Monday, November 2, 2009

Nov 02 2009

Strong start for the week with 6 wins out of 7 calls. HIG was out best performer on both long and short sides, RIMM and NTRI added some to it.
Session Time: Mon Nov 02 00:00:00 2009

[08:32] {strider} .
[08:33] {nemo} ?
[08:33] {strider} morning, nemo. just check for connection.
[08:41] {nemo} yes...mine was the response :)
[08:42] {strider} {}
[08:43] {Threei} DNDN Dendreon Corp Completes Submission of Biologics License Application for PROVENGE
[08:43] {Threei} - Is seeking licensure for PROVENGE for men with metastatic castrate-resistant prostate cancer (CRPC). If approved by the FDA, PROVENGE would represent the first product in the new therapeutic class known as active cellular immunotherapies.
[08:49] {strider} HGSI
[08:50] {Threei} Human Genome Sciences Inc Discloses positive results in second of two Phase III trials of BENLYSTA lupus
[08:50] {Threei} - HGSI and GSK announced that BENLYSTA (belimumab) met the primary endpoint in BLISS-76, the second of two pivotal Phase 3 trials in seropositive patients with systemic lupus erythematosus (SLE).
[08:51] {Threei} - The BLISS-76 study is ongoing and will continue for 24 more weeks.
[08:51] {nemo} Why couldn't you tell us on Friday this was going to happen?
[08:51] {nemo} Don't tell me...the cat ate tomorrows WSJ...
[09:03] {nemo} wow...rimm down big this morning
[09:05] {Threei} and the reason is beyond sarcasm:
[09:05] {Threei} RIMM CitiGroup Cuts RIMM to Sell from Hold, price target: $50
[09:05] {Threei} - Removed from Top Picks Live!/Global Tech Conviction List
[09:05] {Threei} get it?
[09:06] {nemo} yep...somebody is in accumulation mode
[09:06] {Threei} ummm
[09:06] {Threei} who went bankrupt this weekend?
[09:06] {nemo} CIT
[09:07] {ese} good morning
[09:07] {Threei} ese :)
[09:07] {nemo} dude
[09:08] {Threei} yes, BLTXX is up 3rd day in a row
[09:08] {ese} dude.....were back at it
[09:08] {fernp} Good morning everybody
[09:08] {Threei} fern :)
[09:08] {ese} yes indeed
[09:08] {ese} fern
[09:13] {strider} herding cats
[09:14] {lasertrev} good morning
[09:14] {Threei} trev :)
[09:16] {_Les__} bonjour messieurs et madames
[09:16] {Threei} good morning les
[09:16] {nemo} haroo
[09:17] {_Les__} What's good morning in Russian Vad? Or does Ukraine have seperate language?
[09:17] {Threei} dobroe utro
[09:17] {Threei} and yes, Ukrainian is close as most slavic languages but still eparate
[09:18] {Threei} I speak it although my native is Russian
[09:18] {dino} gm all
[09:18] {Threei} dino :)
[09:18] {ese} dino
[09:18] {dino} rimm in gap area 48-58
[09:19] {dino} nice of c to lower rimm after 25 pt drop
[09:19] {Threei} ugh dino... ruined my favorite joke of this morning
[09:20] {dino} thats value added research
[09:20] {Threei} using similarity of C and CIT names... referring to downgrade as last before-death act by CIT
[09:20] {_Les__} So Vad, change of trend good to go? I remember rather poor volume close of last week? Or bounce still in cards?
[09:21] {_Les__} sorry, too many question marks there...
[09:21] {Threei} so far we have lower lows
[09:21] {Threei} and bounces serve as whack-a-mole targets
[09:21] {Threei} bounce however strong it was, was limited to a single day
[09:21] {_Les__} so does RIMM downgrade serve as whack a mole?
[09:22] {Threei} RIMM downgrade doesn't matter at all in a big picrure
[09:22] {_Les__} ok
[09:22] {Threei} I refer to buying/selling
[09:22] {dino} imo watch s/p 1019
[09:22] {dino} that needs to hold
[09:22] {Threei} we had a week of strong selling on increasing volume,
[09:22] {Threei} low volume one day bounce,
[09:23] {dino} sept low 992, aug low 978
[09:23] {Threei} stronger volume selloff next day, eclipsing that bounce
[09:23] {Threei} so far, it's downtrend establishing itself
[09:24] {ese} rimm sure is interesting...if it hits 50.......thats free money territory
[09:25] {dino} i like it 48-50 too. exp. the 20th, it will get there
[09:27] {fernp} F is active this morning. Now consolidating on highs
[09:27] {Threei} F CFO: Expects structural costs to remain stable moving forward - conf call
[09:28] {Threei} Reports Q3 $0.26 (ex items) v -$0.12e, R $30.9B v $28.3Be; Guides Q4 production +16% q/q and See's FY11 as "breakeven or better"
[09:28] {ese} this correction ain't over yet.......we got about a month and some of this to various ways
[09:28] {Threei} YRCW Halted: Defines terms of exchange offer (3.65, 0.00, 0.00%)
[09:28] {ese} imo
[09:31] {ese} L fitb .11
[09:31] {_Les__} dunno about stateside, but the offering of Ford cars here in Europe are pretty good, fairly classy new designs and selling reasonable well, from what I see
[09:32] {Threei} F Fitch revises outlook to positive; (7.82, +0.82, 11.71%)
[09:32] {ese} out fitb .18 +.07
[09:32] {_Les__} someone dumping their F stock?
[09:33] {Threei} HGSI
[09:33] {Threei} starts looking like runner of the day
[09:33] {ese} nice hgsi up 39%
[09:34] {Threei} momo, nop technicals to it
[09:34] {nemo} amzn weak
[09:34] {Threei} let's wait, maybe a good pullback gives us better read
[09:35] {_Les__} CYTX
[09:35] {Threei} Long Setup: HIG .05
[09:35] {Threei} if sdtays above .90
[09:36] {ese} in
[09:36] {ese} .06
[09:37] {Threei} salmon... market bounce should send it up screaming
[09:38] {fernp} ty Vad
[09:38] {Threei} not fooling around eh fern
[09:39] {fernp} mi fill was 25.00 good job Laser :)
[09:39] {fernp} mi = my in spanish. lol
[09:40] {Threei} some numbers at 10
[09:40] {Threei} Preview: Oct ISM Manufacturing due out at 10amET
[09:40] {Threei} **consensus expectation: 53.0e v 52.6 prior
[09:41] {Threei} Preview: Sept Pending Home Sales due out at 10amET
[09:41] {Threei} **consensus expectation (m/m): 0.0%e v 6.4% prior
[09:41] {Threei} Preview: Sept Construction Spending due out at 10amET
[09:41] {Threei} **consensus expectation (m/m): -0.2%e v 0.8% prior
[09:41] {ese} out hig .14 +.08 good enough
[09:41] {ese} tks vad
[09:41] {fernp} out again. ty ty Vad
[09:41] {Threei} lol
[09:41] {Threei} yw yw
[09:43] {Threei} HIG 1:1, half out or scalp
[09:43] {Threei} half for me
[09:43] {Threei} will try to squeeze all I can
[09:43] {strider} ME TOO
[09:43] {strider} me too
[09:43] {fernp} important numbers soon...
[09:43] {Threei} 17 min
[09:43] {Threei} a lot can happen till then
[09:44] {Threei} stop to under 25
[09:44] {Threei} and if scalpers qwin, what else is new
[09:46] {Threei} they win
[09:47] {ese} dino checked out ntes
[09:47] {ese} started3pts dn
[09:48] {ese} next market bounce it should go some more
[09:50] {dino} on it
[09:50] {dino} watchiong wynn
[09:51] {ese} l ntes .10
[09:51] {Threei} my feel is, selling will resume after numbers,
[09:52] {Threei} but there is question: right away or with bounce first
[09:52] {Threei} so, let's probaby sit out next 8 minutes
[09:55] {_Les__} coffee break already?
[09:55] {Threei} F CEO: Guidance that Ford can return to profitibility in 2011 is "cautious optimism" - conf call Q
[09:55] {Threei} hmmm
[09:55] {Threei} imperative word is cautious or optimism?
[09:56] {ese} out ntes .45 +.35
[09:56] {Threei} qwtg
[09:56] {fernp} gj ese
[09:56] {ese} tell me why this is.....i made some ok trades this morning but am feeling like i'm having a lousy trading day....something doesn't feel ight vad
[09:57] {ese} tks
[09:57] {dino} nice ntes es
[09:57] {ese} tks dino
[09:57] {dino} did thast help your feelings, :)
[09:57] {Threei} it's a lack of something in the body ese... maybe coffee, maybe vodka... hard to tell without extensive blood analysis
[09:57] {ese} not really ....something feels off
[09:57] {nemo} full moon
[09:58] {ese} lol
[09:58] {dino} time change
[09:58] {nemo} time of month
[09:58] {Threei} oh yechnh
[09:58] {ese} lol
[09:58] {Threei} how I hate tholse time changes
[09:58] {Threei} I have too many clocks and watches
[09:58] {strider} Rimm +.10, .45-.55
[09:59] {_Les__} aapl just back in green
[09:59] {ese} good one ST
[09:59] {strider} t
[09:59] {strider} ty
[09:59] {Threei} OK, numbers upon us
[10:00] {Threei} *OCT ISM MANUFACTURING: 55.7 V 53.0E;
[10:00] {nemo} good numbers
[10:00] {Threei} SEPT PENDING HOME SALES (M/M): 6.1% V 0.0%E; (Y/Y): 19.8% V 12.1% PRIOR
[10:00] {Threei} SEPT CONSTRUCTION SPENDING (M/M): 0.8% V -0.2%E
[10:00] {Threei} beautiful
[10:00] {strider} jeez
[10:00] {Threei} let's see how market takes it
[10:01] {Threei} if we get selloff today, this is will be the biggest tell of all
[10:03] {fernp} WFC H&S
[10:03] {Threei} inverted you mean?
[10:04] {fernp} y. grabbed .11
[10:04] {dino} shaw sm l .00
[10:06] {nemo} wonder if this will be a thursday repeat...45 degrees up
[10:07] {Threei} that's my main question at this point
[10:08] {Threei} YRCW JP Morgan comments that YRCW debt/equity exchange more negative than expected, stock now worth $1.00-1.50 (timing uncertain
[10:08] {Threei} ouch
[10:08] {ese} wha da ya think....enough of a pullback in HGSI
[10:09] {Threei} doesn't look like long to me here ese
[10:09] {_Les__} YRCW bouncing?
[10:10] {ese} tks
[10:10] {Threei} momo movers should have much better pace
[10:10] {_Les__} AAPL inverted H&S?
[10:11] {Threei} 5 dollars from the bottom... leave it alone
[10:12] {_Les__} oh. no bottom dwellers here? That was/is my Twitter fan club...
[10:13] {Threei} ok, this scalp is worth a try if sets up, but scsalp only:
[10:13] {Threei} Long Setup: HIG .40 break
[10:13] {Threei} if stays above .30
[10:15] {fernp} WFC if breaks 28.00?
[10:15] {_Les__} AA?
[10:15] {Threei} I doubt it, WFC
[10:15] {strider} out HIG
[10:16] {_Les__} WFC
[10:16] {fernp} ok
[10:16] {Threei} HIG easy 1:1
[10:16] {Threei} AA, I would play it short with .64 trigger if stays under .70
[10:17] {Threei} and would skip long if acts other way around
03[10:17] * Looking up Threei user info...
[10:22] {Threei} HGSI UPDATE: Lazard Raised HGSI to Buy from Hold, price target: $32
[10:22] {_Les__} see what you're saying. Looking for further bounce like before, but AA doesn't want to go up
[10:23] {Threei} it may still if market continues...
[10:23] {ese} l hgsi .33
[10:23] {Threei} but look how market makes a new high yet AA is nowhere near its high
[10:23] {strider} wtg ese
[10:23] {_Les__} so when can make correlations between SPY and individual stocks can we?
[10:23] {strider} oh, you're in.
[10:24] {ese} yup...waited for pullback
[10:24] {ese} but this ain't working.....i'm in sm though 1k
[10:24] {Threei} sorry les, don't understand the question
[10:24] {_Les__} you made comparison between overall market and AA
[10:25] {_Les__} so I can look at WFC, or AA and compare to SPY for indication of individual strength or weakness
[10:25] {Threei} sure
[10:25] {Threei} this is exactly where the idea of our very forst trade today came from
[10:26] {Threei} "salmon" refrence
[10:27] {ese} out hgsi...stopped .10 -.23
[10:28] {Threei} Long Setup: NTRI half lot .20 break
[10:28] {Threei} stop under .10 for scalprs
[10:29] {Threei} under 22 for day traders
[10:31] {ese} l fitb .35
[10:33] {Threei} 1:1 for scalpers
[10:33] {strider} +.13
[10:33] {Threei} 1 cent shy of 1:1 for day traders
[10:34] {Threei} that's 3 for 3 so far... can I go home?
[10:34] {fernp} out NTRI and out WFC from 28.03 ty Vad. Is nonday today???
[10:34] {strider} ~~lowered expectations~~
[10:34] {Threei} lol
[10:34] {Threei} Market Internals update at 10:30amET
[10:34] {Threei} - NYSE volume 325M shares, about 15% above its three-month average; advancers lead decliners by 3.4:1.
[10:34] {Threei} - NASDAQ volume 560M shares, about even to its three-month average; advancers lead decliners by 1.5:1.
[10:34] {Threei} - VIX index -8% to just over just above 28.00
[10:34] {Threei} by the way, photos from Olympic torch relay are up
[10:35] {Threei} and I have some amazing new ones, incredible fall colors in the park and salmon run - huge fish right at your feet
[10:35] {Threei} but will take a few days for those to upload
[10:35] {_Les__} do we see you running next to torch bearer? :P
[10:35] {nemo} you were standing in the water?
[10:36] {Threei} kind of hard to run and take photos of myself doing that
[10:36] {Threei} and no, on the shore - but you can touch the fish
[10:36] {nemo} with that permanently dislocated shoulder?
[10:37] {Threei} what can I do... each of us has his limitations
[10:37] {nemo} that's what I mean...shouldn't be a problem for you
[10:37] {fernp} the dog doesn't understand what is happening
[10:37] {strider} NTAP?
[10:38] {Threei} neither does racoon
[10:38] {fernp} yeah
[10:38] {_Les__} If you have sea otters near your place then Canada in autumn sounds like good vacation.
[10:38] {Threei} NTAP... I hate this stock
[10:38] {Threei} it fools me 9 out of 10
[10:39] {Threei} yes Les... 5 min from my house
[10:39] {_Les__} NTAP has produced small ascending triangle
[10:39] {Threei} but don't confuse Victoria with Canada
[10:39] {Threei} Victoria is Cnadadian tropics
[10:40] {Threei} palm trees... roses in February... the RoC is under the deep snow
[10:41] {_Les__} just looked u up on google maps. Big bloody island u r on
[10:43] {_Les__} wow NTAP spiked and crapped itself. ugly
[10:43] {_Les__} I see channel cutting off victoria from mainland. But no name for the island. Is it an island?
[10:44] {Threei} Vancouver Island
[10:44] {Threei} sure is
[10:44] {Threei} no bridges
[10:44] {Threei} ferry or plane
[10:45] {fernp} wow!! NTRI lost support. Hit 1:1 and dropped
[10:45] {Threei} watching RIMM
[10:46] {Threei} would be happy to see some tight consolidation, then break of 56 for short
[10:46] {Threei} hmm
[10:46] {Threei} staying away for now
[10:47] {Threei} good idea
[10:47] {Threei} break wirthout consolidation turns into trap too often
[10:50] {Threei} Short Setup: HIG .40 break
[10:52] {Threei} a bit too sharp drop into support
[10:52] {nemo} yeah
[10:52] {nemo} I was gonna' ask
[10:52] {Threei} may be a little bounce to get tighter setup
[10:53] {Threei} agressive entry on .50 break was better way to go but happened faster than I could type
[10:53] {Threei} should bounce a littl now
[10:53] {ese} out fitb .30 -.05 1k
[10:53] {nemo} 1k? sick?
[10:54] {ese} ya ....i'm just not feelin g comfortable today
[10:54] {Threei} OK
[10:54] {Threei} here is out bounce
[10:54] {Threei} short into it on first weakness with stop above .55
[10:55] {Threei} out = our
[10:55] {ese} not as in sick sick nemo......somethings not rubbing me the right way
[10:55] {dino} same here
[10:56] {dino} that untrusting ax murderer feeling
[10:56] {nemo} I'm sick poisoning
[10:56] {ese} will stay small until that changes......i don't believe in this up makret....will make some money trade what you see thing but am causious
[10:56] {Threei} in
[10:56] {Threei} got .48
[10:56] {Threei} I can live wiht 7-8 cents stop
[10:57] {Threei} dino... ax murderer feeling... on receiving end or delivering?? :)
[10:57] {nemo} half out then?
[10:57] {Threei} not yet... want sharper dive toward .35 to cover half
[10:58] {Threei} formally it's 1:1 but I have this feeling this fish is a bit begiire
[10:58] {Threei} bigger
[10:58] {Threei} lol
[10:58] {Threei} how do you mistype it like this
[10:58] {nemo} your 3 days are up
[10:58] {Threei} yes, and larisa on a small vacation anyway
[10:58] {dino} lol, the movie, "so i married an ax murderer" mike myers
[10:59] {Threei} cover half
[10:59] {Threei} beaauuutiful
[10:59] {Threei} frikin RIMM
[10:59] {fernp} ty vad
[10:59] {Threei} forgot all abouit it watching HIG
[10:59] {Threei} welcome fern
[11:00] {dino} shaw stopped -.32
[11:00] {Threei} crap... RIMM gave exactly consolidastion I was looking for to play breakdown
[11:01] {nemo} hig hits 200 ma just under .25
[11:01] {nemo} and is at vwap now
[11:01] {ese} daaaa.....look away for one minute....wanted to be short DIA at .20
[11:02] {Threei} stop to above .50 for the balance
[11:02] {Threei} risk is whooping 3 cents
[11:03] {Threei} don't you love this kind of entry
[11:03] {Threei} no nervousness, little risk, bigger reward
[11:04] {Threei} cover 1/4 more HIG
[11:04] {nemo} aig vad
[11:05] {Threei} the only problem is: while you pat yourself on the back for beautiful entry you further dislocate your shoulder and you miss RIMM short
[11:06] {Threei} stop to above .40 for the remaining shares, no lose territory
[11:06] {Threei} I don't have a read on AIG
[11:06] {Threei} holding unusually well
[11:06] {Threei} don't want to short it
[11:06] {Threei} and everything in me resists going long
[11:07] {ese} anybody have opinons on KEY bank
[11:07] {ese} i like the daily
[11:08] {Threei} KEY is regionjal, right?
[11:08] {ese} it's had the crap beat out of when theres blood in the streets type of thing
[11:08] {ese} i think so
[11:08] {ese} had bad exposure in CA and FL
[11:10] {strider} HIG is weak
[11:10] {fernp} really great trade HIG, Vad. Don't u want to go home today?
06[11:10] * strider slaps fernp around a bit with a large trout
[11:11] {fernp} ahhh!
[11:11] {Threei} I so do
[11:11] {Threei} and even asked once already
[11:11] {Threei} what really bothers me is, it's only males who object...
[11:16] {_Les__} ese, my favourite regional, UMPQ, was sold by Motley Fool Stock Advisor newsletter recently. They fear commercial meltdown. Oregan bank, significant CA presence.
[11:17] {_Les__} and well run bank
[11:18] {ese} go rimm go
[11:18] {ese} tks les
[11:19] {_Les__} KEY gonna respect 20 dma resistance on 60 min. chart like earlier? could make a good short.
[11:23] {Threei} done with last potion of HIG
[11:23] {ese} now theres another one thats had the cr*&^ beat out of it NVDA back at 12 support......had looked into it's financials back in march and valued it at 18 to 19
[11:26] {nemo} eh..misse aig break of .80
[11:27] {dino} guess who's on tv
[11:27] {ese} bstop fitb .31
[11:28] {ese} l fitb .31
[11:29] {ese} sm
[11:33] {Threei} Long Setup: RIMM .60 break half lot
[11:33] {Threei} if stays above .45
[11:34] {nemo} missed
[11:34] {fernp} tried .62 but not filled
[11:35] {Threei} 1:1
[11:35] {ese} ride em cowboy....nice call vad......
[11:35] {nemo} should go at least to .90
[11:35] {Threei} 5 for 5
[11:35] {Threei} CAN I GO HOME???
[11:35] {nemo} you are home
[11:35] {ese} ahhhhhh very nice appologies....i only made one of those
[11:36] {nemo} volumes solid today
[11:40] {nemo} aapl Vad
[11:40] {nemo} too late
[11:40] {Threei} you had .60 break in mind?
[11:41] {nemo} s .65
[11:41] {nemo} but the stop was too big
[11:41] {Threei} good one... why not post it instead of making me reverse-endineer your thoughts wasting a lot of time...
[11:41] {nemo} o.k.
[11:42] {Threei} engineer too
[11:42] {Threei} lord, I manage to misspell everyting today
[11:42] {nemo} Larisa's not have no fear
[11:42] {Threei} right
[11:43] {Threei} more than that: while she is not here I can even claim I am not afraid of her
[11:43] {nemo} she might read the log
[11:43] {Threei} oopsd
[11:43] {_Les__} :) noble leader and teacher
[11:43] {Threei} didn't think this one through, did I
[11:43] {nemo} oy
[11:44] {_Les__} and fearless
[11:44] {nemo} no that's just plain _________!
[11:48] {Threei} FDIC's Bair: Credit markets are thawing; liquidity is improving; worst is behind us (related XLF )
[11:49] {Threei} (US) Fed's Greenlee: Sees continued pressure on bank earnings, seeing CMBS defaults heading higher
[11:49] {Threei} - observing a 'sharp' deterioration in loan performance in portfolios; commercial real estate will lead to higher pressure on banking earnings
[11:49] {Threei} (US) President Obama: Seeing some signs of stabilization and improvement, employment remains the key to recovery
[11:49] {Threei} - Job losses will continue, action is needed.
[11:49] {Threei} this I want to know
[11:49] {Threei} wjhat action does he intend to take?
[11:49] {Threei} son of stimulus?
[11:51] {dino} right 3i, he rather extends benefits than actually ease restrictions to job creation.
[11:51] {_Les__} well golden gate bridge snapping cable indicates plenty more infrastructure to upgrade/repair/build
[11:51] {dino} agree les. if you're going to dole out the $ at least get something for it
[11:52] {Threei} extention of home buyers credit is even worse idea than cash for clunkers, IMO
[11:52] {dino} i think his re-election slogan will be: vite for me and you will never have to work
[11:52] {dino} vote
[11:53] {_Les__} little bounce coming in HGSI vad?
[11:54] {Threei} can't tell
[11:54] {Threei} thing is at the same time volatile and locked into relatively narrow range
[11:56] {_Les__} ok so risk/reward doesn't tempt. Seems market's in neutral
[11:58] {ese} l fitb avg .30
[11:58] {strider} HIG
[11:59] {Threei} C&H
[11:59] {_Les__} ?
[11:59] {_Les__} oh sorry slow today. cup and handle
[12:00] {Threei} you are lucky you are new here Les...
[12:00] {Threei} should it be any of oldtimers, reaction would be immediate: "today??"
[12:01] {strider} lng HIG .52
[12:02] {nemo} funny strider, I look at HIG and see a short
[12:03] {strider} was trying an aggressive entry to c&h
[12:04] {nemo} I'm a pessimist
[12:05] {_Les__} there'll be plenty of time to berate me. Every year I kill more 1 million more brain cells with excessive amounts of French wine...
[12:05] {_Les__} then you'll have to make the trades for me when Im 50
[12:05] {nemo} yes, had an effect on your grammar
[12:05] {Threei} and I am the living proof of that
[12:06] {nemo} of what? evolution?
[12:06] {strider} stop .44
[12:06] {Threei} just as nemo is living proof that you can forget what you were talking about less than 30 seconds ago
[12:07] {strider} you were right, nemo
[12:07] {nemo} about what strider?
[12:07] {strider} HIG
[12:07] {nemo} (to prove Vad's point)
[12:07] {Threei} lol
[12:07] {strider} or, we were both wrong.
[12:07] {strider} got rinsed
[12:08] {Threei} Market Internals update at 12:00pmET
[12:08] {Threei} - NYSE volume 560M shares, about 15% above its three-month average; advancers lead decliners by 3.1:1.
[12:08] {Threei} - NASDAQ volume 995M shares, about 2% below its three-month average; advancers lead decliners by 1.4:1.
[12:08] {Threei} - VIX index -6.75% to just over just above 28.50
[12:08] {nemo} I saw break of .50 so I'd a been 1:1, you'da been SOL
[12:08] {nemo} AAPL short for the Magoos in the crowd
[12:09] {_Les__} C&H, H&S - not used to patterns being spat out on minute chart. Will acquire the vocab as they pop up here.
[12:09] {fernp} FAS dropping and FITB holding very well
[12:10] {Threei} what difference the time frame makes Les :)
[12:10] {Threei} chart is charty
[12:10] {Threei} many of patterns work better on intraday chart than on multi-year
[12:11] {Threei} reaction and emotions are more immediate
[12:11] {_Les__} ok. gonna sign up tomorrow, money is one month behind at least. Plenty of time to fit into faster pace of this trading room
[12:12] {Threei} we are slow like snail in mollasses today
[12:12] {nemo} snail w/a peg leg
[12:12] {Threei} and snail is one-legged and drunk
[12:16] {nemo} Trap door open?
[12:16] {Threei} vert well could be
[12:16] {Threei} let's see if we get worthy bounce to short into
[12:16] {nemo} crissakes Vad your typing!
[12:16] {Threei} HIG quick drop over 20 cents
[12:17] {Threei} well, I considered using speech-to-text software but it has troubles with russian swearing
[12:17] {nemo} why it can't spell pi...nevermind
[12:18] {_Les__} you're all nuts
[12:18] {Threei} except Raven
[12:18] {Threei} but he gave up on us
[12:18] {nemo} yeah...only adult supervision in the room
[12:19] {nemo} just sits in his roost...looking down
[12:19] {_Les__} so what does quick dip signify to you Vad?
[12:19] {_Les__} shorting opportunity?
[12:19] {Raven} {}
[12:19] {Threei} market is vulnerable, very likely to reverese and start losing ground,
[12:19] {fernp} BAC lod
[12:19] {nemo} A sign from above...
[12:20] {Raven} damn right
[12:20] {nemo} [12:19] {+Raven} {}
[12:20] {Threei} so I want to get short position on either bounce or consolidation/breakdown
[12:20] {Threei} HIG, bounce into .35-.40 range
[12:20] {Threei} that's where I'd start looking for setup
[12:21] {Threei} RIMM, bounce is not very likely
[12:21] {Threei} on this one I'd rather try for consolidation and break of .40
[12:21] {Threei} helped by market of course
[12:21] {Threei} stop above .50
[12:21] {Threei} and let's make it half lot
[12:22] {Threei} no chance for entry HIG
[12:22] {Threei} topped at .30, and really fast
[12:30] {Threei} hmmm
[12:30] {nemo} yeah
[12:30] {Threei} downdraft is being established and I don't have shorting candidates really
[12:30] {nemo} I was thinking aggresive short on rimm earlier aroud .50 but ended up too strong
[12:30] {_Les__} WFC vad. Theoretical stop above .65 a must or is yesterday's closing price permissible?
[12:31] {_Les__} WFC testing yesterday's close as resistance
[12:31] {_Les__} for a short
[12:31] {Threei} resistance?
[12:31] {fernp} AET on higs
[12:31] {nemo} what fern?
[12:31] {fernp} high
[12:31] {fernp} AET
[12:32] {nemo} oh, sorry didn't know whether you were referring to hig
[12:32] {Threei} I don't understand LES
[12:32] {Threei} WFC is nowhere near anyresistance
[12:33] {_Les__} freestockcharts puts bid dirty yellow line indicating yesterday's closing
[12:33] {_Les__} wfc just fell below that line
[12:33] {nemo} yep
[12:33] {Threei} then it's support
[12:33] {_Les__} big, not bid
[12:33] {Threei} not resistance
[12:33] {_Les__} but it fell thru
[12:34] {nemo} so becomes resistance
[12:34] {Threei} which means it broke support
[12:34] {_Les__} so it becomes resistance
[12:34] {_Les__} ok
[12:34] {Threei} ok, pause
[12:34] {nemo} Gotta' send him a Threeish dictionary
[12:34] {Threei} don't confuse me and don't confuse yourself
[12:34] {_Les__} so it's a vocab thing again
[12:34] {Threei} you asked about it at the moment when it was above .50
[12:34] {Threei} it approached it from above,
[12:35] {Threei} it was the low of the day,
[12:35] {Threei} it was yesterday's close
[12:35] {Threei} it's SUPPORT
[12:35] {Threei} yes, no?
[12:35] {_Les__} until it isn't
[12:35] {Threei} two different issues
[12:35] {Threei} when we are talking about defining setup
[12:36] {Threei} break of support and break of resistance are two very different things
[12:36] {Threei} and means long or short
[12:36] {Threei} "until it isn't" refers to whether it's broken or not
[12:36] {Threei} meaning we have a setup or we don't
[12:36] {_Les__} so falling through today it broke support and was what?
[12:36] {_Les__} retesting support??
[12:37] {Threei} mix up support with resistance and you are confused about the direction
[12:37] {Threei} breaking of support is short setup generally
[12:37] {Threei} breaking of resistance is long setup henerally
[12:38] {_Les__} ok ok next time I'll say WFC broke support. I assume that yesterday's closing price represents first and foremost support for all stocks. Correct?
[12:38] {Threei} no
[12:38] {Threei} it depends on from where price approached that yesterday's closing
[12:39] {Threei} how about this:
[12:39] {_Les__} *banging head on table.*
[12:39] {Threei} stock closed yesterday at 20
[12:39] {Threei} opened today at 19.50,
[12:39] {Threei} approached 20
[12:39] {nemo} There was some support for wfc at yesterday's close, but that doesn't necessarily happen in every instance
[12:39] {Threei} will 20 be support or resistance?
[12:39] {Threei} come on, it's not that difficult
[12:39] {_Les__} today it's resistance
[12:40] {Threei} suport provides floor, resistanc eprovides ceiling
[12:40] {Threei} simple as that
[12:40] {Threei} reesiatnce of course
[12:40] {_Les__} ok see incorrect use of vocab there. my bad.
[12:40] {Threei} for WFC, .50 was the low of the day approached from above
[12:40] {Threei} equals support
[12:41] {_Les__} so it broke support and what?
[12:41] {ese} ok am back.....and i see i've been stopped out of fitb .25 -.05
[12:41] {_Les__} was retesting
[12:41] {Threei} [12:37] {Threei} breaking of support is short setup generally
[12:41] {ese} that pretty much does it for me today....still a couple of hundred up...think we'll keep it that way
[12:42] {_Les__} yeh understood. So WFC was attempting to recover support. Is that correct vocab for what stock was trying to do?
[12:42] {nemo} rimm at another short
[12:42] {Threei} I don't understand what "recover support" means
[12:42] {_Les__} it obviously failed and then became a clearly defined short. I'll leave it at that...
[12:43] {nemo} 1:1
[12:45] {Threei} you did RIMM nemo?
[12:45] {nemo} yep
[12:45] {Threei} wtg
[12:45] {fernp} gj nemo
[12:45] {nemo} didn't think
[12:45] {fernp} today's lunchtime is more active than usual, no?
[12:46] {Threei} yes fern
[12:46] {Threei} interesting
[12:46] {fernp} good numbers and we are dropping...
[12:47] {nemo} watch rimm for a reload
[12:47] {Threei} if we close in red today, we are probably going for full blown panic
[12:47] {_Les__}
[12:47] {nemo} yeah, but if we're not short overnight, we won't be able to get entry
[12:47] {Threei} [10:00] {Alert} Threei beautiful
[12:47] {Threei} [10:00] {Alert} Threei let's see how market takes it
[12:47] {Threei} [10:01] {Alert} Threei if we get selloff today, this is will be the biggest tell of all
[12:48] {nemo} bohica!
[12:48] {_Les__} night all. my head hurts :)
[12:48] {nemo} night Les
[12:49] {Threei} take care les... it's easier than you think
[12:49] {dino} cya les
[12:50] {fernp} bye les
[12:52] {nemo} my quotes messed up
[12:52] {nemo} that pissed me off
[12:52] {Threei} fine here
[12:53] {nemo} changed servers a couple of times...watchig fcx to break, chart moves L2 doesn't
[12:53] {fernp} financials are falling hard JPM, BAC, WFC, GS
[12:53] {nemo} frickin' .50 so far
[12:53] {nemo} .60
[12:53] {nemo} I'm jumping
[12:54] {nemo} whoa...negative territory
[12:54] {Threei} DJI is barely green still
[12:54] {fernp} any news Vad?
[12:54] {Threei} the rest is red
[12:54] {nemo} spy and qs not
[12:54] {Threei} no news
[12:55] {Threei} market is grown up and does it all on its own
[12:55] {nemo} party's over
[12:55] {Threei} parents are so proud
[12:56] {Threei} QID
[12:56] {strider} DER
[12:56] {strider} DRYS 5.50 ese
[12:56] {Threei} long with stop under .10
[12:57] {ese} yup
[12:57] {Threei} .22 long trigger
[12:58] {fernp} in
[12:59] {Threei} offering half above .30
[12:59] {fernp} ty
[12:59] {Threei} half out
[12:59] {Threei} scalpers are scalpers
[13:00] {Threei} offering 1/4 at .44
[13:00] {Threei} stop is .19 btw
[13:01] {magoo} hey
[13:01] {Threei} mags!
[13:01] {nemo} get one mags?
[13:01] {Threei} you are just in time
[13:02] {Threei} I am 6 for 6, and just got permission from nemo to go home
[13:02] {Threei} so take over
[13:02] {magoo} im outta touch, been away since thurs
[13:03] {Threei} we know, we used this time to bash you freely
[13:03] {Threei} how was the race?
[13:03] {magoo} so that was the ringing in my ears
[13:04] {magoo} good, very competive, tri-state championships
[13:04] {Threei} no, that was our atempt to dial your cell and read from the room log
[13:04] {Threei} how did your son do?
[13:05] {Threei} out QID balance
[13:05] {Threei} scaslpers win
[13:06] {magoo} saturday vey well...sunday had some bad luck...all and all he had great year, 2nd in the tri state district for year, new york, new jersey pennsy
[13:06] {Threei} wow
[13:06] {Threei} that's impressive
[13:07] {nemo} cool mags
[13:07] {Threei} congratulations, nothing like your kid succeeding
[13:07] {magoo} now we wind down for awile, winter comingh
[13:07] {magoo} thank u
[13:07] {Threei} gives you warm fuzzy feeling "I can die peacefully" {G}
[13:07] {magoo} awhile
[13:17] {Threei} QID tries to form C&H
[13:17] {Threei} not sure about practical tradeablity of it, too wide stop
[13:18] {Threei} but if forms tighter consolidation under .45 at some point, will be playable
[13:19] {Threei} Reportedly World Bank Washington DC headquarters partially evacuated after a suspicious substance found
[13:19] {Threei} spittle by irritated customers?
[13:21] {nemo} wfc forming range
[13:22] {Threei} 27 - .15?
[13:22] {nemo} .05 .15
[13:22] {nemo} in
[13:25] {nemo} 1/2 out .20 moving stop up to .10
[13:25] {nemo} don't like market
[13:30] {nemo} out
[13:31] {Threei} wash
[13:31] {Threei} better than poke in the eye
[13:31] {nemo} yeah
[13:31] {nemo} unless you're doing the poking
[13:31] {ese} i'm outa here everyone....castch you tomorrow
[13:32] {ese} bizzarre day for me
[13:32] {Threei} take care ese
[13:33] {dino} cya
[13:33] {fernp} bye ese
[13:33] {nemo} dino
[13:33] {nemo} you in anything?
[13:35] {nemo} tck and fcx bear watching at support areas on 5 and 15 minute charts
[13:36] {dino} no
[13:36] {dino} watching wynn
[13:39] {nemo} even if the markets stay barely positive, not good for all this "good" news
[13:39] {Threei} no
[13:40] {dino} cedc holds well
[13:40] {Threei} barrage of numbers, three announcemrnts
[13:40] {Threei} all beating estimates handily
[13:40] {Threei} and selloff?
[13:40] {Threei} and all this happening after selloff on rising GDP?
[13:40] {Threei} yikes
[13:41] {nemo} gonna' be a crowd at the exits
[13:41] {Threei} all these nice numbers kind of muted into background the headlines about coming commerical RE disaster
[13:42] {Threei} but obviously those who understand, did hear them
[13:43] {nemo} possible cat short
[13:43] {strider} palm?
[13:43] {nemo} late sorry
[13:43] {Threei} PALM looks breakdownish,
[13:43] {Threei} just keep it to scalps if you get tempted,
[13:43] {nemo} maybe not...could be long
[13:43] {Threei} daily is getting really oversold
[13:45] {dino} cedc sm l .00
[13:47] {dino} seems to be all gloom and doom
[13:49] {Threei} and at time like this you go for CEDC, right?
[13:49] {Threei} considering product
[13:49] {nemo} what is it...booze?
[13:49] {dino} indeed
[13:50] {Threei} Polish vodka producer :)
[13:50] {nemo} that's one of those "flossing with barbed wire" stocks
[13:51] {nemo} ooohhh...Spiritus...that'll knock you on your keister
[13:51] {dino} had some cuervo black over weekend, not bad
[13:51] {dino} petrone and cabo better
[13:52] {nemo} aig flatlining support around .70
[13:52] {nemo} damn
[13:53] {dino} indexes are not reflecting the moves, lots of stocks down $10-$20 in last 6-8 days
[13:53] {Threei} QID idea is back
[13:54] {Threei} reminder, consolidation is needed
[13:54] {Threei} something like .30 or .35 establishing as a support
[13:54] {nemo} magoo must be in
[13:54] {Threei} couple moves between support and .45 break level
[13:54] {Threei} then breakout
[14:00] {Threei} looks ready
[14:01] {nemo} yeah, in at .41
[14:01] {strider} stop?
[14:01] {Threei} if going for a scalp, under .35
[14:01] {Threei} I'd prefer under .30
[14:02] {Threei} and let it develop
[14:02] {strider} thx
[14:02] {Threei} we may be looking at another bottomless drop kind of day
[14:02] {Threei} Market Internals update at 2:00pmET
[14:02] {Threei} - NYSE volume 915M shares, about 33% above its three-month average; decliners lead advancers by 2.8:1.
[14:02] {Threei} - NASDAQ volume 1.59B shares, about 9% above its three-month average; decliners lead advancers by 2.1:1.
[14:02] {Threei} - VIX index -2.9% to just over just above 31.50
[14:03] {nemo} offering half @ .49
[14:04] {strider} that's very generous of you, nemo:)
06[14:04] * nemo slaps strider around a bit with a large lead pipe
[14:04] {Threei} that's some gentle slap
[14:04] {nemo} ohhh
[14:05] {nemo} 1/2 out
[14:05] {strider} he knows I don't have the full trout program....taking advantage of me.
[14:05] {Threei} in the zone today eh nemo
[14:06] {nemo} yeah, have to get food poisoning more often
[14:06] {Threei} rofl
[14:06] {dino} gj
[14:06] {Threei} strider, make him share the file
[14:06] {Threei} then fight on even field
[14:06] {nemo} ask K
[14:07] {Threei} here we go
[14:07] {strider} no, I'm asking you.
[14:10] {nemo} oh shoot. out 1/4
[14:10] {nemo} .50
[14:11] {nemo} stopp remainder
[14:12] {strider} Did you partial out yewt vad?
[14:12] {strider} yet
[14:12] {Threei} yes
[14:12] {dino} wynn sm l .20
[14:12] {Threei} my entry was more aggresive though
[14:13] {nemo} oh...u 2?
[14:13] {Threei} from .30
[14:13] {nemo} wow
[14:14] {fernp} missed the play. Is this pullback buyable, Vad?
[14:14] {Threei} see that little consolidation from 13:37 to 13:48?
[14:14] {fernp} .41?
[14:14] {Threei} not sure fern
[14:14] {nemo} yeah, I wasn't watching qid
[14:15] {Threei} watching, trying to get new rythm
[14:15] {fernp} ok
[14:15] {Threei} this market bounce was a bit bigger that I'd like
[14:15] {Threei} than
[14:15] {nemo} shakeout ?
[14:16] {Threei} could be... that's what I am trying to get a feel for
[14:16] {nemo} what would piss the most people off
[14:17] {Threei} kind of hard for me to get in the skin of most people... I find myself hating the "most" more and more {G}
[14:18] {nemo} what market result would?
[14:18] {Threei} I need to get in their skin to evaluate that
[14:18] {dino} up would imo, everybody is talking crash
[14:19] {nemo} then again...isn't everybody looking for a bounce f
[14:19] {nemo} flat might be the pisser
[14:19] {Threei} I don't know dino... I see a lot of :it's just a oullback, we are going to resume uptrend:" too
[14:20] {Threei} just like in the spring of 2000
[14:20] {Threei} remember how no one could believe the party was over?
[14:20] {nemo} HGSI giving a bit back
[14:21] {Threei} every new low was bought only to crash through again after very weak bounce
[14:21] {dino} yes
[14:21] {dino} time will tell, i was thinking for this week only
[14:21] {magoo} qserver please
[14:21] {nemo} 10
[14:21] {strider} took stop @ .33
[14:22] {strider} -.13
[14:22] {Threei} looks like selling is done for now
[14:24] {Threei} Confidence in Improved Relations With Muslim World Down To 16%
[14:24] {Threei} no really? weren't we supposed to turn the page and get all huggy, kissy and weepy?
[14:25] {Threei} 42% Support Health Care Reform After Release of Pelosi's Version
[14:25] {Threei} Thats down from 45% a week ago
[14:25] {Threei} Fifty-four percent (54%) now oppose the legislative effort, up three points since last week.
[14:25] {nemo} read today where electric golf carts qualified for the cash for clunkers program
[14:26] {Threei} yeah, that was a blast
[14:26] {nemo} and they're going to fix healthcare and the financial system...hehehehehe
[14:27] {Threei} 27% Say Hillary Would Be Better President Than Obama
[14:27] {dino} spend spend spend
[14:27] {Threei} 49% say she would be performing about the same.
[14:27] {Threei} Just 14% of U.S. voters say Hillary Clinton would be doing a worse job as president than Barack Obama if she had won last years Democratic presidential nomination.
[14:27] {Threei} buyers regret eh?
[14:29] {Threei} mags
[14:29] {Threei} your trade
[14:29] {Threei} AIG
[14:29] {Threei} .50 break
[14:32] {Threei} low of this pullback forms the stop level
[14:32] {Threei} but if goes under .25 will be invalidated
[14:33] {Threei} if taking aggresively, keep stop under .25
[14:37] {magoo} still like it?
[14:37] {Threei} don't know
[14:37] {Threei} kind of listless
[14:38] {Threei} aggressive entry would have worked
[14:38] {Threei} regular wouldn't
[14:38] {fernp} strangely slow AIG today
[14:39] {magoo} prob with AIG..slow then POW one way or other
[14:41] {nemo} maybe switch-hitter on RIMM break .90 short, break 55.00 long
[14:46] {dino} out wynn .90, +.70
[14:48] {Threei} Ford Motor Co UAW confirms rejection of concessions; over 70% voted against as had been speculated by the NYT Saturday
[14:48] {Threei} - reminder: over the weekend it was reported that UAW sources were saying the deal would be voted down. The concessions, which Ford sought to maintain competitive parity with GM and Chrysler, included a wage freeze for new hires through 2015 and a six-year moratorium on strikes over wages or benefits.
[14:48] {dino} out cedc .38, +.38
[14:49] {Threei} I have too few words of choice in English... honestly, Russian is so much better to express what I think of UAW
[14:50] {dino} they have learned nothing. auto industry has collapsed and they want more
[14:50] {dino} let them eat cake
[14:50] {Threei} actually, I think they learned ghe lesson very well
[14:51] {Threei} "we got two of them for ouraselves, now we need to get rid of the only remaining competitor,
[14:51] {nemo} yeah, they have the gubmint on their side...They can bankrupt Ford because they're too big to fail
[14:51] {Threei} eighter by taking it over asd well
[14:51] {Threei} or by chasing it out of the country"
[14:51] {nemo} yep
[14:51] {nemo} then they become government employees
[14:52] {Threei} either that, or they run all of them into the ground again,
[14:52] {dino} i supoose thats what they want
[14:52] {Threei} but it's going to be some years down the road,
[14:52] {Threei} meanwhile they will squeeze more out of the government,
[14:52] {Threei} inclduing taxes on foreign-made cars
[14:53] {Threei} which will supposedly be done to support domestic manifacturer
[14:53] {Threei} we all know it's sheer idiocy
[14:53] {Threei} but since when it stopped anyone
[14:53] {nemo} yeah, promotes incompetency
[14:54] {Threei} let me qwuote again:
[14:54] {Threei} over the weekend it was reported that UAW sources were saying the deal would be voted down. The concessions, which Ford sought to maintain competitive parity with GM and Chrysler, included a wage freeze for new hires through 2015 and a six-year moratorium on strikes over wages or benefits.
[14:54] {Threei} so those concessions were given to Crysler and GM, but not to F
[14:54] {Threei} tells us something?
[14:55] {Threei} suki lagernye
[14:57] {Threei} no news to this drop
[14:57] {nemo} market closes near flat today
[15:00] {Threei} making bets?
[15:00] {nemo} my opinion...and we know what those are like
[15:01] {Threei} now this is Canada-like:
[15:01] {Threei} federal Liberals Call for Emergency Debate on H1N1
[15:02] {Threei} get it? not emrgency action, emergency debate
[15:02] {nemo} yep
[15:02] {dino} i guess their schedule is open
[15:02] {Threei} I love my country... its laid-back ways...
[15:03] {Threei} and I love liberals of all kinds
[15:03] {strider} Vad has gone 'mental'
[15:03] {Threei} first stamenet was honest... second saoked in sarcasm
[15:03] {Threei} soaked too
[15:07] {dino} whew!
[15:09] {magoo} we in any?
[15:09] {Threei} no, but looking
[15:10] {nemo} cat looking weak
[15:10] {Threei} trying to get a feel for the finish
[15:10] {Threei} I may be biased... but my feel is closing in red'
[15:10] {nemo} cof an cat look the same
[15:13] {nemo} Q.s going below .95 would probably take RIMM with them
[15:13] {Threei} two ways to play this:
[15:14] {Threei} one is QID long near 24 if drops sharlpy to that level, for a vounce scalp
[15:14] {Threei} second is 24.20 break if stays above .10
[15:14] {Threei} do either in a way that won't spoil your day
[15:14] {Threei} no need to give back nice profits
[15:15] {dino} strange day
[15:15] {nemo} silly me looked away from RIMM
[15:17] {nemo} quite a battle
[15:18] {Threei} (US) Fed's Tarullo: Extensive review of pay at large banks to begin shortly, banks will be asked present their current pay plans to the Fed
[15:18] {Threei} - Plans may invite enforcement action; either through non submission of plans or inadequate implementation
[15:18] {Threei} - Note that earlier today the Fed met with banking execs to discuss pay packages. Discussion included "the process for the reviews of incentive compensation arrangements at the large, complex banking organizations."
[15:27] {Threei} BIOS... nice daily
[15:27] {Threei} quiet climb into 52 week highs
[15:28] {magoo} can u imaginbe..amzn not avail short vad
[15:28] {Threei} wow really?
[15:28] {magoo} yup
[15:28] {Threei} sounds like recipe for disaster for shorts
[15:28] {magoo} whats that indicate?
[15:28] {magoo} yea
[15:29] {Threei} too bad we don't know if that's limited to our broker or more widespread
[15:30] {Threei} 'cause you know... if this is something across the board, I see AMZN at 130 easy
[15:30] {nemo} says per SEC
[15:31] {Threei} just a generic wording for "we don't have inventory"
[15:31] {magoo} satandard message prob
[15:32] {strider} maybe it's already all loaned out
[15:32] {Threei} thta's the point
[15:32] {strider} duh
[15:32] {nemo} HUUUUGE short squeeze
06[15:32] * strider slaps strider around a bit with a large trout
[15:32] {Threei} if shorts piled on and there are no more shares to borrow
[15:33] {Threei} can you imagine what happens when they are forced to cover}
[15:33] {nemo} Pain and Suffering
[15:33] {nemo} no vaseline could help
[15:33] {Threei} followed by extreme pain and suffering
[15:34] {nemo} just read-big tax on the wealthy for health care...not indexed for inflation.
[15:34] {nemo} End up just like the AMT...bastids
[15:35] {dino} ash sm l .75
[15:38] {nemo} scotttrade has amzn available for shorting
[15:40] {Threei} doesn't tell you much
[15:40] {nemo} no...just letting you know
[15:40] {Threei} not even speakig of it's just one broker out of zillions,
[15:40] {Threei} without knowing how much they have you can' male any conclusion
[15:41] {Threei} someone looked and saw available - maybe he saw last 100 shares? :)
[15:41] {nemo} or last 10
[15:41] {cosmo} been there
[15:44] {Threei} BIOS... bugs me as a possible swing trade
[15:44] {dino} well, if you want it and can't borrow it, buy puts
[15:44] {Threei} yeah... it's just not what we are trying to figure out
[15:45] {Threei} rathner discuassing p;ossible short squeeze in case shorts leaned too hard on it
[15:45] {dino} ok misunderstood
[15:46] {Threei} you guys know you can trade options with laser, right?
[15:46] {nemo} yeah, but not sure I have the feed
[15:46] {Threei} not by default
[15:47] {Threei} gotta request it
[15:51] {Threei} my bet on red was wrong
[15:51] {Threei} unless we sell like crazy on last 9 min
[15:52] {Threei} but honestly,how pathetic this green is?
[15:53] {dino} lol
[15:54] {Threei} Market Internals update at 3:30pmET
[15:54] {Threei} - NYSE volume 1.21B shares, about 37% above its three-month average; decliners lead advancers by 1.7:1.
[15:54] {Threei} - NASDAQ volume 2.08B shares, about 11% above its three-month average; decliners lead advancers by 1.6:1.
[15:54] {Threei} - VIX index -1.2% to just over just above 30.30
[15:55] {Threei} decliner lead avdnacers despte green
[15:55] {Threei} this is nasty internals
[15:55] {nemo} yeah...tomorrow should be fun
[15:55] {Threei} bring your funny at everyone
[15:55] {Threei} hat
[15:56] {nemo} you'll wear a mask I presume
[15:56] {cosmo} that was fri
[15:56] {Threei} no, I am scary enough as it is
[15:56] {Threei} it's always Halloween in my household
[15:56] {cosmo} sat, i mean
[15:56] {nemo} Cosmo.....put the bottle away...
[15:57] {nemo} that is...or we'll have to tell Raven
[15:57] {cosmo} yeah...just finished
[15:58] {Threei} okay guys
[15:58] {Threei} nice start to the week
[15:58] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {strider} thank YOU
[15:59] {nemo} TY c u
[15:59] {dino} out ash .85 +.10