Tuesday, August 25, 2009

Aug 25 2009

Beautiful day with a few scalps and a few bigger plays: AIG, notably HGSI for 45 cents and MTXX. No complains at all.

Session Time: Tue Aug 25 00:00:00 2009

[08:36] {bluejet} gm
[08:36] {Threei} Good morning
[08:46] {fernp} good morning everybody
[08:46] {Threei} fern :)
[08:55] {Threei} US) President Obama: Confirms speculation that he will endorse current Fed Chairman Bernake for second term
[08:56] {Threei} - States that Bernake has helped to prevent a second great depression
[08:56] {Threei} never mind that first he helped to create the threat
[09:00] {Threei} JUN S&P/CASESHILLER-20 Y/Y: -15.44% V -16.4%E; HOME PRICE INDEX: 141.86 V 139.84 PRIOR
[09:01] {Threei} NANO Announces Multiple Purchase Orders for Caliper Mosaic Overlay and Atlas OCD Metrology Systems from Leading Memory Customer (5.26, 0.00, 0.00%)
[09:03] {Threei} Fed's Bernanke: pledges to do his utmost to promote an environoment of growth and prosperity
[09:03] {Threei} - Fed has been challenged by the events of the last several years.
[09:08] {magoo} morning
[09:09] {Threei} mags :)
[09:09] {magoo} big gap hgsi
[09:09] {larisa} gm :)
[09:09] {Threei} no news
[09:09] {Threei} larisa :)
[09:17] {cosmo} COCO firming?
[09:18] {cosmo} 19.11 lod so far
[09:21] {dptl} good morning
[09:22] {Threei} cosmo, dp :)
[09:23] {cosmo} :)
[09:28] {dino} gm all, ed's popping
[09:29] {Threei} dino :)
[09:29] {Threei} watching BCRX for possible continuation of momo
[09:29] {Threei} HGSI
[09:30] {Threei} FRE/FNM
[09:30] {Threei} ACOR Confirms Date of FDA Advisory Committee Review of Fampridine-SR for Improvement of Walking Ability in People with MS
[09:30] {Threei} - Reminder: On Aug 24 -FDA advisory panel has reportedly scheduled a review for multiple sclerosis d... (22.97, 0.00, 0.00%) more...
[09:32] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T
[09:32] {Threei} - See possibility of broader deficit levels on the back of a weaker economy
[09:32] {nemo} duh
[09:34] {Threei} Long Setup: BCRX .60 break half lot
[09:34] {Threei} if stays above .40
[09:35] {Threei} FNM, pullback just under 2 is interesting for wentry
[09:35] {nemo} whoa, bcrx
[09:37] {Threei} Long Setup: FNM 2 break if stays above 1.95
[09:37] {magoo} in .99
[09:39] {Threei} Long Setup: AIG on pullback to near .10
[09:39] {cosmo} COCO pre mkt high = 20 fwiw
[09:40] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T
[09:40] {Threei} - See possibility of broader deficit levels on the back of a weaker economy
[09:40] {Threei} oops, wrong one
[09:40] {Threei} (US) Karl Case: "The boat has turned" for US housing - radio interview (related XHB )
[09:41] {cosmo} turned over?
[09:41] {Threei} FNM no worky
[09:41] {fernp} C Vad?
[09:41] {Threei} BAC looks more promising to me fern
[09:41] {fernp} ok
[09:42] {Threei} Preview: Q2 and Jun US House Price Index due out at 10amET
[09:42] {Threei} **consensus expectation
[09:42] {Threei} - Jun (MoM): 0.4%e v 0.9% prior (estimates range between 0.0% to +0.6%)
[09:42] {Threei} - Q2 QoQ: -0.4%e v -0.6% prior
[09:42] {Threei} comwe on AIG, a bit more
[09:43] {Threei} Long Setup: BAC .70 if stays above .60
[09:44] {magoo} HGSI strong
[09:44] {Threei} in AIG
[09:45] {Threei} 1:2
[09:45] {Threei} out
[09:45] {Threei} that was easy money
[09:45] {Threei} laid out well in advance
[09:46] {nemo} use Getco?
[09:46] {Threei} no
[09:46] {Threei} it moves a bit too fast and I didn't want to miss it
[09:46] {Threei} BAC, I did
[09:46] {magoo} out bac .78 TY
[09:46] {magoo} 3k
[09:46] {Threei} BAC 1:1
[09:48] {Threei} anyone got AIG on that beautiful drop right into entry??
[09:48] {magoo} missed..where u take it
[09:48] {nemo} magoo missed
06[09:48] * nemo faints
[09:48] {Threei} 34.10
[09:49] {fernp} no. and missed BAC
[09:49] {magoo} nice
[09:49] {magoo} read on HGSI boss?
06[09:49] * Threei sends coffee to entire room
[09:50] {magoo} BCRX
[09:50] {Threei} none here mags
[09:50] {cosmo} add two shoys here
[09:50] {nemo} coffee???
[09:50] {cosmo} shots
[09:50] {nemo} yeah..gray goose...ketel1
[09:50] {Threei} you guys are confused... we make money, THEN fall asleep
[09:50] {Threei} not the other way around
[09:50] {nemo} oh yeah, look at BCRX nice dip in price and volume
[09:51] {Threei} that's unless you possess the skill to make money in your sleep of course
[09:51] {cosmo} mutual funds do that ...i think
[09:52] {Threei} BCRX, .40 break was setup... I hesitated seeing how it misbehaved earlier
[09:53] {nemo} did it misbehave, or just follow the market?
[09:53] {Threei} I don't think it has much to do with market at this point, momo is too fresh
[09:56] {magoo} HGSI vad
[09:57] {Threei} mags, there are no technicals to it
[09:57] {magoo} i know
[09:57] {magoo} has ythe look
[09:57] {Threei} what do youy want from me, to call it a momo? :)
[09:57] {Threei} it is
[09:57] {magoo} cranky
[09:57] {magoo} ud be a hero if u did
[09:58] {Threei} it has 20 look
[09:58] {Threei} catch a pullback
[09:58] {fernp} LTD interesting daily breakout
[09:59] {nemo} rimm forming symmetrical triangle
[10:00] {Threei} AUG CONSUMER CONFIDENCE: 54.1 V 47.9E
[10:02] {fernp} out LTD +.28
[10:02] {Threei} wtg
[10:03] {fernp} ty
[10:03] {Threei} is it me or quotes just died?
[10:03] {dptl} laser..out
[10:03] {nemo} check your pulse
[10:03] {nemo} laser fine for me
[10:04] {larisa} fine here
[10:04] {nemo} canucks
[10:04] {Threei} our route then dp
[10:04] {Threei} ploy against Canada
[10:04] {nemo} commie bastards
[10:04] {Threei} back up now
[10:05] {Threei} and I was wondering how come fern profited form a stock that doesn't move, lol
[10:05] {fernp} lol
[10:07] {dino} scanners red fwiw
[10:12] {Threei} JUN HOUSE PRICE INDEX M/M: 0.5% V 0.4%E
[10:12] {Threei} - Q2 House price index Q/Q: -0.7% v -0.4%e
[10:12] {Threei} - Prior MoM revised to 0.6% v 0.09% prior
[10:12] {Threei} - Home prices -5% in 12 months ended in June
[10:15] {dino} sm s pwrd .80
[10:15] {wulff} like BCRX short
[10:15] {dino} bstop .06
[10:21] {Threei} Long Setup: HGSI .65 if stays above .50
[10:22] {magoo} i
[10:23] {dino} pwrd bstop to b/e
[10:23] {dino} to .70
[10:23] {dino} mkt bounce
[10:24] {Threei} wow
[10:25] {Threei} stubborn seller at .65
[10:25] {dino} cov .50, +.30
[10:25] {Threei} got steamrolled finally
[10:27] {dino} strange, china -2.5% china amer. listed up
[10:28] {Threei} 1:1 is close enough for partial, HGSI
[10:28] {Threei} market reversed down, let's not be too anal-retentive about couple cents
[10:28] {Threei} me half out and stop to under .60 for the balance
[10:30] {fernp} ty HGSI, Vad
[10:30] {Threei} :)
[10:36] {Threei} 1:2
[10:36] {Threei} me out and happy
[10:36] {dino} back in 30 or so, r.e. issues
[10:37] {Threei} you and whole country, dino
[10:37] {dino} buying today
[10:37] {magoo} internet crasjh
[10:37] {magoo} i here?
[10:37] {Threei} yes
[10:39] {Threei} did HGSI for 1:2 mags?
[10:39] {magoo} still in..just got running
[10:39] {Threei} ok... I am out
[10:39] {Threei} wulff... shorted your BCRX?
[10:40] {wulff} missed
[10:40] {wulff} might redo
[10:41] {magoo} out hgsi
[10:41] {magoo} ty vas
[10:46] {magoo} vad..lets watch hgsi vad another bounce
[10:48] {magoo} vasilee?
[10:49] {magoo} [10:41] {magoo} ty vas
[10:49] {Threei} sigh
[10:50] {Threei} you reely shool hav taken lesons from my typin teeecheer
[10:53] {magoo} i took the speed cousrres
[10:53] {magoo} lkdzxfnfdslk
[11:01] {nemo} this is feeling like yesterday...which means it won't be
[11:24] {dino} back
[11:24] {nemo} happy day
[11:25] {dino} bidding, we'll know in a week
[11:25] {nemo} where is it?
[11:26] {dino} ne pa, foreclosure
[11:26] {nemo} multi or single?
[11:26] {dino} single, 2200 sq, 2 story
[11:27] {dino} enough tho, time to trade
[11:28] {dino} ouch npwz
[11:28] {magoo} HGSI
[11:36] {patience} .
[11:36] {Threei} good point
[11:38] {Threei} not to put too gine point at it, but I'd really like to point out how good the point is, and do so in a pointed fashion
[11:39] {dino} point well taken
[11:40] {nemo} I think I prefer him in a coma
[11:40] {Threei} {patience} at what point did I subject myself to this, and what's the point of aall this?...
[11:41] {nemo} oh great, meaning of life questions
[11:44] {Threei} lol
[11:44] {Threei} Credit Suisse Raised 036570.KS to Outperform from Underperform
[11:44] {Threei} good... how do we trade THAT?
[11:44] {nemo} 3.1416
[11:45] {dino} neu up to games again
[11:45] {Threei} European Aeronautic Defence & Space Co. WTO reportedly come to conclusion on case over EU aid to Airbus on Sept 4; results will not be immediately available to public - unconfirmed report
[11:45] {Threei} - US was complaining about the aid Airbus receives from countries in Europe
[11:46] {Threei} that's something to potnetially impact BA, no?
[11:46] {nemo} that will be until Boeing goes for a bailout
[11:46] {nemo} ooohhh....great minds
[11:46] {Threei} frightening thought
[11:46] {nemo} yeah...for you
[11:46] {Threei} well, .60 for BA...
[11:47] {Threei} break point with .50 as support
[11:47] {nemo} news may have already been out, look at the stock today
[11:47] {Threei} just looking at the chart
[11:47] {Threei} not going off news
[11:48] {Threei} news is meaningless since they don't disclose the decision anyway
[11:49] {dino} ba complaining because they have problems keeping the wings on their dreamliner
[11:50] {dino} wcn drop
[11:52] {dino} not enough
[12:07] {nemo} ag popped
[12:07] {larisa} AIG HGSI woke up
[12:07] {Threei} like someone pushed momo button somewhere
[12:08] {Threei} is BCRX next?
[12:08] {nemo} had nice formation on both 1 an 5 minute
[12:08] {Threei} FDA reportedly creating a panel for Tobacco oversight
[12:08] {Threei} - Reminder: in June US Congress granted the FDA approval to regulate the tobacco industry
[12:09] {Threei} 75% Worried That Gitmo Closing Will Set Dangerous Terrorists Free
[12:09] {Threei} other 25% think they are rehabilitated?
[12:10] {nemo} so conservatives think they're dangerous and liberals think they're rehabilitated
[12:11] {Threei} HGSI is determined to get to that 20
[12:11] {Threei} and probably higher
[12:11] {dino} neu taunting me
[12:12] {Threei} that's magoo in dusguise, dino
[12:12] {dino} lol, no he just pisses me off
[12:12] {Threei} rofl
[12:13] {Threei} let's see wqhere HGSI bottoms out
[12:13] {dino} missed svr short at 19.48, only hit .41
[12:13] {Threei} to staructure breakkout setup
[12:14] {Threei} Long Setup: HGSI .50 break
[12:14] {nemo} popped at the same time aig did
[12:14] {magoo} in .16
[12:14] {Threei} I guessed as much mags
[12:14] {magoo} i take more .50 break
[12:14] {Threei} AIG
[12:15] {Threei} this pullback is attractive
[12:15] {magoo} as attractive as dino?
[12:15] {dino} not possible
[12:16] {nemo} oy
[12:16] {dino} :)
[12:18] {fernp} .35 invalidate HGSI?
[12:18] {Threei} .30 - .35, yeah
[12:18] {Threei} gotta give it a little leeway for its natural volatility
[12:19] {magoo} id take HGSI on pllbkn
[12:19] {Threei} Long Setup: AIG .20 if sdtays above .10
[12:19] {magoo} its going over 20or my name isnt vasilee
[12:19] {Threei} I see what you mean dino... {G}
[12:20] {Threei} come on HGSI
[12:20] {Threei} break
[12:20] {Threei} you want it badly
[12:21] {nemo} shwoa
[12:21] {magoo} took more
[12:21] {magoo} .50
[12:21] {magoo} i got millions
[12:22] {magoo} of shares that ois
[12:22] {magoo} is truilliond
[12:22] {fernp} out TY Vad
[12:22] {Threei} :)
[12:26] {Threei} half out for me here
[12:26] {Threei} .76
[12:26] {magoo} .87 here looking for
[12:26] {Threei} offering balance at .95
[12:28] {magoo} out .81
[12:28] {magoo} changed mind
[12:28] {magoo} will reenter most proprieably
[12:28] {jmb} Thanks Vad
[12:29] {Threei} welcome
[12:30] {Threei} direct hit
[12:30] {Threei} out +.43
[12:30] {Threei} rare case where momo mover gave purely technical setup
[12:31] {Threei} look at 1 min, .50 break
[12:31] {Threei} picture perfect
[12:31] {magoo} nice one boss:)
[12:34] {magoo} vad./.we make goodf team sometimes...so pass over the vodka
[12:34] {Threei} sure thing
[12:35] {Threei} just make sure nemo is nowhere around, or we will have to fight him for each shotglass
[12:35] {nemo} yep
[12:35] {Threei} and watch dp waking up
[12:36] {magoo} MTXX
[12:36] {Threei} MTXX Strength attributed to speculation the Co. could receive a favorable determination on Zicam from the FDA
[12:36] {Threei} - reminder: in June the company conducted a voluntary recall of Zicam cold remedy nasal gel and gel... (5.64, +0.58, 11.46%) more...
[12:37] {dino} i remember that trade, painful
[12:37] {Threei} yeah, loss of smell
[12:39] {Threei} HGSI
[12:39] {Threei} back into support for bounce
[12:40] {Threei} MTXX has it
[12:40] {Threei} watch it to get a feel for these patterns
[12:41] {magoo} going vertical
[12:41] {Threei} how deep pillbacks are, how it acts after breaks
[12:41] {Threei} buold your idea of the way to play momos
[12:41] {Threei} as I said before, we will have more of these
[12:41] {Threei} so use these early birds to study
[12:42] {Threei} the idea here is, in most cases I won't be able to call exact entries on thewm
[12:42] {Threei} it's rare case when they form such perfect setups as HGSI just did
[12:43] {Threei} so, as soon as we identify a stock as momo play, you need to be able to observe it jst briefly in order to come up with the way to play it,
[12:43] {Threei} and it requires watching them for a while to get a feel for them.
[12:43] {Threei} Then we all will be like many little magoos
[12:44] {Threei} (dino is frightened by this perspective but what can we do...)
[12:45] {Threei} rofl... see the post by Laser admin?
[12:45] {Threei} one more in bad need of typing lessons...
[12:45] {dino} show me the exit
[12:45] {larisa} was wondering why they calling me dude :)
[12:45] {Threei} lol larisa..
[12:45] {Threei} hehe dino
[12:45] {Threei} 12:44:19 ADMIN37 --} (All): Dude to system problem...
[12:46] {larisa} did you play HGSI off .60 ?
[12:46] {dino} sometimes i feel unappreciated
[12:47] {Threei} no larisa, but not for trading reasons
[12:47] {Threei} dino... sometimes? you are lucky one
[12:49] {Threei} Las Vegas median home price fell to $130K in July
[12:49] {magoo} yea..its hard being magoo
[12:51] {dino} scanners going red
[12:51] {Threei} there is an auction result to be announced
[12:51] {Threei} at 13:00
[12:51] {Threei} one of those larisa...
[12:52] {Threei} that we never know how to interpret
[12:52] {dino} glv
[12:52] {nemo} so, watch tbt, tlt, fas, faz?
[12:54] {dino} or tv
[12:54] {nemo} don't quit your day job
[12:56] {dino} lol
[12:56] {nemo} tbt and fas falling interesting
06[12:58] * magoo slaps Threei around a bit with a large trout
[13:01] {Threei} - indirect bidders take % of competitive bids
[13:01] {nemo} it's 1:01 Vad, wheres the news
[13:01] {nemo} cool
[13:02] {Threei} indirect bidders take 49.4% of competitive bids
[13:02] {Threei} - notes draw 1.119% with %92.3 alotted at th
[13:02] {nemo} oh, notes...no big deal
06[13:02] * Threei slaps nemo around a bit with a large rock with Be Patient! sign carved on it
06[13:03] * magoo slaps Threei around a bit with a large trout
[13:03] {magoo} .
[13:03] {dino} cisg sm s .38
06[13:08] * nemo pulls the granite chunks out of his ear
[13:17] {magoo} im writing a book.."the games, the foolery..the lies..of the modern market"
[13:18] {Threei} I will be happy to read it - providing our typing teacher approves it first
[13:18] {magoo} a day in the life of a modern daytrader
[13:21] {Threei} Chapter 1: Coffee
[13:21] {Threei} Chapter 2: Vodka
[13:21] {Threei} Chapter 3: Coffee with Vodak
[13:22] {Threei} Chapter 4: Vodka with Coffee
[13:22] {nemo} Chapter 5: Bathroom Visit
[13:22] {nemo} Vad, you kick the plug
[13:22] {magoo} chapt 6: alarm clock wakes u up
[13:23] {Threei} Citigroup Inc US Judge dismissed class action lawsuit against company; allows amendment to complaint by plaintiffs
[13:23] {Threei} - Suit alleged Citigroup caused its stock to plunge by making risky investments in subprime mortgages which led to large writedowns.
[13:31] {dino} ahhh, it's jamisons' w/coffee
[13:33] {nemo} amazon closes gap
[13:35] {nemo} oil sees some profit taking
[13:35] {Threei} the more the merrier
[13:35] {Threei} may we see profit taking all the way down to 30?
[13:36] {nemo} depends on how much profit taking we see on the $
[13:39] {magoo} hg seems detemined
[13:41] {dino} cisg bstop to .31 stuck
[13:42] {dino} igk drop
[13:42] {dino} aef too
[13:48] {Threei} Opinion (and we know what they say about those):
[13:48] {Threei} As a percentage of GDP current national debt is at about the same level as it was during the Eisenhower administration. This is not good but the U.S. has managed much higher debt levels in the past (120% of GDP during WWII) and other countries have rebounded from much worse debt situations in recent history.
[13:56] {magoo} drilklung HGSI vad
[13:56] {nemo} WHAT???
[13:56] {Threei} I am sorry... HGSI does WHAT??
[13:56] {nemo} So it isn't just me
[13:56] {magoo} drilling ROFLOL
[13:56] {Threei} no, not this time anyway
[13:56] {nemo} or killing?
[13:57] {nemo} what, you Swedish or somethin'
[13:57] {Threei} GOOG YouTube to begin insertion of ads on popular user generated videos; to share revenue with uploaders - CNBC
[13:57] {dino} fwiw, japans' debt is much higher percentage. doesn't matter until it does, imo
[14:00] {nemo} yeah, I've been a victim of those youtubes
[14:03] {dino} did cisg get wide or what
[14:03] {dino} hmm not now
[14:03] {dino} was just .08-.21
[14:10] {Threei} didn't watch it at the moment, but it's so thin, can do it easily
[14:12] {dino} cov cisg .25, +.13
[14:13] {Threei} 79% Know Someone Out of Work and Looking for Employment
[14:13] {Threei} the rest 21 live deep in the forrest and never meet another human being
[14:15] {nemo} RIMM FCX DBs?
[14:16] {Threei} RIMM, .50 break is valid attempt
[14:16] {Threei} if holding .35
[14:17] {Threei} FCX .85
[14:17] {Threei} if holding .70
[14:17] {Threei} I am not overy enthusiastic about either
[14:17] {Threei} not because I don't like them...
[14:17] {nemo} no, everything so slow, charts look good
[14:17] {Threei} it;s just not very compelling
[14:19] {magoo} MTXX keeps going
[14:21] {Threei} RIMM 1:1
[14:22] {nemo} would have been...you didn't give it the Vad seal of approval
[14:22] {Threei} shrug
[14:22] {Threei} you likey - you takie
[14:22] {Threei} I said, it was valid
[14:22] {nemo} not compelling
[14:22] {Threei} and my personal preference was to stay in coma
[14:23] {Threei} MTXX is likely to contunue
[14:23] {Threei} .55 breakl has some resemblense of a setup
[14:25] {dino} aef l .66
[14:25] {magoo} i took hgsi long .55
[14:25] {magoo} oops .60
[14:37] {dino} stopped -.16
[14:43] {Threei} if willing to start trying,
[14:43] {Threei} MTXX .40 break
[14:43] {Threei} with stop under .30
[14:44] {dino} intu l .20
[14:47] {dino} svr
[14:51] {Threei} over 1:1
[14:51] {jmb} Thanks Vad
[14:51] {Threei} welcome
[14:51] {Threei} 1:2
[14:59] {dino} zzzzzzzzzzzzzzzzzzzz
[15:06] {dino} hl l igk .75
[15:16] {wulff} have you noticed that alot of the moves are coming during the lunch hour
[15:16] {nemo} gotta' go...look at that beautiful rimm volume spike at 2:39
[15:17] {Threei} some of momo moves yes wulff
[15:22] {wulff} WFC short into close?
[15:24] {Threei} I wouldn't
[15:29] {Threei} kept last 300 shares of MTXX in case of last minutes run
[15:29] {Threei} out at .78
[15:30] {dptl} have a good evening all
[15:30] {Threei} take care dp
[15:30] {Threei} ALTH
[15:30] {Threei} ALTH CEO: Hoping for a Sept 24 Pralatrexate approval by the FDA in treatment of peripheral T-Cell lymphoma
[15:30] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a m... (7.94, -0.04, -0.50%) more...
[15:31] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a marketing partnership
[15:31] {wulff} 1:1 on ficticious WFC
[15:32] {larisa} vad needs to work on exits, high on HGSI 19.98 and exit was at .95, now MTXX .78 when high is .79 :) so not perfect
[15:33] {Threei} I pride myself in having beauty fly
[15:33] {Threei} little flaw that just underlines the perfection
[15:34] {dino} sometimes we expect too much
[15:34] {Threei} MTXX should have another run in it...
[15:35] {Threei} The Goldman Sachs Group Inc Ticking lower after reports of Mass AG subpoena over dissemination of 'trading tips'
[15:35] {Threei} - Earlier in the week press reports indicated regulatory bodies were looking into how GS disseminated information in 'trading huddles' to select clients
[15:45] {Threei} MTXX becomes ahrd to resist, lol
[15:45] {Threei} very good day, don't want to spoil it
[15:45] {Threei} but such pullback...
[15:46] {dino} out intu .30, +.10
[15:46] {Threei} wow, .79 is really the top
[15:50] {fernp} good evening all. see u tomorrow
[15:50] {Threei} take care fern
[15:52] {dino} cya fernp
[15:53] {Threei} Okay guys, thank you all
[15:54] {Threei} making myself to leave before I put a flaw in this day :)
[15:54] {Threei} have a great evening, see you tomorrow
[15:54] {dino} cya 3i
[15:54] {larisa} bye:)
[15:59] {dino} out igk .70 -.05