Dec 30 2009

Due to excessive fooling around, even though fun, group decided not to publish today's log. Suffice to say, two momo movers SEED and ICXT was all we found worthy to trade today. Charts are self-explanatory.

Dec 29 2009

Volume is half of average again. What we found mostly worked but finding something is a challenge.

Session Time: Tue Dec 29 00:00:00 2009

[07:38] {Threei} 7:00:31 AM

[07:38] {Threei} VIVUS, Inc Submits Qnexa(R) new drug application to FDA for treatment of obesity

[07:38] {Threei} - Submitted new drug application to the FDA seeking approval of Qnexa, its investigational drug for the treatment of obesity, including weight loss and maintenance of weight loss, in patients who are obese or overweight with co-morbidities such as hypertension, type 2 diabetes, dyslipidemia or central adiposity.

[08:11] {Threei} BofA/Merrill Lynch cutting Q4 EPS est to $5.74 from $6.57 (prior); Cuts MS Q4 EPS est to $0.40 from $0.47 (prior)

[08:11] {Threei} - Firm is cutting JPM Q4 EPS est to $0.68 from $0.71

[08:11] {Threei} - Firm maintains C Q4 EPS est $0.36

[08:35] {ese} good morning

[08:35] {Threei} ese :)

[08:35] {nemo} dude

[08:35] {ese} dude....vad

[08:37] {strider} morning.

[08:37] {ese} st

[08:37] {Threei} strider :)

[08:37] {strider} hey there.

[08:37] {strider} how are you handling CGEN?

[08:38] {strider} iow, are you still holding?

[08:38] {Threei} dumped in 30s when it climbed there just before 8

[08:38] {Threei} kind of: got my gap, but since bought a bit too early it didn't do me much good

[08:39] {Threei} if I were smart, I'd took b/e stop on second lot yesterday and rebought right into close

[08:39] {Threei} which would have worked perfectly

[08:58] {Les} .

[08:59] {magoo} morning

[08:59] {Threei} good point

[08:59] {Threei} mags

[08:59] {magoo} surprised CGEN neg

[08:59] {Les} hi. connection problems with IB

[08:59] {Threei} went to .35 earlier

[09:00] {magoo} u flippij it?

[09:00] {Threei} still... not as much enthusiasm as it desewrved

[09:00] {Threei} will keep an eye on it throughout the day

[09:00] {Threei} may get some spark

[09:00] {magoo} agree

[09:00] {Threei} *OCT S&P/CASE-SHILLER HOME PRICE INDEX: 146.58 V 147E; COMPOSITE-20 INDEX (Y/Y): -7.28% V -7.2%E

[09:01] {Threei} in holiday's trading traders often are looking for some name to try and run

[09:10] {dino} gm all

[09:10] {dino} had a livermoore moment, out aixg .925 ave, +.875

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:11] {ese} nice way to start the day there dino

[09:12] {Threei} let's also keep an eyer on VVUS

[09:12] {Threei} submitted FDA application for its obesity drug

[09:12] {Threei} which was louded to be a solution to all humanity ills

[09:13] {Threei} well, most of them

[09:13] {ese} man.....try exercise for crying out loud

[09:13] {Threei} traded at 10.20 earlier

[09:14] {Threei} exercise is not really an option if one's butt sprouted roots in one's couch, ese

[09:14] {Threei} and that can be said about significant part of population

[09:14] {Threei} so... that's where VVUS comes in :)

[09:15] {nemo} yeah, natural selection doesn't apply to humanity

[09:15] {nemo} Devo was right

[09:15] {Threei} not with all the achievemnt of modern dug uindustry

[09:15] {Threei} drug

[09:15] {nemo} war had more to do with it

[09:15] {dino} thx es, got lucky

[09:15] {nemo} the healthiest males were conscripted

[09:15] {nemo} that left the weak ones behind to breed

[09:15] {Les} I for one would welcome masseuse robot. I

[09:16] {nemo} they'll never be any good Les

[09:16] {dino} me too

[09:16] {Les} while sitting in chair 8 hours straight

[09:16] {Les} why not? I have vacuum robot. does a decent job...

[09:17] {nemo} massage is not only a technical discipline, but one of sensitivity

[09:17] {Threei} you mean vacuuming requires no sensitivity?

[09:17] {nemo} you can go to a technically trained masseuse/masseur, but if they don't have the hands for it, they suck

[09:18] {Les} so japanese companies should get busy making sensitive robots!

[09:18] {dino} set for 6th gap up day in row, only 4th time in s/p history

[09:18] {Les} make me a sensitive wife while you are at it.

[09:18] {nemo} depends on what it's sucking up Vad.

[09:18] {fernp} Good morning everybody

[09:18] {Threei} fern :)

[09:18] {dino} happy ending, lol

[09:18] {Les} fern

[09:18] {nemo} that's a skill too, dino

[09:19] {ese} speaking of exercise...i left early yesterday because i had a tee off time at the private golf club(Uplands GC) beside patience's place....when i got to the 17th tee over looking the Landsdown slope....i'd thought about taking my 4 iron and lobbing a golf ball into her back yard........fabulous view from up there......

[09:19] {dino} roflol

[09:20] {dino} while i sit in 10 degree f snowy conditions

[09:20] {patience} ihave a supply of gold balls in the garage....don't know why i collect them :)

[09:20] {patience} golf

[09:20] {patience} wish they were gold

[09:20] {Les} well at least you didn't think of putting it through her bathroom window

[09:21] {ese} would have been a thing of beauty watching my Titlelist pro v1x golf ball sail through the air and land in her back yard

[09:21] {patience} and you would have got it back if you braved the puppy

[09:22] {ese} ahhhhhhhh morning patience.........thought that episode would get your attention........you should be a member at Uplands

[09:23] {patience} great uncle founded it.....does that count?

[09:23] {ese} then i could golf there for less money with you

[09:23] {ese} really?..........wow

[09:27] {ese} http://www.uplandsgolfclub.org/ ..........you can take a tour of the golf course

[09:28] {Les} VVUS looking close to b/o?

[09:29] {Threei} as much as premarket can be indicative

[09:29] {Threei} which is to say, not that much

[09:29] {nemo} especially this week

[09:30] {Threei} true... we seriously luck players

[09:30] {Les} k

[09:30] {Threei} 50% volume...

[09:30] {nemo} crissakes aig is trading by appointment

[09:30] {Threei} yeah, quite amazing to see

[09:31] {nemo} amzn puts on a buck in less than a minute

[09:32] {strider} VVUS still .15 range

[09:32] {fernp} remember my AEOs? selling the gap +.24

[09:32] {Threei} wtg

[09:32] {fernp} ty

[09:33] {nemo} stec been strong lately

[09:33] {dino} lol,lucky out fsys ave .48, +.48

[09:33] {Threei} barely managed to type Rimm .40

[09:33] {Threei} and darn thing was above .50 already

[09:33] {nemo} need skype vad

[09:34] {Threei} AONE

[09:34] {Threei} no news that I see

[09:34] {Les} damn fcx just kicked the bucket

[09:35] {fernp} no news here AONE

[09:37] {fernp} FRE and FNM traded w/unusual volume yesterday fwiw

[09:38] {Les} GLD fell of a cliff. FCX is likely to follow. .35 b/d if further consolidation occurs vad?

[09:38] {nemo} they are going to begin massive reworks of mortgages

[09:38] {Les} too late

[09:38] {nemo} might bounce at .16 Les

[09:38] {Threei} not a very good setup anyway

[09:38] {nemo} or slightly above .20

[09:39] {dino} govt unlimited backing of fnm, fre for 3 years. removed the 200b cap

[09:40] {Threei} US Economist Case: Housing showing signs of life (related XHB )

[09:41] {Threei} Spot gold sprice action softer on option relation flows; tests $1,100/oz - traders

[09:41] {nemo} price improvement only 11 of 20 metropolitan areas

[09:43] {Threei} Long Setup: RIMM .30 break

[09:43] {Threei} if holding asbove .20

[09:43] {Threei} uhhu

[09:43] {nemo} not my cup of tee but amzn might be a short

[09:43] {Threei} what's with CHKP

[09:43] {nemo} cold weather

[09:44] {magoo} aone

[09:45] {fernp} CAT at the level we shorted yest

[09:46] {strider} RIMM still valid?

[09:46] {fernp} and HIG at 24

[09:46] {Threei} kidding?

[09:47] {nemo} fcx

[09:47] {strider} it eas below .20 when I first saw it.

[09:47] {strider} didn't understand

[09:47] {Threei} Long Setup: CHKP .50

[09:47] {Threei} stop under .40

[09:48] {magoo} in

[09:50] {magoo} man AIG pummeled

[09:51] {Threei} thought of AONE at .15, then decided it was too much even for magoo

[09:51] {magoo} never think that

[09:51] {Threei} I won't

[09:51] {Threei} now, where is that GOOG

[09:51] {magoo} instead, warn me off chkp

[09:52] {nemo} joyg

[09:52] {Threei} Long Setup: RIMM .10

[09:52] {Threei} if holding above 68

[09:53] {Threei} double bottom agressive entry

[09:53] {magoo} i

[09:53] {magoo} in

[09:53] {dino} gpre last couple days?

[09:55] {Threei} no news dino

[09:55] {dino} not here either

[09:55] {Threei} (US) Preview: Dec Consumer Confidence due out at 10:00ET

[09:55] {Threei} **consensus expectation: 53.0e v 49.5 prior (most estimates range between 50 to 55).

[09:55] {Threei} **Note: Confidence was last above the 50 level back in Sept.

[09:56] {Threei} let's tighten CHKP to under .45

[09:56] {magoo} im out

[09:56] {magoo} - .01

[09:56] {magoo} tight stop

[09:56] {ese} can i get your 2 cents on HIG vad

[09:56] {Threei} I'll say

[09:56] {magoo} ah, loses .50 not interested

[09:57] {fernp} NANO rumor

[09:58] {dino} meli drop

[09:58] {Threei} numbers in 2

[09:59] {Threei} RIMM 1:1

[09:59] {Threei} have you ever seen this stock taking this long to move 10 cents?

[10:00] {Threei} *(US) DEC CONSUMER CONFIDENCE: 52.9 V 53E

[10:00] {Threei} - prior revised from 49.5 to 50.6

[10:00] {Threei} **Conference Board:

[10:00] {Threei} - Jobs hard-to-get ind...more... (related SPY SHY EUR/USD RTH )

[10:00] {nemo} yesterday

[10:00] {nemo} wow, what a beat

[10:00] {nemo} cough

[10:01] {Les} lucky. out RIMM +.13. Thought it was going to crap itself on numbers release

[10:01] {Les} ty vad

[10:01] {dino} gj

[10:01] {ese} no reaction from market

[10:02] {nemo} it basically met expectations

[10:04] {Les} FCX might be consolidating for an eventual .30 b/d

[10:05] {nemo} cat too

[10:05] {fernp} SOLR too

[10:05] {Threei} Short Setup: CAT .60 break

[10:07] {nemo} might want to partial at yesterday's close

[10:07] {fernp} stop is .70 , no?

[10:08] {Threei} depends on what you want from life

[10:08] {Threei} 3 levels, all 3 are valid

[10:08] {Threei} .65 for extreme scallpers, I am not too fond of this level pes\rsonally

[10:08] {Threei} .70 and .75 make more sense

[10:09] {fernp} ty

[10:09] {Threei} FCX suddenly decided life is not over

[10:10] {Threei} SGMO Strength attributed to NY Times science article published 12/28 being circulated which discusses SGMO technology for editing DNA strands (5.47, +0.31, 6.01%)

[10:10] {magoo} aone

[10:11] {nemo} fcx probably goes to .40

[10:12] {fernp} WMT, Vad?

[10:12] {Threei} nah

[10:12] {fernp} k

[10:12] {Threei} narrow as my perspectives to run for public office in Guatemala

[10:13] {Les} GLD reversing off 200 ma

[10:14] {dino} ipsu

[10:17] {Threei} volume shapes up right on CAT

[10:18] {Threei} just needs little market help

[10:18] {ese} dino ...you watching aixg per chance

[10:18] {Threei} isn't it amazing - stocks we could barely keep up with, like RIMM, CAT etc, have hard time moving 10 cents these holiday days

[10:19] {Threei} larisa was so right making it a vacation... and privately calling me stupid for not dpoing the same

[10:19] {Les} am enjoying tightening up my game with few plays available.

[10:20] {nemo} fcx may be setting up a short if stays under .15, trigger break of .05

[10:20] {dino} fds sm l .90 thin

06[10:20] * Threei sends CAT an envelope with black mark

[10:21] {nemo} fcx 1:1

[10:22] {nemo} stopped

[10:22] {Threei} nemo makes my eyes water

[10:23] {Les} what's your take on CAT Vad? scalp only?

[10:23] {Threei} mosdt likely...

[10:23] {Threei} setup is good,

[10:23] {Threei} it's just that today not much looks like anything worth more than a scalp

[10:24] {Threei} and no nemo, I am not comparing you to onion

[10:24] {Threei} it's tears of pride and happiness

[10:25] {Threei} (and dubious sense of humore of course but then again, you knew that)

[10:25] {fernp} Guatemala is waiting your arrival, Vad WMT hit 1:2

[10:25] {Threei} lol

[10:25] {nemo} naturally, anyway, this is yesterday's close on cat, careful

[10:25] {Threei} I honetly didn't believe it could move that much that fast fern

[10:26] {nemo} fcx setting up a switch hitter

[10:26] {Threei} CAT 1:1, for all practical intents and purposes

[10:27] {Les} ok. out at .51

[10:27] {fernp} out CAT ty

[10:27] {Threei} sure

[10:27] {Threei} bread crumbs

[10:27] {Les} talk about scrappy fighting for a measly ten cents

[10:27] {nemo} Gawd...I wonder what lunchtime will be like?

[10:27] {Threei} the same, only fighting for 3 cents {G}

[10:28] {Threei} but come on guys

[10:28] {magoo} depends what u eat lol

[10:28] {Threei} it is what it is

[10:28] {Threei} safe, calm, slow

[10:28] {dino} noodle soup

[10:28] {Threei} made something - good, no matter what it is

[10:28] {Threei} lol magoo

[10:28] {Les} fcx b/d .90?

[10:29] {Threei} stop would have to be .05

[10:29] {nemo} no setup yet Les, it's doing a fandance

[10:29] {Les} fandance?

[10:29] {nemo} tease

[10:30] {nemo} fandancers were from the burlesque era. The fans were opaque, and the women without clothes

[10:30] {nemo} fcx is teasing

[10:30] {Threei} ok nemo

[10:30] {Threei} you are coming to Bahamas

[10:31] {nemo} o

[10:31] {nemo} no

[10:31] {nemo} unfortunately

[10:31] {Threei} yes

[10:31] {nemo} I understand your concern

[10:31] {Threei} your depth and more importantly direction of knowledge makes you a necessary part of it

[10:32] {dino} pwrd gap fill from wed close

[10:35] {Threei} CAT 1:1 for the widest stop

[10:35] {fernp} we talked yest about sado and you weren't here Nemo

[10:35] {fernp} we missed you

[10:35] {ese} if aig puts in triple bottom here on 1 min ch ....i'm going long

[10:35] {nemo} about what fern?

[10:36] {Threei} mazo

[10:36] {ese} he can go long too

[10:36] {nemo} SFD! got shaken out of FCX short by .02 cents!

[10:37] {Threei} how?

[10:38] {Threei} it never went over .05

[10:38] {nemo} yeah, it did

[10:38] {ese} aig invalidated.....like everthing else today

[10:38] {dino} argn

[10:38] {nemo} after 1:1 it hit .08

[10:39] {Threei} I am talking asbout setup les suggested

[10:39] {Threei} .90 short

[10:39] {Threei} .05 resistance for stop placement

[10:39] {nemo} oh, I was talking about my previous short

[10:39] {Threei} I see

[10:40] {Threei} you took it Les?

[10:40] {Les} saw it coming at 10:34, but was needed elsewhere

[10:40] {nemo} RIMM 68 break, stop under .90

[10:43] {dino} meli sm l .50, gapped thro bid

[10:44] {Les} damn. fighting for scraps in CAT and then it tanks. go figure.

[10:44] {dino} .51

[10:45] {dino} stop is .18 fwiw

[10:45] {dino} argn strange

[10:47] {Les} GLD 108 b/d?

[10:47] {Les} .20 stop?

[10:47] {Threei} totally

[10:47] {Threei} .10 stop is possible too

[10:48] {Threei} more chances of being hit, smaller loss

[10:48] {Threei} tradeoff

[10:48] {nemo} crissakes it's only 10:50

[10:49] {Threei} but feels like life is almost over?

[10:49] {dino} meli stopped -.32

[10:50] {Les} took it for .10 ty

[10:50] {fernp} good read Les

[10:50] {Threei} 1:1

[10:50] {Threei} things start clicking Les?

[10:50] {Les} aggressive entry .03

[10:50] {magoo} trev, DCC when u get a sec

[10:51] {Les} yes. often slightly negative in money. but point wise daily trading is improving.

[10:51] {dino} wtg

[10:52] {Threei} that;s the way it progresses

[10:52] {Threei} monetary part will come

[10:52] {Les} yeh remember you writing that

[10:53] {dino} vad wries?

[10:53] {dino} writes?

[10:53] {Threei} someone reads??

[10:53] {nemo} stop rimm

[10:55] {dino} darn meli

[10:55] {dino} pwrd sm l .65

[10:55] {Les} my sister reads. Gave her MPP. apparently it matches the colour of her coffee table

[10:57] {nemo} fdx has been a steady grind upward

[11:01] {dino} argn hl l .23

[11:03] {fernp} SBUX downgraded

[11:06] {nemo} anybody for amzn short break .20

[11:06] {nemo} stop .40?

[11:07] {nemo} of course, this one could actually go the reverse also

[11:07] {Les} Vad, CAT two way break ok with you?

[11:07] {Les} .25 b/d and .35 b/o?

[11:08] {Threei} can't tell really

[11:08] {Threei} as we near lunch tiome, it may just as well stay locked

[11:08] {nemo} yeah, does lunchtime become expanded

[11:08] {Les} ah ok

[11:08] {Les} well I've been invited for drinks, so I might call it a day.

[11:09] {Les} night all.

[11:09] {nemo} amzn slightly broke the stop on the short and then triggered

[11:09] {nemo} treachorous waters

[11:09] {Threei} take care Les

[11:09] {dino} cya les

[11:09] {nemo} drink more les

[11:09] {fernp} bye les

[11:10] {dino} abax

[11:11] {fernp} AIG interesting if breaks lod

[11:12] {Raven} drink more les ... hmmmm

[11:12] {nemo} like that one Raven :)?

[11:12] {dino} les is more

[11:12] {ese} hmmmmm your all still here........i actually dozed off......anything new

[11:12] {Raven} it has a certain appeal ...

[11:13] {dino} nada es

[11:13] {dino} ipsu breakdown in making possibly

[11:15] {ese} wheres Les going for drinks.....lets join him

[11:16] {dino} bit early

[11:17] {nemo} more so for ese than us dino

[11:18] {dino} yes, but still.....

[11:18] {ese} 8:18 am here..........no time like the present.....still christmas holidays for vad patience and me

[11:18] {nemo} it's all relative and we're not talking strider's dates

[11:19] {dino} roflol

[11:19] {dino} zinger

[11:19] {nemo} yep

[11:19] {nemo} he must not be paying attention

[11:20] {fernp} lol

[11:20] {dino} on his waybto your house

[11:20] {nemo} that's a 16 hour drive

[11:22] {nemo} that's funny, aig bounced off a support line, and I can't remember why I drew it there

[11:23] {Threei} because you had a crayon?

[11:23] {nemo} nope

[11:24] {dino} argn to flat

[11:25] {nemo} gld at support

[11:26] {nemo} or bounced at .45

[11:26] {ese} L bstop cbak .51 rumors re goog's smart phone....gonna supply the batteries

[11:27] {dino} pwrd stuck, stop to .58

[11:29] {patience} .

[11:29] {dino} ar(o)gn, tear down that .39 wall

[11:30] {dino} watched lord of the rings over weekend, can you tell

[11:30] {nemo} all three?

[11:30] {dino} yes, over 3 nights

[11:31] {nemo} Jackson did such a great job

[11:31] {dino} good flicks

[11:33] {dino} argn to .39

[11:35] {dino} to .44

[11:35] {dino} stingy

[11:37] {dino} to .47

[11:38] {ese} zzzzzzzzzzzzzz98lkjlk gafkakakaaaaaaaaaa....zzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {dino} out .49, +.26

06[11:38] * Threei wears his decoder ring

[11:39] {dino} pwrd stopped -.11 ave

[11:41] {dino} pot blood

[11:42] {Threei} if this holds true for most states, it could be political relief reshaping:

[11:42] {Threei} Health Care Vote Puts Nelson 30 Points Down in Reelection Bid

[11:43] {ese} whos Nelson?

[11:43] {nemo} senator

[11:43] {Threei} her isd Nebraska senator,

[11:44] {ese} Dem or Rep?

[11:44] {Threei} he made a deal to vote yes on current helath care deal

[11:44] {Threei} dem

[11:44] {nemo} pinko commie

[11:44] {ese} never understood the pinko part...............red yes but pinko?

[11:44] {dino} good, the plan is junk

[11:45] {nemo} Nebraska is a fairly conservative state, and they don't like shady deals

[11:45] {dino} slang

[11:46] {ese} for what?

[11:47] {dino} ladeeda, yadda, yadda

[11:47] {ese} ahhhhhhh

[11:47] {dino} making this stuff up for you

[11:48] {dino} kye drop, thin

[11:49] {fernp} CBG nice consolidation on hod

[11:49] {fernp} and daily not bad

[11:54] {ese} oh my god!!!!!! some excitement ......L cbak .517733

[11:54] {dino} nwpx

[11:55] {fernp} nothing moves

[11:55] {nemo} fern...watch fcx, forming tight range,

[11:56] {fernp} short or db? what do u think?

[11:56] {nemo} volume looks like a long

[11:56] {fernp} yeah

[11:57] {nemo} and .16 was pivot

[11:57] {nemo} lunchtime

[12:00] {ese} now see what rumors can do......

[12:01] {ese} if this can just make it to 3...........hmmmmmmmm

[12:09] {fernp} CBAK 3 today?

[12:10] {Threei} rumor...

[12:10] {Threei} CBAK Strength attributed to rumor CBAK battery product could be used in a Google smart phone model due out in 2010

[12:10] {ese} wishfull thinking

[12:13] {strider} FCX

[12:13] {nemo} should bounce around here

[12:15] {magoo} any read STEC vad?

[12:16] {Threei} short if anything... but more like 50/50 here

[12:16] {ese} stop for cbak is .49721 by the way

[12:16] {dino} sm l nwpx .52 wide, gappy

[12:17] {magoo} AWIA?

[12:17] {nemo} coma

[12:18] {ese} all the cbak employees just getting off for lunch right here.....need to capitolize on insider rumors

[12:19] {ese} everyone rushing to there brokers..........

[12:24] {ese} out 1/2cbak 5k .60 +.08 balance to break even

[12:25] {ese} heres where vads genious takes over........this is free money

[12:26] {Threei} genius eh

[12:26] {Threei} yup, that would me

[12:26] {Threei} would be

[12:26] {Threei} I also am in running for the title of the most humble person of the year

[12:26] {ese} lol

[12:27] {Threei} and keep in mind,

[12:27] {Threei} I won the title of the most peaceful person of the year by killing all my nearest competitors

[12:27] {nemo} reminds me...have to change over magazines

[12:28] {Threei} nah, don't look for me in "those" magazines

[12:28] {nemo} that's not what I was referring to...

[12:28] {ese} am gonna exit ater .63 it's struggling at this level

[12:29] {Threei} here goes spike for you

[12:30] {ese} out in full cbak .66 +.14 on remaining 5k

[12:31] {dino} nice

[12:31] {ese} tks

[12:31] {ese} good things come to those who wait i guess

[12:32] {ese} by the way......i tried to get that most peaceful person award as well but couldn't get rid of enough neighbors

[12:32] {Threei} even better things come to those who wait for those who wait to get their good things, then jump out and take those things from them

[12:32] {ese} rotflol

[12:33] {Threei} can you tell I am bored out of my mind?

[12:33] {dino} think they are called politicians

[12:33] {Threei} lol

[12:33] {ese} ah huh!

[12:37] {Threei} FCEL Fuel cell firms trading higher, being attributed to article in Washington Times quoting FCEL exec stating the company is working "closely" with Congress to get subsidies for the industry in order to help boost US demand for the technology

[12:40] {fernp} ADBE interesting if breaks .25

[12:41] {nemo} there ya' go

[12:41] {nemo} vaya con adbe

[12:41] {fernp} vaya vaya

[12:43] {nemo} ahhh fern...careful

[12:43] {fernp} with?

[12:43] {nemo} adbe

[12:43] {fernp} ah

[12:44] {nemo} where's your stop

[12:44] {nemo} market picking u though

[12:44] {fernp} 1:1 is .30

[12:45] {fernp} out .31

[12:45] {nemo} nf

[12:46] {magoo} .

[12:50] {magoo} read RIMM vad?

[12:50] {Threei} I'd wait a bit,

[12:50] {fernp} CBG interesting too

[12:50] {Threei} let it move couple times between .60 and .75

[12:51] {magoo} read FCX?

[12:51] {Threei} then try to nail a break when/if market wakes up

[12:51] {Threei} most likely on a long side

[12:51] {Threei} FCX, not yet

[12:51] {Threei} in FCX, here is what I'd be lookjing for

[12:51] {Threei} dive to .35 - .40,

[12:52] {Threei} some consoidation,

[12:52] {Threei} then break of .50

[12:52] {Threei} for the move toward 82

[12:55] {Threei} see how it's forming?

[12:55] {Threei} double bottom scenario

[12:56] {Threei} only I don't want to enter on confirmation, it's way too high

[12:56] {Threei} so I want interim setup,

[12:56] {Threei} consolidation under .50

[12:56] {Threei} giveing me better trigger

[12:56] {Threei} -e

[12:57] {fernp} new low invalidate the play?

[12:57] {Threei} yes,

[12:57] {fernp} s

[12:57] {Threei} and may sderve as a short trigger

[12:57] {Threei} serve

[12:57] {Threei} darn new keyboard

[12:58] {Threei} I am just not too fond of shorting right now

[13:02] {ese} you thinkin this market has a ways to go yet vad?

[13:03] {Threei} weho knows

[13:04] {Threei} Market Internals update at 12:00pmET

[13:04] {Threei} - NYSE volume 230M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.

[13:04] {Threei} - NASDAQ volume 495M shares, about 47% below its three-month average; decliners lead advancers by 1.1:1.

[13:04] {Threei} volume is about the same as yesterday

[13:04] {Threei} which is to say non-existent

[13:04] {nemo} and the stats on A/D was exactly the opposite

[13:04] {Threei} vs yesterday?

[13:04] {nemo} yes...advancers to decliners were 1.1/1

[13:05] {Threei} so just measningless oscillations

[13:05] {Threei} or convulsions

[13:05] {nemo} by the way, sorry, was going to call amazon short at .80 but the stop was a bit big...notice the declinging highs from 11:10

[13:06] {Threei} speaking of FCX...

[13:06] {Threei} maybe starts looking better for short

[13:06] {nemo} goes to .55

[13:13] {Threei} how about this for random

[13:13] {nemo} well, fcx probably tests the close now

[13:13] {Threei} ruined long setup, then ruined short

[13:13] {nemo} funny, those volume increases into .40 were a long setup to me

[13:15] {magoo} truth be told..me too..took .37 long out .70

[13:15] {Threei} wtg

[13:15] {magoo} feels higher

[13:21] {fernp} LIWA

[13:24] {dino} spnc

[13:25] {Threei} hmm

[13:26] {Threei} two instances of families geting lost in the foirrest, GPS indicates service road,

[13:26] {Threei} they take it and get stuck in deep snow

[13:26] {Threei} no cell phone signal

[13:27] {Threei} I'd say Darwin in action

[13:27] {Threei} GPS combined with lack of common sense - that can be a deadly combination

[13:27] {strider} IT's very easy to get lost in such places.

[13:28] {Threei} would anyone with ounce of common sense turn to service road after heavy snowfaLL?

[13:29] {Threei} more than that,

[13:29] {Threei} you see two feet of snow ahwead of you,

[13:29] {Threei} no sign of road visible,

[13:29] {Threei} do you just continue driving staright ahead?

[13:29] {strider} I wasn't there.......don't know what they saw, or felt they had to do.

[13:29] {strider} or could do.

[13:30] {magoo} look vad..when i called u for help u said u'd keep this to ourselves

[13:30] {Threei} just ttok GPS's advice to save 40 miles by shortcut

[13:30] {Threei} yes mags but with us it was personal

[13:31] {Threei} that second famuly though...

[13:31] {Threei} I didn't program theior GPS, like I did yours

[13:32] {magoo} u just forgot to delete your phone number

[13:32] {Threei} yeah, unforgivable error

[13:38] {magoo} SPNC

[13:39] {Threei} 12:50:04 PM

[13:39] {Threei} Spectranetics Corp DoJ says SPNC to pay $4.9M in civil damages to resolve allegations related to its medical products

[13:39] {Threei} - In addition, the Company has agreed to a forfeiture of $100,000 in cash or property to be executed in the near future. There are no criminal charges against the Company.

[13:40] {dino} legalized extortion

[13:41] {Threei} yup

[13:41] {dino} if you pay us, no crime committed

[13:42] {Threei} GOOG Announces "Android Press Gathering" set for Jan 5 - NYT (619.90, -2.97, -0.48%) (related MOT VZ AAPL )

[13:42] {Threei} Nexus one is coming I guess

[13:50] {Les} back for one last trade.

[13:50] {Les} AWIAV?

[13:51] {nemo} no trading under the influence

[13:51] {Les} so call the police...

[13:52] {Les} get the shotgun ma, Les is trying to trade under the influence again!

[13:52] {nemo} what do you call them there, polizei or gendarme?

[13:52] {Les} police

[13:52] {nemo} english in switzerland?

[13:52] {Les} gendarme is state police

[13:52] {Les} polizei are Swiss German police

[13:53] {Les} Polizia are Swiss Italian police

[13:53] {Les} I don't know what they're called in fourth Swiss language

[13:54] {Les} Are there setups played in closing here. I haven't been around for a close for a while

[13:55] {Threei} every day is different

[13:55] {Les} k

[13:55] {Threei} yesterday gave nice run by CGEN

[13:55] {Les} ah. that why you held overnight?

[13:56] {Threei} no, that was because we decided to screw it up

[13:56] {Les} ok

[13:56] {Les} ?

[13:56] {Threei} it was anice setup - ours to screw up, and we nmanaged to do it to the best of our abilities

[13:56] {Les} sounds like me most of the time

[13:57] {Threei} yep, we decided it was your fault

[13:57] {Les} ok. drinks are on me.

[13:58] {strider} He called out for another drink, and the waiter brought a tray.

[13:58] {strider} Anybody know the song?

[13:58] {Threei} sounds familiar

[13:59] {Les} FCX has 200 ma just overhead.

[13:59] {Les} .05 b/o? waiting to see if stop tightens up

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

[14:00] {Threei} - NYSE volume 345M shares, about 48% below its three-month average; decliners and advancers are about even.

[14:00] {Threei} - NASDAQ volume 745M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.

[14:00] {Threei} - VIX index -0.3% to just under 20.00

[14:00] {strider} Procul Harem, A whiter shade of pale.

[14:00] {nemo} whoa

[14:01] {Les} I know the song, didn't recognise the line you quoted.

[14:02] {Threei} what's with IVAN

[14:03] {Threei} ese... look what we missed

[14:03] {strider} he's terrible.

[14:03] {nemo} he was strict

[14:03] {Threei} sure is... but what a move

[14:08] {Les} AIG

[14:08] {strider} very true.

[14:09] {Les} RIMM .80 b/o?

[14:09] {Threei} I doubt it

[14:09] {nemo} tck should be bottoming here or will short further

[14:17] {ese} hmmmmmmm

[14:18] {strider} D flat?

[14:18] {Threei} lol

[14:18] {ese} great looking daily for ivan

[14:19] {Threei} I just wish I saw it when it attacjed 3

[14:19] {Threei} was classic scaklp type I

[14:19] {ese} i'm doing nothing but dozing here.........

[14:20] {nemo} fcx, could go either way

[14:20] {magoo} thats my dogs name..doze

[14:20] {magoo} dozer

[14:21] {Threei} and he is bull?

[14:22] {magoo} ya ya

[14:22] {Threei} let the trade war begin:

[14:22] {Threei} US Commerce Dept reportedly sets prelim duties of 145% on certain steel grating from China in efforts to prevent dumping (related TRADEX SLX X STLD AKS ZEUS )

[14:22] {magoo} destroys everything

[14:26] {fernp} SPNC also happy today

[14:31] {dino} grrr, was waiting at 7.82 for short on it when it spiked

[14:31] {magoo} c'mon vad..its time..

[14:31] {Threei} for what?

[14:32] {magoo} rea on STEc AMZMN FCX

[14:33] {nemo} rimm should break short soon

[14:33] {fernp} RRD any read, Vad?

[14:33] {strider} I think AMZN will end higher, but don't know how it will get there.

[14:34] {Threei} .55 break short RRD

[14:35] {fernp} thanks.

[14:35] {nemo} amzn Vad, looking short?

[14:35] {Threei} not really

[14:36] {fernp} RRD feels long to me

[14:36] {Threei} if breaks .60, invalidates short setup

[14:37] {Threei} but long one doesn't feel too tempting to me

[14:37] {Les} but

[14:38] {Les} RRD has 50 ma under it

[14:38] {fernp} daily is nice

[14:38] {Les} looks range bound to me fern

[14:40] {strider} I'm short RRD .58, stop .66---5 day high.

[14:42] {strider} 1/2 lot. Will add on break of .55

[14:44] {Les} gld b/d?

[14:45] {Les} .15 stop, .50 trigger?

[14:45] {Les} .45 lodf

[14:45] {Les} lod

[14:47] {Threei} i am lost

[14:47] {magoo} r u stuck in snow?

[14:47] {Threei} oh, that was your GPS this time...

[14:48] {Threei} if .50 is short trigger, how is stop .15?

[14:48] {Les} 15 cent stop

[14:48] {Threei} oh

[14:48] {Threei} sheesh

[14:48] {Les} sorry my bad

06[14:48] * nemo slaps Les around a bit with a large book of Techniques of Tape Reading

[14:48] {Threei} I'd prefer it to stay under .60,

[14:49] {Threei} so we could keep it as a stop

[14:49] {Les} or is it a potential double bottom?

[14:49] {Threei} it is

[14:53] {nemo} amzn dropping

[14:54] {strider} c'mon RRD. Don't be a party pooper.

[14:57] {Les} GLD consolidating. staying under .60

[15:01] {ese} i'm outta here all.....going shopping......see ya tomorow

[15:01] {Threei} take care ese

[15:01] {fernp} bye ese

[15:01] {ese} see ya vad

[15:01] {ese} fern

[15:01] {nemo} dude

[15:01] {ese} dude

[15:02] {Les} l GLD .61

[15:02] {fernp} RRD 1:1 here

[15:02] {Les} stop .50

[15:05] {strider} long AMN .27, stop .00

[15:05] {nemo} a dino stock

[15:06] {strider} amzn

[15:06] {nemo} oh

[15:11] {strider} stopped RRD

[15:14] {fernp} RRD 1:2 - thinking to hold some shares for overnight

[15:14] {magoo} CBAK

[15:14] {magoo} not in tho

[15:17] {Threei} look at CGEN daily

[15:17] {Threei} what a bizarre figure last 4 days shaped

[15:17] {fernp} aliens tries to tell us something lol

[15:19] {Threei} oh, that's what it is

[15:20] {Threei} ese missed IVAN second time

[15:20] {magoo} FINALLY AMZN

[15:20] {magoo} in .40

[15:22] {magoo} jesus. one pop and down

[15:22] {magoo} this sux

[15:30] {strider} out 1/2 AMZN +.50

[15:30] {Threei} nice

[15:30] {fernp} RRD 1:3 selling 200sh here and holding 100sh. I like the daily for tomorrow, but can't resist the temptation to make cash :-)

[15:31] {Threei} that temptation will keep you alive and sane for years to come

[15:31] {magoo} CBAK

[15:31] {fernp} thank you. I needed that . I felt bad with myself :-)

[15:32] {Threei} ugh

[15:32] {Les} nice one fern. out GLD +.05. what a waste of time

[15:32] {Threei} sorry i got in the way

[15:32] {Threei} please feel free to feel bad again

[15:33] {fernp} no lol

[15:33] {Threei} :)

[15:34] {magoo} CBAK bananas

[15:35] {Threei} no kidding

[15:35] {fernp} [18:09] {fernp} CBAK 3 today?

[15:36] {Les} would CBAK be the sort of stock you'd consider holding overnight vad?

[15:36] {Les} likelihood of gapping up in morning?

[15:36] {Threei} if it drops to some sane price before close, sure

[15:37] {Threei} it's rumor-based movwe

[15:37] {Les} whats the rumour?

[15:37] {Threei} it gets dissected overnight, masses come to conclusion rumor is not all that likely to turn into reality

[15:37] {Threei} gap is shot

[15:38] {Threei} [12:10] {Alert} Threei CBAK Strength attributed to rumor CBAK battery product could be used in a Google smart phone model due out in 2010

[15:38] {Les} ok. so you tend to hold stocks that have hard news releases as opposed to rumours?

[15:39] {Les} i.e, rumours get destroyed more readily overnight?

[15:39] {Threei} either real news, or sector strength, or technical move with tripping some very cvommon alerts, like new 52 weeks high

[15:39] {Threei} I don't know more readily or not, but it's a real possibility

[15:39] {Threei} and that's not a risk I would be willing to take

[15:39] {Les} understand

[15:40] {Threei} imagine CBAK management coming out and saying no, we aree not in Googlwe phone

[15:40] {Threei} which they can do easily to avoid troubles with SEC

[15:40] {nemo} after they sell there stock, of course

[15:40] {Threei} stock moved from under 2.5 today

[15:41] {Threei} if that what hapens, it will open where?

[15:42] {strider} stopped balance AMZN +.15

[15:42] {fernp} gj

[15:46] {Threei} IVAN new high

[15:58] {Threei} I am so ready for the holidays to end, lol

[15:59] {fernp} only you?

[15:59] {Les} how does january begin?

[15:59] {Threei} magoo too I suspect

[15:59] {Threei} with heavy hangover les

[15:59] {Les} traders move markets in january or is it softly softly?

[15:59] {Threei} there is no any rule to it

[16:00] {Threei} too many variables

[16:00] {Les} ok. night all

[16:00] {Threei} hangover is certainty thopugh

[16:00] {Threei} thank you asll

[16:00] {nemo} cya

[16:00] {Les} ty vad

[16:00] {Threei} have a good evening, see you tomnorrow

[16:00] {fernp} Good evening everybody. see u all tomorrow

Dec 28 2009

Volume is almost non-existent - about 50% of average for the last three months. Search for the plays is like extracting teeth, but those we do find are profitable.

Session Time: Mon Dec 28 00:00:00 2009

[08:48] {nemo} Mmmmhhh....well...know who the trade-aholics are
[08:48] {Threei} hah... you should see them on Fri
[08:49] {nemo} you mean, Thursday?
[08:49] {Threei} yeah
[08:49] {Threei} you'd think it was last oppotrunity to trade
[08:50] {Threei} I swear some stocks were traded by this room members only
[08:50] {nemo} given I needed a magnifying glass to see the volume numbers, you might be right
[08:50] {strider} Well, we made money on them. somehow.
[08:50] {Threei} yeah, that's the amazing part
[08:51] {Threei} strider, magoo and fern being the only traders in some name - and all three making money
[08:51] {nemo} ecn rebates
[08:51] {Threei} lol
[08:52] {nemo} quite the markeups this morning...fcx..aig...tck
[08:53] {strider} Wait till nemo checks his account....we were using the patented "nemo-auto-fade" feature of Laser.
[08:53] {Threei} lol
[08:53] {nemo} which is...???
[08:54] {strider} if I told you any more, I'd have to kill you.
[08:54] {Threei} he doesn't have this button sdtrider
[08:54] {nemo} not necessarily a good bet on your part
[08:54] {strider} Or maye, you'd kill me.
[08:54] {Threei} it was enabled for everyone but the one whose name is on it
[08:54] {strider} yeah.
[08:55] {strider} Nemo...at least your get some ECN credit, for adding liquidity.
[08:56] {nemo} ty
[08:56] {fernp} Good morning everybody
[08:56] {Threei} fern :)
[08:56] {nemo} Hola
[08:56] {dino} gm all
[08:57] {Threei} dino :)
[08:58] {strider} morning everyone.
[09:03] {Les} morning
[09:03] {nemo} for you or us Les?
[09:03] {Threei} morning les
[09:03] {Les} when in rome nemo, when in rome...
[09:11] {ese} good morning......
[09:11] {Threei} ese :)
[09:11] {Les} hi ese
[09:12] {nemo} dude
[09:14] {ese} dude
[09:14] {ese} les
[09:14] {Threei} my daughter was lucky enough to have her long-planned trip starting today,m with first leg to USA...
[09:18] {strider} going with a big group, vad?
[09:18] {Threei} no, a few friends
[09:19] {Threei} Thailand and Japab
[09:19] {Threei} Japan
[09:19] {strider} wow.
[09:20] {Threei} good thing we talked yesterday
[09:20] {Threei} asking her whan she plans to be at airport,
[09:20] {Threei} she says, well, about an hour and half before departure
[09:21] {Threei} turns out, they don't watch TV for the last few days and have no sligtest idfea of latest scares
[09:22] {lasertrev} gm
[09:22] {Threei} trev :)
[09:22] {magoo} morning, hope u all had a merry
[09:22] {Threei} hey mags
[09:22] {Threei} sure did
[09:22] {Threei} you?
[09:28] {strider} see anything moving?
[09:29] {nemo} fcx and aig moved quite a bit this morning
[09:29] {Threei} a lot of things do
[09:29] {dino} asia, cgen, fcx
[09:29] {dino} pot
[09:30] {Les} AA a little weaker, but showing similar behaviour to fcx
[09:30] {Threei} CGEN Discovers drug target for treatment of epithelial tumors
[09:30] {Les} look at X
[09:31] {Threei} NLST wakes up again maybe
[09:31] {Threei} CGEN pullback, watching
[09:33] {Threei} Long Setup: CGEN .60 break
[09:33] {Threei} if stays above ,50
[09:33] {Threei} 1:1 half out
[09:33] {fernp} missed here
[09:33] {Threei} scalpers are scalpers
[09:33] {ese} missed
[09:34] {nemo} me too
[09:34] {Threei} noone?
[09:34] {Threei} it was available at .61...
[09:34] {Les} no excuses, you gave plenty of time...
[09:34] {nemo} by the time I got it on screen it was gone
[09:35] {nemo} scalpers win
[09:35] {Threei} wow... 2 min since I said watcvhing
[09:36] {Les} was fiddling with charts. Not used to jumping straight out of the starting gates
[09:37] {ese} was watching something else.......tune in when it was .69
[09:37] {Les} X pullback?
[09:38] {ese} sndk continues meteoric rise......very interesting that
[09:38] {Threei} X, .80 support
[09:38] {ese} don't see many daily charts like that
[09:38] {Threei} trigger is not very clear, maybe .96
[09:39] {dino} osis
[09:39] {fernp} QGEN if breaks .50, Vad?
[09:40] {Threei} if holding .45
[09:40] {Threei} don't count on much with thisd one
[09:40] {Threei} water torture type
[09:40] {fernp} ok
[09:41] {dino} aixg
[09:42] {Threei} AIG
[09:42] {Threei} tries to turn into momo
[09:43] {Les} GOOG
[09:43] {Threei} Long Setup: AIG .05 half lot
[09:43] {magoo} in
[09:43] {Threei} if stays above .90
[09:43] {magoo} .60
[09:44] {Threei} if works, target about .40 - .50
[09:44] {Threei} ok, doesn't work
[09:45] {magoo} i like yout targeyt
[09:45] {Les} FCX .80 b/d if a few minutes consolidation occurs Vad?
[09:45] {fernp} QGEN 1:1
[09:46] {Threei} sure
[09:46] {Threei} FCX looks encouraging
[09:46] {Threei} GLD breaks down
[09:46] {Threei} here is bounce to see the resistance
[09:46] {Threei} or to hunt for aggressive entry
[09:47] {Threei} mags, you have target reached
[09:47] {Threei} on AIG
[09:48] {magoo} out .49 TY
[09:48] {Threei} wtg
[09:48] {Threei} 90 cents
[09:48] {magoo} + alot
[09:48] {Threei} nice play
[09:49] {Les} merry christmas
[09:49] {Threei} lol fern, you managed to squeeze that one
[09:50] {fernp} yeah. ty for your indications
[09:51] {Threei} anyone went for ahressive FCX?
[09:51] {Les} in .90
[09:51] {Threei} okay, stop just above 83 then
[09:51] {strider} short or long?
[09:51] {Les} short
[09:51] {Les} GLD dropping
[09:51] {Threei} if it loses .80, cover half into sharp drop
[09:51] {Les} scalp or more Vad?
[09:52] {Les} sorry
[09:52] {Threei} I'd try for more but with pasrtiasls
[09:52] {Threei} partials
[09:52] {Threei} grrr... new keyboard... likerly to introduce even worse typing
[09:52] {Les} we can take it
[09:52] {Threei} (if that's even possible)
[09:52] {magoo} aig read vad, bounce if holds 32?
[09:53] {ese} dino ....whacha thinkin with osis
[09:53] {fernp} HIG breakout, Vad?
[09:53] {Threei} too far in advance mags
[09:53] {dino} sm s asei .86
[09:53] {Threei} gotta see how it behaves if it gets there
[09:53] {Threei} HIG yes
[09:53] {magoo} lets watch it ok?
[09:54] {magoo} might be the day for it
[09:54] {Les} GLD testing 50 ma support
[09:55] {dino} asei stopped
[09:56] {Threei} cover half here les
[09:56] {Les} .75 ty
[09:56] {Threei} fern, HIG starts looking salmonish
[09:57] {Threei} if works, can be a nice climber
[09:57] {magoo} hig long trigger?missed call
[09:57] {Threei} .90 support mags
[09:58] {Threei} fairly close to it
[09:58] {fernp} im long from .97 if breaks 24 i'll add some more shares
[09:58] {Threei} buy first strength
[09:58] {Threei} les, 1/4 more
[09:58] {Threei} right here
[09:59] {Les} sorry, all out. only 200 shares in total
[09:59] {Threei} ok
[09:59] {Threei} anyone has a bit more and needs comnmentary?
[10:01] {fernp} WFC breakdown, Vad?
[10:03] {strider} NLST
[10:03] {Threei} hmmm
[10:03] {Threei} not sure fern
[10:06] {Threei} mags
[10:06] {Threei} AIG
[10:06] {Threei} stop under 24
[10:06] {Threei} entry as close to it as you can get
[10:06] {Les} l HIG .03
[10:07] {Threei} HIG acts as salmon
[10:07] {Threei} a bit high entry Les
[10:07] {strider} long HIG from .98
[10:07] {Les} so take scalp only?
[10:08] {strider} L NLST from .79
[10:08] {Threei} it's capable of more than that...
[10:08] {Threei} just not fond of this kind of entries
[10:10] {dino} par
[10:11] {nemo} rimm vad
[10:12] {Threei} not sure about play on it
[10:12] {Threei} feels long to me
[10:12] {Threei} but no clear setup
[10:14] {Les} any news that is annoying market?
[10:14] {fernp} AEO, Vad? I don't know how this one trades, valid breakout?
[10:14] {Threei} no news
[10:14] {fernp} is holding in highs while SPY is dropping
[10:15] {Threei} should be good for a scalp fern
[10:15] {fernp} ty
[10:15] {dino} aixg capit?
[10:16] {Threei} doesn't look ready for bounce to me, dino
[10:16] {Threei} more downside most likely
[10:17] {strider} stop NLST -.10
[10:17] {fernp} WFC still on lows
[10:18] {dino} feeling .35ish
[10:24] {Threei} HIG lost support
[10:24] {strider} stop HIG
[10:26] {fernp} i took my 1:1 on HIG w/my first entry, and stopped with the second one
[10:26] {Threei} half pon 1:1 and stopped second half, so the same washout
[10:27] {fernp} shorted WFC .88
[10:27] {fernp} my 1:1 is almost here..
[10:29] {ese} anyone else waiting or cgen to bottom out
[10:31] {dino} aixg hl l .05, stop lod
[10:35] {fernp} AEO is breaking now... not sure what to do, SPY is falling
[10:37] {dino} alny wakey
[10:37] {strider} hmmm..
[10:38] {fernp} FAZ breakout?
[10:38] {Threei} only if pulls back first
[10:39] {Threei} and holding this .87 - .90 area
[10:41] {Threei} GLD, want long with target around .35, and don't want to buy break
[10:41] {Threei} so, my way to trade it here would be:
[10:41] {Threei} ignore .20 break,
[10:41] {Threei} but if it pulls back into .10 area, I anm interested
[10:42] {Threei} with stop/invaliadting level 108
[10:43] {Threei} come on GLD, show your treacherous charatcter: drop shareply shaking out .20 break buyers, and let us in on that shakeout
[10:44] {Les} 50 and 200 ma converging at .25
[10:44] {Threei} typing gods will never forgive me for what I do to English...
[10:46] {Les} did you buy Vad?
[10:47] {Threei} no, was waiting couple cents lower
[10:48] {Threei} I want a brief dive under .10, holding above 108 and recross of .10 as entry signsl
[10:49] {Threei} even if it doesn't let us in, I am pretty staisfied with read itself
[10:49] {Threei} getting closer to decoding the ways GLD eliminates too straightforward traders
[10:52] {fernp} AEO 1:1 but i didn't take the trade. too much thinking. grrrr
[10:53] {Threei} Long Setup: AIG .10 break
[10:53] {Threei} stop under 32
[10:53] {ese} l cgen .41
[10:56] {ese} you refering to me vad
[10:56] {Threei} I am?
[10:56] {ese} .30
[10:58] {strider} out 1/2 AIG
[10:58] {Threei} AIG 1:1
[10:58] {Les} out ty
[10:58] {Threei} strider, stop to under .10 for the balance
[10:58] {magoo} AIG seems or feekls like alot more..not in tho
[10:58] {strider} thx
[10:59] {strider} out -.01
[10:59] {Threei} could be mags... but this is AIG... I better let ther balance to get shaken out than get stuck
[10:59] {magoo} agree..its been a disappointer orf late
[10:59] {strider} like that.
[10:59] {Threei} downdraft on it can be devastating
[11:00] {Threei} and don't forget, we are still in holiday mode
[11:00] {fernp} HIG again breaking 24
[11:00] {ese} l cgen avg .39
[11:00] {Threei} short week and all that crap
[11:01] {Les} GLD still in play Vad?
[11:01] {Threei} can't tewll, it kind of lost its rythm
[11:01] {nemo} may be DT on Rimm
[11:01] {dino} jst
[11:01] {Threei} first drop looked good, second is questionable
[11:02] {Threei} hmmm
[11:02] {ese} cgen stop .33
[11:03] {Threei} why not C&H on RIMM nemo?
[11:03] {Threei} .45 break
[11:03] {Threei} if holdong .30 -.45
[11:03] {Threei} .30 - .35
[11:03] {nemo} could be one of those switchitters
[11:04] {Threei} yeah
[11:04] {nemo} your handle is small too
[11:04] {fernp} gonna try again HIG
[11:05] {Threei} big offer at .45
[11:05] {Threei} reinforces setup
[11:05] {nemo} oy vay
[11:05] {ese} out cgen .49 +.10
[11:05] {Threei} wtg
[11:06] {ese} worked well...kept partially out 4k avgeraged it out at .49
[11:07] {ese} actually .487623 to be exact
[11:07] {Threei} invalidated RIMM
[11:07] {nemo} the long anyway
[11:07] {Threei} right
[11:08] {Threei} too bad, that break would have been a beauty
[11:10] {nemo} RIMM again
[11:10] {fernp} DBA, Vad?
[11:10] {Threei} need pullback for re-validation
[11:10] {Threei} RIUMM
[11:10] {nemo} or, tht big order be taken out
[11:11] {Threei} DBA, CAN'T TELL
[11:11] {Threei} too narrow for my taste'
[11:12] {fernp} ty
[11:12] {Les} FCX?
[11:13] {magoo} [11:11] {&Threei} RIUMM
[11:13] {magoo} [11:12] {&Threei} too narrow for my taste'
[11:13] {magoo} whats on your mind
[11:13] {Les} .80 break looking good?
[11:14] {fernp} that was for DBA, mags
[11:14] {magoo} RUM
[11:14] {Threei} probably Les
[11:18] {magoo} gld was invalid?
[11:19] {Threei} I wasn't delighted
[11:19] {magoo} ya ya
[11:19] {Threei} it more or less worked in the end but preety much crapshoot, really
[11:19] {magoo} in my best leonardo dicapr voice from movie blood diamond
[11:20] {nemo} he was good in Body Of Lies also
[11:20] {fernp} NRG breakdown, Vad?
[11:21] {Les} outta here. night all.
[11:22] {fernp} bye Les
[11:22] {Threei} take care Les
[11:23] {Threei} so slow, fern...
[11:23] {Threei} things stalled
[11:24] {Threei} let's look at some postcard-type photos in fresh upload at http://www.realitytrader.com/photography/
[11:24] {fernp} yeah, shorted .39 i'll take a scalp (if I can) :-)
[11:27] {fernp} your city seems very european
[11:27] {fernp} beatiful heavens in all pics
[11:27] {Threei} yeah, prides itself ion being more British than Britain
[11:29] {fernp} such buildings are the typical you can find over here
[11:34] {nemo} rimm broke .45 another huge orer at .50
[11:34] {Threei} break on such vertical spike... nah
[11:35] {nemo} chewed right through
[11:38] {fernp} 1:1 NRG +.05
[11:42] {nemo} rimm break .60 stop under .50 look at order at .60
[11:51] {fernp} NVDA breakdown, Vad?
[11:51] {Threei} worth a try
[11:52] {fernp} ty
[11:52] {Threei} just a scalp
[11:52] {Threei} unless market starts dropping like tomorrow never comes
[11:52] {fernp} ok. i'll scalp it :-)
[11:53] {strider} aggressive entry make sense here, NVDA?
[11:53] {Threei} yeah, and if tomorrow never comes - what good those excessive profits are for you anyway
[11:53] {Threei} no strider
[11:53] {Threei} RIMM looks at that .60 with childish curiosity
[11:54] {fernp} daily seems ready for a pullback
[11:54] {nemo} on what fern?
[11:54] {fernp} NVDA
[11:54] {fernp} QGEN strong
[11:57] {Threei} NVDA shapes up nicely
[11:57] {strider} break of .74?
[11:57] {Threei} yes
[11:58] {nemo} cat vad, maybe short, I've got .45 as important but pivot is .38
[12:01] {Threei} .45 break I'd do
[12:02] {strider} stop?
[12:02] {Threei} .50 or .55, both are valid
[12:02] {nemo} .50 probably
[12:02] {strider} k
[12:09] {nemo} cat the frickin' fandancer
[12:10] {strider} in .44
[12:10] {strider} there's the big bid on NVDA
[12:11] {strider} .77
[12:15] {Threei} RIMM is trying to reinvalidate again
[12:17] {Threei} Long Setup: RIMM .60 break
[12:18] {Threei} stop under .50 for scalpers
[12:18] {Threei} .45 for day traders
[12:18] {Threei} 1:1
[12:19] {Threei} unstoppable RIMM
[12:19] {Threei} 'can you hold the moonbeam in your hand"...
[12:19] {Threei} never mind... wife was watching Sounds of Music yesterday when I carelessly wandered in the room
[12:19] {nemo} DF
[12:19] {Threei} it's quite a trauma for my impressionable soul
[12:20] {nemo} anyway,,,,I'm off to try and kill something...this day has been a CF!
[12:20] {dino} gl
[12:20] {nemo} ty
[12:20] {Threei} kill my portion too wioll ya
[12:21] {magoo} what CF?
[12:21] {Threei} or df
[12:22] {Threei} but, you know... when it comes to nemo I gave up on decoding
[12:22] {Threei} not only because it's challenging
[12:22] {Threei} but mostly because in most cases I don't want to know the answer
[12:24] {strider} CAT
[12:25] {Threei} makes huge prgress, doesn't it
[12:26] {strider} not much spring in its step.
[12:26] {strider} which is a good thing.
[12:26] {Threei} well, it's cat... it's prowling
[12:28] {strider} Is RIMM a long here?
[12:28] {strider} was
[12:29] {Threei} why here
[12:29] {Threei} it was long at .60
[12:29] {strider} there was some consolidation at .72, 2nd test of high.
[12:30] {Threei} if you wanted it for bigger trade, you'd simply enter it with stop .45, and have 1:2
[12:31] {strider} well, it jumped fast from .60....coudn't get in.
[12:31] {Threei} I see
[12:31] {Threei} it was a "hover" type of entry
[12:31] {strider} I was hovering .)
[12:31] {Threei} lol
[12:32] {Threei} unhovered too late then :)
[12:32] {Threei} usually, when hovering,
[12:32] {Threei} you don't wait for actual break
[12:32] {Threei} you want to gran last shares of big order
[12:32] {Threei} so you lwet go when it scrolls fast
[12:35] {strider} CAT looking like a dbl bottom
[12:37] {ese} dino.....anything on your radar
[12:39] {dino} just took fsys l
[12:39] {dino} .04 ave
[12:40] {ese} seems to me that every year at this time.....no matter what i look at ....it just doesn't look good
[12:40] {dino} osis watching for s
[12:40] {dino} tlcr?
[12:40] {ese} tks
[12:41] {fernp} USB rocketing
[12:41] {ese} was watching osis for a while......did nothing for me
[12:43] {dino} gut feels spike and drop remaining in osis
[12:44] {strider} what's your stop, CAT, vad?
[12:44] {Threei} at this point just above .50
[12:44] {Threei} no two options anymore
[12:44] {ese} hmmmmmmm that sounds like a plan dino....spike to 25
[12:45] {Threei} as they used to say in USSR, we have pluralism of opinions, and there is no another way about it
[12:45] {strider} haha
[12:46] {dino} lol es waiting at .22
[12:51] {strider} CAT 28 cent range so far.
[12:52] {fernp} MGM on lows
[12:53] {magoo} RIMM went big
[12:53] {dino} calm
[12:53] {magoo} i am
[12:54] {fernp} NVDA again interesting
[12:56] {dino} lol just read that
[12:56] {fernp} MGM breaking down
[12:57] {strider} OK...CAT's turned into a guitar stock.
[12:57] {ese} l akam sm.99
[12:58] {ese} stop .80
[13:01] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.089%; BID-TO-COVER RATIO: 2.91 V 3.16 PRIOR AND 2.96 AVE OVER LAST 10 AUCTIONS
[13:01] {Threei} - indirect bidders take 34.8% of competitive bids with 59.68% alotted at the high
[13:02] {Threei} where is nemo... I need translation of this
[13:02] {fernp} AMGN .70 break, Vad?
[13:02] {Threei} chart's right
[13:03] {ese} ok am likin the looks of akam .......increased size to 1/2 lot
[13:04] {dino} rino l .25
[13:05] {fernp} shorting NVDA .75
[13:06] {Threei} nice
[13:07] {ese} l akam to full lot still .99 stop .89
[13:08] {ese} lots of selling at .00 this should be interesting
[13:08] {dino} reit's moving
[13:09] {strider} sure is a lot of AKAM for sale at 26.
[13:10] {ese} i'll say
[13:11] {ese} gambling on the break here
[13:11] {strider} lightening up on CAT....this is ridiculous.
[13:12] {Threei} welcome to holiday trading
[13:12] {strider} I thought I was supposed to get PRESENTS this week.
[13:18] {Threei} this?
[13:18] {Threei} last week was Chritmas... what is it this week, Festivus?
[13:18] {strider} well, don't forget the rest of us.
[13:19] {Threei} Chanukah was even earlier
[13:19] {Threei} Festivus is the only one I can think of
[13:20] {strider} hey, we got a new low, CAT
[13:21] {Threei} I was afraid to mention
[13:24] {fernp} SEED is sitting on lows with a nice daily for a short
[13:24] {Threei} fern... you are distracting us from dying of boredom obderving CAT
[13:25] {fernp} sorry, i am also short in CAT from .44
[13:25] {Threei} wow... you mean you arre not bored enough by CAT and want to add SEED??
[13:26] {strider} Well, pay attention, then, fern!
[13:26] {Threei} you just love pain and suffering, don't you?
[13:27] {fernp} you know what? i am also short MGM from .39 and long AMGN from . 71
[13:27] {Threei} ok... you do love pain and suffering
[13:27] {fernp} :-) i have to talk with my wife
[13:27] {Threei} shut up nemo
[13:28] {Threei} even though you are not here...
[13:28] {Threei} this is too much even for your being here in spirit, so shut up
[13:30] {strider} had it with CAT, I'm out.
[13:30] {ese} out akam .94 -.05
[13:31] {ese} gotta go all...catch you tomorow
[13:31] {Threei} take care ese
[13:31] {strider} of course.
[13:31] {fernp} bye ese
[13:31] {Threei} mama mia... CAT is 1:1... I didn't think I'd live long enough to see that
[13:31] {strider} was just waiting for me to bail.
[13:31] {magoo} dont recall cat bbeing such a slug
[13:32] {Threei} no traders
[13:32] {Threei} holiday week
[13:32] {Threei} look at volume
[13:32] {magoo} read AIG? juast started move
[13:32] {Threei} Encryption expert deciphered and published code that protects cellphone calls-NY Times
[13:32] {Threei} - The action by the encryption expert Karsten Nohl aimed to question the effectiveness of the 21-year-old GSM algorithm, a code developed in 1988 and still used to protect the privacy of 80 percent of the world's mobile calls.
[13:33] {fernp} out MGM +.06
[13:34] {Threei} no way really to tell whether it's a startiung move or just accidenatl convulsion during deep sleep, mags
[13:35] {Threei} take a look at volumes at noon:
[13:35] {Threei} Market Internals update at 12:00pmET
[13:35] {Threei} - NYSE volume 240M shares, about 48% below its three-month average; advancers and decliners are about even.
[13:35] {Threei} - NASDAQ volume 520M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.
[13:35] {Threei} lol
[13:39] {dino} wow
[13:46] {fernp} AMGN no go
[14:03] {Threei} wow
[14:03] {Threei} fern
[14:03] {Threei} your SEED works
[14:03] {fernp} yes
[14:05] {fernp} but i only took +.05 on it (my initial risk)
[14:05] {Threei} Fed proposes amendments to Reserve Requirements for Deposit institutions; allows establishment of term deposit facility; with no implications on monetary policy decisions in short term
[14:05] {Threei} - term deposit maturities will not exceed 1 year's time; with most likely maturity at 1-6 months
[14:05] {Threei} - Federal Reserve Banks would offer interest-bearing term deposits to eligible institutions through an auction mechanism. Term deposits would be one of several tools that the Federal Reserve could employ to drain reserves
[14:06] {fernp} i also shorted INTC at .30 (my 1:1 is here)
[14:06] {Threei} market really disliked this
[14:06] {Threei} Fed worked for you
[14:06] {Threei} (for once)
[14:06] {fernp} lol
[14:07] {Threei} volume update, don't look now:
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 340M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.
[14:07] {Threei} - NASDAQ volume 760M shares, about 45% below its three-month average; decliners lead advancers by 1.2:1.
[14:07] {Threei} 50%
[14:07] {Threei} I don't think I've seen this, ever
[14:09] {fernp} hey!!! thaks FED, +.08 INTC
[14:11] {Threei} lol
[14:12] {dino} gj
[14:17] {fernp} AEO ignores market. still on highs. and... if I hold some shares overnight? Am I crazy?
[14:17] {Threei} yes
[14:17] {Threei} but the real question is,
[14:17] {Threei} will it stop you from doing that?
[14:18] {fernp} good question
[14:21] {Threei} White House: President Obama to speak later today with regards to the terrorist attack attempted on Christmas day
[14:21] {Threei} - separately, in the last few minutes an Al-Qaeda faction claimed responsibility for the attempted attack on a US airliner, calling it a retaliation for US attacks in Yemen.
[14:21] {Threei} - reminder: over the weekend, the Nigeria man who attempted to set off an explosive device in a Northwest airliner was reported to have ties to Al-Qaeda.
[14:28] {fernp} looking at airlines, CAL and DAL could be fine for a scalp if break lod
[15:00] {fernp} .
[15:01] {Threei} Prez on TV
[15:11] {magoo} :(
[15:12] {Threei} ?
[15:14] {Threei} CGEN woke up
[15:15] {Threei} let's see if we get a pullback under .30
[15:16] {Threei} CGEN Update: Price target raised to $12 at Cantor Fitzgerald, maintains Buy rating
[15:16] {Threei} wow
[15:16] {Threei} let's keep it as a gap candidate
[15:17] {Threei} this is something very likely to attract attention overnight
[15:18] {Threei} Barton Biggs: USD could rise 10%; feels USD is undervalued vs the Euro (related EUR/USD )
[15:28] {Threei} a bit more on CGEN so you could make up your mind:
[15:28] {Threei} Price target raised 60% to $12 from $5 at Cantor Fitzgerald, maintains Buy rating
[15:28] {Threei} - Firm believes Roche's acquisition of two early stage assets, Alnylam's European RNAi development operations for $300M plus the RNAi delivery company, Mirus, for $125M for a total of $425M provide a good comparitor for Compugen due to the early development stage and long-term value its technology is expected to have for pharmas and diagnostic companies.
[15:30] {strider} long from 5.40 for overnight
[15:31] {fernp} I was long from .46 and sold .61
[15:32] {Threei} don't want to suggest it for right now strider, but something to consider in the future in this kind of situastion:
[15:32] {Threei} umbrella trade,
[15:32] {Threei} get double lot,
[15:32] {Threei} scalp one
[15:32] {Threei} hold another
[15:32] {strider} good idea.
[15:33] {Threei} review umbreall concept in scalping video course
[15:33] {Threei} it's exactly the situation to apply it
[15:33] {strider} In this case, I bought in another acct.
[15:34] {strider} NOt ready to hold overnight in daytrading acct.
[15:35] {fernp} me too, I use another account for overnight. holding AEO. let's see if opens with gap
[15:43] {Threei} EUR/USD CFTC: speculators have gone long the USD for the first time since May (update)
[15:44] {Threei} CFTC claims to know what side "speculators" take?
[15:44] {Threei} and just who is on another side?
[15:44] {Threei} not other speculators?
[15:44] {magoo} anti-speculators
[15:44] {Threei} sigh
[15:44] {Threei} idiocy reigns
[15:48] {dino} lol
[15:50] {Threei} I played CGEN half right
[15:50] {Threei} took double lot, that was fine,
[15:51] {Threei} sold one at .57, fine,
[15:51] {strider} not lookong too strong right now.
[15:51] {Threei} but then should have sold half lot more over .60, to replace it on pullback
[15:52] {strider} you think it's still a valid overnight?
[15:52] {Threei} it's those who don't want overnight exiting, strider
[15:52] {Threei} what changed?
[15:52] {strider} didn't run up to the high.
[15:53] {Threei} look at it from the p;oint of view of reason foer the gap
[15:53] {Threei} for those who see it after coming back home
[15:53] {strider} It's been gapping for 3 days.
[15:54] {Threei} 52 week high, news, upgrade by solid house with insane target
[15:54] {Threei} today's nwews come on the heel of the one a few days ago
[15:54] {Threei} altogether creates this "things are happening for this company" feeling for our beloved overnight buyers
[15:55] {Threei} normally this is what I want to see to buy for a gap
[15:55] {strider} ok
[15:55] {Threei} hey, I am not convincing you
[15:55] {Threei} overnight is totally discretionary
[15:55] {strider} I understand:)
[15:55] {Threei} just expressing my own approacvh
[15:56] {Threei} but risk tolerance is different
[15:56] {Threei} so....
[15:58] {fernp} AEO ending on highs holding 500 for tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {lasertrev} see ya Vad
[16:00] {fernp} AEO nice daily too, maybe screeners will spit AEO like breakout play. Let's see

Dec 22 2009

Another slow and profitable day. We seem to handle this slow grind with great consistency. Most of the trades are scalps but that's the nature of this beast called thin holiday trading.

Session Time: Tue Dec 22 00:00:00 2009

[08:59] {ese} morning
[09:00] {strider} morning ese
[09:01] {strider} Here's one for ya, ese: CACA
[09:01] {strider} Chardan 2008 China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:02] {Threei} Good morning
[09:02] {strider} morning, vad.
[09:03] {strider} How much CACA would you like this morning?
[09:03] {nemo} Strider's a perfect addition...he helps keep us in the gutter
[09:03] {Threei} why do I suddenly feel strong urge to go back to sleep
[09:03] {nemo} :)
[09:03] {nemo} gld
[09:04] {nemo} sorry...but it is a bit active this morning
[09:04] {ese} mornin vad
[09:05] {Threei} ese :)
[09:05] {Threei} *(US) Q3 FINAL GDP Q/Q ANNUALIZED: 2.2% V 2.8%E; PERSONAL CONSUMPTION: 2.8% V 2.9%
[09:05] {Threei} US) Q3 FINAL GDP PRICE INDEX: 0.4% V 0.5%E, CORE PCE Q/Q: 1.2% V 1.3%E
[09:05] {ese} what kind of company is that st
[09:06] {strider} China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:06] {ese} dude
[09:06] {strider} they have good intentions.
[09:08] {ese} lol
[09:09] {fernp} Good morning everybody
[09:09] {Threei} reminds me of old joke about the guy who asked father of a girl he liked permission to marry her
[09:09] {Threei} fern :)
[09:09] {Threei} answering the father's question about his income and general ability to provide a nice lifestyle for his spoiled daughter, he said
[09:10] {Threei} well, I am not much right now but I have great views (in russian it reads as both views and prospects)
[09:10] {Threei} to whch father replied:
[09:10] {Threei} views? you need a photocamera then, not my daughetr
[09:11] {Raven} rofllllllllllllll
[09:11] {Threei} sigh
[09:11] {Raven} yes
[09:12] {nemo} hey, Vad. RIMM is at that .40 or so level again. I think it's important
[09:12] {ese} too funnny
[09:13] {nemo} the joke or my comment?
[09:13] {Threei} what are you looking for?
[09:13] {Threei} breakdown?
[09:15] {nemo} well, below it, yes, it touched that level on the afternoon swing low (sweeeet chaaaariotttt...comin' for to carry me hoooommmmeee)
[09:15] {Raven} sheesh
[09:15] {nemo} if it stays above, may be the bottom of the range
[09:15] {nemo} What can I say Raven, you bring it out in me
[09:16] {Raven} [{------}]
[09:16] {nemo} more indecipherable Ravenglyphs
[09:16] {strider} tautology: {nemo} if it stays above, may be the bottom of the range
[09:16] {nemo} Yes, it seems to be shaping up as an important level
[09:17] {nemo} Hey Raven! What's your opinion on the RIMM level?
[09:17] {nemo} I think I'll be sorry I asked...
[09:20] {fernp} RIMM breakingdown
[09:20] {nemo} Look at Friday, when rimm bottomed, it broke out when it broke above the .25-.30 level
[09:22] {nemo} so, it may be the .25-.40 level is somewhat of a no-man's land
[09:24] {magoo} oprning
[09:24] {magoo} sigh
[09:24] {magoo} morning
[09:25] {Threei} magoo :)
[09:25] {magoo} what u watchin vad?
[09:26] {Threei} usual suspects
[09:26] {Threei} and dog ESLR just got news
[09:26] {Threei} Evergreen Solar Inc Solar panels chosen to Power Patriot Place
[09:26] {Threei} - Its String Ribbon solar panels have been chosen for a 525-kilowatt installation at Patriot Place, a 1.3-million-square-foot shopping, dining and entertainment complex located adjacent to Gillette Stadium, home of the New England Patriots.
[09:27] {magoo} look ATHX
[09:27] {nemo} Yeah, but alot of the shops that signed up for Patriot Place are closing down
[09:27] {Threei} TAN
[09:27] {Threei} Claymore Global Solar Energy ETF Broadpoint Amtech Raising Numbers on Solar Sector
[09:27] {Threei} - Broadpoint analysts see demand remaining elevated into 1H10.
[09:27] {Threei} - Revising fixed price deliveries higher and also sees shipments up 10-15% with a positive bias.
[09:27] {Threei} - Anticipating revising estimates higher across the board into the following 4Q09 earnings season.
[09:28] {Threei} ATHX
[09:28] {Threei} Pfizer Inc Acquires rights to Athersys Stem-cell therapy - NY Times
[09:28] {Threei} - Pfizer to develop Athersyss cells to treat inflammatory bowel disease, the companies are expected to announce on Monday.
[09:28] {Threei} - Tol pay Athersys $6M initially and up to $105M in the future.
[09:28] {Threei} - Athersyss cells, derived from human bone marrow, have not yet been tested in people with inflammatory bowel disease, a term that encompasses ulcerative colitis and Crohns disease. But the product, called MultiStem, is in early human testing as a treatment for heart attacks and for cancer patients receiving bone marrow transplants.
[09:28] {Threei} - Athersys [ATHX] was founded in 1995 and based in Cleveland
[09:29] {Threei} yesterday's news and move
[09:29] {Threei} dropped ever since open yesterday
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:30] {Threei} NTWK Wins a Information Security Contract in the Mobile Telecommunications Sector in Pakistan (0.99, +0.02, 2.06%)
[09:34] {Threei} NVDA is still climbing
[09:34] {strider} BGG
[09:35] {strider} not a lot of potential.
[09:35] {nemo} wfc weak,
[09:35] {Threei} Long Setup: RMBS .80 break if stays above .70
[09:37] {nemo} huge orer .82 on rmbs
[09:37] {Threei} let's fine tune it a bit
[09:37] {nemo} order
[09:37] {Threei} big offers at .81 and .82, and .82 is day high so far
[09:37] {Threei} so let's make a trigger .82 break
[09:38] {Threei} likely to be fast,
[09:38] {Threei} so try to grab last shares at .82 as it scrolls
[09:38] {fernp} out SOLF (from yesterday) +.33
[09:38] {magoo} in .80
[09:38] {nemo} HAH
[09:38] {Threei} wtg fern
[09:39] {nemo} that, was fast
[09:39] {fernp} ty
[09:39] {fernp} in .83
[09:39] {strider} long .81
[09:41] {Threei} should spike now over .90
[09:42] {Threei} good boy
[09:42] {fernp} ty Vad
[09:42] {Threei} over 1:1
[09:42] {Threei} welcome
[09:42] {Threei} half out for me
[09:42] {strider} out .95
[09:42] {Threei} offering over 24
[09:43] {ese} nice one on rmbs ladies and gents
[09:43] {Threei} ty
[09:43] {Threei} it was very nice of it to return and pick up those who missed the departure
[09:43] {strider} indeed.
[09:44] {Threei} US) Preview: Nov Existing Home Sales due out at 10:00ET
[09:44] {Threei} **consensus expectation: 6.25Me (+2.5% m/m) v 6.1M prior
[09:44] {strider} BGG had more potential than I thought.
[09:46] {Threei} mags, you took profit} partial? fell asleep?
[09:46] {Les} WAWIV?
[09:46] {Threei} yes but too far from entry, no chasing
[09:46] {magoo} partia
[09:46] {Threei} okay
[09:46] {Threei} 'cause sometimes you are scaring me by sitting in them for too long :)
[09:46] {Les} hi, what are we in?
[09:47] {Threei} RMBS from .80
[09:47] {Les} GLD
[09:47] {fernp} VMED, Vad?
[09:47] {Threei} US) Preview: Oct House Price Index (m/m) due out at 10:00ET
[09:47] {Threei} **consensus expectation: 0.2%e v 0.0% prior
[09:47] {Threei} - estimates range between -0.4% to +0.5%
[09:47] {Threei} US) Preview: Dec Richmond Fed Manufacturing Index due out at 10:00ET
[09:47] {Threei} **consensus expectation: 5e v 1 prior
[09:48] {magoo} AIG
[09:48] {Threei} I think so fern
[09:48] {fernp} thanks
[09:48] {nemo} rimm hehehe
[09:49] {ese} aig is going like a bat out of hell mags
[09:50] {magoo} careful
[09:50] {magoo} its been a disappointer
[09:52] {ese} indeed
[09:53] {Les} dino, any tickers on your list today?
[09:55] {Les} Vad, CAT long?
[09:55] {Threei} no read on CAT
[09:56] {magoo} any read AIG?
[09:56] {fernp} GNK if breaks .10, Vad?
[09:56] {ese} aig has had the crap beat out of it since sept mags....i think that this thing is due for a rebound
[09:56] {Threei} not really... momo, either resuming or fizzling out
[09:56] {dino} aixg, ades, enoc, man, nav
[09:57] {Threei} too thin fern
[09:57] {fernp} yeah, and stop is .30
[09:57] {Threei} just couple sccidental buyers can spike it over stop easy
[09:57] {fernp} true, ty
[09:58] {nemo} hgsi
[09:58] {dino} aixg hl l .35
[09:58] {nemo} C&H, break .74, sto .64
[09:58] {dino} stop is .14
[09:59] {Threei} *(US) RICHMOND FED MANUFACTURING INDEX: -4 V 5E
[09:59] {Threei} yuck
[10:00] {Threei} *(US) NOV EXISTING HOME SALES: 6.54M V 6.25M (% M/M)
[10:01] {nemo} invalimudated hgsi
[10:01] {Les} ty dino
[10:01] {dino} np
[10:02] {Threei} US) OCT HOUSE PRICE INDEX (M/M): 0.6% V 0.2%E
[10:02] {Threei} see if HGSI reestablishes
[10:03] {Threei} maybe initial reaction on numbers subsides, then order restores itself
[10:03] {strider} pls repeat hgsi call.
[10:03] {magoo} caufht some .94 rmbs'
[10:03] {Threei} .75 break if stays above .65
[10:04] {strider} thx
[10:04] {Threei} RIMM is dying
[10:04] {Threei} nemo was right
[10:04] {nemo} likely next stop .15
[10:05] {nemo} HGSI back
[10:05] {nemo} bigger stop though
[10:05] {ese} l aig .50
[10:06] {magoo} i midssed .50 went for it
[10:06] {ese} out aig .74 +.24
[10:06] {fernp} valid HGSI here, Vad?
[10:06] {ese} i just barely got in myself
[10:07] {Threei} I think so
[10:07] {Threei} .60 is more pronounced support
[10:07] {fernp} ty
[10:07] {Threei} maybe drop size a bit and keep stop under .60...
[10:07] {fernp} VMED 1:1
[10:07] {Threei} yup, nice find
[10:09] {fernp} not filled here, tried .77 :-(
[10:10] {Threei} 1:1 for .65 stop
[10:10] {Les} ty vad
[10:10] {Threei} thank nemo
[10:10] {nemo} :)
[10:10] {Threei} his find, I just provided running commentary
[10:10] {Les} no, piss off
[10:10] {Les} :)
[10:10] {nemo} with no typing mistakes either
[10:10] {nemo} You're on the list...in pen....Les
[10:11] {Les} ah the christmas list...
[10:11] {nemo} Ahhh....no...DPWFL
[10:11] {Les} ty Nemo
[10:11] {Threei} being on nemo's christmas list - can I think of anyhting more disturbing than this...
[10:12] {Les} shouldn't have taken eyes off ENOC. symmetric triangle did its thing...
[10:12] {Threei} ok mags, RMBS is over 24
[10:12] {magoo} out
[10:12] {Threei} I remove all responsibility from my shoulders from this point on
[10:12] {magoo} ty
[10:12] {Threei} :)
[10:12] {nemo} rmbs
[10:12] {nemo} sorry
[10:12] {fernp} BBY hod
[10:13] {ese} nvda going like crazy since nov 27
[10:13] {Threei} VLY Receives Approval From U.S. Treasury to Repay Its Remaining TARP Funds for approx $100.7M
[10:13] {fernp} WMT breaking hod
[10:14] {dino} enoc?
[10:15] {Threei} way too thin for me dino... not my cup of tea
[10:15] {nemo} hgsi again
[10:15] {Les} took my eyes off ENOC just after 10am.
[10:15] {Les} yeh it is thin
[10:16] {dino} 460k fat for me
[10:16] {dino} one more spike imo
[10:17] {fernp} ALL, Vad?
[10:18] {Threei} HGSI solidly over 1:1
[10:19] {Threei} sure fern
[10:19] {Threei} nice one
[10:20] {ese} mags....was there any news on aig this morning
[10:21] {magoo} i believe there was
[10:22] {ese} it's hangin up there pretty good like there has been
[10:22] {magoo} ya
[10:22] {Threei} wonders never cease:
[10:22] {Threei} OGXI Update: Thomas Weisel reiterates Overweight rating, price target $55 from $60
[10:22] {magoo} huh?
[10:26] {dino} dundee cuts to neutral
[10:27] {magoo} AIG dificult here
[10:27] {magoo} wants up, but
[10:28] {dino} ess
[10:29] {ese} ya ...i'm tempted mags....but will wait
[10:29] {nemo} ctxs short .50 if holds below .60
[10:29] {nemo} oops triggered
[10:30] {strider} iin .49
[10:31] {nemo} watch that volume strike strider if it gets by that support at .47 should be cool
[10:31] {strider} big buy at .44
[10:31] {strider} bid
[10:32] {strider} went away
[10:32] {nemo} see .42, that's at the 200 fwma
[10:33] {nemo} amzn looking short but big stop
[10:34] {nemo} partial strider
[10:34] {Threei} beasutofu;
[10:34] {Threei} beautiful too
[10:34] {strider} out in full.37
[10:34] {strider} thanks, nemo.
[10:34] {nemo} yw
[10:35] {strider} you are good for something, I guess.
[10:35] {nemo} You have no idea...
[10:36] {Les} AIG beginning to look like a short?
[10:38] {Threei} I don't see any setup on it eaither way
[10:38] {Les} yeh
[10:38] {nemo} amzn coming back to support
[10:40] {nemo} if it loses 135 could go to 134.25
[10:41] {dino} aixg stopped -.21
[10:41] {strider} looking to short HOG somewhere above 26
[10:43] {dino} scanners solid red
[10:45] {strider} DEER in the headlights, thin.
[10:47] {Les} FCX
[10:47] {strider} amzn holding well
[10:47] {nemo} drops .90 it's a short
[10:48] {nemo} was big offer at 135.04
[10:48] {strider} too big for me...but you're probably right.
[10:49] {Les} FCX short 78 break vad?
[10:49] {nemo} made a .15 range over last 8 minutes
[10:49] {nemo} excuse me, over 6 minutes
[10:49] {strider} good call, nemo
[10:50] {nemo} would be 1:1 on the short
[10:51] {nemo} fcx setting up a range, new resistance at .10, support at 77.99
[10:52] {nemo} 200 ma at .11
[10:53] {fernp} HGSI if breaks 30?
[10:53] {strider} RI
[10:53] {strider} MM new low
[10:53] {strider} RIMM
[10:54] {nemo} sorry, I missed that one
[10:54] {strider} well tighten up, nemo.
[10:54] {nemo} too many stocks, too few eyes
[10:55] {Threei} I'd like a bit more of consolidation fern
[10:55] {Threei} this is way too erratic
[10:56] {Les} rather ugly spike on hgsi
[10:56] {fernp} already in
[10:56] {fernp} out .10
[10:56] {Threei} then you have 1:1
[10:56] {nemo} rimm consolidating in range
[10:56] {fernp} lucky
[10:58] {magoo} rimm was 74 yesterday..it was 63 when annonvced..popped to 75
[10:58] {nemo} look for Rimm bounce aroud .15
[10:58] {patience} .
[10:59] {strider} that was a pointed remark.
[10:59] {Les} point taken
[10:59] {ese} aig ...everyready battery
[11:00] {nemo} bounced at .20 sorry
[11:00] {ese} l aig .82
[11:00] {Les} that's it, someone bounce Nemo from this room...
[11:00] {fernp} AET breaking lod
[11:01] {ese} out aig .90 +.08
[11:02] {ese} wow
[11:02] {dino} hk s enoc .30
[11:02] {nemo} if rimm gets through .15 it's clear sailing for almost 2.00
[11:02] {ese} smokers
[11:03] {dino} hl i mean
[11:04] {Threei} AIG pullback is coming
[11:05] {ese} not the way it's going today
[11:05] {ese} nowhere to get back in
[11:05] {Threei} oh well... not chasing anyway
[11:06] {ese} me either
[11:06] {fernp} AET looks nice if loses 34
[11:08] {Les} FCX
[11:08] {Les} about to break lod
[11:13] {dino} pwrd gap fill, sept
[11:14] {nemo} tight range amzn, large bid 134, not moving up with market
[11:15] {nemo} big offer 08
[11:15] {ese} aig short covering i guess
[11:16] {ese} panic short covering
[11:16] {magoo} bored traders gravitating to it
[11:16] {Threei} careful with this thing...
[11:16] {Threei} it was never an easy trader,
[11:16] {Threei} except that summer rally on it
[11:17] {Threei} and we are having another nice day today, this one is exactly what can ruin it
[11:17] {ese} you reering to aig
[11:17] {ese} referrng
[11:17] {Threei} yes
[11:17] {Threei} let me distrasct you for a minute instead
[11:17] {ese} ya definitely
[11:17] {Threei} just two for now, will add more later
[11:17] {Threei} http://www.realitytrader.com/photography/2009/12/christmas-lights.html
[11:18] {ese} thats why i took the quick hit.....i don't trust it
[11:18] {dino} wag hl l .70
[11:19] {ilana} are you long PWRD, dino?
[11:19] {dino} aixg hl l .23 last try
[11:22] {fernp} Vad, What is the correct stop for AET, .10 or .15,?
[11:22] {Threei} both are valid
[11:22] {Threei} even .05 is
[11:23] {strider} nice pics, vad. Is that your house?
[11:23] {Threei} yeah, and that's me on the top
[11:24] {strider} Don't let Bill Gates see this. He thinks he's got a house.
[11:24] {dino} not yet ilana
[11:24] {ese} l fitb.29
[11:25] {dino} ilana, not yet
[11:25] {dino} opps
[11:30] {nemo} amzn flirting with support again
[11:30] {dino} hl l pwrd .05
[11:31] {magoo} rimm holding in this mkt pllbk
[11:32] {dino} .87 stop
[11:32] {nemo} got volume spikes at support and re-test on amzn
[11:36] {magoo} look AIG now
[11:36] {magoo} brutal
[11:37] {Threei} it is
[11:37] {Threei} and worst thing is:
[11:37] {Threei} this level of which it dropped, was not any different from a few others before that didn't provide a drop
[11:38] {Threei} no tell where to continue pushing l.ong and where to go for reversal
[11:38] {dino} pwrd stopped -.27
[11:39] {fernp} PGF interesting
[11:39] {nemo} rimm might be offering a long here .75 break stop under .65
[11:39] {magoo} i had it long 29.60
[11:39] {magoo} it fell took me out 29.50
[11:40] {magoo} then blast off
[11:40] {magoo} i missed the entire ru
[11:40] {magoo} run
[11:40] {nemo} what time mags?
[11:40] {dino} aixg stopped -.25
[11:41] {ese} man....the spreads on fslr are crazy...always between .15 and .30 cents....can't believe i tried playing thqt thing at one time
[11:41] {magoo} 10:32 strid
[11:42] {dino} i pretty much suck today
[11:42] {magoo} worste stop i ever kept SIGH
[11:42] {nemo} yeah
[11:43] {magoo} see AIg hasnt run like this in 6 weeks...lulls u into not believing...then POW
[11:47] {fernp} AET 1:1
[11:47] {Threei} AET 1:1
[11:47] {Threei} lol
[11:47] {Threei} machine gun sound of your bid being hit alerted you to it?
[11:48] {Threei} or you don't use sound alert?
[11:48] {fernp} lol
[11:48] {magoo} luv that sound..cant trade with out
[11:48] {Threei} that was my gift to you mags
[11:48] {Threei} I totally love it
[11:48] {fernp} yes register cash (i thinhk)
[11:48] {magoo} it was I CANT without
[11:48] {Threei} ok... fern has his own
[11:50] {fernp} my sound is very similar to the sound you use in your videos
[11:50] {Threei} for executed orders?
[11:51] {fernp} y
[11:51] {Threei} ok... if you want to try the original, wistle... I'll send it to you :)
[11:51] {Threei} whistle
[11:51] {magoo} everyone should have it
[11:52] {magoo} its made dino DUCK and run for cover on huge blocks
[11:52] {Threei} how about I just upload it on the website
[11:52] {fernp} please, do it
[11:53] {nemo} check your mail Vad
[11:54] {nemo} I think your's is a camera click, Vad
[11:54] {Threei} http://realitytrader.com/vad/
[11:54] {Threei} scroll down to
[11:54] {Threei} click.wav
[11:54] {Threei} right click, save as
[11:56] {dino} met l off .60
[11:56] {magoo} vad, do u have to be in laser to use that?
[11:59] {Threei} hmm?
[11:59] {Threei} sorry, don't understand
[11:59] {magoo} can dino load that click to work with cyber?
[12:01] {dino} don't want it
[12:01] {fernp} if cyber allows link a sound whe your order is executed, then yes
[12:04] {Threei} yeah, it's just a sound file
[12:04] {Threei} whatever uses them can use it
[12:05] {strider} Are ECN limit orders executed by first-in-first-out?
[12:05] {strider} AET spike
[12:05] {fernp} look at AET, hit 1:1 and bounced
[12:07] {ese} l fitb avg .27
[12:09] {strider} stop DEER +.66, from yesterday.
[12:10] {fernp} gj
[12:11] {strider} :)
[12:11] {nemo} hey, dino, take a look at FDX
[12:11] {ese} nice one st.......
[12:11] {dino} hmmm
[12:12] {strider} vad, you're falling down on the job.
[12:12] {strider} Who's on TV?
[12:12] {Threei} hmmm
[12:12] {Threei} not on mine
[12:13] {nemo} Brittany Murphy?
[12:13] {magoo} news F vad
[12:13] {strider} Big O meeting with community bankers.
[12:13] {dino} dagny taggart?
[12:14] {Threei} nothing fresh
[12:14] {magoo} tyATHX
[12:17] {Threei} ahha!
[12:17] {Threei} guess who is on TV
[12:18] {nemo} Halle Berry?
[12:18] {Threei} you wish
[12:18] {magoo} rupert from survivor?
[12:18] {strider} Debra Kara Unger
[12:18] {dino} grrr pwrd
[12:18] {Threei} ummm... mags.... you stay away from me...
[12:19] {strider} At least it wasn't Richard from survivor.
[12:19] {strider} I think he's still in prison.
[12:19] {nemo} probably loving every minute of it
[12:20] {dino} lol
[12:20] {strider} ....and that's the long and the short of it.
[12:20] {nemo} BWAHHAHAHAHAHAHAHAAAAA
06[12:20] * magoo slaps nemo around a bit with a large trout
[12:22] {strider} HGSI spike
[12:23] {dino} enoc stopped
[12:23] {strider} BRCD c&h daily, fwiw
[12:23] {strider} filled gap
[12:24] {magoo} MNKD
[12:24] {dino} rino hl l .88
[12:34] {fernp} PFG 1:1
[12:38] {strider} AET nice traingle
[12:38] {fernp} ALL 1:1
[12:49] {strider} VIX 19.86
[12:49] {nemo} aig
[12:55] {Threei} OGXI
[12:55] {Threei} OncoGenex Pharmaceuticals, Inc Update: Price Target raised to $56 from $40 at Wedbush, maintains Outperform rating
[12:55] {Threei} - Note: OGXI and Teva Pharmaceuticals agreed to a worldwide development and commercialization agreement for OGX-011 in the prostate cancer and non-small cell lung cancer settings.
[12:55] {Threei} - OGXI will receive a $60M upfront payment and is eligible to receive up to $370M in clinical, regulatory and commercialization milestones, as well as royalties on all sales in the mid-teens to mid-twenties (firm expects royalties to net out at approximately 20%). The $60M upfront payment includes $10M equity investment (at $37.38/share), a $20M cash payment and $30M in pre-reimbursement for OGX-011 development costs.
[12:56] {Threei} will we ever know what cut OGXI almost in half yesterday?
[12:57] {Threei} quite amazing, and maybe unprecedented: such drop with no apprent rteason and no even next day explanation
[12:58] {nemo} .75 imporant level for rimm...lotsa offers
[12:59] {strider} Apparently nothing other than that licensing deal.
[13:04] {nemo} amzn forming a concentric triangle
[13:07] {fernp} airlines happy UAUA, CAL, AMR, LCC, SKYW
[13:07] {Threei} DAL
[13:08] {fernp} dont forget JBLU
[13:12] {Threei} Senator Nelson: HHS' Inspector General has agreed to look at prescription drug price increases (related PPH )
[13:14] {strider} long OXGI .72
[13:14] {strider} for longer term hold
[13:17] {fernp} OGXI
[13:17] {fernp} longer term? till the end of the session? :-)
[13:20] {strider} till the end of time.
[13:20] {strider} for a swing trade.
[13:20] {fernp} i know :-) HIG .20 break, Vad?
[13:21] {Threei} if you are up to struggle for 5 cents
[13:21] {fernp} if the stop is 5 cents too. why not? :-)
[13:22] {strider} OGXI is going momo
[13:22] {Threei} strider... swing trade may be coming to an end {G}
[13:23] {strider} I'll take 26 bucks for mine. :)
[13:24] {strider} here comes 23
[13:24] {fernp} WFC a bit more active then HIG
[13:24] {fernp} than
[13:25] {nemo} V short if it breaks .95 stop .00 will need market help
[13:26] {strider} FSLR
[13:31] {nemo} v invalidated
[13:39] {nemo} v back in the range
[13:40] {magoo} wat we looking ayt vad?
[13:41] {Threei} nothing right now
[13:42] {Threei} but will start trying to find something soon
[13:42] {fernp} WFC 1:1
[13:43] {magoo} keep eye on ATHX
[13:43] {magoo} RDN
[13:43] {magoo} AIG
[13:43] {magoo} 3..1 for each eye
[13:44] {Threei} hmmm
[13:44] {magoo} vad, dcc
[13:50] {fernp} 1:1 HIG
[13:51] {fernp} what happening? nine trades today and not a single stop? something is wrong... :-)
[13:52] {Threei} sure is
[13:52] {Threei} what kind of trading is this
[13:53] {Threei} you need to stop it immediately
[13:53] {fernp} lol
[13:55] {strider} I'm 3 for 3, and kinda just cruising for now.
[13:55] {strider} fern.....my hero.
[13:56] {fernp} me? nemo is the hero here
[13:56] {nemo} anti-hero
[13:56] {strider} gyro.
[13:56] {nemo} yeah, arguably I spun out of orbit a long time ago
[13:57] {strider} I was likening you to a greek sandwich.
[13:57] {nemo} yeah, sheep meat
[13:57] {strider} always back to sheep, huh?
[13:59] {nemo} wasn't me that mentioned gyros
[14:00] {strider} I can't deal with this woolly thinking.
[14:01] {Threei} US) California Association of Realtors: Nov home sales +4.7%; Median price +5.8%
[14:01] {Threei} - inventory of homes to 4.5 months of supply
[14:02] {strider} OGXI may be gearing up for another run.
[14:03] {lasertrev} strider dcc
[14:03] {Threei} this is quite something:
[14:03] {Threei} http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
[14:04] {dino} met stopped flat
[14:09] {nemo} amzn flirting again with .60...big bid
[14:09] {strider} HIG at hod
[14:10] {nemo} huh, maybe your HOD
[14:10] {Threei} (CH) US Trade Representative: Chinese trade moving towards more restrictive practices; raise questions about commitment to WTO
[14:10] {Threei} - will use US trade laws to preserve US interests against Chinese import surges.
[14:10] {Threei} - hoping to continue progress with China on trade issues in 2010.
[14:11] {strider} 23.35 on LVL 1
[14:11] {strider} I was speaking generally...not at exact cent.
[14:11] {nemo} 10 minutes ago...sheesh :)
06[14:12] * strider slaps nemo around a bit with a large sundial
06[14:12] * nemo slaps strider around a bit with a large Mickey Mouse Watch
[14:13] {nemo} well, I think amazon goes to .25
[14:13] {nemo} then maybe to .76
[14:14] {strider} Are you trading AMZN or just irritating it?
[14:15] {nemo} traded it earlier on a short under 135
[14:15] {strider} still holding?:)
[14:15] {nemo} no
[14:18] {strider} ADM: U.S. finds salmonella in Canada canola meal shipped by Archer Daniels subsidary
[14:18] {strider} This is being reported by Reuters, citing FDA records
[14:18] {strider} All you canola canucks, be careful.
[14:18] {nemo} gag
[14:19] {strider} did you get some too?
[14:19] {nemo} no, your sense of humor
[14:19] {strider} That wasn't humour. That was alliteration.
[14:20] {nemo} A witty attempt at humorous alliteration then
[14:20] {Threei} you guys make me feel better abiut my sense of humor
[14:21] {nemo} What sense of humor?
[14:21] {strider} aw, no need for that, vad.
[14:21] {Threei} keeping an eye on OGXI
[14:22] {Threei} if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[14:22] {nemo} Ho Ho Ho
[14:23] {nemo} rimm coughing up the furball again
[14:30] {nemo} look at RIMM .44 level
[14:31] {nemo} so much for that
[14:33] {nemo} look at the volumes
[14:40] {dino} met l .51
[14:41] {dino} sm l v .10
[14:42] {dino} fdx lod
[14:45] {magoo} aig
[14:46] {Threei} probably deserves a chance onn .10 break
[14:47] {nemo} double top at .15
[14:47] {Threei} first top being two hours ago??
[14:47] {Threei} nah
[14:47] {Threei} lost support anyway... moot point
[14:56] {nemo} you in aig mags?
[14:56] {magoo} yup
[14:57] {nemo} where?
[14:57] {magoo} .10
[14:57] {fernp} ACI and MEE look fine for a scalp
[14:59] {strider} HIG
[15:00] {Threei} 1:1
[15:00] {Threei} LULU
[15:01] {Threei} Ticks up after CNBC guest James Altucher of Formula Capital recommends the stock into year end
[15:01] {strider} good idea.
[15:04] {magoo} that sucked
[15:04] {magoo} hate aug
[15:05] {strider} I think the feeling is mutual, mags.
[15:07] {fernp} AKS trying to break .70 with a nice daily
[15:09] {strider} OGXI trying again.
[15:09] {Threei} US Senate determines vote for Health Care reform bill to take place at 8:00am ET on Thursday, Dec 24
[15:11] {strider} new high
[15:13] {magoo} ogxi vad?
[15:15] {Threei} 14:21] {Alert} Threei keeping an eye on OGXI
[15:15] {Threei} [14:22] {Alert} Threei if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[15:15] {Threei} feels like preparing
[15:15] {Threei} 23 rejects it, it returns right back
[15:16] {Threei} bodes well for a break-and-run
[15:21] {magoo} where the pllnbk entry vad?
[15:21] {Threei} I have no idea
[15:21] {Threei} you are pushing it mags
[15:21] {Threei} look at the volumes
[15:21] {Threei} look at the activity
[15:21] {Threei} or lack thereof
[15:22] {Threei} these days work for us exactly because we stay nimble
[15:22] {magoo} gotcha, not in iyt
[15:22] {Threei} start squeezing trades and you will be buried under stops
[15:22] {magoo} ya ya
[15:22] {magoo} (blood diamond)
06[15:22] * strider slaps magoo around a bit with a large bottle of valium
[15:23] {magoo} "in the states its bling bling luv..here it bling BANG"
[15:23] {strider} going from AIG to OGXI is quite a change:)
[15:29] {strider} Anybody here ever traded the vix?
[15:31] {dino} no
[15:31] {strider} I guess it's pretty, uh........volatile.
[15:33] {Threei} well
[15:33] {Threei} will it or will it not
[15:34] {strider} market just hasn't realized how incredibly valuable this stock is.
[15:35] {Threei} uhhu
[15:35] {Threei} it has whole 4 letters
[15:35] {nemo} frickin lulu
[15:43] {dino} out wag .88, +.18 all day
[15:48] {dino} out met +.04
[15:48] {nemo} paint dry yet?
[15:48] {Threei} CLNE second day climb
[15:52] {nemo} Mmmmhhhhhh RIMM finishing near the low of the day???
[15:53] {Threei} too bad we are so close to eod
[15:53] {Threei} both LULU and OXGI look likel ready for another leg
[15:54] {nemo} yeah, and rimm will gap down big overnight
[15:54] {strider} LULU waits for no man.
[15:54] {Threei} there you go LULU
[15:54] {strider} maybe they'll gap up tomorrow.
[15:54] {Threei} I prepared:
[15:54] {Threei} and there you go OGXI
[15:55] {Threei} and waiting to use it
[15:55] {strider} save it till morning.
[15:55] {Threei} 5 minutes still
[15:55] {nemo} whoa rimm
[15:55] {Threei} yeah
[15:55] {Threei} what was it about furball
[15:56] {Threei} or hairball
[15:56] {nemo} yep.
[15:57] {Threei} our consistency is quite amazing these days
[15:57] {nemo} big buying this level rimm
[15:57] {nemo} new low though
[15:57] {strider} don't say that, vad. Say...back to normal consistency.
[15:58] {Threei} yes,
[15:58] {Threei} I mean for this low volume holiday trading
[15:58] {strider} ah
[15:58] {Threei} normal consistency is very abnormal
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening
[15:59] {nemo} gnite
[15:59] {Threei} see you tomorrow
[15:59] {strider} thank you , vad.
[16:00] {dino} out v .25, +.15

Dec 21 2009

Sloooow but profitable day. Not much but enough to justify waking up.

Session Time: Mon Dec 21 00:00:00 2009

[08:30] {Threei} Chicago Fed Nov National Activity Index: -0.3 v -1.08 prior

[08:30] {nemo} yawn

[08:31] {Threei} totally

[08:35] {Raven} lol

[08:44] {fernp} Good morning everybody

[08:46] {Threei} fern :)

[08:46] {nemo} Que tal

[08:47] {fernp} todo va bien :-)

[08:47] {nemo} siempre bien.

[08:56] {Les} Morning :)

[08:56] {Threei} les :)

[08:57] {Les} right, lets talk about last trade for friday if you don't mind

[08:57] {Les} since you guys talked about it without me...

[08:57] {Les} :P

[08:58] {Threei} what else could we do if you left faster than we said a word

[08:58] {Les} http://up.widget.mibbit.com/up/Tod4FqQL.png

[08:58] {Les} 1st question

[08:58] {Les} trigger was .65 b/d. I bought at .65, fearing a drop into trigger - which subsequently happened

[08:59] {Les} is buying at this point your definition of aggressive entry?

[08:59] {Threei} me lost

[08:59] {Threei} bought?

[08:59] {Threei} it was a short

[08:59] {Les} ok ok

[08:59] {Les} shorted

[08:59] {Les} my bad

[09:00] {Threei} you shorted .65?

[09:00] {Threei} not how I remember it

[09:00] {Threei} you shorted higher

[09:00] {Les} yes. note how small bounce ensues following short before the stock drops

[09:00] {Threei} which was aggressive entry

[09:01] {Threei} re read whbat you said... it makes no sense

[09:01] {Threei} [08:58] {Les} trigger was .65 b/d. I shorted at .65, fearing a drop into trigger - which subsequently happened

[09:01] {Les} ok clarification required

[09:01] {Les} is .65 the trigger. or when the stock ticks down to .64?

[09:02] {Threei} I don't remember what it was fo this particular case

[09:02] {Threei} but it doesn't matter much

[09:02] {Threei} you shorted before any of that was reached

[09:02] {Les} I called .65 trigger, you said yes

[09:02] {Threei} and you shorted somewhere above .70

[09:03] {Les} no no no

[09:03] {Threei} which was, yes, aggressive entry

[09:03] {Les} I told you I was in when it was .70

[09:03] {Les} i had shorted at .65, at 2:27pm or thereabouts

[09:03] {Les} stock bounced back to .70, then dropped to .50

[09:03] {Threei} then you asked me after you shorted

[09:04] {Les} asked you what?

[09:04] {Threei} whether .65 short is valid

[09:04] {Threei} because between your question and your report of entering it didn't touch .65

[09:05] {Les} yes it did

[09:05] {Threei} it dropped to and under after you said you were in

[09:05] {Threei} which was why I asked whether you took aggressive entry

[09:06] {Les} ok, so I shorted at .65, its on my trade log, so it is not aggressive entry

[09:06] {Threei} no, it's not

[09:06] {Threei} and .85 is not the right stop,

[09:06] {Threei} it had resistance at .80

[09:07] {Threei} so you shorted before you asked me

[09:07] {Les} what difference?

[09:07] {Threei} huge

[09:07] {Les} why?

[09:07] {Threei} I am looking at different chart than the one you ,looked at when you enterted

[09:07] {Les} hmmm

[09:08] {Threei} to exaggerate an effect even more,

[09:08] {Threei} imagine that the stock went to .90 after your entry

[09:08] {Threei} and you ask me whether .65 is a triiger

[09:08] {Threei} would m y answer still be the same?

[09:09] {Les} I didn't fear reversal immediately after entry...

[09:09] {Threei} now,

[09:09] {Threei} after you asked me,

[09:09] {Threei} I looked at the chart

[09:09] {Threei} and saw a resistance at .80

[09:09] {Threei} because a stock bounced AFDTER your wentry

[09:09] {Threei} and never went above .80

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:10] {Les} ok so you use the very last bounce as stop do you?

[09:10] {Threei} meaning, the p,ay I was answering you about is a different play than the one you envisioned when entered

[09:10] {Threei} that was the case in this situation

[09:10] {Les} ok, so I shouldn't have looked at the largest bounce prior to entry as stop?

[09:10] {Threei} and this bounce happened after your wentry and before my answer

[09:11] {Threei} I don't know - we are talking about two different plays now

[09:11] {Les} I was looking at previous bounce to .85 to place my stop. this was wrong?

[09:11] {Threei} and I never looked into one you describe now

[09:11] {Threei} [09:11] {Threei} I don't know - we are talking about two different plays now

[09:11] {Threei} 09:11] {Threei} and I never looked into one you describe now

[09:11] {Les} ok. I understand the play that you are envisioning

[09:11] {Threei} see, you are looking at things as if they were static

[09:11] {Les} so decisions for stops can be made with the very last bounce before entry, can they?

[09:12] {Threei} I don't know

[09:12] {Threei} if I looked into play you are describibng now

[09:12] {Threei} I might have seen something different, like for instance:

[09:12] {Threei} no play at all because it dropped from .85 to .65 too sharply

[09:13] {Les} ok, stock is too bouncy for what you define as appropriate setup?

[09:13] {Threei} or maybe there were some bids and offers that had to be accounted for

[09:13] {Threei} I don't know

[09:14] {Threei} you are asking three days later about something that might or might not be there

[09:14] {Threei} but here is something for you to look into:

[09:14] {Threei} the play I answered you about was:

[09:14] {Threei} .65 entry,

[09:14] {Threei} .80 stop,

[09:15] {Threei} and this one dropped to .50, giving you 1:1

[09:15] {Les} yes I know

[09:15] {Les} but didn't know that your stop differed to mine

[09:15] {Les} so I understand that stop was too generous, too large

[09:15] {Threei} see now how outcome changes dependent on the play stricture?

[09:15] {Les} just my opinion

[09:15] {Les} yes

[09:15] {Threei} no

[09:15] {Threei} not justr too large

[09:15] {Threei} it was from a different play altogether

[09:16] {Threei} you played one while asked about another

[09:16] {Threei} look at the log,

[09:16] {Threei} and you'll see this:

[09:16] {Threei} after you reported entry and stop

[09:16] {Threei} I asked whether you took aggresiive entry

[09:16] {Threei} you know why?

[09:17] {Les} I do know

[09:17] {Les} now

[09:17] {Threei} because your stop didn't match the play I saw,

[09:17] {Threei} so,

[09:17] {Les} yes I see

[09:17] {Threei} what I was thinking at the moment:

[09:17] {Les} was different from me

[09:17] {Threei} you entered aggressively,

[09:17] {Threei} and used wider stop, because you got better price and thought you have more room

[09:17] {Threei} which is wrong way to do it

[09:18] {Les} yes I understand...

[09:18] {Threei} so I wanted to give you a running comment

[09:18] {Les} I would not have matched .70 entry with .85 stop

[09:18] {Threei} so did fern

[09:18] {Les} but I had entered at .65

[09:18] {Threei} but it was before you asked, so we already talked about different plays

[09:19] {dino} ogxi strange

[09:19] {strider} morning everyone..

[09:19] {Les} so using bounce from 2 - 2:15pm is a statics setup not suitable for a trade happening 15 minutes later

[09:19] {Threei} strider :)

[09:19] {Les} st

[09:19] {Les} dino

[09:20] {Threei} maybe. maybe not - depends on what happened meanwhile

[09:20] {Les} k

[09:20] {lasertrev} hi

[09:20] {Threei} btw, looking at your entry at 2:27,

[09:20] {lasertrev} all

[09:21] {Les} LT

[09:21] {Les} yeh

[09:21] {Threei} I see .80 as a resistance already

[09:21] {Threei} trev :)

[09:21] {Les} so do I now

[09:21] {Threei} well... good flight review then

[09:22] {dino} fwiw, markets close at 1:00 thursday, closed all day friday

[09:23] {dino} bucy up big

[09:24] {Les} what's special today?

[09:24] {strider} watching anything, vad?

[09:24] {Threei} yeah... les' friday trade

[09:24] {Threei} smilet face

[09:25] {Les} oh piss off

[09:25] {Les} smiley face implied

[09:25] {Threei} les, you are drunk or what

[09:25] {Les} hey, its a joke...

[09:25] {Les} next item of the day

[09:25] {Threei} ok, what the deuce with OGXI

[09:26] {Threei} OncoGenex Pharmaceuticals, Inc Signs license agreement with TEVA to develop and commercialize multiple oncology indications; Will receive $60M initial payment

[09:26] {Threei} - Teva and OncoGenex Pharmaceuticals announced today that they have entered into a global license and collaboration agreement to develop and commercialize OGX-011, as well as an agreement to purchase shares in OncoGenex.

[09:26] {Threei} - Under the terms of the collaboration and share purchase agreements, Teva will provide OncoGenex with a $60M initial cash payment, which includes a $10M equity investment in OncoGenex common stock at a price of $37.38 per share, upfront payment of $20million and prepayment of $30M for OncoGenexs contribution to the development costs of OGX-011.

[09:26] {Threei} how does it transpire into 7 points drop?

[09:27] {dino} thats why i brought it up

[09:27] {magoo} morning

[09:27] {Threei} mags :)

[09:27] {strider} morning magoo:)

[09:28] {Les} mags

[09:30] {magoo} ATHX

[09:31] {magoo} AA

[09:31] {Les} fcx as well

[09:32] {Threei} everything

[09:32] {Threei} market spiked, so most of stocks

[09:32] {Threei} look at RIMM

[09:32] {Threei} 70 cents

[09:32] {dino} i don't get ogxi

[09:32] {nemo} amzn

[09:32] {Les} fcx might be a dbi if it continues

[09:32] {dino} esrx spike

[09:33] {Threei} dbi?

[09:34] {Les} oops sorry wrong setup

[09:34] {Threei} AA

[09:34] {Threei} watch for pullback,

[09:35] {Threei} entry around .20 - .25 if drops there fast

[09:35] {Threei} RIMM{ watching for .50 - .60 entry

[09:35] {fernp} XCO , Vad?

[09:35] {nemo} why is spy up so much...snap back?

[09:36] {Threei} very nice daily for a break fern

[09:36] {fernp} ok i'll try .40 break

[09:39] {dino} wag

[09:39] {Threei} Long Setup: BRCM .90

[09:40] {dino} kss

[09:40] {Threei} dinner and a movie first, dino

[09:40] {Les} nice one

[09:40] {nemo} amzn

[09:41] {dino} lol

[09:41] {Les} now we're being funny...

[09:41] {dino} ::)

[09:42] {nemo} BRCM still valid?

[09:43] {Threei} .75 is invalidation level for it

[09:43] {nemo} wfm

[09:44] {ese} morning

[09:44] {Threei} ese :)

[09:44] {nemo} you sure?

[09:45] {dino} ths, buying out and goes up

[09:46] {nemo} crm

[09:47] {magoo} ogxi vad HAMMERED

[09:47] {Threei} scroll up mags

[09:47] {Threei} we exchanged on it

[09:47] {magoo} nope

[09:48] {Threei} and expressed utter puzzlement

[09:48] {Les} kss looking good

[09:48] {nemo} gld coughing up furball

[09:48] {Threei} if it drops 9 points on cooperation witn TEVA, good thing it never signed up on cooperation of Pfitzer

[09:48] {nemo} mon dropping

[09:49] {Threei} it would have been decimeated to single digits

[09:49] {dino} wag beats and drops

[09:49] {Threei} Short Setup: GLD .65

[09:50] {nemo} end of year Steve Miller play

[09:50] {fernp} XCO trying to break

[09:50] {Threei} stop above .80

[09:50] {magoo} over point bounce OXGI

[09:51] {Threei} no go GLD

[09:51] {nemo} is brcm invalidated by boredom?

[09:51] {fernp} lol

[09:51] {Threei} lol

[09:52] {nemo} :)

[09:52] {magoo} no laughing..i need complete focus on BRCM :)

[09:52] {nemo} oooohhhhhhhh.....touchy

[09:52] {Threei} sorry mags

[09:52] {Threei} no one says a word until BRCM triggers

[09:53] {Threei} (that should keep us all silent for couple weeks)

[09:53] {nemo} NASCIH

[09:53] {Threei} CSIQ lost its mind

[09:54] {Threei} Long Setup: AONE 20 break half lot

[09:54] {Threei} stop under .85

[09:54] {nemo} damn

[09:55] {dino} rino sm l .35

[09:56] {dino} stop .98

[10:01] {Threei} frikin GLD

[10:01] {fernp} cruel

[10:02] {fernp} BRCM guys

[10:02] {nemo} yeah, in

[10:03] {Les} can we tighten stop from original call vad?

[10:03] {Threei} I think so, it consolidated above .80 long enough

[10:04] {nemo} huge order .95

[10:04] {nemo} offer

[10:04] {Threei} good

[10:04] {Threei} should spike nicely upon breaking it

[10:05] {Threei} this starts looking like low volume climb day

[10:05] {nemo} ecept it's up big already

[10:05] {Threei} one of those relentless up up and up

[10:06] {Threei} GS Rochdale's Bove warns that a forthcoming article in Bloomberg magazine will attack Goldman Sachs for avoiding certain taxes for years (timing uncertain)

[10:06] {strider} OGXI

[10:06] {Threei} lol

[10:06] {Threei} this is so werid

[10:07] {Les} Information warfare on wall st.

[10:07] {Threei} Fed's Evans: 2010 growth estimated at 3-3.5% - CNBC (related TLT EUR/USD USD/JPY )

[10:08] {nemo} where stop on brcm now?

[10:08] {Threei} under .80

[10:10] {Threei} I reread OGXI news for the third time

[10:10] {Threei} I give up

[10:10] {ese} L fitb .99

[10:10] {strider} big offer at .15 AONE

[10:10] {Les} GLD

[10:11] {nemo} amzn

[10:11] {dino} same here 3i, no sense to it

[10:11] {Threei} good thing TEVA paid only 60 mil

[10:11] {dino} one of those "anything can happen"

[10:11] {nemo} huge orders amzn at 132

[10:11] {Threei} OIGXI would go pink sheets if TEVA paid 100 mil

[10:11] {nemo} fakeouts?

[10:12] {Threei} we will know when first buys go at that price

[10:12] {strider} out +.64 OGXI

[10:12] {nemo} seving as roof

[10:13] {Les} nice st

[10:13] {Les} out BRCM .99 undercut huge offer at 32

[10:13] {strider} out +.14 AONE

[10:13] {magoo} good 1

[10:13] {Threei} guys, I'll leave it to your discretion to wait for .15 break on AONE or take profit or partial here

[10:14] {Threei} whatever you choose, stop is trailed to .90

[10:14] {strider} out +.13 BRCM from early entry

[10:14] {Threei} over 1:1 AOPNE

[10:14] {Threei} AONE

[10:14] {magoo} im waiting at .40 area vad AONE

[10:14] {ese} if qqqq can't break 45 soon then i'm outta fitb

[10:15] {Threei} I'd call you crazy mags, but I hate to state the obvious

[10:15] {Threei} wait

[10:15] {Threei} I love to state the obvious

[10:15] {Threei} you are crazy

[10:15] {nemo} amzn blew through 132

[10:15] {fernp} 1:1 XCO

[10:15] {Threei} didn't watch it nemo... were offers real?

[10:15] {nemo} yes

[10:15] {Threei} or they canceled?

[10:16] {Threei} ok

[10:16] {Threei} wtg fern

[10:16] {fernp} ty

[10:16] {Threei} AONE 1:2

[10:17] {Threei} nice going strider

[10:17] {nemo} 1/2 out brcm

[10:17] {strider} :)

[10:17] {Threei} BRCM... offers at 32 are chinese wall

[10:17] {nemo} yeah, could take a while

[10:17] {Les} means what?

[10:18] {nemo} Les thing "Great Wall of China"

[10:18] {Les} yeh, not sure if we're talking chinese wall ala wall st style...

[10:18] {Les} you know, fake walls

[10:18] {Threei} by itself, just that it's a level of big decisions

[10:18] {dino} fds sm l .59 stop .29

[10:18] {nemo} those are Potemkin Villages Les

[10:18] {Threei} whether it's going to be taken or not is not known

[10:19] {fernp} out BRCM ty Vad

[10:19] {Threei} welcome

[10:19] {Les} sorry nemo, just wiki'd your reference there

[10:19] {Les} you saying that BRCM is fake offer?

[10:20] {nemo} no, because there are so many of them

[10:22] {Threei} here comes .40 on AONE for Magoo the Crazy

[10:22] {magoo} crazy like a fox :)

[10:22] {Threei} Alexander the Great... Ivan the Terrible... Magoo the Crazy

[10:23] {Les} gotta hand it to him. mags gets what he wants

[10:23] {magoo} out .44 TY

[10:23] {Threei} welcome sir

[10:23] {Threei} I never said he was wrong les... just that he was crazy

[10:23] {Les} gld bounce before b/d?

[10:23] {magoo} and even with his comments, i stay the course

[10:24] {Les} for the rewards on offer, I can dig Vad's cheek

[10:24] {Threei} never said you shouldn't... just qualified you as a type

[10:24] {magoo} was laid out there .44..hit the top

[10:24] {magoo} LUCKY

[10:25] {ese} vad opinion please.......this market strong enough to give fitb a push....or are you finding it a litl weak

[10:26] {Threei} my feeling is, market will climb ever so slowly throughout the day

[10:26] {magoo} imo..strong mkt

[10:26] {ese} tks....christmas effect?

[10:26] {nemo} amzn

[10:26] {magoo} ya ya

[10:26] {magoo} santa coming

[10:27] {Les} GLD b/d coming?

[10:27] {Threei} no idea on GLD

[10:27] {ese} i'm thinking that.......then it tanks in the new year.....anyone of that opinion

[10:27] {Threei} Christmas budget:

[10:27] {magoo} i am

[10:27] {Threei} photo with Santa: $10

[10:28] {Threei} photo with Santa helper: $2.500 to keep it off youtube

[10:28] {Les} ?

[10:29] {Les} sounds like a mastercard ad

[10:29] {Threei} sigh... is it THAT deep?

[10:29] {Les} ...priceless

[10:32] {Threei} GLD, snapback is more likely here

[10:32] {Threei} no call

[10:32] {Les} yeh fcx just did that

[10:32] {Threei} just a running commentary

[10:32] {Les} was wandering about long 77.

[10:32] {Les} woulda worked

[10:33] {nemo} brcm looks like it's losing steam

[10:33] {strider} long HOG .85, stop lod

[10:33] {Threei} snapback it is

[10:34] {Threei} .20 recross was it on GLD

[10:34] {Threei} don't want to call it until I feel I restore grip on it

[10:34] {Les} fine, I need stronger calls than I've been playing myself

[10:36] {ese} l bucy .04

[10:36] {Threei} you took those we had so far?

[10:37] {ese} out bucy .23

[10:37] {ese} +.19

[10:37] {Threei} nice break/spike

[10:38] {Les} BRCM worked nicely ty

[10:38] {ese} tks

[10:38] {Threei} no AONE?

[10:39] {Les} no, by accident bought BRCM early.

[10:39] {Les} modified my one click preferences...

[10:40] {Threei} White House plans to "routinely fine airlines" for any lengthy delays on the tarmac - WSJ

[10:40] {Threei} that's right

[10:40] {Les} lol, during this winter?

[10:41] {Threei} let's get them into the ground for good

[10:41] {Les} how is the weather by the way?

[10:41] {Threei} will help environment too

[10:41] {Threei} enough with this flying around

[10:41] {ese} fitb....driving me nuts

[10:41] {Threei} if god wanted us to fly...

[10:42] {Threei} les... weather where?? :)

[10:42] {Les} your way

[10:42] {Threei} in our neck of the wood is a beauty

[10:42] {Threei} warm... light drizzle

[10:42] {Les} over here, lovely powder. kids equipped with skis today

[10:42] {Threei} east coast is totally different story

[10:42] {nemo} we have 2 feet of snow and sub zero wind chill

[10:43] {Les} so its all east coast?

[10:43] {Threei} yes

[10:43] {Les} FCX gunning for hod

[10:45] {magoo} 23 inches of snow fell in philadelphia this weekend

[10:45] {fernp} sunny here, as always

[10:45] {magoo} temp in teens faren

[10:46] {Les} back later

[10:49] {ilana} RIMM .60 breakdown?

[10:52] {Threei} no clear read

[10:56] {nemo} out brcm

[11:00] {dino} hl l apol .49

[11:00] {dino} stop lod

[11:06] {Threei} NVDA...

[11:07] {Threei} 17.10 break was so perfect

[11:07] {Threei} how come I haven't noticed it at the time

[11:08] {nemo} .41 break looks good

[11:09] {dino} apol stopped -.25

[11:10] {strider} WY interesting

[11:11] {ese} Lbucy .00

[11:12] {ese} out bucy .14

[11:13] {nemo} nvda beginning to chew through .40 level

[11:15] {nemo} chewed through and stopped

[11:16] {ese} thats a nice trading stock bucy.......volitility .02 is not to huge yet when it breaks out it gives you want you want quickly and orderly......1500shs lots work well

[11:19] {magoo} AONE spike

[11:23] {ese} aone.......is that the ipo where the ceo shot himself in the foot the first day that it traded.......talking about diluting the float with another public offering

[11:24] {nemo} missed crm break, damn

[11:26] {Threei} can't remember ese... someone did that but I am not sure it was AONE

[11:27] {ese} ya can't remember either.......just making conversation with not much going on

[11:34] {ese} fitb is gonna take of here at some point.......it's just bloody when!!!

[11:40] {Threei} is it a perfect freeze or what

[11:45] {strider} stoppedd HOG -.13

[11:46] {Threei} strider... I suspect this stock has some em otional appeal for you

[11:46] {strider} It does as a short :)

[11:46] {strider} Like you with gld....

[11:47] {Threei} well, my general directional bias is right on GLD

[11:47] {Threei} look at it move ever since I said it was to crash and burn

[11:48] {Threei} it's particular method iof trading it with which I have difficulty

[11:48] {strider} mine is right with HOG, too. I was playing against that. didn't work.

[11:48] {nemo} you gonna' play that Johnson motorcycle IPO strider?

[11:50] {strider} I think I'll pass on commenting on that one.:)

[11:52] {strider} But it's obviously a long.

[11:58] {Threei} someone poured a lot of superglue on the SPY today

[11:58] {Threei} and QQQQ

[12:01] {magoo} dam FCX

[12:03] {Threei} hey... ese'ds FITB moved 1 cent

[12:04] {nemo} you like cat short if breaks .45, stop above .52?

[12:05] {Threei} I like long on .52 break with stop under .45 even more

[12:05] {strider} APOL spike

[12:06] {Threei} over 1:1

[12:07] {dino} last try apol hl l .51

[12:07] {Threei} anyone went for CAT, get out

[12:13] {strider} hmm......long DEER from 10.35 in pre-market. what to do....what to do.

[12:14] {strider} see if it will break 11.

[12:15] {ese} hey vad......just saw that.......was downstairs...someone is fixing out electrical service today

[12:15] {strider} ese, DRYS sure is dead in the water.

[12:15] {strider} And I'm under it.

[12:16] {Threei} you have whole 3 cents move ese

[12:16] {Threei} this is no small feat today

[12:17] {ese} sure is ST.......i still have a positon there at .24........it's a longer term hold.......got time there

[12:18] {strider} I'm at .42. No clear support between here and 5.66.

[12:19] {ese} might just take my 4 cent move and call it a day vad vad

[12:20] {Threei} hey, it's 5 already

[12:20] {Threei} you are richer than you think

[12:20] {ese} oh....wait a minute....some movement........WOW! another .01 cent...cool

[12:21] {ese} have 20k of this sloth vad.......it's a nice day

[12:21] {Threei} :)

[12:22] {ese} out 1/2 +.05

[12:24] {ese} rest is gravy......stop to break even.99

[12:25] {dino} gj

[12:26] {ese} tks

[12:29] {Threei} losers in current healtcare bill: tan salons, new tax,

[12:29] {Threei} generic drug manufacturers

[12:30] {Threei} indivividuals making more than 200K and couples - more than 250K

[12:31] {nemo} rimm at pivot support

[12:32] {strider} not any more.

[12:33] {nemo} what? Precious Steinway?

[12:34] {strider} WLP drop on news

[12:36] {Threei} WLP Connecticut AG requests Anthem health to leave contractual clauses as part of anti trust investigation

[12:36] {Threei} - AG claims the clauses negative4ly impact Charter Oak health plan (59.77, +1.46, 2.50%)

[12:36] {ese} hmmmmm thought fitb was gonna stop me out for balance of position......must be some strength there

[12:40] {strider} short WLP .61

[12:40] {ese} hey nemo........what are you going to do without your tannin salon appointment every week.....you'll go crazy

[12:40] {nemo} I'm the last person you'd catch in one of those

[12:40] {nemo} dork

[12:40] {ese} rotflol

[12:41] {Les} AWIAV?

[12:41] {Threei} in the money and in coma

[12:41] {Les} sounds good

[12:41] {Les} volume today?

[12:42] {Threei} also, nemo is in tanning salon as we speak

[12:42] {Les} trading with what?

[12:42] {ese} ya.......he tried to deflect ture intentions but it didn't work

[12:42] {ese} true

[12:43] {Les} wfc

[12:43] {ese} were all onto him......it's no secret

[12:43] {Threei} and ese is in local branch of his bank, trying to see if they give him cash advance for his 2010 trades

[12:43] {ese} ha ha

[12:44] {Threei} magoo is kind of half n' half... his upper half in in dino's fridge, consuming last of dino's beer

[12:44] {Les} I wanna know how that works...

[12:45] {Threei} we will never know Les

[12:45] {Threei} if it works, ese is going to spend the rest of his life on unnamed islands

[12:45] {ese} vad.......this is good............ doing one of them trading year in review for this board.........

[12:45] {Threei} enjoying beaches and drinks with umbrellas

[12:45] {Les} he should become trader for AIG

[12:46] {dino} lol

[12:46] {Threei} he claimed such profits for his future trades that if he caszhes out on them, we will never hear from him again

[12:46] {ese} think Enron

[12:47] {ese} will cut off nemos power supply and then he will be forced to do the tanning sallon

[12:47] {Threei} if he can do whole salon, why he even needs that tan...

[12:48] {strider} RIMM breakdown

[12:49] {ese} this is funny...just received from a friend on email....definition of FORD....."found on the road dead"

[12:49] {nemo} bounce at .20 or so maybe .40

[12:49] {ese} FIAT......"fix it again tony"

[12:51] {dino} 'dodge

[12:51] {dino} ' name, sort of a warning to oncoming traffic

[12:51] {magoo} jeep = just empty every pocket

[12:53] {ese} lol

[12:53] {Threei} lada - let's all drink... umm, last a is kind of useless

[13:02] {Les} Vad, GG/AUY bouncing with GLD. you read anything in them?

[13:03] {Threei} don't see any setups, and no volatility to speak of

[13:11] {Les} someone with toilet humour trying to get in...

[13:13] {strider} gee, that's not what I think of when I see the word "cubicle" misspelled.

[13:13] {Les} sorry, bad joke...

[13:13] {strider} :)

[13:18] {strider} short HOG .81

[13:18] {strider} stop .90

[13:22] {Threei} Short Setup: CAT .35

[13:22] {Threei} if stays under .45

[13:23] {fernp} you have forbidden short HOG, strider :-)

[13:24] {strider} hope to butcher it this time.

06[13:25] * Threei slaps nemo around a bit with a large Christmas tree, with decorations, lights and big sharp angel at the top

[13:25] {strider} you guys got the wrong impression about me and HOG....I think they should be shorted. Never had one myself.

[13:25] {nemo} imaginative

[13:26] {nemo} rice burner guy

[13:26] {strider} CAT in wally dated.

[13:26] {Les} pre-emptive?

[13:26] {fernp} LVS short if loses .55, Mr Graifer?

[13:27] {Threei} worth a try

[13:27] {fernp} ty

[13:27] {Threei} stop is narrow enough

[13:27] {Les} WMT Vad?

[13:28] {Threei} strider, think of us this way: every time we are lucky to stumble onto wrong impression we hold on to it for dear life, insist on it being right and generally enjoy all ther fights we can get into defending that impression

[13:28] {Les} hmm and here I thought we were different from wall st and washington...

[13:28] {strider} OK .. then I'm in the right place. :)

[13:28] {Threei} I like WMT chart for long, I just doubt we can get resolution before the day is over

[13:29] {Les} ok

[13:29] {Threei} we are very different les

[13:29] {Threei} difference is:

[13:29] {Threei} we do it for the love of having an opinion

[13:29] {Threei} we don't change it depending on who pays

[13:29] {Les} :D

[13:30] {Threei} and we don't even care abput opinion so much as we love to fight

[13:30] {fernp} strider... you should buy a HOG

[13:30] {Les} well I might put a small stop on WMT and let it go while doing dinner...

[13:30] {Threei} what is the first thought I have seeing that huge Chritsmas tree

[13:30] {Threei} why, slap nemo woth it of course

[13:31] {Les} what tree?

[13:31] {Threei} scroll up...

[13:31] {Threei} to 13:25

[13:31] {strider} short LVS .53

[13:32] {strider} missed the right entry

[13:32] {Threei} by just one cent

[13:32] {Threei} no biggie

[13:36] {strider} has the world stopped?

[13:36] {Threei} anf the Earth stood still

[13:37] {strider} LVS stop a over .60?

[13:37] {strider} or .58

[13:37] {Threei} yes

[13:38] {nemo} rimm vad?

[13:38] {nemo} s or l

[13:39] {Threei} n

[13:39] {Les} read on BIDU Vad?

[13:39] {nemo} look at order at .60 and .59 on rimm

[13:39] {Threei} joke?

[13:40] {nemo} bids

[13:40] {nemo} it's Les, Vad

[13:40] {Les} ?

[13:40] {strider} HOG won't start.

[13:40] {Threei} oh you are serious...

[13:41] {Les} ok I get it

[13:41] {Les} sorry

[13:41] {Les} wow it has a nice range though...

[13:42] {Threei} uhhu... and 60 cents spread

[13:42] {Les} CAT coming back into play?

[13:42] {Threei} and moves a full dollar in one bar

[13:43] {Threei} not unless it spends about 5 min more in the range

[13:43] {Les} k

[13:49] {strider} I must be doing something right, cause I got 3 open, and it sure is boring.

[13:52] {Threei} how does it translate into doing something right?

[13:53] {strider} exciting is bad/boring is good.

[13:54] {Les} this, from a man who rides a huge motocycle?

[13:54] {strider} that's supposed to be exciting. this isn't.

[13:55] {Threei} good point

[13:56] {Les} really? I don't need to jump out of planes now I have trading...

[13:56] {strider} however, in the middle of bragging about doing something right.....I do have 3 shorts open. This is probably not a good thing.

[13:56] {Les} am I doing something wrong?

[13:57] {Threei} hard to tell at this stage

[13:57] {Threei} but if you are still this unbalanced in a year - sure indication of doing everything wrong

[13:57] {dino} strider same here

[13:58] {dino} lo ngs tho

[13:58] {dino} longs

[13:58] {Les} joke vad joke.

[13:59] {strider} wanta throw in together, dino...maybe we can break even?

[13:59] {dino} lol

[14:00] {dino} fds to .89 all day

[14:00] {dino} out +.29 fds

[14:01] {Les} gj

[14:02] {dino} apol to .72

[14:02] {dino} rino to .30

[14:03] {dino} back to sleep

[14:03] {Les} where you finding these stocks dino?

[14:03] {Les} gotta scanner?

[14:03] {dino} posted this a.m.

[14:04] {dino} find them on scanners and leftovers from last weeik big movers

[14:04] {dino} usually i will play big movers for a few days of trades

[14:05] {dino} apol to .79

[14:05] {dino} out apol, +.28

[14:06] {dino} and then there was one...rino

[14:10] {strider} FDO theflyonthewall.com: Family Dollar named a sell Research Tactical Idea at Morgan Stanley

[14:10] {strider} Morgan Stanley expects shares to fall near-term. :theflyonthewall.com

[14:17] {nemo} rimm .91 break stop under .80?

[14:17] {magoo} fly o n the urinal more like it

[14:17] {dino} lol

[14:18] {ese} do do do do doooooo............talk about being out to lunch ....didn't even know i was logged out

[14:19] {Les} ROK

[14:19] {strider} stopped LVS

[14:20] {Les} Vad, X retesting .25 support? good for a long?

[14:20] {Threei} ?

[14:21] {Threei} I see it at high 30s

[14:22] {Les} yeh, I should've just gone long. It briefly returned to the b/o trigger

[14:22] {strider} don't like the looks of HOG

[14:22] {Threei} {HOG} well... I may not be very pretty... but you like bacon, don't you

[14:23] {strider} mmmmm.......good

[14:23] {strider} chart just looking like a long now.

[14:27] {dino} zzzzzzzzzzzzzzzzz

06[14:30] * strider slaps dino around a bit with a large Master Profit Plan

[14:30] {strider} just something to wake you up.

[14:31] {Les} SNDK?

[14:32] {Threei} rather up

[14:32] {Threei} but

[14:33] {Threei} see how there is just no movement anywhere?

[14:33] {fernp} XCO looks like long if breaks .65 (i think)

[14:34] {ese} eyeing bucy again

[14:42] {ese} vell....ve air meeking some ah deem dare moneys on de second 1/2 of moi fitb position

[14:43] {Les} MHS for a beautiful descending triangle

[14:43] {strider} stopped WLP..from a long time ago.

[14:43] {strider} 2 down, 1 to go.

[14:44] {ilana} HGSI

[14:52] {dino} rino to .59

[14:54] {Threei} ok ese

[14:54] {Threei} I tried 6 experts in 11 different languages

[14:54] {Threei} they all gave up

[14:55] {ese} out fitb .11 =}12

[14:55] {ese} +.12

[14:56] {ese} huh....languages for what

[14:56] {ese} ahhhhhhh my previous post

[14:57] {ese} in english i made 12pt on 10k

[14:57] {ilana} RIMM double bottom?

[14:58] {Threei} more or less... I'd prefer entry on pullback to .50

[14:58] {ilana} in .47

[15:00] {ilana} out .62

[15:00] {dino} stopped/out rino .59, +.24

[15:01] {strider} short HOG av. 79, stop b/e

[15:01] {ilana} ahh RIMM

[15:02] {ilana} pesky scalper regret

[15:02] {dino} ths slow rollover

[15:05] {strider} out 1/2 HOG +.11

[15:09] {dino} gj

[15:11] {strider} thanks, dino.

[15:11] {dino} np

[15:17] {Threei} ilana... no regrets anymore about exiting RIMM eh?

[15:17] {nemo} think .40 important level?

[15:17] {ilana} no... pesky scalpers win

[15:18] {Threei} {fern} they so do

[15:18] {Threei} not really nemo... will do whatever market does, RIMM won't have a mind of its own today

[15:23] {magoo} hey vad..look at SNS lol

[15:23] {magoo} reverse spit

[15:27] {Les} GLD setting up for a b/d?

[15:28] {strider} out HOG last half +.15

[15:30] {fernp} wtg

[15:32] {strider} thx fern. This is my best day thus far.

[15:33] {strider} Holding DEER overnight.

[15:33] {fernp} happy to know that :-)

[15:33] {strider} It's actually in swing trading acct.

[15:33] {strider} yeah:)

[15:33] {Threei} eeck

06[15:34] * Threei sells 100K SNS he had overnight

06[15:34] * Threei retires

[15:35] {strider} Three shares his good fortune with strider.

06[15:35] * Threei says resounding NO to all suggestions to share anything with anyone

06[15:35] * Threei reasures everyone present he knows no their names

[15:36] {strider} {-------sends some of his 'people

[15:36] {strider} to Vad's house.

[15:36] {Threei} good luck finding anyone at my house within next 15 minutes

[15:37] {Threei} anyway, strider, congratulations on a good trading day

[15:37] {Threei} things start clicking together gradually?

[15:37] {strider} thank you.

[15:37] {Threei} two winning weeks,

[15:38] {strider} well.......don't want to get too self-assured.

[15:38] {Threei} win today, when the market is so stalled

[15:38] {Threei} no

[15:38] {Threei} no need to rest on laurels

[15:38] {strider} ouch!

[15:38] {Threei} but gotta give improvement the ackonowledgment

[15:38] {strider} oh, yeah. It's a different world.

[15:39] {Threei} espousing eluciation doesn't come easy

[15:39] {Threei} but pays off

[15:39] {Threei} as eschewing obfuscation becomes easier

[15:39] {strider} Much of my improvement has come from trade management.

[15:40] {dino} affy

[15:40] {Threei} and where did the rade management come from?

[15:40] {dino} darn, distracted missed ths s

[15:40] {Threei} trade

[15:40] {strider} developing cold-blood.

[15:41] {Threei} there

[15:41] {strider} Staying with the plan.

[15:41] {Threei} and that comes from

[15:41] {dino} glad to see it strider

[15:41] {strider} believing in the system.

[15:42] {strider} or...just not giving a ***

[15:42] {strider} :)

[15:42] {Threei} all of that

[15:42] {dino} lol, "your edge" is the key

[15:42] {Threei} but the common root, or denominator for them all,

[15:42] {Threei} general underatanding of what market is, what trading is about

[15:43] {Threei} when it comes the rest becomes jujst details

[15:43] {Threei} see a deviation, correct it

[15:43] {Threei} and let the nature take its course

[15:43] {Threei} while your own behavior is structured in tune with it

[15:43] {dino} gotta hop early, son's b-ball game, cya

[15:43] {Threei} so it takes you with it

[15:43] {strider} see ya, dino.

[15:43] {Threei} take care dino

[15:44] {dino} :)

[15:44] {strider} After Xmas, I want to bump my shares a bit. Still not trading large enough to make a meaningful amount of money.

[15:45] {Threei} don't worry about it

[15:45] {strider} yeah.

[15:45] {Threei} when things align right,

[15:45] {Threei} it will happen by itself

[15:45] {Threei} You won't even think about it

[15:45] {Threei} simply start trading righgt

[15:45] {Threei} then everything will be so natural

[15:46] {strider} I think that's right, cause I've given myself permission to trade larger than I am.....but when the time comes, I scroll back on the shares.

[15:47] {Threei} let me give you a quick example

[15:48] {Threei} 2 months ago, were you trading in cold blood, calm and in control, or were you unbalanced, emotional and genetrally not in commander seat?

[15:48] {strider} not in control....

[15:49] {Threei} ok, now

[15:49] {Threei} if at that point

[15:49] {Threei} I'd telll you, or you'd tell yourself

[15:49] {Threei} hey, be calm, be cool, be in conmtrol

[15:49] {Threei} would it change anything?

[15:49] {strider} nope

[15:49] {Threei} of course not

[15:49] {Threei} why? and why it became possible now?

[15:50] {Threei} because at that point in time

[15:50] {ese} you all have a great rest of the day and i'll catch you tomorrow

[15:50] {Threei} and at that point of your tading career or learning curve

[15:50] {strider} see ya ese.

[15:50] {ese} st

[15:50] {Threei} take care ese

[15:50] {ese} vad

[15:50] {ilana} bye ese

[15:50] {Threei} you simply didn't have enough deeper understanding of the nature of the beast

[15:50] {Threei} but when this understanding become deeper

[15:51] {Threei} some issues started resolving seemingly by themselves

[15:51] {Threei} Not all of them found their resolution yet, sure

[15:51] {Threei} but this is the process

[15:51] {Threei} you can see it unfolding right in front of you

[15:51] {Threei} My task is facilitate it

[15:52] {Threei} yours - to coordinate with it, let it flow,

[15:52] {Threei} work on undersatnding step by step

[15:52] {Threei} in a year or so, new guy will come

[15:52] {Threei} express frustration

[15:52] {Threei} tell about how he can't seem to get any single day right

[15:53] {Threei} and you will suddenly realize that you were right there a year ago

[15:53] {Threei} and you are not there anymore

[15:53] {Threei} and you know what he is going through

[15:53] {Threei} and can tell him what to do next

[15:53] {strider} yep.

[15:54] {Threei} the only ones who don't get it right are those who can't ovecome their ego

[15:54] {Threei} they think they need to argue with me

[15:54] {Threei} as if I am here to prove soemthing to them

[15:54] {Les} godammit Vad, find me a trade!

[15:55] {Threei} yes sir

[15:55] {Threei} just a second sir

[15:55] {Threei} sorry sir

[15:55] {nemo} crm short les

[15:55] {Threei} or SNS long

[15:55] {Les} :P

[15:55] {Les} night all

[15:55] {fernp} bye Les

[15:55] {Threei} take care les

[15:55] {Les} I'll be the bugbear in your bed for the next two years at least vad...

[15:56] {Les} fly in your soup

[15:56] {Threei} ummm

06[15:56] * Threei puts machine gun next to his bed

[15:56] {Les} any any other expression of general nuisance that you can think of...

[15:56] {Les} ciao

[15:56] {Threei} I'll forgive you plenty under one condition

[15:57] {Threei} LEARN TO TRADE

[15:57] {strider} So, that's why you put up with nemo, huh?

[15:58] {Threei} that, and

[15:58] {ilana} have a nice evening, everyone

[15:58] {strider} night , ilana.

[15:58] {fernp} SOLF, i'm gonna hold some shares overnight. Let's see what happen

[15:58] {Threei} how do you say no to a guy who goes to the bar and returns with 3 (three) glasses of vodka?

[15:58] {strider} bwahahahahaha

[15:58] {Threei} take care ilana

[15:58] {Threei} true story strider

[15:58] {Threei} I have a photo

[15:58] {strider} And two of em are still full when he gets to the table?

[15:59] {nemo} witnesses too

[15:59] {Threei} all three are!

[15:59] {Threei} can you believe it?

[15:59] {Threei} I mean, two of us are drinking

[15:59] {Threei} and he brings three glasses?

[15:59] {strider} That's one thing. He could still carry three glasses of vodka.

[15:59] {Threei} this is my kind of people

[15:59] {nemo} then there was the JD

[15:59] {strider} juvenile delinquent?

[16:00] {Threei} lol

[16:00] {Threei} OK guys

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {nemo} It's from your neck of the woods Strider

[16:00] {Threei} see you tomorrow

[16:00] {strider} thank you vad.

[16:00] {nemo} P&Q

[16:00] {fernp} Good evening everybody

[16:00] {strider} Jack Daniels.

[16:00] {nemo} yeah, I came back with that on the 2nd round

[16:00] {strider} real whiskey.

[16:01] {strider} that, and George Dickel.

[16:01] {strider} Did they have assistants to get you to your room?

[16:02] {nemo} that was on the boat

[16:02] {strider} oh god.

[16:03] {strider} I got to take me wife to the grocery store. she got her car stuck in the yard in the snow. :(

[16:04] {Threei} yikes

[16:04] {nemo} what

[16:04] {Threei} long forgotten issue

[16:04] {Threei} snow

[16:04] {Threei} in yeards

[16:04] {Threei} yards

[16:05] {strider} my wife kind of forgot about it , too.

[16:06] {strider} I told her....don't pull into the grass and get stuck.

[16:06] {strider} So she decided to pull into the grass, but not get stuck.

[16:06] {strider} Didn't work.

Dec 18 2009

Not very active (what with multiple witching et all) day but profitable, mostly with scalps. That ends a week with 4 winning days out of 5

Dec 18 00:00:00 2009

[08:22] {Les} I embrace obfuscation with bottle of wine after trading every evening, but am otherwise agreed that elucidation is cool

[08:22] {Les} GM :)

[08:23] {Threei} oh good... we are on the same page then about both

[08:23] {Threei} obfuscation and elucidation

[08:25] {nemo} oil bumped up big

[08:25] {Threei} why?

[08:26] {Threei} oh I see

[08:26] {Threei} Iran

[08:26] {Les} $ starting to find it legs again

[08:26] {nemo} What are they doing now?

[08:26] {Les} what's the evil empire doing now?

[08:26] {nemo} that's us Les

[08:27] {Les} didn't feel need to clarify that Nemo. It's assumed

[08:27] {Threei} Iranian forces yesterday entered Iraqi territory at dawn, and occupied well number 4 in the east Maysan field in al-Fakah region, 450 kilometers south of Baghdad, Border Guard General Zaser Nazmi said. The Iranian forces positioned tanks around the well.

[08:27] {Threei} The border guards comments could not be immediately verified.

[08:27] {Les} haha US not willing to show them the door?

[08:28] {Threei} Iraq Deputy Interior Ministry: Denies reports that Iranian forces entered Iraqi territory

[08:28] {Threei} - Earlier this morning the Iraqi Interior Minister said that Iraq will clarify events at the Fakka oil field

[08:28] {Threei} ***Note that earlier unconfirmed reports claimed that Iranian troops "briefly" entered Iraqi territory on Thursday. - Fakka field operates 12 wells

[08:31] {Les} GLD consolidating with volume

[08:34] {Les} oops sorry, my bad. ignore last.

[08:37] {Les} out GLD +.10

[08:53] {Les} and again. nice b/d on GLD this morning

[08:54] {Les} HEY SLEEPY HEADS! IT'S WORK TIME!

[08:54] {Threei} yawn

[08:55] {nemo} spy at support

[08:58] {Les} doesn't look good for SPY on daily. nothing holding it up

[09:03] {Les} damn. big GLD b/d at 8:57. the wrecking crew are early this morning.

[09:06] {Threei} that was clean breakdown setup providing yo were willing to keep 20 cents stop

[09:06] {Threei} alternatively, short into bounce to .20 with stop above .30 was fine as aggressive entry

[09:14] {fernp} Good morning everybody

[09:14] {Les} gern

[09:14] {Threei} fern :)

[09:14] {Les} sorry fern

[09:14] {fernp} hi all

[09:14] {dino} gm all

[09:15] {Les} dino

[09:15] {Threei} dino :)

[09:15] {strider} morning everyone...

[09:15] {Les} st

[09:15] {Threei} strider :)

[09:15] {strider} back in Anatevka....

[09:16] {strider} trying to scratch out a simple tune without falling off the roof.

[09:16] {dino} back to the future

[09:17] {ese} morning

[09:17] {Threei} ese :)

[09:18] {ese} hey bad

[09:18] {ese} vad

[09:18] {Les} ese

[09:18] {ese} opps

[09:18] {ese} les

[09:20] {Les} found those keys on the keyboard ese? :)

[09:21] {dino} seno

[09:22] {dino} palm

[09:23] {ese} my goodness.......just saw the rimm news.....up 8pts ....

[09:23] {ese} yup.......at fingers les

[09:23] {ese} fat

[09:23] {Les} bitchin. heard from Cramer not to touch RIMM, but didn't think to watch it premarket

[09:24] {Les} beautiful ascending triangle

[09:24] {nemo} Cramer Contra-indicator

[09:24] {ese} always

[09:24] {nemo} saab going out of business

[09:24] {Les} no. just said that earnings is upon RIMM.

[09:25] {magoo} ko[wr

[09:25] {lasertrev} gm

[09:25] {Les} should have thought to watch it this morning

[09:25] {nemo} what about gm trev?

[09:25] {Les} trev

[09:25] {Threei} trev :)

[09:25] {lasertrev} i dont have one

[09:26] {lasertrev} they make lightbulbs

[09:28] {strider} CECO continuation (down)

[09:29] {magoo} was the ceco news THAT bad?

[09:29] {strider} CELG, PAYX, TTWO

[09:29] {Threei} mags :)

[09:29] {nemo} could lose accreditation, which would make their diplomas about as valuable as the dollar

[09:30] {Les} RIMM coming back to earth

[09:32] {dino} pot 110

[09:32] {Les} CECO bounce coming?

[09:32] {magoo} carefu;l

[09:32] {nemo} wow rimm

[09:33] {fernp} Quadruple Witching today

[09:35] {fernp} UUP halted

[09:36] {strider} decided to just cancel the dollar?

[09:36] {Threei} lol

[09:36] {nemo} I have it up .01

[09:37] {dino} same

[09:37] {dino} 322k sh

[09:38] {nemo} mmmhhh I have 313 k

[09:38] {fernp} SBAC interesting

[09:38] {nemo} crist T&S on RIMM is causing my screen to smoke

[09:39] {dino} 322,800

[09:39] {strider} TTWO strong

[09:39] {dino} i am from the future tho

[09:39] {strider} dinos are supposed to be extinct.

[09:39] {Threei} Short Setup: RIMM .35 break half lot

[09:39] {dino} not on other planets

[09:40] {Threei} if stays under .50

[09:40] {Threei} invalidated

[09:40] {nemo} ow

[09:41] {dino} pot more blood, down about 20 pts this week

[09:41] {magoo} ceco destroyed

[09:41] {Threei} back again

[09:41] {Les} what's with FCX?

[09:41] {Threei} maybe with .55 stop

[09:41] {fernp} SBAC 1:2

[09:42] {Threei} 1:1 in a hurry

[09:42] {Threei} and more

[09:42] {Les} ooh yeh

[09:42] {Threei} out

[09:43] {strider} my lvl2 2 was running behind T&S, missed it.

[09:43] {dino} 'snta

[09:43] {Les} fcx

[09:43] {nemo} strider, change your quote server to 17 or 18

[09:44] {strider} k. was on 20

[09:44] {nemo} when you see tht happen, change the quote server

[09:45] {strider} I do. thanks.

[09:48] {magoo} usually its a server wide issue

[09:48] {Les} fcx .80 trigger with 77 stop Vad?

[09:48] {magoo} u east coaste stripper?

[09:48] {strider} yep

[09:48] {strider} NC

[09:48] {magoo} its an EAST coaste problem

[09:48] {Threei} doesn't feel right les

[09:49] {Les} it is acting strangely...

[09:50] {Threei} Short Setup: RIMM .50 break half lot

[09:50] {Threei} if stays under .70

[09:52] {Threei} (IQ) Iraq Deputy Interior Minister: Around 11 Iranian soldiers crossed into Iraq, have not withdrawn

[09:52] {Threei} - Notes there have been several incursions into the area over the last several days

[09:52] {Threei} - Not presently mulling a military response to the situation, awaiting orders

[09:52] {Threei} - Seeking a calm response to oilfield incursion

[09:55] {strider} short CECO .50

[09:55] {Les} CECO not shortable at IB

[09:55] {nemo} sucks being you

[09:55] {dino} lol

[09:55] {magoo} maybe..maybe not..tbd

[09:56] {dino} tyy

[09:56] {dino} nah

[09:56] {Les} :P :P :P

[09:56] {fernp} WFC if breaks .20, Vad?

[09:56] {Threei} how did you know I jujst looked at it

[09:57] {fernp} cameras

[09:57] {Threei} most likely yes, fern, I'd just want couple more minutes of consolidation

[09:57] {nemo} rimm in concentric triangle

[09:58] {dino} mos hl l .50

[09:58] {Threei} looks good fern

[09:58] {fernp} in

[09:59] {fernp} stop above .30?

[09:59] {Threei} depends

[09:59] {ese} ok ...so i missed that conversation....why are udn and uup halted

[09:59] {Threei} .25 is possible too, for bigger size and "extreme scalping"

[09:59] {strider} out CECO +.08

[10:00] {strider} didn't do what I wanted.

[10:00] {Threei} "news dissemination" ese

[10:00] {ese} tks

[10:00] {dino} illusion es

[10:00] {Threei} lol

[10:01] {Threei} (SP) Spain to decide on winning bid for Madrid gas assets in next few days

[10:01] {Threei} fern... what are you guys doing over there...

[10:01] {fernp} I know nothing

[10:02] {magoo} are u calling WFC long?

[10:02] {nemo} what's the stop

[10:02] {Threei} no

[10:02] {magoo} i was confused

[10:03] {dino} mos stopped -.27

[10:06] {strider} NWBI opens at 10:30

[10:06] {strider} Northwest Bank

[10:06] {dino} fds sm l .95

[10:08] {strider} FactSet remains at premium despite sell-off yesterday, says Auriga

[10:08] {strider} Auriga believes FactSet shares continue to trade at an unsustainable valuation premium even after yesterday's sell-off. The firm keeps a Sell rating and $54 price target on shares following the company's weaker than expected Q1 results and guidance. :theflyonthewall

[10:11] {nemo} wfc looking like a breakout

[10:11] {Threei} FCX too

[10:12] {Threei} things are narfrow though

[10:12] {Threei} and RIMM forms right ranges direction wise but too wide risk control wise

[10:12] {Threei} look how that .50 break would have workesd

[10:13] {Threei} but stop would have to be not very reasonable

[10:13] {fernp} out WFC

[10:13] {nemo} stopped wfc

[10:15] {magoo} lomng fcx .13

[10:21] {magoo} out

[10:21] {Les} GLD

[10:21] {strider} short HOG .16 stop .hod

[10:22] {magoo} + dime

[10:23] {magoo} was waiting .37

[10:23] {fernp} SPY breaking lod

[10:23] {magoo} it mmade .31..sigh

[10:23] {magoo} good out before his pllbk tho

[10:23] {Threei} very

[10:24] {magoo} vads been giving me lessons on patting ones own back

[10:24] {Threei} just don't forget to warm up the arm

[10:24] {magoo} i knew i forgot something

[10:24] {magoo} ouch

[10:24] {Threei} that shoulder joint is vulnerable

[10:25] {Threei} and cuff rotator needs good lubrication

[10:27] {magoo} ya ya

[10:28] {Les} gg/auy bounce before b/d?. looking weak

[10:28] {nemo} cat near pivot, consolidation and break below .52 coul be good short

[10:28] {Threei} GG looks to me topping out on bounce

[10:32] {Les} short cat .46

[10:32] {nemo} support at .40

[10:33] {nemo} ad then .22

[10:33] {Les} ta

[10:33] {strider} short CAT /.50

[10:33] {nemo} cool

[10:34] {strider} stop .60

[10:35] {Threei} CAT is an interesting case here

[10:35] {Threei} you can keep a stop as for short,

[10:35] {Threei} but hold it for more on a profit side

[10:36] {Les} that would be nice will od

[10:36] {Les} do

[10:36] {Threei} ummm

[10:36] {Threei} I meant keep stop as for scalp

[10:36] {Les} I'll take .60 as stop

[10:36] {Threei} right

[10:37] {Threei} just above

[10:37] {fernp} HOV .05 Vad?

[10:37] {nemo} fcx

[10:37] {Threei} naaaah

[10:38] {Threei} this is a stock that will appply water torture to water torturers

[10:38] {fernp} ty

[10:38] {Les} lol

[10:38] {nemo} can't be worse than you

[10:38] {Threei} remember your yesterday's MU?

[10:38] {nemo} sorry

[10:38] {fernp} y

[10:38] {strider} whack the futs

[10:38] {Threei} HOV will make MU looking like ball of fire

[10:38] {fernp} lol

[10:40] {Threei} by the time MU puts pants and drags itself to the kitchen to make coffee, HOV may or may not stick its first leg from under the blanket

[10:40] {nemo} volumes high

[10:42] {Threei} UUP

[10:42] {Threei} NEW YORK--(BUSINESS WIRE)--DB Commodity Services LLC today announced that new creations of the PowerShares DB US Dollar Index Bullish Fund (NYSE Arca: UUP) are temporarily suspended pending clearance and declaration of effectiveness of a registration statement for 240,000,000 additional shares by the US Securities and Exchange Commission, the Financial Industry Regulatory Authority and the National Futures Association. To manage exceptional investor demand for UUP, DB Commodity Services filed a registration statement for additional shares on Dec. 8, 2009.

[10:42] {Threei} Market Internals update at 10:30amET

[10:42] {Threei} - NYSE volume 768M shares, about 190% above its three-month average; advancers lead decliners by 1.3:1.

[10:42] {Threei} - NASDAQ volume 753M shares, about 41% above its three-month average; advancers lead decliners by 1.6:1.

[10:42] {Threei} - VIX index -1.5% at 22.13.

[10:42] {Threei} **reminder: volume is heavy today on quadruple witching of options and futures, and the index rebalancing occurring today.

[10:43] {Les} does christmas holidays begin for traders this afternoon?

[10:43] {nemo} fcx

[10:43] {nemo} sorry

[10:43] {ese} driving the kids to school....see you in an hour

[10:43] {Threei} it's a personal choice

[10:44] {Les} no, not us

[10:44] {Les} Wall St.

[10:44] {strider} stopped CAT

[10:44] {strider} +.13 HOG

[10:44] {Threei} http://www.nasdaq.com/about/schedule.stm

[10:44] {Threei} http://www.nasdaqtrader.com/Trader.aspx?id=Calendar

[10:46] {Threei} December 24 Early Market Close*

[10:46] {Les} does volume get even lighter than in recent days?

[10:46] {Threei} December 25 Christmas Day Closed

[10:46] {Threei} volume is quite decent today

[10:47] {magoo} wheres the RIMM boubnce boss?

[10:47] {Threei} from under 69

[10:50] {Threei} BBY

[10:50] {Threei} Best Buy Co Inc To offer free HTC Andriod ERIS phone to certain Best Buy Reward Zone members from Dec. 18 through Dec. 26 with 2 year contract

[10:50] {Threei} - The smartphone is retail priced at $99 with new two-year activation.

[10:52] {Threei} this should be last leg for RIMM mags

[10:52] {nemo} 68.20

[10:53] {Threei} .40, IMO

[10:53] {nemo} yeah,in that area

[10:55] {nemo} guess it's making a stand here

[10:57] {strider} scalpedd +.14 RIMM

[10:57] {fernp} ACI short 21 break, Vad?

[10:57] {nemo} nj

[10:59] {Threei} probably yes

[11:02] {ilana} RIMM +.27 ty magoo, vad

[11:02] {Threei} gj

[11:05] {magoo} nice..i hit it too

[11:05] {magoo} good read vad

[11:05] {magoo} ty

[11:06] {Threei} I really expected it to dive one last time under .50

[11:08] {fernp} 1:1 ACI

[11:09] {fernp} ty Vad

[11:09] {Threei} yup nice one

[11:10] {magoo} FCX vad..retarted

[11:12] {strider} RIMM making c&h......whatcha think, vad?

[11:13] {Threei} looks to me like short on 69 break rather

[11:13] {dino} s/p open gap fill

[11:14] {Threei} or long on .20 break

[11:14] {strider} POT ma be looking for a bottom.

[11:14] {Les} CAT

[11:14] {strider} thx

[11:15] {magoo} long IF mkt responds imo

[11:17] {Les} short fcx .70

[11:19] {Threei} covering RIMM

[11:20] {Threei} 1:1

[11:20] {Threei} Draft document from environmental summit: wealthy nations should reduce emissions by 80% by 2050

[11:21] {Les} half the coastline will be underwater by then

[11:21] {Threei} I agree, I won't live that long anyway

[11:21] {strider} no more beans for nemo.

[11:21] {Threei} 'cause Al Gore said so les? {G}

[11:21] {Les} who?

[11:22] {Les} no, greenland and arctic icesheets enough to do the job

[11:22] {magoo} well..we all dead 2012

[11:22] {strider} how can half the coastline be under water? It's all at the same level.

[11:22] {dino} lol

[11:23] {strider} The coastline is wherever it is.

[11:23] {magoo} pretty intelligent ..why u a stripper?

[11:24] {Threei} 'cause it's a smart thing to do?

[11:24] {strider} Philosopher in a former life.

[11:24] {strider} dino, whatcha think of POT?

[11:25] {Threei} some scientists argue that those parts of ice that are underwater won't impact water level when they melt, since they are already underwater,

[11:25] {magoo} POt was downgraded this morn

[11:25] {strider} DUH

[11:25] {magoo} could rot

[11:25] {Threei} and those are above waterline decrease pressure on the land when melt

[11:25] {fernp} BYD is a trap, Vad?

[11:25] {Threei} so it can rise keeping coastline on more or less the same level

[11:26] {strider} Whew!

[11:26] {Threei} hard to tell fern...

[11:26] {dino} not sure strider, bounce yes, but where

[11:26] {Threei} slow and narrow

[11:26] {strider} Prolly a short below 106.

[11:26] {strider} make magoo happy.

[11:28] {dino} lots of stuff destroyed this week

[11:28] {strider} HOG to the slaughter.........

[11:28] {strider} not that there's anything wrong with that.

[11:32] {strider} Here's some pics of my _notharley. http://www.vroc.org/view_profile.php?user_id=16183

[11:33] {Threei} cool!

[11:33] {Les} you a bikey gang member strider?

[11:33] {patience} very

[11:33] {fernp} HGSI dbi

[11:34] {strider} yeah, Les...you got a problem with that?

[11:34] {dino} lol

[11:34] {strider} :D

[11:34] {Les} lol

[11:35] {strider} We have people all over...to take care of business, ya know.

[11:35] {Les} Australia's passing laws against people like you

[11:35] {fernp} HGSI valid dbi, Vad?

[11:35] {Threei} sure

[11:35] {Les} CAT

[11:37] {magoo} is that u in pic?

[11:37] {Threei} lol...

[11:37] {Threei} can you imagine him posting pics of some random guy?

[11:37] {fernp} nice pics, strider

[11:37] {Threei} and for some reason showing them to us?

[11:38] {Threei} "hey, look at the guy I saw at the roadside"

[11:38] {Les} nice countryside

[11:38] {Les} I am so use to hearing america is this or america is that..

[11:38] {Les} quite refreshing to see it is beautiful as well

[11:39] {Threei} you are kidding Les

[11:39] {magoo} where was pic of stranger taken?

[11:39] {Threei} it's a stunning country

[11:39] {Les} yeh but all I read is about washington, wall st, people getting tossed out of their houses etc...

[11:39] {Les} quite depressing

[11:40] {Les} short CAT .80

[11:40] {magoo} STRIDER..why u blowing me off here?

[11:40] {strider} Appalachians are my home.

[11:41] {strider} Excuse me, magoo?

[11:41] {Threei} Les... just for one example, look up Yosemite National Park

[11:43] {magoo} np

[11:44] {Threei} reminds me how in USSR we were taught that all that is ahppening in USA is endless trikes by severely opressed working class, lynch mobs on the streets, hunger strikes, police fighting riots etc

[11:45] {strider} I thought you were ready to short POT on a break of low, mags.

[11:46] {Les} no I've seen enough wiki photos vad

[11:46] {Les} but background of every photo strider is in - very pretty

[11:47] {Threei} oh admit it... it's strider himself that lights landscape up

[11:47] {strider} ahem.

[11:47] {Les} yes very pretty too ;)

[11:47] {Les} fcx db?

[11:47] {Threei} there... I have the gift of goading people out of their closets

[11:48] {Les} :/

[11:48] {Threei} I'd bnunt for another break on it

[11:48] {strider} Les, here's some photos of my birthplace in east Tennessee. 4 season. http://www.elizabethtontennessee.com/

[11:49] {nemo} rimm break?

[11:50] {nemo} that would be yes

[11:50] {Threei} I think so

[11:50] {strider} what's the trigger?

[11:50] {nemo} stop was a bit wide

[11:50] {fernp} strider, you never short HOG, no? . is that a sacrilege? :-)

[11:50] {nemo} volume was right though

[11:51] {nemo} strider...you ride a Vulcan for crissakes

[11:51] {strider} I got no stake in HOG. Ride a Kawasaki.

[11:51] {dino} gut says rally coming

[11:51] {nemo} trigger was .30

[11:51] {strider} rewind.

[11:51] {Threei} ok, who wants to see a Big Bird with his carefully maintained vehicle?

[11:51] {nemo} is that your beer gut talking Dino?

[11:51] {Les} you mean sesame street?

[11:52] {strider} POT may be a little more interesting now.

[11:52] {Threei} I mean Raven

[11:53] {nemo} He hasn't clucked in this morning

[11:53] {fernp} i want to see it

[11:53] {Raven} lol

[11:53] {nemo} you marry your cousin Raven?

[11:53] {Les} let's have it Vad

[11:53] {Threei} http://realitytrader.com/vad/RAVEN.JPG

[11:53] {Raven} sure nemo

[11:54] {nemo} Edgar in the flesh

[11:54] {Threei} is it a spot I see you missed on the hood when washing?

[11:54] {fernp} nice car

[11:54] {Les} jeez I feel old when I look at my children

[11:54] {Les} young when I look at you guys

[11:55] {dino} meli sm l .23

[11:55] {Raven} lol ... that pic was taken in 1934

[11:55] {nemo} When did the Beetle come out?

[11:55] {nemo} wasn't until after WWII I think?

[11:56] {Les} ,no 1932 I think

[11:56] {dino} 60s

[11:56] {Les} Hitler unveiled first beetle

[11:56] {nemo} That early in Germany les?

[11:56] {Raven} sheesh ... lots of range there

[11:56] {nemo} No, Les might be right, it was available over there much earlier

[11:56] {nemo} The orignal "people's car"

[11:57] {ilana} in 1938

[11:57] {ilana} http://en.wikipedia.org/wiki/Volkswagen_Beetle

[11:57] {nemo} I was just gonna' say,, did you "wiki" it

[12:01] {Les} aggressive short of FCX .00 with .15 stop?

[12:01] {strider} Back in an hour.

[12:01] {strider} We got a little snow here this morning.

[12:01] {nemo} scalp it les

[12:02] {Les} too late

[12:02] {fernp} CEPH breaking .90

[12:02] {nemo} might be getting an inverted Dandruff formation on FCX

[12:07] {ese} i'm back

[12:07] {nemo} happy day

[12:07] {ese} lol

[12:08] {nemo} Suuuuunnnnny Day, Chasing the Cloooouuuuds awaaaaaay.....

[12:08] {nemo} oy

[12:08] {nemo} where are my meds

[12:08] {patience} ese is getting to you nemo

[12:08] {Threei} look at IMAX daily

[12:08] {Threei} patience... you sure you can tell who of them is getting to whome?

[12:08] {ese} worst week of the year for me to trade in......too many shows...too many concerts........,can't ocus in on the trade

[12:09] {ese} lol

[12:09] {fernp} 23 break is interesting

[12:09] {fernp} 13

[12:10] {nemo} scared me fern

[12:10] {ese} speaking of shows....patience and vad....the Vic High Band with John Gogo and former CBC personality Scott Walker are at St. Annes Academy tonight at 7:00pm

[12:11] {Threei} cool

[12:11] {ese} what ere ya up ta this evennin?

[12:12] {nemo} cat .25 long

[12:14] {Threei} will ask this gal ese

[12:14] {Threei} you know

[12:14] {Threei} one who runs my social life

[12:14] {Threei} are there tickets or entry by donation?

[12:15] {Threei} FCX dandruff formation works

[12:16] {ese} tickets are at the door.....but i'm not sure what they are?

[12:16] {Threei} well... I suspect my budget can handle it

[12:16] {Threei} just asking about mechanics of getting in :)

[12:17] {ese} the theatre/auditorium is on the west side of the building........there is parking over there

[12:20] {dino} gut had it

[12:22] {dino} fsys

[12:22] {dino} sm l .50

[12:23] {dino} mos moving, maybe pot follows

[12:31] {Threei} btw

[12:31] {Threei} watched Inglorious Basterds yesterday

[12:31] {Threei} fits ever Tarantino movie I was absolutely cold to

[12:31] {dino} good?

[12:32] {Threei} IMO... skip it safely

[12:32] {dino} hmmm

[12:32] {Threei} and I am a tarantino fan

[12:32] {dino} i watch burn after reading last week, horrible

[12:33] {Threei} out of my three most favorites movies,, two are his

[12:34] {Threei} tells you something about how much I like what he does... but this one is just...

[12:34] {Threei} not anywhere even close to anything he's done before

[12:34] {Les} no, I have that film still wrapped in plastic. Have I wasted my money?

[12:34] {Threei} well... these things are too individual

[12:34] {dino} you want to watch some stupid, funny stuff, get the american pie collection

[12:35] {Threei} let's set some bottom line les...

[12:35] {Threei} my favs, not necessary in a certain order:

[12:35] {Threei} Once Upon a Time in America

[12:35] {Threei} Pulp Fiction

[12:35] {Threei} Kill Bill

[12:35] {Threei} if you like these, you'll likely to be cold to Basterds

[12:36] {Les} no plot, no stirring dialogue?

[12:36] {Threei} there is a plot...

[12:37] {Threei} it's just not very interesting, not enfafing

[12:37] {Threei} engaging

[12:37] {Threei} no tension he usdually creates so masterfully

[12:38] {dino} i have to watch, it's a wonderful life again

[12:38] {Threei} almost all his films are gory, to this or that degree, but he manages to make it elegant

[12:38] {Threei} not much elegance here

[12:42] {ese} gotta go.......my appologies for not contributing much these.....it's the natre of being a musician at christmas

[12:42] {ese} cya

[12:42] {dino} cya es

[12:42] {Threei} take care ese

[12:43] {ese} these days....nature

[12:43] {fernp} bye ese

[12:43] {dino} no worries

[12:45] {magoo} AVIAWEV?

[12:46] {Threei} no...

[12:46] {nemo} what?

[12:46] {Threei} lol

[12:46] {nemo} new acronym

[12:47] {magoo} ask vad if any will evolve

[12:47] {magoo} victorious

[12:47] {Threei} oh boy

[12:47] {Threei} this is getting complicated

[12:47] {nemo} DILLIGAF!

06[12:47] * Threei slaps nemo around a bit with a large unanswered dcc

[12:47] {magoo} and it was too simplify

[12:49] {nemo} frick....missed rimm break

[12:49] {Threei} I didn't believe in it

[12:49] {Threei} still don't

[12:49] {nemo} what?

[12:50] {Threei} RIMM break

[12:50] {nemo} well, it's amost 1:2 already

[12:51] {nemo} the 200, and BB 13 crossed at that large candle

[12:51] {Threei} so what... I don't beluieve in it anyway

[12:52] {nemo} What...think they're voodoo or somethin'?

[12:53] {Threei} aren't they?

[12:53] {nemo} of course

[12:53] {nemo} as long as they work

[12:53] {nemo} where's that chicken?

[12:53] {nemo} no frickin' virgins for miles

[12:54] {Threei} you live in tiger woods neighborhood?

[12:54] {nemo} oh yeah, the waitress and the cougar

[12:54] {nemo} I haven't seen a crash and burn story like that since the NY Governor

[12:58] {nemo} fcx just hit support at .56

[13:01] {dino} out meli .67 ave, +.44

[13:01] {fernp} gj dino

[13:02] {dino} ty

[13:02] {dino} started slow

[13:02] {Threei} nice one

[13:03] {dino} fsys stopped, -.30

[13:08] {fernp} USB .15 break, Vad?

[13:09] {Threei} if you are willing to fight for 5 cents...

[13:09] {Threei} chart is right

[13:09] {Threei} just slow

[13:09] {fernp} I am willing to fight for 1 cent

[13:10] {Threei} lol... lowring your standrards aren't you

[13:11] {fernp} USB not followinf FAS FAS broke hod some minutes ago...

[13:13] {Threei} you have two cents

[13:14] {magoo} vwuematca?

[13:14] {fernp} offering at .20

[13:15] {fernp} out

[13:15] {Threei} cool

[13:15] {magoo} trans=vad, will u ever make a trade call again?

[13:16] {Threei} no

[13:16] {Threei} ever

06[13:16] * nemo slaps magoo around a bit with a large lead pipe cinch

[13:16] {strider} Oh, this is an interesting conversation.

[13:16] {Threei} I quit that... cold turkeyt

[13:17] {strider} OK. I'll start making the calls....send your checks to me every month.

[13:20] {ilana} will the mail ever get to Appalacheys (not sure about the spelling)

[13:21] {dino} pot lod

[13:23] {strider} yes, ilana. Mail comes by the train. Once a week.

[13:23] {strider} You go down to the station, and for a nickel,, they'll read your letters to you.

[13:24] {ilana} and read the cheques... nice

[13:24] {strider} just cash those at the general store.

[13:25] {ilana} vad is quite = agrees.. .

[13:25] {dino} ebix sm l .91 stop lod

[13:26] {Threei} I am generally very agreeable

[13:26] {strider} dino, that's the wierdest chart I've ever seen.

[13:27] {fernp} Vad, USB +.17 from my entry. I sold with +.05 UNFAIR!!

[13:27] {strider} Is this "find the popes in the pizza" contest?

[13:27] {Threei} why

[13:27] {Threei} it's fair

[13:27] {Threei} leave something for others

[13:27] {Threei} otherwise no one will come out tomorrow to play with you

[13:27] {fernp} yor are too good person

[13:27] {dino} lol strider, if you follow me you will see strange stuff

[13:27] {fernp} xMas

[13:28] {dino} holds low well, look at 5 day

[13:28] {ilana} on 5 min chart it makes more sence, strider

[13:28] {strider} big honkin' triangle?

[13:29] {strider} on 15 min.

[13:29] {dino} 5 day every day jubs to mid 45s

[13:29] {strider} yeah. 5min. is better.

[13:29] {dino} jumps

[13:29] {strider} that's sneaky.

[13:30] {dino} meli similar

[13:30] {Les} WFC 27 break?

[13:31] {Threei} I am torn on WFC

[13:31] {Threei} 27 break for long or .90 break for short

[13:31] {Les} cool

[13:31] {Threei} both look attractive

[13:31] {Threei} and volume fkattened out

[13:31] {Threei} so can't tell which is more likely

[13:32] {strider} QQQQ is very differnt from Spy today.

[13:33] {ilana} can you in laser define the volume color based on buying and selling?

[13:33] {dino} fsys lod

[13:33] {strider} no

[13:33] {strider} no, ilana.

[13:33] {ilana} shame... that would help

[13:34] {Threei} on T&S only

[13:34] {Threei} not on chart

[13:41] {strider} Just read the other day that you can link

[13:41] {strider} Esignal to Laser.

[13:43] {Threei} study showed bourbon causes worse hangover than vodka

[13:43] {nemo} makes sense

[13:44] {strider} potato water.

[13:44] {nemo} corn water, what's the issue

[13:44] {Les} if corn can make ethanol, little surprise it gives people headaches as bourbon

[13:44] {ilana} gotta go, have a great weekend

[13:44] {Les} ciao

[13:44] {Threei} have a great one ilana

[13:45] {strider} see ya, ilana.:)

[13:45] {fernp} bye ilana

[13:45] {strider} POT nice breakdown of consolidation.

[13:45] {Les} vad, partialled out at .85 on WFC from .90

[13:46] {Les} am I right thinking wfc gonna b/d again?

[13:46] {Threei} you 5 cents pickers, lol

[13:46] {Les} I've lost some big m oney tonight being greedy

[13:46] {Les} well, big money for me...

[13:46] {Threei} it nears 1:1

[13:46] {Les} here comes my 10 cents

[13:47] {Les} I stupidly let 1:1 in FCX go by for more profit and then turned it into big loss as it turned with market at midday. ouch!

[13:48] {Threei} wait

[13:48] {Threei} OK, you let 1:1 go

[13:49] {Threei} not good but

[13:49] {Threei} but more importantly:

[13:49] {Threei} how do you let it turn into BIG loss?

[13:49] {Threei} one thing is, after 1:1 is reached, stop goes to b/e

[13:49] {Les} oh, ok

[13:49] {Threei} and even if you refuse to do that (no good but),

[13:50] {Les} out wfc

[13:50] {Threei} worst case scenario it hits your original stop loss

[13:50] {Threei} which is what you were willing to risk from the get go

[13:50] {Threei} now, if you don't take that stop and let it go fyrther against you...

[13:51] {Les} yeh hit original stop loss, wasn't happy cause it was .20 cents.

[13:51] {Threei} that IS a problem

[13:51] {Threei} but it was your risk from the start

[13:51] {Les} don't like taking 20 cent loss...

[13:51] {Threei} if it's big risk for you, why do tyou take this kind of trades?

[13:51] {Les} not big risk, but losing pisses me off

[13:52] {Threei} ponder this over weekend:

[13:52] {Threei} you WILL lose while losing pisses you off

[13:52] {Threei} you will start making money when losing becomes part of routine

[13:52] {Les} yes and no

[13:52] {nemo} paradox of trading

[13:53] {Threei} if losses piss you off, it means one thing only:

[13:53] {dino} fsys sm l .51 last try

[13:53] {Threei} you don't have right approach to trading incorporated in your thinking

[13:53] {Les} I will start making money when I stop squeezing trades

[13:53] {Les} I exaggerate

[13:53] {Les} losing doesn't really piss me off

[13:53] {Les} perhaps its this market at present

[13:53] {Threei} I suggest you think about what I said

[13:54] {Les} squeezing trades that don't come good too often

[13:54] {Threei} and make up your mind

[13:54] {Threei} 'cause when you say

[13:54] {Les} then a good trade becomes a loss...

[13:54] {Threei} [13:51] {Les} losing pisses me off

[13:54] {Threei} and

[13:54] {Threei} [13:53] {Les} losing doesn't really piss me off

[13:55] {Les} yeh yeh

[13:55] {Threei} I find it a bit hard to produce sound advice {G}

[13:55] {Les} I need to have scalpers mind set when it is scalpers market

[13:55] {Les} Losing through expectatios and greed that aren't met in present market

[13:55] {Les} expectations

[13:57] {Les} will try typing up your trading mantras this weekend for a change of habits come 2010

[13:57] {Les} my own trading mantras, not yours...

[13:58] {Threei} right, why bother with mine

[13:58] {Threei} they are only working for me for the last 11 years

[13:58] {Les} you know what I mean

[13:58] {Threei} sure... but I can't resist temptation

[13:59] {Threei} realize this les:

[13:59] {Threei} whatever particular problem you are dealing at some particular moment isn't very important

[13:59] {Threei} they will come and go

[14:00] {Threei} general underlying principle is important:

[14:00] {Threei} your mental balance comes from the right philosophy

[14:00] {Threei} if you find yourself pissed off, whatever the cause is at the given moment,

[14:00] {Threei} it means something is imbalanced in your core approach

[14:01] {Threei} until you work out the general understanding what market is,

[14:01] {Threei} how it works,

[14:01] {Threei} what trading is,

[14:01] {Threei} what your place in the market is,

[14:01] {Threei} what role you play in trading,

[14:01] {Threei} how you interact with market

[14:02] {Threei} you will stumble onto reasons to get frustrated

[14:02] {Threei} reasons will change

[14:02] {Threei} frustration will remain

[14:02] {Threei} the closer you are to the right attitude about market, trading and yourself

[14:02] {Threei} the more balanced you are

[14:03] {Threei} and the better your trading is

[14:03] {Threei} think of this interesting phenomena:

[14:03] {Threei} beginners oftyen find the seciond and third part of TTR especially useful

[14:04] {Threei} as they mature as traders,

[14:04] {Threei} they come to conclusion that it's a first part of TTR that is most useful for them

[14:04] {Threei} part that talks about general understanding of what market is and how we interact with it

[14:06] {Threei} did I sucessfully put you all to sleep?

[14:06] {nemo} coma

[14:06] {strider} THat was good, vad.

06[14:06] * nemo slaps Les around a bit with a large razor wire wrapped 2X4

[14:07] {Threei} ty strider

[14:07] {dino} zzzzzzzzzzzzz

[14:08] {strider} I am now having periods of relative clarity, still interspersed with periods of cloudiness.

[14:08] {nemo} that's Alzheimer's

[14:08] {strider} This is my 2nd green week since I've been here.

[14:08] {strider} Not much. but something.

[14:08] {Threei} well, the sooner you eschew obfuscation

[14:09] {nemo} great tree-hugging lefty

[14:09] {Threei} while silmutaneously espousing elucidation

[14:09] {dino} out fsys .91, +.40

[14:09] {Les} I was looking forward to green week 1st time strider, but blew it today.

[14:09] {dino} fds to .25

[14:10] {dino} imo, most beginners try too hard

[14:10] {strider} That's easy to do....blowing a week with Friday excesses.

[14:10] {fernp} AKS if breaks 20, Vad?

[14:10] {dino} as patience would say, "be patient"

[14:10] {strider} And milk the papertrading for all it's worth.

[14:10] {Threei} same as they all are fern

[14:10] {strider} Just remember that real money will create a whole different set of emotions.

[14:10] {Threei} will work for a small move if market helps

[14:10] {Threei} chart is right

[14:11] {fernp} ok. thanks

[14:11] {Threei} les, last word on this by me:

[14:11] {dino} the end

[14:11] {Threei} what I typed above is 1000 times more valuable for your trading than 100 winning calls

[14:11] {Threei} lol dino

[14:12] {Threei} I stringly suggest you not to dismiss it as general blah blah

[14:12] {dino} :)

[14:12] {Les} ok. will delve into TTR for further nuggets of understanding this weekend

[14:12] {Threei} but embrace and espouse with ferocity

[14:13] {Threei} for a short version, just read the last chapter of part I

[14:13] {dino} les, study him, he will make a career for you

[14:14] {Les} now that's an idea.

[14:14] {Les} webcam feed from vad's workplace

[14:14] {nemo} cameras keep breaking

[14:15] {dino} radio joke

[14:15] {nemo} NO...not the radio joke!

[14:17] {dino} lol

[14:17] {strider} all right. the whip.

[14:19] {strider} So, these two irishmen walked out of a bar.

[14:19] {strider} ...........well, that COULLD happen.

[14:20] {nemo} Not really

[14:20] {nemo} They usually fall out

[14:20] {nemo} I'm half Irish by the way

[14:21] {strider} Me too.

[14:21] {strider} Other half, welsh.

[14:21] {nemo} Sicilian

[14:21] {strider} Had a friend visit Wales awhile back.......

[14:21] {strider} she came hope to report her surprise....

[14:22] {dino} fds to .35

[14:22] {strider} "there's a whole country of people who look just like you."

[14:22] {dino} lol fds, makes me think of animal house

[14:22] {strider} fds

[14:22] {strider} sorry

[14:23] {nemo} You mean when the Germans bombed Pearl Harbor

[14:23] {dino} irish here

[14:23] {nemo} Oh, downloaded "Boondock Saints" again the other night...great movie

[14:23] {dino} fds= fat drunk and stupid is no way to go thru life

[14:23] {nemo} well, alot of people do

[14:23] {dino} magoo's on a diet

[14:24] {strider} diet of steak and potatoes?

[14:24] {nemo} I'm on the seefood diet

[14:25] {strider} yes...you see food you eat it.

[14:25] {dino} lol

[14:25] {nemo} weight is not an issue for me

[14:25] {dino} he has tb (two bellies)\

[14:25] {strider} one that he wears, and one he keeps the food in..

[14:25] {nemo} He's got a rumen?

[14:25] {Les} .65 b/d in FCX vad?

[14:26] {Threei} yes

[14:27] {Les} in .85 stop

[14:27] {dino} out fds .45, +.50

[14:28] {dino} pot 105s

[14:28] {fernp} 20 cents stop, Les. Adjust your shares

[14:28] {nemo} 106s

[14:29] {dino} ma rockin' today

[14:29] {strider} good trading

[14:29] {nemo} V also

[14:38] {Threei} I am not sujre I got it

[14:38] {Threei} you entered aggressively?

[14:38] {Threei} 'caue at the time of your "in" report it didn't trigger yet

[14:38] {dino} pot 105s again

[14:39] {strider} I forgot what that means, dino.

[14:40] {strider} 105s

[14:40] {strider} heading toward 105?

[14:41] {nemo} look at the sell orders at .50 in rimm

[14:42] {dino} lol, just got a call on that foreclosure bid i won in august. closing monday. the bank, gmac, found 3 additional liens that needed to be satisfied after i won the bid

[14:46] {Threei} so they have to eat it?

[14:46] {Threei} Just 34% Say Passing Health Care Bill is Better Than Passing Nothing

[14:47] {Threei} 43% Believe Tiger Woods Apologies Are Sincere

[14:47] {dino} strider, just that it hit the 105s we talked about hours ago

[14:47] {strider} thx dino......

[14:47] {Threei} 50% Now Say Global Warming Caused by Long-Term Planetary Trends

[14:48] {Threei} 66% Favor Smaller Government With Fewer Services, Lower Taxes

[14:49] {nemo} pot is dangerous

[14:50] {Les} FCX is not much better. Should have had a tighter stop. night all.

[14:51] {fernp} bye les

[14:51] {Threei} played it all wrong

[14:51] {dino} cya les

[14:51] {nemo} yeah, the obvious breaks have been stopped

[14:52] {fernp} [20:28] {fernp} 20 cents stop, Les. Adjust your shares

[14:52] {Threei} aggresive entry should have been with .80 stop

[14:52] {Threei} and drop to .55 gave p;ratcially 1;2

[14:52] {Threei} to take agressive entry and widen stop - makes no sense

[14:52] {Threei} it eliminates one of main advantages of agressive entries

[14:55] {Threei} I never cared for Saab

[14:55] {Threei} but I am sad it's gone

[15:00] {dino} yeah 3i, they had to eat an extra $40k, nice title search

[15:01] {dino} missed your questions

[15:01] {Threei} and we wonder why they are insolvent

[15:02] {dino} i know, crazy

[15:02] {dino} brb

[15:04] {nemo} POTs inthe 105s again

[15:08] {magoo} WFc V

[15:09] {magoo} could RIP dangerous

[15:09] {magoo} could RIPPPPPP

[15:09] {magoo} V like 92

[15:09] {magoo} or not

[15:18] {dino} ebix to .89

[15:21] {magoo} thinking WFC 27.40 area..if we get lucky

[15:21] {Threei} too optimistic, imo...

[15:21] {magoo} V misbehaving

[15:22] {Threei} not enough time for such run

[15:22] {magoo} 27.27??

[15:22] {Threei} you'l be lucky to get 27.15

[15:22] {magoo} oh yes there is..could do it in last 10 minutes

[15:22] {magoo} humbly

[15:25] {magoo} spy could kill me plan

[15:26] {Threei} spies, they do that

[15:30] {strider} Got several inches of fine snow here....still coming.

[15:30] {Threei} yuck

[15:31] {strider} what a grump.

[15:31] {dino} we've been single digit temps this week, snow for couple weeks

[15:31] {dino} in mornings that is

[15:32] {strider} hardly been below freezing at night here. hanging around 30 now.

[15:32] {strider} stores probably had a run on bread and milk this morning..

[15:33] {dino} lol

[15:33] {strider} You'd think people eat nothing but bread and milk.

[15:33] {Threei} strange...

[15:33] {Threei} no steaks?

[15:33] {strider} Around here, vad, they're tied up in the back lot.

[15:35] {Threei} got it, lol

[15:35] {dino} have to leave early, son's basketball game at 4, taking ebix off here, +.04

[15:35] {nemo} cu dino

[15:36] {dino} broke my streak today, slight negative

[15:36] {dino} had 10 in row

[15:36] {nemo} how's your shoulder?

[15:36] {dino} ?

[15:36] {Threei} take care dino

[15:37] {dino} :)

[15:37] {nemo} ahhhhhh

[15:37] {strider} see ya,

[15:37] {Threei} 4 winning days out of 5 this week

[15:37] {dino} gj, same

[15:37] {dino} still running lignht tho

[15:37] {Threei} obfuscation be damned

[15:37] {Threei} long live elucidation

[15:44] {Threei} OK guys, let's have a good weekend

[15:44] {Threei} see you all on Monday

[15:44] {nemo} P&Q

[15:45] {strider} yes

[15:45] {strider} ditto

[15:45] {Threei} congratulations strider

[15:45] {Threei} on things getting on firmer footing

[15:45] {strider} oh, thanks.....small progress.

[15:45] {strider} consistency.

[15:45] {strider} No exciting trades this week. :)

[15:46] {Threei} good

Dec 17 2009

Very nice day with almost total frog eradication. I'd call it Midas day.

Session Time: Thu Dec 17 00:00:00 2009

[08:18] {Les} GLD prsented nice short but jumped straight over my offer.

[08:18] {Les} GM all :)

[08:18] {nemo} what's Les short for?

[08:18] {Les} Lesbian

[08:18] {Les} back in high school

[08:18] {Les} nowaday's its Leslie

[08:19] {nemo} as in Nielsen

[08:19] {Les} I exist as an individual being Nemo

[08:19] {Les} as in Leslie Robinson

[08:20] {nemo} {Les} I exist as an individual being Nemo...do you understand what an existential nightmare that is?

[08:20] {nemo} Hi Raven

[08:20] {Les} crap GLD just back tested my trigger price and I wasn't watching

[08:20] {Les} and look at GLD goooooooo

[08:21] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:21] {Threei} - Expectations for initial claims are 465K v prior release of 474K (range seen from 450K to 475K)

[08:21] {Threei} - Continuing claims seen at 5.170M v prior 5.157M (range seen from 5.000M to 5.300M)

[08:22] {Threei} Les, what was your short trigger for GLD?

[08:22] {Les} the US is still shedding 400+ thousand a month? incredible.

[08:22] {Les} .60 with .70 stop

[08:23] {Threei} hey

[08:23] {Threei} good one

[08:24] {Les} price and volume baby, price and volume. I like this game

[08:24] {Threei} well, and chart configurations

[08:25] {Threei} this is clean nice setup

[08:25] {Les} doesn't the price and volume create the chart setup?

[08:25] {Threei} sure

[08:25] {nemo} look at amzn and rimm

[08:25] {Threei} they create everything

[08:26] {Les} I was going to say it all comes down to price and volume, but realise that is not true

[08:26] {Threei} it's just that these formations on the chart is easiest way to visualixe

[08:26] {Threei} and see the setup forming

[08:26] {Threei} also there is a pace

[08:26] {Les} price and volume must move in such an arrangement so as to create viable setup

[08:26] {Les} and pace as well

[08:26] {Threei} with is a function of volume in time

[08:27] {Les} volume in time?

[08:27] {Threei} 1K shares in 1 second and 1K shares in one minute is very different pace

[08:28] {Les} ah ok

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 480K V 465KE; CONTINUING CLAIMS: 5.186M V 5.170ME

[08:31] {Threei} at this rate, how long before no one is working?

[08:32] {strider} and you'll have 5 million daytraders in the room.

[08:32] {Les} lol

[08:32] {Threei} yeah but

[08:32] {Les} that's what I call competitive workplace environment

[08:33] {strider} read FDX vad?

[08:34] {Threei} no read

[08:34] {strider} k

[08:34] {Threei} not enough base for reading anything yet on it

[08:34] {Les} .25 b/d on GLD might be in the works. larger stop this time

[08:35] {Threei} C is chewing through taxpayer's money with ferocity deserving better use

[08:36] {nemo} you mean, taxpayer toilet paper

[08:36] {Les} destructive capitalism

[08:36] {Threei} capitalism?

[08:37] {Threei} where do you see capitalism in that

[08:37] {Threei} if it were capitalism, C would have been bankrupt long ago

[08:37] {nemo} Les, capitalism in the US stopped with the institution of the FED and the income tax in 1913

[08:38] {Les} was playing with the popular description of capitalism

[08:38] {Les} capitalism makes things and breaks things down

[08:38] {Les} destructive capitalism is supposed to be a good tenet of the system

[08:38] {Les} but this "destructive capitalism" is exactly that - destructive

[08:39] {Threei} this whole mess, against popular opinion, is totally creatiion of deviation from capitalism

[08:40] {Threei} watch your GLD,

[08:40] {Les} happily for the oligarchs not too many people understand what capitalism is hey?

[08:40] {Threei} it may give you tighter stop

[08:40] {Threei} no, not many

[08:40] {Threei} too many really think it is a capitalism failure

[08:40] {Threei} just look at Moore

[08:41] {Threei} but then again... look how many think if developed country transfer all their wealth and industrial base to the third world countries, climate becomes better

[08:42] {Les} really?

[08:42] {Les} haven't heard that one

[08:42] {Threei} isn't it what is happening in Copenhagen?

[08:42] {Threei} "climate justice"?

[08:42] {Les} oh right. haven't been watching it

[08:42] {Threei} do if you want to be shell shocked by

[08:43] {Threei} umm

[08:43] {Threei} well, pretty much by everything

[08:43] {Threei} lol

[08:43] {Les} saw it covered on news when G8 in Geneva. Looting, rioting blah blah blah

[08:44] {Threei} wow GLD

[08:44] {Threei} typical example of when you don't want to enter on your trigger

[08:44] {Threei} tell me why?

[08:44] {Les} jumps straight over trigger

[08:46] {Les} sorry, didn't see your question

[08:47] {Les} doesn't consolidate prior to setup trigger. increased volatility. I guess directional movement is less predictable

[08:47] {Threei} plus sharp move into trigger

[08:48] {Threei} and sharp moves often produce snapback

[08:48] {Threei} so triiger becomes a trap

[08:48] {Les} ok

[08:54] {Threei} returned into trigger zone on drying up volume

[08:54] {Threei} good chance of drop from here

[08:54] {Threei} it's premarket, these things are less pronounced

[08:54] {Threei} but good for observation... as a, umm, teachable moment

[08:58] {ese} morning

[08:58] {Threei} ese :)

[08:58] {Les} hey ese

[09:00] {nemo} Your Dudeness

[09:01] {ese} hey les

[09:01] {ese} dude

[09:02] {ese} sorry was off getting a coffee

[09:02] {ese} and a hypodermic needle to inject it in with

[09:03] {nemo} why don't you just use a butterfly catheter, only have to change it twice a week, "les" holes in your arm

[09:03] {Les} I've already withdrawn from daily high and am now coming down with red wine...

[09:03] {Les} belt up nemo

[09:04] {strider} good morning all

[09:04] {strider} watching FDX, HOG

[09:04] {nemo} frickin' optimist

[09:04] {Threei} strider :)

[09:05] {strider} Sir:)

[09:05] {ese} st

[09:05] {strider} ese:)

[09:10] {magoo} morn

[09:10] {ese} nemo what were the 2 dollar symbols you gave me a few weeks back UUP? UUD? lost those 2 with computor change over

[09:10] {Threei} magoo :)

[09:10] {ese} mags

[09:10] {magoo} man, FSLR popped afterhrs to 145

[09:10] {magoo} gave all back

[09:11] {dino} gm all

[09:11] {ese} i've tried to trade that stock mags......nightmare

[09:11] {Threei} yesterday's Frank - Paul fight was disappointing - they agreed with each other on almost everything

[09:11] {strider} dino:)

[09:11] {Threei} excpet CRA

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:15] {magoo} i actually got lucky, shorted 143 covered 140 somewhere

[09:15] {magoo} when i closed up it was 141.40

[09:15] {ese} nice......hard stock to trade.....good on ya

[09:16] {magoo} best to play extremes on it

[09:16] {fernp} Good morning everybody

[09:16] {magoo} but ive been struggling with this mkt of late

[09:16] {magoo} no follow thru

[09:16] {Threei} fern }:)

[09:16] {larisa} gm :)

[09:16] {magoo} dimes or death it seems

[09:17] {Threei} larisa :)

[09:17] {ese} laris

[09:17] {strider} Vad, now a read on FDX?:)

[09:18] {Threei} chart wise .40 break for short

[09:18] {Threei} but you see how thin it is?

[09:18] {strider} yeah

[09:18] {Threei} its move within its natural volatility can exceed its range width

[09:23] {dino} fdx, high 85s imo

[09:23] {magoo} your buddy farley thinks today is a climax day vad, a "oops there it was" day...and in breakout RALLY terms

[09:23] {dino} hog downgrade target 23, gs

[09:24] {nemo} rimm sitting at support

[09:24] {dino} gap around 84.60

[09:25] {Threei} mags, as in break and up from here?

[09:25] {dino} up

[09:25] {larisa} Alan thinks up because consolidating without selling for so long?

[09:27] {Threei} strider

[09:28] {Threei} see how untradable it is?

[09:28] {dino} dino, has no idea, will p;ay whats given to him

[09:28] {strider} yeah

[09:28] {Threei} OK guys

[09:28] {Threei} let's be a bit more mellow

[09:28] {Threei} holiday trading

[09:29] {Threei} no good comes out of pushing

[09:29] {Les} has begun today?

[09:29] {Threei} better sit, patiently wait for something easy to pass by

[09:30] {lasertrev} gm

[09:30] {Threei} trev :)

[09:30] {Threei} NVDA is trying again

[09:31] {Les} volume has returned to GLD upon most recent breakdown

[09:31] {magoo} watch FCX vad

[09:31] {strider} KRA IPO trading

[09:31] {dino} esrx getting some back

[09:32] {Threei} Long Setup: NVDA .10 break

[09:32] {magoo} in

[09:33] {ese} ndsn.....dino

[09:33] {fernp} stop under .17 , no?

[09:33] {Threei} yes

[09:33] {ese} 3.5 gap dn

[09:34] {dino} misses

[09:34] {Threei} .90 makes sense if you want to stay in for a longer move but I just can't bring myself to keep such wide stop

[09:34] {dino} gap around 50.20

[09:34] {Threei} not these pre-holiday days

[09:35] {magoo} WOW RIMM vad

[09:35] {Threei} wow is right

[09:35] {dino} ndsn, miss not too bad, guidance ok, imo

[09:35] {Threei} ok NVDA

[09:35] {Threei} now or never

[09:36] {Threei} aaalmost there

[09:36] {nemo} out 1:1

[09:36] {Threei} half out

[09:36] {fernp} ty

[09:36] {Threei} still want something more out of it

[09:36] {magoo} ,34 im thinking

[09:37] {Threei} thinking?... what a novel concept... I gotta try it some day

[09:37] {nemo} don't hurt yourself

[09:37] {Threei} I promise to be careful

[09:37] {ese} just lookin at that dino ...am thinkin the same thing

[09:37] {Threei} 2 hours of drinking per 1 minute of thinking

[09:37] {Threei} US) Senator Dodd: Reiterates he will vote in favor of re-nomination of Fed Chairman Bernanke

[09:37] {dino} esrx ballistic

[09:37] {ese} might try L sm at .50

[09:38] {Threei} offering 1/4 more NVDA just above .30

[09:39] {Threei} good girl

[09:39] {Threei} out 1/4 more .31

[09:39] {ese} bstop ndsn 54.50 sm

[09:40] {magoo} out NICE vad

[09:40] {magoo} .31

[09:40] {Threei} wtg

[09:41] {magoo} AONE vad

[09:41] {ese} esrx....whoever got in at 82.60.....good on em

[09:41] {Threei} AONE CEO: The JV with SAIC is a significant milestone - CNBC (20.00, +1.68, 9.17%)

[09:42] {Threei} 4:01:20 AM

[09:42] {Threei} A123Systems Forms JV with SAIC Motor to tap growing Chinese market for hybrid electric & pure electric vehicles

[09:42] {Threei} - Entering into a joint venture with SAIC Motor Co. Ltd, a leading automaker in China. The focus of the joint venture is to develop, manufacture and sell complete vehicle traction battery systems for use in hybrid electric and pure electric passenger vehicles and heavy duty truck and bus applications in the People's Republic of China, the largest and fastest growing automotive market in the world.

[09:42] {Threei} out NVDA in full

[09:42] {Threei} .44

[09:43] {Threei} +.32

[09:43] {Threei} surprizingly easy trade

[09:43] {Threei} (US) Senator Shelby: Opposes second term for Fed Chairman Bernanke

[09:43] {Les} FCX

[09:46] {ese} L ndsn .45

[09:46] {ese} wow great fill

[09:47] {nemo} what...you buy the whole float?

[09:48] {dino} gef, bunch of directors added shares 12-15, 54

[09:48] {ese} don't usually get filled lower than bstop

[09:48] {dino} kss coming into 2 month support

[09:48] {ese} ndsn stop to break even

[09:48] {ese} .45

[09:49] {dino} pot blood

[09:49] {dino} fdx hits high 85s

[09:50] {Les} fcx .90 b/d with .05 stop?

[09:50] {Threei} AONE...

[09:50] {Threei} trying to turn into momo

[09:50] {magoo} in

[09:51] {Threei} looks good les

[09:51] {Les} ty AONE took .10

[09:51] {magoo} 22

[09:51] {dino} stec es

[09:52] {ese} will check that out

[09:52] {nemo} aone looking weak

[09:53] {ese} that was bound to happen

[09:53] {Threei} FCX 1:1

[09:53] {Les} ty out

[09:53] {Threei} gj

[09:53] {Les} this is better than holiday shopping...

[09:53] {Threei} things become much clearer eh Les

[09:54] {ese} .15 spread on this ndsn.....makes it hard to sell it

[09:54] {dino} gj

[09:54] {dino} where you in?

[09:55] {ese} i'm thinkin it should make it above 55

[09:55] {ese} .45

[09:55] {dino} gj, i wanted re-test area, not in

[09:55] {dino} rino, maybe today gap fill

[09:56] {dino} lod's

[09:56] {nemo} fcx foring tight range

[09:56] {dino} whoosh down coming, gut says

[09:56] {ese} out ndsn .86 +.41

[09:57] {dino} wtg

[09:57] {dino} dji, -120 area

[09:57] {ese} ya look at it

[09:58] {Threei} dino's gut was right

[09:58] {dino} wow

[09:58] {dino} xmas cookies 3i, great insight

[09:58] {nemo} 1/2 out fcx .45 shrot from .70

[09:58] {Threei} got it, ty for the tip

[09:59] {dino} rino gap filled

[09:59] {Threei} great job nemo

[09:59] {Threei} wow... who would have thought I'd ever say that

[09:59] {ese} back in 10

[09:59] {dino} wtfg nemo

[09:59] {Threei} lol dino

[10:00] {Threei} I realize it's a fat finger case but what an appropriate insertion of f

[10:00] {dino} :)

[10:00] {Threei} *(US) NOV LEADING INDICATORS: 0.9% V 0.7%E

[10:00] {Threei} DEC PHILADELPHIA FED INDEX: 20.4 V 16E

[10:00] {fernp} FITB, ese

[10:01] {Threei} Treasury's Allison: Goal of TARP stakes was not to make money, govt wants to exit TARP as soon as possible

[10:01] {Threei} (US) Moody's changes outlook on US homebuilding industry to Stable from Negative

[10:01] {Threei} - suggesting that the bottom has been reached for the sector.

[10:01] {Threei} - Housing starts, new home sales and existing home sales are all showing positive trends

[10:01] {Threei} - home affordability is at its strongest in many years.

[10:01] {Threei} - Joseph Snider, Moody's Vice President - Senior Credit Officer, stated that the U.S. government's support for the sector remains a critical source of strength. A premature removal of government backing, Snider said, would put the industry's outlook at considerable risk of returning to negative

[10:04] {nemo} sorry too fast scalp for 30 on rimm

[10:05] {larisa} short?

[10:05] {nemo} yes

[10:06] {larisa} washed 63 stops powerfully

[10:06] {nemo} break of .40

[10:06] {Les} FCX

[10:08] {nemo} look to short at .44

[10:08] {nemo} fcx

[10:08] {nemo} cat break of .50 short

[10:08] {Les} already in. starting to think of it as daytrade

[10:10] {strider} long PAYX .09 stop .00

[10:11] {dino} gef sm l .25

[10:11] {dino} thin

[10:11] {Threei} wow... look at NVDA exit

[10:11] {Threei} 4 cents under day high

06[10:11] * nemo slaps Threei around a bit with a large piece of his dislocated right arm

[10:12] {Threei} what a wierd case of self-mutilation

[10:13] {nemo} well, you pat yourself on the back so often, it was just hanging by a thread anyway

[10:13] {dino} uthr

[10:14] {Threei} often?

[10:14] {Threei} this is first time today

[10:14] {Threei} which means I had an urge 5 times and resisted it 4

[10:15] {nemo} that's if I believe you

[10:15] {Threei} and btw,

[10:15] {Threei} I even complimented your trading

[10:15] {Threei} which took all my physical and mental strength

[10:16] {Threei} 09:59] {Threei} great job nemo

[10:16] {Threei} [09:59] {Threei} wow... who would have thought I'd ever say that

[10:16] {strider} long gef .24

[10:16] {nemo} missed it

[10:16] {Threei} of course

[10:16] {nemo} in payx, thanks strider

[10:16] {ese} back

[10:17] {strider} I'm offering at .20

[10:17] {fernp} out FITB +.10

[10:17] {Threei} strider... you realize that for all your complaining about fast stocks, you are picking quite thin ones to trade?

[10:17] {magoo} he prefers to be addressed STRIPPER vad

[10:17] {strider} in some cases, yes.

[10:17] {Threei} not that there is anything inherently wrong with that

[10:18] {Threei} just want to make sure you do it consciously

[10:18] {strider} out PAYX +.11

[10:18] {fernp} gj

[10:18] {Threei} mags, he can apply for nick change if so...

[10:18] {strider} yes....trying to find comfortable bottom entries.

[10:19] {dino} as a stripper should

[10:19] {Threei} rofl

[10:19] {dino} lol

[10:20] {nemo} see that bloc sell at .23 on payx 1000

[10:21] {magoo} u are comfortable with your bottom stripper?

[10:21] {fernp} BAC on lows

[10:21] {nemo} nice payx stripper

[10:22] {strider} not trading large enough t partial out on these, though.

[10:22] {dino} sm l kss .75

[10:22] {nemo} if payx gets through .37 look out

[10:23] {Les} WMT

[10:26] {ese} i'm gonna join you dino bstop kss .80 sm

[10:26] {nemo} stopped last payx .21

[10:26] {dino} es, your bstop is trigger?

[10:27] {ese} yes

[10:27] {dino} ok, i enter differently, my bstops are used on shorts

[10:28] {ese} it touched .80 i'm long .797

[10:28] {nemo} no tighty whiteys?

[10:28] {ese} decent fills on bstops

[10:29] {nemo} look at nvda now

[10:29] {Threei} beautiful

[10:29] {Threei} cristmas tree formation

[10:29] {dino} i see, never tried it

[10:29] {ese} nemo? what was that dollar tracking stock....or stocks?

[10:30] {dino} learn something every day

[10:30] {nemo} cat might be a short from hear on this pull back, next stop 57.10

[10:30] {Threei} UUP?

[10:30] {strider} bid holds at.30 GEF

[10:30] {strider} now up

[10:30] {dino} uup es

[10:30] {ese} tks....whats the other one.....i think there were 2

[10:30] {dino} 2x's

[10:31] {dino} udn

[10:31] {dino} 2x's short

[10:31] {strider} offer GEF .47

[10:31] {ese} tks

[10:31] {dino} i refer to the 2x and 3x as crack

[10:33] {nemo} that was interesting buying in payx

[10:35] {ese} stopped kss.65 -.15

[10:36] {Threei} AIG

[10:37] {Threei} 20 cents range between .40 and .60

[10:37] {strider} out GEF .38

[10:37] {strider} +.14

[10:37] {Threei} half lot play on range break looks plausible

[10:37] {Threei} wtg strider

[10:37] {Threei} finding your game step by step, eh

[10:38] {dino} gj strider, i'm still in, want .90s

[10:38] {strider} flying under the radar...not getting best yield..

[10:38] {Threei} well, does this week feel different from last one?

[10:38] {strider} yeah dino, my big problem right now is premature evacuation.

[10:39] {Threei} nemo, not a word

[10:39] {dino} trail hard stops

[10:39] {strider} absolutely, vad.........

[10:39] {Threei} great

[10:39] {strider} good idea, dino. I'll work on that.

[10:39] {dino} but is something catching your eye "(edge)?

[10:39] {Threei} means nexzt step is made

[10:39] {nemo} what?

[10:40] {Threei} means no mental block anymore that keeps you locked in repeating same thing that doesn't work

[10:40] {strider} things that weren't working last week are working better now.

[10:40] {larisa} lol

[10:40] {Threei} that's because it's different things

[10:40] {strider} I get in a funk if I start out with a loser.

[10:40] {dino} ahhh lari

[10:40] {strider} Haven't done that this week.

[10:40] {nemo} fcx short .30 break

[10:41] {Threei} les nailed a few good setups too

[10:41] {strider} yep.

[10:41] {strider} congrats Les

[10:41] {Threei} unthnkbale for him himself just a few short weeks ago {G}

[10:41] {Threei} and nemo, sheesh... I actually complimented his trading today... I am still shell shocked

[10:42] {dino} nemo is in the zone

[10:42] {nemo} glad I missed it....would have fallen off the chair

[10:42] {strider} need to wash your mouth out with soap, vad.

[10:42] {Threei} no kidding

[10:42] {magoo} better than a poke in the ass, oops, er um, EYE

[10:42] {nemo} vodka is just as good a disinfectant

[10:43] {nemo} JANITOR!

[10:43] {Threei} if it goes this way, during my week in Bahamas you'll find out you don't need me

[10:43] {strider} that's what I was thinking.

[10:43] {Threei} and upon return I find my room access withdrawn

[10:44] {dino} he's on to us

[10:44] {nemo} when you trade down there, you logging into the room?

[10:44] {strider} I'm still waiting for _notvad to show up.

[10:44] {dino} i smell a rat

[10:44] {Threei} lol

[10:44] {nemo} that's magoo next door dino

[10:45] {strider} nemo, what kind of humongous stop you put on FCX ?

[10:45] {nemo} haven't taken it yet but looks like .45

[10:46] {dino} ag's beat up, mon, mos, pot, etc

[10:47] {dino} rino sm l .83

[10:47] {dino} scanners solid green, fwiw

[10:50] {ilana} things seem still random today?

[10:50] {magoo} RIMM bounce

[10:51] {ese} nahhhhhhhhh ....for a brief moment there i was thinking about 5k of kry.........could it bee that i'm going temporarily insane

[10:51] {dino} indeed

[10:51] {magoo} mkts bouncing

[10:51] {Threei} opening was good ilana

[10:52] {Threei} Long Setup: WFC 26 break

[10:52] {dino} hmmm, i had the exact reverse impression ilana

[10:52] {Threei} if stays above .90

[10:52] {nemo} cat. .43 break if above .35

[10:54] {Threei} nemo, notice big offer there

[10:54] {nemo} volume not confirming yet

[10:54] {nemo} yep

[10:54] {Threei} amazing how often they coinside with chart resistance

[10:54] {nemo} frickin metaphuysical

[10:56] {Threei} WFC 1:1

[10:56] {fernp} ty

[10:57] {Threei} CAT 1:1

[10:57] {nemo} yep

[10:57] {Threei} frogs eradication

[10:59] {nemo} rimm interesting sitting on 200 period ma

[11:01] {nemo} took the scalp just above 1:1 lunchtime comes early

[11:02] {ilana} wake up, AIG

[11:02] {ese} it's been a while since we've had a really cool word......"metaphuysical".....i like it

[11:02] {nemo} ty

[11:03] {ese} your welcome

[11:04] {strider} PAYX

[11:04] {nemo} by the way, I took the scalp because cat hit a pivot resistance

[11:06] {strider} l PAYX .04, stop below 31.00

[11:10] {strider} spy heading south

[11:16] {strider} stop to b/e PAYX

[11:17] {Threei} ilana, you in AIG short?

[11:17] {ilana} no, why

[11:17] {ilana} in HIG .76

[11:18] {Threei} 11:02] {ilana} wake up, AIG

[11:18] {Threei} thought it meant you were in

[11:18] {ilana} i was

[11:18] {Threei} so wanted to provide some running comment

[11:18] {ilana} please, on HIG too

[11:19] {Threei} lol, I don't have any on HIG

[11:19] {ilana} out btw, don't like anymore

[11:20] {Threei} les fell asleep I guess

[11:20] {fernp} MS lod

[11:21] {ilana} what was the comment on AIG, Vad?

[11:22] {Threei} to trail stop to above .50

[11:22] {ilana} ok

[11:22] {nemo} sneaky volume increases in rimm over last 10 minutes

[11:23] {strider} stop oujt +.02 PAYX

[11:23] {ilana} to which direction, RIMM

[11:24] {nemo} which one of us dumbasses forgot to look at deck?

[11:24] {nemo} not sure ilan

[11:24] {nemo} ilana

[11:24] {nemo} having said that, a .20 spread- ALL DINO!

[11:24] {larisa} i did not, no volume though DECK

[11:25] {larisa} plus what you said

[11:26] {patience} .

[11:27] {ese} i knew you wern't away.......

[11:29] {patience} :)

[11:29] {strider} PAYX new lod

[11:29] {fernp} MS short .54 stop above .60

[11:29] {patience} i am waiting for a turn up in hgu...usually turns around 10:30 our time

[11:30] {strider} hgu?

[11:31] {strider} what is hgu

[11:31] {strider} ?

[11:33] {nemo} canadian gold stock or etf

[11:33] {Threei} Toronto exchange strider

[11:33] {strider} ah, that explains it.

[11:33] {strider} thx

[11:37] {Threei} (US) Senate Banking Committee votes to nominate Fed Chairman Bernake, full Senate vote on Bernanke soon

[11:37] {Threei} - Final vote: 16-7

[11:37] {fernp} 1:1 MS

[11:41] {strider} good trade, fern.

[11:42] {fernp} BYD lod interesting if breaks .50

[11:42] {fernp} ty strider

[11:43] {strider} at open, lod=.39

[11:44] {strider} but may not matter.

[11:44] {fernp} yeah, ignoring those few prints

[11:44] {dino} out gef .60, +.35

[11:45] {fernp} gj dino (as always)

[11:45] {dino} ty

[11:46] {dino} screwed up rino, had .60 on it

[11:46] {larisa} I think I 'll start my Christmas early. Merry Christmas and Happy New Year, guys. Good trading and be safe.

[11:47] {Threei} have a great holiday time larisa, Merry Christmas

[11:47] {fernp} happy holidays larisa

[11:47] {larisa} do not let market fall below 9K :)

[11:47] {strider} merry xmas larisa:)

[11:47] {patience} enjoy larisa

[11:48] {dino} have a wonderful xmas and new year larisa

[11:48] {larisa} patience, you help ilana to watch guys.. they need to learn to behave

[11:49] {patience} that's your job :)

[11:49] {larisa} nah :)

[11:50] {fernp} MU breaking .75

[11:50] {ilana} i lost last hope

[11:51] {dino} esrx quite the ride

[11:53] {Threei} you girls mean we msibehave??

[11:53] {nemo} shorn rimm .29

[11:58] {fernp} TXN also insteresting if breaks .25

[11:59] {magoo} so mch for that retard farleys callu

[12:00] {strider} haha

[12:00] {strider} what has happened now, mags?

[12:00] {patience} day isn't over yet magoo...and its options week

[12:01] {Threei} Senator Dodd: would be difficult to reimpose Glass-Steagall limits on banks as suggested by Senators McCain and Cantwell yesterday

[12:01] {Threei} why??

[12:01] {nemo} cost him votes from CT

[12:01] {Threei} that goes without saying

[12:01] {Threei} I just want to hear any opf them explaining why

[12:01] {fernp} BYD 1:1

[12:01] {Threei} him, Timmy

[12:13] {strider} AONE bear flag

[12:15] {nemo} amzn hit resistance at .73, might be forming a range here

[12:18] {nemo} huh...deck, shouldn't have taken my eye off it perfect short at 96.50

[12:20] {dino} out rino .33, +.50

[12:23] {Les} AWIAV?

[12:23] {nemo} coma

[12:27] {strider} ESRX

[12:28] {dino} i like it stride, trying to figure entry

[12:28] {strider} news vad? none here.

[12:28] {strider} no bad news anyway.

[12:28] {nemo} see if you can get .40,

[12:29] {strider} retracement from morning euphoria

[12:31] {nemo} do my eyes deceive me or is the relative volume on S&P500 over 200%

[12:31] {nemo} if so THAT'S distribution

[12:32] {dino} strider, was -4 yesterday

[12:32] {nemo} volume or point loss?

[12:33] {Threei} nothing on ESRX since 8 a,

[12:33] {Threei} am

[12:33] {ese} i'm outta here or today.....not doing much but watching see ya tomorrow

[12:33] {Threei} take care ese

[12:33] {strider} see ya, ese.

[12:34] {fernp} bye ese

[12:34] {Threei} 8:02:10 AM

[12:34] {Threei} Express Scripts Inc Study finds no association between anti-epileptic drug switches and increased seizure activity

[12:34] {Threei} - Results of a study that examined the association of seizure risk among epilepsy patients after switching between A-rated anti-epileptic drug formulations. The study found no evidence that switching between A-rated anti-epileptic drugs, including brand to generic substitution, was associated with increased emergency room visits or hospitalizations for epilepsy.

[12:34] {ese} cya guys and gals

[12:34] {patience} later ese :)

[12:34] {strider} so, no bad news is good new.

[12:34] {Threei} for canucks

[12:34] {Threei} CA) BoC's Carney: Pledge to keep rates on hold through mid 2010 is "conditional," policy will change if conditions change

[12:34] {Threei} - BoC believes the current rate plan is "most appropriate

[12:35] {Threei} no reaction by loonie

[12:35] {Threei} and actually loonie looks nicely bearish

[12:35] {Threei} thank godness

[12:40] {Threei} since larisa is not here, I'll abuse the analogy one more time and post this:

[12:40] {Threei} As long as you expect certain percentage of frogs to remain frogs rendering your kisses wasted - you don't consider every kiss not resulting in prince/princess appearance an error that can and should be eradicated. Thus you stay true to market reality - it's an odds game with no 100% certainty, thus no need to get stubborn and try to squeeze a princess out of each and every frog, thus stops are taken easily, losses are kept well under control and don't cause emotional disturbance.

[12:42] {Les} that's my problem - trying to continuously squeeze princesses from toads

[12:42] {strider} I don't know about this frog-kissing. I mean, I always heard they turned into princes. Too old to change my ways now.

[12:44] {strider} (NOTE to self: check gender of frog before kissing.)

[12:44] {Threei} I guess I am a reeloader...

[12:45] {Threei} I am waiting for someone else to deal with the frog, and then go for a princess if aforementioned appears

[12:45] {strider} OK. I vote for nemo.

[12:46] {strider} FDX selloff

[12:46] {fernp} TXN 1:1

[12:46] {Threei} fern knows no frogs today

[12:46] {fernp} :-)

[12:46] {strider} I know. Every rock he turns over has a princess under it.

[12:48] {strider} Lots of roses in Spanish Harlem.

[12:48] {fernp} lol

[12:49] {strider} care to read FDX one more time, vad?

[12:49] {Threei} not really

[12:49] {Threei} quick 50 cents drop

[12:49] {Threei} needs to do something here to form readable formation

[12:49] {ilana} AIG .25 break?

[12:50] {Threei} I hate the way it trades today

[12:50] {Threei} these sharp sudden moves both ways

[12:50] {ilana} what are the big offers mean?

[12:50] {Threei} usually a good indication of spike if broken

[12:51] {fernp} one mistake today: MU i didn't know it moves so slow.

[12:51] {fernp} It is doing nothing. I think I'm gonna close the trade here. with +.01

[12:51] {Threei} easy to see actually fern

[12:51] {Threei} look at its daily ranges

[12:52] {Threei} and how thick it is

[12:52] {fernp} y, true

[12:52] {Threei} rare days when it makes 50 cents range stand out like superstars

[12:53] {fernp} yeah. out MU .... I hate MU lol

[12:54] {Les} double bottom WMT?

[12:55] {Threei} not the kind I can trade

[12:55] {Les} ok

[12:55] {Threei} confirmation is 53 break, lol

[12:55] {Threei} Ilana, see what I mean about AIG?

[12:56] {ilana} you said spike

[12:56] {Threei} what the deuce was that... and during market upward move

[12:56] {ilana} spike down?

[12:56] {Threei} [12:50] {Threei} I hate the way it trades today

[12:56] {Threei} [12:50] {Threei} these sharp sudden moves both ways

[12:56] {Threei} this is what I refer to

[12:56] {ilana} ok

[12:56] {Threei} normally those breaks of big offers lead to spike up

[12:57] {patience} back in hgu

[12:57] {Threei} but the way this thing trades today, I just have no grip on it

[12:57] {ilana} i see

[12:58] {strider} GLD bear flag, best seen on 5min.

[12:59] {patience} don't say that, mortgage payment is tomorrow strider

[12:59] {strider} obviously, I was mistaken.

[13:00] {Threei} look at 1 min strider

[13:00] {Threei} double bottom, uptrend ever since, ascending triangle

[13:00] {Threei} break of triangle's flat top at .50

[13:00] {strider} yep. see that, too.

[13:01] {strider} not an impressive climb from the bottom , though.

[13:01] {Threei} well, it's in general downtrend

[13:01] {Threei} look at daily

[13:01] {strider} yeah

[13:02] {dino} fdx gap filled from mid nov.

[13:02] {Threei} goldbugs always hate my guts... but, gold is so dead

[13:02] {patience} on the way down,it still has relief jumps...i like those because they are steady trades for scalps

[13:02] {Threei} of course...

[13:02] {strider} But breeak of 5min. trend would be at about break of 1 min. support at 10:50. No?

[13:03] {Threei} and before dying eventually, will probably make one last rally

[13:03] {Threei} luring in believers

[13:03] {strider} about .30

[13:03] {Threei} then USD will rally like there is no tomorrow, and gold bubble will burst

[13:04] {patience} andwhen usd has momo up, iwill play it

[13:05] {Threei} oil story will repeat itself to a T... but of course "this time will be different"

[13:05] {dino} fwiw watching; ndsn, fdx, rino, gef, esrx, ebix

[13:06] {dino} i see we hit the -125 gut saw

[13:11] {dino} pbm tax considered in senate, w/heathplan proposal

[13:11] {dino} that explains esrx

[13:13] {dino} gef lod

[13:14] {Les} WDC?

[13:15] {dino} raised to outperform

[13:15] {Threei} US) Fed's Fisher: Has not seen any inflation data that "ruffles my hawkish feathers," sees Q4 GDP +3-4%

[13:15] {Threei} - Believes inflation remains mild

[13:20] {strider} long FDX .69

[13:23] {strider} stopped .58

[13:24] {dino} imo strider, watch the dji for the trigger on fdx

[13:25] {strider} k. thx.

[13:25] {strider} was trying to buy low side of consolidation.

[13:26] {dino} on these big(?) down days, i sit, wait for market to tell me

[13:26] {ilana} tell us what it says

[13:27] {Threei} he can't

[13:27] {strider} I would probably have been ok with wider stop. but not willing to take it.

[13:27] {dino} right now it says "sit"

[13:27] {Threei} it''s pure swearing, no single decent word

[13:27] {dino} break of 10345, possibly up

[13:28] {dino} other way is to hit bottoms

[13:28] {dino} but that is just me

[13:31] {dino} i see a lot of support levels holding well

[13:32] {dino} fdx getting interesting

[13:34] {nemo} pru could be interesting break of .08

[13:34] {dino} been watching met off it

[13:35] {dino} seeing gef, rino, kss holding lows well

[13:35] {nemo} frickin rim

[13:35] {nemo} rimm

[13:39] {strider} dcc trev

[13:40] {dino} osk

[13:40] {Threei} no news here

[13:40] {dino} gao confirms oask wins

[13:41] {Threei} OSK GAO Decision Affirms Major Army Conclusions Supporting Oshkosh FMTV Award; Denies Challenges to $440 Million Dollars in Savings and Nearly All Other Protestor Complaints

[13:44] {dino} way i read it, still 60 days to accept or decline gao decision

[13:44] {dino} so, politics comes into play

[13:46] {fernp} TXN hit my 1:1 and bounced from there all the way back. I guess I got lucky :-)

[13:46] {dino} gj

[13:46] {fernp} ty

[13:48] {nemo} short cat .29

[13:48] {nemo} stop .37

[13:55] {nemo} stopped

[14:00] {dino} gef hl l .30

[14:01] {lasertrev} Strider got it

[14:05] {dino} esrx one crazy ride

[14:11] {nemo} whaddya' think dino .25 on esrx?

[14:11] {Threei} who thinks BAC .10 break deserves a short?

[14:12] {nemo} too obvious

[14:12] {dino} i don't like it up here

[14:12] {nemo} oh, I thought you were in it

[14:13] {dino} no, walked away and she got legs

[14:13] {nemo} zztop

[14:13] {dino} lol

[14:13] {nemo} great video

[14:16] {fernp} BAC on lows and WFC on highs

[14:19] {fernp} shorting BAC here

[14:20] {strider} trev, dcc

[14:21] {Les} http://miburl.com/WHjmqVU

[14:21] {Les} Russian's preparing for war Vad. Stocking up on essential items

[14:22] {fernp} lol

[14:22] {patience} good beer

[14:23] {Threei} no leader ever survived over there attempt to cut alcohol consumption

[14:23] {Threei} nor succeeded in the slightest in doing so

[14:26] {Threei} General Motors Corp Treasury Official: Expects GM to make a "reasonable effort" to have an IPO by mid 2010

[14:26] {Threei} - Does not know whether July 2010 would be an appropriate time for an IPO or not.

[14:26] {Threei} ***Reminder: On 12/15 GM Chairman Whitacre said he plns to repay govt funds by the end of June (GM's current TARP funds approx $20.64B)

[14:30] {Threei} BAC 1:1

[14:30] {fernp} 1:1 BAC

[14:30] {fernp} i need days like this oftener

[14:30] {Threei} rather than seldomer?

[14:31] {dino} wtg fern

[14:31] {fernp} "oftener" word is correct?

[14:31] {nemo} more often

[14:32] {fernp} i knew

[14:32] {fernp} ty dino

[14:33] {Threei} I like oftener

[14:33] {Threei} I also like bester, worser

[14:33] {Threei} badder

[14:33] {Threei} overboughter and oversolder

[14:34] {Threei} don't listen to them fern

[14:36] {Les} you spanish fern?

[14:36] {nemo} funny spanish fern

[14:36] {fernp} no problem Vad. they speak english better than me

[14:36] {fernp} yes, spanish

[14:36] {nemo} isn't there a vegitation "spanish fern"

[14:37] {Les} ok, can't be too sure. From what I hear a lot of southern Spain is now English...

[14:38] {Les} NVDA looking for green

[14:41] {fernp} PETM hod and daily interesting

[14:46] {Threei} BAC 1:2

[14:46] {Threei} and accelerating

[14:47] {fernp} yeah, losing 15, BAC looks very bearish

[14:48] {fernp} on daily i mean

[14:55] {Threei} F North American President: reiterates 12.5M SAAR sales forecast - CNBC

[14:55] {Threei} - have seen some imporvement at the retail level

[14:56] {Les} SNDK

[14:58] {magoo} CECO vad news

[15:02] {Threei} CECO Weakness attributed to chatter that the Office of the Inspector General (OIG) has sent a letter to the Dept of Education proposing stripping accredation authority of the Higher Learning Commission (HLC) (26.00, -2.35, -8.29%) (related COCO ESI DV STRA )

[15:04] {Les} damn it mags, did you do that to CECO?

[15:05] {Les} I wasn't fast enough by half

[15:11] {nemo} gotta' go cu2morow

[15:12] {Threei} take care nemo

[15:12] {Les} no you won't

[15:12] {nemo} small blessing

[15:12] {Les} actually no it's not saturday tomorrow, so yes you will

[15:14] {Threei} BAC unhinged

[15:17] {dino} rino sm l .95

[15:21] {Threei} CECO Higher Learning Commission (HLC): Aware of report out of the DoE's Office of the Inspector General, preparing a response shortly (25.05, -3.30, -11.64%)

[15:22] {Threei} solunds like admissions that report is true

[15:22] {Threei} you don't need to "prepare a response" if it's not, takes all of 5 seconds to say there is nothing going on

[15:24] {Threei} the reference link for the report is here: http://www.ed.gov/about/offices/list/oig/auditreports/AlertMemorandums/l13j0006.pdf

[15:25] {Threei} yup

[15:25] {Threei} look how it drops when the link appeared in news update

[15:25] {dino} esi, apol too

[15:26] {Threei} and COCO

[15:28] {Threei} old joke about trajectory of a missile being curved, meaning that you can shoot from around the corner if you put a gun on its side is not a joke anymore

[15:28] {Threei} see reports about XM-25?

[15:28] {Les} hmm?

[15:28] {Threei} new gun in testing

[15:29] {Threei} extremely sophisticated

[15:29] {Les} Israeli's have had shotgun with camera that shoots round corners for a while

[15:30] {Les} http://www.breitbart.tv/?p=14224

[15:30] {Les} ok its that weapon

[15:32] {Les} looking for bounce in CECO but impossible to tell

[15:33] {dino} out gef .52, +.22

[15:33] {Threei} http://www.army.mil/-news/2009/11/10/30147-army-testing-xm-25-smart-high-explosive-weapon-for-soldiers/

[15:35] {Les} interesting. cover from fire is no longer the case with such a weapon.

[15:35] {Threei} right

[15:45] {Threei} what a murder, CECO

[15:45] {fernp} woow

[15:45] {Les} wish I knew how to play it

[15:45] {Threei} as impressive as it looks on intraday, just have a look at daily for a gasp

[15:46] {Les} cool

[15:47] {fernp} a lot of news CECO today

[15:48] {Les} allright bed is looking better than this market. night all.

[15:48] {fernp} DELL strong

[15:50] {dino} gn les

[15:50] {fernp} go to the bank :-) Good evening everybody. see you tomorrow

[15:52] {Threei} take care les, fern

[15:54] {Threei} interesting day

[15:54] {Threei} quite mellow but very nicely profitable

[15:54] {Threei} thank you all, have a nice evening

[15:54] {Threei} see you tomorrow

[15:54] {dino} gj fern, cya

[15:55] {patience} see you vad, one trade for me today....some days you just sit and wait

[15:55] {Threei} as long as it's winning trade...

[15:56] {patience} remains to be seen, stop hasn't been hit yet

[15:56] {dino} ndx, s/p gaps filled from 12-09

[15:58] {dino} out rino .99, +.04

[15:59] {dino} thx all ok day

[16:02] {Threei} ORCL Reports Q2 $0.39 v $0.36e, R$5.9B v $5.7Be

[16:06] {Threei} RIMM Reports Q3 $1.10 v $1.04e, R$3.92B v $3.8Be

[16:11] {Threei} mags, got any of them?

[16:11] {Threei} your style moves

Dec 16 2009

FOMC day didn't bring tradeable environment - no follow through on most setup. A few trades worked but frogs albeit small were a few too many.

Session Time: Wed Dec 16 00:00:00 2009

[08:30] {Threei} *(US) NOV CONSUMER PRICE INDEX M/M: 0.4% V 0.4%E;

[08:30] {Threei} US) Q3 CURRENT ACCOUNT BALANCE: -$108.0B V -$107.5BE

[08:30] {Threei} *(US) NOV HOUSING STARTS: 574K V 574KE; BUILDING PERMITS: 584K V 570KE

[08:44] {magoo} morn

[08:44] {Threei} mags :)

[08:46] {magoo} got anything?

[08:46] {Threei} nothing really oustanding

[08:47] {Threei} keeping AET on watch

[08:58] {fernp} Good morning everybody

[08:58] {Threei} fern :)

[09:14] {dino} gm all

[09:16] {ese} watching anything in particular vad......aet for one i can see

[09:16] {Threei} dino :)

[09:16] {larisa} gm all :)

[09:16] {Threei} larisa :)

[09:16] {nemo} lari :)

[09:16] {Threei} not really, nothing outstanding

[09:16] {ese} dino laris

[09:16] {larisa} :)

[09:16] {Les} howdy folks :)

[09:17] {Threei} les :)

[09:17] {Les} too much to drink last night. forgive me if i ask you to slow down the trades today vad so I can cope

[09:18] {nemo} Take a powder Les and hit the pine.

[09:18] {Les} JOYG showing nice range premarket

[09:19] {nemo} not bad volume either

[09:20] {Threei} IA) White House: Iran missile test makes the case that nuclear program is not peaceful

[09:20] {Threei} - this echoes a comment from the UK PM earlier today

[09:20] {nemo} yeah, and they're not going to do anything about it

[09:20] {dino} shocking

[09:20] {Threei} Reportedly an announcement on Basel II rules expected tomorrow - unconfirmed report

[09:20] {Threei} - Old banking rules will still apply for a period of time after application of Basel II

[09:21] {Threei} hmmm

[09:24] {ese} nvda

[09:25] {Les} it's FOMC day again. what time?

[09:25] {Threei} Intel Corp FTC Challenges Intel's Dominance of Worldwide Microprocessor Markets

[09:25] {Threei} - Intel Corp sued by FTC, charging that the company has illegally used its dominant market position for a decade to stifle competition and strengthen its monopoly.

[09:25] {Threei} - FTC alleges that Intel has waged a systematic campaign to shut out rivals' competing microchips by cutting off their access to the marketplace. In the process, Intel deprived consumers of choice and innovation in the microchips that comprise the computers' central processing unit, or CPU. These chips are critical components that often are referred to as the "brains" of a computer.

[09:25] {Threei} - According to the FTC complaint, Intel's anticompetitive tactics were designed to put the brakes on superior competitive products that threatened its monopoly in the CPU microchip market. Over the last decade, this strategy has succeeded in maintaining the Intel monopoly at the expense of consumers, who have been denied access to potentially superior, non-Intel CPU chips and lower prices, the complaint states.

[09:26] {Threei} In addition, allegedly, Intel secretly redesigned key software, known as a compiler, in a way that deliberately stunted the performance of competitors' CPU chips. Intel told its customers and the public that software performed better on Intel CPUs than on competitors'

[09:26] {magoo} WFC vad

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:27] {ese} some hefty charges there

[09:27] {ese} trev

[09:27] {Les} see the selling volume on NVDA at .50...

[09:27] {magoo} news WFC vad

[09:28] {nemo} rimm looking toppy

[09:28] {magoo} does RIMM report tomorrow after bell anyone?

[09:28] {Les} someone scaring buyers into selling NVDA?

[09:29] {Les} big selling volume followed by rapid collapse?

[09:29] {Les} collapse in price

[09:29] {dino} they alwats do es, about the 20th time

[09:29] {Threei} 14:15 FOMC rate decision Les

[09:30] {Les} ta

[09:30] {magoo} wow ACHN'

[09:31] {Threei} Long Setup: NVDA .20 break

[09:31] {Threei} if stays above .10

[09:31] {Threei} Long Setup: WFC .05

[09:32] {Threei} if stays above .95 for scsalpers, .90 for dsay traders

[09:33] {magoo} in nvda

[09:33] {ese} l nvda .24

[09:34] {dino} ebix

[09:34] {magoo} BBY jsus

[09:35] {Threei} NVDA 1:1

[09:35] {fernp} ty

[09:35] {ese} out 1/2 .32

[09:35] {Threei} 1:2

[09:36] {ese} out full .40

[09:36] {Threei} me too

[09:36] {ese} tks vad

[09:36] {Threei} sure thing

[09:36] {Threei} WFC frog

[09:36] {nemo} ribbbbit

[09:37] {Les} we let it drop a little before trying?

[09:37] {Les} trying again

[09:37] {Threei} it either forms setup or not

[09:38] {fernp} out WFC

[09:38] {nemo} wfc at support

[09:38] {Les} ah right. sorry, i t's not a capitulation play

[09:39] {dino} \meli hl l .05

[09:40] {magoo} out .47 NVDA ty

[09:41] {ese} good ob mags

[09:41] {ese} job

[09:41] {ese} nahhhh that was a good ob

[09:42] {Les} INTC dropping

[09:43] {Les} JOYG approaching short or bounce status

[09:44] {nemo} bby

[09:45] {magoo} ok reloaded nvda .50 out here .63

[09:45] {magoo} ty vad

[09:45] {Threei} nice

[09:45] {magoo} in bby .25

[09:46] {fernp} HIG breaking hod

[09:47] {magoo} ADBE strength

[09:48] {magoo} 'not liking BBY

[09:48] {nemo} looking o.k. mags

[09:49] {nemo} where's stop?

[09:49] {magoo} .98

[09:49] {nemo} wow, you got room

[09:49] {magoo} half lot

[09:50] {magoo} add if gets moving

[09:50] {Threei} Long Setup: AIG 29 break if stays above 20.90

[09:50] {nemo} volume support mags

[09:50] {dino} gef, deck

[09:50] {dino} deck bottomed around 94.25 yesterday

[09:50] {dino} gef bit thin

[09:53] {dino} gef sm l .40 wide thin

[09:53] {Threei} no go AIG

[09:53] {fernp} sigh

[09:57] {ese} dino....you get anything gapping up/dn } 2.00

[09:58] {dino} amed

[09:58] {Threei} finally BBY

[09:58] {ese} amed

[09:58] {ese} opps you said that

[09:58] {dino} auxl

[09:58] {ese} tks

[09:58] {dino} fgxi

[09:58] {dino} tam, air, db

[09:59] {dino} how's that to start

[09:59] {ese} anything of interest

[10:00] {dino} working gef, meli, both destroyed yesterday

[10:00] {ese} amed would have a good one......my scanners didn't pick it up

[10:01] {dino} china's not moving much, snda, pwrd

[10:01] {dino} pru spike

[10:02] {Threei} HIG should follow I'd think

[10:03] {Threei} Senator McCain and Cantwell propose reimposing Glass-Steagall Act

[10:03] {Threei} RIMM looks determined

[10:04] {dino} deck lod again

[10:05] {Les} FCX

[10:06] {nemo} yesterday's high .85

[10:07] {Threei} ***Note that the Glass-Steagall Act was passed in the wake of the Great Depression and introduced the separation of bank types according to business (commercial and investment banking), among other stipulations. This aspect of the act was repealled in 1999, a move that has been widely blamed for causing the current financial crisis.

[10:08] {dino} meli stopped -.30

[10:08] {dino} -.35

[10:09] {nemo} fcx dropped off the high from yesterday

[10:09] {magoo} we need to follow that fcx more

[10:10] {magoo} better range than rimm

[10:10] {Threei} anyone tried HIG?

[10:10] {nemo} was there a call?

[10:10] {nemo} missed it

[10:10] {Threei} no

[10:11] {magoo} just a wink wink

[10:11] {Threei} was a comment on HIG likely to follow PRU, and it was at the break level

[10:11] {dino} deck sm l .95

[10:11] {nemo} missed it

[10:11] {fernp} me Vad

[10:11] {fernp} im long from .11

[10:11] {fernp} HIG

[10:11] {Threei} :)

[10:11] {nemo} Mags, if FCX can hold above .85 should go to 80.60

[10:12] {magoo} out BBY here .56

[10:12] {Threei} wtg

[10:12] {magoo} really wanted 42 SIGH

[10:12] {dino} cedc luv

[10:12] {ese} ever have those periods where everything you look it just doesn't feel firght

[10:12] {ese} right

[10:12] {nemo} yeah, marriage

[10:13] {dino} lots of days es. thats why i start slow

[10:13] {dino} sit back and wait for your pitch

[10:13] {magoo} have a happy p'...d lol

[10:13] {dino} no worries

[10:13] {dino} lots of time

[10:13] {nemo} watch for cat short break of

[10:13] {nemo} damn

[10:13] {nemo} .63

[10:14] {ese} yup.......will heed that advice

[10:14] {nemo} boy, does that frost my behind

[10:15] {Threei} that would be a short of the day

[10:15] {nemo} Next time I take it first, then alert

[10:16] {fernp} COH breakout. Vad?

[10:16] {Threei} not really delighted

[10:16] {fernp} thanks

[10:17] {Les} WFC

[10:18] {ese} the day the world stood still.......my scanners not moving

[10:18] {nemo} that movie sucke

[10:18] {nemo} sucke

[10:18] {nemo} sucked

[10:18] {nemo} frickin "D" key

[10:18] {fernp} LOW on lows

[10:18] {ese} lol

[10:19] {magoo} yea..i didnt get the ending at all

[10:19] {nemo} it was a global warming movie

[10:19] {nemo} or climate chnge

[10:19] {magoo} workld destroyed..only 2 humans left i guess

[10:20] {nemo} adam and eve

[10:21] {Les} Avatar looks like cool movie to see this weekend

[10:22] {magoo} my son and i luv the cartoon avatatr

[10:22] {nemo} mmmhhhh

[10:23] {dino} deck stopped

[10:23] {dino} fds

[10:23] {fernp} BRCM hod

[10:24] {Threei} US) Senate Aide: Re-confirmation of Fed's Bernake could be put off until Jan

[10:24] {Threei} as if

[10:24] {nemo} amzn coughed up a furball, missed that one

[10:25] {Threei} look in the future:

[10:25] {Threei} STMicroelectronics NV Unveils High-Performance System-on-Chip for Next Generation of Integrated Broadcast and Broadband-Internet Digital TVs

[10:25] {Threei} - Announced the launch of a new generation of high-performance, full high-definition (FHD) H.264/MPEG System-on-Chip (SoC) ICs for the worldwide flat-panel digital TV (DTV) market. Next-generation TVs powered by the new SoCs will enable compelling services and new business models for premium content, and deliver a rich and intuitive user experience.

[10:26] {nemo} rimm could be a short break of .67

[10:26] {dino} amed lod

[10:26] {Les} Vad, what I want is 3D tv in the house. you can keep the "compelling services" :)

[10:28] {Les} watching WFC for retest of low

[10:28] {dino} fds sm l .00

[10:28] {Threei} out of three possible answers I reviewed none can be posted in other than very adult room

[10:28] {Threei} so I'll refrain

[10:29] {Les} oh. perhaps your compelling services are different than mine...

[10:29] {dino} lol

[10:29] {Threei} Short Setup: CAT .43 break

[10:29] {Threei} if stays under .50

[10:30] {magoo} shorting CAT is unamerican

[10:30] {magoo} that said.IN

[10:30] {Threei} *DOE CRUDE: -3.69M V -2ME

[10:30] {nemo} it invalimudated mags

[10:30] {Threei} really

[10:30] {dino} gut says up

[10:30] {fernp} stopped

[10:30] {ilana} HIG is happy today

[10:31] {Threei} GASOLINE: +879K V +1ME

[10:33] {Les} JOYG

[10:33] {fernp} out BRCM +.12

[10:34] {Threei} Intel Corp Comments on FTC

[10:34] {Threei} - States: has competed fairly and lawfully. Its actions have benefitted consumers. The highly competitive microprocessor industry, of which Intel is a key part, has kept innovation robust and prices declining at a faster rate than any other industry. FTCs case is misguided. It is based largely on claims that the FTC added at the last minute and has not investigated. In addition, it is explicitly not based on existing law but is instead intended to make new rules for regulating business conduct. These new rules would harm consumers by reducing innovation and raising prices

[10:35] {Threei} you out HIG fern?

[10:36] {fernp} yeah, at 1:1

[10:36] {Threei} oh OK

[10:36] {Threei} PRU double topped so I wanted to give a warning

[10:37] {ilana} HIG is PRU's follower?

[10:37] {nemo} fcx short .59 stop .80

[10:37] {nemo} ?

[10:37] {Threei} they are in the same sector

[10:37] {Threei} MET, PRU, HIG

[10:37] {ilana} ok

[10:37] {Threei} not necessary follows per se

[10:38] {Threei} but today there is some correlation

[10:38] {nemo} nice if pullback to .70 and then drop

[10:38] {magoo} AWIAV?

[10:38] {Threei} chart wise yes nemo

[10:38] {Threei} how follow through works today, not sure

[10:38] {Threei} we are nearing FOMC

[10:38] {nemo} yeah, been sticky

[10:39] {Threei} amd it's usually dead time

[10:39] {Les} got lucky once shorting fcx Nemo, but it didn't go down easily

[10:39] {nemo} we'll leave that one alone

[10:41] {dino} amed bloody hell

[10:42] {Threei} Short Setup: MET .10 break

[10:42] {dino} es, we need to figure that one out

[10:42] {Threei} if stays below .15 for scalpers

[10:42] {Threei} obviously .20 for day traders

[10:44] {fernp} sheesh, we shorted a double bottom on CAT

[10:45] {Threei} what do they say about hindsight

[10:45] {Les} .95 break of wfc?

[10:45] {dino} fds to .30

[10:45] {dino} out fds +.30

[10:46] {Threei} if holding .85, could be, WFC

[10:46] {Threei} not too jazzed about it

[10:48] {magoo} news AMZN vad?

[10:49] {Threei} 10:22:10 AM

[10:49] {Threei} Amazon.com Inc Recent weakness being attributed to vague chatter of a cautious analyst call

[10:49] {Threei} - hearing the note takes a cautious stance based on results from BBY yesterday.

[10:49] {Threei} - follow up 10:38ET: Goldman analyst note says that the "Best Buy gross margins highlight an Amazon risk...yet despite Best Buys discouraging precedent, we remain comfortable with our Amazon estimates and positive view." Maintains Buy rating and $146 price target.

[10:50] {Threei} daily screams short

[10:50] {dino} deck double bottom?

[10:51] {Threei} rather feels breakdownish to me

[10:52] {tomg} which stock vad?

[10:52] {Threei} SWCK

[10:52] {Threei} DECK

[10:52] {dino} ty

[10:52] {tomg} ty

[10:53] {magoo} r u kidding

[10:53] {magoo} lol typing

[10:53] {nemo} .15 spread, nice

[10:53] {nemo} fcx

[10:53] {nemo} sorry

[10:54] {dino} amed .25 sm l trig

[10:54] {Threei} why kidding?

[10:55] {dino} lost me

[10:55] {Threei} talking to magoo

[10:55] {ilana} PRU went up...

[10:57] {dino} amed taunting me

[10:57] {dino} like the dreaded double dog dare

[10:57] {Threei} lol

[10:57] {dino} xmas story

[10:58] {nemo} "must be italian"

[10:58] {dino} lol

[10:58] {Threei} AMED news is pretty ominous

[10:58] {dino} all i see is voted in top ten for 10

[10:58] {Threei} Amedisys Inc Hearing early weakness attributed to cautious comments at Pali research

[10:58] {Threei} - Firm believes AMED is being impacted by fraud concerns based on Health and Human Services expanding their anti-fraud joint effort with the Justice Dept to Baton Rouge, LA where AMED is based.

[10:59] {dino} thx

[10:59] {nemo} that spread

[10:59] {Threei} MET 1:1 for scalpers

[10:59] {Les} why ominous. sounds like whole US economy vad, not just AMED?

[10:59] {fernp} half out :-)

[11:00] {larisa} sigh

[11:00] {ilana} hmmm

[11:00] {dino} mmmh

[11:00] {larisa} lol

[11:01] {ilana} was expecting more from met

[11:02] {nemo} bernanke

[11:02] {nemo} aapl interesting

[11:03] {nemo} 200 ma @.50

[11:04] {nemo} so isn't support from this morning

[11:04] {Threei} SEC votes 4-1 to approve expanding corporate compensation policy disclosures (related XLF )

[11:05] {Les} out flat MET rude stock

[11:05] {Threei} hmm?

[11:06] {Threei} were you in for a scalpo or a day trade?

[11:06] {nemo} it's fern

[11:06] {nemo} sorry, oy vay

[11:06] {Threei} sigh

[11:06] {Les} day. need to be someone else

[11:06] {Threei} ok, I am lost

[11:06] {Les} somewhere else

[11:07] {dino} be me

[11:07] {Threei} lol

[11:07] {Threei} if scalp - it worked, if day trade - it's still there

[11:09] {fernp} stop now could be .16 for everyone, Vad?

[11:09] {Threei} I think so

[11:09] {Threei} the closer to FOMC the more random things are

[11:09] {fernp} thanks

[11:10] {nemo} rimm

[11:10] {dino} ebix chart nice

[11:11] {dino} esrx drop

[11:13] {dino} gef to .87 slow one

[11:17] {fernp} SPY C&H and inverted HS

[11:18] {Threei} sheesh RIMM

[11:19] {dino} out gef ave .85, +.45

[11:19] {fernp} gj dino

[11:20] {dino} ty

[11:20] {dino} meli last try hl l .00

[11:20] {fernp} MS, Vad?

[11:22] {Threei} worth a try

[11:22] {nemo} amzn showing bear flag

[11:23] {Threei} RU) Russian Duma reportedly approves law that may limit expansion of retailers starting Feb 1, 2010

[11:23] {Threei} why would they want to do that?

[11:23] {Les} so they don't become too big to fail?

[11:23] {Threei} retailers??

[11:23] {Les} :D

[11:23] {dino} retailers? sounds like atlas shrugged

[11:24] {Les} sorry. tired today

[11:24] {dino} :0

[11:24] {fernp} stop under .20 or under .15?

[11:24] {fernp} MS

[11:24] {Threei} depends on your objective

[11:24] {Threei} both are valid

[11:25] {fernp} out here .32 +.06

[11:26] {Threei} mags, admin asked you to check your e-mail

[11:26] {magoo} ok

[11:27] {Threei} looking at BCRM's daily, who would have though this morning it was buy and hold

[11:27] {Threei} BRCM

[11:28] {Threei} whole semi sector is incredibly strong today

[11:28] {Threei} well, with understandable exception of INTC

[11:29] {Les} double top WFC?

[11:30] {Threei} hmm?

[11:30] {Threei} where are the tops?

[11:31] {Les} opening ticks don't count?

[11:31] {Threei} that topped out at 26.30

[11:32] {Threei} a lot of things happened since then, now one of uoptrending ticks topped at .10

[11:32] {Threei} and retreated just 10 cents

[11:32] {magoo} RIOMM recent high 66.50

[11:32] {Threei} whatever you do on Rorshasch tests, this is hard to interprete as double top

[11:32] {magoo} looks like 66 in the cards

[11:32] {Les} ok freestockcharts shows opening ticks at .10

[11:33] {magoo} thats why its free

[11:33] {Les} yeh

[11:33] {Les} faster for flipping thru charts. why I continue to use it.

[11:35] {nemo} fcx has gone rimm

[11:37] {Les} what does shrink test have to say about WMT double bottom?

[11:39] {fernp} WMT seems like a good breakdown play, Les

[11:39] {Les} yeh realised double bottom not confirmed

[11:40] {fernp} too slow movement to lod = distribution

[11:42] {Threei} Larry King today should be a blast

[11:42] {Threei} barney Frank vs Ron Paul

[11:42] {Les} what is it, celebrity knock out match?

[11:43] {magoo} vad, keep eyue on RIMM ok

[11:44] {Threei} feels reversed to me mags

[11:44] {magoo} btw, there was a heck of alot of buying on 26 so that was wfc hold

[11:45] {magoo} millions level 2 26

[11:45] {dino} rino wants that gap

[11:50] {ilana} PRU inv. C&H?

[11:50] {Threei} just consolidation

[11:51] {Threei} have to squint to make C&H out of it... but possible

[11:53] {Threei} Short Setup: RIMM .40 break

[11:53] {Threei} if stays under .50

[11:53] {Threei} .55 for those who want a big move

[11:54] {Threei} what a weird explanation

[11:54] {Threei} Traders are buying in the wake of yesterday's difficult US session and this afternoon's FOMC announcement.

[11:54] {Threei} traders are buying?

[11:54] {Threei} from who?

[11:55] {dino} other traders

[11:55] {Threei} right

[11:55] {Threei} so... traders are buying makes just as much sense as traders are selling

[11:55] {dino} right

[11:55] {larisa} they mean market is up, so more buying than selling

[11:55] {Les} short WMT at .77

[11:55] {dino} no, every buy has a sell

[11:55] {Threei} how can there be more buying than selling? :)

[11:56] {Threei} RIMM invalidated

[11:56] {larisa} you want them to say : traders are demanding more ? :)

[11:57] {Threei} well, it's not a layman service... it's a trading service

[11:57] {Threei} I expect them to say things that make sense for traders

[11:57] {dino} i mute them larisa, music on. they know nothing

[11:57] {Threei} community paper can say that

[11:57] {Threei} pensioners read it while walk their dogs in the park

[11:58] {larisa} same here, not sure why vad is reacting to this :) must be bored

[11:58] {Threei} I am, lol

[11:58] {Threei} that was a quote form market update, not cnbc

[11:59] {dino} ebix to .68

[11:59] {larisa} so when you say in here : RIMM is selling.. it does not make sense too, caz someone is buying :)

[12:00] {dino} tighten ebix

[12:00] {Threei} not really

[12:00] {Threei} stock is selling equals to price is dropping... if I said traders are selling RIMM{ then yes, you could call me an idiot

[12:00] {dino} well, w/selling larisa, there still are naked shorts

[12:00] {Threei} as it stands, I'd strongly object

[12:01] {dino} out ebix .72, +.42

[12:01] {larisa} lol

[12:01] {larisa} gj dino

[12:01] {dino} ty, but i was serious on the shorts

[12:01] {larisa} put EBIX on my screen and took it away in a minute :)

[12:01] {dino} bad girl

[12:02] {larisa} :)

[12:02] {dino} dbrn spike

[12:02] {Threei} I dislike the name of this stock

[12:02] {dino} raises guidance

[12:03] {ese} watch watch watch watch watch watch watch......watch watch........watch watch.......(hum that to camptown races}

[12:03] {dino} darn rino, did not go to gap

[12:04] {Threei} I want what ese is smoking

[12:04] {Threei} must be a good stuff

[12:04] {ese} fuuuuuuuuuuuuuuuuuuuuu..................ahhhhhhhhhhhh ffffuuuuuuuuuuuuuuuuu..............ahhhhhhhhhhhh

[12:05] {Threei} fantastic stuff

[12:05] {ese} indeed

[12:05] {dino} just say no to drugs

[12:06] {ese} rotflol

[12:06] {nemo} and alcohol?

[12:06] {ilana} don't smoke and trade

[12:06] {ese} NO WAY!!!!!!!

[12:06] {dino} a very good time tested, legal substitute

[12:07] {ese} my brothers advice........."drink heavily when you need too"

[12:07] {nemo} define "need"

[12:07] {dino} "one for the ditch"

[12:08] {ese} oh man!!!rotflol

[12:08] {nemo} in Massachusetts, if you have one DUI/OUI, you can't get a firearms license

[12:08] {ese} that was funny dino

[12:08] {dino} :)

[12:10] {ilana} RIMM is gettig back to previous trigger

[12:11] {ese} lookin for some action today..............wait til i tell patience that i've started a meth lab right beside her house........

[12:11] {ese} she should become animatied in.............t minus 2 seconds

[12:12] {nemo} .40 is r2 on rimm

[12:12] {magoo} who u kidsding..shes the brains behind your enterprise

[12:12] {patience} running the business for my daughter magoo

[12:12] {Threei} 24% Favor National Sales Tax, 65% Oppose

[12:13] {Threei} 24% don't buy aything?

[12:13] {ese} like that adds up to 100%

[12:13] {Threei} well ese... there are three kinds of people: those who can count and those who can't

[12:13] {ese} rotflol..........love it

[12:13] {Les} lol oh vad you save us from boring sessions

[12:14] {patience} one decent trade this morning in gold (hgu) this morning....where is my christmas bonus trade this year

[12:14] {Les} still short WMT. no volume on upticks. looks good for day trade.

[12:14] {Threei} Short Setup: RIMM .50 break

[12:14] {Threei} if stays below .60

[12:14] {ese} turned out to be t minus 2 mins

[12:15] {ese} i felt sure patience that i would get a reaction out of you sooner

[12:16] {patience} on my street, everybody knows everybody's business....meth lab would make for some good chatter here :)

[12:17] {ese} this board is a barrel of laughs.........it's now addictive........i have to get a fix of this board before the day

[12:18] {dino} lol patience, we call my neighborhood a safe one, we all walk to each others houses and drink

[12:18] {Threei} that's true... I once walked patience's street after consuming 2 litres of vodka... didn't even talk to anyone.. yet got 4 dinner invivations next day

[12:18] {fernp} stopped

[12:18] {Threei} no go RIMM

[12:18] {ese} rotflol.......good one

[12:18] {Threei} I give up, this is frog invasion today

[12:18] {fernp} too many frogs today

[12:18] {Threei} they are small but they are everywhere

[12:19] {nemo} Wasn't that a Ray Milland movie?

[12:26] {Les} covered WMT .51 +.26. damn broke straight through low of yesterday on volume

[12:26] {dino} gj

[12:27] {Les} or could this be bounce time vad?

[12:27] {dino} fds

[12:28] {Les} l wmt .56

[12:29] {Threei} no idea

[12:29] {dino} vrsk

[12:29] {dino} fact

[12:31] {dino} takeover fight fact

[12:33] {dino} deck -7 in 2 days

[12:33] {dino} fds feels like 65s

[12:37] {Threei} Senate commission formed to study measures to cut deficit; dramatic tax hikes possible

[12:38] {Threei} dramatic eh

[12:38] {Threei} anyone for canadian citizenship?

[12:38] {nemo} that will leave alot left over for a consumer economy

[12:42] {dino} fds hit 65.92, and i was at .75 ugh

[12:47] {Les} partial out wmt .67

[12:49] {fernp} RIMM hod

[12:51] {Les} all out +.10. alright, back in green for the day

[12:51] {Les} those frogs threatened to croak me this morning

[12:51] {dino} gj

[12:51] {fernp} gj

[12:52] {dino} i'm not getting the frog joke

[12:53] {larisa} new game, stops are frogs for some reason. trades that worked are princesses :)

[12:53] {Les} couple of stops taken this morn dino

[12:53] {dino} ahhhh

[12:53] {Les} yeh its Vad's idea

[12:53] {Threei} it's easy

[12:54] {larisa} hope he gets tired of it in a couple of days :)

[12:54] {Threei} for a princess to discover her prince, she has to kiss some frogs thatg never turn into anything worthy kissing

[12:54] {nemo} princes (if you're that way) are wins, and frogs are losers

[12:54] {nemo} I'll stick with princesses

[12:54] {dino} prefer to call them gorf's

[12:54] {Les} Do frogs "croak" in American english?

[12:54] {nemo} yes, and ribbit

[12:55] {Les} that was play on word on frog comment

[12:58] {fernp} Don't you like RIMM if breaks .70, Vad?

[12:59] {Threei} I do

[12:59] {Threei} it's just that 3/4 of what I liked today didn't like me back

[12:59] {larisa} .73 high

[12:59] {Threei} used to be other way around... getting old

[13:00] {fernp} let's see if this play is your princess :-)

[13:00] {dino} aren't we all

[13:00] {Threei} except girls

[13:01] {Threei} and I am not sure about Alert

[13:01] {ilana} thinkng to short off .70

[13:01] {Threei} never got to investigate her/his gender

[13:01] {fernp} Qs in doing nothing

[13:01] {fernp} is

[13:01] {Les} why am I a girl?

[13:02] {Les} who decided my gender?

[13:02] {Threei} you are not getting older?

[13:02] {Les} and how do I change it?

[13:02] {larisa} when I got love letter from 17 years old recently, I realized i am getting old :)

[13:02] {nemo} whoa

[13:02] {Threei} jusy how exactly you manage to get letters from them?

[13:02] {Les} jail bait

[13:02] {nemo} website

[13:03] {Threei} stop posting your profile on dating sites

[13:03] {Threei} that might help

[13:03] {larisa} nah :) baby stick it to my car while i was shopping. Turned out he was sleeping in the car next to mine :)

[13:03] {fernp} stop is under .60 or .55, Vad?

[13:04] {Threei} .60

[13:04] {Threei} helod above it long enough to make it valid support

[13:05] {dino} nice larisa

[13:06] {nemo} I get tickets stuck to my car

[13:06] {Threei} lol

[13:06] {larisa} I prefer men over 35, and they do not write :)

[13:06] {larisa} lol

[13:06] {Threei} do not write? we don't even talk

[13:06] {larisa} :)

[13:06] {Threei} we just gesticulate with our chins

[13:07] {nemo} do you use both of them vad?

[13:07] {nemo} sorry

[13:07] {magoo} our expertise is remote control manipulation

[13:07] {nemo} couldnt help it

[13:07] {dino} ;)

[13:07] {Threei} beard masks the rest 4 nemo

[13:07] {nemo} oh, that's not all...

[13:08] {nemo} I haven't gotten a haircut since the last time you saw me

[13:09] {Threei} trying to save on clothes?

[13:09] {nemo} no

[13:19] {fernp} come on RIMM, forget all the things I told you

[13:20] {Threei} ahha

[13:20] {Threei} now you are trying to be nice to it

[13:20] {fernp} very nice

[13:23] {ese} gotta go........2 more shows to do.......then........drink heavily time cya tomorrow

[13:23] {fernp} bye ese

[13:23] {ilana} cya ese

[13:23] {Les} ciao ese

[13:25] {dino} cya es

[13:25] {Threei} take care ese

[13:29] {fernp} stopped

[13:29] {Threei} told you... it's totally random right now...

[13:30] {fernp} true

[13:30] {ilana} why not play the range then?

[13:30] {Threei} because they break range

[13:30] {Threei} then retunr to it

[13:30] {Threei} so they'll stop you out anyway

[13:31] {dino} out meli .45, +.45 took hours

[13:32] {Threei} VP Biden expected to announce administration to propose an added $5B for clean energy manufacturing tax credits

[13:33] {Threei} (CA) BoC's Carney: Canada to grow faster than other G7 countries in 2010; must prepare for "more normal" interest rates

[13:33] {Threei} - Recent Canadian data is consistent with expectation.

[13:33] {Threei} - Reiterates that risks from household debt are relatively low but rising.

[13:33] {Threei} - commercial real estate situation is US remains difficult

[13:37] {Threei} US) White House Official: Administration plan for boosting US manufacturing involves "ongoing dialog" on currencies, believes FX rates should be set by markets

[13:37] {Threei} - Would like to see jobs package discussed by Congress in early 2010 or sooner

[13:38] {Threei} sooner?

[13:41] {Threei} interestingly enough,

[13:41] {Threei} while FOMC days are often difficult

[13:42] {Threei} they are much more alive when FOMC decision means something.

[13:42] {Threei} Today's one means nothing,

[13:42] {Threei} everyone knows what it's going to be

[13:42] {Threei} yet market is dead

[13:45] {Threei} US) Reportedly Connecticut AG has called on the Fed to roll back credit card interest

[13:45] {Threei} hmm?

[13:45] {Threei} does Fed sets credit card interest?

[13:48] {nemo} rimm is at VWAP, probably good for .30 if it drops .20

[13:50] {dino} brb

[13:52] {larisa} thanks nemo, scalped RIMM long, not sure what you meant, long or short :)

[13:53] {Threei} Wednesday, December 16, 2009 1:52:53 PM

[13:53] {Threei} Preview: FOMC rate decision due out at around 14:15ET

[13:53] {Threei} **there has been a lot of speculation about the various tweaks the FOMC might implement today, though consensus expectation appears to be for the Committee to hold off on any hawkish new changes in its phrasing until 2010. The Financial Times recently speculated that the FOMC might want to begin distinguishing between its monetary policy and liquidity policy, which could result in the central bank raising the discount rate, while holding its federal-funds target unchanged at 0-0.25%. Some analysts also suppose that the Fed could start to modify its language on keeping rates exceptionally low for an "extended period." Notably, in his speech to the Economic Club of Washington last week, the Chairman left out any reference to the "extended period."

[13:54] {Threei} Other speculation is focused on what the FOMC might say about its asset purchase programs. The FOMC has made modifications to the asset program at its last two meetings (tapering the pace of MBS and agency purchase programs at the Sept meeting, and cutting the agency debt program to $175B from $200B in Nov).

[13:59] {magoo} RIMM is biggest peice of shit

[14:00] {Les} not tempted to short RIMM here... what did you do?

[14:00] {Les} watching it though

[14:00] {fernp} I hate RIMM

[14:00] {magoo} im just amazed howe it sux all the time

[14:00] {magoo} we may scalp a measly dime ..but most of time it sux

[14:01] {magoo} that fall off is just wrong

[14:01] {Les} I'm amazed I haven't been chasing such crap. I am starting to recognise crap when I see it.

[14:01] {dino} why play it then? like banging your head against wall

[14:02] {nemo} amzn at serious support

[14:02] {Threei} 13 min till FOMC

[14:03] {dino} wow esrx

[14:09] {Les} http://www.youtube.com/watch?v=R1X6RQLZtoA&feature=player_embedded

[14:10] {Threei} 5

[14:11] {magoo} tghey'll be late

[14:12] {Threei} BA Pentagon reportedly will not recommend Obama veto of defense bill over added C-17 orders added by Congress

[14:12] {Threei} - Pentagon officials reiterate view that there are enough C-17s in the US fleet already.

[14:13] {Threei} that's one confusing item

[14:13] {Les} so congress is quite clear that it wants more pork in budget

[14:15] {fernp} i've wasted all my profits in three plays in RIMM. I can't get rid of that thought

[14:15] {Threei} DCGN

[14:15] {Threei} Decode Genetics Journal publishes discovery of major risk factor for Type 2 diabetes, dependent on parent of origin

[14:15] {Threei} - Scientists at deCODE genetics, Inc. (Nasdaq:DCGN) publish in the journal Nature the discovery of a version of a common single-letter variant in the sequence of the human genome (SNP) with a major impact on susceptibility to type 2 diabetes (T2D).

[14:15] {Threei} - The impact of the T2D variant is not only large, but unusual: if an individual inherits it from their father, the variant increases risk of T2D by more than 30% compared to those who inherit the non T2D-linked version; if inherited maternally, the variant lowers risk by more than 10% compared to the non T2D-linked version. Nearly one quarter of those studied have the highest risk combination of the versions of this SNP, putting them at a roughly 50% greater lifetime risk of T2D than the quarter with the protective combination.

[14:15] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% ; REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:15] {Threei} - Vote was unanimous (10-0) (related SPY SHY TLT EUR/USD GBP/USD USD/JPY GLD )

[14:16] {patience} .

[14:18] {dino} ..

[14:18] {nemo} ;;;;;;;;;;;

[14:20] {Threei} strangely muted reaction

[14:20] {Threei} extended period is what mArket wants to hear

[14:21] {dino} earliest is june, most likely sept, imo

[14:22] {dino} other thing on their minds, ireland, greece, austia banks about to blow up, as well as questions on spain

[14:22] {fernp} FITB lod

[14:22] {Les} or they are ready to sell the news

[14:27] {Les} CAT?

[14:27] {Threei} roll a dice

[14:28] {fernp} JOYG dbi

[14:28] {strider} So I leave you folks alone for a few hours,, and you're already shooting craps.

[14:28] {larisa} lol

[14:29] {Threei} it's Les

[14:29] {dino} sm l esrx .01

[14:32] {fernp} TSO breaking lod

[14:33] {dino} pwrd lod, china stock, strange

[14:33] {Les} AIG on .74 b/d?

[14:33] {fernp} SUN also breaking

[14:33] {Threei} chart is right

[14:34] {Threei} market is chaotic

[14:34] {Les} lets implement some planned chaos...

[14:38] {magoo} amzn bouncer vad?

[14:38] {Threei} chart is breakdown on it, and no normal formation woreked today, so - yes

[14:38] {larisa} lol

[14:39] {magoo} up .20 since i asked

[14:39] {magoo} .50

[14:39] {Threei} see?

[14:40] {dino} pwrd sm l .25

[14:44] {Les} AIG

[14:47] {fernp} try to trade BAC today. What kind of chart is that? lol

[14:48] {Threei} AONE Hearing positive comments from Lazard (timing uncertain) (18.65, +0.49, 2.70%)

[14:48] {dino} that is called the coin toss chart'

[14:48] {fernp} agree, lol

[14:49] {Threei} I'll tell you what chart it is

[14:49] {Threei} get a mule, pour it bottle of vodka,

[14:49] {Threei} when a mule is good and drunk, tie a pencil to its tail,

[14:49] {Threei} put a sheet of paper under the tail and pin a mule with needle

[14:50] {Threei} what he draws on the paper is this chart

[14:50] {fernp} rofllll

[14:50] {Les} almost sounds like the voice of experience...

[14:50] {larisa} do not torture animals

[14:50] {Threei} torture? this animal will chase you for days after that begging for party continuation

[14:51] {Les} lol

[14:51] {Threei} "I demand to continue banquet!"

[14:52] {dino} pwrd stopped

[14:54] {Threei} alternatively, this chart is my EKG in 30 years

[14:54] {Les} slow and steady?

[14:54] {Les} or flatline?

[14:54] {Threei} narrow, quiet, meanignless and ready to quit

[14:56] {Les} AIG offering short entry here.

[14:58] {fernp} +.05 TSO +.06 SUN I should play only these type of trades

[14:59] {magoo} AMZN wrecked

[15:03] {dino} giddy-up

[15:08] {dino} pwrd rinsed

[15:11] {Threei} NVDA stubbornly stays near high

[15:12] {nemo} rimm stubbornly stays at this level

[15:12] {Threei} here come pitchforks:

[15:12] {Threei} GS Reportedly unions asking 10 state AGs to probe firm for role in subprime mortgage lending

[15:14] {Threei} how do they connect GS and subprime?

[15:14] {dino} and unions?

[15:14] {Threei} yeah, lol

[15:15] {Les} housing workers union...

[15:15] {Threei} it was acknowledged that GS was not really involved in subprime lending, and never let leverage go up anywhere that much as most

[15:16] {Threei} which was one of the main reasons for their relative stability

[15:17] {dino} politics of envy, you git it, i want it

[15:17] {dino} git=got

[15:18] {nemo} ravenspeak

[15:19] {Threei} UAUA CEO: Seeing gradual pickup in demand, business travel demand is returning; seeking opportunistic financing for planes (11.21, +0.16, 1.45%)

[15:19] {dino} cawww

[15:20] {dino} hon hl l .50

[15:21] {dino} ouch deck, xmas is over

[15:23] {Threei} SPY chart starts looking like that same drawing by the drunken mule

[15:23] {Threei} or like my EKG in the morning of Jan 1

[15:28] {Threei} DECK, ever since you asked first time I wanted to short it

[15:28] {Threei} too bad I never did

[15:29] {dino} sometimes you have to say, "what the f*ck, can't say it, can't do it"

[15:29] {Threei} that was around 95, remember?

[15:30] {Threei} when I labeled it as breakdown

[15:30] {Threei} and magoo called me insane

[15:30] {dino} 94, i scalped it

[15:30] {magoo} not on that i didnt

[15:30] {Threei} well, at least you thought that

[15:30] {dino} going to 90s for strike

[15:30] {dino} hon gap fill

[15:31] {dino} we will play deck tomorrow

[15:31] {nemo} You never play with a full "deck"

[15:31] {nemo} that was too easy

[15:31] {dino} as well as, esrx, amed, pwrd, fds

[15:33] {dino} as long as i remain in the game nemo, thats rule # 1

[15:33] {nemo} absotutely

[15:33] {dino} who said you need to be sane to trade

[15:34] {nemo} reminds of a joke

[15:34] {nemo} Guy changes his tire before he leaves home and heads out

[15:34] {nemo} As he's riding down the road, all of a sudden one tire rolls off

[15:35] {nemo} So, he comes to a stop and sees he forgot to put the lug nuts on the tire

[15:35] {nemo} So he's standing there wondering what to do

[15:35] {nemo} He gets this feeling and looks behind him and sees a guy staring at him from behind a barbed wire topped fence

[15:35] {nemo} He remembers it's the local insane asylum

[15:36] {nemo} So, the guy behinds the fence says, "Why don't you take one lug nut off the other three tires and use them to secure the other tire."

[15:37] {nemo} The guy looks at him and says, "Wow, that's pretty good." You figured that out and you're in there?" Guy behind the fence says, "Look, I might be crazy, but I'm not stupid!"

[15:37] {Les} hmmm

[15:37] {Les} night all

[15:37] {dino} (colorful joke)

[15:38] {nemo} Janitor!

[15:38] {dino} cya les

[15:38] {Threei} sigh

[15:38] {Threei} but lol

[15:38] {dino} :)

[15:39] {nemo} That's as bad as, (colorful joke)

[15:41] {Threei} you don't have dcc or what, lol

[15:42] {nemo} dcc dino

[15:43] {Raven} oh sigh

[15:44] {Raven} and nemo ... you do not put lug nuts on tires ... they go on WHEELS ... sheesh

[15:44] {dino} gottas hop

[15:44] {nemo} yes Raven

[15:44] {Threei} lol

[15:44] {nemo} they actually go on the lugs

[15:45] {Raven} correct ... micro analysis

[15:45] {nemo} yes, thus "lug" nuts

[15:45] {Raven} exactly

[15:45] {nemo} ty

[15:45] {Raven} wheels fit over the lugs

[15:46] {Raven} tyres are affixed to the wheels

[15:46] {nemo} I realize you were born in New England, but really

[15:46] {Raven} Olde England

[15:47] {strider} The breadth and depth of knowledge available in this room is frightening.

[15:47] {Raven} truly awesome

[15:47] {fernp} Good evening everybody. See u all tomorrow

[15:47] {strider} night, fern

[15:47] {nemo} YEs, but is it useful?

[15:47] {Threei} take care fern

[15:48] {strider} Frightening, I say. Frightening.

[15:48] {nemo} vaya con diablo fern

[15:48] {nemo} oops

[15:48] {nemo} that's for me

[15:49] {Raven} mercifully ... this is almost over ....

[15:50] {nemo} yeah...but

[15:50] {nemo} there's tomorrow

[15:50] {nemo} and Friday

[15:50] {Raven} sigh

[15:54] {Threei} okay guys, time to end this meaningless day

[15:54] {larisa} bye all

[15:55] {Threei} have a good evening, see you tomorrow

[15:55] {strider} see ya, vad.

Dec 15 2009

Boring but winning day. As we came to call stopped trades frogs we have to kiss in order to find princes, today's count is princesses 4 frogs 1. CSIQ long right after open (the only long today), WFC short in few minutes for nice 1:3 move, then short RIMM stopped us out by 2 cents before proceeding to work (ugh), and two more shorts that worked nicely - BBY and MET. And as action slowed down, whole lot of decidedly not funny jokes.

Session Time: Tue Dec 15 00:00:00 2009

[07:48] {strider} 07:43 EDT RIMM theflyonthewall.com: Research in Motion valuation discount unwarranted, says Jesup & Lamont

[07:48] {strider} Jesup & Lamont's analysis indicates RIMM shares trade as 25% discount to the smartphone group based on 2011 consensus estimates, something the firm feels is unwarranted. In addition, Jesup thinks RIMM's November quarter tracked to meet or beat its estimates of $3.7B in sales and $1.01 in earnings. The firm keeps a Buy rating on the stock with an $80 price target

[08:12] {nemo} Hi folks, you too birdman :)

[08:14] {Raven} {--{--

[08:15] {nemo} Oh great more ravenglyphs

[08:15] {Threei} good moprning

[08:15] {nemo} wow, spelling gone awry already

[08:15] {Raven} moprning :)

[08:15] {Threei} US) Preview: Nov Producer Price Index and PPI ex Food & Energy due at 8:30amET

[08:15] {Threei} - Producer Price Index MoM: 0.8%e v 0.3% prior; YoY expected at 1.8% v -1.9% prior

[08:15] {nemo} subtle Raven

[08:15] {Threei} (US) Preview: Dec Empire Manufacturing Index due out at 8:30amET

[08:15] {Threei} ***consensus estimate: 24.00e v 23.51 prior (Most analyst range of estimates seen from 21.0 to 26.0

[08:16] {Threei} why no one ever remarks on how perfect my cspelling is when I copy/paste...

[08:16] {Raven} cspenning just great !

[08:16] {Raven} nn=ll

[08:16] {Threei} ahh

[08:16] {Threei} welcome to my world

[08:16] {Threei} but yeah, misspellinng of word spelling is a new low

[08:17] {Threei} and you thought I hit rock bottom

[08:17] {Raven} new lows set here daily

[08:17] {Threei} well, at least we are consistent

[08:17] {Threei} and ternding

[08:17] {Threei} trending

[08:17] {Raven} sheesh!

[08:17] {Threei} lol

[08:18] {Raven} I need some tea ...

[08:18] {Threei} hey, no single mistake in lol

[08:25] {Threei} Sinovac Biotech SVA named "New Buys" by Louis Navellier's Quantum Growth Newsletter; DM, DRC, HITK names "New Sells"

[08:25] {nemo} gap up, gap down, gap up, gap down, row row row your boat

06[08:28] * nemo slaps ese around a bit with a large Pearl Bass Drum

[08:28] {ese} wow.......

[08:28] {ese} morning dude

[08:28] {nemo} dude

[08:28] {ese} whats new and exciting

[08:29] {nemo} zip zed nada, null nyet nein

[08:29] {Threei} El Duderino

[08:30] {ese} hmmmmmmm.......well then .....i know it's morning but we need to start drinking heavily

[08:30] {Threei} *(US) NOV PRODUCER PRICES INDEX M/M: 1.8% V 0.8%E

[08:30] {Threei} US) DEC EMPIRE MANUFACTURING: 2.55 V 24.00E

[08:30] {nemo} oh oh!

[08:30] {nemo} quick, hop on the down train

[08:31] {ese} that can't be right

[08:31] {nemo} yes it can

[08:31] {ese} 25.5 maybe

[08:31] {nemo} You have $ drubbing until recently, and you have fixed cost coverage requirements

[08:32] {Threei} still

[08:32] {nemo} oh, I was looking at the PPI

[08:32] {nemo} sorry

[08:32] {Threei} 6 month business conditions at worst level since July 2009

[08:32] {Threei} - Drop in Index largest since July 2001

[08:34] {Threei} ese

[08:34] {Threei} The Dude: Let me explain something to you. Um, I am not "Mr. Lebowski". You're Mr. Lebowski. I'm the Dude. So that's what you call me. You know, that or, uh, His Dudeness, or uh, Duder, or El Duderino if you're not into the whole brevity thing.

[08:35] {nemo} Mmmmhhhh...the asylum is at full capacity early this morning...

[08:38] {ese} ahhhhhhhhhh.........i can do that.....i called you the exalted one yesterday.......did that work

[08:38] {nemo} yeah, he set up a mirror in front of his monitor

[08:39] {Threei} I went to look up exalted in the dictionary and fell asleep

[08:39] {ese} you get much snow up your way yesterday?

[08:40] {Threei} lol, that was my luck

[08:41] {Threei} I was returning home around 4:30-5 when snow started

[08:41] {Threei} whole highway part was abut 40 km/h

[08:41] {Threei} you can imagine how long it took to get home

[08:42] {Threei} plus irritating imbecil behind me who just doesn't get the concept of keeping safe distance when it's slippery

[08:42] {Threei} now, 30 min after I got home, rain destroyed all the snow in like 15 minutes

[08:42] {Threei} totally clear now

[08:42] {ese} always some fruit cake in the crowd.........it didn't last long here......supose to be about 20cm today or tomorrow

[08:42] {Threei} here?? in Vancouver I though

[08:42] {Threei} thought

[08:43] {Threei} early warning was not for Victoria... let me look if changed

[08:43] {ese} ummmmmmm......maybe your right.....i may have gotten that wrong

[08:44] {Threei} Greater Victoria

[08:44] {Threei} 05:44 PST Tuesday 15 December 2009

[08:44] {Threei} No watches or warnings in effect.

[08:45] {ese} yup your correct....mostly rain here

[08:55] {ese} jaso......haven't seen much action from this one for a long time

[08:56] {Threei} December 14, 2009 4:05:30 PM

[08:56] {Threei} JA Solar Holdings Expects Q4 shipments to exceed the high end of prior guidance given on Nov 10 of 170-200MW; Guides FY09 shipments to exceed 488MW vs prior guidance of 448-478MW; Guides FY10 shipments 750-800MW

[08:56] {Threei} - Based on strong customer demand for JA Solar's products, the company currently expects shipments for the fourth quarter of 2009 to exceed 210MW, compared with prior guidance in the range 170MW to 200MW.

[08:56] {Threei} couple upgrades too

[08:56] {Threei} targets are modest though

[08:57] {Threei} 5.50 and 7

[08:57] {ese} ya

[08:59] {Threei} CME Firm has cleared its first CDS trade - spokesperson (333.03, 0.00, 0.00%) (related CDSXX )

[09:00] {Threei} *(US) OCT NET LONG TERM TIC FLOWS: $20.7 V $37.1BE

[09:00] {ese} what might that be.........CDS trade...canadian dollar?

[09:01] {nemo} Credit Default Swap

[09:01] {Threei} those same that were pointed as one of the major causes of the crisis

[09:02] {fernp} Good morning everybody

[09:02] {Threei} fern :)

[09:02] {ese} hmmmmmmmm..........

[09:02] {nemo} Hola

[09:02] {ese} fern

[09:05] {strider} WY gap up...electing REIT status.

[09:05] {dino} gm all

[09:05] {strider} morning dino...

[09:05] {strider} & everybody

[09:06] {Threei} strider, dino :)

[09:06] {dino} :)

[09:09] {dino} wy

[09:09] {dino} bby

[09:12] {dino} bby gap filling 43

[09:12] {Les} No Nemo, I think you are suffering an early onset of Alzheimers...

[09:12] {Les} GM all :)

[09:12] {Threei} earlyZ?

[09:12] {Threei} morning Les

[09:15] {Threei} *(US) NOV INDUSTRIAL PRODUCTION: 0.8% V 0.5%E; CAPACITY UTILIZATION: 71.3% V 71.1%E

[09:15] {Threei} - prior Industrial Production revised from 0.1% to 0.0%

[09:15] {Threei} - prior Capacity Utilization revised fr...more... (related SPY SHY EUR/USD TLT )

[09:15] {nemo} hi lari

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:16] {larisa} :)

[09:16] {Threei} WFC

[09:16] {Threei} Wells Fargo & Co Pricing of secondary offering seen at approx $25/share -CNBC

[09:16] {Threei} ***Reminder: Firm announced at $10.4B common stock offering as part of package to repay $25B in TARP funds on Dec 14

[09:16] {Threei} the ease with which they issue shares and sell them in unprecedented amounts is amazing

[09:17] {Threei} C, BAC, WFC

[09:17] {nemo} PT Barnum at his best

[09:17] {Threei} you'd think they'll have troubles convincing the market their financial health is so great

[09:17] {nemo} Sheep shearing

[09:20] {Threei} can't say sheep resists eh

[09:20] {Threei} willing and eager participant

[09:20] {nemo} yep

[09:20] {Les} you don't think banks are buying each others shares with taxpayers money?

[09:21] {Les} just another con job at our expense?

[09:21] {Threei} what good would that do for them?

[09:21] {Les} just papering over the cracks

[09:21] {Threei} money shoffling from one p;ocket to another doesn't make sense

[09:21] {Les} neither does buying bank shares right now

[09:22] {Les} whatever.

[09:22] {Les} keeps me busy as a trader

[09:23] {Threei} look at it this way

[09:23] {Threei} buying makes sense if you can sell at profit later

[09:23] {magoo} morn

[09:23] {Threei} buying from each other doesn't help as there is no third party to sell to

[09:23] {Threei} magoo :)

[09:23] {Threei} remember old joke

[09:24] {nemo} well, market shaking off the inflation and manufacturing data

[09:24] {Threei} about broker and doctor?

[09:24] {Threei} where broker was convincing a client to buy more and more shares of some obscure company

[09:24] {Threei} showing that price quickly rises

[09:24] {Threei} finally doctor said, no, enough is enough, I have a huge gain, let's see

[09:24] {Threei} to which broker replied:

[09:25] {Threei} sell to whom? all this time you were the only buyer

[09:25] {Les} hmm. I'd love to know who is buying bank shares now

[09:25] {dino} bucket shop

[09:26] {dino} mutual funds, hedge funds, etc. long termers imo

[09:26] {Les} ascending triangle on SPY

[09:27] {magoo} vad, lol

[09:28] {ese} do any of those places still exist dino, bucket shops....pardon my ignorance here

[09:28] {Threei} in stock market they were outlawed about 90 years ago ese

[09:28] {Threei} in curencies though... they exist

[09:29] {ese} really.......huh....go figure

[09:29] {dino} bucket shops was answer to vad's joke, boiler room, good movie

[09:29] {Threei} let's get back to it later

[09:29] {ese} k

[09:29] {Threei} exactly dino

[09:31] {Threei} RIMM

[09:31] {Threei} sharp pullback into 62.60 -.70 should be an entry

[09:32] {nemo} .30 key resistance

[09:32] {Threei} RIMM: uhhu

[09:32] {nemo} yes

[09:33] {magoo} watchging BBY vad?

[09:34] {Threei} Long Setup: CSIQ 25 break half lot

[09:35] {lasertrev} gm

[09:35] {Threei} trev :)

[09:36] {nemo} wow

[09:36] {Threei} eeck

[09:36] {nemo} misse it

[09:36] {fernp} impossible here

[09:36] {dino} aim

[09:36] {nemo} had to buy at 25

[09:36] {magoo} in .97

[09:36] {Threei} lol, I knew it

[09:37] {fernp} great entry mags!!!

[09:39] {ese} L beat .11

[09:42] {Threei} Short Setup: WFC .80 break

[09:43] {nemo} damn

[09:43] {Threei} stop for scalpers above .90, for day traders above 26

[09:45] {magoo} ok covered CSIQ try vad out .53

[09:46] {ese} out beat .08 -.03

[09:46] {Threei} stop to above .90 for everyone

[09:46] {ese} should have taken the .08 when i had it

[09:46] {magoo} jaso too vader

[09:49] {Threei} stop to above .85

[09:49] {Threei} stingy

[09:49] {Threei} and intend to stay this way

[09:49] {Threei} 1:1

[09:49] {fernp} ty

[09:49] {Threei} half out or take scalp

[09:49] {Threei} half for me

[09:50] {Threei} 1:2

[09:50] {Threei} 1/4 more

[09:50] {strider} out from .88

[09:50] {Threei} stop just above .80 for the last piece

[09:51] {Threei} princesses 2, frogs 0

[09:51] {Threei} 1:3

[09:51] {Threei} either cover in full or trail

[09:51] {Threei} to above .70

[09:51] {Threei} I am out

[09:51] {magoo} out to lunch u mean :)

[09:52] {Threei} a bit early for that...

[09:53] {dino} mgln

[09:53] {magoo} great EXIT vad

[09:54] {dino} bby wants high 40s, for strike

[09:54] {Threei} 2 cents above bottom

[09:54] {nemo} losing your touch

[09:54] {Threei} age...

[09:55] {Threei} gone are the times when I could whip out my Magnum faster than my reflection in the mirror

[09:55] {strider} Please...too much information!

[09:55] {dino} lol

[09:55] {Threei} sigh

[09:56] {magoo} wheres BBY bounce vad..crushed

[09:56] {Threei} not ready yet

[09:57] {Threei} RIMM...

[09:57] {Threei} looks like short to me but the stop is too far

[09:57] {ese} L stec .38

[09:57] {nemo} I have .75 as support level for bby

[09:59] {Threei} IMO, another leg down is coming

[09:59] {fernp} SOL .60 break, Vad?

[10:00] {Threei} clooooow...

[10:00] {Threei} c=s

[10:00] {fernp} slow?

[10:00] {fernp} y

[10:01] {Threei} Short Setup: RIMM .60 break

[10:01] {Threei} if stays under .70

[10:02] {dino} comm. construction luv

[10:03] {Threei} (US) Reportedly House Democrats planning a short term extension of the US debt limit, but not a year long extension

[10:03] {Threei} ***Reminder: On 12/13 the WSJ reported that some moderate Senate Democrats are mulling supporting a short-term increase in the government's borrowing authority. Legislation on raising the debt limit may be attached to the currently unapproved $626B spending bill which covers the Pentagon's operations for FY10. On 11/5, Democratic Congressman Sen Kent Conrad of North Dakota and Rep John Spratt of South Carolina said they were considering an increase in the US' debt ceiling.

[10:03] {Threei} **Note: The US' current debt ceiling is $12.1T. On Nov 4, the US Treasury said it expected the $12.1T debt ceiling to be hit in Dec.

[10:04] {nemo} first frog

[10:04] {nemo} just barely

[10:04] {strider} had RIMM triggered?

[10:04] {Threei} not sure, that was my question also

[10:05] {nemo} yeah, just a slight jump

[10:05] {fernp} yeah and stopped here

[10:05] {strider} rude as usual.

[10:07] {dino} osk hl l .50

[10:08] {Threei} BBY conference call in progress

[10:09] {Threei} so things change on line by line basis

[10:09] {ese} out stec .45 +.07

[10:10] {ese} want to catch this on pull back.....i love the daily.......i think there is some short covering going on here

[10:11] {ese} so much for the pullback

[10:15] {strider} RIMM

[10:15] {strider} possible short?

[10:15] {strider} just spiked.

[10:15] {nemo} not at the moment

[10:16] {Les} hey hey IB is back up. AWIAV?

[10:17] {fernp} me, in SOA from .65 Les

[10:17] {ilana} CAT should go long

[10:18] {strider} stop?

[10:19] {Les} could be upper boundary of range for CAT ilana

[10:19] {nemo} would have to be .10

[10:19] {Les} thanks fern

[10:20] {fernp} :-)

[10:20] {ilana} triangle... plus market's help

[10:20] {ese} well was wrong about stec pausing........great daily chart

[10:24] {dino} snda thin hl l .50, stop lod

[10:25] {nemo} now that's a stop!

[10:25] {dino} opps, wrong stock, .18 stop

[10:26] {nemo} that could have been expensive

[10:27] {dino} yeah

[10:27] {dino} i'm mr. freeze today, everything i touch, stops

[10:28] {nemo} I'll refrain

[10:28] {ese} didn't the market climb for 2 years after the 87 crash?.........yes/no

[10:29] {dino} big time

[10:29] {ese} longer even?

[10:29] {nemo} that was pre cds cdo cmo

[10:30] {dino} late 80s and 90s rocked, if i remember correctly

[10:30] {fernp} BBY maybe double bottom here

[10:30] {ese} we might have a year to go then

[10:31] {dino} thx fern forgot about it

[10:31] {fernp} np

[10:32] {nemo} stop too big for me but AMZN looking short

[10:33] {ese} l fitb .04

[10:34] {Les} need market help Nemo. too many stocks dependent upon market help IMO

[10:36] {Les} GS down big time

[10:37] {nemo} wow, want to see a big buyer/buy program. Look at de from yesterday at 3:00 until this morning at 10:15

[10:40] {strider} WFC short on bounce?

[10:41] {dino} greeeeen

[10:41] {fernp} out SOA +.13

[10:41] {dino} gj

[10:41] {fernp} thanks

[10:44] {strider} WFC lvl 1 high is wrong.....why can't they get those numbers to update properly?

[10:44] {magoo} i think its correct .32

[10:45] {fernp} level1 ignores premarket strider

[10:45] {larisa} out of bounds trade at 10:40

[10:45] {strider} yep.. you're right. I was looking at premarket.

[10:45] {magoo} ah

[10:45] {strider} 8:25-8:30

[10:45] {nemo} you take the plug out magoo?

[10:45] {magoo} pre mkt doesnt really exist lol

[10:46] {nemo} it's an existential construct

06[10:46] * strider slaps nemo around a bit with a large copy of Heidigger

06[10:47] * nemo slaps strider around a bit with a large copy of Nitsche

[10:47] {strider} WFC not following mkt up.

[10:48] {fernp} C also breaking lod

[10:48] {strider} Nietzsche.

[10:48] {nemo} boy...the selling at .30 on cat

[10:49] {nemo} damn jumped on me

[10:51] {strider} short WFC .04 stop .20

[10:51] {fernp} you in Cat, nemo?

[10:52] {nemo} no, it jumped .31

[10:52] {nemo} I was waiting

[10:53] {fernp} good move from .30 CAT

[10:53] {nemo} yes, hit resistance at .45 from yesterday

[10:53] {magoo} wheres vad?

[10:53] {ilana} CAT +.13, ty Vad

[10:53] {Threei} why me?

[10:53] {nemo} he's got that mirror in front of his monitor now

[10:53] {Threei} you found it yourself

[10:53] {dino} out snda .94, +.44

[10:53] {ilana} FITB +.07, ty ses

[10:53] {ilana} ese

[10:54] {ilana} did i wake you up?

[10:54] {ilana} good

[10:54] {Threei} nope, I am still sleeping

[10:54] {Les} nice one on CAT b/o

[10:57] {nemo} bby downward wedge

[10:57] {Threei} Short Setup: BBY .85 break half lot

[10:57] {nemo} too funny

[10:57] {Threei} if stays below 42

[10:58] {Threei} not a scalp for me if triggers

[10:59] {magoo} in s bby

[11:01] {Les} in

[11:02] {Threei} US) FDIC: Will propose $4B budget for 2010 operations (55.8% increase y/y)

[11:02] {Threei} - Expects more banks reaching risky status through 2010

[11:02] {Threei} - Will seek to increase staff levels to 8.6K from current 7K

[11:05] {ese} hi ilana.......was just fully concentrating on drys........am long here huge.......still long fitb .04

[11:06] {Threei} 1:1

[11:06] {Les} half out

[11:06] {nemo} gotta' step out for awhile...cu

[11:07] {fernp} ty Vad

[11:07] {fernp} bye nemo

[11:07] {Threei} princesses 3 frogs 1

[11:07] {Threei} take care nemo

[11:07] {Les} better ratio than last week

[11:08] {Threei} you sleot through yesterday?

[11:08] {larisa} yesterday was this week :)

[11:09] {Les} sleot?

[11:09] {dino} tthi ouch

[11:09] {ese} ILANA!!!!!!!

[11:09] {Les} english someone?

[11:09] {dino} deck blood

[11:09] {Threei} gosh les... look at your keyboard

[11:09] {ilana} yes

[11:10] {Threei} what possible letter could be there instead of o?

[11:10] {ese} i wasn't ignoring you..........

[11:10] {Les} french keyboard

[11:10] {Threei} strider

[11:10] {Threei} nemo left, so I need someone comptenet to answer this:

[11:10] {Threei} guess who is on TV

[11:10] {fernp} QWERTY

[11:10] {strider} yes?

[11:11] {ilana} no, you were in the trade :-)

[11:11] {ese} are you an fitb follower?

[11:11] {magoo} hes setting a new 2 day record vad

[11:11] {ilana} no, out , in BBY now

[11:11] {strider} Scarlett Johannson?

[11:11] {Les} QWERTZ

[11:11] {dino} jennifer aniston?

[11:12] {Les} homer simpson?

[11:13] {dino} lol

[11:13] {dino} stewie griffen

[11:13] {ese} VAD!!!!! vads on tv?

[11:13] {ilana} my eyes!

[11:13] {Threei} hey

[11:14] {Threei} granted, I am not that aestetically pleasing that everyone should drop whatever they do and run to TV to look at me

[11:14] {Threei} but not that ugly that I'd burn anyone's retina either

[11:14] {ese} ya can't ask a simple question around here vad....forget it

[11:14] {dino} you have a face for radio

[11:14] {strider} You're darker than I thought, vad.

[11:15] {ese} ah dino.........good one

[11:15] {dino} :)

[11:15] {Threei} OK... I hate you all... find yourself someone pretty to call stocks for you

[11:16] {Les} janifer anistan sounded good...

[11:16] {Les} jennifer

[11:16] {dino} indeed

[11:16] {ese} beauty lies in the eyes of the beholder vad.......and were definitely beholdin to ya

[11:16] {ilana} vad, you're pretty like your frogless princess calls

[11:16] {Threei} too late... I found my excuse

[11:17] {Threei} larisa, patience, ilana are new threei

[11:17] {ilana} what's with fitb?

[11:17] {ilana} im mean BBY

[11:17] {ese} was just thinkin that

[11:17] {ese} re fitb

[11:17] {ilana} oh then fitb too

[11:17] {patience} moi, pourquoi?

[11:18] {larisa} leave me out of this, please, calling stocks will give me wrinkles

[11:18] {Threei} ahha!

[11:18] {Threei} now you know why I am not so handsome anymore as I used to be 10 years ago

[11:18] {Threei} well, that and excessive drinking

[11:18] {Threei} and eating

[11:18] {Threei} and smoking

[11:19] {ilana} and trading

[11:19] {Threei} and general life enjoyment

[11:19] {ese} man.......i'm outta this now.........i can see trouble brewing

[11:19] {magoo} news DECK vad?

[11:19] {ese} don't want to jeopardize the shiskabob

[11:20] {Threei} nothing fresh mags

[11:20] {magoo} ty

[11:21] {Threei} President Obama: US on track to double renewable energy production by 2012

[11:22] {Les} from 1% to 2?

[11:22] {dino} at a cost equivilent of $200/b oil

[11:26] {ilana} didn't BBY turn to db?

[11:28] {Threei} it's rather four bottoms already

[11:28] {dino} osk dead, stopped .43 -.07

[11:31] {dino} deck sm l .00

[11:32] {fernp} BAC lod

[11:34] {Les} vad, bby 50 ma is 41.57

[11:34] {Les} you waiting for it to break that?

[11:35] {ilana} bby out + .13 ty vad

[11:35] {Threei} I don't see BBY as one more play here Les

[11:35] {Threei} welcome ilana

[11:35] {dino} dwa

[11:36] {Les} ok. out +.15 ty

[11:37] {Threei} what's with my math

[11:37] {Threei} or yours

[11:38] {Threei} how .85 entry gives +.15 here?

[11:38] {Threei} isn't it closer to .25?

[11:39] {Les} partialled out at .70

[11:39] {Les} exit .70 & .65

[11:39] {Les} nothing wrong with your math vad

[11:40] {Threei} ok... feeling better

[11:40] {Les} CAT good for another short?

[11:40] {Threei} 'cause you know, being called ugly and stupid in a span of single day...

[11:40] {dino} gj

[11:40] {Les} lol

[11:40] {dino} what's w/kss, aside from cramer liking it?

[11:41] {Threei} don't see any setup on CAT

[11:41] {Threei} nothing more dino

[11:41] {dino} ebix sm l .63

[11:43] {fernp} BAC breaking

[11:44] {strider} WFC

[11:45] {strider} I'm still short at .04 from 11:10

[11:45] {dino} arst

[11:48] {Threei} (US) Treasury Sec Geithner: Bank TARP repayments now total $185B, confidence is being restored in banking system

[11:48] {Threei} - Reiterates that govt never intended to be long-term shareholders in banks.

[11:51] {strider} VAd..advice please. short WFC from 11:10 at .04. Stop at .21. bounced of it several times. hanging tough at b/e now. Should I adjust my stop?

[11:56] {dino} amed

[11:57] {strider} Did Vad go home?

[12:01] {Threei} sigh

[12:01] {Threei} I wish

[12:02] {Threei} .10 is more or less new resistance

[12:02] {strider} WFC?

[12:02] {Threei} yeah

[12:02] {Threei} I am not sure what setup you saw to short it there

[12:02] {strider} should I just go flat?

[12:03] {Threei} I can't tell because I don';t underdtand the trade itself

[12:03] {dino} whatever you do, don't make it larger

[12:03] {Threei} thus I can't tell if it goes right or not

[12:03] {Threei} I am looking at 11:10 and don't see any setup there

[12:04] {dino} put hard stop in and move on, if it stops it stops

[12:04] {Threei} heck, I don't eve see it printing anything lower thhan .06 on that minute

[12:05] {strider} sorry. Entry was at 10:50

[12:05] {strider} break of suport at 10:39

[12:05] {Threei} OK... not delighted b y setup but at least it makes sense now

[12:06] {Threei} I'd trail it to above .10

[12:06] {strider} k

[12:07] {strider} I think I've had a short bias on WFC today, because of the new stock priced at 25.00.

[12:08] {dino} "what do you believe that isn't true"

[12:09] {Threei} whateveryone knows isn't worth knowing

[12:09] {strider} I know. Was just explaining probably what was going on.

[12:10] {strider} stoopped at .11

[12:10] {strider} also stopped.

[12:15] {dino} fds

[12:20] {Threei} don't anyone accidentally flick the market.. it frozen so aloid, it will just shutter

[12:22] {Threei} BBY new break... something must have happened somewhere, pace picked up suddenly

[12:23] {ese} am back......hmmmmmmm stopped out fitb i see .00 -.04

[12:23] {fernp} 20 min later +.05 on BAC

[12:23] {fernp} woooooh

[12:24] {ese} better than a kick in the pants

[12:24] {fernp} yeah

[12:24] {Threei} I'd say, it's much quicxker than I expected, fern

[12:25] {Threei} here is what sped things up for you:

[12:25] {Threei} BAC Ticks to low of day on vague chatter Merideth Whitney has placed a $7 PT on BAC

[12:26] {fernp} thanks Merideth

[12:36] {Les} gold miners hitting lod's. b/d to come?

[12:37] {Threei} name a stock so we could seee a chart and decide whethere there is a setyup;

[12:37] {dino} $ up

[12:37] {Threei} how can such general question be answered

[12:38] {fernp} GDX is gold miners ETF

[12:39] {Threei} Preview: Dec NAHB Housing Market Index due out at 1pmET

[12:39] {Threei} **consensus expectation: 18e v 17 prior

[12:39] {Threei} - estimates range from 17-20

[12:40] {fernp} AUY on lows... but it is AUY :)

[12:40] {Threei} yeah

[12:40] {Threei} I don't see setup on GDX itself

[12:40] {Threei} AUY has one,

[12:41] {Threei} but it's way too narrow and slow

[12:42] {Les} just putting out shorting ideas. gg, auy

[12:42] {Les} dinner time...

[12:43] {Threei} GG on .50 was more attractive

[12:43] {Les} that was the idea of mentioning the shorts

[12:43] {Les} if someone found something to short...

[12:44] {strider} WY

[12:44] {fernp} AUY almost 1:1 and 12 break on daily in atractive

[12:44] {Les} you took auy fern?

[12:44] {fernp} no, just looking at it

[12:45] {strider} possible support 43.50 WY

[12:45] {strider} 43.57

[12:45] {strider} current price.

[12:48] {larisa} CAT lod, RIMM hod

[12:50] {strider} NAHB housing market index at 1PM

[12:55] {fernp} ADBE hod ... earnings release after the close

[13:00] {Threei} DEC NAHB HOUSING MARKET INDEX: 16 V 18E

[13:03] {dino} fds sm l .68

[13:03] {dino} deck tyo .49

[13:04] {dino} to

[13:05] {dino} to .57

[13:06] {dino} out .59, +.59 deck

[13:06] {larisa} gyj

[13:06] {larisa} :)

[13:06] {dino} thx

[13:09] {dino} fds was only 100 testing

[13:09] {Les} FCX

[13:19] {nemo} so...what I miss, or AWIAV

[13:19] {Threei} were you here for BBY short?

[13:19] {nemo} yes

[13:20] {Threei} then nothing much

[13:20] {nemo} did anybody toake the fcx short at 12:17?

[13:20] {Les} night all. sigh - christmas dinners begin this evening

[13:20] {Threei} take care les

[13:21] {nemo} frohes Weihnachten Les

[13:21] {dino} have fun les

[13:21] {fernp} bye Les

[13:21] {strider} WY may be forming a bottom of some sort.

[13:21] {strider} hopefully c&h

[13:21] {nemo} what's with pru today

[13:21] {dino} fds...

[13:22] {fernp} 500 min later... 500 min later... AUY 1:1 lol

[13:22] {nemo} bby crashing

[13:22] {nemo} well, fender bender

[13:23] {strider} what you think of WY, Vad?

[13:23] {Threei} I would leave it alone

[13:23] {dino} bby i like 40.50 area

[13:23] {Threei} daily and intaraday conrtradict each other

[13:24] {dino} fds will add if breaks .25

[13:27] {dino} forget that for now

[13:27] {Threei} reamliner is taking off

[13:27] {Threei} dreamliner

[13:27] {nemo} fcx short break of .44?

[13:27] {nemo} might be bottom though

[13:28] {Threei} rea;ly no idea... 50/50

[13:30] {nemo} several tests of 45

[13:30] {ese} gotta go......it's been one of those.......oh well we'll give it another shot tomorow type of days....cya

[13:30] {nemo} .45

[13:30] {Threei} take care ese

[13:30] {ese} cya vad

[13:30] {fernp} bye ese

[13:31] {larisa} bye ese

[13:31] {ilana} cya ese

[13:32] {fernp} HIG on lows

[13:32] {larisa} I am so bored, I might even consider allowing vad to tell a joke..

[13:32] {Threei} careful

[13:33] {Threei} I might just do it

[13:33] {larisa} lol

[13:33] {strider} daly looks good on HIG also, nemo

[13:33] {strider} daily

[13:34] {fernp} {nemo} yeah

[13:34] {magoo} vad, FDS news?

[13:34] {nemo} sorry

[13:34] {nemo} fakeouts

[13:35] {Threei} premarket earnings, mags

[13:35] {larisa} earnings FDS

[13:35] {Threei} 07:00 FDS Reports Q1 $0.74 v $0.74e, R $155M v $156Me; Authorizes $100M addition to share buyback

[13:35] {Threei} - Guides Q2 EPS $0.73-0.75 v $0.75e, Rev $154-158M v $158Me

[13:35] {nemo} looks like maybe b on hig

[13:36] {nemo} DB

[13:37] {nemo} pru if market picks up

[13:37] {strider} So...do you know how you sell a chicken to a blind man?

[13:37] {Threei} strange

[13:37] {Threei} HIG vs PRU

[13:37] {strider} HEY! DO YOU WANT TO BUY A CHICKEN?!!!

[13:37] {nemo} yeah, exactly

[13:38] {strider} deaf man...:)

[13:38] {strider} blew the joke}

[13:39] {strider} oh well......scoot over, vad. I need a spot in your cave.

[13:41] {dino} pbp?

[13:44] {Threei} ok strider

[13:44] {Threei} here I come to rescue

[13:44] {Threei} how do you put an elephant in the fridge im 3 steps?

[13:44] {strider} thank god

[13:44] {strider} dunno

[13:45] {Threei} open fridge,

[13:45] {Threei} put elephant in,

[13:45] {Threei} close fredge

[13:45] {Threei} now... how do you put a giraffe in the fridge in 4 steps?

[13:46] {ilana} may i may i may i

[13:46] {Threei} no!

[13:46] {strider} {-------reduced to stammering.

[13:46] {ilana} uh

[13:46] {Threei} come on

[13:46] {Threei} you already have elephant experiwence

[13:46] {Threei} giraffe should be easy

[13:46] {nemo} it's a bear trap

[13:46] {Threei} ok, hint:

[13:47] {Threei} open the fridge...

[13:47] {Threei} well?

[13:47] {strider} waiting with baited breath.....

[13:47] {Threei} oh, come on, it's easy

[13:47] {Threei} anyone?

[13:47] {ilana} there are still laughing at the first joke

[13:48] {Threei} lol

[13:48] {strider} ask nemo....he knows all about giraffes.

[13:48] {Threei} ok, if you all give up... but you'll be ashamed in a second seeing how easy it was

[13:48] {nemo} sheep are my specialty

[13:48] {Raven} {}

[13:48] {Threei} open the fridge...

[13:48] {strider} I didn't want to say that.

[13:49] {nemo} hey fcx consoliating

[13:49] {nemo} consolidating

[13:49] {nemo} Larisa

[13:49] {Threei} ilana, tell them...

[13:49] {Threei} FCX more looks like long to me nemo

[13:49] {nemo} yes

[13:49] {nemo} I agree

[13:49] {larisa} not happy with a joke. it is hundred years old

[13:49] {Threei} take the elephant out,

[13:49] {Threei} put the giraffe in

[13:49] {Threei} close the fridge

[13:50] {fernp} lol

[13:50] {Raven} rofllllllllllllll

[13:50] {Threei} larisa, it was intended to save strider

[13:50] {dino} why don't cannibals like clowns?

[13:50] {ilana} wow

[13:50] {Threei} so it had to be worst than his

[13:50] {larisa} lol

[13:50] {Threei} and it was not easy

[13:50] {dino} taste funny

[13:50] {Threei} lol

[13:51] {Threei} ok, last one and I'll go to sleep for 30 min, then try to find a trade

[13:52] {strider} Oh, you mean the first one is overe?

[13:52] {Threei} guy with horryfing stutter stops a passerby and asks with huge troubles spending like 3 minutes to get it out

[13:52] {Threei} could tell me where do I find a school for stutterers?

[13:53] {Threei} passerby waits patiently,

[13:53] {Threei} then asks with visible puzzlemenet:

[13:53] {Threei} why do you ned such a school? You stutter beautifully witholut any trasining

[13:53] {fernp} lol

06[13:53] * nemo slaps Threei around a bit with a large lead pipe

06[13:54] * Threei fainst for the next 30 minutes

[13:54] {larisa} lol

[13:57] {strider} you watching GEF, dino?

[14:00] {Threei} FCX worked like charm

[14:00] {nemo} yep

[14:01] {dino} am now, lol

[14:03] {strider} you're welcome!

[14:03] {strider} :)

[14:04] {strider} wicked daily chart.

[14:04] {dino} look at 5 day, double bottom, mat=ybe, report wasn't bad

[14:04] {dino} maybe

[14:08] {dino} sm l gef .50

[14:11] {Threei} MET

[14:11] {Threei} let';s see if we get little bounce, then .60 break

[14:11] {Threei} stop above .70

[14:13] {fernp} GY if breaks .10, vad?

[14:13] {Threei} I think so

[14:13] {fernp} ok

[14:13] {Threei} MET is good and ready

[14:14] {Threei} Short Setup: MET .60 break if stays below .70

[14:26] {Threei} MET, enough of this baiting eyelaches at me

[14:26] {nemo} batting

[14:26] {Threei} what did I say?

[14:26] {Threei} ah

[14:26] {strider} nobody knows.

[14:26] {Threei} yeah'and eyelashes

06[14:26] * Threei slaps strider around a bit with a large dictionary of Threeish

[14:27] {strider} Thanks. I needed that.

[14:27] {Threei} always

[14:27] {Threei} count on me

[14:27] {Threei} and nemo with his lead pipe

[14:28] {nemo} need lead with your head

[14:29] {strider} CS halted for news pending

[14:29] {strider} Met looks like it's halted too....sympathy?

[14:31] {fernp} shorted HIG .84 MET and HIG are the same torture

[14:36] {Threei} most anal-retentive can trail the stop to above ,65

[14:38] {nemo} volatile day

[14:39] {Threei} 1:1

[14:39] {Threei} princesses 4 frogs 1

[14:39] {strider} out +.14 from aggressive entry

[14:39] {fernp} out MET ty

[14:40] {Threei} that frikin RIMM short just had to shake us out by 2 cents before dropping eh?

[14:40] {Threei} just to spoil the record

[14:41] {jmb} Thanks Vad

[14:41] {Threei} jmb :)

[14:44] {Threei} hmmm

[14:44] {nemo} gld short vad?

[14:44] {nemo} yep

[14:44] {Threei} between my promise to faint for 30 minutes and call, just 20 minutes went

[14:44] {fernp} come on HIG, come with daddy!! I wanna go home

[14:44] {nemo} so..you lied

[14:45] {Threei} honest mistake'but we will have to rectify it

[14:45] {Threei} I take the call back

[14:45] {nemo} ha ha ha

[14:45] {Threei} all those who profited from it, you'll have to return the money

[14:45] {Threei} into the market

[14:45] {nemo} long bby should do it

[14:45] {strider} I prepaid for mine, vad. Last week.

[14:46] {Threei} lol

[14:46] {Threei} don't do it strider - that was a good one, and you are not supposed to do good jokes

[14:46] {Threei} neither am I for that matter

[14:46] {strider} Really? I thought my jokes were terrific.

[14:46] {nemo} leave that to me

[14:46] {Threei} larisa will be sorely disappointed as she expects only bad ones from me

[14:47] {strider} Actually I don't remember telling any before that bomb today.

[14:47] {Threei} of course they are strider, of course they are

[14:47] {Threei} that's what I tell myself too

[14:47] {strider} thank you...thank you very much.

[14:47] {Threei} and hey, it works

[14:47] {Threei} I laugh at them

[14:47] {strider} I think you should just type them out in Russian......be funnier that way.

[14:48] {Threei} and when I totally run out of fresh material, I just return to dino's large moth

[14:48] {strider} Hey, I was getting ready to tell that one.

[14:48] {Threei} that would be a discrimation

[14:49] {Threei} why only larisa and ilana should suffer if I can torture you all

[14:49] {strider} CS re-opens,

[14:50] {Threei} Credit Suisse Group Trading halted; Confirms settlement talks with New York DA over USD payment probe, to pay around $536M in fines

[14:50] {Threei} - Expects to record an additional pre-tax charge of CHF445M in current quarter before tax, CHF360M after tax.

[14:51] {fernp} out HIG +.10

[14:51] {Threei} finally

[14:51] {Threei} wtfg

[14:51] {Threei} ummm

[14:51] {Threei} -f

[14:51] {Threei} lol

[14:51] {nemo} wtgf

[14:52] {strider} Re-watched a favorite movie last night, and think that this room should be renamed Anatevka. Sound familiar?

[14:52] {nemo} Asylum?

[14:52] {Threei} what's that?

[14:52] {strider} A fiddler on the roof...

[14:52] {strider} Sounds crazy, no?

[14:52] {strider} But here, in our little village of Anatevka,

[14:52] {strider} you might say

[14:52] {strider} every one of us is a fiddler on the roof.

[14:52] {strider} Trying to scratch out a pleasant, simple tune

[14:52] {strider} without breaking his neck.

[14:52] {strider} It isn't easy.

[14:52] {strider} You may ask,

[14:52] {strider} why do we stay up there

[14:52] {strider} if it's so dangerous?

[14:52] {strider} Well, we stay because

[14:52] {strider} Anatevka is our home.

[14:52] {strider} And how do we keep our balance?

[14:52] {strider} That I can tell you in one word!

[14:52] {strider} Trade-ition!

[14:53] {patience} very nice strider

[14:53] {strider} I did change the last word a bit.

[14:54] {fernp} out GY +.08

[14:54] {fernp} is my fate, slow ones but profitables :)

[14:55] {Threei} cry me a river

[14:55] {strider} what a terrible fate, fern :)

[14:55] {strider} patience, no one likes my idea.

[14:55] {fernp} lol. im tired. good evening everybody. see u all tomorrow

[14:55] {strider} or hasn't seen the movie.

[14:55] {Threei} wait

[14:55] {Threei} you have to listen to one more bad joke

[14:55] {fernp} ok

[14:56] {Threei} in our household dad decides everything,

[14:56] {Threei} mom only decided who to make dad

[14:56] {Threei} ok... go

06[14:56] * magoo slaps Threei around a bit with a large trout

[14:56] {Raven} rofllllllllll

[14:56] {Threei} ty

[14:56] {Raven} yw

[14:56] {ilana} i think MET is not done yet from here

[14:57] {Raven} but I've almost had enough

[14:57] {fernp} at least it was short. TY see you

[14:57] {Threei} maybe Ilana, but they won't forgive me another MET call

[14:57] {strider} I give up.

[14:58] {nemo} So, a recently married couple are sitting in the bedroom and the guy throws his jeans across his wife's lap and says, "Put those on."

[14:59] {nemo} Wife looks at him quizzically, and puts them on and says, "They don't fit, you could fit three of me in here."

[14:59] {nemo} Husband says, "That's right. I wear the pants in the family, and don't ever forget it!"

[14:59] {nemo} So, wife sits there for a second with a pissed look on her face.

[15:00] {nemo} She grabs her pants and throws them at him, "Try those on!"

[15:00] {nemo} Guy says, "I can't even get one leg in them."

[15:01] {nemo} She says, "That's right. And if you EVER want to get in them again. Remember I WEAR THE PANTS IN THE FAMILY!"

[15:01] {strider} groannnnnnn................

[15:01] {Raven} sigh

[15:01] {Threei} see raven?

[15:01] {Threei} and you thought I was bad

[15:02] {Raven} it is all bad

[15:02] {nemo} DPWFL

[15:02] {Threei} I just realized that my jokes to be funny require two conditions

[15:02] {Threei} 1. you are drunk

[15:02] {Threei} 2. you don't hear me

[15:03] {nemo} That's your singing

[15:03] {strider} I think that's where you're messing up, vad. It's US that are supposed to be drunk. Not you.

[15:03] {nemo} [15:02] {&Threei} 1. you are drunk

[15:03] {Threei} yup

[15:04] {nemo} what part of "you" don't you understand?

[15:04] {strider} Zoooom! Right over nemo's head.

[15:04] {patience} sigh, no trades for me today.....not my type of market

[15:04] {nemo} well, I am kinda' short

[15:05] {strider} Believe it or not, GE spike.

[15:05] {nemo} WTF momo

[15:05] {nemo} Magoo

[15:05] {strider} patience, I commend you for your, ah......patience.

[15:05] {nemo} ese...rim shot

[15:05] {nemo} no ese

[15:06] {Threei} GE Sees 2010 industrial profits flat, expects Q4 orders to strengthen - analyst day slides

[15:06] {Threei} - Worst is behind us in financial services.

[15:06] {Threei} - Could see more restructuring through 2010

[15:06] {Threei} - ... (15.76, -0.19, -1.19%) more...

[15:06] {Threei} - Expects to hold $23-26B in cash in 2010

[15:06] {Threei} (US) Fed Chairman Bernanke: Responds to Senator Bunning, notes regulation may be better than rate policy for addressing bubbles

[15:06] {Threei} - Resource slack remains substantial

[15:06] {Threei} - Fed was too optimistic about unemployment back in May

[15:06] {Threei} - liquidity and credit programs will not spur inflation

[15:08] {Threei} notes regulation may be better than rate policy for addressing bubbles

[15:08] {nemo} .30 range in Qs today oy

[15:08] {Threei} is this the first time ever Fed admitted rates maanipulation may not be the universal answer to everything?

[15:10] {strider} That's only half the answer. The other half is printing money.

[15:11] {Threei} look at AET

[15:11] {Threei} decisive moments in health care bill fate

[15:12] {strider} MET long herre?

[15:13] {Threei} nah

[15:13] {nemo} aet sitting on 200 ma

[15:14] {Threei} guess who is on TV

[15:14] {strider} Rimsky Korsakoff.

[15:14] {nemo} his coffin maybe

[15:15] {nemo} aet just dropped

[15:15] {Threei} is the guy behind his shoulder drunk or high?

[15:15] {Threei} look at the glassy eyes

[15:15] {nemo} high, they'd be bloodshot if he were drunk

[15:16] {Threei} said nemo turning mirror away

[15:16] {nemo} going to work out, no drinking

[15:16] {strider} He's dying to get at that twinkie in his coat pocket.

[15:16] {Threei} lol

[15:17] {Threei} Reportedly FTC and FDA have proposed banning advertising focused on children for foods with excess sugar

[15:17] {Threei} - foods with more that 13 grams of added sugar per normal serving ar being singled out

[15:18] {strider} That's no problem. They'll just reduce the claimed 'serving size'.

[15:18] {strider} Already, 3 potato chips constitues a 'serving.'

[15:19] {strider} constitutes.

[15:19] {strider} I usually eat between 60 and 80 servings of chips.

[15:23] {strider} jeez

[15:23] {dino} i could go for some chips

[15:23] {strider} and magoo get get the beer.

[15:23] {dino} yes

[15:24] {strider} we'll all be right over.

[15:25] {strider} lookking for a bottom, vad?

[15:28] {Threei} not sure yet

[15:29] {dino} gef stopped -.31

[15:30] {nemo} fcx pivot is .22

[15:30] {nemo} if market right and we get some consolidation here, could be good short

[15:31] {nemo} damn

[15:31] {nemo} probably going to .80

[15:32] {Threei} it bounced right back

[15:32] {Threei} if you want it it's available

[15:33] {nemo} looks like it wants that pivot

[15:43] {dino} apparently i do not understand fds

[15:44] {Threei} I don't understand FDR either

[15:44] {nemo} he's dead

[15:44] {Threei} maybe that's why...

[15:44] {Threei} MET sudden death

[15:48] {Threei} Eric Cantor on TV

[15:48] {Threei} first time in ages I hear exact cause for the crisis pineed down

[15:48] {nemo} are you being facetious?

[15:49] {Threei} no

[15:49] {strider} {decidely not funny joke}

[15:49] {nemo} I was waiting for that

06[15:50] * strider slaps nemo around a bit with a large bag of {decidely not funny joke}.

06[15:50] * nemo slaps strider around a bit with a large balloon of {decidely not funny joke}

[15:53] {strider} I retire from the field. I can only aspire to such grossness.

[15:53] {nemo} You did a damn good job

[15:54] {strider} NO. I genuflect before your superior grossivity.

[15:54] {dino} gef sm l .40

[15:54] {strider} go gettim', dino.

[15:54] {Threei} ok, that crosses line of "needed to be edited out"

[15:55] {Threei} and janitor doesn't appreciate that

[15:55] {nemo} which one?

[15:55] {strider} Yes. I apologize for my part in that.

[15:55] {strider} The smaller part.

[15:55] {larisa} lol

[15:55] {nemo} fine...

06[15:56] * nemo slaps strider around a bit with a large balloon of HCL

[15:56] {nemo} that better Vad?

[15:56] {nemo} I wonder if cat stops at .19?

[15:57] {Threei} 4 minutes, and I am free of you...

[15:57] {Threei} so yes, it's better

[15:57] {Threei} and will be even better in 3 minutes

[15:57] {Threei} or should I says betterer

[15:58] {ilana} gooder

[15:58] {Threei} bester?

[15:58] {nemo} Guda

[15:58] {nemo} don't publish this blog

[15:58] {Threei} I will, and you be ashamed

[15:58] {nemo} I have none

[15:59] {Threei} what was I thinking...

[15:59] {nemo} obviously,,,,,,,,,you weren't

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening

[15:59] {strider} thanks vad.

[15:59] {Threei} see you tomorrow

[15:59] {nemo} P&Q

[15:59] {larisa} bye all

[15:59] {ilana} bye

[16:00] {dino} out gef .28 -.12

[16:00] {dino} will work on that tomorrow

[16:01] {dino} ebix, kss, bby, deck, fds, gef watching tomorrow

[16:02] {ilana} lock the door behind you, dino

Dec 14 2009

6 calls, 6 wins - is there better way to start new week? NTRI, AA, HIG, OSK longs, RIMM short twice - every trade turned a princess and none remained a frog.

Session Time: Mon Dec 14 00:00:00 2009

[08:51] {rubbi} nwtepiphany97

[09:01] {Threei} HBAN Morgan Keegan Raised HBAN to Outperform from Market Perform

[09:01] {Threei} - on valuation

[09:02] {Threei} C US Treasury: Confirms CNBC reports of govt profit from Citi TARP payback; profit to be at least $13B

[09:09] {fernp} Good morning everybody

[09:09] {Threei} fern :)

[09:09] {ese} good morning

[09:09] {Threei} ese :)

[09:10] {ese} hey vad

[09:10] {Threei} ese, HBAN upgrade may be of interest to you

[09:10] {ese} tks... will take a look

[09:12] {magoo} morn

[09:13] {Threei} magoo :)

[09:13] {magoo} vad:0

[09:13] {magoo} u looking at any of the energy plays? dvn apc

[09:13] {magoo} chk

[09:13] {ese} mags.....

[09:13] {magoo} xto

[09:14] {magoo} es:)

[09:14] {Threei} CHK, maybe

[09:15] {larisa} gm all

[09:15] {Threei} larisa :)

[09:15] {larisa} vad :)

[09:18] {ese} alot of the Mid West bankreceiving upgrades lately Vad.....fitb last week or the week before

[09:18] {Threei} and most of them don't go anywhere

[09:20] {ese} true

[09:20] {strider} morning everyone.:)

[09:20] {Threei} strider :)

[09:21] {dino} gm all

[09:21] {Threei} dino :)

[09:22] {Les} and afternoon here :)

06[09:22] * nemo slaps magoo around a bit with a large sack of deer entrails

[09:22] {Threei} Les :)

[09:23] {Threei} let's see if CHK gives good setup for 25 break

[09:23] {Les} jeez vad, whole lot of thinking you did posting on Bill's over the weekend

[09:23] {Threei} I am not very familiar with the way it trades

[09:23] {Les} your thinking stirs up hornets nest

[09:24] {Threei} that's OK, I think so seldom that it's not a real danger

[09:24] {Les} nice rundown on Taibbi issue btw. I have to ask Nemo if free will exists with such systemic influence

[09:24] {dino} chk, selling their pa marcellous gas leases to hes

[09:25] {dino} xto marcellous play too

[09:25] {Threei} well, XTO gap is a bit, umm

[09:25] {Threei} insane?

[09:25] {dino} cog, same deal

[09:26] {Les} nice gap

[09:26] {dino} these are the big plasyers up here/marcellous gas

[09:29] {Threei} watching AA

[09:31] {Threei} want little pullback, then .70 break

[09:31] {Threei} hmmm

[09:31] {Threei} not sure about break right away

[09:31] {nemo} you were saying

[09:31] {Threei} staying on a sideline for now

[09:31] {lasertrev} morning

[09:31] {Threei} trev :)

[09:31] {magoo} morn trev

[09:31] {Les} after last week, happy to watch and learn some

[09:32] {Les} trve

[09:32] {Les} trev

[09:32] {lasertrev} hey Les

[09:33] {magoo} missed rimm bounce

[09:36] {magoo} news POT vad?

[09:36] {Threei} no

[09:36] {magoo} look at it

[09:37] {ese} out stld .34 rom last friday =}16

[09:37] {ese} +.16

[09:37] {Threei} will drop more mags, IMO

[09:37] {magoo} okty

[09:37] {magoo} rimm strength

[09:38] {nemo} amzn tanking too

[09:39] {magoo} nice read POT

[09:40] {Threei} Long Setup: AA .80 break

[09:40] {nemo} poor man's pot=mos

[09:40] {Threei} if stays above .75

[09:41] {Threei} Long Setup: NTRI .10 break half lot

[09:42] {Threei} not a scalp

[09:42] {nemo} oh great, diino stock

[09:42] {nemo} nvda

[09:42] {magoo} in aggress

[09:42] {magoo} .05

[09:43] {Threei} stop under .95

[09:43] {Threei} with any market help should go to .40 - .50 area at least

[09:43] {magoo} u thinking .60 area?

[09:44] {ese} missed ntri...still waitin on aa

[09:44] {magoo} as u typed\

[09:44] {ese} in .81

[09:44] {Threei} AA 1:1 in a hurry

[09:44] {Threei} half out

[09:44] {Threei} scalpers know what to do

[09:45] {ese} out .86 tks vad

[09:45] {Threei} sure thing

[09:45] {Threei} typical stock for scalp type I

[09:45] {Threei} slow, thick

[09:46] {Threei} yet liquid enough not to keep you a hostage for too long

[09:46] {ese} love that type hit that with 5k no sweat

[09:46] {magoo} wait till u start hitting it with 50k

[09:47] {Threei} offering 1/4 more

[09:47] {Threei} hit .92

[09:47] {magoo} waiting .97 vad

[09:47] {ese} nice mags.....did you do that

[09:47] {Threei} stop for the last portion is still b/e

[09:47] {magoo} NO

[09:47] {magoo} but i know thosewho do

[09:47] {ese} awwwwwwww

[09:48] {Threei} NTRI stalled

[09:48] {Threei} maybe let's trail it to under 30

[09:48] {Threei} miniscule risk

[09:49] {Threei} either it takes this .15 and goes, or to the heck with it

[09:49] {Threei} good boy

[09:49] {Threei} now go

[09:51] {magoo} out .97 TY vad AA

[09:51] {Threei} welcome

[09:51] {Threei} trailing to under .85 last part

[09:51] {Threei} new high NTRI

[09:52] {Threei} 1:1 actually, for those whose heart can't handle the stress :)

[09:52] {magoo} took a bayer this morn for the heart

[09:52] {magoo} giddy-up

[09:53] {Threei} ok... NTRI in the target zone

[09:53] {Threei} half out .37

[09:53] {Threei} stop to under b/e

[09:58] {nemo} amzn LOD

[09:59] {fernp} MO breaking hod

[10:01] {magoo} news AMZN ?

[10:01] {Threei} nothing fresh

[10:02] {magoo} anything smelly?

[10:02] {nemo} probably after 50% runup near the end of the year, it's profit taking

[10:04] {fernp} SDS c&h

[10:11] {nemo} amzn up

[10:11] {Threei} out last piece AA

[10:12] {magoo} 15 significant resis

[10:12] {nemo} right at the 50 ma

[10:13] {Threei} it very well may be another play down the road

[10:13] {Threei} let's let it digest things

[10:13] {Threei} and see if it forms new one

[10:13] {nemo} nvda might too. I took my eye off it at .30

[10:15] {Threei} mags... if you are really interested in POT, its moment comes soon

[10:15] {ese} L rrc

[10:15] {ese} RRC

[10:16] {ese} .04

[10:16] {Threei} Attention: MAGOO olny

[10:16] {Threei} Long Setup: POT .50 break

[10:16] {nemo} stop under .13

[10:17] {magoo} is your name MAGOO?

[10:17] {nemo} I was giving the stop

[10:18] {nemo} invalimudated

[10:18] {Threei} yup

[10:18] {Threei} done with second half NTRI

06[10:18] * nemo slaps magoo around a bit with a large tarsal gland

[10:19] {Threei} whatever POT does here, it's very close to bounce

[10:19] {Threei} matter of gut feel

[10:19] {nemo} it just broke a major support

[10:19] {Threei} whatever it does here - includes another sharp drop before bounce

[10:20] {Threei} point is, it's at the last stage of preparing to bounce

[10:20] {nemo} looks like to .50 and maybe .05

[10:20] {Threei} quite possible, amrket is dropping again and POT's volatility is beyond sane

[10:20] {Threei} actually it's beyond insane too

[10:20] {nemo} yeah, perfect for Magoo

[10:21] {Threei} but it's very ripe for bounce

[10:22] {Les} ooh ooh ooh can I have a go too?

[10:22] {Threei} only if you are drunk

[10:22] {Les} or is this for old hands only?

[10:22] {nemo} Are you old enough for adult rides Les?

[10:23] {ese} out rrc .08 +.04

[10:23] {Les} I'm a drunk slavic child trapped in a man's body

[10:23] {nemo} I don't know what to make of that

[10:23] {Les} thought you wouldn't

[10:23] {magoo} u feel u are incorrect gender?

[10:23] {nemo} hehehehe

[10:23] {nemo} rotfl

[10:24] {Threei} here starts the bounce, IMO

[10:24] {magoo} in

[10:25] {nemo} watch for resistance at .22

[10:26] {dino} osk

[10:26] {Threei} am I good or what

[10:26] {Threei} modest too

[10:26] {dino} -5 straight down osk

[10:26] {Les} out about 1:1. , .45 +.35. ty vad

[10:26] {Threei} mags, take profit as you see fit

[10:27] {nemo} yeah, you can share the next NOBEL with Barack

[10:27] {magoo} waiting .81

[10:27] {magoo} boss

[10:27] {Threei} welcome les

[10:27] {Threei} that's 3 for 3 today

[10:27] {Threei} can I go home?

[10:28] {Les} probably best.

[10:28] {Les} trades starting getting crappy midday afternoon

[10:28] {nemo} O.K. now that you're there...

[10:29] {Threei} magoo, out?

[10:30] {magoo} not yet'

[10:31] {Threei} it hit your target, not even partial??

[10:31] {Threei} come on

[10:31] {magoo} i un i um raised target

[10:32] {dino} osk sm l .00

[10:32] {Les} I see why this is a magoo special

[10:32] {Threei} if you turn this into loss, get ready for flagellation of the century

[10:33] {magoo} dunno what that means lol

[10:33] {Threei} you so will...

[10:34] {magoo} doesnt sound good

[10:34] {Threei} not intended to

[10:35] {nemo} RIMM .30 break?

[10:35] {Threei} big piece on Google's new phone guys, no immediate implications but I want to post it in full,

[10:35] {Threei} it can have a lot of future influences in the sector

[10:35] {Threei} not sure nemo, volume is questionable

[10:35] {nemo} yeah, looks like Qs

[10:35] {Threei} Google Inc BoA/Merrill Lynch analysts take a look at challenges facing Google's Nexus One smartphone

[10:35] {Threei} - BoA believes the iPhone and Driod are already offering some best-of-breed Google applications, wonder if there will be new applications for the phone.

[10:35] {Threei} - Belive price (both initial and monthly voice/data plans), functionality and carrier support will be key factors.

[10:35] {Threei} - Nexus One will be GSM based, so only AT&T and T-Mobile networks could support the phone and these carriers may be reluctant to embrace a new handset model.

[10:35] {ese} L fitb .07

[10:36] {Threei} - If these carriers or others would offer a data-only monthly plan, and subs. were content using Web applications (Skype, Google Voice) for voice, cost for data-only Google phone plan could be lower than current voice+data plans. Nokia has offered a non-operator locked phone without success.

[10:36] {Threei} - We see biggest risk as upsetting the carriers and handset manufacturers that are currently, or eventually could, support Google's Android operating system.

[10:36] {Threei} - Other risk is impact to Google's financial model if company launches new phone at a low price point (below cost) to build consumer acceptance.

[10:36] {dino} out osk .55, +.55

[10:37] {Les} nice one dino

[10:37] {dino} lucky, bad entry

[10:38] {magoo} we were looking at it 33 area

[10:38] {magoo} missed

[10:38] {dino} feels like 35 area coming again

[10:38] {Les} what was news on oshkosh?

[10:39] {dino} mine info/data?

[10:39] {nemo} volume looking more interesting Vad

[10:39] {dino} quick read looks fine but what do i know

[10:39] {Threei} 10:24 OSK Reportedly US GAO has found evaluation flaws in $3B Oshkosh truck award and asked US Army to reevaluate the contract award

[10:39] {Threei} - Reportedly protest by BAE and Navistar sustained.

[10:40] {dino} didn't see that news

[10:41] {ese} dino...were you in at 34 or 35

[10:41] {dino} 36

[10:41] {dino} out 36.55

[10:42] {dino} 35.35 seems to be holding

[10:42] {ese} ya.....why 36 and not 34 or 35

[10:43] {dino} missed, missed, missed

[10:43] {ese} ahhh sorry ...makes sense

[10:44] {dino} thing was moving on .40 increments

[10:46] {dino} meli hl l .22 ave

[10:48] {ese} l meli .24 sm

[10:49] {dino} guess not on 35.35

[10:49] {ese} nice call dino

[10:50] {Les} surprised airlines weak after British airway christmas strike announcement

[10:50] {dino} meli?, so far, feels like 49

[10:50] {nemo} nvda

[10:50] {dino} osk crashes again

[10:51] {nemo} oops

[10:51] {ese} out meli .48

[10:51] {Threei} RU) Russian 2010 inflation levels could be less than 9% -Russian media

[10:51] {Threei} ummm

[10:51] {ese} that was my 500 shs there

[10:51] {ese} +.24

[10:52] {Threei} magoo... you have a buck on POT

[10:52] {dino} gj

[10:52] {ese} tks dino

[10:52] {Threei} will you ever sell?

[10:52] {ese} your still in i take it

[10:52] {dino} yes

[10:52] {dino} pull up 5 day on it

[10:53] {magoo} waiting higher vad

[10:53] {ese} ok

[10:53] {dino} "do you see what i see" in the pirit of xmas

[10:53] {dino} spirit

[10:53] {Les} indecent profits... I remember the legendary trades of mags and AIG during summer

[10:53] {ese} on daily ...looks like a christmas tree

[10:54] {dino} runs to 49.40s almost daily

[10:54] {ese} ya can see that on 15 min ch

[10:55] {ese} well it's still goin....good on ya

[10:56] {dino} well, what was the risk, .02 was stop

[10:56] {dino} meli to .48

[10:58] {Les} aa close to b/d

[10:58] {ese} auch du miya.....fitb you sloth....5 to 10 cents.....thats all i ask.....surely thats not too much to ask

[11:00] {dino} out .54, +.32

[11:01] {ese} nice dino......excellent trade management

[11:01] {Threei} ese... have you seen Regina temperature over the weekend?

[11:02] {ese} ya I did........poor beggars

[11:02] {dino} ebix not liking the 3/1 spilt i see

[11:02] {dino} ty

[11:03] {ese} as ar as i'm concerned......it's summer time all year round out here

[11:03] {dino} pru hl l .00, stop lod

[11:03] {Les} regina close to you guys?

[11:03] {Threei} not really... just Prairies where we both used to live

[11:03] {ese} no ...2 provinces away

[11:03] {Threei} -50 C

[11:03] {ese} middle of the praries

[11:03] {dino} cold

[11:04] {Les} yeh saw temperatures. I'm bitching about 0 degrees

[11:04] {Threei} no... -20 is cold

[11:04] {ese} thing is though vad.......they will get a break in that weather but in Winnipeg they won't

[11:04] {Threei} -50 is beyond description

[11:04] {dino} indeed

[11:04] {Threei} exposed skin gets freeze burn in less than 5 minutes

[11:04] {ese} your vehicle freezes solid.....i've had that happen

[11:05] {Les} AA

[11:05] {magoo} u will regret moving someday..w/global warming it will be beach front

[11:06] {ese} that could be

[11:06] {Threei} with no beach though'

[11:06] {Threei} smack dub in the middle of the continent

[11:06] {ese} be back in 15

[11:10] {Threei} market is frozen

[11:12] {Threei} ok, while nothing happens, let me treat you to a russian joke, loose translation

[11:12] {Threei} Dad, are words hard, difficult and tough synonyms?

[11:13] {Threei} Not really son... Hard - to decline invitation for drinks in the evening, difficult - to calculate your right dose, tough - feeling in the morning

[11:14] {Les} only in Russia...

[11:14] {dino} hmmm

[11:18] {Raven} roflllllllllllll

[11:18] {Threei} ummm

[11:18] {Threei} thank you?

[11:18] {Raven} {------------(just being polite)

[11:18] {Threei} I know

[11:20] {dino} ebix odd

[11:21] {nemo} Hey Mags, appl looking short here

[11:21] {strider} Ebix reconfirms the 3 for 1 anticipated stock split

[11:21] {magoo} u tellin or askin?

[11:22] {nemo} not now, it broke

[11:22] {nemo} but looks like it might be setting up shortly

[11:22] {nemo} no pun intended

[11:22] {ese} back

[11:23] {dino} hl l ebix .00 stop .73

[11:24] {magoo} aig

[11:25] {nemo} mmmmh rimm weak against the Qs

[11:28] {Threei} worth atry on a short side with .50 as a resistance

[11:28] {Threei} but trigger is not too clear

[11:28] {Threei} .35 break is obvious one

[11:28] {Threei} but I am not trusting this kind of setups lately

[11:28] {nemo} no, too easy to see

[11:28] {nemo} frickin' aig

[11:29] {magoo} pout AIG + .80

[11:29] {magoo} .88 exit

[11:29] {magoo} went in after posted

[11:30] {dino} gj

[11:30] {patience} nice magoo

[11:30] {magoo} look at its level 2..definition of mojo

[11:30] {patience} better than my latest move....sold a position accidentally instead of adding to it....haven't done that booboo in years

[11:31] {magoo} dino and i do that every other week lol

[11:34] {magoo} read on AIG lord vader?

[11:34] {Threei} drop to just under 29, and I would be a buyer

[11:35] {nemo} .15 is pivot support

[11:37] {strider} AMZN short?

[11:38] {magoo} rimm bounce vad?

[11:38] {Threei} a bit of consolidation above 138 prior to break, and yes

[11:38] {nemo} it's at trend support strider

[11:38] {Threei} AMZN short that was

[11:38] {Threei} and 130 that was

[11:39] {Threei} RIMM, no

[11:39] {Threei} unless market explodes, RIMM is more likely to continue lower

[11:40] {Threei} RIMM drops even as market moves higher

[11:40] {dino} out pru .24, +.24

[11:42] {ese} out fitb .13 +.06

[11:42] {dino} meli gets to 49

[11:42] {Threei} HIG...

[11:42] {Threei} if market continues higher, may be a scalp type I on .15 break

[11:43] {nemo} breaks at lunchtime oy vay

[11:44] {nemo} wow big order .15 on hig

[11:45] {nemo} offer that is

[11:45] {Threei} RIMM is very obedient

[11:46] {nemo} amzn very weak too

[11:49] {nemo} wow look at V today

[11:53] {dino} dsw

[11:55] {ese} hig definitely looking like a break out candidate

[11:56] {Threei} stays near break line while market retreats

[11:56] {Threei} needa market bounce to take hat big offer and jump

[11:56] {Threei} needs

[11:56] {strider} HIG c&h on 15 min.

[11:57] {Threei} why didn't we short RIMM when discussed its weakness?

[12:00] {strider} pot near lod

[12:03] {magoo} AIG again

[12:05] {nemo} hig

[12:06] {strider} long HIG .16

[12:06] {strider} stop .below .10

[12:07] {nemo} 1/2 out hig

[12:07] {Threei} nice and easy

[12:07] {nemo} lunchtime

[12:08] {dino} ebix stopped -.29

[12:08] {Threei} scalp type I at its best

[12:08] {strider} out 1/2 hig. +.5

[12:08] {strider} =.05 :)

[12:08] {strider} +

[12:08] {nemo} stop b/e

[12:12] {dino} ebix rinsed'

[12:13] {strider} out hig .25

[12:13] {nemo} 1/4 more waiting .26

[12:13] {dino} gj

[12:14] {Threei} ese... tell me you got your 50K HIG

[12:15] {nemo} stop .21

[12:18] {ese} i wish

[12:19] {ese} i'd been watching fitb

[12:20] {ese} had 40k of it and took .06 but can't ind another place to get in....thought that it would ease of for lunch but it didn't

[12:21] {Threei} Winnipeg on TV

[12:21] {Threei} mama mia

[12:25] {patience} missing it vad?

[12:26] {nemo} out last of hig .26

[12:26] {Threei} ummm

[12:26] {Threei} resounding no

[12:28] {Threei} feeling chill in bones just by watcxhing these images

[12:28] {Threei} President on TV soon to talk about "fat cats"

[12:29] {magoo} jesus, now he wants to regulate veterinarians

[12:29] {Threei} lol

[12:29] {dino} lol

[12:29] {Threei} yeah, what's with overfeeding cats

[12:29] {strider} face it, vad...they're out of control.

[12:30] {dino} he likes big butts

[12:30] {strider} Vets around here ARE getting pretty proud of their services.

[12:35] {dino} pot sm l .24

[12:41] {strider} dino, V?

[12:41] {strider} doesn't that look like one of your trades?

[12:42] {ilana} RIMM

[12:43] {dino} not really stride, too strong overall

[12:43] {magoo} look on tv vad

[12:43] {magoo} 2nd today

[12:43] {Threei} yup

[12:43] {Threei} whipping up frenzy

[12:44] {dino} ugh meli, chickened out on the run

[12:44] {Threei} any barbwire producers?

[12:48] {Threei} wow HIG

[12:51] {ese} fitb wow.......

[12:54] {ese} oh exalted one......great vadski.....i have to get into letting some ride.......annoit me oh great one so that i may see the wisdom

[12:56] {strider} long V .01

[12:56] {ese} after my brother reads that last post my answering service will have this reply tomorrow

[12:57] {ese} "youss ain't wert nuttin.....ya never been any good and you'll never be any good"

[12:57] {Threei} ese... you are supposed to sober up till Monday morning...

[12:58] {ese} ya....don't know what happened

[12:58] {Threei} well, I can guess

[12:58] {Threei} the thought of Monday coming frigthened you into another bottle Sunday evening...

[12:58] {dino} is your brother named magoo?

[12:59] {Threei} at least that's how it happens with me {G}

[12:59] {strider} out 1/2 V .10

[13:00] {dino} gj

[13:00] {ese} why .....yes he is.........how'd you guess

[13:00] {dino} lol

[13:01] {dino} sounds familiar

[13:01] {ese} hmmmmmmmmm.........

[13:03] {Threei} now, this take the prize of the day as the funniest line I saw on TV today

[13:04] {Threei} Obama Gives Himself B+ for the First Year in Office

[13:04] {strider} out .14 balance

[13:05] {larisa} nice trade strider

[13:08] {dino} gj

[13:09] {nemo} great...give him a swelled head :)

[13:10] {dino} nothing like grading your own test

[13:10] {magoo} most arogant politician to datwe

[13:11] {nemo} who? Barbara Boxer?

[13:11] {magoo} feels if he must talk, and he must, then whole nation must here

[13:11] {Threei} esopecially funny in light of this:

[13:11] {Threei} http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

[13:14] {nemo} thining maybe cat short break of .20

[13:14] {nemo} stop .26

[13:23] {Threei} I came up with new definition for the days when we run at 100%

[13:24] {nemo} rare?

[13:24] {Threei} the day when you find your princes (princesses) without kissing any single frog

[13:26] {Threei} {--- back to sleep

[13:26] {Threei} even raven no help

[13:26] {nemo} he's just here to be entertained

[13:26] {strider} thanks, larisa, dino.

[13:27] {Threei} lol

[13:27] {dino} np

[13:27] {Threei} strider find his rythm

[13:27] {Threei} he makes money,

[13:27] {Threei} falls asleep,

[13:27] {Threei} wakes up,

[13:27] {nemo} reads log

[13:27] {Threei} reads congratulations,

[13:27] {Threei} falls asleep,

[13:27] {Threei} wakes up,

[13:27] {strider} I gots rithim....

[13:27] {Threei} answers them

[13:27] {Threei} falls asleep

[13:27] {Threei} etc

[13:28] {dino} whatever works

[13:28] {Threei} totally

[13:28] {dino} dsw continues

[13:28] {Threei} and sleep does work

[13:28] {Threei} especially in the winter

[13:28] {Threei} just ask bears

[13:29] {Threei} those who went to hibernation in the fall feel much better than those who stayed and tried to shoert this market

[13:30] {ese} I'm outta here all see ya tomorow.....

[13:30] {Threei} SBUX...

[13:30] {nemo} dude

[13:30] {Threei} worth it or not?

[13:30] {Threei} take care ese

[13:30] {ese} dude

[13:30] {Threei} your dudeness

[13:30] {strider} SBUX c&h 15 min also.

[13:31] {Threei} our local deep freeze is over

[13:31] {Threei} temperature is up to +7C tomorrow

[13:31] {Threei} 10 next day

[13:31] {Threei} good times are back

[13:34] {Threei} watching RIMM for short

[13:34] {patience} just about went into the attic looking for my winter coat....glad winter is over

[13:35] {nemo} now frickin cat decides to trigger

[13:35] {nemo} after it invalidates of course

[13:35] {Threei} Short Setup: RIMM .65 break

[13:36] {Threei} hopefully if stays below .75, invalidation above .80

[13:37] {Threei} so far .75 held

[13:37] {Threei} your choice to keep stop above .75 or .80

[13:37] {Threei} both are valid

[13:39] {ilana} out RIMM +.15 thx Vad

[13:39] {Threei} welcome

[13:39] {Threei} too aggressive entry?

[13:39] {Threei} took

[13:41] {Threei} 1:1 for .75 stop

[13:42] {Threei} 1:1 for .80 stop

[13:42] {Threei} and more

[13:42] {Threei} me out

[13:42] {jmb} Thanks Vad

[13:42] {Threei} no frogs still

[13:42] {Threei} jmb :)

[13:42] {nemo} might hang up at .30 a little, but could drop to 62.75

[13:43] {ilana} was in.73

[13:47] {Threei} 4 minutes from qyestion to answer - you are frozen over there...

[13:48] {ilana} yeah almost :-)

[13:50] {Threei} new game

[13:50] {Threei} whack a banker

[13:50] {Threei} moles are replaced with heads and shoulders on bald men in suit and ties

[13:55] {magoo} AWIAV?

[13:55] {nemo} RIMM

[13:58] {Threei} no, I am out already

[13:58] {nemo} it never broke the 13 ma

[13:59] {larisa} :)

[13:59] {nemo} :)

[13:59] {nemo} getting close now

[14:01] {nemo} out now

[14:01] {nemo} watch...it'll drop from the 26 ma

[14:01] {larisa} vad does not need MAs, he has a kitty sitting on his shoulder telling him when to enter or exit.

[14:02] {larisa} no, time for bounce

[14:02] {nemo} Shhhhhh....I'm just being pessimistic...let me wallow

[14:02] {larisa} ok!

[14:02] {nemo} ty

[14:03] {Threei} Google Inc Reportedly Nexus One phone could be available for sale on Google's website as soon as January 5, 2010, possibly with T-Mobile contract

[14:03] {Threei} ***Reminder: On 12/13 the WSJ reported that Google plans to begin selling a cellphone directly to consumers, device to be made by HTC. The device could be launched as early as 2010. The phone will be called Nexus One.

[14:04] {nemo} wonder if Nextel will sue

[14:06] {nemo} RIMM break of .45?

[14:06] {nemo} long

[14:06] {Threei} nah

[14:06] {nemo} tyvm

[14:06] {nemo} amzn short, break of .60 stop .70?

[14:07] {larisa} nah

[14:07] {larisa} {just wanted to see how it feels to be vad}

[14:08] {Threei} and?

[14:08] {larisa} nah :)

[14:08] {nemo} pretty disgusting

[14:08] {Threei} sigh

06[14:08] * Threei slaps nemo around a bit with large magoo

[14:09] {larisa} lol

[14:09] {magoo} large????

[14:09] {Threei} I'll lave it to you to slap him with little magoo

[14:09] {nemo} oy

06[14:09] * Threei retreats to his mountain cave

[14:10] {nemo} you better

[14:10] {nemo} 1:1 amzn

[14:10] {Threei} notice magoo doesn't react... I assume rolling on the floor laughing

[14:13] {nemo} 1:2 amzn

[14:13] {nemo} 1:3

[14:13] {larisa} what was setup on AMZN nemo?

[14:14] {larisa} and froget 10 cents stop, it is impossible :)

[14:14] {larisa} forget

[14:14] {nemo} it just worked, so it's not impossible

[14:14] {nemo} break of .60

[14:14] {larisa} if you trade AMZn regularly, you know what I mean

[14:14] {larisa} high of prev bounce?

[14:14] {nemo} it's like women...gotta' catch it in the right mood

[14:15] {strider} uh-oh

06[14:15] * Threei grabs popcorn and takes a seat in a first row

06[14:15] * Threei hands larisa a baseball bat

[14:16] {ilana} lol

06[14:16] * Threei hands larisa an iron

06[14:16] * Threei hands larisa a large wet towel

[14:16] {Threei} you have your choice of weapon

[14:16] {larisa} I asked seriously, i wanted to know wha nemo saw in it

[14:16] {Threei} sheesh... what's with all the pacifism...

[14:18] {larisa} i am trying to work and learn here!

[14:19] {Threei} haha

[14:19] {Threei} oh, you are serious

[14:19] {Threei} sorry

[14:19] {Threei} yes of course

06[14:20] * Threei takes away from larisa baseball bat, iron and towel

[14:20] {nemo} by the way, it touched 1:4

06[14:21] * Threei hands larisa reading glasses, textbooks and blue stockings

[14:22] {nemo} 1:5

06[14:22] * nemo thinks about monastery

06[14:22] * nemo thinks, 'nah" Vad there

[14:23] {strider} Wife just reported: Xmas present from her Mum arrived ...box of little chocolate bottles, filled with Grand Marnier.

[14:23] {nemo} Where do you live?

[14:23] {Threei} enough to stay drunk through the New Year eve?

[14:23] {strider} Problem: how to extract liquor without getting the taste of chocolate?

[14:23] {nemo} Np

[14:23] {nemo} small drill bit and straws

[14:23] {Threei} syringe

[14:24] {strider} wife likes chocolate....I'll make her a deal.

[14:24] {strider} She gets all those bottles.

[14:24] {strider} I go buy bottle of Grand Marnier.

[14:24] {dino} out pot .75, +.50

[14:24] {dino} .51

[14:24] {Threei} I'd strongly suggest vodka

[14:24] {Threei} better effect per dollar

[14:24] {patience} nice dino

[14:25] {strider} well, I guess then I could just go straight for the Everclear.

[14:25] {nemo} 1:6

[14:25] {strider} shut up, nemo.

[14:25] {Threei} notice that RIMM is still there

[14:26] {nemo} send me the Grand Marnier and I'll think about it

[14:26] {nemo} yes, still there

[14:26] {Threei} magical power of NAH

[14:26] {nemo} guess what strider

[14:26] {dino} ty patience toughy

[14:26] {strider} your head just exploded?

[14:29] {nemo} 1:7

[14:29] {larisa} it is over 130 :)

[14:30] {nemo} my computer froze up, it hit .90 first

[14:30] {larisa} i will not give you 1:7.. 1:6 all you get

[14:30] {nemo} you don't have to amzn did...and that's all that counts

[14:30] {larisa} lol

[14:31] {larisa} still do not agree with 10 cents stop also.. get real :)

[14:31] {Les} strider: freeze chocolates, cut bottle necks off, drink liquer.

[14:31] {Les} AWIAV?

[14:31] {nemo} at the time it was valid

[14:31] {larisa} but good call.. sigh

06[14:31] * strider slaps nemo around a bit with a large STOP sign.

[14:31] {Les} who is getting 1:7?

[14:33] {larisa} lol

[14:34] {nemo} go back to your kid's homework

[14:35] {nemo} RIMM invalimudated

[14:35] {Les} no new excuse: family visiting. christmas holidays

[14:35] {Les} how was the morning?

[14:35] {Les} another doji day?

[14:37] {Threei} hmm?

[14:37] {Threei} we have frogless day

[14:37] {magoo} AWIAV?

[14:37] {Threei} no

[14:38] {Les} this is new. market breaking out? or selloff to come before close... http://up.widget.mibbit.com/up/W2Th9Cp2.png

[14:39] {nemo} break out

[14:39] {Les} that's gonna pee off the bears

[14:40] {Les} but GS underperforming...

[14:41] {strider} OSK

[14:42] {magoo} gs aapl are the tells

[14:42] {Threei} and RIMM is interestingly hovering just above lows

[14:42] {nemo} jmo, but if rimm loses this low, 62.74 is in the cards

[14:43] {nemo} CAT at highs

[14:44] {magoo} aig may try late day charge

[14:45] {larisa} "charge" is up or down ? between vads "flagellation

[14:45] {Threei} bankers on TV

[14:45] {larisa} and this

[14:46] {magoo} any fat cats on tv?

[14:46] {Threei} yup

[14:46] {Threei} two of them

[14:46] {Threei} briefly

[14:47] {Threei} OSK

[14:47] {Threei} Oshkosh Truck Corp Confirms GAO decision, believes the Army's FMTV award decision will be maintained

[14:47] {Threei} - Announced it was informed by the Government Accountability Office (GAO) of its decision regarding the protest of the Family of Medium Tactical Vehicles (FMTV) contract, awarded to Oshkosh on August 26. The majority of the protesters claims were denied, including challenges to the evaluation of the Oshkosh Corporation price.

[14:47] {Threei} - CEO: "It is important to realize that todays decision did not recommend proposal revisions nor did it recommend termination of our contract. We believe that when these narrow issues are reconsidered, the Armys decision to award Oshkosh Corporation the FMTV contract will be maintained."

[14:49] {magoo} is that a new statemt or u just bring it up agaoin

[14:50] {nemo} rimm getting increasing volume on price rise

[14:50] {magoo} i like it to bounce

[14:51] {Threei} no, just now

[14:56] {magoo} ty took it

[14:56] {magoo} out here ,47 + .57

[14:56] {Threei} wtg

[14:56] {Threei} RIMM

[14:57] {ilana} took .10 from .40

[14:57] {Threei} almost short-ready

[14:57] {nemo} yeah, breka of .25

[14:58] {magoo} ourt .89 rd 2 + .23

[14:58] {magoo} mojo

[14:58] {magoo} mojo lev 2

[14:58] {strider} NGD halted.

[14:58] {strider} new pending.

[15:01] {nemo} cat HOD volume spike

[15:04] {strider} snort on this bounce? RIMM

[15:04] {strider} short

[15:05] {Threei} feels right to me

[15:06] {Threei} with stop above .40

[15:06] {Threei} market is spiking

[15:09] {strider} out -.05

[15:09] {Threei} dunno, I am not convinced about closing rally

[15:13] {ilana} market doesn't let RIMM go down

[15:13] {Threei} pretty much

[15:14] {Threei} but RIMM wants down so badly, slightest blip by market and it will

[15:14] {Les} in .35

06[15:15] * Threei hits RIMM over the head with 2x4

[15:16] {nemo} gld made a bit of a comeback today

[15:16] {Threei} not really convincing on daily

[15:16] {nemo} no, but could be bottoming

[15:17] {Threei} too eaarly to tel,l but my bet is no

[15:17] {Threei} just a little bounce

06[15:20] * Threei hits RIMM over the head with 2x4 equipped with rusty nails

06[15:22] * Threei plugs the 2x4 in electric outlet

[15:22] {ilana} rusty nails should do it

06[15:22] * Threei hits RIMM over the head with electorcharged 2x4 equipped with rusty nails

06[15:26] * Threei adds some kicking with geavy duty army boots

[15:27] {Threei} covering half here

[15:29] {ilana} out +.10

[15:32] {Threei} no single frog in the whole pond today

[15:32] {nemo} and had that BULLfrog of an AMZN trade :)

[15:32] {Threei} that wasn't a fron, that was a whale of a princess

[15:32] {larisa} oh my

[15:33] {Threei} if I may say so

[15:33] {Threei} 1/4 more out RIMM

06[15:35] * Threei hits RIMM over the head with electorcharged 2x4 equipped with rusty nails, kicks it with heavy duty army boots and puts a garrotta over its neck

06[15:35] * nemo slaps lasertrev around a bit with a large trout

[15:35] {Threei} how non-inventive

[15:36] {lasertrev} ouch

06[15:36] * strider slaps Threei around a bit with a large invented trout.

[15:37] {Threei} hmm... I am yet to understand what it is

[15:37] {Threei} but OK

[15:37] {Threei} as long as RIMM drops

[15:39] {Threei} hmmm... did I angered it?

[15:39] {Threei} have

[15:40] {Threei} anyway, stop is just above .20 for the last 1/4

[15:42] {Threei} trailing to above .15

[15:43] {Threei} top of the last bounce

[15:43] {Threei} protecting against double bottom

[15:50] {Threei} done with RIMM

[15:52] {Threei} 6 for 6?

[15:52] {Threei} and nemo's whale as 7th

[15:52] {nemo} no pun intended Vad? I gotta' go guys...c u 2mo-row row row your boat gently down the stream

[15:53] {Threei} oh boy

[15:53] {Threei} barely over the noon and he is already drunk

[15:53] {larisa} bye nemo

[15:53] {nemo} it's 4:00 pm here...

[15:53] {nemo} bye

[15:54] {Threei} and I have to p;ick the color for my next car today

[15:54] {larisa} NTRI kep climbing all day

[15:54] {larisa} +t

[15:54] {Threei} yeah, it looked like it had this potential

[15:54] {Threei} but not a stock I am confortbale holding

[15:54] {larisa} yes

[15:54] {dino} darn ebix, 2 bucks higher

[15:58] {Threei} okay guys, thank you all

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {dino} cya

[15:59] {larisa} bye all

[16:00] {fernp} nice day here too. good evening everybody. see u tomorrow

[16:00] {dino} gj

Dec 11 2009

Quite empty day again - started with a few stops, then nice fat long on CAT almost fixed the day. It doesn't change the fact that this week was mostly miserable, with just one really good winning day. Gaps resolved in tight range for the day with not much to trade. There was interesting educational discussion about traders' development at the very end of the day though - read it if nothing else.

Session Time: Fri Dec 11 00:00:00 2009

[08:09] {Les} AKNS in play. selling solar kits at Lowe's in California. Could be big break. blah blah blah. did we see this stock rocket yesterday?

[08:09] {Les} GM :)

[08:09] {Threei} morning

[08:09] {Threei} yesterday's news

[08:10] {Les} yeh I remember vaguely seeing yesterdays pattern

[08:11] {Threei} 09:31] {Alert} Threei AKNS

[08:11] {Threei} [09:31] {Alert} Threei Akeena Solar Inc Select Lowe's stores in California to offer Akeena solar panels

[08:11] {Threei} [09:31] {Alert} Threei - Co states that for the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc, a leading installer and manufacturer of solar power systems.

[08:11] {Threei} [09:35] {Alert} Threei Long Setup: AKNS .70 if stays above .60

[08:11] {Les} there it is. I was looking for something on the log but couldn't see it

[08:12] {Les} your description of yesterday's trading on the log is perfect vad

[08:12] {Les} I look at how many trades I made squeezing blood from stone

[08:12] {Threei} ty

[08:12] {Les} ay ay ay

[08:12] {Les} may I ask

[08:13] {Les} how many trades you made yesterday?

[08:13] {Threei} 5

[08:13] {Les} hmmm

[08:13] {Les} this is something I must correct in my trading

[08:15] {Les} I note from my diary. volatility resulting in stops at opening of session digging big hole for me that cannot be filled during rest of session.

[08:28] {Threei} (EU) EU's Juncker: Tobin tax will remain on international agenda

[08:28] {Threei} - Tobin tax only in the EU would harm EU banks

[08:28] {Threei} - Confident that Greece will take the necessary steps on the fiscal front

[08:28] {Threei} (US) Rochdale's Dick Bove: Although the financial regulatory overhaul bill will likely pass the House, the Senate will not likely pass the measure for "many months"

[08:28] {Threei} - Note that Senator Kanjorski told CNBC this morning that he hopes to have the President Obama's signature on a completed financial regulatory overhaul bill "by Easter"

[08:30] {Threei} US) NOV IMPORT PRICE INDEX M/M: 1.7% V 1.2%E; Y/Y: 3.7% V 2.9%E

[08:30] {Threei} *(US) NOV ADVANCE RETAIL SALES: 1.3% V 0.6%E; EX AUTOS: 1.2% V 0.4%E

[08:30] {Threei} - Retail Sales Ex Auto&Gas: 0.6% v 0.2%e

[08:51] {fernp} Good morning everybody

[08:51] {Threei} fern :)

[08:51] {strider} morning fern, vad.

[08:51] {Threei} strider :)

[08:52] {Threei} PIMCO's El Erian: Retail sales numbers were good news, but remains to be seen how sustainable this demand will be

[08:52] {Threei} - Must ask how sustainable retail sales gains will be as the govt withdraws support for markets

[09:01] {strider} DEER looks interesting.

[09:01] {strider} Secondary priced below current price

[09:01] {nemo} been following that one

06[09:08] * nemo slaps strider around a bit with a large goat

[09:08] {ese} morning

06[09:08] * nemo slaps ese around a bit with a large zildjian crash

[09:09] {strider} Well, but see.....now, I got your goat.

[09:09] {Threei} ese :)

[09:09] {nemo} nice one strider...I've got more

[09:12] {ese} tks for your help last night vad

[09:12] {Threei} no problem

[09:12] {ese} you might as well be a giging musician......your working as long as i do

[09:13] {ese} dude...

[09:13] {nemo} yo

[09:13] {Threei} to prevent this kind of errors, try copy/paste instead of retyping

[09:16] {larisa} gm all

[09:16] {Threei} larisa :)

[09:16] {nemo} lari

[09:16] {larisa} :)

[09:17] {ese} laris

[09:17] {nemo} got a present for you strider

[09:17] {strider} morning larisa

06[09:17] * nemo slaps strider around a bit with a large badger

[09:17] {nemo} you can keep him

[09:17] {nemo} :)

[09:17] {larisa} vad, nemo, ese, strider :)

[09:18] {ese} I've actually bought another new computer yesterday vad....totally dedicated to trading.....it has no email on it

[09:18] {strider} Idn'

[09:18] {dino} gm all

[09:18] {strider} Isn't there some rule against badgering newbies?

[09:18] {Threei} dino :)

[09:18] {ese} dino

[09:19] {nemo} strider...gotta' hand it to you...and "no"

[09:19] {dino} es, i did the same thing in august, just trading on it

[09:21] {ese} ya......all communication , documents/recording/composition/ trading was being done on it and the process was not working....

[09:21] {ese} had to do something

[09:21] {Les} It's Friday I see from the comic outpouring of Nemo before markets are even open

[09:21] {Les} :D

[09:22] {dino} running 3 systems, one for this room and email, 2nd for news sites and radio, 3rd for cyber

[09:22] {ese} besides that i'm trying to match vads setup.......he takes up an entire wall........keep up with the jones's thing eh

[09:23] {dino} when vision goes, i suppose

[09:24] {strider} how many monitors you got, dino?

[09:24] {dino} 3

[09:24] {ese} same 3

[09:24] {strider} Oh...from your description, I envisioned at least a dozen.:)

[09:26] {larisa} Monitors can be very different size, from 17 to 30- 40 inches :)

[09:26] {dino} well, cyber has 7 windows opens at once

[09:26] {dino} 17's

[09:26] {larisa} :)

[09:27] {dino} ;)

[09:27] {ese} vad anything on your radar this morning

[09:27] {strider} You have one that looks like a drive in move, larisa?

[09:27] {Threei} aside of usuals, looking at HIG

[09:28] {larisa} I have two 24", enough for me

[09:28] {ese} news?

[09:29] {Threei} no

[09:30] {Threei} RIMM sharp drop

[09:30] {Threei} and bounce, just as sharp

[09:30] {Threei} no way to catch

[09:31] {Threei} what's with IMAX

[09:31] {Les} watching FCX as it approaches 79.

[09:31] {Threei} RIMM again

[09:32] {Threei} 66 break long

[09:32] {Threei} sigh

[09:32] {strider} what time zone are you in:)

[09:32] {strider} again??

[09:32] {Threei} yes

[09:33] {Threei} if holding .90

[09:33] {Threei} not holding, let it drop more

[09:33] {lasertrev} gm

[09:34] {Threei} trev

[09:34] {nemo} it's bouncing of 200 ma

[09:34] {Threei} HIG is holding well so far

[09:35] {Threei} Long Setup: HIG .25 break

[09:35] {Threei} stop under .15

[09:36] {Threei} most likely more than a scalp

[09:37] {Threei} Long Setup: RIMM on pullback under .70

[09:37] {Threei} yeah right

[09:38] {Threei} darn thing just won't let anyone in

[09:39] {Threei} Preview: Dec Preliminary University of Michigan Confidence due out at 9:55amET

[09:39] {Threei} **consensus expectation: 68.8e v 67.4 prior

[09:39] {Threei} - estimates range between 66-74

[09:42] {nemo} hey strider, look at deer, it's at resistance

[09:43] {Threei} Long Setup: RIMM .80 break

[09:44] {Threei} half lot

[09:44] {Threei} stop under .60

[09:44] {Les} fcx

[09:45] {Threei} Preview: Oct Business Inventories due out at 10amET

[09:45] {Threei} **consensus expectation: -0.2%e v -0.4% prior

[09:45] {Threei} - estimates range between -0.7% to +0.4%

[09:46] {dino} apol hl l .20 ave

[09:47] {Threei} no go HIG

[09:47] {Threei} RIMM invalidated

[09:50] {Les} DE

[09:53] {Les} fcx

[09:53] {Threei} Long Setup: GLD .07 break

[09:53] {Threei} stop .95

[09:53] {dino} $ at highs

[09:55] {Threei} US) DEC PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 73.4 V 68.8E

[09:55] {strider} GLD stoppedd?

[09:55] {Threei} it hit 1:1

[09:56] {Threei} missed FCX entry...

[09:57] {Threei} was hunting for 78 break but it danced around too much

[09:57] {Les} need more real estate to jump from one call to another. lost fcx entry as well

[09:59] {dino} i'll sell you some

[09:59] {Les} you lincenced?

[10:00] {Les} licenced

[10:00] {nemo} licensed

[10:00] {Threei} *OCT BUSINESS INVENTORIES: +0.2% V -0.2%E

[10:00] {Threei} - prior revised from -0.4% to -0.5% (related SPY SHY EUR/USD )

[10:00] {dino} speculator, plenty of onventory

[10:00] {nemo} liecensed

[10:00] {dino} inventory

[10:00] {nemo} lice ensed

[10:01] {Threei} Long Setup: RIMM .50 break

[10:01] {Threei} if stays above .35

[10:03] {dino} rino hl l .55

[10:03] {dino} trgt blood

[10:05] {dino} fsys blood continues

[10:06] {Les} another stop. time out time.

[10:07] {dino} rino stopped -.30

[10:08] {Threei} sheesh... this time it's GLD short at 110 break that occured faster than setup shaped up

[10:08] {larisa} things are hysterical today

[10:08] {Threei} nervous jumps today everywhere

[10:09] {dino} agree

[10:10] {nemo} whoa, next support for RIMM is 63.95

[10:11] {nemo} .42 pivot support

[10:11] {nemo} little luck, maybe rally to 65.10 and short

[10:13] {dino} trgt 20 strike

[10:13] {Threei} SEED takeover rumors... as always

[10:13] {dino} nemo again

[10:14] {nemo} what I do

[10:14] {dino} out apol .44, +.24

[10:14] {dino} rumors

[10:14] {nemo} ooohhhhhhhh

[10:15] {fernp} WMT if breaks 55, Vad?

[10:15] {Threei} chart looks fantastic

[10:16] {fernp} stop under .90, no?

[10:16] {Threei} or .85

[10:16] {dino} trgt hl l ave .15

[10:17] {nemo} wmt looks short to me

[10:17] {dino} rino clicks 25s strike area.

[10:17] {dino} mind the 5s and 0s

[10:17] {nemo} then again I am short, so I could be biased

[10:18] {nemo} look at abx

[10:19] {fernp} COST also interesting 59.30 break

[10:22] {dino} .

[10:23] {nemo} ?

[10:24] {dino} trgt stop to .40, pins and needles

[10:24] {nemo} mon

[10:24] {nemo} sorry

[10:26] {dino} rino tricked me

[10:26] {dino} giddy-up gut says

[10:26] {Threei} mine too

[10:26] {Threei} but it already fooled me today

[10:27] {dino} cosmo cramer too

[10:27] {fernp} MS lod

[10:28] {dino} warrants issues

[10:29] {dino} to .60 trgt

[10:29] {Threei} FDIC's Bair: Concerned some financial institutions are 'over leveraged' in the derivatives markets - Q&A (related XLF IXG )

[10:29] {dino} shocking

[10:29] {dino} trgt to .65

[10:32] {dino} out .64, +.49 trgt

[10:34] {fernp} gj dino

[10:34] {nemo} fcx at trend resistance

[10:36] {dino} ty

[10:41] {Moose} gm all

[10:41] {Threei} moose :)

[10:41] {nemo} thought you got whacked by a hunter

[10:41] {Moose} lol

[10:42] {dino} darn rino

[10:42] {Moose} DEER got whacked however

[10:42] {nemo} Republicans In Name Only?

[10:43] {nemo} Maybe...hoping to get out more during muzzleloader season

[10:43] {Moose} DEER like -22.4 %

[10:43] {dino} offering priced lower

[10:43] {nemo} whaddya think about cat short Vad?

[10:44] {Threei} it's uncharacteristically narrow today

[10:44] {Threei} don't see anything indicative on it

[10:45] {fernp} MS breaking 30

[10:45] {larisa} 20 letter word and he even spelled it correctly. vad is under stress :)

[10:45] {Threei} vov

[10:45] {Threei} there... two mistakes in 3 letter word

[10:46] {Threei} I am vindicated

[10:46] {larisa} does not count

[10:46] {nemo} 4 syllables vad

[10:46] {Moose} so what now?

[10:47] {Moose} what we looking at today?

[10:47] {nemo} stocks

[10:47] {Moose} :O

[10:47] {Threei} magoo - porno sites

[10:47] {nemo} Vad-inside of eyelids

[10:47] {Moose} hehe

[10:48] {Threei} I need to paint something on those

[10:49] {dino} magoo's hunting

[10:49] {Threei} on porno sites??

[10:49] {Threei} who is hunting down over there

[10:49] {dino} fsys lod

[10:50] {Les} CAT

[10:51] {nemo} still in a triangle les

[10:51] {Les} where is b/o point for you

[10:51] {nemo} .22 on volume

[10:51] {nemo} there it goes, but no volume

[10:52] {Les} .30 no?

[10:52] {Les} was thinking .30

[10:52] {nemo} tops of the candles going back to about 10:00

[10:52] {larisa} .31 bulllish res

[10:52] {strider} Still think WMT, vad?

[10:53] {Threei} I like the daily for this breeak

[10:53] {nemo} .27 R1

[10:53] {larisa} pick yours :)

[10:54] {nemo} huh?

[10:54] {larisa} les you should have your favorite levels, numbers and strategy :)

[10:54] {nemo} oh

[10:55] {nemo} .30 break looking better les

[10:55] {nemo} volume increased into the level

[10:56] {Les} in

[10:56] {nemo} where's your stop?

[10:57] {fernp} What is your stop Les? under .10 or under 57?

[10:57] {fernp} oooops!

[10:57] {nemo} nice fern

[10:57] {dino} pru hl l .25

[10:57] {Les} .20 tight stop. lossed enough already today

[10:57] {larisa} 57.10 support in my book

06[10:57] * nemo slaps fernp around a bit with a large bowl of paella

[10:57] {Les} lost

[10:57] {fernp} i like it

06[10:58] * nemo slaps fernp around a bit with a large pitcher of sangria

[10:58] {fernp} i like it more

[10:58] {nemo} thought you might :)

[10:59] {larisa} best ever ever ever pina colada I had in Cancun airport restaurant. who would think :)

[10:59] {dino} sfsf

[10:59] {nemo} translate Dino

[10:59] {dino} stock symbo;

[10:59] {dino} l

[10:59] {nemo} oh

[11:00] {nemo} break of .80?

[11:00] {dino} yes

[11:00] {nemo} not as dumb as I look

[11:02] {nemo} rimm near lod

[11:02] {dino} fsys more down, wow

[11:02] {Moose} AA strong today

[11:04] {strider} drop XRT retail

[11:04] {Les} stopped out CAT. vexing

[11:04] {Les} retest of support? lower volume on pullback?

[11:05] {dino} azz

[11:05] {dino} $ drop

[11:05] {nemo} what's amazing is how strong the $ AND the market

[11:06] {Threei} told you they'll decouple

[11:07] {Threei} AZZ Davidson Cuts AZZ to Underperform from Neutral (timing uncertain)

[11:10] {Threei} (US) House votes against amendment to financial reform bill on Sarbanes-Oxley audit rules

[11:10] {dino} sfsf hl l .81

[11:10] {patience} .

[11:10] {Les} what was amendment?

[11:11] {Les} fcx might be ready for a b/d?

[11:11] {fernp} I don't understand your stop Les, If you stop was .20 then CAT hit your 1:1

[11:11] {nemo} that makes two of you fern

[11:12] {strider} your stop below .60 dino, SFSF

[11:12] {Les} .40 was previous high of day. .39 was highest this time

[11:12] {Threei} FCX, probably yes

[11:12] {Threei} .25 break

[11:13] {Les} missed 1:1 by 1 cent. I have in past sold in such situations. greed got in way today.

[11:15] {fernp} ah!, now i understand it :-)

[11:15] {nemo} Comprende Vd.?

[11:16] {fernp} perfectamente

[11:16] {dino} .57

[11:16] {dino} titn

[11:17] {nemo} did you take sfsf

[11:17] {Threei} DNDN Hearing Brean Murray raising Price Target to $40 from $35 (timing uncertain)

[11:17] {Threei} - reiterates Buy rating (25.10, -0.55, -2.14%)

[11:17] {Threei} not much reaction

[11:17] {Threei} they better come up with takeover rumors

[11:18] {dino} yes nemo .81 in sfsf

[11:18] {dino} stop was .57, now b/e

[11:18] {dino} next pop to .04

[11:19] {nemo} think it might be good to .20 or so

[11:19] {dino} wny not

[11:19] {dino} why

[11:19] {dino} it's the old bartended theory

[11:19] {Les} fcx b/d

[11:19] {dino} r

[11:19] {nemo} about 1/2 way back, and runs into the 200 ma

[11:20] {strider} was there news on sfsf?

[11:20] {dino} nope

[11:20] {dino} mkt drop

[11:20] {dino} stop to .99

[11:21] {Threei} feel free to cover FCX

[11:22] {Threei} a bit too sharp drop

[11:22] {Les} thanks, did so

[11:22] {Les} out +.36

[11:23] {dino} sfsf to .04

[11:24] {dino} to .09

[11:24] {dino} out reverse, +.10, +.29

[11:25] {strider} reverse means yo went short?????

[11:26] {dino} no, reverse slip on the stop

[11:26] {dino} was at .09, stopped .10

[11:27] {strider} OK..I guess:)

[11:27] {dino} stops slip, thats what happened

[11:27] {strider} Oh.. ok..gotcha. thx.

[11:30] {dino} crazy feeling fsys goes to 40ish for strike

[11:31] {Threei} US Treasury Pay Czar Feinberg releases pay guidelines; BAC no longer part of evaluation; AIG found to have certain 'critical employee's

[11:31] {strider} short FCX again?

[11:32] {strider} never mind.

[11:32] {nemo} that volume spike means make sure this isn't a double bottom

[11:33] {Threei} Pay rules include 450 executives at AIG, Citi, GM and GMAC

[11:33] {Threei} - places threshold of 45% of total compensation in cash; cash salaries limited for all executives at $500K; with exception of 12

[11:33] {Threei} - finds certain AIG employees critical, and that a restructuring of contracts was not in the public interest

[11:33] {Threei} - rules eliminate tax 'gross ups' for tier 2 executives

[11:36] {dino} grmn

[11:37] {ese} ese is still here.......trying to make the new computor and trading setup work......

[11:37] {Threei} let's see if it's double bottom or breakdown on FCX

[11:37] {Threei} for DB, ideally:

[11:37] {Threei} couple moves between .50 and some resistance

[11:37] {Threei} then break

[11:37] {Threei} if pulls back from here, .65 will serve as such

[11:38] {Threei} ok

[11:38] {Threei} Long Setup: FCX .65 break if holding .50

[11:38] {Threei} Short Setup: FCX .50 break if stays under .65

[11:39] {fernp} missed, too fast

[11:40] {strider} in .66

[11:42] {Threei} it hit 1:1 practically after the break... I'd be careful with secondary entry in such case

[11:43] {strider} I don't think I'm fast enough to manage stuff like that.

[11:43] {Threei} FCX is a very fast stock

[11:43] {strider} All I can do is trade what is called.

[11:44] {fernp} this one would have been good for me I always offer my shares one cent below the round number

[11:44] {nemo} cat important level

[11:44] {fernp} i don like offer at .70 .80 .90 i prefer .69 .79 .89...

[11:46] {ese} question........ how do you resize a mac window when you can't get at the bottom right of it with the cursor

[11:48] {fernp} at 10:17 i shorted MS, one hour and half later I have my 1:1 . is terrible how this market moves

[11:49] {nemo} not to excrete on your clambake,,,no...it's how we play it. I'm so out of it today, but I've seen plenty on the charts. It's never the market's fault

[11:52] {Les} but I noticed with FCX, last big $ move, it cratered. looking to see if repeat performance today

[11:53] {dino} fsys hgl l .00

[11:54] {dino} trit

[11:54] {Threei} market looks ready to reverse

[11:57] {Threei} Long Setup: WFC .20 break

[11:59] {fernp} LOW 23.56, Vad?

[12:00] {Threei} looks right to me

[12:00] {fernp} .45 stop, no?

[12:00] {Threei} yes

[12:01] {dino} titn hl l .00

[12:01] {fernp} ty

[12:01] {dino} sfsf nemo was right

[12:02] {ilana} what's your stop on FSYS, dino?

[12:02] {dino} .69

[12:03] {nemo} and a fine stop it is

[12:03] {dino} we shall see

06[12:03] * nemo wonders where that came from

[12:03] {dino} how about trit?

[12:04] {nemo} outta' broken clock moments today

[12:04] {nemo} 22.20 or 21.82

[12:04] {Threei} market stalled big time, and pace dropped to turtle-like

[12:05] {dino} bit wide

[12:05] {Threei} this is a good moment for reversal,

[12:05] {Threei} if that transpires it can be violent

[12:05] {nemo} sorry looking at another chart

[12:06] {Threei} CAT is long candidate for market reversal

[12:06] {Threei} .90 trigger

[12:06] {dino} fsys stopped -.31

[12:08] {nemo} oh, I see it bottomed around 22.20...I'd keep that stop and 23.00 first stop if it get's through that, would probably be around 23.20 by the time it gets there

[12:10] {nemo} where you in Dino?

[12:10] {Threei} CAT hit 1:1

[12:10] {Threei} or 1 cent shy?

[12:11] {Les} 1 cent shy

[12:12] {Les} uh no. 1 trade settled at 57.

[12:12] {strider} not on my chart.

[12:12] {Les} t&s

[12:13] {Les} obviously not important enough for folks here to get filled

[12:13] {Les} and again

[12:14] {Threei} RIMM is bottomless today

[12:16] {Threei} half out CAT .03

[12:16] {Threei} scalpers know what to do

[12:17] {Les} I'll take 5 cents for CAT at lunchtime.

[12:17] {Threei} offering 1/4 more .11

[12:19] {fernp} missed CAT. I didn't see market reversing :-(

[12:20] {Threei} GRMN

[12:20] {Threei} Garmin Ltd Ticks lower on cautious report from Citron Research

[12:20] {Threei} - Citron notes that with navigation functionality rapidly moving to smartphones Garmin's pool of competitors is increasing which is driving down pricing for its products. Citron believes navigation is becoming "just another app" with a price point that is moving towards free.

[12:21] {Threei} out 1/4 CAT

[12:22] {Threei} stop to under 57

[12:24] {Les} MS

[12:26] {lasertrev} strider pm

[12:26] {Les} whack a mole on bank stocks today. WFC

[12:26] {Threei} stop to under .10

[12:27] {strider} Dino, where's your stop TITN?

[12:29] {Les} looking at FCX short again Vad. You still see market reversal? looks like stall now

[12:29] {dino} .69

[12:30] {strider} thx

[12:32] {Threei} I don't know how to answer that les

[12:32] {dino} thing is dead

[12:32] {Threei} stall now - sure

[12:32] {Threei} it's right in front of us

[12:33] {Threei} what happens next - it's a matter of working scenarios

[12:33] {Les} ok. shorted .23 but looks like trap

[12:33] {Threei} mine is bounce, I watch for according setups, and take according p;ositions

[12:33] {nemo} Qs break .10 gets interesting

[12:33] {Threei} whether it gets confirmed or not - up to trading gods

[12:34] {nemo} should we sacrifice Les?

[12:34] {Threei} we need chicken entrails, and finest cheeses

[12:34] {Les} I'll offer my liver as sacrifice. getting thoroughly pickled with good white wine

[12:34] {nemo} You like Stilton

[12:34] {Threei} being from where he is Les may help with cheeses

[12:34] {nemo} yep

[12:34] {Les} no stilton here mate

[12:35] {nemo} no...England

[12:35] {dino} i like cheese

[12:35] {Threei} CAT 1:3

[12:35] {Les} nemo, you made reference to swiss cheese once

[12:35] {Threei} trailing more aggressively now, to .14

[12:35] {Threei} to .18

[12:35] {Les} the holey cheese you are refering to comes from small village called Emental.

[12:37] {Threei} to .19

[12:37] {Threei} and offering above .30

[12:37] {Les} sorry, Emmental.

[12:38] {nemo} emmen valley

[12:38] {dino} just ate turkey & swiss sandwich

[12:38] {Les} but emmental is crap IMO

[12:38] {Les} switzerland has divine produce

[12:38] {Threei} so, we need chicken entrails, finest wines and cheeses, and virgnins

[12:38] {Threei} sacrificial set

[12:39] {Threei} kit

[12:39] {dino} perhaps virgin olive oil will do

[12:39] {nemo} extra virgin

[12:39] {nemo} I got swords

[12:40] {Threei} here her kitty kitty kitty

[12:40] {Les} I have winner of international olive oil competition in Los Angeles 2008. Appellation Tuscany

[12:41] {Les} grapes from Tuscanny

[12:41] {Les} most oil take their grapes from Mediterranean countries

[12:41] {Les} virgin or not

[12:41] {Les} olives from tuscanny, excuse me

[12:41] {Threei} out .29

[12:42] {Threei} +.38

[12:42] {lasertrev} strider pm

[12:42] {Les} Nice trade Vad. how did you know CAT was going to behave like that?

[12:42] {Threei} finally decent trade

[12:42] {Les} I've become scared of lunchtime trades

[12:42] {dino} gj

[12:42] {Threei} I didn't KNOW...

[12:42] {Les} ok ok

[12:42] {Threei} my scenario was for reversal, and CAT started breaking the donwtrend bedore market did

[12:43] {Threei} so it was my #1 candidate

[12:43] {dino} crack me up les, you remind me of magoo with the "know" comments

[12:43] {Threei} milked this one to the extreme

[12:43] {Threei} erazed stops

[12:43] {Threei} erased too

[12:44] {Les} ok. CAT was ahead of market. so stocks can potentially indicate their intentions

[12:44] {Les} or possibilities

[12:44] {Threei} sure

[12:44] {ilana} out FSYS .24

[12:44] {Threei} such diveregences is one of the powerful tools

[12:44] {ilana} wheew, that was scary...

[12:45] {Threei} brave girl eh

[12:45] {ilana} damn, dino :-)

[12:45] {dino} gj

[12:48] {Les} that's ok dino, prefer to be geek than Nemo's sidekick. ;)

[12:50] {dino} lol

[12:50] {dino} old argument, everyday he says "i knew it would do that"

[12:50] {dino} i say how?

[12:52] {fernp} ok guys, two or three weeks like this and i will need to sell my BMW to eat. Very bad week here. Have a nice weekend all and see you on monday with energy renewed

[12:52] {Threei} yake care fern

[12:52] {dino} cya fern, clear your head

[12:52] {Threei} wow CAT

[12:52] {dino} don't forget rule #1\

[12:53] {strider} take care, fern.

[12:53] {Les} bon keekend

[12:53] {Les} weekend

[12:54] {Threei} fern of course never admitted that he bought that BMW after three weeks of trading before this one

[12:54] {lasertrev} strider pm

[12:55] {ese} l stld .18

[12:55] {larisa} [12:50] {dino} i say how?

[12:55] {Threei} my reversal in progress

[12:55] {larisa} what he answers?

[12:57] {Threei} Long Setup: FCX .55 break half lot

[12:57] {Threei} if stays above .40

[12:59] {Threei} Long Setup: GLD .70

[12:59] {Threei} if stays bove .60

[13:04] {Threei} both are invalidated

[13:11] {Les} rising wedge gld

[13:12] {Les} ascending wedge

[13:18] {Threei} Reportedly US House rejects "cramdown" amendment of financial reform bill

[13:18] {Threei} - amendment sought to give bankruptcy judges the power to alter mortgage terms for distressed homeowners.

[13:18] {Threei} - the vote was 2431-188 against the amendment.

[13:19] {dino} good

[13:20] {dino} contracts should be respected

[13:20] {Threei} MEND?

[13:21] {dino} no news

[13:21] {Threei} nothing here either

[13:25] {Threei} UAUA... whole day strength

[13:37] {Threei} let me reiterate: wow CAT

[13:37] {Threei} that was buy and hold all of a sudden

[13:40] {strider} dino...I hope you don't have the same effect on women that you do on stocks.

[13:40] {strider} go limp.

[13:40] {strider} the women, I mean.

[13:41] {Threei} how is it bad?

[13:41] {Threei} wait.... don't answer that

[13:41] {dino} no complaints ever received

[13:41] {strider} ah, you're an old school type,, vad.

[13:41] {strider} yeah,, dino, I said that wrong. :)

[13:41] {strider} but, back to the stocks.....

[13:42] {strider} are you feeding them valium?

[13:45] {Threei} wine is his date drug of choice

[13:47] {dino} more of a beer guy, but occasional glass ir two of wine

[13:48] {larisa} lol

[13:48] {Threei} I didn't mean for you

[13:48] {dino} crack you up, last night i drank a couple schlitz's, they have gone back to the 60's recipe

[13:48] {strider} dino's dates may be BYOB

[13:50] {Les} FCX short on .65 trigger?

[13:50] {nemo} abx short .59

[13:50] {Threei} I don't see it les

[13:50] {Les} k

[13:54] {nemo} rimm at support under .53

[13:54] {dino} stop titn, -.10\

[13:55] {dino} tired of it

[13:55] {Threei} looking to short it nemo?

[13:55] {nemo} yeah

[13:55] {Threei} .50 with stop above .60?

[13:55] {nemo} yeah support is .53

[13:56] {Threei} 13:52 touched on .51

[13:56] {nemo} yeah, just for a second, must have been an idiot like me getting stopped out of his short

[13:56] {nemo} not that I was short

[13:56] {nemo} well I am short, but...nevermind

[13:57] {Threei} invalidated anyway

[13:57] {nemo} well,,yep

[13:57] {Threei} and .60 was actually nice long trigger

[13:57] {nemo} guess it confirms the support area

[14:01] {nemo} abx still valid

[14:03] {nemo} although, break above .66 on volume is a long

[14:03] {nemo} imo

[14:04] {Les} time to relax. wishing everyone an enjoyable weekend. ciao

[14:05] {nemo} watch the door Les

[14:05] {Threei} take care les, have a good one

[14:06] {dino} cya les

[14:07] {larisa} bye les

[14:10] {strider} are you long abx, nemo?

[14:11] {nemo} no, it didn't move with the indices

[14:11] {nemo} I'm not sure where it's going

[14:11] {Threei} I'd be looking to short it on breakdown if it stays here

[14:12] {nemo} yes, tck hasn't moved, neither has fcx

[14:13] {ilana} RIMM possible b/o?

[14:13] {ilana} volume is not right though

[14:13] {nemo} see thee C&H on Qs?

[14:14] {ilana} on 5 min shart

[14:14] {ilana} chart

[14:14] {ilana} so

[14:14] {nemo} 1 minute also, tad warped but at resistance

[14:19] {nemo} frickin Mexican standoff here

[14:19] {nemo} cat tempting short .54 with weakening market

[14:20] {nemo} Dino....isn't about time for the PPT?

[14:21] {ilana} out RIMM +.11

06[14:21] * Threei slaps nemo around a bit with a large volume of Legends and Myths of Ancient Greece

06[14:23] * nemo slaps Threei around a bit with a large head of Medusa

[14:24] {ilana} wow, nemo are you ok?

[14:24] {nemo} Better than a sharp stick in the eye, huh Vad :)

[14:25] {nemo} Mentally or physically Ilana?

[14:25] {Threei} I can't answer with any worthy slap, finger on ABX trigger

[14:25] {ilana} both, after all these slapping

[14:25] {dino} nemo, no ppt only after huge down days, we are stuck 1080-1111 for about 15 days

[14:25] {ilana} short?

[14:25] {ilana} abx

[14:25] {strider} short ABX at. 58?

[14:26] {nemo} yeah, but they can help push the rally and piss off the bears

[14:26] {nemo} that's what I'm thinkin strier

[14:26] {nemo} also cat at .54

[14:27] {nemo} well, I'm not going to be able to partake, I have to leave soon, so these should end up being monsters

[14:27] {strider} will you take the cat trade, vad?

[14:28] {Threei} no

[14:28] {Threei} unless market starts dropping like crazy

[14:28] {strider} dino, you still in STLD?

[14:28] {nemo} could be a long brak of .60 also if volume picks up

[14:29] {dino} fsys

[14:29] {dino} never had stld, ese i think

[14:30] {strider} thx

[14:30] {dino} np

[14:30] {dino} still in pru thats all

[14:30] {Threei} (US) House passes financial regulatory overhaul bill, as expected; House approves removal of Fed sheild from interest rate audits

[14:30] {Threei} - Bill would establish the Consumer Financial Protection Agency

[14:30] {Threei} - Tightens rules for derivatives trading.

[14:30] {Threei} - US Senate is not expected to address the bill until next year.

[14:31] {nemo} well I gotta' go, have a nice weekend all

[14:31] {larisa} bye nemo

[14:31] {ilana} bye nemo

[14:31] {dino} cya nemo

[14:33] {strider} vad, stop for ABX?

[14:33] {Threei} above .70

[14:33] {Threei} there is less sound resistance at .65, for extreme scalpers it can be used for a scalp type I

[14:37] {ilana} FCX

[14:37] {dino} out pru .52, +.27 hours

[14:41] {Threei} CAT reacted on market

[14:42] {Threei} nemo will be crying

[14:42] {ilana} i do too, out .54

[14:43] {strider} abx ain't falling

[14:43] {ilana} should go long now CAT?

[14:43] {ilana} oops

[14:47] {ilana} ABX db .65 break?

[14:47] {Threei} nah

[14:47] {Threei} I don't se market as bullish from here

[14:48] {strider} are you short abx, vad?

[14:48] {Threei} not anymore

[14:48] {Threei} took big lot, vored half at 1:1 and got stopped on second half

[14:48] {Threei} scalp type I for the first half

[14:49] {Threei} vored?

[14:49] {Threei} covered

[14:54] {dino} trit ave .40 hl l

[14:59] {Threei} (US) Senate Majority Leader Reid: Chinese currency is one of the world's most serious economic problems (related USD/CNY )

[14:59] {Threei} there

[15:00] {Threei} it's all china's fault

[15:01] {dino} i worry on that one. be careful for what you wish

[15:02] {Threei} yeah... it looks more and more like situation into which you better don't get, but once you did - there is just no good solution

[15:22] {Raven} better don't get ...

[15:23] {Threei} did I wake you up?

[15:23] {Threei} sorry... didn't mean to

[15:23] {Raven} sort of

[15:23] {Threei} it's nemo's fault

[15:23] {Raven} nemo MIA

[15:24] {Threei} that;s why it's his fault

[15:24] {Threei} he can't defend himself

[15:24] {Raven} I know ... and cosmo's too

[15:24] {Threei} oh yeah

[15:24] {Threei} when is traveller back?

[15:24] {Raven} soon

[15:28] {Threei} I think it's safe to say that remaining 35 minutes will not fix what seems to be the worst week of the second half of the year

[15:29] {Raven} even the weather was lousy

[15:29] {Threei} lol, true

[15:29] {dino} zzzzzzzzzzzzzzzzz

[15:30] {Threei} more or less decent monday, losing tuesday, nice wed, losing thursday, barely even to slightly negative today

[15:30] {dino} cold here, 10 degrees f this a.m.

[15:30] {Threei} and only thanks to that CAT trade

[15:31] {dino} question, is everybody trading from their homes?

[15:31] {patience} my keyboard say ye

[15:31] {patience} s

[15:31] {Raven} same here dino with a foot of snow

[15:31] {dino} 7" snow here

[15:31] {Threei} I used to have downtown office first years

[15:32] {Threei} happily dumped it and moved home

[15:32] {dino} i can understand that

[15:32] {dino} i have tenant on 1st floor, covers expenses

[15:33] {Raven} but you are overhead then

[15:33] {dino} yes, sometimes tho, i think when r.e. prices come back, i could sell and trade from home

[15:34] {Raven} but you would miss magoo

[15:34] {dino} hardly

[15:34] {Raven} rofl

[15:34] {dino} he's cranky

[15:35] {dino} my sister just bought a pub and offered 2nd floor to me, but not sure thats a good idea

[15:36] {Raven} unlimited Schlitz

[15:36] {dino} darn pru, hold it all day, starts to drop, cut it and it runs

[15:37] {patience} nope, you would start sleeping at the office

[15:37] {dino} that may be the problem, lol

[15:37] {dino} strider you still in titn?

[15:37] {strider} no

[15:38] {dino} nor i

[15:49] {strider} so long folks...see you next week.

[15:49] {Threei} what?

[15:49] {Threei} 11 minutes of pain and suiffering left

[15:49] {Threei} suffer with us

[15:49] {dino} fdx gap filling

[15:50] {strider} I got a whole weekend to feel lousy about this past week. Might as well get started as soon as possible.

[15:50] {Threei} not a good idea

[15:50] {Threei} weekedn is for clearing the head

[15:50] {dino} bury the dead strider

[15:51] {Threei} not for prolonged suffering

[15:51] {strider} yeah. :)

[15:51] {dino} as livermoore would say; a loss never bothers me after i take it

[15:51] {Threei} you want it to be a crreer, learn to start clean slate every morning

[15:51] {Threei} not dragging baggage with you

[15:52] {strider} But only if things change from one day to the next.......I'm not quite sure how to do that now.

[15:52] {Threei} yesterday can't be changed but can be rectified tomorrow

[15:52] {Threei} ummm

[15:52] {Threei} you know what

[15:53] {Threei} talk to those who got over the hump relatively recently

[15:53] {Threei} ask them one question:

[15:53] {Threei} how long did it take?

[15:53] {Threei} you will not find anyone answering in terms of weeks

[15:53] {Threei} or couple months

[15:53] {Threei} nemo

[15:53] {Threei} ese

[15:54] {Threei} and heck, this week was admittedly tough for anyone

[15:54] {Threei} and I know why

[15:54] {Threei} look what we had every day:

[15:54] {Threei} gap,

[15:54] {Threei} fast, almost hystercial action at the open

[15:55] {Threei} which is not soething really tradeable

[15:55] {Threei} then whole day of nothing

[15:55] {Threei} and whole range for the day is quite narrow, even with morning spike

[15:55] {strider} My biggest problem these days is if I start off with a big slippage loss...which I seem to do. From that point on, there's already no way to get back to b/e

[15:56] {Threei} don't start with fast stocks then

[15:56] {strider} I'm pretty dependent on your calls....and that's largely what you trade.

[15:57] {Threei} we have all kinds of stocks and calls

[15:57] {Threei} and hardly anyone in the room trades all of them

[15:57] {Threei} everyone picks what is to their liking

[15:58] {dino} find "your" edge

[15:58] {strider} It has seemed to me that when I pick and choose among the calls, I end up with the losers:)

[15:58] {Threei} see, it all comes to what dino said

[15:58] {Threei} finsding what's yours

[15:58] {strider} Your system is basedd on all your calls...right?

[15:58] {Threei} umm

[15:58] {Threei} ratjer other way around

[15:59] {strider} I mean you're dealing with probabilities....

[15:59] {Threei} yes

[15:59] {dino} everybody is

[15:59] {Threei} but there are individual variations

[15:59] {dino} w/o "edge" it's a coin flip

[15:59] {Threei} read the chapter in TR about science vs art

[16:00] {Threei} TTR

[16:00] {strider} I know. That's the trick, isn't it? To have an edge. But if you don't have an edge......

[16:00] {strider} It's kind of like Steve Martin's joke about how to get a million dollars and never have to pay taxes.

[16:01] {strider} First, you get a million dollars...

[16:01] {strider} then, don't pay taxes.

[16:01] {larisa} lol

[16:01] {strider} Sorry guys, I'm just in a funk right now.

[16:01] {strider} I really don't know how to make things different come monday morning.

[16:02] {Threei} let's start with clearning your head, OK?

[16:02] {strider} k

[16:02] {Threei} then when you feel you can think straight, do this

[16:02] {Threei} go over your trades,

[16:03] {dino} strider, hang in a bit longer. soon something will start jumping out at you. that will be your edge.

[16:03] {Threei} pick separately those losing ones that really caused most harm

[16:03] {Threei} and find what is common between them

[16:03] {Threei} Like fast thin stocks

[16:03] {Threei} or some else critria

[16:03] {Threei} and eliminate those from your trading

[16:04] {Threei} At least for now

[16:04] {Threei} do the same with winning ones

[16:04] {strider} The problem is still execution, Ii think.

[16:04] {strider} For instance, that first GLD trade this morning.

[16:04] {Threei} try to find what is common between them

[16:04] {strider} You made money on it.

[16:04] {Threei} maybe certain setup

[16:04] {strider} I stopped out....

[16:04] {strider} because I wasn't fast enough to get the 1:1

[16:04] {Threei} OK, so skip these husterically fast ones

[16:04] {strider} ok

[16:05] {Threei} after you do such round of reviews

[16:05] {Threei} you'll decide on a certain selection

[16:05] {Threei} this kind of calls you skip, this you take

[16:05] {Threei} view my calls as menu in a restaurant

[16:05] {Threei} you don't order everything, right?

[16:06] {Threei} and you can't expect me to cook only what you like

[16:06] {Threei} because magoo comes and orders somerthing very different

[16:06] {strider} i know that.....

[16:06] {Threei} and dino drags in his own BBQ

[16:06] {larisa} have a good weekend people :)

[16:06] {Threei} and stinks up the joint with hickory smoke

[16:06] {Threei} take care larisa :)

[16:07] {strider} But my trades are essentially your trades....with a few of dino's thrown in.

[16:07] {Threei} so here is the first step to your problem!

[16:07] {strider} I lose on a surprising number of yours that you make money on.

[16:07] {Threei} you are trying to emulate me and dino

[16:07] {strider} the ABX short.

[16:07] {dino} cya lari

[16:07] {Threei} but your style, character, risk toleranxce profit objectives are not the same

[16:07] {strider} Well, yes I am trying to emulate you.

[16:08] {dino} stider, my ave is roughly 66%

[16:08] {Threei} what will work for you is:

[16:08] {dino} pick and choose will kill you

[16:08] {Threei} YOUR trading style formed as variation of mine or dino's or magoo's or combination of a few, with your own twist

[16:08] {Threei} look what ese does,

[16:08] {Threei} not much in common with what I do

[16:08] {Threei} or magoo does

[16:08] {Threei} or dino

[16:09] {Threei} look at fern's trades

[16:09] {Threei} his style is distinctively ddifferent from mine

[16:09] {strider} yeah...I can describe each of their trade types.

[16:09] {Threei} there you go

[16:09] {Threei} see the direction now?

[16:10] {Threei} watch all these trades,

[16:10] {Threei} try them,

[16:10] {strider} yes.

[16:10] {Threei} see what you are comfortable with,

[16:10] {Threei} make them your wn,

[16:10] {Threei} add something that you find and feel good about and stats show it works for you

[16:10] {Threei} blind emulation will not work

[16:10] {Threei} if it did, why would I teach anyone

[16:11] {Threei} I would simply call and everyone would follow

[16:11] {Threei} but that's not the point of the room

[16:11] {Threei} or at least not the main point

[16:11] {Threei} reread this all a few times over the weekend

[16:12] {Threei} it will nudge you in the right direction

[16:12] {strider} k

[16:12] {Threei} just don't stand still

[16:12] {Threei} repeating what doesn't work

[16:12] {Threei} and expecting that somehow it suddenly will

[16:12] {strider} yeah. I can't do that. the sign of psychois, right.

[16:12] {strider} :)

[16:13] {Threei} per Einstein, yes :)

[16:13] {strider} Thanks, vad.

[16:13] {strider} And dino.

[16:13] {Threei} "ulitimate definition of insanity is doing the same thing and expecting different results"

[16:14] {Threei} take care guys, see you on Monday

[16:14] {strider} see ya.

[16:14] {dino} gl

Dec 10 2009

One of those days when you don't know why you bothered to wake up - empty and listless.

Session Time: Thu Dec 10 00:00:00 2009

[08:14] {Threei} US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:14] {Threei} - Expectations for initial claims are 455K v prior release of 457K (range seen from 380K to 490K)

[08:14] {Threei} - Continuing claims seen at 5.450M v prior 5.465M (range seen from 5.300M to 5.500M)

[08:14] {Threei} US) Preview:Oct Trade Balance due out at 8:30amET (13:30 GMT)

[08:14] {Threei} **consensus expectation: -$36.8Be v -$36.5B prior (range of analyst estimates seen from -$41.3B to -$32.0B)

[08:14] {Threei} ***Note: The 18+% m/m widening in Sept in the deficit grew at the fastest pace since early 1999.

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 474K V 455KE

[08:30] {Threei} CONTINUING CLAIMS: 5.157M V 5.450ME

[08:30] {Threei} US) OCT TRADE BALANCE: -$32.9B V -$36.8BE

[08:32] {nemo} market shook that off

[08:32] {Threei} trade balance is better... jobs are worse...

[08:37] {fernp} Good morning everybody

[08:37] {Threei} fern :)

[08:37] {nemo} Hola fern...ty for the vocabulary lesson

[08:38] {nemo} oh...Vad....funny edits on the log last night

[08:39] {nemo} Who'da thunk you would have to edit Raven

[08:39] {Les} not cool. didn't even get to read what Raven said.

[08:40] {Les} GM :)

[08:40] {Threei} :)

[08:40] {Threei} Les :)

[08:40] {nemo} he made some freudian slip that utilized a derogatory reference to women in the oldest profession

[08:44] {nemo} fcx holding strong even in index retracement

[08:45] {Les} happy day today? futures up, FCX/CAT/WFC up... GOLD down, $ consolidating. curious to see how we open

[08:49] {Threei} MAGS Selling European subsidiary

[08:49] {Threei} - Has sold its European subsidiary which it acquired in September 2007.

[08:49] {nemo} and he said he was out plowing

[08:50] {Threei} when in fact he was just drinking away proceeds of subsidiary sale

[08:50] {Threei} les was suspiciously absent at the same time too

[08:50] {Threei} so maybe he was a buyer

[08:57] {fernp} de nada nemo, was a pleasure :-)

[09:00] {ese} morning

[09:00] {nemo} dude

[09:00] {Threei} ese :)

[09:00] {fernp} ese

[09:00] {ese} vad dude fern

[09:00] {strider} morning everyone.......

[09:01] {fernp} strider

06[09:01] * nemo slaps strider around a bit with a large trout

[09:01] {Threei} strider :)

[09:01] {ese} st

[09:01] {strider} Vad, where do you find these people (nemo)?

[09:02] {nemo} the gutter

[09:02] {Threei} I seem to be a maget for dubious characters

[09:02] {Les} Hey Vad just finished watching Star Trek...

[09:02] {Threei} hmm?

[09:02] {nemo} I had just been released from Folsom for a triple murder, judge decided I was insane at the time so couldn't be convicted

[09:02] {Les} Tchekov, the young ensign shouts something in Russian when he manages to pull Kirk and Spock on board

[09:02] {Threei} did I recommend it?? :)

[09:02] {strider} At least not Dubai-ous characters.

[09:02] {Threei} oh

[09:03] {Les} oy voy?

[09:03] {Les} or something like that?

[09:03] {Threei} no idea, I never saw it

[09:03] {Les} really? cool film

[09:03] {strider} Failed bar mitzvah, Les?

[09:03] {nemo} yes...they did a good job with it

[09:03] {Les} up there with new Batman franchise

[09:04] {nemo} look at pattern rimm forming this morning

[09:04] {Les} how? you have chart showing pre market?

[09:04] {Les} or just monitoring prices?

[09:05] {Threei} chart starting from 8 am

[09:05] {Les} Laser?

[09:05] {Threei} yeah

[09:05] {nemo} yes, and on IB it should start even earlier

[09:06] {Les} foun it

[09:06] {Les} found

[09:07] {ese} cien beats q and rev's

[09:07] {strider} STLD drop

[09:08] {ese} and dn .45

[09:08] {Threei} 30% Say World Headed for Catastrophe If UN Fails To Act on Global Warming

[09:08] {nemo} maybe humanity is but the world will be fine

[09:08] {Threei} and

[09:08] {Threei} 30% Say U.S. Heading In Right Direction

[09:08] {Threei} finally some consistency in tracking the idiots

[09:08] {nemo} same 30%

[09:09] {Les} what? have enough recessions to starve people of energy and consumption requirements?

[09:09] {ese} it's a casterated now........oh sorry wrong wordd catastrophe

[09:09] {strider} (where am I going, and why am I in this handbasket?)

[09:09] {nemo} strider....did you take your meds?

[09:10] {strider} don't need no stinkin' meds.......I can fly.....I can fly....

[09:10] {nemo} oh oh

[09:10] {ese} stld guides dn eh....hmmmmmmmm

[09:11] {strider} ese's starting to drool.

[09:12] {nemo} strider...it's like you've been here for years

[09:12] {ese} it's kinda in breakout territory

[09:13] {ese} 18.56 to be exact

[09:13] {strider} nemo...is that a good thing?

[09:14] {strider} ...or an insult.?

[09:14] {nemo} it is what it is...good is in the eye of the beholder

[09:14] {strider} " Steel Dynamics volatility near two year lows "

[09:15] {Threei} jmb, look your e-mail please

[09:16] {larisa} gm all

[09:16] {Threei} larisa :)

[09:16] {Les} afternoon larisa

[09:17] {larisa} vad, les :)

[09:18] {dino} gm all

[09:19] {Threei} dino :)

[09:19] {strider} morning, larisa, dino.

[09:19] {nemo} haroo

[09:20] {Raven} unbelievable

[09:20] {nemo} huh?

[09:20] {Threei} what is?

[09:20] {Raven} this room

[09:20] {strider} Yeah, nemo's pretty unbelieveable.

[09:20] {nemo} yes...and you keep coming back

[09:20] {Raven} you keep reminding me of that

[09:21] {Threei} hey, I think I did rather good job on the end of day log

[09:21] {Raven} I can't look

[09:21] {Threei} why?

[09:21] {nemo} so, it's either the bad highway accident affect, or something deep, dark...rooted in your psyche....is your middle name Norman?

[09:21] {ese} me thinks that stld at some point today is going to make a run for it

[09:21] {nemo} north or south ese?

[09:22] {ese} north

[09:23] {strider} watching anything, vad?

[09:23] {Threei} nothing outstanding

[09:23] {Threei} just usual suspects

[09:23] {lasertrev} morning

[09:24] {Threei} trev :)

[09:24] {fernp} trev

[09:24] {nemo} oy, wish I had looked at gld 5 minutes ago...look at the volume divergence

[09:24] {nemo} THAT! was a textbook short

[09:24] {Les} I was looking 5 mins. ago

[09:24] {nemo} why didn't you say anything?

[09:25] {Les} dropped into trigger

[09:25] {Les} I was looking as it sailed past .80 I think

[09:25] {nemo} O.K. then, we'll blame that one on you

[09:26] {Les} didn't have time to pull the trigger

[09:26] {Les} let alone make a call

[09:27] {dino} es steels were good yesterday

[09:27] {nemo} Yeah, so...what's that got to do with shifting the blame to someone else for capricious and shallow reasoning

[09:27] {Les} sorry, my bad

[09:27] {dino} i saw your survey, 30%, what about the majority

[09:31] {ese} l stld .26

[09:31] {nemo} wow, that's the most sedate opening minute in fcx in a long time

[09:31] {Threei} AKNS

[09:31] {Threei} Akeena Solar Inc Select Lowe's stores in California to offer Akeena solar panels

[09:31] {Threei} - Co states that for the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc, a leading installer and manufacturer of solar power systems.

[09:32] {nemo} rimm momo again

[09:34] {ese} l stld avg .18

[09:35] {Threei} Long Setup: AKNS .70 if stays above .60

[09:36] {Threei} Long Setup: BRCM .50

[09:36] {Threei} if stays above .40

[09:37] {nemo} break of or .50

[09:37] {Threei} metldown

[09:38] {Threei} RIMM, long on pullback, hopefully under 65

[09:39] {ese} hmmmmm hopefully won't regret this...am hangin on to stld...had 420.00 in my pocket

06[09:39] * nemo slaps magoo around a bit with a large trout

[09:39] {magoo} morn

[09:40] {Threei} mags :)

[09:40] {strider} in BRCM

[09:41] {Threei} a bit too soon

[09:41] {nemo} oy, look at all those offers at .50

[09:41] {Threei} there are big offers, why be a first buyer?

[09:41] {Threei} [09:37] {nemo} break of or .50

[09:41] {Threei} [09:37] {Threei} metldown

[09:41] {Threei} wait foer them to get hit, grab as they start scrolling fast

[09:42] {strider} out. -.03

[09:42] {nemo} ahhh...impetuous youth

[09:42] {ese} out stld .38

[09:43] {ese} +.20

[09:43] {Les} stld b/o

[09:43] {ese} i think so but i'm happy with my 850.00

[09:44] {fernp} gj ese

[09:44] {Les} kaching

[09:44] {ese} tks

[09:46] {nemo} DG tanked, where's dino

[09:47] {magoo} dino looks for like 3 points down

[09:47] {strider} RIMM still good?

[09:47] {strider} hmmm

[09:48] {Threei} 65 break

[09:48] {ese} stld?

[09:49] {Threei} invalidated

[09:49] {nemo} .68 is 200 ma

[09:49] {magoo} look for the bounce vad RIMM

[09:49] {Threei} ??

[09:49] {Threei} what was I just talking about?

[09:49] {Threei} [09:47] {strider} RIMM still good?

[09:49] {Threei} [09:47] {strider} hmmm

[09:49] {Threei} [09:48] {Threei} 65 break

[09:50] {magoo} im talking after the invalid

[09:50] {nemo} wow, it bounced right at support

[09:50] {magoo} AAPL 2 pt tank

[09:50] {Threei} ENER Hearing strength being attributed to renewed takeover chatter (11.13, +0.60, 5.70%)

[09:50] {Threei} BRCM holding right under high

[09:51] {strider} is RIMM invalid or not?

[09:51] {Threei} [09:49] {Threei} invalidated

[09:51] {Threei} [09:49] {nemo} .68 is 200 ma

[09:51] {magoo} invalid

[09:52] {magoo} i was looking for bounce down here somewhere

[09:52] {Threei} .70 break

[09:52] {Threei} stop under .60

[09:53] {strider} stoppeedd

[09:54] {Les} put rimm aside a moment. 2 for 2 stopped on me now

[09:54] {Threei} what was first?

[09:54] {fernp} Have you seen ECA, dino? big gap down

[09:55] {nemo} cat support .90

[09:56] {dino} eca spilt

[09:56] {nemo} spilt what?

[09:57] {strider} BRCM back.

[09:57] {Les} b/d of .75, 9:49. The green ticker that bounced. 2 ticks too early

[09:57] {dino} 2 companies

[09:58] {nemo} wow, that was quite the stop slam on brcm

[09:59] {Threei} BRCM with any market help feels like aiming for 32

[09:59] {strider} entry on pb?

[10:00] {Threei} stop will have to be under .35

[10:00] {strider} I'll wait.

[10:02] {nemo} wow, rimm

[10:03] {nemo} pivot is 63.50

[10:03] {dino} gef, pnnw, oxm

[10:06] {dino} rino

[10:06] {Les} CAT

[10:08] {Threei} (US) Treasury Sec Geithner: Reiterates that financial recovery faces significant headwinds, housing markets are dependent on govt support

[10:08] {Threei} - TARP has reached its primary goal, still has a role to play in maintaining financial stability.

[10:08] {Threei} - Unlikely to see investments in AIG or auto companies paid back.

[10:08] {ese} vad do you use limit fills or market fills more

[10:08] {Threei} limits

[10:09] {ese} ok......i must be judging price movement wrong when i use limits

[10:09] {Threei} put limit price beyond current by a few cents

[10:09] {Threei} as far as you are willing to chase

[10:10] {ese} ahhhh ok i wanted to grab .10 in stld here at .35...or rather a few moments ago....and didn't get it

[10:11] {Les} FCX

[10:11] {dino} uup goes green

[10:12] {nemo} thisa no goowwd for a stocka

[10:12] {nemo} (said in sicilian accent)

[10:12] {magoo} i know its early vad, but.............

06[10:12] * magoo slaps nemo around a bit with a large trout

[10:12] {nemo} awiav

[10:12] {nemo} I got you when you came through the door this morning

[10:12] {ese} uup goes up stocks go dn dino....is that right

[10:12] {nemo} might have bear flag on apple

[10:13] {nemo} yes ese

[10:13] {dino} gef hl l .25

[10:13] {ese} tks

[10:13] {dino} stop .96

[10:13] {Threei} I wouldn't bet on this pattern holding for long

[10:13] {Threei} feels to me they'll decouple soon enough

[10:13] {fernp} LEN dbi, Vad?

[10:13] {Threei} pretty much

[10:13] {Threei} daily looks nice for short too

[10:14] {nemo} len

[10:14] {nemo} sorry

[10:14] {strider} AMZN c&h

[10:14] {fernp} .74 short w/stop above .81?

[10:14] {Threei} or above .85

[10:14] {nemo} big stop strider

[10:15] {strider} yep

[10:15] {fernp} ty

[10:15] {dino} $ moving up

[10:18] {Threei} not much to trade this morning

[10:18] {Les} short fcx .05 , .25 stop

[10:18] {fernp} AIG breakdown?

[10:19] {Threei} hmm

[10:19] {Threei} rather bounce

[10:19] {nemo} nice les

[10:19] {Threei} .70 break if holding .60

[10:19] {fernp} ok

[10:19] {Les} out + .16. impossible to concentrate with kids homework

[10:20] {dino} gj

[10:20] {Threei} market drop can take AIG lower, but volume is not very right for short

[10:20] {fernp} yeah, seems db

[10:21] {dino} scanners solid red

[10:22] {Les} crap. bought instead of selling. can't trade now. later.

[10:23] {Threei} look at AIG

[10:23] {fernp} y

[10:23] {Threei} would be a perfect trap on a short side

[10:23] {Threei} that dive was too fast to profit from

[10:23] {fernp} true

[10:23] {Threei} and now break of .70 would have trapped short

[10:24] {dino} stop on gef to .54

[10:24] {ilana} how did you know it would go up?

[10:24] {ilana} aig

[10:25] {dino} expect slippage if hits

[10:25] {magoo} experience

[10:25] {Threei} [10:20] {Threei} market drop can take AIG lower, but volume is not very right for short

[10:25] {dino} make it .62

[10:25] {Threei} volume on second test opf the bottom was much lower than on first

[10:25] {Threei} it bodes for double bottom and bounce better than for breakdown

[10:25] {dino} to .65

[10:25] {strider} NKBP opens in 15 min. IPO

[10:26] {ilana} got ya

[10:27] {dino} to .75

[10:27] {fernp} stopped LEN

[10:28] {dino} half out .87, +.62

[10:28] {ilana} nice dino

[10:28] {fernp} gj dino

[10:28] {dino} .79 stop remaining

[10:29] {dino} out

[10:29] {dino} slip, +.50

[10:29] {dino} ty

[10:29] {ese} be back in 20

[10:31] {Threei} WFC losing ground

[10:31] {Threei} can't find decent short entry on it for days

[10:32] {ilana} RIMM

[10:33] {strider} HXL upgrade

[10:34] {ilana} thin..

[10:34] {strider} yep

[10:35] {strider} h&s daily WFC

[10:36] {dino} rino, gef

[10:37] {fernp} AET hod

[10:38] {fernp} and C&H on daily

[10:40] {Threei} and public option is all but dead

[10:40] {strider} NKBP, chinese bio IPO, priced at 9.00...opening in few sec.

[10:40] {dino} rino hl l ..85

[10:41] {dino} wicked

[10:41] {magoo} im trying to short ipo at 9999

[10:41] {dino} stop is break of lod

[10:41] {dino} gappy

[10:42] {fernp} BRCM hod

[10:42] {Threei} C Reportedly unclear whether any deal is close between Citigroup and the US Govt; yet Citigroup planning a $15B equity offering - unconfirmed report

[10:42] {ese} back

[10:46] {Threei} not very enthusiastic IPO

[10:47] {Threei} (IA) French UN Envoy: There are no reasons to delay new sanctions on Iran over the nuclear program any longer

[10:47] {ese} "C" is the head of intelligence for British Secret Service.......just what exactly does he/she know about equity offerings ehhhhh?

[10:47] {Threei} I thought it was M?

[10:47] {dino} q

[10:47] {fernp} NKBP daily chart is fantastic :-)

[10:48] {Threei} Q was equipment guy

[10:48] {ese} not if you watch "The Sandbaggers"

[10:48] {Threei} clean slate fern :)

[10:49] {Les} FCX again

[10:49] {Les} b/d

[10:50] {Threei} actually... NKBP gains some strength

[10:51] {Les} ok out FCX +.16

[10:51] {Threei} IPO is IPO, they are all werid... but break of .40 could start something

[10:51] {Les} we playin an ipo?

[10:52] {ese} you short that little move les

[10:52] {Les} y. setups coming loud and clear in fcx today

[10:52] {ese} nice one

[10:54] {dino} gj

[10:55] {ese} where were you in les? .00 cover at .84?

[10:55] {ese} trying to get the hang of shorting

[10:55] {dino} pnnw a bit wide

[10:55] {dino} oxm app hod

[10:55] {magoo} ipo should take 9

[10:55] {magoo} in .37

[10:56] {dino} 25 strike in play oxm, imo

[10:56] {ese} a BIT wide......almost .30 cents at one point

[10:57] {magoo} ese, a hooker spread?

[10:57] {ese} lol

[10:57] {Threei} anyone went for NKBP, offer half at .70

[10:57] {magoo} [10:56] {magoo} in .37

[10:57] {dino} gut says big move up

[10:57] {ese} still watching stld here

[10:57] {Threei} I mean anyone sane

[10:57] {Threei} you I am sure went for it, not even asking

[10:58] {ilana} RIMM - third breakout worked

[10:59] {Threei} mags, I am out at .69

[10:59] {Threei} too stubborn for me

[10:59] {magoo} ok

[10:59] {magoo} nice fill

[11:00] {magoo} entry was?

[11:00] {Threei} .35

[11:00] {Les} yeh .00 trigger but with limit price catching buy at .96. out .85. sorry only .+09. I'm all over the place today

[11:00] {Threei} but I am out in full

[11:01] {Threei} I like it but IPOs arfe often too hard to stomach

[11:01] {Threei} and it's a bit weird

[11:01] {Threei} even for IPO

[11:02] {Les} taken another short trigger at .77

[11:03] {dino} les liking the dark side

[11:04] {Les} out at .70 and .62

[11:04] {dino} gj

[11:04] {ilana} gj Les

[11:04] {Les} not exactly 1:1, but any quick jobs that can be found in between looking after kids

[11:04] {Les} I'll take them

[11:05] {dino} i may be your edge

[11:05] {magoo} f'in RIMM...we need to stay on it

[11:05] {Les} still waiting for the big drop in fcx

[11:06] {dino} rimm=random, intense, market moves

[11:06] {strider} Trev, dcc.

[11:06] {ilana} RIMM - looks like .65 was important break on daily?

[11:06] {ilana} 65

[11:08] {ese} waiting for the capitulation volume spike as per vads book p.171 for stld.........caaaaaaaamon

[11:08] {Les} took it again at .63. think I'll hold and see if it can go a little longer

[11:08] {ilana} on what ese?

[11:09] {magoo} les, which?

[11:09] {Les} fcx

[11:09] {magoo} sh or long?

[11:09] {Les} short mate short

[11:10] {fernp} what is your stop Les? above .80?

[11:10] {strider} UUP c&h

[11:10] {strider} very narrow

[11:11] {Les} going with .75. .63 entry is a small chase of .65 trigger. but fearful of bounce I will keep it on tight leash

[11:11] {ese} stld ilana

[11:11] {ese} i min chart

[11:12] {ese} 1min

[11:12] {fernp} out AET +.13 first trade that works for me today

[11:13] {Les} ok out .33 +.30. that helps fill the stop losses from opening

[11:13] {strider} The 'boing' for chatroom in irc not working consistently...anyone else have trouble with that?

[11:14] {Threei} boing?

[11:14] {fernp} what is that?

[11:14] {strider} option for a sound when someone posts.

[11:14] {fernp} write setup Vad, pls

[11:15] {Threei} setup

[11:15] {fernp} fine here

[11:15] {strider} Tools.Options}sounds

[11:16] {strider} Vad, say something.

[11:16] {larisa} no, right click on the nick, info, highlight

[11:17] {strider} dodn't see info.

[11:17] {strider} don't

[11:17] {magoo} les, u nailed tht sh

[11:17] {magoo} but itook .37 long

[11:17] {nemo} why mags?

[11:17] {larisa} first is info, last is slap

03[11:18] * Looking up magoo user info...

[11:18] {strider} first is whois here

[11:18] {Threei} depending on mirc version it could be: Ucentral, Hihglight

[11:18] {strider} STEM

06[11:19] * magoo slaps strider around a bit with a large trout

[11:21] {Les} yeh mags, who knew that vad was right all these years? price and volume tells the story

[11:22] {nemo} ahhh....alot of people

[11:22] {strider} : Stem-cell transplant regimen reversed sickle cell disease, NIH reports

[11:22] {strider} A modified blood adult stem-cell transplant regimen has effectively reversed sickle cell disease in 9 of 10 adults who had been severely affected by the disease, according to results of a National Institutes of Health study in the Devrmbrt 10 issue of the New England Journal of Medicine. The

[11:25] {dino} rino stopped -.20

[11:26] {ese} L stld .11

[11:27] {strider} Vad, where is the option for sound in Ucentral?

[11:27] {ese} there she be the ole volume spike

[11:27] {Threei} tab Highlight

[11:29] {strider} Let's see....where's the ignore nemo tab?

[11:29] {nemo} nice one

[11:29] {nemo} I wish I had one of those

[11:29] {larisa} you can ignore any user you want actually

[11:30] {Threei} can you ignore yousrelf?

[11:30] {strider} users yes, but abusers?

[11:30] {nemo} wow....I'm hurt

[11:30] {larisa} yes vad, just type with eyes closed

06[11:31] * strider slaps strider around a bit with a large gauze bandage.

[11:31] {Threei} how do you think I am typing now?

[11:31] {larisa} with elbows ?

[11:31] {Threei} sometimes, when not with knees

[11:32] {fernp} VLO .56, Vad?

[11:32] {Threei} I think so

[11:32] {Threei} just a scalp though

[11:32] {nemo} aig snuck one by

[11:32] {fernp} thanks

[11:33] {nemo} look at aig on 15 minute hart

[11:33] {nemo} chart

[11:34] {Threei} US House Speaker Pelosi: Hopeful to pass legislation on small business and infrastructure improvements next week

[11:34] {Threei} - legislation also takes aim at preventing public safety layoffs

[11:34] {Threei} - highlights that the debt limit increase will be included in the defense bill expected next week

[11:34] {ilana} FCX .60 b/d?

[11:35] {Threei} mrket doesn't feel weak to me

[11:35] {Threei} rather preparing another sneaky rally

[11:36] {strider} STEM .44?

[11:36] {Threei} I seriously doubt STEM

[11:36] {strider} Seemed like really big news.

[11:36] {ese} stem the tide.......yuk yuk yuk

[11:36] {Threei} this thing is good for a few minutes while momo is fresh

[11:36] {Threei} it always has big news

[11:36] {Threei} and never goes anywhere

[11:37] {Threei} STEM, ASTM, KOOL

[11:37] {Threei} same breed

[11:37] {Threei} saviors of humanity

[11:38] {Threei} anyone remembers how first hype of GERN was titled, back in 1998?

[11:38] {Threei} "fountain of youth"

[11:41] {strider} dino, say something.

[11:42] {larisa} oh oh he is putting dino on ignore :)

[11:42] {Threei} well, he is done with me, with nemo

[11:42] {strider} trying to paint him orange...for extreme danger.

[11:43] {Threei} who is next if not dino

[11:43] {nemo} rimm is just in slow accumulation mode

[11:43] {dino} something

[11:43] {strider} well, that didn't work

[11:44] {strider} yyou're still black.

03[11:44] * Looking up strider user info...

[11:44] {strider} Not that there's anything wrong with that.

[11:44] {Threei} did you check the box Enable highlight?

[11:45] {fernp} out VLO 1:1

[11:45] {dino} fdx gap fill

[11:45] {Threei} jmb, admin asked to ask you to check e-mail

[11:45] {Threei} please do or he will nag me

[11:45] {strider} Yeah, vad...it won't let me click OK and exit...have to cancel to close box.

[11:45] {jmb} will do

[11:45] {Threei} strider... what??

[11:46] {Threei} if you cancel, changes you made are not registered

[11:47] {strider} OK...now maybe works.

[11:48] {strider} :)

[11:48] {Threei} Statue of Young Obama Unveiled in Indonesia

[11:49] {Threei} see you in two weeks

[11:49] {Threei} should be able to return from Indonesia till then

[11:50] {dino} pgm 5 day crush-o-la

[11:51] {nemo} pru at interesting spot

[11:51] {ese} *&^UYT and further more(*&^%hg_)L.....and I also feel (*&IUYLK&^%^% and so on that *(&&^%YTjh$#...and that about sums it up ^%$HFKJHG

[11:52] {Threei} now tell us how you really feel

06[11:52] * nemo slaps ese around a bit with a large bottle of prozac

[11:52] {Threei} and don't hold back this time, OK?

[11:52] {ese} I'll try

[11:53] {nemo} if pru drops below .77 could go t o.37

[11:53] {ese} ouuuu .90's the stop for my stld position.......that was close

[11:53] {magoo} vad PLEASE get on RIMM all day

[11:54] {ese} what am i saying...still is close

[11:54] {nemo} rimm just broke trend

[11:55] {magoo} i dnt care short or long..its only game in town

[11:56] {ese} vad more advice please.......waited for the volume spike stld......what else could i have been looking for

[11:56] {Threei} not exactly true

[11:56] {Threei} AMZN is moving well too

[11:57] {nemo} cat gave a nice short at 57.06

[11:57] {ese} at 11:25 am

[11:57] {Threei} sorry ese, not sure I understood the question

[11:57] {Threei} waited for what?

[11:57] {ese} usually spike is an indicator of trend completion

[11:58] {Threei} if it comes with sharp vertical price movement

[11:58] {ese} maybe wait for higher low i guess

[11:58] {Threei} that one was in the middle of nowhere, preice stalled

[11:58] {Threei} and no any kind of chart formation

[11:58] {ese} ok this didn't have that

[11:58] {Threei} just aimless wandering back and forth

[11:58] {Threei} that was kinf od random entry

[11:58] {ese} hmmmmmm yes ture the more i look at it

[11:59] {ese} true

[11:59] {Threei} mags

[11:59] {Threei} short .50 break

[11:59] {dino} rino rinsed

[11:59] {ese} ok.......i don't play these much.....live and learn

[11:59] {Threei} hmmm... almost no consolidation

[12:00] {nemo} 123 important level for pot

[12:00] {Threei} hoped it would spend couple minutes above .50 before losing it

[12:01] {nemo} lunch time Vad

[12:03] {ese} buggar stld....rinsed....ala stopped

[12:05] {Threei} did you know there was an globalk warming ETF?

[12:05] {Threei} I just found out, never heard of that

[12:06] {Threei} symbol is GRN

[12:06] {Threei} overwhelming volume

[12:06] {nemo} underwhelming sense of humor

[12:07] {strider} but all in all, whelmed.

06[12:07] * Threei slaps nemo around a bit with a large volume titled The Giant Book of Insutls

[12:07] {nemo} mmmhhhhh....I'm speechless

[12:07] {nemo} Who do you think wrote it?

[12:07] {fernp} LVS if breaks .35, Vad?

[12:07] {magoo} RIMM 200 ma at 65

[12:08] {Threei} can't tell really

[12:08] {nemo} gld

[12:08] {Threei} way too narrow

[12:08] {magoo} should hold it

[12:08] {fernp} ok

[12:08] {Threei} you shorted it at .50 mags?

[12:08] {magoo} no

[12:09] {magoo} im nursing l fcx from .50

[12:09] {Threei} great... he asks for read, I catch some more or less decent setup, he ignores it... why do I even bother...

[12:09] {dino} fsys blood

[12:09] {magoo} thinking cut fcx..go long rimm at some point

[12:14] {Les} thanks Vad, I managed to quickly snap .06 on RIMM on your comment. keep em coming

[12:14] {Les} rimm and fcx only plays of mine today

[12:14] {Threei} ok... as long as you don;'t trade 50 shares for 6 cents move :)

[12:15] {Les} ha. mind you, 25 G is somewhat constraining

[12:15] {nemo} WOW pru!!!

[12:15] {nemo} WTF!

[12:16] {nemo} PRU just bounce a BUCK in 1 minute!

[12:16] {Les} so lets short it

[12:17] {nemo} the question is why?

[12:17] {fernp} no news here

[12:18] {larisa} announcing 2010 earnings per share guidance at its Investor Day conference in New York City today

[12:18] {Threei} PRU Follow up: guides 2010 EPS (adj) $5.40-5.70 v $5.60e (48.28, +0.39, 0.81%)

[12:18] {fernp} PRU reaffirms earnings guidance for 2009

[12:18] {magoo} look fcx dump

[12:18] {magoo} vad, any read on it

[12:22] {Threei} watching for consolidation, then .50 break for short

[12:22] {ese} ok vad....STLD once again.....this volume spike here at 12.15 is not really valid as a trend reversal because there is no spike in the price as well?

[12:24] {Les} out pru .30 +.09

[12:25] {Threei} there is just no setup ese

[12:26] {strider} short FCX?

[12:26] {Threei} if stays under .65

[12:26] {strider} at .50 or .55?

[12:27] {nemo} aggressive .55

[12:27] {nemo} normal .50

[12:27] {nemo} you're definitely not normal

[12:27] {nemo} invalimudate

[12:27] {strider} STLD ese

[12:27] {ese} tks

[12:31] {fernp} FCX valid again, Vad?

[12:31] {Threei} I think so

[12:35] {dino} fsys

[12:35] {dino} hl l .00

[12:35] {dino} risky

[12:36] {fernp} FCX valid but w/stop above .70?

[12:36] {strider} short .....FX

[12:36] {strider} CX .54

[12:37] {dino} strike plays

[12:37] {strider} FCX

[12:37] {Les} in .55

[12:37] {Threei} who so impatient?

[12:38] {Threei} i dances above this support for quite a while

[12:38] {Threei} who -= why

[12:38] {Les} yeh aggressive looking foolish now

[12:39] {fernp} new stop is above .70?

[12:39] {Threei} yeah

[12:40] {fernp} ok... reducing my shares :-)

[12:43] {fernp} WFC Vad

[12:43] {Threei} don;'t know fern...

[12:43] {dino} stopped -.31

[12:44] {dino} fsys

[12:44] {Threei} bounces all the time after fae breakdowns

[12:44] {fernp} true

[12:44] {Threei} one of them will be real but how to tell it

[12:44] {Threei} same thing as it did with out coveted short trigger at 26

[12:45] {Threei} didn't work on it so may times that when it finally did, there was no way to decide on entry

[12:45] {fernp} i understand

[12:46] {strider} stopped.

[12:46] {strider} bad day.

[12:48] {fernp} bad week here, strider, not a single winning day. But tomorrow will be the day!!! :-)

[12:48] {strider} Maybe this afternoon!

[12:48] {Threei} come on, how yesterday could be not winning day?

[12:49] {fernp} only in the gross

[12:49] {dino} fsys last try hl l .75

[12:49] {dino} light week here guys, running 40%

[12:49] {strider} 40% of what?

[12:50] {dino} of daily goal

[12:51] {strider} (sound of violins)

[12:51] {dino} rocking horse winner

[12:52] {strider} AMZN

[12:53] {strider} I"m sittin' on my eff'n hands.

[12:54] {fernp} im shorting here WFC small shares

[12:54] {nemo} boy strider, that's sticking your chin out

[12:54] {dino} thats good, imo, don't trade to trade

[12:55] {nemo} action junkie=no good

[12:55] {dino} have a drink

[12:55] {strider} Another one?

[12:59] {dino} fsts out ..45 -.30

[12:59] {larisa} ENER call options are up big today. CNBC mentions.

[13:00] {dino} stupid stupid, had .33 and .42 on it, instead took two stops

[13:00] {larisa} :(

[13:01] {fernp} 1:1 WFC

[13:02] {Threei} ECB's Trichet: Impact of crisis not as bad as previously thought; conditions now allow for removal of some excess support measures

[13:02] {dino} last try hl l .00

[13:02] {dino} fsys

[13:07] {dino} stopped -.31, wow

[13:08] {larisa} fsys no news? scary to touch it

[13:08] {dino} capit drop

[13:08] {larisa} or i just do not see it

[13:08] {Threei} FSYS Hearing weakness attributed to analyst note speculating that Italian natural gas incentive program may be discontinued (timing uncertain) (44.42, -6.07, -12.02%)

[13:08] {fernp} no news here

[13:08] {Threei} this very minute

[13:08] {larisa} ty

[13:08] {nemo} I have visions of italians hooked up to pipes

[13:09] {dino} thats the dutch

[13:09] {nemo} no, not the way I see them hooked up...all that spicy food

[13:09] {nemo} natural gas

[13:10] {Threei} I am not editing seond log in a row

[13:10] {strider} You'll have to edit what you just said.:)

[13:11] {fernp} lol nemo

[13:12] {nemo} vad, watch cat weakness, could go to .20-.25 area

[13:13] {Threei} .55 trigger...

[13:13] {nemo} ja wohl

[13:14] {nemo} although market due for a bounce plus should be coming out of lunch

[13:14] {fernp} 19 minutes later... WFC 1:2

[13:16] {Les} fcx keeps on serving them up

[13:17] {dino} fsys hl l .50

[13:19] {larisa} i want fsys to go to 46 for dino.

[13:20] {dino} thx hon

[13:20] {larisa} lol

[13:21] {dino} ;)

[13:22] {strider} short .53 CAT

[13:22] {ilana} in .57

[13:23] {dino} out fsys .10 ave, +.60

[13:25] {larisa} gj

[13:25] {patience} very nice dino

[13:26] {strider} out CAT

[13:26] {strider} sshit

[13:27] {strider} AS in everything I touch today turns to....

[13:27] {nemo} strider, the set up was right, but 2 things: the market was due for a bounce, and we're coming out of lunch hour

[13:29] {dino} ty patience

[13:31] {dino} rino hl l .34

[13:34] {ilana} out cat flat

[13:34] {fernp} stopped CAT

[13:35] {Threei} don't push it guys

[13:35] {Threei} nithing happens

[13:35] {Threei} qttempt to squueze juice out of stone only leaves you with scratched hands

[13:36] {ilana} ouch

[13:38] {dino} thats a good one

[13:38] {Threei} thank you

[13:39] {dino} csco l .95

[13:39] {Threei} GS

[13:39] {Threei} want little pullback, then break of .50

[13:40] {Threei} ugh.. no pullback

[13:41] {Threei} {--- crying

06[13:41] * strider slaps Threei around a bit with a large DVD of Roy Orbison

[13:41] {patience} i switched from gold etf's to gold stocks.....easier trades today

[13:41] {Threei} {--- crying more

[13:42] {Threei} {--- missed great trade AND got slapped with DVD

[13:43] {strider} Can we rewin