Thursday, September 17, 2009

Sep 17 2009

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

Another quiet but profitable day. A few usual suspects, plus some new names: STEC, SLM...

Session Time: Thu Sep 17 00:00:00 2009

[08:15] {Threei} HYTM Enters into Agreement with Ford Motor Company for Catasys Integrated Substance Dependence Solution (0.70, 0.00, 0.00%) (related F )
[08:16] {nemo} what...breathalyzer ignition systems?
[08:18] {Threei} wow
[08:18] {nemo} wow what?
[08:18] {Threei} sigh
[08:18] {Threei} care to look at HYTM?
[08:18] {nemo} WOW!
[08:20] {Threei} took 1.10 on pullback
[08:21] {nemo} stop?
[08:21] {Threei} under 1
[08:21] {nemo} IQ!
[08:28] {magoo} hytm WOW
[08:29] {nemo} sigh
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 545K V 557KE; CONTINUING CLAIMS: 6.23M V 6.100ME
[08:30] {Threei} - Prior jobless claims revised from 550K to 557K
[08:30] {Threei} - Prior Continuing Claims revised from 6.088M ...more... (related SHY SPY EUR/USD USD/JPY USO IYM RTH )
[08:30] {Threei} US) AUG HOUSING STARTS: 598K V 598KE; BUILDING PERMITS: 579K V 583KE
[08:42] {fernp} good morning everybody
[08:42] {Threei} fern :)
[08:42] {nemo} haroo
[09:03] {dino} gm all
[09:04] {nemo} dino
[09:04] {Threei} dino :)
[09:06] {lasertrev} gm
[09:06] {nemo} hello
[09:06] {Threei} trev :)
[09:06] {lasertrev} hi vad
[09:07] {dino} :)
[09:09] {cosmo} solars rising
[09:11] {ese} morning
[09:11] {Threei} cos, ese :)
[09:11] {cosmo} 3i:)
[09:11] {Threei} ese... ATVI performed admirably yesterday after youi left
[09:11] {ese} vad cos nemolaser
[09:11] {nemo} dude
[09:11] {Threei} broke .70, never lost .67 and slowly but surely went to .78... nice big shares player
[09:12] {ese} ouuuu let me take a look
[09:13] {Threei} also... look at daily
[09:13] {Threei} 12 break can be quite powerful launch pad
[09:13] {Threei} I am somewhat puzzled by sector though...
[09:14] {ese} yes i noticed it's daily yesterday
[09:14] {Threei} I mean... is it something that is rightly so strong in recession?
[09:14] {Threei} or who cares? :)
[09:14] {ese} not to mention it looks like a double bottom of some kind
[09:14] {Threei} ERTS for instance is much weaker
[09:15] {ese} hmmmmmmm interesting thought
[09:15] {Threei} and is exactly where I'd expect this sector to be at this point
[09:15] {ese} yes....watched that for a little bit as well
[09:15] {larisa} gm :)
[09:16] {Threei} larisa :)
[09:16] {ese} larisa
[09:16] {Threei} although on another hand... TTWO
[09:16] {larisa} vad, ese :)
[09:16] {Threei} shrug.. too much thinking
[09:17] {Threei} SPDE Zargis (majority owned by SPDE) receives FDA Clearance for Signal X6 Telemedicine Device; approval allows delivery to US Army
[09:17] {Threei} - received U.S. FDA clearance to market its new Signal X6 device. Zargis also announced the deliver... (3.25, 0.00, 0.00%) more... (related SI )
[09:17] {Threei} Zargis also announced the delivery of seven Signal X6 devices to the U.S. Army for deployment in six Department of Defense medical facilities.
[09:17] {Threei} - he recordings can be evaluated locally or, for locations where a cardiac specialist is not immediately available for consultation, transmitted through the Internet for remote evaluation. Signal X6 and our recently launched Zargis Cardioscan device were both designed for user-friendly digital heart sound analysis
[09:19] {magoo} what u stalking vad?
[09:19] {Threei} not much on radar so far
[09:20] {dino} tso, agp downgrades
[09:20] {Threei} HYTM, just in case
[09:21] {magoo} cross over 1 long ?
[09:23] {Threei} not sure
[09:23] {Threei} let's let it trade and see if it's a real player of low-priced piece of junk
[09:24] {Threei} SEED Reaches Agreement for Novel Glyphosate-Tolerance Gene (4.79, 0.00, 0.00%)
[09:24] {Threei} first "of" = or
[09:25] {dino} vphm
[09:27] {Threei} very uncertain opening
[09:27] {dino} sivb
[09:28] {cosmo} sqnm
[09:29] {Threei} 9:02:59 AM
[09:29] {Threei} Sequenom, Inc Launches SensiGene cystic fibrosis carrier screening test
[09:29] {Threei} - The test is available exclusively through the Sequenom Center for Molecular Medicine, a next-generation CLIA (Clinical Laboratory Improvement Amendments, 1988) molecular diagnostic laboratory and a wholly-owned subsidiary of Sequenom, Inc.
[09:29] {Threei} - States: "Test screens for 103 mutations and five variants, including the 23 mutations recommended by the American College of Medical Genetics (ACMG). This test has been shown to identify each of the 103 mutations and five variants through genomic DNA and DNA contro testing."
[09:32] {magoo} HIG again
[09:32] {dptl} good morning all
[09:32] {Threei} dp :)
[09:33] {Threei} SPDE jumped
[09:34] {Threei} HIG
[09:34] {Threei} bounce candidate
[09:35] {Threei} 28 break
[09:35] {Threei} stop under .90
[09:36] {magoo} LKVS MGM bouncer
[09:37] {Threei} anyone got HIG?
[09:37] {nemo} too fast
[09:37] {fernp} not here
[09:37] {nemo} already gone by your post
[09:37] {magoo} i did
[09:38] {Threei} feel free to exit
[09:39] {Threei} AXL Guides Q3 sales around $400M v $415Me; discloses entered revolving credit amendment and restatement agreement - filing (8.73, +0.60, 7.38%)
[09:39] {nemo} rimm
[09:39] {nemo} sorry
[09:45] {dino} no let me look es
[09:45] {dino} ohhhh
[09:46] {dino} pain drug ph ii
[09:46] {ese} yes
[09:47] {dino} pII seems bit early to hold such a jump, impo
[09:47] {dino} imo
[09:48] {ese} i think your right
[09:48] {Threei} Long Setup: UAUA .65
[09:48] {fernp} BRCM holding
[09:48] {Threei} if stays above .50
[09:48] {ese} i'd like to put a buy stop in at the days high and see what happens
[09:49] {Threei} Long Setup: LVS .60 break
[09:50] {dino} you short? where?
[09:50] {Threei} if stays above .50
[09:50] {ese} xnpt bstop .35 sm
[09:51] {ese} just wait on it and see what happens
[09:51] {magoo} in lvs
[09:52] {nemo} in
[09:52] {Threei} LVS 1:1, half out
[09:52] {fernp} out BRCM +.15 and out LVS +.10 TY Vad
[09:52] {Threei} :)
[09:53] {ese} nice one vad......imissed that call....."RATS"
[09:55] {Threei} UAUA intrigues me
[09:56] {Threei} LVS balance stop under b/e
[09:58] {ese} yes considering there seats sold is down
[10:00] {Threei} RJET...
[10:00] {Threei} SEPT PHILADELPHIA FED INDEX: 14.1 V 8.0E
[10:01] {fernp} YHOO
[10:01] {fernp} any news Vad?
[10:02] {Threei} YHOO Price Target raised to $23 from $20 at Barclays, maintains Overweight rating (16.99, 0.00, 0.00%)
[10:02] {fernp} thanks
[10:02] {Threei} Yesterday 16:11 YHOO Yahoo and MSFT have filed the paperwork with EU regulators for clearance being sought for their search deal - CNET
[10:02] {Threei}
[10:03] {ese} l fitb .36
[10:03] {Threei} Long Setup: AUY .47
[10:03] {Threei} if stays above .35
[10:05] {dino} stec
[10:06] {ese} cancelled bstop on xnpt
[10:07] {Threei} come on AUY
[10:07] {ese} dino you were was too early for xnpt to hold that jump
[10:07] {dino} good spot es, i wanted one more biunce
[10:08] {Threei} you have .46 and then .50 to break
[10:08] {Threei} and off to races
[10:08] {dino} stec?
[10:08] {fernp} in
[10:08] {Threei} okay... one is down
[10:08] {Threei} one to go
[10:09] {Threei} chart wise, this one is clear to 12 once takes 11.50,
[10:09] {Threei} and after 12 sky's limit
[10:09] {Threei} concern is, it's a gold-related name
[10:09] {nemo} you goldbug, you
[10:09] {Threei} and gold is nt really the market I have slightest trust to
[10:10] {Threei} not in the least
[10:11] {fernp} out FITB ty ese grabbeb +.10
[10:11] {dino} whl s break .50 hl
[10:12] {ese} out fitb avg .44 +.08
[10:12] {ese} yes it was 20 of the little bugars
[10:12] {nemo} pavlov
[10:13] {ese} 20k
[10:14] {ese} this is a great job.....thats pretty much my day there
[10:14] {Threei} watching LVS for short
[10:14] {Threei} want to see a bounce closer to .60
[10:14] {nemo} I was thinking .50 but was watching auy
[10:14] {Threei} to short it with stop above .70
[10:14] {ese} ahhh fern....nice one
[10:15] {Threei} .50 break is actual setup yes
[10:15] {Threei} I am just trying to find better entry
[10:15] {Threei} with .50 short stop would have to be above .60
[10:18] {dino} cov wrl .20, +.30
[10:18] {ese} fern......good that you sold there just before moi......those 20k drove the price down
[10:19] {fernp} lol, true
[10:20] {ese} high 5 for the both of us
[10:20] {Threei} no bounce LVS
[10:20] {Threei} .50 was it
06[10:21] * Threei kicks AUY in the rear
[10:21] {Threei} Prez on TV
[10:22] {fernp} GLD is the gold etf, no?
[10:22] {ese} atvi vad.......nice slow steady climb....missed it
[10:22] {nemo} un........belivable
[10:22] {nemo} yes fern
[10:22] {ese} what being said nemo?
[10:22] {fernp} thanks nemo
[10:22] {nemo} what's the pres talking about?
[10:22] {ese} yes
[10:22] {Threei} scrapping missile shiled
[10:23] {ese} whats unbelivable
[10:23] {nemo} oh yeah eastern europe must be thrilled with him
[10:23] {ese} ahhhhhhhh
[10:23] {Threei} LVS jump
[10:23] {nemo} yeah
[10:23] {Threei} right into resistance
[10:23] {Threei} short with stop above .60 for scalpers
[10:23] {Threei} above .70 for day traders
[10:24] {Threei} 1;1
[10:24] {Threei} SEC's Shapiro: Will act upon money market funds within the upcoming months
[10:24] {Threei} - discussing corporate governance, says SEC shareholder proposals would strengthen oversight
[10:25] {ese} well it seems to me nemo that europe has wanted less US interference over that not correct
[10:25] {Threei} (US) Pres Obama: Confrims that plans for ground based missile defense system in Eastern Europe have been changed
[10:25] {Threei} - Remain committed to strong policy of missile defense
[10:25] {Threei} - Iran, not Russia is focus of missile defense
[10:25] {ese} just getting back from Denmark i know thats the case there
[10:26] {ese} exactly
[10:34] {ese} ener on my radar
[10:35] {Threei} (US) Treasury Sec Geithner: Current home price stabilization are very encouraging
[10:35] {Threei} - No decision has been made to extend the first time home buyer tax credit; but will evaluate the idea carefully
[10:35] {ese} deeeeeennnndeeeeeeerroooooon dndn....makin acomback this one
[10:38] {ese} somebody liked what the president picking up steam
[10:38] {dino} stec sm l .85 wide
[10:38] {Threei} actually it's just opposite ese
[10:38] {Threei} market dropped when he said we end it,
[10:38] {Threei} and picked up qwhen Gates said we just deploy different technology
[10:39] {Threei} Short Setup: SPDE 8 break small shares
[10:40] {ese} l ener .06
[10:40] {Threei} stop above .20 - .25
[10:40] {Threei} Reportedly US Federal Trade Commission head is working on draft rule that could prohibit upfront fees for mortgage modifications
[10:40] {dino} out stec .55, +.70
[10:40] {ese} ahhhhhhh
[10:41] {ese} good guy bad guy thing
[10:44] {Threei} VIVO
[10:44] {Threei} VIVO Granted Special 510(k) Clearance to Add 2009 H1N1 Influenza A Virus Analytical Sensitivity Claim to the TRU FLU Test Package Insert (25.96, +0.52, 2.04%)
[10:45] {nemo} amed taking a beating this morning Dino
[10:45] {Threei} no worky SPDE
[10:46] {dino} yes watching it
[10:46] {dino} stec drops again
[10:46] {Threei} we seem to be back into pattern of morning trades being the only worthy game
[10:46] {Threei} then market goes into deep freeze
[10:47] {dino} hitk l .30
[10:48] {magoo} out dndn .87 TY ESE
[10:51] {magoo} wow, laid that .87 out and look
[10:51] {dino} tdg
[10:51] {ese} nice one mags
[10:52] {ese} good out as we say in golf
[10:53] {dino} evr at it again
[10:55] {Threei} ATVI slowly nears that 12
[10:59] {Threei} ese
[10:59] {Threei} have a look at HBAN
[10:59] {dino} hawk getting wide
[10:59] {Threei} could be your type of play
[11:00] {Threei} US Treasury to sell $43B 2-year notes, $40B 5-year notes, $29B 7-year notes
[11:03] {ese} out ener .08 +.04
[11:03] {ese} not sure of market direction
[11:04] {ese} sorry vad.....missed your message was concentrating on ener
[11:05] {ese} hban at .74 looks real good to moving slightly lower though
[11:06] {Threei} US House Speaker Pelosi: Senate Healthcare bill has no affordability for middle class (related IYH )
[11:06] {nemo} as if any of them do
[11:10] {nemo} no worky auy
[11:11] {nemo} ?
[11:11] {Threei} you need my confirmation that it did print under .35?
[11:11] {nemo} no....
[11:12] {magoo} any read RIMM vad?
[11:12] {Threei} nope
[11:13] {nemo} ohhhhh Dinoooooo.....amed
[11:16] {Threei} they used to move in unison with AAPL mags
[11:16] {Threei} not the case
[11:18] {magoo} yera..late;y rimm under performs compared to aapl
[11:19] {magoo} any rread AMZN vad?
[11:19] {Threei} 90 break is temtping
[11:19] {magoo} 1 more on DNDN?
[11:19] {Threei} with stop under .80
[11:20] {Threei} no
[11:20] {Threei} .50 break is a valid setuip but the stop is way too wide
[11:21] {ese} Lener .94
[11:23] {magoo} LVS dumps
[11:23] {magoo} in amzn
[11:25] {magoo} u readin AIG here vad?
[11:26] {Threei} not really
[11:26] {Threei} hectic trading, no patterns
[11:28] {Threei} AMZN 1:1 almost
[11:28] {Threei} don't let it turn into loss
[11:28] {Threei} out
[11:28] {magoo} out here .34 TY
[11:28] {dino} hitk to .47
[11:28] {Threei} .34
[11:29] {Threei} lol mags
[11:29] {magoo} good one :)
[11:29] {magoo} my lev 1 was slow..mnever saw it print just heard it exit
[11:30] {magoo} i took AIG cross 40
[11:30] {Threei} don't you love this headline:
[11:30] {magoo} when asked u
[11:30] {Threei} DFS CFO: Have not decided whether or not to repay TARP funds - conf call
[11:30] {dino} cramer getting giddy, buy, buy, buy
[11:30] {Threei} well... I guess top is very close
[11:31] {nemo} quite the climb for cat
[11:31] {ese} ya......hes worse than the media
[11:31] {dino} to .50 hitk
[11:31] {Threei} hard to believe someone so consistently wrong and regularly outed in public can still be so revered
[11:32] {ese} it's one of lifes big anomalies
[11:32] {Threei} White House Press Sec: Adjustment to missile plans involves no 'quid pro quo' with Russia
[11:32] {Threei} lemme translate:
[11:32] {dino} major slip hitk ave .44, +.14
[11:33] {nemo} Obama said "Daddy" to Putin?
[11:33] {Threei} we tried to buy Russian support by scrapping it but they told us to go sc*** ourselves, so we scarpped it with no benefit from Russia
[11:34] {ese} daddy ?
[11:34] {dino} grow a set obama, sheesh
[11:34] {nemo} nice on amzn, boys
[11:34] {Threei} that's new paradihm dino... speak softly and throw your big stick away
[11:35] {dino} unfortunately
[11:35] {dino} hl s tdg .51
[11:36] {Threei} correction: speak soflty and a lot
[11:39] {dino} and don't hurt their feelings
[11:40] {Threei} DNDN new 52 week high
[11:43] {dino} .66 bstop on tdg
[11:43] {ese} l hban .74
[11:44] {dino} stopped
[11:48] {magoo} vbad AMZN read here?
[11:48] {larisa} call him vgood, then he will help :)
[11:48] {Threei} no read
[11:48] {Threei} and guess who is on TV
[11:52] {nemo} amzn short vad?
[11:52] {Threei} [11:48] {Threei} no read
[11:52] {Threei} and larisa... I finally stopped laughing
[11:53] {larisa} :)
[11:53] {nemo} oh yeah, quick larisa
[11:59] {Threei} BCRX
[11:59] {Threei} Update: Rodman & Renshaw reiterates Market Perform rating on valuation
[11:59] {Threei} - Firm believes the initiatives undertaken this week to stockpile peramivir ex-US underscore BioCrysts potential global reach in supplying peramivir during the current pandemic, though could also be viewed as a signal that the company is facing a more protracted pathway to a potential EUA in the US than originally anticipated, and is therefore casting a wider net.
[12:00] {Threei} With the approval of H1N1 vaccines by the FDA and sufficient quantities to vaccinate the vast majority of the US population, we believe shares of BioCryst could trade lower and advise investors to wait for a better entry price.
[12:01] {Threei} (US) Fed Q2 Flow of Funds: Household wealth +$2T to $53.1T in total
[12:01] {Threei} (first gain in US household wealth since Q3 2007)
[12:03] {nemo} Hig Vad
[12:03] {Threei} ?
[12:07] {ese} ener stopped .79 -.15
[12:07] {ese} what the f^%$^% is going on there
[12:08] {dino} ?
[12:08] {larisa} ENER always thin trader
[12:10] {dino} drop
[12:10] {ese} i'll say
[12:11] {dino} say it
[12:12] {magoo} mkts barfing
[12:12] {dino} thx chuck fill 1 sh short neu .60
[12:12] {Threei} lol, you guys
[12:12] {patience} happiness for me magoo....i shorted gold this morning
[12:12] {Threei} markey ends green 8 days in a row, after months of relentless climb,
[12:13] {dino} good girl
[12:13] {patience} :)
[12:13] {Threei} right now it's down 6 points
[12:13] {Threei} and it results in "what the f^%$^% is going on there"?? :)
[12:13] {patience} tsx is down 72
[12:14] {nemo} damn's all fixed I tell ya'!
[12:14] {dino} somewhat
[12:15] {nemo} what somewhat?
[12:17] {Threei} see dino... some people must try hard to be irritating... others have it a s a gift, comes to them naturally
[12:17] {Threei} guess what category nemo's in {G}
[12:17] {dino} lol
[12:17] {nemo} nicest thing you've ever said to me
[12:17] {dptl} lol
[12:18] {nemo} where's that list...?
[12:28] {magoo} L
[12:28] {magoo} V
[12:28] {magoo} S
[12:45] {dino} mkt app lod
[12:57] {nemo} o.k. here goes..."We in anything Vad?"
[12:58] {Threei} I personally am in deep thoughts:
[12:58] {Threei} is it the reversal starting
[12:58] {Threei} or is it just another bull flag
[12:58] {nemo} bull flag, or bear flag?
[12:59] {dino} reversal day
[13:00] {nemo} ahhhh...Roshashana starts tomorrow...well Kol Yidre anyway
[13:00] {Threei} bull flah is a pullback in an uptrend
[13:00] {nemo} oh...I'm thinking more short term
[13:01] {larisa} should not we spike up before reversal? :) this reversal is too soft. what, traders decided to be nice to each other? :)
[13:02] {Threei} yesterday could qualify
[13:04] {Threei} gain was more than usual, volume increased too
[13:04] {Threei} then Cramer said buy everything'
[13:04] {Threei} and we do know his timing is impeccable
[13:05] {dino} red
[13:06] {dino} scanners
[13:06] {nemo} great movie
[13:07] {dino} did not see it
[13:07] {nemo} 1979 I think
[13:07] {dino} battle here
[13:08] {nemo} same year as Altered States
[13:10] {dino} cov neu -.11, bad entry
[13:11] {dino} ge l .45
[13:12] {ese} see you all in a bit
[13:12] {Threei} we'll be here
[13:14] {_kzender} spde?
[13:14] {Threei} no idea
[13:15] {Threei} should have died long ago
[13:15] {Threei} and still floating up there
[13:15] {Threei} as far as I am concerned, it should have been at 6 already
[13:17] {dino} they all float down here (pennywise)
[13:20] {Threei} AIG
[13:21] {Threei} looks ready to pop with any market help
[13:21] {nemo} .30 break
[13:23] {Threei} if want pullback entry, this is it
[13:23] {Threei} got .26
[13:23] {Threei} out .37
[13:23] {Threei} .36 sorry
[13:24] {Threei} who am I to turn down 2 seconds profit
[13:25] {Threei} (IT) Italian PM Berlusconi: G20 should focus on curbing speculation (related EUR/USD )
[13:25] {Threei} sigh
[13:25] {Threei} Italy should focus on curbing Berlusconi, IMO
[13:25] {dino} indeed
[13:25] {Threei} US House Agriculture Commitee Chair: Regulatory reform pace on OTC derivates is 'not acceptable'
[13:27] {Threei} California AG issues subpoenas to Moody's, Fitch and S (related MCO FIM.FR MHP )
[13:29] {Threei} .08 in
[13:29] {Threei} stop is self-explanatory
[13:32] {Threei} doesn't look right
[13:33] {Threei} out .21
[13:33] {Threei} thought of holding for bigger bounce initially but feels way too dangerous
[13:33] {Threei} loss of 39 can send it down screaming
[13:34] {Threei} HYTM Raises Approximately $7 Million in Registered Direct Offering (0.80, +0.10, 14.58%)
[13:34] {Threei} lol... perfect
[13:34] {Threei} register offering, publish morning news
[13:35] {nemo} It's manipulated I tell ya'
[13:35] {Threei} entered into definitive agreements to sell 9,333,334 shares of its common stock at a price per share of $.75 to institutional investors pursuant to a registered direct offering, representing gross proceeds of approximately $7M
[13:35] {Threei} - Investors will also receive warrants to purchase 2,333,334 shares of the Companys common stock. The warrants have an exercise price of $.85 per share and are exercisable at any time after the closing of the transaction and before the 3rd anniversary of such initial issuance da
[13:35] {Threei} anyone took AIG?
[13:35] {Threei} rare case when I can alert it in time... and you waste it
[13:35] {magoo} im in
[13:35] {magoo} waiting 43
[13:35] {fernp} me
[13:35] {Threei} whew
[13:35] {Threei} 43?
[13:35] {nemo} No...I confused it with the immediately preceding statement from the California AG, and was looking at those stocks
[13:36] {magoo} .43
[13:36] {Threei} nemo...your logic flow is... different I should say
[13:38] {Threei} I don't now mags... it certainly can go there
[13:38] {Threei} but things are very shaky today
[13:38] {Threei} just keep stop under 39 as if your sight and hearing depend on it
[13:38] {nemo} or go short when it does...
[13:39] {Threei} smell I don't mention since MTXX rid us of that
[13:39] {nemo} slick vad
[13:39] {dino} stec sm l .75 wide
[13:41] {dino} ge stopped .49, bad entry, +.04
[13:42] {nemo} you out mags?
[13:42] {Threei} SPDE... look at all the buying
[13:43] {magoo} out .40
[13:43] {magoo} TY vad
[13:43] {Threei} I swear this thing wants to revisit 9
[13:44] {Threei} welcome kind sir
[13:44] {nemo} got a fever vad?
[13:44] {Threei} well... can you blame me?
[13:45] {Threei} how often do I get a chance to alert in time on such monstrousity as AIG
[13:45] {Threei} and with stop 10 cents
[13:45] {nemo} 2 or 3 times a day
[13:46] {magoo} hougghts vad?
[13:52] {dino} lphi l .52
[13:56] {Threei} on what magoo?
[13:56] {Threei} see SPDE?
[13:56] {magoo} never mind
[13:56] {magoo} typed a long sentence and thats all camre up
[13:56] {magoo} my bad
[13:59] {nemo} stec capitulationg?
[14:01] {Threei} not even close
[14:01] {Threei} if it loses 32, I think you'll get one
[14:02] {dino} double bottom in making perhaps
[14:02] {dino} funny all i see is downgrade to 39
[14:03] {nemo} wow...stec volume 655% of normal
[14:04] {Threei} defended at Deutsche Bank
[14:04] {Threei} shrug
[14:04] {Threei} Congressional Budget Office: Climate bill could cut GDP 0.25-0.75% to 2010
[14:05] {Threei} sowhat's the problem... we have a lot of GDP
[14:05] {Threei} let's cut some
[14:05] {nemo} The Messiah said it would double electric bills
[14:05] {dino} wondering how the poor feel about that
[14:06] {nemo} let them eat cake
[14:06] {Threei} they are promised to be compensated by higher taxes on rich
[14:06] {nemo} yeah, and the feds said up to a month ago, that they'd spend 2trillion less than they will now
[14:07] {nemo} we're under 32, next target .83
[14:07] {dino} that is why hookers are better than politicians
[14:07] {dino} med drop
[14:09] {Threei} .25 long half lot
[14:09] {Threei} STEC'
[14:09] {dino} sm l med .00
[14:10] {Threei} feels like done dropping
[14:10] {Threei} unless something bad happens with market again, candidate for move to 33
[14:10] {fernp} stop under 32, no?
[14:10] {Threei} yeah, that's why half lot
[14:13] {Threei} 1:1
[14:13] {fernp} ty Vad
[14:13] {Threei} welcome
[14:14] {Threei} good boy STEC
[14:15] {dino} lphi to .59 stuck in mud
[14:19] {dino} med to .39
[14:20] {Threei} US House passes Obama plan to end private lenders making student loans; votes 253-171
[14:20] {Threei} and SLM is not zero?
[14:21] {nemo} public/private
[14:21] {Threei} what do I miss?
[14:21] {nemo} quasi
[14:23] {Threei} SLM gets boost from that
[14:24] {nemo} you of all people looking for logic in the market...
[14:24] {Threei} am not
[14:24] {nemo} are too
[14:24] {Threei} looking for what I don't understand about their business model
[14:24] {nemo} back-door payola ;)
[14:25] {Threei} lol
[14:25] {dino} out med .39, +.39
[14:25] {Threei} brown envelop under the table?
[14:25] {nemo} Barney Frank's office you know...
[14:26] {dino} yuk
[14:27] {nemo} C&H cat???
[14:28] {Threei} more or less... but why so emotioanl?
[14:28] {nemo} nope
[14:28] {nemo} level of confusion
[14:29] {nemo} that was weird...the candle from 5 minutes ago just moved...
[14:30] {nemo} must have eaten the wrong mushrooms
[14:30] {Threei} I always thought drinking and trading is a funny mix
[14:30] {nemo} told you...not drinking anymore...ruins my sleep
[14:30] {dino} maybe thats why i don't sleep well
[14:31] {nemo} age contributes also
[14:31] {magoo} vad, DNDN readf here? 30 comith?
[14:31] {nemo} interesting to see wht stec does here
[14:32] {Threei} momo mags... no technical read
[14:33] {dino} that analyst has some following on stec, sheesh
[14:38] {nemo} pullback dndn
[14:41] {dino} out lphi .60, +.08
[14:42] {nemo} 3080 next resistance for stec
[14:42] {dino} stec capit
[14:42] {nemo} support
[14:42] {nemo} sorry
[14:43] {dino} np
[14:44] {Threei} scalp alert
[14:44] {dino} how about a bottom call on it
[14:44] {Threei} SLM, .05
[14:44] {Threei} if stays above 9
[14:44] {nemo} 30.83
[14:46] {dino} reminds me of amed last week
[14:47] {nemo} yeah, should be good next couple of days
[14:49] {dino} hmmm thought 29.90, not happening, kill bid
[14:50] {nemo} look on hourly chart
[14:51] {dino} lphi again .65
[14:51] {nemo} see ya 2morow
[14:52] {Threei} who?
[14:52] {nemo} Harvey
[14:52] {nemo} sheesh
[14:52] {dino} cya nemo
[14:52] {Threei} oh come on dino
[14:53] {Threei} I just wanted him to taset his own medicine {G}
[14:53] {magoo} DNDNM
[14:53] {nemo} how is that like me?
[14:53] {Threei} what?
[14:54] {nemo} ya know, could you delete the logs every weekend...If my parole officer finds them, he might have me committed
[14:54] {Threei} yeah right
[14:54] {dino} tough crowd
[14:55] {nemo} the market is treats the sheep like sacrificial strawdogs
[14:55] {nemo} the trader is unkind...he eats his own!
[14:58] {magoo} and bodily functions are unkind...a pee just cost me :)
[15:00] {Threei} the things we learn...
[15:00] {dino} you should've heard him yell
[15:00] {Threei} no thanks
[15:00] {Threei} mental image is more than enough for me
[15:02] {dino} stec thoughts?
[15:03] {Threei} I seriously dislike it
[15:03] {dino} run dmc stock, "it's tricky"
[15:04] {Threei} it needs to sit olut a few days
[15:10] {magoo} nemo needs to sit out a few too
[15:13] {fernp} have a nice evening everybody. see u tomorrow
[15:13] {Threei} take care fern
[15:19] {Threei} SLM hot 1:1
[15:19] {Threei} hit
[15:19] {jmb} Thanks Vad SLM
[15:20] {Threei} :)
[15:21] {magoo} vad, i need a good trade here, lil risky..big reward type..ok?
[15:21] {magoo} like 4 : 1
[15:24] {Threei} DNDN
[15:24] {Threei} risky and nice potential
[15:24] {magoo} in it
[15:24] {Threei} from where?
[15:24] {magoo} well
[15:25] {magoo} i had it awhile
[15:25] {Threei} ok... why do you need another one??
[15:25] {magoo} case no worky
[15:25] {magoo} in aapl too
[15:25] {magoo} aapl from .20
[15:26] {dino} stec bounce
[15:43] {dino} out lphi .71, +.06
[15:58] {dino} thx all, gotta hop
[15:58] {Threei} thank you all
[15:58] {Threei} hace a good evening, see you tomorrow
[15:59] {lasertrev} see ya
[15:59] {larisa} bye all
[16:03] {dptl} have a good evening all
[16:03] {Threei} ARNA
[16:03] {Threei} Arena Pharmaceuticals Inc To Host Conference Call and Webcast on Friday, September 18, 2009, to Discuss Results from the BLOSSOM Phase 3 Trial of Lorcaserin for Weight Management
[16:03] {Threei} - The company today announced it will hold a conference call and webcast presentation on Friday, September 18, 2009, at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time) to discuss top-line results from BLOSSOM (Behavioral modification and LOrcaserin Second Study for Obesity Management), the second of two pivotal trials evaluating the safety and efficacy of lorcaserin for weight management.