Wednesday, October 14, 2009

Oct 14 2009

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

Careful restrained trading after losing day and starting out with fresh mind worked miracles. 4 calls, 4 wins one of which was HIG 60 cents profit - and room members found quite a few winning trades on their own and shared generously. One losing day difference maketh not.

Session Time: Wed Oct 14 00:00:00 2009

[08:20] {nemo} we break 10k yet?
[08:20] {Threei} {10K} yeah, I am broken... why oh why do you all hate me
[08:21] {nemo} nothin' personal...just business
[08:30] {Threei} *SEPT IMPORT PRICE INDEX M/M: 0.1% V 0.2%E; Y/Y: -12% V -11.4%E
[08:30] {Threei} SEPT ADVANCE RETAIL SALES: -1.5% V -2.1%E; EX AUTOS: 0.5% V 0.2%E
[08:30] {Threei} - Retail Sales Ex Auto&Gas: 0.4% v 0.2%e
[08:33] {fernp} Good morning everybody
[08:34] {Threei} fern :)'
[08:34] {larisa} gm :)
[08:34] {Threei} larisa :)
[08:35] {nemo} lari :)
[08:35] {nemo} fern :)
[08:35] {nemo} Dunedin :)
[08:39] {bkhmd} gm all
[08:39] {Threei} bkhmd :)
[08:39] {nemo} formally BKHMD :)
[08:40] {bkhmd} lol
[08:40] {Threei} wow
[08:40] {nemo} what wow?
[08:40] {bkhmd} cap locks were on when logging in hope it didnt offend anyone
[08:40] {Threei} I am amazed that I like your joke... second time in what, three days?
[08:40] {nemo} yeah...scary
[08:41] {nemo} Maybe you should go see a neurologist?
[08:43] {Threei} trying to take advantage of larisa being here this time?
[08:44] {cosmo} neurologist?
[08:44] {magoo} morning'
[08:44] {nemo} brain doctor cosmo
[08:44] {cosmo} lars?
[08:44] {Threei} magoo
[08:44] {cosmo} ah
[08:45] {nemo} I think she likes to be called "Lari" cosmo
[08:45] {cosmo} k
[08:45] {cosmo} my mistake
[08:45] {larisa} morning cosmo, do not change your ways please :)
[08:46] {nemo} happens to the best of us
[08:46] {cosmo} can't help it ... getting old
[08:46] {nemo} mags :)
[08:46] {strider} good morning. everyone
[08:46] {bkhmd} morning stride
[08:46] {Threei} strider :)
[08:46] {nemo} yeah...what he said
[08:46] {strider} :)
[08:50] {Raven} {}
[08:50] {Threei} R :)
[08:50] {nemo} equivocating again
[08:51] {Raven} T:)
[08:51] {Raven} just checking my pulse
[08:51] {Threei} it's there I take it?
[08:51] {Raven} erratic
[08:51] {Threei} as long as it's there...
[08:51] {Raven} good point
[08:51] {magoo} u in anything vad?
[08:51] {nemo} mmmmhhhh...apt description of my mental state Raven
[08:52] {Raven} clearly
[08:52] {Threei} let's try to calm it down by the magic force of art:
[08:52] {Threei}
[08:52] {Threei} no mags
[08:52] {Threei} after INTC earnings took some AONE at .65 but dumped it at .90
[08:53] {Threei} woke up a bit late, could get 24 with change
[08:56] {cosmo} cien
[08:56] {cosmo} 14.20 so far
[08:56] {cosmo} oops
[08:57] {Raven} nice harbor pics 3i ... but the cynic in me says "light pollution"
[08:58] {Threei} silence him down... he is too politically correct
[08:58] {Raven} I'll work on it
[09:08] {bkhmd} DOW 10K today?
[09:09] {Threei} just 12 points away
[09:09] {nemo} that's what everybody thinks
[09:09] {Threei} and, for all practical intends and purposes, it's already there
[09:09] {Threei} what does it matter whether actual numbers prints or not
[09:09] {lasertrev} morning
[09:09] {Threei} trev :)
[09:13] {Threei} as always with big gaps, main challenge is to recognize what we are dealing with: smakcdown, consolidation and continuation or staying locked up in narrow range
[09:14] {bkhmd} odds are?
[09:14] {Threei} got a coin to toss?
[09:14] {bkhmd} all of the above? lol
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:18] {strider} drys
[09:18] {KSystems} morning !
[09:18] {Threei} ks :)
[09:24] {Threei} JPM Exec: card losses in Chase portfolio could hit 10.5% - conf call comments
[09:25] {fernp} nice pics Vad
[09:25] {Threei} ty
[09:27] {ese} morning.....late getting here
[09:27] {Threei} ese :)
[09:27] {bkhmd} ese
[09:28] {bkhmd} dude u missed the big play
[09:29] {Threei} VRSK quick selloff
[09:29] {ese} what was it.....i'm feeling under the weather .....cold of some kind
[09:30] {bkhmd} ahhh joke no play
[09:30] {bkhmd} here we go
[09:30] {magoo} JPM drops
[09:31] {Threei} GNBT Announces USFDA Price Approval For Generex Oral-Lyn(TM) In The Treatment IND Program (0.78, +0.05, 6.85%)
[09:33] {dptl} good morning all
[09:33] {Threei} dp :)
[09:33] {Threei} Short Setup: JPM 47 break
[09:33] {magoo} missed
[09:33] {nemo} me too
[09:33] {bkhmd} same
[09:33] {magoo} my quotes stucki
[09:34] {fernp} stop Vad?
[09:34] {Threei} .15 - .20
[09:34] {Threei} 1:1
[09:34] {fernp} out here ty
[09:35] {Threei} :)
[09:37] {nemo} $ pummeled again
[09:38] {Threei} JPM Dimon: Consumer protection agency will be "damaging"; will cost customers
[09:38] {nemo} I guess the last few haven't been damaging
[09:40] {nemo} years...that is
[09:44] {Threei} LVS
[09:45] {Threei} quick dive into .15 for long
[09:45] {Threei} with stop under .10
[09:45] {Threei} first strength from here
[09:47] {strider} you in?
[09:47] {fernp} grabbed +.05 TY
[09:47] {Threei} .17
[09:49] {dino} cetv
[09:51] {fernp} shorted EBAY .29 w/stop above .35
[09:52] {dino} cetv sm l .15
[09:53] {Threei} LVS 1:1
[09:53] {Threei} out .30
[10:00] {strider} .
[10:00] {strider} yep. still here.
[10:00] {nemo} ?
[10:00] {nemo} shucks
[10:00] {strider} thought I was making another point?
[10:01] {nemo} jnpr vad?
[10:02] {strider} short JPM @ .80
[10:02] {Threei} not enough activity on it
[10:03] {fernp} FAS vertical
[10:05] {Threei} Long Setup: INTC .05 break
[10:06] {Threei} stop for scalpers under 21
[10:06] {Threei} for day traders under 20.90
[10:08] {Threei} this is "against the most popular opinion" play
[10:09] {dino} cetv stopped
[10:10] {dino} rovi sm l .50
[10:10] {fernp} in
[10:12] {fernp} out EBAY +.12
[10:14] {Threei} INTC 1:1 for scalpers
[10:14] {nemo} thought it invalidated for scalpers?
[10:14] {fernp} ty ty again again
[10:14] {Threei} lol fern
[10:14] {bkhmd} out thanks
[10:15] {Threei} that's 3 for 3
[10:16] {ese} GAME is in the game
[10:16] {Threei} recent IPO
[10:16] {ese} yes
[10:16] {ese} doesn't have a ceo shooting his mouth off though the first day to tank the stock
[10:17] {Threei} lol
[10:17] {Threei} no kidding... that remark by VRSK CEO was the weirdest thing
[10:17] {ese} bizzare........young guns i uess
[10:17] {ese} guess
[10:17] {Threei} or senility setting in
[10:18] {nemo} wag short?
[10:18] {nemo} eh...not much of a range
[10:19] {Threei} strider, you covered JPM?
[10:20] {strider} .69
[10:20] {Threei} good job
[10:20] {bkhmd} awsome Stride
[10:20] {strider} FWIW, I'm papertrading my own calls penance for my foolishness yesterday.
[10:21] {ese} stalking fslr
[10:21] {Threei} Japan Trade Min: may need to consider carbon tax
[10:21] {Threei} hmmm... idicoy is not contained to any side of the ocean
[10:21] {Threei} idiocy
[10:22] {dino} meanwhile hottest temp. on record occurred in 1998
[10:22] {Threei} yup, and last 10 years we have steady dropping temps
[10:22] {fernp} Vad, I'm long LUV from .71 my 1:1 is here, do you see more uptrend if breaks .76?
[10:23] {Threei} chart is a beauty fern
[10:23] {Threei} question is whether market helps
[10:24] {Threei} if you got enough shares for partial, I'd do that
[10:24] {Threei} and with stop under .70, what's your risk
[10:24] {fernp} im gonna sell 500 here
[10:24] {Threei} daily is too good to let this chance go
[10:24] {nemo} .70 is R1 off the pivot fern
[10:24] {Threei} and if market says not this time, so be it
[10:24] {fernp} thanks
[10:25] {nemo} Mmmmhhhh....Yul Brynner..10 Commandments
[10:25] {strider} ese, FSLR scary
[10:26] {ese} definately strider.....
[10:26] {Threei} but ese is also known as Intrepid
[10:27] {ese} not show up at the moment........lots of time lots of time.....
[10:27] {nemo} thought that was magoo
[10:27] {fernp} WAG short wasn't bad idea
[10:27] {nemo} my second broken clock moment
[10:27] {fernp} second?
[10:27] {nemo} oh...I saw JNPR at .95
[10:28] {nemo} sorry
06[10:28] * magoo slaps nemo around a bit with a large trout
[10:28] {fernp} true
[10:28] {nemo} know how psychologically damaging that is...
[10:28] {ese} not show up? not showing up(from last post)
[10:29] {bkhmd} stt double bottom?
[10:29] {Threei} totally market dependent
[10:30] {Threei} and rather looks like breakdown to me
[10:30] {bkhmd} ty
[10:31] {Threei} I'd put it this way:
[10:31] {Threei} worth a short if market goes down, not worth long if market goes up
[10:32] {bkhmd} ty
[10:32] {bkhmd} break of .39?
[10:32] {strider} drys similar
[10:32] {Threei} break of .40
[10:32] {Threei} and be nimble size wise, it's a thin stock
[10:32] {fernp} out LUV 2:1
[10:33] {fernp} ty Vad
[10:33] {Threei} good job fern
[10:33] {bkhmd} gj
[10:33] {fernp} ty
[10:33] {ese} good one fern
[10:33] {fernp} :)
[10:33] {Threei} fern is back with vengeance
[10:34] {fernp} no no. I am calm
[10:35] {strider} leap a leaping
[10:36] {bkhmd} nice surge in market
[10:36] {nemo} $ dropping
[10:38] {strider} pwrd still getting it
[10:38] {nemo} aig didn't go with the surge
[10:39] {ese} l fslr .31
[10:40] {fernp} you still in INTC, Vad?
[10:40] {Threei} half
[10:40] {Threei} trailed to under 21
[10:40] {fernp} original entry point here
[10:40] {Threei} want to see if it wants to surprize everyone
[10:41] {fernp} go with you again (half lot)
[10:42] {strider} ese, your stop below 147?
[10:43] {strider} wow
[10:44] {ese} out fslr.03 sm 1k +72
[10:44] {strider} great
[10:45] {ese} no physical bounces around too much
[10:45] {strider} k
[10:45] {bkhmd} Ese SM means Small lot?
[10:45] {ese} yes
[10:45] {bkhmd} thanks bro
[10:46] {Threei} CSIQ Analysts at Credit Suisse comment in name; Remain cautious in name as higher shipment levels not seen boosting earnings levels (timing uncertain) (17.19, -0.35, -2.00%)
[10:46] {ese} your that definition from dino though
[10:46] {Threei} CSIQ is red in the sea of green
[10:47] {Threei} a bit too thin
[10:47] {Threei} but overall, when market gives up it's a good short candidate
[10:47] {dino} raised guidance too
[10:47] {Threei} perfect
[10:47] {nemo} JNJ Vad?
[10:47] {dino} issuing 6 m shares
[10:47] {dino} csiq
[10:48] {Threei} no idea emo
[10:48] {bkhmd} Trades mostly 100 share lots am i reading that correctly?
[10:50] {Threei} I am not sure what the question is bkhmd...
[10:51] {Threei} do you really need us to confirm you know how 1 is different form 2?
[10:51] {nemo} whoa...
[10:51] {Threei} I know nemo does
[10:51] {nemo} remember...he's new
[10:51] {bkhmd} no thanks Vad
[10:51] {Threei} well... consider it's a rite of passage
[10:52] {Threei} oh good... I don't believe I could handle two nemos
[10:54] {strider} driv?
[10:54] {Threei} chart is short on .40 break...
[10:54] {Threei} but heck, it's beaten down so badly
[10:54] {Threei} not sure
[10:54] {strider} you soft-hearted guy
[10:54] {Threei} lol... yeah, that's me
[10:55] {Threei} what I don't like about DRIV here the most
[10:55] {Threei} see how thin it became vs all the hyperactive trading over last couple days?
[10:55] {ese} l fslr .19
[10:56] {Threei} small sizes, no smooth constant stream of prints
[10:56] {Threei} this may result in such sudden move, it's simply a too dangerous stock in uncertain market
[10:56] {bkhmd} thats what i was asking in my previous question Vad lot sizes I had my time and sales set up wrong
[10:57] {ese} out fslr .51 +.32
[10:57] {fernp} really good job, ese
[10:57] {Threei} you can regulate printas to show 100 or 1 etc?
[10:58] {ese} tks
[10:58] {Threei} must be specific to your broker then
[10:58] {bkhmd} yea I figured it out had it set up wrong
[10:58] {Threei} no such option with Laser
[10:58] {Threei} which makes it simpler,less room for wrrors :)
[10:58] {Threei} errors too
[10:58] {strider} you got to watch out for those wrrors..
[10:59] {Threei} I tried
[10:59] {Threei} but there are just too many of them
[10:59] {Threei} so I gave up
[10:59] {ese} fslr....why you little........
[11:00] {bkhmd} lol
[11:01] {Threei} (RU) Putin: premature to adopt sanctions against Iran
[11:01] {nemo} it's only been what....7 8 years
[11:02] {Threei} No point trying to scare Iran with sanction talks
[11:02] {nemo} hurt their feelings
[11:02] {Threei} what doesa he suggest then?
[11:02] {nemo} hah...frickin JNJ
[11:03] {Threei} Long Setup: AIG .60 break if stays above .50
[11:03] {Threei} only for adventurous souls
[11:04] {dino} cetv last try, .00 sm l
[11:05] {Threei} fern... INTC is above 1:1 if you wanted to scalp it
[11:05] {Threei} I'll hold that half
[11:06] {fernp} lol, I was writing this... my 1:1 in INTC is here again, Vad. Can I sell or must stay with you?
[11:06] {Threei} AIG invalidated
[11:06] {Threei} ummm... no such thing as must :)
[11:07] {fernp} I am out TY
[11:07] {Threei} my game plan is:
[11:07] {Threei} risk is minimal for this swecond half at this point, and profit secured by selling first half makes it non-existent,
[11:08] {Threei} and everyone believes market is done going up,
[11:08] {Threei} and INTC is blow-off top here
[11:08] {Threei} so I want to see if market ad INTC fool that "everyone", with no risk to myself
[11:09] {fernp} good point
[11:09] {larisa} risk in minimal, what about reward :)
[11:09] {Threei} reward... well, if INTC goes for surprize run, I'd say 21.40 minimum
[11:15] {fernp} AIG big drop
[11:15] {bkhmd} with huge volume
[11:16] {Threei} no news
[11:16] {Threei} unless AIG insured AutoVaz
[11:17] {Threei} AvtoVAZ Head of State Audit Chamber: Avtovaz on brink of bankruptcy
[11:17] {Threei} **Note: On 10/05, Russian PM Putin said that govt will not let Avtovaz fail (RIA Novosti). Back on 10/3, Putin threatened to reduce Renault's 25% stake in Avtovaz if the French company fails to help fund Russia's biggest carmaker.
[11:19] {Threei} so, out of 3 ways we defined before opening, market picked 4th
[11:19] {Threei} dropped a bit,
[11:19] {Threei} stayed solidly green,
[11:20] {Threei} and remains locked in narrow range
[11:20] {Threei} so it reconciled all three
[11:20] {nemo} speaking of locked range...jnpr
[11:21] {Threei} this is one potentially explosive chart
[11:21] {nemo} which one?
[11:21] {Threei} your JNPR
[11:21] {nemo} oh...
[11:22] {nemo} I'm going to get a cup of coffee, so get ready
[11:22] {patience} .
[11:28] {Threei} hmm
[11:29] {Threei} market moved up, any stock followed??
[11:29] {nemo} hymn
[11:29] {nemo} not really
[11:29] {Threei} none of what I was watching
[11:29] {nemo} iyf did
[11:29] {larisa} CAT only :)
[11:29] {Threei} that one I didn't watch
[11:29] {nemo} looks like a short now
[11:30] {Threei} (RU) Russian Fin Ministry decides not to give Iceland $500M loan
[11:30] {bkhmd} abt news must have been huge
[11:30] {Threei} what for, they are in first three best places to live
[11:31] {Threei} ABT good earnings, good gyuidance
[11:35] {strider} Famous quote of the day: Discomfort and profit go hand in hand.
[11:35] {strider} Who said that?
[11:35] {nemo} Livermore
[11:35] {larisa} like losses give you comfort :)
[11:36] {strider} adjusts himself on his seat of nails
06[11:37] * Threei slaps nemo around a bit with a large book of Techniques of Tape Reading
[11:37] {strider} Actually, Vad said it also. I think Livermore must have got it from him.
[11:37] {strider} :)
[11:37] {nemo} Sorry...I always get you two legends mixed up
[11:38] {larisa} lol
[11:44] {strider} BATS is down, fyi
[11:46] {Threei} I don't think I ever used it
[11:49] {dino} march 29,1999; dow 10k 1st time
[11:49] {strider} C pushing toward $5
[11:50] {magoo} C reports tomorrow after bell
[11:50] {magoo} closing bell
[11:51] {magoo} GS GOOG C IBM
[11:51] {magoo} bring trading cape, helmet and goggles
[11:55] {dino} nvec
[11:56] {strider} lvs losing it
[11:56] {strider} it got better though
[11:57] {Threei} reminder to myself: wait for Larisa to mention HIG and buy all you can
[12:00] {Threei} HIG is holding very well, comparing to AIG
[12:00] {Threei} and JNPR is still there
[12:01] {nemo} had that obligatory shakeout to .30
[12:02] {strider} lvs short @ .84?
[12:02] {nemo} lvs
[12:02] {Threei} not sure
[12:02] {Threei} can turn into double bottom easy
[12:03] {nemo} yeah, looks like crescendo/capitualtion buying on that last downspike
[12:03] {strider} ??
[12:03] {strider} introducing new terms here: crescendo
[12:04] {nemo} volume spike on that drop from .95...sorry, thinking of Handel's Water Music
[12:04] {strider} =falling very loudly?
[12:04] {strider} good term...
[12:04] {nemo} yeah like an m855
[12:05] {strider} re: yesterday...I've never had any trouble with m855...Colt Sporter upper
[12:06] {nemo} some can handle both chamberings, some can't
[12:06] {strider} no,, Bushmaster upper, colt sporter lower
[12:06] {nemo} Bushmaster...nice stuff
[12:06] {strider} yeah
[12:07] {Threei} larisa... say HIG
[12:07] {nemo} god bless you
[12:07] {nemo} ooohhh, break of .50
[12:08] {dino} rovi to .25
[12:09] {strider} darn crescendo candle--lvs
[12:09] {dino} out .27, +.77 rovi
[12:10] {Threei} nice
[12:11] {dino} thx
[12:13] {nemo} hig, what a tease
[12:14] {Threei} it needs larisa's word
[12:15] {Threei} see what I mean LVS?
[12:16] {Threei} trap for shorts
[12:16] {nemo} rovi kept going
[12:17] {dino} sm s nvec .00
[12:18] {nemo} definitely your kinda' stock
[12:18] {dino} funny, intc was all the talk, up .50 only
[12:18] {nemo} big offer hig
[12:18] {nemo} .49
[12:19] {dino} nemo, you say that w/such disapproval
[12:19] {nemo} you infer what I did not imply
[12:20] {dino} :)
[12:23] {Threei} Long Setup: HIG .50
[12:23] {Threei} if stays above .40,
[12:24] {Threei} above .45 for hardcore scalpers
[12:26] {fernp} in
[12:27] {nemo} that is really weird...I used smart route and it found nothing an cancelled on me
[12:27] {magoo} innnnnnn
[12:27] {Threei} pesky annoying troublemaking hardcore scalpers have 1:1
[12:27] {fernp} You know I am that pessky one
[12:27] {magoo} um...out
[12:27] {Threei} look what it routed through nemo
[12:28] {Threei} I bet it was MLCO
[12:28] {Threei} fern, mags, lol
[12:28] {nemo} no..tried direct buy...then arca...then nyse...then cancelled
[12:28] {Threei} shrug... there is a reason why I recomnmend NASDAQ route for listeds
[12:29] {fernp} are ther problems with routes?
[12:29] {Threei} BATS is down for a while
[12:29] {nemo} that's back up
[12:29] {Threei} but who needs it anyway?
[12:30] {fernp} ah! my ISLD order worked fine
[12:30] {Threei} same here
[12:30] {Threei} day traders have 1:1
[12:30] {bkhmd} ty Vad
[12:30] {Threei} welcome
[12:30] {Threei} that's 4 for 4
[12:31] {fernp} i am 7 for 7
[12:31] {fernp} time to relax...
[12:31] {Threei} I know
[12:31] {Threei} great recovery after yesterday
[12:31] {bkhmd} going back to simulator my orders are not being filled the way i expected
[12:31] {Threei} we always do
[12:31] {Threei} what broker do you use bkhmd?
[12:31] {dino} wtg vad
[12:31] {Threei} ty
[12:31] {bkhmd} using trade station
[12:32] {Threei} oooohhhh
[12:32] {Threei} good luck
[12:32] {Threei} you'll need it
[12:32] {bkhmd} ut ohhhhh
[12:32] {bkhmd} another fish slap?
[12:33] {Threei} nah... that broker will take care of that
[12:33] {nemo} nahhh
[12:33] {bkhmd} lol your Brutal vad nothing like in the book
[12:33] {bkhmd} lol
[12:33] {bkhmd} lol
[12:33] {Threei} for us to slap you would be very very redunant
[12:33] {nemo} repetitive too
[12:34] {Threei} repetitive repetitive is redundant redundant
[12:34] {Threei} you mean in the book I come out warm and fuzzy???
[12:34] {bkhmd} dRN DID i GET SLAPPED 4 TIMES?
[12:34] {nemo} NO!
[12:34] {bkhmd} oops sorry cold fingers hit t he caps again
[12:34] {Threei} for those who follow day trading routine on HIG,
[12:35] {Threei} you are half out and trailed to .49
[12:38] {bkhmd} its ok to ask a newbie question?
[12:38] {bkhmd} Long set up .50 is entry .51 correct?
[12:38] {nemo} at worst you get trouted
[12:39] {bkhmd} i left that out ask question without being hit in face with carp?
[12:39] {bkhmd} trout i can handle
[12:39] {nemo} entry is .50 unless he says "break" then it's .51
06[12:39] * magoo slaps bkhmd around a bit with a large trout
[12:39] {Threei} over 1:2 HIG
[12:39] {Threei} 1/4 more out
[12:39] {nemo} he said Carp?
[12:40] {Threei} nemo's answer is correct bkhmd
[12:40] {bkhmd} got it
[12:40] {Threei} I mean korreqt
[12:40] {bkhmd} and .40 was the stop
[12:40] {nemo} mmmhhh...
[12:40] {bkhmd} ?
[12:40] {Threei} just under
[12:40] {bkhmd} k
[12:40] {nemo} we practice threeish spelling around here
[12:40] {Threei} eqzaktly
[12:41] {strider} is this pig-russian?
[12:41] {nemo} pig Ukranian
[12:41] {nemo} aig break of .15?
[12:41] {Threei} no
[12:41] {nemo} no room for error there
[12:41] {bkhmd} ok no fault of trade station it was user error
[12:42] {nemo} usually the indian, not the arrow
[12:42] {Threei} don't worry... you'll have plenty of their faults
[12:42] {Threei} it's simply not a fast day trading broker
[12:42] {Threei} their designation is different
[12:42] {Threei} they are great at what they are designed for
[12:42] {nemo} and...
[12:42] {Threei} fast day trading is not it
[12:44] {dino} sm s pwrd .00
[12:45] {nemo} pwwrd might bounce in the .85 area
[12:45] {nemo} frickin' aig
[12:46] {dino} anything can happen
[12:47] {dino} mkt bounce pwrd to flat
[12:49] {fernp} Vad, I'm afraid you are not going to surprise anyone with INTC. It is losing lod
[12:49] {Threei} nope
[12:49] {Threei} stopped long ago
[12:49] {fernp} i know
[12:54] {dino} intc gap 20.49
[12:59] {Threei} HIG is coming on 1:3
[13:00] {Threei} stop is under .60 at this point
[13:00] {Threei} next decision to ake is to sell last portion at .80 or trail
[13:00] {Threei} IMO, let's trail and try for closer to .90
[13:01] {magoo} nice oine..i took .75 tho
[13:01] {magoo} ty
[13:01] {Threei} welcome sir
[13:01] {Threei} see bkhmd... I CAN be warm and fuzzy
[13:01] {Threei} I just chose not to
[13:02] {Threei} US) Reportedly House panel has rejected measure to give CFTC authority over margins
[13:02] {Threei} - Amendment adopted by the panel would preserve margin oversight with exchanges rather than the CFTC
[13:02] {Threei} US) House Democrats are finalizing two key amendments on financial oversight rules, including on bank exams and preemption - WSJ
[13:05] {Threei} (US) Fed's Tarullo: Banks face further risk of sizable credit losses, banking system remains fragile, loan qualifications are poor - comments ahead of Congressional testimony
[13:05] {Threei} - Testimony released before 2:30pmET appearance before Senate panel
[13:05] {Threei} - Key trouble spots remain in financial system; banks have learned a hard but valuable lessons
[13:05] {Threei} ummm
[13:05] {Threei} to put it politely,
[13:05] {Threei} what a load of crap
[13:05] {nemo} to @&$! the taxpayer
[13:06] {Threei} valuable lesson is, if you lend to those who can't repay you back, you re going to screwed?
[13:06] {Threei} or, when you are taxpayer will bail you out?
[13:07] {Threei} 'cause you know, first lesson is something they could understand without actually doing it
[13:07] {nemo} gotta' get out the party hats and noisemakers for 10K...
[13:07] {nemo} ...not
[13:07] {Threei} and second, if learned well... do we know that to be a lesson they take out of it?
[13:08] {Threei} less than 7 points left
[13:08] {bkhmd} nice on the DOW
[13:08] {strider} 0nnn
[13:09] {strider} vad, BAC?
[13:10] {Threei} this thing is so narrow lately...
[13:10] {Threei} it's a turture
[13:10] {Threei} torture too
[13:10] {Threei} used to be very perky
[13:10] {bkhmd} how long do you have to be on the board b4 u can start the fish slaps?
[13:11] {nemo} 3 years
[13:11] {Threei} it's not a matter of seniority
[13:11] {Threei} it's a simple matter of
[13:11] {Threei} do you feel lucky?
[13:11] {Threei} do ya?
[13:11] {nemo} a config file
[13:11] {nemo} punk
[13:11] {bkhmd} you have the juice to kick form the room your spared
[13:11] {Threei} picture nemo with his hand on a holster, saying:
[13:11] {fernp} great trade HIG. Vad, I am suffering "pesky scalper's regret" :(
[13:11] {Threei} go ahead punk, make my day
[13:12] {nemo} $ dropping
[13:12] {bkhmd} {---Slaps Vad witha good smelling fish
[13:12] {Threei} this particular one did feel like seriously capable of more
[13:12] {dino} pwrd to .85
[13:13] {strider} pressure building on BAC
[13:13] {dino} cov pwrd +.15
[13:14] {Threei} 3 points to 10K
[13:14] {nemo} here comes 10k
[13:15] {Threei} what is the most important lesson of yesterday and today, in your eyes?
[13:15] {magoo} dow 9999
[13:15] {Threei} and .22
[13:15] {dino} never give up
[13:16] {dino} fmx
[13:16] {nemo} this is worse than hig
[13:17] {Threei} never mind a losing day
[13:17] {Threei} it means nothing
[13:17] {strider} close but no cigar, DOW
[13:17] {Threei} control your losses, come back woth clear mind and trade
[13:17] {fernp} if you control your losses
[13:17] {fernp} ooops!
[13:17] {Threei} :)
[13:18] {Threei} leave desperation and handwrigning to amateurs
[13:20] {bkhmd} another run at it
[13:21] {ese} hey calling it a day....have been laying down most of the morning not feeling great......hopefully catch you tomorrow
[13:21] {bkhmd} get well
[13:21] {Threei} take care ese, get well
[13:21] {ese} tks bk
[13:21] {ese} cya vad
[13:22] {fernp} bye ese
[13:30] {strider} fmx interesting reversal
[13:31] {dino} and i missed it
[13:31] {strider} that was what was unusual about it
[13:31] {strider} :)
[13:33] {dino} lol
[13:39] {magoo} PFE on the movw
[13:39] {fernp} I'm going to take the rest of the day off. Have a nice evening everybody. See you all tomorrow
[13:39] {Threei} no news that I see
[13:39] {Threei} take care fern
[13:39] {Threei} good idea actually
[13:39] {bkhmd} later fern
[13:39] {Threei} I wish nemo'd let me go home
[13:40] {fernp} lol
[13:40] {Threei} US Rep Frank: Consumer Protection Agency bill to be voted upon tommorow
[13:41] {nemo} YOu can go home Vad...
[13:41] {Threei} I can?
[13:41] {Threei} no shooting in the back?
[13:41] {nemo} no promises
[13:41] {Threei} door is not rigged with explosives?
[13:42] {nemo} too noisy
[13:42] {nemo} shhhhh......(poison on the door knob)
[13:42] {Threei} HIG UBS Resumed HIG with Buy
[13:42] {Threei} lol, thank you, we already bought
[13:43] {nemo} Got that idea from "The Name of the Rose"...kinda' sorta'
[13:43] {bkhmd} lol
[13:43] {bkhmd} so did they Vad
[13:43] {dino} nvec stopped flat
[13:43] {dino} irdm
[13:43] {Threei} same coverage by UBS for 4 more names
[13:44] {nemo} who owns them now?
[13:44] {Threei} Iguess they just have trainees learning "resumed with buy" button
[13:44] {strider} haha
[13:44] {bkhmd} easy button
[13:45] {strider} crox?
[13:45] {Threei} not bad chart... just too big chance to struggle for 5 cents
[13:46] {strider} yep. t'anks
[13:46] {Threei} spike at 11:45 was on takeover rumor
[13:46] {strider} do you use 'fly on the wall', Vad?
[13:46] {Threei} ever after that it moved 3 cets up, 2 down
[13:46] {Threei} no
[13:57] {Threei} INTC inverse C&H
[13:58] {bkhmd} bearish?
[13:58] {nemo} yep
[13:58] {dino} fmx l .00
[14:06] {strider} gld spike
[14:14] {Threei} MINUTE OF SEPT 23 FOMC MEETING: OVERALL ACTIVITY IS PICKING UP; job losses are slowing noticeably from earlier in the year
[14:15] {Threei} Seeing indications of improvement; economic slack to be substantial over next few years
[14:15] {Threei} - Many FOMC economists upwardly revise economic projections for 2H; sales and starts of homes provided evidence of some firming in housing activity.
[14:15] {Threei} - FOMC members predict unemployment not likely to fall 'appreciably'; Fed economists forecasting unemployment to fall to 9.25% by end of 2010 and 8% by end of 2011.
[14:15] {Threei} - Some members open to expanding some MBS purchases, one member recommended cutting $1.3T in MBS purchases
[14:15] {Threei} - highlights that term deposit facility could be used to withdraw stimulus
[14:17] {bkhmd} where is INTC going
[14:17] {Threei} down?
[14:18] {nemo} interesting to see where that bellewether ends up.
[14:19] {Threei} Market Internals update at 12:00pmET
[14:19] {Threei} - NYSE volume 700M shares, about 2% below its three-month average; advancers lead decliners by 4.6:1.
[14:19] {Threei} - NASDAQ volume 1.51B shares, about 3% above its three-month average; advancers lead decliners by 2.4:1.
[14:19] {Threei} - VIX index -1.1% to just over 22.50
[14:22] {dino} gri, thin
[14:22] {nemo} ewwwwww....if you're calling it thin, must be anorexic
[14:23] {dino} 6k
[14:23] {nemo} 6k...oy vay
[14:24] {Threei} lol
[14:24] {Threei} crap... this is getting truly bothersome
[14:24] {Threei} this was THIRD nemo's joke I liked
[14:25] {Threei} in as many days
[14:25] {bkhmd} lol
[14:25] {nemo} don't jump Vad
[14:25] {nemo} put the knives back in the drawer
[14:25] {nemo} Maybe.....
[14:26] {nemo} should see an exorcist?
[14:26] {nemo} FCX Vad
[14:27] {Threei} nice volatility but I see no setups to call in time
[14:28] {nemo} yea...GLD forming balanced triangle
[14:29] {larisa} ok, market proved Cramer wrong, 10K is here, now lets sell to 9K :)
[14:29] {nemo} what did JC say?
[14:29] {Threei} see? these sudden spikes up and down with no rythm
[14:29] {nemo} yes
[14:30] {larisa} he said 9K before 10K
[14:30] {larisa} when it was 9800
[14:30] {nemo} oh
[14:30] {Threei} well, if hostory is any indication, market will wait now for him to say 11K, then sell to 9
[14:30] {nemo} When I see him I feel like Vad when he sees me
[14:31] {Threei} oh my... 4th!!!
[14:31] {nemo} Now I'm scared
[14:31] {Threei} you scared? imagine how I feel
[14:33] {Threei} FDIC Bair: Number of problem banks and bank failures to remain high for next several quarters
[14:33] {Threei} - Unemployment may rise even as the economy returns to growth
[14:33] {Threei} - Recent data shows that credit markets are returning to normal
[14:33] {Threei} - May need to redirect support efforts to aid small businesses
[14:34] {Threei} guess who is on TV
[14:34] {nemo} Hillary Swank?
[14:34] {Threei} unfamilar name, I don't know whether you wish or not
[14:34] {nemo} "Million Dollar Baby"
[14:35] {Threei} missed that one
[14:35] {nemo} Good movie...Clint
[14:35] {larisa} she won the Oscar
[14:35] {nemo} yeah
[14:36] {Threei} OK, Google says you wish
[14:36] {dino} intc lod
[14:36] {larisa}
[14:37] {nemo} Lari :)
[14:37] {larisa} I do not really like her face, but back is awesome :)
[14:37] {nemo} Who's face do you like?
[14:38] {dino} same larisa
[14:38] {Threei} FSLR S&P sets date for FSLR to replace WYE in the S&P 500 for tommorow
[14:38] {Threei} - hearing analysts suggest indexers will need to buy nearly 5M shares of FSLR
[14:38] {nemo} so sell?
[14:41] {Raven} thanks larisa ... my pulse just came back
[14:41] {larisa} :)
[14:41] {Raven} :)
[14:43] {nemo} gld breaking down?
[14:45] {Threei} only as much as market overall does
[14:45] {dino} fmx stopped -.03
[14:48] {nemo} see GMCR Dino?
[14:48] {nemo} buyout rumor subsequently shot down
[14:49] {strider} aone rinse
[14:50] {dino} and that makes it go up?
[14:51] {nemo} yep
[14:51] {dino} odd\
[14:51] {nemo} I am not!
[14:52] {Threei} HAH!
[14:52] {nemo} took you long enough
[14:53] {nemo} stuck my chin out and nobody hit it
[14:53] {bkhmd} didnt want to get hit witha fish
[14:53] {nemo} you'll get the rythm
[14:53] {Threei} yeah
[14:53] {Threei} chin-fish
[14:54] {Threei} chin-fish
[14:54] {nemo} FCX Va?
[14:54] {Threei} whak-a-mole
[14:54] {Threei} if market spikes, try to grab it
[14:54] {Threei} as close to 76 as possible
[14:54] {dino} rovi l .35
[14:55] {strider} what's the setup? fcx
[14:55] {Threei} don't count on mkucn thous, market spikes are very short-lived right now
[14:55] {Threei} both directions
[14:55] {nemo} fcx not playing nice
[14:56] {strider} small ascending triangle?
[14:56] {nemo} what? FCX?
[14:56] {strider} yea
[14:57] {nemo} oh..o.k.
[14:57] {nemo} yeah...stop was a little too wide
[14:59] {strider} payx
[14:59] {Threei} CROX Hearing Sterne Agee skeptical on recent market rumors speculating on CROX as a takeover target (timing uncertain) (7.75, +0.37, 5.01%)
[15:04] {bkhmd} hit it
[15:04] {magoo} 10K
[15:04] {magoo} KKKKKKKKKK
[15:05] {bkhmd} Nice call on FCX Nemo
[15:06] {nemo} wow....4 or 5 broken clock moments today
[15:06] {Threei} I'll tell you what wow
[15:06] {magoo} alot of foolery at 10k here
[15:07] {Threei} I forgot about last portion HIG
[15:07] {nemo} WOW!
[15:07] {Threei} that's real wow
[15:07] {Threei} out +.60
[15:07] {nemo} yeah, I've got order entry remorse on that one
[15:07] {strider} I think you should send that back, vad.
[15:08] {Threei} I so will not
[15:08] {nemo} Yeah, it's time
[15:08] {Threei} pry it from my cold dead hands
06[15:08] * nemo slaps Threei around a bit with a large reminder against Indecent Profits!!!
[15:08] {nemo} by the way
[15:08] {nemo} GMCR might be s short here
[15:10] {bkhmd} nemo break of .70?
[15:10] {nemo} break of .80
[15:10] {nemo} it's already going
[15:10] {bkhmd} yea missed it
[15:11] {nemo} I saw it at the last minute
[15:11] {bkhmd} slap urself with fish
[15:11] {bkhmd} i dont have enough time on board to do it
[15:11] {nemo} that's fratricide
[15:11] {magoo} watch GS..mkt leader
[15:12] {Threei} HIG's unbelievable
[15:13] {dino} rovi to .46
[15:14] {strider} gmcr!
[15:14] {nemo} yeah
[15:14] {nemo} had that look
[15:15] {strider} Is that the famous 'looks like it's going down' setup?
[15:15] {nemo} one of them
[15:15] {nemo} You should see the stocks Dino shorts
[15:15] {nemo} I look at the chart and see a Rorschach test....sheesh
[15:16] {strider} nemo's buying drinks tonight
[15:17] {Threei} 34% Say U.S. is Heading in Right Direction
[15:18] {cosmo} the glass is 1/3 full
[15:19] {nemo} Yeah, but full of what?
[15:19] {dino} acor halted today, pending fda
[15:20] {magoo} AIG possible RIP
[15:20] {magoo} RISKY
[15:20] {strider} rip?
[15:20] {magoo} upward explosion
[15:20] {Threei} explosive move up
[15:21] {strider} oh, RIPPPP!
[15:21] {dino} lufk
[15:21] {Threei} magoo's euphemism for "honey, I made a crapload of money, pack your things"
[15:23] {nemo} hey Vad....
[15:23] {nemo} you used a 4 syllable word
[15:24] {Threei} but I consulted the dictionary
[15:24] {Threei} where I found the word :dictionary" as well btw
[15:24] {nemo}'s on the front
[15:25] {Threei} nope,,, cover is torn off
[15:25] {strider} hig...sheesh
[15:25] {nemo} yeah, market rip coming?
[15:26] {larisa} nah
[15:27] {dino} gas rip maybe
[15:27] {larisa} oh oh
[15:27] {Threei} lol
[15:27] {strider} too much information
[15:27] {Threei} mama mia... HIG decided to make a full dollar from out entry
[15:27] {nemo} frickin'stec, I bring up the chart and bang!
[15:28] {dino} rovi to .55
[15:28] {nemo} so Lari...
[15:28] {Threei} ACOR FDA Panel votes 12-1 that Fampridine-SR has benefits, improves walking ability in Multiple Sclerosis patients
[15:28] {nemo} we're up 12 points since "Nah"
[15:28] {Threei} halted :(
[15:28] {strider} what?
[15:29] {Threei} (US) Economist Joseph Economist Stiglitz: Govt should "think twice" about intervening to prop up USD
[15:29] {larisa} I added oh oh just in case
[15:29] {Threei} yeah, let' it drop into abyss
[15:29] {nemo} they're not supporting it...what's the issue
[15:29] {Threei} who needs sound currency anyway
[15:29] {Threei} Zimbabwe seems to be doing just fine
[15:29] {bkhmd} good call nemo
[15:30] {nemo} as long as you have wheelbarrows to cart it around in
[15:30] {magoo} AIG careful..drilled in upward mkt
[15:30] {magoo} drilled=crushed
[15:30] {dino} govt is not bigger than the cuurency markets, it never holds
[15:30] {dino} has to be budget issues
[15:34] {dino} rovi to .67
[15:35] {dino} to .75
[15:36] {nemo} Lari.....look
[15:36] {dino} out .77 ave, +.43
[15:37] {larisa} its not ripping.. rather sleepwalking
[15:38] {larisa} gj dino
[15:38] {nemo} tomato tomahto
[15:39] {dino} ty
[15:41] {dino} mstr sm l .98
[15:46] {Threei} CIT Group Inc Reportedly getting closer to a finalized deal for a new loan facility estimated at $3-6.5B; could come as soon as this week - unconfirmed report
[15:46] {Threei} - Company would reportedly use most of loan to repay existing debt
[15:46] {Threei} - Bank of America has reportedly arranged the facility
[15:46] {dino} what do you make of intc?
[15:47] {Threei} hard to tell
[15:47] {Threei} slid intgraday but still finishes up
[15:47] {dino} c'mon, you've known me for years
[15:48] {nemo} your poit?
[15:48] {nemo} point?
[15:48] {dino} just tell me\
[15:48] {Threei} probably will lose its own momentum and trade with the rest of the market as next earnings appear
[15:48] {Threei} we have a lot of significant ones to report
[15:49] {nemo} tomorrow big day
[15:49] {dino} strange reaction, as tech rocked on it
[15:49] {nemo} hey Lari
[15:50] {larisa} sleepcrawling even
[15:50] {nemo} yep
[15:50] {Threei} White House: Pres Obama does support a $250 payment to seniors and veterans
[15:50] {Threei} - payment may include approx 57M individuals
[15:50] {nemo} for what?
[15:51] {Threei} who cares
[15:51] {Threei} let's just give everything to everyone
[15:51] {Threei} starting with banks
[15:51] {strider} just send it on, barack
[15:51] {strider} I hope he has my address
[15:51] {Threei} and ending with lowlife day traders
[15:51] {Threei} and pesky scalpers
[15:51] {larisa} you are senior strider?
[15:51] {strider} 61
[15:52] {Threei} program could cost $13B
[15:52] {Threei} see? nithing
[15:52] {Threei} comparing to all the largesse
[15:53] {strider} using those 50 cent words again......largesse
[15:53] {dino} spend spend spend
[15:53] {bkhmd} tax tax tax?
[15:53] {Threei} yeah... tomorrow never comes
[15:54] {Threei} strider... it's nothing.. at some point I will switch from dictionary to thesaurus, and then you'll see real progress
[15:54] {dino} whats another 13 billion anyway, he says
[15:54] {Threei} even bigger than when I switched from pictionary to dictionary
[15:55] {bkhmd} hahahhah
[15:55] {bkhmd} hahahah
[15:55] {bkhmd} hhahahaha
[15:55] {nemo} easy kato
[15:56] {Threei} no significant earnings today
[15:56] {Threei} XLNX is the biggest name
[15:57] {Threei} tomorrow is rich day
[15:58] {Threei} before the open; C, GS, NOK
[15:58] {strider} oh good, I'll be here with my wheelbarrow
[15:58] {Threei} after close AMD, GOOG, IBM
[15:58] {dino} out mstr .25, +.27
[15:59] {Threei} Fri: BAC and GE
[15:59] {dino} intc lod
[15:59] {strider} Lazard stock halted
[15:59] {strider} Laszard CEO bruce wasserstein is dead
[15:59] {Threei} LAZ CEO Bruce Wasserstein has died -
[16:00] {bkhmd} Dont forget JC reports tomorrow too right?
[16:00] {bkhmd} lol
[16:00] {bkhmd} TSCM
[16:01] {Threei} I don't see JC tomorrow
[16:01] {bkhmd} TSCM
[16:01] {bkhmd} JC meaning Jim Cramer
[16:01] {dino} bkhmd, go to
[16:01] {dptl} have a good evening all
[16:02] {larisa} bye :)
[16:02] {bkhmd} document expired Dino
[16:02] {nemo} buh bye
[16:02] {strider} adios amigos
[16:02] {magoo} ty all
[16:02] {bkhmd} good eve all
[16:02] {dino} viyo con dias
[16:02] {bkhmd} thanks Vad
[16:02] {strider} vaya
[16:02] {dino} i know i spelled that wrong
[16:03] {nemo} wow...Dino, you're illiterate in two languages
[16:03] {strider} whatever:)
[16:03] {dino} lol
[16:03] {strider} it's the thought that counts