Dec 07 2009

Decent day with a few shorts and longs. Mostly usual suspects in play: CAT, WFC, AIG etc.

Session Time: Mon Dec 07 00:00:00 2009

[08:06] {Threei} SOMX Receives response letter from FDA; NDA cannot be approved in present form (3.53, 0.00, 0.00%)

[08:10] {nemo} strider dcc

[08:20] {Threei} BLTXX Baltic Dry Bulk Index declines 1.7% (first decline in 4 sessions)

[08:29] {BillyD} GM Vad

[08:29] {Threei} Billy :)

[08:30] {Threei} *(CA) CANADA OCT BUILDING PERMITS M/M: 18.0% V 1.0%E

[08:30] {Threei} say what?

[08:31] {BillyD} wow

[08:38] {strider} SOMX just hit the deck.

[08:39] {Threei} was halted

[08:39] {Threei} I tried to short it when news came out

[08:41] {strider} not bouncing.

[08:42] {Threei} FDA rejection is tough thing for these small ones

[08:42] {BillyD} yesterday's darling is now today's orphan

[08:43] {Les} hello

[08:43] {BillyD} hi les

[08:43] {Threei} sic transit gloria mundi

[08:43] {Threei} morning les

[08:43] {Les} thanks to group mobbing and MPP, 2% risk rule is firmly understood

[08:43] {nemo} illegitimi non carborundum

[08:44] {Threei} cool beans les

[08:44] {Les} I understand now why you jump all over 10 cent stop plays Vad

[08:44] {BillyD} we were just wanting to help you Les :)

[08:45] {nemo} Not me...I like to kick a man when he's down

[08:45] {BillyD} rofl

[08:45] {Threei} easy... 1:1 is easier reachable when it's a smaller move in absolute terms, and with decent amount of shares it's safer and more consistent way to trade

[08:48] {Moose} gm all

[08:48] {Threei} Moose :)

[08:48] {Moose} :D

[08:49] {Les} yes, trading 50 shares and not even taking 1:1 was pretty lame in hindsight

[08:49] {Les} afternoon moose

[08:49] {strider} Morning everyone.

[08:49] {Moose} gm Les

[08:49] {Moose} strider

[08:49] {Threei} no more then, which takes me to this photo, courtesy of Raven, which you and moose will enjoy:

[08:49] {Threei} http://realitytrader.com/vad/LES.JPG

[08:49] {Threei} strider :)

[08:50] {Moose} lol.. there you go

[08:50] {Threei} :)

[08:50] {Moose} Les thought I was kidding

[08:50] {strider} Mr. vad.

[08:51] {ese} morning

[08:51] {Les} no way! they spelt "less" like that. Ok understand joke now

[08:51] {Moose} heh

[08:51] {Les} thought moose was taking poetic license

[08:52] {Threei} it's a triple level joke

[08:52] {Threei} beauty

[08:52] {Threei} play of words on les-less, more-moore

[08:54] {Les} oh wow your right

[08:54] {Les} didnt even see it

[08:54] {Threei} see all the variations? :)

[08:54] {Les} someone with very witty humour

[08:54] {Threei} yup... moose totally made my day on Friday

[08:54] {Threei} and Raven polished it with visual

[08:54] {Les} its plagiarisism, but I would definitely like that tombstone on my coffin

[08:55] {Les} plagiarism too

[08:55] {Threei} but your last name is not Moore

[08:55] {Moose} good point ... lol

[08:55] {strider} I used to know a Les Moore.

[08:55] {Threei} don't get upset though, you've got enough time to come up with your own {G}

[08:57] {Les} fcx has moved within 30 cent odd range premarket

[08:58] {nemo} Where is important support an resistance less, an why?

[08:58] {Les} is that less or les?

[08:59] {nemo} sorry les....les

[08:59] {fernp} Good morning everybody

[08:59] {Les} on 15 and 60 min... nothing

[08:59] {ese} morning fern

[08:59] {Les} on daily

[08:59] {Threei} fern :)

[09:00] {nemo} all time frames give clues les

[09:01] {nemo} les, did you see the write up with the charts on fcx?

[09:01] {Threei} ese :)

[09:01] {nemo} dude

[09:01] {Les} where?

[09:01] {ese} dude....vad

[09:01] {Les} Bill's place?

[09:01] {nemo} dcc les

[09:10] {Threei} MET CFO: 4th quarter results could be in high end of given range ($0.90-0.95 v $0.91e) -conf comments

[09:10] {Threei} - Continue to see attractive margins in structured securities (35.33, 0.00, 0.00%)

[09:11] {Moose} nemo... FCX writeup where?

[09:12] {nemo} dcc moose

[09:12] {Moose} ahh.. ok thks

[09:18] {larisa} gm :)

[09:18] {Threei} larisa :)

[09:18] {BillyD} larisa :)

[09:18] {BillyD} Vad, you interested in NVDA

[09:18] {Les} hi Larisa, ese, fern :)

[09:18] {larisa} :)

[09:18] {nemo} hi lari

[09:19] {larisa} nemo :)

[09:19] {Threei} I understand it moves on this

[09:19] {Threei} 17:14 INTC To cancel launch of first chip based on the Larrabee design - WSJ

[09:19] {Threei} - The chip was expected to deliver complex graphics for videogames

[09:20] {BillyD} right

[09:20] {dino} gm all

[09:20] {BillyD} hey dino

[09:21] {Threei} dino :)

[09:22] {Threei} I'd wait for a decent pullback Billy... NVDA is a ery heavy stock, I have hard time believeing it would act frisky on such gap

[09:22] {BillyD} ok, just seeing if on your list

[09:22] {lasertrev} gm

[09:22] {BillyD} trev

[09:22] {Threei} trev :)

[09:23] {lasertrev} hi Billy, Vad

[09:25] {nemo} things looking like they're setting up for a drop on the open

[09:25] {ese} traded NVDA for quite a while it doesn't move very quickly billy as vad says

[09:25] {Threei} same impression, just don't want to get caught in opening volatility

[09:25] {nemo} nope

[09:25] {Threei} keeping an eye on WFC for possible short

[09:26] {nemo} having said that, fcx sitting right at support

[09:26] {BillyD} thx ese

[09:27] {Threei} decent pullback NVDA

[09:28] {ese} as a matter of fact....this is the biggest gap i've seen on it in a year.....i would expect big time pull back

[09:28] {BillyD} that was nasty little trick

[09:28] {dino} ubsi spkie

[09:29] {magoo} klhDKLHd

[09:29] {ese} if i remember correctly i caught the breakout at 10.50 in march with about 50k

[09:29] {dino} nvda up 5 days in row, buy the rumor sell the news, intc

[09:29] {Threei} mags :)

[09:29] {BillyD} good point dino

[09:29] {Threei} let's see if WFC gives us nice tight range with .95 break as short trigger

[09:29] {ese} mags (*&&^%KJH

[09:31] {Threei} Short Setup: NVDA .90 break

[09:31] {Threei} if stays under 16

[09:32] {BillyD} low AIG volume

[09:33] {Les} wfc resistance .20 at present

[09:33] {Les} fas

[09:33] {Les} sorry

[09:33] {Threei} watching JASO for long near .50

[09:34] {strider} pullback?

[09:34] {Threei} if gets there

[09:34] {Threei} not really breakout stock, too thick

[09:36] {Threei} Long Setup: RIMM .55

[09:36] {ese} DIS breakout crossed 31.10

[09:36] {Threei} ugh, late

[09:36] {magoo} in

[09:37] {Les} CAT not going with market yet

[09:37] {Threei} take profit here mags

[09:38] {strider} JASO?

[09:39] {ese} out my drys position.......+.09 on 60k of it

[09:39] {Threei} not pulling back enough, and I am not jazzed about buying break on it

[09:39] {ese} should have taken it at ,50 last week

[09:40] {ese} L dis .15

[09:40] {Threei} beter than poke in the eye ese

[09:40] {ese} ya true

[09:41] {ese} don't know what to make of it right now......better safe sthan sory

[09:41] {Threei} USD/RUB (RU) Russian Central Bank (CBR) purchased $7.3B and 745M in Nov (related EUR/RUB )

[09:41] {Threei} heh

[09:41] {Threei} so much for all the diversification talk

[09:42] {ese} out dis .21 +.06

[09:42] {Threei} frikin AIG does it again

[09:42] {Les} wfc .10 b/d with .20 stop?

[09:42] {Threei} watch it for possible entry if gives sharp fast pullback to under .210

[09:42] {Threei} under .20

[09:43] {Threei} WFC... need more clarity and market help

[09:43] {Threei} but overall looks right for such setup

[09:43] {strider} under .20 this is AIG?

[09:44] {nemo} huh...aig looks like massachusetts on the chart

[09:44] {Threei} yes strider

[09:44] {strider} long gone. :)

[09:44] {Threei} hmmm... nemo, I pity to doctor who has to show you those Rorshach(sp?) ink spots

[09:44] {strider} aep

[09:45] {strider} sorry, wrong keyboard.

[09:45] {Threei} I mean pullback strider

[09:45] {Threei} never happened

[09:45] {magoo} out AIG .91 + .51

[09:45] {magoo} TY vad on alert

[09:45] {strider} yeah...that's why I said long gone.

[09:45] {Threei} sure

[09:45] {magoo} had the feel

[09:46] {BillyD} nice one mags

[09:46] {magoo} well..dammit

[09:46] {Threei} no kidding

[09:47] {magoo} i had the correct feel

[09:47] {magoo} just it burns me so often

[09:48] {magoo} might be the day vad..AIG

[09:48] {magoo} lets watch it

[09:49] {nemo} cat vad

[09:49] {Threei} CAT is short in my eyes

[09:49] {Threei} Short Setup: CAT 58 break

[09:49] {Threei} if stays under .20

[09:50] {magoo} mkts turning up here

[09:51] {nemo} akam vad l ..95 break stop under .85?

[09:51] {Threei} doesn't feel right to me

[09:51] {nemo} invalimudated anyway

[09:51] {Threei} volume is all worng

[09:52] {Threei} Long Setup: AIG half lot .20 break

[09:54] {Moose} invalid?

[09:54] {Threei} no need to say, invalidated

[09:55] {Moose} yep

[09:55] {Threei} (US) Reportedly White House has approved rule allowing EPA to regulate Co2

[09:55] {nemo} oh oh

[09:55] {Threei} lol

[09:55] {Moose} gotta hold your breath now

[09:55] {Threei} you prepare to fight them at the door, they just sneak through the window

[09:55] {nemo} don't need copenhagen treaty now..they'll just slam us

[09:55] {fernp} SANM .40 break, Vad?

[09:56] {Threei} SANM is chinese torture stock

[09:56] {fernp} torture stock? ok. forget it

[09:56] {Threei} *note: EPS is expected to give press conference later in the afternoon expressing its changed view, making Co2 a pollutant which can then be regulated

[09:56] {Threei} ***Note: On 9/22 EPA finalized initial greenhouse gas reporting rules, new system covers 85% of US emissions

[09:57] {nemo} great...breathing is pollution

[09:58] {Les} screw breathing. what is the EPA gonna do about all the cows you guys got?

[09:59] {Les} plug their butts?

[09:59] {Threei} cork plugs I'd think

[09:59] {nemo} that's not co2

[09:59] {Moose} Les, I'm eating them as fast as I can!

[09:59] {nemo} I thought moose were herbavores

[10:00] {nemo} herbivores

[10:00] {Moose} { outcast

[10:00] {dino} lol

[10:01] {Threei} WFC remains a weakling

[10:01] {nemo} nuva been happy last couple of days

[10:01] {Threei} .95 is still attractive short trigger

[10:02] {Threei} 27.10 is resistance for stop placement

[10:02] {BillyD} what is stop .05

[10:02] {Threei} .05 for hard core scalpers

[10:02] {Threei} and it looks like much more than scalp to me

[10:03] {Threei} with any market help, capable of a bigger move

[10:04] {Moose} 1:1 i assume

[10:05] {Moose} tgt 26.80

[10:05] {strider} missed it.

[10:05] {Threei} wow... it was easy entry

[10:06] {strider} guess I'm a doofus.

[10:06] {strider} had entry at .94

[10:06] {dino} aapl bruised

[10:06] {BillyD} I was slow here and missed

[10:06] {dino} bth interesting

[10:06] {dino} mon not following ferys

[10:06] {dino} ferts

[10:07] {Threei} .95 was there for hitting...

[10:07] {BillyD} was waiting for actual break

[10:07] {dino} pru gives all met news back

[10:07] {Threei} it was actualy break... low was .96

[10:07] {Threei} so .95 was a trigger

[10:07] {dino} mon hl l .50, stop .22

[10:07] {Moose} thats how i understood it

[10:07] {BillyD} thought .95 break was trigger...lol

[10:08] {BillyD} vAD, TOO LATE TO ENTER NOW??

[10:08] {Threei} looks like bounce to shoert to me

[10:09] {magoo} r u screaming he he?

[10:09] {BillyD} sorry

[10:09] {Threei} volume drops on FAS, WFC and market

[10:09] {Threei} so, short is valid

[10:11] {magoo} rimm stronger than mkt

[10:11] {BillyD} yeah

[10:11] {Threei} ASIA is crazy

[10:13] {Threei} S&P signs agreement to jointly develop new Treasury Indices with BGCantor

[10:13] {Threei} - The new U.S. Treasury Bond Indices, expected to launch in the first quarter of 2010, will use end of day U.S. Treasury bond pricing from BGCantor Market Data, and will be maintained and published by S&P Indices. The joint effort will result in U.S. Treasury Indices designed to meet custom requirements, liability driven investing and portfolio building strategies.

[10:14] {strider} short WF 27

[10:14] {strider} WFC

[10:15] {dino} wag hl l .91

[10:15] {dino} stop .59

[10:17] {Threei} Long Setup: AIG .60

[10:17] {Threei} if stays above .50

[10:17] {dino} pru hl l .75 stop .43

[10:18] {strider} in AIG .61

[10:18] {Threei} US) Commerce Secretary Locke: says patent office will give priority to granting "green" technology patents as quickly as possible

[10:18] {Threei} - policy aims at better competition with China and India

[10:19] {strider} stop WFC above .10?

[10:19] {Threei} yes

[10:19] {Threei} no worky WFC

[10:20] {Threei} AIG should spike now

[10:20] {Threei} AIG 1:1

[10:20] {nemo} 1/2 out .70

[10:20] {fernp} stopped WFC looked fine...

[10:21] {Threei} not all of them work... shrug and move on

[10:21] {magoo} vad, any play on ASIA?

[10:21] {nemo} jeez vad...

[10:21] {fernp} took my 1:1 on AIG ty Vad

[10:22] {Threei} tough read mags

[10:22] {Threei} maybe on deep pullback will be asier

[10:22] {larisa} lol

[10:22] {magoo} its avaoil short too

[10:22] {Threei} ok... easier :)

[10:22] {larisa} asier on ASIA is better :)

[10:23] {Threei} that was honest mistype, lol

[10:23] {Les} cat?

[10:23] {magoo} dog?

[10:24] {magoo} mouse?

[10:24] {magoo} rat/

[10:24] {Moose} moose?

[10:24] {magoo} goose?

[10:24] {Les} dino, hit him

[10:24] {Threei} AIG 1:2

[10:24] {Moose} mistake to goose a moose!

[10:25] {magoo} nice AIG boss

[10:25] {Threei} CAT... .80 break is ashort setup... but they don;t work today

[10:25] {magoo} read on FCX boss?

[10:25] {Threei} I am out AIG

[10:25] {Threei} too close to 1:3 to risk it

[10:26] {Threei} GCX not really

[10:26] {Threei} but CAT short is more and more tempting

[10:26] {magoo} how about fcx?

[10:26] {Threei} that was FCX

06[10:26] * Threei slaps magoo around a bit with a large volume of Threeish-English Dictionaru

[10:27] {magoo} try and tell BEAR that when buy wrong synbol lol

[10:27] {fernp} WMT .80 break, Vad?

[10:27] {Threei} wow... been a while since we played this one

[10:27] {Threei} setup is right

[10:27] {Threei} but don't count on it being fast

[10:28] {nemo} no...serious water torture

[10:28] {Les} :)

[10:28] {Threei} yeah... WMT used to be much faster

[10:29] {nemo} amzn might be double topping here

[10:30] {magoo} FCX obital

[10:30] {dino} scanners solid green

[10:30] {magoo} GCX too :)

[10:30] {Threei} actually, not bad speed for WMT

[10:30] {fernp} out +.10 WMT ty Vad

[10:30] {Threei} 1:1

[10:31] {Threei} NVDA stalled and flatlined

[10:32] {ese} l drys .28

[10:32] {dino} out mon .74, +.24

[10:32] {Threei} look at SANM fern

[10:32] {fernp} yes

[10:33] {dino} cagc

[10:35] {strider} holding 4 partial of AIG with stop @ .69

[10:35] {strider} 4th

[10:36] {ese} l fitb ..269

[10:37] {Threei} Market Internals update at 10:30amET

[10:37] {Threei} - NYSE volume 220M shares, about 19% below its three-month average; advancers lead decliners by 1.7:1.

[10:37] {Threei} - NASDAQ volume 485M shares, about 11% below its three-month average; advancers lead decliners by 1.4:1.

[10:37] {Threei} - VIX index +3.5% to just over 22.00

[10:37] {nemo} market up vix up, that's different

[10:38] {Threei} and dollar

[10:38] {nemo} I've got $ slightly down right now

[10:39] {BillyD} AKAM short idea if breaks .39 w.50 stop

[10:40] {dino} meli

[10:40] {Threei} I like it Billy

[10:40] {BillyD} actually, want some consolidation under .50

[10:41] {Les} CAT approaching bottom of range again

[10:41] {BillyD} the .53 spikes make me hesitate

[10:41] {Threei} watch those huge bids

[10:41] {Threei} .41 and .39

[10:41] {BillyD} ok

[10:42] {strider} sstopped balance AIG .72

[10:43] {Threei} very nice management of the play

[10:45] {strider} held a little back hoping for 31, but didn't get there.

[10:45] {dino} gj

[10:45] {Les} CAT closer to b/d vad. seems to be consolidating?

[10:45] {strider} thx

[10:46] {Threei} I am puzzled about it Les

[10:46] {Threei} chart is right

[10:46] {Threei} but none of these setups worked today

[10:46] {Les} It's gotta be "them"

[10:47] {Threei} breakdown are either get invalidated (9 out of 10) ot stopped out (remaining 1)

[10:48] {Threei} it feels like end of week action encouraged bears too much,

[10:48] {nemo} yeah, I almost got caught in a cat short earlier

[10:48] {fernp} invalidated AKAM Billy

[10:48] {Threei} so market has to shake up that confidence once again

[10:48] {BillyD} yes

[10:48] {Les} how rude

[10:51] {Threei} on the other hand, market loses morning enthusiasm

[10:51] {nemo} but...does that turn to market coma, or fear

[10:51] {Threei} good question

[10:52] {Threei} I wish I had worthy answer

[10:52] {nemo} me too...may be nap time

[10:52] {Threei} let's put it this way:

[10:52] {Threei} if market starts dropping sharply, CAT is one of the best candidates,

06[10:52] * nemo crawls in cave, closes door, pulls blanket over head, grabs teddy

[10:53] {Threei} and if it leaves us a window of opportunity for entry, great

[10:53] {nemo} should retest the .50 area if it rops

[10:53] {Les} I was thinking here at .80 vad

[10:53] {Threei} here comes trigger

[10:54] {strider} short at .71?

[10:54] {Threei} why .71? .75 break was a trigger

[10:54] {fernp} shorted at .74

[10:54] {fernp} stop is above .90?

[10:55] {Threei} right

[10:55] {fernp} thanks

[10:55] {strider} because .72 was lod....hadn't been following all the conversation.

[10:55] {Threei} .75 was lod

[10:55] {strider} in at. 74

[10:55] {Threei} .72 is new one formed after .75 gave up

[10:56] {Threei} OK market, let's drop

[10:56] {Les} ok, didn't realise that was a call. short at .74

[10:56] {nemo} you've got recent swing lows from Friday of .60 and .48

[10:56] {Threei} les, how do you tell a call from nor a call

[10:56] {Threei} we see chart, we discuss it

[10:56] {Les} big green/red square

[10:56] {Threei} shrug

[10:56] {Les} thats ok

[10:57] {Les} will adopt vads ways given time

[10:57] {Threei} that's for easy visual... not a gospel

[10:57] {strider} then he'll just change them.

[10:57] {Threei} don't take it as "if no bright color loud scream alert, no play"

[10:58] {Threei} lol strider

[10:58] {dino} lol

[10:59] {dino} melo hl l .01, stop .73

[11:00] {nemo} meli dino?

[11:00] {dino} yes, typo

[11:00] {nemo} vad's a bad influence

[11:00] {dino} indeed

[11:00] {dino} feeling double bottom just occurred on it nemo

[11:01] {nemo} looks good

[11:01] {dino} bth, interesting, waiting 29.30s

[11:01] {Threei} who, me bad influence??

[11:01] {Threei} me is the worst!

[11:02] {Threei} and btw... look who is talking

[11:02] {nemo} duh...I have expertise and experience in this area

[11:04] {ese} out fitb .32 +.06

[11:04] {BillyD} out CAT ty

[11:04] {dino} gj

[11:04] {dino} nemo,i missed exit .25

[11:04] {Threei} nice and easy

[11:04] {Les} out .71 and done. nice to touch a workable trade today

[11:04] {fernp} ty

[11:05] {Threei} played out exactly as we decided to try it:

[11:05] {dino} no touchy touchy les

[11:05] {Threei} market sharp move down, little delay by CAT

[11:05] {strider} out 1/2

[11:05] {Threei} window for entry

[11:05] {Threei} .71 Les??

[11:05] {Les} .61 my bad

[11:05] {Threei} whew

[11:06] {Threei} scared the bejeezus out of me

[11:06] {dino} out meli, .30 +.29

[11:06] {Les} sorry. Nemo's remarks were useful

[11:06] {Threei} I thought "okay, if les continues trading for 3 cents profits, I'll have to unholster that .44 mahnum"

[11:06] {Les} rofl

[11:07] {Threei} and I firmly pklanned on not murdering anyone today

[11:07] {fernp} just one mistaken: I've covered CAT pressing SELL buttom...

[11:07] {dino} how soon les forgets dino

[11:07] {Threei} wow fern

[11:07] {strider} good for you , Raskalnikov.

[11:07] {Les} ? dino?

[11:07] {Threei} lol...

[11:08] {Threei} fern, ended well?

[11:08] {strider} It's nice to take a day off once in awhile.

[11:08] {fernp} yes, yes

[11:09] {strider} Vad, if you've got .15 for 1:1, do you wait for .30 for second partial?

[11:09] {magoo} sqnm

[11:09] {Threei} as a rule, yes

[11:10] {BillyD} Vad, watching if AKAM sets up again

[11:10] {patience} .

[11:11] {Threei} very uch so Billy

[11:11] {Threei} those huge bids are very interesting

[11:11] {Les} scam bids?

[11:11] {Threei} nope

[11:11] {BillyD} you shouldn't fake out the mkt Vad

[11:11] {Threei} some selling into first of them went through, and they did take it

[11:11] {BillyD} hehe

[11:11] {magoo} FCX going over 80 imo

[11:13] {Threei} market slowed down considerably

[11:13] {Threei} latest catch:

[11:13] {Threei} http://www.realitytrader.com/photography/

[11:14] {Threei} ese/patience area

[11:14] {BillyD} nice Mt. Baker shot

[11:14] {Threei} ty

[11:15] {Threei} I've got quite a few of those

[11:15] {patience} you didn't include my roses that are blooming :)

[11:15] {Threei} gotta do a separate post on that mountain alone

[11:15] {Threei} just not in a flowrish mood :)

[11:15] {Threei} flowersih

[11:15] {Les} ooh that is nice, the mountain

[11:16] {fernp} the last one is very beautiful

[11:16] {Threei} ty

[11:16] {Les} you could be in switzerland with such a photo

[11:16] {Threei} technically first one was the most difficult

[11:16] {Les} looking at such a photo

[11:16] {Threei} shot right into the sun

[11:16] {ese} beautiful pictures of cattle point vad

[11:16] {Threei} ty

[11:17] {ese} and you didn't stop in for coffee

[11:17] {Threei} sorry... next time :)

[11:17] {ese} ohhhhh patience.......someone needs a talking tooooooooo!

[11:17] {Threei} there were 4 girls taking group photos in light dresses... amazing view for the December

[11:18] {dino} indeed

[11:18] {ese} ahhhhhhhhhhhh hhaaaaaaaaaaaaa!!!!!!!!!!

[11:18] {Threei} AKAM forms that .50 resistance

[11:19] {ese} well indeed everyone...........thats is indeed my end of town here in victoria

[11:20] {Threei} invalidated again

[11:20] {BillyD} 75K block Vad

[11:20] {Threei} yeah

[11:20] {BillyD} maybe that buyer be gone and might fall

[11:20] {BillyD} who knows

[11:21] {ese} mt. Baker was stunningly clear on the weekend.......

[11:21] {strider} YOu all need some more air pollution, ese.

[11:21] {strider} protects the eyes from all that clarity.

[11:22] {fernp} lol

[11:22] {Threei} I like your thinking

[11:22] {Threei} this mountain is about 100 km from us

[11:23] {Threei} amazing for tele lens can do ej

[11:23] {ese} the physics guy at my school explained it to me.... a little warmth on the ocean creates a convex type camera lens with the moisture rising......magnifies the other side quite significantly

[11:23] {nemo} that's same reason moon looks so big when it's low in the sky: looking through more atmosphere than when it's high in the sky

[11:23] {strider} cmon CAT.

[11:23] {Threei} who is partialling CAT?

[11:24] {strider} me

[11:24] {ese} definitely nemo

[11:24] {strider} offer at .51

[11:24] {Threei} bid

[11:24] {strider} sorry, bid.:)

[11:25] {Threei} watch your terminology... that's exactly why some hit sell instead of buy when cover (Threei is squinting at fern)

[11:26] {fernp} if we play AKAM short, stop should be above .60, all other levels seem a bit feeble

[11:26] {strider} I keep a little text box over each L2, so I can type my position in. Helps keep me straight.

[11:27] {strider} lightening up at .56

[11:27] {strider} looks like it might be a bottom.

[11:28] {Threei} traail to above .60

[11:28] {Threei} protect yourself from reversal

[11:29] {Les} FCX

[11:30] {Threei} out strider?

[11:30] {strider} no

[11:30] {strider} still 1/4

[11:30] {Threei} okay

[11:30] {ese} L fitb .3192 sheesh wha da ya say we call it .32 ehhhhhh live a ltttle dangerously

[11:30] {Threei} stop to above .60

[11:31] {strider} k

[11:32] {strider} out .49

[11:32] {strider} thanks vad

[11:33] {Threei} :)

[11:37] {nemo} aapl volume huge today

[11:40] {fernp} WFC on lows

[11:41] {BillyD} WFC hasn't been nice to me lately so I took it off my screen

[11:42] {nemo} smart stock

[11:43] {fernp} That happen to me with HIG, Billy

[11:44] {nemo} lunchtime on a coma day...oy

[11:45] {ese} out fitb .36 +.04

[11:48] {dino} fgxi

[11:48] {Threei} {GXI} what did I ever do to you dino?

[11:48] {dino} lol

[11:49] {strider} from Dec. 3rd: : FGX International initiated with an Overweight at Stephens

[11:49] {strider} Target $20.

[11:49] {strider} Maybe my chart's upside down.

[11:51] {Threei} NQ less than 10 poins range

[11:52] {Threei} are we good or what

[11:52] {strider} Financial statements out today for FGXI

[11:52] {Threei} well... except sense of humor

[11:52] {strider} no. wrong.

[11:52] {dino} could be strike pay on it

[11:52] {Les} strider they frame works of art and demand ridiculous sums of money for charts like FXG http://up.widget.mibbit.com/up/4dp21Gzn.gif

[11:52] {Threei} still can't believe no one fiound GXI joke funny

[11:52] {strider} forget it.

[11:52] {strider} hahahaha...

[11:53] {Threei} yeah right

[11:53] {strider} just because vad said it.

[11:53] {dino} mon hl .25 l

[11:53] {Threei} mercy laugh

[11:53] {Threei} I don't aceept even mercy ... mm, never mind

[11:53] {strider} CAT looks like a dino long here.

[11:53] {fernp} OSIP if returns to live and break 35 could be interesting

[11:54] {dino} sure w/stop at lod

[11:55] {strider} you know what vad said when he walked into a bar?

[11:56] {magoo} wheres magoo?

[11:56] {strider} exactly.

[11:56] {strider} stole my thunder.

[11:57] {Threei} hmmm... my usual icebreaker in the bar is "shot of cogjnac and salted cucumber please"...

[11:57] {BillyD} you get a funny look?

[11:57] {Threei} if I go all fancy, it's champaign and pickled cucumber

[11:58] {Threei} no, I get a cgnjack and cucumber

[11:58] {BillyD} I see your mood

[11:59] {Threei} then magoo comes with beer and Alaska king crab legs, and ruins harmony

[12:01] {Threei} he would probably be better convive if not for the habit of shooting in the window every time deer walks by

[12:01] {Threei} I go deaf at the end iof the day... and broke paying for all the broken glass

[12:02] {strider} I would have thought magoo hunts the same way he trades: just jump on their back and ride them till they drop dead.

[12:03] {nemo} are you talking about hunting or his affinity for sheep?

[12:03] {strider} I ain't going there.

[12:03] {Threei} ouch

[12:03] {Threei} lol but ouch

[12:04] {Threei} but lol

[12:04] {Threei} OSIP got smacked good

[12:05] {fernp} yeah

[12:07] {dino} lol nemo

[12:07] {nemo} :)

[12:08] {Threei} sheesh dino... you really need to do something about that dial-up connection

[12:09] {larisa} may be he is just too focused trading, we need to fix that bad habit :)

[12:09] {dino} lol

[12:09] {dino} larisa is correct

[12:09] {dino} trying to figure out fgxi entry

06[12:10] * magoo slaps nemo around a bit with a large trout

06[12:10] * magoo slaps nemo around a bit with a large trout

06[12:10] * magoo slaps nemo around a bit with a large trout

06[12:10] * nemo slaps magoo around a bit with a large sheep

06[12:10] * nemo slaps magoo around a bit with a large sheep

06[12:11] * nemo slaps magoo around a bit with a large sheep

[12:11] {strider} help! I can't breathe in here.

[12:11] {Les} yeh time out for me. back later

[12:12] {strider} You might wanta edit this one, vad.

[12:12] {ilana} great, they've got lots of new stuff

[12:12] {ilana} grilled scalop

[12:13] {Threei} who?

[12:13] {strider} I gots to run. Maybe be back before the close.

[12:13] {ilana} ooops wrong window

[12:13] {fernp} back in an hour, I have to go to airport. Please, don't make any winner call in my absence :-)

[12:14] {Threei} hey, if you all left, what am I doing here?

[12:14] {nemo} well, you coul always fade the loser call and win fern

[12:14] {strider} not my problem. :)

[12:15] {Threei} ok, hurry up everyone... now that les, fern and strider left, let's make money quickly

[12:17] {fernp} grrrrrr

[12:17] {Threei} no such symbol

[12:18] {strider} short 5k grrrrrr

[12:19] {strider} I'm trusting you on this one, vad.

[12:19] {strider} I'll leave it open till I get back.

[12:23] {magoo} dammit AIG

[12:24] {nemo} that was out of the blue

[12:25] {magoo} its diferent today vad..has some momo

[12:25] {Threei} ALTH

[12:25] {Threei} Allos Therapeutics Inc Citi defending ALTH; Reitierates Buy rating, price target $15 (timing uncertain)

[12:25] {Threei} - Firm believes the current valuation does not fully reflect the commercial potential of FOLOTYN or any of its future potential indications. Data from the Phase 2b study of FOLOTYN in NSCLC is expected in 1H 2010.

[12:25] {Threei} hmmm

[12:25] {Threei} $6 stock, target 15, and no even uptick?

[12:26] {magoo} unless its the greatest entry ever

[12:26] {Threei} on another hand,

[12:26] {Threei} ALTH UPDATE: Wells Fargo Cuts ALTH to Market Perform from Outperform, price target: $6-7

[12:26] {Threei} - pre-open

[12:26] {Threei} shrug

[12:26] {Threei} I'll wait until they duke it out with each other'

[12:27] {Threei} althoug if pressed, I'll pick WFC

[12:27] {Threei} their stock is more expensive so they ought to know better, right?

[12:27] {nemo} qqqs treading support

[12:28] {Threei} CNBC notes the Supreme Court hearing a case today that could lead to modifications to Sarbanes Oxley legislation

[12:28] {Threei} what's that?

[12:28] {nemo} qqqq

[12:28] {BillyD} AKAM took one of the big bids

[12:28] {Threei} .41 is still there

[12:29] {Threei} was it .39 one that moved higher?

[12:29] {BillyD} yes, I think so

[12:29] {BillyD} it was around same size as .41

[12:33] {Threei} looks more and more tempting

[12:33] {BillyD} yes

[12:33] {Threei} and continues pewcking at that low so stubbornly

[12:33] {Threei} pecking

[12:34] {BillyD} our bidder left

[12:34] {Les} fcx consolidating?

[12:34] {BillyD} momentarily I bet

[12:34] {nemo} looks up les, but it's lunch

[12:35] {nemo} whoa huge volume on fcx

[12:36] {magoo} nice spot guys

[12:36] {nemo} .65 .70 area should stop

[12:36] {Les} wow wasn't expecting that. a bounce before the reversal?

[12:37] {magoo} WOW

[12:37] {magoo} AIG trying too

[12:38] {Threei} Fed's Bernanke: There is some way to go before we can be sure the US economic recovery is self sustaining

[12:38] {Threei} - Sees modest growth in 2010, enough to lower unemployment rate.

[12:38] {Threei} - Household spending is unlikely to grow rapidly

[12:38] {Threei} - US economy still facing "significant headwinds," headwinds for growth in clude tight credit and the weak job market.

[12:38] {Threei} - Inflation may decrease further from current level. Long-term inflation appears stable.

[12:38] {Threei} - Raising interest rates on reserves held at the Fed will be an important tool for tightening policy.

[12:38] {Threei} - Fed funds rate can rise even with a large Fed balance sheet

[12:38] {Threei} - Regional Fed structure gave policymakers perspective on main street during crisis.

[12:39] {Threei} looks like market wanted to hear anything but "we start tightening rates now"

[12:39] {Threei} I doubt however this will ignite sustainable rally

[12:42] {dino} fgxi hl l ave .85 ave

[12:43] {dino} need appt to buy it

[12:44] {BillyD} FCX if takes 80 and holds .80 area maybe

[12:44] {nemo} careful looking short

[12:45] {BillyD} thx

[12:46] {magoo} long before short imo

[12:47] {magoo} should xplode thru 80

[12:47] {magoo} c'mon...sigh

[12:50] {magoo} .08 not xplosion....38 oolio

[12:50] {nemo} cat

[12:52] {magoo} thats an xplosion

[12:52] {Threei} nice find guys

[12:52] {dino} out mon .60, +.35

[12:53] {Les} we getting close to double top on fcx now?

[12:53] {larisa} price is advancing on falling indicators FCX, would not stay in long for too long :)

[12:54] {dino} out fgx .11 ave, +.26

[12:55] {magoo} should go .40 area

[12:56] {nemo} rmaybe even .60

[12:56] {Les} we talking fcx still?

[12:56] {magoo} ya ya

[13:03] {magoo} waiting .43

[13:03] {magoo} from .69

[13:05] {nemo} I'd cover mags

[13:05] {nemo} or at least partial

[13:06] {magoo} out

[13:10] {nemo} shrot fcx .05 stop .15

[13:12] {Les} short. .12

[13:13] {Les} out .01

[13:13] {Les} back to dinner

[13:13] {Threei} lol

[13:14] {Threei} what kind of trading is that... spoilinh digestion

[13:15] {dino} pru hl l .25

[13:15] {dino} stop .98

[13:15] {nemo} stopped fcx.

[13:16] {Threei} anyone needs to know Hungary budget balance?

[13:17] {Threei} whatever... some day you will need it, and I won't be around

[13:17] {larisa} ok, tell us

[13:17] {Threei} suuuure... now you want to know

[13:18] {Threei} US) EPA formally declares greenhouse gases a danger to public health and welfare, allowing agency to regulate Co2 emissions

[13:19] {nemo} $ fallling

[13:19] {nemo} falling

[13:20] {Threei} Ben said "extended period of lower rates"

[13:20] {Threei} so...

[13:20] {larisa} in the future or he is counting the past?

[13:21] {Threei} no, in the future

[13:21] {Threei} so USD reacts accordingly

[13:21] {Threei} Just 15% Favor Higher Gas Tax To Fund More Transportation Projects

[13:21] {ese} gotta go....still long drys .275.....up a cent and a 1/2 now we'll see take care

[13:22] {Threei} how soon "new tax" will cause strong vomiting in 100%

[13:22] {Threei} take care ese

[13:24] {Threei} Long Setup: GLD .90

[13:24] {nemo} cya

[13:25] {Threei} 20 cents spike right on break

[13:25] {fernp} im back

[13:28] {Threei} take profit who went for secondary entry

[13:28] {Threei} 30 cents on second chance

[13:29] {Threei} not interested in third time

[13:29] {Les} in and out .14 - .22. someone took my offer without waiting. back to dinner

[13:30] {Threei} what kind of dinner is that

[13:30] {Threei} frozen pizza without heating it up or what

[13:31] {Moose} don't eat the yellow snow where the eskimos go

[13:31] {nemo} huskies moose

[13:31] {Moose} and moose

[13:31] {nemo} and badgers

[13:31] {nemo} Frank's rolling in his grave

[13:32] {Threei} and chukcha

[13:33] {Moose} nemo... it just dawned on me what you said... lol

[13:34] {Moose} Frank Zappa

[13:34] {nemo} hehehehe

[13:34] {Moose} :P

[13:34] {Threei} too deep cultural reference.. lost on me

[13:34] {Moose} Frank Zappa sang that song

[13:34] {nemo} well, it's not Tolstoy

[13:34] {nemo} or Anatole

[13:34] {nemo} hehehehe

06[13:35] * Threei slaps nemo around a bit with a large volume of Kurt Vonnegut

[13:35] {nemo} "Watch out where the huskies go, don't you eat that yellow snow!"

[13:36] {fernp} WFC short here, Vad?

[13:37] {Threei} ugh

[13:37] {Threei} yes

[13:37] {Threei} but I don't know :)

[13:37] {Threei} I mean, chart is beautiful

[13:37] {Les} for what. 2 cent movement?

[13:37] {Threei} and out of all such charts, only one worked today

[13:37] {Les} dinner finished. and I'll have you know I am the cook.

[13:38] {Threei} that's multitasking

[13:38] {fernp} five cents stop, no?

[13:38] {nemo} Next he'll tell us he's the maid and where's a little french outfit

[13:38] {Les} where's what?

[13:38] {fernp} i'll take it if breaks

[13:38] {Threei} 5 or 10

[13:39] {Threei} my eyes

[13:39] {Threei} nemo, why would you go and give me that retina-burning visual

[13:39] {nemo} Hey, we enjoy each other's suffering here

[13:40] {Threei} I need some very strong distraction

[13:40] {Threei} Tom Waits, urgent

[13:40] {nemo} fcx short? then

[13:40] {Threei} And so a secret kiss

[13:40] {Threei} Brings madness with the bliss

[13:40] {Threei} And I will think of this

[13:40] {Threei} When I'm dead in my grave

[13:40] {nemo} pullback to .40 maybe

[13:40] {Threei} no

[13:40] {nemo} when you're dead in your grave, you won't be thinking of anything

[13:40] {Threei} FCX tends to reverse off these formations rather than break down

[13:41] {nemo} frickin fcx and I was watching pru, that decided to break

[13:41] {Threei} you are mistaken... I plan to finally start thinking then

[13:41] {Les} fcx bouncing nicely of support on the daily

[13:41] {Les} I'd like to go long

[13:41] {Les} if the price is right

[13:43] {fernp} BBY, Vad?

[13:44] {Threei} could be

[13:44] {magoo} ASIA plling bk

[13:45] {Threei} 5 cets stop, why not

[13:45] {fernp} 5 or 10?

[13:45] {Threei} 5

[13:50] {fernp} WFC trying to break

[13:53] {Les} nemo, speculating that fcx may be ready to return to support levels below 80 that you posted

[13:54] {nemo} you've got alot going on between here and ..65-70

[13:54] {nemo} that 80.60 level it peaked at I had as support/resistance

[13:54] {Threei} US Pres Obama: Some TARP capital may be allocated towards deficit reductions; a job plan

[13:54] {Threei} - Note: House Speaker Pelosi commented last week that TARP capital would be put towards job plan

[13:54] {Les} hmm looking for setup

[13:55] {nemo} How can tarp capital go for deficit reduction...it's fricking borrowed anyway

[13:55] {fernp} out WFC +.06

[13:55] {Les} Hey, "the one" can do anything he wants

[13:56] {Threei} wtg fern

[13:56] {Threei} from now on thbis is going to be my trading song:

[13:56] {Threei} http://www.youtube.com/watch?v=ewvkauIMmbQ

[13:56] {Les} nemo, fcx dropping fast

[13:57] {nemo} .88 yesterday's close

[13:57] {nemo} .87

[13:58] {fernp} I prefer your pics

[13:58] {larisa} lol

[13:58] {Les} yeh tom waits is special

[13:58] {BillyD} Vad, I have nothing that I can adequately describe that song

[13:58] {Threei} lol

[13:58] {fernp} lol

[13:58] {dino} pru stopped -.27

[13:59] {larisa} dont be late, be on time. it can be traders song though :)

[13:59] {Les} yeh missus introduced me to waits but this is something else

[14:03] {nemo} see, fcx bounce off yesterday's close

[14:03] {Les} yeh. is it always like that?

[14:03] {Threei} here is another one for you, Billy, not a joke this time

[14:03] {Threei} http://www.youtube.com/watch?v=K_10TqowM9c

[14:04] {nemo} no, but it was a high probability support area

[14:04] {BillyD} tranquil

[14:05] {Les} this one by waits is a real rasper:http://www.youtube.com/watch?v=7IxrskrY9gs&feature=player_embedded#

[14:05] {BillyD} I keep looking around the corner for Humphrey Bogaert

[14:06] {Les} i'm actually warming to this guy

[14:06] {Threei} Waits?

[14:06] {Threei} he is incredible

[14:07] {Les} I know him best from shrek 2

06[14:07] * nemo slaps Les around a bit with a large trout

[14:07] {Les} http://www.youtube.com/watch?v=T9TrTq_Ba_w

[14:07] {nemo} What is this, a trading room or MTV?

[14:08] {BillyD} it's Tom Waits hour nemo

[14:08] {Threei} depends on trading range

[14:08] {Les} gimme a trade coin dexter

[14:08] {nemo} so, do the Qs bounce here, or dive darth

[14:09] {Les} I don't look at q's very often. should I be keeping eye on SPY or QQQQ during trading?

[14:09] {nemo} both

[14:12] {Threei} QQQQ for nasdaq stocks, spy or DJI for Dow stocks

[14:12] {nemo} fas or iyf for financials

[14:12] {Les} ok. I don't switch market charts to track the appropriate stock

[14:12] {Les} my bad

[14:12] {Threei} OK, last one, I promise... but Billy, you'll like it

[14:12] {Threei} http://www.youtube.com/watch?v=HB0EYZooakU

[14:13] {ilana} reminds of Leonardo Cohen style a bit

[14:14] {fernp} I prefer these guys http://www.youtube.com/watch?v=1vpsy8PPqFc

[14:17] {Threei} BBY tries to reestablish

[14:17] {fernp} .05 break?

[14:17] {Threei} tes

[14:17] {Threei} yes

[14:18] {BillyD} taht song will hurt traders vad

[14:18] {BillyD} trying to know

[14:19] {Threei} :)

[14:19] {Les} just saw importance of histogram on my one click trading tool nemo

[14:19] {Les} looking to short fcx at top of range

[14:19] {Les} hit .12, big histogram bar, and promptly reversed.

[14:19] {Les} will use that more often for these tighter ranges

[14:21] {fernp} if breaks BBY, your stop is under 44 or 43.95? bounced off .95 a couple of times

[14:21] {Threei} really want it to hold 44 firmly finally

[14:21] {Threei} se we could use it

[14:24] {fernp} QQQQ looks short here .... QID long?

[14:26] {Threei} don't want to chase...

[14:26] {Threei} let's see if we get snapback

[14:32] {BillyD} hard to get in this move

[14:33] {BillyD} CAT b/dn if continuation

[14:34] {Threei} here is QID pullback, let's see if it gives us something close to .70

[14:38] {Threei} not much of a pullback eh

[14:38] {BillyD} nvda OFF 16?

[14:38] {dino} watching fgxi, mon, pru, trgt, meli

[14:40] {nemo} fcx at important support

[14:41] {Threei} NVDA is almost immobile

[14:41] {Threei} 79 nemo?

[14:41] {dino} bth too

[14:41] {nemo} yes

[14:41] {Threei} looks lovely

[14:41] {nemo} could bounce nice or be short

[14:42] {nemo} lovely?

[14:42] {nemo} ewwwwwwww

[14:42] {Threei} let's just see if it gives us close range

[14:42] {nemo} volume increasng a bit, might be a long

[14:44] {nemo} rimm .07 risk either way

[14:45] {Threei} if you went for aggressive FCX short, you are golden; if for regular, not too shabby either

[14:48] {Threei} one more leg down comes it looks like

[14:50] {Threei} .75 short FCX

[14:50] {Threei} if holding under .85 - .90

[14:51] {Threei} dies FCX

[14:51] {Threei} -s

[14:51] {fernp} please dies

[14:51] {fernp} -s

[14:52] {larisa} lol

[14:52] {Threei} no, don't bounce

[14:52] {Threei} just die

[14:52] {BillyD} you guys enter already?

[14:52] {BillyD} .75

[14:52] {nemo} you on dial up billy?

[14:53] {Threei} I did

[14:53] {BillyD} the .75 call?

[14:53] {larisa} 79 break they did short

[14:53] {Threei} but I have nice cushion on FCX, took aggressive short from 79.14 to 78.82

[14:54] {nemo} out75

[14:54] {Threei} ok, this second one is not the best idea

[14:54] {Threei} getting a bit nervous

[14:55] {Threei} and I like them to die calmly

[14:55] {nemo} it's market bounce time, dude

[14:55] {Threei} no way

[14:55] {Threei} this aggression will not stand

[14:55] {larisa} i missed .75 call, sorry Billy for confusion. vad makes too many "running" comments for my one line brain :)

[14:56] {nemo} trade what you see, not what you want to believe.

[14:56] {fernp} no go

[14:56] {Threei} no

[14:57] {Threei} what, no comments on "this aggression will not stand" reference? right after "dude"?

[14:57] {nemo} thanks George

[14:57] {Les} ok will call it quits on that. much better day for me. less trading. disciplined use of stops. happy with this. night all.

[14:58] {Threei} take care Les

[14:58] {fernp} bye ese

[14:58] {dino} pru hl l .25

[14:58] {fernp} les

[14:58] {nemo} aig, feels like go

[14:59] {dino} gn les

[15:00] {Threei} Oct Consumer Credit -$3.5B v -$9.4Be

[15:01] {Threei} wow

[15:01] {Threei} White House Press Secretary: Obama stands by re-nomination of Bernanke for Fed Chairman

[15:01] {Threei} wny not... he does such a splendid job

[15:03] {Threei} (RU) Hearing JP Morgan downgrading Russia to Neutral (timing uncertain)

[15:03] {Threei} Cites potential for correction in energy and commodity markets.

[15:03] {Threei} - Note: Investors are overweight on Russian and Brazilian equities. The risk is a sharp reversal in this consensus trade.

[15:08] {magoo} read RIMM vad?

[15:09] {Threei} rather up...

[15:09] {ilana} HGSI

[15:09] {Threei} in that it's likely to follow thr market up, and less likely to follow it down

[15:10] {Threei} HGSI is interesting

[15:10] {Threei} if market helps

[15:10] {Threei} this .40 break looks tempting

[15:13] {dino} trgt hl l break of .00

[15:13] {nemo} ahhh...rorschach chart

[15:21] {dino} lol, rev shark, real$ "interesting that obama states how well our tarp plan has worked, when it was instituted prior to his taking office. i guess if it didn't work well, it would be george bush's plan

[15:22] {Threei} and it's still a big question about how it worked

[15:22] {Threei} but let's move on to the next "solution looking for a problem":

[15:22] {Threei} are we going to cut the trees now?

[15:22] {dino} ironically, the mortgages are all still on fre, fnm books

[15:23] {Threei} 'cause CO2 is a harmful substance starting today

[15:23] {dino} no 3i, we are going to sue you for exhaling

[15:23] {Threei} that's OK, my lawyer will argue that jury and judge breatje too

[15:23] {Threei} but trees, what about them?

[15:24] {Threei} remember protester who brough a potted tree to Reagan, with sign "cut me before I kill again"?

[15:24] {dino} trees eat co2

[15:24] {Threei} only in the day

[15:24] {Threei} in the night they do the opposite

[15:24] {Moose} that fickle

[15:24] {Moose} s

[15:25] {dino} hmmm, never knew that

[15:25] {Threei} it's actually very complicated process

[15:26] {Threei} non linear

[15:26] {Threei} depending on time of the day, tree age, annual seasion

[15:26] {dino} hate to see what would happen to met if it lowered 2010 guidance

[15:26] {Threei} kind, location

[15:26] {fernp} all breakdown are working on WFC except the one that we played this morning lol

[15:26] {Threei} simple claim that they create oxygen and eliminate C)2 is far from truth

[15:27] {Threei} didn't we took another pne later one?

[15:27] {fernp} me yes

[15:28] {fernp} and i've played this .35 break

[15:28] {dino} cfsg

[15:28] {Threei} actually fern

[15:28] {Threei} this is important observation

[15:29] {Threei} for quite a while we tried to get most of our plays in the morning

[15:29] {Threei} and seond part of the day was usually fruitless

[15:29] {Threei} it seems to be changing

[15:29] {fernp} i know

[15:29] {Threei} not a first day today as we get nice steady selloff closer to ed

[15:29] {fernp} lately we are ending sessions with selloff

[15:29] {Threei} and while morning has a bit too much volatility

[15:30] {Threei} this selling starts looking like useable pattern

[15:32] {dino} not yet 3i

[15:32] {Threei} "In general, trees take in carbon dioxide and give off oxygen. Trees and other plants are this planet's main source of oxygen. trees at night give off carbon dioxide. Besides oxygen, carbon dioxide is about all a tree can give off in any great quantity.

[15:32] {Threei} http://wiki.answers.com/Q/Do_trees_give_off_Carbon_Dioxide

[15:32] {dino} and leaves, lol

[15:33] {Threei} During the daylight hours, plants produce oxygen. At night, they consume oxygen and release carbon dioxide.

[15:33] {Threei} there

[15:33] {Threei} let's cut them all

[15:33] {Threei} they are murderers

[15:33] {dino} out pru .49, +.24

[15:33] {Threei} leaves, dino... those release CO2 when decompose

[15:33] {Raven} {--------- cut and split 2 cords of firewood this summer

[15:34] {Threei} good job saving the planet Raven

[15:34] {Raven} thx

[15:34] {dino} i switched to natural gas, tired of the firewood work

[15:34] {Raven} I have nat gas

[15:34] {Threei} no one comments on that

[15:35] {Raven} super efficient wood burner heats whole house

[15:35] {Threei} this is fair warning

[15:35] {BillyD} lol

[15:35] {Raven} and splitting is good exercise ... except for my black right toenail

[15:36] {nemo} steel toe shoes

[15:36] {Raven} I have them now :)

[15:36] {fernp} Goog evening everybody. see you all tomorrow

[15:36] {BillyD} same here everyone

[15:37] {dino} cya

[15:38] {Threei} take care fern

[15:42] {Threei} C

[15:42] {Threei} Citigroup Inc Reportedly Citi and US govt are deadlocked on how much capital the bank needs to raise - unconfirmed report

[15:42] {Threei} - Negotiations between Citi and the US govt may last through next month or even Q2.

[15:42] {Threei} ***Reminder: On 12/6 the FT reported that Citi was trying to convince US officials to allow it to repay $20B of its TARP funds

[15:43] {Threei} this reads like something surreal

[15:44] {dino} hl l trgt .00, stop lod

[15:53] {strider} OK. I'm back. Let's trade.

[15:53] {strider} got 6 minutes.

[15:53] {Threei} ok

[15:53] {Threei} Long Setup: SOMETHING

[15:53] {magoo} in

[15:53] {nemo} mags is in

[15:54] {Threei} did it trigger?

[15:54] {strider} must be a bulletin board stock.

[15:54] {nemo} chinese company

[15:54] {nemo} sum ting

[15:54] {magoo} roflol

[15:54] {strider} I'm fading magoo.

[15:55] {Threei} which reminds me the name of Bahamian store selling condoms: Protect Ya Tings

[15:55] {strider} Now see what you did.

[15:55] {strider} Made ilana leave.

[15:55] {Threei} I have this effect on women

[15:55] {strider} ha

[15:55] {dino} trgt to b/e

[15:56] {dino} amzn drop

[15:56] {Threei} many years of pratcice allowed larisa to work out some tolerance

[15:57] {strider} Well vad, I think everyone has learned to tolerate you.

[15:57] {Threei} no, not everyone

[15:57] {Threei} many say"nah, life is too short"

[15:58] {strider} My wife told me the other day that I had found my perfect social situation.

[15:58] {strider} This room.

[15:58] {dino} lol

[15:58] {Threei} FMCN earnings after the bell

[15:58] {dino} out trgt .02, +.02

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {larisa} see you :)

[16:00] {nemo} gnite

[16:00] {Threei} see you tomorrow

[16:00] {strider} adios.

[16:00] {Moose} adios amigos

[16:00] {dino} gn all

[16:00] {Threei} THLD Announces Preclinical Multiple Myeloma Data (1.70, -0.11, -6.08%)

[16:04] {nemo} guess earnings weren't too good

[16:04] {magoo} which?

[16:04] {Threei} just three trades

[16:05] {Threei} and I still don't have numbers

[16:05] {Threei} FMCN mags

[16:05] {magoo} ok

[16:07] {magoo} buck fitty spread on it

[16:07] {Threei} yeah, no bids to hit

[16:07] {Threei} OK, whatever