Thursday, October 15, 2009

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} big your stop?
[08:39] {magoo} .50
[08:40] {nemo} where'd you enter?
[08:41] {magoo} so..sel;ling BLOWOUT 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 didn't GS, JPM, INTC
[08:45] {nemo} poor 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:
[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} 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'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}'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 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}
[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:
[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
[14:45] {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)