Monday, September 28, 2009

Freeport, Bahamas conference - January 2010
Vad's sessions - 2 days, including live trading


We made three winning trades in the morning on GAME, CYTK and HIG - and then quotes quit n us. For better or for worse... but that's how the day started and ended.

Session Time: Mon Sep 28 00:00:00 2009

[08:08] {magoo} morning
[08:08] {nemo} mags :)
[08:09] {nemo} rimm continues the down elevator
[08:19] {KSystems} morning
[08:19] {nemo} Tag
[08:50] {Threei} Good morning
[08:50] {ese} good morning vad
[08:50] {Threei} ese :)
[08:50] {nemo} good morning master
[08:50] {nemo} ese dude
[08:51] {ese} due!!!!!
[08:51] {ese} ahhh no dude!!!!
[08:51] {nemo} didn't know you were french
[08:51] {nemo} or italian
[08:54] {ese} german/english....brutal combo
[08:54] {nemo} easy for me and K
[08:55] {magoo} morn vad
[08:55] {nemo} rimm now showing a bit of bounce
[08:55] {cosmo} irish/russian here
[08:55] {Threei} magoo, cosmo :)
[08:55] {nemo} speak gaelic cosmo?
[08:56] {cosmo} ogam
[08:58] {ese} really?.....now thats cool
[08:59] {cosmo} Ogam is the oldest form of writing in Ireland and Scotland. ... the syntax of the Gaelic language in no way lends itself to be written in traditional Ogam.
[09:02] {cosmo} COMS: Gets Bump from Cramer Mention fwiw
[09:04] {Threei} 24 Sep 2009 08:56 COMS Guides Q2 EPS $0.06-0.07 v $0.06e, R$295-305M v $287Me - conf call
[09:04] {Threei} - Sees Q2 gross margins at or around Q1 levels
[09:04] {Threei}
[09:04] {lasertrev} good morning
[09:04] {Threei} trev :)
[09:08] {ese} short squeeze with rimm first then back dn i would figure
[09:09] {ese} trev
[09:09] {nemo} dino :)
[09:11] {lasertrev} morning ese
[09:12] {dino} gm
[09:13] {ese} dino......
[09:14] {Threei} dino :)
[09:18] {Threei} US) Oppenheimer's Gheit: Oil prices are "inflated and unjustified," sees oil demand weak "for years to come"
[09:18] {larisa} gm :)
[09:18] {Threei} larisa :)
[09:20] {cosmo} YRCW
[09:20] {cosmo} watching for the 5 test
[09:21] {Threei} no news
[09:21] {cosmo} k
[09:25] {fernp} good morning everybody
[09:25] {Threei} fern :)
[09:25] {dptl} good morning all
[09:25] {Threei} dp :)
[09:30] {magoo} rimm ripoped
[09:31] {nemo} think eom window dressing?
[09:31] {nemo} eoq also
[09:32] {magoo} lvs dump vad
[09:32] {Threei} ?
[09:32] {nemo} rimm dump
[09:33] {Threei} 20 cents selling
[09:33] {magoo} i meant it did
[09:33] {magoo} im alerting
[09:33] {Threei} how's that quilify as dump?
[09:33] {nemo} does .90 on RIMM?
[09:33] {Threei} how about we leave theory for later?
[09:33] {magoo} XRX dumps
[09:35] {Threei} Long Setup: GAME 11.20
[09:38] {nemo} stop under .03?
[09:38] {Threei} 11 is more natural support
[09:39] {Threei} Long Setup: CYTK .20 break
[09:40] {magoo} rimm qualifies now for dump
[09:40] {Threei} half out GAME
[09:40] {Threei} scalpers take profit
[09:40] {nemo} ty
[09:40] {fernp} ty Vad
[09:41] {Threei} CYTK, if sets up and works, probable bigger mover
[09:41] {Threei} 5 is support and a bit too volatile, so size it accordingly
[09:43] {nemo} lvs vad
[09:44] {Threei} Long Setup: HIG 26 break
[09:45] {Threei} half out
[09:45] {Threei} scalpers take profit
[09:46] {ese} nice one...just missed call
[09:48] {Threei} CYTK chews through huge offers
[09:49] {magoo} out game .43 TY
[09:50] {Threei} 1/4 more out HIG
[09:52] {Threei} out HIG in full
[09:52] {Threei} +.30
[09:52] {magoo} out HIG here .34 TY
[09:53] {magoo} RIMM coiling imo RISKY..im in
[09:55] {magoo} jesus ..out
[09:55] {nemo} mags...conservative trading discussion on Friday
[09:56] {Threei} Attention: CYTK first partial here
[09:56] {Threei} stop to under .10 for the balance
[09:57] {ese} i am just not with the program here.......once again nice one all
[10:03] {nemo} lvs rea Vad?
[10:05] {Threei} .60 break maybe...
[10:05] {nemo} yes
[10:07] {ese} dndn
[10:12] {nemo} reade aone vad?
[10:13] {Threei} none
[10:17] {magoo} read AIG vad?
[10:18] {Threei} none
[10:19] {Threei} CYTK, nears 1:2
[10:19] {Threei} Bank of America Corp Ohio AG: See damages against corporation by shareholders reaching into the billions of USD
[10:19] {Threei} - Suit would target CEO Ken Lewis, CFO Joe Price and John Thain
[10:19] {Threei} - Suit regards allegations of concealed losses at Merrill Lynch leading up to acquisition
[10:20] {ese} dino...anything out there on the horizon
[10:21] {ese} cytk....eveready battery
[10:29] {Threei} SEPT DALLAS FED MANUFACTURING ACTIVITY: -0.5% V 1.0%E
[10:29] {ese} opps
[10:29] {Threei} V -1.0%E
[10:31] {ese} ahhhh better
[10:34] {dino} looking at amn, and rimm
[10:37] {ese} got out of my rimm dabble last friday end of day -.50 on that 1k....no bounce
[10:39] {dino} bummer
[10:39] {dino} hit the 66 area we discussed
[10:40] {ese} ya well......a gamble i admit....and you were right.....i think 65 is possible with rimm
[10:51] {Threei} things flatlined
[10:52] {Threei} latest additons: http://www.realitytrader.com/photography/
[10:54] {ese} where did you photo those birds vad?
[10:55] {Threei} butterfly garden
[10:56] {ese} where is that? never heard of it
[10:56] {Threei} on your way to Butchart
[10:56] {ese} hmmmmm
[10:56] {Threei} corner of West Saanich rd and Benvenuto
[10:56] {Threei} take your kids there, they'll love it
[10:56] {Threei} you will too :)
[10:57] {ese} just may do that next weekend
[11:00] {fernp} yes, nice pics Vad
[11:00] {Threei} ty
[11:00] {Threei} I have a lot from that place
[11:00] {Threei} will sort out to post the best
[11:00] {magoo} hehe..glad of my out GAME..wish i stayed in HIG
[11:00] {Threei} connection between USD and equities seems to be lost
[11:01] {Threei} yeah, HIG move is way beyond what I expected
[11:02] {Threei} World Bank Pres Zoellick: China is moving gradually towards open Yuan policy; China is major stabilizing force in global economy
[11:02] {Threei} - Chinese Yuan future policy will depend greatly on US choices regarding the USD
[11:02] {Threei} - China continues to face large choices in 2010
[11:02] {Threei} ***Reminder: On Sept 27 -World Bank President Zoellick said the US should not take for granted the dollar's status as the world's main currency
[11:02] {Threei} - Also, Zoellick questioned the wisdom of giving the Fed more power over banks and he believes the Treasury, which is more accountable to Congress, should be given the authority to regulate large financial companies.
[11:02] {Threei} **Note: The comments are from a speech that will be delivered tomorrow at Johns Hopkins University.
[11:04] {nemo} maybe not vad eoq eom window dressing time
[11:04] {Threei} could be
[11:04] {nemo} yeah, just a thought...
[11:06] {Threei} US Commerce Sec Locke: US committed to resisting protectionism
[11:06] {Threei} lol
[11:06] {Threei} when he says "US", what or who exactly does he mean?
[11:07] {nemo} it's like an alcoholic staying on the wagon
[11:07] {nemo} maybe yes....maybe no
[11:07] {Threei} as if US spoke with single voice, or if protectionism was not coming from US-based entities
[11:07] {nemo} does that qualify for Captain Obvious?
[11:08] {Threei} don't know but I try my best
[11:09] {Threei} I struggle to hold on that title ever since they took "economy is in difficulties" away from me
[11:09] {nemo} life's not fair
[11:14] {Threei} insurers are really strong
[11:14] {Threei} HIG, MET, PRU
[11:14] {magoo} not AIG respectfully submitted here
[11:15] {magoo} unless, it decides to riiiiiip
[11:15] {Threei} no, but HIG is somewhat different kind
[11:16] {magoo} true..and aig is a trading momo nutjob
[11:16] {nemo} you or the stock?
[11:22] {ese} L stec .95 agressive entry here
[11:33] {dptl} .
[11:34] {ese} dddddddddpppppppppp!!!!!1
[11:34] {dptl} :)
[11:46] {Threei} HIG spiking
[11:46] {Threei} (EU) ECB's Trichet: Extremely important to have a strong USD; solidarity around the USD is very important.
[11:51] {Threei} interestingly, this spike is HIG alone
[11:51] {Threei} no MET or ORU
[11:51] {Threei} and no news
[11:51] {magoo} nice alert
[11:52] {magoo} i hit it .11
[11:52] {Threei} let's see:
[11:52] {Threei} our entry on HIG was 26
[11:52] {Threei} pure beauty
[11:52] {Threei} now,
[11:52] {Threei} can be same said about our exit?? :)
[11:52] {nemo} armchair trading
[11:53] {Threei} out of everything out there, this particular one decided to go non-stop
[11:53] {magoo} partialed .39
[11:53] {magoo} ty
[11:53] {Threei} anyway... we are 3 for 3 today
[11:53] {Threei} and magoo managed to squeeze 4th one, lol
[11:54] {Threei} considering that market totally flatlined, I am not going to cry about exiting too soon on one of them
[11:57] {Threei} RIMM still hasn't stabilized
[11:57] {magoo} out bal .39 Ty
[11:58] {Threei} anyone's holding some CYTK still?
[11:58] {fernp} not here
[11:59] {Threei} ok... just wanted to know if anyone needs comments on remainder
[12:01] {Threei} Market Internals update at 12:00pmET
[12:01] {Threei} - NYSE volume 343M shares, about 23% below its three-month average; advancers lead decliners by 9.5:1.
[12:01] {Threei} - NASDAQ volume 877B shares, about 10% above its three-month average; advancers lead decliners by 3.8:1.
[12:01] {Threei} - VIX index -1.6% to 25.20
[12:04] {Threei} I am about to cry here
[12:04] {ese} i'm convinced that dino prediction of 65 somewhere for rimm is where it will stablize
[12:04] {Threei} just when I thought I finally nailed exact % of idiots by this:
[12:04] {magoo} HIG ballistic
[12:04] {Threei} Only 9% Rate Economy As Good Or Excellent
[12:04] {nemo} Yeah, but ese, if it spikes first...
[12:04] {Threei} and immediately along comes:
[12:05] {Threei} 29% Say Americans Selfish For Putting Economy Ahead of Global Warming
[12:05] {nemo} Phewwww....I thought somebody was gonna' say Santa Claus doesn't exist
[12:05] {ese} santa who?
[12:06] {Threei} MET...
[12:06] {nemo} you have an excuse having grown up in the 70's and being a musician
[12:06] {Threei} if HIG is any indication, .50 break should work
[12:06] {Threei} not a call... I am not confident in it enough,
[12:06] {Threei} see if you like
[12:07] {Threei} if go for it, stop is under .40
[12:07] {nemo} volume decreasing on MET climb
[12:07] {nemo} HIG volume increased on recent surge
[12:12] {ese} X and sales on met isn't turning over like mad fools vad.....risky
[12:12] {ese} stec
[12:12] {ese} pulback
[12:12] {nemo} appointment trading
[12:13] {ese} ya
[12:13] {Threei} preaching to the choire... remember me saying I don't have confidence in it? :)
[12:16] {Threei} CYTK is probably worth another shot for scalp on .40 break
[12:17] {nemo} .03 stop?
[12:18] {Threei} ??
[12:18] {nemo} hasn't been below .37 for almost 20 minutes
[12:19] {Threei} lol
[12:20] {nemo} over ANALyzing am I
[12:20] {Threei} taking .03 suggestion as price level, as we usually do... that would be one wide stop
[12:35] {dptl} is lazer stoped or nothing moving?
[12:35] {larisa} stopped
[12:35] {nemo} yeah I'm having problems too
[12:36] {dptl} oh..ty
[12:38] {nemo} Hey Lasertrev! What Up?
[12:39] {Threei} quotes are not updating trev
[12:39] {nemo} Laser seems to be malfunctioning
[12:40] {nemo} chart's haven't updated in almost 30 minutes
[12:40] {lasertrev} ok i will look in to it
[12:40] {larisa} anybody need quote?
[12:41] {nemo} quotes on rim are accurate, chart just not updating
[12:41] {nemo} rimm
[12:41] {larisa} they are not. RIMM is 67.15 now
[12:41] {nemo} yeah, I've got good quotes, no charts
[12:43] {Threei} 12:41:15 ADMIN7 --} (All): NASDAQ having streetwide issues, affecting quotes and orders
[12:44] {Threei} I like our prime minister but come on
[12:44] {Threei} CA) Canadian govt: significant uncertainty over the extent and speed of the recovery globally or in Canada
[12:44] {Threei} stop competing with me in the obvious department, will ya
[12:44] {lasertrev} nasdaq is having issues, we are working on it from our end
[12:45] {Threei} they'll make me resort to the last measures: Sun rises in the East
[12:53] {Threei} AIG Moody's: GAO assessment of AIG last week does not affect ratings
[12:54] {nemo} RIMM trying to get off the mat
[12:59] {lasertrev} everyone getting quotes?
[12:59] {magoo} very poorly here
[13:00] {Threei} no
[13:00] {larisa} no t&S also
[13:00] {lasertrev} ok
[13:02] {dptl} i have nothing
[13:02] {Threei} come on
[13:02] {dptl} well...just frozen pic
[13:02] {Threei} family...
[13:02] {larisa} lol
[13:02] {dptl} lol
[13:02] {Threei} friends...
[13:02] {dptl} :)
[13:05] {lasertrev} You should have something for quotes, you can try to log out and then log back in, might help. The problem is on Nasdaqs end for certain areas, not much i can do right now.
[13:06] {magoo} either my quotes are stuck..or someone unplugged the mkt
[13:07] {lasertrev} They are slow, but should move
[13:08] {lasertrev} Rimm 67.57
[13:09] {Threei} reload helped with L2, not with charts or T&S
[13:10] {lasertrev} ok, thanks
[13:15] {magoo} gonna reboot
[13:16] {Threei} don't!
[13:16] {Threei} haven't you heard of computes expoloding after too many reboots??
[13:16] {magoo} ohg oh why?
[13:17] {Threei} oh wait... that was a nightmare after drinking party with dp...
[13:17] {Threei} reboot at will
[13:17] {lasertrev} u r bad
[13:17] {magoo} i have rimm .66.98
[13:18] {magoo} correct?
[13:18] {larisa} 67.56
[13:18] {Threei} 67.54 here
[13:18] {lasertrev} 67.61
[13:18] {magoo} SIGH..and i rebooted, blew up my computer
[13:18] {magoo} q server vad?
[13:20] {Threei} lol... doesn't really work anyway
[13:20] {Threei} you want my non-working server over your non-working server?
[13:21] {Threei} anyway, if you insist: I am not getting quotes on 12th
[13:21] {Threei} you?
[13:26] {Threei} White House's Gibbs calls Iranian missile tests provocative; the "least" Iran can do at Oct 1 meeting is to agree to immediate and unfettered access to its nuclear facilities
[13:26] {magoo} 11 not working fine here
[13:26] {Threei} I just checked on 7th, not working fine either
[13:27] {Threei} isn't it remarkable how rhetorics and whole step by step development is absolutely the same as during run-up to Iraq war
[13:36] {magoo} hey vad..go to server 4
[13:37] {Threei} wow... this too is not working!
[13:37] {Threei} nicve find mags
[13:37] {Threei} ty
[13:37] {nemo} real pathfinder that guy
[13:38] {nemo} guys, for those of you not ascared of silverlight freestockcharts.com has real-time BATS data
[13:39] {Threei} shrug
[13:39] {Threei} just to watch?
[13:39] {nemo} what, we can't enter trades either...sheesh
[13:42] {Threei} any updates trev?
[13:43] {lasertrev} nothing yet
[13:46] {lasertrev} Nasdaq is working on it, when i hear anything i will update you all:s
[13:46] {nemo} he's picking up your typing skills Vad
[13:46] {Threei} it's contagious
[13:47] {magoo} u grot rthat coorrect
[13:47] {lasertrev} lol
[13:47] {Threei} magoo is my first vcitim
[13:48] {lasertrev} come on magoof, be nice
[13:49] {nemo} to whom trev?
[13:50] {magoo} and more importantly..why?
[13:51] {nemo} that was next after I figured out who he was talking about
[14:05] {dptl} ok have a good rest of the day all.....see ya tomorrow
[14:05] {Threei} take care dp
[14:06] {larisa} HIG non stop
[14:07] {Threei} amazing
[14:21] {fernp} my frozen CAT chart is long now with stop under 52 ... lol
[14:22] {Threei} frozen cat eh
[14:43] {lasertrev} quotes should start working shortly
[14:44] {lasertrev} not sure aboute t&s yet
[14:45] {dino} what about t & a
[14:45] {nemo} different website
[14:45] {lasertrev} quotes better for anyone?
[14:46] {nemo} trying to get back into laser now
[14:47] {Threei} - NYSE volume 558M shares, about 20% below its three-month average; advancers lead decliners by 9.3:1.
[14:47] {Threei} - NASDAQ volume 1.33B shares, about 12% above its three-month average; advancers lead decliners by 3.5:1.
[14:47] {Threei} - VIX index -2.2% at just above 25.
[14:47] {nemo} Yom Kippur trading
[14:48] {nemo} can't get in to Laser
[15:03] {Threei} anyone got quotes running?
[15:03] {nemo} yes,
[15:03] {Threei} hmmm
[15:04] {nemo} I am much closer to New York
[15:04] {Threei} we west coastyers are always discriminated against
[15:05] {nemo} That's what you get for being at that end of the Iditarod
[15:05] {nemo} factually inaccurate I know...purely for hyperbolic purposes
[15:08] {nemo} Hah! your a victim of coastism
[15:09] {Threei} yes... we coasters hate those coastists
[15:09] {Threei} and demand you do away with coastism
[15:09] {nemo} maybe you can file as a protected class and get funding
[15:11] {magoo} quotes may be fixed here
[15:12] {nemo} well, you're kinda' east coast too
[15:14] {Threei} T&S wake up
[15:14] {nemo} yep charts back
[15:14] {nemo} actually only aig for me so far
[15:14] {nemo} cat back
[15:14] {nemo} so nas charts not back
[15:15] {Threei} charts have no backfill for the missed time, so careful;
[15:15] {nemo} you can see them on that website
[15:16] {Threei} uhhu... as if I am installing major software package like silverlight for that
[15:16] {nemo} rimm back
[15:17] {nemo} it's basically where it left off
[15:18] {lasertrev} some of the charts are still not working, but everything else seems ok
[15:41] {Threei} RIMM is working
[15:45] {magoo} huh?
[15:45] {Threei} quotes
[15:47] {Threei} too close to eod
[15:47] {Threei} bt feelsa like short
[15:48] {fernp} good evening all. see you tomorrow
[15:48] {Threei} take care fern
[15:49] {Threei} okay guys, let's call it a day... 3 for 3, why not
[15:50] {Threei} have a good evening, see you tomorrow
[15:50] {magoo} ty