Monday, September 21, 2009

Sep 21 2009

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

Not bad start for the week. Scalps outweghed stops, and couple bigger plays on momentum movers made it a firmly winning day. BCRX gave very nice bounce play, CYTK and AIG provided momentum, and usual suspects (LVS, HIG etc) provided scalps and stops.

Session Time: Mon Sep 21 00:00:00 2009

[07:56] {magoo} morning
[07:57] {Threei} 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza
[07:57] {Threei}
[07:57] {Threei} went over 11 earlier
[07:57] {Threei} pulled back
[07:57] {Threei} and good morning
[07:58] {magoo} over 11 ? quite pullbk
[07:58] {Threei} yeah, topped around 11.40
[07:59] {magoo} holy cow, i guess should try it here
[07:59] {Threei} strange, opullback all the way into Fri close
[07:59] {magoo} yes, nice see u early:)
[07:59] {magoo} volume ?
[08:00] {magoo} in 9.99
[08:02] {magoo} ah, bids coming in
[08:02] {Threei} CUR Receives FDA Approval to Commence First ALS Stem Cell Trial (1.87, 0.00, 0.00%)
[08:05] {magoo} u interested in CUR?
[08:06] {Threei} approval to start trial... shrug
[08:06] {magoo} u intersted in BCRX?
[08:06] {Threei} what kind of question is that
[08:07] {Threei} BCRX is a proven mover
[08:07] {magoo} oy...soooorrrryyyy
[08:07] {magoo} number 1 in volume on naz currently BCRX'
[08:12] {magoo} upgrade for GE this morn..could move .50-.75 cents
[08:12] {magoo} big share play
[08:13] {Threei} dunno... target raised from 17 to 18
[08:13] {Threei} and no reaction anyway
[08:13] {magoo} i played it thurs, it was fairly safe
[08:13] {Threei} it may move if market does, but if market fizzles out that upgrade won't help it
[08:15] {magoo} thats why i ask for yuor opinion...ty
[08:15] {magoo} i feel like loading the boat on BCRX here
[08:15] {magoo} try catch a point or 2
[08:17] {Threei} the depth of this pullback and stubbeorness of the seller bothers me
[08:17] {Threei} someone wants out badly
[08:17] {Threei} and uses this news to get out
[08:17] {Threei} have a look at VVUS too btw
[08:18] {Threei} getting nice buying and good size bids
[08:19] {magoo} news?
[08:19] {Threei} no
[08:24] {Threei} ONXX
[08:24] {Threei} Onyx Pharmaceuticals Inc Pre-market strength being attributed to positive comments from CNBC Medical Analyst Mike Huckman
[08:24] {Threei} - Mike Huckman via Twitter comments on positive statements made by analysts at CanacordAdams regarding breast cancer study results that were released
[08:24] {nemo} CNBC analyst ?!!!!
[08:30] {Threei} GLW Corning Inc And Geron Corp Showcase New Synthetic Surface Matrices To Enhance Stem Cell Growth (15.27, 0.00, 0.00%)
[08:31] {Threei} let's see what happens with this .40 offer
[08:32] {nemo} you talkin bcrx?
[08:32] {Threei} CPST Receives Order for Two C800 Microturbines for CHP in Colombian Office Building (1.40, 0.00, 0.00%)
[08:32] {Threei} yes
[08:45] {Threei} that's very strange behavior on BCRX part
[08:46] {Threei} you partialed any mags?
[08:46] {magoo} yea..nothings easy
[08:47] {Threei} someone wants out badly
[08:50] {ese} morning
[08:51] {Threei} ese :)
[08:51] {nemo} ese
[08:51] {ese} morning gents
[08:51] {ese} whats new and exciting
[08:52] {Threei} ummm
[08:52] {Threei} speaking of stocks, we wonder what's wrong with BCRX going negatiove on 77M contract
[08:52] {Threei} speaking of broader world, some new photos at
[08:54] {Threei} GERN nice daily and little news
[08:55] {fernp} good morning everybody
[08:55] {Threei} but the way bios act, I'll stay away for now
[08:55] {Threei} fern :)
[08:56] {nemo} maybe people realized they were buying on a cnbc analyst comment
[08:56] {Threei} ?
[08:56] {Threei} buying what?
[08:56] {nemo} bcrx
[08:56] {nemo} nevermind onyxx
[08:57] {Threei} [07:57] {Alert} Threei 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza
[08:57] {Threei} wake up
[08:57] {dino} gm all
[08:57] {Threei} dino :)
[08:59] {nemo} $ up pretty strong this morning
06[09:01] * nemo slaps lasertrev around a bit with a large "good morning"
[09:01] {lasertrev} good morning all
[09:01] {magoo} morn :)
[09:01] {Threei} trev :)
[09:01] {lasertrev} ouch, slap right away
[09:01] {nemo} if you call a "good morning" a slap...
[09:02] {Threei} that's pretty much what goes for real greeting with some... gnawing at someone's throat is their equivalent to a smile... etc
[09:03] {Threei} CHIP Granted Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus (1.15, 0.00, 0.00%)
[09:03] {lasertrev} lol
[09:03] {nemo} huh?
[09:03] {nemo} I think you erroneously ascribe nefarious intent
[09:04] {nemo} hi lari...
[09:04] {larisa} gm :)
[09:04] {Threei} as long as nemo and nefarious are in one sentence, there is no room for "erroneous" in the same sentence anymore...
[09:04] {magoo} i think trev gonna realize soon that this room just ain"t quite right
[09:04] {Threei} larisa :)
[09:05] {nemo} touche
[09:05] {nemo} that's sticking your chin out
[09:05] {lasertrev} its not the room
[09:05] {nemo} ooohhhhh lasertrev...nice one
[09:13] {Threei} CHIP more or less reacts
[09:18] {cosmo} nktr
[09:19] {Threei} 6:01:57 AM
[09:19] {Threei} Nektar Therapeutics Signs co-development agreement with AstraZeneca for NKTR-118 and NKTR-119 for treating opioid-induced constipation
[09:19] {cosmo} gee....finally
[09:20] {Threei} rofl
[09:20] {nemo} it's really tough on people 1) who are in chronic pain, and 2) people in end-stage cancer treatment where pain is extreme
[09:26] {Threei} ABAT Announces New Order Contracts for Wuxi ZhongQiang (4.22, 0.00, 0.00%)
[09:26] {ese} sounds like there is alot of competition already for that type of says that there are lots of products doing the same thing
[09:26] {ese} my wife
[09:27] {Threei} - Wholly-owned subsidiary, Wuxi ZhongQiang has signed two contracts to provide electric vehicles to international customers in Indonesia and Denmark. One order is for 12,000 electric bikes with an aggregate value of $2.3 million. The second order is for 2,000 electric scooters with an aggregate value of $1.1 million.
[09:27] {Threei} - Delivery on both orders is expected to occur within one month.
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:29] {Threei} dollar strength weighs on stocks
[09:31] {Threei} I swear BCRX is a short on this news, lol
[09:32] {Threei} watching NTAP for pullback
[09:34] {Threei} Long Setup: NTAP .75 break
[09:34] {Threei} if stays above .65
[09:36] {Threei} CHIP... sheesh
[09:37] {ese} bstop arna .00
[09:38] {ese} l arna .04
[09:40] {ese} out arna .22 +.18
[09:40] {magoo} AIG nuts
[09:40] {Threei} Preview: August Leading Indicators due out at 10amET
[09:40] {Threei} **consensus expectation: 0.7%e v 0.6% prior (range of analyst estimates from 0.0% to 1.0%)
[09:40] {ese} your basic $1000 right off the bat
[09:41] {ese} that stock is crazy
[09:41] {dino} spxu
[09:41] {dino} no
[09:44] {ese} vad could you give an opinon on a pullback for arna
[09:45] {Threei} no read here... tough one
[09:45] {ese} tks
[09:45] {nemo} lvs mgm vertical
[09:45] {ese} was thinkin .10 area
[09:46] {Threei} HIG
[09:46] {Threei} pullback under .80 for long entry
[09:46] {Threei} NTAP no worky
[09:50] {Threei} HIG touched under .80 so briefly, no chance for confident entry
[09:50] {Threei} and now starts looking rather like breakout
[09:51] {Threei} for crazy ones, look to take AIG closer to 41
[09:54] {Threei} LVS
[09:54] {Threei} .85 long if holding .75
[09:56] {Threei} HIG finally worthy pullback
[09:57] {Threei} .70 long if holding .60
[09:58] {fernp} ty
[09:58] {Threei} HIG 1;1
[09:59] {Threei} LVS 1:1
[10:00] {Threei} AUG LEADING INDICATORS: 0.6% V 0.7%E
[10:00] {Threei} Short Setup: CAT 52 breakdown half lot
[10:01] {Threei} if stays under .20
[10:01] {Threei} invalidated
[10:01] {ese} l arna .13 risky
[10:01] {ese} market going against me
[10:02] {Threei} AIG lost whatever left of its mind
[10:03] {ese} gonna go long arna again at .20
[10:06] {dino} cedc gap fill
[10:07] {Threei} CHIP just goes
[10:08] {ese} ouuu almost stopped arna .99
[10:16] {nemo} aig pullback
[10:17] {fernp} VM daily interesting. Maybe 5 or 5.10 break
[10:20] {Threei} American International Group, Inc UPDATE: AIG trading up 12%
[10:20] {Threei} - earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration. Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm.
[10:20] {nemo} reducing the government stake at a loss...of course
[10:20] {fernp} HIG .70 break?
[10:21] {Threei} ummm... yes
[10:21] {Threei} lol
[10:21] {nemo} nice call vad
[10:21] {fernp} virtual 1:1 here :)
[10:22] {dino} kbr l .16 stop .96\
[10:22] {magoo} news POT vad?
[10:23] {Threei} couple upgrades
[10:23] {Threei} one downgrade
[10:23] {Threei} nothing significant
[10:23] {nemo} lvs break of .70
[10:23] {nemo} ?
[10:24] {Threei} worth a try
[10:24] {Threei} stop is fairly tight
[10:24] {Threei} and market gains strength
[10:25] {dino} agco l .50, stop lod
[10:25] {Threei} bcrx
[10:26] {Threei} 9.80 short trigger... was hesitant on that
[10:26] {Threei} too bad
[10:28] {Threei} LVS 1:1
[10:28] {nemo} out lvs .80
[10:28] {nemo} ty
[10:29] {nemo} volume not endearing
[10:30] {Threei} Long Setup: JNPR .90 break if holding above .80
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 265M shares, about even to its three-month average; decliners lead advancers by 4.9:1.
[10:32] {Threei} - NASDAQ volume 530M shares, about even to its three-month average; decliners lead advancers by 1.8:1.
[10:32] {Threei} - VIX index +5% to just over 25.00
[10:33] {Threei} KONG?
[10:33] {Threei} no news tat I see
[10:37] {Threei} CVM Hearing today's strength being attributed to margin calls (1.95, +0.34, 21.12%)
[10:37] {Threei} hmm?
[10:37] {Threei} does it have high shirt interest?
[10:37] {Threei} short too
[10:38] {Threei} 2.29 %
[10:38] {Threei} shrug
[10:40] {Threei} Americans Now View Congress As Least Respected Job
[10:40] {Threei} let's see if congressmen agree and quit
[10:41] {Threei} Fed's Bernanke scheduled to speak before the US House of Financial services Oct 1
[10:46] {Threei} I start watching HIG for the upper envelope,
[10:46] {Threei} want short
[10:47] {Threei} so far:
[10:47] {Threei} resistanbce is .70,
[10:47] {Threei} .55 is short trigger,
[10:47] {Threei} if market drops sharply I'd grab it aggressively
[10:48] {Threei} break over .70 invalidates the setup but it will remain on watch
[10:51] {fernp} TY Vad out .99 JNPR
[10:51] {Threei} :)
[10:52] {Threei} one last bounce please HIG
[10:52] {Threei} then break down and die
[10:55] {nemo} I'm in but that hmmper scares me
[10:56] {Threei} who?
[10:56] {nemo} hig
[10:59] {nemo} out
[11:00] {fernp} stopped HIG
[11:02] {Threei} Long Setup: BCRX 9.50
[11:03] {Threei} stop under .40 for scalpers, under .35 for day traders
[11:04] {Threei} NY Fed: Purchased $4.05B in $300B outright coupons purchase; Dealers submitted $15.3B for consideration (bid to cover 3.78)
[11:04] {magoo} in
[11:07] {Threei} 1:1 for scalpers
[11:07] {fernp} out TY
[11:07] {Threei} 1:1 for daytraders
[11:18] {nemo} LVS long, break of .85?
[11:19] {nemo} if holding .75
[11:24] {Threei} chart wise yes
[11:24] {Threei} market support is the problem
[11:25] {Threei} moves so slowly, I can't get a feel for whether we are headed for anoter break or reversal
[11:26] {dino} tighten agco to .70 kbr to .37
[11:27] {Threei} Hearing Credit Suisse making mildly positive comments on education names, expects a "relief rally" (timing uncertain)
[11:27] {Threei} - Notes that a GAO report on for profit schools may not have been as negative as previously expected
[11:27] {Threei} Related (APOL COCO CECO ESI EDMC )
[11:27] {Threei} AGEN Expands QS-21 license agreeme
[11:28] {Threei} - signed an amended and restated license agreement for the use of the QS-21 adjuvant in a vaccine under development by JANSSEN Alzheimer Immunotherapy, a company which has acquired substantially all of the assets and rights of Elan related to its Alzheimers Immunotherapy Program (AIP).
[11:29] {dino} agco out .74 +.24
[11:30] {dino} out kbr .37, +.21
[11:33] {nemo} $ been dropping, market been coming back
[11:38] {Threei} let's close our eyes, buy 10K of CHIP, put it for sale at 12 and go away
[11:38] {magoo} in
[11:38] {magoo} lol
[11:38] {Threei} oops
[11:38] {Threei} :)
[11:39] {Threei} seriously, look at this POS
[11:43] {magoo} seems like 4
[11:43] {dino} orex?
[11:45] {Threei} no news
[11:45] {dino} ty
[11:48] {dino} amn, amsc
[11:52] {dino} orex sm s .75
[11:54] {dino} gopd is coming on tv
[11:54] {dino} god
[11:54] {nemo} who?
[11:55] {dino} obama
[11:55] {nemo} I got it on "god"
[11:55] {dino} :)
[11:56] {Threei} 5 talk shows in one sunday - one can get a taste for that I guess
[12:00] {Threei} sorry dino, I know you already alerted but this is my traditional line and even at risk of being redundant I must say it:
[12:00] {Threei} guess who is on TV
[12:00] {dino} lol
[12:00] {Threei} SNY Receives new order for swine flu from the US GOvt (37.29, +0.53, 1.44%)
[12:01] {Threei} HNSN Strength attributed to a report that the company has been granted FDA approval for its next generation Robotic Cather System (4.33, +1.20, 38.34%)
[12:01] {dino} ouch
[12:01] {Threei} SNY Order for approx 75M doses
[12:03] {Threei} Robotic Cather System, called Sensei
[12:03] {Threei} - this was initally reported in a press release by the company on 9/15
[12:05] {Threei} HNSN pace pick up...
[12:06] {Threei} being designated as another momo candidate I guess... as CHIP becomes old
[12:07] {Threei} wow... EDGX bid is for real
[12:08] {Threei} I guess, .50 break long if holding .40
[12:08] {Threei} target, ummm... 5?
[12:13] {dino} orex bstyop to .52
[12:14] {nemo} maybe B on aig on that volume spike @ 12:08
[12:15] {nemo} double bottom, sorry
[12:20] {Threei} BCRX hit over 1:2 for day traders
[12:20] {Threei} mags... in case you are trying to squeeze something out of it... careful
[12:20] {dino} orex cov .52, +.23
[12:20] {Threei} swine flu contract news seem seriously diluted these days
[12:20] {magoo} im waiting .87, patialed
[12:21] {magoo} partialed, but have alot still
[12:21] {Threei} it was .89 earlier...
[12:21] {magoo} shit fill laser then
[12:21] {Threei} play it safe... half out, stop to b/e
[12:22] {Threei} whatever happens do NOT lose on this play
[12:23] {magoo} ok
[12:29] {magoo} out boss
[12:29] {Threei} good
[12:30] {Threei} you see this trading last days
[12:30] {Threei} it's like pulling teeth
[12:30] {Threei} each winning trade is being dragged out of market moth... kicking and screaming
[12:31] {Threei} we need pullback badly
[12:36] {nemo} aig woke up
[12:37] {Threei} this time it even has a reason
[12:37] {Threei} AIG GAO believes financial conditions at AIG have stabilized - NY Times (43.88, +3.97, 9.95%)
[12:38] {Threei} another ityem a bit earlier but caused no reaction:
[12:38] {Threei} American International Group, Inc Open to "contructive efforts" from former CEO Greenberg
[12:38] {Threei} - Reminder: Earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration.
[12:38] {Threei} - Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm. Towns said AIG should not be rushed to pay back the loans if the US can get a better return on its money.
[12:42] {nemo} news on ceph vad?
[12:43] {Threei} nothing fresh
[12:50] {dino} mtxx
[12:52] {nemo} how many times you been in and out of aig mags?
[12:52] {magoo} 4
[12:53] {magoo} in now trying for .95
[12:55] {magoo} out here
[12:55] {magoo} .56
[12:55] {magoo} 5k from .20
[12:55] {magoo} very risky
[12:55] {magoo} may reload
[12:56] {magoo} when im scared...u better be
[12:56] {nemo} I was tempted at the 43.50 break, but then it got to spread out
[12:57] {magoo} better to catch pullbk on it
[13:00] {magoo} wish vad would start reading AIG...somehow makes me feel more secxure
[13:00] {magoo} secure
[13:00] {nemo} freudian slip there mags
[13:01] {Threei} I give read on it when it forms safe enmough setup
[13:01] {magoo} yup
[13:01] {nemo} so...every blue moon or two
[13:01] {Threei} but no way to read it all the time
[13:01] {magoo} and then ill BE THERE ok:)
[13:01] {nemo} oh oh ELP flashbacks
[13:02] {dino} amsc
[13:02] {Threei} this MTXX spike... no even rumor for it
[13:12] {dino} amsc hl l .95
[13:18] {nemo} lvs break of .35?
[13:18] {patience} hey dino, you think we end up red today?
[13:18] {nemo} Well, that answers my question
[13:19] {Threei} I am not elighted nemo
[13:20] {nemo} just a scalp...there it is
[13:23] {magoo} AIG 45 trigger lomg
[13:23] {magoo} then w/stop of .90
[13:25] {magoo} risk is beyond belief
[13:25] {dino} amn sm l .55 ave, wide
[13:29] {magoo} in
[13:29] {magoo} im looking for 47 area
[13:30] {nemo} 47.00 or 45.47?
[13:33] {magoo} by end of day...i truly believe it prints 47 dollars..but hehg...thats nota trade call....
[13:33] {magoo} i in tho
[13:33] {magoo} 7 th time
[13:34] {magoo} 45.40 should get us near 46...breathes hard
[13:34] {magoo} like it tho
[13:37] {magoo} big wall there at .50
[13:38] {Threei} should take it like there is nothing
[13:38] {Threei} there
[13:45] {nemo} in cat .26
[13:46] {nemo} out .36
[13:56] {magoo} A I GAY
[13:56] {nemo} janitor....
[13:57] {Threei} CYTK Hearing Wedbush makes positive comments (timing uncertain) (3.99, -0.01, -0.25%)
[13:59] {Threei} BAC Reportedly US House Panel has declared BAC did not meet deadline to hand over information on Merrill Lynch deal (17.29, -0.34, -1.93%)
[13:59] {Threei} what are they going to do abut it?
[13:59] {nemo} ask for campaign contributions
[14:00] {nemo} tough crowd...:(
[14:01] {Threei} we just don't see the humor in it... normal reaction
[14:01] {Threei} of course contributions
[14:01] {nemo} I like the Fed telling Treasury to go to hell
[14:02] {Threei} 46 on the nose
[14:03] {magoo} out
[14:03] {magoo} .90
[14:03] {nemo} somebody slap that boy
[14:04] {magoo} in
[14:05] {magoo} stopped'
[14:05] {nemo} support was @ .60
[14:06] {nemo} scalpers regret on cat
[14:09] {Threei} CYTK...
[14:09] {Threei} becomes interesting
[14:09] {Threei} not often big name like Wedbush pays attention to $4 stock
[14:10] {dino} scor
[14:15] {Threei} how about that CYTK
[14:16] {Threei} - Webush says CYTK's skeletal muscle program could be worth $13/share and its heart failure program is worth $5/share.
[14:17] {nemo} is this another "close your eyes and buy 10k shares?" :)
[14:17] {Threei} pretty much
[14:17] {magoo} in
[14:17] {magoo} not
[14:17] {nemo} I was just gonna' ask mags...
[14:18] {nemo} Think Webush is selling into this..
[14:18] {nemo} bcrx coming into lod
[14:19] {magoo} BCRX was such disappointmt
[14:19] {magoo} 11.40 pre mkt io believe
[14:20] {Threei} if CYTK can retake 4.80, should spike to 5 and probably over
[14:24] {Threei} new high
[14:24] {Threei} 5 on horizon
[14:34] {magoo} .
[14:35] {Threei} lol
[14:35] {Threei} someone at Laser should stop drinking that early in the day
[14:35] {Threei} 14:34:48 MD1 --} (All): !!!!!!!! !!!!!!
[14:35] {nemo} part-time job?
[14:36] {Threei} same setup shapes up again
[14:36] {Threei} .80 break
[14:37] {Threei} NTGR Judge reportedly throws out a patent lawsuit by LG Fujitsu and Phillips (19.26, +0.44, 2.34%)
[14:37] {nemo} ntgr
[14:38] {nemo} sorry
[14:38] {Threei} magoo's 47 is coming on AIG it seems
[14:39] {magoo} more
[14:39] {magoo} but hard breather
[14:40] {Threei} tell me about it... I can't talk to it without covering face with towel
[14:42] {Threei} PALM Jim Cramer makes positive comments on PALM; AMT (14.53, +0.52, 3.71%) (related AMT )
[14:44] {Threei} PAL, cramerization in progress
[14:45] {Threei} PALM that was
[14:46] {magoo} 47
[14:46] {nemo} 47
[14:46] {Threei} 47?
[14:46] {dptl} have a good evening all
[14:46] {Threei} take care dp, but before you leave,
[14:46] {Threei} you see 47, right?
[14:47] {dptl} where? what?
[14:47] {Threei} lol
[14:47] {Threei} never mind
[14:47] {dptl} :)
[14:47] {Threei} see you tomorrow :)
[14:47] {Threei} beautiful read mags
[14:50] {magoo} been kickin it too:)
[14:50] {Threei} violence works
[14:56] {Threei} CHIP... eod run or fizzle
[15:01] {dino} fizzle
[15:02] {magoo} the snizzle fizzle is the drizzel (snoop dog)
[15:03] {magoo} 48
[15:04] {Threei} that's abourt it for today for AIG, IMO
[15:04] {magoo} has upgraded target AIG today to 55
[15:04] {dino} ggc
[15:07] {ese} Hi everyone........just thought that i would pop in after my staff meeting
06[15:07] * magoo slaps ese around a bit with a large trout
[15:07] {Threei} missed a few nice ones ese
[15:08] {Threei} and spectacular call by magoo on AIG
[15:09] {ese} so i'm i'm out of arna with that second trade before i left at .27 +.14 on6k and i just got out of dndn from last friday in at .50 and out at .03 i'll se you all tomorrow
[15:09] {Threei} okay... rub our noses in it
[15:09] {Threei} and run away
[15:09] {Threei} ok CYTK
[15:09] {ese} vad this ha been a very good day.......i'm loving you right now
[15:10] {Threei} wanna break 5 now?
[15:12] {Threei} who took .80 break on CYTK, if you don't scalp then sure take hlf off near 5
[15:12] {Threei} half that was
[15:12] {Threei} PALM... holy cramer
[15:13] {nemo} holy and cramer in the same sentence....nahhhhh
[15:13] {Threei} how is cramer worse than let's sat mackerel?
[15:14] {nemo} it's the use of the two words...he's the investing anti-christ (with full realization that the word "investing" should not be used here
[15:14] {nemo} )
[15:19] {Threei} 5 break would be just perfect now
[15:19] {Threei} beautiful chart
[15:20] {Threei} explosive
[15:20] {magoo} AIG feels like just getting started
[15:21] {magoo} palm bounce vad?
[15:22] {nemo} cytk froze
[15:22] {Threei} need much deeper pullback
[15:23] {magoo} BAC
[15:23] {magoo} VOLUME
[15:23] {Threei} BAC Close to deal that may end loss sharing agreement - WSJ cites sources (17.37, -0.26, -1.47%)
[15:24] {nemo} that volume spike on cytk, was that the blow off?
[15:24] {Threei} not much of a price spike for that
[15:26] {Threei} - struck a deal with the govt in January that gave it loss protection on $118B of Merrill assets, but BoA said it wanted to exit the deal in May.
[15:27] {Threei} hmmm
[15:27] {Threei} so how is it good for BAC?
[15:29] {nemo} stopped cytk
[15:29] {Threei} hmm?
[15:29] {nemo} on break of 5 I entered
[15:29] {Threei} wow
[15:29] {dino} wondering the same
[15:29] {Threei} call was 4.80
[15:29] {Threei} 5 break for continuation
[15:29] {Threei} not for new entry
[15:29] {nemo} I misinterpreted
[15:29] {Threei} so it was either scalp into 6,
[15:29] {nemo} [15:19] {&Threei} 5 break would be just perfect now
[15:29] {nemo} [15:19] {&Threei} beautiful chart
[15:29] {nemo} [15:20] {&Threei} explosive
[15:29] {Threei} or half out and trail
[15:30] {Threei} so second half would be stopped b/e
[15:30] {Threei} [14:36] {Threei} same setup shapes up again
[15:30] {Threei} [14:36] {Threei} .80 break
[15:30] {magoo} first call was a beauty on it vad
[15:30] {magoo} second too btw
[15:31] {nemo} as I said, misinterpreted your prose
[15:31] {Threei} running comments
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 850M shares, about even to its three-month average; decliners lead advancers by 1.9:1.
[15:31] {Threei} - NASDAQ volume 2.01B shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.
[15:31] {Threei} - VIX index +-0.75% to just under 24.00
[15:32] {Threei} so, after huge volume on Fri with practically no price advance, which usually rweads as distribution
[15:32] {Threei} today we get volume dropoff, with slightly negative price
[15:32] {nemo} rally continues tomorrow
[15:32] {Threei} I don't know how to connect these two
[15:33] {Threei} they asre contradictionary
[15:33] {magoo} dip buyers were impressive
[15:36] {magoo} bulls need a strong close here
[15:38] {nemo} does op ex on Friday kinda' nullify things?
[15:39] {nemo} I think it was quadruple witching hour, no?
[15:40] {dino} today, just reaction to the strike pushes from last week, imo
[15:40] {dino} bigger issue may be end of 3rd quarter.
[15:41] {dino} rino\
[15:45] {magoo} any read PALM vad?
[15:45] {Threei} no... short after Craner effect wears out
[15:46] {Threei} AZN MedImmune Receives U.S. Government Order for Additional 29 Million Doses of Nasal Spray Vaccine for 2009 H1N1 Influenza (45.39, +0.19, 0.42%)
[15:46] {Threei} VIVUS, Inc Reiterates on track for New Drug Application (NDA) for Qnexa for weight loss by December - UBS conf presentation
[15:46] {Threei} - CFO: recent data make us very comfortable that the drug is doing exactly what we want.
[15:50] {Threei} DSTI Executes Letter of Intent With EPOD Solar, Inc. and Enters Into Bridge Financing Agreement (0.84, +0.23, 37.16%)
[15:51] {Threei} things to watch tomorrow:
[15:51] {Threei} CYTK, CHIP, VVUS,
[15:51] {Threei} AIG of course...
[15:51] {Threei} PALM
[15:56] {Threei} CHIP... if we got quick drop to 2.50 or under, I'd even take it overnight
[15:58] {fernp} good evening everybody. see you tomorrow
[15:58] {Threei} take care fern
[15:58] {Threei} CYTK finishes fairly strong
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening'
[15:59] {Threei} see you tomorrow
[15:59] {larisa} bye :)
[16:00] {Threei} one more to watch tomorrow
[16:00] {Threei} BIOS