RealityTrader Trading Log

Wednesday, December 30, 2009

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.

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Tuesday, December 29, 2009

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 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?
[09:27] {ese} 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 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 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 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 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} 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 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

Labels: , , ,

Monday, December 28, 2009

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
[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} 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
[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 matter what i look at 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} - 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

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Tuesday, December 22, 2009

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} 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 pen....Les
[10:11] {Les} ah the christmas list...
[10:11] {nemo}
[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 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}
[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 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}
[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.
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} 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}
[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 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

Labels: , , ,

Monday, December 21, 2009

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}
[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} 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} 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'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's a longer term 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
[12:21] {ese} have 20k of this sloth'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'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'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 Family Dollar named a sell Research Tactical Idea at Morgan Stanley
[14:10] {strider} Morgan Stanley expects shares to fall near-term.
[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 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} 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.

Labels: , , ,

Friday, December 18, 2009

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] {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} 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 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}
[10:44] {Threei}
[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.
[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, got a problem with that?
[11:34] {dino} lol
[11:34] {strider} :D
[11:34] {Les} lol
[11:35] {strider} We have people all 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.
[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} 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}
[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}
[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 appologies for not contributing much'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} 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

Labels: , , ,

Thursday, December 17, 2009

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 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 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} 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}
[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:
[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}
[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}
[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

Labels: , , ,

Wednesday, December 16, 2009

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} 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 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 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} 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.......(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} 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'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}
[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} - 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.

Labels: , , ,

Tuesday, December 15, 2009

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 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 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 long here huge.......still long fitb .04
[11:06] {Threei} 1:1
[11:06] {Les} half out
[11:06] {nemo} gotta' step out for
[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'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} 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} 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 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

Labels: , , ,

Monday, December 14, 2009

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'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'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}
[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}'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 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...
[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

Labels: , , ,

Friday, December 11, 2009

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, 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 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] {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,,,'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

Labels: , , ,

Thursday, December 10, 2009

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}'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} 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 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 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 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, 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} 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 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 rewind? I could have really used that one.
[13:43] {strider} I think it's rewinding.
[13:44] {Threei} .50 is support now
[13:44] {Threei} conservative entry nar it makes sense
[13:45] {dino} gs, no cash bonuses, giving stock w/5 year limit on sale of it
[13:46] {Threei} well... will it earn them good carma?
[13:46] {Threei} or public will still see GS as a root of all evil?
[13:47] {Threei} Fed's Duke: Housing market restoration will require more than liquidity; scarcity of lending hurts modest income households most
[13:47] {Threei} - restarting GSEs in old forms would not be wise
[13:47] {Threei} - sees possibility for some sort of Govt support to ensure securitization of mortgages
[13:47] {fernp} good moment here to enter, Vad?
[13:48] {Threei} listen here Duke: it's abundance of lending that lured modest income households in and killed them and whole economy with them
[13:48] {Threei} need market fern
[13:48] {Threei} it's still downticking
[13:48] {Threei} but if it reverses, totally
[13:48] {fernp} yeah
[13:50] {Threei} and, Duke, listen again: if securization of mortgages was a problem in private hands, it will be doubly so in governemtn hands
[13:50] {Threei} in
[13:50] {Threei} stop under .40
[13:51] {Threei} never played GS with 10 cents stop
[13:51] {Threei} never dreamt of it being possible
[13:52] {Threei} why didn't I take 1:21?
[13:52] {fernp} no go for me
[13:52] {Threei} yeah
[13:52] {Threei} greed
[13:52] {fernp} here too
[13:53] {Threei} US) Preview: Nov Monthly Budget Statement
[13:53] {Threei} **consensus expectation: -$132Be v -$125B prior
[13:57] {fernp} BIG lod
[13:59] {Threei} SIGA Hearing National Securities defending the stock (timing uncertain) (7.50, -1.16, -13.39%)
[14:00] {Threei} US) NOV MONTHLY BUDGET STATEMENT: -$120.3BB V -$131.6BE
[14:00] {Threei} - revisions
[14:00] {Threei} - 14th straight month of budget deficits; longest in recorded history
[14:00] {strider} Whoopee...celebrate.
[14:01] {ilana} are you in GS, Vad?
[14:01] {Threei} not anymore
[14:02] {Threei} [13:50] {Threei} stop under .40
[14:02] {ilana} squeesing the stone, aren't we :-)
[14:04] {Threei} hey, my stone gave juice... it was my (stupid) choice not to take 1:1
[14:05] {ilana} ok ok, just don't cry again
[14:05] {Threei} why not
[14:05] {Threei} is it free country or what
[14:05] {ilana} scary
[14:05] {Threei} as long as I have a box of tissues
[14:05] {Les} what
[14:06] {ilana} seeing Vad crying
[14:06] {ilana} good we don't use scype
[14:06] {strider} Strictly ceremonial crying.
[14:07] {Threei} scype sounds so paingul... I would certainly be crying using it
[14:07] {Threei} painful
[14:07] {Les} Vad said " is it free country or what".... it's definitely "what"
[14:08] {larisa} sigh
[14:10] {ilana} FCX H&S
[14:11] {strider} big honkin' h&s
[14:11] {ilana} actually the whole SPY is
[14:17] {patience} 135 pound puppy just stepped on my keyboard.....5 keys flipped off the keyboard across the room....never mindthe vomit and flooded bathroom he just created....i should trade in an office
[14:17] {Les} lol yuk
[14:17] {Les} cat c&h
[14:17] {Threei} I am yet to understand how this monster fits into "puppy"
[14:18] {patience} he is a newfie.....
[14:18] {Raven} sounds gay
[14:18] {Threei} lol
[14:19] {dino} awww mannnn patience
[14:19] {patience} i' no longer have keys on right side....still actively in 2 trades..this is interesting
[14:20] {Threei} nice FCX
[14:20] {magoo} fcx been a big mover over last sessions
[14:21] {ilana} as we as CAT, HIG, SPY
[14:21] {ilana} well
[14:22] {nemo} rimm too
[14:25] {Les} some consolidation at these levels in cat. looking long
[14:26] {ilana} in .02
[14:26] {Les} crap ilana, don't take my word for it!
[14:26] {Les} Vaaaaaaad!
[14:26] {ilana} was in before you potsed :P
[14:27] {Les} oh good
[14:27] {Threei} what?
[14:27] {Les} hoping spy holds up as well
[14:27] {Threei} am I keeper to dino's brother or larisa's sister?
[14:27] {Les} nothing. thought I was maliciously influencing people...
[14:28] {Threei} you sure are
[14:28] {Threei} but don't let it stop you
[14:28] {ilana} Vad, do you run a daycare as secondary business?
[14:28] {dino} no
[14:28] {Threei} we all do it day in day out
[14:29] {Threei} me and children... now, that's really bad idea
[14:29] {ilana} i think you do
[14:30] {ilana} 13:26 Les crap ilana, don't take my word for it!
[14:30] {Threei} just think of poor kids learning skills like "inhaling 200g hlass of vodka in one hulp"
[14:30] {ilana} 13:26 Les Vaaaaaaad!
[14:30] {Threei} or "cutting cigar tip with your teeth"
[14:31] {ilana} Les, kick CAT at rear, would you
[14:31] {nemo} rimm going for HOD
[14:31] {Threei} feels like we are headed for another rally
[14:32] {nemo} I was just thinking that 150-200 today
[14:32] {larisa} no, finish red today :)
[14:32] {nemo} alright folks (and strider) c u tomorrow.
[14:32] {strider} see ya, nemo.......
[14:33] {Threei} take care nemo
[14:33] {larisa} bye nemo
[14:33] {strider} I'm gone in a few also.
[14:33] {strider} Not doing any more damage today.
[14:33] {larisa} bye strider
[14:33] {strider} :)
[14:33] {Les} don't let the what hit you where on the way out Nemo?
[14:33] {Les} st
[14:34] {Threei} hmmm
[14:34] {Threei} don't let strider hit nemo on his way out??
[14:34] {Les} yeh why not
[14:34] {Les} at least no censorship required for that
[14:34] {strider} too late.
[14:34] {Threei} RIMM goes for break
[14:36] {strider} FCX consolidation
[14:36] {Les} mistake forgetting about fcx. I exited short on last low of .25. Don't think to flip long straight after. not natural to me
[14:38] {Les} out CAT for peanuts. will wait to see what SPY does
[14:39] {ilana} real money, Les?
[14:39] {Les} paper trades
[14:40] {Threei} Three US Senators put forward a compromise climate bill that includes support for more nuclear plants, clean coal, and offshore drilling
[14:40] {Threei} no chance
[14:41] {Les} wall st has seen the future. it does not involve alternative energy
[14:43] {Threei} what difference does it make for wall street
[14:43] {Threei} it will tarde whatever there is to trade
[14:43] {Les} the implementation of cap n trade through derivatives.
[14:44] {Threei} if idiots want carbon creits, wall street will trade them
[14:45] {Les} who is leading who?
[14:45] {Threei} we don't know
[14:46] {Threei} but this whole hoopla started long ago
[14:46] {Threei} and it started in Europe
[14:46] {Threei} not here
[14:46] {Les} check out cool looking carbon trading exchange:
[14:46] {Les} yeh I know
[14:46] {Threei} so I would think it's much more likely that wall street plugs along
[14:47] {Les} you still in CAT ilana?
[14:47] {Les} it made .10
[14:47] {ilana} yes
[14:47] {ilana} took half lot
[14:48] {Les} you catch this article on the subject Vad?
[14:48] {fernp} RIMM Vad
[14:48] {fernp} breakout?
[14:48] {Threei} Long Setup: RIMM .90 break
[14:50] {ilana} out CAT .07
[14:50] {Threei} just confirms what I say les
[14:50] {Threei} idiots invent idiotic causes
[14:51] {Threei} wall street shrugs and figures out how to profit from them
[14:52] {Les} sure
[14:52] {Les} fyi only
[14:53] {ilana} why .90 Vad, today's high break?
[14:53] {Threei} yes
[14:53] {Threei} new high close to eod would signal closing rally
[14:56] {fernp} gotta go. have a good evening all. see you tomorrow.
[14:56] {Threei} take care fern
[14:56] {ilana} HGSI C&H and close to today's high
[14:57] {ilana} C&H 5 min chart
[14:57] {dino} cya fern
[14:57] {ilana} bye fern
[14:59] {dino} aet, unh, wlp rocking
[15:03] {dino} out csco +.02
[15:04] {Les} GLD
[15:06] {Threei} aggressive entry is preferrable on RIMM
[15:06] {Threei} .90 is a bit too far from .70 which is support for stop placement
[15:18] {Threei} no range at all today
[15:18] {Threei} whole day running in place
[15:19] {Les} I'm curious to know how my trading will be once a reasonable trend returns.
[15:19] {Les} hopefully a little less frustrating than this
[15:20] {Threei} can't even beging telling you how I hate this language
[15:20] {Les} ?
[15:20] {Threei} delighted... fristrated...
[15:20] {Les} english?
[15:20] {Les} equivelant in Russian is?
[15:20] {Threei} sigh
[15:21] {Threei} I am talking about this emotionally charged attitude
[15:21] {Les} what? in this room? in trading? or the english language itself?
[15:21] {Threei} never mind
[15:22] {Les} I'm outta here. c u tomorrow
[15:22] {Threei} take care
[15:22] {dino} cya
[15:23] {dino} lol too
[15:27] {dino} fsys hl l ave .14
[15:27] {ilana} stopped RIMM
[15:30] {dino} oxm hl s .25
[15:33] {Threei} looking at indices chart today,
[15:33] {Threei} total randomness
[15:34] {ilana} HIG db
[15:34] {Threei} GLD watching for bounce scalp
[15:37] {dino} lci
[15:38] {dino} drug approval
[15:38] {Threei} LCI Receives FDA Approvals for Hydromorphone Hydrochloride Tablets USP, 2 mg, 4 mg and 8 mg Strengths
[15:38] {Threei} - received approvals from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Ap... (6.74, +0.26, 4.01%) more...
[15:44] {ilana} what do you think about holding it overnight for morning gap?
[15:44] {Threei} NKBP trying again
[15:44] {Threei} holding what?
[15:44] {dino} out fsys .55, +.41\
[15:45] {dino} oxm bstyop to b/e
[15:46] {Threei} RIMM...
[15:46] {magoo} huh/
[15:46] {magoo} huh?
[15:48] {dino} oxm to .15
[15:48] {dino} cov +.10
[15:51] {dino} f'ing oxm hitting stop
[15:52] {dino} too tight
[15:52] {dino} lol, + a whopping $14 for all this work
[15:52] {Threei} lol
[15:53] {dino} alto, dec. so far all positive (small)
[15:54] {dino} scalps working, sticking to it
[15:54] {ilana} .40 - scalping is it :-)
[15:54] {ilana} gn all
[15:55] {Threei} take care ilana
[15:55] {Threei} mgs
[15:55] {dino} well, half lots, but once up $100 trailing to protect
[15:55] {Threei} look at NKBP forming C&H
[16:00] {Threei} thank you all
[16:00] {Threei} empty listless day
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {dino} thx all
[16:00] {larisa} bye!

Labels: , , ,

Wednesday, December 9, 2009

Dec 09 2009

Very nice day with 6 wins out of 7 calls. Quite a few of them were good for bigger moves and called as such. GLD played on both sides, RIMM gave a few worthy flays, so did FCX. End of the day was marked by a few colorful jokes as traders let the steam out.

Session Time: Wed Dec 09 00:00:00 2009

[07:46] {Threei} FITB
[07:46] {Threei} Fifth Third Bancorp Current tier 1 ratios remain well above regulatory minimums, expects tier 1 cap to stay above minimums under potential stress scenarios - slides ahead of Goldman conf
[07:46] {Threei} - Realized credit losses have been significantly below SCAP baseline and more adverse scenarios.
[07:46] {Threei} - Trends in net interest income and net interest margin compare favorably with peers.
[07:46] {Threei} - Sees continued expansion of net income margin in Q4, stable net income interest in Q4.
[07:48] {Threei} JAZZ Jefferies Initiates JAZZ with Buy, price target: $11
[07:48] {Threei} VNDA Jefferies Initiates VNDA with Buy, price target: $22
[08:10] {Threei} SQNM Update: Auriga raised to Hold from Sell, price target $4 (4.36, 0.00, 0.00%)
[08:11] {Threei} lol... do these people even gave quotes?
[08:21] {Threei} anyone see any PAL news?
[08:28] {tomg} yesterday some news on PAL but not today that i can see
[08:28] {tomg} restarting operations at its Lac des Iles mine
[08:29] {Threei} ty... I don't have it for some reason
06[08:29] * nemo slaps Threei around a bit with a large blizzard
[08:29] {Threei} hmmm
[08:29] {Threei} OK... whatever... no b,lizzard here anyway {G}
[08:29] {nemo} there is here
[08:29] {Les} ha. your cable gonna hold up today nemo?
[08:30] {nemo} question of the day Les
[08:30] {nemo} electricity could be an issue also
[08:31] {Raven} quite clam here at the moment
[08:31] {nemo} mmhhhh, freshwater mussels?
[08:31] {Raven} nah ... the zebra mussels kilt them all
[08:32] {nemo} irish zebra mussels?
[08:32] {Raven} perhaps
[08:33] {nemo} Raven...I'd bet your glad I never bred.
[08:33] {Les} most notable feature of housing in switzerland...
[08:33] {Les} electricity and cables are buried
[08:33] {Raven} that is a great relief ... glad you revealed that fact
[08:34] {Raven} last remark directed at both nemo and Les
[08:34] {nemo} I tell people I know I'd like to get married and have kids...they start writing me checks
[08:34] {Les} what?
[08:34] {Raven} lol
[08:34] {Les} I'm an ex-soldier
[08:34] {Les} child left in every ville i visited
[08:34] {nemo} I'm not sure who should be more offended...Les being grouped with me, or me being grouped with Les
[08:35] {Raven} too complex .. my remark was directed at Les's buried utilities comment
[08:36] {Threei} lol
[08:36] {Threei} that's deep
[08:36] {Les} :P
[08:36] {Raven} sheesh
[08:36] {nemo} piled high more like it
[08:36] {Les} what's on the watch list Vad?
[08:37] {nemo} stocks
[08:37] {Threei} JAZZ
[08:37] {Threei} NANO
[08:37] {Threei} VNDA
[08:37] {Les} what happened in pharm land?
[08:38] {Les} pharma
[08:38] {Threei} JAZZ and VNDA upgrades by Jeffries
[08:38] {Threei} with 11 and 22 targets
[08:39] {Les} ok. normal that jeffries doubles the price target for stocks it chooses?
[08:41] {Threei} lol
[08:41] {Les} when you see upgrades like that Vad - they normally so high as what Jeffries is putting on JAZZ and VNDA?
[08:42] {Threei} there is no normally
[08:42] {Threei} compare it to:
[08:42] {Threei} [08:10] {Alert} Threei SQNM Update: Auriga raised to Hold from Sell, price target $4
[08:42] {Threei} look at SQNM price
[08:42] {Threei} and tell me what "normally" is
[08:43] {Les} so how does an upgrade and downgrade influence price?
[08:44] {Threei} wouldn't you want it to be this simple
[08:44] {Les} insiders looking to sell SQNM pre-market?
[08:44] {Threei} it's not that straightforward
[08:44] {Threei} and never the same
[08:44] {Threei} and why premarket only
[08:45] {Threei} and if they wanted to sell, why would they assign a target 4?
[08:45] {Threei} below current?
[08:45] {Les} hmmm. bears taking up short positions?
[08:46] {Threei} why upgrade then?
[08:46] {Les} whatever. I assume it represents trading opportunity either way
[08:46] {Threei} there you go
[08:46] {Threei} it just attracts attention
[08:47] {Threei} after that, it's just read the action
[08:47] {Les} stop rationalising like that. soon I'll be navel gazing like yourself prior and post market
[08:48] {Threei} sorry
[08:48] {Threei} didn't mean to make you all philosophical
[08:48] {Threei} one nemo is quite enough {G}
[08:49] {Les} :)
[08:49] {Les} so are upgrades and downgrades the fundamental of your daily trading outlook?
[08:50] {Threei} not even close
[08:51] {Threei} overwhelming majority of them is meaningless
[08:51] {Threei} sometimes they provide opportunities on the oppsite side
[08:51] {Threei} and sometimes they provide opportunities when we deal with hot stocks
[08:51] {Threei} JAZZ and VNDA are volaitle ones, recent momos
[08:52] {Les} so the tickers in this case attracted your attention?
[08:52] {Threei} targets are far enough from current price,
[08:52] {Les} ah ok. question answered
[08:52] {Threei} so there is a chance they may get re-kindled interest
[08:52] {Les} cool beans
[08:56] {Les} I see public option stripped from national health care overhaul
[08:57] {Les} "...the group cobbled a proposal to empower the government's Office of Personnel Management to run a new national plan that would be run by nonprofit entities established in the private sector..."
[08:57] {Les} good to see. Things back to the way they were.
[08:57] {Les} lobbyists in charge
[09:01] {strider} Good morning to everyone in the peanut gallery!
06[09:01] * nemo slaps strider around a bit with a large can of cashews
06[09:02] * strider slaps nemo around a bit with a large bottle of seltzer water
[09:02] {nemo} Why seltzer water?
[09:03] {tomg} vad, what route do you use for listed stocks?
[09:03] {Threei} NASDAQ
[09:03] {tomg} ok, ty
[09:03] {Threei} if left to auto, it often chooses MLCO
[09:03] {Threei} and I find it to be just a tad slower
[09:03] {tomg} yep
[09:03] {ese} GM
[09:04] {Threei} ese :)
[09:04] {strider} You're too young to remember, nemo.
[09:04] {ese} morning vad
[09:04] {nemo} dude
[09:04] {nemo} O.K. I'll bite...remember what?
[09:04] {strider} The peanut gallery was where the kids sat on the Howdy Doody show.
[09:05] {ese} dude
[09:05] {nemo} oh...
[09:05] {ese} st
[09:05] {strider} Clarabell the clown continuously shot people with a bottle of seltzer water.
[09:05] {strider} ese:)
[09:05] {nemo} yeah, vaguely remember
[09:05] {strider} how old are you?
[09:06] {strider} 12?
[09:06] {Threei} AET...
[09:07] {Threei} no volume but 50 cents gap
[09:07] {strider} there you go vad. Shoulda bought.
[09:09] {nemo} well, so much for the snap-back rally
[09:10] {ese} by the way...exited fitb yesterday with +.03......just as was getting ready to turn off the computor and head to choir rehearsal it shot up
[09:12] {Threei} [07:46] {Alert} Threei FITB
[09:12] {Threei} [07:46] {Alert} Threei Fifth Third Bancorp Current tier 1 ratios remain well above regulatory minimums, expects tier 1 cap to stay above minimums under potential stress scenarios - slides ahead of Goldman conf
[09:12] {Threei} [07:46] {Alert} Threei - Realized credit losses have been significantly below SCAP baseline and more adverse scenarios.
[09:12] {Threei} [07:46] {Alert} Threei - Trends in net interest income and net interest margin compare favorably with peers.
[09:12] {Threei} [07:46] {Alert} Threei - Sees continued expansion of net income margin in Q4, stable net income interest in Q4.
[09:12] {ese} nice scenario
[09:13] {Les} tomg has reminded me Vad. I see a SMART routing option on IB for orders. Do you know of this route option? or is it proprietory IB software?
[09:15] {Threei} most brokers have this or hat variation of smart routing
[09:15] {Threei} but it's dione differently by each
[09:15] {Les} should it be used?
[09:15] {Threei} depends on how good algoritm is
[09:16] {Threei} and I have no idea how IB strctured it
[09:19] {fernp} Good morning everybody
[09:20] {Les} hey fern
[09:20] {Threei} fern :)
[09:21] {lasertrev} gm
[09:21] {Threei} trev :)
[09:22] {strider} morning trev.:)
[09:22] {lasertrev} morning
[09:22] {Les} hi trev
[09:22] {lasertrev} hi Les
[09:22] {Threei} jeez... either Trev is much more likable than Dave, or the room gone soft like baby food
[09:23] {strider} just warming him up before we pounce.
[09:23] {lasertrev} lol
[09:23] {Threei} remember times when dave appeared in the room and was greeted with 3-5 trouts in a span of 10 seconds?
[09:23] {Les} who is dave?
[09:23] {nemo} Dave's not here
06[09:23] * strider slaps lasertrev around a bit with a large ECN fee.
[09:23] {ese} rnwk
[09:24] {Threei} lol... this exchange between les and nemo is almost carbon copy of
[09:24] {Threei} who's Ted? ted's dead baby, ted's dead
[09:24] {dino} gm all, about 7"inches wet snow\
[09:24] {nemo} actually I was quoting Cheech & Chong
[09:24] {Threei} dino :)
[09:25] {Threei} ok... that's second reference by me no one gets
[09:25] {Threei} am I THAT different?
[09:25] {strider} yes
[09:25] {nemo} got a mirror?
[09:25] {Threei} okay... sigh
[09:25] {larisa} gm
[09:25] {Threei} larisa :)
[09:26] {Threei} but come on... "this agression will not stand" quoted right after "dude"?
[09:26] {Threei} Big Lebowsky, anyone?
[09:26] {nemo} I haven't watched that in years...
06[09:26] * Threei shrugs and goes back to his cave
[09:26] {Les} don't remember that quote
[09:28] {strider} Cave? Not under the bridge?
[09:28] {Threei} my cave is under the bridge
[09:28] {Threei} why can't I have both
[09:28] {strider} yuppie.
[09:30] {Threei} WFC is still on watch for that 26 break
[09:30] {Threei} too good support on daily to dismiss the possibility of short if broken
[09:31] {strider} short under 26?
[09:31] {Threei} GNBT Signs deal with SNY for Insulin Supply
[09:31] {Threei} - signed a long-term agreement with Sanofi-Aventis Deutschland Gmbh for the manufacture and supply o... (0.57, +0.06, 12.85%) more... (related SNY )
[09:31] {Threei} not right away
[09:31] {ese} something wrong with my quotes
[09:31] {Threei} (US) Treasury Sec Geithner: Notifies Congress that administration requests extension of TARP to Oct 2010 (as expected); does not expect US to deploy more than $550B (related EUR/USD XLF )
[09:31] {ese} only 2 levels on
[09:32] {Threei} need anything ese?
[09:32] {ese} no tks vad
[09:32] {strider} AMZN selloff
[09:32] {ese} anyone else with level 2problems
[09:32] {strider} not here
[09:33] {nemo} aig sell off
[09:33] {Threei} FAS dropping
[09:33] {Threei} taking finnies
[09:34] {Threei} let's start monitoring WFC for that break
[09:34] {strider} wow AMZN
[09:34] {Threei} idea is to short 26 breakdown if it forms tight enough range
[09:34] {Threei} RIMM is holding well
[09:35] {strider} long AMZN .34
[09:36] {strider} stopped
[09:37] {Threei} sheesh
[09:37] {Threei} typed long rimm at .80
[09:37] {Threei} thing jumped 25 cents right back
[09:38] {Threei} watching this WFC bounce
[09:38] {Threei} for it to define upper limit
[09:39] {Threei} Short Setup: WFC 26 break if holding below 26.10
[09:40] {ese} l fitb .32
[09:40] {nemo} aig vad
[09:40] {dino} coo, cmtl
[09:40] {nemo} missed it
[09:41] {ese} out .41
[09:41] {ese} +.09
[09:41] {dino} gj
[09:41] {strider} wfc still valid?
[09:41] {ese} tks dino
[09:42] {Les} out wfc. 05 +.05
[09:42] {Threei} yes strider
[09:43] {Threei} Long Setup: RIMM .90 break
[09:43] {Threei} if holding above .80
[09:43] {dino} cmtlhl s .25
[09:43] {dino} cmtl
[09:44] {dino} stop is .56
[09:44] {dino} coo interesting
[09:44] {nemo} well, wfc invalimudated now
[09:45] {nemo} or, do you think a stop spike
[09:45] {Threei} Long Setup: RIMM .80 break
[09:45] {Threei} if holding above .70
[09:46] {Threei} RIMM no go
[09:46] {fernp} stopped
[09:46] {dino} cov cmtl .93, +.32
[09:46] {Threei} WFC, is not a scalp for me
[09:47] {fernp} was invalidated, no?
[09:47] {Threei} just a quick tail... nah
[09:48] {ese} nust looked at cmtl......nice one dino
[09:49] {ese} just
[09:49] {ese} have you checked out hitk
[09:49] {Threei} TEVA Confirms EU officials raided London offices (52.51, +0.07, 0.13%)
[09:49] {dino} \mw hl l .00
[09:49] {dino} stop 69
[09:49] {dino} .
[09:51] {ese} l fitb .37 pullback
[09:55] {dino} kss, nice 5 day range
[09:55] {ese} out .38 +.01 don't like the look of qqqq
[09:57] {nemo} dt on mon
[09:59] {Threei} let's tighten things up a bit
[09:59] {Threei} whether you took WFC on original trigger or on this bounce, stop is anbove .05 now
[10:00] {Threei} US) OCT WHOLESALE INVENTORIES: 0.3% V -0.5%E
[10:00] {dino} kss hl l .65
[10:06] {dino} coo app. hod
[10:06] {strider} AMZN vad?
[10:07] {fernp} VMED ,Vad? Daily is interesting
[10:07] {Threei} AMZM looks short to me
[10:07] {Threei} no setup yet
[10:08] {Threei} not sure on VMED...
[10:08] {fernp} thanks
[10:10] {Threei} Short Setup: AMZN .90 break
[10:10] {Threei} half lot
[10:10] {Threei} if holding below 131.05
[10:10] {Threei} umm
[10:10] {Threei} book profit as you see fit if you got it
[10:11] {strider} still valid ?
[10:11] {Threei} second chance entery
[10:11] {Threei} yes
[10:12] {Threei} covering half WFC
[10:12] {Threei} +.18
[10:12] {Threei} 1:1 again AMZN
[10:13] {Threei} no third entry
[10:13] {strider} only got .16......but
[10:13] {Threei} if it gets back to that trigger let it go this time
[10:13] {strider} better than a poke in the eye
[10:17] {Threei} between AMZN and WFC, RIMM stop is erased and then some
[10:17] {Threei} but nothing to write home about yet
[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:18] {Threei} **consensus expectations:
[10:18] {Threei} Crude: +500Ke
[10:18] {Threei} Gasoline: +1.8Me
[10:18] {Threei} Distillate: -500Ke
[10:19] {strider} AMZN short at .50?
[10:19] {Threei} too high risk
[10:20] {Threei} AMZN makes these sharp snapbacks
[10:20] {Threei} much better short on bounce
[10:20] {Threei} one we did at .90 had much narrower range
[10:20] {Threei} this one dropped into .50 too sharply
[10:21] {Threei} JAVA Sources not seeing likley EU agreement, final ruling expect Jan 27th -CNBC's Faber (8.39, -0.10, -1.18%) (related ORCL )
[10:21] {dino} out mw .35, +.35
[10:22] {dino} be a shame to not let them have coffee (java)
[10:22] {Threei} yeah, what poor oracle guys to do
[10:24] {ese} just in lookin around mode here.....ya gotta figure that STEC is gonna bounce sometime
[10:26] {Threei} SEED...
[10:27] {ese} l fitb .38
[10:29] {ese} skys the limit if it gets past .42
[10:30] {ese} daaaaa what......sorry i'm blind...need glasses i'm long .39 not .38
[10:31] {Les} histogram shows volume at .39 ese. I'll take .40 trigger if filled
[10:31] {larisa} ese created that volume :)
[10:31] {Threei} lol
[10:31] {Threei} good point
[10:31] {Les} oops. invalidated
[10:32] {ese} not all of it but a good slug
[10:33] {ese} ya know the mkt is just throwing little twists at us these sooner do i get into fitb and the qqqq's tank 10pts ...did that when i was in gern as well
[10:34] {dino} scalpers market
[10:34] {ese} ya for sure
[10:34] {dino} less is more for me lately
[10:35] {ese} les you and me against the world
[10:35] {Les} oh no buddy
[10:35] {strider} RIMM
[10:35] {Les} level 2 didn't show buying support at .40
[10:35] {ese} how far are you from lake Como italy
[10:36] {Les} 3 hours
[10:36] {dino} kss stopped -.26
[10:36] {Threei} {dino} less is more
[10:36] {ese} we might have to do coffee in march
[10:36] {Threei} {Les} no, les is no more
[10:36] {Les} have to cross alps
[10:36] {Les} oh, you are there?
[10:37] {Threei} hey, it's not like you have to do it on foot
[10:37] {Les} Vad, WFC sure looks like it wants 26 again
[10:37] {Threei} yeah...
[10:37] {Threei} I am just keeping balance stop above .05
[10:37] {Threei} and letting it do what it wants
[10:38] {ese} will be........Rome march 8th to 13th then north to como 13th to 17th
[10:39] {Les} you bring Aston Martin, I'll bring tuxedo and silenced automatic weapon
[10:39] {Les} "the names bond...james bond"
[10:39] {ese} they call me GOLD
[10:39] {nemo} suppressed, you can't silence them
[10:39] {ese} Gold Drumstick!!!
[10:40] {Threei} oh well
[10:40] {ese} or is that finger
[10:40] {strider} You play drums, ese? Or everything?
[10:40] {Les} whateeveeeeer. but lake como was scene for Casino Royale
[10:41] {ese} yup have a degree in percussion performance
[10:41] {ese} played with 4 symphony orcestras here in Canada
[10:41] {Threei} Long Setup: RIMM .45 break
[10:41] {nemo} Bond has a degree in concussive performance
[10:41] {ese} ha ha
[10:41] {Threei} if stays above .35
[10:42] {Les} in .46
[10:42] {Threei} break of .50 should explode it
[10:43] {Threei} 1:1
[10:43] {Threei} 1:2
[10:43] {Les} done. ty
[10:43] {Les} wow
[10:43] {Threei} nice and easy
[10:44] {dino} kss last try hl l .50
[10:44] {strider} out last at .70
[10:45] {Threei} and we didn't flop to long WFC why?
[10:45] {fernp} i took 26 break
[10:45] {Threei} wtg, but share next time
[10:45] {fernp} and QID short .15 break
[10:46] {Threei} [10:45] {Threei} wtg, but share next time
[10:46] {strider} Hey, got to chare stuff.
[10:46] {fernp} lol
[10:46] {Threei} what actually happened?
[10:46] {Les} good move. didn't think to fade the short
[10:46] {Threei} market got all merry and christmasy all of a sudden
[10:47] {ese} out fitb .43 +.04 that was my 30 on the x and sales
[10:48] {ese} can now bring the blond with the Aston Martin accross the alps
[10:49] {dino} indeed
[10:51] {ese} will make a stop at the Monte Carlo casino first.......and double everything everthing i've made this year in a poker game
[10:51] {strider} yup have a degree in percussion performance......does that include piano?
[10:51] {Les} u play poker ese?
[10:52] {dino} you guys are living
[10:52] {ese} they told me in piano techniques that they were going to pass me that they would never have to see me in that class again
[10:52] {ese} when i play poker's not called poker
[10:52] {Les} CAT
[10:52] {strider} Jerry Lee Lewis type, huh?
[10:53] {ese} it's called spot the sucker easily
[10:53] {dino} meli sm l .95
[10:54] {dino} out kss.75, +.25
[10:54] {ese} your rockin today well dino
[10:54] {ese} as well
[10:55] {dino} lucky
[10:55] {strider} magoo snowed in?
[10:55] {ese} nahhhhhhhhhh not with your skill
[10:55] {dino} assume snow plowing
[10:55] {dino} i was up at 6:00 am taking care of places
[10:56] {Threei} Long Setup: CAT .40 break
[10:56] {Threei} if holding .35
[10:56] {dino} 2 1/2 hrs later here i am
[10:56] {Threei} ahhressive entry with very tight stop
[10:56] {Threei} hh = gg
[10:57] {Threei} invalidated
[10:58] {ese} .35 break maybe vad
[10:58] {Threei} could be, same idea
[10:59] {Threei} invalidated as well
[10:59] {ese} yup
[11:02] {nemo} hey vad, what was the energy results
[11:05] {Threei} DOE CRUDE: -3.82M V +500KE; GASOLINE: +2.25M V +1.8ME; DISTILLATE: +1.62M V -500KE; CAPACITY UTILIZATION: 81.1% 79.9%E
[11:05] {nemo} ty
[11:09] {strider} There's a backwards c&h (handle & cup) on CAT....does that reliably produce a short?
[11:10] {strider} like now?
[11:10] {Threei} not really
[11:10] {nemo} it can but look at cat and market since 10:40
[11:11] {strider} yeah
[11:12] {ese} will consider fitb again at around .31
[11:12] {ese} 1 min chart 200 ma
[11:12] {nemo} might look for range bounce play strider
[11:13] {ese} and where futures 13 ma crosses the futres 34 ma
[11:13] {ese} macd on daily is heading up
[11:13] {ese} 1 min macd will round up
[11:13] {ese} buying pressure will resume
[11:14] {ese} but need to get technical
[11:15] {strider} BRCD take over chatter:)
[11:15] {strider} I'm holding a swing from .22
[11:17] {fernp} BAC if breaks 15.55, Vad?
[11:17] {Les} NVDA
[11:18] {Threei} too narrow fern
[11:20] {ese} if a baby pig is a "piglet" is a baby bull a "bullet"....this is one of them lull in the middle of the trading day questions
06[11:20] * nemo slaps ese around a bit with a large sledge hammer
[11:21] {strider} At least he didn't shoot you with a BULLET.
[11:21] {ese} ouch!!!!
[11:21] {nemo} 600-1000 my max
[11:21] {ese} man i thought the question was philosophical
[11:22] {nemo} that arc of the earth stuff to Vancouver would really throw me off
[11:22] {strider} Go two gaps to fill.
[11:23] {nemo} you kick the plug vad?
[11:23] {Threei} hmm?
[11:23] {nemo} market
[11:24] {fernp} CAT if breaks .50?
[11:24] {nemo} rimm teasing but no volume
[11:24] {nemo} looks good fern
[11:24] {Threei} looks like, yeah
[11:25] {strider} {-------(in best baritone) breaking out is hard to do..
[11:25] {nemo} rim shot ese
[11:26] {ese} for anyone who can make's Fine Arts Night at Victoria High School tonight........all my groups are featured 2 rhythm and blues bands....concert band/pit band....and a pop choir
[11:26] {ese} ba dap bap
[11:26] {nemo} cool, it's only a 96 hour drive
[11:26] {strider} I can be there is 6 days.
[11:26] {strider} in
[11:26] {ese} perfect
[11:27] {nemo} in what strider
[11:27] {strider} tyring to snare as many as possible?
[11:27] {strider} a motorcycle
[11:27] {nemo} I'm lost
[11:27] {strider} with a snow plow attachment.
[11:27] {nemo} that would be interesting
[11:28] {nemo} You southerners don't know how to drive in the snow
[11:28] {nemo} I was living in Columbia SC when a half inch snow storm shut down the city for a week
[11:28] {strider} I know how to drive in the snow.......grew up in the appalachians. we got snow.
[11:28] {nemo} I'm out having a blast on my motorcycle, watching all the cars skid off the road and decided it wasn't such a good idea
[11:29] {nemo} o.k.
[11:29] {nemo} appalachia
[11:29] {strider} And we got mountain roads that'll curl you're hair............
[11:29] {strider} wait, you're italian...already curly.
[11:29] {nemo} was very that it's..ehhhh...ummm...silver, yeah that's it...silver, not curly at all
[11:30] {strider} so, you're prematurely, ah...silver?
[11:30] {Les} NVDA catch your interest Vad, on b/o at .70?
[11:30] {nemo} I started going silver when I was 16, most of it's because of women
[11:30] {strider} they ignored you?
[11:31] {nemo} yeah, but that's not the reason...stress inducing creatures
[11:31] {ese} vad what do you make of this market flatlining here
[11:31] {Threei} I doubt it les
[11:32] {Threei} that we need to go in coma, ese...
[11:32] {Threei} which is admittedly not a very long trip
[11:32] {ese} hmmmmmm
[11:32] {strider} unless you're on a motorcycle with a snow blade.
[11:33] {ese} i'm thinking it's tired, no more am not going to consider a small positon in fitb here
[11:34] {fernp} MRVL daily is attractive
[11:35] {ese} still needs something to push it though fern
[11:35] {fernp} yeah
[11:36] {ese} ahh and dn we go.....
[11:38] {ese} can't recall a december this sedate in recent memory........prefer last years white knuckle hold on for dear life scenario to this
[11:38] {nemo} well, last year we were heading for the end of the world
[11:40] {ese} heres food for also tend to reflect the political situation as well.....things calming down down there ya figure
[11:40] {ese} Obama sense of reason per chance......just throwing that out there
[11:41] {fernp} INTC on lows
[11:41] {nemo} won't last long ese
[11:41] {ese} hmmmmmm
[11:41] {nemo} [11:40] {ese} Obama sense of reason per chance......just throwing that out there
[11:42] {ese} to be honest with you all......i like that fella
[11:43] {strider} esi, apol positive comments
[11:43] {ese} i get a sense of calm from him.........could be wrong buy.......
[11:43] {ese} but
[11:43] {nemo} great actor
[11:44] {strider} wow..apol up buck 80 today.
[11:44] {ese} ya have to be in politics i think.......everytime i talk to a politician i feel like i've been slimed
[11:44] {dino} they're all corrupt
[11:45] {dino} when a lawyer ca't make it, he goes into politics
[11:45] {ese} lol
[11:46] {nemo} really ese...I always bring vaseline
[11:46] {dino} indeed
[11:46] {dino} scum of the earth
[11:46] {strider} got to leave again........moving machinery out of my (former) woodworking shop today. See you guys later today or in the morning.
[11:47] {Threei} we'll be here strider
[11:47] {dino} cya st
[11:47] {fernp} bye st
[11:47] {ese} Idi Amin Dada..."president for life"......just declare that and get on with it
[11:47] {ese} cya St
[11:49] {strider} bu-bye:)
[11:49] {nemo} bi
[11:50] {Les} NVDA making new high very sloooooowly
[11:50] {ese} on the back of intc
[11:50] {ese} chip not working
[11:53] {ese} L sm fitb .34
[11:54] {ese} qqqq's making a move thought that i'd dabble
[11:54] {dino} kss hl l .50
[11:58] {fernp} NVDA was a valid breakout Les. I've played with CFDs +.10 ty
[12:01] {Les} dinner time fern. reward/time ratio is not interesting for me today
[12:06] {Threei} {Reward/time ratio} :(
[12:08] {Les} I prefer to prepare a lasagne. much more interesting reward for time consumed :)
[12:08] {Threei} BRCD Hearing Avian Research commenting on BRCD rumors; sees possible deal with Hitachi as unlikely (timing uncertain) (7.50, +0.13, 1.76%)
[12:10] {Threei} Short Setup: RIMM 63 break
[12:10] {Threei} if stays under .10
[12:10] {dino} meli stopped -.38
[12:11] {Threei} mibbit mulfunction?
[12:14] {Threei} give up already RIMM
[12:15] {Threei} not a scalp if sets up
[12:17] {Threei} what a stubborn buyer
[12:17] {nemo} yeah, missed cat short watching rimm
[12:23] {Threei} 1:1
[12:23] {nemo} 1/2 out
[12:23] {Threei} when the dam is broken...
[12:23] {Threei} 1:2
[12:24] {ilana} kick it on the head!
[12:24] {Threei} wow... violent aren't we
[12:25] {Threei} stop for the balance at b/e
[12:31] {Threei} out last 1/4
[12:32] {Threei} that's 3 for 4 for toady
[12:32] {Threei} today
[12:32] {dino} coo hod
[12:33] {Les} we back?
[12:34] {Threei} who we?
[12:34] {Threei} we never left
[12:34] {Les} oh. connection severed
[12:34] {Threei} that was mibbit problem I'd guess
[12:34] {Threei} mirc users stayed connected
[12:35] {Threei} missed RIMM short?
[12:35] {Les} yep
[12:35] {dino} i was kicked
[12:35] {Threei} mibbit too dino?
[12:36] {Les} will try getting mIRC to work again
[12:37] {dino} no
[12:37] {dino} oh yes
[12:37] {Threei} lol
[12:38] {Threei} yeah, it was their brief outage
[12:39] {dino} no worries
[12:40] {ese} i gotta go concert tonight......take care
[12:40] {Threei} take care ese
[12:40] {Threei} make good music
[12:40] {ese} will do
[12:43] {dino} pl
[12:43] {Les} ciao ese
[12:43] {dino} cya es
[12:50] {Les} GLD for a bounce or b/d?
[12:52] {Threei} .50 break is for ashort
[12:53] {Threei} other than that, no read
[12:54] {Threei} Short Setup: FCX .70 break
[12:54] {Threei} if stays under .80
[12:58] {nemo} gld vad
[12:59] {nemo} yeah would have been good
[12:59] {Threei} it was
[12:59] {larisa} lol
[12:59] {Threei} shorted aggressively around .60
[12:59] {nemo} love quickie's
[12:59] {Threei} covered .39
[13:00] {nemo} thanks for telling me...and....your welcome
[13:00] {Threei} awww
[13:00] {Threei} too soon
[13:00] {Threei} what?
[13:00] {nemo} WOW!
[13:00] {Threei} I said short on .50 break
[13:00] {Threei} who porevented you?
[13:00] {nemo} where
[13:00] {Les} your a bad man Vad
[13:00] {Threei} [12:50] {Les} GLD for a bounce or b/d?
[13:00] {Threei} [12:52] {Threei} .50 break is for ashort
[13:01] {Threei} how the heck am I bad?
[13:01] {Les} you didn't share
[13:01] {nemo} oh, didnt see that, nephew home early froom school
[13:01] {Threei} 13:00] {Threei} [12:52] {Threei} .50 break is for ashort
[13:01] {Threei} hw the heck did I not share?
[13:01] {Les} and you got in beforehand with a .10 head start
[13:01] {Les} it jumped straight over trigger
[13:01] {Threei} type of entry is personal decision
[13:02] {Threei} it's a mater of trading tyle
[13:02] {Threei} I am not going to tell you how you should manage your risk
[13:02] {Threei} I am showing you the ways to do it, you pick among them
[13:02] {Threei} none of them is better or worse
[13:03] {nemo} bounced right at support
[13:03] {Threei} so let's agree: unless you are female, blonde, 6 ft high and under 25 - don't call me bad
[13:04] {Les} will send email to my sister tomorrow
[13:04] {Threei} - Indirect bidders take 34.9% of competitive bids, with 67.28% alloted at high
[13:05] {Les} GLD looking breakdownish again
[13:05] {Threei} not my type of trade
[13:05] {Threei} vertical drop
[13:06] {Threei} btw Ilana, this is second short in a row on GLD that works
[13:06] {Les} out for +.15. OK, so you're not so bad anymore
[13:06] {Threei} probably time to un-hate it
[13:08] {nemo} rimm looking short
[13:08] {nemo} lotta' buying at .7
[13:08] {nemo} .07
[13:11] {Les} CAT consolidation before b/d?
[13:11] {nemo} risk reward not great though, break of five and 1:1 would be .90, lotta support
[13:12] {larisa} whats "break of five"?
[13:12] {nemo} .05
[13:13] {nemo} sorry
[13:13] {nemo} english, second language
[13:13] {Les} what, your second language nemo?
[13:13] {Les} you speak la bon italiano?
[13:13] {larisa} 5 getting more respect then 7 0 or 9 :)
[13:14] {nemo} used to when my grandmother was alive
[13:14] {nemo} I speak german
[13:14] {Les} cool
[13:16] {nemo} well, Rimm still valid by the proverbial hair
[13:17] {Les} .90 break down on CAT looking fimer
[13:17] {Les} firmer
[13:18] {Les} gonna visit sister in Stuttgart maybe 21st
[13:18] {nemo} Stopping at Daimler Benz
[13:18] {Les} the whole city is a factory showfloor
[13:18] {Les} of new model cars
[13:20] {nemo} don't think I'd go after cat if it triggers Les
[13:20] {dino} trgt hl l /00
[13:20] {dino} .
[13:20] {Les} too late. dishes are done maaaan.
[13:21] {magoo} moprning
[13:21] {nemo} you get one mags?
[13:21] {Threei} hey mags
[13:21] {dino} silver blood
[13:22] {Les} hey mags. I'd fish slap ya but I'm against cruelty to americans
06[13:23] * nemo slaps Les around a bit with a large book of trading room etiquette...w/spikes
[13:23] {magoo} how was morn trading?
[13:23] {nemo} pretty good
[13:23] {Threei} 4 out of 5
[13:24] {magoo} sigh..i knew it:)
[13:24] {Threei} look at last GLD short
[13:24] {Threei} RIMM behaved better today too
[13:25] {magoo} no choice..was out plowing
[13:26] {Les} out CAT for +.08. gotta go. back for close
[13:33] {magoo} bounce time gld vad?
[13:34] {Threei} doesn't feel right to me
[13:34] {Threei} bounces look like just nmatural volatility
[13:34] {Threei} main direction is still down, IMO
[13:35] {magoo} well it bounced .30 cents
[13:37] {Threei} so I was wrong
[13:37] {Threei} gimme that snowthrower
[13:37] {nemo} don't do it again, Vad
[13:37] {magoo} i btook it anyway
[13:37] {Threei} can't promise nemo...
[13:38] {magoo} just wanted your blressing
[13:39] {magoo} out .93
[13:39] {Threei} lol
[13:39] {magoo} + .30
[13:39] {Threei} go fix snothrower
[13:39] {Threei} then give it to me
[13:39] {Threei} you'll call trades, I'll clean snow
[13:40] {magoo} i must have a setting"fill and cancel" cause if i fill say half the remaining order is canx..u know where that setting is?
[13:40] {magoo} is thatthe auto cabncel?
[13:41] {Threei} no, you must have set it somewhere
[13:41] {magoo} bottom of ttrade settings in lev 2?
[13:41] {Threei} I don't remember where
[13:41] {Threei} don't see it there
[13:42] {magoo} in lev 2 settings..what u have bottom center in Auto cance/replace? i have 5
[13:43] {Threei} 5
[13:43] {Threei} but that's not it
[13:49] {magoo} btw, it was a good bounce scalp and YOUR direction call weas correct also
[13:50] {Threei} ah you are just trying ot make me feel better... quit being so getle and give me that snowthrower
[13:52] {magoo} how about this twist..ill be the snowthrower..throwing them at u
[13:52] {Threei} lol
[13:56] {magoo} hey trev
[13:56] {magoo} dcc
[14:06] {Threei} GLDS... probably long scalp on 110 break
[14:06] {Threei} GLD
[14:07] {ilana} in .83
[14:07] {ilana} i mean .93
[14:07] {magoo} in .90
[14:07] {Threei} you are aggressors
[14:08] {ilana} aggroissa aggressors
[14:16] {ilana} i'm afraid it's time for SPY reversal, according to the chart?
[14:16] {ilana} out .99
[14:16] {nemo} volume looks good
[14:19] {magoo} trimm
[14:19] {magoo} RIMM
[14:19] {Threei} PRU Hearing BofA/Merrill Lynch names PRU, APA, BA, HON, ORCL "5 stocks to own for 2010" (46.92, +0.04, 0.09%) (related APA BA HON ORCL )
[14:21] {dino} egn
[14:24] {Threei} mags
[14:24] {magoo} ya a
[14:24] {Threei} get ready to get out into next sharop spike
[14:24] {Threei} unless you went in just for a scalp, in which case, just get pout
[14:24] {Threei} out
[14:25] {magoo} was thinking .20 area
[14:26] {Threei} depends on your intetnions... if scalp, you have it,
[14:26] {Threei} but if yoyu want more - .20 doesn't make much sense
[14:26] {magoo} my intentions are greedy
[14:26] {Threei} I mean if it goes there from here, it will go higher
[14:27] {larisa} whats with GRMN today?
[14:27] {magoo} well..was waitin .28
[14:27] {magoo} thats a level
[14:28] {nemo} Xmas
[14:28] {Threei} it had a few news items
[14:28] {larisa} 12:30 pop up
[14:29] {Threei} 1:10:12 PM
[14:29] {Threei} Garmin Ltd Exec: Plans to release several Nuvifone models in 2010 - Barclays conf comments
[14:29] {Threei} - 2010 gross margins should remain largely similar to 2009 levels.
[14:29] {Threei} - Forecasts long-term growth rate of 10-15%.
[14:29] {Threei} - Currently evaluating several acquisition opportunities.
[14:29] {dino} grmn, faa stc for gts series
[14:29] {Threei} 7:05:05 AM
[14:29] {Threei} Garmin Ltd Granted FAA approval for TAS and TCAS traffic systems
[14:29] {Threei} - The FAA has granted an approved model list supplemental type certificate (AML-STC) for the Garmins TAS and TCAS I traffic systems, the GTS 800, GTS 820 and GTS 850. The initial AML-STC includes approximately 580 different aircraft makes and models and Garmin expects to add additional aircraft to the AML-STC in 2010.
[14:31] {magoo} covered .04 TY
[14:31] {magoo} may reload
[14:33] {magoo} reloaded it .08
[14:37] {Threei} spike is coming
[14:37] {Threei} came I mean
[14:37] {Threei} well, at the time i meant it was coming
[14:37] {Threei} but now I can state it came
[14:37] {dino} ralllllllllllllllllllllly
[14:38] {Threei} :)
[14:38] {Threei} got it mags?
[14:38] {magoo} RIMM
[14:38] {magoo} we missed it
[14:38] {Threei} did you get exit on GLD?
[14:38] {magoo} scroll up
[14:38] {Threei} I see you reloaded
[14:38] {Threei} I don't see you exited
[14:39] {magoo} no, see the greed part lol
[14:39] {Threei} you have problems with eyes
[14:39] {Threei} your eyes should be focusing on prifit at hand... instead they look for profits you missed
[14:40] {magoo} now that hurts
[14:40] {nemo} rnext resistance for rimm 65
[14:40] {Threei} finally... made my day :)
[14:40] {magoo} more like .40 area resist
[14:40] {Threei} I made some nice calls, made monay AND hurt someone's feelins - all in one day
[14:41] {magoo} only thing left to complete perfect day is go out and kick a cat
[14:42] {ilana} CAT is consolidating, real needs a kick :-)
[14:42] {nemo} volume not right, but if market keeps going
[14:44] {Threei} sorry can't help there
[14:44] {Threei} I don't kick cats
[14:44] {magoo} but u have no issues kickin magoos
[14:44] {Threei} not at all
[14:45] {ilana} c'mon RIMM, any chance to enter?
[14:45] {magoo} out .40 TY
[14:45] {Threei} GLD?
[14:46] {magoo} ya ya
[14:46] {Threei} beautiful
[14:47] {magoo} magoo blushes, cant understand the emotional turmoil vad purtting him thru
[14:47] {Threei} lol
[14:48] {fernp} QID if breaks lod, Vad?
[14:49] {Threei} I'd feel much better about this trade if it bounce ro 21 first
[14:49] {Threei} then lost .90 for short
[14:49] {fernp} ty
[14:50] {nemo} amzn very sedate in this up move
[14:55] {Les} AWIAV?
[14:55] {Threei} NATM
[14:55] {Threei} not at the moment
[14:55] {Threei} but got couple good ones inbetween
[14:56] {Threei} inbetween your appearances I mean
[14:56] {Threei} and I hurt magoo's feelings
[14:56] {Les} yeh yeh
[14:56] {Threei} which is my highest achievement for the day
[14:56] {nemo} that's impossible
[14:57] {Threei} what yeh yeh? you don't believe me?
[14:57] {nemo} I don't believe he has feelings
[14:57] {Les} lol, just read the log
[14:57] {Threei} The you know I spoke nothing but truth
[14:57] {Les} don't try that on me. I'll get emotional and break the computer screen or something like that
[14:57] {Threei} thus spake I
[14:58] {Threei} try what? hurting feelings?
[14:58] {Threei} fern, I guess QID is ready
[14:58] {fernp} im in
[14:58] {Threei} kind of 50/50 but stop is .95
[14:59] {fernp} 5 cents stop
[14:59] {Threei} so risk is ridiculously small
[14:59] {Threei} right'
[14:59] {fernp} :-)
[15:00] {Threei} Bank of America Corp Completes TARP repayment as expected
[15:00] {Threei} - As previously announced, the company sold 1.286 billion common equivalent securities, generating gross proceeds of approximately $19.29 billion. The offering was priced at $15.00 per common equivalent security and its proceeds, along with existing corporate funds, were used to repurchase all the preferred stock issued to the U.S. Department of the Treasury. The company also paid the government $190 million in accrued dividends on the repurchased preferred securities.
[15:01] {Threei} now, in case someone has some New Zealand investments
[15:02] {Threei} anyone uses IPhone?
[15:02] {Threei} AT&T Corp To introduce incentives to curtail 'excessive' iPhone usage - WSJ (update)
[15:02] {Threei} - Claims that there are users using more than their 'fair share' of bandwidth; and could incur a higher monthly bill in the future; claims that 40% of network capacity used by 3% of the smartphone users
[15:02] {Threei} - Exec also calls for plans to increase network coverage in major metropolitan areas with a large concentration on smartphone users
[15:02] {fernp} out
[15:03] {Les} FCX
[15:03] {Threei} nice QID
[15:03] {Threei} 1:2
[15:03] {nemo} oh...tht was a short
[15:04] {Threei} hmm?
[15:04] {Threei} what else could it be?
[15:04] {nemo} I missed the call, and saw fern in
[15:04] {nemo} duh
[15:04] {fernp} i still have some MRVL from .05 Is good idea hold it overnight, Vad?
[15:05] {ilana} what does it follow - FAZ?
[15:05] {Threei} I've no slightest idea fern...
[15:05] {Threei} what ilana?
[15:05] {ilana} QID
[15:05] {Threei} no
[15:05] {Threei} QID is NASDAQ short
[15:06] {ilana} ok
[15:06] {Threei} buying QID you are saying I am going shoirt NASDAQ
[15:06] {Threei} shorting QID, as we did, you bet on NASDAQ going up
[15:06] {ilana} i c
Session Close: Wed Dec 09 15:09:39 2009

Session Start: Wed Dec 09 15:09:39 2009
Session Ident: #discussions
02[15:09] * Disconnected
02[15:12] * Attempting to rejoin channel #discussions
03[15:12] * Rejoined channel #discussions
[15:12] {Threei} lost connection
[15:12] {nemo} rimm going for 65?
[15:14] {Threei} rather yes than no
[15:14] {Threei} but no setup
[15:16] {Threei} somwething's wrong with room connections today
[15:20] {Threei} can I have my QID back?
Session Close: Wed Dec 09 15:25:20 2009

Session Start: Wed Dec 09 15:25:20 2009
Session Ident: #discussions
02[15:25] * Disconnected
02[15:25] * Attempting to rejoin channel #discussions
03[15:26] * Rejoined channel #discussions
[15:26] {Threei} am I here?
[15:26] {Threei} and not in existential philosophical sense
[15:26] {nemo} damn!
[15:26] {dino} booted again
[15:29] {dino} anyway, got out of kss .79, +.29
06[15:29] * nemo kicks Vad with a pair of steel toed moccasins
[15:29] {Les} yep
[15:29] {larisa} got .20 off RIMM short, stubborn creature. thanks nemo for alert
[15:29] {Threei} nemo made an alert?
[15:29] {Threei} while I was gone?
[15:30] {nemo} not really, just mentioned RIMM going for 65
[15:30] {larisa} RIMM res at 65
06[15:30] * Threei ;s eyes mositen up
06[15:30] * Threei is so proud
[15:30] {nemo} I said earlier, if it got by 64, next stop 65
[15:30] {Threei} pass me a tissue
[15:30] {nemo} oh jeez.
[15:31] {Threei} wait
[15:31] {Threei} this comment by didn't go through?
[15:31] {Threei} [15:12] {nemo} rimm going for 65?
[15:31] {Threei} [15:14] {Threei} rather yes than no
[15:31] {larisa} lol
[15:31] {nemo} way earlier
[15:32] {larisa} sinse 63 no pullbacks
[15:32] {nemo} very minor consolidations
[15:33] {Les} fcx .00 b/d?
[15:33] {nemo} only thing les, next major support is .90
[15:33] {Les} or is it bouncing?
[15:33] {nemo} not much for r/r
[15:35] {nemo} mmmhhhh...this major level for cat
[15:36] {Les} .24/25 strong resistance. quick short with tight stop before close?
[15:37] {nemo} for cat?
[15:37] {magoo} awiav?
[15:37] {nemo} trance
[15:37] {Threei} natm
[15:37] {nemo} I'm communing with the spirits
[15:37] {Les} lot of shares traded at .25
[15:38] {nemo} all I want is 6 lousy numbers
[15:38] {dino} evep
[15:38] {nemo} rimm had nice short setup at high, but no cajones to short such a strong stock
[15:39] {nemo} mags probably did
[15:39] {larisa} i did on divergence
[15:39] {nemo} quite the set you have
[15:39] {Les} partialed out cat .19 +.05
[15:39] {larisa} but for scalp only
[15:39] {larisa} very windy here, do not want to lose electricity
[15:39] {magoo} not my style to short RIMM when powering up up up
[15:39] {Les} fully out .14 +.10
[15:40] {magoo} thats why larisa and i broke up...her cajones LOL
[15:40] {nemo} oh...he/she
[15:40] {larisa} exactly
[15:40] {dino} lol
[15:40] {magoo} i meant figuratively
06[15:40] * magoo slaps nemo around a bit with a large trout
[15:41] {nemo} thank god it's a trout
[15:41] {magoo} like when u have a girlfriend who is the BOSS
[15:41] {magoo} i like to be the boss
[15:41] {nemo} that never lasts long
[15:42] {dino} it's good to be the king
[15:43] {larisa} if you have no girlfriend.. who are you bossing around? do you have a cat?
[15:43] {magoo} who is that directed at?
[15:43] {Threei} heh... as if cats allowed to boss them around
[15:44] {nemo} at whom
[15:44] {larisa} at you silly, you said you like to be a boss
[15:44] {Threei} mine totally owned me
[15:44] {larisa} lol
[15:44] {nemo} he just gives himself orders in the mirror
[15:44] {Les} male guinea pigs like to be boss of their own cage. no female required.
[15:44] {Les} such a sweet life that would be
[15:45] {dino} put guinea pig on freecycle, gone in 1 hour
[15:46] {dino} hated that thing, so made deal w/daughter, pig goes she gets cat
[15:46] {nemo} I know this is sticking my chin out, but goats are really cool
[15:46] {dino} lol
[15:46] {Les} yeh my dad has a herd
[15:46] {dino} dogs the best
[15:46] {nemo} they're really sweet
[15:46] {magoo} (colotful joke in nemo's address)
[15:46] {nemo} dogs are cool too
[15:47] {nemo} (colorful self-deprecating joke)
[15:47] {magoo} roflol
[15:47] {larisa} this is professional room (meek attempt to return order)
[15:47] {nemo} no
[15:47] {nemo} this is an asylum
[15:47] {Les} Ok I'll leave before I disgrace myself after Nemo's last. night all
[15:48] {Raven} {}{}{}
[15:48] {nemo} (colorful joke in Les's address)
[15:48] {larisa} bye les
[15:48] {magoo} spend more
[15:48] {Threei} sigh... my life was so good when I lost connection
[15:48] {Threei} why oh why did I ever get back
[15:48] {Raven} lots of after hour editing tonight 3i :)
[15:48] {nemo} nah, just last 5 minutes
[15:49] {Threei} just wait to see the final version when I post it
[15:49] {Raven} unbelievable
[15:49] {nemo} spent any time on the stage Raven?
[15:50] {Raven} none
[15:50] {Raven} the doors of those thangs are too small for me to get in
[15:51] {nemo} oy vay
[15:51] {Raven} (colorful joke)
[15:51] {Raven} horses
[15:51] {dino} cmtl s hl .49
[15:51] {nemo} freudian...your middle name "Tiger"?
[15:51] {Threei} I am in stitches here
[15:52] {Threei} et tu raven
[15:52] {Raven} what a room
[15:52] {nemo} Yeah....and you stay ...
[15:53] {Raven} I cannot help meself
[15:55] {fernp} I will hold overnight a small lot of MRVL from .05 and VMED .90 let's see what happen
[15:55] {fernp} good evening everybody. see you all tomorrow
[15:55] {nemo} Noches
[15:55] {Threei} take care fern
[15:56] {dino} cya fern
[15:56] {strider} Back just in time to say bu-bye again.
[15:57] {Threei} than you all
[15:57] {Threei} nice day
[15:58] {Threei} have a great evening, see you tomorrow
[15:59] {dino} cya vad
[15:59] {dino} cmtl stopped
[15:59] {strider} Sure will be glad when my days aren't cut short.....Hopefully after tomorrow.
[15:59] {larisa} bye all
[15:59] {strider} bye larisa.
[15:59] {larisa} bye strider
[16:00] {strider} :)
[16:00] {dino} gn all

Labels: , , ,

Tuesday, December 8, 2009

Dec 08 2009

That was mind-numbingly boring day. Between some scalps and stops, just slightly up thanks to GLD short; narrow range for the most of the day just didn't provide enough opportunities.

Session Time: Tue Dec 08 00:00:00 2009

[07:52] {Threei} JASO UPDATE: Weisel Raised JASO to Market Weight from Underweight, price target: $4
[08:04] {Threei} XLNX Guides Q4 +16-20% q/q (+6-10% prior) (23.24, 0.00, 0.00%)
[08:05] {Threei} (US) Meredith Whitney: Underlying earnings power will flag in Q1 of 2010, there is no demand at middle to low end as there is no access to credit in this segment - CNBC (related EUR/USD XLF )
[08:12] {nemo} Hi Raven
[08:12] {Raven} hello
[08:12] {nemo} mornin' fern
[08:12] {nemo} day strider
[08:13] {nemo} you going to get pummelled with snow out there in Michigan?
[08:14] {Raven} possibly ... but there is going to be a mix of rain and snow in some areas so it is not a sure thang
[08:15] {nemo} you seem to have quite the affinity for certain vernacular
[08:15] {Raven} lol ... it amuses me
[08:16] {nemo} me too
[08:18] {Threei} who is that vernacular?
[08:18] {nemo} it's a "what" specifically "thang"
[08:31] {strider} AIG estimates lowered due to P&C segment weakness at UBS
[08:38] {Les} I disagree with this notion Vad. survival may well be wired into human beings, so suggests evolutionary psychology and biology.
[08:39] {Les} and good morning
[08:39] {Threei} good morning
[08:39] {Les} thank heavens learning is not compulsory.
[08:39] {Les} otherwise I'd have to get a real job
[08:39] {nemo} maybe les, but then free will can get in the way
[08:40] {Threei} Ayn Rand: humans are the only beings whose means of survival--reason--is not automatic
[08:40] {Les} not sure about free will nemo
[08:40] {nemo} Some people just give up and die
[08:40] {nemo} they make a choice
[08:41] {Threei} anyway, that was a half joke
[08:41] {Les} yeh i understood that
[08:41] {Threei} with meaning of learning necessary for surviavl
[08:41] {nemo} 1/4 joke if lucky
[08:42] {strider} KR gap down
[08:43] {Les} fcx too
[08:44] {nemo} pessimists
[08:45] {Les} prefer pressimism than coma
[08:45] {Les} pessimism too
[08:48] {strider} long KR 20.15, stop below 20.
[08:50] {Moose} :P
[08:51] {Les} AZO in red despite positive earnings. Judging from yesterday's trading range this is worth watching
[08:51] {Les} hey moose back at ya
[08:57] {fernp} Good morning everybody
[08:57] {Moose} hi fernp
[08:57] {Threei} fern, moose :)
[08:59] {Threei} (IA) Iranian Spokesperson: Claims that nuclear scientist has been abducted by US (related GLD USD/GCC )
[08:59] {strider} out KR +.16
[09:02] {Moose} wtg Strider
[09:03] {strider} morning Moose, how is the great state of Tennessee this morning?
[09:03] {Moose} wet
[09:03] {Moose} 2nd day of rain
[09:04] {Moose} brb
[09:04] {strider} KR now in c&h
[09:05] {strider} left most of the money on the table.
[09:06] {strider} looks like rain here, too, moose.
[09:10] {Moose} back... where are you strider?
[09:10] {strider} Hickory, NC
[09:10] {strider} east side of the foothills.
[09:10] {Moose} oh, thats right... yup, its moving your way
[09:19] {Threei} keeping eye on WFC
[09:20] {ese} morning
[09:20] {Threei} ese :)
[09:20] {fernp} ese
[09:20] {ese} whats new and exciting in the world of trading
[09:20] {ese} fern vad
[09:21] {BillyD} GM everyone
[09:21] {ese} billy
[09:21] {Threei} UAUA UPDATE: Jesup & Lamont Raised UAUA to Buy from Hold, price target: $15
[09:21] {Threei} Billy :)
[09:22] {BillyD} ese, you gonna wrestle GERN today
[09:22] {ese} still am......L 6.03
[09:22] {BillyD} from the other day?
[09:22] {ese} just kept that position from last week
[09:22] {BillyD} got it
[09:23] {lasertrev} morning
[09:23] {BillyD} hi trev
[09:23] {ese} not much though 1/2 lot
[09:23] {Threei} trev :)
[09:23] {BillyD} 20k for you
[09:23] {Threei} GERN had some news
[09:24] {ese} will check that out
[09:24] {BillyD} yes
[09:24] {Threei} 5:55:29 AM
[09:24] {Threei} UAL Corp Expects to announce orders for 50 wide-body aircraft - WSJ
[09:24] {Threei} - Article noted that the company was expected to spilt the order for 25 787 aircraft and 25 A350s.
[09:25] {Threei} 7:57:52 AM
[09:25] {Threei} UAL Corp Confirms order for 25 Airbus and 25 Boeing units
[09:25] {Threei} - United ordered 25 Airbus A350 XWB aircraft and 25 Boeing 787 Dreamliner aircraft and has future purchase rights for 50 of each aircraft.
[09:25] {Threei} - United expects to take delivery of the aircraft between 2016 and 2019; at the same time it will retire its international Boeing 747s and 767s.
[09:26] {Threei} UAUA daily looks interesting for 10 break
[09:26] {dino} gm all
[09:26] {Threei} dino :)
[09:27] {Threei} WFC no bounce with market
[09:29] {strider} KR broke major support
[09:29] {larisa} gm all :)
[09:29] {strider} mmorning everybody.
[09:29] {BillyD} larisa :)
[09:29] {BillyD} Strider :)
[09:29] {Threei} larisa, strider :)
[09:29] {larisa} billy, vad :)
[09:29] {ese} dino ST laris
[09:30] {strider} :)
[09:31] {Threei} Short Setup: WFC .95
[09:31] {Threei} stop above 26.10
[09:31] {strider} in
[09:31] {Threei} 26.05 for scalpers
[09:32] {Threei} should be good for more... morning volatility is a concern though
[09:32] {Threei} could be a trade we will revisit
[09:32] {Threei} ugh, missed UAUA
[09:33] {Threei} .90 should send WFC down screaming
[09:34] {nemo} cat crash fever
[09:35] {dino} nugent
[09:35] {nemo} yeah
[09:36] {Threei} let's trail WFC to above .05
[09:40] {Threei} out WFC
[09:40] {strider} out
[09:40] {Moose} ditto
[09:40] {Les} ditto
[09:40] {fernp} out
[09:40] {strider} that one looked really good, too.
[09:40] {Threei} yes, and still does
[09:41] {Threei} let's sit out this opening uncertainty
[09:41] {Threei} it remains solid short candidate
[09:42] {dino} mtn
[09:42] {Threei} (US) Preview: Dec IBD/TIPP Economic Optimism due out at 10amET
[09:42] {Threei} **consensus expectation: 48.8e v 47.9 prior
[09:43] {Threei} F Nov Russian car sales seen down 48% y/y (8.85, -0.06, -0.67%) (related RSX )
[09:44] {Les} CAT setting up for b/d?
[09:44] {Threei} can't tell
[09:46] {Threei} feels like bounce to me at the moment
[09:46] {Les} its following market
[09:46] {Threei} Long Setup: CAT .60 break
[09:46] {Threei} if stays above .50
[09:47] {magoo} hey
[09:47] {Threei} mags
[09:48] {dino} meli sm l .01
[09:48] {dino} stop lod
[09:49] {Moose} in CAT
[09:49] {Threei} took aggresicely?
[09:49] {Moose} what what?
[09:49] {strider} in .61
[09:50] {Threei} 1:1
[09:50] {Moose} out +.13
[09:50] {Moose} .12
[09:50] {ese} out gern .19 +.16
[09:51] {ese} added another 500shs at was a good profit
[09:51] {Threei} wtg ese, this is not an easy one to profit from
[09:51] {dino} gj
[09:52] {ese} definitely......
[09:52] {Threei} GERN's path in the market over last 10 years is marked with many tumbstones
[09:53] {ese} having a 1/2 from before helped......was able to give it a wide berth so it could move and i wasn't too woried about it....might have been dn $230.00 at most
[09:54] {Threei} that's a good dinner in Paprika Bistro
[09:54] {ese} because i was in i'd been watching it and so it was easy to see the momo
[09:54] {Threei} wasn't too keen on CALLIN WFC long on .10 break
[09:54] {ese} definitely......
[09:54] {dino} meli to .41
[09:54] {Threei} volume looked strange
[09:55] {Threei} in retrospect, I need to think less
[09:55] {Moose} i heard that their Cowichan Bay Duck Breast is wonderful
[09:56] {Threei} like you'd never believe
[09:56] {dino} out mei .82, +.81
[09:56] {fernp} gj dino
[09:56] {Threei} who partialled CAT, get out here
[09:56] {dino} ty
[09:58] {fernp} HIG hod
[09:58] {BillyD} Vad, you partial CAT? I was going to but it broke .60 so got out on the bounce back into .68
[09:59] {Threei} I didbn't but I got in aggressively
[10:00] {BillyD} ok
[10:00] {Threei} just know that strider often partials them so I threw in a comment
[10:00] {fernp} TGT short, Vad?
[10:00] {Threei} I think so fern
[10:00] {Threei} .50 break, stop above .60
[10:00] {fernp} ok
[10:01] {strider} Hey vad...yeah I partialled CAt...
[10:01] {Threei} cool beans
[10:01] {strider} was on my DSL....get a fax...and it friggin' disconnected me.
[10:01] {nemo} jeezus rimm
[10:02] {strider} worked to my advantage with CAT, but golly......
[10:02] {Threei} MITI Data from Phase 2 Study Confirm High Response Rate of Micromet''s Blinatumomab in Patients with Acute Lymphoblastic Leukemia (6.93, +0.06, 0.87%)
[10:02] {Threei} (US) IBD/TIPP Economic Optimism: 46.8 v 48.8e
[10:02] {Threei} no one cares
[10:02] {Threei} market didn't react in any way
[10:03] {Moose} is TGT offical call or just side note to fern?
[10:04] {Threei} nah
[10:04] {Moose} ok
[10:04] {Threei} I prefer them more defined
[10:04] {Moose} out TGT be
[10:04] {Threei} it's a bit amorpgous
[10:04] {Threei} g=h
[10:04] {Threei} I think
[10:05] {strider} works for me.
[10:05] {fernp} stopped TGT
[10:06] {dino} mtn app. lod
[10:06] {Threei} MITI
[10:06] {Threei} news get attention
[10:06] {Les} WFC b/d .30 trigger?
[10:06] {Threei} see if turns into momo
06[10:07] * Threei squints at magoo
[10:07] {magoo} awiav?
[10:08] {dino} not i
[10:08] {dino} nemo, double bottom mtn?
[10:08] {BillyD} NANO making noise
[10:09] {Threei} NANO is certainly a momo candidate
[10:10] {fernp} SCHW if breaks 18.25, Vad?
[10:10] {ese} dino you scoped safm at aqll
[10:10] {ese} at all
[10:11] {dino} no
[10:11] {Threei} not really delighted fern
[10:11] {dino} am now
[10:11] {fernp} thanks
[10:11] {Les} wfc
[10:11] {ese} was up over $2 for a bit
[10:12] {ese} Q was good...rev was good
[10:13] {dino} 4 cent miss?
[10:13] {dino} kr blood
[10:13] {ese} nope reports .96 vs .93 expected
[10:14] {Moose} we used to shop at KR but now mostly get food from WMT
[10:14] {dino} hmm, saw .96 vs 1.00, but thx
[10:15] {dino} azo rocks
[10:15] {Threei} Sacramento snowed in
[10:15] {Threei} global warming runs amok
[10:15] {fernp} INTC lod
[10:15] {dino} global warming, lol
[10:15] {patience} see Vad, we don't have it so bad
[10:15] {Threei} no kidding, lol
[10:16] {ese} trade the news is where i got my info.....vad's news feed........
[10:16] {dino} 4" snow expected here tonight
[10:16] {Moose} KR still falling it seems
[10:16] {Threei} AONE
[10:17] {nemo} gld near support
[10:17] {dino} kr=krash
[10:18] {Threei} Long Setup: RIMM .60 break
[10:18] {Moose} KR almost touched its daily low back in 03/09/09
[10:19] {Threei} if stays above .50
[10:20] {dino} i like it long
[10:20] {dino} mtn hl l .25
[10:20] {BillyD} out RIMM ty
[10:20] {Threei} over 1:1
[10:20] {Moose} in/out
[10:20] {dino} stop .96
[10:20] {Threei} easy one
[10:20] {Moose} hmmm
[10:21] {dino} scanners solid green
[10:21] {BillyD} CAAS back Vad
[10:22] {dino} kr hl l .65, stop .36
[10:22] {strider} out RIMM, avg. .70
[10:22] {Threei} can't stomach it billy
[10:22] {Threei} spread, thinness
[10:22] {magoo} sad when all we can get with RIMM is measly dime imo
[10:22] {Threei} (US) Reportedly Pres Obama to call for tax cuts and elemination of capital gains taxes on small business for one year
[10:23] {dino} rimm sucks
[10:23] {BillyD} lol
[10:23] {magoo} vads call
[10:23] {Threei} sheesh, just buy AAPL
[10:23] {dino} wow obama may finally get something
[10:23] {magoo} sensitive there boss?
[10:24] {dino} so if that would work, why ever have cap. gains tax?
[10:24] {Threei} I take offense on RIMM's part
[10:24] {nemo} gotta' soak the rich
[10:24] {Threei} poor bastard isn't to blame for market suckiness
[10:24] {nemo} that's anybody making over 40k a year, btw
[10:24] {dino} fear the reaper (destryer0
[10:24] {nemo} BOC
[10:25] {strider} BAC?
[10:25] {Threei} dunno dino... evil is in details
[10:25] {nemo} no in reply to Dino's reaper comment
[10:25] {Threei} I am yet to hear the proposxal before I get any optimistic
[10:26] {Les} wfc .25 b/d?
[10:26] {Threei} this is typical "let's solve our problems by extraction money from rich" administration
[10:26] {dino} ironic tho, he is admitting that lower taxes should get things moving
[10:26] {nemo} yeah, because a hiring tax credit is useless if you have no profits
[10:26] {Threei} starts looking like that Les
[10:27] {Threei} but the thing about WFC is,
[10:27] {Threei} it largely moves with market, gioving some divergincies here and there,
[10:27] {dino} i froze mtn when i took it
[10:27] {Threei} and while those divergencies hint olf likely direction
[10:27] {dino} kr too
[10:27] {Threei} it still needs market to lead
[10:28] {Threei} so, my thought is,
[10:28] {Threei} return to the idea of shorting it later in the day
[10:28] {Threei} when/if markert starts its late decsent
[10:28] {Threei} descent too
[10:29] {Threei} NANO honestly trying
[10:29] {strider} RIMM looking short.
[10:30] {dino} snhy spike, thin
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 250M shares, about 7% below its three-month average; decliners lead advancers by 3.7:1.
[10:31] {Threei} - NASDAQ volume 500M shares, about 7% below its three-month average; decliners lead advancers by 2.5:1.
[10:31] {Threei} - VIX index +5.3% to just over 23.00
[10:31] {BillyD} hard to tell if NANO has enough gas int the tank
[10:31] {Threei} volume is abot better today
[10:32] {Threei} a bit
[10:32] {Threei} it's one of those Billy...
[10:32] {strider} dino, KR
[10:32] {Threei} either you are have a feel for it
[10:32] {Threei} or you are not magoo
[10:33] {magoo} far its NOt showing momo
[10:33] {magoo} its moving up..but its not momo-ing
[10:33] {Threei} it's a bit peculiar one mags
[10:33] {Threei} you were on your hunting expedition when it had its momo
[10:33] {magoo} ya ya
[10:34] {Threei} yes... you missed two momos that week
[10:34] {Threei} SEED and NANO
[10:34] {dino} strider in it at .65
[10:35] {Threei} Freddie Mac: Home prices increased in Q3 by 1.1%, the second quarter in a row with rising prices (related FRE FNM XHB XLF )
[10:35] {ese} re reading dino's RIMM sucks comment......i'd like to whole heartedly endorse that statement.........mags a has tried to help me make money there......but it just can't be done
[10:35] {Les} finally a quick CAT scalp that worked. gotta fly. taxi time.
[10:35] {ese} see ya les
[10:35] {magoo} WAIT LES
[10:35] {strider} later Les
[10:36] {Threei} Les, duck
06[10:36] * magoo slaps Les around a bit with a large trout
[10:36] {Threei} told ya
[10:36] {ese} look out
[10:36] {dino} lol es, same problem w/it
[10:36] {Les} Les no more
[10:36] {Threei} lol
[10:36] {strider} now, even less
[10:36] {nemo} we won't have Les to kick around
[10:36] {Les} for an hour
[10:36] {Threei} we will but less
[10:36] {magoo} overall vad and i make good dough on RIMM..but a dime scalp on it is not the norm
[10:36] {dino} cya les
[10:36] {nemo} we'll talk about him while he's gone
[10:37] {Threei} mags et all, my view on RIMM:
[10:37] {magoo} now AIG..THAT SUX along with DRYS
[10:37] {Threei} it's a great trading vehicle,
[10:37] {Threei} but as everything in life, it goes through cycles
[10:37] {Threei} contraction and expansion
[10:37] {Threei} its tradeability is contracting right now,
[10:37] {Threei} it will be back at some point
[10:37] {dino} like drinkability
[10:38] {Threei} it's Ecclesiatus or how you spell him
[10:38] {Threei} time to trade Rimm
[10:38] {Threei} and time to drink
[10:38] {BillyD} time for everything
[10:38] {magoo} i like to drink while trading rimm
[10:39] {Threei} many stocks go through same thing
[10:39] {Threei} remember time when CAT was our daily bread and butter?
[10:39] {fernp} WFC dt?
[10:39] {Threei} or C&H fern
[10:39] {dino} everything, imo
[10:39] {ese} L fitb .39
[10:39] {Threei} yes
[10:39] {Threei} look at ese and FITB for illustration
[10:40] {Threei} remember when it was his ATM on daily basis?
[10:40] {Threei} then he didn't tough it for weeks if not months
[10:40] {Threei} not wets his toes in it again
[10:40] {nemo} he didn't what?
[10:40] {Threei} noqw
[10:40] {Threei} now
[10:40] {Threei} touch, nemo... gosh, get that dictionary already
[10:41] {Moose} Touch
[10:41] {Threei} or HIG
[10:41] {nemo} sorry, my bad
[10:41] {Threei} remember when this thing fed us 3-5 trades every day?
[10:41] {Moose} touch
[10:41] {dino} giddy-up
[10:41] {Threei} try to get something out of it now
[10:41] {Moose} heh
[10:42] {Threei} Long Setup: WFC .35 break if stays above .30
[10:42] {Threei} aggressive C&H entry
[10:42] {Threei} low risk
[10:42] {ese} assuming the qqqq's break above .65 fitb should then move
[10:42] {Threei} will work only if market stages breakout
[10:43] {Threei} but the size of the stoop ridiculous
[10:43] {Threei} stop too
[10:44] {Threei} VVYV...
[10:44] {Threei} VVTV
[10:44] {ese} the fills kill me .389882 for fitb
[10:44] {Threei} lol
[10:44] {BillyD} tough times ese
[10:45] {Moose} invalid
[10:45] {BillyD} every 1/1000000000 counts
[10:45] {Threei} market tripped onto something and invalidated WFC
[10:45] {ese} i'll say
[10:45] {Threei} lol billy
[10:45] {BillyD} RWC short off .25
[10:46] {BillyD} don't like the .15 stop though
[10:46] {dino} out kr .01, +.36
[10:46] {Moose} nice
[10:46] {strider} wtg, dino.
[10:46] {dino} ty
[10:46] {ese} let me just calculate a .86577324561 gain quickly fro from .389882......let me see now
[10:46] {dino} ty, you guys take it?
[10:47] {patience} meredith whitney scheduled for cnbc today...anybody know what time?
[10:47] {strider} not me. I had a premarket trade with it.
[10:47] {nemo} already on I think
[10:47] {nemo} says the consumer is screwed stocks will tank
[10:47] {magoo} was at 8 am
[10:47] {strider} MTN
[10:47] {patience} ty
[10:47] {dino} already talked 8ish
[10:47] {patience} sigh....was hoping for some volume from it....
[10:47] {dino} doom and gloom
[10:48] {patience} i'll take doom and gloom as long as it gives me some volume to trade
[10:48] {dino} mtn, out .55 +.30
[10:48] {nemo} yeah Elizabeth Warren seems to agree
[10:48] {nemo}
[10:51] {ilana} any news on VVTV?
[10:52] {Moose} guess we shoulda shorted WFC
[10:53] {Threei} 08:00 AM [VVTV] Reports Q3 -$0.40 v -$0.62 y/y, R$119M v $125M y/y
[10:54] {dino} vvtv? no news i see.
[10:54] {dino} opps
[10:55] {Threei} Long Setup: GS .15 break smallish shares
[10:55] {Threei} stop under 162
[10:56] {fernp} stopped
[10:57] {ilana} shakeout today...
[10:57] {strider} stopped, -.20
[10:57] {ilana} did you enter before the trigger
[10:57] {magoo} some f'in xmas rally
[10:58] {magoo} everyday is a chore
[10:58] {Threei} what rally?
[10:58] {strider} Me? in .17, out .97
[10:58] {ilana} still valid?
[10:58] {Threei} this Christmas is rallyless
[10:59] {dino} the weather outside is frightful
[10:59] {BillyD} rofl
[10:59] {strider} but inside, vad is so delightful.
06[10:59] * nemo slaps dino around a bit with a large book of Xmas Carols
[10:59] {Threei} after dropping 50 cents, ilana? no way
06[10:59] * nemo slaps strider around a bit with a large bar of soap to clean his brown nose
[11:00] {dino} and since we've no place to go...
[11:00] {strider} GS blows GS blows GS blows
[11:00] {dino} lol
[11:00] {Threei} OK, you pick
[11:00] {BillyD} remember those days growing up in Chicago dino
[11:00] {nemo} careful, janitor will get upset
[11:01] {dino} sure bd, but i grew up in pennsylvania
[11:01] {strider} Hey I've made two good calls on KR today.
[11:01] {nemo} what
[11:01] {nemo} what's your point?
[11:01] {Threei} beautiful - see you all tomorrow, strider runs the show today
[11:01] {strider} 11:00] {&Threei} OK, you pick
[11:01] {nemo} oh
[11:02] {strider} Igotta leave.
[11:02] {Threei} you can't
[11:02] {dino} pru hl .00
[11:02] {BillyD} dino, isn't weather pretty much same
[11:02] {dino} stop .68
[11:02] {dino} yes
[11:02] {BillyD} kind of like it won't end
[11:03] {dino} gj strider
[11:03] {Threei} that was rude on GS part
[11:03] {fernp} very
[11:06] {BillyD} AIG short maybe off .50
[11:07] {Threei} if stays under .60
[11:07] {BillyD} yes
[11:07] {BillyD} see what you caused...hehe
[11:07] {Threei} lol
[11:07] {magoo} WOW FCX
[11:07] {magoo} we need to follow it more vad
[11:07] {Moose} yikes
[11:08] {Moose} bbl
[11:08] {nemo} mags. this is resistance at .50
[11:12] {Threei} 33% Say Government Should Hire Unemployed Americans
[11:12] {Threei} hire to do what?
[11:12] {Threei} and at whose expense?
[11:12] {nemo} collect pay
[11:14] {Threei} we may get this strange out-of-nowhere rally now
[11:15] {nemo} plenty of gap to make up
[11:15] {ilana} who should we rally on?
[11:16] {Threei} Santa Claus?
[11:16] {ilana} too much volume
[11:18] {strider} FCX nice consolidation
[11:18] {fernp} BRCM .80 break Vad?
[11:18] {Threei} if we get NASDAQ breazk, yes
[11:19] {dino} mtn
[11:20] {strider} CC in probress
[11:20] {strider} brogress, MTN
[11:20] {strider} jeez...progress
[11:20] {Threei} it sure is
[11:20] {strider} alternative spellings.
[11:21] {Threei} nah... I can't make mysel;f believe in rally
[11:21] {Threei} just shakeout for shorts, then plunge
[11:24] {Threei} guess who is on what
[11:24] {ilana} BRCM getting there
[11:24] {Threei} President Obama: Working with Congress to extend unemployment insurance and COBRA health insurance
[11:26] {Threei} Looking to cut capital gains tax to zero for one year, implement tax cuts for small businesses
[11:26] {Threei} - Reiterates committment to halve the budget deficit
[11:26] {Threei} - Plans to wind down TARP program
[11:26] {dino} sounds like supply side economics for a year
[11:26] {strider} AMZN pushing for daily high.
[11:27] {dino} laffer curve comeback
[11:27] {Threei} BRCM 1:1
[11:33] {Threei} NANO
[11:33] {Les} AWIAV?
[11:33] {Threei} not at the moe4mnt
[11:33] {Threei} little BRCM scalp
[11:34] {Les} long?
[11:34] {ilana} yes
[11:34] {Threei} see .80 break?
[11:35] {Threei} mags... see NANO?
[11:35] {Threei} this is how thing acted back then
[11:35] {Threei} sneaky
[11:37] {fernp} TEVA .60 breakdown, Vad?
[11:38] {Threei} a bit late...
[11:39] {magoo} yea vad..but its just a nice slow climber..hard to identify as momo
[11:39] {Threei} it changes
[11:39] {Threei} sits with no enthusiasm whatsoever
[11:39] {Threei} then suddenly explodes
[11:43] {Threei} lol... rally
[11:43] {Threei} but so meek
[11:44] {ilana} in TEVA .62
[11:44] {nemo} rimm hod 62.05, it's getting there
[11:44] {nemo} nice ilana
[11:44] {ilana} looked like .50 was strong support
[11:44] {nemo} well nice play, have no idea how nice you are
[11:45] {nemo} not saying your not nice
[11:45] {nemo} I'll stop while I'm way behind
06[11:45] * strider slaps nemo around a bit with a large foot in mouth
[11:45] {Threei} lol
[11:45] {larisa} lol
[11:45] {Threei} I was wondering
[11:45] {ilana} :-)
[11:46] {dino} toung tied nemo
[11:47] {nemo} no
[11:47] {nemo} frickin' akam
[11:47] {Threei} I didn't hear this just now on TV
[11:47] {Threei} no way
[11:47] {Threei} "We are taking responsibility for every dollar spent"
[11:47] {strider} cut deficit in half?
[11:48] {strider} then give half to west coast, and half to east coast.
[11:49] {Les} BS like that and the people still aren't on the street...
[11:49] {strider} wait...he's talking about 'ordinary folks'!
[11:49] {strider} that's US!
[11:49] {Les} when my boy speaks BS like that, he gets sent to his room
[11:50] {Threei} yes - every night he reads letters from us
[11:50] {BillyD} rofl
[11:51] {strider} Which letters do you send him, vad?
[11:51] {larisa} les and vad, let me gently remind you.. you do not live in US :)
[11:51] {Threei} and your point is?
[11:51] {larisa} sometimes i think you forget
[11:52] {patience} but larisa, if the u.s. doesn't do well, then canada does even worse
[11:52] {BillyD} Vad and Les are "armchair US citizens"
[11:52] {nemo} wannabees
[11:53] {Threei} popular saying here, Billy: US sneezes, Canada gets a pneumonia
[11:53] {magoo} i always wonered why vad was so pationate about us affairs
[11:53] {BillyD} very true vad
[11:54] {Threei} mostly because killing your dollar you kill my salary
[11:54] {larisa} I think we need to remove all borders and all become the citizens of the World
06[11:54] * nemo slaps larisa around a bit with a large trout
06[11:54] * nemo slaps larisa around a bit with a large trout
[11:54] {strider} Group Hug!
06[11:54] * nemo slaps larisa around a bit with a large trout
06[11:54] * nemo slaps larisa around a bit with a large trout
[11:54] {larisa} oops
[11:54] {Threei} sure but keep 95% of countries out of that world
06[11:54] * nemo slaps larisa around a bit with a large trout
06[11:54] * nemo slaps larisa around a bit with a large trout
[11:54] {Threei} I'll provide a list
[11:55] {Threei} oh, and if US sneezing causes pneumonia in Canada, imagine what happens here when US gets oneumonia {G}
[11:55] {ilana} larisa's got the point
[11:56] {strider} I hope3 you're checking it twice
[11:56] {ilana} and wether you're willing it or not, thats what happening
[11:56] {ilana} globalization
[11:56] {Threei} list strider?
[11:56] {ilana} "small village" world
[11:56] {strider} yes
[11:57] {Threei} actually I keep checking it, and it gets smaller and smaller with each next pass
[11:57] {strider} Be sure you find out who's naughty and nice.
06[11:57] * nemo slaps strider around a bit with a large dose of alzheimer drugs
[11:58] {strider} ntri upgrade
[11:59] {ese} sizzzzzzzzzzzzzz.........gazzzzzzzzzzerrrrrrrrrrrrrrr......................ah hem.......zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:00] {Les} armchair whats?
[12:00] {Les} rest assured, Australian government need swiff kick up the bum in similar manner to US administration
[12:01] {ese} nodded off and almost fell out.......head snapped......have whiplash now
[12:01] {nemo} fcx interesting chart
[12:01] {Les} 77 b/d?
[12:02] {Threei} RIMM starts looking like preparing for a spike
[12:02] {nemo} I'm thinking that Les.
[12:03] {ese} Gary ya goof..........join the board!!!!!!!!. Sorry thats my usual one month reminder to my brother in toronto who reads vads board at the end of the day. Your cheap man Cheap!!!
[12:04] {ilana} does he trade too?
[12:04] {ese} Now will get the usual abusive day after phone call tomorow
[12:04] {ese} yes....
[12:04] {Threei} ok, RIMM is .80 break long for me
[12:05] {Threei} if stays above .70
[12:05] {Threei} aggressive entry
[12:05] {strider} long FCX .15
[12:05] {strider} stop .00
[12:06] {Threei} invalidated
[12:07] {ese} nice one ST
[12:07] {Threei} same setup, .70 and .60
[12:07] {ese} go fcx go
[12:07] {nemo} or short, break of .65
[12:08] {Threei} or that
[12:08] {nemo} oy vay
[12:08] {ese} oil of Ole what?
[12:08] {ese} Olay
[12:09] {nemo} polish up on your Yiddish ya damn dane
[12:09] {ese} ouch ....hit with the double "d"
[12:09] {nemo} ahhhhh...nevermind
[12:11] {strider} stop to b/e for me
[12:11] {ese} nice trade ST
[12:11] {strider} out....crap
[12:12] {strider} think I blew it.
[12:12] {ese} live and learn
[12:12] {ese} ya did it the safe way
[12:12] {strider} should have taken .29 when it was there.
[12:12] {nemo} sfy
[12:12] {nemo} swy
[12:13] {ese} sfy? swy? ou eh la meaning
[12:13] {strider} Gotta run guys...maybe be back for close.
[12:13] {ese} cya st
[12:13] {Les} ciao st
[12:13] {nemo} you said "safeway" which made me think of KR which made me think of swy
[12:13] {nemo} rimm
[12:14] {nemo} sorry
[12:14] {ese} ahhhhh
[12:14] {larisa} nemo, time for herbal tea, you are too tense :)
[12:14] {nemo} Q's look like either bounce or tumble
[12:14] {Threei} and don't hesitate to add a good dose of vodka in it
[12:14] {nemo} o.k.
[12:14] {nemo} what do you consider a reasonable dose?
[12:15] {ese} 6 oz's
[12:15] {Threei} I didn't say reasonable
[12:15] {Threei} I said good
[12:15] {nemo} that leaves a range
[12:16] {ese} 6oz's....enough for impact yet not enough to kill
[12:16] {nemo} DE testing resistance area on upward wedge
[12:17] {dino} pru stopped -.33
[12:18] {magoo} RIMM
[12:21] {Threei} EPA: Greenhouse gases pose health risk
[12:21] {Threei} ummm... you know which greenhouse gas reperesnts about 98% of them all?
[12:22] {Threei} anyone?
[12:22] {magoo} people
[12:22] {Les} nitrogen?
[12:22] {Threei} nope
[12:22] {magoo} dino appx 47% of all matural gas
[12:23] {Threei} lol
[12:23] {Threei} water vapor
[12:23] {BillyD} lol
[12:23] {Threei} over 98%
[12:23] {Threei} damned CO2 is less than 1%
[12:23] {Threei} so, two things
[12:24] {Threei} first, slightest natural vartiaon on water vapor will be bigger than whole aamount of CO2 in athmosphere
[12:24] {Threei} and second, saaince it's a healt risk, I fully expect EPA to fine water for vaporizing?
[12:26] {Threei} market fizzles out
[12:27] {Threei} out RIMM balance
[12:28] {Les} quick .08 short scalp on RIMM
[12:28] {Threei} USDA: Russia refuses pork shipments from five US plants (related SFD )
[12:28] {Les} ?
[12:28] {nemo} so, we were both right on rimm vad
[12:29] {Threei} everything is so narrow, no room for worthy trade
[12:29] {Les} fcx
[12:29] {Les} two way setup
[12:30] {Les} waiting for lod
[12:35] {magoo} FCX has a dollar range
[12:35] {ese} L fitb. avg .33
[12:35] {Threei} AMZN Hearing Piper making positive comments; Maintains Overweight rating, price target $163 (timing uncertain) (135.20, +0.99, 0.74%)
[12:38] {Threei} WFC, where to short you...
[12:42] {BillyD} big .55 NANO offer
[12:48] {dino} darn pru rinse
[12:53] {Threei} SATC
[12:53] {Threei} SatCon Technology Corp. Strength attributed to Thomas Weisel making positive comments (timing uncertain)
[12:53] {Threei} - analyst suggests SATC to get order for its inverters to be used in FSLR/Enbridge 60MW expansion at Sarnia.
[13:00] {nemo} anybody take nano?
[13:00] {BillyD} missed it...can't believe
[13:00] {nemo} me neither, looked awa
[13:00] {BillyD} last bit at .55 disappeared
[13:01] {Les} $ has returned to recent highs
[13:01] {Threei} sheesh... me too, got distratced by SATC
[13:01] {BillyD} I missed it inbetween hover modes on it
[13:01] {nemo} fcx again
[13:02] {ese} l fitb avg .32
[13:02] {magoo} fcx heck of a range
[13:03] {magoo} if vad would only follow it..ive been begging him..i'd give my left er um forget that :)
[13:04] {nemo} I'll cut it off for ya' mags
[13:04] {Threei} NANO wants 14
[13:18] {BillyD} RIMM .50 b/dn
[13:19] {Threei} if stays under .60?
[13:20] {BillyD} yes
[13:20] {BillyD} mkt help of course
[13:20] {magoo} i though nit looked like double bott
[13:21] {Threei} if holding .50 and breaks .60, then yes
[13:21] {BillyD} I'm just on the dark side magoo with shorting
[13:22] {magoo} i dont care about that
[13:24] {Threei} this is the most boring trading day in months
[13:24] {Les} no way
[13:24] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:24] {Les} my first couple of weeks here were worst
[13:24] {Les} worse
[13:25] {BillyD} out RIMM
[13:25] {Threei} me too
[13:25] {nemo} watching cat approach .50
[13:25] {Threei} wfc
[13:25] {ese} so faa rathaa bad luck chaps with fitb. original plan was to buy 1k at .38 in case of a breat out then buy another quick 19k.....well i've 1k'd dn 3 times to avg out at .32 athen the plan was to hit it with a 17k buy if it showed momentum....not the worlds greates strategy seeing as how i'm dn about 4 to 5 hundred so far.....but anyway i have to go to teach
[13:26] {Threei} watching for that coveted short
[13:26] {ese} choir...see ya tomorrow
[13:26] {Threei} takee care ese
[13:27] {ese} see ya vad......
[13:27] {magoo} WAIT ESE
[13:27] {dino} cya es
06[13:27] * magoo slaps ese around a bit with a large trout
[13:27] {nemo} bye dude
[13:27] {ese} huh
[13:27] {ese} ya cya dude
[13:27] {ese} tks mags....needed that with this dumb plan....but ya never know
[13:28] {strider} Breaking news! Gatorade has nothing to do with recent events surrounding Tiger Woods.
[13:29] {Threei} but, do you know what happend on Virgin Islands after Tiger spent som vacation time there?
[13:29] {Threei} suggestion came in to rename them to The Islands
[13:29] {nemo} fewer virgins I would gues
[13:29] {magoo} he changed his name to CHEETAH?
[13:29] {dino} seems he likes to play other courses
[13:29] {BillyD} I really want AIG to b/dn .50 holding .60
[13:30] {BillyD} magoo & dino, lol
[13:30] {magoo} c' family
[13:30] {nemo} rotfl
[13:30] {BillyD} we know
[13:32] {strider} I am back from the ceremonial doing of stuff.
[13:33] {nemo} wow...we really needed to know and Les brothers?
[13:33] {nemo} tht reminds making dinner?
[13:33] {BillyD} ASIA
06[13:35] * strider slaps nemo around a bit with a large ceremonial turkey full of stuffing
06[13:35] * nemo slaps strider around a bit with a large ceremonial lasagna
06[13:36] * strider slaps nemo around a bit with a large ceremonial turkey full of `not-stuffing.
[13:36] {nemo} rimm .50 break above .45
[13:37] {nemo} ?
[13:37] {ilana} at lunchtime?? :-)
[13:37] {nemo} get a new clock ilana
[13:37] {strider} in walidated
[13:37] {nemo} that too
06[13:37] * Threei slaps around nemo with strifer and strider - with nemo
[13:38] {nemo} o great a frickin menage
[13:39] {ilana} i was concerned about you recently, now i'm all relieved - nemo is nemo
[13:39] {nemo} not to worry
[13:40] {nemo} But there is a question within
[13:40] {nemo} What is nemo?
[13:40] {nemo} a lost fish?
[13:40] {nemo} a crazy genius submarine captain?
[13:41] {nemo} the shadow warrior who blinded the cyclops?
[13:41] {nemo} just call me sybil
[13:41] {Threei} that question is not - cyclop's contender ne mo is
[13:41] {ilana} don't ever chose an nickname without knowing its meaning that's dangerous
[13:41] {nemo} It's greek for "no man"
[13:42] {strider} Is this something we need to know?
[13:42] {nemo} so rimm rinsed the stop
[13:42] {magoo} both plays worked willliam
[13:42] {nemo} I was soothing Ilana's concern
[13:43] {ilana} who's william?
[13:43] {nemo} but, I'll give you a touche on that one
[13:43] {nemo} will i am
[13:43] {ilana} real name?
[13:43] {nemo} yeah rimm rinsed the stop
[13:44] {Les} you're right vad. boring day.
[13:44] {strider} I went back and read yesterday afternoon's log, after leaving at lunch. It really does read like a bunch of psychotics jabbering.
[13:44] {Les} a circus is what I was thinking st
[13:45] {nemo} aig took viagra
[13:45] {strider} I was actually impressed by how many different trains of thought are being processed at once.
[13:45] {Threei} by whom?
[13:45] {strider} by all of us here.
[13:46] {strider} Or most of us.
[13:46] {Threei} wow... that's serious compliment
[13:46] {Les} trains of thought or strands or irrationality?
[13:46] {Threei} I mean... thoughts? processing?
[13:46] {Threei} wow
[13:46] {strider} It would have to be really confusing to a newbie, reading the log.
[13:46] {nemo} that leaves you out Vad
[13:46] {strider} Nonsensical, really.
[13:46] {Threei} totally nemo
[13:47] {nemo} akam had a big up and is now flat, could be jbe
[13:47] {strider} The really impressive thing is that there are actual trades going on in the midst of all the jabberwocky.
[13:47] {Threei} I start thinking no selloff today
[13:47] {nemo} rally
[13:48] {Threei} or nothing
[13:48] {nemo} yeah, well if Vad would go skype, it would get really interesting
[13:48] {Threei} but doesn't look like we get selling
[13:48] {nemo} so many accents
[13:48] {strider} uh-no.
[13:48] {Threei} no way
[13:48] {nemo} hehehehehe
[13:48] {Threei} that would be totally incomprehensible
[13:48] {Threei} all talking at once
[13:48] {Threei} and think of magoo
[13:48] {strider} You'd have to set a word limit per day.
[13:48] {Threei} how would he say gjtnsmsljmgoittsnrj
[13:49] {nemo} Well, wouldn't have to worry about editing the blog
[13:49] {strider} Nemo would run through his before market.
[13:49] {BillyD} lol
[13:49] {nemo} rotfl
[13:49] {nemo} fyvm strider
[13:49] {strider} ouch.
[13:49] {nemo} cat threatening again
[13:50] {nemo} oh...sorry, should have more respect for my elders
[13:50] {strider} We did it again...ilana left.
[13:50] {nemo} maybe she had to go to the bathroom, chill
[13:52] {nemo} if cat breaks support .50 drop to s3
[13:53] {strider} where is S3?
[13:54] {nemo} 56.00
[13:54] {strider} thx. Found it. Had to go to hourly chart to get it to show up.
[13:57] {strider} short small at .54
[13:57] {Threei} drg name: Doxorubicin Transdrug
[13:58] {Threei} never mind... sounds very funny for russian ear
[13:58] {nemo} careful on that volume strider
[13:59] {strider} didn't lift much
[13:59] {Threei} HOKU
[14:00] {Threei} Hoku Scientific Discloses entered Amendment No.3 to second amended supply agreement with Solarfun effective Dec 4 - filing (update)
[14:00] {Threei} - On November 15, 2009, we entered into Amendment No. 3 to Second Amended and Restated Supply Agreement with Solarfun, or Amendment No. 3, which became effective on December 4, 2009, the date when Solarfun paid us $8M of the $13M prepayment balance that was past due. Under Amendment No. 3, we agreed that Solarfun could pay us the $13M that was due in July through October 2009, in increments of $8M, which was paid on December 4, 2009, $4M to be paid in March 2010, and $1M to be paid when we commence the shipment of polysilicon to Solarfun.
[14:00] {Threei} - The balance of $5M that was payable in January 2010, is to be paid in equal monthly increments of $1M during each of the five subsequent months after the month of the first shipment. Solarfun retains the right to terminate the Supply Agreement if Hoku has not commenced shipments by June 30, 2010, and Hoku retains the right to terminate the Supply Agreement, and retain all prepayments received, if Solarfun fails to pay any of its future prepayments when due.
[14:03] {strider} in avg. .51
[14:04] {strider} stop above. 55 or .60?
[14:04] {nemo} scalping or daytrading
[14:05] {nemo} former and latter
[14:05] {strider} above .61
[14:05] {nemo} yes
[14:07] {strider} out
[14:07] {nemo} bastid
[14:07] {nemo} that second volume spike and the two hammers were the clue
[14:07] {dino} rino sm l .55 stop .19
[14:07] {strider} really came off the low
[14:07] {nemo} yeah....range day lotta' eyes on the level
[14:08] {dino} algt
[14:08] {Threei} NANO 14
[14:09] {dino} 10 min. up we go
[14:09] {Threei} 13:04] {Threei} NANO wants 14
[14:09] {Threei} and HOKU took huge wall at 3
[14:10] {Les} $ rocketing again
[14:11] {Threei} but look how market decoupled from it
[14:13] {nemo} akam broke too
[14:13] {Threei} gold is taking hit
[14:13] {dino} $ up, gold, oil, mkts down
[14:15] {magoo} u in either vad"
[14:15] {Threei} but look at the difference dino
[14:15] {Threei} as dollar climbs throughout the day, gold continues dropping
[14:15] {nemo} yeah, $ not up that much
[14:16] {Threei} oil is down but mostly stays put
[14:16] {nemo} gold is correcting
[14:16] {Threei} and market opened down but only climbed since then
[14:16] {nemo} it's been trending down slightly since noon
[14:17] {nemo} that's splitting the proverbial hair
[14:21] {Threei} wow
[14:22] {Threei} GLD
[14:22] {Threei} what the deuce
[14:22] {nemo} PPT
[14:22] {Threei} sigh
[14:22] {nemo} you asked
[14:23] {Threei} 60 cents in one bar
[14:23] {Threei} that's some smackdown
[14:23] {Les} broke support
[14:23] {patience} i have been short gold etf (hgd) all day, has been the longest, most boring trade until it made me some money :)
[14:24] {Les} patience in name and in virtue
[14:24] {patience} enough for lunch anyway
[14:24] {strider} long GLD .05
06[14:24] * Threei is gearing to meet patience for lunch
[14:24] {nemo} lucky her.................not
[14:25] {patience} only enough money for me has been as slow a trade as my other one today, hod, (short oil etf)
[14:26] {strider} out .15
[14:27] {Threei} oh come on, increase your shares
[14:27] {patience} big shares already
[14:28] {nemo} take the hint vad
[14:28] {Threei} nope
[14:28] {Threei} that;'s not my style
[14:28] {patience} tell you what vad
[14:28] {nemo} is your middle name "mule"
[14:28] {patience} you give the market a whack down, lunch is on me :)
[14:28] {Threei} no problem
[14:28] {patience} patience runs to start cooking the bacon
[14:30] {Les} CAT looking ready to drop
[14:32] {strider} It's looked that way before. :)
[14:32] {nemo} got a tight range in fcx vad
[14:33] {BillyD} CAT is better short on bounce imo
[14:33] {Threei} I think so too
[14:33] {nemo} I was thinking long on fcx
[14:33] {strider} bounce to where/?
[14:33] {nemo} about here
[14:34] {BillyD} over .60 imo
[14:34] {BillyD} on a mkt spike
[14:34] {strider} gld BEAR FLAG
[14:34] {patience} should have shorted gold stocks not the etf
[14:36] {Threei} here goes CAT
[14:38] {patience} ok vad, i can buy you a burger now
[14:38] {Threei} (US) Senate Majority Leader Reid: Senate may be able to pass healthcare legislation by the end of 2009 (related IYH )
[14:39] {Threei} burger eh... let me push it a bit more and upgrade to lobster
[14:39] {Les} yeh what the? I wanna see more god like touch on the markets before congratulating vad
[14:39] {patience} ok, add in some margin calls as well please
[14:40] {Threei} Short Setup: GLD .95 half lot
[14:40] {Threei} if stays under 111.10
[14:41] {strider} in
[14:41] {Threei} 1:1
[14:41] {Threei} 1.5:1
[14:41] {BillyD} out
[14:42] {strider} out and out.
[14:42] {jmb} Thanks Vad
[14:42] {Threei} welcome guy
[14:42] {BillyD} was thinking same short on your mention
[14:42] {Threei} Les, does it count for a lobster?
[14:42] {strider} yea. +.15 +.25
[14:42] {Threei} guy = guys
[14:42] {Threei} lol
[14:44] {patience} well, folks aren't exactly rushing for the exits in gold here. vad, did you use your 2 x 4?
[14:44] {Threei} 2x2 actually
[14:44] {patience} thought so
[14:45] {strider} YOu guys boarding the ark?
[14:47] {strider} long AMZN .72, stop .62
[14:47] {patience} is it options ecpiry next week?
[14:48] {strider} whoops.
[14:48] {strider} stop .-23
[14:48] {strider} seemed like a good idea at the time.
06[14:49] * strider slaps strider around a bit with a large bag of good ideas.
[14:49] {nemo} too bad it's empty
[14:49] {BillyD} you are vintage today nemo
[14:50] {strider} no sh"t sherlock
[14:50] {BillyD} not missing a beat
[14:50] {strider} that was one of my idiotic 'looks like it's going up' plays.
[14:51] {Les} sorry, watching my CAT short. All will be will if CAT makes .26 Vad. then I'll buy champagne
[14:51] {nemo} this is turning into those bleeding downward days, where there aren't alot of good short entries
[14:51] {Threei} it's just way too narrow nemo
[14:51] {Threei} not a real selloff
[14:52] {nemo} yeah
[14:52] {nemo} oh, maybe we shouldn't speak too soon
[14:52] {Threei} look at NQ, it;'s barely 12 points off day's high
[14:52] {Threei} GLD is the best short so far
[14:52] {Threei} WFC hasn't even lost that 26
[14:54] {Les} out CAT .26, +.20
[14:54] {Threei} nice
[14:54] {BillyD} gj les
[14:54] {Threei} now I have l,obster AND champagne
[14:54] {Threei} lunch start looking pretty darn good
[14:56] {patience} excuse me....what about my lobster lunch you're buying
[14:56] {Threei} I am buying?
[14:56] {Threei} hmmm
[14:57] {Les} have to make it Australian champagne Vad. French Euro cuts into my profits
[14:57] {Threei} I must have missed something
[14:57] {patience} just practising my re-writing of history
[14:57] {Threei} ahhh
[14:57] {Threei} no chance to beat russians at that
[14:57] {Threei} USSR was called "the country with unpredictable past" not for nothing
[14:58] {Threei} bounce is coming, GLD
[14:59] {Threei} .56 long if holding .45
[15:02] {Threei} 1 cent to 1:1?
[15:02] {Threei} come on
[15:02] {Threei} stop to under .50
[15:03] {Threei} not going to lose on it more than a fe cents
[15:03] {Threei} few
[15:03] {patience} out hgd, don't want to be greedy
[15:05] {Threei} les, you covered CAT 1 cent above low
[15:05] {Les} saw that
[15:05] {Threei} not bad
[15:05] {Les} was watching level 2
[15:05] {Threei} wow
[15:05] {BillyD} no luv
[15:05] {Threei} bids get seriously pulled from under GLD today
[15:07] {Threei} no hatred to it today, worked fine for us... just too bad we haven't used to it behaving, so didn't stay in short for longer
[15:09] {strider} GLD support at .14
[15:09] {strider} nemo's kind of support.
[15:11] {strider} long over .40, vad?
[15:11] {Threei} doesn't look right
[15:12] {Threei} another leg down is more likely
[15:12] {nemo} short into .45
[15:15] {Les} short gld. 40
[15:15] {Les} out +.10
[15:15] {Threei} why not
[15:15] {Threei} sounds like a good day Les
[15:16] {Les} not green, but getting technique down pat
[15:16] {Les} slowly
[15:16] {strider} Are you on Laser now, Les?
[15:17] {Les} IB
[15:17] {strider} k
[15:17] {Les} but only paper
[15:17] {nemo} you be what?
[15:17] {Les} kicking you
[15:18] {nemo} the honors
[15:18] {Les} ;)
[15:18] {Threei} nah... I practice being gentle today
[15:18] {nemo} leavin' me twistin' here vad
[15:18] {strider} I wouldn't bet this one either way
[15:19] {dino} in my best swiper voice; "awwwwww mannnnn" only on trade this afternoon. could have went home at 11:00 am
[15:19] {strider} who or what is swiper?
[15:20] {dino} kids' cartoon, think it was dora the explorer
[15:20] {Les} lol yeh I remember hiim
[15:21] {nemo} Well, then there was Glum on Gulliver's Travels, "We're doomed for sure."
[15:21] {dino} a bad racoon i believe
[15:21] {nemo} rimm wedge
[15:21] {Les} AONE b/d on .10 trigger?
[15:22] {dino} i typed it because, afternoons used to be my most profittable time of day, as i start slow
[15:22] {strider} dino, that's cause you get here 2 minutes before the bell} :)
[15:22] {nemo} nice one
[15:22] {Threei} well
[15:22] {Threei} chart wise yes
[15:23] {Les} vol. sucks
[15:23] {Threei} but volatility can be horrifying on AONE
[15:23] {dino} actually i'm in at 9:00 am, just doing my scanner and news rounds first
[15:23] {Les} k
[15:23] {strider} Well, excuuuuuuuuuuuuuuse me.
[15:23] {dino} nope
[15:23] {dino} :)
[15:23] {strider} aw c'mon.
[15:24] {dino} you guys are simply last on my to do list
[15:24] {strider} I figgered.
[15:24] {larisa} lol
[15:24] {BillyD} rofl
[15:24] {nemo} frig' watching you guys go back and forth missed .30 break fcx
[15:24] {Les} lol
[15:25] {nemo} oh and rimm broke the wedge
[15:26] {Les} ok ca suffit pour moi aujourd hui. A demain
[15:27] {nemo} wife's callin' huh?
[15:27] {Les} nah sleep calling. Mrs can wait
[15:31] {dino} all i had to do was hold meli, mtn and would've had awesome day, scalpers regrets
[15:31] {larisa} was just thinking about you and MTN :)
[15:31] {Threei} well, you know what happens when you decide to hold them
[15:33] {dino} ftbkd
[15:33] {Threei} ty dino but we need username too
[15:33] {dino} lol larisa, did you see me knock my head against the wall
[15:33] {larisa} yes :)
[15:37] {Threei} so far, no sel,loff, no rally... sideays action and incredibly boring at that
[15:37] {nemo} gap down day
[15:37] {Threei} if not for that GLD short, I wouldn't be able to explain why I bothered to wake up today
[15:38] {BillyD} AIG is strong
[15:38] {strider} AMZN is getting ready to do idea what.
[15:38] {nemo} siting right on yesterday's close
[15:43] {Threei} look at AET guys
[15:43] {nemo} what specifically?
[15:43] {Threei} a lo of talk about public option getting killed in Senate today
[15:47] {Threei} maybe a quick closing play on .50 breakout when overnight gamblers decide to take AET home for a gaop if that's what happens in Senate
[15:48] {strider} stop?
[15:49] {Threei} .40 is nearest support
[15:49] {dino} talk of increasing medicare to 50 years instead of 65, aet and wlp, hum all sell med supps
[15:49] {Threei} but that close to day's end may have to cloe the play on time
[15:49] {nemo} fcx finishing near low
[15:49] {Threei} 55 dino
[15:50] {dino} ironically that would be the easiest plan, covers basic health, if mor desired, purchase supss. altho medicare and medicaid are basically broke too
[15:50] {dino} my typing stinks
[15:50] {nemo} all there going to do is put a big tax increase in, setup huge deductibles and cover nothing
[15:50] {dino} unh too
[15:51] {dino} but my bet is nothing gets passed. what good is it if nobody can pay w/o jobs. congress finally seeing that
[15:52] {BillyD} focus needs to be supplying goods globally
[15:53] {nemo} fcx selling off
[15:53] {dino} nemo, imo catastophic plans would work. look at the heath msa's they make people think twice before running to doctors.
[15:53] {Threei} no attempt to break, AET
[15:53] {Threei} but as this battle draws th resolution, this is a stock to wtch
[15:59] {dino} out rino .31 -.24
[15:59] {Threei} kay guys
[16:00] {Threei} really boring day
[16:00] {strider} ywn
[16:00] {strider} yawn
[16:00] {Threei} have a nice evening hopefully more eventful
[16:00] {Threei} see you tomorrow
[16:00] {larisa} bye :)
[16:00] {strider} We're counting on some excitement from you tomorrow.
[16:00] {fernp} good evening everybody
[16:00] {patience} was a profitable day, who's complaining :)
[16:00] {strider} I'm down 5 bucks.
[16:01] {fernp} 30 bucks here, strider
[16:01] {strider} not so bad, considering my goofy amzn play.
[16:01] {fernp} i will survive
[16:01] {larisa} what did you do with AMZN strider?
[16:01] {strider} You're not gonna sing, are you fern?}
[16:01] {fernp} no, lol
[16:01] {strider} Just a rather arbitrary 'looks like it's going up' trade.
[16:01] {BillyD} Take care everyone, have a nice holidays
[16:02] {strider} Holiday?
[16:02] {strider} what holiday?
[16:02] {BillyD} no, i won't be in room for holidays
[16:02] {strider}'re gone after today?
[16:02] {BillyD} wanted to wish happy holidays
[16:02] {strider} same to you....
[16:03] {BillyD} yes, I come and go from time to time
[16:03] {dino} up but light
[16:03] {larisa} bye Billy, happy holidays :)
[16:03] {BillyD} larisa :)
[16:03] {strider} up is good. For me right now, flat is good also.
[16:04] {strider} Still up for this week, though.
[16:04] {strider} See you all tomorrow.
[16:04] {dino} gj. flat or up is good day
[16:04] {strider} yeah.

Labels: , , ,

Monday, December 7, 2009

Dec 07 2009

Decent day with a few shorts and longs. Mostly usual suspects in play: CAT, WFC, AIG etc.

Session Time: Mon Dec 07 00:00:00 2009

[08:06] {Threei} SOMX Receives response letter from FDA; NDA cannot be approved in present form (3.53, 0.00, 0.00%)
[08:10] {nemo} strider dcc
[08:20] {Threei} BLTXX Baltic Dry Bulk Index declines 1.7% (first decline in 4 sessions)
[08:29] {BillyD} GM Vad
[08:29] {Threei} Billy :)
[08:30] {Threei} *(CA) CANADA OCT BUILDING PERMITS M/M: 18.0% V 1.0%E
[08:30] {Threei} say what?
[08:31] {BillyD} wow
[08:38] {strider} SOMX just hit the deck.
[08:39] {Threei} was halted
[08:39] {Threei} I tried to short it when news came out
[08:41] {strider} not bouncing.
[08:42] {Threei} FDA rejection is tough thing for these small ones
[08:42] {BillyD} yesterday's darling is now today's orphan
[08:43] {Les} hello
[08:43] {BillyD} hi les
[08:43] {Threei} sic transit gloria mundi
[08:43] {Threei} morning les
[08:43] {Les} thanks to group mobbing and MPP, 2% risk rule is firmly understood
[08:43] {nemo} illegitimi non carborundum
[08:44] {Threei} cool beans les
[08:44] {Les} I understand now why you jump all over 10 cent stop plays Vad
[08:44] {BillyD} we were just wanting to help you Les :)
[08:45] {nemo} Not me...I like to kick a man when he's down
[08:45] {BillyD} rofl
[08:45] {Threei} easy... 1:1 is easier reachable when it's a smaller move in absolute terms, and with decent amount of shares it's safer and more consistent way to trade
[08:48] {Moose} gm all
[08:48] {Threei} Moose :)
[08:48] {Moose} :D
[08:49] {Les} yes, trading 50 shares and not even taking 1:1 was pretty lame in hindsight
[08:49] {Les} afternoon moose
[08:49] {strider} Morning everyone.
[08:49] {Moose} gm Les
[08:49] {Moose} strider
[08:49] {Threei} no more then, which takes me to this photo, courtesy of Raven, which you and moose will enjoy:
[08:49] {Threei}
[08:49] {Threei} strider :)
[08:50] {Moose} lol.. there you go
[08:50] {Threei} :)
[08:50] {Moose} Les thought I was kidding
[08:50] {strider} Mr. vad.
[08:51] {ese} morning
[08:51] {Les} no way! they spelt "less" like that. Ok understand joke now
[08:51] {Moose} heh
[08:51] {Les} thought moose was taking poetic license
[08:52] {Threei} it's a triple level joke
[08:52] {Threei} beauty
[08:52] {Threei} play of words on les-less, more-moore
[08:54] {Les} oh wow your right
[08:54] {Les} didnt even see it
[08:54] {Threei} see all the variations? :)
[08:54] {Les} someone with very witty humour
[08:54] {Threei} yup... moose totally made my day on Friday
[08:54] {Threei} and Raven polished it with visual
[08:54] {Les} its plagiarisism, but I would definitely like that tombstone on my coffin
[08:55] {Les} plagiarism too
[08:55] {Threei} but your last name is not Moore
[08:55] {Moose} good point ... lol
[08:55] {strider} I used to know a Les Moore.
[08:55] {Threei} don't get upset though, you've got enough time to come up with your own {G}
[08:57] {Les} fcx has moved within 30 cent odd range premarket
[08:58] {nemo} Where is important support an resistance less, an why?
[08:58] {Les} is that less or les?
[08:59] {nemo} sorry les....les
[08:59] {fernp} Good morning everybody
[08:59] {Les} on 15 and 60 min... nothing
[08:59] {ese} morning fern
[08:59] {Les} on daily
[08:59] {Threei} fern :)
[09:00] {nemo} all time frames give clues les
[09:01] {nemo} les, did you see the write up with the charts on fcx?
[09:01] {Threei} ese :)
[09:01] {nemo} dude
[09:01] {Les} where?
[09:01] {ese} dude....vad
[09:01] {Les} Bill's place?
[09:01] {nemo} dcc les
[09:10] {Threei} MET CFO: 4th quarter results could be in high end of given range ($0.90-0.95 v $0.91e) -conf comments
[09:10] {Threei} - Continue to see attractive margins in structured securities (35.33, 0.00, 0.00%)
[09:11] {Moose} nemo... FCX writeup where?
[09:12] {nemo} dcc moose
[09:12] {Moose} ahh.. ok thks
[09:18] {larisa} gm :)
[09:18] {Threei} larisa :)
[09:18] {BillyD} larisa :)
[09:18] {BillyD} Vad, you interested in NVDA
[09:18] {Les} hi Larisa, ese, fern :)
[09:18] {larisa} :)
[09:18] {nemo} hi lari
[09:19] {larisa} nemo :)
[09:19] {Threei} I understand it moves on this
[09:19] {Threei} 17:14 INTC To cancel launch of first chip based on the Larrabee design - WSJ
[09:19] {Threei} - The chip was expected to deliver complex graphics for videogames
[09:20] {BillyD} right
[09:20] {dino} gm all
[09:20] {BillyD} hey dino
[09:21] {Threei} dino :)
[09:22] {Threei} I'd wait for a decent pullback Billy... NVDA is a ery heavy stock, I have hard time believeing it would act frisky on such gap
[09:22] {BillyD} ok, just seeing if on your list
[09:22] {lasertrev} gm
[09:22] {BillyD} trev
[09:22] {Threei} trev :)
[09:23] {lasertrev} hi Billy, Vad
[09:25] {nemo} things looking like they're setting up for a drop on the open
[09:25] {ese} traded NVDA for quite a while it doesn't move very quickly billy as vad says
[09:25] {Threei} same impression, just don't want to get caught in opening volatility
[09:25] {nemo} nope
[09:25] {Threei} keeping an eye on WFC for possible short
[09:26] {nemo} having said that, fcx sitting right at support
[09:26] {BillyD} thx ese
[09:27] {Threei} decent pullback NVDA
[09:28] {ese} as a matter of fact....this is the biggest gap i've seen on it in a year.....i would expect big time pull back
[09:28] {BillyD} that was nasty little trick
[09:28] {dino} ubsi spkie
[09:29] {magoo} klhDKLHd
[09:29] {ese} if i remember correctly i caught the breakout at 10.50 in march with about 50k
[09:29] {dino} nvda up 5 days in row, buy the rumor sell the news, intc
[09:29] {Threei} mags :)
[09:29] {BillyD} good point dino
[09:29] {Threei} let's see if WFC gives us nice tight range with .95 break as short trigger
[09:29] {ese} mags (*&&^%KJH
[09:31] {Threei} Short Setup: NVDA .90 break
[09:31] {Threei} if stays under 16
[09:32] {BillyD} low AIG volume
[09:33] {Les} wfc resistance .20 at present
[09:33] {Les} fas
[09:33] {Les} sorry
[09:33] {Threei} watching JASO for long near .50
[09:34] {strider} pullback?
[09:34] {Threei} if gets there
[09:34] {Threei} not really breakout stock, too thick
[09:36] {Threei} Long Setup: RIMM .55
[09:36] {ese} DIS breakout crossed 31.10
[09:36] {Threei} ugh, late
[09:36] {magoo} in
[09:37] {Les} CAT not going with market yet
[09:37] {Threei} take profit here mags
[09:38] {strider} JASO?
[09:39] {ese} out my drys position.......+.09 on 60k of it
[09:39] {Threei} not pulling back enough, and I am not jazzed about buying break on it
[09:39] {ese} should have taken it at ,50 last week
[09:40] {ese} L dis .15
[09:40] {Threei} beter than poke in the eye ese
[09:40] {ese} ya true
[09:41] {ese} don't know what to make of it right now......better safe sthan sory
[09:41] {Threei} USD/RUB (RU) Russian Central Bank (CBR) purchased $7.3B and 745M in Nov (related EUR/RUB )
[09:41] {Threei} heh
[09:41] {Threei} so much for all the diversification talk
[09:42] {ese} out dis .21 +.06
[09:42] {Threei} frikin AIG does it again
[09:42] {Les} wfc .10 b/d with .20 stop?
[09:42] {Threei} watch it for possible entry if gives sharp fast pullback to under .210
[09:42] {Threei} under .20
[09:43] {Threei} WFC... need more clarity and market help
[09:43] {Threei} but overall looks right for such setup
[09:43] {strider} under .20 this is AIG?
[09:44] {nemo} looks like massachusetts on the chart
[09:44] {Threei} yes strider
[09:44] {strider} long gone. :)
[09:44] {Threei} hmmm... nemo, I pity to doctor who has to show you those Rorshach(sp?) ink spots
[09:44] {strider} aep
[09:45] {strider} sorry, wrong keyboard.
[09:45] {Threei} I mean pullback strider
[09:45] {Threei} never happened
[09:45] {magoo} out AIG .91 + .51
[09:45] {magoo} TY vad on alert
[09:45] {strider} yeah...that's why I said long gone.
[09:45] {Threei} sure
[09:45] {magoo} had the feel
[09:46] {BillyD} nice one mags
[09:46] {magoo} well..dammit
[09:46] {Threei} no kidding
[09:47] {magoo} i had the correct feel
[09:47] {magoo} just it burns me so often
[09:48] {magoo} might be the day vad..AIG
[09:48] {magoo} lets watch it
[09:49] {nemo} cat vad
[09:49] {Threei} CAT is short in my eyes
[09:49] {Threei} Short Setup: CAT 58 break
[09:49] {Threei} if stays under .20
[09:50] {magoo} mkts turning up here
[09:51] {nemo} akam vad l ..95 break stop under .85?
[09:51] {Threei} doesn't feel right to me
[09:51] {nemo} invalimudated anyway
[09:51] {Threei} volume is all worng
[09:52] {Threei} Long Setup: AIG half lot .20 break
[09:54] {Moose} invalid?
[09:54] {Threei} no need to say, invalidated
[09:55] {Moose} yep
[09:55] {Threei} (US) Reportedly White House has approved rule allowing EPA to regulate Co2
[09:55] {nemo} oh oh
[09:55] {Threei} lol
[09:55] {Moose} gotta hold your breath now
[09:55] {Threei} you prepare to fight them at the door, they just sneak through the window
[09:55] {nemo} don't need copenhagen treaty now..they'll just slam us
[09:55] {fernp} SANM .40 break, Vad?
[09:56] {Threei} SANM is chinese torture stock
[09:56] {fernp} torture stock? ok. forget it
[09:56] {Threei} *note: EPS is expected to give press conference later in the afternoon expressing its changed view, making Co2 a pollutant which can then be regulated
[09:56] {Threei} ***Note: On 9/22 EPA finalized initial greenhouse gas reporting rules, new system covers 85% of US emissions
[09:57] {nemo} great...breathing is pollution
[09:58] {Les} screw breathing. what is the EPA gonna do about all the cows you guys got?
[09:59] {Les} plug their butts?
[09:59] {Threei} cork plugs I'd think
[09:59] {nemo} that's not co2
[09:59] {Moose} Les, I'm eating them as fast as I can!
[09:59] {nemo} I thought moose were herbavores
[10:00] {nemo} herbivores
[10:00] {Moose} { outcast
[10:00] {dino} lol
[10:01] {Threei} WFC remains a weakling
[10:01] {nemo} nuva been happy last couple of days
[10:01] {Threei} .95 is still attractive short trigger
[10:02] {Threei} 27.10 is resistance for stop placement
[10:02] {BillyD} what is stop .05
[10:02] {Threei} .05 for hard core scalpers
[10:02] {Threei} and it looks like much more than scalp to me
[10:03] {Threei} with any market help, capable of a bigger move
[10:04] {Moose} 1:1 i assume
[10:05] {Moose} tgt 26.80
[10:05] {strider} missed it.
[10:05] {Threei} wow... it was easy entry
[10:06] {strider} guess I'm a doofus.
[10:06] {strider} had entry at .94
[10:06] {dino} aapl bruised
[10:06] {BillyD} I was slow here and missed
[10:06] {dino} bth interesting
[10:06] {dino} mon not following ferys
[10:06] {dino} ferts
[10:07] {Threei} .95 was there for hitting...
[10:07] {BillyD} was waiting for actual break
[10:07] {dino} pru gives all met news back
[10:07] {Threei} it was actualy break... low was .96
[10:07] {Threei} so .95 was a trigger
[10:07] {dino} mon hl l .50, stop .22
[10:07] {Moose} thats how i understood it
[10:07] {BillyD} thought .95 break was
[10:08] {BillyD} vAD, TOO LATE TO ENTER NOW??
[10:08] {Threei} looks like bounce to shoert to me
[10:09] {magoo} r u screaming he he?
[10:09] {BillyD} sorry
[10:09] {Threei} volume drops on FAS, WFC and market
[10:09] {Threei} so, short is valid
[10:11] {magoo} rimm stronger than mkt
[10:11] {BillyD} yeah
[10:11] {Threei} ASIA is crazy
[10:13] {Threei} S&P signs agreement to jointly develop new Treasury Indices with BGCantor
[10:13] {Threei} - The new U.S. Treasury Bond Indices, expected to launch in the first quarter of 2010, will use end of day U.S. Treasury bond pricing from BGCantor Market Data, and will be maintained and published by S&P Indices. The joint effort will result in U.S. Treasury Indices designed to meet custom requirements, liability driven investing and portfolio building strategies.
[10:14] {strider} short WF 27
[10:14] {strider} WFC
[10:15] {dino} wag hl l .91
[10:15] {dino} stop .59
[10:17] {Threei} Long Setup: AIG .60
[10:17] {Threei} if stays above .50
[10:17] {dino} pru hl l .75 stop .43
[10:18] {strider} in AIG .61
[10:18] {Threei} US) Commerce Secretary Locke: says patent office will give priority to granting "green" technology patents as quickly as possible
[10:18] {Threei} - policy aims at better competition with China and India
[10:19] {strider} stop WFC above .10?
[10:19] {Threei} yes
[10:19] {Threei} no worky WFC
[10:20] {Threei} AIG should spike now
[10:20] {Threei} AIG 1:1
[10:20] {nemo} 1/2 out .70
[10:20] {fernp} stopped WFC looked fine...
[10:21] {Threei} not all of them work... shrug and move on
[10:21] {magoo} vad, any play on ASIA?
[10:21] {nemo} jeez vad...
[10:21] {fernp} took my 1:1 on AIG ty Vad
[10:22] {Threei} tough read mags
[10:22] {Threei} maybe on deep pullback will be asier
[10:22] {larisa} lol
[10:22] {magoo} its avaoil short too
[10:22] {Threei} ok... easier :)
[10:22] {larisa} asier on ASIA is better :)
[10:23] {Threei} that was honest mistype, lol
[10:23] {Les} cat?
[10:23] {magoo} dog?
[10:24] {magoo} mouse?
[10:24] {magoo} rat/
[10:24] {Moose} moose?
[10:24] {magoo} goose?
[10:24] {Les} dino, hit him
[10:24] {Threei} AIG 1:2
[10:24] {Moose} mistake to goose a moose!
[10:25] {magoo} nice AIG boss
[10:25] {Threei} CAT... .80 break is ashort setup... but they don;t work today
[10:25] {magoo} read on FCX boss?
[10:25] {Threei} I am out AIG
[10:25] {Threei} too close to 1:3 to risk it
[10:26] {Threei} GCX not really
[10:26] {Threei} but CAT short is more and more tempting
[10:26] {magoo} how about fcx?
[10:26] {Threei} that was FCX
06[10:26] * Threei slaps magoo around a bit with a large volume of Threeish-English Dictionaru
[10:27] {magoo} try and tell BEAR that when buy wrong synbol lol
[10:27] {fernp} WMT .80 break, Vad?
[10:27] {Threei} wow... been a while since we played this one
[10:27] {Threei} setup is right
[10:27] {Threei} but don't count on it being fast
[10:28] {nemo} no...serious water torture
[10:28] {Les} :)
[10:28] {Threei} yeah... WMT used to be much faster
[10:29] {nemo} amzn might be double topping here
[10:30] {magoo} FCX obital
[10:30] {dino} scanners solid green
[10:30] {magoo} GCX too :)
[10:30] {Threei} actually, not bad speed for WMT
[10:30] {fernp} out +.10 WMT ty Vad
[10:30] {Threei} 1:1
[10:31] {Threei} NVDA stalled and flatlined
[10:32] {ese} l drys .28
[10:32] {dino} out mon .74, +.24
[10:32] {Threei} look at SANM fern
[10:32] {fernp} yes
[10:33] {dino} cagc
[10:35] {strider} holding 4 partial of AIG with stop @ .69
[10:35] {strider} 4th
[10:36] {ese} l fitb ..269
[10:37] {Threei} Market Internals update at 10:30amET
[10:37] {Threei} - NYSE volume 220M shares, about 19% below its three-month average; advancers lead decliners by 1.7:1.
[10:37] {Threei} - NASDAQ volume 485M shares, about 11% below its three-month average; advancers lead decliners by 1.4:1.
[10:37] {Threei} - VIX index +3.5% to just over 22.00
[10:37] {nemo} market up vix up, that's different
[10:38] {Threei} and dollar
[10:38] {nemo} I've got $ slightly down right now
[10:39] {BillyD} AKAM short idea if breaks .39 w.50 stop
[10:40] {dino} meli
[10:40] {Threei} I like it Billy
[10:40] {BillyD} actually, want some consolidation under .50
[10:41] {Les} CAT approaching bottom of range again
[10:41] {BillyD} the .53 spikes make me hesitate
[10:41] {Threei} watch those huge bids
[10:41] {Threei} .41 and .39
[10:41] {BillyD} ok
[10:42] {strider} sstopped balance AIG .72
[10:43] {Threei} very nice management of the play
[10:45] {strider} held a little back hoping for 31, but didn't get there.
[10:45] {dino} gj
[10:45] {Les} CAT closer to b/d vad. seems to be consolidating?
[10:45] {strider} thx
[10:46] {Threei} I am puzzled about it Les
[10:46] {Threei} chart is right
[10:46] {Threei} but none of these setups worked today
[10:46] {Les} It's gotta be "them"
[10:47] {Threei} breakdown are either get invalidated (9 out of 10) ot stopped out (remaining 1)
[10:48] {Threei} it feels like end of week action encouraged bears too much,
[10:48] {nemo} yeah, I almost got caught in a cat short earlier
[10:48] {fernp} invalidated AKAM Billy
[10:48] {Threei} so market has to shake up that confidence once again
[10:48] {BillyD} yes
[10:48] {Les} how rude
[10:51] {Threei} on the other hand, market loses morning enthusiasm
[10:51] {nemo} but...does that turn to market coma, or fear
[10:51] {Threei} good question
[10:52] {Threei} I wish I had worthy answer
[10:52] {nemo} me too...may be nap time
[10:52] {Threei} let's put it this way:
[10:52] {Threei} if market starts dropping sharply, CAT is one of the best candidates,
06[10:52] * nemo crawls in cave, closes door, pulls blanket over head, grabs teddy
[10:53] {Threei} and if it leaves us a window of opportunity for entry, great
[10:53] {nemo} should retest the .50 area if it rops
[10:53] {Les} I was thinking here at .80 vad
[10:53] {Threei} here comes trigger
[10:54] {strider} short at .71?
[10:54] {Threei} why .71? .75 break was a trigger
[10:54] {fernp} shorted at .74
[10:54] {fernp} stop is above .90?
[10:55] {Threei} right
[10:55] {fernp} thanks
[10:55] {strider} because .72 was lod....hadn't been following all the conversation.
[10:55] {Threei} .75 was lod
[10:55] {strider} in at. 74
[10:55] {Threei} .72 is new one formed after .75 gave up
[10:56] {Threei} OK market, let's drop
[10:56] {Les} ok, didn't realise that was a call. short at .74
[10:56] {nemo} you've got recent swing lows from Friday of .60 and .48
[10:56] {Threei} les, how do you tell a call from nor a call
[10:56] {Threei} we see chart, we discuss it
[10:56] {Les} big green/red square
[10:56] {Threei} shrug
[10:56] {Les} thats ok
[10:57] {Les} will adopt vads ways given time
[10:57] {Threei} that's for easy visual... not a gospel
[10:57] {strider} then he'll just change them.
[10:57] {Threei} don't take it as "if no bright color loud scream alert, no play"
[10:58] {Threei} lol strider
[10:58] {dino} lol
[10:59] {dino} melo hl l .01, stop .73
[11:00] {nemo} meli dino?
[11:00] {dino} yes, typo
[11:00] {nemo} vad's a bad influence
[11:00] {dino} indeed
[11:00] {dino} feeling double bottom just occurred on it nemo
[11:01] {nemo} looks good
[11:01] {dino} bth, interesting, waiting 29.30s
[11:01] {Threei} who, me bad influence??
[11:01] {Threei} me is the worst!
[11:02] {Threei} and btw... look who is talking
[11:02] {nemo} duh...I have expertise and experience in this area
[11:04] {ese} out fitb .32 +.06
[11:04] {BillyD} out CAT ty
[11:04] {dino} gj
[11:04] {dino} nemo,i missed exit .25
[11:04] {Threei} nice and easy
[11:04] {Les} out .71 and done. nice to touch a workable trade today
[11:04] {fernp} ty
[11:05] {Threei} played out exactly as we decided to try it:
[11:05] {dino} no touchy touchy les
[11:05] {Threei} market sharp move down, little delay by CAT
[11:05] {strider} out 1/2
[11:05] {Threei} window for entry
[11:05] {Threei} .71 Les??
[11:05] {Les} .61 my bad
[11:05] {Threei} whew
[11:06] {Threei} scared the bejeezus out of me
[11:06] {dino} out meli, .30 +.29
[11:06] {Les} sorry. Nemo's remarks were useful
[11:06] {Threei} I thought "okay, if les continues trading for 3 cents profits, I'll have to unholster that .44 mahnum"
[11:06] {Les} rofl
[11:07] {Threei} and I firmly pklanned on not murdering anyone today
[11:07] {fernp} just one mistaken: I've covered CAT pressing SELL buttom...
[11:07] {dino} how soon les forgets dino
[11:07] {Threei} wow fern
[11:07] {strider} good for you , Raskalnikov.
[11:07] {Les} ? dino?
[11:07] {Threei} lol...
[11:08] {Threei} fern, ended well?
[11:08] {strider} It's nice to take a day off once in awhile.
[11:08] {fernp} yes, yes
[11:09] {strider} Vad, if you've got .15 for 1:1, do you wait for .30 for second partial?
[11:09] {magoo} sqnm
[11:09] {Threei} as a rule, yes
[11:10] {BillyD} Vad, watching if AKAM sets up again
[11:10] {patience} .
[11:11] {Threei} very uch so Billy
[11:11] {Threei} those huge bids are very interesting
[11:11] {Les} scam bids?
[11:11] {Threei} nope
[11:11] {BillyD} you shouldn't fake out the mkt Vad
[11:11] {Threei} some selling into first of them went through, and they did take it
[11:11] {BillyD} hehe
[11:11] {magoo} FCX going over 80 imo
[11:13] {Threei} market slowed down considerably
[11:13] {Threei} latest catch:
[11:13] {Threei}
[11:14] {Threei} ese/patience area
[11:14] {BillyD} nice Mt. Baker shot
[11:14] {Threei} ty
[11:15] {Threei} I've got quite a few of those
[11:15] {patience} you didn't include my roses that are blooming :)
[11:15] {Threei} gotta do a separate post on that mountain alone
[11:15] {Threei} just not in a flowrish mood :)
[11:15] {Threei} flowersih
[11:15] {Les} ooh that is nice, the mountain
[11:16] {fernp} the last one is very beautiful
[11:16] {Threei} ty
[11:16] {Les} you could be in switzerland with such a photo
[11:16] {Threei} technically first one was the most difficult
[11:16] {Les} looking at such a photo
[11:16] {Threei} shot right into the sun
[11:16] {ese} beautiful pictures of cattle point vad
[11:16] {Threei} ty
[11:17] {ese} and you didn't stop in for coffee
[11:17] {Threei} sorry... next time :)
[11:17] {ese} ohhhhh patience.......someone needs a talking tooooooooo!
[11:17] {Threei} there were 4 girls taking group photos in light dresses... amazing view for the December
[11:18] {dino} indeed
[11:18] {ese} ahhhhhhhhhhhh hhaaaaaaaaaaaaa!!!!!!!!!!
[11:18] {Threei} AKAM forms that .50 resistance
[11:19] {ese} well indeed everyone...........thats is indeed my end of town here in victoria
[11:20] {Threei} invalidated again
[11:20] {BillyD} 75K block Vad
[11:20] {Threei} yeah
[11:20] {BillyD} maybe that buyer be gone and might fall
[11:20] {BillyD} who knows
[11:21] {ese} mt. Baker was stunningly clear on the weekend.......
[11:21] {strider} YOu all need some more air pollution, ese.
[11:21] {strider} protects the eyes from all that clarity.
[11:22] {fernp} lol
[11:22] {Threei} I like your thinking
[11:22] {Threei} this mountain is about 100 km from us
[11:23] {Threei} amazing for tele lens can do ej
[11:23] {ese} the physics guy at my school explained it to me.... a little warmth on the ocean creates a convex type camera lens with the moisture rising......magnifies the other side quite significantly
[11:23] {nemo} that's same reason moon looks so big when it's low in the sky: looking through more atmosphere than when it's high in the sky
[11:23] {strider} cmon CAT.
[11:23] {Threei} who is partialling CAT?
[11:24] {strider} me
[11:24] {ese} definitely nemo
[11:24] {strider} offer at .51
[11:24] {Threei} bid
[11:24] {strider} sorry, bid.:)
[11:25] {Threei} watch your terminology... that's exactly why some hit sell instead of buy when cover (Threei is squinting at fern)
[11:26] {fernp} if we play AKAM short, stop should be above .60, all other levels seem a bit feeble
[11:26] {strider} I keep a little text box over each L2, so I can type my position in. Helps keep me straight.
[11:27] {strider} lightening up at .56
[11:27] {strider} looks like it might be a bottom.
[11:28] {Threei} traail to above .60
[11:28] {Threei} protect yourself from reversal
[11:29] {Les} FCX
[11:30] {Threei} out strider?
[11:30] {strider} no
[11:30] {strider} still 1/4
[11:30] {Threei} okay
[11:30] {ese} L fitb .3192 sheesh wha da ya say we call it .32 ehhhhhh live a ltttle dangerously
[11:30] {Threei} stop to above .60
[11:31] {strider} k
[11:32] {strider} out .49
[11:32] {strider} thanks vad
[11:33] {Threei} :)
[11:37] {nemo} aapl volume huge today
[11:40] {fernp} WFC on lows
[11:41] {BillyD} WFC hasn't been nice to me lately so I took it off my screen
[11:42] {nemo} smart stock
[11:43] {fernp} That happen to me with HIG, Billy
[11:44] {nemo} lunchtime on a coma day...oy
[11:45] {ese} out fitb .36 +.04
[11:48] {dino} fgxi
[11:48] {Threei} {GXI} what did I ever do to you dino?
[11:48] {dino} lol
[11:49] {strider} from Dec. 3rd: : FGX International initiated with an Overweight at Stephens
[11:49] {strider} Target $20.
[11:49] {strider} Maybe my chart's upside down.
[11:51] {Threei} NQ less than 10 poins range
[11:52] {Threei} are we good or what
[11:52] {strider} Financial statements out today for FGXI
[11:52] {Threei} well... except sense of humor
[11:52] {strider} no. wrong.
[11:52] {dino} could be strike pay on it
[11:52] {Les} strider they frame works of art and demand ridiculous sums of money for charts like FXG
[11:52] {Threei} still can't believe no one fiound GXI joke funny
[11:52] {strider} forget it.
[11:52] {strider} hahahaha...
[11:53] {Threei} yeah right
[11:53] {strider} just because vad said it.
[11:53] {dino} mon hl .25 l
[11:53] {Threei} mercy laugh
[11:53] {Threei} I don't aceept even mercy ... mm, never mind
[11:53] {strider} CAT looks like a dino long here.
[11:53] {fernp} OSIP if returns to live and break 35 could be interesting
[11:54] {dino} sure w/stop at lod
[11:55] {strider} you know what vad said when he walked into a bar?
[11:56] {magoo} wheres magoo?
[11:56] {strider} exactly.
[11:56] {strider} stole my thunder.
[11:57] {Threei} hmmm... my usual icebreaker in the bar is "shot of cogjnac and salted cucumber please"...
[11:57] {BillyD} you get a funny look?
[11:57] {Threei} if I go all fancy, it's champaign and pickled cucumber
[11:58] {Threei} no, I get a cgnjack and cucumber
[11:58] {BillyD} I see your mood
[11:59] {Threei} then magoo comes with beer and Alaska king crab legs, and ruins harmony
[12:01] {Threei} he would probably be better convive if not for the habit of shooting in the window every time deer walks by
[12:01] {Threei} I go deaf at the end iof the day... and broke paying for all the broken glass
[12:02] {strider} I would have thought magoo hunts the same way he trades: just jump on their back and ride them till they drop dead.
[12:03] {nemo} are you talking about hunting or his affinity for sheep?
[12:03] {strider} I ain't going there.
[12:03] {Threei} ouch
[12:03] {Threei} lol but ouch
[12:04] {Threei} but lol
[12:04] {Threei} OSIP got smacked good
[12:05] {fernp} yeah
[12:07] {dino} lol nemo
[12:07] {nemo} :)
[12:08] {Threei} sheesh dino... you really need to do something about that dial-up connection
[12:09] {larisa} may be he is just too focused trading, we need to fix that bad habit :)
[12:09] {dino} lol
[12:09] {dino} larisa is correct
[12:09] {dino} trying to figure out fgxi entry
06[12:10] * magoo slaps nemo around a bit with a large trout
06[12:10] * magoo slaps nemo around a bit with a large trout
06[12:10] * magoo slaps nemo around a bit with a large trout
06[12:10] * nemo slaps magoo around a bit with a large sheep
06[12:10] * nemo slaps magoo around a bit with a large sheep
06[12:11] * nemo slaps magoo around a bit with a large sheep
[12:11] {strider} help! I can't breathe in here.
[12:11] {Les} yeh time out for me. back later
[12:12] {strider} You might wanta edit this one, vad.
[12:12] {ilana} great, they've got lots of new stuff
[12:12] {ilana} grilled scalop
[12:13] {Threei} who?
[12:13] {strider} I gots to run. Maybe be back before the close.
[12:13] {ilana} ooops wrong window
[12:13] {fernp} back in an hour, I have to go to airport. Please, don't make any winner call in my absence :-)
[12:14] {Threei} hey, if you all left, what am I doing here?
[12:14] {nemo} well, you coul always fade the loser call and win fern
[12:14] {strider} not my problem. :)
[12:15] {Threei} ok, hurry up everyone... now that les, fern and strider left, let's make money quickly
[12:17] {fernp} grrrrrr
[12:17] {Threei} no such symbol
[12:18] {strider} short 5k grrrrrr
[12:19] {strider} I'm trusting you on this one, vad.
[12:19] {strider} I'll leave it open till I get back.
[12:23] {magoo} dammit AIG
[12:24] {nemo} that was out of the blue
[12:25] {magoo} its diferent today vad..has some momo
[12:25] {Threei} ALTH
[12:25] {Threei} Allos Therapeutics Inc Citi defending ALTH; Reitierates Buy rating, price target $15 (timing uncertain)
[12:25] {Threei} - Firm believes the current valuation does not fully reflect the commercial potential of FOLOTYN or any of its future potential indications. Data from the Phase 2b study of FOLOTYN in NSCLC is expected in 1H 2010.
[12:25] {Threei} hmmm
[12:25] {Threei} $6 stock, target 15, and no even uptick?
[12:26] {magoo} unless its the greatest entry ever
[12:26] {Threei} on another hand,
[12:26] {Threei} ALTH UPDATE: Wells Fargo Cuts ALTH to Market Perform from Outperform, price target: $6-7
[12:26] {Threei} - pre-open
[12:26] {Threei} shrug
[12:26] {Threei} I'll wait until they duke it out with each other'
[12:27] {Threei} althoug if pressed, I'll pick WFC
[12:27] {Threei} their stock is more expensive so they ought to know better, right?
[12:27] {nemo} qqqs treading support
[12:28] {Threei} CNBC notes the Supreme Court hearing a case today that could lead to modifications to Sarbanes Oxley legislation
[12:28] {Threei} what's that?
[12:28] {nemo} qqqq
[12:28] {BillyD} AKAM took one of the big bids
[12:28] {Threei} .41 is still there
[12:29] {Threei} was it .39 one that moved higher?
[12:29] {BillyD} yes, I think so
[12:29] {BillyD} it was around same size as .41
[12:33] {Threei} looks more and more tempting
[12:33] {BillyD} yes
[12:33] {Threei} and continues pewcking at that low so stubbornly
[12:33] {Threei} pecking
[12:34] {BillyD} our bidder left
[12:34] {Les} fcx consolidating?
[12:34] {BillyD} momentarily I bet
[12:34] {nemo} looks up les, but it's lunch
[12:35] {nemo} whoa huge volume on fcx
[12:36] {magoo} nice spot guys
[12:36] {nemo} .65 .70 area should stop
[12:36] {Les} wow wasn't expecting that. a bounce before the reversal?
[12:37] {magoo} WOW
[12:37] {magoo} AIG trying too
[12:38] {Threei} Fed's Bernanke: There is some way to go before we can be sure the US economic recovery is self sustaining
[12:38] {Threei} - Sees modest growth in 2010, enough to lower unemployment rate.
[12:38] {Threei} - Household spending is unlikely to grow rapidly
[12:38] {Threei} - US economy still facing "significant headwinds," headwinds for growth in clude tight credit and the weak job market.
[12:38] {Threei} - Inflation may decrease further from current level. Long-term inflation appears stable.
[12:38] {Threei} - Raising interest rates on reserves held at the Fed will be an important tool for tightening policy.
[12:38] {Threei} - Fed funds rate can rise even with a large Fed balance sheet
[12:38] {Threei} - Regional Fed structure gave policymakers perspective on main street during crisis.
[12:39] {Threei} looks like market wanted to hear anything but "we start tightening rates now"
[12:39] {Threei} I doubt however this will ignite sustainable rally
[12:42] {dino} fgxi hl l ave .85 ave
[12:43] {dino} need appt to buy it
[12:44] {BillyD} FCX if takes 80 and holds .80 area maybe
[12:44] {nemo} careful looking short
[12:45] {BillyD} thx
[12:46] {magoo} long before short imo
[12:47] {magoo} should xplode thru 80
[12:47] {magoo} c'mon...sigh
[12:50] {magoo} .08 not xplosion....38 oolio
[12:50] {nemo} cat
[12:52] {magoo} thats an xplosion
[12:52] {Threei} nice find guys
[12:52] {dino} out mon .60, +.35
[12:53] {Les} we getting close to double top on fcx now?
[12:53] {larisa} price is advancing on falling indicators FCX, would not stay in long for too long :)
[12:54] {dino} out fgx .11 ave, +.26
[12:55] {magoo} should go .40 area
[12:56] {nemo} rmaybe even .60
[12:56] {Les} we talking fcx still?
[12:56] {magoo} ya ya
[13:03] {magoo} waiting .43
[13:03] {magoo} from .69
[13:05] {nemo} I'd cover mags
[13:05] {nemo} or at least partial
[13:06] {magoo} out
[13:10] {nemo} shrot fcx .05 stop .15
[13:12] {Les} short. .12
[13:13] {Les} out .01
[13:13] {Les} back to dinner
[13:13] {Threei} lol
[13:14] {Threei} what kind of trading is that... spoilinh digestion
[13:15] {dino} pru hl l .25
[13:15] {dino} stop .98
[13:15] {nemo} stopped fcx.
[13:16] {Threei} anyone needs to know Hungary budget balance?
[13:17] {Threei} whatever... some day you will need it, and I won't be around
[13:17] {larisa} ok, tell us
[13:17] {Threei} suuuure... now you want to know
[13:18] {Threei} US) EPA formally declares greenhouse gases a danger to public health and welfare, allowing agency to regulate Co2 emissions
[13:19] {nemo} $ fallling
[13:19] {nemo} falling
[13:20] {Threei} Ben said "extended period of lower rates"
[13:20] {Threei} so...
[13:20] {larisa} in the future or he is counting the past?
[13:21] {Threei} no, in the future
[13:21] {Threei} so USD reacts accordingly
[13:21] {Threei} Just 15% Favor Higher Gas Tax To Fund More Transportation Projects
[13:21] {ese} gotta go....still long drys .275.....up a cent and a 1/2 now we'll see take care
[13:22] {Threei} how soon "new tax" will cause strong vomiting in 100%
[13:22] {Threei} take care ese
[13:24] {Threei} Long Setup: GLD .90
[13:24] {nemo} cya
[13:25] {Threei} 20 cents spike right on break
[13:25] {fernp} im back
[13:28] {Threei} take profit who went for secondary entry
[13:28] {Threei} 30 cents on second chance
[13:29] {Threei} not interested in third time
[13:29] {Les} in and out .14 - .22. someone took my offer without waiting. back to dinner
[13:30] {Threei} what kind of dinner is that
[13:30] {Threei} frozen pizza without heating it up or what
[13:31] {Moose} don't eat the yellow snow where the eskimos go
[13:31] {nemo} huskies moose
[13:31] {Moose} and moose
[13:31] {nemo} and badgers
[13:31] {nemo} Frank's rolling in his grave
[13:32] {Threei} and chukcha
[13:33] {Moose} nemo... it just dawned on me what you said... lol
[13:34] {Moose} Frank Zappa
[13:34] {nemo} hehehehe
[13:34] {Moose} :P
[13:34] {Threei} too deep cultural reference.. lost on me
[13:34] {Moose} Frank Zappa sang that song
[13:34] {nemo} well, it's not Tolstoy
[13:34] {nemo} or Anatole
[13:34] {nemo} hehehehe
06[13:35] * Threei slaps nemo around a bit with a large volume of Kurt Vonnegut
[13:35] {nemo} "Watch out where the huskies go, don't you eat that yellow snow!"
[13:36] {fernp} WFC short here, Vad?
[13:37] {Threei} ugh
[13:37] {Threei} yes
[13:37] {Threei} but I don't know :)
[13:37] {Threei} I mean, chart is beautiful
[13:37] {Les} for what. 2 cent movement?
[13:37] {Threei} and out of all such charts, only one worked today
[13:37] {Les} dinner finished. and I'll have you know I am the cook.
[13:38] {Threei} that's multitasking
[13:38] {fernp} five cents stop, no?
[13:38] {nemo} Next he'll tell us he's the maid and where's a little french outfit
[13:38] {Les} where's what?
[13:38] {fernp} i'll take it if breaks
[13:38] {Threei} 5 or 10
[13:39] {Threei} my eyes
[13:39] {Threei} nemo, why would you go and give me that retina-burning visual
[13:39] {nemo} Hey, we enjoy each other's suffering here
[13:40] {Threei} I need some very strong distraction
[13:40] {Threei} Tom Waits, urgent
[13:40] {nemo} fcx short? then
[13:40] {Threei} And so a secret kiss
[13:40] {Threei} Brings madness with the bliss
[13:40] {Threei} And I will think of this
[13:40] {Threei} When I'm dead in my grave
[13:40] {nemo} pullback to .40 maybe
[13:40] {Threei} no
[13:40] {nemo} when you're dead in your grave, you won't be thinking of anything
[13:40] {Threei} FCX tends to reverse off these formations rather than break down
[13:41] {nemo} frickin fcx and I was watching pru, that decided to break
[13:41] {Threei} you are mistaken... I plan to finally start thinking then
[13:41] {Les} fcx bouncing nicely of support on the daily
[13:41] {Les} I'd like to go long
[13:41] {Les} if the price is right
[13:43] {fernp} BBY, Vad?
[13:44] {Threei} could be
[13:44] {magoo} ASIA plling bk
[13:45] {Threei} 5 cets stop, why not
[13:45] {fernp} 5 or 10?
[13:45] {Threei} 5
[13:50] {fernp} WFC trying to break
[13:53] {Les} nemo, speculating that fcx may be ready to return to support levels below 80 that you posted
[13:54] {nemo} you've got alot going on between here and ..65-70
[13:54] {nemo} that 80.60 level it peaked at I had as support/resistance
[13:54] {Threei} US Pres Obama: Some TARP capital may be allocated towards deficit reductions; a job plan
[13:54] {Threei} - Note: House Speaker Pelosi commented last week that TARP capital would be put towards job plan
[13:54] {Les} hmm looking for setup
[13:55] {nemo} How can tarp capital go for deficit's fricking borrowed anyway
[13:55] {fernp} out WFC +.06
[13:55] {Les} Hey, "the one" can do anything he wants
[13:56] {Threei} wtg fern
[13:56] {Threei} from now on thbis is going to be my trading song:
[13:56] {Threei}
[13:56] {Les} nemo, fcx dropping fast
[13:57] {nemo} .88 yesterday's close
[13:57] {nemo} .87
[13:58] {fernp} I prefer your pics
[13:58] {larisa} lol
[13:58] {Les} yeh tom waits is special
[13:58] {BillyD} Vad, I have nothing that I can adequately describe that song
[13:58] {Threei} lol
[13:58] {fernp} lol
[13:58] {dino} pru stopped -.27
[13:59] {larisa} dont be late, be on time. it can be traders song though :)
[13:59] {Les} yeh missus introduced me to waits but this is something else
[14:03] {nemo} see, fcx bounce off yesterday's close
[14:03] {Les} yeh. is it always like that?
[14:03] {Threei} here is another one for you, Billy, not a joke this time
[14:03] {Threei}
[14:04] {nemo} no, but it was a high probability support area
[14:04] {BillyD} tranquil
[14:05] {Les} this one by waits is a real rasper:
[14:05] {BillyD} I keep looking around the corner for Humphrey Bogaert
[14:06] {Les} i'm actually warming to this guy
[14:06] {Threei} Waits?
[14:06] {Threei} he is incredible
[14:07] {Les} I know him best from shrek 2
06[14:07] * nemo slaps Les around a bit with a large trout
[14:07] {Les}
[14:07] {nemo} What is this, a trading room or MTV?
[14:08] {BillyD} it's Tom Waits hour nemo
[14:08] {Threei} depends on trading range
[14:08] {Les} gimme a trade coin dexter
[14:08] {nemo} so, do the Qs bounce here, or dive darth
[14:09] {Les} I don't look at q's very often. should I be keeping eye on SPY or QQQQ during trading?
[14:09] {nemo} both
[14:12] {Threei} QQQQ for nasdaq stocks, spy or DJI for Dow stocks
[14:12] {nemo} fas or iyf for financials
[14:12] {Les} ok. I don't switch market charts to track the appropriate stock
[14:12] {Les} my bad
[14:12] {Threei} OK, last one, I promise... but Billy, you'll like it
[14:12] {Threei}
[14:13] {ilana} reminds of Leonardo Cohen style a bit
[14:14] {fernp} I prefer these guys
[14:17] {Threei} BBY tries to reestablish
[14:17] {fernp} .05 break?
[14:17] {Threei} tes
[14:17] {Threei} yes
[14:18] {BillyD} taht song will hurt traders vad
[14:18] {BillyD} trying to know
[14:19] {Threei} :)
[14:19] {Les} just saw importance of histogram on my one click trading tool nemo
[14:19] {Les} looking to short fcx at top of range
[14:19] {Les} hit .12, big histogram bar, and promptly reversed.
[14:19] {Les} will use that more often for these tighter ranges
[14:21] {fernp} if breaks BBY, your stop is under 44 or 43.95? bounced off .95 a couple of times
[14:21] {Threei} really want it to hold 44 firmly finally
[14:21] {Threei} se we could use it
[14:24] {fernp} QQQQ looks short here .... QID long?
[14:26] {Threei} don't want to chase...
[14:26] {Threei} let's see if we get snapback
[14:32] {BillyD} hard to get in this move
[14:33] {BillyD} CAT b/dn if continuation
[14:34] {Threei} here is QID pullback, let's see if it gives us something close to .70
[14:38] {Threei} not much of a pullback eh
[14:38] {BillyD} nvda OFF 16?
[14:38] {dino} watching fgxi, mon, pru, trgt, meli
[14:40] {nemo} fcx at important support
[14:41] {Threei} NVDA is almost immobile
[14:41] {Threei} 79 nemo?
[14:41] {dino} bth too
[14:41] {nemo} yes
[14:41] {Threei} looks lovely
[14:41] {nemo} could bounce nice or be short
[14:42] {nemo} lovely?
[14:42] {nemo} ewwwwwwww
[14:42] {Threei} let's just see if it gives us close range
[14:42] {nemo} volume increasng a bit, might be a long
[14:44] {nemo} rimm .07 risk either way
[14:45] {Threei} if you went for aggressive FCX short, you are golden; if for regular, not too shabby either
[14:48] {Threei} one more leg down comes it looks like
[14:50] {Threei} .75 short FCX
[14:50] {Threei} if holding under .85 - .90
[14:51] {Threei} dies FCX
[14:51] {Threei} -s
[14:51] {fernp} please dies
[14:51] {fernp} -s
[14:52] {larisa} lol
[14:52] {Threei} no, don't bounce
[14:52] {Threei} just die
[14:52] {BillyD} you guys enter already?
[14:52] {BillyD} .75
[14:52] {nemo} you on dial up billy?
[14:53] {Threei} I did
[14:53] {BillyD} the .75 call?
[14:53] {larisa} 79 break they did short
[14:53] {Threei} but I have nice cushion on FCX, took aggressive short from 79.14 to 78.82
[14:54] {nemo} out75
[14:54] {Threei} ok, this second one is not the best idea
[14:54] {Threei} getting a bit nervous
[14:55] {Threei} and I like them to die calmly
[14:55] {nemo} it's market bounce time, dude
[14:55] {Threei} no way
[14:55] {Threei} this aggression will not stand
[14:55] {larisa} i missed .75 call, sorry Billy for confusion. vad makes too many "running" comments for my one line brain :)
[14:56] {nemo} trade what you see, not what you want to believe.
[14:56] {fernp} no go
[14:56] {Threei} no
[14:57] {Threei} what, no comments on "this aggression will not stand" reference? right after "dude"?
[14:57] {nemo} thanks George
[14:57] {Les} ok will call it quits on that. much better day for me. less trading. disciplined use of stops. happy with this. night all.
[14:58] {Threei} take care Les
[14:58] {fernp} bye ese
[14:58] {dino} pru hl l .25
[14:58] {fernp} les
[14:58] {nemo} aig, feels like go
[14:59] {dino} gn les
[15:00] {Threei} Oct Consumer Credit -$3.5B v -$9.4Be
[15:01] {Threei} wow
[15:01] {Threei} White House Press Secretary: Obama stands by re-nomination of Bernanke for Fed Chairman
[15:01] {Threei} wny not... he does such a splendid job
[15:03] {Threei} (RU) Hearing JP Morgan downgrading Russia to Neutral (timing uncertain)
[15:03] {Threei} Cites potential for correction in energy and commodity markets.
[15:03] {Threei} - Note: Investors are overweight on Russian and Brazilian equities. The risk is a sharp reversal in this consensus trade.
[15:08] {magoo} read RIMM vad?
[15:09] {Threei} rather up...
[15:09] {ilana} HGSI
[15:09] {Threei} in that it's likely to follow thr market up, and less likely to follow it down
[15:10] {Threei} HGSI is interesting
[15:10] {Threei} if market helps
[15:10] {Threei} this .40 break looks tempting
[15:13] {dino} trgt hl l break of .00
[15:13] {nemo} ahhh...rorschach chart
[15:21] {dino} lol, rev shark, real$ "interesting that obama states how well our tarp plan has worked, when it was instituted prior to his taking office. i guess if it didn't work well, it would be george bush's plan
[15:22] {Threei} and it's still a big question about how it worked
[15:22] {Threei} but let's move on to the next "solution looking for a problem":
[15:22] {Threei} are we going to cut the trees now?
[15:22] {dino} ironically, the mortgages are all still on fre, fnm books
[15:23] {Threei} 'cause CO2 is a harmful substance starting today
[15:23] {dino} no 3i, we are going to sue you for exhaling
[15:23] {Threei} that's OK, my lawyer will argue that jury and judge breatje too
[15:23] {Threei} but trees, what about them?
[15:24] {Threei} remember protester who brough a potted tree to Reagan, with sign "cut me before I kill again"?
[15:24] {dino} trees eat co2
[15:24] {Threei} only in the day
[15:24] {Threei} in the night they do the opposite
[15:24] {Moose} that fickle
[15:24] {Moose} s
[15:25] {dino} hmmm, never knew that
[15:25] {Threei} it's actually very complicated process
[15:26] {Threei} non linear
[15:26] {Threei} depending on time of the day, tree age, annual seasion
[15:26] {dino} hate to see what would happen to met if it lowered 2010 guidance
[15:26] {Threei} kind, location
[15:26] {fernp} all breakdown are working on WFC except the one that we played this morning lol
[15:26] {Threei} simple claim that they create oxygen and eliminate C)2 is far from truth
[15:27] {Threei} didn't we took another pne later one?
[15:27] {fernp} me yes
[15:28] {fernp} and i've played this .35 break
[15:28] {dino} cfsg
[15:28] {Threei} actually fern
[15:28] {Threei} this is important observation
[15:29] {Threei} for quite a while we tried to get most of our plays in the morning
[15:29] {Threei} and seond part of the day was usually fruitless
[15:29] {Threei} it seems to be changing
[15:29] {fernp} i know
[15:29] {Threei} not a first day today as we get nice steady selloff closer to ed
[15:29] {fernp} lately we are ending sessions with selloff
[15:29] {Threei} and while morning has a bit too much volatility
[15:30] {Threei} this selling starts looking like useable pattern
[15:32] {dino} not yet 3i
[15:32] {Threei} "In general, trees take in carbon dioxide and give off oxygen. Trees and other plants are this planet's main source of oxygen. trees at night give off carbon dioxide. Besides oxygen, carbon dioxide is about all a tree can give off in any great quantity.
[15:32] {Threei}
[15:32] {dino} and leaves, lol
[15:33] {Threei} During the daylight hours, plants produce oxygen. At night, they consume oxygen and release carbon dioxide.
[15:33] {Threei} there
[15:33] {Threei} let's cut them all
[15:33] {Threei} they are murderers
[15:33] {dino} out pru .49, +.24
[15:33] {Threei} leaves, dino... those release CO2 when decompose
[15:33] {Raven} {--------- cut and split 2 cords of firewood this summer
[15:34] {Threei} good job saving the planet Raven
[15:34] {Raven} thx
[15:34] {dino} i switched to natural gas, tired of the firewood work
[15:34] {Raven} I have nat gas
[15:34] {Threei} no one comments on that
[15:35] {Raven} super efficient wood burner heats whole house
[15:35] {Threei} this is fair warning
[15:35] {BillyD} lol
[15:35] {Raven} and splitting is good exercise ... except for my black right toenail
[15:36] {nemo} steel toe shoes
[15:36] {Raven} I have them now :)
[15:36] {fernp} Goog evening everybody. see you all tomorrow
[15:36] {BillyD} same here everyone
[15:37] {dino} cya
[15:38] {Threei} take care fern
[15:42] {Threei} C
[15:42] {Threei} Citigroup Inc Reportedly Citi and US govt are deadlocked on how much capital the bank needs to raise - unconfirmed report
[15:42] {Threei} - Negotiations between Citi and the US govt may last through next month or even Q2.
[15:42] {Threei} ***Reminder: On 12/6 the FT reported that Citi was trying to convince US officials to allow it to repay $20B of its TARP funds
[15:43] {Threei} this reads like something surreal
[15:44] {dino} hl l trgt .00, stop lod
[15:53] {strider} OK. I'm back. Let's trade.
[15:53] {strider} got 6 minutes.
[15:53] {Threei} ok
[15:53] {Threei} Long Setup: SOMETHING
[15:53] {magoo} in
[15:53] {nemo} mags is in
[15:54] {Threei} did it trigger?
[15:54] {strider} must be a bulletin board stock.
[15:54] {nemo} chinese company
[15:54] {nemo} sum ting
[15:54] {magoo} roflol
[15:54] {strider} I'm fading magoo.
[15:55] {Threei} which reminds me the name of Bahamian store selling condoms: Protect Ya Tings
[15:55] {strider} Now see what you did.
[15:55] {strider} Made ilana leave.
[15:55] {Threei} I have this effect on women
[15:55] {strider} ha
[15:55] {dino} trgt to b/e
[15:56] {dino} amzn drop
[15:56] {Threei} many years of pratcice allowed larisa to work out some tolerance
[15:57] {strider} Well vad, I think everyone has learned to tolerate you.
[15:57] {Threei} no, not everyone
[15:57] {Threei} many say"nah, life is too short"
[15:58] {strider} My wife told me the other day that I had found my perfect social situation.
[15:58] {strider} This room.
[15:58] {dino} lol
[15:58] {Threei} FMCN earnings after the bell
[15:58] {dino} out trgt .02, +.02
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {larisa} see you :)
[16:00] {nemo} gnite
[16:00] {Threei} see you tomorrow
[16:00] {strider} adios.
[16:00] {Moose} adios amigos
[16:00] {dino} gn all
[16:00] {Threei} THLD Announces Preclinical Multiple Myeloma Data (1.70, -0.11, -6.08%)
[16:04] {nemo} guess earnings weren't too good
[16:04] {magoo} which?
[16:04] {Threei} just three trades
[16:05] {Threei} and I still don't have numbers
[16:05] {Threei} FMCN mags
[16:05] {magoo} ok
[16:07] {magoo} buck fitty spread on it
[16:07] {Threei} yeah, no bids to hit
[16:07] {Threei} OK, whatever

Labels: , , ,

Friday, December 4, 2009

Dec 04 2009

That was one nice day for shorting. FCX, AIG, WFC , CAT, plus some scalps on a long side for bounces - much easier day than what we had over last month or so.

Session Time: Fri Dec 04 00:00:01 2009

[08:16] {nemo} ahhhh....Raven....
[08:20] {Raven} ahhh ... yes
[08:22] {nemo} ahhhh...can you provide some adult supervision here...I noticed the group missed a great short on cat, we just can't have that.
[08:23] {nemo} Les...where were you yesterday?
[08:24] {Raven} not my job
[08:24] {Les} that scares me that you can track my movements here Nemo
[08:24] {nemo} I used to work in intelligence
[08:24] {Les} don't say army intelligence
[08:24] {Raven} oxymoron?
[08:24] {Les} then Ill call you an oxymoron
[08:24] {nemo} as you may have noticed...I was just going to say that raven
[08:24] {Les} like Raven
[08:25] {Raven} lol
[08:25] {nemo} damn, you guys got to it before I did
[08:25] {Les} stressed out yesterday
[08:25] {Raven} perhaps we should start over
[08:25] {Les} you know how I am licked
[08:25] {nemo} which reminds me...I mentioned the whole Disgruntled Postal-Worker Fantasy List thingy?
[08:25] {Raven} good morning
[08:25] {nemo} How some names are in pen...some in pencil?
[08:25] {strider} cover short BAC +.10
[08:25] {Les} i am in pen
[08:26] {nemo} nahhh
[08:26] {Les} or so i believe
[08:26] {nemo} not even on the list les
[08:26] {nemo} hahh...your listless
[08:26] {nemo} which, is not a bad thing
[08:26] {Raven} sigh
[08:26] {Les} :(
[08:26] {nemo} you covered strider?
[08:26] {nemo} watch fcx. 83.65 important level
[08:27] {Les} not important enough to be targeted by a maniac. thats depressing
[08:27] {nemo} too far away les...Raven, he's another story
06[08:27] * strider slaps strider around a bit with a large bowl of hasty pudding
[08:27] {nemo} you at harvard strider?
[08:27] {Raven} __{{{}
[08:27] {nemo} oh no, Ravenspeak
[08:28] {strider} no, just a case of premature evacuation on BAC
[08:28] {Les} Nemo, is market depth, w hich is what i use at IB, same as level 2?
[08:29] {strider} yes, Les.
[08:29] {nemo} it incorporates LII and time&sales in one view with cumulative volume at each level, which I think is better
[08:29] {nemo} hey les, how do you post graphics here for people to view?
[08:30] {nemo} jobs must have been good
[08:30] {BillyD} GM
[08:30] {Les}
[08:31] {Les} ah no I found something else on my IB software.
[08:31] {Les}
[08:32] {Les} ah no, its not this
[08:32] {nemo} yes, that's good
[08:32] {Les} no wait a minute
[08:32] {Les}
[08:33] {Les} the right screen
[08:33] {Les} that level 2?
[08:33] {nemo} yes, and more
[08:33] {Les} the left window is for one click trading like laser
[08:34] {Les} so are you guys trading with T&S AND level 2 on screen?
[08:34] {nemo} LII is the bid/ask and prices and the lots at those prices
[08:34] {nemo} what's nice is you have a histogram showing accumulation at each level which helps identify support and resistance
[08:35] {nemo} one thing that would be nice was if there was a numeric tally in the histogram of shares traded at that level
[08:35] {Les} ok, noticed it but never used it
[08:36] {nemo} what you can see there and a chart would confirm, that the 111.40 level is important
[08:37] {Les} picked up vad's scalping course this week, so looking more into software I have
[08:38] {Threei} US) NOV UNEMPLOYMENT RATE: 10.0% V 10.2%E
[08:38] {Threei} - No revisions
[08:38] {Threei} ***note: the early 1980's unemployment rate peaked in Dec 1982 at 10.8%
[08:40] {Les} hi vad. lot more machines and useless paper pushing jobs invented since 1980
[08:42] {Les} thats rather disturbing thought
[08:42] {Les} 1980's - height of cold war
[08:42] {Les} massive military expenditure/manufacturing
[08:43] {Les} not same mix of sector related economic GDP now
[08:47] {strider} BAC spike
[08:47] {Threei} what isn't
[08:47] {strider} just in last minute
[08:48] {strider} trading .45 above new offering.
[08:48] {Threei} still in the red
[08:48] {Threei} everything else is green
[08:49] {Threei} BAC S&P affirms ratings; raises preferred stock rating (15.76, 0.00, 0.00%)
[08:51] {strider} wow BAC
[08:51] {nemo} yeah...I was tempted @ .35
[08:53] {Les} wow. gold cliff diving
[08:54] {nemo} yeah, this implies strengthening US $ up too
[08:54] {Les} Vad had to go and mention bubble and gold in the same breath yesterday
[08:54] {Threei} lol
[08:54] {Threei} but you know Les... "this time it's different"
[08:55] {Threei} goldbugs will cite all kinds of reasons why this is not a buble,
[08:55] {Moose} gm all
[08:55] {Threei} the only problem is: each bubble had such "reasons"
[08:55] {Threei} moose :)
[08:56] {nemo} do you have a squirrel friend, Moose?
[08:56] {BillyD} lol
[08:56] {Moose} :D
[08:56] {Les} so you think it is same scammers selling gold like they sold housing etc?
[08:56] {nemo} cycles Les
[08:57] {Threei} no les
[08:57] {Threei} I don't view any bubble as scam
[08:57] {strider} short BAC .62 stop .80
[08:57] {Threei} scammers is a ;part of any bubble
[08:57] {Threei} but only because bubbles create scam-inducing environment
[08:58] {nemo} watch for bounce at .55 strider
[08:58] {Les} k
[08:58] {nemo} Les thinks I'm a maniac, Vad
[08:58] {Threei} same way as housing bubble created a lot of oppportunities for scammers,
[08:58] {BillyD} lol, you aren't
[08:58] {strider} thx
[08:58] {Threei} and they moved in of colurse
[08:59] {Threei} but did they create bubble?
[08:59] {strider} stop to .70
[09:00] {nemo} nice work early though strider, got out with profit before the explosion
[09:00] {BillyD} Vad, any thought s on selling this gap up
[09:01] {nemo} wow $ really up
[09:01] {Threei} thoughts? me? I am flattered
[09:01] {nemo} Billy wasn't thinking
[09:01] {strider} sounds kind of insulting to me.
[09:01] {BillyD} my bad
[09:02] {nemo} funny you should say that strider, had a teacher, whenever he thought your answer was idiotic, he'd say, "that's a sophisticated answer."
[09:02] {Threei} strider, I always assume the best intention is people (while reloading the gun)
[09:03] {Threei} billy... I'd put it this way:
[09:03] {nemo} strider...I think we were separated at birth (which was a good thing for you)
[09:03] {Threei} I expect selloff at some point,
[09:03] {Threei} I have no means to determine the timing for now,
[09:03] {strider} yeah, to selloff
[09:03] {strider} no to separation at birth.
[09:03] {nemo} hehehehe
[09:03] {Threei} Isuspect the early shorters will be chewed up and spit out,
[09:04] {Threei} and I'd rather miss a short than be too early
[09:04] {BillyD} agree, thx.....
[09:04] {nemo} yeah, perfect spot for a bear trap
[09:05] {nemo} having said that, strider's bac short looking beter
[09:05] {Threei} sao, this is kind of day where I'd avoid having any expectations,
[09:05] {Threei} and instead simply go with setup by setup, minute by minute approach
[09:05] {Threei} take them as they come,
[09:05] {fernp} Good morning everybody
[09:05] {Threei} let them work or get stopped,
[09:05] {Threei} fern :)
[09:05] {BillyD} hi fern
[09:05] {Threei} regroup if a few in row don't work
[09:06] {strider} move stop to .66
[09:06] {larisa} gm
[09:06] {Threei} larisa :)
[09:06] {BillyD} hi larisa
[09:06] {nemo} lari
[09:06] {larisa} :)
[09:14] {strider} stop BAC -.05
[09:14] {nemo} yeah, that frickin .55 level
[09:15] {nemo} burger king is here
[09:16] {strider} erp
[09:16] {bkhmd} lol
[09:16] {bkhmd} GM all
[09:16] {Threei} bkh!
[09:16] {Threei} whare have you been man
[09:17] {bkhmd} california desert
[09:17] {Threei} ummm... why??
[09:17] {bkhmd} work
[09:17] {Threei} oh
[09:17] {bkhmd} 3 hotels in 3 nights damn im tired
[09:17] {bkhmd} paper trading today
[09:17] {Threei} OK... I was trying top envision why one would go there for pleasure :)
[09:18] {nemo} fine desert cuisine
[09:18] {bkhmd} I was reviewing my trading log and noticed i have never made money on fridays lol
[09:18] {bkhmd} is today friday?
[09:18] {strider} Friday is tough for me too.
[09:19] {bkhmd} but I was watching new last night and BAC seems like it could be in play today
[09:19] {strider} short WFC .09
[09:20] {strider} stop .20
[09:21] {ese} good morning
[09:21] {nemo} dude
[09:21] {ese} dude
[09:22] {bkhmd} dudes
[09:22] {bkhmd} lol
[09:22] {ese} bk
[09:22] {Threei} ese :)
[09:22] {ese} king dude
[09:22] {strider} ese, etc.
[09:22] {nemo} gnite John Boy
[09:22] {ese} st
[09:27] {ese} anything on your radar vad
[09:27] {Threei} kind of everything
[09:27] {Threei} still have to narrow it down
[09:27] {nemo} strider, me being the cautious fellow, I'm not sure I'd want to ride that short into the open
[09:27] {Threei} this kind of massive action prevents fiunding single best candidate
[09:28] {BillyD} WFC for possible short idea here off 27
[09:28] {strider} out WFC +.03....don't want to hold through open.
[09:28] {ese} agreed
[09:28] {Threei} good idea strider
[09:29] {Threei} opening action is likely to be furious
[09:29] {ese} ya st......good plan
[09:29] {Threei} better let the dust settle than get caught on a wrong side
[09:29] {Threei} or right side but too fast to benefit
[09:29] {strider} which means that data will likely lag.
[09:29] {dino} gm all
[09:30] {Threei} dino :)
[09:30] {BillyD} hey dino
[09:30] {ese} dino
[09:30] {strider} damn WFC
[09:30] {nemo} my system froze
[09:31] {Threei} need quotes?
[09:31] {Threei} fine here
[09:31] {nemo} no it's back
[09:31] {nemo} weird
[09:31] {nemo} sorry strider
[09:32] {ese} cagc dino
[09:32] {nemo} look to re short over 27?
[09:33] {nemo} mmmhh aapl pulled back
[09:33] {dino} chems strong latey ese
[09:33] {Threei} don't be in rush to sort, IMO
[09:33] {Threei} to short
[09:35] {magoo} morning
[09:35] {Threei} mags!
[09:35] {nemo} magus!
[09:35] {nemo} any luck mags?
[09:35] {Threei} Long Setup: BAC .75 break
[09:35] {strider} hi-capacity mags
[09:35] {Threei} if stays above .65
[09:36] {strider} in .74
[09:36] {Threei} wow RMBS
[09:38] {ese} &^%&%^ limit orders DO NOT repeat DO NOT work on fslr
[09:38] {dino} trgt hl l .40
[09:38] {ese} had one in for 132.40 and it missed it
[09:38] {Moose} suggested stop for BAC?
[09:39] {nemo} .65 moose
[09:39] {Threei} [09:35] {Threei} if stays above .65
[09:39] {Moose} thx
[09:39] {nemo} get the pine tree branches out of your ears
[09:39] {Threei} White House Econ Advisor Goolsbee: Looks like we are turning a corner on the economy
[09:39] {Moose} 3i... ic thx
[09:39] {nemo} GLD short?
[09:40] {Threei} always... lol
[09:41] {Threei} ok BAC, time for explosion
[09:41] {strider} out +.10
[09:41] {fernp} ty ty
[09:41] {Threei} good boy
[09:41] {Threei} 1:1
[09:42] {bkhmd} ty Mr Vad
[09:42] {Threei} Preivew: Oct Factory Orders due out at 10amET
[09:42] {Threei} **consensus expectation: 0.0%e v 0.9% prior
[09:42] {Threei} welcome
[09:42] {BillyD} out ty
[09:42] {Threei} Preview: Philadelphia Fed President Charles Plosser scheduled to speak on "Lessons from the Financial Crisis" at 10amET
[09:42] {Threei} - a prepared text and audience Q&A are expects
[09:42] {Threei} seriously?
[09:43] {Threei} we are at such distance from it already that they can derive lessons?
[09:43] {Threei} OK, who partials, game plan:
[09:43] {Threei} half out,
[09:43] {Threei} stop to under b/e
[09:43] {Threei} offer 1.4 more at .95
[09:43] {Threei} 1/4
[09:45] {dino} dji bouncing around
[09:45] {Threei} earlier:
[09:45] {Threei} ENTR JMP Securities Initiates ENTR with Market Outperform, price target: $6
[09:45] {ese} Lstx .96
[09:46] {nemo} amzn relatively weak...weird
[09:46] {Threei} SEED...
[09:46] {Threei} ugh
[09:46] {Threei} see if pulls back toward 11.80
[09:47] {nemo} what quote server you using vad?
[09:47] {Threei} 17
[09:47] {ese} out stx .06 +.10
[09:47] {magoo} quotes vwery clunky here..u too nemo?
[09:48] {nemo} yeah, my software has a hangover
[09:48] {BillyD} 13 is good here
[09:48] {Threei} smooth like baby's behind here
[09:48] {dino} out trgt .70, +.30
[09:48] {magoo} yea..i know..but doesnt help me...been suffering for months now
[09:48] {strider} SEED offer at 11.90
[09:49] {magoo} ther4e east coaste feed has definate issues
[09:49] {fernp} I've reloaded BAC at 15.75 again
[09:49] {Threei} scalp it fern
[09:49] {strider} oh well.
[09:49] {Threei} don't oversit it
[09:49] {magoo} i hit SEED .09
[09:50] {dino} ttwo
[09:51] {Threei} only lazy ones haven't downgraded TTWO today
[09:51] {Threei} great leadership
[09:52] {nemo} amzn just fell below yesterday's close
[09:53] {ese} nice one on trgt dino......thin...but nice
[09:53] {dino} feeling 6.50 area bottom
[09:53] {Threei} AIG
[09:53] {magoo} should be biouncer somewhere, unless neg news
[09:53] {Threei} watching for bounce
[09:53] {dino} thx
[09:53] {nemo} fcx below yesterday's close
[09:53] {dino} played it well yesterday too
[09:53] {Threei} Long Setup: AIG .60 break
[09:53] {Threei} stop under .50
[09:53] {magoo} in aig
[09:54] {Threei} you out SEED yet mags?
[09:54] {strider} in .60
[09:54] {magoo} no, but soon it seems
[09:55] {Threei} I would sell it on that spike over .20...
[09:55] {dino} ttwo sm l .15
[09:55] {magoo} waiting .43..just didnt make it
[09:55] {nemo} rebooting Laser
[09:55] {Threei} its best momo days are behind for now
[09:55] {magoo} ok
[09:56] {strider} factory orders report 3 min.
[09:56] {Threei} takes too long AIG...
[09:56] {Threei} I like bounces working fastr
[09:57] {Threei} let's cut it in half guys
[09:57] {Threei} numbers in 3 min
[09:57] {dino} ttwo stop is .89
[09:58] {Threei} Belarus Pres Lukashenko fires Minsters of Def, Econ, Tax
[09:58] {Threei} hey, this is great progress
[09:58] {Threei} they used to shoot them instead of firing
06[09:58] * Threei kicks AIG in the rear
[09:59] {nemo} maybe shooting was better
[09:59] {Threei} hmm
[09:59] {Moose} yikes
[09:59] {Threei} did I confuse the sides?
[09:59] {BillyD} wicked
[09:59] {Threei} was it frontz?
[09:59] {nemo} some firing squads over here wouldn't be a bad idea
[09:59] {strider} out -.23
[09:59] {Les} Nemo
[09:59] {nemo} yes Les
[10:00] {Les} sorry, forgot exclamation mark
[10:00] {Les} Nemo!
[10:00] {Moose} -.18
[10:00] {nemo} yes Les
[10:00] {Threei} US) OCT FACTORY ORDERS: 0.6% V 0.0%E
[10:01] {Les} market isn't celebrating
[10:01] {Moose} 3i... maybe he gets fired and shot
[10:02] {Threei} lol
[10:02] {nemo} you mean "shots fired"
[10:02] {dino} esi ouch, -10 in 5 days
[10:02] {Les} Chernobyl is in Belarus, isn't it?
[10:02] {Threei} no
[10:02] {Threei} Ukraine
[10:02] {Les} ok, so no detention there
[10:03] {strider} you still in AIG vad?
[10:03] {Threei} ??
[10:03] {Threei} why woudl I?
[10:03] {Threei} half out .64, half out .46
[10:03] {strider} didn't say anything..
[10:04] {bkhmd} stop was hit stride
[10:04] {Threei} I suggested to cut it in half near b/e
[10:04] {Threei} then stop was hit
[10:04] {Threei} what to say?
[10:04] {Threei} it's non-negotiable
[10:04] {strider} I understand....I was just asking.
[10:04] {strider} I'm out also.
[10:04] {Les} wfc consolidating? b/d .20 trigger?
[10:04] {strider} just looking for clarification.
[10:06] {magoo} hey, just heatrd, happy bday vad
[10:06] {Threei} thank you
[10:06] {bkhmd} VADDDDDDDDD
[10:06] {bkhmd} today is ur birthday?
[10:07] {Threei} yesterday
[10:07] {bkhmd} Happy Birthday Dude what did you get?
[10:07] {Threei} thank you
[10:07] {Les} damn. was going to wish for monumental breakdown today as birthday wish
[10:07] {Moose} he got drunk
[10:07] {Threei} lol
[10:07] {nemo} no...he's never sober, so he can't "get" drunk
[10:07] {Moose} started speaking Scotch
[10:08] {bkhmd} drunk? Vodka? on Birthday? he is russian every day is a birth day
[10:08] {bkhmd} lol
[10:08] {Les} BAC has resistance at .80. getting ready to drop?
[10:09] {Threei} Short Setup: WFC .10 break
[10:09] {Threei} if stays under .20
[10:11] {Threei} Long Setup: RIMM 60 break
[10:11] {Threei} if stays above .90
[10:11] {Threei} JAVA
[10:11] {Threei} Sun Microsystems, Inc. ORCL reportedly denying NYPost article that CEO Ellison was to avoid fighting the EU on its objections to the JAVA acquisition
[10:11] {Threei} *** CEO Ellisson seen as backing down from attempt to fight EU regarding Sun Microsystems - NY Post
[10:11] {Threei} - Article speculates that Oracle could create separate entity within family for database operations in order for deal to be approved by European Commission
[10:12] {dino} vsnt, dmnd
[10:12] {Threei} RIMM invalidated
[10:13] {magoo} lets follow it tho
[10:13] {strider} short WFC .11
[10:16] {magoo} out SEED .43
[10:16] {magoo} ty vad
[10:16] {Threei} nice
[10:17] {dino} gj
[10:17] {ese} L seed .40
[10:17] {dino} vsnt sm l .00
[10:17] {strider} out 1/2
[10:17] {fernp} ty Vad
[10:17] {Threei} WFC 1:1
[10:17] {dino} wideeeee
[10:17] {ese} ouyt .45
[10:17] {Les} I accidently did type 1 scalp on WFC
[10:17] {ese} seed that is
[10:17] {ese} +.05
[10:17] {Les} shorted, then shorted again to close the trade
[10:17] {bkhmd} ty vad
[10:18] {Threei} hmmm
[10:18] {Les} talk about heart leaping into throat
[10:18] {nemo} yep, done that Les
[10:18] {dino} lol les
[10:18] {dino} ditto
[10:18] {Threei} that's not really type 1 les... that's type 3
[10:18] {nemo} sell, buy sell, buy
[10:18] {strider} haha
[10:18] {dino} ttwo to b/e
[10:18] {Les} fortunately I place trades in advance, so error could be fixed in time
[10:19] {dino} once a week i forget an open one les
[10:19] {nemo} wait until you make a mistake and make money anyway
[10:20] {Les} dino, lack sufficient confidence that I only trade one security at a time
[10:20] {ese} L stld .00
[10:20] {nemo} Vad, rimm approaching 60 again
[10:20] {dino} as jesse would say, you book it
[10:20] {bkhmd} done for the day thanks VAD good weekend all
[10:20] {Threei} wtg bkh, take care
[10:20] {Threei} vene vidi vici eh
[10:20] {fernp} bye bk
[10:20] {dino} les, i usually start w/3 or 4 opens far away from price, then gradually cx them
[10:20] {Les} were you profitable today bk?
[10:20] {ese} stop .94
[10:21] {Threei} not sure about RIMM here, nemo
[10:21] {dino} ex. ttwo was original t 6.53
[10:21] {nemo} concentric triangle on fcx previous trend down
[10:21] {nemo} I have that level in as important from a coule of days ago, could be good short if can't break
[10:21] {Moose} out wfc +.11
[10:21] {dino} gj
[10:21] {magoo} seed has more in it it seems
[10:22] {Threei} anyone partials WFC?
[10:22] {Threei} if so, let me know for additional comments
[10:22] {Threei} if not I won't clutter the board
[10:22] {Moose} 1:1 here
[10:23] {dino} ttwo out .54, +.39
[10:24] {Les} fcx approaching previous low
[10:25] {nemo} went through it
[10:25] {strider} out in full wfc
[10:25] {strider} thx vad
[10:25] {nemo} aig .40 level short
[10:26] {Threei} (US) Reportedly House Democrats seeking a higher 'carried interest tax'
[10:26] {nemo} what is that?
[10:26] {Threei} they are going to run out of new names for new taxes
[10:27] {Threei} Bill seen considered in next week session
[10:27] {Threei} ***Reminder: On Nov 24 -Weakness in BX and FIG attributed to rumor govt could impose higher taxes on alternative asset managers
[10:27] {nemo} rimm broke 6o on volume
[10:28] {dino} tax and spend, spend and tax, sheesh
[10:28] {dino} cedc luv
[10:28] {Threei} I don't think I've ever seen anyone that happy to introduce new and new taxes
[10:29] {dino} oh, but it is for the public good , NOT!
[10:29] {Threei} and they wonder where the jobs go
[10:29] {Les} bid $ gain
[10:29] {Les} big
[10:30] {Les} gld
[10:30] {dino} esi sm l .24
[10:30] {dino} stop on esi .89
[10:30] {magoo} hows volume today vad?
[10:30] {dino} no, makle it .94
[10:30] {Threei} very good actually
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 290M shares, about 5% above its three-month average; advancers lead decliners by 12.4:1.
[10:31] {Threei} - NASDAQ volume 560M shares, about 2% above its three-month average; advancers lead decliners by 5.1:1.
[10:31] {Threei} - VIX index -6.5% to just under 21.00
[10:31] {dino} makele=make
[10:32] {nemo} look at the last 5 minutes on rimm, what a pita
[10:32] {ese} stopped stld .94 -.06 really thought that was setup that was going to work
[10:33] {Threei} ENER UPDATE: Janco Partners Cuts ENER to Sell from Market Perform, price target: $8.75
[10:33] {Threei} scary one
[10:33] {Threei} Long Setup: SEED .60 break
[10:33] {Threei} if stays above .50
[10:33] {Threei} again - scary one
[10:34] {Threei} not for faint hearts and not for slow fingers
[10:34] {dino} how about clod toes
[10:35] {Threei} invalidated anyway
[10:35] {fernp} BAC is working today. I've just scalped 16 break
[10:35] {fernp} three plays on it today :-)
[10:36] {magoo} nice
[10:37] {dino} esi out .75, +.51
[10:37] {strider} wtg dino.
[10:38] {dino} ty
[10:38] {Threei} wtg fern
[10:38] {fernp} ty
[10:40] {strider} ENER b/d?
[10:40] {dino} gj fern
[10:41] {Threei} way too slow strider
[10:41] {strider} k
[10:41] {ese} L gern .86
[10:41] {Threei} who knows, could pick up the pace once loses support
[10:41] {Threei} but there is no enthusiasm in it either way
[10:46] {dino} ugh esi way soon
[10:47] {strider} dino...STE
[10:47] {Threei} hard hit gold
[10:48] {Threei} told you GLD was always short
[10:48] {Threei} excpet when it wasn't
[10:48] {BillyD} watching AIG for breakdown of .32 with stop of .45
[10:48] {ese} gern you did that to me yesterday.......
[10:48] {BillyD} serial disappointer ese
[10:49] {Threei} I am not sure I understad what you are trying to squeeze out of it ese
[10:49] {Threei} GERN is typical news stock
[10:49] {Threei} sometimes it has news and moves on it, usually short lived
[10:49] {ese} 5 or 6 cents.......was just getting ready to sell it and it dumps on me
[10:49] {Threei} in the meantime it's dead
[10:49] {ese} exactly the same senario as yesterday
[10:50] {ese} yes
[10:50] {dino} gdx, gdxj gaps filled
[10:50] {dino} gld too
[10:50] {Threei} Billy, if AIG triggers on a short side should be good for more than scalp
[10:51] {Threei} I don't see much to hold it until 30
[10:51] {BillyD} I like all that room below
[10:51] {BillyD} even though chart was looking more like long setup on .45 break
[10:53] {strider} .40 trigger or .35, AIG?
[10:53] {Threei} .35, IMO
[10:54] {Threei} nearest support is .32 but it shouldn't matter
[10:54] {BillyD} agree w/ .35
[10:54] {fernp} Qs are in a 20 cents range from the open
[10:54] {Threei} often happens after big gap
[10:54] {nemo} scalpin the aylihts out of fcx
[10:56] {Threei} FCX bounce soon
[10:56] {Threei} getting overextended
[10:56] {nemo} 79.65 bounce
[10:57] {fernp} AIG play is .34 short w/stop above .45 , no?
[10:58] {Threei} yup
[10:58] {BillyD} yes, for me
[10:58] {Threei} or above .50
[10:58] {dino} dmnd getting interesting
[11:00] {Threei} 79.65 eh
[11:00] {Threei} it's here
[11:00] {nemo} see
[11:01] {Threei} nice
[11:01] {nemo} not as dumb as I look
[11:02] {Threei} OK... in a little
[11:02] {strider} is that a pivot?
[11:02] {nemo} I know...nobody can be THAT dumb.
[11:02] {Threei} want 80.50
[11:02] {Threei} stop under .60
[11:02] {nemo} if it loses .65 fade it
[11:03] {nemo} no, resistance point from a while ago
[11:03] {nemo} I look at charts and plot support and resistance according to volumes
[11:04] {Threei} AIG invalidated
[11:04] {Les} cat
[11:05] {nemo} take half vad
[11:06] {Threei} good boy FCX
[11:06] {Threei} no, not here
[11:06] {Threei} above 80
[11:06] {nemo} your at 13 ema
[11:06] {Threei} my risk is 10 cents
[11:06] {Threei} need to give it a chance
[11:06] {nemo} I want you to make money and me to be able to take credit
[11:06] {nemo} cool
[11:06] {Threei} half out
[11:07] {Threei} +.35
[11:07] {BillyD} gj guys
[11:08] {Threei} offering second half .35
[11:08] {strider} greedy bastid
[11:08] {Threei} that would be me
[11:08] {Threei} how often do you get such animal as FCX with 10 cents risk?
[11:09] {Threei} direct hit
[11:09] {Threei} +.65
[11:09] {BillyD} very nice
[11:09] {dino} hl l dmnd .45 ave
[11:09] {fernp} gj
[11:09] {dino} stop .13
[11:09] {dino} gj
06[11:09] * nemo slaps Threei around a bit with a large HUGE roll of cash!!!
[11:10] {nemo} hah...rimm tanked when FCX took off
[11:11] {dino} dmnd stop to lod
[11:14] {BillyD} FCX is Gold right?
[11:14] {BillyD} Does it follow the mkt
[11:14] {nemo} copper too
[11:14] {nemo} commodities are backing off because economy "looks" stronger
[11:14] {BillyD} ok, ty
[11:16] {larisa} nemo made call of the month. thing of beauty
[11:16] {Threei} sure did
06[11:16] * Threei is damn proud
[11:16] {nemo} well, ty Lari, but I got caught up in the morning mess. I had 83.65 as critical level for fcx, and forgot.
[11:17] {strider} oh'll have to enlarge the trading room to make room for his head.
[11:17] {Threei} my next project is teaching bears to dance on the gym ball
[11:17] {Les} why bears, why not Nemo?
[11:17] {nemo} I can do that already
[11:17] {Les} CAT returning to support
[11:17] {Threei} I need my next task to be a bit easier Les
[11:18] {nemo} fyvm vad
[11:18] {nemo} it's a variation on awiav, Les
[11:18] {Threei} you can always depend on me :)
[11:19] {dino} cagc drop
[11:19] {dino} you were right es
[11:19] {Threei} but if you don't mind me getting serious for just a few seconds
[11:19] {Les} Vad. CAT .70 short trigger w .90 stoip?
[11:19] {Threei} {serious On}
[11:20] {Les} or mimicking market too much?
[11:20] {Threei} if market haleps, yes
[11:20] {Threei} yes
[11:20] {strider} DRYS drop
[11:20] {Threei} it's unbelievably rewarding to see you guys making this kind of calls
[11:20] {Threei} {serious Off}
[11:21] {strider} AMZN possible dbl bottom
[11:22] {nemo} I have .25 as important support strider
[11:22] {nemo} .32 is pivot s1
[11:22] {magoo} IF mkt bounces its a good play
[11:23] {dino} kmgb
[11:24] {ese} right about what dino?
[11:24] {dino} cagc from this morning
[11:25] {Threei} lol... CNN actually said just now:
[11:25] {strider} long AMZN .48, stop. lod
[11:25] {Threei} Obama is on a rtour, and people arew wondering - when he comes whether he brings jobs with him
[11:25] {dino} no, just xmas presents
[11:25] {ese} that would have been an interesting play.....i don't have your nerve with stocks like that
[11:25] {nemo} oh...have seen parts of the HBO Rock&Roll Hall of Fame concert...EXCELLENT
[11:25] {dino} play small
[11:25] {ese} very thin for me even if i go sm
[11:26] {dino} kmgb interesting
[11:26] {dino} same industry
[11:26] {ese} will check that out
[11:26] {nemo} cat waling the bottom
[11:26] {nemo} walking
[11:27] {ese} well looky that......played out the same way too
[11:27] {Les} damn had to close CAT short. frigging taxi time for me again. daughter pick up.
[11:28] {nemo} get rid of her
[11:28] {nemo} just kidding
[11:29] {dino} why is mon holding, pot, cagc, kmgb, mos dropped
[11:29] {Threei} now Les' call works
[11:29] {strider} stop amzn
[11:29] {Threei} I can retire
[11:30] {dino} s hl .50 mon
[11:30] {ilana} out CAT +.20
[11:30] {ilana} ty Les
[11:30] {strider} wow...
[11:30] {dino} what happened to markets
[11:30] {strider} sure was on wrong side.
[11:31] {ese} i have a sneaking suspicion we are seeing the topping effect
[11:32] {nemo} what clued you in ese
[11:32] {ese} 3 or 4 days up 100 or so pts only to finish in the red
[11:32] {dino} or gap filling
[11:33] {ese} that too
[11:35] {Threei} Short Setup: FCX .95 half lot
[11:35] {Threei} if stays under 80.10
[11:36] {dino} cov mon .25, +.25
[11:37] {Threei} 1:1
[11:38] {dino} too soon mon
[11:38] {Threei} CAT, what a setup that was
[11:38] {nemo} yeah, I took it
[11:38] {strider} out ..good call vad
[11:38] {Threei} out GCX
[11:38] {Threei} FCX
[11:38] {Threei} +.354
[11:38] {Threei} .35
[11:38] {strider} +.30 here
[11:39] {Threei} I just spent some time typing coment on AT, and FCX dropped 5 more cents meanwhile
[11:39] {Threei} on CAT
[11:39] {Threei} btw, in puprose of setup identificastion
[11:40] {Threei} this short was inverted C&H, entered aggressively
[11:40] {Threei} near handle's "bottom"
[11:42] {nemo} so fcx uner .50
[11:42] {Threei} lol
[11:42] {Threei} I thought of comment at the time of shorting:
[11:42] {Threei} should be good for a dollar
[11:42] {nemo} took 60
[11:42] {Threei} and even typed it
[11:42] {nemo} took +.60
[11:42] {Threei} then thought, you know what... this is insane, it's too volatile
[11:43] {nemo} yeah, but matches my mental state
[11:43] {Threei} trading is much much easier today
[11:43] {dino} gj nemooooooo
[11:43] {Threei} trend
[11:43] {Threei} unlike that jerky action in a narrow range
[11:45] {nemo} market is red
[11:46] {BillyD} do we dare hunt for bounce
[11:47] {Threei} sure
[11:47] {Threei} watching CAT for a double bottom
[11:48] {BillyD} my QQQQ chart only stops at times
[11:50] {dino} rino range wow
[11:51] {Threei} CAT, want it around .30
[11:52] {strider} My 9th week in the room.......and my first ever-so-slightly green week.
[11:52] {nemo} look at $
[11:52] {ilana} looks like it listes to you like pussy cat, Vad
[11:52] {dino} gj strider
[11:52] {Les} OH NO what a monster short!! crap crap and doubly crap
[11:53] {Threei} OK Les, now tell us how you really feel
[11:53] {Threei} not fully Ilana
[11:53] {Threei} never got quite that low...
[11:54] {strider} thx dino..
[11:54] {ilana} wild one...
[11:54] {dino} waiting for kmgb sm l .75
[11:54] {Threei} guess who is on what
[11:55] {nemo} Kate Beckinsale
[11:55] {Threei} lemme look her up
[11:55] {ilana} on the radio
[11:55] {Threei} wow... you wish nemo
[11:55] {dino} sarah michelle geller
[11:55] {nemo} Fergie
[11:55] {Threei} and from what I see, radio is nopt really her gig ilana
[11:55] {strider} the large O
[11:56] {dino} vad, you'd like geller, she's the vampire slayer and you are an implaler
[11:56] {Threei} favorite show of my kids dino
[11:56] {nemo} the original movie was funny
[11:56] {dino} funny, that wart on obamas nose seems to be growing
[11:56] {Threei} so yes, I know it well, after watching each episode for 3-5 times
[11:56] {dino} lies perhaps?
[11:59] {KSystems} Hello
[11:59] {nemo} mmmhh C&H on FCX, but do I trust it...
[11:59] {Threei} hey KS!
[11:59] {KSystems} :)
[12:00] {nemo} hey, dino...mon dropped right after you mentioned it
[12:00] {Threei} I am yet to understand the use of speecges "we need to grow jobs"
[12:00] {dino} i shorted it, see above
[12:00] {nemo} missed it...damn
[12:01] {dino} np
[12:01] {nemo} not for you!
[12:01] {fernp} WFC not bouncing with FAS
[12:01] {nemo} lunchtime fern
[12:02] {Threei} good eye fern
[12:03] {Threei} nemo, pont is:
[12:03] {Threei} a lot of thers followed the market
[12:03] {Threei} this one didn't
[12:03] {nemo} yes
[12:03] {dino} ok back to highs?
[12:04] {Threei} I really doubt it dino
[12:04] {fernp} I understand nemo, Vad. ty
[12:04] {dino} me too, neg. close fools the most
[12:05] {dino} remember yesterdays' discussion? they are cheering 10% unemployment as good
[12:06] {Threei} yup
[12:06] {Threei} with obligatory "a lot yet to be done"
[12:06] {Threei} duh
[12:07] {magoo} quite a bounce going on
[12:07] {dino} it feels like dec. propped up, but a cold down winter in jan. feb., imo
[12:09] {dino} pru
[12:09] {dino} hl l .00
[12:11] {strider} gotta go, thanks for a good week...see you on either Monday or Tuesday.
[12:11] {magoo} big move up FXC
[12:11] {magoo} FCX
[12:11] {Threei} take care stroder
[12:11] {Threei} many more to come
[12:11] {fernp} bye strider
[12:11] {dino} cya strider
[12:11] {Threei} ask nemo
[12:11] {strider} indeed, vad.
[12:11] {magoo} bye stripper
[12:12] {strider} you don't want me to do that, mags.
[12:12] {Threei} lol
[12:12] {strider} At least I hope you don't/:)
[12:12] {magoo} prob not :)
[12:12] {dino} lol
[12:12] {Les} ciao striger
[12:13] {Les} strider
[12:13] {strider} bu-bye
[12:13] {Les} so what your thoughts on afternoon vad, following morning action
[12:14] {magoo} vqad, any read FCX?
[12:14] {Threei} no thoughts les, waiting for clarity to return
[12:14] {Threei} mags, rather short than long but no setup
[12:16] {dino} pru stop is .69 fwiw
[12:21] {Les} here's a chart that puts "good employment news" into perspective
[12:22] {Threei} 79% Now Favor Auditing the Fed
[12:23] {Moose} Les, every time I see your nick I am reminded of the old Tombstone saying...
[12:23] {Les} WFC
[12:23] {Moose} "Here lies Lester Moore... four shots from a .44.... No les, no more!
[12:23] {BillyD} lol
[12:24] {Les} where does this expression come from?
[12:24] {Moose} Tombstone out west
[12:24] {Threei} lol
[12:24] {BillyD} Arizona Les
[12:24] {Moose} western USA
[12:24] {Moose} yes .. Arizona
[12:25] {Moose} :)
[12:26] {Les} sorry its local expression or from film?
[12:26] {Les} don't wish to kill joke, I've heard this expression before. trying to nail down origin
[12:27] {Moose} its on a famous tombstone ... cowboy era
[12:27] {Les} really?
[12:27] {Moose} from what i understand
[12:27] {Les} I'd like original tombstone like that
[12:27] {Moose} lol
[12:27] {Moose} wouldn't want the .44 part
[12:28] {dino} kss hl l .75
[12:28] {Threei} Les trying to kill a joke about how les was killed - that would be an ultimate riony
[12:29] {dino} and moose, i think of les every time i'm in walmart, 20 items or less
[12:29] {nemo} that's as funny as an accounting class, dino
[12:29] {Les} see I'm gonna have to change my handle
[12:29] {Threei} and magoo thinks of moose every time he looks at his gun
[12:30] {Moose} lol
[12:30] {Moose} :O
[12:30] {dino} or moosehead beer
[12:31] {magoo} both, carry a beer and from pennsytuckey remember
[12:31] {Threei} let the rationalization begin:
[12:31] {Threei} Sell off in equity futures being partly attributed to selling pressure in futures created by share buying for the BAC related index rebalancing (related SPY DIA QQQQ BAC )
[12:31] {dino} yadda yadda yadda
[12:32] {Threei} (US) President Obama: Latest job report is good news, demonstrating a good trend, but US has a long way to go
[12:32] {Threei} - Speech on the economy on 12/8 will include greater detail on ideas to help jumpstart private sector job growth
[12:32] {Threei} - Committed to lowering the Federal deficit once the current emergency has passed
[12:32] {nemo} gotta' head out for back lter
[12:33] {Threei} GOOG Reportedly plans to stream video financial news on Google Finance site (581.91, -3.83, -0.65%)
[12:33] {Threei} CNBC: what a horrible horrible idea
[12:34] {Les} yeh, where is google gonna gets it material
[12:34] {Les} regular news services have said no to freebies on google all day
[12:35] {BillyD} Vad, any thoughts on FCX crossing 81
[12:36] {Threei} looks attractive
[12:38] {Threei} small shares
[12:38] {Threei} stop under .85
[12:38] {BillyD} ok
[12:38] {fernp} 81 break?
[12:39] {Threei} yes
[12:41] {Threei} won't be a scalp for me if trigers
[12:43] {Les} what is small shares for you Vad?
[12:43] {magoo} what about a pullbk level for entry vad?
[12:43] {Threei} there is a big offer at 81, mags...
[12:44] {Threei} break of it is what I want to sewe for this play
[12:44] {magoo} ok
[12:44] {Threei} Les... I am no Tiger Woods but I value my privacy nonetheless...
[12:44] {BillyD} rofl
[12:45] {Les} that small?
[12:45] {Les} :P
[12:45] {Threei} someone's walking very thin line
[12:45] {Les} sorry
[12:45] {Moose} two shots from a .22
[12:45] {BillyD} les no more
[12:46] {Les} lol
[12:46] {Moose} i assume setup is still valid
[12:46] {Moose} and invalid now
[12:46] {larisa} Tiger Woods Family Christmas Portrait
[12:46] {Threei} lost support...
[12:46] {larisa}
[12:47] {Les} rofl
[12:47] {dino} out pru .25, +.25
[12:47] {fernp} lol
[12:47] {Moose} nice
[12:47] {Threei} I think it's enough that majority of my trades are public... not many traders can say that, very few would tolerate that
[12:47] {BillyD} very funny
[12:47] {Threei} at least let me keep the monetary part to myself
[12:47] {Les} FCX becoming a shrot?
[12:48] {Les} rather large stop
[12:48] {dino} ty
[12:49] {Les} ok, so tell me Vad what is small shares for beginner like myself
[12:49] {ese} well we almost have yer basic double bottom with fitb here......and yer got yer choices of goin long errrrr goin long
[12:49] {Threei} I'd ratherhunt for FCX reestablishing long
[12:49] {dino} les my sm is 300-400
[12:49] {Les} ok so round of 500
[12:49] {Threei} that's easy Les
[12:49] {Threei} decsribed very detailed in MPP
[12:49] {dino} hl=500, fl=1k, size = 2k+
[12:50] {Threei} define your noirmal size using the procedure decribed in it
[12:50] {Threei} coming froma ccount size and max loss assigned to each trade
[12:50] {Threei} then consider half lot as, umm, 1/2 of that
[12:50] {Threei} and small shares as 1/4 - 1/3
[12:50] {Les} ok. paper account is huge but not realistic for future real trading
[12:51] {Threei} that I don't understand at all
[12:51] {Threei} what is te point in paper trading something drastically different from real one?
[12:51] {Threei} read the rules of papertrading
[12:51] {dino} untrusting, kss out .05, +.30
[12:52] {Threei} plus there is a paper trading article on a blog
[12:53] {Les} cause I can't relate to the small steady gains you describe in your book
[12:53] {Les} I should but I cant
[12:53] {Threei} I don't understand
[12:53] {Threei} explain pls
[12:54] {Les} paper account is 1 million. have been trading capital proportionally to this account size
[12:54] {Les} is not realistic for future trading however
[12:55] {Les} am reconfiguring default trade sizes now
[12:55] {Les} thinking like an amateur...
[12:56] {Threei}
[12:58] {ese} L fitb .32
[12:59] {Threei} I thought I moved that article to my blog
[12:59] {Threei} apparently not
[12:59] {Threei} will do
[13:04] {dino} imo les, start w/$50k trading account, base it on that
[13:04] {Threei} nice one ese
[13:06] {ese} tks
[13:07] {magoo} stalking ese, er um, i mean FCX
[13:08] {BillyD} BAC strong
[13:16] {dino} who tripped on the cord
[13:18] {dino} bbox
[13:20] {ese} consider exiting here
[13:20] {ese} yup out .40
[13:20] {ese} +.08
[13:23] {BillyD} MWW nice chart
[13:25] {BillyD} if FCX can tighten and break 80 for short
[13:28] {ese} catch you all monday take good trade helps make the day
[13:28] {fernp} bye ese
[13:28] {dino} wsj; venezuela on verge of banking crisis
[13:28] {dino} cya es, gj
[13:28] {Threei} take care ese, have a good one
[13:29] {Threei} really?
[13:29] {fernp} I hate venezuela
[13:29] {Threei} how about all the oil riches
[13:29] {Threei} confiscated companies
[13:30] {dino} cronies of hugo, set up banks, dubious projects, bank runs starting
[13:30] {dino} and fern, i hate chavez
[13:32] {fernp} well, that's more exact. I also hate chavez.
[13:32] {larisa} I stick to hating stocks :)
[13:33] {Threei} why limit yourself to hating equities if you can hate countires and whole continets
[13:34] {Threei} I for one hate ocean bottoms
[13:34] {magoo} lord vader...any interest FCX?
[13:34] {larisa} i do not have that much hate in me, need to spend it wisely
[13:34] {Threei} mariann Trench, just can't stand it
[13:34] {fernp} I am human, Vad
[13:34] {Threei} no mags
[13:34] {magoo} i hate u
[13:34] {magoo} lol
[13:34] {Threei} lol
[13:34] {fernp} or am i a plant with two eyes... I dont remember
[13:34] {Threei} rofl
[13:35] {Threei} you are a plant// nemo is fish
[13:35] {Threei} moose is mammal
[13:35] {Threei} dawg is wolf
[13:35] {Threei} oh he is not here
[13:36] {fernp} this room is unique!!!
[13:36] {Threei} no kidding
[13:36] {Threei} who else has dino
[13:36] {Threei} very much not extinct
[13:36] {fernp} don't forget Raven
[13:36] {Threei} oh yes
[13:36] {Threei} Big Bird
[13:37] {Moose} lol
[13:38] {Les} apparently I'm dead
[13:38] {Threei} for a few centuries, no less
[13:38] {Threei} or no more
[13:39] {Moose} Есть ли какие-лось в России?
[13:39] {Threei} lol... yes
[13:39] {Moose} :)
[13:41] {Les} damn babelfish sucks for translating
[13:43] {Les} dollar going nuts.
[13:43] {Threei} interestingly enough it doesn't kill market much
[13:46] {Les} wondering if that can change on a moments notice
[13:48] {Les} thanks for paper trade article
[13:48] {Les} trading size my only fault now
[13:48] {Threei} sure
[13:48] {Les} at least I'm not lying to myself about fills
[13:48] {Threei} make sure you reread the part in MPP devoted to how papertrade in right way
[13:48] {Les} k
[13:48] {Threei} so it's real learning tool and not just self-indulgence
[13:52] {Les} but what circumstances would I use market order?
[13:52] {Les} when there is meltdown?
[13:52] {Threei} I use it only in thick stocks
[13:52] {Threei} where there is no serious slippage risk
[13:53] {dino} hardly ever used
[13:56] {Threei} .short fcx .15 if stays under .30
[13:56] {Threei} Short Setup: FCX .15 if stays under .30
[14:00] {Les} jumpy
[14:02] {Moose} cyas later... gotta go
[14:02] {Threei} take care moose, see you monday
[14:02] {Moose} ~
[14:02] {fernp} bye moo
[14:02] {dino} cya moose
[14:04] {Les} bon weekend moose
[14:07] {patience} .
[14:09] {Les} fcx .00 short trigger with fairly tight stop, say .10?
[14:10] {Threei} hmm?
[14:10] {dino} out dmnd .74, +.29 took hours
[14:11] {Les} market and fcx getting close to b/d, or double bottom?
[14:11] {Threei} I've no idea
[14:11] {Threei} you are seeking predictions
[14:11] {Les} no
[14:11] {Threei} I am not in that business
[14:11] {Les} I want to take fcx if market helps
[14:12] {Threei} so look for setup
[14:12] {Threei} why guess?
[14:12] {Les} nice to know you cannot predict either/or
[14:12] {magoo} RMBS
[14:12] {magoo} held well and pop
[14:15] {BillyD} AIG, another one if breaks .60
[14:16] {BillyD} or maybe aggressive .70
[14:17] {BillyD} 29.57 yesterday's low
[14:18] {dino} 2:20 approaching, has been contra indicator lately
[14:22] {Threei} Short Setup: FCX 79 break
[14:22] {Threei} if stays under .15
[14:26] {magoo} bounce time imo
[14:26] {Threei} looks ,ike
[14:26] {nemo} Haroo...back from a liquid lunch
[14:26] {magoo} rmbs moves
[14:27] {Les} you drank smoothies Nemo?
[14:27] {nemo} Long Island Ice Tea's
[14:27] {BillyD} strong stuff
[14:27] {nemo} Yeah, I'd forgotten
[14:28] {dino} good stuff
[14:28] {dino} great on a hot day
[14:29] {nemo} great any day
[14:29] {dino} they have a tea flavored vodka that mises great w/lemonade
[14:29] {dino} mixes
[14:29] {nemo} freudian economic slip
[14:30] {dino} lol
[14:30] {Les} out .40 fcx +.10
[14:30] {nemo} got that, huh?
[14:30] {dino} kmgb
[14:30] {magoo} kgb?
[14:30] {dino} gj les
[14:30] {nemo} missed another nice short in fcx I see
[14:31] {dino} what size?
[14:31] {nemo} what size what?
[14:31] {magoo} i ht it long .10 cent
[14:31] {dino} make sure dimes make sense
[14:31] {Les} +.12. hmmm easier done with only 50 shares.
[14:31] {dino} les on the .10
[14:32] {Les} don't have nerve wracking hundreds in potential losses
[14:32] {dino} uh oh, 50 shares will cost you $ on .10
[14:32] {Les} most of the profit
[14:32] {Les} but I just want the strategy squared away
[14:33] {dino} w/respect, i am confused, how dfo you make money on 50 shares at +.10 to .12?
[14:33] {dino} unrealistic even paper trading
[14:33] {Les} not .10 - .12
[14:33] {Les} out +.12
[14:34] {dino} 6 bucks?
[14:34] {Threei} which is $5?
[14:34] {Les} dunno, have to work out with Vad's books what proportion of 25G that I'll eventually start trading with is acceptable risk
[14:34] {Les} but if I am more comfortable with setups on paper
[14:34] {magoo} i guess its better tan an hour working the drive thru window
[14:34] {Les} lol
[14:35] {dino} commissions will eat 50 shares alive unless you get monster moves
[14:35] {Threei} well, whatever you do - training wheels is training wheels but trading for 5 bucks perofit makes no sense
[14:35] {BillyD} good pt magoo
[14:35] {Les} I will probably take bigger risk with real £
[14:35] {Les} $
[14:35] {magoo} shares doesnbt matter, its levels
[14:35] {Les} levels?
[14:36] {nemo} Les...just decide how much you're willing to lose on a trade, and divide it by the stop, that'll tell you how many shares to trade
[14:36] {magoo} u take break of .50 must be stopped loss .35
[14:36] {magoo} u exit it .90 area
[14:36] {dino} if not sure, try paper trading 200 shares, its only paper. but imo you still need big move. my sm size trades (300-400) i don't even enter unless I see potential of .40 on them
[14:36] {magoo} can be 1 share or 10,000
[14:37] {magoo} im paper ttading
[14:37] {dino} nemo is correct imo. thats what i do. max loss =250, ave, loss 135, etc
[14:37] {magoo} only its us gov't issued paper
[14:37] {Les} sure. Will be a while before I trade for real. am beginning to differentiate between surer setups and riskier situations
[14:37] {dino} toilet paper
[14:37] {nemo} 2 ply or 4 ply mags?
[14:37] {magoo} 4
[14:37] {nemo} hehehehehehe
[14:37] {Les} that will permit me to modify risk in future
[14:38] {magoo} finger kept poking thru 2 ply yulk
[14:38] {BillyD} right Les, why take the FCX at .30 only for +.10 when risk was -}30 stop
[14:38] {nemo} best piece you ever had
[14:38] {dino} riskier=smaller size, need bigger move. vads' type=larger size smaller moves
[14:38] {Les} that is true
[14:39] {Les} actually too much wine now I think. thought I had .15 stop
[14:39] {nemo} at that support/resistance point in fcx
[14:40] {dino} bd is correct les, risk/reward min. 1:1; so your .30 stop must get you .30 in profit, unless market changes, then you change by tightening
[14:40] {Les} so acknowledging that I think I'll quit now. back to the books again this weekend. ciao everyone
[14:40] {Les} sure dino, don't know why I took .10 stop
[14:40] {BillyD} have a good one Les
[14:41] {dino} just trying to help, take care les
[14:41] {Les} yeh no problem
[14:41] {dino} :)
[14:41] {Les} time to stop listening to you guys, listen to bottle now
[14:41] {nemo} dino dcc
[14:41] {BillyD} lol
[14:43] {larisa} people removing dead branches from my trees. you blink - half of the tree is gone. Running in and out like crazy giving instructions. I think they hate me :)
[14:43] {BillyD} now you know how stocks feel :)
[14:43] {magoo} lol
[14:44] {larisa} lol
[14:44] {Threei} shoot them with sling while they are up there
[14:44] {larisa} they are as fast as traders.. vzhik vzhik.. nothing you can do but cry :)
[14:45] {Threei} ok forget sling... rifle
[14:45] {Threei} Long Setup: FCX .40 break
[14:45] {Threei} if stays above .30
[14:45] {magoo} innnnnnnnnn
[14:48] {Threei} no go
[14:48] {magoo} drat
[14:49] {dino} cagc spike
[14:49] {Threei} was good setup
[14:52] {BillyD} Vad, did you see .50 as not enough resistance to matter on FCXresistance
[14:53] {Threei} it pulled back from .80s under .40
[14:53] {Threei} stalled, market started upticking toward resistance
[14:53] {Threei} was perfect setup for bounce
[14:53] {BillyD} mkt turned on us
[14:53] {Threei} yes
[14:54] {Threei} just didn't work, that's all
[14:54] {Threei} there was nothing wrong with the play
[14:54] {BillyD} just clarifying
[14:56] {nemo} aig interesting
[14:56] {BillyD} long or short nemo
[14:56] {BillyD} I tend more to short
[14:56] {nemo} not sure yet. .70 obviously goes down and it breaks .70 will probably go through .60
[14:56] {dino} ahh the dark side
[14:57] {dino} mkt wants up gut says
[14:57] {patience} i'm with you dino
[14:57] {patience} so to speak
[14:57] {Threei} I gave up on distinguishing gut feel from acid reflux
[14:57] {dino} ;)
[14:58] {Threei} (US) Fed's Bullard: Inflation will not become a risk for another two to five years, risk from inflation depends on how quickly the Fed unwinds its balance sheet
[14:58] {Threei} ***Reminder: On 12/3, Bullard said the medium term (2 to 4 years) risk is for inflation due to the Fed's large balance sheet.
[14:58] {dino} rino hl l .45
[14:58] {Threei} US Treasury SEc Geithner: High chance unemployment will be under 10% within a year
[14:58] {Threei} doh
[14:59] {dino} jawboning
[14:59] {Threei} look at this
[14:59] {Threei} - Sees $175B worth of bank repayment of TARP by end of 2010
[14:59] {Threei} - notes specifically that Goldman would not have survived had it not been for Govt support; wrong in assumption they did not need assistance
[15:00] {nemo} interesting how flat markets are with $ up so much
[15:01] {Threei} I find this last comment by him laughable in the xtreme
[15:02] {nemo} yeah, they hold his leash
[15:02] {Threei} no
[15:02] {Threei} he tries to break it
[15:02] {dino} he should not have suvived. him and his regulators failed to regulate. the laws were already on the books
[15:02] {Threei} and start serving other owner
[15:02] {nemo} he's gonna' get bitch=slapped
[15:03] {Threei} this is attempt to continue demonizing wall street in order to distract from the washnington role in the debacle
[15:03] {Threei} and picture themselves as saviours
[15:04] {dino} it all started w/clinton and frank, ease requirments on mortgages
[15:04] {Threei} if any bank could survive at all it was GS
[15:04] {Threei} least exposure to subprime, least leverage of them all
[15:04] {dino} i agree 3i
[15:04] {Threei} mosr reserves
[15:04] {Threei} most powerful trading division
[15:04] {dino} and they were net short going in
[15:04] {Threei} right
[15:05] {nemo} but what might have broken them was the insolvency of the counterparties on the other side of the trade
[15:06] {dino} counter-party perhaps.
[15:06] {Threei} yes, and that's where washington comes in the picture:
[15:06] {nemo} yes
[15:06] {Threei} it was goverment's guarantees
[15:06] {dino} but realistically fnm, fre were the source of the problem
[15:06] {Threei} that made FE/FNM/AIG mechanics possible
[15:06] {dino} barney's "i control them"
[15:06] {Threei} exactly
[15:07] {Threei} so, when this triade started falling apart
[15:07] {dino} and they are at it again
[15:07] {Threei} government simply fulfilled its own obligations
[15:07] {magoo} FCX rude
[15:07] {Threei} that were at the root of the problem
[15:07] {Threei} so logical chain is this:
[15:07] {Threei} if goverment never gave those guarantees,
[15:08] {Threei} FRE/FNM/AIG would not gave theirs,
[15:08] {Threei} banks would not overleverage their bets
[15:08] {Threei} and there wouldn't be any crisis.
[15:08] {Threei} Crisis came - givt found itself called on its guarantees
[15:09] {Threei} so, all this "we saved you" is a one big fat lie
[15:09] {Threei} you killed them first,
[15:09] {dino} and the cycle starts again, imo
[15:09] {Threei} (well, to be fair their were willing participants)
[15:09] {nemo} it's not there yet, but cat might be setting up short
[15:10] {dino} they let too many buy houses w/no skin in the game, imo thats where it all started
[15:10] {Threei} sure
[15:10] {Threei} but that was an otcome
[15:10] {Threei} outcome
[15:10] {Threei} reason was banks' willingness to lend to those who had no skin
[15:10] {nemo} started as social engineering to allow poorer people buy houses, but everyone could qualify
[15:10] {Threei} in the game
[15:11] {Threei} and banks wrre willing because they had those guarantees and felt safe
[15:11] {dino} why not if banks can sell them off
[15:11] {dino} fees baby, fees
[15:11] {Threei} yup
[15:11] {Threei} now they say banks didn't manage their risk
[15:11] {nemo} funny...up here in our area there was a large Dominican presence. Many had been here since the early 90's. They took out the ninja mortgages, and retired back home, leaving the properties
[15:11] {Threei} sure - why would they if you yourelf told them you stand behind insurance
[15:13] {dino} in my area, either vacation homes or people that took home equity above mortgage
[15:19] {nemo} volumes really seem to be drying up
[15:20] {magoo} fcx over the 200
[15:21] {nemo} ohyeah
[15:24] {Threei}
[15:26] {Raven} picture compliments of the Raven !!
[15:27] {dino} lol
[15:27] {nemo} I'd settle for a trade call
[15:27] {Threei} sigh... Raven, it's hopeless
[15:27] {BillyD} that's cool
[15:27] {Raven} humorless group
[15:27] {nemo} Abandon hope all ye who come here...
[15:28] {Raven} Tombstone, Arizona 2004
[15:28] {dino} there be monsters beyond this point
[15:28] {nemo} and Leeuwenhoek's "wee beasties"
[15:34] {dino} rino to .48
[15:34] {dino} siro strong
[15:37] {Threei} trying to get a feel for the last leg into close
[15:37] {Threei} down IMO
[15:37] {Threei} not big but down
[15:38] {dino} 3:40 approaches
[15:38] {nemo} yeah the market feels like it just wants to get off the floor
[15:38] {dino} coin toss says down
[15:38] {nemo} probably...not much though
[15:40] {dino} out rino .50, +.05
[15:41] {dino} out vsnt .87, -.13
[15:42] {dino} done for the week, thx all
[15:42] {nemo} P&Q dino
[15:43] {larisa} bye dino
[15:43] {BillyD} cya dino
[15:43] {Threei} take care dino
[15:43] {dino} :)
[15:53] {BillyD} take care all, have a good wknd
[15:53] {Threei} you too Billy
[15:53] {nemo} cu
[15:59] {Threei} okay guys, thank you all
[16:00] {Threei} have a great relaxing weekend
[16:00] {Threei} see you all Monday
[16:00] {nemo} Great day...have a nice weekend
[16:00] {larisa} bye all
[16:01] {lasertrev} have a good weekend all

Labels: , , ,

Thursday, December 3, 2009

Dec 03 2009

Very nice day with quite a few calls, mostly on a short side. RIMM, AIG, WFC, most of them multiple shorts. Got the end of day selloff right too.

Session Time: Thu Dec 03 00:00:00 2009

[08:10] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:10] {Threei} - Expectations for initial claims are 480K v prior release of 466K (range seen from 450K to 500K)
[08:10] {Threei} - Continuing claims seen at 5.400M v prior 5.423M (range seen from 5.350M to 5.550M)
06[08:11] * nemo slaps Threei around a bit with a large trout
[08:11] {Threei} why... oh why
[08:11] {nemo} it's congruent with my image
[08:11] {Threei} ok, that's reasonnable
[08:11] {nemo} ty
[08:11] {Threei} btw, half out NANO
[08:11] {nemo} gfy
[08:12] {Threei} +.45
[08:12] {nemo} You'll be asking to go home early today
[08:12] {Threei} very much so
[08:13] {Threei} offering 13.62
[08:13] {Threei} where are you unknown buyer
[08:13] {Threei} wake up
[08:14] {Threei} put your pants on, see my offer and click that buy
[08:15] {nemo} ag stocks continuing ascent..then again, everything continues
[08:16] {Threei} interesting... WFC is red
[08:16] {nemo} other financials?
[08:16] {Threei} BAC green
[08:16] {nemo} xlf green
[08:16] {nemo} iyf very green
[08:16] {Threei} GS, JPM, MS
[08:17] {Threei} reginals seriously green
[08:17] {Threei} FITB
[08:17] {nemo} ese will be in ecstasy
[08:18] {Threei} WFC seems to be the only one
[08:22] {Threei} NANI is printing above yesterday's high
[08:22] {Threei} NANO too
[08:24] {strider} long BAC 16.15
[08:25] {Threei} 5 min till unemployment numbers strider
[08:26] {strider} thx
[08:28] {strider} out flat
[08:28] {strider} dbl bot. turned into something else.
[08:29] {nemo} triple bottom?
[08:30] {Threei} US) Initial Jobless Claims: 457K v 480Ke; Continuing Claims: 5.465M v 5.400M
[08:30] {Threei} *(US) Q3 FINAL NONFARM PRODUCTIVITY: 8.1% V 8.5%E; UNIT LABOR COSTS: -2.5% V -4.1%E
[08:40] {Threei} did I get too greedy on second half NANO?
[08:41] {nemo} depends on what these volume spikes end up indicating?
[08:47] {BillyD} GM all
[08:47] {Threei} Billy :)
[08:50] {nemo} amzn up another $2
[08:57] {Threei} so, why didn't we all just listen to ese, buy 50K of FITB and sit and wait
[08:57] {strider} yeah, I did that......thought everyone did.
[08:57] {strider} DRYS looks good this morning.
06[08:58] * Threei slaps strider around a bit with a large roll of cash
[08:58] {strider} Well, I see who has a large roll of cash to play recklessly with.
[08:58] {Threei} lol
[08:59] {Threei} well, at least my NANO overnight is a consolation
[09:01] {strider} Deutsche Bank is positive on DryShips' exposure to the drillship charter environment and thinks the company's cash flow potential is being undervalued at current levels. Shares were initiated with a Buy rating and $10 target...
[09:01] {nemo} so sell
[09:01] {Threei} EU) ECB's Trichet: "absolutely no signal" can be inferred on benchmark rate from decision to keep 12 month repo at 1%; notes Bernanke's comments on US with utmost interest
[09:01] {Threei} - Decision on rates was unaimous, decision to phase out measures taken by consensus
[09:01] {Threei} - Looked at all possibilites on repo operations
[09:03] {fernp} Good morning everybody
[09:03] {nemo} that's arguable fern :)
[09:03] {Threei} fern :)
[09:05] {fernp} nemo, the optimist man :)
[09:06] {nemo} hehehehe
[09:06] {nemo} rimm forming a nice range
[09:07] {Threei} SPNC Granted FDA 510(k) clearance VisiSheath
[09:08] {Threei} Spectranetics Corp Granted FDA 510(k) clearance VisiSheath
[09:08] {Threei} - The VisiSheath Dilator Sheath may be used alone as an independent sheath for dilating tissue surrounding cardiac leads, or as an enhanced outer support sheath in conjunction with compatible inner sheaths such as Spectranetics Laser Sheath (SLS II), a laser-based system for removing problematic pacing and defibrillator leads.
[09:08] {Threei} - The newly FDA-cleared VisiSheath Dilator Sheath device will complement the laser-based system as an outer support sheath. Additionally, it will offer a non-laser option to mechanically dilate scar tissue for physicians who do not use laser assistance to manage all of their patients with lead complications.
[09:08] {Threei} let's see ese doing the victory dance
[09:10] {ese} morning
[09:10] {Threei} ese :)
[09:10] {ese} whats happening for this victorya dance
[09:10] {Threei} FITB... DRYS...
[09:11] {Threei} things go up
[09:11] {Threei} your things
[09:11] {nemo} nothing like a momentary power outage
[09:12] {ese} ahhhhhh....well i'm in drys but not fitb
[09:12] {Threei} oh well... half dance?
[09:12] {Threei} I'll do other hakf with NANO
[09:12] {ese} exited kerx yesterday end of day at .06 +.07
[09:14] {Moose} gm all
[09:14] {dino} gm all
[09:14] {Threei} moose, dino :)
[09:14] {ese} moose dino
[09:15] {Threei} East cost storm is coming
[09:15] {Threei} with snow
[09:15] {Threei} coast
[09:15] {dino} not in pa
[09:27] {strider} following AONE today
[09:27] {fernp} ASML nice C&H on daily
[09:27] {Threei} why AONE?
[09:29] {strider} because of long green bar a few days ago, then pull back, then consolidation. Looking at 15 min .chart
[09:29] {strider} may amoaunt to nothing.
[09:30] {strider} amount
[09:31] {nemo} BAC
[09:32] {Threei} Fed tests reverse repo operation
[09:32] {nemo} cat
[09:34] {ese} l cmcsk .86
[09:35] {dino} rino hl l .00
[09:35] {Threei} BAC pace went hysterical
[09:36] {Threei} RIMM, remarkable weakness
[09:36] {nemo} cat strong
[09:36] {Threei} watching for possible short setup
[09:37] {Threei} WFC too
[09:37] {Threei} Short Setup: WFC .45 break
[09:37] {ese} out cmcsk .87 .-01
[09:37] {ese} bad feeling there
[09:37] {fernp} 45?
[09:38] {ese} opps +.01
[09:38] {nemo} weird, market so strong
[09:38] {Threei} day low fern
[09:38] {fernp} i see
[09:38] {Threei} invalidated though
[09:38] {Threei} may reestablish
[09:38] {patience} happy birthday Vaddy :)
[09:39] {Threei} thank you :)
[09:39] {nemo} awwww....congrats old man
[09:39] {dino} rino stop is break of lod
06[09:39] * nemo shouldn't throw stones
[09:39] {fernp} happy birthday, Vad
[09:39] {Threei} thanks guys
[09:39] {dino} happy b-day vad, many more
[09:39] {BillyD} same here Vad
[09:39] {Threei} RIMM got away
[09:39] {lasertrev} gm, happy B day Vad
[09:39] {Threei} ty
[09:40] {nemo} aone
[09:40] {lasertrev} well you live in the right place to get old
[09:40] {Threei} 59.20 break looked too dangerous, could have snapped back sharply in usual morning vilatility
[09:40] {Threei} lol... true
[09:41] {Threei} Preview: Nov ISM Non-Manufacturing Composite due out at 10amET
[09:41] {Threei} **consensus expectation: 51.5e v 50.6 prior (estimates range between 50 and 53)
[09:41] {fernp} GTI, Vad?
[09:42] {Threei} a bit thin but setup is valid
[09:42] {Raven} Happy B-day youngster :)
[09:42] {Threei} thank you, lol
[09:44] {nemo} aone available to short on laser
[09:45] {nemo} nlst
[09:45] {dino} wag hl l .00
[09:47] {Threei} too bad SEED is not available
[09:47] {nemo} yeah, just looking at that
[09:47] {Threei} you got 1:1 GTI fern
[09:47] {fernp} yes
[09:47] {Threei} I already prepared SEED short call on .60 break earlier
[09:47] {Threei} then tested it
[09:49] {strider} long HUN .10, buyout chatter
[09:49] {strider} takeover
[09:50] {fernp} STP interesting for breakout
[09:50] {Threei} Long Setup: CREE .15 half lot
[09:50] {Threei} if stays above 52
[09:51] {dino} rimm gap around 58, from monday
[09:51] {Threei} Short Setup: RIMM .80
[09:52] {ese} cree invalid
[09:52] {ese} pulled my buy
[09:52] {strider} stop rimm?
[09:52] {dino} rino stopped -.30
[09:53] {Threei} .95 or 59
[09:53] {strider} in, half lot
[09:54] {Threei} not a scalp if works
[09:54] {fernp} triggered?
[09:54] {Threei} not yet
[09:54] {Threei} but should
[09:54] {Threei} and has nice potential
[09:55] {strider} toudched .80
[09:55] {strider} that was trigger.
[09:55] {Threei} die RIMM
[09:57] {Threei} White House: Unemployment data tomorrow may tick upward
[09:57] {Threei} - Note: Oct Unemployment rate stood at 10.2%, with current estimates for Nov unemployment at 10.2%
[09:58] {strider} only took +.07 on HUN, back exit.
[09:59] {strider} bad
[09:59] {Threei} bidding half .61
[09:59] {fernp} .62 here
[10:00] {ese} L gern .04
[10:00] {strider} out +.15
[10:00] {dino} gj
[10:00] {strider} only meant to do 1/2....didn't change volume. :)
[10:01] {fernp} out TY
[10:01] {Threei} welcome
[10:01] {Threei} my turn
[10:01] {Threei} covered half
[10:01] {Threei} bidding 1/4 .45
[10:01] {BillyD} nice one Vad, ty
[10:01] {Threei} if I am too greedy, so be it
[10:01] {Threei} billy :)
[10:02] {dino} otex
[10:02] {fernp} DRYS db, Vad?
[10:03] {Threei} .45 break, yes
[10:03] {Threei} come on RIMM
[10:03] {Threei} you can do better
[10:04] {dino} s/p gap fill, dji too
[10:04] {Threei} make me proud of that blackberry
[10:04] {Threei} which grows all over thr place here
[10:05] {Threei} nice chart fern
[10:05] {Threei} let's make it official
[10:05] {Threei} Long Setup: DRYS .45 break if stays above .40
[10:05] {Threei} look how RIMM held trailing stop so far
[10:05] {Threei} 1 cent precision
[10:06] {Threei} amazes me when they do that
[10:07] {Threei} well, either double bottom or continuation for me
[10:07] {nemo} DE vad, weird
[10:08] {dino} rino last try hl l .50
[10:08] {Threei} .35 break DE...
[10:08] {Threei} probabkly worth a try
[10:09] {strider} stop bellow .30?
[10:09] {Threei} or .25
[10:09] {Threei} personal choice
[10:10] {Threei} okay RIMM
[10:10] {Threei} breakeven on second half
[10:10] {dino} out rino .80, +.30
[10:11] {Threei} dump DRYS
[10:11] {Threei} market tripped of something
[10:12] {Threei} lol RIMM
[10:12] {fernp} dumped
[10:12] {Threei} NOW you drop?
[10:12] {Threei} in one swoop, right into my second intended partial zone
[10:13] {Threei} sneaky bastard
[10:14] {strider} DRYS still valid?
[10:14] {Threei} I doubt it
[10:15] {dino} otex hl s .50
[10:15] {dino} .49
[10:15] {Threei} RIMM{ this is where I would be covering last part
[10:15] {Threei} for a sweet 50 cents
[10:16] {dino} going for that gap imo
[10:16] {strider} persistent buyer at.30, DE
[10:16] {dino} otex bstop is .81 fwiw
[10:20] {nemo} this is wild in DE
[10:21] {strider} I think ese's accumulating.
[10:22] {Threei} (US) Fed's Bernake: Exit strategy will support jobs and price stability, must be ready to withdraw stimulus in a timely manner
[10:22] {Threei} - Must take care that Fed remains independent and effective. Fed is committed to accountability and transparency.
[10:22] {Threei} - The exemption of monetary policy from audits was created to avoid political pressure.
[10:22] {Threei} - Believes joblessness may stay high even while growth improves.
[10:22] {Threei} - Most indicators suggest that financial markets are improving.
[10:22] {Threei} - Fed was greatly aided by regional structure in dealing with crisis.
[10:23] {dino} cov otex .22, +.27
[10:23] {fernp} I am not in DE, still good moment to enter, Vad?
[10:23] {ese} ese is
[10:24] {Threei} too narrow for my taste fern
[10:24] {fernp} ty
[10:25] {dino} kss
[10:25] {Threei} Short Setup: RIMM .50 break
[10:25] {Threei} oops
[10:25] {Threei} too fast
[10:25] {dino} hl l .90
[10:25] {dino} kss
[10:25] {ese} who ever this ese guys is st....i know he added some more drys yesterday at .25 shhhhhhhhhhhhh
[10:26] {dino} stop is .59
[10:26] {fernp} stop .61?
[10:26] {Threei} if sets up again, yes
[10:26] {nemo} frickin' de water torture
[10:30] {Threei} US) White House Press Sec Gibbs: Under many options being discussed, looking at using TARP funds for a jobs bill
[10:30] {Threei} what, they intend to start new companies with those funds?
[10:31] {ese} gern is either gonna give it a go here or bite the big one
[10:31] {Threei} idiots... goverment cannot create additional jobs by definition
[10:31] {Threei} how hard is it to understand?
[10:32] {strider} stop on RIMM vad?
[10:32] {Threei} above .60
[10:33] {Threei} wow... amazing sunrise out of my window
[10:33] {dino} tax cuts create jobs, idiots
[10:33] {dino} must be your b-day
[10:34] {Threei} how did you guess
[10:34] {nemo} DE should be getting stops run soon
[10:35] {Threei} Fed's Bernanke: Removing Fed from bank supervisory role would be a mistake due to its 'unique' expertise - Q
[10:35] {nemo} yeah, sophisticated raping and pillaging
[10:35] {Threei} no doubt... unique expertise in debasing the currency, conducing inflation and transferring wealth from individuals
[10:36] {Threei} almost 100 years in training
[10:36] {Threei} 1:1 RIMM
[10:36] {fernp} ty
[10:36] {nemo} wow the phantom buyer at .30 on DE again
[10:37] {Threei} {Phantom Buyer} yes, that's me... finished with opera, decided to try myself at this trading thingy...
[10:37] {Threei} RMBS Hearing strength being attributed to rumor ECB could make an announcement today on royalty rates for DRAM controllers (19.61, +1.02, 5.49%)
[10:37] {BillyD} ty RIMM again
[10:37] {Threei} welcome
[10:37] {BillyD} now die GERN
[10:37] {strider} out RIMM, thx
[10:38] {Threei} {fern} I used to hate RIMM
[10:38] {fernp} out RIMM flat, I was stopped one time and 1:1 in this occasion :-)
[10:38] {strider} stopped DE,,,, good riddance.
[10:38] {fernp} i still hate it
[10:38] {Threei} lol
[10:40] {strider} WFC dying
[10:40] {strider} good...maybe they won't want my mortgage payment this month.
[10:40] {fernp} i was watching PFG for a breaout, and suddenly it started to drop, drop and drop... and still is dropping. I don't see any news
[10:41] {strider} : Lincoln National, Prudential tick lower following Principal Financial's outlook
[10:42] {fernp} i am happy not to have entered...
[10:42] {dino} pfg guidance for 2010
[10:42] {fernp} ty guys
[10:43] {Threei} strider, re: mortgage payment... one of famous russian sayings in loose translation:
[10:43] {Threei} Blessed be the believer
[10:43] {strider} long WFC .43, stop lod
[10:43] {nemo} mon collapsed
[10:44] {dino} 80.80 gap on it
[10:44] {Threei} better yet:
[10:44] {Threei} Blessed be a Believer for it is warm for him on Earth
[10:45] {nemo} and in hell
[10:45] {strider} out WFC +.10
[10:45] {dino} apol hl l .11
[10:45] {Threei} ok, now that strider is out, let's look for short entry
[10:45] {dino} stop .83
[10:46] {strider} thank you.
[10:46] {Threei} :)
[10:46] {strider} I purshate that
[10:46] {Threei} on serious note, if it comes to .60 I would start looking
[10:46] {ese} billy ...your short Gern? I'm long...... looks like we got some GERN warfare going on yuk yuk yuk
[10:46] {BillyD} yes short
[10:47] {BillyD} my stop is 6
[10:47] {BillyD} trying for fills at .01, no go
[10:47] {ese} l .04
[10:48] {strider} gern warfare...omg
[10:48] {BillyD} GERn becomes hateable again
[10:48] {Threei} USD/CAD CAD weakness partially attributed to chatter of a bearish think-tank report
[10:48] {Threei} god bless that think tank
[10:48] {dino} nke hl l .99, stop lod
[10:48] {Threei} BAC Fed's Bernanke comments that its a "good thing" that BoA is paying back the TARP; notes most of the problems during the financial crisis were outside of the bank holding companie
[10:49] {fernp} WFC
[10:49] {nemo} 1/2 out de
[10:49] {Threei} ok, next resistance is .70,
[10:49] {ese} i thought it was witty S
[10:49] {ese} ST
[10:49] {nemo} out other half +.15
[10:49] {Threei} so what we want for short is
[10:49] {BillyD} out gern, gl ese
[10:49] {Threei} couple moves between .60 and .70,
[10:49] {ese} tks
[10:49] {Threei} not going over .70 and losing .60 for a trigger
[10:50] {Threei} CNBC reports White House's Gibbs says it is incorrect to state that it expects unemployment to rise tomorrow
[10:50] {Threei} - CNBC reports the White House has not seen the numbers in advance
[10:50] {fernp} valid now?
[10:51] {dino} like a bunch of school kids, he said she said
[10:51] {Threei} hard to tell fern...
[10:51] {Threei} I'd prefer a bit more pronounced staying above .60 prior to break
[10:51] {Threei} this is unclear
[10:51] {fernp} let's wait a bit more
[10:55] {dino} out ksszoll drop
[10:55] {Threei} wow... DE worked finally for you guys
[10:55] {nemo} yeah
[10:55] {dino} kss was at .10, +.20
[10:55] {Threei} wtg
[10:55] {strider} grumble..grumble..
[10:55] {nemo} got .15, but the water drops drilled a divot in my forehead
[10:55] {dino} zoll
[10:55] {nemo} bow to zoll
[10:55] {dino} thinny
[10:55] {Moose} lol
[10:55] {Threei} oh boy... nemo...
[10:56] {nemo} what
[10:56] {nemo} ?
[10:56] {Threei} takes all my strength to keep all the jokes that provoked
[10:56] {nemo} which line?
[10:56] {strider} CXM
[10:56] {Threei} water drops and forehead
[10:56] {nemo} oh go ahead
[10:56] {Threei} nah, too easy
[10:57] {nemo} c'mon
[10:57] {nemo} rimm C&H maybe, looking for volume confirmation above .90
[10:58] {BillyD} SOMX for short oof .60
[10:59] {strider} WFC now c&h
[10:59] {Threei} yes, don't see it as a short anymore
[10:59] {ese} L gern .99 avg .01
[11:01] {dino} gme hl l .74
[11:03] {dino} stop is .47
[11:04] {nemo} w low of .66 how do you get .47 dino?
[11:05] {fernp} DRYS wouldn't have worked. That's is a good call too, Vad :-)
[11:05] {dino} my usual of .25-.35
[11:05] {Threei} yeah, sometimes they just don't give out right vibe
[11:06] {Threei} generally I hate to intrude into natural process and use discretion in what should be decided by market
[11:06] {dino} plus nemo, hl, so stop is automatically wider. fl would be lod
[11:06] {Threei} this was one of rare exceptions
[11:06] {nemo} ty dino
[11:06] {fernp} yeah, this time worked fine :)
[11:06] {dino} np buddy
[11:08] {ese} gern you dare you fill someones 100k order over making me a small profit....what kinda business is this anyway
[11:08] {dino} trickery
[11:08] {ese} still L .01
[11:08] {nemo} damn speculators
[11:09] {ese} ya ehhhh!
[11:10] {dino} fslr moving
[11:10] {Threei} BAC To reportedly sell common equivalent shares later today due to strong interest
[11:10] {Threei} hmmm
[11:10] {Threei} short at will?
[11:10] {ese} that thing trades with huge spreads dino......crazy
[11:10] {nemo} common is that?
[11:10] {Threei} Fed's Bernanke: Fed will not monetize the debt; US cannot continue to run high deficits; will maintain strong commitment to price stability; thinking a lot about exit strategy
[11:10] {Threei} - says US deficit needs to be in 2-3% of GDP range over time
[11:10] {Threei} - notes that the Fed may not be able to halt the increse in real interest rates if the deficits remain high; debt to GDP ratio cannot move higher indefinitely and must come down
[11:10] {Threei} - claims that some deficits are not permanent, but others may become so if entitlement spending is not addressed
[11:10] {nemo} yeah, ese, dino's kinda' stock
[11:11] {ese} i like the wft.......very appropriate here
[11:12] {fernp} ME 38 break, Vad?
[11:12] {nemo} what stock fern?
[11:12] {dino} what stock?
[11:12] {fernp} MEE
[11:13] {nemo} oooohhhhhhhhh
[11:13] {fernp} sorry
[11:13] {Threei} yeah
[11:13] {nemo} de nada
[11:13] {Threei} a bit thin
[11:13] {dino} pfg getting interesting
[11:14] {fernp} stop below .89, no?
[11:15] {Threei} yes
[11:15] {fernp} out
[11:15] {dino} mee court case or something
[11:17] {Threei} US House Speaker Pelosi: Unused TARP capital will be used to pay for job package
[11:17] {Threei} - Note: This option was hinted to earlier as among the options for TARP monies
[11:17] {Threei} what job package...
[11:17] {Moose} geeze
[11:17] {Moose} :/
[11:18] {dino} the ones at gm, lol
[11:19] {Threei} this gang won't quit until they destroy everything there is to destroy
[11:19] {ese} dino or you think rimm is gonna cover that gap down to 49
[11:19] {BillyD} needs to break 55 first imo ese
[11:20] {ese} for sure
[11:20] {BillyD} then I could tell for
[11:20] {BillyD} I wish
[11:20] {ese} lol yup
[11:21] {dino} yes, by march
[11:21] {ese} hmmmmm ok i'll bite.......why then
[11:21] {fernp} WFC interesting if losses .40
[11:22] {nemo} cat could be shaping up short here
[11:22] {dino} imo, the economy sucksv right now. they are cheering 490k job losses? remember when we used to add jobs and cheer, not lose and cheer. who can buy anything. but this is just what i see
[11:23] {dino} poconos is tight
[11:23] {ese} better reason than i have........
[11:24] {dino} what is yours?
[11:24] {dino} i suppose it could be as simple as why not?
[11:25] {ese} well maybe not better different........
[11:25] {ese} will type it out
[11:26] {ese} i kinda see this as a different industrial revolution for you all.......instead of it being about's about intelectual property and high tech....
[11:26] {ese} work force has to shift....meaning re education
[11:26] {Threei} (IS) Bank of Israel's Fischer: For a prosperous global recovery the USD must weaken (related USD/ILS )
[11:27] {Threei} hmmm... the rest of the world think otherwise, Fischer
[11:27] {ese} those same jobs that have been lost ain't in my opionion coming back
[11:28] {ese} but thats doesn't mean your economy is going to suffer......which it looks like it is arne' there for sure but companies are being profitable
[11:29] {ese} theses a shift going on..........imo.......
[11:29] {Threei} what to do with millins who have no job anymore?
[11:29] {Threei} millions
[11:29] {dino} no jpbs=mtg defaults=welfare increases=higher taxes=,=,=. but what will people do. govt(democrats) wants perpetual handouts. i am a supply-sider. cut taxes and get out of the way
[11:29] {Threei} they have to eat
[11:30] {Threei} they lose homes
[11:30] {fernp} WFC breakingdown
[11:30] {ese} Andy Kesslers book...Rinning With The very detailed on this topic and so far what he's predicted is coming to fruition
[11:30] {Threei} their spending used to support a lot of businesses
[11:31] {ese} can't do anything with them vad.....they have to re educate themselves
[11:31] {ese} you can try and support them until they do
[11:31] {BillyD} out 1/2 somx +.08
[11:31] {dino} there is a shift, but our clowns don't get it. they want people depending on the govt. that way they keep there jobs. even this last election was won that way, the cities (lots of welfare) voted obama, everywhere else was mccain
[11:32] {Threei} reeducate to do what? no field is hiring
[11:32] {Threei} and there is a reasonable age limit to total change of profession
[11:32] {nemo} this whole decade was driven by debt
[11:32] {dino} so is atlas shrugged ese. at some point the destroyer will start showing up.
[11:32] {nemo} 2012
[11:32] {Moose} { John Gault
[11:33] {ese} well........we made it through the industrial revolution......something similar should happen here......what that is i don't know
[11:33] {dino} indeed moose
[11:33] {nemo} that was a huge boost in productivity ese
[11:33] {nemo} What's always interested me is cycles.
[11:33] {nemo} You cannot expand and grow forever
[11:33] {ese} this is one for sure
[11:33] {dino} same thing happened in 70s. taxes too high, wealthy stopped. until reagan came along and get them excited about making money again
[11:34] {ese} cycle that is
[11:34] {nemo} 70's was because of Vietnam and gold default
[11:34] {nemo} huge debt and shift completely to fiat
[11:34] {dino} all the dems talk about is hitting the rich. the rich will walk away. be careful for what you wish
[11:35] {dino} fact is lower taxes increases tax receipts
[11:35] {nemo} jeez dino...remember when I mentioned mon collapse...look at it now...oops
[11:36] {fernp} out WFC +.10
[11:36] {Threei} good one fern
[11:36] {dino} ok, back to work
[11:36] {dino} gj fern
[11:37] {fernp} i'm flat for the day Vad. I need one of your super calls and I will sing for you happy birthday lol
[11:38] {Threei} then I have to ask: do you sing well?
[11:38] {fernp} nope
[11:38] {Threei} because if you sing like I do, I better don't hear that {G}
[11:38] {Threei} wow
[11:38] {Threei} what just happened
[11:39] {Threei} Short Setup: RIMM 59 break
[11:39] {dino} nke stopped -.31
[11:40] {Threei} stop above .15
[11:40] {Threei} for hard core scalpers .10
[11:42] {nemo} rimm runs into the 200 ma around .15
[11:42] {BillyD} My entries are too early today
[11:44] {nemo} fcx might be a short if it holds under .70
[11:44] {BillyD} out rest SOMX up tp +.11
[11:45] {nemo} I mean mon
[11:45] {dino} gj
[11:45] {BillyD} ty
[11:45] {dino} my exits are late, had .20 in nke, rino, and wag, didn't take them
[11:45] {Threei} RIMM is likely to trigger now
[11:45] {Threei} won't be a scalp for me
[11:46] {ese} s rimm .00
[11:46] {Threei} still holding support...
[11:46] {Threei} why not wait for break
[11:47] {ese} yup
[11:47] {ese} agressive entry
[11:47] {BillyD} yeah, it got me earlier with early entry
[11:47] {Threei} aggressive entry closer to resistance (in case of short) gives you tighter stop and better profit potential
[11:48] {ese} ya am thinking that right now
[11:48] {Threei} entry right near the trigger doesn't... while carries the shortcomings of aggressive entry,
[11:48] {BillyD} we missed SQNM
[11:48] {Threei} i.e., less odds of working
[11:48] {Threei} ugh
[11:49] {ese} am totally agreeing with you
[11:49] {Threei} Fed Chairman Bernanke: It is imperative that Congress develope a solution to the "too big to fail" issue
[11:49] {Threei} what solution... apply anti-monopoly law, let them fail
[11:50] {Threei} Fed extended support to companies extremely reluctantly.
[11:50] {Threei} - GSEs are particular problems that must be addressed.
[11:50] {Threei} - TARP has served its purpose, now needs to be unwound.
[11:50] {Threei} - Sees TARP breakeven to in the red on payouts to financial companies.
[11:50] {ese} was watching qqqq's and it looked like a breakdown there and so i went with it
[11:51] {nemo} I gotta frickin' go and RIMM looks like it's going to trigger
[11:52] {ese} buggar it covered.99 +.01
[11:53] {ese} too damn quick
[11:53] {dino} trgt strange, signs deal and drops
[11:54] {nemo} c u guys tomorrow.. P&Q
[11:54] {Threei} take care nemo
[11:54] {Moose} cya nemo
[11:54] {fernp} bye nemo
[11:54] {ese} cya nemo
[11:54] {dino} cya nemo
[11:55] {strider} see ya
[11:57] {Threei} can't believe we forgot about SQNM
[11:58] {BillyD} yeah
[11:58] {dino} trgt sm l .23
[12:00] {strider} ah, the dino setup...trgt
[12:00] {Threei} Short Setup: AIG .50 if stays below .60
[12:03] {dino} lol
[12:04] {dino} esi drop
[12:04] {Threei} wow... who remembers RIMM this narrow for this long
[12:04] {BillyD} not me
[12:05] {BillyD} stubborn here
[12:05] {Threei} HGSI Today's strength partly attributed to a Bernstein note speculating that Amgen might be interested in HGSI acquisition (28.81, +1.35, 4.92%) (related AMGN GSK )
[12:05] {strider} I'm out RIMM avg. +.04, from entry at .07
[12:05] {strider} gotta go soon.
[12:06] {Threei} what's with everyone leaving early
[12:06] {Threei} wait, don't answer
[12:06] {Threei} let me think you all go celebrate my birthday
[12:06] {dino} trgt to .63
[12:06] {strider} I'm closing down a business right now...should have it wrapped up in a week. Then I'm all yours, vad.
[12:07] {fernp} AIG invalidated? printed .63
[12:07] {Threei} now tell me, you are blonde, female, 6.1, etc
[12:07] {Threei} yeah
[12:07] {strider} how'd you know.?
[12:07] {Threei} wishful thinking
[12:07] {strider} the 6'1" is right.
[12:07] {Threei} lol
[12:08] {fernp} Vad!! your boots, please
[12:08] {Threei} they are yours
[12:08] {Threei} use them as you please
[12:08] {dino} trgt to .73
[12:10] {strider} See y'll tomorrow.
[12:10] {Threei} take care strider
[12:10] {fernp} bye strider
[12:12] {fernp} if RIMM is acting this slow way, what should be doing FITB?
[12:12] {dino} cya stride
[12:12] {dino} trgt to .83
[12:12] {Threei} FITB should trade in .000001
[12:12] {fernp} lol
[12:14] {dino} out .83 trgt, +.60
[12:14] {Threei} wtg
[12:14] {dino} ty
[12:15] {Threei} RIMM 1:1
[12:15] {Threei} believe it or not
[12:16] {Threei} covering half
[12:16] {Threei} +.15
[12:16] {BillyD} out but don't understand your 1:1 math
[12:16] {Threei} scalpers be happy
[12:16] {Threei} hmm?
[12:16] {BillyD} stop was .15 right
[12:16] {Threei} it's not even math
[12:16] {BillyD} so around .85
[12:17] {Threei} .10 for scalopers
[12:17] {Threei} .15 for day traders
[12:17] {BillyD} sorry, didn't see that part of call
[12:17] {Threei} 11:40] {Alert} Threei stop above .15
[12:17] {Threei} [11:40] {Alert} Threei for hard core scalpers .10
[12:18] {BillyD} giving you a hard on on your birthday just isn't right
[12:18] {Threei} it's rather calculus than algebra {G}
[12:18] {BillyD} BTW, TY for RIMM
[12:18] {Threei} there... I bite right back
[12:18] {Threei} welcome, lol
[12:18] {BillyD} lol
[12:19] {dino} mflx
[12:19] {dino} should've held trgt
[12:21] {Threei} AIG doesn't go up with market
[12:21] {Threei} let's see if it re-validates
[12:22] {Threei} I think it is
[12:22] {Threei} either same setup, or just .65 stop
[12:22] {Threei} personal choice
[12:24] {Threei} how about one of your famous drops AIG
[12:25] {fernp} .50 break w/stop above .65 is the play, no?
[12:25] {Threei} .60 or .65
[12:25] {Threei} [12:22] {Threei} personal choice
[12:31] {fernp} PAYX 32.10 breakdown? or too many short plays for lunch time?
[12:31] {Threei} why not
[12:32] {Threei} if market drops, PAYX looks good
[12:32] {Threei} a bit narrow, but stop is small
[12:32] {fernp} 5 cents stop
[12:32] {Threei} yup
[12:40] {Threei} oh well
[12:40] {fernp} out
[12:40] {Threei} not this time
[12:41] {dino} rino nears lod
[12:42] {Threei} (US) House Speaker Pelosi: Tax on financial transactions (Tobin Tax) has a great deal of merit
[12:42] {Threei} ***Reminder: Back on 11/24 reported that House Democrats were drafting a 0.25% tax on all financial transactions, aiming to raise $150B/year.
[12:43] {dino} it will put me out of business i fear
[12:44] {patience} come trade on the tsx dino
[12:44] {dino} have to change to low priced or options
[12:44] {Threei} you and whole financial industry
[12:45] {dino} i may have too patience. these politicians will move the center of the financial world on this idea
[12:45] {Threei} they insist on the whole world doing that dino
[12:46] {dino} then tsx will not help me
[12:46] {Threei} danger to lose exchanges was the first thought when they started talking about it
[12:46] {Threei} so they stated it's a possibility if everyone does it
[12:46] {Threei} so expect attempt to push europe and canada
[12:46] {Threei} europe is not much of a resiastance
[12:47] {Threei} they are open to this idea
[12:47] {patience} can't see canada approving vad....too conservative a country to do this
[12:47] {dino} the politics of envy. you have it, i want it but don't know how to get it, so i'll destroy it
[12:47] {Threei} then it won't be implemented - unless USA lost its mind completely
[12:48] {Threei} and if it will, Canada will become financial center of the wetsern world in a flash
[12:48] {dino} let's hope it doesn't pass
[12:49] {Threei} I can see listings and brokerages moving to Canada within months
[12:50] {dino} of course, only the bad mgt would list in canada
[12:50] {dino} would not
[12:50] {dino} so the nyse would have, c, gm, and aig left
[12:51] {dino} hmmm, thought i'd get a laugh out of that, the govt owns them
[12:51] {Threei} you would if not for AIG
[12:52] {Threei} AIG we need
[12:52] {Threei} FRE and FNM they can have
[12:52] {dino} next will be you cannot leave your job if you have one
[12:53] {dino} because we need the taxes
[12:53] {Threei} why not... not working was illegal in USSR
[12:53] {Threei} you would go to jail for not working
[12:54] {Threei} remember the poet Brodsky?
[12:54] {dino} no
[12:55] {Threei} famous poet, Nobel prize
[12:55] {Threei} Soviet originally, moved to US
[12:56] {Threei} he was actually sent to prison for not having any offial line of work
[12:56] {dino} atlas shrugged
[12:56] {fernp} not working was illegal? how was that possible? incredible
[12:57] {Threei} USSR was incredible
[12:58] {Threei}
[12:58] {Threei} In 1963, he was arrested and in 1964 charged with parasitism by the Soviet authorities. A famous excerpt from the transcript of his trial made by journalist Frida Vigdorova was smuggled to the West:
[12:58] {Threei} Judge: And what is your profession, in general?
[12:58] {Threei} Brodsky: I am a poet and a literary translator.
[12:58] {Threei} Judge: Who recognizes you as a poet? Who enrolled you in the ranks of poets?
[12:58] {Threei} Brodsky: No one. Who enrolled me in the ranks of humankind?
[12:58] {Threei} Judge: Did you study this?
[12:58] {Threei} Brodsky: This?
[12:58] {Threei} Judge: How to become a poet. You did not even try to finish high school where they prepare, where they teach?
[12:58] {Threei} Brodsky: I didnt think you could get this from school.
[12:58] {Threei} Judge: How then?
[12:58] {Threei} Brodsky: I think that it ... comes from God.[
[12:59] {Threei} For his "parasitism" Brodsky was sentenced to five years of internal exile with obligatory engagement in physical work and served 18 months in the Archangelsk region. His sentence was commuted in 1965 after protests by prominent Soviet and foreign literary figures
[13:04] {Threei} PAYX is a water torture stock fern
[13:04] {BillyD} it seems to be theme for most of day vad
[13:05] {fernp} I missed the entry... I guess I was looking at other thing
[13:05] {Threei} 1:1 meanwhile...
[13:06] {nemo} back
[13:06] {nemo} awiav
[13:07] {Threei} PAYX
[13:07] {Threei} over actually
[13:07] {Threei} just wanted to tease you with the play you missed
[13:07] {nemo} great
[13:12] {fernp} FAS is breaking down
[13:18] {Threei} I am tempted to call FAZ long
[13:18] {Threei} but honestly, it's 50/50
[13:19] {fernp} call it
[13:19] {fernp} pullback with low vol
[13:20] {BillyD} Vad, what % of working do you consider it worht taking vs say a 50/50
[13:21] {Threei} Fed's Beranke: Unclear what impact, if any, ending the asset purchase program will have on mortgage rates; prepared to review the MBS purchase program (related TLT SHY EUR/USD GBP/USD USD/JPY XLF XHB )
[13:21] {Threei} well, I don't have any scientific way to define the %
[13:21] {Threei} when I say 50/50, I simply mean I have no way to tell whether one direction is more likely than the other
[13:21] {BillyD} ok
[13:22] {Threei} well, .65 is break fern
[13:25] {nemo} hig at low
[13:26] {Threei} very hard to tell gut feel from acid reflux today
[13:26] {dino} have some cheese cake vad
[13:26] {dino} 'thats what i have on my b-day
[13:26] {Threei} single malt appeals to me more
[13:27] {dino} lol
[13:27] {BillyD} how about some trout
[13:27] {Threei} with single malt??
[13:27] {Threei} that's a perversion
[13:27] {BillyD} hint: slap
[13:28] {Threei} I know... I just hope pretending I don't inderdtand will save me
[13:28] {BillyD} lol
[13:28] {dino} sm l esi .91
[13:29] {BillyD} AIG now falls
[13:30] {dino} med
[13:31] {fernp} please, sell 1000000 shares of FAS Vad
[13:34] {BillyD} mau try AIG if loses .40 and holds .50
[13:34] {BillyD} may
[13:38] {fernp} no go FAZ
[13:51] {Threei} whole fight today occures within 15 points NQ
[13:52] {Threei} amazed we found what did
[13:52] {fernp} VSEA if breaks 33 ...
[13:52] {nemo} actually, some of the large caps have taken beatings
[13:52] {nemo} relatively
[13:52] {nemo} look at pru mon range on fcx tck
[13:52] {Threei} guess who is on TV
[13:53] {nemo} Shalom Harlow
[13:53] {Threei} good to see the pause... you are running out of names
[13:53] {dino} melissa joan hart
[13:53] {Threei} and you dino - you wish
[13:53] {nemo} no, I was waiting on intuitive inspiration
[13:53] {Threei} oh
[13:53] {Threei} that's acid reflux
[13:54] {nemo} look at v
[13:54] {Threei} I better look at melissa joan hart
[13:55] {nemo} she won't make you money
[13:57] {fernp} INTC trying to break 20
[13:59] {Threei} what's with VVUS today...
[13:59] {dino} :)\
[14:00] {Threei} US VP Biden: White House considering tax incentives among options for job creation - jobs summit
[14:00] {Threei} - highlights that the White House itself is limited when it come to creating jobs
[14:00] {Threei} wow
[14:00] {Threei} do I hear common sense coming from WH???
[14:01] {Threei} - Follow Up: US Pres Obama comments that is open to any idea to help job creation; curious to speak to leaders to determine what is holding back business investment
[14:01] {nemo} I thought he was smart
[14:02] {Threei} I can stisfy his curiousity
[14:03] {Threei} constant threat of new and new taxes from each and every direction: carbon tax, income tax, war tax, tobin tax, health premiums
[14:03] {Threei} what sane businessman would expand hearing that even at best of times?
[14:03] {nemo} so many of current workforce are relatively part-time
[14:05] {Threei} add union cards
[14:05] {Threei} and general unfriendly to business mindset being propagated
[14:05] {Threei} and you havw business hunkering down
[14:06] {fernp} out INTC +.05 and VSEA +.09. almost flat again. I still need your super call Vad
[14:06] {Threei} I dilligently look at each symbol spit by scanner
[14:08] {fernp} it's your b-day. Rest a bit and take pics
[14:10] {Threei} Fed's Bernanke: Planning "rolling exit process," wherein asset buys taper off and ending with policy tightening
[14:10] {Threei} if ben wanted to be of any use, he would add: tomorrow
[14:10] {Threei} we would have shorted everything
[14:10] {Threei} and got stinkin' rich today
[14:11] {Threei} instead he says:
[14:11] {Threei} - Communication and timing of exit strategy are difficult
[14:11] {ilana} RIMMpossible .02 break, if stays in the current range?
[14:12] {Threei} RIMM has total "short me" look
[14:12] {Threei} .10 closest resistance
[14:12] {ilana} yup, forgot to mention short
[14:18] {nemo} lucky I got that .15 out of DE.
[14:18] {Threei} look at AIG
[14:18] {BillyD} yeah
[14:18] {BillyD} had right direction
[14:18] {dino} gme stopped
[14:19] {dino} -.27
[14:20] {Threei} does it feel like eod will bring real selloff to ayone?
[14:20] {Threei} RIMM 1:1
[14:20] {Threei} good spot ilana
[14:21] {fernp} out RIMM. ty ilana / Vad
[14:21] {Threei} {fern} I don't hate RIMM anymore
[14:21] {Threei} {fern} RIMM, will you ever forgive me
[14:21] {fernp} well, but I hate AIG
[14:21] {Threei} lol
[14:21] {Threei} you just love to hate something
[14:21] {nemo} hah, frickin DE
[14:21] {fernp} i need it
[14:22] {Threei} RIMM{ 4 short plays today
[14:22] {Threei} all 4 worked
[14:23] {fernp} yes, that's true, but today RIMM is moving slower than usual
[14:23] {fernp} i find easier to trade it
[14:23] {Threei} yes... everything is though
[14:29] {nemo} aig short under 30.00
[14:29] {Threei} most likely, yes
[14:29] {nemo} big order at that level
[14:29] {Threei} and I do feel seloff coming
[14:30] {nemo} although, we have DB volume here
[14:30] {Threei} gbreat
[14:30] {nemo} rimm at important level too
[14:30] {Threei} third attemot if successful will have good chance of working
[14:32] {nemo} there was an order for 230 lots at 30
[14:34] {fernp} WFC 27
[14:35] {Threei} Short Setup: AIG 30 break
[14:39] {nemo} out rimm .65
[14:39] {Threei} from where?
[14:39] {nemo} .79
[14:40] {nemo} Ahhh fern's regret
[14:40] {fernp} good one nemo
[14:40] {nemo} lucky
[14:40] {nemo} I'm not flowing this week
[14:40] {Threei} RIMM Hearing OTR Global Research making cautious comments (timing uncertain) (58.62, -1.19, -1.99%)
[14:40] {nemo} need to do a mushroom trip
[14:40] {nemo} not
[14:41] {nemo} now I really have to go. definite not till tomorrow . gnite all
[14:41] {fernp} bye nemo
[14:41] {BillyD} cya nemo
[14:41] {Threei} - firm is saying that RIMM is being forced to cut 20% access fees to carriers.
[14:42] {Threei} well AIG
[14:42] {Threei} are you game this time?
[14:42] {Threei} {AIG} I so am
[14:43] {fernp} stop .11?
[14:43] {Threei} it topped at .13
[14:44] {Threei} oh come on
[14:45] {dino} cya nemo
[14:46] {ilana} hate ths animal..
[14:46] {Threei} US) House passes bill to make estate tax permenant (update)
[14:47] {Threei} congratulation to heirs
[14:47] {Threei} - The legislation protects estates under $3.5M, or $7M for married couples, from the tax. It taxes inherited wealth above that amount at 45%.
[14:47] {Threei} - bill still must move to the Senate
[14:47] {dino} i think it was set to go to zero next year
[14:48] {Threei} 45%
[14:48] {Threei} {AIG} ilana, I demand an apology
[14:48] {fernp} fern is out at .90 TY and good night :-)
[14:48] {Threei} wtg fern
[14:48] {ilana} after this torture?
[14:48] {Threei} see you tomorrow
[14:48] {ilana} never
[14:48] {fernp} bye all
[14:48] {Threei} {AIG} yes- torture or not, I deliver
[14:49] {BillyD} out ty
[14:49] {Threei} welcome
[14:49] {BillyD} it's taken some nerves today to hold some of these
[14:49] {jmb} Thanks Vad
[14:49] {BillyD} nerve
[14:50] {Threei} who would have thought - not only it shaped up as a good day, practically all we won was on a short side
[14:50] {Threei} jmb :)
[14:50] {Threei} Billy, know why?
[14:50] {BillyD} tight range
[14:50] {Threei} because we are shorting into what shapeds up as market reversal
[14:50] {Threei} but there is no reversal yet
[14:50] {Threei} so it's kind of tip of the uptrend
[14:50] {Threei} very uncertain and very nervous
[14:51] {dino} pfg
[14:51] {ilana} reversal is coming soon?
[14:51] {dino} out esi .17, +.27
[14:51] {Threei} general market?
[14:52] {ilana} yes
[14:52] {dino} hmmm tricked me
[14:52] {Threei} well... many pundits call for it for months
[14:52] {Threei} I won't follow their steps
[14:52] {ilana} to downtrend you mean?
[14:52] {Threei} but heck, some day it should reverse
[14:52] {Threei} yes
[14:52] {Threei} 1:2 AIG
[14:53] {BillyD} Vad, it make sit harder to hold for more i n this mkt because it takes alot to finally hit 1:1 after testing you fora while
[14:53] {Threei} yup... that's the uncertainty and nervousness of trend reversal
[14:54] {BillyD} then they continue.....................................
[14:54] {Threei} no one knows whether it comes finally or it's just another headfake
[14:54] {ilana} and i'm lucky to get into trading just on time...
[14:54] {dino} lol
[14:54] {Threei} smell of roasted bear meat permeates premises for months
[14:54] {dino} welcome to the jungle ilana
[14:54] {ilana} rrrrrrrrrrr
[14:58] {dino} trader tax will exempt retirement funds, lol, trade the ira is the loophole
[15:00] {dino} cpl
[15:02] {Threei} AIG...
[15:02] {Threei} this part is without us already
[15:02] {Threei} but really Ilana... you have no reason to be so cruel toward this one
[15:03] {ilana} will give it a couple years to prove itself
[15:03] {Threei} years?
[15:03] {Threei} it may get delisted before that, lol
[15:04] {ilana} even better
[15:18] {dino} rino hl l ave .25
[15:20] {dino} stop is .98
[15:22] {Threei} Defense Secretary Gates: may need to order 4-5K more mine resistant vehicles (MRAP's) for the Afghanistan troop surge (related FRPT OSK NAV )
[15:23] {BillyD} Obama main war issue was in Iran to get them out
[15:23] {BillyD} now we adding more to different war
[15:24] {BillyD} presidential promises..............
[15:24] {Threei} and this one has next to zero chances to be won
[15:24] {Threei} heck, there is no even mission toaccomplish
[15:24] {BillyD} got to find them first
[15:26] {Threei} nah, FRPT is dead
[15:27] {Threei} thoufght maybe some momo on that
[15:28] {BillyD} Vad, any B'Day plans?
[15:28] {Threei} lunch... walk... then get back home and show that single malt how dangerous its life is and how short its lifespan can be
[15:29] {BillyD} rofl
[15:29] {Threei} US) Senate Republicans lose bid to stop Medicare cuts in healthcare bill
[15:30] {ilana} AIG - wall at .70, and look at sPY
[15:31] {Threei} - McCain motion would have prevented the bill from stripping around $400M in Medicare funding.
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 800M shares, about 11% below its three-month average; decliners lead advancers by 1.6:1.
[15:32] {Threei} - NASDAQ volume 1.62B shares, about 13% below its three-month average; decliners lead advancers by 1.2:1.
[15:32] {Threei} - VIX index +2.75% to just over 21.50
[15:32] {Threei} (US) President Obama: Administration would like to move forward on job creation proposals linked to energy efficiency (related EUR/USD )
[15:33] {Threei} Proposals under consideration include tax incentiv
[15:33] {dino} oh boy, just like the ethanol junk
[15:34] {Threei} ethanol worked great - just look how well EPIX is doing
[15:34] {dino} rino stopped
[15:35] {dino} lol epix .0110
[15:36] {Threei} ummm... wrong symbol
[15:36] {Threei} but the right one is under $1 as well :)
[15:36] {Threei} what was it
[15:37] {BillyD} PEIX
[15:37] {Threei} lol, yes
[15:37] {Threei} thank you
[15:37] {BillyD} Happy B'day
[15:39] {Threei} another market breakdown
[15:39] {Threei} will AIG follow?
[15:39] {Threei} WFC
[15:40] {Threei} .54 short?
[15:40] {dino} nothing like making a fuel that costs more than existing fuels
[15:40] {Threei} and save nothing in the process
[15:41] {Threei} so far feel about selloff into close proves right
[15:42] {BillyD} stop .64 right
[15:42] {dino} you have that right
[15:42] {Threei} or above .60 if want to keep it anal-retentive
[15:42] {dino} ndx filling open gap
[15:44] {BillyD} out ty
[15:44] {Threei} beautiful
[15:44] {Threei} nice and easy
[15:44] {dino} heck of a drop
[15:44] {BillyD} yeah, and I hate
[15:44] {Threei} and again on a short side
[15:44] {Threei} hehe
[15:44] {Threei} that's why we short it
[15:52] {Threei} 14:20] {Alert} Threei does it feel like eod will bring real selloff to anyone?
[15:52] {Threei} 14:29] {Alert} Threei I do feel seloff coming
[15:53] {BillyD} nice read
[15:53] {dino} indeed
[15:53] {BillyD} mkt knew it was your B'day
[15:53] {Threei} lol
[15:55] {Threei} 119.30 was short trigger I was paper-trading on GLD
[15:55] {Threei} worked like charm
[15:55] {Threei} maybe I need to starty calling it again, carefully
[15:56] {Threei} see the setup?
[15:56] {ilana} yes
[15:56] {BillyD} big time
[15:56] {ilana} very nice chart it was
[15:57] {ilana} bye and happy b-day again, Vad
[15:57] {Threei} thank you
[15:57] {Threei} okay guys, thank you all
[15:57] {Threei} nice day
[15:57] {Threei} see you all tomorrow
[15:58] {dino} have a happy b-day 3i
[15:58] {dino} next gaps 1768 ndx, 1097 s/p
[15:58] {Threei} I will
[15:58] {BillyD} bye Vad
[15:59] {Threei} you will be able to tell tomorrow as my ytping will be worse on record
[16:00] {dino} ttwo

Labels: , , ,

Wednesday, December 2, 2009

Dec 02 2009

Much better day with few calls (I tend to get careful after getting my behind kicked) but all of them being winners, one turning into nice 40 cents runner (ATHR).

Session Time: Wed Dec 02 00:00:00 2009

[07:50] {nemo} hi folks
[07:51] {strider} morning nemo, patience.
[07:51] {strider} jmb
[07:51] {patience} good chilly morning :)
[07:51] {nemo} yeah, cold here too
[07:53] {strider} 40 degrees here...supposed to rain all day.
[07:53] {nemo} 20's here
[07:53] {nemo} sunny
[08:08] {Threei} RSOL signed a large multi-site contract to design and install 790 kW DC of solar electricity in CA (3.03, 0.00, 0.00%)
[08:11] {Threei} BLTXX Baltic Dry Index rises just over 2% (first gain in 9 sessions)
[08:14] {Les} hello.
[08:14] {Les} frozen fingers working in garden this morning
[08:15] {Les} couple of glasses of wine and I'm warmed up to trade
[08:15] {Threei} Les :)
[08:16] {Threei} *(US) ADP NOV EMPLOYMENT CHANGE: -169K V -150KE
[08:16] {Threei} - Prior revised from -203K to -195K
[08:16] {Threei} - Sept revised to -227 from -254
[08:19] {nemo} Hi Raven
[08:20] {Raven} mourn
[08:20] {nemo} morn or mourn
[08:20] {Raven} cosmo says mourn
[08:20] {Les} AIG in playful mood this morn
[08:21] {Threei} R :)
[08:22] {Raven} T:)
[08:22] {nemo} cute
[08:22] {Raven} lol
[08:25] {Threei} Raven... I guess this is first time ever someone thought you and I were cute
[08:25] {Threei} well... certainly first for me
[08:25] {nemo} responses were cute
[08:25] {Threei} oh don't ruin it for me
[08:26] {nemo} fine...
[08:26] {Raven} {}
[08:26] {Threei} but don' go any further that road either
[08:26] {nemo} [08:21] {&Threei} R :)
[08:26] {nemo} [08:22] {+Raven} T:)
[08:26] {nemo} [08:22] {nemo} cute
[08:27] {Threei} RSOL daily looks interesting
[08:27] {Threei} don't know how influential news is
[08:27] {Threei} it's some strange arrangement
[08:28] {Les} what you refering to?
[08:28] {Les} the recent buying?
[08:29] {Threei} real goods solar Signed large multi-site contract to design and install 790 kW DC of solar electricity in CA
[08:29] {Threei} - Signed a large multi-site contract to design and install 790 kW DC of solar electricity across fourseparate affordable housing communities: three in San Francisco and one in Richmond, CA.
[08:29] {Threei} - The PV systems will be financed through a Power Purchase Agreement (PPA), enabling these properties to use solar-generated power without the upfront capital costs or operational expenses. Upfront installation costs have been significantly reduced by San Francisco Mayor Gavin Newsoms GoSolarSF solar energy incentive program, and the California Solar Initiative Multi-Family Affordable Solar Housing (MASH) Rebate Program.
[08:29] {Threei} - This multi-million dollar investment is expected to generate 1,090,311 kWhrs (1.1 MWhrs) of electricity for the residents of these communities, ensuring lower electricity rates for years to come. Californias new Virtual Net Metering tariff will allow the electricity and cost savings to be shared among the resident families as well as the common areas, a first for California.
[08:29] {Threei} - Through the San Francisco City Build and Solar Richmond workforce training programs, approximately 36 workers who were previously unemployed now have jobs installing the systems.
[08:30] {Threei} CYTR Announces That FDA Lifts Clinical Hold of Arimoclomol in ALS (1.00, 0.00, 0.00%)
[08:31] {Threei} so if I understood it right, RSOL installs equipment at its own expense, albeit reduced by rebates,
[08:32] {Threei} and hopes to recover it and profit by selling energy
[08:33] {Threei} KERX
[08:33] {Threei} Keryx Biopharmaceuticals Inc Receives FDA Fast Track Designation for KRX-0401 (Perifosine) for the Treatment of Relapsed/Refractory Multiple Myeloma
[08:33] {Threei} - A Phase 3 trial investigating perifosine in combination with bortezomib (VELCADE) and dexamethasone for the treatment of patients with relapsed/refractory multiple myeloma is expected to commence by year-end under a Special Protocol Assessment (SPA) with the FDA.
[08:33] {Threei} - In addition, in September, the Company announced that perifosine had received Orphan-Drug designation in the United States for the treatment of multiple myeloma.
[08:35] {Threei} Analysts at Credit Suisse update China investment strategy; Growing cautious in construction and capital goods names that are overly exposed to infrastructure/industrial development
[08:35] {strider} KERX has gap up to 5.
[08:36] {Threei} AEZS Receives FDA Fast Track Designation for the Treatment of Relapsed/Refractory Multiple Myeloma (1.00, 0.00, 0.00%)
[08:39] {Les} nice cup developed, wonder if it can pull of handle as well KERX
[08:41] {Threei} on what chart?
[08:50] {Les} daily, last 3 months. No?
[08:50] {Les} or is that shallow pullback?
[08:51] {Threei} so far it's a cup
[08:51] {Threei} it's just that such time frame doesn't give you any options for today
[08:51] {Les} so can it be played as breakout of present price, given the consolidation?
[08:52] {Les} or would waiting for handle be way to go?
[08:52] {Threei} if you want to play C&H on daily chart, there is no such play today
[08:52] {Threei} it just completes the cup
[08:52] {Threei} whatever you want to play today would have to come from intraday chart
[08:53] {Les} sure
[08:54] {strider} NVAX
[08:55] {ese} morning
[08:55] {Threei} strider, ese :)
[08:55] {Threei} NVAX had news...
[08:55] {Threei} H1N1 trials
[08:55] {strider} morning 3i, ese:)
[08:55] {Threei} isn't it horribly late for that?
[08:56] {ese} ST vad
[09:01] {Threei} DRYS is knocking on yest high
[09:01] {fernp} Good morning everybody
[09:01] {Threei} [08:11] {Alert} Threei BLTXX Baltic Dry Index rises just over 2% (first gain in 9 sessions)
[09:01] {Threei} fern :)
[09:01] {strider} morning fern:)
[09:02] {Les} hey fern
[09:02] {fernp} strider, les :)
[09:03] {larisa} gm :)
[09:05] {Threei} larisa :)
[09:05] {larisa} :)
[09:05] {nemo} lari :)
[09:06] {larisa} nemo :)
[09:06] {strider} larisa:)
[09:06] {strider} rubbi, tomg:)
[09:06] {nemo} goodnight john-boy
[09:08] {strider} Anybody using the History Board view in Laser?
[09:09] {tomg} i use it
[09:09] {Moose} gm all
[09:09] {Threei} tom, moose :)
[09:09] {tomg} gm :)
[09:09] {strider} I'm having trouble with it sometimes overwriting previous entries, when I type a new sym into the linked chart.......have you seen that?
[09:09] {tomg} yes
[09:09] {strider} know how to prevent it?
[09:10] {nemo} wait for laser brain to show up and then hammer him with the question
[09:10] {tomg} i figured it out, but forgot....let me look
[09:10] {ese} snts......another drug company moving this morning
[09:10] {strider} thx
[09:11] {tomg} right click over it, look at settings
[09:11] {strider} k
[09:11] {tomg} what do you have for stock depth (lower right corner)
[09:11] {Threei} SNTS yesterday after hours news
[09:11] {Threei} Tuesday, December 01, 2009 5:20:43 PM
[09:11] {Threei} Santarus Inc Confirms FDA Approval of Schering-Plough HealthCare Products ZEGERID OTC
[09:11] {strider} 10, but it's replacing at 4 right now.
[09:12] {tomg} i set mine at 20.
[09:12] {strider} Dos cursor have to be set in a specific place in board?
[09:12] {tomg} i don't think that's the answer though
[09:12] {Threei} Reminder: Treasury Secretary Geithner to testify before the Senate Agriculture Committee on reform of the OTC derivatives market at 9:30amET
[09:12] {tomg} do you have dynamically sort checked?
[09:13] {strider} no. but I will.
[09:14] {strider} that seems to help
[09:14] {nemo} save your layout strider
[09:14] {tomg} ok, i did something, and whatever it was it fixed it. just don't remember exactly. maybe that's it
[09:14] {strider} will do.
[09:15] {strider} It's a good feature.
[09:15] {nemo} how did you link it to charts...I tried to figure that out
[09:15] {strider} Unfortunately, I overwrote most of my stocks for this morning.
[09:16] {strider} nemo..just as you link any thing else...under Window, set link
[09:16] {nemo} yeah, I tried that
[09:16] {strider} try it again...:)
[09:17] {strider} If you have the chart in another set of links....add it to that set.
[09:17] {nemo} I did, then when I click on the symbol in board view it doesn't do anything
[09:18] {strider} You're doing something for me.
[09:18] {nemo} thanks Howard
[09:18] {strider} who's Howard?
[09:19] {nemo} Howard Cosell...master of the obvious (sorry Vad...came well before you) kidding...I'm doing something wrong (surprise!)
[09:20] {strider} Might be best to start with new board view history, and link it before you put in any syms.
[09:21] {nemo} Yeah...I was afraid of that
[09:22] {strider} WAG gap down
[09:25] {ese} me thinks that kerx is a good bet this track desination for a lukemia drug......
[09:25] {nemo} thou art funny
[09:26] {Threei} (US) Moody's: Outlook for US banks continues to be Negative (post Q3), substantial asset quality issues remain for rated US banks (related XLF )
[09:28] {strider} Regional Bank sector upgraded to Overweight from Market Weight at Credit Suisse
[09:28] {strider} Credit Suisse upgraded the Regional Bank sector as they expects NPA's, NCO's and provisions to improve in 2010. The firm upgraded SunTrust (STI) to Outperform from Neutral and BB&T (BBT)to Neutral from Underperform and sees the most upside in Fifth Third Bancorp (FITB) and First Horizon (FHN).
[09:30] {lasertrev} gm
[09:30] {Threei} trev :)
[09:30] {strider} long kerx 3.00
[09:30] {Threei} NANO
[09:31] {ese} l kerx .08
[09:32] {nemo} gld
[09:32] {nemo} sorry
[09:33] {Threei} no idea what happens with NANO but it's a momo candidate
[09:33] {dino} gm all
[09:33] {nemo} dino :)
[09:33] {Threei} dino :)
[09:34] {strider} nothing on the fly
[09:34] {strider} dino:)
[09:35] {Threei} AIG is getting sold off hard
[09:35] {Les} KERX about to do a salmon?
[09:35] {ese} out kerx .12 +,04
[09:35] {Threei} I doubt it Les
[09:35] {Les} ah no
[09:36] {Threei} where is magooo... he would already be up 50 cents on NANO
[09:37] {Moose} 3i.. did you trade NANO?
[09:37] {nemo} communing with the fauna
[09:37] {Threei} scalped
[09:37] {Moose} k
[09:37] {Threei} US Rep Frank: Aiming to vote on financial reform bill in the House by 12/9 (related XLF IXG )
[09:37] {fernp} ATHR 30 break, Vad?
[09:37] {Threei} I like the chart fern
[09:37] {Threei} a bit too thin
[09:38] {Threei} but has nice potentiasl
[09:38] {fernp} ok
[09:39] {Les} drys upon consolidation?
[09:39] {Threei} feels so
[09:39] {Threei} won't be fast, but that's not the nature of this stock
[09:39] {Threei} .40 break prooably worth a try
[09:40] {Threei} ATHR 30 is yesterday's high too
[09:41] {Threei} and a lot of offers
[09:41] {Threei} so break will put it on 2 days break scanners, annual hgh scanners
[09:41] {fernp} that's good
[09:41] {Les} drys .40
[09:44] {nemo} seed coughing up the furball
[09:45] {nemo} no short shares...phoooey!!
[09:45] {strider} never are.
[09:45] {nemo} they'll show up some day
[09:45] {nemo} nano
[09:45] {nemo} oops
[09:45] {strider} buy some, and then borrow them from yourself.
[09:46] {Moose} AIG
[09:46] {nemo} ha.....ha........ha.....
[09:46] {strider} KERX ain't acting right.
[09:47] {Threei} NANO will probably cut through 13
[09:47] {ese} not yet ST
[09:47] {strider} I'm still in small.
[09:48] {strider} still no news NANO?
[09:48] {ese} made .04 but am looking to get back in
[09:48] {Threei} not that I see
[09:50] {ese} waiting for a higher low type thing
[09:50] {Threei} ATHR launch
[09:50] {fernp} i am in
[09:50] {fernp} stop under .90
[09:51] {Les} l drys .46
[09:51] {fernp} i am out 1:1 ATHR
[09:51] {strider} good move fern.
[09:51] {Threei} chewing sound ATHR
[09:51] {fernp} ty
[09:51] {Threei} why .46 Les
[09:52] {Threei} .40 was break level
[09:52] {ese} a little pullback to say .92 st and then away we go
[09:52] {Les} wasn't sufficient consolidation before breaking new high?
[09:53] {Threei} not the point Les... point is, trigger for atrade was .40
[09:53] {Threei} why skip that and then buy .45 break?
[09:54] {Les} figure 12.2, p.126
[09:54] {strider} AIG
[09:55] {strider} no pullback ese
[09:55] {ese} l kerx .99
[09:55] {ese} yup it's strong
[09:57] {Threei} some day we will stumble onto dice with AIG letters on it
[09:58] {Threei} what a weirdo
[09:58] {nemo} who...Les? :)
[09:58] {Threei} well, let's not make it personal because some may find themselves in a glass house {G}
[09:58] {strider} RIMM
[09:58] {Les} oooh in fine form today nemo
[09:59] {nemo} oh yeah...and I throw the stones from the inside
[09:59] {nemo} sorry les...when Vad sticks YOUR chin out like that, I have too
[09:59] {nemo} I'll expect payback
[10:00] {Les} yeh 1 letterbomb express mail
[10:00] {strider} lotsa sellers, KERX
[10:00] {Threei} ATHR, if anyone is holding for more, stategy at this point is:
[10:00] {Threei} stop under 30, offer 1.4 more just above .20
[10:01] {dino} hmmm, i see they dumped the ed's while i was away
[10:01] {Threei} yeah
[10:01] {ese} yup
[10:02] {Threei} 1:2 ATHR
[10:02] {Threei} stop to under .10
[10:02] {ese} lots of buyers too
[10:02] {ese} kerx
[10:02] {Threei} last portion is a choice between exiting at 1:3 or trailing from now on
[10:04] {BillyD} SOMX action
[10:05] {ese} sure i get my pullback
[10:06] {strider} short CBAK .87
[10:07] {strider} stop .95
[10:07] {ese} higher low st.....wha...da ...ya figer
[10:07] {strider} I dunno. I'm about ready to bail.
[10:07] {ese} where you in at
[10:07] {strider} I think there's so much for sale at 3.,
[10:07] {strider} 3.00
[10:07] {ese} could be
[10:08] {strider} I'll wait for a higher low also.
[10:08] {nemo} watching wag, for break of .80
[10:08] {strider} stop 2.87 for me, KERX
[10:09] {nemo} want my address?
[10:09] {ese} ya ....if it puts it in'll make the high of the day i think.....more times than not with this pattern they do........but.......stocks go up except when they don't and down except when they don't
[10:10] {Les} Vad's already given it me...
[10:10] {Threei} with map attached
[10:10] {Threei} ATHR 1:3
[10:10] {Threei} beautiful setup, textbook
[10:10] {fernp} JWN long .80 stop under .70
[10:10] {Threei} now, textbook says:
[10:10] {fernp} out ...and late post
[10:11] {Threei} 1:3 if taken more often than not leads to fast 1:4
[10:11] {ese} hmmmmm .99 give me .15 .84 for me
[10:11] {nemo} trail above the 13 ma
[10:11] {Threei} if trailing, trail under .20
[10:11] {ese} here we go........theres a good little stock
[10:12] {nemo} what stock ese?
[10:12] {ese} kerx
[10:13] {Threei} DRYS over 1:1
[10:13] {Les} from your .40 break, yeh
[10:13] {Threei} right
[10:13] {Threei} your .45 break has two variations
[10:14] {Les} you'll have to show me where I should have entered when things have quietened down
[10:14] {Threei} one is if trade was taken as scalp type 1
[10:14] {Threei} then stop would be under .40, so it's at 1:1 as well
[10:14] {Les} ok
[10:14] {Threei} or as a scalp type II or a day trade, then your stop is under .35
[10:14] {ese} move day for the third round of a golf tournament
[10:14] {Threei} and you have a few more cents till 1:1
[10:15] {ese} i think were lookin good here st
[10:15] {Threei} I told the entry when you first asked Les... and even before that
[10:15] {Threei} .40 break
[10:15] {Threei} ATHR 1:4
[10:15] {Threei} my a$$ is out
[10:16] {ese} no vad........not that
[10:16] {strider} oh, lord...another trading log that can't be posted.
[10:16] {ese} higher low st.....lets make the high
[10:17] {strider} I was hoping for an all day trade, but doesn't look like it now.
[10:17] {ese} all day trade in what
[10:18] {strider} kerx/....thought it might really take off.
[10:18] {ese} auch nuu aye man........
[10:18] {strider} boutght snmall with the idea of partialling in with confirmation.
[10:19] {ese} good plan.....might be better than mine still
[10:19] {ese} i plan on gettin out at the highs
[10:19] {strider} Now all I got is two stocks dead in the water.....
[10:19] {ese} if it ever bloody gets there
[10:19] {strider} and I think vad has retired.
[10:20] {nemo} sqnm
[10:21] {ese} naaaaaahhhhhh! He just watches us....shaking his head thinkin......."what am i doing here....what am i doing"
[10:21] {Threei} don't see any news SQNM
[10:21] {Threei} some rumor somewhere probably
[10:22] {strider} RIMM?
[10:22] {strider} too late
[10:22] {nemo} it's right at support
[10:23] {strider} now lower high, ese. volume dropped to zip.
[10:23] {BillyD} Vad, your hover trick makes a big difference
[10:23] {ese} maybe
[10:24] {Threei} good to hear Billy
[10:24] {Threei} me useful
[10:24] {Threei} me glad
[10:24] {ese} what the hover trick
[10:24] {Threei} that's for Laser ese
[10:24] {ese} ahhhhh
[10:24] {BillyD} have ot get ese a pigeon trick
[10:25] {BillyD} a fast pigeon that is
[10:25] {ese} so your sstill just sitting there shaking your head wondering....."what am i doing here"?
[10:26] {ese} we ove ya vad!!! well at least i do
[10:26] {ese} love
[10:26] {nemo} manlove...wonderful
[10:27] {Threei} ummm
[10:27] {nemo} speechless
[10:27] {Threei} sorry ese, we will have to settle on a handshake
[10:27] {ese} done
[10:27] {Threei} I am very limited in my gender prefeences
[10:27] {nemo} what about species?
[10:28] {Threei} that too
[10:28] {Threei} humans and green men (well, women) from Mars
[10:28] {ese} st.....we may get the all day consolidation at 3.00 quell drag
[10:28] {strider} DOE inventory numbers at 10:30
[10:28] {Threei} or is it ZVenus
[10:28] {dino} gme hl l .00
[10:28] {strider} fwiw
[10:29] {fernp} have to install a samba server. i'll be back in a couple of hours
[10:29] {ese} dino.....your back
[10:30] {Threei} *DOE CRUDE: +2.1M V 0.0E; GASOLINE: +4M V +750KE
[10:30] {Threei} DISTILLATE: -1.1M V -500KE; CAPACITY UTILIZATION: 79.7% V 80.8%E
[10:30] {nemo} wow
[10:31] {dino} lol es
[10:31] {Threei} Update: Tiger Woods issues statement: says he has "let his family down" with his "trangressions"
[10:31] {strider} whatever.
[10:31] {nemo} well...there goes the sponsorship money
[10:31] {ese} huh your kidding
[10:31] {ese} where did you read that vad
[10:32] {Les} like he needs sponsor money anymore
[10:32] {nemo} not the point les
[10:32] {dino} leave the guy alone
[10:32] {BillyD} things stuck right now
[10:33] {Les} CAT b/d .50 trigger?
[10:35] {Threei} i the news ese
[10:35] {Threei} I like CAT chart
[10:35] {Threei} hopefully it stays under .60
[10:36] {Threei} for a tight stop
[10:36] {Threei} its nature is not very conducive to tight stop plays
[10:36] {Threei} but if market drops, this break should be nice
[10:36] {Threei} thing is red while market is strong
[10:37] {Threei} volume dris up on bounces
[10:37] {Threei} dries
[10:37] {nemo} aig short .04?
[10:37] {nemo} stop a bit wide
[10:38] {Threei} nah
[10:38] {Threei} not my kind of setup
[10:38] {ese} kerx....looking dud ish st
[10:38] {nemo} could just be trend continuation
[10:40] {dino} ced hl l .65
[10:40] {nemo} ced dino?
[10:40] {strider} ced?
[10:41] {nemo} think amzn will ever stop?
[10:42] {dino} opps cedc
[10:43] {dino} acl
[10:44] {nemo} patience, you in kgc?
[10:48] {strider} out CBAK +.01...what a dog.
[10:48] {patience} no nemo, i am only hgu
[10:48] {patience} big day for me yesterday
[10:48] {patience} so i am just quietly going with hgu today...letting it trade
[10:51] {patience} out hgu, macd just flipped +.82
[10:52] {larisa} gj
[10:54] {strider} damn kerx.....huge offer
[10:54] {nemo} 3.01 also
[10:55] {strider} yeah...doesn't look like it's going anywhere.
[10:55] {strider} well, it's getting eaten up.
[10:55] {strider} whoa.
[10:55] {strider} jeez.
[10:56] {BillyD} watching SOMX
[10:56] {BillyD} can be a toughie though
[10:57] {Les} still watching CAT. AIG b/d .80 trigger?
06[10:57] * strider slaps Threei around a bit with a large alarm clock.....time to get up!
[10:58] {nemo} Dino, gmcr, maybe bear flag
[10:58] {strider} out KERX +.07
[10:58] {ese} nice one
[10:59] {Threei} CAT just doesn't set up
[10:59] {Les} not yet
[10:59] {Les} .20 stop doable?
[11:00] {Threei} and AIG, for the world of me I can't tell whether it's breakdown, or sit at the low then spike
[11:01] {Threei} I'd prefer aggressive entry on CAT
[11:01] {Threei} .70 is closest resistance
[11:02] {Threei} no clear trigger for now
[11:02] {nemo} .66 is pivot
[11:03] {strider} there goes the market.
[11:04] {Les} so we're not permitted to play CAT. by invitation only?
[11:04] {Threei} huh?
[11:04] {Threei} see how .50 entry would put you in a very uncertain position now?
[11:05] {Les} y
[11:05] {Threei} because it would be done at the end on vertical drop
[11:05] {Les} that's what I meant by invitation only
[11:05] {Threei} but any kind of aggressive entrey would already be in a very nice profit
[11:05] {Les} hmm
[11:05] {Les} aig too
[11:05] {Threei} market drop takes them all down
[11:06] {dino} sm s acl .20
[11:09] {dino} stopped -.35
[11:09] {ese} what the h is this drop all about
[11:09] {BillyD} does it need a reason
[11:09] {Threei} maybe this:
[11:09] {Threei} US House approves plans to create first Federal Insurance industry regulator (related AIG MET GNW PRU HIG PFG LNC UNM GNW AFL )
[11:10] {Threei} or this
[11:10] {Threei} UA) IMF: Dubai's direct effects on international banks appear contained, sees no need to provide Dubai with financial support
[11:10] {Threei} - Calls on UAE to communicate with investors to ensure timely resolution of debt issue
[11:10] {Threei} or it's just time for markert to roll over and die
[11:11] {ilana} did these news just come out?
[11:12] {larisa} this rally already got a name "most hated" :)
[11:12] {ese} you know....i keep reading that there is still lots of uncommitted money out there.....can't see it but maybe there is
[11:12] {strider} long AIG .44
[11:13] {Threei} yes ilana
[11:13] {Les} yes, someone jerking traders chains today
[11:13] {Threei} because most everyone missed it larisa... and waited in vain for price to return for entry, or even shorted it
[11:15] {larisa} hubby got in in march. i told him to get out at DOW 9900 :) now he is very angry with me :)
[11:16] {strider} out AIG +.14
[11:16] {strider} +.16
[11:16] {Threei} wtg
[11:17] {strider} thx vad
[11:18] {dino} gj
[11:19] {Les} cat did its big drop again
[11:19] {strider} SSTEC
[11:19] {strider} STEC
[11:20] {strider} missed it
[11:22] {dino} dgw
[11:23] {strider} : STEC declines after Micron announces plans to enter solid state drive market
[11:25] {Les} another short entry on CAT coming? .20?
[11:25] {Threei} CAT follows the market right now
[11:26] {Threei} market drops, so will CAT
[11:30] {Threei} Barclays is reportedly ending its bets on EUR rising v USD (related EUR/USD )
[11:31] {Threei} another contributing factor to market weakness
[11:31] {Threei} if USD is bottoming out, we are to see market dump
[11:31] {larisa} AMZN exploded
[11:32] {larisa} interesting stock. it is either up all day or down all day. I seldom can catch good bounces on it.
[11:33] {larisa} against the trend it is
[11:34] {strider} ese, you still in KERX?
[11:38] {dino} gme stopped -.35
[11:41] {strider} Favorite quote from our favorite author:
[11:41] {strider} And what is it a trader needs to control? We know we cannot control the market. All we need to control is ourselves, our own behaviour. And this self-control is what enables us to win in the market. It's just uncomfortable. It requires discipline; unclouded, unbiased thinking; and the willingness to admit mistakes without ego intervention. Discomfort and profit go hand in hand.
[11:41] {Threei} sounds familiar...
[11:42] {Threei} I have read it somewhere
[11:42] {Moose} !
[11:42] {dino} in the zone?
06[11:42] * Threei slaps dino around a bit with a large book of Techniques of Tape Reading
[11:42] {strider} But this board of nails is a little excessive. Do all newbies in the room have to use it?
[11:42] {dino} busting you buddy
[11:42] {BillyD} lol
[11:42] {Threei} :)
[11:43] {BillyD} Vad, did you write TTR before the Zone?
[11:43] {Threei} hmmm
[11:43] {Threei} I don't remember... gotta look what year Zone was published
[11:43] {larisa} discomfort and profit.. pain and loss.. can we ever be happy at work ? :)
[11:44] {BillyD} 2000
[11:44] {dino} nvo
[11:44] {strider} long STEC .76
[11:44] {Threei} my copy is 2001... so TTR was mostlywritten
[11:45] {strider} out +.08
[11:46] {Threei} not taking any chances eh
[11:46] {strider} stretchy candle scared me
[11:46] {Threei} and volume spike
[11:48] {BillyD} have confession Vad
[11:49] {strider} uh-oh.
[11:49] {BillyD} took NVAx this morning on .50 break
[11:49] {BillyD} only to be denied once again
[11:49] {BillyD} with same thoughts of "what am I doing in this stock"
[11:49] {Threei} no kidding
[11:50] {BillyD} denied by couple pennies of winning trade
[11:50] {dino} acl nonstop
[11:50] {Moose} i'm thinking that one could almost make a living just trading FAS and FAZ
[11:50] {Threei} it wasn't much of a player on most of it swine flu news when swine flu was a future threat
[11:50] {nemo} cat on the edge again
[11:50] {strider} no news on acl
[11:50] {BillyD} the risk was .10 as low of day
[11:50] {nemo} I'll go for coffee...should trigger
[11:52] {Threei} what do you want from it nemo? }16 as shor trigger?
[11:52] {Threei} short
[11:52] {Threei} GM Chairman Lutz: GM is poised to be profitable in "anything close" to a normal market
[11:52] {BillyD} lol
[11:52] {Threei} Notes GM management was surprised by CEO Henderson's decision to step down.
[11:52] {Threei} huh?
[11:53] {Threei} wasn't he "fired" by autobuilder-in-chief?
[11:53] {Moose} bbl
[11:55] {strider} dbl top, moose?
[11:55] {Threei} market looks breakdownish
[11:55] {dino} yes
[11:55] {Threei} and CAT triues to follow
[11:56] {strider} double bubble?
[11:56] {Threei} anyone takes this short, stop is around .30
[11:57] {strider} acl, wow...moves in dollars
[11:57] {Threei} look at its spread
[11:58] {strider} yeah.
[11:58] {strider} That's why dino like it. :)
[11:58] {nemo} dino flosses with barbed wire
[11:58] {Threei} CAT works
[11:58] {Threei} a bit too slow for CAT...
[11:59] {nemo} hah, I went for coffee...what I tell ya'
[11:59] {Les} so why did you go for coffee?
[11:59] {nemo} needed a cup...expensive cup
[11:59] {nemo} well, maybe
[12:00] {nemo} .07 is support for cat
[12:00] {nemo} pivot support that is
[12:01] {strider} folken, I gotta go....
[12:01] {strider} I'll leave acl to you.
[12:01] {BillyD} cya ST
[12:01] {strider} a la manana.
[12:01] {strider} or banana
[12:01] {Threei} take care strider
[12:01] {strider} :)
[12:07] {dino} later stride
[12:08] {Threei} over 1:1 CAT
[12:08] {BillyD} RIMM in its own world today
[12:10] {nemo} aig at resistance
[12:11] {dino} cat to .00, thks 3i
[12:12] {Threei} credits to les and nemo
[12:12] {Threei} I just provided running commentary
[12:12] {dino} alrighty then thx les, cosmo
[12:12] {nemo} yeah...when I went for coffee it triggered
[12:12] {larisa} lol
[12:12] {dino} took .15
[12:13] {larisa} cosmo is in Tibet
[12:13] {nemo} australia
[12:13] {dino} opps nemo, sorry about that
[12:13] {nemo} seeing the DL
[12:13] {nemo} sorry about what?
[12:13] {larisa} must be the same for real american :)
[12:13] {dino} thx nemo
[12:15] {dino} bstop to .95
[12:15] {BillyD} nice trail dino
[12:15] {dino} to .91
[12:15] {dino} ty
[12:17] {Threei} Just 21% Favor Bernankes Reappointment As Fed Chairman
[12:17] {Threei} throw the bum out
[12:17] {Threei} and abolish the fed while at it
[12:18] {dino} cyber crashed, did my bstop hit?
[12:18] {Threei} no
[12:18] {BillyD} at .83 x .85
[12:18] {dino} ty
[12:19] {Threei} sharp drop now
[12:19] {Threei} .74
[12:19] {nemo} .72 dino
[12:19] {Threei} cover if you can
[12:19] {dino} still not in
[12:19] {dino} cyber issue, other computers working
[12:19] {nemo} call broker
[12:21] {nemo} .67 dino
[12:21] {dino} cov. .70 thru phone, +.45 thx again
[12:21] {Threei} whew
[12:21] {Threei} wtg
[12:21] {nemo} cool
[12:22] {Threei} would be a real shame to run into sharp bounce and let such nice one evaporate
[12:22] {nemo} better than a sharp stick...huh vad
[12:22] {dino} appreciate the updates and call, fl
[12:22] {dino} ok, back into trade sys.
[12:22] {Threei} AIG is holding strangely well
[12:24] {Threei} Long Setup: .80 break AIG
[12:24] {Threei} stop under .70
[12:25] {dino} jst drop
[12:25] {Threei} not every day this animal shows setup with just 10 cents risk
[12:25] {Threei} gotta try it when it does
[12:26] {nemo} becomes a fade on failure
[12:26] {dino} acl spikes again
[12:30] {Threei} let's trail to under .75
[12:30] {Threei} a bit too long stall
[12:39] {ese} st.......was on the phone to the czeck republic....yup i'm still in kerx....stop is .84 just gonna let it ride
[12:40] {ese} czech
[12:40] {ilana} suspiciously slow, aig
[12:41] {ese} and Belgium
[12:42] {nemo} lunch time
[12:42] {ilana} i knew you would say it :-)
[12:43] {dino} acl sm s ..20 ave risky
[12:43] {ilana} wow, if you say risky, it must be a hell
[12:44] {dino} lol, .17 spread
[12:45] {Threei} 1"1
[12:46] {Threei} 1:2
[12:46] {Threei} me out
[12:46] {Threei} thank you AIG
[12:46] {dino} gj
[12:48] {Threei} that's 4 for 4
[12:48] {dino} smokin'
[12:48] {Threei} had bad day yesterday dino
[12:48] {Threei} just digging my way back
[12:49] {dino} cov acl .88
[12:49] {dino} 155.88 that is wow!
[12:50] {dino} +3.32
[12:50] {dino} lucky
[12:50] {Threei} wtg
06[12:50] * nemo slaps dino around a bit with a large roll of cash
[12:50] {ilana} gj!
[12:50] {dino} thing collapsed
[12:54] {patience} .
[12:56] {ilana} WFC .45 break?
[12:57] {nemo} hard to tell, chart right though, volume characteristics iffy
[12:57] {ilana} plus the lunch time...
[12:57] {nemo} hey! that's my line...
[12:58] {ilana} i just borrowed it, ok
[12:58] {nemo} life is plagiarism
[12:58] {BillyD} play nice nemo
[12:58] {Threei} that's why I love living I guess
[12:58] {nemo} I was watching cat for .85 abreak but volume weird
[13:02] {dino} acl bounces again
[13:07] {BillyD} gern stem
[13:09] {Moose} lol... there was just an ad above on Mibbit about catching plagiarism
[13:10] {Moose} timely
[13:11] {Threei} it's not mibbit Moose
[13:11] {Moose} :D
[13:11] {Threei} it's me
[13:11] {dino} i see it
[13:11] {Moose} lol ic
06[13:11] * nemo slaps Moose around a bit with a large trout
[13:11] {Threei} [12:58] {nemo} life is plagiarism
[13:11] {Threei} [12:58] {BillyD} play nice nemo
[13:11] {Threei} [12:58] {Threei} that's why I love living I guess
[13:11] {Threei} this exzchange moved me to come up with that :)
[13:11] {dino} acl crazy again
[13:11] {Moose} ahhh ic
[13:11] {Moose} :O
[13:11] {nemo} didn't notice billy's nice? what's wrong with that?
[13:12] {Threei} nothing, Billy just still has this illusion that you can be reigned
[13:12] {BillyD} you are getting slow
[13:12] {Threei} a few more months and he will make his peace with the fact that you are incorrigible
[13:12] {BillyD} lol
[13:13] {Threei} after all, he gave up on me, didn't he
[13:13] {nemo} no, I subconsciously don't pay attention to you
[13:14] {BillyD} you are right vad, he won't behave
[13:14] {BillyD} I accept it
[13:15] {Threei} I did
[13:15] {Threei} and my life became easier
[13:15] {Threei} and I am all for "make your life simpler"
[13:15] {BillyD} feeling more peaceful already
[13:16] {nemo} now we can't have that
[13:17] {ilana} 1:1 WFC
[13:17] {Threei} :)
[13:18] {Threei} btw on WFC
[13:18] {Threei} where did you enter it Ilana?
[13:18] {ilana} .45
[13:19] {Threei} ok, little comment:
[13:19] {Threei} look at its chart starting from it's bottoming around 12:22,
[13:19] {Threei} see this ladder withing an ascending channel?
[13:20] {ilana} yes
[13:20] {Threei} it did two such moves before it got your attention
[13:20] {Threei} and when it starts uptrending like this,
[13:20] {Threei} the best entry is off lower envelop of this ascending channel
[13:20] {Threei} with exit into higher envelop
[13:20] {ilana} .40?
[13:20] {ilana} entry
[13:21] {Threei} in this case it means, your best entry was on plullback to .40
[13:21] {Threei} right
[13:21] {Threei} around 13:06 - 13:08
[13:21] {ilana} k thx
[13:21] {Threei} smaller stop, better reward
[13:21] {nemo} yeah, volume wasn't giving an idication of what was happening
[13:22] {Threei} right, and I hate breakouts when the pace is so evenly distributed'
[13:22] {nemo} ty
[13:22] {ilana} r u ok nemo?
[13:23] {nemo} o.k. I'll bite...why do you ask ilana?
[13:23] {ilana} being out of your image
[13:24] {Threei} lol
[13:24] {nemo} I say thank you...especially after you let me knaw on your arm for a while
[13:24] {BillyD} rflol
[13:24] {ilana} lol
06[13:24] * nemo thinks he should give up the coffee
[13:25] {ilana} anytime
[13:25] {nemo} too far away I'm sure
[13:25] {nemo} besides, they only let me out for a couple of hours each day
[13:26] {ilana} at lunch time i guess
[13:26] {ilana} that's you fav one
[13:27] {nemo} seed doing the same thing it did yesterday, dance in a range for most of the day
[13:28] {nemo} looking at Qs and spy, are we getting bear flags, or?
[13:28] {ilana} why do you hate evenly distributed pace, Vad?
[13:29] {nemo} can't read it
[13:29] {nemo} when you were looking at that C&H I was looking for volume pattern to confirm the C&H and the break you were looking for. It wasn't there
[13:29] {Threei} when the pace changes from upward to downward move, I can get rythm
[13:30] {Threei} and I can undertand which direction is favored
[13:30] {Threei} when it's just steady up and down with the same volume/pace, it's too random
[13:30] {ilana} i see
[13:30] {nemo} ilana, copy and paste that chart and save it
[13:31] {ilana} a little paradox but true
[13:31] {ilana} what chart nemo?
[13:31] {nemo} next time I see a good example of C&H volume pattern or pullback volume pattern confirming a break, I'll point it out
[13:31] {nemo} wfc
[13:31] {ilana} ok
[13:33] {ilana} where did you see C&H on WFC chart when i posted it?
[13:34] {nemo} it wasn't perfect, but you could make the argument for 12:32 to 12:59
[13:35] {ilana} oh ok, didn't refer to it as C&H, just resistane break
[13:36] {nemo} yes, but the pull back still should have shown a pullback and then a rise in volume toward the breakout point
[13:37] {nemo} you actually had a drop in volume which is a non-confimration
[13:51] {Les} vad, comments you made to Ilana vis a vis WFC trade earlier. does this apply to DRYS this morning?
[13:53] {Threei} well, DRYS was simply a matter of breaking first resistance as a trigger
[13:53] {Threei} vs waiting for some reason for another resistance
[13:53] {Threei} look it this way:
[13:54] {Threei} yeasterday's high on DRYS and today's first morning range showed .40 as a trigger
[13:54] {Threei} that became an etry
[13:54] {Threei} entry
[13:54] {Threei} what is the point of waiting for it to form another range, .40 - .45, and buying .45 break?
[13:55] {larisa} when you posted this morning my quote showed .44 on DRYS already. Not sure if it was my quotes or your MIRC
[13:56] {larisa} or my MIRC or your quotes :)
[13:56] {Les} well in your book entering at the lower end of the envelope is an aggressive trade
[13:56] {Threei} I talked about .40 earlier,
[13:56] {larisa} missed it then
[13:56] {Threei} at the moment of question I didn't look at it, was busy with something else,
[13:56] {Les} but here I read of caveat that "when the stock is uptrending"
[13:56] {Threei} but it did pull back to .40
[13:57] {Les} so one can be a little more aggressive in an uptrend?
[13:57] {Threei} wait a second
[13:57] {Threei} stock broke .40,
[13:57] {Threei} which was an origanl tyrigger,
[13:57] {Threei} then aftet moving up pulled back to .40
[13:57] {Threei} that's not agressive entry
[13:58] {Threei} that's conservative entry
[13:58] {ese} gonna hit the trail.......see ya tomorow
[13:58] {Threei} take care ese
[13:58] {ese} still L kerx
[13:58] {ese} see ya vad
[13:58] {Threei} but without regard to this particular trade yes, in a strong uptrending environment aggresive entries often prove the best
[13:59] {Les} missed several trades today as trending environment enabled stock to jump over entry point
[13:59] {Threei} ATHR was easy to get
[13:59] {Threei} it sat around .02 long enough fore entry
[13:59] {Les} that i wasn't following unfortunately
[14:00] {Les} I chose that loser DRYS instead
[14:00] {Threei} and even DRYS was winner...
[14:00] {Les} hmmm
[14:01] {Threei} US) Fed's Lacker: US fiscal deficit is a huge challenge, Fed will not allow inflation to rise in order to reduce deficit
[14:01] {Threei} wow... those are fighting words
[14:01] {Threei} dino, do you believe him?
[14:01] {nemo} liar
[14:01] {dino} no
[14:01] {dino} inflation is the only way out, imo
[14:02] {nemo} no it isn't
[14:02] {dino} ?
[14:02] {nemo} default
[14:02] {Les} touché
[14:03] {dino} well, devaluation and inflation will be less painful
[14:03] {nemo} wow, accent and everything
[14:03] {nemo} oh, and they care about the serfs
[14:03] {Les}
[14:04] {Les} don't have accents on English language keyboards?
[14:05] {nemo} no
[14:05] {BillyD} Vad, WFC short idea?, it seems not consistent w/ my memory on standard setups working at good %
[14:06] {BillyD} lately
[14:06] {Les} I'll text santa to send you a swiss logitech keyboard nemo
[14:06] {Les} WFC vad. b/d from here?
[14:06] {Les} .30 trigger
[14:06] {Les} ?
[14:06] {Threei} nor right away
[14:07] {Threei} need little bounce, then break
[14:08] {Threei} ideally, forming inverted C&H
[14:08] {BillyD} ASIA on my radar for 2 days now, w/ low volume and range hard to be convinced to enter
[14:08] {nemo} mon tempting short
[14:09] {nemo} vwap at .70 though
[14:15] {nemo} yeah, that .70 area a bit too important
[14:15] {dino} tsl
[14:15] {nemo} there's your jbe
[14:16] {Les} handle forming on WFC
[14:16] {Threei} .35 resistance so far
[14:21] {nemo} wf, looking long now
[14:21] {nemo} wfc
[14:22] {nemo} holding well against the market
[14:23] {Threei} market doesn't really do anything
[14:23] {Threei} 4 points NW move?
[14:23] {Threei} NQ
[14:23] {nemo} yeah, but that last drop wfc strengthened
[14:27] {BillyD} out WFC -.07
[14:27] {dino} jst sm l .75
[14:31] {Threei} oh my god
[14:31] {nemo} for you to say that...sheesh
[14:31] {Threei} let me go puke, then I'll post it
[14:31] {nemo} he's on tv again
[14:32] {Threei} here:
[14:32] {Threei} (US) White House: President Obama has asked economic team to "do whatever possible" to create conditions that encourage hiring
[14:32] {nemo} oh no...
[14:32] {Les} good soundbit
[14:32] {Les} soundbite
[14:33] {nemo} seed crashing
[14:33] {Threei} I can't make my choice between "no clue" and "I give up, I have no idea what to do"
[14:33] {ilana} isn't it the same?
[14:33] {Threei} well, have to describe that soundbite somehow
[14:34] {Threei} "someone do something!"
[14:34] {Threei} no news SEEF
[14:34] {Threei} SEED
[14:34] {dino} pretty basic what needs to be done
[14:34] {Threei} cut frigin taxes
[14:34] {Threei} create financial room for businesses to hire
[14:34] {nemo} anybody find it interesting that last week the fed talked about testing that reverse repo system, then Plosser talked about having to raise interest rates, then the leveraged etf's getting the leveraged pulled out of them
[14:35] {Threei} they are trying to jawbone the dollar
[14:35] {nemo} well #2 yes
[14:35] {nemo} numbers 1 and 3...something else
[14:35] {Threei} #1 too
[14:35] {Threei} sucking out liquidity
[14:35] {dino} right 3i
[14:36] {nemo} kinda' but, they start that, market goes down the sh%$!!er
[14:36] {Threei} yes,
[14:36] {nemo} and everybody hops on the leveraged shorts
[14:36] {Threei} so they are trying to do it sopftly,
[14:36] {Les} yeh but Obama needs to be elected when?
[14:36] {nemo} yeah, it's starting sooner than we think
[14:36] {Les} 2012?
[14:36] {nemo} 2012
[14:36] {Les} suck it out now
[14:36] {nemo} we'll all be dead
[14:36] {Les} reinject it 2011
[14:36] {nemo} right after election day
[14:36] {Threei} if jawboning succeeds, it will have much less effect than actrual implementation of measures
[14:37] {nemo} jawboning isn't working anymore, especially when you have multiple trillions to refinance
[14:37] {Les} so obama jawbones for the public
[14:37] {Threei} (US) Fed's Lacker: Looking for "well established" growth before tightening rates, real interest rates clearly need to rise
[14:37] {Threei} - Tightening is more about the expected pace of growth
[14:37] {Threei} - Exit strategy should start with asset sales
[14:37] {Threei} - Sees value in getting the Fed out of the housing market
[14:38] {Les} while the fed pulls the switch
[14:38] {Les} on this economy
[14:40] {fernp} im back. good day today?
[14:40] {fernp} scrolling up, I only see one official call on AIG
[14:40] {nemo} 4 for 4
[14:40] {fernp} nice
[14:40] {Threei} most of them were in running comentary
[14:41] {Threei} not leaving me time to type the script
[14:41] {fernp} i will read tonight
[14:42] {Les} WFC coming back to support
[14:42] {Les} that ugly handle qualify WFC as C&H?
[14:42] {nemo} crissakes Les, you see C&H in everything?
[14:43] {Les} belt up
[14:43] {Les} :) i mean that in a nice way
[14:43] {nemo} I don't take it that way
[14:43] {Les} WFC was rounding out its cup nicely. Wondering if handle is valid or is that too far removed from cup?
[14:44] {Les} it has bounced as Vad was looking for
[14:44] {nemo} Les...did I ever tell you about my Disgruntled Postal Worker Fantasy List?
[14:44] {Les} ain't I already on it?
[14:44] {nemo} nice one
[14:45] {nemo} actually no, as a Swiss citizen you are required by law to have an automatic weapon on the premises...I'll skip you
[14:45] {Threei} wrong sequence les
[14:45] {Threei} you don't get on that list
[14:45] {Threei} by default weveryone is on it,
[14:45] {Threei} you can either remain on it on get off of it
[14:45] {nemo} I thought that was DP's list?
[14:46] {Les} oh right I get it
[14:46] {Les} nemo is disgruntled postal worker
[14:46] {nemo} Actually Vad, if I do it that way, I'll have to get warheads
[14:46] {Les} lol
[14:46] {BillyD} notuse to GERN maintaining its gain
[14:47] {Les} sorry, office massacres not part of swiss culture. didn't understand the joke
[14:47] {Les} or should I take Nemo in all seriousness?
[14:48] {nemo} oh sorry, cross-cultural nuance
[14:48] {nemo} no...nobody else does
[14:49] {Threei} I don't believe GERN Billy
[14:49] {larisa} i try to see good in everybody.. you can train yourself to do that.. hard but possible
[14:49] {BillyD} too many memories vad
[14:49] {Threei} serial disappointer
[14:49] {nemo} Oh I see the good...then...I just ignore it
[14:50] {BillyD} yes, but if takes .20 with daily it is compelling
[14:50] {Threei} larisa... can I guess who you are having molst troubles with? {G}
[14:50] {nemo} sure
[14:50] {larisa} you will be wrong :)
[14:50] {nemo} who you talking to Larisa?
[14:51] {larisa} answering vad :)
[14:51] {nemo} mos very strong today
[14:53] {BillyD} unless SOMX gets electric shock, it's not gonna make an eod run
[14:53] {BillyD} it has pending FDA approval or disapproval for friday
[14:54] {dino} pot too
[14:55] {nemo} yeah
[14:58] {dino} mos
[14:58] {dino} whole group is running
[14:58] {nemo} mon related, been running for a month
[15:01] {nemo} mos momo
[15:10] {nemo} look at the day long downward wedge on fcx
[15:12] {Moose} no i'm not
[15:12] {Les} yes you are
[15:12] {Moose} heh
[15:13] {Les} hmm would like to short fcx overnight, but who knows where market is tomorrow?
[15:13] {nemo} you have a macd divergence les
[15:13] {BillyD} SQNM news Vad?
[15:13] {Threei} why woud tou want to keep it short overnight?
[15:14] {nemo} his middle name is Soros?
[15:14] {Threei} rumors Billy
[15:14] {Threei} Sequenom, Inc Ticking higher; hearing vague chatter company could announce a resolution to its mishandled test data issues from April
[15:14] {Threei} - Note: SQNM delayed launch of SEQureDx Trisomy 21 Test on 4/29 due to information an employee mishandled test data and results
[15:14] {BillyD} TY
[15:15] {Threei} keeping half eye on NANO
[15:16] {Threei} trying to see whether it has a chance to go alive again
[15:17] {ilana} .35 break?
[15:18] {Threei} I doubt it has any technicals behind it
[15:18] {Threei} until someone shows me how to use technicals on momos :)
[15:18] {nemo} np
[15:18] {BillyD} yeah, if anything I would take .30, pray and keep .10 stop
[15:18] {ilana} isn't it db on 5 in chart with resistance at .35?
[15:19] {nemo} throw out structure on momos ilana
[15:19] {Threei} it sure is... but the point is, they do not obey these formations
[15:20] {Threei} they are easily break, drop under support, spike over resistance and take your stops in all directions if you try to play standard formations
[15:20] {ilana} why is it momo
[15:20] {nemo} moves fast without technicals
[15:20] {nemo} gotta' read T&S
[15:21] {Threei} why does it become a momo, orhow to tell the momo?
[15:21] {nemo} why? what why?
[15:21] {ilana} you mean this morning?
[15:21] {Threei} yes
[15:24] {Threei} daily chart SQNM... 4.50 is important resistance to break
[15:24] {nemo} wow, yeah
[15:25] {nemo} lotta' confluence there
[15:27] {Threei} I like the chart,
[15:27] {Threei} I like the gaop above resistance to fill,
[15:27] {Threei} what I don't like is rumors-based movement
[15:27] {Threei} don't know guys, discretionary thing
[15:27] {Threei} you likey - tyou takie
[15:28] {nemo} at end of day no less
[15:28] {nemo} where's Mags?
[15:28] {Threei} well, it may come to break tomorrow
[15:28] {Threei} mags decided to sit out all momos
[15:28] {Threei} SEED yesterday, NANO today
[15:28] {Threei} then he will come and cry about nothing to ttrade
[15:29] {nemo} yeah...
[15:29] {nemo} whiney bastid
[15:29] {Threei} and I will secretlt send dino boxes of beer so he puts his elbow in mags rbicage on my behalf
[15:29] {Moose} geeze
[15:29] {nemo} I know I know
[15:29] {nemo} glass houses
[15:32] {nemo} every drunk and his uncle has to be looking at that fcx wedge
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 760M shares, about 17% below its three-month average; advancers lead decliners by 1.4:1.
[15:32] {Threei} - NASDAQ volume 1.74B shares, about 6% below its three-month average; advancers lead decliners by 1.4:1.
[15:32] {Threei} - VIX index -3.1% to just over 21.00
[15:34] {dino} i'll glady accept the beer vad
[15:34] {dino} magoo's still hunting, back friday
[15:34] {Threei} I know... beer AND pleasure of hitting magoo with elbow
[15:34] {dino} bwx
[15:34] {Threei} who could resist
[15:34] {nemo} not me
[15:35] {dino} won't be the first (or last) time
[15:35] {ilana} RIMM
[15:36] {nemo} look at Qs Ilana
[15:37] {ilana} i did
[15:37] {Threei} whe these momo movers finish this close to high, they usxusally gao up next day.. unless something bad hiots the wires overnight
[15:39] {Threei} notice interesting thing guys
[15:39] {Threei} remember how every day would end up with run to the dayu high?
[15:39] {Threei} second day in row today we finish with selloff
[15:40] {Threei} big or not, doesn't matter
[15:40] {Threei} it's a mood changer
[15:40] {larisa} 20 more minutes
[15:41] {Threei} yeah, range is narrow and we still could rally back up
[15:41] {nemo} upward wedge on aig top at 31.16 ramping from open
[15:41] {Threei} but doesn't dfeel like it's going to happen
[15:41] {Les} would like to see greater trend based mood change vad.
[15:41] {Threei} me too
[15:41] {Les} night all
[15:41] {nemo} digesting yesterday Vad
[15:42] {Threei} take care Les
[15:42] {dino} cya les
[15:42] {nemo} les ...
[15:43] {nemo} will still positive for the day
[15:47] {Threei} I can't resist the temtation
[15:47] {Moose} adios amigos
[15:47] {Threei} half lot of NANO
[15:47] {Threei} 13.05
[15:47] {Threei} stop under 12.80
[15:47] {Threei} and intend to hold it
[15:47] {Moose} see yous later
[15:47] {Threei} take vare moose
[15:48] {Threei} unless it goes back to day high today
[15:48] {ilana} overnight?
[15:48] {dino} cya moose
[15:50] {nemo} here's the rally
[15:50] {Threei} ummm
[15:50] {nemo} albeit tepid
[15:50] {Threei} modern rallies are degernerates then, lol
[15:51] {nemo} given the volume today
[15:56] {ilana} take care all
[15:56] {Threei} thank tou all
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {BillyD} cya
[15:56] {nemo} P&Q
[15:56] {larisa} bye :)
[15:57] {dino} cga
[15:57] {dino} cya larisa
[15:58] {larisa} bye dino, welcome back btw :)
[15:58] {dino} thx
[15:59] {dino} ut jst ave .69, -.06
[15:59] {dino} ut=out
[16:02] {dino} thx all, gn
[16:02] {dino} sigm drop

Labels: , , ,

Tuesday, December 1, 2009

Dec 01 2009

One of those days when things just don't work out. Well, not exactly, some trades work and some don't but at the end of the day stops still outweigh wins.

Session Time: Tue Dec 01 00:00:00 2009

[07:12] {Threei} 06:38 NVAX Piper Jaffray Initiates NVAX with Buy, price target: $4.50
[08:02] {Threei} SVA Obtains 4th order from Chineses Govt (7.40, 0.00, 0.00%)
[08:02] {Threei} SEED, ever the ball of fire
[08:16] {Threei} BLTXX Baltic Dry Bulk Index: falls just over 1% (8th straight decline
[08:17] {nemo} morning comrades
[08:21] {Threei} nemo :)
[08:21] {strider} FITB upgrade
[08:21] {Threei} 06:26 FITB CitiGroup Raised FITB to Buy from Hold, price target: $13
[08:21] {nemo} wow, Japan launched gold
[08:22] {Threei} another bubble in the making
[08:23] {nemo} Frankly, i think the world economy is a bubble in the making, and when it pops...well, I have no aphorism for it
[08:31] {Threei} and SEED continues
[08:31] {Moose} gm all
[08:31] {Threei} moose :)
[08:32] {Moose} :D
[08:32] {nemo} well, everything has jumped on the Japan news
[08:33] {Threei} CPST Signs $1.8 Million in New Long-Term Service Contracts; Service Backlog Increases to Over $17 Million (1.27, 0.00, 0.00%)
[08:34] {nemo} blast from...well...recent past...a whole $17 million
[08:35] {Threei} it used to be a player
[08:35] {Threei} now it's so pennyish
[08:35] {nemo} yep...had quite a run
[08:36] {strider} ovti
[08:37] {nemo} aig up almost $2
[08:38] {strider} IOC
[08:38] {nemo} Olympic Committee?
[08:39] {strider} Interoil corp
[08:39] {strider} morning nemo:)
[08:39] {nemo} yes...just playing my part..yuk yuk
[08:39] {nemo} strider :)
[08:39] {nemo} kinda' comes naturally, actually
[08:41] {strider} I figgered
[08:48] {ese} morning.........
[08:49] {nemo} dude
[08:49] {ese} dude
[08:50] {ese} hows the weather on the east coast nemo?
[08:51] {ese} stopped raining for the first time in a bloody month yesterday
[08:51] {ese} here
[08:51] {ese} started wishing for snow and sunshine
[08:52] {Threei} ese :)
[08:53] {ese} morning vad......almost a day without rain yesterday
[08:53] {Threei} actually, second in a row
[08:53] {Threei} my palm tree finally ca dry out a little
[08:54] {ese} not in oak bay.....we got drizzled in the morning
[08:54] {ese} didn't know you have a palm tree.....we got one too
[08:54] {Threei} well, we had such a fantastic stretch of a summer
[08:54] {Threei} payback was coming
[08:54] {ese} lol
[08:57] {Threei} btw ese, needham likes you
[08:57] {Threei} 06:39 ESE Needham Initiates ESE with Buy, price target: $38
[08:57] {ese} well how bout that........
[08:58] {ese} up .45 to boot
[08:59] {fernp} Good morning everybody
[08:59] {strider} morning all
[08:59] {Threei} fern, strider :)
[08:59] {Threei} fern, how was the movie?
[09:00] {strider} vad:)
[09:00] {ese} ST fern
[09:00] {fernp} I didn't like it
[09:00] {strider} ese:)
[09:00] {Threei} warned you... :)
[09:00] {fernp} was always the same...
[09:01] {ese} what was the movie
[09:02] {Threei} 2012
[09:02] {fernp} 2012
[09:02] {ese} hmmmmmmm
[09:05] {ese} don't forget to open up your trading advent calendars everyone.......should be a good trade or 2 in there today
[09:06] {fernp} Im long FITB from yesterday at 9.95
[09:06] {Threei} nice!
[09:06] {fernp} :-)
[09:06] {ese} i'm thinking hban or fitb
[09:06] {strider} good deal fern
[09:06] {Threei} you knew about Japan overnighjt announcement...
[09:06] {ese} nice one fern
[09:07] {ese} 60k fern?
[09:07] {fernp} 500
[09:07] {ese} haven't seen that yet vad....whats the announcement
[09:08] {Threei} essentially, they debase their currency in the same way US does
[09:09] {ese} hmmm hows that?
[09:09] {Threei} VNDA $200M payment triggered from Novartis due to anti trust approval for Fanapt
[09:09] {Threei} - waiting period has expired under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 wi... (10.56, 0.00, 0.00%) more... (related NVS )
[09:10] {Threei} the Bank of Japan emergency meeting resulted in a decision to print Yen in hopes of weakening it
[09:11] {nemo} that's the strategy, fiat world, get everybody to debase...screw the citizens, and pay your sovereign debts
[09:11] {ese} you following anything this morning vad
[09:11] {Threei} SEED
[09:11] {Threei} FITB
[09:11] {Threei} AIG
[09:11] {Threei} NVAX
[09:11] {ese} tks
[09:12] {Threei} keeping an eye on HIG, to see if it becomes a player again
[09:13] {ese} seed is very interesting......the news is not stellar.......whats driving that thing.....greed
[09:13] {BillyD} GM everyone
[09:13] {Threei} turned into toy for traders
[09:13] {Moose} seed greed
[09:13] {Threei} it's no longer about company
[09:13] {Threei} it's about who outsmarts who
[09:13] {nemo} nice moose
[09:13] {ese} billy
[09:14] {BillyD} true Vad
[09:14] {Moose} brb
[09:14] {ese} interesting way to look at that
[09:16] {larisa} gm
[09:16] {Threei} larisa :)
[09:17] {larisa} vad :)
[09:17] {nemo} lari :)
[09:17] {larisa} nemo :)
[09:17] {ese} laris
[09:18] {larisa} hi ese
[09:19] {Threei} SEED retreats
[09:20] {ese} things went negative all of a sudden.....what happened there
[09:20] {Threei} nothing really
[09:20] {Threei} just little pullback
[09:21] {ese} now that was interesting......screens are green.....then white to red...everything......
[09:22] {ese} now back to green
[09:22] {Threei} must be quotes fluke
[09:22] {Threei} nothing like that here
[09:22] {ese} or something....
[09:22] {lasertrev} morning
[09:23] {Threei} trev :)
[09:23] {ese} LT
[09:24] {BillyD} Vad, thinking possible QLTI continuation
[09:24] {BillyD} over 5
[09:25] {Threei} I'd like to see some consolidation first
[09:25] {Threei} need clearly defined stop level
[09:26] {BillyD} .90 would be from yesterday
[09:26] {BillyD} we'll see
[09:26] {Moose} AIG moose dropping
[09:26] {nemo} moose droppings?
[09:26] {Moose} slammed
[09:28] {Moose} nemo.. sorry, AIG dropped like .60 in a blink
[09:28] {Moose} or more
[09:28] {nemo} yes I seee...your phrasing caught me by surprise
[09:28] {Moose} lol
[09:29] {ese} i like that phrasing
[09:29] {fernp} at 10:00am a lot of numbers
[09:30] {Threei} 10:00 Nov ISM Manufacturing (last 55.7), Nov ISM Prices Paid (last 65), Oct Construction Spending m/m (last 0.8%), Oct Pending Home Sales (last m/m 6.1%, y/y 19.8%)
[09:31] {Threei} (UK) BOE's Posen: To use taxes to curb bubble in house prices; Targeting assets with monetary policy will not work
[09:31] {Threei} bubble in house prices?
[09:31] {nemo} they see bubbles everywhere
[09:32] {Threei} SEED, pullback should come now
[09:32] {Threei} AIG like a rock
[09:33] {Moose} thats Prudential :)
[09:33] {strider} long aig .13
06[09:33] * nemo slaps Moose around a bit with a large trout
[09:34] {nemo} nice strider
[09:34] {strider} fly on the wall reported an erroneous downgrade announced by CNBC
[09:35] {Threei} I hate to do it but
[09:35] {Threei} Long Setup: SEED .50 break
[09:35] {Threei} half ot
[09:35] {Threei} strop under .30
[09:36] {Threei} no worky
[09:36] {fernp} out
[09:36] {BillyD} it's deceiving Vad
[09:36] {Threei} still pullback stock, not a breakout
[09:36] {Threei} but really looked like this time was going to work
[09:37] {BillyD} agree
[09:37] {strider} seed out -.29
[09:38] {strider} AIG out +.67
[09:38] {ese} L rimm .96
[09:38] {Threei} nice AIG
[09:38] {strider} thanks.
[09:39] {Moose} geeze AIG nutzo
[09:40] {BillyD} look at the spike tails on SEED
[09:40] {BillyD} all over the plavce
[09:40] {nemo} look at the triangle on fcx
[09:41] {Threei} Short Setup: WFC 28 if stays under 28.10
[09:41] {ese} stopped rimm .84 -.12
[09:42] {ese} don't know how mags does it with that stock
[09:42] {Threei} NUVA... grrr
[09:43] {Threei} missed short alert earlier, just watching it dropping
[09:43] {nemo} frig...I had the support line break on that
[09:43] {BillyD} CAT short possibly
[09:44] {fernp} WFC still valid, no?
[09:44] {Threei} if bounces off 28 and stays under .10 this time, yes
[09:44] {fernp} ok
[09:44] {Threei} right away, not sure
[09:44] {Threei} can turn a trap easily
[09:46] {Threei} valid now
[09:46] {Threei} 28 break
[09:48] {Threei} Long Setup: RIMM59 break if holding above .90
[09:48] {Threei} Long Setup: RIMM 59 break if holding above .90
[09:49] {ese} l uaua pullback .02
[09:50] {strider} in .02
[09:50] {Moose} me too .02
[09:50] {Threei} RIMM 1:1
[09:51] {fernp} missed rimm
[09:51] {Moose} out RIMM +.10
[09:51] {Threei} WFC stopped
[09:51] {fernp} and stopped WFC
[09:52] {strider} out RIMM +.11
[09:53] {Moose} guess we were too hasty on exit
[09:54] {strider} I sure was.
[09:54] {ese} no....that thing reverses in a heart beat
[09:54] {strider} on RIMM
[09:55] {Threei} watching HIG for pullback with possible entry around .60
[09:56] {Threei} will try to alert in time, keep finger on the trigger if it drops close to .60
[09:57] {Threei} break of .75 is a valid trade if market spikes... just not what worked on HIG lately
[09:57] {strider} numbers may affect it.....2 minutes.
[09:58] {Threei} yeah
[09:58] {Threei} let's wait them out
[09:58] {Threei} ty for reminder
[09:58] {strider} :)
[10:00] {Threei} *OCT PENDING HOME SALES (M/M): +3.7% V -1.0%E; (Y/Y): +28.6% V 19.8% PRIOR
[10:00] {Threei} NOV ISM MANUFACTURING INDEX: 53.6 V 55.0E; PRICES PAID: 55.0 V 65.0E
[10:00] {Threei} OCT CONSTRUCTION SPENDING (M/M): 0.0% V -0.5%E
[10:01] {ese} uaua fighting market reversal.....i like that in a stock....
[10:01] {Threei} weird reaction
[10:01] {Threei} hesitated on HIG .60 entry because of it
[10:02] {Threei} look at the precision of bounce
[10:02] {fernp} LOW consolidating hod
[10:02] {nemo} how's the shoulder
[10:02] {Threei} useless
[10:02] {strider} out HIG +.10
[10:02] {Threei} if I bought it... would be different matter
[10:03] {Threei} lol... good job
06[10:03] * nemo slaps strider around a bit with a large roll of cash
[10:03] {strider} in at .63 as numbers were being read.
[10:03] {strider} yeah I made a pile on that.......1/4 lot.
[10:03] {nemo} don't forget aig
[10:03] {Threei} so as I was out of commission copying and pasting them...
[10:04] {nemo} yeah, strideball took advantage...profit sharing time
[10:04] {Threei} HIG is holdiong vert well near .75 so far
[10:04] {strider} 1/4 lot there, too.....but I'm back in the green anyway.
[10:04] {Threei} better than poke in the eye
[10:04] {strider} absolutely.
[10:04] {ese} uaua stop is .97
[10:05] {nemo} Who was that king that got killed jousting when he got a Lance in the eye?
[10:05] {nemo} Henry II?
[10:06] {strider} yes.
[10:06] {Moose} extra eye very handy
[10:08] {BillyD} OPTT
[10:10] {strider} AMZN wacko today...
[10:12] {ese} stopped uaua .98 -.05
[10:12] {nemo} tricky tuesday
[10:12] {ese} soooooooo it's gonna be one of those type of days is it
[10:15] {fernp} and WFC aggressivily short here, Vad?
[10:15] {Threei} really looks like short to me
[10:16] {Threei} but these market jumps are ruining norla setups
[10:16] {nemo} it's a conspiracy
[10:16] {Threei} lol
[10:16] {Threei} must be
[10:17] {Moose} AIG scalpie +.08
[10:18] {ese} beginning of the "seed slide maybe
[10:18] {Moose} AIG active again
[10:20] {ese} uaua....hense the reason for well placed stops
[10:22] {fernp} shorted a ridiculous lot at 27.98 and covering here +.10
[10:23] {Threei} ridiculous lot - 13 shares?
[10:23] {nemo} ridiculously big, or ridiculously small?
[10:24] {fernp} 100
[10:24] {ese} what did you short fern?
[10:24] {fernp} wfc
[10:25] {Threei} sheesh... is it a dream or wat
[10:25] {Threei} AIG breakout worked
[10:26] {Threei} this is something I haven;t seen in quite a while
[10:26] {Threei} didn't want even to think of calling it
[10:26] {Moose} i walked away and missed it
[10:26] {ese} hig vad ...thoughts any
[10:27] {BillyD} I got 200 shares of AIG .51 and sold .65 & .68
[10:27] {ese} nice billy
[10:27] {BillyD} yes, but my stops at larger shares :)
[10:27] {BillyD} ty though
[10:28] {Threei} wtg Billy
[10:28] {fernp} gj Billy
[10:28] {BillyD} thx
[10:28] {strider} vad, OVTI?
[10:29] {Threei} thinking .40 break?
[10:29] {strider} actually thinking bear flag and short
[10:30] {Threei} .35 breakdown then
[10:30] {Threei} if stays under .40
[10:30] {strider} thx
[10:30] {ese} l hig .69
[10:30] {Threei} FITB
[10:30] {Threei} Long Setup: FITB .15 break if stays above .10
[10:32] {nemo} in
[10:32] {strider} in .16
[10:32] {strider} should have waited.
[10:33] {nemo} aig, sheesh
[10:33] {Moose} yeah
[10:33] {Moose} was just on CNBC
[10:33] {nemo} what
[10:33] {Moose} AIG
[10:33] {nemo} oh
[10:34] {Moose} mentioned that AIG had payed back money prior to spin off or something
[10:34] {nemo} the energy trading part?
[10:34] {Moose} no clue
[10:34] {Moose} CNBC is mostly noise to me
[10:35] {Moose} and annoying
[10:35] {nemo} now fitb is trading by appointment
[10:37] {Threei} it usually is
[10:37] {Threei} it's not AIG by any means
[10:37] {nemo} where's ese on this one?
[10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33
[10:40] {ese} ya know what....what the H am i thinking today....out hig .71 +.02
[10:41] {ese} i have .11 in hig and i let it ride....i have to be out of my friggin mind
[10:41] {ese} watching it go up and dn
[10:42] {Moose} another AIG scalp +.13
[10:42] {ese} done for the day all until i get my act together
[10:42] {Threei} I have to aree with magoo... AIG looks capable of big run
[10:42] {nemo} magoo's not here, Vad
[10:42] {ese} just watchin from here on in..........destructive thought process goin on
[10:43] {Threei} 10:39] {Threei} well, if magoo were here he would proclaim AIG a momo and assign a price of, let's say 33
[10:43] {nemo} out fitb vad?
[10:43] {Threei} if loses .10
[10:45] {Moose} beginning to think waiting on AIG pullback is fruitless
[10:45] {fernp} was thinking the same...
[10:51] {Threei} Short Setup: GLD 117 break
[10:51] {Threei} half lot
[10:51] {Threei} if stays under .10
[10:51] {Threei} actually... stop is small enough for full lot
[10:51] {Threei} sme slippage is possible though
[10:51] {Threei} so 3/4 lot
[10:52] {Threei} aggressive entry maybe better idea
[10:53] {strider} with aggressive entry is stop still at .10?
[10:53] {Threei} a few cents above
[10:55] {ese} more like it in and out rimm .89 to .99
[10:55] {ese} 4k
[10:55] {Threei} gj
[10:55] {Threei} ese taming RIMM
[10:55] {fernp} stopped GLD
[10:56] {fernp} took aggressive entry
[10:56] {ese} naw that was an angry trade.....really ticked at myself for bit this morning
[10:56] {Threei} was wrth a try for a few cents
[10:56] {nemo} yeah, but great setup
[10:56] {ilana} it's time to say it, Vad
[10:57] {Threei} say what?
[10:57] {ilana} "I hate GLD"
[10:57] {Threei} oh
[10:57] {Threei} okay... I do
[10:57] {Threei} but I have hard time finding what I like today, lol
[10:58] {nemo} or what likes you
[10:58] {Threei} that's easy
[10:58] {nemo} sorry
[10:58] {Threei} lol
[10:58] {nemo} well, not really
[10:58] {Threei} very... answer is, not much at best
[10:58] {nemo} doesn't say much for me then :)
[10:59] {Threei} AIG picks up pace again
[11:00] {Threei} shouldn't break this time...
[11:01] {Threei} let's see if we get double top with readable short trigger
[11:01] {Threei} on AIG
[11:01] {nemo} might it take fitb with it?
[11:02] {Threei} I don't think they are connected much
[11:03] {Threei} sigh
[11:03] {Threei} double top and drop is there, trigger is not
[11:05] {BillyD} keep eye on ASIA
[11:05] {ese} l hban .78
[11:07] {ese} l drys avg .23
[11:09] {nemo} DE Vad?
[11:09] {Threei} looks like short to me
[11:09] {Threei} but for some reason everything looks like short to me
[11:10] {BillyD} how tall are you Vad
[11:10] {nemo} fitb didn't
[11:10] {strider} did you grow taller last night?
[11:10] {nemo} hehehehe
[11:11] {Threei} sigh... how did I get myself in this company, lol
[11:11] {Threei} OK, AIG
[11:11] {Threei} if moves somewhere in .60 area, will become a short on bounce
[11:12] {Threei} stop would have to be above .80
[11:12] {nemo} fitb trying for a quasimodo
[11:14] {Threei} {FITB} you... you...
[11:15] {Threei} youy know what
[11:15] {Threei} AIG changed
[11:15] {Threei} .50 break is long trigger
[11:15] {Threei} if stays above .35
[11:15] {Threei} and risky as hell
[11:15] {nemo} magoo's in
[11:15] {Threei} like 5 times already
[11:16] {nemo} yeah...he must be hunting
[11:17] {nemo} DE long here? .10 break, stays above 54?
[11:17] {Threei} probaly
[11:18] {Threei} .09 is nice barrier
[11:18] {Threei} if broken, ashould jump
[11:19] {Threei} jumped
[11:19] {nemo} got buy me and I was order at .12
[11:19] {nemo} bohica
[11:20] {BillyD} same here newmo
[11:20] {fernp} didn't get my fill at .12 DE
[11:20] {nemo} nemo or newman?
[11:20] {BillyD} no, it's newmo
[11:20] {nemo} I feel better, we're all fubar
[11:20] {nemo} great
[11:20] {BillyD} :)
[11:21] {Threei} I got lousy 200 shares at .11
[11:22] {strider} AIG
[11:22] {nemo} I got zero shares at .12
[11:23] {fernp} and what is your stop nemo? lol
06[11:23] * nemo slaps fernp around a bit with a large a box of Techniques of Tape Reading
[11:23] {strider} remember. Let you're winners run.
[11:23] {strider} your
[11:25] {strider} AIG looks like a short, but I don't believe it.
[11:27] {nemo} ty fitb
[11:28] {Threei} {FITB} and you called me ugly
[11:28] {ese} 1/2 out hban .83 +.05
[11:28] {ese} that red candle there is me i guess knocking it dn
[11:29] {strider} OK so that's not the most right I've ever been. AIG
[11:30] {Threei} this I hate
[11:30] {nemo} what now
[11:30] {Threei} to get right read on something, and never find entry
[11:30] {Threei} AIG double top
[11:31] {strider} then a cup and handle...20 break.
[11:31] {strider} .20
[11:33] {ese} out in full hban .81 +.03
[11:34] {larisa} AIG it was actually not double but 4th top try. why did you think it will not break 31.80 ?
[11:34] {strider} ese, your broker must love you.
[11:34] {Threei} second test was on lower volume
[11:34] {Threei} and overall felt like fizzling out
[11:37] {ese} definitely
[11:38] {ese} skys the limit for drys if it can solidly get past .25
[11:39] {ese} eventual plan is to get with vads broker
[11:41] {strider} AMZN read, vad?
[11:41] {Threei} not much here
[11:41] {Threei} I am useless today, ain't I
[11:42] {ese} auch du miya......drys.....get up there
[11:42] {Threei} severe lack of sleep
[11:42] {strider} why don't you just go..............oh, never mind. Nemo says you can't.
[11:42] {Threei} full moon... for some reason I can'rt sleep on these nights
[11:42] {Threei} not that I have anything wereworfy in me
[11:44] {BillyD} go see Twilight late night if can't sllep
[11:44] {BillyD} sllep
[11:44] {BillyD} sleep
[11:45] {ese} no sllep is the word......we have our own language here.....we understand that
[11:45] {Threei} lol
[11:45] {BillyD} lol
[11:45] {strider} Vadish?
[11:45] {nemo} Threeish
[11:47] {ese} look at that sloth uaua........hits me for a stop and then what........sheesh
[11:49] {ese} the same with rimm.........if it wasn't for my ahhhhhhh big deal theres jore where that came from attitude.........i'd be pulling my hair out......and definitely breaking into vads vodka cabinet
[11:50] {ese} jore.........hmmmmmmm ya that works
[11:51] {nemo} glad I took the fitb scalp
[11:51] {Threei} yeah, water torture
[11:51] {nemo} in more ways than one, trying to wait that out got painful
[11:51] {ese} what did you take it for nemo?
[11:51] {nemo} got in at .15 out at 20
[11:52] {ese} nice.......huge lot
[11:52] {ese} 20k or so?
[11:52] {nemo} no ese, I trade small
[11:53] {ese} this is an ok thing......
[11:53] {strider} AIG long at .40 break?
[11:54] {Threei} getting interested
[11:54] {nemo} .25 stop
[11:54] {Threei} why not
[11:54] {strider} conservative eentry for me.
[11:55] {nemo} lunch time
[11:59] {strider} AIG gonna d**k around for awhile, imo
[12:00] {nemo} lunch time
[12:01] {Threei} JCI to Supply the Battery for Transit Connect Electric Vehicle
[12:02] {Threei} Market Internals update at 12:00pmET
[12:02] {Threei} - NYSE volume 415M shares, about 15% below its three-month average; advancers lead decliners by 5.2:1.
[12:02] {Threei} - NASDAQ volume 920M shares, about 7% below its three-month average; advancers lead decliners by 2.3:1.
[12:02] {Threei} - VIX index -9% to just under 22.50
[12:03] {fernp} I've saw the pic of your desk, Vad
[12:03] {fernp} a bit cluttered, no? :-)
[12:03] {nemo} sign of a brilliant mind
[12:03] {Threei} I guess
[12:04] {fernp} have you ever upload to the blog, the picture that you have hanged at the top right on your wall?. seems nice
[12:04] {Threei} taje certain effort to fend off attempts to "clean it"
[12:04] {Threei} I think so
[12:05] {Threei} yup
[12:05] {Threei}
[12:05] {fernp} yes, very nice
[12:05] {Moose} Buchart Gardens
[12:05] {Threei} ty
[12:05] {Moose} nice
[12:05] {strider} AIG ...crap
[12:05] {BillyD} GSIT fiesty
[12:06] {Threei} ultgra wide angle lens creates these amazing sweeping landscapes
[12:06] {Threei} AIG 1:3
[12:07] {fernp} missed AIG call
[12:07] {strider} Didn't trust my own idea.
[12:07] {strider} for conservative entry.. was perfect.
[12:07] {strider} sigh.
[12:09] {nemo} gold about to break 1200
[12:10] {strider} must be time to short.
[12:10] {Threei} watch for pullback toward .55-.60 AIG, strider
[12:10] {Threei} will be an entry candidate there again
[12:10] {strider} k
[12:11] {nemo} actually, 1200 might be the catalyst for the next leg up
[12:12] {ilana} RIMM break?
[12:13] {Threei} .45 brteak if market helps, yes
[12:14] {Threei} AIG is getting there
[12:19] {Threei} keep AIG stop under .50 for scalpers
[12:20] {Threei} day traders too actually
[12:20] {Threei} US) Fed's Plosser: Fed needs to raise rates to protect its credibility and prices
[12:20] {Threei} hmmm
[12:20] {nemo} what credibility?
[12:21] {Threei} such remark casn send market down a lot of points
[12:21] {Threei} especially if there is a timeline attached to it
[12:21] {Threei} but we can only dream
[12:21] {Threei} - May need higher rates before unemployment returns to appropriate levels
[12:21] {Threei} - Economy is in recovery, expects to see 3% GDP growth over next two years.
[12:21] {Threei} - Housing is stable but risks remain in commercial real estate
[12:22] {strider} long .52 AIG
[12:22] {Threei} well, with 3 cents stop you are already over 1:2
[12:22] {Threei} lol
[12:22] {Threei} 1:3
[12:25] {strider} out +.12
[12:26] {Threei} nice and easy
[12:26] {Threei} wuth ridiculously small risak
[12:26] {Threei} wtg
[12:26] {strider} :)
[12:27] {strider} Now if I can just develop the stomach for hanging on a little longer.
[12:27] {Threei} there is a time for everything
[12:27] {strider} Even fruit cake?
[12:28] {Threei} only with some grinded meat in it
[12:28] {strider} BECN
[12:28] {Threei} ground?
[12:29] {strider} yeah
[12:29] {Threei} nah
[12:29] {Threei} I like grinded
[12:29] {strider} whatever.
[12:32] {strider} DRYS moving up nicely. Against the Baltic dry index.
[12:36] {ese} ya......all 12 dry bulk carriers that i follow are up
[12:36] {ese} if drys manages to get an oil drilling contract before the end of this month it will spike up......
[12:37] {ese} they were shooting for a couple......whether that happens or not...who knows
[12:37] {strider} thx for info.
[12:38] {strider} Guess I need to read up on my swing trades.
[12:38] {strider} PEIX rides again.
[12:40] {Threei} (IA) Iranian Oil Minister: Oil exports may be halted if embargo continues (related USO UNG )
[12:41] {BillyD} RIMM may go if holds .40 and takes .50
[12:41] {BillyD} then again, b/o at lunch
[12:42] {nemo} yep, aig did,but it's a momo today
[12:43] {nemo} volume looking right on rimm though
[12:43] {nemo} big offer .50
[12:43] {Threei} looks very tempting
[12:44] {nemo} yeah, which means somebody paranoid?
[12:44] {Threei} yes but it doesn't mean they are not after you
[12:45] {nemo} high is .52
[12:47] {nemo} frig
[12:48] {nemo} didn't get fill
[12:48] {Threei} you are kidding
[12:48] {nemo} no
[12:48] {Threei} that was easy in
[12:48] {nemo} too tight at .41
[12:48] {nemo} .51
[12:48] {Threei} half out
[12:49] {BillyD} full out
[12:49] {Threei} Ilana is over 1:1 solidly if took .45 entry
[12:49] {Threei} full out now
[12:49] {fernp} neither me, i tried .52 but not filled
[12:49] {Threei} you guys don't do the hover trick
[12:49] {BillyD} got it at .50
[12:49] {Threei} me too
[12:49] {Threei} grabbed last shares, literallyt
[12:49] {strider} {-------------oh ye of little faith.
[12:50] {nemo} what's that...depress the buy button, but don't release, and then move it off the button if it doesn't trip?
[12:50] {Threei} right
[12:51] {BillyD} CLWT, can't find entry on it
[13:00] {nemo} what's cat going to do from here?
[13:02] {Threei} drop
[13:02] {BillyD} I don't think that
[13:02] {BillyD} hehe
[13:03] {Threei} no but I can answer without thinking {G}
[13:03] {BillyD} :)
[13:03] {nemo} comes naturally to him
[13:07] {BillyD} would like for ASIA to consolidate here
[13:07] {strider} kind of like Europe?
[13:07] {nemo} oy
[13:08] {larisa} lol
[13:08] {ilana} CHINA is better
[13:08] {BillyD} good one S
[13:08] {Threei} not all ASIA thinks so
[13:09] {strider} heck with em...shove it down their throats...they'll get used to it.
[13:10] {Threei} boy I can't wait for magoo to return from hunting and see moose next to him
[13:10] {BillyD} slap happy
[13:10] {Threei} I swear he will think it's a practical joke on him
[13:11] {strider} Now if magoo is here but Moose is gone...........
[13:12] {Threei} if only pterodactyl started with d, we would get dino too
[13:12] {nemo} you have too much time on our hans
[13:13] {nemo} hands
[13:13] {larisa} this is too funny
[13:13] {nemo} so much for cat going down
[13:13] {Threei} which part?
[13:13] {BillyD} unless your Moose Larisa
[13:14] {larisa} true :)
[13:14] {Threei} (US) Los Angeles Mayor announces electric car incentives; to help upgrade 400 charging stations and build 100 more (related JCI AONE CARBX )
[13:14] {Threei} didn't AONE lose those contracts?
[13:14] {strider} It looks pretty happy today.
[13:16] {Threei} TM Reports Nov US vehicle sales +11.5% (unadjusted) v +4.5%e (adj) at 133K units
[13:17] {nemo} nuva almost completely recovered
[13:17] {larisa} Moose needs to change nick to Mousse, sounds kinda the same, but magoo will never guess :)
[13:17] {larisa} was just looking at NUVA
[13:17] {Threei} let's see if AUDC finds new interest at some point
[13:17] {Threei} news earlier
[13:17] {Threei} AUDC Hearing positive chatter circulating on prospects for Audiocodes newest VoIP product to be included in the Apple iPhone or other smartphone products
[13:17] {Threei} - speculation is based on AudioCodes release of a new VoIP mobile access solution this morning
[13:21] {BillyD} AMZN
[13:21] {nemo} yeah...nuts today
[13:21] {BillyD} it's on a good run
[13:23] {ese} outa here.....concert at the Bay Center here in Victoria.......commin Vad?
[13:24] {ese} pick ya up on the way......ehhhhhhh?
[13:24] {Threei} on the way?? :)
[13:24] {Threei} it would be like 15 km hook for you, lol
[13:24] {ese} thought you'd pick up on that one
[13:24] {ese} that got your attention
[13:24] {Threei} take care, see you tomorrow :)
[13:25] {ese} ya.......a mere 15 to 20 k detour
[13:25] {BillyD} cya ese
[13:25] {ese} whats distance among friends
[13:25] {ese} cya
[13:25] {strider} missed a good AIG setup
[13:29] {Threei} .50 break?
[13:29] {strider} .45
[13:30] {strider} little inverse h&s pattern
[13:31] {strider} Actually I guess .48 would have been the technical break.
[13:36] {strider} bounced off .45 again.
[13:37] {Les} howdy
[13:37] {Les} AWIAV?
[13:37] {fernp} nope
[13:38] {strider} what is AWOA
[13:38] {strider} AWIAV
[13:39] {nemo} Are We In Anything Vad
[13:39] {Threei} hi les
[13:39] {strider} ah
[13:40] {Les} last minute work with landscapers for the year. Snow threatening these last 24 hours
[13:41] {Les} SEED is a little eveready bunny, just keeps on going
[13:41] {Threei} so is AIG
[13:43] {Threei} Short Setup: AIG .50 break
[13:43] {Threei} stop above .60 for scalpers
[13:43] {Threei} .65 for day traders
[13:44] {Threei} Fed's Plosser: recent drop in the USD reflects the unwinding of a "flight to safety" trade; recent drop must be seen in the context of the dollar's rise during the financial crisis
[13:45] {Threei} what a convoluted explanation
[13:45] {strider} in
[13:45] {nemo} yeah...taurine excrement
[13:45] {Les} well I'm impressed. I imagine the average punter is too.
[13:46] {Threei} NSANY Reports Nov US vehicle sales +30% v +8.5%e (adj) (15.10, +0.67, 4.64%)
[13:46] {Threei} wow Nissan
[13:47] {Threei} I picked right car manufacturer
[13:50] {Threei} come on market, time for little pullback
[13:50] {Threei} don't ya think
[13:51] {nemo} well, if this works, first stop should be 31, and then 30.75
[13:52] {nemo} you've got support and the 200 ma just under .50
[13:52] {larisa} AIG is just angry with you, you compared it to a bunny :)
[13:52] {ilana} what was the setup, vad?
[13:52] {Threei} .50 break
[13:52] {ilana} yeah, but why?
[13:52] {strider} out -.13
[13:52] {Threei} break of support
[13:53] {Threei} lower high
[13:53] {Threei} market reversing
[13:53] {ilana} didn't consolidate
[13:54] {Threei} stayed under .65 long enough to validate a break
[13:54] {ilana} oh ok
[13:56] {ilana} i officially declare " I hate AIG"
[13:58] {Les} ilaanaaa.
[13:59] {Threei} that sounds Estonian
[13:59] {Les} let's call it "lunchtime misdemeanour"
[14:00] {Threei} die mrket
[14:00] {ilana} it's not this time only
[14:00] {Threei} die AIG
[14:00] {strider} are you still in AIG?
[14:00] {Threei} yeah
[14:02] {Threei} Fed Discount Meeting Minutes: Bankers are seeing positive economic growth trends; accomodative policy still appropriate
[14:02] {Threei} - inflation expectations currently at modest levels
[14:02] {Threei} - have not seen evidence that foreshadows a decline in excess capacity
[14:04] {nemo} was looking at rimm break of .65 short,,what a trap
[14:05] {Threei} out AIG
[14:05] {fernp} stopped
[14:07] {fernp} my day is over. Tomorrow will be better (I hope) :-)
[14:07] {fernp} Have a nice evening everybody. See you all tomorrow.
[14:07] {Threei} take care fern
[14:07] {Threei} you know it wikll
[14:07] {Threei} not a first time
[14:07] {fernp} yeah
[14:08] {nemo} pru...I'd say short, but...
[14:10] {strider} I'm out here too...see you in the morning.
[14:10] {Threei} take care strider
[14:10] {strider} you too...
[14:11] {ilana} WFC
[14:11] {ilana} which way?
[14:11] {Threei} no setup either way
[14:11] {Threei} toss a coin
[14:12] {fernp} before I go, some pics of my desk:
[14:12] {fernp}
[14:13] {fernp}
[14:13] {fernp} the last one
[14:13] {fernp} see you :-)
[14:13] {Threei} that's scary clean desk
[14:13] {ilana} lol
[14:14] {ilana} can you find anythig in there?
[14:14] {fernp} lol
[14:14] {BillyD} my kind of desk fern....well mine a little messier
[14:15] {Threei} mine stays in such state for a few hours after major cleanup
[14:18] {Threei} IA) Iran Pres Ahmadinejad: There is no need for more nuclear talks; the issue is 'resolved'
[14:19] {nemo} well, pru idea was good
[14:20] {Les} CLEAN! that ain't clean. this is clean.
[14:20] {Les} maybe unhealthily clean, but I'm not willing to admit it
[14:21] {Threei} ok, this is sick
[14:21] {ilana} you just admitted it
[14:21] {Les} it's my wife's influence
[14:21] {Les} I once used to be like Vad
[14:22] {Threei} you don't "used to be like this"
[14:22] {Threei} you come to it through years of fighting
[14:22] {Threei} for your independence
[14:22] {Threei} liberty
[14:22] {nemo} yeah, he's whipped
[14:22] {Threei} right to stay messy
[14:22] {ilana} don't give up, Vad
[14:22] {Threei} never
[14:22] {Threei} I won the right to have desk like this over decades
[14:23] {nemo} Remember...if it weren't for THEM, we'd still be in The Garden of Eden
[14:23] {ilana} yeah yeah yeah
[14:23] {nemo} yeah the story leaves out what Eve actually said to Adam
[14:24] {Les} Vad - dcc
[14:24] {ilana} how would you know if it left out
[14:25] {nemo} I have connections
[14:25] {ilana} and?
[14:25] {nemo} "you don't eat this, you don't get this. Get it?"
[14:25] {Moose} and AIG again making new highs
[14:26] {Les} lol Nemo!
[14:26] {nemo} hig flirting w new highs
[14:26] {nemo} Plu cest change plu cest le meme chose, Les
[14:27] {Raven} sigh
[14:27] {nemo} amazing what it takes to get him to pipe up
[14:28] {Raven} ---{}---
[14:29] {nemo} ahhh...Raven......what exactly is that supposed to represent?
[14:29] {Raven} I cannot reveal such thangs
[14:30] {Threei} AIG gears up for 32 and above
[14:31] {Threei} US) Senator Baucus (D-MT): Costs for the pharmaceutical industry could be more under healthcare reform, discussions are ongoing
[14:32] {Threei} BCRX Ticking higher; JMP securities making positive comments on yesterday's Japanese approval of peramivir
[14:33] {nemo} SEED huge volume and small range today
[14:33] {Threei} SEED actually looks like ready to reverse
[14:34] {Threei} if doesn't lose 14 anymore and breaks this .07 - .08 level
[14:48] {Threei} HEAT lost its mind again
[14:48] {Les} Wow, RIMM's been playing some lovely breakout setups today
[14:49] {BillyD} bye all, gott a go, have a good one
[14:49] {Threei} look at AIG
[14:49] {nemo} ig tankr
[14:49] {larisa} bye BIlly
[14:50] {Threei} take care billy
[14:50] {Moose} cliff diving
[14:50] {Les} billy
[14:50] {Threei} piece of crap... this is what it had to do before stopping us out
[14:50] {Les} would have been nice
[14:53] {Threei} jeez
[14:53] {Les} talk about the nuclear option
[15:02] {larisa} .
[15:03] {Les} what was the score for the day Vad? Opening provide good opportunities today?
[15:03] {Les} what is the score
[15:03] {Threei} not really
[15:03] {Threei} slightly down
[15:03] {Les} what? stops taken?
[15:04] {Threei} how else you find yourself down?
[15:04] {Les} thought you meant market opening.
[15:04] {Les} i can see that is down
[15:05] {Les} ok. well with that cheery note I will hit the sack. got more garden work waiting for me tomorrow. 3 degrees outside. yuk
[15:06] {Threei} yuk is right
[15:07] {Threei} AIG just as fast in another direction now
[15:07] {Threei} what the deuce
[15:12] {ilana} RIMM .30 break?
[15:13] {ilana} with market's help
[15:13] {Threei} if OK with stop under .15
[15:13] {ilana} wow, wide...
[15:14] {Threei} that's closest support
[15:28] {nemo} cat vad
[15:28] {Threei} ?
[15:28] {nemo} dancing along support
[15:30] {ilana} is there a volume at all?
[15:31] {Threei} not much
[15:33] {ilana} did you take it nemo?
[15:34] {nemo} no I didn't
[15:38] {Threei} Long Setup: FAZ .60 break
[15:39] {Threei} if stays above .55
[15:41] {nemo} in and out
[15:42] {Threei} ?
[15:42] {Threei} did it ever trigger?
[15:42] {nemo} yes, I got a print
[15:42] {Threei} I haven't seen offer going above .60
[15:42] {ilana} i think there was .61
[15:42] {nemo} yes
[15:43] {Threei} I blinked then
[15:43] {nemo} my reflexes are great on stops
[15:50] {ilana} FAZ is going nuts, against the market
[15:50] {nemo} faz is financials it should
[15:50] {Threei} it always is
[15:51] {Threei} it's a short ETF
[15:51] {ilana} oh
[15:51] {Moose} inverse of FAZ is FAS
[15:51] {ilana} i thought FAS is
[15:51] {ilana} oh ok :)
[15:51] {Moose} FAS is bull
[15:53] {Moose} btw... new margins going into effect for leverged ETFs... 3x (like FAS FAZ) will be something like 80 or 90%
[15:53] {Threei} not very happy with today
[15:54] {Threei} a few too many stops, a few too few wins
[15:55] {ilana} there must be these days sometimes
[15:55] {nemo} once every week or two
[15:55] {Threei} yeah
[15:56] {Threei} just stating the fact that this was one of them
[15:56] {ilana} gn, see you tomorrow
[15:56] {Threei} take care ilana
[15:57] {Moose} me too... adios all
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {larisa} bye all!
[15:57] {nemo} c u
[15:58] {larisa} a lot of selling on AAPL. First to reverse and take market with it ? :)
[15:58] {Threei} hopefully
[15:58] {Threei} we should get some selling some day, no??
[15:58] {Threei} really becomes very hard to squeeze something
[16:01] {Threei} AAPL Hearing recent weakness being attributed to rumor of potential partnership with T-Mobile

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