {dino} pot

[09:41] {magoo} in cake

[09:42] {dino} prison thing

[09:42] {nemo} pot or the file in the cake

[09:42] {dino} :)

[09:42] {Threei} CAKE 1:1

[09:42] {fernp} grrrrrr

[09:43] {Threei} HIG 1:1

06[09:43] * Threei goes home

[09:43] {fernp} ty

[09:43] {Les} ty vad out hig

[09:43] {Threei} welcome guys

[09:44] {strider} cake +.14, HIG +.10 + .15

[09:44] {strider} thx

[09:44] {Threei} good focus stroder

[09:44] {Threei} o=i

[09:45] {strider} good ficus???

[09:45] {strider} :)

[09:45] {dino} gj

[09:45] {Threei} lol

[09:45] {cosmo} strider takes the cake

[09:45] {strider} thx...working on executions..

[09:45] {dino} bloody job

06[09:46] * Threei makes a note to keep his neck as far from strider as p;ossible, and always be on lookout for axe

[09:46] {strider} yeah, I'm bad..

[09:46] {magoo} out .89 TY bad

[09:46] {magoo} b=v

[09:46] {dino} ctrp

[09:47] {strider} GENZ dbl bottom but....

[09:47] {Les} $ dropping

[09:49] {strider} WDCV?

[09:49] {strider} WDC

[09:49] {Les} fcx bounce?

[09:51] {Threei} 85 recross, half lot

[09:51] {strider} VVUS bounce?

[09:51] {Threei} stop under .90

[09:51] {strider} what?

[09:51] {ese} you in there dino ...ctrp

[09:52] {Threei} nah, leave VVUS well alone

[09:52] {dino} missed short

[09:52] {strider} wahat's .85 recross?

[09:52] {nemo} fcx

[09:52] {Threei} never mind

[09:52] {nemo} market tanking

[09:53] {dino} ilmn

[09:53] {fernp} any news, Vad?

[09:53] {Threei} Fed's Bullard: FOMC will focus on the prevention of asset bubbles - Q&A

[09:53] {Threei} - Bullard is a non voting member; will be a voting member next year

[09:53] {Threei} this is the only thing I see

[09:53] {fernp} tks

[09:54] {Threei} Short Setup: RIMM .10

[09:54] {Threei} top of this bounce will define the stop

[09:54] {Threei} with invalidation above .30

[09:54] {dino} dish

[09:55] {Threei} or rather, switch to short on the bounce

[09:57] {Threei} Short Setup: GLD .70 break

[09:57] {Threei} .85 stop

[09:58] {Threei} RIMM .25 stop if triggers here

[09:59] {Threei} Euro vs US Dollar Dealers continue to examine comments from Fed's Bullard

[09:59] {Threei} - Dealers noting that Bullard actually comments was ""FOMC did not begin policy rate increases until 2.5- to 3 years after the end of each of the past two recessions"...which originally was interpreted as Fed likely on hold until early 2012 after the recent positive preliminary US GDP data

[10:01] {Threei} let's trail GLD to above .80

[10:02] {Threei} and RIMM to above .20

[10:03] {Threei} GLD 1:1

[10:03] {BillyD} nice on Vad

[10:04] {Threei} RIMM just won't die

06[10:05] * Threei hits RIMM over the head with 2x4

[10:06] {Les} oh i can see it will be pleasure to learn with you 1 on 1 in bahamas...

[10:06] {Threei} absolutely

[10:06] {fernp} ty for GLD was busy praying for RIMM

[10:06] {Threei} count on me to deliver max pain and suffering

[10:06] {BillyD} lol

[10:06] {strider} dino...thx for ilmn...got a quick +.11

[10:06] {Les} weed out the non believers...

[10:06] {strider} long side

[10:07] {Threei} but as soon as you get past your sensitivity, you'll see you are better for it :)

[10:07] {BillyD} well said Vad

[10:07] {Threei} whatever RIMM

[10:08] {fernp} RIMM no go

[10:08] {Threei} nope

[10:08] {Les} still short rimm

[10:09] {Threei} why?

[10:09] {Les} MACDh same as SPY but rimm ticker much weaker.

[10:10] {Threei} it went above the resistance and got stopped fair and square

[10:10] {Threei} where is your stop then?

[10:10] {Les} .25

[10:10] {fernp} Les, if you short RIMM here, where is your stop?

[10:10] {fernp} oooops!

[10:10] {Threei} it hit .29

[10:10] {Les} too fast for me to see on IB

[10:10] {nemo} dumb luck

[10:11] {ese} L nlst .79

[10:11] {Threei} you mean you don't have streaming quotes?

[10:11] {strider} wtg, ese

[10:12] {Les} what's that?

[10:12] {ese} out nlst .95 +.18

[10:12] {strider} yowsa ese!

[10:12] {nemo} LII Time & Sales

[10:12] {Threei} ummm... quotes that refresh real time without you refreshing a window?

[10:13] {ese} text book....that one

[10:13] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:13] {Threei} **consensus expectations:

[10:13] {Threei} Crude: +1.1Me

[10:13] {Threei} Gasoline: +850Ke

[10:13] {Threei} Distillate: -800Ke

[10:13] {nemo} not what was being passed around this morning...interesting

[10:14] {BillyD} Vad, when you tightened CLD stop to .80, do you still look for original 1:1 of .15

[10:15] {BillyD} just to clarify

[10:15] {Threei} as a rule, yes

[10:17] {Les} http://up.widget.mibbit.com/up/t8O9Z3xs.gif

[10:17] {nemo} depth of market, nice

[10:18] {strider} CEPH salmon

[10:19] {Threei} so, this looks like real time streaming window

[10:19] {nemo} yeah depth of market with volume at price...nice

[10:19] {Threei} not sure why "too fast to see" then

[10:19] {fernp} you are also using charts, true Les?

[10:20] {Les} must have been looking away ;)

[10:20] {ese} L fitb .95

[10:20] {Les} http://up.widget.mibbit.com/up/NM6HkC9C.gif

[10:21] {nemo} that's not IBs charts

[10:21] {ese} how did you do that les?

[10:22] {BillyD} VAD, thoughts on VVUS .90 short if breaks?

[10:22] {BillyD} tough read for me normally

[10:22] {Les} http://www.wisdom-soft.com/

[10:22] {dino} ctrp sm l .20

[10:22] {Threei} if stays under 9, sure

[10:22] {fernp} 10:08 candle hit 60.29, Les

[10:23] {Les} must have been on the toilet...

[10:23] {nemo} more info than needed les

[10:23] {dino} stopped -.30

[10:23] {Les} you're right nemo, haven't even begun to explore IB's abilities

[10:23] {nemo} that's a great LII interface

[10:23] {Threei} really? I hate it

[10:24] {nemo} IB's charts will be more responsive than Freestockcharts.com

[10:24] {Les} will look into it.

[10:24] {Threei} I prefer traditional level2 look

[10:24] {fernp} VVUS short .89 w/stop above 9.0? Vad

[10:24] {dino} rinsed, jumpy ctrp

[10:24] {Threei} yup

[10:24] {nemo} geschmacksache...you get volume at price there though

[10:25] {Threei} don't you get it on L2 and T&S?

[10:25] {nemo} LII visual on resistance levels

[10:25] {nemo} no

[10:25] {Threei} huh?

[10:25] {nemo} it shows you cumulative volume for the day at a given price

[10:25] {nemo} in the LII

[10:26] {Threei} oh I see what you mean

[10:26] {nemo} some charts do it also

[10:26] {Threei} I just don't see much use for it

[10:26] {Les} at present I can trade with the calls here just with what i've got.

[10:26] {nemo} just another visual clue when price reaches a resistance or support level

[10:27] {Threei} nice on FITB eswe

[10:27] {Threei} ese

[10:27] {dino} ctrp re-load break of .25 wider, last try

[10:28] {nemo} frickin spread Dino, sheesh

[10:28] {dino} i know, i know

[10:30] {Threei} DOE CRUDE: -880K V +1.1ME; GASOLINE: -1.75M V +850KE; DISTILLATE: -320K V -800KE

[10:30] {Les} RIMM found new resistance at .99?

[10:31] {Threei} I don't have any read on it here

[10:31] {nemo} market dead already

[10:32] {Les} k. learnt from your reads not to trade otherwise. I end up giving my profits back. new mantra before I begin the day.

[10:32] {strider} long CEPH .05

[10:32] {strider} stop .95

[10:32] {nemo} cat might be a short

[10:34] {dino} giddy-up

[10:34] {Les} wfc making new high

[10:35] {Threei} gosh, even BAC shows some life

[10:35] {Threei} been a while since this one had anything readable in it

[10:35] {Les} is that a playable pattern

[10:35] {Les} ?

[10:35] {cosmo} life?

[10:35] {Threei} chart wise, yes

[10:36] {Threei} just not delighted by perspective to get stuck in it for too long

[10:37] {Threei} and BAC can do that easily

[10:37] {Threei} WFC is normally more perky one

[10:37] {Les} hig has gone nuts

[10:38] {Threei} financials disconnected from market today

[10:38] {Threei} VVUS invalidated

[10:39] {Threei} if you want WFC, this is trigger

[10:39] {Les} ty

[10:39] {Threei} stop for hard core scalpers under .70

[10:39] {Threei} for daytraders under .60

[10:40] {Threei} hard core scalpers have over 1:1

[10:40] {dino} out ctrp .15, +.90

[10:40] {Les} ty for offering choice. will try for a longer daytrade this time

[10:41] {fernp} go home dino

[10:41] {ese} just looked dino.........good one

[10:41] {dino} thx

[10:41] {dino} wicked ride

[10:41] {strider} stop CEPH -.04

[10:41] {Threei} see how much slower BAC is?

[10:42] {Les} y

[10:42] {fernp} Im out here WFC. ty Vad

[10:42] {Threei} :)

[10:42] {Threei} day traders have 1:1

[10:42] {tomg} ty wfc, vad out here

[10:42] {Threei} nice and easy

[10:42] {ese} interesting inflection pt here for fitb with all technical indicators and resistance

[10:42] {Threei} welcome guys

[10:44] {ese} was gonna sell but i think i'm going to hold on .....this breaks through 10 and...........well you figure it out

[10:44] {Les} took the scalp. ty. HIG giving some back so...

[10:45] {BillyD} Vad, you a SOLF fan

[10:46] {magoo} ty vad

[10:46] {Threei} when it trades well

[10:46] {Threei} welcome mags... for what btw?

[10:47] {BillyD} does it's behavior look that way? it seems very bursty

[10:47] {BillyD} from moment to moment

[10:47] {Threei} not delighted by it

[10:47] {Threei} it's a kind of stock that becomes readable sometimes

[10:47] {Threei} the rest of the time it's pretty random hit and miss

[10:48] {BillyD} it cahnges look in a second

[10:48] {Threei} ok, with 4 for 5, let's make a pause for a min

[10:48] {ese} ziiiiiiiinnnnnnnnngggaaaaaahhh

[10:49] {Threei} look at the latest photos please and tell me which of three you like the most

[10:49] {Threei} ese... meds...

[10:49] {ese} fitb baby.........

[10:50] {Threei} http://www.realitytrader.com/photography/

[10:50] {tomg} #3 vad

[10:50] {nemo} 3, 1, 2

[10:51] {dino} hl jec l .20

[10:51] {Threei} something's wrong with me

[10:51] {ilana} first

[10:51] {fernp} 1 here

[10:51] {Threei} thank you!!

[10:51] {Threei} finally

[10:51] {ese} Beacon Hill park........very nice vad

[10:51] {Threei} everyone likes everything else, I thought I was the only one liking first the most

[10:52] {Threei} yes ese :)

[10:52] {ilana} i would put it on my wall int the office

[10:53] {Threei} so what's the problem... I'll send you high resolution file for printing

[10:53] {ilana} please!

[10:53] {Threei} and will be happy to know someone has it on the wall

[10:53] {ilana} happy to make you happy

[10:54] {Threei} wow... 15 MB

[10:55] {Threei} probably better to upload it, e-mail won't let it through, lol

[10:55] {nemo} zip it

[10:56] {Threei} ese, aiming for big move on FITB?

[10:57] {ese} out fitb....cool took it .05 +.10 40k of the little buggars

[10:57] {Threei} wtg

[10:57] {ese} it seems too be predictable these days....like old times....but it won't last

[10:58] {strider} {-------runs behind the ese wagon, hoping to pick up a few crumbs.

[10:58] {magoo} NICE

[10:58] {strider} or at least a piece of coal..

[10:58] {ese} with 40k .10 is good enough vad....no need to push it

[10:58] {BillyD} lol

[10:59] {ese} get out when you want....not when you have to

[10:59] {Threei} hmmm

[10:59] {Threei} I think I've heard it somewhere

[10:59] {ese} ya fella.....that bottle of vodka is commin

[10:59] {dino} if mayans are right and world ends 2012, we may never get a rate hike

[11:00] {Threei} of course they are... did ancient mayan ever lie to you??

[11:00] {ese} roltlol

[11:00] {magoo} i wish they were right

[11:01] {dino} careful for what you wish

[11:04] {dino} ilmn drop

[11:05] {magoo} power-of-the-office is freaky strong dino, but i dont think it can cause world cataclism

[11:05] {nemo} thought you were the antichrist mags?

[11:05] {magoo} u are

[11:05] {magoo} i just one of your mynyans

[11:06] {dino} i may be

[11:06] {nemo} wow...news on DE?

[11:07] {Threei} got cramerized yesterday

[11:07] {nemo} ahhh

[11:07] {Threei} Yesterday 18:06 DE Positive Mad Money Mention - CNBC

[11:08] {dino} ilmn hl l .50 stop lod

[11:12] {dino} tighten ilmn to .23

[11:13] {ilana} stopped ilmn

[11:13] {dino} not cooperating so far

[11:13] {dino} pulp

[11:14] {nemo} market dropping

[11:14] {ilana} yeah

[11:14] {Threei} US) Treasury Sec Geithner: US to borrow much less than expected to fund TARP, costs for program are down "quite significantly"

[11:14] {Threei} - TARP savings to be used to reduce budget deficit

[11:15] {nemo} that'll be like Obama's cost reduction mandate when he first came into office

[11:16] {dino} well, if they don't spend it i guess it automatically comes out of budget?

[11:16] {dino} sort of like avoiding walmart, ha i saved $

[11:19] {BillyD} WFC short idea .80 break if mkt breaks

[11:19] {Threei} I like it

[11:20] {Threei} but don't use market as guide

[11:20] {Threei} us FAS

[11:20] {Threei} use

[11:20] {Threei} they are disconnected today, and FAS is better guide for WFC

[11:20] {BillyD} does FAS need to go down as well then

[11:21] {Threei} yes

[11:21] {BillyD} ok

[11:21] {Threei} if you like to make your life interesting and complicated, use FAZ... it's inverse :)

[11:21] {BillyD} why I asked

[11:23] {BillyD} what # would trigger FAS to clue us on short, not that it matters right now

[11:23] {magoo} so really, there is 2 trades there then

[11:23] {Threei} it's mostly about direction

[11:23] {magoo} fas and wfc

[11:24] {BillyD} ok trend

[11:24] {Threei} no mags, not by me

[11:24] {Threei} I don't have a setup for FAS

[11:24] {Threei} just want to use it as a directional help for WFC which does have clean triggere

[11:26] {dino} stop to /83 ilmn

[11:26] {strider} wtg on ilmn, dino.....gutted it out.

[11:26] {dino} out ilmn .83 ave, +.33

[11:27] {BillyD} Vad, WFC stop .94 or .90 or

[11:27] {BillyD} .87 for the chincy

[11:27] {Threei} above .90... above .85 for extrasuperanalretentive scalpers

[11:28] {fernp} above .90 here

[11:28] {Threei} lol

[11:29] {BillyD} watch HIG for over .20 if stays above .10

[11:30] {Les} DE got support?

[11:31] {Les} Vad, worth watching/playing stocks moving opposite to market in general?

[11:31] {Threei} sure

[11:31] {Threei} divergence window in scanner

[11:31] {Threei} salmon concept

[11:32] {dino} cnqr

[11:32] {strider} in wfc .79

[11:33] {Threei} (RU) Russian Fin Min Kudrin: Russian govt to sell 30 tons of gold to the Russian Central Bank at market rate before end of 2009 (related EUR/RUB USD/RUB RSX GLD )

[11:33] {Threei} psst WFC... look at FAS

[11:35] {dino} vrus

[11:35] {Les} yeh, don't see b/d

[11:36] {Les} fas following spy...

[11:36] {dino} jec stopped=.23

[11:37] {Threei} superimpose charts Les

[11:37] {Threei} you'll that FAS was much stronger for the most part of the day

[11:37] {Les} not sure how to do that

[11:38] {dino} jec -.23 sorry

[11:38] {nemo} look at them and think of the other one

[11:38] {Threei} if your sfotware doesn't have this feature, just put two charts next to each other

[11:39] {nemo} in freestockcharts .com under settings=}comparisons

[11:39] {strider} out WFC +.02----chicken!

[11:39] {Les} that I have. and u r right. spy is a little different, especially time frame, from fas

[11:39] {Les} ah no not even.

[11:40] {Les} I dunno. fas/spy spitting image in my eye

[11:40] {strider} Vad you see any bad news on VRUS?

[11:40] {Threei} no

[11:40] {strider} me neither. But somebody's apparently found some.

[11:41] {Les} hig again

[11:41] {Threei} must be something in all this pharma debvacle

[11:41] {Threei} gearing for another winter of discontent:

[11:41] {Threei} RU) Ukraine PM: Plans to double transit fees for Russian gas, effective Jan 1, 2010

[11:42] {strider} Do you go back to visit Russia, vad?

[11:42] {Threei} not since 1996

[11:42] {Les} Ukrainians are suckers for punishment

[11:43] {dino} lazard cap. cof. is all i see vrus

[11:45] {Les} wonder what new price for gas delivered to Ukraine will be...

[11:45] {strider} well I got to go......can't wait for VRUS. See you all tomorrow.

[11:45] {Les} ciao

[11:45] {tomg} sti vad?

[11:46] {strider} see ya Les.

[11:46] {Threei} take care strider

[11:46] {strider} :)

[11:46] {Threei} not sure tom

[11:46] {magoo} this is the most boring november i can remember

[11:47] {magoo} and hard as hell to get a dime

[11:47] {Les} hgsi new low

[11:47] {tomg} ty, daily looks good, though?

[11:48] {Les} normally more money to be made is there mags? sounds good for a real account in future...

[11:48] {Threei} I don't know tom... could be topping out afer yesterday's spike...

[11:48] {tomg} ok, will leave it alone, ty

[11:48] {magoo} used to make half a years dough in nov and dec

[11:49] {magoo} agonizingly slow and

[11:50] {Les} hgsi below .99?

[11:51] {dino} want some cheese w/that whine

[11:53] {Threei} let's scratch WFC

[11:54] {Threei} things fell in coma

[11:54] {Threei} no read on anything

[11:56] {Les} nue

[12:00] {dino} vrus hl l .00, stop .66

[12:04] {dino} cimatic data center, oct was coldest oct since 1925

[12:05] {Threei} oh horror

[12:06] {Threei} {--- just doing impression of global warming chorus

[12:06] {Threei} voice from behind the curtain:

[12:07] {Threei} don't you worry boys, we saw it coming and switched to "climate change" instead of "global warming"

[12:07] {dino} waste of time and money

[12:07] {Threei} so any change will git

[12:07] {Threei} fit

[12:08] {dino} ironically their computer models did not forecast any cooling. sort of like the rating agencies never thought real estate could drop

[12:08] {BillyD} HIG B?O but near lunchtime

[12:08] {Threei} yes but it worked on p[revious break...

[12:09] {Threei} and yesterday, break during lunch time worked on HIG

[12:09] {Threei} adds to its credibility

[12:09] {BillyD} mini pattern over bigger pattern.....lol

[12:09] {BillyD} would like a tighter .10 stop

[12:10] {BillyD} any thoguhts on stop?

[12:10] {Threei} ideally, it would retreat once again and hold above .30

[12:11] {Threei} so we could use that as astop

[12:11] {BillyD} make it so then...lol

[12:12] {Threei} there you go

[12:13] {Les} hgis breaking down

[12:13] {Les} hgsi

[12:15] {dino} aed

[12:16] {dino} nah

[12:16] {Les} SINA weak today. decent gap to fill on the hourly chart

[12:18] {dino} was looking at it earlier

[12:18] {dino} osk spike

[12:19] {dino} and pullback too fast

[12:27] {nemo} hig gonna do something

[12:27] {BillyD} needs some mkt help imo...hig

[12:28] {Threei} even AIG is tame like lamb

[12:29] {dino} lol, new one

[12:30] {magoo} rimm bottom vad?

[12:31] {Threei} I doubt it

[12:32] {BillyD} maybe a short

[12:32] {BillyD} needs more tight consolidation

[12:34] {nemo} e tight range

[12:34] {nemo} de

[12:34] {nemo} frickin "d" key

[12:35] {Les} u

[12:35] {Les} never mind

[12:40] {Threei} RIMM starts looking bouncy now

[12:40] {Threei} .80 break

[12:40] {Threei} sdtop under .70

[12:41] {Les} ditto hgsi

[12:41] {Les} bouncy that is

[12:42] {nemo} lunch breakouts...ewwww

[12:43] {Threei} who is calling for breakouts?

[12:43] {nemo} you rimm .80 break

[12:43] {Threei} deep sigh

[12:44] {dino} gww

[12:45] {nemo} what up w/grainger

[12:46] {Threei} didn't we discuss yesterday the difference between bounces and breakouts in the same context?

[12:46] {BillyD} yes

06[12:47] * Threei slaps nemo around a bit with a large yesterday's trading log as a memory refreshment

[12:47] {nemo} sorry, I think of this, incorrectly obviously, as a breakout after the bounce off of .60

[12:47] {Threei} sorry and incorrectly are right, the rest is not

[12:48] {dino} acquiring alliance energy, lowers '09 guidance

[12:48] {nemo} thus "obviously"

[12:48] {Threei} it's a bounce play, and .80 break simply serves as a trigger for it

[12:48] {nemo} okey dokey

[12:49] {nemo} My rorschach interpretation of the rimm chart pattern is an inverse dandruff shampoo

[12:50] {Les} why can't you see a dog or a cat like normal children

[12:50] {Threei} or... err, never mind

[12:50] {Threei} family room

[12:51] {nemo} who are you talking too?

[12:51] {Les} who me?

[12:51] {Les} hgsi at 28

[12:51] {Threei} suffice to say, a joke ends with patient calling a doctor pervert because he has such pictures...

[12:54] {BillyD} are we stuck or what

[12:54] {dino} indeed

[12:55] {nemo} out rimm

[12:55] {dino} hl l cnqr .65

[12:55] {Threei} someone tripped of market cord

[12:55] {Threei} no news

[12:56] {Les} aig

[12:56] {nemo} rimm not your game today

[12:58] {Threei} I offered to go howm after first 4 plays

[12:59] {nemo} rimm giving you the mesodactyl

[13:00] {fernp} .

[13:01] {dino} vrus stopped

[13:08] {ese} ese is not away......ese is watching and enjoying the fruits of the day

[13:08] {ese} but will probably not do anything the rest of the day

[13:09] {ese} now that i'm thinkin about it i do have to go to school.

[13:09] {ese} cya all tomorrow...have a great rest of the day

[13:10] {BillyD} u 2 ese

[13:10] {ese} see ya billy

[13:10] {nemo} dude

[13:10] {Threei} take care ese, ghreat job on FITB

[13:10] {magoo} AWIAV?

[13:10] {Threei} yes... we are in deep sorrow

[13:11] {magoo} ok

[13:12] {magoo} like the abbreviated question code:)

[13:20] {fernp} don't know what to do, wanted to read something but everything is so quiet that even I am not receiving spam

[13:21] {Threei} I have just the solution for such cases fern

[13:21] {Threei} cereal boxes

[13:21] {Threei} a lot of useful reading material

[13:21] {fernp} or champoo

[13:21] {fernp} yes, lol

[13:21] {Threei} no, too small font

[13:27] {Threei} wow...

[13:27] {Threei} this is remarkable queitness in the market

[13:28] {Threei} almost feels like something huge is brewing

[13:29] {fernp} You scared me, I thought you received spam to read

[13:29] {Threei} no :(

[13:29] {Threei} even spammers don't need me

[13:30] {fernp} that's sad, very sad

[13:31] {BillyD} how about I forward my spam to you as kind jesture....J is intentional

[13:31] {Threei} no thank you... let me wallow in my suffering

[13:31] {fernp} no ty

[13:32] {Les} sure vad, I can help there too. I have lots of buxom german blondes that would love to spam you.

[13:32] {Les} european spam is wonderful

[13:32] {BillyD} c'mon, you don't lost millions deposited into your account

[13:32] {fernp} reading "trade with passion and purpose" by Mark Whistler I don't need more spam. TY

[13:33] {Les} i lost a lot trying to go long RIMM that last trade. this market only seems to work before 11 am

[13:33] {Threei} a lot?

[13:33] {Threei} how can you lose a lot with 10 cents stop?

[13:33] {Les} I wanna make 500 a day in the future

[13:34] {Les} made it today comfortably

[13:34] {Les} and gave too much of it back

[13:34] {Les} the best trades are before 11

[13:34] {Threei} how many shares of RIMM do you play?

[13:34] {Les} 2k

[13:35] {Les} don't be going calculating my p&l vad

[13:35] {Threei} it's a bit too much for noon scalp on volatile strock

[13:35] {Threei} but in any case, it's roughly half

[13:36] {nemo} got the inverse dandruff shampooo on the S&P and Qs

[13:36] {Threei} just not sure how 10 cents stop ca be qualified as a lot

[13:36] {nemo} figure out how much you're willing to lose, and size your lot

[13:36] {nemo} according to the stop

[13:37] {Les} yeh sure

[13:37] {Les} getting less interested in 12 pm - afternoon trades

[13:38] {Les} will size accordingly

[13:38] {Les} but today was good day for me

[13:38] {Threei} one thing bothers me les

[13:38] {Les} hmmm

[13:38] {Threei} the way you handled that first short on RIMM

[13:39] {Les} let me look at log

[13:39] {Threei} it's a randon reinforcement trap

[13:39] {Threei} random

[13:39] {Threei} it was stopped

[13:39] {Threei} you haven't taken a stop and made a profit on it later on

[13:40] {nemo} Hey Les...are you paper trading?

[13:40] {Les} y

[13:40] {Les} u mean the last RIMM short

[13:40] {nemo} yes

[13:40] {Les} yes that was risky

[13:40] {Threei} that wasn't just risky

[13:40] {Threei} that was ahainst the rules

[13:41] {Threei} stop is hit - stop must be taken

[13:41] {Threei} period

[13:41] {Threei} no ifs or buts

[13:41] {Les} but was watching ticker/MACDh relationship between spy and rimm

[13:41] {Threei} you set your stop at .25

[13:41] {nemo} MACD is a lagging indicator les

[13:41] {Threei} you can always find justification for widening your stop

[13:42] {Threei} the worst thing that can happen to you is:

[13:42] {Threei} break the rules and profit from it

[13:42] {dino} adsk l .00

[13:47] {Les} don't worry about negative reinforcement, i've let stops slide too many times and suffered for it.

[13:48] {Les} but this time I saw rimm was weak and went with it. perhaps judicial loosening of stop next time

[13:48] {Threei} then I worry about you continuing doing it

[13:49] {Les} no its better today.

[13:49] {Les} that one trade has been sole example. i have been more anally retentive elsewhere, especially last rimm bounce

[13:50] {Les} another rimm bounce coming?

[13:54] {Threei} rather looks like short

[13:54] {Threei} but not confident enough for a call

[13:59] {nemo} fcx inverse dandruff shampoo

[14:00] {nemo} I lied...C&H

[14:00] {nemo} I lied...cat

[14:02] {nemo} ok inverse C&H looking DB on cat

[14:05] {dino} ????????????

[14:06] {nemo} cat might be shaping up as a break of .25

[14:07] {magoo} AMZN

[14:07] {magoo} piper news

[14:07] {magoo} pops

[14:07] {Threei} AMZN Hearing Piper Jaffray raising estimates; raises Price Target to $163 from $130

[14:07] {Threei} 3 min ago

[14:07] {Threei} sorry, missed it

[14:08] {Threei} Market Internals update at 2:00pmET

[14:08] {Threei} - NYSE volume 600M shares, about 15% below its three-month average; decliners lead advancers by 2.6:1.

[14:08] {Threei} - NASDAQ volume 1.25B shares, about 14% below its three-month average; decliners lead advancers by 2.3:1.

[14:08] {Threei} - VIX index -0.75% to just over 22.00

[14:08] {nemo} look to short it in the .60 to .80 range if market stays weak

[14:09] {dino} cnqr to .99

[14:10] {magoo} news LDK vad? rippin

[14:11] {Threei} nothing fresh

[14:11] {dino} to .15

[14:12] {dino} out +.40

[14:12] {dino} opps, +.50

[14:12] {fernp} gj dino

[14:13] {dino} ty

[14:15] {patience} nice dino

[14:15] {dino} ty

[14:16] {fernp} Soccer: Spain - Austria in 30 min. Have a good evening everybody. See u all tomorrow

[14:16] {Les} football fanatic huh? ok cheers

[14:17] {dino} cya

[14:18] {Threei} take caree fern

[14:25] {Les} amzn?

[14:26] {nemo} looks short less

[14:26] {nemo} but....that upgrade may screw up the pattern

[14:27] {Les} MON also testing highs

[14:28] {dino} adsk to .11

[14:28] {dino} out +.11

[14:30] {dino} grrrrrrrr vrus, wanted .20

[14:32] {dino} gww

[14:36] {Threei} had we had a strong trending market still, I'd be looking to take FITB overnight

[14:38] {Threei} as it is, I am willing too - but with ese's money

[14:38] {dino} me too

[14:38] {dino} wes $

[14:38] {dino} w/es $

[14:38] {dino} gww lod

[14:38] {Threei} aren't we both great humanitarians dino

[14:39] {nemo} humble too

[14:39] {Threei} oh yes... I am sure I can successfully fight for the title of the most humble on the island

[14:40] {Threei} then again, when I am prescribed tablets curing greediness I demand more of them

[14:41] {dino} ahh yes, the island, fond memories

[14:41] {Threei} is it a word? greediness?

[14:41] {nemo} yes, but isnt demanding more of them then you need greedy?

[14:41] {BillyD} good one nemo

[14:42] {nemo} thank you

[14:42] {Threei} try in English nemo... you lost me

[14:42] {nemo} I can hear the rationalization now

[14:43] {dino} greed is good; laziness is bad

[14:43] {Threei} oh, that was thAn, not thEn

[14:43] {BillyD} Vad, did you say skip 2012 movie due bad script, etc?

[14:43] {Threei} yes, but wasn't it exactly the point of the joke

[14:43] {Threei} 'Doctor, I need something to help with my greed... and give me more of that!"

[14:44] {Threei} not exactly Billy

[14:44] {Threei} it was rather:

[14:44] {nemo} wow...not used to seeing RIMM trade by appointment

[14:44] {Threei} if you want sophisticated and belieavable plot, skip it... if you want stunning visual effects on a grand scale, this is your movie

[14:45] {BillyD} ok, go to movies as escape so may be for me

[14:45] {Threei} also, there is this guilty pleasure of seeing calidornia going to the bottom of the ocean

[14:45] {Threei} california too

[14:46] {nemo} I wish Cambridge would go with it

[14:46] {BillyD} about time, been hearing all my life

[14:49] {BillyD} HIG short off 26 maybe

[14:50] {Threei} looks promising

[14:50] {nemo} hig

[14:55] {Threei} 1:1

[14:55] {Threei} nice and easy

[14:55] {BillyD} yup

[14:55] {Threei} good spot Billy

[14:55] {BillyD} yw

[14:55] {Threei} no single uptick since breakg support

[14:55] {Threei} this is how we like them

[14:55] {Threei} meek and obeying

[14:55] {BillyD} taking all day for my mind to become clearer...allergy/sinus issues

[14:56] {BillyD} this morning like ...lost in space

[14:56] {magoo} u know what works goo billy?

[14:56] {BillyD} what

[14:56] {nemo} BillyD=Billy Mumy

[14:56] {BillyD} true nemo

[14:57] {magoo} dip towel in bucket of urine and place over your head like if u had a humidifier LOl

[14:57] {dino} cl

[14:57] {BillyD} lol....I knew there was a good reason I was afraid to ask

[14:57] {nemo} wow...funny as a bag of rocks

[14:57] {dino} lol disconnected bd?

[14:58] {dino} cl?

[14:58] {Les} asdk .30 break?

[14:58] {BillyD} ?

[14:58] {nemo} adsk

[14:59] {Les} thats the one

[14:59] {Les} but its not going up

[14:59] {nemo} see market les

[15:00] {BillyD} SOLF big .50 offer may be tempting if hit

[15:02] {Les} axp .35 break?

[15:03] {magoo} C

[15:03] {magoo} L

[15:03] {magoo} C

[15:03] {magoo} L

[15:03] {dino} cl +4 in minutes

[15:03] {dino} has to be buyout

[15:03] {Threei} 2:57:46 PM

[15:03] {Threei} Colgate-Palmolive Co Sources feel nearing merger agreement with Reckitt - UK Telegraph

[15:03] {Threei} - It is not clear which company Reckitt is targeting. SSL International, the maker of Scholl footwear products and Durex condoms, has always been tipped as a target for Reckitt. However, well-placed sources think the most obvious candidate is US giant Colgate-Palmolive.

[15:04] {dino} clx too

[15:04] {dino} rumor only

[15:07] {Threei} DCP May have violated Foreign Corrupt Practices Act - WSJ

[15:07] {dino} oh my

[15:14] {Les} I see someone wanted ABK back above a buck

[15:15] {BillyD} HGSI maybe a short candidate if breaks down holding .90

[15:16] {nemo} market going to rally into close again

[15:16] {magoo} yea..not on the short bus here

[15:17] {nemo} except maybe cl

[15:17] {magoo} that scares even me

[15:17] {nemo} crissakes...don't ruin my world view mags...I put you up on a pedastal

[15:18] {nemo} pedestal

[15:18] {magoo} nothhing wrong with admitting fear..its how u deal with it..channel it...for destructive purposes

[15:19] {nemo} roger that

[15:20] {dino} roger who

06[15:20] * nemo slaps dino around a bit with a large sense of humor

[15:21] {Les} japan etf is on a very slippery slope. that US market's destiny soon?

[15:21] {Les} EWJ

[15:21] {dino} ouch

[15:25] {dino} is clx assoc w/cl?

[15:25] {Threei} AMTD CEO: Interested in a deal with E*Trade assuming it is under the right circumstances; Acquisition of an online broker would be the best use of cash at this point

[15:25] {Threei} - May be prudent to pay a dividend eventually

[15:26] {dino} may be prudent to open a beer

[15:26] {Threei} lol

[15:26] {nemo} clorox used to be owned by Henkel..could be colgate owns them

[15:27] {dino} find out and report back

[15:27] {dino} :)

[15:27] {BillyD} lol

[15:27] {nemo} guess the sense of humor slap didn't work

[15:28] {dino} abuse makes me stronger

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 780M shares, about 15% below its three-month average; decliners lead advancers by 1.9:1.

[15:31] {Threei} - NASDAQ volume 1.69B shares, about 10% below its three-month average; decliners lead advancers by 1.9:1.

[15:31] {Threei} - VIX index -1.35% to just over 22.00

[15:35] {dino} vrus hl l .06

[15:38] {Threei} financials look like more strength is coming nearest days

[15:40] {magoo} yup..bac wfc stroonggg

[15:41] {Les} bounce in ldk

[15:41] {Les} ?

[15:41] {Les} a frigg it. chasing straws. shower and bed before close tonight methinks. night all.

[15:42] {magoo} nah..its slow and time short here

[15:50] {nemo} so...two days of relative consolidation during op ex week

[15:52] {dino} all dayer dish to .91 sheesh

[15:53] {dino} out +.06

[15:54] {magoo} .

[15:54] {dino} cga

[15:56] {Threei} okay guys, boring day

[15:56] {Threei} profditable but barely

[15:56] {BillyD} cya, ty vad

[15:56] {nemo} P&Q

[15:57] {Threei} have a good evening, see you tomorrow

[15:58] {dino} u2 vad

[16:00] {dino} damn, have to ditch vrus aftehours

[16:01] {magoo} ty all

[16:03] {dino} thx all, good times

Nov 17 2009

Very narrow day with very low volume, so most of our plays were scalps and most of them for some reason on a short side. Profitable and bored.

Session Time: Tue Nov 17 00:00:00 2009

[08:18] {Threei} Preview: Oct Producer Price Index and PPI ex Food & Energy due at 8:30amET

[08:18] {Threei} - Producer Price Index MoM: 0.5%e v -0.6% prior; YoY expected at -1.8% v -4.8% prior

[08:18] {Threei} - PPI ex Food & Energy MoM: 0.1%e v -0.1% prior; YoY expected at 1.4% v 1.8% prior

[08:20] {Threei} BLTXX Baltic Dry Bulk Index rises 3.8% (14th straight increase)

[08:30] {Threei} *(US) OCT PRODUCERPRICE INDEX M/M: 0.3% V 0.5%E; PPI EX FOOD&ENERGY M/M: -0.6% V 0.1%E

[08:31] {Threei} ONCY Collaborators Present Positive Phase I/II Trial Results in Advanced Solid Cancers with a Focus on the Head and Neck at the AACR-NCI-EORTC Meeting (3.69, 0.00, 0.00%)

[08:36] {nemo} How's the weather down south Strider?

[08:37] {strider} 50 degrees, sunny.

[08:37] {nemo} not that much warmer than up here...mmmhhh

[08:52] {ese} i'm eschewing already ...i'm eschewing

[08:52] {strider} remember to swallow

[08:52] {ese} good morning if your hanging

[08:53] {ese} morning ST

[08:53] {nemo} dude

[08:53] {ese} dude

[08:53] {ese} I got my 5 cents from fitb yesterday.........looks like it took a little bit of a tank end of day

[08:54] {Threei} ese :)

[08:54] {ese} morning vad

[08:59] {lasertrev} morning

[09:00] {Threei} trev :)

[09:00] {Threei} *SEPT NET LONG TERM TIC FLOWS: $40.7B V 30.0BE; TOTAL NET TIC FLOWS: $133.5B V $10.2B PRIOR

[09:02] {ese} hmmm something capitol flows....whats the TI

[09:05] {Les} good afternoon

06[09:05] * nemo slaps Les around a bit with a large eastern standard time clock

[09:05] {cosmo} evening for some, ya know....

[09:05] {ese} les

[09:05] {nemo} cosmo, where are you?

[09:06] {cosmo} So,Cal.

[09:06] {Threei} les, cosmo :)

[09:06] {nemo} life's tough

[09:06] {ese} boston, hartford?

[09:06] {cosmo} So. Cal that is

[09:06] {Les} I see Bernanke's comments regarding "not too big to fail" yesterday intimately tied to financial services lobbying

[09:07] {Les} "The problem is not that some institutions are too large. It's that there is currently no legal authority to unwind, in an orderly way, a failing financial conglomerate."

[09:07] {Les} hmmm

[09:07] {cosmo} that legal authority has been deregulated i think

[09:08] {cosmo} those serving time for the 1980's Saving and loan scandle where subsequently pardoned by W during his last week.

[09:10] {Threei} what, NLST didn't gap to 8?

[09:10] {Threei} strange

[09:10] {BillyD} yeah and NABI only a dime

[09:10] {Threei} NABI though did first print of the day at 5, lol

[09:11] {nemo} that just frosts my ass

[09:11] {BillyD} poor soul

[09:11] {nemo} sorry

[09:11] {Threei} buyer of that 1K at 5 looks at it now and thinks, what the deuce

[09:11] {Threei} people are so strange sometimes...

[09:15] {Threei} Tuesday, November 17, 2009 9:15:02 AM

[09:15] {Threei} * (US) OCT INDUSTRIAL PRODUCTION: 0.1% V 0.4%E; CAPACITY UTILIZATION: 70.7% V 70.8%E

[09:15] {Threei} - Prior Industrial Production revised from 0.7% to 0.6%

[09:15] {dino} gm all

[09:15] {nemo} another optimist

[09:16] {Threei} dino :)

[09:16] {ese} dino

[09:17] {Threei} lol, do these guys have quotes:

[09:17] {Threei} PALM Barclays Raised PALM to Equal Weight from Underweight, price target: $11

[09:17] {Threei} seriously

[09:17] {Threei} how do you uograde the stock assigning the target below what it trades now at?

[09:19] {dino} that is called value added research

[09:19] {Threei} ahha

[09:20] {fernp} Good morning everybody

[09:20] {Threei} fern :)

[09:20] {Les} hi fern

[09:21] {dino} because of this 3i, i have decided to apply for two jobs in my next life, research for the street and weather man

[09:21] {nemo} what if you come back as a lemming?

[09:21] {strider} make lemming-aid

[09:22] {dino} i will shrug

[09:22] {BillyD} lol dino

[09:22] {nemo} can lemmings shrug-anatomically speaking

[09:23] {Threei} dino, if you get the reasearch job - I'll apply for for "boy reading the quotes" position

[09:23] {dino} if we do it as a group

[09:23] {dino} lol

[09:23] {Threei} we will have our upgrades a bit more meaningful but more importantly, we will hang out near the beer-cooler

[09:23] {Threei} they'll have those in the next lifetime, right?

[09:24] {Les} canadian solar beat earnings this morn. solars have been hot, STP up yesterday. follow thru today?

[09:24] {Threei} SPWRA looks pitiful

[09:25] {dino} ago

[09:25] {dino} if they don't 3i, i will not make the trip

[09:25] {Threei} CSIQ in fact is the strongest in the group

[09:25] {Les} ouch. what happened to them

[09:26] {Threei} FSLR is green but the position on daily is, ummm

[09:26] {Threei} overall, it seems to me CSIQ is more likely to succumb to a general mood

[09:26] {nemo} rimm ad amzn look like setting up for drops at the open

[09:28] {Threei} no clear candidates for the open

[09:30] {fernp} HGSI daily chart is interesting for 29 or 30 breakout

[09:30] {dino} spwra acct issues

[09:30] {nemo} got rimm right anyway

[09:31] {magoo} teirirrWIR

[09:31] {Threei} mags :)

[09:31] {ese} l sina .61

[09:32] {Threei} wow

[09:32] {magoo} NICE

[09:32] {ese} out sina. .33

[09:32] {ese} whoa

[09:32] {Threei} wtg ese

[09:32] {fernp} gj

[09:32] {ese} 1k + .72 i think

[09:32] {magoo} C YA TOMORROW ES LOL

[09:33] {nemo} was that mags or ese?

[09:33] {ese} it's still goin

[09:33] {ese} that was movin so fast almost couldn't type it

[09:35] {dino} gj

[09:35] {Threei} watch RIMM for sharp pullback

[09:36] {nemo} .25-.35 area?

[09:36] {Threei} 61.10 - .20 area should be good for entry

[09:36] {Threei} no pullback

[09:36] {Les} stp

[09:36] {ese} definitely one of those cases of shoot now ask questions later

[09:38] {Threei} Short Setup: RIMM .70 break

[09:38] {Threei} half lot

[09:38] {Threei} if stays under .85

[09:39] {Threei} invalidated

[09:39] {magoo} monster pllbk sINA vad

[09:39] {Threei} .80 break RIMM

[09:39] {Threei} if stays under .95

[09:39] {Threei} half lot!

[09:41] {dino} jec blood

[09:42] {Threei} NABI 5

[09:42] {Threei} morning buyer is out

[09:42] {Threei} with sigh of relief

[09:42] {Les} hgsi just broke resistance

[09:42] {Threei} no go RIMM

[09:44] {nemo} amzn dropping, it breaks 131 could go a bit

[09:45] {Threei} why am I not convinced by this morning ramp-up...

[09:45] {nemo} nor genetically sunny disposition?

[09:45] {Threei} pronbably

[09:46] {dino} lol gut feeling down

[09:46] {Threei} yeah

[09:46] {Threei} don't want to short arbitrarily

[09:46] {Threei} so hunting for topping setups

[09:47] {Threei} Short Setup: NTRI .90 break half lot

[09:47] {Threei} if stays under 23

[09:48] {nemo} amzn broke 131

[09:49] {Les} mbi

[09:49] {Les} sorry under 5

[09:49] {Threei} Short Setup: RIMM .95 break half lot

[09:49] {Threei} if stays below 62.10

[09:50] {magoo} trend fighter?

[09:50] {Threei} nope

[09:50] {Threei} invalidated

[09:50] {nemo} market still too strong

[09:50] {nemo} amzn going against market

[09:50] {nemo} should be weak today

[09:51] {nemo} was weak yesterday

[09:53] {dino} randon

[09:53] {Threei} VVUS?

[09:53] {Threei} no news that I see

[09:53] {Threei} ahha

[09:53] {Threei} rumors

[09:53] {Threei} VVUS Hearing vague chatter could receive approval for a product (0.87, 0.00, 0.00%)

[09:53] {Threei} bunker is at work

[09:54] {Les} rimm now?

[09:54] {Threei} market is upticking again

[09:54] {nemo} got support at .89 les

[09:54] {Threei} let's see how RIMM handles it

[09:55] {ese} dino you had a look at spwra

[09:55] {magoo} news SINA?

[09:56] {Threei} beat earnings yesterday

[09:56] {Threei} got couple upgrades today

[09:56] {Threei} RIMM just had to invalidate setup befor working, eh?

[09:57] {Les} HGSI close to breaking suppport

[09:57] {Threei} 29?

[09:58] {Les} .97 no? but its bouncing

[09:59] {Threei} hgsi

[09:59] {Threei} let it consolidate above the support,

[09:59] {Threei} so you have the resistance defined for a stop placement

[09:59] {Threei} so far resistance is .20

[10:00] {Threei} die NTRI

[10:01] {ese} ya know....i get this feeling drys is going to be mentioning a drilling rig contract soon....call me crazy but......it's acting odd

[10:02] {Threei} BLTXX had 14th straight increase ese

[10:02] {Threei} both DRYS and EGLE are strong

[10:02] {dino} i'll hit the time machine w/stewie and let you know es

[10:02] {fernp} ty Vad

[10:02] {KSystems} morning!

[10:02] {Threei} I'll be right behind with mad Doc, dino

[10:02] {ese} ya ok

[10:03] {Threei} ks :)

[10:03] {Threei} he says flux capacitor is almost fixed

[10:03] {dino} lol

[10:03] {ese} goes right along with the clairvoyance thing

[10:04] {Threei} that;s the one we embracing, right?

[10:04] {Threei} not eschewing

[10:05] {dino} aixg

[10:06] {Threei} RIMM bounced

[10:06] {Threei} right into resistance

[10:06] {Threei} NTRI 1:1

[10:06] {Threei} grrr... keep missing RIMM

[10:07] {Threei} oh come on, that was a perfect short opportunity finally

[10:07] {Threei} and I slept through it

[10:08] {dino} ibkc hl s .60 stop .94

06[10:08] * strider slaps Threei around a bit with a large feather pillow

[10:09] {Threei} I don't take this kind of abuse from males strider...

[10:09] {dino} no pillow talk

[10:10] {fernp} Vad, Why have we shorted NTRI? its daily and intraday seemed good for breakout. What have you seen on it?

[10:10] {Threei} breakout would have been invalidation of the setup,

[10:10] {Threei} breakdown of the support is breakout failure

[10:10] {Threei} or breakout invalidation if happens first

[10:10] {Threei} rught?

[10:10] {fernp} fading the setup

[10:10] {fernp} ok

[10:11] {Threei} yes

[10:11] {Threei} so, looking for short setup, you have two options

[10:11] {Threei} short the weakest

[10:11] {Threei} or short relatively storng but failing to follow through

[10:11] {Threei} and the sign of such failure is loss of support instead of breaking the resistance

[10:12] {Threei} after signal is in, the rest is simple a trade management with no thinking involved

[10:12] {fernp} I understand. Thank you

[10:12] {magoo} AGO big pullbk

[10:12] {Threei} (my favorite part as it alows me to get back to my neanderthal core)

[10:12] {Threei} now, having RIMM pegged as a short and missing it keeps me grinding my teeth

[10:14] {Les} MS?

[10:14] {Threei} Les, took HGSI breakdown?

[10:14] {Threei} nicely hit 1:1 and more

[10:15] {Threei} MS is .50 break short

[10:15] {Les} i am ashamed to say no

[10:15] {Les} i did not

[10:16] {Threei} with stop for scalpers above .60

[10:16] {Threei} no need to be ashamed really, just use the discussion and observation to collect more of "standard situations"

[10:17] {Les} k. I like reading charts. trading them is not so easy for me.

[10:18] {Threei} of course... otherwise everyone would be doing that, got rich, abandoned work and civilization as we know it would have ceased to exist

[10:18] {Threei} that's what we are doing here though: eliminating barrier between read and execution

[10:20] {Threei} as far as I am concerned Hawaii can have their pineapple express back... this rain becomes tiresome

[10:21] {fernp} HIG .40 break is good idea?

[10:21] {Threei} most likely, yes

[10:22] {Threei} looking at SPWRA with short in mind

[10:22] {Threei} got e-mail from a friend over there though, they have it even worse right now... his litarl words were "my lawn flowing past the window"

[10:22] {fernp} lol

[10:22] {Threei} .50 in nearest resistance for SPWRA

[10:23] {Threei} let's see if it bounces there,

[10:23] {Threei} to short first weakness with stop above .60

[10:24] {dino} cov ibkc -.11 stuck

[10:24] {Threei} volume looks to be shaping right for HIG breakout fern

[10:24] {Threei} Long Setup: HIG .40 break if stays above .30

[10:24] {fernp} thank. my finger is ready

[10:25] {Threei} SPWRA, breakdown short would be .30

[10:25] {Threei} .30 break I mean

[10:25] {Threei} with stop above .50...

[10:25] {Threei} a bit wider than I'd like

[10:26] {Threei} HIG invalidated

[10:27] {dino} esc hl l .19 stop .87

[10:28] {Les} weakness all round, but where's the entry...

[10:28] {fernp} .29 SPWRA in one entry

[10:28] {fernp} is

[10:29] {dino} hl jec l .15 stop .83

[10:30] {Threei} US Fed to trim maxiumum maturity of discount window loans to 28 days from 90; effective Jan 14

[10:31] {Threei} cites improvement in financial markets

[10:31] {dino} after they take the trimmings off the xmas trees

[10:31] {nemo} gag

[10:38] {Les} fcx short?

[10:39] {Threei} looks right

[10:39] {fernp} still above .50 SPWRA stop?

[10:39] {nemo} rimm too

[10:39] {Threei} .35 break

[10:39] {Threei} I'd trail it fern

[10:40] {fernp} .40?

[10:40] {Threei} to above .45 or .40, depending on how much in hurry you are

[10:40] {Threei} there you go Les

[10:40] {Threei} pattern recognition starts kicking in

[10:40] {ese} am signing off to lay dn for an hour....flu thing i think

[10:40] {Threei} 1:1 FCX

[10:41] {Threei} btw, tell me what pattern that was, and I'll be one happy boy for today

[10:41] {nemo} 1/2 out rimm

[10:41] {dino} vaya con dias es

[10:42] {Threei} take care ese, get well

[10:42] {fernp} bye ese

[10:42] {nemo} 1/4 more

[10:43] {dino} tjx lod

[10:43] {Threei} (US/CA) USGS: 6.5 Magnitude Earthquake reported off coast of British Columbia

[10:43] {Threei} hmmm

[10:43] {Threei} I didn't feel anything

[10:44] {Les} ty Vad. covered HIG +.12, FCX +.10

[10:44] {nemo} way off the coast

[10:44] {Threei} wtg Les

[10:44] {fernp} FCX was a dbi that I missed trading SPWRA

[10:44] {Les} how many vodkas you had this morning Vad'

[10:44] {Les} perhaps explains lack of feeling for earthquake

[10:44] {Threei} don't eschew rthe question Les...

[10:44] {Threei} what pattern FCX was?? :)

[10:44] {dino} gj les

[10:45] {nemo} out rimm .32

[10:45] {Les} what pattern?

[10:45] {nemo} fcx

[10:45] {Threei} chart pattern that shaped up as a short

[10:45] {Les} is this trick question, or school time?

[10:45] {Threei} no tricks

[10:45] {nemo} the one you called les

[10:45] {Threei} what am I, ancient mayan

[10:46] {Threei} to trick people into being scared of 2012

[10:46] {nemo} no...neanderthal

[10:46] {Les} hmm can't put name to pattern

[10:46] {Threei} yeah... forgot

[10:46] {Threei} let me give you time frame

[10:46] {Threei} on 1 min

[10:46] {nemo} 10:06 to 10:40

[10:46] {Threei} right

[10:47] {nemo} not as dumb as I look

[10:47] {cosmo} http://earthquake.usgs.gov/earthquakes/recenteqsus/Maps/AK10/50.60.-140.-120.php

[10:47] {Threei} 10:08 to be exact

[10:47] {nemo} eh...not if you include the tail on the candle

[10:47] {nemo} that is since you did call break .35

[10:47] {dino} tjx hl l .30, stop .97

[10:47] {Threei} ok, 10:07

[10:47] {Les} wait a minute. inverted c&h?

[10:48] {nemo} are we arguing?

[10:48] {Threei} A+

[10:48] {Threei} you made my day Les

[10:48] {nemo} nah....B for time

[10:48] {nemo} then again...he made money....so

[10:48] {Les} I am smart arse like nemo, but I do pay attention

[10:48] {Threei} finding patterns, nailing entries and actually executing trades

[10:48] {nemo} yep

[10:48] {nemo} a+

[10:49] {Threei} teaching fishing works, eh

[10:49] {Threei} die already SPWRA

[10:49] {Threei} topped out at .40 on the last bounce btw

[10:49] {Threei} so stop is for sure above .40 now

[10:50] {Les} question. does laser permit multiple trades at a time? like multiple windows for trading various stocks at same time rapidly?

[10:50] {nemo} yep

[10:50] {Threei} Tsunami is not expected

[10:50] {Threei} - Earthquake centered 70 miles/113 Km southeast of Sandsp

[10:50] {Threei} hmmm... text end on Sandsp

[10:50] {Threei} one who wrote it was living there?

[10:50] {dino} jec stopped -/32

[10:50] {Threei} yes les

[10:50] {Threei} open a few windows and do a few trades

[10:51] {Threei} that's what I do

[10:52] {dino} gme\

[10:52] {dino} gap fill

[10:53] {nemo} eh...scalpers regret rimm...sniff, coulda had 1:5

[10:53] {Threei} where di you short it nemo, I missed?

[10:53] {nemo} right after Les called fcx at 62.20 rimm

[10:54] {Threei} with stop above .35?

[10:54] {nemo} [10:38] {Les} fcx short?

[10:54] {nemo} [10:39] {&Threei} looks right

[10:54] {nemo} [10:39] {fernp} still above .50 SPWRA stop?

[10:54] {nemo} [10:39] {nemo} rimm too

[10:54] {nemo} yes

[10:54] {nemo} well, I was looking .30

[10:55] {nemo} or a close above .30 that is, I chicken out on tails of the candles alot, and then it closes within the stop range on me

[10:55] {nemo} Makes me feel like an idiot when I stop out at the top or bottom of the range

[10:56] {Threei} don't provoke me

[10:56] {nemo} provoke what?

[10:56] {Threei} we neanderthals like those chins

[10:56] {nemo} oh...go ahead, it'll make you feel good

[10:56] {nemo} remember...I'm a masochist

[10:57] {Threei} lol... I'll withold the whack then

[10:57] {nemo} I know..hahahaha

[10:57] {nemo} rimm consolidating 70-.80

[10:58] {Threei} lol, looking how NTRI doesn;'t go anywhere I start thinking we just got lucky on that short and caught almost random movement

[10:59] {nemo} today's nabi

[11:00] {Threei} fiinally SPWRA

[11:00] {Threei} sure took its sweet time

[11:00] {Threei} 1:1

[11:01] {fernp} ty

[11:01] {Threei} sure thing

[11:03] {Threei} rain finally stopped too

[11:12] {dino} tjx stopped

[11:13] {Threei} FNM Exec: Forecasting home sales to rise when recession ends

[11:13] {Threei} no really?

[11:14] {Threei} 2010 housing starts to rise 35%

[11:14] {nemo} government employee...probably barney's ex

[11:14] {BillyD} brilliance is deafening

[11:17] {fernp} market lod. QID Vad?

[11:18] {Threei} most likely...

[11:18] {Threei} I just hate breakouts on it

[11:18] {fernp} ok

[11:19] {Threei} and we moved into lunch time

[11:19] {nemo} fcx at sink or swim

[11:19] {Threei} can we reasonably expect big break and follow through ,

[11:19] {Threei} or rather choppy shakeouts?

[11:19] {nemo} the latter

[11:19] {Threei} that's my concern

[11:19] {nemo} which means, it'll drop like a stone

[11:19] {nemo} since I figure shakeouts

[11:20] {fernp} you are too rational Vad. Mags QID? lol

[11:20] {nemo} we are approaching the nefarious lunch hour

[11:20] {Threei} you want irrational? here:

[11:21] {Threei} NABI .20 break

[11:21] {Threei} ratget 6

[11:21] {nemo} that's a good one

[11:21] {Threei} how's that for irrational? :)

[11:21] {nemo} after yesterday's water torture...very

[11:22] {BillyD} was that a real call?

[11:22] {magoo} pard vad

[11:22] {Threei} no Billy

[11:22] {fernp} no

[11:22] {nemo} look at .25, same trap as yesterday

[11:22] {BillyD} ok, there is CC going on now for NABI

[11:22] {nemo} who is CC?

[11:22] {nemo} Captain Cramer?

[11:22] {BillyD} conference call

[11:23] {Threei} PARD news was pretty horrible mags... dunno

[11:23] {BillyD} THOR but wide

[11:26] {BillyD} if SPWRA consolidates and break of 22 might be good

[11:29] {dino} jec

[11:34] {BillyD} I take scalps today and there seems to be follow thru....

[11:34] {BillyD} yesterday the opposite

[11:34] {nemo} glad I didn't take Nabi break

[11:34] {BillyD} took NABI at 4.61 this morning for scalp...and you know the rest...lol

06[11:35] * nemo slaps BillyD around a bit with a large roll of cash

[11:35] {Threei} well, at least you didn't get scalped

[11:36] {nemo} scalped isn't the word that comes to mind

[11:36] {BillyD} exactly, not complaining or regretting

[11:36] {BillyD} simply observing

[11:38] {BillyD} Vad, question for you

[11:38] {BillyD} I took SPWRA short at 22

[11:38] {BillyD} with .10 hopeful stop due to large offer and .16 drop dead

[11:39] {BillyD} took +.10 scalp

[11:39] {BillyD} it looked like trap possibilities

[11:40] {BillyD} does that stop structure and last 1 min high of .09 make sense to you?

[11:40] {Threei} it does,

[11:40] {Threei} the only distinction I'd make is

[11:40] {Threei} I would be more jazzed about looking for entries into bounce on it

[11:41] {Threei} bounce into resistance, if it shows a setup

[11:41] {Threei} it tends to torture you for a while on breakdowns

[11:41] {Threei} not this time, you got luckier on this entry

[11:41] {BillyD} you mean SPWRA personality ?

[11:41] {Threei} but remember hiow long it kept us hostages with .30 entrey

[11:41] {BillyD} ok

[11:41] {Threei} the way it trades today, yes

[11:42] {Threei} overall, that was valid setup

[11:42] {BillyD} thx

[11:44] {Threei} SPWRA Hearing SPWRA upgraded at Soleil (timing uncertain) (21.92, -5.31, -19.50%)

[11:44] {Threei} Fed's Lacker: Main objective for USD is for domestic purchasing power; 'extended period of time' phrase pertains to no specific time frame - Q&A

[11:44] {Threei} - comments that the discount window adjustment will help restore normalcy

[11:46] {dino} jec double bottom

[11:46] {dino} l off of .50 break

[11:56] {Threei} fern... see how QID break would have been a perfect trap?

[11:56] {nemo} watch amazon for a bear flag here

06[11:56] * Threei pats himself on the back for eschewing it, even at the risk of dislocating his shoulder

[11:57] {nemo} probably working back to the .20 area

[11:57] {fernp} yes. i saw earlier

[11:57] {strider} just remember, vad after you eschew it, you should spit it out.

[11:58] {fernp} thanks for your rationality :-)

[11:58] {Threei} yeah, or I'd have to embrace it

[11:58] {strider} eewwww!

[11:58] {Threei} there is some mismatch here

[11:58] {Threei} how come people who know me personally never put me and rational in the same line

[11:59] {nemo} [11:56] * &Threei pats himself on the back for eschewing it, even at the risk of dislocating his shoulder

[11:59] {Les} WHR threatening new lows. volume aint great though.

[11:59] {nemo} because your always complementing yourself anyway

[11:59] {Threei} oh

[11:59] {Threei} okay then

[11:59] {Threei} but what can I do if no one else does

[12:00] {strider} Vad is a market complementarian

[12:00] {nemo} is that the tree falling in the forest question?

[12:01] {Threei} trying to decode strider's meaning

[12:01] {strider} =market contrarian

[12:01] {nemo} just ignore it like I do :)

[12:01] {Threei} in what way I complement the market - in slap;ping hard for mistakes?

[12:02] {strider} I hate it when I have to explain my superior wit}}

[12:02] {Threei} nemo

[12:02] {strider} whoops. complimentarian

[12:02] {strider} but imperfect spelling.

[12:02] {nemo} that's kinda' like using military and intelligence together Strider

[12:02] {Threei} we need a rifle to shoot this unusdually high horse he rode in on

[12:03] {nemo} I'm good at distance though Vad?

06[12:03] * strider slaps nemo around a bit with a large GRE exam score.

[12:03] {nemo} oxymoron-thats it

[12:03] {nemo} been hit in the head too many times

[12:04] {strider} jec-which way's it going, dino?

[12:04] {nemo} watch TIES for support around here

[12:04] {nemo} T&S

[12:04] {dino} up

[12:05] {strider} com: Jacobs Engineering says chemical business is slow outside of Middle East

[12:05] {strider} These comments were made at the Q4 Jacobs Engineering Group earnings conference call.

[12:05] {nemo} bids are catching bigger size

[12:05] {magoo} vad, we in anything? and how can i program that question into this forum so i can just hit 1 key to ask?

[12:05] {Threei} no mags

[12:05] {Threei} and you can't

[12:05] {dino} awia magoo

[12:06] {nemo} aawiav

[12:06] {nemo} awiav

[12:06] {dino} are we in anything

[12:06] {nemo} vad

[12:06] {magoo} ROFLOL

[12:08] {Threei} lol

[12:08] {nemo} think of the variations awiaogo awiadv awia3i

[12:09] {nemo} fcx near the top of it's range

[12:11] {dino} hl l ese .69

[12:14] {Les} thanks Nemo out +.10 on fcx

[12:14] {nemo} yw

[12:15] {ese} i'm back

[12:15] {nemo} dude

[12:15] {ilana} RIMM capitulation

[12:15] {Threei} spared by the earthquake and even no rain, ese?

[12:16] {Threei} RIMM sharp drop into support, good eye

[12:16] {ese} dude

[12:16] {nemo} yeah, I was looking at rimm, the volume pattern wasn't making a lot of sense to me on the increase

[12:16] {nemo} then again, 3 letter words don't either

[12:18] {Threei} .70 break for a scalp, anyone?

[12:18] {strider} RIMM lvl1 showing incorrect LOD

[12:18] {BillyD} short Vad?

[12:18] {Threei} 60.65... looks right to me

[12:18] {nemo} look at 8:06 strider

[12:19] {Threei} no, bounce scalp if breaks .70

[12:19] {nemo} then 9:31

[12:19] {nemo} after 9:30 they start calculating

[12:19] {strider} 11:02, 61.52

[12:19] {strider} whoops

[12:19] {strider} never mind. :(

[12:19] {nemo} yeah

[12:19] {nemo} I feel better about myself

[12:20] {dino} heat

[12:20] {strider} I get those darn 0s and 1s confusedd]

[12:20] {BillyD} stop .60 then?

[12:20] {nemo} break on rimm at lunch vad?

[12:21] {Threei} this is not a breakout play

[12:21] {Threei} this is bounce

[12:21] {nemo} oh bounce, sorry

[12:21] {Threei} see... not much reasong forthis: [12:19] {nemo} I feel better about myself

[12:21] {Threei} {GGG}

[12:21] {nemo} yes there was

[12:21] {dino} heat

[12:21] {Threei} not for long

[12:21] {ilana} missed

[12:22] {nemo} [12:19] {strider} 11:02, 61.52

[12:22] {nemo} [12:19] {strider} whoops

[12:22] {nemo} [12:19] {strider} never mind. :(

[12:22] {fernp} missed. too fast

[12:22] {Threei} feel free to take profit on RIMM

[12:22] {magoo} HEAT news vad?

[12:22] {Threei} just a scalp, as intended

[12:22] {Threei} not since yesterday

[12:23] {Threei} beat earnings, announced yesterday before open

[12:23] {dino} jec triggereed

[12:23] {nemo} C&H on amzn 130.50

[12:23] {nemo} .45

[12:24] {Les} wow just played upro for +.20. nasty spread. not nice.

[12:26] {Threei} you don't look at these things before the trade?

[12:26] {nemo} yeah, upro pretty thin

[12:28] {Threei} (US) Treasury Sec Geithner: US economy is growing again, although the environment remains tough

[12:28] {Threei} - Calls financial markets "much more stable." (related EUR/USD )

[12:28] {nemo} growing...inflated maybe

[12:33] {strider} Hey fern. Awhile back you said the stop loss function on LVL2 was working for you. what route does that work with?

[12:34] {fernp} route -} route and in the blotter you see "auto" when executed

[12:35] {fernp} route -} stop

[12:36] {strider} And under 'type' is a stop loss a stop or a stop L?

[12:36] {fernp} limit or market. What do you want? :-)

[12:37] {strider} OK. didn't know if "L" mean limit or loss.

[12:37] {fernp} StopT should be trailing. but I never used

[12:42] {strider} So, under route}stop, there are two choices for type: stop and stop L. stop = stop market, and stop L means stop limit. Correct?

[12:42] {fernp} yes

[12:42] {strider} thx

[12:42] {fernp} :-)

[12:45] {strider} btw, +.22 on ESE. out .91. thx dino.

[12:45] {fernp} note that if you select Stop then "price field" is unavailable. You can't write a price there

[12:47] {strider} Oh. so under Stop L you put in a stop price and a limit price?

[12:47] {fernp} right

[12:47] {strider} don't understand

[12:47] {fernp} that's the difference

[12:47] {strider} so say stop price would be .50 (on a long) and limit would be .53?

[12:48] {strider} for example.

[12:48] {nemo} interesting, where are those choices?

[12:48] {Threei} stop price is the price your stop is getting triggered by

[12:48] {nemo} I bring up stop route, but don't see those choices

[12:48] {Threei} limit is the price to wich it will chase

[12:48] {strider} yeah. what I said}:)

[12:49] {Threei} unlike stop market where you enter triger price only

[12:49] {Threei} and market order is being sent when it's hit

[12:49] {strider} nemo..under route, choose stop.

[12:49] {fernp} limit is the worst price you admit

[12:49] {strider} gotcha.

[12:49] {nemo} yes

[12:50] {nemo} but I don't see any choices...just using the limit and market buttons?

[12:50] {strider} under route=stop, type options are stop and stop L

[12:50] {BillyD} nemo. on L2 do you see the TYPE drop down

[12:51] {nemo} yes route=} stop

[12:51] {strider} now look under type options

[12:51] {strider} 'type'

[12:51] {nemo} must have the wrong LII interface

[12:51] {nemo} no such animal

[12:51] {fernp} route -} stop and type --} stop or stopL

[12:51] {strider} need advanced LII

[12:52] {BillyD} do you have to have the ROUTE Stop option checked or can you use NASDAQ as the route and still enter stop orders?

[12:52] {strider} actually you don't.

[12:52] {BillyD} it appears I can on my L2 order entry

[12:52] {strider} it's under my regular lvl 2 also.

[12:52] {fernp} doesn't work Billy

[12:53] {BillyD} have to use STOP route then Fern?

[12:53] {fernp} the order never triggers if you don't select route = stop

[12:54] {BillyD} ok, thank you...are the fills pretty good then doing a stop limit

[12:54] {strider} new dbl bottom for JEC, dino.

[12:54] {BillyD} since you don't know what route is used

[12:55] {strider} PARD

[12:55] {fernp} if you are in front of your computer don't use stop orders

[12:55] {BillyD} right, but if stepped away is it reliable using the STOP route to get fills

[12:56] {fernp} yes. But i always use market order

[12:56] {dino} dk strider coin toss imo

[12:56] {BillyD} ok thx Fern

[12:56] {BillyD} is Lasertrev here?

[12:57] {nemo} electronically

[12:57] {Threei} easy to check Billy.. try to slap him

[12:57] {Threei} can be slapped - ergo exists

06[12:57] * nemo slaps lasertrev around a bit with a large trout

[12:57] {fernp} all this information is avilable on API documentation

[12:57] {BillyD} at Genesis fern?

[12:58] {fernp} yes

[13:00] {Threei} NOV NAHB HOUSING MARKET INDEX: 17 V 19E

[13:00] {Threei} - prior revised from 18 to 17

[13:00] {Threei} Fed's Pianalto: US beginning to emerge from crisis; housing will take time to fully recover

[13:00] {Threei} - sees recovery as 'gradual', 'bumpy'; Fed still must do more

[13:00] {Threei} yeah? I think they've done enough

[13:01] {nemo} interesting $ and oil up

[13:06] {Les} RIMM breakdown from .50?

[13:06] {Threei} looks good

[13:06] {Threei} except time of the day

[13:07] {Threei} bit with 10 cents risk, why not

[13:07] {Les} ah bon? everyone out to lunch?

[13:07] {Threei} pattern follow through is usually questionable during lunch time

[13:07] {Les} k

[13:08] {BillyD} Vad, does that lunchtime comment apply to your RIMM bounce play earlier?

[13:09] {BillyD} or is it bounce plays that have better follow thru

[13:10] {Threei} oscillations within the range are usually more reliable suring this time,

[13:10] {Threei} so are bounces,

[13:10] {Threei} but breakouts and breakdowns are the least desirable plays at lunch

[13:10] {BillyD} ok, just clarifying

[13:12] {Threei} ok... pineapple express gone I think

[13:12] {Threei} saaun is out

[13:12] {Threei} sun too

[13:13] {fernp} HIG breaking hod

[13:19] {fernp} I'm long .41 HIG w/stop under .30

[13:20] {fernp} out

[13:20] {BillyD} gj fern

[13:20] {fernp} ty

[13:21] {Threei} good one

[13:22] {BillyD} finding setups seem a little easier today

[13:23] {nemo} funny, Obama wants the yuan to appreciate, but that guarantees inflation in the US

[13:24] {strider} auto stop doesn't seem to work with shorts.

[13:31] {magoo} AWIAV?

[13:32] {nemo} nwan

[13:32] {Threei} c

[13:33] {Threei} which is short for Coma

[13:34] {fernp} thanks, I was looking for setup in Citigroup :)

[13:34] {Threei} lol

[13:34] {magoo} although vad, id think u are answering we are in citigroup

[13:35] {nemo} think bull trap on amzn?

[13:35] {Threei} ydes, unless arket suddenly ramps up

[13:36] {dino} jec hl l .75

[13:42] {nemo} be interesting to see if amzn attracts volume over 131

[13:42] {Threei} GS Reportedly cooperating with Berkshire to provide aid for 10K small businesses in new philanthropy - unconfirmed report (176.77, -0.48, -0.27%) (related BRK.A TLT SHY XLF )

[13:42] {Threei} damage control in PR department?

[13:43] {nemo} said the spider to the fly

[13:44] {strider} PARD

[13:48] {BillyD} NABI holds well so far

[13:49] {Threei} yeah but it did yesterday too

[13:49] {BillyD} you are not buying into its changed behavior...lol

[13:49] {BillyD} or teasing

[13:51] {dino} most likely equity stakes

[13:53] {dino} ese stop to .94

[13:53] {magoo} DINOOOOOOOOOO

[13:53] {magoo} hooks a big one

[13:54] {strider} out 1/2 jec...muchas gracias, dino.

[13:54] {strider} +.25

[13:54] {dino} jec to .98

[13:54] {magoo} STRIPPER:)

[13:55] {dino} np stride, gj

[13:55] {strider} howd you know?

[13:55] {dino} out jec +.23

[13:55] {fernp} gj strider

[13:56] {fernp} gj dino

[13:56] {dino} thx

[13:57] {strider} holding balance with stop at b/e.....79

[13:58] {dino} pot

[13:59] {strider} got any?

[13:59] {dino} will re-load around .70 is goes there

[13:59] {strider} pot

[13:59] {dino} say no to drugs

[13:59] {nemo} knew it was coming

[13:59] {dino} ese tighten to .97

[14:01] {dino} gdx and gld move up

[14:02] {dino} bwld wants gap filled

[14:03] {dino} ese to .99 stalled

[14:04] {BillyD} Vad, any read SPWRA .60 break

[14:04] {BillyD} stop look stoo wide to me

[14:06] {Threei} .45 can be used

[14:06] {Threei} if this market pullback is a little bull flag, it may help SPWRA when springs up

[14:09] {strider} AAPL drop

[14:09] {strider} downgrade

[14:09] {magoo} look at AMZN

[14:10] {strider} also AMZN downgrade

[14:10] {Threei} I see fresh downgrade on AAPL... not on AMZN

[14:10] {strider} Needham

[14:11] {Threei} but nonetheless, RIMM should be next

[14:11] {Threei} ahha, here comes AMZN too

[14:11] {dino} you mean a bruised apple

[14:11] {dino} iid

[14:11] {magoo} out jec here 39 TY dino

[14:11] {magoo} +.25

[14:12] {dino} gj

[14:12] {Threei} good one

[14:12] {dino} you guys do better on my picks than i

[14:13] {strider} actually, that's not hard to do....since nobody's entry is likely to be at low

[14:13] {BillyD} watch RIMM to see if hold s.50 area and break .40 area

[14:13] {strider} even YOURS!:)

[14:13] {dino} makes sense (& cents)

[14:13] {strider} I'm still in a little from .79

[14:13] {strider} and thanks:)

[14:13] {Threei} Short Setup: RIMM .40

[14:15] {Threei} come on Needham, downgrade RIMM for the good measure

[14:15] {strider} stop .55ish?

[14:15] {Threei} yeah

[14:15] {dino} ese to .03

[14:16] {strider} sprd downgrade Needham

[14:16] {Threei} Needham on a roll

[14:16] {Threei} really RIMM's turn

[14:16] {strider} in.38

[14:17] {magoo} in .385

[14:17] {Threei} am I the only one with unconditional love for aggressive entries

[14:17] {Threei} 1:1

[14:17] {fernp} .39 here

[14:17] {BillyD} out

[14:18] {Threei} half out

[14:18] {magoo} out .23 ty

[14:18] {Threei} me greedy

[14:18] {fernp} ty Mr Graifer

[14:18] {BillyD} you typed 1:1 before it hit

[14:18] {Threei} got in aggresively so can aford it

[14:18] {magoo} cheating:)

[14:18] {Threei} why, it was tyrading .29 when it did

06[14:18] * magoo slaps Threei around a bit with a large trout

[14:18] {BillyD} ok....thought my quotes off

[14:18] {Threei} welcome fern, lol

[14:18] {dino} 2:20

[14:19] {strider} out +.08 +.15

[14:19] {dino} out ese .02, +.33

[14:19] {strider} much grass

[14:19] {Threei} funny... NASDAQ goes up, our short goes down

[14:19] {Threei} are we good or what

[14:19] {fernp} great spot Billy / Threei

[14:19] {BillyD} yw

[14:19] {dino} gj

[14:22] {strider} out balance JEC, stopped +.10

[14:22] {strider} and that auto stop works....kewl

[14:22] {fernp} i like your stops (+.10)

[14:23] {strider} don't you have that feature on your Laser?

[14:23] {strider} :)

[14:23] {Les} fcx trying to breach resistance

[14:23] {fernp} lol

[14:26] {dino} will jec hold

[14:30] {strider} I sure don't know.

[14:35] {dino} iid pretty good smack down

[14:35] {BillyD} watching NLST for possible short if stays under 5, but it is down quite a bit already

[14:36] {BillyD} forget it

[14:36] {strider} JEC invserse c&h

[14:40] {strider} and thar she goes

[14:40] {strider} without me:(

[14:40] {Les} fcx good to go long Vad?

[14:41] {Threei} not here

[14:41] {Threei} .50 break, coluld be if you are in a breakout mode

[14:41] {Threei} I wouldn't go even for that though

[14:42] {Threei} HEV CEO: Think Global has applied for govt loan to develop battery manufacturing plant (15.36, +0.31, 2.06%)

[14:42] {nemo} hehe look at the market volume..

[14:42] {Les} watchya thinking? market weakness, dollar?

[14:42] {Threei} which reminds me... look at AONE

[14:42] {magoo} and?

[14:43] {fernp} yes, and?

[14:43] {Threei} ridiculously weak

[14:43] {nemo} si, y

[14:43] {Threei} was a highflier

[14:44] {Threei} but when bounce finally comes, will be a good one just on squeeze

[14:46] {Threei} volume? what volume nemo?

[14:46] {Threei} there is none

[14:46] {Threei} it's not even funny

[14:46] {nemo} duh

[14:46] {Threei} no sorry... still funny... but my sense of humor is one of 14 years old

[14:46] {Threei} I am easily amused

[14:51] {strider} JEC theflyonthewall.com: Jacobs Engineering downgraded to Hold from Buy at Morgan Joseph

[14:52] {magoo} rimm short w/futes vad..loss ,50?

[14:52] {Threei} why not

[14:52] {Threei} if stays under .60

[14:52] {dino} jec: upgraded to hold, dino the dog

[14:53] {strider} vampire upgrade

[14:53] {nemo} look for dt rimm at 65

[14:53] {nemo} .65

[14:53] {strider} teenage girls must love you.

[14:53] {dino} practicing for next life

[14:54] {dino} lol, in the day yes

[14:56] {Les} inverted c&h fcx?

[14:56] {fernp} Have a good evening everybody. See you all tomorrow

[14:56] {Les} bye fern

[14:56] {Threei} take care fern

[14:56] {nemo} not sure on fcx it's stayed strong in market weakness this afternoon

[14:56] {Threei} no les

[14:56] {strider} bye fern

[14:56] {Threei} too small

[14:56] {Les} k

[14:56] {dino} cya fern

[14:56] {Threei} they need a bit more time to be reliable

[14:58] {fernp} ahh!! Vad Forgive me for having called you rational. I'll never do it again :-) see you all

[14:58] {Threei} lol

[14:58] {nemo} cya fern

[14:58] {dino} wlt

[14:58] {Threei} don't call me nice either while you are at it

[14:58] {Threei} girls don't like that

[14:59] {nemo} o.k. what's rimm climbing on

[14:59] {Threei} on fumes?

[14:59] {nemo} good one

[14:59] {strider} on the nemo downgrade3

[15:00] {nemo} got the 3i disease huh Strider

[15:00] {nemo} 1 finger 2 keys

[15:00] {Threei} hey, I am working on 3 keys

[15:00] {nemo} use your forehead

[15:00] {cosmo} apwr

[15:01] {strider} using the muzzle of my..........

[15:01] {strider} dog

[15:02] {nemo} interesting strider

[15:02] {nemo} your mind scares me

[15:02] {Threei} I prefer elegant solutions nemo... anyone can type badly with their elbows or knees... I practice using what is intended for typing - fingers, yet making just as many errors

[15:02] {strider} good.

[15:03] {Threei} that's a real quest for perfection

[15:03] {strider} vad, you know you're supposed to use the ENDS of your fingers, right?

[15:03] {Threei} ??

[15:03] {Threei} oops...

[15:03] {strider} not the knuckles.

[15:03] {Threei} that maybe the reason...

[15:03] {strider} knuckles are for walking.

[15:03] {nemo} you might have your fcx short coming Les

[15:03] {BillyD} SPWRA may be weakening

[15:05] {Threei} US Treasury Sec Geither: Must rebalance world economy away from US demand in efforts to trim unemployment

[15:05] {Threei} - asks Congress to pay down debts to international development banks of $1B

[15:05] {Threei} does it make much sense to you?

[15:06] {nemo} what

[15:06] {Threei} Must rebalance world economy away from US demand in efforts to trim unemployment

[15:06] {nemo} code for killing the dollar so we can manufacture stuff here

[15:06] {dino} it means nothing. don't overthink it

[15:07] {cosmo} where's here

[15:07] {cosmo} ?

[15:07] {nemo} yes, I was being patronizing...they say stuff just to say stuff

[15:07] {nemo} Dino and Mags are in NE pennsylvania

[15:08] {dino} poli-tics = many bloodsuckers

[15:08] {Threei} lol

[15:08] {dino} nemo stalking me

[15:08] {magoo} we prefer to call it "pennsyl-tuckey"

[15:08] {BillyD} northern hillbillies

[15:09] {nemo} ahh...family trees have no branches

[15:09] {cosmo} wait till spring

[15:09] {strider} I resemble these remarks.

[15:09] {nemo} why cosmo?

[15:09] {cosmo} life ... will find a way

[15:10] {nemo} that's plagiarism

[15:10] {cosmo} past life

[15:10] {Threei} ok guys, did eschewing/embracing stugg get old yet?

[15:10] {dino} stugg?

[15:10] {nemo} patterns I see are matching market moves

[15:12] {Les} I dunno, we have expression in Switzerland: better to be happy di&%head than worried intellectual.

[15:12] {dino} if you think mezcal is good try cabo wabo

[15:13] {cosmo} the 'worried' have better memories

[15:14] {dino} \markets saying "giddy-up"

[15:14] {Les} sometimes ignorance could be bliss, or so I imagine...

[15:14] {Les} $ taken a little dive

[15:16] {Threei} interestingly enough, most of our plays are on the short side today

[15:16] {Threei} view it as practicing... one day, maybe even this year, this rally is going to run out of steam

[15:17] {dino} uup been holding steady for 2 hours

[15:17] {dino} iid hl l .12

[15:17] {Threei} which in itself is not small feat, the way dollar goes recenlty

[15:18] {dino} you worry too much

[15:18] {Threei} of course I do, frikin loonie takes money right out of my pocket

[15:18] {dino} good, you admit the real problem

[15:19] {Threei} when did I deny it

[15:19] {dino} now buy some u.s. real estate

[15:20] {Threei} I'll wait till they start selling whole islands

[15:20] {dino} lol

[15:20] {Threei} Kawaii will do

[15:20] {BillyD} the US Island is for sale....buy bonds

[15:20] {dino} i have some nice swamp land for you

[15:20] {magoo} wheres that? near haw

[15:21] {strider} China already has majority interest, Billy.

[15:21] {BillyD} Vad, could have Chines partners

[15:22] {cosmo} climate change will turn the US southwest into lush green savanas ....buy now

[15:22] {dino} zstn

[15:22] {strider} sure would be nice to be able to scroll the t&s

[15:23] {dino} you mean a

[15:23] {dino} cosmo, except that average temps have been dropping last 10 years

[15:24] {patience} i'm a nonbeliever in global warming....what a lot of hooey

[15:24] {strider} Ok. I've got one ........RLOG

[15:24] {dino} same here

[15:24] {cosmo} they keep picking colder places to monitor

[15:25] {cosmo} sneeky

[15:25] {cosmo} ... but i agree

[15:26] {cosmo} warmer oceans - colder air

[15:27] {dino} prime example of the poli-tics above

[15:28] {cosmo} i plan to grow corn in death valley

[15:28] {cosmo} things change

[15:29] {dino} ambitious, :)

[15:29] {patience} make sure you get a government grant for this cosmo

[15:29] {cosmo} next life

[15:30] {dino} ahhh

[15:31] {cosmo} we'll be using the Globerro then

[15:32] {dino} prefer tacos

[15:34] {Threei} wow... 12 points NQ range for the day

[15:34] {Threei} and no volume

[15:35] {Threei} it's a miracle we found plays we did

[15:35] {Threei} Market Internals update at 3:30pmET

[15:35] {Threei} - NYSE volume 690M shares, about 25% below its three-month average; decliners lead advancers by 1.4:1.

[15:35] {Threei} - NASDAQ volume 1.58B shares, about 15% below its three-month average; decliners lead advancers by 1.2:1.

[15:35] {Threei} - VIX index -2% to just under 22.50

[15:38] {Threei} go do decliners lead advancers with green indices

[15:38] {Threei} how

[15:38] {Threei} negative breadth?

[15:43] {dino} we call that xactly

[15:43] {dino} when your breath smells xactly like your azz

[15:43] {cosmo} floss might help

[15:44] {Threei} janitor getting angry

[15:45] {nemo} wow...and it's not me causing it

[15:46] {Threei} (US) Senate Majority Leader Reid (D-NV): Senate vote on carbon bill delayed until 2010

[15:46] {Threei} ***Reminder: On 11/16, the NYT reported that President Obama has acknowledged that a comprehensive climate deal was beyond reach this year.

[15:46] {Threei} seriously? there is some piece of crap they do not intend to shove in taxpayers throat immediately?

[15:46] {Threei} that's a progress

[15:47] {dino} indeed

[15:47] {Threei} bet hey, get right to it as soon as 2010 starts

[15:47] {Threei} 'cause month of no taxes raised is a lost month

[15:47] {dino} nope, election year not happening

[15:48] {Threei} I hope you are right but I amnot holding my breath

[15:48] {Threei} okay guys, got a birthday lunch to attend

[15:48] {dino} me too

[15:48] {Threei} no trades for today anyway anymore

[15:48] {Threei} thank you all

[15:48] {cosmo} the problem used to be carbon monoxide....now its carbon dioxide....sheesh

[15:48] {dino} take care 3i

[15:48] {magoo} ty

[15:48] {Threei} have a good evening, see you tomorrow

Nov 16 2009

Not a bad way to start the week - 4 wins, couple stops, then a few wins again. Most of them were scalps. RIMM, HGSI, APOL (this one was good for more), NABI, INFY, CAT... quite a specter.

Session Time: Mon Nov 16 00:00:00 2009

[08:24] {KSystems} Boo
[08:24] {BillyD} lol
[08:25] {nemo} Oh no, Ein Poltergeist
06[08:38] * KSystems shakes his rusty chains
[08:46] {nemo} retail data must not have been earthshattering
[08:48] {Threei} *(US) OCT ADVANCED RETAIL SALES: 1.4% V 0.9%E; EX AUTOS: 0.2% V 0.4%E
[08:48] {Threei} - Retail Sales ex Auto & Gas: 0.3% v 0.3%e
[08:48] {Threei} *(US) NOV EMPIRE MANUFACTURING: 23.5 V 30.0E
[08:49] {Threei} EGLE DB Raised EGLE to Hold from Sell, price target: $4.50
[08:49] {Threei} that's smart, considering EGLE is at 5.60
[08:52] {Les} gm. I'm impressed that the US consumer still has it in them to keep retail sales positive. Or have sales dropped so low that even a small positive number is a given?
[08:53] {Threei} who knows
[08:53] {Les} HGSI doesn't see eye to eye with the market.
[08:53] {Threei} just a little piece of overall mosaic, and impossible to judge without seeing much broader picture
[08:55] {Les} last minute cancellation of Repin last Thursday. H1N1 appears to be in our midst in this part of the world. 1 child sick last week. the other home today. nothing serious.
[08:55] {Threei} well, HGSI has some news
[08:55] {Threei} Human Genome Sciences Inc Receives FDA complete response letter for Raxibacumab BLA
[08:55] {Threei} - Letter relates to the Company's Biologics License Application (BLA) requesting the approval of raxibacumab for use in the treatment of inhalational anthrax. The FDA issues Complete Response Letters to request additional information needed to complete the review of a BLA.
[08:55] {Threei} - Exec: "We have responded to all of FDAs previous questions. We plan to address the current questions as well. In certain respects, the Complete Response Letter appears to be inconsistent with the FDAs published final rule governing the development of new drugs when human efficacy studies are not ethical or feasible."
[08:56] {Les} big rubber stamp marked "DENIED" hey...
[09:01] {fernp} good morning everybody
[09:01] {Threei} fern :)
[09:07] {nemo} Hola fern
[09:10] {fernp} hello nemo
[09:12] {ese} Eschew all...
[09:12] {Threei} bless you ese
[09:12] {ese} sounds like a sneeze
[09:12] {ese} you read my mind vad
[09:13] {ese} thats scary
[09:13] {Threei} lol
[09:13] {Threei} which reminded me recent russian joke
[09:13] {ese} go for it
[09:13] {Threei} Winnie the pooh and Piglet come to the bank,
[09:14] {Threei} Wnnie yells: nobody move, this is robbery!
[09:14] {Threei} Guards start laughing saying: you don't even have weapon, moron
[09:14] {Threei} He turns to Pihlet and barks order:
[09:14] {Threei} Swine! Sneeze!
[09:15] {magoo} morning
[09:15] {Threei} mags :)
[09:15] {ese} oh thats bad!......morning mags
[09:15] {Threei} it is but most russian jokes are
[09:16] {magoo} whats on the watch?
[09:16] {nemo} magus :)
[09:16] {nemo} mickey mouse
[09:16] {Threei} nothing much so far, typical Monday morning
[09:16] {nemo} dude :)
[09:17] {ese} dude
[09:18] {magoo} duuuuuuuuude
[09:19] {lasertrev} gm
[09:19] {Threei} trev
[09:19] {nemo} laser dude
[09:20] {strider} morning, everyone.
[09:20] {nemo} dunedin
[09:20] {ese} asml......500k so far
[09:20] {lasertrev} nemo, vad
[09:20] {ese} up .56 positive comment fro jp Morgan
[09:20] {nemo} hey strider...I haven't made any mistakes yet this morning :)
[09:20] {Threei} strider :)
[09:20] {nemo} Then again, I haven't done anythin either :(
[09:21] {strider} Good. Don't do anything, nemo.
[09:21] {strider} 3i:)
[09:21] {nemo} o.k.
[09:21] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {dino} ady, pwrd, frp
[09:21] {nemo} dono :)
[09:21] {dino} fro i mean
[09:25] {Threei} isn't it amazing that market still has it in it to climb ever further
[09:25] {BillyD} yeah
[09:25] {dino} nah
[09:25] {dino} to lny
[09:25] {Les} show me the volume...
[09:25] {dino} talking to myself already
[09:25] {nemo} where else you gonna' put your money? bonds? real estate?
[09:26] {patience} if you keep printing money for the benefit of the big banks, don't be surprised they gamble with it
[09:27] {cosmo} its human nature, of course
[09:27] {Threei} too deep
[09:27] {Threei} it's monday morning
[09:28] {BillyD} lol...keeping an eye on NABI
[09:28] {cosmo} well it has been up to now ...sigh...forget it...
[09:28] {Les} was wondering if Greek merchants speculated on olive harvests in their day? how long have we been speculating for?
[09:29] {Les} i.e., ancient greece
[09:29] {nemo} probably since they invented prostitution
[09:29] {Threei} Nabi Biopharmaceuticals Signs exclusive worldwide option and licensing agreement for NicVAX with Glaxo
[09:29] {Threei} - Announced an exclusive worldwide option and licensing agreement for a nicotine conjugate candidate vaccine, an investigational vaccine for the treatment of nicotine addiction and the prevention of smoking relapse, as well as for the development of a second generation nicotine vaccine.
[09:29] {Threei} - Under the terms of the agreement GSK will pay to Nabi an upfront non-refundable fee of $40M at closing and will receive an option to exclusively in-license NicVAX on a worldwide basis and a license to develop follow-on next-generation nicotine vaccines using Nabi''s intellectual property.
[09:31] {magoo} NLST again
[09:31] {magoo} ripping
[09:31] {Threei} 4.50 with its monstrous offer on NABI, something to watch for later
[09:31] {magoo} 5.50 u mean?
[09:32] {Threei} ??
[09:32] {Les} RIMM falling fast
[09:32] {Threei} NLST:
[09:32] {Threei} Netlist Inc. Update: demonstrates HyperCloud Memory Modules at Supercomputing 09
[09:32] {Threei} - Demonstrated the world's first 16GB 2 virtual rank (vRank) double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud(TM).
[09:32] {Threei} - Netlist will also showcase the interoperability of HyperCloud memory with standard JEDEC server memory solutions on popular enterprise servers. This demonstration reinforces HyperCloud's ability to function as a standard RDIMM while increasing memory bandwidth and capacity for datacenter servers.
[09:32] {Threei} **Reminder: On Nov 11 Company said it launched HyperCloud memory module for servers, the world''s first 16GB, 2 virtual rank (vRank) memory module for servers.
[09:32] {magoo} NLST
[09:32] {Threei} [09:31] {Threei} 4.50 with its monstrous offer on NABI, something to watch for later
[09:32] {Threei} [09:31] {magoo} 5.50 u mean?
[09:33] {magoo} well NLST just went a point
[09:34] {Threei} Long Setup: NABI .50 break half lot
[09:36] {BillyD} want it to hold .35
[09:37] {magoo} rimm bounce time
[09:37] {Threei} Long Setup: RIMM .50 break half lot
[09:37] {Threei} if stays above .30
[09:38] {Threei} invalidated
[09:38] {magoo} lets follow it vad
[09:39] {magoo} in .40
[09:39] {Threei} reestablished
[09:39] {fernp} what is the stop in NABI if triggers, Vad?
[09:40] {Threei} if from here, .35
[09:40] {Threei} but invalidating level is .30 for now
[09:40] {ese} out egle .81 +.30 out exm ,90 +.18 both 20k swing positions from last week
[09:40] {Threei} RIMM, take profit
[09:40] {fernp} thanks
[09:40] {Threei} wtg ese
[09:40] {ese} tks
[09:42] {dino} ibkc
[09:43] {nemo} aapl is very lively this morning
[09:46] {dino} gj es
[09:46] {ese} tks dino......great way to start the week
[09:47] {Les} traders jumping on RINO
[09:48] {Threei} Long Setup: APOL .50 half lot
[09:48] {ese} apol up 3.50 as well dino
[09:48] {Threei} if stays above .30
[09:48] {ese} vad your reading my mind again......
[09:49] {Threei} MTXX Hearing strength being attributed to analyst speculation for possible divestiture of certain products (4.12, +0.33, 8.71%)
[09:49] {magoo} in apol
[09:49] {ese} damn....thats not fair apol
[09:50] {Threei} APOL 1:1
[09:50] {fernp} ty Vad
[09:50] {ese} i didn't make it in
[09:50] {ese} nice one vad
[09:50] {ese} is pullback legit here
[09:50] {fernp} dino, have you seen PARD? big gap down
[09:51] {magoo} wow
[09:51] {Threei} moves faster than I manage to answer ese
[09:51] {dino} no, thx
[09:51] {fernp} :)
[09:51] {Les} ty vad. out apol
[09:51] {Threei} welcome guys
[09:51] {Threei} NABI invalidated
[09:52] {ese} ya....was just gonna do it looked away for a second and it was gone again
[09:52] {magoo} waiting over 58 here
[09:53] {Les} RINO vad, consolidation?
[09:54] {Threei} 1:2 APOL
[09:54] {Threei} I am out in full
[09:54] {Threei} I don't see anything tradeable in RINO
[09:54] {Les} ok
[09:55] {BillyD} Vad, any read BCRX
[09:55] {magoo} out here .17 TY vad
[09:56] {magoo} 58.17
[09:56] {Threei} wtg
[09:57] {Threei} BCRX looks interesting on .40 break
[09:57] {magoo} keeps on trockin
[09:57] {Les} STP sitting smack on 50 MA on daily as resistance.
[09:57] {nemo} aapl pull back
[09:57] {dino} cedc hl l .65, stop lod
[09:59] {dino} no good stopped
[09:59] {Threei} Long Setup: BCRX .40 break if stays above .30
[10:00] {dino} shaw hl l .50 lod stop
[10:00] {Threei} US) SEPT BUSINESS INVENTORIES: -0.4% V -0.7%E
[10:02] {magoo} vad, another setup maybe APOL coming
[10:04] {ese} un predicable from here mags imo......mid day consolidation is better time
[10:04] {Threei} I've no read on it here
[10:05] {nemo} big bid .31 bcrx
[10:05] {Les} HGSI breaking new lows
[10:06] {Threei} HGSI 18 break was cleah short signal... too bad I haven't watched it at the time
[10:06] {Threei} 28, sorry
[10:06] {nemo} put the bottle down vad
[10:07] {Les} ok. remember difficulty trying to explain whether stock was breaking support or resistance, so I eschewed comments today
[10:07] {dino} cedc last try .44 hl l
[10:07] {dino} ibkc taunting me
[10:08] {Threei} what's so difficult Les... support is lower envelop o the range, resistance is higher one... that's all there is to it :)
[10:08] {dino} that cold of yours is bad
[10:10] {Les} so HGSI having broken resistance and yet fallen back through, we say that resistance is respected?
[10:10] {dino} 10500 strike in play
[10:11] {Threei} HGSI formed support at 28 from 9:51 to 9.58
[10:11] {Threei} then broke support
[10:11] {Threei} which served as short trigger to which I referred
[10:11] {nemo} maybe modify bcrx to .34 break?
[10:11] {Les} ty
[10:12] {Threei} I am just not sure it has any life in it nemo
[10:12] {nemo} yeah, market moving it not
[10:12] {Threei} easy to get stuck in immobile stock
[10:12] {nemo} so...just when we take our eye off of it
[10:12] {Threei} Long Setup: RIMM .70
[10:13] {dino} pwrd drop
[10:13] {ese} market slowing dn.....most things i'm lookin at are double top......
[10:14] {dino} cedc stopped
[10:15] {strider} RIMM still valid}?
[10:15] {Threei} Short Setup: RIMM .50 breakj
[10:15] {Threei} if stays below .60
[10:16] {Threei} not on a long side strider
[10:17] {strider} yeah...short call answered my question:)
[10:17] {nemo} don't you hate that
[10:17] {Les} STP broke thru resistance
[10:18] {Threei} RIMM won't be a scalp for me if triggers
[10:20] {nemo} you kick the plug vad?
[10:22] {dino} sva
[10:23] {BillyD} RIMM still valid
[10:23] {fernp} invalidate RIMM or still valid?
[10:23] {Threei} with .65 stop, valid
[10:23] {fernp} ok
[10:25] {ese} vad....apol.....making another move toward .50
[10:26] {dino} pwrd bit wild up/down
[10:26] {dino} cric drop
[10:27] {Threei} I don't have a read on it here ese
[10:27] {ese} tks
[10:28] {dino} lny spike
[10:28] {Threei} NLST sharp selloff
[10:28] {Threei} die already RIMM, will ya
[10:28] {nemo} aig interesting
[10:30] {ese} yes it is.....I have a 500 shs sell stop at 33 on aig
[10:31] {ese} i don't know if it's gonna get there or not......could go either way from here
[10:31] {ese} seems to be a consolidation of sorts 35 to 40
[10:32] {fernp} out RIMM .40 TY Vad
[10:33] {Threei} RIMM 1:1, covering half
[10:33] {Les} out in full ty vad
[10:33] {Threei} darn scalpers
[10:33] {BillyD} out here ty
[10:34] {Threei} welcome guys
[10:34] {Threei} my stop for second half is .55
[10:34] {ilana} RIMM support .24?
[10:34] {Threei} .35 area is nearest one so far
[10:34] {Threei} then .20
[10:36] {Threei} Les, this play is that same concept of support breakdown... hope it becomes clearer
[10:37] {Les} I have no difficulty visualising b/o and b/d on ticker. Speaking the lingo is my problem...
[10:38] {Les} I can see what the ticker wants to do, but sound like a clutz when I try to talk about it...
[10:38] {Threei} easy... support is floor, resistance is ceiling
[10:38] {Les} ok. parent teacher meeting in 20. later...
[10:38] {Threei} if you break through the floor, you fall down
[10:38] {dino} hammer and ice theory
[10:39] {Les} your earlier explanation of resistance/support made understanding easier. cheers.
[10:40] {nemo} is rimm looking long now?
[10:40] {strider} EMR
[10:41] {nemo} yeah, I guess it was
[10:41] {Threei} out balance
[10:41] {Threei} why do scalpers win almost every time?
[10:41] {ese} l fitb .10
[10:41] {magoo} i was gonna remind u
[10:41] {BillyD} lol
[10:42] {Threei} to answer your question in a very timely manner nemo: yes
[10:43] {BillyD} TCTS signs of loife
[10:43] {BillyD} TSTC and possible continuation
[10:44] {magoo} loife?
[10:45] {nemo} sponge?
[10:45] {BillyD} brutalized sentence
[10:45] {nemo} threeish
[10:45] {BillyD} been watching Vad's spelling too long
[10:45] {Threei} sorry
[10:45] {dino} shaw to .72
[10:45] {Threei} I know it's contagious
[10:46] {Threei} almost like sneezing swine
[10:46] {magoo} amazed how i remain unaffected by him
06[10:46] * Threei faints
[10:47] {nemo} well, you were well ahead of him in the first place
[10:47] {magoo} nice
[10:47] {nemo} sorry...have to defend vad
[10:48] {magoo} well thats a big BIG change
[10:48] {nemo} yeah...must have a fever
[10:48] {Threei} Long Setup: INFY .80 break
[10:49] {Threei} if stays abiove .70
[10:54] {magoo} in
[10:54] {Threei} OSIP Tarceva to Be Reviewed by the FDA''s Oncologic Drugs Advisory Committee for Use as a First-Line Maintenance Therapy in Advanced Non-Small Cell Lung Cancer (34.30, +0.07, 0.20%)
[10:56] {fernp} TY Vad
[10:56] {BillyD} out ty
[10:56] {Threei} OK, I am out in full
[10:56] {ese} l fitb avg .1072
[10:57] {Threei} I give up, scalper in me wins
[10:57] {fernp} lol
[10:58] {Threei} what er we, 4 for 4?
[10:58] {Threei} are
[10:59] {fernp} yes
[10:59] {dino} out shaw +.25
[10:59] {Threei} not bad for Monday
[10:59] {nemo} Don't bother asking
[10:59] {magoo} whats the most we got though?as in all 1 o 1 or 2?
[10:59] {fernp} lately Mondays are good days
[11:00] {nemo} one 1:2
[11:00] {Threei} 1:2 on APOL for me
[11:00] {strider} ese, what are you looking for from FITB?
[11:00] {nemo} or 1:3 depending on how you played apol
[11:00] {Threei} you got more out of it though
[11:02] {dino} pwrd hl l .30, stop .98
[11:03] {ese} hey ST about 5/6/7 cents
[11:03] {strider} thanks. I figgured.
[11:06] {ese} hadn't figured on the s&p flat lining though this is taking a little longer than i thought
[11:06] {BillyD} RIMM short opp
[11:09] {ilana} too late for rimm, isn't it
[11:09] {ese} daaaaaaaaa
[11:09] {Threei} a bit, yeah
[11:09] {Threei} .50 break was the trigger again
[11:10] {Threei} the same as first time
[11:11] {Threei} Short Setup: CAT .85 break
[11:11] {Threei} if stays below .95 for scalpers
[11:11] {Threei} 60 for day traders
[11:12] {Threei} been a while since we played this one... let's see if it became tradeable again
[11:12] {Threei} setup with stop tight enoug