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Monday, March 8, 2010

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Mar 08 2010

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5 calls, 5 wins - AIG, VXX, SEED... all of them early in the day, then traditional period of boredom. The range was so narrow that even those morning moves were a miracle. Calm before the storm.

Session Time: Mon Mar 08 00:00:00 2010

[08:13] {Threei} RF Micro Devices, Inc. Guides Q2 $0.11-0.12 v $0.10e; R $240-245M v $232Me
[08:13] {Threei} - RFMD is experiencing broad-based strength in its core business this quarter, with current customer demand significantly outpacing original expectations in both the cellular products group and multi-market products group. RFMD is seeing particular strength in China and Korea and expects continued market share gains across leading cellular baseband providers and handset manufacturers this calendar year.
[08:31] {Threei} [EBIX] Reports Q4 $0.92 v $0.27e, R$31.3M v $30Me
[08:32] {Threei} LIOX Awarded Contract by Department of Homeland Security for Over the Phone Interpretation Services
[08:32] {Threei} - Expects Contract to Generate Approximately $7 Million
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:56] {Threei} FDIC's Bair: Evaluating many options with regards to GSEs; could nationalize FNM, FRE or remove them entirely (related FNM FRE )
[09:01] {Threei} NKTR Announces Positive Phase 2 Clinical Data from First Stage of NKTR-102 Study in Women with Platinum-Resistant Ovarian Cancer (14.94, 0.00, 0.00%)
06[09:12] * nemo slaps Les around a bit with a large trout
[09:13] {Threei} I giess that was as close to good morning in nemo's terms as it gets
[09:13] {nemo} hehehehe
[09:13] {Les} noticed difficulty crowd here has facing monday mornings. I feel like that too in the morn...
[09:13] {Les} but now I'm on to my first beer for the week
[09:14] {Les} everythings fine now
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:15] {nemo} There he is...Mr. Obscene Profits
[09:16] {nemo} geez...what got into Rimm this morning
[09:16] {Les} morning guvernors
[09:16] {Threei} Les :)
[09:16] {Threei} RIMM BMO Capital Markets Raised RIMM to Outperform from Market Perform, price target: $88
[09:18] {RonS} gmorning all. check SEED
[09:18] {Threei} Ron :)
[09:18] {nemo} bull flag
[09:18] {dino} already see'd it
[09:18] {dino} :)
[09:18] {Threei} no news SEED that I see
[09:19] {Les}
[09:19] {Les} Uni has begun. table back to normal now.
[09:19] {Les} vad would be proud
[09:19] {Threei} much better
[09:19] {nemo} literature and what f-18s?
[09:19] {jfjf64} mornin
[09:19] {Threei} jf :)
[09:20] {Les} jf
[09:20] {Les} sure. one perk of being a grunt was getting close to noisy fast jets
[09:20] {dino} prem brand pesticide, developes strayegic business
[09:21] {billyc} gm everyone
[09:21] {Les} billy
[09:21] {billyc} hey les
[09:22] {Les} AIG is perking up. asset sale equals higher stock price...
[09:22] {Threei} billy :)
[09:22] {billyc} vad
[09:22] {lasertrev} morning
[09:22] {Threei} so far on radar:
[09:22] {Threei} RFMD, SEED, AIG
[09:22] {Threei} trev :)
[09:23] {strider} Morning folken
[09:23] {Threei} strider :)
[09:23] {Threei} NKTR
[09:23] {strider} :)
[09:23] {nemo} hgsi
[09:24] {nemo} very near 52 week high
[09:29] {nemo} then drops .50 cents
[09:29] {dino} ttm
[09:32] {dino} ssp?
[09:32] {Threei} no fresh news
[09:33] {dino} volc gap around22
[09:33] {Les} AIG on this pullback?
[09:33] {Threei} AIG, watching for long on pullback, under .50
[09:35] {Threei} jump right out of the gate everywhere, no chance for entry
[09:36] {Threei} watching SEDD on pullback
[09:36] {Threei} SEED
[09:36] {Threei} under .60
[09:36] {Threei} half lot
[09:36] {dino} tnh
[09:37] {Threei} DRYS Hearing early strength being attributed to takeover chatter (5.79, +0.13, 2.30%)
[09:38] {Threei} AIG momo
[09:38] {fernp} hgsi, Vad?
[09:39] {Threei} .80 break half lot, wrth a try
[09:39] {Threei} stop under .60
[09:39] {fernp} yeah
[09:39] {Threei} for pesky scalpers .70
[09:39] {Threei} easy to get shaken out though
[09:39] {Threei} ok AIG, should dive now
[09:40] {Threei} keep half lot ready
[09:41] {Threei} one more leg
[09:41] {Threei} .50 break
[09:41] {Threei} .35 stop
[09:42] {Threei} 1:1
[09:42] {nemo} too quick for me
[09:42] {dino} ncs reverse 1/5
[09:42] {Threei} second chance
[09:43] {Threei} stop under .40 this time
[09:43] {Threei} 1:1
[09:44] {Threei} not going for third
[09:46] {Threei} Long Setup: VXX .77
[09:46] {Threei} if stays above .70
[09:46] {dino} lol scok -5
[09:47] {Threei} CSIQ Ticks higher on vague takeover chatter (21.51, -0.02, -0.09%)
[09:48] {dino} schl
[09:48] {nemo} 1/2 out .84
[09:48] {nemo} ty
[09:48] {Threei} yw
[09:49] {jfjf64} tck any read pullbk
[09:50] {dino} gj
[09:50] {Threei} a tad more, IMO
[09:50] {Threei} .40 break now
[09:50] {Threei} if holding .30
[09:50] {nemo} stop on vxx .75 now?
[09:51] {Threei} and then every 10 cents if losing it, same setup
[09:51] {Threei} yes nemo
[09:51] {dino} schl sm l .51
[09:51] {Threei} offer 1/4 more at .93 - .93
[09:51] {Threei} .92 - .93
[09:51] {dino} stop .19
[09:51] {dino} cresy?
[09:52] {Threei} no news
[09:52] {dino} ncs would think short off reverse 1/5 split
[09:52] {dino} nor here cresy
[09:53] {Threei} if you took .30 recross on TCK you have 1:1 here at least
[09:54] {jfjf64} ty
[09:54] {Threei} I say at least because with such entry stop would be under .25
[09:54] {Threei} VXX, ready for the next leg or for shakeout
[09:54] {Threei} we will know which it is very soon
[09:54] {Threei} IMO, next leg up
[09:56] {Threei} Long Setup: AIG .50 break
[09:56] {Threei} half lot
[09:56] {Threei} stop under .35
[09:57] {RonS} IMAX for a bounce w/ 14.20 sl?
[09:58] {Threei} I'd prefer it lower...
[09:58] {Threei} this entry is likely to be more struggle than I'd like
[09:58] {dino} lod
[09:59] {Threei} VXX second target hit, 1/4 more out
[10:00] {nemo} ty
[10:00] {Threei} stop is still .75 for the last piece
[10:00] {Threei} target is above 24
[10:01] {dino} gj
[10:02] {Threei} (US) Fed to expand number of firms participating in reverse repo facility; warns no inferences should be drawn regarding monetary policy
[10:02] {Threei} - The New York Fed requires firms having net assets of no less than $20B for six consecutive months prior to applying as a reverse repo counterparty.
[10:02] {Threei} - Additional counterparties for reverse repos program will not be eligible to participate in other transactions conducted by the New York Fed.
[10:03] {Les} spot gold just took a good dumping.miners are a short now... maybe
[10:03] {Threei} AIG 1:1
[10:05] {strider} AMAT dbl bottom
[10:05] {Threei} hmm
[10:05] {Threei} looks more like breakdown to me
[10:06] {strider} could be.
[10:06] {nemo} RIMM DT?
[10:06] {dino} cfi hl l .71
[10:07] {Threei} not clear yet on RIMM
[10:07] {nemo} classic dino
[10:08] {dino} uta
[10:09] {nemo} BJ Thomas going through my head
[10:09] {dino} rimm toughie for me nemo, staying away
[10:09] {nemo} wouldn't expect you would
[10:09] {Les} AUY .28 B/D? type 1
[10:09] {nemo} I mean't cfi Dino
[10:10] {Threei} .40 breakdown was much cleaner setup on AUY
[10:10] {Threei} now I'd rather try on bounces
[10:10] {Les} ok. wind back the tape for me mistro
[10:10] {Les} :)
[10:10] {dino} ok nemo
[10:11] {nemo} aig .50 bd on big bid breakdown
[10:11] {Threei} VXX last part is closed
[10:11] {Threei} no complaints here
[10:11] {nemo} aig look .60 break?
[10:12] {Threei} not sure
[10:12] {nemo} 50/49?
[10:12] {nemo} 51/49?
[10:12] {Threei} not sure even about that
[10:12] {nemo} ahhh, the old definite maybe
[10:12] {Threei} right, and very uncertain
[10:13] {Les} sxci
[10:13] {Threei} 4 for 4 so far
[10:13] {Threei} this is Monday for crisssakes... let's go home
[10:14] {Les} someone rolls out the wrong side of bed monday...
[10:14] {Threei} watching SEED
[10:15] {Threei} not sure for what but something should shape up
[10:15] {Les} TIVO 17?
[10:16] {Threei} nah
[10:16] {Threei} TIVO is out of gas and goes through the resting period
[10:16] {Threei} it will become a player again
[10:16] {Les} might try a .90 b/d on it then
[10:16] {Threei} but until it does, it will be pretty random
[10:18] {RonS} Vad , is CMRG too thin and tight to play?
[10:19] {Threei} trades by appointment...
[10:19] {Threei} I am not a big fun of thesde
[10:19] {dino} fdx sm l .50
[10:19] {RonS} tx
[10:19] {nemo} aig on steady trajectory
[10:21] {RonS} GS strength could be playing into AIG...
[10:22] {nemo} rimm break
[10:25] {Threei} wow
[10:25] {nemo} rimm?
[10:25] {dino} bcsi
[10:25] {Threei} yeah
[10:28] {Threei} just when I hought of .40 break on SEED for short, it went down so fast, I was hesitant to try it on a bounce
[10:31] {Threei} oh boy
[10:31] {Threei} this is total classic
[10:31] {Threei} dino, you are going to love it
[10:31] {Threei} (GR) Greece PM: Must have clear rules on shorts, naked shorts, and credit default swpas; G20 should take a look at speculators
[10:31] {Threei} this is who is to balme! get'em!
[10:31] {Les} software issues today. can only buy in 1's and 2's and slowly at that. will try again towards closing.
[10:31] {Threei} where is tar and feathers
[10:32] {Les} yeh, Sarkozy is jawing off at speculators
[10:32] {Threei} OK, SEED
[10:32] {Threei} IMO, short into this bounce
[10:32] {Threei} ideally, going over .40,
[10:32] {Threei} staying under .50,
[10:32] {Threei} then breaking down .40 again
[10:33] {nemo} or break of .37
[10:33] {nemo} .40 is where it opened
[10:33] {Threei} with 4-5 cets stop?
[10:33] {nemo} well .44
[10:33] {nemo} in
[10:34] {nemo} damn qs onna bounce here
[10:35] {Threei} so far so good
[10:36] {Threei} 1:1
[10:36] {nemo} ty
[10:36] {Threei} your entry
[10:36] {Threei} mine was only the general idea
[10:36] {nemo} oh
[10:36] {nemo} hehehe
[10:36] {Threei} this is kind of risk based setup
[10:37] {Threei} worth trying on risk being so small, even 50/50 is good enough
[10:41] {dino} vad dcc please
[10:46] {magoo} in
[10:46] {nemo} ?
[10:46] {Threei} what's so weird about it?
[10:46] {nemo} seed?
[10:46] {Threei} SEED lost readability
[10:46] {nemo} what's he in?
[10:47] {nemo} What do they say about shorting a dull market?
[10:47] {magoo} when i logged in it says evaluation period has expired...u know there usually are days in there like 76 until
[10:48] {magoo} and vad, u last time klike added it to 350 days
[10:48] {Threei} I don't even know where you tried to login
[10:48] {Threei} are you talking about room or scanner?
[10:48] {magoo} THIS ROOM
[10:48] {Threei} I added days to your scanner,
[10:48] {RonS} IMAX read?
[10:48] {Threei} room doesn't expire
[10:49] {magoo} hmmm..realy..ok
[10:49] {Threei} IMAX is toughie... I believe it's not over, should make new highs,
[10:49] {Threei} but read on it is not an easy thing
[10:49] {Threei} it rarely forms clean consolidations
[10:50] {Threei} mags, you haven't even tried to login to this room before this one and sucessful try... I don't know what door you knocked on, lol
[10:51] {magoo} im lost i guess (sigh..again)
[10:52] {Threei} oh boy
[10:52] {Threei} ECB's Stark: A European IMF style institution would be against the rules of the EMU; could create false incentives and place burden on some countries
[10:52] {Threei} - highlights that the fund would allow countries with weak finances to continue poor policies
[10:52] {Threei} - creation of such a fund could harm the acceptance of the Euro
[10:52] {Threei} - feels reforms of stability adn growth agreements is the better way forward, with penalties for countries who break deficit rules
[10:52] {Threei} - Note: German Fin Min over the weekend called for the establishment of a European IMF style organizatio
[10:52] {Threei} germany called to establish that??
[10:53] {Threei} last country I'd expect to want that
[10:53] {Threei} mags, your scanner is OK?
[10:55] {jfjf64} rimm monster
[10:56] {magoo} sorry vad, i dont know what happened just thgen
[10:56] {Threei} no problem
[10:58] {Les} TIVO
[11:02] {magoo} rimm strong today, news?
[11:02] {fernp} VXX .60 b/d, vad?
[11:02] {nemo} upgrade
[11:02] {magoo} ah.ty
[11:02] {magoo} its been a dog lately
[11:03] {Threei} I am hesitant to use VXX as market upward vehicle, fern
[11:03] {Threei} playing it long when market reverses, yes
[11:03] {nemo} over 72 I think you'll see it in play mags
[11:03] {Threei} short when market advances, less and less liking risk reward on that
[11:03] {fernp} ah!! ok ty
[11:03] {nemo} I hesitated on the .85 break
[11:06] {Threei} look at SPY range
[11:07] {Threei} how did we manage to find what we did, lol
[11:08] {nemo} wonder if rimm bolts if it breaks 73
[11:08] {Threei} most likely
[11:08] {magoo} dunno..its already up huge
[11:09] {magoo} really only like if pulls back
[11:10] {magoo} and it may not
[11:10] {Threei} this is one of those mags... "I'll just go up and up while ya'll say Can't believe it"
[11:11] {Threei} "and when you finally can't stand the pain of being left out and jump in, that's when I reverse"
[11:12] {nemo} it's a relatively sustainable rise no real euphoria
[11:12] {strider} TM
[11:16] {dino} stuck in a tight range again
[11:18] {nemo} fcx bounce area
[11:21] {dino} out fdx flat
[11:25] {Threei} larisa is not here, so:
[11:25] {Threei} guess who is coming on TV
[11:27] {magoo} dennis rodman?
[11:27] {nemo} original
[11:29] {dino} braney frank
[11:29] {RonS} Rodman quote (after breaking fro Carmen Elecktra): There is not a beautiful woman in the world who has some guy, somewhere thanking God he's away from her".
[11:29] {magoo} imagine if obamanation started getting piercings and tats lol
[11:30] {dino} and frank standing behind him
[11:30] {nemo} hahahaha
[11:31] {Threei} rofl
[11:31] {Threei} you guys
[11:32] {Threei} market is trying to break down
[11:33] {magoo} if so rimm could be a short scalp opportunity
[11:34] {Threei} I'd be hesitant to buy VXX break of .80, but quick pullback to or under .70, I will be interested
[11:34] {Threei} .60 break though, I regret ignoring
[11:34] {RonS} rimm has been acting on its own...
[11:36] {nemo} FAS could be long here
[11:36] {nemo} maybe a little pullback. to .95 would set up IH&S
[11:38] {Threei} IUSA Confirms to be acquired by CCMP capital; at $8.00/shr in cash (8.16, 0.00, 0.00%)
[11:38] {Threei} takeunder, eh
[11:38] {Threei} OK VXX
[11:38] {Threei} .70 break worth trying
[11:38] {Threei} scalping stop .65, day trading .60
[11:41] {Threei} change to aggressive entry
[11:42] {Threei} recross .60
[11:42] {Threei} .55 stop
[11:42] {magoo} in .63
[11:42] {Threei} getting slow mags... .61 was easily available
[11:43] {magoo} agree
[11:43] {Threei} I can't watch this indoctrination
[11:44] {Threei} "we are told market forces should take care of costs, well, we tried that, it doesn't work"
[11:45] {Threei} students applaud
[11:47] {dino} cohn
[11:49] {Threei} market can't decide whether to break down or return into range
[11:50] {nemo} cat looking breakdownish
[12:01] {Threei} 1:1
[12:01] {magoo} u taking thast?
[12:01] {Threei} half
[12:02] {magoo} how many u got?
[12:02] {Threei} still trying to push for bigger breakdown
[12:02] {Threei} with 6 cents stop, a lot
[12:03] {dino} l cohn.50
[12:04] {Les} TIVO 17 b/d?
[12:04] {Les} forget it, i remember
[12:06] {Threei} no chance for second half still
[12:06] {dino} cohn stop is .31
[12:06] {dino} brb
[12:08] {Threei} my mind is occupied by an issue of a great importance: can I count SEED short that nemo took as a call or not
[12:08] {nemo} I 1:1 that
[12:09] {Threei} I mean, I called aan idea, not exact entry
[12:09] {Threei} entry you found yourself
[12:09] {nemo} call it a 1/2
[12:09] {Threei} cool
[12:09] {Threei} 51/2 for 51/2
[12:09] {nemo} fas looking weak
[12:10] {Les} long a speculative 2 shares in sxci .53
[12:10] {nemo} ?
[12:11] {Les} you talking to me?
[12:11] {nemo} yeah Bob
[12:12] {Les} sim trade software stuffed. 2 shares instead of 200. will play game accordingly
[12:12] {nemo} ahh
[12:19] {dino} tnh what the ?
[12:22] {Les} sxci stopped
[12:28] {Les} dino what's your watch list today please?
[12:33] {dino} not much aside from normals, schl, volc (missed), uta, cohn
[12:37] {nemo} rimm interesting here...been bouncing off the 50, upon which it currently sits
[12:54] {dino} uta .58 l
[12:54] {dino} stop .48
[13:08] {nemo} AWIAV?
[13:08] {Threei} coma
[13:08] {Threei} SVNT On track to file Krystexxa resubmission this month (14.06, +0.12, 0.86%)
[13:09] {Threei} Sees US approval in Sept and product roll out in Q4 2010.
[13:09] {Threei} - European filings planned later this year.
[13:17] {Threei} anyone gets feeling we will see considerable market surge later in the day?
[13:18] {nemo} yep
[13:18] {nemo} after friday, it makes sense for a bit of quiet
[13:19] {Les} saw V for Vendetta over weekend. pretty good.
[13:21] {nemo} Yawn
[13:37] {nemo} Rimm's 4th attempt at this level
[13:37] {nemo} FCX breaking 81
[13:44] {dino} fsys
[14:01] {Threei} (US) US Rep Frank sends letter to top 4 US banks, requests them write down second lien mortgages
[14:01] {Threei} - sees mortgages having no real value; and are an obstacle in many loan modifications
[14:01] {Threei} lol
[14:02] {dino} he really doesn't understand too much
[14:03] {Threei} but he finds great consolation in the fact that he is not alone
[14:03] {nemo} Well...he's probably thinking if the house isn't worth the 1st mortgage, they've got no chance, so just write it own
[14:04] {Threei} and leave current occupant who can't pay mortgage to own it?
[14:04] {Threei} next thing you know 99% of USA who CAN pay mortgage, do not
[14:05] {dino} i'm sure the stock and bondholders think they are valuable
[14:05] {Threei} your beloved bank goes out of business
[14:05] {Threei} and evryone's happy
[14:05] {Threei} homeowners have their houses and no mortgage,
[14:05] {Threei} bank so widely hated by everyone is no more
[14:06] {Threei} there... all problems solved
[14:06] {Les} you go cap in hand to washington for loan following this, do you?
[14:06] {Threei} well, there are some little details
[14:06] {Threei} like, no bank to go for a loan anymore,
[14:06] {Threei} but who cares - we don't pay down our cars anymore either
[14:07] {Threei} or any other kind of loans
[14:17] {Les} vxx to bounce back here? .40 break?
[14:18] {Threei} well
[14:18] {Threei} it's a vaalid try
[14:18] {Threei} just view it as a "try"
[14:18] {Les} I can't, but if SPY continues to fall here
[14:18] {Les} maybe valid play
[14:18] {Threei} why can't?
[14:18] {Les} software
[14:19] {Threei} oh
[14:20] {Les} I can buy one or two shares at excruciating slow pace, but would rather bang my head against wall.
[14:21] {Les} c'mon Nemo, there's a line in there just tailored for your response...
[14:21] {Les} talk about dull way to begin the week
06[14:21] * nemo slaps Les around a bit with a large piece of gypsum drywall
[14:21] {nemo} yeah...
[14:22] {nemo} happy?
[14:22] {Les} is that poisoned chinese drywall, or real american stuff?
[14:22] {Threei} dull way?
[14:22] {nemo} Buffett's company
[14:22] {Threei} frikin 5 for 5
[14:22] {Threei} plus half
[14:22] {Threei} what am I, a firework master?
[14:23] {nemo} ?
[14:23] {magoo} no, a crazy ivan :)
[14:23] {Threei} ah
[14:23] {Les} oh well you're sitting on profits, good and happy, where's the asylum talk we've come to value?
[14:23] {Threei}
[14:24] {jfjf64} un grateful
[14:24] {Les} piss off jf
[14:24] {jfjf64} cut em off vad
[14:24] {Les} :P
[14:24] {Threei} his wife might object...
[14:25] {Les} seed might be ready for more important breakdown. small bounce here at .30
[14:25] {Threei} don't forget to view these up and down moves for what they are, scale wise
[14:26] {Threei} they look menaingful only within the range
[14:26] {Threei} but the range itself is so narrow, they do not mean anything
[14:26] {Threei} just a little noise
[14:27] {dino} out uta ave .70, +.12
[14:28] {dino} back in 30
[14:28] {Les} yeh, but this is smallest bounce yet on seed in last hour. looking for a possible 10 cent drop opp.
[14:31] {RonS} Vad, M staging for a late day run?
[14:31] {Threei} VXX new lows, believe it or not
[14:32] {Les} oh well, vxx didn't make 1:1
[14:33] {jfjf64} vad you here someone talkin
[14:33] {jfjf64} sounded lk les
[14:33] {Les} yes jf. vad is "here" and someone is talking
[14:34] {Les} god I must be bored
[14:34] {jfjf64} piss off les
[14:34] {Threei} yes jf but I am still not cutting'em off... jujst not my kind of joy
[14:34] {Les} ;)
[14:35] {jfjf64} lol
[14:37] {Threei} CRYP Signs a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta Ltd (update)
[14:37] {Threei} - The agreement covers a suite of CryptoLogic's top slot games to be launched on Betsson's websites . One game has already gone live on CasinoEuro and the remainder are scheduled for roll-out across the three brands later this year. The deal will provide CryptoLogic with recurring revenue based on wagers placed by Betsson's customers.
[14:38] {Les} oh Nemo, remember how I said that Waltz got a Brit award?
[14:38] {Les} What did you say?
[14:38] {Les} BFD, was it?
[14:38] {nemo} maybe...not that memorable a moment
[14:39] {Les} well Waltz's performance was and it's great to see Hollywood give him the recognition
[14:40] {Threei} I was really glad to see Bridges recognized
[14:40] {Threei} his Dude is absolutely brilliant
[14:40] {nemo} yeah, that was great...
[14:40] {Threei} in Big Lebowski
[14:40] {Les} saw his face. was it a movie, or a lifetime achievement award?
[14:40] {nemo} movie
[14:41] {Les} name?
[14:41] {nemo} RIMM did the big rinse on people's stops
[14:41] {nemo} going higher
[14:41] {strider} surprise, surprise.
[14:41] {nemo} Crazy Heart was the movie
[14:42] {strider} haven't seen it.
[14:44] {Les} is there something Taoist in the Dude's behaviour Vad?
[14:44] {nemo} he follows his nature
[14:44] {Les} in Big Lebowski
[14:44] {Les} he just "is"
[14:44] {nemo} we all "are" Les
[14:44] {Threei} rather Zen
[14:45] {Les} thinking about that film, it is a rather unusual character
[14:45] {nemo} yeah, he's pretty devoid
[14:48] {Threei} mama mia
[14:48] {Threei} listen to CNN
[14:48] {nemo} what?
[14:49] {Threei} nah, you gotta hear that
[14:49] {Threei} lemme see if it's on the web somwhere
[14:49] {nemo} just give me the cliff notes
[14:51] {Les} CNN doesn't make it easy to find live TV on their website
[14:53] {Threei} Eric Massa, Dem Congresamn
[14:54] {nemo} about Rahm in the shower?
[14:54] {Threei} ye
[14:54] {Threei} s
[14:54] {Threei} first I heard about it
[14:54] {Threei} sheesh
[14:54] {nemo} been on Drudge since this morning
[14:57] {Les} another congressman resigning?
[14:57] {Les} they could soon close congress as an efficiency measure...
[14:58] {Les} no need to keep lights on empty office building
[15:00] {jfjf64} good night all
[15:00] {Les} ciao
[15:01] {Threei} BLDP To Receive $6.2M in DOE Funding to Advance Non-Automotive Fuel Cell Commercialization (2.47, +0.18, 7.86%)
[15:01] {Threei} take care jf
[15:05] {Threei} SEED did break down
[15:07] {Les} course it did
[15:13] {dino} .
[15:13] {Les} Nemo, which movie?:
[15:14] {nemo} what?
[15:14] {Les} this is a shotgun sol... It's a %ucking anti-aircraft gun vincent
[15:14] {nemo} sorry...not triggering right now...although reminds me of a Rutger Hauer movie
[15:15] {Les} well it ain't blade runner
[15:15] {nemo} no, it was a movie set in England
[15:15] {Les} in the quiet words of the virgin mary... come again?
[15:15] {strider} I think it's in 'Song of the South.'
[15:16] {nemo} oh wait a minute
[15:17] {Les} protection from what? - zee Germans?
[15:17] {nemo} what was the name of Brad Pitt's character in that Ritchie movie
[15:17] {nemo} I saw it a couple of weeks ago
[15:17] {Les} that %ucking pickey
[15:17] {Les} mickey, I think it was
[15:17] {nemo} actually couldn't understand a thing he said
[15:17] {Les} language coach did a good job on him
[15:17] {nemo} bloody poms
[15:18] {Les} ah they make good actors
[15:18] {Les} even if its a yank pretending to be one
[15:18] {nemo} yeah...but boy are there a lot of brits pretending to be yanks
[15:18] {nemo} Oh by the way, met that Hugo Weaving guy at a birthday party in Sydney...quiet fellow
[15:20] {nemo} anybody for fcxy if it holds .65 and breaks .73 or so?
[15:20] {Les} seed again
[15:25] {strider} Any news on DRYS?
[15:25] {strider} none here.
[15:26] {Threei} two things we missed:
[15:26] {Threei} ENER, 8 break
[15:26] {Threei} grrr
[15:26] {Threei} and TEAR, no idea what the deuce there
[15:27] {Threei} anyone sees any news on it?
[15:29] {strider} not here.
[15:29] {strider} anyth9ng on DRYS, vad?
[15:29] {Threei} no
[15:29] {fernp} Good evening everybody. See you all tomorrow.
[15:29] {Threei} takeover chatter early in the morning
[15:29] {Threei} take care fern
[15:31] {dino} cya
[15:33] {strider} See you all in the morning. 5 days green in a row....only slightly, but it's a record.
[15:33] {Les} gj
[15:33] {Les} ciao
[15:35] {lasertrev} later strider
[15:35] {Threei} take care strider
[15:35] {strider} :)
[15:36] {Les} yeh will take the extra 30 mins. sleep tonight myself. c u's tomorrow.
[15:41] {Threei} TEAR, fine, I wouldn't go for this thing anyway
[15:41] {Threei} but ENER, I did keep an eye on it
[15:41] {Threei} too bad missed it
[15:41] {Threei} 8 break was solid setup
[15:47] {dino} later strider, les
[15:49] {Threei} today's raneg is 1/3 of Friday's
[15:50] {Threei} range
[15:50] {Threei} and it's not like Friday was particularly wide, lol
[15:51] {dino} too tight
[15:53] {dino} out cfi .845 ave, +.134 all dayer
[15:53] {Threei} calm before the storm
[15:55] {dino} crack you up, 60 degrees f here
[15:56] {Threei} finally global warming?
[15:56] {Threei} viva al gore?
[15:56] {dino} lol
[15:56] {dino} go from 3' of snow 10 days ago
[15:57] {Threei} Market Internals update at 3:30pmET
[15:57] {Threei} - NYSE volume 645M shares, about 19% below its three-month average; advancers lead decliners by 1.2:1.
[15:57] {Threei} - NASDAQ volume 1.81B shares, about 3% above its three-month average; advancers lead decliners by 1.1:1.
[15:57] {Threei} - VIX index +1.5% to just over 17.50
[15:59] {dino} well, it was profitable, but extremely boring
[16:00] {Threei} second that
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {nemo} bye
[16:00] {lasertrev} good night all
[16:01] {dino} gn all
[16:02] {billyc} gn all

Friday, March 5, 2010

Mar 05 2010

Once again an hour of activity followed by prolonged coma. With one stop and wins on CIEN, NTAP, TIVO and VXX we finish 4th week of no single losing day. Really time to have one, just to get it out of the system.

Session Time: Fri Mar 05 00:00:00 2010

[07:55] {nemo} morning gentlemen
[08:16] {Raven} gentlemen?
[08:16] {nemo} as soon as I wrote that I thought of you as the exception
[08:17] {Raven} excellent ... thank you
[08:17] {nemo} Noble bird perhaps
[08:17] {Raven} that works
[08:27] {Threei} (US) Preview: Feb Average Hourly Earnings and Average Weekly Hours due at 08:30ET
[08:27] {Threei} - Average Hourly Earnings MoM: 0.2%e vs 0.2% last
[08:27] {Threei} - Average Weekly Hours: 33.7e v 33.9 last
[08:27] {Threei} (US) Preview: Feb Unemployment Rate data due out at 08:30ET (13:30 GMT)
[08:27] {Threei} - Consensus expectations at 9.8%e v 9.7% prior
[08:27] {Threei} US) Preview: Feb change in Nonfarm payrolls and change in manufacturing payrolls due at 08:30ET (13:30 GMT)
[08:27] {Threei} - Change in Nonfarm Payroll: -68K expected versus -22K prior
[08:28] {Threei} Euro vs US Dollar (EU) ECB's Weber: Stresses that the euro is not a "soft" currency and will not become one - Wirtschaftwoche interview
[08:28] {Threei} - Notes that the Greek situation is not a problem of the whole Euro Zone.
[08:28] {Threei} - Reiterates that price stability will remain a cornerstone of policy.
[08:28] {Threei} SP) ECB's Gonzalez-Paramo: Spanish banks in poor financial shape need to restructure
[08:28] {Threei} - Spain needs to define its deficit reduction plan.
[08:28] {Threei} - Spainish labor rules are unfair.
[08:29] {nemo} good report
[08:30] {Threei} *(US) FEB AVERAGE HOURLY EARNINGS M/M: 0.1% V 0.2%E; AVERAGE WEEKLY HOURS: 33.8 V 33.7E
[08:30] {Threei} *(US) FEB UNEMPLOYMENT RATE: 9.7% V 9.8%E
[08:32] {nemo} I was going to take FAS on break of .40 on the report, but jumped right over it
[08:34] {Threei} TIVO will be of interest again
[08:50] {Threei} (US) PIMCO's Bill Gross: Jobs will not be added at the rate they have in the past
[08:50] {Threei} - Unemployment may rise above 10% again. US unemployment is structural.
[08:50] {Threei} - Defines the "new normal" as a three to five year outlook
[08:50] {Threei} - Believes that Greece will be bailed out one way or another
[08:50] {Threei} (US) Senator Dodd (D): Continues to be "fairly confident" the consumer protection bill will pass- CNBC
[08:50] {Threei} wasn't he the one who scrapped it?
[08:59] {Threei} (US) Senator Dodd (D): - Would prefer to avoid using reconcilliation process for healthcare reform.
[08:59] {ese} morning vad
[08:59] {Threei} ese :)
[09:00] {ese} well in 2 1/2 hrs myself and the family will be outta here on our way to Italy
[09:00] {Threei} cool beans
[09:00] {Threei} in case I fall asleep at that point, you have a safe trip and a lot of fun
[09:01] {ese} It has been very difficult to trade this week.....focus has not been what it should be
[09:01] {Threei} when are you back?
[09:01] {ese} will definitely have fun
[09:01] {ese} Mar 19th late
[09:02] {ese} have gained some maturity on this board ehhhhhh
[09:02] {ese} am not trading whne i can't completely focus on it
[09:02] {ese} when
[09:02] {Threei} :)
[09:03] {billyc} gm everyone
[09:03] {Threei} billy :)
[09:04] {billyc} hey vad
[09:07] {fernp} Good morning everybody
[09:07] {Threei} fern :)
[09:11] {Threei} GMO Announces Significant Investment from Hanlong, POSCO Commits to 20% Mt. Hope Equity Interest
[09:12] {larisa} gm :)
[09:12] {Threei} larisa :)
[09:12] {larisa} vad :)
[09:13] {dino} gm all
[09:14] {Threei} dino :)
[09:14] {dino} es, have a great time
[09:18] {Threei} GMO Reports Q4 -$0.03 v -$0.04 y/y, Rev is nil
[09:18] {Threei} how nice
[09:18] {Threei} GR) Greek Parliament passes austerity plan (as expected
[09:19] {lasertrev} morning
[09:20] {jfjf64} mornin all
[09:20] {Threei} trev, jf :)
[09:22] {gen} gm all
[09:23] {Threei} gen :)
[09:24] {Les} hello
[09:26] {Les} I said HELLO!
[09:26] {Les} :)
[09:26] {larisa} HI les :)
[09:26] {RonS} Hi Les and all
[09:26] {Les} finally. someone acknowledges my existance
[09:26] {Threei} les, ron :)
[09:26] {Les} Ron, Vad
[09:26] {Threei} not really les, we are just trying to pretend we are polite
[09:26] {Threei} (unsuccessfully, too)
[09:27] {billyc} hey les
[09:27] {dino} es, have a great time
[09:27] {Les} billy
[09:27] {Les} ese is gone?
[09:27] {dino} oh... hello les ( in my hello newman voice)
[09:27] {Threei} 09:00] {ese} well in 2 1/2 hrs myself and the family will be outta here on our way to Italy
[09:27] {Threei} rofl dino
[09:28] {Les} I'd laugh too but don't know who hello newman is
[09:28] {dino} itmn strange
[09:28] {Les} hey dino
[09:28] {nemo} phillistine
[09:28] {Threei} Seinfield reeference, Les
[09:30] {Les} ah right, think I can see who is being referred to
[09:31] {dino} tivo continues
[09:31] {Threei} Short Setup: ITMN .90 break small shares
[09:31] {Threei} grrrr!
[09:31] {Threei} late
[09:31] {dino} same idea, great minds, huh
[09:32] {Threei} InterMune, Inc. FDA Staff: One trial in Pirfenidone met primary endpoint while another did not; notes FDA usually needs more than one trial showing a drug is effective
[09:32] {Threei} this is news it popped on??
[09:32] {Threei} crap.... look at this drop
[09:33] {dino} that was my point
[09:33] {nemo} yeah too bad didn't show up earlier
[09:33] {dino} s at .50
[09:33] {nemo} that second peak at 27 and then drop...classic
[09:35] {Les} damn. doesn't wanna stop
[09:35] {Les} nice entry dino
[09:35] {dino} ty
[09:36] {dino} where to
[09:36] {Les} sxci had big pop. maybe selloff now
[09:36] {Threei} Long Setup: TIVO .65 half lot
[09:37] {Threei} if stays above .50
[09:37] {dino} sxci was up 8 or so yesterday too
[09:38] {dino} itmn cov .50 +1.00
[09:38] {larisa} gj
[09:39] {dino} ty
[09:39] {Threei} beautiful
[09:39] {Threei} no go TIVO
[09:39] {fernp} stopped
[09:39] {dino} nice sxci les
[09:40] {Threei} NUAN Heaing renewed takeover chatter circulating (15.14, +0.27, 1.82%)
[09:41] {Les} u get any of it dino?
[09:41] {dino} no itmn had me distracted'
[09:42] {dino} watching it now
[09:42] {RonS} CLF jumped to new high on big vol. Continuation if hold 60.30 Vad?
[09:43] {Threei} I think so
[09:44] {Threei} .50 break
[09:44] {dino} watch fcx on it, imo
[09:44] {nemo} if itmn doesn't hold 22
[09:44] {Threei} GERN Hearing vague takeover chatter circulating
[09:44] {Threei} - Pfizer rumored as a potential acquirer (6.29, +0.28, 4.66%)
[09:44] {dino} how do rumors get started
[09:45] {Threei} rumor bunker
[09:45] {Threei} in gossip city
[09:46] {dino} started by the jealous people
[09:46] {dino} old song
[09:49] {dino} dmnd 4.5 m sh at 37, and itv trades 39-40
[09:49] {strider} MDVN selloff.....again.
[09:49] {Threei} Long Setup: DNDN .45 break
[09:50] {Threei} Long Setup: FCX 80 break half lot
[09:50] {Threei} if stays above .85
[09:51] {larisa} 90 break?
[09:51] {Threei} ?
[09:51] {dino} trh?
[09:51] {larisa} I though .80 :)
[09:51] {dino} arst, boom
[09:51] {Threei} no, $80
[09:52] {dino} wow sxci
[09:52] {dino} 8 pts today too?
[09:53] {nemo} stop/invalidation on dndn?
[09:53] {nemo} .30?
[09:53] {Threei} for now, yes
[09:53] {Threei} but could reestablish itself
[09:53] {Threei} not off radar
[09:53] {dino} dmnd sm s .50
[09:54] {Threei} same goes for FCX
[09:55] {dino} dmnd bstop is hod
[09:55] {Threei} FCX is valid IMO
[09:56] {Threei} maybe with stop under .80 is the best way to play it
[09:56] {fernp} .85 or .80 stop now?
[09:56] {fernp} ah!! ok
[09:56] {dino} i think it was ron yesterday, 11 stocks w/15%+ moves so far
[09:57] {dino} and they say it never happens
[09:58] {Threei} VXX new 52 week low
[10:00] {dino} cov dmnd .55 -.05, not working
[10:00] {dino} boom lod
[10:00] {jfjf64} cien 15 break
[10:00] {Threei} yes
[10:01] {Threei} daily is very nice
[10:03] {jfjf64} lot shares 15
[10:03] {Threei} {CIEN} where?
[10:03] {fernp} too fast here
[10:04] {jfjf64} at em up
[10:04] {dino} dmnd tricked me
[10:04] {dino} trh hl l .00
[10:04] {Threei} get out half at least here who got it
[10:05] {jfjf64} out
[10:05] {dino} gj
[10:06] {dino} sxci sm s .00
[10:08] {Les} all out .23. ty vad
[10:08] {Threei} jf's find
[10:08] {dino} gj
[10:08] {Les} sorry jf, ty
[10:08] {jfjf64} piss off les
[10:08] {Les} morning to you too
[10:08] {jfjf64} lol
[10:08] {ese} L qqqq.,21
[10:09] {fernp} VXX, Vad?
[10:10] {Threei} breaking down obviously, lol
[10:11] {fernp} ty 1:1 VXX and 1:1 QID
[10:11] {billyc} gotta go have a great trip vad and everyone have a great weekend
[10:11] {Threei} me, trip?
[10:11] {Threei} me no go anywhere
[10:11] {ese} out qqqq .27 +.06
[10:11] {Threei} that'd be ese
[10:11] {billyc} i thought you were going to italy
[10:11] {Threei} that'd be ese
[10:12] {billyc} ok ese have a great time in italy
[10:12] {ese} yup in about an hour and a 1/2
[10:12] {dino} es have a great time
[10:12] {billyc} where do you live ese
[10:12] {Threei} (EU) EU Juncker:: Reiteraes that Greek austerity measures are a positive step
[10:12] {dino} when you get back i go golfing in myrtle beach
[10:12] {Threei} why the need to reiterate it?
[10:12] {ese} victoria British Columbia Canada
[10:13] {billyc} thats aweswome
[10:13] {ese} nice dino......i'm gonna do that with you one day
[10:13] {dino} i hope so
[10:14] {dino} out trh +.24
[10:15] {jfjf64} vad look cien charts 15.25 not bad
[10:16] {Threei} Toyota Motor Corp US House Panel reportedly requests additional information on the recalls issues
[10:16] {Threei} - notes that the recent documents provided by Toyota did not show a full investigation of possible electronic malfunctions
[10:20] {Threei} nice jf
[10:21] {Threei} told you that 15 break on daily looked very powerful
[10:22] {jfjf64} half out
[10:22] {jfjf64} stop to 35
[10:23] {Threei} Long Setup: NTAP .05
[10:24] {Les} stop .90?
[10:24] {Threei} stops are .95 for scalpers and under .90 for day traders
[10:27] {Threei} SEED
[10:27] {Threei} ITRI Hearing industry publication expects US govt to announce favorable smart grid stimulus grants within the next few weeks (70.00, +1.28, 1.86%) (related PWR CNP TLVT ELON ONNN GRID )
[10:27] {Threei} itri
[10:28] {dino} sxci stopped -.30
[10:29] {Threei} DND
[10:29] {Threei} DNDN
[10:30] {jfjf64} i missed that grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 205M shares, about 15% below its three-month average; advancers lead decliners by 6.9:1.
[10:30] {Threei} - NASDAQ volume 570M shares, about 12% above its three-month average; advancers lead decliners by 2.9:1.
[10:30] {Threei} - VIX index -5.5% to just over 17.50
[10:33] {nemo} .01 away from 1;1 on ntap
[10:42] {Threei} Long Setup: TIVO .40 break
[10:44] {jfjf64} stop where
[10:44] {Threei} invalidated as break
[10:44] {Threei} looking if forms another setup
[10:46] {Threei} NTAP 1:1 for scalpers
[10:46] {Threei} for all practical intents and purposes
[10:46] {Threei} stop to under 32
[10:50] {Threei} 1:1 for day traders
[10:51] {Threei} took its sweet time
[10:51] {Les} out ty
[10:51] {Threei} yw
[10:52] {Threei} who partials, stop to under b/e for the balance
[10:53] {jfjf64} get ready boys market gonna fly
[10:53] {nemo} yeah...200 point day today
[10:58] {ese} there
[10:59] {Les} only in spirit
[10:59] {dino} more
[10:59] {nemo} dino ?
[11:00] {nemo} oh...never mind
[11:00] {ese} you got a contact #.......ya never know if we'll get into your neck of the woods
[11:00] {dino} lol]
[11:00] {nemo} scares me whe I understand your humor
[11:00] {Threei} lol
[11:00] {Les} dcc ese
[11:00] {ese} tks
[11:01] {Les} happy travels
[11:03] {ese} about a 1/2 hour with you lot yet
[11:05] {Les} fcx approaching 80 again
[11:05] {Les} spot gold popping
[11:06] {Threei} Homeland Security Sec Napolitano: US will install full body scanners at 11 more airports (update) (30.77, +0.49, 1.62%) (related LLL OSIS ASEI )
[11:06] {Threei} ICXT, maybe...
[11:07] {dino} tnh
[11:12] {nemo} tivo maybe .35 break
[11:14] {nemo} hehehehe
[11:14] {nemo} 1/2 out .46
[11:14] {Les} not too shabby
[11:14] {nemo} saw that big order at .35
[11:14] {jfjf64} nice nemo
[11:14] {Threei} this is new: finding time to laugh in typing while in the fast moving stock
[11:14] {nemo} if not for that huge order
[11:14] {Threei} then again, it's nemo {G}
[11:15] {nemo} broken clock
[11:15] {fernp} QID breakdown, Vad?
[11:15] {Threei} good trade though
[11:15] {nemo} still puckers me though
[11:15] {Threei} dion't know what to say fern
[11:15] {Threei} read says yes
[11:15] {Threei} inner self says don't
[11:16] {fernp} ty
[11:16] {Threei} outer self shrugs and wants to sleep
[11:16] {nemo} cmon' give me .50
[11:16] {Threei} that big order concept comes handy eh nemo
[11:16] {nemo} yes..definitely
[11:16] {nemo} 1/4 more
[11:16] {Threei} wtg
[11:17] {nemo} .60 gonna' be an issue
[11:17] {nemo} stop under .40
[11:19] {fernp} PALM valid dbi, Vad?
[11:20] {nemo} tempted to wuss out here
[11:20] {nemo} stop now under .45
[11:20] {Threei} chart wise yes,
[11:20] {jfjf64} aig bounce
[11:20] {Threei} but it tends to make its move in the morning, then stall
[11:21] {nemo} wussed on the last 1/4
[11:22] {nemo} idiot me, shoulda' gone by the BB average
[11:23] {nemo} c'mon Les, I'm leaving plenty of openings here...
[11:25] {Les} huh?
[11:26] {nemo} drinking already?
[11:26] {Les} sorry. friday arvo
[11:26] {Les} tivo looks good again for break
[11:26] {Les} say .55
06[11:26] * strider slaps nemo around a bit with a large pair of bollinger bands
[11:26] {Les} voilĂ ! happy now?
[11:27] {nemo} Hey Hillbilly!
[11:27] {strider} hey, dud
[11:27] {strider} I mean dude
[11:27] {nemo} you were right the first time
[11:27] {strider} I know.
[11:27] {nemo} I know you know
[11:28] {nemo} Oh good, I can start self-flagellating over TIVO
[11:28] {strider} Don't forget the rocks in the shoes.
[11:29] {nemo} I use a scourge
[11:29] {strider} Ebenezer?
[11:29] {nemo} sigh
[11:29] {Threei} nice read on TIVO guys
[11:29] {nemo} broken clock
[11:34] {dino} itmn
[11:34] {nemo} short dino?
[11:35] {dino} maybe so
[11:35] {nemo} that's my read, but you've got the trend line
[11:36] {Les} think I'll call it a week. sick boy last night. slept badly.
[11:36] {Les} c u's monday
[11:36] {nemo} TFTW
[11:38] {Threei} take care Les
[11:39] {strider} The HOG that wouldn't die..
[11:39] {nemo} Hey JF...thought you said the market was going to explode?
[11:40] {nemo} itmn might get a bounce around .70
[11:40] {jfjf64} nemo piss off
[11:40] {jfjf64} lol
[11:40] {strider} jf is self-amusing
[11:41] {dino} cya les
[11:41] {dino} sidetracked nemo
[11:42] {nemo} he thinks I'm Les
[11:42] {Threei} what the deuce
[11:42] {nemo} .....that's discouraging
[11:42] {Threei} I took some ICXT for a scalp,
[11:42] {Threei} having it for sale at 7.07
[11:43] {Threei} buys go with sizes
[11:43] {Threei} 3 shares
[11:43] {Threei} 1 share
[11:43] {Threei} 8 shares
[11:43] {Threei} 11
[11:43] {Threei} 24
[11:43] {Threei} 76
[11:43] {nemo} we get it
[11:43] {Threei} who the heck trades like this?
[11:43] {nemo} hft?
[11:43] {strider} you do, now.
[11:44] {nemo} itmn riding the 50 ma
[11:44] {Threei} 16 executions for 1000 shares
[11:45] {strider} what route?
[11:45] {Threei} ISLD
[11:45] {Threei} but it doesn't matter
[11:45] {Threei} I sat at the offer
[11:45] {Threei} so whoever hit my offer could use any other route
[11:46] {strider} maybe someone was 'funnin' you. :)
[11:46] {strider} "funnin": technical term used mostly in the Appalachians.
[11:47] {Threei} for his sake I hope he has per share commissions, with no minimum
[11:47] {Threei} or that cost him small fortune in commisions to buy, lol
[11:47] {strider} I think it was les.
[11:48] {Threei} ICXT nicely climbing
[11:49] {nemo} dino...looked at another chat, that DT on itmn was around it's open
[11:49] {Threei} be back in 20
[11:50] {dino} dt?
[11:51] {nemo} double top
[11:51] {dino} ahh, yes the dreaded dt
[11:51] {nemo} were you thinking delirium tremors?
[11:51] {ese} outte here all.....take care....we'll see ya when we see ya
[11:51] {RonS} Opinons on SXCI?
[11:51] {nemo} safe trip
[11:51] {dino} defensive tackle
[11:51] {jfjf64} see ya es
[11:51] {ese} tks dude
[11:51] {dino} strong ron
[11:51] {ese} jf vad dino et al.
[11:52] {dino} have fun es
[11:52] {larisa} bye ese, have a nice trip
[11:52] {RonS} ciao ese
[11:52] {nemo} not sure it's important ron, but, I have a long term resistance line (don't know when I put it in) at 63.05 and I'm getting a short signal right now
[11:53] {RonS} ...that's what i am thinking but I usually get scorched whith these...
[11:53] {nemo} Being near lunch, it might range for a while
[11:53] {fernp} bye ese, have fun
[11:54] {dino} tnh blood
[11:57] {RonS} CIEN hype:
[11:59] {dino} ron here i guess
[12:00] {dino} .96 sm s
[12:00] {RonS} I am waiting for an .88 break and retest
[12:01] {strider} .80 cent spread???
[12:03] {dino} on what
[12:03] {RonS} More CIEN:
[12:03] {strider} tnh
[12:03] {strider} dino
[12:03] {nemo} nice when vad's not here
[12:03] {dino} tnh -about 20 in 5 days
[12:04] {dino} ok
[12:05] {larisa} has anyone seen Cirque du Soleil - Love in vegas?
[12:05] {nemo} you mean "live"?
[12:05] {larisa} I am not HUGE beatles fan, so worried a bit
[12:05] {larisa} yes
[12:05] {dino} not i
[12:06] {RonS} There was a report today that India may rescind an export ban due to their burgeoning rice and wheat inventory. is this taking the fertilizer stocks down?
[12:06] {nemo} no...saw them here...awesome
[12:06] {larisa} "Love" ? or another show
[12:06] {dino} ferts are up
[12:07] {nemo} another show...can't remember the name...they were just so impressive
[12:07] {larisa} thanks :)
[12:07] {RonS} Then what up with TNH?
[12:07] {dino} dk
[12:07] {dino} pot mos up big
[12:11] {Threei} 12:03] {nemo} nice when vad's not here - fun's over
[12:12] {nemo} hehehehehe
[12:15] {Threei} SSTI Hearing Dealreporter speculates that SSTI could attract another bidder (3.28, +0.06, 1.86%) (related MCHP )
[12:24] {RonS} Nuts, missed SXCI
[12:24] {dino} cov sxci ave .42, +.54
[12:25] {nemo} dion look at itmn
[12:25] {nemo} dino
[12:26] {dino} what do you see
[12:26] {nemo} regret
[12:26] {dino} i missed tnh wanted db
[12:26] {dino} lol
[12:27] {nemo} need a bridge for that spread
[12:27] {dino} nah just go small
[12:28] {nemo} would need a roid pillow for that one
[12:28] {strider} nemo, want to go in together and split a share?
[12:29] {nemo} Scares me I find that funny
[12:29] {strider} I think I'd rather trade good
[12:29] {strider} goog
[12:30] {larisa} good is good too :)
[12:30] {dino} doog
[12:33] {dino} you're a daisy if ya do
[12:33] {dino} hmmm thought vad and nemo would get that
[12:34] {strider} whoooosh!
[12:34] {strider} over my head.
[12:34] {nemo} yeah....I recognize it, not sure though...thinking Tombstone
[12:35] {dino} indeed
[12:35] {nemo} Val Kilmer written all over it
[12:35] {dino} you look like somebody just walked over your grave
[12:35] {nemo} I'll be your Huckleberry
[12:35] {nemo} Let's do this...lunger.
[12:36] {dino} the greay wyatt walks on water
[12:36] {nemo} yeah
[12:36] {dino} thats alright, i've got two guns, one for each of you
[12:37] {dino} tnh wants up imo
[12:37] {strider} Do I have to start quoting 'the holy grail'?
[12:39] {dino} enoc
[12:39] {nemo} Who elected you King
[12:39] {nemo} Thou shalt count to three
[12:39] {dino} .oo sm l tnh
[12:39] {strider} how do you know he's a king?
[12:40] {nemo} coconuts?
[12:40] {nemo} poor vad
[12:40] {strider} hasn' got sh** all over him.
[12:40] {nemo} oh yeah
[12:40] {nemo} until he got to the french knights
[12:41] {strider} could I interest you in a shrubbery?
[12:41] {nemo} Ni!
[12:42] {RonS} MON drubbed
[12:42] {nemo} why
[12:42] {Threei} (US) Rep Frank aide: Frank stands by the US govt's guarantee of GSE debt (related FRE FNM )
[12:43] {RonS} do not see anything on MON
[12:43] {nemo} mmmmhhhh...brk.b riding vwap and about to run into 200 ma
[12:45] {strider} At last, made it into the green today.
[12:45] {nemo} tivo again
[12:46] {Threei} .40 break?
[12:46] {nemo} I'm thinking that
[12:46] {nemo} tight area though
[12:47] {nemo} aig been basing for a long time too
[12:54] {dino} out .67 tnh +.67
[12:55] {nemo} .45 on tivo
[12:58] {strider} General Motors to reinstate close to 1,000 dealerships, CNBC reports
[12:58] {strider} That didn't last long.
[12:59] {nemo} federally subsidized of course
[12:59] {strider} of course
[12:59] {strider} that's only fair.
[12:59] {nemo} 1/2 out tivo .49
[12:59] {dino} gj
[13:00] {nemo} get's past this pileup at .50 could be fun
[13:00] {Threei} (GE) German Chancellor Merkel: Germany and Greece can work together during hard times, pledges that the EU will defend the stability of the euro
[13:00] {Threei} - Praises Greek parliament for passing austerity measures.
[13:00] {Threei} - Markets are gaining confidence in Greece.
[13:00] {Threei} - Confirms that Greece has not asked for aid.
[13:00] {Threei} - Two countries have agreed to work on narrowing deficits.
[13:01] {strider} Hey, that could happen.
[13:09] {nemo} waitin' at .59
[13:09] {nemo} stop under .50
[13:14] {strider} good trade, nemo.
[13:15] {nemo} now stop according to bb average
[13:15] {nemo} ty
[13:16] {nemo} out
[13:16] {dino} gj
[13:16] {nemo} smelling a double top ty
[13:16] {dino} kdl
[13:16] {dino} kndl
[13:20] {nemo} thoughts on aig vad?
[13:21] {nemo} big offer .05
[13:21] {Threei} if market resumes upward, could be
[13:21] {Threei} also LULU
[13:22] {RonS} LULU is stretching
[13:23] {nemo} crap (as Les would say) looked away from aig
[13:30] {patience} .
[13:30] {dino} zzzzzzzzzzzzzzzzz
[13:33] {Threei} can you imagine the scale of fireworks coming after such plonolged lull?
[13:34] {jfjf64} x
[13:36] {Threei} CLNE... something happens there
[13:36] {RonS} RIMM drip, drip, drip
[13:40] {strider} Gotta take this $4 to the bank....back in awhile.
[13:40] {Threei} JAZZ?
[13:56] {nemo} rimm coming into lows, might bounce
[14:00] {Threei} 3 and half hours of market being immobilized
[14:02] {dino} tell me about it
[14:04] {nemo} geez...rimm did bounce
[14:07] {Threei} sure dino
[14:07] {Threei} it's like this
[14:07] {Threei} 10:30 comes, market stops moving
06[14:07] * nemo slaps Threei around a bit with a large trout
[14:08] {Threei} sigh
[14:08] {Threei} man asked to tell him... I do... I am being obliging and accomodating...
[14:08] {Threei} why am I getting slapped
[14:08] {nemo} because you're only doing it because your bored
[14:08] {dino} slappppppppppp
[14:08] {Threei} lol
[14:09] {Threei} JAZZ again
[14:09] {Threei} XNPT Announces restructuring including workforce reductions of 50%
[14:09] {Threei} - expects to incur cash expenditures in the first half of 2010 of up to $4.2 million related to the ... (7.93, +0.06, 0.76%) more...
[14:11] {Threei} by the way, remember Les saying recently that he tried to combine dino's and my strategies?
[14:11] {Threei} I had a frightening thought that his end result would be a T-Rex with three eyes
[14:11] {nemo} that would confuse Einstein
[14:11] {Threei} what a mutant
[14:12] {nemo} yeah..hard to believe someone gave birth to Les
[14:12] {Threei} not what I meant - I'll leave you two to duke it out
[14:13] {Threei} Market Internals update at 2:00pmET
[14:13] {Threei} - NYSE volume 525M shares, about 13% below its three-month average; advancers lead decliners by 6.5:1.
[14:13] {Threei} - NASDAQ volume 1.47B shares, about 8% above its three-month average; advancers lead decliners by 3.3:1.
[14:13] {Threei} - VIX index -5.75% to just over 17.50
[14:13] {nemo} all time low is around 14 I think
[14:16] {Threei} I thought closer to 10
[14:17] {nemo} o.k
[14:27] {dino} sm l .21 tnh
[14:38] {dino} itmn
[14:39] {Threei} looks like bounce time to you?
[14:39] {dino} dadadauhuhuhuh
[14:39] {nemo} or short
[14:39] {dino} short i was thinking, break of 00
[14:39] {nemo} just ran into vwap twice and couldn't breech that earlier swing high
[14:41] {Threei} (US) Preview: Jan Consumer Credit due out at 15:00ET
[14:41] {Threei} **consensus expectation: -$4.5Be v -$1.7B prior
[14:41] {Threei} - Note: Dec was the 11th straight month of credit contraction
[14:41] {Threei} VXX new low... lol
[14:42] {nemo} that could launch the market, remember what happened last month
[14:42] {Threei} true, but I am not sure I understand this p[articular report
[14:42] {Threei} last time around reaction was against common sense
[14:42] {Threei} if I remember correct
[14:43] {Threei} ly
[14:43] {nemo} well, the contraction was much smaller than the expected contraction
[14:43] {Threei} memory fails me then
[14:44] {dino} fade the faders fade
[14:44] {Threei} well, we will know in 16 minutes
[14:44] {Threei} dino started happy hour early or what, lol
[14:44] {dino} bored out of my mind
[14:45] {Threei} I know
[14:45] {dino} dmnd hod
[14:45] {RonS} RIMM percolating
[14:45] {Threei} but I wasted abuout 30 minutes perfetcly programming Bluetooth in my new car
[14:46] {Threei} now this thing calls by voice command - when it understands my accent
[14:46] {dino} lol
[14:46] {RonS} man, that is one smart device...
[14:46] {nemo} now you just have to program it to say "Piss off"
[14:47] {Threei} not really Ron... I said "bring me some beer"... non communicado
[14:47] {RonS} ...Gordon Ramsey-style
[14:48] {Threei} this is something to be careful about nemo... each phone number has a voice-tag to it... I may use that opne for your phone number... or jf.. haven't decided yet
[14:48] {dino} visions of chilli burgers running through my mind
[14:49] {dino} itmn not dropping
[14:50] {nemo} no not with that report coming
[14:51] {Threei} let's keep VXX on the screen
[14:52] {Threei} if report sends market down, VXX will jump like anthelope that got a good squirt of turpentine up its butt
[14:53] {dino} wow
[14:53] {Threei} to refresh:
[14:53] {Threei} **consensus expectation: -$4.5Be v -$1.7B prior
[14:54] {Threei} hmmm
[14:54] {dino} market stays like this in afternoons i will need to stock up on 5 hour energy
[14:54] {nemo} take a nap at lunch
[14:55] {Threei} expectations are so stretched... hard to imagine number coming in even lower
[14:55] {Threei} as if it were pre-designed to push market up
[14:55] {nemo} funny...fas showing it wants to drop
[14:56] {Threei} after 11 straight months of contraction, is it realistic to expect -4.5B vs last reading of -1.7?
[14:56] {dino} tnh stopped -.24
[14:56] {nemo} they expected like 12 last month maybe 13
[14:57] {Threei} yes, but almost three times bigger drop vs lat month?
[14:57] {Threei} I don't remember what the Nov read was
[14:57] {Threei} so don't know how expctations compared to that
[14:58] {nemo} if credit actually expanded look out above
[14:58] {Threei} or not
[14:58] {Threei} I mean... we did rally for something, right?
[14:58] {nemo} yeah unemployment
[14:59] {Threei} getting finally credit flowing, and reversing to the downside on that would be so oefectly evilish
[14:59] {Threei} perfectly
[14:59] {nemo} not today
[14:59] {nemo} fas already taking off
[14:59] {Threei} OK... be that way
[14:59] {nemo} bet shots
[14:59] {nemo} see ya
[15:00] {Threei} *(US) JAN CONSUMER CREDIT: $5.0B V -$4.5BE
[15:00] {nemo} told ya'
[15:00] {dino} back in 10
[15:00] {nemo} 200 point day today
[15:00] {larisa} nah :)
[15:00] {nemo} o.k. lari, how much?
[15:01] {larisa} +20 max
[15:01] {larisa} but i want red
[15:01] {nemo} 20 more, or lose 100 from here
[15:01] {larisa} lol. closing +20, do not confuse me
[15:01] {Threei} full text:
[15:01] {Threei} *(US) JAN CONSUMER CREDIT: $5.0B V -$4.5BE; first increase in 12 months
[15:01] {Threei} - prior revised lower from -$1.7B to -$4.6B
[15:01] {Threei} - Revolving credit -$1.67B v -$8.5B prior (16th straight decline; longest decline on record)
[15:02] {Threei} scalped VXX on a short side from .91
[15:04] {Threei} covered a bit too soon
[15:04] {Threei} but it feels so wierd to short this
[15:04] {Threei} like stretching ovetrstreched rubber band by another couple inches
[15:10] {RonS} RUT just hit and retreated from 666
[15:11] {strider} .
[15:12] {RonS} Vad, time for some TWM?
[15:13] {Threei} .60 break...
[15:14] {Threei} maybe, desirably with little retreat first
[15:14] {Threei} so we have something close to doublre bottom
[15:18] {dino} .
[15:23] {Threei} are we reversing finally, or just a little hiccup
[15:24] {jfjf64} vxx
[15:25] {strider} got +.14 long on the VXX
[15:25] {fernp} have a nice weekend everybody. see you all on monday
[15:26] {jfjf64} later
[15:26] {Threei} good one strider
[15:26] {Threei} take care fern, have a good one
[15:30] {dino} cya fern
[15:35] {dino} gj strider
[15:35] {dino} my dial up is slow
[15:38] {Threei} lol
[15:39] {jfjf64} was wondering dino thought ya sleepin
[15:40] {dino} should be
[15:40] {jfjf64} ditto
[15:41] {Threei} no 200
[15:41] {Threei} no drop either
[15:41] {Threei} we will end up right here, lol
[15:41] {dino} trying to figure out if tnh gets some back into close
[15:41] {dino} .05 sm l
[15:42] {dino} lol
[15:42] {nemo} .35 spread oy
[15:42] {dino} wide one
[15:42] {larisa} what a market, gets to the level and just sits. lazy like vad
[15:43] {Threei} great
[15:44] {Threei} now I am a poaster boy for laziness
[15:44] {Threei} poster
[15:44] {Threei} wait... I am
[15:44] {dino} ipcc
[15:44] {Threei} and proud of it
[15:44] {dino} out .74, +.69 tnh
[15:44] {jfjf64} time for a few cocktails
[15:44] {Threei} read this and wheep:
[15:44] {jfjf64} dino wtg
[15:44] {nemo} piss off jf
[15:45] {Threei} Congressional Budget Office (CBO): Obama proposed budget would incur $9.76T in deficits and publicly held debt would grow to 90% of GDP by 2020
[15:45] {Threei} - revises 2010 budget deficit to $1.5T from $1.3T on 1/26; 2011 budget deficit revised to $1.3T from $980B forecasted on 1/26
[15:45] {Threei} - deficit under the Presidents proposals would fall to about 4% of GDP by 2014 but would rise steadily thereafter
[15:45] {dino} ty jf
[15:45] {Threei} - cumulative deficit over the 2011-2020 period would equal $9.8T (5.2% of GDP), $3.8T more than the cumulative deficit projected in the baseline. Of that difference, roughly $3.0T stems directly from proposed changes in policy and another $0.8T results from additional interest on the public debt.
[15:45] {Threei} - largest budgetary impact would stem from the Presidents proposals to index the alternative minimum tax (AMT) for inflation and to extend various tax provisions contained in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). Over the next 10 years, those policies would reduce revenues and boost outlays for refundable tax credits by a total of $3.0T
[15:45] {Threei}
[15:47] {RonS} 7th gen American starts singing Oh Canada...
[15:48] {dino} well i must say for such a boring day it was very profitable
[15:48] {RonS} ...and starts planning a Vad migration
[15:48] {Threei} in the black here too dino
[15:48] {dino} good to hear
[15:48] {Threei} and this concludes 4th straight week of profit, no single losing day
[15:48] {dino} 686
[15:48] {nemo} Bet we break new highs next week
[15:49] {dino} i have three down days since feb 1st
[15:49] {Threei} I am starting to scare myself
[15:49] {nemo} agree with me?
[15:49] {Threei} goitta stage losing day to get it out of my system
[15:49] {RonS} here too but small...have a good weekend everyone
[15:49] {Threei} take care Ron
[15:49] {nemo} you want me to call trades on Monday Vad :)
[15:49] {dino} gj ron, u2
[15:49] {dino} wow tnh to 87
[15:49] {Threei} yes nemo, please do
[15:50] {nemo} hehehehe
[15:50] {Threei} I just can't lose under this arrangement
[15:50] {jfjf64} good work vad
[15:50] {Threei} you call them good - I brought in new talent
[15:50] {jfjf64} hv great weekend all
[15:50] {Threei} you are disaster - everyone appreciates me more
[15:50] {nemo} bye JF
[15:50] {Threei} take care jf
[15:50] {jfjf64} bye nemo
[15:51] {nemo} could be a big gap up on Monday, because Asia and Europe haven't traded on the American reports yet
[15:51] {larisa} nemo optimist all of a sudden
[15:52] {nemo} analyst
[15:52] {dino} cya jf
[15:52] {nemo} optimism is only relevant in picking the direction that makes me the most money
[15:52] {dino} thx all, good time
[15:52] {nemo} I'd be just as happy if the market tanked
[15:52] {Threei} okay guys, let's hacve a great weelend
[15:52] {Threei} thank you all
[15:52] {larisa} see you :)
[15:52] {Threei} see you on Monday
[15:52] {nemo} bye
[15:53] {lasertrev} have a good weekend all

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Thursday, March 4, 2010

Mar 04 2010

"Official" calls were slightly in black, as the day started with two stops, and was saved later by bigger VXX win and some more scalps. But the real flavor of the day was of course TIVO, with monstrous move that provided scalpers with a lot of opportunities on both sides.

Session Time: Thu Mar 04 00:00:00 2010

[08:10] {Threei} US) Preview: Q4 Final Nonfarm Productivity and Unit Labor Costs due at 8:30am
[08:10] {Threei} Consensus expectations:
[08:10] {Threei} - Nonfarm Productivity: 6.3% vs 6.2% prior.
[08:10] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET
[08:10] {Threei} - Expectations for initial claims are 470Ke v prior week at 496K
[08:16] {Threei} PRFT Reports Q4 $0.10 v $0.09e, R$47.4M v $46Me
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 469K V 470KE
[08:30] {Threei} CONTINUING CLAIMS: 4.5M V 4.600ME
[08:30] {Threei} US) Q4 FINAL NONFARM PRODUCTIVITY: 6.9% V 6.3%E; UNIT LABOR COSTS: -5.9% V -4.5%E
[08:53] {Threei} EU) ECB's Trichet: Reiterates that Greece leaving EMU is an absurd idea - Q&A
[08:54] {Threei} {greece} yeah... good bye EMU
[09:00] {ese} good morning
[09:00] {Threei} ese :)
[09:00] {nemo} dude
[09:00] {ese} hey vad
[09:00] {ese} dude
[09:01] {fernp} Good morning everybody
[09:01] {Threei} fern :)
[09:01] {ese} fern
[09:02] {Threei} ese, did you sign "no to HST" petition yet?? :)
[09:03] {ese} not yet.........have you
[09:03] {Threei} 5 min ago
[09:04] {ese} huh
[09:04] {Threei} I think our provincial govt went insane
[09:04] {Threei} to impose such tax increase at this time
[09:04] {ese} definitely........gotta pay for the olympics somehow
[09:05] {Threei} I don't think it has much to do with Olypmics
[09:06] {Threei} more like, keeping up with Ontario which tries to implement HST
[09:06] {ese} a billion or so cost overrun to build the sea to sky highway isn't it/
[09:06] {Threei} and with temporary insanity
[09:06] {Threei} sure, but HST is not direct tax increase for govt - it goes hand in hand with tax relief for big business
[09:07] {billyc} gm all
[09:07] {Threei} it's not toally revenue neutral,
[09:07] {ese} FOR SURE
[09:07] {Threei} but effect is no where that big for them... rather redistribution of tax
[09:07] {ese} accidental capitos
[09:07] {Threei} billy :)
[09:07] {ese} billy
[09:07] {billyc} vad ese
[09:07] {Threei} less on big business, more on citizenry
[09:09] {ese} very
[09:09] {Threei} anyway, there is the same mechanism in action that tey used to stop the bridge replacement
[09:10] {Threei} 10% of populace sign the petition, it forces referndum on the matter
[09:10] {Threei} and guess how many will vote against, lol
[09:11] {ese} yup
[09:16] {Les} bonjour messieurs et mesdames
[09:16] {Threei} les :)
[09:16] {billyc} les
[09:16] {nemo} Gday sheila
[09:16] {Les} and here I was about to ask if that slug was out of bed yet
[09:16] {Les} nemo, vad, billy
[09:17] {ese} justa who ah are ah you ah reffering ta eh las
[09:17] {dino} gm all
[09:17] {ese} dino
[09:17] {Threei} dino :)
[09:17] {billyc} dino
[09:18] {dino} :)
[09:18] {Threei} huh!
[09:18] {Threei} did they cut govt staff?
[09:18] {Threei} 25% Say U.S. Heading In Right Direction, Lowest Since Obama Took Office
[09:18] {Threei} it held steady at 29 for a year
[09:18] {nemo} me ese
[09:19] {ese} ahhhhhh
[09:25] {jfjf64} mornin
[09:25] {ese} jf
[09:25] {Threei} jf :)
[09:26] {Les} hi ese, jf
[09:26] {billyc} jf
[09:26] {larisa} morning all :)
[09:26] {Les} hi larisa
[09:26] {nemo} lar :)
[09:27] {larisa} les, nemo, vad :)
[09:27] {billyc} larisa
[09:27] {larisa} :)
[09:27] {Threei} larisa :)
[09:27] {strider} morning all.
[09:27] {Threei} strider :)
[09:27] {lasertrev} morning
[09:27] {Threei} trev :)
[09:27] {strider} :)
[09:28] {dino} cmtl, mr,anf
[09:29] {jfjf64} anythin we sd be watchin vad late start here
[09:29] {Les} thanks dino
[09:29] {Threei} keeping ana eye on WFC, it creeps close to yesterday's high
[09:30] {dino} fsys
[09:30] {Les} joyg
[09:31] {dino} petm
[09:31] {Threei} Long Setup: UAUA .40 break
[09:32] {fernp} .30 stop?
[09:32] {Threei} stop under .30 for scalpers, .25 for day traders
[09:33] {fernp} stopped
[09:33] {Threei} yeah
[09:34] {jfjf64} x
[09:34] {Les} dal
[09:36] {nemo} another opening rinse?
[09:36] {dino} yes
[09:36] {Threei} MDVN
[09:36] {Threei} let's see if pullback gives a good entry
[09:38] {dino} hl l .50 mdvn
[09:39] {nemo} spls continuing climb
[09:40] {jfjf64} go dino
[09:42] {Les} uaua fighting to stay up
[09:42] {jfjf64} k .04 break
[09:43] {jfjf64} ko
[09:43] {jfjf64} no go
[09:45] {fernp} K 53 break, Vad?
[09:46] {Threei} can't tell
[09:46] {fernp} INTC breakdown
[09:46] {fernp} ?
[09:46] {dino} amsc, rino continue
[09:46] {Threei} mrket doesn't feel upward looking to me
[09:47] {dino} rino turned into nice swing from tues
[09:47] {Threei} rather feels heavy and tired
[09:47] {Threei} but we have set of numbers soon
[09:47] {Threei} maybe just waiting for them
[09:47] {Threei} US) Preview: Jan Pending Home Sales due out at 10:00ET
[09:47] {Threei} **consensus expectations:
[09:47] {Threei} - M/M: 1.0%e v 1.0% prior
[09:47] {Threei} (US) Preview: Jan Factory Orders due out at 10:00ET
[09:47] {Threei} **consensus expectations: 1.8%e v 1.0% prior
[09:48] {dino} fsys wants open gap
[09:50] {Les} CMTL looks like encountering resistance, lost vol. thinking reversal
[09:50] {Threei} GS explosion
[09:50] {Threei} God's work pays I guess
[09:50] {RonS} BBY seems strong, setup Vad?
[09:51] {Les} GS holding 50ma support weekly
[09:51] {Les} but often selling off by close
[09:51] {Threei} not sure Ron
[09:51] {Les} sorry, end of week
[09:51] {Threei} grrr... missed JPM .80 break
[09:52] {Threei} GS sympathy play
[09:52] {nemo} RIMM weak..retracing...might be setting up for another leg down
[09:52] {RonS} GS 160 heavily watched, hold up or fail could set day's direction
[09:53] {Threei} Long Setup: JPM .95 break
[09:54] {dino} snda sm l .95
[09:54] {Threei} stop under .80 for day traders
[09:54] {Threei} 42 break should give it enough impulse for a bigger move
[09:54] {Threei} watch GS as leading indicator
[09:55] {Les} s cmtl .56 stop hod
[09:55] {Threei} scalping stop .85
[09:56] {nemo} fas weakening
[09:56] {dino} tyhin swm sm l .01
[09:57] {Threei} GS to the rescue... God's work, you know
06[09:57] * nemo slaps Threei around a bit with a large copy of the Ten Commandments
[09:58] {Threei} nah, I have Blankfein's interview
[10:00] {Threei} numbers are bad
[10:00] {Threei} *(US) JAN PENDING HOME SALES M/M: -7.6% V 1.0%E
[10:00] {nemo} jpm holding
[10:00] {Threei} Y/Y: +8.8% V 10.5% PRIOR
[10:00] {Threei} *(US) JAN FACTORY ORDERS: 1.7% V 1.8%E
[10:00] {Les} ouch
[10:01] {dino} fsys crash
[10:01] {Threei} stop to under .85 for everyone
[10:01] {Les} out CMTL +.30
[10:02] {dino} gj
[10:02] {nemo} damn rimm did break again
[10:02] {Les} ty reversal setup worked
[10:05] {dino} hmin gap fill couple days ago
[10:05] {dino} hmin sm l .80
[10:06] {jfjf64} ms
[10:07] {jfjf64} want to play
[10:07] {Threei} come on already JPM, what's with shyness
[10:07] {Threei} uncharacteristical for big bad wolf
[10:07] {dino} kick it
[10:07] {Threei} bank
[10:07] {Threei} whatever
[10:07] {magoo} morn
[10:08] {Threei} hey mags
[10:09] {dino} all red careful
[10:09] {Threei} stop
[10:09] {fernp} yeah
[10:11] {dino} hmin stopped -.32
[10:11] {Les} thinking snda might be ready for swing higher from here
[10:12] {dino} in at .95 awhile ago
[10:13] {dino} markets feels odd today
[10:13] {Les} just closed a short on it
[10:14] {Les} cmtl
[10:16] {jfjf64} vxx vad
[10:18] {ese} i'm still long seed from yesterday bought a little more at the open avg .22
[10:19] {ese} it's holdin up well against a declining mrkt right now....good sign
[10:21] {Threei} JPM rinse
[10:22] {Threei} Long Setup: VXX .20 break
[10:22] {Threei} stop under .10
[10:23] {Threei} not a scalp for me
[10:23] {RonS} Les, LPX short?
[10:23] {Les} lol
[10:23] {Les} whatchya asking me for?
[10:24] {dino} rino breaks 24 down, cutting the tues swing
[10:24] {RonS} Your CY call yesterday...good play.
[10:24] {Les} just the setup taught to me by vad and nothing else
[10:24] {Les} well maybe a little genius was contained in there as well
[10:24] {Les} :D
[10:24] {dino} spls hod
[10:26] {Les} my personal opinion. don't like it. it's narrow. got pivot support at .35. yesterday's close at .33. nah
[10:27] {Les} watching CMTL for 31 b/d
[10:27] {Les} s cmtl .95
[10:28] {Threei} can't believe I decided to pass on CAT .40 short call
[10:28] {magoo} if it sets it (hm, where i learn that?)
[10:29] {jfjf64} tell em magoo
[10:29] {Threei} after three anf half week long winning streak, could be just one of those days when I can't trade 25 cents for a phone call
[10:29] {dino} fsys sm l .51
[10:30] {jfjf64} dont lk that negativity in room
06[10:31] * Threei slaps jfjf64 around a bit with a large bouquet of flowers and the booklet Power of Positive Thiking
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; advancers lead decliners by 1.1:1.
[10:31] {Threei} - NASDAQ volume 495M shares, about 2% below its three-month average; advancers lead decliners by 1.1:1.
[10:31] {Threei} - VIX index -0.75% to just over 18.50
[10:32] {magoo} in vxx btw
[10:32] {Threei} last time around VIX went this low, snapback was quite impressive
[10:33] {Threei} let's see if history repeats itself
[10:33] {dino} tm that 77 area top worked again
[10:33] {Les} Ron, lpx has made pivot support. keep watching it
[10:33] {dino} out rino swing +2.24
[10:33] {billyc} gj dino
[10:34] {dino} ty\
[10:34] {Threei} VXX 1:1
[10:34] {fernp} ty
[10:34] {dino} fsys stopped -.30
[10:34] {ese} screens are red
[10:34] {Threei} half out .33
[10:34] {Threei} stop to .14
[10:36] {dino} fsys blows away estmates and gets crushed
[10:36] {Les} if lpx can give a little bounce for stop here Ron, i'd be happy to short
[10:38] {Threei} after .35 break trail stop to under .20
[10:40] {Threei} Attention: VXX 1:2, 1/4 more out
[10:40] {jfjf64} go my man
[10:41] {Threei} barely crawling this morning jf, but trying hard
[10:41] {magoo} NICE lord vader
[10:41] {Threei} stop for the last part to .25
[10:42] {magoo} over sleep..walz in..hit biggie
[10:42] {Threei} just digging out of morning 2 stops-deep hole, mags
[10:42] {Threei} so you got lucky, lol
[10:42] {jfjf64} be careful ivan and myself havin coffee as we speak
[10:42] {magoo} luck of the irish
[10:42] {Threei} uh oh... Ivan switched sides?
[10:43] {Les} s lpx .29 stop .35
[10:44] {jfjf64} i got him new leather jacket he loves me
06[10:44] * Threei nervously looks out the door to make sure Yuri the Kneecapshooter is still there
[10:45] {jfjf64} yuri 100 percent with ya
[10:45] {RonS} Les, LPX tends to track the homies, you can track XHB with it...
[10:45] {Les} cool
[10:46] {jfjf64} sorry wher stop vxx
[10:46] {Threei} .25
[10:46] {Threei} tell Ivan you lay off vodka while trading
[10:47] {Les} Vad, what nws ANF please?
[10:47] {fernp} WFC any read, Vad?
[10:48] {Threei} 8:01:50 AM
[10:48] {Threei} Abercrombie & Fitch Co Reports Feb SSS +5% v -7.3%e
[10:48] {Threei} ANF Hearing Citigroup upgrades rating to Hold (timing uncertain) (39.88, +3.64, 10.04%)
[10:48] {Les} american shopper is back?
[10:49] {dino} cfi l .20 ave
[10:49] {dino} sxci
[10:49] {Threei} fern... IMO, short into bounce
[10:49] {fernp} ok
[10:49] {Threei} but no precise setup I'd see at the moment
[10:49] {RonS} ANF, sss +5.0% v -6.9% exp for Feb
[10:55] {fernp} STX, Vad?
[10:56] {Threei} chart is right...
[10:56] {Threei} my general lack of faith in breakouts at this point says stay away
[10:56] {Threei} may be wrong, markrt strengthens a bit
[10:57] {Threei} fancy way to say "no idea" :)
[10:57] {fernp} took .50 break w/stop below .45
[10:57] {jfjf64} ivan says you need vodka
[10:58] {Threei} yes, this is one of three phrases he knows
[10:58] {dino} sm l hmin .08
[10:58] {Threei} other two are "where is my money?" and "asta la vista baby"
[10:59] {Threei} first one replaces all greetings for him... last one is applied every time he doesn't know what to say, thus uses a gun
[11:00] {Threei} VXX, trail stop to under .30 after .40 break
[11:00] {jfjf64} ty
[11:01] {jfjf64} ivan likes the way we riding vxx
[11:01] {Threei} jf is under bad influence...
[11:02] {jfjf64} jf is BACK
[11:03] {dino} good
[11:03] {jfjf64} ty dino
[11:03] {ese} SEED!!!!!!!!! know you wanna do of those patended 3 dollar runs
[11:04] {dino} who is ivan you speak of?
[11:04] {Threei} Ivan the Enforser (spelling is his own)
[11:04] {jfjf64} one of vads people
[11:04] {jfjf64} go seed
[11:04] {Threei} VXX trade is closed
[11:05] {Threei} for now at least
[11:05] {ese} you in jf?
[11:05] {jfjf64} good job
[11:05] {jfjf64} no rootin ya on
[11:05] {ese} ahhhhhh tks
[11:09] {dino} tivo
[11:09] {dino} wow
[11:10] {magoo} WHOA
[11:10] {dino} where? 13.80s
[11:10] {magoo} nah
[11:10] {magoo} almost done
[11:10] {magoo} wrong as typed
[11:10] {Threei} I have no news for it
[11:11] {Threei} ahha
[11:11] {Threei} TIVO US Appeals court rules for TIVO (14.10, +3.89, 38.10%) (related DISH )
[11:12] {dino} dish win rumors
[11:12] {Threei} Rambus Inc Strength attributed to chatter of a positive ruling from US Patent office in case against NVDA
[11:12] {Threei} - hearing patent office rules on three patents that an ITC judge found were violated: patent office rules that one patent claim is valid, one invalid, and a third claim is partially valid.
[11:12] {Threei} not rumors dino
[11:12] {Threei} look up
[11:12] {dino} i see
[11:12] {Threei} - Following the decision on the appeal, TiVo moved the district court to find EchoStar in contempt of the courts permanent injunction. After conducting a series of hearings on TiVos motion, the district court ruled that EchoStar was in contempt of its earlier order. The district court rejected EchoStars argument that it had redesigned its infringing products so that they were more than colorably different from the adjudged infringing devices.
[11:14] {dino} echostar symbol?
[11:14] {billyc} dish
[11:14] {dino} ok
[11:15] {dino} dish sm s .00
[11:15] {strider} HIG really wants to bo
[11:15] {dino} tivo sm s .80
[11:15] {RonS} Dish Network is DISH, Echostar is a separate co now, ECHO. Split from DISH in '08
[11:16] {billyc} gj dino
[11:17] {dino} out hmin .out hmin .85, +.78
[11:17] {dino} why is echo not dropping
[11:18] {dino} cov dish .60, +.40
[11:18] {billyc} its all about dish
[11:19] {dino} ty
[11:19] {dino} tivo stopped -.30
[11:20] {dino} sxci nonstop
[11:21] {magoo} wonder if heavy short interest TIVO
[11:21] {Threei} 15 seems to be in cards
[11:22] {magoo} yea
[11:22] {magoo} in seconds
[11:22] {dino} 15.30
[11:22] {magoo} takes 15 could go supersonic
[11:22] {Threei} 14.60 break
[11:22] {Threei} launching pad
[11:23] {Threei} there you go
[11:23] {magoo} in .55
[11:23] {Threei} if you are faster than cheetah with turpentine up its butt
[11:23] {Threei} you can play this kind
[11:24] {RonS} 11.7 mil shrs short
[11:24] {magoo} HL here
[11:24] {dino} where do you get this stuff?
[11:25] {Threei} turpentine? any hardware store {G}
[11:25] {magoo} c'mon
[11:25] {dino} lol
[11:25] {magoo} good...GOOOOOOOOOOO
[11:25] {magoo} 15.20-.30 area
[11:26] {RonS}
[11:26] {magoo} kickin it
[11:27] {dino} dish holds well
[11:27] {magoo} ah..bummer so far
[11:27] {magoo} ah..good
[11:27] {Threei} take half mags
[11:27] {Threei} after all, it's up almost 5 bucks
[11:27] {magoo} waiting .15.27
[11:28] {Threei} here comes 15
[11:28] {dino} sats is echo
[11:28] {Threei} direct hit
[11:29] {dino} directv
[11:29] {Threei} lol
[11:30] {magoo} im next
[11:30] {RonS} I have friends at TIVO. They have been fighting Charlie Ergan on this for 5 years. Bet the vodka is flowing today.
[11:30] {Threei} kids... you want to be like magoo when you grow up
[11:30] {magoo} man, .27
[11:30] {magoo} look .28
[11:30] {Threei} 1 cent under top
[11:31] {Threei} so far at least
[11:31] {dino} damn, missed fsys while watching these
[11:32] {dino} very strange, no real effect on dish or sat
[11:32] {Threei} works like charm: after prolonged period of noredom, some stunning mover comes along
[11:32] {jfjf64} amzn flexin
[11:33] {dino} dish sm s .24
[11:33] {Threei} traders tired of sitting tight hit it with vengeance
[11:34] {RonS} TIVO short squeeze. DISH and/or SATS has already reserved for this. They knew they were going to lose, they just strung it out. Charlie ergan is the Sumner Redstone of the sat biz...sue your way to the top...
[11:34] {magoo} tivo feels like 16
[11:35] {magoo} [11:22] {magoo} takes 15 could go supersonic
[11:36] {Threei} 16 on the nose
[11:36] {magoo} whats 52 wk high on it anyone?
[11:37] {dino} tivo sm s 12.78
[11:37] {dino} tivo 52 week i mean
[11:37] {dino} 12.78
[11:37] {RonS} 12.78, 2000 high $45
[11:38] {RonS} This is just a gap fill...
[11:38] {magoo} to bad..if it was 20...we'd see it
[11:38] {dino} tivo sm s .78
[11:39] {dino} bstop .01
[11:39] {RonS} In the meantime,
[11:39] {magoo} higher imho
[11:40] {magoo} DANGEROUS as taking bacon from vadds plate
[11:40] {dino} stopped
[11:40] {magoo} 17
[11:42] {Threei} getting tired
[11:43] {magoo} careful here
[11:43] {RonS} TIVO has 94 mil shrs outstanding, vol thus far today 25 mil...fascinating
[11:43] {Threei} what's the float?
[11:43] {magoo} why mr. spock?
[11:43] {dino} well, alot are the same shares ron
[11:43] {Threei} outstanding is not a very good indication, float is much better
[11:44] {RonS} Sorry, that is the float.
[11:45] {RonS} dino, a lot are naked shorts...
[11:45] {Threei} how do you know they are naked?
[11:46] {dino} naked, clothed, makes no difference
[11:46] {magoo}
[11:46] {RonS} ...just a hunch. TIVO has been s short fave for years
[11:46] {Threei} it's a serious question, not a lame attempt on humor (although I've been known to make lame ones almost exclusively)
[11:46] {Threei} yes, and stats on shorts are available,
[11:46] {Threei} but naked?
[11:47] {dino} never know until tide goes out
[11:47] {dino} tivo sm s .50
[11:47] {dino} last try'
[11:48] {Threei} TiVo Inc Statement on Decision by U.S. Court of Appeals in Lawsuit Against EchoStar
[11:48] {Threei} We are pleased that the United States Court of Appeals for the Federal Circuit fully affirmed the district court's finding of contempt against EchoStar, including both the disablement and infringement provisions. Additionally, this ruling paves the way for TiVo to receive the approximately $300M in damages and contempt sanctions awarded to us for EchoStar's continued infringement through July 1, 2009. We will also seek further damages and contempt sanctions for the period of continued infringement thereafter. We will continue our efforts to protect our intellectual property from further infringement."
[11:48] {jfjf64} aig gonna explode
[11:49] {dino} yet sats is green
[11:50] {Threei} how did you know jf?
[11:50] {magoo} l aig .90
[11:51] {magoo} .24 area
[11:51] {dino} cov dish .85, +.40
[11:51] {dino} .39 opps
[11:51] {Threei} wtg dino
[11:51] {dino} ty
[11:52] {magoo} maynbe .112 area
[11:52] {jfjf64} aigggggggggggggggg
[11:53] {jfjf64} out
[11:53] {RonS} What does wtg mean? Thanks.
[11:53] {Threei} good job guys
[11:53] {Threei} way to go Ron
[11:53] {magoo} out .05
[11:53] {dino} want the grapes
[11:53] {dino} ;)
[11:54] {dino} wtfg, extrapolate
[11:54] {Threei} lol
[11:54] {ese} dino your hot today.......
[11:54] {dino} not really first hour sucked
[11:55] {magoo} ese..u got cameras on dino?
[11:55] {dino} i painted over the lens
[11:55] {ese} ahhhhh welllll
[11:55] {Threei} GS new highs
[11:56] {RonS} Vol coming in to BBY. Play here Vad?
[11:56] {ese} well the bunny rabits all over his underwear is a bit over the top ;for sure
[11:57] {dino} tivo to flat
[11:57] {dino} stopped flat
[11:57] {Threei} I doubt it Ron
[11:57] {Threei} way too narrow
[11:58] {RonS} txs
[11:58] {Threei} struggle for 5 cents
[11:58] {dino} you saw those es?
[11:58] {ese} alright I take it back....average day for dino
[11:58] {Threei} AIG deep pullback
[11:58] {Threei} should be bounce very soon
[11:59] {dino} my wife likes the rabbits
[11:59] {magoo} call the ball vad
[12:00] {Threei} .85 probably
[12:01] {Threei} invalidated
[12:03] {dino} tivo s .25
[12:03] {dino} cov tivo .13, +.12
[12:05] {dino} s .10
[12:06] {dino} cov .03, +.07
[12:07] {Threei} Market Internals update at 12:00pmET
[12:07] {Threei} - NYSE volume 360M shares, about 17% below its three-month average; decliners lead advancers by 1.1:1.
[12:07] {Threei} - NASDAQ volume 950M shares, about even to its three-month average; advancers and decliners about even.
[12:07] {Threei} - VIX index +2% to just over 19.00
[12:08] {Threei} 15 break next short
[12:08] {dino} s tivo .99
[12:08] {Threei} stop above .10
[12:09] {jfjf64} ???
[12:09] {nemo} tivo jf
[12:09] {magoo} s 15
[12:09] {jfjf64} ty
[12:09] {Threei} 1:1 easy
[12:09] {magoo} out .87 TY
[12:09] {dino} cov .86, +.13
[12:09] {Threei} lol
[12:09] {magoo} no LAUGHING
[12:09] {Threei} this is scalpers heaven as it became a little calmer
[12:11] {dino} sats hl s .73, stop hod
[12:12] {dino} dish collapse
[12:14] {Threei} DISH Reportedly plans to work on a work around for TIVO patent issue (20.44, -1.27, -5.85%) (related TIVO )
[12:16] {dino} imagine they already started that
[12:16] {dino} fsys sm l .49
[12:23] {dino} dish l .50
[12:26] {dino} i froze that
[12:31] {Threei} should be good for 20 cents at least, IMO
[12:31] {Threei} TIVO Price Target raised to $27 from $13 at Lazard, maintains Buy rating (timing uncertain) (15.29, +5.08, 49.76%)
[12:31] {Threei} wow
[12:31] {Threei} impressive target
[12:32] {RonS} Lazard positioning to get TIVO to sell out...IMO
[12:34] {Les} AWIAV?
[12:35] {dino} turkey sandwich
[12:35] {Threei} no, but DISH should be long on .50 break if holding .40
[12:35] {Threei} and TIVO is likely candidate for eod run
[12:37] {Les} I thought it was baloney that got your brain working dino?
[12:37] {Les} or is it meatloaf?
[12:37] {dino} meatloaf
[12:38] {RonS} TIVO options vol shows 30K Mar 17.50 vs 3500 OI
[12:38] {Les} well you're hardly helping out with turkey aren't you....
[12:38] {dino} i know, i'll try harder
[12:39] {dino} dish stopped -.13
[12:39] {Les} I'm still in LPX Ron, but boy is it narrow. better give me some good loving soon
[12:39] {RonS} I just pushed it for you...
[12:40] {Les} now that's some loving
[12:42] {Threei} TIVO next round starts
[12:43] {Threei} IMO, it will revisit 16 at least
[12:43] {Threei} and very likely make new highs
[12:45] {dino} sxci
[12:46] {dino} snda sm l .75
[12:46] {Threei} that was quick
[12:46] {Threei} anyone did TIVO?
[12:47] {fernp} not here
[12:47] {Les} only had time to think about it
[12:47] {Threei} hit it from .44 to .95
[12:47] {Threei} 1K
[12:47] {Les} beers are on you tonight
[12:47] {RonS} wtg Vad :)
[12:48] {Threei} y
[12:48] {dino} fsys stopped
[12:48] {Threei} too bad this kind of things is almost impossible to call precisely
[12:48] {Les} Dino, this is my tribute song to SNDA:
[12:48] {Les}
[12:48] {Threei} kind of : here is idea of the play, see if you can find your way to execute it,
[12:48] {Threei} and if you have to ask - stay away
[12:49] {Threei} magoo and jf love this kind
[12:49] {dino} lol
[12:49] {Les} given the momentum Vad I should have gone for it
06[12:50] * Threei slaps jfjf64 around a bit with a large magoo
06[12:50] * Threei slaps magoo around a bit with a large jfjf64
06[12:50] * Threei slaps Les around a bit with a large magoo and jf
[12:58] {Threei} did I slap whole room into coma?
[12:59] {Les} ok Vad, so how should we play TIVO if it gets to 16 again? We touch it?
[12:59] {Threei} it's not a technical play Les
[12:59] {Les} ok. If I see a break...
[12:59] {Threei} it's not being governed by prices, levels, suports. resistances
[12:59] {Threei} it's a momo
[12:59] {Threei} momo needs a feel
[13:00] {Threei} feel develops by months and years of observation
[13:00] {Threei} I can say all I want "watch for the insane T&S rate"
[13:00] {Threei} but until you see it a few times, watch how price reacts,
[13:01] {Threei} and start getting a feel for this enormous pressure through the T&S
[13:01] {Threei} my words will remain an emtpy sound
[13:01] {nemo} if Vad talks and nobody is there to hear it...
[13:02] {Threei} he will merrily shut up
[13:02] {Threei} accept that some things cannot be put in exact words, all I can do is to point you in the right direction where to look
[13:03] {Threei} but you need to look and see for yourself to start recognizing it
[13:04] {Threei} watch Level 2 and T&S together
[13:05] {Les} feel like I'm in the matrix
[13:05] {Threei} 58% Support Postal Services Plan To End Saturday Delivery
[13:05] {Threei} the rest 42% just can't live till Monday?
[13:07] {nemo} going tibetan monk on us vad? :)
[13:09] {dino} the post office delivers on saturdays?
[13:09] {Les} just not you dino. Disgruntled postal worker thing
[13:10] {dino} ahh, or maybe i don't go to office on saturdays
[13:10] {magoo} ill be back in hour or so
[13:11] {dino} don't let the door hit you on the way out
[13:13] {nemo} doesn't daylight savings time start soon?
[13:13] {Threei} yes
[13:13] {dino} when is the obama ad(sp)inistration coming on tv
[13:14] {nemo} wtf
[13:14] {dino} 14th
[13:14] {nemo} ahhhty
[13:15] {dino} sxci continues
[13:17] {Threei} TIVO too
[13:17] {dino} yeah
[13:23] {Threei} among many other things, in its last throne speech Canadian govt said they want to change some language in hymn
[13:24] {Threei} there are responses t it indicating that it's a red herring,
[13:24] {Threei} designed to distract people from some other issues
[13:24] {Threei} so, the number of these responses is so huge
[13:24] {Threei} that if it's indeed an itention - it works
[13:25] {Threei} people are quite distracted discussing the distraction
[13:25] {Les} ANF
[13:27] {dino} sm s sxci .73
[13:27] {dino} wide
[13:28] {dino} put call over 100%
[13:32] {dino} sxci bstop is hod
[13:33] {Threei} speaking of put/call
[13:33] {nemo} oh oh
[13:33] {Threei} do you guys know that IntelliScan has an alert for put/call ratio 5 to 1 and 10 to 1 (or call/put of course)?
[13:34] {nemo} N/A
[13:35] {Threei} FHN for instance
[13:35] {Threei} alert from call/put 10 to 1
[13:36] {Threei} EZCH, another one
[13:36] {Threei} what n/a nemo?
[13:38] {dino} sxci cov .75, +.98
[13:38] {Les} nice call on sxci
[13:39] {dino} ty
[13:39] {Les} you lucky sod. I covered after .30
[13:39] {dino} gj, you made $. tough sucker to cov, wide
[13:39] {Les} spls 23 break?
[13:41] {RonS} RIMM short on break of day's lows Vad?
[13:42] {Threei} I think so
[13:42] {Threei} needs market help
[13:42] {Threei} but that's what we had last days, so looks valid
[13:43] {strider} HIG, quasimodo
[13:44] {nemo} Intelliscan N/A for me Vad
[13:44] {Threei} huh?
[13:45] {nemo} scoliosis strider
[13:45] {Threei} it's available for anyone who cares to sign up for it
[13:45] {nemo} I don't have it, so therefore asking me if I knew is an N/A
[13:45] {nemo} I realize...I'm not worried
06[13:45] * strider slaps nemo around a bit with a large thing
[13:46] {nemo} oy vay
[13:46] {dino} scok at it again
[13:46] {Threei} if dismiss TIVO longs which were not called explicitly, and leave in one TIVO short for 13 cents, then between two morning stops and VXX and TIVO wins, the day is in black calls wise - not by much but above the burger flipper pay grade
[13:47] {dino} 6 to 36 in 20 days
[13:47] {dino} morning was tough imo vad
[13:48] {Threei} but magoo who managed to slip in for those two stops is the luckiest son of a gun in the room today
[13:48] {dino} tivo s .99
[13:48] {nemo} oh oh
[13:48] {Les} been there Dino, got my butt kicked
[13:48] {Les} good luck
[13:48] {Threei} without that TIVO short, VXX covered stops and left us about even
[13:49] {strider} I'll be a little greener if HIG would go back to the barn.
[13:49] {dino} bstop is .11
[13:50] {Les} Where's Ron so I can kick his butt for putting LPX into my head :)
[13:50] {Les} actually its my own greed.
[13:50] {nemo} we know
[13:50] {Les} LPX did offer up near 1:2
[13:50] {RonS} Dollar up, commodites down, treasuries up...yet the market hangs in. Something has to give...
[13:51] {nemo}'re in a room with traders, which is LIke being at an AA meaning and saying you don't have a drinking problem
[13:51] {RonS} nemo, ain't it the truth...
[13:51] {nemo} Does anybody know the difference between a "Drunk" and an "alcoholic"?
[13:51] {nemo} you still in Dino?
[13:51] {dino} stoppedhmin drop
[13:51] {strider} With vad, it's NEVER like being at an AA meeting.
[13:52] {nemo} Alcoholics go to meetings
[13:52] {strider} Not with a bottle in their hands
[13:52] {dino} stopped .11 nemo
[13:52] {dino} see above 13:49
[13:52] {strider} you were long nemo?
[13:52] {nemo} yeah, I knew it was close but it just broke .11 for a couple
[13:52] {nemo} nope
[13:52] {nemo} watching that one
[13:52] {nemo} just been trading fas and fcx and a little rim today
[13:53] {strider} no, dino said he was long nemo. I was asking him whether he was trading nemo.
[13:54] {strider} We need a punctuation nazi in here.
[13:54] {nemo} dino shorted
[13:54] {strider} never mind.
[13:54] {dino} i shorted s=short, ironically l=long
[13:55] {dino} :)
[13:55] {strider} larisa, straighten these guys out, will you?
[13:55] {larisa} no, too busy looking for Vegas vacation :)
[13:56] {strider} aw, jeez.
[13:56] {Les} I've had my booze quota for the night, so I'm as straight as the chart on SXCI
[13:57] {dino} had a couple shock tops last night, first beers in a week
[13:59] {dino} vad, you'll appreciate this. my sister's pub is located one mile from my house, hence the shock tops
[14:00] {nemo} a woman with a pub.....:)
[14:00] {dino} building a good business, packed for happy hour last night
[14:00] {nemo} that's great
[14:00] {dino} wife says we may have to move
[14:01] {nemo} you spending too much time there?
[14:01] {dino} i think that was her point
[14:01] {nemo} thus my assumption
[14:01] {strider} Or is she wanting to move4 closer, so you don't get lost on the way home?
[14:01] {dino} lol
[14:02] {strider} A mile is a long way to crawl.
[14:02] {RonS} kill two birds with one stone; move into the pub...
[14:02] {nemo} good sobering up distance
[14:03] {dino} indeed
[14:03] {Les} hold it Dino, your trading office is in your house or somewhere else?
[14:03] {nemo} In high school, had a friend of mine pass out in a snowbank in front of his house, cops found him and through him in the tank for the night
[14:03] {nemo} nosy, aren't you Les
[14:04] {Les} got me there
[14:04] {nemo} I'm much worse when I've been drinking
[14:05] {dino} ever try that shock top?
[14:05] {dino} main street building i own, rent 1st floor to bank branch, i'm on second
[14:05] {dino} home is 3 miles away
[14:05] {strider} so, dino, boxers or briefs?
[14:05] {nemo} crissakes
[14:05] {Les} cool. you drink drive or do all of it on foot?
[14:05] {RonS} lol
[14:06] {nemo} could be commando too strider
[14:06] {Threei} shock top?
[14:06] {RonS} who ever came up with that commando stuff...classic.
[14:07] {Les} 3 miles is ...5 km's? ok. too far to walk
[14:07] {strider} I can't stop laughing.
[14:07] {dino} beer 3i, pretty good, reminds me of blue moon
[14:07] {nemo} have no eye deer
[14:07] {Threei} never tried it... some microbrewery?
[14:07] {dino} michelob distributes it
[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 1.36B shares, about even to its three-month average; advancers and decliners about even.
[14:07] {Threei} - VIX index +2% to just over 19.00
[14:10] {dino} fsys sm l .25
[14:11] {Les} stopped slps
[14:12] {Les} spls
[14:12] {nemo} you like it short, yes les?
[14:12] {dino} scok takes out 40
[14:13] {Les} was long. didn't make 1:1. ain't taking the loss
[14:13] {Les} just lost volume and died
[14:13] {dino} only news broke ground on coking facility in china
[14:13] {dino} 42s
[14:14] {dino} can't borrow
[14:15] {strider} HIG inverse c&h
[14:16] {nemo} is the market open?
[14:16] {Les} took a little slice of TIVO on the downside. But losing lots learning to play with it
[14:16] {dino} 45s
[14:19] {Threei} on paper?
[14:19] {Threei} or real money?
[14:19] {Les} no money
[14:19] {Les} absolutely no hurry to return to real money
[14:19] {Threei} good... cause why would you use real money for learning new type of movement
[14:20] {Les} I'd happily go to money if I had discipline to only trade your setups
[14:20] {Les} but I don't
[14:21] {RonS} stolen quote: "market has the feel of waling through a haunted house"
[14:21] {RonS} s/b walking
[14:22] {Threei} and traders feel like they walk on eggs
[14:22] {Threei} umm... and traders feel like they walk on eggs
[14:23] {Les} ?
[14:23] {Threei} which part?
[14:24] {Les} traders and eggs
[14:24] {Les} rotten gas joke?
[14:24] {Threei} how do you walk on eggs?
[14:24] {Les} messily
[14:24] {strider} aig..
[14:24] {Les} with much gusto
[14:24] {nemo} wtf
[14:25] {Threei} AIG IRS to come to positive ruling for AIG in tax dispute over sale of Alico UNit to Metlife (26.99, +2.11, 8.48%) (related MET )
[14:25] {nemo} con mucho gusto
[14:25] {Les} bounce before b/d for TIVO?
[14:25] {strider} wow..I just closed a short on AIG a coupld minutes ago.
[14:25] {nemo} did you pucker?
[14:26] {strider} was right before the spike.
[14:26] {nemo} I suggest making a sacrifice to the trading gods...your wife should suffice :)
[14:27] {dino} lol
[14:27] {strider} they won't like her cooking.
[14:27] {dino} roflol
[14:27] {Les} haha
[14:27] {RonS} One of the many things that scare me to death is Jesse Livermore's description of years on end where there was no money to be made on either side. This last occurred in the '70's...
[14:27] {nemo} put her on a spit
[14:28] {Les} yes I've thought about that Ron
[14:28] {dino} great book that stock trader
[14:28] {nemo} 2012 Ron
[14:28] {Les} wondering if I've chosen hard times to learn trading
[14:28] {larisa} did not like how he ended though
[14:29] {dino} happens to more than you know
[14:29] {Les} s sxci .47
[14:29] {larisa} not many other professions make your emotions fly like this one.
[14:30] {nemo} marriage
[14:30] {dino} if it was easy, all would do it
[14:30] {Les} haven't felt like this since army
[14:30] {strider} you mean in the showers, les?
[14:30] {nemo} nice
[14:30] {RonS} lol
[14:30] {strider} ty
[14:31] {nemo} bet Les dropped the soap on purpose
[14:31] {Les} yeh I used to work with jack asses in the army too
[14:31] {Les} :D
[14:31] {nemo} no animal stories Les
[14:31] {Les} lol
[14:31] {Les} touché
[14:32] {Les} Vad, some order to this madhouse please!
[14:32] {magoo} back
[14:32] {nemo} having said that the mountain divisions and SF guys train with mules and pack animals
[14:33] {dino} hmin 33.10 going to hold
[14:33] {dino} ?
[14:33] {nemo} what?
[14:33] {dino} 33.10?
[14:34] {Les} volume sux
[14:34] {Les} but you know that better than me
[14:34] {dino} i bet it does
[14:35] {RonS} RIMM lod being heavily defended. If it breaks it could be fast and furious...
[14:35] {magoo} tell vad wake up..i am back
[14:37] {dino} sm l ave .15
[14:37] {dino} hmin
[14:40] {nemo} geez...froze hmin dino
[14:41] {dino} aaww
[14:41] {dino} iceman today
[14:41] {dino} stop is .87
[14:43] {Threei} [14:27] {RonS} One of the many things that scare me to death is Jesse Livermore's description of years on end where there was no money to be made on either side. This last occurred in the '70's..
[14:43] {Threei} he was talking about much bigger movements Ron
[14:43] {Threei} our scale practivally always has something
[14:44] {nemo} the cost structures were much different then also
[14:44] {jfjf64} ivan agrees vad
[14:44] {Les} yeh but how am I going to afford a mansion in the Hamptons
[14:44] {Les} private yacht?
[14:44] {Les} chalet in the alps
[14:44] {nemo} make your wife get a second job
[14:45] {Les} you've got an issue with wives, don't you nemo
[14:45] {nemo} oh vad, magoo's back
[14:45] {dino} les, you don't need all that if you have us
[14:45] {nemo} gag
[14:45] {Les} Nemo, which movie!
[14:45] {Les} Can I have you both!
[14:45] {RonS} ...agreed Vad, plus the politicians think it their birthright to jerk things around.
[14:46] {nemo} don't recognize it, must have been under the influence
[14:46] {Les} another hint:
[14:46] {Les} "I'd buy that for a dollar"
[14:46] {dino} thing too ron, there's always a bull market somewhere, and w/internet you find it fast. back to the old buy and hold vs new instant trades
[14:46] {nemo} gonna' have to work through the gunk
[14:47] {nemo}, not that movie
[14:47] {Les} dead or alive, you're coming with me
[14:47] {Threei} [14:46] {dino} thing too ron, there's always a bull market somewhere, --- just look at TIVO for illustration, while market did almost nothing
[14:47] {nemo} Paul Weller?
[14:48] {dino} todays days are like four days of the 80s 90s. used to be an up day was an up day, now up/down/up/down, etc
[14:48] {Les} ?
[14:48] {Les}
[14:48] {nemo} guy that played RObocop
[14:49] {nemo} yeah...that guy
[14:49] {Les} really? I googled a musician
[14:49] {dino} talk to older guys, they ask what i look for on day trade, i say 5%+ daily move fast, they say it rarely happens. you know my response
[14:49] {dino} 15% are common
[14:50] {dino} blows their monds
[14:50] {dino} minds too
[14:50] {Threei} must not be pretty
[14:50] {Threei} minds, yeah
[14:50] {Threei} but old guys with blown monds...
[14:50] {nemo} tempting...
[14:51] {dino} pull up your scanner top tens, have 16 today
[14:51] {dino} right now, more of course from earlier
[14:51] {Les} I was reading of someone at Bill Cara's blog dino
[14:52] {Les} who called them capitulation plays, which of course they are
[14:52] {Les} didn't realise what he was doing
[14:52] {Les} until I learnt it from you
[14:52] {dino} don't know him, but yes capits and euphoria
[14:52] {Threei} dino does it seriously differently
[14:52] {Les} how?
[14:52] {Threei} look through that guy's alerts,
[14:53] {Threei} you'll see that in many cases he gets interested in new lows, far from extreme selloffs
[14:53] {Threei} dino wants mind-boggling extreme
[14:54] {dino} the heart wants what it wants
[14:54] {dino} scok goes to 46 to 41 back to 46
[14:55] {dino} 50 strike probably in play
[14:55] {dino} too risky tho
[14:57] {fernp} Good evening everybody. See you all tomorrow
[14:57] {Les} ciao fern
[14:57] {billyc} cya fern
[14:57] {nemo} Hasta manana
[14:57] {jfjf64} later fern
[14:58] {dino} cya
[14:59] {Threei} take care fern
[14:59] {jfjf64} im feelin big sell comin
[15:00] {dino} i'll take other side
[15:00] {RonS} .VIX doesn't show it...yet...
[15:00] {Threei} QID and VXX are your guys then
[15:00] {ese} back for the last hour......
[15:00] {nemo} jobs report tomorrow morning..probably not much til then
[15:00] {jfjf64} rimm feelin bottom ups
[15:01] {dino} back in 10
[15:01] {nemo} TFTW
[15:02] {nemo} back tomorrow for me...c u in the a.m (p.m.) for LEs.
[15:02] {Les} ciao
[15:02] {strider} see ya, nemo.
[15:02] {Threei} take care nemo
[15:10] {dino} cya nemo
[15:10] {Threei} TD CEO: Housing market in Canada is 'buoyant'; global economy to stay fragile in 2010 (67.74, +1.54, 2.33%)
[15:10] {Threei} buoyant is right
[15:10] {Threei} multiple offers, biddig wars
[15:11] {dino} nice
[15:12] {Threei} over 3 years since I bought my house in Victoria it went up 25% by the most modest estimations - and these 3 years included a year and half of retreat while everyone felt concrned about crisis
[15:13] {dino} lucky
[15:13] {Les} not bad. 30% here but probably dropped off a few points now
[15:14] {Threei} considering that I bought it after, let's call it considerable runup
[15:14] {Les} but not giving this place up. demographics around Lake Geneva suck. less and less land every year
[15:15] {Threei} and considering that this is second most expensive area in Canada
[15:15] {RonS} Victoria is a great place. Spent two very memorable vacations there. Anyone who has not been, should go. And on a sunny day, the Sound and Channel islands are pure magic.
[15:15] {Threei} hard to complain
[15:16] {dino} dead here in ne pa
[15:16] {dino} aaww
[15:16] {Threei} jf, did you go for either QID or VXX?
[15:17] {jfjf64} n
[15:17] {dino} aaww boeing contract
[15:17] {jfjf64} short rimm .88
[15:17] {dino} scok back to 43
[15:20] {Threei} TIVO
[15:21] {Threei} eod runup is likely
[15:26] {ese} ya gonna come back Ron?
[15:27] {Threei} anyone went for TIVO?
[15:28] {Les} y
[15:28] {Threei} :)
[15:28] {RonS} ...anything is possible, but having escaped the Northwest I have become addicted to CO sunshine.
[15:28] {Threei} magoo just up and left
[15:28] {Threei} sigh... and was trying to find a play for him
[15:28] {Threei} and jf
[15:28] {Les} packed the kids off to bed. now I have time to trade
[15:29] {Les} done. in .87 half out .99 all out .18 ty
[15:29] {jfjf64} im here
[15:29] {jfjf64} sell rimm sell
[15:33] {jfjf64} ivan sell ivan
[15:34] {Threei} good one jf... I am almost ready to forgive you for not taking TIVO
[15:35] {jfjf64} 1/1
[15:35] {Threei} magoo, on the other hand, I will never forgive. Ever. Dino, tell him that please. And make sure he comes with 6-pack, so I can forgive him wheh I am thirsty
[15:35] {dino} crazy ivan, what movie
[15:35] {Les} hunt for red october
[15:35] {dino} ]lol
[15:35] {Threei} armagedon?
[15:35] {dino} right
[15:36] {dino} red oct
[15:36] {dino} great movie
[15:36] {jfjf64} out
[15:36] {Threei}
[15:36] {dino} giddy-up hmin
[15:37] {Threei} this takes prize in idiocy department for today:
[15:37] {Threei} ECB's Constancio: FX market interventions could be warranted if currency swings are severe enough to threaten the ECB price stability target
[15:37] {Threei} - reiterates welcomes US statements that strong dollar in United States best interest
[15:37] {Threei} good luck Constancio
[15:37] {Threei} you won't suceed but will look good trying
[15:38] {Les} he might have scared hedge funds with intervention threat but blew it with referall to strong dollar policy
[15:38] {dino} neu rockin'
[15:38] {Threei} history never knew any successful currency intervention
[15:38] {jfjf64} good night all
[15:38] {Threei} they all backfired, no exception
[15:38] {Les} night jf
[15:38] {Threei} take care jf
[15:38] {billyc} cya jf
[15:38] {jfjf64} takin ivan to SCORES
[15:39] {dino} even govt has no long term effect
[15:39] {Les} the french policy of "franc fort" didn't work?
[15:39] {RonS} The Chinese seem to be doing OK...
[15:39] {Threei} those are plicies
[15:39] {Threei} I am talking about market intervention
[15:39] {Les} ok
[15:39] {Threei} as in: freely traded currency, not like opegged Yuan
[15:40] {Threei} and givt tries to become a market moving force by participating
[15:40] {Threei} buying, selling, whatever
[15:40] {RonS} ...just joking Vad. TIVO HOD
[15:42] {dino} good gut call tivo vad
[15:42] {Threei} ty
[15:42] {Les} stopped lpx -.01. gave me once chance and I blew it
[15:43] {RonS} it not strange that GS is up $6, breaking resistance and the inices are essentially flat?
[15:44] {dino} hmin to .64
[15:45] {dino} get ready
[15:45] {Threei} FAS is nicely up
[15:46] {Threei} some toher stocks outweighed GS in indices
[15:46] {dino} stop to .95
[15:46] {dino} tighten it
[15:47] {Les} gonna have to use the "o" word again tonight dino?
[15:47] {dino} huh?
[15:47] {Les} obscene
[15:47] {Threei} {dino} you obscene
[15:47] {dino} ohhh
[15:47] {Les} if I remember correctly ave. 15
[15:47] {Threei} Fed's Bullard: FOMC is considering a change to language on horizon for rate changes
[15:47] {Threei} uh oh
[15:48] {dino} to japanese
[15:48] {Threei} lol
[15:48] {Les} hehehe
[15:48] {RonS} something other than "yabba dabba do"
[15:48] {Threei} I am not sudying any more langages in my life
[15:49] {dino} out hmin .11, +.96
[15:49] {Threei} wtg
[15:50] {dino} thx
[15:50] {Les} that is nice way to finish
[15:50] {billyc} gj dino
[15:50] {dino} lucky way
[15:51] {RonS} dino should change his name to bambam
[15:52] {Threei} if I know anything about strider, he is contemplating taking TIVO home right about now
[15:53] {dino} he has one on his harley
[15:53] {dino} i'm tired, too many trades
[15:54] {strider} no no no...too scary for me. I shut my laser down so I wouldn't be tempted.
[15:54] {Threei} here comes final push
[15:54] {Threei} but the tempattion was there eh? :)
[15:55] {strider} oh yeah.
[15:55] {strider} The 'resist not evil' approach doesn't work for me and stocks.
[15:55] {dino} that typically happen on momo vad?
[15:55] {dino} hod i mean
[15:56] {Threei} not really
[15:56] {Threei} they tend to pull back more often
[15:56] {Threei} close at the high after such run up is rather exception
[15:56] {dino} i was expecting big pullback
[15:57] {dino} snda stopped -.30
[15:57] {Les} look at TIVA on daily chart
[15:58] {Les} tivo sorry
[15:59] {RonS} 34x normal volume
[16:00] {billyc} thanks guys see you in the am
[16:00] {Threei} thank you all
[16:00] {RonS} TIVO is run by an ex-GE guy. If he is not shopping this thing immediately he is nuts.
[16:00] {Threei} have a great evening
[16:00] {Threei} see you tomorrow
[16:00] {RonS} Thanks Vad.
[16:00] {Les} yeh u 2. ciao
[16:00] {dino} thx all
[16:04] {dino} aarst drop
[16:04] {dino} arst

Labels: , , , , , ,

Wednesday, March 3, 2010

Mar 03 2010

Narrow range day again, so trades were few and far between, but still - 4 trades, 3 wins, single stop was just 8 cents. The best trade was early WFC long

Session Time: Wed Mar 03 00:00:00 2010
[07:52] {Threei} (GR) Greece formally announces austerity measures of 4.8B (2% of GDP) - draft bill
[07:52] {Threei} - To increase VAT tax by 2% to 21%; will add 1.2B in revenues
[07:52] {Threei} - To raise 1B from a one-time company tax by end of 2010
[07:52] {Threei} - To raise duty on alcohol by 20%
[07:52] {Threei} - To cut public sectort sallary supplements by 12% v 10% prior
[07:52] {Threei} - To cut public sector bonus during three holiday periods (Christmas, easter and summer)
[07:52] {Threei} - To impose luxury tax on cars, yachts, etc
[07:52] {Threei} - To raise excise on fuel by 0.03-0.08/liter
[07:52] {Threei} - To freeze increases for pensions in 2010 (no cuts either)
[07:52] {Threei} - Gov't spokesperson: To submit new tax law to parliament in the near future
[08:00] {strider} 8 measures there. Only 3 of them are reductions in spending. The other 5 are tax increases. And they call this an austerity package.
[08:00] {Threei} road down is tough...
[08:00] {Threei} MDVN, mama mia
[08:00] {Threei} MDVN Phase III studies of Dimebon (latrepirdine) alzheimers program missed co-primary and secondary endpoints
[08:02] {strider} CC at 8:30
[08:02] {Threei} kind of things that remind me why I am not an inwestor
[08:03] {strider} pharmas sure aren't the place to try to invest.
[08:04] {strider} MDVN trading was halted awhile at 7:30. What good does that do?
[08:04] {Threei} .36 - .80 scalp
[08:04] {strider} It still went to the crapper.
[08:05] {Threei} well... in their mind, halt before news is disseminated makes sure everyone gets news at the same time
[08:05] {strider} I guess that could happen.
[08:05] {Threei} the chain from FDA announce,ent to news wire can have leaks
[08:06] {strider} No, vad, say it isn't true.
[08:06] {Threei} :)
[08:06] {strider} you mean some are more equal than others?
[08:08] {Threei} horrible thought isn't it
[08:12] {Threei} GR) Reportedly Germany will not offer aid to Greece during Merkel's meeting on Friday, March 5 2010
[08:12] {Threei} - Meeting will only discuss current state of events
[08:12] {Threei} - Greece must implement austerity plans; confident that plan will stabilze the EUR.
[08:16] {Threei} US) FEB ADP EMPLOYMENT CHANGE: -20K V -20KE
[08:16] {Threei} - Prior revised from -22K to -60K
[08:42] {Threei} (US) Fed's Fisher: USD to remain reserve currency for some period of time; investor interest in USD forces discipline -Q&A at CFR
[08:42] {Threei} - Echoes that Fed should prevent asset bubbles
[08:42] {Threei} - Fed in the early 2000's held rates too low for too long
[08:42] {Threei} - Exit policy will be needed when monetary supply velocity increases (We note that that velocity of money has been falling since the end of 2005)
[08:42] {nemo} so we'll be the "reserve" toilet paper
[08:54] {Threei} (EU) Reportedly EU may hold Phase 3 Co2 auctions as early as 2011 (related CARBX )
[08:54] {Threei} why, just do it now
[08:54] {Threei} when you are on suicide mission, why not do it quickly
[09:05] {ese} good morning
[09:05] {Threei} ese :)
[09:07] {ese} gotta love this weather vad.......was taking to my relatives in Kenora yesterday......they still have snow
[09:08] {Threei} that's why we moved eh
[09:09] {ese} glad for that. all thought i didn't know it at the time
[09:10] {jfjf64} mornin all
[09:10] {ese} jf
[09:10] {Threei} jf :)
[09:10] {Les} Heeeeeeeeeere's Johnny!
[09:10] {Les} :D
[09:10] {Threei} les :)
[09:11] {ese} les
[09:11] {Les} ese, jf
[09:11] {nemo} Is that the Ed McMahon version or the Jack Nicholson version Les?
[09:11] {ese} am gonna be in your neck of the woods in a couple of days les
[09:12] {Les} I'd like to qualify that statement ese
[09:12] {ese} dude!!!!!!!!!!
[09:12] {nemo} dude
[09:12] {jfjf64} russian mob at door wouldnt let me in told them i was friend of vad still wanted cc# whats going on here
[09:12] {ese} it was a quality statment.......wha da ya takin bout
[09:13] {Les} 4 hours drive from your house takes you where? You're neck of the woods still?
[09:13] {Les} you're = your
[09:13] {Threei} that's nothing jf, be thankful Ivan The Enforser and Yuri The Kneeshooter weren't there
[09:14] {jfjf64} lol
[09:14] {Les} I used to think 4 hours was close
[09:14] {Threei} notice spelling in the first name - that's how Ivan satisfies his desire to be unique
[09:14] {jfjf64} i see ya guys gv me a bashin yest after i left chat
[09:15] {jfjf64} lol
[09:15] {Threei} that's what we do - especially when you do not diaconnect so you could read later
[09:15] {Threei} if you do disconnect - we e-mail you all the bashing
[09:15] {nemo} always pick on people who aren't here to defend themselves
[09:15] {larisa} gm all :)
[09:15] {nemo} lari :)
[09:15] {Les} I just take negative commentary as a given once I've quit the room jf
[09:15] {Les} lari
[09:16] {larisa} nemo, les, vad :)
[09:16] {jfjf64} winners= bashin=all good
[09:16] {Threei} larisa :)
[09:16] {nemo} in your case Les, more than happy to do it while your here
[09:16] {jfjf64} nemo good mornin
[09:16] {Threei} US) Fed's Rosengren: There is a risk current low rates could fuel future bubbles
[09:16] {Threei} - Fed needs broad oversight to monitor risk
[09:17] {Threei} at least they did learn something from the housing debacle
[09:17] {billyc} gm everyone
[09:17] {Les} billy
[09:17] {Threei} billy :)
[09:17] {billyc} les
[09:17] {Threei} les, simply think of it as normal, not negative
[09:17] {billyc} vad
[09:18] {Threei} neutral becomes positive then
[09:18] {Threei} positive becomes highest praise possible
[09:18] {Les} I'd like to qualify that statement vad
[09:19] {Threei} and your whole world moves one step in giddy direction
[09:19] {Les} I accept what you accept if I accept that this is a madhouse
[09:19] {Les} accept accept accept
[09:19] {Threei} well, if you don't - you are quite mad
[09:19] {Les} i've lost it already
[09:19] {Les} lol
[09:19] {Les} I'll shut up now
[09:19] {jfjf64} too much coffee les
[09:20] {nemo} Let's see how long this lasts...
06[09:20] * nemo slaps lasertrev around a bit with a large trout
[09:20] {Threei} how rude
[09:20] {strider} OUT OVERNIGHT tm, +2.41.
[09:20] {strider} sorry for the caps.
[09:20] {Threei} wtg strider
[09:20] {lasertrev} morning all
[09:20] {jfjf64} gj
[09:20] {billyc} gj strider
[09:21] {strider} :)
[09:21] {Threei} trev :)
[09:21] {Les} strider
[09:21] {lasertrev} n1 strider
[09:21] {Threei} btw, anyone noticed my typing became muc better?
[09:21] {billyc} trevor
[09:21] {strider} no.
[09:21] {Les} almost
[09:21] {strider} no, vad.
[09:21] {Threei} okay... be that way
[09:21] {strider} thanks, laser, billy, jf
[09:22] {strider} But we have noticed that you BELIEVE your typing is better.
[09:22] {Threei} lol
[09:22] {lasertrev} i think it has been muc better vad
[09:22] {Threei} okay, that does it
[09:22] {nemo} nice lt...
[09:22] {nemo} EVERYBODY DUCK!!!
06[09:22] * Threei slaps lasertrev around a bit with a large dose of antisarcasin
[09:22] {jfjf64} i vote for live audio screw typing
[09:22] {Les} lol
[09:22] {lasertrev} lol
[09:22] {Les} antisarcasin what?
[09:23] {nemo} his great typing
[09:23] {nemo} antisarcasm
[09:23] {nemo} Wow...this day has already hit overdrive
[09:23] {Threei} dino/magoo and under the snow again?
[09:24] {ese} has it ever hit overdrive
[09:24] {ese} well this borad is my fix for the day.......can't get along without it
[09:24] {fernp} Good morning everybody
[09:24] {jfjf64} snow here long island
[09:24] {Threei} who needs a cure from the desire to be an inwestor (sic) - look at MDVN
[09:24] {nemo} you mean board or borat?
[09:24] {billyc} fern
[09:24] {Threei} fern :)
[09:24] {ese} fern baby!!!
[09:25] {lasertrev} gm fern
[09:27] {Les} oh that is ugly vad, and I don't think MDVN or its investors can ask a 2nd opinion either
[09:27] {ese} novl takeover
[09:27] {Les} mind you, great scalp play today
[09:30] {Threei} a few hours ago:
[09:30] {Threei} OPTT Receives 2.2M EC Grant for Spanish Project
[09:30] {dino} gm all
[09:30] {Threei} dino :)
[09:30] {billyc} dino
[09:30] {Les} dino
[09:30] {dino} :)
[09:31] {Threei} - Awarded 2.2M under the European Commission's Seventh Framework Programme (FP7), by the EC Directorate responsible for new and renewable sources of energy, energy efficiency and innovation.
[09:31] {Threei} - The grant to OPT is part of a total award of 4.5M to a consortium of companies, including OPT, to deliver a PowerBuoywave energy device under a project entitled WavePort, with an innovative wave prediction capability and a "wave-by-wave" tuning system. It is anticipated that the PowerBuoy will be deployed at the Santo?ite in Spain, where OPT has worked on a wave energy project under contract from Iberdrola, the major Spanish utility company.
[09:31] {dino} mdvn, nflx, visn, bucy, joyg
[09:33] {Les} sqnm selloff
[09:33] {Threei} Long Setup: WFC .05 break
[09:35] {dino} gap around 6.90 sqnm
[09:35] {ese} in
[09:35] {dino} in
[09:35] {fernp} stop vad?
[09:35] {Threei} whole 3 versions of stops depending on your objective
[09:36] {Threei} under 28 for extreme scalpers
[09:36] {Threei} 27.95 for day traders
[09:36] {Threei} 27.90 for longer hold
[09:36] {Threei} it acts as salmon
[09:36] {Threei} needs some market help of course but if gets one - should be a nice mover
[09:37] {gregns} what is meant by salmon , please
[09:37] {Threei} extreme scalpers have over 1:1
[09:37] {dino} bad breath greg=salmon
[09:37] {Threei} stock exhibiting a pattern of moving against the current greg
[09:37] {dino} kidding, against the mark
[09:37] {gregns} ty
[09:37] {jfjf64} y
[09:37] {Threei} tends to sit tight near the high while market drops,
[09:37] {Threei} and break out when market bounces
[09:38] {dino} wow rino
[09:38] {Threei} day traders have 1:1
[09:39] {fernp} ty
[09:39] {ese} out wfc .15 +.08
[09:39] {ese} tks vad
[09:39] {Threei} sure thing
[09:39] {billyc} thanks
[09:39] {jfjf64} oih
[09:39] {magoo} achdakugCHDD
[09:39] {Threei} mags :)
[09:39] {magoo} I LIKE RIMM FOR BOUNCE
[09:39] {Threei} awwww... ENER
[09:39] {Threei} this one seriously got away from us
[09:40] {Threei} RIMM
[09:40] {dino} out wfc .16, +10 thx vad
[09:40] {Threei} welcome
[09:40] {jfjf64} wfc strong
[09:41] {Threei} longer hold ones have 1:1 in 2 cents
[09:41] {Threei} in 1
[09:41] {jfjf64} 1/1 ty
[09:41] {magoo} out rimm .68
[09:41] {magoo} +..13
[09:41] {gregns} ty
[09:41] {Les} fast work mags nice one
[09:42] {dino} amsc?
[09:42] {magoo} scalpin until i get my sea legs back
[09:42] {Threei} no news dino
[09:42] {Threei} I guess that nonsense from before just clears up slowly
[09:43] {Les} ty vad nice way to start the day
[09:43] {Threei} welcome guys
[09:44] {Threei} AMLN
[09:44] {Threei} yesterday's high and 52 week high
[09:45] {Threei} I'd like a bit more consolidation for decisive break
[09:45] {ese} somebody give me an opinion on aig......bottomed out out at 25 ya figure
[09:45] {Threei} WFC, extreme scalpers are crying, day traders have 1:2
[09:45] {ese} or farthur to go yet
[09:46] {Threei} 25?
[09:46] {Threei} AIG is at 24.70
[09:46] {ese} dollars
[09:46] {ese} ya relative term
[09:46] {nemo} aig
[09:46] {nemo} sorry
[09:46] {dino} nflx, hmmm, big old gap 52ish
[09:46] {ese} thinkin dino's .00 or .50's
[09:47] {Threei} AMLN, more or less shapes up
[09:47] {Threei} Long Setup: AMLN .45 break if stays above .35
[09:47] {dino} mdvn was that the only drug?
[09:47] {ese} nice call on wfc vad....still goin
[09:48] {Threei} longer term holders have over 1:2
[09:48] {jfjf64} great find
[09:48] {Threei} my work is done on this one, who is still holding - you are on your own
[09:48] {Threei} no way to lose on it
[09:49] {Les} out last 100 shares of wfc. sweet
[09:49] {Threei} AMLN invalidated
[09:50] {Les} .50 break mdvn?
[09:51] {Threei} no read
[09:51] {fernp} EXM Vad?
[09:51] {Threei} Long Setup: CY .36 break
[09:52] {dino} rino working towards 30 by exp, imo
[09:52] {Threei} looks right fern
[09:52] {fernp} ty
[09:52] {dino} visn l .40
[09:53] {Threei} CY, either under .30 or .25
[09:53] {Threei} both are valid
[09:53] {ese} dino you done anything with nflx
[09:53] {dino} no, but not sure what to do
[09:53] {magoo} CY huh?
[09:53] {Threei} .46 is CY's 52 week high
[09:54] {magoo} shorting now
[09:54] {dino} holding too well imo
[09:54] {dino} really wanted 60s
[09:54] {magoo} oh, u mean the stop
[09:54] {Threei} yes
[09:54] {Threei} it triggered long
[09:57] {Threei} Long Setup: CTXS .10 break half lot
[09:58] {Threei} big offer at 44
[09:58] {Threei} let's modify
[09:58] {Threei} 44 break long
[09:58] {Threei} if holding above .90
[09:59] {Threei} CY stopped
[09:59] {fernp} stopped CY
[10:00] {Threei} ***sub-indices:
[10:00] {Threei} - Prices Paid: 60.4 v 61.2 prior
[10:00] {Threei} - Employment: 48.6 v 44.6 prior
[10:00] {Threei} -...more... (related SPY SHY EUR/USD )
[10:00] {Les} rinse out CY
[10:01] {ese} L brcm .50
[10:02] {fernp} MS breakout Vad?
[10:03] {Threei} I think so, if holding above .70
[10:04] {ese} out brcm ..40 -.10 frickin bull trap
[10:04] {Threei} numbers caused some turmoil ese
[10:04] {ese} ya
[10:06] {Threei} CTXS 1:1, half out
[10:07] {Threei} scalpers know what to do
[10:07] {fernp} ty Vad
[10:07] {Threei} lol
[10:07] {Threei} welcome
[10:10] {strider} ca
[10:10] {strider} T
[10:10] {strider} CAT
[10:16] {Threei} come to papa CTXS
[10:17] {fernp} HIG db, Vad?
[10:17] {RonS} market pause for oil report...TIE on break up?
[10:17] {Threei} can't tell on HIG
[10:17] {Threei} TIE, looks right to me
[10:18] {Threei} .95 break
[10:18] {RonS} tnx
[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:18] {Threei} **consensus expectations:
[10:18] {Threei} Crude: +1.2Me
[10:18] {Threei} Gasoline: +500Ke
[10:18] {Threei} Distillate: -500Ke
[10:20] {jfjf64} spwra vad
[10:21] {Threei} me likey
[10:21] {Threei} if stays above .90
[10:23] {jfjf64} y
[10:23] {jfjf64} 5 min nice
[10:23] {dino} scok jumps again
[10:23] {dino} wide sucker
[10:23] {nemo} offer at 20 on spwra
[10:24] {Threei} {wide suckers} come on dino... we just like those cheeseburgers
[10:24] {strider} HIG
[10:24] {Threei} TIE 1:1 for scalpers
[10:24] {Threei} good find Ron
[10:24] {Threei} 1:1 for day traders
[10:25] {RonS} volume looks aggressive
[10:25] {dino} 17 to 30 in 5 days
[10:26] {fernp} TIE 1:1 Thanks Ron
[10:27] {RonS} beginner's luck
[10:28] {Threei} I'll take 2 kilos please
[10:29] {dino} cfi l .50
[10:30] {Threei} *DOE CRUDE: +4.03M V +1.2ME
[10:30] {Threei} DISTILLATE: -840K V -500KE; UTILIZATION: 81.1% V 81.2%E
[10:30] {Threei} GASOLINE: +770K V +500KE
[10:31] {Threei} SPWRA invalidated as break, may still play as a bounce
[10:31] {Les} was looking for b/d after bounce
[10:31] {dino} visn stopped
[10:32] {dino} fti?
[10:32] {jfjf64} x.10
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 185M shares, about 24% below its three-month average; advancers lead decliners by 2.1:1.
[10:32] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.3:1.
[10:32] {Threei} - VIX index -2% to just over 18.50
[10:33] {nemo} that oil report didn't faze the market
[10:33] {Threei} discrepancy between NYSE and NASDAQ becomes ridculous
[10:34] {Threei} why would it nemo... good report
[10:34] {Threei} oil is plentiful
[10:34] {jfjf64} x is all over
[10:35] {jfjf64} place
[10:35] {Les} .10 break on X?
[10:35] {dino} swm sm l .28
[10:35] {jfjf64} y
[10:35] {Threei} yes les
[10:36] {jfjf64} half out
[10:37] {jfjf64} stop to.20
[10:38] {jfjf64} out
[10:38] {magoo} x waas good one
[10:38] {magoo} fast too
[10:39] {Threei} wtg jf
[10:39] {jfjf64} lk to gv back
[10:39] {RonS} oil recaptures its .40 drop...5th week for selloff and then higher
[10:39] {magoo} thoughts TIE vad, still in
[10:39] {Threei} partial mags
[10:39] {ese} L seed .24
[10:39] {Threei} it's a slow one
[10:40] {magoo} yea
[10:40] {Threei} can climb for indefinite time, or can fizzle out
[10:40] {Threei} hard to tell on slow ones
[10:40] {magoo} spwra vad?
[10:40] {Threei} no read on that one
[10:40] {magoo} ok, not in
[10:42] {Les} OSIP 57 break?
[10:42] {Threei} nah
[10:43] {Threei} OSIP is bought out
[10:43] {Les} at this price?
[10:44] {Les} beautiful triangle built over last couple of days
[10:44] {ese} this thing gets above .40
[10:44] {ese} seed that is
[10:44] {ese} look out
[10:44] {Threei} OSIP Astellas Pharma offers $52/shr (40% premium); All cash deal valued at $3.5B (update)
[10:45] {Les} ok, not even 57
[10:45] {Threei} they haven't accepted offer yet
[10:45] {ese} course.......if it goes the other way........yikes
[10:45] {dino} hoping for others
[10:46] {dino} some big pharma is involved w/one of their drugs, waiting for them is rumor
[10:47] {Threei} MDVN CEO: We have other drugs in the pipeline besides Dimebon, with four studies in pivotal drug trials currently - CNBC interview (12.98, -27.27, -67.75%) (related PFE )
[10:47] {dino} ceph
[10:50] {Les} spls 23 break?
[10:50] {dino} yeah for scalp
[10:51] {RonS} CTXS news link:
[10:51] {dino} no trig les
[10:51] {RonS} Is doing this kosher Vad?
[10:51] {dino} out cfi .62, +.12
[10:51] {Les} yeh 200 resistance
[10:52] {RonS} Does anyone understand the CTXS article?
[10:53] {Threei} doing what Ron?
[10:53] {Threei} posting news?
[10:53] {RonS} Posting news links...
[10:54] {Threei} sure, as long as it's news and not some blog with some anonymous musing of another igorant fame-seeker
[10:54] {dino} leave nemo out of it
[10:54] {Threei} lol
[10:54] {Les} I read Nemo's bad jokes, but that's about it...
[10:55] {nemo} FCX break of .80
[10:55] {RonS} lol...wanting to be sensitive to the delicat etiquette here...
[10:56] {dino} qsii hl l ave .25\
[10:56] {Threei} etiquette is simple actually...
[10:56] {jfjf64} look at tie
[10:57] {dino} tm strong, worst may be over. range 71-77
[10:57] {Threei} don't promote blogs and whatever you do - never efver offend larisa
[10:57] {larisa} sigh
[10:57] {dino} lol ron
[10:58] {dino} visn lod
[11:02] {Les} s spls .89
[11:02] {nemo} we're awash in oil and usl up .40 since
[11:03] {magoo} rimm another leg looks like
[11:03] {strider} MDVN acting like it wants to make amends.
[11:05] {Threei} NLST Ticks higher on speculation a settlement will be reached in a legal dispute with Google
[11:05] {Threei} - reminder: in early Dec 2009, NLST filed suit against Google over patents related to speeding up memory modules.
[11:08] {Les} qid b/d?
[11:08] {Threei} thatwould be a bet on market breakout
[11:10] {Threei} we are at the time of the day when breakouts cease to work for months already
[11:10] {Les} q pivot support .78. if it bounces off that and pushes upwards - yeh
[11:10] {Threei} I prefer to go with trend until it changes
[11:10] {Threei} and trend is - no, no breakout plays at this time of the day
[11:10] {Threei} (GR) Moody's: Austerity measures in Greece bring credibility to fiscal changes
[11:10] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB+). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010
[11:11] {dino} all is well in the world again
[11:11] {Threei} so, moody assigns ratings in order to allow or ban certain operations - not depending on real state of affairs?
[11:12] {Threei} until reality becomes glaringly obvious
[11:12] {dino} on kickbacks too
[11:13] {Threei} ok, whatever you sarcastic types say, my typing is at least back to its usual self - from the rock bottom it hit when I changed keyboard
[11:14] {nemo} wow
[11:14] {Threei} back to my old one, thanks to key stickers that restored faded letters
[11:15] {Threei} my flaming oath is, that was somewhat different size and feel of keys that made me hit two keys at the same time, or miss the right ones
[11:15] {jfjf64} never get rid of good thing
[11:15] {RonS} ...a poll came out and said the average Greek spends $3k/yr on bribes
[11:15] {Threei} that's thrifty
[11:16] {Les} Greece sounds like Thailand
[11:16] {RonS} ...and 30% of the respondents wanted a bribe to respond...
[11:16] {gregns} thoughts on visn? 50/ 50
[11:16] {Threei} lol
[11:16] {Threei} no indications of bounce yet, greg
[11:16] {gregns} ty
[11:16] {dino} yet they all retire at 55, while germans have to support them retire at 65
[11:16] {Threei} let it consolidate for a while, then break .20
[11:17] {dino} visn would like to see 4.80s hit for bounce
[11:18] {Les} 67 in switzerland now. and govt wants to cut back interest guaranteed on 401k savings
[11:18] {dino} going to be 70 here soon, you watch
[11:19] {Threei} I don't care, no one is going to pay me pension anyway
[11:19] {dino} same here 3i
[11:19] {dino} kill or be killed for me
[11:19] {Threei} I'll just die in the middle of the scalp
[11:19] {Les} same here
[11:19] {Les} lol
[11:19] {Les} hopefully we won't be in it with you
[11:19] {jfjf64} lol 3i
[11:20] {Threei} they'll find me thanks to my broker who will get alrmed by non-completed trade
[11:20] {fernp} BMY short, Vad?
[11:20] {jfjf64} hopefully ivan gvs me bk my 299
[11:21] {Threei} probably fern... kind of 52/48
[11:21] {Threei} you really have very faint idea of Ivan's character traits, jf
[11:21] {Threei} one thing no one ever accused him of was giving back anything to anyone
[11:22] {jfjf64} lol
[11:24] {Threei} in fact, I heard trev has instructions on his wall: if vad hasn't closed trade within 5 min after opening it, call the police and ask to check up on him
[11:24] {dino} tm rolling
[11:24] {dino} over
[11:24] {Threei} AET Hearing renewed takeover chatter circulating
[11:24] {Threei} - Wellpoint rumored as a potential acquirer (31.63, +0.60, 1.93%) (related WLP )
[11:25] {Threei} consolidation among insurers?
[11:25] {Threei} totally against common sense
[11:25] {Threei} if anything, they should be applying anti-monopoly regulations to them
[11:25] {dino} visn l .20 stop .09
[11:26] {gregns} good dino, someone else in my boat
[11:26] {Threei} VISN starts looking better
[11:26] {dino} aye aye cap'n
[11:26] {Threei} .20 break may be wor6th a try now
[11:27] {magoo} me three
[11:27] {nemo} oops
[11:27] {Threei} I'd still wait for a break
[11:27] {Threei} it bumps against this resistance for a while
[11:27] {nemo} "wait for the shake" ...wht movie Les?
[11:28] {Les} pulp fiction
[11:28] {Les} ?
[11:29] {nemo} no
[11:29] {nemo} History of the World, Part 1 -Mel Brooks
[11:29] {dino} ugh snda, wanted 38.50 pullback, no fill
[11:29] {fernp} if breaks VISN, stop is below .15 or below .10 Vad?
[11:30] {Les} never heard of it
[11:30] {nemo} your loss
[11:31] {RonS} MS reversal Vad?
[11:31] {Threei} no setup yet...
[11:31] {Threei} if spends some time closer to .50, break will become a play
[11:31] {dino} mkt wants up, gut
[11:32] {Threei} (US) Environmental Protection Agency (EPA) Head: Still Evaluating limits on long term carbon emissions for factories (related CARBX )
[11:32] {Threei} idiolts
[11:32] {fernp} visn stop, vad?
[11:33] {Threei} under .10
[11:33] {fernp} ty
[11:33] {Threei} GR) German Dept Fin Min Asmussen: Tells German lawmakers that aid for Greece is not under discussion
[11:34] {RonS} mkt responding to 1.3725 from overnight low of 1.3592
[11:35] {Threei} see how they try to defend .20?
[11:35] {Threei} that's a dam
[11:35] {Threei} if broken, will flood
[11:37] {nemo} look at .17 now
[11:38] {Threei} well, bid at .15 is no slouch either
[11:38] {nemo} minefield stock
[11:39] {Threei} go off chart in this case
[11:39] {Threei} .10 and .20 your guidelines
[11:40] {dino} fti denies takeover rumor
[11:40] {nemo} while we're waiting
[11:40] {nemo}
[11:41] {Les} only in america
[11:41] {fernp} USA is USA
[11:42] {nemo} inVADidate?
[11:42] {dino} visn stopped
[11:43] {fernp} me too
[11:43] {gregns} dam
[11:44] {nemo} look at the bid at .07
[11:44] {nemo} offer at .10
[11:44] {Les} look at offer .10
[11:44] {nemo} shut up les
[11:44] {dino} vnr
[11:44] {Les} I said it first
[11:44] {nemo} not by the log
[11:45] {nemo} offer at .10 gone
[11:48] {fernp} NTRI valid breakdown, Vad?
[11:49] {Threei} not delighted
[11:49] {fernp} thanks
[11:51] {Les} spls .69 b/d? (been jumping in and out of spls since .89)
[11:53] {Les} MS FITB breakdown. not all finnies equal today
[11:54] {Threei} SPLS is stalled
[11:55] {Les} well you released the curse
[11:55] {nemo} Vad let you out Les?
[11:56] {Threei} no, I gave him earplugs for the siren song
[11:56] {Les} no, vad spoke and spls dropped
[11:56] {RonS} Vad kept me out of MS, thnks
[11:57] {Threei} that was easy
[11:57] {Threei} the only reason for the trade is...
[11:58] {Les} fas b/d coming
06[11:58] * Threei looks around to see who tries to claim a door prize to be determined yet
[11:58] {Les} I'm off for a drink
[11:58] {nemo} like clockwork
[11:58] {Threei} les is out of contest
[11:58] {Threei} anyone?
[12:00] {Threei} wow, you guys are lazier than I am
[12:00] {Threei} and I thought it wasn't possible
[12:01] {RonS} db setup?...still waiting for mailing..
[12:01] {Threei} no, in general,
[12:01] {Threei} what is the only valid reason for a trade?
06[12:02] * Threei slaps whole room with various educational materials
06[12:02] * Threei removes himself to Tibet monastery
[12:02] {Les} if setup is met
[12:02] {Threei} and I thought you left
[12:03] {nemo} hoping he left
[12:03] {Threei} valid setup is the only reason for a trade
[12:03] {Les} kitchen and drink is 4 metres away
[12:03] {Threei} MS didn't have setup at the time,
[12:03] {Threei} no setup - no trade
[12:04] {Threei} Les's prize: he is not going to be slapped on the room entry till... wait for it... drumroll... till the END OF THIS WEEK!
[12:04] {Les} but I wanna be slapped
[12:04] {Les} I'm like Nemo
[12:04] {Threei} sigh
[12:04] {nemo} ?
[12:04] {Threei} Tibet looks better by minute
[12:05] {nemo} going through China or Pakistan?
[12:05] {Les} fas falling. jpm testing 200ma support
[12:06] {Threei} jumping with parachute
[12:07] {ese} lol there vad
[12:07] {nemo} you better bring two
[12:08] {Les} jpm .78 b/d?
[12:08] {Les} .77 b/d. big bid here
[12:08] {Threei} chart is right but it won't work without serious market cooperation
[12:09] {nemo} qs at 200 ma spy .05 mor cents down
[12:09] {Threei} considering amount of bacon and beer I am taking, two is a given nemo
[12:09] {Les} fas just found pivot. lets see
[12:09] {nemo} you mean vwap?
[12:10] {Les} crap sorry was looking at GS
[12:10] {Threei} look at this divergence again:
[12:10] {Threei} Market Internals update at 12:00pmET
[12:10] {Threei} - NYSE volume 355M shares, about 18% below its three-month average; advancers lead decliners by 3.1:1.
[12:10] {Threei} - NASDAQ volume 1.2B shares, about 27% above its three-month average; advancers lead decliners by 1.8:1.
[12:10] {Threei} - VIX index -3.25% to just below 18.50
[12:11] {Les} anything bad about this divergence?
[12:11] {Les} VISN
[12:11] {Threei} no
[12:11] {Threei} just very unusual
[12:11] {nemo} high volume on an up day...strength
[12:11] {nemo} NAS
[12:12] {Threei} I mean between NYSE and NASDAQ nemo
[12:12] {Les} l VISN .21
[12:12] {Threei} either big difference in activity between sectors, or NYSE losing business at alarming rate
[12:12] {dino} visn rinsed
[12:13] {dino} vad, i think we figured it out yesterday
[12:13] {dino} qsii stopped
[12:13] {Threei} coud be, it's just another manifestation of these strange volume phenomena
[12:13] {Threei} we mostly talked about volume discrepancy between red and green days yesterday
[12:14] {Threei} such huge enormity in volume change direction between NYSE and NASDAQ is something else
[12:15] {Threei} NYSE volume about 18% below its three-month average, NASDAQ volume about 27% above its three-month avera
[12:15] {dino} 'i feel it is the same reason, financials vs tech heavy
[12:15] {Threei} probably
[12:15] {Threei} must be connected
[12:17] {Threei} (GR) Moody's places five banks on review for possible downgrade (related EUR/USD SOVRX NBG )
[12:18] {Les} spls
[12:19] {dino} feels lower
[12:20] {RonS} Interesting pattern playing out on JOYG
[12:20] {nemo} cat at 200 ma
[12:21] {dino} mxgl
[12:23] {dino} sm s .80
[12:25] {dino} cov .43, +.37
[12:25] {dino} merger news
[12:28] {dino} raging rino hod
[12:29] {dino} csgp
[12:30] {dino} cf
[12:33] {dino} would like one more push up on csgp for s
[12:34] {Threei} here is what you do when you feel our work is done:
[12:34] {Threei} GM Chairman Lutz plans to retire, effective May 1
[12:34] {nemo} Lutz=klutz=putz
06[12:34] * nemo bored
[12:34] {dino} let me guess, barney frank new chairman
[12:35] {dino} better yet the union boss
[12:36] {dino} am i here?
[12:36] {Les} where is here?
[12:36] {dino} over there
[12:37] {nemo} going existential...
[12:37] {RonS} who's on first?
06[12:37] * nemo slaps RonS around a bit with a large Abbott and Costello recording
[12:38] {RonS} Aaabotttt!!!
[12:38] {Threei} GR) OECD's Gurria: IMF financing for Greece would be legitimate, a mixed EU/IMF package would be an option
[12:38] {Threei} - Does not believe anyone will loose money on Greece.
[12:38] {Threei} - Investors should be encouraged to roll over Greek debt.
[12:38] {Threei} loose?
[12:38] {Threei} sheesh
[12:39] {Threei} even I can spell that
[12:39] {dino} lol
[12:39] {dino} tell us how you really feel gurria
[12:40] {nemo} spls either testing the lows for the day or reay to keel
[12:40] {nemo} ready
[12:40] {Les} I'll take option number 2 for 500 thank alex
[12:41] {ese} Ron fit right in to this board.....keep up the good work and above all else ....insult nemo as much as possible
[12:41] {dino} indeed
[12:42] {Les} well now that's just downright rude
[12:42] {nemo} Let's see...ese at #10, maybe...#8
[12:42] {nemo} pencil? pen?
[12:42] {ese} lol
[12:42] {Les} CY getting interesting
[12:43] {dino} oh man mxgl
[12:43] {nemo} scalper's regret
[12:43] {nemo} spls at day low
[12:43] {dino} yeah
[12:46] {RonS} CY volume smells to me like last accumulation before whomever busts this thing out...thoughts?
[12:46] {Les} visn stopped. going nowhere and 200 ma rapidly dropping from above.
[12:47] {Les} I wanna short CY Ron
[12:47] {Threei} (GR) ECB's Trichet: Greece measures on budget are 'convincing'; welcomed by the ECB (related NBG )
[12:47] {nemo} spls close to dropping
[12:47] {Les} CY is at yesterday's closing for support. below that its a short IMO
[12:48] {Threei} chorus of reassurances on Greece maakes me feel like I must go there urgently if I want to see it...
[12:49] {Les} spls come on dooooooooown
[12:49] {RonS} I show CY short volume at 17.2 mil shrs/4.3 days to cover...11.8% of float. Ergo ripe for squeeze...
[12:50] {Les} huh?
[12:50] {Les} i just go with the setup man
06[12:50] * nemo slaps Les around a bit with a large saw toothed meat cleaver
[12:50] {Les} lets say falling below yesterdays close .11
[12:51] {Les} aggressive s at .10 stop above .16
[12:51] {Les} wanna be sure, I wait for it to bounce back to .11, respect resistance and it drops again
[12:51] {larisa} whats agressive about it ? :)
[12:52] {dino} 3i reminds me of bear/lehman, no cause for concern, no capital needed
[12:52] {Les} yer right larisa, but i won't be presumptuous with others trading strategies :)
[12:52] {larisa} :)
[12:52] {nemo} fad fcx bounce play here .95 holding 90
[12:52] {nemo} ?
[12:53] {nemo} in range and at 200 ma
[12:53] {Les} think you were right
[12:53] {RonS} ...getting used to the shortened time frames here. I have always operated with a WWGD (what would Goldman do) fear.
[12:53] {nemo} this is bottom of range, volume coming in
[12:54] {Les} Ron, is it Ron Sen?
[12:54] {nemo} OMG!!!!
[12:54] {nemo} thought they made lighters
[12:54] {dino} ron jeremy
[12:54] {nemo} surfin' with magoo again
[12:54] {RonS} lol
[12:55] {nemo} so he quits
[12:55] {Les} ?
[12:55] {nemo} magoo
[12:55] {dino} or ron jon surfer dude
[12:55] {Les} am I surrounded by crazy people?
[12:55] {dino} ctct
[12:55] {nemo} pot talking to the kettle again
[12:55] {Les} just sticking the knife once more
[12:55] {nemo} you're not supposed to sit on it
[12:56] {Les} ouch
[12:56] {RonS} ...slapping myself with a trout...
06[12:56] * nemo slaps RonS around a bit with a large trout
06[12:56] * nemo slaps RonS around a bit with a large Charles River Trout
[12:56] {nemo} no such thing actually
[12:57] {RonS} ...just as long as it's not a Ron Jeremy trout...
[12:57] {nemo} He lectured at Emmanuel College last year Ron
[12:58] {RonS} where is that?
[12:58] {nemo} Fenway area
[12:58] {RonS} Fenway?
[12:58] {Les} out spls +.09 while it decides which way it wants to continue
[12:59] {nemo} oh sorry, made an assumption based on Les..that you were someone you're not
[12:59] {nemo} spls showing signs of bottoming action
[13:00] {nemo} or, could be DBI
[13:00] {Les} right, so it's not Ron Sen. just a big coincidence. sorry Ron
[13:01] {nemo} well, he hasn't actually confirmed or denied
[13:02] {Les} Well RonS if its not Ron Sen, a few of us follow the following board as well, which is why I asked if you were Ron Sen
[13:03] {Les}
[13:03] {dino} clw sm l ave .70
[13:04] {RonS} I wondered where i saw that name. Nope, not him. Do not blog Cara, just read...
[13:04] {nemo} is there a chart there
[13:08] {Les} ok. CY dropped below support. bounced with the Q's and might come down again. rather narrow though.
[13:09] {Les} hopefully picking up vol. and pace towards closing.
[13:25] {Threei} US Administration draft on Volcker rule to include language concerning ban of proprietary trading at banking institutions - unconfirmed report
[13:27] {Les} spls reversal?
[13:27] {nemo} maybe
[13:28] {Les} long .42 small shares
[13:30] {Threei} Long Setup: VXX .15
[13:32] {Threei} Fed's Lockart: Observing the Europe situation closely, bailout for Greece may likely include private capital - Q&A
[13:32] {Threei} - notes that the Fed is checking to see whether there will be any signs of contagion from the Europe crisis
[13:33] {Threei} low of this pullback will set a stop for VXX
[13:33] {fernp} MJN .40 break, Vad?
[13:34] {dino} avgo
[13:34] {Threei} I doubt it
[13:34] {fernp} ok
[13:36] {jfjf64} vad 15 break
[13:36] {Threei} stop under .10
[13:39] {dino} sm l arcl .14'
[13:40] {Threei} 1:1 for scalpers
[13:42] {jfjf64} ty buddy
[13:43] {Threei} welcome sir
[13:43] {magoo} what u take/ just .05 cents
[13:43] {jfjf64} 6
[13:44] {Threei} depends on size
[13:44] {Threei} with 5 cents stop you can take bigger shares
[13:44] {jfjf64} 3500 shares
[13:44] {Threei} (US) Preview: Fed Beige Book survey of regional economic activity to be released at 14:00ET
[13:44] {Threei} **expectations are for another mixed report, but could be dampened by the winter storms seen in the first two months of 2010.
[13:45] {magoo} i have 1k, still in
[13:47] {Threei} GR) French Budget Min: Confirms there is no French/German aid plan in the works at the moment
[13:47] {Les} that is scary to watch a stock jump like that - ARCL
[13:48] {Threei} after seeing MDVN something else can scare you?
[13:48] {Les} hyperbole on my part. long arcl .29
[13:49] {Threei} uh oh
[13:49] {Threei} dino
[13:49] {Threei} French Budget Mnr
[13:49] {Threei} Does not believe France faces or will face similar problems as Greece
[13:49] {dino} guess who's on tv
[13:50] {Threei} (US) President Obama; Health Care vote should be determined by simple majority
[13:50] {Threei} told you that bill will be shoved down your throat
[13:51] {Threei} situation will become worse if we do nothing
[13:51] {Threei} - rejects Republican calls to start over
[13:51] {Threei} - requests Congress set a date for vote on Health Care reform next week
[13:51] {dino} hsa's are the only way to control this heath mess
[13:52] {Threei} so how long before France says oops?
[13:53] {Les} what, the french admit a mistake? good luck there
[13:53] {strider} MDVN
[13:53] {Threei} - notes that the reform in healthcare will cost $100B and originate from the $2T the US spends
[13:53] {Threei} 100B?
[13:56] {Threei} ILI Report Genetic Test Improves Weight Loss Success With Diets
[13:57] {Threei} hmm
[13:57] {larisa} if you diet you loose weight they mean?
[13:57] {Threei} 1.50 is interesting zone to break on daily
[13:57] {dino} and if you eat less you do too
[13:57] {Threei} - Clinical Data Presented Today at the American Heart Association Meeting by Stanford Researchers Show Statistically Significant Improvements in Weight Loss and Metabolic Parameters when Diets are Compatible with an Individual's Genotype
[13:57] {Threei} - Individuals on genotype-appropriate diets lost 5.3 percent of body weight compared to individuals on diets not matched to their genotype, who experienced only 2.3 percent weight loss (p=0.005);
[13:57] {Threei} The weight loss differences were even stronger when considering the individuals who were trying to follow the lowest carbohydrate (Atkins) and the lowest fat (Ornish) diets: 6.8% weight loss for those whose genotype matched the diet they were following vs. 1.4% for those not matched to their genotype (p=0.03);
[13:57] {Threei} The statistical significance of the findings increased when taking into account the actual diet habits reported by study participants (rather than just the specific diet they were asked to follow);
[13:57] {Threei} Improvements in clinical measures related to weight loss (e.g., blood triglyceride levels) paralleled the weight loss differences
[13:57] {larisa} why did I ask :)
[13:58] {dino} somebody had to
[13:58] {Threei} lol
[14:02] {Threei} beige book is long, but actually sounds not too bad
[14:03] {magoo} man, there goes rimm
[14:08] {dino} tear down that hod rino
[14:15] {jfjf64} sellin
[14:16] {jfjf64} vxx
[14:16] {jfjf64} .20 vad
[14:16] {Threei} if market repeats yesterday and breaks down
[14:18] {jfjf64} lks lk nother leg dn coming fill gap
[14:22] {jfjf64} hmm
[14:24] {dino} snda
[14:26] {Threei} mags... VXX finally works for you
[14:26] {dino} all red
[14:26] {dino} he left
[14:27] {Threei} just when his stock moves?
[14:27] {Threei} what kind of timing is that
[14:27] {Les} spls crapped itself and I was at dinner.... bounce time here maybe
[14:27] {dino} who is magoo?
[14:27] {Threei} lol
[14:28] {dino} you got that
[14:28] {dino} snda sm l .40
[14:28] {Threei}
[14:31] {nemo} you have magoo and deer also
[14:40] {dino} you get spls les?
[14:40] {Les} bit of the bounce yes. underestimated it though
[14:40] {Les} full on reversal that is
[14:41] {Les} gotta learn to protect profits a bit better
[14:42] {Les} CY crashing
[14:45] {nemo} markets repeating yesteray
[14:45] {nemo} yesterday
[14:46] {jfjf64} vxx
[14:46] {jfjf64} guess we sellin boys
[14:47] {Threei} we sure are
[14:47] {nemo} Les...this one should be easy...."Meat is back on the menu boys."
[14:47] {Les} LOTR 2
[14:48] {Les} and this one:
[14:48] {nemo} o.k. now..."Soylent Green is people"
[14:48] {Les} dunno
[14:48] {nemo} Soylent Green starring Charleton Heston and Edward G. Robinson (his last movie)
[14:49] {Les} It is I, his chronicler, who knows his story well. Now let me tell you of the days of high adventure
[14:49] {nemo} Having brain fart...I know this one
[14:50] {Les} don't be googling it
[14:50] {nemo} if I were doing that I'd have the answer already
[14:51] {Les} bucy
[14:51] {nemo} never saw that one
[14:51] {Les} BUCY
[14:51] {nemo} looks like fcxy
[14:51] {nemo} fcx
[14:52] {Les} c'mon dino, he's american royalty now
[14:53] {ese} .
[14:54] {dino} huh?
[14:54] {nemo} Ohhhhh...Les...same movie as "What is the definition of good?"
[14:54] {Les} no idea?
[14:54] {dino} "i know let's have a spelling bee"
[14:54] {jfjf64} da bounce
[14:55] {nemo} To see your enemies driven before you (forgot the 2nd part) and to here the lamentation of their women"
[14:55] {Les} no dino
[14:55] {Threei} this is what FDA is busy with:
[14:55] {Les} sounds familiar
[14:55] {dino} tombstone
[14:55] {Threei} Diamond Foods, Inc. Plans to send FDA response to earlier warning letter within 15 working days, notes FDA did not ask for products to be removed
[14:55] {Threei} ***Reminder: On 3/3 the FDA disclosed it sent Diamond Foods a warning letter for misleading claims dated 2/22. In it, the FDA stated it had reviewed the label for "Diamond of California Shelled Walnuts" products and website at Based on review, FDA concluded that walnut products are in violation of the Federal Food, Drug, and Cosmetic Act (the Act) and the applicable regulations in Title 21, Code of Federal Regulations
[14:55] {nemo} o.k. spell "omphaloskepsis"
[14:55] {nemo} No Conan
[14:55] {Threei} Shelled Walnuts
[14:55] {nemo} The little chinese guy at the beginning of the movie, the shaman said your quote les
[14:56] {Les} y
[14:58] {dino} back in 10
[14:59] {nemo} I could here the music in my head Les...took me afew
[14:59] {Les} I have great admiration for the man, despite denigrations made about his politics
[15:02] {nemo} the guy strives for excellence always has
[15:03] {Threei} CRIS Hearing Rodman & Renshaw raises price target to $6 from $3 (timing uncertain) (3.29, +0.22, 7.17%)
[15:08] {Threei} dino, you are going to love it
[15:08] {Threei} running line at the bottom of the screen, CNN, giving some twitter responses, says:
[15:09] {Threei} Atlas Shrugged is coming, more and more poor, less and less working. Signed: JohnGalt
[15:09] {dino} lol
[15:09] {Les} I've gotta read this book. got me curious now
[15:10] {dino} you must if you wish to stay in this room
[15:10] {nemo} you must also read The Fountainhead and Anthem
[15:11] {Les} unfortunately list of texts for this semester's uni is ridiculously long. I am busy until June.
[15:12] {nemo} for what are you going?
[15:12] {Les} le Carre's spy who came in from cold, Dr NO, Carrie, sherlock holmes, blade runner, dracula and 1 aussie novel
[15:13] {nemo} oh thought you were going to school
[15:13] {Les} am. English literature. Bachelor
[15:13] {nemo} ahhh
[15:13] {Les} this semester. popular literature
[15:17] {magoo} vad..we in anything?
[15:17] {nemo} coma
[15:17] {Threei} ot right now
[15:17] {nemo} nice typing
[15:17] {Threei} but your VXX worked like charm
[15:18] {magoo} y7ea..out iof thayt
[15:18] {nemo} ?
[15:18] {Threei} I sent him my former keyoard nemo
[15:19] {nemo} ahhh
[15:19] {Threei} now he types on that
[15:19] {magoo} i was doing so well too
[15:19] {nemo} yeah, the russian stick on letters must screw him up
[15:19] {jfjf64} hey 3i ya woke up
[15:19] {Threei} OXGN Strength attributed to promising results reported in animal model of OXGN's vascular disrupting agent OXi4503 (1.37, +0.15, 12.30%)
[15:19] {Threei} no jf
[15:19] {Threei} I never do that
[15:20] {Les}
[15:20] {Les} govt's getting scared
[15:20] {Les} dangerour
[15:20] {Les} dangerous
[15:20] {Les} or both
[15:21] {Les} or what these traders are doing is illegal?
[15:21] {Threei} euro is toast
[15:21] {Threei} has been from he getgo
[15:22] {fernp} Good evening everybody. See you all tomorrow
[15:22] {Les} ciao
[15:22] {Threei} take care fern
[15:22] {jfjf64} later
[15:23] {dino} cya
[15:28] {Les} slw .55 b/d for type 1?
[15:28] {Les} pm's are breaking down
[15:29] {Les} forget it
[15:32] {nemo} quite the range trade mdvn was all day
[15:33] {Threei} interesting thingh about these patterns over last few months is,
[15:33] {Threei} once established, they tend to stay with us for a good while.
[15:33] {Threei} So, in light of that, if we have close chart tomorrow, let's try and capitalize on coming eod drop
[15:34] {Threei} we did a little, on VXX, but not to the extend it was capable of
[15:34] {Threei} this is second day of the pattern
[15:34] {nemo} oops LASER crashed
[15:34] {Threei} not here
[15:34] {nemo} frickin' Trevor
[15:34] {larisa} fine here too
[15:34] {nemo} I'm sure it's Vista related
[15:35] {Threei} ewww
[15:35] {Threei} vista
[15:35] {Threei} Market Internals update at 3:30pmET
[15:35] {Threei} - NYSE volume 685M shares, about 15% below its three-month average; advancers lead decliners by 1.2:1.
[15:35] {Threei} - NASDAQ volume 2.17B shares, about 22% above its three-month average; advancers lead decliners by 1.1:1.
[15:35] {Threei} - VIX index +0.25% to just over 19.00
[15:36] {nemo} wow did it again
[15:41] {Threei} interesting enough AET and others do not react on all this healthcare hoopla
[15:43] {Les} got taken out of ARCL flat. frustrating experience that was
[15:43] {Threei} same narrow range as yesterday
[15:47] {Threei} 6 SP points?
[15:47] {Threei} 3 out of 4 is satisfactory for me in this range
[15:51] {ese} ya well ya know.....i'm outta here still with a position in seed....catch you all tomorrow
[15:51] {Threei} take care ese
[15:51] {ese} see ya vad
[15:51] {billyc} see you guys
[15:51] {Les} ciao
[15:52] {Threei} okay guys, no more trades
[15:52] {magoo} ok..ty
[15:52] {Threei} thank you all, have a good evening
[15:52] {Threei} see you tomorrow
[15:52] {Les} thanks ciao
[15:52] {larisa} bye all :)
[15:54] {dino} cutting snda around flat, swm too
[15:55] {dino} arcl out .52, +.38
[16:00] {dino} .55 snda
[16:01] {dino} funny, ndx, s/p closed at 1851 and 1118 yesterday too

Labels: , , , , ,

Tuesday, March 2, 2010

Mar 02 2010

Nice first half of the day, mostly dead afternoon - just another day in the office. SQNM, AIG, SEED, SPLS were among notable movers.

Session Time: Tue Mar 02 00:00:00 2010

[07:19] {_jfjf64} mornin
[07:37] {Threei} CRAY Custom Engineering Group to Work With Microsoft Research on Cloud Computing
[07:37] {Threei} CRAY today announced its custom engineering group will work with Microsoft Research to explore and prototype a system that could provide a glimpse into the future of cloud computing infrastructure. The initiative represents the custom engineering group's first breakthrough into the commercial market.
[07:37] {Threei} - The objective of the technology development initiative is to design a supercomputing architecture that dramatically lowers the total cost of ownership for cloud computing data centers. Cray's custom engineering group will design a system infrastructure that combines super efficient power delivery, high-density packaging and innovative cooling technologies. This solution is intended to significantly reduce facility, power and hardware costs.
[08:16] {Threei} Dendreon Corp Hearing Favus Institutional Research making cautious comments (timing uncertain)
[08:16] {Threei} - Note: DNDN management will present at the 12th Annual BIO CEO and Investor Conference in New York City on Tuesday, February 9, 2010 at 2:00 p.m. E.T.
[08:30] {Threei} GR) Greek govt spokesman: Greece to announce austerity measures tomorrow
[08:30] {Threei} finally.. suspense is killing me
[08:30] {nemo} sounds like a vaseline shortage coming
[08:45] {Threei} Tuesday, March 02, 2010 8:44:46 AM
[08:45] {Threei} Preview: Feb US Vehicle Sales numbers expected throughout the day from major auto makers
[08:45] {Threei} **consensus estimates y/y:
[08:45] {Threei} - Ford (Noon ET): +33%
[08:45] {Threei} - GM (09:45ET): +20%
[08:45] {Threei} - Chrysler: -18%
[08:45] {Threei} - Toyota: -10%
[08:45] {Threei} - Honda: +24%
[08:45] {Threei} - Nissan: +38%
[08:45] {Threei} {--- proud to contribute to Nissan's success
[08:54] {Threei} DNDN Hearing Deutsche Bank making positive comments (timing uncertain) (32.51, 0.00, 0.00%)
[08:58] {dino} gm all
[08:59] {Threei} dino :)
[09:01] {Les} hi dino, vad
[09:01] {Threei} les :)
[09:01] {nemo} haroo
[09:01] {_jfjf64} mornin my trading family
[09:02] {Les} hi mom
[09:02] {Threei} jf :)
[09:02] {nemo} mmmhhhh...shall we call Les Oed
[09:02] {_jfjf64} les is funny guy
[09:02] {_jfjf64} lol
[09:03] {Les} Nemo brings the worst out of me jf
[09:03] {nemo}'s my fault
[09:03] {nemo} my ex said it was my fault she gained weight...go figure
[09:03] {Threei} nemo does that to people
[09:04] {Threei} I distinctly rwemember the boat where he brought the alcoholic out of me
[09:04] {nemo} actually I'm very good at helping people's souls transition to their next incarnation
[09:04] {Raven} cough
[09:04] {Threei} lol
[09:05] {fernp} Good morning everybody
[09:05] {Threei} fern :)
[09:06] {billyc} gm all
[09:06] {Threei} billy :)
[09:06] {billyc} vad
[09:07] {Threei} DNDN's active and volatile this morning
[09:09] {ese} good morning
[09:09] {Threei} ese :)
[09:09] {billyc} ese
[09:09] {Les} ese, billy
[09:10] {Les} fern
[09:10] {billyc} les
[09:10] {Les} and even a good morning to Raven, who is always as quiet as a ....
[09:10] {Les} Raven?
[09:11] {ese} les...billy
[09:11] {Les} a mouse?
[09:11] {Les} a serious trader? (unlike myself)
[09:12] {Les} I'll shut up now
[09:12] {nemo} that should last about 30 seconds
[09:13] {Raven} mourn to you Les
[09:13] {Les} morning, or mourning?
[09:13] {Raven} yes
[09:13] {nemo} wow, lasted 1 minute
[09:14] {billyc} lol
[09:14] {Threei} improved self-control, ya know
[09:14] {nemo} better than me
[09:15] {Threei} SQNM Cantor Fitzgerald Raised SQNM to Buy from Hold, price target: $16
[09:15] {Threei} wow
[09:15] {Threei} sweet target
[09:16] {ese} ya.....but can it get there
[09:17] {Threei} no but can be scalped on the way
[09:19] {ese} indeed
[09:20] {larisa} gm :)
[09:20] {Threei} larisa :)
[09:21] {larisa} vad :)
[09:22] {Les} hi larisa. SQNM going for gold...
[09:23] {larisa} les :)
[09:24] {lasertrev} morning
[09:24] {Threei} trev :)
[09:25] {ese} laris LT
[09:25] {billyc} trevor larisa
[09:25] {lasertrev} hi:)
[09:27] {ese} what do you make of dndn this morning vad
[09:28] {ese} was thinkin .60 break but it's far exceeded that
[09:28] {Threei} will be a widowmaker
[09:28] {ese} gotcha
[09:28] {Threei} presentation on March 9,
[09:28] {nemo} mon popping
[09:28] {Threei} one downgrade and one upgrade
[09:29] {ese} thats the term they used for russian sailors who were on submarines wasn't it?
[09:29] {ese} widow maker
[09:29] {Les} .75 break on sqnm?
[09:29] {Threei} I'd prefer pullback, but who knows, hot thing
[09:32] {Threei} pullback is coming
[09:32] {Threei} let's see if we get 7.70 or so
[09:32] {Threei} ideally would be entry near .70 with stop under .60
[09:33] {Threei} keep half lot ready
[09:33] {Threei} will be awfully fast when bottoming
[09:33] {nemo} MAGS!
[09:34] {magoo} HEY
06[09:34] * Threei slaps magoo around a bit with a large "WHERE HAVE YOU BEEN!" banner
[09:34] {magoo} i needed a break, but im back now
[09:34] {Threei} finally
[09:34] {magoo} first break since i joined
[09:34] {Les} no more snow to shovel?
[09:35] {Threei} get ready guys
[09:35] {Threei} here comes last leg of pullback
[09:35] {Threei} fast players only
[09:35] {magoo} which one?
[09:35] {Threei} SQNM
[09:35] {nemo} sqnm
[09:35] {magoo} ty
[09:36] {Threei} not yet
[09:36] {Threei} AIG btw
[09:37] {magoo} yea
[09:37] {Threei} keep half lot ready as well
[09:37] {Threei} not ready either, just ruined double bottom setup
[09:37] {Threei} well, SQNM
[09:38] {Threei} .90 break...
[09:38] {Threei} less athusiastic about it
[09:38] {Threei} would still prefer deeper pullback
[09:38] {Threei} but if holding .80 and breaks .90, valid play
[09:39] {Threei} 1:1
[09:39] {_jfjf64} ty
[09:39] {Threei} yw
[09:39] {fernp} ty Vad
[09:39] {Threei} just a scalp
[09:39] {billyc} thanks
[09:39] {Threei} not enough pullback for me to risk for more
[09:39] {magoo} ty vad
[09:40] {magoo} 03 out
[09:40] {Les} aig
[09:40] {magoo} ES:)
[09:40] {Threei} welcome sir - consider it my greeting for you
[09:40] {Threei} crap, missed AIG
[09:40] {magoo} you know i want much more right lol
[09:40] {Threei} but of course
[09:40] {magoo} some things do NOT change
[09:40] {Threei} but let's start slowly
[09:40] {dino} gj
[09:40] {magoo} watching AIG
[09:41] {Threei} was thinking of AIG .30 break, and couldn't decide
[09:41] {_jfjf64} magoo ya bring out best in vad
[09:41] {Threei} lol
[09:41] {Threei} ok, SQNM tries to turn into serious momo
[09:41] {Threei} let's try for entry un pullback under .10
[09:41] {Threei} as close to 8 as possible
[09:42] {Threei} AIG, entry around .35
[09:42] {Threei} half lot!
[09:42] {Threei} don't go xcrazy on size, these moves can be a killer
[09:43] {_jfjf64} ba
[09:44] {Threei} wow... SQNM not letting us in
[09:44] {nemo} aig has support at .45 too
[09:45] {Threei} I seriously hate to chase this kind
[09:45] {nemo} what sqnm?
[09:45] {Threei} they tend to reverse on you just when you give up on wasiting for pullback and hit buy
[09:45] {nemo} then let's find something else
[09:45] {Threei} AUG is getting there
[09:46] {Threei} General Motors Corp Reports Feb US Vehicle Sales +32% v +20%e; to 138K units
[09:46] {Threei} OK, AIG, first strength
[09:46] {Threei} stop under .20
[09:46] {Threei} in .33
[09:46] {nemo} oops
[09:48] {Threei} half lot, about 15 cents risk
[09:48] {magoo} in .29
[09:48] {Threei} looks good for try
[09:48] {Threei} if double bottom scenario works, should be fine for .60 at least
[09:48] {dino} rino
[09:49] {Threei} stopped
[09:49] {nemo} if aig loses low look for it to bounce at .10
[09:50] {Threei} I think lower nemo
[09:50] {nemo} i said bounce...could be on the way down the cliff though
[09:50] {Threei} SEED?
[09:51] {magoo} stop
[09:51] {Threei} no news that I see
[09:51] {ese} dino what do you think of spls
[09:52] {dino} on screen
[09:52] {dino} would like close to db on it
[09:52] {Threei} come on already SQNM
[09:53] {ese} tks
[09:54] {ese} mrkt slowly loosing life.......
[09:55] {dino} snda sm l .10
[09:56] {ese} nice dino
[09:57] {billyc} gj
[09:57] {dino} so far
[09:57] {dino} feels like yesterday
[09:57] {strider} long TM .07
[09:57] {Threei} Long Setup: ENER on pullback under .40
[09:57] {strider} long KO .35
[09:57] {Threei} stop under .35
[09:59] {magoo} SNDA nice dino
[09:59] {magoo} ou6t .54
[09:59] {dino} ty
[09:59] {Threei} wtg
[09:59] {Threei} AIG serious hit
[10:00] {dino} stop is .50
[10:00] {Threei} SEED again...
[10:01] {magoo} [09:42] {&Threei} AIG, entry around .35
[10:01] {magoo} [09:42] {&Threei} half lot!
[10:01] {magoo} [09:42] {&Threei} don't go xcrazy on size, these moves can be a killer
[10:01] {nemo} sqnm forming bull flag?
[10:01] {magoo} great example vad
[10:01] {Threei} oh yeah, you don't control risk on these ones, you are dead
[10:01] {dino} out +.42
[10:02] {Threei} I doubt it nemo
[10:02] {Threei} it's a momo mover
[10:02] {Threei} if it loses mojo, it's dead
[10:02] {ese} L qqqq .70
[10:02] {Threei} it needs nice pullback to reignite the passion
[10:04] {ese} stop .65
[10:05] {Threei} Long Setup: AIG .70 half lot
[10:05] {nemo} I've got a support line on aig at .50 for some reason
[10:06] {magoo} in
[10:06] {dino} spls es
[10:06] {Threei} DNDN FDA Spokesperson: DNDN is not expected to face FDA advisory panel
[10:06] {Threei} *** (31.95, -0.56, -1.72%)
[10:06] {Threei} hmm?
[10:07] {Threei} pre-approved??
[10:07] {Threei} feel free to take profit on AIG
[10:08] {Threei} 1:1
[10:08] {dino} cacc, thinny, wide
[10:08] {Threei} DNDN will eat shorts for breakfast now
[10:08] {ese} nice one boys....just wasn't fast enough
[10:08] {Threei} mags in fine shape despite sabbatical
[10:09] {Threei} if he gets this kind of lighteningly fast entries
[10:09] {ese} tks dino
[10:09] {Threei} can't call DNDN guys, this is not technical move at all
[10:09] {ese} thoughts?
[10:10] {Threei} pure momo
[10:10] {ese} spls
[10:10] {nemo} sqnm coming into support
[10:10] {Threei} here is full text, see if you can make sense of it:
[10:10] {Les} in dndn .51 out .80 ty vad
[10:10] {Threei} Dendreon Corp Reportedly FDA comments that DNDN will not have to go before another FDA advisory panel for Provenge; confirms FDA PDUFA action date is May 1
[10:10] {Threei} ***Note: Earlier today there was an analyst note that suggested that investors should sell DNDN.
[10:10] {dino} spls l .05
[10:10] {Threei} FDA PDUFA action date is May 1 _ I don't know what that means
[10:11] {dino} syke
[10:11] {dino} ntri
[10:11] {Threei} analyst that suggested sell this morning will spend next couple weeks in a godhouse I suppose
[10:11] {dino} ioc
[10:11] {nemo} ioc
[10:12] {Threei} SQNM slid where I wanted it to, but is too slow still... not ready for bounce
[10:12] {Threei} umm
[10:12] {nemo} helluva' stop on ioc
[10:12] {Threei} godhouse = doghouse
[10:12] {nemo} outhouse
[10:12] {Threei} lol
[10:12] {Les} ah. that sounds better
[10:12] {dino} huh? ioc, not in, watching
[10:12] {magoo} out aig .91
[10:12] {magoo} ty
[10:13] {nemo} understand, helluva stop on it where it is
[10:13] {Threei} welcome... don't oversit them mags
[10:13] {dino} ok
[10:13] {Threei} Fed's Hoenig: Reaffirms Fed should not guarantee markets an 'extended period' of low rates; longer rates 'will take care of themselves' - CNBC interview
[10:13] {Threei} - feels that the Fed cannot go to 1% interest rate without causing issues, but believes the economby is strong enought to digest a 1% fed funds rate when it gets there
[10:13] {Threei} - expecting growth at slightly more than 3%, which should help employment; Fed must become prepared to raise rates as "1% is not tight"
[10:13] {Threei} - Note: At the last meeting Hoenig dissented, seeking removal of 'extended period' language
[10:13] {dino} tighten spls to .99
[10:13] {dino} mt drop
[10:14] {nemo} big volume just came into ioc
[10:14] {dino} snda hitting yesterdays lod
[10:14] {Threei} ENER, a little more...
[10:14] {Threei} this is scalp type I play
[10:15] {Threei} ese's kind
[10:16] {larisa} should not type 1 have volume? or ese willl easy double the volume :)
[10:16] {ese} tks vad....just noticed...what are you thinkin
[10:16] {nemo} ioc just bolted
[10:16] {Threei} .35 support to placew stop under it, ese,
[10:17] {Threei} want long between .35 and .40, wherevr iot strengthens,
[10:17] {Threei} with exit around .45
[10:17] {Threei} lol larisa
[10:18] {Threei} it has a lot of liquidity
[10:18] {Threei} VXX,
[10:18] {Threei} watch for long entry around .40
[10:18] {nemo} wow, ioc buck in 3 minutes
[10:19] {Threei} udeally .35 even
[10:19] {dino} ntri l .25
[10:19] {Threei} SQNM played out from under .10
[10:19] {Threei} I didn't have enough conviction for a call
[10:20] {nemo} bounced right of 50 ma
[10:20] {dino} out ntri .42, +.17
[10:21] {dino} nemo, what the f# ioc?
[10:21] {nemo} yeah, gave no warning, just popped
[10:21] {dino} stopped spls -.06
[10:22] {nemo} ntri
[10:22] {nemo} sorry
[10:23] {Threei} SEED... what the deuce?
[10:23] {Threei} anyone see any news?
[10:23] {dino} stewie
[10:23] {Threei} this one doesn't really move without news normally
[10:23] {fernp} not news here, vad
[10:24] {Threei} AIG Fitch affirms BBB ratings on AIG, outlook developing; AIA placed on watch postiive (24.71, -1.07, -4.15%)
[10:28] {dino} thin sm l swm .86
[10:29] {Les} SPLS approaching lod
[10:29] {dino} db or death?
[10:29] {Les} waiting with bated breath
[10:30] {Threei} I'd label it as possible multiple try,
[10:30] {dino} spls l .88
[10:30] {Threei} .90 break with stop under .80 first attemot
[10:31] {_jfjf64} ???
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 205M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.
[10:31] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.5:1.
[10:31] {Threei} - VIX index -0.75% to just over 19.00
[10:31] {Threei} jf?
[10:31] {dino} naz vol lately
[10:31] {Threei} Long Setup: SPLS .90 break if stays under .80, and be ready for multiple tries; don't touch it if you aren't
[10:32] {_jfjf64} ty
[10:32] {Threei} this way is easier? :)
[10:33] {dino} you just did not explain it obama
[10:33] {dino} :)
[10:33] {Threei} lol
[10:33] {Threei} meanie
[10:34] {dino} indeed
[10:34] {Les} snda
[10:35] {nemo} Long Setup: SPLS .90 break if stays under .80,
[10:35] {nemo} ???
[10:35] {nemo} you mean above .80 right?
[10:36] {dino} tough crowd today
[10:36] {Les} nemo is bored I think
[10:36] {Threei} sigh
[10:36] {nemo} no..not making any assumptions
[10:36] {Threei} yes
06[10:36] * magoo slaps nemo around a bit with a large trout
[10:36] {magoo} been awhile
06[10:36] * nemo bliss
[10:36] {dino} ntri bummer
[10:36] {Les} haha taste of your own medicine
[10:36] {magoo} felt good
[10:36] {Threei} lol
[10:36] {nemo} shut up les...Magoo's been trouting me for awhile
[10:37] {dino} swm going upstream
[10:37] {Threei} get a room you two
[10:37] {Les} I'm rooting for him cause I can't trout you
[10:39] {magoo} these two been bickering while i was away vad?
[10:39] {nemo} nah
[10:39] {Les} Nemo was lonely without you Mags
[10:39] {nemo} Les sticks his chin out...I whack it
[10:40] {dino} snda sm l .65
[10:41] {Threei} I don't know if bickering is right word mags...
[10:41] {Les} not sure if sqnm wants to bounce here
[10:41] {Threei} it's a kind of thing that ends either in murder or marriage
[10:42] {nemo} I prefer the former
[10:42] {Threei} don't you always
[10:42] {nemo} consistency
[10:42] {Threei} HIG Hearing strength attributed to renewed takeover chatter
[10:42] {Threei} - Rumors again mention that Allianz is interested party (25.12, +0.31, 1.25%)
[10:42] {magoo} in snda
[10:42] {ese} L seed .50
[10:43] {magoo} with dino
[10:44] {Les} ATHN
[10:44] {Threei} ese... look at ENER
[10:44] {Threei} did we miss it by just one cent?
[10:44] {dino} stop on snda is .43
[10:46] {Les} ooh yeh sqnm bounced
[10:46] {Threei} Long Setup: AIG .95
[10:46] {dino} rino animal
[10:46] {magoo} here goes snda
[10:47] {ese} yes we did.....nice move ever
[10:47] {ese} ener
[10:47] {Threei} AIG invalidated
[10:48] {magoo} aig might be worth shot near .50
[10:48] {Les} sqnm has gone momo again
[10:48] {Threei} yeah, fire's rekindled
[10:50] {nemo} spls respecting the trend line
[10:50] {magoo} waiting snda .94
[10:50] {dino} swm stuck to .79
[10:50] {Threei} SQNM is officially momo
[10:51] {Threei} can't read it by technicals
[10:51] {Les} thanks dino for snda. out +.15
[10:52] {Threei} SPLS looks ready for bigger move now
[10:52] {nemo} volume strating to come in
[10:52] {Threei} 1:1
[10:52] {dino} spl(at)s moving
[10:53] {Threei} half out for me here
[10:53] {Threei} +.14
[10:53] {dino} stop to .99
[10:53] {Threei} .89 for me :)
[10:53] {_jfjf64} nice ty
[10:53] {billyc} gj
[10:53] {Threei} welcome
[10:54] {dino} to .05
[10:54] {ese} somebody give seed a hoof with a steel toed boot
[10:54] {Les} out spls. another good day. dino's example helping me to tighten up the play on his setups
[10:54] {dino} out +.17 spls
[10:54] {dino} happy to help
[10:55] {Les} yesterday contrary. buying at top and selling at bottom
[10:55] {dino} i am just a stingy bas#rd
[10:55] {Les} stingy and lucky are good
[10:55] {ese} inglorius not doubt
[10:55] {_jfjf64} piss off les
[10:56] {dino} snda troubles me tighten to .49
[10:56] {Les} hehe
[10:56] {_jfjf64} lol
[10:56] {Threei} you inspire us to become stingier and bastardier dino
[10:56] {_jfjf64} pcx .15 break
[10:56] {dino} infamous i've been called
[10:56] {Les} you still got your head in those Mediterranean skirts jf?
[10:56] {_jfjf64} easy
[10:57] {Les} ooops clouds I meant
[10:57] {dino} lol
[10:57] {_jfjf64} vad ya lk pcx
[10:57] {Threei} chart I like
[10:57] {Threei} what I don;'t like is time of the day,
[10:57] {_jfjf64} 5min
[10:57] {Threei} this is about whn breakout cease to work lately
[10:58] {ese} I want seed to have one of dem dare 4 dalla up type days
[10:58] {nemo} so, that means they'll start working :)
06[10:59] * nemo slaps strider around a bit with a large set of harley saddle bags
[10:59] {dino} fade the faders fade huh
[11:00] {nemo} african swallow, or european?
[11:00] {_jfjf64} pcx
[11:01] {_jfjf64} 1/1
[11:01] {billyc} gj jf
[11:01] {Les} nice one. missed the .15 break i wanted
[11:01] {nemo} How's it feel to want?
[11:01] {_jfjf64} went in .14
[11:02] {Les} I just go and drink a beer and its forgotten nemo
[11:02] {nemo} nice
[11:02] {_jfjf64} les im beginning to lk ya
[11:02] {_jfjf64} nemo piss off
[11:02] {nemo} hehehe
[11:02] {_jfjf64} lol
[11:03] {dino} lol
[11:03] {Les} I can see the Bahamas beer party already. somewhere down the road...
[11:03] {_jfjf64} dinooooooooooooo
[11:03] {nemo} amzn riding support
[11:03] {Threei} just tell me when you all are going to Bahamas
[11:04] {Les} no
[11:04] {nemo} here comes the punch line
[11:04] {Threei} so I make sure to go to Alaska that week
[11:04] {billyc} i live 30 mintues from there
[11:04] {nemo} ese...rim shot
[11:04] {nemo} alaska billy?
[11:04] {magoo} and vad are heading north
[11:04] {billyc} too cold
[11:04] {dino} stop snda -.16
[11:04] {magoo} out
[11:04] {ese} ba dap bap!
[11:04] {nemo} I'll send my evil twin
[11:04] {nemo} ty ese
[11:05] {Threei} and you haven't attended our Freeport seminar Billy...
[11:05] {ese} rim shot a little late ....better late than never
[11:05] {nemo} mmmhhh...fcx setting up short?
[11:05] {billyc} i will next time
[11:06] {Threei} PCX explosion
[11:06] {dino} maybe me too
[11:06] {Threei} nice find jf
[11:06] {_jfjf64} thats what i do
[11:06] {Threei} slideshow of this last one is still in the making...
[11:07] {Threei} previous one is at
[11:07] {nemo} that's back when my hair was short...
[11:07] {Threei} look it and tell me isn't it fun
[11:07] {nemo} bill does 1st class
[11:07] {Threei} tax deductible funm too
[11:09] {Threei} SEED woprks for you ese
[11:10] {Threei} lol... look at SPLS 1 min and compare spike tming qwith:
[11:10] {Threei} [10:52] {Threei} SPLS looks ready for bigger move now
[11:11] {dino} gj jf pcx
[11:11] {ese} out 1/2 seed .92 +.42 balance to break even
[11:11] {Threei} wtg
[11:11] {dino} wtg
[11:11] {dino} puk l .50
[11:12] {Threei} OK
[11:12] {Threei} let's try to find VXX entry
[11:12] {dino} higher low spls
[11:12] {ese} nahhhh for get it balance out .94 +.44
[11:12] {Threei} why not
[11:13] {ese} 12k of seed makes for a nice day
[11:13] {Threei} 45 cents is nothing to sneeze at
[11:13] {ese} nope
[11:13] {Threei} and at 12K lot it's nothing to even squint at
[11:13] {ese} indeed
[11:14] {dino} then i correct my wtg to wtfg
[11:14] {Threei} if I weren't that stingy and called ENER at .41, you'd take about 39K there, and pretty much feel set for the next two-three hours, expenses wise
[11:14] {ese} i'll take that wtfg
06[11:15] * magoo slaps ese around a bit with a large trout
[11:16] {ese} agady agady......
[11:16] {Threei} ese speaks martian...
[11:16] {ese} seed comes dn just as hard as it goes up
[11:17] {Threei} Long Setup: VXX .35 break
[11:17] {ese} thats from bugs bunny when one of the characters gets slapped a little
[11:17] {dino} tuck em in bugs
[11:17] {fernp} stop under .28?
[11:18] {Threei} for now, yes
[11:18] {fernp} ty
[11:19] {Threei} wanted to suggest modification and get .30 break, and was too late
[11:20] {Threei} that would be sweet entry, 3 cents stop
[11:21] {nemo} amzn downward wedge
[11:22] {dino} is that like downward dog
[11:23] {nemo} ?
[11:23] {Threei} rofl
[11:24] {ese} Laig .86
[11:25] {ese} out aig .96 +.10
[11:25] {ese} this is how work was meant to be
[11:25] {Les} sqnm possible support here
[11:26] {fernp} stopped VXX
[11:28] {Les} SNDA at 39
[11:28] {dino} watching it, need nemo for support line
[11:29] {Les} pivot support at 38.49
[11:29] {dino} i show 37.20, but thats a ways
[11:30] {dino} spls lod
[11:35] {Les} fcx bounce
[11:36] {dino} going for hod's
[11:36] {Threei} all such breaks in recent weeks failed
[11:37] {Threei} not spectacularly, just stalled... but enough to get any brewakout play stopped
[11:38] {Threei} not biting
[11:39] {dino} here it comes
[11:42] {dino} hmmm
[11:45] {Les} covering sqnm +.10
[11:45] {Les} vad, other day you said your intraday BB charts were set differently to daily charts
[11:45] {Threei} yes
[11:45] {Les} what was your intraday settings?
[11:46] {Threei} 13/1.7
[11:46] {Les} ty
[11:46] {Les} wow. that changes the dynamism of sqnm downward spike one minute ago.
[11:50] {magoo} back
[11:54] {magoo} hello?
06[11:54] * nemo slaps nemo around a bit with a large trout
[11:54] {Threei} we are not deaf, we are just ignoring you
06[11:54] * nemo slaps magoo around a bit with a large trout
[11:55] {magoo} ahhhhh...good
[11:55] {Threei} also, considering how long you were on sabbatical, you can't blame us for thinking you are just mirage
[11:55] {Threei} or hallucination
[11:55] {magoo} didnt think u guys had enough of me already after such absence
[11:55] {Threei} and we are afraid to talk to hallucination, for when they start answering you...
[11:57] {Threei} (US) House Committee requests information related to claim denials by healthcare companies
[11:57] {Threei} - Asks CEOs from Humana, Aetna, Wellpoint and UnitedHealth to testify at 3/23 hearing.
[11:57] {Threei} ****Reminder: On 2/24 HHS Secretary requested a March 3 meeting with CEOs of health insurers including WLP, UNH, CI, HUM and AET.
[11:57] {Threei} was there ever such widespread intrusion in business by goverment bodies in USA history?
[12:01] {Threei} F Reports Feb US Vehicle Sales +43.1% y/y v +33%e; to 142.2K units
[12:01] {Threei} - Total Truck and van sales % y/y to K units v +14.5% in Jan (39.7K units)
[12:01] {Threei} - F series pick-up s... (12.39, -0.02, -0.16%) more...
[12:01] {dino} two different theories at work 3i, the dems who want control
[12:01] {dino} and the republicans who want markets.
[12:01] {dino} problem is dems control the votes so swinging wide left
[12:02] {dino} i am w/john galt, "get out of the way"
[12:02] {Threei} even bigger problem is, when republocans get their way they squander it almost as effectively...
[12:02] {Threei} none of them gets out of the way
[12:03] {dino} agree that they all spend too much
[12:05] {dino} we've stalled in tight range
[12:06] {Threei} as always
[12:06] {Threei} Market Internals update at 12:00pmET
[12:06] {Threei} - NYSE volume 365M shares, about 15% below its three-month average; advancers lead decliners by 2.8:1.
[12:06] {Threei} - NASDAQ volume 1.21B shares, about 28% above its three-month average; advancers lead decliners by 2.1:1.
[12:06] {Threei} - VIX index -2% to just below 19.00
[12:07] {Threei} this phenomenon continues to amaze me
[12:07] {Threei} I don't think I've ever seen this, for such extended time
[12:07] {Threei} for months now, we have volume increasing on red days, drying up on green ones
[12:08] {Threei} yet uptrend is intact
[12:08] {dino} and tight range afternoons
[12:08] {Threei} aftrenoon tight ranges, yes...
[12:08] {Threei} but this is something that is simply to be taken into account,
[12:08] {Threei} incirporated in our strategy
[12:09] {Threei} so we don't overtrade at thiks time of the day
[12:09] {Threei} keep bets light
[12:09] {Threei} that volume pattern though, it's different
[12:09] {Threei} it goes against one of fundamental principles
[12:10] {Threei} which is no big deal if happens once in a blue moon
[12:10] {Threei} but it holds true for months
[12:11] {Threei} even without tracking day by day, look at SPY daily for instance
[12:11] {Threei} general volume-price configuration
[12:11] {Threei} you'll see what I mean
[12:13] {dino} snda sm l .00
[12:13] {Threei} if anyone can come up with any sensible explanation, feel free... cause I sure have none
[12:13] {nemo} wall of worry climb
[12:14] {nemo} market shouldn't be going up, so light buying moves it up
[12:14] {Threei} any bull market does that at the beginning stages
[12:14] {Threei} but this volume pattern is never this sustainable
[12:14] {dino} random dance market
[12:14] {nemo} what was the last depression you lived through?
[12:14] {dino} buy them higher sell them lower
[12:14] {Threei} lol
[12:15] {Threei} why do I need to live through depression to know chart patterns?
[12:15] {nemo} well, go study the chart volume patterns from that time
[12:15] {nemo} last year was "we're all gonna'die"
[12:15] {Threei} and who told you I ever came out of depression meeting you in 2007 caused?
[12:15] {dino} further, i feel as tho the investor is dead. these markets move on traders, days happen in minutes
[12:16] {nemo} nano-trading
[12:16] {nemo} there's a book in there
[12:16] {Threei} you measn you see this volume pattern in depression timnes?
[12:16] {Threei} then we look at different charts, I don't see anything like this
[12:16] {nemo} I don't know...just last year was quite an exception
[12:16] {dino} drop
[12:17] {nemo} fas pullback
[12:17] {Threei} ok, I take severe umbrage in this one:
[12:17] {Threei} [12:15] {nemo} well, go study the chart volume patterns from that time
[12:17] {Threei} you think I didn't, before asking the question?
06[12:17] * Threei slaps nemo around a bit with a large price-volume charts from 1930 to our days
[12:17] {dino} i think you are overthinking it. my gut says no investors just traders
[12:18] {Threei} it's true
[12:18] {Threei} but why is volume reversed?
[12:18] {dino} panic on any drop after '09
[12:18] {nemo} wall of worry
[12:18] {dino} brutal lesson learned, get out
[12:18] {nemo} yep
[12:19] {dino} investors would wait it out, investors are minority
[12:19] {ese} did they even have price charts back then
[12:19] {nemo} yes ese
[12:19] {nemo} all investors are gone
[12:19] {Threei} yes... they called them plates, for some reason
[12:20] {dino} shoot first on drops ask questions later
[12:20] {Threei} I guess I don't ask my question clearly
[12:20] {Threei} and it's not emopty curiosity
[12:20] {Threei} this is something we need to understand in order to read the direction
[12:21] {Threei} let me try again
[12:21] {Threei} yes, as you say, when fear overcomes greed, volume increases on red days
[12:21] {Threei} that's what such increase indicates:
[12:21] {Threei} more fear,
[12:21] {nemo} economically much fear right now
[12:21] {Threei} greed retreats
[12:22] {Threei} and volume on green days is less.
[12:22] {Threei} That's all normal.
[12:22] {Threei} What isn't normal:
[12:22] {Threei} when this pattern develops, we establish DOWNtrend
06[12:22] * nemo asks: "What is normal?"
[12:22] {Threei} not UPtrend
[12:22] {ese} seed....wha da ya think vad L maybe at .05
[12:22] {Threei} yet, having this volume pattern, we continue uptrend
[12:23] {dino} more fear than greed
[12:23] {nemo} Fear is still very high out there
[12:23] {Threei} ese, it's worth a try, but wether it works or not won't depend on technicals, rather on wheher momo players return
[12:23] {dino} economy in my area sucks, fear everywhere
[12:23] {Threei} yes
[12:24] {Threei} that's what volume idndicates
[12:24] {Threei} more fear
[12:24] {Threei} so why uptrend??
[12:24] {nemo} Lotsa' fear, but where else you gonna' put your money?
[12:24] {dino} so perhaps lower vol on up because no investors(fear), but the ones that are in sell drops fast
[12:25] {dino} right now, the cd's are getting the money but paying nothing (fear again over rides)
[12:25] {nemo} my take dino, lock in profit and begrudgingly buy upward]
[12:25] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units
[12:25] {Threei} - Reminder: Jan sales +22% to 65.5K units
[12:25] {nemo} also, with no place else to put money, nobody really selling
[12:26] {dino} sure, back to trader market only, no investors
[12:26] {Threei} what do you mean nobody really selling?
[12:26] {Threei} where does volume on red days coming from then?
[12:26] {Threei} if it all were just short term traders, volume would be roughly equal
[12:26] {nemo} people locking in profit
[12:27] {dino} traders/sellers. investors are gone, most traders are long only types, they sell fast
[12:27] {Threei} OK, I guess my english sucks... you guys don't hear me :)
[12:27] {dino} athn just exploded
[12:27] {dino} i hear you 3i, but nobody knows. my thoughts are fear on drops
[12:28] {dino} snda oput at .40, +.40
[12:29] {dino} i understand the dilema, i ask it too, but....
[12:29] {Threei} SNDK boumce candidate
[12:29] {dino} swm was stopped btw
[12:30] {Threei} fast dive to or just under .50 would be ideal
[12:30] {nemo} at yesterday's close
[12:31] {nemo} market looking weak
[12:31] {Threei} well, we have TV appearance coming
[12:31] {nemo} who?
[12:31] {Threei} guess
[12:32] {dino} hank reardon
[12:32] {nemo} male or female?
[12:32] {Threei} dino, get back in real wolrd, will ya :)
[12:32] {dino} :)
06[12:32] * nemo slaps dino around a bit with a large copy of Atlas Shrugged
[12:32] {dino} you guys did this to me
[12:32] {nemo} BSMF
[12:33] {Threei} sorry dino
[12:33] {nemo} and frankly...Ayn would be pissed at you for saying that
[12:33] {dino} no complaints, changed me
[12:33] {Threei} I find that book kind of litmus test
[12:33] {Threei} I find myself on the same side on many issues with those who like it
[12:34] {_jfjf64} hmm
[12:34] {nemo} FAS about to hit VWAP
[12:34] {nemo} and 200
[12:34] {dino} swm rinsed
[12:35] {gregns} now is not the time for sndk?
[12:35] {fernp} SNDK .70 break, Vad?
[12:35] {Threei} no... don't like it here
[12:35] {fernp} ok
[12:35] {gregns} okey dokey
[12:35] {dino} oh man, the meatloaf sandwich is under-rated. should make a meatloaf sub
[12:35] {Threei} if it goes from here, it's just one of those moves that I can't read
[12:36] {fernp} u can read everything :-)
[12:36] {Threei} but suppose it pulls back to .65 or so,
[12:36] {Threei} and return to .70 and breaks it, yes, that I'd see as a valid setup
[12:37] {fernp} yes understand, db scenario
[12:37] {Threei} yes, with higher low
[12:38] {Threei} as it is, it's just a move
[12:38] {dino} here's a thought on your volume question, could it be that some of the stocks that are in the indexes are above average, thus pulling everything else along
[12:38] {Threei} not everything moves in patterns, some moves are just that
[12:38] {Threei} hah
[12:38] {nemo} also have etfs...wonder what affect they're having
[12:38] {nemo} effect
[12:38] {Threei} that's interesting suggestion dino
[12:38] {nemo} influence
[12:38] {Threei} and you know what
[12:39] {Threei} pattern is drastically different for NYSE and NASDAQ
[12:39] {dino} other thing is some have been dropped from index (c, aig, etc)
[12:39] {Threei} that would influence volume now vs volume before they were dropped
[12:39] {Threei} not day by day now
[12:40] {Threei} but your first suggestion is very likely true
[12:40] {Threei} NYSE and NASDAQ represent different sectors,
[12:40] {Threei} and volume on NASDAQ was less impacted by this strange pattern
[12:40] {dino} the meatloaf trigger the thought
[12:40] {nemo} wow
[12:41] {Threei} NYSE with its heavy represenation of financials
[12:41] {Threei} could be
[12:41] {dino} we're onto something
[12:41] {nemo} how's your shoulder dino
[12:41] {Les} NO FOOLS it's the computers!
[12:41] {Threei} The Power of Meatloaf Thinking
06[12:41] * nemo slaps Les around a bit with a large lead pipe
[12:41] {dino} good title\
[12:42] {Threei} well, the implication is:
[12:42] {Threei} without breaking things by sectors and possibly even deeper, isolation of certain stocks with unusual heavy trading,
[12:42] {Threei} we can't rely on index volume
[12:43] {Threei} and I am too lazy to do those deep analysis
[12:43] {nemo} interferes with your drinking time
[12:44] {Threei} and with my non-thinking principles
[12:44] {Threei} (I prefer to call inabaility a principle, ya know)
[12:45] {Threei} so there we go: index movement is dicated by price changes, not volume-weighted,
[12:45] {Threei} most stocks move in unison and define index direction,
[12:45] {Threei} but some, where the fear is concentrated the most, have unusual big volume on down days
[12:45] {Threei} skewing the volume pattern.
[12:46] {dino} glad i could be of assistance
[12:46] {Threei} totally
[12:46] {Threei} you keep that meatloaf handy
[12:47] {dino} will do, good for once every other week
[12:47] {Threei} SCON Hearing MDB Capital analyst suggests SCON has been awarded a significant contract win from AT&T for data network equipment (3.35, +0.47, 16.32%)
[12:47] {Threei} another momo
[12:48] {Threei} PAH3.GE Reports US Feb vehicle sales at 1,531 units, about flat y/y
[12:48] {Threei} that's Porsche
[12:50] {dino} gmcr
[12:56] {dino} qsii
[12:56] {dino} spls lod
[13:00] {Threei} BLDP to Power SunLine Transit Agency Buses (2.35, +0.11, 4.91%)
[13:01] {Threei} fuel cells stock
[13:04] {dino} puk to .61
[13:04] {_jfjf64} rimm new h
[13:05] {strider} TM
[13:05] {Threei} TM Reports Feb US Vehicle Sales (y/y): -8.7% v -10%e; to 100K units
[13:05] {Threei} - reminder: Feb Sales -8.7% y/y at 98.8K units (74.48, +0.84, 1.14%)
[13:06] {dino} to .62
[13:08] {dino} out puk +.12
[13:11] {gregns} sndk
[13:11] {gregns} ?
[13:12] {Threei} not sure
[13:12] {Threei} can become a short on .60 breakdown just as well
[13:13] {gregns} ty
[13:14] {_jfjf64} qcom what up
[13:15] {Threei} QCOM Hearing positive comments being made at annual shareholder meeting; see revenues and EPS at the high end of prior expectations
[13:15] {Threei} - Note: on 1/27 QCOM Guided FY10 EPS $2.10-2.30 v $2.22e, R$10.4-11B v $10.6Be (38.03, +2.47, 6.95%)
[13:15] {Threei} US sets preliminary anti-subsidy duties of 4-13% on China, 17.5% on coated paper from Indonesia
[13:15] {Threei} - Notes still assessing whether to treat China's currency practices as a countervailing subsidy.
[13:15] {_jfjf64} ty vad
[13:16] {_jfjf64} wd of been nice at 37.00
[13:26] {fernp} PAY any read, Vad?
[13:28] {Threei} I am seriously torn fern
[13:28] {Threei} I like the chart
[13:29] {Threei} but how many of these worked lately on aftrenoons?
[13:29] {strider} [13:28] {&Threei} "I am seriously torn fern" ---vad, you probably just need to be re-potted.
[13:29] {fernp} yes, you are right
[13:30] {Threei} rofl
[13:30] {Threei} you guys in rare shape today
[13:30] {nemo} or keep the dog away
[13:30] {dino} spls sm l .50
[13:31] {_jfjf64} rimm vad
[13:33] {Threei} 50/50 jf
[13:37] {Threei} look at this paralysis
[13:37] {Threei} wehich way it resolves is a total coin toss
[13:37] {_jfjf64} lk the short now
[13:39] {Threei} wow
[13:39] {Threei} read this:
[13:39] {Threei} Fed's Hoenig: Very difficult to see asset sales this year as must prepare markets for policy change - CNBC interview exerpts
[13:39] {Threei} - asked how he would handle the exit strategy, Hoenig comments the Fed should "prepare the markets" over a period of months, then more toward unwinding and normalization measures over a period of "years."
[13:39] {Threei} Fed should "prepare the markets"?
[13:39] {Threei} #$*&^$kers
[13:42] {_jfjf64} tk look pcx
[13:43] {Threei} impressive
[13:43] {_jfjf64} up 1.00 from my entry
[13:44] {Les} SPLS bottom feed somewhere round here
[13:45] {nemo} no volume
[13:45] {Les} yeh that'd be key
[13:45] {_jfjf64} tell em nemo
[13:45] {Threei} SNDK is totally got away from me
[13:46] {Threei} twice
[13:46] {nemo} reminds me of a bad joke...but I can't remember it
[13:46] {_jfjf64} grrrrrrrrrrrr
[13:46] {nemo} not you jf
[13:47] {nemo} little volume creeping into spls
[13:47] {nemo} mon basing
[13:48] {nemo} volume increasing on spls
[13:49] {dino} ntri sm l .20
[13:49] {Les} OSIP
[13:50] {ese} gotta go all see ya tomorow.......
[13:50] {Les} ciao
[13:50] {_jfjf64} see ya es
[13:51] {dino} cya
[13:51] {billyc} cya ese
[13:51] {_jfjf64} no seed watchers
[13:52] {Les} fcx
[13:52] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units
[13:52] {Threei} - Reminder: Jan sales +22% to 65.5K units
[13:52] {Les} just doesn't wanna stop
[13:54] {Threei} X lags
[13:54] {Threei} in fact, doesn't want to go with market
[13:55] {Threei} if I wanted a trade, it would be short X on 58 break when market revreses back down
[13:55] {nemo} x looks like fas
[13:55] {Les} sqnm trying
[13:55] {_jfjf64} does that mean ya shorting
[13:56] {Threei} no colored call - discretionary
[13:56] {larisa} X still uptrending though
[13:56] {_jfjf64} pcx strong
[13:56] {Threei} you like - you take
[13:56] {Threei} I just describe it for those who want
[13:56] {fernp} NVDA .05 break, Vad?
[13:57] {Threei} too narrow fern
[13:57] {Threei} if you eant 5 cents scalp, sure
[13:57] {Threei} want
[13:57] {dino} qsii sm l break of .20
[13:57] {Threei} and jf, it's invalidated anyway
[13:57] {fernp} ty. that's what i want
[13:59] {dino} cx qsii
[14:00] {Les} SNDA may be reversing
[14:00] {Threei} Fed's Kocherlakota: Unemployment levels are uncomfortable
[14:01] {Threei} that's one way to put it
[14:01] {dino} especially for the unemployed
[14:01] {dino} ntri stop is .99
[14:02] {larisa} Kocherlakota??
[14:02] {Les} fed makes no pretense that its not run by mafia
[14:05] {nemo} kick me please vad
[14:05] {Threei} hmm?
[14:05] {nemo} do I need to repeat it?
[14:05] {Threei} I don't indulge masohists
[14:05] {Threei} I make them suffer by not indulging
[14:06] {nemo} no..for missing fcx at 77.55 I was looking at it when volume came in, said "nah, that's too obvious."
[14:06] {nemo} mon
[14:06] {nemo} volume coming in break of 72 interesting
[14:09] {Les} Nemo, you once mentioned white numbers on T&S is people trying to get out
[14:09] {Les} nice call on mon by the way
[14:09] {nemo} ty
[14:09] {nemo} can be white numbers are market orders
[14:09] {Les} what does this colour coding on T&S mean?
[14:09] {nemo} market orders
[14:09] {Les} green is buy?
[14:10] {Les} Red is sell?
[14:10] {nemo} green means somebody bought the offer
[14:10] {Les} what is yellow?
[14:10] {nemo} Red means somebody selling sold to the bid
[14:10] {nemo} yellow in your case is likely market orders
[14:10] {dino} ntri stop
[14:10] {larisa} yellow means too much carrot
[14:10] {Les} out MON +.20
[14:10] {Threei} msrket orders?
[14:11] {Threei} they can't be color coded
06[14:11] * nemo slaps larisa around a bit with a large peacock feather
[14:11] {Threei} DOJ has requested some Hedge Funds hold on to trading records with regards to Euro transactions - CNBC's Faber
[14:11] {Threei} - DOJ has not subpoenaed any individuals or companies
[14:11] {Threei} what the hell is going on
[14:12] {Les} crap. OSIP broke at same time as MON
[14:13] {Les}
[14:13] {dino} trying to make speculation illegal, crazy times
[14:13] {Les} Vad, can you help me decode this T&S chart please?
[14:14] {Les} yellow price means unchanged
[14:14] {Les} yellow vol. means unchanged
[14:15] {nemo} no it means in between bid and offer...likely market order
[14:15] {Threei} that's what your broker said?
[14:15] {Les} no just guessing
[14:15] {nemo} wtf
[14:15] {Threei} ok, you need their explanation of color agenda
[14:15] {Les} its broker specific is it?
[14:15] {Threei} I've no idea what they label as yellow
[14:15] {nemo} green means somebody bought the stock paying the offer]
[14:15] {Threei} for Laser it's simple
[14:16] {Threei} green - trade at offer price
[14:16] {nemo} red likely means somebody sold the stock for the bid
[14:16] {Threei} red - trade at bid price
[14:16] {Threei} white - inbetween
[14:16] {nemo} yellow is likely market/inbetween
[14:16] {Threei} why market?
[14:16] {Threei} inbetween - probably
[14:16] {Threei} but why it needs to be market?
[14:17] {Les} ok. will try to track it down. thanks anyway
[14:17] {nemo} doesn't need to be, but market orders will usually be the best available price
[14:17] {Threei} so will limit
[14:17] {nemo} good point
[14:17] {Threei} send at the offer, if there is hidden offer lower you'll get it
[14:18] {Threei} make this disctinction:
[14:18] {Threei} there is an order that hits someone else's one,
[14:18] {Threei} this is MARKETABLE order
[14:18] {Threei} don't confuse with market
[14:19] {Threei} marketable order can hit hidden one inbetweem
[14:19] {Threei} now, if you try to put in bid or offer at the current perice or beyond, but not between existing ones,
[14:19] {Threei} it's pyre limit
[14:19] {Threei} pure
[14:19] {Threei} and there will be no improvement
[14:20] {Threei} you'll get a fill only when someone hits you
[14:20] {Threei} what you'll get though with Laser is ECN rebate
[14:21] {nemo} fcx siting on resistance and trendline
[14:21] {nemo} sitting
[14:23] {dino} qsii sm l .15
[14:24] {strider} HIG, jb
[14:24] {nemo} is it trading?
[14:25] {dino} \sm l snda .25
[14:27] {Threei} sharp moves both directionms
[14:27] {nemo} what you say about pulling teeth last week?
[14:28] {Threei} to me, this week feels easier
[14:28] {nemo} it's only Tuesday
[14:28] {Threei} get your good trades early, then sit it out
[14:28] {Threei} wait for something big to happen
[14:28] {nemo} reminds of a woman I dated...spent a year with her one week
[14:28] {Threei} if you get lucky to get news early, fine
[14:29] {Threei} if not, sit and yawn
[14:29] {nemo} great...made me yawn
[14:30] {Threei} last week was tougher for me because period of morning activity was shorter
[14:30] {Threei} if day started with stop or two, it would take whole day to get out of it
[14:30] {Threei} this week so far at least, morning is a little longer
[14:31] {Threei} so there is more time to right things
[14:31] {Les} today was excellent for me
[14:31] {nemo} fcx 200 ma at .90
[14:31] {nemo} support at .95
[14:31] {Les} integrating dino's strategy
[14:31] {nemo} meatloaf?
[14:31] {Les} with your strategy
[14:31] {Threei} meatloaf with bacon then
[14:31] {Les} and doing it properly
[14:31] {nemo} vodka
[14:31] {Threei} sprinkle with carrot juice, and you are fine
[14:32] {nemo} homage to lari
[14:32] {Les} given which, I will quit while I am ahead and catch up on sleep. night all
[14:32] {Threei} take care les
[14:32] {nemo} from God
[14:33] {Les} just this once
[14:33] {nemo} hehehehe
[14:33] {Threei} greast
[14:33] {Threei} Chile quake shook Earth of its axis
[14:33] {nemo} saw that
[14:33] {Threei} day shortened by 1.26 microsecond
[14:33] {Threei} :(
[14:33] {nemo} fcx bounced on 200
[14:34] {Threei} HIG broke strider
[14:34] {strider} yep. didn't take it.
[14:34] {Threei} ok... look at this SPY action
[14:35] {Threei} is it really something readable and enticing to oparticipate in?
[14:35] {nemo} those long tails...volatility
[14:44] {fernp} PAG breakdown, Vad?
[14:44] {nemo} takeover rumor on PCX
[14:44] {Threei} mah
[14:44] {fernp} ok
[14:44] {Threei} this is torture
[14:45] {Threei} fighting for 3 cents
[14:49] {dino} back in 15
[14:52] {Threei} PIP Ticking higher recently after reports from Twitter circulate about a suspicious letter and potential anthrax threat in DC (1.87, +0.09, 5.06%)
[14:53] {Threei} (US) Fed's Kocherlakota: Creation of a world currency has very low probability (related EUR/USD USD/JPY USD/CNY )
[14:53] {Threei} lol
[14:53] {Threei} low?
[14:53] {Threei} zilch is more like it
[14:56] {_jfjf64} rimm
[14:59] {_jfjf64} good night all
[14:59] {Threei} take care jf
[15:00] {fernp} bye jf
[15:00] {_jfjf64} + for day good day
[15:00] {magoo} i'm out of "trading" shape here
[15:00] {magoo} exhausted lol
[15:01] {Threei} lol
[15:01] {_jfjf64} mee too
[15:01] {nemo} ?
[15:01] {_jfjf64} tks time
[15:01] {nemo} what...finger blisters?
[15:01] {nemo} sore butt?
[15:01] {magoo} all of the above
[15:02] {nemo} psychological stress from my sense of humor?
[15:02] {_jfjf64} was any one speakin to nemo
[15:02] {nemo} or lack thereof
[15:02] {_jfjf64} lol
[15:02] {nemo} you want on the list jf?
[15:02] {_jfjf64} no list pls
[15:02] {Threei} uh oh
[15:02] {Threei} the list
[15:02] {nemo} some names in pen, some in pencil
[15:02] {Threei} infamous the list
[15:03] {Threei} you be caAREFUL JF
[15:03] {nemo} got the caboose before the engine there
[15:03] {_jfjf64} wher is les when i need em
[15:03] {nemo} he knows better
[15:04] {Threei} you need more les?
[15:04] {nemo} bah dum bump
[15:04] {_jfjf64} i need to go see ya
[15:04] {Threei} :)
[15:05] {_jfjf64} goodnight mr nemo
[15:06] {nemo} Mr.?
[15:06] {Threei} mrs?
[15:06] {nemo} never
[15:07] {nemo} reminds me of a story though
[15:07] {magoo} he's a she??
[15:07] {_jfjf64} yeah
[15:07] {nemo} you surfin' again magoo?
[15:07] {Threei} not when i saw him, but it's been a whole year
[15:07] {nemo} I'm saving up
[15:07] {magoo} ah vad, modern medicine lokl
[15:08] {Threei} yeah, who knows these days, lol
[15:09] {magoo} and sometimes even boyz are girls anyway, he coulda fooled you
[15:16] {dino} ,
[15:16] {nemo} .
[15:17] {Threei} PDLI Guides Q1 $.17 v $0.28e, R$62M v $70Me (6.96, -0.18, -2.52%)
[15:27] {magoo} oldie but a goodie
[15:27] {Threei} today is different
[15:27] {magoo} vad "are we in anything?"
[15:27] {Threei} hehe
[15:27] {nemo} OMFG
[15:27] {Threei} instead of finishing at the high, market went back down through the whole range
[15:27] {Threei} range is very narrow, but still
[15:29] {dino} yes 5 pts s/p
[15:35] {Threei} and jf is angry with me for not finding a play every 3rd second
[15:35] {Threei} find someone who calls as many as we did in 5 points range, lol
[15:35] {nemo} still got a half hour
06[15:35] * Threei slaps _jfjf64 around a bit with a large dose of reality
06[15:36] * nemo slaps _jfjf64 around a bit with a large DILLIGAF
[15:36] {Threei} it's slap jf hour
[15:36] {nemo} Well...gotta' go c u in the ESTAM
[15:36] {Threei} in the what?
[15:37] {nemo} Eastern Standard Time A. M. making allowances for Les, who will be drinking after lunch
[15:37] {Threei} lol
[15:37] {Threei} no interesting earnings today
[15:37] {Threei} unless VISN is of interest
[15:37] {Threei} and PAY
[15:38] {fernp} good evening everybody. see you all tomorrow
[15:39] {Threei} take care fern
[15:39] {Threei} Ron... for your first day, are we totally crazy or it's bearable?
[15:40] {RonS} Bearable...just watching to get the groove...
[15:41] {Threei} okay... 'cause to me it looks like total asylum
[15:41] {RonS} ...been with crazier...
[15:41] {Threei} the we still have room {G}
[15:41] {Threei} then
[15:42] {dino} cya fern
[15:42] {dino} welcome to our jungle ron
[15:42] {billyc} hey ron
[15:43] {RonS} hey everyone...
[15:44] {billyc} dino where do you live
[15:44] {dino} pennsylvania
[15:44] {billyc} i grew up in dc l live in s fla
[15:45] {Threei} Siberia, judging by this winter
[15:45] {dino} yeah, 3' last week and today it's 50
[15:45] {strider} dino lives in an old castle, and sleeps in a casket.
[15:45] {dino} east coaster billy
[15:45] {dino} lol
[15:45] {billyc} yup about 15 minutes north of ft lauderdale
[15:46] {dino} well, my office is about 150 years old
[15:46] {RonS} Been tough in CO too...
[15:46] {RonS} Where is that global warming?
[15:46] {dino} it isn't
[15:47] {RonS} Dang, and I love cowtowing to that effete Algore...
[15:47] {dino} lol
[15:47] {strider} Towing a cow is rude.
[15:47] {RonS} LOL
[15:48] {Threei} wait... you mean earth iks not warming up?
[15:50] {lasertrev} come on vad, u know the gov. controls the weather.
[15:50] {lasertrev} lol
[15:50] {Threei} it does?
[15:51] {Threei} great, I';ll send them bill for washing my car - what the hell was this rain about
[15:51] {dino} sgms
[15:51] {strider} Welll if they do, why don't they do something about it?
[15:51] {RonS} "Everyone complains about the weather, but nobody does anything about it"
[15:51] {RonS} Mark Twain
[15:52] {Threei} "Everyone compains about their memory, not about intelligence"
[15:52] {strider} Because you lose your memory, but not (usually) your intelligence.
[15:52] {Threei} (CA) Canada Official: Govt to establish plan to reach budget balance; will signal a stimulus end by March 2011
[15:52] {Threei} - Govt will avoid tax increases and will not trim transfers
[15:52] {Threei} (related USD/CAD EWC )
[15:54] {RonS} Every state in the Union has increased taxes...and the Feds with CSIP
[15:55] {Threei} and this is only beginning
[15:55] {Threei} okay guys, thank you all
[15:55] {Threei} have a great evening, see you tomorrow
[15:56] {dino} u2 vad

Labels: , , , ,

Monday, March 1, 2010

Mon Mar 01 2010

The day started with two rinses, on VVUS and AIG. Then very nice string of ARBA long for 20 cents, FCX long for 40 cents, VXX short, TM short and AIG long took us solidly in black. Couple calls after that were made discretionary (with strong odds of being rinsed, only for those who really wanted then), and both did get rinsed for 5 and 10 cents. Pattern of profits being concentrated in the first hour or two, with market frozen after that continues.

Session Time: Mon Mar 01 00:00:00 2010
[08:22] {Threei} 07:05 VVUS FDA accepts Qnexa NDA (obesity) for review
[08:23] {Threei} The target date for the FDA to complete its review of the Qnexa NDA is October 28, 2010. In previously announced pivotal phase 3 trials, patients treated with all three doses of Qnexa achieved significant weight loss compared to placebo, and significant dose-related improvements in a variety of secondary endpoints including reductions in cardiovascular, inflammatory and metabolic risk factors.
[08:23] {Threei} 05:10 AIG Prudential (UK) to acquire AIA for $35.5B in cash and equity (confirms speculation, pricing as expected); pre-releases FY09 figures
[08:23] {Threei}
[08:28] {Threei} USD/CHF Invest Warren Buffett: Would pick the CHF if forced to choose a currency to invest in - CNBC
[08:28] {Threei} why do I fiond it hard to believe
[08:29] {Threei} SQNM Hapoalim Securities Raised SQNM to Hold from Sell
[08:31] {Threei} *(US) JAN PERSONAL INCOME 0.1% V 0.4%E; PERSONAL SPENDING: 0.5% V 0.4%E
[08:31] {Threei} - Prior Personal Income revised lower from 0.4% to 0.3%
[08:31] {Threei} - Prior Personal Spending revised higher from 0.2% to 0.3%
[08:37] {ese} morning
[08:38] {Threei} ese :)
[08:38] {nemo} dude
[08:38] {ese} dude
[08:39] {nemo} mmmhhhh...spy setting resistance
[08:45] {Threei} Fed's Lacker: US must establish boundaries within the financial safety net; creating a fund for failing firms would be the wrong direction
[08:45] {Threei} no kidding
[08:56] {Threei} watching VVUS pullback
[08:58] {Threei} haven't traded below .70 today yet, and big bid .75
[08:58] {Les} well Warren Buffet has good taste in currencies
[08:58] {Les} morning :)
06[08:58] * nemo slaps Les around a bit with a large trout
[08:59] {Threei} Les :)
[08:59] {Threei} that line by him stinks to high heaven
[09:00] {Les} sun sun sun and 50 something degrees outside. Started the springtime gardening
[09:01] {Threei} that was our average for the whole wonter
[09:02] {ese} i must be blind....just noticed osip....+18and change
[09:02] {Threei} buyout
[09:03] {Threei} 01 Mar 2010 06:13 [OSIP] Astellas Pharma offers $52/shr (40% premium); All cash deal valued at $3.5B (update
[09:03] {Threei} not sure why it trades above offer
[09:06] {fernp} Good morning everybody
[09:06] {Threei} fern :)
[09:06] {Les} hey fern
[09:07] {_jfjf64} mornin
[09:07] {Threei} jf :)
[09:08] {_jfjf64} missed ya yest sorry
[09:08] {Threei} I ducked
[09:08] {_jfjf64} lol
[09:09] {_jfjf64} aig 28.40 set up ya lk
[09:09] {Threei} up way too much
[09:09] {_jfjf64} ty k
[09:09] {Threei} it will be volatile
[09:10] {Les} wow NUVA
[09:10] {Threei} let's wait out first minutes when it's going to be supervolatile
[09:10] {dino} gm all
[09:10] {Threei} dino :)
[09:10] {_jfjf64} ya da boss
[09:11] {Les} I got screwed by 10 cents trying to short NUVA towards the end. Then it hit me I should have gone long for small shares over weekend.
[09:11] {Threei} NUVA was hatled after close on Fri
[09:11] {Les} why?
[09:11] {Threei} NuVasive Inc United Health adjusts Policy on XLIF
[09:11] {Threei} - Note: AET also announced a reversal in policy earlier
[09:11] {Threei} - United Healthcare changed its lumbar spinal fusion policy to include coverage for the eXtreme Lateral Interbody Fusion, or XLIF procedure, published on February 26, 2010, a reversal from its previous policy that labeled XLIF as unproven.
[09:11] {Threei} - The updated policy removes XLIF from the list of unproven spinal fusion techniques and adds coding clarification in line with the North American Spine Society (NASS) recommendation letter dated January 5, 2010.
[09:12] {Les} but that wouldn't affect a long holding over weekend though?
[09:12] {dino} pound sterling hit 2%
[09:12] {Threei} what do you mean wouldn't affect?
[09:12] {Threei} it was unexpected new, causing halt
[09:12] {Les} If I was long 100 shares at close
[09:13] {Threei} how do you know that news was coming, what kind of news that was and how it would impact the price?
[09:13] {Threei} why would you?
[09:13] {Threei} was there any kind of setup?
[09:14] {Threei} stock was up frikin 10 bucks
[09:14] {Threei} is this really something you want to take homw?
[09:14] {Les} for a quick date over the weekend? maybe
[09:14] {Threei} get caught in halt, run into negative news and found yourself down 5 dollars Monday morning?
[09:14] {Les} to meet my mama, thats something else
[09:15] {Threei} good luck with that strategy
[09:15] {Les} hmm well when you put it like that
[09:15] {dino} snda, hbc, osip,
[09:15] {Threei} just don't tell anyone this is anything I teach
[09:16] {Threei} FDA to convene Tobacco advisory committee meeting March 30 and 31
[09:16] {Threei} - to discuss health effects of menthol in cigarettes
[09:16] {Threei} menthol has any health effect?
[09:19] {lasertrev} morning
[09:19] {Threei} trev :)
[09:22] {_jfjf64} vad real quick is there way to set up an alert for ya calls
[09:22] {dino} fnm needs another 15 b, thanks barney
[09:22] {Threei} in mirc, yes
[09:22] {Threei} in mibbit, no idea
[09:23] {_jfjf64} whats mirc
[09:23] {Threei} yeah dino... bottomless pit
[09:23] {Threei} software to connect the room
[09:23] {Threei}
[09:23] {_jfjf64} im in mibbit no prob
[09:24] {Threei} scroll down to indtructions
[09:24] {Les} any news on GAME vad?
[09:24] {Threei} there are two ways listed
[09:24] {Threei} yes
[09:24] {dino} yes les hit targets
[09:24] {dino} snda beat, owns game i think drops too
[09:24] {Les} snda, of course
[09:24] {Threei} Shanda Games Limited Reports Q4 $0.22 (adj) v $0.20e, R$196M v $195Me; To buy back up to $150M in stock (about 5% of market cap)
[09:24] {Threei} Shanda Games Limited Guides Q1 Rev down 10-15% q/q (implies R$166.6-176M v $208Me)
[09:25] {Threei} bad guidance dino
[09:25] {dino} i trade snda alot, big moves always
[09:26] {dino} ty vad, mossed that
[09:26] {dino} snda would not surprise me if goes to 40
[09:28] {billyc} gm everyonr
[09:28] {Threei} billy :)
[09:28] {strider} morning folks.
[09:28] {billyc} vad
[09:28] {Threei} strider :)
[09:28] {strider} :)
[09:29] {ese} ahhhhhhh what do you say in the army..."theres no life like it" just got out of the brand new hot relxed for the mrkt now!
[09:29] {Threei} lol
[09:29] {larisa} gm :)
[09:29] {Threei} larisa :)
[09:29] {dino} nice es, still waiting for mine
[09:29] {Threei} GS Goldman Sachs board rejects shareholders request for say on pay - CNBC (156.35, 0.00, 0.00%)
[09:30] {ese} man dino.........just wait'll be trading from it
[09:30] {Threei} let's see in VVUS form breakput
[09:30] {dino} lol
[09:30] {Threei} Long Setup: VVUS .80 break
[09:30] {Threei} if stays above .70
[09:31] {Threei} Long Setup: AIG .80 half lot
[09:31] {Threei} stop under .60
[09:32] {Threei} not this time AIG
[09:32] {ese} L jnpr .00
[09:33] {ese} out 1/2 avg .09
[09:34] {ese} break even remainder
[09:34] {Threei} no worky VVUS
[09:35] {_jfjf64} sndk
[09:35] {fernp} stopped VVUS
[09:35] {nemo} rinsed
[09:36] {Threei} Short Setup: FCX .50 break half lot
[09:36] {ese} out remainder .13
[09:37] {nemo} invalidated
[09:40] {dino} athn sm l .00
[09:40] {dino} out vvus .93, +.12 ty vad
[09:41] {Threei} nice dino
[09:41] {Threei} rinsed me
[09:41] {dino} yeah, close for me too
[09:42] {billyc} out vvus + .12
[09:42] {nemo} guess not holding your stops paid off
[09:42] {dino} my nose bleeding?
[09:43] {dino} cov fcx .37, +.12 ty vad
[09:44] {Threei} in scalping mood this morning eh?
[09:44] {Threei} FFIV... probably your client soon, dino
[09:44] {dino} bought some r.e., need to get average up, so using you for early trades. tweeking it
[09:45] {nemo} guess early morning stops need to be wider
[09:45] {Threei} ASIA
[09:46] {dino} snda lod
[09:46] {Threei} let's see if we get pullback in .40 or so
[09:46] {ese} out brcm .80
[09:46] {ese} thats my little 500shs lot from last thursday
[09:46] {Threei} FCX slow death
[09:47] {Threei} Long Setup: RJET .40 break
[09:47] {Threei} if stays above .30
[09:47] {dino} out athn, 74, +.74
[09:47] {Threei} wow
[09:48] {dino} lucky s[ike was laying out
[09:48] {dino} kept going tho
[09:48] {Les} incredible dino. I saw overhead resistance. skipped it
[09:48] {Threei} US) Preview: Feb ISM Manufacturing due out at 10:00ET
[09:48] {Threei} - ISM Manufacturing: 57.9e v 58.4 prior (estimates range between 55.0 to 60.7).
[09:49] {dino} lucky les, thats all
[09:49] {Les} always
[09:49] {Les} MELI 42 break?
[09:50] {Threei} if you don't mind very bulymic stock
[09:50] {Threei} even half lot is scary on it
[09:50] {Les} you mean she's slim and great looking?
[09:51] {Threei} slim yes
[09:51] {_jfjf64} sndk monster
[09:51] {Threei} RJET invalidated
[09:51] {Les} what do you make of GAME dino?
[09:52] {Threei} no pullback ASIA...
[09:52] {dino} prefer snda over it
[09:52] {Les} ok
[09:52] {dino} snda feels hi 39s
[09:53] {Threei} Long Setup: DRIV .60 break
[09:53] {dino} les, trust your gut, i am wrong lots
[09:53] {Threei} if stays above .50
[09:54] {dino} but game, if it gets 6.50s i will look
[09:54] {Les} my gut says its time for a beer
[09:54] {dino} lol
[09:54] {nemo} hands shakin' Les?
[09:54] {Threei} your gut is good 10 hours ahead of us
[09:54] {dino} first day i feel ok in last 5, had heck of a cold
[09:55] {dino} watching athn again
[09:56] {Threei} Long Setup: ARBA .20 break
[09:56] {dino} pwrd bloody
[09:56] {Threei} scalpers - if holding abpve .10, day traders above 12,
[09:57] {Threei} and has potential for a bigger move if market helps just a tad
[09:57] {dino} arba a pulp stock?
[09:57] {Threei} sometimes
[09:57] {dino} ty
[09:58] {Threei} most days it's quiet
[09:58] {Threei} but now and then it gets possessed
[09:58] {Threei} and moves like a freight train
[09:58] {dino} is that the same arba from go go 90s
[09:58] {Threei} daily's nice
[09:58] {Threei} yes, same and only
[09:59] {dino} ahhh
[09:59] {Threei} onwew of "has beens" :)
[09:59] {Threei} one
[10:00] {dino} mkt drops
[10:00] {dino} all red
[10:00] {Threei} *(US) FEB ISM MANUFACTURING INDEX: 56.5 V 57.9E
[10:00] {Threei} US) JAN CONSTRUCTION SPENDING M/M: -0.6% V -0.6%E
[10:00] {Threei} PRICES PAID: 67 V 68.0 PRIOR
[10:00] {nemo} missed arba
[10:00] {dino} wow missed snda
[10:01] {nemo} didn't give much warning dino
[10:01] {nemo} markets bounced right back
[10:01] {dino} no and i was at 39.88
[10:02] {dino} deck animal again
[10:02] {Threei} FCX
[10:02] {Threei} probably ready to revers\e
[10:03] {Threei} looking for double bottom
[10:03] {dino} 75.16 gap fwiw
[10:03] {nemo} maybe not vad...this jump in fcx was on chile
[10:03] {Threei} no doubt
[10:04] {nemo} aig testing support
[10:04] {Threei} but pulled back significantly
[10:04] {Threei} should become just your normal traders toy
[10:04] {Threei} .90 break long
[10:04] {Threei} half lot of course
[10:04] {Threei} dtop under .70
[10:04] {Threei} stop too
[10:05] {dino} ok
[10:06] {Threei} 1:1
[10:06] {dino} mos sm l .50
[10:06] {Threei} 1:2 close
[10:06] {Threei} here
[10:06] {Threei} out
[10:06] {Les} nice one. got the trade mixed up with AIG. belt up Nemo :)
[10:06] {Threei} ARBA 1:1
[10:06] {dino} out fcx .30, +.39 ty vad
[10:07] {Threei} welcome sir
[10:07] {dino} you da man today
[10:07] {Threei} only if you sit out morning rinse
[10:07] {Threei} which you did
[10:08] {Threei} I am just getting back in black
[10:08] {_jfjf64} lets go papa
[10:09] {dino} athn sm l .50
[10:09] {Threei} scalpers take ARBA profot, day traders half out
[10:10] {Threei} stop to under b/e
[10:10] {_jfjf64} ty
[10:10] {dino} missed arba
[10:10] {Threei} and aim for around .40 - .50 for second half
[10:12] {Threei} crap
[10:12] {Threei} ASIA pulled back right where I wanted it, to .40
[10:13] {Threei} not enough eyes
[10:14] {dino} change your name to 4 eyes
[10:14] {dino} you take meli les?
[10:14] {Threei} I look like mutant as it is
[10:15] {Les} crap. forgot about it. Not enough memory
[10:15] {_jfjf64} sndk .70 vad
[10:15] {_jfjf64} or wait pullbk
[10:15] {Threei} can't tell jf, sorry
[10:16] {_jfjf64} good enough me ty
[10:16] {Les} XNPT on its way down
[10:16] {Threei} EVVV Canaccord Adams adds to their Best Idea list (timing uncertain)
[10:16] {Threei} - EVVV rated Buy (14.96, +0.41, 2.82%)
[10:18] {strider} KO may be bottoming.
[10:19] {Threei} Long Setup: VXX on pullback to .60
[10:20] {_jfjf64} missed
[10:20] {_jfjf64} grrrrrr
[10:20] {Les} long SNDA 42
[10:21] {Les} long TBT .37
[10:21] {dino} out athn .81, +.31
[10:24] {dino} .20 area support imo
[10:25] {Threei} VXX never pulled back
[10:25] {Threei} oh well
[10:26] {dino} ? you play inverse that on mkt turns?
[10:27] {Threei} generally, yes
[10:27] {dino} thought so
[10:27] {Les} stopped tbt
[10:30] {Les} BXS 20 break?
[10:30] {dino} imo y for scalp
[10:30] {Threei} I think so
[10:31] {ese} damn...nice one athn dino......tossed that one around and didn't do it...gj
[10:31] {dino} thx
[10:31] {Threei} big offers at 20 deserve a try if taken
[10:31] {dino} bxs wait for .01 trig imo
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 210M shares, about 15% below its three-month average; advancers lead decliners by 4.9:1.
[10:32] {Threei} - NASDAQ volume 580M shares, about 15% above its three-month average; advancers lead decliners by 3.1:1.
[10:32] {Threei} - VIX index flat at just over 19.50
[10:32] {Les} SNDA stopped
[10:34] {dino} out mos -.10
[10:34] {_jfjf64} wow only hour in
[10:35] {Threei} I think by now you all know who is on TV so I won't ask
[10:35] {nemo} Evangelina Lilly
[10:35] {Threei} Larisa won't get mad at me too, additional benefit
[10:36] {dino} dagny taggart
[10:36] {Threei} wow, lol
[10:36] {Threei} that's a bew one
[10:36] {Threei} new too
[10:36] {dino} i picture her as a very atractive, confident lady
[10:37] {dino} sort of like patience and larisa
[10:37] {Threei} dagny? or larisa?
[10:38] {fernp} LEAP, Vad?
[10:38] {Threei} Short Setup: VXX .90 break half lot
[10:38] {Threei} if stays under 26
[10:38] {Les} WFMI .11 break?
[10:39] {Threei} LEAP, won't be fast but certainly deserves a try
[10:39] {fernp} ty
[10:39] {Threei} I like it Les
[10:39] {dino} vxx
[10:40] {nemo} fcx .60 break? stop a little big though
[10:40] {Threei} yes
[10:41] {Threei} stop is of concern, so I'd try it different way
[10:41] {Threei} pullback closer to .50
[10:41] {ese} L uaua .05
[10:41] {nemo} you talkin' ta me?
[10:41] {Threei} yes
[10:42] {nemo} what line that from Les?
[10:43] {Les} I've said that many times, but can no longer remember its origin
[10:43] {dino} willis
[10:43] {Threei} VXX 1:1
[10:43] {nemo} Travis Bickle=Robert DeNiro
[10:43] {Les} taxi driver
[10:43] {fernp} ty vad
[10:43] {Les} never watched that one in full
[10:43] {Threei} WFMI 1:1
[10:43] {Threei} smelled market reversal
[10:43] {ese} out uaua .12 +.07
[10:44] {Threei} wtg ese
[10:44] {dino} gj
[10:46] {nemo} .70 break fcx stop under .60?
[10:46] {_jfjf64} tna vad
[10:47] {Threei} needs strong market support nemo
[10:47] {dino} athn
[10:47] {Threei} I doubt it will happen
[10:47] {Threei} likely to be a trap
[10:47] {nemo} looking more like that
[10:47] {Threei} TNA...
[10:48] {nemo} big offer fcx at .70
[10:48] {Threei} toughie jf
[10:48] {Threei} most likely long, but not an easy play
[10:49] {Threei} market jumped for some reason
[10:49] {Threei} pushed FCX
[10:49] {Threei} notice, VXX didn't drop with it
[10:50] {_jfjf64} why
[10:50] {dino} athn sm l .25
[10:50] {ese} L brcm .81
[10:50] {Threei} no idea jf
[10:50] {Threei} just observing to keep it in mind for the future plays
[10:51] {nemo} qs new highs
[10:51] {nemo} solid volume
[10:52] {Les} SNDA
[10:52] {_jfjf64} sndk
[10:53] {Threei} Long Setup: AIG .40 break
[10:53] {ese} out brcm .87 +.06
[10:53] {dino} vxx bstop to flat
[10:55] {Threei} stop under .30 AIG
[10:58] {dino} cov vxx .80, +.10
[11:02] {Les} OSIP
[11:03] {Les} NVDA .70 BREAK?
[11:03] {Threei} I doybt it
[11:03] {Les} .71 break
[11:03] {dino} hbc new lows
[11:05] {Threei} ARBA hit second target
[11:08] {nemo} volumes still strong.
[11:11] {Threei} VXX more downside... without me though
[11:11] {Threei} same for ARBA
[11:11] {Threei} nailed market reversal to the minute... underestimated the strength though
[11:11] {nemo} yeah, fcx woulda' been a nice one
[11:11] {Threei} very
[11:12] {nemo} might have a dt around .40
[11:12] {dino} good timing
[11:14] {dino} out athn .71, +.46
[11:14] {ese} that .40 brea aig still good
[11:14] {ese} break
[11:16] {Threei} nah
[11:16] {ese} tks
[11:16] {Threei} pullback to .20, yes, I'd be a buyer
[11:16] {nemo} got support at .25
[11:19] {ese} am lookin for that pull back too vad
[11:20] {Threei} doesn't want to
[11:20] {ese} nope
[11:20] {_jfjf64} nope
[11:20] {Threei} ANTH IPO opens for trading at $7.00 (7.10, 0.00, 0.00%)
[11:22] {_jfjf64} aig gonna pay us patience
[11:25] {ese} i think it should pullback to at least .40....that looks like a good buy point to me
[11:25] {_jfjf64} look at ya vxx pullbk
[11:25] {_jfjf64} missed it
[11:27] {fernp} F is happy today
[11:28] {fernp} and TM is not very happy :-)
[11:28] {nemo} fcx going for resistance again
[11:30] {dino} snda sm l .02
[11:35] {_jfjf64} c/h aig
[11:36] {nemo} if fcx breaks resistance likely to test the highs
[11:36] {Threei} Short Setup: TM .60 break half lot
[11:38] {nemo} stop .80?
[11:38] {Threei} .75 if sets up from here
[11:39] {dino} snda stop is .69 fwiw
[11:40] {_jfjf64} aig breakin dn
[11:40] {dino} stopped
[11:41] {Threei} market feels like reversing to the downside
[11:41] {Threei} unless it's a headfake
[11:41] {Threei} can't twell for now
[11:41] {Threei} tell
[11:42] {Threei} volume is not really indicative
[11:42] {Threei} shaped for a breakout first, then for breakdown, all within 30 min
[11:43] {dino} gut says drop coming
[11:43] {nemo} lunch coming
[11:43] {dino} that too
[11:43] {Threei} mine too
[11:43] {Threei} drop I mean, not lunch
[11:43] {Threei} good buy TM
[11:44] {Threei} lose .50 and dies
[11:44] {dino} vxx l .85
[11:44] {Threei} die
[11:47] {_jfjf64} aig
[11:49] {Threei} TM 1:1
[11:49] {Threei} scalpers be happy
[11:49] {Threei} the rest cover half
[11:49] {fernp} ty Vad
[11:49] {Threei} welcome
[11:50] {Threei} shapes up as a good day, despite morning rinse job
[11:53] {dino} vxx stopped -.11
[11:53] {dino} taking break
[11:56] {Threei} Obama Owes Harper 24-pack of Molson for Hockey Win
[11:56] {dino} thought it was yeugling
[11:59] {Threei} I guess patrotism makes Harper pick Molson
[11:59] {Threei} even though it's second to last beer I'd elect
[12:00] {Threei} (US) White House: To announce nominee to replace Fed's Kohn by the end of June
[12:00] {Threei} ***Note that earlier in the session, Fed Vice Chair Kohn said he would resign from Board of Governors when term ends, effective June 23. Kohn became a board member in 2002. Kohn's retirement will leave three open seats on the Fed's board.
[12:00] {Threei} 3 eh
[12:00] {Threei} people don't want to be Fed governiors anymore?
[12:01] {dino} snda rinsed
[12:02] {Threei} Market Internals update at 12:00pmET
[12:02] {Threei} - NYSE volume 385M shares, about 9% below its three-month average; advancers lead decliners by 5.3:1.
[12:02] {Threei} - NASDAQ volume 1.1B shares, about 17% above its three-month average; advancers lead decliners by 2.6:1.
[12:02] {Threei} - VIX index -0.75% at just over 19.00
[12:05] {dino} pwrd sm l .70
[12:08] {nemo} so market basically tracked sideways to the trend line instead of pulling back
[12:08] {Threei} Russian President Urges Sport Officials to Step Down
[12:09] {nemo} mmmhhhh....I see a wall in his future
[12:09] {Threei} reversal was short lived
[12:10] {Threei} enough to help TM hit 1:1, that's it
[12:10] {Threei} but I find it difficult to determine whether we break out from here or reverse
[12:10] {nemo} lunch time
[12:10] {Threei} most likely, we stay locked here, with headfakes in both directions
[12:10] {Threei} got for a break eitger way, get trapped
[12:11] {Threei} that's my working scenario
[12:11] {nemo} have to catch pullbacks in the range
[12:11] {Threei} right
[12:11] {Threei} fade fale breakouts is the only strategy I'd try here
[12:11] {Threei} fake
[12:11] {nemo} ?
[12:11] {nemo} you mean fade failed breakouts?
[12:12] {Threei} fade fake
[12:12] {nemo} fade fake breakouts
[12:12] {Threei} right
[12:12] {nemo} fading a failed fake breakout is actually taking the break?
[12:12] {Threei} yes
[12:12] {Threei} which is not what I call for
[12:12] {nemo} might wnat to short fcx here then
[12:13] {nemo} I feel like the little guy in the princess bride trying to figure out if the drink is poisoned
[12:15] {dino} lol
[12:15] {nemo} see that movie Les?
[12:22] {Threei} one stock that irritaes me for a week straight... EAVX
[12:22] {Threei} WAVX
[12:23] {dino} pretty good move on it
[12:23] {Threei} ever since it broke 3...
[12:23] {Threei} day after day, can't find an entry on it
[12:25] {nemo} Think the market legs up again after lunch?
[12:26] {Threei} anyone's guess
[12:34] {Threei} keep an eye on AIG for bounce scalp
[12:35] {_jfjf64} on it
[12:35] {Threei} .35 long
[12:35] {nemo} x
[12:35] {Threei} just a scalp
[12:36] {Threei} exit above .40
[12:38] {nemo} whaddya think about rimm bounce?
[12:39] {Threei} starting liking X for a break...
[12:39] {Threei} RIMM, yes, just a little xconsolidation
[12:40] {nemo} only thing about X is R3 pivot resistance is at .59
[12:45] {Les} what are we in Vad?
[12:46] {Threei} everything is discretionary at this point
[12:46] {dino} bowl of soup
[12:46] {Threei} I personally am in AIG
[12:46] {Les} .35?
[12:46] {Threei} yes
[12:47] {Les} dino, you looking at anything?
[12:47] {Threei} dino} yes - bowl of soup
[12:47] {Les} sorry, forgot its lunch time
[12:48] {dino} in pwrd at .70 sm l
[12:48] {dino} want .10
[12:54] {nemo} aig holding well in this pullback
[12:56] {Threei} the biggest challenge is not to fall asleep... not to break the keyboard with my chin... not to break the chin with desk...
[12:56] {nemo} not to break the floor with your head
[12:58] {Threei} fiiiinally
[12:58] {Threei} out
[12:59] {Threei} took its sweet time but reinforced the profit
[13:03] {_jfjf64} vad vxx
[13:04] {Threei} I sewe no play there jf
[13:05] {Threei} you did AIG?
[13:05] {_jfjf64} y
[13:05] {Threei} out already?
[13:05] {Les} out .45 +.10 AIG thank you
[13:05] {Threei} :)
[13:06] {dino} scok
[13:06] {Threei} no way
[13:06] {dino} wide
[13:06] {Threei} 70 cents spread
[13:06] {Threei} that's too much even for you
[13:07] {dino} rose
[13:07] {dino} pwrd .96 has been wall
[13:10] {dino} bxs thinking range play, .80 to .90s
[13:13] {Threei} wow AIG
[13:16] {dino} just think if they sell off everything they would trade at 100 i guess
[13:18] {Threei} hehe
[13:19] {ese} well i gotta go....see you tomorrow
[13:20] {_jfjf64} see ya
[13:20] {Threei} take care ese
[13:21] {dino} cya
[13:24] {dino} mdvn
[13:26] {Threei} NYT Hearing chatter of possible going-private transaction
[13:26] {Threei} - Hearing offer in $18-20/shr range (11.31, +0.37, 3.38%)
[13:29] {Threei} nice move
[13:29] {Threei} momo
[13:35] {nemo} what's with amzn today?
[13:37] {_jfjf64} anythin on ya rader
[13:37] {Threei} BRK.B
[13:46] {Les} BXS stuck at 20
[13:48] {Threei} BRK.B is momo-looking
[13:48] {nemo} A warren buffet momo stock...have a hard time getting my head around that
[13:48] {Les} He's playing the Wall St. game...
[13:49] {Les} s SNDA .99
[13:49] {_jfjf64} and what is that les
[13:49] {_jfjf64} lol
[13:50] {Les} oh piss off jf, one Vad in this room is enough
[13:50] {Les} :)
[13:50] {Threei} enough? I thought too much {G}
[13:50] {_jfjf64} lol
[13:50] {nemo} x at highs
[13:51] {_jfjf64} comon vad need lk a 20 cent move my friend
[13:51] {Threei} I see plenty of those
[13:51] {Threei} problem is, you want one in your favor...
[13:52] {_jfjf64} yes
[13:52] {nemo} x broke
[13:52] {Threei} BRK.B is likely to bounce of .55 roughly
[13:53] {Threei} X, .40 - .45 is zone of interest
[13:54] {_jfjf64} on puulbk of course
[13:54] {Threei} let's watcyh as they pull back, I'll try to alert
[13:54] {Threei} ACAS Discloses not in compliance with certain convenants of unsecured debt obligations - annual filing (4.17, -0.13, -3.02%)
[13:56] {Threei} "public accounting firm concluded in its report dated March 1, 2010 regarding those consolidated financial statements, that there is substantial doubt about our ability to continue as a going concern as a result of not being in compliance with certain covenants under our Unsecured Debt Obligations and receiving event of default notices from the holders of such obligations and being below the 200% asset coverage ratio under the 1940 Act, which impacts our ability to issue new debt. Our consolidated financial statements do not include any adjustments to reflect the possible future effects on the recovery and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. "
[13:57] {Threei} substantial doubt about our ability to continue as a going concern
[13:57] {Threei} why is it not couple bucks lower still?
[13:57] {Les} was gonna say. only 10%
[13:57] {Les} no blood yet
[13:58] {Threei} seriously... what do I miss?
[13:58] {Threei} just news hasn't disseminated widely enough yet?
[13:58] {Les} well I ain't gonna reply. I know you or jf will give me an ear full
[13:58] {Threei} we will even if you don't rweply
[13:59] {Threei} this looks like short to me
[13:59] {dino} here it goes
[13:59] {_jfjf64} ???
[13:59] {Threei} TM Reported informs US dealers about a possible oil hose leak on nearly 1M (73.23, -1.60, -2.14%)
[14:00] {Threei} oh boy... this will never end
[14:00] {Les} s ACAS .14. stop .21
[14:01] {Les} half out .05
[14:02] {Threei} should lose 4 now
[14:02] {Les} aaaaah yeh
[14:02] {dino} gj les
[14:02] {_jfjf64} piss off les
[14:02] {dino} acas, is that the one einhorn wrote about?
[14:02] {_jfjf64} lol
[14:03] {_jfjf64} gj
[14:03] {Les} :D
[14:04] {Threei} seriously strange one
[14:04] {dino} seriously, should have dropped to 2
[14:04] {Threei} exarly
[14:04] {Les} yes am surprised
[14:04] {Threei} this kind of news looks quite straightforward
[14:05] {_jfjf64} exarly
[14:05] {Threei} doesn't lewave much room for playing around
[14:05] {strider} It will drop.....I've watched it for years.
[14:05] {Threei} it's a "get out NOW" call
[14:05] {strider} Thanks for the heads up, by the way. I was long 1k in another account.
[14:05] {dino} s .00
[14:05] {Threei} always
[14:06] {_jfjf64} watch x
[14:07] {Les} you were long ACAS strider?
[14:07] {strider} yes.
[14:10] {Les} out -.03 SNDA. looking at it long if it continues to hold here
[14:12] {Les} out flat ACAS.
[14:12] {Les} 2nd half
[14:13] {nemo} brk.b breaking
[14:14] {dino} stopped acas
[14:15] {strider} According to my -shem--stock broker at WF, the statement by the acctng firm is one they pretty much have to doesn't mean the end of the world.
[14:16] {strider} ahem
[14:18] {Threei} NYT Carlos Slim denying interest in possible going private transaction - CNBC
[14:18] {Threei} - NYT: We do not comment on market rumors (11.42, +0.48, 4.39%)
[14:19] {Threei} substantial doubt about our ability to continue as a going concern as a result of not being in compliance with certain covenants under our Unsecured Debt Obligations
[14:19] {Threei} doesn't sound to me like anything "ordinary"
[14:20] {strider} No, it's not. But they've been in this situation for more than a year.
[14:20] {Threei} ok... so stock will drop only when doubt materializes, so there is no more doubt :)
[14:22] {strider} So., all of a sudden you're a believer in a rational market? :)
[14:22] {Threei} crao... I knew something was horribly wqrong with me today
[14:23] {dino} definitely not standard issue
[14:24] {strider} Well, at least you haven't been stung by a spelling bee.
[14:24] {dino} sm l swm .11
[14:24] {Threei} oh, those die in my proximity
[14:24] {Threei} 3 yards arund me is a death zone for them
[14:27] {dino} athn
[14:29] {Threei} Freescale Semiconductor requests ITC investigation into Integrated Circuits, Chipsets, and Products Containing Same Including Televisions, Media Players and Cameras
[14:31] {dino} athn sm l .80
[14:35] {_jfjf64} vad x .50 break ya lk
[14:38] {Threei} only if market jumps
[14:38] {Threei} don't wasnt to buy break into market retreat
[14:38] {nemo} dow and s&p volumes have dropped off
[14:38] {Threei} too big chance of a trap
[14:38] {nemo} especially because it climbed so much today already
[14:39] {_jfjf64} ty
[14:47] {Threei} (GR) Greece PM has reportedly requested a cabinet meeting for Wednesdy to discuss decisions regarding the economy
[14:49] {_jfjf64} watchin x
[14:51] {Threei} HUM Hearing weakness attributed to Medicare Payment Advisory Commision recommending Govt cut payments to private insurers (46.96, -0.37, -0.78%) (related CVH AET UNH CI HNT )
[14:51] {Threei} AET drop too
[14:52] {Threei} - offered non binding proposals for the Govt to cut payments to private insurers who offer coverage (Medicare advantage) to levels it pays when Medicare pays providers directly
[14:52] {_jfjf64} brk/b 5 minchart
[14:52] {dino} snda app lod
[14:53] {Threei} I'd see to short it jf
[14:53] {Threei} either .25 break
[14:53] {_jfjf64} ty
[14:53] {Threei} or closer to .50 if it goes there
[14:54] {nemo} 50 ma is at .26
[14:54] {Threei} .25 trigger will have .35 - .40 zone as a stop
[14:54] {Threei} broket it, became aggressive short ln fiorst weakness
[14:54] {Threei} if stays under day high
[14:54] {Threei} .40 loss is a trigger
[15:02] {Threei} no go
[15:02] {fernp} yeah
[15:02] {_jfjf64} .52 long .25 short
[15:02] {_jfjf64} no go
[15:03] {nemo} ha pretty good support at .30 too
[15:03] {Threei} Some US states considering the ban on credit checks for job seekers - USA Today (related FICO )
[15:07] {Threei} VXX
[15:07] {Threei} .75 long
[15:09] {Threei} no go
[15:09] {Threei} shrug
[15:09] {Threei} this is meanignless
[15:09] {Threei} morning trades, that's it
[15:10] {Threei} everything after that is grind
[15:10] {_jfjf64} done see all tommorrow
[15:10] {Les} ciao
[15:10] {fernp} bye jf
[15:10] {billyc} cya jf
[15:13] {dino} cya jf
[15:15] {nemo} tight range since 11
[15:15] {Threei} (EU) Germany and France outline proposals for increased monitoring of financial performance of Euro Zone member states - Der Spiegel
[15:15] {Threei} - The German and French Finance Ministries have developed a draft plan that would significantly strengthen financial policy cooperation in the EU. The plan calls for increased monitoring of individual member states' competitiveness so that action can be taken early on should problems emerge.
[15:15] {Threei} - States which have pegged their currencies to the euro -- like Denmark or the Baltic countries -- will likewise be monitored.
[15:15] {Threei} - The plan also calls for the European Commission to ensure that the euro group spends more time addressing the finances of its member states. In particular, the paper demands that euro group finance ministers "take more time for candid and serious discussions on the goal of a functioning currency union."
[15:16] {nemo} you up off the floor yet vad?
[15:17] {Threei} why
[15:17] {nemo} laughing too hard at the euro goons
[15:17] {Threei} we know they are trying to jawbone this
[15:17] {Threei} good luck to them
[15:18] {Threei} the longer they try to prop this construct the harsher consequences will be when it finally collapses
[15:19] {dino} i agree
[15:19] {dino} and i think the weak countries have the upper hand
[15:20] {Threei} yes, and if ou look at this last piece,
[15:20] {Threei} this is an attempt by stronger ones to build some control
[15:20] {nemo} so...Greece is too big to fail?
[15:20] {Threei} which again is not really workable solution
[15:20] {dino} which will not happen w/sovergn nations
[15:20] {Threei} nope
[15:21] {Threei} sooner or later the burden on strong ones will overcome all politics
[15:21] {Threei} and when they shrug this burned off Euro is done
[15:21] {nemo} fcx might be building right side of inverted H&S
[15:21] {Threei} burden
[15:21] {dino} when the tide goes out nemo, they are all naked
[15:22] {nemo} bad visual
[15:22] {dino} the countries w/highest greek exposure are the same countries that the germans and french have the highest exposure to, so domino theory
[15:23] {dino} it is bear sterns (if they act) or lehman (no action) all over again
[15:23] {dino} they will act imo
[15:23] {fernp} Good evening everybody. See you all tomorrow
[15:23] {nemo} fas hitting serious resistance
[15:24] {Threei} yes but result will be the same
[15:24] {Les} ciao fern
[15:24] {Threei} take care fern
[15:24] {dino} cya fern
[15:26] {dino} when i grow up....
[15:26] {dino} i'm going to make food that all kids will like
[15:27] {dino} darn snda wanted .15 went too fast
[15:30] {Threei} Market Internals update at 3:30pmET
[15:30] {Threei} - NYSE volume 710M shares, about 11% below its three-month average; advancers lead decliners by 4.4:1.
[15:30] {Threei} - NASDAQ volume 2.02B shares, about 15% above its three-month average; advancers lead decliners by 2.4:1.
[15:30] {Threei} - VIX index flat to just over 19.50
[15:36] {dino} snda sm l .13
[15:40] {dino} out snda .53, +.40
[15:40] {Threei} wtg
[15:40] {Les} nice
[15:40] {Les} obscene, but nice...
[15:40] {dino} thx
[15:42] {dino} wow .80s
[15:42] {nemo} stopped right at the 200 ma
[15:50] {Threei} this market's ability to stay in such narrow range for the most of the day is quite amazing
[15:51] {dino} every afternoon for months it seems
[15:51] {Threei} yes
[15:55] {dino} out pwrd +.09
[15:57] {Threei} okay guys, thank you all
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {billyc} see you guys tomorrow
[15:57] {Les} you too, thanks