RealityTrader Trading Log

Friday, February 26, 2010

Feb 26 2010

5 trades, 3 wins. Barely squeaked into black but it kept three weeks-long now winning streak uninterrupted. Odds start stacking in a favor of a losing day - let's see if we have one next week.

Session Time: Fri Feb 26 00:00:00 2010

[08:10] {Threei} US) Preview: Q4 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:10] {Threei} - GDP Price Index: 0.6%e v 0.6% Q4 advance reading
[08:10] {Threei} US) Preview: Q4 Preliminary GDP Annualized and Personal Consumption due at 8:30 am
[08:10] {Threei} - GDP Annualized: +5.7%e v +5.7% Q4 advance GDP reading(Analyst range from +4.2% to +6.3%)
[08:29] {Threei} GR) Greece confirms earlier reports that it has postponed bond road show
[08:30] {Threei} *(US) Q4 PRELIMINARY GDP PRICE INDEX: 0.4% V 0.6%E; CORE PCE Q/Q: 1.6% V 1.4%E
[08:30] {Threei} *(US) Q4 PRELIMINARY GDP Q/Q ANNUALIZED: 5.9% V 5.7%E; PERSONAL CONSUMPTION: 1.7% V 2.0%E
[08:31] {Threei} market is confused
[08:31] {nemo} sorry had to cut out early
[08:31] {Threei} and lately when the market is confused it just goes up
[08:31] {nemo} had to go see my parole officer
[08:32] {Threei} that was very rude of you nemo
[08:32] {Threei} we cried for an hour after you left
[08:32] {nemo} they don't like to be stood up
[08:32] {Threei} deeply hurt
[08:32] {Threei} strider dcced me to say his life is all but ruined
[08:32] {Threei} dino phoned to say he feels violated
[08:33] {nemo} I'm speechless
[08:33] {Threei} that was what fern said
[08:33] {Threei} ECB's Gonzales Paramo: European crisis poses substantial policy challenges
[08:33] {Threei} - Detail tax and spending plans are essential
[08:34] {Threei} oh, and jf said he will never evr join the room where people act like this
[08:35] {nemo} don't let the door hit you in the ass on the way out jf...
[08:36] {Threei} hmmm.. this may make him stay
[08:36] {Threei} this is exacrtly the level of rudeness we know and love
[08:36] {Threei} btw, how's snow?
[08:37] {nemo} we just got torrential rains and winds
[08:37] {billyc} gm everyone
[08:37] {Threei} billy :)
[08:37] {nemo} lotta' power outages
[08:37] {billyc} vad
[08:38] {Threei} we tend to have those too in extreme winds, downside of forested area...
[08:38] {Threei} this year though went without any
[08:38] {Threei} US) Fed's Hoenig: Removing the Fed's regulatory role would be a tragic mistake
[08:38] {Threei} for whom, for Fed?
[08:38] {Threei} - Regulatory function is essential to the Fed's role in financial stability.
[08:38] {Threei} yup - for that of Fed members
06[08:42] * nemo slaps strider around a bit with a large trout
[08:43] {nemo} well the 8:30 news must have been in line
[08:44] {Threei} a bit all over the place
[08:44] {_jfjf64} mornin
[08:44] {billyc} hey jf
[08:44] {Threei} [08:10] {Alert} Threei US) Preview: Q4 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am
[08:44] {Threei} [08:10] {Alert} Threei - GDP Price Index: 0.6%e v 0.6% Q4 advance reading
[08:44] {Threei} [08:10] {Alert} Threei US) Preview: Q4 Preliminary GDP Annualized and Personal Consumption due at 8:30 am
[08:44] {Threei} [08:10] {Alert} Threei - GDP Annualized: +5.7%e v +5.7% Q4 advance GDP reading(Analyst range from +4.2% to +6.3%)
[08:44] {Threei} jf :)
[08:44] {_jfjf64} hey billyc
[08:45] {nemo} Wow...Carly Simon named the inspiration for her song, "Your So Vain"
[08:50] {nemo} wow...
[08:50] {nemo}
[08:53] {Les} morning :)
[08:54] {Threei} Les :)
[08:54] {Les} that's some nice cleaning of the log there vad....
[08:54] {billyc} hey les
[08:54] {Les} say how many times has Nemo caused you to clean the log?
[08:54] {Threei} don't make me do it
[08:54] {Threei} I hate it
[08:54] {nemo} once or twice
[08:54] {nemo} there was the bear and rabbit joke
[08:54] {Les} sorry for screwing vad around...
[08:55] {Les} maybe I should have told strider to crash into nemo's house
[08:55] {Les} then we'd all be laughing
[08:55] {Les} hi billy
[08:55] {Threei} I don't need any more work, I have better things to do after market is closed,
[08:55] {nemo} yeah...take a nap
[08:55] {Threei} and I promise log readers that thios is raw and unedited
[08:55] {Les} ok
[08:56] {Threei} (US) Treasury's Allison: Need to take more steps to make credit move available
[08:56] {Threei} - Efforts must be made despite signs of improvement. (related XLF )
[08:56] {Threei} no really?
[08:56] {Threei} easily available credit surely is good, right?
[08:56] {Threei} it surely is not what got us into this mess
[08:57] {nemo} let's see real estate is being propped up by the feds and commercial real estate is in the hopper and 500k people a week are losing there who is a good credit risk out their
[08:57] {nemo} there?
[08:58] {Les} I am
[08:58] {Les} well actually I'm unemployed
[09:00] {nemo} mmmmhhhhh....
[09:00] {Les} haven't lit up my trading software yet. How's AIG premarket?
[09:00] {nemo} I would think you'd be out on mental disability
[09:00] {Threei} -1.7
[09:02] {Threei} Dealers comment on US Think Tank report regarding ECB policy stance
[09:02] {Threei} - Evidence is growing that the already fragile Eurozone recovery is decelerating, so providing an extra argument for the ECB to emphasize its highly accommodative policy stance to unchanged.
[09:02] {Threei} - The shift in liquidity provision from long-term emergency maturities back to standard terms will continue but the bank will spell out how it intends to keep overnight rates low through the summer
[09:02] {Les} AIG Q4 results bombed?
[09:02] {Threei} oh, this one will probably take the prize today:
[09:02] {Threei} (US) Fed's Hoenig: Fed members are independent, does not communicate closely with the Treasury's Geithner - Q&A
[09:03] {Threei} American International Group, Inc Reports Q4 -$65.51 v -$14.17 y/y, Rev $24.4B v $23.3Be; Does not see dividend payments in near future
[09:03] {Threei} - Q4 adj EPS -$53.23
[09:03] {Threei} - Q4 Combined ratio 132.5 v 105.2 q/q
[09:03] {Threei} - Q4 General Insurance operating income (before net realized capital gains) was -$1.6B v $722M q/q
[09:03] {Threei} - Q4 life insurance and retirement services op income (before net realized losses) -$931M v $2.2B q/q
[09:03] {Threei} - Q4 financial services operating loss (ex net realized losses) $95M v $1.6B q/q
[09:04] {Threei} - Without additional support from the U.S. government, in the future there could exist substantial doubt about AIG's ability to continue
[09:04] {fernp} Good morning everybody
[09:04] {Threei} AIG CEO: Expect continued volatility in upcoming quarters; not out of the woods
[09:04] {Threei} fern :)
[09:06] {billyc} hey fern
[09:11] {ese} morning
[09:11] {Threei} ese :)
[09:11] {nemo} dude
[09:11] {dino} gm all, wow did we get hit w/snow. about 22" yesterday
[09:11] {Threei} wow dino
[09:11] {Threei} that's a lot
[09:12] {billyc} hey dino ese
[09:12] {ese} dude
[09:12] {ese} dino
[09:12] {ese} billy
[09:12] {Threei} and I lived through what they called a blizzard of a century in Winnipeg in 1997
[09:13] {dino} this aig, good thing those guys got their bonuses, job well done, lol
[09:13] {ese} neuk neuk nuek....agady agady agady.......need to be livin here dino
[09:13] {dino} brb
[09:13] {larisa} gm :)
[09:13] {Threei} larisa :)
[09:13] {billyc} hey larisa
[09:14] {strider} Good morning all
[09:14] {Threei} strider :)
[09:14] {ese} larisa
[09:14] {ese} ST
[09:14] {strider} :)
[09:14] {larisa} :)
[09:14] {billyc} strider
[09:14] {strider} howdy
[09:21] {nemo} this is weird...we're getting hail
[09:22] {dino} still snowing hard here
[09:22] {lasertrev} lol, gm
[09:23] {Threei} trev :)
[09:23] {dino} athn, bxs
[09:23] {dino} wtw
[09:24] {nemo} is "wtf" on your list this morning dino?
[09:26] {dino} always
[09:26] {nemo} nice
[09:26] {Les} morning dino, do you mind posting a refined list, or you still looking at everything from last week?
[09:26] {nemo} wfmi strong
[09:26] {Threei} that's my first morning thought upon seeing myself in the mirror, nemo
[09:27] {Threei} (US) Preview: Feb Chicago Purchasing Manager Index due out at 09:45ET
[09:27] {Threei} **consensus expectations: 59.7e v 61.5 prior (Jan reading of 61.5 was highest since Nov 2005).
[09:28] {nemo} wow, coulda' made your day trading aig this morning
[09:28] {Threei} or lose your shirt
[09:29] {_jfjf64} ty vad
[09:29] {nemo} that's a given in a zero sum game
[09:29] {Threei} for what jf??
[09:29] {_jfjf64} or lose ya shirt
[09:29] {_jfjf64} lol
[09:29] {Threei} lol
[09:30] {_jfjf64} lets get em boys
[09:30] {Threei} {they} uh oh
[09:30] {nemo} look at that db at 9:18 or so, volume was textbook
[09:31] {nemo} jf....patience and
[09:31] {Threei} Short Setup: AMMD 18 break small shares
[09:32] {Threei} thin, risky
[09:32] {Threei} not for everyone
[09:32] {nemo} stop .18 or .22
[09:32] {Threei} invalidation is above .20 for now
[09:33] {Threei} Long Setup: AIG .50 break half lot
[09:33] {Threei} aww
[09:33] {Threei} don't chasde
[09:33] {Threei} late
[09:33] {Threei} crap, that was a good one
[09:33] {_jfjf64} y
[09:33] {Threei} ok, second chance
[09:33] {Threei} .50 break again
[09:34] {Threei} .35 stop
[09:34] {Les} in .51
[09:34] {ese} L jaso .15
[09:34] {dino} les, same plus this a.m.
[09:34] {Les} ty
[09:35] {Threei} 1:1
[09:35] {_jfjf64} ty
[09:35] {Les} half out .65
[09:36] {Threei} 1:2
[09:36] {Les} all out .75
[09:36] {Threei} out
[09:36] {Les} ty vad. nice way to start day
[09:36] {Threei} welcome
[09:36] {_jfjf64} that a boy
[09:36] {billyc} thanks vad
[09:36] {Threei} :)
[09:37] {Threei} EVVV?
[09:38] {Threei} what the deuce?
[09:38] {nemo} wow...that aig call...look at the volume pattern
[09:39] {_jfjf64} nice
[09:39] {Threei} what about it?
[09:39] {nemo} dropping volume into the rise
[09:39] {Threei} decrease on retreat?
[09:39] {ese} out jaso .17 +.02....lookin weak
[09:39] {nemo} decrease on increase
[09:39] {Threei} hmmm
[09:39] {Threei} not how I interpret it
[09:39] {Threei} but let's do it later
[09:39] {larisa} EVVV new approach to preventing strokes, not surgical proved safe
[09:40] {Threei} ty larisa
[09:41] {Threei} Long Setup: XNPT .47
[09:41] {Threei} if stays above .35
[09:42] {Threei} chicago numbers are good I take it
[09:45] {Threei} yup
[09:47] {_jfjf64} evvv
[09:48] {Threei} US) Preview: Feb Final University of Michigan Confidence Index due out at 09:55ET
[09:48] {Threei} **consensus expectation: 73.9e v 73.7 prior
[09:48] {Threei} (US) Preview: Jan Existing Home Sales due out at 10:00ET
[09:48] {Threei} **consensus expectation: 5.50Me v 5.45M prior
[09:48] {fernp} JASO, Vad?
[09:49] {Threei} worth a try
[09:49] {Threei} ese's stock
[09:49] {fernp} ok
[09:49] {ese} back in .18
[09:49] {ese} jaso
[09:50] {Threei} XNPT exhibits signs of a salmon
[09:50] {Threei} could be good for more than scalp
[09:50] {dino} athn sm l .40
[09:51] {ese} glad you mentioned that PM report vad.....made me get out to be on the sae side
[09:51] {ese} safe
[09:51] {fernp} .14 is valid stop for JASO, Vad?
[09:51] {Threei} yes
[09:52] {fernp} ty
[09:52] {Threei} (SP) Spain Eco Min: There are no risks for a double dip recession; will not encounter contraction in 2010
[09:52] {dino} well i feel better now
[09:52] {Threei} don't you love these nostradamuses
[09:52] {Threei} - Not expecting to see any downgrades by rating agencies; Eurozone will not sit back while a member country is in trouble
[09:53] {Threei} Spain Eco Min: right? right?
[09:53] {strider} nostradumasses?
[09:53] {Threei} fern... I see your guys are not any better than ours, lol
[09:53] {dino} and spain is one of the troubled piigs
[09:53] {fernp} true
[09:54] {Les} jawboning in the face of hedge funds massive bets against Euro. Sounds like Chamberlain
[09:54] {Threei} I wanted to suggest you to trade them... but I see it would be like moving money from one pocket to another, no chance to get riicher
[09:55] {_jfjf64} ckr any read vad
[09:55] {ese} michigan report looks good jaso taking off
[09:56] {Threei} it's being bought out jf
[09:57] {ese} jaso not exactly the way i want a scalp to go but it's working
[09:57] {Threei} let's trail sdtop on XNPT
[09:57] {Threei} to under .40 for now
[09:59] {Threei} one more set of numbers, then we are free
[09:59] {Threei} JASO does look nice
[09:59] {Les} dino you catch bxs here?
[10:00] {Threei} *(US) JAN EXISTING HOME SALES: 5.05M V 5.5ME (-7.2% M/M
[10:00] {dino} no was waiting for test of lows left w/o me
[10:01] {Les} looking at athn above 38
[10:01] {dino} out athn .11, +.71
[10:01] {nemo} wtw volume spike
[10:01] {Threei} NPET... wtha the
[10:01] {Threei} why an I not getting news on these sudden fliers
[10:02] {Threei} MPET, sorry
[10:02] {dino} mkts drop
[10:02] {ese} daaaaaaaaaaa stopped jaso .14
[10:03] {Threei} out XNPT
[10:03] {Threei} both were within 1-2 cents of 1:1
[10:04] {Les} you caught athn well. I was scalping it twice towards the bottom after catching .90 b/d
[10:04] {Les} got burnt the second time
[10:04] {dino} ty
[10:04] {fernp} VZ short, Vad?
[10:04] {fernp} btw, took 1:1 in JASO
[10:05] {fernp} ty
[10:05] {Threei} if stays under .85, VZ
[10:05] {fernp} ok
[10:06] {dino} all red carefu;
[10:06] {dino} l
[10:06] {ese} dino you in anything
[10:06] {nemo} spy should bounce at 110, if not 109.50
[10:08] {dino} no
[10:09] {_jfjf64} aig
[10:10] {_jfjf64} any read
[10:10] {Les} inverse h&s aig?
[10:11] {dino} swm sm ave .00
[10:11] {dino} l
[10:11] {Threei} not sure... I'd rather think short on AIG
[10:11] {Threei} .15 break
[10:11] {Threei} half lot
[10:11] {Threei} if stays under .30
[10:13] {Threei} let's modify itZ:
[10:13] {Threei} .25 short
[10:13] {Threei} if stays under .35
[10:13] {nemo} looks inverse H&S
[10:14] {dino} fti sm l ave .07
[10:14] {ese} swm
[10:15] {Threei} invalidated
[10:15] {ese} sorry not in.....typed symbol into wrong spot
[10:15] {_jfjf64} yikes
[10:15] {ese} fti
[10:15] {ese} again......damn
[10:16] {nemo} rimm
[10:18] {_jfjf64} kwk
[10:20] {_jfjf64} rimm
[10:20] {Les} athn
[10:21] {dino} i see it
[10:22] {Les} wfmi
[10:23] {Threei} Long Setup: TM .50 break half lot
[10:24] {nemo} stop .35?
[10:24] {Threei} invalidation
[10:24] {Threei} it never triggered
[10:24] {_jfjf64} nogo??
[10:24] {_jfjf64} ty
[10:24] {Threei} ??
06[10:25] * nemo slaps _jfjf64 around a bit with a large reading glasses
[10:25] {Threei} who is in aggressive mood, can take .40 break
[10:25] {_jfjf64} nemo nemo
[10:25] {ese} L linta .55
[10:25] {Threei} with ridiculously tight stop
[10:27] {Threei} (GE) German Law Maker: any potential aid for Greece would come from KFW Bank, no decision has yet been taken
[10:28] {Threei} German aide would be limited to 5B
[10:28] {Threei} - KfW would purchase Greek debt in emergency action only
[10:28] {Threei} - Reiterates that no decision has yet been reached
[10:29] {Threei} TM invalidated
[10:29] {Threei} or not
[10:29] {Threei} 1 cent...
[10:30] {Threei} kind of discretioanry
[10:30] {nemo} I see a gap, that's bullish
[10:31] {nemo} raise stop to gap?
[10:31] {fernp} what is the play? .51 long?
[10:31] {Threei} yes fern
[10:31] {nemo} if aggressive it was .40
[10:31] {fernp} ok
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 200M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.
[10:31] {Threei} - NASDAQ volume 455M shares, about 9% below its three-month average; decliners lead advancers by 1.4:1.
[10:31] {Threei} - VIX index +1.25% to just over 20.00
[10:34] {ese} out linta .54 -.01
[10:35] {ese} am just picking stuff that is going nowhere
[10:36] {Threei} no.. stuff just doesn't go anywhere
[10:37] {Threei} TM 1:4 for aggressive entry
[10:37] {Les} PALM
[10:38] {Threei} 1:1 for regular entry
[10:38] {Threei} (US) Congressman Maloney (NY) : Requesting US House hold hearings in commerical banks role in Greece crisis (related IXG NBG )
[10:39] {dino} ohhh mannn, just shoveled another 2" of sidewalk
[10:39] {dino} and still snowing hard
[10:39] {Threei} manually dino?
[10:39] {dino} yes
[10:39] {Threei} ouch
[10:40] {Threei} that's back-breaking job
[10:40] {dino} at home, i use a 4-wheeler w/plow
[10:40] {dino} since tuesday we've received ove4r 36" of snow
[10:40] {Les} Mr Plow King
[10:40] {Threei} that's a LOT
[10:40] {dino} that magoo's job
[10:41] {Threei} anyone took TM?
[10:41] {fernp} not here
[10:42] {Les} tried shorting .34. got bitten
[10:42] {Les} palm .35 break?
[10:43] {Threei} not delighted
[10:44] {Les} k
[10:45] {ese} dino...wheres magoo these days....
[10:46] {nemo} sabbatical
[10:46] {ese} gettin sentimental........i miss him on the board......
[10:46] {Threei} GR) Greece PM to make official visit to the US on March 9
[10:46] {Threei} uh oh
[10:47] {Threei} I say draw the bridge
[10:47] {dino} don't really know lately, not coming in much
[10:48] {_jfjf64} yeah its comin obama dont bend over and pk up soap
[10:50] {_jfjf64} ago
[10:51] {_jfjf64} ya lk break vad
[10:51] {Les} SLB
[10:51] {Threei} not rea;;y jf
[10:52] {_jfjf64} ty
[10:54] {Threei} huh
[10:54] {Threei} 34% Favor More Regulation of Financial System, 47% Opposed
[10:54] {Threei} I thought it was widely assumed majority wanted it
[10:57] {nemo} wfmi building base t top of range
[11:00] {Threei} WFMI looks great in all timeframes
[11:02] {Threei} with any market help, 36 is very likely
[11:03] {Threei} at least
[11:03] {fernp} WFC any read, Vad?
[11:04] {Threei} no long
[11:04] {fernp} :-)
[11:04] {Threei} short, maybe, but need some setup to form
[11:04] {Threei} earl;ier in the morning ZI missed .30 breakdown on it
[11:04] {Threei} never looked at it since
[11:05] {fernp} ok
[11:05] {Threei} 27.30 that is
[11:05] {fernp} yes, yes
[11:05] {Threei} (CA) Canada Fin Min: Dec budget deficit of C$3.1B v surplus C$334M y/y
[11:05] {Threei} - Fiscal YTD
[11:05] {Threei} and loonie is up?
[11:06] {Threei} someone shoot it
[11:06] {Threei} who likey,
[11:06] {Threei} Long Setup: WFMI .50 break
[11:07] {Threei} stop for scalpers under .40
[11:07] {Threei} for day traders .35
[11:12] {nemo} that's pretty solid support at .45
[11:12] {Threei} very willing stock... just needs little help from market
[11:14] {nemo} figures
[11:16] {nemo} that bid at .46 get eaten, that's support
[11:21] {fernp} stopped WFMI
[11:23] {nemo} market isn't helping wfmi
[11:23] {nemo} it's reverse salmoning
[11:24] {_jfjf64} jpm vad
[11:25] {Threei} like thwe chart... hate the idea of trading breakpout right now
[11:28] {Threei} flat day so far, between AIG and TM vs stopped ones
[11:29] {Threei} today is a last day of three weeks uninterrupted winning streak... maybe it's a good idea to haver it breakeven, not to agner gods of odds
[11:29] {Threei} and get it out of our system
[11:30] {larisa} no losing day in 3 weeks?
[11:30] {dino} mine ended tuesday
[11:30] {ese} vaddddddd ohhhhhhh vadddddd! you never told me that things could get this boring
[11:30] {Threei} roday is 15th day Larisa
[11:30] {Les} how long before you fly ese?
[11:31] {ese} one week today les
[11:31] {dino} altho, decent month overall, only 3 down days
[11:31] {Threei} sorry ese... I'll try to see if there are any clowns we could book urgently
[11:31] {Les} clowns? How bout some dancing girls?
[11:31] {Les} and boys for the ladies here?
[11:32] {dino} huh, someone say dancing girls?
[11:32] {Les} virtual club chez Vad
[11:32] {Threei} dunno about you, we like clowns... right ese?
[11:33] {_jfjf64} jpm strong
[11:34] {Threei} sure is
[11:34] {ese} ya I do
[11:34] {_jfjf64} in .80
[11:34] {_jfjf64} half out
[11:35] {ese} nice one jf.....ride em cowboy
[11:35] {_jfjf64} .85 stop
[11:35] {nemo} wow, we ride it, or just cover
[11:36] {gregns} ride sally ride
[11:36] {nemo} nice
[11:37] {_jfjf64} 42 jp lets go
[11:38] {_jfjf64} stop to .90
06[11:38] * Threei slaps _jfjf64 around a bit with a large dose of antigeedine
[11:39] {nemo} what is "antigeedine"?
[11:39] {larisa} +r
[11:39] {ese} just lettin ya know i'm still long 500 shs of brcm from yesterday
[11:39] {_jfjf64} ty nemo
[11:39] {Threei} ty larisa
[11:40] {larisa} not only vad spells normal words wrong, he comes up with new ones and spells them wrong too :)
[11:40] {Threei} lol
[11:40] {Threei} isn't it a gift?
[11:40] {_jfjf64} sound lk shampoo
[11:42] {_jfjf64} out
[11:43] {_jfjf64} going to shovel my driveway
[11:44] {_jfjf64} 12 inch snow
[11:44] {Threei} ok, this is just cruel
[11:44] {Threei} my car dealer phones
[11:44] {Threei} "your car is in, fresh from the boat from Japan,
[11:45] {dino} athn
[11:45] {_jfjf64} not toyota
[11:45] {Les} long or short dino?
[11:45] {Threei} but we are not sure we can finish all the paperwork today, so if we can - great, I'll call you in a few hours, if not - you'll be able to get it onj MOnday"
[11:46] {Threei} cruel, simply cruel, I am telling you
[11:46] {dino} thinking long
[11:46] {larisa} what diff does it make, today or monday?
[11:46] {Threei} boy is told he has to wait for his new toy
[11:47] {Les} ok Nemo, movie time
[11:47] {Les} here's one from one of my favourites
[11:47] {Les} behold a pale horse, and the man who sat on it was death. And hell followed with him
[11:48] {nemo} Yeah...Michael Bien
[11:48] {Les} NO WAY
[11:48] {nemo} Your Spanish is worse
[11:48] {Les} what do you do with your free time there boy?
[11:48] {nemo} wanna' be my huckleberry?
[11:49] {Les} you're not google searching these phrases are you?
[11:49] {nemo} one of my favorite movies
[11:49] {nemo} Val Kilmer was fantastic
[11:50] {Les} yes enjoyed this film immensely
[11:53] {dino} tombstone
[11:53] {nemo} we've gone back and forth on that one...huh, dino
[11:53] {nemo} my stop on wfmi is now .44...we got a trendline
[11:54] {dino} you tell them i'm coming, and hell's coming w/me
[11:54] {nemo} Kurt Russel
[11:54] {nemo} l
[11:56] {dino} athn sm l .60
06[11:57] * nemo slaps Threei around a bit with a large trout
[11:57] {Threei} sigh
[11:58] {Threei} should I make a conversation that resulted in it public...
[11:58] {nemo} sure
[11:58] {Threei} if slap is publci, why not
[11:58] {Threei} 11:55] {nemo} wfmi is not feeding my need for instant gratification
[11:58] {Threei} [11:55] {Threei} ummm... sorry?
[11:58] {Threei} [11:56] {nemo} I'm still in...took day trader stop
[11:58] {Threei} [11:56] {Threei} yes...
[11:58] {Threei} [11:56] {Threei} just thinking whether I shoud apologize on WFMI behalf
[11:58] {nemo} well, ya' can't slap in private, else I woulda'
[11:58] {Threei} [11:57] {nemo} I't supposed to go up .40 cents 2 seconds after I buy
[11:58] {Threei} [11:57] {Threei} ok... I am deeply profoundly sorry
[11:59] {Threei} see? I am so very polite and understanding... and what do I get fore it?
[11:59] {nemo} road to hell, and no good deed...
[11:59] {Threei} no kidding
[11:59] {Les} instant gratification? you 15 years old Nemo?
[11:59] {nemo} 12...emotionally
[12:00] {Threei} 15 years old are wise and mature next to him
[12:00] {nemo} also taller
[12:00] {Threei} see who I have to try and reason with?
[12:00] {Les} reason?
[12:00] {Threei} nemo and les... oy
[12:00] {nemo} hell on earth :):):)
[12:01] {Threei} thank goodness there is patient and calm Larisa... who can wait 3 days for a new car
[12:01] {larisa} i can :)
[12:02] {Threei} actually I shouldn't complain... dealetship has no signle car of my model on their lot, has to order each for a cusatomer
[12:02] {Threei} foesn't even advertize them
[12:03] {larisa} best part in life is anticipation of something good. you are too young to know it yet :)
[12:03] {Threei} wait for deklivery is anywhere from days to month and a half
[12:03] {Threei} but larisa... it's shiny
[12:04] {Threei} and it has rain- and speed-sensitive wipers
[12:07] {dino} slllllllllllaaaaaaaaaaapppppppppp
[12:07] {Threei} someone started drinking early...
[12:07] {Threei} and in case you think I am against it - that was expression of envy
[12:08] {Threei} FRED Increases dividend to $0.04 from $0.03
[12:08] {Threei} - The dividend is payable on March 15, 2010, to shareholders of record as of March 5, 2010
[12:09] {nemo} pulling teeth...wfmi is a root canal
[12:09] {Les} you seeing this dino
[12:09] {nemo} he sees dead people
[12:09] {Threei} I see dead pixels
[12:10] {Les} might just be IB, but 50 cent jump in price on ATHN. stopped
[12:10] {Threei} wow
[12:10] {Threei} nothing of a kind here
[12:10] {Les} must be IB software. did it abain. jumped to 38.33
[12:12] {nemo} stopped wfmi
[12:13] {dino} wfmi?
[12:13] {nemo} yeah, actually had stop at .45 blew right through
[12:17] {nemo} well, rinsed my stop
[12:19] {nemo} that's really rude
[12:20] {Threei} I can't even look at UAUA
[12:21] {Threei} how do I manage to miss its breaks all the time, beyond me
[12:21] {nemo} aig interesting support
[12:24] {dino} snda
[12:26] {Threei} .20 break short AIG?
[12:26] {Threei} I like
[12:26] {Threei} IT) Italy PM Berlusconi: Emerging from the crisis faster than others in the EU; debt is currently limited tools that can be used to help the economy
[12:27] {fernp} .30 stop, vad?
[12:27] {Threei} yup
[12:27] {fernp} ok
[12:30] {Threei} nice consolidation
[12:30] {Threei} little push by market and should work
[12:35] {Threei} 1:1
[12:35] {Threei} in the black again
[12:36] {Threei} anyone??
[12:36] {fernp} here
[12:36] {fernp} ty
[12:36] {Threei} whew
[12:37] {gregns} yes, in @ .21 out @ .09 thanks vad
[12:37] {Threei} that's it? no onr else plays in my sandbox?
[12:37] {Threei} oh good
[12:37] {Threei} thank you greg
[12:37] {Threei} 1:2
[12:38] {Les} very late to the party. short .15 covered .08 ty
[12:38] {Threei} gosh les
[12:38] {Threei} you are scaring me
[12:38] {gregns} also i was patient with wfmi in @ .4833 avg out @ .52 missed the .55
[12:39] {gregns} thks
[12:39] {Threei} wfmi is disappointing
[12:39] {Threei} chart deserved much more
[12:39] {nemo} I miss anything
[12:40] {Threei} wow...
[12:40] {nemo} oh jeez...
[12:40] {gregns} also Les , I used to use TD Ameritrade TOS and now with Laser and what a difference!!
[12:40] {Threei} yes... AIG short
[12:40] {nemo} a breakdown/breakout worked...
[12:40] {Threei} that's like going from bike to a plane, greg
[12:41] {gregns} you'all have a nice weekend, thks
[12:41] {Les} bye greg
[12:41] {Threei} you too!
[12:41] {gregns} yes! and add some experience and knowledge I hope it is coming together
[12:43] {dino} cya greg
[12:43] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz garfffff ahhhhheeeemmmmmmm
[12:43] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:43] {ese} cya greg
[12:43] {nemo} fas rising wedge
[12:44] {_jfjf64} im back driveway done
[12:44] {Les} AIG not shortable
[12:45] {Threei} didn't you short it 5 min ago?
[12:45] {nemo} he's on IB
[12:46] {Threei} 12:38] {Les} very late to the party. short .15 covered .08 ty
[12:46] {dino} out fti .63,+.56
06[12:46] * Threei slaps nemo around a bit with a large dose of PayAttenting
[12:46] {nemo} I went and got coffee...I missed the frickin' thing
[12:47] {_jfjf64} nice dino
[12:47] {dino} ty took awhile
[12:48] {_jfjf64} jpm someone keeps buyin
[12:48] {Les} yeh strange isn't it
[12:49] {_jfjf64} for us yes monday im sure here sm news
[12:50] {_jfjf64} maybe buyin toyota
[12:50] {_jfjf64} lol
[12:52] {nemo} fcx testing support
[12:52] {Threei} and no jf, my new car is not a Toyota
[12:53] {_jfjf64} see ya in infiniti
[12:54] {Threei} not yet
[12:55] {nemo} wfmi really being a stinker
[12:57] {Les} little bounce in fcx
[12:57] {Les} consolidation
[12:58] {nemo} rimm testing support area
[13:03] {dino} ctcm
[13:03] {_jfjf64} fcx
[13:03] {_jfjf64} any read vad
[13:04] {Les} there goes wfmi
[13:04] {Threei} no jf, sorry
[13:10] {nemo} might get a bounce around .70 on rimm 200 ma
[13:15] {_jfjf64} fcx
[13:15] {nemo} broke alreay
[13:15] {dino} hsii thinny, sm l .99
[13:16] {_jfjf64} y
[13:16] {nemo} aig break of .90 stop .80?
[13:17] {Threei} I wouldn't
[13:17] {nemo} Whyyyyyyyyyy?
[13:17] {Threei} I can't have my shiny toy today - nor can you
[13:17] {nemo} I'm having a bohica week...don't worry about it
[13:18] {_jfjf64} bohica
[13:19] {nemo} dcc jf
[13:19] {_jfjf64} dcc
[13:19] {nemo} you on mirc?
[13:20] {Threei} {_jfjf64} mirc
[13:20] {_jfjf64} n
[13:20] {nemo} oh
[13:20] {nemo} email please
[13:20] {fernp} AIG breakdown, vad?
[13:20] {Threei} not here
[13:20] {Threei} AIG...
[13:20] {Threei} hmmm
[13:21] {Threei} not sure fern
[13:21] {fernp} ok
[13:21] {Threei} chart is right,
[13:21] {Les} dino, watchya doing with ATHN? still long?
[13:21] {Threei} I am just hesitatnt to repeat the playh 40 cents lower
[13:21] {nemo} look at bids at .80
[13:21] {fernp} i understand. ty
[13:22] {Threei} we are mostly in the ranges at this time of the day, trend cpontinuing for so long makes me uneasy about follwoing it
[13:22] {Threei} chances for a sharp snapback stopping us out are simply too high
[13:24] {Threei} Seaworld guy calls Tillikum "contributing member of a team"
[13:25] {Les} well he does contribute live reality TV gore...
[13:25] {dino} yes les
[13:26] {Les} ty. s .39 for a scalp
[13:26] {dino} stop is break of lod
[13:26] {Les} ok. I want out just before lod
[13:26] {dino} nuva spike
[13:27] {dino} aetna will pay for device
[13:28] {Threei} NUVA Announces Insurance Provider Policy Reversal to Cover XLIF(R)
[13:28] {Threei} Aetna changed its spinal surgery policy to include coverage for the eXtreme Lateral Interbody Fusion... (37.24, +7.55, 25.43%) more...
[13:28] {Threei} UAUA... I hate this thing
[13:30] {nemo} aig break of 25 big offer?
[13:30] {nemo} no volume on this climb though
[13:30] {Threei} yeah, not sure
[13:31] {fernp} NUVA, any news?
[13:31] {Threei} look above fern
[13:31] {nemo} such a liquid stock, that offer might just be bait
[13:31] {fernp} sorry
[13:31] {Threei} Fed's Tarullo: Financial reform legislation must correct the too big to fail issue; disagreement remains on the issue
06[13:31] * nemo slaps fernp around a bit with a large fern
[13:31] {nemo} too much sangria
[13:31] {fernp} a large fern ummmm!!!
[13:32] {Threei} sprinckled with bacon?
[13:32] {Threei} an no carrot juice
[13:32] {nemo} you're a gentlemen fern
[13:32] {nemo} yeah, that break was valid
[13:32] {Threei} simply market following nemo
[13:32] {Threei} see suden SPY spike?
[13:33] {nemo} sure
[13:35] {Threei} I want one more win
[13:35] {Les} fcx at hod
[13:35] {Threei} then my weekend will be complete with:
[13:35] {fernp} me too, Vad
[13:35] {Threei} -3 weeks of winning days in a row,
[13:35] {Threei} - canada winning gold in hockey,
[13:35] {Threei} - new car
[13:36] {Threei} not too shabby of a weekend
[13:36] {Les} sounds like life is good
[13:36] {Threei} bearable
[13:36] {Threei} but I also have some Grey Goose in the fridge to make it good
[13:36] {fernp} i can't find anything convincing
[13:36] {Les} ATHN lod
[13:36] {Les} broken
[13:37] {Threei} have time still fern
[13:37] {Threei} don't want to press, waiting for as sure thing as possible
[13:37] {Threei} like that AIG short
[13:37] {fernp} sure :-)
[13:37] {dino} athn stopped
[13:37] {Threei} I also need time to swear at UAUA
[13:37] {Les} you have made me money vad
[13:37] {Threei} in russian
[13:37] {Les} but have lost learning to play with dino's type of play
[13:38] {Les} has been useful learning, despite cost
[13:38] {Threei} learning costs
[13:38] {dino} havard education
06[13:39] * Threei slaps gen around a bit with a large greeting from la-la land of blooming lotuses and Olynpic Games
[13:40] {dino} clw gap fill
[13:41] {nemo} fcx might be setting up a short
[13:44] {fernp} FAZ double bottom?
[13:44] {nemo} fas double top...
[13:46] {dino} sm l .00 clw wide risky
[13:47] {nemo} today
[13:58] {Les} nuva's moving
[13:59] {Les} ugh, ugly spread
[14:00] {strider} KO
[14:00] {Threei} {NUVA} excuse me for not being up to your aestetic standards
[14:00] {Les} should have had confidence to take it. but will wait until I grow up...
[14:00] {Les} one day I want to be like magoo
[14:01] {dino} lol
[14:01] {nemo} o.k. reminds of a line from a movie...
[14:01] {Threei} dino barely handles one of those
[14:01] {nemo} "Fat, lazy, and stupid is no way to go through life, son."
[14:01] {Threei} last thing he wants is a clone
[14:01] {Threei} rofl
[14:01] {nemo} Dean Wormer
[14:02] {Les} wait, checking
[14:02] {Les} not your animal house again
[14:02] {dino} yes
[14:02] {Les} didn't you grow up and leave college? :)
[14:03] {nemo} twice
[14:05] {Threei} lol... nemo is in rare shape today
[14:05] {strider} I hear that 3 times is a charm, nemo.
[14:05] {nemo} "I don't want to be Mr. Pink
[14:05] {nemo} "
[14:05] {Threei} reservoir dogs
[14:05] {strider} I have no idea what that means.
[14:05] {nemo} so what..nice vad
[14:08] {dino} cit
[14:10] {Les}
[14:10] {Les} thems my type of girls
[14:11] {larisa} both under legal drinking age :)
[14:12] {nemo} not in switzerland
[14:12] {Les} how old you gotta be for a beer?
[14:12] {larisa} 19 in Canada?
[14:13] {dino} athn lod
[14:13] {larisa} sport event and smoking/drinking. real Olympic spirit
[14:14] {fernp} lol
[14:19] {ese} EYUOIPO[
[14:20] {strider} Looks like Greek to me.
[14:20] {ese} opps....thts my head hitting the keyboard
06[14:20] * nemo slaps ese around a bit with a large bottle of lithium
[14:21] {larisa} this is better : best hockey player, what a beauty :)
[14:21] {Les} hahahaha
[14:22] {nemo} How'd you get a picture of Les?
[14:22] {larisa} I know people
[14:23] {strider} Larisa, I think we know the same people.
[14:23] {larisa} lol
[14:25] {strider} JASO hugging $5
[14:25] {Les} NUVA could be good for a 38 b/d?
[14:25] {Les} been playing it. not an easy customer
[14:29] {Les} how does changing insurance policy for surgery merit such volatility?
[14:33] {dino} they will re-imburse users. prior they would not, so docs would not recommend
[14:34] {Les} ah ok
[14:39] {strider} Question, Master vad:
[14:39] {strider} What do you think about ORCT as an overnight? Can find no news.
[14:41] {Threei} lemme look
[14:41] {strider} Resistance on daily back in Oct.
[14:42] {Threei} I've no idea strider
[14:42] {Threei} it can do whatever
[14:43] {strider} Are your overnights usu. backed up by news?
[14:43] {Threei} not necessary
[14:44] {Threei} but there is no setup on daily either, just a long green candle
[14:44] {Threei} and volume spike
[14:44] {Threei} can be euphoria just as well
[14:44] {strider} True. and strung out on the 3rd day of climb.
[14:46] {strider} Probably too late.
[14:59] {ese} my screens have totally stopped.......don't remember seeing it like this before...calm before the storm per chance
[14:59] {Threei} yes but I don't think storm will come today
[14:59] {Threei} Friday...
[14:59] {ese} Well then.......i'll see you all on Monday
[14:59] {Threei} okay :)
[14:59] {Threei} have a good one
[14:59] {billyc} cya ese
[14:59] {Les} ciao bon weekend
[14:59] {dino} cya es
[15:00] {fernp} bye ese
[15:00] {ese} take care vad, billy dino les
[15:00] {ese} fern
[15:02] {Threei} in case market breaks higher:
[15:02] {Threei} Long Setup: X .10 break
[15:02] {Threei} if stays above 53
[15:03] {larisa} huh, was drawing trendline to see the breakpoint when you typed :)
[15:04] {Threei} do we agree?
[15:04] {larisa} yes, but i doubt it will break
[15:05] {Threei} that's not a concern really... no break, no trade
[15:06] {larisa} why, it can be a short off 53 if no trend break :)
[15:06] {larisa} oops
[15:06] {Threei} sure
[15:10] {Threei} look at frikin WFMI
[15:10] {nemo} yeah
[15:10] {Threei} goes for that 36 I caqlled - after rudely shaking us out
[15:12] {larisa} so boring, better go watch Olympics while it lasts :)
[15:12] {Threei} nothing's on right now
[15:12] {larisa} not even curling???
[15:13] {Threei} wait
[15:13] {Threei} USA Finland
[15:13] {Threei} hockey
[15:13] {Threei} curling can watch itself, I'll pass
[15:13] {nemo} ahhhh....X
[15:13] {larisa} X just ranging
[15:14] {Threei} VPHM...
[15:14] {Threei} just broke .45 and back into support
[15:14] {Threei} if market breaks, may stage last run
[15:16] {Threei} US leads 2:0
[15:17] {_jfjf64} sorry just got bk x still valid vad
[15:18] {Threei} I doubt it
[15:25] {Threei} 4:0
[15:29] {Threei} 6:0... this is getting ridiculous
[15:29] {larisa} look for a trade
[15:29] {Threei} I need another entertaiment
[15:30] {Threei} I do
[15:30] {Threei} VPHM is tghe only thing more or less looking like one
[15:30] {larisa} market is slow like russians while playing Canadians
[15:31] {strider} If VPHM is entertaining you, you need higher standards.:)
[15:31] {Les} NUVA trying to make 40. lot of resistance
[15:31] {larisa} lol
[15:31] {Threei} lol
[15:32] {Threei} if this is how I see fun, I need either look up this word or get out more often
[15:32] {dino} out clw .40 ave, +.41
[15:32] {dino} opps +.40
[15:32] {_jfjf64} nice
[15:32] {Threei} wtg
[15:32] {dino} thx, tuff to get out of
[15:35] {Threei} White House Press Sec: Obama to make announcement next week on path for health care reform
[15:36] {Threei} read: ramming down your throat is coming
[15:36] {_jfjf64} gv it a rest obama
[15:37] {dino} please
[15:38] {Threei} not going to happen jf
[15:39] {Threei} his view is: if you are against it, that's because you don't understand; if he did anything wrong it was not expmaining enough
[15:39] {Threei} 'cause you know, when your counterpart is stupid you have to explain twice
[15:39] {_jfjf64} explain pls
[15:40] {Threei} lol
[15:40] {_jfjf64} lol
[15:41] {dino} darn clw
[15:48] {Threei} JP) 7.3 magnitude earthquake strikes near Ryukyu Islands chain in southern Japan
[15:48] {nemo} Okinawa
[15:49] {fernp} bad week here. Have a nice weekend everybody.
[15:49] {Les} ciao fern bon weekend
[15:49] {_jfjf64} see ya
[15:49] {billyc} cya fern
[15:49] {Threei} take care fern
[15:49] {dino} cya fern
[15:50] {dino} out hsii +.03
[15:51] {_jfjf64} im packin it up also great being back in room ty vad see all on monday
[15:51] {billyc} cya jf
[15:51] {Les} ciao jf
[15:53] {Threei} okay guys, second half of the day is all but empty
[15:53] {nemo} cya
[15:53] {Threei} let's have a good weekend
[15:53] {Threei} see you on Monday
[15:53] {billyc} gn all have a great weekend
[15:53] {larisa} bye :)
[15:54] {Les} you too. have fun with your toy 4x4
[15:54] {Threei} 4x4?
[15:54] {Threei} it's AWD
[15:54] {Les} the nissan isn't 4WD
[15:54] {Threei} 4x4 referes to constant engagement of all 4 wheels
[15:55] {Les} so does AWD doesn't it?
[15:55] {Threei} AWD is front wheel drive when road conditions are fine,
[15:55] {Threei} switches to 4 when slipperuy
[15:55] {Les} automatically?
[15:55] {Threei} asnd computer distributed engagement
[15:55] {Threei} from 90/10 to 50/50
[15:55] {Threei} yes
[15:55] {Threei} or you can do it manually
[15:56] {Les} whatever
[15:56] {Les} have fun
[15:57] {dino} out swm .91 -.09

Thursday, February 25, 2010

Feb 25 2010

Another slow and profitable day. 5 plays, 4 wins. To deal with boredom later we made traditional beer bets on where the DOW finishes the day and I won by betting on -50

Session Time: Thu Feb 25 00:00:00 2010

06[08:19] * nemo slaps _jfjf64 around a bit with a large trout
[08:26] {Threei} US) Fed's Pianalto: Not seeing any "warning signs" of inflation, recovery "does not feel like one"
[08:26] {Threei} - Markets expect low inflation for next five years.
[08:29] {nemo} mmmhhh...wonder if fas will be good play off initial claims
[08:29] {Threei} PALM Halted: news pending
[08:30] {nemo} initial claims must suck
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 496K V 460KE
[08:30] {Threei} CONTINUING CLAIMS: 4.617M V 4.570ME
[08:30] {nemo} bohica
[08:31] {nemo} what about durable orders?
[08:31] {Threei} *(US) INITIAL JOBLESS CLAIMS: 496K V 460KE; CONTINUING CLAIMS: 4.617M V 4.570ME
[08:31] {Threei} - Prior Initial Claims revised higher from 473K to 474K
[08:32] {nemo} so, now where back to where we were Monday
[08:32] {nemo} or Tuesday rather
[08:39] {fernp} Good morning everybody
[08:40] {nemo} good afternoon, fern
[08:41] {fernp} nemo :-)
[08:42] {Threei} fern :)
[08:55] {Threei} Fed's Pianalto: mortgage modifications have proved more difficult to execute than anticipated - Q&A
[08:55] {Threei} wow
[08:55] {Threei} something was harder for fed than they thought? say it ain't so
[09:00] {Threei} poor PALM
[09:00] {Threei} Palm, Inc Lowers FY10 guidance to 'well below' previous target of $1.6-1.8B; Guides Q3 Rev $300-320M v $425Me
[09:00] {Threei} - Palm expects fiscal year 2010 revenues to be well below its previously forecasted range of $1.6B to $1.8B. The company will provide more detail on its financial results during Palms third-quarter financial results conference call currently scheduled for Thursday, March 18.
[09:00] {Threei} - Expects to close its third fiscal quarter with a cash, cash equivalents and short-term investments balance in excess of $500M.
[09:00] {Threei} - Driving broad consumer adoption of Palm products is taking longer than we anticipated, said Jon Rubinstein, chairman and chief executive officer. Our carrier partners remain committed, and we are working closely with them to increase awareness and drive sales of our differentiated Palm products.
[09:01] {nemo} how'd you like to be one of those saps that bought at 8.40 this morning
[09:02] {Threei} I wouldn't
[09:02] {Threei} but then again, I never understood the "it dropped, let's buy it" mentality
[09:02] {nemo} offers getting hit, short covering
[09:02] {nemo} nice to be done with the day before the open
[09:03] {Threei} as if everything moved within a range, and low automatically means bounce back up
[09:03] {Threei} PAL Identifies Several New Gold and Copper Targets with Midland Exploration on the Laflamme Property (3.80, 0.00, 0.00%)
[09:04] {nemo} wow, that palm info really tanked the market
[09:04] {Threei} I doubt it
[09:04] {nemo} at least in the short term
[09:04] {nemo} put it this was a catalyst
[09:05] {Threei} market drop on its own... PALM is but a small player
[09:05] {nemo} coincidence then
[09:05] {_jfjf64} mornin people
[09:05] {Threei} jf :)
[09:13] {ese} morning
[09:13] {Threei} ese :)
[09:14] {Les} haroo, or so Nemo likes to say :)
[09:14] {Threei} les :)
[09:15] {dino} gm all, another 3" of snow and still falling
[09:15] {Threei} GS Fed Chairman Bernanke: Fed is looking in to questions about derivative deals involving Greece, Goldman and other firms
[09:15] {Threei} dino :)
[09:15] {strider} we got about an inch last night, dino.
[09:16] {strider} sun is out now.
[09:16] {dino} they are now saying 15 to 24"
[09:16] {dino} on top of 12 yesterday
[09:16] {dino} sweeeeeeeetttttt
[09:17] {Les} nice futures
[09:17] {Les} blooooooood
[09:17] {Threei} remember me saying yesterday, same incident with killer whale happened in Victoria once?
[09:17] {Threei} well, tunred out it's the same whale
[09:18] {billyc} gm everyone
[09:18] {Threei} billy :)
[09:18] {Les} funny that, orca's being intelligent creatures
[09:18] {Les} guess it doesn't like be a circus pet
[09:18] {Les} hi billy
[09:18] {dino} gaps at 1775 ndx, 1075 s/p
[09:18] {billyc} hey les vad
[09:18] {Threei} well, this particular one...
[09:19] {Threei} it's not like there were many such cases over decades of this show
[09:19] {dino} i saw that 3i, like 3 incidences for that beast
[09:19] {Threei} yeah
[09:19] {larisa} gm :)
[09:19] {Threei} larisa :)
[09:19] {Threei} 1991, first case
[09:19] {Les} hi larisa
[09:19] {billyc} hi larisa
[09:20] {larisa} vad, les, billy :)
[09:22] {strider} morning everyone.
[09:22] {lasertrev} morning
[09:22] {Les} fcx sitting at 71
[09:22] {Threei} strider, trev :)
[09:23] {strider} :)
[09:23] {billyc} hey strider trevor
[09:23] {Les} morn strider
[09:23] {strider} hi-billy, Les.
[09:23] {nemo} is Raven here...or does he just forget to shut off his computer?
[09:25] {lasertrev} hi billy
[09:26] {Raven} {}
[09:27] {nemo} hi raven :)
[09:27] {Raven} morn n
[09:28] {nemo} mmmhhhh, interesting support level there for rimm
[09:28] {nemo} X looks ready to fall
[09:29] {nemo} lot of market selling in rimm
[09:32] {Threei} Long Setup: WFC .10 break
[09:32] {Threei} if stays above .05
[09:32] {Threei} aim to sell half near .20
[09:34] {Threei} half out
[09:34] {Threei} stop to under .10
[09:34] {Threei} scalpers have over 1:1
[09:34] {_jfjf64} ty
[09:35] {dino} iclr beats raises and drops
[09:37] {Threei} Fed's Bernanke: Inflation has been subdued; harsh weather in last months will have impact on data - Q&
[09:37] {Threei} ahha... it's weather's fault
[09:38] {_jfjf64} vxx
[09:39] {Les} NTES
[09:39] {_jfjf64} you lk vad
[09:39] {Threei} not sure
[09:40] {_jfjf64} ty
[09:40] {Threei} X
[09:40] {Les} bouncing. you wanna short it?
[09:40] {Threei} no, thinkjing of half lot long on pullback
[09:40] {Threei} ugh... was thinking too long
[09:41] {_jfjf64} lol
[09:41] {nemo} no pullback
[09:41] {Threei} pullback into .50 was classic entry
[09:42] {Threei} ok
[09:42] {Threei} recross of .50 long
[09:42] {Threei} half lot
[09:42] {Threei} if loses .40, hunt ffor the same setup, 10 cents lower
[09:43] {Threei} as in .40 recross if holding .30
[09:43] {Threei} 1:1
[09:43] {nemo} I shouldn't have read the log
[09:44] {Threei} (US) Preview: Dec and Q4 House Price Index due out at 10:00ET
[09:44] {Threei} **consensus expectation:
[09:44] {Threei} - Dec House Price Index (m/m): 0.4%e v 0.7% prior
[09:44] {Threei} 1:1 on second setup
[09:44] {Threei} fast and furious
[09:45] {Threei} no chance to call it, just have to explain setructure in advance so you execute it when you see it
[09:45] {Threei} market sharp drop, wait for lower prices
[09:45] {_jfjf64} vxx yeah
[09:46] {nemo} QQQQs broke through there daily ichimoku cloud :)
[09:46] {Threei} lol
[09:46] {nemo} sanity not one of my stronger traits
[09:47] {nemo} alzheimer's market, doesn't remember yesterday
[09:48] {Les} STEC
[09:50] {Les} TM hovering around 73
[09:52] {Threei} (US) US Energy Sec Chu: Govt wants more oil market transparency in efforts to cut price volatility (related USO OIH )
[09:52] {nemo} If words were snow storms
[09:53] {Threei} Long Setup: BRCM .85
[09:54] {Threei} stop for hardcore scalpers under .80
[09:54] {Threei} for day traders under .75
[09:54] {dino} cfi sm .75 l
[09:56] {nemo} awful liquid for you ino
[09:56] {Threei} ese and fern have 1:1
[09:56] {fernp} ty Vad
[09:56] {nemo} I'll be back...gotta reboot
[09:57] {Threei} day traders have 1:1
[09:57] {_jfjf64} ty
[09:57] {Les} half out .94
[09:57] {Threei} yw
[09:59] {ese} i wish......have been following myl and trlg
[10:00] {Les} all out +.01
[10:01] {Threei} oh come on ese... not only I called your type of tade, I called your favorite stock
[10:01] {Threei} but you chose to hurt my feeling deeply by ignoring all three
[10:01] {Threei} your play, your stock and me
[10:01] {Threei} {--- crying bitterly in the corner
[10:02] {Threei} *(US) DEC HOUSE PRICE INDEX (M/M): -1.6% V 0.4% PRIOR
[10:02] {ese} i know tks vad.......your lookin out for me......appreciate it
[10:03] {Threei} Q4 (Q/Q): -0.1% V 0.2% PRIOR
[10:04] {Les} stec 10 b/d?
[10:05] {Threei} US) TARP Oversight Head Warren: Will be asking Treasury about lack of restirction on aid for GMAC
[10:05] {Threei} nah Les
[10:05] {Threei} not my kind of play
[10:06] {Les} k
[10:06] {nemo} wfmi recovered gap
[10:07] {nemo} looks like ready for a short
[10:07] {dino} guess who's on tv
[10:07] {nemo} lori petty
[10:07] {_jfjf64} watchin vxx pull bk to.80
[10:10] {Les} fsys strong
[10:10] {Threei} don't you love these guys without real time quotes:
[10:10] {Threei} PALM BofA/Merrill Lynch reiterates Underperform rating, price target $10
[10:12] {dino} value added research
[10:12] {nemo} subtracted perhaps
[10:13] {ese} Ltrlg .56
[10:13] {ese} sorry late call....watching too close
[10:15] {nemo} rangebound already
[10:15] {ese} out trlg avg .74 +.18
[10:15] {Threei} wrg
[10:15] {Les} nice
[10:15] {Threei} r=t
[10:16] {nemo} oh, thought it was a symbol
[10:16] {billyc} wtg ese
[10:16] {ese} L brcm .00
[10:16] {nemo} that's indecent for ese
[10:17] {dino} kss, plce, fsys, chl green
[10:17] {Les} AIG popping again
[10:18] {ese} 1/2 out brcm .05 +.05
[10:19] {Threei} AIG, daily show of insanity
[10:19] {ese} tks billy
[10:20] {ese} out remaining 1/2 .04 +.04
[10:21] {ese} wanted more from second 1/2 but thought i would ldo it as straight up scalp
[10:21] {Threei} probably good idea
[10:21] {ese} in this mrkt for sure
[10:22] {Threei} you are 15 cents late vs optimal entry, and market is running out of gas earlier than usual today
[10:22] {Threei} too easy to run into stall or drop
[10:24] {ese} ya wish i had caught your call soon enough
[10:25] {_jfjf64} vxx
[10:26] {dino} iclr sm l .50
[10:29] {Threei} AIG
[10:29] {Threei} should be bounce-ready soon
[10:30] {ese} L brcm sm 500 .04
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 245M shares, about even to its three-month average; decliners lead advancers by 10.2:1.
[10:30] {Threei} - NASDAQ volume 550M shares, about 9% above its three-month average; decliners lead advancers by 4.7:1.
[10:30] {Threei} - VIX index +10.5% to just over 22.00
[10:30] {ese} i have this feeling brcm is going to steadily climb today
[10:40] {ese} hmmmmmm how did i miss that uaua move.......
[10:45] {nemo} kss
[10:49] {dino} scanners green
[10:51] {ese} man thats weird dino.....mine turned green at the same time your s did
[10:55] {ese} now whats really wierd is that i didn't get a slap from nemo on that last poor attempt of a joke
[10:55] {dino} still green
[10:55] {ese} lol
[10:57] {Threei} market is locked
[10:57] {Threei} period of morning activity becames shorter
[10:58] {_jfjf64} so what we do know
[10:58] {Threei} approach is still "get your trades early"
[10:58] {fernp} AIG c&h
[10:58] {Threei} then wait for something extraordinary to happen,
[10:58] {Threei} but dismiss "usual" trades
[10:58] {Les} tis a pity, cause I'm determined to follow only your calls now. sick of forcing losing trades
[10:58] {_jfjf64} nothin wrong with that
[10:58] {Threei} and whatever you find, go for a scalp
[10:59] {Threei} don't iversit anything
[10:59] {Threei} oversit
[11:02] {Threei} who watched hockey yesterday?
[11:02] {billyc} i did
[11:02] {Threei} wasn't it a beautiful game
[11:02] {billyc} it was awesome
[11:03] {larisa} it was not a game :) just one team on ice
[11:03] {billyc} they shut #8 down
[11:03] {Threei} where was the other team larisa?? :)
[11:03] {larisa} who knows
[11:04] {Threei} that was "Canada, Unhindged"
[11:04] {larisa} but we will have Sochi. Just 4 more years :)
[11:09] {larisa} it will be funny though if Slovakiya will beat Canada :)
[11:09] {fernp} INTC if breaks lod, Vad?
[11:10] {Les} fcx slw popping
[11:10] {Threei} I doubt it fern
[11:11] {fernp} ok
[11:11] {strider} BIG
[11:15] {strider} VZ
[11:17] {Threei} Spot gold firms on chatter that China has stated interest in buying next scheduled rould of IMF gold sales
[11:17] {Threei} - source is an English language Russian news website citing Russia's Interfax as stating China
[11:17] {Threei} ***Reminder: India Central Bank has previously indicated interest in the second leg of IMF gold sales. On 02/17/2010 the IMF said it will shortly begin market sales for remaining 191 tons of gold; To start selling up to $7B of gold to market
[11:17] {Threei} this is beyond weird
[11:18] {Threei} if I am China, and I want to buy IMF gold, why on Earth would I want to announce that?
[11:18] {Threei} to trigger frontrunning and get higher price?
[11:19] {ese} someone explain that to not gold follower so what are the implications
[11:19] {Threei} and isn't the source bizarre:
[11:19] {Threei} English language Russian news website citing Russia's Interfax as stating China
[11:20] {Threei} - Note: On 2/23 the China gold association commented that China would not purchase IMF gold as it may upset the markets; would continue purchasing gold mines internationally in efforts to grow gold reserves
[11:23] {Threei} US) Fed's Bernanke: China's USD reserves have not changed significantly; is still acquiring US treasuries - Q&A
[11:23] {Threei} - sees China currency peg as an issue
[11:28] {strider} PALM inverse c&h, downgrade
[11:29] {Threei} watching BRCM for bounce scalp
[11:29] {Threei} .65 support
[11:30] {Threei} ideally, dive to .70, maybe a cent or two under, then recross
[11:30] {Threei} watch market too, don't buy into sheer selling
[11:31] {Threei} Pelosi Says No Time for Starting Health Care Bill Anew, Americans Need Bill Now
[11:32] {Threei} wait for me, I'll go puke
[11:35] {Threei} if BRCM never loses .70 and market reverses, .75 break is the play although it won't be my preferred setup
[11:42] {nemo} no energy in brcm
[11:42] {nemo} scary, those bollinger bands tightening
[11:42] {Threei} then bounce is more likely
[11:42] {nemo} boots please
[11:42] {nemo} steel toe preferably
06[11:43] * Threei kicks BRCM in the rear with steel toe heavy duty army boots
[11:43] {nemo} ty
[11:44] {nemo} got a little bounce
06[11:44] * Threei repeatedly kicks BRCM in the rear with steel toe heavy duty army boots
[11:47] {Threei} did I confuse front and rear?
[11:49] {Threei} BRCM neds to wear a broch
[11:49] {nemo} a what?
[11:50] {Threei} brooch?
[11:51] {nemo} now we're into lunchtime
[11:52] {dino} good i'm hungry
[11:54] {Threei} no go
[11:54] {fernp} stopped
[11:54] {Threei} knew I didn't like it
[11:54] {nemo} jumpe my stop
[11:55] {nemo} tight range day lunch time break yeah
[12:00] {larisa} freaking TSL 3$ bounce
[12:03] {dino} zzzzzzzzzzzzzzz
[12:11] {Threei} one thing I never found guts to call long facing market selkkloff was XNPT
[12:11] {Threei} 8 break was very tempting
[12:11] {nemo} xnpt
[12:12] {nemo} fcx closed gap
[12:20] {Threei} CLNE
[12:20] {Threei} Clean Energy Fuels CEO: Very optimistic Congress will pass the Natural Gas Act after recent meeting with Senators - CNBC interview
[12:28] {ese} L jaso .86
[12:28] {ese} .8675 to be exact
[12:29] {nemo} musicians
[12:29] {nemo} slb crowding the highs
[12:33] {Les} from dino's remarks I assume we're on the sidelines...
[12:33] {Les} zzzzzzzzzzzzzzzzzz
[12:34] {ese} good thing i didn't put down the last 4 numbers......nemo would reallly have my hide then
[12:34] {nemo} how can he talk when he's asleep?
[12:34] {Les} how can you talk without thinking? :)
[12:34] {nemo} what, do stochastic calculus in your head, ese
[12:35] {nemo} you bring it out in me Les!
[12:35] {ese} out jaso .94 +.07 and a bit....nice little 4k hit
[12:36] {ese} have tried in the past.....but it just hurts the brain too much so I decided to quit
[12:37] {ese} brcm finally coming around
[12:37] {nemo} Les...I rarely engage my brain before putting my mouth into gear...
[12:39] {Les} PALM ain't the big mover, but I like the selling volume going into lunch
[12:40] {nemo} brcm should go to .85
[12:40] {ese} by the way....don't try a jaso like that at thin really no entry signal......just got a little bored
[12:42] {ese} hmmmm not thin anymore though
[12:46] {nemo} wfmi just broke 2 day resistance
[12:50] {ese} intra day resistance nemo? My charts say no highs hae been broken
[12:51] {ese} tht would have been a good one too
[12:52] {nemo} if you look at the 5 minute from yesterday, except for the wile. e. coyote tail around 10:50 yesterday, it flirted with the .75 level dropped, came back to it this afternoon
[12:52] {ese} am still long 500shs brcm
[12:52] {dino} all green
[12:54] {nemo} ese, check your inbox
[12:57] {dino} don't do it
[12:57] {nemo} shut up dino
[12:57] {nemo} I got a nice virus tucked in there...
[12:57] {dino} ouch
[12:58] {ese} will do
[12:59] {ese} wow thats a terrific chart....tks for that info
[12:59] {nemo} I flipped on it just as it broke, didn't have time to process
[12:59] {ese} do you subscribe to that service or just do the free thing
[12:59] {nemo} free
[13:00] {nemo}
[13:02] {Les} come on Nemo, cough it up
[13:02] {nemo} cough up what ya' sheila
[13:02] {Les} your phantasmical chart
[13:02] {nemo} it's nothing you don't see everyday dude
[13:03] {nemo} just look at the wfmi at the .75 level over the last two days
[13:03] {nemo} see the resistance
[13:03] {nemo} I don't necessarily count the wicks if there's only one or two
[13:03] {nemo} wile e. coyote moments
[13:04] {nemo} they run off the cliff...realize it...and scamper back
[13:04] {ese} I like that wile e coyote visual......
[13:05] {nemo} yeah the Oh, S_ _ _! moment
[13:06] {nemo} wow gold
[13:07] {fernp} LYV any read, Vad?
[13:07] {nemo} Love You Vad?
[13:07] {nemo} whoa...fern
[13:08] {fernp} lol
[13:08] {nemo} Ya lo creo!
[13:08] {Threei} I can't answer fern... I need 5-10 min to come out of a blackpout
[13:09] {Threei} blackout
[13:09] {nemo} ?
[13:09] {fernp} ahh!,, ok
[13:09] {ese} vad has to just look at us somedays and just shake his head....don't ya think
[13:09] {nemo} pot calling the kettle "black"
[13:09] {Threei} ese, that's nothing... much more disturbing is the fact that I feel right at home...
[13:10] {ese} lol
[13:10] {Threei} and no fern... not likeing that very much
[13:10] {fernp} ty
[13:14] {nemo} db on fas?
[13:14] {Threei} 50/50
[13:14] {nemo} trend resistance?
[13:16] {Les} PALM for a 5 cent scalp. a sleeper, that one
[13:17] {Les} brcm .80 b/d?
[13:17] {Les} type 1 scalp. right up ese's tree
[13:17] {Threei} those are all standard setups
[13:18] {Threei} none of them is really readable when the market stalls like this
[13:18] {Threei} you can go for any of them if tou are confortable with risk
[13:18] {Les} ok
[13:24] {ese} was in the washroom.......i'm still long brcm vad at .04.....content to just watch it
[13:25] {ese} although??????
[13:26] {Threei} hmmm
[13:26] {Les} AIG for a conventional 6 cents - 28 b/d
[13:27] {Threei} don't know what to say ese, it's not scalping anymore, if you are still holding from .04
[13:28] {Threei} good one
[13:28] {ese} those 500 shs are a day trade...... definitely not a scalp.....
[13:28] {Les} damn watching the simpsons. look at AIG go!
[13:29] {Threei} sheesh
[13:29] {Les} holy &%it
[13:29] {Threei} you are kidding
[13:29] {Threei} you mentioned the play, I took it - and you didn't?
[13:29] {Les} lol somebody kick me
[13:29] {ese} my day trade?
[13:29] {Threei} no, les
[13:29] {Les} hahaha
[13:29] {Threei} it's about to trigger and you are watching cartoon instead?
06[13:30] * Threei unholsters his Mauser circa 1917
[13:31] {Les} sorry, promised the kids a little tv before dinner. on the comp next to me.
[13:31] {Les} something has to change here
[13:31] {Threei} what was that sign? no Les no more?
[13:31] {nemo} ask Raven
[13:32] {Threei}
[13:32] {nemo} one could only hope
[13:32] {Les} where did you get out Vad?
[13:32] {Threei} .84
[13:33] {Threei} .98 entry
[13:33] {Les} too glad to help
[13:33] {Les} another b/d coming?
[13:33] {Threei} CNBC's Liesman: Fed is looking at whether banks followed supervisory guidance in dealing with various countries' debt including Greece
[13:33] {Threei} - Reminder: earlier Bernanke commented that the Fed is looking in to questions about derivative deals involving Greece, Goldman and other firms
[13:33] {Threei} completely different chart now
[13:34] {Threei} that one was beasutiful DBI
[13:34] {Threei} this is who knows what... maybe double bottomn
[13:34] {Threei} CH) 15 US Senators have reportedly requested the Commerce Dept investigate whether the China peg is considered an 'illegal subsidy'
[13:35] {nemo} .75 pivot next support .60
[13:55] {strider} kv.a halted.
[13:56] {dino} rally
[13:56] {strider} I know you guys are disappointed.
[13:56] {fernp} LYV 1:1 nemo
[13:56] {Threei} very strider... kva is our favorite
[13:56] {strider} that's kv dot a.
[13:56] {ese} gotta go all........may be back in 1 1/2 hrs.....if not see you tomorrow
[13:57] {billyc} cya
[13:57] {nemo} day will probably end up about 80 points down yesterday 80 or so up day before 80 or so down...etc
[13:58] {Threei} take care ese
[13:58] {nemo} spy shoul get at least to 110.20
[13:59] {Threei} TM May miss North America production target by 20% - Nikkei (73.87, -0.46, -0.62%)
[14:00] {Threei} (US) Fed's Bullard: Concerned that labor market has not improved yet; Federal deficit is also a big concern; credit markets have not yet returned to normal - Q&A
[14:00] {Threei} - there is a risk for inflation in the 2-5 year time frame
[14:00] {Threei} - Fed would be required to raise rates if inflation was unhinged as it would be the priority
[14:05] {dino} all dayer out iclr .90, +.40
[14:05] {Threei} wtg
[14:05] {dino} all dayer out cfi .43, +.68
[14:05] {dino} ty
[14:05] {strider} AAPL, rumour of 4:1 split
[14:05] {Threei} double wtg
[14:15] {Les} x .80 b/d
[14:15] {Les} ?
[14:15] {Threei} nah
[14:16] {Les} ah right full day chart says otherwise
[14:20] {Threei} SEC looking into "potential abuses and destabilizing effects" of Credit Default Swaps (CDS)
[14:20] {Threei} - will not comment on whether it is probing Goldman over its role in assisting Greece on derivatives deals.
[14:20] {Les} they're what, 5 years too late to be looking into potential problems now
[14:21] {nemo} so whaddya' think, bunch of bull flags
[14:21] {nemo} ?
[14:21] {dino} swm sm l .13
[14:22] {nemo} stop dino
[14:23] {strider} you can't stop dino.
[14:23] {Threei} lol
[14:23] {nemo} oy vay
[14:25] {Les} Dino might be a bit old for this, but Nemo just made me think of this song.
[14:25] {Les}
[14:25] {dino} good one
[14:26] {nemo} scary...i remember that
[14:26] {nemo} not on my ipod...that's for sure
[14:26] {Les} oh don't get me wrong, I'm just as jealous as others here dino...
[14:26] {nemo} then again...I don't have one
[14:27] {nemo} so, fas forming a little inverted H&S
[14:27] {nemo} ?
[14:28] {strider} the operative word is 'little'
[14:28] {larisa} I feel adventurous.. -150 closing ? :)
[14:28] {Les} vxx .10 b/d?
[14:28] {Threei} -50
[14:28] {larisa} no way
[14:28] {nemo} yes, but if the R/W is good, it's all relative,,,look at ese's .04 plays
[14:28] {dino} +10 larisa
[14:28] {Threei} no les
[14:28] {nemo} yeah, even
[14:29] {nemo} no more
[14:29] {larisa} you guys know anyfing
[14:29] {Threei} NOW we are talking! all three traditional names are game, and bets are ranging all over
[14:29] {gregns} Les, b/d is breakdown?
[14:29] {strider} handle fell off the cup,, nemo.
[14:29] {Threei} larisa -150, dino +10, me -50
[14:30] {nemo} no, that was the shoulder...
[14:30] {Les} yeh greg
[14:30] {gregns} ty
[14:30] {Les} b/o being breakout
[14:30] {Les} lol Vad you're not going to believe me
[14:30] {Threei} and b/e being breakeven
[14:30] {gregns} and bs ?
[14:30] {strider} As in
[14:30] {nemo} and DB being.....
[14:30] {strider} 'I just wanta b/e
[14:31] {nemo} .....Les
[14:31] {Threei} as in "trail stop to be"
[14:31] {Les} I somehow managed to watch the simpsons
[14:31] {Les} short aig .99
[14:31] {Les} and just realised I had an open position
[14:31] {Les} somebody shoot me
[14:31] {Threei} well, you do live dangerously
[14:31] {Les} out +.14
[14:32] {nemo} love to
[14:32] {Les} speaking of aig
[14:32] {strider} Hey, we got it in writing, nemo.
[14:32] {nemo} got what
[14:32] {strider} [14:31] {Les} somebody shoot me
[14:32] {larisa} lol
[14:32] {nemo} oh wrong window
[14:32] {Les} what we got here, is a failure to communicate
[14:32] {nemo} I was dccing
[14:32] {Les} what movie?
[14:32] {nemo} thanks Strother Martin to Paul Newman
[14:33] {Les} wow didn't know Martin's name
[14:33] {Les} you are a movieholic nemo
[14:33] {nemo} it ain't rocket science les
[14:33] {nemo} no
[14:34] {nemo} he was a character actor on TV in the 60-70's he was all over the place
[14:34] {Les} how old did you say you are?
[14:35] {nemo} Vad's age
[14:35] {Threei} 04?
[14:35] {Threei} 94
[14:35] {nemo} more or Les
[14:36] {nemo} brcm might be readlying for a break
[14:38] {patience} .
[14:38] {nemo} don't you start
[14:39] {Les} aig
[14:40] {_jfjf64} miss anythin guys
[14:40] {Les} just me screwing up again
[14:40] {nemo} do nervous breakdowns count?
[14:40] {_jfjf64} thats not good
[14:41] {Les} well it was a profitable screw up, but not to be repeated
[14:41] {_jfjf64} the best kind
[14:41] {Threei} also, we tried to shoot him, jef,
[14:41] {Threei} he didn't object and even insisted
[14:42] {Threei} and here is the end result:
[14:42] {Threei}
[14:42] {nemo} Here's one for you Les "They Shoot Horses, Don't they." who said that?
[14:43] {Threei} tired horses
[14:43] {Threei} mo?
[14:43] {Threei} no
[14:43] {strider} Jane Fonda
[14:43] {Les} who is she?
[14:43] {nemo} that's who got shot
[14:43] {strider} Her brother is Captain America.
[14:43] {Threei} hmmm
[14:44] {strider} He got shot also.
[14:44] {Threei} it was "tired horses" in russian translation
[14:44] {nemo} Michael Sarrazin
[14:44] {Les} I remember her spunky little niece or daughter or whatever - Brigitte Fonda I think
[14:44] {strider} Who translated that?
[14:44] {strider} That's Peter's daughter.
[14:44] {Les} really?
[14:44] {strider} aka Captain America.
[14:45] {strider} yes
[14:45] {nemo} wfmi might be ready to break again
[14:45] {Les} only learnt of Peter Fonda in recent film studies at uni - easy riders was cool film
[14:46] {larisa} jane fonda aerobic queen :)
[14:46] {nemo} she was actually quite uncoordinated
[14:46] {larisa} from 70 or 80s ? not sure :)
[14:46] {_jfjf64} nemo
[14:47] {_jfjf64} funny stuff
[14:48] {nemo} aerobics really got going early 80's in california
[14:48] {larisa} and Russia
[14:48] {nemo} indexes look like they're reay to go north
[14:48] {nemo} and there goes wfmi
[14:49] {nemo} funny "aerobic" anecdote
[14:49] {nemo} I was doing some work at Reebok in the mid 80's
[14:49] {nemo} Angel Martinez was in charge of marketing
[14:49] {nemo} He told me the story of how Reebok designed a shoe for aerobics...which kicked off the company
[14:50] {Les} Vad, AIG b/d here .70?
[14:50] {nemo} He told Paul Fireman, the CEO his wife was doing this thing called aerobics out in california that was growing like wildfire
[14:50] {Threei} probably
[14:50] {nemo} alright, I'm out of here P&Q
[14:51] {Threei} I thought he was in the middle of the story?
[14:51] {Les} needed to take his medication?
[14:52] {Threei} hurricane finally came about?
[14:52] {larisa} les interrupted him with trading stuff and he got offended :)
[14:52] {Les} time to submit himself to parole officer?
[14:52] {Threei} no, I am giving him notes for that
[14:53] {Threei} "dear parole officer, nemo is going to be late today for his curfrew, asian markets trading, ya know"
[14:53] {strider} Asia.....he's not even supposed to leave the state.
[14:56] {fernp} Good evening everybody. see u tomorrow
[14:56] {Threei} take care fern
[14:56] {Les} ciao
[14:56] {billyc} cya fern
[14:57] {dino} cya fern
[14:58] {dino} about 12" more of snow, still falling
[14:58] {Threei} sheesh
[14:58] {larisa} what a February
[14:58] {dino} 15 to 24 forecast
[14:58] {dino} 12" tuesday night
[15:08] {dino} only 84 pts to go
[15:10] {larisa} agreed, but south :)
[15:11] {Threei} only 19 for my target
[15:18] {Threei} still no play ro finish the day with
[15:18] {Les} NVDA
[15:22] {Threei} White House affirms support of "Volcker Rule"; CFPA must be able to set and enforce regulations
[15:32] {Les} TM .70 b/d?
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 820M shares, about 2% above its three-month average; decliners lead advancers by 1.6:1.
[15:32] {Threei} - NASDAQ volume 1.89B shares, about 8% above its three-month average; decliners lead advancers by 1.9:1.
[15:32] {Threei} - VIX index +1.5% to just under 20.50
[15:32] {Threei} no les
[15:32] {strider} What can I do, personally, as a good American, to....
[15:33] {strider} increase the volatility of the market?
[15:33] {strider} I wanta help.
[15:34] {Threei} 8 points to my target
[15:35] {Threei} notice the volume formation over days
[15:36] {Threei} increase on red days, decrease on green
[15:37] {Les} today's dip looks like its being bought on volume though?
[15:37] {Threei} picked up second half of the day, yes
[15:40] {Threei} (US) Fed's Fisher: Cannot be specific on the timing of a rate increase; will remain low for extended period
[15:40] {Threei} - sees uncertainty holding the economy back
[15:40] {Threei} - unemployment wil remain 'uncomfortably high' for some time
[15:40] {Les} x
[15:40] {Les} bull flag?
[15:41] {Threei} it's at the high already
[15:41] {Threei} so in retrospect, yes, it was
[15:41] {ese} howdy all made it back for a few minutes
[15:42] {Threei} 4 points
[15:42] {dino} out swm .50 +.37
[15:43] {dino} slow day only 3 trades for me
[15:43] {dino} ndx green
[15:44] {Threei} ok... now don't rush too much, market
[15:44] {Threei} sit right here
[15:44] {Threei} and beer is mine
[15:44] {larisa} beer is bad for you
[15:44] {dino} maybe so
[15:44] {Threei} so is bacon and women
[15:45] {dino} but i love them both
[15:45] {Threei} there
[15:46] {Les} Gaddafi calls for jihad against Switzerland
[15:46] {Les} who needs FBI when we have Gaddafi?
[15:46] {Threei} what did you do to him?
[15:47] {billyc} gn all see you in the am
[15:47] {Threei} take care billy
[15:47] {Les} arrested one of his sons
[15:47] {Les} ciao billy
[15:50] {Threei} X Worst of the economic downturn is behind us (53.25, +1.13, 2.17%)
[15:50] {dino} cya bc
[15:50] {Threei} market said OK and sold X
[15:51] {dino} well, pretty much done. slow but profittable
[15:52] {dino} time to shovel the snow
[15:52] {Threei} yup, 4 for 5
[15:52] {dino} take care all
[15:52] {larisa} bye dino
[15:52] {Threei} you concede beer dino?
[15:52] {dino} ;)
[15:52] {Les} ciao dino
[15:53] {dino} thx all
[15:53] {Threei} see you tomorrow, drive safelyu
[15:57] {Threei} ojay guys, thank you all, have a good evening
[15:57] {Threei} east coasters, stay safe
[15:57] {Threei} see you tomorrow
[15:57] {larisa} bye all
[15:57] {Les} ok ciao
[15:57] {Threei} karisa
[15:57] {Threei} -51
[15:57] {Threei} larisa, sorry
[15:58] {Threei} how's that for precision?
[15:58] {larisa} I have -60
[15:58] {Threei} while I typed
[15:58] {Threei} moves back to 50
[15:59] {larisa} you played it safe, does not count
[15:59] {Threei} hmmm
[15:59] {Threei} I should be calling like -400 for it to count?
[15:59] {Threei} -50
[16:00] {larisa} gj :)
[16:00] {Threei} how about that?
[16:00] {Threei} :)
[16:01] {Threei} [CROX] Reports Q4 $0.04 v -$0.13e, R$136M v $117Me
[16:01] {Threei} - Guides Q1 $0.00 v -$0.01e, R$155-160M v $148Me

Wednesday, February 24, 2010

Feb 24 2010

Nice day with one stop and quite a few wins. Started with SQNM long, continued with bigger win on AIG long, then short etc... second half of the day was as it becomes customary - frozen solid.

Session Time: Wed Feb 24 00:00:00 2010

[07:49] {Threei} February 23, 2010 11:05:53 PM
[07:49] {Threei} Toyota Motor Corp Company's USA unit President Lentz: Recalls may not "totally" solve problems of unintended acceleration (update) - press
[07:49] {Threei} - Told US House Energy and Commerce Committee: "We are vigilant and we continue to look for potential causes."
[07:52] {Threei} Yesterday 16:14 STEC Reports Q4 $0.51 v $0.51e, R$106M v $102Me
[07:52] {Threei} - Guides Q1 EPS -$0.13 to -$0.11 v $0.26e, R$33-35M v $75Me (unclear if comparable)
[08:25] {Threei} GR) Germany reiterates prior comments that Greece must solve its own budget issues
[08:25] {nemo} market took quite a pop after 4:00 yesterday
[08:28] {Threei} had to leave, didn't watch
[08:28] {Threei} just because?
[08:28] {Threei} or there was some news development?
[08:29] {Threei} with latest from Toyota I can't believe it's not -5
[08:34] {nemo} no news that I saw, but as soon as the market closed Nas and spy went back to the afternoon highs
[08:43] {dino} gm all, about 12" of snow and 15 more coming tomorrow
[08:43] {Threei} dino :)
[08:43] {Threei} yikes
[08:44] {Threei} you guys really take it on the chin this winter
[08:44] {dino} most winters
[08:45] {Threei} guess the source of the quote:
[08:45] {Threei} Fortune turned against us and brought confusion to all we did. Greed destroyed honor, honesty and every other virtue, and taught men to be arrogant and cruel, to neglect the gods. Ambition made men false. Rome changed: A government which had once surpassed all others in justice and excellence now became cruel and unbearable.
[08:46] {Les} ouch dino, some sun and 52F here!
[08:46] {Les} cicero Vad?
[08:46] {Threei} fall of the constitutional Roman Republic and the rise of Julius Caesar, historian Sallust at the time
[08:46] {Les} good morning :)
[08:46] {Threei} les :)
[08:47] {dino} lucky dog les, but they are saying 40s next week
[08:47] {Les} cruel and unbearable is definition of low volatility. Give me some VIX today!
[08:48] {Threei} STEC looks to be a traders toy for today
[08:48] {dino} bad report
[08:49] {Threei} earnings were bearable, guidance is poor
[08:50] {dino} hrb, stec, slxp, dltr, w/fdo off it
[08:51] {dino} rig too
[08:51] {Threei} (SZ) Swiss Gov to send agreement with US IRS in regards to UBS to Parliment for approval
[08:51] {Threei} - Earlier it was reported that the Swiss gov was seeking to bill UBS for charges related to tax dispute with the US gov
[08:52] {ese} morning
[08:52] {Les} hi ese
[08:52] {Threei} ese :)
[08:52] {Les} dino, that your list for the day?
[08:53] {Les} or STEC sympathy plays?
[08:53] {dino} that plus usuals
[08:54] {dino} will add as scanner dictates
[08:57] {Les} ok thanks
[08:58] {Les} FCX at yesterday's low
[08:58] {nemo} gold down too
[08:58] {Threei} and TM is up - oh the irony
[08:59] {Les} yeh I'm waiting to see what TM does at opening
[08:59] {Les} mindful of Bill's suggestion that if FCX goes, so do the rest of the miners
[09:00] {Les} sub 15$ stocks would be fun to short
[09:00] {Threei} after admitting that they essentially are not even sure of the reasion for acceleration, thus fix may not fix anything, you'd expect it to be trading at 65 by now
[09:03] {fernp} Good morning everybody
[09:03] {Threei} fern :)
[09:03] {nemo} I'll agree with "morning"
[09:05] {dino} on tm, vad i think if it was f or gm, it would fall like a stone, but seems people just luv their toys
[09:05] {Threei} greetings must vary depoending of geographic location this winter fer... east coasters are grumpy :)
[09:05] {Threei} true dino
[09:06] {ese} little excessive for
[09:07] {dino} 30m vs est 60m or so es
[09:08] {Les} Wondering if TM is insufficiently traded by general public in US to aid in the panic selling?
[09:10] {ese} vad...where do you route most of your orders
[09:10] {Threei} ISLD
[09:11] {ese} can i ask why?
[09:12] {Threei} very fast, very liquid, algoythm used in Laser guarantees hitting all other participants if not enough shares on ISLD itself
[09:13] {nemo} is that the Nasdaq route?
[09:13] {Les} GRMN active premarket
[09:13] {Threei} yes nemo
[09:14] {nemo} Phewwww
[09:14] {Threei} it's Laser's euphemism for what used to be two ECNs, ISLD andf INET, now merged
[09:16] {larisa} gm :)
[09:16] {Threei} larisa :)
[09:16] {nemo} lari :)
[09:16] {larisa} vad, nemo :)
[09:17] {ese} tks
[09:20] {lasertrev} morning all
[09:20] {fernp} gm trev
[09:20] {Threei} trev :)
[09:20] {_jfjf64} mornin my friends
[09:20] {ese} island INET now
[09:21] {Threei} jf :)
[09:21] {Threei} they merged ese
[09:21] {Threei} diuff brojers have diff symbols for the resulting ECN
[09:21] {Threei} some continue calling it ISLD, some - INET, some give it third names
[09:21] {ese} ahhhhhhhh
[09:25] {Threei} let's wait out first minutes volaility in STEC
[09:25] {Threei} then see if we get clean setup
[09:25] {Threei} (PD) Polish Dept Fin Min Kotecki: Poland will most likely join the Euro Zone in 2015 - TV interview
[09:26] {Threei} O'd add: providing there is still what to join by then
[09:26] {Threei} PD) Poland Dep Fin Min: No target date set to enter the Euro
[09:26] {Threei} lol
[09:29] {Threei} 9.65 premarket resistance STEC
[09:32] {Threei} Short Setup: TM .35 half lot - IF stays under .50
[09:32] {billyc} gm all
[09:32] {Threei} billy :)
[09:32] {Threei} TM invalidated
[09:33] {Threei} STEC, let's see if we get pullback
[09:33] {Threei} closer to .60 would be nice
[09:35] {dino} hsii sm l .35
[09:35] {dino} thin
[09:35] {nemo} recruiters
[09:35] {Threei} (GR) Former ECB economist Issing: ECB will not buy up Greek debt (related SOVRX BUNDS EUR/USD )
[09:36] {Threei} Long Setup: SQNM 6.14 if stays above .05
[09:37] {nemo} 72.50 area important resistance for fas
[09:38] {dino} wcg sm l .75
[09:38] {Threei} (GR) EU's Van Rompuy: Will show "solidarity" with Greece if necessary
[09:38] {nemo} huh...the jokes
[09:38] {Threei} STEC inbetween setups all the time, can't catch right entry
[09:39] {dino} wanted high 8s on stec
[09:39] {dino} not happening
[09:40] {ese} pulback on sqnm ok vad
[09:40] {Threei} yes... you missed trigger?
[09:41] {ese} yes
[09:41] {Threei} here it is
[09:41] {ese} tks
[09:41] {ese} in .16
[09:42] {Threei} SQNM Hearing positive mention at Stansberry Research (timing uncertain) (6.05, +0.34, 5.95%)
[09:43] {Threei} 6.20 break should give 1:1 in a hurry
[09:43] {Les} scalp or partial?
[09:43] {Threei} partial for me
[09:43] {Threei} daily is clear for qwuite a while
[09:43] {Threei} SQNM 1:1 half out
[09:43] {nemo} out
[09:43] {nemo} ty
[09:44] {Threei} yw
[09:44] {_jfjf64} ty
[09:44] {Threei} yw
[09:44] {_jfjf64} sqnm
[09:44] {ese} out .22
[09:44] {Threei} stop for the balance to under .10
[09:45] {Threei} next trail to under .15 when breaks .25
[09:45] {Threei} (US) Sen (D) Dodd: Expects to see a bipartisan agreement on bank regulation bill soon; can not give specifics
[09:45] {nemo} it'll be toilet paper
[09:45] {Threei} trail to under .15
[09:45] {Threei} no losde territory
[09:45] {Threei} no lose
[09:46] {Les} STEC playing with 10 as resistance
[09:47] {Threei} went for it?
[09:47] {Threei} was good break
[09:47] {Les} been partialling in
[09:47] {Les} l .04
[09:47] {Les} wanna play dino's game today
[09:47] {Threei} start partialing out then
[09:47] {Threei} sharp spike
[09:48] {Threei} this is a bit different stock than dino
[09:48] {Threei} 's usual variety
[09:49] {Les} only small shares. all out .15. will try new setup
[09:49] {_jfjf64} you lk this pullback stec
[09:50] {Threei} not yet
[09:51] {Les} ty for spike call Vad. Something I don't clue in on frequently enough
[09:51] {Threei} tide is changing, IMO
[09:51] {Threei} pullback should be deeper now
[09:51] {Threei} too many piled up too fasdt, shakeout is in order
[09:52] {Threei} I'd expect drop to 9.80 at least
[09:54] {Threei} Short Setup: STEC 10 break
[09:54] {Threei} if stays under 10.10
[09:55] {dino} cfi
[10:00] {Threei} US) JAN NEW HOME SALES: 309K V 354KE (-11.2% M/M)
[10:00] {Threei} yikes
[10:00] {Threei} US) Treasury Sec Geithner: Gov needs power to break apart failing fimrs - Congressional testimony
[10:00] {Threei} US) Fed Chairman Bernanke: Fed will need to begin tightening at some point, reiterates key rate to remain where it is for "extended period" - Congressional testimony
[10:01] {Threei} no go STEC
[10:01] {dino} they aren't tightening w/unemployment and housing the way they are
[10:02] {Threei} - US is in a nascent economic recovery.
[10:02] {Threei} - Inflation concerns remain subdued.
[10:02] {Threei} - Labor market slack have reduced wage pressure.
[10:02] {Threei} - Supports legislation that would identify firms using Fed facilities.
[10:03] {dino} sm l clw .57
[10:04] {nemo} another rorschach test
[10:11] {dino} random dancing again
[10:12] {Threei} VPHM..
[10:13] {Threei} weirdo
[10:13] {Threei} before open:
[10:13] {Threei} ViroPharma Incorporated Reports Q4 $0.15 v $0.24e, R$88M v $82Me
[10:13] {Threei} - Guides 2010 net Cinryze sales in the range of $150-175M (Guided 2010 net Cinryze sales in range of $145-165M on 01/11)
[10:13] {Les} out STEC .49 +.34 except for 100 shares
[10:13] {nemo} wfmi looks to have bottomed, pullback between in the .50 area would be ideal
[10:14] {Threei} wtg les
[10:14] {fernp} SBUX breakdown .75, Vad?
[10:14] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:14] {Threei} **consensus expectations:
[10:14] {Threei} Crude: +2Me
[10:14] {Threei} Gasoline: +500Ke
[10:14] {Threei} Distillate: -1.7Me
[10:14] {Les} ty. risky given your pull back outlook, but when that didn't materialise I took the risk
[10:15] {Threei} if sdtays under .80 fern
[10:15] {fernp} ok
[10:15] {Threei} that's sound approach les
[10:15] {Threei} one direction is invalidated, fading it is valid in many cases
[10:15] {Les} cool
[10:16] {Threei} AIG
[10:16] {Les} FCX red
[10:16] {Threei} very risky one, for experienced momo players, .60 long
[10:17] {_jfjf64} 27.60 huge level yest
[10:17] {Threei} over 1:1
[10:17] {_jfjf64} grrrrrrrrrrrrr
[10:17] {Les} closed stec .35. pullback time
[10:18] {Threei} 1:2
[10:18] {Threei} out
[10:18] {Threei} adrenalin play
[10:18] {fernp} AA short .10, Vad?
[10:18] {nemo} dino, ask magoo if he played it
[10:19] {dino} not here, mr snowplow
[10:19] {Threei} not sure fern
[10:19] {_jfjf64} gj i was late to dance grrrrrrrrrrrrrr
[10:19] {nemo} sung to the tune of "Mr. Postman"
[10:19] {fernp} ty
[10:19] {Threei} that was pure magooski play
[10:19] {dino} lol
[10:19] {Threei} you are out of shape jf
[10:20] {Threei} will take couple weeks
[10:20] {nemo} I think I' automatically get a restraining order if Magoo were my postman
[10:20] {_jfjf64} yes
[10:20] {Threei} VPHM - grrr
[10:20] {Les} can you get restraining orders against your postman?
[10:20] {nemo} why not?
[10:20] {Threei} spotted it on 11 break and didn't have faith
[10:21] {Les} s SLW .62 play on FCX dropping
[10:22] {Les} stop .75. yesterday's close, 200 & 50 dog pile
[10:24] {Threei} wow AIG
[10:25] {dino} swm sm l .55
[10:25] {Threei} I tend to underestimate this animal lately
[10:25] {nemo} it came back in play last week
[10:25] {ese} L brcm .27
[10:25] {dino} veco
[10:27] {ese} out 1/2 .34 balance to break even
[10:27] {_jfjf64} nice wk ese
[10:28] {ese} tks
[10:28] {Threei} and what amazes me, he is not even a little bit ashamed
[10:29] {Les} vphm pullback play?
[10:29] {ese} i'm trying to get into your method vad of selling 1/2 letting other 1/2 ride
[10:29] {Threei} can't tell Les
[10:29] {Threei} it has no rythm
[10:29] {ese} and just fooooogetabouuudit!
[10:30] {Les} ok
[10:30] {Threei} you may have picked nopt the best time for that ese
[10:30] {Threei} that routine is great for trending markets
[10:30] {Threei} but we have chop chop right now
[10:30] {Threei} DOE CRUDE: +3.03M V +2ME; GASOLINE: -895K V +500KE; DISTILLATE: -590K V -1.7ME; UTILIZATION: 81.17% V 80%E
[10:30] {Threei} - Distillate demand -125K bpd to 3.66M bpd
[10:30] {Threei} - Gasoline demand +540K bpd at 9.06M bpd
[10:30] {Threei} ...more... (related USO OIH )
[10:30] {ese} hmmmmmmmm
[10:31] {ese} ok tks
[10:31] {ese} and as we speak....just stoped even on remaining 1/2
[10:33] {Les} fcx
[10:33] {Les} sorry
[10:35] {_jfjf64} adsk any read
[10:36] {Threei} breask worth a try
[10:36] {Threei} break
[10:36] {Threei} half lot
[10:37] {Les} AIG
[10:41] {_jfjf64} db sqnm
[10:41] {Threei} SEC's Casey: Will vote 'no' in the upcoming proposed short sale rule vote
[10:41] {Threei} - Note: some recommended aspects of the proposals include restrictions on short sales of a stock once it falls 10% from previous day close; then short sellers could only perform shor t sales for stock price above the best bid
[10:41] {Threei} - Reminder:earlier SEC Chairman Mary Shapiro said the new rule "strikes the right balance"; SEC's Paredes has reportedly expressed concerns; feels benefits do not outweigh costs
[10:43] {nemo} dollar down big
[10:43] {Les} and Congress will ignore SEC's recommendations. It's get tough for voters year
[10:43] {Threei} feel free to take scalp ADSK
[10:44] {Threei} 1:1
[10:44] {Threei} US) Fed's Bernanke: Not expecting any sovereign downgrade of US debt - congressional testimony
[10:44] {_jfjf64} ty
[10:45] {nemo} they didn't expect mortgages to blow up either
[10:45] {Threei} I hope we are not going to list everything they didn't expect... 'cause I don't have that much of my life left
[10:45] {nemo} spanish inquisition?
[10:46] {Threei} wow... wehat's this spike is about?
[10:47] {_jfjf64} ??
[10:47] {dino} where else is your money safer than us
[10:47] {Threei} - current budget path is not sustainable given CBO projections; bond markets could get worried and drive up rates.
[10:47] {dino} flight to safety right now
[10:47] {Threei} ummm.. Euro?
[10:47] {ese} nice move by brcm
[10:47] {dino} not the euro
[10:47] {Threei} US Senate approves $15B jobs package; now moves to House
[10:47] {Threei} - Vote: 70-28
[10:48] {nemo} hen why the $ down
[10:48] {dino} canada maybe but us is reserve currency
[10:48] {nemo} lipstick on a pig
[10:48] {Threei} that was very tongue in cheek, dino
[10:48] {dino} overall its up this year nemo., euro is crashing
[10:48] {Threei} as I stated not once, I don't think Euro will be around withion 10 years
[10:49] {dino} nor i
[10:49] {nemo} wow X!
[10:49] {Les} out AIG +.15
[10:49] {dino} gj
[10:49] {Les} yeh fcx and slw too. commodities rebound
[10:50] {ese} vad could you let know what you think about the 28.20 level for adsk
[10:50] {ese} long
[10:50] {ese} bumped off it 3x's already
[10:50] {Threei} totally market dependent ese
[10:51] {ese} tks
[10:51] {Threei} if market continues to climb, it will break
[10:51] {ese} nice aig les
[10:51] {Threei} 28 break I liked much more
[10:51] {nemo} so, we've more than retraced yesterday already...sheesh
[10:51] {Les} too many grey hairs playing with aig ese. won't do it again
[10:51] {_jfjf64} .95 much more lokl
[10:52] {ese} l adsk .21
[10:53] {_jfjf64} yea ese
[10:54] {ese} out adks .28
[10:54] {ese} 5k like that works
[10:55] {Les} aah but if you want to eat well in Italy ese, you'll need that pocketmoney
[10:55] {dino} gj es
[10:55] {_jfjf64} lotofthat
[10:56] {dino} out hsii .33, +.98
[10:56] {Threei} ese mastered fine art of scalp type I to perfection
[10:56] {ese} ya true......bette take more risk
[10:56] {nemo} god bless ya' dino
[10:56] {Threei} dinio meanwhile continues hios indecent eays
[10:56] {Threei} ways
[10:56] {dino} you get it nemo?
[10:56] {nemo} not that thin a stock, thank you
[10:56] {_jfjf64} dino the monster
[10:57] {_jfjf64} gj
[10:57] {dino} i prefer, "dino the dog", lol
[10:57] {dino} thx\
[10:57] {nemo} dinosaur is more appropos
[10:58] {Threei} .short aig .30 break half lot
[10:58] {Threei} Short Setup: AIG .30 break half lot
[10:59] {dino} les, fwiw, that was a yesterday capit, that i left on watch screen for today.
[11:00] {Threei} stop above .40 for scalpers, .45 for day traders
[11:00] {Threei} PALM Strength attributed to rumor that PALM may be discussing partnership for tablet PC with a major partner
[11:00] {Threei} - Nokia and Intel rumored as potential partners
[11:01] {Threei} not much of strength in PALM
[11:02] {Threei} 1:1 AIG
[11:02] {Les} ty vad +.10 aig
[11:02] {Threei} Treasury's Geithner: need financial reform as quickly as possible to end uncertainty - House panel Q&A
[11:02] {Threei} - says the TARP has outlived its basic usefulness
[11:02] {_jfjf64} ty
[11:02] {Threei} welcome
[11:02] {Les} should have payed attention dino
[11:03] {Les} not the first time that I've seen your play rebound well from a pivot support
[11:03] {ese} speaking of dino the dog....thoughts to ponder "If a baby pig is a piglet? Is a baby bull a bullet"
[11:03] {dino} hmmmm
[11:03] {Les} jeez your band members gonna throw you off the bus with one liners like that
[11:03] {Threei} whose baby is bidet then?
[11:04] {nemo} market showing bull flags
[11:04] {nemo} aig might be long break .30
[11:04] {nemo} huge order
[11:04] {nemo} offer
[11:04] {Threei} SEC will reportedly vote 3-2 on short sale rules
[11:04] {Threei} imbeciles
[11:05] {nemo} so what...if a stock drops 10% then it kicks in, and you have to bid a penny higher
[11:05] {nemo} it's political show
[11:05] {Threei} offer
[11:05] {nemo} offer what
[11:05] {Threei} you will have to offer, not bid
[11:06] {Threei} you effectively lose the ability to hit the bid - you have to offer a penny above the existing bid
[11:06] {Les} talk about screwing the brokers around. they have to program that rule into their comps?
[11:06] {dino} i agree, with computer trading its a non-issue
[11:06] {Threei} Laser had that fior ages
[11:07] {Threei} back then when uptick rule was common
[11:07] {nemo} watching .30 level aig
[11:07] {Threei} you wanted to short something at let's say .20,
[11:07] {dino} cyber too, it did not matter, enter your order and it fills anyway
[11:07] {Threei} and were willing to chase down to .15,
[11:07] {Threei} you'd sent your sell order at .15
[11:08] {Threei} software seeing bid on downtick would have offered your shares at .21
[11:08] {Threei} and chased bid down to .15 as it downticked
[11:08] {Threei} filling you as soon as someone hit the offer
[11:09] {Les} ok. so not such a big deal then?
[11:09] {dino} it means nothing les w/millions trading. its political, we went after evil shorts
[11:10] {Threei} totally
[11:10] {Les} dog and pony is it
[11:10] {Threei} it means absolutely nothing, will fix nothing
[11:10] {dino} kangaroo court
[11:10] {nemo} it's just like the banking regulation, political show
[11:10] {Threei} total non-issue
[11:10] {dino} swm stopped -.32
[11:10] {Les} AIG .25 b/d?
[11:11] {Threei} no read
[11:12] {dino} lol bernie just said on banking standards, by years' end
[11:12] {dino} the do nothing obamination continues (glad for the do nothing part)
[11:14] {dino} clh
[11:15] {Les} aig coming back down
[11:15] {nemo} moving w/market...find high beta liquid stocks moving with the market
[11:16] {dino} dy? big miss, up
[11:17] {dino} break of .50 s imo
[11:18] {Les} vix isn't higher yet trades better today. what's the vol. vad?
[11:19] {Threei} Market Internals update at 10:30amET
[11:19] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 1.2:1.
[11:19] {Threei} - NASDAQ volume 485M shares, about 4% above its three-month average; advancers lead decliners by 1.3:1.
[11:19] {Threei} - VIX index +-1.1% to just over 21.00
[11:22] {dino} swm rinsed
[11:25] {Threei} BRCD Hearing takeover chatter circulating (5.53, +0.17, 3.17%)
[11:25] {Threei} Toshiba rumored as a potential acquirer
[11:26] {fernp} ,05 break long, FAZ, Vad?
[11:26] {Threei} probably
[11:26] {Threei} 51/49
[11:26] {nemo} faz looks weak to me fern
[11:26] {fernp} ok. ty
[11:29] {Threei} CROX
[11:30] {Threei} Crocs, Inc. US Appeals court reverses ITC ruling against Crocs
[11:30] {Threei} - The Commission also determined that Crocs, Inc. (Crocs) had not satisfied the technical prong of the industry requirement under section 337 for the 789 patent. Because the Commission erred in finding that the prior art taught all of the claimed elements of the 858 patent and incorrectly weighed the secondary considerations, this court reverses the Commissions finding that the 858 patent would have been obvious. Because the Commission also erred in claim construction for the 789 patent, in applying the ordinary observer test for infringement, and in applying the technical prong of the section 337 domestic industry requirement, this court reverses the Commissions determination on the 789 patent.
[11:30] {Threei} Bloom Energy Debuts Advanced Fuel Cell (related FCEL HYGS )
[11:30] {nemo} big offer aig .15
[11:31] {nemo} gone
[11:37] {Threei} CH) US imposes preliminary duty of 12% on Chinese steel pipe
[11:40] {dino} and it starts
[11:41] {nemo} started a while ago...didn't we jack up tariffs on something, then they whacked our chickens, now this
[11:43] {dino} y
[11:44] {larisa} yeah, it was russian steel :)
[11:45] {Threei} lol
[11:48] {dino} lol whacked our chickens
[11:49] {dino} sopranos called in
[11:49] {nemo} thank go they didn't choke them
06[11:50] * Threei slaps nemo around a bit with a large headless deep fried chicken
[11:50] {dino} beer can chicken pretty good
[11:50] {nemo} ?
[11:50] {Threei} one of my favs
[11:51] {nemo} wfmi at end of triangle
[11:51] {dino} go to walmart grill section nemo, little metal beer can holder
[11:51] {Threei} then go to BBQ secvtion, buy bbq
[11:52] {Threei} although I used to make it in oven too
[11:52] {Threei} no smokey flavor, but still pretty good
[11:52] {dino} clh sm l .50
[11:53] {dino} i use oven and outside grill
[11:53] {dino} makes a good chicken, as aurther would say
[11:54] {nemo} may be interesting only to me...
[11:54] {nemo} fas in coma, but rising trendline currently at 73.50
[11:54] {dino} out 09, clh, +.59
[11:55] {Threei} wtg
[11:55] {Threei} don't rely on that much nemo
[11:55] {dino} quicky
[11:55] {Threei} we are in that pattern,
[11:55] {Threei} morning spike, activity everywhere, then stall
[11:55] {dino} dy sm s .49
[11:55] {Threei} market is frozen
[11:55] {dino} bstop .72
[11:55] {Threei} whatever you got in the morning is yopurs, the rest is 50/50
[11:56] {Threei} stops galore
[11:56] {Threei} either wait for a news stock, or for something returning market back to life
[11:56] {Threei} otherwise normal setups are whipsaws
[11:58] {Threei} (EU) ECB's Weber: IMF's suggestion that ECB raise its inflation targer is very dangerous - interview
[11:59] {Threei} IMF: as if we give a sneeze
[11:59] {Threei} so, what have we... 1 stop, right?
[12:00] {Threei} and something like 3-5 wins?
[12:00] {Threei} I kind of lost track today, this market threatening to fall in coma any second sends me in coma
[12:14] {dino} zzzzzzzzzzzzzzz
[12:16] {Threei} I'll second that
[12:17] {nemo} aig sneaking back up
[12:17] {Threei} STEC too
[12:18] {dino} dy bstop to b/e
[12:18] {dino} hrb l .85
[12:22] {dino} dy cov b/e
[12:25] {Threei} MOD Strength attributed to the release of Bloom Energy's fuel cell device today
[12:25] {Threei} - Note that Modine has a licensing arrangement with Bloom Energy for various fuel cell technologies.
[12:25] {Threei} - Bloom's fuel cell tech, which proported to cut energy consumption by as much as 50%, was featured on a broadcast of "60 Minutes" last Sunday.
[12:26] {Les} crap I go out for a drink and I don't come back to big profits
[12:26] {dino} crazy
[12:27] {Les} SLW hasn't resolved itself
[12:28] {Les} very rude to refuse an aperitif in Switzerland...
[12:29] {dino} dltr another leg up
[12:31] {larisa} i wonder if you can trade better after bottle of vodka.. vad can you try and tell us ?
[12:31] {Threei} how do you think I trade all this time?
[12:32] {Threei} [HYGS] Awarded Contract for UNIDO Fuel Cell Powered Boat
[12:32] {larisa} ok, then you need to stop drinking and see if results will be different :)
[12:32] {Threei} - awarded a contract to supply the United Nations Industrial Development Organization (UNIDO) with six HyPMHD8 fuel cell power modules for a boat project coordinated by the International Centre for Hydrogen Energy Technologies (ICHET) in Istanbul, Turkey. Hydrogenics will also supply carbon composite hydrogen storage tanks and components, other auxiliaries and spare parts for two years of operation to ICHET, which is overseeing the integration.
[12:32] {Threei} - This contract follows on the award in 2009 of four HyPMHD12 fuel cell power modules for a passenger boat application ordered by the engineering organization BELBIM A.S. for Istanbul's Municipal Transit Authority, in which UNIDO-ICHET participated as a hydrogen and fuel cell consultant.
[12:32] {Threei} OK... stopping
[12:34] {Threei} Preview: (US) Treasury's $42B 5-year note auction results due just after 1PM ET
[12:34] {Threei} - $42B auction size unchanged from Jan auction.
[12:34] {Threei} - prior bid-to-cover ratio 2.80 with an average of 2.48 over the last 10 auctions.
[12:34] {Threei} - indirect bidders took 53% of competitive bids at last auction with 45.09% allotted at the high.
[12:34] {Threei} - When Issued notes currently yield 2.37% which is roughly 4 basis points higher than the cash market.
[12:36] {dino} watching clh again
[12:36] {dino} dy, too tight on it
[12:39] {dino} cfi into support
[12:44] {dino} giddy-up
[12:45] {dino} cfi sm l .60
[12:46] {Les} ditto here
[12:46] {dino} stop is .37
[12:46] {Les} stop .50
[12:47] {dino} size
[12:47] {dino} ?
[12:47] {Les} very small
[12:47] {dino} why so tight then?
[12:47] {Les} yours? :)
[12:48] {dino} oh brother
[12:48] {Les} cause I'm only willing to hold this latest support levels.
[12:49] {Threei} Fed's Bernanke: Volcker rule could be 'appropriate' under certain circumstances
[12:49] {Threei} - notes the appropriateness of the Volcker rule would occur if there is no prevention of appropriate hedging that cuts risk or impacts liquidity improvements from market making
[12:49] {dino} not going to happen
[12:53] {dino} cfi 1:1 for you les
[12:53] {dino} over
[12:53] {Les} got a fill in at .80
[12:54] {Les} finally, slw breaking down
[12:56] {dino} hsii giving back
[13:00] {Les} stopped cfi
[13:00] {nemo} and then some
[13:01] {Les} that was a little under my stop yes. -20
[13:01] {nemo} drinking slow your reflexes?
[13:02] {Threei} - indirect bidders take 40.3% of competitive bids with 32.83% allotted at the high
[13:02] {Threei} (US) President Obama: US must borrow less, produce more; pay limits should end when bailouts are repaid
[13:02] {Threei} this is wise
[13:02] {Threei} borrow less, produce more
[13:02] {Threei} I am impressed
[13:03] {dino} guess who's on tv
[13:03] {Threei} Fed Chairman Bernanke: Possibility USD could decline if markets lost faith in US fiscal policy, does not see this outcome as very likely
[13:03] {Les} Jean Seberg
[13:03] {nemo} Catherine McCormack
[13:03] {Threei} what is it today, talking stick moves with triple speed?
[13:03] {dino} and mkt drops
[13:03] {dino} cfi stopped
[13:04] {Les} William Wallace
[13:04] {Threei} my favorite part:
[13:04] {dino} guy is the grim reaper to stocks
[13:04] {Threei} IF markets lost faith in US fiscal policy
[13:04] {Threei} IF!
[13:05] {dino} music on, cnbc always on mute
[13:05] {Threei} - Goal is not to punish Wall Street.
[13:05] {Threei} - more crises may occur without a financial overhaul
[13:05] {Threei} you don't say
[13:05] {Threei} keep Fed in charge, and crises will never end
[13:05] {ese} .
[13:06] {Threei} but fear not:
[13:06] {Threei} SNE US Playstation Exec: confident can meet PS3 sales goal of 13M units this year
[13:06] {Threei} there
[13:06] {Threei} {--- going to buy me a playstation
[13:06] {Les} cheap bastards like me that don't want to pay $400. I'll wait one more year
[13:06] {Threei} me be happy
[13:06] {Threei} what, me worry?
[13:06] {Les} PS2 works just fine
[13:07] {Les} you're just a big kid with toys vad
[13:07] {Les} new car
[13:07] {Les} new playstation
[13:07] {Les} what a life :)
[13:07] {Threei} he who dies with most toys, has most fun before dying
[13:08] {Threei} on second though will skip on PS
[13:09] {nemo} Alfred E. Neuman
[13:09] {Threei} not too hot about tv games... and my toy budget is pretty much exhausted, between new camera, two lenses and car
[13:10] {dino} poor guy
[13:11] {nemo} so...vad...we gonna' have to click the "short" box in LII when they implement that rule?
[13:11] {Threei} nah
[13:11] {Threei} just send sell order
[13:11] {Threei} well, that's how it worked before at least
[13:11] {Threei}
[13:12] {dino} only kicks in on a 10% drop, and again, doesn't matter computers will handle it
[13:12] {Threei} yup
[13:13] {Threei} complete non-issue
[13:14] {dino} my advice to you nemo, drink heavily, ans just put your order where you want
[13:21] {dino} out hrb .08, +.23
[13:29] {_jfjf64} did i miss anythin
[13:29] {Threei} yes
[13:29] {Threei} neno snorring
[13:29] {Threei} nemo
[13:29] {_jfjf64} lol
[13:29] {Threei} I am telling you, man... this is Carnegi hall worthy performance
[13:30] {_jfjf64} that good
[13:30] {Threei} accompanying whistle is true art
[13:30] {Threei} and thast funger-drumming on the desk...
[13:32] {ese} L brcm .78 bit of an agressive entry on a pullback anticipating a break of .80with market help
[13:32] {ese} whoops.....oh oh...moved the other way
[13:34] {ese} i've never tried funger drumming to be honest
[13:34] {Threei} you should
[13:34] {ese} i usually play so fast that stuff can't grow on my fingers
[13:40] {nemo} AWIAV?
[13:40] {nemo} I fell asleep
[13:41] {Threei} we know
[13:41] {Threei} we heard
[13:42] {nemo} I have to go out'll be a late one
[13:43] {dino} swm
[13:43] {Les} so you'll be in a great sense of humour tomorrow will you?
[13:43] {nemo} well...might not be here
[13:44] {dino} have fun nemo
[13:44] {Les} oh...
[13:44] {nemo} we're suppose to get a snow storm with hurricane force winds
[13:44] {Les} that's ok
[13:44] {dino} swm sm l .00
[13:44] {nemo} might not have power
[13:44] {Les} so you won't have internet
[13:44] {dino} same here nemo, i'll pass it along to you
[13:44] {nemo} I see you're quite adept at deductive reasoning
[13:44] {Les} you don't keep a generator?
[13:45] {nemo} it would be irrelevant if the lines are down, which is likely to happen...are's aren't buried underground
[13:45] {nemo} ours
[13:45] {Les} you've got heat though?
[13:45] {dino} lol les, i've had one for 15 yrs never had to use it, but my neighbors power goes out every other month, different line
[13:46] {nemo} probably won't have that either
[13:46] {Les} sucks to be you
[13:46] {nemo} Knowing you makes me feel better about myself
[13:46] {larisa} lol
[13:46] {Les} touché
[13:47] {nemo} ty
[13:47] {Threei} good to see room overcome with gentliness
[13:47] {nemo} ?
[13:47] {nemo} did you mean gentleness? gentility? gentlemen like behavior?
[13:47] {dino} darn dy would've worked nicely
[13:48] {Threei} nemo, you are making me think - and I rarely if ever forgive that
[13:49] {nemo} oh oh...
[13:49] {Threei} Toyota Motor Corp Certain Toyota suppliers raided by FBI yesterday - WSJ (update)
[13:49] {Threei} - Companies in question are Yazaki, Denso International, and Tokai Rika.
[13:49] {Threei} - FBI notes affidavits are sealed, will not confirm reason for raids.
[13:49] {Threei} sheesh
[13:49] {nemo} what's gm stock doing?
[13:49] {patience} going from bad to worse
[13:49] {nemo} is there gm stock?
[13:50] {dino} .69
[13:50] {Threei} they are determined toi drive Toyota out of country or what?
[13:50] {dino} down almost 10% today
[13:50] {dino} opps that must be old
[13:51] {Threei} they changed after bankruptsy to somehing unprononcialble
[13:51] {Threei} like GMMQQ or something similar
[13:52] {Threei} there
[13:52] {Threei} GMGMQ
[13:52] {Threei} lol
[13:52] {nemo} What's that in Roman Numerals?
[13:53] {dino} zero
[13:53] {nemo} I see that smirk dino
[13:53] {Threei} it's not normal publickly traded stock
[13:56] {dino} watching cfi, clh again
[13:56] {Les} cfi
[14:07] {fernp} ETP 46.10 break, Vad?
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 560M shares, about 9% below its three-month average; advancers lead decliners by 2.9:1.
[14:07] {Threei} - NASDAQ volume 1.34B shares, about 1% below its three-month average; advancers lead decliners by 1.8:1.
[14:07] {Threei} - VIX index -4% to just under 20.50
[14:07] {Threei} nah
[14:07] {fernp} ok
[14:07] {Threei} slow and narrow
[14:08] {fernp} and MJN short if loses 46?
[14:08] {Threei} may work, may not - roll a dice
[14:08] {Threei} hmmm
[14:08] {Threei} MJN is a bit more interesting
[14:08] {fernp} ty ty
[14:09] {_jfjf64} dltr im not in shape yet vad
[14:12] {dino} zzzzzzzzz
[14:13] {dino} nemo, clh?
[14:13] {Les} xnpt
[14:14] {ese} outta here all.catch you stopped out of brcm -.03
[14:14] {Les} ciao
[14:14] {dino} cya
[14:14] {Threei} take care ese
[14:14] {_jfjf64} later
[14:14] {fernp} bye ese
[14:15] {Les} ntes refuses to give up
[14:15] {dino} missed clh
[14:15] {Les} cab
[14:15] {Les} sorry
[14:16] {nemo} sorry was looking at something
[14:18] {nemo} nothing for me to get excited about yet dino, no volume on these rises to trend
[14:20] {Les} both TM and AIG strong. some program an algorithm to make pigs fly?
[14:20] {nemo} as soon as I open my mouth...or type, as the case may be
[14:20] {dino} went 35 cents
[14:20] {dino} my bad, hesistated
[14:20] {nemo} volume just came in, but it's right on the trend line
[14:21] {dino} in the 20s
[14:21] {Threei} you think computers know pigs from high quality stocks Les?
[14:21] {nemo} you talking clh?
[14:22] {nemo} yeah, I would like to see a higher low, or consolidation here
[14:22] {dino} i like it in the .20s
[14:22] {Les} my computer can tell me from my wife...
[14:22] {Les} :P
[14:22] {nemo} maybe, a pullback to around .40 would be...oh forget it
[14:24] {Les} s esi .79 stop 106
[14:26] {nemo} quite the volume on clh
[14:28] {nemo} there a local company no less
[14:28] {nemo} started during the Boston Harbor Cleanup 20 years ago
[14:28] {dino} big miss
[14:29] {nemo} yeah, reading it ow
[14:29] {dino} and missed my entry
[14:29] {dino} so big x two
[14:31] {dino} out wcg .00, +.25
[14:31] {dino} contra hour drop
[14:31] {nemo} what size would you have taken on clh?
[14:32] {dino} 300,
[14:32] {dino} too jumpy
[14:32] {Threei} GM Reportedly plans to wind down Hummer operations after Chinese firm drops plans to buy the unit
[14:32] {Threei} what, no more Hummers? oh no
[14:32] {Les} bummer
[14:32] {Threei} I really wanted kittle green car
[14:33] {Threei} to drive to nearest bakery
[14:33] {Les} Schwazeneger can take it private
[14:36] {Threei} HHS Secretary calls meeting with CEOs of health insurers including WLP, UNH, and AET
[14:36] {Threei} some kind of behind the curtain negotiations about healkth care bill I guess
[14:36] {dino} swm stopped -.30
[14:39] {fernp} GILD, Vad. any read?
[14:39] {dino} swm fast drop
[14:39] {Les} gild
[14:40] {Les} sorry pc gone slow on me. mouse not moving to the right window
[14:41] {_jfjf64} aig
[14:41] {Threei} not really fern
[14:41] {fernp} ok
[14:42] {Les} esi stopped
[14:51] {Les} out slw +.10
[14:52] {dino} gj
[14:52] {Les} ty. rather underwhelming, waiting half a day for .10
[14:53] {Les} fcx
[14:54] {dino} all i see on cfi is downgrade
[14:56] {dino} sm l .12
[14:59] {Les} MS .75 b/d Vad?
[15:00] {Threei} probably
[15:01] {Les} ok ty
[15:07] {Threei} wss thinkiong of .93 entry on XNPT with big shares for a scalp
[15:07] {Threei} then d\ecided it was asking for a stop
[15:08] {_jfjf64} ccl vad ya lk
[15:08] {Threei} not really
[15:19] {dino} voooooddddddkkkkkkkkkaaaaaaaaa martini on my mind
[15:19] {Threei} lol
[15:20] {_jfjf64} stoli
[15:20] {Threei} rum and coke would probably do too, no?
[15:20] {dino} made a seagrams citrus one other night, tasty
[15:20] {nemo} ketel 1
[15:20] {dino} nice
[15:20] {Threei} jf, kidding? there is much better stuff than that
[15:20] {larisa} carrot juice
[15:21] {Threei} yeah, that
[15:21] {nemo} never had vodka and carrot juice
[15:21] {dino} i do have an unopened grey goose
[15:21] {nemo} What's your address?
[15:21] {Threei} grey goose, great but pricey...
[15:21] {dino} i like stoli jf
[15:21] {_jfjf64} comon vad ya a stoli guy
[15:21] {Threei} if you can find Iceberg where you live, very close quality
[15:21] {Threei} am not
[15:22] {Threei} Iceberg... Finlandia... Russian Standard if you want more authentic russdian taste
[15:22] {_jfjf64} me too dino one in my freezer as we speak lk it with lemon
[15:22] {Threei} with this bready shade
[15:22] {dino} iceberg huh, i'll look for it
[15:22] {nemo} I'll just add gasoline to the bottle
[15:22] {dino} ahhh jf
[15:22] {Threei} you'll be very impressed dino
[15:23] {dino} not hard to do w/me and booze
[15:23] {Threei}
[15:23] {dino} as long as its cold
[15:23] {_jfjf64} german made
[15:23] {Threei} In 1998, the Beverage Tasting Institute gave Iceberg a 'superlative' score of 94 out of 100, ranking it second behind the acclaimed Grey Goose in a blind taste test of the world's best vodkas\
[15:24] {_jfjf64} hmm
[15:24] {_jfjf64} russian
[15:24] {Threei} canadian
[15:25] {Threei} produced using water from icebergs harvested off the coast of Newfoundland
[15:25] {_jfjf64} stop
[15:25] {nemo} great, probably got Mastodon dung in it
[15:25] {dino} lol
[15:25] {Threei} yeah but it's fresh
[15:25] {_jfjf64} made from dino freezer
[15:26] {Les} I thought you would know Grasovka Vad, but I didn't realise it was German
[15:26] {_jfjf64} lol
[15:26] {Les} thought it was polish
[15:26] {Threei} and, following your logic... I would know Polish vodkas why?
[15:27] {nemo} aussies and poles...genetic cousins
[15:27] {Les} you were successful businessman in Ukraine?
[15:27] {Threei} I was born there
[15:28] {dino} bidness
[15:28] {Les} only russian vodka for sale?
[15:28] {Threei} you do realize Ukraine and Poland are different countries, right? :)
[15:28] {larisa} lol
[15:28] {Threei} and Ukrtaine is way closer with Russia than with Poland
[15:28] {_jfjf64} lol
[15:28] {Les} yeh yeh. I drink single malt whisky
[15:29] {Les} tasted Australian whisky
[15:29] {Les} scott
[15:29] {_jfjf64} i lk that too
[15:29] {Les} swiss
[15:29] {dino} and that we all are genetic cousins
[15:29] {Threei} with hard liquor occupying topic, let's go long CEDC?
[15:29] {Les} haven't heard of any north american single malts. I'm sure someone's making it somewhere
[15:29] {dino} good point
[15:30] {larisa} Scotland and Switzerland are 2 different countries too??
[15:30] {Threei} more than that Larisa, and this may come as a shoch:
[15:30] {Les} ca suffit larisa!
[15:31] {_jfjf64} im out of here my friends good day
[15:31] {dino} cya jf
[15:31] {Les} bye
[15:31] {Threei} I always thought Karl Marx and Freidrich Engels were husband and wife,... and olny recently found out they were 4 brothers
[15:31] {Threei} take care jf
[15:31] {Les} I thought you were a joke nazi Vad?
[15:31] {Threei} someone's yes
[15:31] {Threei} but not my own
[15:32] {dino} cpla
[15:33] {Threei} too bad I skipped than XNPT entry... was a good one
[15:34] {Les} well, know what to bring to Bahamas one of these years... POLISH vodka
[15:36] {Threei} look at CEDC reacting on ypour decision
[15:36] {Les} c
[15:36] {Les} had enough of this computer. night all.
[15:37] {dino} ugh clh
[15:37] {Threei} take carwe Les
[15:37] {billyc} gn les
[15:37] {dino} cya les
[15:37] {fernp} bye ese
[15:37] {fernp} les
[15:38] {larisa} TSL not going to reverse today it looks like
[15:41] {fernp} Good evening everybody. See you all tomorrow
[15:41] {Threei} take care fern
[15:41] {billyc} gn fern
[15:42] {dino} cya
[15:47] {Threei} Shamu in Orlando Seaworld killed a trainer
[15:47] {nemo} shit happens
[15:47] {Threei} happened here in Victoria... we had our own little seaworld
[15:47] {Threei} closed after similar accident
[15:48] {nemo} funny...reminds me of a baby's bib I saw "Spit Happens"
[15:50] {Threei} strange... TV says Orlando, but visual is San Diego
[15:52] {Threei} unless they are totally identical
[15:52] {lasertrev} i know shamu is in SD, unless more than one whale has the same name
[15:54] {lasertrev} thats like having a fish and a man called nemo
[15:54] {nemo} fas interesting pattern since 2:40 looks like a few attempts to slam stops
[15:55] {Threei} Shamu is the stage name of SeaWorld's iconic Orca (killer whale) show, which is shared by numerous adult male or female orcas at the SeaWorld parks.
[15:55] {nemo} mmmmhhhhhh?
[15:55] {nemo} wish I had a wise ass comment
[15:55] {Threei} you don't???
[15:55] {Threei} that's a first
[15:56] {Threei} where is nemo we came to know and , ummm
[15:56] {Threei} know
[15:56] {nemo} fear?
[15:56] {nemo} wow clh
[15:56] {dino} yeah, i see it
[15:57] {Threei} hearings on TM start sound ugly
[15:58] {dino} tm hod
[15:59] {dino} out cfi -.10
[15:59] {Threei} wow... anyone's watching this?
[16:00] {dino} stupid on cfi, had .32 on it
[16:00] {larisa} I was looking at it at .40 and thinking of you :)
[16:01] {billyc} gn everyone
[16:01] {Threei} okay guys, thank you all
[16:01] {Threei} have a good evening
[16:01] {larisa} bye all :)
[16:01] {Threei} see you tonmorrow
[16:01] {dino} should have yelled sell larisa
[16:02] {dino} gn all
[16:02] {nemo} cya
[16:02] {dino} esrx rockin'
[16:04] {Threei} ESRX Reports Q4 $0.97 v $0.90e, R$8.2B v $7.4Be
[16:04] {Threei} - Guides FY10 EPS $4.80-5.00 v $4.69e
[16:04] {Threei} AMSG Reports Q4 $0.42 v $0.42e, R$168.6M v $169Me
[16:04] {Threei} - Guides Q1 $0.41-0.43 v $0.44e
[16:04] {Threei} - Guides FY10 $1.77-1.80 v $1.81e, R$720-750M v $728Me
[16:05] {lasertrev} nemo dcc
[16:05] {Threei} TQNT
[16:06] {Threei} Triquint Semiconductor Inc Reports Q4 $0.14 v $0.13e, R$193.3M v $188Me

Tuesday, February 23, 2010

Feb 23 2010

Day started with nice TM short for 40 cents profit (which was in retrospect worth much more, dropped over a dollar). Then a few smallish stops ate into profit, leaving day closer to flat. Narrow range for the whole day starting from 10:30 or so hasn't left much room for plays.

Session Time: Tue Feb 23 00:00:00 2010

[08:19] {Threei} Senator Dodd may not release financial regulation this week -CNBC
[08:20] {Threei} I don't know how I am going to survive this week then
[08:20] {nemo} vodka
[08:20] {Threei} the only even if lsight chancer
[08:20] {nemo} ?
[08:20] {Threei} slight
[08:22] {Threei} **Note: On Feb 18th - (US) Aide to Senator Dodd Aide confirms intent to release financial reform overhaul bill next week
[08:22] {Threei} - Follow up: Banking committee members reportedly are evaluating removing ban on prop trading from the Volcker rule - unconfirmed report
[08:22] {Threei} **Also reminder: On 2/11 (US) Senators Dodd (D) and Corker (R) have agree to shelve Consumer Protection Agency legislation. The two Senators were working together on a bipartisan financial reform bill. CNBC now reports that part of that agreement was to shelve the CPA portion of the bill and address it after the rest of the bipartisan bill is crafted.
[08:22] {Threei} CNBC reporters speculate that this strategy is meant to attract moderate Republicans to vote for the reform bill.
[08:40] {fernp} Good morning everybody
[08:41] {Threei} fern :)
[08:44] {Threei} (EU) EU's Barroso: Should not compare EU deficits among members; All EU countries are moving towrads reducing deficits
[08:44] {Threei} lol
[08:47] {Les} so Dems and Reps agree to do nothing; Europe says nothing to it...hmmm
[08:47] {Les} morning :)
[08:47] {Threei} Les :)
[08:53] {Threei} Tuesday, February 23, 2010 8:41:54 AM
[08:53] {Threei} Preview: Q4 and Dec S&P/CaseShiller Home Price Index expected out at 09:00 ET
[08:53] {Threei} - Dec Composite-20 Y/Y: -3.1%e v -5.3% prior; Home Price Index: 146.3e v 146.3 prior
[09:00] {Threei} *(US) DEC SP/CASESHILLER-20 Y/Y: -3.1% V -3.1%E;
[09:00] {Threei} HOME PRICE INDEX: 136.31 V 146.3E
[09:00] {nemo} prices are up 10% yoy in Boston
[09:01] {Threei} JNPR Announces New Common Stock Repurchase Authorization of up to $1 Billion (27.21, 0.00, 0.00%)
[09:03] {Les} anything on your watch list Vad?
[09:04] {Threei} the usual
[09:09] {billyc} gm everyone
[09:09] {Threei} billy :)
[09:09] {strider} morning all.
[09:09] {Les} hey billy, strider
[09:09] {Threei} strider :)
[09:10] {nemo} haroo
[09:10] {strider} nemo, vad:)
[09:13] {Threei} US) Treasury spokesman: US Treasury remains committed to the Volcker rule
[09:14] {strider} TM seems to be shortable today on NAS
[09:14] {Threei} yes
[09:14] {_jfjf64} mornin all
[09:15] {Threei} jf :)
[09:15] {nemo} slb got premarket mojo
[09:16] {ese} morning
[09:16] {Threei} ese :)
[09:19] {lasertrev} gm
[09:19] {Threei} trev :)
[09:19] {nemo} lt
[09:19] {Threei} regarding TM, I still think this one has a lot of downside, and its troubles are very far from over,
[09:20] {Threei} but shorting roght into all these congress testimonials seems a bit too obvious
[09:21] {Les} X holding under 53. might be b/o candidate at opening
[09:22] {strider} might be a play in PALM today.
[09:23] {Les} XNPT had nice range yesterday.
[09:24] {dino} gm all
[09:24] {Threei} dino :)
[09:24] {nemo} dino you missed slb yesterday
[09:24] {nemo} you're kinda' action
[09:24] {Les} hey hey. we needed your extreme trading setups yesterday
[09:25] {larisa} gm all :)
[09:25] {Threei} larisa :)
[09:26] {larisa} vad :)
[09:26] {nemo} Mmmmhhhhh...both Dino and Lari off yesterday....veeeerrrry interesting
[09:27] {larisa} sigh
[09:28] {dino} daughter was sick, no school
[09:28] {nemo} X sitting on pre market lows
[09:28] {dino} she's in office w/me today. brb
[09:28] {Les} thats what makes trading great - flexibility
[09:29] {Threei} Inc BGC reiterates Sell rating, with "3 reasons to sell"
[09:29] {Threei} - Firm believes WMTs acquisition of Vudu is another indicator that WMT is ramping up its digital and ecommerce efforts. Firm notes that WMT created a new group in January called to oversee its entire ecommerce business including strategy and platforms. Firm expects these moves could increase competition and pricing for AMZN. Firm also points out that AMZN may increasingly seek to pursue dilutive acquisition including the possibility of acquiring NFLX.
[09:30] {Threei} PAKM sharp selling
[09:30] {Threei} PALM
[09:32] {ese} expd L .80
[09:32] {Threei} Short Setup: TM .60 break half lot
[09:33] {ese} out .92
[09:33] {ese} +.12
[09:33] {Threei} if stays under .75
[09:33] {_jfjf64} nice ese
[09:33] {ese} tks....quick
[09:33] {Threei} PALM
[09:33] {Threei} double bottom
[09:34] {Threei} .40 break long
[09:34] {Threei} if stays above .30
[09:34] {nemo} indices probably gonna pull back in a few cents
[09:35] {nemo} that was quick
[09:36] {Les} .30 b/d?
[09:36] {Threei} nah
[09:36] {Threei} just invalidation of long
[09:38] {Threei} RDN momo
[09:38] {nemo} big order .30 palm
[09:38] {Les} s xnpt .69
[09:38] {nemo} indices crapping out
[09:39] {Les} out +.09
[09:39] {nemo} palm holding .30
[09:39] {dino} gj les
[09:40] {_jfjf64} gs
[09:40] {Les} preparing for another possible dead day. taking the money now
[09:40] {ese} any penny dabblers here.....peix
[09:40] {ese} pullback...opinions
[09:41] {Threei} worth a try ese
[09:41] {Threei} I'd prefer it under .30
[09:41] {ese} was just thinkin that
[09:41] {ese} me also
[09:42] {ese} last support yesterday 2:30ish .30
[09:42] {Threei} US) Preview: Feb Consumer Confidence due out at 10:00ET
[09:42] {Threei} **consensus expectation: 55.0e v 55.9 prior
[09:42] {Threei} US) Preview: Feb Richmond Fed Manufacturing data expected at 10:00ET (15:00 GMT)
[09:42] {Threei} **consensus expectation: 2e v -2 prior
[09:44] {ese} it ain't gonna make it
[09:44] {Les} PALM if it breaks thru .41?
[09:44] {Threei} no
[09:45] {Threei} TM short reestablished
[09:45] {ese} peix....oh time
[09:47] {Threei} not a scalp
[09:48] {Les} s slb .29
[09:51] {Threei} TM is ready
[09:52] {nemo} missed
[09:52] {Les} slb stopped
[09:52] {dino} ipcm
[09:52] {ese} nice expd made it to 38....nice run
[09:55] {nemo} 70 should be resistance on rimm
[09:55] {dino} sm l .00, wide jumpy ipcm
[09:55] {Threei} 5 min till numbers
[09:55] {Threei} careful with new positions
[09:56] {nemo} figures, nice DT on RIMM...anyway
[09:56] {Threei} TM maybe forming new short setup
[09:56] {Threei} .50 break
[09:56] {nemo} this close to numbers :)
[09:57] {Threei} comment for the case when it triggers after
[09:58] {Threei} UAUA CFO: Have no data that shows that business travel recovery differs from other recessions (15.68, +0.15, 0.97%) (related LUV AMR )
[09:58] {dino} stop on ipcm is .64
[09:58] {nemo} I don't think the confidence number will have a big effect
[09:59] {nemo} unless it's radically away from estimates
[09:59] {dino} cbrl
[09:59] {Threei} - no revisions (related SPY SHY EUR/USD )
[10:00] {dino} dropping
[10:00] {Les} TM
[10:00] {Threei} *(US) FEB CONSUMER CONFIDENCE: 46.0 V 55.0E
[10:00] {nemo} that's radical
[10:00] {Les} nice
[10:00] {Threei} how about no effect
[10:00] {nemo} I said unless radically away from estimate, that's 20%
[10:01] {Threei} IMF: Fiscal tightening in emerging markets will probably need to begin sooner than first expectations
[10:01] {Threei} this porobably adds to selling pressure
[10:01] {nemo} kick myself for not taking rimmm short
[10:02] {ese} sreens are red
[10:02] {dino} they should just shut up, whats the point of talking about this
[10:02] {ese} screens
[10:03] {nemo} and TM just sits there
[10:03] {Les} looking for another short entry in slb. maybe bounce coming vad
[10:03] {Les} a bounce play?
[10:04] {nemo} aig bouncing, might come back to a short
[10:04] {Threei} (US) FDIC's Bair: More banks are reporting improved earnings, 1 in 5 banks showed a narrower loss in Q4 2009 (related XLF )
[10:04] {fernp} MELI ignoring market
[10:05] {Threei} COIN Signs Licensing Agreement with MassOrganics for New Manufacturing Facility (update) (1.06, +0.10, 10.44%)
[10:07] {dino} meli -2
[10:07] {dino} turning up tho fern
[10:08] {dino} ipcm .55 wall
[10:14] {Threei} Attention: COVER half TM
[10:14] {Threei} scalpers be happy
[10:14] {fernp} ty vad
[10:14] {Les} nice one thanks
[10:15] {strider} PALM
[10:16] {Les} looking at it strider. it respects 50 ma as resistance. and 50 ma descending fast
[10:16] {Threei} stop for the balance is b/e, TM
[10:17] {Threei} any trade under .25 and trail it to above .50
[10:18] {dino} watching pega
[10:20] {fernp} AXS salmon, Vad?
[10:20] {Threei} Short Setup: X half lot
[10:20] {Threei} 52.05 break
[10:21] {Threei} stop above .15
[10:22] {dino} meli drop
[10:23] {Threei} not sure about AXS fern
[10:23] {Threei} can be very volatile
[10:23] {nemo} stopped x
[10:23] {fernp} don't worry, took .50 break w/stop under .40
[10:24] {fernp} 1:1 is here
[10:24] {Threei} TM stop to above .50
[10:25] {dino} gj tm
[10:26] {Threei} ty
[10:26] {fernp} X no go
[10:29] {_jfjf64} vxx vad anythin
[10:30] {Threei} hmmm
[10:31] {Threei} I'd prefer to wasit and get a pullback on it
[10:31] {Threei} wait
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 240M shares, about 2% below its three-month average; decliners lead advancers by 6.4:1.
[10:32] {Threei} - NASDAQ volume 595 shares, about 18% above its three-month average; decliners lead advancers by 3.4:1.
[10:32] {Threei} - VIX index +5.75% to just over 21.00
[10:33] {Threei} Attention: TM cover 1/4 more
[10:33] {Threei} +.40
[10:34] {Threei} this is my trade of the day
[10:34] {dino} lets see if meli holds .70
[10:34] {Threei} stop to above .40
[10:34] {dino} wtfg vad
[10:34] {Threei} ty
[10:34] {_jfjf64} very nice
[10:34] {dino} are you ready for this?
[10:34] {Threei} rare case when conviction and diascipline are on the same side
[10:35] {Threei} let's have it dino
[10:35] {dino} just a second
[10:35] {dino} out ipcm .90, +.90
[10:36] {Les} obscene
[10:36] {dino} lol
[10:36] {Threei} ok... I thought I was ready... no, turns out I was not
[10:36] {Threei} lol
[10:36] {Threei} wtg
[10:36] {Les} :)
[10:36] {Les} nice score
[10:36] {dino} beauty
[10:36] {dino} want pullback under 31.50
[10:36] {_jfjf64} dino
[10:37] {_jfjf64} gj
[10:37] {fernp} wtg dino
[10:37] {dino} ty
[10:37] {_jfjf64} 3i vxx
[10:37] {dino} pega hold .00area well, as does meli around .90, higher lows
[10:37] {Threei} ok
[10:38] {Threei} VXX nice sharp pullback
[10:38] {Threei} probably one more leg comning
[10:38] {Threei} if not .80 break long
[10:39] {Threei} keep it half lomy preferred entry would be closer to .60
[10:39] {nemo} lot?
[10:39] {Threei} 10:39] {Threei} keep it half lot
[10:40] {nemo} came out "lomy" look at iscussions
[10:40] {nemo} discussions
[10:40] {nemo} [10:38] {&Threei} keep it half lomy preferred entry would be closer to .60
[10:41] {strider} stop?
[10:41] {Threei} under .70
[10:42] {ese} this is just not my type of trading day........only being remotely comfortable with shorting this type of day takes me out of the game
[10:44] {Threei} you better practice that shorting ese...
[10:44] {nemo} wfmi strong today up .54
[10:45] {dino} no pullback ipcm
[10:45] {ese} definitely
[10:46] {ese} i see the setups from your book vad......but for some reason or other i don't think that i can judge the momo correctly
[10:47] {nemo} funny, I see shorts easier than're just too optimistic by nature
06[10:47] * nemo slaps ese around a bit with a large dose of cold cruel reality (and nemo's sense of humor :))
[10:48] {ese} ya ...could be
[10:48] {dino} dead people here
[10:48] {nemo} Dino, you're like the rising sun with that line
[10:48] {nemo} I was waiting
[10:48] {dino} why thank you
[10:48] {nemo} consistence (hobgoblins of something...:))
[10:49] {Threei} Long Setup: VXX .57
[10:49] {Threei} stop under .50
[10:52] {_jfjf64} comon
[10:52] {Threei} come on VXX. market's dropping
[10:52] {nemo} that pile up at .56
[10:56] {Threei} sigh
[10:56] {ese} aaaaaaand....."the red red robin keeps bob bob bobbin along" yeahhhhhhh! have always hated that color......i think my trading screen knows that on days like this
[10:56] {strider} that's it for me today.
[10:56] {dino} wcg sm l .35
[10:56] {fernp} yeah!, sight
[10:56] {Threei} (US) Congressional committee members are reportedly looking at a narrower version of the Volcker rule (related XLF )
[10:56] {nemo} yep me too, maxed out
[10:57] {Les} me too
[10:57] {_jfjf64} grr
[10:57] {ese} i could be joining you st
[10:57] {ese} cya
[10:57] {_jfjf64} rat
[10:57] {fernp} i am still alive :-)
[10:58] {ese} goooooooo fern gooooooooooooooo!
[10:58] {dino} take care strider
[10:58] {dino} me too fern
[10:58] {fernp} lol ese
[10:58] {strider} see ya.
[10:58] {fernp} take care strider
[10:58] {Les} ciao
[10:59] {dino} dgw drop
[11:00] {dino} enoc sm l ave .18
[11:00] {Les} dino, you mind sharing your list?
[11:01] {dino} same as fri, plus palm, pega, ipcm, meli
[11:01] {Les} thanks
[11:01] {dino} np
[11:01] {dino} wcg takes out .50, could run
[11:01] {ese} everyone knows whats gonna happen today eh?
[11:01] {dino} night will come
[11:02] {Les} I will get drunk
[11:02] {ese} traders are bummed out.....decide that've had enough....leave.....and the market is going to have huge rally!
[11:02] {dino} chickened out meli, at .00
[11:03] {dino} will wait for another try
[11:03] {Les} airlines recovering will try uaua .35 break
[11:03] {dino} pega, ugh
[11:04] {ese} was onto that this morning dino....almost went long 34
[11:04] {dino} thats what i wanted, but too late
[11:04] {ese} it beat by kicking myself
[11:04] {ese} don't know what the hell i was thinkin
[11:05] {dino} random dance es, thats all, i understand
[11:05] {dino} it may re-test
[11:08] {Threei} MPEL Hearing takeover chatter circulating
[11:08] {Threei} - WYNN rumored as a potential acquirer (related WYNN )
[11:08] {nemo} wfmi steroidal salmon
[11:09] {dino} fcx lod
[11:09] {dino} 5 day low too
[11:10] {dino} clw range .00-.70ish, thin
[11:11] {dino} swm trades w/it
[11:12] {dino} apol, tlvt hold well on list les
[11:12] {Les} k
[11:13] {Les} i like fcx. make or break time here
[11:13] {Les} thinking long
[11:13] {dino} like irish spring
[11:13] {nemo} you have a unique sense of humor
[11:14] {dino} useless junk stuck in my head that i can't get rid of
[11:14] {nemo} definition of irish
[11:14] {Les} never useless. usually has importance to us
[11:14] {Les} lol nemo you are nasty
[11:14] {nemo} I'm half irish
[11:14] {dino} and he says that to a mc
[11:15] {nemo} purposely :)
[11:16] {dino} most likely not today, but gaps ndx 1779, s/p 1075 02/12
[11:17] {dino} netl drop
[11:17] {dino} scanners all red, more down imo
[11:22] {Les} out uaua +.08. scalp scalp scalp out of this hole
[11:22] {Threei} TM Rep Waxman: Ultimately the Toyota crisis will require legislation (72.20, -0.73, -1.00%)
[11:23] {nemo} oh jeez
[11:23] {Les} lol of course
[11:24] {dino} meli .05 sm l
[11:24] {nemo} wfmi, holding above .70 important level
[11:24] {dino} gj les
[11:24] {Les} thanks, gonna need a lot more than that. TM keeps dancing around lod
[11:26] {Threei} Short Setup: TM .20 break half lot
[11:26] {dino} ugh clw
[11:26] {Threei} Former Fed Chair Greenspan: Economic recovery has been very unbalanced
[11:27] {Threei} just shut up already
[11:27] {fernp} stop , Vad?
[11:27] {Threei} you said all you possibly could
[11:27] {Threei} for scalpers above .30
[11:27] {dino} ty 3i, my earlier point. they think they are rock stars or something
[11:27] {Les} haha more unbalanced than his normal economic theory?
[11:27] {Threei} for day traders, .40
[11:27] {fernp} ok ty
[11:27] {dino} clw just went nuts
[11:27] {dino} swm watch
[11:28] {dino} meli stopped -.30
[11:29] {dino} swm sm l .50
[11:30] {nemo} where's your stop dino
[11:31] {dino} .18
[11:36] {Les} fcx looking more like a short
[11:36] {nemo} careful on breakdowns going into lunch
[11:37] {Threei} out
[11:37] {dino} mkt going up
[11:37] {fernp} stopped TM
[11:37] {nemo} wfmi
[11:37] {_jfjf64} grr
[11:37] {nemo} sorry
[11:38] {dino} pega going to hold here es?
[11:38] {nemo} .82 strong resistance
[11:42] {fernp} IGT valid dbi, Vad?
[11:43] {Threei} only if market breaks down, and I don't see aything to indicate it
[11:43] {fernp} ty
[11:43] {Threei} rather feels like we are locked or slowly climbing from here
[11:44] {nemo} I wonder if bear flag
[11:48] {dino} fti sm l .20
[11:51] {_jfjf64} tm
[11:51] {dino} amsc back to may/june levels. strange stock
[11:52] {dino} rino holds
[11:52] {nemo} breakdowns breakouts are traps right now
[11:53] {Threei} TM is getting killed now
[11:53] {Threei} 72 won't hold IMO
[11:53] {Les} crap fcx too
[11:54] {Threei} TM Pres: Company growth may have been too fast; exceeded ability to develop people and company - congressional testimony text (72.05, -0.88, -1.21%)
[12:01] {Threei} rug is about ot get pulled from under TM
[12:02] {Threei} drop and snapback
[12:03] {_jfjf64} whos gonna win
[12:03] {dino} fti stopped -.31
[12:03] {Threei} I think sellers but it's not an easy battle
[12:03] {Threei} a lot of stops will be taken along the way
[12:03] {fernp} Trying QID long
[12:04] {nemo} It's down so much from the peak
[12:04] {_jfjf64} exatly
[12:06] {Threei} Market Internals update at 12:00pmET- NYSE volume 410M shares, about 6% below its three-month average; decliners lead advancers by 5.9:1.
[12:06] {Threei} - NASDAQ volume 1.02B shares, about 9% above its three-month average; decliners lead advancers by 3.4:1.
[12:06] {Threei} - VIX index +5.75% to just over 21.00
[12:07] {_jfjf64} sellers round 1
[12:12] {Les} fcx .84 b/d? sufficient consolidation?
[12:12] {nemo} you might want to see if this is a db first
[12:13] {Threei} I can't tell
[12:21] {fernp} 1:1 QID
[12:23] {Les} out fcx. maybe bounce time for q'w
[12:23] {Les} q's too
[12:28] {fernp} 1:2 QID out
[12:28] {Threei} wrg
[12:30] {Les} CAL .66 b/d?
[12:31] {Threei} if market continues slide... not the best canddiate though
[12:35] {dino} netl sm l .75
[12:43] {Threei} we finally near that triple digit red
[12:44] {Les} and didn't make a friggin dime from it
[12:44] {Threei} speak for yourself
[12:45] {Les} I am
[12:45] {larisa} you made a dime vad? :)
[12:45] {Threei} was I alone in this rtoom in the morning?
[12:46] {dino} vxx right
[12:51] {dino} perhaps i am
[12:54] {Threei} Dalai Lama is on Tweeter
[12:54] {nemo} you mean twitter?
[12:54] {Threei} whatever
[12:54] {nemo} well...tweeter was the name of a hi-fi chain on the east coast
[12:57] {Threei} kind of unbecoming of the reincarnation of one of spiritual leaders who have chosen to be reborn in order to enlighten others.
[12:58] {larisa} vad is kinda tense, somebody pass him carrot juice
[12:58] {nemo} ehhh...with his really enlightened followers he mind melds...with the rest of us morons, he tweets
[12:58] {dino} roflol
[12:58] {Les} well given twitter user attention spans, they should stay enlightened for maybe 30 seconds...
[12:59] {dino} what do you believe that isn't true
[12:59] {nemo} ?
[13:00] {dino} question what is preached/spoken/etc
[13:06] {_jfjf64} db tm
[13:07] {Threei} I doubt it
[13:09] {Threei} TM selling is far frpom done
[13:09] {Threei} we haven't seen even beginning of panic yet
[13:10] {_jfjf64} agree
[13:10] {fernp} EQT .82 breakdown, Vad?
[13:10] {Threei} I think so
[13:10] {Threei} of market helps of course
[13:10] {fernp} above .90 is a good stop?
[13:11] {Threei} (US) SEC's Shillman: SEC will likely allow sub-penny pricing - BusinessWeek
[13:11] {Threei} - NYSE Euronext and Nasdaq OMX Group Inc., which run the two biggest U.S. stock exchanges, have said they want regulators to expand eligibility for subpenny pricing to companies trading for up to $10 a share, from the current upper limit of $1.
[13:11] {_jfjf64} by july 1 stock 55
[13:11] {Threei} yes fern
[13:11] {fernp} ty
[13:11] {Threei} I think much sooner, and lower
[13:11] {_jfjf64} really
[13:11] {Threei} this crisis gains speed
[13:12] {Threei} TM is only 70 ents away from panic low of couple weeks ago
[13:12] {_jfjf64} lk aig last year this time
[13:14] {_jfjf64} steady sellin
[13:15] {Threei} should have for once listen to my intuition and not do anything but hold original TM short
[13:15] {Threei} dollar down
[13:15] {Threei} and not done yet
[13:15] {_jfjf64} hmm
[13:16] {dino} trit
[13:17] {Threei} ONSM
[13:17] {Threei} ONstream Media Corporation Launches Live Mobile Video Streaming Service for iPhone and BlackBerry (update)
[13:17] {Threei} - The new mobile video streaming service was developed with Onstream Media's leading Digital Media Services Platform (DMSP) technology which services clients in the Global 2000, Media and Entertainment, and Business-to-Business community. The service is device agnostic, enabling adaptive and segmented streaming to popular mobile devices using Akamai's Content Delivery Network
[13:22] {dino} 2 year went well
[13:23] {nemo} short durations aren't the problem
[13:23] {dino} 30 yr up 2 from yesterday
[13:26] {dino} scannres all green
[13:26] {_jfjf64} vxx vad any read boss
[13:28] {Threei} no, not really
[13:46] {dino} out .24, netl, +.49
[13:52] {larisa} gj
[13:52] {Threei} White House's Gibbs: No plans to "water down" Volcker rule, committed to ban on risky trading by banks; Pres Obama supports the repeal of the anti trust exemption for health insurers
[13:52] {Threei} ***Note: This repeal of the heathcare anti-trust exemption was planned to be included the Congressional health care bill but was subsequently removed during negotiations
[13:53] {Threei} 41% Favor Obamas Health Care Plan, 56% Oppose
[13:54] {Threei} that's because he didn't explain it well I am sure
[13:54] {_jfjf64} 57 %
[13:56] {_jfjf64} cmc
[13:57] {nemo} wfmi headed north
[13:59] {Threei} new low TM
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 600M shares, about 2% below its three-month average; decliners lead advancers by 6.1:1.
[14:00] {Threei} - NASDAQ volume 1.49B shares, about 10% above its three-month average; decliners lead advancers by 2.4:1.
[14:00] {Threei} - VIX index +8.5% to just over 21.50
[14:05] {dino} cski
[14:08] {dino} swm stopped -.32
[14:23] {dino} slxp halt, fda panel review, rumors looks good,
[14:25] {Threei} 1:56:20 PM
[14:25] {Threei} Salix Pharmaceuticals Ltd FDA gastrointestinal advisory panel : Xifaxan effective in treating hapatic illness; supports use in liver disorder
[14:25] {Threei} - votes 16-2 that shows evidence of efficacy
[14:27] {Threei} sounds like news rather than rumor to me, no?
[14:28] {dino} hsii, beats, guides up, drops
[14:28] {dino} you are correct
[14:31] {nemo} wfmi new high
[14:35] {Les} db on TM?
[14:37] {Threei} or inverted C&H
[14:37] {Les} ok. long enough time frame is it?
[14:38] {Threei} hmm?
[14:38] {Les} 35 mins enough to work with c&h setup?
[14:38] {Threei} you mean time between bottoms?
[14:38] {Threei} well... morte or less, yes
[14:39] {Les} ok
[14:39] {Threei} I'd prefer a bit longer,
[14:39] {Threei} but double bottom scenario has even bigger problem
[14:39] {Threei} confirmation level is way too far
[14:40] {Threei} .75
[14:41] {Les} understood
[14:43] {Threei} C&H is ruined
[14:45] {dino} qdel
[14:45] {dino} crazy
[14:47] {Threei} QDEL Diagnostic Hybrids unit receives FDA Emergency Use Authorization for D3 Ultra 2009 H1N1 Influenza A Virus ID Kit
[14:47] {Threei} - received emergency use authorization from the U.S. FDA for its D3 UltraTM 2009 H1N1 Influenza A Vi...more...
[14:49] {nemo} fas may be setting up for a nice short here. right at 200 ma, little DT near previous swing high
[14:50] {nemo} dependent on spy
[14:51] {fernp} SPY break 110 long with SSO, Vad?
[14:51] {Threei} I think so
[14:51] {fernp} ok
[14:53] {dino} swm sm l .90
[14:55] {Les} wow. TM double bottom it was
[14:59] {dino} all dayer, stop to .95 wcg
[15:01] {_jfjf64} my first week back yuk
[15:02] {Threei} sheesh
[15:02] {Threei} I am out of here, see you all in a year
[15:02] {dino} huh?
[15:02] {dino} wcg to .00
[15:02] {nemo} what?
[15:02] {_jfjf64} lol
[15:02] {nemo} you going to tibet?
[15:02] {Threei} wherever
[15:03] {dino} you ok?
[15:03] {dino} out wcg +.65
[15:03] {Les} nice one
[15:03] {nemo} he has a hard time with days ending in "y"
[15:03] {Threei} "yuk" is what I get for bavigating these waters?? :)
[15:03] {fernp} excellent dino
[15:03] {dino} ty, got lucky, slow climb
[15:03] {_jfjf64} gj dino
[15:04] {dino} thx
[15:04] {_jfjf64} thats being kind waters
[15:05] {nemo} Oh Black Water keep on rollin' Mississippi moon won't ya' keep on shinin' on me...
[15:05] {_jfjf64} shinin on meeeeeeeee
[15:06] {nemo} I ain't got no worries....
[15:06] {_jfjf64} vad we gettin restless any jokes somethin
[15:06] {nemo} just look in the mirror
[15:06] {nemo} ow...
[15:06] {Threei} no jopkes for you
[15:06] {Threei} {--- joke nazi
[15:07] {nemo} put both hands clap
[15:10] {Threei} .50 won't hold, TM
[15:10] {Les} was gonna say something similar. s tm .54
[15:11] {_jfjf64} 71 comin
[15:11] {Les} out 1/3
[15:12] {dino} big mistake on pega today
[15:12] {Les} what did you do?
[15:12] {Les} $4 recovery. beautiful
[15:13] {dino} missed it at 35 and said i'd wait for it to come back
[15:13] {dino} think es was talking w/me about it
[15:13] {Les} ah yes remember that. out 2/3 tm
[15:15] {dino} clw sm l .69 risky, jumpy
[15:16] {dino} trit pop again
[15:17] {nemo} whaddya' think, market runs into the close
[15:22] {dino} so far it does
[15:22] {dino} gut says drops at 3:40
[15:22] {Les} out last 1/3 +.03. TM pops again
[15:22] {dino} end about -100
[15:23] {nemo} except this whole pullback was because of the sentiment report
[15:23] {nemo} or started with it
[15:23] {dino} or 9 days in row up
[15:23] {nemo} $ up pretty good though
[15:30] {_jfjf64} night all
[15:30] {nemo} cya
[15:30] {Les} bye
[15:30] {Threei} take care jf
[15:32] {fernp} Good evening everybody. See you all tomorrow
[15:32] {Les} ciao
[15:32] {nemo} Hasta manana
[15:32] {Threei} bye fern
[15:33] {dino} cya jf
[15:33] {dino} cya fern
[15:37] {Threei} DRIV Restates Q1 2009 GAAP EPS to $0.36 from $0.45 due to an incorrect accounting entry
[15:37] {Threei} - no change to reported revenue. (26.44, -0.25, -0.94%)
[15:39] {billyc} gn all
[15:39] {Les} ciao billy
[15:41] {dino} 3:40
[15:48] {dino} wrld
[15:51] {dino} clw stopped
[15:51] {Les} s fcx .68
[15:52] {Les} out +.10
[15:54] {Les} TM .50 b/d?
[15:54] {dino} out swm -.08
[15:54] {Threei} 5 min till eod?
[15:54] {Les} lol lost track of time
[15:55] {Threei} thank you all, have a good evening
[15:55] {Threei} see you tomorrow
[15:55] {larisa} bye :
[15:55] {larisa} )
[15:55] {Les} thanks Vad, despite my grumbling
[15:55] {dino} neg. day 5 losers 4 wins
[15:56] {dino} opps 6 losers
[15:56] {dino} 3 wins
[16:01] {dino} gn all

Labels: , , , ,

Monday, February 22, 2010

Feb 22 2010

We had 100% winning day - on 2 (yes, TWO) calls for the whole day. I don't think I've ever had that few. Both were on DNDN, one breakout for 36 cents and one bounce for 17.

Session Time: Mon Feb 22 00:00:00 2010

[07:55] {Les} Toyota memo trumps savings over safety. In an internal document from 2009, Toyota (TM) employees celebrated saving the company over $100M by convincing regulators to end a 2007 investigation into sudden acceleration complaints with a relatively cheap floormat recall for just 55,000 cars. The memo will put further pressure on Toyota President Akio Toyoda when
[07:58] {Les} smart move on their part
[08:07] {Les} SLB not digesting their acquisition of SII well premarket
[08:19] {nemo} what a surprise, a gap day
[08:29] {nemo} wow...slb traded over 2 million shares already
[08:31] {Threei} (GE) Germany Finance Ministry: Believes that Greece will succeed in debt refinancing next month; No decision taken on aid for Greece- EU needs to consider new rules and sanctions in the context of Greece
[08:35] {Threei} Market update
[08:35] {Threei} 5:53 AM European Market Update: China reiterated its pledge to maintain moderately loose monetary policy and maintain proactive fiscal policy; Session risk appetite wanes as no concrete news emerges on Greek aid package
[08:35] {Threei} *** ECONOMIC DATA ***
[08:35] {Threei} - (JP) Japan Jan Convenience Store Sales Y/Y: -5.3% v -5.5% prior
[08:35] {Threei} - (SZ) Swiss Jan M3 Money Supply Y/Y: 5.6% v 6.6% prior
[08:35] {Threei} - (TT) Taiwan Jan Unemployment Rate Seasonally Adj: 5.7% v 5.7%e
[08:35] {Threei} - (NE) Netherlands Feb Consumer Confidence: -13 v -11e v
[08:35] {Threei} - (IC) Iceland Jan Wage Index M/M: 0.1% v 0.3% prior; Y/Y: 3.1% v 3.6% prior
[08:35] {Threei} - (IT) Italy Jan Trade balance Non-EU: -3.2B v -4.0B prior
[08:35] {Threei} - Despite a strong trading session in Asia, opening highs in Europe didn't last. Equities rolled over and turned negative within the first hour of trading. The motivations behind this move has been mixed but has been broadly in line with the expected pare back of commodity and high yielding currencies as risk aversion crept back into the market. Equities that traded lower included Glaxo [GSK.UK], following a NYT article on the safety of its Avandia medication, along with Carrefour [CA.FR] and Axa [CS.FR], following analyst actions. Pilots at Lufthansa [LHA.GE] have followed through with strike threats leading to travel chaos in Germany and those shares moving lower. Retail as a sector moved lower on general sentiment and cautious notes on H&M [HMB] and Zara [ITX.SP] from BNP. Weekend press speculation has been fierce with commentary regarding an expected EU approval for a T-mobile [DTE.GE] Orange [FTE.FR] UK JV, speculation that VTG [VTG.UK] may offer a special dividend if holders reject a Babcock [BAB.UK] bid, and speculation that Old Mutual [OML.UK] is shopping its US life insurance unit. In M&A flow, Schlumberger [SLB] and Smiths International [SII] announced a formal all stock agreement while market chatter has reignited ABB [ABBN.SZ] for Rockwell Automation [ROK] speculation. Into 5:30, equity markets remain choppy with moves above and below the unchanged line on lighter volume
[08:35] {Threei} - In individual equities: AB Foods [ABF.UK] said its first-half 2010 profit would be higher y/y. Hamerson [HMSO.UK] reported FY09 adj Pretax 130M v 150Me. TNT [TNT.NV] reported Q4 Net 25M (unclear if comp to ests), Rev 2.95B v 2.9Be, to pay total dividend of 0.53/shr.
[08:35] {Threei} - Speakers: ECB's Provopoulos commented that the Greek govt would take additional measures if needed and expressed confidence that Greece would meet it austerity goals. He stated that markets were overreacting to the crisis in the country and added that the ECB to continue its credit support. German Finance Ministry's Monthly Report noted that German January total tax revenues at 36.0B, down 7.8% y/y. The reported noted that economic recovery was prone to setbacks and sources of domestic growth were unfolding slowly. ECB's Honohan commented that reducing wages was vital to ensuring Ireland's recovery and reversing the rise in unemployment. He did note that achieving lower nominal wage rates was not easy but was essential. UK PM Brown reiterated his administrative plans to decrease deficit by half by 2014 and restore finances as economic recovery takes hold. China reiterated its pledge to maintain moderately loose monetary policy and maintain activist fiscal policy in 2010. The comments follow the reopening of the Chinese markets after a week of holidays. The comments follow the Feb 12th reserve ratio hike by the PBoC to 16.50% from 16.00%.
[08:35] {Threei} - Currencies: The European morning was prepared for rising risk appetite as weekend press raised speculation that a Greek aid package could be in the pipeline and worth up to 25B. Asian equities were firmer and energy and metals followed them higher. However, the euphoria waned as the hours rolled by and the USD and JPY maintained a firmer tone in the session. As the NY morning approached the EUR/USD was holding above the 1.36 handle after testing 1.3450 last week. Dealers did have plenty of time to analyst the situation in Europe as the news flow was light and data releases were sparse. Greece's financial distress could be exacerbated at the end of 2010 when the ECB is due to revert to old collateral rules that were loosened during the global recession. If Greek debt were no longer eligible as ECB collateral, the Greece Gov't would find it harder to find buyers for its bonds and yields would probably rise.
[08:35] {Threei} - Fixed Income: Gilts have underperformed after the latest UK polls showed Labour gaining ground on the opposition Conservatives. The Tory lead has been cut to just 8 points, with a 10 point margin generally believed to be the minimum needed to avoid a hung parliament. The 10y Gilt briefly traded 100bps cheap to the Bund in the session, the widest level in the Gilt-Bund spread spread since March 1997
[08:35] {Threei} - Geopolitical: On Saturday a brewing political crisis in the Netherlands led to the collapse of a three-party coalition government. The key issue in bringing the gov down was troop deployments to Afghanistan. Current PM Blakenende (Christian Dem) failed to ward off a split led by Deputy PM Bos (Labor) over the deployment of soldiers in Afghanistan. Labor had run on a platform in 2006/7 that combat soldiers would come home by 2010 and the party has made moves to fulfill that goal. The Dutch Queen is expected to appoint a caretaker gov that while official, will have difficulty passing any new laws *** Coup leaders in Niger have promised a return to civil government with the crafting of a new constitution followed by democratic elections. A time frame for either operation was not given. Representatives from the ruling Junta met with Libyan leader Gaddafi in a search for international recognition. African government and political organization have remained cool/mute on the subject.
[08:35] {Threei} - In the papers: An FT article discussed investor George Soros views on the EMU. Soros stated that for the euro to be a fully fledged currency it would require both a central bank and a Treasury. He believes that when a financial system is in danger of collapsing only a Treasury can deal with problems of solvency. The 2008 financial crisis revealed the flaw in the euro's construction, and he recommended the establishment of a well-organized eurobond market. Der Spiegel reported over the weekend that he EU was set to provide approx 25B in assistance to Greece. The amount to be shared amongst the EU, determined by relative position in the ECB, and encompass various loans and guarantees. Germany's share in ECB stands at 20%. WSJ commented on the use of swaps by some European governments. According to the article, some European government in the past used complex financial transactions to lower the sizes of their debts and deficits. The article commented on the previously disclosed derivatives transactions between Greece and Goldman Sachs.
[08:35] {Threei}
[08:35] {Threei} oops
[08:35] {Threei} too big paste
[08:36] {Threei} The article noted that between 1998 and 2003, Deutsche Bank entered into swap agreements on behalf of Portugal. In 1997, France arranged a transaction with France Telecom which resulted in a reduction in France's deficit. Additionally, in 1996 JP Morgan arranged an Italian currency swap which allowed Italy to receive large payments upfront and thus lower its deficit. Some critics believe that too little is known about countries' continued exposure to the derivative deals that are already out there.
[08:36] {Threei} that's what I acrualy wanted, lol
[08:58] {nemo} any news on slb this morning
[09:00] {Threei} Smith International Inc To merge with Schlumberger; The all stock agreement values SII at $11.3B or $45.84/share (37.5% premium)
[09:00] {Threei} - Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45.84 per Smith share, representing a 37.5% premium. Upon closing, and reflecting the issuance of new Schlumberger shares, Smith stockholders collectively will own approximately 12.8% of Schlumberger's outstanding shares of common stock.
[09:01] {Les} Morning Vad, Nemo
[09:01] {nemo} oh...arbitraging
[09:01] {nemo} sheila :)
[09:01] {Threei} les :)
[09:01] {ese} good morning
[09:01] {Les} huh... in fine form for the week are we:)
[09:01] {Les} hey ese
[09:01] {Threei} ese :)
[09:02] {Les} saw Inglourious Basterds this weekend Vad. I liked it
[09:02] {nemo} I got bored watching it
[09:03] {ese} it's the way things should have been
[09:03] {Threei} I was disappointed... not at the level pf his other movies, IMO
[09:03] {fernp} Good morning everybody
[09:03] {Threei} fern :)
[09:03] {Les} u r right Nemo/vad
[09:03] {Les} first five minutes bored me
[09:04] {Les} then I realised what he was doing
[09:04] {Les} French film
[09:04] {Les} In that regards, yes, way different to his previous works
[09:05] {Les} but Europeans are liking it, especially Christolph Waltz as the Jew Hunter. Great job
[09:06] {Threei} that's about the only thing I liked
[09:06] {Les} anything on the watch list?
[09:06] {Threei} the rest just was not up to his standards, IMO
[09:07] {Les} I think he switched audiences for this film. I've watched a few french films. they just talk and talk.
[09:08] {nemo} Watchmen was a great movie
[09:09] {billyc} gm everyone
[09:10] {Threei} billy :)
[09:10] {Les} billy
[09:10] {Les} saw District 9 as well. Talk about apartheid redux
[09:11] {nemo} yeah...that was a trip
[09:13] {Les} SLB's got some range going for it today
[09:16] {Threei} great... TM is not shortable
[09:16] {nemo} slb is an arbitrage play, so I'm not sure that will be a safe one to trade today
[09:16] {nemo} that is unless you have a good understanding of the arbitrage levels
[09:19] {Threei} Toyota Motor Corp According to documents, TM saved millions by negotiating a deal with US government officials over consumer complaints related to acceleration in some vehicles - Detroit Free Press
[09:19] {Threei} - According to the document that was turned over to US House officials, officials at Toyota boasted in an internal document that they saved the company more than $100M by negotiating a deal with US government officials on a limited recall over complaints about sudden acceleration in some vehicles.
[09:19] {Threei} - In an internal presentation last summer, the government agreement was classified under the category of "Wins for Toyota and Industry."
[09:19] {lasertrev} morning
[09:19] {Threei} trev :)
[09:19] {nemo} trev
[09:20] {Threei} some win that was
[09:21] {lasertrev} sad
[09:31] {_jfjf64} mornin all
[09:31] {Threei} jf :)
[09:31] {nemo} jf
[09:32] {Threei} XNPT again
[09:33] {Threei} Long Setup: ARUN .45 break half lot if stays above .30
[09:37] {nemo} nice hold on the pullback
[09:37] {Threei} feels explosive
[09:37] {nemo} Qs and spy near 200 ma
[09:38] {nemo} Qs broke through 200
[09:38] {nemo} spy broke through 200
[09:39] {Threei} Long Setup: DNDN .35 break
[09:39] {ese} l dndn .28
[09:39] {Threei} stop under .20
[09:39] {ese} yup
[09:40] {ese} out dndn .36
[09:40] {ese} wow that was fast
[09:40] {ese} +.08
[09:41] {Les} RIMM looks like bounce before b/d
[09:43] {_jfjf64} dfs
[09:45] {_jfjf64} question fonts are very small in chat how do i mk larger
[09:46] {Threei} CTRL +
[09:46] {_jfjf64} ahh ty
[09:47] {_jfjf64} rimm
[09:47] {Threei} come on already DNDN
[09:47] {Les} DNDN drives a TM
[09:47] {Threei} where is sudden acceleration then?
[09:48] {nemo} in reverse
[09:48] {Les} lol
[09:48] {nemo} dndn looking short now
[09:50] {Threei} ARUN invalidated
[09:52] {Threei} half out DNDN
[09:53] {Threei} scalpers take profit
[09:53] {Les} out .47 ty
[09:54] {ese} nice play with dndn vad
[09:54] {ese} should go forever that thing
[09:54] {_jfjf64} dndn ty
[09:54] {billyc} thanks
[09:54] {Threei} 1/4 more out .60
[09:55] {Threei} welcome guys
[09:55] {Threei} stop for the last piece just under .40
[09:56] {Threei} and try to exit into spike over .70
[09:56] {_jfjf64} nice
[09:58] {Threei} out .72 for +.36
[09:59] {_jfjf64} way to go champ
[09:59] {Threei} can I go home?
[09:59] {Les} 3 more like that please
[09:59] {_jfjf64} one more
[09:59] {_jfjf64} mk it 2
[10:00] {_jfjf64} strong dndn
[10:00] {Threei} (US) Pred Obama: Proposes $10B in additional fees on drug makers as part of Health Care reform
[10:01] {Threei} yup... that'll help lower prices
[10:01] {_jfjf64} enough with this guy
[10:01] {nemo} and raising personal income tax as well as penalty for not buying
[10:01] {_jfjf64} lol
[10:01] {Threei} Porposes medicare tax on unearned income
[10:01] {Les} not sure what sort of reform that is?
[10:01] {strider} The big O proposing medicare tax on unearned income.
[10:01] {Threei} beautiful
[10:01] {strider} beat me to it.
[10:01] {strider} they're taxing porpoises too?
[10:02] {strider} will they never stop?
[10:02] {Les} RIMM has nothing but air under it now
[10:05] {Threei} watching WFC for possible pullback entry
[10:07] {Threei} - Does not include public option
[10:07] {Threei} - Targeting expansion of health care to 31M further Americans; would force insurers to cover more young adults
[10:07] {Threei} - Would establish health insurance exchanges
[10:07] {Threei} - To end discrimination against pre-existing medical conditions
[10:07] {Threei} - Includes limits on health premium increases
[10:08] {fernp} MAS .75 breakdown, Vad?
[10:08] {Threei} not sure
[10:10] {fernp} ok. ty
[10:10] {nemo} indices down but fas up strong
[10:16] {nemo} huge bid rimm .31
[10:21] {Les} AIG
[10:22] {Les} pump my trash day hey?
[10:22] {Threei} no news
[10:23] {Les} DNDN back to original support
[10:24] {Threei} I think one more leg down before it become bounce candidate
[10:34] {fernp} PALM short if breaks .20, Vad?
[10:36] {Threei} I like it
[10:36] {fernp} ty
[10:36] {Threei} .25 for hard core scalpers, .30 for day trade
[10:37] {Threei} Market Internals update at 10:30amET
[10:37] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 1.3:1.
[10:37] {Threei} - NASDAQ volume 490M shares, about 3% below its three-month average; advancers lead decliners by 1.1:1.
[10:37] {Threei} - VIX index +4.3% to just under 21.00
[10:37] {fernp} ty, was writing the question... lol
[10:37] {Threei} :)
[10:38] {_jfjf64} y
[10:39] {Threei} strangely slow market
[10:40] {Threei} glad we got our first profit extracted early
[10:42] {Les} PM miners looking for a b/o. slw kgc auy
[10:42] {Les} not auy
[10:44] {fernp} any rean in ORCL, Vad? good breakout?
[10:44] {fernp} rean = read
[10:45] {Threei} want to be water-tirtured for hours?
[10:45] {fernp} nope
[10:45] {Threei} leave ORCL alone then :)
[10:45] {fernp} ok, i'll do
[10:45] {strider} AMZN nice reverse c&h
[10:47] {ese} L apwr .22
[10:48] {ese} blasted thing....wanted .19.....ruddy thing jumped up on me
[10:54] {Les} vad DNDN
[10:54] {Threei} almost ready... not quite yet
[10:55] {ese} you all thinkin of shorting dndn or going long
[10:56] {Threei} long for bounce scalp
[10:56] {Les} bounce play
[10:56] {ese} ok
[10:58] {ese} oh and by the way vadster!!! My spies tell me that you were in my neck of the woods .....YOU! didn't stop in........well I never. Was gorgeous day around here saturday for sure
[10:58] {Threei} hmmm... you have cameras around that area or what, lol
[10:59] {Threei} OK, hunt is on for DNDN
[10:59] {ese} daughter was walking to the library along beach drive and she walked right by you
[10:59] {Threei} oops... haven't seen her
[10:59] {Threei} .75 brea
[10:59] {Threei} stop under .70
[11:00] {ese} in
[11:00] {nemo} damn
[11:00] {Les} nope
[11:00] {ese} .76
[11:00] {Threei} out .91
[11:00] {ese} out
[11:00] {Les} 200 ma .90
[11:00] {Threei} nice and easy
[11:01] {ese} .90 +.14.....tks vad
[11:01] {Threei} sure thing... accpet it as my apology for not saying hello to yor girl :)
[11:01] {ese} done
[11:02] {billyc} thanks
[11:02] {ese} not a problem......I can be bought
[11:02] {Threei} billy :)
[11:06] {ese} daaaa stopped apwr .14 -.08
[11:08] {ese} hmmmmm pullbacks me thinks are working better than breakouts still
[11:08] {_jfjf64} ty dndn
[11:09] {Threei} :)
[11:14] {Threei} keep an eye opn VXX
[11:14] {Threei} for possible sharp pullback under .10
[11:15] {Threei} shpuld be long around .05
[11:15] {_jfjf64} ii
[11:17] {Les} PM miners all went south. SLW or KGC lod b/d?
[11:19] {Threei} KGC I like the most
[11:21] {Threei} almost there, VXX... just a few more downticks please
[11:29] {Threei} .08 was the lowest point, and practically unobtainable
[11:29] {Threei} writing it off as one that got away
[11:32] {nemo} rimm broke lows
[11:52] {ese} amcs
[11:52] {Threei} never cease to amaze
[12:11] {_jfjf64} cmc any read vad
[12:11] {Threei} not really
[12:16] {Threei} wow... it's like market doesn't knoqw it's not a weekend anymore
[12:16] {_jfjf64} omx crazt
[12:25] {fernp} TOL breakdown, Vad?
[12:25] {fernp} 5c stop
[12:28] {strider} MIL
[12:29] {strider} whoa!
[12:29] {strider} Too dangerous for me...where's magoo?
[12:30] {fernp} MIL nice daily candle lol
[12:30] {Threei} hard to tell TOL
[12:30] {fernp} nah, forget TOL
[12:30] {Threei} MIL Reportedly Thermo Fisher is planning $6B bid; Millipore is said to have hired Goldman Sachs as advisor - unconfirmed report (79.52, +8.18, 11.47%) (related TMO )
[12:30] {nemo} slb been climing strong since 11:15
[12:31] {strider} Now that's euphoria.
[12:31] {nemo} wfmi vad
[12:31] {Threei} MIL Halted (99.53, +28.19, 39.52%)
[12:31] {Threei} hmmm?
[12:31] {Threei} I still see it trading
[12:31] {nemo} break of .80 looks interesting, but is lunchtime
[12:32] {fernp} not halted, here
[12:32] {Threei} WFMI... could be but don't count on much
[12:32] {nemo} lunchtime scalp
[12:33] {nemo} maybe
[12:33] {Threei} MIL Halted at NYSE on order imbalance (99.53, +28.19, 39.52%)
[12:33] {nemo} jeez...slb, if it clears .25 area soon, probably looking at .75
[12:33] {Threei} huh... it can be halted on NYSE but not on ECNs?
[12:34] {Threei} talk about market fragmentation
[12:35] {Threei} news still says "unconfirmed repoprt"
[12:35] {Threei} let's prepare short and wait for denial? {G}
[12:37] {Threei} WFMI, enough for a scalp
[12:39] {Threei} Preview: Treasury's $8B 30-year TIPS auction results due out just after 1PM ET
[12:39] {Threei} - Initial 30-year TIPS auction. The bid to cover ratio in the last 30-year TIPS auction in Oct of 2001 was 2.23. For reference January's 10-year TIPS auction saw a 2.65 bid to cover ratio.
[12:42] {fernp} LIFE also happy
[12:43] {ese} L drys .71
[12:44] {ese} well .715 to be exact
[12:55] {Threei} not bad WFMI
[13:01] {Threei} (US) Fed's Yellen: Fed is watching the possibility of assets bubbles developing - Q&A (related EUR/USD TLT SHY )
[13:03] {Threei} MIL Reported $6B bid by Thero includes debt - CNBC's Faber (90.15, +18.81, 26.37%)
[13:06] {Threei} MIL has been in the process of auctioning itself for some time, may be other potential bidders - CNBC's Faber
[13:11] {nemo} mmmhhh...vxx dropped wih spy, wouldna' thunk that
[13:11] {patience} .
[13:11] {nemo} fricking mos...was waiting at .05 to short it
[13:17] {Threei} MIL Thermo Fisher Spokesperson: Reportedly states that Millipore bid is a rumor (86.09, +14.75, 20.68%) (related TMO )
[13:17] {Threei} ugh
[13:18] {Threei} why couldn't he say it while we were at 100
[13:22] {nemo} aig new high
[13:33] {ese} i've gotta say....these have been some of the most boring markets these last 2 to 3 weeks
[13:34] {Threei} totally
[13:39] {Les} well if Twiggs is correct and correction is finished; good way to keep daytraders from climbing on
[13:39] {_jfjf64} this is killing me bored
[13:40] {_jfjf64} happy took money out early ty vad
[13:42] {Threei} AIG look sbreaky
[13:42] {Threei} who and wehy would have cared to keep day traders out Les?
[13:45] {Les} I don't care who are what, but the result is the same. gap up, no trades...
[13:45] {Threei} my point iis, it's not about day traders at all
[13:46] {Les} understood
[13:46] {Threei} anyone who is interested in this or that direction would see day traders as liquidity providrs with no net impact on direction
[13:46] {Threei} thus helping his cause
[13:47] {ese} zzzzzzzzzzzzzzzzzzzzzzzz snoorfffffff gaaaaazitttt..........ah hem.....zzzzzzzzzzzzzzzzzzzzzzzzzz
[13:47] {Threei} PCLN CEO: Would consider buying any online travel company, smaller companies in the sector would likely be acquired - conf comments (230.52, -0.05, -0.02%) (related EXPE OWW CTRP SOHU LONG )
[13:48] {nemo} lay on your side so you don't interrupt everybody with your snoring, ese
[13:49] {ese} just noticed saliva running out of the side of my mouth
[13:49] {nemo} happens at your age
[13:49] {ese} lol
[14:02] {ese} ok all......gotta go to a meeting......still long drys.......catch you tomorow.....although i may be able to log in closer to the end ot the trading day
[14:02] {ese} take care
[14:02] {Threei} take care ese
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 520M shares, about 15% below its three-month average; decliners lead advancers by 1.1:1.
[14:07] {Threei} - NASDAQ volume 1.2B shares, about 11% below its three-month average; advancers and decliners are about even.
[14:07] {Threei} - VIX index +0.25% to just over 20.00
[14:08] {Threei} this must be a quiet before the storm
[14:10] {Les} what direction you working with right now? still down?
[14:10] {Threei} no direction at all
[14:11] {nemo} sounds like my nephew
[14:11] {Threei} this can resolve any way
[14:11] {Threei} look at VIX
[14:11] {Les} ok. calm before storm being volatility in either direction
[14:13] {Threei} this VIX drop is nolt tied to market direction, it's purely drop in volatility
[14:13] {nemo} rimm had a little kniption
[14:19] {nemo} tons of shares at .61 just wet by on slb, looks like offer is lifting
[14:31] {nemo} see this on the tips auction?
[14:31] {nemo} * Yield 2.229% vs. Exp. 2.195%, bond was trading at 2.164% just before 1 PM auction
[14:31] {nemo} * Bid To Cover 2.45 vs. Avg. 1.89 (Prev. 2.27)
[14:31] {nemo} * Indirects 42.40% vs. Avg. 45.28% (Prev. 47.45%)
[14:31] {nemo} * Indirect Hit Ratio of 88.05%
[14:31] {nemo} * Allotted at high 66.57% - large number on the margin
[14:31] {nemo} * Direct bidder take down 6.4%
[14:32] {nemo} first 30 year tips since 81
[14:32] {nemo} 01 sorry
[14:38] {Les} TM 73 b/d?
[14:38] {nemo} we're a tad short on volume today
[14:39] {Les} and?...
[14:39] {nemo} you're a sheila
[14:39] {Les} :P
[14:39] {Threei} yes les
[14:39] {Threei} just keep size smallish
[14:40] {Les} some big orders at 73
[14:40] {nemo} understatement
[14:40] {strider} I'm gone for the day guys. Had a really good morning...want to keep it. see you tomorrow.
[14:40] {Threei} take care strider
[14:40] {Les} ciao
[14:41] {strider} :)
[14:41] {Threei} AIG broke
[14:41] {Threei} this I enjot:
[14:41] {Threei} enoy
[14:41] {Threei} ECB's Bini-Smaghi: the Euro is solid and has protected member states from the financial crisis (update) (related EUR/USD EUR/CHF EUR/JPY )
[14:41] {Threei} uhhu
[14:41] {nemo} aig has been bouncing off a trend line since noon
[14:42] {Threei} whewe is dino
[14:42] {nemo} with magoo
[14:42] {Threei} this is totally fromn the "we don't need any more capital" category
[14:44] {Threei} Germany to Bini-Smaghi: Hello? who exactly protected whom?
[14:50] {Threei} (GR) IMF spokesperson says IMF staff is in Greece this week at the request of the govt
[14:50] {Threei} vacation I am sure
[15:01] {Threei} been quite a while since we had so boring day
[15:02] {Les} just read today of another movie I need to see
[15:02] {Les} hurt locker
[15:02] {Les} anyone seen it?
[15:02] {_jfjf64} shhoot me
[15:02] {Les} no jf, "hurt locker"
[15:05] {_jfjf64} lol
[15:07] {Les} no one seen it? here I thought we were film aficionados...
[15:07] {nemo} I'll download it tonight
[15:07] {Les} kicked Avatar's butt in British film awards.
[15:07] {nemo} BFD
[15:07] {_jfjf64} yup nemo
[15:08] {nemo} bloody poms
[15:08] {Les} lol, looking up ticker BFD haha
[15:08] {Les} I'm wet behind the ears
[15:08] {nemo} kinda' my fault
[15:08] {_jfjf64} hurt locker
[15:08] {Les} funny in that its james camerson's ex-wife who beat the man at the award ceremony
[15:09] {nemo} one of them
[15:11] {_jfjf64} good night all got to get out of here before i do somethin stupid takin my profits and runnin
[15:11] {Les} ciao
[15:12] {nemo} ciao bene
[15:12] {Threei} take care jf
[15:13] {patience} .
[15:13] {nemo} fas breaking highs
[15:17] {Les} slw
[15:17] {Les} wrong screne
[15:22] {nemo} fas mind of it's own
[15:33] {Threei} (CA) Canada govt official: Canada's economy remains fragile, Canada will not change course on stimulus spending
[15:33] {Threei} - Canada budget includes plan to cut deficit.
[15:33] {Threei} - Not looking to raise taxes in order to cut deficit.
[15:34] {Threei} Market Internals update at 3:30pmET
[15:34] {Threei} - NYSE volume 675M shares, about 15% below its three-month average; advancers lead decliners by 1.1:1.
[15:34] {Threei} - NASDAQ volume 1.55B shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.
[15:34] {Threei} - VIX index +0.25% to just over 20.00
[15:44] {Threei} kik, in lasar 5 min SPY covered more than half of dauly range
[15:45] {nemo} ?
[15:45] {nemo} you mean last 5 minutes
[15:45] {Threei} sheesh, what's with this frikin keyboard
[15:45] {nemo} tovarich
[15:45] {nemo} your frikin fingers
[15:45] {Threei} I need to change it, something aboput layout here is horribly wrong
[15:46] {Threei} previous one was way easier to tyope without looking at each key
[15:46] {Threei} that "kik" was supposed to be lol
[15:46] {nemo} lol
[15:47] {Threei} keys moved a bit closer, and my fingers hit next ones
[15:53] {nemo} slb almost 85m shares today
[15:55] {Threei} I'd have hard time remembering a day when I made just twqo calls
[15:56] {Threei} I don't think it happened ever
[15:57] {Threei} have a good evening guys, see you tomorrow
[15:57] {billyc} gn all thanks for the calls good day
[15:57] {Les} ciao
[15:57] {nemo} c ya

Friday, February 19, 2010

Feb 19 2010

Day started with very nice WFC long - and then turned into stopfest, with three plays in row getting topped out after almost hitting profit target. It took careful and patient trading to take the day back to even, and then finally to profit by spectacular long entry on VXX shakeout - check out this trade at 13:59, comments starting with "better try to get in on pullback." All in all, teeth-pulling kind of day but two-week long winning streak remains uninterrupted.

Session Time: Fri Feb 19 00:00:00 2010

[08:14] {Threei} (US) Preview: Jan Consumer Price Index, CPI ex Food & Energy and CPI NSA due at 8:30 am E
[08:14] {Threei} ***Consensus expectations
[08:14] {Threei} - Consumer Price Index m/m: 0.3%e vs 0.1% last. (range of estimates 0.0% to +0.6% )
[08:14] {Threei} - CPI ex Food & Energy m/m: 0.1%e vs 0.1% last. (range of estimates from 0.0% to +0.2%)
[08:14] {Threei} - CPI NSA: 217.053e v 215.949 last.
[08:14] {Threei} - CPI Y/Y 2.8%e v 2.7% prior; core CPI Y/Y: 1.8%e v 1.8% prior
[08:30] {Threei} *(US) JAN CONSUMER PRICE INDEX M/M: 0.2% V 0.3%E; CPI EX FOOD&ENERGY M/M: -0.1% V 0.1%E; CPI NSA: 216.68 V 217.053E
[08:33] {nemo} didn't move the indexes yet...makes sense, yesterday was the first shot across the bow. One datapoint does not a trend make
[08:34] {Threei} I guess
[08:38] {Les} afternoon gentlemen
[08:39] {ese} good morning
[08:39] {Les} hi ese
[08:39] {ese} hey les
[08:39] {ese} dude
[08:39] {Threei} Les, ese :)
[08:39] {ese} vad
[08:39] {Les} Nemo, HELLO!
[08:39] {Les} :)
[08:40] {Les} been watching FSLR since 116.50 b/o setup after 8 am. made a buck easy
[08:41] {Les} took a hit after decent earnings release
[08:42] {nemo} Hi Les
[08:43] {Les} if I tell you to belt up Nemo...
[08:43] {Les} know that it is in good humour
[08:43] {Les} my wife has me licked
[08:43] {Les} the kids don't listen to me
[08:43] {Les} so I seek to assert authority on virtual colleagues now
[08:44] {Les} but always in good humour :)
[08:45] {Les} rain finally melting snow away here
[08:46] {nemo} that interest rate rise is having minimal effect so far except on gold and the $, haven't seen oil yet
[08:48] {Threei} slightly down
[08:48] {Threei} nothing groundshaking
[08:50] {Les} reading commentary that remarks "forget Bernanke now, watch China's central bank"
[08:50] {Threei} (US) PIMCO's Bill Gross: Discount rate increase is a slight signal; other rate changes not due for at least 6 months - CNBC
[08:50] {Threei} - Favors "steepening, steepening, steepening" of US yield curve with Fed set to maintain existing policy for forseeable future, notes the spread bewtween the long bond yield and short end may be as steep as it will get but expects it to stay here for some time
[08:50] {Threei} - Does not expect the Fed to move on the discout rate anytime soon, move was likely to appease the hawks on FOMC.
[08:52] {Threei} - Says timing of discount rate move yesterday was a bit surprising even though it was telegraphed.
[08:52] {Les} Wasn't premature rate rises responsible for 2nd leg down in Great Depression?
[08:53] {Threei} depends on who you ask
[08:53] {Threei} they still can't aree on what actually worked and what didn't to end it
[08:54] {Threei} oil is almost back to breakeven nemo
[08:54] {Les} hmm. so Bernanke has hands tied -$100B treasury sale next week apparently - or trying to please some critics
[08:54] {Les} whatever
[08:54] {Threei} whatever is right
[08:55] {Threei} you are looking for sensible action by a man who said housing crisi was about over - in 2005
[08:55] {Les} hah
[08:55] {Les} seems to be driving gold all over the place
[08:56] {Threei} CSIQ margings decreased for 2010
[08:56] {Threei} now, tell me someone... why did we bpther to cover AMLN yesterday just before closer?
[08:57] {Threei} good 50 cents below our short entry
[08:57] {nemo} had a big spike first on short covers
[08:57] {Les} nice. wanted to ask you that but preferred cash up front.
[08:59] {Threei} I'd coiver it anyway... just fooling around
06[08:59] * nemo slaps Threei around a bit with a large trout
[09:00] {fernp} Good morning everybody
[09:01] {Les} hi fern
[09:01] {Threei} fern :)
[09:01] {nemo} any news on mos
[09:02] {Threei} (IN) Canpotex concludes new Q2 supply contract to India covering shipments through June 2010
[09:02] {Threei} - Canpotex's Q2 supply contract to India covering shipments through June 2010 at a contract price of $370.00/MT CFR.
[09:02] {Threei} - This new contract, totalling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.
[09:02] {Threei} - Agrium supplies Canpotex with 9.28% of its potash product, Mosaic 37.11%, and PotashCorp 53.61%.
[09:02] {Threei} - Canpotex is a marketing firm used by three Canadian fertilizer industry members (POT, AGU, and MOS) to negotiate contracts overseas.
[09:04] {Threei} Obama to Rename Iraq Military Mission
[09:04] {nemo} wow...a new name
[09:04] {Threei} oh good, new name is long due, and will materially change everything
[09:05] {Threei} March crude trades back to levels seen before the Discount rate hike above $79 (related USO GLD )
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:17] {nemo} more obscene profits today dino?
[09:17] {dino} one can only hope
[09:18] {i2romantis} morning all
[09:18] {Threei} i2r :)
[09:19] {dino} fsys
[09:19] {dino} slb
[09:20] {dino} apol
[09:20] {dino} esi, etc watch ed's
[09:20] {dino} solar too
[09:20] {Threei} see CSIQ dino?
[09:21] {larisa} gm everybody :)
[09:21] {dino} solar, yes
[09:21] {Threei} larisa :)
[09:21] {ese} just lookin at that dn 2 and change
[09:21] {dino} uthr, somebody new a couple days ago
[09:21] {ese} csiq that is
[09:21] {i2romantis} Dell as well
[09:22] {ese} ya dino....noticed ceco and coco making a move the last couple of days
[09:23] {dino} esi support around 93
[09:23] {Threei} I don't have clear opening plays so far
[09:23] {Threei} this after hours little turmoil and cosequent bounce messed things up a bit
[09:23] {ese} actually ceco made a big move bet is it will pause today
[09:23] {Threei} will wait out a few min after open to see ranges forming
[09:24] {dino} hmmm uthr was approved by us fda in july, seems to be euporean data issue
[09:25] {ese} how did you make out with orly yesterday after i left
[09:25] {dino} wow spam w/cheese
[09:25] {lasertrev} gm
[09:25] {Threei} trev :)
[09:25] {ese} huh
[09:26] {dino} just on cnbc
[09:26] {ese} is that what mags has for breakfast in the morning ....spamw/cheese
[09:27] {ese} thats a shock to the system if i ever heard of one
[09:28] {_jfjf64} mornin all
[09:28] {Threei} jf :)
[09:28] {ese} jf
[09:28] {strider} good morning, everyone.
[09:28] {Threei} strider :)
[09:29] {nemo} ?
[09:29] {dino} watch gaps imo, ndx 1779, s/p 1075
[09:31] {_jfjf64} ty dino
[09:32] {ese} st
[09:32] {dino} ?
[09:32] {nemo} apol down 10%
[09:32] {Threei} CSIQ, let's see if we can find short entry into bounce
[09:33] {Threei} {CSIQ} as if I ever wanted to bounce
[09:34] {Threei} Long Setup: WFC .15 break
[09:34] {Threei} if holding above .05
[09:35] {Threei} 1:1
[09:35] {_jfjf64} ty
[09:36] {Threei} yw
[09:36] {dino} out wfc .30, ty vad
[09:36] {dino} +.15
[09:36] {Threei} :)
[09:36] {_jfjf64} go baby gobaby go
[09:37] {Threei} you remember the routine, right jf?
[09:38] {_jfjf64} ??
[09:38] {Threei} if you are afer more than scalp, partial out around 1:1, trail stop to b/e
[09:39] {ese} L amtd .01
[09:39] {_jfjf64} yup ty
[09:40] {ese} out amtd .10 +.09
[09:40] {Threei} just making sure your Roman Holiday didn't eliminate trading skills altogether {G}
[09:40] {dino} gj
[09:41] {Les} AMLN vad?
[09:42] {_jfjf64} intu .80 break
[09:42] {nemo} big stop
[09:42] {Threei} AMLN if anything is short
[09:43] {Threei} no clear play
[09:43] {Les} ty
[09:43] {Threei} (US) Preview: Q4 Mortgage Delinquencies due out at 10:00ET
[09:43] {Threei} ***no analyst expectations for the Q4 number. In Q3 the delinquency rate rose to 9.64%, the seventh straight rise.
[09:43] {Threei} - with the release of the Q3 data in November, the MBA noted
[09:43] {Threei} they expect unemployment to keeping rising into the first quarter of 2010, which means we will most likely see even higher rates of delinquencies and foreclosures.
[09:45] {dino} uthr sm l .25
[09:46] {dino} stop lod
[09:47] {dino} fsys raises and drops
[09:49] {Les} WFC .15 b/d?
[09:49] {Les} or perhaps .13?
[09:49] {Threei} nsh
[09:49] {ese} L cy .12
[09:49] {Threei} Short Setup: CSIQ .75 break
[09:49] {Threei} half lot
[09:50] {Threei} if stays under .90
[09:50] {nemo} long if breaks .90?
[09:51] {Threei} not by me
[09:51] {nemo} and stays above .80?
[09:51] {ese} out cy .12 -.01....momo stopped
[09:52] {Les} ty dino out uthr +.36
[09:52] {dino} out uthr .86, +.61
[09:54] {Threei} 1 cent shy of 1:1??
[09:54] {Threei} oh well
[09:54] {nemo} yeah, stopped out at .80
[09:55] {dino} gj les
[09:56] {ese} L apol .15
[09:57] {ese} stop.00
[09:57] {billyc} gm all
[09:58] {Threei} billy :)
[09:58] {ese} stopped .99 -.16
[09:58] {ese} thought sure it was gonna keep goin after breaking the highs
[09:58] {Threei} ugh
[09:59] {Threei} XNPT got away, broke .90 while I was stiill thinking whether it was sworthy alert
[10:00] {Threei} *(US) Q4 MORTGAGE DELINQUENCIES: 9.47% V 9.64% PRIOR
[10:02] {ese} was just looking at xnpt vad
[10:02] {ese} gotta be some potential there
[10:02] {ese} short covering for sure
[10:02] {ese} bounce of .90 maybe
[10:03] {Threei} worth try near .90
[10:03] {Threei} Short Setup: PRU .20 half lot
[10:04] {Threei} Mortgages in foreclosure at 4.58% v 4.47% q/q
[10:04] {Threei} - percentage of loans on which foreclosure actions were started at 1.20% v 1.42% q/q
[10:04] {Threei} - Mortgage Bankers Association: 15% of US mortgages were in foreclosure or delinquency (remains a record); with loans 90 days past due arecord
[10:05] {Threei} stop above .30
[10:06] {Threei} Short Setup: HIS .80 break
[10:06] {ese} l sm xnpt 500shs
[10:07] {Threei} srop above .85
[10:07] {ese} .05
[10:07] {strider} HIS?
[10:07] {larisa} HIG you mean?
[10:07] {Threei} grr
[10:07] {Threei} HIG
[10:08] {larisa} these 2 letters are not even next to each other :)
[10:09] {nemo} stopped
[10:09] {Threei} no worky
[10:09] {fernp} stopped
[10:10] {strider} what , PRU?
[10:10] {nemo} yeah, broke .30
[10:10] {strider} was half lot, I'm using higher stop.
[10:11] {nemo} see that green bar that started above the red, if you get a pullback to .25 and it starts back up...get out
[10:11] {fernp} PRU stopped
[10:12] {Threei} DNDN Hearing renewed takeover chatter circulating
[10:12] {Threei} - AZN rumored as a potential acquirer
[10:14] {dino} tlvt
[10:15] {Threei} RIMM Motorola alleges smartphones are infringing patents
[10:16] {strider} stopppede HIG
[10:16] {ese} csiq ...would have been a nice one at 21.13
[10:17] {nemo} market die?
[10:20] {fernp} LVS, Vad? .25 breakout?
[10:21] {_jfjf64} watchin also
[10:21] {ese} L schw .52
[10:21] {Threei} I think so fern
[10:21] {fernp} ty
[10:22] {Threei} weould be nice if held .20
[10:22] {Threei} if drops closer to the next support around .15, I'd rather seek aggressive entry
[10:23] {gen} HAL looks good
[10:23] {Threei} .80 break?
[10:23] {nemo} vwap .16 on lvs,
[10:23] {Threei} and welcome back, gen
[10:24] {gen} ☺
[10:24] {strider} did you bring the tonic with you?
[10:25] {Les} out esi +.29 ty for your list dino
[10:25] {ese} GENNNNNNNNNN
[10:25] {ese} !!!!!!!!!!!!!
[10:25] {dino} gj
[10:26] {dino} tlvt sm l .75
[10:27] {dino} stop .47
[10:30] {ese} 1/2 out schw .56 +.04
[10:31] {dino} gj
[10:32] {ese} ceco on the move again dino
[10:32] {ese} anyone catch it around 21.70
[10:33] {ese} sorry 25.70
[10:33] {dino} swm sm l .no
[10:33] {dino} opps, not in swm, no to ceco
[10:33] {dino} watching swim
[10:34] {Les} WCG
[10:35] {gen} UTHR
[10:35] {_jfjf64} arun .30 break
[10:35] {dino} wcg want zip into hi 25s
[10:36] {Threei} not finding much today
[10:37] {dino} watch these 3i, fsys, wcg, swm, tlvt, orly, cab
[10:37] {Threei} well... those are your style
[10:37] {dino} we missed clw
[10:38] {Threei} except maybe WCG
[10:38] {dino} fsys want double bottom area
[10:38] {dino} wcg feels like games to 25s
[10:40] {Threei} I'd take half lot on .40 break
[10:40] {Threei} if holding .30
[10:41] {dino} wcg?
[10:41] {Threei} yeah
[10:41] {dino} ok
[10:41] {Threei} not holding anywaty, moot point
[10:41] {dino} i want 25.80s
[10:41] {dino} swm higher lows
[10:42] {dino} .48, then. 60, ow .64
[10:43] {nemo} .19 is pivot support for wcg
[10:45] {dino} .75 sm l fsys
[10:45] {gen} AET
[10:46] {nemo} new high spy
[10:46] {nemo} and qs
[10:46] {Threei} Short Setup: VXX .60 break
[10:48] {fernp} stop above .70, no?
[10:48] {dino} ugh swm
[10:48] {Threei} yes
[10:50] {Threei} today seems to be the day for .8:1
[10:51] {Threei} noticed how many of them reverse just couple cents shy of 1:1?
[10:52] {dino} out tlvt .44, +.69
[10:52] {Threei} wtg
[10:52] {dino} ty
[10:52] {Threei} this is your day dino
[10:52] {nemo} obscene
[10:52] {Threei} I'll shy away
[10:52] {Threei} first WFC trade was all I could squeeze out of myself
[10:52] {dino} chaos is my ty;e, those gap up and stasy opens kill me
[10:53] {dino} typos
[10:53] {dino} vxx may work, if we go green
[10:54] {nemo} where are the strikes on the spy and qs?
[10:54] {Les} spy 110
[10:54] {dino} dk nemo, just seems the play 5s and 0s w/lots of stocks
[10:55] {Les} q's 45
[10:55] {nemo} my point, if we're in the area where the majority of options expire worthless, we ain't gonna' move much
[10:55] {dino} 5 and 0, hmm
[10:55] {nemo} see if tvlt holds .90
[10:55] {nemo} tlvt
[10:55] {dino} yeah, imo, most are done by open tho, usually {5 days and in
[10:56] {dino} by open on exp
[10:57] {Les} max pain for spy and q's
[10:57] {gen} UNG short
[10:58] {dino} there is a site for max pain
[10:58] {ese} L xnpt avg price .10
[10:59] {Les}
[11:00] {nemo} how fitting Les came up with that
[11:01] {Les} hmm
[11:01] {Les} couldn't find the max-pain-in-the-butt-with-nemo site :)
[11:01] {Threei} UNG way too narrow gen
[11:01] {nemo} nice
[11:02] {nemo} touche
[11:03] {Threei} very nice on XNPT esew
[11:03] {Les} dino, APOL at 57. A double bottom?
[11:04] {Les} stupid me. course not
[11:04] {Les} bounce
[11:04] {dino} dk, db looks like 54s
[11:04] {dino} 55s
[11:05] {Threei} ITC rules that US companies have been negatively impact by China drill pipe (related X NOV )
[11:05] {dino} and i have been negatively impacted by high taxes
[11:06] {Les} you mean you will be...
[11:06] {Threei} I also hate high-flying CDN
[11:07] {Les} APOL .05 b/d Vad?
[11:07] {strider} out VXX +.03
[11:08] {Threei} I think so Les
[11:08] {Threei} but make a wind correction on me being wrong today more often than not
[11:08] {Les} gotcha
[11:09] {ese} out xnpt .36 +.26 2.5k
[11:09] {Threei} wtg
[11:09] {Threei} ffffff
[11:09] {Threei} ffffff
[11:09] {Threei} ffffffinallly VXX
[11:09] {nemo} there goes vxxx
[11:09] {ese} worked out well.......just trying to make dino proud of me
[11:09] {Les} that's almost equally obscene ese
[11:10] {Threei} OK... that would 2 out of 5 for today for me
[11:10] {ese} out schw remainder .57 +.05
[11:10] {fernp} ty Vad
[11:11] {Threei} all I need is 3-4 more wins, to keep 2 weeks long winning streak uninterrupted
[11:11] {dino} wtg es
[11:11] {Threei} or I can settle for Beattles version
[11:12] {dino} vxx vad, target?
[11:13] {Threei} under .40 to play it safe
[11:13] {Threei} getting a bit extreme
[11:13] {dino} ok, bstop ast .47
[11:13] {dino} at
[11:13] {dino} ty btw
[11:13] {Threei} of course it always can become even extremer so to speak, but I prefer to paly it on safe side today, I am not in the best shape obviously
[11:13] {dino} trying to assimulate your early mornings w/my later day
[11:14] {Threei} welcome sir
[11:14] {dino} have to step it up a bit, r.e. buys
[11:14] {gen} HAL works well
[11:15] {Threei} under .40 VXX
[11:15] {dino} to .40
[11:15] {nemo} I think we're going to have a helluva rally
[11:15] {Threei} as far as I am concerned, play is over
[11:15] {dino} to .30
[11:15] {dino} cov .30, +.30 ty vad
[11:15] {Les} what do you mean?
[11:15] {Les} play is over
[11:15] {Threei} welcome dino
[11:15] {nemo} he's out les
[11:15] {Threei} mean, time to close position
[11:15] {strider} Guess what? Tiger is sorry.
[11:16] {Les} you refering to vxx still?
[11:16] {Threei} all tigers usually are... after dinner
[11:16] {strider} Nobody loves a sinner.......but everyone loves a repentant sinner.
[11:16] {Threei} yes Les
[11:16] {dino} bingo strider
[11:16] {Les} repentance. yes, let's see some tears on screen
[11:16] {Threei} I don't know about first part strider
[11:16] {dino} misery luvs company
[11:16] {Threei} in my sinning days amny seemed to love me
[11:17] {Threei} many
[11:17] {dino} "live in sin, come on in" king
[11:17] {Threei} good one dino... I was trying to remember what it reminded me, you helped :)
[11:18] {dino} tiger's new logo
[11:18] {Les} half out APOL +.14
[11:18] {Threei} Tiger Woods apologies for his actions; says he will go back to treatment tomorrow; will not rule out returning to golf this year (related NKE ERTS )
[11:19] {Les} treatment :)
[11:19] {Les} oh yeh I can see relaxing massages, spa therapy, blond shrink in mini skirt...
[11:19] {Les} stop me now
06[11:20] * nemo slaps Les around a bit with a large large splitting axe
[11:20] {Threei} good one on APOL
[11:20] {Les} there, you are back in form again Nemo
[11:20] {Les} starting to get worried by lack of fish slappings in recent days
[11:21] {dino} gj les
[11:21] {Threei} and yes, I don't believe in notion of sex addiction as a sickness
[11:21] {Threei} total hogwash
[11:21] {dino} nor i
[11:21] {Les} I'm willing to
[11:21] {dino} whatever happened to accepting responsibility.
[11:22] {Les} all out .80 +.25
[11:22] {dino} and, really thinking about tiger, so is not our concern if he wants to fool around
[11:22] {Threei} it got buried in the grave next to its brother Commin Sense
[11:23] {Les} it is your concern dino, this is america we're talking about
[11:23] {Les}
[11:24] {nemo} triple digit green today?
[11:24] {dino} lol
[11:24] {nemo} I'm not kidding
[11:24] {dino} lol was to les
[11:24] {nemo} that would be the most unexpected after Bernanke
[11:24] {Threei} nemo, I think yes but I have to continue saying triple red
[11:24] {dino} triple? best guess flounder between hi and low today
06[11:25] * nemo slaps Threei around a bit with a large broken record
[11:25] {Les} yeh well Asia falling like that made it to convenient
[11:25] {nemo} They absorbed it
[11:28] {Threei} 73% Agree That Washington Is Broken
[11:30] {gen} ZION never stops
[11:30] {nemo} or x
[11:30] {Threei} neither do zionists
[11:31] {Les} WCG .05 b/d Vad?
[11:31] {Threei} not until martix is destroyed
[11:31] {Threei} probably Les... but keep it half lot
[11:32] {fernp} MMM, Vad? .40 b/o?
[11:32] {Threei} scary one fern
[11:32] {fernp} lol, ok
[11:33] {Threei} can drop 20 cents in a blink of eye if rug is pulled
[11:33] {fernp} true
[11:39] {dino} sidetracked here, back in a few
[11:39] {nemo} so, is that a bull flag on the spy?
[11:41] {nemo} wow ree
[11:41] {nemo} cree
[11:42] {gen} AOL
[11:43] {gen} X
[11:46] {ese} Pro D day at my school see ya monday........
[11:48] {Threei} take care ese
[11:48] {fernp} bye ese
[11:57] {gregns} .
[11:59] {nemo} next leg
[11:59] {Les} l apol .21
[12:02] {Threei} I'll abandon VXX short as the way to play market long from now on
[12:02] {Threei} it will be good long on market reversal, but not the other way around anymore
[12:10] {dino} wcg sm ; .00
[12:10] {dino} ave
[12:10] {dino} long
[12:10] {nemo} $ been slowly falling all morning
[12:12] {Les} missed 1:1. out flat apol
[12:13] {dino} you're liking the movers, huh les
[12:14] {Les} yeh but got daughter's cartoon on other screen competing for attention. will give up while I'm ahead
[12:19] {fernp} QGEN, any read Vad?
[12:20] {Threei} I like it for .60 break
[12:20] {Threei} don't expect much from it
[12:20] {Threei} but looks good for a scalp
[12:20] {fernp} five cents?
[12:20] {fernp} ok ty
[12:20] {Threei} maybe 10 if market picks up and makes new highs
[12:21] {dino} wow clw
[12:22] {nemo} not your kind of stock only .06 spread
[12:24] {nemo} amzn dropping
[12:25] {nemo} bounce area
[12:25] {nemo} 200 at .05
[12:25] {nemo} open at .85
[12:32] {Threei} yawn
[12:32] {nemo} lunch time
[12:32] {fernp} CSE good volume
[12:39] {i2romantis} yawn x 2
[12:47] {Threei} wow... that's some serious paralysis
[12:47] {nemo} not for x
[12:48] {larisa} was thinking the same :)
[12:48] {Threei} you two
[12:48] {nemo} about paralysis or X :)
[12:48] {Threei} found one sinjgle moving stock in the whole 3 ewxchanges
[12:48] {larisa} X
[12:48] {Threei} and threw it in my face
[12:48] {nemo} stuck your chin out
[12:49] {nemo} rimm resistance at .65
[12:54] {dino} wow i killed the movement in wcg
[12:54] {nemo} you went in at lunch
[12:55] {dino} yes, but still
[12:55] {nemo} Oh...I get it...Biiiiig Dino thinks he's the reason the stock stopped,
[12:55] {nemo} amzn sudden drop
[12:56] {nemo} well...rimm has to make a decision soon
[12:58] {Threei} BRK.B moves too
[12:58] {Threei} there... found second one
[12:58] {nemo} cree
[13:00] {Threei} (CA) Senior Canadian official: Canada to oppose G20 plans to put a global bank tax in place; not opposed to bank tax in other countries, but will not impose one in Canada (related USD/CAD )
[13:00] {Threei} I am proud
[13:01] {larisa} then it would not be global, right ? :)
[13:01] {dino} i am moving to canada
[13:01] {Threei} Canada is saying "we want another globe" Larisa
[13:02] {Threei} Market Internals update at 12:00pmET
[13:02] {Threei} - NYSE volume 515M shares, about 19% above its three-month average; advancers lead decliners by 1.4:1.
[13:02] {Threei} - NASDAQ volume 925M shares, about 1% below its three-month average; advancers lead decliners by 1.1:1.
[13:02] {Threei} - VIX index -2% to just over 20.00
[13:02] {Threei} - Note: Today is options expiration
[13:02] {Threei} VIC is getting extreme again
[13:02] {Threei} VIX
[13:03] {Threei} ECB's Wellink: Basell II needs changes; the urgency for financial reform has ebbed but it is still necessary
[13:03] {Threei} heh
[13:04] {Threei} Long Setup: VXX .25 break
[13:05] {dino} these guys are idiots, if the regulators enforced the rules they would not have had the problem
[13:05] {dino} thery just don't get it
[13:05] {nemo} yeah, but by passing new ones they look like they're doing something
[13:05] {nemo} and then don't have to
[13:06] {fernp} stop under .20, no?
[13:06] {dino} the contrarian in me says we have too many rules already
[13:06] {dino} just let the failures, fail
[13:06] {nemo} I'm with you Dino, rules are talk and that's what bureaucrats and politicians do best
[13:06] {dino} agreed
[13:07] {Threei} I'd keep it under day's low
[13:07] {dino} they say these new rules, but fnm, fre have gone back to almost zero down again....uhhhhh
[13:07] {fernp} ok .17 stop
[13:09] {nemo} you can do a .175 cover :)
[13:13] {nemo} $ dropping
[13:14] {Threei} should jump over .30
[13:21] {fernp} out here, ty Vad, lunchtime
[13:21] {fernp} .32
[13:21] {strider} lunchtime????
[13:22] {Threei} :)
[13:23] {strider} he must have a date with a rosebush.
[13:24] {Threei} here we go
[13:24] {Threei} 1:1
[13:25] {Threei} 3 for 6, even for the day
[13:27] {_jfjf64} you movin stop up vad
[13:28] {Threei} just took scalp jf
[13:28] {Threei} it's like pulling teeth today
[13:28] {_jfjf64} ty me too lol
[13:28] {Threei} don't want to get stuck
[13:29] {Les} csiq 21 break?
[13:30] {Les} l csiq .01
[13:33] {Threei} can't make up my mind on it Les
[13:33] {Les} neither can csiq
[13:34] {Threei} larisa, close your eyes for a second
[13:34] {Threei} guess who is on TV!
[13:34] {nemo} Catherine McCormack
[13:37] {Les} I saw a pretty woman today in UK film awards, damn can't remember her name
[13:37] {nemo} oh
[13:37] {Les} got it
[13:37] {Les} Carey Mulligan
[13:40] {larisa} when brunnete she looks a lot like Katie Holmes
[13:40] {i2romantis} XNPT on the move
[13:41] {Les} enjoyed her in Bleak House - adaption of Dicken's novel
[13:42] {nemo} amzn lod
[13:43] {nemo} not quite but getting there
[13:51] {Les} stopped csiq
[13:56] {Threei} XNPT quite a move
[13:58] {_jfjf64} yup
[13:59] {_jfjf64} vxx .40 break vad
[13:59] {Threei} better try to get in on pullback
[13:59] {Threei} way safer with VXX
[14:00] {Threei} here it comes
[14:00] {_jfjf64} hmm
[14:00] {Threei} take first strength
[14:01] {Threei} .26
[14:01] {Threei} srop under .20
[14:01] {Threei} stop too
[14:02] {Threei} whatever happens, see how muvh safer it is
[14:02] {dino} qnst
[14:02] {Threei} you buy the pause on sharp drop into support
[14:02] {_jfjf64} y
[14:02] {Threei} stop is very tight
[14:02] {dino} nah
[14:02] {Threei} idds are much better
[14:03] {Threei} odds too
[14:03] {Les} I liked idds
[14:03] {Threei} and as it bounces, you get 1:1 and more as it merely approaches that .40 resistance
[14:04] {_jfjf64} promise
[14:07] {_jfjf64} lets go
[14:07] {Threei} {VXX} yes sir
[14:08] {Threei} {VXX} how high sir?
[14:08] {_jfjf64} .40 .40
[14:10] {Les} no i'll take .60 -.80
[14:11] {Threei} 1:1
[14:12] {Les} done ty
[14:12] {Threei} half out for me
[14:12] {Threei} srop to .24
[14:12] {_jfjf64} me tooooooooooooooooo
[14:12] {Threei} will try to milk this one
[14:13] {Threei} perfect plan perfectly executed if I may sat so
[14:13] {_jfjf64} sounds lk plan
[14:13] {Les} that was a textbook drop into support
[14:14] {Threei} and we were right there anrticvipating it and exploiting it
[14:14] {_jfjf64} seems lk i never was gone
[14:14] {Threei} :)
[14:15] {i2romantis} XNPT is still running, nice
[14:15] {Threei} staing on my normal humble message, gotta say, I am proud of how I handled this day
[14:15] {Threei} patiently waiting pout period os stops, filling the hole and getting pout of it
[14:16] {i2romantis} XNPT was a god's gift today
[14:16] {i2romantis} for me
[14:16] {Threei} :)
[14:16] {_jfjf64} yes vodka in left hand mouse in right good job
[14:16] {Threei} eqzaktly
[14:16] {Les} damn it. that's two days in a row the best trade has come during lunch break
[14:17] {Threei} most of satisfaction in this VXX entry comes from fact that we found the way to stay with smart money
[14:18] {Threei} while amaterurs were trying to buy the break and smart money were shakling them out, we got in at the exacr end of that shakeout
[14:18] {dino} gj
[14:19] {Threei} 4 for 7
[14:19] {Threei} back in black
[14:19] {dino} 4/4 w 2 still on
[14:19] {Threei} you are phenomenal today dino
[14:19] {Threei} your day
[14:19] {dino} 2 wins of the 4 were your calls
[14:20] {Threei} good selection, lol
[14:26] {dino} lol checked yesterday, 8 of 12, but wed only 5 of 10
[14:27] {Les} REGN .68 b/o vad?
[14:28] {Les} actually no
[14:29] {Les} running straight into yesterdays low
[14:29] {Les} b/d rather
[14:30] {Threei} I am thoroughly confused, so I'll have to say, I don't see any play in it, either side
[14:31] {Threei} US DOJ files Supreme Court appeal seeking to revive tobacco racketeering case over $280B in payments
[14:31] {Threei} - requests that the Supreme Court uphold the qutting smokg and public education remedies
[14:31] {Les} that's alright, just leave me alone in my little world please
[14:31] {Threei} no problem at all - as long as no one ruins mine
[14:36] {Les} APOL .90 b/d?
[14:36] {i2romantis} XNPT
[14:38] {Threei} can't tell Les
[14:38] {Les} I liked it until it bounced back
[14:40] {i2romantis} There's a rumor on XNPT that seems to be real
[14:40] {nemo} a real rumor or a rumor that's true
[14:40] {nemo} thus not a rumor
[14:40] {nemo} I think I better get a drink
[14:41] {Threei} nothing on the wire
[14:41] {i2romantis} not real until proven not a rumor :)
[14:41] {Threei} if it's on some message board, well... they cook them eright there :)
[14:42] {Les} haha the message board. I learnt well the message board universe playing SPNG
[14:43] {Les} only thing seperating those loonies from me is Vad's wisdom
[14:43] {Threei} wisdom eh
[14:44] {i2romantis} :)
[14:44] {Les} can't think of anything else
06[14:44] * Threei assumes a famous Rodin sculpture position... Thin... Think... hard to even type that... THINKER! there
[14:45] {Les} APOL back to .90. this setup any better?
[14:46] {Threei} a bit, yeah
[14:47] {Threei} not ny much but
[14:47] {Threei} first one was 50/50, this is 51/49
[14:47] {Les} ;) friday night casino. why not...
[14:47] {Threei} if you feel like it
[14:47] {Threei} I worked way too hard to save this day
[14:48] {Threei} don't want to ruin it
[14:51] {i2romantis} That's why it was a god's gift, Vad, for me
[14:51] {i2romantis} when I say that, it means I was a bad boy today, going against the plan
[14:51] {i2romantis} but glad to have saved the day
[14:52] {i2romantis} wondering where XNPT is going to finish today, I'm feeling like I'm spamming here :)
[14:52] {Les} APOL with 6 cent stop now. can't get better than that
[14:52] {Threei} lol, who
[14:52] {Threei} us?
[14:52] {Threei} we are not spammable
[14:53] {strider} GET GREAT DEALS ON VIAGRA NOW!
[14:53] {Les} really. where?
[14:54] {strider} Follow the yellow brick road.
[14:54] {Les} laughed to read that prostitutes in Swiss canton next to Milan learning to use defibrillators
[14:55] {Les} old italian men come from italy where brothels are illegal
[14:55] {Les} sexed up with viagra
[14:55] {nemo} don't want customers coming and going
[14:55] {Threei} well, with aging population and all...
[14:55] {Les} too many have heart attacks while in situ
[14:55] {nemo} great way to go
[15:02] {Threei} ...aaand, guess who is back on TV
[15:02] {Les} Larisa's right
[15:03] {dino} darth vader?
[15:03] {strider} Haile Selassie?
[15:03] {nemo} sophie marceau
[15:03] {Les} Selma Blair
[15:03] {nemo} yech
[15:04] {Threei} about what les?
[15:04] {Les} need a new game
[15:04] {Threei} careful
[15:04] {Threei} larisa gets away with a lot of things you won't
[15:05] {Les} crap. Larisa's not here to back me up.
[15:05] {Les} ok. I take it back
[15:05] {Threei} you better - especially considering that you offer your gusses
[15:06] {Les} I'm pretty desperate for names. gotta check DVD's scattered around living room for names
[15:06] {Les} don't know the tv soapie stars
[15:07] {Les} crap. apol broke while I was blathering
[15:07] {Les} 1:1
[15:07] {i2romantis} done for the day, lots of sun outside, gotta go enjoy Olympics
[15:07] {i2romantis} cheers to everyone and see you next week
[15:07] {Les} ciao
[15:08] {dino} cya i2r
[15:08] {fernp} bye i2r
[15:09] {dino} the guy tlks and the mkt drops
[15:10] {Threei} take care i2r
[15:10] {Threei} enjoy the weekend, weather is fantastic
[15:35] {Threei} SEC reportedly considering certain restrictions on stocks assuming they decline by a defined percent - unconfirmed report
[15:35] {Threei} - SEC evaluating additional short sale restrictions
[15:35] {Threei} imbeciles
[15:35] {nemo} they know it's coming
[15:36] {Les} how long did you suffer that in 2008?
[15:36] {Les} no shorting
[15:37] {dino} two months i think
[15:37] {nemo} on financials
[15:37] {dino} and ironically, the stocks droped like crazy
[15:37] {nemo} not ironically, nobody wanted to buy, could only sell
[15:37] {dino} no shorts=no covering= no buyers on drops
[15:38] {Les} no one could offload their finnie stocks
[15:38] {Les} haha a$$holes
[15:42] {dino} obama goes off tv, mkt up
[15:42] {_jfjf64} joke
[15:48] {Les} covered GG +.13
[15:49] {Les} FSYS just so has to die
[15:49] {dino} would like out flat
[15:50] {dino} wcg working
[15:50] {Les} ditto
[15:52] {Threei} okay guys, let's call it a day
[15:52] {nemo} c u later
[15:52] {Threei} somehow this week was a bit tiring
[15:52] {Les} okay. ty ciao. bon weekend
[15:52] {_jfjf64} good weekend all
[15:52] {Threei} worked out well but took considerable teeth-pulling
[15:52] {Threei} have a great weekend, see you all on Monday
[15:53] {dino} out wcg .26, +.26
[15:54] {dino} out fsys -.15
[15:54] {dino} agreed vad, calling it a week
[15:54] {dino} thx all, some really good ideas, appreciate it
[15:56] {dino} les, keep most on watch list
[15:56] {dino} gn
[15:57] {fernp} have a great weekend everybody. See you all on monday

Thursday, February 18, 2010

Feb 18 2010

The day started with two stops, 10 and 6 cents on NVDA and CAT. After some boredom and regrouping 4 wins in a row took us into black: NVDA and FAZ longs and VXX and AMLN shorts. That all was on top of profitable TM overnight short closed for nice profit before open.

Session Time: Thu Feb 18 00:00:00 2010

[08:30] {nemo} bad jobs and cpi?
[08:36] {Threei} *(US) INITIAL JOBLESS CLAIMS: 473K V 438KE; CONTINUING CLAIMS: 4.563M V 4.500ME
[08:36] {Threei} - Prior Initial Claims revised higher from 440K to 442K
[08:36] {Threei} - Prior Continuing Claims revised from 4.538M to 4.563M
[08:38] {Threei} *(US) JAN PRODUCER PRICES INDEX M/M: 1.4% V 0.8%E; PPI EX FOOD&ENERGY M/M: 0.3% V 0.1%E
[08:38] {Threei} - PPI YoY: 4.6% v 4.4%e
[08:38] {nemo} here it comes stagflation
[08:39] {Les} PPI? price _____ inflation?
[08:39] {Les} GM
[08:39] {nemo} producer price index, those costs eventually have to work their way through
[08:39] {Les} ok
[08:40] {Threei} and cpi - consumer price index
[08:40] {Les} yeh just made the connection
[08:45] {fernp} Good morning everybody
[08:46] {nemo} hola
[08:46] {fernp} nemo :-)
[08:48] {Les} hi fern
[08:49] {Les} TM made a good overnight short.
[08:49] {nemo} amzn at yesterdays lows
[08:49] {nemo} fcx too
[08:50] {nemo} rimm at yesterday's open
[08:51] {Threei} fern :)
[08:56] {Threei} covered TM
[08:56] {Threei} +.40
[09:03] {Les} you did take some did you? cool
[09:03] {Threei} [15:44] {Threei} am so tempted to take TM short home
[09:03] {Threei} [15:45] {Threei} and CYCC long
[09:03] {Threei} [15:57] {Threei} skipping CYCC
[09:03] {Threei} [15:57] {Threei} taking a little TM
[09:04] {Threei} both decisions proved correct
[09:04] {Les} ok
[09:06] {ese} morning
[09:06] {nemo} dude
[09:06] {Threei} ese :)
[09:06] {ese} dude
[09:06] {Les} curious about NTES. tracked sideways yesterdays. testing 200ma resistance on daily. wondering if its a breakout candidate
[09:06] {Les} hi ese
[09:06] {ese} les
[09:06] {ese} vad
[09:07] {Threei} it drifted up on decreasing volume Les...
[09:08] {Threei} I suspect it was simply lifted a bit by market, and barely reached ots high from two days ago, while market broke it
[09:08] {Threei} so I'd have to say no, it's more likely to fizzle out
[09:09] {Les} ok thanks
[09:10] {i2romantis} morning all :)
[09:10] {Threei} i2r :)
[09:11] {ese} i2
[09:11] {larisa} gm everybody :)
[09:11] {Threei} larisa :)
[09:12] {larisa} vad :)
[09:12] {nemo} lari :)
[09:12] {nemo} I2
[09:12] {larisa} :)
[09:12] {i2romantis} :)
[09:12] {ese} larisa
[09:13] {ese} vad your looking at anything in particular this morning
[09:13] {ese} you
[09:13] {Threei} usual suspects only, nothing stands out
[09:13] {i2romantis} Vad, what do you think about NVDA?
[09:14] {Threei} NVIDIA Corp Reports Q4 $0.23 v $0.20e, R $982M v $960Me
[09:14] {Threei} - Guides Q1 Rev flat q/q (implies $982M v $930Me)
[09:14] {Threei} - Guides Q1 gross margin 44-45%
[09:14] {Threei} - Q4 gross margin 44.7% v 29.4% y/y
[09:14] {Threei} NVDA Price Target raised to $23 from $20 at Thomas Weisel, maintains Overweight rating
[09:14] {Threei} and it drops?
[09:15] {Threei} this looks very familiar
[09:15] {Threei} and doesn't promise anything good for the nearest time
[09:15] {Threei} we saw quite a few of these lately: gpood reports, upgrades and drop
[09:15] {Threei} witnedd AMSC
[09:15] {Threei} RIGL
[09:15] {Threei} witness too
[09:16] {Threei} - CEO: "NVIDIA's business continued to accelerate in the fourth quarter, with strong demand in our PC and workstation market. While the yield of chips made using the latest 40nm process has improved significantly, demand continues to exceed our constrained supply. Looking ahead this year, we are excited to raise the bar again with our next-generation Fermi GPU architecture; our Tegra mobile processor will enable a new class of amazing mobile devices like tablets; and our 3D Vision glasses and accompanying technology will bring a whole new dimension to personal computing."
[09:17] {i2romantis} ok
[09:17] {Threei} NVDA is not as extreme case as AMSC, most likely it's simply dropped with market... nonetheless, inability to hold oin good announcement is to be respected
[09:17] {Threei} covered my TM too soon eh
[09:18] {Threei} RU) S&P Comments On Russia's Banking Sector And Inflation
[09:18] {Threei} - Double-digit inflation has become the norm over the years, so recent consumer price data showing a slowdown have raised fundamental questions.
[09:21] {dino} gm all
[09:21] {Threei} dino :)
[09:22] {dino} :)
[09:22] {Threei} strider :)
[09:22] {Threei} (pre-emptive greeting)
[09:22] {strider} hey there.....
[09:22] {strider} late this morning.
[09:22] {Threei} awww... a bit more patience and I could have full dollar on TM short
[09:22] {Threei} patience was never my strong suite eh
[09:23] {nemo} thank god for her
[09:24] {dino} lol
[09:25] {nemo} mmmhhh C&H on FAS?
[09:26] {Threei} as much as you can trust pre-market formations...
[09:26] {Threei} which is to say, not much
[09:27] {nemo} it invalidated looking for support at .50
[09:28] {dino} ouch xnpt
[09:29] {dino} wcg
[09:30] {_jfjf64} mornin all
[09:30] {Threei} jf :)
[09:30] {dino} aap
[09:31] {Threei} XNPT FDA response letter
[09:31] {Threei} zillion downgrades
[09:32] {lasertrev} morning
[09:32] {dino} b'zillion
[09:32] {_jfjf64} rimm
[09:32] {Threei} trev :)
[09:32] {nemo} yeah, verticle
[09:32] {nemo} cal
[09:33] {Threei} RIMM should pull back now
[09:33] {fernp} NVDA, Vad bounce?
[09:33] {Threei} not yet
[09:33] {fernp} ok
[09:34] {Threei} RIMM is likely long near .40 - .50
[09:35] {Threei} NVDA, note the high of this bounce, let's see if we catch double bottom
[09:35] {dino} hmmm bad news is good for mkt so far
[09:36] {Threei} no pullback RIMM
[09:36] {_jfjf64} nope
[09:37] {nemo} gap at 71
[09:37] {_jfjf64} whats plan b
[09:37] {nemo} go long
[09:37] {Les} you got a read on WCG Vad?
[09:37] {Threei} I'd hate to buy breakout on it here, jf
[09:38] {Threei} WCG no, too jumpy
[09:38] {Threei} dino's stock
[09:38] {dino} like to see double bottom
[09:38] {Les} yeh been waiting for him to enter :)
[09:39] {Les} ok
[09:39] {Threei} here comes NVDA pullback
[09:39] {Threei} try to get in as close to .50 as possible
[09:39] {dino} imo around 28 if gets there
[09:40] {Threei} with stop under .45
[09:40] {dino} mkt randon dancing
[09:40] {Threei} on .55
[09:40] {Threei} in
[09:42] {Threei} doesn't look promising
[09:42] {dino} stop is .43
[09:44] {Threei} RIMM finally pulling back
[09:44] {Threei} (US) Preview: Feb Philadelphia Fed due out at 10:00ET
[09:44] {Threei} **consensus expectations: 17.0e v 15.2 prior
[09:44] {Threei} US) Preview: Jan Leading Indicators due out at 10:00ET
[09:44] {Threei} ***consensus expectation: 0.5%e v 1.1% prior
[09:44] {dino} wcg sm l .00
[09:44] {Threei} NVDA stop
[09:45] {dino} stop lod
[09:45] {dino} nvda stopped
[09:45] {nemo} bye bye
[09:45] {fernp} NVDA stopped
[09:45] {nemo} support at .35
[09:45] {ese} dino orly.....have a look
[09:45] {Threei} RIMM
[09:45] {Threei} too fast to alert... took .60
[09:46] {Les} stopped and went short for +.09 on nvda
[09:46] {ese} Q a .01
[09:46] {_jfjf64} nice job
[09:46] {Threei} NVDA pretty much gets this look of "endless selling pressure"
[09:46] {nemo} huge volume right here
[09:47] {dino} like it
[09:47] {dino} orly
[09:47] {dino} aap same industry
[09:47] {ese} just looked at that also
[09:47] {Threei} Short Setup: TM .50 break half lot
[09:48] {Threei} ugh... late
[09:48] {ese} L orly .11
[09:48] {Threei} ok, same setup, if holding under .65
[09:49] {Threei} invalidated
[09:49] {nemo} look for it to pullback at .80
[09:50] {dino} orly sm l .20
[09:51] {ese} out orly .22 =.10
[09:51] {ese} +.11
[09:51] {dino} gj
[09:51] {_jfjf64} nice
[09:52] {ese} tks
[09:52] {ese} aap
[09:52] {Les} s xnpt .64
[09:52] {Threei} anyone caught RIMM?
[09:52] {dino} giddy-up
[09:52] {ese} you thinkin anything there dino
[09:52] {ese} .00 break
[09:53] {ese} ?
[09:53] {dino} wcg .39 was last hi
[09:53] {dino} rimm, no es, hate it
[09:54] {ese} thats good enough for me if you hate it
[09:55] {Threei} Long Setup: CAT .80 break
[09:55] {Threei} if stays above .75
[09:55] {dino} nvda l .50
[09:56] {dino} out wcg .49, +.49
[09:56] {Threei} no go CAT
[09:56] {fernp} CAT stopped
[09:56] {Threei} backing off, 4 min till numbers
[10:00] {Les} stpped xnpt
[10:00] {Threei} US) JAN LEADING INDICATORS: 0.3% V 0.5%
[10:00] {dino} gutsy les
[10:00] {Threei} *(US) FEB PHILADELPHIA FED INDEX: 17.6 V 17.0E
[10:00] {Les} missed open break low at .80. thought it would go lower
[10:01] {dino} i understand, gutsy imo to short something down 13 bucks
[10:01] {Les} .40 b/d on NVDA?
[10:02] {Threei} COIN Targets 75 Percent Increase in Food Waste Processing at Woodbridge Plant
[10:02] {dino} ugh ecg
[10:02] {Threei} can't tell on NVDA
[10:02] {dino} wcg
[10:02] {nemo} market o.k. with those numbers
[10:02] {nemo} rally back on
[10:03] {ese} orly nice move
[10:03] {dino} ty es
[10:03] {Les} double top wcg dino?
[10:04] {dino} dk
[10:04] {dino} breath drop then up imo
[10:04] {dino} out orly .40, +.20
[10:04] {dino} ty es
[10:06] {dino} wcg drops
[10:06] {ese} nice one dino
[10:07] {ese} L stx .05
[10:09] {dino} :)
[10:09] {dino} out nvda .62, +.12
[10:10] {ese} out stx .12 +.07
[10:11] {dino} gj
[10:11] {ese} tks....
[10:12] {ese} orly could keep going dino
[10:12] {ese} almost at high of day
[10:13] {dino} they all float down here
[10:14] {dino} wcg
[10:14] {nemo} day before op ex...probably big
[10:15] {dino} should breathe
[10:15] {nemo} triple digit green :)
[10:16] {ese} would appear that i underestimated stx
[10:16] {Les} NVDA .65 b/o?
[10:17] {ese} just didn't have vads T&S intensity
[10:17] {dino} wcg sm l .10
[10:18] {dino} stop is .88
[10:19] {ese} i missed that dino ...nice
[10:20] {dino} so far
[10:20] {dino} orly drop
[10:20] {Threei} YHOO MSFT receives anti trust approval from EU on internet search deal; as expected (related MSFT )
[10:22] {dino} wcg out flat
[10:23] {dino} retest imo
[10:23] {Threei} somewhat disconnected day, no rythm to the movements
[10:23] {dino} tricked me
[10:23] {dino} random dance day
[10:24] {dino} cab
[10:24] {Les} yeh. NVDA made 1:1 before falling back. out flat
[10:24] {_jfjf64} hv a vodka will mk all betterr
[10:24] {dino} have two
[10:25] {Threei} 34% Favor Raising Taxes On Those Making More Than $100,000
[10:25] {Threei} 66% favor shooting 34%
[10:26] {_jfjf64} bet ya those 34%mk 25000 yr
[10:26] {Threei} if that
[10:26] {dino} indeed jf
[10:27] {dino} ironically lowering taxes would spur growth
[10:27] {_jfjf64} indeed dino
[10:27] {Threei} right way to present the funding would be: 100% of those making less than 80K favor raising taxes on those making more than 100K
[10:27] {dino} they are going back to the 70s thinking
[10:28] {_jfjf64} by the way how obama stimulas doing
[10:28] {fernp} HA, any read Vad?
[10:28] {_jfjf64} kgc .05 break
[10:29] {Threei} 35% Say Stimulus Has Helped Economy, 33% Say It Has Hurt
[10:29] {_jfjf64} and
[10:29] {Threei} chart is right fern.. thin
[10:29] {fernp} true, ty
[10:29] {Threei} hard to tell
[10:31] {dino} mkt drop
[10:31] {fernp} UAUA breakdown, Vad?
[10:31] {_jfjf64} in
[10:31] {fernp} cant short UAUA
[10:32] {Threei} was shortable yesterday
[10:32] {Threei} really can't twell
[10:32] {Threei} it doesn't seem to work on breakdowns
[10:32] {Threei} rather drops off stalls at the high
[10:33] {ese} screens going red
[10:33] {fernp} cannot short as per sec! why "as per sec"? lol
[10:33] {Threei} we are going for triple digit red close, didn't you hear ese?
[10:33] {nemo} tht was yesterday
[10:33] {Threei} just an euphemism for "no inventory" fern
[10:34] {Threei} since SEC forbids shorting when not having shares
[10:34] {fernp} ok
[10:34] {Threei} it's every day nemo,... until comes true
[10:35] {Threei} AIG Fitch downgrades ILFC's rating two notches to BB+ from BBB (now junk status)
[10:35] {Threei} they mean AIG ever wasn't junk?
[10:35] {ese} ahhhhhhh the ole triple digit red close.........nudge nudge wink wink
[10:36] {Threei} hmmm... how did you manage to make it sound dirty?? :)
[10:37] {nemo} Monty Python
[10:37] {ese} well.......let me tell ya a all began in a smaalll toon
[10:37] {_jfjf64} comon kgc
[10:38] {_jfjf64} 1/1
[10:38] {_jfjf64} half out
[10:38] {dino} wcg sm l .87
[10:39] {dino} stop .59
[10:39] {Threei} good one jf
[10:39] {Threei} getting back into shape eh?
[10:39] {_jfjf64} yup
[10:40] {dino} gj
[10:40] {_jfjf64} out ty
[10:43] {ese} L stx .06
[10:44] {ese} fishing here a little ....we'll see what happens
[10:45] {ese} stop .94
[10:45] {ese} sm 1k
[10:46] {_jfjf64} 1k tip money for ya ese
[10:46] {ese} ahhhhh why yes it is..........why do you ask? hmmmmmmmm
[10:46] {_jfjf64} lol
[10:47] {Threei} NVDA
[10:47] {Threei} seems to be good for scalp
[10:48] {Threei} .55 - .56
[10:48] {Threei} stop under .50
[10:49] {fernp} FITB short, vad?
[10:50] {Threei} way too narrow
[10:50] {fernp} ok
[10:50] {Threei} NVDA 1:1
[10:51] {Threei} 1 stop is remedied so to speak
[10:51] {Threei} SEED Hearing takeover chatter circulating
[10:51] {Threei} - Brazil's Cosan rumored as a possible acquirer.
[10:52] {ese} if Q's can't break out above .69 i'm out there won't be enough momo
[10:53] {dino} orly es
[10:56] {dino} cab lod
[10:56] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00ET
[10:56] {Threei} **consensus expectations:
[10:56] {Threei} Crude: +1.7Me
[10:56] {Threei} Gasoline: +1.5Me
[10:56] {Threei} Distillate: -1.6Me
[10:57] {ese} i'll take that out stx .18 +.12
[10:57] {ese} will take a look at orly dino
[10:57] {dino} gj
[10:57] {_jfjf64} nvda ty vadd
[10:57] {Threei} 1:2
[10:57] {Threei} welcome sir
[10:58] {dino} ndx hod
[10:58] {dino} cab sm l .50
[10:58] {Threei} I know why we don't get trople digit red close
[10:58] {Threei} it's dino and larisa's fault
[10:58] {ese} what are you thinkin with orly dino
[10:59] {dino} long at .00
[10:59] {ese} bounce at .00
[10:59] {ese} just what i was thinkin
[10:59] {dino} wait
[10:59] {ese} momo is still dn......
[11:00] {ese} thinkin alike
[11:00] {Threei} *DOE CRUDE: +3.1M V +1.7ME; GASOLINE:+1.6M V +1.5ME; DISTILLATE: -2.9M V -1.6ME
[11:00] {ese} ya it has to reverse
[11:00] {dino} .80 should hold
[11:01] {ese} ya am gonna need to see a high low of some kind i think
[11:01] {nemo} .75
[11:01] {nemo} maybe the bottom of that tail
[11:01] {ese} higher low
[11:04] {dino} hmmm
[11:06] {Threei} market is rewady to reverse down here
[11:07] {nemo} arabic?
[11:08] {Threei} Long Setup: FAZ .80 break
[11:08] {Threei} scalp only
[11:09] {_jfjf64} stop
[11:09] {_jfjf64} at
[11:09] {_jfjf64} .75
[11:09] {Threei} two versions of stop:
[11:09] {Threei} under .70 for "normal" scalpers,
[11:10] {Threei} under .75 for extreme ones
[11:10] {Threei} if sets up not losing .75
[11:10] {nemo} usl still up after those oil numbers
[11:12] {ese} question....don't gold stocks normally move opposite the mrkt?
[11:12] {Threei} not necessary
[11:12] {Threei} this relation is ever changing
[11:12] {dino} watch dollar on gold reverse
[11:12] {Threei} lately they tend to move togather
[11:12] {ese} whats the symbol for that dino
[11:13] {ese} ya thats what i thought vad.....they've been moving together lately
[11:15] {Threei} FAZ spiked into resistance a bit too vertically
[11:15] {dino} uup
[11:15] {nemo} orly bounced at .75 but not sure yet
[11:15] {Threei} .75 break was better idea but happened too fast
[11:15] {dino} waiting
[11:15] {nemo} volume coming in
[11:16] {Threei} I'd prefer FAZ to pull back a little one more time, and hold above .75 to reestablish setup
[11:16] {Threei} yes, like this
[11:17] {Threei} liking the break again
[11:17] {ese} L auy .85
[11:18] {dino} xnpt lod
[11:19] {Threei} one look at XNPT daily should be enough to cure the desire to be, as magoo called them, an "inwestor"
[11:20] {Threei} just imagine a holder waking up today and seeing the quote
[11:20] {ese} wow no kidding.....
[11:20] {Threei} sheer disbelief... then blinding pain
[11:20] {nemo} marriage?
[11:20] {Threei} then beam of hope - "my quotes must be wrong"
[11:20] {dino} 5.95 area gut
[11:21] {Threei} then reading the news
[11:21] {Threei} conversing with other holders and drowning the pain in useless bitching about "crooks everywhere, they are after us, FDA, marketmakers etc"
[11:22] {nemo} schadenfreude Vad?
[11:22] {Threei} beam of hope: "oh it's so undervalued now, just consider it a gift and buy more"
[11:22] {Threei} did I mention more pain?
[11:22] {nemo} boy is really on a roll...
[11:22] {Threei} hehe
[11:23] {Threei} just saw it so many times
[11:23] {Threei} and experienced once
[11:23] {ese} nemo.......just saw your comment........thats funny man!
[11:23] {nemo} have my moments...
[11:24] {Threei} and no, not deriving any pleasure from it
[11:24] {dino} lol
[11:24] {nemo} nah...
[11:24] {Threei} rather feel for those who get caught
[11:24] {dino} clw
[11:24] {nemo} yeah you feel..."haha! suckers! it's your turn..."
[11:25] {ese} i take it you have some experience seem to be coming from an exacting point of view
[11:25] {Threei} I mean, 13 years later I still remember the symbol of the stock that did just this to me
[11:25] {ese} me as well
[11:25] {nemo} dino, think one more flush on orly then break?
[11:25] {Threei} but in retrospection, I am thankful to it
[11:26] {Threei} it sealed my resolve to be a short term trader, and it taught me all-important lesson
[11:26] {Threei} trade what you see, not what you think
[11:27] {Threei} FCX
[11:27] {Threei} Freeport McMoran Copper & Gold Inc Ticking lower; hearing vague chatter of a possible secondary offering
[11:27] {Threei} - Follow Up: hearing Dahlman Rose defending stock; skeptical on possible secondary; currently rates FCX at a Buy
[11:27] {nemo} fcx is up 1.25
[11:28] {dino} wcg stopped, -.29, dumb trade of the day, had .40 on it
[11:30] {dino} clw to 50 strike, the games we play
[11:30] {nemo} getting volume in orly
[11:30] {nemo} looks like they're trying to sell it down, but it's holding
[11:31] {Threei} small plane crashes into building in Austin
[11:31] {Threei} what the deuce
[11:31] {Threei} third in as many days
[11:32] {larisa} pilot was XNPT investor?
[11:32] {Threei} and I am being called nasty?
[11:32] {Threei} by the way by this same girl
[11:32] {nemo} oops...orly broke support
[11:33] {Threei} MGM Expect Las Vegas room rates to remain soft in Q1
[11:34] {Threei} remain? how come they all claim rates are "soft" but I don't seem to be able to get any significant discount?
[11:34] {dino} ahh, you sure thats what they meant
[11:34] {larisa} you going to Vegas vad?
[11:34] {Threei} they sofrly charge you more?
[11:35] {Threei} no, had a long weekend in the fall when a few friends from different cities tried to plan a get-together there
[11:35] {Threei} it fell apart for other reasons,
[11:36] {Threei} but while planning was underway, research didn't yeild any significant savings vs normal prices
[11:36] {Threei} Small plane crashes into Austin, Texas building; reportedly building housed an FBI field office
[11:36] {Threei} - firefighters are on the scene.
[11:36] {Threei} well, unless you agree on Circus Circus that is... which I don't
[11:37] {larisa} X was too slow at the top, did not take 51.10 short.
[11:37] {Threei} finally FAZ... took its sweet time
[11:38] {Threei} - follow up: subsequent reports state the building is next to the local FBI headquarters building.
[11:38] {Threei} 1:1
[11:38] {Threei} I am out FAZ
[11:38] {Threei} second stop is take back
[11:38] {Threei} flat for the day
[11:38] {fernp} +4 here :-)
[11:39] {Threei} +$4?
[11:39] {fernp} yup
[11:39] {Threei} well, you do know what you can't do, right?
[11:39] {Threei} by no means spend it all at once, lest you cause hypwerinflation singlehandedly
[11:39] {fernp} yeah, lol
[11:43] {dino} wcg rinsed
[11:45] {nemo} orly at resistance
[11:45] {dino} clw wow
[11:46] {dino} orly sm l .75 stop .44
[11:46] {dino} clw waiting lower, 47.70s
[11:50] {strider} TM reverse c&h
[11:54] {dino} clw hmmm
[12:09] {nemo} fcx consolidating at 200
[12:16] {ese} \
[12:18] {Threei} (IA) IAEA: Iran's stockpile of enriched uranium over 2 metric tons from 1.8 metric tons prior, installed centrifuges up slightly to 8,610
[12:18] {Threei} - IAEA inspectors note they are concerned about possibility work is currently ongoing in Iran to design a nuclear missile.
[12:19] {dino} risky, wide clw sm l .40
[12:19] {dino} out .41, +1.01
[12:19] {strider} 60 second man
[12:20] {dino} hey
[12:20] {nemo} hit home dino?
[12:20] {dino} lol
[12:21] {nemo} took that out without even getting near trend resistance...sheeesh
[12:21] {nemo} at lunch...
[12:21] {nemo} you're nuts
[12:22] {strider} guys like dino walking around loose on the streets....just plain scary.
[12:23] {dino} infamous
[12:23] {dino} lets see if bottom holds
[12:24] {dino} report looks like a big beat
[12:25] {nemo} on clw
[12:25] {dino} yes
[12:25] {nemo} .25 spread .owww
[12:26] {dino} 1.48 to 1.33
[12:26] {Threei} ultimate kettle-pot case:
[12:26] {Threei} 12:21] {nemo} you're nuts
[12:26] {nemo} expert opinion
[12:27] {Threei} takes one...
[12:27] {nemo} my you like to say...eqkzaktly
[12:27] {dino} been called worse
[12:27] {nemo} by me no less, you just didn't know
[12:28] {dino} i had a feeling
[12:29] {Threei} be back in 30 min guys, gotta get wife's car from the shop
[12:29] {larisa} wives always break things
[12:30] {Threei} they do
[12:30] {Threei} fine shiny things, too
[12:30] {strider} Best advice for women: don't become a wife....and you won't bfreak things.
[12:30] {larisa} hubby fixed switch. tried it 50 times, it worked. I tried it once, broke it again :)
[12:30] {strider} break
[12:31] {strider} It was a trick, larisa.
[12:32] {larisa} he is not practical joker usually :)
[12:33] {nemo} he's got a sense of humor though
[12:33] {nemo} I'll leave it at that...
[12:36] {dino} sm l .21 clw
[12:37] {ese} out auy .80's saaa goin nowhere
[12:38] {Les} we in anything?
[12:38] {Les} Les IS back
[12:38] {nemo} COMA
[12:38] {Les} oh joy
[12:38] {nemo} by the way, the proper acronym is: AWIAV
[12:38] {dino} clw
[12:39] {Les} I believe that is copyleft of magoo Nemo
[12:39] {Les} good idea on the miners ese. GG .20 b/d was sweet
[12:39] {nemo} no...he was AWIA...I added the V
[12:39] {nemo} What's that guy's name from GNU...oh yeah...Stallworth
[12:40] {nemo} Free Software Foundation
[12:43] {ese} ya ....mine didn't work out though les.......although i sense some profit here eventually
[12:43] {Les} NTES has become thin. dino trade. but now under 50 & 200. I like it for a small short
[12:45] {dino} out clw .27, +1.06
[12:45] {strider} you shut up!
[12:46] {nemo} go home
[12:46] {dino} huh?
[12:46] {nemo} raise his taxes
[12:46] {strider} vad, throw this guy outa here.
[12:46] {nemo} indecent, obscene profits
[12:46] {dino} small guys, 300 sh
[12:47] {strider} oh, well...ok then.
[12:47] {nemo} let's see. 1st time...$300 for 1 minute's work
[12:47] {strider} never mind.
[12:47] {dino} whew
[12:47] {nemo} 2nd time...$300 for 10 minutes work
[12:47] {nemo} listen comrade....:)
[12:47] {dino} evil speculator that i am
[12:48] {dino} pullback
[12:48] {nemo} swm coughed up a firball today
[12:48] {nemo} holds 46 could have a reverse H&S
[12:48] {dino} sames industry clw
[12:49] {nemo} eureka...shoulda' known it was going to happen
[12:50] {dino} those paper/forest companies trade like "pulp"
[12:50] {nemo} gag
[12:50] {dino} "pulp moves baby"
[12:51] {Les} someone's doing god's work here
[12:52] {Les} nice trades dino. what were they?
[12:52] {nemo} FAS downward wedge into yesterday's close price
[12:53] {dino} clw twice
[12:54] {dino} around 45 i'll look again
[12:55] {dino} enoc dec gap fill
[12:56] {Les} MS range bound between .10 and 27. might be breaking out here
[13:00] {nemo} that texas plane crash was a guy trying to get the IRS building
[13:01] {Les} another crash?
[13:01] {nemo},2933,586581,00.html
[13:01] {Threei} back
[13:02] {Les} well he crashed into the wrong floor apparently
[13:02] {dino} aap jump
[13:02] {dino} c'mon orly follow it
[13:03] {Threei} scrolling up, I see asylum is in full force
[13:03] {nemo} dino was verrrry bad.
[13:03] {Threei} the most disturbing thing though is, I feel right at home...
[13:03] {dino} understandable, lol
[13:03] {strider} we prefer to think of it as a refuge.
[13:04] {dino} the guys seem a bit disappointed in me vad, i disturbed their lunch w/work
[13:04] {nemo} no....obscene profits
[13:05] {Threei} can you really blane them dino...
[13:05] {dino} this politically correct way of talking about profits must stop. all profits are good
[13:05] {nemo} really?
[13:05] {dino} yes
[13:05] {nemo} So, if I mug a guy and steal his that good
[13:05] {nemo} What's your address?
[13:06] {Threei} it's not?
[13:06] {dino} w/o breaking the law, profits are not obscene they are good
[13:06] {nemo} oh...
[13:06] {nemo} so do what congress says, not what they do?
[13:07] {dino} right
[13:07] {dino} like i tell my kids, do as i say....
[13:07] {Les} bunch of free thinking radicals here. gonna pass on some handles to the FBI
[13:07] {Les} or the IRS
[13:07] {dino} i will "shrug"
[13:08] {nemo} thanks "Atlas"
[13:08] {dino} i am going to read it again this spring
[13:08] {Threei} wow
[13:08] {nemo} don't...
[13:08] {Threei} that's what I call devotion
[13:08] {dino} it inspired me, seriously
[13:09] {Les} what's the author's name?
[13:09] {nemo} Ayn Rand
[13:09] {Les} funny, found her name on a kindergarden in episode of the Simpsons
[13:09] {nemo} you were in the army, weren't you?
[13:10] {Les} y
[13:10] {Threei} (GR) Greece names Petros Chistodoulou as new chief of debt management agency (related EUR/GBP NBG )
[13:10] {Threei} {Petros Chistodoulou} why, oh why... what did I do to you Zeus
[13:10] {dino} told couple friends to read it, one said no way heard it was controversial, other read it and called to say "it was the best book he ever read"
[13:11] {Les} yeh will get round to reading it
[13:11] {nemo} "controversial" not that
[13:11] {dino} well, that guy is a bit of a religous nut
[13:12] {nemo} probably believes Mary was a virgin
[13:12] {Threei} I'd guess most so-called progressives consider it either controversial or work of evil
[13:13] {dino} indeed. but as i tell my kids, just because they say it is so, does not make it so. think, what do they believe that is not true
[13:13] {larisa} A German luger, who won a silver medal at the 2010 Winter Olympic Games in Vancouver, broke his tooth after reporters asked him to bite his medal for photo :)
[13:14] {dino} ouch
[13:14] {larisa} this is devotion :)
[13:14] {dino} wcg waking
[13:14] {Threei} rofl
[13:14] {nemo} just a thought...
[13:14] {nemo} FCX will likely have problems at 76, if not, could be long
[13:14] {Threei} wow, market is totally locked
[13:14] {nemo} got vwap and 200 right there
[13:17] {dino} regn blood
[13:17] {Les} GG for .30 b/o?
[13:18] {nemo} how is oil up after that report?
[13:20] {dino} wcg sm l .01
[13:21] {Threei} I doubt it les
[13:21] {Threei} just random
[13:21] {Threei} (GR) Greece Fin Min:EU must provide Greece with more specific requirements; have measures in place to attain budget goals even if GDP declines more than expected
[13:21] {Threei} - cannot rule out a VAT increase and evaluating all options
[13:21] {Threei} - notes it is unlikely will request assistance from IMF but cannot rule the option out
[13:21] {Threei} - remarks that recently highlighted swap deals with banks were legal
[13:27] {Threei} last few days this boring consolidations was resolving into upside move
[13:27] {Threei} iperating under assumption that this is going to be today's case as well,
[13:28] {Threei} Short Setup: VXX .60 breakdown
[13:29] {fernp} .65 or .70
[13:29] {nemo} vwap .72
[13:29] {nemo} 200 ma rather
[13:29] {fernp} ok
[13:30] {Threei} yeah, .65 is way too close
[13:30] {nemo} .66 resistance
[13:31] {dino} my scanners all green
[13:47] {Threei} VXX slowly working its way toward 1:1
[13:47] {fernp} yes
[13:47] {Threei} those superpesky superscalpers got that already
[13:48] {Threei} Les, note the VXX short play, which is essentially long the market... despite my "triple digit red" refrain
[13:48] {ese} L orly .91
[13:48] {Les} saw the call, but just back now from dinner
[13:49] {Threei} Senator Dodd plans to introduce financial regulation reform bill next week - WSJ (related XLF )
[13:49] {Threei} estimed senator doesn't want to introduce "throw the bums out, start with me" bill?
[13:49] {Threei} esteemed too
[13:49] {Les} but the technicals looked good. indices bouncing off moving averages
[13:49] {nemo} he's retiring
[13:49] {Threei} it's not the same nemo...
[13:49] {Threei} less satisfactory
[13:49] {nemo} I know
[13:50] {Les} If Dodd wants a life as lobbyist, he'd wanna be nice with his fellow senators in creating this bill
[13:51] {nemo} big C&H on fcx
[13:53] {Threei} wow larisa
[13:53] {Threei} you called it
[13:54] {nemo} what she call
[13:54] {Threei} pilot left suicidae note before crashing in the building
[13:54] {nemo} yeah burned his house
[13:54] {Les} was he aiming for IRS?
[13:54] {Threei} this intuition of them, switch breakers...
[13:55] {Threei} VXX baby
[13:55] {Threei} out
[13:55] {Threei} .43
[13:55] {fernp} ty
[13:55] {Threei} this one officially takes us in the black for the day
[13:55] {dino} heading up
[13:57] {Threei} over 1:2 who has more patience than I do
[13:58] {dino} patience does i would guess
[13:58] {i2romantis} haven't seen patience on here for awhile
[13:59] {i2romantis} people come and go?
[13:59] {ese} out orly .96 +.05
[13:59] {ese} slim pickens these days
[13:59] {dino} blast off coming imo, es
[14:00] {ese} gonna miss it....have to go and teach a choir
[14:01] {Les} cool
[14:01] {ese} are you long orly dino
[14:01] {dino} yes at .75
[14:02] {ese} nice......i wasn't concentrating on it....oh well will take my 5 cents
[14:02] {dino} green os green, gj
[14:02] {dino} os-is
[14:03] {dino} feels like a reafan moment on orly, "tear down that wall"
[14:03] {dino} f=g, sheesh
[14:04] {ese} take care all catch you tomorow
[14:04] {Les} bye
[14:04] {dino} cya
[14:04] {Threei} take care ese
[14:06] {Threei} Scared out of their wits, two crash dummies categorically refused to get in Toyota
[14:06] {Les} hmmm
[14:06] {dino} machines taking over
[14:06] {i2romantis} lol
[14:07] {Threei} got an e-mail with car-related jokes
[14:07] {Threei} liked this one the most
[14:07] {Threei} second place I'd give to:
[14:07] {Threei} In the latest news: "Ford to make heated rear bumper as part of the upgrade package" We have listened to our customers who said their hands are freezing when pushing our cars off the road
[14:08] {Les} that's funny
[14:08] {i2romantis} lol
[14:09] {Les} .70 break on XNPT vad?
[14:09] {Threei} well... chart is right... I just don't believe in this stock
[14:10] {Threei} this kind of crashes rarely resolves into easy to play bounces
[14:10] {Les} got 50 ma coming up hard and fast under it. looking to see if it can give it a push
[14:11] {Threei} I personally won't play it but will watch with childish curiosity in my ever-inquiring eyes
[14:14] {dino} was looking at it at .50 break but chickened out, gut wanted 5.95ish
[14:14] {dino} there may be "better worlds than this" les
[14:14] {Threei} totally
[14:15] {Les} yeh. how do you keep on top of all your plays dino?
[14:15] {Threei} vodka
[14:15] {dino} i watch them
[14:15] {dino} hard stops help
[14:15] {Les} multiple screens? you just rotating through your daily list
[14:15] {dino} yes and what my .07 scanner spits out
[14:16] {Les} one of these days will try to list your stocks at opening and continuously monitor them
[14:18] {Les} when the kids are 18 and out of my hair
[14:18] {Threei} again... vodka
[14:19] {dino} fwiw, my daily watch amsc, apol, bwld, enoc (missed entry at .25, ugh), esi, fcx, fdx, fti, gld, ibm, intc, joyg, jst, kss, plce, mos, pot, pwrd, snda, rino, swm, uos, new today, xnpt, wcg, nvda, cab, clw, regn, aap
[14:19] {dino} and oil, $, s/p,ndx/dji
[14:19] {Les} those (except new today) are your regular daily list?
[14:19] {dino} ups, not uos
[14:19] {nemo} triple digit day coming
[14:20] {dino} yes. they change periodically
[14:20] {strider} ya think? which way?
[14:20] {dino} todays new will flot for few days
[14:20] {dino} float/stay
[14:20] {dino} others will drop
[14:20] {Les} ok. first few days they make reasonable plays do they?
[14:21] {dino} yes
[14:21] {Threei} why did we ever bother to cover VXX?
[14:22] {dino} for me les, something that moves big up/down one day is a player until it gets back to the prior point. ex: swm last week, and the new ones today
[14:23] {Threei} dino is counter-trend player on the extreme moves
[14:23] {Threei} and he likes them thin
[14:23] {nemo} stocks?
[14:23] {dino} gals too
[14:24] {Les} ok. I can see SWM has found new equilibre so it is finished for you?
[14:24] {dino} clw drop, its a list maker for few days now
[14:24] {dino} well swm has nice daily of 3 bucks give or take, so we watch it
[14:25] {Les} sorry looking at wrong time frame. yes it is still moving
[14:25] {dino} when that tightens, we drop it
[14:25] {Threei} real liufe and activity will return when we finally reverse backj down, I believe
[14:25] {dino} i use intraday, 5 day120 day, year, and 2 year
[14:26] {Les} yeh but in meantime happy to learn trades that aren't dead as yesterday's... cake, was it?
[14:27] {Les} vxx
[14:27] {dino} everybody says down 3i, gut says too easy
[14:27] {Threei} yup, that's what works day after day
[14:28] {Threei} move against obvious
[14:28] {dino} of course, anything can happen
[14:28] {Threei} the day when yo and larisa finally take my bet we reverse
[14:29] {dino} heres a question, what does china do when opens next week?
[14:30] {dino} and in 3i's court, the main problem i see is cramer is really getting bullish and last week he was gloomy, so contra-indicator
[14:37] {nemo} feels like off to the races soon
[14:38] {dino} clw
[14:46] {dino} lod clw
[14:47] {dino} hate to see them post a miss
[14:47] {nemo} vad wouldn't
[14:48] {nemo} fighting to hold the low
[14:48] {dino} bouncing
[14:48] {dino} think i missed it
[14:48] {dino} perfect db
06[14:49] * nemo slaps dino around a bit with a large trout
[14:49] {dino} lol
[14:50] {nemo} you just wussed out under peer pressure...didn't want to get heckled for obscene profits
[14:51] {dino} no, it felt different, still does, feels lower
[14:53] {Les} half out vxx +.10
[14:54] {dino} gj
[14:55] {Les} needed that. ty. forgotten how to scalp
[14:56] {Threei} how did you manage to forget how to scalp
[14:56] {Threei} when we do that all day every day
[14:57] {nemo} you forget who you're talking to
[14:57] {Threei} lol
[14:57] {Les} belt up nemo
[14:57] {nemo} triple digits green coming
[14:57] {dino} giddy-up
[14:57] {nemo} you belt up dude
[14:58] {Les} trying to take more than a scalp in these last few days of meandering markets. paying for it.
[15:00] {Threei} btw fern
[15:00] {nemo} well, I'm off...flat for today cu 2morow
[15:00] {Threei} rember question about FITB, and answer about it being too narrow?
[15:00] {Threei} look at it
[15:00] {dino} cya fern, nemo
[15:01] {Threei} take care nemo
[15:01] {Les} ciao nemo
[15:03] {dino} out orly .10, +.35
[15:08] {Threei} IMF: USD and EURO are 'overvalued'; Yen is now in line with fundamentals (related EUR/USD USD/JPY EUR/JPY )
[15:08] {Threei} vs what?
[15:11] {Les} all out vxx +.20
[15:11] {Threei} wtg
[15:14] {dino} gj
[15:15] {Les} ty. watching CLW for a 44 b/d setup
[15:15] {Les} oops
[15:16] {dino} clw new lows
[15:21] {Threei} White House CEA's Summers: Expecting to see job creation at some point in 2010
[15:21] {Les} that guy isn't fired yet?
[15:21] {Threei} heh
[15:22] {Threei} can't believe he was hired
[15:22] {Threei} but if Timmy was, what else is neqw
[15:26] {Les} XNPT bouncing. maybe .70 b/d
[15:26] {Threei} Short Setup: AMLN .90 break
[15:26] {Threei} .95 resistance
[15:28] {Threei} Meredith Whitney: Financial stocks will suffer as 'Govt takes the punch bowl away'; expecting lower comps - CNBC interview
[15:29] {Threei} BAC is the 'less worse bank' among banking sector
[15:29] {dino} sm l .00 clw
[15:30] {dino} stop lod
[15:33] {dino} out .47, +.47
[15:33] {Threei} nice
[15:33] {dino} ty
[15:34] {Les} quick. tried to follow you but it was already gone
[15:34] {dino} i just used quarter theory
[15:35] {Threei} if you find a quarter, pick it up?
[15:35] {Les} is it that consistent, quarterly changes?
[15:35] {Threei} I like that theory
[15:35] {dino} lol, .00, .25, .50 etc
[15:35] {Threei} :)
[15:36] {dino} of course cab doesn't get the theory.75 should push it up
[15:37] {Threei} the most boring day in quite a while
[15:38] {Threei} Market Internals update at 3:30pmET
[15:38] {Threei} - NYSE volume 680M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.
[15:38] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; advancers lead decliners by 1.1:1.
[15:38] {Threei} - VIX index -4.0% to just under 21.00
[15:38] {Les} I hope VIX doesn't return to previous lows
[15:39] {Threei} if it does, snapback will be horrific
[15:40] {Threei} nore from Meredith:
[15:40] {Threei} - BAC is the "least worst bank" in the sector, BoA has alot of assets to sell and can raise more capital than any other bank (note: in the latest round of quarterly holdings filings many activist hedge funds disclosed increase holdings in BAC and Citigroup, as well as some other large banks).
[15:44] {Threei} US Treasury Sec Geither: Economy beginning to heal; expecting for it to continue to improve
[15:45] {Threei} UN cafeteria has been closed due to a 'suspicous envelope' - Chinese media
[15:45] {dino} they call that meatloaf
[15:45] {Threei} lol
[15:46] {dino} out cab .80, +.30 all dayer
[15:47] {dino} wcg stopped -.28
[15:49] {dino} calling it a day, thx all, good ideas, best day this month for me
[15:49] {Threei} wtg dino, see you tomorrow
[15:49] {Les} ciao
[15:49] {fernp} gj dino
[15:49] {dino} :)
[15:50] {Threei} (CH) China Foreign Min: "Strongly dissatisfied" with Dali Lama visit
[15:52] {Threei} AMLN 1:1
[15:52] {fernp} ty very much
[15:52] {Threei} that cements day as profitable
[15:53] {Threei} not stellar mind you
[15:53] {fernp} true
[15:53] {Les} ty. missed your first VXX call which would have been sweet.
[15:54] {Threei} Toyota Motor Corp US House commitee subpoenas documents on vehicle recalls
[15:54] {Threei} - reminder: Toyota's CEO Toyoda declined to accept the panel's invitation to appear at a Feb 24 hearing on the matter
[15:55] {Threei} takes nasty turn
[15:56] {Threei} okay guys, thank you all
[15:56] {Threei} have a good evening, see you tomorrow
[15:56] {Les} ty. c u tomorrow
[15:57] {fernp} Good evening everybody. See u all tomorrow

Wednesday, February 17, 2010

Wed Feb 17 2010

Nicely profitable day, thanks to a few TM shorts, CYCC big shares long and a few scalps on VXX and AMSC.

Session Time: Wed Feb 17 00:00:00 2010

[07:51] {Threei} (US) White House Econ Advisor Romer: Sees employment stabilization in US; White House expects to see positive numbers by spring (related EUR/USD TLT SHY SPY )
[07:51] {Threei} CYCC Journal publishes study data suggesting Seliciclib can treat breast cancer resistant to hormone therapy (update
[07:51] {Threei} - A newly published study demonstrates that seliciclib (CYC202 or R-roscovitine), an orally available inhibitor of multiple cyclin-dependent kinases (CDKs), reversed resistance to the aromatase inhibitor letrozole (Femara) and killed hormone receptor positive breast cancer cells that had become insensitive to the effects of letrozole. The new study was published in the current edition of Clinical Cancer Research, a journal of the American Association for Cancer Research. Seliciclib is currently in Phase 2 clinical trials for non-small cell lung cancer and nasopharyngeal cancer.
[08:01] {nemo} another big gap day
[08:01] {nemo} yahoo
[08:01] {Threei} sigh
[08:06] {nemo} DE up 4.50 on earnings
[08:10] {Threei} US) Preview: Jan Housing Starts data due out at 8:30am ET
[08:10] {Threei} - Housing Starts: Consensus expectations are 580Ke
[08:10] {Threei} US) Preview: Jan Import Price Index due out at 08:30ET
[08:21] {Threei} (GR) EU StatsAgency: Greece denied using currency derivatives to hide debt
[08:22] {Threei} - Agency issued guidance to government on use of derivatives in March 2008
[08:22] {Threei} - Sees need for a harmonization of accounting practices in Europe.
[08:30] {nemo} housing good? fas just jumpe
[08:31] {Threei} US) JAN HOUSING STARTS: 591K V 580KE; BUILDING PERMITS: 621K V 620KE
[08:31] {Threei} - Prior Housing Starts revised higher from 557K to 575K
[08:31] {Threei} US) JAN IMPORT PRICE INDEX M/M: 1.4% V 1.0%E; Y/Y: 11.5% V 10.8%E
[08:32] {Threei} Toyota troubles deepen
[08:32] {Threei} possible Corolla recall, power steering problems
[08:32] {Threei} boy...
[08:36] {Threei} 5:42:01 PM
[08:36] {Threei} Toyota Motor Corp To idle production at Texas and Kentucky assembly plants for several days in coming months amid lower demand after recalls - Nikkei News
[08:36] {Threei} - Separate feature from The Times notes company is also considering halting production at its Derby, UK facility.
[08:36] {Threei} 7:34:55 PM
[08:36] {Threei} Toyota Motor Corp Regulators in the US have demanded documents in order to determine if TM's recalls were done in a timely manner - WSJ
[08:36] {Threei} - The document request is from the US National Highway Traffic Safety Administration (NHTSA)
[08:36] {Threei} - The NHTSA may also study if the scope of Toyota's recalls was too limited.
[08:42] {Threei} (GE) IFO's Nerb reiterates view that Weaker euro currency helps the industrical sector of Germany
[08:42] {Threei} - Current EUR/USD exchange rate a positive for German manufacturers
[08:43] {Threei} race to the bottom continues
[08:59] {Threei} US) Preview: Jan Industrial Production and Capacity Utilization due out at 09:15ET
[08:59] {Threei} **consensus expectations:
[08:59] {Threei} - Industrial Production: 0.7%e v 0.6%
[08:59] {ese} morning
[08:59] {Threei} ese :)
[08:59] {fernp} Good morning everybody
[09:00] {ese} fern
[09:01] {Threei} fern :)
[09:02] {nemo} amzn back near the's weak
[09:04] {Les} afternoon
[09:04] {nemo} yeah, for gmt +1
[09:04] {Threei} kes :)
[09:05] {Les} kes? why not...
[09:05] {Les} you reckon we can ride amzn Nemo? Yesterday's chart looks good
[09:06] {nemo} was weak all day yesterday, an it's showing weak again today
[09:09] {larisa} gm :)
[09:09] {Threei} larisa :)
[09:09] {larisa} vad :)
[09:15] {Threei} *(US) JAN INDUSTRIAL PRODUCTION: 0.9% V 0.7%E; CAPACITY UTILIZATION: 72.6% V 72.6%E
[09:15] {billyc} gm all
[09:15] {Threei} billy :)
[09:17] {dino} gm all
[09:17] {Threei} dino :)
[09:17] {dino} tm bad news continues
[09:18] {lasertrev} morning
[09:18] {Threei} yeah, barrage
[09:18] {Threei} trev :)
[09:19] {Les} yesterday was such a dead day, might keep amzn on screen
[09:19] {ese} anything in this pre mrkt catching your attention vad?
[09:19] {Threei} keeping an eye on CYCC
[09:19] {Threei} TM
[09:19] {ese} tks
[09:20] {strider} DE
[09:20] {ese} am gonna watch with you.....have too many details on my mind gonna go along with your thinkin
[09:21] {ese} .80 break per chance
[09:23] {Threei} on what ese?
[09:23] {nemo} tm?
[09:24] {ese} cycc
[09:25] {Threei} I'd prefer pullback
[09:25] {Threei} breaks on these thick ones often turn into torture
[09:25] {ese} ahhhhh ok
[09:31] {Threei} Dealers comment on the recent 'surge' in the ECB overnight loan facility
[09:31] {Threei} - Dealers seemed to focus on the ECB overnight lending facility and the recent spike up in borrowings. The take-up in the o/n facility has been large but markets have assumed that Thursday's report should paint a different picture as the one-week week auction should bind the gap. However, dealers do caution that IF the large overnight borrowings remainin the system then perhaps the European peripheral situation is a larger problems then the recent soothing rhetoric from the Eurogroup and Ecofin admits. Some speculation that the recent surge was a failed Greek repo trade which has now been bridged.
[09:31] {Threei} Short Setup: TM .75 break half lot
[09:31] {Threei} if stays under .90
[09:32] {strider} no bids between .75 and .70
[09:32] {Threei} invalidated for now
[09:33] {Threei} but worth keepoin g on a backburner
[09:34] {dino} vmi
[09:35] {ese} cycc toughts vad
[09:35] {ese} thoughts
[09:36] {Threei} around .75 I'd feel mich safer
[09:36] {Threei} TM reestablished
[09:37] {ese} hmmmmm good to know....thats kinda what i was hinking as well......
[09:37] {ese} maybe i am learning something vad
[09:37] {nemo} tm
[09:38] {Threei} either original setup, or stop above .95
[09:38] {Threei} kind of discretionary decision
[09:38] {nemo} spy db
[09:40] {Threei} SIGA Strength attributed to speculation that SIGA could be among potential awardees for US govt medical countermeasures contract that is scheduled to be awarded on or about September 16, 2010
[09:40] {Threei} - proposals for the contract are due March 15, 2010 and the contract will be awarded in Sept.
[09:43] {Threei} 1:1 TM
[09:43] {Threei} should go more
[09:43] {Threei} half out
[09:44] {Threei} stop to .80
[09:44] {Threei} scalpers are scalpers
[09:45] {larisa} real mess this morning at MBT. all BP show 0.00 :) people screaming, server down, help lines busy.
[09:46] {Threei} 1:2 TM
[09:46] {Threei} out 1/4 more
[09:46] {Threei} +.40
[09:46] {Threei} stop to .70 for the l;ast part
[09:47] {dino} cov tm .37, +.38
[09:47] {dino} ty vad
[09:47] {Threei} welcome sir
[09:48] {Threei} starts looking like double bottom bounce
[09:48] {ese} L sqnm .51
[09:48] {Threei} don't wast to go long on it
[09:48] {Threei} but trailing stop to abpove .60
[09:49] {Threei} aww, forgot about SQNM
[09:49] {Threei} thought of yesterday's high break
[09:50] {Threei} ok TM, let's lose .30 and die
[09:50] {ese} out .54 +.03
[09:51] {Les} amzn bounce before b/d methinks
[09:57] {Threei} Short Setup: WFC .50 break
[09:57] {Threei} if stays below .55
[09:58] {Threei} done with last portion TM
[09:58] {Threei} lol, I still feel it's a $30 stock
[09:59] {Threei} anyway, that was a good way to start the day
[09:59] {Threei} ese, caught CYCC under .80?
[10:00] {dino} fcxsm l .66
[10:00] {ese} no.........was waiting for you to take a look
[10:01] {Threei} I got a bit stretched out... just looked at it
[10:01] {ese} although quick breakout at .95 looks lpromising
[10:01] {Threei} or pullback into .85
[10:01] {ese} indeed
[10:03] {dino} out fcx -.10
[10:04] {Threei} neat tight stop for such a stock
[10:04] {Threei} what the deuce
[10:04] {Threei} missed CYCC again
[10:04] {dino} mkt dropped so did i
[10:04] {fernp} en SDS
[10:05] {Threei} it wasits for me to look somewhere else to do what I expecteds it to
[10:05] {dino} open gap fills on the way
[10:05] {dino} cat not really following de
[10:10] {fernp} WFC stopped
[10:10] {nemo} and then some
[10:15] {Threei} Long Setup: AMSC 32 break
[10:15] {Threei} if stays above .90
[10:16] {Threei} 1:1
[10:16] {fernp} missed
[10:17] {nemo} grabbed coffee
[10:17] {Les} didn't chase
[10:17] {larisa} lol
06[10:17] * Threei shrugs and removes himself to a monastery
[10:17] {Les} hear no evil, see no evil, speak no evil
[10:17] {nemo} this is my monday...I catch the stop miss the winners
[10:19] {dino} sm l pwrd .44
[10:21] {Threei} magoo's favorite stock moves
[10:21] {Threei} HIHO
[10:22] {Les} short vxx for a possible b/o here? say .30?
[10:22] {Threei} hmm
[10:22] {Threei} worth a try I guess
[10:23] {Threei} market shows breakout forming
[10:25] {Threei} smackdown right from the break level
[10:26] {Les} yeh found myself prematurely evacuating
[10:27] {Les} what, not biting Nemo?
[10:28] {Les} TM coming back to lod
[10:28] {Threei} ACOR...
[10:28] {Threei} nears 52 week high
[10:34] {dino} giddy-up
[10:34] {Threei} VXX 1:1
[10:37] {Threei} AONE Strength attributed to yesterday's filing disclosing a new stake by Qualcomm
[10:38] {strider} tm
[10:39] {Threei} breakdownish look
[10:39] {Threei} inverted C&H
[10:39] {strider} short .38
[10:39] {strider} .28
[10:41] {Threei} EUR/USD Moves below 1.3690 which was seen as short term techincal support
[10:42] {Threei} new low TM
[10:44] {Threei} anyone found a play in ACOR?
[10:53] {nemo} amzn triangle
[10:56] {Les} big buy order .11 on TM
[10:58] {Threei} you covered any strider?
[10:59] {strider} oh, I'm out ...looking to get back in, though.
[11:00] {strider} Since it seems to bounce when breaking support, thought I'd wait for a break of .11, and put in an offer of .17
[11:00] {strider} whoops
[11:00] {nemo} yeah, I was reading the essage when it broke
[11:00] {nemo} message
[11:00] {Les} scared crap out of me . short .10
[11:00] {strider} didn't boiunce this time.
[11:01] {Threei} still may
[11:01] {Threei} too thin to go one way for too long
[11:03] {strider} HOG constipated
[11:03] {strider} won't give it up.
[11:03] {Threei} {HOG} leave my colon alone
[11:04] {strider} some people would call this consolidation before a breakout.
[11:04] {nemo} smells like cologne...
[11:04] {strider} doesn't sound like it though.
[11:04] {nemo} fcx low
[11:08] {Les} amzn
[11:10] {Les} U got a working hypothesise for close vad? doji? down? up?
[11:10] {Threei} down
[11:10] {Threei} triple digits
[11:10] {nemo} broken record :)
[11:10] {Threei} of course I had the same for yesterday, and we all know how well it worked
[11:10] {Les} lol
[11:10] {nemo} it was triple digits
[11:10] {dino} keep betting red
[11:11] {Threei} UA) IMF: Directors have agreed that the Dirham peg to the USD has been positive; assisted economic stability
[11:12] {Threei} so why don't we all peg to USD and be done with whole currency trading thingy?
[11:12] {Les} Dirham - had to look that one up
[11:12] {Threei} look up rougrick while you are at it
[11:13] {Threei} tougrick
[11:13] {Threei} and hryvnya
[11:14] {Les} no luck on tougrick
[11:15] {Les} funny, thought Russian influence in Ukraine extended to currency as well
[11:15] {Threei} gosh, they have too many spellings for that currency
[11:15] {Threei} tugrik
[11:16] {Threei} grg
[11:16] {Les} got it
[11:16] {nemo} you do umlauts?
[11:16] {dino} enoc sm l .20
[11:16] {nemo} or diaresis
[11:17] {nemo} Vad, how'd you get the two dots?
[11:17] {Threei} just copied and pasted
[11:18] {nemo} really
[11:18] {Threei} Fed's Bernanke to testify before a House committee on Feb 24 dealing with exit strategies
[11:18] {Threei} - Note: This testimony was delayed from 2/10; when Bernank's written text was released: Highlights: - TAF and TALF will be phased out before long (scheduled to close June 30 for all loans); any change in discount rate would be modest.- Should not expect sale of securities in the short term (Note: Bullard recently noted that the Fed would sell assets in the 2H10); would sell securities once the recovery is considered "sufficiently advanced."- Will use use interest on banking reserves as the focal policy target.
[11:19] {Les} TM
[11:19] {Les} out +.20
[11:19] {Les} crap
[11:19] {strider} hemorrhage, TM
[11:20] {Threei} it's not $30 yet?
[11:20] {Threei} strange
[11:20] {strider} main artery
[11:20] {dino} stoped enoc
[11:21] {strider} got your buy order in down there, vad?
[11:21] {Threei} no, will reevaluate when it gets there
[11:22] {strider} Maybe they'll have a 'buy a car, get free stock' plan.
[11:23] {Threei} IMO{ real scope of troubles is yet to reveal itself
[11:23] {Threei} it's not just a recall, "fix and be done with it"
[11:24] {Les} what, you think this "cut corners" CEO has done more lasting damage
[11:25] {Les} ?
[11:25] {Threei} whole story is way more than just a quality problem
[11:26] {Threei} it's undermining of Toyota major strength
[11:27] {Threei} it takes away the main reason why people preferred their cars over competitors
[11:28] {Les} unless they work 200% to return that quality ASAP
[11:28] {Les} TM
[11:36] {dino} open gaps filled
[11:36] {Threei} sorry, got distracted for a min
[11:36] {Threei} it's worse than that Les, IMO
[11:36] {Threei} the development makes people question whether that praised quality was there in a first place
[11:37] {Threei} indications are the problems are now new
[11:37] {Threei} not new
[11:37] {Threei} and were hidden and avoided
[11:37] {fernp} jpm .94
[11:37] {Threei} that undermines faith, integrity
[11:38] {Threei} CYCC Update: Merriman reiterates Buy rating, price target $7-8
[11:40] {Threei} hmmm
[11:41] {Threei} you'd expect $3 dollar stock jump on such target, even reiterated
[11:41] {Threei} Short Setup: RIMM .55 break
[11:41] {Threei} .65 resistance
[11:42] {dino} fcx gap around 76.75
[11:42] {dino} 73.75
[11:43] {Threei} TM no even bounces anymore
[11:43] {Threei} just straight down
[11:43] {nemo} .95 is s3 support for fcx
[11:44] {Threei} Cyclacel Pharmacutical Inc Update: Merriman reiterates Buy rating, price target $7-8
[11:44] {Threei} - Firm finds it encouraging that seliciclib is showing evidence of efficacy in a variety of important tumor types.
[11:44] {Threei} - Reminder: Cyclacel announced today the publication of pre-clinical data pertaining to seliciclib and its use in killing aromatase inhibitor-resistant breast cancer cells.
[11:45] {Threei} let's tighten RIMM to above .60... lunch time is lunch time
[11:46] {Threei} no point in giving it much room
[11:46] {Threei} lol, who would have thought RIMM could be played with 5 cents stop
[11:47] {nemo} nw
[11:49] {Threei} out
[11:49] {fernp} me too
[11:54] {dino} enoc gap fill dec
[11:56] {dino} sm l .13
[12:00] {nemo} amzn respecting trendline
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 425M shares, about 1.5% below its three-month average; advancers lead decliners by 1.2:1.
[12:00] {Threei} - NASDAQ volume 970M shares, about 4% above its three-month average; advancers and decliners are about even.
[12:00] {Threei} - VIX index +0.35% to just over 22.00
[12:01] {dino} fcx sm l .25
[12:02] {ese} .
[12:03] {dino} .
[12:05] {Threei} all good points
[12:05] {Les} point being?
[12:05] {Les} s amzn .99
[12:06] {Les} rimm spike down
[12:07] {Threei} EK Reportedly getting patent review to block imports of iPhone and Blackberry - unconfirmed report (related AAPL RIMM )
[12:12] {ese} ahhhhhhhh I didn't get it.....but now i do. dino and I signed in with a period.....witty vad very witty!
[12:12] {ese} ya never did me no only took me 7 minutes to get it
[12:13] {Threei} lol
[12:14] {dino} hmmmmm
[12:14] {_jfjf64} hello my friends
[12:14] {Threei} jf!!
[12:14] {ese} just scanning through stocks.......don't know what to look for really.....
[12:14] {Threei} welcome back
[12:14] {ese} jf
[12:14] {dino} hi jf
[12:14] {_jfjf64} im back
[12:14] {Threei} man, are you taking superlong vacations or what
[12:14] {_jfjf64} vad
[12:14] {_jfjf64} ese
[12:15] {_jfjf64} dino
[12:15] {_jfjf64} long vacation lol
[12:15] {ese} jjjjjjjjjjjjjjjjjjjjjjjjjffffffffffffffffffffffffff!!!!!!!!!!!!!baby.........there you gothe bi welcome back
[12:15] {ese} big
[12:15] {_jfjf64} ty
[12:16] {Threei} how's Italy?
[12:16] {_jfjf64} was good
[12:16] {_jfjf64} spent all my cash lol
[12:16] {Threei} you haven't been to Greece, have you?
[12:17] {ese} that where you were? Thats where my family and i are headed Mar 5
[12:17] {Threei} just wondering, maybe your spending would have saved them
[12:17] {_jfjf64} funny
[12:18] {Threei} watching TM for topping out and resuming downtrend
[12:18] {Threei} volume dried up... not sure if this is a topping sign or simply lunch time, can't tell
[12:19] {Threei} larisa, this is closer to your setups than mine... see any signs on TM beong ready to drop again?
[12:19] {larisa} it actually broke downtrend when went over .25
[12:19] {Threei} it did
[12:19] {Threei} but it has to break uptrend at some point
[12:19] {Threei} which is what I am looking for
[12:40] {Threei} OK, who is ready to try
[12:40] {Threei} Short Setup: TM .60 break if stays under .70
[12:40] {Threei} half lot
[12:40] {_jfjf64} $$
[12:44] {Threei} ESE
[12:44] {Threei} CYCC
[12:44] {Threei} probably makes sense now with stop under .65
[12:44] {dino} out pwrd +.40
[12:45] {Threei} ugh... upticked while I typed
[12:45] {Threei} ok, back into buying zone
[12:45] {Threei} (US) Fed's Plosser: Fed faces threats to its independence
[12:47] {Threei} favors selling MBS as the economy strengthens
[12:47] {Threei} - Modest economic recovery has begun, seeing some signs of slow recovery in job market.
[12:47] {Threei} - Wants to end Fed emergency lending powers
[12:47] {Threei} - Auditing monetary policy would be a bad idea, would compromise the Fed's rate setting powers.
[12:47] {Threei} no really?
[12:47] {nemo} should we tighten stop on tm it's looking long
[12:48] {Threei} where do you tighten it... :)
[12:48] {nemo} .65
[12:48] {Threei} above .65?
[12:48] {nemo} yeah
[12:48] {Threei} well... whole trade is discretionary, so why not this too
[12:48] {nemo} hehehehe
[12:49] {Threei} I think auditing my taxes is a bad idea, it would compromise my spending powers
[12:50] {ese} hey vad....was on the phone to questrade.......talking about closing out my acct in the future and getting my P/L statement for the year
[12:50] {Threei} get them to show P as theirs and L as yours
[12:50] {ese} what are ya thinkin with cycc
[12:50] {Threei} may help with taxes
[12:51] {Threei} I thing .70 with stop under .65
[12:51] {Threei} think
[12:51] {ese} how do you mean
[12:51] {Threei} never mind, my hyppopotamus sense of humor
[12:51] {ese} ha ha
06[12:52] * Threei hits TM over the head with 2x4
06[12:52] * Threei hits TM over the head with 2x4 endowed with rusty nails
[12:52] {ese} L cycc .71
[12:52] {nemo} out scalp ty
[12:52] {Threei} welcome
[12:53] {ese} sm 4k
[12:53] {ese} 3k
[12:53] {ese} can't read when i type now....sheesh
[12:53] {Threei} shrug
[12:54] {nemo} wow...DE has been steadily down since the open
[12:54] {Threei} try can't read, can't type, too lazy ti think, and when try to type wioth my elbows pout of curiosity - find out that somehow it's worse than if I type with my knees
[12:56] {ese} lol
[12:58] {nemo} boy, we lucked out on tm
[12:58] {dino} gj
[12:58] {nemo} 73.90 is 200 ma. next likely hiccup
[12:58] {Threei} I half lucked - tried to keep half
[12:58] {nemo} vwap there too
[12:58] {Threei} stoped b/e
[12:58] {_jfjf64} nicenice
06[12:59] * nemo slaps Threei around a bit with a large remember it's a LUNCHTIME! scalp
[12:59] {Threei} yeah
[12:59] {Threei} I guess TM invokes this thirst for blood in me
[12:59] {nemo} no...
[12:59] {nemo} greed...
[12:59] {nemo} amzn at 200 ma
[13:00] {Threei} what I want now is CYCC catching eod strength and closing somewhere around .85
[13:00] {Threei} and my day would be nicely rounded
[13:00] {nemo} amzn at resistance
[13:00] {Threei} that morning TM short made it a good day no matter what
[13:01] {dino} you played it well
[13:01] {Threei} ty... felt blood in the water
[13:02] {nemo} s tm .84
[13:03] {nemo} stop .90
[13:03] {dino} fcx to .65
[13:03] {nemo} where'd you get in Dino
[13:03] {larisa} your FCX entry was perfect dino, imo
[13:04] {dino} .25
[13:04] {dino} ty larisa
[13:04] {dino} .76 area wall
[13:05] {nemo} stopped
[13:05] {dino} out +.40
[13:06] {larisa} gj
[13:06] {dino} ty
[13:15] {Threei} little H&S TM
[13:16] {Threei} bounce to .85 - .90 area shouyld be a short entry
[13:16] {ese} cycc cycc cycc you must go up for me......cycc cycc brand new nursury rhyme
[13:16] {nemo} meds ese, meds...
[13:16] {Threei} stop above .95 for stingy, above 74 for a bit more generous
[13:17] {Threei} first weakness from here
[13:17] {ese} ya ya ..........pheeeeewwwww.......ya ya .....i'm ok
[13:18] {nemo} market looks like it wants up, probably take tm with it
[13:20] {nemo} rimm dt...lower volume this high
[13:22] {_jfjf64} sndk .20 break
[13:23] {Threei} time for violence?
06[13:23] * Threei hits TM over the head with 2x4 endowed with rusty nails and barbwire
[13:24] {nemo} dip them in curari
[13:24] {nemo} pure nicotine will do it also
[13:24] {Threei} comeon, that's cruelty
[13:24] {nemo} nah, die painlessly...if you don't count the bludgeoning
06[13:25] * Threei hits TM over the head with 2x4 endowed with rusty nails and barbwire dipped in chocolate
[13:25] {nemo} that's cruel...
06[13:28] * Threei puts grenade into TM's backback and poulls out the pin
[13:30] {patience} patience puts bacon on to cook to stop the violence
[13:30] {Threei} hmmm
[13:30] {patience} what did i miss?
06[13:30] * nemo taser's tm
[13:31] {Les} Vad, does AMZN spike outside of bb's indicate a reversal? - 13:19
[13:31] {Threei} connection between vioelnce and profits?
[13:31] {patience} oh, widespread violence
[13:31] {nemo} mafia trading
[13:31] {Les} or is indicative that a reversal will occur?
[13:31] {patience} seems to be changing while i am out training
[13:31] {nemo} well...
[13:31] {Threei} not necessary Les
[13:31] {nemo} TM is now above it's 200 ma
[13:31] {Threei} by itself it doesn't indicate anything certain
[13:32] {Les} ok. a little surprised by the selloff following that reversal
[13:32] {Threei} just shows that move is becoming a bit too extreme
[13:33] {Threei} Fed's Plosser: Fed does watch the USD for signals for the US economy; has no target for the USD
[13:33] {Threei} (US) Preview: Minutes of the Jan 27 FOMC meeting and Fed economic forecast to be released at 14:00ET
[13:33] {Threei} - Today's minutes will shed light on the discussion of the "extended period" phrase that is currently the lynchpin of Fed policy as well as the timing of future asset sales to reduce the swollen Fed balance sheet. The Fed will simultaneously release its revised economic forecast.
[13:33] {Threei} hmmm
[13:33] {Threei} some shock is probably coming
[13:34] {Threei} - The arguments raised by Kansas City Fed President Thomas Hoenig will be of particular interest after he registered a dissent against the "extended period" language at the Jan 27 meeting. 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."
[13:34] {Threei} The minutes may reveal whether some other FOMC members are starting to waver on this point or if they are developing more nuanced views of the extended period. In recent comments other FOMC members have tried to put a timeframe on "extended period," with Vice Chairman Dudley describing it as at least 6 months but as much as 1-2 years depending on the economy. In December, Charles Evans, a non-voting member, suggested the phrase means 3 to 4 FOMC meetings out.
[13:34] {Threei} - The minutes will also be scanned for discussions of timing and sequencing exit strategies. Chairman Bernanke elaborated on the top in Feb 11 testimony on exit strategies. Bernanke commented that the Fed may opt to raise discount rate before long
[13:35] {Threei} that is going to be a big load of Feds crap poured on market
[13:39] {Threei} tightening to .95 TM
[13:39] {Threei} don't want to get caught into sharp spike
[13:40] {Threei} scalp near .80 weas a good idea, eh
[13:41] {nemo} :)
[13:41] {nemo} made a db at .80
[13:42] {nemo} indices yet to break their upward trend lines
[13:47] {nemo} spy broke
[13:47] {nemo} paint dry yet?
[13:47] {dino} who pulled the plug?
[13:47] {nemo} where's magoo...
[13:47] {Threei} I guess careful ones prefer to exit before FOMC minutesa
[13:47] {dino} he's here
[13:48] {dino} minutes are out i think
[13:48] {Threei} smack him over the head with some fish
[13:48] {Threei} no, at 2 pm
[13:48] {nemo} 2:00
[13:48] {dino} alrighty
[13:48] {nemo} Ace
[13:48] {dino} my bad, plosser speach
[13:49] {nemo} try that again...
[13:50] {Threei} ok... nemo, you tell me what to do
[13:50] {Threei} cover TM this time?
[13:51] {Threei} wait for a drop?
[13:51] {nemo} indices are with you...partial
[13:51] {Threei} may indices be with you...
[13:52] {nemo} and also with you...oh oh
[13:52] {Threei} lol
[13:52] {nemo} then again, get out before the minutes
[13:55] {dino} use the force
[13:55] {nemo} it brought back memories of the catholic mass..oy vay
[13:55] {Threei} I tried
[13:56] {Threei} patience admonished me
[13:56] {Les} .95 break of amzn?
[13:56] {Threei} 4 min till FOMC Les
[13:56] {Threei} why would you want to open any position now
[13:56] {nemo} you forget who you're talking too
[13:57] {Les} FOMCy schmopsy
[13:57] {nemo} not bad...
[13:57] {Threei} ok, I'll try it this way:
[13:57] {Threei} les than 4 min les
[13:57] {Threei} why do you need more troublesZ?
[13:58] {Les} yeh yeh. I've made enough trouble for myself today already
[13:59] {Les} ok. some education
[13:59] {Les}
[14:00] {Les} is this the reversal pattern you've called before Vad?
[14:00] {Threei} *(US) JAN MONTHLY BUDGET STATEMENT: -$42.6B V -$46BE
[14:00] {Threei} - 16th straight month of budget deficits, longest stretch in recorded history.
[14:01] {Threei} haslf out TM
[14:01] {Threei} out in full
[14:02] {Threei} yes Les, head and shoulders
[14:02] {Les} ?
[14:02] {Threei} ?
[14:02] {Threei} 14:00] {Les} is this the reversal pattern you've called before Vad?
[14:03] {Threei} [14:02] {Threei} yes Les, head and shoulders
[14:03] {Les} I'm just refering to the two down spikes
[14:03] {Les} first one out of bb's
[14:03] {Les} 2nd one inside bb's
[14:03] {Threei} how do I know then what you are referring to? you show a screenshot and ask whether it's a pattern I meant
[14:03] {Threei} I see two of them there:
[14:04] {Threei} one is head and shoulder I referede to earlier,
[14:04] {Les} cool .see that now
[14:04] {Threei} another is double top you named just now,
[14:04] {Threei} with those two tops
[14:04] {Threei} yes about their relation to BBs
[14:04] {Les} ok ty.
[14:04] {Threei} so, two nice chart patterns signalling the same direction
[14:04] {Threei} fair trade
[14:05] {Threei} time of the day was not very appropriate,
[14:05] {Threei} plus this FOMC crap
[14:05] {Threei} but worked for us, and stop was 7 cents
[14:05] {Threei} so it's over 1:2
[14:06] {Threei} ok, lewt's see what they produced
[14:06] {Threei} - most members expect recovery to be slower than previous recoveries
[14:06] {Threei} - inflation to remain subdued for some time
[14:06] {Threei} - Hoenig believed that it would be more appropriate for the Committee to express an expectation that the federal funds rate would be low for some time--rather than exceptionally low for an extended period.
[14:06] {Threei} - 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.
[14:06] {Threei} In addition, the temporary liquidity swap arrangements between the Federal Reserve and other central banks will expire on February 1. The Federal Reserve is in the process of winding down its Term Auction Facility: $50 billion in 28-day credit will be offered on February 8 and $25 billion in 28-day credit will 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
[14:08] {Threei} - One member recommended that the FOMC replace the portion of the statement that indicates the Committee will evaluate its "purchases" of securities with an indication that the Committee will evaluate its "holdings" of securities.
[14:09] {Threei} that was a good TM cover
[14:09] {nemo} yep
[14:09] {nemo} it's holding the 200 ma
[14:09] {dino} amsc l .80
[14:10] {dino} out enoc .57, +.44
[14:10] {Threei} wtg
[14:10] {dino} ty
[14:19] {Les} vxx for a .55 b/o?
[14:19] {ese} interesting jump in the qqqq
[14:20] {Threei} hard to tell Les
[14:20] {Threei} market jumps up and down, not establiashing direction yet
[14:21] {ese} sorry that was not the qqqq that was stec i was looking at
[14:22] {Threei} good one ese, re: previous reference to "can't read, can't type"
[14:22] {Threei} it's contagious
[14:23] {nemo} tm right at 200 ma, consolidationg
[14:24] {ese} i'll say
[14:24] {nemo} ha a gap up in tm
[14:25] {Threei} ?
[14:25] {nemo} .03 gap on my chart 2 minutes ago
[14:26] {Les} AMZN .80 b/d?
[14:26] {Threei} probably... but keep an eye on market like a hawk
[14:27] {Threei} CYCC baby
[14:28] {Threei} half out at .77
[14:29] {Threei} ese?
[14:29] {Threei} caught this spike?
[14:29] {ese} was just about to say thqt cycc baby!!!
[14:31] {ese} still in vad 3k isn't enough for me to go 1/2 out
[14:31] {ese} gonna let it run for a little
[14:31] {Threei} you are uncharacteristically timid today :)
[14:31] {ese} yes....
[14:32] {ese} have been for a few weeks now really.......too much crap going at school
[14:32] {ese} very distracting.....trying not to let it get in the way of my trading
[14:32] {Threei} Market Internals update at 2:30pmET
[14:32] {Threei} - NYSE volume 655M shares, about 2% below its three-month average; advancers lead decliners by 1.2:1.
[14:32] {Threei} - NASDAQ volume 1.45B shares, about even to its three-month average; advancers lead decliners by 1.1:1.
[14:32] {Threei} - VIX index -2.5% to just under 21.00
[14:42] {nemo} fas approaching 200, possible resistance at .40
[14:47] {Threei} Tiger Woods schedules announcement on Golf at 11am on Friday - CNBC (related ERTS NKE )
[14:48] {Threei} EBAY CEO: Would consider acquisitions or JVs in Russian market
[14:48] {Threei} - Sees Russian ecommerce market worth $5B a year, sees potential for $20B a year
[14:49] {dino} bgc l 34
[14:50] {dino} hl l fti .75
[14:51] {larisa} laser problems with Times and sales?
[14:51] {nemo} nope
[14:53] {Threei} looks fine
[14:53] {larisa} hm, reconnected and just getting empty boxes
[14:53] {nemo} try different quote server
[14:53] {larisa} you think i did not ? :)
[14:53] {nemo} in the teens
[14:54] {Threei} try diff T&S server? :)
[14:54] {nemo} try 17
[14:54] {larisa} quotes are fine, TS are problem
[14:54] {Threei} 15 and 1 here
[14:54] {larisa} interesting :)
[14:54] {Threei} TS 1
[14:55] {larisa} tried all of them. Guess will go watch Olympics
[14:55] {Threei} wait
[14:55] {strider} There are 5 t&s servers listed. I've never been able to see that they do anything when you change.
[14:55] {Threei} you have combinations
[14:56] {Threei} 20 quote servers and 5 T&S
[14:56] {larisa} level 2 works just fine
[14:56] {Threei} try all combinations
[14:56] {Threei} it's 100
[14:56] {strider} 100 combinations?
[14:56] {strider} That;ll keep you off the streets for awhile, larisa.
[14:56] {Threei} lol
[14:57] {Threei} Tesla CEO Musk: Trying to confirm who was on the plane that crashed, no immediate details available
[14:57] {Threei} - Note that earlier today there were reports of a plane that crashed carrying several Tesla executives.
[14:57] {Threei} CYCC baby
[15:00] {ese} out cycc .79 +.08.....i'm outta there
[15:04] {Les} TM busting through 74
[15:06] {strider} Buy! Buy!
[15:07] {Les} some consolidation 1st please
[15:09] {Threei} uh oh
[15:09] {Threei} BKC Planning to raise price on the $1 double cheeseburger in April - Chicago Crains
[15:09] {Threei} - $1 double cheeseburger to remain with 1 slice of cheese; two slices will be charged at $1.19 (related MCD WEN )
[15:09] {nemo} all footlongs $5 at subway
[15:10] {lasertrev} lol
[15:10] {Threei} nemo, we still have time till April
[15:10] {Threei} buy all $1 ones we can, freeze them,
[15:11] {nemo} ahhhhh?
[15:11] {nemo} cool
[15:11] {nemo} don't like cheeseburgers anyway
[15:11] {Threei} sell at $1.019 when they raise to $1.19
[15:11] {Les} cooking them at home doesn't taste better?
[15:11] {nemo} hit the bids
[15:11] {nemo} umbrella trade
[15:11] {Threei} we will undercut them and make a fortune
[15:13] {strider} Well, don't quit your day job.............wait, you don't have a day job!
[15:14] {Threei} sigh
[15:14] {Threei} you are a dream-suffocator
[15:14] {nemo} triple digit down, huh Vad?
[15:14] {nemo} H's O D
[15:14] {Threei} well, we may have to wait for that
[15:15] {nemo} yeah
[15:15] {Threei} but what's my risk - no one takes my bets anyway
[15:15] {nemo} it goes in the dail log
[15:15] {Threei} and as klong as this bias doesn't impact my trading, I view it as riskless fun
[15:15] {Threei} which in this era of AIDS is not shabby at all
[15:16] {dino} out fti .99, +.24
[15:16] {Les} what's basis for your selloff hunch?
[15:16] {Les} market remains a bounce vad?
[15:16] {nemo} He's channeling Cramer
[15:16] {Les} ouch
[15:16] {Les} well his track record is proven better than cramer
[15:17] {Threei} why do I have to have basis?
[15:17] {Les} there is no basis for these calls?
[15:18] {Threei} calls??
[15:18] {Threei} calls are buy, sell, stop, exit
[15:18] {Les} working hypothesis
[15:18] {Threei} this is working assumptions
[15:18] {Threei} right
[15:18] {Threei} they are not calls-impacting,
[15:18] {Les} but why 2 days in a row thinking of red?
[15:18] {Threei} they are a stanhdard against wheich observable events are measured
[15:19] {Les} you like blood?
[15:19] {Threei} who doesn't?
[15:19] {Threei} I see a market drop, then bounce, volume dries up
[15:19] {Threei} dollar goes up
[15:19] {Les} ok, so there is a basis
[15:19] {Threei} why wouldn't I assume that downside is more likely?
[15:20] {Threei} but it doesn't mean that's how I am going to trade
[15:20] {Threei} it mweans that what I am going to check for
[15:20] {Les} sure. I thought you were just messing with our heads
[15:20] {Threei} and if it happens - I have one set of plays,
[15:20] {Threei} if doesn't - another
[15:21] {Threei} this is main point
[15:21] {ese} outta here for the day.....catch ya tomorow
[15:21] {Threei} take care ese
[15:21] {Threei} never form a bias that locks youi into directional trades
[15:21] {Threei} keep it as a working assumption, check if it materializes
[15:21] {Threei} and be ready for any of scenarios
[15:22] {Threei} the only bet it's good for is a beer bet with dino and larisa
[15:22] {Threei} we do it for years, long lost track who owes how much beer to whom
[15:22] {Threei} but never miss a chance to make yet anothger bet
[15:23] {Les} ok. tradition is it
[15:24] {dino} someone say bet?
[15:24] {Les} vad says he owes you beer
[15:25] {dino} very good
[15:27] {Les} QCOM .40 b/d?
[15:28] {Threei} doesn't look right to me
[15:28] {Les} ok
[15:35] {nemo} markets likely to run into the close
[15:39] {Threei} QCOM starts looking better
[15:39] {nemo} getting late
[15:39] {Les} ah yeh
[15:40] {Threei} still discretionary trade but at least makes right foermation now
[15:44] {Threei} am so tempted to take TM short home
[15:45] {Threei} and CYCC long
[15:45] {Threei} lol
[15:46] {larisa} makes a joke, laughs at joke :)
[15:46] {Threei} that's called self-sustainability
[15:47] {dino} bgc stopped
[15:47] {Threei} in our era of insufficient resources and growing population I ought to be commended for it, not reperimanded
[15:49] {Les} hmmm. I'd argue washington provides ample resources for jokes and laughs
[15:50] {Les} becoming a national resource
[15:50] {Les} QCOM rinsed me
[15:51] {Threei} that's raw material
[15:51] {Threei} still have to extract the core and work on it
[15:57] {Threei} skipping CYCC
[15:57] {Threei} taking a little TM
[15:58] {Threei} all in all, nice day
[15:58] {Threei} thasnk you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {nemo} cya
[15:59] {Les} ty
[15:59] {dino} out amsc .77
[15:59] {larisa} and thasnk you right back :)
[15:59] {lasertrev} good night all
[15:59] {Threei} sigh
[15:59] {Threei} this woman is unforgiving today
[16:00] {Threei} Reports Q4 -$0.17 v $0.03e, R$1.38B v $1.2Be
[16:00] {Threei} LVS
[16:04] {dino} gn all

Tuesday, February 16, 2010

Feb 15 2010

Positive day but the profit is barely above "worth waking up for" level. Gap and stall days are often like this. Most of plays were just scalps.

Session Time: Mon Feb 15 00:00:00 2010

[08:43] (Threei} ATTENTION non-US based: American markets are closed today. See you tomorrow morning.
[09:11] (ese} just popped in to say hi...force of habit getting up early
Session Time: Tue Feb 16 00:00:00 2010
[07:44] (Les}
[07:44] (Les} I choose to be the Elvish sorceress. Vad, what are you?
[07:44] (Les} Nemo, you the barbarian warrior?
[07:47] (Threei} I'll remain my usuaj useless self, thank you
[07:47] (Threei} (GR) Spain Fin Min: Greece situation is a complex case; Sees no new deficit measures for Latvia, Poland or Hungary (related CE4FX EEM )
[07:48] (Threei} - Will ask Greece to apply deficit cutting measures ASAP
[07:48] (Threei} how lkong before Spain is in the same situation?
[07:48] (Les} they are in the same situation
[07:48] (Les} massive unemployment
[07:48] (Les} fern, whats the % now?
[07:51] (Threei} (GR) EU Economy and Monetary Commissioner Rehn: EcoFin recognizes bold steps taken by Greece
[07:51] (Threei} what steps?
[07:53] (Les} telling the EU to piss off. that's bold enough
[07:54] (Threei} oh
[07:54] (Threei} that makes sense then for EU to recognize that such step was taken
[08:00] (Les} is this going to be another news release, nothing happening, what's going on day?
[08:01] (Threei} who knows
[08:01] (Les} futures flat, no notable earnings release. you got anything on watch?
[08:02] (Threei} ONCY Receives Approval from the U.K. MHRA to Conduct Phase 3 Trial for REOLYSIN in Head and Neck Cancers
[08:03] (Threei} mostly usual suspects for now
[08:03] (Threei} then whatever news and scanner spit out
[08:04] (Les} Friday wrapped up first month of "getting" what market is about.
[08:04] (Les} result is 1% loss. $250
[08:04] (Les} 2nd month goal is to turn up positive result
[08:05] (Threei} question
[08:05] (Les} shoot
[08:05] (Threei} do you know what made it a losing month?
[08:05] (Les} me
[08:05] (Threei} well... yes but too generic
[08:06] (Threei} which partticular mistake, what to change?
[08:06] (Threei} what I drive at is:
[08:06] (Threei} it shoukdn't be a process of aimless wadnering until you get it
[08:06] (Les} yes, I have detailed files (to quote Schwazeneger in Terminator 2)
[08:06] (Threei} it would be too long and too painful
[08:06] (Les} stops, stops, stops. always the stops
[08:07] (Les} plus...
[08:07] (Les} trading less than well defined setups, thinking I can go with the trend or get in early
[08:07] (Threei} purposeful analysis of your trades with strioctly defined errors and recipes to correct them - that will shave years off the leasrning curve
[08:07] (Threei} ask me how I know
[08:07] (Les} how?
[08:07] (Les} :)
[08:08] (Threei} by having nofrikin one to show me how 14 years ago
[08:08] (Les} yes. your setups make more sense than ever, as I've tried playing other weaker or imaginary setups
[08:08] (Les} TM was huge winner for me
[08:08] (Les} and huge loser
[08:08] (Threei} (CA) Canadian Fin Min: Announces new home finance borrowing incentives for govt-backed mortgages, sees no evidence of Canada housing bubble
[08:08] (Threei} - Calls Canada's housing market "healthy and stable"
[08:09] (Les} funny, everyone saying same thing in australia
[08:10] (Threei} can't say for entire Canada of course, but from what I see in my neck of the woods, it's true
[08:10] (Threei} and it's second-most expensive place in Canada
[08:12] (Threei} US) Preview: Feb Empire Manufacturing data expected at 8:30am ET (13:30 GMT)
[08:12] (Threei} - Consensus expectations is 18.00 v 15.92 prior
[08:13] (Threei} PAAS
[08:13] (Threei} Pan American Silver Corp. (USA Yesterday declared first cash dividend $0.025/share -filing (yield less than 1%)
[08:13] (Threei} - The dividend will be distributed on or about Friday, March 12, 2010. Specific dates and amounts of future dividends will be determined by the Board on an ongoing basis.
[08:19] (strider} x
[08:19] (Threei} marking some spot?
[08:20] (strider} yeah...can't pee that far.
[08:20] (Threei} got it
[08:20] (strider} X
[08:27] (nemo} GM asylum mates
[08:27] (Threei} nemo :)
[08:28] (nemo} you'll be proud...2 day hangover
[08:28] (Threei} impressive
[08:28] (fernp} Good morning everybody
[08:28] (Threei} fern :)
[08:28] (nemo} Glad new years only comes once
[08:28] (Threei} AONE RBC Initiates AONE with Outperform, price target: $22
[08:29] (Threei} (EU) EU Commissioner Rehn: EU commission preparing papers regarding increasing economic governance
[08:29] (nemo} gold through the roof
[08:29] (Threei} US) FEB EMOIRE MANUFACTURING: 24.9 V 18.0E
[08:33] (Threei} SQNM Announces Launch of SensiGene Fetal(XY) (Fetal Sex Determination) Test
[08:42] (Les} PM miners catching a bid
[08:42] (nemo} just look at gold and silver
[08:59] (Threei} Technical Analtsts at UBS comment on market levels; See US equity markets heading towards a contrarian buying level
[08:59] (Threei} - US: Maintain last weeks call for using weakness as buy/add opportunity, see break above 1093 in the SPX as trigger of longer term up movement
[08:59] (Threei} - Advocate buying weakness or a break in the 1093 SPX level
[08:59] (Threei} - Eurioe: With no close above 2730 in the EuroStoxx can not call a bottom, see 2555 as strong supprt and break ahead of 2730 as sign of long term buy
[09:06] (dino} gm all
[09:06] (Threei} dino :)
[09:06] (Threei} TBUS Announces New Multi-Year Global Supply Agreement With Volvo of Sweden
[09:08] (dino} jst spit
[09:08] (dino} splut
[09:08] (dino} split, sheesh
[09:08] (Threei} it's contagious
[09:10] (ese} morning
[09:11] (dino} rigl does 100m deal and drops
[09:11] (Threei} ese :)
[09:12] (Threei} 100 m is just an upfront payment
[09:12] (Threei} with up to an additional $345M payable if specified development, regulatory and first commercial sale milestones are achieved.
[09:12] (Threei} Rigel will also be eligible to receive up to an additional $800M of specified sales related milestone payments if the product achieves considerable levels of commercial success, as well as significant stepped double-digit royalties on net sales worldwide.
[09:13] (dino} and it drops a buck
[09:13] (Threei} I guess if whole amount were paid upfront, RIGL would have been delisted on a spot
[09:14] (dino} lol
[09:16] (larisa} gm all :)
[09:16] (Threei} larisa :)
[09:16] (nemo} iral :)
[09:16] (larisa} vad. nemo :)
[09:16] (nemo} (:
[09:16] (Threei} just call him omen
[09:16] (Threei} that'kk show him
[09:16] (nemo} nice...
[09:17] (nemo} then you can call me Damien
[09:17] (Threei} Les will splash holy water
[09:17] (Threei} strider will distribute garlic
[09:17] (nemo} nah...that would burn him too
[09:18] (nemo} I'm not a frickin' vampire
[09:18] (Threei} will you be so kind to drive the wooden stake through your own heart to make our task easier?
[09:18] (Threei} so what, that should work anyway
[09:18] (nemo} speaking of...watched Shadow of the Vampire again this weekend..great movie
[09:18] (strider} Did somebody call me?
[09:19] (nemo} no
[09:19] (Threei} as Buffy said, You'd be amazed how many things can be killed with stake
[09:19] (billyc} gm all
[09:19] (Threei} billy :)
[09:22] (dino} ahh buffy, that was one hot gal
[09:23] (nemo} Kristy Swanson?
[09:23] (Threei} Sarah Geller
[09:23] (nemo} that was the TV show
[09:23] (nemo} I'm talking the original movie with Rutger Hauer
[09:24] (ese} contrarian buying level?
[09:24] (nemo} on what dude?
[09:24] (ese} sorry am behind....just reading previous posts
[09:25] (dino} geller my fav, but swanson mighty nice too. have to luv a girl that can take care of herself
[09:25] (ese} Technical Analtsts at UBS comment on market levels; See US equity markets heading towards a contrarian buying level
[09:25] (ese} what the hell is that........thats a new one
[09:26] (Threei} here is full text
[09:26] (Threei} Technical analysts at UBS comment on market levels, see US equity markets heading toward a contrarian buying level
[09:26] (Threei} - US: Maintain last week's call for using weakness as buy/add opportunity, see break above 1093 in the SPX as trigger of longer term up movement.
[09:26] (Threei} - Advocates buying weakness or a break in the 1093 SPX level.
[09:26] (Threei} - Europe: With no close above 2730 in the EuroStoxx can not call a bottom, see 2555 as strong support and break ahead of 2730 as sign of long term buy.
[09:26] (dino} value added, we are 3% above the low
[09:27] (ese} man these goofs will try anything to sound intelligent......
[09:27] (Threei} CLWR Goldman Sachs discloses passive stake increased to 6.1% from 1% - filing
[09:27] (Threei} - Goldman is now the 5th largest holder
[09:28] (lasertrev} morning
[09:28] (Threei} trev :)
[09:28] (ese} LT
[09:29] (Les} did someone want me to kill Nemo?
[09:30] (Les} big vol. in miners
[09:31] (dino} rigl sm l .75
[09:33] (Threei} Long Setup: WFC .25 break
[09:33] (Threei} stop under .15
[09:35] (dino} rigl stop is .47
[09:35] (nemo} gap at .53 dino
[09:35] (dino} yeah, i jumped the shark on .75
[09:37] (Threei} no go WFC
[09:37] (fernp} yes, stopped
[09:38] (fernp} STX, VAd? 19 break?
[09:38] (ese} wfc pullback maybe vad?
[09:38] (nemo} rimm .88 is pivot, short below
[09:38] (Threei} STX, yes
[09:38] (nemo} also support
[09:39] (Threei} WFC rince...
[09:39] (Threei} rinse
[09:39] (ese} ok
[09:39] (Threei} not sure ese
[09:39] (Threei} just goes with market
[09:39] (Les} NTES
[09:40] (fernp} .95 or .90 stop for STX, Vad?
[09:40] (ese} yup
[09:40] (Threei} .90
[09:40] (fernp} ty
[09:40] (nemo} 1/2 out rimm
[09:43] (nemo} stopped balance
[09:46] (nemo} frickin rimm
[09:46] (Les} rinsed ya
[09:46] (nemo} got 1:1
[09:46] (Les} k
[09:49] (Les} RIMM going for the gap fill?
[09:49] (nemo} not sure, probably though
[09:49] (dino} uthr
[09:50] (Les} s RIMM .58 small shares
[09:50] (Threei} Long Setup: X half lot .95 break
[09:50] (Threei} if stays above .80
[09:51] (Threei} 1:1
[09:52] (fernp} ty Vad
[09:52] (Threei} welcome
[09:52] (Les} half out ty
[09:52] (ese} nice call vad.....missed it
[09:53] (dino} uthr sm l .65 ave, risky
[09:56] (Les} stopped flat balance x
[09:58] (Threei} Short Setup: UAUA 16 break
[09:58] (Threei} if stays under .10
[09:59] (Threei} STX 1:1
[09:59] (fernp} ty
[10:00] (Threei} COIN Partners with Syndicated Gardening Radio Show to Drive Organic Fertilizer Sales in New England
[10:02] (strider} full lot confidence in UAUA, vad?
[10:02] (strider} if breaks?
[10:03] (nemo} discretionary now
[10:03] (nemo} huge buy at .10
[10:03] (Threei} it invalidated
[10:03] (strider} yep
[10:03] (fernp} PALM .95 break, vad?
[10:04] (Threei} hmm
[10:04] (Threei} hard to tell
[10:05] (Threei} if stays above .85 even during market drop and consolidates for 5-10 min more, maybe
[10:05] (strider} STX, salmon wanna be?
[10:06] (Threei} pretty much
[10:06] (Threei} just don't chase if looking for new entry
[10:06] (Threei} it makes pullbacks
[10:06] (strider} 1/3 still in from .02
[10:06] (Threei} ok
[10:06] (Threei} stop under b/e and let it trade
[10:07] (strider} PALM short?
[10:08] (Threei} ,80 break with .90 as a resistance... but I'd really prefer to see more consolidation
[10:08] (Les} I like palm as short on 1, 15 and 60 min. chart
[10:08] (strider} k
[10:08] (Threei} and decisive market breakdown
[10:08] (Threei} which to me we are likely to get
[10:09] (Threei} if I were asked toi bet on today's close, I would say triple digits red
[10:09] (Threei} but dino and larisa are not betting folks
[10:09] (Threei} so I have no one to bet with
[10:09] (dino} uthr stopped -.33
[10:10] (dino} whooshed
[10:10] (nemo} need dramamine?
[10:10] (dino} yeah
[10:11] (dino} swm sm l .55
[10:11] (Les} I'm a betting person, but not experienced enough to go against your call
[10:12] (dino} bet? open gap fill and up
[10:13] (Les} I have bottle of Grasovka I don't drink as collateral for bet...
[10:13] (fernp} ALTR, Vad. Any read?
[10:13] (Threei} no
[10:14] (Threei} Short Setup: RIMM .75 break
[10:14] (Threei} if stays under .90, and desirably even under .85
[10:14] (ese} L bebe .27
[10:15] (dino} swm stopped, -.35
[10:15] (ese} sm
[10:16] (nemo} stopped rim
[10:16] (Threei} yeah
[10:17] (dino} ugh uthr
[10:17] (Threei} AINE...
[10:17] (nemo} aone?
[10:17] (strider} ??
[10:17] (Threei} tries to gain momo on morning upgrade
[10:17] (Threei} yes
[10:17] (Threei} AONE
[10:18] (nemo} rinse rimm
[10:18] (ese} out bebe .42
[10:18] (ese} +.15
[10:18] (dino} gj
[10:19] (ese} tks
[10:19] (Threei} rude RIMM
[10:19] (ese} jees .416825
[10:19] (dino} swm pretty good drop
[10:20] (Threei} that's highway robbery ese
[10:20] (fernp} I hate RIMM. PALM, Vad? if breaks?
[10:21] (Threei} I think so
[10:21] (nemo} nah, we boo booed on RIMM, pivot resistance was at .88 and vwap was at .91, bad stop placement
[10:21] (ese} yup
[10:21] (ese} wa only 1500shs
[10:22] (nemo} ohhh, big bid at .80 on palm
[10:22] (Les} should drop like a ton if it breaks thru that
[10:25] (dino} bgc sm l .50
[10:26] (fernp} ALTR 1:1
[10:29] (dino} risky swm sm l .02
[10:30] (strider} is PALM lookng better now?
[10:30] (nemo} looking long now
[10:30] (strider} well that's better.
[10:31] (nemo} pov
[10:31] (strider} that's right, Maury
[10:31] (dino} cml l .80
[10:31] (ese} L apwr .80
[10:32] (fernp} SNDK, Vad?
[10:33] (Threei} Market Internals update at 10:30amET
[10:33] (Threei} - NYSE volume 190M shares, about 23% below its three-month average; advancers lead decliners by 3.1:1.
[10:33] (Threei} - NASDAQ volume 455M shares, about 10% below its three-month average; advancers lead decliners by 1.6:1.
[10:33] (Threei} - VIX index +2.2% to just over 23.00
[10:34] (ese} out apwr .88 +.08
[10:34] (ese} daaaaaaaaa
[10:37] (Threei} a bit of a gambling call, make it discretionary:
[10:37] (strider} out last of STX, .35
[10:37] (Threei} Long Setup: AONE .70 break
[10:38] (Threei} wtg strider, nice one
[10:38] (strider} did an umbrella trade during that one.
[10:39] (Threei} it was a good candidate
[10:39] (strider} wish I'd had more shares, I'd have stuck around awhile longer.
[10:39] (Threei} RIGL Hearing Rodman & Renshaw making positive comments; Reiterates Outperform rating, price target $26 (timing uncertain)
[10:40] (Threei} 26, eh?
[10:40] (ese} stec .99 L
[10:40] (ese} ahhhh .98
[10:40] (Threei} you'd think it should be capable of making single uptick on such an upograde?
[10:40] (ese} this is you dino
[10:41] (ese} didn't make -2.00 but looks good
[10:41] (dino} lol
[10:41] (fernp} .60 is AONE stop?
[10:41] (ese} stop .80
[10:41] (dino} 2.6 he means
[10:44] (ese} if stec makes .40 today......will make a huge reversal bar on the daily chart....
[10:44] (Threei} just under fern
[10:45] (fernp} ok
[10:45] (Threei} keep size controlled, stock is volatile
[10:45] (fernp} yes, ty
[10:45] (nemo} oops
[10:46] (fernp} impossible
[10:47] (_cricket} New guy here, just want to make sure AONE Long above .70 and stop is below .60
[10:47] (fernp} UAUA Vad
[10:47] (nemo} yep
[10:47] (Threei} yes cricket, but don't chase
[10:47] (_cricket} k thx
[10:48] (nemo} mmmmhhhh fish eat crickets
[10:48] (Threei} this is very volatile stock, that's why comment about call being discretionary
[10:48] (_cricket} nemo i hope there is no fish here
[10:48] (Threei} lol, nemo is clownfish
[10:48] (Les} a fish head, yes
[10:49] (Threei} UAUA.. we forgot about it fern
[10:49] (Threei} short reestablished itself and worked like charm
[10:49] (Threei} my fault
06[10:49] * nemo slaps Threei around a bit with a large cricket
[10:49] (Threei} RIGL woke up
[10:49] (dino} welcome cricket
[10:49] (_cricket} thx dino
[10:49] (fernp} no problem Vad. I took .73 w/stop above .81
[10:50] (fernp} 1:1 is here
[10:50] (fernp} ty
[10:50] (dino} swm stopped again
[10:50] (fernp} PALM still there
[10:50] (Les} PALM returning to trigger
[10:50] (Threei} welcome... but I wish I continued monitoring it and called 16 break short second time
[10:50] (Les} u r too fast fern
[10:51] (Threei} plants are fast Les, didn't you know?
[10:51] (fernp} and PALM now, Vad. What do u think?
[10:51] (nemo} rigl should run into resistance just above 9
[10:51] (Threei} nah, not without more solid consolidation
[10:51] (Les} ferns are prehistoric
[10:51] (Threei} I still like the idea of shorting on .80 break
[10:52] (fernp} ok
[10:52] (Threei} but it's hard to structure play now
[10:52] (nemo} look at the bid at .80
[10:52] (Threei} that's why I like it nemo
[10:52] (strider} PAAS salmon
[10:53] (nemo} rimm forming rising wedge
[10:54] (strider} paLM broke
[10:55] (Les} hmm big vol. spike down. don't like it
[10:55] (Threei} that's the volume from hitting that bid, Les
[10:56] (Threei} how else do you expect it to break such bid?
[10:56] (Les} k
[10:56] (Les} hoping it was going to break on silver platter for me
[11:01] (Threei} mot much action today
[11:01] (Threei} aside of X and STX
[11:01] (Threei} those two were beauties
[11:01] (ese} L gnvc .3675
[11:01] (Threei} the rest is zzzz
[11:02] (ese} huge
[11:02] (Threei} I am scarwed even to ask what huge is in your term ese
[11:03] (strider} AET forming inverse c&h
[11:03] (Threei} 100K?
[11:03] (ese} no 15k
[11:03] (Threei} whew
[11:03] (Threei} scared me for a sec :)
[11:04] (ese} quick stop .34
[11:04] (nemo} do we have a stop on palm?
[11:04] (dino} bwld .74 sm l
[11:05] (ese} sorry vad 20k not 15
[11:05] (ese} old time fitb look here
[11:07] (Threei} I don't nemo, I said I don't see how to structure the play
[11:07] (dino} enoc
[11:08] (Threei} wherever it was placed prior entry, it makes sense to trail it now
[11:08] (ese} nice
[11:09] (Les} ok. PALM lod b/d with ..85 stop?
[11:09] (dino} enoc sm l .99
[11:10] (ese} out gnvc .39
[11:10] (Threei} S&P analyst comments that US "shadow" housing inventory may take 33 months to clear
[11:10] (Threei} - The current "shadow inventory" (which includes all delinquent loans, not only those that are real estate owned [REO]) of troubled mortgages will likely take about 33 months--or nearly three years--to clear at the current rate of liquidations. Moreover, we believe this estimate is conservative, as we do not assume any loans that have yet to show any serious signs of distress to date will default in the future and further increase the overhang of homes. Nonetheless, we believe that in reality additional loans will default in the near future due to the weak economic environment, distressed residential home values, and the resulting contraction in the supply of mortgage finance.
[11:10] (ese} $500 bucks the easy way
[11:11] (Les} a juicy type 1 - nice
[11:11] (Threei} Verizon Communications Launches strategic parternership with Skype to allow Skype service on smartphones
[11:11] (Threei} ***Note that on 2/15 the FT reported that Verizon would disclose a partnership with Skype to allow its customers to make free or low-cost calls using Skype on its network.
[11:12] (Threei} Short Setup: X .75 half lot
[11:12] (Threei} if stays under .90
[11:14] (Threei} invalidated for now
[11:14] (ese} tks les
[11:14] (nemo} breaks don't seem to be playing today
[11:15] (nemo} the whack-a-mole algos are at it today
[11:15] (Threei} UAUA. STX and X will beg to differ
[11:16] (nemo} rimm palm and a few others I've looked at, no
[11:17] (ese} daaaaaa stopped stec .80 -.18
[11:17] (nemo} aone didn't either
[11:17] (Threei} AONE went 1:1, then died
[11:17] (Threei} what's the problem with that?
[11:17] (nemo} oh, it hit 1:1...
[11:17] (nemo} yep
[11:18] (nemo} well, almost
[11:18] (fernp} ALTR, SMH, FAZ, UAUA and STX breakouts worked for me nemo :-)
[11:18] (nemo} o.k. I give
[11:20] (Threei} too late... we made a firm commitment to slap you with some other fish as soon as you are not looking
[11:20] (nemo} like brk.b long on brak of .70?
[11:20] (nemo} .04 stop...
[11:20] (strider} HIG?
[11:21] (Threei} not sure BRK.B
[11:21] (Threei} BBs tightened greatly
[11:21] (Threei} spike is coming,
[11:21] (Threei} and I would put odds of spike down a little greater than up
[11:22] (nemo} well, you're going with triple digit down today, right?
[11:22] (fernp} SBUX any opinion, Vad?
[11:22] (Threei} that's my attempt to call yellow bellies on the carpoet
[11:22] (nemo} lily livered yellow bellies?
[11:22] (Threei} I don't see any play on HIG, strider
[11:23] (Threei} just moves with market
[11:24] (Threei} SBUX... chart is right, everything else is not
[11:24] (Threei} time of the day, market stance
[11:24] (Threei} everything says stay away, it's pretty much random
[11:24] (Les} APC .60 break?
[11:24] (fernp} ok ty
[11:24] (Threei} no Les, not by me
[11:25] (Threei} and...
[11:25] (Threei} Short Setup: BRK.B .65 break
[11:26] (nemo} this stock reminds of the guy who used to draw "Bloom County
[11:28] (Threei} SO Confirms US Administration loan guarantees for nuclear power plants
[11:28] (ese} L yhoo .32
[11:28] (Threei} - U.S. Department of Energy (DOE) has offered its subsidiary Georgia Power a conditional commitment for loan guarantees for the construction of the nation's first nuclear power units in more than 30 years, a move designed to help spur a renaissance in America's nuclear industry.
[11:29] (Threei} BRK.B is invalidated
[11:29] (Threei} this sudden market spike added to randomness
[11:29] (Threei} Preview: several Fed speakers are scheduled to speak this afternoon
[11:29] (Threei} **at 12:00ET, Kansas City Fed Pres Thomas Hoenig will speak at a forum on budget policy about "Avoiding a Government Debt Crisis." Advance text and Q&A are TBA.
[11:29] (Threei} **at 12:30ET, Atlanta Fed Pres Dennis Lockhart will speak on early childhood education. He will take Q&A after the speech.
[11:29] (Threei} **at 12:45ET, the new Minneapolis Fed Pres Narayana Kocherlakota will discuss the economic outlook. An advance text and audience Q&A are expected. This will be Kocherlakota's first public speech since being named the Minneapolis Fed president on Oct 8.
[11:30] (nemo} that's a name
[11:32] (ese} out yhoo .37 +.05
[11:32] (nemo} brk.b stopped at 200
[11:34] (strider} Do laser's charts not adjust for splits?
[11:34] (Threei} somew do some not... gtta ask trev
[11:35] (Threei} PALM won't go up with market
[11:36] (Threei} more and more looks like downside salmon in the making
[11:36] (Threei} only this market strewngth keeps it floating
[11:37] (Threei} be back in 30 min guys
[11:38] (nemo} rimm probably looking to close gap
[11:38] (ese} L mpel .89 sm
[11:39] (ese} broke 3 days high
[11:41] (Les} energy stocks look like they want up. APC continues higher. back later
[11:42] (nemo} oil way up
[11:42] (ese} think i might have goofed on this vad......i know it's one of your screens but the momo isn't what it should be
[11:42] (ese} maybe the market will help it
[11:42] (strider} vad's out for 30 min.
[11:43] (nemo} yeah but _notvad is here
[11:43] (strider} oooooooohhhhhhh!
[11:44] (ese} oh well here we go
[11:48] (ese} out .91 mpel +.02 call it break even....not enough momo
[11:54] (_pronk} Hi guys, I assume most of all use itelli scan, but what brokers and software do you recommend for trading?
[11:54] (_pronk} location Canada if that makes a difference
[11:54] (strider} Hi pronk.
[11:55] (_pronk} strider
[11:55] (strider} I don't use intelliscan.. use Laser software.
[11:55] (_pronk} for everything
[11:55] (strider} no.
[11:56] (strider} For daytrading.
[11:56] (strider} MB Trading for other stuff.
[11:57] (nemo} LASER has excellent execution, charts a bit limited
[11:57] (_pronk} what do you use for a scanner?
[11:57] (nemo} Vad uses intelliscan
[11:58] (nemo} Dino, has his own setup through his broker
[11:58] (strider} I use a newsfeed........and vad:)
[11:58] (nemo} Frankly, I watch a set of stocks and trade them
[11:58] (nemo} If, somebody points out a wild one, fine
[11:58] (dino} cyber/schwab st smartpro
[11:58] (larisa} I use Laser and MBtrading side by side. Laser executions win on fast stocks.
[11:59] (dino} magoo w/laser, better executions than i get
[11:59] (nemo} also, BEAR capital's costs are low
[11:59] (_pronk} Great, thanks for all the suggestions
[12:01] (strider} HIG h&s
[12:01] (nemo} yeah, but a swamp of support below it until .73
[12:02] (nemo} although. looking at trend line from Friday...
[12:02] (nemo} tough call
[12:07] (strider} CAT maybe
[12:09] (nemo} dropping volume on this peak
[12:10] (nemo} lunchtime..not fond of breakouts at this time
[12:10] (dino} swm sm l .51
[12:10] (nemo} I actually give cat short better os
[12:10] (nemo} odds
[12:10] (strider} SLE halted
[12:11] (strider} they found somebody that doesn't like Sara Lee?
[12:11] (larisa} lol
06[12:11] * nemo slaps strider around a bit with a large pound cake
[12:11] (strider} can I get ice cream with that?
06[12:12] * nemo slaps strider around a bit with a large bowl of Heavenly Hash
[12:12] (Threei} back
[12:12] (nemo} happy happy joy joy
06[12:13] * Threei slaps nemo around a bit with a large dose of anti-sarcasin
06[12:13] * nemo drinks a large dose of anti-sarcasm -antidote
[12:13] (Threei} (US) Fed's Hoenig: Need to cut spending and raise taxes now; rising debt threatens Fed independence, inflation, and debt goals
[12:13] (Threei} - Hyperinflation is possible when the economy is under a great deal of stress.
[12:13] (Threei} - There is a risk the Fed may be asked to monetize US debt; feels if the fiscal situation is not addressed the currency will weaken
[12:13] (Threei} - US fiscal policy needs to concentrate on cutting debt.
[12:14] (Threei} this is beyond pale:
[12:14] (Threei} - There is a risk the Fed may be asked to monetize US debt
[12:15] (Threei} what the deuce? after all the affirmations "we are not going to monetize debt" and after all the whining about Fed's independnce?
[12:15] (nemo} they have been monetizing the debt
[12:17] (dino} salvation thru inflation
[12:17] (Threei} Market Internals update at 12:00pmET
[12:17] (Threei} - NYSE volume 360M shares, about 20% below its three-month average; advancers lead decliners by 3.9:1.
[12:17] (Threei} - NASDAQ volume 890M shares, about 5% below its three-month average; advancers lead decliners by 1.9:1.
[12:17] (Threei} - VIX index -1.75% to just over 22.00
[12:22] (Threei} Short Setup: PALM .75 break if stays under .85
[12:24] (nemo} could that be a two-way, because the top of a trend line since Friday at 1:00 is right around .81
[12:30] (Les} CLF 48 b/d?
[12:30] (Threei} yes but half lot
[12:30] (Threei} thin one
[12:37] (strider} we still waiting on PALM?
[12:38] (fernp} yup
[12:38] (Threei} (US) Preview: Feb NAHB Housing Market Index due out at 13:00ET
[12:38] (Threei} **consensus expectation: 16e v 15 prior
[12:40] (strider} Panasonic upgraded earlier to Hold from Sell at Citigroup :t
[12:40] (strider} If the previous advice was to sell....what is there now to hold?
[12:42] (dino} swn out .04,
[12:42] (dino} +.54
[12:45] (fernp} gj dino
[12:48] (dino} needed that
[12:48] (fernp} KLIC any read, Vad?
[12:48] (Threei} I guess it's "if you were smart enough not to listten to our sell advice, now hold"
[12:49] (Threei} yea fern
[12:49] (Threei} I read KLIC as infuriating stock
[12:49] (Threei} day adter day it hits my scanner
[12:49] (Threei} look at daily
[12:50] (strider} If not KLIC, how about KLAC?
[12:50] (Threei} and day after day I can't find damn entrey on it
[12:50] (strider} I think they're brothers.
[12:50] (fernp} ty Vad
[12:50] (fernp} daily is too extended
[12:50] (Les} AIG fallen under 200 and 50 ma on 1 min.
[12:50] (Threei} that's what I think for the whole of last week
[12:51] (Threei} yet darn thing extends even further, lol
[12:51] (fernp} lol
[12:52] (fernp} DNDN also consolidating on highs
[12:52] (Les} stopped CLF
[12:56] (Threei} US) Fed's Hoenig: Fed asset purchases have brought the Fed into the political sphere - Q&A
[12:56] (Threei} no really?
[12:56] (Threei} - Need to remove assets from the balance sheet as quickly and as systematically as possible
[12:57] (Threei} - may encounter adverse affects on the economy if the Fed does not shrink the balance sheet to normal
[12:57] (nemo} define normal
[12:57] (strider} _notnemo.
[12:57] (nemo} nice
[12:58] (Threei} rofl
[12:58] (Threei} that was good one strider
[12:58] (dino} lol
[12:58] (nemo} magoo would enjoy that
[12:58] (Threei} no jkidding, where is the old alcoholic??
[12:59] (dino} i don't know, snow storm, so maybe out plowing
[12:59] (Threei} speaking of... I may have to redeem my own sins on this weekend. I corrupted patience by introducing her to straight vodka
[12:59] (dino} had a seagrams citus martini on sunday, quite tasty
[13:00] (Threei} *(US) FEB NAHB HOUSING MARKET INDEX: 17 V 16E
[13:00] (Threei} - no revisions
[13:00] (Threei} - NAHB Economist: (related SPY SHY EUR/USD XHB )
[13:00] (nemo} hah swm might go momo
[13:05] (fernp} FITB around 12 Vad. Any suggestion?
[13:05] (nemo} rimm climing against market
[13:06] (Threei} daily is nice for 12 break fern,
[13:06] (fernp} maybe tomorow
[13:06] (Threei} just need according market acrivity
[13:06] (fernp} yes
[13:07] (Les} NOV .70 b/d?
[13:07] (Threei} market right nowe is deasd a a doornail in yesterday's cake
[13:07] (Les} after this bounce?
[13:07] (Threei} probably Les
[13:07] (Threei} kind of 51/49
[13:08] (larisa} doornail in cake??
[13:09] (Threei} yesterday's cake
[13:12] (nemo} swm kinda looks like Maine
[13:13] (Threei} tempted to short X
[13:13] (nemo} and I was just looking at it long
[13:13] (Threei} don't see clean setup yet
[13:13] (nemo} bounced right off 200 and formed a morningstar
[13:13] (nemo} that's bullish
[13:14] (nemo} geek inverted H&S
[13:17] (ese} gotta go all......have had a good day cya tomorrow
[13:17] (Threei} take care ese
[13:17] (ese} cya vad
[13:18] (Threei} should have listened to nemo
[13:18] (nemo} about what?
[13:18] (Threei} taking X long
[13:19] (nemo} oh
[13:21] (nemo} fas had a nice break above .20 but the .35 stop wasn't too my liking, probably goes to .75 today
[13:23] (nemo} ahh 69.75 that is
[13:24] (Threei} Fed's Kocherlakota: Inflation may increase if the Govt fails to adopt good policies - Q&A
[13:24] (nemo} third trip for rimm to this area
[13:28] (dino} lgf
[13:30] (nemo} Icahn tender offer
[13:30] (Threei} LGF Second largest holder Icahn reportedly launches a tender offer for 13.2M shares at $6.00/shr
[13:30] (Threei} - Note: Icahn had disclosed an increased stake to 15.1% in Feb.
[13:33] (Threei} SQNM suddenly found strength
[13:33] (Threei} news is out premarket
[13:33] (strider} short HOG .97, stop .00 :)
[13:33] (fernp} FITB broke 12
[13:36] (Threei} SQNM tries to develop momo
[13:38] (dino} thx 3i, found it, lgf
[13:39] (nemo} rimm building wedge
[13:42] (Threei} anyone has suggestions for plays on nuclear energy?
[13:42] (Threei} USEG used be one but it's a piece of crap now
[13:43] (Threei} SQNM, see if pulls back harshlky into 5-5.10
[13:43] (Threei} should be a scalp entry there
[13:44] (strider} Do you just buy the pullback, vad....or is there still a setup to wait for?
[13:44] (Threei} momo... rarely gives setups
[13:44] (nemo} you like fas break of 72 stop under .60?
[13:44] (nemo} could be a switchitter uner .60
[13:45] (Threei} 50/50, nemo...
[13:45] (Threei} oh, and credit where credits due... kudos to Obama for finding guts to restart nuclear power
[13:48] (patience} .
[13:48] (Threei} works, FAS
[13:49] (Threei} went for it nemo?
[13:49] (nemo} no
[13:49] (fernp} i played FAZ .69 breakdown and .49 breakdown
[13:49] (fernp} worked great!!!
[13:50] (nemo} you shorted faz?
[13:50] (fernp} yes
[13:51] (nemo} rimm testing top of triangle
[13:52] (strider} have we hit the HOD?
[13:52] (nemo} on indexes? below
[13:53] (strider} huh?
[13:53] (nemo} HOD on what?
[13:53] (strider} indexes
[13:53] (strider} indices, actually.
[13:53] (Threei} anf they are both are English-speaking
[13:53] (nemo} "below"
[13:54] (strider} what does that mean?
[13:54] (strider} below
[13:54] (nemo} below the HOD
[13:54] (fernp} debajo
[13:54] (strider} I know we're below, nemo.
[13:54] (nemo} [13:52] (strider} have we hit the HOD?
[13:54] (nemo} [13:52] (nemo} on indexes? below
06[13:54] * nemo slaps strider around a bit with a large pair of reading glasses
[13:54] (strider} Will the indexes make a new high this afternoon?:)
[13:55] (strider} you didn't answer my question. You answered another question.
06[13:55] * nemo slaps strider around a bit with a large quija board
[13:55] (strider} oija
[13:55] (nemo} weja
[13:55] (strider} or 'wee-gee" in east Tennessee.
[13:56] (nemo} wegahh in Mass
[13:56] (strider} figgurs
[13:56] (nemo} figahhs
[13:59] (strider} I lak th way you talk.
[14:00] (nemo} you got a purdy mouth
[14:00] (nemo} I gotta' go shoot myself
[14:00] (strider} uh-oh.
[14:01] (nemo} Deliverance
[14:01] (strider} Slingblade.
[14:01] (strider} Some people call it a kaiser blade.
[14:02] (nemo} a caesar blade?
[14:03] (nemo} aig riding support
[14:03] (larisa} whos your favorite olimpian strider?
[14:03] (strider} don't know how you spell that usage.
[14:03] (strider} favorite?
[14:03] (nemo} kaiser=caesar
[14:03] (Threei} Zeus?
[14:03] (nemo} nice 3i
[14:03] (larisa} sigh
[14:03] (strider} don't mean it's spelled that way for a slingblade.
[14:03] (nemo} I like Jupiter
[14:03] (strider} jump in anywhere, laris.
[14:04] (nemo} I know...I'm just bored
06[14:04] * nemo slaps larisa around a bit with a large down taffeta pillow
[14:04] (strider} HOG forming a head & shoulder & head & shoulder
[14:04] (Threei} Market Internals update at 2:00pmET
[14:04] (Threei} - NYSE volume 540M shares, about 12% below its three-month average; advancers lead decliners by 4.2:1.
[14:04] (Threei} - NASDAQ volume 1.27B shares, about 7% below its three-month average; advancers lead decliners by 1.9:1.
[14:04] (Threei} - VIX index -0.75% to just over 22.50
[14:05] (nemo} oh a quasimodo
[14:05] (Threei} lol
[14:05] (strider} sort of .
[14:05] (Threei} pains me to admit but it was a good one nemo
[14:05] (nemo} :)
[14:06] (strider} now you rurn't him.
[14:06] (nemo} nah...
[14:07] (nemo} can't get much worse
[14:07] (strider} One can only hope.
[14:07] (nemo} hope is a dirty word
[14:07] (nemo} hope=expectations=not_reality
[14:08] (strider} So my choice is between nemo and fantasy?
[14:08] (strider} hmmm...
[14:08] (nemo} carful bub...
[14:09] (strider} somebody please sit on the HOG.
[14:09] (nemo} ?
[14:09] (strider} jump up and down, do something.
[14:09] (nemo} whack the kickstand
[14:09] (strider} here we go.
[14:13] (nemo} spy bounced of 200
[14:15] (nemo} bgc DBI or long?
[14:17] (Threei} BBs tightened greatly
[14:17] (Threei} but direction is anyone's guess
[14:17] (dino} was down 4 friday
[14:18] (nemo} volume coming in
[14:19] (nemo} even fas trading by appointment
[14:20] (nemo} some big sells in bgc
[14:22] (nemo} wow 264000 and 349000 lots just hit bids
[14:23] (strider} just add 2 zeros.
[14:23] (nemo} oh still big
[14:24] (nemo} sorry
[14:24] (strider} somebody's scarfin up everything at .70
[14:24] (nemo} mhhhh, offer miht be lifting
[14:24] (nemo} might
[14:25] (Threei} sleeepy market
[14:26] (Threei} BGC seems to swear off trading
[14:26] (Threei} I, BGC, solemnly swear nevfer ever to move any single cent again
[14:28] (nemo} shoulda' bought on your comment
[14:32] (Threei} well... you would have sqwueezed whole 5 cents out of it
[14:32] (nemo} .08
[14:33] (strider} KFT spikke
[14:33] (strider} spike
[14:34] (nemo} I was thinking (incorrectly perhaps) when all those shares were sold at .70 and it wouldn't break, once it lifted the offer it was probably not going back down
[14:35] (strider} AMZN new low
[14:35] (Les} AWIAV?
[14:35] (Threei} that's a valid line of thinking
[14:35] (Threei} it's just more applicable in active market...
[14:35] (nemo} who me?
[14:36] (Threei} this swampy one that wer have for the last few hours is just too random
[14:36] (Threei} yes
[14:36] (nemo} glad I'm sitting down
[14:39] (nemo} FAS has broken uptrend line, wealkness in market below .50 could be short...having said that 200 ma is creeping up on .30
[14:39] (nemo} SPY riding 200
[14:42] (nemo} interesting...fas right at resistance of a 2ndary trend line from 1:30 peak
[14:43] (Threei} SBUX Burger King to reportedly begin selling Starbucks coffee this summer
[14:44] (Les} PALM has become an HFT play, stuck between .80 & 78
[14:45] (Les} sorry, that was question, not assertion
[14:45] (Threei} it stuck... but it has nothing to do with HFT
[14:46] (Les} no, human traders can fix a stock in such a manner?
[14:47] (Threei} sorry Les, it makes no sense
[14:47] (Threei} this form of question I mean
[14:48] (Threei} one big seller can keep stock from moving against all the buying, human or not
[14:48] (Threei} until they take all the shares he has for sale
[14:48] (Threei} or until they run out of shares they wanted to buy
[14:48] (Threei} same on opposite side
[14:48] (Les} ahh ok. I often saw BAC in such a trading pattern. thought the computers were doing it
[14:49] (Threei} what difference it makes?
[14:49] (Threei} I can't understand the very concept of trying to differentiate bwteen what computers do and what hunmans do
[14:50] (Threei} will it give you a clue about duirection?
[14:50] (Threei} or about anything actually
[14:50] (nemo} We are borg
[14:50] (Les} was under impression that BAC or PALM was no longer tradable, if nothing else because computers were bouncing it back between themselves for the rebate
[14:50] (dino} lost me
[14:51] (Threei} how does it make them proftable?
[14:51] (nemo} my head hurts
[14:51] (Les} different way of seeing stock, that the price is stuck because of a big seller or buyer..
[14:51] (Threei} there is some misconception about that out there
[14:51] (dino} overthinking it, imo
[14:51] (strider} RIMM b/d?
[14:51] (Threei} don't strider, totally random
[14:51] (Les} true dino
[14:51] (strider} k
[14:52] (Threei} everyione seems to think compuaters buy and sell and get rebate
[14:52] (Les} but that is what popular media gave me impression of
[14:52] (Threei} well, they are idiots with no skightest clue
[14:52] (dino} computers just run the matrix, which is why everything tastes like chicken
[14:53] (Threei} if they had an idea what they were talking about they would realize that:
[14:53] (Threei} in order to get rebate, one needs to add liquidity
[14:53] (Threei} if one removes liquidity, one pays, not gets rebate
[14:54] (Threei} so, to get rebate one computer needs to buy at .78 and sell at .79
[14:54] (Threei} how then another computer makes money, one that sdells to first one and buys from it?
[14:54] (Threei} also, keep in mind that payment when you remove liquidity is bigger than rebate for adding it
[14:54] (Threei} so you can't do both taking turns and make money - you will lose on total
[14:55] (fernp} good evening everybody. see u all tomorrow
[14:56] (Threei} take care fern
[14:56] (Les} ciao
[14:57] (Threei} seems we are looking at the eod rally
[14:57] (dino} cya fern
[14:57] (Les} ok. another day, another misconception cleaned up
[14:58] (Threei} you can get rebate by adding liquidity on Laser
[14:58] (Threei} it's not something reserved for big guys only
[14:59] (Les} I might give laser a go sooner than you think
[14:59] (Threei} nor is trading with dark pools, just use GETCO route
[14:59] (Les} was juggling taxes and trading funds over dinner
[15:00] (Threei} there is so much bs floating out there about all these conspiracies
[15:00] (Les} $10k with laser might be a speedier solution to starting up for real
[15:01] (Les} yeh this notion that PALM is an HFT is I guess an example of me making 2 + 2 = 5
[15:01] (Les} I do it often
[15:01] (strider} Les, ask trev if you could get a demo acct. for awhile.
[15:02] (Les} he only allows 2 weeks
[15:02] (strider} whatever.
[15:02] (strider} you already done that?
[15:03] (Les} no. sent in the paperwork but have ended up paper trading with IB
[15:03] (Les} mind you, no hurry. will not move money until paper trading is profitable
[15:04] (strider} If paper trading were profitable, I'd stick with that!
[15:04] (Les} yeh yeh
[15:04] (Threei} lol
[15:04] (strider} where's that key on my computer?
[15:05] (Les} was saying to Vad this morning. 1st month of close analysis of trading on paper finished. 1% loss
[15:06] (strider} BGC
[15:06] (Les} last year lost 65% of capital in months friggin around doing silliness. not to be repeated
[15:06] (Les} COH for .10 break?
[15:07] (Threei} no read
[15:07] (Threei} X continues, and looks watning more
[15:08] (Threei} need pullback though
[15:08] (Threei} don't want breakout on it
[15:09] (Les} why not AA for a type 1?
[15:09] (Les} slow and plenty of liquidity?
[15:10] (Threei} on pullback to .65, sure
[15:10] (Threei} maybe deeper, use X as guidance
[15:10] (Threei} here comes pullback on X
[15:11] (Threei} RIGL Exec: Expects to announce a partnership on psoriasis drug R348 in the next three months; looking for a global collaboration partner in dermatology or ophthalmology
[15:11] (strider} where would you buy?
[15:11] (Threei} .25 zone
[15:11] (Threei} .35, sorry
[15:11] (nemo} support yeah
[15:13] (Threei} here follows AA
[15:13] (Threei} see how they are linked?
[15:13] (Les} y
[15:14] (Les} I've come to respect X. It bites
[15:16] (Les} AA slower but less nasty. 50 ma at .65. long .66
[15:17] (nemo} seed momo
[15:19] (Threei} I don't see any news
[15:19] (dino} hod dji, s/p
[15:19] (dino} luv news
[15:20] (_pronk} did you suggest AA on principle of capitulation?
[15:20] (nemo} 5 syllables vad
[15:20] (Threei} rather puyllback into support
[15:21] (Threei} plus following the older brother, X
[15:21] (Threei} but it's not really your usual play, it was rather response to Les about possible scalp type I on it
[15:27] (Threei} Long Setup: X .35 break if stays above .30
[15:29] (Threei} SEED Strength attributed to Citadel disclosing passive stake increased to 187K (0.8%) from 10K shares
[15:31] (Threei} hewre comes AA for scalp completion
[15:31] (Threei} ese would have loved it, his kind of play
[15:32] (nemo} x invalidated
[15:33] (Les} out +.05. I can see difference between my measly 1500 shares and 35K
[15:33] (Threei} difference is 33.5K
[15:34] (Les} hehe
06[15:34] * Threei is very proud of his math abilities
[15:34] (Les} and ten years
[15:35] (nemo} mmmhhhh, big rally, no volume
[15:36] (Threei} Market Internals update at 3:30pmET
[15:36] (Threei} - NYSE volume 705M shares, about 11% below its three-month average; advancers lead decliners by 5.3:1.
[15:36] (Threei} - NASDAQ volume 1.63B shares, about 7% below its three-month average; advancers lead decliners by 2.1:1.
[15:36] (Threei} - VIX index -1.3% to just under 22.50
[15:41] (Threei} spike or pullback, that is the question
[15:41] (Threei} 'cause if spike, VXX .75 break short is our play
[15:44] (Threei} who went for it, keep .82 stop and look to start covering under .70
[15:48] (Threei} first cover here, unless you are just scalping
[15:48] (Les} out +.09 ty
[15:48] (Threei} welcome
[15:48] (nemo} wow amzn really weak
[15:48] (Threei} that was strangely easy
[15:48] (dino} pretty strong finish
[15:49] (nemo} should probably get to 200 points
[15:49] (nemo} on the dow
[15:50] (Threei} somewhat disconnected finish, too
[15:50] (Threei} indices go up, X drops
[15:50] (Les} x bounce
[15:51] (Threei} positive day but not by much... more of a boredom than profit to say honestly
[15:52] (dino} i struggle on these big open gap up days
[15:52] (Threei} yeah, they gap and stall
[15:52] (Threei} my fault... should have listened to nemo, he was rithg on the money today more often than not
06[15:53] * nemo ?
[15:53] (Threei} nevermind nemo... go back to sleep
[15:53] (nemo} this is your monday
[15:53] (Threei} I thought today was Tuesday
[15:53] (nemo} kinda' makes sense we were going to have a jump one way or the other because of the long-weekend
[15:55] (billyc} gn all thanks for the calls ok day
[15:55] (Threei} good to hear, take care billy
[15:56] (Threei} volume is pitiful
[15:57] (dino} gj billy
[15:57] (Les} I am surprised the EU proclamations have ceased
[15:57] (nemo} I was thinking fas short .80, but I thought this colse to the end...hah
[15:57] (Threei} market lost sensitivity to them too
[15:58] (Threei} unless something really sensational comes out of there, it bwecame non-event
[15:58] (Les} perhaps the reason they stopped...
[15:59] (Threei} or they just don't know what to do, and repeated all blanket statements 10 times already
[15:59] (Threei} kind of tough to decide between killing euro right now or in 5 years
[16:00] (Threei} brokewr shrugs today looking at my trading
[16:01] (Threei} 40K shares, and profit to show for that is ummm...
[16:01] (dino} 30 day grace on it i think 3i, gereece has 30 days to right itself, otherwiseeu takes some sort of action
[16:01] (Threei} pitiful?
[16:01] (Threei} yeah dino, I guesss they all just took pause
[16:01] (Threei} thank you all
[16:01] (Threei} have a good evening, see you tomorrow
[16:01] (Les} ciao
[16:01] (Les} ty

Friday, February 12, 2010

Feb 12 2010

Most of the day was boring as traders were not ready to commit in advance of long weekend. As it's often the case on such days, we had enormous number of invalidated trades - those that don't trigger a setup. Highlights of the day were finishing swing trade on CY $11 break from yesterday for a nice gain and cool NTES short into good news; look the details at Nice to finish the week with no single losing day.

Session Time: Fri Feb 12 00:00:00 2010

[08:22] {Les} what's with the rerun of yesterday's blog
[08:22] {nemo} ?
[08:23] {Les} the chat of the closing minutes from yesterday are still present
[08:23] {Les} GM
06[08:23] * nemo slaps Les around a bit with a large trout
[08:24] {Les} relax man, its friday
06[08:24] * nemo slaps Les around a bit with a large trout
[08:24] {Les} :P
[08:36] {strider} out TM from yesterday, +.92
[08:36] {nemo} swm up 3
[08:38] {nemo} saw something interesting on SWM a fibonacci retracement from the high just before the drop to the low
[08:41] {Les} nice one strider
[08:42] {Les} fibonacci what?
[08:42] {nemo} retracement
[08:43] {Les} whatever. where's vad, he out of bed yet?
[08:43] {strider} that's when you lie about eating the last of the nachos.
[08:43] {nemo} yeah...he just doesn't want to talk to you
06[08:43] * nemo slaps strider around a bit with a large trout
[08:43] {strider} thanks, les.
06[08:45] * strider slaps nemo around a bit with a large coupon book for discounts at the fish market.
[08:47] {Les} haha good one
[08:50] {nemo} oh yeah...nice
[08:53] {dino} gm all
[08:53] {nemo} rimm going cat today
[08:53] {dino} gj strider
[08:54] {dino} so nemo, on your fib what did you get?
[08:55] {nemo} once the bottom was in, it pivoted aroud the 23.6 retracement
[08:55] {strider} thanks, dino.
[08:56] {dino} np
[08:56] {strider} AMZN flirting with huge gap on daily.
[08:56] {nemo} another interesting thing, never quite made it back to the vwap
[08:56] {dino} nemo, a # please (like pulling teeth)
[08:57] {nemo} vwap is a trend line
[08:57] {nemo} just under 48 is the 23.6 retracement
[08:57] {dino} ty
[08:58] {nemo} oh another interesting thing...this morning's high corresponded with the 38.2 retracement
06[08:58] * strider slaps nemo around a bit with a large book of Techniques of Tape Reading
[08:58] {nemo} Anyway...ignoring the hillbilly
[08:58] {strider} my mistake....wrong weapon.
[08:58] {Threei} (US) PIMCO's El-Erian: US is not comparable with Greece; outsiders need to come in to oversee Greece financial management - CNBC
[08:58] {Threei} - Notes the US has elements that are like Greece.
[08:58] {Threei} - PIMCO is underweight US mortgages.
[08:58] {Threei} - Looking at Canadian bonds.
[08:58] {Threei} - Believes that the sooner the EU bring in the IMF as a coordinator for the Greek situation, the better it is for Europe.
[08:58] {nemo} yep...rimm going cat
[08:59] {nemo} Just thinking...knowing that's dangerous
[08:59] {dino} bweld blood
[08:59] {dino} bwld
[09:00] {dino} cml, ir too
[09:01] {dino} htgc
[09:07] {fernp} Good morning everybody
[09:08] {strider} fern:)
[09:08] {Threei} fern :)
[09:19] {Threei} Yamaha Motor Plans to transfer ATV production to US from Japan, expects to complete transfer by 2013
[09:19] {Threei} not something tradeable but I din't think we see moving production TO USA all too often
[09:21] {strider} My current job is assisting a small furniture company in moving production back to US from China......
[09:21] {dino} swm gave it back
[09:21] {Threei} SWM Goldman Sachs Cuts SWM to Neutral from Buy
[09:21] {Threei} - Removed from Americas Conviction Buy List
[09:22] {Threei} hopwefully it's a new trend and not just an isolated case
[09:23] {strider} There are lots of companies wanting to do that (furniture). They put up with a lot of crap in return for low prices from China.
[09:23] {dino} value added research, thank goldman, sheesh
[09:23] {Threei} lol dino
[09:26] {larisa} gm :)
[09:27] {Threei} larisa :)
[09:27] {larisa} vad :)
[09:27] {nemo} lari :)
[09:28] {larisa} nemo :)
[09:29] {lasertrev} morning
[09:29] {Threei} trev :)
[09:30] {billyc} gm all happy Friday
[09:30] {Threei} Short Setup: WFC .75 break of stays under .85
[09:31] {Threei} billy :)
[09:32] {dino} nile
[09:32] {Threei} invalidated, looking for aggessive entry instead
[09:35] {Les} fitb southbound
[09:35] {nemo} Allman Brothers
[09:35] {Threei} DNDN
[09:37] {Threei} WFC didn't gave much indication
[09:37] {Les} jumped straight over my .99 trigger
[09:38] {strider} scaalped .02 to .92
[09:39] {Threei} grrr
[09:40] {Threei} hate it... right iodea, no poractical implementation
[09:40] {Les} s fitb .58
[09:40] {Threei} (US) Preview: Feb Preliminary University of Michigan Confidence due out at 09:55ET
[09:40] {Threei} **consensus expectation: 75.0e v 74.4 prior (estimates range between 70 to 78)
[09:40] {Threei} **note: the Jan Final reading of 74.4 was the highest reading since Jan 2008.
[09:42] {Threei} bounce scalp play WFC, .64 long if holding above .55
[09:43] {ese} morning...... sorry i'm late
[09:43] {Threei} ese :)
[09:43] {ese} nemo you filthy stinking rich yet?
[09:43] {nemo} detention for you
[09:43] {nemo} no
[09:44] {Les} 4 trades already this morning ese, all big winners!!!!!
[09:44] {ese} right on!!!! you or nemo?
[09:44] {Les} :D trust me
[09:44] {dino} htgc sm l .25
[09:44] {ese} ahhhhhhhhhh
[09:45] {Threei} invakidated
[09:45] {nemo} greek?
[09:45] {Les} vad's getting ready to invest in greek markets
[09:45] {dino} gj
[09:46] {nemo} aig went momo
[09:49] {Threei} Long Setup: CGNX .95 break half lot
[09:49] {dino} cml sm l .72
[09:49] {nemo} dino stock
[09:49] {Threei} if holding above .80
[09:50] {dino} news cgnx?
[09:50] {Threei} earnings
[09:50] {Threei} beat them to a pulp
[09:50] {larisa} 50k volume? one trade for ese :)
[09:50] {dino} ahh
[09:50] {Threei} lol
[09:51] {strider} short WFC .54
[09:52] {ese} hey laris....what am i lookin at
[09:53] {ese} ws looking at hitting atpg for 5k
[09:53] {larisa} :)
[09:53] {ese} but realized too risky
[09:53] {ese} not enough volume to handle it
[09:53] {Threei} better wait for pullback on that one
[09:54] {Threei} 70 cents straight up
[09:54] {ese} definitely
[09:54] {ese} ya
[09:54] {Threei} there you go
[09:54] {billyc} thanks for cml dino
[09:55] {ese} started looking at it .60/.70 no place to get in
[09:55] {Threei} .40 break was the only valid trade
[09:55] {strider} stop WFC
[09:55] {Threei} ever since then, no setup
[09:56] {dino} this crazy market wants to fill the open gaps, gut talk
[09:56] {ese} cake same thing
[09:56] {Les} took fitb to fill hole made by wfc. finnies indecisive
[09:56] {dino} out htgc .79, +.54
[09:56] {Threei} US) Preview: Dec Business Inventories due out at 10:00ET
[09:56] {Threei} **consensus expectation: 0.2%e v 0.4% prior
[09:57] {ese} lots to choose from but no place to get in
[09:59] {Threei} Long Setup: TM .50 break half lot
[10:00] {Threei} *(US) DEC BUSINESS INVENTORIES: -0.2% V 0.2%E
[10:00] {nemo} invalidate vad?
[10:00] {Threei} yeah
[10:00] {Threei} is it because of long weekend ahead?
[10:01] {Threei} everything gets invalidated
[10:01] {Les} really no market monday?
[10:01] {nemo} I saw two setups there
[10:01] {Threei} come on CGNX, take that 19
[10:01] {Threei} no Les
[10:01] {nemo} long on volume break above .50 or short on the DT declining volume
[10:01] {Threei} ese, make sure you don't try to trade on Monday :)
[10:02] {Threei} we canucks are not very aware of their strange holidays :)
[10:03] {Les} NTGR trying to reclaim lost ground
[10:04] {Threei} no go
[10:04] {ese} ok....will do
[10:04] {fernp} yes, stopped
[10:04] {Les} finnies testing support. wfc fitb
[10:08] {nemo} so, markets gaveth yesterday and took away today
[10:08] {Threei} I am still in bear camp
[10:08] {Threei} overall I mean
[10:08] {Les} yeh, so I see a gap down opening and a wandering rudderless market
[10:09] {Les} won't be sucked in today
[10:09] {Threei} IMO, uptrend is broken
[10:09] {ese} L leap .80
[10:09] {Threei} Philadelphia Fed Survey: US Economy to grow at 2.7% annual rate over next 5 quarters
[10:10] {Threei} - Sees unemployment at 9.8% in 2010, 9.2% in 2011, 8.3% in 2010, 7.3% in 2013
[10:10] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00ET
[10:10] {Threei} **consensus expectations:
[10:10] {Threei} Crude: +1.4Me
[10:10] {Threei} Gasoline: +200Ke
[10:10] {Threei} Distillate: -1.7Me
[10:11] {nemo} that should drive up the price of oil
[10:13] {dino} ups sm l .00
[10:14] {fernp} ERTS holding on highs
[10:14] {fernp} ERTS any read, Vad?
[10:14] {Les} ntgr failed to break resistance.
[10:15] {Threei} hard to tell fern
[10:15] {fernp} ok ty
[10:15] {ese} out leap .84 +.04
[10:16] {nemo} yep, rimm gone cat
[10:17] {ese} ok i'll come clean.........i didn't know that i had bought that one.......had it cued up but thought that i nixed it....pressed the wrong button.......bull chit luck
[10:18] {nemo} Qs at the 200 ma
[10:19] {dino} been there
[10:20] {nemo} rimm motorized salmon
[10:21] {Threei} lol
[10:23] {dino} bgc sm l .60
[10:23] {dino} too soon
[10:25] {dino} stopped -.31
[10:25] {nemo} quicky
[10:25] {dino} retest coming imop
[10:25] {dino} imo]
[10:25] {dino} imo
[10:25] {nemo} vad jr
[10:26] {dino} darn
[10:27] {nemo} got a bit lower to go
[10:28] {nemo} too funny just did the fib thing again, popped up to the 23.9 level ($25) then backed off
[10:28] {nemo} 23.6 level
[10:30] {nemo} market working against bgc today though, unlike yesterday for swm
[10:32] {nemo} 24.22 bottom support, that hammer candle was the wile. e. coyote moment
[10:32] {dino} acme products
[10:32] {nemo} no BGC :)
[10:32] {nemo} I miss those cartoons
[10:32] {nemo} where's my teddy
[10:32] {nemo} bear that is
[10:33] {nemo} now we'll see
[10:33] {dino} bgc get ready
[10:33] {nemo} yep
[10:33] {dino} sm l .16
[10:34] {nemo} ballsy
[10:34] {Threei} what slim pickings today
[10:34] {nemo} in .20
[10:34] {nemo} small
[10:34] {dino} boone pickens i think
[10:35] {Threei} lol
[10:35] {dino} strider, you watching survivor?
[10:35] {nemo} wath the frickin stock
[10:35] {dino} out .60
[10:35] {Threei} nice one
[10:35] {dino} +.44
[10:36] {dino} thx
[10:36] {nemo} ty
[10:36] {dino} you out ?
[10:36] {nemo} yes .58
[10:36] {dino} gj
[10:36] {nemo} look for C&H break on this
[10:37] {nemo} should hold .35
[10:38] {nemo} oops
[10:38] {Threei} Market Internals update at 10:30amET
[10:38] {Threei} - NYSE volume 220M shares, about 11% below its three-month average; decliners lead advancers by 4.5:1.
[10:38] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; decliners lead advancers by 2.6:1.
[10:38] {Threei} - VIX index +5.3% to just over 25.00
[10:38] {nemo} brb
[10:39] {dino} reload?
[10:39] {Threei} Short Setup: AIG .15
[10:39] {Threei} if stays under .25 for scalpers, .30 for day traders
[10:40] {nemo} dino, it's back to support
[10:40] {Threei} invalidated
[10:40] {ese} beee zaaar....ya think it's going up then ya think it's goin dn then ya think it's goin up etc etc
[10:41] {Threei} this is what 3rd or 4th invalidation today?
[10:41] {nemo} yes..go home
[10:41] {nemo} but hold on, your validations have come right back after shake
[10:41] {nemo} out
[10:42] {Threei} so, let's define initial setup, then look for entry after invalidation
[10:42] {nemo} yeah,
[10:42] {Threei} invalidation of invalidation so to speak
[10:42] {Threei} that's a mouthful
[10:42] {nemo} .20 major support yesterday close
[10:43] {nemo} ohh, except for the spike, staying under the bb ma
[10:43] {nemo} right at 200
[10:44] {ese} L leap .80 this time i did it
[10:44] {Threei} you mean consciously :)
[10:45] {nemo} wow those bb's getting tight
[10:45] {Threei} on what nemo?
[10:45] {nemo} aig
[10:45] {Threei} oh yes
[10:45] {ese} yes
[10:45] {Threei} well... .20 - .30 is new range
[10:45] {ese} small though
[10:46] {nemo} yeah tight box
[10:46] {nemo} :)
[10:46] {Threei} so... lwet's modify it
[10:46] {Threei} Short Setup: AIG .20 break
[10:46] {Threei} if stays under .30
[10:46] {nemo} long if over
[10:46] {nemo} ?
[10:46] {Threei} not by me
[10:46] {nemo} o.k.
[10:46] {nemo} hehehehe
[10:46] {Threei} invalidated again
[10:47] {Threei} lol
[10:47] {Threei} whatever
[10:47] {Threei} where are those other worlds
[10:47] {nemo} too funy
[10:47] {nemo} with the tight bb's whichever way it broke was probably going to work
[10:48] {nemo} possible long if it holds above .30 and volume going over .42?
[10:50] {dino} bgc sm l .15
[10:51] {Threei} can't tell nemo, it doesn't trade on its own it seems
[10:51] {Threei} simply follow every whim of the market
[10:51] {dino} gut still says mkts fill open gap, then drop again
[10:51] {nemo} .40 old resistance, and looking for C&H
[10:51] {dino} too much green flashing
[10:57] {dino} cml stopped -.32
[10:57] {fernp} MET 34.10 break, Vad?
[10:58] {Threei} worth a try... not a stellar trade but more or less OKJ
[10:59] {fernp} ty
[11:00] {Threei} DOE CRUDE: +2.4M V +1.4ME
[11:00] {Threei} GASOLINE: +2.3M V +200KE; DISTILLATE: -355K V -1.7ME; CAPACITY UTILIZATION: 79.1% V 77.8%E
[11:00] {nemo} oil should skyrocket
[11:01] {nemo} wow, it's actually doing what a "normal" correlation would predict...weird
[11:02] {Threei} I don't get it nemo
[11:02] {nemo} what
[11:02] {Threei} more oil in storage than estimated
[11:02] {nemo} yep
[11:02] {Threei} how do you translate it itno should spike?
[11:02] {nemo} because, it's been spiking every time we get those kinda' readings
[11:03] {Threei} so it's not a normal correlation
[11:03] {Threei} it's against normal logic
[11:03] {nemo} hasn't been
[11:03] {nemo} has
[11:03] {Threei} whicbh is new normal
[11:04] {nemo} bgc not cooperating
[11:04] {Threei} MET is holding rather well fern
[11:06] {nemo} dino swm climbing the 200 with a downward trend line
[11:06] {dino} cml sm l .50
[11:07] {Les} bgc
[11:11] {fernp} WFC vad?
[11:11] {fernp} breakdown? and thanks for MET
[11:11] {Threei} sure
[11:11] {Threei} WFC does look breakdownish
[11:11] {Les} s bgc .09
[11:11] {Threei} it just never gave anything readable and working today
[11:11] {nemo} wow..ballsy les
[11:12] {fernp} .50 breakdown now is not a good pattern, Vad?
[11:12] {Threei} I like it
[11:12] {fernp} ty
[11:13] {Les} out .24 +.09
[11:13] {nemo} nice les
[11:13] {Les} at at 24
[11:13] {dino} gj
[11:13] {Les} big descending triangle with 50 ma pushing it down
[11:15] {Les} BGC be goooone
[11:16] {dino} bgc stopped -.26
[11:17] {nemo} swm...remember that 23.6 retracement -formed the pivot point of a triangle out of which swm brokeout at 10:30
[11:18] {dino} y
[11:18] {nemo} I'm swearing very loudly at the moment
[11:18] {fernp} CY again, Vad?
[11:19] {nemo} spy kissing the 200 ma
[11:19] {nemo} Qx forming resistance above its
[11:19] {Les} what charts are you using Nemo?
[11:19] {Threei} it's abiove 1:2 for a swing trade call from yesterday 1:2 for
[11:20] {Threei} I don't want it here as new day trade
[11:20] {nemo} what are you talking about 3i
[11:20] {Threei} [11:18] {fernp} CY again, Vad?
[11:20] {nemo} oh ty
[11:20] {nemo} on Laer charts Les
[11:20] {fernp} and for a scalp? .50 break with stop below .45? worth a try?
[11:21] {Les} ok just some differences with freestockcharts
[11:21] {dino} bwld sm l .50
[11:21] {Les} spy 200ma shown to be at .40
[11:21] {nemo} free...doesn't take into consideration premarket and post market
[11:22] {Les} can you take a screen shot of spy for the morning please?
[11:22] {nemo} and do what with it
[11:22] {Threei} can't tell fern
[11:22] {Threei} not delighted
[11:22] {fernp} ty
[11:22] {Les} I wanna see relationship between ticker and ma's on laser.
[11:24] {Les} where exactly is 200 ma on SPY on laser?
[11:25] {nemo} 107.10
[11:27] {Les} ok ty. that's some difference.
[11:27] {nemo} bgc following downward trendline from 10:15
[11:27] {nemo} really high volume here
[11:29] {Les} wow what's BGC's story? ugly daily
[11:31] {Threei} MET 1:2
[11:31] {Threei} nice climb
[11:32] {fernp} sold at 1:1 I know you know
[11:32] {Threei} lol
[11:33] {Threei} can;t blame you, things do not generally keep moving today
[11:37] {strider} short CY .47 stop .51
[11:42] {Threei} CYCC Hearing strength being attributed to speculation that they are meeting with buy/sell side firms next week
[11:44] {Threei} johan, you made it
[11:44] {Threei} welcome
[11:44] {_johan} finally yes
[11:44] {_johan} thanks
[11:44] {nemo} do I have to be nice?
[11:45] {fernp} nemooo
[11:45] {Threei} long journey, but successful :)
[11:45] {_johan} yes thank you
[11:45] {Threei} yes nemo... long weekend ahead, and system gave johan hard time
[11:45] {nemo} oh o.k.
[11:45] {_johan} and I am very interested in your trading room
[11:45] {Threei} so for a change be nice just for today
[11:45] {nemo} Tuesday he's toast
[11:45] {_johan} what i read about it it is oke
[11:45] {Threei} on Tuesday you can be your usual self
[11:46] {_johan} i will study in the week-end all your lessons
[11:46] {strider} hello johan.
[11:46] {Threei} good idea
[11:46] {Threei} we have a very very slow day today
[11:46] {strider} short HOG. 34, partial
[11:46] {_johan} hello strider
[11:46] {Threei} not much happens
[11:46] {_johan} yes i have expereince enough but it is goos to learn how you work
[11:47] {_johan} experience
[11:47] {_johan} i ,live in the Nwetherlands
[11:47] {_johan} Netherlands
[11:48] {Threei} wow, another Europiean
[11:48] {Threei} you guys will outnumber US_Canada soon :)
[11:48] {nemo} where in Niederland
[11:49] {_johan} Den Haag
[11:50] {_johan} it is here 17.50 now i must go for dinner
[11:50] {Threei} MET moved seriously beyong our expectations
[11:50] {nemo} Forgive my ignorance, but is that your office?
[11:50] {_johan} i will study all in the week-end and then start on monday
[11:50] {nemo} Tuesday Johan, markets closed here on Monday
[11:50] {Threei} I would with some doubt give it room for 1:2, but 1:3 is out of character
[11:51] {_johan} no thats where i live in the city Den Haag
[11:51] {_johan} also called the Haque
[11:51] {_johan} i trade from home
[11:51] {Threei} Johan, Monday is day off for US markets
[11:51] {nemo} yes, Capital is there,yes?
[11:51] {Threei} so, two things...
[11:51] {Threei} first, see you on Tuesday
[11:51] {_johan} oke
[11:52] {Threei} and second, your trial would be cut too short because of today's hassle and Monday being off,
[11:52] {_johan} it is oke
[11:52] {Threei} so ignore the automated e-mail that will tell you trial is over, and stay for two more days
[11:52] {_johan} if i like it i will subcribe soon
[11:52] {_johan} i am not the person who want to live from free trials
[11:52] {Threei} well, everyone is entitled to a week, so let's keep it fair
[11:52] {nemo} oil coming back
[11:53] {_johan} oke thanks but i will be fair to to you
[11:53] {_johan} have a nice week-end
[11:53] {Threei} you too
[11:53] {_johan} thanks bye for now
[11:54] {nemo} Dino, just had 3rd test of .75 in BGC
[11:55] {Threei} what are you guys looking for in there?
[11:55] {Threei} bounce or short?
[11:55] {dino} 3rd not liking, ice getting hit by hammer too much
[11:56] {nemo} volume is not indicating anything yet, might be an afterlunch or Tuesday
[11:56] {nemo} Vad, trying to figure if it's basing or setting up for a dbi
[11:56] {dino} i'll keep it on screen
[11:57] {dino} fdx close to lod
[11:59] {nemo} and, we're coming into lunchtime before a long-weekend
[12:00] {dino} fdx sm l .75
[12:01] {Threei} .75 - .90 is range I'd use on it now
[12:01] {nemo} BGC vad?
[12:01] {nemo} yeah
[12:01] {Threei} yeah
[12:01] {nemo} stop finishing my sentences
[12:01] {Threei} stop typoing faster than I do
[12:05] {Threei} there you go
[12:05] {Threei} 1:1 on .90 break
[12:07] {fernp} CY trying
[12:07] {strider} stopped HOG, stopped.
[12:07] {strider} not the most right I've ever been.
[12:08] {Les} 24 break on BGC?
[12:08] {strider} stopped CY
[12:08] {Threei} , no .90 was
[12:09] {fernp} out CY
[12:12] {dino} ndx green/gap filled, one down two to go
[12:13] {dino} out bwld .22, +.72
[12:15] {Threei} CY 1:3 for swing trade, and bumps into BB resistance on daily
[12:15] {dino} crm sm l .01
[12:15] {Threei} as far as I am concerned this trade is over for 60 cents
[12:15] {Threei} Market Internals update at 12:00pmET
[12:15] {Threei} - NYSE volume 380M shares, about 13% below its three-month average; decliners lead advancers by 3.1:1.
[12:15] {Threei} - NASDAQ volume 865M shares, about 7% below its three-month average; decliners lead advancers by 1.9:1.
[12:15] {Threei} - VIX index +3.4% to just under 25.00
[12:17] {dino} fdx out .31, +.56
[12:17] {Threei} wtg
[12:18] {dino} ty
[12:18] {Threei} Short Setup: BGC .75 break
[12:18] {Threei} if stays below .90
[12:20] {Threei} not a scalp
[12:27] {strider} did anyone else enter on that .54 print?
[12:28] {nemo} no
[12:28] {Threei} hmm?
[12:28] {dino} no
[12:28] {strider} printed .74 at 12:21
[12:29] {nemo} yes
[12:29] {Threei} lol, scared me by mistype .54
[12:30] {strider} sorry
[12:30] {Threei} level 2 bids never went away
[12:30] {Threei} someone has crap instead of broker, that's his headache
[12:31] {strider} well, great.
[12:31] {nemo} .75 is the bottom
[12:32] {Threei} RIMM sharp pullback
[12:36] {dino} crap is thru pot, mos i believe
[12:36] {nemo} ?
[12:37] {dino} ok s/p green and gap fill coming
[12:37] {dino} nemo, think fertilizer
[12:37] {nemo} yeah, bear trap
[12:38] {strider} Vad, is it your rule that the break point must be on the L2?
[12:38] {nemo} you don't know how many bids are at any given point because you can hide size of your orders
[12:38] {nemo} therefore prints don't mean anything
[12:38] {Threei} it's not a rule per se, it's just kind of common sense - out of bound prints do not matter much, they are created by someone's bad fill or late porint or erroneous print
[12:39] {Threei} thus they do not carry significance
[12:42] {Threei} RIMM{ bounce soon
[12:43] {Threei} want revisit closer to .50
[12:43] {dino} bgc sm l .00
[12:43] {nemo} 200 at .49
[12:44] {Threei} CVG Hearing Co. is in talks with Microsoft regarding a strategic relationship (timing uncertain)
[12:50] {dino} clm at the 50
[12:55] {dino} scanners all green
[13:00] {nemo} mmmhhh...long weekend...greece....down this afternoon?
[13:01] {larisa} yest +105? today -105 :)
[13:06] {dino} maybe so maybe so
[13:15] {Threei} sellers are back
[13:16] {Threei} (US) White House Press Sec: President Obama feels the Consumer Protection Agency is a 'great priority'
[13:16] {Threei} - Note: on 2/11, Senators Dodd (D) and Corker (R) reportedly agreed to shelve the Consumer Protection Agency legislation.
[13:17] {Threei} it can't be reason for sellof
[13:17] {nemo} no...long weekend, greece overhang
[13:17] {nemo} china tightening too
[13:17] {Threei} he can feel whatevfer he wants as far as markets are concerned
[13:17] {Threei} they all but labeled him a toothless tiger already
[13:18] {dino} out bgc .15 ave, +.15 don't like drop
[13:18] {Threei} I just thought abiout it dino
[13:19] {Threei} stalled for way too long
[13:19] {dino} yeah, had trouble at .25
[13:20] {dino} crm was stopped -.31
[13:21] {Threei} if stays under .75
[13:21] {Threei} Short Setup: RIMM .65
[13:24] {dino} nemo, cml?
[13:24] {Threei} another invalidation
[13:24] {Threei} this is invalid day
[13:24] {nemo} that got away
[13:24] {dino} it's like ranodom dancing
[13:24] {dino} random
[13:25] {Threei} lol
[13:25] {nemo} everybody thinking the same...get out for the weekend, so, have a little rally first
[13:25] {Threei} I can't do normal dancing, let alone random
[13:25] {Les} well you do think dirty
[13:25] {Les} so dirty dancing should be your thing
[13:26] {Threei} I believe my thoughts are pure and innocent
06[13:27] * nemo slaps Threei around a bit with a large dose of reality
[13:27] {Les} we all have our fantasies
[13:27] {Threei} although it appears no one but mne believes that
[13:28] {Threei} LYV Reportedly planning to sell tickets through Walmart stores (related TKTM WMT )
[13:28] {nemo} lyv
[13:28] {dino} fsys holds today
[13:30] {Threei} nemo, let me add new number for your mass intelligence stats
[13:30] {Threei} 23% Say Government Criticizing Toyota To Help GM
[13:30] {nemo} rotfl
[13:33] {Threei} AIG...
[13:33] {Threei} short or no short?
[13:33] {dino} it's like free (anti) advertising for gm
[13:33] {Threei} .35 break
[13:33] {Threei} no kidding dino
[13:34] {Threei} if that's what people believe, it won't make them sympathize with GM
[13:34] {Threei} Short Setup: AIG .35 break if stays under .50
[13:34] {nemo} no short
[13:34] {dino} mkt feels up imo
[13:35] {nemo} 200 ma is at .50
[13:35] {Threei} you think?
[13:35] {dino} cml sm l .70
[13:35] {Threei} to me, more like last bounce before the plunge
[13:35] {dino} could be, just my scanners are flashing lots of green
[13:35] {dino} strange....
[13:36] {dino} spmd drop
[13:36] {Threei} at the moment yes, but it's a bounce moment
[13:36] {dino} thin
[13:36] {nemo} what's thin?
[13:36] {Threei} bulimic?
[13:36] {nemo} bulemic
[13:36] {dino} recent ipo
[13:36] {nemo} what, cml?
[13:37] {dino} computers or something
[13:37] {dino} oh no nemo, spmd two months of charts
[13:38] {dino} bgc held well
[13:39] {Threei} if SPY reverses down here and breaks 107, prepare for final descent
[13:39] {nemo} aig has a tighter range
[13:40] {nemo} it's hitting vwap resistance
[13:40] {Threei} (CH) EU Trade commissioner: will not hesitate to use steps against China on trade issues
[13:40] {dino} idiots
[13:41] {Threei} China: does he have a nameZ?
[13:41] {nemo} coordinated with the US over the Dalai Llama and Taiwan stuff
[13:41] {Threei} so, you think global campaign of "let's rein China" begins?
[13:41] {dino} seeing articles of a housing bubble in canada vad
[13:42] {Threei} Says "world would be better off" when China starts to appreciate currency
[13:42] {nemo} their lending standards are strong's doubtful
[13:42] {Threei} I did too dino, but it's not very clear
[13:42] {dino} careful what you wish on china
[13:42] {Threei} see, there is huge difference
[13:42] {dino} i do see your standards are tougher
[13:42] {Threei} while on a surface there is similar rise,
[13:43] {Threei} the level of indebtness is nowhere as high
[13:43] {Threei} no creative mortgages
[13:43] {Threei} no zero down mortgages
[13:43] {nemo} rally
[13:44] {dino} monkey
[13:44] {Threei} so... while prices might be getting a buit ahead of themselves, it's doubtrful we can call it bubble in usual sense of the world
[13:44] {Threei} upward cycle, sure
[13:45] {Threei} probably swicthing to downward cycle at some point in the future, sure
[13:45] {dino} hope not bubble
[13:45] {Threei} probably not, but Canada is pretty much commodities and US strength dependent
[13:46] {Threei} so negative development in those aspects will impact all other, housing included
[13:46] {Threei} rather than housing itself becoming a problem and killing the rest
[13:46] {dino} obama keeps tax and spend up, you'll have a substate of americans living there
[13:48] {dino} ohhh nooooo
[13:48] {nemo} tv?
[13:49] {dino} easy button batteries dead
[13:49] {dino} bad karma
[13:49] {Threei} lol
[13:49] {nemo} looking for fcx DT around .30
[13:50] {Les} AWIAV?
[13:50] {nemo} coma
[13:51] {Les} cool
[13:51] {Threei} AIG wouldn't go up with market
[13:51] {nemo} nice timing
[13:51] {Les} 200ma at .50 holding aig for the moment
[13:52] {dino} before i forget, happy valetine's day gals
[13:52] {Threei} oh yes
[13:52] {Threei} dino is true gentleman
[13:52] {strider} is AIG still valid?
[13:53] {dino} i do what i can
[13:53] {Threei} I would be too if not for memory of a moth
[13:53] {Threei} I think so strider
[13:53] {Threei} we need market selloff
[13:53] {nemo} fcx dropped through trigger
[13:53] {Threei} but other than that, yes, AIG looks a good short
[13:55] {Threei} nice call on FCX
[13:55] {nemo} yeah, but I missed the trigger, just dropped
06[13:56] * Threei slaps gen around a bit with a large map where the door to our room is marked by X; don't forget the paddress anymore
[13:56] {nemo} When it topped out at .35 lower than the previous peak, I probably should have entered there
[14:00] {Raven} .
[14:00] {dino} .. ... ..
[14:01] {nemo} .. -.. - -.. ..-..-.
[14:01] {dino} brail?
[14:02] {dino} !$#@%^*$*##*&&^*)*^
[14:03] {Threei} ok, AIG is off watch
[14:04] {Threei} and whole short bias is not materializing
[14:04] {Threei} neither does long though, lol
[14:04] {nemo} most frustrating outcome would be tread water into close
[14:04] {Threei} quite possible that's what transpires
[14:04] {Threei} we did that whole day
[14:04] {Les} yeah RIMM looks like capable of something better but...
[14:05] {Threei} NTES Receives approval from GAPP for WOW; as speculated (related NCTY ATVI )
[14:05] {Threei} hmmm
[14:05] {Threei} could be a case of sell the news
[14:05] {Les} someone had the news before us
[14:06] {Threei} no, it was rumor discussed for days
[14:06] {Threei} turned true
[14:06] {Les} well the rumour pumped the stock. but it sold of this morning. so u r right, sell the news
[14:08] {Les} wouldn't mind catching it as a short if possible
[14:08] {Threei} Short Setup: NTES .50 break half lot
[14:09] {Threei} as if we have seen too few invalidations today
[14:09] {nemo} rimm coming into resistance
[14:10] {strider} stop ntes?
[14:10] {Threei} Market Internals update at 2:00pmET
[14:10] {Threei} - NYSE volume 590M shares, about 5% below its three-month average; decliners lead advancers by 2.4:1.
[14:10] {Threei} - NASDAQ volume 1.35B shares, about even to its three-month average; decliners lead advancers by 1.5:1.
[14:10] {Threei} - VIX index +2.5% to just over 24.50
[14:10] {Threei} I don't have any reasonable stop for it
[14:11] {Threei} it went too high from short trigger
[14:11] {nemo} it dt'D
[14:11] {strider} k
[14:11] {Threei} let it reestablish itself by new consolidation
[14:17] {Threei} valid again I think
[14:17] {dino} bgc went w/o us
[14:17] {Threei} .65 - 70 zone as resistance
[14:20] {Les} RIMM is disgusting
[14:20] {Threei} {RIMM} I demand second opinion
[14:21] {Les} denied!
[14:21] {Threei} NBG Formula Capital's Altucher makes positive comments on CNBC
[14:21] {Threei} - calls NBG a speculative Greece play
[14:21] {nemo} we're going to end positive on the day
[14:23] {dino} maybe so maybe so
[14:24] {dino} my gut call this mornning was close, fill gaps and drop, ndx, s/p did
[14:24] {Les} aig returns to .96 pivot
[14:25] {ese} L leap avg price.82
[14:26] {ese} am trying the patience route today........
[14:26] {ese} i mean being patient.....not patience...our patience
[14:26] {nemo} today very frustrating
[14:26] {ese} am babbling
[14:26] {ese} indeed
[14:27] {dino} yeah, 5 stops, 6 wins
[14:29] {nemo} had a trendline where rimm stopped, I look back, it was resistance on the daily back in September
[14:29] {dino} out cml .13, +.43
[14:30] {nemo} 5 stops 7 wins
[14:30] {dino} if i take ups now, i tie you
[14:30] {nemo} no, that's your stats
[14:30] {dino} oh yes
06[14:31] * nemo slaps dino around a bit with a large trout
[14:31] {Threei} lol
[14:31] {dino} deservedly so
[14:31] {fernp} KLIC 7 break, Vad? any read Vad?
[14:31] {dino} long week, lots of outside issues
[14:31] {Threei} I wouldn't fern
[14:32] {fernp} yeah, i agree ty
[14:32] {dino} wow cml
[14:33] {Threei} NTES
[14:33] {Les} ntes
[14:33] {Threei} half lot in
[14:33] {Les} .53 s
[14:34] {nemo} forgot about it
06[14:34] * Threei slaps nemo around a bit with a large memory improvent pill
[14:34] {Les} AIG struggling to hold
[14:34] {Les} .90
[14:35] {patience} hey ese, how's the market treating you today?
[14:35] {patience} anybody?
[14:35] {strider} in NTES.49
[14:35] {dino} up but light
[14:36] {strider} is 1:1 at .30?
[14:36] {Threei} .35 - .30
[14:36] {Les} out .40
[14:37] {Les} aig coming down
[14:37] {Les} s aig .84 small shares
[14:37] {strider} out .35
[14:39] {ese} Hi patience, i made one BS trade by fluke....i didn't even know that i had bought the stock. LEAP made .04 on it and am in it again for the last 2 hours
[14:40] {Les} ah Prince william's visited my old stomping ground:
[14:48] {Threei} day is positive, mistly thanks to this last short... but I am not sure the size of win overall justifies waking up
[14:49] {dino} cml sm l .70
[14:50] {Les} I look forward to the day I can say that vad
[14:50] {Les} me, I need the practise
[14:51] {Threei} number of invalidated plays today is unbelieavble
[14:51] {Les} really. school holidays here. been hanging out on the playstation with the kids
[14:53] {Les} AIG
[14:55] {Les} crap. pop goes the weasel. stop aig
[14:56] {nemo} nice self-analysis les
[14:56] {Les} just to humour you nemo
[14:57] {nemo} I need it today
[14:57] {strider} I'm in the hole too, but less so because of the AIG trade. Thanks for that, vad.
[14:57] {strider} meant NTES
[14:58] {nemo} I'm positive, but BEAR made more than I did today
[14:58] {Threei} always
[14:58] {Les} wish I was still holding ntes
[14:58] {nemo} were
[14:59] {strider} thank you.
[14:59] {nemo} drives you crazy doesn't it
[15:00] {nemo} ntes sitting on 200
[15:00] {nemo} not anymore
[15:00] {strider} I bet I hear common-taters talk about an 'amount of shares' twenty times a day.
[15:00] {nemo} Oh all I can do is think of Pink Panther quips
[15:02] {Les} wow aig
[15:02] {Threei} crap
[15:02] {nemo} rimm holding
[15:02] {nemo} what
[15:02] {Les} actually stopped only half of aig by accident. s .82
[15:02] {Threei} thought of calling it short on .80 break, then decided, we are out of the troubles for today, why ask for it
[15:03] {nemo} ahh the old Ted Willaims .406
[15:03] {nemo} Williams
[15:03] {nemo} RIMM short .20 or long .30?
[15:04] {nemo} nevermind the short, pivot support at .07
[15:06] {dino} cml stopped -.33
[15:08] {Les} took the bounce on ntes +.08 ty nemo
[15:08] {nemo} yw
[15:09] {dino} stops and goes, sheesh
[15:21] {ese} out leap .04 +.02.........just one of them day....i'll still take a couple a hundred profit
[15:22] {ese} have a great weekend all.....see ya tuesday
[15:22] {Threei} take caare ese
[15:23] {ese} cya vad
[15:26] {dino} cya es
[15:26] {Les} ok. hole filled on AIG. NTES is good to me. try for one more b/d on it before close. a green finish
[15:27] {Les} aig wants to fall through 200 ma
[15:35] {dino} ndx held well
[15:35] {larisa} [13:52] {dino} before i forget, happy valetine's day gals
[15:35] {larisa} ty dino :)
[15:35] {larisa} same to all guys
[15:36] {dino} :)
[15:39] {larisa} as i grow older, I realize that men deserve to be happy too.. some of them at least :)
[15:39] {nemo} swm decided to make a late run
[15:39] {Threei} that's so very nice
[15:40] {billyc} gn all thanks for the calls have a great weekend
[15:40] {strider} It's a trick.
[15:41] {Threei} take care billy, have a good one
[15:42] {nemo} swm up a buck i the last 5 minutes
[15:43] {nemo} wow..gone momo
[15:45] {dino} ml l .50
[15:45] {nemo} what stock
[15:45] {dino} cml
[15:45] {nemo} cml
[15:47] {nemo} swm hit the premarket high and then backed off
[15:47] {dino} we should have played it all day
[15:48] {nemo} yeah...I'm thinking I should just follow 1 or 2 stocks maybe three at most
[15:49] {dino} markets random dancing is so, how do i say it?....random
[15:49] {nemo} eloquent
[15:50] {larisa} nemo, once I get seriously involved with a stock, it stops behaving. I have 6 charts up, so they do not know which one i like today :)
[15:51] {nemo} I'm not going to touch that one...
[15:51] {nemo} Nice bait...
[15:51] {dino} lol, up $92 net, peaked at $420, stupid, stupid
[15:51] {nemo} You make me feel good about myself dino
[15:52] {dino} why? misery like company?
[15:52] {nemo} oh, and next week is op ex...oh joy
[15:52] {nemo} yeah...schadenfreude
[15:52] {dino} missed last two
[15:53] {nemo} missed last two what
[15:53] {dino} opps forgot ups still on
[15:53] {nemo} almost an unintentional overnight
[15:54] {dino} larisa, i have 20 on all times, chaos today
[15:54] {larisa} how do you do that? 20 charts?
[15:55] {nemo} incredible focus
[15:55] {dino} cyber, click, charts pop up
06[15:55] * larisa slaps dino around a bit with a large trout
[15:55] {nemo} whoa
[15:55] {larisa} 6 up, but really can follow 3
[15:56] {dino} back at you w/box of chocolates
[15:56] {larisa} lol
[15:56] {Threei} gentleman... what can I say
06[15:56] * larisa slaps Threei around a bit with a large trout
[15:56] {dino} 8 windows open at one, plus other comp. here, an another windows 3 w/rea$/myanville/yahoo bus news
[15:57] {dino} so basically 12 windows open at once
06[15:57] * Threei slaps larisa around a bit with a large bouqet of flowers, box of chocolates and big pink ribbon that Larisa is free to put on whatefver or whoever she wants and consider it a gift
[15:57] {larisa} i want life easier than that:)
[15:58] {larisa} lol, thank you Vad :)
[15:59] {Threei} always
[15:59] {dino} out ups +.10
[15:59] {nemo} so now your up almost 200
[15:59] {Threei} okay guys, thank you all,
[15:59] {Threei} have a great long weekend,
[15:59] {Threei} happy Valentine day
[15:59] {larisa} bye all, ty for chocolate and flowers!
[15:59] {Threei} and I'll see you all on Tuesday
[15:59] {Les} ciao
[16:00] {nemo} P&Q
[16:00] {dino} no nemo, only 300 sh
[16:00] {nemo} oh, sorry, thought it was standard lot
[16:00] {nemo} gotta' go
[16:01] {dino} too much chaos in mkts and distractions here, keeping it sm
[16:01] {dino} cya bud

Thursday, February 11, 2010

Feb 11 2010

Almost perfect day, with 4 or 5 trades working beautifully early on, namely HIG short, WFC short, RIMM short and CY long, a few discretionary ones on SLW, TM, UAUA, CAT and monster SWM. Just one 10 cents stop on VXX later in the day.

Session Time: Thu Feb 11 00:00:00 2010

[07:54] {Threei} 7:18:11 AM
[07:54] {Threei} (GR) EU's Van Rompuy: Greece must take additional measures, coordinated action is needed to ensure stability of Euro Zone
[07:54] {Threei} - Reiterates that Greece has not asked for financial support.
[07:54] {Threei} - Seeking "rigorous" implementation of reforms, Greece will rely on IMF and ECB expertise in dealing with issues.
[07:54] {Threei} - Commission first assessment to be made in March; to propose new measures in March.
[07:54] {Threei} ***Note: No new concrete details have been heard in latest comments.
[07:55] {Threei} JASO
[07:55] {Threei} JA Solar Holdings Reports Q4 $0.14 v $0.11e, R $238.4M v $214Me
[07:55] {Threei} - Guides FY10 shipments to exceed 900MW v 750MW-800MW prior.
[07:55] {Threei} - Guides Q1 Shipments 215MW-225MW.
[07:55] {Threei} - CEO: "We continue to see strong demand from our existing customers as well as from new customers, and expect strong shipments for full year 2010 based on robust orders from a diversified customer base across multiple geographies."
[08:07] {nemo} amsc
[08:12] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET
[08:12] {Threei} - Expectations for initial claims are 465Ke v prior week at 480K (range seen from 440K to 485K)
[08:12] {Threei} - Continuing claims seen at 4.600Me v prior week at 4.602M (range seen from 4.550M to 4.610M)
[08:14] {Threei} JASO Exec: Continues to see strong demand for its products; expects US to be a strong market in 2010- conf call
[08:14] {Threei} - Expects demand growth from new markets like Japan and China
[08:17] {Threei} chart wise, JASO is gapping over important resistance at 5
[08:17] {Threei} I am not very ehtusiastic about it so far though
[08:29] {Threei} job numbers are coming in the theater near you any second
[08:30] {Threei} *(US) INITIAL JPBLESS CLAIMS: 440K V 465KE
[08:30] {Threei} CONTINUING CLAIM: 4.538M V 4.600ME
[08:41] {Threei} Canada is one happy place, I am telling you... latest debate on TV is whether Arlnod should be allowed to bear an Olympic torch tomorrow
[08:47] {Threei} Iranian President Tells People "Iran Is Now a Nuclear State"
[08:49] {Threei} anyone fweels like applauding?
[08:50] {strider} (sound of one hand clapping)
[08:52] {Threei} (GR) EU leaders discussing a lending facility for Greece; not yet appropriate for an EMU bond as assistance - unconfirmed report
[09:02] {Threei} EUR/USD Euro currency maintains soft tone in session as dealers note EU Summit has provided concept and not a specific plan
[09:02] {nemo} what's with market
[09:03] {Threei} I don't see any news
[09:04] {Threei} I don't feel much enthusiasm
[09:04] {Threei} bias remains slightly negative, IMO
[09:06] {fernp} Good morning everybody
[09:06] {Threei} fern :)
[09:18] {Threei} did snow cut off whole east coast? quite a few people are not here
[09:18] {fernp} sunny here :-)
[09:19] {Threei} here too but let's not tell them
[09:19] {nemo} fern...
[09:19] {nemo} south of Mass got whacked pretty good
[09:19] {Threei} record snowfall makes some people cranky
[09:20] {strider} AARGH!
[09:21] {nemo} dude
[09:21] {ese} dude
[09:21] {ese} morning all
[09:21] {Threei} ese :)
[09:22] {strider} morning, everyone.
[09:22] {nemo} dunedin
[09:23] {strider} fishface.
[09:23] {ese} st
[09:23] {strider} ese
[09:23] {nemo} this place brings out a certain lack of maturity
[09:25] {larisa} gm everybody :)
[09:25] {Threei} larisa :)
[09:25] {strider} good morning, larisa:)
[09:25] {nemo} lari :)
[09:25] {larisa} vad, strider, nemo :)
[09:26] {billyc} gm all
[09:26] {Threei} billy :)
[09:26] {Threei} (GR) EU Diplomat: Must check with EU treaty to decide which instruments to implement on Greece
[09:26] {Threei} - Market expectations of Greece do not reflect fundamantals; Hopes that review of Greek savings program next month will convince markets
[09:26] {nemo} nice C&H on fas, just broke
[09:28] {lasertrev} morning
06[09:28] * nemo slaps lasertrev around a bit with a large trout
[09:29] {Threei} trev :)
[09:29] {Threei} I am generally on a hunt for shorts guys
[09:29] {nemo} I'm short
[09:29] {strider} boxers or briefs?
[09:29] {Threei} sigh
[09:30] {Threei} asylum is iopen for business
[09:30] {nemo} wow...wish I'd said that
[09:30] {Threei} and the most worisome thing is, I feel right at home...
[09:30] {nemo} strider does well typing with his elbows
[09:31] {strider} fingers all worn out from dragging on the ground.
[09:31] {nemo} no, from having hands behind back in the straight jacket
[09:32] {Threei} Short Setup: HIG .90 break half lot
[09:32] {fernp} stop?
[09:33] {Threei} for scalpers, above 23,
[09:33] {Threei} for day traders above 23.10
[09:33] {Threei} my preference is 23.10, that's why half lot
[09:33] {Threei} morning volatility...
[09:35] {Threei} 1:1 for scalpers
[09:35] {Threei} 1:1 for daytdares
[09:35] {Les} wait, rewind the tape!
[09:35] {Les} GM
[09:36] {Threei} if partialling, stop to above b/e
06[09:36] * Threei slaps Les around a bit with a large cup of coffee... and large coffeemaker while at it
[09:36] {Les} hehe pc problems
[09:36] {strider} HIG bounce?
[09:36] {Threei} not yet
[09:37] {Threei} almost reached 1:2
[09:37] {Threei} 2 cents shy
[09:37] {Threei} market bounce helping it but doesn't feel like for too long
[09:37] {Les} .65 is pivot point for hig
[09:38] {Threei} stop to above .80, let's be stingy
[09:39] {Threei} dino and magoo can't make it to the office I guess
[09:39] {nemo} magoo is plowing
[09:39] {Threei} and dino is supervisingZ?
[09:39] {nemo} slacker
[09:39] {fernp} JASO in this pullback, Vad?
[09:40] {Threei} I doubt it
[09:40] {fernp} ok
[09:40] {Threei} looks dead in the water to me
[09:41] {strider} JAZZ
[09:41] {Les} hig on the .65 b/d? 20 cent stop...
[09:41] {Threei} JAZZ Hearing strength being attributed to takeover chatter
[09:41] {Threei} - Rumor states that TEVA proposed as interested party
[09:41] {Threei} not clear yet Les
[09:41] {Threei} let it establish something more solid
[09:42] {Threei} here is something fresher
[09:42] {Threei} WFC
[09:43] {nemo} break of .16?
[09:43] {Threei} no, short
[09:43] {fernp} BAC weak
[09:44] {Les} fas looks good
[09:44] {Threei} Short Setup: WFC .09 break
[09:45] {Threei} stop for scalpers above .16, for day traders above .20
[09:45] {Threei} not much difference though
[09:46] {Les} market looking more decisive today
[09:46] {nemo} aig may go momo
[09:46] {Threei} see how HIG is not following?
[09:47] {Les} y
[09:47] {Threei} WFC 1:1
[09:47] {Les} ty
[09:47] {Threei} another 1:1
[09:48] {nemo} aig momo
[09:49] {strider} trail WFC?
[09:49] {Threei} to above .10, absolutely
[09:52] {Threei} AIG nice call nemo
[09:52] {nemo} wild one
[09:58] {nemo} fas was just a beauty
[09:58] {nemo} there was a monster offer at 63.99
[09:58] {strider} short WFC .13
[09:58] {nemo} it got pulled and fas jumped .25
[09:58] {nemo} nothing in between
[09:58] {nemo} aig pullback
[09:59] {nemo} maybe bounce at .85-90 area
[10:00] {strider} cover .05 +.08
[10:02] {fernp} WMT on lows. any read, Vad?
[10:03] {nemo} turtle stock
[10:04] {Threei} yeah, I am not jazzed
[10:04] {fernp} ty
[10:04] {strider} AET
[10:05] {strider} late
[10:05] {fernp} ANN
[10:06] {Les} inverse h&s developing in mining stocks. SLW for ex?
[10:07] {Les} .55 break of slw vad?
[10:07] {Threei} probably
[10:08] {Threei} stop would have to be under .40
[10:08] {Les} ok
[10:08] {Threei} AUY may be better candidate in that sector
[10:08] {ese} L seed .02
[10:10] {strider} TM dbll bot
[10:11] {Threei} SLW 1:1 almost
[10:13] {ese} TM interesting is blaming the american manufacturers for not making the parts right and the manufactuers are blaming toyota for not giving them the right specs......
[10:14] {Threei} I haven't heard Toyota blaming anyone
[10:14] {Threei} it was all about design as far I as read, and it's their design
[10:14] {ese} was listening to that on CBC yesterday
[10:14] {Threei} that was someone's interpretation, I am sure
[10:15] {ese} had something to do with specs about brakes and something else
[10:15] {nemo} might want to watch aig for a bull flag
[10:15] {Threei} no single item on any wire ever suggested someone's fault
[10:15] {nemo} no sooner said...
[10:18] {strider} short HOG .57 stop .75
[10:19] {Threei} AIG, seems to be aiming for 29
[10:20] {fernp} UAUA .75 break, Vad?
[10:20] {Threei} I think so
[10:20] {ese} almost got stopped seed .82
[10:20] {ese} .80 sorry
[10:23] {nemo} rimm bull flag?
[10:23] {nemo} look at the pattern today
[10:24] {Threei} I'll have to say no
[10:25] {Threei} I don't believe in uptrend today so far
[10:25] {Threei} either stand-off or down
[10:25] {fernp} X around 46.00
[10:26] {Threei} things like AIG or UAUA that march under their own drum, fine... but flgship like RIMM, I'd have to change my general view
[10:26] {Threei} which is admittedly easy changed
[10:26] {nemo} yeah...well you believe in santa clause
[10:27] {Threei} ummm
[10:27] {Threei} so?
[10:28] {strider} The question is: does santa claus believe in you?
[10:28] {ese} just need seed to do one of it's nothing can stop me now runs
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 195M shares, about 22% below its three-month average; decliners lead advancers by 1.2:1.
[10:30] {Threei} - NASDAQ volume 410M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.
[10:30] {Threei} - VIX index +1.00% to just over 25.50
[10:32] {strider} cover HOG .42 +.15
[10:34] {Threei} RIMM drops... never found an entry
[10:34] {strider} ihr
[10:34] {Threei} .60 break was the only one remotely looking like setup
[10:34] {Threei} bit not very prononced
[10:36] {Threei} I think I need to stop making winning calls
[10:36] {Threei} each of them costs me a trialer... two of them connect in the morning,
[10:36] {Threei} first quits after first call is closed for profit,
[10:36] {Threei} secind does the same after second call
[10:36] {Threei} lol
[10:36] {Les} :)
[10:38] {strider} Good idea, vad. Just do all your winning calls when there are no trialers here.
[10:39] {strider} TM reaching support.
[10:39] {Threei} RIMM bounce nto resistance
[10:39] {nemo} Maharishi Mahesh?
[10:39] {strider} hey, yogi, is that you?
[10:39] {Threei} Short Setup: RIMM .55 if stays under .65
[10:39] {nemo} Hey boo boo
[10:43] {Les} uaua has crossed the rubicon and is pulling back. break of .87?
[10:43] {nemo} Hail Caesar
[10:43] {Les} hail
[10:43] {nemo} Hale?
[10:44] {Threei} .87? it was .75 long
[10:44] {Les} wasn't watching at .75
[10:48] {gregns} .
[10:49] {strider} howdy greg
[10:49] {Threei} 1:1
[10:49] {gregns} howdy
[10:49] {Threei} not scalping it
[10:50] {strider} what are you trading, vad?
[10:50] {Threei} umm
[10:50] {larisa} RIMM strider
[10:50] {Threei} stock market
[10:50] {Threei} [10:39] {Threei} Short Setup: RIMM .55 if stays under .65
[10:50] {Threei} sometimes I trade socks for vodka
[10:50] {Threei} but today I focus on stocks
[10:51] {strider} invalidated at .68, no?
[10:51] {Threei} didn't even see that... must have been out of bounds print
[10:52] {Threei} level 2 never went above .65
[10:52] {Threei} 1:2
[10:52] {Les} ok. I saw it invalidated too, so ignored it
[10:53] {Les} out slw for +.08
[10:53] {Les} wasn't solid setup so didn't share
[10:54] {ese} well ok ....i'm wrong.....thought that the market would go positive and carry seed with it....the break out above .00 didn't happen...fiar enough..... i'm out .97 -.05
[10:54] {ese} time to look esle where
[10:55] {strider} CAT
[10:56] {strider} long .81 CAT stop .68
[10:57] {ese} vad got a take on the mrkt today other than it's dn slightly......does a run into positve territory look possible
[10:58] {Threei} I don't see it
[10:58] {Threei} we are not that far from gfreen to make it totally impossible of course
[10:58] {ese} tks.......won't be my type of day then......may go into work early
[10:58] {Threei} just 17 points DOW
[10:58] {Threei} I just see this day as flat to negastive
[10:59] {ese} am thinkin the same
[11:02] {ese} ya right!!!! seed.......i think i recall hating this stock in another life
[11:02] {nemo} ?
[11:04] {Threei} (US) Senators Dodd and Corker have agreed shelve Consumer Protection Agengy legislation - CNBC (related MA V DFS )
[11:04] {nemo} fas not moving on that
[11:06] {Threei} not that ZI was very hot about that piece of legislation but what the deuce
[11:06] {Threei} they just abandion all attempts to change anything?
[11:08] {fernp} CY, what's your opinon Vad?
[11:08] {Threei} 11 is too good on daily to dismiss this break
[11:08] {strider} stop CAT -.06
[11:09] {Threei} hopefully market cooperates a bit to give it necessary push
[11:09] {fernp} yes, daily is very nice
[11:11] {Threei} US) New Jersey Governor Christie: Declares "fiscal emergency," move allows him to reserve or freeze spending
[11:11] {Threei} - Plans to close $2.2B budget gap by withholding $475M in school aid
[11:12] {nemo} hitting bids on cy
[11:12] {Threei} ?
[11:12] {nemo} there was a ton of red at 11
[11:12] {nemo} not hitting offers
[11:12] {Threei} (EU) EU's Barroso: Leaders at summit talked exclusively about Greece, did not discuss other countries (related EUR/USD BUNDS )
[11:13] {nemo} rinsed on cat strider
[11:15] {strider} yeah
[11:17] {Threei} green
[11:17] {strider} anybody gtaking CY?
[11:19] {nemo} i'm in
[11:20] {strider} stop .94?
[11:20] {nemo} that's what I'm looking at
[11:20] {Threei} well
[11:20] {Threei} depends on what you want fropm it
[11:20] {strider} I was thinking of profit.
[11:21] {nemo} .92 for day trade?
[11:21] {Threei} .90, to make it more sinsible... and .80 if swing trade according to daily chart
[11:21] {ese} L stec .91
[11:22] {ese} broker slow....wasn't sure i got filled
[11:22] {ese} out stec .995 + whatever
[11:24] {nemo} 68 was important level for rimm could run
[11:25] {Threei} never switched to lkong side on it, even though .65 break was powerful long signal
[11:25] {Threei} bias is harmful, eh
[11:25] {strider} out AINV overnight, +.17
[11:28] {dino} gm all
[11:28] {Threei} dino!
[11:28] {strider} really!
[11:28] {Threei} snow?
[11:28] {Les} you made it
[11:29] {dino} about 10"of snow, not too bad. real esate issues
[11:29] {dino} estate
[11:29] {strider} offering CY at .09
[11:29] {strider} oout
[11:29] {nemo} letting half go at .10
[11:29] {dino} how are you doing today?
[11:29] {Threei} fantastic
[11:30] {Threei} 3 for 3 on "official" calls, discretionary one on CY works like charm
[11:30] {nemo} 1:1
[11:30] {dino} wtg
[11:31] {Les} nice one fern
[11:31] {nemo} .11 is r2 for cy
[11:31] {nemo} that means .26 is r3 that's a long way
[11:31] {Les} yeh I'm still in
[11:32] {dino} wow swm
[11:33] {dino} beats and drops hard
[11:35] {Threei} when you have 3 min to waste,
[11:35] {Threei}
[11:36] {dino} and raises, strange swm
[11:37] {Les} wow, respect from John Lee.
[11:37] {Les} I don't find him to be generous to endorse
[11:37] {Les} so I'm impressed
[11:37] {Threei} Guides FY10 at least $4.60(ex charges) v $4.82e
[11:37] {Threei} SWM
[11:38] {nemo} oy...that's moving in $s
[11:38] {Threei} Les... if that characteristic is true, why wouldn't he like me {GGG}
[11:38] {nemo}
[11:39] {dino} swm v sm l .00
[11:39] {nemo} what's your stop?
[11:39] {dino} buck
[11:39] {dino} 200 sh
[11:40] {dino} damn had .75
[11:40] {nemo} they just raised there prices like 13%
[11:42] {nemo} goes at least to 51
[11:42] {strider} hmmm...SWM sells reconsituted tobacco products.....
[11:42] {strider} reconstituted
[11:43] {strider} what can you get for a pound of cigarette butts?
[11:43] {Les} Berkshire Hathaway?
[11:43] {dino} strange
[11:44] {Les} trading strategy of buffet's in his early career. find companies that are like cigar butts, good for one or two puffs
[11:44] {nemo} so much for market down
[11:45] {Threei} things change
[11:45] {Threei} we are 4 for 4, got a problem with it?
[11:45] {dino} stopped, greed got me
[11:45] {nemo} no, market just decided to skyrocket
[11:46] {dino} amsc sm l .50 trig
[11:46] {Threei} AMSC... what a toothache in the heart
[11:46] {Threei} lol dino
[11:47] {Threei} I'd prefer a pullback on this one...
[11:47] {Threei} haven't seen it working on breaks
[11:48] {dino} you may be right
[11:48] {nemo} aig riding 200 might break downtrend
[11:48] {dino} swm pisses me off
[11:48] {Les} is UAUA in trading range, or pulling back to go higher here?
[11:48] {Threei} as far as I am concerned it's done
[11:49] {dino} nemop 51 call is good
[11:49] {Les} I see it topped out here yesterday too
[11:49] {Threei} hasn't even attempted to break high while market spiked into new highs
[11:49] {Les} ok, could be the end for uaua. hmmm
[11:50] {Threei} market further run up may hold it floating, but as soon as market reverses UAUA should start drilling
[11:52] {Threei} providing we get any pullback in general market, hunt for short on it is on
[11:52] {Threei} Short Setup: UAUA .70 if stays under .80
[11:56] {nemo} cant short uaua
[11:57] {Threei} crrrrap
[11:58] {nemo} yeah, I tried at .76
[11:58] {Les} s uaua.74
[11:58] {nemo} you IB Les?
[11:58] {Les} y
[11:58] {nemo} smack Trev
06[11:58] * nemo slaps lasertrev around a bit with a large pissed off I can't short UAUA
06[11:58] * Threei slaps lasertrev around a bit with a large Les
06[11:59] * Threei slaps lasertrev around a bit with more Les
[11:59] {Les} signed up for laser, but will paper trade with IB till I got the magic 25
[11:59] {nemo} there was my 1:1
[12:00] {Les} out .65
[12:00] {Les} 1k, ooh yeh
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 390M shares, about 10% below its three-month average; advancers lead decliners by 2.9:1.
[12:00] {Threei} - NASDAQ volume 875M shares, about 6% below its three-month average; advancers lead decliners by 1.6:1.
[12:00] {Threei} - VIX index +1.00% to just over 25.50
[12:00] {nemo} OHHHHHH GOD!! TREV!!!!!!
[12:01] {Les} still holding CY
[12:04] {Threei} hmmm
[12:04] {Threei} this guy does have two hands:
[12:04] {Threei} (SA) South Africa President Zuma: Economy has 'turned a corner'; recovery remains uncertain
[12:11] {Threei} US govt obviously hired 1% more of ppulation
[12:11] {Threei} look:
[12:11] {Threei} 30% Say U.S. Heading in Right Direction
[12:11] {Threei} this number stayed at 29 firmly for months
[12:17] {Les} out cy +.11
[12:17] {Les} completely different day from yesterday
[12:17] {Threei} yesterday seemed just fine to me too
[12:20] {Les} for me and my head and my setups
[12:20] {Les} days like yesterday just suck me in to bad trades
[12:20] {Les} its the primary fault I must fix in my trading in order to advance
[12:21] {Threei} I'll find the page in MPP that will show you how to fix it
[12:22] {dino} les, good job getting over yesterday
[12:24] {Les} I don't stay angry dino. it is not my personality
[12:24] {Les} but those infrequent curve balls thrown by the market
[12:24] {Les} screw with my account
[12:25] {nemo} you are a curve ball, should fit you fine
[12:25] {Les} lol
[12:25] {Les} BELT UP NEMO
[12:25] {nemo} wow cat
[12:26] {dino} sometimes you have to play jardball
[12:26] {dino} hardball'
[12:27] {Threei} page 57 Les
[12:27] {Les} OK
[12:29] {nemo} closing the earnings gap
[12:30] {Les} I'd agree with page 57 to the extent that I need to have a sheet in front of me...
[12:31] {Threei} better yet
[12:31] {Threei} take the summary reslt,
[12:31] {Threei} write it on a Post-It with comment:
[12:31] {Les} that when we approach different days, I need to read something to remind myself...
[12:31] {Threei} the price of stupidity
[12:31] {Les} how I will approach the day.
[12:31] {Threei} slap it on your monitor
[12:32] {Les} these results are in my diary
[12:32] {Threei} and before pushing buy or short, take a last glance at it
[12:32] {Threei} asking yourself:
[12:32] {Threei} is it a valid setup
[12:32] {Threei} or is it a contribution to stupidity fund
[12:32] {Les} :)
[12:32] {larisa} funny
[12:33] {Threei} if latter, look at the price again
[12:33] {Threei} come on Larisa
[12:33] {Threei} you know better than calling my humorless exercises funny
[12:34] {Threei} I am void of funny
[12:34] {Les} I'm thinking of pasting simple trading mindset under my keyboard. Today is strong trend day, today is range bound day, today is rudderless day, with appropriate trading mindset and strategy
[12:34] {Les} I have trouble going from trending day to a nothing day. i keep trading same way as day before
[12:35] {Threei} whatever works... just don't put it ON a keyboard, or your typing goes the way of dodo... i.e., becomes much like mine
[12:36] {Threei} wow Les, you seem to have a very uncommon disease:
[12:36] {Threei} too LONG attention span
[12:36] {Threei} rarity among us, moth
[12:36] {Les} oh now you're just being modest...
[12:36] {Les} or taking the piss out of me
[12:36] {Threei} we tend to forget out name between "Hi", and "my name is..."
[12:37] {Les} break time. back later.
[12:43] {Threei} market fell asleep
[12:43] {nemo} aig collapsing
[12:43] {Threei} for the reasoin as mysterious as the one that sent it up earlier, lol
[12:43] {nemo} yep
[12:45] {Threei} GR) Greece PM Papandreou: EU leaders believe a "political message" is enough to stabilize markets
[12:45] {nemo} idiot
[12:46] {Threei} jawboning can fix everything they think
[12:52] {nemo} anybody short cat?:)
[12:54] {Threei} hmm?
[12:54] {Threei} why?
[12:54] {nemo} joke, strength like that way
[12:55] {Threei} ah... I don't have sense of humor, don't forget
[12:55] {nemo} I was walking dad, didn't see that part
[12:57] {larisa} actually considered short of .50 double top for scalp. so my trading must be a joke :)
[12:57] {nemo} frankly, maybe we should be looking at this as a pullback in cat
[12:57] {nemo} no lari, just very strong stock
[12:58] {Threei} larisa, you do know that you always hape option of slapping nemo with something heavy available to you, right?
06[12:58] * nemo slaps larisa around a bit with a large feather duster
[12:59] {larisa} did you watch CAT closely last 30 min nemo?
[12:59] {nemo} fairly
[12:59] {larisa} .57 fel like top.
[12:59] {larisa} felt
[13:00] {larisa} but of course it is strong one.
[13:02] {larisa} and you can be trend trader or countertrend, or mix it wildly for fun :)
[13:02] {nemo} nothing parabolic about it, very strong 45 degree, we get another double top here...50 ma is about.10 below
[13:04] {nemo} market sells
[13:04] {larisa} I just like these double tops on falling indicators. Plus my hotizon is 10-20 cents :) and i do not remember my name
[13:04] {larisa} horizon
[13:04] {nemo} gertrude
[13:05] {larisa} lol
[13:05] {ese} am outta here all.....have a great day.
[13:05] {Threei} take care ese
[13:05] {larisa} bye ese
[13:05] {ese} cya vad laris
[13:05] {Threei} wituh any market help it can drop to 55 easy
[13:05] {nemo} where did you short larisa
[13:09] {larisa} I did not, was watching it at 12:54 with one eye. Vad distracted me :) then you said anyone short and I responded :)
06[13:10] * Threei is now known as one big distraction
[13:10] {nemo} I'm short .34
[13:10] {larisa} I am not sure if time chart shows good setup. but tick does
[13:11] {Threei} .37 here
[13:11] {Threei} just for a scalp
[13:11] {nemo} 1/2 out
[13:11] {larisa} but you said "no way, it is strong" :)
[13:11] {larisa} take it back
[13:12] {nemo} I reserve the right to change my mind as conditions warrant
[13:12] {larisa} ahha
[13:12] {Threei} I don't - I have nopthing to change
[13:12] {nemo} except diapers
[13:13] {nemo} my min has gone free association
[13:13] {nemo} out
[13:15] {nemo} what's your stop vad?
[13:16] {Threei} what stop, it was just a quick scalp
[13:16] {nemo} .47
[13:16] {nemo} oh you were out
[13:16] {Threei} covered at .27
[13:16] {nemo} oh
[13:19] {nemo} big bid cat
[13:22] {Threei} DNDN lost its mind today?
[13:23] {patience} .
[13:23] {Threei} good point
[13:24] {patience} :)
[13:24] {nemo} there's that sense of humor
[13:24] {Threei} point-sized
[13:40] {Threei} UAUA total loss of will to live
[13:40] {Threei} CY continues attemots
[13:41] {Threei} Long Setup: DNDN 31.01 break
[13:41] {nemo} dndn, might be prepping for a run
[13:41] {nemo} hah
[13:41] {Threei} if stays above .90
[13:43] {Threei} invalidated
[13:43] {nemo} oh well
[13:44] {nemo} bounced right at support and formed possible H&S, or long here off support
[13:48] {nemo} that .80 support for the earlier break held well
[13:49] {Threei} CY at 1:1 for swing traders
[13:54] {dino} rino, missed it
[14:02] {Threei} Market Internals update at 2:00pmET
[14:02] {Threei} - NYSE volume 580M shares, about 6% below its three-month average; advancers lead decliners by 3.8:1.
[14:02] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; advancers lead decliners by 2.1:1.
[14:02] {Threei} - VIX index -5.3% to just over 24.00
[14:10] {dino} great wall of china at .50 on amsc
[14:12] {nemo} ntgr consolidating tight range
[14:13] {dino} swm wow
[14:13] {dino} i se why rino is up, lightening round last night cramer says don't buy it
[14:13] {nemo} least it's declinating in .50 segments now
[14:14] {nemo} I can't even look at TSCM gives me cramps
[14:14] {dino} re-test coming nemo?
[14:14] {nemo} looks it
[14:16] {nemo} might warrant a play get a pullback to .50-60
[14:16] {nemo} volume not convincing yet
[14:19] {nemo} .50 was it
[14:19] {dino} swm 45.50?
[14:19] {nemo} yeah
[14:19] {dino} guess so
[14:22] {nemo} might we be getting a C&H?
[14:22] {nemo} frickin spread
[14:22] {dino} have to lay out below imo
[14:23] {nemo} well, break of .50 or pullback to 00-.10
[14:23] {dino} gut says down to 45ish
[14:23] {nemo} beer gut?:)
[14:23] {dino} yeah
[14:24] {larisa} dino mentioned it first time, i blinked at 43ish, next blink was at 45ish :)
[14:24] {nemo} always trust that
[14:24] {dino} theres your break, you are better than i
[14:24] {nemo} no...I gave two possibilities
[14:24] {dino} nemo, you had 1.50 on it
[14:24] {nemo} yeah
[14:25] {dino} ok, 46 area
[14:25] {nemo} depends on volume this time around, see if this move supported
[14:25] {nemo} then, support at .50
[14:25] {dino} showing 46 20ma, 46.50 50ma
[14:26] {nemo} yep
[14:26] {dino} chart going up
[14:26] {nemo} she ain't coming back
[14:27] {nemo} Lido left the boat that day, he left the shack...that's all he left...he ain't coming back
[14:27] {nemo} Oh Christ...where's my gun
[14:27] {nemo} Vad, you play swm?
[14:27] {larisa} lol
[14:28] {Threei} me?
[14:29] {Threei} why would I?
[14:29] {nemo} Greed
[14:29] {strider} cause you are a wild and crazy guy?
[14:29] {larisa} no bad news on it right?
06[14:29] * nemo slaps strider around a bit with a large steve martin collection
[14:30] {Threei} guided lower larisas
[14:30] {Threei} -s
[14:30] {larisa} stop putting s everywhere
[14:30] {nemo} whoa
[14:30] {Threei} laria?
[14:30] {nemo} 200 point day today?
[14:30] {larisa} todasy anywasy
[14:30] {Threei} sounds japanese
[14:30] {nemo} You're making me feel better about myself
[14:31] {dino} don't
[14:31] {dino} lol
[14:31] {Threei} lol
[14:31] {nemo} Where's that list
[14:32] {nemo} ahhhhh....
[14:32] {nemo} pencil or pen....
[14:32] {nemo} pen...
[14:32] {nemo} D....
[14:32] {nemo} I....
[14:32] {nemo} N....
[14:32] {nemo} O....
[14:32] {dino} :)
[14:34] {larisa} I want today to be red closing
[14:34] {nemo} yeah...and I want....
[14:36] {dino} sadist
[14:37] {nemo} damn proud of it
[14:38] {nemo} swm bouncing off support
[14:38] {nemo} no volume yet
[14:41] {nemo} where's the strike on cat for op ex next week dino?
[14:48] {dino} typically they drive them to 5's or 0's
[14:49] {strider} TM trying to jump a little gap on daily
[14:50] {strider} c&h 5 min
[14:50] {nemo} SWM was so technically perfect.
[14:51] {nemo} Well, I gotta' go...see you guys too Lari and Patience
[14:51] {nemo} oh...and Vad
[14:51] {Threei} take care nemo
[14:51] {strider} had a good evening, nemo.
06[14:51] * nemo slaps Les around a bit with a large bag of lead shot
[14:52] {larisa} bye nemo :)
[14:53] {dino} chickened out on it nemo, take care
[14:56] {Threei} Long Setup: VXX .60 break half lot
[14:56] {Threei} if stays above .45
[15:00] {Threei} let's modify it
[15:00] {Threei} .40 - .50
[15:07] {Threei} no go
[15:08] {Les} hey I'm back. what's with the lead shot?
[15:09] {Threei} you'll have to ask nemo tomorrow
[15:10] {Les} I'm shot alright, but with good spanish red
[15:12] {Les} fitb up. wfc/ms down. fitb going to give me a shorting op before close?
[15:13] {Les} looks like the close is already stitched up
[15:14] {Threei} anyone's guess... it shows no indication of short being shaped up
[15:15] {Les} yeh, just finnies ain't showing strenght
[15:16] {Threei} Chinese solar name JinkoSolar cancels IPO due to poor market conditions
[15:16] {Threei} - No new date for the initial public offering has been set.
[15:16] {Threei} - Note that JinkoSolar is a major supplier for Renesola.
[15:16] {Threei} - Two previous Chinese solar companies, Trony Solar Holdings Co. and Daqo New Energy Corp., postponed planned offerings after struggling to price in December and January.
[15:19] {Les} uaua/cal recovered a little. dal a b/d candidate
[15:25] {Les} here comes fitb
[15:29] {Les} voila. this was best strategy to a market going nowhere.
[15:30] {Les} take profits early
[15:30] {Les} get drunk and forget about market later
[15:30] {Les} not bad trades made today
[15:30] {Les} no bad
[15:30] {Les} slw
[15:31] {Les} PM miners coming down
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 755M shares, about 6% below its three-month average; advancers lead decliners by 4.2:1.
[15:32] {Threei} - NASDAQ volume 1.74B shares, about 1% below its three-month average; advancers lead decliners by 2.5:1.
[15:32] {Threei} - VIX index -5.00% to just over 24.00
[15:36] {dino} oo sm l swm
[15:37] {Les} .25 b/d GG?
[15:37] {Threei} probably
[15:40] {Threei} not anymore
[15:40] {Les} yeh
[15:44] {Threei} dino take the frikin profit already, will ya?
[15:44] {Threei} I van't do anything ele, watching this monster
[15:44] {Threei} can't
[15:44] {dino} lol
[15:44] {dino} out .95 +.95
[15:44] {Threei} seriosuly, lol... how do you stomach such volatility
[15:44] {Les} what r u in dino?
[15:44] {dino} swm
[15:45] {dino} and vad, i don't know. sometimes the gut wants what the gut wants (or something like that)
[15:45] {Threei} I know... it's just gut-wrenching :)
[15:45] {dino} i will be playting that tomorrow
[15:46] {dino} for today, most likely done
[15:46] {Threei} dailky is beyiond bizarre on it
[15:46] {Threei} daily
[15:49] {Threei} I'd say good timing on exit
[15:51] {dino} then say it
[15:51] {Threei} sorry, too lazy
[15:51] {Threei} I'll keep silent
[15:52] {Threei} but if I did want to say something, it would be" good timing on exit
[15:52] {dino} lol
[15:55] {Threei} aside of SWM{ it was the day of "bore me with profit, and I'll yawn all the way to the bank" type
[15:56] {strider} holding small TM overnight, from 75.38.
[15:56] {strider} Call me crazy
[15:56] {Threei} strider is crazy
[15:56] {strider} thank you, thank you very much.
[15:56] {Threei} always
[15:57] {Threei} just ask, I am here for ya
[15:57] {Les} wow its already 10 pm. time flies.
[15:57] {strider} :)
[15:57] {Les} nigth alla.
[15:57] {Les} night all
[15:57] {Threei} Les is crazy too
[15:57] {Les} that be the booze talking
[15:57] {Threei} but in his own way
[15:57] {Les} ciao
[15:57] {strider} well that's better..
[15:57] {Threei} take care Les
[15:58] {Threei} okay guys, calling it a day
[15:58] {Threei} thank you all
[15:58] {Threei} have a great evening
[15:58] {strider} thanks, vad.
[15:58] {strider} you too.
[15:58] {Threei} may SWM not come to you in your dream
[15:58] {strider} gonnaj watch Survivor tonight?
[15:58] {Threei} lest your dream turns into nightmare
[15:58] {strider} 1st install of new season.
[15:58] {Threei} not me
[15:59] {strider} I keep hoping patience and larisa will be on there.
[15:59] {Threei} Lost fills up my TV- island needs
[15:59] {strider} TM closing at hod.
[15:59] {strider} where it started.
[16:00] {dino} gn all, thx
[16:00] {larisa} bye all :)

Labels: , ,

Wednesday, February 10, 2010

Feb 10 2010

Session Time: Wed Feb 10 00:00:00 2010

Not too active but nicely profitable day. Being bombarded be endless headlines, we decided to stay on careful side. Picky trading paid off with wins outweighing stop at the rate about 5 to 1

[07:58] {Threei} TM Reportedly firm planning ot suspend production of Lexus HS250h, Sai Hybrids -Kyodo
[07:59] {Threei} ***Reminder: On Feb 8 - Toyota plans to suspend production of Sai and Lexus hybrids in Japan later this week, and continue to idle the plants for at least one week - Nikkei news
[07:59] {Threei} - Move will affect production of about 4,000 vehicles.
[07:59] {Threei} not biggie I believe
[08:06] {Threei} GR) Reportedly German official: Sees no concrete steps for Greece at summit; Debating aid will not solve issue
[08:31] {Threei} *(US) DEC TRADE BALANCE: -$40.2B V -$35.8BE
[08:34] {Threei} ATHX UPDATE: Receives U.S. Patent Covering Adult Stem Cell Composition & Production
[08:34] {Threei} - Athersys also announced that it has been granted and the opposition period has cleared EP patent
[08:36] {nemo} Bernanke talking today about deleveraging, should be some moves in fas/faz
[08:37] {Les} haha thought you said Berlasconi, was gonna say wtf?
[08:37] {Threei} 10:00 Fed Chairman Bernake to testify before House Financial Services Committee. 09:30 Fed's Tarullo testifies before Senate Panel on systemic risk. 12:45 Fed's Plosser speaks on the financial crisis.
[08:42] {Threei} More Voters Now See Obama As Confrontational
[08:43] {Threei} heh... I forecast a year ago, this guy will be so divisive, W will look like dove of peace
[08:43] {Threei} Reminder: Today's Bernanke House hearing has been delayed but his testimony will still be released from embargo at 10:00ET
[08:43] {Threei} - The topic of the House hearing is "Unwinding Emergency Federal Reserve Liquidity Programs and Implications for Economic Recovery."
[08:43] {Threei} - The hearing has been postponed due to the snow storm on the east coast.
[08:43] {Threei} **In some of his most recent commentary from last month, Bernanke noted:
[08:43] {Threei} - Fed is confident it can control monetary and credit growth; Fed officials understand that the balance sheet needs to be normalized; Raising rates on reserves is one way to control balance sheet.
[08:43] {Threei} - Policy decisions must be forward looking; Policy decisions in early 2000 do not seem to be inappropriate; Not worried about confidence in US financial system.
[08:43] {Threei} - Economy only now beginning to recover from deep recession; Monetary policy may not be appropriate for dealing with bubbles; Appropriate response for dealing with housing bubbles is regulatory rather than monetary; Rate hikes are not the best tool to burst asset bubbles.
[08:43] {Threei} - Dollar remains the dominant reserve currency.
[08:43] {Threei} - If the regulatory system is not reformed to deal with future bubbles or if it is not able to keep risks in check, we must remain open to using monetary policy as a supplementary tool for addressing those risks.
[08:50] {Threei} Greece PM: Reiterates view that Greece has the will to implement stability plan
[08:51] {Threei} if it does, why the need to reiterate?
[08:52] {Les} gonna be another up and down day is it?
[08:52] {Threei} with all the headlines coming, sure feels like it
[08:53] {Threei} it's all too fresh, so reaction still should be pronounced
[08:53] {nemo} We'll see more as Bernanke's speech gets digested
[08:53] {Threei} in a while it gets old and market starts ignoring all but really material items
[08:56] {nemo} amsc up .41
[08:56] {Threei} IC) ICELAND JAN UNEMPLOYMENT: 9.0% V 8.2% PRIOR
[08:56] {nemo} whoa
[08:57] {Threei} boy, is Europe screwed
[08:57] {nemo} BOHICA
[08:58] {Les} I have the feeling we're all screwed this year
[08:59] {Les} still as long as the market goes up or down, there's a dollar in it for us
[08:59] {nemo} who makes vaseline? buy stock
[08:59] {Les} naughty
[08:59] {nemo} Older I get, less I like pain
[09:00] {Threei} as long as you like causing it, you are young in your heart
[09:01] {nemo} NP...just takes longer to heal these days
[09:01] {Threei} STEM Announces First Human Neural Stem Cell Transplant in Landmark Myelination Disorder Trial
[09:02] {nemo} Parkinson's?
[09:02] {Threei} Pelizaeus-Merzbacher Disease
[09:06] {nemo} big offer fcx .58
[09:07] {fernp} Good morning everybody
[09:07] {Les} hey fern
[09:07] {Threei} fern :)
[09:08] {nemo} hola fern
[09:15] {strider} morning everyone.
[09:15] {Threei} strider :)
[09:15] {strider} :)
[09:16] {Les} strider
[09:17] {strider} morning les.
[09:19] {Threei} (GR) Press speculation surfaces that German Gov't cannot aid Greece
[09:19] {Threei} ***Reminder: Earlier today a German official commented that it was unlikely to see concrete steps for Greece at summit, and debating aid will not solve the issue
[09:21] {lasertrev} gm
[09:21] {Threei} trev :)
[09:21] {nemo} trev lari
[09:21] {larisa} gm vad, nemo and everybody :)
[09:21] {Threei} larisa :)
[09:23] {nemo} chicago had an earthquake
[09:23] {Les} hey larisa
[09:24] {larisa} hi les :)
[09:27] {Threei} nemo?
[09:27] {Threei} serious?
[09:27] {nemo}
[09:28] {nemo} lotta' them lately
[09:28] {nemo} prelude to 2012
[09:28] {dino} gm all, six inches of snow so far
[09:28] {Threei} dino :)
[09:28] {ese} good morning
[09:28] {Threei} ese :)
[09:29] {strider} dino, ese.
[09:29] {ese} st vad
[09:29] {nemo} tm up 1.29
[09:31] {nemo} wow ntgr
[09:31] {billyc} gm all happy Wednesday
[09:31] {Threei} billy :)
[09:31] {Threei} NTGR earning, guidance, couple upgrades
[09:31] {Les} hey billy
[09:32] {Threei} Yesterday 16:11 NTGR Reports Q4 $0.34 v $0.22e, R $219M v $179Me
[09:32] {Threei} - Q4 Gross Margin 31.1% v 33.5% q/q v 30% y/y
[09:32] {Threei} - Guides Q1 Rev $195-205M v $178Me
[09:32] {Threei}
[09:32] {Threei} GR) Greece Central Bank: Jan cash deficit at 818M
[09:33] {ese} in and out brcm .67/ .93 +.26
[09:33] {Les} nice
[09:33] {lasertrev} ese dcc please
[09:35] {fernp} WFC 27 break, Vad?
[09:36] {Threei} couple more bars...
[09:36] {Threei} so .90 support is firmer
[09:36] {fernp} ok ty
[09:36] {Threei} next bar break yes, if holding above .90
[09:37] {Threei} there, valid now - IF holding above .90
[09:38] {Threei} (GR) ECB council is reportedly planning a conference call on Greece debt crisis at 12:30pmET
[09:38] {Les} TM .70 break vad?
[09:39] {Threei} no...
[09:40] {Threei} or rather: coin toss
[09:40] {Threei} don't see it one way or another
[09:40] {Threei} overall guys:
[09:40] {Threei} today is the day of endless headlines
[09:40] {Threei} Greece and Big Ben
[09:40] {Les} s tm .59
[09:40] {Threei} let's be very conserbative, very picky and quick to get out
[09:41] {larisa} go outside, make snowman ? :)
[09:41] {Threei} snowgirl?
[09:41] {larisa} :)
[09:41] {Les} I should've booked my haircut for 11 am NY time, not before opening
[09:42] {nemo} fcx coughing up a furball
[09:45] {Threei} Short Setup: NTGR .75 break half lot
[09:45] {Threei} if stays under .90
[09:48] {Les} stopped TM
[09:49] {Les} unfortunately type 1 scalp required for TM there, which my account does not permit. if that be the case, need to find, sub-$20 stocks
[09:51] {Threei} TM is last stock I would use for scalp type I
[09:51] {Les} lesson learnt today
[09:51] {Threei} well, second last, first being GOOG {G}
[09:51] {Les} tm has been a money spinner for me
[09:52] {Les} but not if it must be quick small scalp
[09:52] {Threei} you need a thick stock with huge liquidity for that
[09:52] {Threei} look at FITB level 2
[09:52] {Les} PM miners might be bouncing before further b/d, can't tell. KGC, GG, SLW
[09:52] {Threei} that's your typical scalp type I stock
[09:53] {Les} yeh ok
[09:53] {Les} PM miners following market. sorry
[09:55] {nemo} rimm strong again
[09:56] {Threei} I continue looking for short entry on NTGR
[09:57] {nemo} it's forming downtrend, short at the top
[09:57] {Threei} right
[09:57] {Threei} Short Setup: NTGR .75 if stays under .85, half lot
[09:58] {nemo} tm strong, guess it bottomed
[09:58] {Threei} EU's Barroso: Part of EU's growth potential has been adversely impacted by the crisis; EU must address imbalances in the Euro Zone (related EUR/USD )
[10:00] {Threei} US Fed Chair Bernanke: Fed may opt to raise discount rate before long; change would not mean outlook on policy is shifting
[10:00] {nemo} 1:1
[10:01] {Threei} [09:40] {Threei} today is the day of endless headlines
[10:01] {Threei} [09:40] {Threei} Greece and Big Ben
[10:01] {Threei} how about this red candle eh
[10:01] {Threei} EUR/USD Dollar firms on initial Fed's Bernanke written remarks; tests 1.3710
[10:03] {Threei} Long Setup: VXX .80 break half lot
[10:03] {Threei} if stays above .65
[10:07] {Threei} 1:1
[10:07] {fernp} ty Vad
[10:07] {Threei} welcome sir
[10:07] {billyc} thank you
[10:07] {Threei} 1:2, out
[10:08] {Threei} :)
[10:08] {Les} damn
[10:08] {Les} but ty for the setup
[10:08] {Threei} what, you didn't believe in me?
[10:08] {Les} no, took the scalp, but underestimated VXX again
[10:09] {Threei} it's eassy to underestimate, I do it every day
[10:09] {Les} its a nice trading tool
[10:09] {Threei} don't regret it todasy
[10:09] {Threei} today is not your normal day
[10:10] {Threei} safety is concern number 1
[10:10] {Threei} well, it always is... but today is more than usual
[10:11] {strider} vad, next time we have a normal day...will you let us know:)
[10:11] {Threei} bet on it strider - will it be OK if I do it after the day is over?? :)
[10:11] {strider} oh...
[10:11] {strider} never mind.
[10:11] {Threei} 16:01 - hey. today was normal!
[10:12] {Threei} well, seriously - sometimes you just know that things are scorching hot emotionally
[10:12] {Threei} and today we have too many material developments
[10:12] {Threei} market can easily get tired of listenting tothem,
[10:13] {Threei} that's when it will return to less jerky trading
[10:13] {strider} seriously stopped NTGR
[10:13] {Threei} why not take 1:1?
[10:13] {strider} -.19
[10:13] {Les} didn't fill
[10:14] {strider} you're right, can we do that over?
[10:14] {Threei} 1-2 cents... come on
[10:14] {nemo} yeah, in this haphazard environment
[10:14] {Les} yeh wasn't fast on the ball
[10:14] {Threei} [09:40] {Threei} let's be very conserbative, very picky and quick to get out
[10:14] {strider} well how the heck do you know that you should take .01- or .02 less...and not wait for the goal?
[10:14] {nemo} wham bam thank you mam-trading
[10:15] {Les} strider I seriously considered stopping flat, could see the stock didn't want to drop
[10:15] {strider} you're smarter than I am, Les :)
[10:16] {Les} it can only have a go at support so many times before choosing the easier route
[10:17] {Les} can only have a go at breaking support so many times
[10:17] {nemo} tm at support
[10:21] {strider} short TM .60
[10:21] {Les} tak the scalp
[10:21] {nemo} partial
[10:22] {nemo} if you don't don't tell us
[10:23] {Les} TM support .37
[10:23] {nemo} 200 ma on tm is .25
[10:25] {strider} cover .43 +.17
[10:25] {larisa} did you cover because of that, strider?
[10:26] {larisa} [10:21] {Les} tak the scalp
[10:26] {larisa} [10:21] {nemo} partial
[10:26] {strider} because of what?
[10:26] {nemo} she's implying peer pressure
[10:26] {strider} I have peers?
[10:26] {larisa} lol
[10:26] {Les} nonsense larisa. strider would tell us to get stuffed if he wanted to
[10:26] {Threei} lopl;
[10:26] {nemo} I just said, partial by the way
[10:27] {nemo} lopl?
[10:27] {ese} My Rhythm and blues band The Blues Bash here in Victoria
[10:27] {Threei} yeah, that lol typed with accent
[10:27] {strider} I thought you were looking for your teeth, nemo.
[10:27] {larisa} LOL
[10:27] {nemo} still have all of them strider
[10:27] {larisa} ok, next time I will not worry for strider
[10:28] {Threei} hey, famiuliar faces, ese!
[10:28] {Les} NTGR going to test 50 ma. short entry somewhere?
[10:28] {ese}'s a good band...great people to work with
[10:28] {strider} Thanks, larisa....but I did cover for the wrong reason, I think..just not for THAT wrong reason.
[10:29] {ese} how bout that drummer eh?
[10:29] {Threei} it's the same event I was lucky to photograph
[10:29] {strider} I probably did it to make back my loss on NTGR.
[10:30] {Les} FITB salmon drop
[10:30] {larisa} this is understandable, I just wanted to kill both of them while they were giving you advices during the trade:)
[10:30] {ese} yup....sure was vad......finally got the mixed to where it sounds good on video
[10:30] {ese} sound mixed
[10:30] {strider} That's better than what vad does. He gives me advice AFTER the trade.:)
[10:30] {Les} fitb .30 b/d?
[10:30] {Threei} lol
[10:31] {strider} And won't let me rewind.
[10:31] {Threei} Les... slow and narrow - fir type I, maybe,
[10:31] {nemo} you on skins ese?
[10:32] {Threei} but better try aggressive entry then while market os droopping and FITB lags
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; decliners lead advancers by 5.8:1.
[10:32] {Threei} - NASDAQ volume 485M shares, about 4% below its three-month average; decliners lead advancers by 3.2:1.
[10:32] {Threei} - VIX index +0.75% to just over 26.00
[10:32] {ese} yup...thats me nemo
[10:32] {nemo} handsome bastard
[10:33] {strider} HOG is bleeding today.
[10:33] {ese} I have a degree in hitting things........oh B of Mus Ed in Percussion Performance with a mathematics minor
[10:33] {nemo} I have a degree in hitting things to :)
[10:34] {ese} cool......what
[10:34] {strider} so you can hit things with mathematical precision.
[10:34] {ese} yup
[10:34] {strider} wow.
[10:34] {nemo} mine are not politically correct studies
[10:34] {ese} hmmmmmmmm
06[10:34] * strider slaps nemo around a bit with a large mathematics book
[10:35] {nemo} tower bottom on TM
[10:35] {nemo} looking for right side of inverse H&S
[10:37] {Threei} FITB Exec: expecting 2010 losses less than those seen in 2009 - investor day
[10:37] {nemo} crissakes, paying attention to that vid and tm broke above .20
[10:39] {nemo} hit 1:2 if anyboy paying attention
[10:39] {nemo} .50 resistance
[10:40] {nemo} 1:3...sob
[10:40] {Les} sorry you said something nemo
[10:40] {Les} was enjoying the music
[10:41] {dino} sidetracked day here
[10:41] {strider} so was I, les.
[10:41] {Les} you'll have to come out to Darwin listen to Australian Jazz musicians on the lawns of casino during dry season
[10:42] {Les} ese, july, august, darwin is full of european girls and good pub life
[10:42] {Les} great weather
[10:42] {nemo} 1:4
[10:42] {ese} i'm in....
[10:42] {Les} saw fitb go long, but didn't think it would be this long
[10:42] {strider} Russian women are the best of the best, imo.
[10:43] {ese} can i get my band invited there?
[10:43] {nemo} in what ese
[10:43] {Les} good question. one day I'll return and look up the Casino, who organises it
[10:43] {ese} that festival in Darwin
[10:45] {Les} no its not festival. during dry season, jazz music every sunday afternoon with booze and food and fantastic sunset
[10:47] {ese} baby!!!!! my kind of town!
[10:48] {Les} yeh I dream of making money here with you guys and returning home two months during summer
[10:48] {fernp} JPM, Vad? breakdown?
[10:48] {Les} a few years from now
[10:48] {strider} vad, TM have enough consolidation for a long entry?
[10:49] {Threei} can't tell fern
[10:49] {strider} whoops.
[10:49] {Threei} looks like a good candidate to shake you ourt
[10:49] {Threei} TM answered, eh :)
[10:49] {strider} that was my second choice.
[10:50] {nemo} what was oil numbers?
[10:50] {nemo} were
[10:50] {ese} L brcm .65
[10:50] {dino} wow jst just sold fromn yesterday at 46.75, +1.95
[10:50] {Threei} aren't in nemo
[10:50] {Les} nice one dino
[10:50] {Threei} don't know why
[10:51] {dino} got lucky
[10:51] {Les} very
[10:51] {larisa} all numbers postponed by Friday due to bad weather :)
[10:51] {larisa} gj dino
[10:52] {dino} ty
[10:53] {Threei} sheesh AMAG
[10:53] {Threei} see JPM fern?
[10:56] {dino} hmm amsc green
[10:57] {Threei} HIG Hearing takeover chatter circulating
[10:57] {larisa} MEE trying to break downtrend
[10:58] {Les} fitb .60 b/o?
[10:59] {Threei} only after pullback, holding .55 and with market help
[10:59] {Les} sheesh not asking much is it
[10:59] {strider} AINV, slow mover
[10:59] {fernp} NYX, Vad? any read?
[11:00] {ese} out brcm .72 +.07 4k
[11:01] {dino} gj
[11:01] {Threei} no fern
[11:01] {fernp} i see. TY
[11:01] {Threei} don't like it as trading candidate
[11:02] {ese} tks
[11:06] {Les} finnies coming down
[11:07] {Les} MS is leading. watching wfc and fitb
[11:08] {Threei} GOOG Reportedly planning to build and begin testing ultra high speed broadband networks in a small number of US trial locations
[11:09] {nemo} damn ntgr broke
[11:10] {strider} Good. I hope it's FUBAR.
[11:10] {Les} I want my money back
[11:10] {nemo} yeah snafu
[11:12] {strider} AMZN in nice range.
[11:13] {larisa} missed .40 break on it for scalp
[11:15] {strider} TM in same pattern
[11:15] {strider} a dastardly duo
[11:15] {nemo} Dick an Muttley
[11:24] {nemo} scalped rimm .49-.35
[11:24] {nemo} lucky I scalped
[11:24] {larisa} on pivot break?
[11:25] {nemo} actually break under 200 at .50
[11:25] {nemo} with pivot just above it, wanted it to clear 200
[11:25] {larisa} gj
[11:26] {Threei} (GR) EU's Juncker confident can find a market satisfying solution on Greece situation
[11:26] {nemo} had support at .30, didn't want to go further
[11:27] {ese} L brcm .71
[11:28] {Threei} (GR) EU officials state bailout is unlikely: CNBC
[11:29] {ese} correction .714815
06[11:29] * nemo slaps ese around a bit with a large calculator
[11:29] {ese} agady agady agady
[11:29] {larisa} out MEE
[11:31] {strider} did good?
[11:31] {larisa} +.40
[11:31] {Threei} I'd say more than good
[11:31] {strider} yeah, well that's ok.
[11:32] {Les} let's all follow larisa
[11:32] {strider} Can't. Restraining order.
[11:32] {Les} VAD fitb might be ready this time?
[11:32] {Les} fas wants up
[11:32] {Les} .06 break
[11:32] {Les} .60
[11:32] {Threei} probably... a bit better odds than last time around
[11:33] {strider} +.10 AMZN long scalp
[11:34] {Les} i'll wait for return to trigger for confirmation
[11:34] {ese} out brcm .79 + whatever
[11:34] {nemo} use the frickin' calculator
[11:34] {fernp} BRCM .80 break, Vad?
[11:35] {strider} good brand name for a calculator, nemo.
[11:35] {nemo} hehehe
[11:36] {Threei} only if market makes a big jump and BRCM gives you a cvhance to enter fern
[11:36] {ese} ahhhhh ok....will get right on that calculation
[11:36] {fernp} ok, ty
[11:38] {ese} with a handle like that wonder
[11:39] {Les} lol, couldn't think up anything funnier than that
[11:40] {Threei} AMSC...
[11:41] {ese} L brcm .74
[11:42] {dino} you take amsc 3i?
[11:42] {Threei} no... still cvan't make up my mind about it
[11:44] {ese} out brcm .69 -.05 to the well too many times
[11:44] {Threei} Hitwise: Google has 71.5% of US searches in Jan, Yahoo takes 15.6%, Bing takes 9.4%
[11:49] {Les} s brcm .54
[11:49] {Les} .64
[12:02] {ese} vad....stec 1min chrt what do you think.....shs bit thin
[12:02] {ese} .85 to .90 consolidation
[12:02] {ese} ahhh what the heck sm L ,87
[12:03] {ese} middle of range we'll see what happens
[12:03] {ese} markets heading dn but it's holding it's own
[12:07] {Les} stopped brcm. market sux today
[12:09] {nemo} is always right, so...who sucks today?
[12:10] {Les} smarmy little people who write commentaries like that
[12:10] {nemo} hehehehe
[12:10] {Les} actually BRCM made 1:1. I didn't take it, wanted more. got greedy. got stupid
[12:11] {nemo} scalp day today
[12:11] {Threei} Les... reread that morning warning again
[12:11] {nemo} lunch too
[12:11] {strider} 'got stupid'? Where do you get 'stupid'? I may need some more of that.......have used most of mine up.
[12:11] {Threei} lol
[12:11] {Les} here, let me share some stupid, stupid
[12:12] {Les} :P
[12:13] {fernp} HAL wotrh a try, Vad?
[12:14] {Threei} only if maret spikes sharply
[12:14] {fernp} .ok
[12:17] {ese} have any of you ever subscibed to any of the squawk boxes of the s&p or nyse to get a sense of buying and selling pressure coming into the mrkt
[12:18] {dino} not i
[12:18] {Threei} horribly annoying ese
[12:18] {ese} me neither
[12:19] {ese} ahhhhhhh in what sense
[12:19] {Threei} irritasting noise
[12:19] {Threei} irritating
[12:20] {ese} thats all it is ........just noise......can't hear bids or sells of any kind?
[12:20] {Threei} the idea is, you are supposed to get a feeling of emotions by the decibel level
[12:20] {Threei} no
[12:20] {ese} that seems useless
[12:20] {Threei} well, not for sellers pf thast service
[12:20] {Threei} very useful for them
[12:21] {ese} indeed
[12:21] {ese} i'm liken the look of the stec 15 chart
[12:22] {ese} 15 min
[12:22] {ese} IBM was thinking about buying this company at one time wern't they
[12:23] {Threei} if SPY breaks 107, let's consider AMSC long
[12:23] {ese} i should have know brcm would do something like it's now doing
[12:23] {Threei} ideally I'd prefer pullback to about .60
[12:23] {fernp} out HAL 1:2
[12:24] {fernp} ty Vad
[12:24] {Threei} breakout is less desirable
[12:24] {Threei} welcome sir
[12:24] {ese} daaaaaaaaa and i took a .05 loss
[12:25] {Threei} on what eseZ?
[12:25] {ese} brcm
[12:26] {ese} in.74 out .69 last trade
[12:26] {Threei} oh
[12:26] {Threei} I don't know why you bothered with it at the moment
[12:26] {Threei} market wass dead
[12:27] {Threei} BRCM is not usually moving without market
[12:27] {ese} i just get krazzzy you know......say that with italian accent
[12:28] {Threei} I can't... my accent is the only one I have
[12:28] {ese} and it's cool too!!
[12:28] {ese} gives me that real worldly sense when i'm talkin to you
[12:29] {Threei} (EU) Italian PM Berlusconi: Not expecting Germany to veto ECB's Draghi as a replacement for the current ECB chief Trichet
[12:29] {Threei} - Note: Reports circulated that Germany's Weber was in contention for the spot as head of the ECB
[12:29] {Threei} (GR) Greek PM Papandreou: Insists that Greece never requested any aid, reiterates will do what is necessary to deal with crisis (related EUR/USD SOVRX BUNDS NBG )
[12:29] {Threei} I have to say, I dpon't think I've ever seen market being this sensitive to what's happening in Europe
[12:30] {Threei} asian crisis, russian crisis, south america crisis... it's all we've seen
[12:30] {ese} thats a good point
[12:30] {Threei} Europe - first on my memory
[12:30] {ese} talking about real world.....i'm 2 real world cents dn in stec
[12:31] {Threei} AMSC never gave us pullback
[12:31] {Threei} not chasing it anywasy
[12:31] {Threei} this stock can punish chasing more cruelly than Spanish inquisitor punishes heretics
[12:31] {larisa} todasy, anywasy.. vad:)
[12:32] {Threei} they really need to move keys further apart Larisa
[12:32] {Threei} or I need to stop typing with my elbows
[12:36] {dino} you need a bigger keyboard vad, like those big button remotes
[12:37] {Les} NTGR returning to 24
[12:45] {Threei} ok guys
[12:45] {Threei} let's decide on the direction
[12:45] {Threei} IMO, we are reversing for the moment
[12:45] {Threei} downtrend is likely for the next little while
[12:46] {Threei} but today everything is discretionary, so if you don't feel it's right, simply stay away
[12:46] {Threei} next couple aslerts will be on a short side
[12:47] {Threei} Short Setup: RIMM .75 break half lot
[12:48] {Threei} high of this bounce will define the stop level, and invalidation is .90 for now
[12:48] {Threei} ok, if you are very stingy, keep .85 break as stop level
[12:50] {strider} not much of a bounce
[12:51] {Threei} I still prefer .90
[12:51] {Threei} and would start trailing it after loss of .70
[12:51] {strider} in .74
[12:54] {Threei} (GR) Reportedly EU will work on further details concerning support for Greece on Monday - unconfirmed report
[12:55] {Les} Are there federal communication laws that restrict us from creating our own rumour business?
[12:56] {Threei} I'd suggest to exploit existing ones by delegating nemo in the Rumor Bunker as our spy
[12:56] {Threei} more cost effective
[12:56] {Les} rumor bunker?
[12:57] {Threei} yes.. one under the Gossip Plaza in Hearsay City
[12:57] {Threei} where all this stuff is being produced
[12:59] {Les} ntgr
[13:00] {Threei} RIMM no worky
[13:00] {Threei} first stop for today
[13:00] {fernp} .stopped RIMM
[13:01] {strider} my 2nd
[13:02] {strider} ihr
[13:03] {Threei} reversal notion is wrong so far
[13:03] {Threei} backing away
[13:06] {Les} averaging in ntgr .90
[13:10] {Threei} short?
[13:10] {fernp} SCO, VAd?
[13:11] {Threei} hmm
[13:11] {Threei} what do you see in there??
[13:12] {fernp} .50 break short
[13:12] {fernp} stop above .60
[13:12] {Threei} 50/50 play
[13:12] {Threei} can work, can fail, roll a dice
[13:12] {fernp} already in
[13:12] {nemo} market going higher
[13:13] {fernp} out here
[13:13] {Threei} good roll then
[13:13] {fernp} :-)
[13:14] {fernp} easier for me to see these plays than your RIMM or X calls :-)
[13:16] {Threei} very slow day
[13:16] {Threei} no rythm
[13:19] {ese} am outta here all see ya tomorrow
[13:20] {Threei} take care ese
[13:20] {Les} ciao
[13:20] {fernp} bye ese
[13:25] {Threei} (US) Fed's Fisher: Monetizing debt would be bad for the economy; Fed should be independent
[13:25] {Threei} - Fed must evaluate unwinding policy
[13:25] {Threei} - Recent Fed policy has helped to revive private credit flow and borrowing; economy is 'slowly clawing' its way back but there are still many roadblocks
[13:26] {Threei} UAUA at it again
[13:27] {Threei} (GR) France and Germany are cooperating on Greece rescue plan - WSJ
[13:27] {Threei} sigh
[13:28] {nemo} market should take off on that
[13:30] {Threei} I guess I am too careful today
[13:34] {strider} .
[13:36] {lasertrev} strider dcc
[13:36] {nemo} nothing giving up their trend lines
[13:37] {Threei} in case anyone cares:
[13:37] {Threei} (VN) Vietnam central bank sets a new reference rate of 18,544 VND/USD; adjusted from 17,941 VND/USD
[13:50] {Threei} once again, same question
[13:51] {Threei} are we reversing here?
[13:51] {nemo} no
[13:52] {nemo} indices come back to the 50 period area an continue
[13:54] {Threei} I want to short FITB
[13:54] {nemo} fas is showing weakness
[13:55] {Threei} MNTA
[13:55] {Threei} Momenta Pharmaceuticals Inc Hearing Rodman & Renshaw positive note being circulated (timing uncertain); reiterates call from Feb 5 Rodman note
[13:55] {Threei} - Rodman expects FDA will soon grant approval for M-Enox and believe the stock could "jump to the $20's" on the approval.
[13:55] {Threei} - note: MNTA is scheduled to report earnings tomorrow before the US open.
[13:55] {Threei} Short Setup: FITB .80 break if stays below .85
[13:56] {Threei} there... 5 cents risk, it doesn't get any safer that that
[13:58] {Threei} gnslng, welcome back
[13:59] {gnslng} ty
[13:59] {Threei} sheesh, I foergot how hard it it to type your nick... couldn't you insert a single vowel in it?
[14:00] {gnslng} i thought I would have the opportunity to change it,, which I would like to
[14:00] {Threei} Wednesday, February 10, 2010 2:00:14 PM
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 560M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.
[14:00] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; decliners lead advancers by 1.2:1.
[14:00] {Threei} - VIX index -4.5% to just under 25.00
[14:00] {Threei} just e-mail admin, he'll take care of it
[14:00] {nemo} aig
[14:02] {Threei} Fed's Fisher: Funds rate target is becoming less effective - Q&A
[14:02] {Threei} uh oh
[14:04] {Threei} - Fed will definately make use of power to offer interest on reserves.
[14:04] {Threei} - Can also sell assets, use term deposits and do reverse repurchase deals
[14:13] {Threei} US) Fed's Fisher: USD will remain world's reserve currency
[14:13] {nemo} this might be the start, if the indices fail at resistance on the 50 ma
[14:14] {Threei} it's time
[14:15] {larisa} told you.. better make snowman
[14:16] {Threei} three problems with that
[14:16] {Les} yeh maybe you could send voice mail next time we have this vad
[14:16] {Threei} a) I am not interested in snowmen, only on snowgirls
[14:16] {Threei} b) there is no snow here
[14:16] {Threei} c) my sluptoring talents are, ummm
[14:16] {Threei} sculpturing
[14:17] {strider} Besides, a snowman requires an extra carrot.
[14:17] {Threei} not much better than my typing
[14:17] {larisa} then your only choice is to watch this market :)
[14:17] {Threei} (IA) IAEA: Iran mentions it will begin production of higher enriched uranium shortly after preparations complete (related GLD XAU/USD USO )
[14:22] {Threei} as if we haven;t heard from Greece today,
[14:22] {Threei} GR) Greece Fin Min: confirmed EU ministers discussed Greece and Juncker will present the common lead at the EU summit
[14:22] {Threei} fiiiinally
[14:22] {fernp} ty
[14:22] {Threei} FITB 1:1 for extreme hard core scaslpers
[14:23] {Threei} Les, that's your type I scalp
[14:23] {Les} ty vad, but I want more
[14:23] {Threei} no problemn, me too
[14:24] {Threei} just wanted to illustrate the point we discussed earlier
[14:24] {Les} understood
[14:24] {Threei} how type I is done - thick slow stock, hugeliquidity, big shares, smallish move
[14:25] {Les} half out. watching 200 ma as potential reversal point at .69
[14:26] {Threei} thank you Les, my retirement is one step closer
[14:26] {Les} you call this a job?
[14:26] {Les} aren't you retired already?
[14:27] {Threei} I have to wake uop when market opens, not when I feel like it, ain't I?
[14:27] {Les} no, but we are always appreciative of your presence :)
[14:28] {Threei} yeah yeah
[14:28] {Threei} that's why nemo greets me each morning with "oh no, not again... opps, err, good morning"
[14:29] {nemo} now, you're making things up
[14:29] {nemo} that's what I think when les logs in
[14:29] {Threei} of course I do... that's how I underatnd fun
[14:29] {Threei} granted, poor understanding
[14:29] {Threei} but what can I do, my sense of humor got frozen at 14 years old level
[14:30] {Threei} people drop in cake face first, I am laughing... cake happens to lie in the puddle, I am hysterical
[14:31] {Les} I can see why you had to Ukraine mafia Vad. Perhaps not most compatible personality type
[14:31] {Threei} yes, that must be it
[14:31] {Les} had to flee Ukrainian mafia
[14:32] {Threei} what the deuce with AIG today
[14:32] {Les} all out .71 fitb
[14:32] {Threei} half out .70 here
[14:33] {Threei} bidding second half .64
[14:33] {Les} crap
[14:33] {Threei} stop b/e
[14:37] {Les} bye bye ntgr
[14:38] {Threei} excuse me:
[14:38] {Threei} TCY.UK Certain 3i Group units considering sale of some ownership in Telecity
[14:38] {Threei} hmmm
[14:38] {Les} out ntgr +.20
[14:38] {Threei} wtg
[14:38] {Threei} things clear up Les, eh?
[14:39] {Les} I broke some of your rules on ntgr
[14:39] {Les} got stopped out on the squeeze with strider this morning
[14:40] {nemo} aig bolted again
[14:40] {Les} didn't take the stop second time after shorting at 11:10
[14:41] {Les} too me it was a weak SOB and I waited for it to come back to me
[14:41] {Les} not a regular trade of mine but did it on this occasion
[14:41] {Threei} I would slap you with frozen trout but I am currently very busy with this:
[14:41] {Threei} 3i group also exploring bidding for some assets being sold by the UK Govt in efforts to trim debt
[14:45] {Threei} here her fitty... 1 cent more
[14:46] {Threei} (US) Treasury Sec Geithner: Access to credit is improving
[14:46] {Threei} whose? geithner's?
[14:46] {Threei} (GR) Spain PM Zapatero: Eurozone most assist Greece
[14:46] {Threei} yeah yeah
[14:47] {Les} ntgr
[14:48] {Les} wrong screen
[14:52] {Threei} (US) Treasury Sec Geithner: Access to credit is improving, cost of loans has fallen sharply, plenty of work remains to be done
[14:52] {Threei} - If Congress passes Obama Administration bank fee plan, ultimate cost of bailouts will be zero
[14:52] {nemo} yeah, right
[14:52] {Threei} how's that?
[14:52] {Threei} what about GM?
[14:52] {Threei} Chrysler?
[14:53] {Threei} GOOG Iranian govt announces it will shut down g-mail, plan to initiate national e-mail service - WSJ
[14:57] {dino} fnm, fre
[14:58] {Threei} nop way
[14:58] {Threei} not that crap
[14:59] {dino} no, i was saying zero cost is bs, fnm, fre are hundrerds of billions
[14:59] {Threei} oh
[14:59] {Threei} whew
[14:59] {Threei} I thought you suggest to look at the stocks
06[15:00] * nemo slaps dino around a bit with a large trout
[15:00] {Threei} prepared to call nearest institution to ask them to check up on you
[15:00] {dino} lol
[15:01] {larisa} nearest to dino or you? :)
[15:02] {nemo} Three Mile Island
[15:02] {Threei} to me of course Larisa, it's snowing where he is
[15:02] {nemo} actually raining near boston
[15:04] {Threei} AOL Announces integration of instant messenger with Facebook Chat (related EBAY GOOG )
[15:18] {fernp} SLE ending on highs
[15:20] {Threei} so far, not very active but profitable day
[15:20] {Threei} in a big sceme of things, flat day with decreasing volume
[15:22] {Threei} staying ratjer close to yesterday's lows
[15:22] {Threei} indicates mostly indecisiveness with sliiiight negative bias
[15:29] {Threei} am I the last one not to fall asleep?
[15:30] {billyc} thanks for the calls i had a good day see you in the am
[15:30] {Threei} take care billy :)
[15:40] {Threei} Market Internals update at 3:30pmET
[15:40] {Threei} - NYSE volume 725M shares, about 10% below its three-month average; decliners lead advancers by 1.2:1.
[15:40] {Threei} - NASDAQ volume 1.67B shares, about 4% below its three-month average; decliners lead advancers by 1.1:1.
[15:40] {Threei} - VIX index -3.25% to just over 25.00
[15:43] {nemo} aig is back in play
[15:43] {strider} The wind got my cable connection here.
[15:43] {strider} Using DSL backup :)
[15:43] {Threei} wow really?
[15:43] {strider} yep
[15:44] {Les} that's being prepared
[15:44] {strider} I've had more trouble with cable than you'd ever have the patience to listen to.
[15:45] {strider} Of course they're both above ground lines, so the DSL could go too.
[15:45] {Les} I remember blackouts in Australia. But here everything is buried. Can't remember the last time I had power failure or lost connection
[15:46] {strider} Come to the USA.....we're still in the 19th century.....but.....
[15:46] {strider} we have guns!
[15:46] {nemo} I was just going to say that
[15:46] {Les} you'd be surprised how well armed swiss citizens are
[15:46] {strider} So, when cable goes out.......nemo can shoot the tv.
[15:46] {strider} No, I wouldn't.....I know about the swiss.
[15:47] {larisa} he has postal worker list :)
[15:47] {strider} But I also know that you can't carry them with you, on a daily basis.
[15:47] {nemo} Yeah, you're part of the militia
[15:47] {strider} They have to stay in the closet.
[15:47] {nemo} kinda' like you les
[15:47] {Les} don't ask, don't tell
[15:47] {nemo} hehehehe
[15:47] {larisa} lol
[15:48] {Threei} lol
[15:48] {larisa} les how old are you?
[15:48] {Les} oooooooooooh
[15:48] {Les} now we're getting personal
[15:48] {larisa} we are
[15:48] {Les} 35
06[15:48] * nemo slaps Les around a bit with a large trout
[15:48] {strider} he's an infant.
[15:48] {Les} no I'm not
[15:48] {larisa} I thought 25
[15:48] {Les} you are old
[15:49] {strider} but then, so are you, larisa.
[15:49] {nemo} mentally?
[15:49] {strider} not larisa.
[15:49] {Threei} that's nothing Les... dptl once asked me about size of my monitor - THAT was personal
[15:49] {strider} maybe les.
[15:49] {Les} lol
[15:49] {strider} your lizard?
[15:49] {nemo} he uses a magnifying screen too
[15:49] {Les} monitor translates differently in ukrainian?
[15:51] {Threei} no... I just interpret things in their most gutter-bound meaning
[15:51] {nemo} consistent about it though
[15:52] {Les} oh you must be the life of the party in the Bahamas hey!
[15:52] {Threei} well, just ask those who attended the boat about the Russian way to drink Bahama-mama
[15:53] {larisa} not all Russians are like that
[15:53] {Les} that cocktail of liquor you were drinking would make me vomit
[15:53] {nemo} frickin' sheila
[15:53] {Threei} I wasn't drinking cocktail
[15:53] {Les} you russian Larisa?
[15:53] {Threei} I was drinking rum
[15:53] {Threei} cocktail I used to wash rum down with
[15:53] {nemo} bears defecate in the woods les?
[15:54] {larisa} I am, and I do not drink
[15:54] {nemo} now that's an oxymoron
06[15:54] * larisa slaps nemo around a bit with a large trout
[15:54] {Les} ah so you are that intelligent charming trader Vad was referring to in MPP
[15:54] {strider} nno, nemo. You're an oxy moron.
[15:55] {larisa} no les. I am bot charming or that other word
[15:55] {nemo} strider...that sucked
[15:55] {Les} don't think he said charming. I just made that up
[15:55] {larisa} bot=not
[15:55] {strider} You leave that darling russian girl alone.
[15:55] {nemo} bot=bought=shopping=woman=Larisa
[15:55] {larisa} ty strider
[15:56] {Threei} asylum
[15:56] {Les} that's what the casual readers will think
[15:56] {nemo} rather accurately
[15:56] {Les} you won't see a new client in years at this rate
[15:56] {Threei} closer to rtetirement then
[15:57] {strider} He'll get all the russian women, though. Which is his goal.
[15:57] {Threei} The euro cannot survive if the national interests of EU countries are to prevail, says Simon Heffer
[15:58] {Les} they should of thought of that before introducing euro then
[15:58] {dino} gn all, have o shovel
[15:58] {strider} All for one, and one
[15:58] {dino} to
[15:59] {Threei} thank you sll
[15:59] {larisa} we have 8 inches too dino. if it makes you feel better :)
[15:59] {Threei} all
[15:59] {Threei} have a good evening, see you later
[15:59] {larisa} bye all :)
[15:59] {strider} :)
[15:59] {Les} ciao
[15:59] {fernp} Good evening everybody. see u all tomorrow
[16:00] {nemo} ahhh...the one sane gentleman in the bunch
[16:00] {larisa} vad, do not forget to clean out this part of log :)
[16:00] {nemo} what...the last 2 hours?
[16:01] {strider} Just clean out Massachussetts, and the problem will be solved.
[16:01] {larisa} lol
[16:01] {nemo} come and get me :)
[16:01] {Threei} hmm
[16:01] {Threei} which part?
[16:01] {strider} I'll send my 'people'.
[16:01] {strider} I have 'people' you know.
[16:01] {nemo} Doesn't everybody
[16:02] {Raven} unbelievable
[16:02] {nemo} frickin' mynah
[16:02] {Threei} lol
[16:02] {larisa} 15:45 and later. delete that
[16:02] {Raven} goddamn zoo
[16:02] {strider} Boston accent.
[16:02] {strider} minah.
[16:02] {Threei} why... it's psrt of our charm, Larisa
[16:02] {Raven} myna
[16:02] {nemo} bird dude
[16:02] {larisa} it is not professional silly
[16:03] {Threei} let me see if I care
[16:03] {Threei} nope... I don't
[16:08] {Threei} PRU Reports Q4 $1.07 v $1.11e, R$6.79B v $6.9Be
[16:08] {Threei} not good
[16:08] {Threei} HIG
[16:09] {Threei} maybe a follower to PRU
[16:09] {nemo} holding so far
[16:12] {nemo} much ado about nothing much
[16:13] {nemo} bad sell, that guy at 22.94 those 50k shares of HIG
[16:13] {nemo} Vad
[16:14] {Threei} hmm?
[16:14] {nemo} just kidding
[16:15] {nemo} insurance companies should be interesting tomorrow
[16:15] {Threei} MET sold down a bit too

Tuesday, February 9, 2010

Feb 09 2010

One regret of today is a missed long UAUA trade - stock never gave pullback, and we didn't want to chase. Other than that things worked fine - couple stops didn't spoil the day with wins on VXX, X, TM etc.

Session Time: Tue Feb 09 00:00:00 2010

[07:58] {Threei} (RU) Russia Army Chief of Staff: Believes US missile defenses are directed at Russia (not Iran) (related EUR/RUB USD/RUB RSX )
[08:00] {Threei} February 08, 2010 11:20:25 PM
[08:00] {Threei} Toyota Motor Corp Confirms filing of recall of Prius cars in Japan due to braking system; To recall 223K units in Japan, including 200K Prius models
[08:00] {Threei} - The recall relates to 4 models (Prius, Sai, Lexus HS250h and Prius Plug-in Hybrid)
[08:00] {Threei} - The recall will begin on Feb 10.
[08:00] {Threei} - To recall about 150K of 2010 Prius, other hybrids in North America.
[08:00] {Threei} - Confirms that it will suspend sales of the Sai and Lexus HS250h models by late Feb/early March until a fix is ready.
[08:00] {Threei} **Note: On yesterday's session, it was reported that Toyota would recall at least 300K Prius vehicles around the world.
[08:19] {strider} Laser connection lost. Anybody else?
[08:19] {Threei} fine here
[08:20] {nemo} sure it's not a psychological break from reality strider?
[08:26] {Threei} (EU) France Fin Min Lagarde: confident that Greece will achieve its fiscal plan
[08:26] {Threei} - Notes EU exporters can only be pleased with the recent strength of the USD (related EUR/USD EUR/GBP BUNDS SOVRX NBG )
[08:33] {Threei} SQNM Licenses Worldwide Rights to Develop Age-Related Macular Degeneration Diagnostic Test
[08:33] {Threei} Aastrom Biosciences, Inc Announces one-for-eight stock split
[08:33] {Threei} - board of directors has approved a one-for-eight reverse stock split of the company's common stock effective on February 18, 2010.
[08:33] {Threei} ASTM
[08:41] {Threei} ESLR CEO: In a good position to begin shipping products this summer from plant in China - conf call comments (related TAN )
[08:41] {Threei} heh
[08:41] {nemo} eslr
[08:41] {nemo} oh boy
[08:42] {nemo} yipee
[08:42] {Threei} wasn't ESLR promoted as one of few companies keeping production base in USA
[08:42] {nemo} yeah, plants here in MA. Tax breaks...yada yada yada
[08:44] {Threei} I assume TM is happy becauswe thwe size of new recalls in 6 figures, not in 7 anymore
[08:44] {Threei} so when it runs out of cars to recall, it'll shoot up to above 100
[08:58] {fernp} Good morning eberybody
[09:00] {Threei} fern :)
[09:01] {nemo} fern :)
[09:04] {Threei} OSIS OSI Systems Advanced Body Scanners to Be Deployed at Heathrow and Manchester International Airports in the United Kingdom (update)
[09:05] {Threei} which reminds me... ICXR
[09:05] {Threei} ICXT
[09:05] {Threei} look at daily
[09:05] {Threei} retreated back into solid support
[09:05] {Threei} volume all but disappeared
[09:06] {nemo} yeah, but that's a Dino volume stock
[09:06] {Threei} it's not a buy per se,
[09:07] {Threei} it's something to keep in kind for the next scare
[09:07] {Threei} being near support and being a runner on those alerts, it's a good trading candidate
[09:08] {Threei} alternatively, if nothing happens oin the news and it continues doing nothing, watch for BBs to contract
[09:08] {Threei} as of now, they are too wide, not a time for a stock to do something meaniongful
[09:11] {Threei} (IT) Reportedly an Italian official says embassy in Tehran, Iran has been "attacked" - Italian press
[09:11] {Threei} EU) EU's Almunia: Greece is a concern for the entire Euro area
[09:11] {Threei} you don't say
[09:11] {ese} good morning
[09:11] {Threei} ese :)
[09:11] {ese} hey vad
[09:12] {nemo} Iran's attacking the guineas...oh jeez
[09:12] {Les} enough of those storm clouds Vad. Let's hear something nice
[09:12] {Les} GM
[09:12] {Threei} any betting men here? I want to suggest a bet that within 10 years we won't have Euro anymore
[09:12] {nemo} O.K. name this tune...
[09:12] {Threei} Les :)
[09:12] {nemo} "Always look on the briiiiiighhhht side of life...da doo da dooo"
[09:13] {Les} Alanis Morriset?
[09:13] {Les} :D
06[09:13] * nemo slaps Les around a bit with a large copy of Monty Python's
[09:13] {nemo} ...Life of Brian
[09:13] {Les} duh
[09:14] {nemo} in you know...or how could you be so....
[09:14] {Les} lol
[09:14] {Les} one of my earliest recollections of any film - LIfe of Brian. I can remember quite a few lines as well
[09:15] {nemo} Are you the Judean's Peoples Front?
[09:16] {larisa} gm
[09:16] {nemo} hi lari
[09:17] {larisa} nemo, vad :)
[09:17] {Threei} larisa :)
[09:17] {Les} no, the Judean popular peoples front
[09:17] {Les} hi larisa
[09:17] {larisa} les :)
[09:18] {Les} so off all that important sounding news that was released this morning vad, what are you following?
[09:19] {Threei} news wise, things are very slow this morning
[09:19] {dino} gm all
[09:19] {Threei} so usual suspects only
[09:19] {Threei} dino :)
[09:22] {strider} morning everyone.:)
[09:23] {Threei} strider :)
[09:25] {Les} hey strider, dino
[09:26] {strider} les, eye of three....
[09:26] {Les} TCK shows decent results. with baltic falling I'd be interested to follow for distribution
[09:27] {lasertrev} morning
[09:27] {strider} morning trev....dcc please
[09:29] {Threei} trev :)
[09:30] {billyc} gm everyone
[09:30] {Threei} billy :)
[09:30] {Les} hi billy
[09:30] {fernp} hello billy
[09:34] {strider} .
[09:35] {Threei} Long Setup: TM .60 half lot
[09:35] {Threei} srop under .40
[09:38] {Threei} keep an eye on UAUA for long entry on pullback
[09:38] {Les} aa
[09:40] {Threei} TM is ready
[09:40] {Les} l AA .41
[09:41] {Threei} UAUA just won't pull back
[09:42] {nemo} rimm
[09:42] {nemo} wow
[09:42] {Threei} no kidding
[09:42] {Threei} wow is right
[09:43] {Threei} I guess MSFT is not buying them after all
[09:43] {Les} rumour about microsoft has been refuted?
[09:43] {Threei} CBAK Guides FY10 R$270M v $241Me - slide presentation
[09:45] {Threei} (US) White House Econ Adviser Summers: Stimulus has already helped the US economic recovery; comments that "we still have a long way to go- CNBC
[09:46] {Threei} but of course
[09:46] {Threei} TM 1:1
[09:48] {Threei} COIN Discloses Home Depot has re-ordered products for 2010
[09:49] {Les} took it at .75 ty. lot of big offers at .79/.80 (a bird in the hand...)
[09:50] {nemo} frickin' can't get the 1:1 on TM
[09:51] {Les} aa b/d
[09:52] {Threei} nemo?
[09:52] {nemo} phewww
[09:52] {nemo} just got it
[09:52] {nemo} didn't get it on the first pass
[09:52] {Threei} ok
[09:52] {nemo} where stop, b/e?
[09:52] {Threei} sometimes, especially with volatile ones there is no need to be that literal
[09:52] {Threei} they tend to trade in "zones" rather than exact numbers
[09:53] {Threei} so why not sacrifice a cent or two
[09:53] {Threei} tes
[09:53] {Threei} yes
[09:53] {nemo} greed
[09:53] {Threei} stop for the balance to under b/e
[09:53] {nemo} actually, got very nice support at .75 now
[09:53] {Threei} way too close to this stock
[09:54] {Threei} easy to get shaken out
[09:55] {Threei} UAUA is irritating
[09:56] {Threei} trail TM under .70 now
[09:56] {Threei} almost 1:2
[09:56] {Threei} feel free to exit as you see fit
[09:57] {nemo} see if I can get .98
[09:59] {fernp} T breakdown, Vad?
[09:59] {Threei} if you are OK with a very slow trade
[10:00] {Threei} (US) Feb IBD/TIPP Economic Optimism: 46.8 v 48.8 prior
[10:00] {Threei} US) DEC WHOLESALE INVENTORIES: 0.8% V 0.5%E
[10:01] {Les} wfc weak
[10:01] {nemo} out .98 ty
[10:02] {nemo} 75 break could be a new long looking at volume there
[10:02] {nemo} xcuse me...offers
[10:03] {Threei} ugh
[10:03] {Threei} was watching VXX .35 trigger
[10:03] {Threei} and hesitated
[10:05] {Threei} let's see if we can get it on pullback
[10:06] {nemo} tm broke 75 this coul be serious today
[10:08] {Threei} UAUA knows no limits today
[10:09] {nemo} why they
[10:09] {Les} JAL decided to remain with them. didn't think it that joyous a piece of news
[10:09] {Threei} just load factor yesterday...
[10:09] {Threei} npot bad but nothing of such significance
[10:12] {Les} l TM .11 small shares
[10:12] {Les} daytrade
[10:13] {Threei} Long Setup: AET .15 if stays above .10
[10:13] {Threei} semiaggressive entrey for .20 break
[10:14] {Threei} invalidated
[10:17] {Les} aa .45 b/o?
[10:17] {Les} of .50 hod?
[10:17] {Threei} probably
[10:18] {Threei} X eploded, AA follows
[10:19] {dino} snda sm l .80
[10:20] {dino} jst sm l .80
[10:20] {Threei} (EU) EU bailout a possibilty but not a certainty
[10:20] {Les} what?
[10:21] {Threei} shrug
[10:21] {Les} what happened to absolutely not!
[10:21] {Threei} details to follow
[10:21] {Les} friggin politicians
[10:21] {Threei} X
[10:21] {Threei} pullback on decreasing volume
[10:21] {fernp} FITB, Vad?
[10:22] {Threei} 46 is closest support
[10:22] {Threei} way too narrow for this market fern
[10:22] {fernp} ok
[10:23] {Threei} (GR) Fitch: EU bailout a possibility but not a certainty; the probability of a bailout is not high enough to warrant a change in ratings
[10:23] {Threei} Long Setup: X .10 break
[10:23] {Threei} half lot
[10:24] {Threei} stop is painfully obvious
[10:24] {Les} out TM +.30
[10:24] {Threei} wtg
[10:25] {dino} gj
[10:26] {Threei} no go X
[10:27] {Threei} 2 cents shy of 1:1
[10:27] {Les} market dunno what it wants to do this morning
[10:27] {Threei} often happens after big gap
[10:29] {Les} ok
[10:30] {nemo} TM likely to keep going
[10:30] {Threei} unless it starts recalling corollas from 1985
[10:30] {fernp} lol
[10:31] {nemo} hehehe
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 220M shares, about 11% below its three-month average; advancers lead decliners by 6.5:1.
[10:31] {Threei} - NASDAQ volume 465M shares, about 8% below its three-month average; advancers lead decliners by 3.2:1.
[10:31] {Threei} - VIX index -3.5% to just over 25.50
[10:34] {strider} AA breakdown
[10:34] {strider} ?
[10:34] {Threei} ECB drains 270.6B in fine tuning operation
[10:34] {Threei} AA is hardly tradeable here unless you are doing huge shares for a few cents
[10:35] {dino} snda stopped
[10:35] {Threei} Long Setup: VXX .22 break
[10:35] {Threei} .10 support
[10:36] {dino} guess who's on tv
[10:36] {Threei} uhhu
[10:36] {dino} and down we go
[10:36] {nemo} damn
[10:36] {Les} Laura Linney
[10:36] {Threei} Short Setup: X half lot .85
[10:36] {Threei} if syas under 46
[10:38] {dino} rino sm l .00
[10:39] {Threei} VXX 1:1
[10:39] {Les} ty
[10:40] {Threei} 1:2
[10:40] {Threei} out
[10:41] {dino} sm thin, l .83 thff
[10:41] {Threei} see why I am not jazzed about AA?
[10:41] {Threei} how do you prtofit from that unless you plkay 10K shares for 5 cents
[10:42] {Threei} and on related note, how do you type like that unless you use your elbows
[10:42] {Les} yeh I've been screwed on it once play type 2 today. but don't like X either
[10:42] {Threei} X somewhat on discretionary side since it violated resistance by couple cents
[10:43] {Threei} but who took it, feel free to cover
[10:43] {dino} i shorted it
[10:43] {Threei} double bottom is a threat here
[10:43] {nemo} yeah, but never broke downtren
[10:43] {Threei} why do I always undestimate VXX potential
[10:43] {nemo} your a scalper
[10:44] {Les} it is a powerful mover
[10:44] {Threei} Hearing Credit Suisse making cautious comments on solar sector; citing prospects for better solar incentives outcome in Germany (timing uncertain)
[10:44] {Threei} - cite German reports that tariffs adopted by Germany may be less impactful than the original removal of 15% incentives scheduled from April 1; expecting now to take place in June
[10:44] {strider} TM broke
[10:44] {dino} cov x .55, +.30 ty 3i
[10:44] {Threei} welcome sir
[10:45] {Threei} look at VXX
[10:45] {Threei} and I do have this "it's just a bounce" feeling
[10:45] {Threei} someone needs to send me about 50 pounds of patience
[10:46] {nemo} stop drinking coffeee
[10:46] {Les} just a bounce in vxx or the market?
[10:46] {Threei} no, market
[10:46] {Threei} which means VXX is a long play according to this conviction
[10:46] {Les} cool
[10:47] {Threei} ok, so far so good
[10:47] {Threei} we milked TM, VXX,
[10:47] {Threei} took a stop on X long, compensated it by X short
[10:47] {Threei} but that missed UAUA leaves a gap in my wounded soul
[10:48] {larisa} how do you play VXX? I looked at its formula, it is scary :) you simplify it and connect to VIX?
[10:48] {Threei} ashes of missed trade knock in my heart
[10:48] {Les} no that'd be the vodka
[10:48] {Threei} I simplify it even more Larisa
[10:48] {Threei} I treat it as opposite to the general market
[10:48] {Les} we long vxx .82
[10:48] {Les} ?
[10:49] {larisa} thats huge simplfying :)
[10:49] {nemo} l rimm .40
[10:49] {Threei} it is if we talk about formula
[10:49] {Threei} but from lractical standpoint, compare charts
[10:49] {Threei} no Les
[10:49] {dino} les is more in this market larisa, imo
[10:49] {dino} bi-polar
[10:49] {Threei} we want market bounce and accordingly VXX pullback
[10:51] {larisa} I want to be simple guy like vad :)
[10:51] {Threei} it's easy
[10:52] {Threei} well... becoming a guy may not be that easy in your particular case
[10:52] {nemo} 1/2 out rimm
[10:52] {nemo} stop to .40
[10:53] {Threei} (US) Fed Chair Bernanke's testimony to the House Panel is postponed due to weather
[10:53] {Threei} video conferencing folks - ever heard of internet?
[10:53] {Les} Could we stop with the Les jokes please. I just spent 10 minutes decrypting dino's joke
[10:54] {larisa} lol
[10:54] {Threei} ask Al Gore for help - he will explain you both, climate change and internet
[10:54] {Threei} lol Les
[10:54] {strider} why, did he invent climate change?
[10:54] {Threei} he sure did
[10:55] {strider} you may be right.
[10:55] {Threei} 5-10 cents more VXX,
[10:55] {Threei} and should be ready
[10:55] {Threei} he also invented truth and inconvenience, strider
[10:55] {Threei} he is very proilific inventor
[10:56] {strider} you looking for long on pullback, VXX?
[10:56] {Threei} yes
[10:56] {Threei} I want something like .45
[10:56] {dino} not a joke really les, typo, should have been less
[10:56] {dino} just agreeing w/vad
[10:56] {larisa} why? you should agree with me :)
[10:57] {dino} always
[10:57] {larisa} ty
[10:57] {dino} fsys strong
[10:57] {Les} all in good humour dino :)
[10:57] {Les} just don't bloody do it again
[10:58] {dino} :)
[10:59] {nemo} stopped rimm
[10:59] {Les} right. market at 200 ma
[10:59] {Threei} .60 was it VXX
[10:59] {Les} lets see a bounce here
[10:59] {strider} TM bounce?
[11:00] {Threei} off .40 - .50 I'd feel much better about it
[11:01] {larisa} HIG beats and sells like that?
[11:01] {larisa} oh they warned
[11:02] {dino} rino stopped
[11:02] {Threei} yeah guidance is questionable
[11:03] {Les} hig bounce here?
[11:03] {Threei} I doubt it
[11:05] {Threei} (IT) Italy Economic Development Min Scajola: not considering providing incentives for car makers (related F.IT EWI )
[11:08] {Les} HIG 22 b/d
[11:09] {Threei} TM
[11:09] {Threei} long red candle
[11:10] {Threei} will be ready for bounce very soon
[11:10] {nemo} .24
[11:11] {Threei} .50 break, half lot
[11:13] {dino} fsys gives all back
[11:13] {Threei} invalidated TM
[11:14] {nemo} bounced at .25
[11:14] {nemo} I was wrong
06[11:14] * nemo {===jerk
[11:15] {strider} HIG
[11:15] {Les} hig waiting for order to jump from market
[11:15] {larisa} it is trying to break downtrend
[11:16] {Threei} Pennslyvannia governor's office issues press release on tax proposals: plans to "join the ranks of states that tax natural gas extraction and tobacco products" (related MO RAI )
[11:17] {dino} fsys sm l .33
[11:19] {dino} frickin' pa
[11:19] {nemo} they all rationalize that "everybody else is doing it"
[11:19] {dino} going to slow down the development of it
[11:22] {dino} stopped fsys, i pretty much suck today. taking break
[11:23] {nemo} well, we'll move you to 9th in the batting order
[11:23] {dino} lol
[11:23] {dino} bench me coach
[11:23] {nemo} nah
[11:23] {nemo} gotta' work your way out of it
[11:23] {ese} .
[11:24] {nemo} Did we give up when the Germans bombed Pearl Harbor
[11:24] {Les} contradiction Nemo
[11:24] {dino} heck no
[11:24] {nemo} what Les
[11:24] {Les} Germans bombed pearl harbour`?
[11:24] {nemo} methinks thou art about to exhibit ignorance
[11:24] {nemo} yep...
[11:24] {magoo} did general custard yell retreat???
[11:24] {nemo} You obviously did not see the movie "Animal House"
[11:25] {nemo} no culture Les
[11:25] {Les} not the one after fish called wanda?
[11:26] {nemo}
06[11:26] * nemo slaps Les around a bit with a large trout
[11:27] {nemo} frickin' Phillistine
[11:28] {Les} ah that teenage male puke sort of movie. Ok I haven't seen it.
[11:28] {nemo} right up your alley...I can tell
[11:32] {Threei} TM
[11:32] {Threei} .50 break half lot
[11:32] {Threei} if stays above .35
[11:33] {Threei} not a scalp
[11:34] {nemo} partial?
[11:34] {Threei} yeah
[11:36] {Threei} stop to under .45
[11:36] {Threei} no idea what caused this market spike
[11:37] {Threei} let's protect the play tightly here
[11:38] {nemo} 1/2 out .66
[11:38] {Threei} half out
[11:38] {Threei} held by the fingertips eh
[11:39] {Threei} precision is amazing
[11:39] {nemo} yeah, hair gray already
[11:39] {Les} *whispers* papa Nemo
[11:40] {nemo} out
[11:40] {nemo} .71
[11:40] {Threei} les.. careful I suspect he sold only to free his hands to deal with you
[11:40] {nemo} I'm more like the gray legions type
[11:40] {nemo} actually those two shooting stars at resistance
[11:41] {nemo} ty Vad
[11:41] {Threei} TM doesn't care about shooting stars, hanging men or ichimoku clouds
[11:41] {Threei} 1:2
[11:41] {Threei} I am out
[11:41] {Threei} welcome
[11:41] {nemo} you got .04 more than me!
[11:42] {Threei} (GR) EU has reportedly agreed in principle to assist Greece- unconfirmed report
[11:42] {dino} that fsys is one screwed up stock
[11:42] {nemo} what, send them crowbars?
[11:42] {Threei} that should kill Euro, prop greenbuck and kill the market
[11:42] {Threei} BSDM Reports Initiation of a Phase III Study on Pancreatic Cancer Using the BSD-2000 Hyperthermia System in Combination with Chemotherapy
[11:42] {dino} no that should help the euro, hurt dollar
[11:43] {Les} now. debt being monetized now in europe if this is the case
[11:43] {larisa} yes, dino, put FSYS on my screen after you mentioned it couple weeks ago, then just wiped it off :)
[11:43] {Les} no, not now.
[11:43] {nemo} amazing, market way up but feels like a down day
[11:43] {Les} Italy is looking cheaper for next summer
[11:44] {dino} i may do the same larisa
[11:44] {Threei} gap nemo...
[11:44] {nemo} Visit my relatives in Palermo, I'll let them know your coming...special welcome
[11:44] {Threei} on intraday basis it went down
[11:44] {nemo} yeah Vad
[11:45] {Threei} (GR) EU's Rehn: EU can support Greece "in the broad sense of the word," Greece needs to take "necessary measures" to get aid - interview
[11:45] {Threei} - Expects "discussions and decisions" over next few days
[11:45] {nemo} rimm looking real weak
[11:45] {fernp} you see any news, Vad? QQQQ and SPY hod
[11:46] {Threei} no, other than all this noise coming from EU
[11:50] {Threei} there are conflicting streams of thoughts
[11:50] {Threei} one is:
[11:51] {Threei} this is another bailout diluting Euro, thgus propping USD
[11:51] {nemo} It's the US telling them to do it so we can have another QE
[11:51] {Threei} another is: without it Euro itself is on the verge of dissolution, so this will help Euro
[11:52] {Threei} make your pick... :)
[11:52] {Threei} in my very humble opinion in which I believe firmly, Euro is toast in any case
[11:53] {nemo} outa' curiosity what are the CNBC boneheads saying about today
[11:53] {Threei} [09:12] {Threei} any betting men here? I want to suggest a bet that within 10 years we won't have Euro anymore
[11:53] {larisa} will we have dollar?
[11:53] {nemo} yes
[11:53] {Threei} yes
[11:54] {larisa} nah :) yuan all the way
[11:54] {Threei} we will also have mongol tougrick... buit for whole other reason
[11:55] {nemo} rimm at trend line
[11:56] {nemo} amzn DT
[11:56] {dino} dollar for long time, euro toast in 5 years
[11:56] {nemo} all dead in 2012
[11:56] {dino} good point
[11:56] {nemo} 21st December
[11:57] {nemo} 8:04 pm
[11:57] {nemo} eastern standard time
[11:57] {Threei} 5 maybe a bit roo soon... but 10 is safe bet
[11:58] {Les} or Europe could finally come together to create harmonious workers paradise where interest rates are communally decided and credit is shared between all
[11:59] {Les} was thinking of this video from last australian election:
[11:59] {Threei} I am about to cry
[12:00] {nemo} get a grip
[12:00] {nemo} opposable thumb thing
[12:03] {nemo}
[12:03] {Threei} Market Internals update at 12:00pmET
[12:03] {Threei} - NYSE volume 490M shares, about 12% above its three-month average; advancers lead decliners by 4.9:1.
[12:03] {Threei} - NASDAQ volume 990M shares, about 6% above its three-month average; advancers lead decliners by 2.2:1.
[12:03] {Threei} - VIX index -3% to just over 25.50
[12:03] {nemo} tm
[12:07] {Les} future murderers if ever I saw such a mug shot Nemo. Lock em up
[12:07] {nemo} Yeah...what was that movie...oh yeah...Minority Report
[12:08] {Threei} nice call on HIG reversal
[12:09] {Threei} [11:15] {Les} hig waiting for order to jump from market
[12:09] {Threei} [11:15] {larisa} it is trying to break downtrend
[12:09] {Threei} next time just tell us where to enter, you two
[12:10] {larisa} 11:15 would work :)
[12:10] {Threei} of course... silly me
[12:11] {Threei} (SZ) SNB's Jordan: Foreign tax pressures are not hurting the stability of Switzerland's financial position at the moment - paper
[12:11] {Threei} - highlights that the Swiss must obey the US tax agreement with or without any UBS circumstance
[12:12] {Les} We'll see who comes out best in banking 5 years from now
[12:12] {Threei} US Rep Boehner (R): May appoint some Republicans to the Budget commission authorized by Pres Obama
[12:12] {Threei} Mongolia Les
[12:13] {Les} lol
[12:13] {Threei} tougrick will prove itself to be the most resilient currency in the world
[12:13] {Les} yeh backed by horse dung
[12:13] {Threei} think of it:
[12:13] {Threei} no one cares about it enough to buy or sell it
[12:14] {Threei} stability guaranteed by indifference
[12:15] {nemo} manure is quite valuable in farming
[12:15] {Threei} see? currency supported by both manure and indifference
[12:15] {Threei} what could be better?
[12:16] {Threei} and now for the idiot hour:
[12:16] {Threei} (US) White House's Summers: Worries about doing "too little" for the US economy
[12:19] {Threei} US Rep Boehner (R): It's time to "scrap" the health care bill
[12:29] {Threei} MET
[12:29] {Threei} MetLife Inc Reportedly considering using $8B in stock in deal to acquire AIG's American Life Insurance Company (ALICO) unit
[12:29] {Threei} ***Reminder: Back on 2/2 MetLife stated it was holding discussions with AIG about acquiring its subsidiary, American Life Insurance Company (ALICO), an international life insurance company. No agreement has been reached and there are no assurances that an agreement will be reached.
[12:29] {Threei} crap
[12:30] {nemo} missed, huh?
[12:30] {Threei} yeah...
[12:31] {Threei} news is fresh
[12:31] {Threei} I didn't miss it
[12:31] {Threei} stock moved before wire posted it
[12:31] {Threei} (GR) Portugal Finance Min: Has "no doubt" that the EU will assist Greece
[12:32] {nemo} yeah, but will it be euthanizing assistance
[12:32] {Threei} MET shot right back
[12:32] {nemo} you play it?
[12:32] {nemo} Magoo di
[12:32] {nemo} did
[12:32] {Threei} no
[12:33] {Threei} scalped AIG
[12:33] {Threei} scary as taking shotgun from magoo
[12:37] {larisa} off .20?
[12:38] {Threei} .38 - .57
[12:38] {larisa} wow
[12:39] {larisa} i mean gj
[12:40] {Threei} yeah yeah
[12:41] {Threei} "wow, aren';t you stupid... oops, hope I didn't say it out loud - no I didn't, whew - gj!"
[12:41] {Threei} there, train of thoughts as I guess it {G}
[12:41] {larisa} no thoughts here
[12:41] {Les} wow
[12:42] {larisa} market is just crazy
[12:42] {nemo} quick vxx
[12:42] {Les} but $ is dropping
[12:42] {nemo} it was donw .20 earlier
06[12:42] * nemo slaps Les around a bit with a large trout
[12:44] {Threei} Les?
[12:45] {Threei} UUP jumped at the sasme moment
[12:45] {Les} WFC b/d?
[12:46] {Les} ok. $ bullishness
[12:48] {Threei} let me speak for the EU for one day
[12:48] {Threei} I will retire tomrrow
[12:48] {Threei} sell farm anf family, go long, announce aid to Greece
[12:49] {Threei} sell everything, go short, announce no aid to Greece
[12:49] {Threei} repeat 5 times, buy back farm and family, retire
[12:51] {Threei} Long Setup: VXX .50
[12:52] {nemo} lunch breakout
[12:53] {Threei} no
[12:53] {Threei} market breakdown
[12:53] {Threei} sounds more plausible for lunch?
[12:53] {nemo} ahh, stop under .30?
[12:53] {Threei} I wanted .35...
[12:53] {Threei} let's see if it reestablishes
[12:54] {Threei} no
[13:03] {Threei} UAUA prolonged consolidation near the high
[13:06] {Threei} Long Setup: VXX 32.10 break
[13:08] {Threei} .95 stop
[13:08] {Threei} no go
[13:10] {Threei} everyone's asleep?
[13:11] {Threei} I'll go sleep too
[13:11] {strider} no.....
[13:11] {strider} not asleep.
[13:11] {larisa} yes, no :)
[13:14] {Threei} (US) House of Representatives officially cancels votes scheduled for this week due to snow storms
[13:14] {Threei} too bad vote on global warmning measures wasn't schedule this week
[13:15] {Threei} that would have provided me with material for jokes for a month at least
[13:17] {Threei} crap
[13:17] {Threei} VXX shakeout
[13:25] {Threei} Google Inc Introduces "Google Buzz" social networking functionality for g-mail
[13:25] {Threei} - also reportedly plans to launch tools that help time management and productivity.
[13:25] {Threei} - reminder: it was reportedly yesterday that Google was preparing to launch social network feature via g-mail service.
[13:25] {Threei} oh good more social networks
[13:26] {Threei} timely, as I was losing my mind trying to find the way to communicate with people over internet
[13:26] {Les} my uni has gone over to google email for networking teacher/students
[13:26] {Les} I get friggin lost trying to connect
[13:27] {Threei} we need to take lessons from folks in Nigeria
[13:27] {Threei} they don't seem to have problems communicating and finding us
[13:27] {Threei} - "Buzz" automatically follows contacts in chat and e-mail, providing social updates, provides Twitter updates, and integrates Youtube and photo functions.
[13:27] {Threei} perfect... my e-mail takes over my social life
[13:28] {Raven} just more crap to assure that the children of this nation become more useless and ignorant by the day
[13:29] {Les} yeh I had a go connecting with twitter.
[13:29] {Les} friggin twits annoying me with crap
[13:29] {Raven} all they know how to do is twitter and listen to garbage music
[13:29] {Threei} children of the corn twitting in myspace with therfacebooks down youtube
[13:30] {Les} sounds psychadelic
[13:30] {Raven} sigh ... whatta country
[13:30] {Threei} GR) Germany Fin Min: EU will discuss Greek recapitalization steps
[13:30] {Les} oh stop it vad
[13:30] {Les} enough rumour/counter rumour for one day
[13:31] {Threei} hey, I am not writing it
[13:31] {Les} happily we rely only on the setup and not rumour
[13:31] {Raven} this is rediculous ... I will go to Post Office
[13:31] {Threei} - Says that all other reports on Greece's aid are speculations
[13:31] {Threei} no you won't Raven
[13:31] {Threei} a few more years of twitting, and post offices will close
[13:32] {Threei} you want to talk to someone - you twit
[13:32] {Threei} tweet?
[13:32] {Raven} double sigh ... I'm outta here
[13:32] {Threei} me too
[13:32] {Threei} astop the Earth, let me out
[13:33] {Raven} and don't be callin' me a twit
[13:33] {Threei} these days we are all twits
[13:33] {nemo} sits on his branch and squawks...sheesh
[13:33] {Threei} or,
[13:33] {Threei} these days we all twitch
[13:33] {Les} HIG closing in on lod again
[13:34] {nemo} twitch or tweet
[13:34] {nemo} we need help
[13:34] {Threei} I am afraid we are beyond
[13:34] {Les} not so bad, if this is the asylum
[13:34] {Les} prefer this to the ordinary world
[13:35] {Threei} our facebooks are too far down the youtube, no twitting in empty myspace will help
[13:35] {Les} sigh
[13:35] {nemo} better edit the log
[13:35] {Threei} not going to
[13:35] {nemo} o.k.
[13:35] {Les} fcx 72 b/d?
[13:35] {nemo} wonder what trev must think
[13:36] {Threei} too far from there Les
[13:36] {Les} these stocks don't know when to roll over and die
[13:38] {Threei} I'd rather try to shiort .20 break
[13:39] {Threei} stop just formed itself too
[13:39] {Threei} .20 - .35
[13:40] {Threei} US Pres Obama to take impromptu questions from press corps; first time in 4-6 months
[13:40] {Threei} - Obama notes that is ready to start from scratch on healthcare bill with regards to listening to new ideas
[13:52] {Threei} TM BofA/Merrill makes positive comments
[13:52] {Threei} - note: Merrill has a Buy rating on Toyota
[13:53] {Threei} US Pres Obama: Will not accept another year of committee work and partisan rancor.
[13:53] {Threei}
[13:53] {Threei} hmmm
[13:53] {nemo} what's he gonna' do, hold his breath
[13:53] {Threei} in which form exactly his non-acceptance will manifest itself?
[13:53] {dino} roflol
[13:53] {Les} RIMM .75 B/o?
[13:53] {dino} i believe he will except nothing and like it
[13:54] {nemo} ?
[13:54] {Threei} (IA) US Pres Obama: Major powers making progress on issue with Iran; developing a range of sanctions (related GLD XAU/USD USO )
[13:54] {Threei} can't tell les
[13:54] {Threei} not clear
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 750M shares, about 21% above its three-month average; advancers lead decliners by 5.4:1.
[14:00] {Threei} - NASDAQ volume 1.5B shares, about 11% above its three-month average; advancers lead decliners by 2.4:1.
[14:00] {Threei} - VIX index -3.5% to just over 25.50
[14:18] {Threei} DNDN CEO: expect to have full manufacturing ability for Provenge by mid-2011 - investor conf comments
[14:18] {Threei} I gues we still have little time to buy it
[14:19] {nemo} amsc only up .24 today
[14:20] {dino} all i can say about that is it is not down (yet) for once
[14:21] {Les} market has dropped below 200 ma first time for the session
[14:22] {nemo} which indice?
[14:22] {Les} q's and spy. 1 min chart
[14:22] {nemo} mmmhhhhh....guess I have a different chat
[14:22] {nemo} chart
[14:36] {Threei} Fed's Bullard expects Fed to take 5 years time to bring down size of balance sheet - Nikkei news
[14:37] {Threei} he forgot to mention which year they start
[14:37] {Threei} he also forgot to quantify "bring down"
[14:41] {billyc} i have to go guys thanks for the calls have a great night see you in the am
[14:42] {nemo} P&Q
[14:42] {Threei} too fast
[14:43] {nemo} what was?
[14:43] {Threei} (GR) Germany considering loan guarantees and other troubled Eurozone countries WSJ cites sources
[14:43] {Threei} billy's exit
[14:43] {nemo} oh
[14:43] {nemo} thought you missed a call
[14:44] {Threei} - guarantee plan would be initiated by the EU; and the plan has been discussed with the ECB, and plan may not start this week
[14:46] {Les} RIMM is close to decent b/d
[14:46] {Les} would like a small bounce
[14:52] {Les} MS has pivot support .90. stop 27 looks ok. 93 b/d?
[14:52] {Threei} pretty much dependent on market help
[14:53] {Threei} and market jumps up and down with no rhyme of reason today
[14:54] {dino} sort of like jim cramer does
[14:54] {Threei} lol
[14:55] {nemo} watching him has the same effect on me as a triple espresso
[14:55] {Les} 50's have crossed under 200's. market seems to be dropping more consistently now
[14:56] {Les} then again, been doing that all day. sigh
[14:58] {Threei} NEXS Ticks higher after Dept of Energy CALiPer test confirms Array Par 30 has highest efficacy LED directional lamp
[14:58] {Threei} what the deuce
[14:59] {Threei} GOOG Co-Founder Brin: It is "very hard" to operate in China under current conditions
[15:16] {Threei} hmmm
[15:16] {Threei} AVAV Receives $17.1M order from US Army for the Raven unmanned aircraft system
[15:16] {nemo} AWIAV?
[15:16] {Les} alcoholic stupor
[15:16] {nemo} I wish...thanks for reminding me
[15:16] {Threei} I personally am in deep sadness about sorely missed UAUA
[15:17] {Les} reach for vodka bottle
[15:17] {Les} you will forget your problems
[15:17] {nemo} just goes from mental anguish to physical
[15:17] {Les} ow wow UAUA hasn't stopped.
[15:18] {Les} but you know vad we would have suffered scalpers regret if we'd taken it
[15:18] {nemo} Life is pain
[15:18] {Les} its always regret, no matter what you do
[15:18] {Threei} you guys don't pay attention
[15:18] {Threei} Raven unmanned aircraft system
[15:19] {Threei} combined with Raven's habit of "circling" people he dislikes...
[15:19] {nemo} he's a raven, of course he's un "manned"
[15:19] {Les} yeh, couldn't think of any pithy one liners...
[15:19] {Les} and I don't know anything about Raven
[15:19] {Les} he's as mysterious as the bird in Edgar Allen Poe's epic
[15:19] {nemo} speaking of one liners....
[15:19] {nemo} that's all we got out of magoo today
[15:20] {nemo} epic what?
[15:21] {Les} epic poem
[15:21] {Threei} you just be careful Les
[15:21] {nemo} before your time we'd go back and forth on it
[15:21] {Les} "The Raven"
[15:21] {Threei} because those Raven's may easy switch from Nevermore to NeverLes
[15:22] {nemo} nice one
06[15:22] * Threei take a bow
[15:22] {Les} no he doesn't deserve credit for that
[15:22] {nemo} watch it Les
[15:22] {nemo} you're trodding hallowed ground
[15:22] {nemo} er....branches
[15:22] {dino} .
[15:23] {nemo} ~
[15:23] {Les} we are bored today aren't we
[15:23] {dino} yeah
[15:23] {Les} been trying to nail HIG.
[15:23] {nemo} Life in the Asylum
[15:23] {Les} everytime it gets to the bottom
[15:24] {Les} wham! reverse course
[15:24] {nemo} breakdowns tough on a strong up day
[15:25] {Les} but don't want to go long either
[15:25] {nemo} ?
[15:25] {Les} I don't
[15:27] {nemo} Looks like we'll probably finish near the highs today
[15:27] {Threei} big red candle came while you were typing that
[15:27] {nemo} still in the trend though
[15:27] {Threei} (GR) ECB declines comment on latest WSJ report concerning German loan guarantees
[15:27] {Threei} - Note: earlier it was reported that Germany considering loan guarantees to Greece and other troubled Eurozone countries - WSJ cites sources
[15:28] {nemo} This is a frickin' comedy skit
[15:29] {Les} except its not funny
[15:29] {strider} The stock you mentioned awhile ago......avav????
[15:29] {nemo} how much you get strider?
[15:29] {strider} is that the right sym?
[15:29] {nemo} yep
[15:29] {Threei} yes.. why?
[15:30] {strider} OK...just couldn't find any news since 2/4
[15:30] {Raven} Neverenough !
[15:30] {Threei} 3:13:29 PM
[15:30] {Threei} AeroVironment Receives $17.1M order from US Army for the Raven unmanned aircraft system
[15:30] {Threei} - contract action was not awarded as a fixed price type because uncertainties involved in contract performance did not permit costs to be estimated with sufficient accuracy to use any type of fixed price contract. As such, a cost-reimbursement type action was awarded
[15:31] {Threei} - The options consisted of Accounting for Contract Services, Performance Based Logistics, Training and Contractor Logistics Support. Also definitized NTE options for the Family of Systems for the Raven Unmanned Aircraft System
[15:31] {Threei} - Note: Co reports approx $73M in revenues per quarter
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 940M shares, about 16% above its three-month average; advancers lead decliners by 6.1:1.
[15:31] {Threei} - NASDAQ volume 1.88B shares, about 8% above its three-month average; advancers lead decliners by 2.5:1.
[15:31] {Threei} - VIX index -3.75% to just under 25.50
[15:32] {Les} lol, you seen the raven?:
[15:32] {Les} where can I buy one of those
[15:33] {dino} rino rinsed and running
[15:35] {Les} WFC .76 b/o?
[15:35] {Threei} I wouldn't
[15:35] {nemo} .80 resistance
[15:42] {Les} RIMM .20 b/d with .30 stop?
[15:43] {nemo} looking long
[15:43] {Threei} yeah... not a play really
[15:43] {nemo} plus, recent lows only .15 away...risk reward marginal
[15:44] {nemo} I guess he could play it that way with the idea people might want to liquidate their gains
[15:45] {Les} vxx .10 break?
[15:45] {Threei} wort a try I guess
[15:45] {nemo} yeah
[15:45] {Les} hmm
[15:45] {nemo} nope
[15:46] {nemo} all that volume on the hammer, new support .15
[15:47] {Les} l vxx .11 small shares
[15:50] {Threei} OK, qwe have 12 min left, and I find it hard to believe they wouldn't give us last headline on Greece
[15:51] {larisa} I will : v gretsii vsyo est' :)
[15:51] {Threei} lol
[15:51] {larisa} cool to be one of THEM
[15:51] {Threei} I am telling you...
[15:51] {Threei} give me that bullhorn for one day
[15:52] {Threei} 1:1 Les
[15:52] {dino} beware of greeks bearing gifts
[15:52] {Threei} were those danaos?
[15:53] {Threei} wren't
[15:53] {Les} I want more
[15:53] {Threei} 1:2
[15:54] {Les} that'll do
[15:54] {nemo} lotta' faith in this market
[15:54] {Les} out .27
[15:54] {Threei} wtg
[15:54] {Threei} (US) Commerce Dept: to delay Thursday's Advance Retail Sales data to Friday
[15:54] {dino} gj
[15:54] {Threei} why?
[15:54] {Les} squeezed out daily profit target
[15:54] {Threei} they didn't finish counting?
[15:56] {dino} cagc drop, files shelf
[15:57] {Threei} AMSC maybe getting ready
[15:57] {dino} for what?
[15:57] {Threei} first day of closing within BBs
[15:57] {Threei} ever since it started dropping
[15:57] {dino} insider selling was part of the issue
[15:58] {Threei} those are mighty insiders... what, they sold whole float, lol
[15:58] {Threei} come on EU
[15:58] {Threei} 2 min
[15:59] {dino} lol
[15:59] {dino} probably a mistake, but holding jst over
[16:00] {Les} night all. ty
[16:00] {Threei} good luck
[16:00] {larisa} bye :)
[16:00] {Threei} thank you all
[16:00] {Threei} hjave a good evening, see you tomorrow
[16:00] {nemo} gnite
[16:00] {strider} thanks, vad...see you in the morning.
[16:01] {fernp} Good evening everybody. See u all tomorrow

Monday, February 8, 2010

Feb 08 2010

Fun way to start a week. First trade of the day on BRCM was a stop for about 12 cents - and then everything we touched turned into gold. "Can do no wrong" type of day, with trades in both directions on BRCM, AMZN, VXX several times - most of them going to 1:2 and even further.

Session Time: Mon Feb 08 00:00:00 2010
[08:13] {Threei} (GR) Risk aversion being attributed to chatter that some tier 1 European banks are no longer lending to Greek banks via repo markets - dealers
[08:13] {Threei} - Greek news services reporting UniCredit and DB no longer trading with Greek banks due to collateral concerns
[08:14] {Threei} (US) Economist Joseph Stiglitz: US needs a second round of stimulus measures
[08:14] {Threei} - US housing scars will last for decades
[08:14] {Threei} - First US stimulus measures prevented a bigger economic downturn
[08:14] {Threei} - Giving into banks has not led to US economic revival
[08:14] {Threei} - China's strength partly based on education investment
[08:14] {nemo} prelude to what happens in the US cities an states
[08:16] {Threei} BRCM Introduces 65nm 3G HSPA chipset for smartphones
[08:29] {Les} HAS up premarket.
[08:29] {Les} G'day
[08:29] {nemo} It was
[08:29] {Threei} les, nemo :)
[08:29] {nemo} suspender up, Les
[08:30] {Les} hey Vad, Nemo
[08:31] {Les} You making surreptitious pointers about suspenders Nemo, makes me wonder if you're not 70?
[08:32] {Les} Papa Nemo
[08:33] {Threei} careful Les, lest you be put over papa's knee and slapped silly
[08:33] {nemo} mmmmhhhhh....where's my passport?
[08:33] {nemo} ah..
[08:33] {Les} nah. It's the shotgun hanging by the rocking chair that worries me :)
[08:34] {nemo} should be the hidden claymores lining approaches to the house
[08:40] {fernp} Good morning everybody
[08:40] {nemo} fern :)
[08:40] {Threei} fern :)
[08:44] {Les} hi gern
[08:44] {Les} fern too
[08:45] {Les} vad's fingers on a monday morn. not a good sign for the week
[08:47] {Les} anything on your list this morn vad?
[08:48] {Threei} BRCM
[08:49] {Threei} and usual suspects
[08:50] {Threei} pleasant news (not groundshaking), trades at Fri high, big offer there to take,
[08:50] {Threei} market is positive
[08:51] {Threei} as usual, I'd prefer it to consolidate, form an opening range, then break it for an entry
[08:52] {Les} cool bananas
[08:55] {Threei} getting away
[08:55] {Threei} oh well
[08:57] {magoo} morning
[08:58] {Threei} mags!
[08:59] {dino} gm all, wow cagc, glad i daytrade it and not hold
[08:59] {Threei} dino :)
[08:59] {Threei} Analysts at Goldman Sachs comment on US Budget Deficits; State that US lawmakers must use restraint in stimulus as soon as private sector is strong enough to drive growth (update)
[08:59] {Threei} - See US budget deficit rising to $1.646T, this figure is ahead of Oct 2009 estimates
[08:59] {Threei} - See further risks to further expansion of deficit levels as tax receipts are expected to be light and calls for more stimulus will be heard
[09:03] {ese} morning
[09:03] {Threei} ese :)
[09:03] {Les} hey ese, mags
[09:03] {ese} les
[09:04] {magoo} les ese:)
[09:04] {ese} 28 days and couning to italy
[09:04] {Les} weather should be nice down there by then
[09:04] {ese} mags!!!!!!!!
[09:04] {magoo} remain calm he he
[09:05] {ese} phew......ya i'm ok........
[09:09] {larisa} gm
[09:10] {Les} hi larisa
[09:10] {Threei} larisa :)
[09:10] {larisa} Les, vad :)
[09:12] {dino} cagc split it seems
[09:12] {Threei} yes
[09:13] {Threei} China Agritech Inc. Declares 2:1 stock split
[09:13] {Threei} - Effected a 2:1 forward split of its common stock on Feb 1, which will be reflected on NASDAQ beginning with trading on Mon, Feb 8, 2010.
[09:25] {lasertrev} morning
[09:25] {Threei} trev
[09:26] {ese} seems like a B flat nothing type of days so far.......
[09:26] {ese} in musician terms....thats just an ordinary tuning just ordinary day so far
[09:32] {Threei} Long Setup: BRCM .50 break if stays above .40
[09:32] {dino} jst pop, thin
[09:32] {dino} nah
[09:34] {Threei} no go
[09:34] {fernp} yeah
[09:35] {Les} TM dropping. 1st support at .93
[09:35] {fernp} DELL holding on highs
[09:35] {Les} or 73 I guess
[09:38] {fernp} 1:1 DELL +.06
[09:38] {Threei} ARHX spike
[09:39] {Threei} no news
[09:39] {Threei} ATHX, sorry
[09:40] {Threei} nice spot DELL
[09:40] {Les} ATHX has support on the dailyy
[09:40] {dino} tex sm l .01
[09:41] {ese} L brcm .41
[09:41] {Les} BIIB kicked to the kerb
[09:42] {nemo} nice brcm
[09:42] {Threei} AMZN strong pullback
[09:43] {ese} out 1/2 .56
[09:43] {Threei} watch for bounce near 120, most likely a bit under it
[09:43] {nemo} .93 pivot support
[09:43] {ese} stopped remaining even .41
[09:44] {magoo} looks like it wll lose 120 vad
[09:44] {Les} long amzn .11
[09:44] {Threei} that's what I said
[09:44] {magoo} ok
[09:44] {Les} out .35
[09:45] {magoo}
[09:46] {Les} appreciate trade structure vad with these fast moving reversals. bang. 120 stop. .10 trigger. go!
[09:46] {Threei} that's it
[09:48] {billyc} gm all happy Monday
[09:48] {Threei} billy :)
[09:48] {Les} hey billy
[09:51] {magoo} billy:)
[09:51] {magoo} there the loss 120
[09:53] {Les} lost some, regained it on amzn. bit jumpy for me
[09:53] {Threei} watch VXX for long entry on pullback
[09:53] {Threei} should drop closer to 33
[09:54] {ese} L brcm .02
[09:54] {ese} out ..16
[09:54] {Threei} nice
[09:54] {ese} +.14 man tht was fast
[09:55] {ese} surprised i got a decent fill
[09:55] {Threei} Senate bill proposing new incentives for solar rooftop installations circulating
[09:55] {Threei} - The bill proposed by Senator Bernard Sanders (NH-I) seeks "To increase the quantity of solar photovoltaic electricity by providing rebates for the purchase and installation of an additional 10,000,000 solar roofsand additional solar water heating systems with a cumulative capacity of 10,000,000 gallons by 2019."
[09:55] {ese} waitin on a .60 break though
[09:56] {Threei} Long Setup: VXX .90 break
[09:56] {nemo} Independent-socialist
[09:56] {Threei} if stays above .80
[09:56] {Threei} CSIQ UPDATE: Greener Dawn Research Initiates CSIQ with Buy, price target: $27
[09:56] {Threei} - pre-open
[09:57] {Threei} Short Setup: AMZN 120 break half lot
[09:57] {Threei} if stays below .15
[09:58] {Threei} AMZN 1:1
[09:58] {Les} nice one
[09:58] {Les} ty
[09:58] {Threei} 1:2
[09:58] {Threei} VXX 1:1
[09:59] {Les} great
[10:00] {ese} l brcm .99
[10:01] {Threei} perfect wentery
[10:01] {Les} TM consolidating around 73
[10:06] {Les} brcm b/d lod?
[10:06] {Threei} no
[10:07] {Threei} chart is rather bouncy,
[10:07] {nemo} break of 00?
[10:07] {Threei} yes
[10:07] {Threei} if market helps
[10:07] {Threei} it's like:
[10:07] {Threei} if sets up for long, I'll take it, if for short - I'll skip it
[10:08] {nemo} in
[10:08] {Les} ditto. will ave. in if market improves
[10:08] {dino} china stocks ok so far
[10:08] {ese} interesting mrkt....dn yet up.........well slowly creeping up
[10:08] {dino} jst, rino, snda, pwrd
[10:09] {dino} fsys spike
[10:12] {Threei} Short Setup: VXX .85 break half lot
[10:14] {dino} nihd sm l .50
[10:14] {Threei} VXX 1:1
[10:14] {Les} half out
[10:16] {Les} all out ty
[10:16] {nemo} 1:1 brcm
[10:16] {Threei} BRCM 1:1
[10:16] {nemo} duh
[10:16] {Les} take your medicine nemo
[10:17] {ese} i'm still in brcm .99
[10:17] {ese} stop is in at .87
[10:18] {ese} me thinks this should take off
[10:18] {ese} well........
[10:18] {ese} it goes up except when it doesn't
[10:19] {nemo} wow big lot just hit the bids in brcm
[10:19] {nemo} 129000
[10:25] {nemo} fickin, brcm
[10:25] {nemo} frickin
[10:25] {nemo} hehehehe
[10:26] {strider} watch your mouth, nemo.
[10:26] {nemo} nose too big, can't see below it
[10:26] {Les} morning strider. you're cheery today
[10:26] {strider} mirrors break when you use them?
[10:27] {nemo} reflection
[10:28] {strider} Got stuck with a consulting job, les.......I'm having to actually DO STUFF!
[10:28] {strider} It's terrible.
[10:28] {Les} screw that
[10:28] {ese} daaaaaaaaaa brcm you turd
[10:29] {dino} out nihd .87, +.37
[10:29] {Les} nice
[10:29] {dino} ty
[10:30] {dino} out tex .37, +.36
[10:33] {Les} looks like a broadening wedge brcm.
[10:36] {Les} RIMM looks ready for b/d
[10:37] {ese} is this the one.........?
[10:37] {ese} nooooooooooo
[10:38] {ese} daaaaaaaaaaaaaa brcm you turd
[10:38] {Les} hehe. I've lightened up and BRCM and leaving it to prove its worth. looking around for other scalps
[10:38] {Les} lightened up on BRCM
[10:38] {ese} ya might have to do the same
[10:39] {ese} so far it's just a miniscule....measly......flea good for nuttin .10 cents
[10:40] {ese} not even that now
[10:40] {Les} Hey, some of us consider .10 reasonable profit...
[10:40] {nemo} walking a channel though
[10:40] {ese} yup
[10:41] {ese} hopefully it breaks up
[10:41] {nemo} although, last was a lower high
[10:41] {ese} ahhh well.....have already nailed it twice this morning......maybe too much to ask
[10:42] {ese} for a third
[10:43] {ese} normally .10 is good for me too Les......i'm probably gonna get bit in the know what
[10:44] {ese} did this particular trade as a day trade so we'll see what happens ....wanna give it it's due
[10:46] {Les} RIMM
[10:49] {dino} neu sm l .02 wide
[10:50] {ese} ahhhhhhhhhh haaaaaaaaa!!!!!!!
[10:50] {ese} brcm baaaaaaaaaby
[10:51] {Threei} finally eh? :)
[10:51] {ese} ya
[10:51] {Threei} took its sweet time
[10:52] {ese} me thinks scalping has it over daytrading........
[10:52] {dino} amsc green for once 3i
[10:52] {Threei} 32 break feels like launching it
[10:52] {Threei} but the volatility is enormous
[10:52] {dino} feeling the same
[10:53] {dino} $2 bucks
[10:54] {Threei} here is a puzzler
[10:54] {Threei} if you believe in market breakout to the upside here, VXX short on .60 breakdown is the way to exploit it
[10:57] {Threei} so, as creepy kids in Olymic ads, reminding Children of the Corn, ask: Do you believe?
[10:59] {Les} dunno bout that, but I can't get tom waits out of my head now.
[11:00] {dino} giddy-up
[11:02] {Threei} Fed's Bullard: Could start to sell some assets in 2H10; timing still in question; a double dip recession in the US not likely
[11:02] {Threei} - Does not want to consider any further MBS purchases beyond March; does not expects mortgage rates to rise significantly as the MBS purchase program ends.
[11:02] {Threei} - With regards to Volcker rule " When Paul Volcker speaks, everyone should listen'; fixing housing market is key to regulatory reform.
[11:02] {Threei} - Any spike in inflation expectations could cause the Fed to tighten policy even if unemployment rate is still high
[11:02] {Threei} - Rising jobless claims is a worry, feels the US has seen the peak in unemployment rate
[11:02] {ese} how bout just giddy
[11:03] {Les} alright I'll take .25 for BRCM
[11:03] {Les} 1:1 for me
[11:04] {Threei} AMSC... maybe it's really time...
[11:04] {Threei} who went for VXX, 1:1
[11:04] {Threei} 1:2
[11:08] {dino} gj
[11:09] {Threei} 1:3... but I am no longer there...
[11:10] {Threei} finding it hard to stay for more than 1:2 considering volatility
[11:10] {nemo} grind up ay
[11:10] {nemo} day
[11:10] {Threei} so far yes...
[11:10] {Threei} see my problem is:
[11:10] {Threei} it grinds, moves ever so slowly,
[11:11] {Threei} then something happens
[11:11] {Threei} news, report and just because,
[11:11] {Threei} and flurry of action comes with such fury, it eliminates in seconds what you were building for hours
[11:11] {Threei} I have no slightest desire to get caught into this
[11:12] {Threei} so I prefer to sascrifice possible bigger gains for safety in most cases
[11:12] {Threei} remember last week trade for 50 cents on VXX?
[11:12] {Threei} the only reason I stayed in it so long - it went whole 50 cents with no pullback, and within like 5 minutes
[11:13] {Threei} so it's was NOT so long, and never made me nervous about possible reversal
[11:13] {Threei} Long Setup: TM .50 break half lot
[11:14] {Threei} if stays above .35
[11:14] {Threei} two-sided setup
[11:14] {nemo} yeah, got lower high
[11:17] {Les} out amsc flat.
[11:18] {Les} I'm ok for a mornings work. will take your remarks to heart and ease off until something solid arrives
[11:34] {Threei} TM, feel fee to cover
[11:34] {Threei} almost 1:2
[11:35] {nemo} amzn lows
[11:38] {Threei} bounced into shorting zone
[11:39] {Threei} if market continues down AMZN is likely to form inverted C&H
[11:39] {Threei} with .45 - .50 as breakdown
[11:39] {nemo} big stop though
[11:40] {Threei} that's why I call this spot as shorting zone
[11:40] {Threei} aggressive entry
[11:40] {Threei} need market drop as AMZN is treading near resistance
[11:42] {Threei} Short Setup: AMZN .85 if stays under 119, half lot
[11:42] {nemo} next resistance .20
[11:45] {nemo} amsc
[11:46] {Threei} .35 is Fri high AMSC
[11:46] {nemo} I missed the break anyway
[11:49] {dino} in it .00
[11:52] {Threei} and here goes sharp drop, illustrating my earlier point about staying in too long
[11:53] {nemo} yeah, but indices still haven't broken trend
[12:00] {ese} du du du du.......wha da ya think......will brcm climb any more.......opinions greatly appreciated
[12:01] {nemo} wtfk''s in the channel
[12:01] {Threei} IMO, uptrend is broken
[12:02] {dino} 20 sitting at 50, break and drop imo
[12:02] {nemo} if it can't break .34...done
[12:03] {Les} interesting. PM miner's at the origin of trend change
[12:04] {Threei} ACOR CNBC highlights upcoming guest to appear on CNBC
[12:07] {Threei} Long Setup: AMSC .90
[12:07] {Threei} if stays above .75
[12:07] {Threei} half lot
[12:09] {Threei} modification, .65 - .80
[12:14] {Les} s amsc .65
[12:15] {Les} out GG +.20
[12:26] {larisa} "modification, .65 - .80" was .80 long with .65 stop? Les went short confused me :)
[12:27] {Threei} yes, but he simply took the opposite side since .65 got hit before .80 did
[12:27] {Les} sorry
[12:27] {nemo} amzn staying under trend, but forming a concentric triangle
[12:30] {Les} out -.21. looks like grind up again
[12:31] {Threei} Short Setup: ACOR .20 break
[12:33] {nemo} stop .26
[12:33] {Threei} I'd prefer .30
[12:34] {nemo} downtrend right here and 200 is at .28
[12:48] {dino} bgh
[12:50] {Les} amsc at major support
[12:51] {nemo} rimm taking off
[12:52] {Threei} believe it or not:
[12:52] {Threei} Research in Motion Ltd Hearing takeover chatter circulating
[12:52] {Threei} - MSFT rumored as a potential acquirer.
[12:52] {Threei} - Rumor appears to be originating from an All Things Digital article by Kara Swisher suggesting Microsoft might want to buy RIMM, or another mobile phone company like PALM or even NOK.
[12:55] {Les} be afraid of google, be very afraid...
[12:55] {Les} .
[13:02] {Threei} VXX...
[13:02] {Threei} market starts looking like breakdown
[13:02] {Threei} VXX accordingly is a long play
[13:03] {Les} what's with AMSC
[13:04] {nemo} spy 200 at .90\
[13:05] {Les} s ACOR .18
[13:07] {nemo} spy holding the 200
[13:08] {fernp} AMZN on lows
[13:08] {Threei} ACOR 1:1
[13:08] {Les} ty
[13:09] {Threei} welcome
[13:09] {Threei} fun day... started with a stop, and everything worked like charm ever since
[13:10] {Threei} OK, I need to look up "fun" obviously
[13:12] {fernp} 1:1 AMZN
[13:16] {Les} amsc vad. .50 b/d?
[13:18] {Les} I guess so
[13:18] {larisa} lol
[13:18] {fernp} FITB holding on highs
[13:19] {Threei} lol les
[13:25] {nemo} 70.20 fcx friday close
[13:27] {Threei} anyone went for VXX, feel free to sell here
[13:45] {nemo} rimm sitting on vwap
[13:47] {ese} daaaaaa daytrading shmay trading........
[13:47] {ese} out brcm .11 +.10
[13:47] {ese} sorry .12
[13:47] {Threei} I fail to see anything wrong with it
[13:48] {ese} scalp trading is the way to go
[13:48] {ese} just bees hivin.....should have unloaded at .50
[13:48] {Threei} VXX... thgis one I'd do much beter holding
[13:49] {ese} anyway gotta go to school see you all tomorrow.
[13:49] {Threei} sold .53
[13:49] {Threei} take care ese
[13:49] {ese} see ya vad
[13:49] {Les} have fun man
[14:13] {nemo} C&H on fcx?
[14:14] {nemo} not textbook, but flirtting with that .70 resistance level
[14:33] {nemo} amzn held support at 118
[14:33] {nemo} well, maybe not
[14:34] {Threei} things are too random
[14:34] {nemo} yeah
[14:34] {dino} understatement, lol
[14:34] {Threei} I am known for sugarcoating, you know :)
[14:34] {nemo} kinda' like Les' brain :)
[14:35] {nemo} he must be cooking dinner
[14:36] {Les} lol
[14:37] {nemo} hehehehe
[14:37] {Les} aw crap yeh things are too random. bit me on the ass and took my profits.
[14:37] {Les} how many times I gotta fall for this lunchtime crap
[14:37] {nemo} it's an organic issue Les
[14:38] {Les} KGC lod
[14:40] {Les} GG lod
[14:54] {Threei} morning was nicely active
[14:54] {Threei} died now
[14:54] {Threei} familiar pattern
[14:55] {Threei} likely to become more active closer to eod again
[14:55] {nemo} yeah, we had that little drop, and everything moved back to the trend line
[14:55] {Les} s GG .61
[14:56] {fernp} ty Les, I took KGC .85 b/d
[14:57] {Les} no worries mate
[15:05] {Les} The Chicago Mercantile Exchange has taken on more short bets on the Euro than ever before in the currency's history.
[15:05] {Les} sounds like a contrary indicator to me
[15:06] {Threei} Long Setup: VXX .60 break
[15:06] {Threei} if stays above .50
[15:06] {Threei} this may be a very different case Les
[15:06] {Les} yes fundamentals suggest so don't they
[15:07] {fernp} have a good evening everybody. See u all tomorrow
[15:08] {Les} ciao
[15:08] {Threei} take care fern
[15:08] {Threei} 1:1 VXX
[15:18] {Threei} can you believe AMSC
[15:18] {Threei} I can't
[15:20] {Threei} 1:3 VXX
[15:22] {Les} out gg . +.10
[15:24] {Les} db WFC?
[15:25] {Threei} no
[15:25] {Threei} if anything, it's a breakdown with market help
[15:36] {Threei} ok... do you believe in market selloff into eod?
[15:36] {nemo} no
[15:36] {Threei} no play for you then
[15:36] {nemo} oh
[15:37] {nemo} well....o.k. then
[15:37] {nemo} yes
[15:37] {nemo} vix again
[15:37] {Threei} yeah
[15:40] {Threei} TM Toyota plans to suspend production of Sai and Lexus hybrids in Japan later this week, and continue to idle the plants for at least one week - Nikkei news
[15:40] {Threei} - will affect production of about 4,000 vehicles.
[15:40] {Threei} Market Internals update at 3:30pmET
[15:40] {Threei} - NYSE volume 740M shares, about 8% below its three-month average; decliners lead advancers by 2.2:1.
[15:40] {Threei} - NASDAQ volume 1.68B shares, about 4% below its three-month average; decliners lead advancers by 1.5:1.
[15:40] {Threei} - VIX index -0.50% to just under 26.00
[15:41] {Threei} if you trusted me, you have over 1:1 on VXX
[15:42] {nemo} didn't know you called it
[15:42] {Threei} I didn't "call call" it... I mentioned a play for the market selling
[15:42] {nemo} so, just hop on kinda' play
[15:42] {Threei} and .70 - .80 range was beyond obvious - IF yo believed in market selling
[15:42] {Les} l vxx .02 stop .90
[15:43] {nemo} oy vay
[15:43] {Threei} rather playing general direction withoiut clearly defined setup
[15:43] {Threei} that's a bit high entry les
[15:43] {Threei} not that it's invalid
[15:43] {Threei} it has right to exist
[15:43] {nemo} yeah, no volume, hammer at previous peak,
[15:44] {Threei} just a bit narginal so to speak
[15:44] {Les} missed your call. was on potty break
[15:44] {Threei} too much information {G}
06[15:44] * nemo slaps Les around a bit with a large toilet plunger
[15:50] {Les} out +.08 at .09 some big sell orders at .10
[15:50] {Threei} brweak of this offer is beyond tempting
[15:50] {Threei} too bad we are so close to eod
[15:50] {Les} +.07
[15:50] {Threei} it was reasonable decision Les
[15:50] {Les} wow plowed straight through that resistance
[15:51] {Threei} yes but that close to market closing time, don't regret it
[15:53] {Les} alright. again too much money gambled away in random trading. something that has to be sorted out
[15:53] {Threei} we had what, just one stop today? first trade
[15:56] {Threei} yup, as far as I could find
[15:58] {Threei} okay guys, thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {nemo} gnite
[15:58] {Les} thank you. GN
[15:58] {billyc} see you guys tomorrow thanks for the calls good day
[15:58] {Threei} :)

Friday, February 5, 2010

Feb 05 2010

Beautiful strong finish to the week, with 4 trades working for nice gains including VXX for 50 cents in minutes; two stops for 10 and 7 cents, and then a few discretionary trades making the day almost stellar. Some of other trades were SYK short, X long, RIMM long.

Session Time: Fri Feb 05 00:00:00 2010

[08:10] {Threei} Procter & Gamble Co CEO: Consumer sentiment is getting better, but unevenly; more worried about the US now than ever before in his career
[08:10] {Threei} - US gov must provide more certainty for businesses
[08:10] {Threei} (US) Preview: Jan change in Nonfarm payrolls and change in manufacturing payrolls due at 08:30ET (13:30 GMT)
[08:10] {Threei} - Change in Nonfarm Payroll: +15K expected versus -85K prior (Note the range of estimate are from -100K to +100K).
[08:10] {Threei} - Change in Manufacturing Payrolls: -20Ke expected versus -27K prior (Note the range of estimate are from -30K to -10K). The last positive reading in manufacturing came back in Nov 2007.
[08:11] {fernp} Good morning everybody
[08:13] {Les} morning fern
[08:13] {Threei} fern, les :)
[08:13] {Les} or afternoon where we are
[08:13] {fernp} Les :-)
[08:13] {fernp} yes, good afternoon here
[08:14] {Les} hey vad
[08:16] {Threei} take a look at X daily
[08:17] {Threei} lsoing major support
[08:17] {Les} yep
[08:18] {Les} got a large stop X, burnt me a few times. I be careful with the setups on it
[08:18] {Threei} this kind is much better play on bounces than on breakdowns, iunless it forms very narrow range
[08:19] {Les} ok
[08:19] {Les} aa in same boat
[08:19] {Threei} and JOYG
[08:19] {Threei} AA is more safe
[08:19] {Les} joyg is ugly
[08:20] {Les} the abyss awaits
[08:20] {Threei} {JOYG} I want second opinion
[08:20] {Les} lol
[08:26] {Threei} (US) Insight on Jan Payrolls
[08:26] {Threei} ***Census affect on Payrolls: Starting with today's data, payroll numbers will be skewed higher by the Federal government hiring thousands of census workers. Speculation is the the Jan nonfarm would be boosted by 20K from census hirings. Early last year, the Obama Administration announced that as part of the stimulus package, 1.4M workers would be hired for the 2010 Census. By comparison in the first five months of 1990 and 2000, the census bureau hired 330K and 515K workers, respectively, and workers rolled off the payrolls over the next few months.
[08:27] {Threei} According to analysts, at the peak of census hiring this year, payrolls could be bolstered by up to 700K m/m, which could temporarily push down the unemployment rate by a full percentage point.
[08:28] {Threei} ***Annual Benchmark Revisions: The Bureau of Labor Statistics (BLS) will simultaneously release its annual benchmark revisions for payrolls. There is much speculation that the BLS could announce substantial downward revisions for the first three months of 2009 when layoffs were most severe. A preliminary estimate by the BLS issued last October forecasted benchmark revisions would cut the payroll numbers by 824K as of the end of March. Additional revisions for the last three quarters of 2009 could add to this total.
[08:30] {Threei} - Prior Nonfarm Payrolls revised from -84K to -150K
[08:30] {Threei} - Prior Manufacturing Payrolls revised from -27K to -23K
[08:30] {Threei} US) JAN UNEMPLOYMENT RATE: 9.7% V 10.0%E
[08:32] {Threei} Whisper numbers had been +20K census effect jobs
[08:32] {Threei} - Normalized Nonfarm payrolls -29K v +15Ke
[08:32] {Threei} (US) Benchmark revision 902K v 824Ke
[08:34] {Les} up down up down
[08:41] {Les} Ford catching the brake contagion
[08:41] {Les} recall of 15k hybrids for software fix
[08:42] {Threei} Ford Motor Co To update software for brake systems on Milan and Fusion hybrids; some drivers may "perceive the condition as loss of brakes"
[08:42] {Threei} - Ford is announcing a customer satisfaction program to update the software of the regenerative brake system of some 2010-model Ford Fusion Hybrids and Mercury Milan Hybrids.
[08:42] {Threei} - We have received reports that some drivers have experienced a different brake feel when the hybrid's unique regenerative brakes switch to conventional hydraulic braking. While the vehicles maintain full braking capability, customers may initially perceive the condition as loss of brakes.
[08:42] {Threei} very carefully worded
[08:44] {Les} ARG being bought out for approx. $60 a share
[08:44] {Threei} I remember some obscure article by some engineer in auto industry, a few years ago
[08:44] {Les} it $62 premarket
[08:44] {Les} can we make money off this difference?
[08:44] {Threei} not really
[08:45] {Les} k
[08:45] {Threei} saying that move to hybrids was likely to introduce some new and unforeseen problems with cars
[08:45] {Threei} listing most vulnerable parts
[08:45] {Threei} brakes were number 1
[08:46] {Les} I assume because of regenerative braking
[08:46] {Les} perhaps the plug in idea presently being pushed by TM is to fix this issue?
[08:47] {Threei} no idea, I am no auto engineer
[08:47] {Threei} on ARG
[08:47] {Threei} it's not being bought, it's been offered that price
[08:48] {Les} ok
[08:48] {Threei} its reaction on the offer is whole other issue
[08:48] {Threei} Airgas, Inc. Confirms receipt of unsolicited proposal from Air Products; Board appears to continue to believe offer undervalues ARG
[08:48] {Threei} - Confirmed that it has received an unsolicited proposal from Air Products at $60/shr. Airgas' board will review the proposal with its financial and legal advisors. Airgas shareholders are advised to take no action at this time.
[08:48] {Threei} - Airgas' board, after consultation with its financial and legal advisors, unanimously determined that Air Products' proposals were not in the best interests of Airgas or its shareholders, as they grossly undervalued Airgas. In responding to the proposal received in December, the Board also noted that a significant portion of the consideration was in the form of Air Products stock, which has historically underperformed Airgas stock.
[08:49] {Les} I love this game
[08:49] {Threei} so the situation is: 60 offer is on the table, company thinks it's worth more, thus the question is wherther market agrees
[08:49] {Threei} which takes us back to normal chart reading
[08:50] {Les} so traders could take it higher if they think to benefit?
[08:50] {Threei} where this 60-82 spread is nothing more than atention-getter
[08:50] {Threei} sure
[08:50] {Threei} especially if it appears that there are other suitors
[08:50] {Threei} and bidding war may ensue
[08:50] {Threei} 60-62 spread, sorry
[09:06] {dino} gm all
[09:06] {Threei} dino :)
[09:06] {larisa} gm :)
[09:06] {Les} hey dino
[09:06] {Threei} larisa :)
[09:06] {Les} larisa
[09:07] {larisa} vad, les :)
[09:11] {Les} c&h ARG?
[09:11] {Les} long ARG .44
[09:11] {Threei} just JBE
[09:12] {Les} stop .35
[09:14] {Threei} how about that
[09:14] {Les} we aiming for 63 ARG?
[09:14] {Threei} we? I wouldn't touch it with 10 ft pole
[09:14] {Les} :)
[09:15] {Les} out +.20
[09:18] {dino} vad see amsc?
[09:19] {Les} :( ARG
[09:19] {Threei} yeah
[09:19] {dino} hmmm
[09:19] {dino} tm up
[09:19] {Threei} and no news again
[09:19] {Threei} (US) SEC's Schapiro: SEC to consider proposals to restrict short selling in coming weeks
[09:20] {Les} aaaaaaaargh!
[09:21] {dino} why oh why
[09:28] {dino} lol, the reason the household rate survey dropped to 9.7% was that the total population estimate was increased in january. under the old estimate, the rate would be 10.6%
[09:28] {dino} politics as usual
[09:28] {Threei} yup, birth/death revision
[09:29] {Threei} AMSC all the way back
[09:31] {fernp} FITB .40 break, Vad?
[09:32] {Threei} I'd like to skip early breaks
[09:32] {Threei} they didn't work too well last few days
[09:32] {fernp} good idea :-)
[09:32] {Threei} don't want to start with a hole and work to fill it
[09:34] {Les} cat
[09:35] {Threei} RIMM
[09:35] {Threei} watching for bounce
[09:36] {Threei} sheesh
[09:36] {Threei} started typing .40 break long, lol
[09:36] {Threei} wait for more dump now
[09:37] {Threei} should be entry under .30
[09:37] {Threei} closer to .20 even
[09:37] {Threei} here we go
[09:38] {billyc} gm all happy Friday
[09:38] {Threei} .10 break long
[09:38] {Threei} stop under 66
[09:38] {fernp} gm billy
[09:38] {Threei} billy :)
[09:38] {Threei} 1:1
[09:39] {Threei} 1:2, I am out
[09:41] {Threei} Long Setup: X .50 half lot
[09:41] {Threei} stop under .30
[09:41] {Threei} 1:1
[09:42] {Threei} 1:2
[09:42] {dino} amsc sm l .25
[09:43] {dino} .26
[09:46] {Les} had to give IB a reboot. unresponsive. missed some good trades
[09:46] {Threei} aww
[09:46] {Threei} X was a good one
[09:46] {Threei} easy to read and execute
[09:46] {billyc} what is aww
[09:47] {Threei} just "aww" as in "argh" or "ouch" :)
[09:47] {Les} yeh I tried to catch CAT on the way down
[09:47] {dino} ads sm l .40
[09:47] {Threei} btw, look at classic double bottom, second one is within BBs while first one pierced lower envelope, with volume dropping on second
[09:47] {Threei} my favorite reversal setup
[09:49] {Threei} fern, see FITB?
[09:49] {Threei} happy we skipped that
[09:49] {Les} sorry Vad, we talking X?
[09:49] {Threei} yes
[09:50] {Les} ok 5 minute db
[09:50] {Les} thanks got it
[09:51] {dino} amsc stopped
[09:52] {Threei} getting ionterested in X again
[09:52] {Threei} no clear setup yet
[09:54] {Threei} struggling with desire to reverse and short it
[09:54] {Les} s x .21
[09:54] {Threei} maybe I shouldn't fight it
[09:55] {Threei} .30 was better trigger if short Les... chasing
[09:55] {Threei} it works but
[09:55] {Les} half out .10
[09:56] {Les} all out .02
[09:56] {Threei} wtg
[09:56] {Threei} on decision to short and exit mostly
[09:56] {Threei} entry was a bit off
[09:57] {Les} y it was. but pivot point overhead suggested strong reversal not likely so I took it
[09:57] {Threei} it's valid, my only point of contention is:
[09:57] {Threei} it's a volatile stock, entries like this increase risk
[09:58] {Threei} easy to get shaken out on "accidental" move
[09:58] {Les} sure
[09:58] {Les} X has done that to me before
[09:59] {Les} payback for lousy day yesterday
[09:59] {Threei} Long Setup: VXX .22 half lot
[10:00] {fernp} stop?
[10:00] {Threei} .10 for scalp, 32 for day trade
[10:00] {Threei} this is play for market drop
[10:00] {dino} fdx sm l .48
[10:01] {Threei} market breaks down, VXX can go 40 cents in a hurry
[10:02] {Threei} if SPY loses 106, just watch what VXX does
[10:02] {Threei} tries to go even as SPY upticks
[10:03] {Threei} 1:1 for scalpers
[10:03] {Threei} IMO, more to come
[10:03] {Les} i've added to position as daytrade
[10:04] {Threei} SPY under 106
[10:04] {Threei} half out
[10:05] {Threei} 1:1 for daytraders
[10:05] {Les} ok half out
[10:06] {Threei} 1:2, 1/4 more out
[10:06] {Threei} [10:01] {Threei} market breaks down, VXX can go 40 cents in a hurry
[10:06] {Les} all out
[10:06] {Les} I'm finished for the day
[10:06] {Threei} exactly 40 cents here, lol
[10:06] {dino} fdx to flat
[10:07] {dino} out
[10:08] {Threei} out last part VXX
[10:08] {Threei} +.50
[10:09] {dino} gj
[10:09] {billyc} Thanks
[10:09] {Threei} welcome guys
[10:10] {Les} yeh thanks Vad. big change from yesterday
[10:10] {Threei} nice start to the day
[10:10] {Threei} for ZLes it's finish even, lol
[10:10] {Threei} let's all be Les and go home?
[10:11] {Les} if trend continues nicely won't be afraid to ask for more
[10:11] {Les} don't want a rotten bounce to put me out of profits
[10:11] {Threei} missed X bounce...
[10:11] {dino} darn chickened out fdx
[10:11] {Threei} was very tempted, looking at this oiverextended series of red bars on 1 min
[10:12] {Threei} but there was no clear setup, and discipline tramped conviction
[10:12] {Threei} trumped?
[10:12] {Les} trampled?
[10:14] {dino} snda gap fill nov
[10:14] {Les} finnies looking weak
[10:17] {dino} snda sm l .15
[10:17] {fernp} MET, Vad, breakdown?
[10:18] {Threei} probably
[10:18] {Threei} I just want to find an entry into bounce
[10:18] {Threei} rather than break itself
[10:18] {Threei} closest resistance is .80 - .85, right?
[10:18] {fernp} yes
[10:19] {Threei} let's see if we can find very low risk entry
[10:20] {Threei} ok
[10:20] {Threei} .60 breakdown if stays under .85
[10:21] {Threei} .80 break, sorry
[10:22] {dino} crm sm l .01
[10:24] {Threei} out
[10:24] {fernp} yeah
[10:24] {Threei} 6 cents riisk vs 16
[10:24] {fernp} true
[10:30] {Threei} New data released this morning shows that the American people overwhelmingly reject the basics of Keynesian economics. Only 11% believe more deficit spending is needed to spur the economy while 70% say deficit cutting is the answer.
[10:30] {Les} stupid hicks
[10:30] {Les} they need to be disciplined some more
[10:30] {Threei} yeah, don't they know spending all you can and can not is the answer to everything
[10:31] {Les} wfc lod
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 315M shares, about 25% above its three-month average; decliners lead advancers by 1.7:1.
[10:32] {Threei} - NASDAQ volume 645M shares, about 30% above its three-month average; decliners lead advancers by 1.4:1.
[10:32] {Threei} - VIX index +0.3% to just over 26.00
[10:34] {Les} tm returns to hod
[10:34] {Threei} WFC is tempting short on this bounce
[10:34] {Threei} .40 - .56 resistance
[10:34] {Les} fas up
[10:35] {Les} market wants up
[10:35] {Threei} .40 -.45, sdprry
[10:37] {dino} out crm .66, +.65
[10:37] {Threei} wtg
[10:37] {Les} sweet
[10:37] {dino} ty
[10:38] {ese} morning sorry i'm late..........whats up
[10:38] {Threei} ese :)
[10:38] {Les} big bucks ese, big bucks
[10:38] {Threei} we are... nice morning with good size wins
[10:38] {ese} cool.....just as it should be.....gj all
[10:39] {Les} s TM .99 aggressive short
[10:41] {Les} and stopped. shoulda quit while i was ahead
[10:42] {Threei} don't do these impulsive trades having no setups
[10:42] {Threei} espwcially on volatile stocks
[10:42] {Threei} sometimes thwey have their place on what is called "risk based seytups"
[10:42] {Threei} but it's never the case with volatile ones
[10:42] {Threei} look how being picky works for us
[10:43] {Threei} why ruin it out of pure desire to trade something?
[10:44] {Les} ok
[10:47] {Threei} Long Setup: TM .40 break half lot
[10:47] {Threei} if holding .20
[10:48] {dino} out snda .28, +1.13 on spike
[10:48] {Les} wow
[10:48] {dino} lucky
[10:48] {Les} always
[10:49] {Threei} wtg dino
[10:49] {Threei} killing it today
[10:51] {dino} ty
[10:52] {dino} fsys sm l .50
[10:55] {Les} syk Vad?
[10:56] {Threei} contradiction between charts
[10:56] {Threei} intraday is long, daily is short
[10:56] {Threei} I am staying away
[10:57] {Les} ok
[11:01] {larisa} I do not understand :) can you elaborate vad how or when or of do you connect intraday and daily in your mind while choosing short time trade? Cycles are so different on those.
[11:01] {dino} fsys stopped -.30
[11:02] {Threei} intraday chart is consolidation at the high
[11:02] {Threei} which is rather long for me.
[11:02] {Threei} Daily however shows a stock bouncing from today's lows right into yesterday's low
[11:03] {Threei} where it meets strong resistance
[11:03] {larisa} oh, so you look at 2 last bars on daily? I see, it makes sense
[11:03] {Threei} which is rather a great short entry pint
[11:03] {Threei} point
[11:04] {ese} hmmmmmm would have liked to have caught that brcm move
[11:05] {Threei} not last two bvars only, Larisa, 'one more thing is general trend
[11:06] {Threei} and in my view it's in downtrend, so the bounce into resistance again suggests short
[11:10] {ese} l brcm .50
[11:12] {larisa} people that can trade off several timeframes always fascinate me :) those 3D view systems confuse the heck out of me :)
[11:12] {Les} I like the logic of it though
[11:13] {larisa} yeah wait for indicators on several timeframes to line up, then take the trade..
[11:13] {Threei} I think you are overcomplicating it Larisa
[11:13] {larisa} especially if you scalp. but it is just me
[11:13] {Threei} look at it this way
[11:14] {Threei} daily shows stock consolidating above major support for a few days,
[11:14] {Threei} intraday shows DBI at this same level
[11:14] {Threei} timeframes coincide and give powerful short signal on the break, right?
[11:15] {Threei} in the case with SYK, they conflict
[11:15] {Threei} I like first kind of situations,
[11:15] {Threei} that's why I run for instance 2 days break scans along with JBE/DBI
[11:16] {Threei} second kind of situations maske the trade less convincing
[11:16] {Threei} imagine third kind:
[11:16] {Threei} stock spikes sharply into yesterday's low,
[11:16] {Threei} makes dounble top there,
[11:16] {Threei} sets up short.
[11:16] {Threei} To me it will be again powerful signal
[11:16] {Threei} since both time frames show the same direction
[11:17] {Threei} makes sense?
[11:19] {larisa} major support resistance levels on daily do work , it was not actually my question :) it sounded like you validate trend on daily with trend on intraday. Wanted to know how you do that
[11:20] {Threei} did I answer that?
[11:21] {larisa} yes :)
[11:21] {Threei} Toyota Motor Corp Announces global quality task force
[11:21] {Threei} - Task Force to:
[11:21] {Threei} 1) Improve Quality Inspection Process - Toyota will once again inspect every process, while verifying the causes that led to the recalls, including quality in design, production, sales and service.
[11:21] {Threei} 2) Enhance Customer Research - Toyota will enhance the customer information research offices in each region to collect information faster.
[11:21] {Threei} 3) Establish an "Automotive Center of Quality Excellence" in key regions to further develop quality management professionals
[11:21] {Threei} 4) Support from Outside Experts - Toyota will seek confirmation and evaluation from outside expertsin line with the industry's best practicesof its newly improved quality control management, based on the above improvements.
[11:21] {Threei} 5) Increased Communication - In addition, Toyota will work to increase the frequency of communication with regional authorities.
[11:21] {Threei} 6) Improve regional autonomy - To provide customers with satisfying products in each and every region, Toyota has long promoted the autonomy of its regional subsidiaries. We intend to further enhance this autonomy, listen carefully to each and every customer and improve quality.
[11:28] {ese} out brcm.72 +.22 5k
[11:29] {Threei} beauty
[11:29] {Threei} wtg
[11:29] {ese} i'd like to concur with the big bucks sinario you all were talking about earlier
[11:29] {larisa} lol
[11:29] {Threei} I'd say, you did so with a bang
[11:30] {ese} tks
[11:30] {Threei} Short Setup: SYK 51 break
[11:31] {Threei} .15 is invalidation for now,
[11:31] {Threei} if sets up not going over .10 it can be used as a stop level
[11:32] {Les} hey that was my call
[11:40] {Threei} 1:1 on Le's call
[11:41] {Les} well I have to concede I only thought of it after getting stopped out at the top. I liked your logic but didn't apply it strategically
[11:42] {Threei} let me fix about 25 major world worries before question of call authorships enters my list of priorites :)
[11:43] {Les} :P
[11:46] {dino} fast selling
[11:53] {Threei} (IA) US Official: Major powers today discussed potential policies towards Iran; including pressure and diplomacy (related GLD XAU/USD )
[12:01] {Threei} Long Setup: GILD 46 break if stays above .90
[12:02] {Threei} Market Internals update at 12:00pmET
[12:02] {Threei} - NYSE volume 560M shares, about 27% above its three-month average; decliners lead advancers by 2.9:1.
[12:02] {Threei} - NASDAQ volume 1.18B shares, about 27% above its three-month average; decliners lead advancers by 1.7:1.
[12:02] {Threei} - VIX index +1.25% to just under 26.50
[12:06] {nemo} AWIAV?
[12:06] {fernp} GILD
[12:06] {nemo} where
[12:06] {Threei} 46
[12:06] {fernp} 46 break
[12:07] {Threei} but refrain
[12:07] {nemo} ams break .20 stop under .05
[12:07] {fernp} .89 stop
[12:07] {nemo} amsc
[12:07] {Threei} we have 4 wins under out belt, solid buffer
[12:07] {Threei} you don't
[12:07] {nemo} amsc
[12:07] {nemo} just got back
[12:10] {Threei} also highlights of the day were fight with Les over copyright for the call (he won) and with Larisa over my trading approach making any sense (she won)
[12:11] {Les} oh you're in a provocative mood today I see
[12:11] {Threei} today?
[12:11] {Les} kill anything Nemo?
[12:12] {Threei} it's simple Les... trading is fairly lonely profession - aside of seminars where I get my chance to converse with actual people, I don't have a lot of communication.. so I can't afford to miss any chance to have fun in online forem
[12:13] {Threei} fun of course as I see it, which is admittedly not a very common form
[12:13] {nemo} anyone would be more appropos
[12:13] {Les} oh good I can see we are going to get on like a house on fire
[12:13] {Les} I'm surrounded by bored housewives and french speaking village idiots
[12:14] {nemo} bored housewives?
[12:14] {Les} thus I have little output for my mischievous nature
[12:14] {Threei} no go GILD
[12:14] {fernp} stopped
[12:14] {nemo} so 4 for 5
[12:14] {Threei} weird one...
[12:14] {nemo} lunchtime
[12:15] {Threei} came to my attention a few days ago when it was very strong while market slipped, look at daily
[12:15] {nemo} amsc doing exact same thing
[12:15] {nemo} can you short tm today
[12:15] {Threei} ever since it slipped, even whehn market was gpoing up
[12:15] {nemo} strong volume
[12:15] {Threei} yes
[12:16] {Threei} TM is shortable again
[12:16] {Threei} I guess they just run out of inventory briefly yesterday
[12:17] {Threei} 4 fpor 6 actually, we had one more stop for whole 7 cents
[12:28] {dino} hedge fun blow-up rumors; blue gold capital, 1.5 b, oil bets gone wrong, liquidating
[12:28] {Threei} Earlier drop in crude oil partially attributed to report circulating that $1.5B commodity hedge fund may be in trouble
[12:28] {Threei} - Chatter seems to be eminating from a media report this morning that Blue Gold Capital has lost 11% so far this year due to the decline in crude prices.
[12:32] {Threei} AMSC band is really oiverstretched on daily
[12:32] {Threei} when it finally snaps back, shoud be multipoint move in a hurry
[12:33] {nemo} volume low today
[12:33] {Threei} yes, was decreasing yesterday, about half of the first two days of selling
[12:34] {Threei} - Follow up 12:30: Reportedly BlueGold Capital denies rumors they have suffered big losses.
[12:40] {Threei} (US) ECB's Trichet: ECB will NOT hold any special meeting this weekend
[12:40] {Threei} and I did NOT have sex with that woman
[12:40] {fernp} PFG, Vad?
[12:41] {Threei} 50/50 fern
[12:41] {fernp} ok
[12:43] {Threei} - Denies rumors that circulated earlier that the ECB would convene a special meeting to discuss debt issues facing certain EU members like Greece, Portugal, and Spain.
[12:43] {Threei} (UK) UK Fin Min Darling: BoE decision to pause QE is "absolutely correct" - Canadian TV interview (related GBP/EUR GBP/USD GBP/JPY GILTS )
[12:44] {Threei} Fed's Bernanke now scheduled to testify Feb 10 with regards to the unwinding of liquidity measures (related TLT SHY )
[12:48] {Threei} Larisa... nothing happens... may I?
[12:48] {Threei} humor-free joke?
[12:48] {Threei} please?
[12:48] {larisa} is it tuesday?
[12:48] {Threei} I think so
[12:49] {larisa} go ahead then
[12:49] {Threei} guess who is on TV!
[12:49] {nemo} Kirsten Dunst
[12:50] {fernp} AMR strong
[12:50] {Threei} never liked a choice of her for Spiderman
[12:52] {Threei} I love the chart fern... not so much the range
[12:52] {Threei} a bit too narrow
[12:53] {Threei} (US) President Obama: jobs data today suggest US is climbing out of recession
[12:53] {Threei} - Says there has been an encouraging improvement, which is "cause for hope"
[12:53] {Threei} - Expects unemployment numbers to fluctuate
[12:53] {Threei} - Comments on small business loans
[12:53] {fernp} PFG 1:1
[12:53] {Threei} wtg
[12:54] {Threei} jobs data today suggest US is climbing out of recession?
[12:54] {Threei} how?
[12:54] {Threei} by hiring census workers?
[12:55] {fernp} AMR holding on highs
[12:55] {nemo} Did anybody get RIMM when I left yesterday? Ended up going down .50 cents
[12:57] {Threei} no... we were too overwhelmed by grief caused by your leave
[12:57] {nemo} glad my feet are off the ground
[12:58] {Threei} I also was too busy trying to provoke ZLes to slap you when you return
[13:00] {Threei} NYMEX: Oil market operating as usual (related CME USO )
[13:00] {Threei} feels like "move on, nothing to see here"
[13:01] {nemo} $ up strong, economies look sick, why would it go up?
[13:01] {ese} most certainly a question i can't answer
[13:01] {Threei} there were all kinds of tumors earlier
[13:02] {nemo} try that again
[13:02] {Threei} about USO having impact on prices, about hedge fund unwinding
[13:02] {Threei} lol
[13:02] {Threei} rumors
[13:02] {ese} "its notta tumma" which celeb?
[13:02] {nemo} Ahhnold
[13:02] {nemo} Kindergarten Cop
[13:03] {ese} corrrrrrrrrrrrect!
[13:03] {nemo} FCX forming downward wege from yesterday
[13:03] {nemo} wedge
[13:03] {ese} these are just not my type of days.......
[13:04] {nemo} Who sang "These are the good old days"
[13:05] {nemo} ese?
[13:05] {ese} hmmm i know but i don't know
[13:05] {nemo} Carly Simon
[13:05] {ese} i wouldn't have quess her
[13:06] {nemo} for what product was the song used in a commercial?
[13:06] {ese} y a got me
[13:06] {nemo} fcx broke support
[13:06] {patience} .
[13:06] {nemo} Heinz ketchup
[13:07] {ese} lol
[13:07] {ese} go figure
[13:07] {nemo} kinda' like the ridiculousness of an actor being elected president
[13:07] {nemo} tm support .35
[13:08] {ese} thats a hmmmmmmmm certainly a point to ponder
[13:09] {Threei} Dell Inc US 9th Circuit Court of Appeals allows class action case against Dell to move forward
[13:09] {Threei} - Class action claims Dell sold defective notebook computers.
[13:09] {Threei} - Court rules that the district court wrongly granted Dell's motion to force arbitration proceedings.
[13:09] {nemo} looking at TM makes me feel like a mole thinking about popping his head up in a whack-a-mole game
[13:10] {Threei} too many developments
[13:10] {nemo} yeah, and support at .30
[13:10] {ese} lol
[13:10] {nemo} fcx woulda' been good though
[13:14] {nemo} TM too
[13:19] {dino} crm sm l .80
[13:24] {dino} stop is .48
[13:26] {ese} welllllllllll........ make$1k then off to the next job......"A Day in The Life"....ehhhhh....Beatles
[13:27] {ese} see ya monday
[13:27] {larisa} bye ese
[13:27] {Threei} take care ese
[13:27] {Threei} selling returns
[13:27] {Threei} and we are looking at another -200 day most likely
[13:27] {dino} cya es gj
[13:42] {Threei} ugh
[13:42] {Threei} VXX, for some reason hesitated for so long around .80 - .85, I decided to skip long call
[13:43] {Threei} market was dropping, but VXX didn't follow
[13:48] {dino} looking for 9770 dji, 1036 s/p
[13:53] {Threei} AMSC... where does the ridiculousness becomes too ridiculousZ?
[13:54] {nemo} well, you have a C&H
[13:57] {nemo} big bid .80 cat
[13:57] {nemo} amzn vwap .87
[13:57] {nemo} cat bid pulled fell
[13:59] {Threei} -165
[13:59] {nemo} my IQ
[14:00] {Threei} [13:27] {Threei} and we are looking at another -200 day most likely
[14:00] {dino} yeah
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 835M shares, about 27% above its three-month average; decliners lead advancers by 6.7:1.
[14:00] {Threei} - NASDAQ volume 1.71B shares, about 27% above its three-month average; decliners lead advancers by 2.4:1.
[14:00] {Threei} - VIX index +8.5% to just under 28.50
[14:00] {nemo} yeah, don't figure longs are holding over the weekend
[14:01] {dino} since jan 19th highs; dji -8.3%; ndx -9.7%; s/p -9.2%. much more and new bear market takes over
[14:02] {nemo} look at UUP
[14:03] {dino} two day drop -5.4% s/p
[14:03] {Threei} this VXX pullback should give an entry somewhere
[14:03] {Threei} I don't believe selling is done for the day
[14:04] {Threei} it has smell of another wave of panic coming
[14:05] {dino} crm rinsed
[14:06] {nemo} amzn at 200
[14:06] {dino} cagc, jst, tm
[14:06] {dino} fcx
[14:07] {dino} intc
[14:07] {nemo} fcx just broke downtrend
[14:07] {nemo} 200 is at .40
[14:07] {nemo} .40 is vwap also
[14:08] {Les} out SYK +.55
[14:08] {Les} AWIAV?
[14:08] {Threei} no
06[14:08] * nemo slaps Les around a bit with a large coma inducing sheila slap
[14:09] {Les} you hit like a girl
[14:09] {nemo} hehehehe
[14:09] {dino} lol
[14:09] {nemo} that's all you need for Swiss Aussie's
[14:10] {dino} chk wants dec gap
[14:10] {nemo} fcx at support
[14:11] {nemo} 116 support for amzn
[14:11] {Les} first time I tried an ese trade
[14:11] {Les} let SYK run with a stop in place
[14:12] {Les} I like the way VAd thinks
[14:12] {Threei} thinks?
[14:12] {Threei} me?
[14:12] {Les} works
[14:12] {Threei} kidding?
[14:12] {Les} you know what i mean
[14:13] {Les} what was enlightening was how SYK respected the 200 as resistance
[14:13] {Les} you said yesterday
[14:13] {Les} MA's give indication whether stock can pass them or not
[14:14] {Les} SYK refused to pass the 200
[14:14] {Threei} or any other support or resistance, yes
[14:14] {Les} so I went out to dinner leaving a stop just above the 200
[14:15] {Les} and came home to a nice surprise
[14:15] {Les} I thank you for marrying up daily charts with intraday for decision making
[14:15] {Threei} what a difference systematically structured trading makes
[14:16] {Les} well I'm pretty tanked
[14:16] {Les} so I'll thank you all
[14:16] {Les} and see you monday
[14:16] {Les} ciao and ty
[14:16] {Threei} take care ZLes, have a good weekend
[14:19] {dino} cya
[14:26] {nemo} quite the run for fcx
[14:27] {Threei} VXX... time or not
[14:40] {dino} see that and missed it
[14:42] {dino} ioc wants gap
[14:43] {billyc} see you guys thanks for the calls have a great weekend
[14:46] {dino} cya bill
[14:46] {Threei} take care billy
[14:49] {nemo} well, that just took out some stops in amzn
[14:59] {Threei} Preview: Dec Consumer Credit due at 15:00ET
[14:59] {Threei} **consensus expectation: -$10.Be v -$17.5B prior
[14:59] {Threei} - Note: November was the 10th straight month of credit contraction
[15:00] {Threei} *(US) DEC CONSUMER CREDIT: -$1.7B V -$10BE- Prior revised from -$17.5B to -$21.8B
[15:01] {Threei} dino, look this:
[15:01] {Threei} SP) Spain Prime Minister Zapatero: Will defend the EURO
[15:01] {Threei} - Notes that all the EU countries support the Eurozone countries
[15:01] {Threei} is it end of Euro?
[15:02] {dino} maybe so, maybe so
[15:03] {Threei} reminds me hysterical "We will protect communism till last drop of our blood" - when nobody attacjed it
[15:04] {dino} reminds me of "we do not have a liquidity problem"
[15:04] {Threei} and "we do not need additional capital"
[15:04] {dino} right
[15:07] {dino} pretty good bounce
[15:07] {dino} scanners solid green
[15:07] {Threei} wow
[15:07] {Threei} shorted VXX .40
[15:07] {dino} ads finally works
[15:08] {Threei} moved my eyes to make sure whole lot got filled, moved them back, it's 20 cents lower
[15:08] {Threei} and of course covered too soon
[15:08] {Threei} idiot, lol
[15:08] {dino} out on spike to .31, +.91 all dayer
[15:08] {Threei} wtg
[15:08] {Threei} whoa
[15:08] {Threei} what's happening?
[15:09] {Threei} is it credit news??
[15:09] {dino} ndx green
[15:09] {dino} ppt
[15:10] {dino} ppt makes me think of a pbr
[15:11] {dino} wow, no comments on that
[15:12] {nemo} pabst blue ribbon?
[15:12] {dino} indeed
[15:12] {dino} i've been going retro lately, pbr, schlitz, schaeffer
[15:12] {Threei} sorry, reference is lost on me
[15:12] {Threei} foreigner, ya know
[15:12] {nemo} nothing you want to familiarize yourself me
[15:13] {dino} actually, they aren't bad, i think it's that they dropped the marketing ball
[15:13] {nemo} please...
[15:13] {dino} now canadian beer favorite is the moosehead
[15:14] {Threei} yikes
[15:14] {Threei} who dared to call that a beer
[15:14] {dino} you never had it? good beer, bad name
[15:14] {Threei} I did
[15:14] {Threei} hated every drop of it
[15:15] {Threei} but I m not a lager person
[15:15] {nemo} interesting...lower credit contraction did this, but debt levels are still high
[15:15] {dino} hmmmm, i guess i am blue collar at heart
[15:15] {Threei} I a ale... dark sorts are favorite
[15:15] {Threei} ales, stouts
[15:15] {dino} i like all kinds as long as cold
[15:15] {Threei} hehe
[15:16] {Threei} not moving to England any time soon, I assume
[15:16] {dino} no
[15:16] {Threei} did we miss AMSC?
[15:16] {nemo} yep
[15:17] {dino} yes, forgot about it
[15:20] {fernp} Have a happy weekend everybody. see you all on moday.
[15:20] {dino} fdx sm l .24
[15:21] {dino} cya fern
[15:21] {Threei} taje care fern, have a great ojne
[15:30] {nemo} bull flag break coming, or...
[15:30] {Threei} after these swings, all bets are off
[15:30] {Threei} anything's possible
[15:30] {nemo} yeah...walk off into the sunset
[15:30] {dino} exactly
[15:32] {dino} pfwrd blood, back to crash lows
[15:32] {dino} whr big beat, and big fall
[15:32] {dino} pfwd
[15:33] {dino} dji green
[15:44] {nemo} so, does market close above 10k
[15:44] {Threei} nope
[15:44] {Threei} some selling should come in now
[15:44] {Threei} not big but still
[15:47] {Threei} CFTC Commitment of Traders Report: USD longs rose to highest level in 11 months
[15:47] {nemo} Wanna' buy a bridge?
[15:48] {Threei} (CA) Canada Fin Min Flaherty: currency imbalances are concerning for G7
[15:48] {Threei} - Says some Asian currency exchange rates are rigid
[15:48] {Threei} - Reiterates there will be no comunique after this weekend's G7 meeting
[15:48] {Threei} - G7 should look at moral hazard at banks
[15:48] {Threei} - Says there are concerns at G7 over Greece
[15:48] {Threei} - G7 has already had preliminary discussions over the Eurozone debt
[15:48] {dino} out fdx .50, +.26
[15:48] {Threei} here is my selling
[15:49] {Threei} .77 - .97 VXX scalp on that conviction
[15:50] {Threei} Market Internals update at 3:30pmET
[15:50] {Threei} - NYSE volume 1.17B shares, about 40% above its three-month average; decliners lead advancers by 1.6:1.
[15:50] {Threei} - NASDAQ volume 2.36B shares, about 35% above its three-month average; decliners lead advancers by 1.2:1.
[15:50] {Threei} - VIX index +3.75% to just over 27.00
[15:54] {Threei} ok guys, thank you all
[15:55] {Threei} have a great weekend, see you on Monday
[15:55] {Threei} glad we finished the week on such good note
[15:57] {dino} take care. calling it a day too. magoo grab a beer
[15:58] {dino} ironically, decent day for me
[15:58] {Threei} tell that old alcoholic, time to get back to work
[15:58] {Threei} market volarility returns
[15:58] {dino} lol, he had some blown water pipe issues on a rental, not in good mood
[15:59] {nemo} 10014

Thursday, February 4, 2010

Feb 04 2010

Not profitable but a good nonetheless day. We started with a few stops, then retreated and dug ourselves out of the hole with 4 winning trades in a row. Couple small stops with some little wins made a day slightly negative - but the discipline and cold-blooded approach exercised were enough to feel good about our trading today.

Session Time: Thu Feb 04 00:00:00 2010

[08:23] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET
[08:23] {Threei} - Expectations for initial claims are 455Ke v prior week at 470K (range seen from 420K to 480K)
[08:23] {Threei} - Continuing claims seen at 4.581Me v prior week at 4.602M (range seen from 4.400M to 4.630M)
[08:29] {nemo} V weeak this morning after good report
[08:30] {nemo} selling in the spy
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 480K V 455KE; CONTINUING CLAIMS: 4.602M V 4.581ME
[08:30] {Threei} - Prior Initial Claims revised higher from 470K to K
[08:30] {Threei} - Prior Continuing Claims revised from 4.6...more... (related SHY SPY EUR/USD USD/JPY USO RTH )
[08:30] {nemo} selling in qs
[08:32] {strider} Whoever has the job of estimating claims is a bit too optimistic.........of course he has a secure gu'mint job, so things look pretty rosy from his purview.
[08:36] {Les} yeh well wait until they revise the present figures downwards...
[08:36] {Les} good afternoon
[08:36] {Threei} good morning
[08:36] {fernp} Good morning everybody
[08:36] {strider} Oh, good.....we already know the afternoon is going to be're a useful guy to have around, les.
[08:36] {nemo} yeah, and do the yearly reset...will probably be down at least another million
[08:37] {Les} lovely afternoon here strider. cold but sunny
[08:37] {Les} hi fern
[08:37] {fernp} les :-)
[08:38] {Threei} fern :)
[08:39] {strider} Not especially cold here, 31F, overcast, foggy, snow on the ground from last week.
[08:39] {strider} And lots of good deals on Toyotas.
[08:39] {Les} :)
[08:39] {Threei} this wionter we had about 30 minutes of snow, staying on the ground for about 15 m in after snowfall
[08:40] {Les} where is that pretty mountain you take photos of vad?
[08:40] {strider} So you're well prepared for the Olympics?
[08:40] {Threei} and I still don't see any deals offered by Toyota here
[08:40] {Les} the one covered in snow
[08:40] {Threei} that' s Mt Baker
[08:40] {Threei} Olympic Peninsula
[08:40] {Threei} US side
[08:41] {Threei} they truck the snow in strider
[08:41] {strider} I saw a news report on it the other day......we're having to import snow, I think.
[08:41] {strider} yeah.
[08:42] {strider} Snow Importer/exporter.......maybe that's an up and coming job.
[08:42] {strider} dino does a little of that, I think.
[08:42] {Threei} lol
[08:43] {strider} Vad, any thoughts on whether TM will recover quickly, or base for awhile?
[08:43] {Threei} this is highly liquid situation
[08:44] {Threei} kind of hard to make forecasts when new developments are coming in at the rate of 3-2 a day
[08:44] {Threei} remember yesterday's situation when chart formed bounce,
[08:44] {Threei} and govt official opened his mouth and said "stop driving Toyotas"?
[08:45] {strider} yeah...
[08:45] {Threei} of course he quickly retracted that
[08:45] {Threei} but if you are long, and get caught in 2 dollars drop
[08:46] {Threei} In general, this kind of things doesn't go asway quickly
[08:46] {Threei} it's a good case of "disaster never comes alone"
[08:46] {Les} ?
[08:46] {Les} you mean with TM only
[08:46] {Threei} yes
[08:46] {Threei} first it's floormats, then it's pedal,
[08:46] {strider} ok. I want to pick some up at some point for longer hold, but don't want to get in before I have to.
[08:47] {Threei} then Prius brakes,
[08:47] {Les} ok. understand why TM forecasts full year profits this morning
[08:47] {Threei} now there are suspicions that electrics and software is to blame
[08:47] {strider} or rather need to.
[08:47] {Threei} Senate hearings,
[08:48] {Threei} investigations,
[08:48] {strider} 5min chart shows nice bearish triangle.
[08:48] {Threei} when did Toyota knew what,
[08:48] {strider} Lions and tigers and bears, oh my!
[08:48] {Threei} expect all kinds of lawsuits
[08:48] {Threei} competitors gearing up to steal as many Toyota buyers as possible
[08:49] {strider} right.
[08:49] {Threei} residual values dropping
[08:49] {Threei} etc etc
[08:49] {Threei} it's a clear case of mounting problems
[08:49] {strider} TEOTWAWKI
[08:50] {Threei} unless you decode that next 5 seconds, I'll answer with JIORTWMKDQW
[08:50] {strider} The end of the world as we know it.
[08:50] {Threei} ah :)
[08:50] {Threei} for Toyotas it's rather BOHICA
[08:50] {strider} You're obviously not a serious conspiracy buff.
[08:50] {Threei} no, but they amuze me
[08:51] {strider} That why you keep nemo around?
[08:51] {Threei} I don't... I simply can't get rid of him
[08:51] {Les} MDT getting its butt kicked
06[08:51] * strider slaps nemo around a bit with a large Toyota.
[08:51] {strider} maybe that'll work.
[08:52] {Threei} - 9 cents?
[08:53] {Les} sorry, after hours yesterday
[08:54] {Les} well come to think about it
[08:54] {Les} $1 isn't really a butt kicking is it?
[08:54] {Threei} I expected this whole debacle with Toyota to help with my car shopping, either by giving me great deals for their cars or by pressuring Nissan to lower their price... not happening so far
[08:54] {Les} I am guilty of hyperbole
[08:54] {Les} SAAB's should be cheap
[08:54] {nemo} using logic in the market place....duh
[08:55] {ese} morning
[08:55] {Les} Good Morning Nemo :D
[08:55] {Threei} well, for 43 dolar stock it's not particularly impressive
[08:55] {nemo} G'day
[08:55] {Threei} ese :)
[08:55] {Les} your usual cheery self
[08:55] {Les} hi ese
[08:55] {nemo} dude
[08:55] {ese} dude vad les
[08:56] {Threei} not really interested in SAAB...
[08:56] {Les} after seeing toyota yesterday, I need to reappraise what butt kicking means to a stock
[08:56] {Les} was thinking of you and SAAB
[08:56] {Threei} were you around when BSC went under Les?
[08:57] {Les} no
[08:57] {Threei} I had a good fortune to issue a short call at 40
[08:57] {dino} gm all
[08:57] {nemo} some of the dot.bomb stocks...omfg
[08:57] {Threei} (I think it was 40)
[08:57] {Threei} dino :)
[08:57] {Les} hi dino
[08:57] {Threei} it dropped to under 20 if I remember corrected in the next 2 minutes
[08:57] {Les} kaching
[08:57] {strider} Didn't know you did options, vad.
[08:57] {Threei} someone commented "I never made so much money that quickly on 100 shares"
[08:58] {ese} dino
[08:58] {Threei} wasn't options
[08:58] {Threei} I meant call to short it
[08:58] {strider} oh...gotcha.
[08:58] {Les} ok. I'll save "butt kicking" for such events
[08:59] {Les} was thinking of you and SAAB cause FBI got involved
[08:59] {Les} apparently Spyker was partly owned by Russian billionaire with ties to mafia
[08:59] {Threei} my oreferred result would be to get a few thou kicked diown on my favorite Murano
[09:00] {Threei} alternatively, latest iteration of RAV4 looks not bad in its top line configuration... but a bit too... ummm... pedestrian
[09:01] {Les} never like that one. Why not Honda 4x4?
[09:01] {Threei} don't see a model in their lineup that I like
[09:01] {Threei} Pilot is too big
[09:01] {Threei} CRV is too rigid
[09:01] {Les} yeh the CRV
[09:01] {Threei} Crosstour is too low
[09:02] {Threei} sits too close tio the ground I mean
[09:03] {Threei} I disliked RAV's previous versions, they were on a smallish side... latest one is good size
[09:04] {nemo} girl's car
[09:04] {Threei} RAV??
[09:04] {ese} Landrover vad......very distictive
[09:04] {Threei} lol
[09:04] {ese} distinctive
[09:04] {nemo} mechanical nightmares
[09:05] {Les} yeh I hear landrovers are expensive to maintain
[09:05] {Les} but we used to thrash the defender series out in the bush. good truck
[09:05] {ese} ya they can be nemo especially the ones produced by Ford
[09:06] {strider} My next car will probably be a Ford Escape.
[09:07] {strider} My next motorcycle may be a mini-Cooper.
[09:07] {dino} ma bit of blood
[09:08] {dino} get a real suv vad, dodge durango
[09:08] {Threei} hehe
[09:09] {strider} I got one of those, nemo....a '99, 5.9 liter.
[09:09] {dino} the name alone says get out of the way
[09:09] {dino} me too strider
[09:09] {Threei} no kidding
[09:09] {dino} '06
[09:09] {strider} mine's been a good car. Needs a rear main seal right now......may have the tranny rebuilt while it's out.
[09:10] {strider} 130k miles.
[09:11] {Les} you guys are nuts. We own one of these -
[09:11] {dino} i like them
[09:11] {strider} I pull a 7 x 14 box trailer with mine sometimes...7-8000 lbs no problem.
[09:12] {Threei} I'd have to exhale to squeeze into it Les {G}
[09:12] {strider} damn frenchies.
[09:12] {dino} i pull lawnmowers and 4 wheelers, same no issues on power
[09:12] {nemo} makes a nice door stop les
[09:13] {dino} only comp0laint, had to buy tires in december, wow $150 ea.
[09:13] {billyc} gm all
[09:13] {strider} I'd like to have a Ford Excursion diesel, but kind of hard to find anymore.
[09:13] {Threei} AMSC Wunderlich Securities Initiates AMSC with Buy, price target: $50
[09:13] {Threei} billy :)
[09:13] {strider} or is it the expedition?
[09:14] {strider} I get the names confused.
[09:14] {dino} watching ads, amsc, cacc, ioc, ma
[09:14] {Threei} Wunderlich Securities is obviously as puzzled about AMSC as we aree
[09:14] {nemo} spy an qS look poised for a rop
[09:15] {nemo} drop
[09:15] {dino} so is dino research
[09:15] {nemo} watched "Defiance" last night...good movie
[09:15] {Threei} so is Threei - Thinkless-Tank
[09:16] {Threei} aka as TTT
[09:16] {strider} vad, would you take a look at CELM. Holding overnight from 4.67. Should I put out an offer now, or wait till after open......based on uptrend yesterday.
[09:16] {strider} Or maybe just hang on and see how the day goes for it.
[09:16] {strider} It's an IPO...this is the first interest in it.
[09:16] {Threei} I don't see any news on it
[09:17] {larisa} gm all :)
[09:17] {Threei} larisa :)
[09:17] {Threei} no idea strider, sorry
[09:17] {Threei} it has no history, no chart, no news
[09:17] {Threei} it can do anything
[09:17] {strider} yep.
[09:17] {Threei} I just have nothing to go of
[09:18] {strider} information...much overrated.
[09:18] {Threei} it is... but in absence of it we at least have charts
[09:18] {Threei} and there is no even that on this one
[09:19] {Threei} larisa, my apologoes but:
[09:19] {Threei} guess who is on tv
[09:20] {larisa} at least before you did not ask me personally :)
[09:20] {Threei} no, question is still to general population
[09:20] {Threei} aplogies are to you personally
[09:20] {strider} sell 1/2 at 5.11.
[09:21] {Les} Natalie Imbruglio
[09:21] {Threei} and hey, you can see how this word goes against my nature
[09:21] {Threei} can't spell it right twice in a row
[09:22] {dino} fsys?
[09:22] {Les} damn Larisa, you killed this game!
[09:22] {Les} no one answers...
[09:23] {Les} and good morning :)
[09:23] {Threei} upgrade with 44 target dino
[09:23] {strider} OK. I'll guess. William of Ockham?
[09:23] {Threei} I like Les's choice more
[09:24] {lasertrev} gm
[09:24] {Threei} trev :)
[09:24] {strider} yeah, vad, but concise is nice.
[09:25] {Threei} TM lost support at .30
[09:25] {strider} Anyway, would prefer Natalie Portman.
[09:25] {Threei} weant to watch AMSC more close today
[09:26] {dino} me too
[09:26] {Threei} yesterday's spike near close shows that selers are not that confident anymore, and buyers have their chance
[09:27] {Threei} at some point this nonsense will be over, and run-up will be impressive
[09:28] {dino} gap 33.22
[09:28] {dino} filled yesterday
[09:30] {dino} fsys something up
[09:31] {dino} heck of a gap open
[09:31] {Threei} Short Setup: WFC .90 break
[09:31] {Threei} if stays under 28
[09:31] {nemo} amsc at support
[09:33] {Threei} TM NHTSA (US auto regulator) to open formal investigation of Toyota Prius brake issue
[09:35] {Threei} CYTX Strength attributed to media report of positive study results for Cytoi stem cell therapy
[09:35] {Threei} Long Setup: BCRX .60 break
[09:37] {Threei} WFC no worky
[09:37] {dino} cacc bit wide
[09:37] {Threei} CYCC Roth Capital Initiates CYCC with Buy, price target: $7
[09:37] {Threei} that's some target
[09:38] {Threei} ese, could be your type of stock
[09:38] {ese} in and out brcm .40 / .49 +.09
[09:38] {ese} sorry vad which one
[09:38] {ese} cycc
[09:38] {Threei} yeah
[09:39] {ese} was concentrating on brcm
[09:39] {ese} will have a look
[09:40] {ese} yup
[09:40] {strider} stop brcm?
[09:40] {strider} .55?
[09:40] {Threei} (US) Preview: Dec Factory Orders due out at 10:00ET
[09:40] {Threei} **consensus expectation: 0.5%e v 1.1% prior
[09:40] {Threei} CNLG spike
[09:40] {ese} definitely my type
[09:42] {ese} stec stalking at .96
[09:42] {strider} what's your stop brcm, vad?
[09:42] {Threei} strider?
[09:42] {nemo} rimm verticle
[09:42] {Threei} I've never called BRCM
[09:42] {strider} bcrx
[09:42] {dino} amsc sm l .20
[09:42] {strider} sorry
[09:42] {Threei} oh
[09:42] {Threei} under .50
[09:42] {strider} a vad-ism
[09:44] {Les} small s TM .59
[09:44] {Les} out .26 +.30
[09:44] {Les} .29
[09:45] {Threei} wtg
[09:47] {ese} stec invalidated or me
[09:47] {dino} gj
[09:48] {Threei} TM looks like ready to lose 71
[09:49] {Threei} held this time
[09:50] {ese} l cycc .35
[09:50] {dino} ioc gap fill
[09:50] {nemo} bcrx looking short now
[09:53] {nemo} cat at major support
[09:54] {dino} ups sm l .90
[09:55] {dino} greece, portugal, spain, california, dominos
[09:56] {dino} could likely break the euro (cali excluded)
[09:56] {Les} CAT b/d?
[09:56] {Les} 52 or lod?
[09:57] {Threei} 52
[09:57] {Threei} BCRX stopped... 1 cent shy of 1:1
[09:58] {Les} s CAT .99
[09:58] {Les} half out .89
[09:58] {Threei} over 1:1 CAT
[09:59] {Les} letting other half ride a bit longer
[09:59] {Les} stop b/e
[10:00] {Threei} *(US) DEC FACTORY ORDERS: 1.0% V 0.5%E
[10:00] {Les} stopped
[10:01] {Les} AMSC 33 B/D?
[10:01] {Les} has it consolidated long enough?
[10:01] {Les} too late
[10:01] {Threei} yes but not really valid setup anyway
[10:02] {Les} yes I remember that a few ticks does not make consolidaton
[10:02] {Threei} and too sharp drop into support just before that
[10:02] {Les} ok
[10:03] {fernp} AFFX, any read Vad?
[10:03] {ese} out cycc stopped .29 -.06
[10:03] {Threei} not really fern
[10:04] {fernp} ty
[10:04] {Les} cat coming back down
[10:06] {dino} amsc stopped
[10:10] {Threei} TM, good news this time?
[10:12] {fernp} BCRX breakdown, Vad?
[10:12] {Threei} don't chase
[10:12] {Threei} .40 was
[10:13] {Threei} WFC justy had to stop us out before working, did it
[10:14] {nemo} .20 major support for fcx
[10:19] {dino} fcx gap fill
[10:20] {nemo} 10:14] {nemo} .20 major support for fcx
[10:20] {dino} sm l .50
[10:21] {dino} stop is .19
[10:23] {Threei} Long Setup: RIMM .55 if holding above ,45
[10:25] {Threei} what is it, one of those "why did I bother to wake up" days?
[10:25] {nemo} Eqzaktly
[10:29] {nemo} So, we've basically retraced the rally
[10:29] {Les} $ up
[10:31] {Threei} Long Setup: CAT 52 break
[10:31] {Threei} if stays above .90 for scalpers, .85 for day traders
[10:32] {Threei} 1:21 for scalpers
[10:32] {Les} ty
[10:32] {Threei} 1: 1 for daytraders
[10:34] {Threei} Toyota puts first estimate on the debacle: $2 B
[10:34] {nemo} going long is torture today
[10:39] {Threei} looking at daily,
[10:39] {Threei} we retraced the rally, but is it double bottom or further breakdown?
[10:40] {Threei} part of the clue will be in today's close and volume
[10:40] {nemo} your the one with the 3rd eye
[10:40] {Les} TM looks like it wants to go long
[10:40] {ese} l affx .26
[10:40] {Threei} used to bem until Larisa beat me up for another not funny joke
[10:41] {nemo} not the one-eye?
[10:41] {Threei} no, just back to norm
[10:41] {ese} out 1/2 .33 +.07
[10:42] {dino} ads sm l .25
[10:43] {Les} l CAT .12. stop 52
[10:43] {Les} AMSC returning to lod
[10:44] {ese} out in full .36
[10:47] {fernp} HIG breakdown, Vad?
[10:47] {Threei} I think so
[10:48] {Threei} .65 resistance to [lace stop above
[10:48] {Les} amsc lod b/d
[10:50] {dino} outy fcx .25, +.75
[10:50] {larisa} gj
[10:50] {dino} ty
[10:51] {Threei} HIG if triggers, should be capable of more than scalp with any market help
[10:52] {Threei} nothing but air for good 40-50 cents under
[10:52] {fernp} ok
[10:52] {Threei} Short Setup: WFC .47 break
[10:54] {Threei} cover half under .40
[10:54] {Threei} scalpers be happy
[10:55] {fernp} out HIG ty Vad
[10:55] {fernp} missed WFC
[10:57] {Les} out CAT +.12
[10:58] {nemo} pulling teeth day
[10:58] {Threei} who promised evcery day would be easy?
[10:59] {Threei} die WFC
[10:59] {Threei} 1"2
[10:59] {Threei} cover 1/3 more
[10:59] {Threei} ok, three wins in a row make it easier to breathe
[11:01] {Threei} stop to .45 for the last piece
[11:03] {fernp} watching QQQQ 43 breakdown
[11:03] {Threei} premier of one of Canadian provinces has his heart surgery today - in the USA
[11:03] {nemo} yeah, saw thaat a couple of days ago
[11:03] {Threei} opponents of health care bill applaud
[11:04] {dino} too long of a wait in canada
[11:05] {Threei} adustment on WFC:
[11:05] {nemo} stop hig
[11:05] {Threei} stop to abobe .40,
[11:05] {Threei} and possible long entry .41 if holding above .35
[11:05] {Threei} nemo... say what?
[11:06] {Threei} HIG hit 1:1
[11:06] {nemo} oh well
[11:06] {nemo} ba teeth day
[11:06] {Threei} you may decide not to take profit there, but how come stop is not trailed?
[11:07] {nemo} read wrong
[11:07] {Threei} WFC 1:1 on long side
[11:07] {Threei} that's 4th one, and the one that puts me at flat for the day
[11:08] {nemo} yeah, I'm flat too
[11:10] {Les} nice to hear that. me too
[11:10] {Les} see. I can keep up with Nemo if I really, really, really trie
[11:10] {Les} try
[11:10] {strider} I'm sort of concave
[11:11] {Threei} great... now I have to fight myself, with all the remarks about bar set so low and other nasty stuff...
[11:11] {Les} hehe. taxi time, back later
[11:11] {nemo} what...?
[11:11] {nemo} Hey dino Pennsylvania debating bankruptcy
[11:12] {Threei} dunno... I guess Les is telling us he trades from the cab he drives, buying and selling while traffic light is red
[11:14] {dino} not pa
[11:15] {strider} NY AG Cuomo brings Martin Act charges against Bank of America ex-CEO, CFO
[11:15] {strider} Reported by CNBC
[11:15] {nemo} Harrisberg, sorry
[11:15] {dino} philadelphia maybe
[11:16] {dino} if the ease up on the natural gas drilling, pa could become the next texas
[11:16] {dino} marcellus shale, biggest find to date
[11:17] {nemo} yep
[11:17] {nemo} I love how the unions won't give in on anything anywhere...just raise taxes and pay them
[11:18] {fernp} QID
[11:20] {Threei} Reportedly draft Senate bill proposes retroactive 50% tax on 2009 bonuses above $400K at financial firms that got bail out money (related XLF )
[11:20] {Threei} retroactive tax... is there any law left in this country?
[11:20] {Threei} is it me or quotes down?
[11:21] {nemo} they always pass retroactive taxes
[11:21] {strider} I'm OK here
[11:21] {nemo} I've got to reboot, LASER STB'd on me an I can't get it running again
[11:22] {nemo} oh, finally came back
[11:22] {Threei} yes, mine too
[11:23] {nemo} should we lynch trev?
[11:25] {Threei} I vote yes - just because since when do we need a reason for that?
[11:25] {nemo} true...but is he up in canada too?
[11:25] {nemo} LASER STB again
[11:25] {Threei} yes
[11:26] {nemo} makes perfect sense the way this day is going
[11:26] {Threei} lol
[11:26] {dino} i believe w/amt, they already pay about 40%
[11:26] {Threei} come on, nemo, we just dug ourselves out of the hole, why not be thankful we can't dig a new one
[11:27] {fernp} QID any read, Vad?
[11:27] {Threei} that being said,
06[11:27] * Threei slaps lasertrev around a bit with a large case of executor being out
[11:27] {nemo} Trev...Did Vad tell you about trev about my DISGRUNTLED POSTAL WORKER FANTASY LIST?
[11:27] {strider} hey trev I need you quick..dcc
[11:27] {nemo} I might as well start cleaning my guns!
[11:27] {Threei} fern, looks worth a try but my quotes are off
[11:28] {fernp} ok, mine are fine
[11:28] {nemo} that's putting it mildly
[11:28] {larisa} anybody need quotes?
[11:29] {fernp} quoteserver 15 is working here, fwiw
[11:30] {larisa} I can not even connect to laser
[11:30] {Threei} right
[11:30] {strider} I can't either. Just had to call trev to get me out of 2 positions.
[11:30] {Threei} quotes that were open before executor lost connection work
[11:30] {Threei} but can't switch to any other
[11:30] {strider} that's why I didn
[11:30] {strider} t kjnow it sooner.
[11:31] {dino} anyone needs quotes, give me symbol
[11:31] {strider} I've got another feed....
[11:31] {fernp} quotes are wooking here fine
[11:32] {strider} al-quaeda did it.
[11:32] {fernp} watchig DELL, MSFT, AAPL, MON, FEED
[11:32] {fernp} works fine
[11:37] {Threei} judging by SPY that I still can see, QID starts woprking fern?
[11:37] {strider} indeed. Both my trades were working.
[11:38] {nemo} you got Bohica'd
[11:38] {strider} don't know my status. Trev is going to call me back.
[11:38] {Threei} oh guys, relax, will ya
[11:38] {Threei} how often does it happen?
[11:38] {nemo} I have no alcohol
[11:39] {fernp} Qs broke 43
[11:39] {dino} big mistake
[11:39] {Threei} lol
[11:39] {nemo} I'm going to have a tantru
[11:39] {nemo} tantrum
[11:39] {fernp} my 1:1 is here
[11:39] {Threei} wtg
[11:40] {nemo} thanks for rubbbing it in fern
[11:40] {fernp} sorry guys, but here everything works fine
[11:40] {Threei} europians cvould be on different server farm
[11:41] {fernp} yeah, remote accounts are different
[11:41] {nemo} I'm in
[11:42] {nemo} now that's interesting, only my "X" account vad
[11:42] {fernp} nemo thanks for rubbbing it in fern
[11:42] {Threei} ssme here
[11:42] {strider} Just came back up...............
[11:42] {fernp} i like it, nemo, i like it lol
[11:42] {strider} closed out both for a profit.
[11:42] {Threei} so things are not that bad
[11:43] {nemo} so...fern has a little edge to that gentlemanly demeanor
[11:43] {strider} it was taking quite awhile to close them out.
[11:44] {nemo} fcx near lows
[11:48] {Threei} TM bounced into resistance
[11:48] {Threei} if trendline holds, should drop from here
[11:49] {Threei} with it's colstility nailing exact entries is rarely possible
[11:49] {Threei} .55 was resiastnce for stopp placement, entry was a bit fuzzy
[11:49] {dino} qcom sm l .55
[11:49] {nemo} wow...original
[11:50] {dino} stop lod
[11:50] {Threei} colstility?
[11:50] {Threei} that was supposwed to be volatility
[11:51] {nemo} yeah...I figured...but that was one of your better (worse) ones
[11:51] {Threei} lol
[11:51] {Threei} I am striving for excellence
[11:51] {Threei} and new achievements
[11:51] {nemo} confusion is not a worthy achievement
[11:52] {Threei} who says I am confused
[11:52] {Threei} I am not even lost, except on Tusdays
[11:52] {nemo} it's what you create among the minion
[11:53] {Threei} ok
[11:53] {Threei} Short Setup: TM .40 break
[11:53] {Threei} if stays below .55
[11:54] {Threei} half lot please
[11:57] {Threei} that .41 bid will decide the fate if this trade
[11:57] {Threei} if taken, should drop like a stone
[11:58] {Threei} come on sellers, give IBSS all he wants
[12:01] {Threei} alternatively, may we get some govt opfficial saying "no morwe totyota in this country"?
[12:01] {Threei} he can retract it 45 minutes later
[12:01] {Threei} 4-5 min
[12:01] {nemo} Toyota employs alot of americans
[12:01] {dino} out ads .65, +.40
[12:01] {Threei} should be enough for usa to get 5 bucks
[12:02] {Threei} hey, yesterday's suggestion to stop driving them was no less idiotic
[12:02] {Threei} did it stop them?
[12:02] {nemo} that's it
[12:02] {Threei} oh well
[12:02] {fernp} no go
[12:02] {nemo} whoa, maybe not
[12:02] {Threei} Market Internals update at 12:00pmET
[12:02] {Threei} - NYSE volume 535M shares, about 22% above its three-month average; decliners lead advancers by 12.7:1.
[12:02] {Threei} - NASDAQ volume 1.27B shares, about 38% above its three-month average; decliners lead advancers by 5.1:1.
[12:02] {Threei} - VIX index +15.25% to just under 25.00
[12:03] {nemo} did you actually mean No "Les" idiotic?
[12:04] {Threei} Les, feel free to slap him silly
[12:04] {dino} but les is more
[12:05] {nemo} More idiotic Dino?
[12:05] {strider} Question, vad. After entry on TM, a really nice ascending triangle developed. Do you ever exit the position because the chart start looking like a fade of your position?
[12:05] {nemo} sure strider...he's tightened stops and scratched positions before
[12:05] {Threei} I may, but in this case volume did not confirm the bullish formation
[12:06] {Threei} it was mostly about that bidder
[12:06] {strider} k
[12:14] {Threei} EU) EuroGroup's Juncker: Spain and Portugal are not a risk to the EuroZone; not expecting a public statement on FX
[12:14] {Threei} hmm
[12:14] {nemo} TM could have trouble between here and 85
[12:14] {nemo} .85
[12:15] {dino} sounds familiar, remembering back when c, bs, etc were not at risk
[12:15] {Threei} exactly my point dino
[12:15] {Threei} providing "hmmm" makes a point :)
[12:16] {Threei} when they start denying without being asked directly...
[12:19] {dino} few days ago greece was not in trouble
[12:19] {nemo} wasn't the mortgage crisis contained?
[12:19] {Threei} US Energy Sec Chu: Treasury energy grants should be extended (related USO UNH GRID FAN TAN )
[12:23] {nemo} looking at tm for possible short on pull back to 85 area
[12:23] {nemo} .85
[12:32] {nemo} resistance area of .85 on amsc
[12:33] {Threei} I asm a bit at loss about it
[12:33] {nemo} loss about what?
[12:33] {Threei} situation with TM
[12:33] {Threei} see,
[12:33] {nemo} oh, yeah, I mean't tm
[12:33] {nemo} duh
[12:33] {Threei} everything I hear about events development indicates its troubles as as far from over as my dancing skills from Bolshoi balerina
[12:34] {nemo} sorry...went over my head
[12:34] {Threei} and all my experience with this kind of drops tells me,
[12:34] {dino} it just may take time to fall 3i
[12:34] {Threei} this has a lot of room to downside
[12:35] {Threei} it's ok nemo, read couple times
[12:35] {nemo} o.. short .75 break .85 stop, half lot?
[12:36] {strider} nemo, what is o..?
[12:36] {nemo} o.k. sorry TM
[12:36] {Threei} what I am driving at is:
[12:36] {Threei} evferything in me says it will drop and drop and drop
[12:36] {nemo} no pun intended over toyota?
[12:37] {nemo} it is hugging the 200 ma
[12:37] {Threei} and we will see it so low, today's prices will seem like heaven for it
[12:37] {Threei} but I don't see cleasn short setup right now,
[12:37] {Threei} and its volatility and this neverending stream of news makes it very hard to stick woth position
[12:38] {dino} there are better worlds
[12:38] {Threei} I guess
[12:47] {Threei} AMSC, so far todays volume is way down vs those twqo days of selling
[12:48] {Threei} just making observations for the future
[12:50] {dino} watching it too
[12:50] {dino} feels like b-day print coming on dji, been awhile
[12:52] {dino} watching, ads, amsc, cagc, crm, gld (strange w/sovereign risk issues), ma
[12:53] {Les} 18:04 Threei Les, feel free to slap him silly
[12:53] {Les} ? I'm listening
[12:54] {Threei} he made a remark just prior to that
[12:55] {Les} MS .76 b/d?
[12:55] {Threei} totally
[12:58] {Les} cat b/d
[12:58] {Les} large stop
[12:59] {Threei} White House Press Sec Gibbs: May see a revision in monthly data on unemployment that may show jobs growth worse than previously thought
[12:59] {nemo} cat back to support
[12:59] {nemo} May?
[12:59] {nemo} May?
[12:59] {nemo} MORON
[13:00] {Threei} { morons} what did we ever do to you that you find it necessary to insult us like this?
[13:00] {Les} hehe smart enough to admit it but nothing more
[13:00] {nemo} fcx testing lows
[13:00] {Threei} - Note: Gibbs likely referring to the scheduled benchmark revisions due out with tommorow's Nonfarm payrolls
[13:00] {Threei} - US must determine how to create economic and jobs growth that is not dependent on easy credit
[13:01] {Threei} excuse me... WHAT??
[13:01] {Les} lol
[13:01] {nemo} so,
[13:01] {nemo} MORON
[13:01] {Threei} that's all this administration tried and continues trying to do, job wise
[13:01] {Threei} including latest suggestions
[13:01] {Les} It's rather monty python isn't it
[13:02] {nemo} There's a penguin on the telly?
[13:02] {Threei} TM To recall Prius in Japan and the US - Nikkei
[13:02] {Threei} mama
[13:03] {Threei} told you... this is neverending stream of bad news, mounting each other
[13:04] {Threei} ***Note: 2/4 NHTSA (US auto regulator) to open formal investigation of Toyota Prius brake issue.
[13:04] {Threei} how is it not in 60s yet??
[13:04] {nemo} wow..loook at gold
[13:05] {Threei} good
[13:05] {Threei} oil too
[13:08] {Threei} ccrrrrrap
[13:08] {Threei} just as I started typing "let's try double top on TM"
[13:13] {Les} ms
[13:16] {Threei} dealership owner asked about impact on their sales answers:
[13:16] {Threei} They'll come back
[13:18] {Threei} NY Fed Pres Dudley: Chance of relapse into another recession is 'low'; concerned about strength of recovery - interview comments
[13:18] {fernp} 15:05 EDT Toyota will start examining SAI Lexus HS250H vehicles, Bloomberg reports citing the Nikkei. :theflyon
[13:19] {fernp} lexus (a toyota filial) also having problems
[13:19] {Threei} oh boy
[13:19] {Threei} it's like a wasp nest
[13:19] {Threei} just touch it
[13:20] {patience} interesting how toyota is becoming catalyst for market vomit reaction
[13:20] {Les} Wouldn't surprise me to see this cost cutting CEO commit suicide before this is over
[13:20] {patience} sadly you are more than likely accurate in your prediction
[13:21] {Les} that's a lot of shame heaping on him
[13:21] {Threei} Reportedly EU document prepared for G7 meeting says EU will urge US and China to lead the rebalancing of the global economy
[13:21] {patience} if i were ceo at another car company, i would be calling all of my subordinate managers saying tell me all the shit i don't know about
[13:21] {Threei} hmmm?
[13:22] {patience} sorry, shouldn't swear
[13:22] {Threei} how do US and China rebalance world economy?
[13:22] {Les} well EU doesn't want to spend on stimulus
[13:22] {Les} so it asks you guys to spend more
[13:22] {Threei} this is what I am thinking now patience
[13:22] {Les} TM b/d
[13:23] {Threei} if so many dark things could hide for so long under the Toyopta bed,
[13:23] {Threei} what do we discover if look closer under the beds next to it?
[13:23] {Threei} Document raises concern that current Chinese currency policy could lead to large renewed global imbalances
[13:25] {Threei} TM}}}
[13:25] {dino} patience, w/respect, tm is not influencing the market imo. only its' own stock
[13:25] {Threei} 72 break is obvious short trigger
[13:25] {Threei} how well obvious can work on it, is whole separate issue
[13:26] {nemo} I agree with Patience...this would actually be seen as good for US auto unions
[13:27] {dino} what does that have to do w/anything else?
[13:27] {Threei} I agree dino, market drops independtly of Toyota
[13:28] {dino} my gut feel is govt debt default worries are scaring people the way leh, bear, banks ect did
[13:28] {dino} eerily similar
[13:29] {dino} i see the harrisburg, pa default issue now, our state capital, idiots
[13:29] {dino} philadelphia next.
[13:30] {dino} then california, etc. the domino effect is the worries right now
[13:34] {ese} damn......i'm suppose to be 1/2 time this year at school yet i'm the phone constantly.....well whats happennin
[13:35] {ese} on the
[13:35] {dino} blood
[13:35] {dino} pot
[13:36] {Les} hmm I'm sure analysts raised prospects for POT recently
[13:36] {Les} MOS .50 b/d?
[13:36] {nemo} low is .45
[13:37] {Les} she'll be right mate
[13:37] {nemo} I've got another at critical level
[13:37] {nemo} probably going to climb here
[13:37] {nemo} try to regain support
[13:37] {Les} i'll go long if need be
[13:40] {dino} 2:00 ish
[13:40] {strider} I may be gone for a few days......see ya when I see ya.
[13:40] {strider} stuff to do.
[13:40] {dino} take care
[13:40] {Les} ciao strider. don't kill any children with the truck
[13:41] {Threei} take care strider
[13:41] {strider} don't have a truck.
[13:41] {Les} s mos .49
[13:41] {fernp} bye st
[13:41] {Les} and out
[13:41] {strider} thx. Also need to take a break from trading. I'm getting in a bad place...........need to recoup.
[13:41] {Les} ow crap
[13:43] {dino} we all go thru it strider
[13:43] {Les} sure thing
[13:43] {dino} gxdx
[13:44] {nemo} amsc coming to support again
[13:50] {dino} gxdx sm s .74
[13:51] {dino} stopped -.36
[13:51] {nemo} that hurt a little
[13:51] {Les} thanks Nemo. a quick and heavy scalp of amsc bounce
[13:51] {dino} thats a wtf
[13:51] {nemo} yw
[13:52] {nemo} short again now
[13:52] {Les} MOS
[13:56] {Les} stopped out on MOS damn. someone say like pulling teeth?
[13:56] {nemo} yeah
[13:56] {nemo} there you go dino
[13:57] {dino} rinsed gxdx
[13:57] {nemo} stop above .80
[13:59] {Les} tighter bounces on the q's make me wait n see. Might pass as Nemo called it
[13:59] {nemo} pass on what les?
[14:01] {nemo} SOGOTP time for gxdx
[14:03] {nemo} amzn coming into support
[14:03] {Les} trades
[14:03] {ese} i'm outa here....see ya days gone
[14:03] {Les} wait for some clarification. I always lose more trades than gained 2nd half of session
[14:03] {Les} ciao ese
[14:04] {dino} crm sm l .25
[14:04] {dino} cya es
[14:04] {fernp} bye ese
[14:04] {Les} AMSC nice descending triangle. could be a nice trade either way
[14:05] {nemo} that's helpful
[14:05] {Les} :P
[14:05] {nemo} Makes me think of the scarecrow when Dorothy asked which way they went
[14:07] {fernp} maybe QID for a fast scalp if breaks .50
[14:08] {nemo} currently looks weak to me
[14:11] {Threei} TM really p*sses me off
[14:12] {nemo} everything is dribs and drabs right now
[14:12] {Les} gone random?
[14:12] {nemo} mos inverted C&H
[14:14] {Threei} just feel so confient about it being a short and for the world of me can't find entry
[14:15] {nemo} out mos +.10
[14:19] {dino} 2:20 up
[14:20] {Threei} daily does not look good for bulls at all
[14:20] {nemo} no new lows today
[14:20] {dino} 2:20 area has been contra time
[14:21] {Threei} I am talking about market overall
[14:21] {dino} agree overall, contra move for 20-45 min, then down
[14:25] {nemo} Qs an SPY at 200 ma
[14:27] {nemo} triple top rimm?
[14:28] {Threei} SPY on daily: double bottom so far, second bottom is a bit lower, volume on it is a bit higher
[14:28] {Threei} I'd say, we are headed lower
[14:29] {Threei} can't read squat on RIMM
[14:29] {nemo} was a triple top
[14:29] {nemo} fighting horizontal resistance the 200 also
[14:34] {Les} GS rallying hard.
[14:34] {Threei} Short Setup: VXX .50 break if sttays .60
[14:37] {nemo} they're trying to get spy to 107.50
[14:37] {Threei} which should make VXX work
[14:37] {nemo} yes
[14:37] {nemo} I've got to leave at 3:00 gonna be interesting
[14:40] {Threei} Toyota Motor Corp Statement regarding Prius brake issue
[14:40] {Threei} - Toyota is aware that NHTSA has opened a Preliminary Evaluation centered on owner complaints of a braking issue with the 2010 model year Prius. Toyota will cooperate fully with NHTSA's investigation
[14:41] {Threei} does it really have options?
[14:41] {Threei} not to cooperate? as in "we won't show you our Prius"?
[14:43] {Threei} sigh
[14:43] {dino} hmmm 20 min. only
[14:44] {Les} CAT lod
[14:46] {Les} Vad, just bought Koppel's Intuitive trader. Noticed it on your list of things to read
[14:47] {Threei} wy buy everything in sight
[14:47] {nemo} forming inverted C&H pehpas .50 would be trigger, but depends on how it gets there
[14:47] {fernp} great book, Les
[14:47] {Threei} get it in the library, read once, decide if you want it on your shelf
[14:47] {Les} pffffffff
[14:47] {Les} your a foreigner in your country
[14:47] {Les} so am I
[14:47] {nemo} you'd be a foreigner in Oz
[14:48] {Les} :)
[14:48] {Threei} I am foreigner everywhere
[14:48] {Threei} stranger in a strange land
[14:48] {Les} we have small but very competent library in our village
[14:48] {nemo} Les probably a frickin' alien
[14:48] {Les} but not for english speaker
[14:48] {Les} belt up nemo
[14:49] {nemo} always
[14:49] {dino} and i am a legend in my own mind
[14:49] {Threei} libraries here can order anything for you, if they don't have it
[14:49] {Les} you are well endowed with public service
[14:49] {Threei} don't know if thats the case in your neck of the woods
[14:49] {Les} me no
[14:49] {Les} the imbeciles running this village don't put much stock in cultural activities like reading
[14:49] {nemo} 2nd leg up coming
[14:50] {Threei} so, let's reshort VXX if triggers again?
[14:50] {Les} TM 72 break?
[14:50] {nemo} or rimm, fcx long
[14:51] {dino} out crm .70
[14:51] {dino} +.45
[14:52] {Les} Got MPP delivered today as well ty
[14:53] {Threei} that's fast
[14:53] {Threei} I really don't know what to do with TM
[14:53] {Threei} IMO, this is $30 stock
[14:53] {Threei} at best
[14:54] {Les} stop that, you're making me sweat
[14:54] {Threei} but then again, there are brokerages that think AMSC is $50 stock
[14:54] {dino} wow vad. it's just a recall, happens all the time. a beer says it doesn't touch 65
[14:54] {Threei} and look how well it works for them
[14:55] {Threei} I don't see it as just a recall dino...
[14:55] {Threei} in my view it's much more than that
[14:55] {dino} guess not
[14:55] {Threei} it's a perfect storm
[14:55] {Les} I think they've got design and structural issues dino
[14:55] {nemo} out rimm +.10
[14:55] {dino} was 92 when this started
[14:55] {dino} gj nemo
[14:56] {Threei} their cars were never bought because they were cool or sexy,
[14:56] {nemo} gotta' go
[14:56] {Les} well not structural, but design issues
[14:56] {dino} cya nemo
[14:56] {Threei} they were embodiment of rekiability
[14:56] {Les} ciao nemo
[14:56] {Threei} these issues hit them in their very core
[14:56] {nemo} that was a fun day of periodontal work
[14:56] {dino} well, anything can happen, but i think 65 ois floor
[14:56] {nemo} only Bear is happy with me today
[14:57] {Threei} and it happens at the mnoment when their political enemies are mortivated more than ever to do all they can to kill them
[14:57] {Les} and consumer is tapped out as well
[14:57] {Threei} look how these things get blown out of proportion
[14:57] {Threei} by some statments you'd think Toyota cars are death traps
[14:59] {nemo} I gotta go but rimm weak lower high
[14:59] {Threei} oh just go
[15:00] {nemo} I'll be late tomorrow.
[15:00] {Les} so would you risk overnight holds on TM?
[15:00] {Threei} nope
[15:01] {Threei} risk is simply too high
[15:01] {Les} ok, so its going to be on our watch list every day
[15:01] {dino} imo, autos = price issue]
[15:01] {dino} brb
[15:02] {nemo} that was a .15 drop in I'm gone
[15:02] {Les} 200 and 50 ma glued together and spy has fallen below them
[15:03] {Les} s TM .90. stop 72
[15:04] {Threei} wow
[15:04] {Threei} not available for short anymore
[15:04] {Les} out +.10
[15:05] {Les} become trader's preferred toy eh?
[15:05] {Threei} I guess
[15:05] {Threei} they come and go in and out of fashion
[15:05] {Les} funny that Magoo is not here to play
[15:05] {Threei} ugh
[15:08] {Les} s TM .79
[15:09] {Les} out +.15
[15:10] {Les} sigh. back to flat again
[15:10] {Threei} lol
[15:10] {Les} any decent trades while i was out?
[15:10] {Threei} consider it practice day
[15:10] {Les} it is good practice
[15:10] {Threei} I don't remember at what point you went away
[15:11] {Les} and I understand from Larisa now that day's like this the effort is just not to lose money
[15:11] {Threei} we had 4 winning ones in a row which took us to flat for the day, then two small stops
[15:11] {Les} yeh I left when you made it flat
[15:11] {Threei} then you haven't missed anything
[15:11] {Threei} asdide from nemo trying to pick a fight with you
[15:12] {Threei} but you can always take your rebenge tomorrow
[15:12] {Threei} revenge too
[15:16] {Les} yes always another day
[15:17] {Threei} view today this way:
[15:17] {Threei} shaky start,
[15:18] {Threei} often setting traders up for revenge trading which digs deeper and deeper hole,
[15:18] {Threei} instead of falling into that trap, we retreated, re-grouped
[15:18] {fernp} trying 21 break on FAZ
[15:18] {Threei} and fought all the way back in a disciplined calm fashion.
[15:18] {fernp} stop under .90 small shares
[15:19] {Threei} This skill in and of itself costs a lot
[15:19] {Threei} if we practiced in it today and succeeded - fine
[15:19] {fernp} 1:1
[15:19] {Les} sure agreed
[15:19] {Threei} and now fern proceeds to make money, which is totally disgusting
[15:19] {Les} I have an appreciation for potentials of daytrading, if not yet to enjoy lucrative salary entitlements and perks
[15:20] {dino} gj fern
[15:20] {patience} what perks
[15:20] {fernp} ty
[15:20] {dino} ok larisa your break of 10k in swight
[15:20] {dino} sight
[15:20] {Les} why, : working with you patience :)
[15:21] {Les} This self deprecating style of work communication is most enjoyable
[15:22] {larisa} i told you dino 4 days ago we will break it :)
[15:22] {dino} you may be right
[15:22] {larisa} today for sure!! :)
[15:22] {larisa} lol
[15:22] {patience} ok, les, we'll let yo on the island :)
[15:23] {patience} you should have heard vad when he moved here
[15:23] {patience} he didn't want anymore to be allowed to move here
[15:23] {Les} anyone?
[15:23] {Threei} he'd have to go through nemo who doesn't let too many to make the shore
[15:24] {fernp} Good evening everybody. See you all tomorrow
[15:24] {dino} cya fern
[15:24] {Les} ciao fern. c u
[15:24] {Threei} but that's true... I was (and am) like "I am here, drwa the bridge!"
[15:24] {Threei} take care ferrn
[15:24] {Les} what's housing prices on your island?
[15:25] {Threei} second worst in the country
[15:25] {Threei} worst as in unaffordable
[15:25] {larisa} only daytraders can afford it :)
[15:25] {Les} typical or average price you can quote?
[15:25] {patience} prices still keep going up and demand keeps strong
[15:26] {Les} can't be worse than what we are living in now
[15:26] {Les} oh you canadians might have bubble to burst in real estate if I remember correctly
[15:26] {Threei} The average price for single family homes sold in Greater Victoria last month was $644,678 down from $651,316 in December.
[15:27] {Threei} The median price of single family homes sold rose to $595,000. The six-month average was $615,271.
[15:28] {Les} here 100 square metres (300ft) - $650'000+
[15:28] {larisa} wha interest you are paying on your mortgage in Canadaa these days, same as US?
[15:28] {Threei} I don't know US numbers
[15:28] {larisa} atound 5-6%
[15:28] {Threei} 5 years fixed is around 5.5% I think
[15:28] {patience} i just got 4.05 for 5 years
[15:29] {dino} les, 300 sq ft? you mean thousand right?
[15:29] {larisa} 300 sq meters
[15:29] {Les} we're talking about Europe man. 100 square metres
[15:30] {dino} 900 sq ft?
[15:30] {larisa} oh I see
[15:30] {Les} 300 square feet
[15:30] {Les} apartment
[15:30] {dino} thats smaller than my bedroom
[15:30] {Les} 200 square metre houses - 1 million +
[15:31] {Les} welcome to switzerland
[15:31] {dino} i'm in 2500sq ft house, about $350k
[15:31] {larisa} 100 sq meters = 1076 sq feet dino
[15:31] {Les} 800 sq. metres. wow
[15:31] {Les} does it?
[15:32] {Les} crap I can never remember conversion
[15:32] {Threei} lol
[15:32] {larisa} dino's house is 232 sq meters
[15:32] {dino} w/7 acres
[15:33] {larisa} nice :)
[15:33] {Les} larisa is right
[15:33] {dino} lucky
[15:34] {larisa} i had 3 acres, overlandscaped :) moved to half an acre and very happy :)
[15:34] {dino} understand i only mow 2 acres
[15:35] {Les} of course. 1 metre is 3.28. so 3.28 x 3.28 x 100
[15:35] {Threei} USGS reports earthquake offshore of Northern California; initial report is 6.0 magnitude
[15:35] {Threei} - USGS says no tsunami warning to be issued.
[15:35] {Threei} - Occurred 50 miles/80 Km southwest of Eureka,
[15:39] {Threei} 83% Blame Deficit on Politicians Unwillingness To Cut Spending
[15:44] {Les} CAT b/d?
[15:45] {Threei} can't tell
[15:45] {Threei} late bounce is just as possible
[15:45] {Threei} nothing rally-like, but vould be just enough to ruin short
[15:46] {Les} y
[15:46] {Threei} although my heart is still on downside
[15:46] {Threei} and bad job numbers tomorrow
[15:47] {Threei} which is likelt to send market down screaming, with strong bounce later in the day
[15:48] {dino} fsys gap- fill from nov.
[15:51] {dino} going to be one heck of a bad annual revision, expecting additional 800,000 to 1,000,000
[15:51] {Threei} no kidding
[15:51] {Threei} they dumpened effect though by pre-announcing it in a way
[15:52] {dino} and yet they still push heathcare, when nobody will have job to buy it
[15:52] {Threei} insignificsnt details
[15:52] {Les} what they give revised figures for last year tomorrow?
[15:53] {Threei} sounds like that Les
[15:53] {Threei} and forrecast looks far from rosey
[15:53] {dino} yes
[15:53] {Les} its disgusting to say
[15:53] {Les} but as trader I'm interested to see what happens
[15:53] {Threei} why disgusting
[15:54] {Threei} as fact of life it already happened
[15:54] {Les} well I didn't want to say that I am actually looking forward to market dropping like a bomb
[15:54] {Les} sounds inhumane
[15:54] {Threei} how you as a trader react is no different from how anyone in an y profession reacts - trying to adjust and find their place in it
[15:55] {larisa} they will surprise and say no unemployed :) DOW will open at 11K ..
[15:55] {Threei} haha
[15:55] {Les} lol why not?
[15:55] {Threei} also, there is no negative or positive connotation to market direction... it's misguided mindset
[15:55] {dino} get out your 9k hats
[15:55] {Threei} both are necessary
[15:55] {Les} true
[15:57] {Threei} as already quoted by me Master and Margarita says "yuo would rip out all the trees on Earth in your idiotic strive to eliminate shadows"
[15:57] {Les} wfc might bounce here
[15:57] {Les} don't know this quote
[15:58] {Threei} was a retort to someone who expressed his hatred to evil
[15:59] {billyc} gn all thank you
[15:59] {Threei} take care billy
[15:59] {Les} ciao billy
[15:59] {Threei} 6 [oints left
[15:59] {Threei} 4
[15:59] {Threei} 10K
[15:59] {Threei} broken
[15:59] {Threei} wtg Larisa
[16:00] {larisa} lol
[16:00] {Les} nice round number 9'999. night all
[16:00] {Threei} thank you all
[16:00] {larisa} bye
[16:00] {Threei} have a good evening, see you tomorrow
[16:01] {dino} dji -7.8%; ndx -8%; s/p -7.8% since highs 1/19/10

Wednesday, February 3, 2010

Feb 03 2010

Very strong day with a few trades here and there - and then a stellar one, long on TM with 10 cents risk and 60 cents realized win.

Session Time: Wed Feb 03 00:00:00 2010

[07:52] {Threei} 6:51:18 AM
[07:52] {Threei} Toyota Motor Corp Follow up: Japanese gov has ordered investigation into possible defects in braking system on the Prius - NYT
[07:52] {Threei} - Complaints have stated that the breaking system of 2009/10 model has momentarily failed on wet surfaces and at low speeds
[07:53] {Threei} reminds me an old Russian saying: disaster doesn't come alone
[07:53] {nemo} when sharks smell blood
[07:56] {Threei} SOLR went above 7 after hours, before retreating to 6.50
[07:57] {Threei} 4:15:21 PM
[07:57] {Threei} GT Solar International, Inc. Reports Q3 $0.25 v $0.15e, R $174M v $145Me; Raises FY10 Rev to upper range of prior guidance
[07:57] {Threei} - Guides FY10 EPS $0.52-0.60 v $0.51e, R $500-550 v $587Me (Guided FY10 $0.45-0.60, R$450-550M on 11/09)
[08:08] {nemo} y chart display's off again...quotes say things are lower, charts show them higher
[08:09] {Threei} which stock
[08:09] {nemo} spy qs fcx
[08:10] {Threei} all three are fine here...
[08:10] {nemo} have to have my meds adjusted I guess
[08:13] {strider} last trade FCX 72.07
[08:13] {Threei} 72.1 now
[08:13] {Threei} .15
[08:13] {nemo} quotes are fine, charts not
[08:13] {Threei} strange...
[08:13] {Threei} chart follows exactly
[08:14] {strider} maybe chart data takes a diff. route
[08:14] {nemo} not the spy says down .38 from yesterday, charts show gap from yesterday to today of +.80
[08:15] {strider} I've seen that before as well.
[08:15] {Threei} *(US) ADP JAN EMPLOYMENT CHANGE: -22K V -30KE (best reading since Mar 2008)
[08:15] {Threei} - Prior revised higher from -84K to K
[08:15] {Threei} - No revisions (related EUR/USD SPY TLT USO IYM GLD USD/JPY RTH )
[08:15] {nemo} They lost yesterday's data
[08:15] {strider} nobody's perfect.
[08:15] {Threei} ahhh
[08:15] {Threei} wait
06[08:15] * nemo slaps strider around a bit with a large volume of cliches
[08:16] {Threei} your chart shows right price, it's just the change from yesterday that is wrong?
[08:16] {nemo} correct
[08:16] {Threei} ok
[08:16] {nemo} lost yesterday's data
[08:16] {Threei} that is rather normal
[08:16] {nemo} well, I guess, if you define incest as normal
[08:16] {nemo} oh, sorry strider
[08:16] {Threei} it will restore itself, yesterday's c lose price gets updated at some other point in time
[08:17] {Threei} I thought your chart shows wrong price
[08:17] {nemo} no
[08:19] {Threei} OK, FCX
[08:20] {Threei} close is 72.51, right?
[08:20] {nemo} y
[08:20] {Threei} change -.31
[08:20] {nemo} y
[08:21] {Threei} SPY is correct too
[08:21] {nemo} quotes, yes
[08:21] {Threei} chart shows -.19 change
[08:21] {Threei} close 110.38
[08:21] {nemo} for the number in the top left, not the chart
[08:22] {Threei} yes
[08:22] {Threei} -.22 now
[08:22] {nemo} it's reporting the number correctly
[08:22] {Threei} trades at 110.18, change -.20
[08:22] {nemo} just don't have accurate visual representation to gauge support and resistance
[08:22] {Threei} everything is correct
[08:22] {Threei} chart and change
[08:23] {Threei} I don't see the divergence
[08:23] {nemo} I'll send it to you
[08:23] {Threei} please
[08:24] {nemo} no I won't can't cut it out without rebooting frickin' computer
[08:24] {Threei} huh?
[08:25] {nemo} the snipping tool on my computer won't work, so I can't cut it out without rebooting
[08:25] {Threei} oh boy
[08:25] {nemo} frickin vista
[08:25] {Threei} you may have more problems that your thought {G}
[08:25] {nemo} goes without saying
06[08:31] * strider slaps nemo around a bit with a large copy of VISTA is for DUMMIES.
[08:32] {nemo} just sent it
[08:40] {ese} good morning if anyones hangin
[08:40] {Threei} ese :Z)
[08:41] {nemo} dude
[08:41] {ese} zzzzzzzzzzz egzaktily
[08:41] {ese} dude
[08:41] {Threei} SOLR's trying
[08:41] {ese} yes...i'm still long .93
[08:41] {ese} sorry long jaso
[08:41] {Threei} 5.93?
[08:42] {Threei} oh
[08:42] {ese} 4.93
[08:45] {ese} am looking to go long cien after the opening dust's up another .14 now
[08:46] {ese} hopefully there will be an entry opportunity
[08:57] {Les} afternoon y'all
[08:57] {Threei} les :)
[08:57] {Les} MYGN smoking something cause its high as akite
[08:58] {dino} gm all
[08:58] {Threei} dino :)
[08:58] {nemo} dino
[08:58] {dino} :-)
[08:58] {Threei} Yesterday 16:06 MYGN Reports Q2 $0.36 v $0.34e, R$93M v $91Me
[08:58] {Threei} - Had $457.6M in cash, cash equivalents and marketable investment securities at December 31, 2009
[08:59] {nemo} dcc les
[08:59] {dino} fcx upgraded
[09:00] {nemo} makes sense...drops a buck
[09:09] {Threei} looking at AIG daily
[09:10] {dino} so far, amsc, netl, ctrp, vrsn, rl, met
[09:10] {Threei} no clean indication yet but I'd think it's getting reasdy for a sizeable bounce
[09:11] {dino} met in talks to buy asian aig life bus.
[09:17] {larisa} gm :)
[09:17] {Threei} larisa :)
[09:17] {larisa} vad :)
[09:18] {nemo} lari :)
[09:18] {larisa} nemo :)
[09:18] {i2romantis} gm all :)
[09:18] {Threei} i2r :)
[09:19] {strider} morning everyone.
[09:19] {Threei} strider :)
[09:20] {Les} Nemo, follow up dcc
[09:20] {fernp} Good morning everybody
[09:21] {Threei} fern :)
[09:21] {Les} fern, strider, i2 and anyone else not yet addressed
[09:22] {Les} oops how could i forget larisa. gm
[09:23] {larisa} les :)
[09:24] {Les} I see bsi87 has caught AIG as potential bounce material as well. buy limit 23.70. let's have a look...
[09:26] {Les} what about amzn vad? this double attempt at 119 resistance meaningful?
[09:27] {Threei} it's way too far from there anyway
[09:27] {Threei} what practical use this numer can have when AMZN is at 117?
[09:28] {larisa} it can be at 119 or 114 in 2 min :)
[09:28] {strider} beat me to it, larisa.
[09:28] {Threei} then none of it matters anyway
[09:28] {strider} nihilist.
[09:28] {Les} will watch it nonetheless
[09:28] {Threei} if it moves weith such agility, it will cut through any of those numbers before you can blink
[09:29] {strider} that's true.
[09:30] {Threei} Short Setup: TM .50 break half lot
[09:30] {lasertrev} gm
[09:31] {nemo} too fast
[09:31] {dino} fwiw amzn huge gap 105 and down area
[09:31] {Threei} let's wsit out morning volatility before trying it again
[09:32] {Threei} this one reached 1:1 in a blink of eye
[09:33] {fernp} LVS, Vad?
[09:34] {ese} netl off the map dino
[09:34] {Threei} .60 break short, fern
[09:35] {Threei} Short Setup: TM .40 break half lot
[09:35] {Threei} grrr
[09:35] {Threei} too fast again
[09:36] {billyc} gm all happy Wednesday
[09:36] {Threei} billy :)
[09:36] {Les} hey billy
[09:37] {dino} jst
[09:38] {nemo} wow. nflx, .12 jump between 9:35 and :36
[09:40] {Threei} Long Setup: AIG .90 break if holding above .80
[09:40] {dino} amsc sm l .70
[09:40] {Threei} US) Preview: Jan ISM Non-Manufacturing Composite due out at 10:00ET
[09:40] {Threei} **consensus expectation: 51.0e v 50.1 prior (estimates range from 49 to 53).
[09:41] {Threei} not a scalp for me AIG
[09:42] {Threei} 1:1
[09:43] {dino} rino sm l .50
[09:43] {Threei} second half is stopped b/e
[09:44] {nemo} rimm up 1.23
[09:44] {nemo} mos up 1.44
[09:45] {Threei} Long Setup: BEAV .20 break half lot
[09:46] {strider} stop .10 or .00?
[09:47] {Threei} if loses .10 I'd rather look for entry lower
[09:47] {dino} amsc stopped -.35
[09:47] {Threei} so, for .20 br4eak entry let's consider .10 invalidation or stop
[09:47] {strider} thks
[09:47] {Threei} AMSC is from some other planet dino
[09:48] {Threei} let's just short it
[09:49] {dino} go figure, all seems good, but.....
[09:49] {dino} oh well, who is john galt
[09:49] {Threei} strange thing is, there was no even runup before earnings
[09:49] {Threei} just some holder wants out, for what may not even be trasding/market/company related reasons
[09:50] {Threei} CTXS Hearing renewed takeover chatter circulating
[09:50] {Threei} - Dell rumored as a potential acquirer
[09:50] {dino} i'll revisit it later
[09:51] {nemo} 33.40 area
[09:53] {Threei} Short Setup: RIMM .70 break
[09:54] {Threei} .80 invalidation
[09:55] {fernp} IACI, Vad?
[09:56] {dino} risky sm l jst .80 ave
[09:56] {ese} out jaso from yesterday .04 +.11
[09:56] {Threei} I really don't want to chase this one this high fern
[09:56] {fernp} TY
[09:56] {Threei} it can be very treacherous
[09:59] {Threei} RIMM is valid again
[10:01] {Threei} holding a bit too well while market sells
[10:02] {Threei} tioghtening to .76
[10:03] {dino} amsc .01 sm l
[10:04] {Threei} fern, have a brief look at IACI
[10:04] {dino} stop is .69
[10:05] {Threei} just be careful not to puke
[10:05] {fernp} VZ short, Vad?
[10:06] {Threei} not delighted
[10:06] {fernp} I saw IACI, I skipped
[10:06] {fernp} ty
[10:07] {ese} L atvi .399
[10:07] {Threei} out RIMM
[10:08] {Threei} TM... strong feeling this one is preparing to cascade
[10:08] {dino} prius bad news today
[10:08] {Threei} entry is a toughie on it
[10:08] {Threei} yeah
[10:09] {Threei} Prius, Japan starts investigation, and US govt hints the problem was known for longer than Toyota pretends it to be
[10:09] {Threei} and 75 is importasnt support to break
[10:10] {strider} aggressive entry?
[10:10] {Threei} .20 is resistance to place stop
[10:10] {Threei} entry is fuzzy
[10:10] {Threei} 75 break is obvious one
[10:11] {nemo} bew by
[10:11] {nemo} blew by
[10:12] {Threei} 1:1
[10:12] {Threei} and it's far from over
[10:13] {larisa} fuzzy 1:1 :)
[10:13] {nemo} no entry though
[10:13] {Threei} snyone took itz?
[10:13] {fernp} VZ 1:1
[10:13] {nemo} jumped my order
[10:13] {Threei} don't be in a rush to cover, rather partial
[10:14] {Threei} yeash, that was rather case for aggressive entry
[10:14] {Threei} thst obvious one is a kind of z"either thisd support holds or if gives up - no way you get your entry"
[10:20] {Threei} IOC Weakness attributed to more speculation of potential fraud at the company
[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:22] {Threei} **consensus expectations:
[10:22] {Threei} Crude: Flat (0e)
[10:22] {Threei} Gasoline: +1.2Me
[10:22] {Threei} Distillate: -1Me
[10:25] {Les} out +.19 BEAV, out slightly negative AMSC
[10:25] {Les} big bounce in AMSC stopped me out of my short
[10:27] {Threei} I hate to do it but...
[10:27] {Threei} Long Setup: TM .85 break half lot
[10:28] {Threei} if stays above .70
[10:29] {nemo} wow
[10:29] {nemo} holy manure
[10:29] {Threei} some new news somewhere I guess
[10:30] {Threei} DOE CRUDE: 2.3 v Oe (FLAT EST.); GASOLINE: v +1.2Me; DISTILLATE: -950K v -1Me
[10:30] {Threei} cascading it is
[10:30] {nemo} that should drive the price of oil up
[10:31] {nemo} rimm
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 225M shares, about 10% below its three-month average; decliners lead advancers by 2.7:1.
[10:32] {Threei} - NASDAQ volume 545M shares, about 9% above its three-month average; decliners lead advancers by 1.1:1.
[10:32] {Threei} - VIX index -0.5% to just under 21.50
[10:33] {Threei} TM is in serious troubles
[10:33] {strider} 3 day old CELM showing a little life.
[10:33] {Threei} wow
[10:33] {Threei} anyone sees news?
[10:34] {nemo} no
[10:34] {Threei} US President Obama: Should ensure that currency policies do not put the US at a disadvantage
[10:34] {Threei} ***Reminder: G7 summit to take place in canada later this week
[10:34] {nemo} oh shit
[10:34] {Threei} ahha
[10:34] {Threei} TM US Transportation Sec: Owners should stop driving recalled models immediately
[10:34] {Threei} here it is
[10:34] {Threei} jeez
[10:35] {Threei} they decided to finish Toyota off
[10:35] {larisa} what a propaganda, in best tradition of soviet union :)
[10:35] {Les} lol
[10:35] {fernp} SDS
[10:35] {Les} put the stake into their heart
[10:35] {Threei} absolutely
[10:36] {Threei} they want to milk this didsaster as much as possible
[10:36] {ese} out atvi .43 +.04
[10:36] {dino} amsc to flat
[10:36] {strider} still lots of resis in 73 area.
[10:36] {ese} it wasna...goin nosewhere
[10:37] {Threei} millions of Toyotas on the road, there were what, 10 or 15 cases?
[10:37] {Threei} everyone should just stop dfriving them?
[10:37] {Les} oh I'm having fun with TM now!
[10:38] {Les} if this is momo I love it!
[10:38] {Threei} it sure is
[10:38] {Threei} you in short?
[10:38] {Threei} it had all the makings of disastrous drop from the early morning
[10:38] {Les} was until you called long :)
[10:38] {dino} out jst .54
[10:38] {Les} then I went short again
[10:38] {fernp} out SDS :-)
[10:38] {dino} -.26
[10:38] {Threei} it was ready for bounce
[10:38] {Threei} news is news
[10:39] {dino} out amsc flat
[10:39] {Les} yeh just taking the mickey out of you
[10:39] {dino} will sit for a few minutes
[10:39] {Les} was ready to agree with you
[10:39] {Les} it wasn't looking short
[10:39] {Threei} find someone else to take mickey out of, will ya {G}
[10:39] {Les} until some new news came along
[10:40] {Les} :D forgive me master
[10:40] {Threei} that you don't want
[10:40] {dino} fsys gap fill couple days ago
[10:40] {Threei} I usdually forgive those I kill, right after killing them
[10:40] {Les} lol
[10:40] {Threei} makes me feel all merciful
[10:41] {dino} i eat what i kill
[10:41] {Les} ok. TM putting the heat on the market?
[10:41] {dino} makes me feel full
[10:41] {strider} just the blood.
[10:41] {ese} very challenging markt inviroment these days....
[10:41] {Threei} feels like market drops on its own
[10:41] {nemo} .16 pivot support for tm
[10:41] {dino} sm l fsys .70
[10:44] {Threei} next leg down is coming it seems
[10:45] {strider} inverse c&h IOC
[10:46] {Threei} good eye
[10:46] {Threei} volstile as hell, hard to get entry, but formation is perfect
[10:46] {strider} +.40 IOC
[10:46] {dino} same rumors couple days ago, ioc
[10:46] {Threei} wtg
[10:46] {Threei} got TM short this time, .75
[10:47] {dino} gap 59.24
[10:47] {dino} and 62.50
[10:47] {Les} i'm finished for the day
[10:47] {dino} gj strider\
[10:47] {Les} unless this market shows some good downtrend
[10:47] {dino} les, good day already?
[10:47] {strider} thanks, dino.
[10:48] {Les} taking my cut out of TM on a few scalps now dino
[10:48] {dino} gj
[10:48] {Les} ty, that's enough
[10:48] {Threei} IMO, it's not done selling
[10:48] {dino} i am just a late starter
[10:48] {Threei} late bloomer dino?
[10:49] {dino} tex sm l .92
[10:49] {nemo} where to get in though
[10:49] {Threei} this is major problem
[10:49] {strider} market reversal
[10:49] {Threei} the only thing you csan dio is this:
[10:49] {Les} I'll take more if you can see setup vad
[10:49] {nemo} hop and hope
[10:49] {dino} amsc last try sm l .89
[10:49] {Threei} wastch chart as a whole, define general entry zxones on bounces,
[10:50] {Threei} keep size small and be ready to multiple attempots
[10:50] {dino} neu sm l .40, wide
[10:50] {dino} ok market giddy-up
[10:51] {nemo} watch for alot of white T&S too
[10:52] {Les} what's the white?
[10:52] {Les} white numbers
[10:52] {dino} gray here
[10:52] {nemo} market orders people just wanting to sell
[10:53] {nemo} often indicates change in direction
[10:53] {Threei} TM Goldman Sachs downgrades rating to Neutral from Buy (timing uncertain)
[10:54] {strider} TM downgrade :)
[10:54] {strider} GS
[10:54] {dino} real paid for research
[10:54] {Les} earning his $100 million
[10:54] {larisa} missed nice RIMM 67 break watching TM
[10:54] {nemo} so, while I wasn't looking at rimm...look at the volume increse into 10:48 and break
[10:55] {larisa} :)
[10:55] {nemo} that's funny,, I saw .80...see what happens when you watch a bad car wreck...pun intended
[10:55] {dino} lol les, -20 they go to neutral
[10:56] {strider} that means if you put your Toyota in neutral, nothing bad will happen.
[10:56] {larisa} my signal was .80 break yes on RIMM, but 67 was too much of res to take it for me
[10:56] {nemo} so, you scalp for .20...women
[10:57] {larisa} I am burger flipper, will take anything :)
[10:57] {Threei} that was good setup, Larisa...
[10:57] {nemo} tm looking long on volume ac tually
[11:00] {nemo} stop was too big
[11:00] {Threei} RIMM pulling back
[11:00] {Threei} let's watch it for entry off support
[11:00] {nemo} .20?
[11:01] {Threei} feels to me like rather sharp dive undeer it, wwith entry closre to .10
[11:01] {nemo} yeah, pivot support at .09
[11:04] {nemo} rimm might be looking short here actually
[11:04] {dino} jst rinsed
[11:04] {dino} thing is strong
[11:09] {ese} l stec .53
[11:12] {fernp} YHOO on highs
[11:13] {ese} thats what you usually say when your high.....yhoo
06[11:13] * nemo slaps fernp around a bit with a large sense of humor
[11:13] {fernp} humor? what is that?
[11:13] {nemo} that's my point
[11:14] {ese} tks dude
[11:14] {nemo} oh...sorry fern...shot the wrong guy
[11:15] {ese} na na's time you taught them rookie new to the board punks a humor lesson or two
[11:15] {nemo} I'm not sure what I could teach about humor is a positive
[11:16] {strider} You talking about humor-Les?
[11:16] {ese} well........then we have a problem
[11:16] {ese} lol
[11:16] {dino} neu out .28, +.88
[11:16] {ese} egzactilly
[11:17] {nemo} joyg at bottom of cup if it moves to .60 on volume
[11:18] {nemo} decided to be a short instead
[11:19] {fernp} DIS breaking .50
[11:21] {nemo} cat testing hod
[11:24] {Threei} VRNM Ticking higher; hearing Lazard commenting on growth measures for the biodiesel industry in US Administration announcement later today (related PEIX CZZ ADM )
[11:26] {fernp} T breakdown, Vad?
[11:31] {fernp} .
[11:34] {Threei} hmm
[11:34] {fernp} no problem :-)
[11:34] {Threei} too narrow, I think
[11:35] {Les} s zion .98
[11:36] {Les} stopped
[11:40] {Les} vad, you got a working theory on market direction shaping up?
[11:40] {ese} dino....wheres mags these days
[11:42] {fernp} faz
[11:46] {dino} he's here, tenant issues, plus he's been helping my sister open up her pub.
[11:46] {nemo} that's dangerous
[11:47] {dino} yeah, i think he secretly wishes it was his
06[11:47] * nemo pictures magoo intravenously attached to a keg
[11:47] {Les} for the money, or the contents of the building?
[11:48] {dino} ego
[11:48] {ese} right on.....good luck to your sister
[11:49] {Les} partial out ZION +.10, .89
[11:49] {dino} thx
[11:49] {dino} gj
[11:49] {Les} zion lod
[11:49] {nemo} woman with a pub
[11:49] {nemo} that's almost as good as a trust fund
[11:50] {strider} going for extra brownie points with the women in the room, nemo?
[11:50] {fernp} 1:1 T
[11:50] {nemo} no...I've got too bad a case of PTSS from relationships
[11:50] {Threei} Les... down, IMO
[11:50] {Les} sounds good to me
[11:51] {dino} it's the Mc in us
[11:51] {nemo} rimm looks like it might test support
[11:51] {nemo} Reminds me of a joke
[11:52] {nemo} Patrick Flannery died at his job at the brewery
[11:52] {nemo} Seamus and the boys went home to tell his wife
[11:52] {nemo} Mrs. Flannery, sorry to tell you that Patrick died today
[11:52] {nemo} How'd he die? she asked.
[11:53] {nemo} Well, he fell into the Brewery vat and drowned.
[11:53] {nemo} Did he suffer?
[11:53] {nemo} I don't think so, he came up three times for air
[11:53] {dino} lol
[11:53] {Les} lol
[11:53] {patience} not bad nemo
[11:54] {Threei} lol
[11:54] {nemo} ty
[11:54] {nemo} I've got another, but it's not quite so tasteful
[11:55] {nemo} Seamus and Patrick were shoeing a horse at the livery
[11:55] {nemo} Seamus noticed the horses eyes were crossed
[11:56] {nemo} Says to Patrick, (Irish accent) Will you look here, the horse's eyes are crossed!
[11:56] {nemo} Seamus says, I'll show you how to fix it
[11:56] {nemo} So...he takes a long pipe, puts some grease on it, and inserts it rather far in the
[11:57] {nemo} Then, he blows really hard through one end
[11:57] {nemo} Says to Seamus, how's it look?
[11:57] {nemo} Seamus says, still crossed.
[11:57] {nemo} Patrick blows again
[11:57] {nemo} Anything?
[11:57] {nemo} Nah
[11:58] {nemo} So Seamus says, "Why don't you let me give it a try?"
[11:58] {nemo} Patrick says, "O.K."
[11:58] {nemo} So, seamus goes to the back end, pulls the pipe out, turns it around, and reinserts it
[11:59] {nemo} Patrick looks, on in disbelief and asks, "Seamus, why did you do that?!"
[11:59] {Les} TM
[11:59] {nemo} Seamus: "Sure and Begorrah you didn't think I was going to put my mout where yours was?"
[11:59] {nemo} mouth
[11:59] {Les} lol
[12:00] {patience} ty nemo, i'll think of you when i'm out at the stables this afternoon :)
[12:00] {Raven} sigh
[12:00] {Les} 2nd half out ZION +.19
[12:00] {nemo} What's funnier, is I first heard the joke from a US. Diplomat
[12:02] {nemo} Guess you liked it, huh Raven?
[12:02] {Raven} it was nice
[12:03] {nemo} Yes, I've noticed the contraindication of your level of admonition being inversely correlated to your actual enjoyment
[12:04] {Raven} astute observation
[12:04] {nemo} ravings of a lunatic
[12:04] {Raven} who you calling a lunatic?
[12:04] {Threei} TM looks like finally getting ready for sizeable bounce
[12:04] {nemo} who was raving
[12:05] {Raven} right
[12:05] {nemo} ooohh...touuuuchy today
[12:05] {Raven} always
[12:07] {Raven} btw .... cosmo is alive and well
[12:07] {Les} thanks Vad +.25 TM
[12:07] {Threei} gj
[12:07] {Raven} he's on sabbatical from the market
[12:08] {Threei} took 73 break... too fast to alert...
[12:09] {Threei} Toyota Motor Corp US Transportation Sec Lahood issues clarification, feels recalled vehicles should be driven to a Toyota dealer as they may have a fix for the issue
[12:09] {Threei} - Note: Earlier it was reported that the Transportation Sec called for drivers to stop driving the recalled vehicles
[12:09] {Threei} imbecile
[12:09] {Threei} "feels recalled vehicles should be driven to a Toyota dealer"
[12:09] {nemo} that's a nice way to put what I was thinking
[12:09] {Les} took toyota long enough to respond
[12:09] {Threei} there is a need to have some special "feel" to issue that recommendation?
[12:10] {Threei} some great insight?
[12:10] {fernp} FAZ no go
[12:10] {Les} UMPQ
[12:11] {Les} nah a bit slow
[12:14] {Threei} TM is a beaut
[12:17] {Les} you took it?
[12:18] {Threei} 12:08] {Threei} took 73 break... too fast to alert...
[12:18] {Les} nice.
[12:22] {Les} s TM .97
[12:24] {Threei} hmmm
[12:24] {Threei} why?
[12:24] {Les} 200 ma
[12:24] {strider} to make money, vad. What planet are you ffrom?
[12:24] {Threei} sorry
[12:24] {Les} but it looks like it wants to take it
[12:24] {Threei} didn't think of that
[12:24] {strider} :)
[12:25] {dino} lol
[12:26] {Threei} I'll wait for a trade to be over one way or anotger, to comment
[12:27] {Les} out +.10
[12:27] {Les} Vad's scaring me
[12:28] {strider} He claims he's just a teddy bear, les.
[12:28] {Threei} just a sec
[12:28] {Les} who kills people for forgiveness
[12:30] {strider} He's really one of those Stephen King teddy bears: when you turn your back he grows horns and drools blood.........your blook.
[12:30] {strider} blood.
[12:31] {Threei} my problem with that reasoning, Les:
[12:31] {Threei} you don't assume automaticaslly that supports or resistances created by MAs will hold
[12:32] {Threei} they are just the levels to watch
[12:32] {Threei} what you really want for a high probability trade is:
[12:32] {Threei} some nice signal COINCIDING with those levels
[12:32] {Threei} That's when you have the best odds
[12:32] {Les} ok.
[12:32] {Threei} looking back at this one, for instance,
[12:33] {nemo} so, like when I call a trade long....go short
[12:33] {Threei} should you get double top at, let's say .10
[12:33] {Threei} with bottom between two peaks at 74,
[12:33] {Threei} with first peak piercing BBs,
[12:33] {Threei} second peak contained within them,
[12:34] {Threei} I'd scream bloody murder if you DIDN'T take such trade
[12:34] {larisa} I think Les's idea was not bad, may be a bit early for comfort. off .20 res. 3 drives to a top pattern with falling indicators into 200 MA. of course vad had to ask "why? " :)
[12:34] {Les} cool
[12:34] {Threei} but the trade was taken before those 3 drives Larisa
[12:35] {Threei} that's what gave me pause
[12:35] {larisa} not really, 74 and 2 tops at 74.20
[12:35] {larisa} perfect for scalp in my book
[12:35] {Les} i don't understand a word larisa is saying...
[12:35] {larisa} lol
[12:35] {Threei} 12:22, Larisa
[12:36] {larisa} 12:14 first
[12:36] {Threei} se?
[12:36] {Threei} 12:14 touched 74
[12:36] {Threei} 12:22 entry is not after 3 drives
[12:37] {Threei} it was rather arbitrary entry into upward momo
[12:37] {Threei} chancing it
[12:37] {Threei} it's not impossible to trade this way and make money of course,
[12:37] {larisa} 12:14, 12:20, 12:25
[12:38] {Threei} but it's a hard way
[12:38] {Les} ok I see what you're both on about
[12:38] {Les} gives me a new way to look at resistance plays
[12:38] {larisa} 3 rising tops with indicators dying
[12:38] {larisa} very good pattern
[12:38] {Les} indicators being?
[12:39] {Les} volume I assume and what else
[12:39] {Threei} what three tops? your third is AFTER the entry :)
[12:39] {larisa} whatever you use. I use SMI
[12:39] {Les} yeh yeh yeh that we understand
[12:39] {nemo} would you to get a room
[12:39] {Threei} .97 entry gives you 25 cents stop
[12:39] {Les} I am bad Vad
[12:39] {larisa} this is why i said he was a bit early :)
[12:39] {Les} trying to understand how larisa does business
[12:40] {larisa} do not les, just follow vad or you will be confused, i just wanted to protec you a bit :)
[12:40] {larisa} protect
[12:40] {nemo} Man (in the general sense) has been trying to understand them since the universe was created
[12:40] {Les} that's sweet, thank you:)
[12:41] {Les} anyone to back me up against that grumpy, steven king evil teddy bear...
[12:41] {nemo} hell no...smell blood, time to partake
[12:41] {Les} Vad, this a pullback before a long in TM?
[12:42] {Les} before potential entry
[12:42] {Threei} hmm?
[12:43] {Threei} sorry Les, don't underdtand
[12:43] {Les} any working scenarios for TM?
[12:43] {Les} but it dropped a bit now
[12:43] {Threei} you measn if this pullback is good for entry?
[12:43] {Les} y
[12:43] {Threei} IMO, it's getting tired
[12:43] {Threei} moves are likely to become more random
[12:43] {Les} ok. might wait for EOD selloff
[12:45] {Threei} to finish my houghts Les, before Larisa ultimately protects you...
[12:45] {larisa} protect=defend :)
[12:45] {Threei} don't look at support and resistance as levels that will hold
[12:46] {Threei} look at them as levels where stock will prove something,
[12:46] {Threei} that it's either capable of breaking them or not
[12:47] {Threei} H&S
[12:47] {Threei} bounce into .20 - .30 is for short
[12:48] {Threei} RIMM guys
[12:49] {nemo} yeah
[12:49] {Threei} thing continues consolidasting under the high
[12:49] {Threei} .50 formed good resistance to break
[12:49] {Threei} zI wish we didn't have the next one so close as .63
[12:49] {Threei} but still
[12:50] {Threei} it's worth a try on a break
[12:50] {Threei} and watch TM for short is bounces into that 74.20 - 74.30
[12:50] {Threei} is = if
[12:51] {Threei} RIMM{ half out
[12:51] {Threei} scalpers take profit
[12:51] {Threei} and don't admit you did
[12:52] {strider} you talkin t' me?
[12:53] {nemo} o.k. Deniro
[12:53] {strider} ain't nobody else here so you must be talkin' to me.
[12:54] {strider} I hate RIMM
[12:55] {Threei} Research in Motion Ltd Reportedly London High Court judge rules RIMM did not infringe a Motorola e-mail gateway patent
[12:55] {Threei} - Suits over the issue have been ongoing since 2007 when a license agreement ended between the two companies. MOT has a separate suit which it filed with the ITC last month seeking to prevent RIMM from importing smartphones that allegedly infringe its patents.
[12:55] {Threei} Toyota Motor Corp Comments that consumers should contact dealers assuming issues are encountered with acceleration pedals
[12:55] {Threei} - comments that 'confident vehicles are safe to drive'
[12:55] {strider} TM touched 74.30
[12:56] {nemo} might want to watch fcx also
[12:56] {nemo} been consoliating after strong down move
[13:01] {Threei} ACOR new 52 week highs
[13:08] {fernp} gotta go. Good evening everybody. See u all tomorrow
[13:08] {dino} cya fern
[13:09] {Threei} take care fern
[13:11] {Threei} Fed's Warsh: Mortgage system needs evaluation; resolution authority alone for financial firms not sufficient to handle risks of financial system
[13:11] {Threei} - feels that some financial companies have an 'implicit support' from the Govt; which causes weak market discipline
[13:11] {Threei} - must look at Fannie and Freddie among other aspects of mortgage system for the originations of the crisis
[13:11] {Threei} no really?
[13:11] {Threei} Fannie and Freddie had something to do with that?
[13:20] {Threei} TM is long closer to 74 now
[13:21] {Threei} if no pullback anymore, let's try semiaggressive .20 break
[13:21] {Threei} if stays above .10
[13:21] {Threei} ok, pulling back
[13:22] {Threei} .10 break long
[13:22] {Threei} if holding 74
[13:24] {Threei} not a scalp if works
[13:28] {Threei} my plan: first partial closer to .40, second abiove .50 and third around .70-.90
[13:28] {Threei} 1:1
[13:28] {Threei} first partial out
[13:28] {Threei} .36
[13:29] {Threei} second partial out
[13:29] {Threei} .55
[13:30] {larisa} liked setup :)
[13:30] {Threei} and?
[13:30] {larisa} nothing, good job :)
[13:30] {Threei} if no one took it, I'll see you all in 2013
[13:31] {Les} I didn't
[13:31] {Les} but I was serving dinner, so I have excuse
[13:32] {jmb} thanks vad - still holding some
[13:32] {Threei} whew... thank you jmb
[13:32] {Threei} I was going to ask, are you all kidding me?
[13:32] {Threei} 10 cents risk on such stock with such potential?
[13:33] {Threei} if you guys don't take this jind of trades, what am I doing here
[13:33] {jmb} new stop?
[13:34] {Threei} I'd keep it low, under .20
[13:34] {jmb} thanks
[13:34] {nemo} got support at .30
[13:34] {Threei} don't want to lose any single cent on it, and want to give it somne room to breathe
[13:34] {Threei} it can go to 75 easy
[13:35] {nemo} actually formed nice C&H on 5 minute or two minute
06[13:35] * Threei slaps whole room except jmb around a bit with frozen trout weighing 120 lbs and endowed with very sharp fins
[13:35] {nemo} I wasn't here
[13:36] {Threei} I don't care
[13:36] {nemo} sounds about right
[13:36] {nemo} meany
[13:36] {Threei} got anything new to share?
06[13:36] * nemo pulls out voodoo doll of vad
[13:37] {Threei} Stimulus money goes to anti-obesity projects
[13:37] {Threei} definition of stimuls widens before our very eyes
[13:37] {nemo} ha ha ha
06[13:38] * Threei eats his vodoo dolls for breafast niot even taking pins out
[13:40] {Threei} Transportation Sec Says He "Misspoke" Adising Toyota Owners to Stop Driving
[13:40] {larisa} lol
[13:40] {Threei} I'd say guy is lucky Toyota is not really in position to sue
[13:40] {Threei} PR nightmare it is in kind of precludes that
[13:41] {Threei} otherwise that "misspeaking could cost govt dearly:
[13:41] {Threei} 3rd target is hit TM
[13:42] {Threei} your decision from now on
[13:42] {jmb} out - thanks vad
[13:42] {Threei} welcome :)
[13:50] {ese} .
[13:50] {ese} just watchin
[13:52] {Les} maybe one more bounce for RIMM before b/d for smaller stop
[13:54] {Les} RIMM .50 b/d?
[13:56] {Les} s RIMM .49. damn could be bounce time for market
[13:56] {Threei} I asm not delighted, honestly
[13:59] {Les} stopped
[14:00] {nemo} honesty?
[14:00] {nemo} wrong room
[14:02] {Threei} Market Internals update at 2:00pmET
[14:02] {Threei} - NYSE volume 595M shares, about 6% below its three-month average; decliners lead advancers by 2.9:1.
[14:02] {Threei} - NASDAQ volume 1.54B shares, about 15% above its three-month average; decliners lead advancers by 1.4:1.
[14:02] {Threei} - VIX index +0.25% to just over 21.50
[14:06] {dino} cacc
[14:10] {Les} LXK for b/o?
[14:11] {Threei} probably
[14:11] {Threei} kind of 55/45
[14:11] {Les} k
[14:25] {dino} ioc gap fill from mon. close
[14:29] {dino} ads
[14:31] {nemo} amsc db
[14:32] {Les} fdx .30 b/d?
[14:33] {Threei} nah
[14:33] {Threei} it's not even badf setup
[14:33] {Threei} they simply don't move
[14:34] {Threei} look at LXK
[14:34] {Les} ?
[14:34] {nemo} coma
[14:34] {Les} stuck in limbo land
[14:34] {Threei} (US) Fed Chairman Bernanke: Fed policies need to ensure price stability, unemployment remains too high
[14:34] {Threei} let me try again:
[14:35] {Threei} (US) Fed Chairman Bernanke: Fed policies need to ensure price unemployment remains too high
[14:35] {Les} :O
[14:35] {dino} sm l ads .00
[14:35] {Les} he really say that?
[14:35] {Threei} well, he said what I posted first time
[14:35] {Les} yeh yeh
[14:35] {Threei} I just casn't help streamlining it
[14:36] {Les} why didn't he ensure stability before it all went to s/&3 one might ask
[14:36] {Threei} because in 2005 he didn't think there was a bubble,
[14:37] {Threei} and in 2007 he thought we already were turning the corner
[14:38] {Threei} and he never thought flooding system with easy money has any consdequences
[14:38] {Les} I'm surprised no one's whipped up a youtube vid with all these contradictions
[14:38] {Threei} and now he gets hailed as a hero for all these high achievements
[14:38] {Les} they really are quite glaring, the inconsistencies with what he says
[14:38] {Les} ditto greenspan
[14:39] {Les} oh well, we'll have to settle for time magazine cover for bernanke as well
[14:41] {Les} lxk
[14:41] {nemo} figures
[14:42] {Les} EL
[14:45] {dino} cacc bit wide
[14:52] {dino} out ads .40, +.40
[14:53] {Les} nice one
[14:54] {dino} ty, bit soon
[14:59] {dino} good call db on amsc
[15:00] {nemo} BC
[15:10] {Threei} AMSC
[15:11] {nemo} where you been
[15:11] {Threei} it's ready to reverse for real, it's only this market pullback that weighed on it
06[15:11] * Threei slaps nemo around a bit with a large running commentary
[15:11] {nemo} .50 hold .40?
[15:11] {nemo} oops
[15:11] {Threei} yes
[15:12] {nemo} oh well, nice call on my part, that's about it
[15:12] {nemo} it peaked at the 200 also
[15:15] {Threei} wastch market here
[15:15] {Threei} it spikes, grab AMSC
[15:15] {dino} indeed nemo
[15:18] {nemo} that's my allotment of BC moments
[15:21] {nemo} amsc back to the bottom
[15:21] {dino} 2
[15:21] {nemo} 2 what
[15:22] {dino} 2 x a day
[15:24] {dino} lea
[15:25] {nemo} ex?
[15:27] {dino} sm amsc l .18
[15:28] {Les} s amsc .25
[15:28] {dino} ads sm l .26
[15:29] {Les} out +.10
[15:31] {dino} cacc
[15:31] {Threei} US Treasury: Some TARP funds to be allocated to some community development lending programs
[15:31] {Threei} they really think of this money as their to distribute eh
[15:31] {nemo} What's new?
[15:31] {dino} second handers
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 780M shares, about 5% below its three-month average; decliners lead advancers by 2.8:1.
[15:32] {Threei} - NASDAQ volume 1.97B shares, about 14% above its three-month average; decliners lead advancers by 1.5:1.
[15:32] {Threei} - VIX index +0.75% to just over 21.50
[15:33] {nemo} amsc not moving up with the mrket
[15:33] {dino} sm l .74 cacc
[15:34] {nemo} now it moves a little
[15:34] {dino} amsc is just there to shake me out
[15:34] {dino} tomorrow up 2 on it
[15:35] {Threei} should go now
[15:36] {Threei} but sheesh
[15:36] {dino} stopped ads -.26
[15:36] {Threei} I am really interested what is behind this pressure
[15:36] {Threei} no single hint of anything wrong
[15:36] {Threei} no slightest controversy about it
[15:36] {nemo} rimm sprinting again
[15:36] {Threei} plain straightforward good news all around, and not olverbought
[15:37] {larisa} 90% of AMSC Business are in China. may be campaign starting agains the China? :)
[15:37] {dino} "they" are behind it
[15:37] {nemo} bastids
[15:38] {Threei} well... if Tibet traders drove this stock, I'd understand :)
[15:38] {larisa} lol
[15:40] {Les} there you go dino, some amsc for everyone
[15:41] {dino} f i n a l l y
[15:41] {nemo} might get a positive close
[15:41] {Threei} told ya
[15:41] {nemo} qs and dji easy
[15:42] {Threei} [15:35] {Threei} should go now
[15:43] {Threei} beautiful
[15:43] {dino} out .60 amsc, +.42
[15:43] {Les} i definitely got the short end of the stick on amsc
[15:44] {dino} gotta hop out tex -.09
[15:44] {dino} out rino +.04
[15:45] {dino} ohh mannn amsc
[15:46] {dino} out cacc .81, +.07
[15:46] {dino} thx all, l8r
[15:47] {larisa} bye :)
[15:48] {Threei} take carwe dino
[15:49] {Les} ciao dino
[15:53] {billyc} gn all
[15:53] {Les} c ya billy
[15:56] {Threei} thank you all
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {Les} no wait! China opens in 3 hours!
[15:57] {Threei} I don't mind, it can feel free to
[15:57] {Les} hmm. well its good night then
[16:00] {Les} how rude of me to leave without saying "good night"

Tuesday, February 2, 2010

Feb 02 2010

Fair day with a few bigger trades working, some scalps and a few stops. Activity is higher, and trades come in all colors, sectors and directions. RIMM, X, TM, QID, GLD, RCL, ZION - all flavors are there.

Session Time: Tue Feb 02 00:00:00 2010

[08:00] {Les} GM :D
[08:00] {Les} PCX. interesting on the daily chart, yesterday and pre market
[08:18] {Threei} ACOR JP Morgan adds to U.S. Analyst Focus List; Reiterates Overweight rating, price target $40
[08:18] {Threei} - Firm believes ACOR shares are well positioned for an upside launch.
[08:23] {Les} SU falling premarket. looks like db on hourly chart or bounce before next leg down. earnings have slipped
[08:24] {Threei} SU Reports Q4 C$0.29 v C$0.42e; oil sands production avg 278.9Kbpd v 243.8Kbpd y/y
[08:24] {Threei} - Guides FY10 Oil Production at 295K to 305K bpd
[08:25] {Les} PCX did nicely however. Will be looking for continued uptrend today
[08:27] {Threei} IVAN First Well in Ecuador Reaches Planned Total Depth, Testing Program Commences
[08:27] {Threei} RCL Wells Fargo raises FY10 EPS forecast to $2.00 from $1.58
[08:27] {Threei} - Estimates FY11 at $2.95
[08:30] {Threei} MNKD Wells Fargo lowers FY10 EPS estimates to -$0.01 from $0.46
[08:32] {Les} MNKD bouncing off $10 support. could be ready for b/d today
[08:59] {i2romantis} gm all
[08:59] {nemo} haroo
[08:59] {Threei} i2r :)
[08:59] {i2romantis} 3i:)
[09:01] {Les} hi Nemo, i2
[09:02] {nemo} haroo
[09:02] {Les} belt up ya bloody sheila
[09:03] {Les} sounds like call of a moose... harooo
[09:03] {nemo} you've obviously not been around moose
[09:04] {fernp} Good morning everybody
[09:04] {ese} good morning
[09:04] {Threei} fern, ese :)
[09:04] {Les} fern, ese
[09:05] {ese} les
[09:05] {ese} fern
[09:06] {i2romantis} les, ese, fernp, nemo
[09:06] {Les} Vad, I'm watching your scalping video again
[09:06] {i2romantis} that video should be taught in schools :)
[09:06] {Les} what importance do you place on bollinger bands?
[09:07] {Threei} general feeling of where the stock is in terms of volatility
[09:07] {Threei} tightening bends vs broadening, price nearing/piercing the band
[09:07] {Les} ok
[09:10] {Threei} ese, look dcc please
[09:17] {larisa} gm :)
[09:17] {Threei} larisa :)
[09:17] {nemo} lari :)
[09:17] {Threei} (US) DOE Nuclear Regulatory Commission provides final staff guidance for review of new saftey reports in regards to new nuclear power plants
[09:17] {larisa} vad, nemo :)
[09:18] {Threei} are we getting ready to nuclear resurrection?
[09:20] {Les} $50B in federal loan guarantees suggest yes
[09:20] {Les} I believe cost overruns are such that massive taxpayer support will be required
[09:21] {Les} taxpayer always pays
[09:23] {dino} gm
[09:23] {Threei} dino :)
[09:23] {Les} hey dino
[09:24] {Les} Vad what's on your watch list?
[09:24] {dino} :)
[09:24] {Threei} not much Les
[09:24] {Threei} morning is non-indicative so far
[09:24] {Threei} want to see if IVAN has gas
[09:24] {Threei} and waiting for the scanner to spit something out
[09:26] {lasertrev} morning
[09:26] {Threei} trev :)
[09:26] {dino} lxk, cmi, bks
[09:27] {Threei} AA pullback after the open would be of interest
[09:27] {Threei} X roo
[09:27] {Threei} tpoo
[09:27] {Threei} too
[09:27] {Threei} there
[09:30] {nemo} fcx support at .20
[09:30] {Les} ACOR has gapped up to new support level
[09:31] {Threei} crap, X was too fast to aslert
[09:31] {Threei} support?
[09:31] {Threei} ACOR?
[09:31] {Les} pivot point
[09:31] {nemo} fcx did a support bounce also
[09:32] {nemo} market pulling back a bit
[09:32] {Threei} VNDA Madison Williams Initiates VNDA with Buy, price target: $19
[09:33] {Les} pcx might be a reversal
[09:34] {Les} ACOR
[09:34] {Threei} Long Setup: X .50 break half lot
[09:34] {nemo} oops
[09:34] {Threei} stop .35
[09:34] {nemo} too fast
[09:34] {fernp} missed
[09:34] {nemo} nice call though
[09:34] {Threei} well above 1:1
[09:35] {Les} aa?
[09:35] {Threei} didn't get even close to support levels I'd be jazzed about
[09:36] {Les} small bounce pcx. new b/d coming?
[09:36] {Les} .60?
[09:37] {Les} too late
[09:37] {Les} aa .73 b/d?
[09:38] {Threei} better look for aggressive entry if ou weant to shart it
[09:38] {Threei} I am not looking for short on it
[09:38] {Les} ok
[09:39] {Threei} Long Setup: ZION .10 break
[09:39] {Threei} invalidated
[09:40] {nemo} amzn dumped again
[09:42] {Les} s mnkd small shares .54. stop hod
[09:42] {Threei} Short Setup: GLD .75 half lot
[09:42] {Threei} if stays below .85
[09:45] {Threei} no go
[09:45] {fernp} yeah
[09:45] {Threei} hit almost 1:1 too quickly
[09:46] {nemo} 1:1 was the 200 ma
[09:46] {billyc} gm all happy Tuesday
[09:46] {Threei} billy :)
[09:47] {Les} hey billy
[09:47] {Les} PCX 16 b/d?
[09:48] {Les} with a little consolidation
[09:48] {Les} stop too large now
[09:50] {Threei} US) Preview: Dec Pending Home Sales due out at 10:00ET
[09:50] {Threei} **consensus expectation (m/m): +1.0%e v -16% prior
[09:50] {Threei} (US) White House Advisor Volker: Hedge funds should be allowed to make profits and fail, defends administration plan to limit proprietary trading at banks
[09:51] {dino} shocking, "allowed" to make profits
[09:52] {Threei} lol
[09:52] {fernp} DOW, Vad?
[09:53] {Threei} can't tell which way
[09:53] {fernp} ok
[09:53] {Threei} Long Setup: X .10 break
[09:53] {Threei} .95 stop
[09:54] {Threei} grr
[09:54] {nemo} fcx approaching db
[09:55] {i2romantis} COCO
[09:56] {Threei} IVAN 62 weeks high
[09:57] {dino} neu drop
[09:57] {Threei} ese, keep an eye on it
[09:57] {Threei} your kind
[09:57] {dino} crm too
[09:57] {Les} out MNKD +.20
[09:58] {ese} will do
[09:58] {ese} tks
[09:58] {dino} gj les
[09:59] {ese} sorry vad ivan or X
[09:59] {nemo} fcx .36 is 200 ma for bounce or consolidation for short
[09:59] {Les} leaving money on the table, but such is life. ty
[09:59] {Threei} IVAN ese
[09:59] {ese} tks
[10:00] {Threei} *(US) DEC PENDING HOME SALES (M/M): 1.0% V +1.0%E; (Y/Y): 10.5% V +19.3% PRIOR
[10:00] {Threei} (US) Treasury's Geithner: Unchecked deficits threaten US prosperity (related EUR/USD TLT SHY )
[10:00] {Threei} wow, really?
[10:00] {nemo} market happy it met estimates
[10:01] {Threei} X nears double bottom level
[10:01] {ese} don't look happy to me
[10:03] {Threei} Long Setup: X .30 break
[10:03] {Threei} invalidated
[10:04] {nemo} amzn headed for retest of yesterday low
[10:04] {Les} RCL 27 b/o? showing strength against market
[10:05] {Threei} Long Setup: X .10 break
[10:05] {nemo} missed
[10:05] {fernp} here too
[10:06] {Threei} RCL yes
[10:06] {Threei} 27 break worth trying
[10:08] {Les} MNKD trying to get back into the game
[10:09] {Threei} GLD...
[10:09] {dino} clw
[10:09] {Threei} looks like short asgain but seriously, will this one ever behave?
[10:09] {nemo} fcx range tightened up could o either way
[10:09] {Threei} inverted C&H
[10:10] {Les} SLW showing similar behaviour
[10:10] {dino} sm s clw .48
[10:11] {Les} .90 b/d in slw would be interesting
[10:11] {Threei} here comes GLD breeakdown
[10:12] {Threei} I don't think I've ever seen a stock so obviously preesenting short opportunities and so hard to nail down as a short
[10:12] {Les} s slw .88 small shares
[10:13] {Les} 1:1 RCL out ty
[10:13] {Threei} good one
[10:13] {Threei} clean setup
[10:13] {fernp} out too. ty Les
[10:13] {Les} yeh gotta stop thinking like it ain't going to work and go with the chart and setup
[10:14] {Les} was thinking again too much yesterday
[10:14] {Threei} there you go
[10:14] {Threei} it takes some serious thinking to realize that thinking is not needed
[10:14] {ese} L aone .51
[10:15] {Threei} what the deuce?
[10:16] {ese} stop .40
[10:16] {dino} clw cov/stopped -.33
[10:17] {ese} that was close
[10:18] {Threei} grrr...missed that double bottom on X
[10:18] {ese} don't try this at home
[10:18] {ese} git
[10:22] {ese} nawwwwww out aone .44 -.07
[10:22] {ese} little too much o a gamble
[10:22] {Threei} a bit, yeah
[10:23] {Threei} AONE is not a good breakout stock
[10:23] {ese} wasn't lookin like......had .11 there and should ave taken it
[10:25] {Threei} wow RCL
[10:26] {Les} i believe the term is scalpers regret
[10:28] {Les} slw .05 b/o?
[10:28] {Threei} I doubt it
[10:28] {Les} k
[10:29] {Threei} DRIV...
[10:29] {dino} wow clw
[10:29] {dino} jst too
[10:30] {Threei} nah, never mind DRIV
[10:33] {Threei} Preview: Jan US Vehicle Sales numbers expected throughout the day from major auto makers
[10:33] {Threei} **consensus estimates y/y:
[10:33] {Threei} (Adj for fewer selling days) (Unadjusted)
[10:33] {Threei} - Ford (Noon ET): +44% +33%
[10:33] {Threei} - GM (1:45pmET): +18% +9%
[10:33] {Threei} - Chrysler: +15% +6%
[10:33] {Threei} - Toyota: -5% -12%
[10:33] {Threei} - Honda: +11% +3%
[10:33] {Threei} - Nissan: +23% +14%
[10:37] {Threei} Short Setup: X .90 break
[10:37] {Threei} if stays under 48
[10:38] {Threei} Long Setup: QID .85 break
[10:39] {Threei} X 1:1, cover half
[10:39] {Threei} can do more
[10:39] {Les} rats. all out. ty
[10:39] {Threei} no worry
[10:39] {Threei} volatility is big, can as well stay safe and take profit
[10:39] {Threei} personal choice
[10:40] {Threei} 1:2, 1/4 more cover
[10:40] {Threei} out in full
[10:40] {Threei} +.28
[10:41] {larisa} gj
[10:41] {Threei} out in fullty
[10:41] {Threei} QID 1:1
[10:43] {Threei} out QID
[10:44] {Threei} my working assumption at this point is, one more atempot at the highs and then selling
[10:45] {ese} l holx .50
[10:46] {ese} maybe should have waited for .51 but i'll give it a shot....were in that mode today
[10:46] {Threei} Technical Analysts at UBS see makets moving towards an oversold bounce; Advocate buying Gold
[10:46] {Threei} - See most short-term momentum signals pointing to an oversold bounce
[10:46] {Threei} - Maintain expectation that upward move is seen in first half of Feb
[10:46] {Threei} - See limit to short term pop as 1120
[10:46] {Threei} - Medium term view is that current downard trend is the first leg of major tactical correction
[10:46] {Threei} - Medium term low indicator remains 1040
[10:48] {Threei} wtg ese
[10:48] {Threei} right before ewxplosion
[10:49] {ese} tks
[10:49] {Les} what, you say they're selling that advise just before explosion?
[10:49] {ese} out holx .61 +.11 4k of it ....clasic from the scalp trading video
[10:50] {Threei} Les?
[10:50] {Les} UBS
[10:50] {Les} you said "right before explosion"
[10:50] {Threei} I commented on ese's entry
[10:50] {Les} ah ok
[10:51] {Threei} ese, look dcc please
[10:51] {ese} missed ivan though
[10:52] {nemo} gld interesting formation
[10:56] {Les} ACOR wants to b/o at some point
[10:57] {nemo} fcx db
[10:59] {nemo} may be inverse H&S forming on RIMM
[11:01] {Threei} GLD looks breakdownish to me
[11:01] {Threei} (again)
[11:02] {nemo} support pretty close though
[11:04] {ese} L cien .18 sorry was dcc with vad forgot to post
[11:04] {fernp} MPEL, Vad. Any read?
[11:05] {ese} git
[11:07] {Threei} not really fern
[11:10] {dino} risky, sm neu ave .70 l
[11:10] {Les} l acor .76 small shares. stop .69
[11:13] {Les} MNKD .30 b/d
[11:13] {ese} my quotes have stopped ....whats goin on with cien
[11:13] {Les} s mnkd .29 stop .45
[11:14] {Threei} 13.15 x .16 CIEN
[11:14] {ese} tks
[11:15] {ese} ok back tks
[11:19] {ese} another nice move holx
[11:19] {Threei} so far working scenario is working
[11:19] {nemo} coma
[11:20] {Threei} slow slide
[11:20] {nemo} market going sideways
[11:21] {Les} ah this must be the art of tao is it?
[11:21] {nemo} cat looking short, but probably on a pullback to .18
[11:21] {Les} debating who is right?
[11:21] {nemo} crissakes
[11:21] {nemo} I
[11:21] {nemo} I'm just looking at Qs and spy
[11:22] {ese} L itmn .02
[11:25] {Threei} don't see anyone debating anyhting
[11:26] {Threei} and exchange definitely has absolutely nothing to do what tao
[11:26] {Les} never mind. looked funny in my head
[11:26] {Les} a monty python thing
[11:26] {ese} out itmn .02 -.10
[11:27] {ese} that'll teach me.....i missed my exit when i typed in my entry
[11:27] {Threei} FCX short candidate
[11:27] {Threei} watching for setup
[11:30] {nemo} support so close at .90 oy
[11:31] {Threei} no setup yet anyway
[11:31] {fernp} out MPEL +10
[11:31] {fernp} .
[11:33] {Threei} Long Setup: X .60 break if stays above .60
[11:33] {Threei} above .50
[11:34] {ese} L jaso .93
[11:37] {nemo} guess we should have reset .55 if above .45
[11:37] {Threei} rather .50 if above .40
[11:38] {Threei} this is routine, I just can't possibly type each in type
[11:38] {Les} yeh i bought in my head at .50 to see if minor correction on your setup would work
[11:38] {Threei} that's how it's supposed to work
[11:38] {Les} 50 and 200ma sitting .45
[11:38] {Threei} cathcing the bottom of pullback
[11:39] {nemo} yeah, vad...I just ha a brainfart watching fcx too
[11:40] {Les} yeh modified your setups before but don't want to finish red today so stayed out
[11:40] {Les} acor popped. out +.10
[11:41] {Les} ACOR aiming for hod
[11:43] {Threei} (CH) IMF Chief Economist: CNY appreciation is not a panacea for the US or the world economy
[11:43] {Threei} - CNY appreciation makes sense in the reallocation of resources and preventing China's economy from overheating.
[11:46] {Threei} Long Setup: ABT .25 if stays above .15
[11:46] {Les} RCL doesn't wanna slow down
[11:51] {ese} aucccchhhhh du miya!!!! cien with drive me around the bend
[11:51] {nemo} back towards sanity?
[11:52] {nemo} RIMM steady buying
[11:52] {ese} ya
[11:54] {Les} ACOR .10 b/o? back in a moment
[11:54] {Threei} I don't see ACXOR as breakout stock
[11:55] {Threei} it can bring you profits if you are in at lower levels, but breaks on it more likely to deliver a lot of turture
[12:00] {Threei} Short Setup: RIMM .90
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 435M shares, about 1% below its three-month average; advancers lead decliners by 2.3:1.
[12:00] {Threei} - NASDAQ volume 1.09B shares, about 15% above its three-month average; advancers lead decliners by 1.2:1.
[12:00] {Threei} - VIX index -3.5% to just over 21.50
[12:00] {Threei} F Reports Jan US Vehicle Sales +24.6% y/y (unadjusted) v +33%e(unadjusted); to 116K units
[12:01] {Threei} market weakens
[12:01] {Threei} let's scratch ABT
[12:03] {nemo} amzn looks breaky
[12:03] {nemo} breaky down
[12:04] {nemo} wow...only a .20 range
[12:05] {Threei} Short Setup: RIMM 65 break
[12:06] {Threei} stop above .10
[12:06] {Threei} not a scalp for me
[12:13] {Threei} want to cover first partion around .80 -.85
[12:14] {Threei} portion too
[12:14] {nemo} I was in .04 took half at .91
[12:16] {dino} tx sm l .00
[12:16] {Threei} 1.5:1
[12:17] {Threei} covering half
[12:17] {dino} gj rimm and thx
[12:17] {Threei} :)
[12:17] {Threei} want to cover the rest under .70
[12:17] {Les} ty. taken mine so I can cook dinner. later
[12:17] {nemo} How's it feel to want?
[12:18] {nemo} 200 ma at .69 vad
[12:18] {nemo} stop at .90?
[12:19] {Threei} no, too early to trail it that far
[12:19] {nemo} where then?
[12:19] {Threei} b/e still
[12:19] {nemo} where'd I get in?
[12:19] {Threei} market attacks high,
[12:19] {Threei} RIMM is solidly below
[12:20] {Threei} so I am trying to turn it into bigger winner
[12:20] {Threei} no, not your entry
[12:20] {Threei} trigger rather
[12:20] {Threei} 65
[12:20] {nemo} ty...moth brain
[12:22] {nemo} increasing volume on green
[12:30] {nemo} lunchtime death by a 1000 cuts
[12:30] {Threei} dies already RIMM
[12:30] {Threei} -s
[12:31] {Threei} that was command, not a statement
[12:31] {nemo} understood
[12:32] {nemo} 200 now at .75
[12:36] {Threei} that's an ionteresting headline:
[12:36] {Threei} EGO Hearing upgraded to Buy at UBS (timing uncertain)
[12:38] {nemo} takig last here vwap and 200 right below
[12:40] {Les} GLD looks b/downish .40
[12:41] {dino} volker, senate testimony at 2:30 fwiw. bank issues
[12:41] {nemo} Buffalo Springfield
[12:42] {Threei} who is watching Lost return today?
[12:42] {nemo} never liked that the brunette though
[12:43] {Threei} come on... the best one is I don't now how long
[12:43] {Threei} even though it makes one (gasp) think
[12:43] {Threei} is = in
[12:43] {nemo} I don' watch it
[12:43] {Threei} oh... maybe that's why you don't like it...
[12:43] {nemo} I've watched it
[12:44] {larisa} me waiting for DVD and no avertisement, so do not spoil it for me :)
[12:44] {nemo} use torrents
[12:44] {Threei} wow, you serious?
[12:44] {Threei} that's embodiment of patience
[12:44] {Threei} it will be what, 3-4 months till DVD?
[12:44] {larisa} this is how i watch it for 5 years :)
[12:45] {nemo} joy g could be interesting break of .85, stop a little big
[12:46] {Les} GS looking weak today
[12:46] {Threei} good thing you warned larisa... I could inadvertently say something material
[12:47] {larisa} you've been warned :)
[12:47] {Threei} no worry, I wouldn;t do that on purpose
[12:47] {Threei} I am capoable of many nasty things but not this
[12:48] {nemo} x testing bottom of range
[12:49] {Les} Vad, FLS 96 b/d?
[12:50] {Threei} not sure
[12:52] {Threei} DIE RIMM!!!!
[12:53] {Threei} or as magoo would have put it,
[12:53] {Threei} DIE RIMM, DIIIIEEEEEEEEEE!!!!
[12:53] {patience} where is magoosky?
[12:53] {nemo} MAGOO RIP
[12:54] {Threei} now, this is hit on world's economy:
[12:54] {Threei} Democratic Republic of Congo reportedly bans exports from 16 companies
[12:54] {nemo} their chief export was aids
[12:54] {Threei} NSANY Reports Jan US Nissan/Infinity Vehicle sales y/y: +22% v +14%e (unadjusted); to 65.5K units
[12:54] {Threei} crrrrap
[12:55] {larisa} what, missed X bottom again ? :)
[12:55] {Threei} they are not likely to be very yeilding in price haggle, are they
[12:55] {nemo} nope
[12:56] {larisa} lol
[12:56] {Threei} especially wioth Toyota fiasco
[12:56] {nemo} joyg .85 break, stop under .75
[12:56] {nemo} crap
[12:56] {Threei} with car change in a couple weeks, not really good situation
[12:56] {nemo} lunchtime still
[12:58] {Threei} wow ACOR
[12:59] {nemo} damn, shot right through
[13:00] {nemo} piss me off
[13:09] {dino} scanners solid red
[13:09] {Threei} look at BEAV
[13:09] {Threei} on daily
[13:09] {Threei} what a candle
[13:10] {Threei} slmost bear suppository
[13:11] {dino} seems areo, machinery, electrical are it today
[13:13] {Threei} vodka too
[13:13] {Threei} look CEDC
[13:14] {Threei} acor
[13:22] {Les} x getting closer to 47 b/d
[13:25] {Threei} try to guess a mark-up on movie theater popcorn
[13:27] {Threei} anyone?
[13:27] {Threei} Long Setup: TM 78 break
[13:28] {Threei} if stays above .85
[13:30] {Threei} not a scalp for me
[13:30] {ese} du du du du...........just kinda waitin on cien and jaso....du du du du
[13:31] {Threei} hmmm... why is it not rhymed?
[13:31] {Threei} tren tren tren tren, kinda waitin' on CIEN... tso tso tso, just the same on JASO
[13:32] {ese} vad BABY !!!!!!!!! just rockin
06[13:32] * Threei is kicking TM in the rear bumper
[13:32] {ese} call my agent will ya......we talk about talkin........
[13:32] {Threei} come on TM{ where is that unbridled acceleration of yours everyone speaks of
[13:33] {Threei} 1"1
[13:33] {Threei} 1:1
[13:33] {ese} am expecting the nemo!!
[13:33] {ese} hmmmmmmmmmm
[13:34] {Threei} he is deeply in CEDC products by now I suspect
[13:34] {ese} lol
[13:36] {ese} one fights the "pull the trigger" temptation right now...........arrrrrrrggggghhhhhhh......phew my left hand just grabbed my right in the nick of time phewwww
[13:36] {ese} am expecting the nemo!!
[13:37] {ese} i think his forehead is lying on top of his computer keyboard right now......comatose
[13:38] {Threei} just how many times I told him to put some stiroform at the point on chin meeting the desk
[13:38] {ese} do you think it would bring this board to life if i told them I have 30k of cien right now.....what do think?
[13:39] {nemo} I think your meds need adjusting
[13:39] {ese} have been accumulating for the best part of the day still avg price is .18
[13:40] {ese} rotflol........NEEEEEEEEEEMOOOOOOOO!
[13:41] {nemo} feels like strong rally coming
[13:41] {Threei} half out TM
[13:42] {Threei} wow, just in time
[13:42] {Threei} seond half b/e
[13:42] {Threei} second too
[13:43] {dino} oooommmeeeennnn
[13:43] {nemo} wtf dino?
[13:44] {ese} good timing vad
[13:44] {dino} :)
[13:47] {dino} partial out neu .58, +.88
[13:49] {Threei} wtg
[13:49] {dino} ty, took almost all day
[13:49] {dino} tough to get out of
[13:55] {ese} gotta go teach choir....see ya later.
[14:05] {Threei} Larisa
[14:05] {Threei} why o why you forbid me to ask who is on TV...
[14:07] {larisa} you can ask on tuesdays
[14:08] {Threei} what's today?
[14:08] {larisa} sunday
[14:09] {nemo} it's between monday and wednesday
[14:09] {Threei} OK... will wait two days
[14:09] {larisa} lol
[14:09] {nemo} and he runs this operation
[14:09] {Threei} who said one must understand calendar to trasde
[14:09] {Threei} or to be able to tell time
[14:15] {nemo} Gawd I'm bored
[14:16] {nemo} x creeping bck to that low
[14:16] {nemo} back
[14:18] {dino} zzzzzzzzzzz
[14:23] {dino} edci
[14:25] {Les} SLW another lod candidate
[14:26] {dino} amsc?
[14:27] {Threei} strong bounce candidate IMO
[14:27] {Threei} I'd just like one little pullback
[14:27] {nemo} which stock 3i
[14:27] {Threei} 14:26] {dino} amsc?
[14:28] {nemo} o.k. already extended a tad
[14:28] {dino} yes, beats, raises and drops
[14:28] {Threei} hedre is poullback
[14:28] {nemo} criminy
[14:28] {nemo} with your typing skills, can you imagine if you were in charge of launching missiles...oy
[14:28] {dino} crikey
[14:29] {dino} 36.25 thinking
[14:29] {nemo} X has also been kissing the 200 ma. could have a decent move if it moves through on volume
[14:29] {dino} .16ish was prior
[14:29] {Threei} also new order announced the day before
[14:30] {Threei} no idea what the heck with AMSC
[14:30] {nemo} be lucky to get that dino
[14:30] {dino} perhaps .50 trig
[14:31] {dino} giddy-up, in sm
[14:31] {Threei} I took .45 dino
[14:31] {dino} you dog
[14:31] {Threei} this is ridiculous
[14:31] {dino} see nemo at .52
[14:32] {nemo} what's ridiculous
[14:32] {dino} i guess if it missed it would be up
[14:32] {Threei} this selloff
[14:32] {dino} noa spike
[14:33] {Les} what selloff?
[14:33] {Threei} lol
[14:33] {nemo} go back in your coma les
[14:33] {dino} i expected a bit more
[14:34] {Les} :/
[14:37] {nemo} s cat .54 stop .62
[14:38] {Threei} (US) Treasury's Wolin urges for new clear rules for financial industry
[14:38] {Threei} - Says commercial banks should be separated from proprietary trading. Banks should not own hedge funds or private equity
[14:38] {Threei} - Says financial firms should pay for the additional costs they imposed on the financial system
[14:38] {Threei} - Cites speculation on oil, gas and equity securities as examples of restriction
[14:38] {Threei} - Suggests that limits on prop trading should apply to all banking firms but should not require existing firms to divest operations
[14:40] {nemo} stopped
[14:42] {dino} fcn to .40
[14:42] {nemo} frickin rinsed
[14:43] {dino} but never do they mention that fnm, fre was the cause by easing loan requirements
[14:44] {Threei} I totally don't get it
[14:44] {Threei} this is glass steagal
[14:44] {Threei} reinstate it and be dione with it
[14:44] {Threei} what's tyhe frikin problem
[14:45] {nemo} good operational solutions are always trumped by political solutions
[14:45] {Les} a scalp of F? .32 b/d?
[14:46] {Threei} could be, with market drop
[14:46] {Threei} need good drop to produce anything worthy though
[14:47] {Les} could be coming now
[14:47] {Les} q's testing 200 ma support
[14:57] {Threei} (IA) Iran President Ahmadinejad: Prepared to send enriched uranium overseas in exchange for 20% enriched fuel
[14:57] {Threei} - Offers to exchange three US hikers being held by Iran for Iranians held in US.
[15:00] {dino} uthr
[15:02] {dino} amsc stop is .19, back in 10
[15:03] {dino} fcn to .45
[15:10] {dino} tex to b/e
[15:12] {nemo} had a bit of a gap up in x
[15:15] {dino} this rally starting to feel like the '09 ones
[15:16] {dino} 4-7% drops, then march up
[15:16] {Threei} X pullback under .80 should be interesting for long entry for closing rally
[15:17] {nemo} I'm not used to seeing gap ups on 1 minute-should have jumped on it
[15:18] {Threei} what do you mean by gap?
[15:18] {Les} and what do you make of fcx Vad? has it got some juice to go higher into closing?
[15:19] {nemo} on my chart it shows a .05 jump between 3:10 and 3:11
[15:19] {Threei} I think so, yes
[15:19] {Threei} but need a pullback too
[15:19] {Threei} oh, I see what you mean
[15:19] {Threei} not sure what gives
[15:21] {Threei} .80 was it
[15:21] {dino} fcn to .54, zzzzzzzzzzzzzz
[15:22] {Threei} FCX, as close to .50 as possible
[15:22] {Les} ty. was about to ask
[15:24] {dino} out fcn +.43
[15:25] {dino} amsc stopped -.31
[15:26] {Threei} in .51
[15:26] {Les} .55
[15:32] {Threei} TM US govt is reportedly considering a civil penalty over accelerator recall (related CTS )
[15:32] {Threei} I like the idea... let's penalize them for all they've got, and GM ijs a king again
[15:33] {nemo} amzn going to drop, or another bull flag
[15:33] {Les} I can see Larry Summer's telling the TM CEO "you'll never sell cars in this country again!"
[15:36] {Threei} considering this avalanche of bad news, plus humiliating report for Jan... maybe eod fdrop in TM
[15:36] {Threei} .60 break could be worth trying
[15:37] {Threei} .75 invalidates it
[15:37] {ese} hey gents ...made it back for the closing
[15:37] {Threei} and whgat do you know: we are here
[15:38] {Threei} unpleasant surprise, I know
[15:38] {ese} out cien .40 +.22
[15:38] {Threei} wtg
[15:38] {Threei} 40K?
[15:38] {ese} 35k
[15:38] {dino} clw
[15:39] {ese} had the stop loss in so was too worried
[15:40] {ese} wasn't
[15:40] {dino} gj
[15:40] {ese} tks dino
[15:41] {Threei} oh come on already FCX!
[15:41] {Threei} I don't want a few cents scvalp
[15:41] {Les} come one the market. talking about dragging its behind on the ground
[15:42] {Les} come on
[15:43] {ese} thats a new one vad....scvalp.......perfect
[15:43] {Threei} lol
[15:43] {Threei} OK... out FCX
[15:43] {Les} ditto
[15:44] {nemo} followed the market eqkzaktly
[15:46] {Threei} GILD... if market rally continues, this thing goes easily to 50
[15:46] {Threei} well, not today of course
[15:49] {dino} tex stopped flat
[15:50] {dino} wow amsc, will watch it tom\orrow
[15:50] {Threei} quite something eh?
[15:51] {nemo} x finishing near the high
[15:52] {Threei} AA however looks rather pathetic
[15:52] {nemo} x could have quite run tomorrow
[15:53] {Threei} I'd say gap up tomorrow is all but guaranteed
[15:53] {Threei} barring some after makrte news
[15:53] {nemo} adp numbers tomorrow
[15:58] {nemo} spy closing with inverted H&S
[15:59] {Les} ooh yeh it's sleep time. c u's tomorrow
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {nemo} cya
[15:59] {dino} gn all, gotta hop
[15:59] {dino} thx, good time
[16:00] {dino} decent close, 1103

Monday, February 1, 2010

Feb 01 2010

Decent day with a few scalps and couple bigger trades. One that got away because we refused to chase an entry was LVS that we missed at 16.05, only to see it proceeding to over 17 not giving another chance for entry.

Session Time: Mon Feb 01 00:00:01 2010

[08:18] {Les} I CAN'T STAND IT! Someone speak please!
[08:18] {Les} GM :)
[08:26] {Les} :(
[08:26] {Threei} Good morning Les
[08:27] {Les} Vad you've gotta open a European trading office as well. I can't wait until 3:30pm to start
[08:28] {Threei} let me think about it
[08:28] {Threei} ok, I thought about it
[08:28] {Threei} nah
[08:28] {Les} what, you're not prepared to work 16 hours a day? selfish...
[08:29] {Threei} not even 12
[08:29] {Threei} although with new project on hands, it's certainly not 8
[08:29] {Les} ?
[08:30] {Les} new project to share with us?
[08:30] {Les} that you care to share with us?
[08:30] {Threei} CNLG Announces Advance Orders for 280 Systems and Other Equipment Valued at over $1,900,000
[08:31] {Threei} working title "Tao Te Ching for Traders"
[08:31] {Les} ah a new book?
[08:31] {Threei} rather an electronic course
[08:32] {Threei} title pretty much descrobes what it is about
[08:32] {Les} never heard of him
[08:32] {Threei} whom?
[08:32] {Les} Tao Te Ching
[08:32] {Threei} it's not he
[08:34] {Les} ok. given it a wiki glance. this is what Nemo is teaching?
[08:35] {Threei} I don't know if teaching is what he is doing... rather, he is a scholar of this philosophy
[08:35] {Les} cool. Where is that lazy bum?
[08:36] {Threei} snowed in?
[08:36] {Les} some more?
[08:36] {Threei} wow CNLG
[08:36] {Threei} 1.9 mil, who would have thought it's hat much for it
[08:38] {Les} someone's making out like a bandit
[08:44] {Threei} haven't expected such reaction on this one
[08:44] {strider} whatcha lookin at?
[08:44] {Threei} size of order is quite miniscule
[08:44] {Threei} CNKG strider
[08:44] {strider} :)
[08:44] {Threei} 1.9 mil in new orders
[08:44] {Threei} CNLG
[08:48] {Les} hey strider
[08:49] {fernp} Good morning everybody
[08:49] {Threei} fern :)
[08:49] {Les} hola
[08:50] {fernp} FNF nice dbi on daily
[08:50] {fernp} hola Les
[08:51] {strider} morning les
[08:51] {strider} fern, vad:)
06[08:51] * Threei slaps nemo around a bit with a large alarm clock
[08:51] {Les} haha
[08:52] {nemo} insomnia
[08:52] {Les} good film
[08:52] {nemo} nodded off at dawn
06[08:52] * Threei slaps nemo around a bit with a large bag of sleeping pills
[08:55] {Les} speaking of films, found some motivational reinforcement from Ben Affleck, off all people:
[08:55] {strider} CNLG annual sales $1.5 million
[08:55] {Les}
[08:55] {strider} just doubled the size of their business.
[08:56] {Threei} you sure it's 1.9 onj top on 1.5?
[08:56] {Threei} and not just 400K addition?
[08:57] {strider} no:)
[08:57] {strider} sold a little at .32
[08:58] {larisa} gm :)
[08:58] {Threei} larisa :)
[08:58] {Les} hi larisa
[08:58] {larisa} vad, les :)
[08:59] {Les} what widgets CNLG selling? any details?
[08:59] {strider} Conolog Corporation, together with its subsidiaries, engages in the design, manufacture, and distribution of small electronic, and electromagnetic components and subassemblies.
[08:59] {strider} They have subsidiaries:)
[09:00] {Threei} Euro vs US Dollar Dealer chatter circulating that ECB not concerned over recent weakness in Euro currency
[09:00] {Threei} - Dealers noting that the central bank might be concerned over possible spillover of Greek debt problems to other states
[09:01] {Threei} SDIX Selected Again to Produce Monoclonal Antibodies for SAIC-F to Advance Cancer Research
[09:01] {Threei} again?
[09:01] {Threei} lol
[09:05] {ese} good morning
[09:05] {Les} hey ese
[09:05] {Threei} ese :)
[09:05] {Les} head in one piece?
[09:05] {ese} hey les......countdown to Italy time
[09:06] {ese} yes much better
[09:06] {ese} morning vad
[09:07] {Les} CNLG looking for another run?
[09:08] {strider} stopped CNLG---fooled me.
[09:13] {Threei} WYNN Reportedly Jan Macau casino revenue +63.3% y/y - Portuguese media (related LVS MPEL MGM )
[09:13] {Threei} can make LVS a play
[09:18] {Les} Chinese investors have found an avenue for all that free money?
[09:23] {_moeberry} GM everyone
[09:23] {Threei} moe :)
[09:23] {strider} morning moe
[09:26] {lasertrev} morning
[09:26] {Threei} trev :)
[09:28] {i2romantis} gm all, happy hunting :)
[09:28] {Threei} i2r :)
[09:29] {Les} hi i2r
[09:29] {nemo} trev dcc
[09:31] {strider} X
[09:31] {Les} LVS
[09:32] {dino} gm
[09:32] {Threei} dino :)
[09:33] {Les} CNLG support .13
[09:35] {Les} CNLG returning to support. looking for short setup
[09:35] {dino} neu drops again
[09:36] {dino} esi too
[09:37] {fernp} WFC 29 break, Vad?
[09:37] {Threei} jusr looked at it :)
[09:37] {Threei} no
[09:38] {fernp} ok
[09:38] {Threei} unless market jumps sharply
[09:38] {Threei} dioesn't look to be in cards though
[09:38] {Threei} I am in oullback hunting mode rather
[09:39] {Threei} LVS, nexr leg down should be interesting for long entry
[09:40] {Threei} ok
[09:40] {Threei} close to entry,
[09:40] {Threei} most likely near .70,
[09:40] {Threei} watch WYNN for guidance
[09:43] {Threei} Long Setup: LVS .75 break if stays above .70
[09:45] {strider} ??
[09:45] {strider} wass above .75 when you called.
[09:46] {Threei} was .76
[09:46] {Threei} .77 was eaily available if you had it on the screen
[09:46] {fernp} WFC still around 29 and FAS breakin hod
[09:46] {Threei} it's a play now fern
[09:46] {Les} out 86 +.05 ty
[09:47] {fernp} ty
[09:47] {Threei} out LVS .90
[09:47] {strider} out .74 to .92
[09:47] {strider} :)
[09:48] {Threei} sheesh
[09:48] {Threei} so what was the problem???
[09:48] {strider} I was partialled in when you made the call....
[09:48] {strider} wanted some more, but didn't take it.
[09:48] {strider} I'm holding you responsible.
[09:49] {Threei} les, how did you get .81??
[09:49] {Threei} a bit too high
[09:49] {dino} esi sm l .00
[09:49] {Threei} (US) Preview: Jan ISM Manufacturing due out at 10:00ET
[09:49] {Threei} **consensus expectations:
[09:49] {Threei} - ISM Manufacturing: 55.5e v 55.9 prior
[09:49] {Les} I took a .80 break with .75 stop.
[09:49] {Threei} (US) Preview: Dec Construction Spending (m/m) due out at 10:00ET
[09:49] {Threei} **consensus expectation: -0.5%e v -0.6% prior
[09:50] {Threei} before the call ot after?
[09:50] {Les} seconds after. chose .80 break as WYNN was moving positively
[09:51] {Threei} ok... not sure about the logic of .75 - .80 setup when .70 - .75 was there and offered better price
[09:51] {Les} I was too late
[09:51] {Threei} BRK.b
[09:51] {Threei} what's up
[09:52] {nemo} fcx up 3 already
[09:53] {Threei} Long Setup: BRK.B .75 half lot
[09:54] {Threei} uf stays above .60
[09:54] {dino} snda gap filling
[09:56] {Threei} lol, hiSEEDt 1:1 before I typed stop
[09:57] {Threei} SEED
[09:57] {Threei} wghat's up there?
[09:57] {Threei} SEED Hearing renewed takeover chatter circulating
[09:57] {Threei} CBAK Strength attributed to chatter of a large battery supply contract
[09:58] {Threei} rumor mill is back to full speed
[10:00] {Threei} *(US) JAN ISM MANUFACTURING INDEX: 58.4 V 55.5E; PRICES PAID: 70.0 V 62.4E
[10:00] {Threei} *(US) DEC CONSTRUCTION SPENDING (M/M): -1.2% V -0.5%E
[10:00] {Threei} prior revised lower from -0.6% to -1.2%
[10:01] {Threei} Long Setup: LVS .05 if stays above .95
[10:02] {Threei} US) White House sees 2010 unemployment averaging 10.0% v 9.8% prior
[10:02] {fernp} FNF breakdown, Vad?
[10:03] {Threei} I think so
[10:03] {dino} cagc sm l .60
[10:03] {Threei} not likely to be fast though
[10:03] {fernp} yeah
[10:04] {i2romantis} MSFT
[10:06] {dino} cagc stop is .29 fwiw
[10:06] {dino} stopped
[10:08] {Threei} SBGI?
[10:08] {Threei} don't see anything fresh
[10:10] {dino} snda sm l .50
[10:10] {Threei} ir LTS for that matter
[10:10] {Threei} or
[10:10] {Threei} AMZN, what a selloff
[10:11] {Threei} thought of short on .40 breakdown but the stop was unbearably wide
[10:11] {larisa} 120.40?
[10:11] {Threei} no, 121
[10:11] {larisa} oh, scared me :)
[10:12] {Threei} lol
[10:13] {ese} L altr .75
[10:14] {Threei} .80 break should give you your spike to dump into ese
[10:15] {Threei} if you are looking for a scalp that is
[10:15] {ese} out altr .84
[10:15] {Threei} there you go
[10:15] {Threei} hpw did I know that
[10:15] {ese} +.09
[10:16] {ese} tks vad
[10:16] {Threei} AONE BofA/Merrill Lynch reiterates Underperform rating, price target $16
[10:17] {Threei} grrr
[10:17] {Threei} LVS is getting away
[10:17] {ese} whaaaaaa .83627 what the hell is that not quite .09
[10:17] {Threei} lol
[10:18] {Threei} you know what's happening ese?
[10:18] {Threei} your broker sells your order flow
[10:18] {ese} seems thats what you get when you do 4 or 5 k....never exact price
[10:18] {Threei} that's how they charge you smaller commissions,
[10:18] {Threei} making it up on the slippage
[10:19] {Threei} they get those 9 cents you wanted,
[10:19] {Threei} they give you lower fill,
[10:19] {Threei} pocket difference,
[10:19] {Threei} stealing much more than commissions from you
[10:19] {ese} ya .......that was 4k.....i'll take it
[10:19] {Threei} oldest trick in the book
[10:19] {dino} fsys
[10:19] {Threei} LVS... I am irritated
[10:22] {i2romantis} MSFT again
[10:23] {ese} L cien .95
[10:23] {ese} nice...caught that little spike
[10:24] {ese} get up there
[10:26] {ese}'ll hit13.10 for the cup part then make a little handle back to .05 and away we go
[10:26] {fernp} FAZ, Vad?
[10:26] {Threei} bounce hunt in order
[10:27] {Threei} by usual routine
[10:27] {ese} stop .94 cien
[10:30] {dino} omcl
[10:32] {ese} cup and handle prediction still intact....still lookin grimm though
[10:35] {ese} stopped
[10:35] {ese} .9345
[10:36] {ese} .?? whatever
[10:36] {Threei} there you go
[10:36] {ese} -.??
[10:36] {Threei} can't forgive myself for not nailing another entry on LVS
[10:38] {ese} stop was a little too tight for sure buy .95 stop .94 could have given it more wiggle room
[10:39] {ese} .90 would have been better
[10:40] {Les} early strength in WFC looking weak now
[10:41] {Les} l qid .23
[10:41] {fernp} EFX, Vad?
[10:41] {fernp} if breaks .30
[10:42] {Threei} doesn't feel right
[10:42] {fernp} ok ty
[10:47] {ese} dino ya there.....have ya had a gander at gci
[10:47] {ese} not quite dn 2.00 but it's got that look
[10:49] {ese} naaaaa forget it.....q missed
[10:50] {dino} hmm
[10:51] {dino} not bad report
[10:51] {ese} i wouldn't expect it to bounce......not with negative Q
[10:52] {ese} missed by almost .10
[10:53] {dino} showing .72 vs .64
[10:54] {ese} y/y ?
[10:54] {dino} homb
[10:55] {dino} pres. found dead
[10:55] {dino} homb that is
[10:55] {Les} averaging in qid .31
[10:55] {Les} out qid .35
[10:55] {dino} scanners going all red
[10:56] {ese} yup
[10:58] {strider} IDXX
[10:59] {Threei} IDXX is a bounce candidate
[10:59] {dino} jst
[11:00] {ese} and a good Q as well vad
[11:02] {Threei} looks getting ready
[11:04] {Les} BAC .23 b/d?
[11:04] {Threei} way too narrow these days
[11:05] {Les} I just wanna catch it if it fails 200 ma support
[11:05] {Threei} AMZN... Larisa, 120.40 was an entry as well {G}
[11:05] {Threei} anyone went for IDXX?
[11:06] {nemo} I just got back, what was the call
[11:06] {strider} looks too perfect, IDXX
[11:06] {Threei} no exact call, not really a stock I can do more with than general idea
[11:06] {Threei} it's a dino-type
[11:06] {nemo} oh, I didn't see anything
[11:06] {fernp} EFX didn't fall with SPY
[11:06] {dino} sm l gci .30
[11:07] {Threei} I like it much more now fern
[11:07] {fernp} yeah i will try .30 break
[11:08] {dino} homb sm l .05 stop .79
[11:08] {dino} gci stop is .08
[11:15] {Threei} Short Setup: BRK.B .50 break half lot
[11:15] {Threei} if stays under .65
[11:16] {Threei} not a scalp for me
[11:20] {Threei} invalidated
[11:21] {dino} rino
[11:21] {nemo} gld quite a snap back today
[11:23] {Threei} BRK.B valid again
[11:25] {Threei} and not again
[11:26] {Threei} Long Setup: BC 11 break
[11:26] {fernp} .90 stop?
[11:26] {Threei} .95 for extreme scalpers but I'd go with .90
[11:27] {fernp} 1:1 EFX
[11:32] {Les} brk b
[11:33] {Threei} so far, this looks like just a little bounce in the markets, with downward continuation when it's overf
[11:33] {Threei} I mean a daily chart
[11:35] {Threei} nice drop BRK.B
[11:36] {dino} out homb .82 ave, +.77
[11:36] {Threei} wtg
[11:36] {dino} ty, started off rough
[11:39] {fernp} BAC .41
[11:39] {fernp} stop under .35
[11:41] {Threei} Short Setup: ERJ .15 break
[11:42] {Threei} if stays under .25
[11:42] {nemo} great, a dino stock
[11:42] {Threei} 1 cvent spreadZ?
[11:43] {Threei} when did you see dino playing that?
[11:43] {nemo} I have, I'm talking volume
[11:43] {nemo} anyway, look at mos an fcx
[11:44] {Threei} AMZN new leg down is coming it seems
[11:45] {nemo} 114.72 is pivot support
[11:45] {nemo} and, just below .40 I have a support line drawn in for some reason
[11:46] {ese} nothing wants to go least on my scanned stocks
[11:48] {Threei} here comes AMZN
[11:48] {dino} out gci .70, +.40, thx for heads up on it es
[11:49] {ese} nice dino......i stopped following it....wrongly as it apears
[11:50] {ese} nice bounce off 14 basically
[11:50] {ese} am hunting cien around 13
[11:50] {nemo} amzn should bounce at .72
[11:56] {fernp} MSFT .20 break, Vad?
[11:56] {fernp} if qqqq bounces
[11:56] {nemo} joyg, looks short below .80 stop .90
[11:57] {Threei} if holding .15
[11:57] {fernp} ok
[11:57] {Threei} don't want to give it room to .10 really
[11:58] {nemo} amzn amazing
[11:58] {fernp} that was my original stop. Under .10
[11:58] {Les} brk b
[11:58] {Threei} this C&H it's building doesdn't have right volume configuration fern
[11:58] {Threei} so I am skeptical
[11:58] {fernp} ok
[11:59] {nemo} 1/2 out joyg ..70
[11:59] {nemo} 1/4 more . 60
[12:00] {nemo} stop to b/e
[12:00] {Threei} wtg
[12:00] {nemo} yeah...considering how fractured my concentration is today
[12:00] {nemo} ty
[12:01] {Threei} Market Internals update at 12:00pmET
[12:01] {Threei} - NYSE volume 395M shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.
[12:01] {Threei} - NASDAQ volume 1.01B shares, about 10% above its three-month average; advancers lead decliners by 1.2:1.
[12:01] {Threei} - VIX index -7% to just under 23.00
[12:02] {strider} vad, you stopping ERJ above ..25?
[12:03] {nemo} stopped last joyg
[12:03] {nemo} damn, dropped
[12:03] {nemo} bastid
[12:03] {Threei} yes strider
[12:06] {nemo} appointment trading at it's best -erj
[12:08] {nemo} mos coul e interesting, look at offer at .50, but it is lunch
[12:09] {Threei} RADA Receives $4.5M New Orders During January 2010
[12:09] {Les} jeezuz nemo, you perform vodoo magic on ERJ to get it to move that quickly?
[12:09] {nemo} shamanism
[12:09] {Threei} rain dance
[12:10] {Threei} nemo in tutu
[12:10] {Les} speaking of false idols
[12:10] {nemo} nahhh...that stuff is too modern...less effective
[12:10] {Threei} ese is dtumming
[12:10] {nemo} don't laugh, there's a charcoal drawing of me hanging in the Getty museum in California
[12:11] {Threei} lol... got whole 100 shares of RAD at .60
[12:11] {Threei} RADA
[12:11] {Threei} sll there was, next offer was .85
[12:11] {dino} neu
[12:11] {Threei} do I take my mind-boggling 25 bucks profit?
[12:12] {Les} hey I used to work one hour for such a sum of money!
[12:12] {Threei} yeah, but I am already out of burger-flipping age
[12:12] {Threei} stop under .50, offering 3.10
[12:13] {Les} lol
[12:14] {Threei} who is an imbecile selling into bid with 30 cents spread, I want to know
[12:14] {nemo} Les???
[12:14] {Threei} I can see trout being raised
[12:14] {dino} lol
06[12:15] * nemo unsnaps trout holster
[12:15] {strider} watch where you point that thing.
[12:15] {Threei} lol
[12:15] {Les} IT WASN'T ME!
[12:16] {strider} I think ERJ has the urge.
[12:16] {Threei} ERJ... held stop level with amazing precision
[12:16] {Threei} hard to tell what kind of odds it has to work
[12:16] {Threei} chart is right, but as nemo said... trades by appointment
[12:16] {nemo} lunch too
[12:20] {strider} CNLG:)
[12:21] {nemo} mos short, but, 200 ma at .10
[12:21] {Threei} you in strider?
[12:22] {strider}
[12:22] {strider} My rational mind overruled the market.
[12:23] {nemo} cat
[12:23] {nemo} short if it fails .85 again
[12:24] {nemo} stays under .95
[12:24] {Threei} OPTT Awarded $380K of added funding for PowerBuoy's commissioning and in-ocean operation (update)
[12:24] {Threei} - Funding granted after successful deployment of Powerbuoy at Marine Corp base in Hawaii.
[12:24] {strider} charts are really sluggish today.
[12:25] {nemo} oh well on cat
[12:27] {Threei} not a suggestion of a play right now, but overall, OPTT is an intriguing one
[12:27] {nemo} cat establishing a range
[12:28] {strider} As all cats do.
[12:28] {Threei} and dropped quite nicely on daily
[12:28] {strider} Is it peeing on everything?
06[12:28] * nemo slaps strider around a bit with a large tiger trout
[12:28] {ese} ok heres one for you....if you are having chart problems...have been getting nothing but dashes on my charts for the last 45 min....turns out my computor time switched time zones and it wasn't synced up with the brokers time...go figure
[12:28] {nemo} musicians
[12:28] {ese} watch out for that one
[12:29] {nemo} That's alright...I got one for you
[12:29] {Les} bloody hell! what am I look at then?
[12:29] {nemo} You log in...the layout you have isn't quite there
[12:29] {Les} Yesterday?
[12:29] {ese} ya lost my sense of time....basically the worst thing that could happen
[12:29] {nemo} You go to reopen the layout, and the program crashes
[12:29] {nemo} and crashes
[12:29] {nemo} and crashes
[12:30] {fernp} took MSFT 1:1 here
[12:30] {dino} neu sm l .50 risky
[12:35] {Les} LVS approaching hod again.
[12:39] {ese} cien trading range .90 to.00 all morning bstop .01
[12:45] {Les} $ steady but $GOLD up nearly $25
[12:46] {Threei} looking at GLD daily, natural bounce off 105 support
[12:46] {ese} ok bought some at .00 2k
[12:46] {ese} cien
[12:50] {ese} l cien avg .013
[12:53] {Les} q's still flirting with resistance. a break would be nice
[12:55] {ese} ya
[12:57] {ese} me thinks i'm gonna hold my position in senses still say up
[12:59] {ese} l acor.75
[12:59] {ese} it hit a bstop from3 days ago
[13:01] {ese} out acor .86
[13:01] {ese} +.11
[13:04] {dino} gj
[13:04] {dino} out neu .35, +.85
[13:04] {ese} gj as well
[13:05] {dino} thx
[13:14] {Threei} (US) White House Press Secretary Gibbs: jobs are now priority over deficit in the short term
[13:14] {Threei} now?
[13:14] {Threei} they weren't priority 6 months ago? or we got deficit under control so we can focus on jobs?
[13:14] {nemo} yeah, so they'll put the grandkids in more debt to pay for makework today
[13:15] {Threei} GLD
[13:15] {Les} yeh i think the smarter pundits understood the baloney headlines: Obama can't fix deficit and jobs at same time
[13:15] {Threei} pulling back into 108 support
[13:16] {Threei} - Chinese sanctions threat against US companies involved in the arms sales in Taiwan are not warranted
[13:16] {Threei} *** Reminder: On 01/29 Obama administration would notify the congress of proposed $6B sales of arms to Taiwan which would include helicopters and missile defense technology. On 01/30 it was reported that China would consider imposing sanctions on US firms that partake in arms sales to Taiwan
[13:18] {Threei} Long Setup: GLD .15 break
[13:18] {Threei} stop under 108
[13:20] {Threei} US) NY Atty General Cuomo scheduled to announce a domestic agreement on banking fees at approx 14:00ET
[13:20] {Threei} GE Exec: Seeking acquisitions in the smart grid segment; transmission division could seek to increase R&D spending (related ITRI GRID ACPW CPST FCEL PLUG BGC CHP CNP TLVT AIRN BCON )
[13:21] {Threei} (CH) IMF's Blanchard: China must raise domestic consumption
[13:22] {Threei} what a weird directive
[13:22] {nemo} yeah
[13:22] {Threei} "you guys start eating more!"
[13:22] {nemo} no, that would make food more expensive
[13:23] {Threei} ok... watch more TV?
[13:23] {nemo} o.k.
[13:23] {nemo} but that will make tv's more expensive
[13:23] {Threei} -China should allow for the CNY to appreciate and slow down external demand
[13:23] {nemo} whatever they consume does nothing for us
[13:24] {Threei} let's start tightening GLD
[13:24] {Threei} stop to .05
[13:24] {Threei} under .10 now
[13:25] {Threei} offer 1/2 at 1:1
[13:25] {Threei} scalpers just get out
[13:27] {Threei} offer seond half above .40
[13:28] {Les} ERJ 1:1
[13:28] {Threei} trail stop to under b/e only after .30 break and spike
[13:29] {Threei} yeah, took its sweet time
[13:29] {Threei} but finally worked
[13:34] {strider} Gone for awhile....might be back before the close. See ya.
[13:34] {nemo} wfc is gradually losing altitude down to support...look at 5 minute chart
[13:36] {nemo} you like x short vad?
[13:36] {nemo} .89 stop .97?
[13:36] {Threei} stop above 47
[13:36] {nemo} I figure the bb 13 period average
[13:37] {nemo} if it holds above that, not weak enough
[13:37] {Threei} yeah but it's a very weird place stop
[13:37] {nemo} who you talking too?
[13:37] {Threei} with 47 being so cvlose, no one will pay attention to .97 as having any importance
[13:37] {nemo} o.k., nobody takes me seriously
[13:38] {Les} SLW might fall through 50 ma support. .80 b/d with .90 stop?
[13:39] {Threei} late
[13:39] {Threei} but it's worth waiting for a bounce anyway
[13:39] {nemo} come on give me 1:1
[13:39] {Les} ok
[13:39] {Threei} nemo, see how .97 didn't hold but 47 did?
[13:39] {nemo} ype
[13:40] {nemo} yes, ty
[13:40] {Threei} formally, you are right,
[13:40] {nemo} market should listen to me though
[13:40] {Threei} that BB did create a resistance,
[13:40] {Threei} but when it's so close to even numbers
[13:40] {nemo} somewhere else it might be valid then
[13:40] {Threei} noone considers it real resistance
[13:41] {Threei} yes, look at it this way:
[13:41] {Threei} it's a bit of a jumpy stock anyway,
[13:41] {Threei} so you can't be this precise on it,
[13:41] {Threei} 2-3 cents pon it is kind of given slippage
[13:41] {Threei} now, even numbers create kind of reinforcement when they coincide with this kind of supoport or resistance
[13:42] {Threei} dictated by BBs
[13:42] {Threei} and when they are just 2-3 cents away, they will usually take prevalence
[13:42] {nemo} yes, so price level and bb create stronger support/resistance
[13:42] {Threei} simply because they are easier to perceive
[13:43] {Threei} BB or any other indicator, after all, does notthing but reflecvts certain patterns of perception
[13:43] {Threei} and it's much easier for us to pereceive 47 as resistance than 46.97
[13:44] {nemo} .90 creating quite the resistance I guess that period form 1 to 1:18 helps too
[13:44] {nemo} oh now we have an H&S
[13:45] {nemo} only .01 from 1:2 should I move the stop to .80
[13:46] {Les} wfc .76 b/d?
[13:47] {nemo} 1:2
[13:47] {nemo} sop is now .80
[13:47] {nemo} or,out
[13:47] {nemo} bastid
[13:47] {nemo} I'm probably going to regret not making the stop the BB ma
[13:51] {nemo} well, I guess I don't regret it
[13:55] {Threei} amazingly, GM still has the most market share in US
[13:55] {Threei} 19.8% vs Toyota 17+
[13:57] {Threei} ese, look dcc please
[13:57] {Les} s wfc .74
[14:02] {ese} gone for day....see ya tomorrow
[14:03] {i2romantis} take care ese
[14:03] {fernp} bye ese
[14:03] {Les} ciao
[14:06] {Threei} OPTT intrigues me
[14:09] {Les} nice breakout triangle forming on OPTT
[14:10] {Threei} look at daily also
[14:10] {Les} hmm support area
[14:11] {nemo} x is playing around support 200 ma and pivot support in the .60-.65 area
[14:13] {Les} wfc approaching lod b/d
[14:13] {Les} half out .58
[14:14] {i2romantis} gj les
[14:14] {Les} ta
[14:17] {Les} all out .60. FAS bounce time. I've the impression that market is being moved by financials...
[14:18] {nemo} or natural bounce from oversold
[14:18] {Threei} I'd say finnies and commodities
[14:18] {Les} yeh. I've screwed up BRK.B so I'll take the cash
[14:20] {nemo} amzn at vwap, breaks through on volume will probably go a bit, other wise, fading here might be good
[14:22] {Threei} OPTT honetly trying
[14:27] {Les} BAC might be good for a type 1 if FAS resumes downtrend. WFC needs consolidatoin
[14:34] {Threei} Market Internals update at 2:00pmET
[14:34] {Threei} - NYSE volume 560M shares, about 11% below its three-month average; advancers lead decliners by 3.7:1.
[14:34] {Threei} - NASDAQ volume 1.46B shares, about 9% above its three-month average; advancers lead decliners by 1.6:1.
[14:34] {Threei} - VIX index -7% to just under 23.00
[14:47] {dino} .
[14:48] {Threei} volume is about half of Friday's on SPY
[14:48] {nemo} low volume rally...not especially healthy
[14:48] {Threei} no
[14:49] {dino} snda out .95, +.45 all dayer
[14:49] {nemo} if we get "long covering" into the close, that will confirm
[14:49] {dino} only thing is nemo, that has been the pattern since spring
[14:49] {nemo} what?
[14:50] {dino} low vol. rally
[14:51] {fernp} gotta go. good day here. one stop and six 1:1 ty Vad for your patience with me :-)
[14:51] {dino} cya
[14:51] {Threei} take care fern, good job
[14:51] {fernp} good evening everybody. see you all tomorrow
[14:51] {nemo} not sure about that Dino...volumes were much bigger when everyone thought it was the end of the world, so I'm not sure that period isn't an anomoly
[14:51] {Threei} npot sure how my patience comes in play
[14:51] {Threei} but why not
[14:57] {nemo} fcx 3rd attempt at HOD
[14:57] {Threei} and a little C&H
[14:58] {nemo} not liking T&S though
[14:58] {Threei} why?
[14:58] {Threei} very fine T&S
[14:58] {Threei} green, red
[14:59] {nemo} I look away, silly me....I saw the orders all of a sudden come in at .15
[14:59] {Threei} almost no white
[14:59] {nemo} then you had a bunch at .14 but they dropped
[14:59] {nemo} somebody's playing games
[14:59] {Threei} I don't think you can get any meaningful information from T&S on FCX
[14:59] {nemo} well
[15:01] {nemo} I saw thousands of orders come in at .15
[15:02] {nemo} they dropped and the stock popped
[15:02] {nemo} then I saw 1000s come in at .14
[15:02] {nemo} they dropped without the buying
[15:02] {nemo} there was some gamesmanship right there...I don't understand it completely, but I saw it
[15:03] {nemo} then again, my perception can be a co-conspirator in deception :)
[15:16] {Threei} ok, let's see if we get selloff on the last hour
[15:17] {Threei} Short Setup: GLD .25 break if stays under .35
[15:18] {Threei} Short Setup: FCX .70
[15:18] {Threei} if stays under .85
[15:18] {nemo} when gold invalidated fcx invalidated
[15:18] {Threei} both are kind of "keep an eye on if invalidated by just little"
[15:18] {nemo} shoulda' actually gone long on the lead
[15:26] {Threei} spike
[15:26] {Threei} no selloff
[15:27] {nemo} figures, just the opposite of what we were looking for
[15:32] {patience} i'm thinking it is an 'up' week
[15:32] {nemo} Well, at least relief from oversold last week
[15:32] {nemo} Of course, with that budget Obama just sent up, we're talking QEII coming
[15:33] {larisa} lol, just saw that, vad thinks burger flippers make $25 per hour in US :)
[15:33] {nemo} minimum wage
[15:34] {larisa} right
[15:34] {Threei} do I?
[15:34] {larisa} you do :) just saw your comment at 12
[15:34] {nemo} yeah you were talking about taking your $25 profit on a stock
[15:34] {nemo} then Les said that's what it used to take him an hour of work to make
[15:34] {Threei} I meant for the day
[15:34] {larisa} oh
[15:34] {nemo} then you made a flippant comment about burger flippers
[15:36] {Threei} burger flippers shouldn't take it personal - I simply make flippant comments, and whoever happen to pass by at the moment finds himself on the other end of it
[15:36] {Les} egg on their face...
06[15:37] * strider slaps Threei around a bit with a large Big Mac
[15:37] {Les} hmmm bacon double cheese burger...
[15:37] {larisa} I started my engineering career in US with 26 per hour. Was happy with that :)
[15:37] {dino} burger on the face
[15:38] {Threei} fairly decent wage in Canada
[15:38] {Threei} wat, is it tpoo low for US?
[15:39] {larisa} it is on low end of professional career
[15:40] {larisa} LVS does not stop
[15:42] {dino} leap
[15:42] {Threei} can't believe we got 16.05 entry invalidated on LVS
[15:44] {larisa} AMZN bounced $5 of bottom. wild today
[15:44] {nemo} candidate for overnight lvs finishing near high?
[15:44] {Threei} nah
[15:44] {dino} sm s leap .74
[15:44] {nemo} why not?
[15:45] {Threei} what is it about the markert or this name that makes you think we get a gap tomorrow?
[15:45] {Threei} there is no late day news not digested by market yet,
[15:45] {nemo} finishing near the high on volume, so far
[15:46] {Threei} no 52 week highs that would hit a lot of eod scannerrs
[15:46] {nemo} market was way oversold, and probably is still oversold
[15:46] {Threei} the rest is 50/50
[15:46] {Threei} yes
[15:46] {Threei} how do you tell 1 day bounce from trend reversal that sustains for a few days?
[15:47] {nemo} I'll take that as rhetorical...proceed please
[15:47] {Threei} no, that's actual point of decision making
[15:47] {Threei} we have no indocation of either
[15:48] {Threei} thus counting on gap is a coin toss
[15:48] {Threei} 50/50
[15:48] {nemo} o.k.
[15:48] {Threei} what I want to see for a gap is something that will sure attract atention of the crowd coming home from dat job,
[15:48] {Threei} seeing something they want to own next morning
[15:49] {Threei} and submitting their "buy on open" orders
[15:49] {nemo} didn't wynn report revenues way up?
[15:49] {nemo} [09:13] {&Threei} WYNN Reportedly Jan Macau casino revenue +63.3% y/y - Portuguese media (related LVS MPEL MGM )
[15:50] {Threei} early morning news
[15:50] {Threei} [15:45] {Threei} there is no late day news not digested by market yet,
[15:50] {Threei} [15:45] {nemo} finishing near the high on volume, so far
[15:53] {nemo} like that
[15:57] {Les} ok. nighty night
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {nemo} Lvs baby
[15:58] {dino} cov leap -.10
[15:59] {dino} nice finish, imo
[15:59] {larisa} bye all
[16:00] {dino} gn all, thx, decent day

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