Monday, August 31, 2009

Aug 312009

Not bad for the Monday and last day of the month: slow but steady 40 cents on VICL, 20 cents on BAC, something decent on AIG, 15 cents stop on half lot attempt to shoret RIMM, then nice momentum play on SVA. All in all, August was a very nice month for us.

Session Time: Mon Aug 31 00:00:00 2009

[07:52] {magoo} morning
[07:56] {Threei} good morning
[07:57] {magoo} :)
[07:58] {magoo} neg comments on AIG this morn...overpriced
[07:58] {Threei} LOL
[07:58] {Threei} it's overpriced ever since it started moving at all
[08:04] {Threei} SVA H1N1 Vaccine Passes Experts Evaluation Organized by SFDA
[08:04] {Threei} Sinovac Biotech H1N1 Vaccine Passes Experts Evaluation Organized by SFDA
[08:04] {Threei} - Announced today that Sinovac''s H1N1 vaccine has passed the experts evaluation organized by State Food and Drug Administration (SFDA).
[08:04] {Threei} - The vaccine is expected to obtain the production license within this week.
[08:04] {Threei} - Sinovac submitted the H1N1 split influenza vaccine without adjuvant for registration approval, which is applicable to all people from 3 to 60 years old.
[08:04] {Threei} - The dosage is 15ug/0.5ml/dose. Only one shot is needed for inoculation.
[08:21] {Threei} SVA is quite perky
[08:22] {Threei} in the same group, BCRX is so so
[08:22] {Threei} NVAX is miserable
[08:43] {brian3579} gm all
[08:43] {Threei} brian :)
[08:44] {nemo} mischief maker has joined the crowd
[08:44] {Threei} that's your way to annouce your arrivale nemo?
[08:44] {Threei} sheesh, typing
[08:45] {nemo} no...Loki...Thor's brother
[08:45] {Threei} celtic mythology?
[08:45] {nemo} Ragnaroc must be upon us...Norse
[08:46] {nemo} Days of the week in English actually come from Norse mythology
[08:46] {nemo} Thursday is Thor's day
[08:46] {nemo} Wednesday Wodin (Odin)
[08:46] {nemo} Friday Freia, etc.
[08:46] {nemo} I got more useless trivia than Carter has little liver pills
[08:47] {brian3579} jokes nemo
[08:47] {brian3579} one a day
[08:47] {Threei} (US) NY Fed's Dudley: Still "a long way to go with MBS purchases", more likely than not Fed's Balance sheet will reach $2.5T - CNBC
[08:47] {Threei} - MBS purchases were effective
[08:47] {Threei} - to contradict market expectation that Fed will complete the MBS program is a high hurdle
[08:47] {Threei} - Fed Tsy purchase program was always more ambiguous than MBS and agency purchases
[08:47] {nemo} oy...the pressure
[08:50] {magoo} R
[08:50] {magoo} A
[08:50] {magoo} V
[08:50] {magoo} E
[08:50] {magoo} N
[08:51] {Raven} hey OOGAM
[09:04] {larisa} good morning :)
[09:05] {Threei} larisa :)
[09:05] {larisa} :)
[09:09] {ese} good morning.........i'm back permantly
[09:10] {Threei} ese!
[09:10] {nemo} ese?
[09:10] {ese} that may be bad news....
[09:10] {ese} vad nemo.......!!!!!!
[09:11] {ese} feels like learning this all over again.....
[09:11] {Threei} trip was good I take it
[09:12] {ese} very good......invitations to go back etc etc....hosts were terrific
[09:13] {ese} not to mention the country itself.........flatter than Saskatchewan and manitoba but beautiful
[09:13] {ese} highest point is only 187 meters
[09:14] {Threei} keep an eye on ETFC as possible squeeze
[09:14] {Threei} touches on Fri high
[09:15] {ese} you bet
[09:15] {fernp} good morning everybody
[09:15] {Threei} fern :)
[09:16] {Threei} also, AXL
[09:17] {Threei} AXL Announces waiver extending termination date of credit pact to Sept 15 - filing
[09:17] {Threei} not sure about news impact... spiked on it, retreated back
[09:17] {Threei} but look at daily
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:19] {dino} welcome back es
[09:20] {Threei} FASB Issues Exposure Draft for Proposed Accounting Standards Update, Improving Disclosures about Fair Value Measurements
[09:20] {Threei} - The proposed Update would affect all entities that are required to make disclosures about recurring and nonrecurring fair value measurements. The deadline for comments on the proposed Update is October 12, 2009.
[09:25] {magoo} BJS DCTH
[09:25] {magoo} VG
[09:26] {Threei} DCTH FDA Grants Delcath Orphan-Drug Designation for Doxorubicin
[09:27] {patel} good morning
[09:27] {Threei} BJS bought out
[09:27] {Threei} patel :)
[09:30] {Threei} Long Setup: SVA 7.10
[09:31] {Threei} if stays above 7
[09:36] {Threei} Long Setup: VICL .55 break if stays above .45
[09:37] {Threei} Preview: August Chicago Purchasing Managers Index due out at 9:45amET
[09:37] {Threei} **consensus expectations: 48.0e v 43.4 prior
[09:37] {Threei} - estimates range from 45 to 52.5
[09:41] {Threei} VICL if works, not a scalp for me
[09:45] {Threei} Long Setup: BAC .65 break
[09:45] {Threei} if holding above .55
[09:46] {Threei} **sub-indices:
[09:46] {Threei} - Prices Paid: 50.0 v 35.0 last
[09:46] {Threei} - New Orders: 52.5 v 48.0 last
[09:46] {Threei} - Employment: 38.7 v 35.3 last
[09:46] {Threei} - Inventories: 27.5 v 25.4 last
[09:46] {Threei} - Supplier Deliveries: 54.6 v 49.6 last
[09:46] {Threei} - Production: 52.9 v 43.3 last
[09:46] {magoo} UNG vad
[09:46] {Threei} yikes
[09:46] {Threei} don't want to touch nat gas with 10 ft pole
[09:47] {Threei} belonging to nemo
[09:47] {nemo} what?
[09:48] {Threei} never mind
[09:48] {nemo} you're being scatalogical
[09:48] {Threei} market sells off on good numbers
[09:48] {Threei} bodes well for a topping
[09:48] {nemo} and we're in bac why?
[09:49] {Threei} because it set up?
[09:49] {nemo} if market selling off on good numbers?
[09:49] {Threei} sighf
[09:49] {Threei} what happened first, BAC setup of market reversing down on good numbers?
[09:53] {Threei} everything one can think of points out to rally end
[09:53] {Threei} the only problem I have is
[09:53] {nemo} you being the contrarian
[09:53] {Threei} it would be the most broadly called reversal on my memory
[09:54] {nemo} just like the head and shoulders in July or was it june
[09:54] {larisa} SQNM what s up
[09:55] {Threei} SQNM Ticking higher, hearing strength being attributed to chatter of positive results for certain products related to down syndrome detection (5.70, +0.42, 7.95%)
[09:55] {bluejet} gm
[09:55] {Threei} blue :)
[09:55] {nemo} ford
[09:55] {ese} down turns like this....the avg market retracement(rally) is 70%....we ain't near that yet
[09:56] {Threei} - Reminder: On April 29 -Expected launch of its SEQureDx Down syndrome test is delayed, due to the discovery by company officials of employee mishandling of R&D test data and results.
[09:56] {ese} if history holds true(avg history) we have about 20% left to go
[09:57] {ese} people calling end of the rally are in lfor trouble i think
[09:57] {Threei} they do it for the last 3 months
[09:57] {Threei} they will be right at some point
[09:57] {ese} eggzactly
[09:58] {magoo} SVA
[09:58] {magoo} moving
[10:00] {Threei} it is... just not in a readable fashion...
[10:00] {Threei} SQNM is serious
[10:03] {dino} sm wide l clw .00
[10:06] {dino} ice
[10:07] {ese} l sqnm .10
[10:07] {dino} vit sm l .80
[10:07] {Threei} frikin SVA
[10:07] {magoo} i took ity
[10:08] {magoo} +.65
[10:08] {Threei} to spot a winner early and not find the way to utilize it is one thing I hate the most
[10:08] {ese} out sqnm .16 +.06
[10:08] {ese} phewwwww that felt good
[10:08] {dino} gj
[10:08] {Threei} NVAX is moving too
[10:08] {ese} tks dino.......when you don't make a trade for a while it feels weird
[10:09] {Threei} all swine flu stocks
[10:09] {dino} i hear ya bro
[10:09] {Threei} ISTA Ticking higher, hearing chatter that drug data may come out better than expected (6.11, +0.29, 4.98%)
[10:11] {Threei} Long Setup: AIG .60 break half lot
[10:11] {Threei} stop under .40-.45
[10:11] {Threei} VICL 1:1
[10:12] {patel} i took half off on VICL
[10:12] {Threei} AIG over1:1
[10:12] {magoo} IN OUT VAD
[10:12] {magoo} aig
[10:12] {magoo} FL
[10:14] {magoo} OUT VICL .69 ty VAD
[10:15] {Threei} why is FITB happy
[10:18] {Threei} crap
[10:18] {Threei} totally missed ETFC
[10:19] {Threei} I think my brain's stuck in weekend mode
[10:19] {nemo} Funny...I thought it was stuck somewhere else
[10:21] {dino} slapppppppp
[10:21] {nemo} hehehehe
[10:21] {Threei} BAC 1:1
[10:24] {Threei} lol AIG moved 2 points from entry
[10:25] {fernp} out BAC. ty Vad
[10:25] {Threei} who is partialling BAC, move stop to under .65
[10:40] {Threei} to under .70
[10:43] {ese} dabbling NVAX l .15
[10:43] {Threei} nice spike into 1:2
[10:43] {Threei} done with BAC
[10:44] {fernp} nice play. Vad
[10:44] {Threei} ty
[10:44] {Threei} even with no brain (or thanks to its absence), I have my moments
[10:45] {Threei} actually... 3 for 3 so far today?
[10:45] {fernp} yeah
[10:45] {ese} expect nothing less chief
[10:45] {Threei} plus couple missed ones which discretionary huys like magoo took and profited from... for which we hate them
[10:45] {Threei} oh ese, you have no idea... magoo made absolutely indecent money while you were away
[10:46] {Threei} then again, there was never much decent about magoo...
[10:46] {magoo} :)
[10:46] {dino} have to agree magoo ewas indecent w/aig
[10:47] {Threei} indecent stock, too
[10:47] {ese} nice mags.......expecdt nothing less there as well
[10:47] {Threei} reverse split... kiss of death in 99 out of 100
[10:47] {ese} VICTORIA SECRET?
[10:47] {magoo} ]
[10:48] {magoo} made like 15 k on it in 2 days
[10:49] {ese} nice........thats the magoo we've come to know and love
[10:49] {Threei} I don't think you are allowed to do tat mags
[10:49] {magoo} whats "tat" vad?
[10:50] {Threei} I'll have to look into rules but on top of my memory I think you'll have to send like 70% back
[10:50] {magoo} tat=take a trade?
[10:50] {Threei} I'll administer it for you
[10:50] {Threei} just send them to me
[10:50] {magoo} lets hope they break the trades (NOT)
[10:51] {Threei} lol, not with THIS volume
[10:53] {Threei} who ever heard of DOW gaining 4% in August
[10:53] {nemo} that was weird...laptop just STB'd
[10:54] {dino} ohhh mannn, cyber crash
[10:58] {Threei} OK
[10:59] {Threei} I think we finally ailed down the percentage of idiots
[10:59] {Threei} nailed
[10:59] {Threei} 29% Confident That Congress Knows What Its Doing on Economy
[10:59] {nemo} you have to add in those who are not sure also
[11:01] {Threei} those are just 4%
[11:01] {Threei} I will count them as "were to drunk to understand the question"
[11:01] {nemo} frickin humanitarian
[11:02] {Threei} come on VICL
[11:02] {Threei} time to break that .70 and proceed to ward 5
[11:06] {Threei} US Defense Sec Gates: New presidential helicopters will be vetoed (related LMT NOC )
[11:09] {Threei} what's with NANO
[11:16] {Threei} AGEN Hearing chatter company may receive approval in Europe for Oncophage (2.22, +0.08, 3.74%)
[11:21] {dino} out clw .56, +.56 ugh!!!!!!!, had 1.19 and sever crashed
[11:21] {Threei} yuck
[11:21] {Threei} anyway... .56 is nothing to zneese at
[11:22] {dino} leaving bad taste
[11:22] {nemo} aig vad
[11:23] {Threei} ?
[11:25] {nemo} hah, nevermind, I use this outboard video card w/one of the monitors, gave me a visual that wasn't accurate
[11:28] {Threei} good boy VICL
[11:30] {dino} \vit to b/e
[11:42] {dino} out vit .09 +.29
[11:43] {dino} neu games again, thin
[11:53] {Threei} SCLN Hearing chatter concerning positive sales of Zadaxin in China due to H1N1 (4.77, +0.19, 4.15%)
[11:58] {Threei} Mass. Governor to make announcement at 3pmET on the special election for Senator Kennedy's seat
[12:06] {magoo} sva xplosion
[12:07] {Threei} Market Internals update at 12:00pmET
[12:07] {Threei} - NYSE volume 475M shares, about 5% above its three-month average; decliners lead advancers by 7.8:1.
[12:07] {Threei} - NASDAQ volume 1.0B shares, about 3% above its three-month average; decliners lead advancers by 3.1:1.
[12:07] {Threei} no new news
[12:16] {magoo} SVA
[12:16] {Threei} SVA losing its mind
[12:17] {Threei} psst, VICL... look at SVA
[12:19] {Threei} let's see how well I knowe magoo... in SVA from 2.15?
[12:19] {Threei} 8.15
[12:21] {dino} sm l snda .40
[12:22] {nemo} Gonna' be in January...big deal is whether they rescind the law they passed in 2004 to get a temporary appointment for Kennedy
[12:27] {magoo} betting on me after i mention it repeadly....u can betr your left nut im in vad
[12:28] {Threei} well, did I get price right?
[12:29] {magoo} much lowe5r
[12:30] {Threei} VICL, aren't you a thing of beauty
[12:30] {Threei} [09:41] {Alert} Threei VICL if works, not a scalp for me
[12:31] {nemo} bac bounced off original trigger
[12:33] {Threei} NVAX
[12:34] {Threei} BCRX next?
[12:34] {magoo} yes
[12:34] {Threei} sector momo
[12:34] {Threei} snezing swines can fly
[12:35] {Threei} ok... out 2/3 VICL +.35
[12:35] {magoo} goot .34 SVA
[12:40] {ese} just back....out nvax ,25 +.10
[12:40] {Threei} you missed magoo making out like bandit again
[12:41] {Threei} (GE) Gemarny's Merkel: no bank should be so big it can blackmail governments
[12:41] {Threei} - calls for a G-20 agreement regarding the maximum size of banks
[12:42] {Threei} (AS) Austrian Fin Min: ruling coalition will support introduction of a financial transaction tax at tomorrow's ministerial meeting
[12:42] {Threei} (FR) French President Sarkozy: France and German share position that G-20 summit should result in tight financial oversight
[12:42] {Threei} Europe is losing it
[12:42] {Threei} not that USA will be too far behind
[12:43] {Threei} says France and Germany will apply limits to bonuses regardless of what the G-20 does
[12:49] {Threei} question guys
[12:49] {Threei} with all my repeated many times "watch the momo, learn to recognize it and play it",
[12:50] {Threei} any advancement in this department?
[12:50] {Threei} you undertand the reason for it
[12:50] {Threei} it's next to impossible to call exact entries on these movers
[12:51] {Threei} but their potential is huge
[12:51] {Threei} so to utilize them you need to learn to recognize them
[12:52] {Threei} everyone's alseep... magoo, for the rest of the week I am talking to you only
[12:52] {ese} magoo escaping with a fortune again ehhhhhhh
[12:52] {Threei} and to dino, because if I talk to you only I'll need serious psychiatric help
[12:53] {Threei} nemo, I am not going to read your dcc, I know it says "as if you don't need it now"
[12:53] {nemo} sorry...I had to step away to fix a barn door
[12:53] {ese} good first day back for me......but i'm off to school to get some work done.....catch you all tomorow.
[12:53] {Threei} take care ese
[12:53] {nemo} No, that was much too simple
[12:53] {ese} see ya vad
[12:54] {nemo} If I took that one, it would be like taking candy from a baby (which is fine if you want the candy)
[12:54] {Threei} or plainly dislike the baby
[13:08] {Threei} strange... I thought BCRX would be a leader in swine flu races
[13:08] {Threei} and it's one of the tamest
[13:10] {dino} snda stopped
[13:17] {Threei} Short Setup: RIMM .30 break half lot
[13:18] {Threei} stop above .40-.45 if triggers from here
[13:18] {Threei} inval;idating level though is above .50
[13:18] {Threei} half lot - not because RIMM is too dangerous or volatile here
[13:18] {Threei} mostly because I want ease in inshorts
[13:19] {Threei} we don't know yet whether we really roll over into bearish mode
[13:19] {Threei} last thing I want is to turn into "let's short it, it's too high"
[13:20] {dino} igk l .45
[13:21] {Threei} Reportedly Representatitve Waxman is probing reports of health care coverage being canceled for small businesses after employees becom ill
[13:21] {Threei} - reminder: on 8/18 WSJ reported Reps Waxman and Stupak send letter to the health insurers requesting info on pay and business practices
[13:21] {Threei} is it real?
[13:21] {Threei} I mean,. someone gets ill, they cancel coverage for whole business?
[13:22] {Threei} or is it continuing effort to demonize insurers?
[13:22] {larisa} may be business is just 1 worker :)
[13:29] {nemo} what I miss, had to go chase some guinea hens back into their pen
[13:30] {Threei} scroll up key doesn't work?
[13:30] {nemo} lazy, thought I'd ask
[13:30] {Threei} sigh
[13:31] {nemo} ahh, Rimm short
[13:31] {Threei} so, what's with TV buzzing that bailout money bring profit to govt?
[13:32] {Threei} were all doomsayers wrong?
[13:32] {Threei} all is not lost?
[13:39] {nemo} 2012 is just around the corner
[13:50] {dino} govt pump and dump
[13:51] {nemo} fcx C&H?
[13:51] {nemo} eh...R/R doesn't look that good
[13:52] {magoo} S
[13:52] {magoo} V
[13:52] {magoo} A
[13:57] {Threei} you think?
[13:57] {magoo} i think 10 today..just a feel
[14:02] {Threei} you bribed it?
[14:02] {magoo} needs take .40...then .67 then.91
[14:02] {Threei} 'cause it certainly acts like it heard you
[14:02] {Threei} F Chief Sales Analsyt: US auto sales rose in Aug from year ago; total industry may report first y/y increase since late 2007
[14:02] {Threei} - says industry inventories can not sustain Aug sales levels for the rest of the year
[14:02] {Threei} green shoots become greener
[14:05] {magoo} AIG getting kicked
[14:06] {Threei} I am checking availibility periodically...
[14:06] {Threei} not available
[14:06] {Threei} Market Internals update at 2:00pmET
[14:06] {Threei} - NYSE volume 625M shares, about 2% below its three-month average; decliners lead advancers by 7.9:1.
[14:06] {Threei} - NASDAQ volume 1.37B shares, about 2% below its three-month average; decliners lead advancers by 3.2:1.
[14:06] {Threei} White house Press Sec Gibbs: Strong relationship with Japan will continue
[14:06] {Threei} I stand corrected about idiots
[14:06] {Threei} 29% +1
[14:07] {Threei} will not begrudge Japan for seeking stronger ties with Asia
[14:07] {Threei} no?
[14:07] {Threei} come on... how dare they
[14:08] {nemo} crissakes we gave them baseball
[14:09] {Threei} and they seek ties with Asia, ungrateful basterds
[14:09] {nemo} emphasis on 'terds'
[14:09] {Threei} as if they are located there
[14:09] {Threei} wait...
[14:09] {brian3579} funny that counts as one joke
[14:12] {nemo} I'll never forget...back in the 70's and 80's all you ever heard about were how American's were such idiots about, I'm over in Germany in the late 80's and this woman asks me, "Is Boston on the east coast, or west coast."
[14:12] {Threei} SVA.....
[14:12] {Threei} .35 break maybe...
[14:13] {Threei} that's nothing nemo... no one will beat NY salesperson who, when I asked whether they ship to Canada, asnwered: sorry, we do not ship overseas
[14:13] {nemo} that's a good one
[14:14] {brian3579} how do you respond to that?
[14:14] {nemo} go to the bar
[14:14] {Threei} in the most honorable way I knew
[14:14] {Threei} I fainted
[14:17] {Threei} well SVA
[14:17] {Threei} can you or can you not
[14:22] {nemo} quite the back up @ .35
[14:28] {nemo} C&H on aig?
[14:30] {Threei} pullback into 43.5 to retest double bottom confirmation level was a valid play... this is not really
[14:47] {magoo} RISKY..SVA needs to take .high...
[14:47] {magoo} then launch
[14:48] {magoo} vadstrigg .35
[14:48] {Threei} IMO, .35 - .36 level if broken, should launch it
[14:48] {magoo} agree
[14:48] {magoo} ..pause in .70 area..then
[14:48] {magoo} 10
[14:48] {Threei} I wish it held .20 on pullback, so stop would be strictly defined
[14:48] {dino} fcx stop to .30, thx nemo
[14:48] {magoo} yea...a lil nasty
[14:48] {Threei} but momos are momos, technicals do not rule them
[14:49] {magoo} im in
[14:49] {dino} out +.30
[14:50] {magoo} 3 pm..move will do or kill
[14:54] {Threei} IMF Chief Economist Blanchard: Central banks reserves have not influenced growth; accumulated FX reserves are not efficient (related USD/CNY EUR/CNY )
[14:57] {Threei} toughie mags
[14:57] {magoo} yea..was just saying to dino.,...trades like donkey now
[14:58] {magoo} in .15 here
[14:58] {Threei} maybe because it's AMEX
[14:58] {magoo} really REALLY thought it was going
[14:58] {Threei} ECNs changed it greatly but still... long tradition of weird moves
[14:58] {magoo} i got 3k, worried
[14:59] {Threei} well... as classic book says, sell down to sleeping level
[14:59] {magoo} yea...might be scalpin soon
[15:00] {Threei} this is going to be interesting:
[15:00] {Threei} Reynolds American Inc File Suit with other tobacco manufacturers Challenging Provisions of FDA Tobacco Act
[15:00] {Threei} - joined other tobacco manufacturers and a tobacco retailer in filing suit today in federal court in Bowling Green, Ky., seeking to protect their First Amendment right to communicate with adult tobacco consumers about their products. The law passed by Congress in June, granting the U.S. Food & Drug Administration (FDA) regulatory oversight over tobacco products, contains several provisions restricting or banning truthful speech, contrary to the requirements of the First Amendment.
[15:02] {dino} and ironicallt the govt subsides the growers
[15:02] {Threei} yeah
[15:02] {nemo} pays them not to plant
[15:02] {Threei} and makes out like bandit on sin taxes
[15:03] {dino} if you think about it, smokers die youinger, so save on heath care costs
[15:03] {nemo} not unlike oil, when congress whas decrying the "obscene profits" yet collecting a healthy chunk on every domestically produced barrel
[15:03] {dino} mother hen govt
[15:04] {dino} gok drop
[15:06] {nemo} still can't short aig
[15:07] {dino} nor i
[15:07] {dino} thinking about puts
[15:09] {nemo} huh, wfc actually strong today, considering
[15:11] {dino} didn't get expected downgrade from moodys
[15:17] {magoo} SVA certainly not easy vad
[15:17] {Threei} no
[15:17] {Threei} listen... let's play it by the book
[15:17] {Threei} sell 2K here
[15:17] {dino} hl l gok ave .51
[15:18] {Threei} take &200 profit
[15:18] {Threei} keep stop under 9 for the remaining 1K,
[15:18] {Threei} worst comes to worts, you are roughly flat after commissions
[15:18] {Threei} if it works, just let this last K ride
[15:19] {Threei} I underastand the desire to squeeze all possible out of it, but it's not worth $500 risk'
[15:19] {Threei} you had too good month to spoil it on last day
[15:20] {magoo} ok
[15:21] {Threei} finally
[15:22] {magoo} out BIG DOOUGH
[15:22] {brian3579} that 10 call looks good
[15:22] {Threei} I am out here too
[15:22] {magoo} thanx coach
[15:22] {Threei} always
[15:22] {fernp} wonderful SVA. great play
[15:22] {magoo} could have just as easily killed me
[15:23] {Threei} that's what risk control is for...
[15:23] {Threei} leave it to amateurs to go all in and count on making a killing on a single play
[15:23] {Threei} you took it fern?
[15:23] {magoo} let me refraize...could have been stopped
[15:23] {fernp} no
[15:23] {larisa} where did you enter on SVA, I was away?
[15:23] {fernp} too dangerous for me
[15:24] {Threei} magoo at .15 larisa
[15:24] {Threei} I took .35 break
[15:24] {nemo} what was the stop?
[15:24] {magoo} mine was .97
[15:25] {magoo} never lower than .04 i think
[15:25] {magoo} while i was in
[15:25] {magoo} now like 10
[15:25] {Threei} sheesh, not done
[15:25] {nemo} what was your stop vad?
[15:25] {Threei} pace picks up again
[15:25] {dino} igk to .57
[15:25] {Threei} it wasn't going to stop me
[15:26] {Threei} this pace explosion was no breainer
[15:26] {Threei} offered 1K at .48, 1 at .55 and 1 at .69
[15:27] {dino} out ave .55, +.10
[15:27] {Threei} and if it did urn around stop would be defined in terms of p;rice level
[15:27] {Threei} I bought on momentum,. not on technicals
[15:28] {Threei} so momentum reversal would stop me out
[15:28] {magoo} vad...this momo has been like ole days for us
[15:28] {magoo} thats why iom doing well
[15:28] {Threei} second half of august, no less
[15:28] {magoo} i need the momo
[15:28] {Threei} of all trading months, lol
[15:29] {dino} you should change your nick to mogoo
[15:29] {nemo} Trade what you see, not what you think...
[15:29] {magoo} agree nemo..
[15:29] {magoo} with a dash of "feel" and a smidge of luck
[15:30] {magoo} that could easily see 11 today
[15:30] {larisa} I bet no 10 SVA
[15:30] {magoo} i am not in
[15:30] {magoo} ggggggggrrrrrrrrrrrrr
[15:30] {Threei} what's the bet larisa?
[15:30] {Threei} I'll take it
[15:31] {larisa} it is topping
[15:31] {Threei} nope
[15:31] {magoo} nope
[15:31] {larisa} lol
[15:31] {larisa} men
[15:31] {magoo} it is consolidating
[15:31] {Threei} it's resting
[15:31] {Threei} gathering power
[15:31] {larisa} ok :)
[15:32] {Threei} inhales... exhales...
[15:32] {magoo} to resume its trek upward
[15:32] {Threei} massages muscles
[15:32] {larisa} tomorrow may be
[15:32] {magoo} today
[15:32] {nemo} turn around tuesday
[15:32] {magoo} thats dino's slogan:)
[15:32] {nemo} " turn around tuesday"
[15:34] {larisa} oh oh
[15:34] {nemo} .40 range on spy and .20 range on Qs since 10
[15:34] {magoo} here we go
[15:34] {Threei} what's the bet??? :)
[15:34] {magoo} a drink in vegas
[15:34] {dino} ok
[15:35] {Threei} 5 cents left... come on SVA
[15:35] {magoo} i went to reliable message board say it will be 20 by friday lol
[15:36] {Threei} I feel humbled by the welath of knowledge, mags
06[15:37] * Threei kicks SVA in the rear end
[15:37] {larisa} technicals show no 10.. of course there is always stupid momo :)
[15:38] {magoo} but the message boards larisa...they dont lie
[15:38] {larisa} thats true :)
[15:38] {Threei} you underestimate the stupidity of three factors put together:
[15:39] {Threei} me, magoo and momo
[15:39] {magoo} um..momo is my thing'
[15:39] {Threei} these 3M and capable of outstupiding anything you can think of
[15:39] {magoo} my best momo trade ever vad...remember? years ago
[15:39] {Threei} and = are
[15:39] {Threei} hmmm... remind me
[15:40] {magoo} bidu went to like 160
[15:40] {Threei} I remember losses well... wins, not so much
[15:40] {Threei} oh yeah
[15:40] {magoo} 20k
[15:40] {Threei} that was beyond stupid {G}
[15:40] {magoo} and i was there:)
[15:40] {Threei} and I was with you
[15:40] {larisa} wow, really?
[15:41] {magoo} yup..screaming all thge way lol
[15:41] {Threei} yeah... magoo traded, what's the word... "stupidly"?
[15:41] {magoo} hell larisa, did 12k on AIG onee ttade
[15:41] {magoo} last week
[15:41] {larisa} :)
[15:41] {magoo} why
[15:42] {larisa} 33.80 vads call i didi not take AIG :)
[15:42] {Threei} I am happy when it's around... 'cause when it goes away, magoo starts nagging me for a trade :)
[15:42] {magoo} but, ive gotten pummeled aint easy
[15:43] {Threei} 33.80 was safe call, I don't know why you skipped it back then larisa
[15:43] {Threei} nice tight stop
[15:43] {larisa} your way is too emotional magoo, I want to stay sane so my husband do not kick me out :)
[15:43] {larisa} AIG is just too wild fo rme
[15:43] {Threei} yes, for the most part
[15:43] {Threei} but sometimes it tightents
[15:43] {Threei} and gives normal setup
[15:44] {Threei} so you have best of both world
[15:44] {Threei} normal stop,
[15:44] {Threei} but if it works - momentum and its wild nature make a win real big
[15:44] {larisa} :)
[15:44] {larisa} real big is for men
[15:45] {larisa} I am just a girl :)
[15:46] {Threei} so, the only stop today is that 15 cents on half lot RIMM
[15:46] {magoo} but actually...what ive just let the winner win...with AIG, it momo up...never stopped us, and instead of scalp, let it run run run 4 points
[15:46] {Threei} and it's the only short
[15:46] {magoo} my second best day of year vad..thank u
[15:47] {Threei} good to hear :)
[15:47] {nemo} must be your best month
[15:47] {magoo} and i want more tomorrow u can bet:)
[15:47] {brian3579} thats why im back cant let winners win
[15:49] {magoo} seriously, thats one thing ive been working on
[15:49] {Threei} ok SVA
[15:49] {Threei} last chance
[15:50] {magoo} u in?
[15:50] {Threei} don't let me lose my bet
[15:50] {Threei} I parialed out almost everything mags,. have just lousy 300 shares left
[15:50] {Threei} bet must be honest... if I think it goes, I gotta trade it :)
[15:51] {magoo} yea..i knew that:)
[15:51] {Threei} brian, you traded VICL today?
[15:51] {Threei} that was the one to hold
[15:51] {Threei} I alerted beforehand that it was not going to be a scalp
[15:52] {larisa} SQNM missed it
[15:52] {brian3579} no
[15:52] {Threei} no fresh news SQNM
[15:52] {brian3579} but thats a trade i would have trouble with
[15:53] {Threei} ok... next time such trade comes around, I'll grab 2x4 and guide you through it
[15:53] {brian3579} k thank you
[15:53] {Threei} 7 minutes left... larisa is winning
[15:56] {magoo} id call this day awin for the bulls
[15:57] {magoo} this mkt is sick {as in strong}
[15:57] {Threei} well, it's slightly red on lower volume
[15:57] {Threei} so... so far it qualifies as merelt pullback
[15:58] {Threei} 1 min
[15:59] {Threei} ok larisa
[15:59] {Threei} I concede
[15:59] {Threei} 5 cents shy
[15:59] {Threei} or after hours counts?
[15:59] {dino} out gok .41-.10, out aef ave .33 +.07
[16:00] {larisa} AIG exploded into close
[16:00] {Threei} President extended his break
[16:00] {Threei} who complained that couldn't trade without him on TV?
[16:00] {Threei} you'll have to wait longer
[16:01] {Threei} okay guys, thank you all
[16:01] {Threei} have a good evening, see yo tomorrow
[16:01] {nemo} \t66666666666666666666666666666665tr55555
[16:01] {larisa} bye :)
[16:01] {fernp} good evening everybody
[16:01] {nemo} sirrt sorry cat walked across keyboard
[16:02] {larisa} lol
[16:02] {dino} hcn blood
[16:04] {dino} gn all
[16:05] {magoo} thanx vad..all

Friday, August 28, 2009

Aug 28 2009

After a week of fireworks we had fairly quiet, I'd even say lacklustre Friday. Little scalp here, little stop there... couple better trades in second half of the day took us into slightly profitable territory and NVAX/BCRX run aadded some money and entertainment.

Session Time: Fri Aug 28 00:00:00 2009

[08:10] {Threei} AIG Shares are trading up over 10% ($52.76) in NY pre-market on no new appearant news (47.84, 0.00, 0.00%)
[08:10] {Threei} lol
[08:11] {nemo} well...not available to short, where else they gonna' go but up...
[08:14] {Threei} as if shorts is the only (or even necessary) thing that drives stocks down
[08:30] {fernp} good morning everybody
[08:30] {Threei} fern :)
[08:30] {patience} good morning guys....back from the sandy beaches of Parksville. how has trading been?
[08:31] {Threei} patience :)
[08:31] {Threei} fantastic
[08:32] {patience} is momo coming back?
[08:35] {Threei} on selected stocks
[08:44] {nemo} What were presonal Income/Spending?
[08:45] {Threei} JULY PERSONAL INCOME: 0.0% V 0.1%E; PERSONAL SPENDING: 0.2% V 0.2%E
[08:45] {nemo} ty
[08:55] {nemo} hi lari
[08:56] {larisa} gm nemo:)
[08:56] {Threei} larisa :)
[08:57] {larisa} :)
[08:59] {larisa} nemo, you need to turn off {joins}, {parts} {quits} etc. or you like to be in control and see whats going on on the channel ? :)
[08:59] {nemo} hehehehe
[09:00] {Threei} INTC Raises Third-Quarter Revenue and Gross Margin Expectations (19.47, 0.00, 0.00%)
[09:00] {nemo} that's what popped the qs
[09:00] {Threei} yup
[09:02] {Threei} INTC Guides Q3 Rev $9.0B (-/+ $200M) (implies $8.8B-9.2B v $9.07Be), Q3 GM 53% +/- 2 points v 59% y/y
[09:02] {Threei} ** Note on 07/14: Guides Q3 Rev R$8.5B (plus or minus $400M) (implies $8.1B-$8.9B v $7.81Be
[09:05] {magoo} morning
[09:05] {Threei} magoo :)
[09:06] {magoo} i didnt want AIG to gap over 50
[09:06] {Threei} nobody did
[09:08] {magoo} vad..i see 53.75 high
[09:08] {Threei} yup
[09:08] {magoo} u think its got a run to 55 in it?just from your experience
[09:09] {Threei} it all depends on whether squeeze is still in full bloom or it's a last drops being mined out
[09:09] {Threei} if squeeze is not over, 60 is just as likely
[09:10] {Threei} if it's a last gasps, shaking out last bears... can just reverse and go down with very few bounces
[09:10] {cosmo} gee...time to retire...last day here after all these years...
[09:10] {cosmo} for a week or so
[09:12] {Threei} hmm?
[09:12] {cosmo} lars gave me the idea...
[09:13] {cosmo} going to big foot contry
[09:13] {Threei} for a week?
[09:13] {cosmo} bigfoot that is
[09:13] {dino} gm all
[09:13] {Threei} dino :)
[09:13] {cosmo} at least a week
[09:14] {cosmo} honest....
[09:14] {dino} have fun cos
[09:14] {cosmo} i'll try
[09:14] {brian3579} gm all
[09:14] {Threei} brian :)
[09:15] {Raven} Oregon cosmo ?
[09:15] {nemo} Himalayas?
[09:15] {cosmo} mountains
[09:15] {patel} good morning traders
[09:16] {Raven} that's WA ?
[09:16] {cosmo} OR too
[09:16] {Threei} patel :)
[09:16] {Raven} OK ... nice ... up near the Canuk border
[09:16] {patel} monday i be trading from home.
[09:16] {nemo} join the club
[09:16] {cosmo} Paulina
[09:17] {nemo} porizkova?
[09:17] {Threei} Bernanke identity theft on CNN
[09:17] {nemo} saw that yesterday...funny
[09:18] {cosmo} ....east of Prineville
[09:18] {Raven} I see it ... nice country
[09:18] {cosmo} ...taking a camera, just in case
[09:19] {Raven} lol ... those digital pics pretty expensive
[09:19] {larisa} a bit early, fall colors will come in 4-5 weeks :)
[09:19] {Raven} I like Burns and the Malheur NWR
[09:20] {Raven} but that is in the desert
[09:20] {cosmo} i'll fall before then i guess
[09:20] {Raven} sigh
[09:20] {Threei} OK guys, game plan:
[09:21] {nemo} buy stock, sell stock
[09:21] {Threei} let's be more careful today, we had fantastic week, especially for August,
[09:21] {Threei} easy to start feeling invincible
[09:21] {Threei} which is a surefire recipe for disaster
[09:21] {magoo} nemo. u forgot most importasnt ..for a profit
[09:22] {nemo} buy low sell high
[09:22] {nemo} Pride cometh before the fall...
[09:22] {Threei} first thing to do upon open is wait for sharp pullback,
[09:22] {Threei} that was market's trademark lately
[09:23] {Threei} and provided us with nice entries, like yesterday's first trade on HIG
[09:23] {Threei} then we will see what transpires, so far working assumption is uptrend
[09:24] {magoo} lets watch tech too vad...might be tech leader day as compared to say financials
[09:25] {dino} fotune favors the bold (but darkness lies one inch ahead)
[09:25] {cosmo} and darkness lies....
[09:26] {Raven} sigh
[09:26] {Threei} I second that
[09:26] {cosmo} just helping...i thot
[09:27] {magoo} i'm tired "of the lies" lol
[09:28] {nemo} life is chaos, absurdity and suffering...thank god for alcohol
[09:30] {magoo} u read my book?
[09:30] {nemo}'s part of some books I helped write (alcohol part is my personal touch)
[09:30] {nemo} frickin aig
[09:30] {cosmo} alth
[09:31] {nemo} resource stoks too
[09:32] {bluejet} GM
[09:32] {Threei} blue :)
[09:32] {nemo} ford
[09:33] {nemo} no shorty aig again today
[09:33] {Threei} OK
[09:33] {Threei} here comes HIG
[09:35] {Threei} Long Setup: HIG .70 break if holding .60
[09:35] {nemo} oops
[09:36] {nemo} nice vad
[09:36] {Threei} anyone caught it?
[09:36] {magoo} me
[09:36] {nemo} nope
[09:36] {fernp} missed here
[09:36] {Threei} over 1:2 mags
[09:36] {magoo} out .9 somethion
[09:36] {magoo} 91
[09:37] {cosmo} alth wants 7
[09:37] {nemo} use GETCO on that Vad?
[09:37] {cosmo} gonna heal
[09:37] {dino} alth l .95\
[09:37] {Threei} no
[09:37] {Threei} that was one I wanted in for sure
[09:37] {Threei} not to save couple bucks
[09:38] {dino} out .15, +.20 alth
[09:38] {Threei} nice
[09:38] {cosmo} :)
[09:39] {dino} ty
[09:39] {nemo} db hig?
[09:39] {Threei} yup
[09:39] {Threei} same setup
[09:39] {Threei} invalidated
[09:40] {Threei} let's see if new range presents itself
[09:40] {Threei} Preview: August Final University of Michigan due out at 9:55amET
[09:40] {Threei} **consensus expectation: 64.0e v 63.2 preliminary
[09:40] {nemo} good drop immu
[09:42] {Threei} Long Setup: HIG .60 if holding .50
[09:42] {nemo} too fast again
[09:43] {nemo} mags you get it
[09:43] {magoo} in
[09:43] {fernp} in
[09:44] {Threei} AIG is dropping fast
[09:44] {Threei} no worky HIG
[09:46] {dino} clw
[09:46] {Threei} shakeout
[09:46] {dino} thin
[09:46] {nemo} no volume though
[09:46] {nemo} hig below 23.50 got nothing until 23
[09:46] {Threei} huh?
[09:47] {nemo} yesteay @ 1:20 low of 23:42
[09:47] {nemo} 23.42 low of last 3 minutes .41
[09:47] {Threei} how is 1:20 significant?
[09:48] {nemo} that was the time on the chart of that price...just coordinates
[09:50] {nemo} it's also right at pivot
[09:53] {dino} snp sm l .50
[09:54] {magoo} hig no play nice
[09:55] {dino} stop is .19 fwiw
[09:55] {dino} stopped
[09:56] {magoo} i cant trade without obama on tv
[09:56] {magoo} not used to it
[09:56] {nemo} you can watch him tomorrow morning give the eulogy
[09:57] {Threei} rude of HIG
[09:57] {magoo} im driving up there tomorrow
[09:57] {dino} obama "i want you to pay higher taxes"
[09:58] {Threei} Long Setup: DELL .50 break
[09:58] {Threei} if stays abpve ,45
[09:58] {magoo} that if always gets me lol
[10:00] {Threei} invalidated
[10:00] {Threei} specifically for you mags
[10:00] {nemo} crikey
[10:01] {magoo} yea
[10:01] {dino} lol
[10:03] {dino} elon
[10:04] {dino} clw getting wide
[10:05] {magoo} i suk with rimm ..lately...but could be bouncer
[10:06] {magoo} not here..just saying to watch
[10:06] {dino} snp lod
[10:09] {fernp} INTC if breaks .40, Vad?
[10:12] {magoo} hig makes me cry
[10:12] {magoo} had 2k
[10:12] {nemo} where?
[10:12] {magoo} vads call
[10:12] {magoo} stopped out
[10:13] {Threei} ican't tell INTC
[10:13] {nemo} it bounced right at the confluence fo that 1:20 low and the pivot
[10:17] {magoo} fannie and freddie doin it
[10:18] {Threei} how do you know?
[10:18] {nemo} voyeur
[10:25] {fernp} double bottom WFC?
[10:28] {Threei} could be if market reverses
[10:28] {Threei} let's lwet it stabilize
[10:28] {Threei} not finding much so far
[10:31] {nemo} getting volume pick up in wfc
[10:32] {nemo} immu had a nice little recovery
[10:38] {dino} sigm l .55
[10:40] {dino} vion blood
[10:44] {dino} aeh, aed, aef
[10:50] {nemo} wfc DB, then rose to .62 and then somebody tried a shakeout...if this breaks .64, is it a long?
[10:52] {dino} isg
[10:52] {Threei} I just can't tell
[10:52] {Threei} a bit patternless trading today
[10:52] {Threei} see me unusually quiet?
[10:53] {Threei} it's not coma yet
[10:53] {Threei} it's me not finding trades
[10:54] {magoo} hgsi ripps
[10:55] {dino} isp
[10:55] {dino} seems preferreds are running today
[10:58] {dino} snp sm l .50 last try
[11:03] {Threei} HGSI bounce time soon
[11:17] {brian3579} .
[11:18] {Threei} good point
[11:18] {nemo} Got joke for you brian
[11:18] {nemo} Guy goes into a store
[11:18] {Threei} uh oh
[11:18] {brian3579} ok
[11:18] {nemo} Sees all these jars of brains
[11:18] {nemo} all for sale
[11:18] {nemo} 1st jar: English brains 4.50 lb.
[11:19] {nemo} 2nd jar: French brains 3.80 lb.
[11:19] {nemo} 3rd jar: German brains 4.85 lb.
[11:19] {nemo} 4th jar: Italian brains 189.95 lb.
[11:19] {nemo} guy goes wtf!
[11:19] {nemo} How can those other brains be under $5 a lb.
[11:20] {nemo} and an italian's goes for so much?!
[11:20] {nemo} salesman says, "Have you any idea how many italians it takes to get a pound of brains?"
[11:20] {dino} roflol
[11:20] {nemo} by the way, I'm italian
[11:21] {nemo} well, 1/2
[11:22] {brian3579} good start keep them coming
[11:22] {larisa} no more than 1 a week
[11:22] {dino} hotdog walks into a bar, says i'll have a beer
[11:22] {brian3579} ok
[11:22] {dino} bartender says, sorry we don't serve food
[11:23] {larisa} lol
[11:23] {nemo} rimm shot!!!
[11:23] {brian3579} ohhhh
[11:23] {brian3579} when market is in coma
[11:23] {brian3579} joke time
[11:25] {brian3579} hgsi 20 break?
[11:25] {Threei} nah
[11:25] {Threei} .80 was it
[11:26] {Threei} 20, could be later on,
[11:26] {brian3579} k
[11:26] {Threei} if it consolidates for awhile
[11:26] {Threei} between .90 and 20
[11:26] {Threei} AIG fast drop
[11:28] {Threei} SEC reportedly delayed an inspection of a possible 'questionable' credit rating agency (related MCO MHP FIM.FR )
06[11:33] * magoo slaps laserdave around a bit with a large trout
[11:33] {Threei} way to stay focused mags
[11:35] {magoo} i was disappointed in my reation time..2 mins unacceptable :)
[11:36] {magoo} so glad i am not in AIG
[11:36] {magoo} i am fat..flat.. and looking at the gap
[11:36] {Threei} yup
[11:40] {magoo} no clue where it could bounce..up so much
[11:42] {Threei} retest of 51.50 from here
[11:42] {Threei} and if holding, bounce starts
[11:42] {Threei} big one
[11:42] {Threei} take it keep stip under .50 mags
[11:43] {Threei} I grabbed .63 between typing
[11:43] {Threei} bad typing too
[11:43] {Threei} out 1/3 .88
[11:44] {Threei} offering 1/3 more 52.25
[11:44] {magoo} i missed..went for coffee
[11:44] {Threei} jeez
[11:44] {magoo} or in a cvoma..your choice
[11:44] {Threei} and I risked missing it to type it in time for you
[11:45] {Threei} out
[11:45] {magoo} go ahead ..heckle me...made tons when u did
[11:45] {dino} tif sm s .70, stop .01
[11:45] {Threei} nah, just 25 cents
[11:45] {Threei} and -13 on the balance
[11:45] {magoo} C pummel
[11:45] {Threei} so all in all washout
[11:46] {Threei} but risk was small enough to try
[11:46] {magoo} was good
[11:47] {magoo} lesson for room vad here...on stops..point out this because we been pushuing momo of late
[11:47] {Threei} momo or not... stop is stop
[11:48] {magoo} im trying to show down side of these type so newer traders dont get crushed
[11:48] {nemo} 50.50 was the low of yesterday, bounced
[11:48] {Threei} it's not for discussion, it's not for thinking, it's not for second guessing
[11:48] {Threei} it's for taking
[11:49] {dino} vad, the machine
[11:49] {nemo} Yep, I might have problems taking trades, but I got no problem taking stops
[11:49] {magoo} if it loses 50..UGH
[11:49] {Threei} then I have just an idea nemo
[11:49] {Threei} how about you take some of mine
[11:50] {nemo} stops...I never don't take them, slippage some times but that's it
[11:50] {Threei} AIG momo is just as good on the downside...
[11:50] {Threei} too bad we don't have inventory for it
[11:50] {Threei} would be thing of beauty to make money off it on both sides
[11:51] {magoo} was just thinkoing that
[11:51] {Threei} 'cause you know... it will take just one more idiot on CNBC giving it $500 target for it to drop 20 bucks more
[11:51] {nemo} other financials, except for GS falling
[11:52] {nemo} mmmmhhhhh fas and aig look alot alike
[11:52] {nemo} we can short fas or play faz
[11:52] {dino} clw sm l .34
[11:53] {dino} wide
[11:53] {wulff} RIMM short below 74
[11:53] {Threei} it's not the same nemo... 20 cents in FAZ?
[11:53] {Threei} nothing after all this dollars in AIG
[11:54] {Threei} nice setup wulff
[11:54] {nemo} I understand, but we can't make money on the downside of aig
[11:54] {Threei} if market breaks down, should be a beauty
[11:55] {dino} tif b\stop to flat
[11:56] {wulff} in .97
[11:57] {nemo} gap close aig
[11:57] {dino} out tif +.05
[11:57] {Threei} [09:10] {Threei} if it's a last gasps, shaking out last bears... can just reverse and go down with very few bounces
[11:58] {magoo} insightful..who said that
[12:06] {wulff} anyone in an AIG mood?
[12:06] {magoo} could see 45
[12:15] {nemo} oh boy
[12:16] {Threei} IA) IAEA: Iran has 8,300 installed centrifuges; slightly lower than prior; country has fulfilled request for better monitoring of Natanz plant
[12:16] {Threei} - Comments that the rate of increase stockpile of enriched uranium has slowed; stands at approx 1,510 kg
[12:16] {Threei} - Puts completion of Arak Heavy water plant at approximate 60%
[12:18] {Threei} wulff
[12:18] {Threei} start covering RIMM IMO
[12:19] {magoo} [12:06] {wulff} anyone in an AIG mood?
[12:19] {magoo} [12:06] {magoo} could see 45
[12:42] {dino} .
[12:42] {nemo} market died
[13:05] {Threei} Long Setup: AIG .10 break
[13:05] {Threei} half lot
[13:05] {Threei} if stays abobe .90
[13:06] {Threei} 1:1
[13:06] {Threei} easy money
[13:07] {Threei} and I never thought I'd say that about AIG'
[13:07] {Threei} 1:2, out
06[13:07] * Threei slaps magoo around a bit with a large coma-awakener
[13:07] {Threei} 1:3... without me
[13:09] {Threei} you all are asleep?
[13:09] {Threei} why do I bother then
[13:10] {larisa} call normal stock you will see some are alive :)
[13:10] {Threei} Long Setup: NORMALSTOCK
[13:11] {larisa} lol
[13:11] {Threei} nope
[13:11] {Threei} see... everyone's asleep
[13:11] {larisa} back to 55 ?
[13:12] {Threei} dunno, but so far looks good
[13:15] {magoo} lets stay on it vad
[13:15] {Threei} nope
[13:16] {Threei} I am, in words of former president, misunderappreciated
[13:16] {Threei} like dino
[13:16] {Threei} we will go to mountain cave, three of us
[13:16] {Threei} I, dino and 6 pack
[13:17] {nemo} better bring a few kegs
[13:17] {dino} indeed
[13:17] {Threei} good bye cruel world
[13:17] {larisa} 6 pack abs or somefing else ?
[13:18] {Threei} wrong age
[13:18] {Threei} after 40 - keep abs, gimmie my beer
[13:18] {larisa} wrong attitude, i bet dino is different !
[13:19] {Threei} well, dino is young in spirit
[13:19] {dino} i try larisa, but i fear i am losing the battle
[13:19] {Threei} yeah, sooner or later beer wins
[13:19] {Threei} time is on its side
[13:25] {dino} tyy drop
[13:30] {dino} miseed it
[13:30] {dino} dllr
[13:33] {Threei} 62% Like Tax Cuts Over More Government Spending
[13:33] {dino} tif
[13:33] {Threei} crap
[13:34] {Threei} 38%???
[13:34] {nemo} that's easy, that's the 38% that don't pay taxes anyway...if taxes get cut, they lose money
[13:34] {Threei} ok
[13:34] {Threei} ty
[13:35] {Threei} faith in humanity is back
06[13:35] * nemo slaps Threei around a bit with a large trout
06[13:35] * nemo slaps Threei around a bit with a large 2X4
06[13:35] * nemo forgot the nails
[13:35] {Threei} what was that for?
[13:35] {nemo} faith in humanity
[13:38] {Threei} wulff... tell me you covered RIMM
[13:39] {wulff} yes
[13:39] {Threei} :)
[13:40] {Threei} missed AIG call though
[13:40] {Threei} went up over a buck
[13:40] {Threei} with 20 cents stop
[13:40] {wulff} was at lunch
[13:40] {Threei} who said you guys are allowedd to leave during trading day anyway
[13:41] {Threei} with haklf lot, that was $500 lunch
[13:42] {wulff} I know...believe me
[14:05] {fernp} have to go. not a great day here, monday will be better. Have a nice weekend all
[14:05] {magoo} bye
[14:05] {Threei} take care fern
[14:06] {nemo} cya
[14:06] {Threei} we had 4 great ones in a row
[14:06] {Threei} one is so so
[14:08] {fernp} yeah. overall, week ended in positive :)
[14:08] {fernp} see you
[14:22] {dino} pard\
[14:26] {wulff} VAD going to be leaving the room at end of month
[14:27] {wulff} wanted to say thanks
[14:27] {dino} good luck to you wulff
[14:27] {wulff} TY
[14:27] {nemo} must have been my sense of humor
[14:27] {Threei} welcome wulff, hope it was a good experiwence
[14:27] {wulff} hardly
[14:28] {larisa} lol
[14:28] {wulff} the best
[14:28] {Threei} hardly good} or hardly nemo?
[14:28] {Threei} lol
[14:28] {larisa} rofl
[14:28] {Threei} hey, you know where to find us
[14:28] {wulff} feel like I am on the right side of the trade now
[14:28] {Threei} great :)
[14:29] {dino} wtg
[14:44] {Threei} US Govt: Iran still not fully cooperating with International community with regards to nuclear program
[14:44] {Threei} - Note: The IAEA gave a generally positive to neutral report on Iran's nuclear program earlier today
[14:45] {Threei} NVAX Spain has reportedly cleared another 330M in spending for H1N1 prevention (5.96, +0.31, 5.49%)
[14:46] {Threei} NVAX daily is encouraging
[14:46] {Threei} I wish it broke this high in a more solid fashion thatg this crazy spike
[14:46] {Threei} butit's back on a radar
[14:46] {Threei} with BCRX
[14:47] {Threei} look at the pace
[14:47] {Threei} looks familiar?
[14:48] {Threei} wake up!!!
[14:49] {Threei} two momos at hand
[14:49] {nemo} watching both
06[14:49] * Threei slaps magoo around a bit with a large momo alarm
[14:50] {magoo} in nvax
[14:50] {Threei} welff don't leave... I can't stand these jellyfishes
[14:50] {Threei} wulffd
[14:50] {nemo} market's spiking too
[14:51] {Threei} too bad weekend is ahead
[14:52] {Threei} if tomorrow was trading day we would most likely have NVAX/BCRX mania
[14:55] {wulff} do what I can to kick the momo out of slo mo
[14:56] {Threei} Spain has cleared 270M for a vaccination program and the balance for drugs and educational programs
[14:58] {Threei} BCRX :)
[15:12] {Threei} WSJ: 71% of Cerberus investors have chosen to leave 2 of the fund's vehicles
[15:12] {dino} dllr l .23
[15:18] {nemo} aig
[15:21] {dino} out clw .73, +.39
[15:27] {Threei} good boy NVAX... let's do end of day run, will ya
[15:27] {Threei} and finish above .20
[15:28] {Threei} I may even consider taking some home
[15:28] {magoo} how about BCRX ?
[15:29] {Threei} candidate too, just more risky for a hold
[15:32] {Threei} 51% Rate Alcohol More Dangerous Than Marijuana
[15:36] {dino} they are pushing it for legalization, for tax reasons
[15:39] {Threei} what, no run?
[15:40] {nemo} huh?
[15:40] {Threei} no worry nemo, sleep tight
[15:40] {nemo} run was early today, it's friday
[15:40] {Threei} sigh
[15:40] {Threei} way to follow the conversation
[15:41] {nemo} BCRX NVAX?
[15:41] {Threei} uhhu
[15:41] {nemo} they had the early run, even you said, too bad it's Friday...little did you know...
[15:41] {dino} hmmmmmmmmmmmmmmmmmmm
[15:41] {Threei} double sigh
[15:42] {dino} fwiw magoo ran down the hallway awhile ago
[15:42] {nemo} can't get the jbe every time
[15:42] {Threei} my "too bad it's friday" was concerning NEXT day run
[15:42] {nemo} to do what exactly dino?
[15:42] {dino} but you can get the beer
[15:42] {Threei} 14:52] {Threei} if tomorrow was trading day we would most likely have NVAX/BCRX mania
[15:42] {nemo} me? Going to work out after
[15:43] {dino} good, me back to it monday
[15:53] {Threei} okay guys, lacklustre ending... hoped for some last minute fireworks in this pair
[15:54] {Threei} but Friday apathy took over
[15:54] {larisa} just look if there are news on FITB and you can go :)
[15:54] {nemo} P&Q take care Wulff
[15:54] {Threei} nothing on FITB
[15:54] {larisa} ty
[15:55] {Threei} gave a great weekend all
[15:55] {Threei} have too
[15:55] {larisa} see you next week all, good luck wulff :)
[15:55] {Threei} see you on Monday
[15:58] {cosmo} monday ... will never come...
[15:59] {dino} out snp flat
[15:59] {larisa} cosmo, have fun on vacation or retirement or both!! :)
[16:00] {dino} have fun cos.
[16:00] {cosmo} know how it is i guess...
[16:00] {dino} wulff take care bro
[16:00] {cosmo} thx....wish me luck...
[16:01] {dino} good luck\
[16:02] {larisa} :)
[16:04] {wulff} thanks
[16:05] {magoo} thanx all
[16:18] {dino} gn all

Thursday, August 27, 2009

Aug 27 2009

The day started nicely with 40 cents HIG long trade off a pullback, continued with AIG and IMMUlong trades, and then it was all about AIG. August ends with a great run so far.

Session Time: Thu Aug 27 00:00:00 2009

[08:05] {Threei} Wednesday, August 26, 2009 8:43:34 PM
[08:05] {Threei} FT comments on the recent gains in shares of AIG, Fannie Mae and Freddie Mac
[08:05] {Threei} - AIG has risen by 150% since Aug 3, and shares of Fannie and Freddie have both gained about 250%.
[08:05] {Threei} - A combination of rumors, momentum and the low cost of the shares have all contributed to the moves in the shares.
[08:05] {Threei} - The gains in shares of Fannie and Freddie have been partially driven by the recent stabilization of the US housing market and speculation that the US government would extend its tax credit for first-time homebuyers.
[08:05] {Threei} - Trading has also been driven by a recent widely read analysis of Fannie and Freddie's long-term earnings potential by John Hempton, portfolio manager at Bronte Capital.
[08:05] {Threei} - A short squeeze may also be partially responsible for the share price gains.
[08:06] {Threei} (US) Reportedly, the Fed is seeking to delay disclosing its emergency lending data
[08:06] {Threei} - On Aug 24, a Manhattan judge ruled that the Fed had until Aug 31 to disclose its daily reports on borrowing by banks and other financial firms.
[08:06] {Threei} Fed's lacker: Housing and autos are no longer drag on GDP
[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 570K V 565KE; CONTINUING CLAIMS: 6.133M V 6.242ME
[08:30] {Threei} - Prior jobless claims revised from 576K to K
[08:30] {Threei} - Prior Continuing Claims revised from 6.241M to ...more... (related SHY SPY EUR/USD USD/JPY USO IYM RTH )
[08:30] {Threei} *Q2 PRELIMINARY GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.0% V -1.3%E
[09:03] {magoo} morning
06[09:03] * nemo slaps magoo around a bit with a large trout
[09:04] {Threei} magooevsky :)
[09:04] {magoo} vasillee:)
[09:05] {magoo} whats correct spelling anyway?
[09:05] {nemo} of what
[09:05] {larisa} vasilisa the beautiful :)
[09:05] {nemo} mornin' lari
[09:06] {larisa} gm :)
[09:07] {magoo} news immu ba vad?
[09:08] {Threei} hmm
[09:09] {Threei} for some reason I have none
[09:09] {dino} lupus drug news
[09:10] {Threei} UCB Group And Immunomedics, Inc. Announce Positive Results for Epratuzumab Phase IIb Study in Systemic Lupus Erythematosus (SLE)
[09:10] {Threei} crap
[09:10] {Threei} they were inside SLE news
[09:10] {Threei} so I missed
[09:11] {Threei} also keep an eye on CLNE
[09:11] {Threei} darn thing started forming beautiful breakout at 11.10, and I intended to watch it for a break today
[09:11] {Threei} of course it had to have news and gap over that
[09:12] {bluejet} gm
[09:12] {Threei} blue :0
[09:12] {nemo} ford
[09:18] {dptl} good morning
[09:18] {Threei} dp :)
[09:19] {cosmo} atsi
[09:19] {cosmo} 3 support
[09:19] {fernp} good morning everybody
[09:20] {Threei} fern :)
[09:22] {dino} gm
[09:23] {larisa} morning dino :)
[09:24] {dino} :)
[09:29] {dino} sigm
[09:31] {Threei} dino :)
[09:31] {dino} pcp
[09:32] {dino} deo
[09:33] {magoo} BA no down
[09:34] {nemo} announced testflight schedule of 787
[09:34] {magoo} i know
[09:34] {magoo} ty
[09:34] {Threei} Long Setup: HIG 22.70 break
[09:34] {Threei} stop under .60
[09:38] {Threei} enough games HIG, it's time
[09:38] {nemo} defecate or get off the commode?
[09:39] {Threei} sigh
[09:39] {Threei} crude... but colorful
[09:39] {nemo} no scatalogically profane references
[09:39] {Threei} 1:1, half out
[09:40] {fernp} ty Vad
[09:40] {Threei} offering 1/4 more at .91
[09:40] {Threei} welcome
[09:40] {magoo} gr.93 here
[09:41] {Threei} that was beautiful little explosion
[09:41] {magoo} yea
[09:41] {Threei} .90 break will lauinch next one
[09:41] {magoo} the commode got it
[09:41] {Threei} rofl
[09:41] {nemo} hehehehe
[09:42] {nemo} time for the bidet?
[09:42] {Threei} 1:2
[09:42] {magoo} out TY BOSS
[09:42] {Threei} 1/4 more out
[09:42] {Threei} wow
[09:42] {dino} pcp sm s .75
[09:42] {Threei} out in full 23.10
[09:42] {Threei} +.40
[09:42] {Threei} can I go home?
[09:43] {nemo} Oh, jeez...alzheimer's
[09:43] {magoo} c'mon..just getting started...maybe at 7 for 7 ill consider it
[09:44] {Threei} IMMU bounced decently off 6
[09:44] {Threei} let's see if there is double bottom in it
[09:45] {magoo} over 8 premkt
[09:46] {dino} vov pcp .15, +.60
[09:46] {dino} cov
[09:48] {magoo} decent pllbk HIG
[09:49] {dino} igk
[09:51] {Threei} AIG
[09:51] {Threei} pace picks up
[09:51] {magoo} vad..maybe Q bounce play?
[09:52] {Threei} and again starts feeling like going insane
[09:52] {fernp} HIG pullback, Vad?
[09:53] {Threei} most likely the same setup once again
[09:53] {Threei} .70 breaak if holding .60
[09:53] {fernp} ok
[09:53] {nemo} oops, support disappeared
[09:53] {Threei} invalidated
[09:53] {Threei} let's wait for the next one
[09:54] {Threei} AIG
[09:54] {Threei} 41 brweak
[09:54] {Threei} if holding 40.80
[09:54] {nemo} oops
[09:54] {magoo} oh no........
[09:54] {Threei} no need to say, smallish shares
[09:54] {magoo} not sure im up to it just yest
[09:54] {magoo} yet
[09:55] {Threei} 1:1
[09:55] {wulff} held overnight 100
[09:56] {nemo} magoo got the flu?
[09:59] {Threei} once again
[09:59] {Threei} same setup AIG
[10:00] {Threei} invalidated
[10:00] {magoo} yea..the one gong around swinehangover
[10:00] {Threei} FDIC: Troubled bank list to in Q2 416 v 305 in Q1
[10:00] {Threei} - Total assets of 'problem' institutions at $B from $220B in Q1
[10:00] {Threei} - FDIC insured institutions net income $B vs $7.6B in Q1
[10:00] {Threei} - Q2 net charge offs $B vs $37.8B in Q1
[10:00] {Threei} - Deposit insurance fund fell % ($B) to $B vs $13.B in Q1
[10:01] {magoo} IMMU your double buns
[10:01] {magoo} mkts getting kicked tho
[10:02] {Threei} Long Setup: IMMU .10 break
[10:02] {Threei} if stays above 6
[10:04] {Threei} 1 cent shy of 1:1??
[10:04] {Threei} come on
[10:04] {magoo} in
[10:04] {Threei} NYMEX Oct crude futures move belows $70/barrel; off by $1.50
[10:05] {magoo} ok lets try this
[10:05] {magoo} get off the commode immu
[10:06] {magoo} Q bounce?
[10:06] {Threei} lol... started typing long AIG .50...
[10:06] {Threei} quess where it was by the time I finished typing
[10:06] {Threei} (US) FDIC's Bair: US financial sector may be at a turning point in regards to asset quality, hopeful that credit probems will moderate in coming quarters
[10:06] {Threei} - Asserts the FDIC has ''ample resources" to protect deposits.
[10:06] {Threei} - Decline in insurance fund balance does not diminish the FDIC's ability to protect depositors.
[10:06] {Threei} - Expects the number of problem banks and bank failures to remain elevated even as economy begins to recover.
[10:06] {Threei} - Loan loss provisions have lowered bank earnings, provisions will remain at elevated levels for some time
[10:06] {Threei} - Credit problems will outlast the recession by at least two quarters.
[10:10] {nemo} mmhhhh big orer .15 on immu
[10:10] {nemo} order
[10:10] {nemo} sell order that is
[10:10] {nemo} big bid .05
[10:10] {Threei} and none of the matters
[10:10] {Threei} them
[10:12] {Threei} should slice through now
[10:12] {Threei} there
[10:12] {Threei} 1:1
[10:13] {Threei} that's 3 for 3... I need 4 more to go home??
[10:13] {Threei} life is unfair
[10:13] {magoo} yea
[10:13] {nemo} that's just for the morning Vad
[10:14] {magoo} ROFLOL nemo
[10:14] {Threei} you greedy basterds
[10:14] {nemo} bastard
[10:14] {nemo} me
[10:14] {Threei} no'
[10:14] {nemo} you here anbody else
[10:14] {Threei} learn to spell
[10:14] {cosmo} bastids
[10:14] {nemo} spel
[10:14] {Threei} bastids, bastages
[10:14] {Threei} or per tarantino, basterds
[10:15] {magoo} out .27 IMMU ty
[10:17] {Threei} over 1:2
[10:18] {dino} sigm l .60
[10:21] {Threei} frikin CLNE
[10:21] {magoo} dam IMMU
[10:23] {nemo} nice contrarian indicator their magoo
[10:24] {Threei} ok, I realize my influence is not a good one when it comes to language skills... but at least try to make it understandable, will ya
[10:24] {nemo} huh?
[10:24] {magoo} huh?
[10:24] {wulff} AIG tight range
[10:25] {Threei} {nemo} nice contrarian indicator their magoo
[10:25] {Threei} huh?
[10:25] {nemo} as soon as he said that it tanked 20 cents
[10:25] {magoo} the spelling?
[10:25] {magoo} out Q bounce .83 +.13 ty vad
[10:25] {nemo} spelink
[10:26] {Threei} you are welcome but I never called it
[10:26] {nemo} brownnoser
[10:26] {magoo} do u want the win or not lol?
[10:27] {Threei} lol
[10:27] {nemo} Vad does not need to burnish his stellar record with falsehoods
[10:27] {nemo} (now that's brownnosing)
[10:27] {Threei} sigh
[10:27] {Threei} I want my coma back
[10:27] {nemo} tomorrow will be a good coma day
[10:27] {magoo} that does it......................
06[10:28] * magoo slaps nemo around a bit with a large trout
06[10:28] * magoo slaps nemo around a bit with a large trout
06[10:28] * magoo slaps nemo around a bit with a large trout
06[10:28] * magoo slaps larisa around a bit with a large trout
06[10:28] * nemo slaps magoo around a bit with a large venison steak
[10:28] {dino} intu l .12
[10:28] {magoo} HEY.,.what that for?
[10:28] {nemo} you like venison?
[10:29] {nemo} Dino...the one adult
[10:31] {Threei} Raven too but he gave up on us
[10:31] {magoo} what is this "venissan" of whicjh u so fondly speak of?
[10:31] {nemo} alright fine
06[10:31] * nemo slaps magoo around a bit with a large venison backstrap
[10:32] {nemo} rimm Vad
[10:33] {nemo} oh well
[10:37] {Raven} {}
[10:38] {dino} sigm stopped -.12
[10:39] {dino} intu stopped flat
[10:44] {Threei} IMMU p;ace picks up
[10:45] {wulff} AIG
[10:49] {wulff} new high
[10:49] {magoo} i caut AIG .80 to .43 ty vads
[10:49] {Threei} lol
[10:49] {Threei} AIG goes to 43
[10:49] {magoo} in'
[10:51] {wulff} in at 41.42
[10:53] {magoo} exit .74
[10:53] {magoo} trying
[10:55] {magoo} OUT TY vad..thats 7 i beklieve
[10:56] {Threei} half out .85
[10:56] {Threei} offering second half 43.05
[10:56] {magoo} may reload
[10:57] {Threei} out
[10:57] {magoo} NICE
[10:57] {Threei} chant, all together: momo, momo, momo
[10:58] {wulff} +1.5
[10:59] {magoo} man vad...reminds me of good ole times..remember?
06[10:59] * magoo slaps wulff around a bit with a large trout
[11:00] {magoo} add nice profuits
[11:00] {nemo} this is around AIG's pre reverse-split high
[11:01] {magoo} it only amounts to a pre rev split of appx 2.40 bux
[11:01] {magoo} 1 dollar to 27 dollar split
[11:01] {nemo} 1:10
[11:01] {nemo} 1:27!!??
[11:01] {magoo} yea
[11:02] {nemo} whoa? Guess they'll have to split soon :)
[11:02] {magoo} 20 : 1 soorry
[11:02] {magoo} still
[11:03] {dino} pw4rd l .82
[11:04] {Threei} IMMU momo
[11:04] {wulff} hast 43 sale
[11:04] {wulff} hasty
[11:06] {Threei} see IMMU?
[11:06] {Threei} see AIG?
[11:06] {Threei} learning to spot those momos?
[11:07] {wulff} after, yes
[11:07] {larisa} lol
[11:07] {wulff} have to partial out for the moves
[11:08] {Threei} it's ll come...
[11:08] {Threei} have you traded in 1998-2000?
[11:08] {wulff} not well
[11:09] {Threei} Brian!
[11:09] {Threei} welcome back
[11:09] {brian3579} hello all long time no talk
[11:09] {Threei} couldn't you come in a few hours earlier? would be a few hundreds(thousands) richer
[11:10] {brian3579} haha
[11:10] {Threei} HIG, AIG, IMMU... full day of beauties
[11:10] {brian3579} aig wow
[11:11] {nemo} look for aig @ .20?
[11:11] {nemo} 44.20 that is
[11:11] {larisa} 45 44 or 43 ?
[11:11] {larisa} lol
[11:12] {nemo} R3 44.17
[11:15] {Threei} anyway... brina, how have you been?
[11:15] {Threei} brian, sorry... our typing is still where it used to be
[11:15] {brian3579} very good hahaha
[11:15] {brian3579} you
[11:20] {dptl} .
[11:21] {dptl} am i here?
[11:21] {Threei} anyone seen dp lately?
[11:21] {magoo} no..wherres he been?
[11:21] {dptl} :)
[11:21] {nemo} no, must be drying out somewhere
[11:21] {Threei} yeah, too bad he is not here... nice guy
[11:22] {Threei} when sober
[11:22] {Threei} which never happens
[11:22] {Threei} IMMU round 3
[11:28] {brian3579} hig
[11:29] {Threei} IMMU, if you feel like dipping toes once again
[11:29] {Threei} .10 break
[11:29] {Threei} if stays above 7 of course
[11:31] {Threei} no go this time
[11:34] {magoo} out AIG .11 a point
[11:35] {magoo} beware of its anbility to do a 3 pt candle drop in 1.76 seconds everyone
[11:35] {Threei} lol
[11:35] {magoo} im more scared of it today
[11:36] {nemo} 13 dollars in less than 3 hours, don't know why
[11:36] {wulff} do you need to?
[11:36] {nemo} just hope it'll be available short on the way down
[11:36] {Threei} yeah, what could possibly be scary about that
[11:36] {wulff} fell free
[11:36] {wulff} feel
[11:37] {magoo} out AGAIN .11 AIG
[11:37] {magoo} AFRAID
[11:37] {magoo} but RICH
[11:37] {nemo} no, don't know why he'd be scared if it jumped $13 in 3 hours
[11:37] {nemo} tung in cheec
[11:38] {nemo} watching aig you wouldn't think the market was own
[11:39] {wulff} I say 50 halts it
[11:40] {nemo} 70
[11:40] {Threei} my bet is 53
[11:40] {nemo} actually 1:00 pm
[11:43] {dino} aef l .10
[11:44] {dino} imagine being long in a halt
[11:44] {nemo} frickin nightmare
[11:45] {nemo} {wulff} I say 50 halts it
[11:45] {nemo} sfsg
[11:45] {dino} thing could open 15 lower
[11:45] {Threei} 9 cents shy... what's up with this sloppiness wulff
[11:46] {nemo} huh...I have a high of 50.04
[11:46] {wulff} I spilled my beer..
[11:46] {Threei} hmm.. 49.91 here
[11:46] {nemo} I'm on laser
[11:46] {dino} alcohol abuse
[11:47] {nemo} quote server 7
[11:47] {wulff} Your call of 43 ceiling seems funny now
[11:47] {Threei} i never said it will top there
[11:47] {Threei} I said it goes to 43 when it was 42
[11:48] {dino} i suppose it goes to 100, that would be 5, from reverse
[11:49] {brian3579} vad does the room have a sound alert when you post a message?
[11:49] {nemo} oh jeez
[11:49] {dino} not for you brian, lol
[11:49] {brian3579} haha
[11:49] {nemo} jokes on you
[11:50] {brian3579} that hurts
[11:50] {nemo} time to open old wounds
[11:51] {nemo} Mmmmmmhhhhh....mags....brian....
[11:51] {Threei} lol... you guys
[11:51] {Threei} if you use mirc, yes
[11:51] {Threei} if mibbit no
[11:51] {nemo} Mags....brian
[11:52] {nemo} o.k. fine
06[11:52] * nemo slaps brian3579 around a bit with a large trout
[11:53] {brian3579} long time time between slaps
[11:54] {Threei} well
[11:54] {Threei} 50 break is C&H on AIG
[11:54] {wulff} but,but...
06[11:55] * nemo slaps brian3579 around a bit with a large trout
[12:02] {Threei} double top so far AIG
[12:05] {nemo} hig looking toppy too
[12:17] {Threei} American International Group, Inc CNBC teasing upcoming segment for a discussion on stock price behavior
[12:17] {Threei} - anchor says their guest has a price target that "will get alot of attention"
[12:17] {Threei} AIG CNBC guesttarget $100; could rise to $200 or $300/shr; recent move higher based on liking new CEO (49.03, +11.34, 30.09%)
[12:17] {Threei} sigh
[12:19] {dino} and yet the company is broke
[12:26] {bluejet} vad, did you have aig?
[12:26] {Threei} hmm?
[12:26] {Threei} when?
[12:27] {bluejet} did you trade it today? I missed it both yesterday and today
[12:27] {Threei} yes
[12:27] {bluejet} good job
[12:29] {Threei} I alled it a few times today... you slept through it? :)
[12:29] {bluejet} no. but i need to take care of kid
[12:30] {larisa} plus some traders are sane, we stay poor but safe :)
[12:30] {Threei} I used to have two of those
[12:30] {Threei} HIG... thinkinbg of 24 break
[12:31] {bluejet} LOL. I am still in that boat. I have q: even if I am here, i would be hesitate to take long since mkt was down this morning. how do you deal with the relationship between a single stock and overall mkt?
[12:31] {dino} pull up a chart
[12:33] {Threei} wow... that's not someothing I could answer without 1 hour lecture
[12:33] {dino} and i did it in 4 words
[12:34] {dino} bustin' ya vad
[12:35] {dino} stop to .94 pwrd
[12:40] {fernp} have to go. see you all tomorrow
[12:41] {Threei} take care fern
[12:49] {Threei} market is frozen
[12:49] {Threei} coma time
[12:50] {nemo} aig freefall
[12:51] {brian3579} vad this is why im back was hoping you would make me laugh during coma time
[12:51] {Threei} :)
[12:51] {Threei} that guest assigning 100, 200 and 300 targets... can you think of beter indication of the top?
[12:52] {nemo} Cramer
[12:55] {Threei} well... AIG is not available for short
[12:55] {Threei} too bad
[12:55] {nemo} that figures
[12:55] {Threei} just tried 48.20
[13:02] {Threei} indirect bidders take 61.2% of competitive bids
[13:02] {Threei} - notes draw 3.092% with 46.3% alotted at the
[13:02] {Threei} high
[13:03] {nemo} interesting look at Fas around 12:30 and tlt around 12:45, the news was out
[13:11] {Threei} covering paper half at paper 47.50 for paper +.70
[13:11] {nemo} on aig in a coma....
[13:14] {Threei} what else can I do if that's the trade AI wanted to take and ikt's unavailable
[13:15] {wulff} been gone for a while, see my 50 held
[13:16] {Threei} you were helped by some "CNBC guest" who said it's goling to 300
[13:16] {Threei} that's whaen it dropped like a stone
[13:17] {Threei} taking paper profit in full at paper 46.90 for paper gain of paper $1.30
[13:21] {Threei} ok, if nothing else, want a little bit of educational blabber?
[13:21] {nemo} sigh
[13:21] {Threei} okay... sorry... back in coma
[13:21] {larisa} yes
[13:22] {nemo} sensitive, isn't he...
[13:22] {Threei} that's me
[13:22] {Threei} just wanted to offer the way 48.20 became a short level
[13:22] {Threei} any guesses?
[13:22] {larisa} i was looking at it, i want to know :)
[13:23] {Threei} inquiring mind...
[13:23] {Threei} unlike nemo's
[13:23] {nemo} old support becomes new resistance?
[13:23] {larisa} what time entry ?
[13:23] {Threei} [12:55] {Threei} just tried 48.20
[13:23] {brian3579} my guess same as nemo
[13:23] {Threei} it is, as far as entry on bounce goes,
[13:24] {nemo} poor brian...he doesn't know about me
[13:24] {Threei} but before that there was a bigger picture:
[13:24] {Threei} yeah brian, before I continue, keep in mind:
[13:24] {Threei} having same thoughts as nemo is a very bothersome sign
[13:24] {brian3579} haha
[13:24] {Threei} in that big picture we have:
[13:24] {nemo} jump now
[13:25] {Threei} double top at 50 (beautiful call by wqullf),
[13:25] {brian3579} light volume on move back too 48.20
[13:25] {Threei} 48 area is a bottom between two tops,,
[13:25] {brian3579} i see
[13:25] {brian3579} thats why im back not the jokes
[13:25] {Threei} retested at 12:05 - 12:10,
[13:25] {Threei} lower high,
[13:26] {Threei} slow slide into 48.20,
[13:26] {Threei} little consolidation,
[13:26] {Threei} the breakdown and sharp drop.
[13:26] {Threei} Volume spike on hat drop,
[13:27] {Threei} then bounce into former support, now resistance (nemo and brian's idea, bery very afraid of the company brian)
[13:27] {Threei} volume drying up on the bounce,
[13:27] {Threei} and that's that.
[13:27] {Threei} Break charts by elements, identify all these simple patterns,
[13:28] {Threei} you get your play structured and served on a dish with blue rim
[13:28] {larisa} so at what point you know that momo is gone and technicals are back? :)
[13:28] {Threei} CNBC guest
[13:28] {larisa} lol
[13:28] {Threei} :)
[13:28] {nemo} I just can't watch
[13:28] {Threei} seriously... assigning insnae targets to a stock that went through such run, and stock drops after that
[13:29] {Threei} what else do you need to call a top, lol
[13:29] {nemo} dead chicken
[13:29] {nemo} coupla diagrams
[13:29] {nemo} Ouija board
[13:30] {nemo} magic words
[13:38] {Threei} [13:25] {brian3579} thats why im back not the jokes
[13:38] {Threei} now, we all know that is not true
[13:39] {brian3579} haha
[13:54] {Threei} DRYS Dry bulk shipping stocks moving higher in last 30 minutes
[13:54] {Threei} - the strength may be attributable to China Cosco, Asia's largest shipping firm by market value... (6.26, +0.57, 10.02%) more... (related EGLE DSX 1919.HK )
[13:55] {Threei} stating in its earnings release this morning that it would consider cancelling or postponing new container ship orders (thus easing concerns about a container ship glut).
[13:55] {bluejet} I have to leave. Thanks, vad. see you tomorrow
[13:55] {Threei} take care blue
[13:57] {magoo} any read AIG vad?
[13:58] {Threei} nope, bcome fairly random
[14:00] {dino} pcp hod
[14:19] {dino} igk drop
[14:23] {Threei} mags
[14:23] {Threei} if you really really want it
[14:23] {Threei} AIG is probably worth a try here
[14:24] {Threei} there, good pullback to try
[14:27] {Threei} sell half here
[14:28] {Threei} stop to about .70, and try to ride it to 48.50 or so
[14:30] {wulff} see y'all tomm..
[14:31] {Threei} take care wulff
[14:31] {Threei} here we go
[14:31] {Threei} feel free to exit
[14:31] {Threei} nice 60 cents
[14:32] {Threei} who am I talking to...
[14:32] {dino} upl
[14:33] {brian3579} i still want a joke
[14:33] {Threei} nope
[14:33] {Threei} no calls, no jokes
[14:33] {nemo} get a mirror?
[14:34] {brian3579} wow
[14:34] {Threei} me misunderappreciated
[14:34] {nemo} that means you're over appreciated
[14:34] {Threei} not according to a former president
[14:34] {nemo} or Roger Clemens...he was mis heard
[14:34] {Threei} who was misunderestimated
[14:35] {nemo} Bin Laden?
06[14:35] * Threei slaps magoo around a bit with a large and beautiful AIG rally which magoo missed
[14:36] {magoo} out .81 +1.11
[14:36] {magoo} tyt vad
[14:38] {Threei} qwhew
[14:38] {Threei} thank you
[14:38] {dino} igk l .85\
[14:42] {magoo} vad if IF AIG takes 50...a powerful long trigger imo
[14:43] {Threei} yes but try to enter on pullback
[14:43] {Threei} like this
[14:43] {magoo} in .08
[14:44] {Threei} breaks are surefire recipe for shakeouts on this one
[14:44] {Threei} entry on pullback into .30 when I said "like this" - look what a beauty
[14:44] {Threei} 40 cents in one gasp
[15:05] {brian3579} nemo tell me a joke
[15:12] {magoo} merr halt
[15:14] {Threei} MERR Halted: News pending
[15:16] {Threei} MERR Raises $10.2M and Settles $43.5M in Civil Legal Claims
[15:16] {Threei} - signed definitive agreements for todays funding of $10.2M through an oversubscribed private placem...more...
[15:16] {Threei} signed definitive agreements for todays funding of $10.2M through an oversubscribed private placement of convertible preferred stock.
[15:16] {Threei} - proceeds from the transaction will be used to reposition the firm for profitable growth and settle $43.5M of previously disclosed civil legal claims that resulted from the unethical conduct of a rogue retail broker in 2008.
[15:19] {dino} out aef .35, +.25
[15:20] {dino} kstevens is having trouble
[15:20] {nemo} got a joke brian...but it's not pc
[15:20] {nemo} the janitor will get pissed
[15:20] {brian3579} ty dino
[15:21] {dino} you take it?
[15:23] {magoo} i scalped that aig ..forgot popst
[15:24] {magoo} sorry ..had 3 others on
[15:24] {Threei} popst will forgive you
[15:24] {magoo} he he
[15:24] {magoo} i had to deal with mr. popst :)
[15:25] {magoo} if u know what i mean
[15:27] {Threei} I am afraid to think
[15:27] {magoo} then dont think..thats what your best at lol
[15:28] {Threei} lol, true
[15:29] {magoo} careful AIG
[15:29] {magoo} watch out below
[15:29] {Threei} 50 remained unbroken
[15:29] {Threei} not good for continuation
[15:29] {Threei} very mucxh looks like blow-off top so far
[15:29] {magoo} will or could be great launch pad at another date boss
[15:30] {magoo} just like 35 was this time
[15:30] {Threei} will need tomorrow as confirmation
[15:30] {Threei} this CNBC guest is what makes me think, top is more likely
[15:31] {Threei} if we had 5 of them bashing AIG
[15:31] {Threei} yet it would proceed higher
[15:31] {Threei} I would sy buy and hold for aniother 20 points
[15:31] {Threei} but having hype with insane tragets and drop after that...
[15:34] {magoo} are u thinkuing top AIG or u calling top like all the other 85% of the clowns ouit there
[15:34] {nemo} whoa
[15:35] {Threei} well... while clowns called top I was saying up,
[15:35] {dino} what about other 15% clowns?
[15:35] {Threei} but now we have a clown saying up :)
[15:35] {Threei} so I am more hesitant :)
[15:35] {Threei} good question dino
[15:36] {nemo} statistical outliers?
[15:36] {dino} thats why you pay me to be here
[15:37] {Threei} let me put it this way mags
[15:37] {Threei} my general motto is, trend continues until it's obviously borken, and I don't like goling against it, no matter how high or low price seems to be,
[15:37] {Threei} there is always room for higher, and almost always for lower.
[15:38] {dino} would you like me to throw something at him?
[15:38] {Threei} always dino, thank you
[15:38] {dino} lol
[15:38] {Threei} But in this case AIG is more likely to be done than not,
[15:38] {dino} brian got out of aes way too soon
[15:38] {dino} aef
[15:38] {Threei} and if yesterday or today I was very easy to convince that it was going higher
[15:38] {magoo} i just was wonderuiing if you are tented up with clowns calling for major pllbk here..or the other clowns long
[15:38] {Threei} it would have to work much harder to convince me tomorrow
[15:39] {Threei} dino... make sure it's very heavy and has sharp edges
[15:39] {dino} just threw a stress ball at him
[15:39] {Threei} that's not sharp
[15:40] {nemo} taser him
[15:40] {dino} no, let me find the darts
[15:40] {nemo} rusty darts
[15:42] {brian3579} dino what was exit?
[15:44] {dino} i took .35, unfortunately
[15:46] {magoo} we in anything?
[15:46] {Threei} no
[15:46] {magoo} ok...
[15:47] {Threei} had IMMU in mind a while ago and it did work but was so slow, I just coluldn't get a read on it
[15:48] {magoo} like triple bottomed
[15:49] {Threei} had in mind little C&H with .65 trigger
[15:49] {Threei} oh well
[15:51] {Threei} DELL Reports Q2 $0.24 v $0.23e, R$12.7B v $12.59Be
[15:51] {Threei} eeck
[15:54] {Threei} American International Group, Inc CNBC says Hank Greeberg tells them that rumors he might be forming a group to take over AIG are not true
[15:54] {Threei} - CNBC mention the comment as they discuss the move higher in AIG today, which CNBC comments was driven by chat room rumors that Greenberg might be eyeing a takeover. CNBC reporters also note that Greenberg made similar comments several months ago in an interview.
[15:56] {magoo} ty vad..everyone
[15:57] {Threei} okay guys
[15:57] {Threei} thank you all
[15:57] {Threei} have a good evening
[15:57] {Threei} see you tomorrow
[15:57] {nemo} cya
[15:57] {cosmo} immu gappa?
[15:58] {Threei} wow dell
[15:58] {Threei} another explosion
[15:59] {dino} out igk .97, +.12
[16:02] {dino} thx all

Wednesday, August 26, 2009

Aug 26 2009

Profitable day overall but the major flare occured at the end of it. My constant harping "let's learn to recognize the momentum, it will serve us well in the following months" paid off today when some of room members caught AIG run for a huge gain. Very satisfying.

Session Time: Wed Aug 26 00:00:00 2009

[08:21] {Threei} US) Fed's Fisher: Economic recovery is underway, but businesses will continue to be conservative on hiring - Dallas Morning News
[08:21] {Threei} - The US economy is no longer in free fall, "healing process" has begun.
[08:21] {Threei} - Consumers are more confident, housing is showing a few positive signs.
[08:21] {Threei} - Does not expect rapid recovery, especially in jobs. It will be a while before businesses rehire or increase pay.
[08:30] {Threei} JULY DURABLE GOODS ORDERS: 4.9% V 3.0%E
[08:30] {Threei} DURABLES EX-TRANSPORTATION: 0.8% V 0.9%E
[08:38] {Threei} CPST Receives order for 4 C30 C1D2 Microturbines for Offshore Platforms in Gulf of Mexico
[08:38] {Threei} The total order exceeds $500,000 and is the latest in a series of orders for the low-emission Capstone product that is specially designed for hazardous Class 1, Division 2 environments.
[08:38] {Threei} - The same end-use customer previously purchased 38 C30 microturbines that are installed on manned and unmanned oil platforms throughout the Gulf of Mexico.
[08:38] {Threei} - The latest microturbines will be installed in the first quarter of 2010.
[08:47] {ese} well well well.....the more things change the more they stay the back from Copenhagen and am now in whistler......just thougt that i would check in on you bunch fo blighters
[08:47] {nemo} hey ese...good trip?
[08:47] {ese} fantastic......want to move there
[08:48] {ese} felt that way the last time too
[08:48] {ese} 3 years ago
[08:49] {Threei} welcome back ese!
[08:49] {ese} hows the market.......from just checking a little over there it seems like it is going sideways a litle
[08:49] {ese} hey vad
[08:50] {ese} good to be back .....almost home
[08:51] {Threei} Whistler is close enough
[08:52] {Threei} market is mostly quiet but there are opportunities every day
[08:54] {ese} alot closer than copenhagen thats for sure
[09:00] {ese} we received an invitation to Prague Checkoslovakia and Austria Vad for next year.......maybe we should go to your home town wherever that is do a show there
[09:00] {Threei} no we should not
[09:01] {Threei} take my word for it :)
[09:01] {cosmo} hmmm
[09:01] {larisa} gm :)
[09:01] {Threei} larisa :)
[09:01] {cosmo} home towns are tat way
[09:01] {cosmo} that
[09:01] {ese} LARIS BABY!!!!
[09:02] {larisa} lol, ese is back :)
[09:02] {ese} Ok will take your word for that vad
[09:02] {ese} only for a bit laris.....things to do with the family today
[09:03] {magoo} morning
[09:03] {Threei} magoo :)
[09:03] {ese} mags!!
[09:03] {ese} Everybody gets the big welcome from me today
[09:03] {magoo} sigh..cut 1k hgsi at 19.30 afterhrs
[09:03] {ese} MAGS!!!!!
[09:05] {fernp} good morning everybody
[09:05] {fernp} welcome home ese
[09:05] {ese} FERN!!!!! tks
[09:06] {magoo} E
[09:06] {magoo} S
[09:06] {magoo} E
[09:06] {magoo} S
[09:06] {magoo} E
[09:06] {ese} now thats cool one upmanship
[09:07] {Threei} fern :)
[09:09] {bluejet} GM
[09:09] {Threei} bluejet :)
[09:13] {Threei} Yesterday 21:46 HGSI Price Target raised to $31 from $18 at Weisel
[09:13] {Threei} 9:03:26 AM
[09:13] {Threei} Human Genome Sciences Inc Shares move higher on the back of continued takeover chatter
[09:13] {Threei} - Takeover chatter first reported in yesterday's session, chatter being repeated by CNBC in today's premarket
[09:15] {magoo} i know i know ..its momo..but lets try TRY to read it ok boss
[09:16] {Threei} sigh
[09:17] {Threei} did I call it yesterday when it gave a setup?
[09:17] {magoo} i did i thought
[09:17] {nemo} there you go thinking again
[09:18] {Threei} 12:14] {Alert} Threei Long Setup: HGSI .50 break
[09:18] {Threei} dino must be a saint...
[09:19] {nemo} that's .30 from here Vad....:)
[09:19] {Threei} ok... go away you two, and call HGSI for each other {G}
[09:19] {nemo} what I do?
[09:20] {larisa} do not yell at each other, I called it :)
06[09:20] * nemo slaps dino around a bit with a large trout
[09:20] {Threei} larisa as always... preventing murder
[09:21] {larisa} [12:07] {larisa} AIG HGSI woke up
[09:21] {larisa} lol
[09:21] {dino} gm all
[09:21] {Threei} morning dino
[09:21] {Threei} we decided you are a saint
[09:21] {larisa} morning dino, take coffee away from magoo :)
[09:22] {nemo} what's this "we" stuff?
[09:22] {Threei} and vodka
[09:22] {ese} DINO!!!!!!
[09:22] {Threei} leave him nice soothing green tea
[09:22] {Threei} with jasmine
[09:23] {dino} dino a saint, lol
[09:23] {cosmo} who's she?
[09:23] {Threei} yes dino... hard earned title, too... to put up with magoo for so long
[09:24] {dino} drinking helps
[09:25] {Threei} HURN Citadel LP reports new stake of 5.7% as of 8/19 - filing
[09:25] {Threei} - this makes Citadel the 2nd largest holder
[09:27] {nemo} [09:23] {&Threei} yes dino... hard earned title, too... to put up with magoo for so long...Its STOCKHOLM SYNDROME!
[09:28] {dino} ok, aded 3rd system last night, dedicated to trades
[09:29] {dptl} good morning
[09:30] {Threei} dp :)
[09:31] {Threei} HGSI
[09:31] {Threei} bounce
[09:31] {Threei} .60 break
[09:31] {Threei} stop under .45
[09:31] {Threei} half lot
[09:32] {Threei} invalidated
[09:34] {Threei} .20 was another trigger but I couldn't type in time
[09:34] {Threei} oh well
[09:34] {nemo} neural implant
[09:35] {nemo} then again, what else miht come out of your mind could be scary
[09:36] {magoo} what a nasty drop HG
[09:36] {Threei} sheesh
[09:36] {nemo} yeah
[09:36] {magoo} soihgh
[09:36] {nemo} gaelic again?
[09:37] {nemo} geez, coulda' gone home already
[09:37] {fernp} INTC long .26
[09:38] {magoo} AIG vad?
[09:38] {Threei} AIG .65 break worth a try
[09:39] {fernp} 1:1 INTC
[09:39] {dino} cm
[09:39] {nemo} hgsi pullback range?
[09:42] {Threei} AIG, watching for double bottom
[09:43] {Threei} .60 break if holdiog .50
[09:44] {Threei} 1:1, half out
[09:44] {fernp} out here ty
[09:45] {Threei} scalpers win
[09:46] {nemo} $ up strong
[09:50] {Threei} HGSI
[09:50] {Threei} sharp leg down is likely now
[09:50] {Threei} entry should be somewhere around .50-.60
[09:53] {Threei} SQNM
[09:53] {Threei} no news
[09:55] {Threei} must be some rumor somewhere
[09:55] {Threei} nice momo
[09:57] {magoo} HIG vad look
[09:57] {Threei} Long Setup: SQNM 50 break
[09:57] {Threei} if stays above .40
[09:57] {Threei} HIG .15 long
[09:57] {Threei} stop under 22
[09:58] {nemo} too fast
[09:58] {magoo} in .12
[09:58] {nemo} hig or hgsi
[09:58] {Threei} ??
[09:58] {Threei} [09:57] {magoo} HIG vad look
[09:58] {Threei} [09:57] {Threei} HIG .15 long
[09:58] {Threei} [09:57] {Threei} stop under 22
[09:58] {nemo} look at the prices between the two and what you type
[09:59] {nemo} oh, looked away
[09:59] {Threei} how can it be construed as HGSI?
[09:59] {nemo} your typing and the closeness of their stock prices
[10:00] {Threei} JULY NEW HOME SALES: 433K V 390KE (+9.6% M/M
[10:00] {Threei} prior revised from 384K to 395K
[10:01] {magoo} out HIG .37
[10:01] {magoo} ty vad
[10:02] {nemo} interesting, that home stuff was good not reacting all that strongly
[10:04] {KSystems} helloooooooooooooooo
[10:04] {Threei} KS!
[10:04] {nemo} Tag
[10:04] {magoo} KS:)
[10:05] {nemo} sollten wir auf deutsch reden, so Vad aufgepisst werden sein?
[10:05] {dino} intu
[10:05] {dino} sm l .50
[10:06] {Threei} NYMX NX-1207 shows major effect on Liver Cancer in animal study
[10:06] {Threei} - NX-1207 has been shown to repeatedly produce strongly positive results when given to animals with ... (4.75, +0.46, 10.72%) more...
[10:07] {dino} ggc
[10:07] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:07] {Threei} **consensus expectations:
[10:07] {Threei} Crude: +1.2Me
[10:07] {Threei} Gasoline: -1.7Me
[10:07] {Threei} Distillate: +400Ke
[10:08] {Threei} SQNM... really acts like momo in the making
[10:08] {magoo} ah..missed
[10:08] {Threei} it gives sharp pullbacks
[10:08] {Threei} watch it
[10:12] {Threei} HGSI
[10:12] {Threei} opps... late
[10:13] {Threei} things are furiously fast
[10:15] {Threei} DNDN Strength attributed to renewed takeover chatter circulating (25.00, +0.88, 3.65%)
[10:16] {fernp} BAC breaking hod
[10:18] {Threei} HGSI... .50 break
[10:18] {Threei} risky as hell
[10:18] {Threei} pullback is better way to enter but impossible to call
[10:21] {wulff} big caps are all in tight range
[10:25] {Threei} NYMX...
[10:25] {Threei} usually POS but gets sewrious attention today
[10:30] {Threei} DOE CRUDE: +128K V -1.8ME
[10:30] {Threei} GASOLINE: -1.7M V -1.2ME; DISTILLATE: +767K V +200KE
[10:30] {Threei} VPHM Hearing shares moving higher on the back of takeover chatter
[10:30] {Threei} - Hearing Teva rumored as interested party
[10:30] {Threei} a bit too many of those lately eh?
[10:33] {nemo} market taking that oil report as bullish
[10:38] {Threei} NYMX, mama mia
[10:39] {Threei} USGS reports magnitude 6.0 quake in southern Alaska
[10:40] {Threei} let's make bets
[10:40] {Threei} 7?
[10:40] {Threei} 8?
[10:40] {Threei} 9?
[10:43] {dino} intu stopped flat
[10:43] {magoo} out .99 YTY vad
[10:43] {magoo} 2k
[10:43] {Threei} why was I so sure of that...
[10:43] {Threei} from?
[10:44] {magoo} .50
[10:44] {magoo} great exit
[10:44] {magoo} until it porints 9 he he
[10:45] {Threei} take a look at AIG guys
[10:46] {Threei} see this many times tried resistance at .80?
[10:46] {Threei} break of it is a long signal, watch for range to establish
[10:47] {Threei} if loses .60, temporarily invalidated, but can re-establish itsaelf
[10:47] {Threei} may take a while so I describe the trading idea in advance
[10:47] {nemo} if loses .55...short?
[10:52] {Threei} not for me
[10:54] {ese} wow....i haven't been away for that long but man you loose your feel for this.......will be treading lightly if at all
[10:55] {magoo} actually is hectic
[10:55] {magoo} furious start
[10:56] {ese} ya....i sorta got that.....watched and thought.......hmmmm could do anything......was strange feeling
[10:56] {ese} couldn't
[10:58] {Threei} Palm, Inc Pali Research comments on sales trends for Pre handsets (timing uncertain)
[10:58] {Threei} - Pali says it estimates that Sprint has sold about 70,000 Palm Pre's since August 7th, indicating that Pre sales are holding in at the mid 20,000 range per week.
[11:01] {magoo} RMBS vad..olook
[11:02] {Threei} pullback into .50, I'd be interested
[11:02] {Threei} no fresh news
[11:03] {nemo} aig creeping, but I can barely see the volume on my chart
[11:08] {Threei} creeping down you mean
[11:09] {nemo} not at 11:03 it wasn't
[11:09] {Threei} oh... my intervals between coma/wakeups increase... sorry
06[11:10] * nemo slaps Threei around a bit with a large prescription of black beauties
[11:10] {Threei} you say something, I fall asleep, wake up, answer... without realizing there was 5 min inbetween
[11:10] {Threei} RMBS
[11:10] {Threei} becomes interestying for bounce when market doesa
[11:11] {Threei} .50 break obvious setup
[11:11] {nemo} stop of .30 to avoid shakeout?
[11:12] {Threei} way too wide for me
[11:14] {patel} hello everyone
[11:15] {patel} still on vacation but stopped in to trade today
[11:15] {nemo} vacationing patella
[11:15] {nemo} ahhhhh
[11:15] {nemo} we're in a coma
[11:15] {patel} oh come on nemo
[11:15] {patel} the whole time i been gone
[11:15] {patel} you all been trading good
[11:15] {nemo} some better than others
[11:16] {dino} sm s wsm .50
[11:18] {Threei} hi patel
[11:18] {nemo} see...vad just regained consciousness
[11:18] {Threei} don't listen to nemo, his coma takes permanent root
[11:18] {Threei} while I am waking up now and then
[11:19] {nemo} pot calling the kettle black
[11:19] {patel} yes nice nice
[11:22] {patel} we watchving RMBS right now
[11:22] {nemo} kinda' just dropped to R3
[11:22] {patel} yup i just saw that
[11:22] {nemo} was gonna' be break of .50/.40 stop, w market market help
[11:38] {dino} lnn
[11:39] {dino} cov wsm .15, +.35
[11:41] {dino} lnn gap fill
[11:50] {dino} wsm sm l .25
[11:52] {dino} pwrd sm l .15
[11:54] {dino} acm
[11:56] {dino} lnn sm l .05
[12:05] {wulff} +1.6 AAPL
06[12:06] * nemo slaps wulff around a bit with a large admonishment for indecent profits
06[12:21] * magoo slaps nemo around a bit with a large trout
06[12:21] * magoo slaps patience around a bit with a large trout
06[12:21] * magoo slaps wulff around a bit with a large trout
06[12:23] * magoo slaps laserdave around a bit with a large trout
06[12:23] * magoo slaps laserdave around a bit with a large trout
06[12:23] * magoo slaps laserdave around a bit with a large trout
[12:23] {larisa} finger stuck?
[12:25] {Threei} no, expression of special passion and affection
[12:25] {magoo} 6thats it
[12:25] {magoo} my typing has reached a new platuea of debotchery...i hit a numeral in there now
[12:26] {magoo} [12:25] {magoo} 6thats it
[12:26] {laserdave} thansk magoober
[12:26] {magoo} where u been?
[12:28] {Threei} lol mags
[12:31] {dino} .
[12:32] {dino} hgsi
[12:32] {Threei} HGSI Ticking lower on chatter GSK has denied interest in acquiring company
[12:32] {Threei} - Note: takeover chatter has been circulating in the name for the last two sessions, with GSK rumor... (21.46, +2.25, 11.71%) more... (related GSK )
[12:33] {Threei} that's gotta hurt
[12:41] {Threei} hurt it does
[12:42] {Threei} American Hospital Assn: US hospitals to gain $16B over the next decade from healthcare reform due to expanded coverage (related IYH )
[12:42] {Threei} ummm
[12:43] {Threei} from who?
[12:46] {dino} wsm to b/e
[12:50] {dino} stopped
[12:58] {dino} wsm l .14
[13:11] {Threei} NI) Nigerian Oil Min: Satisfied with oil prices of $70-80
[13:11] {Threei} oh good
[13:14] {dino} ouldn't want him unhappy
[13:23] {dino} kirk drop
[13:24] {Threei} (US) Rep. Kucinich (D) has reportedly asked health insurance CEOs to discuss denial of client claims by their companies
[13:24] {Threei} - A Congressional source says that Kucinich has requested explanations from the CEOs of Aetna, Wellpoint, Cigna and Humana.
[13:25] {dptl} Vad,would you short rmbs .20 break?
[13:26] {Threei} if stays under .30, and market drops...
[13:26] {dptl} ok ty
[13:29] {dino} stop to .25 wsm
[13:29] {dino} out +.11
[13:33] {Threei} Fed's Lockhart: too soon to contemplate raising rates; exit strategy for exit from asset purchase programs must be carefully communicated to prevent distortions - Q&A with reporters
[13:33] {Threei} - sees Fed's balance sheet starting to shrink in 2010.
[13:33] {Threei} - says he does not rule out raising MBS purchases but not leaning in that direction.
[13:33] {Threei} - notes recent housing data has been encouraging, has 'every hope' that the housing market has bottomed.
[13:33] {Threei} - expects more bank failures.
[13:33] {Threei} MTXX Ticking higher; hearing company affirming ongoing talks with FDA over Zicam recall
[13:33] {Threei} - MTXX is holding its annual shareholder meeting today (5.96, -0.23, -3.72%)
[13:38] {dino} isle l ,24
[13:56] {dino} kirk l .37
[14:31] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:31] {Threei} I agree
[14:31] {Threei} except may be for the 5th and 8th Z
[14:32] {Threei} those look dubious to me'
[14:32] {dino} what did you call me!, lol
[14:33] {dino} air pockets today\
[14:35] {dino} atni
[14:56] {Threei} Long Setup: AIG .80 break
[14:56] {Threei} if stays above .70
[15:01] {Threei} shapes up very nicely, just need market help
06[15:04] * Threei kicks AIG in the rear
[15:07] {magoo} NO WAY TOO CATCH THAT
[15:07] {Threei} you weren't in aggressively??
[15:07] {Threei} YOU???
[15:07] {Threei} I was pretty sure you were in at .76 at least, lol
[15:07] {Threei} 1:1
[15:08] {dino} gj
[15:08] {jmb} Thanks Vad
[15:08] {Threei} :)
[15:12] {Threei} dino... if I say 1:3, will I piss magoo off to no limit and please you in doing so?
[15:13] {dino} out kirk .50, +.13
[15:14] {dino} don't say it vad
[15:14] {Threei} okay... wanted to do you a favor {G}
[15:15] {dino} :)
[15:17] {Threei} that was perfect cup and handle
[15:17] {Threei} sorry dino, I just do it for my own enjoyment
[15:18] {dino} no worries
[15:21] {dino} bont
[15:23] {wulff} the NASD is frozen
[15:24] {Threei} hmm?
[15:24] {wulff} i.e. not moving very far
[15:25] {dino} unplugged
[15:26] {Threei} ok... I thought you mean quotes are broken
[15:28] {wulff} you like AIG .10 scalp?
[15:29] {Threei} toughie...
[15:29] {Threei} if market starts big uoward move, of course.... bu I'd rather stay with pullback
[15:29] {wulff} bit too close to close
[15:31] {wulff} slo mo with no momo
[15:33] {dino} blahhhhhhhh
[15:44] {wulff} should have taken .10
[15:44] {Threei} yeah
[15:45] {wulff} crap
[15:45] {Threei} something's happening there
[15:45] {Threei} that's not a techgnical move
[15:45] {wulff} shorts
[15:46] {Threei} no
[15:46] {Threei} against market, too big
[15:47] {Threei} something happens somewhere of which we are not informed yet
[15:47] {dino} yadda yadda yadda
[15:47] {dino} losing my mind
[15:48] {Threei} maybe something from FDIC
[15:48] {Threei} FDIC suggests extension of transaction account guarantee for banks; a rule looking for input on impact of off balance sheet accounting change
[15:48] {Threei} - Suggest rule that would call for information on whether or not to phase in a capital impact of accounting change
[15:48] {Threei} - FDIC's Bair: It is important to have alternative source of capital to assist minimizing losses to the Deposit Insurance fund as banks industry still faces serious challenges; prospects for future growth have improved.
[15:48] {Threei} - FDIC staff suggests 10% Tier 1 common equity capital ratio vs 15% prior
[15:48] {Threei} - Note: The FDIC is meeting today on a variety of issues including a policy on private equity investments in failed banks; guidelines under consideration considered less stringent than prior rules according to the OCC
[15:49] {larisa} crazy stock
[15:50] {larisa} over 35 shorts got nervous
[15:50] {Threei} no kidding
[15:50] {Threei} such resistance on daily
[15:51] {dino} so ease up on cap. req.
[15:52] {wulff} .10 looks good now
[15:52] {larisa} lol
[15:52] {Threei} rofl
[15:52] {Threei} all finnies are moving
[15:53] {Threei} none is so impressive as AIG though
[15:53] {magoo} long AIG 324
[15:53] {magoo} 34
[15:54] {larisa} I looked at vads call at 33.80 break and said to myself : no way this dead meat will do it :) did you feel tension vad or just liked the chart ?
[15:54] {Threei} liked the chart
[15:54] {Threei} there was nothing even close to this energy at the moment
[15:54] {dino} all dayer out pwrd .45, +.30
[15:54] {larisa} because I was looking at it and felt nofing :)
[15:54] {larisa} right
[15:55] {Threei} scalped .88 - 56.10
[15:55] {Threei} 36.10
[15:56] {dino} month end games
[15:56] {Threei} jeez
[15:56] {dino} aig magoo long 34
[15:57] {Threei} ok... that was my fault entirely for not saying "we have momo"
[15:57] {Threei} the pace was totally there
[15:57] {Threei} whatever.. profitable day
[15:57] {Threei} and plenty more to come
[15:57] {dino} he's up 10k
[15:57] {dino} pig
[15:57] {larisa} lol
06[15:58] * Threei slaps dino around a bit with a large kosher salmon
[15:58] {Threei} 38 is coming
[15:59] {Threei} 38.05 high
[15:59] {magoo} 3q5][kteak'pk'f'mfssf'
[15:59] {magoo} OPUTR #* BUX
[15:59] {magoo} 12k
[15:59] {magoo} NO SHIT
[15:59] {Threei} wtg mags
[15:59] {Threei} fantastic job
[15:59] {dino} out lnn .96, -.09
[15:59] {magoo} i twasso pissed at missuing your call
[16:00] {Threei} pays to identify those momos eh?
[16:00] {magoo} i took 34 agressive BOOM
[16:00] {magoo} let winners win
[16:00] {Threei} okay guys
[16:00] {Threei} thank you all
[16:00] {magoo} but your heckling got me motivated :)
[16:00] {Threei} have a good evening
[16:00] {Threei} mags, feel free to send me 30%
[16:01] {Threei} and fear not, I am willing to heckle you eery day
[16:01] {larisa} bye all :)
[16:01] {dptl} good evening all
[16:02] {magoo} ok
[16:02] {magoo} :)
[16:03] {dino} he's driving me nuts
[16:06] {dino} ok, thx all, up, but light, anyway, tee time in 20