Friday, August 21, 2009

Aug 21 2009

Just waiting for the summer to end.

Session Time: Fri Aug 21 00:00:00 2009

[08:49] {nemo} well the rally continues
[08:53] {Threei} why wouldn't it
[08:54] {nemo} I wasn't looking for a reason
[08:54] {Threei} broad call for reversal was too, ummm, broad
[08:54] {nemo} yeah
[08:54] {nemo} By the way...a preemptive "You're home already, Vad"
[08:56] {Threei} sigh
[08:58] {cosmo} BRCD
[08:58] {nemo} aig
[09:00] {cosmo} * Fiscal Q3 revenue $493.3 mln, lower than estimate and Q2
[09:00] {cosmo} * EPS excluding items $0.12 vs Street view $0.11
[09:00] {cosmo} * Shares fall 5.6 pct after-hours
[09:00] {cosmo} * CEO says predicting recovery "like grabbing water"
[09:01] {cosmo} what goes down, must float up
[09:01] {cosmo} sorta
[09:04] {Threei} hmmm
[09:04] {Threei} dunno cosmo
[09:04] {Threei} I just tested your theory
[09:04] {magoo} morn
[09:04] {cosmo} what gets pushed down, must float back up?
06[09:04] * nemo slaps magoo around a bit with a large trout
[09:05] {Threei} aside of hitting my toe, iron didn't do any good after falling down,
[09:05] {Threei} certainly no slightest attempt to float up
[09:05] {Threei} magoo :)
[09:05] {magoo} so vad..what was verdic on getco rte?
[09:05] {cosmo} use an empty, sealed vessel....
[09:06] {Threei} great if there are shares at the price you want,
[09:06] {Threei} instant fill or kill, speed is next to lightening,
[09:06] {Threei} saves a bunch on pass-through,
[09:07] {nemo} no secondary routing though
[09:07] {Threei} since you'd have to try another route if there are no shares on GETCO, and at the time being there is no routing out on it,
[09:07] {Threei} best way to use it is:
[09:07] {Threei} set hot key for it and for the second route,
[09:08] {Threei} so you can hot both of them in a quick succession if GETCO doesn't get you shares,
[09:08] {Threei} probably forget it if there is a very fast stock you want
[09:09] {Threei} not because it's slow but because you'll lose some time on an attempt
[09:10] {Threei} We will be able to use it to its full advantage when Bear delivers smart route that goes to GETCO first,
[09:10] {Threei} then switches to other routes
[09:12] {magoo} ok
[09:12] {Threei} in case you want to try, I set keys:
[09:12] {Threei} Shift+G to buy on GETCO,
[09:13] {Threei} Shift + B market buy smart route,
[09:13] {Threei} Ctrl+G to sell on GETCO,
[09:13] {Threei} Ctrl+S market sell smart
[09:14] {magoo} what u watching?
[09:14] {magoo} rtk may be a play
[09:14] {Threei} can add anything you want to bid, offer, use other routes etc, as long as you can remember them, but the general idea is:
[09:14] {magoo} CRM too
[09:14] {Threei} all buys start with shift, all sells start with Ctrl
[09:17] {Threei} Fed's Bullard: Antendees of the Jackson Hole symposium are "cautiously optimistic" - TV interiew
[09:17] {Threei} - States that the economy is on track to see positive growth in 3rd and 4th quarters
[09:17] {Threei} - Households continue to be very cautious on spending
[09:18] {Threei} I don't see news RTK
[09:19] {dino} gm all
[09:19] {Threei} dino :)
[09:26] {fernp} good morning everybody
[09:26] {Threei} fern :)
[09:27] {Threei} BAC new high on daily
[09:30] {nemo} aig
[09:30] {Threei} 35 yesterday's high
[09:31] {nemo} 34.99 today
[09:31] {nemo} you take that break of .30 mags?
[09:31] {magoo} no
[09:32] {Threei} Long Setup: BAC .40 break
[09:32] {Threei} if holding above .35
[09:33] {magoo} afterhrs AIG got low as 31.40
[09:36] {bluejet} Vad, is BAC long setup still valid?
[09:36] {Threei} no, but may reestablish itself if consolidates in this range
[09:38] {magoo} AIG hammer
[09:38] {nemo} aig support a .25...maybe
[09:38] {magoo} vad bouncer?
[09:38] {Threei} shrug
[09:39] {Threei} BAC is reestablished, but needs market help
[09:41] {nemo} aig, can you say "volatility"
[09:41] {dino} showing gaps 9438,1628,1018
[09:43] {Threei} Preview: Fed Chairman Bernanke scheduled to speak at the Kansas City Fed's annual symposium at Jackson Hole at 10amET
[09:43] {Threei} **the speech topic is "Reflections on a Year of Crisis." A prepared text is expected but there will be no Q&A.
[09:48] {dino} sm s scsc .80, bstop .11
[09:49] {Threei} AIG... impossible to call, but feels like explosion is coming
[09:49] {_phreeboy} s & p at top of consolidation range between 7/31-8/14, do you take that into account?
[09:49] {nemo} ex, or im
[09:50] {Threei} I can't take that into account until it does something: breaks that level or gets rejected
[09:51] {Threei} simply being there is not much indicative by itself
[09:51] {Threei} it's what it does aroiund the resistance that matters
[09:53] {fernp} HIG pullback, Vad?
[09:54] {Threei} market is still selling
[09:54] {fernp} ty
[09:54] {nemo} bac holding .33 support
[09:56] {nemo} when's the jet setter, ese, get back?
[09:57] {wulff} LVS in .10
[09:57] {Threei} HIG should dive closer to .50 now,
[09:57] {nemo} frickin bac
[09:58] {Threei} see if market puts double bottom is, and try to get HIG as close to .50 as possible
[09:59] {Threei} got away
[10:00] {Threei} *JULY EXISTING HOME SALES: 5.24M V 5.00ME (+7.2% M/M)
[10:00] {Threei} - Prior revised from 4.89M to M
[10:00] {Threei} - Median existing home price $ v $K in June, % m/m, -% y/y.more... (related XHB SPY SHY )
[10:00] {nemo} oh boy
[10:02] {nemo} volumes across the board 2X
[10:03] {bluejet} vad, did you take bac?
[10:03] {Threei} no
[10:04] {bluejet} thx
[10:08] {Threei} need some pullbacks to start outlining setups...
[10:09] {magoo} yea
[10:09] {Threei} this sudden spike out of slow selling is not something playable
[10:09] {nemo} housing report
[10:10] {magoo} c rocket vad
[10:10] {Threei} they all are
[10:11] {Threei} which one are you willing to chase?
[10:12] {Threei} .76 if market greens again
[10:12] {Threei} with stop under .70
[10:12] {dino} zumz
[10:12] {magoo} rimm pullbk boss
[10:13] {Threei} need RIMMunder .60 to get interested
[10:13] {magoo} ok..i been off on it basd
[10:14] {Threei} .80 break is possible on it with stop under .60, but more of a crapshoot
[10:15] {Threei} WFC
[10:15] {Threei} Long Setup: WFC .90 break
[10:15] {Threei} if holding above .85 for hardcore sxcalpers
[10:15] {Threei} above .80 for the rest
[10:16] {fernp} in
[10:16] {magoo} in
[10:17] {Threei} C 1:1
[10:17] {nemo} this is going to be a 200 point day
[10:17] {fernp} ty half out
[10:17] {nemo} the euphoria is nuts
[10:17] {Threei} GETCO worked like charm for C entry
[10:17] {Threei} WFC 1:1 for scalpers
[10:18] {bluejet} I pared BAC but missed WFC. Is it possible to play a sound when there is an alert?
[10:19] {Threei} yes
[10:19] {bluejet} how do I set it up?
[10:19] {Threei} who did that recently guys, could you help out?
[10:20] {Threei} oh wait, you are using mibbit
[10:20] {bluejet} yes
[10:20] {Threei} I sdon't think it's doable on it, gotta use mirc
[10:20] {bluejet} OK. I will take a look. Do I still use the same login on mirc?
[10:21] {nemo} mirc is stand alone software you have to set up
[10:21] {Threei} sure, login info is server-based... server doesn't care how you connect
[10:21] {Threei} it sees you, it kicks you out
[10:22] {Threei} well... unless you know magic words, lol
[10:22] {bluejet} I know the magic words. thanks
[10:23] {Threei} me too... kreks peks pheks, isn't it
[10:23] {Threei} ok, never mind... russian fairy tale :)
[10:23] {_phreeboy} thank you wfc :)
[10:24] {Threei} welcome
[10:24] {Threei} not much but heck... when things just spike like this and refuse to pullback, there are no setups
[10:24] {dino} bjk
[10:24] {Threei} WFC just gave an unusually big delay after another market spike
[10:24] {dino} too thin
[10:25] {Threei} lol
[10:25] {Threei} if saomething is too thin for dino, you know it IS thin
[10:25] {nemo} Anall nathrach, oorfas bethud, dorhiel dienvay
[10:25] {dino} lol, look at it 23.83/24.30; 14k
[10:25] {Threei} we speak arameic here now?
[10:25] {nemo} magic words
[10:25] {nemo} Charm of Making
[10:27] {Threei} did C really hit 1:2 over .85? didn't watch it at the time
[10:27] {magoo} yes
[10:27] {magoo} valid
[10:27] {fernp} yes Vad
[10:27] {Threei} cool... C 1:2 then!
[10:28] {Threei} a bit late but heck...
[10:28] {Threei} consider it an indication of me getting slow in my old age
[10:30] {fernp} HIG pulling back
[10:30] {Threei} market pulled back on decreasing volume
[10:30] {Threei} BAC nice drop
[10:32] {Threei} Long Setup: BAC .45 break if holding .40
[10:34] {fernp} in
[10:36] {wulff} where did you enter C?
[10:36] {nemo} .76
[10:36] {Threei} [10:12] {Threei} .76 if market greens again
[10:36] {Threei} [10:12] {Threei} with stop under .70
[10:41] {wulff} options expire day
[10:43] {wulff} expected more out of HURN...
[10:46] {dino} scsc tighten bstop to .30
[10:47] {dino} cov +.50
[10:52] {dino} rbcn
[10:54] {Threei} no go BAC'
[10:54] {fernp} stopped
[11:00] {wulff} end of day predictions?
[11:00] {Threei} wow... 5 hours in advance?? :)
06[11:01] * magoo slaps laserdave around a bit with a large trout
[11:01] {Threei} magoo
[11:01] {Threei} oh, never mind
[11:01] {Threei} you got it :)
[11:03] {laserdave} thanks gooby
[11:04] {magoo} no prob:)
[11:05] {magoo} quote server vad?
[11:06] {Threei} 7
[11:07] {Threei} shakeout BAC...
[11:07] {Threei} rude and generally unpleasant
[11:11] {magoo} short WFC here
[11:11] {magoo} target .fitty area
[11:11] {nemo} whatch .76 area Mags
[11:11] {magoo} in
[11:11] {magoo} .87
[11:18] {magoo} .96 stop
[11:19] {dino} sm s gbx .60
[11:27] {magoo} not liking wfc here
[11:27] {Threei} {WFC} ???.... you... you....
[11:34] {magoo} out...futes may bounce
[11:35] {nemo} you were right at the VWAP on WFC
[11:36] {magoo} dunno..its consolidating
[11:36] {magoo} could break either way
[11:37] {magoo} but bacon moves up
[11:37] {nemo} yeah the 200 period ma is rising but flattening
[11:37] {magoo} so shoulkd follow bacon
[11:37] {magoo} prob a good long here
[11:42] {nemo} How's the coma vad?
[11:42] {Threei} as always
[11:42] {Threei} pleasant
[11:53] {Threei} it's getting personal between me and BAC
[12:02] {magoo} short wfc ,92
[12:02] {magoo} lets try iot again
[12:02] {magoo} .00 stop
[12:16] {magoo} sigh out
[12:16] {Threei} market is absdolutely flatlined
[12:44] {dino} .
[12:44] {nemo} ?
[12:46] {dino} power surge
[12:49] {fernp} have to go. see you all on monday. have a nice weekend all
[12:49] {dino} magoo booted, can't get back
[12:49] {Threei} have a good one fern
[12:49] {Threei} it's almost over
[12:49] {Threei} just a tad more till Labor day
[12:49] {magoo} back
[12:50] {Threei} he can dino... as soon as he rememners his username
[12:50] {dino} lol
[12:50] {Threei} which you would think he should, after all these years
[12:50] {Threei} but no... lookie here:
[12:50] {Threei} 12:46] * magoo_ has joined #discussions
[12:50] {Threei} -----------
[12:50] {Threei} [12:46] * magoo_ was kicked by ChanServ
[12:51] {nemo} volume is creeping up ever so slightly on spy
[12:51] {dino} roflol
[13:10] {dino} kno, thin
[13:13] {dino} scsc l .00, stop .79
[13:24] {magoo} .
[13:41] {dino} i froze that stock, stop to .95
[13:43] {nemo} if the market weren't due for a bounce I'd say RIMM is dangerously close to a short on the 5 minute
[13:44] {nemo} Now I'm outhinking myself...reminds me of the guy in "Princess Bride" deducing whether his drink was poisoned
[13:44] {nemo} ....he died, by the way
[13:45] {dino} scanners red
[13:46] {dino} lol nemo, i remember that
[13:47] {nemo} "I've seen much worse cases than this"
[13:47] {dino} scsc stopeed
[13:47] {nemo} "Have fun storming the castle
[13:47] {nemo} "My name is Ynego Montoya, you killed my father...prepare to die"
[13:51] {nemo}'s rough being the only "coupla' sandwiches short of a picnic" type when ese isn't around
[13:54] {dino} igk l .31
06[14:03] * nemo slaps dino around a bit with a large trout
[14:09] {nemo} oh yahoo...
[14:31] {Threei} yawn
[14:32] {Threei} oh boy... my very very first camera:
[14:32] {Threei}
[14:38] {nemo} bored, huh?
[14:39] {dino} lol orrf
[14:40] {nemo} Carl Orff? Karmina Burana?
[14:40] {dino} nice spread +2
[14:40] {nemo} your kinda' trade
[14:41] {dino} 100 shares maybe
[14:52] {magoo} vad, we in anything?
[14:52] {nemo} you want me to vad?
[14:52] {Threei} as usual
[14:52] {nemo} coma
[14:52] {Threei} right
[15:20] {Threei} AIG
[15:20] {Threei} bounce candidate
[15:20] {Threei} .10 break
[15:20] {Threei} if holding 33
[15:21] {nemo} in
[15:21] {nemo} out
[15:30] {nemo} rude of aig again
[15:33] {nemo} really rude of aig
[15:33] {Threei} pullback under .10, let's try reentry
[15:34] {wulff} +.11 Rimm
[15:35] {Threei} :)
[15:36] {Threei} first strength from here AIG
[15:40] {Threei} grr
[15:40] {Threei} missed
[15:40] {nemo} were you sitting at .85
[15:40] {Threei} no, but was trying to catch the reversal
[15:41] {Threei} it came with no warning
[15:41] {nemo} yeah no real volume indication
[15:44] {Threei} House Majority Leader Hoyer says public option may have to be dropped in order to pass healthcare reform bill -
[15:44] {Threei} - Hoyer still favors the public option, and Speaker Pelosi reiterated yesterday that the bill would not pass without a public option. But today Hoyer says first and foremost the bill must pass: "We believe the public option is a necessary, useful and very important aspect of this, but well have to see because there are many other important aspects of the bill as well."
[15:50] {Threei} 33 break, going to give it last try
[15:55] {Threei} US Administration official forecasting 10 year deficit in line with CBNO projection at $9T
[15:55] {nemo} who the .... is going to finance that!?
[15:56] {Threei} out
[15:56] {Threei} RIMM was the bouncer of choice
[15:56] {Threei} not AIG
[15:56] {nemo} Calling it a day...peace & qiet
[15:56] {Threei} a week too
[15:56] {nemo} yep
[15:56] {Threei} today is friday, right?
[15:56] {Threei} - Administration had previously forecasted $7.1T budget deficit
[15:56] {nemo} Well, in Australia it's Saturday
[15:57] {Threei} ah... reality is setting in
[15:57] {Threei} just 2T miss
[15:57] {Threei} no biggie
[15:57] {Threei} okay guys... Labor day closer and closer
[15:57] {nemo} that's been 6x the average deficit
[15:57] {Threei} have as good weekend
[15:57] {nemo} c ya
[15:58] {Threei} see you all on Monday
[15:59] {dino} later all, have a good weekend
[15:59] {larisa} bye all :)
[15:59] {magoo} yup..ty