Wednesday, November 18, 2009

Nov 18 2009

Another very slow and boring day. Ended positively thanks to a few successful plays in the morning but the second part of the day was almost empty.

Session Time: Wed Nov 18 00:00:00 2009

[07:41] {nemo} hola fern
[07:45] {nemo} yo dunedin
[07:45] {strider} mawnin' to youse
[08:03] {strider} CDC receives final government approval for Lord of the Rings
[08:03] {strider} CDC Games, a business unit of CDC, announced today it has received final government approvals for The Lord of the Rings: Shadows of Angmar that enables Open Beta Testing to begin later this week with commercial launch to follow one week thereafter. :theflyonthewall.
[08:05] {nemo} how fitting you should bring it up
[08:31] {nemo} what were the inflation numbrs, fcx just tanked
[08:31] {strider} Housing starts down 10.6%
[08:31] {nemo} cpi .3 versus consensus 2
[08:38] {Threei} *(US) OCT CONSUMER PRICE INDEX M/M: 0.3% V 0.2%E; CPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E; CPI NSA: 216.1 V 216.069E
[08:38] {Threei} - CPI Y/Y: -0.2% v -0.3%e
[08:38] {Threei} - Core CPI Y/Y: 1.7% v 1.6%e
[08:39] {Threei} *(US) OCT HOUSING STARTS: 529K V 600KE; BUILDING PERMITS: 552K V 580KE
[08:39] {Threei} - Prior Housing Starts revised from 590K to 592K
[08:39] {nemo} covered it already :)
[08:39] {nemo} nice of you to wake up
[08:39] {nemo} :)
[08:39] {Threei} that's me
[08:39] {Threei} not always nice but always waking up
[08:40] {nemo} until it's..................Coma Time!
[08:47] {BillyD} GM all
[08:48] {Threei} Billy :)
[08:58] {fernp} Good morning everybody
[08:58] {Les} just finished watching Lord of the Rings with the kids this afternoon. GM all :)
[08:58] {Threei} fern, les :)
[08:58] {Les} sorry good afternoon
[09:00] {Les} was reflecting as the Cavalry of Rohan arrive to do battle with Mordor at city of Gondor...
[09:00] {Les} tears welling in eyes as King or Rohan delivers stirring speech...
[09:01] {Les} what an age of mediocrity we live in...
[09:01] {nemo} not really...nothing has changed...the vast majority is mediocre...and much that appears not to be is just pomp and circumstance
[09:02] {nemo} plu cest change, plu cest le meme chose
[09:02] {Les} oh how you've deflated my dreams and ego Nemo :(
[09:02] {Les} but you're right, we live in an age of prosperity and relative peace
[09:02] {Les} something to be grateful for
[09:03] {Les} so what are we following at the open?
[09:03] {nemo} What's lost on us of western civilization, how relatively good we have it
[09:03] {nemo} 100 years ago, they didn't have central heating
[09:03] {Les} still Nemo, something festers in the Occident and it's not always good for us
[09:03] {nemo} true
[09:03] {nemo} cycles
[09:04] {cosmo} now we have a virtual library of alexanderia on our desks
[09:04] {Les} and we prefer to watch TV
[09:04] {nemo} When the SHTF, I'm going back to Shambala
[09:04] {Les} where?
[09:04] {nemo} Shangrila
[09:05] {Les} I found a shangrila in Utah, that what you mean?
[09:05] {Les} :)
[09:05] {nemo} no
[09:05] {nemo} Shangri-La
[09:06] {nemo} I'm catching Vad syndrome
[09:09] {Les} Vad, what's on your screen?
[09:09] {Les} besides porn
[09:09] {Threei} usual suspects mostly
[09:10] {Threei} don't see anything outstanding yet
[09:10] {Les} no news to move anything?
[09:10] {cosmo} not listed...
[09:10] {Les} lol, no one game enough to take that ticker
[09:11] {nemo} adsk down almost 8%
[09:11] {strider} morning everyone........
[09:11] {Les} afternoon strider
[09:12] {strider} not here.....I'm New York time
[09:12] {Les} all is relative
[09:12] {Les} and subjective
[09:12] {cosmo} geologic time here
[09:12] {strider} hmmm..all is you know I'm from Tennessee.
[09:12] {nemo} space/time here
[09:13] {nemo} what, you go to family reunions to pick up dates?
[09:13] {Les} european bourses sliding somewhat
[09:14] {strider} VVUS CAKE WDC
[09:14] {Threei} strider :)
[09:14] {strider} 3i:)
[09:15] {Threei} 6:30:46 AM
[09:15] {Threei} VIVUS, Inc Phase III study of Avanafil in erectile dysfunction met all primary endpoints across three doses
[09:15] {Threei} - Announced positive results from REVIVE (TA-301), a phase III pivotal study evaluating the safety and efficacy of avanafil, an investigational drug candidate for the treatment of erectile dysfunction (ED), in 646 patients
[09:15] {ese} morning
[09:15] {strider} GENZ--bad news
[09:15] {magoo} morn
[09:15] {nemo} foawrhgWG
[09:15] {Threei} ese, magoo :)
[09:15] {nemo} DUDE
[09:16] {ese} vad mags dude
[09:16] {magoo} dude
[09:16] {ese} whats hot .......
[09:17] {lasertrev} gm all
[09:17] {magoo} hey trev
[09:17] {magoo} dcc
[09:17] {lasertrev} hey magoo
[09:17] {Threei} trev :)
[09:23] {ese} DryShips, Inc To offer up to 22M shares in stock loan to Deutsche Bank to facilitate hedging of Converitble Notes - filing - We have been informed by Deutsche Bank Securities Inc. that it, or its affiliates, intend to use the short position created by the share loan and the short sales of the borrowed shares for purposes reasonably designed to facilitate tran
[09:23] {ese} somebody tell what this means
[09:23] {ese} facilitate hedging of convertabel notes?
[09:24] {nemo} convertible notes can be converted into common share
[09:24] {ese} is this bloody bullish or bearish
[09:24] {nemo} increasing the supply of common shares
[09:24] {nemo} increase supply, potentially decreases value
[09:25] {nemo} therefore, I think the loan of stock for shorting purposes allows them to hedge the value of the stock to protect their note offering
[09:25] {nemo} not necessarily bullish
[09:26] {ese} tks that does it facilitate hedging......helps them hedge against a short position?
[09:28] {nemo} sell the shares against the value of the notes...db is offering the notes so they're on the hook for them. This gives them a supply of stock that can help limit losses on the offering
[09:28] {nemo} eslr did the same thing last year
[09:28] {ese} they have a short position on themselves and now have to cover it?
[09:28] {fernp} when I grow up I want to be like you, nemo
[09:28] {nemo} what, insane, maladjusted, homicidal
[09:29] {fernp} lol
[09:29] {ese} not normally baffeled by BS.....but this one has got me
[09:29] {nemo} it's collateral....notes are a loan
[09:31] {dino} gm
[09:31] {strider} dino:)
[09:31] {nemo} dino may be able to explain it better ese
[09:31] {Threei} dino :)
[09:32] {dino} dilution=drop temporarily
[09:32] {strider} VVUS CC was at 8:30
[09:32] {nemo} rimm puking
[09:32] {dino} ironically they will buy back stock at highs
[09:32] {Threei} Long Setup: CAKE .70 break half lot
[09:33] {Threei} if stays above .55
[09:34] {Les} hig lost support
[09:37] {magoo} RIMM vad
[09:37] {Les} fas going up hard
[09:37] {dino} hl l cedc .01, wide jumpy
[09:38] {Threei} noty yet on RIMM
[09:38] {Les} hgsi
[09:39] {Threei} Long Setup: HIG .60 break
[09:39] {Threei} if stays above .45
[09:40] {cosmo} adsk busy
[09:40] {nemo} frig missed cake watching hig
[09:40] {fernp} missed CAKE
[09:40] {dino} pot
[09:41] {magoo} in cake
[09:42] {dino} prison thing
[09:42] {nemo} pot or the file in the cake
[09:42] {dino} :)
[09:42] {Threei} CAKE 1:1
[09:42] {fernp} grrrrrr
[09:43] {Threei} HIG 1:1
06[09:43] * Threei goes home
[09:43] {fernp} ty
[09:43] {Les} ty vad out hig
[09:43] {Threei} welcome guys
[09:44] {strider} cake +.14, HIG +.10 + .15
[09:44] {strider} thx
[09:44] {Threei} good focus stroder
[09:44] {Threei} o=i
[09:45] {strider} good ficus???
[09:45] {strider} :)
[09:45] {dino} gj
[09:45] {Threei} lol
[09:45] {cosmo} strider takes the cake
[09:45] {strider} thx...working on executions..
[09:45] {dino} bloody job
06[09:46] * Threei makes a note to keep his neck as far from strider as p;ossible, and always be on lookout for axe
[09:46] {strider} yeah, I'm bad..
[09:46] {magoo} out .89 TY bad
[09:46] {magoo} b=v
[09:46] {dino} ctrp
[09:47] {strider} GENZ dbl bottom but....
[09:47] {Les} $ dropping
[09:49] {strider} WDCV?
[09:49] {strider} WDC
[09:49] {Les} fcx bounce?
[09:51] {Threei} 85 recross, half lot
[09:51] {strider} VVUS bounce?
[09:51] {Threei} stop under .90
[09:51] {strider} what?
[09:51] {ese} you in there dino ...ctrp
[09:52] {Threei} nah, leave VVUS well alone
[09:52] {dino} missed short
[09:52] {strider} wahat's .85 recross?
[09:52] {nemo} fcx
[09:52] {Threei} never mind
[09:52] {nemo} market tanking
[09:53] {dino} ilmn
[09:53] {fernp} any news, Vad?
[09:53] {Threei} Fed's Bullard: FOMC will focus on the prevention of asset bubbles - Q&A
[09:53] {Threei} - Bullard is a non voting member; will be a voting member next year
[09:53] {Threei} this is the only thing I see
[09:53] {fernp} tks
[09:54] {Threei} Short Setup: RIMM .10
[09:54] {Threei} top of this bounce will define the stop
[09:54] {Threei} with invalidation above .30
[09:54] {dino} dish
[09:55] {Threei} or rather, switch to short on the bounce
[09:57] {Threei} Short Setup: GLD .70 break
[09:57] {Threei} .85 stop
[09:58] {Threei} RIMM .25 stop if triggers here
[09:59] {Threei} Euro vs US Dollar Dealers continue to examine comments from Fed's Bullard
[09:59] {Threei} - Dealers noting that Bullard actually comments was ""FOMC did not begin policy rate increases until 2.5- to 3 years after the end of each of the past two recessions"...which originally was interpreted as Fed likely on hold until early 2012 after the recent positive preliminary US GDP data
[10:01] {Threei} let's trail GLD to above .80
[10:02] {Threei} and RIMM to above .20
[10:03] {Threei} GLD 1:1
[10:03] {BillyD} nice on Vad
[10:04] {Threei} RIMM just won't die
06[10:05] * Threei hits RIMM over the head with 2x4
[10:06] {Les} oh i can see it will be pleasure to learn with you 1 on 1 in bahamas...
[10:06] {Threei} absolutely
[10:06] {fernp} ty for GLD was busy praying for RIMM
[10:06] {Threei} count on me to deliver max pain and suffering
[10:06] {BillyD} lol
[10:06] {strider} dino...thx for a quick +.11
[10:06] {Les} weed out the non believers...
[10:06] {strider} long side
[10:07] {Threei} but as soon as you get past your sensitivity, you'll see you are better for it :)
[10:07] {BillyD} well said Vad
[10:07] {Threei} whatever RIMM
[10:08] {fernp} RIMM no go
[10:08] {Threei} nope
[10:08] {Les} still short rimm
[10:09] {Threei} why?
[10:09] {Les} MACDh same as SPY but rimm ticker much weaker.
[10:10] {Threei} it went above the resistance and got stopped fair and square
[10:10] {Threei} where is your stop then?
[10:10] {Les} .25
[10:10] {fernp} Les, if you short RIMM here, where is your stop?
[10:10] {fernp} oooops!
[10:10] {Threei} it hit .29
[10:10] {Les} too fast for me to see on IB
[10:10] {nemo} dumb luck
[10:11] {ese} L nlst .79
[10:11] {Threei} you mean you don't have streaming quotes?
[10:11] {strider} wtg, ese
[10:12] {Les} what's that?
[10:12] {ese} out nlst .95 +.18
[10:12] {strider} yowsa ese!
[10:12] {nemo} LII Time & Sales
[10:12] {Threei} ummm... quotes that refresh real time without you refreshing a window?
[10:13] {ese} text book....that one
[10:13] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET
[10:13] {Threei} **consensus expectations:
[10:13] {Threei} Crude: +1.1Me
[10:13] {Threei} Gasoline: +850Ke
[10:13] {Threei} Distillate: -800Ke
[10:13] {nemo} not what was being passed around this morning...interesting
[10:14] {BillyD} Vad, when you tightened CLD stop to .80, do you still look for original 1:1 of .15
[10:15] {BillyD} just to clarify
[10:15] {Threei} as a rule, yes
[10:17] {Les}
[10:17] {nemo} depth of market, nice
[10:18] {strider} CEPH salmon
[10:19] {Threei} so, this looks like real time streaming window
[10:19] {nemo} yeah depth of market with volume at price...nice
[10:19] {Threei} not sure why "too fast to see" then
[10:19] {fernp} you are also using charts, true Les?
[10:20] {Les} must have been looking away ;)
[10:20] {ese} L fitb .95
[10:20] {Les}
[10:21] {nemo} that's not IBs charts
[10:21] {ese} how did you do that les?
[10:22] {BillyD} VAD, thoughts on VVUS .90 short if breaks?
[10:22] {BillyD} tough read for me normally
[10:22] {Les}
[10:22] {dino} ctrp sm l .20
[10:22] {Threei} if stays under 9, sure
[10:22] {fernp} 10:08 candle hit 60.29, Les
[10:23] {Les} must have been on the toilet...
[10:23] {nemo} more info than needed les
[10:23] {dino} stopped -.30
[10:23] {Les} you're right nemo, haven't even begun to explore IB's abilities
[10:23] {nemo} that's a great LII interface
[10:23] {Threei} really? I hate it
[10:24] {nemo} IB's charts will be more responsive than
[10:24] {Les} will look into it.
[10:24] {Threei} I prefer traditional level2 look
[10:24] {fernp} VVUS short .89 w/stop above 9.0? Vad
[10:24] {dino} rinsed, jumpy ctrp
[10:24] {Threei} yup
[10:24] {nemo} get volume at price there though
[10:25] {Threei} don't you get it on L2 and T&S?
[10:25] {nemo} LII visual on resistance levels
[10:25] {nemo} no
[10:25] {Threei} huh?
[10:25] {nemo} it shows you cumulative volume for the day at a given price
[10:25] {nemo} in the LII
[10:26] {Threei} oh I see what you mean
[10:26] {nemo} some charts do it also
[10:26] {Threei} I just don't see much use for it
[10:26] {Les} at present I can trade with the calls here just with what i've got.
[10:26] {nemo} just another visual clue when price reaches a resistance or support level
[10:27] {Threei} nice on FITB eswe
[10:27] {Threei} ese
[10:27] {dino} ctrp re-load break of .25 wider, last try
[10:28] {nemo} frickin spread Dino, sheesh
[10:28] {dino} i know, i know
[10:30] {Threei} DOE CRUDE: -880K V +1.1ME; GASOLINE: -1.75M V +850KE; DISTILLATE: -320K V -800KE
[10:30] {Les} RIMM found new resistance at .99?
[10:31] {Threei} I don't have any read on it here
[10:31] {nemo} market dead already
[10:32] {Les} k. learnt from your reads not to trade otherwise. I end up giving my profits back. new mantra before I begin the day.
[10:32] {strider} long CEPH .05
[10:32] {strider} stop .95
[10:32] {nemo} cat might be a short
[10:34] {dino} giddy-up
[10:34] {Les} wfc making new high
[10:35] {Threei} gosh, even BAC shows some life
[10:35] {Threei} been a while since this one had anything readable in it
[10:35] {Les} is that a playable pattern
[10:35] {Les} ?
[10:35] {cosmo} life?
[10:35] {Threei} chart wise, yes
[10:36] {Threei} just not delighted by perspective to get stuck in it for too long
[10:37] {Threei} and BAC can do that easily
[10:37] {Threei} WFC is normally more perky one
[10:37] {Les} hig has gone nuts
[10:38] {Threei} financials disconnected from market today
[10:38] {Threei} VVUS invalidated
[10:39] {Threei} if you want WFC, this is trigger
[10:39] {Les} ty
[10:39] {Threei} stop for hard core scalpers under .70
[10:39] {Threei} for daytraders under .60
[10:40] {Threei} hard core scalpers have over 1:1
[10:40] {dino} out ctrp .15, +.90
[10:40] {Les} ty for offering choice. will try for a longer daytrade this time
[10:41] {fernp} go home dino
[10:41] {ese} just looked dino.........good one
[10:41] {dino} thx
[10:41] {dino} wicked ride
[10:41] {strider} stop CEPH -.04
[10:41] {Threei} see how much slower BAC is?
[10:42] {Les} y
[10:42] {fernp} Im out here WFC. ty Vad
[10:42] {Threei} :)
[10:42] {Threei} day traders have 1:1
[10:42] {tomg} ty wfc, vad out here
[10:42] {Threei} nice and easy
[10:42] {ese} interesting inflection pt here for fitb with all technical indicators and resistance
[10:42] {Threei} welcome guys
[10:44] {ese} was gonna sell but i think i'm going to hold on .....this breaks through 10 and...........well you figure it out
[10:44] {Les} took the scalp. ty. HIG giving some back so...
[10:45] {BillyD} Vad, you a SOLF fan
[10:46] {magoo} ty vad
[10:46] {Threei} when it trades well
[10:46] {Threei} welcome mags... for what btw?
[10:47] {BillyD} does it's behavior look that way? it seems very bursty
[10:47] {BillyD} from moment to moment
[10:47] {Threei} not delighted by it
[10:47] {Threei} it's a kind of stock that becomes readable sometimes
[10:47] {Threei} the rest of the time it's pretty random hit and miss
[10:48] {BillyD} it cahnges look in a second
[10:48] {Threei} ok, with 4 for 5, let's make a pause for a min
[10:48] {ese} ziiiiiiiinnnnnnnnngggaaaaaahhh
[10:49] {Threei} look at the latest photos please and tell me which of three you like the most
[10:49] {Threei} ese... meds...
[10:49] {ese} fitb baby.........
[10:50] {Threei}
[10:50] {tomg} #3 vad
[10:50] {nemo} 3, 1, 2
[10:51] {dino} hl jec l .20
[10:51] {Threei} something's wrong with me
[10:51] {ilana} first
[10:51] {fernp} 1 here
[10:51] {Threei} thank you!!
[10:51] {Threei} finally
[10:51] {ese} Beacon Hill park........very nice vad
[10:51] {Threei} everyone likes everything else, I thought I was the only one liking first the most
[10:52] {Threei} yes ese :)
[10:52] {ilana} i would put it on my wall int the office
[10:53] {Threei} so what's the problem... I'll send you high resolution file for printing
[10:53] {ilana} please!
[10:53] {Threei} and will be happy to know someone has it on the wall
[10:53] {ilana} happy to make you happy
[10:54] {Threei} wow... 15 MB
[10:55] {Threei} probably better to upload it, e-mail won't let it through, lol
[10:55] {nemo} zip it
[10:56] {Threei} ese, aiming for big move on FITB?
[10:57] {ese} out took it .05 +.10 40k of the little buggars
[10:57] {Threei} wtg
[10:57] {ese} it seems too be predictable these old times....but it won't last
[10:58] {strider} {-------runs behind the ese wagon, hoping to pick up a few crumbs.
[10:58] {magoo} NICE
[10:58] {strider} or at least a piece of coal..
[10:58] {ese} with 40k .10 is good enough need to push it
[10:58] {BillyD} lol
[10:59] {ese} get out when you want....not when you have to
[10:59] {Threei} hmmm
[10:59] {Threei} I think I've heard it somewhere
[10:59] {ese} ya fella.....that bottle of vodka is commin
[10:59] {dino} if mayans are right and world ends 2012, we may never get a rate hike
[11:00] {Threei} of course they are... did ancient mayan ever lie to you??
[11:00] {ese} roltlol
[11:00] {magoo} i wish they were right
[11:01] {dino} careful for what you wish
[11:04] {dino} ilmn drop
[11:05] {magoo} power-of-the-office is freaky strong dino, but i dont think it can cause world cataclism
[11:05] {nemo} thought you were the antichrist mags?
[11:05] {magoo} u are
[11:05] {magoo} i just one of your mynyans
[11:06] {dino} i may be
[11:06] {nemo} on DE?
[11:07] {Threei} got cramerized yesterday
[11:07] {nemo} ahhh
[11:07] {Threei} Yesterday 18:06 DE Positive Mad Money Mention - CNBC
[11:08] {dino} ilmn hl l .50 stop lod
[11:12] {dino} tighten ilmn to .23
[11:13] {ilana} stopped ilmn
[11:13] {dino} not cooperating so far
[11:13] {dino} pulp
[11:14] {nemo} market dropping
[11:14] {ilana} yeah
[11:14] {Threei} US) Treasury Sec Geithner: US to borrow much less than expected to fund TARP, costs for program are down "quite significantly"
[11:14] {Threei} - TARP savings to be used to reduce budget deficit
[11:15] {nemo} that'll be like Obama's cost reduction mandate when he first came into office
[11:16] {dino} well, if they don't spend it i guess it automatically comes out of budget?
[11:16] {dino} sort of like avoiding walmart, ha i saved $
[11:19] {BillyD} WFC short idea .80 break if mkt breaks
[11:19] {Threei} I like it
[11:20] {Threei} but don't use market as guide
[11:20] {Threei} us FAS
[11:20] {Threei} use
[11:20] {Threei} they are disconnected today, and FAS is better guide for WFC
[11:20] {BillyD} does FAS need to go down as well then
[11:21] {Threei} yes
[11:21] {BillyD} ok
[11:21] {Threei} if you like to make your life interesting and complicated, use FAZ... it's inverse :)
[11:21] {BillyD} why I asked
[11:23] {BillyD} what # would trigger FAS to clue us on short, not that it matters right now
[11:23] {magoo} so really, there is 2 trades there then
[11:23] {Threei} it's mostly about direction
[11:23] {magoo} fas and wfc
[11:24] {BillyD} ok trend
[11:24] {Threei} no mags, not by me
[11:24] {Threei} I don't have a setup for FAS
[11:24] {Threei} just want to use it as a directional help for WFC which does have clean triggere
[11:26] {dino} stop to /83 ilmn
[11:26] {strider} wtg on ilmn, dino.....gutted it out.
[11:26] {dino} out ilmn .83 ave, +.33
[11:27] {BillyD} Vad, WFC stop .94 or .90 or
[11:27] {BillyD} .87 for the chincy
[11:27] {Threei} above .90... above .85 for extrasuperanalretentive scalpers
[11:28] {fernp} above .90 here
[11:28] {Threei} lol
[11:29] {BillyD} watch HIG for over .20 if stays above .10
[11:30] {Les} DE got support?
[11:31] {Les} Vad, worth watching/playing stocks moving opposite to market in general?
[11:31] {Threei} sure
[11:31] {Threei} divergence window in scanner
[11:31] {Threei} salmon concept
[11:32] {dino} cnqr
[11:32] {strider} in wfc .79
[11:33] {Threei} (RU) Russian Fin Min Kudrin: Russian govt to sell 30 tons of gold to the Russian Central Bank at market rate before end of 2009 (related EUR/RUB USD/RUB RSX GLD )
[11:33] {Threei} psst WFC... look at FAS
[11:35] {dino} vrus
[11:35] {Les} yeh, don't see b/d
[11:36] {Les} fas following spy...
[11:36] {dino} jec stopped=.23
[11:37] {Threei} superimpose charts Les
[11:37] {Threei} you'll that FAS was much stronger for the most part of the day
[11:37] {Les} not sure how to do that
[11:38] {dino} jec -.23 sorry
[11:38] {nemo} look at them and think of the other one
[11:38] {Threei} if your sfotware doesn't have this feature, just put two charts next to each other
[11:39] {nemo} in freestockcharts .com under settings=}comparisons
[11:39] {strider} out WFC +.02----chicken!
[11:39] {Les} that I have. and u r right. spy is a little different, especially time frame, from fas
[11:39] {Les} ah no not even.
[11:40] {Les} I dunno. fas/spy spitting image in my eye
[11:40] {strider} Vad you see any bad news on VRUS?
[11:40] {Threei} no
[11:40] {strider} me neither. But somebody's apparently found some.
[11:41] {Les} hig again
[11:41] {Threei} must be something in all this pharma debvacle
[11:41] {Threei} gearing for another winter of discontent:
[11:41] {Threei} RU) Ukraine PM: Plans to double transit fees for Russian gas, effective Jan 1, 2010
[11:42] {strider} Do you go back to visit Russia, vad?
[11:42] {Threei} not since 1996
[11:42] {Les} Ukrainians are suckers for punishment
[11:43] {dino} lazard cap. cof. is all i see vrus
[11:45] {Les} wonder what new price for gas delivered to Ukraine will be...
[11:45] {strider} well I got to go......can't wait for VRUS. See you all tomorrow.
[11:45] {Les} ciao
[11:45] {tomg} sti vad?
[11:46] {strider} see ya Les.
[11:46] {Threei} take care strider
[11:46] {strider} :)
[11:46] {Threei} not sure tom
[11:46] {magoo} this is the most boring november i can remember
[11:47] {magoo} and hard as hell to get a dime
[11:47] {Les} hgsi new low
[11:47] {tomg} ty, daily looks good, though?
[11:48] {Les} normally more money to be made is there mags? sounds good for a real account in future...
[11:48] {Threei} I don't know tom... could be topping out afer yesterday's spike...
[11:48] {tomg} ok, will leave it alone, ty
[11:48] {magoo} used to make half a years dough in nov and dec
[11:49] {magoo} agonizingly slow and
[11:50] {Les} hgsi below .99?
[11:51] {dino} want some cheese w/that whine
[11:53] {Threei} let's scratch WFC
[11:54] {Threei} things fell in coma
[11:54] {Threei} no read on anything
[11:56] {Les} nue
[12:00] {dino} vrus hl l .00, stop .66
[12:04] {dino} cimatic data center, oct was coldest oct since 1925
[12:05] {Threei} oh horror
[12:06] {Threei} {--- just doing impression of global warming chorus
[12:06] {Threei} voice from behind the curtain:
[12:07] {Threei} don't you worry boys, we saw it coming and switched to "climate change" instead of "global warming"
[12:07] {dino} waste of time and money
[12:07] {Threei} so any change will git
[12:07] {Threei} fit
[12:08] {dino} ironically their computer models did not forecast any cooling. sort of like the rating agencies never thought real estate could drop
[12:08] {BillyD} HIG B?O but near lunchtime
[12:08] {Threei} yes but it worked on p[revious break...
[12:09] {Threei} and yesterday, break during lunch time worked on HIG
[12:09] {Threei} adds to its credibility
[12:09] {BillyD} mini pattern over bigger
[12:09] {BillyD} would like a tighter .10 stop
[12:10] {BillyD} any thoguhts on stop?
[12:10] {Threei} ideally, it would retreat once again and hold above .30
[12:11] {Threei} so we could use that as astop
[12:11] {BillyD} make it so
[12:12] {Threei} there you go
[12:13] {Les} hgis breaking down
[12:13] {Les} hgsi
[12:15] {dino} aed
[12:16] {dino} nah
[12:16] {Les} SINA weak today. decent gap to fill on the hourly chart
[12:18] {dino} was looking at it earlier
[12:18] {dino} osk spike
[12:19] {dino} and pullback too fast
[12:27] {nemo} hig gonna do something
[12:27] {BillyD} needs some mkt help imo...hig
[12:28] {Threei} even AIG is tame like lamb
[12:29] {dino} lol, new one
[12:30] {magoo} rimm bottom vad?
[12:31] {Threei} I doubt it
[12:32] {BillyD} maybe a short
[12:32] {BillyD} needs more tight consolidation
[12:34] {nemo} e tight range
[12:34] {nemo} de
[12:34] {nemo} frickin "d" key
[12:35] {Les} u
[12:35] {Les} never mind
[12:40] {Threei} RIMM starts looking bouncy now
[12:40] {Threei} .80 break
[12:40] {Threei} sdtop under .70
[12:41] {Les} ditto hgsi
[12:41] {Les} bouncy that is
[12:42] {nemo} lunch breakouts...ewwww
[12:43] {Threei} who is calling for breakouts?
[12:43] {nemo} you rimm .80 break
[12:43] {Threei} deep sigh
[12:44] {dino} gww
[12:45] {nemo} what up w/grainger
[12:46] {Threei} didn't we discuss yesterday the difference between bounces and breakouts in the same context?
[12:46] {BillyD} yes
06[12:47] * Threei slaps nemo around a bit with a large yesterday's trading log as a memory refreshment
[12:47] {nemo} sorry, I think of this, incorrectly obviously, as a breakout after the bounce off of .60
[12:47] {Threei} sorry and incorrectly are right, the rest is not
[12:48] {dino} acquiring alliance energy, lowers '09 guidance
[12:48] {nemo} thus "obviously"
[12:48] {Threei} it's a bounce play, and .80 break simply serves as a trigger for it
[12:48] {nemo} okey dokey
[12:49] {nemo} My rorschach interpretation of the rimm chart pattern is an inverse dandruff shampoo
[12:50] {Les} why can't you see a dog or a cat like normal children
[12:50] {Threei} or... err, never mind
[12:50] {Threei} family room
[12:51] {nemo} who are you talking too?
[12:51] {Les} who me?
[12:51] {Les} hgsi at 28
[12:51] {Threei} suffice to say, a joke ends with patient calling a doctor pervert because he has such pictures...
[12:54] {BillyD} are we stuck or what
[12:54] {dino} indeed
[12:55] {nemo} out rimm
[12:55] {dino} hl l cnqr .65
[12:55] {Threei} someone tripped of market cord
[12:55] {Threei} no news
[12:56] {Les} aig
[12:56] {nemo} rimm not your game today
[12:58] {Threei} I offered to go howm after first 4 plays
[12:59] {nemo} rimm giving you the mesodactyl
[13:00] {fernp} .
[13:01] {dino} vrus stopped
[13:08] {ese} ese is not away......ese is watching and enjoying the fruits of the day
[13:08] {ese} but will probably not do anything the rest of the day
[13:09] {ese} now that i'm thinkin about it i do have to go to school.
[13:09] {ese} cya all tomorrow...have a great rest of the day
[13:10] {BillyD} u 2 ese
[13:10] {ese} see ya billy
[13:10] {nemo} dude
[13:10] {Threei} take care ese, ghreat job on FITB
[13:10] {magoo} AWIAV?
[13:10] {Threei} yes... we are in deep sorrow
[13:11] {magoo} ok
[13:12] {magoo} like the abbreviated question code:)
[13:20] {fernp} don't know what to do, wanted to read something but everything is so quiet that even I am not receiving spam
[13:21] {Threei} I have just the solution for such cases fern
[13:21] {Threei} cereal boxes
[13:21] {Threei} a lot of useful reading material
[13:21] {fernp} or champoo
[13:21] {fernp} yes, lol
[13:21] {Threei} no, too small font
[13:27] {Threei} wow...
[13:27] {Threei} this is remarkable queitness in the market
[13:28] {Threei} almost feels like something huge is brewing
[13:29] {fernp} You scared me, I thought you received spam to read
[13:29] {Threei} no :(
[13:29] {Threei} even spammers don't need me
[13:30] {fernp} that's sad, very sad
[13:31] {BillyD} how about I forward my spam to you as kind jesture....J is intentional
[13:31] {Threei} no thank you... let me wallow in my suffering
[13:31] {fernp} no ty
[13:32] {Les} sure vad, I can help there too. I have lots of buxom german blondes that would love to spam you.
[13:32] {Les} european spam is wonderful
[13:32] {BillyD} c'mon, you don't lost millions deposited into your account
[13:32] {fernp} reading "trade with passion and purpose" by Mark Whistler I don't need more spam. TY
[13:33] {Les} i lost a lot trying to go long RIMM that last trade. this market only seems to work before 11 am
[13:33] {Threei} a lot?
[13:33] {Threei} how can you lose a lot with 10 cents stop?
[13:33] {Les} I wanna make 500 a day in the future
[13:34] {Les} made it today comfortably
[13:34] {Les} and gave too much of it back
[13:34] {Les} the best trades are before 11
[13:34] {Threei} how many shares of RIMM do you play?
[13:34] {Les} 2k
[13:35] {Les} don't be going calculating my p&l vad
[13:35] {Threei} it's a bit too much for noon scalp on volatile strock
[13:35] {Threei} but in any case, it's roughly half
[13:36] {nemo} got the inverse dandruff shampooo on the S&P and Qs
[13:36] {Threei} just not sure how 10 cents stop ca be qualified as a lot
[13:36] {nemo} figure out how much you're willing to lose, and size your lot
[13:36] {nemo} according to the stop
[13:37] {Les} yeh sure
[13:37] {Les} getting less interested in 12 pm - afternoon trades
[13:38] {Les} will size accordingly
[13:38] {Les} but today was good day for me
[13:38] {Threei} one thing bothers me les
[13:38] {Les} hmmm
[13:38] {Threei} the way you handled that first short on RIMM
[13:39] {Les} let me look at log
[13:39] {Threei} it's a randon reinforcement trap
[13:39] {Threei} random
[13:39] {Threei} it was stopped
[13:39] {Threei} you haven't taken a stop and made a profit on it later on
[13:40] {nemo} Hey Les...are you paper trading?
[13:40] {Les} y
[13:40] {Les} u mean the last RIMM short
[13:40] {nemo} yes
[13:40] {Les} yes that was risky
[13:40] {Threei} that wasn't just risky
[13:40] {Threei} that was ahainst the rules
[13:41] {Threei} stop is hit - stop must be taken
[13:41] {Threei} period
[13:41] {Threei} no ifs or buts
[13:41] {Les} but was watching ticker/MACDh relationship between spy and rimm
[13:41] {Threei} you set your stop at .25
[13:41] {nemo} MACD is a lagging indicator les
[13:41] {Threei} you can always find justification for widening your stop
[13:42] {Threei} the worst thing that can happen to you is:
[13:42] {Threei} break the rules and profit from it
[13:42] {dino} adsk l .00
[13:47] {Les} don't worry about negative reinforcement, i've let stops slide too many times and suffered for it.
[13:48] {Les} but this time I saw rimm was weak and went with it. perhaps judicial loosening of stop next time
[13:48] {Threei} then I worry about you continuing doing it
[13:49] {Les} no its better today.
[13:49] {Les} that one trade has been sole example. i have been more anally retentive elsewhere, especially last rimm bounce
[13:50] {Les} another rimm bounce coming?
[13:54] {Threei} rather looks like short
[13:54] {Threei} but not confident enough for a call
[13:59] {nemo} fcx inverse dandruff shampoo
[14:00] {nemo} I lied...C&H
[14:00] {nemo} I
[14:02] {nemo} ok inverse C&H looking DB on cat
[14:05] {dino} ????????????
[14:06] {nemo} cat might be shaping up as a break of .25
[14:07] {magoo} AMZN
[14:07] {magoo} piper news
[14:07] {magoo} pops
[14:07] {Threei} AMZN Hearing Piper Jaffray raising estimates; raises Price Target to $163 from $130
[14:07] {Threei} 3 min ago
[14:07] {Threei} sorry, missed it
[14:08] {Threei} Market Internals update at 2:00pmET
[14:08] {Threei} - NYSE volume 600M shares, about 15% below its three-month average; decliners lead advancers by 2.6:1.
[14:08] {Threei} - NASDAQ volume 1.25B shares, about 14% below its three-month average; decliners lead advancers by 2.3:1.
[14:08] {Threei} - VIX index -0.75% to just over 22.00
[14:08] {nemo} look to short it in the .60 to .80 range if market stays weak
[14:09] {dino} cnqr to .99
[14:10] {magoo} news LDK vad? rippin
[14:11] {Threei} nothing fresh
[14:11] {dino} to .15
[14:12] {dino} out +.40
[14:12] {dino} opps, +.50
[14:12] {fernp} gj dino
[14:13] {dino} ty
[14:15] {patience} nice dino
[14:15] {dino} ty
[14:16] {fernp} Soccer: Spain - Austria in 30 min. Have a good evening everybody. See u all tomorrow
[14:16] {Les} football fanatic huh? ok cheers
[14:17] {dino} cya
[14:18] {Threei} take caree fern
[14:25] {Les} amzn?
[14:26] {nemo} looks short less
[14:26] {nemo} but....that upgrade may screw up the pattern
[14:27] {Les} MON also testing highs
[14:28] {dino} adsk to .11
[14:28] {dino} out +.11
[14:30] {dino} grrrrrrrr vrus, wanted .20
[14:32] {dino} gww
[14:36] {Threei} had we had a strong trending market still, I'd be looking to take FITB overnight
[14:38] {Threei} as it is, I am willing too - but with ese's money
[14:38] {dino} me too
[14:38] {dino} wes $
[14:38] {dino} w/es $
[14:38] {dino} gww lod
[14:38] {Threei} aren't we both great humanitarians dino
[14:39] {nemo} humble too
[14:39] {Threei} oh yes... I am sure I can successfully fight for the title of the most humble on the island
[14:40] {Threei} then again, when I am prescribed tablets curing greediness I demand more of them
[14:41] {dino} ahh yes, the island, fond memories
[14:41] {Threei} is it a word? greediness?
[14:41] {nemo} yes, but isnt demanding more of them then you need greedy?
[14:41] {BillyD} good one nemo
[14:42] {nemo} thank you
[14:42] {Threei} try in English nemo... you lost me
[14:42] {nemo} I can hear the rationalization now
[14:43] {dino} greed is good; laziness is bad
[14:43] {Threei} oh, that was thAn, not thEn
[14:43] {BillyD} Vad, did you say skip 2012 movie due bad script, etc?
[14:43] {Threei} yes, but wasn't it exactly the point of the joke
[14:43] {Threei} 'Doctor, I need something to help with my greed... and give me more of that!"
[14:44] {Threei} not exactly Billy
[14:44] {Threei} it was rather:
[14:44] {nemo} wow...not used to seeing RIMM trade by appointment
[14:44] {Threei} if you want sophisticated and belieavable plot, skip it... if you want stunning visual effects on a grand scale, this is your movie
[14:45] {BillyD} ok, go to movies as escape so may be for me
[14:45] {Threei} also, there is this guilty pleasure of seeing calidornia going to the bottom of the ocean
[14:45] {Threei} california too
[14:46] {nemo} I wish Cambridge would go with it
[14:46] {BillyD} about time, been hearing all my life
[14:49] {BillyD} HIG short off 26 maybe
[14:50] {Threei} looks promising
[14:50] {nemo} hig
[14:55] {Threei} 1:1
[14:55] {Threei} nice and easy
[14:55] {BillyD} yup
[14:55] {Threei} good spot Billy
[14:55] {BillyD} yw
[14:55] {Threei} no single uptick since breakg support
[14:55] {Threei} this is how we like them
[14:55] {Threei} meek and obeying
[14:55] {BillyD} taking all day for my mind to become clearer...allergy/sinus issues
[14:56] {BillyD} this morning like ...lost in space
[14:56] {magoo} u know what works goo billy?
[14:56] {BillyD} what
[14:56] {nemo} BillyD=Billy Mumy
[14:56] {BillyD} true nemo
[14:57] {magoo} dip towel in bucket of urine and place over your head like if u had a humidifier LOl
[14:57] {dino} cl
[14:57] {BillyD} lol....I knew there was a good reason I was afraid to ask
[14:57] {nemo} wow...funny as a bag of rocks
[14:57] {dino} lol disconnected bd?
[14:58] {dino} cl?
[14:58] {Les} asdk .30 break?
[14:58] {BillyD} ?
[14:58] {nemo} adsk
[14:59] {Les} thats the one
[14:59] {Les} but its not going up
[14:59] {nemo} see market les
[15:00] {BillyD} SOLF big .50 offer may be tempting if hit
[15:02] {Les} axp .35 break?
[15:03] {magoo} C
[15:03] {magoo} L
[15:03] {magoo} C
[15:03] {magoo} L
[15:03] {dino} cl +4 in minutes
[15:03] {dino} has to be buyout
[15:03] {Threei} 2:57:46 PM
[15:03] {Threei} Colgate-Palmolive Co Sources feel nearing merger agreement with Reckitt - UK Telegraph
[15:03] {Threei} - It is not clear which company Reckitt is targeting. SSL International, the maker of Scholl footwear products and Durex condoms, has always been tipped as a target for Reckitt. However, well-placed sources think the most obvious candidate is US giant Colgate-Palmolive.
[15:04] {dino} clx too
[15:04] {dino} rumor only
[15:07] {Threei} DCP May have violated Foreign Corrupt Practices Act - WSJ
[15:07] {dino} oh my
[15:14] {Les} I see someone wanted ABK back above a buck
[15:15] {BillyD} HGSI maybe a short candidate if breaks down holding .90
[15:16] {nemo} market going to rally into close again
[15:16] {magoo} yea..not on the short bus here
[15:17] {nemo} except maybe cl
[15:17] {magoo} that scares even me
[15:17] {nemo} crissakes...don't ruin my world view mags...I put you up on a pedastal
[15:18] {nemo} pedestal
[15:18] {magoo} nothhing wrong with admitting fear..its how u deal with it...for destructive purposes
[15:19] {nemo} roger that
[15:20] {dino} roger who
06[15:20] * nemo slaps dino around a bit with a large sense of humor
[15:21] {Les} japan etf is on a very slippery slope. that US market's destiny soon?
[15:21] {Les} EWJ
[15:21] {dino} ouch
[15:25] {dino} is clx assoc w/cl?
[15:25] {Threei} AMTD CEO: Interested in a deal with E*Trade assuming it is under the right circumstances; Acquisition of an online broker would be the best use of cash at this point
[15:25] {Threei} - May be prudent to pay a dividend eventually
[15:26] {dino} may be prudent to open a beer
[15:26] {Threei} lol
[15:26] {nemo} clorox used to be owned by Henkel..could be colgate owns them
[15:27] {dino} find out and report back
[15:27] {dino} :)
[15:27] {BillyD} lol
[15:27] {nemo} guess the sense of humor slap didn't work
[15:28] {dino} abuse makes me stronger
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 780M shares, about 15% below its three-month average; decliners lead advancers by 1.9:1.
[15:31] {Threei} - NASDAQ volume 1.69B shares, about 10% below its three-month average; decliners lead advancers by 1.9:1.
[15:31] {Threei} - VIX index -1.35% to just over 22.00
[15:35] {dino} vrus hl l .06
[15:38] {Threei} financials look like more strength is coming nearest days
[15:40] {magoo} yup..bac wfc stroonggg
[15:41] {Les} bounce in ldk
[15:41] {Les} ?
[15:41] {Les} a frigg it. chasing straws. shower and bed before close tonight methinks. night all.
[15:42] {magoo} nah..its slow and time short here
[15:50] {nemo} so...two days of relative consolidation during op ex week
[15:52] {dino} all dayer dish to .91 sheesh
[15:53] {dino} out +.06
[15:54] {magoo} .
[15:54] {dino} cga
[15:56] {Threei} okay guys, boring day
[15:56] {Threei} profditable but barely
[15:56] {BillyD} cya, ty vad
[15:56] {nemo} P&Q
[15:57] {Threei} have a good evening, see you tomorrow
[15:58] {dino} u2 vad
[16:00] {dino} damn, have to ditch vrus aftehours
[16:01] {magoo} ty all
[16:03] {dino} thx all, good times