Friday, September 25, 2009

Sep 25 2009

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

Kind of mixed day - started out well with 3 wins out of 4 trades, then a few stops eliminated profits, then couple good trades on RIMM and AIG returned the day in green but just barely. Uncertain moment in the market, a lot of shakeouts on otherwise good trades - but discipline is discipline and a stop is a stop.

Session Time: Fri Sep 25 00:00:00 2009

[07:55] {magoo} morning
[07:57] {nemo} comrade
[07:57] {nemo} sorry I missed the aftermarket fireworks with rimm
[08:21] {nemo} you been shorting rimm this morning mags?
[08:22] {magoo} actually'd u kniow
[08:23] {nemo} just seems to make sense to me
[08:24] {magoo} 70 a magnet
[08:25] {nemo} 70.50 has support too
[08:25] {nemo} there's support @ 70, see if it breaks
[08:25] {nemo} I mean 72
[08:33] {nemo} hasn't figured out if it's going to give up 72 yet
[08:33] {magoo} cant even bounce a lil
[08:36] {Threei} *AUG DURABLE GOODS ORDERS: -2.4% V 0.4%E; DURABLES EX-TRANSPOTATION: 0.0% V 1.0%E
[08:36] {Threei} - Prior Durables revised from 5.1% to 4.8% (second revision)
[08:36] {Threei} - Prior Durables Ex Transportati...more... (related EUR/USD SPY TLT SHY USO DIA )
[08:37] {Threei} BLTXX Baltic Dry Bulk rises under 1% (first gain in 11 sessions)
[08:37] {magoo} morn
[08:38] {Threei} good morning
[08:38] {fernp} good morning everybody
[08:38] {Threei} fern :)
[08:38] {Threei} UAUA Planning a $10 surcharge for holiday travel during Thanksgiving time period
[08:39] {Threei} UAUA Planning to pretend memory loss made it forget to cancel a $10 surcharge after Thanksgiving
[08:41] {cosmo} just tell them to forget about that....
[08:41] {Threei} but they forgot to forget... their memory is that bad
[08:42] {cosmo} take B-12
[08:42] {nemo} sounds like an AFLAC commercial
[08:42] {brian3579} gm all
[08:43] {cosmo} the whole day can be that way nemo
[08:43] {cosmo} esp on fri...
[08:43] {nemo} oh yeah, today's friday
[08:43] {cosmo} fish day...
[08:43] {nemo} catholic cosmo
[08:43] {magoo} wheres the RIMM bounce vad? or lower first?
[08:44] {cosmo} gave it up for Lent...
[08:44] {cosmo} 40 years ago
[08:44] {nemo} I gave it up after confirmation
[08:44] {cosmo} ah ... too late
[08:44] {nemo} had no choice
[08:45] {nemo} pagan now
[08:45] {cosmo} First Pagan here
[08:45] {cosmo} Pagan
[08:45] {Raven} I like fish
[08:45] {cosmo} sigh
[08:45] {nemo} sacrifices are fun...use hydrogen peroxide to get the blood out
[08:45] {Raven} :)
[08:47] {Threei} brian, raven :)
[08:47] {Threei} idea for now
[08:47] {nemo} A hearty good morning to you vad, hope you slept well!
[08:48] {Threei} {--- crying
[08:48] {nemo} I'm touched
[08:48] {magoo} ok..lets keep 1 eye on it tho..could be pts one way or other
[08:48] {Threei} (US) President Obama: Confirms that US, UK and France have evidence of secret Iranian nuclear program
[08:48] {Threei} - Expects IAEA to immediately investigate and inspect the newly reveiled Iranian uranium enrichment program (in line with earlier leaks)
[08:48] {Threei} - Reiterates that the US remains committed to engagement with Iran.
[08:48] {Threei} - Note that news of the secret Iranian nuclear program has been very widely reported this morning. Earlier in the session, a US Official said the US would demand Iran allow immediate international inspection of second nuclear facility.
[08:48] {nemo} rimm hasn't broken the bollinger average yet
[09:00] {Threei} Fed Chairman Bernanke: There is ongoing need for TALF
[09:00] {nemo} makes you RALF
[09:02] {larisa} gm :)
[09:02] {nemo} hello lari!
[09:02] {Threei} larisa :)
[09:02] {larisa} nemo, vad :)
[09:02] {nemo} you like Allman brothers lari?
[09:03] {lasertrev} morning
[09:03] {Threei} trev :)
[09:03] {nemo} lt :)
[09:05] {larisa} do not know them, nemo, sorry. why?
[09:05] {nemo} they have a song called "Sweet Melissa" rhymes with Larisa :)
[09:06] {larisa} southern accent is funny, i do not understand a word :)
[09:06] {nemo} you don't hear it in the song
[09:06] {Raven} lol ... I agree larisa
[09:07] {Raven} yallllll
[09:07] {nemo} Yeah, I used to live in South Carolina...sometimes I was at a total loss
[09:07] {nemo} Then again, some parts of Boston, I'm at a total loss
[09:07] {Raven} lol
[09:07] {larisa} just imagine me, i am in US for 15 years only :)
[09:08] {Threei} explains wgy I don't understand what's going in the USA... it's all to the south of where I live
[09:08] {Raven} sigh
[09:08] {larisa} lol
[09:09] {Threei} there was period in Soviet Union when speeches by laders were impossible to understand... all words were familiar, and grammar was right, but meaning was somehow disappearing as they spoke
[09:10] {Threei} you'd feel you lose focus in like 45 seconds after they started
[09:10] {Threei} nice generalities with zero substance,
[09:10] {Threei} intended to create this air of seeminggly substantial,
[09:11] {Threei} but in fact absolutely empty officially sounding delivery
[09:11] {larisa} I was komsomol leader in my school, I had to write those speaches once a year for manadatory meeting. Nightmare :)
[09:11] {Threei} :)
[09:11] {larisa} even harder than reading them :)
[09:12] {Threei} major thing was not to say anything contradictionary
[09:12] {Threei} anything outside of the official party line
[09:12] {nemo} huh?
[09:12] {nemo} contradictionary
[09:12] {nemo} ?
[09:13] {Threei} that's the feeling I am getting hearing a lot of what is said in USA these days
[09:13] {nemo} that's a good one
[09:13] {nemo} absolutely
[09:13] {Threei} anyone saw yesterday's episode in hearings on health care in senate committee?
[09:14] {Threei} when the chairman interruoted a senatort trying to say something
[09:14] {Threei} this was absolutely out of Communist party meeting
[09:17] {Threei} look
[09:17] {Threei}
[09:18] {Threei} wait, not sure it's a right one
[09:18] {Threei} yes, it is
[09:19] {Threei} around 1:30
[09:19] {Threei} to 1:50
[09:20] {Threei} only Kyle got to finish his speech here wgile in USSR they'd finish Kyle
[09:25] {Threei} RIMM has so much air under it on daily, it's almost scary
[09:26] {Threei} watching LVS
[09:27] {dptl} good morning all
[09:27] {Threei} dp :)
[09:27] {Threei} .90 is short trigger,
[09:27] {Threei} morning volatility at the ope is a concern,
[09:27] {nemo} yeah, sitting on a pillow
[09:27] {Threei} but if we get lucky to get a narrow range consolidation for a few minutes and then breakdown, should be a good short
[09:28] {nemo} aig made beautiful bottom this morning
[09:28] {cosmo} UCBI
[09:28] {ese} morning ....just about slept in
[09:28] {Threei} ese :)
[09:28] {magoo} AIG..unless 39 coming
[09:29] {cosmo} UCBI announces offering...
[09:29] {cosmo} pre mkt always over reacts...
[09:29] {Threei} UCBI Prices 38.7M share offering at $5.00/share (78.5% of shares outstanding)
[09:29] {Threei} - The over allotment option is for an added 5.8M shares.
[09:30] {cosmo} 5.05 hod
[09:30] {cosmo} so far
[09:30] {nemo} laser froze
[09:30] {larisa} not here
[09:30] {magoo} always at open
[09:31] {nemo} not like this
[09:31] {Threei} reload server if it happens
[09:31] {nemo} I did
[09:31] {nemo} just now
[09:32] {Threei} Short Setup: LVS .90 break
[09:33] {nemo} in
[09:33] {Threei} stop 17.05 for scalpers,
[09:33] {Threei} above 17.10 for day traders
[09:34] {Threei} no worky
[09:34] {fernp} no go
[09:39] {nemo} wow, lvs
[09:41] {Threei} AONE...
[09:41] {Threei} momo candidate again
[09:42] {fernp} JBLU 6.30 break?
[09:43] {Threei} hard to tell
[09:44] {ese} L drys .30
[09:44] {Threei} UAUA a lot of strength
[09:45] {Threei} JBLU is a bit too narrow
[09:46] {Threei} what's with LUNA?
[09:46] {Threei} no news that I see
[09:46] {ese} out drys .37
[09:46] {dino} cprt hl l .02 stop .72
[09:46] {ese} that was 30k
[09:47] {Threei} LVS
[09:47] {Threei} let's see if there is double top
[09:47] {Threei} .60 breakdown short
[09:47] {Threei} stop would have to be above .80 so size it accordingly
[09:48] {Threei} Preview: Sept Final University of Michigan Confidence due out at 9:55amET
[09:48] {Threei} **consensus expectation: 70.5e v 70.2 prior (estimates range between 67-72)
[09:48] {Threei} Preview: Aug New Home Sales due out at 10amET
[09:48] {Threei} **consensus expectations: 440Ke v 433K prior (estimates range bewteen 420K-500K).
[09:48] {Threei} wow LUNA
[09:48] {Threei} wth
[09:50] {larisa}
[09:50] {dino} cmtl gap fillcprt stopped
[09:50] {Threei} ty larisa
[09:50] {Threei} LVS, cover half or take scalp here
[09:51] {Threei} came into lower BB
[09:51] {tomg} out .45, ty vad
[09:52] {dawg} ty Vad
[09:52] {Threei} 1:1 with LVS today, lol
[09:52] {Threei} we beat it up badly yesterday so it tries revenge
[09:52] {dino} mos sm l .00. stop .69
[09:54] {Threei} who chose to partial, play it by the book
[09:54] {Threei} stop to above .60
[09:55] {Threei} seriously?
[09:55] {nemo} herd
[09:55] {Threei} oh great, now LUNA hits wire
[09:55] {Threei} LUNA Reaches agreement with regards to settlement with Hansen Medical to lower verdict amount - Roanoke Times
[09:55] {Threei} - Note: on 4/22 Jury awarded Hansen $36M verdict
[09:55] {Threei} - LUNA COO commented that this agreement help... (2.71, +1.59, 141.96%) more... (related HNSN )
[09:55] {Threei} thanks... a dollar too late though
[09:56] {nemo} quote server vad
[09:56] {Threei} 11
[09:56] {Threei} as if it matters
[09:56] {Threei} justy switch
[09:56] {dino} markets don't know which way to go
[09:56] {Threei} IMO... this market bounce is entirely due to michigan numbers
[09:56] {nemo} $ falling
[09:57] {Threei} and should be faded,
[09:57] {Threei} the only xoncern is another set of umbers in 3 min
[09:57] {Threei} let's wait it out
[09:57] {nemo} $ fall has been positive for markets
[09:58] {Threei} if numbers are bad and market reverses down, LVS nearest resistance is still .80
[09:58] {Threei} if they are good and market jumps, break of .80 is ling
[09:58] {Threei} long
[09:58] {Threei} as much as it pains me to say so
[09:59] {dino} always is nemo
[10:00] {Threei} *AUG NEW HOME SALES: 429K V 440KE (% M/M)
[10:00] {Threei} prior revised from 433K to 426K.
[10:01] {Threei} somewhat muted reaction
[10:01] {Threei} [09:56] {dino} markets don't know which way to go
[10:01] {Threei} [09:56] {Threei} IMO... this market bounce is entirely
[10:01] {Threei} what dino said
[10:02] {nemo} 09:59] {dino} always is nemo
[10:03] {Threei} Long Setup: LVS .80 break
[10:03] {Threei} if stays above .70
[10:03] {dino} everybody expects down, w/-3.5% since wed., i vote up
[10:08] {ese} uncertainty means down in my books
[10:08] {nemo} $ down I vote up
[10:09] {ese} just for today nemo? If thats the case it may go general it has to come down sometime
[10:10] {dino} thing is we are -3.5%; last 3 months thats about all itb took
[10:11] {dino} perhaps the markets over reacted too the downside by say 20% too much
[10:12] {Threei} who wants scary play?
[10:12] {magoo} any read AIG vad?
[10:12] {Threei} lol
[10:12] {Threei} AIG
[10:12] {Threei} .50 break
[10:12] {Threei} long
[10:12] {Threei} scary as hell
[10:13] {Threei} and mags, stop looking over my shoulder
[10:13] {Threei} desirably if holds .30
[10:13] {Threei} yeah, like this
[10:13] {Threei} so we have more or less decent stop
[10:14] {ese} i'm game for a grand 1k
[10:15] {Threei} LVS, either you are out at 1:1
[10:15] {Threei} or if for some unknown reasion you decided to go for mor, keep stop under .75
[10:16] {Threei} AIG... so far so fgood
[10:16] {ese} in
[10:16] {Threei} 1:1 in a matter of seconds
[10:16] {Threei} 1:2
[10:16] {tomg} ty vad, out .8
[10:17] {ese} in.56 out .85
[10:17] {Threei} :)
[10:17] {magoo} OUT .81
[10:17] {magoo} ty
[10:17] {ese} wow
[10:17] {ese} +.29
[10:18] {ese} Vad the thrill ride seeker.......pheeeeeeeeew
[10:18] {Threei} lol
[10:18] {ese} tks by the way
[10:18] {Threei} sure thing
[10:18] {nemo} yeah, that support @ .30 was more imaginary
[10:18] {nemo} :)
[10:18] {Threei} hmm?
[10:18] {Threei} how do you figure?
[10:19] {nemo} so short time
[10:19] {Threei} this is AIG we are talking about
[10:19] {Threei} its long time is 3 minutes
[10:19] {nemo} Yeah
[10:19] {nemo} sounds like my...nevermind
[10:20] {Threei} hmm?LVS is at 1:1 again
[10:20] {Threei} what the
[10:20] {Threei} let me try again
[10:20] {Threei} LVS is at 1:1 again
[10:20] {Threei} we are 3 for 4 so far
[10:21] {Threei} but trading feels a bit like juggling the torches this morning
[10:21] {nemo} torch on one end, razor blades on the other
[10:21] {ese} forget torches.....broken glass
[10:22] {ese} ya what nemo said
[10:22] {Threei} OK, those who for some unknown reason thought LVS would be good for more have 1:2 here
[10:22] {nemo} dude
[10:22] {Threei} take your profit and never admit you really held it
[10:22] {fernp} lol
[10:23] {Threei} RIMM...
[10:23] {Threei} I feel the urge to start hunting for bounce..
[10:23] {Threei} Long Setup: RIMM .55 break
[10:23] {Threei} for those who feel adventurous only
[10:23] {Threei} if holding above .35 - .40 zone
[10:26] {Threei} G-20 Communique: To support phase out of fossil fuel subsidies over medium term
[10:26] {Threei} - Note: yesterday details leaked detailing such measures
[10:27] {Threei} now RIMM... let's hold .50 and break .70
[10:27] {Threei} and you should be off to races
[10:29] {fernp} .35 stop?
[10:29] {Threei} just under
[10:30] {Threei} let's trail it to under .40 now
[10:30] {magoo} AIG read vad?
[10:31] {Threei} none here
[10:32] {Threei} ok RIMM... not ready yet
[10:32] {fernp} stopped
[10:33] {nemo} $ strengthening
[10:37] {fernp} LVS short .59?
[10:37] {nemo} was thinking that myself
[10:37] {Threei} yes
[10:38] {nemo} rimm volume
[10:39] {fernp} stop Vad?
[10:39] {Threei} unfortunately still above .80
[10:39] {ese} the rimm tank is interesting
[10:39] {ese} dino? a play here
[10:40] {Threei} the only interim resistance LVS formed in this range is .75, and it's fairly weak one
[10:43] {nemo} yep...rimm bounced
[10:44] {ese} my goodness,,,,rimm....outperform price $85...sell hold price 60...BofA price target $100...Goldman from neutral to buy price $75.....for crying out loud
[10:44] {ese} poor buggars who pay attention to this crap
[10:44] {nemo} well, RIMM might be upod'ing it
[10:45] {dino} dk es on rimm, wanted 66-68
[10:45] {ese} L rimm .54
[10:46] {ese} out rimm .74
[10:46] {ese} +.20
[10:47] {dino} amn interesting, but thin -18 pts in 5 days
[10:47] {ese} gotta take a look
[10:48] {ese} really thin...wouldn't know what to do with that
[10:48] {dino} 300 sh. look for points
[10:48] {dino} 70 should be support
[10:51] {fernp} stopped LVS
[10:51] {Threei} yeah, thing won't cooperate
[10:51] {Threei} sheesh
[10:52] {Threei} RU) Russian Official: A concerned regarding reports of new Iranaian atomic facility
[10:52] {Threei} - States that Pres Medvedev will be making official comments later
[10:54] {ese} you may get your 66 to 68 with rimm yet dino
[10:54] {Threei} I am not delighted with the way today's trading goes
[10:54] {Threei} no defined direction and too many shakeouts
[10:54] {ese} yup
[10:55] {dino} may be a sit and watch day
[10:56] {ese} all my indicators are showing down vad.......overbought etc etc etc
[10:56] {dino} rimm issues, 66 then 50 gap
[10:57] {ese} or at the very very least stagnate in the same place for a long while
[10:58] {Threei} Short Setup: HIG into bounce closer to .20
[10:58] {ese} ya dino....thats a biggie from 50 to 60
[10:58] {Threei} if stays below .25
[11:00] {Threei} in
[11:00] {Threei} die HIG
[11:01] {ese} missed it
[11:02] {Threei} .10 is actual trigger
[11:02] {Threei} I am just trying to minimize risk
[11:02] {Threei} considering all the shakouts
[11:05] {Threei} here we go again
[11:05] {fernp} .26 stop no?
[11:05] {nemo} Groundhog day
[11:05] {Threei} yes
[11:05] {fernp} out
[11:06] {Threei} GAME IPO opens for trading at $12.50 (12.50, 0.00, 0.00%) (related SNDA )
[11:06] {dino} snda -8 in 3 days
[11:07] {Threei} .35 break for GAME
[11:07] {Threei} gambling more than trading
[11:08] {nemo} bad day for an ipo
[11:08] {Threei} nah, it's not AONE
[11:08] {Threei} look at HIG
[11:08] {Threei} pure shakeout
[11:08] {nemo} LVS
[11:09] {fernp} incredible HIG
[11:10] {Threei} same LVS
[11:12] {Threei} that's rude... did everything rifght on HIG as far as trade struicture goes, and still it found tghe way to fool us, lol
[11:24] {ese} l rimm .24
[11:26] {ese} daaaaaaa.......what do you all normally kick it with
[11:26] {nemo} Vad hasn't used the steel toe boots in a while
[11:26] {nemo} or the army boots
[11:26] {nemo} I think he's using his Birkenstocks
[11:26] {Threei} I am trying to become a gentlier kinder version of myself
[11:26] {nemo} hurts doesn't it
[11:26] {Threei} very much
[11:27] {nemo} It's like asking a scorpion to become a frog
[11:28] {dino} or a frog a gorf
[11:28] {larisa} frog is kind? just ask mosquitoes
[11:29] {nemo} it's all relative
[11:29] {Threei} mosquitos are kind} just ask any resident of Winnipeg
[11:29] {larisa} lol
[11:29] {nemo} or Siberia
[11:29] {Threei} redundant
[11:31] {Threei} PALM Ticks higher as analyst commentary from overnight circulates discounting the reports that Verizon may have decided not to support the Palm Pre smartphone (16.57, +0.41, 2.54%) (related VZ )
[11:32] {nemo} so official rumor
[11:32] {Threei} analyst commentary... heh
[11:32] {nemo} yeah
[11:34] {Threei} GAME is trying to become a game
[11:34] {nemo} bored, huh?
[11:34] {nemo} lvs forming triangle
[11:34] {Threei} US House Passes 'stopgap' spending legislation to provide Govt operations through to Oct 31;
[11:36] {Threei} Senate now has to vote before Oct 1 to avoid shutdown of Govt
[11:36] {nemo} wow, what drama
[11:36] {Threei} shutdown of Govt eh?
[11:37] {nemo} right (said cynically)
[11:38] {fernp} BAC lod breakdown?
[11:39] {Threei} chart looks right... the questuion is,
[11:39] {Threei} how many right looking charts worked today?
[11:39] {Threei} pretty much 50/50
[11:41] {Threei} I'd skip it fern
[11:41] {Threei} can't see it any other than random
[11:41] {fernp} yes. I am agree
[11:44] {nemo} volume spikes aig
[11:47] {cosmo} ucbi
[11:48] {cosmo} 5 test maybe
[11:50] {cosmo} 4.8 = good bottom
[11:50] {cosmo} i think
[11:51] {Threei} IA) China comments that is hoping the IAEA deals with Iran within its 'mandate'
[11:51] {Threei} what does it mean?
[11:51] {Threei} I am not very good at Chinese obviously
[11:52] {dino} it means 10 minutes and takeout will be ready
[11:52] {nemo} shirtee
[11:53] {patience} that's because they are on the phone ordering their new bmw
[11:53] {patience} i need to buy some yuan
[11:56] {Threei} Long Setup: GAME 12 break
[11:56] {Threei} if stays abpve 11.90
[11:58] {Threei} modification
[11:58] {Threei} .80 break
[11:58] {Threei} if stays above .70
[11:58] {cosmo} game over?
[11:59] {Threei} that one yes... new one begins
[11:59] {nemo} good one cos
[11:59] {cosmo} not my fault
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 425M shares, about 8% below its three-month average; decliners lead advancers by 1.6:1.
[12:00] {Threei} - NASDAQ volume 1.05B shares, about 5% above its three-month average; decliners lead advancers by 1.5:1
[12:00] {Threei} - VIX index +3.5% to just under 26.00
[12:02] {nemo} game break of .90 stop .80
[12:02] {nemo} ?
[12:03] {Threei} hard to tell.. this method of bttom hunting is a bit different
[12:03] {Threei} it was .70 if holding .60
[12:03] {Threei} each next reange as it moves down is its own play
[12:16] {fernp} BAC reached 1:1 (virtual)
[12:18] {dino} stec going for gap fill from close
[12:25] {dino} rimm lod
[12:35] {nemo} nice range in aig
[12:38] {Threei} lol
[12:38] {nemo} what?
[12:38] {Threei} just when I started typing breakout alert
[12:38] {Threei} thing popped up
[12:40] {nemo} lvs heading for lod
[12:40] {nemo} eh...yesterday's close that is
[12:40] {dino} nvec
[12:41] {nemo} thin
[12:50] {Threei} AIG
[12:50] {Threei} pulled back almost into .50 support
[12:51] {Threei} should be bounce-worthy for a scalp soon
[12:51] {nemo} funny, today I would have looked at the break out to .95 as a pullback in the down trend :)
[12:52] {Threei} .60 break if stays above .50
[12:52] {ese} hey your estimation...what are the chances that rimm will fill the gap up first before 15 min chart has a gap between 74 and 71.50....i'm long small 1k ...i'm thinkin that will happen first
[12:54] {ese} short covering rally
[12:54] {Threei} market feels like bounce is coming
[12:55] {ese} i'm gettin that sense......just checkin
[12:58] {nemo} Mmmmmmmhhh....maybe I'll start drinking again
[12:59] {dino} es, that gap in week or two imo
[13:00] {Threei} nnedless to say, AIG is invalidated
[13:03] {dino} cog
[13:04] {ese} tks
[13:05] {Threei} GAME formed pronounced range
[13:05] {Threei} .80 - .90
[13:06] {Threei} worth a try now
[13:06] {Threei} .90 break
[13:08] {nemo} aig spike
[13:09] {nemo} volume that is
[13:11] {Threei} AIG is pretty much random here
[13:11] {Threei} I'd leave it alone
[13:12] {Threei} short on 43.50 breakdown was pretty much the only sensible play after it failed to trigger long
[13:12] {magoo} COG vad, look
[13:13] {Threei} you saw its news?
[13:13] {Threei} Cabot Oil & Gas Corporation DEP Orders Cabot Oil and Gas to Cease All Gas Well Fracking in Susquehanna County
[13:13] {Threei} - DEP Director: "The department took this action because of our concern about Cabot''s current fracking process and to ensure that the environment in Susquehanna County is properly protected,"
[13:13] {Threei} - Cabot voluntarily shut down fracking operations at the Heitsman well in Dimock Township on Tuesday afternoon following three separate spills there in less than one week. The company is currently drilling seven new wells in the county that will require fracking.
[13:13] {Threei} their fracking is seriously wrong
[13:14] {larisa} :)
[13:15] {magoo} we live there
[13:15] {magoo} no kidding
[13:15] {Threei} uh oh
[13:15] {Threei} Fed's Warsh: Reiterates that Fed may need to roll back extraordinary policies sooner than expected
[13:15] {Threei} this is not what market wants to hear
[13:16] {Threei} - the natural unwinding of the Fed's facilities have been largely successful
[13:16] {Threei} "natural unwinding" = we run out of money?
[13:16] {nemo} yeah what's "natural" about this
[13:16] {_aardvark} there goes cog. nice magoo
[13:18] {nemo} great we've got an anteater
[13:19] {Threei} why are you, the fish, is concerned?
[13:20] {Threei} without "is"
[13:20] {nemo} I'm a lungfish
[13:20] {nemo} competition for food
[13:22] {_aardvark} profit is food.
[13:22] {Threei} fern
[13:22] {nemo} an optarygian ganoid to be precise
[13:22] {Threei} are you as dusgusted with LVS shakeout as I am?
[13:22] {_aardvark} LOL!
[13:23] {nemo} guess that makes me a bit of an atavist
[13:25] {Threei} anyone got any idea which language yhat is?
[13:27] {Threei} btw, speaking of aardvarks...
[13:27] {Threei} lordy, you look weird... {G}
[13:27] {nemo} face only a blind mother could love
[13:28] {nemo} here's your short covering
[13:28] {nemo} rimm didn't get the memo
[13:29] {nemo} mmmmhhhh...maybe it did
[13:45] {magoo} vad..diop buyers..bulls ,..whatever..gonna ram us up??
[13:45] {Threei} that's my feeling
[13:46] {Threei} look at NASDAQ or DOW daily
[13:46] {Threei} we are at precise point where natural bounce should come
[13:46] {Threei} whether it's just a pullback before rally resumption or unsuccessful bounce,
[13:46] {Threei} hey should try here
[13:47] {Threei} maybe today, maybe on Monday
[13:47] {Threei} but intraday looks ready
[13:48] {Threei} Fed's Bullard: Risk to be trapped at low rates is 'real'; may see additional shocks with rates at current levels
[13:48] {Threei} - notes should consider rules that regulate quantitative easing policies
[13:54] {Threei} Long Setup: GAME .66
[13:54] {Threei} stop/invalidating level is self-explanatory I think
[13:54] {Threei} for both scalp and trade
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 635M shares, about 2% below its three-month average; decliners lead advancers by 1.7:1.
[14:00] {Threei} - NASDAQ volume 1.53B shares, about 8% above its three-month average; decliners lead advancers by 1.6:1
[14:00] {Threei} - VIX index +2.35% to just over 25.50
[14:00] {Threei} wake up GAME
[14:00] {Threei} smell the market
[14:00] {Threei} coffee
[14:00] {Threei} roses
[14:00] {Threei} whatever
[14:01] {Threei} scalpers have 1:1
[14:02] {Threei} (IA) Iran Pres Ahmadinejad: UK, US, and France will 'regret' Friday's statements about the nuclear facility
[14:02] {Threei} my ability to understand written word is way down today
[14:02] {nemo} Iran knows the west is full of it
[14:03] {larisa} may be it is a chicken farm :)
[14:04] {Threei} - Ahmadinejad says the recent publicity about the facility was a mistake, facility was not a secret
[14:04] {KSystems} He
06[14:07] * Threei slaps KSystems around a bit with a large spare battery for the server
06[14:08] * Threei slaps KSystems around a bit with a large spare humster wheel and two hamsters to run the server
[14:08] {dptl} lol
[14:09] {KSystems} :)
[14:12] {fernp} I am very disgusted with LVS and with BAC, both worked without me
[14:12] {fernp} especially with LVS, I'm not used to take 20 cents stops
[14:13] {Threei} yeah
[14:13] {Threei} shaky today
[14:16] {Threei} CDC Director: H1N1 is 'spreading widely' in the US; Swine flu is not mutating, so vaccines can be effective (related SWINEX BCRX NVAX GILD ROG.SZ )
[14:16] {fernp} uhmmmm, RIMM stop also cost me 20 cents... that explains my P/L... lol
[14:17] {nemo} you mean your "L"?
[14:18] {nemo} Hah! Gamestop
[14:18] {Threei} say what?
[14:19] {Threei} GAME hit 1:1 like 30 min ago
[14:19] {fernp} bad day today, but good week
[14:19] {nemo} well GAME stopped and Gamestop is the name of the chain
[14:19] {nemo} friday sense of humor
[14:19] {nemo} or lack thereof
[14:20] {Threei} yeah
[14:20] {Threei} the latter foer sure
[14:22] {dptl} lol......spare humster wheel and two hamsters to run the server....just too to picture that
[14:22] {Threei} lol
[14:22] {Threei} that wasthe reason of yesterday's outage I am sure
[14:22] {Threei} hamsters ruan out of food
[14:22] {nemo} well, you'd have to send a turbine or generator also
[14:22] {dptl} lol
[14:24] {nemo} low volumes
[14:28] {Threei} NVS FDA reportedly reviewing adverse event information with regards to Exjade drug; have to determine whether older patients are at risk
[14:28] {Threei} - Working with company to determine whether any labeling must be revised (48.93, +0.16, 0.33%)
[14:40] {Threei} really bounce time
[14:40] {magoo} any read LVS ?
[14:41] {Threei} .55 long if holding .45
[14:42] {Threei} G20: Tobin tax (tax on stock transactions) was discussed at meeting; but will not be implemented
[14:42] {Threei} - Note: Merkel commented earlier that G20 was asking the IMF to suggest ways to pay for crisis; including a tax on financial transactions
[14:42] {Threei} nemo, happy now?
[14:43] {nemo} read my mind
[14:48] {Threei} if you don't hear from me for a week, you know why
[14:48] {nemo} why, because you read my mind?
[14:49] {Threei} what do you think, it's a small shock?
[14:49] {nemo} rimm break of .85 stop under .70?
[14:49] {nemo} .80 for scalpers?
[14:49] {Threei} no
[14:49] {Threei} wait a bit
[14:50] {nemo} read my mind now :)
[14:50] {Threei} structure is right but market is wrong
[14:50] {Threei} if this drop doesn't impact RIMM, then this setup witll be reinfirced
[14:50] {Threei} so far so good, now catch it on a slight pullback
[14:51] {Threei} its natural vilatility should give one
[14:51] {nemo} hehehehehe
[14:51] {Threei} keep finger on a trigfger instead of typing your hehes
[14:51] {nemo} stocks are so rude today
[14:52] {Threei} pyt in limit lbetween .85 and .90
[14:52] {nemo} lvs breaking
[14:53] {Threei} here it comes
[14:53] {magoo} in in in
[14:53] {Threei} ugh too fast
[14:53] {Threei} barely touched .89
[14:53] {nemo} yeah had order at .87
[14:54] {dino} sm l amn .76
[14:55] {Threei} all this starts looking like we may finish in green
[14:56] {Threei} well, not an option for RIMM
[14:56] {Threei} but market overall, easy
[14:56] {Threei} AIG wants to break 44 and run
[14:56] {nemo} aig on 5 minute looks great
[14:56] {Threei} here comes RIMM
[14:57] {Threei} green
[14:58] {dino} ok sell it off cramer preaching rally
[14:58] {Threei} argh
[14:58] {Threei} got RIMM this time nemo?
[14:58] {nemo} no
[14:58] {Threei} sheesh
[14:58] {Threei} what are you doling
[14:58] {Threei} easy drop under .90
[14:58] {Threei} was right there for you
[14:59] {Threei} and I evcen alerted
[14:59] {nemo} yeah, that's your fast momo play, I can't time those for manure
[14:59] {dino} 2:07 says "bear attack at 3:00"; 2:44 says "bulls can blitz last half hour"
[14:59] {Threei} no need to time it
[14:59] {Threei} .85 - .90 range was for entry
[14:59] {Threei} it drops there, you take it
[14:59] {Threei} it's support from that same break
[15:00] {nemo} are you out @ .90?
[15:00] {Threei} why .90?
[15:00] {nemo} 69 that is
[15:00] {Threei} yes
[15:00] {Threei} .99 to be exact
[15:01] {Threei} here comes AIG pullback
[15:01] {Threei} .80 break long
[15:01] {nemo} market too
[15:01] {Threei} if holding .65 - .70
[15:15] {dptl} .
[15:15] {Threei} GAME CEO: Declines comments on stock price behavior; pleased with IPO; have 24 games in pipeline (11.27, 0.00, 0.00%) (related SNDA )
[15:16] {dino} bank preferreds jumping
[15:17] {dino} see, sell cramer
[15:17] {Threei} he killed our rally
[15:17] {dino} there must be a group that does that
[15:18] {magoo} im gonna kill him
[15:22] {Threei} market's overcoming Cramer
[15:25] {magoo} last 30 minutes..ram or rip..dunno
[15:25] {nemo} flat
[15:26] {Threei} AIG wants up badly
[15:26] {Threei} resists market now
[15:27] {magoo} i wish..been suffering in it all day
[15:27] {Threei} 1:1
[15:27] {Threei} 1:2
[15:28] {Threei} hey, this day is almost repaired
[15:28] {Threei} between RIMM and AIG trades, slighly green
[15:29] {Threei} ugh, sold too soon
[15:29] {magoo} u forget all my individual bad trades
[15:29] {Threei} I can't forget what I don't know...
[15:29] {Threei} and forgive me for not including them in my calls record? :)
[15:30] {nemo} cu later
[15:30] {magoo} wish i could forget them
[15:30] {dptl} ok....have a good weekend all......see ya monday
[15:30] {Threei} take care nemo, dp
[15:30] {Threei} mags... you are making one mistake these days
06[15:30] * dptl slaps nemo around a bit with a large trout
[15:30] {Threei} you had a great run over last couple months,
[15:30] {dptl} :)
[15:31] {Threei} then market changed but oyu continue pushing as before
[15:31] {Threei} gota stay sensitive to changes'
[15:31] {Threei} great winning streaks end
[15:31] {Threei} as you wxperience one, you have to be acutely aware of that
[15:31] {magoo} absolutely agree
[15:31] {Threei} and listen carefully for the signs of end
[15:32] {Threei} and back away fast
[15:32] {Threei} return to normal careful conservative trading
[15:32] {dino} you are right vad
[15:32] {Threei} this is exactly how huge winners of tech run gave back all they made aand then some,
[15:32] {Threei} then all those oil winners
[15:33] {Threei} real estate winners
[15:33] {Threei} it's all about bubbles
[15:33] {Threei} be in aggressively when bubble grows
[15:33] {Threei} get out beofre it bursts
[15:33] {Threei} just like Greenspan did
[15:34] {Threei} now Ben tries to fix it
[15:34] {Threei} and Alan laughs
[15:35] {Threei} remember mags, couple weeks ago you said, while describing your aggressive plays
[15:35] {Threei} "making as much as I can while I can"
[15:35] {Threei} or something to that effect
[15:35] {Threei} "while I can" part assumed it was temporary conditions
[15:35] {Threei} momo
[15:35] {Threei} well, it's over
[15:35] {Threei} at least for now
[15:37] {magoo} cramer now says bullds start 3 40
[15:37] {Threei} in 3 minutes then
[15:37] {Threei} funny thing is, chart looks exactly like that
[15:37] {dino} wow snda 60-49; pwrd 50-43 in 2 days
[15:37] {Threei} so let's see if Cramer jinxed it
[15:38] {dino} scanner is just popping out bank preferreds
[15:39] {dino} all jumping 2 bucks +
[15:39] {magoo} he killed it it seems
[15:40] {Threei} Market Internals update at 3:30pmET
[15:40] {Threei} - NYSE volume 815M shares, about 4% below its three-month average; decliners lead advancers by 1.6:1.
[15:40] {Threei} - NASDAQ volume 1.93B shares, about 6% above its three-month average; decliners lead advancers by 1.6:1
[15:40] {Threei} - VIX index +0.75% to just over 25.00
[15:42] {Threei} lol, line on TV:
[15:42] {Threei} Twitter says company raised susbtantial amount of money to fund its operations while management figures out how to make money from the hottest Interenet company
[15:43] {Threei} they went into it with no clear idea how to monetize it?
[15:43] {dino} lol, sort of like my beer drinking
[15:44] {Threei} hmmm... I don'treally get the analogy but I like it
[15:44] {dino} still tryong to figure out how to profit on it
[15:44] {Threei} lol
[15:50] {Threei} AIG was worth another try
[15:50] {Threei} I hesitated
[15:51] {Threei} didn't want to press it so close to eod, while just making the day barely positive
[15:53] {fernp} have a good weekend everybody. see u all on Monday
[15:53] {dino} out amn .64, +.82
[15:53] {dino} u2
[15:53] {Threei} take care fern
[15:54] {Threei} ugh
[15:54] {Threei} had this strong feeling 44.50 was a target
[15:58] {Threei} okay guys
[15:58] {Threei} thank you all
[15:58] {Threei} have a great weekend
[15:58] {Threei} see you all on Monday
[15:58] {lasertrev} take care
[16:00] {dino} later all