Monday, November 23, 2009

Nov 23 2009

Not bad day with quite a few trades for a Monday. RIMM, WFC, SYMC, SEED, RMBS short, HIG short, ACI short... most of them worked, although just two or three were good for more than scalp

Session Time: Mon Nov 23 00:00:00 2009

[08:41] {Threei} Research in Motion Ltd UPDATE: NPD data show Blackberry Curve was best selling smartphone in Q3; Apple iPhone 3GS was second; total smartphone sales up 4.2% to 43.3M units in Q3
[08:41] {Threei} - the rest of the top five include the iPhone 3G, Blackberry Tour, and Blackberry Storm.
[08:42] {Threei} US) IMF's Strauss-Kahn: Confidence in USD will not disappear soon
[08:42] {Threei} must be the reason it's getting sold off
[08:42] {Threei} too much confidence causes selling, ya know
[08:42] {nemo} yeah, frickin idiot
[08:43] {BillyD} GM All
[08:44] {Threei} Billy :)
[08:46] {Les} hey vad
[08:46] {Threei} les :)
[08:47] {Les} just curious. need to contact Is that you, or do you have staff?
[08:47] {Threei} just contact who you need... what does it matter to you?
[08:48] {Les} :) just being nosey
[08:49] {strider} morning everyone.
[08:49] {Threei} strider :)
[08:50] {Les} watching UPRO. first time I've reflected on danger of wide spread, low vol, so didn't buy. still, up 23 cents.
[08:50] {Les} strider
[08:51] {strider} Vad:)
[08:51] {Threei} I don't possess enough technical knowledge to run a website or marketing, nor do I have time and desire to deal with financial stuff Les
[08:52] {nemo} strider...
[08:52] {strider} :)
[08:55] {Les} ok. I just cancelled my subscription...
[08:56] {Les} will take realitytrader up on the 6 month offer
[08:56] {Les} no getting rid of me now baby...
[09:03] {cosmo} no more, no Les
[09:03] {Threei} lol
[09:04] {cosmo} :)
[09:04] {Threei} practicng since early morning I see, cos
[09:04] {bkhmd} morning all
[09:04] {Threei} bkh :)
[09:05] {strider} CEPH
[09:05] {Threei} today is a first time NLST i\s not gapping up
[09:07] {Les} KIRK gapped up to new high today
[09:16] {cosmo} SEED: Origin Agritech Announces Final Approval of World's First Genetically Modified Phytase CornBusiness Wire(Sat, Nov 21)
[09:17] {strider} AMZN upgrade, gap up
[09:18] {Threei} SEED has history of being a runner
[09:19] {cosmo} FEED sympathy?
[09:20] {Threei} I guess... no its own news for FEED
[09:21] {ese} bout time
[09:21] {Threei} lol
[09:21] {Threei} it may let you in easier if you use your nickname, ese...
[09:22] {KSystems} Good morning
[09:22] {larisa} gm :)
[09:22] {Threei} larisa :) welcome back
[09:22] {Threei} ks :)
[09:22] {ese} i did........sheesh...... we didn't mean to yell that hard vad coming back from vancouver on the ferry last night......
[09:22] {ese} it was just a friendly gesture
[09:23] {Threei} say thank you I didn't throw grenades
[09:23] {ese} and all we yelled was hello vad........with the windows of the car down.....sheesh
[09:23] {Threei} that's my normal way to answer the geetings
[09:23] {ese} spoiled sport!
[09:23] {lasertrev} gm
[09:24] {ese} laser
[09:24] {Threei} trev :)
[09:25] {ese} what are you following vad
[09:25] {Threei} SEED
[09:25] {Threei} FITB
[09:27] {ese} still have my fitb position from friday L .05
[09:27] {Threei} nice way to start the day then
[09:28] {ese} very
[09:28] {ese} whats the story with seed
[09:28] {Threei} Origen Agritech Ltd. Received approval from authorities in China for genetically modified phytase corn
[09:29] {Threei} - Chairman: With this landmark seed approval, we are not only own the first GM corn seed product in China, but we are actively leading the new genetically modified generation of agricultural products for China, and will continue to do so for the future.
[09:30] {ese} so popcorn kernells with now be deformed.......what kind of world is this man.....can't they leave anything alone
[09:30] {bkhmd} but its lead free ese
[09:30] {Threei} disgusting spread jumps opn SEED
[09:30] {bkhmd} lol
[09:30] {Threei} kept me from calling 7 break
[09:31] {ese} ahhhhhhhh
[09:32] {Threei} what's with DRAM
[09:32] {Les} UPRO is up over a buck since I started watching. will remember this when futures are so strong in future.
[09:32] {Threei} NLST dump
[09:33] {Les} KIRK jbe?
[09:33] {Threei} lol
[09:33] {Threei} it was
[09:33] {Les} one day Ill be like mags and jump all over it. but that day is not today
[09:33] {Threei} same problem as SEED, spread is horrific
[09:34] {strider} CEPH additional downgrade
[09:35] {Threei} RIMM
[09:35] {Threei} bounce hunt is on
[09:35] {Threei} .30 break if holdnng above .20
[09:36] {Threei} invalidated
[09:36] {ese} deck and fslr....minimum spread .25\
[09:36] {Threei} .10 break
[09:36] {Threei} if holding above 60
[09:36] {Threei} half lot
[09:37] {Les} in
[09:38] {fernp} ty
[09:38] {Threei} over 1:1 easy
[09:38] {Threei} what was the deal with stubborn seller at .14
[09:38] {Threei} served as cork in the champaign bottle
[09:39] {BillyD} out ty
[09:39] {Threei} over 1:2
[09:39] {Threei} out in full in you partialled
[09:40] {Threei} where is magoo... once in a blue moon RIMM behaves
[09:40] {strider} thx vad
[09:40] {Threei} sure thing
[09:40] {strider} avg. +.25
[09:40] {Les} done ty
[09:40] {Threei} let's see if there is double bottom in it
[09:40] {Threei} no, lower low
[09:42] {Les} kirk
[09:42] {Threei} Preview: Oct Existing Home Sales due out at 10amET
[09:42] {Threei} **consensus expectation: 5.70Me (+2.3% m/m) v 5.57M prior.
[09:42] {Threei} - range of expectations is between 5.2M to 6.0M.
[09:42] {Les} sorry still bad spread
[09:45] {Threei} watching WFC
[09:45] {Threei} short idea
[09:45] {Threei} Short Setup: WFC 28 break if holding below .10 for scalpers, .15 for day traders
[09:49] {bkhmd} in
[09:51] {strider} Vad, read on CEPH?
[09:51] {Threei} 55 break worth a try
[09:52] {strider} thx
[09:53] {Threei} die already WFC
[09:54] {Les} water torture to begin the week...
[09:55] {nemo} les...remember how mags and I bitched about rimm on friday...dumb bastards us
[09:55] {Threei} Analysts at Goldman Sachs look at seasonality effects into Dec/Jan; Continue to see Dec as one of the best historical months for equities
[09:55] {Threei} - State that monthly data back to 1974 shows trend of Dec outperformance, the stronger the year, the stronger the Dec
[09:55] {Threei} - Underperforming sectors in Dec tend to be oil/gas, retail, and miners
[09:55] {Threei} - Outperforming sectors in Dec tend to be travel, chemicals, banks and telcom
[09:56] {fernp} numbers in 4min
[09:57] {Threei} WFC doesn't feel like water torture - rather like a stock with high tension, when it resolves - it resolves very fast
[09:57] {Threei} whiever way it choses'
[09:57] {Les} so WFC testing 28 but failing. does this imply that easiest way is still down?
[09:57] {Threei} when it happens during upward market thrust, yes
[09:58] {Threei} inverted salmon behavior
[10:00] {Threei} *OCT EXISTING HOME SALES: 6.1M V 5.7ME
[10:00] {bkhmd} oooops
[10:00] {Threei} (+10.1% m/m)
[10:01] {bkhmd} grabbed my stop and fell back down WFC stinks
[10:01] {Threei} Total Months Supply: 7.0 months(lowest since Jan 2007
[10:01] {Threei} stop? offer never went above .10
[10:02] {bkhmd} i had my stop at .10
[10:02] {bkhmd} should have been .11?
[10:03] {Threei} first, yes.... and second... was it automatic one??
[10:03] {strider} printed at .17
[10:03] {Threei} those were out of bound prints
[10:03] {Threei} sutomatic stops will be tricked by them
[10:03] {Threei} one of reasons I hate hardwired stops
[10:03] {bkhmd} yes it was auto at .10 and filled at .07
[10:04] {Threei} why do you need them?
[10:04] {Threei} you are right here
[10:05] {fernp} now yes. stopped
[10:05] {Threei} yep
[10:05] {bkhmd} u r correct I will try without just scared of fast mover and not getting out in time WFC is not fast move shouldnt have used auto
[10:06] {Threei} sloqwish broker is much bigger problem for this than the choice between auto/manual
[10:08] {strider} como se dice en ingles, "sloqwish".
[10:08] {fernp} lol
[10:08] {bkhmd} shorthand for TradeStation
[10:09] {strider} yo entiendo. gracias. :)
[10:10] {strider} USG takeover chatter
[10:10] {Les} AIG at bottom of cup vad?
[10:11] {Threei} .40 break is a valid setup but it's not C&H
[10:12] {Threei} salreo, admin asked to ask you to check your e-mail please
[10:14] {Threei} SEC Enforcement head: Aiming to focus on derivatives with regards to cracking down on insider trading; focus on trading across all markets (related XLF )
[10:14] {BillyD} is AIG a call Vad,
[10:14] {Threei} no
[10:14] {BillyD} ty
[10:17] {Threei} Long Setup: SYMC .10 break
[10:17] {Threei} if holding above 18
[10:18] {Threei} .05 for extreme scalpers
[10:19] {Threei} slow one
[10:19] {Threei} don't go for it if you want fast resolution
[10:19] {nemo} no wham bam thank you mam stock?
[10:19] {Threei} not likely
[10:20] {nemo} don't do it les
[10:20] {Les} what, do the trade or complement your last comment?
[10:21] {nemo} if you don't like water torture stock
[10:21] {Les} ah. Im in
[10:21] {nemo} hasn't triggered yet dude
[10:22] {Les} yes it has... now
[10:22] {nemo} yep
[10:22] {Les} finding myself always too late. given probability that this continues to go up. I bought .10
[10:26] {ese} out 1/2 fitb .13 +.08 22.5
[10:26] {Les} see BAC trying to make new high. but banks in no hurry to go up today
[10:26] {ese} 22.5k
[10:26] {ese} houses money......lets see what happens
[10:26] {Threei} wtg
[10:27] {Threei} nothing is in particular hurry so far
[10:27] {ese} feels predicable to me again....for now anyway
[10:28] {strider} CEPH consolidating again at 54.5.
[10:28] {Threei} leave it alone strider
[10:28] {Threei} CEPH is a widowmaker today
[10:29] {strider} I'm looking at a retest of major support at 53.50-54
[10:29] {Threei} this battlefield will be strewn with corpese of bottom-fishers today
[10:29] {Threei} corpses
[10:30] {ese} thats a russian term for navy guys who pulled submarine duty isn't it?
[10:30] {ese} widow maker
[10:30] {Les} bac
[10:30] {nemo} goes for a lot of things ese
[10:30] {strider} SEED upgrade
[10:30] {ese} true
[10:30] {nemo} loggers it's deadfall trees leaning against other trees
[10:31] {ese} never heard that for loggers
[10:32] {nemo} yeah, branch breaks, deadfall comes down
[10:33] {ese} would make sense.......heard more about injuries from choke wires when they snap.
[10:33] {BillyD} Q's in 6pt range for last 30 min
[10:34] {Threei} Market Internals update at 10:30amET
[10:34] {Threei} - NYSE volume 220M shares, about 21% below its three-month average; advancers lead decliners by 22.6:1.
[10:34] {Threei} - NASDAQ volume 455M shares, about 17% below its three-month average; advancers lead decliners by 5.1:1.
[10:34] {Threei} - VIX index -3.9% to just under 21.50
[10:34] {Threei} where is magoo... SEED is today's momo
[10:35] {Threei} dino is not here either... internet troubles, or they have their first snow
[10:36] {strider} they don't trade when it snows?
[10:36] {Threei} not if they can't get in the office
[10:36] {Threei} SYMC, don'r run that fast, you may burn your skin and get blisters
[10:38] {BillyD} just looked at SYMC, it blew a tire hitting .14
[10:39] {BillyD} may work though
[10:39] {nemo} looks like indices ight be getting ready to break their ranges
[10:40] {larisa} to upside?
[10:40] {nemo} yeah
[10:41] {Threei} SYMC new high, whole cent higher than old high
[10:41] {Threei} SEED clawing its way toward 9
[10:46] {fernp} AIG extremely slow today
[10:46] {Threei} SYMC, merely 2 cents left to 1:1
[10:46] {Threei} meaning it should happen this century
[10:46] {strider} Vd...always the optimist.
[10:46] {nemo} heavy breather
[10:47] {strider} Vad
[10:47] {Threei} I want to believe
[10:47] {Threei} make your decision guys
[10:47] {Threei} it makes new 52 week highs,
[10:47] {Threei} climbs slowly and confidently
[10:47] {Threei} which bodes well for continuation
[10:48] {Threei} on another hand, this is scalpers market
[10:48] {Threei} so... kind of personal choice
[10:48] {Threei} take scalp or partial and try to milk it
[10:49] {Threei} for hardcore scalpers playing 50K shares (Threei squints at ese), this one is above 1:1 already
[10:49] {Threei} NYMX
[10:49] {Threei} Nymox Pharmaceutical Corporation Releases Positive New Clinical Trial Data on Durability of Benefits for Early Responders to Company''s BPH Drug
[10:49] {Threei} - Results were statistically significant (p less than .001) and the data was obtained from all available and eligible patients assessed at up to 19 months post treatment.
[10:50] {Threei} NYMX is a funny stock
[10:50] {Threei} sometimes runs hard
[10:50] {Threei} saometimes fizzles out quickly
[10:51] {Threei} never holds its gains for real
[10:51] {ilana} i missed SYMC .10 entry, where would u suggest to get in?
[10:51] {Threei} don't chase it
[10:51] {Threei} this train's gone
[10:51] {strider} amzn read?
[10:52] {ilana} ok
[10:52] {Threei} if anyone wants to buy Ukraine, now's time:
[10:52] {Threei} (UA) Ukraine Oct Current Account at $87M; Current Account YTD -$1.0B (related USD/UAH )
[10:52] {Threei} SEED UPDATE: Rodman & Renshaw, Inc. Raised SEED to Mkt Outperform from Mkt Perform, price target: $15
[10:52] {Threei} none strider
[10:52] {Threei} 9 is on the nose, SEED
[10:54] {Les} coulda, woulda, wished I. you gonna invite mags to bahamas to give run down on momo?
[10:54] {Threei} there is no rundown to be given
[10:55] {Threei} you need to get enough experience with them to develop a feel for them
[10:55] {Threei} this is not a kind of things that can be put in a set of rules
[10:57] {fernp} ilana, SYMC at .12 now
[10:57] {strider} that was my entry.
[10:57] {Les} PWR going to hell in handbasket
[10:58] {ilana} ok, will keep an eye on it, thx
[11:03] {Threei} you watching SEED les?
[11:05] {Les} yep. most interesting game in town
[11:05] {Threei} make sure you have all three windows up
[11:05] {Threei} chart, level 2, T&S
[11:06] {Les} spread has tightened up
[11:08] {Les} pwr going to make new lows?
[11:08] {Threei} SYMC lost will to live
[11:09] {Threei} most likely, PWR
[11:09] {fernp} SYMC stop is still below 18. isn't it?
[11:09] {Threei} very hard to tell
[11:10] {Threei} it was so close to 1:1 that maybe trailing to under .05 makes sense
[11:11] {fernp} ok
[11:12] {Threei} Short Setup: RMBS 17 break
[11:13] {BillyD} .15 stop and preferably .10 if holds right?
[11:13] {Threei} eqzaktly
[11:16] {fernp} out SYMC
[11:17] {Threei} died quiet peaceful death
[11:18] {Les} seed consolidating?
[11:18] {Threei} why didn't we take RMBS aggressively
[11:18] {Threei} would be covering half here
[11:18] {Threei} consolidating?
[11:18] {Les} b/o
[11:18] {fernp} RMBS stop is .15 or .10?
[11:19] {nemo} you have that huge order at .00
[11:19] {Threei} 30 cents spike in two bars is a spike, not consaolidation
[11:19] {Threei} matter of taste fern
[11:19] {Threei} both are valid
[11:19] {Threei} but if triggers from here not going over .10, it becomes a more solid one
[11:19] {fernp} is RMBS too volatile?
[11:20] {Threei} sometimes... it changes
[11:26] {Threei} 1:1, mind you
[11:26] {strider} missed the crap out of that one.
[11:27] {Threei} the only way to get it was to hit 17 bid as it melted down
[11:27] {fernp} was imposiible
[11:27] {BillyD} out ty Vad
[11:27] {ese} signing off until a bit later...cya
[11:27] {Threei} welcome
[11:27] {Threei} that's what you did Billy?
[11:27] {BillyD} yes Vad, meltdown
[11:27] {Threei} yep, same here
[11:27] {Threei} got probably last shares at 17, lol
[11:28] {BillyD} had order for .98 just in case
[11:28] {Threei} OK, you need to stop this
[11:28] {Threei} reading my mind
[11:28] {Threei} 1:2
[11:29] {BillyD} it hit .90 so fast. I ended up sellin most when I originally thought to partial
[11:29] {BillyD} fast money spikes causes me to take it too quick sometimes
[11:30] {Threei} yes
[11:36] {BillyD} RIMM may be setting up for BDN
[11:38] {Threei} looks like mirroring the market almost exactly
[11:38] {BillyD} it does
[11:40] {bkhmd} did anyone fill @18.11 on symc?
[11:41] {bkhmd} earlier?
[11:43] {fernp} .12 here
[11:43] {ilana} the same here
[11:43] {ilana} sold @ .06
[11:44] {bkhmd} were they limit orders or market orders?
[11:46] {fernp} limit
[11:46] {Threei} guess who is on TV
[11:47] {fernp} norton
[11:47] {nemo} Scarlett Johannson
[11:47] {bkhmd} melissa lee
[11:47] {bkhmd} ?
[11:47] {strider} Donna the Buffalo
[11:47] {nemo} fern?
[11:47] {nemo} Captain Kangaroo
[11:49] {fernp} SYMC is the company who makes norton antivirus
[11:49] {strider} CIEN
[11:51] {bkhmd} SOS
[11:51] {bkhmd} I missed two winning orders
[11:52] {bkhmd} The call for SYMC was break of .10 I put the limit order in for 1000 shares at .11
[11:53] {bkhmd} didnt fill
[11:53] {bkhmd} broker says there were only 2 trades of 100 shares at that price
[11:54] {bkhmd} then again short RMBS break of 17 my order goes in at .98 sits and does not get filled broker again says only two prints at that price
[11:54] {BillyD} BK... .98 may be true
[11:55] {BillyD} only a couple buyers at that level
[11:55] {BillyD} on L2
[11:55] {bkhmd} Billy did u take the trade?
[11:55] {Threei} yeah, on RMBS I think they are right, bids got pulled very quickly
[11:55] {bkhmd} if so where did u fill?
[11:55] {BillyD} yes. 17 fill as it was melting down about halfway
[11:55] {bkhmd} k
[11:55] {bkhmd} plenty of shares at 17
[11:56] {Threei} at 17 was scrolling and breakdown became obvious, bidders just ran away
[11:56] {Threei} at = as
[11:56] {BillyD} yeah Vad, all 3 of them lol
[11:57] {Threei} hehe
[11:57] {Threei} actually more,
[11:57] {bkhmd} but if folks in the room filled at .99 or .98 then i should have filled?
[11:57] {BillyD} reason I like shorts like that
[11:57] {Threei} they pulled everything down to 16.90
[11:58] {BillyD} I doubt may AT ALL got filled at .98-.99 BK
[11:58] {BillyD} many
[11:58] {bkhmd} I understand ur concern with Trade Station.. however if people in the room filled at .99 or .98 I am yelling at my broker on phone why wouldnt have i filled
[11:58] {Threei} probably not on this one
[11:58] {BillyD} right
[11:58] {bkhmd} ok
[11:58] {Threei} but you are wasting your breath yelling at them
[11:59] {fernp} Billy, I think room missed RMBS except Vad and Billiy
[11:59] {fernp} bk
[11:59] {Threei} front end people can't make the system work faster
[11:59] {bkhmd} thanks fern
[11:59] {BillyD} BK, some you will miss and there is nothing you can do buyt just accept it and move on to the next trade
[11:59] {bkhmd} yes I am aware of missing
[11:59] {BillyD} agree Fern
[11:59] {bkhmd} but its too frequent
[11:59] {Threei} it's simply a slower brokerage
[12:00] {Threei} yell all you want, it won't get any faster
[12:00] {bkhmd} ok one more hiccup and im out
[12:00] {ilana} i filled RMBC at 17.01
[12:00] {Threei} then you hit it before actual breakdown
[12:00] {BillyD} wow
[12:00] {ilana} there were plenty
[12:00] {ilana} yup aware
[12:00] {nemo} rimm at r1 after breakdown, could be another bd from .55
[12:01] {bkhmd} ilana was that a market order?
[12:01] {ilana} no limi
[12:01] {BillyD} sheesh, missed RIMM
[12:01] {bkhmd} thanks all
[12:02] {BillyD} cya BK
[12:03] {Threei} while it's quiet., have a look at the latest photos guys
[12:03] {Threei} fall colors come to an end, this is probably last of the series
[12:03] {bkhmd} need that post link it will get my blood pressure down after tradestation call
[12:04] {Threei}
[12:04] {larisa} nice photos
[12:04] {Threei} scroll down more Larisa, you missed a few while on vacation
[12:05] {larisa} I did
[12:05] {bkhmd} awsome Vad Im suprised the colors last that long up there Im near baltimore no leaves on trees for 3 weeks
[12:05] {Threei} well, west coast is more generous weather wise as a rule
[12:06] {fernp} as always, very nice photos Vad
[12:06] {Threei} ty
[12:06] {nemo} they have warmer maritime climate
[12:06] {nemo} Hey BK, driving through Baltimore tomorrow night
[12:07] {bkhmd} have time for a beer?
[12:07] {Threei} so considering the way nemo drives, don't venrture out
[12:07] {bkhmd} lol
[12:07] {nemo} you'll be in bed when I'm coming through
[12:07] {bkhmd} ahhh I up at 3:00 every day
[12:07] {strider} amzn spike
[12:07] {bkhmd} 4:30 on weekends
[12:07] {bkhmd} lol
[12:07] {bkhmd} but beer for breakfast not good
[12:07] {Threei} no??
[12:07] {Threei} oops...
[12:08] {nemo} I'm leaving Mass about 7 or 8 pm...
[12:08] {bkhmd} final destination?
[12:08] {nemo} When I lived in Germany, used to have beer w/breakfast
[12:08] {nemo} Bowie, MD
[12:08] {bkhmd} ahh college?
[12:08] {nemo} no, relatives
[12:08] {bkhmd} cool
[12:08] {nemo} you talking Bowie State..oy
[12:08] {bkhmd} yea
[12:09] {nemo} yeah, on 197
[12:09] {bkhmd} its a train stop om my way to office in DC
[12:10] {bkhmd} i look forward to that stop as it means the 2 hour train ride is almost over
[12:10] {nemo} strider, amzn bounced off R2
[12:10] {nemo} 2 hrs...oy
[12:11] {bkhmd} only do it two days a week 3 days home trading I mean working from home
[12:15] {Les} AWIAV?
[12:16] {nemo} c
[12:16] {Les} all is good then
[12:16] {Threei} magoo will be angry about copyright
[12:16] {nemo} w/mags it's a copyleft
[12:16] {Threei} lol
[12:17] {Les} hgsi dead cat bounce?
[12:18] {Les} is that the right term for this pattern?
[12:18] {Threei} it's not the name of a pattern
[12:18] {nemo} nuva vad
[12:19] {strider} at weekly support..nuva
[12:19] {bkhmd} anyone here have expierience with MB Trading?
[12:20] {Threei} tough read
[12:20] {nemo} lunchtime though
[12:20] {BillyD} Vad, WFC approaching low end of range...any feel on it if sets up?
[12:20] {Threei} can be very volatile too
[12:20] {nemo} yeah, could be a vaseline moment
[12:20] {strider} bwahahahaha
[12:20] {Threei} 50/50 WFC, Billy
[12:21] {BillyD} ty
[12:21] {strider} tell us more about those vaseline movements, nemo
[12:21] {Threei} .05 long, 28 short, both are valid, both have 50/50 chance tow rok
[12:21] {nemo} moment, not movement
[12:22] {Threei} tow rok?
[12:22] {Threei} sigh
[12:23] {Threei} to work
[12:25] {nemo} yeah, nuva broke
[12:26] {BillyD} ABIO bio runner
[12:27] {Threei} I don't have ay news for it
[12:28] {strider} ARCA biopharma receives FDA
[12:28] {BillyD} UPDATE 1-ARCA gets fast-track status for heart drug, shares rise
[12:28] {strider} fastrack for .....yeah, what billy said.
[12:28] {BillyD} from Yahoo,
[12:29] {BillyD} Reuters feed
[12:29] {Les} HIG vad
[12:29] {strider} impossible spread
[12:30] {strider} abio
[12:30] {BillyD} yeah, not fond of its personality
[12:43] {strider} Vad, you see any trades coming in the next 5 minutes? I need to switch computers.
[12:43] {bkhmd} lol
[12:43] {bkhmd} lol
[12:43] {bkhmd} lol
[12:43] {Threei} I'll wait for you
[12:43] {Threei} I promise
[12:43] {strider} thank yo kind sir
[12:43] {Threei} everyine get ready
[12:43] {strider} get ready to wait?
[12:43] {nemo} rimm formed a nice range
[12:43] {Threei} as soon as strider disconnects the room, we grab a huge winning play
[12:43] {nemo} hurry up and wait
[12:44] {strider} ok...ok
[12:44] {Threei} and we need to finish it in 5 minutes
[12:44] {strider} how's that for speed.
[12:44] {Threei} impressive
[12:45] {strider} I
[12:45] {strider} I'm fast....but not loose..........anymore.
[12:45] {nemo} rimm break?
[12:46] {Threei} which way?
[12:46] {ilana} lol
[12:47] {nemo} oh, sorry, north
[12:50] {nemo} garden variety, pre thanksgiving lunchtime scalp
[12:51] {Les} hig short? .40 break .50 stop?
[12:51] {Threei} nah... just random oscillation
[12:51] {Threei} HIG, no
[12:51] {Les} k
[12:51] {Threei} look how it moves between those two limits
[12:52] {Threei} no smooth slide
[12:52] {Threei} jerky jumps up and down
[12:52] {Threei} make it pretty much a guesswork
[12:53] {BillyD} these momos aren't giving us clear entries :(
[12:56] {strider} SEED pushing for hod again
[12:56] {fernp} KEY seems to be strong
[12:57] {fernp} and 6 break could be interesting
[13:01] {Threei} push for 10 is coming SEED
[13:02] {Threei} - indirect bidders take 44.5% of competitive bids with 95.8% alotted at the high
[13:02] {nemo} omg...what a setup at 9.10
[13:04] {Threei} magoo, where are you
[13:05] {nemo} combo momo technical..can't ask for more
[13:05] {Threei} 10
[13:07] {nemo} wathing for bear flag break on rimm
[13:08] {Threei} .14 short?
[13:08] {nemo} yeah or aggressive here
[13:08] {nemo} although lunch and
[13:09] {Threei} well, it could be better idea than regular entry counting on follow through
[13:10] {larisa} well, i am regular :) I see it as long from here, scalp only though
[13:10] {nemo} break of .30 would be long
[13:10] {nemo} no?
[13:10] {BillyD} well, I don't know
[13:10] {nemo} neither do we
[13:10] {larisa} lol
[13:10] {Threei} .30... nah
[13:11] {Threei} I'd rather went for somwething here, long or short,
[13:11] {ilana} NUVA b/d?
[13:11] {Threei} and aimed to get out into spike to .30 or drop to .10, lol
[13:11] {larisa} right :)
[13:11] {nemo} definite maybe
[13:11] {Threei} NUVA, no, not here
[13:11] {Threei} this thing can be very volatile
[13:12] {Threei} and it's pretty much random right now
[13:12] {Threei} just not worth the risk
[13:12] {nemo} rmbs froming long break chart
[13:12] {fernp} ACI 22 breakdown, Vad?
[13:13] {Threei} dropped too sharply into it from .10 break
[13:13] {Threei} .10 was much better entry
[13:13] {Threei} see if it consolidates again
[13:13] {fernp} ok. ty
[13:14] {Threei} if it breaks on the go, just skip it
[13:14] {Threei} can turn into trap easily
[13:15] {Threei} but if makes a moves up and down not going over .10 and better yet .05, then 22 break will be a nice setup
[13:15] {Threei} makes a few moves
[13:16] {Threei} looks much better now
[13:17] {fernp} yeah
[13:17] {Threei} couple min of tight consolidation
[13:19] {larisa} this is boring, can i go back to the beach?
[13:19] {Threei} no
[13:19] {Threei} stay and suffer
[13:19] {Les} beaches in canada?
[13:20] {larisa} end of November, Canada? No :)
[13:20] {Threei} shapes up finally
[13:20] {Les} what temperatures in summer where you live vad?
[13:20] {Threei} if not going over .05 now, will be a good short setup
[13:21] {Les} 22 break?
[13:21] {Threei} about 25C
[13:21] {Threei} yes
[13:25] {Les} big buying at 22.
[13:27] {BillyD} Vad, looking for .25 on ACI short?
[13:28] {BillyD} fprget it
[13:28] {BillyD} forget
[13:28] {fernp} stop above 22.10 or 22.06?
[13:28] {Threei} .06
[13:31] {strider} y;all got any charts..nothing here
[13:32] {Threei} hmm?
[13:32] {strider} crap...I lost everything for about 2 min.
[13:32] {fernp} whats happen?
[13:32] {strider} back now.
[13:32] {strider} had two open.
[13:34] {strider} anyone in ACI?
[13:34] {fernp} me
[13:34] {BillyD} yes
[13:34] {Les} y
[13:34] {strider} now I feel better. :)
[13:35] {ilana} yes
[13:37] {Threei} Short Setup: HIG .40 break
[13:37] {ilana} what this volume spike means on ACI?
[13:38] {ilana} now i know...
[13:38] {Threei} nothing really
[13:38] {Threei} it moves with market at this point
[13:38] {ilana} buying came
[13:38] {Threei} see lille market spike?
[13:39] {Threei} Support for Health Care Plan Falls to New Low
[13:39] {strider} Something rather unnerving.......Got disconnected from Laser....finally quotes & charts came back......then tried to exit a position, and nothing.
[13:39] {strider} I had to reconnect, even though I was getting quotes.
[13:39] {BillyD} that happens sometimes strider
[13:39] {Threei} it means you lost interenet connection,
[13:39] {nemo} yep...happened to me before
[13:40] {Threei} when it happens and quotes get resxtored - executor does not
06[13:40] * nemo slaps lasertrev around a bit with a large stable platform
[13:40] {strider} duh
[13:40] {strider} hah, nemo
[13:40] {Threei} quotes will get restored by themselves but for executor to get reconnected you need to do it manually
[13:40] {lasertrev} whats up?
[13:40] {strider} t'anks...
[13:41] {strider} Just lost connections a bit ago...
[13:41] {nemo} nothing, just routine abuse
[13:41] {fernp} lol
[13:41] {Threei} just wanted to say...
[13:41] {strider} when quotes came back, I thought all was well.
[13:41] {Threei} simply slap him back trev, it's nemo... he is not doing it for any other reason than he just loves slapping people
[13:41] {strider} Was still unconnected , as far as placing/exiting trades.
[13:42] {nemo} for some reason the "they didn't expect, the Spanish inquisition" line goes through my head
[13:42] {lasertrev} anything "executor" means a loss of connection between you and server
[13:43] {strider} I never saw executor screen until I manually reconnected.
[13:43] {lasertrev} trev slaps nemo silly with a frozen salmon
[13:43] {strider} Anyway, I'm holding you responsible...)
[13:43] {strider} :)
[13:43] {strider} It caused me to make an extra .05.
[13:43] {Threei} why wouldn't you
[13:44] {Threei} I for one am holding trev responsible for the amazin tainforest problems
[13:44] {Threei} amazon
[13:44] {Threei} rainforest
[13:44] {Threei} sheesh
[13:44] {strider} Actually, it was Amazon I was in.
[13:44] {Threei} lol
[13:44] {nemo} and global change
[13:44] {Threei} no, for that I blame Al Gore
[13:44] {lasertrev} lol, as long as your not turning of quote servers again
[13:44] {Threei} but the rest is Trev's fault
[13:45] {strider} ACI moves
[13:45] {nemo} poor trev, didn't know what he was getting into with Dave
[13:45] {lasertrev} :s
[13:45] {Threei} yeah Trev... did good ol' davie actually warn you this is an asylum?
[13:45] {Threei} ACI 1:1
[13:46] {Les} out ty
[13:46] {strider} HIG looking like reversal
[13:46] {fernp} ty
[13:46] {strider} whatcha think vad?
[13:46] {Threei} don't want to go long on it
[13:47] {Threei} to me it looks like take short is sets up, ignore if sets long
[13:47] {Threei} is = if
[13:48] {strider} out 1/2 ACI
[13:48] {fernp} gj
[13:48] {BillyD} thx ACI fern/Vad
[13:48] {Threei} 1:2
[13:52] {nemo} everything is trading by appointment
[13:52] {Threei} 1:3
[13:52] {Threei} what a nice little cutie
[13:52] {nemo} damn bad order execution on pru short
[13:52] {strider} out
[13:53] {fernp} are you still in, Vad?
[13:53] {Threei} no
[13:56] {BillyD} HIG invalidated right
[13:56] {Threei} yes
[13:56] {Threei} watchig for new consoliodation
[13:56] {Threei} although it seems it's the best play between limits
[13:57] {Threei} buying near .40 and shorting near .50 would have worked probably 3 times already, lol
[13:58] {strider} HIG would be a short?
[13:58] {Threei} ummm
[13:59] {Threei} you blacked olut strider? :)
[13:59] {strider} lost my discussion data when I rebooted. Looks long to me.
[13:59] {Threei} [13:46] {strider} whatcha think vad?
[13:59] {Threei} [13:46] {Threei} don't want to go long on it
[13:59] {Threei} [13:47] {Threei} to me it looks like take short is sets up, ignore if sets long
[13:59] {Threei} [13:47] {Threei} is = if
[14:00] {Threei} [13:56] {BillyD} HIG invalidated right
[14:00] {Threei} [13:56] {Threei} yes
[14:00] {Threei} [13:56] {Threei} watchig for new consoliodation
[14:00] {Threei} [13:56] {Threei} although it seems it's the best play between limits
[14:00] {Threei} [13:57] {Threei} buying near .40 and shorting near .50 would have worked probably 3 times already, lol
[14:00] {Threei} dino!
[14:00] {Threei} you OK?
[14:00] {strider} It's Trev's fault.
[14:00] {Threei} everything is
[14:00] {Threei} aside of global warming which is Al Gore's
[14:01] {Threei} ACI 1:4... sheesh
[14:01] {dino} yes, real estate this a.m.
[14:01] {BillyD} yeah, that break of .97 was an indicator but I didn't follow my plan to hold for time
[14:01] {Threei} okay... there was a play about which magoo will howl like coyote when he sees it
[14:02] {strider} Vad, now you know why I have to be a scalper.....that's as long as I can remember.
[14:02] {dino} he's bear hunting
[14:02] {Threei} that's actually a bit too long for me strider
[14:02] {Threei} here are two criteria:
[14:02] {Threei} 1. fish, memory span is 21 seconds
[14:02] {nemo} alright...nobody asked me
[14:03] {nemo} 1/2 out pru short .91
[14:03] {Threei} can grab the same hook with the same worm on it 3 times a minytre, not remembering anything about last time
[14:03] {Threei} 2. moth, memory span is 6 seconds
[14:03] {nemo} tell the moth joke again Dino
[14:03] {Threei} gets burned by lamp, flies away, gets back 10 times a minute
[14:04] {nemo} yeah, and some of us get into relationships repeatedly
[14:04] {dino} what do you have if you have one moth ball here.................................and one moth ball here?
[14:04] {nemo} What Dino?
[14:04] {Threei} larisa... nothing changes eh?
[14:04] {dino} pretty big moth
[14:04] {strider} nemo, that's not memory problems...
[14:04] {Threei} you heard this joke before vacation
[14:04] {nemo} Bwahahahahahahaha
[14:04] {BillyD} is HIG still on now?
[14:04] {Threei} you hear it after
[14:05] {strider} hah
[14:05] {strider} are we gonna take this hig short.?
[14:05] {fernp} are we going to short HIG if breaks .40?
[14:05] {strider} fern:)
[14:05] {Threei} looks valid to me
[14:06] {strider} big stop?
[14:06] {Threei} keep and eye on FAS
[14:06] {fernp} .50 stop?
[14:06] {Threei} for hardcore scalpers .46
[14:06] {Threei} for sane traders .51
[14:07] {bkhmd} which trade HIG or Fas
[14:07] {Threei} HIG... FAS is leading indicator for it
[14:07] {nemo} look at cat just sitting for a fall
[14:11] {Les} 1st minute candle is all that stands between spy and gap fill
[14:11] {fernp} ty
[14:11] {Threei} HIG 1:1 for sane traders
[14:11] {Threei} pesky scalpers have 1:2
[14:12] {BillyD} lol
[14:13] {strider} out +.07
[14:14] {Threei} nice CAT
[14:15] {Threei} you are on the right wavelenght today nemo
[14:15] {nemo} 1/2 out .29
06[14:15] * Threei slaps nemo around a bit with a large roll of cash
[14:15] {BillyD} gj nemo
[14:15] {nemo} playing small though
[14:15] {nemo} today feels strange
[14:15] {BillyD} that's because you are starnge
[14:15] {BillyD} strange to
06[14:15] * Threei shrugs slaps nemo around a bit with a small roll of cash
[14:16] {nemo} no credit for tht Billy, kindergarten stuff
[14:16] {BillyD} lol....
[14:16] {BillyD} I will sick Vad on you nemo
[14:16] {nemo} np
[14:17] {nemo} his slams are much better than yours..ppphhhhhhht!!!!
[14:17] {Threei} you will what me on him?
[14:17] {nemo} like sending a dog to bite somebody
[14:17] {BillyD} take care of him Vad
[14:17] {dino} gj nemo
[14:18] {BillyD} he is out of line again....hard to imagine I know
[14:18] {nemo} stop to .35
[14:18] {Threei} much easier than to imagine him being in line
[14:18] {BillyD} so true
[14:18] {strider} you mean...there's a line?
[14:18] {Threei} never knew sick had that meaning
[14:19] {BillyD} never heard someone say to theor dog: sick em
[14:19] {Threei} can you guys make it easiwer for us foreigners and have just one word for each meaning and one meaning for each word?
[14:19] {BillyD} not that you are a dog or anything
[14:19] {nemo} nah, English doesn't work that way
[14:19] {strider} vad, could you possibly have just one spelling for each word?
[14:19] {dino} lol
[14:19] {nemo} nice one strider
[14:19] {Threei} fair point strider
[14:19] {BillyD} Ok Vad, how is this:
[14:19] {Les} sick - sic isn't it?
[14:20] {nemo} see BIlly, that's good stuff
[14:20] {strider} I think so, Les
[14:20] {BillyD} smack nemo upside the head
[14:20] {nemo} I don't think speaking latin to a dog is a good idea Les
[14:20] {Threei} that I understand
[14:20] {Threei} appreciate
[14:20] {Threei} and like to do
[14:20] {strider} amzn h&s.....but, I dunno.
[14:21] {nemo} stop to 32
[14:21] {nemo} .32
[14:21] {strider} .32 ACP?
[14:21] {nemo} actuallly, kinda looks long now
[14:21] {nemo} out cat
[14:22] {nemo} oops
[14:23] {nemo} too small strider, unless you're right up against him
[14:23] {strider} agree.
[14:23] {nemo} try to find that stuff right now...sheeesh
[14:24] {strider} I know... better than a few months ago, though.
[14:24] {nemo} yeah they should sell vaseline with it now
[14:24] {strider} Vad, AMZN read?
[14:25] {Threei} .80 break short
[14:25] {Threei} no long
[14:25] {Threei} ideally if never goes over .90
[14:26] {strider} would you take it?
[14:26] {nemo} looks like it could be long over .90
[14:26] {Threei} unless I black out between now and trigger
[14:26] {nemo} no volume on this price rise
[14:26] {Threei} no
[14:26] {strider} never mind.
[14:26] {Threei} not going for long on it
[14:26] {strider} how that happens to you too.
[14:26] {strider} oh
[14:26] {nemo} now volume coming in
[14:29] {Threei} Market Internals update at 2:00pmET
[14:29] {Threei} - NYSE volume 545M shares, about 22% below its three-month average; advancers lead decliners by 6.1:1.
[14:29] {Threei} - NASDAQ volume 1.21B shares, about 17% below its three-month average; advancers lead decliners by 2.7:1.
[14:29] {Threei} - VIX index -5% to just over 21.00
[14:31] {Les} WFC
[14:33] {nemo} text book pullback off bottom of fcx
[14:34] {nemo} hit swing price high at 85.12, volume dried up on pullback and then increased on price rise
[14:34] {larisa} you mean at 14:23 14:24 ?
[14:35] {nemo} yes ma'am
[14:35] {larisa} one of my fav setups
[14:35] {Threei} sheesh... I couldn't understand which side on V nemo was talking about
[14:35] {Threei} larisa, you better be careful... understanding nemo's train of thought is not a sign of a good mental health, ya know
[14:36] {nemo} being in this room isn't either
[14:36] {Threei} true
[14:36] {Threei} but then again, mental health is not a strick requirement for being profitable
[14:37] {Threei} of which we are living proof
[14:37] {nemo} also true
[14:37] {larisa} this one fits my system perfectly, but i am not looking at things nemo does, so i am safe :)
[14:38] {nemo} Not necessarily...we've never compared notes
[14:45] {Threei} speaking of that setup,
[14:46] {Threei} that's the way you hunt the bottom on hard selling ones in the most safe way
[14:46] {Threei} instead of trying to guess which leg is the last
[14:46] {Threei} and arbitrary buying every new low
[14:46] {nemo} another clue: it basically hit friday's close
[14:48] {larisa} and another clue: it started to uptrend first time since break of 87.
[14:48] {dino} nuva hl l .50
[14:48] {nemo} yeah, broke the downtrend
[14:51] {fernp} LOW if breaks 22...
[14:52] {nemo} long fern?
[14:53] {fernp} could be
[14:53] {fernp} daily looks nice
[14:54] {BillyD} RMBS hangs near low area, maybe short if breaks down
[14:54] {BillyD} slow pace on it right now
[14:56] {nemo} turtle market right now billy
[14:57] {dino} the turtle of amazing girth, upon his back he carries the earth
[14:57] {strider} : Cephalon shares defended at UBS-----I guess this means they're underwater on CEPH?
[15:01] {Threei} I guess
[15:01] {Threei} LOW high
[15:01] {fernp} if KEY breaks 6, could be a good swing trade
[15:02] {fernp} LOW also could be a good swing
[15:02] {fernp} and better intraday :-)
[15:03] {fernp} 22 break, Vad?
[15:03] {fernp} w/stop under .90?
[15:05] {strider} LOW atr: .55
[15:05] {Threei} yup
[15:06] {strider} CENT
[15:06] {strider} thin
[15:06] {nemo} dino stock
[15:09] {dino} hmm
[15:10] {strider} down grade on CENT, dino
[15:10] {dino} ty
[15:27] {Threei} SEED is not done still
[15:27] {Threei} wow
[15:28] {ilana} HIG short?
[15:28] {Threei} no clear setup here
[15:28] {Threei} oscialles bwteen .30 and .45
[15:28] {Threei} oscillates too
[15:30] {fernp} Not my day today. out LOW
[15:31] {Les} yeh, I was in LOW but the lack of volume above 22 told me it was no go. sold it as soon as it dropped.
[15:33] {Les} gonna get gap fill on spy?
[15:33] {nemo} that would be serious
[15:34] {Les} wfc is back to lows
[15:34] {Les} fas new low
[15:34] {dino} nuva stopped
[15:35] {nemo} 15:40 ppt
[15:36] {Threei} {PPT} huh?
[15:36] {nemo} Plunge Protection Team
[15:36] {Threei} sigh
[15:36] {Les} you expecting the cavalry to arrive?
[15:37] {Threei} way to get the meaning {G}
[15:37] {nemo} paranoid delusion
[15:37] {nemo} I love the anarchy of plunges
[15:40] {strider} you shoulda been a plumber.
[15:40] {Threei} lol
[15:41] {dino} what a rinse nuva was
[15:42] {ilana} the maret was
[15:43] {strider} BRCD reporting after close
[15:44] {Threei} (US) President Obama: economy is growing again, only take first step to heal economy - post cabinet meeting reports
[15:44] {Threei} oh good
[15:45] {BillyD} maybe CAT short opp - eod though
[15:45] {Les} fas good to short?
[15:46] {Les} do you short etf's?
[15:46] {Threei} you see a valid setup on it?
[15:46] {strider} CEPH seems to have confirmed support at 54
[15:47] {Les} .75 trigger. hmmm. stop is a little too big...
[15:47] {Threei} .75?
[15:48] {Threei} how do you arrive at that as a short trigger?
[15:49] {Les} it was plunging towards 76.75, but again. no consolidation. no steady movement into trigger. jumps around like a jack rabbit. stupid idea.
[15:50] {Les} .75 would have made new low for fas
[15:50] {Threei} you hot it
[15:50] {Threei} price alone is not an indication
[15:51] {Threei} the way stock arrives at it is important
[15:51] {Threei} hot = got
[15:52] {larisa} got not hot
[15:52] {nemo} Sam I am
[15:52] {larisa} vad started it
[15:52] {Les} can't I be hot?
[15:52] {nemo} Yeah, and like lemmings, we followed
[15:52] {nemo} Les, you're giving me really bad visuals
[15:52] {bkhmd} good night all
[15:53] {Les} night bk
[15:53] {Threei} salreo, check your e-mail please
[15:53] {nemo} amzn finishing near high
[15:54] {dino} cya bk
[15:55] {Threei} take care bk
[15:56] {Threei} wow... SEED finishes near high
[15:57] {Les} is that H&S developing on SEED?
[15:57] {Threei} not really
[15:57] {Threei} and this is momentum mover
[15:58] {fernp} Good evening everybody. See u all tomorrow
[15:58] {Threei} take care fern
[15:58] {strider} nite fern.
[15:58] {nemo} could bode well for tomorrow
[15:58] {nemo} bn fern
[15:58] {Les} night fern
[15:58] {Les} how nemo? long or short?
[15:59] {nemo} long
[15:59] {Les} oh. thought too many traders crowding the same trade.
[15:59] {Les} maybe big selloff instead...
[15:59] {strider} what's wrong with CAT today?
[15:59] {nemo} finishing near high sign of strength, but anything coul happen
[16:00] {strider} filled gap from open.
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {strider} thanks, vad.
[16:00] {Les} ty vad. night all
[16:00] {nemo} hasta banana
[16:00] {larisa} bye :)
[16:05] {strider} night everybody.........see you tomorrow.
[16:05] {nemo} ooops, earning on hp ust not be good
[16:05] {Threei} HPQ Reports Q4 $1.14 v $1.13e, R$30.8B v $30.4Be
[16:05] {Threei} - Guides Q1 $1.03-1.05 v $1.04e,
[16:06] {nemo} which is not unusual, 1st quarters always are the worst