Friday, October 16, 2009

Fri Oct 16 2009

Not overly active but solidly profitable day. A lot of setups got invalidated before they ever triggered - frequent occurrence when the market changes its tune.

Session Time: Fri Oct 16 00:00:00 2009

[07:59] {magoo} mornink comrades
[07:59] {strider} morning magoo
[07:59] {strider} Can you answer a laser question for me?
[08:02] {nemo} mags :)
[08:02] {nemo} dp, fern :)
[08:02] {magoo} ill tryt
[08:02] {strider} I'm trying to find where you can adjust the up/down arrows beside price in LVL II. I set them to move by 1/10th cent, and want to change back to 1 cent, but can't find where to do it. I assume it's somewhere in Trade Settings.
[08:08] {nemo} Strider, put mouse arrow over levelII. Right click. On menu, look for keystroke tab.
[08:08] {strider} k
[08:11] {nemo} mags, dcc
[08:11] {magoo} sorry was on call
[08:11] {strider} thanks, magoo.
[08:12] {magoo} did nemo help u?
[08:12] {strider} with what?
[08:12] {nemo} read the scroll strider
[08:12] {strider} Oh. that was nemo. :)
[08:12] {strider} thanks, nemo.
[08:13] {nemo} You make me feel better about myself
[08:13] {strider} fooey on you, magoo. :)
[08:13] {strider} It takes so little to make you happy, nemo.
[08:13] {nemo} I'm a simple fellow with complex issues
[08:14] {magoo} why u need email nemo
[08:14] {nemo} something funny
[08:22] {Threei} let's start the day on a good note:
[08:22] {Threei} FDIC's Bair: Liquidity crisis appears to be over - TV interview
[08:22] {nemo} yeah...printing presses solved that
[08:27] {Threei} guys, have a look at latest addition to
[08:28] {Threei} joke of the day:
[08:28] {Threei} (RU) Russian PM Putin: asked Govt to evalute pros and cons of Rouble appreciation
[08:28] {Threei} - No grounds for sharp rouble swings and devaluation
[08:28] {Threei} asked govt?
[08:29] {Threei} rather: OK, here is what you do
[08:29] {nemo} Looks good for the minions
[08:29] {Threei} sounds like preparation for peg, doesn't it?
[08:29] {strider} Vad, you've been hanging out with some slimey characters.......
[08:30] {nemo} it mooned you
[08:30] {Threei} amazing thing is, they do tolerate my company, strider
[08:30] {strider} They reall suck up to you, though.
[08:30] {strider} really
[08:30] {nemo} wow....his sense of humor is more corny than mine
[08:31] {strider} when in Rome......
[08:31] {nemo} er....don't be a Christian?
[08:32] {strider} That first shot under "past curfew" is really something.
[08:32] {magoo} vad..IBM bounce candidate??
[08:33] {Threei} ty, one of my favs too
[08:33] {Threei} at some point...
[08:33] {Threei} IBM can be surprizingly volatile sometimes
[08:34] {magoo} from what 8i find..IBM wasnt bad report either
[08:34] {Threei} let me put it this way mags
[08:34] {magoo} new nickname
[08:34] {Threei} this is not about IBM as such at this point,
[08:34] {magoo} 8i
[08:34] {Threei} lol
[08:35] {Threei} this is about whether market topped out or ready to conrtinue
[08:35] {Threei} if we topped out, bounces is not a prominent idea,
[08:35] {Threei} they'll be mt with hard selling
[08:35] {magoo} yup
[08:35] {Threei} no matter what kind of earnings is announced
[08:36] {Threei} so, insteasd of trying to find the play on these bellweathers
[08:36] {Threei} wich will be the most volatile and most importantly, they'll be first out of the gate to show the direction, so you don't have a leading indicator
[08:37] {Threei} I'd prefer to observe them for now
[08:37] {Threei} and get our trades on second tier stocks
[08:42] {fernp} good morning everybody
[08:42] {Threei} fern :)
[08:42] {Threei} Reportedly, Colombian government considering interventing to halt Peso appreciation
[08:43] {Threei} that's second annoucnement in one day hinting at peg or something along those lines
[08:44] {Threei} General Electric Co CEO: Global environment definately improved in Q3, emerging markets are relatively strong - conf call
[08:44] {Threei} - Leverage continues to decline, now at 5.7x
[08:44] {Threei} - GE Capital is much improved, funding is well ahead of plans, capital ratios are getting stronger.
[08:44] {Threei} - Order cancellations are very low, which is a hopeful sign. Backlog is at a record high.
[08:44] {Threei} - US govt stimulus hasn't really had an impact on us yet
[08:44] {Threei} - Q3 gross margin was 16.3%
[08:45] {Threei} BCON Flywheel Energy Storage Plant Approved for Construction by New York State Public Service Commission
[08:51] {nemo} basically, at this point the indexes have retraced yesterday
[08:52] {Threei} yes
[08:54] {Threei} wow BCON is alive
[08:57] {magoo} TRGT gapper
[08:57] {larisa} gm :)
[08:59] {Threei} larisa :)
[08:59] {nemo} lari :)
[08:59] {larisa} :)
[09:00] {Threei} (US) FDIC's Bair: Would like the FDIC to remain funded by financial industry, avoid funding from US Treasury
[09:13] {ese} good morning
[09:13] {Threei} ese :)
[09:13] {nemo} dude
[09:13] {ese} dude
[09:13] {ese} vad
[09:15] {Threei} - prior Industrial Production revised from 0.8% to 1.2%
[09:15] {lasertrev} gm
[09:15] {Threei} trev :)
[09:15] {strider} morning trev
[09:19] {lasertrev} gm strider
[09:20] {bkhmd} gm all
[09:20] {Threei} bkhmd :)
[09:23] {Threei} General Electric Co CEO: Plans to deal with NBC Universal with or without a partner, evaluating several scenarios for the unit - conf call Q&A
[09:23] {Threei} - Calls Vivendi a great partner
[09:23] {Threei} - Reiterates that NBC strategy may include IPO or partnership
[09:24] {dino} gm all
[09:24] {Threei} dino :)
[09:24] {dino} trgt, interesting, only a phase 2 trial, may pull back
[09:25] {ese} dino
[09:25] {dino} es
[09:26] {dino} intc filled that gap, jpm may too
[09:26] {cosmo} trgt pre mkt high = 25 fyi
[09:27] {dino} ty
[09:27] {dino} hog continues up?
[09:32] {Threei} Long Setup: HIG .80 break if stays above .45
[09:32] {Threei} ugh... late
[09:32] {Threei} back for entry
[09:32] {fernp} .80?
[09:32] {Threei} same setup valid again
[09:32] {Threei} .60, sorry
[09:32] {strider} brak .60?
[09:32] {strider} beak
[09:33] {strider} break
[09:33] {Threei} yeas yes and yes
[09:33] {nemo} put the bottle away
[09:33] {strider} :)
[09:33] {fernp} INTC Vad
[09:33] {Threei} invalidated
[09:34] {cosmo} sppi
[09:35] {cosmo} 4.75 hod
[09:35] {Threei} SPPI Hearing Stansberry makes mildly postive comments on SPPI (likely pre-open) (4.64, +0.24, 5.45%)
[09:37] {cosmo} needs to hold .50
[09:37] {cosmo} imo
[09:37] {strider} teva
[09:37] {nemo} nahhh...can't happen again...trend 5 minute on spy
[09:38] {dino} vmi
[09:39] {Threei} IBM sharp pullback
[09:39] {ese} lean pickens this morning
[09:39] {Threei} one more leg down and will be interesting for bounce
[09:39] {nemo} where's the vix
[09:39] {Threei} around .70
[09:41] {Threei} WFC, if drops quickly into 30 will be a double bottom candidate
[09:41] {dino} vmi getting interesting
[09:42] {Threei} IBM is getting there
[09:43] {Threei} prepare half lot
[09:44] {Threei} .50 recross
[09:44] {Threei} if holding .30
[09:45] {Threei} invalidated
[09:45] {Threei} Long Setup: WFC .20 break
[09:46] {magoo} in'
[09:46] {fernp} stop under .10?
[09:46] {Threei} stop under .10, target is around .40
[09:47] {Threei} 1:1
[09:47] {fernp} i'm out TY
[09:49] {Threei} out .39
[09:50] {fernp} good one
[09:50] {ese} nice one you guys
[09:51] {magoo} waiting .47
[09:51] {ese} that seemed like a good classic setup vad....consolidate a little at .20 then take off
[09:51] {Threei} most importantly, ese,
[09:51] {Threei} it stayed just under .20 while market dropped like a stoone
[09:52] {ese} ahhhhh...gotcha
[09:52] {Threei} so my original idea of catching double bottom on that market pullback got modifiesd
[09:52] {Threei} I mean, market makes a low, WFC does too, both bounce, then market makes new low, thing doesn't pull back anymore
[09:52] {Threei} no brainer
[09:53] {ese} perfect.......will file that one away for sure
[09:54] {fernp} INTC short?
[09:56] {Threei} not sure
[09:57] {fernp} late, shorted .29
[09:57] {ese} michigan confidence report 69 v 73e
[09:58] {fernp} +.07 ty
[09:58] {Threei} lol
[09:58] {ese} can't type fast enough.....can't beat ya vad
[09:58] {Threei} I don't type... I copy/paste :)
[09:59] {ese} bastard.........
[09:59] {Threei} AIG
[09:59] {Threei} .20 break long
[09:59] {Threei} stop under .10
[10:01] {fernp} FAS dropping hard
[10:02] {ese} indeed
[10:02] {bkhmd} ty
[10:02] {ese} almost 6pts
[10:02] {strider} out AIG =}09 .19-.28
[10:03] {strider} +.09
[10:04] {fernp} why I covered INTC?
[10:06] {magoo} how about AIG as a bouncer vad?
[10:06] {Threei} again?
[10:06] {nemo} aig bounced off the .80 level before and yesterday...important level
[10:06] {fernp} WFC db?
[10:07] {Threei} Short Setup: AIG .90 break
[10:07] {Threei} if stays under 44
[10:08] {magoo} nah
[10:08] {nemo} nah what?
[10:08] {magoo} dont like that one
[10:09] {nemo} aig?
06[10:09] * magoo slaps nemo around a bit with a large trout
[10:09] {magoo} what other one u see?
[10:09] {strider} hgsi salmon
[10:10] {nemo} I'll take that as a "yes"
[10:10] {magoo} lol..i sounded like vad there
06[10:10] * nemo slaps magoo around a bit with a large Matthews LX w/thunderhead 100 grain
[10:10] {magoo} i use montec
[10:11] {Threei} invalidated
[10:11] {magoo} bowtech
[10:11] {nemo} fast
[10:11] {magoo} 330
[10:11] {Threei} marketr is astill active, stop cluttering the room with this chatter!
[10:12] {dino} vmi sm l .00, wide
[10:12] {nemo} fcx near support
[10:12] {nemo} rude aig
[10:12] {magoo} now i like AIG short
[10:13] {Threei} seriously?
[10:13] {magoo} duno..AIG too hard
[10:13] {Threei} lol
[10:13] {magoo} i did..then POW up
[10:14] {magoo} sick
[10:14] {nemo} bounced of that .80...4th time this morning
[10:14] {Threei} HIG refuses to follow market down
[10:14] {Threei} Long Setup: HIS .30 break if stays above .20
[10:14] {magoo} HIG?
[10:14] {strider} hig?
[10:15] {Threei} sigh
[10:15] {Threei} what else
[10:15] {nemo} yes-threeish
[10:15] {strider} his & hers?
[10:15] {nemo} I was thinking that...I'm sick
[10:15] {Threei} invalidated anyway
[10:17] {Threei} feels like bounce time
[10:17] {Threei} Long Setup: INCT .20 break if stays above .15
[10:18] {nemo} intc?
[10:18] {Threei} INTC'
[10:19] {magoo} AAPl for a bounce..
[10:20] {dino} \shaw
[10:20] {magoo} took .98
[10:20] {magoo} aapl
[10:22] {magoo} GS bouncer
[10:22] {magoo} first strength
[10:22] {dino} sm shaw l .50
[10:23] {magoo} .30 cents GS
[10:23] {Threei} INTC setup starts looking like two-sided
[10:24] {nemo} yeah
[10:24] {nemo} not moving w/market
[10:24] {Threei} Short Setup: INTC .15 break if stays under .20
[10:27] {dino} shaw stopped, broken
[10:28] {dino} semi's no respect for earnings
[10:28] {Threei} HIG, why did you feel a need to ruin setup before playing?
[10:29] {Threei} unless this time INTC runs into smackdown again, looks like it's a long side that will set up
[10:30] {Threei} no seriously... look at HIG chart
[10:30] {fernp} in
[10:30] {Threei} up to 10:15 everything was fine
[10:31] {Threei} and played out just as it should - except for that idiotic sharp dive
[10:31] {Threei} that left us with no setup
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 395M shares, about 40% above its three-month average; decliners lead advancers by 7.6:1.
[10:31] {Threei} - NASDAQ volume 580M shares, about 3% above its three-month average; decliners lead advancers by 3.3:1.
[10:31] {Threei} - VIX index +3.5% to just under 22.50
[10:31] {dino} xlnx sm l .15
[10:32] {Threei} 30 cents move from original trigger
[10:32] {Threei} sigh
[10:32] {strider} what do you expect from intc, vad?
[10:33] {Threei} unless market resumes donward tgrend, should be good for .30 - .35...
[10:33] {Threei} maybe more but only if market really picks up
[10:36] {fernp} unfortunately, habitual behavior in HIG lately
[10:36] {fernp} now is pulling back
[10:37] {fernp} let's see
[10:37] {dino} all, pru want tues gap
[10:38] {Threei} so if this is how HIG trades now, then we should be able to get it around .20
[10:39] {dino} shaw big rinse
[10:43] {Threei} CRIC Update: IPO opens for trade at $12.28
[10:43] {Threei} China Real Estate Information Corporation
[10:44] {Threei} fess up mags
[10:44] {Threei} took 13 break?
[10:45] {Threei} that was so you
[10:45] {magoo} um no
[10:46] {magoo} my quotes are very bad
[10:46] {Threei} fine here... connection problem again?
[10:46] {magoo} dunno
[10:46] {magoo} we just had our box replaced
04[10:47] -} [magoo] PING
[10:47] {magoo} u not sticking qoutes?
[10:47] {dino} it's magoo's old 286 that hurts him
[10:47] {Threei} lol
[10:47] {Threei} no, quotes are good
[10:48] {strider} GRMN recovery?
[10:48] {Threei} not enough activity on it...
[10:48] {nemo} thought he had a dual floppy box
[10:49] {strider} I was trying to generate some :)
[10:49] {fernp} lol
[10:49] {Threei} lol
[10:49] {ese} l fslr .21
[10:49] {Threei} CRIVC is active
[10:49] {Threei} momo
[10:49] {Threei} CRIC
[10:50] {nemo} frickin' intc
[10:51] {strider} DRIV?
[10:51] {strider} I know, not enought activity
[10:52] {Threei} my favorite kinf of question
[10:52] {Threei} you ask it, tyou answer it
[10:52] {dino} may have bottomed nemo
[10:53] {dino} would be an all dayer w/hard stop imo
[10:54] {dino} syna holds well
[10:54] {Threei} that was my impression to dino... and thing actually started picking up buying
[10:54] {Threei} then sold off again
[10:55] {dino} would rather see big drop, then hit it long
[10:55] {dino} say 24.80s
[10:57] {dino} rovi heads into support
[10:57] {strider} QQQQ tripple bottom
[10:58] {Threei} not a lot of readable activity
[10:59] {dino} ktii -10 two days. thinny\
[10:59] {Threei} we had what, one working call for 20 cents, one for 10 and one stop for 6, and whole bunch of invalidated ones?
[11:00] {Threei} many invalidated setups is usually a sign of market changing its ways
[11:00] {dino} shaw holding well now, may re-try it\
[11:00] {fernp} I missed AIG, but reached my 1:1 in INTC :)
[11:00] {Threei} yeah, it touched on 1:1, but barely
[11:00] {fernp} hit .25
[11:00] {Threei} so could go either way depending on a trader
[11:01] {Threei} so you kind of compensated one by another
[11:01] {Threei} but for purity sake, I list it as a stop
[11:01] {Threei} HIG is getting there
[11:01] {ese} fslr stopped .50 -.71 1/2 lot
[11:01] {magoo} CRIC pulls back hard
[11:05] {dino} rimm sm l .00
[11:12] {fernp} im long .20 HIG w/stop under .10
[11:12] {ese} l rimm .07
[11:12] {ese} little late but will take it
[11:13] {larisa} RIMMs spike must be ese order :)
[11:13] {fernp} trying new things :)
[11:13] {ese} not this time
[11:13] {dino} back to old here
[11:14] {ese} went small like dino
[11:16] {fernp} 1:1 here
[11:16] {Threei} USEG...
[11:17] {Threei} this is nuclear energy realted one
[11:17] {Threei} uranium
[11:18] {dino} ros
[11:19] {ese} got a target for rimm
[11:20] {dino} .44
[11:20] {ese} tks was thinkin the samew thing .40 to .50's
[11:21] {dino} ros? can't find news
[11:22] {Threei} none
[11:22] {dino} can't get in either w/that spread
[11:22] {larisa} it is just russians come :)
[11:23] {magoo} out CRIC 14
[11:23] {magoo} + .50
[11:23] {Threei} I knew it
[11:23] {magoo} [11:01] {magoo} CRIC pulls back hard
[11:23] {Threei} RU) Russian state banks reportedly ready to lower loan rates
[11:23] {Threei} - Reportedly banks ready to cut rates to 8-12%
[11:23] {dino} rimm to flat, things dead
[11:24] {Threei} lol
[11:24] {magoo} IBM vad..low of day
[11:25] {dino} out rimm
[11:25] {bkhmd} Vad any news on URBN?
[11:25] {Threei} 06:03 URBN BofA/Merrill Lynch Resumed URBN with Buy, price target: $39
[11:26] {ese} rimm stopped
[11:26] {bkhmd} ty Vad
[11:26] {ese} .01 -.06
[11:26] {Threei} BAC tries to form C&H on 1 min
[11:26] {ese} not my day
[11:27] {dino} autcw
[11:27] {nemo} intc hit 2012..end of world
[11:27] {Threei} Long Setup: BAC .40 break
[11:27] {Threei} just a scalp most likely
[11:28] {Threei} stop for scalpers under .35
[11:28] {Threei} for day traders .30
[11:30] {magoo} l IBM .80
[11:30] {fernp} in BAC
[11:30] {ese} in bac .41
[11:31] {magoo} in bac
[11:32] {magoo} on GOOG..nice chart
[11:33] {Threei} breaky chart...
[11:33] {Threei} volatility is what yoyu can normally expect from GOOG though
[11:34] {ese} if bac can make it past .46 hod......could go for a litle
[11:35] {nemo} aig just lost .80
[11:35] {magoo} ibm no work
[11:36] {nemo} fcx just double topped, dropped and is now levelling or gonna' rise into resistance...might be a short setup
[11:41] {fernp} out HIG .40 2:1
[11:44] {ese} out bac -.05
[11:44] {strider} bcon gettin fried
[11:44] {nemo} somebody say bacon?
[11:45] {strider} pork city
[11:46] {Threei} nice work on HIG fern
[11:46] {fernp} ty
[11:47] {fernp} ese, BAC never lost .35
[11:51] {strider} aig caput
[11:51] {Threei} for late arrivals, and while market slowed down:
[11:51] {Threei}
[11:52] {nemo} yeah, lost .80 strider was important level over last week
[11:52] {Threei} CRIC
[11:52] {Threei} China Real Estate Information Corporation CEO: Priced the IPO at a discount in efforts to attract investment; sees real estate market in China in an 'upward trend' - TV interview
[11:52] {Threei} - Aiming to increase subscribers to 4K by the end of 2010
[11:52] {Threei} I think VRSK ceo could take a lesson or two from this guy
[11:52] {magoo} 4k??
[11:52] {magoo} in the context of 4 billion population
[11:53] {Threei} I don't know what he means by subscribers
[11:53] {nemo} It's an information/consulting service Ehouse runs one too
[11:53] {Threei} what's happening with AIG
[11:53] {nemo} lost .80
[11:54] {larisa} lol
[11:55] {strider} larisa is self-amusing
[11:56] {larisa} i wish i was :)
[12:09] {ese} well alrighty then L ener .85
[12:11] {ese} read that wrong it's .83 hmmmmm need glasses
[12:15] {Threei} market does look like bottomed for now, but I have hard time finding trading candidate
[12:15] {magoo} thats cause u are in a coma dreaming of fields of bacon
[12:16] {magoo} goog high
[12:16] {nemo} don't even know what to think about that
[12:16] {fernp} and it's friday and lunchtime
[12:16] {Threei} field of bacon eh
[12:16] {bkhmd} making me hungry
[12:16] {Threei} now that's something to try and envision
[12:17] {bkhmd} candidate for you on the long side Vad watch Coach COH wife says she is going to outlet store this weekend buy all u can buy now
[12:18] {ese} mags how do you trade goog full 1/2 1/4 lots ?
[12:18] {magoo} 400 shares
[12:19] {ese} would like to give it a try sometime with a 200
[12:33] {Threei} (US) CDC: Swine flu deaths are above epedimic levels, unprecedented for the month of Oct
[12:33] {Threei} - 86 children under 18 have died
[12:33] {Threei} - Monthly swine flu vaccine estimates won't be met; production of H1N1 vaccine for coming weeks has been delayed
[12:33] {Threei} - H1N1 is now widespread in 41 states, up from 37 last week
[12:37] {dawg} thank you ese for ener in .84 out .93
[12:39] {strider} goog ATR 9.50 :)
[12:39] {ese} your gonna ride this for a bit
[12:39] {dawg} yes looks like its heading higher alright
[12:41] {ese} ya .....i'm likin the look of the 15 min chart
[12:42] {ese} who knows though......the way my days goin
[12:44] {dino} dsw
[12:46] {larisa} next time vad says "what's happening with AIG", I buy all I can :)
[12:47] {Threei} well... I promised to do the same with your HIG mentions and what did you do?
[12:47] {Threei} you stopped mentioning it!
[12:48] {Threei} so... do I reciprocate and never ever mention AIG anymore?
[12:49] {larisa} i guess so
[13:00] {Threei} QDEL Reports Q3 $0.50 v $0.27e, R$56.2M v $40.7Me
[13:00] {Threei} halted
[13:05] {strider} why would they halt that?
[13:09] {Threei} some companies request halt before earnings announcement
[13:13] {strider} thx
[13:13] {strider} I thought it was only done on bad news
[13:13] {Threei} Long Setup: HIG .30 break
[13:13] {nemo} C&H aig
[13:14] {fernp} stop Vad?
[13:14] {Threei} .20 or .15
[13:14] {Threei} nice spot nemo
[13:15] {nemo} sorry...a little late
[13:18] {Threei} MSFT Balmer: Optimistic about economy (26.30, -0.41, -1.54%)
[13:21] {fernp} ty Vad
[13:21] {Threei} :)
[13:23] {bkhmd} thanks Vad
[13:23] {Threei} sure thing
[13:28] {ese} out ener .02 +.19 pieced it out 15k
[13:28] {fernp} gj ese
[13:28] {ese} tks
[13:29] {ese} have a great weekend all
[13:29] {ese} gotta go
[13:29] {fernp} bye ese
[13:29] {bkhmd} good weekend Ese
[13:29] {strider} see ya, ese
[13:29] {ese} cya fern bk st
[13:29] {strider} I'm leavin early also. Stopped at lunch with a good day.
[13:29] {Threei} wtg ese
[13:30] {magoo} IBM
[13:30] {Threei} AIG works after nice pullback right back into trigger
[13:30] {Threei} and HIG hit over 1:1 for traders and 1:2 for scalpers
[13:30] {Threei} no mags
[13:30] {magoo} how about GS?
[13:31] {Threei} up from here
[13:31] {Threei} but no stryucture to the play
[13:32] {Threei} we spotted the trurnaround in the market just right
[13:32] {Threei} not many essy to follow candidates, but did get some,
[13:32] {Threei} and avoided attempts to short at what would turn to be a day's low
[13:33] {strider} See y'all Monday.
[13:36] {magoo} c u strider
[13:36] {Threei} take care strider
[13:37] {lasertrev} later strider
[13:43] {magoo} out hig .58 ty boss
[13:44] {Threei} :)
[13:48] {Threei} went for GS?
[13:50] {magoo} no
[13:50] {magoo} nice read tho
[13:51] {magoo} entry was a lil vague he he
[13:51] {Threei} a lil? :)
[13:51] {Threei} it was as vague as it can be
[13:51] {Threei} next to "buy it somwhere"
[13:58] {dino} giddy up shaw
[13:59] {dino} .00 wall
[14:02] {dino} stop to .90
[14:03] {dino} stopped +.40
[14:20] {bkhmd} read on BAC anyone?
[14:20] {Threei} sure
[14:20] {Threei} first is B
[14:20] {Threei} then A
[14:20] {Threei} unlike normal way where A would be dfirst and B second
[14:20] {Threei} but then C on it's normal placw
[14:21] {Threei} this is my comvoluted way to say stay away from it
[14:21] {bkhmd} tc
[14:21] {bkhmd} ty*
[14:22] {Threei} if you think it's too convoluted, don't forget: I am being case-hardned in everyday's communication with nemo and magoo
[14:22] {dino} vmi to .15
[14:22] {nemo} aig break of .35?
[14:23] {Threei} rather yes than no, but kind of 51/49
[14:23] {dino} to .25
[14:23] {nemo} let me try
[14:23] {nemo} A
[14:23] {dino} out +.50 ave
[14:23] {nemo} I
[14:23] {nemo} G
[14:23] {Threei} there... you can do it
[14:23] {Threei} wtg dino
[14:23] {dino} that sucker was tough
[14:26] {nemo} seems like every thing moving w/market
[14:27] {patience} .
[14:30] {dino} ..
[14:30] {dino} ;)
[14:31] {patience} :)
[14:32] {Threei} \|/
[14:33] {dino} ;-)
[14:33] {dino} esi good drop
[14:33] {Threei} men can think of it as roof TV antenna, women as of flower
[14:34] {dino} i saw a pitchfork
[14:34] {Threei} that works too
[14:34] {magoo} i saw a, body part lol
[14:34] {nemo} wow
[14:35] {nemo} I saw Vad's horns
[14:35] {Threei} Martha Stewart Living Omnimedia Inc Dropping K-Mart and Sears relationships
[14:35] {Threei} magoo... I guess some people will see that in any drawing...
[14:36] {Threei} just like shrinks - whatever you show them, they see Rorshach ink spots
[14:36] {nemo} No...that's what the charts look like that Dino picks
[14:37] {Threei} Home Depot would launch exclusive MSO brand available at all stores beginning Jan 2010.
[14:37] {Threei} Market Internals update at 2:00pmET
[14:37] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 3.1:1.
[14:37] {Threei} - NASDAQ volume 1.43B shares, about 2% below its three-month average; decliners lead advancers by 1.9:1.
[14:37] {Threei} - VIX index -0.75% to just over 21.50
[14:37] {nemo} that's weird
[14:38] {Threei} Microsoft Corp CEO Ballmer: Optimistic about economy; not so optimistic on stock market
[14:38] {Threei} - Says businesses will be slow to hire or invest.
[14:38] {Threei} - Believes MSFT has performed well in competition with Apple; likes MSFT's 96% market share versus Apple's 4%; competition makes everyone sharp.
[14:38] {Threei} - Expenses will increase at a slower rate in new economy.
[14:38] {Threei} - Says mobile smart phone market still in infancy.
[14:38] {dino} martha stewart osb, 2x4s, t-111
[14:39] {Threei} lol
[14:40] {nemo} hate t-111
[14:40] {nemo} doesn't hold paint for diddly-squat
[14:41] {dino} use stain
[14:41] {nemo} true
[14:41] {dino} vinyl preferred
[14:41] {dino} it's final
[14:41] {nemo} most vinyl siding looks like crap
[14:42] {Threei} things I learn here...
[14:42] {dino} hmmmmm, mr big bucks
[14:43] {larisa} nemo you sound like my hubby
[14:43] {nemo} hig breaking out on 5 minute
[14:43] {nemo} hardly
[14:43] {nemo} so rip or rot Vad?
06[14:43] * nemo channels magoo
[14:43] {Threei} neither...
[14:44] {Threei} sideways
[14:44] {nemo} most frustration to the most people...makes sense
[14:47] {dino} frustration incorporated
[14:47] {nemo} How'd you know about my last relationship?
[14:48] {dino} good tune
[14:48] {Threei} we just look at you
[14:48] {nemo} who did it?
[14:48] {nemo} not worthy of how far I stuck out my chin, Vad...
[14:48] {Threei} probably not... but it's Friday
[14:49] {Threei} bar is lower
[14:49] {nemo} true...
[14:49] {dino} i forget nemo, something about misery loves company
[14:49] {Threei} also, there is that concept of pre-emptive strike
[14:49] {nemo} Ahhh....Bush Doctrine
[14:49] {dino} no 3i obama is taking that option off
[14:50] {dino} so don't fear reta;iation
[14:50] {Threei} I know, that's why I do my part to preserve what I can
[14:50] {dino} ;=l
[14:50] {Threei} at least in this room pre-emptive greetings will be allowed
[14:51] {nemo} Bye Lari
[14:51] {Threei} someone connects in the morning - you say hi to him before he does
[14:51] {Threei} there... nemo'
[14:51] {Threei} s practicing
[14:51] {nemo} just call me Pavlov's
[14:51] {Threei} now... is it a safe bet that on Monday nemo'll do something deserving a trout?
[14:52] {dino} you dog
[14:52] {nemo} maybe I won't show up...
[14:52] {Threei} why would you want to do that?
[14:53] {nemo} avoid a trouting
[14:53] {Threei} all the more reasons for pre=emptive trouting TODAY
[14:53] {nemo} aig short?
[14:53] {Threei} can't tell
[14:53] {nemo} you can now
[14:54] {Threei} AIG doesn't have much connection with market today
[14:54] {dino} cryp l .02 stop .94\
[14:54] {nemo} Mmmmmhhhh...makes me think.....ow!
[14:55] {nemo} Anyway, if not connected to market, then does it just trade on it's own pattern?
[14:55] {nemo} Thus, don't look at the market for clues
[14:55] {dino} its the tree falling in woods thing
[14:56] {Threei} that's the problem,
[14:56] {Threei} it largely trades with no patterns today
[14:56] {Threei} sometimes something shapes up
[14:56] {Threei} but mostly it's random
[14:56] {nemo} yeah, except around that .80 level
[14:56] {Threei} yes,
[14:56] {nemo} bounced off it, then once it broke boom
[14:56] {Threei} and the one where you asked about long
[14:56] {nemo} moth
[14:57] {nemo} had forgotton about that one
[14:58] {dino} what do you have w/ one moth ball here...........................and here?
[14:58] {nemo} I give up
[14:59] {dino} pretty big moth
[14:59] {nemo} oy
[14:59] {Threei} lol
[14:59] {Raven} +
[15:00] {dino} lol i woke up raven
[15:00] {nemo} wow,,,guess he has a pulse
[15:00] {larisa} best joke for today.. {cough}
[15:00] {nemo} hehehehe
[15:00] {dino} ty
[15:00] {Threei} which one?
[15:00] {nemo} the only one
[15:00] {nemo} the rest were comments either patronizing or denigrating...standard fare for this asylum
[15:01] {Threei} we pride ourselves in being generally obnoxious nemo
[15:01] {Threei} Ok... I do
[15:01] {nemo} obviously...else why would you let me nature fits...and I'm an easy target
[15:02] {dino} two beavers swimming in river, hit concrete wall, one looks at other and says, "dam"
[15:02] {nemo} you still in Hig Vad?
[15:02] {nemo} oy
[15:02] {Threei} no
[15:03] {Threei} nah dino... moth still has a prize
[15:03] {Threei} I am still giggling
[15:03] {larisa} right :)
[15:03] {dino} ok, i am done
[15:03] {Threei} hard to top that :)
[15:03] {Raven} I don't get it
[15:04] {nemo} go back to the roost Raven...
[15:04] {nemo}'ll only ruin your patrician sensibilities
[15:05] {Raven} I am diurnal ... do not roost during day
[15:05] {nemo} o.k. so, crepuscular also?
[15:05] {nemo} frickin hig
[15:05] {Raven} I am not a pervert\
[15:06] {nemo} oy
[15:06] {dino} protest too much?
[15:06] {Raven} lol
[15:06] {nemo} yeah hit a sensitive spot
[15:07] {Raven} {---------- circling nemo
06[15:07] * nemo crawls in cave....closes door...grabs double barrel shotgun...pulls blanket over head...grabs teddy
[15:08] {nemo} aig toying with a drop again...can't rea this one though
[15:09] {Threei} 41 break...
[15:10] {Threei} if stays below .10-.15
[15:10] {magoo} sigh..whats wrong w/u today
[15:10] {larisa} on what?
[15:10] {magoo} 41?
[15:10] {Threei} 43
[15:10] {Threei} AIG
[15:10] {nemo} yeah...put the bottle away
[15:13] {dino} esi sm l .42
[15:15] {nemo} spy did it again...look at the trendline on the 5 min since the lows
[15:16] {nemo} as a matter of fact, the slope last 4 days on the spy is remarkably consistent
[15:16] {fernp} have a nice weekend everybody. be good. see u all on monday.
[15:17] {dino} cya fern
[15:17] {Threei} take care fern, have a good one
[15:17] {bkhmd} later Fern
[15:17] {magoo} fern:)
[15:19] {dino} cryp stopped .98-.04\
[15:20] {Threei} 1:1
[15:24] {Threei} wtching HIG again
[15:26] {Threei} 1:2 AIG
[15:27] {Threei} QDEL is about to open
[15:28] {Threei} huge earning/revenue beat
[15:28] {Threei} oh sorry, opened already
[15:28] {larisa} for looong time :)
[15:28] {Threei} yeah, read wrong line
[15:35] {dino} rovi
[15:35] {dino} dsw hl l .70
[15:38] {larisa} -100 or +20 finish ?
[15:38] {dino} -20
[15:38] {Threei} -20
[15:38] {larisa} nah
[15:38] {nemo} psitive
[15:47] {magoo} -99
[15:48] {Threei} BAC Reportedly House panel to hold hearings on BoA/Merrill merger next Thrs (17.31, -0.79, -4.36%)
[15:48] {larisa} men are wierd, 2 choices, they pick everything else.. one picks not even number..
[15:49] {Threei} lol
[15:49] {Threei} this is second best today
[15:49] {Threei} right after the moth
[15:50] {larisa} sigh
[15:50] {dino} out dsw .76, +.06
[15:51] {bkhmd} Hig Bounce?
[15:52] {Threei} yes but 8 min till close...
[15:52] {bkhmd} ahhhhhhhhhhhhhhh
[15:52] {bkhmd} need to set an alarm clock
[15:52] {bkhmd} lol
[15:58] {bkhmd} good wekend all
[15:59] {bkhmd} thanks for the lesson vad
[15:59] {Threei} about watch??
[15:59] {nemo} alarm clock
[15:59] {bkhmd} lol
[15:59] {Threei} thank you all guys
[15:59] {Threei} a bit turbulent week
[15:59] {Threei} and larisa was closer to the right number
[15:59] {bkhmd} better week ahead perhaps
[16:00] {nemo} frickin optimists
[16:00] {Threei} lol
[16:00] {Threei} havce a good weekend
[16:00] {Threei} see you on Monday
[16:00] {larisa} bye :)
[16:00] {magoo} u 2 vad
[16:00] {lasertrev} have a good weekend everyone
[16:00] {nemo} cya
[16:20] {dino} later all, have a good one