Tuesday, June 16, 2009

Jun 16 2009

Many setups formed but never triggered; couple that did worked for scalps.And then there was MTXX to make life interesting

Session Time: Tue Jun 16 00:00:00 2009

[08:22] {_levelseven} EMKR perky
[08:25] {Threei} EMCORE Corporation Awarded $5M Solar Panel Manufacturing Contract for NASA''s Global Precipitation Measurement Mission
[08:25] {Threei} - The contract, valued at approximately $5M, will be managed by MEI Technologies, Inc. for the NASA Goddard Space Flight Center (GSFC).
[08:25] {Threei} - The Global Precipitation Measurement (GPM) mission is one of the satellite-based science missions studying global precipitation, including rain, snow, and ice. The launch of the spacecraft is presently scheduled for summer of 2013.
[08:25] {Threei} - The GPM spacecraft solar arrays will be powered by EMCORE''s latest generation, 30% efficiency class ZTJ multi-junction solar cells.
[08:25] {Threei} - Production of the solar cells and panels will take place at EMCORE''s state-of-the-art manufacturing facilities located in Albuquerque, New Mexico.
[08:30] {nemo} what i miss?
[08:36] {vinod} good morning
[08:36] {Threei} nemo, vinod :)
[08:38] {Threei} SQNM trying to build consolidation
[08:38] {Threei} MAY HOUSING STARTS: 532K V 485KE; BUILDING PERMITS: 518K V 508KE
[08:38] {Threei} MAY PRODUCER PRICE INDEX M/M: 0.2% V 0.6%E; PPI EX FOOD&ENERGY: -0.1% V 0.1%E
[08:40] {Threei} SPPI had to go ahead and post news of some dilution
[08:46] {Threei} EMKR pulled back some
[08:54] {_levelseven} 3i, is there a way to keep Mibbit "on top" so it doesnt get replaced every time I click another window?
[08:55] {Threei} yes but it's about keeping browser itself on top
[08:55] {Threei} there is a freeware somewhere that does that
[08:55] {_levelseven} maybe ill switch over to IRC
[08:55] {Threei} I use mirc so don't have it but easy to search
[08:59] {Threei} SQNM daily feels like thing is building up for the murdering shorts
[08:59] {_levelseven} ?
[08:59] {Threei} which part? :)
[09:00] {_levelseven} to kill or for benefit of shorts?
[09:00] {Threei} to kill
[09:00] {Threei} maim
[09:00] {Threei} dstroy
[09:04] {Threei} MS Reportedly expects to repay TARP money this Tuesday
[09:04] {Threei} (RU) Russian Energy Min: no threat to oil output declining
[09:04] {nemo} what does that mean?
[09:05] {Threei} well... make your choice between:
[09:05] {Threei} 1. oil output is safe
[09:05] {Threei} 2. we are not going to threat with decline, we will just diminish it if needed
[09:07] {KSystems} Good morning!
[09:07] {Threei} KS :)
[09:08] {nemo} Gruess Gott
[09:10] {KSystems} Grues Gott?
[09:10] {KSystems} thats the wrong corner
[09:10] {nemo} Ich weiss
[09:10] {nemo} geht doch?
[09:11] {fernp} good morning all
[09:11] {nemo} fern
[09:11] {dino} gm all
[09:11] {KSystems} I'd compare it to yelling "Howdy, Cowboy" to a Canadian
[09:11] {Threei} fern, dino :)
[09:12] {_levelseven} that $5 sqnm seller persistent
[09:13] {fernp} l7 you can download keepontop utility from here http://www.delayedreaction.com/freestuff/keepontop.zip
[09:13] {dino} fem?
[09:13] {fernp} allows you to keep MBBIT window on top of all the rest
[09:13] {_levelseven} hey, thanks alot fernp
[09:14] {KSystems} any1 out there who's using mibbit and would like to switch to mirc?
[09:14] {_levelseven} now i can keep pretending i know how to speak many foreign languages
[09:14] {fernp} :)
[09:14] {dino} genz blood
[09:16] {ese} morning
[09:18] {jfjf64} mornin all
[09:19] {ese} jf
[09:19] {jfjf64} ese
[09:19] {Threei} ese, jf :)
[09:20] {ese} GENZ dino.....first thing tha pops up for me this morning -4.57
[09:20] {ese} hey vad
[09:21] {nemo} WASHINGTON (AP) -- Industrial production tumbled more than expected last month as the recession crimped demand for a wide range of manufactured goods including cars, machinery and household appliances.
[09:21] {nemo} The Federal Reserve's report shows production at the nation's factories, mines and utilities fell 1.1 percent in May and has declined for seven straight months. Output also turned out to be a bit weaker -- a 0.7 percent decline-- in April than the Fed initially reported.
[09:21] {nemo} The 1.1 percent drop in May was the deepest since a 1.8 percent plunge in March.
[09:21] {nemo} story came across @ 9:17
[09:23] {dino} es re:genz, on it
[09:28] {Threei} watching EMKR for possible pop after open
[09:30] {Threei} .55 break
[09:30] {Threei} long for scalp
[09:30] {Threei} stop under .50
[09:31] {Threei} invalidated
[09:31] {ese} L sm genaz.00
[09:32] {ese} out genz.22
[09:32] {magoo} morn
[09:32] {Threei} magoo :)
[09:32] {ese} whoa
[09:32] {ese} +.22
[09:33] {ese} 1'2 lot
[09:33] {Threei} Long Setup: SQNM .90 break if styas above .85
[09:33] {Threei} oops... broke while I typed
[09:33] {ese} basically 2 clicks of the mouse within seconds
[09:35] {nemo} emkr building support
[09:35] {ese} higher lows dino.....gonna try .00 again
[09:36] {Threei} Goldman Sachs Cheif Economist: There are clearly "green shoots" in many countries, but still sees potential for market correction over next several weeks
[09:36] {Threei} can they stop using this term?
[09:37] {nemo} I was just going to say that
[09:37] {Threei} JAZZ sharp selling
[09:37] {Threei} no news that I see
[09:37] {_levelseven} emkr, make up ur mind
[09:37] {ese} l genaz .90
[09:37] {ese} genz
[09:38] {ese} agressive entry
[09:38] {ese} 1/2 lot
[09:38] {Threei} RMBS
[09:39] {Threei} SQNM is back in trigger
[09:39] {Threei} .92 worth a try
[09:39] {Threei} same condition
[09:40] {dino} pnra sm l .75
[09:41] {ese} out genz out genz.15
[09:42] {ese} +.25
[09:42] {ese} kinda like dive dive dive!!!
[09:43] {Threei} American Bankers Assoc (ABA): unemployment in US to peak at 10% and will stay above 9.5% throughout 2010; expect recession to end in Q3 2009; see US GDP over 3% by 2H 2010
[09:43] {dino} gj es
[09:44] {Threei} invalidated SQNM
[09:44] {ese} tks......if i had your nerve i'd still be in there
[09:45] {Threei} Long Setup: RMBS .30 break
[09:45] {Threei} stop under .20 or .15, both are valid
[09:45] {dino} stec
[09:46] {Threei} IMMU Reports New Antibody for Pretargeted Imaging and Therapy of Colorectal Cancer (2.55, 0.15, 6.25%)
[09:46] {Threei} RMBS invalidated
[09:46] {Threei} what the deuce
[09:46] {nemo} qs and spy climbing too
[09:46] {Threei} no trade will set up
[09:47] {vinod} movement are weird
[09:48] {ese} l genz .51
[09:48] {ese} 1/2
[09:49] {ese} out .74
[09:49] {nemo} go home ese
[09:49] {ese} +.23
[09:49] {fernp} gj ese
[09:50] {Threei} STEC lost its mind
[09:50] {_levelseven} emkr back
[09:50] {ese} tks......
[09:51] {ese} to tired to do anything yesterday.....feel fine today
[09:51] {_levelseven} emkr hod
[09:51] {jfjf64} gj ese
[09:53] {ese} tks
[09:54] {dino} pnra stopped -.27
[09:55] {nemo} genz pulling back ese
[09:55] {ese} will take a look
[09:56] {ese} am following drys
[09:56] {Threei} I don't even know what to follow
[09:56] {Threei} everything seems to be totally random and disconnected
[09:56] {ese} it does seem very ramdon this morning vad
[09:57] {Threei} hey, I;'ve got an idea
[09:57] {nemo} options expiration week?
[09:57] {Threei} I'll follow you ese
[09:57] {nemo} play a flute ese?
[09:57] {ese} nope!
[09:57] {ese} in music school
[09:57] {nemo} Pied Piper
[09:58] {dino} apkt
[09:58] {ese} woodwind techniques........prof told me he was gonna pass me just so that he'd never have to see me in his class ever again
[09:59] {ese} i took that as a sign for playing a woodwind instrument
[09:59] {Threei} STEC, this is a joke or what, lol
[09:59] {_levelseven} emkr barely made nhod
[09:59] {Threei} stock was under 5 earlier this year
[09:59] {jfjf64} lzb s trigger .19
[10:00] {dino} raised guidance by 40%
[10:00] {Threei} not enough enthsiasm for me, l7
[10:00] {ese} stec dino?
[10:00] {jfjf64} invalid
[10:00] {dino} yes 20 to 32 cents, revs. raised from 70m to 82 m
[10:01] {ese} anybody in stec
[10:01] {_levelseven} emkr getting enthusiastic
[10:01] {ese} nice 4 bill move there
[10:01] {dino} no
[10:03] {Threei} yeah
[10:03] {Threei} well, I misdjudge tem today
[10:03] {magoo} RMBS bounce time imo
[10:04] {ese} rats.....took a look at stec and missed pullback in drys
[10:04] {magoo} u reading RIMM boss?
[10:05] {ese} weird feeling day
[10:05] {Threei} not sure mags
[10:05] {jfjf64} tsl wow
[10:07] {Threei} Long Setup: RMBS .85 break
[10:07] {Threei} stop under .80 or .75
[10:14] {Threei} Analysts at Morgan Stanley comment on current equity run
[10:14] {Threei} - State markets need a 'v' shaped recovery to sustain any further equity rise
[10:14] {Threei} - Analysts do not see 'v' shaped recovery, next equity move likely to be more down than up
[10:14] {Threei} - Equity rally does not represent true beginning of new bull market
[10:14] {Threei} that's 4th setup invalidated
[10:15] {jfjf64} got stopped
[10:15] {magoo} to bad we didnt short it a point ago lol
[10:16] {nemo} snda up big
[10:17] {nemo} genz ese
[10:18] {Threei} PALM
[10:19] {ese} hey nemo......
[10:19] {nemo} you
[10:19] {nemo} yo
[10:19] {ese} sorry wasn't wathing it
[10:19] {nemo} np
[10:20] {ese} who knows though with the way the market is yo yoing around
[10:21] {ese} i think i'm barking up the wrong tree with drys.....doesn't want to do anything
[10:22] {_levelseven} stocks trading like its lunch time
[10:23] {ese} i like the levels that fitb is heading for.......
[10:23] {magoo} hows volume?
[10:23] {Threei} pitiful
[10:23] {vinod} market need help for direction
[10:24] {magoo} we close up or down yesterday?
[10:24] {ese} up
[10:24] {ese} no dn
[10:24] {dino} shld sm l .00
[10:24] {Threei} Long Setup: SAY .05 break if stays above 4
[10:25] {magoo} SAY it aint so.....
[10:26] {Threei} 1:1 for scalpers
[10:27] {Threei} frikin PALM
[10:27] {Threei} started typing alert .90 break when it pulled back,
[10:27] {Threei} it jumped to .97 in a blink
[10:27] {Threei} so I dropped it
[10:33] {Threei} EMKR gaining speed
[10:33] {_levelseven} emkr
[10:33] {_levelseven} too bad not getting much in pb's
[10:36] {_levelseven} palm have anopther bounce?
[10:37] {Threei} if market reverses up
[10:37] {Threei} it's not following market exactly, but does need directional support at the given moment
[10:40] {Threei} (FR) French Pres Sarkozy; There was fraud in Iranian election (related USO )
[10:41] {dino} shocking
[10:41] {Threei} BRIC countries: agree that world needs a more diversified financial system
[10:41] {_levelseven} emkr tiny ps'b, staying near hod = frustrating
[10:42] {dino} titn l .20
[10:44] {_levelseven} in emkr 64
[10:44] {Threei} here is better EMKR pullback
[10:45] {magoo} RMBS heads to break 19
[10:45] {magoo} pos tho
[10:45] {_levelseven} i hated trading rmbs years ago..wont touch it
[10:47] {ese} know what you mean.......mags has been trying to coach me through rmbs and aapl but both of them beat the crap out of me
[10:47] {magoo} HUH?? i NEVER TRADE RMBS
[10:47] {ese} and rimm as well
[10:47] {dino} same here
[10:47] {magoo} its vads
[10:48] {ese} rimm and aapl then mags
[10:48] {magoo} rimm..aapl yes
[10:48] {magoo} u making up stories lol
[10:48] {ese} ya can lump rmbs in with that lot as far as i'm concerned
[10:49] {Threei} Long Setup: MGM .90 break if stays above .85
[10:49] {magoo} in
[10:53] {Threei} US Economist Roubini forecasting an end to US recession in late 2009, with subsequent anemic growth
[10:53] {Threei} - Sees risks of a 'double dip' recession in 2010; deflationary pressures for next two year
[10:55] {Threei} lol ALXA
[10:55] {Threei} what woodwork do these things come from
[11:00] {Threei} can trail MGM to .87 if feel very stingy
[11:01] {ese} boy.....these goof balls do tend to come out of the woodwork don't they
[11:01] {dino} sm l ctrp .65
[11:01] {ese} jf....you heading to blackpage to catch any of the practise rounds?
[11:02] {Threei} UPS CEO: There can be no economic recovery without global trade
[11:02] {dino} hwkn
[11:02] {dino} thin
[11:02] {Threei} what's his point?
[11:02] {dino} algt blood
[11:02] {magoo} cramer says rimm reports tonite, yahoo had it as thurs..anyone know?
[11:03] {Threei} MGM next spike is coming
[11:03] {Threei} 1:1
[11:03] {ese} you going after that one dion
[11:03] {Threei} half out or scalp, your choice
[11:03] {dino} rimm wed.
[11:03] {ese} dino....dion hmmmmmmm i like it
[11:05] {dino} not yet e(ra)ser
[11:05] {Threei} NY Fed: Purchased $3.65B in $300B outright coupons purchase; Dealers submitted $31.3B for consideration (bid to cover )
[11:05] {Threei} - Heaviest purchase was $ for the maturity
[11:05] {Threei} - Note: avg bid to cover for prior four auctions is 3.26
[11:05] {dino} 35 strike area
[11:06] {Threei} Heaviest purchase was $5.95B for the 06/15/12 maturity
[11:07] {nemo} RIMM reports Thursday after market close
[11:09] {Threei} stop to .89
[11:11] {Threei} ESLR awake
[11:12] {Threei} MTXX Reportedly gets FDA warning letter related to Zicam cold medicine - unconfirmed report
[11:12] {Threei} - FDA nots that Zicam may cause users to loose their sense of smell. (18.71, -0.53, -2.75%)
[11:13] {Threei} depending on location, could be a good thing
[11:14] {dino} mtxx
[11:15] {magoo} news vad MTXX
[11:15] {Threei} ??
[11:15] {magoo} crashing
[11:15] {Threei} lift your eyes 2 lines
[11:16] {magoo} OOPS he he SORRY
[11:16] {_levelseven} blood bath
[11:16] {Threei} down 2 bucks since my post
[11:16] {Threei} I mean 3
[11:16] {_levelseven} anyone try a short?
[11:16] {Threei} I mean 4
[11:16] {dino} bottom?
[11:17] {nemo} just wear a parachute in case
[11:18] {dino} clmt drop
[11:18] {dino} thin
[11:19] {_levelseven} ouch
[11:20] {_levelseven} hello disaster
[11:20] {Threei} you know Imeant 5, right?
[11:21] {magoo} make a call lol
[11:21] {KSystems} in
[11:21] {dino} 12.50 52 week low
[11:22] {_levelseven} MTXX drug would be effective if you frequented the places 3i does
[11:22] {magoo} holy crap there
[11:22] {dino} in v sm 12.50
[11:22] {magoo} DO NOT make a call lol
[11:22] {nemo} you meant 7 right?
[11:22] {magoo} ill take it and get recto-mized
[11:22] {nemo} 60 grit no vaseline
[11:23] {magoo} blood as lube
[11:23] {nemo} That's an nc-17 rated stock
[11:24] {_levelseven} if this was eod, what a fun trader MTXX would be after hours
[11:24] {Threei} I lost count... was it 8?
[11:24] {_levelseven} its going to .01
[11:24] {magoo} i wish vad after news post called it short smsall
[11:24] {magoo} small
[11:25] {magoo} make your day on 100 shares
[11:25] {_levelseven} big bounce
[11:25] {magoo} i missed his news
[11:25] {nemo} It's like watching a bad accient, better look at other stocks
[11:25] {nemo} accident
[11:26] {ese} signing off for an hour and a bit ......gota teach a class....
[11:28] {fernp} bye es
[11:29] {_levelseven} new lo geez
[11:30] {Threei} Tuesday, June 16, 2009 11:25:55 AM
[11:30] {Threei} Matrixx Initiatives Inc. Follow up: FDA says new warning only applies to Zicam nasal products
[11:30] {Threei} - the company's "flagship product" is its Zicam Nasal gel
[11:30] {_levelseven} in 9
[11:31] {_levelseven} out 9.30
[11:31] {nemo} nice
[11:32] {dino} gj
[11:32] {nemo} an ese scalp
[11:33] {magoo} jesus...and u guys think RIMM is bad? lol
[11:33] {magoo} looks like turtle to this
[11:34] {dino} halt
[11:34] {Threei} smelt like that
[11:35] {_levelseven} halted?
[11:35] {Threei} yup
[11:35] {_levelseven} why dont they halt b4 the news??
[11:35] {_levelseven} theifs
[11:37] {Alert} 06/16/2009 11:34:24 MTXX Matrixx Initiatives Inc N T1 Trading is halted pending the release of material news.
06[11:37] * Threei slaps Alert around a bit with a large trout
06[11:38] * Alert slaps Threei around a bit with a large salmon
[11:38] {Threei} siogh... phantoms are too real
06[11:39] * nemo slaps Threei around a bit with a large sturgeon
[11:39] {Threei} oh it's Tuesday
[11:39] {nemo} hey, look what I found:
06[11:39] * nemo slaps Threei around a bit with a large coelecanth
06[11:39] * magoo slaps Threei around a bit with a large trout
06[11:39] * magoo slaps Threei around a bit with a large trout
[11:40] {nemo} fish guts everywhere
[11:40] {Threei} and then I wonder why I get e-mails from fishermen asking what products our site has to offer
[11:40] {Threei} Prez on TV
[11:40] {Threei} which reminds me
[11:40] {nemo} guy's a regular shrinking violet
[11:40] {Threei} http://www.youtube.com/watch?v=ewmruk69SIo
[11:41] {nemo} very funny
[11:41] {KSystems} i wonder what would happen if he went to complain about losing his sense of smell in the middle of his speech
[11:41] {jfjf64} palm .25 break
[11:45] {magoo} u tube too funny vad
[11:45] {Threei} and isn't it true
[11:46] {magoo} yea, first time i ever agreed with bill
[11:47] {Threei} he is smart and funny... just too left
[11:47] {magoo} his burger bush FUNNY
[11:47] {Threei} which makes this tape even more rem arkable
[11:47] {Threei} yeah, lol
[11:48] {Threei} this is NORAD, don't order burgers in the RED phone
[11:48] {magoo} yea..no one goes after lord obama..the next saint
[11:48] {magoo} i'm the president..bRING ME A BURGER lol
[11:50] {Threei} vigorous pursuit of demilitarization
[11:50] {Threei} uh oh
[11:52] {wulff} ditto maggo about Bill
[11:52] {wulff} first time
[11:54] {magoo} sometimes i cant even watch him
[11:54] {magoo} try and turn off
[11:56] {_levelseven} forgot to post earlier..short MTXX large 19.22
[11:56] {nemo} hahahaha
[11:57] {magoo} seriously?
[11:57] {_levelseven} 3i, where should my stop be?
[11:57] {nemo} mags 19.22 was hod
[11:57] {Threei} 19.23 l7
[11:57] {_levelseven} thx
[11:57] {nemo} more taurine excrement than a barnyard
[11:57] {nemo} mags, this is the guy that speaks all those languages
[12:05] {Threei} Reportedly US Treasury will not proposes new insurance industry oversight, may propose an "information agency" - unconfirmed report (related XLF )
[12:05] {Threei} strange
[12:05] {Threei} something won't get oversight? no tsar?
[12:06] {patience} probably an agency set up to employ ex-bankers vad
[12:23] {nemo} spy and qs double bottoming?
[12:23] {Threei} no indication wither way yet
[12:24] {nemo} just bringing it up incase somebody just woke up like I did
[12:30] {Threei} (US) House Majority Leader Hoyer (D): Expects the House to examine financial regulatory overhaul legislation in late July or early fall (related XLF )
[12:40] {Threei} PPHM Presents Phase I data showing Cotara delivers more radiation to brain tumors than to other normal organs
[12:40] {Threei} - Peregrine Pharma researchers will present data at the SNM 2009 Annual Meeting showing that its bra... (0.96, 0.06, 6.67%) more...
[12:50] {magoo} RIMM interestuing vad
[12:51] {Threei} feel slike catching falling knives mags
[12:51] {Threei} and we already had falling piano today
[12:53] {magoo} wee did?
[12:53] {Threei} MTXX?
[12:54] {magoo} oh..forgot
06[12:56] * magoo slaps laserdave around a bit with a large trout
06[12:56] * magoo slaps laserdave around a bit with a large trout
06[12:56] * magoo slaps laserdave around a bit with a large trout
[12:57] {dino} -4% dji, ndx, s/p since thursday
[13:05] {laserdave} thanks goober
[13:05] {magoo} anytime:)
[13:06] {ese} back
[13:06] {ese} man......what have you people done to the market since i left......
06[13:08] * KSystems slapped market around a bit with a few large drumsticks
[13:08] {ese} was going up but noooooooo.....thats not good enough for ya ehhhhhhh
[13:10] {ese} What happened...did Bernackers open his big mouth again?
[13:12] {Threei} no
[13:12] {Threei} US Auto Task Force: Noplans to provide auto suppliers wiht new aid - unconfirmed report
[13:12] {Threei} Reminder: Fed Governor Kevin Warsh scheduled to speak on economic policy at 1:15pmET
[13:12] {Threei} - an advanced text and audience Q&A are expected
[13:15] {Threei} Fed's Warsh: Unemployment will remain higher than previous economic downturns; must not pursue legislation that goes too far
[13:20] {Threei} Morgan Stanley Exec Roach: We have not entered a major crisis for the USD, financial markets are 'giddy' - CNBC (related EUR/USD XLF )
[13:20] {Threei} giddy?
[13:22] {Threei} SBUX WSJ: Planning to revamp brewing procedures as part of restructuring (13.93, -0.19, -1.35%)
[13:22] {Threei} huh?
[13:23] {nemo} gonna' reuse the coffee grounds
[13:23] {Threei} rofl
[13:23] {ese} good one nemo....too funny that crack
[13:24] {nemo} broken clock...
[13:24] {jfjf64} what goin on today
[13:24] {Threei} I hate their coffee as it is
[13:24] {nemo} me too
[13:24] {jfjf64} gonna hv to get day job
[13:24] {Threei} strange day jf - 6 calls,
[13:25] {ese} i like it........especially with a hypodermic needle
[13:25] {Threei} 4(!) invalidfated before triggering,
[13:25] {Threei} 2 triggered and worked for scalps
[13:26] {jfjf64} de s .48 trigger
[13:29] {jfjf64} invalid
[13:29] {Threei} lol
[13:29] {Threei} welcome to my world today - The World of Invalidation
[13:29] {Threei} or Invalid World
[13:29] {jfjf64} yup better then stops
[13:29] {Threei} sure
[13:30] {Threei} invalidation = no harm done
[13:30] {Threei} I just want mire of them triggering and working
[13:30] {Threei} but will take whatever market throws my way
[13:30] {Threei} MTXX still hatled
[13:30] {vinod} good afternoon
[13:31] {Threei} vinod :)
[13:31] {Threei} wow SQNM
[13:31] {Threei} quite a slidfe
[13:31] {nemo} look at the jbe on sds
[13:32] {vinod} nemo-did you brought the market down?
[13:33] {jfjf64} with market help de l .71
[13:37] {Threei} vinod... nemo won't confess but I confirm - it's his fault
[13:37] {nemo} fyvm
[13:45] {Threei} I know what I am going to write in blue blurb today
[13:45] {Threei} :look at 13:37 line to see how rude nemo is"
[13:47] {patience} i need a translation vad....is it something about my mother?
[13:47] {nemo} I don't know your mother
[13:47] {patience} you're kidding
[13:47] {Threei} I am sorry parience... I am too gentle and polite and soft and vulnerable to transalte that
[13:47] {nemo} oh jeez
[13:48] {patience} oh
[13:50] {KSystems} they have a work-safe translation http://acronyms.thefreedictionary.com/FYVM
[13:50] {KSystems} LOL
[13:53] {patience} ty ks.....i know a shorter way to say this :)
[13:53] {Threei} BNP Chief Economist Fabbri: Oil prices should be around $45-50/bbl, believes there is a commodities bubble, relative to global demand (related USO )
[13:56] {vinod} we might be able to get 10Cent out of TYP
[13:59] {Threei} UPDATE: White House proposes financial consumer protection agency to examine firms, levy fines - WSJ (related XLF )
[14:02] {Threei} no time for MTXX opening yet
[14:07] {jfjf64} s de .48
[14:07] {jfjf64} s de .48
[14:14] {nemo} so much for the bear trap...so far
[14:17] {nemo} whoa! http://drudgereport.com/flashaot.htm
[14:24] {ese} gotta go and give an exam all....see ya tomorow
[14:24] {magoo} bye ese
[14:24] {ese} cya mags
[14:26] {dino} cya es
[14:28] {Threei} DE works
[14:29] {jfjf64} yes slow death
[14:30] {jfjf64} 1/1
[14:30] {dino} gaps dji 8500, ndx 1435
[14:31] {dino} s/p filled yesterday at 919; next 855
[14:31] {jfjf64} 1/4 more .28
[14:34] {jfjf64} fightin
[14:34] {Threei} MTXX Confirms FDA warning letter (8.50, -10.74, -55.82%)
[14:34] {Threei} lol
[14:35] {Threei} FDA has asserted that the Company is in violation of its regulations by failing to file a new drug application for its Zicam Cold Remedy Nasal Gel and Zicam Cold Remedy Gel Swabs and that those products are misbranded under their regulations for failing to adequately warn of risks. The FDA referred to numerous complaints it has received of anosmia associated with the use of these products.
[14:35] {Threei} - Company believes these products are safe and do not cause anosmia. The Company''s position is supported by the cumulative science and has been confirmed by a multi-disciplinary panel of scientists.
[14:37] {_levelseven} sounds more like a labeling issue
[14:37] {Threei} well... either there is this l,oss of smell or not...
[14:38] {nemo} maybe you can help them translate it into different languages L7
[14:38] {Threei} ifd not that then yes, would be purely labeling
[14:39] {Threei} time for MTXX appeared
[14:39] {Threei} 14:50:00 14:55:00
[14:39] {Threei} will inject excitement
[14:40] {Threei} in our dull lives
[14:40] {patience} you need teenagers in your house again vad...i'm shipping mine to you
[14:40] {jfjf64} oh great
06[14:40] * Threei slaps nemo around a bit with a large dose of ginseng
[14:41] {Threei} thanks patience
[14:41] {nemo} actually, I used to take it daily
[14:41] {jfjf64} and
[14:41] {nemo} I'd buy it by the pound, put it in a glass jar and fill it with vodka
[14:42] {nemo} let it soak at least a month
[14:42] {nemo} then do a shot or two a day
[14:42] {jfjf64} nice
[14:42] {nemo} Ruined the taste of the vodka though, so I gave it up
[14:42] {nemo} went back to straight vodka
[14:42] {Threei} I don't know why wait a month
[14:42] {Threei} just drink vodka and chew ginseng
[14:43] {nemo} Have to...these are the roots
[14:43] {nemo} chewing it and ingesting it produce two different effects
[14:43] {Threei} bette yet... one root will sustain you a month at least
[14:43] {nemo} depends on the root
[14:43] {nemo} There are cheap roots for how I used them (about $60/lb)
[14:44] {nemo} and there are extremely expensive roots (very old) for acute applications
[14:44] {nemo} they can cost thousands
[14:44] {nemo} Then there's the type of ginseng depending on your constitution
[14:45] {nemo} Do you take "warm" ginseng, or "cool" ginseng
[14:46] {wulff} lvs l .32
[14:47] {Threei} wulff, if it's working, consider sister play, MGM .56 long
[14:47] {Threei} with stop under .50
[14:47] {wulff} ko
[14:47] {Threei} LVS will serve as a leader to this one it seems
[14:48] {wulff} big offer at .31
[14:50] {Threei} SVNT FDA panel reportedly recommends gout drug Krystexxa for approval; Vote 14-1 (9.26, -0.01, -0.11%)
[14:50] {_levelseven} MTXX gonna trade?
[14:51] {Threei} [14:39] {Threei} time for MTXX appeared
[14:51] {Threei} [14:39] {Threei} 14:50:00 14:55:00
[14:51] {_levelseven} this is gonna be fun to watch
[14:51] {Threei} SVNT too
[14:54] {Threei} no time for SVNT yet
[14:54] {Threei} here goes MTXX
[14:55] {Threei} yikes
[14:55] {KSystems} omg
[14:55] {nemo} what, it's only a 21 cent spread
[14:55] {nemo} 13
[14:55] {nemo} 23
[14:55] {nemo} oy
[14:56] {KSystems} 'ally?
[14:56] {nemo} for what entity?
[14:58] {_levelseven} looks like a buy
[14:58] {vinod} MTXX very wild
[14:59] {_levelseven} gotta let all the amateurs panic out
[15:00] {vinod} you mean all fund managers?
[15:00] {_levelseven} some have to
[15:00] {KSystems} i got some at 5.98
[15:00] {nemo} they don't have to get out ntil it's under $5
[15:00] {_levelseven} blink
[15:02] {_levelseven} not going up fast enuf
[15:02] {_levelseven} ugly
[15:03] {KSystems} jeez :)
[15:03] {vinod} I put order to buy 200 at 5.25
[15:04] {wulff} ese 's would be 20,000
[15:05] {Threei} why 5.25?
[15:06] {_levelseven} needs more violence
[15:06] {vinod} 10% lower than day's low
[15:08] {Threei} hmm
[15:08] {Threei} interesting indicator :)
[15:08] {vinod} my way--some time it works and sometime it doesn't
[15:09] {Threei} when it was at 15, it would lead you to idea to buy at 13.50, right?
[15:09] {Threei} see my point? :)
[15:09] {wulff} that would be a "not work"
[15:09] {nemo} "no worky"
[15:09] {vinod} it is only in this type of situation
[15:11] {vinod} I am worse than amateurs
[15:13] {KSystems} maybe its good for an overnight ;-)
[15:14] {_levelseven} was hoping for more wild swings from this
[15:15] {KSystems} yup
[15:15] {KSystems} could provide quite a gap though
[15:15] {Threei} sure... which way though?
[15:15] {_levelseven} in either direction
[15:15] {_levelseven} time to buy straddles
[15:16] {wulff} no shorts here waiting to cover
[15:16] {KSystems} its better than roulette, still
[15:16] {KSystems} no Zro
[15:17] {magoo} rot or rip?
[15:17] {_levelseven} nothin feels better than grabbin a fallin sword and watchin it spike up a buck
[15:17] {Threei} rip but without much enthusiasm
[15:17] {magoo} rit?
[15:17] {nemo} shorts are going to cover for the afternoon
[15:17] {wulff} I mean in MTXX
[15:17] {Threei} MGM and LVS slowly work
[15:18] {jfjf64} fas movin
[15:18] {_levelseven} dip under 6...ill try to scalp
[15:19] {wulff} hard 1:1
[15:20] {_levelseven} i wouldnt want to take this home short
[15:20] {_levelseven} could get pop
[15:21] {_levelseven} in 5.90 sm
[15:21] {_levelseven} oops
[15:21] {nemo} looks like you sat on the sword
[15:21] {nemo} give it a minute
[15:21] {_levelseven} i think it comes
[15:22] {_levelseven} out
[15:23] {_levelseven} -.05
[15:23] {_levelseven} too dangerous
[15:23] {wulff} now its too dangerous?
[15:23] {nemo} rofl
[15:23] {_levelseven} always dangerous
[15:24] {_levelseven} i wanted quick pop, didnt come so out
[15:24] {wulff} I could use a pop too
[15:26] {_levelseven} 10 mil shares is alot considering every print looks like 100
[15:27] {Threei} now comes the pop
[15:28] {_levelseven} the bounces too small
[15:28] {_levelseven} down like 70%, expect some wilder swings
[15:30] {wulff} almost LVS shakeout
[15:30] {wulff} one more bounce please
[15:31] {wulff} TY
[15:35] {Threei} PARD?
[15:35] {Threei} no news here
[15:39] {Threei} US) Senator Reed (D): Introduces bill to regulate hedge funds, legislation would require hedge fund advisors, private equity funds and venture capital funds to register with SEC
[15:39] {Threei} - Note that on 6/11 White House Advisor Volcker said there is no need to supervise hedge & private equity funds as closely as banks. Very big funds might need capital and leverage requirements.
[15:39] {nemo} the SEC does such a wonderful job now
[15:40] {_levelseven} now that nobody is making any money
[15:43] {KSystems} more news MTXX?
[15:43] {Threei} no
[15:48] {Threei} yikes
[15:48] {Threei} MTXX Formally suspends shipments of 3 of19 Zicam products; will issue some refunds to customers
[15:48] {Threei} - FDA earlier noted that issues it observed were for Zicam nasal product (6.01, -13.23, -68.76%)
[15:48] {_levelseven} someone just got the MTXX news lol
[15:50] {KSystems} BAA halted as well
[15:50] {KSystems} never heard about that company
[15:52] {wulff} they make sheep
[15:52] {Threei} lol
[15:53] {KSystems} lol
[15:56] {Threei} look at this dump
[15:56] {vinod} i cancel my order for MTXX
[15:56] {KSystems} I'm gonna take my portion home tonight
[15:56] {vinod} was afraid i might get it
[15:57] {KSystems} harr
[15:57] {KSystems} still looks pretty weak
[15:57] {KSystems} what would you expect anyway
[15:58] {vinod} I have no clue--boss may have answer
06[15:58] * KSystems slaps boss around a bit with a large sheep
[15:58] {_levelseven} "hi honey, hard day at work?/ Your broker called, said its urgent, something about MTXX"
[15:59] {KSystems} LOL
[15:59] {Threei} ouch
[15:59] {Threei} lol
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {vinod} thanks and have a nice evening
[15:59] {jfjf64} gn all
[16:00] {fernp} good evening all
[16:00] {KSystems} good night everyone
[16:01] {dino} dji gap filled 8500
[16:01] {dino} ndx remains 1435
[16:02] {KSystems} savient is releasing their news
[16:03] {Threei} I see the same
[16:03] {Threei} FDA recommends approavl
[16:03] {KSystems} done...resuming 4:20
[16:03] {Threei} time of trading appeared
[16:03] {Threei} yup
[16:04] {KSystems} good news?
[16:05] {Threei} [16:03] {Threei} FDA recommends approavl
[16:05] {_levelseven} they should do away with halts
[16:05] {KSystems} oh sry
[16:07] {KSystems} do the companies request the halts? or do the exchanges?
[16:07] {Threei} depends
[16:08] {Threei} company can request it
[16:08] {Threei} exchange can demand it
[16:08] {KSystems} ic
[16:08] {_levelseven} just let the news come out, if ur on the golf course, tough luck
[16:09] {nemo} \
[16:24] {Threei} STSI killed