RealityTrader Trading Log

Friday, January 29, 2010

Jan 29 2010

Profitable end to the week, with early long on WFC and a few trades on both sides later on. Still somewhat unusual number of invalidated trades, but those don't bother me all that much since they don't cost us a cent.

Session Time: Fri Jan 29 00:00:00 2010

[07:54] {_moeberry} Gm everyone
[07:54] {nemo} do I have to be nice Vad?
[07:55] {_moeberry} Hey, who makes the calls here?
[07:56] {Threei} Good morning
[07:56] {nemo} Vad is chief caller...different styles exist in this room, you see someone make a call, you like the trade, you take it
[07:56] {Threei} nice? you?
[07:56] {Threei} I'd be scarred for life if I ever saw that
[07:57] {nemo} so, shoul I wait on the trouting?
[07:57] {Threei} what am I, your dad?
[07:57] {Threei} do whatever you please, and leave it to me to decide when you crossed the line so I could kick you out
[07:59] {nemo} great...leaves me a lot of latitude
[08:03] {Les} be nice nemo
[08:04] {Les} good afternoon _moe
[08:04] {Les} hey vad
[08:04] {_moeberry} Gm Les
[08:04] {nemo} hi moeberry
[08:05] {_moeberry} Hi nemo
[08:05] {_moeberry} how are you
[08:05] {Threei} hi Les
[08:05] {nemo} another day in paradise
[08:05] {nemo} as long as I take my meds
[08:05] {Threei} [08:03] {Les} be nice nemo {--- why, Les? was anyone nice to you ate the beginning??
[08:05] {Threei} at
[08:06] {Les} never to late to change this mad house
[08:06] {Les} too
[08:06] {Les} I'm only nice cause I don't have Mirc, otherwise I'd be slapping everyone too
[08:07] {nemo} send me the ticke vad
[08:07] {nemo} ticket
[08:07] {Threei} ticket?
[08:07] {nemo} to Switzerland
[08:08] {Threei} AMZN Price Target raised to $160 from $150 at Jefferies, maintains Buy rating
[08:08] {nemo} yeah, and it's not moving in the pre market
[08:09] {Threei} well, whatever analysts say, AMZN will be imacted by AAPL's tablet launch
[08:09] {Threei} the scope of this influence is to be seen yet
[08:11] {Les} They'd never let you in the country Nemo
[08:11] {nemo} they have many times before
[08:12] {Les} MAT coming down after its decent earnings report
[08:12] {Threei} (US) Preview: Q4 Employment Cost Index expected at 8:30am
[08:12] {Threei} - consensus expectations at 0.4%e v 0.4% prior
[08:12] {Threei} 08:11 (US) Preview: Q4 Advanced GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:12] {Threei} US) Preview: Q4 Advance GDP Annualized and Personal Consumption due at 8:30 a
[08:13] {Les} employment cost index? they talking about wage inflation?
[08:14] {Threei} poractically yes
[08:19] {Les} seeking alpha didn't offer much in the way of pre market interest. anything on your list today vad?
[08:20] {Threei} not yet, failry quiet morning
[08:20] {Threei} but I promise to share when I see something
[08:21] {Les} :)
[08:23] {Les} Dino has changed the way I look at winnings
[08:23] {nemo} weird my charts show them a buck lower than yesterday on the QQQQs and SPYs, but the quotes are higher...go figure
[08:24] {Les} before it was +.05 or +.15 etc
[08:24] {Les} QCOM changed that yesterday
[08:24] {Les} +.31, +.34
[08:24] {Threei} you are impressionable, aren't you...
[08:24] {Les} high risk, but suitable reward
[08:25] {Threei} let me ask then, why my call on CAT didn't change it?? :)
[08:25] {Les} hey, those are big numbers for this newby
[08:25] {Les} wasn't here
[08:25] {Threei} low risk, just 15 cents
[08:25] {Threei} and went for 50 cents
[08:25] {Threei} and closer to a dollar for Ilana
[08:25] {Les} your cat trade would have made my day
[08:25] {Les} but was out doing taxi service for children
[08:25] {Threei} ah children
[08:25] {Les} followed by wine degustation
[08:26] {Threei} in some parts of the globe also known as spine-chewers
[08:26] {Les} I like wine a lot
[08:26] {Les} but I know now that I prefer to trade even more
[08:26] {Les} I won't leave screen for future degustations
[08:28] {Les} at least yesterday ended green. I could mess around with QCOM and still walk away without losing my shirt
[08:30] {Threei} US) Q4 ADVANCE GDP Q/Q ANNUALIZED: 5.7% V 4.7%E; PERSONAL CONSUMPTION: 2.0% V 1.8%E
[08:30] {Threei} US) Q4 EMPLOYMENT COST INDEX: 0.5% V 0.4%E
[08:30] {Threei} *(US) Q4 ADVANCE GDP PRICE INDEX: 0.6% V 1.3%E; CORE PCE Q/Q: 1.4% V 1.3%E
[08:31] {Threei} KERX Announces Positive Phase 2 Study Results of Perifosine as a Single Agent for the Treatment of Advanced Waldenstrom's Macroglobulinemia (2.76, 0.00, 0.00%)
[08:45] {Threei} KERX is almost all the way back
[08:47] {Threei} weirdo.... useless probably
[08:47] {Threei} news is not thatg earth0shuttering either
[08:48] {nemo} amzn beginning to move
[08:52] {nemo} wow, spy just had quite a run of volume
[08:52] {nemo} wtf?
[08:53] {nemo} looks like the bernanke rally this morning
[08:54] {fernp} Good morning everybody
[08:55] {Threei} fern :)
[08:55] {larisa} gm :)
[08:55] {Threei} larisa :)
[08:55] {larisa} fern, nemo, vad :)
[08:55] {Threei} I don't know how much it has to do with him, nemo
[08:55] {Threei} his confirmation was never really in question, IMO
[08:55] {Threei} some posturing by political figures, that's all
[08:56] {nemo} alright...the ppt is at it again....better
[08:56] {i2romantis} gm all :)
[08:56] {Threei} ir2 :)
[08:57] {strider} fcx lvl 2 not right.
[08:57] {strider} or not with chaert and t&s
[08:58] {strider} t&s and chart seems stuck
[08:58] {Threei} TM Follow up: US House Energy and Commerce Committe to hold hearings on sticking pedal issue in Feb, 2010
[08:58] {Threei} hearings?
[08:59] {Threei} what do poiticans have to say about this?
[09:00] {Threei} (US) Obama Administration plans to create commission to examine the future of nuclear waste storage (related SO CEG FPL USU CEI.FR )
[09:01] {Threei} plans to create commissions - does it mean they create commitee to study the necessity to create commissions?
[09:05] {Threei} BCRX WBB Securities Initiates BCRX with Buy, price target: $8.50
[09:07] {Threei} CNN: "as long as driver knows how to stop the car"...
[09:07] {Threei} who the hell gives driver lisenses to people who don't???
[09:09] {larisa} so how do you stop it if pedal got stuck ? :)
[09:09] {larisa} {just checking if vad reallly knows}
[09:10] {nemo} put your feet on the ground like Fred in the Flintstones
[09:10] {larisa} lol
[09:10] {strider} look for a large tree.
[09:11] {Les} ram the car in front of you
[09:11] {Les} and then sue toyota for 10 million
[09:15] {Les} fake bids on KERX .85?
[09:15] {Les} fake offers sorry
[09:21] {ese} good morning
[09:22] {fernp} gm ese
[09:22] {Threei} ese :)
[09:22] {Threei} larisa, I didn't know but CNN explained...
[09:22] {ese} fern...vad
[09:22] {Threei} they created a song
[09:22] {Threei} "hit the brake, switch to neutral"
[09:23] {Threei} or something like that
[09:23] {ese} sold ek yesterday at .81 +.19 on 20k around 2:30
[09:23] {strider} WFC nice consol
[09:25] {ese} am still in cien....added some
[09:27] {lasertrev} good morning
[09:27] {Threei} trev :)
[09:27] {nemo} hey come my qqqq and spy chart show lower data, and quotes show them up?
[09:28] {ese} trev
[09:28] {strider} morning everyone.
[09:28] {lasertrev} let me look in to it nemo
[09:29] {ese} st
[09:29] {Threei} strider :)
[09:29] {fernp} gm st
[09:29] {strider} :)
[09:29] {nemo} dude, dunedin
[09:29] {ese} dude
[09:29] {strider} my QQQQ quotes and charts are in line, nemo
[09:29] {nemo} lucky you
[09:30] {strider} FCX was stuck for awhile, but it go' be'er
[09:30] {Threei} Long Setup: WFC .50 break
[09:31] {nemo} hwo about .48 break
[09:31] {Threei} yup
[09:31] {Threei} .35 support for stop
[09:31] {Threei} .40 for hard core scalpers
[09:31] {nemo} ha, missed it
[09:32] {_moeberry} I don't get it. when u said long WFC .50 we buy @ .50?
[09:32] {Threei} needs a little market help
[09:32] {Threei} has a lot of potential
[09:32] {nemo} break of .50 moe
[09:32] {dino} gm all
[09:32] {Threei} dino :)
[09:33] {Les} dino ciao
[09:33] {dino} :)
[09:33] {Threei} moe, sorry, let's get into theory after the morning rush is over
[09:33] {_moeberry} sure
[09:33] {_moeberry} thanks
[09:34] {Threei} market is not very cooperative
[09:34] {Threei} let's trail to under .40
[09:36] {Les} out flat
[09:37] {dino} chicago pmi at 9:45
[09:37] {ilana} some news are coming out, market is nervious
[09:38] {_moeberry} Market has been nervious, because obama got pissed of why martha coakley didn't win lol
[09:39] {Threei} US) White Econ Advisor Romer: Should not read too much into a single report on the economy as there will be further bumps down the road
[09:39] {Threei} now, if report was positive... then we would be encouraged to read it as a sign of recovery
[09:39] {dino} confidence inspiring
[09:39] {Threei} WFC 1:1 for scalpers
[09:40] {fernp} ty Vad
[09:40] {Threei} fern is a scalper... who would have thought
[09:40] {nemo} say it ain't so...
[09:41] {Threei} your world is crashing nemo?
[09:41] {nemo} sniff
[09:41] {fernp} my mother doesn't know it
[09:41] {Threei} we won't tell
[09:41] {nemo} ay carumba
[09:41] {fernp} thanks a lot
[09:41] {Threei} stop to under .45 on WFC
[09:42] {Threei} time to tighten risk to "ridiculously small"
[09:42] {Threei} PMI is good
[09:42] {Threei} 1:1 for daytraders
[09:42] {Threei} half out, stop to under breakeven
[09:43] {Les} nice one on wfc
[09:43] {Threei} have some faith Les, will ya... what's with desire to accept no risk whatsoever
[09:44] {Threei} cutting risk down to zero you simply take yorself out of the game
[09:44] {Threei} and as stupid coaches say, have to be in to win
[09:44] {Les} right. anecdotal observation that opening trades go wonky on me. but the evidence before me suggest otherwise
[09:44] {nemo} well, wfc is establishing new support
[09:45] {dino} ytec sm l .60
[09:45] {Threei} WFC took out that enormous offer at .48, to which nemo referred wiht his question at the time
[09:45] {nemo} big offer at .65
[09:45] {Threei} that alone earned it some respect
[09:45] {Threei} US) JAN CHICAGO PURCHASING MANAGERS: 61.5 V 57.2E
[09:46] {Threei} offer 1/4 more at .76
[09:47] {dino} crm sm l .06
[09:48] {Threei} URRE... trying to move on that nuclear news
[09:48] {Threei} US) Obama Administration plans to create commission to examine the future of nuclear waste storage
[09:48] {Threei} - administration aims to increase loan guarantees for new reactors to more than $55B.
[09:50] {Threei} US) Preview: Jan Final University of Michigan Confidence due out at 09:55ET
[09:50] {Threei} **consensus expectation: 73.0e v 72.8 prelim
[09:50] {Threei} 1/4 more out WFC
[09:51] {Threei} stop for the last portion to under .60
[09:52] {dino} esi blood
[09:53] {dino} sm l .38
[09:53] {ese} what err ya thinkin dino
[09:54] {ese} that answers that
[09:54] {dino} a buck or two
[09:54] {ese} L esi .45
[09:54] {dino} stop is .99
[09:54] {Threei} ok, let's get more aggressive
[09:55] {Threei} stop to under .70
[09:55] {ese} i'll go with that for
[09:55] {Threei} and let's see if we get spike to or over .90
[09:55] {ese} 500 shs
[09:55] {Threei} to exit last part
[09:55] {dino} at 300 here
[09:55] {Threei} - 1 yr median inflation expectations at 2.8% v 2.1% Dec final.
[09:55] {Les} s slw .23
[09:57] {Threei} I want to short GLD badly
[09:57] {Les} slw is a bit safer for me
[09:57] {Threei} .50 is tempting support to break
[09:58] {Threei} not a nice stock on this kind of breaks though
[09:59] {Les} AUY getting squeezed too.
[09:59] {dino} giddy-up esi
[09:59] {Threei} I swear it goes to 105 today...
[09:59] {Threei} and quite possibly lower
[09:59] {dino} watch your mouth
[09:59] {Les} what GLD?
[09:59] {Threei} but finding entries on this one is a real PIA
[09:59] {nemo} quote server please
[09:59] {Threei} 18
[10:00] {ese} esi vad? 105
[10:00] {nemo} ty
[10:00] {Threei} I was talking about GLD ese
[10:01] {ese} tks
[10:01] {Threei} TM Follow up: European recall of eight models could include up to 1.8M vehicles (77.31, -0.36, -0.46%)
[10:02] {strider} CELM open IPO
[10:02] {ese} am loving my cien position right now
[10:02] {Threei} China Electric Motor
[10:02] {Threei} US) President Obama sets a 28% cut for emmissions for the US Government by 2020
[10:02] {Threei} sigh
[10:03] {Threei} AONE Hearing strength attributed to rumor of supply contract (17.35, +0.74, 4.46%)
[10:03] {Les} it can be done. build shoddy new generation of reactors ASAP
[10:04] {ese} man esi bounces around.....big quote swings.....that normal dino
[10:04] {Threei} [CELM] To offer 2.3M shares of common stock in IPO
[10:04] {Threei} that's all?
[10:04] {fernp} IBN, Vad?
[10:04] {fernp} 36 break?
[10:04] {Threei} I doubt it
[10:05] {fernp} ok
[10:06] {fernp} and DIS, Vad?
[10:07] {Threei} for a scalp, could be, if market helps
[10:07] {fernp} ty
[10:08] {dino} yes es
[10:09] {Threei} Short Setup: GLD .50 break half lot
[10:09] {Threei} if stays under .70
[10:10] {Threei} GS Hearing Meredith Whitney making positive comments (151.99, -1.30, -0.85%)
[10:10] {Threei} wow... someone has anythiong positive to say about GS
[10:10] {Threei} that's new
[10:11] {Les} she a GS spokesperson is she?
[10:11] {Threei} hmm?
[10:11] {Les} paid spokesperson. thought she was independent analyst.
[10:11] {Threei} yes
[10:12] {Les} these friggin PM miner's don't wanna go down
[10:12] {Threei} how is she paid spokesperson
[10:13] {Threei} hearing Whitney speculates that Goldman will give up its Bank charter status soon to avoid new stricter rules on banks.
[10:13] {Threei} - Note: Whitney cut her GS estimates to inline with consensus on 1/5 before the 1/21 earnings
[10:14] {Threei} GLD, aggressive entries are still the best for it, but it's almost impossible to find the stop level for those
[10:14] {nemo} entry at .70 on the trend would have implied, to my deranged mind, a stop above .80
[10:15] {Threei} entry near .70 would be ideal, yes
[10:15] {Les} AUY and SLW remain alternative vehicles for shorting. but none want to go down. somethings got to give
[10:16] {nemo} spy has that inverted H&S look
[10:16] {Threei} NFLX... thing knows no limits
[10:16] {dino} spain unemployment 18.8%
[10:17] {Threei} GLD invalidated for now
[10:17] {nemo} maintained trend though
[10:17] {Threei} yes
[10:18] {Les} gld about to encounter 50 ma on 1 min. could come down quicker than anticipated.
[10:18] {ese} i'd like to repeat dinos giddy-up esi!!!
[10:19] {dino} not working
[10:19] {dino} stop is .99
[10:20] {nemo} it's also about to break trend but because of that 8.51 spike in volume I can't tell what's upp
[10:20] {dino} ioc down again
[10:20] {ese} yep.....i've got that hard wired
[10:21] {Threei} Long Setup: X .20 break half lot
[10:21] {nemo} ops
[10:21] {Threei} wait for pullback
[10:21] {ese} saved by the bell
[10:21] {Threei} jumped a bit too fast
[10:22] {Threei} C&H
[10:22] {Threei} 1:1...
[10:22] {Threei} not muchg chance for entry
[10:22] {Les} stopped slw
[10:24] {ese} funny.....escaping with the hair on my chinny chin chin
[10:24] {dino} so far
[10:24] {ese} moved my stop to .95.....just a tad more wiggle room
[10:24] {dino} .97
[10:24] {ese} couple of bucks ain't gonna hurt me
[10:24] {dino} stoped
[10:24] {dino} stopped
[10:24] {ese} same clipped
[10:24] {nemo} 'ally today
[10:24] {dino} i will try a buck or so lower
[10:25] {dino} crm good girl
[10:25] {fernp} DIS 1:1
[10:25] {nemo} db would be above .79
[10:26] {Les} POG rising rapidly
[10:26] {Les} $pog
[10:26] {nemo} 200 ma right here
[10:26] {dino} crm out .08, +1.02
[10:26] {fernp} SOA, Vad?
[10:27] {Threei} not delighted
[10:27] {fernp} ok ty
[10:28] {dino} tough crowd
[10:29] {ese} lol
[10:29] {larisa} sensitive man :) gj dino
[10:29] {Threei} just fuill of jealousy dino
[10:29] {dino} lol
[10:29] {Threei} if we pretend we don't see it, we convince ourselves it didn't happen
[10:29] {dino} ytec to .84
[10:30] {ese} look at that bees hivin thing dino
[10:30] {Threei} watch X for possible hard pullback into 47
[10:30] {ese} big buy ins too
[10:30] {Threei} new long entry for bounce if that happens
[10:30] {dino} ?
[10:30] {ese} esi
[10:31] {dino} ohh
[10:31] {ese} well at least too big volume bars
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 238M shares, about 5% below its three-month average; advancers lead decliners by 5.5:1.
[10:31] {Threei} - NASDAQ volume 620M shares, about 25% above its three-month average; advancers lead decliners by 3.1:1.
[10:31] {Threei} - VIX index -3.75% to just under 23.00
[10:31] {fernp} AA, Vad?
[10:32] {fernp} 30 break?
[10:32] {dino} was feeling 100s esi after that break. felt like magnet, but i was wrong
[10:32] {Threei} I'd like to see couple more min of consolidation first
[10:32] {fernp} ok
[10:33] {dino} ioc 78 to 62 in 5 days
[10:33] {Threei} Short Setup: VXX .10 if stays under .20
[10:34] {Threei} .12 meltdown/break is a trigger acvtually
[10:35] {Threei} AA becames better fern
[10:35] {fernp} watching it
[10:36] {ese} olympic commision.......those buggars have a stock.....i hope the damn things tanks even more....christ it's costing us alot of tax dollars here ....ticks me off
[10:37] {ese} wrong ioc........?
[10:37] {fernp} VXX still valid, no?
[10:37] {dino} ytec to .00
[10:37] {Threei} yes
[10:37] {Threei} not anymore
[10:38] {fernp} :-)
[10:39] {dino} out ytec .05, +.45
[10:39] {nemo} esi dino
[10:40] {dino} hmmm
[10:40] {dino} heck of a 2 day drop
[10:40] {nemo} yeah, if not db here could go some more
[10:40] {dino} showing gap around 98
[10:41] {dino} wondering if that is the siren song
[10:41] {fernp} X, vad
[10:41] {dino} edu, apol hold well against it
[10:42] {nemo} volume
[10:42] {dino} ioc thoughts
[10:42] {Threei} X precision of the bounce is beyond crediblew
[10:42] {fernp} AA ready
[10:42] {Threei} 47 exactly
[10:43] {Threei} anyone took itz?
[10:43] {ese} siren song..........ya.....i like thats.....seems so much more hmmmmm humane
[10:43] {fernp} no here
[10:43] {larisa} but this was downtrend bounce. had to take 10:20 bounce to 47 :)
[10:43] {nemo} 60.60 area dino
[10:43] {larisa} this one had to be fast
[10:44] {nemo} could go to 60
[10:45] {dino} thx nemo
[10:45] {Threei} ok... moe, you here?
[10:46] {dino} moe money
[10:46] {strider} WFC dbl top
[10:46] {ese} moe betta blues
[10:46] {nemo} she ain't taking long to get there, is she dino
[10:47] {Threei} earth to _moeberry: let me know when you are here so I could answer your question from before
[10:47] {larisa} you need to create FAQ section or something :)
[10:48] {Threei} there is one
[10:48] {Threei} but who is reading it
[10:48] {larisa} lol
[10:48] {Les} there is?
[10:48] {nemo} yeah, but you have to be able to read Les
[10:49] {Threei}
[10:49] {Threei}
[10:50] {dino} nemo nice call 60.60
[10:51] {i2romantis} out YTEC +.45
[10:51] {Threei} nice
[10:51] {ese} gj i2
[10:51] {i2romantis} missed out on the early entry, but that worked out ok as well
[10:52] {dino} gj
[10:52] {i2romantis} thx :)
[10:54] {nemo} rimm declining trend to base, might be short
[10:55] {nemo} jumped over trigger
[10:55] {nemo} bastid
[10:56] {nemo} PMTFO
[10:58] {dino} poking my eyes w/hot nails for missing ioc entry
[10:58] {nemo} you like rimm .30 break if holds .20, on volume increase of course, and market
[10:59] {nemo} bounced right on pivot support dino
[11:00] {Threei} Toyota Motor Corp Reportedly Toyota expects to finalize its fix for recalled vehicles by early next week - unconfirmed report
[11:00] {Threei} - Reportedly Toyota management believes resumption of sales by the third week of Feb is a very optimistic forecast and assumes a smooth roll out of the accelerator fix. No decision yet on whether production idling at six North American plants will be extended past the one week halt planned for the first week of Feb.
[11:00] {Les} x ,80 b/d?
[11:01] {dino} esi in 100s
[11:01] {Threei} wow X
[11:01] {Les} crap
[11:03] {Threei} what Les?
[11:04] {Les} x
[11:04] {nemo} find the next one
[11:04] {dino} hey larisa, that 10,000 held yesterday
[11:04] {larisa} I changed my mind, you ara not a chicken :)
[11:05] {dino} lol
[11:05] {nemo} rooster
[11:05] {dino} being tame nemo
[11:05] {nemo} yeah
[11:06] {ilana} is VXX short ETF, moves in opposit direction?
[11:06] {nemo} no, it represents volatility not inverse of volatility
[11:07] {ilana} strange, it looks like it is moving in opposite way
[11:08] {nemo} qs about to keel?
[11:08] {Threei} nemo... say what?
[11:08] {Threei} represents volatility not inverse of volatility
[11:08] {nemo} qs near support look at X
[11:08] {Threei} not sure I understood
[11:08] {nemo} yeah it's not a short etf
[11:08] {Threei} oh, OK
[11:09] {Threei} Ilana, it tracks VIX in a way
[11:09] {nemo} if x drops .40 can go to .12
[11:10] {Les} slw .20 b/d with market help
[11:16] {fernp} WFC on highs
[11:17] {Threei} salmon
[11:17] {fernp} FAS falling, SPY falling, but WFC not
[11:18] {fernp} 29 break vad?
[11:19] {Threei} I think so
[11:19] {Threei} market reversal would make this trade better
[11:20] {_moeberry} when are we going to stay in a down market for?:(
[11:20] {Threei} hmm?
[11:20] {_moeberry} it's all your fault threei lool
[11:21] {dino} wow
[11:21] {Threei} almost everything is my fault
[11:21] {Threei} especially if you listen to my wife
06[11:21] * nemo slaps _moeberry around a bit with a large volume of RealityTrader Trading room Etiquette
[11:22] {dino} esi wants that gap
[11:22] {Threei} now, you want answer to youre earlier question, or you akready found it?
[11:22] {fernp} what is the question?
[11:23] {Threei} [09:32] {_moeberry} I don't get it. when u said long WFC .50 we buy @ .50?
[11:23] {dino} 3i, are wives must be related
[11:23] {nemo} are=our
[11:23] {fernp} aaaah!, easy one
[11:23] {dino} lol opps
[11:23] {_moeberry} no
[11:23] {Threei} I think most of them are...
[11:23] {_moeberry} please tell me
[11:23] {Threei} ok
[11:23] {_moeberry} what does that mean?
[11:23] {nemo} They're ALL sisters
[11:24] {Threei} our setups are structured in a way that tells you the trigger for entring,
[11:24] {_moeberry} Okay.
[11:24] {Threei} and sthe level where stop should be placed if a trade is triggered
[11:24] {Threei} or where the trade is invalidated if no trigger
[11:24] {Threei} Example:
[11:24] {Threei} Long Setup: SOMETHING .50 break if holding above .40
[11:25] {_moeberry} okay
[11:25] {Threei} Something breaks - .50 - you buy
[11:25] {_moeberry} ahhh I see
[11:25] {Threei} Something drops under .40 - take the stop,
[11:25] {_moeberry} so let's say
[11:25] {Les} s wfc small shares .83 stop hod
[11:25] {Threei} Something drops under .40 before breaking .50 - trade is cvanceled
[11:25] {_moeberry} XYZ is @ 15.20
[11:26] {_moeberry} and you made a alert on xyz .50
[11:26] {_moeberry} so I only buy if it reaches anything over .50?
[11:26] {Threei} formally, yes,
[11:26] {Threei} but
[11:26] {_moeberry} ahh
[11:26] {Threei} there are also different types of entry
[11:26] {_moeberry} and my stop will be .40 or under?
[11:26] {Threei} read this:
[11:27] {Threei}
[11:27] {_moeberry} okay sure.
[11:27] {_moeberry} Thanks
[11:27] {Threei} and overall, browse this:
[11:27] {Threei}
[11:27] {Threei} a lot of your questions will be answered in there
[11:29] {ese} moeberry......vad hasn't mentioned the sharing nature of the board yet.........when you make a buy buy an equal amount of shares for the rest of us and deposit directly into our accounts if there is a profit
[11:30] {Threei} actually, you deposit it into my account,
[11:30] {ese} i can see this now.....vad is staring at that post in utter horror
[11:30] {Threei} and I do the distribution for a small administrative fee of only $999.95
[11:30] {ese} wait a minute my fee was 2099.00....whats going on here?
[11:30] {dino} and i will gladly pay you tomorrow for a hamburger today
[11:31] {_moeberry} huh?
[11:31] {_moeberry} lol
[11:31] {Les} lol
[11:31] {ese} very intuitive dino.......and well said
[11:31] {Threei} you have a privileged price reserved for close friends and neighbors, ese
[11:31] {_moeberry} I didn't understand a word lol
[11:31] {Les} you did see my remarks about "mad house" this morning moe
[11:32] {ese} thats ok........we'd don't understand what were saying half the time either
[11:32] {Threei} (US) President Obama: formally unveils new jobs tax credit; job growth still lagging despite economic improvement
[11:32] {_moeberry} loooooool
[11:32] {_moeberry} ese
[11:32] {dino} welcome to the jungle moe
[11:32] {Threei} hey, look at this:
[11:32] {Threei} (US) US President Obama: Q4 GDP is a stark improvement, the data "affirms our progess" (related TLT SHY IEF )
[11:32] {Threei} told ya
[11:33] {Les} ave in wfc .74 (short)
[11:33] {Threei} positive report - see, we are improviong
[11:33] {dino} s/p fills open gap
[11:33] {Threei} negative - ah, but the road up is not straight, never mind
[11:33] {ese} same here......welcome moe
[11:34] {ese} heck of a dive by esi dino
[11:35] {dino} cpsi
[11:35] {dino} i want 98
[11:35] {nemo} How's it feel to want?
[11:35] {_moeberry} taking some STX here
[11:36] {Threei} why?
[11:37] {dino} lol
[11:37] {ese} interesting question you "want" an answer
[11:38] {Threei} seriously, moe... what is it you see in STX??
[11:38] {dino} the way i see it, it's play and simple, they got it and i want it
[11:38] {Threei} no volume
[11:38] {Threei} narrow
[11:38] {Threei} sits at the low of long term tange
[11:38] {Threei} very likely to make new lows
[11:38] {ese} lol
[11:41] {dino} esi 98
[11:41] {nemo} rimm .90 break stop .75 on volume
[11:42] {ese} i'll be......just saw tht
[11:42] {ese} that
[11:42] {ese} esi
[11:42] {nemo} no volume yet though
[11:42] {ese} and it's heading lower
[11:42] {dino} wow right thru gap
[11:42] {strider} I hate rimm
[11:42] {strider} fyi
[11:43] {dino} was 115 two days ago
[11:43] {nemo} as if I care
[11:43] {strider} I know
[11:43] {Les} bloody hell. WFC is getting pumped
[11:43] {strider} I will short it on occasion, though.
[11:43] {dino} sm l .00
[11:43] {dino} esi that is, risky
[11:43] {ese} lucky shorts thats for sure
[11:44] {dino} what occasion ?
[11:44] {strider} on those occasions when it's going down.
[11:44] {Threei} happy occasion
[11:44] {dino} lol
[11:44] {Threei} see... told yoyu
[11:44] {Les} x returning to lod
[11:44] {Les} seems to be easier on the shorts than slw
[11:45] {dino} esi stop is lod fwiw
[11:45] {dino} pulp stock
[11:45] {strider} FCx
[11:45] {strider} wide stop
[11:46] {dino} indeed, but sm shares
[11:46] {ese} did i miss a post....are you short dino esi
[11:46] {dino} long
[11:46] {ese} where
[11:46] {dino} but otm
[11:46] {dino} .00
[11:47] {dino} stopped
[11:47] {ese} 98?
[11:48] {dino} unfortunately
[11:48] {ese} wow fella....gutsy play
[11:48] {dino} gap play
[11:49] {dino} and now it comes back, rinse
[11:49] {dino} awwww mannnnnn swiper move
[11:51] {ese} i for one stand in awe.....that would have taken nerve to pull the trigger on that
[11:51] {nemo} or brain damage
[11:52] {ese} rotflol
[11:52] {dino} 300 w/risk defined, whats the big deal as long as keep stop. thing went to 97.57, bounced to 98.20s, used gap at 98, plus .00 break as trigger
[11:52] {nemo} so much for polite, huh dino?
[11:52] {ese} i have to admit nemes'.......your timing is impecable
[11:53] {dino} i grew up that way nemo, pretty thick skinned
[11:53] {strider} remember, he's a vampire.
[11:53] {nemo} actually, I'm very sensitive
[11:53] {fernp} WFC still there, VAd
[11:53] {Threei} toughie fern
[11:53] {dino} my family was never a rah, rah type.
[11:54] {ese} well.......with the brain damage'll be thickening up real soon
[11:54] {nemo} roger that
[11:54] {dino} favorite words were dumb ass. heard that millions of times
[11:54] {nemo} Yeah, my nickname for my nephew is DH, his two friends are DF and DB
[11:54] {dino} in any case es, my entry was pretty good just a minute too early
[11:55] {ese} guys!!! too funny
[11:56] {ese} it was dino for sure........i wouldn't of had the guts to do it
[11:56] {dino} now it's just taunting me, ugh
[11:56] {nemo} we've got some defined DBs in mos X and FCX now
[11:56] {ese} is it ever
[11:57] {dino} fcx sm l .50
[11:57] {nemo} oh, and it's frickin' lunch on Friday
[11:58] {ese} right then.......i'll get my champagne
[11:59] {nemo} that's not fair market
[11:59] {Les} nice one
[11:59] {strider} cover short C +.20
[11:59] {strider} X
[11:59] {strider} not C
[11:59] {dino} stopped fcx -.31
[11:59] {strider} _notvad typed that for me.
[11:59] {dino} mkt dropped.
[12:00] {ese} good one st
[12:00] {nemo} you marry it fur crissakes dino?
[12:00] {strider} t'anks, ese
[12:00] {dino} what?
[12:01] {dino} gj strider
[12:01] {nemo} kiddin' the stop on fcx
[12:01] {ese} triple bottom one minute chart st......looks like a good time to exit
[12:01] {dino} sm=300, no real harm
[12:02] {Threei} YESSS!!!
[12:03] {Les} x
[12:03] {fernp} QID, Vad?
[12:04] {Threei} oops
[12:04] {Threei} I just can't tell
[12:05] {Threei} instincts say yes,, we continue dropping,
[12:05] {fernp} i think so
[12:05] {Threei} Friday, lunch time - brain says do not commit
[12:05] {patience} yup
[12:05] {Threei} perfect time for unexpected moves with brutal shakeouts
[12:06] {dino} dji open gap fill
[12:06] {dino} ioc nemo, i defer to you
[12:06] {nemo} back there again, huh
[12:08] {nemo} breaks below .68 next stop .36 but should be some interference.
[12:08] {fernp} out here .19
[12:08] {fernp} +.08
[12:09] {fernp} lucky
[12:09] {Threei} BTW
[12:09] {Threei} GUESS WHO IS ON tv
[12:09] {larisa} oBAMA?
[12:09] {Les} orson welles?
06[12:10] * nemo slaps Les around a bit with a large rosebud
[12:10] {Threei} wow Larisa
[12:10] {larisa} I decided to get it right so you can stop asking this question :)
[12:10] {Threei} first time in history of this room this question was met weith seriousness and truth
06[12:10] * nemo slaps larisa around a bit with a large sense of humor
[12:11] {larisa} I have great sense of Humor, but getting tired of same jokes :)
[12:11] {larisa} sorry
[12:11] {Threei} well, we don't
[12:11] {Threei} or at least I don't
[12:11] {nemo} what do you expect when you hang around with the SAME insane people?
[12:11] {larisa} I know
[12:11] {Threei} so when I do stumble onto a joke, I tend to milk it to the end
[12:11] {Threei} to the bitter ewnd I may say
[12:12] {fernp} who is insane, moe?
[12:13] {nemo} he's here isn't he
[12:13] {fernp} big truth
[12:13] {dino} opps wrong stock
[12:17] {dino} china stocks holding better today, snda, pwrd, cagc, rino, jst
[12:19] {dino} get him off the tv, he is death to the markets
[12:24] {dino} esi sm l .00
[12:25] {dino} fcx gap fill from oct
[12:31] {Threei} US) Reportedly Obama administration will notify Congress of proposed $6B sale of arms to Taiwan
[12:31] {Threei} - Sale expected to include helicopters and missile defense technology
[12:31] {Threei} China is applauding I beilieve
[12:32] {dino} oh boy
[12:36] {Les} yeh that's the only stuff the US makes nowadays
[12:36] {strider} RMBS
[12:36] {nemo} we didn't break 1080
[12:37] {Les} gotta go. another bloody aperitif followed by dinner with neighbours.
[12:37] {Threei} lol
[12:37] {nemo} sucks being you
[12:37] {Threei} poor you
[12:37] {Les} damned swiss and their damned drinking habits ;)
[12:37] {Les} until MOnday
[12:37] {Threei} try my way Les
[12:37] {nemo} pot calling the kettle black...sheila
[12:37] {Les} what's that?
[12:38] {strider} SNDK
[12:38] {Threei} rum in one hand, nahama-mama in another to wash rum down with... tell them that's how they must do it,
[12:38] {Threei} you are going to have a hell of a party,
[12:38] {Threei} they are going to have hard time
[12:38] {dino} stopped again esi, done w/it today
[12:38] {Les} unfortunately my wife becomes a bit loud at such times
[12:38] {Threei} I'll refrain from comments
[12:38] {Les} ciao.
[12:39] {fernp} ACI dino, .80 break is interesting
[12:39] {dino} cya les
[12:39] {fernp} bye les
[12:40] {dino} cie
[12:40] {nemo} frickin' chart candles look right, but the volumes aren't indicating the moves,
[12:40] {dino} up fern?
[12:41] {dino} market feeling heavy
[12:41] {fernp} yes
[12:50] {dino} itri sm ave.85 l
[12:52] {dino} tex sm l .35
[12:55] {fernp} out ACI +.16
[12:55] {dino} gj fern, i didn't feel it
[12:56] {dino} ua off of .25, l w/stop .99
[12:56] {fernp} a bit of luck
[12:56] {dino} gut feel we close at hod
[12:58] {dino} always help
[12:58] {dino} es death continues
[12:58] {dino} esi
[12:59] {Threei} nemo
[12:59] {nemo} you
[12:59] {nemo} yo
[12:59] {Threei} you said something the other day about mass intelligence
[12:59] {nemo} lack of it
[12:59] {Threei} intellige this:
[12:59] {Threei} 38% Say U.S. and Allies Winning War on Terror
[12:59] {nemo} further confirmation
[12:59] {nemo} I'm an H.L. Mencken fan myself
[13:00] {dino} problem is what are you supoosed to do
[13:00] {Threei} tibet
[13:00] {Threei} monastery
[13:00] {Threei} cave
[13:00] {Threei} beer
[13:00] {dino} last one
[13:00] {fernp} beer is ok
[13:05] {Threei} GILD
[13:06] {Threei} quite remarkable sttrength
[13:06] {strider} Gilead announces share repurchase program
[13:07] {nemo} I'm amazed at amzn's relative weaknes today given it's numbers, that buyout must have people worrie
[13:07] {nemo} d
[13:08] {Threei} I still think it's AAPLs tablet that gives AMZH buyers pause
[13:08] {nemo}
[13:08] {Threei} yeah
[13:08] {Threei} tablet is widely feared to be a Kindle killer
[13:09] {Threei} and it's easy to see why
[13:09] {Threei} who would want a Kindle that can do nothing but read books if you can have tablet that can do everything
[13:10] {Threei} White House economic advisor Summers: believe the USD will play a central role for a long time to come
[13:10] {Threei} I hate to say it... but I agree with Summers
[13:11] {dino} totally
[13:15] {larisa} dino, never ever again i will call you chicken. trading stocks like ESI, you have to have iron nerves :)
[13:16] {Threei} it's opposite cause/effect larisa... he trades them because you called him a chicken and he wants to prove you wrong
[13:16] {dino} lol
[13:16] {larisa} nah, he was sick before i called him anything
[13:17] {larisa} was watching ESI under 97 for 5 minutes, could not make myself to buy even 300 shares
[13:20] {dino} 96.04 area support imo
[13:22] {nemo} joyg short?
[13:23] {Threei} probably...
[13:23] {nemo} left the station
[13:23] {Threei} there are no pronounced moves in the market
[13:23] {nemo} yeah, scalp
[13:23] {Threei} hard to judge the follow-up
[13:23] {nemo} dinero is dinero
[13:31] {dino} don't you mean dino
[13:31] {nemo} cat looking short
[13:32] {Threei} he means dinner with dino
[13:32] {Threei} costing dinero
[13:32] {nemo} talk to fern
[13:40] {dino} out itri .35, +.50
[13:40] {dino} back in 20
[13:42] {fernp} money is money
[13:42] {nemo} rimm
[13:42] {nemo} dinero es dinero
[13:42] {fernp} and tiempo es tiempo?
[13:42] {nemo} frickin' rimm
[13:48] {Threei} GILD... if market stages more or less meaninglful bounce next week, this one is a candidate for a nice run
[13:56] {fernp} MGYN, vad?
[13:56] {fernp} MYGN
[13:56] {Threei} salmon...
[13:56] {Threei} I doubt it has mucy perspectives for today
[13:56] {Threei} but worth keeping an eye on come Monday
[13:57] {fernp} ty
[14:09] {ese} .
[14:09] {nemo} ;
[14:10] {dino} neu
[14:10] {ese} was just loading my drums in my Landrover
[14:11] {nemo} tribal meeting?
[14:11] {ese} vad professional band The Midnights and The Vic High band are doing a cd/dvd taping session at Camosun College this evening in the Young Building it's open to the public........wha daaaa yaaa say ehhhhh!
[14:11] {nemo} send me a copy
[14:11] {ese} when vads there definitely tribal
[14:11] {patience} can i sing along ese?
[14:12] {ese} patience all you have to do is walk on've never seen the kids or my band
[14:12] {ese} 7:30 start
[14:12] {patience} i'll do my best :)
[14:13] {Threei} ese.. you sure you want me there??
[14:13] {ese} it's freeeeeeeeeee!!!!!!!!1
[14:13] {Threei} I am a "bad crowd"...
[14:13] {ese} always
[14:13] {ese} well true but.....
[14:13] {nemo} there has to be one,,,so you can be it
[14:13] {Threei} whistling... trying to climb the tribune with beer for the leading singer...
[14:13] {dino} as long as you don't sing you're welcome vad
[14:13] {ese} egzacally
[14:17] {strider} MYGN salmon
[14:18] {dino} neu beats pretty good, but destruction occurs, just like all the others
[14:29] {Threei} Market Internals update at 2:00pmET
[14:29] {Threei} - NYSE volume 660M shares, about 3% above its three-month average; advancers and decliners are about even.
[14:29] {Threei} - NASDAQ volume 1.82B shares, about 35% above its three-month average; decliners lead advancers by 1.2:1.
[14:29] {Threei} - VIX index -1.5% to just under 23.50
[14:32] {Threei} underestrimated MYGN's slamonness
[14:32] {dino} wow ndx -8% in 8 trade days
[14:37] {strider} Where's the afternoon trade, vad?
[14:37] {nemo} been a slow descent,,,,hop on the trend on pullbacks
[14:40] {strider} pullbackks, huh?
[14:40] {Threei} bounces
[14:40] {strider} you wanta point some of those out to me?
[14:40] {strider} :)
[14:41] {nemo} well, I've been scalping down on fcx, but it's basically been reading the tape and when it touches the 13 ma, I look to go short
[14:41] {Threei} my culprit is this:
[14:41] {Threei} most of days this week we had late day bounce
[14:41] {Threei} so I have troubles discerning whether it's the case today as well
[14:41] {Threei} doesn't loook like that
[14:41] {Threei} everything feels to me like more selling
[14:42] {Threei} look st GS testing lows on both intraday and daily
[14:43] {dino} sm l .00 neu risky
[14:44] {nemo} yeah, the volumes on these bounces or pauses doesnt really give any indication of changes of direction
[14:44] {strider} futs have bounced off lows 3 times.
[14:45] {nemo} that's called dead cat.
[14:46] {strider} then why were you suggesting I catch the rebounds?
[14:48] {Threei} GS another leg down
[14:48] {nemo} pullbacks from the downtrends short
[14:48] {Threei} FCX too
[14:50] {strider} MYGN is a freak of nature
[14:50] {Threei} total
[14:50] {strider} I did a stupid .20 scalp awhile ago.
[14:51] {Threei} RIMM is bounce candidate
[14:51] {nemo} what is stupi about a .20 scalp
[14:51] {strider} ihr
[14:55] {dino} rmbs wants that gap at 21.15
[14:55] {dino} scanners all red
[14:56] {dino} ndx -8.5% since 1/19
[14:57] {dino} 1730 gap ndx
[14:59] {nemo} PPT?
[14:59] {dino} nah
[15:00] {dino} amzn gives back
[15:00] {Threei} RIMM... watching for a pullback, double bottom, and bigger move up
[15:01] {Threei} should bottom around .45 - .50
[15:03] {dino} seems my gut was wrong at noon, felt hod for close. must be the atkins diet messing w/its' ability
[15:03] {Threei} lol
[15:03] {Threei} you are on arkins again?
[15:04] {dino} yeah, every jan. and feb.
[15:04] {dino} i keep it off until hunting season and holidays
[15:05] {Threei} no pullback RIMM
[15:05] {dino} cagc sm l .01 stop lod
[15:06] {i2romantis} nice market drop and some signs of recovery
[15:06] {i2romantis} seems that every time I talk to Vad I get back on track with my trading
[15:06] {nemo} yeah, they blocked up the artery
[15:06] {nemo} it's a small price to pay for sanity I2
[15:06] {Threei} that's my magic, i2r
[15:07] {i2romantis} yes :)
[15:09] {dino} neu stopped, .42
[15:10] {dino} wow that fell fast
[15:11] {dino} db on it
[15:13] {dino} pot under 100
[15:14] {Threei} RIm losing support
[15:14] {Threei} TM
[15:15] {Threei} RIMM is back into support
[15:15] {Threei} skightest help by market should make it bounce
[15:15] {nemo} I don't think anybody's buying this afternoon
[15:16] {fernp} i agree nemo
[15:16] {nemo} gracias
[15:16] {fernp} de nada
[15:16] {dino} yeah nemo, i give up
[15:16] {nemo} comprendo
[15:16] {fernp} are we bored?
[15:16] {nemo} no
[15:16] {nemo} irish/italian
[15:17] {nemo} and maybe a couple other things my grandmother wasn't too specific about
[15:20] {Threei} nice and easy RIMM
[15:20] {Threei} anyone took it?
[15:20] {nemo} wasn't watching
06[15:21] * Threei slaps nemo around a bit with a large attention-getter wrapped in sleep-ceaser and spiked with boredom-interrupter
[15:22] {nemo} I was watching fcx
[15:24] {fernp} oops!, missed RIMM. was watching pizzas, dont know which to choose
06[15:25] * nemo slaps fernp around a bit with a large can of anchovies
[15:25] {fernp} yeah!! anchovies... good idea
[15:29] {i2romantis} black olives...
[15:30] {nemo} italians are famous for pizza and spaghetti and invented neither
[15:31] {i2romantis} they know how to use good ideas
[15:31] {fernp} i've been living in Roma for 10 months
[15:31] {nemo} I liked Florence better, but....
[15:31] {fernp} i don't like his pizza
[15:32] {nemo} market broke major support today
[15:36] {Threei} lookie lookie RIMM
[15:41] {dino} bertolli
[15:44] {nemo} spy gonna' finish above 108
[15:47] {fernp} Have a nice weekend everybody. see you all on monday
[15:47] {Threei} taske care fern
[15:47] {strider} you too, fern.
[15:48] {dino} cya fern
[15:52] {Threei} short covering
[15:55] {nemo} does it make 108
[15:56] {Threei} I doubt it
[15:56] {Threei} it had its chance two min ago
[15:57] {nemo} yep, but that's a real important level, probably rally above on monday, and then we'll see
[15:59] {nemo} I gotta' go c u Monday
[16:00] {Threei} thank you all
[16:01] {Threei} have a great evening, see you on Monday
[16:01] {i2romantis} cheers
[16:01] {strider} see you vad.
[16:02] {dino} later all

Thursday, January 28, 2010

Jan 28 2010

Some days are made by just one strong trade. This was exactly the case: scalp here, stop there, nothing outstanding, and a whole lot of invalidated trades - those where stop level is broken before trigger is taken, so trade just never comes to be. Then star trade came along: CAT long at 51.60, with 15 cents risk and for almost a dollar potential.

Session Time: Thu Jan 28 00:00:00 2010

[07:47] {Threei} CY
[07:47] {Threei} Cypress Semiconductor Demonstrates tablet-sized capacitive touchscreen with true multi-touch all-point capability
[07:47] {Threei} - Demonstrated a tablet-sized capacitive touchscreen technology with unlimited finger tracking capability.Cypress has released a video, available at, which features a demonstration of a user manipulating multiple pictures on the screen simultaneously. The technology, based on Cypresss industry-leading TrueTouch touchscreen solution for smaller-size portable electronics, will power touchscreens between 7 and 17 inches with full multi-touch support.
[07:49] {Les} morning. F in play premarket
[07:50] {Threei} Les :)
[07:50] {Threei} Ford Motor Co Reports Q4 $0.25 v $0.26e, R $35.4B v $32.6Be
[07:50] {Threei} For full year 2010, Ford plans to be profitable on a pre-tax basis excluding special items, for North America, total Automotive and total company, with positive Automotive operating-related cash flow, based on its assumptions
[07:50] {Threei} - Expects industry sales in range of 11.5-12.5M units
[07:51] {Les} ha. so it's not actually profitable then
[07:51] {Threei} well, at this point it's more about guidance I'd think
[07:51] {Threei} there is a whole lot of numbers in that
[07:51] {Threei} breakdown by continents
[07:51] {Threei} ends with:
[07:52] {Threei} - Ford Motor Credit Reports Q4 pre tax operating profit $696M v -$372M y/y
[07:52] {Threei} - Expects Motor Credit to be profitable in 2010 but lower than 2009 based on lower average receivables and the non-recurrence of certain favorable 2009 factors.
[07:52] {Threei} also, look at this aggressive mobe:
[07:52] {Threei} 01/27/2010 08:40 PM [F] To offer $1,000 rebate to Toyota and Honda owners
[07:53] {Les} that's aggressive marketing
[07:53] {Threei} good thing they don't offer it to Nissan owners
[07:54] {Threei} I don't want Ford, and such offer would make me even think about it
[07:54] {Threei} ummm... maybe not
[07:58] {Les} dunno. ford making pretty trendy cars in Europe. Europeans like these small hatchbacks etc
[08:00] {Threei} line up is different in US and Europe
[08:00] {Les} yeh. its the americans that need an attitude adjustment
[08:01] {Threei} and... I tried one of Ford's recent crossovers once,
[08:01] {Les} or to really hurt at the gasoline pump like we do here
[08:01] {Threei} after Murano, it handles like a wet diaper
[08:01] {strider} We need an attitude adjustment?
[08:01] {Threei} well, maybe you'd do well stopping taxing the hell out of that gasoline
[08:01] {Les} especially you Strider
[08:02] {Les} mind you. motorcycle is better attitude to road than a Hummer
[08:02] {Threei} but you seem to believe in that hoghwash about global warming too strongly to do that {G}
[08:02] {strider} My attitude is recalibrated every morning at 8AM.
[08:02] {nemo} qcom and nflx could be interesting this morning
[08:03] {Threei} sheesh
[08:04] {Threei} was looking at CY 11.07 offer not realzing that was the entry I wanted
[08:04] {Threei} I obviouslyam still asleep
[08:05] {Les} lol strider, you remind me of that colonel in "American Beauty"
[08:05] {nemo} must be, if Les is there, must be a nightmare...
[08:05] {Les} you sure you're not ex-Marine?
[08:05] {Threei} crap
[08:05] {nemo} I used to teach military people, and work with them...that's about it
[08:05] {Threei} that was my opening $400 right there
[08:05] {nemo} well, since you didn't share...
[08:06] {Les} not you Nemo
[08:06] {Threei} I posted news
[08:06] {Les} vad is right
[08:06] {Les} I have CY on chart
[08:06] {Les} but wasn't paying attention to it
[08:07] {Les} but it did jump out of the blue
[08:07] {nemo} I was reading about somebody's battle on another blog...missed it
[08:07] {Les} I must have scared strider off...
[08:08] {nemo} scared...nah...disgusted him...I can see that
[08:08] {Threei} lol
[08:08] {Threei} strider doesn't strike me like easy frightened type
[08:08] {strider} I missed something while rebooting.
[08:09] {strider} Is Les coming to get me?
[08:09] {Threei} rofl
[08:10] {Threei} you guys
[08:10] {Les} 14:05 Les lol strider, you remind me of that colonel in "American Beauty"
[08:10] {Threei} OK... so weho is impressed by state of the union speech?
[08:10] {Les} 14:05 Les you sure you're not ex-Marine?
[08:10] {nemo} ] * strider ( Quit (Quit: )
[08:10] {nemo} [08:07] * strider ( has joined #discussions
[08:10] {nemo} [08:07] {Les} I must have scared strider off...
[08:10] {nemo} [08:08] {nemo} scared...nah...disgusted him...I can see that
[08:10] {nemo} [08:08] {&Threei} lol
[08:10] {nemo} I skipped the speech
[08:10] {Les} didn't listen to him
[08:11] {Les} what did he have to say?
[08:11] {nemo} I was watching "District 9" with my nephew
[08:11] {Les} any good?
[08:11] {Threei} a lot... and I have to say, I never heard so non-presidential one
[08:11] {nemo} yeah, it was pretty good...saw a commercial for it on DVD, so went right to the torrents
[08:11] {Threei} lol
06[08:11] * Threei slaps nemo around a bit with a large bag of sarcasm
[08:12] {Les} really, he was waffling on again?
[08:12] {strider} Yeah, though I walk through the valley of death, I fear no evil.. for I am the meanest MF in the valley. (favorite phrase of my SF buddies.)
[08:12] {nemo} I already have a railroad car full...ty
[08:12] {Threei} the spot that totsally turned me off was:
[08:12] {nemo} Personally I like...nuke them til they glow, shoot them in the dark, let God sort them out...
[08:12] {Threei} I take my share of blame for not explaining our position on health care reform well
[08:13] {Threei} this is beyond arrogant
[08:13] {strider} well, you should, vad.
[08:13] {Threei} it translates into:
[08:13] {Threei} I am right, you all are wrong, you don't get it, and my fault is in not exlaining it clearly enough
[08:13] {nemo} We couldn' slip it by you f%$#&@s before you figured it out
[08:14] {strider} Seriously condescending.
[08:14] {Threei} so, I should have tried to make it sinmpler for you
[08:14] {Threei} but I overestimated your intelligence
[08:14] {Threei} well, piece on climate change was just as condescvending
[08:15] {strider} "After all, I am super-O, and you're not."
[08:15] {Threei} even his poart of the audience met it with grave silnece
[08:15] {Les} F .80 B/d?
[08:16] {Threei} questionable...
[08:16] {strider} premarket has its own rules...
[08:16] {strider} imo
[08:16] {Threei} there asre no patterns established yet
[08:16] {Les} 7am thru now. big descending triangle?
[08:17] {Threei} formally speasking, yes
[08:17] {Threei} in purpose of pattern recognition
[08:18] {Threei} it's just that patterns much less reliable at this point
[08:18] {Les} but not actionable due to lack of vol?
[08:18] {Threei} yes
[08:18] {Les} or reliable I should say
[08:18] {Les} makes sense
[08:19] {Les} .
[08:22] {Les} anyone here?
[08:23] {nemo} no
[08:23] {Les} phew
[08:23] {Les} strange. accidently logged out and then logged back in. thought I was in another dimension
[08:24] {Les} no log history. no record in floor channel.
[08:24] {nemo} fatima morgana
[08:25] {Les} ?
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 470K V 450KE; CONTINUING CLAIMS:4.602M V 4.593ME
[08:30] {Threei} - Prior Initial Claims revised from 4482K to K
[08:30] {Threei} - Prior Continuing Claims revised from 4.599M to...more... (related SHY SPY EUR/USD USD/JPY USO RTH )
[08:30] {Threei} yikes
[08:31] {Threei} how's that stimulus working for ya
[08:31] {Threei} APPY Pharma Enters Into Development and Supply Agreement for AppyScore(TM) Reader (2.17, 0.00, 0.00%)
[08:41] {Les} oh they're gonna spit that in the face of Obama's address last night
[08:42] {Threei} he practically called for swcond stimulus package yesterday
[08:42] {Threei} Einstein, where are you...
[08:43] {nemo} wait until Commercial Real Estate gets going this year...lookout below
[08:53] {fernp} Good morning everybody
[08:53] {Les} hey fern
[08:53] {Threei} fern :)
[08:54] {strider} mornin' fern
[08:55] {i2romantis} gm all :)
[08:55] {Les} hi i2
[08:55] {Threei} i2r :)
[09:00] {Threei} NFLX Piper Jaffray raises price target to $78 from $57; maintains Overweight rating (timing uncertain)
[09:00] {dino} gm all
[09:00] {nemo} yeah, they killed it yesterday
[09:00] {Threei} dino :)
[09:02] {strider} Good gosh, up almost 12 bucks from yesterday morn.
[09:02] {nemo} yep
[09:03] {Threei} BLTXX Baltic Dry Bulk Index down around 4% (3nd straight fall)
[09:03] {dino} f nice report, kicking govt motors butt
[09:04] {Threei} as it well should
[09:15] {Threei} TM: Toyota recall expanded by additional 1 mil vehicles
[09:15] {Threei} sheesh
[09:15] {ese} good morning....
[09:15] {Threei} ese :)
[09:15] {Threei} feeling better?
[09:15] {ese} it's the world as seen through a non thumping head
[09:15] {ese} yes tks vad
[09:16] {billyc} gm everyone
[09:16] {ese} can't emember the last time I had a headache
[09:16] {ese} billy
[09:16] {Threei} I think it's because you skipped Bahamas... look at this:
[09:16] {Les} billy, non thumping ese
[09:16] {Threei} billy :)
[09:18] {dino} qcom, ttek, kex
[09:18] {nemo} nflx dino
[09:18] {ese} i sold my cien yesterday at .05 +.22
[09:18] {Threei} QCOM was seriously beaten up after hours
[09:19] {dino} see itksp, pot, azn, abfs
[09:19] {nemo} pot guided down
[09:20] {dino} watching mos, cagc off of it
[09:21] {Les} what was QCOM's crime?
[09:21] {ese} my goodness nflx up 11pts
[09:21] {nemo} earnings
[09:22] {nemo} dude
[09:22] {ese} dude
[09:22] {ese} like ahhhhhh justa ahhhhhh like seen it ehhhhhhh
06[09:23] * Threei pours ese a glass of dasrk rum spiked with sedatives
[09:24] {larisa} gm :)
[09:24] {Threei} larisa :)
[09:24] {ese} that would be a headache enlarger for this morning
[09:24] {ese} laris
[09:24] {Threei} no way
[09:24] {larisa} vad, ese :)
[09:26] {nemo} lari :)
[09:26] {ese} it would seem we are looking at end of month beginning of month window dressing
[09:26] {larisa} nemo :)
[09:28] {lasertrev} gm
[09:28] {Threei} trev :)
[09:28] {strider} morning trev/
[09:29] {lasertrev} :)
[09:29] {Threei} Apple Inc Barclays reiterates Overweight rating, price target to $285 (update)
[09:29] {Threei} - Analyst comment that iPad lauch generally in line with expectations, however does note that pricing more attractive than had expected.
[09:29] {Threei} - Prior price target $265
[09:31] {Les} nflx looks like sputnik, the ticker up there on its own
[09:31] {nemo} pot guides lower and mos shoots up...
[09:33] {Threei} watching WFC for strong pullback
[09:33] {Threei} ,25 zone at least, possibly lower, for long entry
[09:33] {nemo} system froze
[09:34] {Threei} actually...
[09:34] {Threei} Short Setup: WFC .40 break if stays under .45
[09:36] {Threei} invalidated
[09:37] {Les} ttek .20 b/d?
[09:37] {Les} after consolidatno
[09:37] {Threei} way too wide range
[09:38] {dino} qcom sm l .60
[09:38] {Threei} what's with PEIX?
[09:39] {dino} dk
[09:39] {ese} does anyone know what the futures were quoting before the market opened
[09:41] {dino} up
[09:41] {Threei} Long Setup: CAT .60 if stays above .50
[09:41] {ese} tks
[09:43] {nemo} got stopped
[09:46] {i2romantis} out NFLX +2.00, enough for today
[09:46] {Les} lol
[09:46] {Threei} Long Setup: X .10
[09:46] {Les} well done
[09:46] {Threei} half lot
[09:46] {Threei} stop under .95
[09:46] {Threei} 1:1
[09:47] {ese} mags would be goin nuts on rimm if he were here
[09:48] {ese} L cien .10
[09:48] {dino} qcom out .00, +.40
[09:49] {ese} were you long or short dino
[09:49] {dino} red scanners
[09:49] {dino} long es, posted
[09:49] {dino} ttek
[09:50] {ese} cool...sorry ...missed it
[09:50] {Threei} WFC
[09:50] {Threei} sharp selloff
[09:50] {dino} np
[09:52] {Threei} (US) Senate minority leader McConnell: Senate should be able to come to agreement on Obama proposals on boosting exports and alternative energy
[09:52] {Threei} ***Note that in yesterday's State of the Union speech, President Obama said providing incentives for energy efficiency and clean enery is "the right thing to do."
[09:52] {dino} if uneconomical ways are the right ways, sheesh
[09:53] {Threei} "right thing to do" has nothing to do with economics, it's a guilt thing
[09:53] {dino} bingo
[09:54] {fernp} any read WFC, Vad?
[09:54] {Threei} pullback to .45, I'd feel much safer buying it
[09:54] {Threei} with stop under .40
[09:54] {fernp} ok, ty
[09:55] {dino} all red
[09:56] {ese} L qcom .01
[09:56] {dino} nice
[09:56] {ese} out ..25
[09:57] {ese} +.24 4k
[09:57] {ese} this is going to take off buts thats good enough
[09:57] {ese} tks dino
[09:57] {Les} jeezuz ese
[09:58] {Les} i've been playing with qcom, not as skillfully as you ese and dino
[09:58] {dino} gj
[09:58] {i2romantis} i understand +.24, but what is 4K? size or profit?
[09:58] {Les} but pulled myself out of the hole I had made
[09:58] {Threei} 4thousand shares i2r
[09:59] {dino} les, 1st trade on it on months
[09:59] {i2romantis} ok :)
[09:59] {Les} yeh I followed you first trade
[09:59] {Les} but was in too heavy
[09:59] {Les} had to cut losses
[09:59] {Les} next time smaller shares
[09:59] {ese} classic capitulation there......been watching dino play these for a while....was a confidence thing just by watching T&S
[10:00] {dino} ttek sm l .76
[10:00] {Les} yeh ese I jumped in at around the same price as you
[10:01] {Les} but earlier
[10:01] {dino} stop .49
[10:01] {Les} on the 2nd time I traded it
[10:01] {Threei} WFC, take profit uinto next spike
[10:01] {Threei} unless you are pesky scalper and out already
[10:01] {ese} but it's also done 40 million shs it wayt's freight train ..once it gets started in one direction's gonna keep goin tha
[10:02] {ese} it's a freight train
[10:02] {Les} will look on it again to check how it played out
[10:02] {dino} nflx lod
[10:03] {nemo} 60.03 support
[10:03] {nemo} 61.03
[10:03] {nemo} no i was right the first time
[10:03] {nemo} nevermind
[10:03] {nemo} oy
[10:04] {fernp} I was one of those pesky scalpers Vad. TY
[10:04] {Threei} I knew it
[10:05] {Threei} Short Setup: CAT .40 break
[10:05] {Threei} .55 resistance
[10:05] {dino} scanners all red again
[10:06] {Threei} no worky CAT
[10:06] {strider} stop stop stop
[10:07] {Threei} still looks like a short to me... maybe a rinse
[10:07] {Les} you are an ex grunt
[10:07] {fernp} CSCO on lows too
[10:09] {strider} short AIG .32
[10:09] {Threei} CAT was a rinse
[10:09] {Les} s cat .38
[10:10] {fernp} CSCO .85 break stop above .95
[10:10] {dino} back in 5, have to shovel sidewalk
[10:10] {dino} hard stop ttek at .49 fwiw
[10:10] {Threei} make magoo do it
[10:11] {Threei} beautiful on AIG strider
[10:11] {Les} out .25 cat
[10:11] {ese} you know what hasn't been working with my quotes is the nyse tick and trin......everybody else getting them
[10:11] {strider} still in 1/3
[10:12] {Les} got 200 ma holding it up strider. if that gives away...
[10:13] {strider} +.11 +.16, stopped last +.05
[10:14] {strider} still setting up to go
[10:15] {dino} gj
[10:16] {strider} TM short break of low?
[10:17] {Threei} probably
[10:17] {Threei} ZI was itching to short it whole day yesterday
[10:17] {Threei} never found good entry
[10:17] {Threei} ditto AAPL
[10:17] {strider} partial aggressive t .15
[10:18] {Les} s cat small .10
[10:19] {Les} out .90
[10:19] {strider} stopped
[10:19] {Threei} wtg
[10:20] {Les} things are moving more predicably today
[10:20] {Les} predictably
[10:20] {dino} weeks like this make me think i should trade from home. too many drop-ins
[10:22] {dino} ttek tear down that wall
[10:24] {dino} kof
[10:25] {ese} huh....spectacular i think ek reports 1.36 V .18e is that right ?
[10:26] {Les} cat consolidating to b/d thru support
[10:27] {Threei} unless marjet reverses
[10:27] {Les} y
[10:27] {Threei} AAPL...
[10:27] {Threei} impossible to nail entry
[10:27] {Threei} I know it's a short
[10:28] {dino} stepping back, all red
[10:30] {ese} bstop ek .70
[10:31] {ese} sorry .71
[10:31] {Threei} Short Setup: X .95
[10:31] {Threei} half lot
[10:32] {Threei} 47.10 invalidation
[10:33] {Les} aa 13 b/d?
[10:33] {Threei} yes
[10:33] {nemo} chart for x is bad
[10:34] {Threei} bad for what?
[10:34] {nemo} bad data chart shows .10 quotes are up arounnd .35
[10:34] {ese} ek has to hold above .60 or i remove the bstop
[10:35] {Threei} hmm?
[10:35] {Threei} everything matches here
[10:35] {Threei} switch server?
[10:35] {nemo} switched all of them
[10:36] {fernp} yes, is bad. spread is -0.23 (minus)
[10:38] {nemo} I rebooted laser, data still bad
[10:38] {nemo} for X only so far
[10:38] {fernp} CSCO 1:1
[10:39] {dino} ioc
[10:39] {dino} mjn spike
[10:42] {ese} bstop ek removed...invalidated
[10:44] {nemo} weird for MOS in LII I've got LOD of 56.22 yet it just hit 56.03, something is wrong with the system
[10:44] {ese} vad question? basically i removed the by one that because i've watched you invalidate buys if they move ouside of a .10 range. is that because of a strenght least thats my impression of your setups
[10:44] {ese} bstop
[10:45] {Threei} not necessary 10 cents,
[10:45] {ese} yes that was going to be my next question
[10:45] {Threei} rule is, if a stock violates stop level before triggering - trigger is invalidated
[10:45] {Threei} chart defines support and resistance that form a setup's structure
[10:45] {Threei} so when I say:
[10:46] {Threei} ABCD is long in .20 break if stays above .10
[10:46] {Threei} break of .10 naturally invalidates the play
[10:46] {ese} yes
[10:46] {ese} what determines the range for you
[10:46] {Threei} .10 cents is simply because I prefer tighter setups
[10:46] {Threei} but chart may indicate other ranges
[10:47] {ese} ok
[10:47] {Threei} chart configuration
[10:47] {dino} good q es, thx vad
[10:47] {ese} what the bars are indicating?
[10:47] {ese} 1min bars 5 min etc
[10:47] {Threei} sorry, not sure I understand
[10:47] {Threei} 1 min bar indicastes price change within 1 min
[10:48] {ese} well if 1 min bars are showing say .08 range....then the invalidate will be .08 below where the trigger is
[10:49] {Threei} ugh, no
[10:49] {dino} ttek to flat, mkt drop
[10:49] {Threei} I never define a range by just one bar
[10:49] {Threei} look ast gld
[10:49] {ese} number of bars?
[10:49] {Threei} 1 min
[10:49] {dino} qcom breaks .00 down
[10:49] {Threei} time from
[10:49] {Threei} 10:05
[10:49] {Threei} to
[10:50] {Threei} 10:32
[10:50] {Threei} see the 20 cents range formedZ?
[10:50] {ese} gld?
[10:50] {Threei} yes
[10:50] {ese} ok .40 to .60
[10:50] {Threei} .40 break would have triggered short, with stop above .60
[10:51] {Threei} .60 break would have (and did) triggered long with stop under .40
[10:51] {Les} $ up
[10:51] {nemo} fcx chart off too
[10:51] {ese} so a time factor this case 27 min
[10:51] {ese} ok i'm getcha
[10:51] {fernp} VZ .60 break, Vad?
[10:51] {Threei} there is no fast rule to the length of consolidation period
[10:52] {ese} ok
[10:52] {Threei} I don't like it fern
[10:52] {fernp} ok. ty
[10:52] {Threei} has distinctive smell of trap to it
[10:52] {dino} bid/ask reverse troubles here nemo, on listed
[10:53] {nemo} yeah
[10:53] {Les} AA and CAT both b/d candidates
[10:53] {Les} market willing
[10:54] {dino} ndx fills 12/17 gap, 1778
[10:54] {Threei} 10:51] {Threei} there is no fast rule to the length of consolidation period
[10:54] {Threei} but it should be something reasonable,
[10:54] {Threei} 2-3 bars make range not
[10:54] {Les} you talking to me?
[10:54] {Threei} the only exception is open breaks,
[10:54] {Threei} they are usually shirter,
[10:55] {Threei} simply because market was open for a brief time, things happen faster
[10:55] {Threei} no Les
[10:55] {Threei} I am just blabbing in general
[10:55] {Les} very good then
[10:55] {Threei} ignore at your peril though
[10:55] {dino} alrighty then.
[10:56] {dino} remember enda gap i mentioned yesterday
[10:56] {larisa} snda you mean
[10:56] {dino} opps, yes, you remembered
[10:57] {lasertrev} note: nyse was down for a min. now it is ok.
[10:57] {dino} 45.50 area
[10:57] {lasertrev} will keep you all updated
[10:57] {nemo} x o.k. now
[10:59] {dino} ave sm l .99 ioc
[11:02] {dino} ndx -6.5% since 1/19; other ~-5.6%
[11:02] {Threei} gosh... I thought SIRI went bankrupt already... yet it pops up on ascanner with 52 week highs, lol
[11:03] {dino} imo, odd as tech has been repoting well
[11:06] {dino} nemo, med?
[11:07] {dino} 50 ma around 16
[11:07] {Threei} CAT isn't seeling off with market
[11:07] {nemo} .69 is pivot support dino...I have no conviction on a bounce here
[11:08] {ese} L ek .62
[11:08] {dino} q? when using your 50/200 etc, what time frame?}
[11:08] {ese} used .50 to .60 range as support resistance and trigger
[11:09] {nemo} me? 1minute
[11:10] {nemo} If med doesn't hold it here, goes to 16.60 or so
[11:11] {dino} on longer term chart; say 52 wks
[11:11] {nemo} I'll set the average to the period at which I'm looking
[11:13] {Threei} RU) Russia Fin Min: World might need global currency regulation
[11:13] {Threei} sigh
[11:14] {dino} i am on other side, markets will force it
[11:14] {nemo} governments won't force issue immovable object hits irresistable force...annihilation
[11:15] {nemo} 2012
[11:25] {dino} cmp
[11:32] {Threei} AA 1:1
[11:33] {Threei} lended itself to large shares, too
[11:34] {Threei} selloff acelerates
[11:35] {Threei} little bounce, then more selling IMO
[11:35] {Threei} it's not over, nowhere even close
[11:36] {dino} 10080 broke
[11:36] {dino} 1080
[11:36] {nemo} yeah...strap in
[11:39] {larisa} RIMM sellers on vacation
[11:39] {Threei} X
[11:39] {dino} ttek holds
[11:39] {Threei} bounce into resistance on decreasiong volume
[11:40] {dino} ioc stopped while away
[11:40] {nemo} we may have a battle around 1080 for awhile
[11:41] {nemo} especially going into lunch
[11:43] {Threei} Short Setup: X .40 break
[11:43] {Threei} invalidated
[11:44] {dino} ttek out .25, +.49
[11:44] {dino} like to see qcom re-test
[11:45] {dino} ua interesting, nice report
[11:48] {dino} ua sm l .99
[11:48] {dino} snda sm l .97
[11:49] {dino} qcom sm l .75
[11:51] {dino} quiet around here
[11:51] {Threei} is it my connection or quotes are sloppy?
[11:51] {nemo} no magoo
[11:51] {nemo} what have I been saying
[11:51] {dino} lol
[11:51] {dino} magoo, mia
06[11:51] * nemo slaps Threei around a bit with a large hearing aid
[11:52] {Threei} I didn't mean two hours ago when everything was OK and you were the only one wituy a problenm {G}
[11:52] {dino} gut feel, 1080 and 1778 gaps had to fill, now up
[11:52] {Threei} O am talking just last couple minutes
[11:52] {nemo} You sayin' I got problems?
[11:52] {dino} 3i, i mentioned it too w/listed, bid/ask issues
[11:53] {nemo} that would be the thing for the markets to do, just like that H&S in july
[11:53] {larisa} we will break 10K dino, wanna bet ? :)
[11:53] {Threei} wqas fine for me all this time
[11:53] {dino} lol larisa, it's only 55 pts
[11:53] {larisa} chicken
[11:53] {nemo} I've got 10092
[11:54] {larisa} he means low
[11:54] {dino} ohhh mannnnnn, nobody calls me chicken. you're on gal, a beer
[11:54] {larisa} lol
[11:54] {nemo} listen lamb chop
[11:54] {Threei} Short Setup: BRCM .20 break
[11:54] {Threei} if stays below .25
[11:55] {Threei} Long Setup: RIMM 64 break
[11:55] {Threei} if stays above .85
[11:56] {Threei} BRCM invalidated
[11:57] {dino} on my watchers, strength in kss, fcn, cagc, rino
[11:58] {Threei} invalidation galore
[11:59] {Threei} US Senate approves "paygo" measure
[11:59] {nemo} program new taxes
[12:00] {Threei} - "Paygo" requires new spending to be offset with cuts or revenue increases (taxes) to offset the spending
[12:00] {nemo} cuts? what are those?
[12:01] {ilana} BRCM again
[12:01] {Threei} Treasury Sec Geithner: 2011 budget plan has $5B energy tax credit increase
[12:01] {Threei} SEED Guides FY10 Rev CNY630-660M (0.89, -0.05, -5.32%)
[12:04] {Threei} - CEO: We remain acutely confident in the strength of our market opportunity, our positive results, our company, and our long term solutions. We had another good quarter, as we continue to press on toward the completion of more advanced technologies and adding to our product offerings to drive improved performance going forward.
[12:04] {ese} outta here all cya tomorrow...or maybe a little later today if i get time
[12:04] {Threei} take care ese
[12:04] {dino} cya es
[12:05] {fernp} bye ese
[12:07] {larisa} AMZN refuses to sell into earnings, me missing a lot of trades today. too much green tea
[12:08] {dino} crm sm l .00
[12:14] {nemo} my data wron on crm says low is 63.53 low seems to be .94
[12:15] {Threei} I don't know what green tea has to do with it but I am just not finding plays
[12:15] {Threei} whatever I do find gets invalidated
[12:15] {dino} i show spike to it
[12:15] {Threei} who sees something worthy, share
[12:15] {nemo} ppt is listening in on the room, you make a call, they fade it
[12:15] {strider} I faded the RIMM invaliumidated awhile ago.
[12:15] {dino} 4 on, already shared above
[12:15] {Threei} they are stupid then
[12:16] {Threei} better let it trigger, then fade
[12:16] {strider} I did.
[12:17] {strider}'re not talking to me.
[12:17] {strider} I should have known.
[12:20] {larisa} when I see missed setup like X short off 46.80, i want to hurt somebody :)
[12:20] {strider} va.
[12:20] {strider} vad
[12:20] {nemo} you can hurt me lari
[12:20] {strider} hurt him.
[12:21] {nemo} :)
06[12:21] * Threei slowly moves away from Larisa, trying not to attract attention
[12:21] {nemo} that's alright lari, I second guessed myself on amzn short at .90
[12:22] {larisa} was nice too with divergence, but hesitant today on AMZN. earnings
[12:23] {nemo} they'll report great numbers from Xmas and then sell off
[12:23] {nemo} it's a retail stock
[12:23] {dino} crm stopped -.35
[12:23] {Threei} ACOR Regis Technologies, Inc. has received an Establishment Inspection Report (EIR) from tFDA stating that Regis passed the FDAs pre-approval inspection (PAI) for its manufacture of 4-Aminopyridine the active ingredient in Ampyra. (34.67, -0.14, -0.40%)
[12:24] {Threei} (US) Senate approves measure to increase debt limit to $14.29T (related EUR/USD TLT SHY IEF )
[12:24] {dino} why even vote limits, they just raise them
[12:25] {Threei} why not vote pnce
[12:25] {Threei} "no limits no more, never, at no number"
[12:25] {dino} who is john galt?
[12:25] {Threei} that's it,. problem solved
[12:28] {Threei} Short Setup: X .50 break
[12:28] {Threei} if stays under .65
[12:28] {fernp} .65 el stop
[12:28] {fernp} ok
[12:28] {Threei} el stoparino
[12:29] {nemo} or is it la stoparina
[12:30] {nemo} ehhh...lunchtime
[12:30] {strider} I think I dated her in high school.
[12:30] {nemo} ha ha ha
[12:31] {Threei} 1:1
[12:31] {strider} how the heck did you catch that?
[12:32] {fernp} missed
[12:32] {Threei} hit .50 when it melted down
[12:32] {Threei} put .36 bid in
[12:32] {nemo} tims might be a long above .80
[12:32] {nemo} .60
[12:33] {Threei} that wasn't really a nice smooth play
[12:33] {Threei} my entry and exit both werre closer to lucky accident
[12:33] {Threei} than to normal smooth trading
[12:33] {nemo} phenomenal
[12:34] {larisa} rinsed stops at day low.. tough one to catch
[12:34] {Threei} immediate bounce into .60, sheesh
[12:34] {Threei} as one Soviet poet famously asked... "who ever saw crying Communist?"
[12:34] {nemo} yeah, setting up a reverse H&S
[12:35] {nemo} cat looks like it might turn north from tht chart pattern
[12:35] {Threei} I don't really feel it's time for reversal plays yet
[12:35] {nemo} so much for X holding
[12:35] {dino} gut says; "giddy-up"
[12:35] {larisa} :)
[12:36] {Threei} if anyone went for second setup on X I: a) recommend taking profit here and B) can't believe your audacity
[12:36] {Threei} there, 1:1 again
[12:36] {dino} fcx getting close to oct gap
[12:36] {dino} fdx nov.
[12:36] {Threei} dino, I believe in giddy-up, just not right now
[12:37] {Threei} a bit more frustration for bottom hunters
[12:37] {Threei} want something really funny?
[12:37] {Threei} KSystems, who hosts our chat server
[12:37] {dino} but you forget, am 3 hours ahead of you
[12:37] {Threei} can't connect the room
[12:37] {Threei} oh, lol
[12:38] {Threei} wow X
[12:38] {dino} 12:38 here
[12:39] {Threei} gold sold off like world's financial system just got fixed by Martians
[12:39] {dino} itri sm l .50
[12:40] {Threei} Long Setup: FCX .50 break
[12:40] {Threei} .35 support
[12:41] {Threei} not a scalp
[12:42] {larisa} dino convinced you it is time for reversals? :)
[12:42] {Threei} yeah, he is three hours ahead of me
[12:42] {Threei} this is my dream time machine
[12:42] {strider} I'm outa here. Got to go act like I know something for a couple of hours.
[12:42] {Threei} lol strider, take care
[12:42] {larisa} bye strider
[12:42] {strider} see ya in the morning. :)
[12:43] {nemo} order at .38 on rimm
[12:43] {nemo} offer
[12:43] {nemo} gone
[12:43] {Threei} FCX invalidated for now but still on agenda
[12:43] {Threei} X
[12:43] {Threei} long on pullback
[12:44] {Threei} not sure of exact entry yet
[12:44] {Threei} .60 break
[12:44] {Threei} if holding .50
[12:44] {larisa} 45.48 support
[12:45] {dino} qcom stopped -.40
[12:45] {Threei} ugh
[12:45] {Threei} invalidated again
[12:45] {Threei} I am telling you
[12:46] {larisa} at least they are not triggering
[12:46] {Threei} true but the sheer number of invalidated plays today is incredible
[12:47] {Threei} FCX another leg down
[12:47] {Threei} dino, you sure it's three hours?}
[12:47] {Threei} maybe 2 and half?
[12:48] {Threei} great
[12:48] {Threei} now X is working
[12:49] {Threei} Les
[12:49] {Threei} picked up on IPad moniker, same idea that you mentioned yesterday
[12:50] {dino} lol
[12:50] {Threei} oh come on... X 1:2
[12:51] {dino} see vad that 2+hours shows me alot
[12:51] {Threei} no doubt
[12:51] {nemo} I thought it invalidated
[12:51] {Threei} that's why "come on" remark
[12:51] {nemo} oh,
[12:52] {Threei} look at the chart when it pulled back
[12:52] {Threei} perfect setup
[12:52] {Threei} and worked perfectly, just invalidated out trigger first
[12:52] {nemo} yeah, db'd at .40
[12:52] {Threei} I thought of changing it to .40 - .50
[12:53] {Threei} hard to tell what stopped me
[12:53] {nemo} did it hurt
[12:53] {Threei} thinking?
[12:53] {Threei} it always does
[12:53] {nemo} yes
[12:53] {Threei} sometimes I can channel my headache on ese though
[12:53] {Threei} just don't tell him
[12:54] {larisa} lol
[12:54] {nemo} cat just broke downtrend
[12:54] {Threei} 1:4... crying communist arrives
[12:55] {nemo} come on comrade, take it like a lumpen
[12:55] {Threei} with double dose of vodka you mean?
[12:55] {nemo} spy about to break resistance
[12:55] {nemo} sure
[12:55] {Threei} Long Setup: CAT .60 break
[12:55] {nemo} stop at bottom of this pull back or .52
[12:55] {nemo} ?
[12:56] {Threei} no
[12:56] {Threei} .45
[12:57] {Threei} FCX,
[12:57] {Threei} pullback long entry, under .50
[12:58] {nemo} come on cat hol .52 so I can give vad a hard time
[12:58] {Threei} I don't see any connection
[12:58] {nemo} yeah...not like I need an excuse
[12:58] {Threei} you are giving me hard time in any case
[12:58] {Threei} some people have to work for it,
[12:58] {Threei} to some it comes natyrally
[12:59] {nemo} unlike spelling
[12:59] {Threei} and the very fact of their existence gives hard time to those around
[12:59] {i2romantis} :)
[13:00] {Threei} .52 was low for FCX
[13:00] {Threei} sigh
[13:00] {nemo} :):):):):):):)
[13:01] {nemo} actually I saw a fractional print below
[13:01] {Threei} if I had to give a name to today it would be "A Cemetery of Escaping Opportunities"
[13:01] {nemo} very nice
[13:01] {nemo} amzn
[13:01] {nemo} triang
[13:02] {Threei} stolen from Eric Maria Remarh (sp})... one of his charracters calls another A Cemetery of Dead Beef Steaks
[13:02] {Threei} US) Commerce Sec Locke: Looking at steps to deal with industrial policy toward China, blocking Chinese imports is not the answer to dealing with trade deficit
[13:02] {Threei} - Planning clean energy trade mission to China and Indonesia
[13:02] {nemo} everything is plagiarism
[13:03] {dino} why even waste money on a clean energy china mission? these guys are clueless
[13:03] {nemo} china could care less
[13:03] {Threei} because dino, they want to "do a right thing"
[13:04] {dino} they still don't get that we need to deal w/our jobs problem
[13:04] {Threei} and we all know which road is paved with good intentions
[13:04] {dino} think about this heathcare issue. nobody can buy it w/o jobs, but they still push it
[13:05] {Threei} who cares... they have Bush to blame
[13:05] {dino} and he says lower taxes are not the answer, well his higher taxes and more regulations do not inspire hiring
[13:05] {Threei} last thing I expected that one year later he will still use him as an excuse
[13:05] {dino} i give up. waiting for john galt
[13:05] {nemo} see where oregon is instituting a gross revenue tax
[13:05] {Threei} move your fat butt CAT
[13:05] {nemo} or maybe it's only portland
[13:06] {dino} "get out of the way"
[13:06] {dino} qcom last try sm l .50, stop lod
[13:07] {Threei} btw, same as with porevious call... CAT if triggers and works, is not a scalp
[13:07] {Threei} 52 at least, and 52.50 is not out of question
[13:08] {dino} and think of this, we have the wprlds ;argest nat, gas reserves, but no he says., rather than create millions of jobs and wipe out our trade deficit (no more oil imports), he doesn't want to use nat. gas. likes giving billions to middle east i guess
06[13:08] * Threei kicvks CAT in the rear
[13:08] {dino} we are ruled by the biggest dumbasses in our history
[13:09] {dino} my rant is done
[13:11] {nemo} looks like we're of 1080
06[13:12] * Threei kicks CAT in the rear with heavy duty army boots
[13:12] {nemo} somebody call PETA
[13:13] {Threei} US Senate Majority Leader Reid (D): Planning to release the new jobs package next week
[13:13] {Threei} oh god
[13:13] {Threei} Ok kitty
[13:13] {Threei} off to races, will ya
[13:14] {Threei} if this one doesn't work, I go to monastery
[13:14] {larisa} stubborness at .60 wierd
[13:16] {larisa} come on CAT, give it to Vad
[13:17] {Threei} here kitty kitty kitty
[13:18] {Threei} what the deuce
[13:18] {Threei} gets going and stops
[13:18] {nemo} stop is .52?
[13:18] {Threei} gets going again, and returns to a start line
[13:19] {Threei} why would it be at .52??
[13:19] {nemo} 4-5 minutes ago db candles
[13:19] {Threei} I have different play in mind
[13:20] {Threei} .45 stop, same as from the beginning,
[13:20] {Threei} it tested .47 since the call
[13:20] {Threei} two targets
[13:20] {Threei} one is closer to 52, somewhere in .85 - .95 area
[13:21] {Threei} another is closer to 52.50,
[13:21] {Threei} something like .25-40 area
[13:21] {Threei} if all you wanted is scalp with .652 stop, you have 1:1
[13:21] {Threei} .52
[13:23] {Threei} Salinger died
[13:23] {nemo} Pierre or JD,,,I think Pierre was already dead
[13:24] {Threei} JD
[13:24] {Threei} catcher in the Rye
[13:24] {nemo} yep
[13:26] {fernp} out CAT ty Vad
[13:26] {Threei} NLST Settles patent infringement with MetaRam
[13:26] {Threei} - reached a settlement in the patent infringement lawsuits with San Jose, CA-based MetaRAM, Inc. The... (4.01, +0.22, 5.80%) more...
[13:26] {Threei} -The settlement resolves a dispute between the two companies concerning the use of proprietary memory modules, power management operations and other related technology.
[13:26] {Threei} - MetaRAM will not sell, offer to sell, release, or commercialize the MetaRAM DDR3 controllers in the U.S. or outside the U.S. Netlist contended that MetaRAM's DDR3 controllers and memory modules incorporating such controllers infringed its U.S. Patent No. 7,289,386, entitled "Memory Module Decoder." A provision in the settlement protects Netlist if another company purchases MetaRAM's patent and attempts to seek action against Netlist in the future.
[13:27] {Threei} welcome fern
[13:29] {Threei} over 1:1
[13:30] {Threei} first target hit
[13:30] {Threei} half out .88
06[13:31] * Threei slaps all pesky scalpers around a bit with frozen bony trout
[13:31] {Threei} NLST moving
[13:32] {fernp} Vad sometimes, you are good (CAT)
[13:32] {fernp} :-)
[13:32] {larisa} it worked, caz I asked nicely. he needs to learn not to kick, but be nice
[13:33] {Threei} thank you (I guess)
[13:33] {nemo} fcx not going up with arket
[13:33] {Threei} I find it hard toi believe Larisa...
[13:33] {fernp} well, forget "sometimes" word :-)
[13:33] {Threei} kind word and gun work much better than kind word alone
[13:34] {fernp} lol
[13:34] {nemo} rimm at downtrend line and 200 fwma..might be consilidating for another run on break of .45
[13:35] {nemo} support at .35
[13:36] {ilana} would CAT be a day trade?
[13:36] {Threei} to me that's what it is
[13:36] {ilana} ok thx
[13:37] {ilana} what would be the trail stop now?
[13:37] {ilana} under .70?
[13:37] {Threei} half out +.28, half trailed to breakeven
[13:37] {ilana} i see
[13:38] {Threei} next trail will be after it breaks 52
[13:40] {Threei} NLST is momo candidate
[13:40] {Threei} and overnight candidate
[13:41] {Threei} dtop to under .80 now
[13:41] {Threei} stop
[13:43] {Threei} 50 cents up
[13:45] {Threei} kind of half way between targets.. maybe 1/4 more out
[13:45] {Threei} personal choice
[13:45] {nemo} vwap at .07
[13:46] {Threei} UN official: UN special envoy held talks with a senior Taliban leader about potential peace agreement
[13:46] {nemo} oh, is that his head on the internet
[13:46] {Threei} I am imagining it's "you get out of our country and we are at peace" kind of agreement
[13:47] {dino} peace w/taliban=peace w/terrorists
[13:47] {dino} vote no
[13:47] {Threei} guess who is on TV
[13:48] {Threei} ranting agasinst damn banks and insurance companies
[13:48] {dino} elsworth toohey
[13:49] {Threei} funny wording:
[13:49] {Threei} will not stop fighting for healthcare for american people
[13:49] {Threei} considering that american people are against it, fighting with whom?
[13:50] {dino} he keeps this up, everybody will be covered under medicaid, as they will all be unemployed
[13:50] {Threei} 9% Expect Obamas Spending Freeze To Have Big Impact on Deficit
[13:51] {Threei} again: I take my share of the blame for not explaining it clearly
[13:51] {Threei} I can't beliebve it
[13:51] {dino} i must be losing it, but how does a freeze on 17% of the budget really matter
[13:52] {dino} especially when they keep raisig the debt ceiling
[13:52] {Threei} he doesn't have any advisor to tell him how arrogant it is?
[13:52] {dino} bingo! that's what magoo and i have been saying for a year
[13:52] {Threei} you are idiots, I am guilty in not realizing it so I'd explain twice, slower and in shorter words
[13:53] {Threei} and btw, he may be rightZ:
[13:53] {Threei} they applaud when he says that
[13:53] {dino} about the 9% sure, they are idiots
[13:53] {dino} gotta hop for 30 or so
[13:54] {dino} out ua +.37
[13:54] {Threei} wtg
[13:54] {dino} ty
[14:01] {Threei} done with CAT last 1/4
[14:01] {Threei} look at NLST offer
[14:02] {Threei} offers
[14:02] {Threei} wow
[14:02] {nemo} big bid at .40
[14:03] {Threei} same guy who just sold at .50 hopes to buy back at .40? :)
[14:06] {nemo} rimm's doing that afternoon run again
[14:40] {Threei} if market stays more or less neutral, let's keep ana eye on NLST as end of day run candidate, with .20 break as a trigger
[14:48] {Threei} lol
[14:48] {Threei} Ford guy on TV,
[14:49] {Threei} when asked about Toyota, he just can't keep himself from grinning ear to ear
[14:49] {i2romantis} lol
[14:49] {Threei} he honestly tries, and says right words
[14:50] {Threei} but grin breaks through
[14:51] {larisa} Mulalli ? he always smiles, even when testifying before congress :)
[14:51] {i2romantis} Vad, did you mean L for NLST?
[14:51] {i2romantis} or S?
[14:53] {Threei} long
[14:53] {nemo} look at that setup on rimm break of .15 we missed
[14:54] {i2romantis} thx
[14:54] {Threei} nice setup
[14:54] {nemo} yeah, look at that volume curve up into the break
[14:54] {Threei} that wasn't really a smile Larisa... that was face expression you can see on the face of ex0husband when he learns his ex divorces again
[14:55] {nemo} yeah, but now she's taken the next husband for all he's got also
[15:03] {nemo} I gotta' go c u 2morow
[15:04] {larisa} bye :)
[15:05] {dino} nlx
[15:12] {Threei} Preview: Senate to vote on confirmation of Fed Chairman Bernanke shortly
[15:12] {Threei} - Vote on Cloture due around 3:20pmET which would end the debate in the Senate and open the process to the official vote.
[15:12] {Threei} - Multiple sources have indicated that the official confirmation vote will occur immediately after Cloture.
[15:12] {Threei} - Cloture requires 60 votes to pass. By some counts circulating this afternoon, 51 senators have affirmed they will vote in favor of Bernanke, while 23 have affirmed they will vote against Bernanke, leaving up to 26 votes uncertain.
[15:12] {Threei} what a drama
[15:13] {Threei} as if they dare not to confirm him
[15:14] {larisa} losing that imaginary beer .. we need not confirmation and panic :)
[15:16] {Threei} not going to happen larisa
[15:17] {larisa} pessimist :)
[15:17] {Threei} that'd be me
[15:18] {Threei} if there are three ways for an event to end,
[15:18] {Threei} good bad and neutral,
[15:19] {Threei} I believe 4th will take place: horrific
[15:31] {billyc} gn all thanks for the trades i had a good day
[15:31] {Threei} take care billy, good to hear
[15:31] {ilana} NVLS .60 b/o?
[15:32] {dino} out snda .33, +.36
[15:32] {Threei} nice looking consolidation...
[15:32] {Threei} just don't cvount on muc,
[15:32] {Threei} much
[15:32] {Threei} thick, slow and generally narrow stock
[15:32] {ilana} nah, just +.50
[15:33] {ilana} are you out CAT yet?
[15:34] {Threei} yes, long ago
[15:34] {ilana} oh
[15:35] {Threei} we trailed stop to under .80 after it broke new high
[15:35] {Threei} then sold 1/4 more at _50 cents
[15:35] {Threei} +50
[15:36] {Threei} and last 1/4 got stopped for +.18
[15:36] {ilana} still with last 1/4
[15:36] {Threei} well, it came into second target
[15:36] {Threei} just take profit as you see fit
[15:37] {Threei} tremendous trade
[15:37] {ilana} why 52 is the last target?
[15:37] {Threei} closer to 62.50 was second target
[15:37] {Threei} 52
[15:37] {Threei} .35-.45 zone
[15:47] {fernp} another day in Mars. :-) Good evening everybody. See you all tomorrow
[15:47] {Threei} sold it Ilana?
[15:47] {Threei} wtg fern,
[15:47] {Threei} take care
[15:47] {fernp} ty
[15:48] {ilana} yes, at .38
[15:48] {ilana} thx
[15:48] {Threei} cool beans
[15:48] {ilana} in garlic souce
[15:48] {Threei} weith lemon
[15:51] {Les} AWIAV?
[15:51] {Threei} lol
[15:51] {Threei} no, but I am thinking of taking NLST
[15:51] {Les} oh yeh
[15:51] {Les} qid looking good
[15:52] {Les} I have moral dillemma
[15:52] {Les} went to wine degustation tonight
[15:53] {Les} but killed fox on highway on the way home
[15:53] {Les} first time I have killed animal
[15:53] {ilana} what's the dilemma?
[15:53] {i2romantis} terrible :)
[15:53] {Les} environmental impact
[15:53] {Les} remember, foxes are native to these parts
[15:54] {Les} they are part of ecosystem
[15:54] {Les} always my wines have been delivered by truck
[15:54] {Les} I go out, have a good time for once
[15:55] {Les} and I must kill fox
[15:55] {Les} someone is sending me a message
[15:58] {Les} pot
[15:58] {Les} wrong screen
[15:58] {ilana} is that where you cook the fox?
[15:59] {Threei} US) US Senate approves Ben Bernanke as Federal Reserve Chair
[15:59] {Threei} as if there was any doubt
[15:59] {Les} f&%ç
[15:59] {Les} that really made my day
[15:59] {Les} I'd prefer to run him over on the way home
[16:00] {Les} :D
[16:00] {Les} now I feel better
[16:00] {Threei} that'd really make a duifference
[16:00] {Threei} okay guys
[16:00] {Les} kex
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {Les} game over? ok night all c u tomorrow
[16:00] {i2romantis} 'twas a good day, see you all tomorrow
[16:00] {ilana} take care

Labels: , , ,

Wednesday, January 27, 2010

Jan 27 2010

With all the FOMC/testimonials, it was an interesting but not very readable day. First two trades of the day worked beautifully, WFC long and ALTR short, then couple smallish stops stole part of our profits, and things became increasingly random from there.

Session Time: Wed Jan 27 00:00:00 2010

[08:15] {Threei} 07:30 CAT Reports Q4 $0.41 v $0.28e(ex items), R$7.9B v $8.1Be
[08:15] {Threei} - Guides FY10 $2.50 v $2.71e, Rev +10-25% (implies range of $35.6-40.5B v $36Be
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:44] {strider} morning fern
[08:44] {strider} vad
[08:44] {fernp} st
[08:44] {Threei} strider :)
[08:56] {nemo} I guess my thought's about brk.b were right
[08:57] {nemo} had no idea they would be included on the S&P 500
[08:58] {Les} quiet morning
[08:58] {Les} Hello?
[09:00] {Threei} morning les
[09:01] {Les} morning
[09:01] {Les} TM moving nicely pre market
[09:02] {Les} damn. looks like its too late to pick up a Saab on the cheap
[09:03] {Threei} TM is probably hit by that suspension of sales?
[09:03] {Threei} yeah
[09:03] {Threei} Toyota Motor Corp BofA/Merrill Lynch looks at impact on earnings of temporary sales suspension on some vehicles
[09:03] {Threei} - "we assume the sales suspension will last three weeks and that all customers will turn to competitors such as Honda or Nissan, resulting in an opportunity loss of 90,000 vehicles (or 68bn). ...The eight models in question accounted for 56% of the 1.77mn vehicles recorded by Toyota in US retail sales in 2009."
[09:04] {Les} BRK.B being solidly traded pre market. would you permit a setup traded on it before opening?
[09:05] {Les} not permit, but counsel against a setup prior to opening
[09:06] {Threei} with smaller shares. maybe
[09:06] {dino} gm all
[09:06] {Threei} dino :)
[09:06] {Les} hi dino
[09:10] {Les} Vad, been meaning to ask you about your backup
[09:10] {Les} for your pc, which saved you recently with that drive crash of yours
[09:10] {Threei} yes
[09:10] {Les} what's your setup?
[09:10] {Threei} Acronis is my backup program
[09:11] {Les} saving to?
[09:11] {Threei} two spots,
[09:11] {Threei} one is second internal harddrive,
[09:11] {Threei} another is external one
[09:11] {Les} acronis does that automatically?
[09:11] {Threei} no
[09:12] {Threei} you launch it and tell it what you want to do
[09:12] {Threei} it can do full backup,
[09:12] {Threei} which is not just data
[09:12] {Threei} but also all programs aND THEIR CONFIGURATIONS
[09:12] {Les} following your breakdown you retain full confidence in acronis?
[09:12] {Threei} so when you reinstall everything
[09:13] {Threei} you don't lose configurations, logins etc
[09:13] {ese} GM
[09:13] {Threei} very much so
[09:13] {Threei} ese :)
[09:13] {Les} ok. thanks
[09:13] {Les} hi ese
[09:13] {Threei} 20 minutes, and everythin g is back
[09:13] {ese} hey les
[09:13] {Threei} just make sure to run it regularly
[09:13] {Threei} evertyhing missed between last backup and crash is lost
[09:14] {Threei} (CA) Canada Fin Min Flaherty: G7 meeting will discuss banking regulations; Canada has no plans to restrict executive pay
[09:14] {Threei} I think we are going to steal your banks and bankers
[09:14] {Threei} not sure it's a good thing for us though {G}
[09:15] {strider} I use acronis also, vad. I periodically do a clone of my hard drives.
[09:16] {larisa} gm all :)
[09:18] {Les} hi larisa
[09:19] {larisa} les :)
[09:20] {Threei} larisa :)
[09:20] {ese} mornin dino
[09:21] {ese} and laris
[09:21] {ese} vad you following anything in particular
[09:21] {larisa} ese, vad :)
[09:21] {Threei} don't see anything clear for the opening
[09:22] {dino} i think the theft of our bankers does not happen. i think obama is toast. he can say what he wants but the senate is no longer a one pony show
[09:23] {strider} rah-rah
[09:24] {dino} dks raises guidance substantially
[09:24] {Les} got any news on MBA mortgage applications vad? whatever that is
[09:24] {nemo} I work for them part-time...the way they screw there employees...they should do quite's pretty funny
[09:24] {nemo} their
[09:25] {Threei} *(US) MBA MORTGAGE APPLICATIONS W/E JAN 22ND: -10.9% V 9.1% PRIOR
[09:25] {Threei} - Refi's: +15.1v 10.7% prior
[09:25] {Threei} - Avg Rate on 30y mortgage: 5.02% v 5.00% prior
[09:25] {nemo} wow BA
[09:27] {Threei} CAAS Enters into JV with Beijing Auto (17.17, 0.00, 0.00%)
[09:28] {lasertrev} morning
[09:28] {nemo} lt :)
[09:28] {Threei} trev :)
[09:28] {nemo} might be weird day with all the news coming out
[09:28] {Threei} APWR A-Power Selected by China Machine-Building International Corporation in Vietnam Project (11.91, 0.00, 0.00%)
[09:30] {Threei} contract valued at $40M
[09:30] {Threei} shrug
[09:30] {Threei} TGAL Receives Silicon DRIE Tool Order From Precision Timing Device Manufacturer (1.24, +0.06, 5.08%)
[09:31] {Les} brkb starts ugly
[09:31] {nemo} not if you're short
[09:32] {Les} always the bright side to everything with you isn't there
[09:32] {Threei} CAAS, thin, but pulled back nicely
[09:32] {nemo} no
[09:32] {billyc} gm all Happy Wednesday
[09:33] {Threei} billyc :)
[09:33] {fernp} MCD 64 break could be interesting
06[09:33] * nemo slaps billyc around a bit with a large calendar
[09:33] {Les} billy
[09:36] {Threei} watching WFC for pullback and long entry
[09:36] {dino} dks sm l .50
[09:36] {Threei} under .20 most likley
[09:38] {ese} daaaa missed altr at .40 was hlping for a pullback\
[09:38] {ese} hoping
[09:38] {Threei} and watching ALTR to form a short setup
[09:40] {nemo} huge offer cat .55 will either pop or be the wall that sends it down
[09:40] {nemo} if I know
06[09:40] * nemo slaps nemo around a bit with a large dose of humility
[09:41] {strider} it won't take.
[09:41] {nemo} yeah
[09:41] {nemo} nice strider
[09:41] {Threei} Short Setup: ALTR .65 is stays under .75
[09:41] {Threei} WFC getting there
[09:42] {nemo} in altr
[09:43] {strider} long WFC ,10
[09:43] {strider} short .altr .64
[09:43] {Threei} 1:1 ALTR
[09:43] {fernp} ty
[09:43] {Les} ty out
[09:43] {Threei} Long Setup: WFC .10 break
[09:46] {Threei} ALTR 1:2
[09:46] {Threei} WFC 1:1
[09:46] {Les} ty out
[09:46] {fernp} ty
[09:47] {strider} out WFC +.10
[09:47] {Threei} (US) Preview: Dec New Home Sales due out at 10:00ET
[09:47] {Threei} **consensus expectation: 366Ke (+3.0%e m/m) v 355K prior
[09:49] {strider} cover ALTR +.10, +.18
[09:50] {Threei} we got ALTR top and WFC bottom... let's go home?
[09:51] {Les} I'll be cool if you can deliver two more like that
[09:51] {Threei} never enough, is it
[09:52] {strider} we're gonna have to put Vad on an hourly wage.....
[09:52] {fernp} or three
[09:52] {Threei} there... see?
[09:52] {Threei} lol
[09:52] {Threei} Long Setup: ALTR .65 break
[09:52] {Threei} just a scalp
[09:53] {Threei} invalidated
[09:53] {nemo} looks short actually
[09:53] {Threei} not unless market sells down badly
[09:54] {Threei} SIGA Biological and chemical defense related stocks trading higher ahead expected mention in the State of the Union tonight
[09:54] {Threei} - President Obama is expected to include a segment on beefing up US bioterror readiness in the State... (6.16, +0.06, 0.98%) more... (related PIP )
[09:54] {Threei} hmmm
[09:54] {Threei} ciuld be ICXT catalyst
[09:56] {Threei} I like ALTR for long more and more
[09:56] {Threei} not sure about exact trigger though
[09:59] {nemo} maybe bounces off .45
[09:59] {Threei} ok, let's try double bottom scenario
[09:59] {Threei} .52 long
[09:59] {nemo} scary...i'm thinking like you
[09:59] {Threei} if stays above ,45
[10:00] {Threei} *(US) DEC NEW HOME SALES: 342K V 366KE (-7.6% M/M)
[10:00] {Threei} - Prior revised from 355K to #K; prior rate revised to #% from -11.3% prior
[10:02] {Threei} no go
[10:02] {fernp} no go
[10:02] {Threei} told you let's go home after 2 wins
[10:02] {Threei} day with so many news coming
[10:05] {Threei} US) Fed's Greenlee: credit remains tight; Bank to face more losses
[10:05] {Threei} - Household access to bank credit lines remains difficult, same situation for small business
[10:06] {Threei} Congressional Budget Office: (CBO Elmendorf: US debt interest payments to exceed $700B by 2020
[10:06] {Threei} meaning, US will pay equivalent to whole stimulus package only to cover interest
[10:06] {Threei} 8Reminder: on jan 26th the CBO confirmed FY10 budget deficit at 1.3T
[10:08] {fernp} BAC .95 break, Vad?
[10:09] {Threei} not my favorite play at the moment
[10:09] {fernp} ok
[10:09] {Threei} narrow and slow, will requite too much time to develop - and I don't believe we have much time for activity today, with everything that is coming
[10:10] {fernp} ty
[10:10] {Les} GG offering a .90 b/d?
[10:11] {Les} AUY breakdownish too
[10:12] {Les} log b/d?
[10:12] {Threei} doesn't form clean resistance so far, GG
[10:12] {Les} and auy
[10:12] {Les} ?
[10:12] {Threei} this one looks better chart wise but too narrow
[10:12] {Les} ok
[10:13] {dino} ioc
[10:16] {Les} aa .25 b/d
[10:16] {Threei} nah
[10:17] {Les} its actually at support here
[10:17] {Threei} this is bounce time for AA rather
[10:18] {Les} my thinking is poor. I took a paltry 200 shares of AUY for +.05 knowing that it was likely to drop
[10:18] {ese} will catch you all later this morning....massive headache..gonna go back to bed for a bit
[10:18] {Les} ciao ese
[10:18] {Threei} take care ese
[10:18] {ese} tkslas
[10:18] {ese} les
[10:18] {fernp} bye ese
[10:18] {strider} take care, ese
[10:19] {strider} short HOG .98
[10:20] {strider} cover .96
[10:21] {dino} htch sm l .55
[10:22] {Les} If AA rolls over, can short it at lod? bounce/stop is acceptable
[10:23] {Threei} it looks bounce bound to me
[10:23] {dino} fdx sm l .75
[10:23] {Threei} double bottom is more likely than breakdown
[10:24] {Threei} I'd see long entry with stop under .15
[10:24] {Threei} seek
[10:24] {dino} itri sm l .46
[10:24] {Threei} target to sell half around .30
[10:25] {Threei} and the rest somewhere between .30 and .40
[10:25] {Les} ok
[10:28] {Threei} US) SEC' Schapiro: plans to review fundamental changes to money funds
[10:28] {Threei} - SEC staff is currently evaluationg floating net asset values, citing susceptibility to runs
[10:28] {Les} slw .20 break?
[10:28] {Threei} late
[10:28] {Les} y
[10:28] {strider} log AA .21
[10:29] {Threei} here come the bri... AA
[10:29] {Les} l aa.26
[10:30] {Threei} DOE CRUDE: -3.9M V +1.5ME; GASOLINE: +2M V +1ME; DISTILLATE: +400K V -1.8ME; CAPACITY UTILIZATION: 78.5% V 78.3%E
[10:33] {Threei} argh
[10:33] {Threei} was thinking about USO short
[10:33] {Threei} after the report
[10:34] {Threei} never saw any trigger, and thing just plummeted
[10:39] {Les} market respecting resistance
[10:39] {Les} can I fade AA if downtrend continues
[10:39] {Threei} your trigger would be .15, right?
[10:39] {Les} y
[10:40] {Threei} so you need some consolidation with better pronounced resistance
[10:40] {Threei} at this point, green spikes ruin it
[10:40] {Threei} some more flat top, to create a channel
[10:40] {Threei} and play will become valid
[10:40] {Les} k
[10:41] {strider} out AA -.02
[10:42] {Threei} AIG Moving higher as US Treasury Sec Geithner makes formal comments at House hearing on AIG bailout
[10:42] {ilana} almost the whole Utilities sector is weak and consolidating
[10:45] {Threei} AIG
[10:47] {Threei} some momo-like trading for a few moments...
[10:47] {Les} aa sufficiently consolidated now?
[10:48] {Threei} if stays under .20
[10:49] {Threei} Long Setup: AIG .65 half lot
[10:49] {Threei} if stays above .50
[10:50] {Threei} nope
[10:51] {Threei} rinse
[10:52] {ilana} market wants down (my guts)
[10:52] {Les} looks like aa was rinsing too
[10:54] {Les} wanna stick with aa vad
[10:54] {Les} only exited long position
[10:54] {Les} didn't short
[10:54] {Les} setup still valid despite this green spike?
[10:55] {Threei} things become quite random here
[10:55] {Les} crap. hate that
[10:56] {Threei} we have Timmy testimonial going, and we have FOMC today
[10:57] {Threei} do you r eally expect readable period to continue too long under these conditions?
[10:57] {Threei} we had 30 minute os readability
[10:58] {Threei} next step was to go sleep
[10:58] {Threei} or sit and observe, maybe wait for some news play
[10:58] {Threei} but not to tgry and insert ourselves in the middle of repositioning
[10:58] {Threei} where nop side has intentions to make any commitment
[10:59] {Threei} and all everyone thinks abiout is to diminish their exposure
[10:59] {fernp} WFC .40 break interesting
[11:01] {fernp} stop under .30
[11:13] {Les} MS .20 b/d if fas falls
[11:18] {Threei} Apple Inc ebooks to cost $12.99-14.99, TV episodes costing approx $1 - Boy Genius
[11:18] {Threei} - device rumored to be approx 9-10 inches
[11:18] {Threei} - Apple to take a 30% cut of all sales of books; with $9.99 for less popular book
[11:18] {Threei} this tablet thing seems to be the next big storm brewing
[11:19] {dino} no that was rimm w/storm
[11:19] {Threei} SEC approves new money market rules in a 4-1 vote
[11:19] {Threei} AIG...
[11:20] {Threei} where is magoo... this is his play
[11:21] {Threei} "this thing wants 26" (signed - magoo)
[11:22] {dino} med sm l .30
[11:22] {Les} took a small bite out of aig out +.07
[11:25] {Threei} Les... starting mastering momo trading?
[11:26] {Les} dino and mags have some good strategies under their belt. I wanna learn them
[11:26] {Les} plenty of time
[11:26] {Threei} they sure do
[11:27] {nemo} what was the crude report
[11:27] {larisa} I do not even see momo on AIG :) hopeless
[11:27] {Threei} [10:30] {Alert} Threei DOE CRUDE: -3.9M V +1.5ME; GASOLINE: +2M V +1ME; DISTILLATE: +400K V -1.8ME; CAPACITY UTILIZATION: 78.5% V 78.3%E
[11:27] {nemo} ty
[11:28] {ese} back and L cien .83
[11:28] {Threei} it's kind of sparks and fizzles larisa
[11:28] {Threei} comes and goes
[11:28] {Threei} my guess is, depends on twists and turns of Timmy testimony
[11:29] {larisa} at least it is not 20 cents range today
[11:31] {dino} nonsense, this kangaroo court stuff, just nonsense
[11:31] {dino} getting more and more like atlas shrugged every day
[11:31] {dino} who'sw next before senate, howard reardon
[11:32] {dino} hank i mean
[11:35] {Threei} truly amazing parallels eh dino?
[11:35] {Threei} nothing new under the moon
[11:49] {fernp} WFC 1:1
[11:49] {Threei} yup
[11:49] {Threei} took its sweet time
[11:49] {fernp} yeah
[11:50] {Threei} 33% Favor Second Term for Bernanke, 47% Say Geithner Should Go
[11:51] {Threei} 59% Say Cut Taxes to Create Jobs, 14% Expect Congress to Listen
[11:51] {nemo} wow...relative intelligence
[11:51] {nemo} good thing I was sitting down
[11:57] {fernp} FAZ if breaks 20...
[12:01] {dino} distraction day, itri was stopped -.39.
[12:04] {Les} aa returning to lod. will enter small shares and average in if lower prices follow.
[12:04] {nemo} why not figure out if it's a short instead
[12:04] {Les} it's being suppressed by 50 ma
[12:05] {Les} prefer long leash and small shares to begin with
[12:06] {fernp} FAZ
[12:07] {Les} small long fitb .07
[12:11] {nemo} cat should have problems around .50
[12:20] {larisa} and it did
[12:20] {nemo} well .44
[12:25] {ilana} when are all these news coming out?
[12:25] {nemo} 2:15
[12:25] {Threei} Prezident is going to address "Don't ask don't tell" in his Stae of the Union speech
[12:25] {Threei} well, good thing he has his priorities straight
[12:25] {Threei} ummm... pun is not intended
[12:26] {Les} ha. was almost going to ask
[12:26] {fernp} SANM, Vad?
[12:26] {fernp} out
[12:26] {ese} outta here or the day all......still long cien and still long a huge headache
[12:27] {fernp} take care ese, relax
[12:27] {Threei} a lot of air undr it fern
[12:27] {Threei} not something I'd want to try for a bounce just yet
[12:27] {fernp} shorted .94
[12:27] {fernp} covered .86
[12:28] {larisa} X stubbornly coming back to lows. Can it bounce off 200 MA ?
[12:29] {Threei} gj fern
[12:29] {fernp} ty
[12:29] {Threei} I don't like it for bounce larisa
[12:31] {Threei} while daily looks oversold, it doesn't have a feeling of imminent bounce to it
[12:31] {larisa} 65-46 in a week and 200 MA just under 46. But was rhetorical question. Why do not you like it?
[12:31] {larisa} oh ok :)
[12:31] {larisa} those "feelings" again :)
[12:31] {Threei} the way it punctures the lower BB again and again, it can easly drop into 45
[12:32] {Threei} and you said yourself, "stubbornly coming back to lows"
[12:32] {Threei} not exazctly the behavior of the stock ready to bounce
[12:33] {larisa} ty :)
[12:35] {Threei} Paulson testifies now
[12:35] {Threei} lol!
[12:36] {Threei} no one listens?
[12:36] {Threei} this is a beauty
[12:36] {Threei} Tim just said he was not involved in decision to rwescue AIG,
[12:36] {Threei} now Hank says:
[12:36] {Threei} I was not involved, this decision was my by NY Fed
[12:36] {Threei} which was headed by Tim at the time, lol
[12:39] {dino} and around, around we go
[12:39] {dino} med stopped, i suck today
[12:40] {Les} where's Grayson when you need him? I remember him grilling that SEC female good and proper
[12:41] {Les} what's your take on fitb as it approaches hod Vad?
[12:42] {Les} long .07 at 12:05
[12:42] {Threei} chart is right...
[12:42] {Threei} everything else is wrong
[12:43] {Les} :)
[12:44] {Les} will tighten up the stop
[12:44] {fernp} SANM was a nice, clean and easy breakdown. Why I covered too soon?... Who knows?
[12:44] {Threei} X
[12:44] {Threei} breajdown in the making
[12:47] {Threei} there... was I right or was I right
[12:47] {dino} out fdx .32 +.57
[12:48] {Threei} feel free to cover who took .50 break
[12:48] {Threei} 40 cents
[12:50] {Les} vol. activity getting heavy as AA returns to lod
[12:50] {Threei} larisa... where is my "you were right"??
[12:50] {larisa} on what?
[12:51] {Threei} sigh
[12:51] {Threei} never you mind
[12:51] {Les} short aa .13
[12:51] {larisa} if X : I was looking at daily and talking longer term :)
[12:51] {Threei} {--- is cutting his wrists with banana
[12:52] {Les} fitb stopped
[12:57] {Les} averaging in aa .08
[13:02] {Threei} RPRX Receives Guidance from FDA Regarding Continued Development of Androxal in Hypogonadal Men
[13:06] {larisa} this is depressing vad, type something over these Hypogonadal Men :)
[13:06] {Threei} X Fitch lowers rating one notch from BBB- to BB+ (now junk status)
[13:06] {Threei} there
[13:06] {Les} out aa .01 ave +.09
[13:06] {larisa} cool
[13:06] {Threei} downgrade reflects lack of visibility into the strength of the recovery and the timing of U.S. Steel's return to profitability. The Stable Rating Outlook reflects Fitch's view that U.S. Steel's liquidity is sufficient to support operations should the recovery remain weak for the next 12-18 months.
[13:07] {Threei} wow RPRX
[13:10] {Threei} sheesh
[13:10] {Threei} not even approval
[13:10] {Threei} just guidance
[13:11] {Threei} AAPL CEO JObs formally introduces 'iPad' (204.74, -1.20, -0.58%)
[13:11] {Les} women's hygiene products have gone electronic?
[13:12] {Threei} thanks for the visual
[13:12] {Les} they might want to rethink the name
[13:12] {Threei} features browsing better than that of laptop, with full web pages
[13:12] {Threei} - calls Apple a 'mobile device company'
[13:12] {Threei} X accelerates to the downside
[13:13] {Threei} that 45 might not be too far
[13:13] {Threei} larisa?
06[13:14] * Threei is drumming his fingers on the table
[13:14] {larisa} yes ?
[13:14] {Threei} never mind
[13:14] {Threei} where is that banana
[13:14] {Threei} wrist-cutting one
[13:17] {fernp} SCO .86
[13:17] {fernp} out
[13:17] {fernp} :-)
[13:18] {Threei} wow
[13:18] {Threei} nice one
[13:19] {fernp} lucky
[13:19] {fernp} dont see any news
[13:19] {Threei} neither do I
[13:19] {fernp} only a nice breakout
[13:19] {Threei} [12:31] {Threei} the way it punctures the lower BB again and again, it can easly drop into 45
[13:20] {Threei} said at 46.60.... 15 cents left to 45
[13:20] {strider} gotta run, folks. See you in the morning.
[13:20] {Threei} take care strider
[13:20] {strider} :)
[13:21] {ilana} i'll bite...
[13:21] {fernp} bye strider
[13:21] {ilana} Vad, you were right!!!
[13:21] {Threei} yessss!!!
[13:21] {strider} I took a part-time consulting job a couple of weeks ago. Taking up most of my offer I couldn't refuse.
[13:21] {Threei} thank you
[13:21] {strider} Vad was right..........again.
[13:27] {dino} cya strider
[13:29] {Threei} Preview: FOMC rate decision due out around 14:15ET
[13:29] {Threei} **In a week during which the Fed Chairman's reconfirmation has come into some question the FOMC is expected avoid rocking the boat. The main thrust of the FOMC statement is expected to remain intact, including the "extended period" language. The committee is also not expected to issue any new signals today, such as a bump in the discount rate which has been suggested as an early exit signal.
[13:29] {ilana} is it good?
[13:29] {Threei} neither
[13:30] {Threei} just makes it non-event
[13:30] {ilana} so the market should be relieved?
[13:31] {Threei} or simply left to its own devices, free to do whatever it intended to do without Fed's influence
[13:31] {ilana} good
[13:31] {Threei} and its latest inclination was down
[13:34] {Threei} X lookes to be reversing
[13:34] {nemo} rimm too
[13:34] {nemo} cat
[13:34] {Les} aa maybe too
[13:35] {larisa} played X bounce off the bottom :)
[13:35] {Threei} wtg
[13:37] {Threei} I must be missing something about this gas pedla thing in Toyotas
[13:37] {Threei} how could those guys die in this situationj?
[13:38] {Threei} what was the to prevent them from simply putting car in neutral gear?
[13:38] {Les} terror? fear?
[13:38] {nemo} anxiety when it accelerates
[13:38] {Threei} but it con tinued for quite a while
[13:38] {Threei} they phioned for help
[13:39] {Threei} and no one told them to do that
[13:39] {Les} the same majority psychology which makes them such easy targets in banking and finance?
[13:39] {Les} ring 911
[13:39] {Les} HELP ME!
[13:39] {Threei} that's what they did
[13:39] {Threei} described problem
[13:39] {dino} edu sm l .00
[13:40] {Les} and subsequently crashed
[13:40] {Threei} no one wasd capable of saying " switch to neutral"?
[13:40] {Les} or cut ignition
[13:41] {Threei} RPRX continues
[13:41] {Les} small long aa .06 13:37
[13:42] {larisa} was trading X looking at FCX chart, you should try it sometimes for fun :)
[13:42] {Les} I know that feeling
[13:42] {larisa} idiot
[13:42] {Threei} FCX leads?
[13:42] {larisa} no
[13:42] {larisa} I am idiot
[13:42] {larisa} mixed up charts
[13:42] {Threei} ummm
[13:43] {magoo} hello
[13:43] {Threei} you don't have level 2 window and cghart linked?
[13:43] {Threei} mags :)
[13:43] {Les} I have chart and trading window linked
[13:43] {Threei} missing klarge moves
[13:43] {Les} but sometimes chart doesn't change with trading window
[13:43] {Threei} in laser??
[13:43] {Les} IB
[13:43] {Threei} oh
[13:43] {larisa} i have everything color coded, trading off my alerts. was looking at chart for the top of the bounce :) wrong one too
[13:43] {Threei} never happened in laser
[13:44] {larisa} I do not use laser charts, so nothing is linked :)
[13:57] {Les} aig .20 b/d
[13:59] {dino} ioc
[14:05] {Les} out aig +.05
[14:07] {Les} out aa -.01
[14:09] {Les} aig getting funky. Geithner sneezed?
[14:09] {Threei} he is done long ago
[14:12] {Threei} 4 min till FOMX
[14:12] {Threei} 3
[14:13] {nemo} rimm broke resistance
[14:13] {nemo} broke high of the day
[14:15] {nemo} if there's no tightnening for the forseeable future language, today will likely continue rising
[14:16] {Les} everything is suddenly happen just prior to fomc time?
[14:16] {Les} not happen, happy
[14:16] {magoo} no change
[14:16] {Les} everything drops...
[14:16] {magoo} rates
[14:17] {nemo} no surprise there, now it's the language
[14:17] {nemo} rimm holding
[14:17] {magoo} usually English
[14:17] {nemo} nice one mags
[14:17] {Threei} - MBS to end in March as scheduled
[14:17] {Threei} - Inflation to be subdued for sometime
[14:17] {Threei} Vote was 9-1 to keep rates on hold (Hoenig dissented)
[14:17] {ilana} so why the drop?
[14:17] {Les} FITB below 12
[14:18] {magoo} down ..up...down
[14:18] {nemo} wow rimm
[14:18] {Threei} no worry, it will jump right back up
[14:19] {nemo} rimm momo
[14:19] {Les} traders are clearly troubled by ethical concerns of low rates; asset bubble inflation :O
[14:19] {Threei} uhhu
[14:19] {nemo} ba joke
[14:19] {Threei} that's exactly what bothers traders
[14:20] {Threei} keeps them turning andf tossing in the night
[14:20] {dino} ioc sm l .50 jumpy
[14:20] {Threei} Hoenig believed that economic and financial conditions had changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.
[14:20] {Threei} - MBS to end in March as scheduled
[14:20] {Threei} - Inflation to be subdued for sometime; Bank lending continues to contract
[14:20] {Threei} - deterioration in the labor market is slowing
[14:21] {Threei} - In light of improved functioning of financial markets, the Federal Reserve will be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1, as previously announced. In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1
[14:21] {Threei} The Federal Reserve is in the process of winding down its Term Auction Facility: $50B in 28-day credit will be offered on February 8 and $25B in 28-day credit wil be offered at the final auction on March 8. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 for loans backed by all other types of collateral.
[14:24] {Threei} Apple Inc Basic iPad tablet computer to sell for $499 (lower than consensus); to offer six different models
[14:24] {Threei} - With WiFi: $499 16GB, $599 32GB, $699 64GB
[14:24] {Threei} - With WiFi & 3G connectivity: $629 16 GB, $729 32GB, $829 64GB
[14:33] {Les} aa approaching lod
[14:33] {fernp} FITB on highs
[14:34] {Les} I've been waiting for it as a short fern. FITB just doesn't seem to want to break out
[14:35] {Les} could be wrong of course
[14:36] {Les} I'm wrong
[14:37] {larisa} psihotic market
[14:37] {Threei} psychotic too?
[14:38] {larisa} no, what I said :)
[14:39] {fernp} 1:1 FITB
[14:39] {Les} just what I was about to say. you take it?
[14:40] {fernp} yes 12.11
[14:40] {fernp} stop under 12
[14:40] {Les} small c&h breakout pattern on the q's
[14:40] {fernp} and QID short .94
[14:40] {Les} I was too late .13 entry, wasn't chasing
[14:40] {magoo} jesus, AAPL back near high after 5 point fall
[14:40] {fernp} stop above 20.05
[14:41] {fernp} out 1:1
[14:41] {Les} nice
[14:41] {dino} out ioc .81, +1.31
[14:41] {larisa} gj
[14:41] {Les} that's lucky of you
[14:41] {ilana} gj, dino
[14:42] {fernp} gj dino
[14:42] {Les} :)
[14:42] {dino} thx got lucky on fed could've gone either way
[14:42] {dino} question is edu?
[14:43] {nemo} gld making a comeback
[14:43] {Les} funny. the exuberance took some time to make its way to the market. 15 odd minutes
[14:43] {Threei} FOMC days can be funny eh
[14:43] {ilana} funny as hell
[14:44] {Les} why I didn't take FITB. thought it must be trap. too long a time
[14:44] {Les} whatever. live and learn
[14:46] {fernp} Another day in Mars. green day here. let's see tomorrow :-)
[14:46] {Threei} take care fern, good job
[14:46] {fernp} Good evening everybody. see u all tomorrow
[14:46] {Les} ciao
[14:46] {fernp} ty
[14:46] {ilana} bye fern
[14:51] {dino} out edu ave .06, +1.06
[14:51] {Les} ouch
[14:52] {Les} beers are on you today?
[14:52] {Threei} killin'em today eh dino
[14:52] {dino} well after 1 for 4 in am, something had to give
[14:53] {magoo} [14:52] {Les} beers are on you today?
[14:53] {magoo} i can only hope
[14:54] {Les} :)
[14:54] {Les} you play on a day to day basis Mags?
[14:55] {Les} or only when momo is around?
[14:56] {Les} or it might be just me, having forgotten your presence after two weeks of absence
[14:56] {Les} I'll shut up now
[14:57] {dino} lol
[14:59] {dino} back in 10
[15:05] {Threei} what's with ARMH?
[15:05] {Threei} I see no news
[15:07] {Threei} market jumps up and down as antelope with turpendtine suppository up its butt
[15:07] {nemo} now there's an analogy
[15:07] {nemo} 60 grit turpentine suppository
[15:08] {Les} and you complain to me about bad visuals?
[15:08] {Threei} not to be outdone, you know
[15:08] {nemo} :)
[15:09] {Les} still, its a funny image running through my head
[15:10] {dino} if ioc gets to 68 again....
[15:11] {dino} typical fed day down/up/down
[15:12] {dino} hate to see dks lower guidance
[15:12] {nemo} here's a bad one...
[15:12] {nemo} so, dino, it's kinda' like sex
[15:12] {magoo} ROFLOL
[15:12] {Threei} janitor
[15:13] {nemo} !!!
[15:13] {dino} lol, what movie was this; no time for in out luv just came to read the meter
[15:13] {nemo} don't know
[15:13] {dino} clockwork orange
[15:13] {nemo} How about this one, "Governor Lepetomaine, think of your secretary!"
[15:13] {Threei} wow
[15:13] {Threei} oldie
[15:14] {nemo} yeah...when that came out it was rated X
[15:14] {nemo} they'd show it on tv now
[15:15] {dino} singin' in the rain
[15:15] {nemo} Ludwig Van
[15:16] {dino} ioc getting close to 68
[15:18] {dino} i may be crazy, but gut says snda fills gap from nov early morning tomorrow. 45.35ish
[15:18] {dino} will be lookinng at that
[15:19] {dino} watching for gs at 142ish gap too
[15:22] {nemo} need one for b/e today
[15:25] {Les} wfc has had a great run today and might be ready for a sell off
[15:26] {nemo} I think a run up would be the most unexepected for the last half hour
[15:26] {Les} but everything is topsy turvy and I have no setups to work with
[15:27] {nemo} the indices haven't really broken the median trend line up that started around 1:15
[15:32] {Threei} wow
[15:32] {nemo} what?
[15:32] {Threei} market...
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 980M shares, about 18% above its three-month average; decliners lead advancers by 1.1:1.
[15:32] {Threei} - NASDAQ volume 2.05B shares, about 19% above its three-month average; advancers lead decliners by 1.3:1.
[15:32] {Threei} - VIX index -2.5% to just under 24.00
[15:33] {Les} this is one of those "sell into rally" moments the talking heads recommend?
[15:33] {nemo} maybe, maybe not
[15:34] {nemo} where else you gonna' put your money right now?
[15:34] {Les} here? a second apartment...
[15:34] {dino} could be the 4-6% drop and run again that has happened since mARCH
[15:35] {nemo} yeah, that's what I'm thinking place else to put your money...real estate, bonds, I don't think so
[15:35] {dino} well, everybody is saying down now, especially cramer. he always has you buying tops selling bottoms
[15:36] {nemo} gotta' put a stake through his heart
[15:36] {dino} i'm thinking, what can obamination do w/o the senate in his back pocket. plus, even when he had them, nothing got done
[15:37] {nemo} markets love gridlock
[15:37] {dino} me too
[15:42] {Threei} CNN
[15:42] {dino} gotta hop, son's b-ball game
[15:42] {Threei} put it in neutral or cut off the engine
[15:42] {nemo} cya
[15:42] {dino} thx all, good times
[15:42] {Threei} finally
[15:42] {Threei} take care dino
[15:42] {Les} ciao
[15:42] {dino} :)
[15:43] {billyc} gn all i had a good day thanks for the calls
[15:44] {Les} bye billy
[15:44] {Threei} great, people say thanks and disappear before I can say welcome
[15:44] {Threei} now they'll think I am impolite
[15:44] {Threei} wait... I am impolite
[15:44] {nemo} no...they know
[15:44] {Threei} right
[15:44] {Threei} no problem then
[15:44] {nemo} nah
[15:44] {ilana} they'll think that anyway
[15:45] {Threei} yeah
[15:45] {Threei} what is it I got worried about all of a sudden
[15:45] {Threei} shrug
[15:46] {ilana} but remember, you were right with X
[15:46] {Threei} yeah, and I had to beg for someone to recognize it
[15:47] {nemo} wow cat
[15:47] {Threei} such a fate of us, unsung geniuses
[15:47] {Threei} we get acknowledged after death only
[15:47] {ilana} and you got much earlier
[15:48] {Threei} not really... since I had to beg for it, and you just had a nercy on me
[15:53] {Threei} daily chart looks like dklwnside contnuation is coming
[15:53] {Threei} but today is not your usual day
[15:54] {Threei} will see how tomorrow goes
[15:54] {ilana} have a good evening
[15:54] {Threei} you too
[15:55] {larisa} bye all :)
[15:55] {Threei} see you tomorrow :)
[15:55] {nemo} c u 2morow
[15:55] {nemo} I'm off
[15:55] {Les} yeh thanks. taking a last couple of bucks from FITB short. c u tomorrow
[15:56] {Threei} take care guys, have a good evening

Labels: , , ,

Tuesday, January 26, 2010

Jan 26 2010

About flat day for us, with prolonged period of inactivity. Market stayed in a sleep mode for so long that when sell-off finally started, we missed most of it.

Session Time: Tue Jan 26 00:00:00 2010

[08:16] {nemo} just a thought...we might want to watch brk.b this might be a fairly tradeable stock for a while
[08:27] {Threei} MRNA Issued Chinese patent for the use of nucleic acids to treat cancer
[08:27] {Threei} MDRNA Inc. Issued Chinese patent for the use of nucleic acids to treat cancer
[08:27] {Threei} - The State Intellectual Property Office of the People's Republic of China (PRC) has issued a Notification of Granting Patent Rights for PRC 200480018784 which includes the use of nucleic acids, e.g., an siRNA, for the treatment of cancer. The patent describes modulation of claudins, which are proteins implicated in tumor progression and metastasis.
[08:30] {nemo} gold taking a beating like a redheaded stepchild
[08:32] {Threei} as it well should
[08:32] {Threei} together with its siblling oil
[08:33] {nemo} hey...I don't think you made a spelling mistake yesterday
[08:33] {Les} yes he did
[08:33] {Threei} I must have
[08:33] {Les} eqzactly
[08:33] {Threei} think of it:
[08:33] {Threei} snow didn't fall in Hawaii,
[08:33] {nemo} no, it's eqkaktly
[08:33] {nemo} eqzaktly
[08:33] {nemo} yeah...that's it
[08:33] {Les} that's the one
[08:33] {Threei} ppolar bears didn't appear in LA,
[08:34] {nemo} sure as hell the zoo
[08:34] {Threei} so, what poassible grounds may you have for such a preposterous claim?
[08:34] {nemo} about spelling...I just don't remember seeing a mistake, guess I missed suck
[08:34] {Threei} whew
[08:35] {Threei} my world is coming back
[08:35] {Les} stop drinking your coffee nemo
[08:35] {nemo} yeah...paradise is just not good for a healthy world view
[08:35] {Les} you're starting to sound normal
[08:35] {nemo}
[08:38] {Les} brk b does have some nice intraday movement going for it
[08:40] {fernp} Good morning everybody
[08:40] {nemo} hola fern
[08:41] {Les} hey fern
[08:41] {Threei} fern :)
[08:44] {Threei} tyhere was a split, right?
[08:45] {Les} yeh
[08:45] {Threei} US) Preview: Nov S&P CaseShiller Home Price data due at 09:00amET
[08:45] {Threei} - Nov S&P CaseShiller Home Price: 146.8e v 146.58 prior
[08:45] {strider} not showing up on daily chart yet.
[08:45] {Threei} yeah, chart looks funny
[08:46] {Les} brkb was a 3000+ dollar stock a week or so ago
[08:46] {nemo} they split it
[08:46] {Threei} I am still delighted by old friend BRK.A
[08:46] {Les} and then some
[08:46] {Les} how did you play that monster?
[08:47] {Threei} lol
[08:47] {Threei} look at the volume
[08:47] {Les} strange
[08:47] {nemo} I don't even like looking at me slippage nightmares
[09:00] {Threei} *(US) NOV S&P CASESHILLER HOME PRICE:146.28 V 146.80E ; COMPOSITE-20 Y/Y: -5.32% V -5.0%E
[09:03] {dino} gm all
[09:03] {strider} morning all
[09:04] {Threei} dino, strider :)
[09:04] {strider} :)
[09:05] {dino} fcx feels like wants that oct. gap, 67ish
[09:08] {Les} dino, strider
[09:09] {dino} strange, jst 2/1 split announced, record date 2/5
[09:10] {dino} rino bloodied again, down 12 pts in about two weeks
[09:10] {larisa} gm :)
[09:11] {nemo} aapl remarkably sedate for yesterday's performance...think I'll strap on the parachute....just in case
[09:11] {Les} hi larisa
[09:11] {nemo} lari :)
[09:12] {Threei} Larisa :)
[09:12] {larisa} Les, nemo, vad :)
[09:17] {Threei} US Congressional Budget Office (CBO: FY10 budget deficit at $1.3T v $1.38T prior estimate
[09:18] {Les} fcx .30 b/d
[09:19] {Threei} not premarket
[09:19] {Threei} too thin
[09:19] {Les} awww shucks
[09:19] {Threei} slightest blip, it will jump 30 cents on you faster than you blink
[09:20] {Les} dino's been an important influence while you were away
[09:20] {Threei} toss a coin for the direction
[09:20] {nemo} frickin' Beaver Cleaver
[09:20] {nemo} vmware might be good today also, up big, market goes sour, likely a good short
[09:21] {ese} morning
[09:22] {Les} hey ese
[09:22] {Threei} ese :)
[09:23] {lasertrev} morning
[09:24] {Threei} trev :)
[09:24] {nemo} lt :)
[09:24] {ese} les LT dude
[09:24] {nemo} dude
[09:24] {lasertrev} :)
[09:28] {Threei} BCRX Partner Shionogi launches Peramivir H1N1 treatment in Japan under the name RAPIACTA
[09:30] {Threei} Les, I was mistaken - it was 40 cents on FCX {G}
[09:31] {Les} :/
[09:31] {Les} I guess that's why I'm here
[09:31] {Threei} wow ZION
[09:31] {nemo} took a buck out of x short
[09:32] {dino} les, thanks, glad i help someone
[09:32] {Les} :D
[09:32] {nemo} X not FCX
[09:33] {Threei} ZION nor shortable
[09:33] {Threei} too bad, was thinking of looking for reversal setup
[09:33] {Threei} maybe a pullback for long then
[09:35] {dino} mos gap high 56s
[09:36] {Threei} FITB chasing ZION now
[09:36] {Threei} OK, ZION pulling back
[09:36] {Threei} 11.20 zone would be nice
[09:36] {strider} 19.20
[09:36] {Threei} yes
[09:37] {Threei} here we go
[09:38] {Threei} .23 in .40 out
[09:38] {Threei} way too fast to post entry
[09:38] {Les} crap. was wating for .20 to be touched
[09:38] {Threei} either you were ready or ytou miss it
[09:38] {nemo} went to 17
[09:38] {nemo} .17
[09:38] {Threei} it did Les
[09:38] {Les} didn't see it
[09:38] {Les} sure, but i didn't see it so wasn't giving it 100% focus
[09:39] {Les} nice call though. I like to see knife catching in action
[09:41] {Threei} it's not
[09:41] {Les} really?
[09:41] {nemo} knives go through
[09:41] {Threei} normal pullback into support zone
[09:41] {Les} ok
[09:41] {Threei} knife catching refers to a different situation
[09:41] {Threei} sharp selloffs, bottom fishing
[09:41] {Les} ok
[09:42] {Les} I believe we've had this conversation before
[09:42] {Les} just normal consolidation
[09:43] {Threei} Long Setup: FITB.65 break
[09:43] {Threei} Long Setup: FITB .65 break
[09:43] {Threei} if stays above .55
[09:43] {Threei} or for hard core scsalpers, .60
[09:44] {nemo} at resistance from yesterday
[09:45] {nemo} crissakes cat
[09:45] {Threei} no go
[09:45] {fernp} stopped
[09:45] {dino} cagc sm l .69, jumpy
[09:46] {ese} ya look at that nemo......
[09:46] {ese} was lookin at it and thinkin.....naw it ain't goin nowhere
[09:46] {Threei} US) Preview: Nov House Price Index (m/m) due out at 10:00ET
[09:46] {Threei} **consensus expectations: 0.2%e v 0.6% prior
[09:50] {Threei} Long Setup: SPWRA 22 break
[09:51] {dino} stopped cagc -.35
[09:51] {fernp} stop under .80?
[09:51] {Threei} for a day trade, yes
[09:53] {Les} s fitb .27
[09:58] {Les} fixed up my real estate while you were away vad. now trading 2 stocks at a time
[09:58] {Threei} cool beans
[09:59] {Threei} nice FITB short
[10:00] {Threei} US) JAN CONSUMER CONFIDENCE: 55.9 V 53.5E
[10:00] {nemo} morons
[10:00] {Threei} lol
[10:00] {Les} u r nasty nemo
[10:00] {nemo} truth hurts
[10:01] {Threei} US) NOV HOUSE PRICE INDEX (M/M): 0.5% V 0.2%E
[10:01] {fernp} stopped SPWRA
[10:02] {Les} yeh that one hurt
[10:02] {Threei} it spiked a bit too vertical into resistance fernn...
[10:02] {Threei} do we buy this kind of breajkouts??
[10:03] {Les} shakeout you say?
[10:03] {Threei} I don't know... that's not the point I am making
[10:04] {Les} oh right, you didn't bite
[10:08] {dino} itri sm l .97
[10:08] {dino} cagc sm l .20
[10:09] {Threei} watching WFC for pullback entry
[10:10] {Threei} 27-80-.90 area
[10:11] {Threei} no pullback
[10:11] {Threei} not chasing it
[10:11] {Threei} Long Setup: STLD .15 break
[10:12] {Threei} if stays above .05 for scalpers
[10:12] {Threei} 16 for day traders
[10:13] {ese} L cien .80
[10:13] {nemo} resistance at .25
[10:13] {Threei} daily is so oversold
[10:14] {Threei} nice on CIEN Les
[10:15] {nemo} aig
[10:15] {Les} that be ese
[10:15] {Threei} nice on CIEN Lessorry
[10:15] {ese} les you in as well
[10:15] {Threei} grrr
[10:15] {Threei} ese, sorry
[10:16] {ese} tks
[10:16] {Threei} 1:1 for scalpers STLD
[10:17] {Threei} JAZZ
[10:17] {Threei} no news that ZI see
[10:18] {Threei} 1:1 for day traders STLD
[10:18] {Threei} that was easy one
[10:19] {Threei} no single pullback
[10:19] {Threei} just went strasight up for all our taregts
[10:19] {Les} yeh and I didn't take it
[10:19] {Les} I'm having a trade what I think day
[10:19] {Threei} oh one of those
[10:19] {Les} hit me nemo
[10:20] {Threei} nemo?? you don't feel well??
06[10:20] * nemo slaps Les around a bit with a large dirigidoo
[10:20] {Threei} not responding to invitation to hit someone within 2 micvroseconds??
[10:20] {Les} c'mon hit me, hit me, HIT ME!
[10:20] {nemo} had to come up with something creative
06[10:20] * nemo slaps Les around a bit with a large lead pipe
[10:21] {Les} ah that's better
[10:21] {Threei} there... tried and proven
[10:21] {nemo} frickin' sheila
[10:22] {strider} good call , vad.....STLD
[10:24] {ese} out cien .93 +.13
[10:24] {dino} cfagc out .10 ave, +.90
[10:25] {dino} cagc'
[10:25] {larisa} gj
[10:25] {Threei} if drops into .15, will be of interest for another entry, STLD
[10:27] {Les} out stld +.08.
[10:30] {fernp} STLD vad?
[10:32] {Threei} not sure yet
[10:32] {nemo} x dropping
[10:32] {fernp} yes. I see
[10:32] {nemo} spy dripping
[10:32] {Threei} CYCC??
[10:33] {Threei} Market Internals update at 10:30amET
[10:33] {Threei} - NYSE volume 250M shares, about even to its three-month average; decliners lead advancers by 1.7:1.
[10:33] {Threei} - NASDAQ volume 560M shares, about 13% above its three-month average; decliners lead advancers by 1.6:1.
[10:33] {Threei} - VIX index -1% to just over 25.00
[10:33] {nemo} I'll take it over 18 coupla weeks ago
[10:34] {Threei} STLD is still unclear
[10:34] {Threei} casn;t tell if it's ready
[10:34] {fernp} TGT .70 break, Vad?
[10:35] {nemo} kinda' looks like the spy
[10:35] {Threei} rather yes but half lot fern
[10:35] {fernp} ty
[10:35] {Threei} this thing can be very treacherous
[10:36] {Les} you gotta play on RIMM Vad?
[10:36] {Les} .10 b/o?
[10:36] {fernp} 1:1 ty
[10:36] {Threei} if holding abopve 61 les
[10:36] {Threei} makes sense
[10:37] {Threei} good play fern
[10:37] {Threei} see how hesitant STLD is here?
[10:39] {Threei} .10 resistance is getting reinforced on RIMM
[10:40] {Threei} needs market help
[10:40] {Threei} if gets it and breaks, will be good setup
[10:40] {Les} ready to fade it
[10:43] {ese} L zion .20
[10:44] {fernp} STLD if break .20?
[10:44] {Threei} no, not by me
[10:44] {Les} RIMM is off
[10:44] {fernp} ok
[10:45] {ese} out zion .34 +.14
[10:45] {Threei} may work on market help but this is not a clean setup
[10:45] {Threei} RIMM 1:1
[10:45] {Threei} nice and easy
[10:45] {ese} nice little 6k hit there
[10:45] {Threei} wtg ese
[10:45] {ese} tks
[10:45] {Threei} out RIMM .33
[10:45] {Les} out .30 but was short and had to reverse position. green but not so much
[10:46] {ese} Lcien .85
[10:46] {Les} I'm fighting the tape all the way up today
[10:46] {Threei} out a bit too early RIMM
[10:46] {Threei} knew it was a powerful setup
[10:47] {Les} what tells you it was a powerful setup?
[10:47] {Threei} the way it continued bumping at .10, retreating, returning to it again,
[10:47] {Les} because it previously touched .10 zone before dropping earlier?
[10:48] {Threei} this tends to build kind of dam
[10:48] {Les} crap. sorry question answered
[10:48] {Threei} which when broken leads to a flash flood
[10:48] {Les} cool. will remember that
[10:48] {strider} AIG may be good for a short soon
[10:48] {Threei} it's the same principle as with huge offers break Les
[10:48] {Threei} think of both as dam break
[10:48] {larisa} hated it over 61 for long. all possible divergencies did show it is topping. Vad was right. i liked it short :)
[10:49] {ese} ya get that feelin that zion is going to hit 21
[10:49] {Threei} full stop
[10:49] {Threei} no one breathes
[10:49] {strider} maybe look for aggressive entry near .30
[10:49] {Threei} no one says a word
[10:49] {Threei} this is a moment I really need to savour
[10:49] {Threei} Larisa said I was right
[10:49] {Threei} where is my t-shirt
[10:49] {larisa} or lucky :)
[10:50] {Threei} "I WAS RIGHT" on both chest and back
[10:50] {Threei} oh don't spoil my chest-drumming moment
[10:50] {Threei} I get it what, once a year?
[10:51] {strider} VAD: Mad, Bad, and Dangerous to Know.
[10:51] {Threei} really? I thought of myself as meek, obedient and overall fuzzy
[10:51] {strider} yeah, well, that too.
[10:52] {ese} cien stop is .79 for me by the way
[10:54] {ese} why I's plain wit me.........well i'll show it.....if it hits .79 den izziz atta dare
[10:55] {ese} by the way.....i've learned that type of spoken english from this's great
[10:56] {Threei} it's english?
[10:56] {Threei} damn... I always thought I weas speaking sumerian...
[10:57] {ese} lol
[10:57] {Les} FITB lod b/d
[10:58] {Threei} look at GS
[10:58] {Les} getting its just desserts
[10:58] {ese} fitb gave up the ghost
[10:59] {Threei} it's a serious selloff, on both daily and intraday
[10:59] {Threei} takes many finnies with it
[11:00] {ilana} RIMM looks short now?
[11:00] {Threei} can't help but ask... those conspirasists who believe GS can dio anything they pleasxe to the market,
[11:00] {Threei} care to explain how come they allow such a hit on their own stock?
[11:01] {Threei} 50/50 ilana
[11:01] {Threei} not a clear setup
[11:01] {Les} cause they sold it all?
[11:01] {ilana} i bet on first 50
[11:01] {Threei} I'd say, if I had to play it it would be short,
[11:01] {Threei} but given a choice, I'd stay away
[11:05] {ese} shw...very recognizable pattern from your book vad
[11:07] {ese} flatline at the high P125
[11:07] {Threei} the range is a bit too wide for my taste though, ese
[11:08] {Threei} you covered RIMM yet Ilana?
[11:08] {ilana} yes, +.20
[11:08] {Threei} wtg
[11:09] {ese} yes your book is .05/.10
[11:14] {ese} daaaaaaaaa cien stopped .80
[11:14] {ese} good fill though
[11:20] {nemo} mmmhhh rimm break of .25 on volume, could be if it holds .18
[11:20] {nemo} .15 is 200 ma
[11:23] {nemo} 1/2 out .35
[11:23] {nemo} stop to b/e
[11:23] {Threei} nice one
[11:24] {nemo} broken clock moment
[11:24] {nemo} got x good on the open though...
[11:24] {Threei} small shares pklay:
[11:24] {nemo} x 400
[11:24] {Threei} Short Setup: GS 153 break
[11:24] {nemo} no thanks
[11:24] {larisa} lol
[11:24] {Threei} if stays under .15
[11:25] {Threei} invalidated anyway
[11:25] {Threei} fade would have worked though
[11:26] {nemo} another 1/4 .45
[11:26] {nemo} stop to .40
[11:26] {Les} FITB .20 b/o
[11:26] {magoo} hey all
[11:26] {Threei} mags!!
[11:27] {Les} hi mags
[11:27] {strider} who are you?
[11:27] {Threei} where the heck have you been
[11:27] {nemo} huh?
[11:27] {nemo} missing link is back?
06[11:27] * nemo slaps magoo around a bit with a large trout
[11:27] {magoo} working out some issues
[11:27] {magoo} how was vaca vad
[11:27] {Threei} fantastic
[11:28] {magoo} :)
[11:28] {Threei} both vacation and seminar
[11:28] {Threei} with live trading
[11:28] {magoo} oh neat
[11:29] {Threei}
[11:29] {dino} .
[11:29] {Threei} FITB works for a scalp
[11:30] {Threei} ugh, why didn't I add comment on GS being two-sided setup
[11:30] {nemo} stop rimm
[11:30] {Les} yeh I'm getting a bit of a revenge trade happening on fitb
[11:31] {nemo} big order .40 on x
[11:32] {nemo} frickin .01 away from 1:1 x and then stopped me
[11:34] {Threei} why Les
[11:34] {Threei} that was a valid setup
[11:35] {Les} I've dug me a big bloody hole on fitb today
[11:35] {Les} it's going down
[11:35] {Les} will take this next setup if q's break resistance
[11:35] {Threei} I mean I wouldn't call it revenge trading since setup was right
[11:36] {Les} ok. let's say it is my primary focus of today
[11:36] {Threei} revenge trading is trasdes you take because you see them where there are none, out of desire to dig out of hole
[11:46] {ese} skydogs parachute ain't working
[11:47] {Threei} someone forgot to register prior connecting
[11:53] {nemo} wow volume spike rimm
[11:53] {dino} itri stuck
[11:53] {dino} stop to .49
[11:53] {Threei} some block, nemo
[11:53] {ese} big volume spike
[11:53] {nemo} yeah, and it's moving it
[11:54] {Threei} don't think it has any significance as far immediate read goes
[11:54] {Threei} market spike is moving it
[11:54] {nemo} offers getting hit
[11:54] {nemo} no bids last minute
[11:54] {nemo} theres one
[11:55] {nemo} wow
[11:55] {nemo} aapl really moving too
[11:56] {nemo} volumes up but not that high
[11:59] {nemo} fcx x pulling back against the market
[12:01] {Threei} LVLT To Deliver Backbone Network and Wholesale Voice Services for TDS Telecom
[12:01] {Threei} - will provide backbone network connectivity for TDS Telecommunications Corp. (TDS
[12:03] {Threei} DVAX Exec: Holding talks with potential partners for Hepatitis C drug SD-101 (1.77, +0.28, 18.79%)
[12:05] {Threei} - Expects data from early stage trial of Hepatitis B drug DV-601 in mid 2010
[12:07] {dino} itri stopped +.45
[12:10] {Threei} I like this kind of stops
[12:17] {nemo} think market gonna' take a breather
[12:18] {Threei} it does, for the last hour or so
[12:18] {nemo} reached new high 11:45 on spy and 5 minutes ago on Qs
[12:23] {nemo} that rimm volume spike makes it hard to read volume :)
[12:27] {nemo} guess appl and vmw driving the qs
[12:28] {Les} GENZ lod b/d?
[12:28] {nemo} joyg forming quite the triangle
[12:29] {Threei} probably yes Les
[12:29] {Threei} (US) US Senate reportedly, as expected, has defeated the measure to create a bi partisan task force to deal with budget deficits
[12:29] {Threei} yeah, what's up with weird desires toi rein in budget deficits
[12:30] {nemo} markets will rein them in more bullets
[12:31] {nemo} big order x at .69
[12:31] {nemo} which, of course, is resistance
[12:32] {nemo} at lunch
[12:32] {nemo} where's that bottle?
[12:32] {Threei} hot water bottle?
[12:33] {Les} milk bottle?
[12:33] {Threei} feeling a bit rusty at your old age?
06[12:33] * nemo slaps Threei around a bit with a large cognac
06[12:33] * nemo slaps Les around a bit with a large bottle of lye
[12:33] {Les} I'm drowning my bad trading in a single malt
[12:33] {Threei} marrow chills in bones from Oct to March?
[12:33] {nemo} x breaks support
[12:42] {Les} l x .77
[12:42] {nemo} vwhere's your stop
[12:43] {Les} wait, just let me roll the dice
[12:43] {nemo} your money
[12:44] {dino} selling everything too soon today
[12:45] {nemo} .10 les
[12:45] {Les} out average +.03. only 1/3rd fill at +.10
[12:45] {nemo} can't call it 1:1
[12:45] {nemo} ?
[12:45] {Les} already touched .10 nemo
[12:45] {nemo} yeah
[12:45] {Les} and then retraced to b/e
[12:46] {nemo} ahh
[12:48] {Les} l ms .26
[12:50] {Les} AIG .15 b/d?
[12:52] {Les} stopped ms
[12:59] {Threei} not sure about AIG
[12:59] {Threei} this kind of flatline can resolve either way
[13:00] {Les} wfc pushing hod
[13:00] {nemo} fcx riing support
[13:00] {nemo} riding
[13:02] {nemo} nice of it to break down
[13:15] {Les} vad, was about to buy SLB with a .15 break, .09 stop
[13:15] {Les} it did what I thought itm ight do, go to .30 resistance.
[13:15] {Les} was t his a legit setup for you?
[13:15] {Threei} more or less
[13:16] {Threei} a bit marginal
[13:16] {nemo} hahahah no pun intended
[13:16] {Les} no, this is not a bounce play?
[13:16] {Threei} kind of diascretionary one,
[13:16] {Les} ok
[13:16] {Threei} can be played, can be ignored, depending on one's degree of boredom
[13:17] {Les} I've always been fascinated with your calls where sell off turns to bounce and you catch them
[13:17] {Les} trying to look at this bounce through such a lens
[13:18] {Threei} the idea is right overall,
[13:18] {Threei} it's jujst that this one didn't give strong indications
[13:19] {Threei} slide was too slow, no decisive definition of support
[13:20] {Les} ok
[13:21] {Les} s cb .49
[13:28] {Les} took MEE for +.10
[13:29] {Les} cb +.04
[13:29] {Les} I'm only happy when I'm shorting
[13:29] {ilana} nice scalping
[13:29] {Threei} all the time or during last days?
[13:30] {Les} this last week of green came on back of shorting
[13:31] {Threei} well, no wonder, considering market drop
[13:31] {strider} I'm with Les. In current market, I never believe an upside breakout will happen.
[13:31] {Threei} now, imaginbe the predicament of investors and those traders that never got comfortable with concept of shorting
[13:31] {strider} Took the STLD though , and glad I did.
[13:32] {Les} happy to have shorting in my toolbox
[13:32] {strider} Part of that may be because there are so many accounts you can't short in.........IRAs, for instance.
[13:32] {strider} Most people don't have much exposure to shorting.
[13:33] {Threei} yes, I guess that plays part
[13:33] {Threei} plus idiotic propaganda
[13:33] {Threei} that portraits shorting as un-patriotic
[13:34] {Threei} and imbecilic statements about infinite risk in short position, while long one has zero as limit of going against you
[13:34] {strider} When I first had it explained to me , was by a 'stockbroker'..........who's whole philosophy (for his clients at least) was buy and matter what...just hang on.
[13:34] {strider} For that philosophy, fear of shorting makes some sense.
[13:34] {Threei} that's a good philosophy
[13:34] {strider} You can only lose your original total investment.
[13:35] {Threei} has just one concept, doesn't require much thinking
[13:35] {Threei} I like it
[13:35] {strider} Let me introduce yo to him.
[13:35] {strider} He doesn't have much to do these days.
[13:35] {strider} I'm sure he'll have time for you.
[13:35] {Threei} sure thing, I must know people that participate in a noble process of putting food on my table
[13:36] {strider} Thing is, he doesn't do that himself. He swing trades.
[13:36] {strider} But because it costs his clients 30-80 bucks to make a trade, they have to follow the buy and hold philosophy.
[13:38] {Threei} for a second I felt a pinch of conscience
[13:38] {Threei} then it went away
[13:38] {strider} nah...
[13:38] {Threei} I do offer to educate them
[13:38] {Threei} if they don't take me up on the offer but elect to listen to those types instead,
[13:38] {Threei} my conscience is clear when I take their money
[13:39] {strider} I call it the " buy a stock, wait till it goes down, and sell it" technique. I've done a bit of that in the past.
[13:40] {strider} The problem of course, is folks who try to derive passive income from stock investments...........
[13:41] {strider} They're given this bullshit advice that "over the long term" the market will go up.
[13:41] {strider} If you're 15 years old, that probably works.
[13:42] {strider} If you're 60, it's ridiculous.'
[13:42] {Threei} it works under 3 conditions:
[13:43] {Threei} 1. you are invested in index itself, not in underlying companies, otherwise you may becomne a victim of index reshuffling
[13:43] {Threei} 2. you get lucky enough to make most of your investements at the low of the cycle and come to an age of withdrawal near the top of the cycle
[13:44] {Threei} 3. Inflation is not too rampant during your investmnent sycle
[13:44] {Threei} cycle
[13:45] {strider} can aspire to be like dino.............
[13:45] {strider} a vampire.
[13:46] {strider} young or old, it makes no equal opportunity blood-sucker.
[13:46] {larisa} dino takes stocks that already out of blood :)
[13:46] {strider} God, I hate myself.
[13:46] {strider} That's true, larisa.
[13:46] {strider} But he assures me he shorts also.......just haven't seen much of it yet.
[13:47] {dino} hmmmm
[13:47] {larisa} lol
[13:47] {dino} i short a lot, just lately buying dips has worked
[13:47] {strider} YOu want to buy my ex-broker? He's a dip.
[13:47] {dino} lol
[13:49] {Threei} lol
[14:07] {ese} .
[14:07] {Threei} surfing through scanner alerts, sometimes you see real weirdos
[14:07] {ese} i'm watchin man Wwwwwwwatchin
[14:07] {Threei} how about DEAR
[14:08] {Threei} reminds me a stock that existed in late 90s, symbol DURA
[14:08] {Threei} russians loved it
[14:09] {Threei} means "she-foll" in russia
[14:09] {Threei} she-fool
[14:10] {strider} I didn't think there were any of those.
[14:14] {Les} s TGT .14
[14:15] {ilana} K went through 2 days high
[14:22] {Les} stopped tgt
[14:30] {strider} cover FCX +.18......and I'm done for the day.
[14:30] {Threei} today would be a total nightmare for a live trading on some seminar
[14:30] {Threei} nothing happening for hours
[14:32] {magoo} whats your ratio today vad?
[14:32] {Threei} why don't you ask about yeasterday?
[14:33] {Threei} yesterday was 6 out of 7
[14:33] {Threei} let's talk about that
[14:33] {Threei} lol
[14:33] {Threei} I think 2 or 3 out 5 today, not sure
[14:33] {Threei} yesterday';s calls were defined better
[14:34] {Threei} today is much more vague
[14:36] {Les} bhi Vad? .95 b/d?
[14:36] {Threei} coin toss
[14:36] {strider} trev, dcc
[14:38] {ese} I'm off to administer my own exam soooooooooo we'll catch you on the flip side ehhhhhh!
[14:39] {Les} ciao ese
[14:39] {Les} lay of the M&M's will ya!
[14:39] {Les} off
[14:42] {Les} BHI backtested 48 resistance vad
[14:47] {Les} that's enough pain for one day. c u's tomorrow
[14:47] {larisa} bye les
[14:47] {ilana} c u Les
[14:47] {strider} take care, les.
[14:52] {larisa} we can finish in red today
[14:53] {Threei} well, 60 points in green
[14:53] {Threei} nothing really
[14:54] {Threei} would take just one determined push to plunge us bel,ow zero
[14:54] {larisa} i want red
[14:54] {Threei} green is not a good mnatch for your eye color?
06[14:55] * Threei ducks
[14:55] {nemo} I wonder if this thing meanders into the fomc tomorrow
[14:56] {dino} yes imo
[14:57] {ilana} VAR doesn't stop
[14:58] {larisa} today you can have any eye color you want vad.. any length of hair, nails.. ets.. girls can match anything to everything :)
[14:59] {Threei} hmmm
[14:59] {strider} Vad, is there something you want to tell us?
[14:59] {nemo} He's practicing self discipline
[14:59] {Threei} why then am I told by them, girls, that I am impossible to match with anything and must be discarded...
[15:03] {fernp} VAR 50 break
[15:03] {fernp} under .90 stop
[15:09] {fernp} FAZ .70 break
[15:12] {fernp} FAZ 1:1
[15:13] {larisa} X will test lows
[15:15] {fernp} VAR holding well on highs and SPY falling
[15:17] {ilana} 50 is a 4 days high, has to break it
[15:18] {dino} cbpo just about filled gap
[15:20] {nemo} look at offer at .40 on x
[15:23] {nemo} spy almost red
[15:31] {Threei} (US) Senate Banking Committee schedules hearing with White House Advisor Volker on financial regulatory proposals
[15:31] {Threei} - Committee would like to schedule a second hearing with Treasury officials on the proposals.
[15:31] {Threei} ***Reminder: Last week the Administration launched a proposal to place restrictions on the proprietary trading done by commercial banks, including many ideas supported by former Fed Chairman Volker.
[15:32] {larisa} wow, AIG breakdown missed
[15:32] {billyc} gn all
[15:32] {Threei} big one too
[15:32] {Threei} take care billy
[15:32] {larisa} was narow all day, forgot about it
[15:33] {nemo} without appl and vmware, QQQQs would be down
[15:34] {fernp} no go VAR
[15:36] {strider} Anybody want to go clean my gutters for me?
[15:36] {strider} Didn't think so.
[15:36] {nemo} too far of a commute
[15:36] {magoo} i have to go..c u tomorrow
[15:36] {strider} ran magoo off.
[15:37] {fernp} bye magoo
[15:37] {strider} They're full of leaves....but it's from the big Dollar tree in my front yard.
[15:37] {larisa} in January full of leaves? :)
[15:38] {Threei} taje care mags
[15:38] {Threei} AIG looks like another leg down is coming
[15:39] {Threei} came actually as I typed
[15:39] {strider} I'm not the most prompt in cleaning gutters.
[15:39] {nemo} strider...
[15:39] {Threei} started typing when it was .44... found it at .30 when hit enter
[15:40] {strider} suckers. See you all tomorrow.
[15:40] {larisa} bye :)
[15:40] {Threei} take care strider
[15:40] {nemo} don't let the monitor hit you on the way out
[15:41] {strider} no lizards in these parts.
06[15:41] * nemo slaps strider around a bit with a large gecko
[15:41] {strider} this time of year, anyway.
[15:41] {Threei} nice drop AIG
[15:41] {strider} bu-bye
[15:41] {Threei} no real trigger to a trade unfirtunately
[15:42] {larisa} too late in the day, was afraid to play X bounce, same with AIG
[15:43] {Threei} bounce I wouldn't touch either
[15:43] {Threei} continuastion of downtrend yes
[15:44] {larisa} off 49.70 got very nice signal on X 15.35. AIG off 24.10 was temting too
[15:44] {dino} what happened, obama open his mouth again?
[15:45] {larisa} no dino, i wanted red
[15:45] {dino} i must pay etter attention
[15:45] {dino} better
[15:45] {larisa} :)
[15:47] {dino} 142 area gap on gs feels like magnet
[15:49] {dino} cbpo filled
[15:53] {Les} I see that everything fell like a ton of bricks after I left
[15:54] {Les} any calls made in the last hour?
[15:54] {larisa} we missed AIG because of you
[15:54] {Threei} yes
[15:55] {Threei} Reportedly Congressmen Markey (D-MA) and Van Hollen (D-MD) propose bill to recoup oil royalties from govt lease programs
[15:56] {Les} aah I was watching the Simpsons. Seeing stupidity personified as Homer Simpson made me feel a bit less stupid after today's trading
[15:57] {Les} Today was the worst day in the 3 and a half months I've been here.
[15:57] {dino} get over it les, tomorrows' a new start
[15:57] {larisa} too many stops?
[15:57] {Les} I understand your pithy logo vad...
[15:57] {Les} don't frickin think
[15:57] {Les} no lari, I though the market was going down from the opening
[15:58] {Les} and I paid big time for that thinking
[15:58] {Threei} and up it went
[15:58] {dino} good trading is not about being right, it's about trading right. we all have bad days
[15:58] {Threei} main question to ask yourself Les:
[15:58] {nemo} x finishing at the low
[15:58] {Threei} why, whatever your thinkiing was, have you traded against the market?
[15:58] {Threei} I mean, think whatever you want,
[15:59] {Threei} but execute trades withb the setups and with market
[16:00] {Threei} and most of all:
[16:00] {Threei} KEEP YOUR STOPS
[16:00] {Les} yeh
[16:00] {fernp} Good evening everybody. See you all tomorrow
[16:00] {larisa} bye all
[16:00] {Threei} thank you all
[16:01] {Les} night all
[16:01] {Threei} have a good evening
[16:01] {Threei} see you tomorrow
[16:01] {nemo} c ya
[16:08] {dino} sanm
[16:13] {dino} gn
[16:13] {nemo} cya

Labels: , , ,

Monday, January 25, 2010

Jan 25 2010

Very nice start to the day after a week in the Bahamas. Longs ENER, UAUA, FITB, RIMM, LVS all worked nicely with just one 10 cents stop on MYGN short.

Session Time: Mon Jan 25 00:00:00 2010

[07:20] {ese} am definitely here early......
[07:21] {ese} couldn't sleep
[07:37] {ese} anxiously awaiting the king or queens....ahhhhhhhhhh i mean vads arrival
[07:38] {strider} oh, we have a new trial member?
[07:38] {ese} whos that?
[07:38] {strider} vad
[07:38] {ese} and morning by the way st
[07:39] {ese} rotflol
[07:39] {strider}'re up early.
[07:39] {ese} ya.....can't sleep....too much crap going on at school......not with me...just events around me but they spill right on to you though
[07:40] {ese} has taken a good amount of my focus on trading away for January
[07:41] {strider} what sort of school do you teach at?
[07:42] {ese} High School....this is my program
[07:42] {ese} thats us opening up for The Temptations a year ago
[07:45] {strider} wow. That's neat.
[07:45] {strider} Excellent music choices.
[07:46] {ese} tks....I also run a professional version of that as well /am an extra in the percussion section with the Victoria Symphony and a session musician as well....keeps me off the streets
[07:47] {ese} and with vads working my way into full time trading
[07:49] {strider} Ah A very unforgiving pastime.
[07:50] {ese} very
[07:50] {strider} If I just had a "don't do anything stupid" button on my computer.................
[07:53] {ese} i've got one of those now.......for the first 5/6 years wasn't there......then all of a sudden it just appeared......tends to disappear once and a while though
[08:26] {nemo} sold joyg overnight hold +.76
[08:27] {strider} wtg, nemo.......took some guts to hold overnight from Friday.
[08:27] {ese} dude!!!!!!!! nice one
[08:31] {Threei} KERX Reports Statistically Significant Benefit in Survival from Updated Results of a Randomized, Double-Blind, Placebo-Controlled Phase 2 Study of KRX-0401 (Perifosine) in the Treatment of Advanced Metastatic Colon Cancer (2.74, 0.00, 0.00%)
[08:31] {Threei} Good morning everyone
[08:31] {strider} who are you?
[08:31] {Threei} I am but a humble passerby
[08:32] {ese} VVVVVVAAAAADDDDDD!!!!!!!! welcome back
[08:32] {strider} Welcome, pilgrim.
[08:32] {Threei} thanks guys, good to be back
[08:33] {Threei} how did you do?
[08:34] {ese} very well thank you
[08:36] {strider} A balanced week here. two up, two down.
[08:36] {strider} I strive for balance.
[08:36] {strider} How did your week go?
[08:37] {ese} indeed how was your week and your lectures
[08:37] {strider} med
[08:37] {Threei} it was fantastic
[08:38] {Threei} let me show you brief description I posted on the blog of the company organizing the conference
[08:38] {Threei}
[08:43] {strider} Cool, vad. Glad the trading went well......that must produce some anxiety.
[08:43] {ese} nice........
[08:45] {Les} Hey Vad!
[08:45] {Les} nice to see a responsible adult back in the room
[08:46] {Les} Nemo was busting our chops non stop...
[08:46] {nemo} oh please...
[08:46] {Threei} hi Les
[08:47] {Threei} not really strider
[08:47] {Threei} kind of:
[08:47] {Les} 1st green week last week. not only that, but averaged $100 daily profit target every day
[08:47] {nemo} experienced adult is more like it
[08:47] {Threei} I do it every day, and thanks to the room/log being published I do it in publis eye anyway
[08:48] {Threei} this is fantastic Les, congratulatiuons!
[08:48] {Les} actually not true. friday screwed me up, but tue thru thurs was enough to compensate
[08:49] {Threei} main concern with live trading like this is a boring day with nothing to trade
[08:49] {Threei} the rest I can handle well, even if market is not cooperating,
[08:49] {Threei} just show the [princip[le of stop placement and iron discvipline
[08:50] {Les} how many people sitting in on your course?
[08:50] {Threei} but if you run into situation when no trades are around, and you have a lot of eyes... that's nasty
[08:50] {Threei} a few dozens
[08:50] {Threei} IMMU
[08:51] {Threei} Immunomedics Inc New Targeted Therapy for Pancreatic Cancer Presented at Cancer Conference (update)
[08:51] {Threei} - 27 patients enrolled, 22 patients were evaluable and 68% of these evaluable patients showed evidence of tumor shrinkage or stable disease (SD), with one-third of these being assessed by computed tomography (CT) as partial responses (PRs) (i.e., responses showing decreases in tumor size of more than 30% and in the absence of new lesions).
[08:58] {nemo} hi lari :)
[09:01] {ese} got a plan for either of those 2 vad kerx immu
[09:01] {larisa} gm :)
[09:01] {Les} hi larisa
[09:01] {ese} laris
[09:02] {strider} larisa's back:)
[09:03] {Threei} larisa :)
[09:04] {larisa} hi guys :)
[09:05] {fernp} Good morning everybody
[09:05] {Threei} fern :)
[09:05] {Threei} IMMU, I doubt it, ese
[09:06] {Threei} KERX, keeping an eye
[09:06] {ese} ya me too
[09:12] {Threei} well
[09:12] {Threei} KERX tries to form 3 - 3.10
[09:12] {Threei} hard to twell how reliable premarket formations are, as always
[09:13] {nemo} yeah, but they seem more reliable the more volume
[09:13] {nemo} dino's rorschach tests are harder to judge
[09:13] {Threei} lol
[09:14] {dino} gm all
[09:14] {Threei} dino :)
[09:15] {ese} deeeeeee no
[09:15] {dino} welcome back 3i
[09:15] {Threei} thank you
[09:16] {dino} filled a lot of lower gaps last week
[09:16] {Threei} check out first shots,
[09:16] {ese} yup...alll is right with the world ..your hangin...vads back....nemos introspective......everythings fine.....wheres mags though
[09:16] {Threei} really
[09:16] {Threei} slacker
[09:16] {nemo} server not working vad
[09:16] {Threei} wtf
[09:16] {Threei} woks for some
[09:17] {Threei} not for others
[09:17] {Threei} try
[09:20] {nemo} nope...can't find server
[09:20] {Les} no server here
[09:21] {Threei} try
[09:21] {Les} nope
[09:21] {fernp} website is down
[09:21] {nemo} nope
[09:21] {Threei} sigh
[09:21] {strider} welcome back to the real world, vad.
[09:21] {Les} happily google keeps page cache
[09:21] {nemo} doesn't matter if you want to look at pages that aren't cached
[09:22] {Les} no, but could find link to get into this chat room with cached page
[09:22] {Les} GLD .55 b/d
[09:22] {Threei} works fine from here...
[09:23] {Threei} some dns propagation issue
[09:23] {strider} not from here.
[09:23] {Threei} ese, does it work for you?
[09:23] {fernp} yes, is a DNS problem
[09:23] {ese} all my stuff is working
[09:23] {Threei} hmmm
[09:24] {Threei} nice to know
[09:24] {ese} which is odd
[09:24] {Threei} but does realitytrader work for you?? :)
[09:25] {larisa} did not work here, tried without www, works now with www and without :)
[09:25] {Threei} it's all in propagation, I am telling you
[09:28] {nemo} double top on Kerx
[09:28] {Threei} touched on 1:1, 1 cent shy
[09:33] {Threei} Long Setup: ENER .32 break if stays above .25
[09:35] {Threei} UAUA
[09:35] {lasertrev} morning
[09:35] {Threei} want long on a pullback
[09:35] {Threei} trev :)
[09:35] {Threei} ENER 1:1
[09:36] {fernp} ty Vad
[09:36] {Threei} welcome sir
[09:36] {lasertrev} thought u decided to stay in the carib. and took your site with you Vad. lol
[09:36] {Threei} lol
[09:37] {Les} nice winning to begin the week. ty sir
[09:37] {Threei} welcome
[09:37] {Threei} ugh, UAUA too fast
[09:37] {Threei} OK, better
[09:37] {Threei} .60 break long
[09:38] {nemo} too fast
[09:38] {Threei} 1:1
[09:38] {Threei} lol
[09:38] {Les} kerx lod b/d?
[09:38] {Threei} no chasing
[09:38] {fernp} too fast here
[09:38] {Threei} if you missed you missed
[09:38] {nemo} that .58 to .65
[09:39] {Threei} nah, just let it be... KERX turns into torture stock
[09:39] {Threei} UAUA turns into teleportation
[09:40] {Les} rimm weak consolidation after initial selloff
[09:41] {Threei} ACOR nice momo
[09:41] {Threei} to jumpy to call
[09:44] {Threei} interesting strength CNXT
[09:44] {Threei} US) Preview: Dec Existing Home Sales due out at 10:00ET
[09:44] {Threei} **consensus expectation: 5.90Me v 6.54M prior (-9.8% m/m)
[09:45] {Threei} did you see this on ACOR just now?
[09:47] {fernp} LVS, Vad? .65 break?
[09:47] {Threei} I like it, but .60 break is even better
[09:47] {Threei} aggressive
[09:48] {Threei} or .62
[09:48] {Threei} huge offer
[09:48] {nemo} yeah .62
[09:48] {nemo} iios
[09:48] {nemo} oops
[09:49] {fernp} stop under .55?
[09:49] {Threei} for scalpers
[09:49] {Threei} under .50 for a day trade
[09:49] {fernp} ty. i am out here
[09:51] {Threei} CNXT looks determined
[09:51] {Threei} I keep wasiting for pullback which doesn't come
[09:51] {ese} l cnxt .01
[09:51] {Threei} .90 break was a trigger on intraday
[09:52] {Threei} .01 is a bit too high...
[09:52] {Les} thanks fern out lvs +.07
[09:53] {Threei} 1:1 for .50 stop and .60 break
[09:53] {ese} out .04 +.03
[09:55] {Threei} 120K of little buggers?
[09:55] {ese} looks like more in at .00 so +.04
[09:55] {Threei} FITB
[09:56] {dino} intc l .25
[09:57] {ese} 12k vad
[09:58] {ese} good enough....
[09:58] {ese} spread was good T&S moving with right momentum classic
[09:59] {strider} esisting home sales coming
[10:01] {Threei} US) DEC EXISTING HOME SALES: 5.45M V 5.9ME (-16.7% M/M)
[10:02] {ese} no commision either i'm in the free trades category based on the number o trades i've made this month.....kinda like free range chicken.....
[10:03] {ese} trading whatever i like with no cost
06[10:03] * nemo slaps ese around a bit with a large hen
[10:03] {ese} yukm
[10:03] {ese} yum
[10:03] {Les} you mean you're tastier when roasted ese?
[10:03] {strider} having trouble accessing other websites this morning.
[10:03] {strider} in addition to RT
[10:03] {strider} maybe all the rain.
[10:04] {ese} yes indeed
[10:04] {ese} les
[10:05] {dino} boh sm l .39
[10:05] {billyc} gm all happy monday
[10:06] {ese} billy
[10:06] {strider} wonder what's up with AMZN?
[10:07] {larisa} earnings coming 28th i think
[10:07] {nemo} market just broke support
[10:07] {Threei} billy :)
[10:07] {Les} hi billy
[10:09] {Threei} Long Setup: FITB .45 if holding .40
[10:10] {dino} boh stopped -.33
[10:10] {Threei} .40 break if holding .35
[10:10] {Threei} .35 break if holding .30
[10:10] {nemo} .32 support
[10:10] {Threei} usual bottom-hunting routine
[10:15] {Threei} US Supreme Court rules to limit NYC suit against tobacco companies
[10:15] {Threei} - in 5-3 vote the Supreme Court threw out the city's claim that it could sue tobacco companies
[10:15] {Threei} under racketeering laws for selling cigarettes online at a discount and thus avoiding millions of dollars in taxes.
[10:15] {Threei} FITB 1:1
[10:16] {Les} half out
[10:17] {Les} other half out flat
[10:17] {Threei} and stop to .34?
[10:17] {Threei} hmmm
[10:17] {Threei} flat?
[10:17] {dino} fdx sm l .22
[10:17] {Les} late entry
[10:17] {Threei} where did you enter?
[10:17] {Les} .38
[10:18] {Threei} 1:2
[10:18] {Les} 1k. treated it as type 1
[10:18] {Threei} here is discrepancy in this approach:
[10:18] {Threei} type I requires very precise execution as you have very littlwe room,
[10:19] {Threei} 5 cents stop, buying 3 cents hogher you have way too big % of deviation
[10:19] {Threei} so,
[10:19] {Threei} eoither you treat it as type 2,
[10:19] {Threei} or you enter at your trigger
[10:20] {Threei} 1:3
[10:20] {Threei} see my logicZ?
[10:20] {Les} y
[10:20] {Threei} 1:4
[10:20] {Threei} if you miss it, wait to see if it comes back
[10:20] {Les} there is my fault
[10:20] {Threei} try to angle it as conservative entry
[10:20] {Les} wanting to get on the bandwagon
[10:21] {Threei} yeah, take it easier on a "missed" sidfe
[10:21] {Threei} it's gone - so be it, next bus is around the corner
[10:21] {Les} yeh
[10:21] {strider} vix at 25ish......hod near 28
[10:21] {dino} rino sm l .75
[10:22] {strider} sorry...28 was from friday.
[10:22] {ese} Lcien .91
[10:22] {Threei} when you weed out those tradesd where you chase your entry, you'll sdee nice improvemnent on overall performance
[10:22] {Les} yes, am repeating mistakes recognised from friday
[10:23] {Les} when market was bouncing like this
[10:23] {ese} stop .84
[10:27] {ese} out cien .97 +.06
[10:27] {fernp} IVAN if breaks 3.00? What do u think, Vad?
[10:28] {ese} cien could reach for the sky next couple of days....just seems like it's itching to go up.....been a cash cow for me for the last week
[10:30] {Threei} IVAN requires momo fern
[10:30] {fernp} ok. ty
[10:30] {Threei} otherwise this one will torture you for untold centuries
[10:31] {Threei} I'd avoid it at no-momo-times
[10:31] {fernp} i understand. ty Vad
[10:32] {strider} short HOG .62
[10:32] {nemo} support at .50
[10:33] {strider} don't see it .. where?
[10:33] {nemo} 3:30 on Friday
[10:33] {strider} gotcha.
[10:33] {strider} thx
[10:34] {fernp} BAC on lows
[10:34] {nemo} np
[10:37] {Threei} unclear moment in the market
[10:38] {Threei} we are at 100% so far, don't want to push too much right now
[10:38] {Threei} waiting for a clearer setup
[10:38] {nemo}'s lunchtime in the middle of the atlantic
[10:39] {Les} that would mean its 11 oclock drinkies over your way...
[10:40] {nemo} no...recovering from watching seven hours of football yesterday
[10:40] {Threei} ok, while it's quiet
[10:40] {Threei} tyhere is something about me and boats... seems being on them increases my drinking capacity
[10:40] {Threei} just as last time in Nassau,
[10:41] {nemo} I can vouch for that
[10:41] {Threei} it turned out this time that having a glass of rum in one hand, glass of bahama-mama in another and using latter to wash down the former
[10:41] {Threei} creates a hell of a pasrty very quickly
[10:41] {Les} fas at support. watching b/d for WFC short .20
[10:42] {larisa} if you remember it so clear, you did not have enough :)
[10:42] {dino} lol
[10:43] {Les} is that why you have head in your hand in the photo you published?
[10:43] {Les} you don't look very chirpy
[10:43] {Threei} it just was to early to be fully awaken
[10:43] {strider} cover HOG +.06........forming dbl bottom
[10:44] {Threei} I do remember that I decisiveli declined invitation to scale the climbing wall
[10:44] {Threei} so I guess some degree of self-control was there
[10:45] {Les} note to self - vad is not a masochist
[10:46] {Threei} not at all
[10:46] {nemo} why'd you get married then?
[10:46] {Threei} my motto is - no pain? good!
[10:46] {Threei} I was young and stupid
[10:46] {strider} haha
[10:46] {Les} well you won't be any fun on a pub crawl
[10:47] {strider} I guess you won't be participating in any beer runs, soon?
[10:47] {strider} Used to be in running club.......
[10:47] {strider} couple of times we had a 10kilometer race.......
[10:48] {strider} had to stop at each mile and drink a beer.
[10:48] {fernp} FAZ vad?
[10:48] {Threei} hash runners
[10:48] {Threei} not my thing
[10:48] {nemo} in college we used to play backgammon for shots
[10:48] {Threei} strider, you got a good one there it seems
[10:48] {nemo} loser had to drink as many chips as he had left on the board
[10:48] {Threei} on HOG
[10:49] {Threei} no fern
[10:49] {Threei} not my type of trade
[10:49] {strider} well....took +.06 because of the dbl bottrom formation. :(
[10:49] {Threei} pullback intp .40 is where I'd get interested
[10:49] {strider} still hasn't really gone anywhere from my .62 entry.
[10:51] {Les} now is down
[10:53] {strider} I've got it here, les.
[10:53] {Threei} looks like a lot of problems on diff routes
[10:53] {ese} still waitin on kerx......have bstop on cien at .01
[10:53] {Threei} many sites work for some parts of the world while not for others
[10:53] {strider} probably some servers on east coast are having problems. I saw it some last night as well. Big time rain here.
[10:54] {Les} someone cut a main network route again...
[10:54] {strider} if not servers, actual lines........connections can get wet.
[10:54] {dino} here too
[10:55] {billyc} Trevor i need to talk to you about laser can we chat privately?
[10:55] {lasertrev} np
[10:56] {nemo} right click on his name billc and choose "DCC"
[10:57] {billyc} do not see DCC when i right click on lasertrev
[10:58] {lasertrev} billy, click on my name at the top of this screen.
[10:58] {nemo} you in mibbet or mirc?
[10:58] {billyc} mibbet
[10:58] {lasertrev} mibbit
[10:58] {nemo} oh...sorry, that was for mirc
[10:59] {Les} another airplane down. ethiopian, taking off from Lebanon
[10:59] {Threei} billy, just dpoubleclick on his name
[10:59] {Threei} not a right click
[10:59] {dino} out intc .42, +.17
[11:00] {Threei} new window will appear for private cvonversation
[11:00] {strider} aig
[11:01] {ese} quotes are now buggared
[11:01] {Threei} looks tempting for a short
[11:01] {Threei} daily too
[11:01] {strider} aggressive?
[11:01] {ese} whats goin on
[11:02] {Threei} let's try to find setup with .05 trigger strider,
[11:02] {Threei} and if it bounces too high invalidating that one, wer will look for aggressive
[11:02] {strider} in partial at .15
[11:02] {ese} showing the 26th on the daily chart......hmmmmmm
[11:03] {dino} fdx stopped
[11:04] {fernp} .05 break short w/stop above .15 is the play, no?
[11:04] {ese} bstop pulled for cien.......don't know what the H is going on
[11:05] {nemo} mmmmhhhh....good reason to be in a trade
[11:05] {Threei} yes fern
[11:05] {Threei} EU) Chief of Foreign Policy Baroness Catherine Ashton: EU has begun to consider further measures against Iran due to lack of progress on nuclear issue
[11:05] {lasertrev} billy, I sent you a email.
[11:07] {nemo} oh, oh
[11:07] {billyc} i got it call me and send the link for the laser demo thanks
[11:07] {fernp} qqqq falling hard
[11:07] {nemo} everything falling hard, except aig
[11:08] {fernp} lol
[11:08] {strider} you noticed:)
[11:09] {nemo} strider, you're like that guy at the dog track in that movie
[11:09] {strider} could you be a little less specific?
[11:09] {larisa} lol
[11:09] {Threei} lol
[11:09] {nemo} can't remember
[11:09] {fernp} lol
[11:09] {nemo} Robert Deniro, the kid, Chaz Palmentieri
[11:09] {Threei} so use AIG as a fade
[11:10] {Threei} or just drop it
[11:10] {strider} I'll hold for .20 stop .05 risk.
[11:11] {Threei} eith your entry yes, it's the most sensible approach
[11:11] {ese} ok quotes are back but charts are buggared
[11:12] {nemo} A Bronx Tale
[11:12] {ese} am already past 4pm on my 1min chrt....those little dashes go quick
[11:15] {ese} wow....heres a heads up for you all......cien is already up for tuesday the about inside information
[11:25] {strider} aig
[11:27] {Threei} still there, lol
[11:28] {Threei} so is FAZ
[11:28] {Threei} so is market
[11:28] {Threei} teasing phase
[11:28] {Threei} market pretends to set ups something, only to snap back immediately
[11:28] {Les} yeh that shot me to hell Friday.
[11:28] {Les} some serious overtrading
[11:29] {Les} and a big hole was dug
[11:35] {Threei} AIG starts workjing for you strider
[11:36] {strider} yeah..I'm out +.12
[11:36] {strider} in the nick of time.
[11:37] {dino} going for open gap fills
[11:37] {dino} or does 1080 gap come into play
[11:37] {strider} LYV
[11:38] {strider} where is magoo?
[11:39] {dino} he is working on his taxes
[11:40] {Threei} sheesh
[11:40] {Threei} tell him to stop paying them
[11:40] {dino} lyv merger
[11:41] {dino} tktm off of lyv
[11:49] {Les} rimm .35 b/d
[11:49] {Les} .30
[11:49] {Les} stop large. small shares
[11:49] {nemo} that's looking more like a DB les
[11:50] {Threei} chart looks right but volume gives no indication
[11:50] {Threei} just steady stream...
[11:50] {Threei} can't tell one way or another
[11:50] {Les} y, but lots of overhead resistance. will watch it
[11:51] {Threei} I would feel better about long side, if consolidates a little, then breaks .50
[11:51] {Threei} with market help of course
[11:51] {nemo} starting to get increasing volume trend
[11:51] {Les} yeh. market playing pinball at the moment
[11:52] {nemo} lunchtime
[11:52] {Threei} eqzaktly
[11:52] {Les} time for a drink then
[11:53] {dino} snda sm l .07
[11:57] {Threei} (US) Treasury's Wolin: New bank regulations are not a return to Glass-Steagall; size and scope of the rules could cover foreign banks
[11:57] {Threei} - New rules will include a "transition period."
[11:57] {Threei} - Will not replace existing deposit caps
[11:57] {Threei} - Plan is aimed at limiting future growth of financial firms.
[11:58] {strider} that could affect ese.
[11:58] {Threei} guess who is on tv
[11:59] {nemo} Paula Patton?
[12:00] {dino} howard roake
[12:00] {nemo} on the next book, huh?
[12:00] {strider} Brangelina?
[12:00] {dino} lol
[12:00] {dino} yes
[12:01] {nemo} what's the little twirp's name at the newspaper?
[12:01] {Les} Jean Seberg?
[12:01] {dino} tooley?
[12:01] {dino} elsworth
[12:01] {nemo} yeah...
[12:04] {Threei} US Pres Obama formally announces limits on student loan payments
[12:04] {Threei} - Also proposes automatic workplace IRAs to generate retirement savings.
[12:04] {Threei} - Note: A NYT report yesterday said it could be among the President's proposals aimed at helping the middle class. The article reports that "a cap on federal loan payments for recent college graduates at 10% of income above a basic living allowance, would cost taxpayers roughly $1 billion.
[12:06] {nemo} that student loan program is going to turn into another mortgage fiasco
[12:07] {Les} PM miners at lod's. AUY, GG, SLW
[12:07] {dino} no kidding
[12:07] {Threei} RIMM solidly above 1:1
[12:08] {Threei} feel free to exit who took it
[12:08] {nemo} I missed that call
[12:08] {Threei} [11:51] {Threei} I would feel better about long side, if consolidates a little, then breaks .50
[12:08] {Threei} [11:51] {Threei} with market help of course
[12:08] {Threei} musings rather than call
[12:09] {nemo} oh yeah...duh...I was thinking long side on it too...moth brain
[12:12] {ilana} also is helpful
[12:12] {nemo} ?
[12:13] {ilana} for booking a flight
[12:13] {ilana} nevermind
[12:14] {Les} Vad, SLW consolidating for a .55 b/d?
[12:14] {Les} market going north though
[12:20] {nemo} 5.0 earthquake in alaska
[12:20] {nemo} lotta' that going on lately
[12:20] {nemo} 2012
[12:21] {nemo} joyg
[12:22] {Threei} don't know Les
[12:22] {Threei} just not a good time for continuatiuon setups
[12:22] {Threei} or reversal setups
[12:22] {Threei} or any setups
[12:23] {nemo} I was going to say...continuation or reversal, what else is there?
[12:24] {dino} sm l itri .01
[12:25] {dino} nemo, don't hold back, say it
[12:25] {nemo} you mean the "rorschach" test :)?
[12:25] {dino} 12:23
[12:26] {nemo} btw..."watchmen" was a really good movie
[12:26] {nemo} oh, no, that was a reply to vad.
[12:30] {Les} just finished watching Enron: smartest guys in the room
[12:30] {Les} talk about foxes guarding the hen house these last ten years
[12:31] {dino} makes me think of den of thieves and liars poker books
[12:33] {Les} not helped by this dummy judge who asserted that restricting contributions is a freedom of speech violation
[12:34] {Les} big money contributions
[12:36] {Les} l slw .55. .50 stop
[12:42] {fernp} TD on highs ignoring the market
[12:42] {Les} FAS powering along fern
[12:55] {Les} out slw +.04
[12:55] {Threei} why not
[12:55] {Threei} better than poke in the eye
[12:56] {Les} low target for daily profit. 5 bucks short for the day now
[12:58] {dino} gj
[13:00] {Les} ty dino. U got any bottom dwellers that interest you right now?
[13:05] {dino} most things are just stuck
[13:06] {dino} out snda ave .46, +.39
[13:09] {Threei} wtg
[13:11] {Threei} Short Setup: MYGN .20 break
[13:12] {dino} thx
[13:15] {fernp} stop .26?
[13:16] {Threei} for a pesky scalper
[13:16] {Threei} otherwise .30
[13:16] {fernp} ok ty
[13:17] {strider} setting on S3 support, .20
[13:17] {nemo} yep
[13:23] {Threei} RMBS Hearing Broadpoint making cautious comments on likelihood Micron would settle (timing uncertain)
[13:23] {Threei} - Broadpoint does not see Micron settling lawsuit with Rambus like Samsung had (24.49, -0.25, -1.01%) (related MU )
[13:32] {dino} cut snda bit too soon
[13:36] {Threei} AIG turned out to be a spectacular short eh?
[13:37] {fernp} true
[13:43] {Les} crap. hope MYGN is still valid. short .19
[13:43] {nemo} tighter stop even
[13:44] {Les} seen ty
[13:45] {Les} WFC b/o
[13:50] {fernp} LVS 16 break?
[13:50] {Threei} sure
[13:51] {fernp} with stop under .90
[13:51] {Threei} questionable time of the day but heck, if you don't take this kind of setups what do you trade at all
[13:52] {fernp} sure :-)
[13:53] {fernp} stopped MYGN
[13:55] {Threei} TKTM...
[13:55] {Threei} has this "non-stop" feel to it
[13:59] {Threei} and what do you know... stopping it isn't
[14:01] {patience} .
[14:03] {strider} stop mygn
[14:07] {Les} ditto
[14:09] {Threei} LVS slowly works
[14:10] {strider} AIG recovering
[14:10] {fernp} yeah sold half, and raise my stop to under .95
[14:11] {Threei} AIG S&P lowers corp credit rating on AIG's ILFC unit to BBB- from BBB+
[14:11] {Threei} - Intl Lease Finance's senior debt rating cut to junk, BB+ from BBB+ (25.68, -0.82, -3.09%)
[14:12] {fernp} yo no
[14:12] {fernp} opps. wrong window
[14:12] {ilana} AMZN is down today big time
[14:13] {strider} hi ilana.
[14:13] {ilana} has all the way up to fill the gap?
[14:13] {ilana} hi :-)
[14:13] {strider} It fell 5 bucks Friday afternoon.
[14:13] {nemo} .57 cents
[14:13] {strider} very dramatic.
[14:13] {Les} l RIMM .76
[14:27] {fernp} out LVS .10
[14:27] {fernp} ty Vad
[14:27] {Threei} :)
[14:32] {ese} .
[14:32] {Threei} Update: Morgan Stanley moves Airlines Sector to Attractive from Cautious
[14:32] {ese} had to go and supervise my 1hour of an exam.......whats the scam ...hows it goin
[14:34] {fernp} still down
[14:34] {i2romantis} i'm able to get to
[14:35] {fernp} not here
[14:36] {fernp} cant resolve the IP. is a DNS problem
[14:36] {Threei} fern
[14:36] {Threei} try
[14:37] {nemo} yeah, that works..
[14:37] {Les} I'm in
[14:37] {fernp} works perfectly. so is a DNS issue
[14:37] {nemo} no pictures showing up in the photo section
[14:37] {nemo} eh...reloaded...fine
[14:38] {Les} you might have a PR issue with this address Vad
[14:38] {strider} out LVS +.09, +.15
[14:38] {Threei} Les?
[14:38] {Les} not sure it's going to pull traders in with http9813015396
[14:38] {Les} doesnt sound like your old title
[14:38] {Les} realitytrader
06[14:38] * nemo slaps Les around a bit with a large apple II dual floppy pc
[14:39] {Les} might attract the thought police though
[14:40] {Threei} lol
[14:41] {strider} dual floppy? Show-off.
[14:41] {nemo} first pc I ever worked on ...visicalc
[14:41] {Les} I've heard of these computers
[14:47] {Threei} LVS over 1:2
[14:50] {Threei} nice move fern
[14:50] {fernp} :-)
[14:50] {Threei} shows the power of taking standard plays with no secondf guessing
[14:50] {fernp} good monday here
[14:50] {Threei} [13:51] {Threei} questionable time of the day but heck, if you don't take this kind of setups what do you trade at a
[14:50] {fernp} one stop, six winners
[14:51] {Threei} yup
[14:53] {Les} out RIMM +.02. going nowhere
[14:53] {ese} L cien .96
[14:53] {ese} sorry .98
[14:53] {dino} out itri .62, +.61
[14:54] {Les} gj
[14:55] {dino} thx
[14:55] {ese} as we take a look at that..........outstanding dino.....isn't that what they say in the army down there
[14:56] {fernp} gotta go. Good evening everybody. see you all tomorrow
[14:56] {nemo} so...does rimm break the wedge long???
[14:56] {Threei} take care fern
[14:56] {nemo} cya
[14:57] {ese} fern
[14:58] {Les} ciao fern
[14:59] {Les} watching the q' for another entry in RIMM nemo
[14:59] {Les} there you go. that's what happens when you second guess a trade
[15:00] {Les} RIMM 1:1
[15:00] {Les} how rude
[15:01] {dino} thx es
[15:13] {Les} MYGN long ..38 or .40 b/0?
[15:14] {dino} ohhhh mannnnnnnnnnnnnnnnn, reminds me of december afternoon market
[15:14] {nemo} market pulling back
[15:14] {dino} snda gives it back
[15:16] {Les} MS .02 b/d?
[15:17] {nemo} yeah, watch support at .98
[15:17] {Les} ta. missed the WFC b/d
[15:21] {Les} s ms .01
[15:27] {Threei} (US) USDA: China bans poultry imports from Texas and Pennsylvania, effective Jan 15
[15:27] {Threei} - No details on why the ban has been imposed.
[15:27] {Threei} - Earlier this month Japan banned poultry imports from Texas and Cuba banned Pennslyvania poultry shipments after reports of low pathogenic avain influenza in the two states.
[15:28] {Les} out ms +.08.
[15:29] {Les} profit target met for the day. C U's tomorrow
[15:29] {nemo} cat break of .15 long...look at the offer
[15:29] {nemo} although...
[15:30] {dino} china trade war is coming
[15:30] {nemo} yep
[15:32] {dino} meli, just about filled that nov gap this morning
[15:32] {nemo} out 1/2 .25 cat
[15:33] {dino} cya les
[15:35] {nemo} stop to .20
[15:36] {nemo} 1/4 more .34
[15:36] {nemo} poetry
[15:37] {nemo} stop .28
[15:39] {nemo} frickin' feline
[15:39] {nemo} stopped last 1/4
[15:41] {ese} gotta go see ya tomorow...still holding cien
[15:45] {Threei} take care ese
[15:50] {billyc} gn all
[15:52] {Threei} thank you all
[15:53] {Threei} have a good evening, see you tomorrow
[15:53] {nemo} gnite
[15:57] {dino} gn all

Labels: , , ,

Thursday, January 14, 2010

Jan 14 2010

If you want to order any of our products or register for a trial, please hold your horses till Jan 25th. We will be back to full functioning upon my return from the Bahamas.

Good day with all trades working like charm, on both long and short side.

Session Time: Thu Jan 14 00:00:00 2010

[08:01] {nemo} seed dropped $1
[08:14] {nemo} I had important level on lvs at 18.35. Above it in the pre market. Holds above...could be good long today
[08:14] {nemo} mos
[08:21] {nemo} aone
[08:35] {strider} SNSS
[08:38] {strider} NFLX
[08:38] {strider} ARST--Cramer gapper
[08:39] {nemo} saw AVATAR yesterday....fantastic
[08:44] {Threei} AONE Signs multi-year battery system supply agreement with Fisker Automotive; expanding capacity due to customer momentum
[08:44] {Threei} - The supply agreement is for battery systems for the Fisker Karma Plug-in Hybrid Electric Vehicle (PHEV). The Karma is scheduled to be launched in late 2010 and expected to be one of the cleanest, most fuel-efficient cars in the world while still offering industry-leading style and performance.
[08:45] {Threei} who cares? battery for Volt is expected to cost $15K
[08:47] {Threei} - A123 also announced today that it has begun to make investments in its 300,000 square foot plant in Livonia, Mich. to expand the final cell assembly capacity by up to 200MW hours once fully operational, inclusive of the previously announced 80MW hour expansion.
[08:53] {Threei} (EU) ECB's Trichet: Any talk of countries leaving the Euro Zone is "absurd hypothesis" - Q&A
[08:53] {Threei} - Euro Zone govt need to take "bold measures" on budgets.
[08:53] {Threei} - Maintaining confidence is key.
[08:53] {Threei} - ECB will not change the collateral rules for any one country.
[08:53] {Threei} - "No comment" on Greek ratings.
[09:01] {dino} gm all
[09:01] {Threei} dino :)
[09:01] {strider} morning everyone
[09:02] {billyc} gm everyone
[09:02] {Threei} strider, billy :)
[09:02] {strider} :)
[09:02] {Threei} CYTX small gap
[09:02] {dino} :)
[09:05] {fernp} Good morning everybody
[09:05] {Threei} fern :)
[09:06] {dino} amx?
[09:06] {Threei} 18:53 AMX Offers to enter into a share swap agreement with Carso Global Telecom, which controls Telmex
[09:06] {Threei}
[09:06] {nemo} nflx hanging at low
[09:07] {Threei} - Under the plan, America Movil would indirectly acquire a 59.4% stake of Telmex's shares and 60.7% of Telmex International.
[09:07] {Threei} - America Movil to offer 2.05 of its shares for every Carso Global share.
[09:07] {Threei} - Following the transaction, shares of Carso Global and Telint would be delisted.
[09:08] {Threei} Netflix Inc Lazard Cuts NFLX to Sell from Hold, price target: $41
[09:08] {Threei} - Despite encouraging public comments Wednesday, firm still sees noise potential in Q409 results and reasons to question Netflixs ability to meet expectations for continued torrid growth.
[09:10] {dino} med
[09:10] {nemo} figures...took that one off my screen a couple of days ago
[09:12] {ese} good morning........
[09:12] {Threei} ese :)
[09:12] {i2romantis} morning all!
[09:13] {ese} vad i2
[09:13] {i2romantis} ese
[09:13] {Threei} i2r :)
[09:13] {i2romantis} 3i
[09:14] {ese} somebody here should be R2D2
[09:14] {Threei} hmm?
[09:17] {i2romantis} yes :)
[09:17] {i2romantis} but then again, we resort to 3 letters
[09:18] {Threei} and to words with two syllables
[09:19] {Les} GM :D
[09:20] {fernp} breaking news: All flights to bahamas have been cancelled.
[09:20] {Les} did Trichet really say "maintaining confidence is key"?
[09:20] {Les} who is he kidding?
[09:20] {strider} more breaking news: In order to expedite boarding of plance, please report to airport naked.
[09:21] {strider} plane
[09:21] {Threei} another breaking news: I don't care.
[09:21] {Threei} yes Les
[09:21] {patience} ok, made me laugh hard strider :)
[09:21] {Les} you're all insane
[09:21] {fernp} lol
[09:21] {Threei} finally
[09:21] {Threei} Les figured us out
[09:21] {strider} morning, patience.:)
[09:21] {Threei} can you believe we fooled him for so long?
[09:21] {patience} morning :)
[09:22] {Threei} he actually thought he was dealing with normal sane bunch?
[09:22] {nemo} pot calling the kettle black Les
[09:22] {Les} yeh well I had a crisis of confidence recently trying to establish a framework of normality
[09:23] {Les} I clearly failed
[09:23] {Les} and have decided that when in rome...
[09:23] {nemo} you have to first define normal...
[09:23] {strider} ...don't knock over the pope.
[09:24] {nemo} like the amount of vodka I have to drink with my russian friends I wouldn't define as normal
[09:24] {Les} that's pretty good strider
[09:24] {strider} nobody else would, either, vad.
[09:24] {nemo} drinking beer at breakfast when living in which I adapted...I didn't consider normal
[09:25] {Threei} hmmm... I can't help but wonder... why is it as soon as we started discussing normal vs. insane i2r started disconnecting in a hurry?
[09:25] {Les} FAS
[09:25] {Les} cause he's not ready for the initiation
[09:25] {i2romantis} i know, the system can't handle it :)
[09:25] {Threei} yeah, blame it on the system
[09:26] {nemo} we back to Jack in "A few Good Men"?
[09:26] {Les} hey, "the system works" i2r
[09:26] {Threei} lol
[09:26] {i2romantis} and trying to connect, it says I'm banned, until a few mins later when it connects
[09:26] {i2romantis} :)
[09:26] {i2romantis} funny people
[09:26] {Threei} well, you are trying to reconnect under wrong username
[09:26] {Threei} must be coded somewhere on autopilot
[09:27] {Les} don't impersonate me i2r
[09:27] {Les} that'd be big mistake
[09:27] {Threei} [09:22] * i2r was kicked by ChanServ (You are not permitted to be on this channel.)
[09:27] {Threei} -----------
[09:27] {fernp} welcome back i2
[09:27] {Threei} 09:24] * i2romantis has joined #discussions
[09:27] {Threei} -----------
[09:27] {lasertrev} morning
[09:27] {Threei} trev :)
[09:27] {strider} HRB
[09:27] {i2romantis} thx fern
[09:28] {i2romantis} 3i, i tried i2r just cause nothing worked, so I wanted to see a different result
[09:28] {i2romantis} but autopilot set for the full name
[09:28] {i2romantis} said that nick was already in use
[09:28] {Threei} huh
[09:28] {i2romantis} but it's all good now
[09:28] {Threei} oohhh
[09:28] {Threei} ghost
[09:28] {i2romantis} I get disconnected sometimes
[09:28] {i2romantis} and then it thinks I'm still connecte
[09:28] {Threei} right
[09:28] {i2romantis} connected*
[09:29] {i2romantis} same with my trading platform, sometimes have to call them to get them to reset me
[09:29] {Threei} if it continues for way rtoo long, you may have to send an e-mail asking to kick out the ghost nick
[09:29] {Les} when that happens to me i2r, I reboot the computer
[09:29] {Les} fixes broker problem
[09:30] {nemo} amzn tank
[09:30] {dino} med 5 day ugly
[09:30] {nemo} coyote ugly?
[09:31] {nemo} or double coyote ugly?
[09:32] {Les} FAS
[09:32] {Les} WFC
[09:32] {Les} MS showing continued weakness
[09:34] {Threei} ugh
[09:35] {Threei} AONE broke faster than I could type
[09:35] {Les} AONE
[09:36] {nemo} lvs
[09:38] {nemo} if lvs breaks .85 there
[09:38] {nemo} there's air up there
[09:38] {Threei} too sharp spike on intraday
[09:38] {Threei} needs pullback
[09:39] {Threei} .50 area should be interesting for entry
[09:39] {Threei} FITB 52 week highs
[09:39] {ese} ya
[09:39] {ese} just noticed that
[09:39] {Les} MS .85 B/D? .95 STOP?
[09:40] {nemo} might be looking to test DB at .70
[09:40] {Threei} hardf to tell les, two supports right under, .80 and .70
[09:41] {Threei} Long Setup: LVS .75
[09:41] {fernp} FITB .65 break is attractive
[09:41] {Threei} stop under .60
[09:41] {ese} missed
[09:42] {nemo} could consolidate around here for a bit
[09:45] {nemo} .70 new stop for lvs?
[09:46] {dino} fsys
[09:46] {Threei} Long Setup: AONE .60 break half lot
[09:46] {Threei} ugh
[09:46] {Threei} late again
[09:46] {Threei} let's see if we can get a pullback
[09:47] {Threei} .50 if holding .40
[09:47] {Threei} half lot, very volatile
[09:47] {ese} L seed .49
[09:48] {Threei} no play for now, AONE
[09:48] {Threei} LVS 1 cent of 1:1
[09:48] {nemo} lotta' offers at .89
[09:49] {ese} seed quote please.......system has shut dn
[09:49] {nemo} 13.48
[09:49] {nemo} .52
[09:49] {ese} tks
[09:49] {nemo} 54
[09:49] {nemo} 55
[09:49] {nemo} 50
[09:49] {nemo} 43
[09:50] {nemo} 48
[09:50] {ese} back tks nemo
[09:50] {nemo} it's looking short ese
[09:51] {nemo} well, so much for my opinion
[09:51] {dino} .
[09:52] {ese} out seed .75 +.26
[09:52] {nemo} lvs breaks this consolidation
[09:52] {Threei} LVS 1:1
[09:53] {ese} thanks again nemo.......was crapping there for a bit.......10k on the line
[09:53] {fernp} ty Vad
[09:55] {Threei} LEN "Fraud Discovery Institute" comments that Lennar has failed to pay a state tax lien of $88K while it awaits a $320M federal tax refund (timing uncertain)
[09:55] {nemo} makes sense to me
[09:56] {Threei} CEDC... people like their Zubrowka, eh
[09:57] {nemo} med
[09:58] {dino} thinking 23.60s
[09:58] {fernp} SYMC, Vad?
[09:58] {Threei} 2 day's high and 52 week high...
[09:58] {Threei} worrth a try I guess, with 10 cents stop
[09:59] {fernp} ty
[09:59] {Threei} CYTX again
[10:00] {Threei} *(US) NOV BUSINESS INVENTORIES: 0.4% V 0.3%E
[10:00] {Threei} - prior revised from 0.2% to 0.4% (related SPY SHY EUR/USD )
[10:03] {ese} looks like no more trading for broker Questrade is very irratic dn again
[10:04] {Threei} Long Setup: ENER .75
[10:04] {Threei} if stays above .60
[10:07] {Threei} US) SEC Chair Schapiro: It is important that govt moves toward removing references to credit ratings in rules
[10:07] {Threei} huh?
[10:08] {Les} out ener ty vad
[10:08] {Threei} ENER 1:1 is nigh
[10:08] {Threei} there
[10:08] {fernp} TY again
[10:09] {Threei} welcome guys
[10:09] {Les} dug myself a hole again at opening, but scalping much more confidently to recover
[10:11] {dino} haven't filled one yet
[10:12] {fernp} FITB 1:1
[10:13] {Threei} Short Setup: CAT .30 half lot
[10:15] {fernp} .50 invalidates the play?
[10:15] {Les} .40?
[10:15] {Threei} .45
[10:16] {ese} fern...did you get into fitb
[10:16] {fernp} y
[10:16] {fernp} from .66
[10:16] {ese} nice......i missed the .65 break following seed
[10:17] {ese} 50k hopefully
[10:17] {fernp} [15:41] {fernp} FITB .65 break is attractive
[10:17] {fernp} only 1000
[10:17] {Les} only?
[10:17] {ese} well done!!
[10:17] {fernp} ty
[10:18] {ese} we've got our accomodations booked in florence long does it take you to get there
[10:18] {Les} that's a long way away ese
[10:18] {Threei} CAT 1:1
[10:19] {Les} this is going well today. ty
[10:19] {Threei} welcome
[10:20] {Threei} readability returns slowly, as foretold
[10:20] {fernp} ty again again
[10:20] {ese} ahhhh.....ok.....
[10:20] {Les} rimm .60?
[10:20] {nemo} "nigh" and "foretold" in less than an hour...oh jeez
[10:20] {Threei} lol
[10:21] {Threei} not sure on RIMM
[10:22] {Les} fcx b/d
[10:23] {Les} almost took fcx and would have had a hell of a hole to dig out of
[10:24] {dino} mtl
[10:24] {Les} seed .30 b/d?
[10:24] {Les} .40 stop?
[10:25] {Threei} nah
[10:25] {nemo} support at 200 at .15 right where it bounced
[10:25] {Threei} it rather shapes up as a bounce
[10:26] {Threei} .30 break weith stop under .20
[10:28] {dino} sm l medv .75 risky
[10:28] {nemo} ou mean med?
[10:28] {dino} med, yes, typo
[10:28] {dino} stop .43
[10:29] {Les} ty. +.05 seed
[10:29] {Threei} SEED 1:1
[10:29] {Les} I'm with fern. I like scalping
[10:29] {Threei} this is fun
[10:30] {fernp} i am with Vad. I love scalping
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 175M shares, about 30% below its three-month average; advancers lead decliners by 1.3:1.
[10:30] {Threei} - NASDAQ volume 520M shares, about 8% above its three-month average; advancers lead decliners by 1.4:1.
[10:30] {Threei} - VIX index -1.5% to just over 17.50
[10:31] {Threei} Bulletin of Atomic Scientists adjust DOOMSDAY CLOCK away from Midnight by 1 minute to 6 mins to Midnight
[10:31] {Threei} - They last adjustment in 2007 was towards Midnight by 2 minutes to stand at 5 minutes to Midnight, citing risks in nuclear proliferation and global warming
[10:31] {Threei} - Note: Furthest the clock was from midnight stood at 17 minutes to midnight following the end of the Cold War.
[10:31] {dino} naz has been kicking volume lately
[10:31] {Threei} idiots
[10:32] {Les} pretty pessimistic bunch
[10:32] {Les} we should put them in washington
[10:32] {Threei} the very concept is puke-inducing
[10:32] {Les} yeh. look at me. I predict your death.
[10:32] {Les} I am god
[10:32] {dino} and they get paid for that, i need govt job
[10:33] {dino} med stopped -.37
[10:33] {Threei} bunch of egg-headed enlightened thinkers (puke) sits around and discuesses whether humankind moves in the right directioon or not
[10:33] {Threei} using as criteria what exactly?
[10:33] {Les} "objective reality"
[10:33] {Threei} their enlightened ideas of right and wrong?
[10:34] {Threei} more puke-inducing details for your entertaiment:
[10:34] {Threei} - Citing a more "hopeful state of world affairs" in relation to the twin threats posed by nuclear weapons and climate change, the Bulletin of the Atomic Scientists (BAS) is moving the minute hand of its famous Doomsday Clock one minute away from midnight. It is now 6 minutes to midnight. The decision by the BAS Science and Security Board was made in consultation with the Bulletin's Board of Sponsors, which includes 19 Nobel Laureates
[10:35] {Threei} I am sorry, if thery beliueve climate change is a threat, then what exactly changed to the better?
[10:35] {nemo} Obamanator
[10:35] {Threei} - BAS Board said: "It is 6 minutes to midnight. We are poised to bend the arc of history toward a world free of nuclear weapons. For the first time since atomic bombs were dropped in 1945, leaders of nuclear weapons states are cooperating to vastly reduce their arsenals and secure all nuclear bomb-making material.
[10:35] {Threei} And for the first time ever, industrialized and developing countries alike are pledging to limit climate-changing gas emissions that could render our planet nearly uninhabitable. These unprecedented steps are signs of a growing political will to tackle the two gravest threats to civilization -- the terror of nuclear weapons and runaway climate change."
[10:35] {Threei} ahha!
[10:36] {dino} idiots
[10:36] {Threei} they are pledging!
[10:36] {nemo} knew it had to be there some place
[10:36] {Threei} we are saved
[10:36] {nemo} seed vad
[10:36] {Threei} what about it?
[10:36] {Threei} let me guess
[10:37] {Threei} contemplating .50 break, aren;'t you
[10:37] {nemo} well.....
[10:37] {nemo} mmmmhhhh.....
[10:37] {nemo} ahhhhh.....
[10:37] {nemo} ....not sure
[10:38] {Threei} ok, then I am back to grim enjoyment of stupidity put on pedestal
[10:39] {nemo} frankly, seed could be a short here
[10:39] {Les} hig looking short with a little consolidation
[10:39] {Threei} I don't see anything indicative either way
[10:39] {Threei} on SEED
[10:42] {Threei} while nothing tradeable appears, let me treat you to probably last of new year decoration series, before sunny beaches take over:
[10:42] {Threei}
[10:44] {Threei} CFTC's Chilton: Planning to collect public comment with regards to position limits over the coming months (related ICE ISE NDAQ NYX CME USO EUR/USD )
[10:44] {Threei} position limits...
[10:44] {Threei} wtf is going on
[10:44] {Threei} limit positions to buying power
[10:44] {Threei} limit buying power to reasonable margin
[10:45] {Threei} make every entity invoplved responsible for the financial outcome of trade
[10:45] {nemo} aone short vad
[10:45] {Threei} let those who lose fail
[10:45] {Threei} end of story
[10:45] {nemo} 200 ma is .60
[10:45] {dino} plce sm l .00
[10:46] {Les} you can't be controlled with such liberal financial policies vad...
[10:46] {Threei} no need to control what is allowed to fail
[10:46] {Threei} it's when you decide that you will rescue losers that you must instill ciontrols
[10:47] {Threei} and forcrissakes, restore Glass-Steagall
[10:47] {nemo} aone tanking
[10:47] {Threei} White House: bank fee will continue for 10 years or more if necessary to fully repay the TARP monies
[10:48] {Threei} cool
[10:48] {nemo} so...there stock will go in the tank
[10:48] {Threei} taxpayer repays to himself what he lended, through taxing himself
[10:48] {nemo} how are they supposed to align bank officer interest with profitability?
[10:48] {Threei} - Reiterates that fees will be targeted at the most highly leveraged banks.
[10:48] {Threei} it's getting better
[10:49] {nemo} but not GMAC FNMA FRE
[10:49] {nemo} or the car companies
[10:52] {dino} the ones that started the mess
[10:56] {Threei} (IR) Major powers will meet on Saturday to discuss Iran nuclear issue
[11:08] {dino} med sm l .50
[11:09] {dino} sm l meli .00
[11:11] {dino} fsys lod
[11:13] {Threei} Long Setup: SEED .10 break
[11:14] {dino} meli stopped -.33
[11:16] {Threei} (GE) German reportedly plans to cut solar subsides for new roof and open field sites by 16-17%, effective mid-April - unconfirmed report
[11:19] {Threei} thinking partials
[11:19] {Threei} should be good fopr more than scalp
[11:19] {Threei} 1:1
[11:19] {fernp} ty
[11:19] {Threei} yw
[11:19] {jmb} Thanks Vad
[11:19] {Threei} 1:2
[11:20] {Threei} jmb :)
[11:20] {nemo} should go to .38 anyway
[11:22] {dino} fsys sm l .25
[11:23] {patience} .
[11:29] {dino} meli rinsed
[11:31] {ese} ok L seed .24
[11:31] {Threei} wow
[11:31] {Threei} that's 1:1.5 above original entry
[11:32] {Threei} a lot of chasing ese
[11:32] {Threei} Mongolia announces moratorium on death penalty
[11:32] {Threei} why do I find it funny...
[11:32] {nemo} me too
[11:33] {Threei} ok, nowe I knowe for syre something's wrong wityh mer
[11:33] {nemo} I get images of Ghengis Khan
[11:33] {ese} are my charts wrong....
[11:33] {Threei} oh boy... and with my typing
[11:33] {nemo} you need a vacation
[11:33] {Threei} ese,
[11:33] {ese} in after higher low
[11:33] {Threei} [11:14] {Alert} Threei Long Setup: SEED .10 break
[11:33] {ese} tired for .20 gilled .24
[11:34] {nemo} wtf...with spelling
[11:34] {ese} tried/filled
[11:35] {ese} maybe .30 break here would have been better?
[11:35] {nemo} voume was right
[11:35] {nemo} had old resistance as new support
[11:36] {ese} ohhhhhhh ....missed that call
[11:36] {nemo} you're still above the 13 ma
[11:36] {Threei} ese... my point is, stock started reversing at .10 where I called it
[11:36] {ese} just got back to my computor from being on the phone again
[11:36] {Threei} we are aslrteady out 1/2 and 1/4
[11:36] {nemo} who voted you king?
06[11:37] * Threei slaps nemo around a bit with a large , heavy and sharp-edged object of unknown origin
[11:37] {nemo} damn...I'll have to get a tetanus shot
[11:37] {ese} no
[11:37] {Threei} 32% Say U.S. Heading In Right Direction
[11:38] {nemo} yeah, but 50% of the people are on the wrong side of the bell curve
[11:38] {dino} rino sm l .35
[11:44] {ese} my stop is .20 for seed by the way
[11:49] {ese} stopped .19
[11:49] {ese} yup.....should have taken it at .34
[11:54] {ese} ok....give me the I told you so trout
[12:08] {Threei} ok... I fought myself long enough and lost
06[12:08] * Threei slaps ese around a bit with a large banner I TOLD JA SO, bold font, red letters
[12:10] {ese} ahhhhhh tks .....i needed that
[12:16] {Threei} Market Internals update at 12:00pmET
[12:16] {Threei} - NYSE volume 320M shares, about 28% below its three-month average; decliners lead advancers by 1.1:1.
[12:16] {Threei} - NASDAQ volume 1.01B shares, about 13% above its three-month average; advancers lead decliners by 1.2:1.
[12:16] {Threei} - VIX index -1% to just over 17.50
[12:28] {dino} uthr?
[12:33] {Les} back and long WFC .92
[12:35] {ese} l seed .14
[12:35] {Les} I see the room is getting violent
[12:36] {nemo} ?
[12:36] {ese} out seed .2099
[12:36] {Les} Vad slapping people around
[12:36] {ese} +.06
[12:36] {Les} or perhaps I should see it differently...
[12:36] {nemo} you haven't been here long enough...nothing new...wait until he breaks out the army boots
[12:36] {Les} perhaps I should look at it like the three stooges
[12:36] {Les} then its funny
[12:37] {nemo} where you from in oz?
[12:37] {ese} neyuck neyuck neycuk...ack ack ack...neyuck neyuck neyuck......that'l teach it for taking me for .05
[12:37] {Les} born in darwin
[12:37] {Les} but spent much time in Brisbane
[12:37] {Les} got to know sydney with the army
[12:38] {nemo} yeah...I lived in Sydney for awhile before the Olympics
[12:38] {dino} med spike
[12:39] {Threei} MED Disavows Allegations as False, Misleading and/or Without Merit
[12:39] {Threei} - has been the subject of a series of fraudulent attacks on its stock in a case of outright, deliber... (5.26, +0.26, 5.20%) more...
[12:40] {Threei} deliberate, and possibly illegal market manipulation. Beginning February 17, 2009, Mr. Barry Minkow, a convicted felon, and his Fraud Discovery Institute (FDI) posted on the FDI website a "report" authored by his close associate, Mr. Robert Fitzpatrick, which accused Medifast through its direct selling subsidiary, Take Shape for Life, Inc., of being: 1) an illegal "endless chain" pyramid, and 2) a Ponzi scheme comparable to that perpetrated by Bernard Madoff.
[12:40] {Threei} - The attacks continued with subsequent "reports" and updates posted by Mr. Minkow, Mr. Fitzgerald and their co-conspirators in May and June 2009; and most recently January 8, 2010. The allegations are patently untrue. They were made with the intent to manipulate the share price of Medifast downward (which occurred) in order for Mr. Minkow and others to profit from his subsequently disclosed short position in Medifast stock, which he acquired prior to publishing his first fraudulent attack.
[12:40] {Threei} - These public allegations were made in mid- February 2009 and were immediately followed by significant short selling and short selling option puts that shaved more than $30 million from the market capitalization of Medifast.The companyhas demanded that this third party take down its website information containing false information or be subject to appropriate legal action.
[12:43] {Les} cool. can I avoid prosecution if I did that from Switzerland?
[12:44] {dino} out med +.75
[12:44] {Les} out wfc flat. it's behaving like a dog
[12:44] {Les} wtg dino
[12:44] {dino} 3i, that was from earlier right
[12:44] {dino} thx les
[12:45] {Threei} no
[12:45] {Threei} fresh
[12:46] {Threei} 12:38 time stamp
[12:49] {dino} seems like re-hash of 10:15 news
[12:50] {dino} ntri
[12:52] {nemo} pivot support at .46 dino
[12:53] {nemo} no other support until 25.80
[12:53] {Threei} I don't see anything at 10:15
[12:54] {Threei} nor reaction on chart
[12:54] {dino} ntri?
[12:54] {nemo} that's what I'm referring to
[12:54] {dino} cyber has 10:15, 11:44, 12:20, etc
[12:54] {dino} ok nemo
[12:55] {dino} could be sympathy drop
[12:55] {nemo} been dropping since 10:15
[12:55] {dino} ntri was mentioned in article as competitor
[12:56] {Threei} (SW) Sweden Fin Min Borg: Size of bonuses at Swedish banks 'provocative'; may examine measures on the bonuses
[12:56] {Threei} - could make sense to put a Euro referendum on the agenda; Swedish finances are better than previously thought
[12:56] {dino} so is their cheese
[12:56] {nemo} that's switzerland dino
[12:56] {dino} opps
[12:56] {nemo} ugly american
[12:56] {Les} cows freeze their udders off up in sweden dino
[12:57] {nemo} What happened to the cow that jumped over the barbed wire fence?
[12:57] {dino} dk
[12:57] {nemo} "Udder" destruction...
[12:58] {dino} lol
[12:58] {nemo} ntri at support
[12:59] {dino} feels like push down to high 25s for strike
[12:59] {nemo} 25.80 area
[12:59] {dino} alrighty then
[12:59] {nemo} o.k. Bill
[13:00] {nemo} look at joyg
[13:02] {nemo} ekg kinda' flatline
[13:03] {Threei} (US) Fed's Bernanke: Fed's regulatory activities helps it better perform its central banking functions - testimony
[13:03] {Threei} - Information gleened from bank supervision aids process of developing an exit strategy.
[13:03] {Threei} - Fed's supervisory role is critical for understanding emerging strains on banking system and the economy.
[13:04] {nemo} funny...didn't work before, why will it work now?
[13:05] {dino} hmmm as opposed to no regs? lol
[13:07] {nemo} short ntri? mmmmhhhh
[13:09] {dino} not i, down too much, odds for bounce imo
[13:13] {Les} LVS
[13:17] {Les} got a read on AIG vad?
[13:17] {Threei} other than A, then I, then, ummm, G... no
[13:18] {Threei} it needs some jolt
[13:18] {Threei} lost sparkle
[13:19] {dino} gmcr
[13:19] {nemo} DB
[13:19] {dino} gap 80.65
[13:22] {Les} short gmcr .28
[13:22] {Les} out +.10
[13:24] {Les} RIMM b/d .80?
[13:24] {Les} .90 stop?
[13:24] {Threei} chart looks nice and setup is valid, but
[13:25] {Les} always the but
[13:25] {Threei} market overall just doesn't look like anything downtrending any time soon
[13:25] {Les} k
[13:25] {Threei} thisd kind of perfect-looking setups not matching market overall feel is very likely to turn a trap
[13:26] {Les} k. I'm green for the day so happy to avoid traps
[13:26] {dino} amed
[13:26] {nemo} market probably waiting for intel
[13:29] {Les} gmcr approaching gap
[13:29] {dino} nah
[13:30] {Les} ooh that's ugly gmcr
[13:30] {nemo} not if you're short :)
[13:30] {dino} indeed
[13:31] {Les} well I missed that 81 trigger, so I'm criticising
[13:31] {nemo} no you got the right trigger when it dropped 30
[13:31] {nemo} .30
[13:32] {Threei} we need to thank RTIMM for a perfect illustration of the aforementioned trap
[13:32] {Les} I just saw it!
[13:32] {Les} you are right
[13:32] {Les} take that one to the bahamas...
[13:32] {Threei} disgusting eh?
[13:33] {Les} how dare they...
[13:33] {Les} fas seeing new hod
[13:33] {Les} seeking
[13:34] {dino} thin, sm l jst .84
[13:34] {Threei} Hearing Lazard defending solar names following news of German cut in solar subsidies (timing uncertain)
[13:34] {Threei} lol
[13:34] {Threei} defense comes to:
[13:35] {Threei} wait!!! we are full in still!! let us out!
[13:35] {Les} nice call dino
[13:36] {dino} thx
[13:36] {dino} and vad i was thinking just that.
[13:46] {Les} .20 b/o of fcx with .05 stop?
[13:46] {Threei} yes
[13:46] {Threei} don't chase, let it pull back
[13:46] {Les} had to chase that one
[13:46] {Les} hahah
[13:47] {Threei} there you go
[13:47] {Les} ouch
[13:48] {Threei} what's with chasing, it ruins your risk reward ratio
[13:48] {Threei} don't do that
[13:48] {Les} yes master
[13:49] {ese} hey done my watching for today......catch you tomorrow
[13:49] {Threei} take care ese, see you in a week and half
[13:49] {Les} les give jedi apprentice genuflection
[13:50] {ese} oh yeh.........have a great ttrip vad!!!! take care
[13:50] {Les} ciao ese
[13:50] {Les} you here tomorrow?
[13:50] {ese} yup
[13:52] {Les} same bat time, same bat channel...
[13:52] {Threei} FCX 1:1
[13:52] {Threei} nice and easy - if played by the rules
[13:53] {Threei} nerve-wrecking and debilitatingly painful if not
[13:53] {Les} I didn't get a fill...
[13:53] {Les} I saw one fill at .35
[13:54] {strider} AONE short?
[13:54] {Les} ok. dishes are done maaan.
[13:55] {Les} nice looking trade log today. I'm happy with the numbers I see in it
[13:55] {Threei} I hate the size of the stop strider
[13:55] {Threei} chart is right
[13:55] {Threei} risk parameters are a bit on a tough side
[13:55] {Threei} worked like charm though
[13:55] {strider} thanks. already in and out. +.13
[13:55] {Threei} cool
[13:56] {Les} why is size of stop a problem vad?
[13:56] {Les} I see 10 cent stop
[13:56] {dino} tsl
[13:56] {Threei} not really, consolidation was around .20, then dive into 21
[13:57] {Threei} so it was rather 25 cents
[13:57] {Les} ok. I was looking at .10 b/d
[13:57] {Threei} no sound resistance was established around .10
[13:57] {Les} ok. so not an appropriate trigger
[13:57] {Threei} well, at the moment of the question is was 21
[13:57] {Les} ok
[13:57] {dino} yge
[13:57] {dino} solars in general
[13:57] {Threei} that's mongolian sounding name dino
[13:58] {dino} risky fsys sm l .50
[13:59] {Threei} yeah, that move by Germany killed them good
[13:59] {Threei} and showed how viable whole industry is
[13:59] {Les} what's the canadian solar stock
[13:59] {dino} csiq?
[14:00] {Threei} no govt subdcidies, whole sector is dead
[14:00] {nemo} especially if they put those leverage limits in enegy futures
[14:00] {Les} ty
[14:00] {patience} kind of like uranium stocks, those use to be fun to trade
[14:02] {dino} what is the symbol for them
[14:02] {Les} fcx .30 b/o?
[14:02] {Les} .20 stop?
[14:02] {dino} patience do you remember us uranium symbol
[14:03] {Les} dnn
[14:03] {Les} ccj
[14:03] {patience} no, let me look at my list
[14:04] {Threei} Magnitude 5.6 earthquake reported near Hokkaido, Japan
[14:04] {nemo} lotta' that going on lately
[14:04] {Threei} hey hey... my dfaughter is in Japan right now
[14:04] {Les} the mayans were right! 2012
[14:05] {nemo} this summer will be fun
[14:05] {Threei} dino, Piper stuck in solars together with Lazard
[14:05] {Threei} FSLR Hearing Piper defending solar stocks (timing unceratin
[14:05] {Threei} Market Internals update at 2:00pmET
[14:05] {Threei} - NYSE volume 465M shares, about 27% below its three-month average; advancers lead decliners by 1.1:1.
[14:05] {Threei} - NASDAQ volume 1.46B shares, about 12% above its three-month average; advancers lead decliners by 1.2:1.
[14:05] {Threei} - VIX index --1.75% to just over 17.50
[14:06] {strider} Guess who's on TV?
[14:06] {Les} citizen kane
[14:06] {nemo} zoe saldana?
[14:06] {Threei} salma hayek
[14:07] {strider} Barney not-so-frank
[14:07] {dino} ty les and patience. my son asked me to buy some for him
[14:07] {dino} stock that is
[14:07] {nemo} kewl
[14:07] {Les} learning to make the bomb in science class is he?
[14:07] {Threei} says fees on banks is a great idea?
[14:07] {patience} sorry dino, didn't keep u.s. stock symbols..i track tsx ones, like u, pdn, uuu, dml, fiu, lam, usu, uex
[14:07] {strider} fees on EVERYTHING is a great idea.
[14:07] {nemo} what does salma know about banks
[14:08] {strider} That's the only idea democrats have.
[14:08] {Threei} actually they have two
[14:08] {dino} usu, thats the one
[14:08] {dino} thx
[14:08] {Threei} collect fees and taxes, and spend
[14:08] {patience} dino, my daughter is deeply into physics right now....a walking textbook of knowledge with liberal ideas......
[14:08] {Threei} whole right wing has one: spend
[14:09] {Threei} can we have thrid party?
[14:09] {Les} no
[14:09] {Threei} do NOT overtax and do NOT overspend one
[14:09] {nemo} it's all gotta' collapse first
[14:09] {Threei} how hard is that
[14:09] {dino} my niece is a senior at penn state university, w/paid internship at westinghouse nuclear propulsion
[14:09] {Les} wow
[14:09] {nemo} what happened to you?
[14:09] {patience} very nice, good future
[14:10] {nemo} yeah, she won't have to turn on the lights when she's at home at night
[14:10] {dino} good kid, and very smart w/numbers. she knows kids studying chaos theory
[14:10] {nemo} she should just meet me...I'm chaos incarnate
[14:10] {dino} lol
[14:11] {nemo} looks like spy wants to break
[14:12] {Les} lvs
[14:12] {Les} .60 b/d?
[14:13] {Les} .70 stop?
[14:13] {Threei} rather yes
[14:13] {Les} i like that cahrt
[14:13] {Les} chart
[14:13] {Les} les is salivating
[14:13] {Threei} I'd be more confident about iot if some more conssolidation occurs first
[14:14] {Les} k
[14:14] {Threei} or better yet, little bounce
[14:14] {Les} thinking likewise
[14:14] {Threei} like this
[14:14] {Threei} now, do not break .70
[14:14] {Threei} better yet, do not even break .65
[14:15] {Threei} lose .60 and we are golden
[14:16] {Threei} ADBE U.S. Cyber Security Alert issued on multiple vulnerabilities in Adobe Reader ver 8 & 9 - update
[14:16] {Threei} - Please note the CERT Alert was out Wednesday evening however today the NYT speculated that the Chinese Military used, or may have created this vulterability, to hack and access the "dissident" gmail accounts. Google stated in the article that its security team had physically investigated a hacked laptop and found no sign of any virus or malware suggesting a potentially highly sophisticated vulnerability that not only provides outside access but also removes all traces.
[14:17] {strider} adbe short?
[14:17] {Threei} - Details of the vulnerability can be foudn at:
[14:18] {Threei} not on this story
[14:18] {strider} look at chart:)
[14:18] {nemo} guys...and ladies...if you want to check out the best anti-virus/malware protection out their, check out TASwatch at
[14:18] {Threei} pure technically, could be
[14:18] {nemo} out there
[14:18] {Les} better than Norton?
[14:18] {nemo} no comparison
[14:19] {Les} really? got subscription renewal coming up
[14:19] {Les} no go lvs
[14:19] {nemo} what operating system
[14:19] {Les} xp
[14:19] {nemo} perfect
[14:19] {nemo} when you download it, wait until you see how many infections you currently have you don't know about
[14:20] {nemo} you order the software, they send you a download link
[14:21] {strider} NFLX short?, .10
[14:23] {Threei} bulimic stock...
[14:24] {strider} meaning??
[14:25] {Threei} thin
[14:25] {strider} h
[14:25] {strider} ah
[14:25] {nemo} watch tck for a trend break down short
[14:26] {strider} the symbol tck?
[14:26] {nemo} yes
[14:27] {strider} short where?
[14:28] {nemo} at the moment, it would be a break below .34...watching for trend line break
[14:28] {nemo} it's forming a wedge
[14:28] {nemo} joyg also forming a wedge
[14:28] {patience} just bounced up on canadian side
[14:28] {nemo} here too, but within the wedge
[14:29] {Les} fcx .95 b/d with .10 stop vad?
[14:30] {Les} perhaps consolidating a little more
[14:30] {nemo} nite all
[14:31] {strider} you gone?
[14:31] {Les} ciao. u here tomorrow?
[14:31] {nemo} ja wohl
[14:31] {Les} alright. online porn party!
[14:31] {Threei} don't forget guys,
[14:31] {strider} no sprachen ze english?
[14:31] {Les} the mice will play...
[14:31] {nemo} frickin ozzies
[14:31] {Threei} Monday is day off, sdo tomorrow is fri before the long weekend
[14:32] {nemo} natuerlich...entweder oder
[14:32] {strider} what's Monday?
[14:32] {Les} milk day
[14:32] {fernp} LMK
[14:32] {nemo} mlk day
[14:32] {strider} geez
[14:33] {Les} so tomorrow could be slow day? or volatile cause of options exp?
[14:34] {Threei} slow most likely
[14:35] {Les} fcx .95 b/d?
[14:35] {Les} w .05 stop?
[14:38] {strider} AONE breakout?
[14:39] {Threei} FCX no
[14:39] {Threei} AONE, can't tell
[14:42] {dino} scanners all green
[14:44] {Les} H&S HIG?
[14:44] {dino} eqix spike
[14:44] {Les} .20 b/d?
[14:44] {Threei} HIG, .20 break is valid trigger...
[14:44] {Threei} market help is big unknown, but lkooks plausible
[14:45] {Les} ty
[14:46] {Threei} Fed's Fisher: recovery is underway, reiterates it will be a tepid recovery - CNBC interview
[14:46] {Threei} - Sees Slow Rate Of Growth For 2010.
[14:46] {Threei} - States recovery is palpable but "not enough"
[14:46] {Threei} - Independent Fed is crucial
[14:46] {Threei} - Continues to support current MBS purchases schedule
[14:46] {dino} fsys to .90
[14:46] {Threei} Independent Fed is crucial for Fed's well-being
[14:47] {Les} they'll keep spining that line until the cows come home...
[14:47] {Threei} now, this one I like:
[14:47] {Threei} ****Reminder: On 01/12 Fisher said that Impact of Fed efforts have started to be felt and that the economy was showing signs of "tepid" recovery. He warned that monetizing debt is not the way to improve deficit and called for a return to "fiscal sanity".
[14:47] {Threei} high five on that Fisher but
[14:48] {Threei} how did we deviate from fiscal sanity on Feds watch?
[14:48] {dino} out ave .88, +.38
[14:48] {Threei} maybe if you were an appropriate sctructure for the job, we wouldn't have to "return" to it now?
[14:49] {Les} s HIG .19
[14:52] {fernp} SANM 12.10 break, Vad?
[14:53] {Threei} hmmm
[14:53] {Threei} hard to tell
[14:53] {fernp} ok
[15:02] {fernp} FAZ breakdown?
[15:03] {dino} sm l fcn .31
[15:05] {fernp} covering here .52 +.08
[15:15] {Threei} VZ Aiming to lower phone and pricing plans effective Jan 18th
[15:15] {Threei} one thing I don't have particular answerr to:
[15:16] {Threei} looking at today's intraday chart, I see just the same slow and narrow,
[15:16] {Threei} yet, trades were so much easier to find and read
[15:16] {Threei} not sure what's this about
[15:17] {Threei} maybe my brain feels beach-inspired freedom
[15:17] {Threei} and enjoyment of 2-days long presdentation
[15:19] {fernp} dont talk about AGAM in your presentation Vad
[15:19] {Threei} say what?
[15:19] {Threei} about 70% of my presentation is about it
[15:20] {Threei} you leave me with no material
[15:20] {fernp} please, don't do it
[15:20] {Threei} but I have no time to prepare anything else
[15:20] {fernp} they are good persons
[15:22] {Les} fcx .30 b/o?
[15:22] {Les} .20 stop?
[15:22] {Threei} I think so
[15:25] {Threei} invalidated
[15:26] {Les} already moved on. was eyeing of GS when it decided to fall off a cliff...
[15:28] {billyc} gn all
[15:29] {Les} ciao billy
[15:30] {fernp} bye billy
[15:30] {Les} lvs .75 b/d?
[15:30] {Threei} Okay guys, let me bid you all good bye
[15:30] {Threei} share trades, satay safe
[15:30] {Les} behave yourself on the plane
[15:30] {strider} have a good time, vad
[15:31] {dino} have a good time vad
[15:31] {Threei} I'll see you all in two weekend
[15:31] {Threei} s
[15:31] {fernp} have a good trip, Vad
[15:31] {Les} ciao
[15:31] {Threei} thank you all
[15:31] {fernp} enjoy
[15:31] {Les} no sir. thank you
[15:31] {dino} vad, remember when life gives you lemons, grab the tequila and salt
[15:31] {lasertrev} have fun Vad!
[15:34] {Les} QID .43 b/o possible
[15:41] {strider} Anybody see any candidates for overnight?
[15:41] {strider} gap this morning......running up to the close?
[15:43] {fernp} watching LLL, GNVC, SANM, MHS, SYK or FRT for overnight
[15:44] {fernp} FRPT
[15:44] {strider} :)
[15:44] {dino} just things that are down big, imo
[15:44] {dino} meli, fsys, med, yge,
[15:45] {Les} GSIT, GKK
[15:45] {strider} thanks, guys
[15:45] {Les} not trading these stocks
[15:46] {strider} understood.
[15:47] {dino} tsl brutal
[15:49] {strider} MSPD maybe
[15:49] {Les} volume's there, looking at the last week of trading of MSPD
[15:51] {fernp} im long from 12.11 in SNMA, i think im going to hold it overnight
[15:51] {fernp} small shares
[15:51] {strider} SANM?
[15:51] {fernp} SANM
[15:52] {fernp} Qs falling a bit now and SANM holding on highs
[15:52] {dino} intc, jpm announce tonight
[15:53] {fernp} and SEED
[15:53] {fernp} no, SEED before open
[15:53] {fernp} sorry
[15:54] {dino} :)
[15:58] {strider} AEP is strong these days.
[15:58] {strider} Holding in IRA
[15:59] {strider} OK, fern. You're in charge tomorrow.
[15:59] {dino} out fcn -.11
[15:59] {dino} out rino flat
[16:00] {fernp} lol. have a good night everybody. Tomorrow I will be here
[16:00] {Les} night all
[16:00] {strider} see ya.
[16:02] {dino} gn all

Labels: , , ,

Tuesday, January 12, 2010

Jan 12 2010

Much better trading today as VIX raises and volatility returns, paired with first signs of trend. Most trades on a short side, most worked nicely. Some were capable of much more than a scalp, like DNDN short off $30.

Session Time: Tue Jan 12 00:00:00 2010

[08:01] {Threei} SNTA Presents Results at AACR-IASLC Demonstrating Potent and Synergistic Activity of STA-9090 in NSCLC Cell Lines Including Mutated EGFR, HER2, and KRAS (4.48, 0.00, 0.00%)
[08:05] {Threei} NVAX Announces Positive Preclinical Results for its Respiratory Syncytial Virus (RSV) Vaccine Candidate (3.02, 0.00, 0.00%)
[08:06] {nemo} I know Strider..."Shut up, nemo!"
[08:07] {strider} Just no psychoanalysis of word usage, please.
[08:07] {nemo} beyond my ken
[08:08] {nemo} do my eyes deceive me, or have things pulled back a bit?
[08:09] {nemo} having said that LVS basically flat
[08:10] {Threei} US) Preview: Nov Trade Balance due out at 8:30amET (13:30 GMT)
[08:10] {Threei} **consensus expectation: -$34.6Be v -$32.9B
[08:30] {Threei} *(US) NOV TRADE BALANCE: -$36.4B V -$34.6BE
[08:31] {Threei} CPST Receives Order for C1000 Power System (1.42, 0.00, 0.00%)
[08:34] {Threei} HIG Announces Estimated 4Q 2009 Core Earnings Of Between $1.45 And $1.60 Per Diluted Shr (26.17, 0.00, 0.00%)
[08:37] {strider} from yesterday: out SEED, -.04. Out MMR, +.71
[08:40] {Les} and who said these setups don't work?
[08:40] {Les} gj strider
[08:41] {strider} thanks les, gm.
[08:41] {strider} Scattergun technique.
[08:42] {strider} Holding EXXI & MDRX for now.
[08:58] {strider} out EXXI +.165
[09:01] {nemo} exxi
[09:01] {nemo} kewl
[09:02] {nemo} med up this morning
[09:02] {Threei} NKTR Announces Positive Topline Results for NKTR-102 From First Stage of Phase 2 Study in Platinum-Resistant Ovarian Cancer (9.50, 0.00, 0.00%)
[09:02] {Les} taking your meds are you Nemo, that's good
06[09:04] * nemo slaps Les around a bit with a large rusty nail laden 2X4
[09:04] {nemo} guess that was a bit over the top
[09:05] {Les} well you can keep wishing me on your disgruntled postal worker list or you can take action
[09:05] {Les} action is good
[09:05] {nemo} too far away les
[09:05] {Les} shows you care
[09:05] {nemo} and I don't feel like shelling out for the ticket to do it in person
[09:05] {nemo} :)
[09:06] {Threei} you can mail him 2x4 and ask him to do it himself
[09:06] {nemo} Switzerland would probably charge a big import duty
[09:06] {Les} US import?
[09:06] {Les} absolutely
[09:06] {Threei} still cheaper than airfare
[09:07] {Threei} and you can probably claim it as a gift?
[09:07] {nemo} lvs showing some life
[09:07] {Les} :)
[09:07] {Les} just declare it duly when you post it
[09:07] {Threei} HIG stays up
[09:08] {nemo} hig med lvs
[09:08] {Les} bear flag in HIG?
[09:08] {Threei} is it my english, or "teachable moment" is really not a very good grammar?
[09:08] {Les} or descending triangle?
[09:09] {nemo} it's fine...we'll just call you the Ukranian Obama
[09:09] {Threei} neither les
[09:09] {strider} A bear flag comes after a downtrend.
[09:09] {Threei} just consolidation
[09:09] {fernp} Good morning everybody
[09:09] {Threei} fern :)
[09:09] {Les} bull flag
[09:09] {nemo} debatable fern
[09:09] {Les} crap sorry
[09:09] {Threei} no really
[09:10] {Threei} moment that teaches or has potential to teach = teaching moment
[09:10] {Threei} teachable moment = moment which you can teach something
[09:10] {Les} ok ok
[09:10] {Threei} no?
[09:10] {Les} just consolidation
[09:10] {Les} I like that consolidation
[09:11] {nemo} mgm strong too
[09:11] {nemo} wynn not
[09:16] {Threei} hard to judge NVAX
[09:17] {Threei} normally this one fizzles out very quickly after some medocre news
[09:17] {Threei} but once in a blue moon it gets going
[09:17] {Threei} really can't tell which case it is today
[09:19] {Threei} Semiconductors Holders Trust Jeffries comments on expectations for semiconductor industry in 2010 (timing uncertain)
[09:19] {Threei} - Jeffries notes that "results and guidance are generally better all around yet expectations are high...and channel inventory levels are relatively healthy across the board." Expects the secular stories to outperform the cyclical names in 2010. Also notes that one concern is "stretched lead times."
[09:19] {Threei} - Top picks are BRCM, MRVL, QCOM, TXN, ATHR, SLAB, XLNX, CAVM, CY, NETL, and MLNX.
[09:21] {Threei} US) FL: Central Florida citrus growers fear more over night freeze damage
[09:21] {nemo} amzn
[09:23] {lasertrev} gm
[09:23] {Threei} trev :)
[09:24] {Threei} AA forms DBI
[09:24] {Threei} dpon't really want to rely on pre-market formations but will keep an eye
[09:25] {nemo} infy
[09:25] {nemo} pru got the hig
[09:25] {Threei} sos did MET?
[09:26] {nemo} afl
[09:26] {nemo} frickin
[09:26] {nemo} duck
[09:26] {nemo} goose
[09:26] {nemo} whatever
[09:26] {nemo} I know Strider...
[09:27] {Threei} meds nemo
[09:27] {nemo} cognac work?
[09:27] {Threei} diluted with vodka, maybe
[09:27] {nemo} what was I thinking...
[09:28] {Threei} ok, my mind is already on Bahamas... what's with you?
[09:28] {nemo} cabin fever
[09:29] {nemo} amzn popping
[09:29] {Threei} if we are lucky:
[09:29] {nemo} dude
[09:29] {dino} gm
[09:29] {fernp} mine in Mars, Vad
[09:29] {Threei} AA forms nice tight range just abiove 16
[09:29] {Threei} then breaks it for short entry
[09:30] {Threei} dino :)
[09:30] {Threei} I know fern...
[09:30] {Threei} I'll keep Venus jokes for now
[09:30] {ese} morning
[09:30] {Threei} ese :)
[09:31] {nemo} bids at .10
[09:31] {Les} b/d HIG in the making
[09:31] {dino} gps sm s .20
[09:33] {Threei} SEED
[09:34] {nemo} fdx
[09:34] {Threei} Long Setup: CYTX .90
[09:34] {Threei} if stays above .75
[09:36] {dino} jst
[09:36] {Threei} Long Setup: SEED .15 break
[09:37] {Threei} stop under 14
[09:37] {dino} fcn
[09:37] {dino} insurance
[09:37] {Threei} no go SEED
[09:38] {Les} you got a read on fcx vad?
[09:38] {Les} .90 b/d?
[09:38] {Threei} too wide stop
[09:39] {Threei} 86.15
[09:39] {Les} so its bearish. I might try small shares or await further consolidation
[09:40] {nemo} amzn crashing
[09:41] {Les} damn went for coffe
[09:41] {Les} FCX
[09:41] {Threei} how do you go for coffee while expecting a trigger?
[09:41] {Les} my boy just got home from school
[09:42] {Les} wanted some toast
[09:43] {Les} AA consolidation for a b/d?
[09:43] {Les} .90?
[09:43] {dino} amzn watch 125
[09:43] {Les} 16 stop?
[09:44] {strider} MDRX
[09:44] {Les} no go
[09:44] {dino} mflx blood
[09:44] {dino} jst sm .25 trig l
[09:45] {dino} mkt drop cx that
[09:45] {Threei} VNDA Hearing Jefferies making positive comments (timing uncertain) (10.99, +0.14, 1.29%)
[09:45] {Threei} Preview: Jan IBP/TIPP Economic Optimism Index due out at 10:00ET
[09:45] {Threei} **consensus expectation: 48.5e v 46.8 prior
[09:48] {dino} sm l fro .50
[09:50] {ese} L ctsh .81
[09:52] {ese} out ctsh .93 +.12
[09:52] {dino} gj
[09:53] {dino} gps bstop to b/e
[09:54] {Threei} Nevada reports Nov casino Rev $873M , +4.35% y/y; Las Vegas Strip rev +8.25% y/y (related MGM LVS PENN MPEL WYNN MNTG BYD BYI TRMPQ )
[09:54] {Threei} let's wsit out numbers at 10
[09:55] {strider} out MDRX +.55 overnight.
[09:55] {Threei} martket jumps up and down with no discernable pattern, can't find anything tradeable
[09:56] {fernp} PFE Vad?
[09:57] {ese} did another quick in out of time to post .96 to .10 +.14
[09:58] {ese} tks dino
[09:58] {dino} :)
[09:59] {dino} fast as can be can't cathc ese
[09:59] {dino} catch
[09:59] {ese} hmmmmmmm pondering that statement
[10:00] {dino} don't over think it
[10:00] {Threei} JAN IBD/TIPP ECONOMIC OPTIMISM: 48.8 V 48.5E
[10:00] {Threei} LVS... grrr
[10:01] {nemo} lvs going momo
[10:01] {Threei} US FDIC proposes possible plan to connect banker compensation to FDIC fees
[10:02] {ese} have our CAKE and eat it too vad .39 break?
[10:02] {billyc} gm all
[10:02] {Threei} doesn't look right to me ese
[10:02] {Les} hi billy
[10:02] {Threei} billyc :)
[10:03] {Les} vad HIG isn't holding up
[10:03] {ese} tks
[10:03] {nemo} afl is
[10:03] {fernp} LVS pullback, Vad?
[10:04] {Threei} LVS, I would start looking for pullback entry closer to .40- .30
[10:04] {fernp} uff. ok
[10:05] {nemo} big seller .62 lvs
[10:06] {nemo} lvs gonna make another run
[10:07] {Threei} .68 yesterday's high
[10:07] {nemo} .67 today
[10:07] {nemo} there it goes
[10:07] {Threei} if you want to try 2 days break, this is is trigger
[10:08] {nemo} I look like magoo
[10:08] {nemo} ?
[10:08] {dino} cov gps .95, +.25
[10:10] {dino} jst sm l .02 wide, risky
[10:10] {nemo} small spread for you
[10:11] {fernp} UNM any read, Vad?
[10:11] {Les} RIMM consolidating for possible b/o
[10:12] {Threei} UNM, no
[10:12] {Threei} anyone went for LVS?
[10:12] {Les} y
[10:12] {Les} .69
[10:12] {Threei} over 1:1 here
[10:12] {Les} i want more
[10:13] {nemo} settle for Les
[10:13] {Les} now i sound like magoo
[10:13] {Les} infectious character
[10:13] {Threei} poor dino
[10:13] {Threei} as if one magoo was not enough foer him
[10:13] {dino} it's good to be the king
[10:13] {nemo} yeah, but he doesn't have to worry about sitting next to Les
[10:13] {ese} ya know vad........if i'd just get the hang of selling 1/2 and letting half ride with break even stop.......i'd make my day more often.....still in the habit of selling it i look back at ctsh i smack myself on the side of the head and go "What were you thinkin!!!"
[10:14] {dino} same problem here
[10:14] {Threei} well
06[10:14] * nemo slaps ese around a bit with a large iguana
[10:14] {Threei} it works fine in trending environment
[10:14] {Threei} in a range or chop, your partials will be stoped
[10:14] {ese} single stock or whole market?
[10:14] {Threei} while stops will still be taken on a whole lot
[10:15] {dino} and lets face it, scalping is easier
[10:15] {ese} true
[10:15] {Threei} so it's a kind of matter of adjustment to particular market environemnt
[10:15] {Threei} it's all fine, just don't make either approach "once and forever" thing
[10:16] {ese} ya true
[10:16] {Threei} Short Setup: HIG .80 break
[10:16] {ese} hey nemo....theres a rumor out
[10:17] {nemo} I'll bite
[10:17] {ese} you may becoming to our neck of the woods
[10:17] {Threei} HIG invalidated
[10:17] {nemo} general intention...we'll see how the future plays out
[10:17] {nemo} wouldn't be until summer
[10:17] {dino} moving?
[10:17] {nemo} visit
[10:18] {dino} ahhh, cool
[10:18] {ese} great.....pinor noir or cab?
[10:18] {nemo} Canada would be out of their collective minds to let me immigrate
[10:18] {Les} well yes we can provide character references
[10:18] {dino} lol, we like the crazy ones
[10:18] {Threei} German President of the Health Committee of the Council of Europe, Wolfgang Wodarg, is issuing accusations against the pharmaceutical lobbies and the governments. He has intitiated the start of an investigation by that body concerning the role played by the pharmaceutical in the campaign of panic about the virus.
[10:19] {nemo} I wouldn't be able to bring my class 3s up there
[10:19] {Les} those are guns or drugs?
[10:19] {nemo} former
[10:19] {nemo} drugs have a letter designation in this country
[10:19] {dino} just say no
[10:19] {Les} LVS was stopped out flat
[10:20] {nemo} you guys get any of the Australian Margaret River wines out there ese?
[10:20] {nemo} HIG
[10:20] {Threei} let's see if HIG reestablishes
[10:21] {nemo} looking long now
[10:21] {dino} giddy up fnc
[10:21] {dino} fcn i mean
[10:21] {nemo} Canada's got those 222's...only thing ever worked on my headaches
[10:22] {ese} i'll have to check.....but patience and I have a wine specialty store near by
[10:22] {dino} i told you nemo, stop banging your head against the wall
[10:22] {ese} i see here in there frequently pass out
[10:22] {patience} which i haven't visited since my diet started
[10:22] {nemo} not large production...but if you can find "Ribbon Vale Estates" OMFG!!! Had it when I was in Sydney
[10:23] {nemo} amzn riding support
[10:23] {ese} done! will check this week
[10:23] {fernp} 28.00 break invalidates HIG?
[10:24] {Threei} yes
[10:24] {Threei} bit for the setup I'd like closer resistance
[10:24] {nemo} what's vix at Vad?
[10:25] {Threei} somewhere around 17.5
[10:25] {nemo} ty
[10:25] {ese} speaking of diets ntri
[10:26] {nemo} med too
[10:27] {nemo} look at that med break around 9:50...textbook if you don't mind the stop
[10:28] {nemo} volume beautiful
[10:28] {Threei} STEC?
[10:29] {Threei} oh rumor
[10:29] {Threei} STEC Hearing vague takeover chatter circulating
[10:29] {Threei} - IBM rumored as a potential acquirer.
[10:29] {Threei} - note: STEC formed a collaboration with IBM in Oct 200... (18.66, +0.05, 0.27%) more...
[10:29] {Threei} SPPI UPDATE: Morgan Joseph Raised SPPI to Buy from Hold, price target: $8
[10:29] {Threei} - pre-open
[10:29] {nemo} IBM has solid state technology
[10:30] {nemo} amzn volume spike in this consolidation
[10:36] {ilana} AA should go further down after a/h results?
[10:36] {nemo} marke trending upward though
[10:39] {strider} SNTA
[10:47] {dino} snda
[10:48] {strider} PFE trying again, fern
[10:49] {fernp} let's see if breaks .95
[10:49] {fernp} i took my 1:1 on UNM +.05
[10:49] {fernp} when broke 21.05 hod
[10:51] {Threei} Long Setup: SPY .20 break
[10:52] {Threei} if stays above .10
[10:52] {nemo} sso o.k.?
[10:53] {Threei} ssay what?
[10:54] {nemo} sso the double etf for spy
[10:54] {Threei} ahhhh
[10:54] {Threei} sure
[10:54] {nemo} ty
[10:54] {Threei} better even
[10:54] {nemo} not as dumb as I look
[10:54] {nemo} I know Strider...
[10:55] {Threei} what I don't get though:
[10:55] {Threei} if it's a double, how come it's narrower?
[10:55] {Les} UPRO? 3x the fun?
[10:55] {nemo} oh...maybe because they changed margin requirements last month
[10:55] {nemo} maybe it's not anymore
[10:56] {Threei} well, it's still a valid setup but keep in mind I just go off your info
[10:56] {dino} arb?
[10:56] {nemo} actually, it's about 1/3 the price with the same range as the spy, so the volatility is about 3:1
[10:56] {nemo} spy has a .50 range today
[10:56] {dino} gco, hmmm
[10:57] {nemo} sso has .65
[10:57] {fernp} stop is under .40 in SSO, no?
[10:57] {nemo} for you fern. .05
[10:57] {Threei} .35 SSO range
[10:58] {Threei} your math marks please nemo?
[10:58] {nemo} oh, right
[10:58] {nemo} that's arithmetic
[10:58] {dino} meli
[10:58] {nemo} saw that dino
[10:59] {dino} we screwed up
[10:59] {fernp} PFE broke .95
[10:59] {nemo} big time fubar, the pooch
[10:59] {dino} jst berlin wall at .21
[10:59] {Threei} SEED... this thing irritates me to no end today
[11:00] {Threei} I know it must have its run today and can't get an entry
[11:00] {dino} arb fires ceo for actions not related to company
[11:00] {nemo} secretary
[11:01] {dino} thinking same
[11:01] {nemo} Governor Lepetomain
[11:02] {Les} RIMM .80 b/d?
[11:02] {Les} .90 stop?
[11:02] {Threei} I doubt it les
[11:02] {Threei} all these breakdowns start look like traps to me
[11:03] {nemo} Qs and SPY running in a channel
[11:03] {Les} then I'll happily fade if it breaks out
[11:03] {Les} or just go long on .90 b/o
[11:05] {Threei} NC posrt area cleared
[11:06] {Threei} hazmat situatiopn
[11:06] {nemo} what
[11:06] {Threei} FRPT Ticking higher on reports the JROC has approved 4K vehicle increase in MRAP requirements
[11:06] {Threei} - Reports circulated that the increase was approved in an early January meeting (5.51, +0.06, 1.10%) (related NAV OSK )
[11:06] {Threei} no details yet nemo
[11:06] {Threei} something in NC port
[11:06] {dino} sm l arb .50 hooker
[11:07] {nemo} what do you mean by "hooker" dino?
[11:07] {dino} wide spread
[11:07] {nemo} ty
[11:07] {nemo} I see .03
[11:07] {dino} was .08
[11:08] {Threei} SEED prepares for the next momo run
[11:08] {nemo} break of .40?
[11:10] {Threei} I don't like breaks on momos generally
[11:10] {Threei} pullbacks yes
[11:10] {nemo} so the .20-.25 pullback was it
[11:10] {Les} seed for +.07 ty
[11:11] {nemo} look at resistance lvs
[11:12] {nemo} breaks out from here, looks like 20 next stop
[11:14] {fernp} stopped SSO
[11:15] {Threei} dino... is magoo there?
[11:15] {dino} out jst .82, +.80
[11:16] {dino} not yet
[11:16] {Threei} grrr
[11:16] {nemo} seed
[11:16] {Threei} SEED is his stock once again today
[11:16] {Threei} he cvomes in, instead of hello tell him Vad said SEED
[11:17] {dino} ok
[11:18] {dino} asei
[11:18] {dino} arb stopped -.32
[11:22] {dino} kss lod
[11:22] {Threei} 15 on the nose
[11:25] {dino} stst again
[11:25] {Threei} from the port
[11:25] {nemo} huh?
[11:25] {Threei} conteiners held explosive PETN
[11:25] {dino} up for sale
[11:27] {Threei} let's put defense stocks on the screen
[11:27] {Threei} ICXT
[11:27] {nemo} 200 ma at .15
[11:27] {Threei} and big offer at .14
[11:28] {Threei} if story starts catching up, possible mover
[11:28] {nemo} coincidence...I think not
[11:28] {Threei} don't you frikin hate it?
[11:28] {nemo} Favorite Paul Newman quote: "24 hours in a day, 24 beers in a case...coincidence, I think not."
[11:28] {Threei} when we have to put this kind of news in such context
[11:28] {nemo} sndk
[11:28] {fernp} lol
[11:29] {nemo} veinte cuatro cerveza
[11:29] {Threei} 9 containers
[11:30] {Les} not full of the stuff I hope
[11:30] {nemo} explosives
[11:30] {Les} hidden sporadically throughout 9 containers one would think
[11:30] {Threei} not clear yet Les... containers were punctured, PETN found
[11:31] {Les} 9 containers full of that stuff.... goodbye NY
[11:31] {Threei} how much is not known yet
[11:31] {nemo} "terrorism" doesn't require much
[11:31] {Threei} residents are told to stay away from windows
[11:32] {Les} what is it with NY and terrorism?
[11:32] {strider} PFE is persistent. Having to make new daily high as well makes it tougher.
[11:32] {Les} someone shorting housing prices in the city?
[11:32] {Threei} Moorehead NC
[11:32] {Threei} not NY itself
[11:33] {Les} CNN site doesn't have your article
[11:33] {Les} but they do ask porn stars what they think of airport body scanners...
[11:33] {Les} go figure
[11:33] {Threei} weell, good to know they have their priorities straight
[11:33] {strider} What is this about Moorehead, vad?
[11:34] {ese} L exxi .80
[11:34] {dino} moosehead beer?
[11:34] {Threei} port where it's all happening strider
[11:34] {strider} what's happening?
[11:34] {dino} mkt does not care so far
[11:35] {Threei} hmmm...
[11:35] {nemo} market is having a Vad afternoon
[11:35] {Threei} put down the bottle... scvroll up...
[11:35] {ese} wrong
[11:35] {Threei} or:
[11:35] {ese} opps.....missed the
[11:35] {Threei} scroll up keeping bottle close
[11:35] {Threei} you may need it
[11:35] {Threei} and Maalox
[11:36] {nemo} sndk dino
[11:37] {Threei} btw, if anyone is still on the fence about driopping it all and booking last second tickets, here is video ferom the resort where conference is:
[11:37] {Threei}
[11:37] {nemo} If I hit megamillions tonight
[11:38] {Threei} SEED close to bottom
[11:38] {Threei} STEM Ticks higher on circulation of study that shows promising repair of bone injuries in rat model using stem cells (1.47, +0.06, 4.26%) (related GERN AVII )
[11:39] {Les} s RIMM .69
[11:39] {dino} tx nemo
[11:39] {nemo} what I do
[11:39] {Threei} jeez... containers were punctured ACCIDENTALLY, per latest TV report
[11:39] {Les} the system works
[11:39] {nemo} yeah, they were aiming for the boat at the pier
[11:39] {Threei} sure does
[11:40] {dino} sndk
[11:40] {nemo} oh, yeah, think it might break out...have to have that stop shakeout first
[11:41] {ese} stopped exxi .70 -.10
[11:42] {Threei} anyone went for SEED, start exiting
[11:43] {fernp} FAZ, Vad?
[11:44] {Threei} shorting didn't work much so far fern, but with this story slowly being spread, who knows...
[11:44] {Threei}
[11:46] {Threei}
[11:46] {ilana} which sectors it might affect?
[11:46] {Les} out RIMM +.10
[11:46] {Threei} morwe and more sitres pick up the story
[11:46] {Threei} general market down, airlines and travel stocks down
[11:47] {dino} fcn to .60
[11:47] {Threei} security stocks up
[11:47] {Les} not CNN. very slow. I thought these guys showed it first
[11:47] {Threei} CNN showed it on TV
[11:47] {Threei} not on the web
[11:48] {Threei} Short Setup: CAL .80 break if stays below .90
[11:49] {Threei} Short Setup: RCL .65 break
[11:49] {Threei} Long Setup: ICXT 8.15
[11:49] {dino} travel
[11:50] {Threei} all these alerts are for the case when a story starts hitting the market
[11:50] {Threei} PCLN looks shorty too but that's not for faint heart
[11:52] {Threei} NWSA Fox news chief Roger Ailes has been fired - Silicon Valley insider citing Michael Wolff (13.71, -0.37, -2.63%) (related CBS DIS VIA )
[11:53] {Threei} FDIC's Bair: Emphasizes new fees are not a bonus tax, but rather a premium burden on high risk pay structures - CNBC
[11:53] {Threei} - Says the premiums are not targeted toward raising revenue for the FDIC fund
[11:53] {Threei} imbecils
[11:54] {Threei} GS Near session lows as reports circulate that one of GS's unit could have shared ideas with the prop tradring before sharing with others (168.35, -3.21, -1.87%)
[11:54] {dino} out fcn .68, +.58
[11:55] {Threei} it just can't be
[11:55] {Threei} GS would never do that
[11:55] {Threei} no bank/broker ever would
[11:55] {Threei} right? right?
[11:55] {nemo} Next thing you know, they'll be saying there's no Santa
[11:56] {Threei} those scondrels
[11:56] {nemo} so LVS takes the hit on the news...go figure
[11:56] {fernp} RCL still valid, Vad?
[11:56] {dino} kss sm l .50
[11:57] {Threei} a bit too sharp in the trigger fvern... not my kjind
[11:57] {Threei} as if my last year near-miss heart attack was not enough, when they tried to tell me something about Easter Bunny not being real
[11:57] {Threei} LVS is one of vulnerable on this kind of news nemo
[11:57] {ilana} lol
[11:57] {nemo} yes
[11:58] {nemo} perfect targets for Islamic jihadists
[11:58] {nemo} guess that's redundant
[11:58] {Threei} yes, and generall travel/tourism related
[11:58] {nemo} check smith&wesson and Ruger
[11:59] {Threei} more details:
[11:59] {Threei} GS Near session lows as reports circulate from NYT's Dealbook that a senior exec at Goldman's Fundamental Strategies Group sent an email to clients acknowledging that the unit may have shared ideas with its prop trading desks before sharing information with clients and others
[12:00] {Les} sounds like a law suit to me
[12:00] {nemo} rcl consolidating a bit, at major support
[12:00] {nemo} next stop .50 as pivot support
[12:01] {Threei} CAL 1:1
[12:01] {fernp} ty
[12:01] {nemo} lvs at 200 ma
[12:01] {Threei} 1:2
[12:01] {Threei} things pick up
[12:02] {Threei} welcome... glad to share proftable moves with co-habitant of Red Planet
[12:02] {Threei} I haver to say, live and learn, always something new
[12:02] {Threei} I have never ever seen reaction on terrorism news being this delayed
[12:03] {Threei} Market Internals update at 12:00pmET
[12:03] {Threei} - NYSE volume 400M shares, about 10% below its three-month average; decliners lead advancers by 3.4:1.
[12:03] {Threei} - NASDAQ volume 970M shares, about 8% above its three-month average; decliners lead advancers by 2.1:1.
[12:03] {Threei} - VIX index +5% to just under 18.50
[12:03] {Les} out RCL +.10 ty
[12:04] {Threei} welcome les
[12:04] {Threei} ok, how about security stocks??
[12:05] {Threei} I'd expect ICXT rto be near 9 already
[12:05] {nemo} short lvs .54
[12:05] {Threei} and it didn't moved its tail 1 inch
[12:05] {dino} forgot one, sm l snda .80 just filled
[12:05] {Threei} didn't moved... nice grammar Threei
[12:07] {Les} I'll be calling Cambridge soon to request new additions to English language
[12:07] {Threei} please claim thwe word KRAKOZJABL on my behalf
[12:08] {Threei} by the time they come around to applications I'll come up with some meaning
[12:09] {Les} we gotta be able to say it without tearing out our tongues Vad. Maybe ok for you russians
[12:09] {Threei} let's see... Ilana, can you say that?
[12:11] {ilana} piece of cake
[12:11] {strider} that's how you say it?
[12:11] {Threei} yeah, I don't know what's with those europians... practice harder Les
[12:11] {ilana} huh?
[12:12] {Les} Vad, continue with RCL short if .50 is broken?
[12:12] {Les} RCL sitting on pivot point
[12:12] {Threei} Kra-Ko-Ziaabel
[12:12] {nemo} seed at it again
[12:13] {ilana} just do cut & paste, strider
[12:13] {Threei} Les, let's make sure market overall reacts
[12:13] {Threei} if continues dropping yes,
[12:13] {dino} caas
[12:13] {Threei} but overall, I have to say the reaction is so subdued, I don't know what to make of it
[12:14] {Threei} think of it: ports were named as the most vulnerable spot,
[12:14] {dino} kss stopped
[12:14] {Threei} discvussion about cargo not being searched is long on,
[12:15] {Threei} now this threat all but materializes,
[12:15] {Threei} it's obvious that explosive is found by pure accident,
[12:15] {Threei} and market doesn'/t even blink?
[12:16] {dino} snda to .24
[12:16] {ilana} didn't reach emergency line yet probably
[12:17] {Les} there you go. black swans don't move markets so easily
[12:17] {nemo} gotta' get rid of some of the surplus workforce anyway
[12:17] {dino} out snda .30, +.50
[12:18] {Threei} and I find white swans meat is nowhere that tasty
[12:18] {dino} arb spike
[12:18] {nemo} like the dirty ones, huh Vad?
[12:18] {Les} lol
[12:19] {Les} UAUA .65 b/d?
[12:19] {Les} .67
[12:20] {Threei} I think so
[12:20] {Threei} that was for Les, not for nemo
[12:20] {Threei} well... for nemo too, lol
[12:22] {dino} caas gap fill
[12:23] {Les} s UAUA .67
[12:24] {Les} market reacting now to news?
[12:25] {dino} arb last try sm .50 l
[12:25] {Threei} I don't know what is behind this selling
[12:25] {Threei} not sure it's this news
[12:25] {Threei} not exactly the right reaction sectors wise
[12:26] {Threei} semis sell harder than travels
[12:26] {Threei} and security ones do not move at all
[12:26] {nemo} everything is selling
[12:26] {Threei} not really
[12:26] {nemo} resources are
[12:27] {Threei} martket made new low, RIMM didn't
[12:27] {nemo} insurance
[12:27] {fernp} LIFE on highs
[12:27] {nemo} not yet amzn pretty low though
[12:27] {Threei} airlines didn't
[12:27] {Threei} some disconnect everywhere
[12:27] {Threei} can't put fingers on the pulse
[12:28] {Threei} DNDN CEO: expect FDA to adhere to its current PDUFA action data of May 1 on Provenge (30.28, -0.08, -0.26%)
[12:29] {Threei} ATVI Hearing Piper comments that if report that NTES has been ordered by regulators to stop charging for WoW is true, it could hurt ATVI earnings per share by $0.01 per quarter (timing uncertain) (10.82, -0.07, -0.64%) (related NTES )
[12:30] {dino} watching gco, asei, sndk, caas, meli, jst, fcn
[12:31] {Threei} I just figured out exact percentrage of masohists in USA
[12:31] {Threei} 31% Like Government Response to Airline Incident, 38% Dont
[12:33] {dino} ndx gap fill 12/31
[12:34] {Threei} Short Setup: DNDN 30 break half lot
[12:34] {Threei} if stays under .15
[12:34] {dino} and 12/24
[12:35] {dino} ndx -2% from fri close
[12:37] {Threei} Short Setup: NVDA 35 break
[12:37] {Threei} if stays under .40
[12:37] {Threei} come on DNDN
[12:37] {Threei} trigger and diwe
[12:37] {Threei} or dive
[12:37] {Threei} or die
[12:38] {nemo} volume for long
[12:38] {dino} meli, jst holding well
[12:39] {Threei} how do you figure nemo?
[12:39] {Threei} spike on red bar, decrease on green obes
[12:39] {nemo} red bar volume was dropping
[12:40] {Threei} 12:37
[12:40] {nemo} next green bar was for one cent
[12:40] {Threei} whatcha talking about?
[12:40] {nemo} nvda
[12:40] {Threei} 12:40] {Threei} 12:37
[12:40] {nemo} my chart looks different
[12:40] {Threei} ok... you need better chart
[12:41] {nemo} laser
[12:41] {nemo} just sent it to you
[12:41] {Les} out UAUA flat.{questionable joke edited out}
[12:42] {dino} mos blood
[12:43] {nemo} anyway my red bar was at 12:35 on decreasing volume. next green bar was .01 on decreasing volume. next green bar was .01 increasing volume. next bar green was .03 on increasing volume
[12:43] {dino} les, you're on the list now
[12:43] {Threei} 30 will be broken
[12:44] {Les} Vad, some cleaning tonight please
[12:44] {Threei} small admninistrative fee of $849.95 per line deleted
[12:45] {Les} {second questionable joke edited out}
[12:47] {Threei} that would be 1699.90 now
[12:47] {Les} lol
[12:47] {nemo} Strider, talk to Les
[12:47] {Threei} oh come on already DNDN, you know this cliff is waiting for you
[12:48] {Threei} you look into abyss, abyss is looking into you
[12:49] {nemo} sndk
[12:50] {dino} thats when you find your character
[12:51] {Threei} so, when was the last time yoyu observed conversation of two deaf men?
[12:51] {Threei} hint: within last 10 min
[12:51] {Threei} I talk about DNDN
[12:51] {Threei} nemo talks about NVDA
[12:51] {Threei} and we wander why out charts are different
[12:51] {nemo} just took sndk short
[12:52] {nemo} .75
[12:52] {nemo} .74
[12:52] {nemo} 1/2 out
[12:52] {Threei} nice
[12:52] {strider} short DNDN
[12:52] {dino} gj
[12:53] {nemo} pivot support .63
[12:53] {Les} buy volume has just returned to DNDN
[12:53] {nemo} next support just under .40, below that a long way to tipperary
[12:53] {Threei} not really Les
[12:54] {Threei} volume of this bar is what broke 30 support
[12:54] {Les} ah gotcha
[12:54] {dino} rino gap fill
[12:54] {Threei} bounce itself happend on fraction of voulme
[12:54] {Les} ok
[12:55] {nemo} Vad, look at lvs support on 15 minute chart
[12:56] {Threei} very temptting short on break
[12:56] {nemo} absotutely
[12:56] {nemo} market strengthening though
[12:57] {nemo} next market drop...if...should take it and dndn
[12:57] {Threei} and NVDA
[12:58] {dino} sm l rino .51
[12:58] {Threei} I think setup is reestablished
[12:58] {Threei} .34 is stays below .40
[12:58] {fernp} .35 break or .30?
[12:58] {fernp} ok
[12:58] {Threei} .30 was touched on long tail, I don't see it as support to use as a trigger
[12:59] {Threei} prefer this semi0aggresive entry
[13:02] {dino} nue
[13:03] {Threei} RU) Russian natural gas pipeline has been hit by a bombing in the southern province of Dagestan
[13:04] {dino} sxci lod-7 in 5 days
[13:04] {dino} not nue, but neu
[13:06] {strider} If DNDN doesn't go, it sure will have missed a good opportunity.
[13:07] {Threei} it looks like a doornail
[13:07] {Threei} dead like yesterday's cake
[13:08] {fernp} .15 is still the stop, no?
[13:08] {Threei} well
[13:08] {Threei} .10 can be considered new resistance
[13:08] {Threei} kind of discretionary call
[13:08] {fernp} ok
[13:09] {Threei} I'd say DNDN watched one too many vampire movies
[13:09] {Threei} AIG US House Committee on Oversight Chairman Towns issues subpoena to NY Federal Reserve related to AIG counterparty payments (28.59, -1.04, -3.51%) (related GS )
[13:11] {Threei} there is nothing but air for the next 50 cents on DNDN chart
[13:11] {strider} Well somebody's defending that's getting rare, you know.
[13:12] {strider} NVDA still good?
[13:13] {Threei} .40 was never violeated
[13:13] {Threei} so, yeah
[13:13] {Threei} stop is tight enough
[13:13] {strider} there was a .34 tick and I jumped in...maybe too soon.
[13:15] {fernp} me too strider
[13:15] {strider} we're fast, fern.
[13:16] {fernp} lol
[13:17] {Les} me too
[13:18] {Les} helping boy do his homework. passes the time
[13:21] {Les} out NVDA +.05
[13:23] {Threei} why not
[13:23] {Threei} know thy fate o vampires
[13:23] {fernp} ty vad
[13:23] {Threei} pesky scalpers
[13:24] {fernp} me???
[13:24] {Threei} no???
[13:24] {Threei} lol
[13:24] {fernp} lol
[13:25] {Threei} fern taking offense when called a scalper is like martian taking offense when told he has 7 legs 3 tails and 5 eys
[13:25] {Threei} die DNDN
[13:26] {fernp} definitely true
[13:26] {nemo} gotta go, see you guys tomorrow
[13:26] {fernp} even i've covered .90 DNDN
[13:26] {Threei} wait nemo, we were just preparing to describe martian wiomen
[13:27] {Les} ciao nemo
[13:28] {dino} cya nemo
[13:28] {fernp} bye nemo
[13:29] {ese} am not concentrating on much going on at school. See you tomorrow
[13:29] {Threei} take care ese
[13:29] {Les} pesky day job hey ese. ciao
[13:29] {fernp} bye ese
[13:29] {Threei} les... he has the best job ever
[13:29] {fernp} again green here
[13:29] {Threei} I can't believew they pay him to do that
[13:29] {Threei} he should be oaying for tyhe right to do it
[13:30] {Les} who pays me what?
[13:30] {strider} stopped NVDA
[13:30] {Threei} ese, not you
[13:30] {fernp} stopped?
[13:30] {Les} ah. music man
[13:31] {fernp} hit .29 st
[13:31] {Les} out DNDN +.06 gotta find a daughter
[13:31] {strider} I'm not playing for 5 friggin cents.
[13:32] {strider} Commissions are 1.5 cents.
[13:32] {fernp} ok
[13:32] {strider} NOt yelling at you fern:)
[13:32] {Threei} WHY NOT???
[13:32] {strider} just tired of this SOSO.
[13:32] {fernp} no problem. 5 dollars per 1000 here
[13:33] {strider} So you need ten cents to break even?
[13:33] {strider} out half DNDN
[13:33] {strider} thank god for small faovrs.
[13:34] {Threei} another one with great math skills...
[13:34] {fernp} umm? 5 cents x 2000 = 100 dollars
[13:35] {Threei} too much communication with nemo I guess {G}
[13:35] {fernp} and 20 dollars on commisions
[13:37] {strider} Don't know what you're explaining, fern.
[13:37] {Threei} lol
[13:38] {fernp} NVDA +76.11 dollars up after commissions
[13:38] {fernp} good scalp for me
[13:38] {fernp} commisions + ecn (I guess)
[13:38] {strider} good:)
[13:41] {dino} gtj
[13:41] {dino} gj
[13:44] {Threei} DNDN 1:1
[13:44] {fernp} ty
[13:45] {fernp} but i covered .90 lol
[13:45] {fernp} have to go. Good evening everybody. see u all tomorrow
[13:46] {Threei} more consistent day today
[13:46] {Les} ciao fern
[13:46] {Threei} take care fern
[13:46] {Les} nice one DNDN
[13:46] {Les} just one more like that to finish today Vad. would be great
[13:46] {Threei} 1:2
[13:46] {Threei} I am out
[13:46] {Threei} SEED
[13:47] {Threei} potential trend reversal here
[13:47] {Threei} .20 break
[13:48] {strider} stop 14.0?
[13:48] {Threei} I'd prefer to structure it dufferently
[13:48] {Threei} either try to buy it on pullback closer to 14 if loses .10
[13:48] {Threei} of if it doesn't, buy .20 break with stop under .10
[13:53] {Les} RIMM .10 b/d
[13:56] {Threei} [13:11] {Threei} there is nothing but air for the next 50 cents on DNDN chart
[13:56] {Threei} lookie where it is
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 610M shares, about 4% below its three-month average; decliners lead advancers by 5.1:1.
[14:00] {Threei} - NASDAQ volume 1.53B shares, about 18% above its three-month average; decliners lead advancers by 2.6:1.
[14:00] {Threei} - VIX index +10% to just under 19.50
[14:00] {Threei} look how trading becomes easier as sioion as VIX went up
[14:01] {Threei} not even reached any reasonable highs, just started upticking
[14:01] {Threei} remember our yesterday diascussion on that strider?
[14:01] {strider} yes.
[14:02] {strider} {--------------shaking a large bottle of Vick's Vapo-rub.
[14:02] {Threei} OK
[14:03] {Threei} let's see if SEED forms something
[14:03] {Threei} don't be in a rush
[14:03] {Threei} give it time to form a range
[14:06] {strider} gosh, 2romantis was kicked off.
[14:06] {strider} what's this world coming to?
[14:07] {Threei} that's OK, that's how process of resgistration of new username goes
[14:07] {Threei} connectuon, kick, password registration, reconnection
[14:07] {Threei} don't ask why
[14:07] {strider} ah.
[14:07] {strider} Why?
[14:07] {patience} and old bags who try to log on with insufficient coffee
[14:07] {Threei} world is strange enough without that
[14:07] {strider} Old bag? Oh, patience, no!
[14:08] {Les} oh patience my world has come to an end!
[14:08] {patience} pre coffee is a rought sight strider
[14:09] {strider} OK...I'm gonna need some translation on this one.
[14:09] {strider} SEED?
[14:10] {strider} Looks like a big honkin' short on 5min.
[14:11] {strider} patience: 'rought sight" ??
[14:11] {Threei} just couldn't catch enything recognizable in time on it strider
[14:11] {patience} rough
[14:12] {Threei} in retrospect, there was slight resemblence of the setup, but hindsight is, you know...
[14:12] {Threei} DNDN bottomless
[14:12] {Threei} why did we ever cover it
[14:12] {strider} I don't want to know.
[14:12] {Threei} gotta start correcting scalping habits of last weeks
[14:13] {Les} we covered cause it was holding out on us
[14:13] {Threei} things slowly become more consistnet and trending
[14:13] {Les} I'm green today. that's a first for long time
[14:13] {Threei} it's a bit farther than I'd expect it to dop, but 50 cents were clearly visible
[14:13] {strider} It's not easy being green.
[14:14] {Threei} dunno... fern is green almost all the time... of course it's easier for martians
[14:14] {Les} I'll become martian if it makes me more dough
[14:14] {strider} I thought he was deciduous.
[14:14] {Threei} he is deciduous martian
[14:15] {strider} I'll tell him you said that.
[14:15] {Threei} he knows... I just moved to the tent next to his, on Mars
[14:15] {strider} So.....martians are from Spain, coneheads are from France.
[14:16] {Threei} now I can wake him up to the market openoing by yelling just outside his tent "hey, pesky scalpers, wake up and go make money"
[14:19] {Les} is amzn tight enough for a .50 b/d?
[14:19] {strider} Vad, what do you think of EVK for overnight?
[14:19] {strider} Can't find any news.
[14:20] {Threei} stop above .65 Les... I'd feel stronger about it if it moved into that resuiatance oncve more and then fropped
[14:20] {Threei} or spent a few min more here before breaking down
[14:20] {Les} ok
[14:20] {Les} I've been playing with AMZN, trying to learn it a little
[14:21] {strider} fwiw, I think a .15 stop for AMZN is way too tight.
[14:21] {Threei} don't know what to say on EVK, no slightest idea
[14:21] {Threei} for you, americans:
[14:21] {Threei} (US) Fed is implementing rules in regards to Credit Card Act; consumers must comply with most aspects of the rule by February 22
[14:21] {Threei} - In December 2008, the Federal Reserve adopted final regulations prohibiting unfair credit card practices and improving the disclosures consumers receive in connection with credit card accounts. This rule amends aspects of those regulations to implement provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit Card Act), which was enacted in May 2009.
[14:22] {Threei} - Among other things, the rule will:
[14:22] {Threei} - Protect consumers from unexpected increases in credit card interest rates by generally prohibiting increases in a rate during the first year after an account is opened and increases in a rate that applies to an existing credit card balance.
[14:22] {Threei} - Prohibit creditors from issuing a credit card to a consumer who is younger than the age of 21 unless the consumer has the ability to make the required payments or obtains the signature of a parent or other cosigner with the ability to do so.
[14:22] {Threei} - Require creditors to obtain a consumer's consent before charging fees for transactions that exceed the credit limit.
[14:22] {Threei} - Limit the high fees associated with subprime credit cards.
[14:22] {Threei} - Ban creditors from using the "two-cycle" billing method to impose interest charges.
[14:22] {Threei} - Prohibit creditors from allocating payments in ways that maximize interest charges.
[14:22] {Threei} and now for the better news:
[14:22] {Threei} CEDC Announces New Distribution Agreement for Zubrowka Vodka in United States with Remy Cointreau USA, Inc
[14:22] {Les} s AMZN .49
[14:25] {Les} out +.19
[14:25] {Threei} 1:1
[14:25] {Threei} now Les
[14:25] {dino} ahh my old friend cedc
[14:25] {Threei} how does it feel, to act automatically based on "see setup - take setup, accept outcome, execute with no thinking and wait for the next"
[14:26] {Les} gazing at my navel during long hours is sometimes frustrating...
[14:26] {Les} but it's getting easier
[14:26] {Threei} really? hmm... ZI find it rewarding
[14:26] {Threei} less headache caused by thinking
[14:26] {strider} It helps if you get a bag of celery and put salt in your navel.
[14:27] {Les} ?
[14:27] {dino} lol
[14:27] {Threei} he said gazing, not grazing, strider
[14:27] {dino} peanut butter on celery
[14:27] {Les} strider, would agree with you on stop size of AMZN, but the way it approached trigger was much more predictable this time
[14:27] {strider} Les, are you native Swiss?
[14:28] {Les} no
[14:28] {strider} Are you a native?
[14:28] {Les} like black native?
[14:28] {strider} I didn't say that.
[14:28] {strider} YOu did.
[14:28] {dino} lol
[14:29] {Threei} invasive spwecies?
[14:29] {strider} Let me guess. You're an Aussie.
[14:29] {Les} I'm Australian mate
[14:29] {Threei} like fern on Mars?
[14:29] {strider} Got it.
[14:29] {Les} but here is home
[14:29] {dino} fro hod
[14:30] {strider} Wicked daily: fro
[14:34] {dino} been in it all day
[14:35] {dino} snda app lod again
[14:36] {Threei} CIT Moving higher after reports ex Merrill/NDAQ CEO John Thain may become CEO (34.57, +0.78, 2.31%)
[14:37] {dino} cit is like a cat w/all those lives
[14:37] {Les} so is John Thain
[14:37] {dino} good point
[14:37] {Threei} reverse split, right?
[14:37] {dino} must be
[14:37] {Threei} I missed announcement
[14:38] {Les} when?
[14:38] {Threei} well... worked for AIG
[14:38] {Les} something to play with?
[14:38] {Threei} CIT les
[14:38] {Les} yeh I guessed that. I was saying we've got a reverse split to play with
[14:39] {Les} I've heard they're good trading toys
[14:39] {Threei} not really
[14:39] {Threei} most of them are jiss of death
[14:39] {Threei} kiss
[14:39] {Threei} AIG was rather exception
[14:39] {Les} ok
[14:39] {dino} jst app that berlin .20 wall again
[14:40] {Les} it was trading log where i read of Magoo's indecent profits last summer with AIG
[14:40] {Les} thought the good times could roll on
[14:40] {Threei} he hit a motherload with it
[14:40] {dino} good shorts usually, but cit and aig screwed that up
[14:41] {dino} 15k in one day
[14:41] {Les} music to my ears
[14:42] {Les} I have created off balance sheet trading arrangement
[14:42] {Les} in order to practise playing these momos
[14:43] {dino} yeah, you and the big banks
[14:43] {Les} when I go to real money account, will maintain paper account for continued learning of momo
[14:44] {Threei} Long Setup: CIT .50 break half lot
[14:44] {Threei} if stays above .30 - .35 area
[14:47] {Threei} invalidated
[14:52] {Threei} grrr
[14:52] {Threei} forgot about SEED .20 break
[14:53] {dino} rino to .19
[14:53] {dino} out +.695
[14:54] {Threei} nice
[14:54] {dino} ty
[15:00] {Threei} sheesh
[15:00] {Threei} NEXM
[15:00] {Threei} didn't think this piece of crap could mobve at all
[15:01] {Threei} I am telling you... bull market is over
[15:01] {Threei} if such POS moves
[15:01] {Threei} NexMed Inc. Announces the Ability of the NexACT Technology to Deliver Drugs Orally and with Enhanced Bioavailability (update)
[15:01] {Threei} - - pre-clinical results from its research and development group at Bio-Quant successfully demonstrated the ability of the NexACT technology to deliver an oral formulation of Taxol (paclitaxel) and to enhance the drugs bioavailability by approximately ten-fold through this oral administration. Taxol, a first line chemotherapy drug used to treat breast, lung and ovarian cancers, is currently administered through an intravenous infusion that can take up to 24 hours to complete.
[15:04] {Threei} Short Setup: HIG .20 break
[15:06] {Les} rimm squeezed between 50 and 200. watching for break
[15:06] {strider} stop?
[15:06] {Threei} top of this bounce
[15:07] {strider} k
[15:07] {dino} fro to .79, wearing me out
[15:10] {Threei} a bit too high HIG, masybe aggressive entry
[15:14] {Threei} nah, forget it
[15:14] {Threei} no setup
[15:14] {Threei} (CA )Canada Fin Min Flaherty is not planning fees on financial institutions (related USD/CAD )
[15:16] {Threei} States Canadian banks did not fail or cost money to taxpayers
[15:16] {Les} yeh, rub it in Geithner's face
[15:17] {Threei} that's a pleasant face to rub things in
[15:18] {Les} we should patent and sell ashtrays with Geithners face in it
[15:18] {Les} instant best seller
[15:18] {dino} hoser
[15:18] {dino} :)
[15:19] {dino} tighten fro
[15:22] {dino} to .86
[15:23] {dino} out fro .842, +.342
[15:26] {Les} nice way to finish
[15:28] {dino} thx that one took all day
[15:28] {dino} snda will watch for tomorrow
[15:29] {dino} meli stuck in pattern, .10-.60
[15:30] {dino} kss big rinse
[15:33] {dino} \lot of my list down 2 to 4 bucks, should make for interesting trades tomorrow
[15:33] {Threei} NEXM new high
[15:34] {Threei} Market Internals update at 3:30pmET
[15:34] {Threei} - NYSE volume 790M shares, about 4% below its three-month average; decliners lead advancers by 4.2:1.
[15:34] {Threei} - NASDAQ volume 1.98B shares, about 18% above its three-month average; decliners lead advancers by 2.7:1.
[15:34] {Threei} - VIX index +6.5% to just over 18.50
[15:37] {Les} CIT has e
[15:37] {Les} sorry, CIT .30 b/d?
[15:38] {Threei} coin toss
[15:39] {Les} RIMM's a b%ççh. shook me out at .31 and then crashed
[15:39] {Threei} can spike into eod just as well
[15:39] {Les} k
[15:46] {dino} meli sm l .07\
[15:50] {dino} stop is .98
[15:51] {Threei} lol
[15:51] {Threei} CIT does both, spikes and drops
[15:51] {Threei} how's that for a size
[15:53] {Threei} closing push NEXM
[15:53] {Threei} let's see if I can read minds... strider, contemplating taking NEXM home?
[15:53] {strider} already got it.
[15:54] {Threei} lol, really?
[15:54] {strider} yeah.
[15:54] {strider} And SPEC.
06[15:54] * Threei opens Psychic Line
[15:54] {dino} lol
[15:56] {Threei} wow, SEED got seripously smacked
[15:58] {strider} If I can't be a daytrader, I'll be a nighttrader.
[15:59] {Threei} makes sense
[15:59] {Threei} I'll be dawntrader
[15:59] {Threei} magoo will be twilight trader
[16:00] {Les} I'll be sleepy trader
[16:00] {Les} I'm off to bed
[16:00] {Les} cheers
[16:00] {billyc} gn all
[16:00] {Threei} okaym, and fvern will have tio decide whatever comes for sunsets on Mars
[16:00] {Threei} thank you all, have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {strider} see ya.
[16:00] {dino} thx all good times
[16:02] {i2romantis} hello
[16:03] {Threei} hi i2r, welcome back
[16:03] {i2romantis} ok, it's working!
[16:03] {Threei} picked a good time, too, activioty returns
[16:03] {i2romantis} glad to be back!
[16:03] {i2romantis} that's good :)
[16:03] {Threei} fair day today after a lukewarm week
[16:04] {i2romantis} k

Labels: , , ,

Monday, January 11, 2010

Jan 11 2010

Quiet and boring once again, with the exception of SEED that got nice rocket-like move off the news. Other than that, setups mostly worked 50/50, maybe 51/49 at best.

Session Time: Mon Jan 11 00:00:00 2010

[08:02] {strider} ACI
[08:02] {nemo} pick a resource stock strider
[08:04] {nemo} many of them are breaking out of long=term bases
[08:04] {nemo} -
[08:09] {strider} Fly just gave the symbol for Helen of Troy as HELL
[08:09] {nemo} HELLenic
[08:10] {nemo} o.k....maybe it's a little early to have started drinking
[08:16] {nemo} cycc
[08:16] {strider} CYTX also
[08:17] {nemo} no vloume yet
[08:21] {nemo} huge offers appeared at .25 and .27, knocked cycc back a bit...they're gone now
[08:58] {fernp} Good morning everybody
[08:59] {Threei} good morning
[08:59] {fernp} Vad :-)
[09:00] {nemo} cycc...nice chart for .16 break
[09:00] {nemo} volume inconclusive
[09:03] {nemo} look at .15 offer cyccc
[09:03] {ese} good morning
[09:03] {Threei} ese :)
[09:04] {Threei} GNBT Major U.S. Pharmacy Chain to Market Generex's Crave-NX(TM) 7-Day Diet Aid Spray Throughout Its Nationwide Network of Over 7,000 Stores
[09:04] {Threei} - Reached an agreement with a major nationwide pharmacy chain to market the Company's proprieta... (0.61, 0.00, 0.00%) more...
[09:06] {nemo} .16 break worked great
[09:11] {Threei} lol
[09:11] {Threei} lookie ghere
[09:11] {Threei} CYCC To Raise Up to $9.5M in Registered Direct Offering (approx. 13% of market cap)
[09:11] {Threei} - The offering includes the sale and issuance of 2.85 million units, each unit consisting of one sha... (2.96, 0.00, 0.00%) more...
[09:11] {Threei} each unit consisting of one share of the Company's common stock and a cash warrant to purchase 0.25 shares of common stock, at a purchase price of $2.51 per unit.
[09:12] {nemo} that explains that
[09:14] {dino} gm all
[09:15] {strider} morning everyone
[09:15] {strider} So, how cold is it?
[09:15] {dino} 6
[09:15] {strider} IT's so cold I saw a Democrat with his hands in his own pockets.
[09:15] {Threei} dino, strider
[09:15] {dino} lol
[09:16] {fernp} lol
[09:16] {fernp} AA .50 break is interesting
[09:16] {lasertrev} morning
[09:16] {nemo} looking t that fern
[09:17] {Threei} trev :)
[09:19] {dino} tanker rates up
[09:21] {strider} out PALM from 12.39 Friday, +.31
[09:21] {dino} gj
[09:21] {fernp} wtg st
[09:22] {strider} it was starting to look kind of droopy.
[09:22] {strider} Holding VE from 36.37
[09:30] {Les} GM. DYAX is back tob/o levels again
[09:30] {Threei} Les :)
[09:30] {dino} jst drop again
[09:31] {strider} short CYCC 2.81
[09:31] {Threei} CAAS
[09:31] {Threei} Sunday, January 10, 2010 10:40:30 PM
[09:31] {Threei} China Automotive Systems, inc. Profiled in Investor's Business Daily's "New America" column
[09:31] {Threei} - The company is the top supplier of power-steering systems and components in China.
[09:31] {Threei} - CAAS has been entering into agreements to supply Chinese and foreign car manufacturers with components.
[09:31] {Threei} - According to an analyst at Rodman & Renshaw, most of the Chinese auto component players may grow faster than the overall auto market until demand and supply normalize.
[09:32] {Threei} nice entry strider
[09:33] {strider} hoping one more leg
[09:34] {nemo} no hoping strider
[09:34] {nemo} makes you think
[09:34] {Threei} Long Setup: CYTX 7.40
[09:35] {strider} out .75
[09:36] {strider} dumy...thought I was in for more than that.
[09:36] {strider} dummy
[09:36] {nemo} no, you were hoping, not executing a plan
[09:36] {strider} shut up, nemo.
[09:36] {fernp} invalidated CYTX?
[09:36] {nemo} o.i
[09:36] {Threei} not yet
[09:36] {nemo} o.k.
[09:37] {Threei} but I'd prefer different entry now
[09:37] {Threei} .30 break if stays above .20
[09:38] {dino} meli
[09:38] {Threei} idea is still .40 break, just prefer aggressive entry
[09:38] {fernp} ok
[09:39] {Threei} sdo what's wioth PEIX
[09:39] {Threei} does ethanol really come back?
[09:39] {dino} sm l .00 risky meli
[09:39] {patience} made me look
[09:39] {Les} FCX is sitting on 90 support, with a big ass $2 gap to fill if it falls
[09:40] {Threei} doubled in two days
[09:41] {nemo} [09:36] {strider} dummy {-----not
[09:41] {dino} option exp week
[09:43] {fernp} LM .95 break?
[09:43] {strider} in CYTX .31
[09:44] {Threei} yes fern
[09:44] {fernp} ty
[09:45] {Les} FCX .90 b/d with 90 stop Vad?
[09:45] {Les} nope
[09:45] {Threei} no :)
[09:45] {Threei} Long Setup: GLD .30 break
[09:45] {Threei} if stays above .20
[09:47] {Threei} TTWO Hearing renewed takeover chatter
[09:47] {Threei} - today's speculation revolves around possibility Icahn has entered talks with Time Warner (10.61, +0.19, 1.82%) (related TWX )
[09:48] {dino} meli stopped .33
[09:48] {dino} -
[09:49] {dino} aixg, hele
[09:51] {Threei} no go GLD
[09:51] {strider} stop GLD
[09:51] {ese} invalidated
[09:51] {Threei} 3 cents shy of 1:1
[09:51] {strider} out 1/2 CYTX
[09:51] {Threei} 1/2 out CYTX
[09:52] {fernp} ty
[09:53] {dino} ioc
[09:53] {Threei} BCRX Early strength attributed to a report circulating that several flu vaccines have been approved in early January by the Japanese Ministry of Health. Labor and Welfare (MHLW)
[09:53] {Threei} - The first reports on pandemic flu vaccines manufactured by GlaxoSmithKline and Novartis being appr... (8.05, +0.20, 2.55%) more... (related GSK )
[09:54] {fernp} GRO takeover rumor
[09:55] {dino} ioc bloody
[09:55] {Threei} I am not sure anyone's interested in stock named CACA, but mnentioning it just in case
[09:56] {Les} my children would be amused by said stock
[09:56] {Threei} I know I am
[09:56] {fernp} caca = shit in spanish
[09:56] {Les} yeh but you're easily amused:)
[09:56] {Threei} true
[09:57] {Threei} I made a plea to keep my sense of humor at 14 years old level
[09:57] {Threei} anfd it turned out a plea amazingly easy to keep
[09:57] {nemo} gotta' add 10 years to it then
[09:57] {Les} well you are certainly more enjoyable to listen to than Ben Bernanke making a speech
[09:58] {Les} maybe everyone should aim for 14
[09:58] {Threei} that has easy explanation
[09:59] {Threei} in my view of humor, it's funny when a person falls in the paddle face first
[09:59] {Threei} in Ben's, it's funny when the whole country does
[09:59] {Les} lol
[10:00] {Threei} Long Setup: WFC .80 break
[10:00] {Threei} if stays above .70
[10:00] {nemo} .80 200 ma
[10:01] {dino} meli re-load .50 sm
[10:02] {strider} stop bal. C
[10:02] {Threei} CYTX stop is under b/e for the second half btw
[10:02] {strider} yTX +.02
[10:02] {strider} stop CYTX +.02
[10:02] {ese} in .81
[10:02] {ese} wfc
[10:02] {strider} short ASBC .21
[10:03] {strider} cover +.11
[10:03] {dino} ioc wants 75ish strike
[10:05] {dino} mmr
[10:06] {strider} out flat WFC, don't like the futs.
[10:06] {Les} short nvda .27
[10:06] {dino} amag
[10:08] {dino} ioc 75s
[10:08] {Threei} Attention: WFC stop to under .75
[10:08] {dino} sm l .25
[10:10] {dino} stopped -.28
[10:12] {Threei} WFC 3 cents shy of 1:1
[10:13] {Threei} is it a new pattern?
[10:13] {Les} out nvda +.10
[10:13] {Threei} let's take profits at .7:1?
[10:13] {Threei} or 1:.7
[10:13] {fernp} have to say that I sold .86
[10:13] {ese} almost stopped
[10:13] {Threei} good move
[10:14] {strider} long AMZN .75
[10:14] {Les} I followed strider out flat
[10:14] {ese} out wfc stopped .73 -.09
[10:15] {ese} should have taken it at .86 i'm my own worst enemy
[10:15] {Les} NVDA .17 b/d?
[10:15] {Les} .25 stop?
[10:16] {Threei} probably
[10:16] {Threei} prwetty much depewnds on market
[10:17] {Threei} what's with w
[10:19] {Threei} CYCC death march
[10:20] {dino} ioc rinsed
[10:20] {Threei} GLBL, pretty daily
[10:21] {Threei} CGEN?
[10:21] {Threei} no news here
[10:21] {strider} takeover speculation
[10:22] {ilana} RIMM db?
[10:23] {Threei} looks good for bouynce with stop under .50 if market helps, I just don't see clear trigger
[10:24] {ilana} on TEVA similar, trigger could be 59 break?
[10:24] {dino} fds sm l .55 thin
[10:24] {Threei} if holding above .90 TEVA...
[10:25] {strider} long FDS also., .55 stop lod
[10:27] {strider} FDS stop below .0
[10:27] {strider} 40
[10:27] {dino} meli capit, strange
[10:27] {Les} short teva .89
[10:27] {nemo} venezuela
[10:34] {fernp} LM cruel. stopped me out and now it is at 1:2
[10:34] {dino} ioc feels like re-test
[10:35] {strider} stopped FDS
[10:36] {strider} stopped AMZN
[10:37] {Threei} Market Internals update at 10:30amET
[10:37] {Threei} - NYSE volume 235M shares, about 6% below its three-month average; advancers lead decliners by 1.2:1.
[10:37] {Threei} - NASDAQ volume 565M shares, about 17% above its three-month average; decliners lead advancers by 1.1:1.
[10:37] {Threei} - VIX index -4.25% to just over 17.00
[10:37] {Threei} AA sharp selling
[10:38] {Les} woha TEVA just blew out my stop
[10:38] {Threei} let's see if we get double bottom on AA
[10:38] {Threei} pullback, holding .20, breaking .25
[10:39] {nemo} .21 pivot support
[10:39] {nemo} here vad, or looking for pull back?
[10:40] {Threei} no pullback... not the way I want it to play out
[10:42] {dino} aa announces tonight i think
[10:42] {nemo} yes
[10:43] {Threei} let's see if we get an ebtry on pullback under .25
[10:43] {Threei} entry too
[10:44] {ese} L wfc .82
[10:44] {dino} ioc lod
[10:48] {fernp} AA vad? 30 break or dive under .25?
[10:48] {Threei} Long Setup: RMBS .50 break
[10:49] {Threei} I'll let .30 break go fern
[10:49] {Threei} don't view it as a valid setup
[10:49] {dino} tup
[10:49] {fernp} ok
[10:49] {fernp} RMBS stop under .40, no?
[10:49] {Threei} yup
[10:53] {ese} out wfc .94 +.12
[10:53] {ese} that evens the score
[10:53] {Threei} way to get revenge
[10:53] {Threei} TASR non-stop
[10:54] {ese} tks vad........too much politics going on at school i need someone to think for me this morning
[10:55] {Threei} RMBS will be decided by which side breaks, .42 or .44 big orders
[10:57] {Threei} so far so good
[10:59] {Threei} IOC Hearing defended at Natixis (timing uncertain) (72.75, -10.90, -13.03%)
[11:02] {Threei} XLF Obama may announce new fees on Banks to help reduce deficit in February budget plans (15.30, +0.08, 0.53%)
[11:02] {Threei} sure, why not
[11:03] {Threei} it's not like they would be passing those fees on customers
[11:03] {nemo} nah...never
[11:03] {ese} .50 break still good with Rmbs
[11:03] {Threei} if holding .40
[11:04] {Threei} fee aims to recover money taxpayers had lost in the financial system bailout
[11:04] {Threei} lol
[11:05] {Threei} no go RMBS
[11:05] {fernp} ufff no go
[11:05] {Threei} I hate mondays
[11:06] {Threei}
[11:06] {Threei} so, let me get this straight
[11:06] {Threei} 1. you taxpayer provide bailout money
[11:06] {Threei} 2. we want to repay you
[11:07] {Threei} 3. we charge you additional fee via banks
[11:07] {Threei} 4. that collected fee is how we repay you
[11:08] {Threei} essentially you've been robbed twice, but in one of robbery cases you get your money back
[11:08] {Threei} and we call it even
[11:09] {Threei} AA back to .20 sdupport
[11:10] {Threei} don't see an entry yet
[11:10] {fernp} long?
[11:10] {Threei} not even sure about that
[11:10] {Threei} could turn into short on .20 break
[11:11] {Threei} if market breajs down, that's what moist likely will transpire
[11:11] {nemo} watching for db on mos
[11:11] {nemo} I lied...joyg
[11:19] {nemo} db on Qs?
[11:20] {Threei} no way to tell
[11:20] {Threei} breakdown is just as likely
[11:20] {Threei} what's with INCY
[11:21] {nemo} well 2nd bottom looks like reverse H&S also
[11:23] {Les} GLD lod b/d? .05 stop?
[11:23] {nemo} so much for that brilliant (not) insight by moi
[11:23] {Threei} chart wise yes... GLD history wise, no
[11:24] {fernp} good answer :-)
[11:24] {Threei} it tend to drop sharply off more or less random points somewhere up there
[11:24] {Threei} but fails breakdowns of the low
[11:24] {Threei} look at its today's 1 min
[11:25] {Threei} you'll find a lot of those drops for which there is no real indicatiojn
[11:25] {Threei} and no sinhgle successful break of the low
[11:25] {Les} ok. missed the $2 gap on fcx. looking for GLD to pay up
[11:26] {Les} but yes, remember you and GLD
[11:33] {nemo} yeah, tht bottom seems to have heald on the Qs
[11:34] {nemo} two spelling many do I have to make to get the 3i reward?
[11:34] {nemo} award
[11:34] {dino} gpn sm l .50
[11:35] {fernp} PFE if breaks hod, Vad?
[11:37] {Threei} I like it...
[11:37] {Threei} my problem is, not much of what I like worked so far
[11:39] {Les} should have gone with your logic on GLD. would be rolling in it now
[11:46] {Les} X 63 b/d?
[11:46] {Threei} XING again
[11:46] {Les} this little bounce providing .20 stop?
[11:46] {Threei} what's with this little piece of crap
[11:47] {Threei} could be, X works nicely on a short side with market help
[11:48] {Les} would prefer .10 stop if it consolidates a little longer
[11:49] {nemo} volue supportive of a break up
[11:49] {Threei} no such luck
[11:55] {Threei} good read nemo
[11:56] {nemo} ty...but a tad lucky on that kinda' foggy
[11:56] {strider} dino, what's your target for GPN?
[11:59] {dino} .90 at least
[11:59] {dino} watching jst
[12:00] {nemo} watch the .82 level
[12:00] {nemo} tck
[12:00] {dino} i'm a bit off today, these drops are brutal
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 405M shares, about 8% below its three-month average; advancers lead decliners by 1.1:1.
[12:00] {Threei} - NASDAQ volume 990M shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.
[12:00] {Threei} - VIX index -4.25% to just over 17.00
[12:01] {nemo} it might be going to test the low of 11
[12:13] {fernp} .
[12:14] {Threei} VRNM Hearing vague chatter of possible large contract (5.30, +0.21, 4.13%)
[12:15] {nemo} mmmhhh...joyg volume spikes just below .90 200 ma.
[12:15] {nemo} either a niche resting place before onward march, or possibly setting up for a short
[12:16] {nemo} .89 is vwap too
[12:16] {nemo} nice=niche
[12:16] {nemo} what a day
[12:17] {Threei} PEIX... mama
[12:18] {Les} another $2 stock going insane. where's the beef?
[12:20] {fernp} PFE worth a try, Vad?
[12:20] {Les} C&H AMZN?
[12:20] {Les} can't see entry point
[12:21] {dino} jst sm l .25
[12:21] {Les} looks like its a b/d
[12:23] {dino} stopped again, whooshed me
[12:24] {dino} should've stayed home
[12:25] {Les} possible db on FSLR. Nemo?
[12:28] {nemo} volume increasing into price...that's a good sign, but it's coming right into resistance here
[12:28] {nemo} even if it breaks .50 it has to get through .60
[12:29] {nemo} volume into .50 break go small, maybe add if it powers through .60...just a thought....I know strider...shutup, nemo.
[12:29] {fernp} 1:1 PFE double lot
[12:29] {Threei} Short Setup: AIG .29 if stays under .35
[12:29] {fernp} im green again :-)
[12:30] {dino} gj
[12:30] {nemo} we'll call you kermit
[12:30] {Threei} so you ARE from Mars
[12:30] {fernp} mars, yeah
[12:30] {nemo} oh, Les...don't forget...lunchtime
[12:31] {fernp} walking down Mars with money on my pockets :-)
[12:32] {ese} see you all tomorrow.......
[12:32] {Les} ciao ese
[12:32] {Threei} and eyeing possible visitors from Venus to spend money on
[12:32] {fernp} bye ese
[12:32] {nemo} tftw ese
[12:32] {Threei} take care ese
[12:32] {ese} les fern dude
[12:32] {nemo} good one 3i
[12:32] {ese} vad
[12:32] {strider} in AIG ,29
[12:33] {ilana} correction: to invest it
[12:33] {Threei} in visditors from Venus??
[12:33] {ilana} it=in
[12:33] {strider} Vad will you take 1:1 at .23?
[12:33] {ilana} yes
[12:33] {Les} aren't women from venus?
[12:33] {nemo} that's the joke Les
[12:33] {Threei} even at ,24, strider
[12:34] {Les} call me naive
[12:35] {Threei} we martians do not invest in venus habitants... we we spend on them with no appreciacable return
[12:35] {nemo} consumables
[12:37] {Threei} 1:1 AIOG
[12:37] {Threei} AIG
[12:37] {Les} lunch money on AIG +.05 ty
[12:37] {Threei} lunch on Les
[12:38] {Les} happy meals only
[12:38] {Threei} happy meal = drink with umbrella
[12:39] {Les} lol. Mcdonalds obviously different in Canada
[12:44] {Threei} (US) Fed's Lockhart: Sees US GDP at 3.0-3.5% in second half of 2010; consumer spending remains cautious
[12:44] {Threei} - Concerned about emerging proposals for measure that could politicize the input from regional banks
[12:44] {Threei} - "Reasonably comfortable" with projections noting inflation will remain in check for the immediate future
[12:46] {Threei} 17% Expect Health Care Plan To Lower Costs, 57% Expect Costs to Go Up
[12:47] {Les} AA might be a .20 b/d. 10 cent gap to fill from yesterday
[12:48] {strider} stopped balace AIG b/e
[12:49] {strider} short HOG .23
[12:49] {strider} stop .27
[12:52] {strider} cover HOG +.03
[12:54] {Les} out aa +.05. fighting for pennies today
[12:54] {Threei} oh great, now they discuss MRI scanners for each airport
[12:54] {Threei} weren't those recently shown to provoke cancer growth?
[12:54] {strider} save on medical costs.
[12:54] {Les} hey you're paying for it
[12:57] {Threei} I have three airport gates to go through on the way to Bahamas
[12:57] {Threei} so not looking forward
[13:00] {strider} cover XING short +.13
[13:07] {Threei} nothing even breathes, let alone moves
[13:11] {strider} DIA forming c&h 1min
[13:17] {Threei} GM CEO Promises Profit for Taxpayers
[13:17] {Threei} you excited?
[13:19] {nemo} frickin' computer froze
[13:19] {Threei} global warming in action?
[13:19] {nemo} ba da bum!
[13:20] {strider} dino, I think we've arrived at a fair price for GPN.
[13:22] {Threei} remember how CYTX caught us ioff guard by late day break of 7.50?
[13:22] {Threei} look at this consolidation
[13:23] {ilana} should we catch it this time?
[13:23] {Threei} certainly looks tempting for the break
[13:24] {dino} maybe strider, thing is slow
[13:24] {nemo} al of a what .04-.05 risk?
[13:25] {strider} Didn't CYTX close down yesterday?
[13:25] {Threei} at 7.25
[13:25] {Threei} +1.25, hardly down, lol
[13:27] {fernp} CYTX stop is under .40 or .45?
[13:28] {nemo} for you fern. .45
[13:28] {nemo} :)
[13:28] {Threei} lol
[13:28] {nemo} I know strider...shut up, nemo
[13:28] {Threei} he is right actually
[13:28] {Threei} both are valid
[13:28] {fernp} lol
[13:28] {nemo} yeah, fern a scalper
[13:29] {nemo} .40 is 200 period ma
[13:38] {Threei} if I see a setup, start typing it now 1 letter pwer line, and falling asleep for couple minutes between letters, I will npo doubt manage to type it in time anyway
[13:42] {strider} YOu could just give us one letter at a time vad.
[13:43] {nemo} lvs break .46
[13:43] {nemo} stop under .40
06[13:45] * nemo stabs lvs with a hot poker
[13:46] {strider} GPN actually has a decent setup now.
[13:50] {fernp} kick Vad, kick
[13:50] {Threei} who is is poor one who hears fern and tries to do that?
[13:51] {fernp} only need two cents more...
[13:53] {nemo} fdx strong today
[13:54] {nemo} scratching lvs
[13:56] {Les} PEIX at a b/o point
[13:57] {nemo} yep
[13:57] {nemo} big bid .68
[13:57] {nemo} oops
[14:00] {Les} fdx
[14:00] {Les} wrong screen
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 570M shares, about 11% below its three-month average; decliners lead advancers by 1.1:1.
[14:00] {Threei} - NASDAQ volume 1.38B shares, about 6% above its three-month average; decliners lead advancers by 1.1:1.
[14:00] {Threei} - VIX index -3% to just over 17.50
[14:07] {Les} l small amzn .70
[14:09] {Threei} CA) BoC: Strength of the CAD is a drag on economic growth
[14:09] {Threei} you don't say
[14:11] {Threei} fern... your 1:1 arrived
[14:11] {fernp} ty very much
[14:15] {Les} stopped amzn .55
[14:16] {Threei} Cuomo Pushes Banks for Bonus Info
[14:16] {Threei} so it has become a legal issue now?
[14:17] {dino} swm
[14:17] {Threei} hard to believe it
[14:18] {strider} short AMZN .51
[14:19] {Les} amzn .50 b/d?. give it larger stop. .70?
[14:19] {Threei} cxan't tell Les
[14:19] {Threei} 50/50
[14:21] {strider} stop AMZN .59
[14:24] {Threei} for all practical intents and purposes, CYTX hit 1:1
[14:24] {nemo} I'll pop the champagne
[14:26] {Threei} wait for some species from Venus to pass by and aim at it (her?),
[14:26] {Threei} may be double benefit
[14:27] {Les} NFLX
[14:27] {Les} .95 b/d?
[14:27] {fernp} still in Mars but w/more money in my pockets :-)
[14:27] {Les} 53 stop?
[14:27] {Threei} I'd try it
[14:27] {dino} sxci
[14:28] {nemo} your in an area of major support though les
[14:29] {Les} ok seen it ty
[14:33] {nemo} hard to say, but might have just got a DB on nflx
[14:33] {dino} mstr
[14:34] {nemo} that's awful liquid for you...63k volume and only a .12 spread
[14:34] {dino} mr
[14:35] {nemo} chinese medical equpment...had forgotten all about this one...earnings today?
[14:36] {dino} out gpn thing won't move
[14:37] {Threei} Earnings
[14:37] {Threei} Before the Open: MDRX, HELE. After the Close: AA, WDFC.
[14:40] {Les} X might be a DB.
[14:41] {strider} out GPN +.03
[14:41] {strider} geez
[14:41] {Threei} lol
[14:41] {strider} penny an hour
[14:41] {Threei} strider... try not to spend it all at once
[14:41] {Threei} you may cause inflation spike
[14:43] {strider} you get the feeling something's gonna happen soon?
[14:43] {strider} Maybe not today, but soon.
[14:43] {nemo} define "soon."
[14:43] {Threei} yes but I have hard time telling gut fweeling from acid reflux
[14:45] {strider} I think I picked the wrong time to start trading.
[14:45] {Threei} kidding?
[14:45] {strider} no.
[14:45] {nemo} I picked the wrong time to be born
[14:45] {Threei} it's the best
[14:45] {strider} splain.
[14:45] {Threei} we are going through relatively quiet period,
[14:45] {Threei} volatility contracting to almnost unbelieavble degree,
[14:46] {Threei} VIX nears all time lows,
[14:46] {strider} how is this good?
[14:46] {nemo} 11
[14:46] {nemo} has to snap back
[14:46] {Les} cause you're learning when it is friggin difficult
[14:46] {Threei} you have an opportunity to parctice risk control and finding the opportunities during such quiet and easy to control time
[14:47] {Threei} mistake is not egetting punished by 200 points DOW drop
[14:47] {Les} hmm good point
[14:47] {Threei} When the band stretches too much
[14:47] {Threei} and volatility returns with the bang
[14:47] {strider} But hardly any setups work.
[14:47] {ilana} now it's about to lose less, not to earn more, i guess :-)
[14:48] {Threei} you'll be well prepared, witbn some flight hours under your belt.
[14:48] {Threei} nailed it Ilana
[14:48] {Les} I thought it'd be sugar and cream with big moves like a 200 point day
[14:48] {dino} chin up strider
[14:48] {Threei} imagine you started trading a year ago
[14:48] {Threei} last October
[14:48] {Threei} yeah, your setups would have worked
[14:48] {nemo} frickin' roller coaster
[14:49] {nemo} wake up in the morning to limit down on the futes
[14:49] {Threei} and those that didn't would have literally destroyed you
[14:49] {nemo} oy vay
[14:49] {Threei} to put it in simpler terms,
[14:49] {Threei} you prefer to learn swimming in the shallow near the shore or in the deep waters during the storm?
[14:49] {strider} I don't have trouble taking stops.......
[14:50] {strider} I paid for that lesson 6 years ago.
[14:50] {strider} I don't need any more practice taking stops, thank you very much:)
[14:50] {Threei} well, it's npot only stops
[14:50] {Threei} executions, spotting right setups,ight conditions for them to work
[14:50] {Threei} there are many moving parts
[14:51] {strider} yeah. I'm learning that stuff..true.
[14:51] {Threei} Things are fast anbd furious - enviroment is less conducive for kearning
[14:51] {dino} sm l sxci .30
[14:51] {strider} OK.....been learning for 4 months.......I'm ready for a decent market.
[14:52] {Threei} it will come
[14:52] {Threei} then it will stay with us for a while
[14:52] {Threei} then it will become indecently volatile
[14:52] {nemo} until 2012
[14:52] {Threei} then you'll start begging for calmer one
[14:52] {Threei} then it'll come
[14:52] {Threei} and whiole cycle will repeat
[14:52] {Threei} ask me how I know
[14:53] {nemo} mystic clairvoyant?
[14:53] {strider} mystic pizza guy?
[14:53] {Threei} psychic linew
[14:53] {Threei} -w
[14:53] {strider} $8/minute?
[14:53] {Threei} mine charges $12.50
[14:53] {nemo} anybody call?
[14:54] {dino} always does
[14:54] {dino} mmr wow
[14:54] {nemo} look at meli dino
[14:54] {Threei} but what choice do I have, I tried to steal magoo's crystal ball and found out he broke it long ago
[14:54] {dino} i just travel ahead
[14:55] {dino} i see it nemo, gets to about 46.20 and drops
[14:55] {Threei} I can't dino... magoo dropped his crystal ball on my time machine
[14:55] {nemo} .15 vwap
[14:55] {Threei} andf broke my flux capacitor
[14:57] {dino} we'll have to stay on meli tomorrow
[14:57] {Threei} shit
[14:57] {Threei} I need a gun
[14:57] {Threei} I want to shoot myself, now
[14:57] {nemo} need the janitor
[14:57] {Threei} anyone ha\d CNN on just now?
[14:57] {nemo} what, found your flux capacitor?
[14:57] {nemo} no
[14:57] {dino} no
[14:58] {Threei} 12 years old wrote an iPhone application teaching people how to trade stocks,
[14:58] {Threei} based on his experience
[14:58] {Threei} which was:
[14:58] {Threei} he ate goldfish creackers one morning
[14:58] {Threei} liked them,
[14:58] {Threei} lkooked up on google who makes them,
[14:58] {Threei} fiound out it was Campbell soup
[14:58] {Threei} and invested in it in some paper trading contest
[14:59] {Threei} stop the Earth, I want to get off
[14:59] {Threei} fern, I am coming to Mars, got a tent for me?
[14:59] {Les} I'd be happy if he shared his app
[14:59] {Les} just so long as people returned to stockmarket
[14:59] {fernp} ok, nice girls over here :-)
[15:00] {dino} lol, just need to know what he eats
[15:00] {Threei} really? they are not all on Venus?
[15:00] {fernp} here u can find girls with a single eye
[15:01] {Threei} oh good... with my looks, blind ones would be even better
[15:01] {fernp} lol
[15:02] {fernp} DOWS on highs, NASDAQ on lows and SP in nowhere
[15:02] {fernp} DOW
[15:02] {ilana} and deaf ones too... sometimes
[15:02] {nemo} dino 17% of meli revenue from Venezuela
[15:02] {fernp} thay are perfect, iliana
[15:03] {dino} that explains alot
[15:03] {Threei} now Ilana, that would be too giood,,, I go to Mars, not tio heaven...
[15:03] {dino} you see the new law that they will take over businesses that increase prices there?
[15:03] {dino} atlas shrugged
[15:03] {nemo} oh yeah
[15:04] {dino} next it will be illegal to change jobs
[15:04] {dino} that country is blowing up fast
[15:04] {nemo} where do you think Obama is getting his ideas?
[15:04] {dino} meli at the .20
[15:04] {dino} i fear that is true
[15:05] {nemo} see if it can hold it here dino, vwap at .15
[15:05] {fernp} GCI let's try a scalp
[15:05] {nemo} last time it made it to vwap it backed off
[15:05] {dino} problem is it drops fast
[15:05] {strider} SEED
[15:05] {dino} mmr and mr are unstoppable
[15:06] {nemo} frickin seed, took that off this morning
[15:06] {Threei} still n o news here
[15:07] {Les}
[15:08] {Les} Israeli approach to airport security - interesting
[15:08] {Threei} SEED FMR LLC discloses passive 13% stake - filing (12.70, +0.54, 4.44%)
[15:08] {strider} FMR cop reports passive 13% stake in SEED, fwiw
[15:08] {nemo} as passive as 13% can be
[15:09] {nemo} lotta' selling at market in meli
[15:09] {nemo} think fmr is selling into the spike?
[15:10] {nemo} :)
[15:12] {Threei} where is magoo
[15:12] {Threei} his stock
[15:12] {Threei} his move
[15:12] {Threei} he lives fior this sruff
[15:12] {nemo} something about sheep
[15:12] {dino} he's here
[15:13] {Threei} oh so he decided to ignore us
[15:14] {dino} guess so
[15:14] {Threei} did he get SEED?
[15:15] {Threei} bla, eh?
[15:15] {dino} look jst
[15:17] {Threei} VOXX Reports Q3 $0.55 v $0.26e, R$155M v $196M y/y (7.17, +0.15, 2.14%)
[15:21] {dino} stst
[15:21] {dino} 2 bucks
[15:22] {dino} c'mon retest hod
[15:29] {Threei} SEED looks like 14
[15:32] {Threei} watch for bounce off .50
[15:35] {Threei} here comne 14
[15:38] {dino} nemo meli
[15:40] {Threei} anyone got SEED?
[15:40] {fernp} not here
[15:40] {strider} fescue.
[15:41] {dino} no
[15:43] {Threei} Market Internals update at 3:30pmET
[15:43] {Threei} - NYSE volume 730M shares, about 11% below its three-month average; advancers lead decliners by 1.1:1.
[15:43] {Threei} - NASDAQ volume 1.75B shares, about 5% above its three-month average; decliners lead advancers by 1.1:1.
[15:43] {Threei} - VIX index -3% to just over 17.50
[15:51] {Threei} amazing strength into close, SEED
[15:58] {Threei} GOOG Hearing vague chatter regarding reports of a positive ruling over YouTube unit (601.73, -0.29, -0.05%)
[15:59] {dino} out sxci .70, +.40
[15:59] {Threei} okay guys, if I am a bit late tomorrow mnorning - that's because I am setting up things on Mars, fern helps me with internet connection from my tent, etc
[15:59] {Les} ok thanks vad. night all
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {ilana} gn
[15:59] {nemo} cu
[15:59] {Threei} see you tomorrow
[16:00] {Threei} dino... tell me magoo got SEED
[16:00] {Threei} AA Halted: news pending (17.45, +0.43, 2.53%) \

Labels: , , ,

Friday, January 8, 2010

Jan 08 2010

Action normalizes and setups start working as they should ICXT, CYCC, DYAX, couple more... still not pressing too much but profits are being booked again.

Session Time: Fri Jan 08 00:00:00 2010

[08:04] {strider} out CYCC, 3.31, +.76
[08:05] {Threei} oh, I got it - you are crazy
[08:05] {Threei} wtg
[08:05] {strider} watched it aftermarket yesterday. climbed all the way.
[08:07] {Threei} single glance at the daily chart demonstrates that gravity is a myth
[08:07] {strider} It
[08:07] {nemo} not really, once the rocket fuel runs out
[08:07] {strider} IT's worse in some places than others.
[08:09] {strider} It's rolling over now.
[08:09] {nemo} fuel ran out
[08:09] {Threei} scary thought is - it's available for shorting
[08:10] {strider} Too bad Laser's charts don't start till 8AM.
[08:10] {strider} I've got a dinky one that MBT had in beta that starts at 7:30.
[08:11] {strider} had=has
[08:11] {Threei} US) Preview: Dec Unemployment Rate data due out at 8:30am (13:30 GMT)
[08:11] {Threei} - Consensus expectations at 10.0%e v 10.0% prior (analyst range of estimates seen from 9.9% to 10.2
[08:15] {strider} Unemployment in my county is almost 15%.
[08:28] {nemo} must be good report spy popped
[08:29] {Threei} no report yet
[08:29] {nemo} not for us
[08:29] {nemo} tna popping
[08:29] {nemo} yeah interpreted as good
[08:29] {nemo} there go qs
[08:29] {nemo} or it's a setup up to slam when it comes out
[08:30] {nemo} hah!
[08:30] {Threei} *(US) DEC UNEMPLOYMENT RATE: 10.0% V 10.0%E
[08:30] {nemo} paranoid conspiracist me
[08:30] {Threei} so much for the theory that someone got it earlier than us
[08:30] {nemo} not necessarily, had that spike up two minutes before
[08:31] {nemo} yahooo!!!!
06[08:31] * nemo thinks he had too much coffee
[08:31] {Les} time for your vodka shot nemo
[08:31] {Les} GM
[08:31] {nemo} thanks for reminding me
[08:32] {Threei} that woiuld be redundant, considering how much he spikes his coffee with vodka
[08:32] {ese} morning
[08:32] {nemo} Told you, I quit drinking
[08:32] {nemo} intravenously now
[08:32] {Threei} ese
[08:32] {nemo} dude
[08:32] {ese} vad
[08:32] {ese} dude!!!!!!!!!
[08:32] {Threei} LUNA Expands relationship with Intuitive Surgical
[08:33] {nemo} cycc holding well
[08:33] {Threei} SPDE Zargis Cardioscan Cleared for Sale in Canada
[08:34] {nemo} what's oil doing?
[08:34] {Threei} dropped
[08:37] {nemo} wow Qs dropped a whole .11 cents
[08:38] {nemo} there they go
[08:43] {fernp} Good morning everybody
[08:43] {nemo} damn, how do we hop on the down elevator?
[08:43] {nemo} hola fern
[08:43] {fernp} nemo
[08:43] {Threei} fern :)
[08:49] {ese} awwwwwwwe i didn't get the smile face..........sniffle sobb...whine........
06[08:50] * nemo slaps ese around a bit with a large trout
[08:50] {ese} ok i'm better now.......phew
[08:50] {Threei} there is always a smile somewhere deep in my soul
[08:50] {ese} tks vad
[08:50] {Threei} smile... smirk... sarcastic snarl...
[08:52] {Threei} sardonic sneer
[08:52] {nemo} malevolent mirth
[08:52] {nemo} mmhhhh...this is the kind of commentary that usually gets a rise out of Raven
[08:52] {ese} mirth......huh
[08:53] {ese} haven't heard that one
[08:53] {Threei} didn't incorporate that yet nemo, but will add it my arsenal
[08:56] {Threei} this is interesting correspondence in numbers:
[08:56] {Threei} 32% Say U.S. Heading in Right Direction
[08:56] {Threei} 32% Confident Congress Represents Their Best Interests
[08:57] {Threei} have we finally nailed the right ratio of idiots?
[08:57] {nemo} no
[08:57] {nemo} much too low
[08:57] {Les} what about the other 32%?
[08:57] {nemo} good one les
[08:58] {Threei} I don't know nemo... maybe we are in a ballpark:
[08:58] {Threei} 45% Say Random Group From Phone Book Better Than Current Congress
[08:59] {ese} lol
[08:59] {nemo} go figure...bad job report consumer discrtionaries up big
[09:00] {nemo} never mind
[09:00] {nemo} some moron hit market buy
[09:00] {ese} by the way.....the mango tea was great last night vad.....but the vivid description of nemo was even better
[09:00] {Threei} lol
[09:00] {nemo} nice ese...think I'll bite?
[09:00] {ese} well..........thought it was a good try
[09:02] {Threei} I exaggerated a bit ese... that third arm above the right shoulder blade is not that pronounced
[09:02] {ese} rotflol.......ya......even i was bitting on tht one
[09:03] {nemo} haven't got a haircut since Vad last saw me
[09:04] {ese} the wild look is good.....
[09:04] {nemo} what's left of it anyway
[09:04] {nemo} amzn rebounded nicely
[09:07] {nemo} gld, fcx up big
[09:09] {ese} anyone heard any rummors re the non farm payrolls......
[09:09] {nemo} down 85k ese
[09:09] {Threei} rumors?
[09:09] {Threei} - Prior Nonfarm Payrolls revised from -11K to +4K (first positive reading since Dec 2007)
[09:09] {Threei} - Prior Manufacturing Payrolls revised from -41K to -35K
[09:09] {Threei} - Birth death adjustment: +59K v +30K prior
[09:09] {Threei} - 3-month avg (with revisions): -64K v -82K prior
[09:09] {strider} VE CMG SPDE CYTX DB
[09:09] {nemo} cmg..omg
[09:10] {Les} oh crap is that -85k!
[09:10] {nemo} YES!!!
[09:11] {Les} so much for the "paint the good news" conspiracy at the BLS some bloggers were predicting
[09:11] {Threei} you know the price of majority of conspiracy theories
[09:11] {Les} do know
[09:11] {Les} now
[09:12] {Threei} about 1 share of CYCC pre-run per dozen
[09:13] {strider} TEN
[09:14] {Threei} CYTX
[09:14] {Threei} Cytori Therapeutics Inc FDA Grants 510(k) Marketing Clearance for Cytoris PureGraft System
[09:14] {Threei} - The first and only device in the United States cleared for aesthetic body contouring using autologous fat. PureGraft allows a patients own fat tissue to rapidly be prepared in approximately 15 minutes for re-injection back into the same patient for aesthetic contouring.
[09:14] {strider} there ya go.
[09:14] {nemo} so, is that code for breast enlargement?
[09:15] {strider} If that's what you need.
[09:15] {dino} gm all
[09:16] {ese} QQQQ heads for the exit after non farm....then bounces back a little....maybe not so bad
[09:16] {Threei} dino :)
[09:17] {dino} just thinking the naz is still way off 5k
[09:17] {Threei} lol
[09:17] {dino} thought you'd like that
[09:18] {Threei} MTEX Randomized, Double-Blind, Controlled Human Study Finds Mannatechs Ambrotose Complex Improves Cognition and Well-Being (3.00, 0.00, 0.00%)
[09:19] {ese} morning dino
[09:19] {Les} I could use that
[09:19] {dino} gm es
[09:20] {ese} improves what
[09:21] {Threei} - announced the results of a randomized, double-blind, placebo-controlled study that shows healthy middle-aged adults who took one teaspoon of Ambrotose complex1 twice daily performed significantly better on memory tasks and were overall more positive in their mood.
[09:21] {Threei} - The significantly better performance on memory tasks and positive effects on mood experienced by the study participants who consumed Ambrotose complex is congruent with beneficial effects on brain functions.
[09:23] {lasertrev} morning
[09:23] {Threei} trev :)
[09:23] {ese} LT
[09:23] {nemo} mini dave
[09:23] {ese} any thoughts about an opening play on cycc
[09:23] {lasertrev} hi all
[09:24] {Threei} only that it will open
[09:24] {nemo} Captain Obvious...been a loooong time.
[09:31] {ese} apol dino -5pts and change
[09:31] {Threei} ICXT, watching for pullback
[09:32] {Threei} 4:41:37 PM
[09:32] {Threei} OSI Systems Inc. Security related stocks trade higher as President Obama discusses steps being taken to increase airport and anti-terror security
[09:32] {Threei} - Obama confirms he has ordered use of more imaging technologies at airport security checkpoints.
[09:32] {Threei} Long Setup: CYTX .50 break
[09:32] {Threei} if stays above .35
[09:32] {strider} offers thin
[09:33] {dino} jst sm l .50
[09:34] {Les} cycc
[09:37] {fernp} ICXT, Vad?
[09:37] {Threei} wiould like couple more min of consolidation before break
[09:38] {Threei} no cuh luck weh
[09:38] {Threei} such
[09:38] {ese} l apol .65
[09:39] {strider} out OSIS +.10, +.05
[09:39] {ese} out apol .88 +.23
[09:40] {dino} gj
[09:40] {Les} RIMM consolidation
[09:41] {strider} don't care. :)
[09:41] {nemo} not listening
[09:41] {Threei} Long Setup: IXCT 9 break
[09:41] {strider} icxt
[09:43] {nemo} is it a short below .90?
[09:43] {fernp} stop is .80 or .90, Vad?
[09:43] {Threei} if sets up from here, under .90
[09:44] {Threei} US) Preview: Nov Wholesale Inventories due out at 10:00ET
[09:44] {Threei} **consensus expectations: -0.3%e v +0.3% prior (expectations range between -1.0% to +0.5%)
[09:44] {ese} in .04
[09:44] {nemo} missed
[09:46] {Threei} half out
[09:46] {strider} CYCC
[09:46] {fernp} ty very much
[09:47] {Threei} 1/4 more out
[09:47] {ese} out icxt .16 +.12
[09:50] {Threei} gravity doesn't exist in CYCC world {G}
[09:50] {strider} glad to know it's shortable.
[09:51] {Les} lol you shocked me so much with your responses to RIMM remark that I didn't realised I had shorted it
[09:51] {Les} out RIMM +.03 ICXT +.08
[09:51] {strider} put :) at end of my comment.
[09:51] {Les} RIMM was a nice setup.
[09:51] {strider} I've just sworn off RIMM for time being.
[09:52] {Les} oh right, now I get it
[09:52] {Threei} ICXT last portion management: stop to under .10, intend to sell above .30
[09:53] {Threei} strider... you swore off RIMM only to start trading AMZN? now I know the ultimate definition of trader's logic
[09:53] {strider} haha
[09:53] {Threei} :)
[09:53] {Les} FCX consolidation
[09:55] {Les} fcx .60 b/o with a little more consolidation?
[09:55] {strider} AMZN is an abdominal exercise.
[09:55] {nemo} mos consolidating near high
[09:55] {Threei} not sure les
[09:55] {strider} inventories at 10
[09:55] {nemo} bathroom at 9:55
[09:56] {dino} out jst .46, +.94
[09:56] {Threei} ELN Hearing vague renewed takeover chatter circulating
[09:56] {Threei} - JNJ and BIIB both rumored as potential acquirers (7.45, +0.12, 1.64%) (related JNJ BIIB )
[09:56] {dino} opps+.96
[09:56] {strider} wtg dino.
[09:56] {strider} wow
[09:56] {dino} ty
[09:56] {nemo} of course mos breaks
[09:58] {patience} nice start to the day dino
[09:58] {dino} ty, lucky, and way soon
[09:58] {ese} l grmn .68
[09:58] {dino} thought it would pull back, but mkt went up
[09:59] {Threei} AIG Certain US Congressmen reportedly seeking hearings on bailout disclosures; with Geithner to testify (29.88, +1.30, 4.55%) (related GS )
[09:59] {dino} this mess would be over if they let capitalism do its job
[09:59] {patience} no kidding
[10:00] {nemo} never has happened
[10:00] {Threei} US) NOV WHOLESALE INVENTORIES: 1.5% V -0.3%E
[10:02] {Les} RIMM .20 b/d
[10:02] {fernp} ALL valid breakout, Vad?
[10:03] {fernp} daily is nice 31 break
[10:03] {Threei} yes
[10:03] {ese} out .55 -.13
[10:03] {nemo} well, nothing holding this market back
[10:04] {Threei} XING?
[10:04] {strider} whoosh!
[10:10] {strider} LDK
[10:10] {Threei} LDK Ticking higher, hearing takeover chatter circulating (7.96, +0.03, 0.38%)
[10:12] {dino} rog
[10:14] {dino} gap fill
[10:15] {Threei} US Labor Sec Solis: President Obama will speak about tax credits and other initiatives to jumpstart economy later today
[10:15] {Threei} - Note: The WSJ reported earlier that Obama was to discuss new funding for manufacturing operations at the post NFP press conference; scheduled for 2:40amET
[10:16] {Threei} new funding eh
[10:16] {dino} azz
[10:16] {Threei} so much for letting capitalism work
[10:16] {dino} sm l rog .00
[10:16] {Threei} they learn nothing... their logic is:
[10:16] {Threei} if we do something and it doesn't work - let's do more of it
[10:17] {dino} we need suppy side econ
[10:17] {dino} and my azz was a stock
[10:17] {nemo} not popular among lefties
[10:18] {strider} personally, I'm ambidextrous
[10:18] {dino} fcn\
[10:18] {nemo} time for the opposable thumb joke
[10:19] {dino} gpn beats, raises and falls
[10:20] {Threei} Long Setup: XING .70 break
[10:21] {Threei} .65 support for hardcore scalpers
[10:21] {Threei} .60 for day traders
[10:21] {nemo} huge orders .75
[10:21] {nemo} offers
[10:22] {strider} immu
[10:22] {Les} seed going momo?
[10:23] {Threei} IMMU Potential Lupus Drug Gains U.S. Patent
[10:23] {Threei} - The patent covers the use of monoclonal antibodies that bind to the CD22 antigen on B-lymphocytes
[10:23] {dino} rog stopped whooshed
[10:23] {strider} long XING .71
[10:23] {Threei} certainly trying
[10:23] {Threei} CYTX... grrr
[10:24] {Threei} it reestablished setup, wasn't watching it
[10:25] {Les} AIG .40 B/D?
[10:26] {Threei} I doubt it, feels rather like bounce to me
[10:26] {Les} K
[10:27] {fernp} SNSS mags
[10:27] {strider} big offers all the way down, XING
[10:27] {Threei} don't see any news SNSS
[10:28] {Threei} a lot of cheap crap flies high
[10:28] {dino} fcn sm l .00
[10:28] {Threei} bull market must be coming to an end
[10:28] {Les} insiders whipping up day traders appetite you mean?
[10:28] {fernp} no news here SNSS
[10:28] {dino} strike action imo, look at the 5s and 0s
[10:28] {Threei} insiders?
[10:29] {Les} whoever
[10:29] {dino} magoo out
[10:29] {Threei} you don't really think insider are buying CYCC at 4?
[10:29] {dino} no
[10:29] {Les} who is whipping up this feeding frenzy?
[10:29] {Threei} who cares?
[10:29] {Threei} why does it matter?
[10:30] {nemo} How the hell would you find out anyway?
[10:30] {Threei} and if you did, what does it change?
[10:30] {nemo} nichts, nada, zip, zed, zero
[10:30] {dino} les, nothing matters
[10:30] {nemo} nihilism
[10:30] {Threei} it's a well known phenomena:
[10:30] {strider} nihilism matters
[10:30] {dino} what you call me, :)
[10:31] {Threei} small caps, especially crappy ones with fundamentals of a broken fridge,un at the end iof the bull market
[10:31] {Threei} nothing new about that
[10:32] {Les} ok. that was what I was trying to understand
[10:32] {Les} how you could call possible end of bull market
[10:32] {Threei} you can't
[10:32] {Threei} not to the day or to the point
[10:33] {Les} but a good red flag for me to understand nonetheless
[10:33] {Threei} you build reasonable expectations based on experience and history, then you wait for technical formations to confirm
[10:33] {Les} k
[10:33] {dino} rog messed w/me
[10:34] {Threei} CYTX, how did I miss that
[10:35] {Threei} whew, finally
[10:35] {dino} end or correction? i see 7-10% dropis all
[10:35] {Threei} out DYAX 3.79
[10:36] {Threei} took way longer than I wanted
[10:36] {strider} you held it two nights.
[10:36] {Threei} yeah
[10:36] {Threei} 5K too
[10:36] {Les} I wish I had communicated with you for stop on DYAX.
[10:36] {Les} cost me a penny in stops
[10:37] {fernp} stopped XING
[10:37] {dino} rog last try sm l .99
[10:37] {Threei} yeah
[10:37] {strider} stopped 1/2 XING
[10:39] {Threei} DYAX may have remembered that it was assigned 9 target
[10:39] {strider} -.06
[10:43] {strider} long HOG .44
[10:43] {nemo} wouldn't be a day without it
[10:43] {Threei} lol
[10:43] {nemo} tck just goes
[10:43] {dino} lol
[10:44] {dino} ride that pig
[10:44] {strider} didn't trade it yesterday.
[10:44] {nemo} kiddin'?
[10:44] {strider} nope
[10:47] {dino} 4 years and i buy one, mid-life crisis planning
[10:47] {nemo} they'll be outlawed as....yuk yuk....gas HOGs
[10:47] {dino} lol
[10:48] {Threei} this is good idea dinio, why waste perfect middle life crisis
[10:48] {dino} already warned my wife
[10:48] {nemo} ah fdx bounced at 200 ma. it's there now
[10:48] {Threei} yup - red sport cabriolet and 23 years old blond mistress
[10:49] {Threei} that's my planning
[10:49] {strider} stopped HOG
[10:49] {dino} fdx crazy trader, 82-40 to 85 every day
[10:49] {strider} I"m not getting fills on Listed through Nasdaq.....
[10:49] {dino} -=.
[10:49] {nemo} fits you perfectly dino
[10:49] {strider} Help, Trev.
[10:50] {lasertrev} same as before?
[10:50] {nemo} place your order a couple of cents above on buys and a couple of cents below on'll get the best available price strider
[10:50] {strider} repeat: I'm not getting executions using nasdaq on listed stocks.
[10:51] {nemo} period?
[10:51] {strider} Trev, can you tell me how to set up options so that works.
[10:51] {lasertrev} pm
[10:51] {strider} If the best bid is not available on nas, I'm not getting it.
[10:52] {Les} vicious snapback from $ after this morns job reports
[10:52] {dino} zany
[10:54] {Les} fcx .34 b/o vad?
[10:54] {Les} hod
[10:54] {strider} Vad, didn't you say you used Nasdaq for listeds?
[10:56] {Threei} yes
[10:56] {Threei} why?
[10:56] {dino} out rog .40, +.41
[10:58] {ese} l bucy .55
[10:59] {ese} ouch......almost stopped in an instant
[11:00] {strider} Vad, I had only ARCA and INET checked under Route out. I thought that was routing out OF those ECNS. Trev tells me that it means any order will be routed TO those ECNs.
[11:01] {strider} Not much detail in the instructions on software.
[11:02] {dino} ttec
[11:02] {Threei} I have them all cvhecked
[11:02] {strider} So do I, n ow.
[11:02] {Threei} my orders swipe everything in sight
[11:02] {Threei} not discriminating agaionst anyone
[11:02] {strider} I misunderstood what checking the boxes did.
[11:03] {Threei} I don't even ytry to understand
[11:03] {dino} solid green scanners
[11:03] {Threei} I want everythin g to hit everything
06[11:03] * strider slaps Threei around a bit with a large trout
[11:03] {strider} Even that?
[11:03] {Threei} checking those boxes does just that
[11:03] {Threei} well
[11:03] {Threei} whatever rocks your boat
06[11:04] * Threei slaps strider around a bit with a large paddle for his boat
[11:04] {strider} XING could rock my boat, if it really wanted to.
[11:05] {dino} gpn wants to test lows
[11:05] {Les} AIG .25 b/d w .40 stop?
[11:06] {Threei} can't twell
[11:06] {Threei} not active enough
[11:06] {dino} odfl going for gap fill
[11:06] {Les} k
[11:07] {ese} stopped bucy .38 -.17 daaaaaaaaaaaaaaaa!!!!!!!!!!!!!1
[11:08] {dino} joyg took off
[11:09] {dino} ulta
[11:11] {ese} and ya know dino.......i was tossing up bucy and joyg......daaaaaaaaaaa!!!!!!!1
[11:11] {dino} they trade like "pulp"
[11:12] {dino} rinses
[11:12] {ese} definetly
[11:12] {dino} "pulp moves baby"
[11:14] {fernp} this time worked XING (same idea) ty Vad
[11:14] {Threei} :)
[11:14] {nemo} seed active again
[11:18] {ese} Lapol .59
[11:19] {strider} big offer at .80 XING
[11:19] {strider} would that cause you to exit at .79, vad?
[11:20] {Threei} depends... no straight answer
[11:20] {Threei} momo movers tend to eat those offers like they haven't had lunch in a week
[11:20] {strider} XING is momo?
[11:21] {dino} missed odfl by .08
[11:21] {Threei} started as such, look at around 10 am
[11:21] {strider} yeah
[11:22] {dino} fcn stopped -.35
[11:23] {Les} l fcx .71
[11:23] {Les} stop .60
[11:25] {dino} what the heck fcn
[11:26] {dino} same move rog did
[11:26] {Les} all out .80 +09. I see spy has some resistance to push through
[11:26] {strider} out -.03 balance of friggin XING
[11:26] {dino} jst contnues to recover
[11:28] {strider} dino, whatcha think of DMAN?
[11:28] {dino} you are d'man
[11:28] {Threei} rofl
[11:28] {strider} aw, geez
[11:28] {fernp} wow XING
[11:28] {dino} beat
[11:29] {nemo} fdx boys and girls
[11:29] {strider} XING blows
[11:29] {Threei} Logan Airport (Boston) temporarily closed due to Delta Connection airliner evacuation - CNN
[11:29] {Threei} - 28 people were on board; evacuation due to smoke in cockpit.
[11:29] {Threei} - Airport official comments that a suspicious smell in the incident may have been from de-icing fluid.
[11:29] {dino} i like it around 7.50 on a retest. that seems to be pattern today
[11:29] {strider} thx
[11:30] {strider} btw, you are D-Man
[11:30] {dino} at least thats how i'm getting rinsed
[11:30] {patience} would it be too much to ask for some definitive movement in the market today.....3 trades so far....all poor entries on my part....arghhhhhh!!!!!
[11:30] {dino} fdx wants that 82.40 area i mentioned earlier
[11:30] {dino} lol
[11:30] {strider} {--------------phoning in pizza delivery for patience.
[11:31] {patience} ty strider
[11:31] {strider} At least that will make you feel better.
[11:31] {dino} lol patience, last 3 days busy as hell here
[11:31] {patience} i'll eat it on the treadmill while i'm watching my trades lose money
[11:32] {strider} I'm 1 for 3 here...+ an overnight win.
[11:39] {Les} one day i'll learn to fade
[11:40] {Les} spy failed to break resistance, fcx went with it. sigh
[11:41] {ese} out apol .73 +.14 6k of the little buggars
[11:41] {dino} wtg
[11:42] {magoo} ello mates
[11:42] {ese} tks......bizzare couple of days here
[11:42] {ese} mmmmmmmaaaaaaagggggggoooooooo!!!!!1
[11:42] {Threei} hey mags
[11:43] {Threei} missed couple momos...
[11:43] {Threei} ICXT was totally for you
[11:43] {magoo} ya ya..had to plow
[11:44] {Threei} snow?
[11:44] {dino} who?
[11:44] {Threei} lol
[11:44] {magoo} no..women lol
[11:44] {nemo} reminds me of a joke
[11:44] {Threei} don't
[11:45] {nemo} just remember to edit around 11:45
[11:45] {nemo} I told it before anyway
[11:45] {dino} jst feels like it wants to explode up
[11:45] {nemo} joyg migh be long here ese
[11:45] {nemo} getting near lunch though
[11:46] {ese} tks nemo
[11:48] {nemo} there ya go ese
[11:48] {nemo} .15 or so 20k of the little buggers, you're golden
[11:50] {dino} jst
[11:50] {ese} nice move joyg nemo
[11:50] {nemo} pure price volume read
[11:51] {dino} gj nemo
[11:54] {nemo} gotta' head out for a little bit...folks...fdx been giving clear signals, it's been on a downward crossroads here
[11:54] {dino} cya
[11:54] {fernp} bye nemo
[11:56] {Les} thanks man
[11:59] {dino} fcn retry ,.01 sm l
[11:59] {fernp} when do you go to Bahamas, Vad? this weekend or the next one?
[12:00] {Threei} Thursday
[12:00] {fernp} k
[12:00] {Threei} and the week after is going to be a short one
[12:00] {Threei} so you are not even going to start missing me
[12:00] {fernp} :-)
[12:00] {Threei} before I as a bad dream is back
[12:01] {Threei} "I is" or "me are"? which is correct?
[12:02] {fernp} dont know, but i understand you :-)
[12:03] {strider} short AMZN .91
[12:03] {Threei} that should scare you fern
[12:03] {fernp} lol
[12:04] {Les} short AIG .30 for a daytrade stop .40
[12:04] {Threei} DYAX exit is 2 cent below high
[12:05] {Threei} how's that for precision
[12:05] {Les} it obviously forgot its price target
[12:06] {Threei} oh well... memory of a moth, even very karge moth, is still short
[12:06] {Threei} very large moth - reread The Best of Dino
[12:07] {Threei} which today got replenished with
[12:07] {Threei} [11:28] {strider} dino, whatcha think of DMAN?
[12:07] {Threei} [11:28] {dino} you are d'man
[12:11] {dino} lol
[12:13] {ese} l joyg .19
[12:14] {ese} out joyg .32 +.13
[12:15] {Les} nice one
[12:16] {dino} watching abfs, cnwe, odfl, as fdx took off
[12:16] {dino} also kss off of .00
[12:16] {dino} cnw
[12:17] {dino} odfl filled
[12:17] {dino} open gap that is
[12:18] {Les} AIG rinseout
[12:19] {Threei} look at all the crap rushing in with news:
[12:19] {Threei} HYGS Awarded development contract with Canadian Space Agency
[12:19] {Threei} - Contract is for the development of a next generation power system to be used for surface mobility ... (0.48, +0.04, 9.09%) more...
[12:19] {Threei} NEXM Provide corporate update
[12:19] {Threei} - expects to hear from Health Canada concerning the approvability of its New Drug Submission (NDS) f... (0.32, -0.00, -0.16%) more...
[12:19] {Threei} Market Internals update at 12:00pmET
[12:19] {Threei} - NYSE volume 410M shares, about 8% below its three-month average; decliners lead advancers by 1.4:1.
[12:19] {Threei} - NASDAQ volume 970M shares, about 8% above its three-month average; advancers lead decliners lead advancers by 1.2:1.
[12:19] {Threei} - VIX index -2.75% to just over 18.50
[12:19] {ese} tks nemo by the way for the heads up on joyg
[12:20] {Threei} what is the VIX all time low?
[12:22] {Les}
[12:22] {strider} 0
[12:22] {Les} 10 looks about it
[12:23] {dino} next week option exp. should get vix moving
[12:24] {patience} will be welcome
[12:25] {patience} silver wheaton up today after stopping me out yesterday....i'm in hudbay today which is snoring soundly.....oh sigh
[12:26] {dino} patience i had esi on tues. at 94, sold for slight loss, now over 100
[12:27] {strider} Maybe I'll follow Patience' lead, and move my exercise bike up from the basement.
[12:27] {patience} the problem in entries is me,i know how to read charts and movements
[12:28] {strider} AMZN can take a long time to work out.
[12:28] {patience} i'm on the treadmill now....2 hours during the market...might as well do something productive
[12:29] {dino} 2 mile walk every morning w/dog
[12:29] {dino} -5lbs since new year
[12:29] {strider} I've got some dumbbells here. Can only do so much of that.
[12:29] {strider} Your dog lost 5 lbs.?
[12:29] {Les} ?
[12:29] {dino} bowflex and treadmill in office
[12:29] {dino} lol
[12:30] {patience} setting up screens in front of treadmill so it doesn't obscure bnn was challenging
[12:30] {strider} My little office really isn't big enough for all that stuff.
[12:30] {dino} half to walk down hall, but at 4:00 bowflex
[12:30] {patience} i have rowing machine, bike, stairmaster, weights, treadmill.....i'm motivated
[12:30] {strider} Maybe I'll just think about patience on the treadmill. Think that will be as good?
[12:31] {dino} indeed
[12:31] {nemo} back, anybody get fdx break?
[12:33] {dino} fcn stopped again, off my screen
[12:34] {fernp} bizarre week
[12:35] {strider} don't much like this AMZN. Holding too well.
[12:38] {nemo} mos break .40?
[12:38] {nemo} although breaks at lunch....ehhh
[12:39] {strider} There you go, talking to yourself again.
[12:39] {nemo} volume right though
[12:39] {strider} AMZN bid at .37
[12:39] {nemo} only person with whom I can have an intelligent conversation
[12:40] {strider} harumph!
[12:41] {Les} fdx 84 b/d
[12:42] {nemo} frickin' mos breaking out at lunch like that
[12:43] {nemo} worth a try if this volume can't move the stock up...same caveat about lunchtime break down
[12:44] {nemo} qs and spy might break out though
[12:44] {Les} yeh can see that. will do dinner instead
[12:44] {strider} out AMZN .37 +.54
[12:45] {fernp} gj
[12:45] {strider} abs of steel.
[12:45] {dino} wtg
[12:45] {strider} thanks.
[12:49] {dino} gpn lod
[12:50] {strider} back in a few.
[12:54] {nemo} what a recovery UPS raising guidance cutting 1800 jobs
[12:55] {ese} ahhhh nemo your back.....thanked you earlier for the heads up on joyg.....went for the .20 break ..filled .19 sold .33
[12:55] {nemo} kewl
[12:55] {nemo} fdx had a nice break right after I left
[12:55] {ese} Q..all......
[13:01] {nemo} interesting chart bbby
[13:04] {Threei} AIG White House Pres Sec: US Treasury's Geithner was not involved in the AIG emails from the NY Fed; Geithner has the confidence of the President (29.20, +0.62, 2.17%) (related GS )
[13:04] {Threei} Hearing Lazard making positive comments on alternative energy names (timing uncertain) (related TAN FSLR TAN GRID ITRI YGE CREE )
[13:04] {dino} gpn sm l .71
[13:06] {fernp} CAT long cosolidation on highs
[13:10] {Threei} 59% Favor Racial, Ethnic Profiling For Airline Security
[13:14] {nemo} amzn back over the 132 threshold
[13:14] {nemo} will probalby test 133
[13:14] {nemo} 133.20
[13:15] {strider} you buyin?
[13:15] {nemo} no, I wasn't looking
[13:16] {nemo} last buyin would have been .90 but .35 stop too much
[13:18] {dino} gpn stopped -.24
[13:18] {Les} LVS
[13:19] {dino} plce hod
[13:20] {Les} AIG gave ideal b/d after rinseout.
[13:21] {dino} kss at trig
[13:21] {strider} this may be a goofy trade, but: long VE .37, for swing.
[13:21] {strider} stop under .00
[13:22] {strider} will appraise at eod, for o/n hold
[13:34] {ese} gotta go all....have a great weekend
[13:34] {strider} you too, ese.
[13:34] {Threei} take care ese, have a good one
[13:34] {strider} beat those drums.
[13:34] {fernp} bye ese
[13:34] {Threei} and drummers
[13:35] {dino} cya es
[13:35] {Les} bye ese
[13:35] {dino} dji wants green
[13:36] {Threei} Fed's Lacker: Commercial Real estate likely to be a sizeable drag on growth in near term; housing and auto sector no longer causing a drag for growth
[13:36] {Threei} that's a bild statement
[13:36] {Threei} bold
[13:37] {dino} what world does he live in
[13:37] {strider} I don't understand why SRS doesn't go up.
[13:37] {Threei} ummm
[13:37] {Threei} because market doesn't go dopwn?
[13:38] {Threei} what do you think SRS is? :)
[13:38] {nemo} financials are a big part of srs
[13:38] {strider} ultrashort real estate
[13:38] {nemo} has many of the components of skf
[13:38] {Threei} so why would it go up?
[13:39] {dino} reits have been doing very well
[13:39] {strider} because of lagging realestate?
[13:39] {dino} talking heads strider the big reits are rocking
[13:39] {strider} But isn't commercial doing poorly?
[13:40] {nemo} so isn't the economy...what's your point?
[13:40] {dino} not the stocks
06[13:40] * nemo slaps strider around a bit with a large trout
06[13:40] * nemo slaps strider around a bit with a large trout
[13:40] {dino} residential is the drag
[13:40] {strider} eat a fish, nemo.
[13:41] {nemo} that's cannabilism to me
[13:41] {strider} .what's your point?
[13:41] {nemo} har har har
[13:42] {strider} I keep watching SRS, and O (the stock) waiting for a dump. Just simple minded, I guess.
[13:42] {nemo} there's no reason for stocks to go down, no other alternatives
[13:43] {strider} live in igloos.
[13:43] {nemo} have to make new ones every year
[13:43] {strider} Or you could rent my rental house. IT's empty.
[13:45] {dino} strider, most of the big "commercial" real estate companies issued equity months ago, they are fine and moving up
[13:45] {nemo} besides...they know they'll get bailed out because they're backed up by the big banks
[13:45] {dino} it is the banks dumping the houses that remains the problem, imo
[13:46] {nemo} or not dumping them
[13:46] {dino} i think equity issuance took care of that nemo
[13:47] {nemo} yeah, they don't have to, so no write offs to reserve ratios
[13:49] {strider} OK.........obviously I don't understand such stuff.
[13:49] {nemo} Vad'll explain it to you
[13:50] {strider} you mean trades AND knows stuff?
[13:50] {strider} he
[13:50] {nemo} amazing fellow that Vad
[13:50] {dino} he's the wizzard of oz
[13:51] {Threei} I know no stuff
[13:51] {nemo} surely you jest
[13:52] {dino} gpn last try .50 sm l
[13:53] {strider} I think I'll start taking dino's trades that he calls "last try".
[13:54] {nemo} perfect volume formation
[13:56] {nemo} tck at support
[14:00] {fernp} FAZ, Vad?
[14:03] {Threei} looks tempting
[14:03] {dino} ftnt
[14:05] {dino} news ftnt?
[14:06] {Threei} nothing since Jan 6
[14:06] {dino} which wasn't much
[14:10] {Threei} Fed's Lacker; Must be careful on timing of withdrawal of monetary stimulus
[14:10] {Threei} Market Internals update at 2:00pmET
[14:10] {Threei} - NYSE volume 585M shares, about 8% below its three-month average; decliners lead advancers by 1.1:1.
[14:10] {Threei} - NASDAQ volume 1.43B shares, about 10% above its three-month average; advancers lead decliners lead advancers by 1.3:1.
[14:10] {Threei} - VIX index -4.5% to just over 18.00
[14:12] {Les} Vad, GS .10 b/d with .25 stop?
[14:12] {Threei} small shares
[14:12] {Threei} volatile one
[14:13] {ilana} HGSI b/d?
[14:14] {Threei} no idea... no read on tis one at all
[14:23] {strider} ebitda.......sounds like Elmer Fudd talking.
[14:23] {dino} cnw sm l .00
[14:25] {dino} wow selleres at .00 gpn
[14:25] {nemo} yeah
[14:25] {dino} buyers too, lol
[14:25] {dino} thing is scrolling
[14:26] {nemo} which ones are the saps?
[14:27] {dino} not i, i hope
[14:27] {strider} you long, dino?
[14:29] {dino} yes from .50 posted above
[14:29] {strider} good deal.
[14:29] {dino} can't get thru .00
[14:29] {strider} gonna have to buy more.
[14:30] {dino} stop to .97
[14:30] {nemo} lotta buying of bid, but supply keeps coming
[14:30] {Les} out GS -.03. botched the entry. don't like it jumping around like a jelly bean
[14:30] {strider} there ya go.
[14:31] {dino} :)
[14:32] {dino} to .06
[14:32] {nemo} why not .00?
[14:33] {dino} a .10 same thing
[14:33] {dino} stopped +.56
[14:34] {dino} ftnt fell w/o me, wanted re-test
[14:34] {strider} gj
[14:35] {dino} ty
[14:35] {fernp} i like your stops, dino gj
[14:40] {dino} thx
[14:42] {strider} where is the close today, higher or lower?
[14:44] {dino} here
[14:44] {dino} vad, how'd we miss cal short?
[14:44] {strider} vad's already in the Bahamas.
[14:45] {Threei} I wish
[14:45] {strider} in thought.
[14:45] {dino} clw
[14:46] {dino} thin
[14:46] {strider} no news here
[14:46] {Threei} it looks bottoming to me dino
[14:46] {Threei} CAL
[14:49] {dino} maybe, not really moving tho
[14:49] {dino} fcn capit phase maybe
[14:49] {strider} move VE stop to .35, entry .37
[14:50] {Threei} with market still locked, no clear play, but may forma range, say 20-20.07
[14:50] {dino} agree, w/size and lod stop
[14:52] {strider} Schwarzennegger will ask Washington for %.9B in aid.
[14:52] {strider} 6.9
[14:52] {dino} plce triggered
[14:53] {fernp} Have a nice weekend everybody. See you all on Monday.
[14:53] {dino} theres .07
[14:53] {Threei} take care fern
[14:53] {strider} adios, fern.
[14:53] {Les} bye fern
[14:53] {dino} u2 fern
[14:53] {nemo} vaya con...
[14:54] {strider} Vad, curious thing on VE. Lots of buying above BO. Very slow stock, so don't understand why.
[14:54] {Threei} let me observe
[14:56] {nemo} what time the rally start Dino?
[14:58] {Threei} Key West temperatures break 131 years old record low
[14:59] {strider} I think maybe somebody was buying at market.
[15:00] {dino} 3:05-3:20, but i think we close about here
[15:00] {Threei} Fed's Lacker: Favors asset sales in exit policy; but it is possible that the interest rate on excess reserves could act as new policy target - comments to reporters
[15:00] {Threei} - Notes Fed is still discussing which tools and what sequence would be best for exit strategy.
[15:00] {Threei} - Low and stable inflation is the best environment to foster growth.
[15:00] {Raven} lots of broked pipes in Key West I bet
[15:00] {dino} global warning, lol. we'
[15:01] {Raven} broked?
[15:01] {Raven} jeeze
[15:01] {nemo} thangy
[15:01] {Threei} contagious, aren't we
[15:01] {strider} I didn't want to say anything.
[15:01] {nemo} o.k. cracking a bottle of something
[15:01] {patience} get that bird a martini
[15:01] {strider} figgured it was a Michigan thing.
[15:01] {nemo} cognac
[15:01] {nemo} works for me
[15:01] {Raven} yes ... patience !!!
[15:02] {nemo} I got a shotgun? :)
[15:02] {dino} had one last night watching tv
[15:02] {Raven} I have several shotguns
[15:02] {strider} Do Ravens eat crow?
[15:02] {nemo} skip it...go with the heavy barrel model 70 in '06
[15:02] {Raven} occasionally
[15:03] {dino} i was talking maryini
[15:03] {Threei} who would want a heavy barrel model
[15:03] {dino} ]martini
[15:03] {nemo} long distance work
[15:03] {Raven} a goose hunter'
[15:03] {dino} but yeah, couple shotguns too
[15:03] {nemo} started snowing like hell here
[15:04] {nemo} 10 gauge?
[15:04] {dino} we had 3" of snow last night nemo, sending it to yoiu
[15:04] {patience} my waterfront back garden is forming again
[15:04] {nemo} 31/2"
[15:04] {Threei} US) Nov Consumer Credit (y/y): -$17.5B v -$5Be (10th straight decline)
[15:04] {Threei} - prior revised from -3.5B to -4.2B
[15:04] {strider} There, vad. Offer was at .38, sale at .389
[15:04] {Threei} yup, see it
[15:04] {Threei} just lkate prints I think
[15:04] {Threei} late
[15:04] {strider} Oh.
[15:05] {Threei} 9/10 of a cent
[15:05] {Threei} who cares
[15:05] {strider} {-------consulting Nostradamus for esoteric meaning.
[15:05] {nemo} of what?
[15:05] {strider} pay attention.
[15:06] {strider} out of market sales.
[15:06] {nemo} palm up big
[15:06] {nemo} didn't get the nostradamus relationship
[15:07] {strider} wasn't any.
[15:07] {Les} anyone have a name for MS' chart formation?
[15:07] {strider} pointy thing.
[15:07] {Les} teepee? Mountain?
[15:07] {Threei} yup... cobra's hood
[15:07] {Raven} pointy thang?
[15:07] {nemo} that
[15:07] {nemo} that's impressive
[15:08] {Threei} pointy thong?
[15:08] {Raven} hmmmm
[15:08] {nemo} must be friday...we're losing it
[15:08] {nemo} lets see if amzn makes a liar out of me and doesn't make it to
[15:13] {dino} there's your rally nemo
[15:13] {Threei} guess who is on TV
[15:13] {nemo} Nancy Kerrigan
[15:14] {strider} Conway Twitty?
[15:14] {nemo} Shania Twain
[15:14] {strider} and the Twitty Birds?
[15:14] {Les} Og Mandino?
[15:14] {Les} haha you know its friday
[15:14] {nemo} I'll have to look that one up
[15:15] {Threei} hah
[15:15] {Threei} create jobs that "can't be outsourced"
[15:15] {nemo} GFL
[15:15] {dino} lol
[15:16] {strider} short GFL, .00
[15:16] {Les} FAS is range bound. Might be topping out here. or b/o
[15:16] {strider} Vad, any news on Palm?
[15:17] {Threei} nothing fresh
[15:18] {Threei} US President Obama: Jobs report today highlights that the Road to recovery is 'never straight'; confirms Clean Energy initiative
[15:18] {Threei} - highlights DOE plan announced earlier for $2.3B in job credits designed to create 17K jobs
[15:18] {Threei} - Reminder: Recovery Act investments of up to $2.3B for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4B in private sector funding likely supporting up to 41,000 additional jobs.
[15:18] {strider} thks
[15:20] {dino} a whole 17k jobs, joke
[15:20] {Threei} at the price tag about 13-14K per job
[15:21] {dino} guys' an idiot
[15:21] {Threei} so, let's see... US lost this year how many jobs?
[15:21] {Threei} about 15 mil?
[15:21] {Threei} multiply that
Session Close: Fri Jan 08 15:22:06 2010

Session Start: Fri Jan 08 15:22:06 2010
Session Ident: #discussions
02[15:22] * Disconnected
02[15:27] * Attempting to rejoin channel #discussions
03[15:27] * Rejoined channel #discussions
[15:27] {Threei} lost connection
[15:30] {strider} Better than lost in translation.
[15:31] {nemo} Scarlett Johanssen
[15:31] {strider} Though that was a very good movie.
[15:31] {strider} YES.
[15:31] {strider} And one of my favorites......A Love Song for Bobby Long.
[15:31] {strider} Johanssen.
[15:31] {nemo} oh yeah, that was good
[15:32] {dino} hottie
[15:32] {dino} jst c'mon
[15:32] {nemo} understatement
[15:32] {nemo} jeezus, amazon's gonna make a liar out of me by .03
[15:33] {strider} Maybe not. AMZN tries to have a price that's right for everyone.
[15:34] {dino} out jst .61, +.61
[15:34] {strider} you're rockin today dino.
[15:35] {dino} just lucky
[15:35] {dino} lots of big moves, my kind of trading
[15:36] {ilana} lol, lucky... love when you say that every single winning trade
[15:36] {dino} you know what i think larisa
[15:36] {ilana} almost larisa
[15:36] {dino} profits = luck, losses = skill
[15:36] {dino} oops sorry ilana
[15:37] {dino} eyes tired
[15:37] {strider} there was a print of .38 with .35 as offer.
[15:37] {strider} VE
[15:38] {strider} Must be late.
[15:38] {nemo} there it is
[15:38] {dino} long week
[15:38] {strider} Is that common?
[15:38] {dino} c'mon plce
[15:38] {Threei} Market Internals update at 3:30pmET
[15:38] {Threei} - NYSE volume 735M shares, about 12% below its three-month average; decliners lead advancers by 1.1:1.
[15:38] {Threei} - NASDAQ volume 1.8B shares, about 7% above its three-month average; advancers lead decliners lead advancers by 1.3:1.
[15:38] {Threei} - VIX index -3.75% to just under 18.50
[15:39] {Les} woha pimp my market
[15:40] {strider} There's your AMZN price, nemo
[15:41] {strider} something for everyone.
[15:41] {nemo} [15:38] {nemo} there it is
[15:41] {strider} oh, well.
[15:42] {dino} plce to .25
[15:42] {dino} now somebody give cnw a boost
[15:42] {Threei} Short Setup: CYCC 2.98 break
[15:43] {dino} nemo, i was wrong on rally
[15:44] {nemo} we both knew it was coming
[15:44] {dino} did not expect this much
[15:45] {nemo} I did...what is the most frustrating thing at the end of a long week of grinding up
[15:45] {nemo} rally
[15:45] {dino} hmmm, i was thinking empty bottle
[15:45] {nemo} that's easy to remedy
[15:45] {dino} to .30
[15:46] {dino} out plce .30, +.30
[15:46] {strider} luv dem roun numbas
[15:47] {Threei} {roun numba} we luv you too stridee
[15:47] {dino} i don't think cnw has it in it
[15:48] {strider} thankee, vad.
[15:49] {dino} lol had open buy order on clw still in, just saw it (54.75)
[15:50] {dino} 181 eagle classic rock, really good today
[15:51] {dino} cnw to .07
[15:53] {ilana} cycc - classic salmon, nice one, vad
[15:53] {dino} out +.07
[15:53] {dino} lunch $
[15:53] {Threei} too close to eod ilana
[15:54] {ilana} yup, no time for development
[15:54] {patience} another flat day....
[15:55] {dino} up 5 in row, but running light still
[15:55] {dino} deck
[15:55] {ilana} "light"?
[15:55] {nemo} not making his numbers
[15:55] {ilana} ooooh
[15:55] {dino} yeah, about 65% of min.
[15:56] {dino} gave too much back m, w, th
[15:57] {patience} geither/aig story has legs...let's see spin on this over the weekend....something to cheer me up :)
[15:57] {Threei} I will drink happily when he is kicked out
[15:57] {dino} maybe spitzers gal is involved
[15:58] {dino} nemo you had fdx dialed. never hit my 82.40
[15:59] {patience} honestly, alternative energy announcement today made me laugh out loud, talk about Rome burning
[15:59] {Les} guess Americans didn't want to be left behind European initiative to create trans continental grid
[16:00] {dino} he doesn't get reality patience. he'd rather thos than get people working. this stuff costs jobs
[16:00] {Les} ty vad. bon weekend a tous
[16:01] {dino} very simple solution, cut regulations, stop thios heath care bill, lower taxes (or as john galt would say, "get out of the way")
[16:01] {patience} et vous Les
[16:01] {Threei} thank you all
[16:01] {Threei} have a good weekend
[16:01] {magoo} u 2 vad
[16:01] {nemo} P&Q
[16:01] {strider} thanks, vad. see you monday
[16:02] {Threei} "get out of the way" is exactly it dino
[16:02] {Threei} and exactly what they'll never do
[16:03] {dino} seriously, all of these new regulations, unbelievable. i have buddies that employ 20-30 each and they are not hiring because of these new costs (heath, cap & trade, higher taxes, etc)
[16:05] {Threei} only crazy would risk expanding in this climate
[16:05] {dino} exactly
[16:05] {dino} anyway, gotta hop, take care all

Labels: , , ,

Thursday, January 7, 2010

Jan 07 2010

Market behaved better today and there were easier plays around. Not very active at the moment but that's normal for the transition period. CYCC was major entertainment of the day.

Session Time: Thu Jan 07 00:00:00 2010

[08:17] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:17] {Threei} - Expectations for initial claims are 439K v prior release of 432K (range seen from 400K to 455K)
[08:17] {Threei} - Continuing claims seen at 4.975M v prior 4.981M (range seen from 4.900M to 5.150M)
[08:21] {Threei} 07:01 VVUS Phase II study of Qnexa shows statistically significant improvements in obstructive sleep apnea
[08:21] {Threei}
[08:22] {Threei} Qnexa-treated patients also experienced significant weight loss, improvements in blood pressure, and overnight blood oxygen levels
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 434K V 439KE
[08:30] {Threei} CONTINUING CLAIMS: 4.80M V 4.975ME
[08:30] {Threei} - Prior Initial Claims revised from 432K to 433K
[08:33] {nemo} tjx
[08:38] {nemo} gme
[08:46] {fernp} Good morning everybody
[08:47] {nemo} hola fern
[08:47] {fernp} hi nemo
[08:47] {strider} morning guys.
[08:48] {nemo} what's the spanish word for king?
[08:48] {fernp} rey = king
[08:48] {nemo} ty
[08:48] {Threei} fern, strider :)
[08:52] {nemo} well, that news wasn't so supportive of vvus
[08:53] {nemo} shld
[08:53] {nemo} up $13
[08:54] {Threei} SHLD Reports Dec SSS +0.4%; Guides Q4 EPS $3.36-4.06 v $2.70e
[08:54] {Threei} - Guides FY10 EPS $1.61-2.29 v $1.40e
[08:54] {nemo} same store sales are down
[08:55] {nemo} retailers definitely cranking
[08:55] {nemo} except for gme
[08:57] {nemo} amzn hanging at that critical 132 level
[08:59] {strider} what's critical about it?
[08:59] {nemo} it's a major support area
[08:59] {Threei} it just likes to criticize everyone passing by
[09:00] {nemo} you get minor violations, but they've always bounced back above
[09:00] {strider} k
[09:00] {strider} now showing inverse h&s on 5 min.
[09:01] {nemo} look on a 30 minute chart going back to 11/12
[09:01] {strider} not counting premarket this morning.
[09:02] {nemo} that's o.k. too
[09:03] {nemo} minor violations aren't what I'm looking at
[09:09] {nemo} shld looking short here
[09:10] {dino} gm all
[09:10] {nemo} dino retail stocks all ripped or chopped...gme might be your type
[09:11] {Threei} dino :)
[09:12] {ese} morning
[09:13] {dino} one my screen, tjx, bbby, cost, too
[09:13] {dino} gme around 18 thinking
[09:13] {dino} tjx pretty good report, may do a bbby
[09:14] {Threei} ese :)
[09:16] {ese} morning vad
[09:18] {Threei} morning frost in Florida
[09:18] {Threei} don't you love global warming
[09:18] {nemo} gld break of 111?
[09:19] {nemo} climate change Vad
[09:19] {nemo} what's on your screens vad?
[09:19] {Threei} nothing really exciting so far
[09:20] {ese} short orange juice futures
[09:20] {Threei} (CH) World Bank: Revaluation of the Yuan will be slow and will ultimately depend on China's domestic economy
[09:21] {lasertrev} gm
[09:21] {Threei} TASR, keep half eye
[09:21] {nemo} hi lari:) trev:)
[09:21] {Threei} trev :)
[09:21] {larisa} gm :)
[09:21] {Threei} larisa :)
[09:21] {larisa} vad, nemo :)
[09:28] {fernp} GME big gap down
[09:31] {Threei} DNDN Roth Capital Initiates DNDN with Buy, price target: $50
[09:33] {Threei} DRYS Nordea raised to Buy from Sell (6.39, +0.03, 0.47%)
[09:33] {Threei} DNDN momo
[09:34] {ese} dndn .60 break vad?
[09:35] {Threei} ese, your DRYS getting attention... .50 break is probably the launch of the next stage of serious moive
[09:35] {Threei} no real teechnicals on this kind of stocks, DNDN..
[09:35] {Threei} and they are much better buys on pullbacks than on breakouts
[09:36] {nemo} drys offer pile up at .45
[09:37] {nemo} see amzn strider
[09:38] {nemo} should bounce here for a second
[09:38] {strider} THOR
[09:38] {Threei} SOMX Ticks higher as media interview with CEO circulates in which he comments that the company is still working with FDA toward approval of its Silenor treatment for insomnia
[09:39] {strider} dndn
[09:40] {nemo} amzn probably going to 129.80 or so
[09:41] {fernp} DRYS .51, Vad?
[09:41] {Threei} I think so but it's not a fast one
[09:41] {Threei} rather a swing trade type
[09:41] {fernp} stop .40 is correct?
[09:42] {ese} spil
[09:42] {ese} .55 break?
[09:43] {Threei} probably fern... this is somewhsat different type of play
[09:43] {Threei} SPIL is a torturer ese
[09:44] {Threei} CELL Announces agreement with HTC for logistics services
[09:44] {Threei} - ubsidiary, Brightpoint North America L.P. ("Brightpoint"), has entered into an agreement with HTC ... (6.75, +0.11, 1.66%) more... (related 2498.TT )
[09:44] {nemo} amzn bounced at 129.90
[09:45] {Threei} ICXT Hearing more speculation that the company could get new orders from the TSA (8.30, +0.59, 7.65%)
[09:47] {ese} i see what you mean with spil.......sheesh
[09:48] {Threei} STLD Hearing renewed takeover chatter circulating
[09:48] {Threei} - Nucor rumored as a potential acquirer (19.39, -0.11, -0.56%) (related NUE )
[09:48] {dino} scanners red
[09:49] {dino} gme double bottom or drop?
[09:49] {nemo} yes
[09:49] {Threei} drop is more likely IMO
[09:49] {dino} lol, waiting at 18.50s
[09:50] {nemo} looks weak
[09:50] {dino} meli drop
[09:50] {ese} what was the news on gme dino
[09:50] {dino} missed and lowered
[09:50] {larisa} slashed outlook
[09:50] {Threei} outlook sued
[09:50] {ese} short at .50?
[09:51] {Threei} ZIXI... now, that's something I didn't expect to me anywhere
[09:51] {dino} watching vmi again -3.50 yesterday
[09:51] {nemo} $ up big
[09:52] {dino} cal, uaua up
[09:53] {strider} cost
[09:53] {fernp} no go DRYS for me
[09:53] {dino} trades like wmt
[09:53] {dino} sks good and down
[09:54] {ese} l dndn .31
[09:54] {ese} lousy fill
[09:54] {dino} dji wants -100+ gut sats
[09:55] {dino} plce gives back
[09:56] {strider} APWR
[09:56] {ese} loosing my touch...should have been out at .40
[09:57] {Threei} entry was seriously high ese
[09:58] {dino} hit a guy when he's down vad
[09:58] {fernp} BIG .70 break, Vad? holding on highs
[09:59] {ese} ya went for .22/.21 and it gave me .31 tick me off
[09:59] {nemo} market order?
[09:59] {Threei} I doubt it fern
[09:59] {dino} forgot one, meli just filled sm l .30
[10:00] {Threei} ese... no way for market orders on such volatile stock
[10:00] {Threei} recipe for disaster
[10:00] {ese} out dndn ..10 -.21
[10:02] {fernp} ANN short .84?
[10:02] {Threei} looks right
[10:02] {ese} dino what are you thinkin with gme?
[10:02] {dino} 19.60 ,aybe long
[10:03] {dino} wanted 18.50s
[10:03] {ese} nice
[10:04] {dino} not in
[10:04] {strider} short .ANN .74 partial fill
[10:05] {nemo} pivot support at .81 on ann
[10:05] {strider} thx
[10:05] {nemo} id yo mean partial fill at .84?
[10:06] {nemo} did you
[10:06] {strider} yes, 74 sh.
[10:06] {Les} you got a lousy fill st
[10:06] {strider} at .84
[10:06] {Les} I'm short .83
[10:06] {strider} typed it wrong. I"m at .84
[10:06] {Les} I know
[10:08] {nemo} you're learning the wrong things from Vad
[10:08] {strider} whtsopkyoiumean bye tat?
[10:08] {Les} lol
[10:10] {strider} stop ANN .94
[10:10] {strider} break
[10:12] {strider} stopped
[10:12] {fernp} ANN no go
[10:13] {Les} nup
[10:14] {dino} fdx wkly lows
[10:14] {Threei} ZIXI is irritating
[10:15] {fernp} HIG still on highs
[10:16] {dino} abfs sm l .54
[10:17] {Threei} EU) EU President Von Rompuy: EU long term funding outlook not bright
[10:17] {Threei} - Lower growth potential will be a result of the recent crisis
[10:17] {dino} too soon
[10:17] {Les} gld range bound. looking for b/d
[10:19] {Les} aggressive entry for .65 b/d vad? GLD
[10:20] {dino} lnce holds well
[10:20] {dino} beat up yesterday
[10:20] {Threei} this is one short that worked for me like one out of 5
[10:20] {Threei} chart wise - yes; record wise for this stock - no
[10:20] {Les} ok. don't want risk
[10:20] {Threei} make your pick
[10:20] {dino} vad, cal
[10:21] {Threei} can't bring myself toi go long on that dino, lol
[10:21] {Threei} and don't see any reason to short
[10:21] {dino} taunting me to short it
[10:22] {dino} had to hang up on it
[10:23] {nemo} Hey Raven...whaddya' use to defrost your wings before takeoff
[10:23] {dino} hot sauce
[10:23] {Threei} martini
[10:23] {Threei} look at UAUA
[10:24] {dino} right next to cal
[10:27] {Threei} CBAK Ticking higher on chatter could receive large contract (3.02, +0.14, 4.86%)
[10:27] {strider} long COST .64
[10:28] {dino} odfl sm l .00
[10:28] {dino} damn triggers not following thru
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 250M shares, about even to its three-month average; decliners lead advancers by 2 1:1.
[10:31] {Threei} - NASDAQ volume 500M shares, about 2% above its three-month average; decliners lead advancers by 1.6:1.
[10:31] {Threei} - VIX index +2% to just over 19.50
[10:31] {nemo} stomach turning volatility
[10:33] {Threei} DNDN will never stop
[10:33] {Threei} where is magoo
[10:33] {Threei} this is his stock
[10:33] {dino} hunting
[10:34] {fernp} HIG if breaks .50 , Vad?
[10:34] {ilana} AONE
[10:34] {Threei} chart wise or record wise? :)
[10:34] {fernp} record wise no, pls :-)
[10:35] {Threei} chart is right... sucvcess rate on it with this kind of setups is poor
[10:36] {fernp} i'll pass
[10:38] {dino} tin
[10:39] {ese} spil........when your right vad your definitely right
[10:40] {Threei} hey, it's up 4 cents
[10:42] {strider} news on TIN? none here.
[10:42] {Threei} TIN Hearing Buckingham downgrades rating to Neutral from Buy (timing uncertain) (21.23, -1.42, -6.27%)
[10:42] {Threei} VIVUS, Inc Ticking higher after pre market data is addressed on CNBC
[10:42] {Threei} - CNBC's Huckman also mentions DNDN on no news, speculates new information may upcoming with conference next week
[10:44] {Threei} fern... I have a brilliant trading idea
[10:44] {fernp} tell me
[10:44] {Threei} come on, you can guess easily
[10:44] {Threei} hint: price is 14.50
[10:45] {fernp} to buy AGAM
[10:45] {Threei} there
[10:45] {Threei} can you believe after all thiese months it's stalled at that sdame 14.50 again
[10:45] {fernp} i cant look at it
[10:46] {dino} feel the noise
[10:46] {dino} giddy-up
[10:46] {dino} mstr
[10:46] {Les} what happened with AGAM fern?
[10:48] {fernp} HIG hit my 1:1
[10:48] {strider} DJ, SPY green
[10:48] {fernp} without me
[10:48] {Threei} that's because you didn't enter
[10:48] {nemo} nothing can keep this market down
[10:49] {nemo} interesting though, look at BBBY even in the spike
[10:49] {fernp} i should take some days off
[10:49] {fernp} yes Vad, lol
[10:49] {ese} l vvus .01
[10:49] {Les} pivot points are an interesting addition Nemo. Watching AMZN bouncing like a pinball between MA's and pivot points
[10:49] {dino} out vmi .38, +.58
[10:50] {dino} out meli .30, +1.00
[10:50] {larisa} gj
[10:51] {strider} hot dang, dino!
[10:51] {dino} lucy
[10:51] {dino} lucky
[10:51] {strider} rather be lucky than smart.
[10:52] {Threei} see what I meant about DRYS being different stock?
[10:52] {ese} out vvus .08
[10:52] {ese} 6k of it
[10:52] {dino} me too
[10:52] {Threei} it's not a trader's stock really
[10:53] {ese} great minds dino
[10:53] {dino} lol
[10:53] {Threei} VVUS is trying to gain traction
[10:53] {Threei} after lucklustre start
[10:54] {fernp} no
[10:54] {fernp} sorry, wrong window
[10:55] {ese} pullback or .20 break vad VVUS?
[10:55] {Threei} DRYS Block of 1.05M shares trades at $6.58 (6.54, +0.18, 2.83%)
[10:56] {Threei} feels like a momo candidate ese
[10:56] {Threei} can do 10.50 easily
[10:56] {ese} L .20 vvus
[10:56] {Threei} and with any luck, 11 is not out of question
[10:57] {ese} out vvus .24
[11:00] {Threei} Long Setup: VVUS .10 break if stays above 10
[11:01] {ese} l vvus .11
[11:01] {strider} me too
[11:01] {nemo} yep
[11:02] {Threei} for hardcore scalpers stop is .05
[11:02] {Threei} and those got 1:1
[11:02] {Threei} 1:1 for the rest
[11:02] {Les} ty. out +.09
[11:02] {nemo} 1/2 out
[11:02] {Threei} me too
[11:02] {ese} out vvus .20 +.09
[11:02] {Threei} and stop to .05
[11:02] {dino} gj
[11:03] {nemo} out or 1/2 out vad?
[11:03] {Threei} 1/2
[11:03] {Threei} and stop to .05
[11:03] {nemo} amzn testing lowss
[11:03] {Threei} ENER...
[11:04] {fernp} .ty Vad
[11:04] {Threei} welcome
[11:04] {nemo} stop
[11:04] {Threei} Intel Corp To mass produce 32nm i7 processors
[11:04] {Threei} - Intel Corporation introduced its all new 2010 Intel Core family of processors today, delivering unprecedented integration and smart performance, including Intel Turbo Boost Technology1 for laptops, desktops and embedded devices.
[11:04] {nemo} fern wins
[11:05] {Threei} he does have this nasty habit, doesn't he
[11:05] {ese} great pullback call on vvus....tks
[11:05] {Threei} this is the only safe way to play these momo movers
[11:05] {Threei} they are much more likely to fail on breakouts
[11:06] {strider} stop -.05 COST
[11:06] {Threei} BAC Remain modeslty overweight financials, but not pounding table - Credit Suisse 2010 Financials outlook call (16.83, +0.44, 2.68%)
[11:06] {nemo} amzn bounced right at pivot support
[11:06] {Threei} new way to call them
[11:06] {Threei} pounding table or no pounding table
[11:07] {nemo} any volume readings vad?
[11:07] {Threei} Market Internals update at 10:30amET
[11:07] {Threei} - NYSE volume 250M shares, about even to its three-month average; decliners lead advancers by 2 1:1.
[11:07] {Threei} - NASDAQ volume 500M shares, about 2% above its three-month average; decliners lead advancers by 1.6:1.
[11:07] {Threei} - VIX index +2% to just over 19.50
[11:08] {dino} abfs to .82
[11:08] {dino} odfl to flat
[11:09] {magoo} ksf;jlrj;j;kta;ka
[11:10] {strider} no kidding?
[11:10] {nemo} crissakes, just had a visual of magoo in a grass skirt, bone through his nose, spear in hand...oy vay
[11:10] {Threei} mg,dltu* gjsnour:kg,if
[11:10] {magoo} really?
[11:10] {Threei} I am sure
[11:11] {magoo} wayched a 1932 movie about rasputin last night, was looking for u vad as an xtra in the crowd
[11:11] {nemo} owww
[11:11] {Threei} extra???
[11:12] {Threei} who do you think he was?
[11:12] {magoo} u know...movies hire xtra people to make the scene of a crowd
[11:12] {Threei} no, never mind... I swore never to tell my real age
[11:13] {nemo} bbby 43.00 break huge offer
[11:13] {Threei} and made both Zaratustra and Nostradamus peromise not to tell eithwer
[11:14] {Threei} ENER starts looking serious
[11:14] {Threei} thought of .35 break when mentioned it first time
[11:15] {Threei} too bad didn't have enougbh confidence in it
[11:15] {magoo} LVS launch on volume here
[11:15] {dino} out odfl flat
[11:15] {Threei} ICXT Price Target raised to $10 from $8 at Dougherty (timing uncertain) (8.13, +0.42, 5.45%)
[11:15] {dino} out abfs .86, +.32
[11:18] {strider} TASR near high
[11:18] {Threei} good spot LVS mags
[11:19] {magoo} ya ya ..thats what i do
[11:19] {Threei} (US) EPA proposes new smog restrictions, sees cost of implementation at $19-90B
[11:19] {Threei} - Standard would dictate 0.060/0.070 ppm over eight hours, for the strictest limitations seen to date
[11:19] {Threei} what's 19-90 B more between friends
[11:21] {ese} l tlab .11
[11:21] {nemo} bbby offers at 43 keep building
[11:21] {strider} big AMZN seller at .35
[11:21] {Threei} Long Setup: ENER .50 break
[11:23] {fernp} 45 stop?
[11:23] {Threei} or .40
[11:25] {ese} invallidated?
[11:26] {nemo} for scalpers
[11:26] {Threei} as extreme scalp yes
[11:26] {nemo} o.k. fern
[11:26] {Threei} wioth .40 as support, not yet
[11:27] {ese} ener call still good?
[11:28] {magoo} LVS might get going vad, watch it
[11:28] {nemo} interesting action bbby last few minutes, somebody slamming stops
[11:28] {Threei} yes ese
[11:30] {Threei} TASR
[11:31] {ese} you realize of course they have pink tasers for improve market share
[11:32] {nemo} pink pepper spray and mace too
[11:32] {Threei} didn't know that
[11:32] {ese} nothing like being pinked
[11:32] {Threei} but hey
[11:32] {Threei} whatever works
[11:32] {dino} plce interesting
[11:32] {ese} yup....if it makes me some money....i'm all for it
[11:36] {ese} ese's brother here in victoria watching live............ impress me
[11:36] {ese} soorry he's out of control
[11:36] {ese} he typed that in before i could wrestle him to the ground
[11:36] {Threei} TASR... if chews through this 6 - 6.05 level
[11:36] {nemo} amzn testing lows
[11:36] {Threei} has a chance for momo
[11:36] {Threei} very shaky stock
[11:37] {Threei} a lot of hard feelings about it
[11:37] {Threei} a lot of overhead hapopy to dump into any spike
[11:37] {ese} ?
[11:37] {strider} some people find it electrifying.
[11:37] {Threei} it disappointed many ese
[11:37] {nemo} rim shot please
[11:37] {fernp} ENER still valid, Vad? too slow, no?
[11:38] {ese} ba dap bap
[11:38] {Threei} went from everyone's darling to total piece of crap
[11:38] {strider} AMZN new low
[11:38] {Threei} it can be frighteningly fast when it gets going fern
[11:38] {Threei} by its nature it's not a slkow stock at all
[11:39] {strider} silkow?
[11:39] {strider} slow.
[11:39] {strider} ah
[11:39] {Threei} there
[11:40] {Threei} studying Threeish pays off
[11:40] {Threei} ENER is invalidated for now
[11:41] {ese} vad dcc please
[11:42] {strider} long AMZN .81
[11:43] {strider} meant .84
[11:46] {nemo} amzn should bounce around .35
[11:47] {Threei} Long Setup: DNDN .30 break
[11:49] {nemo} in
[11:49] {strider} in .31
[11:49] {ese} in
[11:49] {fernp} stop?
[11:49] {nemo} stop .20
[11:49] {Threei} under .20
[11:55] {Threei} did I really just hear this on TV
[11:56] {Threei} a woman claims she had a gut feeling about upcoming market crash, now companies pay big bucks for her consulting services
[11:57] {Threei} let's tighten DNDN to under .25, I am no fun of these long pauses
[11:58] {nemo} lunch time
[11:59] {Threei} Britain Copes with Most Brutal Winter in Decades
[11:59] {strider} stopped AMZN -.22
[11:59] {nemo} where's Al Gore
[12:01] {Threei} Market Internals update at 12:00pmET
[12:01] {Threei} - NYSE volume 465M shares, about 4% above its three-month average; decliners lead advancers by 1 2:1.
[12:01] {Threei} - NASDAQ volume 970M shares, about 7% above its three-month average; decliners lead advancers by 1.1:1.
[12:01] {Threei} - VIX index -0.75% to just over 19.00
[12:03] {fernp} can you use your boots, Vad?
[12:04] {nemo} no
[12:04] {nemo} lunch time
[12:04] {nemo} nobody there to kick
[12:04] {fernp} lol
[12:04] {Threei} I can kick lunch tables, no?
[12:04] {nemo} fruitless pursuit
[12:04] {Threei} overturning them while dishes are full with food creates interesting visual effect
[12:05] {Threei} sound's nice too
[12:05] {nemo} I remember college right after animal house came out
[12:06] {Threei} I don't remember college
[12:06] {nemo} Me neither
[12:06] {nemo} crissakes, I don't remember my name until coffee in morning
[12:07] {Threei} oh, that's where the dent in the fortehead comes from...
[12:07] {nemo} no, that was a really bad car accident
[12:07] {larisa} at least you remember how to make coffee
[12:07] {dino} tin lod
[12:07] {dino} plce getting close
[12:07] {Threei} it's easy larisa
[12:08] {Threei} my method at least
[12:08] {nemo} I'm about to reach a boredom stop with DNDN
[12:08] {Threei} remind the wife in the wevening to load and program cioffeemaker
[12:08] {Threei} works like charm
[12:08] {larisa} will not work for nemo
[12:08] {nemo} yeah, no wife
[12:09] {strider} dino, what's your plan for plce?
[12:09] {nemo} .28 is pivot support dino
[12:09] {dino} fun
[12:09] {strider} a wild and crazy guy.
[12:09] {dino} thx
[12:10] {dino} long strider, bid at .30
[12:11] {Threei} whatever the outcome of DNDN is, larisa must have liked the entry - it's one of her favorite setups
[12:11] {nemo} whoa plce
[12:11] {Threei} and if she objects it's either because I don't get women at all (no big surprise there) or because she just likes to object
[12:12] {nemo} guess .28 was support
[12:13] {dino} pwrd gap filled from mon close
[12:13] {Threei} anyone see any news for XING?
[12:13] {dino} still one open 12/31
[12:13] {Threei} nothing here
[12:14] {strider} not here.
[12:14] {dino} iai spike
[12:14] {dino} and drop
[12:14] {Threei} CYCC Journals publish data showing Seliciclib effective against lung cancer cells, including K-RAS Mutations (update)
[12:14] {Threei} - In an article published in Clinical Cancer Research, seliciclib was found to be effective in killi... (1.36, +0.30, 28.30%) more...
[12:15] {fernp} nothing here XING
[12:15] {Threei} killing lung cancer cells through a novel apoptotic mechanism or induction of cancer cell suicide. Nearly all lung cancer cell lines against which seliciclib was most effective had Ras-activating mutations.
[12:15] {nemo} small or large cell carcinoma?
[12:15] {nemo} btw .37 is VWAP on DNDN
[12:16] {Threei} hard to believe this ball of fire became so tame
[12:16] {nemo} lunch time
[12:16] {fernp} FAS breaking hod
[12:16] {strider} do you hve the same effect on women, vad?
[12:17] {Threei} I'd ask them strider... but they fall asleep as soon as I start talking
[12:17] {strider} I guess you do.
[12:17] {nemo} 1/2 out dndn
[12:18] {dino} tin sm l .25 stop .99
[12:18] {Threei} then I hear something like "keep talking please, I always yawn when I am interested"
[12:18] {nemo} at least they're not talking
[12:18] {Threei} DNDN 1:1
[12:19] {fernp} ty very much
[12:19] {strider} out 1/2 +.10
[12:19] {Threei} there... and you thought I was gfood for nothing
[12:19] {larisa} 11:47 long DNDN? my chart does not even show setup:) 12:13 I got a signal of potential long, but did not take it
[12:20] {Threei} see?
[12:20] {Threei} [12:11] {Alert} Threei and if she objects it's either because I don't get women at all (no big surprise there) or because she just likes to object
[12:24] {larisa} I just have to defend my favorite setup :) it is not what you think it is
[12:24] {Threei} of course not
[12:24] {larisa} lol
[12:24] {Threei} now... I knew a couple once,
[12:25] {Threei} for 35 years husband was giving the same gift to a wife on every borthday,
[12:25] {Threei} parfume that he gave her once during courting years
[12:25] {Threei} and she said she loved it.
[12:25] {Threei} Parfume went out of production,
[12:25] {Threei} He went to great lengths to keep finding it
[12:26] {Threei} She never told him she hated it, always,
[12:26] {Threei} she was simply polite that fuirst time,
[12:26] {Threei} and then he was so happy to do it for her
[12:26] {Threei} she kept accepting it and thanking him
[12:27] {Threei} GSK German health officials reportedly plan to reduce order for swine flu vaccine doses by half to 25M doses; officials say GSK is willing to accept the reduced order
[12:28] {Threei} why wouldn't it... a few month more and no one will order it for ages
[12:28] {larisa} She may be polite but not smart. With men you have to tell them directly what you want.
[12:29] {patience} vad, give me your money
[12:29] {Threei} yup... "sit down and shut up" - we understand the language
[12:29] {fernp} LVS, Vad?
[12:29] {patience} there, how is that Larisa?
[12:29] {Threei} no way to tell fern
[12:29] {larisa} you do girl :)
[12:29] {larisa} do=go
[12:30] {fernp} ok ty
[12:30] {patience} if he gives money to me, you get half
[12:30] {ilana} HGSI b/d?
[12:30] {Threei} now my only hope is Ilana saying "vad, keep your money!"
[12:31] {larisa} any bets we will end down -120 today?
[12:31] {Threei} chart is right on HGSI but it trades in a very basty way
[12:31] {Threei} nasty too
[12:31] {Les} and fcx b/d following this bounce? .40?
[12:32] {Les} nothing but air under fcx following below .40
[12:32] {Les} - following
[12:32] {Threei} well, there is minor support at .30 roughly
[12:33] {ese} i was out of dndn at .41 by the way......
[12:33] {Les} ah ok. see it
[12:33] {Threei} but overall, setup looks good, under one condition
[12:33] {ese} was on the phone orgot to post
[12:33] {Les} market direction?
[12:33] {strider} still in 1/2 DNDN
[12:33] {Threei} it consolidates for a while between .50 and .40
[12:33] {Les} ok
[12:33] {Les} ah its popped
[12:33] {Les} but will continue to watch it
[12:33] {Threei} market direction is needed, but FCX is weaker than market today,
[12:34] {Threei} so need just some hlp
[12:34] {dino} plce feels up
[12:34] {nemo} lvs
[12:35] {strider} long TIN .13, stop .05
[12:35] {dino} better than i strider
[12:35] {strider} you're running defense for me.
[12:36] {dino} lol
[12:36] {dino} my entries are typically off thats way smaller shares
[12:36] {dino} and again the .25 trigger did not work
[12:38] {nemo} H&S short break on amzn
[12:38] {strider} out TIN .02
[12:38] {nemo} ese style
[12:39] {dino} genz
[12:39] {dino} tin stopped -.26
[12:40] {dino} nice nice pops genz?
[12:42] {ilana} FITB holds the pullback
[12:43] {dino} sm s genz .60
[12:43] {dino} risky
[12:43] {nemo} very
[12:43] {strider} out balance DNDN +.20
[12:44] {larisa} gj strider
[12:44] {strider} t'anks, kid.
[12:44] {larisa} :)
[12:45] {nemo} how's the pucker factor dino?
[12:45] {dino} too soon stopped
[12:46] {Les} fcx consolidation
[12:46] {strider} .40 range
[12:47] {dino} ugh rinsed
[12:53] {strider} TASR
[12:54] {strider} GME, anyone?
[12:54] {Les} s fcx .35
[12:54] {Les} stop .50
[12:55] {strider} thanks for DNDN, vad, btw.
[12:56] {fernp} still in it, st?
[12:56] {strider} no. +.10, +.20
[12:56] {dino} plce? going for open gap?
[12:57] {strider} interested in GME.
[12:57] {fernp} gj st
[12:57] {Threei} sure thing strider
[12:58] {strider} AMZN trying for new low.
[12:58] {strider} thx fern.
[12:58] {dino} genz reload sm s .60
[13:00] {Threei} FCX works
[13:00] {Les} partial?
[13:00] {Les} let it ride?
[13:00] {Threei} partial at least
[13:05] {Les} 1/2 at .20
[13:05] {strider} COST, Vad?
[13:05] {dino} genz stopped +.04, hmmm
[13:05] {dino} plce sm l .05
[13:05] {Threei} too narrow strider, can't tell
[13:06] {strider} k
[13:08] {strider} good play, FCX , Les.
[13:09] {Les} covered all .05 tx st
[13:09] {Les} dinners burning. I'm in trouble now
[13:10] {dino} gj
[13:10] {strider} wtg, Les.
[13:10] {fernp} gj les
[13:10] {Threei} very clean setup
[13:10] {Threei} nicely consolidated, broke decisively
[13:10] {Threei} eye candy
[13:11] {strider} ENER on 5 min. p/b
[13:11] {strider} sitting on 21 MA
[13:12] {nemo} wow, where plce going
[13:12] {strider} long ENER .56, stop .48
[13:13] {dino} plce stopped wow
[13:15] {nemo} pivot is .32
[13:18] {patience} vad, any words of wisdom from you please on shorting a do you spot when it is exhausted and ready to reverse?
[13:19] {nemo} after it lays its eggs
[13:19] {patience} i have been watching hudbay minerals (hbm) on tsx
[13:19] {patience} just keeps going up
[13:19] {patience} in spite of tsx down day
[13:19] {patience} keeps eating mini consolidations it attempts
[13:19] {Threei} in general, wehn it fails major salmon sign:
[13:19] {Threei} market bounces but astock doesn't break out again
[13:20] {Threei} then market retreats and stock breaks support
[13:20] {Threei} that's the sign of salmon not being salmon anymore and turning into follower
[13:20] {patience} ty, just broke down again, i'll watch to see ... tsx starting to recover somewhat
[13:22] {dino} odfl sm l .80
[13:22] {strider} damn ENER, jumped my stop.
[13:31] {dino} kss strange, beats and raises, drops
[13:31] {nemo} not strange change of reaction
[13:32] {dino} jst ouch
[13:35] {dino} kss sm l .50
[13:36] {dino} jst trig .00 imo
[13:38] {nemo} jst pivot support at .67
[13:39] {dino} wide
[13:40] {dino} genz last try sm s .24
[13:48] {Threei} CYCC continues move off news
[13:49] {strider} candidate for overnight, vad?
[13:50] {Threei} let's look at it closer to eod
[13:50] {strider} k
[13:50] {dino} genz stopped .41-.17 too tough
[13:50] {Threei} ese, your FITB is phenomenal
[13:55] {dino} wow genz
[13:56] {dino} ican preoxy battle rumors
[13:56] {Threei} Imax Corp Exec: 2010 is poised to be one of the best years we have ever seen for the business - Citi conf call
[13:56] {Threei} - Digital projection and distribution, and the elimination of very expensive film prints, have transformed the business.
[14:02] {Threei} Study on electric cars casts doubt on the chances for widespread adoption of electric cars by 2020 (related ABAT )
[14:03] {Threei} seriously?
[14:04] {Threei} - Although electric-car battery costs are expected to fall sharply over the coming decade, they are unlikely to drop enough to spark widespread adoption of fully electric vehicles without a major breakthrough in battery technology, according to a new study by The Boston Consulting Group (BCG).
[14:04] {Threei} - The study concludes that the long-term cost target used by many carmakers in planning their future fleets of electric cars$250 per kilowatt-hour (kWh)is unlikely to be achieved unless there is a major breakthrough in battery chemistry that substantially increases the energy a battery can store without significantly increasing the cost of either battery materials or the manufacturing process.
[14:04] {Threei} - Most electric cars in the new decade will use lithium-ion batteries, which are lighter and more powerful than the nickel-metal hydride (NiMH) batteries used today in hybrids like the Toyota Prius. Citing the current cost of similar lithium-ion batteries used in consumer electronics (about $250 to $400 per kWh), many original-equipment manufacturers (OEMs) hope that the cost of an automotive lithium-ion battery pack will fall from its current price of between $1,000 and $1,200 per kWh to between $250 and $500 per kWh at scaled production.
[14:04] {Threei} - BCG, however, points out that consumer batteries are simpler than car batteries and must meet significantly less demanding requirements, especially regarding safety and life span. So actual battery costs will likely be higher than what carmakers predict.
[14:04] {Threei} - Despite this cost challenge, the report projects steady growth for electric cars and batteries. Electric cars include mild and full hybrids (like the early Toyota Prius and 2010 Ford Fusion, respectively), which combine an internal combustion engine (ICE) power train with supplementary electric motors to run the car at idle and low speeds; plug-in hybrids and range-extended electric vehicles (such as the next-generation Prius and General Motors' Chevrolet Volt, respectively), which combine electric motors with a supplementary ICE to run the motors after the batteries have been depleted; and fully electric vehicles (like the Mitsubishi i MiEV and upcoming Nissan Leaf), which can only be recharged by plugging into the power grid.
[14:07] {Threei} sheesh CYCC
[14:07] {Threei} look at daily
[14:07] {Threei} wht a candle
[14:07] {fernp} yeah
[14:09] {ese} c you all tomorrow
[14:09] {fernp} bye ese
[14:09] {ese} fern
[14:09] {Threei} take care ese
[14:10] {dino} cya es
[14:10] {strider} bye ese
[14:17] {strider} CYCC goes
[14:20] {Threei} I give up
[14:20] {Threei} CYCC will never stop
[14:20] {Threei} it will go up forever
[14:20] {strider} Sure it will. Just buy some.
[14:26] {strider} going vertical.
[14:34] {Threei} I thbink double top is coming
[14:35] {Threei} let's wait for a good drop and see if we can find an entry
[14:35] {Les} spy going vertical
[14:35] {fernp} yes
[14:36] {Threei} my frustration with missing it transpired in a weird way
[14:36] {Threei} shorted .43 and covered .34
[14:36] {Threei} almost accidentally
[14:36] {Threei} wanted to check if it's shortable
[14:36] {Threei} and clicked market sell instead of limit above the price
[14:36] {Threei} turned out shortable, lol
[14:37] {fernp} yeah
[14:37] {nemo} fell in shit, smell like clover
[14:37] {nemo} sorry...manure
[14:37] {Les} you have a way with words nemo
[14:37] {nemo} merde
[14:37] {Raven} scat
[14:37] {Les} oui ça aussi
[14:37] {nemo} scarin' me Raven
[14:37] {Threei} we fully gavce up on English?
[14:38] {Les} you did a long time ago
[14:38] {nemo} natuerlich
[14:38] {Les} :)
[14:38] {Les} cycc .30 b/d?
[14:38] {Threei} no, I gave up on correct english
[14:38] {nemo} scat is english atually
[14:38] {Threei} but still, never went to russian
[14:38] {nemo} scatology
[14:39] {Raven} Scatology 421 ... took that at the university
[14:39] {nemo} 421?
[14:39] {Raven} course number
[14:39] {nemo} what PhD....Piled High and Deep
[14:39] {Raven} of course
[14:39] {nemo} yeah, but 4 level implies advanced study
[14:39] {Raven} I was very advanced
[14:39] {nemo} Political Science major?
[14:39] {Raven} godforbid
[14:40] {dino} jst continues down
[14:41] {nemo} we missed gme
[14:41] {Les} cycc not shortable at IB
[14:41] {dino} jst going to bounce nemo?
[14:41] {fernp} LVS, Vad?
[14:42] {nemo} dropped through all pivot support
[14:42] {nemo} next support 46
[14:43] {nemo} and a .13 spread to boot
[14:43] {Threei} daily looks fantastic fern... intraday, hard to tell
[14:43] {nemo} actually next support 46.34
[14:44] {fernp} yes, daily is great in LVS
[14:45] {dino} missed jst\
[14:46] {nemo} .40 spread
[14:46] {nemo} .28
[14:46] {dino} go sm
[14:48] {dino} crazy moves today
[14:48] {larisa} stupid market up again :)
[14:50] {strider} short GME .68 stop .82
[14:50] {strider} not the best entry
[14:53] {fernp} LVS now or never
[14:57] {nemo} gotta' go cu 2morow
[14:57] {strider} see ya, nemo
[14:57] {fernp} bye nemo
[14:57] {larisa} bye nemo
[14:59] {dino} cya nemo
[14:59] {dino} gj gme strider
[14:59] {strider} we'll see.:)
[15:00] {strider} trying to squeeze it to .45
[15:01] {dino} drop
[15:01] {fernp} any news, ad?
[15:01] {fernp} Vad
[15:02] {Threei} I think this:
[15:02] {Threei} US Fed release advice on interest rate risks; firms may be required to take corrective action to curb excessive risk; including possible requirement to hold additional capital
[15:02] {strider} stop to .70 GME
[15:02] {dino} same old same old
[15:02] {Threei} Fed warning banks to protect against a possible scenario whereby the environment of low interest rates end
[15:02] {fernp} cerradlo todo
[15:03] {fernp} wrong window
[15:03] {dino} fed should warn tiger to potect hoimself too
[15:03] {larisa} oh my
[15:03] {fernp} stopped LVS
[15:04] {fernp} i am unable to trade this market
[15:04] {strider} out 1/2 +.13
[15:04] {dino} pretty random afternoon fern
[15:05] {fernp} yes
[15:05] {Threei} The Federal Financial Institutions Examination Council, which includes representation from the Fed said: "In the current environment of historically low short-term interest rates, it is important for institutions to have robust processes for measuring and, where necessary, mitigating their exposure to potential increases in interest rates."
[15:05] {Threei} it bweconmes easier fern
[15:06] {Threei} today is noticeably better
[15:06] {patience} just got flushed out of my silver wheaton trade...hudbay keeps chugging up...not that i had the brains to buy in
[15:06] {Threei} just don't forece it, it takes time
[15:06] {fernp} ok
[15:09] {strider} stop to .55 GME
[15:10] {Threei} so, after the shoebomber we get to take our shoes off at the checkpoints
[15:10] {Threei} it scares me that this latest gyuy already got nicknamed an underwear bomber
[15:11] {strider} out balance +.18
[15:11] {larisa} now they can see you naked vad.. get ready when you travel :)
[15:11] {Threei} that I don't care about
[15:11] {Les} lol, I'm not sure security wants to see us all strip, not my ugly butt anyway
[15:11] {strider} now, what type do you think is going to apply for those jobs?
[15:12] {strider} Kind of like morticians.
[15:12] {strider} You gotta like your work.
[15:12] {Threei} yeah, images I saw are not much more than skeletons
[15:13] {Threei} snow in Alabama today
[15:13] {strider} What are you thinking about CYCC now, vad?
[15:13] {Threei} I don't have heart to buy it
[15:14] {strider} It's relly up there,.
[15:14] {strider} really
[15:14] {larisa} strider, enjoyed your GME trade. nice
[15:14] {larisa} not really sceletons vad
[15:14] {strider} 126% gain today.
[15:15] {Threei} maybe different scanners larisa
[15:15] {Threei} one image from which I saw had barely visible contours of the body, the rest was skeleton
[15:15] {patience} you flying air canada vad?
[15:15] {Threei} no, Westjet
[15:16] {patience} canadian transportation agency has ruled, portion of plane must be nut free
[15:16] {patience} can't stop laughing
[15:16] {Les} seed .05 b/d vad?
[15:16] {patience} although it is serious for those with allergies
[15:16] {Threei} if I accidentally wind up there, will they insist on amputation?
[15:17] {Threei} SEED... well, worth a try but it's kind of 51/40
[15:17] {Threei} 49
[15:17] {patience} well at least they said you are allowed to carry a book onboard again
[15:18] {Les} s seed .01
[15:19] {strider} CYCC goes momo
[15:19] {Threei} .01?
[15:19] {Threei} why that faR FROM TRIGGER?
[15:19] {Les} chased it
[15:19] {Les} lod was .04
[15:19] {Les} so 3 cents
[15:20] {Les} too much risk?
[15:20] {Threei} well, where is your stop?
[15:20] {Les} .15
[15:20] {Les} it's largish
[15:21] {Les} but risking 14 cents for further b/d before close
[15:21] {strider} CYCC: 2.67
[15:22] {Threei} whole thing feels like one big setup for me
[15:22] {Threei} CYCC has NASDFAQ's notice of delisting
[15:22] {dino} greenn scanners
[15:22] {Threei} from Dec 9
[15:23] {strider} they're over a dollar now. Is that what it was about?
[15:23] {strider} Are you suggesting 'they' are doing this, vad?
[15:24] {Threei} - Cyclacel Pharmaceuticals, Inc. (Nasdaq:CYCC) (Nasdaq:CYCCP) ("Cyclacel" or the "Company") today announced that, on December 9, 2009, the Company was notified by the NASDAQ Staff that the Company does not comply with the minimum $10 million stockholders' equity requirement set forth in NASDAQ Listing Rule 5450(b)(1)(A) (the "Rule") and that the Company's securities are subject to delisting from The Nasdaq Global Market unless the Company requests a hearing before a NASDAQ Listing Qualifications Panel (the "Panel").
[15:24] {Threei} Cyclacel intends to timely request a hearing before a Panel, which automatically stays the delisting of the Company's securities pending the issuance of the Panel's decision after a hearing. Under NASDAQ's Listing Rules, the Panel may, at its discretion, determine to continue the Company's listing pursuant to an exception to the Rule for a maximum of 180 days from the date of the Staff's notification or through June 7, 2010. However, there can be no assurances that the Panel will do so.
[15:26] {Les} really? rig one's stock price to stay in the NASDAQ?
[15:26] {strider} so do you think the news is phoney?
[15:26] {Threei} I'vw no idea
[15:29] {Threei} I have certainly seen this kind of situations before
[15:30] {Threei} but I alsao have seen real cases when company would pull itself from brionk of destrcuction
[15:30] {Threei} only typed better
[15:31] {Threei} I even saw a case when CEO promised great news after the close, and got a lot of people to buy... only to announce voluntary delisting
[15:31] {fernp} lol
[15:31] {strider} ha
[15:31] {Threei} where is cosmo, he could name the symbol right away :)
[15:31] {Threei} it's a real story, I am not kidding
[15:32] {strider} I guess he sold his shares before close.
[15:32] {fernp} of course
[15:32] {Threei} better yet
[15:32] {Threei} stock went to pink sheets, and in a few months he nmanaged to maNIPULATE THE PRICE TO ABOUT 15
[15:33] {Threei} so, in a way he was right... it was a good news
[15:33] {strider} news was that CEO was a very clever guy.
[15:36] {strider} where IS cosmo?
[15:36] {Threei} still in Australia?
[15:36] {strider} vacation?
[15:37] {Threei} that's what he said
[15:46] {fernp} SDS short if breaks .30?
[15:47] {Threei} if market breaks out, sure
[15:47] {Threei} but are you willing to play general market breakout right now?
[15:47] {fernp} nah
[15:53] {fernp} Good evening everybody. See you all tomorrow
[15:53] {strider} night fern.
[15:53] {Threei} take care fern
[15:54] {strider} Guess who's gonna be on TV at 4:30?
[15:55] {larisa} Josh Holloway ?
[15:55] {Threei} Til Ulenshpigel?
[15:55] {larisa} wow
[15:55] {strider} you're both parallel universes.
[15:55] {Les} Umar Farouk?
[15:55] {strider} No. No parallel universe for that.
[15:56] {Threei} he can't stand
[15:56] {Threei} nor sit
[15:56] {Threei} nor procreate
[15:56] {Threei} there are natural consequences to setting one's crotch on fire, ya know
[15:56] {Les} that's why CNBC wants him on TV
[15:58] {Les} out seed flat
[15:59] {strider} new high, CYCC.
[15:59] {strider} I bought small at .55,,,,,see how aftermarket looks.
[15:59] {Les} time is up. night all
[16:00] {Threei} thank you all
[16:00] {strider} nite vad.
[16:00] {Threei} better day
[16:00] {Les} yeh thank you vad. starting to work out now
[16:00] {Threei} but far from stellar still
[16:00] {Threei} it's a process
[16:00] {strider} Stellar would be good.
[16:00] {Threei} grinding it out
[16:00] {Threei} have a good evening, see you tomorrow
[16:02] {dino} apol

Labels: , , ,

Wednesday, January 6, 2010

Jan 06 2010

One more day of low volatility and things working pretty much in random fashion. The same setups on the same stocks work and fail with 50/50 odds.

Session Time: Wed Jan 06 00:00:00 2010

[08:21] {nemo} morning from the frozen People's Republic of Massachusetts
[08:22] {strider} morning from the moderately frozen south.
[08:23] {nemo} damn confederates
[08:23] {strider} 22F here.
[08:23] {strider} damn yankees.
[08:24] {nemo} Funny...we've got a Civil War monument in town it faces south. A friend of mine's grandfather, who had a wicked sense of humor, says it's because you always had to keep an eye on those southerners
[08:24] {strider} now that's true.
[08:25] {nemo} When I lived in SC about 20 years ago, I was surprised to see the Confederate flag flying over the capital, as well as more than a few bumper stickers that said "Lee surrendered, I didn't"
[08:27] {strider} I think it was still there until last year or so.
[08:27] {strider} People confuse the map with the territory.
[08:27] {nemo} within a few years, yeah
[08:28] {strider} iow, confuse the symbol for the attitude.
[08:28] {strider} or, confuse allegiance to the conferacy with allegiance to slavery/racism.
[08:28] {nemo} yeah...well, SC was where I first saw the bumper sticker, "The voices in my head told me to stay home from work today and clean my guns."
[08:29] {nemo} No, I thought the former, not the latter. As a matter of fact, there seemed to be alot less racial tension there than up here
[08:29] {nemo} It's a big money making industry up here
[08:29] {strider} Only if you planned on attacking us.
[08:31] {nemo} then again, up here I first saw the bumper sticker, "If I'd known what would have happened, I'd have picked my own cotton."
[08:32] {Raven} there will soon be a Federal Agency to regulate bumper stickers
[08:32] {nemo} I don't doubt it
[08:33] {strider} Hey, that would be a great bumper sticker!
[08:33] {Raven} never thought of that ... I'll be RICHHHHHHHHHHHHHH
[08:34] {Threei} hah... ese's going to make a killing on ABAT
[08:34] {nemo} yeah, saw that
[08:35] {strider} re: picking cotton......I tried that for about 5 minutes...pure misery.
[08:37] {strider} FDO could be interesting today.
[08:38] {strider} Vad, what default route do you use?
[08:41] {Threei} for NASDAQ I usually don't bother to turn routing on at all,
[08:41] {Threei} unless I just switched from listed stock and forgot
[08:41] {Threei} for listed, I check the Route On box and keep it on NASDAQ
[08:42] {Threei} mostly to avoid MLCO which is default for smart route on listeds
[08:43] {strider} so you're using smart route for nasdaq?
[08:43] {strider} didn't understand: " for NASDAQ I usually don't bother to turn routing on at all,"
[08:44] {Threei} for nasdaq stocks
[08:45] {Threei} yes
[08:46] {strider} I've found that nasdaq often doesn't have best bid/ask when trading HOG.
[08:46] {strider} so when I try to enter/exit at limit, I don't get filled.
[08:46] {strider} Was wondering route would be best to use.
[08:47] {nemo} what are you using then?
[08:47] {strider} Been switching to smart route, just cause it was first in line.
[08:47] {nemo} oy vay
[08:47] {strider} Don't know if fees are higher for that, though.
[08:48] {nemo} smart hits a dark pool first I think
[08:49] {nemo} GETCO to be specific
[08:49] {strider} Is that a good thing or a bad thing:)
[08:50] {nemo} well, it's cheaper if you get it from GETCO, tries there first and then proceeds to other sources, which takes time, so if you need fast execution...forget it
[08:50] {strider} what do you use for listed/nasdaq--nemo.
[08:51] {Threei} wait
[08:51] {nemo} me..yes
[08:51] {Threei} strider... if you have Route Out checked in the big window that pops up when you right click on level2,
[08:51] {Threei} you don't care who is at the bid or offer
[08:52] {Threei} your order will hit them all
[08:53] {nemo} vad, on that general tab under "Hit Adjust", what do you have as a value for the NASDAQ window
[08:54] {Threei} zero
[08:54] {nemo} ty
[08:54] {Threei} but I am not sure it's optimal
[08:54] {Threei} I don't remember what it is
[08:55] {Threei} it's been years since I configured all that
[08:55] {nemo} for some reason, mine was set at .0020
[08:55] {Threei} ARCA is set to .03
[08:55] {strider} I have all boxes checked for 'route out'.....still haven't been getting fills through Nasdaq.
[08:55] {nemo} .03 or .0030
[08:56] {strider} Is that under the shave column, nemo?
[08:56] {Threei} 08:46] {strider} I've found that nasdaq often doesn't have best bid/ask when trading HOG.
[08:56] {Threei} [08:46] {strider} so when I try to enter/exit at limit, I don't get filled.
[08:56] {Threei} that's why
[08:56] {nemo} just above Route Out
[08:56] {Threei} move a few cents beyond, you'll get your fills
[08:56] {strider} confused.
[08:57] {Threei} you are trying to hit inside quote, if you are a LITTLE LATE IT GETS AWAY FROM YOU
[08:57] {strider} that's not what I mean.
[08:58] {strider} I'm just trying to enter or exit at static best bid/ask. It's not moving.
[08:58] {strider} I must be missing something on lvl 2.
[08:58] {Threei} buying at the offer or selling at bid?
[08:58] {Threei} or buying at bid and selling at the offer?
[08:59] {strider} I think the first, of course........but I may sometimes try to do the second.
[08:59] {strider} and that's what's happening.
[08:59] {strider} I'll watch it.
[08:59] {Threei} if the second, then no wonder
[08:59] {strider} yeah.
[08:59] {Threei} if first, andf there are enough shares, your fill is instant
[08:59] {strider} nemo....what does 'hit adjust' mean?
[09:00] {strider} kk
[09:00] {strider} k
[09:00] {nemo} I don't know, just saw the setting
[09:01] {Threei} by the sound of it, I'd think it does automatically what I do by clicking at the price beyond market
[09:01] {Threei} but let's not assume and ask Trev instead
[09:01] {strider} yeah, that would be good to know.
[09:02] {strider} Also, I don't know what the 'shave' column does.
[09:04] {Threei} there is a video tutorial on Laser
[09:05] {strider} yeah, I've watched it. have a nemo-memory, though.
[09:06] {strider} Besides, they assume you already know what a lot of those terms mean. Like 'shave'. Seem to recall they don't define it.
[09:06] {Threei} well, if you watch the part that shows what it does it should explain things, no?
[09:07] {strider} My recollection is that it just says something like: if you want to change the shave settings, here is where you do it.
[09:07] {Threei} that's helpful
[09:07] {strider} yeah:)
[09:08] {strider} FNSR, CREE FDO
[09:12] {dino} gm all
[09:12] {Threei} dino :)
[09:14] {ese} good morning......held my abat overnight....will get rid of that at the open
[09:14] {Threei} ese :)
[09:14] {Threei} we figured that out
[09:15] {Threei} [08:34] {Threei} hah... ese's going to make a killing on ABAT
[09:15] {ese} wish i had more than 600shs of it
[09:15] {ese} good way to start the day
[09:18] {nemo} mos might be interesting today too
[09:19] {ese} looks like i'm only going to be with you all for a couple of hours today
[09:19] {ese} my electrical is being cut off
[09:20] {larisa} gm all :)
[09:20] {ese} haveing a 200amp service put in for a hot tub
[09:20] {Threei} larisa :)
[09:20] {strider} larisa:)
[09:20] {ese} laris
[09:20] {larisa} vad, strider, ese :)
[09:20] {nemo} Lari :)
[09:20] {larisa} and nemo :)
[09:22] {ese} vad....i held abat based on our conversation before christmas.......i had asked you when you consider holding a stock over talked volume and how it closed at the end of the day..
[09:23] {Threei} yup, it closed near the high
[09:23] {Threei} and the volume for the day was remarkable
[09:23] {dino} wag, irbt, ksu, lmt, fdo, dltr and the usuals
[09:24] {strider} I want to keep a close watch for those plays, ese.
[09:26] {ese} me as well st
[09:27] {nemo} mos breaking out
[09:28] {lasertrev} morning
[09:29] {Threei} trev :)
[09:31] {dino} ed's moving
[09:31] {nemo} mos $2 on the open
[09:32] {Threei} PIMCO's Bill Gross Monthly Outlook: US and UK may suffer as exit strategies are implemented
[09:32] {Threei} - "If 2008 was the year of financial crisis and 2009 the year of healing via monetary and fiscal stimulus packages, then 2010 appears likely to be the year of exit strategies, during which investors should consider economic fundamentals and asset markets that will soon be priced in a world less dominated by the government sector. If, in 2009, PIMCO recommended shaking hands with the government, we now ponder which government, and caution that the days of carefree check writing leading to debt issuance without limit or interest rate consequences may be numbered for all countries."
[09:34] {Threei} Long Setup: UAUA .76 if stays above .65
[09:35] {nemo} .63 is pivot
[09:35] {Threei} IVAN new 52 weeks high
[09:35] {Les} GM. DAL has gone south
[09:35] {nemo} mos retracing all gains
[09:36] {nemo} uaua could be short below .63
[09:37] {strider} not following futs.
[09:37] {Threei} Long Setup: ABAT .70 break
[09:37] {Threei} if stays bove .63
[09:38] {dino} cal too
[09:38] {Threei} SIGA Strength attributed to Dept of HHS circulating a solicitation for development of a smallpox antiviral for the strategic national stockpile (6.80, +0.52, 8.28%)
[09:39] {Threei} if you shorted UAUA, don't be in a hurry to cover, IMO
[09:40] {Threei} GERN...
[09:41] {Threei} SEED Hearing takeover chatter circulating
[09:41] {Threei} - Monsanto rumored as a potential acquirer (13.40, +0.44, 3.40%) (related MON )
[09:41] {Threei} bunker is firmly back from vacation
[09:42] {Threei} US) Preview: Dec ISM Non-Manufacturing Composite Index due out at 10:00ET
[09:42] {Threei} **consensus expectation: 50.5e v 48.7 prior (estimates range between 48 to 52).
[09:43] {nemo} so "good" manufacturing news didn't really move the market yesterday
[09:43] {nemo} and one could have expected the Real Estate numbers yesterday
[09:43] {nemo} interesting
[09:44] {dino} lol
[09:44] {Threei} Blackrock's Bob Doll: US economy to expand 3% or more in 2010; US stocks should outperform the rest of the developed world this year
[09:44] {Threei} wow
[09:44] {Threei} that's a bold call
[09:46] {nemo} frickin' uaua
[09:47] {Threei} I am amazed
[09:47] {Threei} it tries to turn ionto momo again
[09:48] {dino} cal open gap fill
[09:48] {Threei} and if it breaks 14 asnd develops nice pace, I won't be surprised by another dollar run
[09:57] {Threei} CLNE, what's up?
[09:57] {nemo} stec crash
[09:57] {strider} short HOG .49 stop .60
[09:58] {Threei} is it my wishful thinking or ABAT really looks like preparing a surprise run
[10:00] {dino} cpla v sm l .30 ave
[10:00] {dino} hl l abfs .74\
[10:00] {Threei} pretty much non-event
[10:02] {dino} fast again
[10:04] {Threei} LLTC
[10:04] {Threei} .17 is 52 week high
[10:07] {nemo} I'm afraid to ask what the Vix is
[10:08] {Threei} gern
[10:09] {Threei} Long Setup: HIG .40 if stays above .30
[10:09] {ese} l pten .57
[10:09] {ese} sorry for the late call
[10:09] {Threei} Long Setup: JASO .75 break
[10:10] {nemo} in
[10:10] {Threei} stop for extreme scalpers under .70, although I'd porefer .65
[10:11] {Threei} it looks to me like a good candidate for that slow extended climb
[10:11] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:11] {Threei} **consensus expectations:
[10:11] {Threei} Crude: -500Ke
[10:11] {Threei} Gasoline: +500Ke
[10:11] {Threei} Distillate: -2Me
[10:11] {ese} out pten .71 +.11
[10:12] {dino} fds thin, sm l .28
[10:13] {ese} jaso call looks real good
[10:13] {ese} missed it...but it looks good
[10:13] {Threei} market's pulling back, see if can get it on retreat
[10:14] {ese} l swhc .30
[10:16] {Threei} JASO did that little dance specifically for you ese
[10:17] {Threei} coming to 1:1
[10:17] {Threei} scalpers got it
[10:17] {ese} just saw your post vad.....damn missed again
[10:17] {ese} up .06 swhc anyway
[10:18] {nemo} 1/2 out
[10:18] {nemo} ty
[10:18] {Threei} come on... why not watch stock instead of me
[10:18] {Threei} lol
[10:18] {strider} out 1/2 JASO
[10:18] {Threei} it did beautiful little drop right to trigger
[10:18] {nemo} I like the kaching sound
[10:18] {Threei} HIG no go
[10:19] {nemo} tck Vad
[10:19] {Les} out jaso +.10 ty vad
[10:19] {Threei} TCK, .15 you like?
[10:19] {nemo} if volume complies, look at fcx
[10:20] {nemo} stop to .79 on jaso
[10:20] {ese} out swhc .37 +.07
[10:20] {nemo} ?
[10:21] {Threei} to .74 for now
[10:21] {Threei} break of this high and yes, to .79
[10:21] {Threei} there
[10:21] {Threei} to .79 now
[10:22] {ese} out fitb .46 hold from yesterday +.23
[10:22] {strider} stopped HOG
[10:22] {nemo} pesky critter
[10:23] {Threei} offer 1/4 more at .92 - .94
[10:23] {ese} nice one with jaso there ladies and gents.....fab call per usual
[10:24] {Threei} something should start working finally
[10:24] {Threei} this is so your play ese... too bad you missed it
[10:25] {Threei} RIMM
[10:25] {ese} ya
[10:25] {Threei} seems to resume that relentless selling
[10:26] {Threei} .80 break short
[10:26] {Threei} let's see where the bounce tops out
[10:26] {Threei} fpor stop placement
[10:26] {Threei} so far .90
[10:26] {ese} cdii if you get a chnace to look at it vad
[10:27] {ese} am thinkin .15 break
[10:27] {Threei}
[10:27] {Threei} 1/4 more out
[10:27] {Threei} RIMM no cooperatrion
[10:28] {nemo} yep
[10:28] {strider} stopped RIMM
[10:28] {strider} again.
[10:28] {strider} one of these days I'll learn.
[10:28] {strider} maybe.
[10:28] {nemo} yes, you will
[10:29] {dino} it's not even on my screen
[10:29] {strider} see if trev can take RIMM out of my data feed.
[10:29] {strider} good idea.
[10:29] {Threei} can't tell on CDII ese
[10:29] {nemo} stop on jaso .85?
[10:29] {ese} maybe not...volume is running out.
[10:30] {Threei} *DOE CRUDE: +1.3M V -500KE
[10:30] {nemo} hehehe
[10:30] {Threei} GASOLINE: +3.7M V +500KE; DISTILLATE: -230K V -2ME
[10:30] {Threei} yes nemo
[10:31] {dino} cit
[10:31] {nemo} wonder if those oil numbers crack jaso
[10:31] {Threei} oil dropped like a stone
[10:32] {ese} L fwlt .81
[10:32] {nemo} cracked XOM
[10:32] {Threei} amazing stupidity in this set of numbers
[10:32] {nemo} in the estimates?
[10:32] {Threei} whole thing
[10:33] {Threei} so what if there is more oil in reserboirs than analysts thought?
[10:33] {nemo} frickin' gern
[10:33] {Threei} over the weekend couple tankers get stuck somewhere because of hurricane, next week numbers are below expectations
[10:33] {Threei} so what?
[10:34] {Threei} GERN Hearing strength being attributed to chatter of possible contract win or deal with large pharma company (6.42, +0.36, 5.94%)
[10:34] {Threei} stay away
[10:34] {Threei} GERN will have you for lunch on these rumar moves
[10:34] {nemo} out jaso
[10:34] {Threei} rumor
[10:35] {Threei} Market Internals update at 10:30amET
[10:35] {Threei} - NYSE volume 235M shares, about 7% below its three-month average; advancers lead decliners by 1 3:1.
[10:35] {Threei} - NASDAQ volume 520M shares, about 7% above its three-month average; advancers lead decliners by 1.2:1.
[10:35] {Threei} - VIX index -0.25% to just over 19.00
[10:35] {ese} man should have exited at .86/.87 fwlt....we'll see
[10:36] {Threei} IVAN
[10:38] {strider} short the hog, 1/2 lot .69
[10:41] {ese} out fwlt.86 +.055
[10:41] {ese} hows that for calculation
[10:42] {Threei} watching LVS for bounce
[10:42] {larisa} you've had better.. like .059999 :)
[10:43] {Threei} that was just his finger stuck in the calculator Larisa
[10:43] {ese} nawwww it was something like .05987358453o4969
[10:44] {Threei} ok... that was something else then :)
[10:44] {nemo} V vad
[10:44] {Threei} .45, half lot
[10:45] {nemo} don't know if I can handle the .12 stop :)
[10:45] {nemo} XOM forming .05 rainge
[10:45] {nemo} range
[10:45] {Threei} ese reminded me a joke from the rotary phone times...
[10:46] {Threei} - hi, is this 333-3333? Cpould you please phone 911 for me?
[10:46] {Threei} - ???
[10:46] {Threei} - p[lease tell them, finger's stuck in number 3...
[10:47] {larisa} I wish TSL was not so thin, did not have guts to short it at 59.80, was looking at it for 15 min and nothing :)
[10:47] {Threei} I wish LVS gave any indication before breaking 18
[10:48] {larisa} lol
[10:48] {dino} out cpla .00, +.70
[10:49] {nemo} that stock is anorexic congrats
[10:49] {larisa} gj dino
[10:49] {dino} thx, played off apol, esi
[10:50] {magoo} morning
06[10:50] * nemo slaps magoo around a bit with a large alarm clock
[10:50] {Threei} mags
[10:51] {magoo} been out hunting in mornings nemo..u can relate im sure
[10:51] {dino} rino a bit unpredictable today
[10:52] {ese} vad ....tried to ask this yesterday but you were concentrating on you have volume parameters for your 2 day high screen
[10:53] {Threei} I answered
[10:53] {ese} i missed it....sorry
[10:54] {ese} or
[10:54] {ese} it was volume very loose
[10:54] {ese} ?
[10:54] {ese} something like that
[10:54] {Threei} I said 200K
[10:54] {Threei} which is fairly low
[10:54] {Threei} so you may want to tighten it up
[10:55] {ese} tks.........1000000shs per chance
[10:55] {dino} 60k\ here es
[10:55] {ese} tks dino
[10:56] {Threei} [10:48] {Alert} Threei 200K
[10:56] {Threei} [10:48] {Alert} Threei but you may want to set it higher
[10:56] {Threei} [10:48] {Alert} Threei my filters are intentionally loose
[10:56] {ese} do you use the 2X's or 1.5X's perevious days volume
[10:57] {ilana} TEVA b/d?
[10:57] {Threei} no, just mnin volume
[10:57] {Threei} TEVA worth a try
[10:58] {ese} tks
[10:58] {Threei} it's not relly easxy stock
[10:58] {Threei} but if market helps, should work
[11:01] {magoo} how u hitting them today vad?
[11:02] {Threei} I'll leave it to census bureauo
[11:04] {Threei} Long Setup: BEXP .50
[11:04] {Threei} if stays above .40
[11:04] {magoo} that good huh?
[11:06] {nemo} think bexp might be a short
[11:07] {dino} vmi
[11:07] {dino} lnce
[11:07] {dino} rbn
[11:09] {strider} short .43 BEXP
[11:10] {nemo} where's your stop strider?
[11:10] {strider} hod
[11:11] {dino} fds to .67
[11:14] {strider} out flat
[11:14] {nemo} why?
[11:15] {strider} just didn't move fast enough for a drop, imo.
[11:16] {Threei} Short Setup: QWID .45 break
[11:16] {Threei} QID
[11:17] {Threei} stop above .50
[11:18] {Threei} AONE Ticks higher in conjunction with a report that GM will begin its battery pack production at its new Brownstown Township factory on Thursday. (22.56, +0.17, 0.76%)
[11:18] {magoo} AONE
[11:18] {magoo} launch
[11:18] {dino} wor
[11:19] {dino} out fds .73, +.45
[11:20] {Threei} - The plant was announced nearly a year ago at the 2009 Detroit auto show.
[11:22] {Threei} if takes .30, should go to .60 roughly
[11:23] {Les} uaua dropping
[11:23] {Threei} you are partialling mags?
[11:24] {magoo} here it goes
[11:24] {nemo} ow
[11:25] {dino} sm l vmi .25
[11:30] {strider} out QID -.02
[11:30] {ese} gotta sign off all...electricians are here......may log in from school later.....if not see ya tomorow
[11:30] {Threei} take care ese
[11:30] {Les} bye ese
[11:30] {ese} cya all
[11:31] {dino} cya es
[11:42] {dino} sonc lod
[11:43] {patience} out of HNU (natural gas etf). i will never trade this bastard etf again...out $1.36 but what a lesson.
[11:43] {dino} lol
[11:44] {Les} uaua .65 b/d
[11:45] {nemo} .63 is pivot
[11:46] {Les} ok. short at .79
[11:47] {dino} sm s cal .05
[11:49] {dino} arb
[11:49] {Threei} CLNE non-stop
[11:51] {dino} upgraded to 20
[11:51] {larisa} HIG any news?
[11:52] {Threei} nothing fresh
[11:52] {larisa} ty
[11:52] {nemo} s see .60
[11:52] {nemo} seed
[11:55] {nemo} 1/2 out .54 stop was .67
[11:57] {Les} out UAUA .48 +.31
[11:57] {nemo} stop balance seed
[11:58] {dino} sm s arb .70 risky
[11:59] {dino} cal to b/e
[12:00] {strider} looks good, dino.
[12:00] {strider} pivot at .91, fwiw
[12:01] {dino} so far
[12:02] {dino} wor hod
[12:03] {dino} pretty decent range on it
[12:04] {dino} cal to .90 bstop
[12:05] {Les} out UAUA +.17. sorry, wasn't confident so didn't call
[12:05] {strider} support at 19.13
[12:05] {Les} but it bounced and rolled straight over
[12:05] {nemo} yep, air down to .17
[12:05] {larisa} last one short too les?
[12:05] {Les} y
[12:06] {Les} yeh nemo put your pivot points on freestockcharts. keep it onscreen for MA, now pivot as well
[12:07] {nemo} 132 important level for amzn
[12:08] {dino} cov arb .30, +.40
[12:09] {dino} cov cal .90, +.15
[12:13] {dino} out abfs .70 -.04
[12:15] {nemo} crissakes dino, you messed one up
[12:15] {larisa} lol
[12:16] {strider} now he's gonna feel bad.
[12:16] {Threei} he well should
06[12:16] * nemo passes dino a tissue
[12:19] {Threei} dino you be careful with tissues by nemo... he has no problem using sandpaper for those he passes around
[12:19] {nemo} soak it in onion juice first
[12:19] {larisa} onion is very good for you.. kills bacteria
[12:21] {dino} lol
[12:21] {dino} vmi stop is .98 fwiw
[12:23] {Raven} so does gin
[12:23] {nemo} vodka keeps the blood from thickening up in cold weather :)
[12:24] {Threei} but gin also spoils taste of vodka
[12:24] {Raven} sigh
[12:24] {dino} hmmm thinking of a maryini w/olive and onion tonight
[12:24] {nemo} oh no...threeish typing
[12:24] {nemo} your infected dino
[12:25] {strider} what was your vmi entry, dino?
[12:25] {Raven} garlic stuffed olive dino
[12:25] {nemo} roasted garlic
[12:25] {Threei} now, how about this for a mental image: all soaked in vodka from inside to keep blood thin, and covered in onion juice for disinfection... anyone wants to meet nemo in person?
[12:25] {dino} well it fits the low carb diet
[12:25] {nemo} what can I say, I'm a guinea
[12:26] {Raven} scary
[12:26] {nemo} fdx interesting range
[12:26] {dino} strider too high .25, thought it was breaking up
[12:27] {nemo} uaua right at resistance
[12:27] {Threei} so, third day of this year and I still can't get the rythm of the market
[12:27] {strider} does CAL look like a long to you now?
[12:27] {Threei} that's already one day above my normal
[12:27] {nemo} did you just use the word "normal"?
[12:28] {dino} i am better today, but had to downsize shares, getting rinsed m and t
[12:28] {strider} Illinois.....been to the far side of Noral.
[12:28] {strider} normal.
[12:28] {dino} cal, dk, up 2+ yesterday
[12:28] {Threei} yes nemo... I consider normal to be the limits to my abnormality
[12:29] {strider} dk?
[12:29] {strider} don't know?
[12:29] {Threei} when abnormality expands beyond those, it's not normasl
[12:29] {dino} yes
[12:30] {dino} cedc luv
[12:30] {nemo} what's "luv"?
[12:30] {strider} got to do with it/
[12:31] {nemo} oy
[12:31] {dino} oh boy....
[12:33] {dino} ed's are rocking today
[12:42] {dino} sonc sm l .99
[12:43] {nemo} huge order at 9 dino
[12:44] {dino} yeah, i see it, .97 too
[12:45] {nemo} dino sandwich
[12:45] {strider} Is there a way to scroll level II in Laser?
[12:45] {nemo} lengthen the box
[12:46] {strider} thanks for nuthin.
[12:46] {dino} rather a scooby snack
[12:46] {nemo} roro
[12:46] {dino} what do you make of lnce nemo?
[12:46] {Threei} here is useful tip
[12:47] {dino} i was at 24.05 but didn't get to me
[12:47] {Threei} if you want to lenghten the box, make sure that the spot where you grab lower part of the window is NOT right under Market Buy button
[12:47] {Threei} ask me how I came to this conclusion
[12:47] {nemo} hehehehe
[12:48] {strider} I have the same issue with the down scroll arrow for volume. JUst above sell button.
[12:49] {nemo} after that kind of fall, I'd be afraid it tests the bottom again, volume is not looking positive
[12:49] {nemo} transactions are mixed between bids, offers, and market
[12:49] {nemo} no man's...woman's land
[12:50] {dino} not the response i was expecting:)
[12:50] {nemo} what were you expecting?
[12:50] {dino} hit low .40s sell mid .79s
[12:50] {nemo} C&H on UAUA?
[12:51] {nemo} oh, well low .40's would be test of bottom
[12:51] {dino} more like martini glass
[12:51] {nemo} o.kkkkkkkkkkkkkkkkkk??????????
[12:52] {strider} I've been using a techinique for scrolling price while in a trade that helps me a lot. After entry, I set the cursor in price box, and use my left index and middle finger on up and down arrow keys, while keeping cursor over exit button. Need to set arrow keys to move by .01 in trade settings.
[12:52] {dino} lol
[12:54] {dino} guess i covered arb a bit early
[12:54] {Threei} DYAX Hearing Wedbush raising Price Target to $9 from $7 (timing uncertain) (3.66, +0.21, 6.09%)
[12:55] {Threei} cites better than expected price for Kalbitor
[12:55] {strider} long DYAX .67, stop under .50
[12:56] {strider} small
[12:57] {nemo} wow..oil up big
[12:58] {nemo} wow two democratic senators calling it a day in 24 hours
[12:58] {strider} hmm...must be a day.
[12:59] {Threei} remember huge oil drop after numbers?
[12:59] {nemo} yeah
[12:59] {Threei} told ya, most meaningless set of numbers you can only think of
[13:00] {Threei} DELL Announces US smartphone deal with AT&T (14.59, -0.28, -1.88%) (related T )
[13:01] {Threei} NFLX Announces new agreement with Warner Brothers for DVD's, Blu-Ray and streaming content
[13:01] {Threei} - announced new agreements that will continue to make Warner Bros. new release DVD and Blu-ray title... (52.23, +0.72, 1.40%) more... (related TWX )
[13:05] {dino} i guess everybody now makes smart phones, sheesh
[13:06] {strider} DYAX stop to .65
[13:06] {dino} lnce sm l .30
[13:06] {dino} shoot only 13 filled
[13:07] {strider} I don't even show a print at .30.
[13:07] {Threei} I thought they'd buy PALM and use it as entry in the market
[13:07] {nemo} try for some more between .40-.45
[13:07] {dino} i got it
[13:07] {strider} 13
[13:07] {strider} wtg.:)
[13:07] {dino} unfortunatel
[13:07] {dino} y
[13:09] {dino} sonc not working, stop to .88
[13:11] {nemo} there you go dino
[13:14] {dino} not yet
[13:14] {strider} out DYAX, -.01
[13:16] {dino} lea spike
[13:16] {Les} AIG .80 b/d vad?
[13:17] {Les} ,90 stop?
[13:17] {Threei} not sure
[13:17] {Threei} coin toss
[13:17] {Les} oh well. short at .79.
[13:17] {larisa} .94 stop if you go for it
[13:18] {Les} ok thanks
[13:20] {larisa} when i am that bored i eat too much chocolate.. market needs to wake up
[13:22] {nemo} market in it's afternoon upward march
[13:25] {nemo} sndk
[13:25] {nemo} get your shares yet dino?
[13:25] {dino} ave .38 lnce sm l
[13:29] {Les}
[13:29] {Les} why bomb plane?
[13:29] {Les} this looks much easier
[13:30] {Threei} they misunderstood him... it was just his usual spot to get off the plane
[13:30] {nemo} he had to pee and all the bathrooms were full
[13:30] {Les} ah a frequent flyer!
[13:36] {Threei} NFLX big move off news
[13:40] {Les} AIG popped. stopped
[13:43] {nemo} fdx forming nice base and volume moves
[13:43] {dino} abfs lod
[13:44] {Threei} crap
[13:44] {nemo} oh no
[13:44] {Threei} risk of weight gain and diabetes goes back down in TEN YEARS after quitting smoking
[13:44] {Threei} remind me again why I did it
[13:45] {nemo} diabetes is manageable, small cell lung carcinoma is not
[13:45] {nemo} any questions?
[13:46] {Threei} yes
[13:46] {Threei} ojne I haven't asked for as while
[13:46] {Threei} guess who is on TV
[13:47] {dino} dagny tagart
[13:47] {Threei} you wish
[13:47] {nemo} Carla Gugino
[13:47] {dino} john galt, opps that ws radio
[13:47] {strider} Amerigo Vespucci?
06[13:47] * nemo slaps strider around a bit with a large parchment map
[13:48] {Threei} strider takes prize of the weirdest suggestion
[13:48] {Les} lol thinking big strider
[13:48] {nemo} real prize...that one
[13:49] {Les} why settle for these little weiner hollywood starlets...
[13:49] {nemo} dumb question
[13:49] {dino} lnce stop is .20
[13:53] {dino} stopped
[13:54] {dino} i've gone cold, break time
[14:01] {Threei} - Members did discuss additional steps to normalize lending programs and sees total securities holdings falling after purchases end
[14:01] {Threei} - reiterates predicts unemployment to remain high for some time
[14:07] {Threei} going to try DYAX on .65 break
[14:07] {Threei} same setup and idea as yesterday on ABAT after the drop
[14:08] {Threei} wiulling to hold overnight, too
[14:10] {Threei} UAUA looks to be bottoming and reversing
[14:13] {Threei} .42 long if stays above .35
[14:26] {strider} AMZN in narrow range.
[14:28] {Les} l fcx .50
[14:28] {Les} wow popped.
[14:28] {Les} out .62
[14:29] {Threei} UAUA invalidated
[14:30] {Threei} DYAX more or less working, ever so slowly
[14:32] {strider} out small AMZN +.61
[14:32] {nemo} nice
[14:32] {strider} I needed that.
[14:32] {Threei} wtg
[14:32] {Les} well done
[14:32] {strider} Thanks, Les.
[14:33] {strider} Stomach toughening practice.
06[14:33] * Threei slaps strider around a bit with a large roll of cash diminished by small position
[14:33] {strider} hahaha
[14:33] {Threei} it's a good exercise for intestinal fortitude
[14:34] {strider} If you can stand the swings, AMZN is fairly predictable...just need 50 cent stops.
[14:35] {strider} tracks the QQQQs almost perfectly.
[14:35] {larisa} AMZN was perfect straight downtrend channel today until 131.65 bottom. You exited right when it was breaking downtrend to upside. But entry is nice. very :)
[14:36] {strider} grrr....
[14:36] {strider} I always leave money on the table.
[14:36] {nemo} as long as you're taking some with you
[14:36] {larisa} right
[14:36] {strider} I need to consult with the Mistress of AMZN.
06[14:36] * Threei makes a point to inspect all tables strider sat at
[14:38] {Threei} ehst the hell just happenedz?
[14:38] {Threei} only typed better
[14:38] {nemo} specifically?
[14:38] {nemo} PPT hit the market
[14:38] {Threei} sigh
[14:39] {strider} UAUA at dbl bottom
[14:39] {Threei} careful
[14:39] {Threei} it's not a double bottom really
[14:39] {Threei} it's inverted C&H
[14:39] {strider} not yet, no.
[14:39] {strider} k
[14:39] {strider} I ain't buying.
[14:40] {ilana} on 5 min. chart it is
[14:40] {Threei} 12:05 cup start
[14:40] {Threei} 13:53 cup end
[14:40] {Threei} handle till this moment
[14:42] {strider} larisa, do you trade AMZN regularly?
[14:42] {larisa} it is always on my screen, yes.
[14:43] {dino} .
[14:43] {larisa} it is not easy trader though
[14:43] {dino} gj amzn strider
[14:43] {strider} I know that.
[14:43] {strider} thks, dino.
[14:43] {nemo} be polite strider
[14:43] {ilana} lol
[14:43] {strider} huh?
[14:44] {strider} Hey guys, I'm trying to ask this nice lady some questions.
[14:44] {ilana} "benefits" of virtual socializing
[14:44] {larisa} lol
[14:44] {strider} There are benefits?
[14:44] {Threei} uh oh
[14:45] {Threei} we have two nice ladies uniting
[14:45] {Threei} this never ends well
[14:45] {patience} i'm with them vad
[14:45] {Threei} 3
[14:45] {Threei} I am so outta here
[14:45] {strider} {--------------genuflects humbly.
[14:46] {nemo} Back to my Garden of Eden Joke
[14:46] {Threei} genuflection will save you for just so long
[14:46] {nemo} yeah, expose your neck
[14:46] {Threei} it's a perfect position for a gilottine
[14:47] {Threei} or how you spell that
[14:47] {nemo} hah!
[14:47] {nemo} nice smack on the 7th cervical...gnite Irene
[14:47] {strider} Oh, I see. There ARE advantages to virtual socializing.
[14:47] {Threei} there
[14:48] {strider} Dyax is really jumping, huh?
[14:48] {Threei} sdhrug
[14:49] {Threei} -d
[14:49] {Threei} ABAT did same thing yesterday
[14:49] {Threei} sat with no movement, then jumoped 20 cents into cloe
[14:49] {Threei} then gapped up 30 cents
[14:49] {Threei} 50
[14:49] {strider} nuff said.
[14:49] {ilana} being sarcastic, strider?
[14:50] {Les} I'm in DYAX. Will try a little overnight trading
[14:50] {Les} saw the price target for DYAX earlier. $9 was it?
[14:50] {Threei} yeah
[14:50] {strider} not me, ilana.
[14:50] {strider} never.
[14:51] {Threei} yeah, he usually waits for me to excpress my usual sarastic self, watches what happens to me, then decides of he wants to do that
[14:51] {Threei} (and yes, that was sracasm)
[14:52] {larisa} vad
[14:52] {strider} Every group needs a front man.
[14:52] {Threei} sarcasm too
[14:52] {Threei} larisa... I need new keyboard... or new fingers
[14:53] {Threei} current combination doesn't really work it seems
[14:53] {larisa} spelling today is really unacceptable
[14:53] {larisa} at all
[14:53] {Threei} true
[14:53] {Threei} but I fail to see what is so different from yesterday
[14:53] {Threei} UAUA C&H works like charm
[14:55] {Threei} see the formation?
[14:56] {larisa} i'll be polite and say yes
[14:56] {Threei} oh come on
[14:56] {strider} me too,,,,, me too.
[14:57] {Threei} want me to make a screenshot??
[14:57] {larisa} I see it
[14:57] {strider} Only if you can afford to buy a new monitor.
[14:57] {Threei} without being polite?
[14:57] {larisa} plus 13.22 "secret" support level
[14:57] {dino} wor hod
[14:57] {nemo} I miss those 300 point down days
[14:57] {larisa} me too nemo
[14:58] {nemo} I like blood in the streets and widespread panic
[14:58] {Threei} 13.22 wasn't really serious support
[14:58] {Threei} that tail can be usdually ignored
[14:58] {larisa} yes it was bearish support if you trade camarilla system :)
[14:59] {strider} WOR could be a gapper tomorrow...ya think?
[14:59] {Threei} .30 was normal trigger for a C&H break
[14:59] {nemo} there's that word again
[15:00] {nemo} old cabernet sauvignon
[15:00] {Threei} add vodka
[15:00] {nemo} yeah
[15:01] {nemo} hold on...
[15:01] {nemo} got a bite to it now
[15:04] {ilana} AMZN short...
[15:05] {strider} really?
[15:05] {nemo} nah
[15:05] {strider} I thought Amazons were all tall.
[15:05] {strider} the women, anyway.
[15:05] {dino} last try lnce sm l .26
[15:05] {nemo} rim shot please
[15:05] {strider} maybe short at .70?
[15:07] {nemo} 200 ma at .40
[15:08] {Threei} dino, you did any better today?
[15:08] {Threei} I am still where I was yesterday
[15:08] {nemo} ilona, was right
[15:08] {nemo} sorry, ilana...I know an Ilona
[15:09] {ilana} biiiig difference
[15:09] {dino} 4 for 6, w/2 open
[15:09] {nemo} could be...don't know...virtual and all
[15:09] {nemo} she's a thin blonde muscovite
[15:09] {dino} nice
06[15:10] * nemo might have been right on amazon
[15:10] {nemo} yeah, but her husband is 220 lbs of death
[15:11] {strider} cripes.
[15:13] {dino} out lnce .47, +.21
[15:13] {strider} good play, dino.
[15:14] {nemo} that just broke through the 200 ma, could go for awhile
[15:14] {dino} ty
[15:14] {strider} MRX
[15:14] {dino} yeah too early, may reload
[15:21] {dino} break of .55 maybe to .74
[15:22] {nemo} starting to get a little volume creep dino
[15:27] {nemo} amzn quite the tease, huh Ilana?
[15:27] {ilana} it is, just following the Qs
[15:28] {nemo} or the spy
[15:28] {ilana} yeah
[15:28] {ilana} out anyway, +.13
[15:29] {dino} fmo
[15:33] {larisa} .
[15:40] {dino} vmi stopped
[15:40] {dino} -.27
[15:40] {strider} short MRX .95
[15:41] {nemo} mos might be an overnight hold
[15:42] {dino} wor sm s .75
[15:42] {Threei} Market Internals update at 3:30pmET
[15:42] {Threei} - NYSE volume 840M shares, about even to its three-month average; advancers lead decliners by 1 2:1.
[15:42] {Threei} - NASDAQ volume 1.89B shares, about 12% above its three-month average; decliners lead advancers by 1.2:1.
[15:42] {Threei} - VIX index -2% to just under 19.00
[15:43] {Threei} VIX under 19... mama
[15:45] {Threei} hard to believe this total absence of volatility
[15:46] {patience} most money i made past few months has been overnight holds....but don't get me started on missing momo
[15:47] {dino} thats been the action otherwise it sits all day
[15:47] {dino} wor cov .64, =
[15:47] {dino} .11
[15:50] {strider} cover MRX +.06 :(
[16:00] {larisa} time to go home
[16:00] {Threei} Ok guysd, another day of nothing is over
[16:00] {Les} night all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {nemo} ty gn cya
[16:00] {larisa} bye :)
[16:01] {dino} zumz
[16:01] {Threei} and ZIXI
[16:01] {nemo} lotta' market orders on zixi
[16:02] {Threei} ZIXI Reaffirms Q4 $0.01-0.02 v $0.00e, R$7.9-8.1M v $8Me (1.70, 0.00, 0.00%)
[16:02] {dino} raises guidance to .24 from .18
[16:02] {dino} zumz
[16:02] {Threei} ZUMZ Reports Dec SSS 0.3% v -6.4%e; Guides Q4 $0.24-0.27 v $0.22e (had seen $0.18-0.22)

Labels: , , ,

Tuesday, January 5, 2010

Jan 05 2010

Volume returns in the market and ranges were much wider today. Not much readability still but we are getting there. Probably biggest surprise of the day - airlines, strength against all common sense.

Session Time: Tue Jan 05 00:00:00 2010

[07:41] {Threei} Tuesday, January 05, 2010 7:30:23 AM
[07:41] {Threei} Geron Corp Journal publishes positive data on telomerase inhibitor in Glioblastoma
[07:41] {Threei} - This preclinical data demonstrates that telomerase inhibitor drug, imetelstat, inhibited telomerase activity and reduced tumor size in xenograft models of glioblastoma, and inhibited the activity of glioblastoma stem cells in culture. The data, authored by Geron collaborators at the University of Texas Southwestern Medical Center at Dallas, were published in the January 1, 2010 issue of Clinical Cancer Research.
[07:41] {Threei} - CEO: "Cancer stem cells pose an additional therapeutic challenge. These data add to the growing list of cancer types where the inhibition of cancer stem cells by imetelstat has been shown preclinically. We will further investigate imetelstat's anti-cancer stem cell potential clinically in our Phase II trials in breast and lung cancers, multiple myeloma and chronic leukemias that will begin later this year."
[08:15] {Threei} BLTXX Baltic Dry Bulk Index rises over 4% (2nd straight gain)
[08:31] {Threei} KERX Announces Special Protocol Assessment Agreement with FDA for Phase 3 Registration Program of Zerenex in the Treatment of Hyperphosphatemia
[08:38] {strider} out STEC, +1.22, + 1.88
[08:38] {Threei} wtg
[08:38] {strider} :)
[08:46] {patience} very nice strider
[08:47] {strider} thank you, patience:)
[08:47] {Threei} Iranian commettee denies Senator Kerry visit permission
[08:48] {strider} now, if that don't float his boat...
[08:49] {nemo} I love it
[08:54] {Threei} great
[08:54] {Threei} large study on the outcomes oif quitting smoking
[08:54] {Threei} 70% develop diabetes
[08:55] {nemo} saw that
[08:55] {Threei} now, remnind me why I quit...
[08:55] {nemo} wonder how many are overweight and at what age?
[08:55] {Threei} I knowe I gained 10-15 pounds in rather explosive manner
[08:56] {Threei} barely managed to stop it, let alone shedding them back
[08:56] {nemo} yes...and if people become overweight and are older, they are subject to maturity on-set diabetes
[08:57] {Threei} I like these "oh, increase your physical activity"
[08:57] {Threei} would be fine ifg ZI led cedentary way of life before
[08:58] {Threei} but I was fairly active as it was
[08:58] {Raven} eat less food
[08:58] {Threei} it's not like quitting smoking added me hours to the day so I could exersize more
[08:58] {nemo} Your body had a homeostasis while smoking...It needs to find a new level, then you can work from there
[08:59] {Threei} metabolism wernt down
[08:59] {Threei} which is normal outcome for quitting
[08:59] {nemo} body didn't have to work as hard
[09:00] {strider} Mesa Air files for Ch. 11 bankruptcy protection
[09:01] {strider} Auto sales, pending home sales at 10.
[09:05] {Threei} watching RIMM
[09:05] {Threei} possible short
[09:06] {Threei} .74 trigger
[09:08] {strider} .85 stop ?
[09:08] {Threei} depends on the high of the bounce
[09:09] {Threei} leave it alone, a bit too high
[09:09] {strider} k
[09:09] {Les} morning
[09:09] {Threei} maybe aggressive entry with tight stop
[09:09] {Threei} morning les
[09:11] {fernp} Good morning everybody
[09:12] {Threei} fern
[09:15] {Les} see potash is fashion of the moment
[09:15] {Les} MON had a very nice day yesterday
[09:16] {ese} morning
[09:16] {Threei} ese :)
[09:16] {nemo} dude
[09:17] {_billyc} gm al
[09:17] {Threei} billy :)
[09:17] {dino} gm all
[09:17] {dino} slxp?
[09:17] {Threei} dino :)
[09:18] {Threei} no news that I see on SLXP
[09:19] {ese} dude........
[09:19] {strider} Salix target raised to $58 from $29 at Piper Jaffray
[09:19] {ese} vad
[09:19] {strider} Piper doubled its price target for Salix Pharmaceuticals to $58 and highlighted the stock as its top small-cap specialty pharma pick in 2010. The firm believes the company's pricing power associated with Xifaxan is being underestimated by investors and keeps an Overweight rating on the stock
[09:20] {dino} ty
[09:23] {dino} deo
06[09:24] * Threei slaps lasertrev around a bit with a large missing day in charts
06[09:25] * nemo slaps lasertrev around a bit with a large 2nd the motion
[09:26] {lasertrev} wow, gm
[09:26] {nemo} not for you
[09:26] {lasertrev} didnt know i was so loved
[09:26] {nemo} we're a fickle crowd
[09:26] {nemo} "To Serve Trev"
[09:27] {lasertrev} whats up?
[09:27] {nemo} chart data from yesterday missing to start
[09:27] {lasertrev} ok
[09:29] {nemo} lari :)!!!
[09:29] {Threei} Preview: Dec US Vehicle Sales numbers expected throughout the day from major auto makers
[09:29] {Threei} **consensus estimates y/y (adj):
[09:29] {Threei} - Ford: +13%e (usually released at Noon ET).
[09:29] {Threei} - GM: -11%e (usually released around 1:45pmET).
[09:29] {Threei} - Chrysler: -14%e
[09:29] {Threei} - Toyota: +21%e
[09:29] {Threei} - Honda: +8%e
[09:29] {Threei} - Nissan: +5%e
[09:29] {larisa} gm :)
[09:29] {strider} haven't seen any missing here.
[09:29] {Threei} larisa :)
[09:29] {fernp} charts are working fine already
[09:29] {larisa} is there a problem with buying power on Laser or itis just me?
[09:29] {nemo} ahhh...Vad...try chart server 5
[09:30] {Threei} larisa, switch to the nickname with X
[09:30] {Threei} right upper corner of your Laser
[09:30] {Threei} thanks nemo, works
[09:31] {Threei} lol
[09:31] {Threei} just wehn I started typing short RIMM
[09:32] {lasertrev} is everyones charts working now?
[09:32] {Threei} caught it this time but too fast to alert
[09:32] {nemo} ag names rocketing
[09:33] {Les} GLD .87 B/d?
[09:33] {Threei} on chart server 5 yes trev
[09:34] {Les} FCX
[09:34] {lasertrev} ok thanks
[09:35] {Threei} look at UAUA
[09:35] {Threei} remember we talked yesterday abouth strange strength?
[09:35] {Les} market reality in action hey?
[09:35] {nemo} now that makes as much sense as a screen door on a submarine
[09:36] {Threei} what's wrong with screen door in submarine? keeps mosquitos out
[09:36] {strider} filters plankton.
[09:36] {nemo} mmmhhh...image of mosquito with scuba gear
[09:37] {nemo} amzn coughing up the furball
[09:37] {dino} mesa air bankruptcy
[09:37] {ese} pretty amazing run for uaua since Nov 30
[09:37] {Threei} SORL... we tried to get a break on it yesterday
[09:38] {Threei} UAUA... this starts looking like momo in the making
[09:38] {Les} DAL high as a kite as well
[09:39] {strider} +.31 AMZN scalp
[09:40] {fernp} scalp?
[09:40] {fernp} gj
[09:40] {Les} nice
06[09:40] * Threei slaps strider around a bit with a large roll of cash
[09:40] {Les} how to read DAL Vad?
[09:40] {Les} .80 is sufficient support?
[09:41] {strider} (now, if I can just find that roll of cash....)
[09:41] {Threei} I don't understandf the question les
[09:41] {fernp} LCC, Vad? another airline
[09:41] {Les} sorry, you referring to being almost momo
[09:41] {Threei} they are all running fern,
[09:42] {Threei} and none of them makes any sense
[09:42] {nemo} liquidity rotation
[09:42] {fernp} ok
[09:42] {Threei} (US) Preview: Nov Pending Home Sales due out at 10:00ET
[09:42] {Threei} **consensus expectations:
[09:42] {Threei} - m/m: -2.0%e v +3.7% prior
[09:42] {Threei} - y/y: 31%e v 28.6% prior
[09:43] {Threei} US) Preview: Nov Factory Orders due out at 10:00ET
[09:43] {Threei} **consensus expectation: 0.5%e v 0.6% prior
[09:43] {Threei} FCX
[09:44] {Threei} let's try to find short entry on the bounce
[09:44] {Threei} just above .60, on a first sign of weakness
[09:44] {Threei} ha\lf lot
[09:44] {dino} fdx hl l .25
[09:44] {Threei} with stop above .80
[09:45] {Threei} crap
[09:45] {Threei} no chanced
[09:45] {Threei} right ideas, no chance for entry
[09:45] {ese} l hig pullback .20
[09:46] {Les} nice idea though. I saw these long candles in fcx and thought "no way"
[09:46] {ese} out hig .27 =}07
[09:46] {ese} +.07
[09:46] {dino} abfs, odfl, cnw hold well today, after 2 days of blood
[09:46] {Les} POT
[09:46] {Les} break of 117?
[09:47] {Threei} no
[09:47] {nemo} what's your stop
[09:47] {Les} wanna see consolidation
[09:47] {Les} 1st
[09:47] {Threei} 90 cents spike in two bars
[09:47] {Les} ok
[09:47] {Threei} what kind of risk control is that\
[09:48] {fernp} PXP, Vad?
[09:48] {fernp} 29 break?
[09:49] {Threei} yes
[09:49] {dino} fdx stopped -.26\
[09:49] {Threei} too laste fern?
[09:49] {Threei} or got itZ?
[09:49] {fernp} y
[09:50] {fernp} late here
[09:50] {Threei} took me a few seconds to process, and it jumped
[09:50] {fernp} np
[09:50] {Les} fcx meeting your setup now vad?
[09:50] {Threei} no, not reaslly
[09:51] {Threei} Long Setup: CSIQ half lot
[09:52] {Threei} .85 break
[09:52] {Threei} stop under .70
[09:52] {nemo} too fast
[09:52] {Threei} grrr
[09:52] {fernp} missed too
[09:53] {Threei} CSIQ is likely to pullback hard now
[09:54] {Threei} to about .70, maybe even lower
[09:54] {Threei} let's see if we can catch it there
[09:55] {dino} joyg hl l .75
[09:58] {dino} fdx rinsed
[09:58] {Threei} Short Setup: CSIQ .95 half lot
[09:58] {Threei} if stays under .10
[09:59] {Threei} Short Setup: FCX .70 break half lot
[10:00] {Threei} stop .85
[10:00] {Threei} *(US) NOV PENDING HOME SALES (M/M): -16% V -2.0%E; (Y/Y): +19% V 31.0%E
[10:00] {Threei} US) NOV FACTORY ORDERS: 1.1% V 0.5%E
[10:01] {nemo} now that's some conflicting data
[10:01] {Threei} no kidding
[10:01] {Threei} market is lost
[10:01] {strider} stop csiq
[10:02] {Les} stopped fcx
[10:03] {Les} has tax breaks for housing finished?
[10:03] {nemo} march
[10:03] {strider} long SLXP .58 swing
[10:06] {Les} wfc .65 b/d with .75 stop?
[10:07] {Threei} ICXT Hearing vague takeover chatter circulating (0.01, 0.00, 12.50%)
[10:07] {Threei} WFC, yes
[10:08] {Les} in .64
[10:08] {Threei} needs market help
[10:08] {Les} k
[10:08] {Threei} aas most of them
[10:08] {Threei} but valid setup
[10:11] {dino} joyg to .69 stuck
[10:11] {dino} out -.05
[10:11] {dino} -06 i mean
[10:11] {ese} did i ever misjudge HIG.....nice move
[10:11] {Threei} UAUA non-stop
[10:12] {Threei} looks far from done
[10:12] {strider} short HOG .49 stop .60
[10:12] {dino} sure, now it goes
[10:15] {Threei} Long Setup: ENER .50 break if stays above .40
[10:15] {nemo} nope
[10:16] {Les} stopped wfc
[10:17] {dino} wag l .85
[10:17] {Threei} Long Setup: ATHR .35 break half lot
[10:18] {fernp} .25 stop?
[10:18] {Threei} or .20
[10:18] {Threei} ENER 1:12 in case anyone got it
[10:18] {Threei} 1:1
[10:19] {fernp} missed here
[10:19] {fernp} and stopped WFC
[10:19] {dino} deck
[10:19] {strider} in ATHR
[10:20] {strider} stop HOG
[10:20] {ese} L seed .64
[10:21] {fernp} out ATHR
[10:21] {fernp} ty
[10:21] {Threei} 1:1
[10:21] {nemo} 1/2 out .48
[10:21] {ese} out seed .74 +.10
[10:21] {strider} out +.14
[10:22] {Threei} ENER, grrr
[10:22] {Threei} over 1:3
[10:22] {Les} ty ATHR and vad. +.12
[10:24] {Threei} ese
[10:24] {Threei} see FITB bumping of 2 days resistance?
[10:24] {Threei} .22
[10:25] {ese} in and out seed .87/.94 =}07
[10:25] {ese} +.07
[10:25] {ese} sorry that was too quick to post
[10:25] {Threei} nemo, 1:2
[10:25] {nemo} yep out
[10:25] {Threei} :)
[10:26] {nemo} don't know how much I made of course...TREV
[10:26] {ese} hey vad....been watching that
[10:26] {Threei} look Summary in blotter
[10:26] {ese} fitb that is
[10:26] {Threei} okay :)
[10:26] {Threei} just wanted to make sure
[10:27] {Threei} CIEN Hearing vague takeover chatter circulating
[10:27] {Threei} - Nokia rumored as a potential acquirer (20.55, +0.05, 0.24%) (related NOK )
[10:27] {ese} thats one of your screens correct....2 day highs
[10:27] {dino} esi sm l .35
[10:27] {Threei} yes
[10:28] {Threei} IVAN...
[10:28] {Threei} 3.12 52 weeks high
[10:29] {Les} RIMM .80 b/d with .95 stop?
[10:30] {Threei} hard to tell
[10:30] {Threei} breakdowns didn't really work yet today
[10:30] {Les} being supported by 50 ma
[10:30] {Les} yes
[10:32] {Threei} Long Setup: HGSI 32 break
[10:32] {Threei} if stays above .90
[10:32] {Threei} volume returns to the markets gradually
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 235M shares, about 7% below its three-month average; advancers lead decliners by 1 1:1.
[10:32] {Threei} - NASDAQ volume 540M shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.
[10:32] {Threei} - VIX index -0.25% to just over 20.00
[10:33] {nemo} athr scalpers regret
[10:33] {Threei} ener
[10:33] {Threei} watching for possible entry under .50
[10:35] {nemo} wow, didn't get hgsi lucky
[10:35] {Threei} no go HGSI
[10:35] {fernp} shit. HGSI
[10:35] {Les} stopped HGSI
[10:35] {Les} 3 for 3. time for a pause
[10:44] {fernp} remember my LAMRs from yest at .21?
[10:44] {Threei} you are still in?
[10:44] {fernp} selling here .55
[10:44] {Threei} nice
[10:44] {fernp} ty
[10:45] {Threei} ATHR new high
[10:45] {strider} wtg fern
[10:45] {Threei} can we have it back?
[10:45] {Threei} gofigure... things can't move more than 10 cents for two weeks,, now all of a sudden there is no stopping to the movements
[10:46] {fernp} RMBS on highs
[10:47] {ese} vad whats your volume setting on your 2 dayhigh screen
[10:48] {Threei} 200K
[10:48] {Threei} but you may want to set it higher
[10:48] {Threei} my filters are intentionally loose
[10:49] {ese} sure.......why so loose
[10:49] {Threei} CBAK
[10:50] {Threei} it's that same that run before New Year on rumor of battery for Google phone
[10:50] {Threei} then came out after hours to deny it
[10:55] {Threei} SCON Hearing strength attributed to positive note from MDB Capital (timing uncertain)
[10:55] {Threei} - Shares Initiated at Buy, PT $6.75 (2.85, +0.36, 14.46%)
[11:00] {patience} .
[11:02] {Threei} fern... don't look at LAMR now
[11:03] {fernp} nice breakout here
[11:04] {ilana} RIMM 67 b\o?
[11:04] {fernp} FITB .25 break is valid, Vad?
[11:04] {Threei} RIMM, shart looks good
[11:04] {Threei} whether market helps or not is a concern
[11:05] {Threei} I liked .22 fern... it's valid, it's just very slow
[11:05] {fernp} ok
[11:06] {Threei} SCON can turn into runner if chews through this level .05 - .15
[11:06] {ese} it's valid....i'm long
[11:06] {Threei} IVAN new highs
[11:07] {Threei} ese, you never looked into it, did you
[11:07] {ese} what fitb?
[11:08] {Threei} IVAN
[11:08] {ese} no not ivan
[11:08] {ese} been following long there at .24
[11:10] {ese} had been buying drys slowly...last position 12/15
[11:15] {Threei} ABAT Strength attributed to chatter it has been chosen by Apple to provide batteries for forthcoming tablet computer (4.32, +0.26, 6.40%)
[11:17] {larisa} I want them to create edible comp, so i can eat my keyboard when I am angry :)
[11:17] {Threei} no way... I have hard toime with excessive pounds as it is
[11:17] {ese} hmmmmmmmm
[11:18] {nemo} o.k. Larisa, I'd say you need a vacation, but you just came back
[11:18] {larisa} just tell me I need it, I will go again :)
[11:18] {nemo} You need a vacation
[11:18] {Threei} don't even think about it nemo
[11:18] {larisa} ty
[11:18] {nemo} I just do what I''m told
[11:19] {larisa} ideal man
[11:19] {Threei} ABAT again
[11:22] {Threei} 4.50 is a very tempting resiatance for ABAT
[11:22] {Threei} look at daily
[11:22] {Threei} 08/13
[11:22] {Threei} 09/23
[11:23] {Threei} 09/30
[11:24] {Threei} look at SCON level 2
[11:24] {nemo} whoa
[11:24] {nemo} but it's a dino stock
[11:24] {Threei} MVIS Ticks higher on speculation that Apple's tablet could include a built in projector which could be supplied by MVIS (3.45, +0.22, 6.81%)
[11:25] {Threei} rumor bunker is back from Christmas vacation I see
[11:25] {nemo} yeah, I just heard Jessica Biel asked me to marry her
[11:27] {Threei} 2.95 buyer is serious
[11:27] {dino} do it
[11:27] {nemo} yeah saw that
[11:27] {nemo} I would dino
[11:28] {ilana} HGSI .60 break?
[11:29] {nemo} need some volume into the break
[11:29] {ilana} and if market helps
[11:29] {Threei} can't tell, really misbehaving stock
[11:29] {fernp} are u thinking SCON 3 break, Vad?
[11:29] {Threei} I'd prefer 3.05 fern
[11:29] {ese} fwlt ?
[11:29] {nemo} big offer at .05 also
[11:29] {fernp} ty
[11:29] {Threei} I doubt offers at 3 are real
[11:29] {Threei} but 3.05 sure is
[11:30] {fernp} huge offers at 3
[11:30] {ese} too late
[11:30] {Threei} COIN
[11:30] {Threei} COIN Exclusive Caribbean distributor Matosantos awarded Walmart order
[11:30] {Threei} - received an order for its all-natural, organic fertilizers from Walmart of Puerto Rico. The order ... (0.89, +0.21, 30.88%) more... (related SMG WMT )
[11:34] {nemo} watching abx
[11:35] {strider} RMBS short?
[11:37] {magoo} good day
[11:37] {Threei} hey mags
[11:38] {Threei} not sure strider
[11:39] {ese} fwlt....bull trap....big time
[11:41] {ese} same potential with ctsh.....looks lke it wants to break to new highs but the market is moving the other direction
[11:43] {ese} ctsh looks to be carrying on though
[11:44] {Threei} keeping an eye on ABAT
[11:45] {ese} .45 break bad?
[11:45] {ese} ahhh vad?
[11:45] {Threei} I think so
[11:45] {Threei} main thing is .50 break, IMO
[11:45] {Threei} that should give a start to real momo
[11:46] {fernp} stop is .35?
[11:46] {Threei} maybe half at .45 break and add half on .50
[11:46] {ilana} look at offer at .45
[11:46] {Threei} yes fern
[11:47] {fernp} k
[11:48] {ese} markets tend to move towards size ilana
[11:49] {Threei} often, yes.. acts as magnet
[11:49] {ese} i remember reading that in Josh Lukemans book " The Market Makers Edge"......
[11:49] {nemo} size matters?
[11:49] {ese} L abat .46
[11:49] {strider} me too
[11:50] {fernp} here too
[11:50] {ese} other than vads books....i found that one to be the most informative and reliable
[11:50] {ese} i just didn't know how to use it at the time.......
[11:51] {nemo} good night Irene
[11:52] {ese} but that was indeed one of his statements....being a market maker....because they get paid per trade......"markets tend to move towards size in the short term"....
[11:52] {nemo} looks like abat bounced off size
[11:53] {Threei} just don't come out with denial now, ABAT
[11:53] {ese} abat....."bat out of hell".....just missed stop
[11:54] {Threei} be a good boy, take CBAK's way and deny al you want after hours
[11:55] {ese} we seem to be in bull trap territory in general
[11:56] {Threei} sigh
[11:56] {fernp} out here
[11:56] {ese} stopped
[11:56] {Threei} here is what happens with trading activity guys, so we understand where we are, why it's so tough right now and what to expect
[11:56] {ese} -.07
[11:57] {Threei} for about a year, starting from last fall, we had enormous, pratcically unprecedented volatility
[11:57] {ese} baaaaaaaasssssstad
[11:57] {Threei} VIX hit all time records if I remember correct
[11:57] {Threei} what happens next, when the pendulum goes this far?
[11:58] {nemo} snap back
[11:58] {Threei} naturally, it snaps all the way back
[11:58] {nemo} so now it's quiet as sheep
[11:58] {Threei} exactly
[11:58] {Threei} we are going through other extreme right now
[11:58] {nemo} EOW next
[11:58] {Threei} hours and hours with no movement, day after day
[11:59] {Threei} while nice volatility was there, we had no problem with profiting day after day
[11:59] {Threei} with many days running at 90-100%
[11:59] {Threei} VIX is around 20 now
[11:59] {Threei} volatility all but died,
[11:59] {Threei} so what's next?
[11:59] {nemo} EOW
[12:00] {Threei} another snap back
[12:00] {Threei} with sharp increase in volatility
[12:00] {nemo} probably not until after this earnings season
[12:00] {Threei} this is when we go through two stages:
[12:00] {Threei} first being,
[12:00] {Threei} adjusting to some changes in the movements,
[12:01] {Threei} spotting new sectors,
[12:01] {Threei} new patterns
[12:01] {Threei} not new exactly, rather: which of them work now
[12:01] {strider} long HOG .64, stop .58
[12:01] {Threei} and second being,
[12:01] {Threei} return to normal steady profits
[12:02] {Threei} with occasional bouts of momo movers
[12:02] {Threei} bringing icing on the cake,
[12:02] {Threei} making magoo happy
[12:02] {Threei} and creating general silly bubbling feeling
[12:03] {Threei} so there you go, brief overview of the situation and expectations
[12:03] {Threei} all who are at it for years see nothing out of ordinary - just a phase
[12:03] {Threei} newer traders percieve it differently somewhat, with feeling that it all happens for the first time ever
[12:04] {strider} that would be me.
[12:04] {fernp} IO hod with a nice daily
[12:05] {Threei} Reports Dec US Vehicle Sales +32.8% (unadjusted) v 13%e (adj); to 179K units; vs 0% in Nov (123K units)
[12:05] {Threei} - Total truck and van sales +19% y/y to 64.2K units vs -17.8% y/y in Nov (39.9K units)
[12:07] {dino} bsf drop
[12:07] {strider} bsf
[12:08] {strider} ?
[12:08] {fernp} IO 1:1
[12:08] {Threei} BCRX Hearing recent strength being attributed to reiteration of positive comments by Michael Murphy (7.10, +0.30, 4.41%)
[12:08] {Threei} NSANY Reports Dec US sales +18.2% y/y
[12:08] {Threei} - for all of 2009, sales -19%, at 770K units (17.53, -0.36, -2.01%)
[12:11] {Threei} remember old market adage:
[12:11] {Threei} volume comes first, price movement follows
[12:11] {Threei} look:
[12:11] {Threei} Market Internals update at 12:00pmET
[12:11] {Threei} - NYSE volume 460M shares, about 3% above its three-month average; advancers and decliners are about even.
[12:11] {Threei} - NASDAQ volume 1.08B shares, about 19% above its three-month average; decliners lead advancers by 1.1:1.
[12:11] {Threei} - VIX index -1.75% to just under 20.00
[12:11] {Threei} what a differnce vs last week
[12:12] {fernp} FITB 1:1 from my entry
[12:12] {ese} anybody still long abat?
[12:13] {ese} nice one fern.......40k?
[12:13] {Threei} not me but still watching it
[12:13] {fernp} 2000
[12:13] {Threei} SCON too
[12:14] {ese} just kidding only i'm that dumb
[12:22] {dino} wag stopped .97 +.12
[12:24] {strider} stop SLXP +.03 ,swing. boy that was a disappointment.
[12:25] {strider} out HOG long +.15
[12:27] {strider} my favorite pig showing some strength today.
[12:27] {fernp} gj
[12:27] {dino} you have hog dialed in last few days, gj strider
[12:28] {Threei} yeah, personal ATM
[12:28] {strider} LVS interesting,not sure which way though.
[12:30] {dino} wsm l apol .65
[12:31] {strider} GDS
[12:31] {strider} G
[12:31] {strider} one more time. GS
[12:32] {dino} mnkd
[12:38] {ese} L abat .42
[12:44] {Threei} SCON approached that 3 again
[12:44] {Threei} and looks at the offers with childish curiosity
[12:46] {Threei} how about that
[12:47] {nemo} yeah, whered they go
[12:47] {Threei} I looked away
[12:47] {Threei} my impression is, some got taken, the rest backed away
[12:47] {Threei} right, no?
[12:47] {nemo} looks it
[12:47] {nemo} nothing in over a minute
[12:48] {nemo} stec might be interesting
[12:51] {nemo} those big offers keep backing up on scon
[12:53] {strider} ttry again, short HOG .86
[12:53] {strider} stop hod
[13:01] {strider} short LVS .97 stop 17.01
[13:02] {strider} 18.01 stop
[13:03] {Threei} (IA) China Representative notes that new sanctions against Iran should not happen at the moment
[13:04] {Threei} ICXT Hearing DealReporter commenting that ICXT has hired an advisor to assist in assessing strategic alternatives including possible sale (0.00, +0.00, 12.50%)
[13:06] {magoo} vad, how u doing today? as in 4 for 5 or what?
[13:06] {Threei} nope
[13:06] {Threei} something like 2 out of 5 or so
[13:06] {magoo} what was yesterday?
[13:07] {Threei} what sre you, in census commitee now?
[13:07] {dino} audit comm.
[13:08] {magoo} hey, as a paying subscriber it should be public knowledge lol
[13:08] {Threei} but I am not a paying subscriber
[13:08] {Threei} so I don't possess this knowledge
[13:08] {magoo} I AM
[13:08] {Threei} then I should be asking you {G}
[13:08] {magoo} UUUUHGGGGG
[13:08] {Threei} lol
[13:08] {nemo} partial strider
[13:08] {magoo} in best charlie brown voice
[13:09] {Threei} relax mags... your days are coming
[13:09] {Threei} momos start waking up
[13:09] {magoo} now u are scaring me..thats what wife said last night in a fight
[13:09] {Threei} first hints of them appear
[13:09] {Threei} lol
[13:09] {Threei} UAUA today came close to turning into pure unbrodled momo
[13:11] {nemo} pot should bounce between here and .53 or so
[13:11] {Threei} CIEN Hearing unconfirmed reports that Nokia Siemens is not preparing an offer for Ciena (11.48, +0.46, 4.17%)
[13:11] {Threei} lol
[13:12] {Threei} this is like ruimor about perevious rumor being untrue, right?
[13:12] {Threei} yup:
[13:12] {Threei} ***Reminder: Earlier in the session there was vague takeover chatter circulating citing Nokia as a potential acquirer.
[13:13] {nemo} anybody take pot?
[13:13] {strider} that's kkind of personal, isn't it?
[13:13] {Threei} lol
[13:13] {nemo} DH
[13:13] {nemo} [13:11] {nemo} pot should bounce between here and .53 or so
[13:14] {Threei} get used to it strider... a week ago he asked me about the size of my monitor
[13:14] {strider} monitor lizard?
[13:15] {Threei} don't know why my honest answer "21 inch" provoked bouts of uncontrolled sobbings in him
[13:15] {nemo} mine are 24"
[13:18] {Threei} GOOG Formally announces Nexus One Phone
[13:18] {strider} and he claims to have 5 of them.
[13:18] {nemo} 4+ the laptop
[13:22] {Threei} 10-20 degrees below normal in forecast for the most of USA, including Miami
[13:23] {larisa} my friend just got back from Florida vacation. not happy :)
[13:24] {Threei} I heard Al Gore doesn't pick up his phone these days
[13:25] {strider} c'mon market. take a big dump. You'll feel better.
[13:25] {ese} gotta go all.....still long sm with abat.....dumb....we'll see wha happens at the end of the day......
[13:25] {Threei} take care ese
[13:25] {ese} see ya vad
[13:27] {larisa} bye ese
[13:30] {strider} there are so many ways to do this wrong.....
[13:30] {larisa} i liked your entry on LVS
[13:31] {nemo} yep
[13:31] {nemo} did you not partial?
[13:31] {strider} I was only holding 100 sh. so I didn't.
[13:31] {strider} dummy me.
[13:31] {ilana} HOG wasn't bad as well
[13:32] {strider} yeah. I just took a partial in HOG
[13:32] {nemo} when you have that few shares and are exposed to those extra fees, you take the scalp
[13:32] {strider} no nemo. that's what you do.
[13:33] {nemo} actually, no...I don't buy 100 shares
[13:33] {strider} I'm trying to get some bigger moves this week.
[13:33] {strider} All I meant was that you stated it as though it were a rule.
[13:34] {nemo} well, it was lunchtime or just coming out of it
06[13:35] * Threei grabs a popcorn and takes a seat in first row - fight between scalpers and longer term holders is NEVER boring
[13:35] {Threei} what's wioth ARBA?
[13:35] {ilana} start loving popcorn recently?
[13:36] {Threei} no, hate it wholeheartedly
[13:36] {Threei} single strongest reason I avoid movies
[13:37] {nemo} look at the pileup in lvs at .99
[13:38] {Threei} last news headline I have for ARBA is October
[13:38] {nemo} 18 too
[13:39] {ilana} SUNNYVALE, Calif.--(BUSINESS WIRE)--Ariba, Inc. (Nasdaq: ARBA - News), the leading spend management solutions provider, today announced that it is teaming with Wipro Consulting Services (WCS), a division of the Wipro Ltd. (NYSE: WIT - News), to help companies across India accelerate their spend management initiatives and the results that they deliver
[13:39] {strider} out HOG .78. Formed a dble bottom.
[13:39] {strider} out LVS +.02 , btw.
[13:40] {Threei} is it today?
[13:40] {ilana} yes
[13:40] {ilana} Press Release Source: Ariba, Inc. On Tuesday January 5, 2010, 8:30 am EST
[13:40] {dino} no its yesterday
[13:40] {Threei} k... my wire missed it for some rweason
[13:41] {strider} long HOG .79
[13:42] {nemo} wow, lvs blew through
[13:42] {nemo} it's going momo
[13:42] {strider} dia is rocking
[13:42] {Les} AWIAV?
[13:44] {Les} caught your words over at bill's. appreciate the perspective
[13:45] {Threei} strider finds one killer play aftert another
[13:45] {Les} AWIAS?
[13:45] {Threei} I take back seat and piggyback him
[13:45] {Les} asking wrong person, am i?
[13:45] {Les} AIG at lod
06[13:45] * Threei is now known as a Wrong Person
[13:46] {Les} sounds like a Tarantino film
[13:46] {Les} "The Wrong Man"
[13:46] {Threei} no such film by Tarantino
[13:46] {Les} *sigh*
[13:47] {Les} a possibility, a potential
[13:47] {Les} AIG .50 b/d with .60 stop?
[13:48] {Les} .62 stop
[13:48] {Threei} nah
[13:49] {Les} What are you in strider?
[13:49] {Threei} GM Reports Dec US Vehicle sales -14% (adj) v -11%e (adj) to 160.9K units
[13:49] {Threei} - Affirms Q1 production 650K v 650K unit prior
[13:49] {Threei} - Q4 production 618K v 620Ke
[13:50] {Threei} DT GOOG to offer Nexus for $179
[13:50] {Threei} wow, really?
[13:51] {Threei} early rfeports naimed $500 area
[13:51] {Threei} oh wait
[13:51] {Threei} $179 with T-Mobile contract
[13:51] {Threei} okay then
[13:52] {strider} stop HOG -.02
[13:52] {Les} RIMM - is this what you would define as capitulation Vad?
[13:52] {Les} hi vol.
[13:52] {Threei} not really
[13:53] {Threei} too shallow selling
[13:53] {Les} volume too shallow?
[13:53] {Threei} price dip
[13:53] {Threei} 20-30 cents?
[13:54] {Threei} far from capitulation
[13:54] {Les} k
[13:55] {Threei} getting closer
[13:55] {Les} can you see a bounce in that movement?
[13:55] {Les} or potential for?
[13:55] {Threei} this is sharp selloff with volume spike, likely to produce better bounce
[13:55] {Threei} not ready yet
[13:59] {Threei} ok, probably last leg of selling starts
[13:59] {Threei} one more sharp dive and let's hunt
[13:59] {Les} bounce producing more than a scalp?
[14:00] {Threei} I don't even know yet where there entry is
[14:00] {Threei} you want me to say where the exit will be? :)
[14:00] {nemo} se if qs hold this level
[14:01] {Threei} dive to .80 for entry
[14:01] {Threei} with stop under .70
[14:01] {Threei} ESE Announces Aclara AMI System Win in Florida (35.00, -1.69, -4.61%)
[14:01] {Threei} that's why he left in as hurry
[14:02] {Threei} Market Internals update at 2:00pmET
[14:02] {Threei} - NYSE volume 685M shares, about 7% above its three-month average; decliners lead advancers by 1.1:1.
[14:02] {Threei} - NASDAQ volume 1.59B shares, about 22% above its three-month average; decliners lead advancers by 1.3:1.
[14:02] {Threei} - VIX index -1.1% to just under 20.00
[14:04] {Threei} RIMM half lot
[14:04] {Threei} first strength
[14:05] {Threei} in
[14:05] {Threei} stop under .70
[14:06] {Threei} nope
[14:06] {Threei} something is behind this selling
[14:06] {Threei} too pesristent, not just technical up and down
[14:07] {nemo} google phone?
[14:07] {Threei} it's not like its arrival is unexpected news...
[14:07] {Threei} it was pre-anounced quite a while ago
[14:08] {Les} so I asked before if bounce produces more than a scalp...
[14:09] {Les} a big selloff like that doesn't guarantee trend reversal, or big bounce etc
[14:09] {Threei} hmm?
[14:09] {Threei} lost me
[14:10] {Threei} nothing guarantees anything
[14:10] {Les} I asked if the rimm bounce would be more than a scalp
[14:11] {Threei} I don't even know what to sasy
[14:12] {Threei} this question has no answer whatsoever
[14:12] {nemo} Qs gave it up too
[14:12] {nemo} yeah, watching level II on entry, it was somewhat weak
[14:13] {nemo} Qs sunk...taking everthing with it
[14:13] {Threei} RIMM delling is something differenty nermo
[14:13] {Threei} selling
[14:13] {nemo} absolutely, but if Qs are sinking no way weak stock like that gonna' pop
[14:13] {nemo} imo
[14:13] {nemo} ?
[14:14] {nemo} :)
[14:15] {Threei} it's almost like RIMM is taking Qs with it
[14:17] {Les} $ rising have anything to do with it?
[14:18] {nemo} maybe not rimm, but could have something to do with market
[14:19] {dino} pwrd s hl .32 stop .53
[14:27] {dino} stopped .51, +.19
[14:27] {dino} -
[14:28] {Les} $gold cliffdiving, yet GLD holds up
[14:28] {Threei} GGOG is unlikely reason for this... GOOGitself dropped too
[14:35] {Threei} fern
[14:35] {Threei} you won't believe what popped up on my scvanner today
[14:36] {Threei} care to take a wild guess?
[14:36] {nemo} cpst
[14:36] {Threei} no
[14:36] {nemo} amzn
[14:36] {nemo} sorry
[14:38] {larisa} short?
[14:38] {larisa} sorry :)
[14:39] {Threei} don't even try... it's fern special
[14:39] {nemo} short what larisa?
[14:39] {larisa} amzn
[14:39] {nemo} no...I thought I was over my chart wanted to look at it
[14:40] {nemo} almost looks that way though
[14:40] {nemo} could go either way
[14:40] {nemo} volume break of .50 long
[14:40] {larisa} 134.54 pivot
[14:41] {nemo} yes
[14:41] {nemo} should serve as resistance
[14:41] {nemo} risk/reward sucks, need volume
[14:41] {nemo} short could be below .40
[14:42] {larisa} what was ferns stock vad? :)
[14:42] {Threei} it just won't tell you much
[14:42] {Threei} AMAG
[14:42] {larisa} a bit late amzn. 134.80 level i liked for short
[14:42] {larisa} I see :)
[14:43] {Threei} RIMM pulled back again
[14:43] {Threei} mags, you alive out there?
[14:43] {Threei} look at RIMM's ranges
[14:44] {Threei} no those measly 10 cents for hoirs anymore
[14:45] {Les} so has RIMM returned to old form?
[14:45] {Les} it's been like this before I take it?
[14:45] {nemo} sneaky amzn
[14:45] {Threei} yes, this is much closer to its normal volatility
[14:46] {Threei} and some normal patterns start appearing
[14:46] {Les} ok, so could be one hit wonder or changing trading patterns?
[14:46] {Les} ok
[14:46] {Threei} scalp from .25 to .40 just now
[14:47] {Threei} I don't know Les
[14:47] {Threei} see, here is the problem I constantly have with the way you shape up the questions:
[14:47] {Threei} you expect prediction
[14:47] {Threei} what WILL happen
[14:47] {Threei} this is fundamentally incorrect approach
[14:49] {Threei} trader's view of the world:
[14:49] {Threei} events give me a clue how I need to react,
[14:49] {Threei} I react on them,
[14:50] {Threei} then it's world's business to tell me whether my reaction was right one or wrong
[14:50] {Threei} and ZI will react again on what it tells me.
[14:52] {larisa} who is ZI
[14:52] {Threei} my evil twin
[14:53] {Les} hgsi .95 break?
[14:54] {Threei} les, am I getting through at all?
[14:54] {Les} why
[14:54] {Threei} every time I try to talk to you about major things foer your trading, you switch to something else
[14:54] {nemo} Trade what you see, not what you think
[14:54] {Threei} am I wasting my breath?
[14:55] {Les} belt up nemo
[14:55] {Les} ok have we stopped trading for the day?
[14:56] {Les} I cannot say what I think in confines of this blog
[14:56] {Les} it would take too long
[14:56] {Les} probably requires face to face weekend at bahamas
[14:56] {Les} but thats another year
[14:56] {Threei} ok, I'll drop it
[14:57] {Threei} no, I don't like how HGSI acts on breaks today
[14:57] {Threei} EUR/USD Goldman Sachs Chief Economist O'Neill: expect dollar to rebound; EUR/USD may reach $1.2000 in the next few years (update
[14:58] {Les} HIG hod
[15:00] {Les} but fear not, your breath is not wasted
[15:01] {nemo} It'll sink in
[15:01] {Threei} RAI Reportedly a US judge rules in favor of tobacco companies in challenge of FDA ban on advertising and label designs, colors and graphics
[15:01] {Threei} - ruling also states tobacco claims cannot be banned just because the FDA has regulated the product
[15:02] {fernp} gotta go. Good evening everybody. See u all tomorrow.
[15:02] {strider} see ya fern.
[15:02] {Threei} take care fern
[15:02] {dino} cya fern
[15:02] {strider} Les, pm
[15:05] {Threei} hmm
[15:05] {dino} mmh
[15:05] {Threei} life is a b*tch
[15:05] {strider} B flat?
[15:05] {dino} in the end it doesn't matter
[15:06] {Threei} after a few stops, trying to avoid causing more harm but still to get a better feel for market changes,
[15:06] {Threei} I decided to take a few trades without calling them
[15:06] {Threei} what do you know
[15:06] {Threei} they all worked like charm
[15:06] {Threei} crap :)
[15:06] {dino} i'm struggling today and yesterday
[15:06] {Threei} ABAT .25 entery for double bottom
[15:07] {Threei} three trades on RIMM
[15:07] {Les} well if it aids to clear up confusion...
[15:08] {Les} I can see that conditions have changed in these two sessions...
[15:08] {Les} and I wanna know why, what, how etc
[15:08] {Les} clearly answers cannot be easily given
[15:09] {Les} this is frustrating in age of "google anything I want anytime I want"
[15:09] {Les} :)
[15:10] {dino} les, only cnbc can tell you with abosolute certainty why, what, how. but of course they will be wrong
[15:10] {larisa} lol
[15:10] {Threei} or they will be right but just a tad late
[15:10] {strider} {&Threei} they all worked like charm
[15:10] {strider} [15:06] {&Threei} crap :) Ya know, you could SHARE!
[15:11] {Threei} that was my dilemma strider
[15:11] {Threei} I dtopped calling them to avoid causing more harm
[15:11] {Threei} and to get in tune better before resuming calls
[15:11] {strider} I don't mean the calls. I mean the CASH!
[15:11] {Threei} oh
[15:11] {Threei} sorry, misundferstood
[15:11] {strider} :)
[15:11] {Threei} sure thing
[15:12] {Threei} still not sure I got it,
[15:12] {Threei} see the problem:
[15:12] {Threei} RIMM entry at 14:19,
[15:12] {Threei} .25
[15:13] {Threei} it's exactly the same setup as one that stopped us earlier
[15:13] {dino} mga?
[15:13] {Threei} ABAT .25 entry
[15:13] {larisa} what was earlier call on RIMM?
[15:14] {dino} these moves are crazy for 2 days, 10-20%, my mind is confused
[15:15] {Threei} 14:06 Larisa,
[15:15] {Threei} .82
[15:15] {strider} dino, you need to change drugs.
[15:15] {Threei} with stop under .70
[15:15] {dino} if i ran a fund, i'd sell now and take the rest of year off
[15:16] {Threei} well dino... this loss of orientation in the market happens to us now anf then,
[15:16] {Threei} real question is:
[15:16] {Threei} was there any single time that we haven't got it back?
[15:16] {nemo} no
[15:17] {larisa} second is much better on RIMM:) broken downtrend. imo :) so nexxt time do not be afraid and share :) not cash, but calls!
[15:17] {nemo} it happens once a season
[15:17] {Threei} but it was the same setup at the moment larisda
[15:17] {Threei} larisa, sorry
[15:17] {dino} bizzarro world. how do i buy up 5-9 pts in 2 dats, yet getting stopped on shorts
[15:17] {Threei} cover right part of the chart in both cases
[15:17] {Threei} they are identical
[15:18] {Threei} US) House Speaker Pelosi : final healthcare bill will contain what is needed to hold insurance companies accountable
[15:18] {Threei} oh good
[15:19] {Threei} howe is this such a big mystery what to do with insurance companies
[15:19] {larisa} second time we broke downtrend. and first time we were sliding down in full strendth. but may be i see it differently
[15:19] {dino} autos, then banks, next heath, airlines, etc
[15:19] {Threei} are you looking at the right time stamp, larisa?
[15:19] {nemo} no, the unions own the auto companies, they'll leave them alone
[15:20] {Threei} 14:06
[15:20] {dino} govt owns gm w/unions
[15:20] {Threei} bottom at .71, jump to over 66,
[15:20] {dino} and gmac
[15:20] {Threei} pullback to .80
[15:20] {Threei} clean prep for double bottom
[15:21] {Threei} second one could just drop to 65 and below just as well, ruining thias second setup
[15:21] {Threei} would be exact repetition of first one
[15:22] {Threei} small lear jet has crashed near the City of Chicago in a forest reserve - CNN
[15:22] {larisa} my chart setting are different from yours, so i will not argue. Can I like one setup more than the other? :)
[15:23] {Threei} you - can
[15:23] {larisa} please?
[15:23] {larisa} ty
[15:23] {Threei} I just can't say no to you
[15:23] {larisa} ty
[15:25] {Threei} (whispering) but it's the same setup (running away)
[15:26] {larisa} if you connect tops on that selloff you will see what I mean. Again, i use tick charts, may be it is not visible on time bars
[15:26] {larisa} and i am too lazy to check :)
[15:27] {Threei} gimme a few secs
[15:28] {Threei} on my chart, 14:22 entry would be what matches your idea
[15:29] {Threei} breaking over that descending line through the tops
[15:31] {Threei} SORL, this is annoying
[15:31] {Threei} we couldn't get it to break 9.40 yesterday
[15:31] {Threei} day ended with no triggering
[15:32] {Threei} or was it .36
[15:33] {larisa} I opened 1 min. it is ugly and now i see why you are arguing with me. On tick chart it is perfect trendline from 1 pm to 14:15. and your entry was first pullback after breaking downtrend . beautiful :) done with it:)
[15:34] {Threei} actually I am arguing with you becvause I like arguing... but hey :)
[15:34] {larisa} lol
[15:44] {dino} out cnw +.27
[15:45] {larisa} gj
[15:45] {dino} thx
[15:50] {dino} pgm
[15:52] {Threei} so, is insane move by airlines done or frikin UAUA gapos ovwer 14 tomorrow and keeps going, lol
[15:53] {strider} Just gapped and sat there today. I wouldn't bet on another gap.
[15:53] {Les} spy finishing at new high for year. why not go higher?
[15:53] {Threei} sat there?
[15:54] {dino} look at cal
[15:54] {Threei} it went up a buck after the gap
[15:54] {dino} oil up, terror up, hmmm
[15:54] {strider} looking at a 5 min chart, looked like about .60 to me.
[15:54] {Threei} 12.87 intraday low
[15:55] {Threei} no kidding dino, this is one of the stragest things I;ve seen
[15:55] {strider} yeah. Did it mostly in the first 15 min.
[15:56] {strider} My point was just that it wasn't a continuous climber through the day.
[15:56] {strider} Got to where it was going early.
[15:57] {magoo} MOS reports after bell
[15:57] {strider} Don't know if that's relevant.
[15:57] {Threei} just in a sense of whether there was a setup to use or not
[15:57] {Threei} with this move, not really
[15:58] {dino} out bth +.22
[15:59] {larisa} I want clear answer if market is going to sell and when..
[15:59] {Threei} no it's not
[15:59] {strider} that seems only fair, larisa.
[15:59] {Threei} is "when" still relevantZ?
[15:59] {nemo} I don't think it sells until $ strengthens significantly and interest rates rise
[15:59] {dino} out apol .90, +.25
[15:59] {Threei} if so, then it's not going to sell tomorrow
[16:00] {nemo} No place else to put money
[16:00] {Threei} ot after tomorrow
[16:00] {larisa} sigh
[16:00] {Threei} from everything i SEE,
[16:00] {Threei} THIS MOVE IS NOT OVER YET
[16:01] {Les} ok night all
[16:01] {Threei} I am not even sure about dfollar nemo
[16:01] {strider} night, les.
[16:01] {Threei} I mean, it may strengthen (and I beliueve it will)
[16:01] {Threei} yet market won't budge
[16:01] {nemo} me neither, but there is no place else to put money right now
[16:01] {nemo} real
[16:02] {nemo} bonds...yeah right
[16:02] {magoo} vad, what move? the upward market trend u referring too?
[16:02] {Threei} yeah
[16:03] {larisa} too me market feels exhausted. Even with a rally yesterday. But it feels this way for a month already :)
[16:03] {Threei} it gives cracks, starts breaking... then just regains strength and continues charging
[16:03] {magoo} everybody and i mean everybody expects fall in february
[16:03] {Threei} that's eactly thwe point larisa
[16:03] {Threei} not even month,
[16:03] {Threei} it feels exhausted entrire fall
[16:03] {Threei} and just goes and goes
[16:03] {Threei} why Feb mags?
[16:03] {dino} things' been running this way since march 15th
[16:04] {Threei} I heard theories (silly ones to say honestly) about Jan, for various tax reasons
[16:04] {Threei} Feb is new for me
[16:04] {dino} but these last 2 days are a bit insane imo
[16:04] {magoo} some baloney statistic of a green first day in jan pulls for a green january, but then death
[16:04] {dino} 10-20% in days, beware a pullback of 5-10%
[16:04] {Threei} ah... okay... :)
[16:05] {Threei} I would be happy to get some serious selloff
[16:05] {Threei} would make trading so much easier
[16:05] {dino} well, told you my problem earlier
[16:05] {Threei} yeah
[16:05] {magoo} as long as we recognize it and dont fight the trend vad
[16:05] {Threei} we rarely do
[16:06] {magoo} the log in to your site is "trendfighter" hwe he
[16:06] {Threei} huh?
[16:06] {Threei} since when
[16:06] {magoo} go to site and log in lol
[16:07] {Threei} you lost me
[16:07] {Threei} but that's OK{ a lot of people lose me
[16:07] {Threei} and I lose them
[16:07] {Threei} I live in a Lost World
[16:07] {Threei} funny label on TV
[16:08] {Threei} awaiting pres Obama terror update
[16:08] {Threei} okay guys, thank you all
[16:09] {Threei} have a good evening, see you tomorrow
[16:09] {nemo} gnite

Labels: , , ,

Monday, January 4, 2010

Jan 04 2010

Volume improved a bit but the market stayed locked for the most part of the day which didn't provide many trading opportunities. with a few winning trades scattered here and there, stops still prevailed.

Session Time: Mon Jan 04 00:00:00 2010

[08:10] {ese} good morning and happy new to you all
[08:10] {nemo} dude
[08:11] {strider} :)
[08:11] {strider} you're up early, ese.
[08:11] {ese} dude
[08:11] {ese} st
[08:11] {strider} STEC may be moving.
[08:11] {ese} ya for sure.....couldn't sleep.....couldn't wait to get back to it
[08:12] {Threei} CPHD Receives FDA Emergency Use Authorization for First 2009 H1N1 Influenza Assay for CLIA 'Moderate Complexity' Laboratories
[08:12] {Threei} LVS UBS Raised LVS to Buy from Neutral, price target: $20
[08:12] {ese} had my eye on it when it was in the 12's
[08:12] {Threei} good morning
[08:13] {ese} but didn't like the volume last month and was not sure about's made anice move into 16/17
[08:16] {ese} read on the weekend that there is still 3.2 trillion dollars sitting in money market funds yet to be committed to the market
[08:20] {ese} things are as they should be the time those people decide to commit....the market is at a top and then they ....welll you figure it out
[08:23] {ese} morning the way.....
[08:23] {Threei} ese :)
[08:25] {ese} baltic dry index up for the first time in 15 sessions
[08:28] {ese} you got your eye on anything vad
[08:30] {Threei} LVS
[08:30] {Threei} CPHD
[08:30] {Threei} NVDA
[08:30] {Threei} NVDA Broadpoint AmTech Cuts NVDA to Sell from Hold, price target: $14
[08:31] {nemo} In "Normal" times January tends to be tech sell off time
[08:38] {ese} now why is that nemo?
[08:39] {nemo} it's been a consistent cycle, likely because so much tech today is consumer related..after Xmas, time for a respite
[08:45] {ese} gotcha....makes sense
[08:49] {ese} this is the start of how many years trading Vad ?
[08:50] {Threei} 14th
[09:02] {Threei} Las Vegas Sands Corp Goldman Sachs Reinstating coverage with a Neutral rating
[09:02] {Threei} - Believes company is in a better position, both financially (leverage down to 6.4X from 10X) and from an operational perspective ($500M in cost cuts), than it was just a few quarters ago
[09:02] {Threei} - The restart of construction in Macau and the Singapore opening provide a growth path. However, the Las Vegas market faces 13% supply growth that could weigh on room rate recovery, the Singapore ramp is likely to be volatile given the phased opening, and the company still faces increasingly challenging covenant tests at the US restricted group.
[09:05] {ese} long 15 .65 vad?
[09:05] {ese} or 15.70
[09:06] {Threei} so far .65 break... but I'd really prefer the setup to form a bit later
[09:12] {ese} vad do you already have an order of some kind in? or do you wait
[09:13] {Threei} no, just waiting for a setup to shape up
[09:13] {ese} tks
[09:13] {Threei} gap is too big for me to just jump in here
[09:13] {nemo} yeah, look at the offer at .65
[09:14] {nemo} Hey Raven, wings cold?
[09:14] {Threei} what's the rush... whole year ahead
[09:14] {ese} indeed
[09:20] {Les} yeh but we wanna make money now!
[09:20] {Les} gm :)
[09:21] {Threei} morning les
[09:21] {dino} gm all
[09:21] {Threei} dino
[09:22] {Raven} morn nemo ... wings at 23F
[09:22] {strider} morning all.
[09:22] {Threei} strider :)
[09:22] {fernp} Good morning everybody. Happy 2010
[09:22] {Threei} fern :)
[09:25] {strider} STEC small move
[09:25] {lasertrev} morning
[09:26] {strider} morning trev.
[09:26] {Threei} trev :)
[09:26] {lasertrev} :)
[09:26] {Threei} trev, should we use x-account or normal one today?
[09:26] {lasertrev} yes
[09:26] {strider} ha!
[09:26] {nemo} that was helpful trev
06[09:26] * nemo slaps lasertrev around a bit with a large trout
[09:26] {Threei} good answer... let's try again? :)
[09:27] {nemo} ahhhh....first trout of the year!
[09:27] {lasertrev} lol, x account please
[09:27] {Threei} is it for the whole year?
[09:27] {lasertrev} from now on
[09:27] {lasertrev} forever
[09:27] {ese} good to get that off your chest eh nemo
[09:27] {Threei} can they take away non-x one?
[09:27] {fernp} holaun da s
[09:27] {Threei} 'cause I know one day I'll forget to switch
[09:27] {fernp} ooops
[09:27] {fernp} wrong window
[09:28] {nemo} ehhh...just lucky
[09:28] {lasertrev} i think they will shortly
[09:30] {ese} and were off.....good luck to this year
[09:30] {ese} all
[09:31] {strider} AMZN drop
[09:32] {ese} L lvs .64
[09:34] {fernp} NVDA dropping
[09:34] {Les} .78 b/o fcx?
[09:34] {Les} .82 excuse me
[09:34] {ese} out lvs .70 +.06
[09:35] {Threei} I'd take .80 break
[09:35] {Les} holdign .70
[09:36] {ese} tks for lvs vad
[09:36] {Threei} :)
[09:36] {Threei} offer FCX closer to 83 les
[09:36] {Threei} should spike now
[09:37] {Threei} there you go
[09:38] {Les} nice one
[09:38] {Les} but not in
[09:38] {strider} RGR upgrade nemo:)
[09:39] {nemo} hehehe
[09:39] {Threei} why nor... perfect setup
[09:39] {dino} meli
[09:40] {Les} what? RGR b/d?
[09:40] {Threei} I am talkjing about FCX
[09:40] {Les} oh
[09:41] {Les} trouble filling. whatever algorithm manages paper trading didn't wanna let me have it
[09:41] {strider} NVDA bounce
[09:42] {Les} chased a couple of cents but not further. damn thing was bouncing up and down
[09:43] {Les} fcx seems strange after moving so sleepily last few weeks
[09:45] {Les} why is GLD ranging so tightly?
[09:45] {Threei} (US) Preview: Dec ISM Manufacturing Index due out at 10:00ET
[09:45] {Threei} **consensus expectations:
[09:45] {Threei} - ISM Manufacturing: 54.3e v 53.6 prior (estimates range between 52-56).
[09:45] {Threei} - Prices Paid: 57.2e v 55.0 prior.
[09:46] {ese} if you get a chance take a look at lvs again vad
[09:46] {Threei} CSIQ strength, interesting against the background of FSLR weakness
[09:47] {Threei} volume dries up into this advance ese
[09:47] {Threei} I don't like it for long
[09:47] {ese} tks
[09:49] {nemo} lvs right at some long-term level I have on my charts
[09:49] {strider} hosrt HOG .55
[09:49] {strider} short
[09:49] {Threei} BRCM
[09:50] {Threei} wow ARST
[09:51] {Les} fcx b/d .25 trigger .40 stop?
[09:53] {_billyc} Good Morning All.
[09:53] {Threei} billy :)
[09:53] {Threei} Long Setup: BRCM .32
[09:53] {Threei} if stays above .25
[09:56] {Les} out fcx .10 +.13
[09:57] {Les} BRCM still valid?
[09:57] {Threei} nah
[09:57] {Les} k
[09:57] {fernp} stopped here
[09:58] {Threei} shakeout
[09:58] {fernp} grrrr
[09:59] {strider} out +.04
[10:00] {Les} volume die off in fcx. traders awaiting news release?
[10:00] {Threei} *(US) DEC ISM MANUFACTURING INDEX: 55.9 V 54.3E; PRICES PAID: 61.5 V 57.2E
[10:00] {Threei} US) NOV CONSTRUCTION SPENDING (M/M): -0.6% V -0.5%E
[10:00] {Threei} - prior revised from 0.0% to -0.5%
[10:00] {Threei} that was very rude of BRCM
[10:00] {fernp} yeah
[10:01] {fernp} CSIQ if breaks .20, Vad?
[10:02] {Threei} chgart is right, it's just this stock that is so not a breakout one...
[10:02] {Threei} not sure
[10:02] {fernp} 5 cents spread
[10:02] {fernp} don't like it. TY
[10:03] {Les} brcm again vad? .50 trigger?
[10:03] {Threei} not by me
[10:04] {Threei} it managed to shake us out even on pullback entry
[10:04] {Threei} no frikin way I'd go for breakout on it
[10:05] {dino} cagc
[10:06] {Les} ok. so one can take a shakeout as a warning of unpredictability?
[10:06] {Threei} rather: it's not a stock that can be traded today this way
[10:10] {Threei} interesting thing that intrigues me:
[10:11] {Threei} oil is going up, security concerns make travel less attractive,
[10:11] {Threei} yes look at UAUA
[10:11] {fernp} HIG .71, Vad?
[10:11] {dino} was thinking same 3i, should be crushed
[10:11] {Threei} worth a try
[10:12] {nemo} could be a volume exhaustion spike fern
[10:12] {strider} out HOG +.18
[10:12] {fernp} ok
[10:12] {Threei} yes dino
[10:12] {fernp} gj strider
[10:12] {dino} gj strider
[10:12] {Les} oh right, you mean its relative strength?
[10:12] {Les} nice st
[10:12] {Threei} instead of hard landing, holds fairly close to highs on daily
[10:12] {nemo} PPT at it again
[10:12] {strider} thanks guys
[10:13] {Threei} in red today but not the kind of red you'd expect looking at the situation
[10:13] {Les} so traders not ready to sell off airline stocks yet?
[10:13] {Threei} I'df keep an eye on the sector
[10:14] {dino} their expenses are going up huge, fuel/security, plus they never really make $ anyway
[10:14] {Threei} fern, on HIG
[10:14] {dino} would have rather obama took them over instead of autos
[10:14] {Threei} .65 or .60
[10:14] {nemo} any bets traders betting on government backstop
[10:14] {Threei} both are valid
[10:14] {fernp} ty
[10:14] {dino} good point nemo
[10:15] {strider} jumped the trigger
[10:15] {strider} HIG
[10:15] {Threei} don't chase, see if it pulls back
[10:15] {strider} k
[10:15] {fernp} yeah, was impossible
[10:17] {Les} UAUA related to JAL's success in getting further subsidies?
[10:17] {Les} new bailout coming?
[10:18] {Les} sorry Nemo, my intellect clearly lags yours
[10:18] {nemo} huh? what?
[10:18] {Les} bailout of airlines
[10:19] {nemo} wouldn't be the first time Les
[10:19] {Les} :D
[10:19] {Threei} if went for HIG on this pullback, stop is under .65
[10:19] {Threei} no two options anymore
[10:20] {Threei} anf eel free to start booking
[10:20] {strider} AMZN dying today.
[10:20] {nemo} Xmas over
[10:21] {Threei} this is what I thought of Xmas of 2008, nemo
[10:21] {Threei} but then next one came so quickly
[10:21] {Threei} I was like "wait a minute, didn't we just do thwe whole thing"
[10:21] {nemo} lotta' short coma
[10:21] {nemo} that year
[10:21] {Threei} must be age thingy
[10:21] {ese} L egle .21
[10:22] {Threei} years start flying by rapidly
[10:22] {Les} keep it to yourselves. some of us don't want to know about ageing yet...
[10:23] {Les} although with daughter turning 9 on new years, age is catching up fast...
[10:23] {Threei} you keep it to yoursel;f, sdome of us don't want to hear about that energetic youthfoulness
[10:23] {strider} youthfoulness :)
[10:24] {Les} threw that out the window when I chose to sit down 6 hours a day with you vad
[10:24] {Threei} I thought you'd tap in that strider :)
[10:24] {Les} growing respectable beer gut now
[10:24] {ese} egle stop .15
[10:25] {Threei} ok, let's try this
[10:25] {Threei} Short Setup: BRCM .30 break
[10:25] {strider} duh
[10:26] {nemo} nope
[10:26] {Les} if holding?
[10:26] {Threei} .40
[10:26] {strider} k
[10:27] {strider} I think not, said Descartes.
[10:27] {strider} And promptly disappeared.
[10:27] {ese} rats....missed lvs
[10:28] {nemo} that was Bilbo
[10:28] {strider} Sat through the Trilogy this weekend. God, that's long.
[10:28] {ese} yup
[10:28] {Threei} Short Setup: AIG .60 break if stays below .70
[10:28] {dino} arst
[10:30] {strider} in .57:(
[10:30] {Threei} wow... entry 29.5999
[10:30] {Threei} lol
[10:31] {strider} insider trading.
[10:31] {strider} X rocks.
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 220M shares, about 15% below its three-month average; advancers lead decliners by 6 9:1.
[10:31] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; advancers lead decliners by 4.2:1.
[10:31] {Threei} - VIX index -3.5% to just over 20.50
[10:32] {Threei} volume improves significantly
[10:32] {Threei} what's with VVTV?
[10:32] {Threei} I see no news
[10:35] {Threei} BAC CEO says BoA does not have to change their strategy- TV interview (15.48, +0.42, 2.79%)
[10:35] {Threei} because old one worked so well for them I guess?
[10:36] {dino} lol
[10:36] {Threei} anyone is still in HIG?
[10:37] {strider} lemme guess. You are.
[10:37] {Threei} no
[10:37] {dino} wow bucy
[10:37] {Threei} sold .81
[10:38] {magoo} morning
[10:38] {Threei} mags :)
[10:39] {Threei} let's scratch AIG here
[10:39] {Threei} doesn't feel right anymore
[10:40] {Les} yes not confident of it. ty.
[10:40] {fernp} out
[10:45] {Les} FCX creating large ascending triangle.
[10:48] {Threei} Short Setup: RIMM .65 break
[10:48] {Threei} if stays under .76
[10:49] {Threei} opposite setup is valid as well
[10:49] {fernp} SDS breakdown, Vad?
[10:49] {Threei} yes
[10:49] {fernp} k
[10:50] {Threei} WATG Update: Electric Motor to be Installed in Electrical Taxis (12.67, +0.93, 7.92%)
[10:50] {Les} ok. l rimm .77
[10:51] {Threei} WATG - Announced that one of its major customers, WEV has obtained 100 AEV licenses for its electric taxis from the local government, which is planning to increase the number of licenses accordingly in the following years. Wonder Auto's electric motor will be installed in these taxis, which include more than 10 different models of 2-seat and 4-seat vehicles.
[10:51] {Threei} - Electric motors will become another strong growth driver to our total sales revenue in the future.
[10:52] {Threei} RIMM if works, looks to me good for above .90
[10:53] {strider} stop .60 or .65?
[10:53] {Threei} .65
[10:54] {Les} stopped again
[10:59] {strider} short HOG .61
[11:00] {strider} next time I think about trading RIMM, someone please whack me with a large trout.
[11:00] {dino} will do
[11:00] {Threei} you know that's going to be the exact time it works like charm, right?
[11:00] {strider} thks
[11:01] {strider} yeah, but 1 win vs. multiple losers doesn't work for me:)
[11:01] {Les} CAT is on a roll
[11:03] {dino} hl s arst .28 stop .51
[11:04] {dino} bucy one more spike then down
[11:04] {patience} .
[11:05] {dino} here it comes
[11:07] {nemo} this cold weather might keep bucy going, joyg keeps going
[11:08] {Threei} and we thought global warming meant we can short them
[11:08] {nemo} climate change
[11:11] {Les} X .10 b/d? .25 stop?
[11:11] {dino} stopped arst
[11:11] {Les} am looking to see if it bounces off 50 MA
[11:11] {Threei} 50/50 X
[11:12] {Les} k
[11:16] {Les} l X .21. tight stop
[11:16] {fernp} SWKS interesting
[11:20] {Les} stopped X
[11:21] {strider} short HOG, avg. .575, stop .60
[11:21] {strider} stop .65
[11:24] {dino} bucy sm s .85 bstop .02, jumpy
[11:26] {Les} vad X 58 B/d?
[11:27] {Threei} STILL 50/50
[11:28] {Les} ok. has fallen through 50 ma. will wait for backtest of resistance
[11:30] {Les} CAT?
[11:31] {Les} .90 b/o?
[11:31] {Threei} hard to tel, actual high is .95
[11:32] {fernp} btw SDS hit 1:1
[11:32] {Threei} yup, saw that
[11:32] {Threei} if CAT holding .85 from now on, maybe worth it
[11:33] {Les} ok. 50 MA playing catch up
[11:33] {Threei} but with stop this tight, don't just scalp it
[11:33] {Threei} unless you play huge shares
[11:33] {Threei} offer half into spike over .95
[11:34] {dino} bucy stopped -.17\
[11:34] {Threei} and try for second half well above 59
[11:34] {Les} what? you meant aggressive entry at .85?
[11:34] {Threei} hmm?
[11:35] {Les} was waiting for new high to be broken
[11:35] {Les} .95
[11:35] {Threei} I was answering about .90 break entry
[11:35] {Threei} here is exit for firsat half
[11:35] {Les} ahh. I upped entry to .95 when you said that
[11:37] {Threei} didn't imply change of entry
[11:37] {Les} understood now
[11:37] {Threei} here comes exit for second half
[11:37] {Threei} and first idiot hour this year starts with:
[11:37] {Threei} US Economist Krugman: House prices may fall another 5-10%; there is a 30-40% change of double dip recession
[11:37] {Threei} - Feels that the Fed ending of MBS purchases could add a full point to mortgage rates and will not be helpful
[11:37] {Threei} - Fed must provide more stimulus
[11:37] {Threei} - notes that unemployment will likely rise and housing may be struggle after March
[11:38] {nemo} I'm picturing the alcoholic priest in the liquor store in that bad Keanu Reeves movie
[11:38] {Threei} let me reiterate, in case you missed the apogee of idiocy:
[11:39] {Threei} - Fed must provide more stimulus
[11:39] {Threei} - Fed must provide more stimulus
[11:39] {Threei} - Fed must provide more stimulus
[11:39] {nemo} Does Krugman suggest who will buy all the new debt?
[11:40] {Threei} as most lefties, he doesn't bother much with reality
[11:40] {Threei} not that righties are much better, mind you
[11:41] {nemo} no they just cut taxes without comparable spending cuts
[11:41] {Threei} yeah
[11:41] {fernp} any read in AMAT, Vad?
[11:41] {Threei} I hate its slowness fern
[11:41] {fernp} ok ok
[11:41] {Threei} today is incredible day for it
[11:42] {Threei} it's the fastest I've seen it in many years
[11:42] {fernp} lol
[11:42] {strider} stopped HOG -..09
[11:43] {nemo} gone to the trough one too many times.hahahaha
06[11:44] * strider slaps nemo around a bit with a large slab of bacon.
06[11:44] * Threei hands strider huge frozen trout
[11:44] {strider} That's a fair trade.
[11:44] {nemo} cmon, that was a good one
[11:44] {dino} nemo, constantine?
06[11:44] * strider slaps nemo around a bit with a large gold star.
[11:44] {nemo} yeah, that was it
[11:45] {Threei} two federal marshals shot in courtroom in LV
[11:45] {nemo} cool
[11:46] {nemo} amzn developing reverse H&S
[11:46] {ese} vad do you have any copies of your book let after christmas
[11:46] {Threei} which one?
[11:46] {ese} left
[11:46] {ese} techniques of tape reading
[11:46] {Threei} I never had that
[11:46] {Threei} we don't sell it
[11:47] {Threei} MPP we do
[11:47] {ese} oh
[11:47] {Threei} icon on our site provbides a link to Amazon
[11:48] {ese} my brother is coming in from toronto on wed and i wanted to give him a copy
[11:48] {Threei} so I can make a search easier :)
[11:48] {ese} how bout profit plan
[11:48] {dino} easier to give him a beer
[11:48] {fernp} hey Vad, is still available your first online-book called job-daytrade?
[11:48] {Threei} that one I have ese
[11:48] {nemo} nice spanish syntax there fern
[11:48] {Threei} lol... no fern
[11:48] {fernp} ok
[11:49] {ese} ok.....will pop by one day after wed to get one
[11:49] {Threei} everything it had is in latest wortks, and much more
[11:49] {fernp} thanks for the info
[11:50] {Threei} gosh, how did you even find out about it... I thought it's long forgotten
[11:50] {fernp} in AMAZON reading your bibliography
[11:51] {Threei} I guess it's true that whatever appeared on Internet is there forever
[11:52] {Threei} now, how do I track down that video...
[11:52] {nemo} oh 'Vadimals"?
[11:52] {strider} I think the dept. of HEW took that one off, vad.
[11:53] {fernp} I spent some hours this weekend trying to fing the damn book :-)
[11:53] {ese} HEW?
[11:53] {strider} old.........
[11:53] {strider} Health Education, Welfare.
[11:53] {ese} ah
[11:54] {Threei} I stumbled onto it on some of old hardrives recently fern... was fun to reread it
[11:55] {Threei} not bad for early attempt actually... just a bit too "abbreviated" I'd say
[11:55] {Threei} written with assumption that a reader has tghe same observations as I do
[11:55] {Threei} TTR starts way earlier and goes way farther
[11:56] {ese} excellent book.......if i do say so myself
[11:57] {Threei} I wholeheartedly agree
[11:57] {fernp} so TTR is an evolution of "job-daytrade"
[11:58] {fernp} yeah, great book
[11:58] {Threei} you can call Job - Daytrader a table of content for TTR :)
[11:58] {Threei} exaggerating a bit of course...
[12:00] {strider} long STEC 18.05/stop 17.90
[12:00] {Threei} JOYG...
[12:00] {Threei} huge offer at .40
[12:01] {nemo} not sure when I put it there, but I have resistance at .52 on joyg
[12:01] {Threei} half lot long on break if stays above .30
[12:01] {Threei} forecast for a freeze to become even deepewr
[12:02] {nemo} I looked at the 15 day forcast here, barely gets to freezing at any time during that period
[12:05] {dino} 4 days in row here under 16
[12:05] {Threei} Market Internals update at 12:00pmET
[12:05] {Threei} - NYSE volume 395M shares, about 15% below its three-month average; advancers lead decliners by 8 4:1.
[12:05] {Threei} - NASDAQ volume 895M shares, about 4% below its three-month average; advancers lead decliners by 3.9:1.
[12:05] {Threei} - VIX index -6.5% to just over 20.00
[12:07] {ese} out egle .27 +.06
[12:10] {fernp} .40 huge offer has disappeared, no?
[12:10] {nemo} no
[12:11] {fernp} invalidated anyway
[12:11] {Threei} yeah
[12:14] {Les} CAT .90 b/d Vad?
[12:14] {Les} .95?
[12:15] {Threei} if market reverses...
[12:15] {Les} k
[12:15] {dino} arst hl s .55, stop .82
[12:18] {fernp} any read BRCD, Vad? nice daily
[12:18] {nemo} yeah fern...pain and suffering
[12:19] {Threei} lol... pretty much
[12:19] {Threei} the way I see BRCD:
[12:19] {Threei} very good daily, , if market stays strong it will go higher, but
[12:19] {Threei} the only way tyo utilize ity wituout holding overnight or being tortured the whole day is
[12:20] {Threei} buy morning break and use this early opening volatility
[12:20] {Threei} pretty much as it did this morning
[12:20] {fernp} ok, thank you
[12:20] {Threei} look at 25 cents spike in one bar,
[12:20] {fernp} yeah
[12:20] {Threei} then whole day 10 cents range
[12:20] {ese} L seed .62
[12:21] {Threei} wow, nice one eswe
[12:22] {ese} out seed .71
[12:22] {ese} +.09
[12:22] {ese} scary
[12:23] {dino} abfs hl l .75 stop .48
[12:28] {Les} short cat .90 since 12:20. small bounce. b/d likely with market help
[12:29] {Threei} yeah it looks fine by itself, just needs market to help
[12:29] {Threei} or at least not to get in the way
[12:31] {strider} Anybody else having trouble getting Nasdaq fills?
[12:31] {fernp} not here, st
[12:32] {nemo} dino...check bucy 65 call volume
[12:33] {strider} been that way since last week. Thought it was light volume, but...
[12:34] {strider} stopped STEC
[12:34] {dino} 65s
[12:35] {nemo} yeah
[12:37] {dino} cnw, odfl, abfs blood again, 2 days brutal
[12:43] {Les} stopped CAT flat
[12:47] {dino} arst to .52
[12:51] {dino} cov arst .31, +.24
[12:51] {Threei} HGSI
[12:52] {Threei} probably not a player today but worth keeping in mind for tomorrow
[12:54] {dino} abfs stopped -.27
[12:56] {fernp} SHO on highs
[12:58] {dino} fdx lod
[12:59] {Threei} interesting news item
[12:59] {Threei} Cathay General Bancorp UPDATE: Davidson Raised CATY to Buy from Neutral, price target: $12
[12:59] {Threei} - pre-open
[12:59] {Threei} - Firm believes CATY could be considered a consolidator in the Chinese-American space, if an FDIC assisted opportunity were to arise. Such an event would be positive for the stock as the market has rewarded acquiring banks participating in FDIC assisted deals.
[12:59] {Threei} CATY
[12:59] {ese} L seed ..62 double bottom 1min cht
[13:00] {ese} should have more volume to be really legit....but it hink it'll be ok
[13:01] {ese} am sm anyhow...just 2k
[13:01] {Threei} SORL
[13:02] {Threei} I like this big offer at the day high
[13:02] {Threei} and nice consolidation
[13:02] {Threei} hate how thin it is on a bid side
[13:02] {nemo} 220 volume, that's almost everything done already
[13:05] {nemo} joyg sneaking still big offer at .40
[13:05] {Les} short fcx .33 small shares. stop .50
[13:07] {patience} .
[13:07] {Les} point being?
[13:07] {ilana} no response from CATY...
[13:08] {nemo} joyg at .40
[13:08] {Threei} Short Setup: GOLD .13 break half lot
[13:08] {Threei} if stays under .25
[13:09] {Threei} thin... not for faint heart
[13:09] {fernp} yeah, 5 cents spread
[13:09] {Threei} SORL offer moved to .36
[13:10] {dino} ivac
[13:11] {strider} short GOLD .18
[13:12] {strider} stop .28
[13:19] {Threei} Avatar rakes in more than 1 billion
[13:19] {Les} u seen it?
[13:20] {Threei} no
[13:20] {Les} pretty cool
[13:20] {Les} 3d a bit overrated
[13:20] {Les} painful to watch
[13:20] {Les} not painful, tiring
[13:24] {dino} hl l .50 odfl
[13:29] {fernp} BRCD hit 1:1 lol
[13:29] {Threei} took just about 4 hours?
[13:29] {nemo} Pain and suffering
[13:31] {fernp} not pain and suffering for me, only a bit of patience
[13:36] {Threei} die GOLD
[13:36] {Threei} RMBS Hearing vague chatter of possible judge change in upcoming patent case (22.34, -2.06, -8.44%)
[13:37] {Les} got a friend betting every thing he has in the market on RMBS
[13:37] {Threei} better yet:
[13:37] {Threei} RMBS Hearing weakness being attributed to "fat finger" trade or to vague rumor of possible judge change in upcoming patent case (22.34, -2.06, -8.44%)
[13:37] {Les} fat finger trade?
[13:38] {Threei} that's expensive fingers someone goit
[13:40] {Threei} what price friend of yours got for his truobles if you know?
[13:41] {Threei} GOLD comes to fruition
[13:42] {strider} out GOLD +.15........geez
[13:42] {Threei} lol
[13:42] {Threei} why not
[13:42] {strider} torture
[13:43] {Les} gj
[13:44] {Threei} out .91
[13:44] {strider} as usual, left most of it on the table.
[13:44] {strider} I need to get some valium.
[13:44] {fernp} great job
[13:44] {ilana} at least you got some vaDium
[13:44] {Les} don't know vad. suspect he's been buying for some time now. Maybe holding before crash.
[13:44] {strider} oh, Ilana.
[13:45] {Threei} clap clap
[13:45] {fernp} good one ilana. lol
[13:45] {Threei} not too shabby for English as a third language eh
[13:45] {strider} I need the valium o counteract the vadium.
[13:45] {strider} to
[13:46] {Threei} ok strider... unless you are female of according appearance, don't even think of imp[lying that I excite you
[13:46] {Threei} wow GOLD
[13:46] {strider} not exactly what I meant, vad.
[13:46] {Les} beautiful
[13:47] {Threei} I hope not :)
[13:47] {strider} It's not you, it's the stocks you trade. :)
[13:48] {strider} give me the nervous jerks, as a girlfriend used to say.
[13:48] {Threei} whew
[13:48] {Threei} {--- feels strong relief
[13:48] {strider} Yeah, I could tell you were worried.
[13:49] {Threei} yes... I go to great length to guard my very very limited prientation
[13:51] {Threei} SORL still stays close to break level
[13:51] {Threei} record snowfall in Korea
[13:51] {Threei} record cold on Beijing
[13:52] {Threei} way to go global warming
[13:54] {Les} winter was almost a no show here. finally cooled down and started snowing in last few days
[13:56] {strider} out 1/2 HOG short, +.10
[13:56] {strider} didn't go whole HOG this time.
[13:56] {Les} Nemo...
[13:58] {nemo} Les
[14:01] {Threei} APII Reiterates commitment to continue to seek a reverse merger partner (0.08, -0.00, -1.19%)
[14:01] {Threei} huh?
[14:02] {Threei} if it's anything like reverse marraige, I never got that concept either
[14:03] {Threei} ICXT
[14:03] {Threei} getting interesting
[14:04] {strider} for long?
[14:04] {Threei} yes
[14:04] {Threei} returned above 8 too fast
[14:05] {Threei} I had it in mind as long trigger, just wanted a bit of consolidation
[14:05] {Threei} not sure for now
[14:05] {strider} k
[14:06] {Threei} if doesn't low 8 anymore, break of 8.10 will be a long trigger
[14:06] {Threei} doesn't lose
[14:06] {Threei} and not a scalp
[14:06] {Threei} should be good for something like 8.40
[14:06] {dino} fdx open gap fill
[14:07] {Threei} if goes under 8 again, no trade for now
[14:09] {dino} bth
[14:10] {Threei} Long Setup: ICXT 8.05
[14:11] {strider} stop .00?
[14:11] {nemo} .95
[14:12] {nemo} invalimudated
[14:12] {Threei} will be valid again if holding .90
[14:12] {strider} in valiumidated
[14:12] {nemo} big bid .87
[14:12] {Threei} if loses it sure invalidated
[14:13] {nemo} .87 dripped to .82
[14:13] {nemo} o
[14:13] {Threei} ok, no playt, but remains on watch for another setup
[14:14] {Threei} Long Setup: ICXT 7.95 break
[14:14] {Threei} usual routine of bottom hunting started from here on
[14:15] {Threei} .85 support for setup structure
[14:15] {nemo} .87 s3 pivot support
[14:15] {Threei} moving lower for the next setup
[14:16] {Threei} .80 - .90
[14:17] {strider} out balance HOG +.22
[14:17] {Les} HOGWASH ST!
[14:19] {dino} gj
[14:19] {strider} t'anks.)
[14:20] {strider} long .92
[14:20] {Threei} now, ideal scenario is holding .90 and breaking 8
[14:21] {Threei} that would put strong fioundation under the notion of trend change
[14:22] {Threei} guy bidding at .88 would do us all a favor moving to .92 now
[14:23] {ese} Had to step out am back and have to go stopped in seed at .50 -}12
[14:23] {ese} see ya tomorow
[14:24] {fernp} bye ese
[14:24] {dino} cya es
[14:24] {nemo} due
[14:24] {Threei} take care ese
[14:24] {nemo} dude
[14:24] {Les} ciao ese
[14:24] {strider} ese:)
[14:24] {Threei} move your butt ICXT
[14:28] {strider} move stop up yet, vad?
[14:28] {nemo} break of .97 might be a trigger
[14:29] {Threei} nah
[14:29] {strider} .80?
[14:29] {Threei} yes, for now
[14:31] {Threei} hole mackerel
[14:31] {Threei} holy too
[14:31] {Threei} shootout in LV
[14:31] {dino} rmbs .85 hl l
[14:31] {Threei} not just a shot or two fired
[14:31] {Threei} real gunfight
[14:33] {ilana} RIMM 66 b/o?
[14:33] {Les} who's the bad guys?
[14:33] {ilana} ICXT stopped
[14:33] {Threei} haven't heard this since 1993, when two groups competing for control over city center accicenatlly crossed their path in a restaurant
[14:33] {Threei} why? .80 stop
[14:34] {dino} stop to b/e
[14:34] {strider} GERN
[14:34] {Threei} GERN Strength attributed to report that study on Imetelstat shows it may benefit patients with brain and prostate cancers (5.90, +0.35, 6.31%)
[14:35] {strider} sure not much interest in ICXT
[14:35] {fernp} PTEN, Vad?
[14:36] {Threei} tough stock... don't know
[14:36] {fernp} k
[14:37] {Threei} RMBS Nasdaq investigating transactions deemed possibly 'erroneous' (22.46, -1.94, -7.95%)
[14:39] {dino} out rmbs +.05
[14:44] {strider} here goes the futs.
06[14:49] * Threei kicks ICXT in the rear
[14:51] {strider} ICXT is a mule.
[14:51] {strider} Kicking it just makes it sit down on your foot.
[14:52] {Threei} lol
[14:53] {strider} no interest in this stock.
[14:54] {Les} still feels like christmas trading...
[14:55] {Threei} not at all
[14:55] {Threei} Market Internals update at 2:00pmET
[14:55] {Threei} - NYSE volume 545M shares, about 17% below its three-month average; advancers lead decliners by 5 6:1.
[14:55] {Threei} - NASDAQ volume 1.25B shares, about 6% below its three-month average; advancers lead decliners by 3.3:1.
[14:55] {Threei} - VIX index -6.5% to just over 20.00
[14:55] {Threei} it's just a gap that ate all the amplitude of the move for the day
[14:56] {Threei} so we stay locked
[14:56] {Threei} but volume changed significasntly
[14:59] {fernp} out here
[14:59] {Threei} yeah
[14:59] {Threei} RMBS Hearing Capstone Equity making positive comments; Maintains Strong Buy rating, price target $60 (timing uncertain)
[14:59] {Threei} 60?
[15:00] {Threei} that's bold
[15:00] {Les} that's what my friend is betting on
[15:01] {Threei} with it being involved in this endless court war, any bet is a pure gambling on the outcome of the case
[15:01] {Les} that's what i said
[15:03] {Les} he's waiting for the "final" judgement
[15:04] {Threei} why not... as long as he a) is willing to lose most of it in case of failure and b) doesn't call it investing or trading
[15:05] {Les} he is an IT consultant, and supremely sure of his world. I cannot argue otherwise to him
[15:06] {Threei} no need
[15:06] {Threei} he either guesses right and will be firever proud of his prowess,
[15:07] {fernp} SYK 52 breakout?
[15:07] {Threei} or giesses wrong and remains convinced that he was right but some evil intruder broke the rules
[15:07] {Threei} yes fern
[15:08] {Les} understood. he also denies that small time daytrading can be profitable... so what can I say?
[15:09] {Les} we'll see who is right in a few years
[15:09] {Threei} no need to say anything
[15:09] {Threei} qwhy would you want to argue
[15:10] {Threei} if someone denies that sun rises in the morning and sets down in the evening, why argue?
[15:10] {fernp} PTEN 1:1 here
[15:10] {Threei} fern, return this profit in the market, will ya
[15:11] {Threei} day trading can't be profitrable
[15:11] {Threei} and don't even think of profiting from SYK
[15:12] {fernp} who says such thing?
[15:12] {Threei} Les's friend
[15:13] {fernp} ahhh!! he is a doctor buying stock with EOD data
[15:13] {Les} I attract all sorts
[15:13] {fernp} out SYK
[15:13] {fernp} sorry Les's friend :-)
[15:13] {Threei} not good fern... not good
[15:14] {fernp} easy oneVad
[15:21] {Threei} Rambus Inc Nasdaq to cancel certain trades of RMBS below $20.73
[15:21] {Threei} - determined to cancel all trades in security Rambus Inc. (RMBS) at or below $20.73 that were executed in NASDAQ between 13:28:00 and 13:32:00 ET. This decision cannot be appealed.
[15:23] {Threei} so, let mne get this straight
[15:23] {Threei} someone sells short at 22
[15:23] {Threei} covers at 18
[15:23] {Threei} now his cover is cancelled
[15:23] {Les} so he is left long?
[15:23] {Threei} and he is stuck with short at 22 while srtock trades at 23?
[15:24] {Threei} why long
[15:24] {Threei} it's cover that is under 20.73 so it's canceled
[15:24] {Les} sorry, you're right
[15:24] {Threei} short is what he is left with
[15:24] {Les} my clumsy description
[15:25] {Les} so someone spreading false rumours to buy up cheaper?
[15:26] {Les} or scaring to get a good short trade in...
[15:27] {Threei} if that's inded what happened, he didn't benefit much if at all
[15:29] {Threei} RIMM near lows
[15:36] {Threei} Short Setup: RIMM .90 break
[15:36] {Threei} if stays under 66
[15:37] {Les} in
[15:39] {fernp} ty
[15:43] {Threei} over 1:1
[15:44] {fernp} yeah, good one
[15:44] {fernp} LAMR interesting here
[15:45] {strider} out +.12
[15:45] {nemo} thinny as Dino would say
[15:45] {dino} lol
[15:45] {dino} gj
[15:47] {Les} did my averaging down trick again, instead of covering. at least it was profitable
[15:47] {Threei} yikes
[15:48] {Threei} remember that confusion seemingly limited to terminology?
[15:48] {Les} too many errors today. some sleep me thinks may be in order...
[15:48] {Threei} cover sell, short, buy, bid, offer, support, resistance
[15:48] {Threei} it's not limited to terminology
[15:49] {Threei} it's lack of clarity in concepts
[15:50] {strider} holding STEC overnight, from pre-market at 17.15
[15:50] {Threei} all of it?
[15:51] {strider} good point
[15:52] {Threei} not delighted by today
[15:52] {nemo} Les' fault
[15:53] {Threei} nothing catastrophic, just usual day sprinckled with a few stops, but who said I must be delighted with stops
[15:53] {Les} no I wasn't delighted either, but I don't rack it up to lack of clarity...
[15:54] {strider} Something I've disscovered myself doing is a kind of 'picking and choosing'.......I do it by varying the share size without any reason other than lack of confidence in myself. It doesn't work very well.
[15:55] {Threei} no... there are criteria defining the share size
[15:55] {Threei} it's wired into trading system
[15:55] {Threei} start varying it for irrelevant reasons, you are messing up thew system
[15:55] {strider} I've been trading smaller share size on my trades than on yours, vad. when you have a not so great day, and I have a better day, I still loose.
[15:56] {Threei} stock liquidity, stop size
[15:56] {Threei} those are valid factors
[15:56] {nemo} time of day
[15:56] {strider} yep.
[15:56] {strider} time of day?
[15:57] {strider} that's just another way of picking and choosing, isn't it?
[15:57] {ilana} "lunchtime", right, nemo?
[15:57] {nemo} yep
[15:57] {nemo} also, trades where conviction isn't high
[15:57] {strider} If you don't have as much confidence in lunchtime, should you trade it at all.
[15:57] {strider} Well that's exactly what I'm talking about.
[15:57] {nemo} like when I like a trade and vad says "50/50"
[15:57] {strider} Less conviction.
[15:58] {fernp} im going to hold some LAMRs for tomorrow. nice daily for breakout players
[15:59] {Les} alright. will sleep on it. night all.
[15:59] {Threei} okay guys
[15:59] {Threei} thankj you all
[15:59] {strider} thanks, vad.
[15:59] {Threei} let's get'em tomorrow
[15:59] {Les} ty vad
[15:59] {ilana} gn
[15:59] {strider} Not a tererible day.
[15:59] {Threei} no
[15:59] {strider} terererererible
[15:59] {Threei} just not profitable
[16:00] {nemo} oy vay...your supposed to learn to trade from Vad, not spell!!
[16:00] {strider} you want everything?
[16:00] {fernp} Good evening everybody. see u all tomorrow
[16:00] {Threei} it's a package deal nemo
[16:00] {nemo} osmotic
[16:00] {strider} I did mostly right things I'm happy.
[16:01] {Threei} saved any trees?
[16:01] {strider} Actuallyu, yes. I shut down my woodworking shop last week.
[16:01] {_billyc} gn all
[16:01] {Threei} take care billy
[16:02] {Threei} you are supposed to kill beavers to save trees
[16:02] {Threei} BSQR Renews OEM Distribution Agreement With Microsoft
[16:02] {Threei} - agreement under which Bsquare sells Microsoft's complete line of software products for embedd...more... (related MSFT )

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