Oct 15 2009

Somewhat listless day. Some things worked, some didn't, ended roughly about flat.

Session Time: Thu Oct 15 00:00:00 2009

[07:40] {KSystems} important news in an hour?

[07:59] {magoo} morning

[08:07] {magoo} cap'n:)

[08:07] {nemo} sir :)

[08:08] {magoo} im looking to grab a bounce scalp out of GS

[08:08] {nemo} That's what I would expect :)

[08:13] {nemo} Dunedin

[08:14] {nemo} you get that one mags?

[08:18] {magoo} firstsign of strength

[08:18] {magoo} .90 in

[08:18] {magoo} small

[08:19] {magoo} 500 sh

[08:26] {Threei} US) Former Fed Chairman Greenspan: US firms have cut too many workers, likely to need to add more

[08:26] {Threei} - Seeing a "remarkable collapse" in risk spreads.

[08:26] {Threei} - Economies are on the rise world wide.

[08:27] {Threei} cut too may and likely to add more?

[08:27] {nemo} his predictions have been so spot on...not

[08:27] {KSystems} morning to you too Vad :D

[08:27] {Threei} yeah, that/// morning

[08:27] {nemo} Gruss di' K

[08:28] {Threei} (US) Many US financial firms are on track to pay their employees about $140B in 2009 (+20% y/y), which would be a record high - WSJ

[08:28] {Threei} - The data relates to workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges.

[08:28] {magoo} no work

[08:29] {nemo} no

[08:30] {Threei} INITIAL JOBLESS CLAIMS: 514K V 520KE; CONTINUING CLAIMS: 5.992M V 6.000ME

[08:31] {bkhmd} that is good info

[08:32] {nemo} marginally better

[08:32] {nemo} These things always get revised and usually worse

[08:38] {magoo} i was 1 point early

[08:39] {nemo} yeah...how big your stop?

[08:39] {magoo} .50

[08:40] {nemo} where'd you enter?

[08:41] {magoo} so..sel;ling BLOWOUT numbers...so GUN to VADS head here....odds are goog sells off after report

[08:41] {magoo} 186.90

[08:42] {magoo} [08:18] {magoo} firstsign of strength

[08:42] {magoo} [08:19] {magoo} .90 in

[08:42] {magoo} [08:19] {magoo} small

[08:42] {magoo} [08:19] {magoo} 500 sh

[08:42] {nemo} what have the tech's been doing. intc-lukewarm response overall rimm-nothing to write home about. Google is an advertising company-what it does on the report, I don't know, but sell-off would be my bet

[08:43] {magoo} goog will post blow out numbers

[08:43] {magoo} but gauging reaction is what threatens vads life

[08:44] {nemo} I don't doubt it...so didn't GS, JPM, INTC

[08:45] {nemo} poor Vad...life hanging by a thread

[08:45] {Threei} GS reported below whisper number which was 6

[08:45] {magoo} like always...ever since i signed up lol

[08:45] {Threei} rofl

[08:45] {nemo} Great...whisper numbers are back

[08:46] {Threei} they never went anywhere

[08:46] {magoo} i know..dip shit cramer had the 6 out

[08:46] {Threei} mags... now, can you imagine the effect of nemo joining??

[08:46] {nemo} me joining what?

[08:46] {Threei} see?

[08:47] {Threei} how do I put up with that...

[08:47] {magoo} yea...i feel for u boss..."what to do...what to do....???" vad

[08:47] {Threei} deep breath?

[08:48] {magoo} i'm troubling...but nemo is on a whole different plain u must admit vad

[08:48] {cosmo} acor

06[08:48] * nemo crawls in cave...closes door...grabs teddy bear...pulls blanket over head.

[08:48] {Threei} I do mags... and now for the final accord: how about dealing with you two combined??

[08:48] {magoo} magoo knocks on nemos cave door...hands him bottle of vodka

06[08:49] * nemo waves

[08:49] {Threei} yeah, ACOR was halted for the FDA announcement

[08:49] {magoo} all day wasnt it?

[08:50] {cosmo} 26 so far

[08:51] {Threei} yeah

[08:52] {magoo} acor avail short fyi..not saying thats the way

[08:56] {cosmo} but ya could'a

[08:58] {fernp} Good morning everybody

[08:58] {magoo} fernp:)

[08:58] {Threei} fern :)

[08:59] {bkhmd} gm fernp

[08:59] {nemo} anybody a hockey fan?

[08:59] {nemo} watch this: http://www.boston.com/sports/hockey/bruins/extras/bruins_blog/2009/10/the_most_talked.html

[09:08] {cosmo} acor needs to hold 24 imho

[09:08] {cosmo} pre mkt

[09:09] {ese} GM

[09:09] {lasertrev} gm all

[09:09] {Threei} ese, trev :)

[09:11] {strider} morning all

[09:11] {nemo} dude, LT

[09:11] {ese} hey vad.....not dizzy today....what a concept......

[09:11] {nemo} Dunedin

[09:12] {ese} dude

[09:12] {nemo} ahhh...Gillespy

[09:13] {Threei} strider :)

[09:13] {strider} :)

[09:14] {ese} sssstttttttt!

[09:15] {nemo} is that a stuttering stock call dude?

[09:15] {ese} nahh....thats my hello for strider

[09:15] {nemo} ty

[09:16] {strider} eeeeeeeeeeeeeeeeeeeeeee

[09:16] {ese} trying to make it sound personal

[09:16] {strider} my hello for ese

[09:16] {bkhmd} ese feeling better?

[09:17] {bkhmd} was it you that had the bug yesterday?

[09:17] {ese} ya a little

[09:17] {ese} some flu thing

[09:17] {bkhmd} scary

[09:17] {ese} still have it

[09:18] {ese} who knows what these things are these days........

[09:18] {bkhmd} when I was going through immigrations in Japan and Korea last week they were scanning all people with heat camera to detect fever half the people i seen in airport had mask on

[09:18] {bkhmd} scary stuff

[09:19] {ese} wow

[09:19] {bkhmd} im in maryland now and i see we have one of the highest cases of H1

[09:19] {ese} really.......

[09:20] {ese} why maryland of all places

[09:20] {bkhmd} dont know

[09:21] {ese} huh...go figure

[09:21] {nemo} Near DC

[09:21] {bkhmd} perhaps

[09:21] {magoo} AIG vad look

[09:21] {ese} ahhh makes sense...foreign dignataries etc etc

[09:21] {magoo} 1 pt bar up

[09:22] {nemo} lot's of government and corporations in that area

[09:22] {dino} gm all

[09:22] {bkhmd} gm dino

[09:22] {ese} dino

[09:22] {bkhmd} I work in DC but i dont see people wearing mask maybe they should lol

[09:23] {ese} news on aig mags

[09:23] {nemo} so appropos it was built on a swamp

[09:23] {dino} they shut a school dfown last week in scranton, pa flu related.

[09:24] {Threei} bkhmd, dino :)

[09:24] {ese} well ...i'm not shut down thats for sure

[09:24] {bkhmd} hey Vad

[09:24] {Threei} AIG had news mags

[09:24] {Threei} American International Group, Inc To recognize Q4 loss of $1.4B under "held for sale" accounting rules, following agreement to sell 97.57% share of Nan Shan Life Insurance Company - filing

[09:24] {Threei} - Entered into an agreement to sell the 97.57 percent share of Nan Shan Life Insurance Company, Ltd. (Nan Shan) held through its subsidiaries to a consortium for approximately $2.15 billion

[09:25] {Threei} The Goldman Sachs Group Inc CFO: This is not the best environment I've ever seen, Goldman is getting a bigger share of a smaller pie - conf call Q&A

[09:25] {Threei} - Facing uncertain capital and regulatory environment

[09:25] {Threei} - Seeing credit spreads much lower than in the first half of the year, but still wider than normal. Tightening will continue.

[09:25] {Threei} - Reiterates that Goldman will not make any final decisions on compensation issues untill the end of the year

[09:31] {Threei} watching HIG for bounce scalp

[09:32] {Threei} want deeper selloff

[09:33] {Threei} .70 recross happened too fast

[09:37] {Threei} JAZZ

[09:37] {fernp} BAC possible db...

[09:40] {Threei} Long Setup: LVS 17 brea if stays above .90

[09:41] {fernp} in

[09:42] {magoo} ni

[09:42] {fernp} under .90 stop?

[09:42] {Threei} yes

[09:42] {Threei} HIG finally decent pullback

[09:44] {Threei} Long Setup: HIG .70 break if stays above .60

[09:44] {fernp} in

[09:44] {magoo} ni

[09:45] {fernp} out HIG ty

[09:45] {Threei} 1:1 HIG

[09:45] {Threei} half out .84

[09:45] {Threei} scalpers are scalpers

[09:45] {Threei} 1:2

[09:46] {magoo} tou

[09:46] {magoo} yt

[09:46] {magoo} .91

[09:46] {Threei} day trading routine is on

[09:47] {Threei} 1/4 more out

[09:47] {nemo} out .92

[09:47] {dino} aixg sm l .71 stop .47

[09:48] {Threei} LVS doesn't looks like in a good working condition

[09:48] {Threei} yeah, no worky

[09:48] {fernp} out

[09:48] {magoo} HOG ripped

[09:48] {nemo} slaughtered

[09:48] {dino} hog, misses, fills gap down couple days ago, then fills open gap, hmmm

[09:48] {nemo} amazing...missed horribly on earnings

[09:49] {Threei} marlboro man shot all the shorters?

[09:50] {Threei} HIG 1:3, full out

[09:50] {Threei} +.30

[09:50] {magoo} nice

[09:51] {Threei} awww

[09:51] {Threei} should have trailed

[09:51] {magoo} HOGwild

[09:54] {Threei} ugh

[09:54] {Threei} gesitated to make a call on AIG .50 break

[09:55] {nemo} you could have gone home on that call

[09:56] {Threei} you are saying that now

[09:56] {nemo} I didn't know about it...when else did you expect me to say it

[09:56] {Threei} if I made the call and asked, you'd be first to trip me on my way to the door

[09:56] {nemo} poison on the door knob

[09:57] {magoo} ACOR trying

[09:57] {Threei} watching RIMM

[09:57] {Threei} want little pullback, then break of .60

[09:57] {nemo} HOG short?

[09:57] {Threei} desirably never losing .50

[09:58] {Threei} Long Setup: RIMM .60 break if stays above .50

[09:59] {Threei} loss of .50 HOG, may be

[09:59] {Threei} but keep size reasonable

[09:59] {Threei} volatility is a killer on this one

[10:00] {Threei} OCT PHILADELPHIA FED INDEX: 11.5 V 12.0E

[10:02] {strider} xlnx short?

[10:02] {Threei} RIMM is on again

[10:02] {magoo} in

[10:03] {fernp} triggered?

[10:03] {Threei} no

[10:03] {magoo} aggress

[10:03] {nemo} off again

[10:03] {fernp} ok

[10:03] {Threei} don't see anything indicative on XLNX

[10:03] {nemo} magoo is such a wallflower

[10:03] {magoo} dont want to miss it

[10:04] {Threei} nemo, just modify it a bit

[10:04] {Threei} cut shares a little, keep .45 as support

[10:04] {Threei} (US) House Panel: approves measure to regulate derivaties (related CME )

[10:06] {dino} hog sm s .24

[10:06] {magoo} HOG 3 point po

[10:06] {magoo} pop

[10:06] {dino} forgot order\

[10:06] {nemo} issue

[10:07] {dino} snowing here

[10:08] {Threei} wow

[10:08] {Threei} yikes

[10:08] {strider} out +.11

[10:08] {bkhmd} dino where?

[10:08] {dino} 1-3 inches

[10:08] {nemo} PA

[10:08] {dino} ne pa

[10:08] {strider} .71

[10:08] {nemo} was 20 degrees here this morning

[10:08] {bkhmd} wow

[10:08] {Threei} let me reiterate yikes

[10:09] {dino} vad kick that pig hog down

[10:09] {nemo} global warming

[10:09] {bkhmd} cold air coming down from Vad's place

[10:09] {nemo} no, that's hot air

[10:09] {bkhmd} lol

[10:11] {Threei} NVAX Hearing Oppenheimer speculating that company is in talks with partner on swine flu product (4.06, +0.29, 7.69%)

[10:12] {nemo} plim slickens so far

[10:12] {fernp} I hate RIMM

[10:12] {Threei} didn't it hit 1:1?

[10:12] {nemo} rhetorical

[10:13] {fernp} 1 cent for me

[10:13] {fernp} my fault

[10:13] {strider} I got 1

[10:13] {ese} i would like to echo the ....i hate rimm sentament

[10:13] {strider} 1:1

[10:13] {strider} jbht

[10:13] {nemo} Was gonna' say strider, pretty amazing scalping there

[10:14] {fernp} thanks ese thanks

[10:14] {magoo} been kickin HOG for ding dong

[10:14] {magoo} er um dino

[10:14] {nemo} dino top ticked that puppy

[10:14] {nemo} er...piggy

[10:14] {Threei} hoggy?

[10:15] {nemo} okey dokey

[10:15] {dino} hog to .85

[10:15] {magoo} GET OUT OF MY SWAMP NEMO

[10:15] {dino} cov +.39

[10:15] {nemo} nice work

[10:15] {nemo} now...if it drops another .50 we'll chew you out for being a wuss

[10:16] {dino} as deserved

[10:16] {dino} thing is jumpy

[10:17] {nemo} .39 in hand...nah...good work

[10:17] {Threei} what else you would expect from Harley Davidson

[10:17] {nemo} love 'em but they still break down so GD much

[10:17] {dino} lol

[10:17] {nemo} aig...sheesh

[10:18] {nemo} My rice burners never broke down

[10:19] {dino} xlnx sm l .50

[10:19] {dino} had a bunch of yz's and cr's as a kid, great bikes

[10:19] {nemo} Kawi KZs

[10:20] {strider} 1600 Nomad, current

[10:20] {nemo} Mags probably just shaking his head...Husqvarna guy?

[10:20] {dino} cool, in 5 years harley

[10:20] {dino} mid life crisis planning

[10:20] {Threei} HIG...

[10:20] {Threei} new highs, agasinst market

[10:22] {dino} zn sm l .39

[10:23] {dino} hog thru .50 ugh

[10:23] {Threei} two execs from Bear Sterns are being sued for misleading clients about grim investing client in 2007

[10:23] {nemo} wuss :)

[10:23] {Threei} this is pretty amazing

[10:24] {Threei} if they can be sued for that, you can sue whole industry, and throw in whole Fed and Treasury for a good measure

[10:24] {nemo} suing Fed an treasury is suing taxpayer

[10:24] {bkhmd} JC better look out lol

[10:24] {nemo} we're puckered either way

[10:24] {bkhmd} lol

[10:25] {nemo} He'll plead insanity...easy case to prove

[10:25] {Threei} lol

[10:26] {fernp} lol

[10:26] {ese} l fslr .44

[10:27] {Threei} AIG sharp pullback

[10:27] {Threei} watch for dive into .70 where it should be a nice bouncer

[10:27] {Threei} for quick fingers

[10:29] {Threei} feel free to take scalp

[10:30] {Threei} easy 20 cents in a matter of seconds

[10:31] {nemo} hog on yesterday's close

[10:31] {Threei} next bounce point is around .30

[10:32] {Threei} ugh... got there while I typed and bounced

[10:32] {fernp} HIG here testing support?

[10:33] {Threei} near .20 was it... I looked away

[10:33] {ese} out fslr .82 +.38

[10:33] {bkhmd} eseeeeeee

[10:35] {ese} thank you thankyou,,,,,thank you very much!

[10:35] {ese} elvis impression

[10:35] {Threei} I thought Obama

[10:35] {bkhmd} i ws getting ready to type ELVIS in the house

[10:36] {Threei} US Supreme Court Justice Ginsburg hospitalized

[10:36] {Threei} second time in couple months

[10:37] {nemo} she got pancreatic cancer I think...solid organ cancer anyway

[10:39] {bkhmd} aig sneaky

[10:39] {nemo} market tanking careful

[10:39] {Threei} unless you have fast broker and fast fingers, leave AIG well alone

[10:40] {strider} not to worry:)

[10:40] {strider} broker yes, fingers, not yet

[10:43] {fernp} MGM big drop, LVS holding

[10:43] {strider} mgm

[10:44] {strider} sorry...wrong keyboard

[10:44] {nemo} don't do it again

[10:45] {Threei} look at WYNN fern

[10:46] {ese} l fslr 1/2 .38

[10:49] {ese} xerkcies......3 pt beating

[10:49] {nemo} huh?

[10:49] {fernp} WYNN and LVS were valid plays

[10:49] {ese} 3pt beating for wynn

[10:49] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11amET

[10:49] {Threei} **consensus expectations:

[10:49] {Threei} Crude: +1Me

[10:49] {Threei} Gasoline: +1Me

[10:49] {Threei} Distillate: 0.0Me

[10:53] {ese} dam*&^&^% meant to buy another 1/2 and sold original 1/2 at .48 +.10

[10:54] {nemo} makes me feel better about myself

[10:54] {ese} l fslr .50

[10:56] {ese} man how dumb was that......

[10:57] {Threei} HIG

[10:57] {ese} can't remember the last time i did that

[10:57] {Threei} getting into bounce zone

[10:58] {fernp} 28 break?

[10:58] {Threei} I'd prefer lower entry, around .85 - .90

[10:58] {fernp} thks

[10:58] {Threei} but if market strengthens and HIG never gets there, yes

[11:00] {ese} just per chance/curious....was anybody in acor from yesterday?

[11:00] {Threei} it was halted all day ese

[11:00] {ese} hmmmmm

[11:01] {Threei} DOE CRUDE: +334K V +1ME; GASOLINE: -5.2M V+1ME; DISTILLATE: -1.08M V 0.0E; CAPACITY UTILIZATION: 80.9% V 85%E

[11:04] {fernp} you in HIG Vad?

[11:04] {Threei} half... I took aggressive entry so dumped half at .05

[11:04] {Threei} want something like .15 for another half

[11:04] {fernp} thanks

[11:05] {fernp} what is your stop?

[11:05] {nemo} fto

[11:05] {Threei} under .90 at this point

[11:08] {Threei} Rambus Inc Hynix Lawyer: No settlement deal has been reached

[11:08] {Threei} - Rambus has been rising today on chatter of a settlement worth more than $1B plus royalties has been offered by Samsung, Hynix and Micron in their ongoing DRAM litigation.

[11:09] {Threei} Rambus Inc Reportedly gains support from ITC staff in dispute against NVDA; Nvidia and customers infringing two patents

[11:09] {Threei} - Note: the PTO had rejected patent claims on 6/2 that RMBS had asserted against NVDA (The U.S. PTO has initially rejected all 41 claims challenged by NVIDIA in seven patents which Rambus has asserted in litigation against NVIDIA. )

[11:10] {Threei} Long Setup: RMBS .10 break

[11:10] {Threei} if stays above 19

[11:12] {strider} invalid?

[11:12] {Threei} kind of fluid... may reestablish

[11:13] {Threei} IMO, valid for half lot

[11:16] {Threei} ok, in alid

[11:16] {Threei} invalid

[11:16] {nemo} thought you were practicing your aribic

[11:18] {ese} out fslr .50 +1.00...........and thats whaaaa i'm talkeen about

[11:18] {fernp} gj ese

[11:18] {bkhmd} u da man ese

[11:18] {ese} tks fern

[11:18] {ese} bk

[11:19] {ese} opps....my ener position l .84 is up .65 nice

[11:21] {Threei} Long Setup: RMBS .80 break

[11:21] {Threei} if stays above .70

[11:23] {ese} i'm out there as well .46 + .62

[11:23] {fernp} in

[11:26] {Threei} come on RMBS, surely 80 cents pullback deserves 20 cents bounce?

[11:27] {nemo} look at the triangles on the spy and q in 5 minute chart

[11:28] {ese} if this is how you live life on vads board i'm ok with it.......dizzy for a couple of days.....finally come too and your up all over the place.....this is a good way to live

[11:28] {Threei} lol

[11:28] {nemo} musicians

[11:29] {Threei} sigh

[11:29] {ese} alright alright....i'm exagerating a little......

[11:29] {fernp} no go

[11:30] {nemo} you'd probably play one of Chopin's Nocturnes like Night on Bald Mountain

[11:30] {nemo} :)

[11:32] {ese} hey thats a great idea nemo.........

[11:32] {ese} i'm gonna try that tomorrow

[11:33] {nemo} It's kinda' like "Hey, we got over 10, 000, now what do we do?"

[11:33] {nemo} scary ese

[11:33] {nemo} hig DB vad?

[11:33] {ese} you should see the way i eat vads shiskabob....thats scary

[11:34] {nemo} What...he put it in a bowl on the ground for you?

[11:34] {Threei} good chance on HIG

[11:35] {ese} wellllllll.............yaaaaaa kind of

[11:35] {dino} lol

[11:35] {Threei} ese's holding scewer with meat in one hand, grabs glass with vodka from dp with his other hand...

[11:35] {Threei} skewer

[11:36] {Threei} all the while holding the syringe with coffee under is elbow - for later, you know...

[11:36] {fernp} HIG long .81 w/stop below .70?

[11:36] {ese} not they get the picture........grits teeth with mouth wide open..........mean looking skowl on face

[11:36] {Threei} that's the setup I see fern

[11:36] {fernp} tks

[11:36] {nemo} ese...for some reason I can't think of you with a mean scowl

[11:37] {Threei} to polis the image ese: gnaws through stainless steel skewer while eating meat

[11:37] {nemo} oy..has he had his shots?

[11:37] {ese} perfect

[11:37] {Threei} try to take meat from him nemo... it's right up there with trying to take vodka from dp

[11:38] {ese} but it didn't scare patience though........that was the real scary thing

[11:39] {nemo} Rimm...damn

[11:41] {nemo} geez, those triangles continue to tighten

[11:48] {nemo} wag really strong today

[11:50] {nemo} just listening to Art Cashin...TrimTabs claims available cash among money managers down to 1%...so...who's left to buy?

[11:51] {Threei} who?

[11:51] {Threei} some outfits pop up every day out of nowhere, claiming some deep inner knowledge...

[11:51] {Threei} trimtabs this time

[11:51] {Threei} zeroknowledge last time

[11:52] {nemo} "zeroknowledge" good one...

[11:52] {nemo} although...Art Cashin is pretty seasoned...we're not talking some half-baked Bulgarian

[11:53] {Threei} whatever... I am willing to bet my right arm that anyone claiming he knows how much cash money managers have available is full of it

[11:54] {nemo} so...if you're wrong, can I cut it off :)

[11:54] {Threei} as if this information was in any way gathered

[11:54] {Threei} available in any form from somewhere

[11:54] {nemo} yes...it's a statement without knowing the methodology...also, why would money managers be truthful

[11:54] {nemo} So...can I cut it off?

[11:55] {Threei} you are sure welcome to try'

[11:55] {nemo} Gek or short sword should do the trick

[11:56] {nemo} on a trading note...HIG again..aig ascending wedge

[12:02] {nemo} ahhhh....wag buyback...that's the strength

[12:04] {Threei} fern, HIG doesn't go with market... let's scratch it, IMO

[12:04] {fernp} ok

[12:04] {Threei} there... b/e

[12:04] {magoo} HIG does this...becomes a non mover

[12:04] {Threei} sometimes, yes

[12:05] {fernp} +.02

[12:05] {Threei} don't spend it all at once

[12:12] {Threei} OK, I give up... HIG is beyond sensible today, lol

[12:12] {Threei} it almost tagged stop three times while market was consolidating or upticking,

[12:12] {fernp} yeah, reached 1:1

[12:12] {Threei} and went up when market dropped?

[12:14] {dino} hog

[12:16] {Threei} market is pretty much sits it out today

[12:16] {Threei} and it doesn't bode well for the bears

[12:16] {Threei} of course we still have significant earnings ahead

[12:17] {Threei} but overall, there is this feeling of rally continuation in the air

[12:18] {fernp} SPY is breaking hod

[12:19] {bkhmd} yawnnnnnnnn

[12:19] {dino} ogxi

[12:20] {Threei} no news

[12:21] {Threei} look at RMBS

[12:21] {Threei} was it rude or what

[12:21] {bkhmd} very

[12:24] {fernp} yes, I looked at it ealier. I didn't like what i saw. Don't want to look again. lol

[12:24] {Threei} better don't

[12:25] {Threei} it's likely to cause uncontrolled rage resulting in destrying neighborhood

[12:26] {fernp} and HIG 2:1

[12:29] {bkhmd} GLD gonna break down?

[12:30] {dino} out thd .50, +.43

[12:31] {Threei} .65 is a valid trigger for GLD if stays below .75

[12:31] {bkhmd} ty

[12:37] {Threei} US) DoD Undersecretary: Bush Administration doctrine of pre-emptive strikes is under review and may be dropped

[12:38] {Threei} fern... HIG is back into trigger if you want round 2 :)

[12:39] {fernp} lunchtime Vad. Don't know...

[12:39] {Threei} yeah

[12:40] {Threei} and market feels like more sliding down

[12:40] {dino} way to tip your hand

[12:40] {fernp} GLD invalidated and then ....

[12:41] {Threei} it just touxched 1 cent above fern

[12:41] {Threei} not really invalidated

[12:41] {Threei} don't be THAT literal :)

[12:41] {Threei} 1:1

[12:41] {bkhmd} out

[12:41] {bkhmd} thanks vad

[12:41] {Threei} sure

[12:51] {bkhmd} gld bounce or continue to fill some gap?

[12:52] {Threei} bounce time

[12:52] {Threei} nice drop

[12:52] {Threei} anyone hekd for more than scalp?

[12:52] {bkhmd} good vol spike

[12:53] {nemo} and a hammer

[12:53] {Threei} Long Setup: GLD .25 if sdtays above .15

[12:55] {fernp} in

[12:56] {Threei} wow

[12:56] {Threei} that's volatile

[12:56] {bkhmd} took out my stop

[12:56] {bkhmd} yes

[12:56] {bkhmd} abusive

[12:56] {fernp} there are days I should be at the park playing with my daughter and not here... lol

[12:56] {dino} slt

[12:57] {dino} gap fill

[12:57] {Threei} did they discover how to make gold out of dirt?

[12:58] {dino} apparantly not

[12:58] {Threei} they way GLD drops you'd think they did

[12:59] {fernp} alchemy, no?

[12:59] {bkhmd} im going back to read the book again that volume spike had bounce all over it

[12:59] {nemo} they don't work every time

[12:59] {Threei} yeah

[12:59] {bkhmd} yep

[12:59] {Threei} do you expect it to be 100%?

[13:00] {bkhmd} nope

[13:00] {nemo} got a bullish engulfing with a spike here...another buy sign

[13:00] {dino} off of .00 imo

[13:00] {nemo} you in dino

[13:00] {dino} not yet

[13:00] {dino} ok

[13:01] {nemo} $ is up

[13:04] {nemo} oil almost $77

[13:07] {dino} what do you use for oil?

[13:08] {nemo} I use usl, but looked at the front of fin.viz

[13:08] {nemo} finviz.com

[13:08] {dino} thx

[13:09] {ese} Hey all....signing off....see you all tomorrow

[13:09] {fernp} bye ese

[13:09] {nemo} bye dude

[13:10] {ese} work beckens

[13:10] {bkhmd} later

[13:10] {ese} cya fern, bk nemo vad

[13:10] {Threei} take care ese

[13:12] {dino} slt strange, no bounce

[13:12] {dino} ggc?

[13:13] {Threei} nothing fresh

[13:14] {dino} nor here

[13:14] {Threei} sme serious resstructuring happen in the markets guys

[13:15] {Threei} USD is up, gold is down, oil is up

[13:15] {Threei} this is not your normal relations of last months

[13:15] {nemo} yeah..we had a day recently where all three were up

[13:16] {dino} lufk sm s break .60

[13:18] {dino} ggc strange yearly chart

[13:20] {dino} intc just about filled gap

[13:25] {Threei} FSLR

[13:25] {Threei} First Solar Inc. Reminder: As previously announced, FSLR to be added to the S&P500 after the close of trading today, replacing WYE

[13:25] {Threei} - as of early this afternoon, trading desk sources say that indexers will need to buy 4.6M shares of FSLR.

[13:25] {Threei} - as previously announced, NWSA will replace WYE in the S&P 100 index.

[13:25] {Threei} and it's down half point?

[13:25] {Threei} DNDN Ticks higher on renewed take over chatter

[13:25] {Threei} - AZN again speculated as suitor (29.71, +0.38, 1.30%)

[13:29] {nemo} almost perfect support trend line for SPY and Qs

[13:30] {fernp} WFT 20 break?

[13:31] {Threei} not sure

[13:33] {fernp} GLD nice pattern

[13:39] {Threei} you mean pattern of smacking it down every time it raises its head?

[13:39] {fernp} don't know what i say.

[13:39] {magoo} i had to step away..we in GLD? anything?

[13:40] {Threei} no

[13:48] {Threei} Short Setup: GLD .75 break if stays below .85

[13:48] {Threei} barring it's disgusting volatility, feels like headed toward .50

[13:52] {nemo} cat short vad? .20?

[13:52] {Threei} probably

[13:53] {Threei} with stop over .30

[13:56] {fernp} CAT invalidated

[13:56] {nemo} gld too

[13:59] {Threei} fer... guess what, HIG did it again

[14:00] {fernp} yes

[14:00] {fernp} HIG .70 is the BIG support today

[14:05] {fernp} SPY cup&handle

[14:07] {nemo} look at the trendline on the 5minute fern

[14:08] {fernp} it's perfect

[14:08] {nemo} yeah, it's amazed me all day

[14:08] {nemo} oil solidly through 77...80 next stop

[14:14] {bkhmd} GLD continuation?

[14:14] {Threei} no sligtest idea

[14:14] {bkhmd} or break down?

[14:14] {Threei} thing has no rhyme or reason today

[14:16] {dino} slt out +.13 btw

[14:16] {dino} entry sucked

[14:16] {Threei} guess who is on TV

[14:16] {fernp} magoo

[14:16] {nemo} Vin Diesel?

[14:24] {dino} hog misses big, sales way down, guides lousy and goes up big

[14:24] {nemo} sign of a strong market...

[14:24] {dino} vs. xlnx and intc who both beat and guide higher

[14:25] {nemo} bi-polar market?

[14:25] {dino} obama market, popularity contest, not substance

[14:26] {magoo} vs GS with blowout numbers

[14:26] {nemo} but didn't beat the whisper numbers

[14:26] {magoo} freakin WHISPER

[14:26] {magoo} stupid..manipulated mkt

[14:26] {nemo} Everybody's been playing UPOD so those become important.

[14:27] {nemo} Here's the skinny on google: http://www.bloomberg.com/apps/news?pid=20601087&sid=aIe6wu7IYK1c

[14:29] {dino} intc close enough for fill

[14:30] {nemo} Alright..gotta' go sell politically incorrect merchandise...what are you going to volunteer me for this week while I'm gone?

[14:30] {dino} rumor mill

[14:31] {nemo} You mean like...who is Jennifer Aniston boinking this week?

[14:31] {dino} aixg hl l .32

[14:31] {dino} stop lod

[14:32] {nemo} c u L8tr

[14:33] {dino} cya nemo

[14:33] {Threei} take care nemo

[14:33] {fernp} bye nemo

[14:34] {Threei} ok, let's decide

[14:34] {Threei} market rallies into close or dies

[14:34] {Threei} 'cause if rallies, HIG is an easy mover to 28.15 at least

[14:34] {dino} rallies

[14:34] {Threei} my feeling too

[14:35] {dino} thats what the caesars' coin says

[14:35] {Threei} what if you throw 8-ball at magoo?

[14:35] {magoo} he did that and its broken

[14:36] {Threei} great... now we have no tool for reading the markets :(

[14:36] {Threei} oh wait... I have old dart board

[14:36] {dino} no more magic 8 ball

06[14:38] * KSystems wonders if his face is still sticked to the bull's eye

[14:39] {Threei} I alternate that with nemo's

[14:39] {KSystems} thank you

[14:39] {Threei} in pretence of fairness

[14:39] {fernp} ALL daily chart is promising

[14:40] {Threei} eyeing 32 break?

[14:40] {fernp} y

[14:40] {fernp} HIG sector

[14:40] {Threei} HOG, this is truly remarkable

[14:41] {Threei} if this is how stock reacts on earnings miss, I wonder what it would do should they announce bankruptsy

[14:41] {Threei} would be at 100 already I guess?

[14:43] {Threei} omg

[14:43] {Threei} look CNN

[14:44] {magoo} NNNNNNNOOOOOOOOOOO

[14:45] {magoo} read RIMM vader?

[14:45] {Threei} not really

[14:46] {Threei} uncharacteristically narrow

[14:46] {dino} hog, had/have short order at 28.23, look how close it came

[14:48] {magoo} fee oclock move...fee oclock move comin

[14:50] {magoo} vad..r or r??

[14:50] {Threei} 14:34] {dino} rallies

[14:50] {Threei} [14:34] {Threei} my feeling too

[14:50] {fernp} 28 break Vad?

[14:50] {Threei} chart wise yes,

[14:51] {bkhmd} HIG?

[14:51] {fernp} y

[14:51] {Threei} but I like aggressive entries on it more

[14:52] {Threei} any entry of .70 would be a winner,

[14:52] {Threei} while .80 was... well, you were there

[14:52] {Threei} nerve-wrecking is the word

[14:52] {Threei} mixed with gut-wrenching

[14:53] {Threei} my strong feeling is, 28.15 at least

[14:53] {magoo} in

[14:53] {magoo} .98

[14:53] {dino} esi sm l .00

[14:54] {fernp} in too

[14:54] {Threei} oh wow... I have out-agreesed magoo

[14:54] {dino} hod mkts

[14:54] {bkhmd} too late?

[14:54] {Threei} I wouldn't chase

[14:54] {Threei} see if you get pullback

[14:54] {Threei} if not - just let it go

[14:54] {bkhmd} entry was break of 28?

[14:55] {fernp} in ALL too from .96

[14:55] {Threei} 14:50] {fernp} 28 break Vad?

[14:55] {Threei} [14:50] {Threei} chart wise yes,

[14:55] {Threei} [14:51] {bkhmd} HIG?

[14:55] {Threei} [14:51] {fernp} y

[14:55] {Threei} [14:51] {Threei} but I like aggressive entries on it more

[14:56] {Threei} good entry on ALL

[14:58] {fernp} HIG stop is .85?

[14:59] {Threei} yeah... but you do know that if it gets there and stops us out, it will bounce back up right away, right? :)

[14:59] {fernp} it is not going to happen

[15:00] {fernp} ALL 1:1

[15:00] {Threei} {HIG} hahahaha

[15:00] {fernp} no, 1.5:1

[15:00] {fernp} lol

[15:00] {Threei} very nice one, ALL

[15:00] {fernp} ty

[15:01] {dino} gj

[15:05] {Threei} .me kicks HIG in the rear

06[15:05] * Threei kicks HIG in the rear

[15:07] {fernp} i am half out here

[15:15] {Threei} (US) President Obama: In favor of finding "environmentally friendly" ways of tapping US oil and gas reserves (related USO UNG CARBX )

[15:17] {dino} it's called drilling

[15:20] {dino} out xlnx .70, +.20 all day

[15:20] {fernp} gj

[15:21] {dino} ty

[15:25] {Threei} fern... your ALL sell was pretty much top tick

[15:25] {Threei} and HIG topped out at exactly .15

[15:25] {fernp} only sold 50%

[15:26] {fernp} and I have to admit that I don't know how to read this market

[15:27] {Threei} no one does

[15:27] {Threei} not many admit though

[15:27] {Threei} rally started in March,

[15:27] {Threei} pandits call for reversal since April,

[15:27] {fernp} we need a pullback

[15:28] {Threei} and this howling becomes louder every month

[15:28] {Threei} reaching crescendo in Aug-Sept,

[15:28] {Threei} yet here is Oct and we climb even higher.

[15:28] {fernp} yeah exactly

[15:28] {Threei} So tell me... do they know how to read this market?? :)

[15:28] {fernp} nope

[15:28] {Threei} sure when it finally reverses they all will claim being right

[15:29] {Threei} yet try to follow them and you'll get killed

[15:29] {dino} slt

[15:29] {bkhmd} thats why im here

[15:39] {Threei} too bad this spike was totally out of notwhere on HIG

[15:40] {bkhmd} r u still in Vad?

[15:40] {fernp} too bad?

[15:40] {Threei} no

[15:40] {fernp} ah!!

[15:40] {magoo} look fslr vad..with buys right?

[15:40] {Threei} I mean too bad it didn't give any indication for new entry

[15:40] {fernp} out here

[15:40] {Threei} mags, this things NEVER works

[15:40] {fernp} ty very much

[15:40] {Threei} I saw it many times

[15:41] {Threei} welcome fern

[15:41] {fernp} I go to the bed

[15:41] {magoo} agree lately

[15:41] {magoo} was in aug

[15:41] {Threei} this "rebalancing" thing I mean

[15:41] {fernp} good evening everybody. see u all tomorrow

[15:41] {bkhmd} tc fern

[15:41] {Threei} managers haave to buy, let's all pile up before they do - yeah right

[15:41] {Threei} take care fern

[15:43] {dino} cya fern

[15:46] {Threei} uneventul ending

[15:46] {Threei} still up 10-15 points

[15:46] {Threei} and 10K is holding

[15:46] {gnslng} for learning purposes is that a c & h from 1400 to 1450 on HIG on 1 min ?

[15:47] {Threei} yes

[15:47] {gnslng} ty

[15:47] {Threei} bears must be getting really frustrated

[15:47] {Threei} well, those that are still alive

[15:47] {Threei} which should not be too many

[15:52] {bkhmd} hig trying to break

[15:53] {bkhmd} last minute jail break

[15:53] {dino} aixcg out .60 +.27

[15:53] {Threei} you'd think market should get very exciting after 10K break, yet it was fairly boring

[15:54] {bkhmd} I dont know much but my thoughts would have been caution

[15:54] {Threei} with GOOG and IBM coming, no wonder actually

[15:55] {dino} fgi

[15:55] {bkhmd} can GOOG beat?

[15:55] {Threei} why not

[15:55] {dino} too fast

[15:55] {bkhmd} Vad the vol spike on HIG last minute would usually mean a top and look for pull pack?

[15:56] {Threei} more often than not, yes

[15:56] {bkhmd} ty

[15:56] {Threei} GOOG sold off pretty good today

[15:56] {bkhmd} fear or maybe leaks

[15:56] {bkhmd} ?

[15:57] {Threei} your guess is as good as anyone else's

[15:58] {dino} out zn ave +.08

[15:58] {bkhmd} hmmm Hig didnt do what i would have thought Pull back to .16 and test support

[15:59] {Threei} okay guys, somewhat listless day

[15:59] {bkhmd} thanks for the lesson VAD have a good night

[16:00] {Threei} have a good evening, see you all tomorrow

[16:01] {Threei} GOOG, sheesh

[16:01] {Threei} Reports Q3 5.89$ v $5.42e, R$4.03 v $4.24B

[16:02] {dino} wow, don't know how but out esi .09

[16:03] {Threei} IBM Reports Q3 $2.40 v $2.38e, R$23.6B v $23.4Be

[16:04] {Threei} Guides FY09 EPS $9.85 (at least) v $9.78e (Guided FY09 EPS "at least" $9.70 on 7/16)