Wednesday, August 19, 2009

Aug 19 2009

Nice even though boring (what else is new) day. HURN, CAT, RTK, AIG scalps and nice long trade on AXL. With all the traditional August inactivity, we are fairly consistent - in both profits and boredom for hours while market is locked in a tight range.

Session Time: Wed Aug 19 00:00:00 2009

[08:34] {Threei} Yale Economist Shiller: forecast calls for house prices to increase 4% over next 5 years; economy will be more predictable
[08:34] {Threei} and may be subject to another housing bubble - CNBC
[08:59] {fernp} good morning everybody
[08:59] {larisa} gm :)
[09:00] {Threei} fern, larisa :)
[09:01] {dino} gm all
[09:01] {Threei} dino :)
[09:03] {cosmo} cers
[09:03] {cosmo} 2.45 pre mkt high fwiw
[09:03] {Threei} 8:30:14 AM
[09:03] {Threei} Cerus Corporation INTERCEPT blood system for platelets approved in Switzerland
[09:03] {Threei} - The approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.
[09:03] {Threei} - The regulatory review process by Swissmedic is similar to the regulatory processes in France (Afssaps) and Germany (Paul Ehrlich Institute), in which INTERCEPT-treated blood components have been approved as a biologic for patient use.
[09:15] {magoo} morning
[09:16] {Threei} magoo :)
[09:18] {dptl} good morning
[09:22] {Threei} dp :)
[09:28] {Threei} no clear caandidates so far
[09:29] {Threei} will wait for a scanner to spit out something worthy
[09:29] {magoo} maybe HURN AXL shorts..come a long way
[09:29] {magoo} AA crushed
[09:30] {nemo} cat
[09:32] {cosmo} CERS: 2.45 pre mkt high fwiw
[09:32] {Threei} AXL non-stop
[09:33] {Threei} AXL Hearing PT raised to $12 from $9, reiterated at Strong Buy at Buckingham (timing uncertain) (6.08, +0.38, 6.67%)
[09:34] {Threei} Long Setup: HURN .50-
[09:34] {Threei} late... see if pulls back
[09:34] {nemo} cat bolted
[09:36] {Threei} if caught HURN on pullback to .51, feel free to exit here
[09:38] {Threei} XOMA Hearing strength attributed to postive mention on (0.92, +0.11, 14.15%)
[09:40] {Threei} Short Setup: AXL .15 half lot
[09:40] {Threei} if stays below .25
[09:43] {wulff} +.65 FAS
[09:43] {Threei} Long Setup: CAT half lot .05
[09:44] {nemo} things moving fast this morning
[09:44] {Threei} take scalp here
[09:44] {magoo} out here CAT
[09:45] {magoo} .33 TY
[09:45] {Threei} Long Setup: AXL .40 half lot
[09:45] {Threei} if stays above .25
[09:46] {magoo} in
[09:47] {Threei} not a scalp for me if works
[09:48] {nemo} axl?
[09:48] {magoo} feels 7
[09:48] {Threei} 1:1
[09:48] {fernp} out TY
[09:49] {Threei} nemo... what else could the comment be about?? :)
[09:49] {Threei} fern :)
[09:49] {magoo} out .51
[09:49] {nemo} just making sure, sorry too many accounting classes
[09:49] {magoo} TY will reload prob
[09:49] {Threei} half out .62
[09:49] {Threei} offering second half .80
[09:50] {Threei} direct hit
[09:52] {nemo} getting dizzy watching L2 on axl
[09:53] {Threei} that's what momo looks like
[09:53] {Threei} remember my comments a few days ago on recognizing momentum trades?
[09:53] {nemo} kinda'
[09:53] {Threei} what gave a clue to "not a scalp"
[09:54] {nemo} bid side imbalance and speed of transactions
[09:54] {Threei} when they trade like this, you won't even be able to spot that imbalance
[10:08] {BillyD} .
[10:08] {magoo} ..
[10:09] {fernp} ...
[10:16] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:16] {Threei} **consensus expectations:
[10:16] {Threei} Crude: +1.2Me
[10:16] {Threei} Gasoline: -1.7Me
[10:16] {Threei} Distillate: +400Ke
[10:23] {magoo} read on AXL HURN vad?
[10:23] {Threei} Long Setup: RTK .75 if stays above .65
[10:27] {Threei} if works, not a scalp for me
[10:28] {magoo} in
[10:29] {magoo} out .84 TY in .70 aggress
[10:29] {Threei} HURN explosion
[10:29] {magoo} may reload
[10:29] {magoo} [10:23] {magoo} read on AXL HURN vad?
[10:29] {fernp} out here TY Vad
[10:30] {Threei} 1:1, half out
[10:30] {Threei} DOE CRUDE:-8.4M V +1.2ME; GASOLINE: -2.2M V -1.7ME
[10:30] {Threei} DISTILLATE: -650K V +400KE; CAPACITY UTILIZATION: 84% V 83.7%
[10:31] {Threei} mags... if I had any you'd hear it
[10:39] {BillyD} CERS animal
[10:40] {Threei} wanted 3 break, chart was fair... couldn't bring myself to call it
[10:40] {BillyD} I took it for scalp
[10:40] {Threei} thin stock, if doesn't work - loss won't be controllable
[10:41] {BillyD} yeah, can smack you for double stop pretty quick
[10:42] {BillyD} you still in RTK
[10:42] {Threei} half with stop under b/e
[11:08] {Threei} yawn
[11:08] {Threei} even spam e-mails flow slowed down to a crawl
[11:09] {patience} cruise ship discount emails increasing
[11:26] {Threei} tje day SIRI starts moving, you know traders start scrapping the bottom of the barrel {G}
[11:27] {Threei} and QTWW
[11:27] {Threei} lol
[11:29] {magoo} HEY..i just took them lol
[11:33] {Threei} sigh
[11:40] {dino} .
[11:43] {Threei} I can see your point
[11:44] {Threei} I don't necessary agree with it but I see it
[11:45] {magoo} AXL trying vad
[11:46] {Threei} yes... spike off .50 was not something I could read at the time
[11:46] {Threei} it all but lost volume at the moment,
[11:46] {magoo} i just bringing it to your attention:)
[11:46] {Threei} could go easily either way
[11:46] {magoo} in case yoiu are comatose
[11:47] {Threei} yeah, I am trying to discern the pattern
[11:47] {Threei} to be ready if it repeats itself
[11:47] {Threei} hmmm
[11:47] {Threei} now you confuse me
[11:47] {Threei} what does my being comatose have o do with my trading?
[11:47] {Threei} how did it ever prevent me from calling trades?
[11:49] {Threei} really... next thing I know you guys start demanding that I trade sober...
[11:56] {Threei} Long Setup: AXL 7 if stays above 6.90
[12:00] {Threei} Long Setup: HURN 20 half lot
[12:00] {Threei} if stays above .85
[12:01] {Threei} EDAP Receives U.S. FDA 510(k) Approval for Sonolith I-Sys (1.64, +0.27, 19.71%)
[12:01] {Threei} Sonolith I-Sys is a novel, robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest lithotripsy markets in the world. The integrated lithotripter utilizes EDAP''s unique and patented electroconductive technology, an advanced shockwave approach differentiated by its superior ability to successfully disintegrate urinary stones in association with combined x-ray or ultrasound systems.
[12:01] {Threei} - The Sonolith I-Sys received CE mark approval in July 2007 and was launched in the E.U. in late 2007
[12:04] {fernp} HIG breakout
[12:04] {Threei} why not
[12:09] {fernp} out here
[12:09] {Threei} :)
[12:10] {fernp} lunch time. you know...
[12:10] {Threei} sheesh
[12:10] {Threei} why oh why didn't I notice AIG break of 25
[12:11] {Threei} that was chart to die for
[12:11] {larisa} agree :)
[12:11] {fernp} nice JBE
[12:12] {Threei} 15 cents consolidation range
[12:12] {Threei} {--- crying bitterly
[12:12] {Threei} pass me a tissue someone
[12:12] {larisa} use your fingers
[12:31] {Threei} US) House Energy and Commerce Committee has requested information from health insurance companies, including info on executive compensation
[12:31] {Threei} - Committee has reportedly sent letters to "dozens of insurers," including Aetna, Cigna, Humana, United Health and Wellpoint.
[12:31] {Threei} - In its letter to United Health, the committee asked for information on executive compensation, revenues and expenses, to be delivered by Sept 14th at the latest.
[12:32] {Threei} I can't believe this
[12:32] {nemo} Oh boy, here we go
[12:32] {nemo} 200 rubles a month
[12:32] {BillyD} that is pushing it
[12:32] {nemo} Da
[12:33] {Threei} larisa
[12:33] {Threei} why did we ever bother to immigrate?
[12:33] {nemo} mafia
[12:34] {Threei} communism is the same on any side of the ocean
[12:34] {nemo} yeah, but the likelihood of getting shot in Vancouver is significantly lower
[12:35] {Threei} you'd think so
[12:35] {Threei} Vancouver Shooting Spree: 8 Shot, At Least 2 Dead
[12:35] {Threei} Suspects at large in Vancouver shooting spree
[12:35] {nemo} no kidding?
[12:36] {Threei} n one of the worst acts of violence to ever hit Vancouver, two people were killed and six injured in a brazen early-morning shooting spree ...
[12:36] {Threei} Vancouver residents rocked by continuing shooting spree
[12:36] {Threei} Early-morning attack continues Vancouver shooting spree
[12:36] {Threei} Victim rushed to hospital; marks 32nd incident in city since January.
[12:36] {nemo} fcx vad
[12:36] {Threei} enough?
[12:36] {nemo} wow
[12:36] {nemo} yeah
[12:37] {Threei} I suspect dp....
[12:37] {dptl} ....nah...i am to old for that now...
[12:38] {nemo} what, arthritis in the trigger finger?
[12:38] {Threei} lol
[12:38] {dptl} lol
[12:38] {Threei} never thought I'd say that but here goes:
[12:38] {Threei} good one nemo
[12:38] {nemo} hurt, didn't it...
[12:38] {Threei} yes
[12:38] {Threei} but I work through the pain
[12:39] {nemo} tough being you, huh?
[12:39] {Threei} not if like good coma
[12:39] {nemo} Vad...super trader....women love look up to him...sheep fear him
[12:40] {Threei} I am afraid to ask
[12:40] {nemo} yeah...that was over the top...sorry
[12:40] {nemo} Mags...
[12:40] {dino} lol
[12:40] {dino} he stepped out
[12:40] {nemo} oh...have to do it myself
06[12:40] * nemo slaps nemo around a bit with a large trout
[12:41] {Threei} but now I have a suspicion about who made the sheep joke during nasau seminar, when I showed sheep image to illustrate the concept of a stock following the market
[12:41] {nemo} nope, wasn't me...think it was grasshopper
[12:41] {Threei} nope, male voice
[12:42] {nemo} have no eye deer
[12:43] {Threei} lol, nice one from the e-mail:
[12:43] {Threei} I'd rather be out of a market wishing I was in,
[12:43] {Threei} then in a market wishing I was out.
[12:50] {Threei} AIG non-stop
[12:57] {Threei} magoo
[12:57] {Threei} you here?
[12:58] {Threei} sigh... have to do everything myself...
06[12:58] * Threei slaps laserdave around a bit with a large greeting sign
[12:59] {nemo} In honor of woodstock...
06[12:59] * nemo slaps laserdave around a bit with a large cast iron peace sign
[12:59] {nemo} 40th anniversary ya' know
[13:13] {magoo} back..dino made me do lunch run
[13:15] {magoo} we only live 40 minutes from wdstk
[13:15] {dino} cisg l .50
[13:21] {magoo} what we in vad..was out an hour
[13:21] {nemo} coma
[13:22] {nemo} I feel like Pavlov's dog
[13:22] {Threei} looking at AIG for bounce scalp
[13:22] {nemo} RIMM
[13:30] {nemo} I thought the market was supposed to keel over like the rest of the markets around the world today...sheesh
[13:30] {Threei} since when do we follow the world, and not the other way around
[13:30] {dino} maybe so nemo, maybe so not
[13:31] {nemo} I thought you were a canuck
[13:31] {nemo} I know, I'm just bored and today another example of the market doing what is least expected
[13:31] {dino} it's a good day to die.....
[13:31] {nemo} every day should be
[13:31] {dino} and the day's not over yet
[13:32] {nemo} nope
[13:39] {Threei} US) More than 200 New York auto dealers have withdrawn from "cash for clunkers" program - CNBC
[13:39] {Threei} - cite reimbursement delays
[13:41] {Threei} RMBS
[13:41] {Threei} chatter about settlement with NVDA'
[13:43] {nemo} aig a dbi or a jbe?
[13:43] {Threei} neither
[13:44] {nemo} I figured you'd say that
[13:45] {magoo} what the hell is a dbi or jbe ??
[13:46] {nemo} oy
[13:46] {Threei} it's a creation of nemo's delirious state of mind
[13:46] {nemo} who's mind?
[13:47] {Threei} RMBS's happy
[13:47] {nemo} ahem
[13:47] {nemo} Jump-base-explosion (JBE) setups, 124, 125-128 practical examples of, 154-157, 201-205, 221-222
[13:48] {nemo} shall I continue?
[13:49] {nemo} Drop-base-implosion (DBI)setups, 124, 129 practical examples of, 167-170, 193-195, 198-200, 206-208, 214-216, 241-243
[13:49] {nemo} Guess where I got those?
[13:50] {Threei} Winnie The Pooh?
[13:50] {Threei} no wait
[13:50] {Threei} I know this one
[13:50] {Threei} Alice in Wonderland
[13:50] {nemo} Funny you should bring that up
[13:51] {nemo} Samuel Langhorn Clemens, before he died, buried a time capsule in which he said, when opened, would reveal a literary coup that would take the world by surprise.
[13:52] {nemo} In the first Edition of Alice In Wonderland, there was a title page illustration that did not appear in further editions
[13:53] {nemo} On the edge of the illustration were the initials "SLC" and as we know, Mock Turtle shares the same initials as his nome de plume, "Mark Twain"
[13:53] {nemo} We also know that Lewis Carrol was a friend of Clemens, and was a mathematician not known for his creative side
[13:54] {nemo} So...we shall see...but I where did I get those citations, VAD?????
[13:56] {nemo} O.K. fine... "Techniques of Tape Reading" by Graifer & Schumacher
[14:02] {fernp} enough for me. see you all tomorrow. have a nice evening
[14:07] {Threei} take care fern
[14:09] {nemo} RIMM testing HOD
[14:14] {nemo} aig decided to pop
[14:35] {nemo} spy and qs look like they might be ready to test support
[14:51] {dptl} ok....have a good evening all
[14:51] {Threei} take care dp
[15:07] {nemo} you o.k. Vad?
[15:07] {Threei} hmm?
[15:07] {nemo} thought I heard your chin hit the desk
[15:07] {Threei} nope, wasn't me
[15:08] {Threei} pillow's in place, so....
[15:08] {nemo} must have been Mag's head going through the reinforced concrete floor
[15:09] {Threei} could have... after all this years he still doesn't get the joke 'don't startle ostriches, the floor is concrete"...
[15:10] {nemo} hehehehe...having said that, when I lived in South Carolina, they made me where a helmet when I rode my motorcycle (even though it's a helmet optional state). They were afraid if I fell off my bike and landed on my head, I might damage the street.
[15:10] {magoo} EDAP nuts
[15:10] {Threei} yeah
[15:30] {Threei} AIG
[15:30] {Threei} feels like next wave up starts
[15:31] {nemo} how many shares you get mags?
[15:32] {nemo} .76 is 200 period moving average
[15:34] {magoo} of what?
[15:34] {nemo} aig
[15:34] {nemo} when Vad said it looked up
[15:34] {magoo} it a call?
[15:34] {magoo} i scalped EDAP
[15:34] {nemo} no, but that doesn't necessarily stop you
[15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol
[15:35] {patience} .
[15:36] {Threei} who told you that mags
[15:36] {Threei} I do just fine sleeping through them
[15:37] {magoo} yahoo chat board
[15:37] {Threei} C TARP inspector to reportedly inspect Citigrou's asset guaranteees over taxpayer losses on approx $300B pool
[15:40] {Threei} Long Setup: AIG .75 if stays above .60
[15:40] {magoo} full?
[15:41] {nemo} 20 minutes left, this should be fun
[15:41] {Threei} yeah
06[15:41] * nemo puts the hemmarhoid pillow under his butt
06[15:41] * nemo straps on the seat belt
[15:44] {Threei} come on AIG, while we are young
[15:44] {nemo} Vad, we're not young
[15:44] {Threei} ok
[15:44] {Threei} come on AIG, while we are alive
[15:45] {magoo} odds?
[15:45] {Threei} shrug
[15:45] {Threei} 50.0000001
[15:45] {magoo} is one shoulder higher than other?
[15:45] {nemo} market's looking indecisive
[15:46] {Threei} modification for impatient:
[15:47] {Threei} Long Setup: AIG .70 break if stays above .60
[15:47] {magoo} oh no
[15:47] {Threei} less odds, smaller stop
06[15:52] * Threei kicks AIG in the rear
[15:53] {nemo} just don't make it do a faceplant
[15:55] {Threei} 1:1
[15:56] {Threei} [15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol {---- I demand an apology
[15:56] {Threei} severe umbrage here
[15:57] {magoo} dammit.grrrrrrrr, i apoliticize
[15:57] {Threei} you what?
[15:57] {nemo} he spells like you
[15:57] {magoo} what u said
[15:57] {nemo} severe umbrage here
[15:58] {Threei} last minutes scalp... how cool iss that, to rub it in for fern and Billy tomorrow
[15:59] {Threei} and dp
[15:59] {Threei} thank you all, have a good evening
[15:59] {larisa} bye all
[15:59] {Threei} see you tomorrow
[15:59] {nemo} wow, nice exit Vad
[15:59] {Threei} last minutes,,, why would I stay in
[15:59] {dino} out cisg .46 -.04
[15:59] {Threei} no sluightest intention to carry overnight
[16:00] {nemo} walk off home run