RealityTrader Trading Log

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

Labels: , , , , , ,

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

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