Thursday, September 24, 2009

Sep 24 2009

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

We got the direction of the day right and got rewarded nicely. Shorts on CAT and LVS worked for nice gains. AONE provided momo and entertainment.

Session Time: Thu Sep 24 00:00:01 2009

[08:04] {magoo} morning
[08:07] {Threei} Good morning
[08:07] {Threei} yawn
06[08:08] * nemo slaps magoo around a bit with a large trout
[08:08] {magoo} new laser version
[08:08] {nemo} might want to let them get the kinks out before downloading
[08:09] {Threei} what's changed?
[08:09] {magoo} too much to list
[08:09] {nemo} Good Morning...Threei...I hope you're having a wonderful day :):):)
[08:09] {Threei} ok... this is spooky
[08:09] {nemo} hehehehehe
[08:09] {Threei} you can't be that drunk that early
[08:10] {nemo} Don't worry, I'll still stab you in the back if situation warrants
[08:10] {Threei} whew
[08:10] {Threei} ok, things are back to normal
[08:10] {nemo} I'll use a kinjaal too
[08:10] {nemo} Q's aren't up?
[08:13] {Threei} I think NASDAQ feed is off somewhat
[08:13] {nemo} release allows access to TSX
[08:14] {Threei} it was available for a while
[08:14] {nemo} oh
[08:14] {Threei} jus had to apply separately
[08:14] {magoo} downloading, brbn
[08:14] {Threei} did they make it on by default?
[08:14] {Threei} ahha, we got our guinea pig
[08:14] {nemo} 2. Support for TSX data and trading - we should have this operational
[08:14] {nemo} very soon. We will have full depth of book with TSX ECN's and the ability
[08:14] {nemo} to route to each of them individually. Trades will be done in CAD in real
[08:14] {nemo} time, but will convert to USD overnight.
[08:15] {Threei} cool
[08:15] {Threei} goytta look into commissions
[08:15] {nemo} now we just need access to the asx, and we can avoid new taxes
[08:15] {nemo} yeah...commissions
[08:15] {Threei} TSX is usdually more expensive than US exchanges
[08:16] {nemo} better wake up trev about the Qs...
[08:16] {Threei} well, you have his phone number
[08:16] {Threei} want to be a first giving him this rite of passage?
[08:16] {Threei} 'cause gods know I did this to dave a few too many times
[08:17] {nemo} one
[08:17] {nemo} done
[08:17] {nemo} answering machine..bastid
[08:17] {Threei} remote or local one?
[08:18] {nemo} telus
[08:18] {Threei} ugh
[08:18] {nemo} should we call Dave?
[08:18] {Threei} virtual ones don't make sound as you speak
[08:18] {Threei} not good as waking-up-at-4am devices
[08:18] {nemo} "Dave's not here, man" Oh Oh, flashbacks
[08:19] {magoo} back
[08:19] {nemo} didn't have time to miss you
[08:19] {Threei} ok, computer is not exploding with new version
[08:19] {Threei} that much we know
[08:20] {nemo} well, QLD is working
[08:20] {Threei} ummm... because it's not NASDAQ?
[08:20] {Threei} and as I said it's NASDAQ feed that is having problems?
[08:20] {Threei} man.. pay attention will ya
[08:21] {nemo} yes...but it kinda' allows me to see what's going on with the NAS this morning
[08:21] {nemo} work for you?
[08:21] {Threei} sure
[08:21] {Threei} as does QID
[08:22] {Threei} but I simply use my NQ feed to see what's with NASDAQ :)
[08:22] {nemo} I don't have NQ.
[08:22] {magoo} i like the ARCA imbalance feature
[08:24] {Threei} what's that?
[08:24] {magoo} in alerts
[08:24] {Threei} man... you'll make me download a new one...
[08:24] {magoo} market makers need to pair off the imbalances at open and close of mktbef
[08:25] {magoo} say, bac has sell imbalance at 3:40 pm of 5 indication that it should selloff intop closes
[08:26] {Threei} have you tracked it?
[08:26] {Threei} really works as a valid alert?
[08:27] {Threei} I stuill have some real estate on my monitors, can keep this window if it's useful
[08:30] {nemo} Ya' know how that 0 down mortgage stuff was kinda' at the bottom of all the problems...
[08:30] {nemo} look at this:
[08:32] {Threei} *INITIAL JOBLESS CLAIMS: 530K V 550KE; CONTINUING CLAIMS: 6.138M V 6.183ME
[08:32] {Threei} - Prior Jobless Claims revised from 545K to 551K
[08:32] {Threei} - Prior Continuing Claims revised from 6.230M to 6.261M
[08:33] {Threei} mags... works fine?
[08:36] {Threei} NASDAQ feed is on
[08:36] {nemo} the'res Nas
[08:36] {magoo} yea vad..dave uses it all the time..he showed me it 3 monthsago
[08:36] {Threei} ty
[08:36] {Threei} I mean new version
[08:37] {magoo} if there are huge buy side imbalance on say wfc into open, indicate it should pop up to pair off
[08:37] {magoo} i just downloaded it
[08:37] {magoo} seems ok
[08:39] {Threei} OK... will install now
[08:39] {Threei} if you don't hear from me for the next 6 years, it's magoo's fault
[08:39] {magoo} :)
[08:40] {nemo} trevor just called
[08:40] {Threei} Euro vs US Dollar USD's tone remains soft ahead of G20; Dealers speculate that Obama administration dollar policy might mirror BOE's King view on rebalancing
[08:40] {Threei} - One dealer noting that a Goldilocks scenario would have a weak dollar policy move ata gradual pace and not fuel inflation and not affecting the bond market
[08:45] {Threei} OK
[08:46] {Threei} set up alert
[08:46] {Threei} will monitor it
[08:46] {nemo} How do you set up the alert?
[08:47] {Threei} call up the window
[08:47] {Threei} resize and place it where you need it,
[08:47] {Threei} right click,
[08:47] {Threei} manage the fonts so you can read it,
[08:47] {Threei} move columns around
[08:48] {nemo} read? oh oh
[08:48] {Threei} so those you need are at the left side
[08:48] {Threei} for instance, column saying Side
[08:48] {Threei} it's way too far to the right,
[08:48] {Threei} move it so it's rifght after the symbol
[08:49] {fernp} good morning everybody
[08:49] {Threei} make up your mind about selection methid,
[08:49] {Threei} because default is alphabet
[08:49] {Threei} fern :)
[08:49] {Threei} not sure which sort methind is the best... match volume?
[08:49] {Threei} mags?
[08:50] {Threei} or imbalance?
[08:51] {magoo} i believe total imbalance
[08:52] {Threei} ty
[08:52] {Threei} do you know what marketimb is, vs totalimb?
[08:53] {magoo} this window is new too me too, so as i learn ill fill u in
[08:54] {Threei} so there is a time limit on how long we can call you "useless"...
[08:55] {Threei} in total imb first line is PVI
[08:55] {magoo} seems there is a very short time limit on how long u consider me "useFULL" lol
[08:55] {Threei} but it's obvioualy non-mover
[08:55] {larisa} gm :)
[08:55] {Threei} rofl
[08:55] {Threei} larisa :)
[08:55] {Threei} that was a good one
[08:56] {nemo} lari :)
[08:56] {larisa} :)
[08:57] {magoo} vad, gut feel here...yesterdays pullbk too continue..or the upward push today to hold prices into qtr end
[08:57] {magoo} too easy to rollover imo
[08:57] {magoo} BUT its way overdue
[08:57] {magoo} what would hurt the most...i think powerup would
[08:58] {Threei} let me reserve my take for now
[08:58] {Threei} gotta watch a little
[08:58] {magoo} BUT man, we couild fall for several days without even changing trend from up
[08:58] {magoo} if we rollover CAT woulf be good short
[08:59] {Threei} guys, anyone connected through mibbgit?
[08:59] {magoo} vad, u ever play TZA?
[09:00] {nemo} how do I delete a window
[09:00] {Threei} Ctrl-F6
[09:00] {nemo} ty ...I was pushing ctrl-F
[09:00] {larisa} vad, new laser version with new routes any of interest or can wait ?
[09:00] {Threei} routes not sure, but there is interesting imbalance scan larisa
[09:01] {Threei} no mags
[09:02] {Threei} everyone here on mirc, no mibbit users?
[09:03] {cosmo} imbalance of mirc users?
[09:03] {Threei} lol
[09:03] {cosmo} :)
[09:03] {Threei} seems mibbit is down
[09:05] {magoo} was mibbit that other indow for room?
[09:06] {magoo} dino uses that other room to access
[09:07] {Threei} he is not in yet?
[09:07] {magoo} he just walked in..waiting for him to react he he
[09:08] {cosmo} COMS
[09:09] {cosmo} 5.20 far
[09:12] {cosmo} HLCS pre mkt high = 2.82 fyi
[09:14] {magoo} vad CHTP LOOK
[09:15] {Threei} 9:09:14 AM
[09:15] {Threei} Chelsea Therapeutics Preliminary data show Phase III study of Droxidopa did not meet statistical significance in treating neurogenic orthostatic hypotension
[09:15] {Threei} * Study 302 Did Not Meet Statistical Significance on Primary Endpoint
[09:15] {Threei} * Key Secondary Endpoints Strongly Support Symptomatic Benefit
[09:15] {Threei} * Design of Second Study May Offer Significant Advantages
[09:15] {Threei} * Company Conducting Additional Data Analyses
[09:16] {nemo} weird...ctrl-f6 is just pushing windows to background
[09:16] {Threei} - CEO: "While the outcome on Item 1 of the OHSA scale did not meet the company''s expectations, our preliminary look at each of the secondary symptomatic outcome measures was encouraging and supportive of the therapeutic benefit of Droxidopa in neurogenic orthostatic hypotension, we anticipate a more comprehensive review of the data will help determine the relative impact of a higher than anticipated placebo response and what, if any, additional factors may have contributed to these unexpected result"
[09:16] {magoo} F4
[09:17] {nemo} kewl
[09:17] {Threei} oh yeah... my keyboard is a bit different
[09:17] {Threei} forgot
[09:17] {nemo} you did it on purpose
[09:17] {Threei} cruel CHTP
[09:17] {magoo} wheres bounce?
[09:17] {Threei} Reminder: five IPO's scheduled for today
[09:17] {Threei} ** there are two listed IPO's, which can open for trading at any time after 9:30amET:
[09:18] {Threei} - ART: Priced 25M share IPO at $26/share v $24-26/share expected pricing range. The lead underwriter is Goldman Sachs. The company is an asset management firm which caters to institutional and mutual fund clients.
[09:18] {Threei} - ARI: Priced 10M share IPO at $20/share. The lead underwriters are JP Morgan, Citi and Barclays. The company is a commercial real estate finance company that invests in commercial real estate loans, commercial mortgage-backed securities and other real estate-related debt investments.
[09:18] {Threei} ** there are also three NASDAQ IPO's today:
[09:18] {Threei} - AONE: Prices IPO at $13.50/share, increases offer size to 27.5M from 25M. Announced today the initial public offering of 28,180,501 shares of its common stock at $13.50 per share. AONE makes advanced rechargable lithium-ion batteries.
[09:18] {Threei} - CLNY: Priced 12.5M share IPO at $20.00/share, which is in line with the expected price. The lead underwriters are Bank of Americal/Merrill, Goldman, Morgan Stanley and UBS. The Company is a newly formed real estate finance company that will focus primarily on acquiring, originating and managing commercial mortgage loans, which may be performing, sub-performing or non-performing loans The Company intends to elect and qualify to be taxed as a real estate investment trust.
[09:18] {Threei} - VITC: Priced 11M share IPO at $12/share vs. expected pricing range of $11-13/share. The lead underwriters are Jefferies, Oppenheimer; Co Managers Needham and Roth Capital. The company is an online retailer and direct marketer of health and wellness products.
[09:19] {Threei} AONE may be interesting
[09:21] {tomg} good morning all :)
[09:21] {Threei} tom :)
[09:22] {Threei} is CHTP one drug company??
[09:22] {Threei} selloff seems to be horribly excessive
[09:23] {magoo} seems so
[09:27] {nemo} oil plummeting how airlines?
[09:30] {dptl} good morning all
[09:30] {Threei} dp :)
[09:33] {nemo} news bbby
[09:33] {nemo} ?
[09:33] {magoo} RIMM vad
[09:34] {Threei} downgrade earlier
[09:34] {Threei} nithing fresh
[09:34] {nemo} ahh...beat down
[09:34] {Threei} watching YRCW for bounce
[09:35] {Threei} RIMM is not ready yet
[09:35] {nemo} chef vad
[09:37] {Threei} 86 cross... couldn't type in time
[09:37] {Threei} let's see if we get double bottom
[09:38] {Threei} dive closer to 86
[09:39] {Threei} yeah right
[09:40] {Threei} Short Setup: CAT .45 break
[09:40] {Threei} if stays below .60
[09:41] {Threei} not a scalp for me
[09:41] {magoo} RHT on fire
[09:42] {Threei} under 1:1, covering half
[09:43] {Threei} stop to above .50
[09:44] {Threei} Preview: Aug Existing Home Sales due out at 10amET
[09:44] {Threei} **consensus expectation: 5.35Me (+2.1% m/m) v 5.24M prior.
[09:44] {Threei} - range of expectations
[09:45] {Threei} 1/4 more out CAT
[09:45] {magoo} covered CAT .11 TY
[09:45] {Threei} .15
[09:45] {Threei} welcome mags
[09:45] {Threei} stop to above .40 for the last piece
[09:46] {nemo} ty vad
[09:46] {tomg} out .13, ty vad
[09:46] {Threei} sure thing guys
[09:46] {Threei} hey, this is our first market following short in quite a while
[09:47] {Threei} PALM Hearing dealreporter making cautious comments in the name (16.75, -0.21, -1.24%)
[09:47] {magoo} LVS MGM vad
[09:47] {magoo} bouncers?
[09:47] {Threei} LVS either double bottom or breakdown
[09:48] {Threei} my inclination is breakdown
[09:48] {magoo} thats the toughie
[09:48] {Threei} need little consolidation for closer stop
[09:48] {Threei} trigger is .40 break of course
[09:48] {larisa} hope ese did not hold STEC overnight
[09:49] {Threei} DNDN Sees NJ site at full capacity as of H1 2011; Will manufactor enough Provenge to generate Rev of approx $500-1B (27.28, -0.99, -3.50%)
[09:50] {magoo} AM vad nuts
[09:50] {Threei} AM Reports Q2 $0.40 v $0.06e (ex benefit), R $356.4M v $363Me
[09:50] {Threei} - Pre-tax benefit from an insurance program of $7.9M (after tax of approximately $7.6M)
[09:51] {magoo} any read RHT vad?
[09:52] {magoo} RIMM too
[09:52] {magoo} sorry alot going on here
[09:53] {Threei} Short Setup: LVS .50 breakdown
[09:53] {Threei} stop above .60
[09:54] {Threei} aggressive entry for that .40 trigger
[09:54] {Threei} 1:1 in a hurry
[09:54] {nemo} didn't get the message until after trigger
[09:54] {fernp} true
[09:54] {nemo} what I said fern, or 1:1 in a hurry?
[09:54] {Threei} it was at .48
[09:55] {Threei} watch the bounce for entry
[09:55] {larisa} .38 here when message came
[09:55] {nemo} not when it came across...must be network problem
[09:55] {Threei} .38??
[09:55] {nemo} already in .30's
[09:55] {Threei} wow
[09:55] {Threei} okay, let's see if gives second chance
[09:56] {Threei} this comment takes the prize:
[09:56] {Threei} (IT) Italian PM Berlisconi: G20 can not allow further speculation in commodities
[09:57] {nemo} Yeah...the italian economy has always been in such great shape
[09:57] {nemo} the only organization that functions well is the mafia
[09:58] {Threei} crrrap... no second chance LVS
[09:59] {magoo} hit rimm .98 long
[09:59] {larisa} lol me too :)
[09:59] {Threei} OK
[09:59] {Threei} in LVS
[10:00] {Threei} stop above .60
[10:00] {nemo} long?
[10:00] {Threei} AUG EXISTING HOME SALES (M/M): 5.1M V 5.35ME (-2.7% M/M)
[10:00] {Threei} ???
[10:00] {Threei} wake up
[10:00] {larisa} :)
[10:00] {Threei} I was hunting for swecond chance entry and posted it like three time
[10:00] {nemo} I looked away when you said no 2nd chance
[10:01] {Threei} cover half who got it
[10:01] {Threei} (US) Fed: Will weight continuing TAF on permanent basis, seeking public comment
[10:02] {Threei} out last portion CAT
[10:02] {nemo} posted what, that you were looking?
[10:02] {Threei} 52.50
[10:02] {larisa} nice CAT call, week stock off resistance.. beauty
[10:02] {Threei} +.95
[10:02] {Threei} nemo... you want to tarde or to argue?
[10:03] {Threei} covering LVS in full
[10:03] {Threei} .15
[10:03] {Threei} +.30
[10:03] {nemo} no, just wondering if info coming across mirc
[10:05] {Threei} ok, let's see
[10:05] {Threei} [09:55] {Alert} Threei watch the bounce for entry
[10:05] {Threei} [09:55] {Alert} Threei okay, let's see if gives second chance
[10:06] {Threei} [10:00] {Alert} Threei OK
[10:06] {Threei} [10:00] {Alert} Threei in LVS
[10:06] {nemo} forgot the "crap..." line
[10:06] {Threei} does it translate into long in any way?
[10:07] {Threei} not even speaking of
[10:07] {Threei} [10:00] {Threei} stop above .60
[10:07] {nemo} yep
[10:07] {fernp} BAC bounceVad?
[10:07] {Threei} why did I ever cover it
[10:08] {Threei} not sure we are ready for bounces
[10:08] {fernp} ok
[10:08] {Threei} market mood has changed drastically
[10:12] {larisa} RIMM reports after close?
[10:12] {Threei} yes
[10:13] {larisa} watching for 2d bottom, missed first off 83.50
[10:14] {Threei} IMO{ change the mode
[10:14] {Threei} it's breakdowns
[10:15] {Threei} not bounces
[10:16] {Threei} US House Committee postpones hearings on credit ratings agencies (related MCO MHP )
[10:16] {Threei} why, they are very nusy with something?
[10:16] {Threei} busy
[10:21] {Threei} Long Setup: YRCW .700 if stays above .60
[10:21] {Threei} scalp only
[10:26] {mib_izoaq1} oh my god....i'm in.......shaking!!!! Shivering!!!! trading room withdrawl.......ahhhhhhhhhh can rest easy now
[10:26] {nemo} ese?
[10:27] {Threei} lol
[10:27] {Threei} ese is hiding fromn his brother under tis nick I guess

[11:35] {ese} looks like i'm in again....anyone else hangin
[11:35] {Threei} jeez
[11:35] {ese} and i'm ese
[11:35] {nemo} Hi Honey! I'm Home!
[11:35] {ese} and and and......your VAD!!!!!
[11:35] {dptl} [08:33] {dptl} oh i am first one
[11:35] {ese} hello dear
[11:36] {nemo} sweetie pie!
[11:36] {ese} nope.....i was
[11:36] {nemo} There's something seriously wrong with us
[11:36] {ese} ha ha dp
[11:36] {Threei} something?
[11:36] {Threei} try everything
[11:36] {dptl} lol
[11:36] {nemo} DPWFL
[11:36] {ese} ok ...swhivering and shaking has stopped again
[11:37] {patience} good morning guys
[11:37] {nemo} mainline traiding ese?
[11:37] {ese} you got a drug for that room withdrawl
[11:37] {Threei} AONE does
[11:37] {ese} pppppaaaaaaaaatttttttttiiiiieeeennnnccceee!!!!!!!!! we haven't lost you......oh my god i thought it was over
[11:38] {nemo} aig an rimm seem to be teasing both ways
[11:38] {Threei} watch it and you are symptoms-free
[11:38] {ese} start of down trend today boys and girls....hmmmmmwhadaya think?
[11:39] {nemo} Read the caption over the window dude
[11:39] {patience} don't know...will wait until this spin doctor week is over....
[11:40] {Threei} well, we did two shorts today ese
[11:40] {ese} which ones
[11:40] {Threei} CAT and LVS
[11:40] {ese} lemme take a look
[11:41] {ese} 53 on dn for cat?
[11:41] {ese} that looks very nice
[11:42] {ese} lvs 18.30 on dn.....very nice ladies and gentlemen
[11:43] {nemo} gentlemen?
[11:43] {ese} loosely speaking of course
[11:43] {Threei} actually, CAT we shirted around 53.50
[11:43] {ese} thinks this isn't over...patience are you on the sidelines or shorting
[11:43] {Threei} and LVS 18.50
[11:44] {ese} nice
[11:45] {ese} take a look at dndn....the bounce it took...boes well for the future
[11:45] {ese} bodes
[11:45] {Threei} it had news too
[11:45] {ese} i think so
[11:45] {Threei} boy I hope magoo saw AONE momo...
[11:45] {Threei} his play
[11:46] {patience} ese, i am doing a bit of buying...just scalping....majority of money is on the sidelines
[11:46] {patience} not shorting yet
[11:47] {Threei} US Deputy Sec of State: China and US are not looking to create a trade war due to tire dispute
[11:47] {ese} ya same here with money....i like the neighbourhood i'm living in....prefer to keep it
[11:47] {nemo} rimm might be a short if it doesn't stay above .95
06[11:50] * nemo slaps magoo around a bit with a large trout
[11:50] {magoo} INNNNNNNN
[11:50] {Threei} mags...
[11:50] {Threei} [11:45] {Threei} boy I hope magoo saw AONE momo...
[11:50] {Threei} [11:45] {Threei} his play
[11:50] {nemo} volumes pretty strong
[11:50] {magoo} i actually did
[11:50] {Threei} cool
[11:51] {magoo} my exit .97 no shit..but entry was .40
[11:51] {Threei} 19.97?
[11:51] {magoo} yea
[11:51] {Threei} nice timing
[11:51] {magoo} my in not great
[11:52] {Threei} no... attack on 19 was where you would usually enter if watched it
[11:52] {Threei} we that typical "again and again, until we break that dam"
[11:52] {Threei} was
[11:56] {ese} l aone .59
[11:56] {Threei} we are reversing
[11:56] {Threei} or at least starting much more deep pullback than in months
[11:57] {ese} out aone.81 3k of the little blighters
[11:57] {ese} tks for that vad
[11:57] {gnslng} Nemo, could you tell me how to enable sounds,thx gns when you get a chance
[11:58] {Threei} welcome ese
[11:59] {Threei} next break
[12:00] {fernp} am i in?
[12:00] {fernp} lost connection
[12:00] {Threei} yes fern
[12:00] {Threei} not just you
[12:00] {fernp} ty
[12:00] {Threei} server was down
[12:00] {Threei} you never got an e-mail?
[12:01] {fernp} now i see the email
[12:01] {ese} that was the first time i'd traded an ipo.....
[12:01] {ese} up and dn like a rocket.......
[12:03] {nemo} aig woke up
[12:04] {ese} did it ever
[12:07] {Threei} was a bit hesitant on LVS short call at .50 break
[12:07] {Threei} still not fully in short mode
[12:07] {nemo} folks...where else might the Alert setting window be other than under "Ucentral" when you right click on a name
[12:07] {Threei} Info
[12:07] {Threei} in new version
[12:08] {nemo} I check for new version available
[12:08] {nemo} where's "Info"?
[12:08] {Threei} right click on a nick
[12:08] {Threei} there should be line Info
[12:08] {Threei} in mIRC newer than yours
[12:09] {nemo} I have that gnslng?
[12:09] {ese} l dndn .20
[12:09] {Threei} Ucenral is in older version, I have that one too
[12:09] {nemo} huh...on the mirc site it says v6.35, which is what I have
[12:10] {Threei} click Help - Check for Updates
[12:10] {nemo} yes did that...none...went to the site, all it shows is v6.35
[12:10] {Threei} strange... I have 6.32
[12:11] {Threei} 6.35 should be with Info
[12:11] {fernp} 6.35 here
[12:11] {nemo} so...I ahve the latest
[12:11] {Threei} fern, where is Highlight section in your version?
[12:11] {Threei} to set the sound alert
[12:12] {fernp} right click threei --} info --}highlight
[12:12] {Threei} yup, that's what I thought
[12:12] {Threei} thank you
[12:12] {fernp} :)
[12:12] {Threei} LVS...
[12:12] {ese} out dndn .17 -.03 i ain't hangin around long today
[12:12] {Threei} killage in progress
[12:12] {nemo} Well, all's right with the universe...mines fubar
[12:13] {Threei} dino's in the house
[12:13] {Threei} we are slowly recovering from putage... people catch the train
[12:14] {dino} lol
[12:14] {Threei} where is the rest 3,985,082 subscribers
[12:15] {Threei} oh wait, that was in that nightmare where I sw myself as Cramer
[12:15] {dino} stec gap filled from couple days ago
[12:16] {dino} xlnx l from .10, close gap fill tues. close
[12:17] {dino} clw coming into yesterdays lod
[12:17] {dino} thin
[12:17] {dino} amn interesting range
[12:18] {dino} nemo, i missed mos, waited at 50.00, ugh
[12:18] {dino} pretty reliable pattern mos has
[12:19] {dino} avgo
[12:20] {fernp} AIG 47 break?
[12:21] {Threei} 50/50
[12:21] {Threei} why not try small shares
[12:21] {fernp} ok
[12:21] {dino} thats an extreme "pulp" mover
[12:22] {fernp} i'll pass
[12:22] {Threei} yeah
[12:22] {Threei} rejections are more likely now,
[12:23] {Threei} and for the breaks of this kinf aggressive entries are not an option anymore
[12:23] {Threei} mags, you keep it in mind
[12:23] {Threei} this is your preferrable mehtod,
[12:23] {Threei} and it;'s NOT suitable for this makrte
[12:24] {magoo} yup
[12:30] {dino} cprt blood
[12:31] {Threei} Preview: Treasury's $29B 7-year note auction results due out just after 1pmET
[12:31] {Threei} - $29B is is a $1B increase from the Aug auction
[12:31] {Threei} - prior bid-to-cover was 2.74
[12:31] {Threei} here is that auction again
[12:31] {Threei} I'll wait for larisa to learn all about it and then teach me
[12:31] {larisa} I do not want to
[12:32] {Threei} ok, then I'll die not knowing
[12:32] {larisa} I better eat chocolate and watch TV
[12:32] {Threei} and probably better for it
[12:32] {dino} i think it only matters when they stop buying
[12:38] {magoo} any read A! vad
[12:38] {magoo} A1
[12:39] {nemo} I wont do that again
[12:39] {Threei} magoo?
[12:39] {magoo} huh
[12:39] {Threei} A1?
[12:39] {magoo} AONE
[12:39] {Threei} rofl
[12:39] {nemo} jeez vad...even I got that
[12:39] {Threei} oh you did?
[12:40] {nemo} understood it
[12:40] {Threei} fine, YOU answer magoo then
[12:40] {nemo} whoa
[12:40] {nemo} tried to update my mirc..not a good idea
[12:40] {Threei} no mags
[12:40] {Threei} it was fine when it had momo
[12:40] {magoo} in the meantime magoo ? gets lost
[12:41] {Threei} now momo's gone, and it's still IPO{
[12:41] {Threei} wit nothing technical to it
[12:41] {nemo} so, is it now a posipo
[12:41] {Threei} I had this question a day or two ago, and larisa saved him... now I have to repeat:
[12:42] {Threei} anyone objects if we kick nemo out?
[12:42] {Threei} lol
[12:42] {Threei} [12:42] * nemo Quit (Quit: )
[12:42] {Threei} -----------
[12:42] {magoo} oh oh
[12:42] {magoo} vad..thoughts on RIMM here especially with earnings tonite
[12:43] {magoo} i would think they ram it up
[12:43] {Threei} I have feeling bounces are in play right now
[12:43] {magoo} LVS
[12:43] {magoo} trying finally
[12:43] {Threei} just let's try them carefully and keep stops like religion
[12:43] {magoo} sold out ..crushed..but reloaded .04
[12:43] {Threei} RIMM .20 break'
[12:44] {magoo} .40 area rejected rimm twice earlier
[12:44] {magoo} so needs to take .50 for runn
[12:44] {Threei} that's fine
[12:45] {Threei} we will scalp into that or partial
[12:45] {magoo} but scalp from .20 looks good
[12:45] {Threei} and bif offer at .20 makes break looking juicable
[12:45] {Threei} if that's a word
[12:45] {magoo} takes fitty..we might get near 85
[12:48] {magoo} out LVS .30
[12:50] {Threei} nemo... nice preemptive exit
[12:50] {nemo} I figured the cave wouldn't work
[12:51] {Threei} and larisa may not want to save you this time
[12:51] {Threei} let's go RIMM
[12:51] {nemo} go on break of .20?
[12:51] {magoo} in of course
[12:51] {Threei} 1:1
[12:51] {Threei} half out or scalp
[12:51] {magoo} needs fitty
[12:54] {magoo} it takes .50 and im ridinbg it
[12:55] {nemo} pivot resistance is @ .37 mags
[12:57] {Threei} second half is stopped b/e
[12:57] {magoo} has issued a buy on RIMM
[12:57] {magoo} says coiling
[12:58] {nemo} on 5 min break of .50 looks juicy
06[13:01] * magoo slaps dawg around a bit with a large trout
[13:01] {magoo} bad dog
[13:01] {Threei} - indirect bidders take 61.2% of competitive bids
[13:01] {Threei} 46.3% alotted at the high
[13:02] {magoo} 4th try
[13:02] {magoo} ,40 area
[13:03] {nemo} tlt not really reacting on that news
[13:04] {magoo} ok :)
[13:05] {magoo} giddy up
[13:05] {magoo} patrick swayze in point break"c'mon jonny..we gonna ride this all the way"
[13:06] {nemo} look where that got him
[13:06] {nemo} the big dirt nap
[13:06] {larisa} not nice
[13:07] {nemo} nature is unkind
[13:07] {magoo} he was a good guy
[13:07] {nemo} absolutely...really liked his stuff
[13:07] {nemo} only the good die young
[13:08] {magoo} then vads gonna live forever
[13:08] {Threei} lol
[13:08] {nemo} I make the snowballs you throw em
[13:08] {magoo} u insert rocks in them
[13:08] {nemo} only vads
[13:10] {nemo} aig maybe .60 break
[13:10] {nemo} 46 I meant
[13:11] {magoo} i took that AIG
[13:11] {nemo} cool, made 1:1
[13:11] {magoo} well...
[13:12] {magoo} looking for a rip
[13:12] {nemo} cat break..oops broke
[13:14] {nemo} no volume on aig pullback
[13:16] {magoo} RIMM such a stupid donkey today
[13:17] {nemo} scalps to the upside riders to the downside
[13:17] {larisa} very good for scals
[13:17] {larisa} +p
[13:17] {nemo} what's +p lari?
[13:17] {larisa} scals +p
[13:18] {Threei} lol
[13:18] {Threei} nemo, you are something...
[13:18] {nemo} or would that be -s +p +s
[13:18] {nemo} well "+p" has an entirely different meaning to me
[13:19] {Threei} you read every line in complete isolation
[13:19] {nemo} moth memory
[13:20] {Threei} nah, that's me with moth memory,
[13:20] {nemo} alright, bacterial
[13:20] {Threei} and you make us both look like Einstein {G}
[13:20] {nemo} I wouldn't say you look like Einstein
[13:20] {Threei} ok... moth can have the looks
[13:24] {Threei} (EU) EU's Barroso: Economic and financial situation remains fragile, believes governments need to prepare exit strategies and have them 'ready to go'
[13:24] {Threei} - Insists that governments need to maintain their economic support programs
[13:24] {Threei} - Would like to see decisive action on bank pay
[13:24] {Threei} they repeat it for months
[13:24] {Threei} isn't it time to write a new speech?
[13:25] {Threei} fragile, difficulties ahead, green shoots, prepare exit, do not withdraw stimulus measures too soon, regulate banks - there
[13:44] {Threei} RGBO US Senator Grassley notes FDA will review approval of the Knee device from 2008; sees approval as 'too quick' (11.73, -0.46, -3.77%)
[13:44] {Threei} what does senator have to do with FDA reviewes?
[13:49] {nemo} $ kicking butt today
[13:50] {Threei} wasn't it supposed to go to zero?
[13:51] {Threei} and gold to infinity?
[13:53] {Threei} LVS... breakdown or no breakdown
[13:54] {Threei} tempting
[13:54] {Threei} 17 - 17.10 or 17.15
[13:58] {ese} outta here until tomorow.....interesting day....take care
[13:58] {Threei} take care ese
[13:58] {ese} cya vad
[13:59] {dptl} too...see ya tomorrow all.....have a good one
[14:01] {Threei} :)
[14:02] {Threei} let's try it differently
[14:03] {Threei} Short Setup: LVS .10 break
[14:03] {Threei} if stays under .20
[14:03] {nemo} that was quick
[14:09] {Threei} SNIC CEO: Offering streaming movies to cable TV subscribers; and movie downloads through Blockbuster
[14:10] {Threei} NYSE Euronext CEO: Federal government is pressuring NYX to make acquisitions of other exchanges, not be acquired
[14:10] {Threei} - High-frequency trading shouldn't be bundled with other market issues currently under scrutiny.
[14:10] {Threei} - Volume going through alternative venues makes it difficult to keep tabs on market manipulation.
[14:10] {nemo} well, gotta' get ready to go
[14:10] {nemo} cu 2morow
[14:11] {Threei} what, not going to wait for LVS hitting 16?
[14:11] {nemo} can't
[14:11] {Threei} okay.. scalped at least?
[14:11] {nemo} .08
[14:14] {fernp} LVS I am out here TY Vad
[14:14] {Threei} :)
[14:15] {dino} 3% + drop ndx, s/p. stock moves are much bigger. lots of stuff i watch down 5-15%
[14:16] {Threei} I guess we just tend to watch more volatile stuff
[14:16] {fernp} fast sell is not working here. doesn't cancell my previous order.
[14:16] {fernp} are you using fast sell vad?
[14:16] {Threei} yes
[14:17] {Threei} what trade you use it on?
[14:17] {fernp} LVS, YRCW
[14:17] {Threei} short?
[14:17] {fernp} one short one long
[14:17] {Threei} on short it won't work
[14:17] {Threei} it's fo sell only
[14:18] {fernp} yeah
[14:18] {Threei} exiting short you buy
[14:18] {Threei} OK LVS.. break that 17
[14:18] {Threei} on long, there are two scenarios
[14:18] {Threei} one is, stosk is avaliable for shorting,
[14:18] {Threei} then fast sell works like charm
[14:18] {Threei} another is, stock is not available,
[14:19] {Threei} then your first order will be canceled but new one wqon't be entered
[14:19] {Threei} you'll see a red line saying:
[14:19] {Threei} no long position to sell
[14:19] {Threei} click second time then,
[14:19] {Threei} actual sell order will go through
[14:20] {Threei} as first one is already canceled
[14:20] {fernp} ok. thank you
[14:20] {Threei} YRCW is unavailable
[14:20] {Threei} so that's probably what happened
[14:20] {fernp} i have a msg saying you have no shares to sell
[14:20] {Threei} yup
[14:21] {fernp} but i was long 500
[14:21] {Threei} yes,
[14:21] {Threei} but you already had sell order entered
[14:21] {fernp} yes
[14:21] {Threei} so,
[14:21] {Threei} from software point of view
[14:21] {Threei} you tried to short it
[14:21] {Threei} and there are no shares to short for this partuclar stock
[14:22] {Threei} fast sell algorithm is: send new sell order, cancel first
[14:22] {fernp} ok. fast sell works ok when stock is shorteable
[14:22] {fernp} if not. better press cancell
[14:22] {Threei} if ifor that it has to have shares for short
[14:22] {Threei} no, no need to cancel
[14:22] {Threei} click sell,
[14:22] {Threei} if no shares to short, it will cancel
[14:23] {Threei} so just click sell second time
[14:23] {Threei} anyway faster than cancel, move cursor to sell button, click again
[14:23] {Threei} you are already at sell button
[14:23] {Threei} see what I mean?
[14:23] {fernp} ah, to press twice sell?
[14:23] {Threei} yup
[14:24] {fernp} THANK YOU
[14:24] {Threei} sure
[14:24] {Threei} just make sure you se that red line
[14:24] {Threei} 'cause if shares appeared whuile you held position and stock became shortable
[14:24] {Threei} you will short it by clicking twice :)
[14:25] {fernp} :) bad luck then
[14:25] {Threei} or not... if it drops :)
[14:26] {fernp} true
[14:27] {Threei} US Senate Democrats to introduce legislation on Sept 30 to reduce greenhouse gas emissions (related CARBX USO UNG )
[14:44] {dino} stec break of .00
[14:46] {dino} mnkd l .33 stop lod
[14:56] {larisa} over 9800 today, over 10K tomorrow?
[14:56] {larisa} I want a surprise
[15:05] {magoo} read RIMM vad?
[15:07] {Threei} none really
[15:13] {Threei} Chavez talking about movies
[15:13] {Threei} wehat kind of zoo they are running at UN really
[15:15] {dino} they should disban it, waste of time and money
[15:16] {Threei} I say bulldozer
[15:16] {dino} burn 'em all ike, burn 'em all
[15:19] {dino} tombstone
[15:29] {fernp} see you all tomorrow. have a good evening
[15:29] {Threei} take caere fern
[15:30] {dino} we are going up because cramer just posted 9k before 10k on dji. the ultimate short term contrary indicator
[15:30] {Threei} jeez
[15:30] {Threei} I really need to stop watching charts, start watching this guy and just fade him
[15:32] {dino} indeed
[15:32] {Threei} ok, let's see ig this imbalance thingy works
[15:32] {Threei} IWM
[15:33] {Threei} buy imbalance
[15:33] {Threei} UCO sell
[15:39] {magoo} vad..gun to your anus...rimm pop up or down after bell??
[15:40] {Threei} no slightest idea mags, it's earnngs
[15:40] {Threei} feel has a chance to work on chart
[15:40] {Threei} but I don't know how to get a feel for what earnings will be :)
[15:41] {Threei} the only thing I can say is,
[15:41] {Threei} we are in the market phase that is more likely to sell even good news
[15:41] {magoo} good point
[15:50] {dino} mnkd stopped -.09
[15:57] {dino} out stec flat
[15:58] {Threei} okay guys, thak you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {Threei} I'll try to post rimm mags
[15:59] {larisa} thak you too :)
[15:59] {magoo} ty
[15:59] {Threei} I knew that
[15:59] {Threei} as soon as I saw what I typed :)
[16:00] {larisa} predicting future?
[16:00] {Threei} just a tadf
[16:00] {Threei} as far as the ways to smack me go
[16:00] {lasertrev} good night all
[16:00] {Threei} self-preserving instincts, you know
[16:01] {Threei} gotta know where to expect the slap from
[16:01] {Threei} take care trev