Tuesday, October 27, 2009

Oct 27 2009

Finally a strong day with majority of trades working nicely. We limited mist of them to scalps to stay on careful side but nonetheless it shaped up quite well.

Session Time: Tue Oct 27 00:00:00 2009

[08:04] {magoo} morning
[08:06] {magoo} WHATTTTTTTTTTT
[08:06] {magoo} bidu down 73 points
[08:07] {magoo} 15 - 20 points the norm...73?????????????????????????
[08:10] {Threei} seems grossly overdone to me... but you know...
[08:10] {Threei} these things have inertia of their own
[08:10] {magoo} in all my years trading
[08:11] {magoo} bidu..goog never more than 30 points
[08:11] {Threei} DRYS report looked excellent... heavy selling into strength
[08:11] {magoo} we should take 200 somewghere amnd might catch 20 pts boss
[08:12] {magoo} can u get bidus report numbers?
[08:13] {Threei} Baidu.com Reports Q3 $2.07 v $1.83e, R $187.3M v $188Me
[08:13] {Threei} - Guides Q4 Revenues $174-180M v $204Me
[08:13] {Threei} - Q3 online marketing revenues +39% y/y
[08:13] {Threei} - Q3 active online marketing customers (+11.3% y/y and +6.4% q/q)
[08:13] {Threei} - Q3 revenue per online marketing customer +25.5% y/y
[08:13] {Threei} - Q3 R&D expenses +49.2% y/y
[08:13] {Threei} - Traffic acquisition costs as a component of cost of revenues were $28.7, representing 15.3% of total revenues v 11.8% y/y
[08:13] {Threei} - Comments:
[08:13] {Threei} - Baidu expects moderate year-over-year growth for the fourth quarter of 2009 due to the temporary negative impact anticipated when the Online Marketing Classic Edition is discontinued.
[08:13] {Threei} Baidu.com CEO Robin: Phoenix Nest System to have 10% impact on sales in Q4; sales impact may last "a couple of quarters"
[08:18] {magoo} i read it..is that THAT THAT bad?
[08:18] {Threei} not to me
[08:19] {Threei} but beware of forming a bias and trading on it
[08:19] {nemo} market sign how it's processing news on a bellewether?
[08:19] {nemo} good morning
[08:19] {Threei} right
[08:20] {nemo} I'm not as dumb as I look....then again...
[08:20] {nemo} Nobody could be THAT dumb...
[08:28] {Threei} mags
[08:28] {magoo} yea
[08:28] {Threei} this starts looking like first bounce area
[08:28] {Threei} but hey
[08:28] {Threei} you know how enormous the risk is on this animal
[08:28] {nemo} mags middle name
[08:31] {nemo} $ up .09
[08:31] {nemo} .07
[08:32] {Threei} 3 points up from my "call"
[08:32] {nemo} you play?
[08:32] {Threei} me no
[08:32] {nemo} towel stock?
[08:32] {Threei} me thinks of magoo who needs his dose of adrenaline
[08:34] {nemo} amzn in no-man
[08:34] {nemo} 's land
[08:35] {Threei} don't worry, it will hit new highs soon enough {G}
[08:36] {Threei} Iran govt: against sending a majority of its enriched uranium abroad all at once - Iranian State TV
[08:40] {Threei} (US) PIMCO's Bill Gross: GDP needs to stabilize at around +4% for the FOMC to raise rates
[08:40] {nemo} that'll be awhile
[08:41] {Threei} I wonder how hhe arrived to this particular number
[08:41] {Threei} and why it's the only indicator for such broadly involved move
[08:43] {Threei} DRYS is trying
[08:44] {KSystems} morning
[08:44] {nemo} morgen
[08:44] {Threei} ks :)
[08:45] {magoo} unlkess there is other news or something coming out..this BIDU is just STUPID
[08:46] {magoo} 84 points!!!!!!!!!!!!!!!!!!!!
[08:46] {Threei} DryShips, Inc Esitmates 2010 ship charter coverage at 92% with charters averaging $33,860/day - conf call comments
[08:46] {Threei} - Estimates 2011 ship charter coverage at 77% with charters averaging $37,110/day.
[08:49] {ese} morning
[08:49] {Threei} ese :)
[08:49] {Threei} mood is changing on it mags
[08:49] {ese} morning vad..and dude
[08:50] {magoo} in the context of this fall..it has yet to bounce
[08:51] {magoo} c'mon..it could bounce 40 points and still be a crushing
[08:51] {magoo} but i can tell its not going to do that
[08:52] {Threei} the question is, can you stomach 10 points drop if it choses to do so first?
[08:53] {magoo} anyone know where support is? like 335 or something?
[08:53] {ese} wow......bidu....82pt drop
[08:54] {nemo} 344
[08:54] {magoo} and why?
[08:54] {nemo} gap
[08:55] {nemo} next probably 317 area
[08:55] {nemo} then 304
[08:56] {fernp} Good morning everybody
[08:56] {Threei} fern :)
[08:56] {Threei} panic
[09:00] {Threei} AUG S&P/CASE SHILLER HOME PRICE INDEX: 146.0 V 144.2 PRIOR
[09:00] {nemo} $ -.03
[09:09] {nemo} maybe got your right shoulder on BIDU
[09:10] {Threei} need 350 decisive break for confirmation
[09:13] {strider} morning all:)
[09:13] {Threei} strider :)
[09:13] {ese} strider
[09:14] {Threei} DRYS battle
[09:15] {strider} CE, LDK, HMC
[09:15] {magoo} real battle @ 350
[09:16] {strider} Not as exciting as BIDU
[09:16] {ese} drys will follow the markets.......if the day goes down so will it ......even though the q was good.....it won't act on it's own
[09:16] {Threei} I agree ese
[09:17] {ese} i sold my position in it yesterday morning......and am now in a wait and see game
[09:17] {Threei} here we go BIDU
[09:20] {ese} i don't know that i've ever woken up to seeing something down 80 some points before......it's rare for me anyway
[09:21] {larisa} gm :)
[09:21] {magoo} OUIT 350.- to 354.50
[09:21] {nemo} 20% drop?
[09:21] {Threei} who went for it, be humble
[09:21] {magoo} WHEW
[09:21] {Threei} take 4 points jump
[09:21] {ese} larisa
[09:21] {Threei} larisa :)
[09:21] {Threei} wtg mags
[09:21] {nemo} Lari :)
[09:21] {larisa} :)
[09:21] {magoo} scared
[09:21] {dptl} morning
[09:21] {magoo} even me
[09:21] {Threei} dp :)
[09:21] {ese} wow mags
[09:21] {Threei} rightly so
[09:22] {ese} you bet scary
[09:22] {dino} gm all
[09:22] {Threei} AMZN trade looks like your average walk in the park comparing to this
[09:22] {ese} good job
[09:22] {Threei} dino :)
[09:23] {ese} eeeeyaaaaaaaaa
[09:23] {ese} give me amzn anyday over bidu
[09:24] {dino} funny 42% growth, no good
[09:25] {ese} is that for bidu 42%
[09:25] {dino} yeah
[09:26] {dino} wynn beats and drops .33 vs .15 est
[09:26] {Threei} there are buts in there
[09:27] {dino} a chair for every butt
[09:27] {Threei} not with BIDU... chairs are far and few between in it
[09:27] {Threei} a lot of butts miss their chair and hit the floor with thud
[09:28] {ese} lol
[09:29] {magoo} lowered guidance BIDU..thats why
[09:29] {Threei} switch to new technology impact
[09:32] {Threei} HIG, watching for pullback entry
[09:32] {Threei} under .60
[09:32] {magoo} AMZN kicked here
[09:33] {magoo} server vad
[09:33] {Threei} 12
[09:33] {cosmo} MDVN 28 hod ...so far
[09:34] {magoo} ty
[09:35] {Threei} missed HIG
[09:35] {Threei} anyone got it?
[09:35] {Threei} got distracted by LULU for one second
[09:36] {nemo} aig tank
[09:37] {magoo} u know..its a shame bidu didnt bounce like this BEFORE the bell..i would have rode it...but was tio afraid to hold into open
[09:38] {magoo} i KNEW it
[09:38] {magoo} 85 points is RETARDED
[09:39] {cosmo} AGNC
[09:39] {cosmo} tries to heal maybe
[09:41] {Threei} Short Setup: CAT half lot .10 break
[09:41] {Threei} if stays under .25
[09:42] {ese} drys broke yesterdays low
[09:42] {Threei} things are really jumpy this morning
[09:43] {ese} market will be in correction mode for a little bit i think......... imo
[09:43] {Threei} long overdue
[09:44] {magoo} in cat
[09:44] {Threei} US) Preview: Oct Richmond Fed Manufacturing Index due out at 10amET
[09:44] {Threei} **consensus expectation: 14e v 14 prior
[09:45] {Threei} US) Preview: Oct Consumer Confidence due out at 10amET
[09:45] {Threei} **concensus expectation: 53.5e v 53.1 prior
[09:45] {cosmo} AGNC 26.60 hod
[09:45] {cosmo} gonna test
[09:46] {cosmo} i think
[09:46] {Threei} CAT 1:1
[09:46] {nemo} ty
[09:47] {magoo} my quotes so bad..tried every server..gonna revbboot
[09:48] {Threei} your end mags
[09:48] {Threei} fine here
[09:49] {ese} yrcw.....at it again
[09:49] {Threei} what's with me and HIG today, keep missing it
[09:50] {Threei} Long Setup: RIMM half lot .70 break
[09:51] {Threei} never mind
[09:51] {cosmo} AGNC 26.60 testing
[09:51] {cosmo} possible pivot
[09:53] {magoo} back
[09:55] {magoo} iun anything?
[09:55] {nemo} coma?
[09:55] {Threei} numbers in 5
[09:55] {Threei} let's wait them out
[09:55] {magoo} oh
[09:56] {Threei} smackdown can be harsh
[09:56] {Threei} don't want to get caught in extreme reaction
[09:56] {Threei} a lot of stocks more nervous today than usual as it is
[09:57] {cosmo} agnc
[09:58] {Threei} GLD forming breakdown
[09:58] {Threei} .60
[09:59] {Threei} if numbers send market down, that's a good short
[09:59] {nemo} aig poised to drop
[09:59] {fernp} LVS too
[10:00] {Threei} *(US) OCT CONSUMER CONFIDENCE: 47.7 V 53.5E
[10:00] {nemo} oh boy
[10:00] {Threei} yikes
[10:00] {nemo} sell the women and children
[10:00] {Threei} to whom?
[10:00] {Threei} no buyers in sight
[10:00] {nemo} eh...good point
[10:00] {Threei} lol
[10:01] {Threei} EUR/USD USD firms on risk aversion following consumer confidence data
[10:01] {cosmo} offer a free trial, nemo
[10:01] {Threei} anyone went for GLD, start covering
[10:01] {strider} out GLD .22 thanks
[10:01] {Threei} wtg
[10:02] {Threei} watching HIG for bounce
[10:04] {Threei} something about it today, can't get a read on it
[10:04] {strider} LDK holding well
[10:04] {strider} upgrade
[10:04] {Threei} sheesh, how did I forget about CAT on those numbers
[10:04] {Threei} what a short that wads
[10:08] {ese} whats going on.....all my quotes have stopped
[10:08] {Threei} Short Setup: AMZN .50 break
[10:08] {Threei} half lot
[10:08] {Threei} if stays below .65
[10:08] {Threei} invalidated
[10:10] {ese} out of commision here...patience how about you
[10:10] {Threei} Long Setup: HIG .50 break
[10:11] {Threei} if stays above .40 for scalpers
[10:11] {Threei} .35 for day traders
[10:12] {magoo} in
[10:12] {Threei} big offer at .50, why go in aggressively
[10:12] {nemo} You're asking Magoo?
[10:12] {magoo} half lot..will add at trigg
[10:13] {magoo} like to get in
[10:13] {magoo} add as it goies
[10:13] {magoo} me and jesse
[10:13] {magoo} livermore
[10:13] {magoo} see
[10:13] {Threei} 1:1 for scapers
[10:13] {fernp} ty
[10:13] {nemo} Lari!
[10:14] {Threei} 1:1 for day traders
[10:14] {strider} out +.17 HIG
[10:14] {strider} early entry
[10:14] {Threei} finally found entry on this thing, lol
[10:14] {fernp} great job strider
[10:14] {strider} Thanks...I hate to get caught up in the rush
[10:15] {magoo} out .73 TY
[10:15] {Threei} welcome
[10:15] {gnslng} ty
[10:15] {Threei} :)
[10:15] {ese} well i'm cut off.......no quotes from broker
[10:15] {magoo} i knew u'd get it right 1 of those tries
[10:15] {strider} who's your broker, ese?
[10:15] {ese} questrade in toronto
[10:16] {Threei} ese is trading with "I know I should have dumped this piece of crap long ago"
[10:16] {ese} been to lazy to change
[10:16] {ese} yup
[10:16] {magoo} i thinking of switching to them
[10:16] {Threei} lol
[10:16] {magoo} heard great things
[10:17] {ese} such as
[10:17] {strider} CNC
[10:17] {ese} somebody give me a quote for drys
[10:17] {magoo} well..i heard they are 286 and commodore compatible
[10:17] {Threei} am I blind today or what
[10:17] {Threei} clean double top on AMZN
[10:17] {Threei} lol
[10:18] {Threei} I knew it oughta be good mags
[10:18] {Threei} 6.52 ese
[10:18] {ese} tks
[10:18] {strider} VAD, IACI.
[10:19] {strider} ?
[10:19] {Threei} if we were in uptrending market, I'd say buy it and leave it alone for couple hours
[10:20] {Threei} as it is... really don't know
[10:20] {Threei} hate to go long in this swamp,
[10:20] {strider} thx
[10:20] {Threei} hate to short uptrending stock
[10:22] {Threei} (RU) Russia Central Bank: more than 30 banks with serious problems
[10:28] {fernp} SYY also is a hod breakout
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 300M shares, about 6% above its three-month average; decliners and advancers are about even.
[10:31] {Threei} - NASDAQ volume 590M shares, about 5% above its three-month average; decliners and advancers are about even.
[10:31] {Threei} - VIX index +1.75% to just under 25.00
[10:31] {Threei} QTWW Fisker Automotive confirms to buy auto plant for $18M; to build plug in hybrids (1.46, +0.11, 8.15%)
[10:36] {Threei} cat
[10:36] {Threei} want to find short entry on it
[10:37] {Threei} would prefer a bounce instead of breakdown
[10:37] {magoo} hey trev
[10:38] {lasertrev} hey magoo
[10:38] {ese} i'm back
[10:38] {Threei} no bounce
[10:38] {larisa} 56.45 support CAT
[10:38] {Threei} .45 break is short setup
[10:39] {Threei} if stays under .60
[10:40] {Threei} no go
[10:40] {magoo} futes trying up
[10:40] {Threei} I knew I didn't want breakdown
[10:41] {Threei} and HIG .40 break occured faster than I could alert
[10:42] {Threei} look at this clean 1:2 in 1 bar
[10:43] {magoo} mkts STRONG here
[10:43] {magoo} unreal
[10:43] {nemo} had two strong down days, makes sense
06[10:43] * magoo slaps nemo around a bit with a large trout
[10:44] {magoo} that makes more sense
[10:44] {nemo} in your twisted cranium
[10:44] {magoo} in the movie...u are the mad cap'n lol
[10:45] {nemo} takes one...
[10:45] {Threei} I hate to do it but
[10:45] {Threei} Long Setup: CAT 57 break
[10:45] {Threei} half lot
[10:45] {nemo} said with such conviction...
[10:46] {Threei} low of pullback before break plus a few cents will be stop
[10:46] {fernp} stop Vad?
[10:46] {fernp} ok
[10:46] {Threei} if breaks from here, .90 low
[10:48] {Threei} Long Setup: HIG .60 break if stays above .50
[10:50] {ese} L drys .55
[10:51] {Threei} HIG invalidated
[10:51] {fernp} CAT invalidated, no Vad?
[10:52] {Threei} yeah, too deep pullback
[10:52] {Threei} biunce maybe, breakout - no
[10:52] {fernp} ok
[10:52] {nemo} spy broke trend
[10:54] {Threei} (US) Reportedly US Congressional Deomcrats to unveil Bill to target tax evasion
[10:54] {nemo} Mmmhhhh...wonder if they'll go after Rangel
[10:58] {Threei} CAT reestablished
[10:59] {nemo} oops
[10:59] {fernp} a bit late
[11:00] {strider} ese you still in DRYS?
[11:01] {Threei} CAT, same setup again
[11:01] {Threei} invalida'ted
[11:01] {Threei} lol
[11:03] {ese} yup....
[11:03] {strider} thx
[11:03] {ese} will be accumulating a position over time here
[11:03] {strider} for overnight hold?
[11:04] {magoo} vad..start following AMZN please
[11:04] {ese} no this is a swing positon....maybe longer......
[11:04] {strider} k
[11:05] {ese} 20
[11:05] {ese} am prepared to take some heat if i have to
[11:06] {nemo} H&S on spy and Qs
[11:10] {Threei} watch for dive under 122 for double bottom entry mags
[11:12] {magoo} ty
[11:13] {magoo} jusyt want mkt cooperatiuoin troo
[11:14] {magoo} sigh..typing lol
[11:14] {Threei} lol
[11:14] {magoo} thats bad
[11:22] {dino} wynn sept gap fill
[11:24] {nemo} aapl should bounce around .60
[11:25] {nemo} I lied...amzn
[11:25] {larisa} confused me for sure:)
[11:26] {fernp} HGSI is holding on highs
[11:26] {Threei} remarkable strength
[11:28] {fernp} Im long .61 w/stop under .50
[11:28] {fernp} small shares, is lunchtime
[11:29] {Threei} good one
[11:29] {fernp} you know i am out, true? lol
[11:30] {fernp} ty
[11:36] {dino} ibcpo
[11:37] {magoo} i hit amzn .99
[11:37] {magoo} long
[11:39] {magoo} want more than a scalp...but u know what greedd gets magoo
[11:41] {larisa} half a point is not really a scalp :)
[11:41] {Threei} in magoo terms it is
[11:41] {larisa} lol
[11:41] {magoo} ok..u gonna start with me or what ??
[11:41] {dino} sgms sm l .50
[11:41] {larisa} .99 entry on pullback was good though
[11:42] {larisa} it is still uptrending, still has a chance
[11:45] {Threei} Wynn Resorts LTD CEO: If things continue the way they are, we will equal or beat 2008 revenue in Las Vegas - conf call
[11:45] {Threei} - The room rates for everybody in Vegas are down, all visitors are spending less in Vegas.
[11:45] {Threei} - "Bigger is not better in our business, better is better."
[11:46] {dino} hmin sm l .25
[11:47] {dino} better is better, profound
[11:47] {cosmo} but best is best
[11:48] {dino} :)
[11:48] {Threei} and let me guess... worse is worse?
[11:50] {cosmo} " best is best; never let it rest...."
[11:50] {dino} so the old "not bad as in bad, but bad as in good" is out
[11:51] {cosmo} hmmmm....now i need a nap
[11:51] {Threei} to say I am confused would be understatement of the day
[11:52] {magoo} l cat cross of 57
[11:52] {magoo} long
[11:52] {magoo} just a scalp
[11:52] {fernp} FITB lod
[11:55] {magoo} god dammit..i said in here pre mkt that bidu should have a 40 point bounce....im not as nuts as u all think
[11:55] {nemo} nuts yeah...stupid...no
[11:55] {magoo} 40 freaking pt bounce going on
[11:59] {dino} sgms to .90
[11:59] {magoo} CAt cant get out of ANUS
[12:00] {dino} nasty
[12:01] {Threei} Market Internals update at 12:00pmET
[12:01] {Threei} - NYSE volume 535M shares, about 11% above its three-month average; advancers lead decliners by 1.1:1.
[12:01] {Threei} - NASDAQ volume 1.05B shares, about 4% above its three-month average; decliners and advancers are about even.
[12:01] {Threei} - VIX index +0.50% to just under 24.50
[12:02] {dino} out sgms .90, +.40
[12:02] {fernp} gj
[12:02] {dino} ty
[12:02] {larisa} just a scalp :)
[12:02] {Threei} A{ZN feels like breakdown
[12:02] {Threei} AMZN too
[12:02] {nemo} lari!
[12:03] {larisa} magoo is bad influence.. vad too..
[12:04] {Threei} and when we cooperate...
[12:04] {larisa} me and dino run fast :)
[12:05] {Threei} if anyone went for AMZN short, look for sharp dive
[12:05] {Threei} here it comes
[12:05] {dino} mrvl sm l .70, gap filled
[12:07] {Threei} ok... traditional questional comes
[12:08] {Threei} guess who is on TV...
[12:08] {strider} Leslie Caron
[12:08] {nemo} you want a guess?
[12:08] {nemo} Kate Beckinsale?
[12:08] {nemo} Strider wins on originality
[12:09] {Threei} how comes after a few months of me asking this and answer being the same, no one guesses right still {GGG}
[12:09] {strider} Bob Dylan
[12:09] {nemo} ahhhh....the jewish folksinger
[12:10] {strider} yadda yadda yadda
[12:10] {nemo} If I were a rich mannnnn.....
[12:10] {nemo} poor Raven
[12:12] {strider} If I would just get up every monring, sell NTES, and go back to bed--I'd be a lot better off.
[12:13] {Threei} yeah but should you try the same in July -Aug...
[12:16] {strider} So, then I would be selling encyclodpedias?
[12:17] {Threei} lol
[12:21] {magoo} ok magoo update
[12:21] {ese} nemo.....you there
[12:21] {nemo} dude
[12:22] {ese} do you have the ability to calculate the vwap for drys for the last 6 monts
[12:22] {magoo} vads amzn call got me out 121..flat...i then reloaded the next cross over 121..and exited here .64
[12:22] {magoo} ty boss
[12:22] {nemo} I'll check
[12:22] {dino} wynn sm l .65 wide
[12:22] {Threei} sure thing
[12:23] {ese} it just bolunced of the 200 ma which is big for funds
[12:23] {ese} bolunced??
[12:23] {ese} i like that
[12:23] {ese} how bout bounced
[12:23] {nemo} whadya' want to know ese?
[12:24] {ese} baited breath on this side of room
[12:24] {ese} ?
[12:24] {dino} we call that zackly
[12:24] {ese} what the price is for vwap on drys...last 6 months
[12:25] {nemo} anchored it in march...it's right at vwap @ 6.51
[12:25] {ese} tks.....
[12:28] {strider} Is AMZN looking like a long breakout?
[12:28] {Threei} the biggest event of the day is, AGAM has moved away from 14.50
[12:29] {nemo} YIPPEEEEE!!!!
[12:29] {Threei} 50/50 strider
[12:29] {Threei} can break down losing .50 just as easily
[12:29] {strider} you mean like that?
[12:30] {Threei} lol
[12:30] {ese} dis is berry berry gouud to no fur sving traind.
[12:30] {nemo} remind me not to calculate for you while I'm watching a couple of levels...both cat and aig dropped on me
[12:31] {ese} when drys pays off again....i'll send ya a bottle of wine.......much appreciated
06[12:32] * nemo {---crying
[12:32] {ese} there there....there there.........my family is deeply in your debt
[12:33] {nemo} no I'm in debt...you've cleaned up this year...by the way...cof short on a pullback?
[12:33] {ese} and so is vad........i can afford to be on the board for longer
[12:36] {Threei} when the market gets locked like this, I don't want to push anything
[12:36] {Threei} recipe for stop after stop
[12:40] {Threei} F Reportedly struggling with UAW to win concessions in labor negotiations (7.38, -0.09, -1.20%)
[12:41] {dino} uaw wants another govt motors
[12:42] {dino} wynn stopped -.40
[12:42] {Threei} sure... why do they need competition...
[12:43] {ese} yaaaaa exactly........my point as well..................ahhhh what were we atlking about
[12:43] {strider} EXPE interesting
[12:44] {dino} wait until airlines union figures this out
[12:47] {ese} ok one adrenalin rush needed L pnc .01
[12:48] {ese} out pnc .10 +.09
[12:48] {dino} that wynn is a pain
[12:49] {dino} hmin stopped
[12:49] {ese} no it wasn't ....i rather enjoyed my last win
[12:49] {dino} hmmm
[12:49] {ese} I don't deserve to be on the board today do I..........really really bad jokes coming from my end
[12:50] {larisa} relax ese and start fresh.. good morning :)
[12:50] {ese} lol
[12:50] {ese} good morning
[12:50] {Threei} Long Setup: HIG .46 if stays above .40
[12:51] {ese} vad missed my bathroom joke though......maybe that was a good thing
[12:52] {Threei} here is real bathroom joke:
[12:52] {Threei} JPM CEO Dimon: large corporate credit is "flowing" - TV interview
[12:53] {Threei} USD strength will depend of budget discipline - TV interview
[12:53] {Threei} - Any chance of financial armageddon taking place is over
[12:54] {nemo} budget discipline? ahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahahahahahahahhahah
[12:54] {Threei} needless to say, HIG is invalidated
[12:55] {nemo} must of read what dimon said.
[12:56] {Threei} Short Setup: CAT .60 break if stays under .70
[13:00] {magoo} in
[13:03] {dino} sm l wynn .00
[13:06] {Threei} okay CAT
[13:06] {Threei} it's time
[13:06] {Threei} here kitty kitty
[13:07] {fernp} ty
[13:07] {Threei} yw
[13:07] {magoo} lol
[13:18] {Threei} HIG is not dropping with market anymore
[13:18] {Threei} watching as bounce candidate
[13:19] {nemo} neither is cat
[13:19] {Threei} if market recovers any, HIG won't be a scalp
[13:19] {Threei} should return to .40 roughly
[13:22] {Threei} (IS) Sky News reports a rocket has been fired from South Lebanon toward Israel
[13:26] {magoo} cat finally
[13:27] {magoo} covered .45 TY
[13:27] {Threei} welcome
[13:31] {fernp} I traded AET this morning, is another insurance company like HIG and still is strong. Maybe a good candidate if market bounces
[13:32] {dino} aet heath insurance hmo. hig is property/casualty/life/annuity fwiw
[13:33] {dino} the govt option will hurt the hmo
[13:33] {dino} imo
[13:33] {Threei} yeah, a bit different animal
[13:34] {fernp} insurance companies (both in KIE etf)
[13:38] {ese} gotta go catch you all tomorrow......
[13:38] {Threei} take care ese
[13:38] {ese} see ya vad
[13:39] {fernp} bye ese
[13:40] {Threei} Short Setup: QID .80 break if holdong below .90
[13:41] {strider} missed it
[13:41] {fernp} late here
[13:41] {nemo} me too
[13:42] {Threei} broke down fast
[13:42] {Threei} or I was late
[13:42] {Threei} or both
[13:42] {nemo} your fault
[13:42] {Threei} yup
[13:42] {nemo} it was right there
[13:44] {Threei} nice bounce HIG
[13:44] {Threei} no technical entry point, just had to go with masrket
[13:46] {dino} hate to say it, but the earnings misses are acting like last fall misses
[13:46] {nemo} that is....
[13:46] {Threei} you assume anyone remembers what happened last fall
[13:46] {nemo} what's my name?
[13:46] {dino} of course
[13:46] {strider} all the leaves fell off the trees :(
[13:47] {Threei} last time I pooled this room, no one could remember who I was
[13:47] {nemo} it's painful
[13:47] {magoo} enlighten me
[13:48] {dino} major blood on misses
[13:48] {dino} 10%
[13:49] {Threei} and sell=offs after brief spikes on beats
[13:50] {dino} i don't recall spikes, lol
[13:51] {magoo} could we successfully trade it? i dont remember any of it
[13:51] {Threei} kidding? we killed last fall
[13:51] {magoo} reaqlly?/we made good dough?
[13:52] {Threei} sigh... I am going to monastery
[13:52] {Threei} stretches of week after week with no losing days while whole world cried, and no one remembers
[13:54] {strider} I remember, Vad:)
[13:54] {nemo} me too
[13:54] {tomg} lastertrev, see dcc
[13:55] {fernp} took another +13 on AET from .86 to .99 :)
[13:55] {Threei} yeah... but who are you two?
[13:55] {Threei} wtg fern
[13:55] {fernp} ty
[13:55] {nemo} fine
[13:55] {Threei} don't get upset nemo, I don't remember who magoo is just as well
[13:55] {strider} Just trying to suck up to da man.
[13:56] {Threei} moth-like memory is a requirement, you know
[13:57] {Threei} US) US Senator Lieberman would join a Republican filibuster of Majority Leader Reid's healthcare reform bill - Politco.com
[13:57] {Threei} - Politico reports that Lieberman, who caucuses with Democrats and is positioning himself as a fiscal hawk on the issue, said today he would join a potential filibuster on concern about the costs of the plan.
[13:58] {nemo} from Ct. isn't that where hig is hq'd?
[13:58] {dino} y
[13:59] {nemo} hehehe
[14:00] {nemo} can't tell if amzn is going up or down, but about to run into the 200 ma
[14:00] {nemo} weighted that is
[14:01] {larisa} 119.50 was a gift db, missed it.
[14:05] {Threei} fern... see how different dynamics are between AET and HIG?
[14:05] {Threei} health care bill reflects on AET
[14:05] {fernp} yes
[14:05] {Threei} public option sends it down screaming... no public option keeps it floating
[14:07] {fernp} AET is long here again w/stop under .90 or .95 for pesky ones :)
[14:08] {Threei} probably... swims well, juts needs market to stop dropping
[14:08] {Threei} tests day high
[14:08] {Threei} and that's with market not far from day's low
[14:09] {nemo} amzn 4th test of this level
[14:09] {fernp} exactly!!!
[14:10] {Threei} Market Internals update at 2:00pmET
[14:10] {Threei} - NYSE volume 790M shares, about 15% above its three-month average; decliners lead advancers by 1.7:1.
[14:10] {Threei} - NASDAQ volume 1.54B shares, about 6% above its three-month average; decliners lead advancers by 1.5:1.
[14:10] {Threei} - VIX index +3% to just over 25.00
[14:10] {Threei} time for bounce
[14:10] {Threei} come on market, let' pretend one last time you have spine
[14:10] {nemo} bidu at vwap for mags
[14:10] {Threei} Long Setup: HIG .10
[14:12] {fernp} stop under 24?
[14:13] {Threei} yeah
[14:13] {Threei} AET merrily moves on merely suggestion of uptick by the market
06[14:15] * Threei kicks hig in the rear with heavy duty army boots
[14:15] {nemo} hadn't pulled the boots out in a while
[14:16] {Threei} color me irritated
[14:16] {Threei} 1:1
[14:17] {Threei} AET pure beauty
[14:17] {fernp} i am out on both :) HIG and AET
[14:17] {Threei} gj
[14:17] {fernp} ty
[14:17] {Threei} perseverance fern... :)
[14:17] {Threei} couple dubious days... shrug off, come back fresh, trade well
[14:17] {Threei} reward comes quickly
[14:18] {fernp} sun shines again
[14:20] {gnslng} me too ty +.10
[14:21] {Threei} :)
[14:21] {Threei} AET 30 cents move from break
[14:21] {Threei} HUM moved even more
[14:21] {Threei} same area
[14:21] {Threei} thinner one
[14:22] {Threei} let's keep them in mind as health care debate comes to final stages
[14:23] {Threei} (IS) Reportedly Israel retaliates, firing several shells into Southern Lebanon
[14:23] {Threei} **Reminder: earlier Israeli police reported a Katyusha rocket or mortar shell was fired from Lebanon into Northern Israel causing no casualties or damage.
[14:24] {Threei} where the hell do they get katyusha... WW2 weapon
[14:25] {larisa} crisis, one of the new russians sold from his backyard collection
[14:25] {Threei} lol
[14:25] {Threei} upgraded to Grad?
[14:25] {larisa} nah, they like old things :)
[14:26] {Threei} HIG 1:2
[14:27] {gnslng} did you partial on the way ?
[14:28] {Threei} no
[14:28] {gnslng} thks
[14:28] {Threei} I barely see screens through the tears
[14:29] {Threei} regret of selling AET at .20
[14:29] {fernp} Have a nice evening everybody. See u all tomorrow
[14:29] {Threei} take care fern
[14:29] {Threei} we will kill them tomorrow again
[14:29] {Threei} unless they kill us
[14:29] {fernp} :)
[14:31] {Threei} UBS Technincal Note: Equity Analysis highlights short term sell signals
[14:31] {Threei} - a note out during European trading hours suggests a larger divergence in momentum and volume indicators along with SP 500 break of key support at 1080 opens up a move towards 1000 over the next 2 weeks. 1048 seen as possible support level, but sell signal remains in tact barring a breakout above 1100.
[14:32] {Threei} Econ Shiller: recent US home price gains unsustainable - TV interview
[14:47] {Threei} Short Setup: AET .40 break
[14:47] {strider} in
[14:49] {strider} stop .50 something?
[14:49] {Threei} just above
[14:50] {Threei} picking only plays with tight stops, not more than 10 cents range
[14:52] {Threei} FDX Hearing added to SOLAR Buy list at Deutsche Bank (timing uncertain)
[14:52] {Threei} huh?
[14:52] {Threei} SOLAR is not solar I guess?
[14:52] {Threei} some acronym?
[14:52] {nemo} FDX=Fed Ex
[14:53] {Threei} 'cause what does FDX have to do with solar, lol
[14:55] {nemo} spy green
[14:56] {Threei} [14:10] {Threei} time for bounce
[14:56] {Threei} [14:10] {Threei} come on market, let' pretend one last time you have spine
[14:56] {Threei} now I am crying about HIG too
[15:04] {dino} aug, sept, oct now dropped 3-3.5% after expiration. does the pattern cotinue and we soon go up
[15:04] {Threei} looking at daily, we are right at such poinmt
[15:04] {dino} previously, we would drop the week before exp. lasted about 8 months, until july
[15:05] {Threei} but my bet is, "this time it's different"
[15:05] {dino} you see what i see on the point. but not sure this time is different, we shall find out soon
[15:05] {Threei} this pullback should be much deeper
[15:05] {Threei} I do
[15:05] {Threei} exact repetition so far
[15:06] {dino} on dji yes, but s/p, and ndx are there, mo
[15:06] {Threei} two differentces though
[15:06] {Threei} first, volume pattern changed
[15:06] {Threei} red days became much heavier than green ones
[15:07] {Threei} and second, we are geting selling on good earnings
[15:07] {strider} outAET flat
[15:07] {strider} gotta run...see you guys tomorrow.
[15:07] {magoo} c u strider
[15:07] {dino} cya
[15:07] {nemo} you outta aet?
[15:08] {strider} yeah.....out flat.
[15:08] {dino} feels a bit different, but so did last months' end
[15:08] {Threei} take care strider
[15:08] {dino} sentiment seems to change on a dime
[15:08] {nemo} we're drowning in liquidity this year...last year we were dying of thirst
[15:11] {dino} extending homebuyers credit, key dems
[15:12] {Threei} AET 1:1
[15:12] {Threei} whart happened today?
[15:12] {Threei} every trade works
[15:13] {Threei} I am uncomfortable, lol
[15:13] {magoo} let me help
06[15:13] * magoo slaps Threei around a bit with a large trout
06[15:13] * magoo slaps Threei around a bit with a large trout
06[15:13] * magoo slaps Threei around a bit with a large trout
[15:13] {Threei} hmmm... just how does it help, pray tell?
[15:14] {magoo} trust me...i feel much better
[15:14] {Threei} I mean, I am lying on the floor now and reek of fish
[15:14] {Threei} you maybe
[15:14] {Threei} I, not so much
[15:16] {Threei} nemo, out AET?
[15:16] {nemo} yep
[15:16] {Threei} kewl
[15:16] {nemo} ty
[15:17] {nemo} hate those rides to the edge
[15:17] {Threei} yeah, tough on nrves
[15:17] {nemo} reminds me of skiing off cliffs by accident
[15:17] {nemo} hair can't get any grayer
[15:19] {nemo} nice trendlines on spy and qs
[15:20] {nemo} amzn mags
[15:21] {nemo} this rise on dropping volume though
[15:25] {Threei} seems to be breakdownish to me here
[15:26] {Threei} not going to trade it though
[15:37] {Threei} HIG near 24 again
[15:37] {Threei} third time
[15:38] {Threei} AET 1:2 - pity we are not in anymore
[15:40] {Threei} Market Internals update at 3:30pmET
[15:40] {Threei} - NYSE volume 1.03B shares, about 17% above its three-month average; decliners lead advancers by 1.6:1.
[15:40] {Threei} - NASDAQ volume 1.98B shares, about 6% above its three-month average; decliners lead advancers by 1.5:1.
[15:40] {Threei} - VIX index +1.35% to just over 24.50
[15:40] {Threei} last scalp?
[15:40] {Threei} Long Setup: HIG .06
[15:40] {Threei} stop is self-explanataory
[15:44] {Threei} 1:1
[15:44] {Threei} what, everyone suddenly fell asleep?
[15:47] {nemo} yeah...you said you weren't going to trade it
[15:47] {Threei} ??
[15:47] {tomg} i took it vad, ty
[15:47] {Threei} tom :)
[15:48] {nemo} [15:25] {&Threei} not going to trade it though
[15:48] {nemo} [15:37] {&Threei} HIG near 24 again
[15:48] {nemo} [15:37] {&Threei} third time
[15:48] {Threei} nemo...
[15:48] {Threei} 15:20] {nemo} amzn mags
[15:48] {Threei} [15:21] {nemo} this rise on dropping volume though
[15:48] {Threei} [15:25] {Threei} seems to be breakdownish to me here
[15:48] {Threei} [15:26] {Threei} not going to trade it though
[15:48] {nemo} Vad...
[15:48] {Threei} which has absolutelky nothing to do with
[15:48] {Threei} 15:40] {Threei} Long Setup: HIG .06
[15:48] {Threei} [15:40] {Threei} stop is self-explanataory
[15:49] {nemo} yeah...you changed your mind while I was indisposed
[15:49] {Threei} even if 15 min between them don't clue you in, the divergence between "breakdownish" and long call should have...
[15:50] {nemo} that's pretty impressive support
[15:57] {Threei} this time only bell may save HIG
[15:57] {Threei} 24 is ready to give in
[15:57] {nemo} always after hours :)
[16:00] {nemo} wow, good size blocks traded on hig at the last minute
[16:01] {nemo} last second actually
[16:01] {magoo} we need to focus away from HIG
[16:01] {Threei} those are not real trades
[16:01] {Threei} closing blocks
[16:01] {magoo} 'all day and moves only a dime
[16:01] {Threei} thasnk you all, have a good evening
[16:01] {Threei} see you tomorrow
[16:02] {nemo} o.k. night