Thursday, December 10, 2009

Dec 10 2009

One of those days when you don't know why you bothered to wake up - empty and listless.

Session Time: Thu Dec 10 00:00:00 2009

[08:14] {Threei} US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET
[08:14] {Threei} - Expectations for initial claims are 455K v prior release of 457K (range seen from 380K to 490K)
[08:14] {Threei} - Continuing claims seen at 5.450M v prior 5.465M (range seen from 5.300M to 5.500M)
[08:14] {Threei} US) Preview:Oct Trade Balance due out at 8:30amET (13:30 GMT)
[08:14] {Threei} **consensus expectation: -$36.8Be v -$36.5B prior (range of analyst estimates seen from -$41.3B to -$32.0B)
[08:14] {Threei} ***Note: The 18+% m/m widening in Sept in the deficit grew at the fastest pace since early 1999.
[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 474K V 455KE
[08:30] {Threei} CONTINUING CLAIMS: 5.157M V 5.450ME
[08:30] {Threei} US) OCT TRADE BALANCE: -$32.9B V -$36.8BE
[08:32] {nemo} market shook that off
[08:32] {Threei} trade balance is better... jobs are worse...
[08:37] {fernp} Good morning everybody
[08:37] {Threei} fern :)
[08:37] {nemo} Hola fern...ty for the vocabulary lesson
[08:38] {nemo} oh...Vad....funny edits on the log last night
[08:39] {nemo} Who'da thunk you would have to edit Raven
[08:39] {Les} not cool. didn't even get to read what Raven said.
[08:40] {Les} GM :)
[08:40] {Threei} :)
[08:40] {Threei} Les :)
[08:40] {nemo} he made some freudian slip that utilized a derogatory reference to women in the oldest profession
[08:44] {nemo} fcx holding strong even in index retracement
[08:45] {Les} happy day today? futures up, FCX/CAT/WFC up... GOLD down, $ consolidating. curious to see how we open
[08:49] {Threei} MAGS Selling European subsidiary
[08:49] {Threei} - Has sold its European subsidiary which it acquired in September 2007.
[08:49] {nemo} and he said he was out plowing
[08:50] {Threei} when in fact he was just drinking away proceeds of subsidiary sale
[08:50] {Threei} les was suspiciously absent at the same time too
[08:50] {Threei} so maybe he was a buyer
[08:57] {fernp} de nada nemo, was a pleasure :-)
[09:00] {ese} morning
[09:00] {nemo} dude
[09:00] {Threei} ese :)
[09:00] {fernp} ese
[09:00] {ese} vad dude fern
[09:00] {strider} morning everyone.......
[09:01] {fernp} strider
06[09:01] * nemo slaps strider around a bit with a large trout
[09:01] {Threei} strider :)
[09:01] {ese} st
[09:01] {strider} Vad, where do you find these people (nemo)?
[09:02] {nemo} the gutter
[09:02] {Threei} I seem to be a maget for dubious characters
[09:02] {Les} Hey Vad just finished watching Star Trek...
[09:02] {Threei} hmm?
[09:02] {nemo} I had just been released from Folsom for a triple murder, judge decided I was insane at the time so couldn't be convicted
[09:02] {Les} Tchekov, the young ensign shouts something in Russian when he manages to pull Kirk and Spock on board
[09:02] {Threei} did I recommend it?? :)
[09:02] {strider} At least not Dubai-ous characters.
[09:02] {Threei} oh
[09:03] {Les} oy voy?
[09:03] {Les} or something like that?
[09:03] {Threei} no idea, I never saw it
[09:03] {Les} really? cool film
[09:03] {strider} Failed bar mitzvah, Les?
[09:03] {nemo} yes...they did a good job with it
[09:03] {Les} up there with new Batman franchise
[09:04] {nemo} look at pattern rimm forming this morning
[09:04] {Les} how? you have chart showing pre market?
[09:04] {Les} or just monitoring prices?
[09:05] {Threei} chart starting from 8 am
[09:05] {Les} Laser?
[09:05] {Threei} yeah
[09:05] {nemo} yes, and on IB it should start even earlier
[09:06] {Les} foun it
[09:06] {Les} found
[09:07] {ese} cien beats q and rev's
[09:07] {strider} STLD drop
[09:08] {ese} and dn .45
[09:08] {Threei} 30% Say World Headed for Catastrophe If UN Fails To Act on Global Warming
[09:08] {nemo} maybe humanity is but the world will be fine
[09:08] {Threei} and
[09:08] {Threei} 30% Say U.S. Heading In Right Direction
[09:08] {Threei} finally some consistency in tracking the idiots
[09:08] {nemo} same 30%
[09:09] {Les} what? have enough recessions to starve people of energy and consumption requirements?
[09:09] {ese} it's a casterated now........oh sorry wrong wordd catastrophe
[09:09] {strider} (where am I going, and why am I in this handbasket?)
[09:09] {nemo} strider....did you take your meds?
[09:10] {strider} don't need no stinkin' meds.......I can fly.....I can fly....
[09:10] {nemo} oh oh
[09:10] {ese} stld guides dn eh....hmmmmmmmm
[09:11] {strider} ese's starting to drool.
[09:12] {nemo}'s like you've been here for years
[09:12] {ese} it's kinda in breakout territory
[09:13] {ese} 18.56 to be exact
[09:13] {strider} that a good thing?
[09:14] {strider} ...or an insult.?
[09:14] {nemo} it is what it is...good is in the eye of the beholder
[09:14] {strider} " Steel Dynamics volatility near two year lows "
[09:15] {Threei} jmb, look your e-mail please
[09:16] {larisa} gm all
[09:16] {Threei} larisa :)
[09:16] {Les} afternoon larisa
[09:17] {larisa} vad, les :)
[09:18] {dino} gm all
[09:19] {Threei} dino :)
[09:19] {strider} morning, larisa, dino.
[09:19] {nemo} haroo
[09:20] {Raven} unbelievable
[09:20] {nemo} huh?
[09:20] {Threei} what is?
[09:20] {Raven} this room
[09:20] {strider} Yeah, nemo's pretty unbelieveable.
[09:20] {nemo} yes...and you keep coming back
[09:20] {Raven} you keep reminding me of that
[09:21] {Threei} hey, I think I did rather good job on the end of day log
[09:21] {Raven} I can't look
[09:21] {Threei} why?
[09:21] {nemo} so, it's either the bad highway accident affect, or something deep, dark...rooted in your your middle name Norman?
[09:21] {ese} me thinks that stld at some point today is going to make a run for it
[09:21] {nemo} north or south ese?
[09:22] {ese} north
[09:23] {strider} watching anything, vad?
[09:23] {Threei} nothing outstanding
[09:23] {Threei} just usual suspects
[09:23] {lasertrev} morning
[09:24] {Threei} trev :)
[09:24] {fernp} trev
[09:24] {nemo} oy, wish I had looked at gld 5 minutes ago...look at the volume divergence
[09:24] {nemo} THAT! was a textbook short
[09:24] {Les} I was looking 5 mins. ago
[09:24] {nemo} why didn't you say anything?
[09:25] {Les} dropped into trigger
[09:25] {Les} I was looking as it sailed past .80 I think
[09:25] {nemo} O.K. then, we'll blame that one on you
[09:26] {Les} didn't have time to pull the trigger
[09:26] {Les} let alone make a call
[09:27] {dino} es steels were good yesterday
[09:27] {nemo} Yeah, so...what's that got to do with shifting the blame to someone else for capricious and shallow reasoning
[09:27] {Les} sorry, my bad
[09:27] {dino} i saw your survey, 30%, what about the majority
[09:31] {ese} l stld .26
[09:31] {nemo} wow, that's the most sedate opening minute in fcx in a long time
[09:31] {Threei} AKNS
[09:31] {Threei} Akeena Solar Inc Select Lowe's stores in California to offer Akeena solar panels
[09:31] {Threei} - Co states that for the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc, a leading installer and manufacturer of solar power systems.
[09:32] {nemo} rimm momo again
[09:34] {ese} l stld avg .18
[09:35] {Threei} Long Setup: AKNS .70 if stays above .60
[09:36] {Threei} Long Setup: BRCM .50
[09:36] {Threei} if stays above .40
[09:37] {nemo} break of or .50
[09:37] {Threei} metldown
[09:38] {Threei} RIMM, long on pullback, hopefully under 65
[09:39] {ese} hmmmmm hopefully won't regret hangin on to stld...had 420.00 in my pocket
06[09:39] * nemo slaps magoo around a bit with a large trout
[09:39] {magoo} morn
[09:40] {Threei} mags :)
[09:40] {strider} in BRCM
[09:41] {Threei} a bit too soon
[09:41] {nemo} oy, look at all those offers at .50
[09:41] {Threei} there are big offers, why be a first buyer?
[09:41] {Threei} [09:37] {nemo} break of or .50
[09:41] {Threei} [09:37] {Threei} metldown
[09:41] {Threei} wait foer them to get hit, grab as they start scrolling fast
[09:42] {strider} out. -.03
[09:42] {nemo} ahhh...impetuous youth
[09:42] {ese} out stld .38
[09:43] {ese} +.20
[09:43] {Les} stld b/o
[09:43] {ese} i think so but i'm happy with my 850.00
[09:44] {fernp} gj ese
[09:44] {Les} kaching
[09:44] {ese} tks
[09:46] {nemo} DG tanked, where's dino
[09:47] {magoo} dino looks for like 3 points down
[09:47] {strider} RIMM still good?
[09:47] {strider} hmmm
[09:48] {Threei} 65 break
[09:48] {ese} stld?
[09:49] {Threei} invalidated
[09:49] {nemo} .68 is 200 ma
[09:49] {magoo} look for the bounce vad RIMM
[09:49] {Threei} ??
[09:49] {Threei} what was I just talking about?
[09:49] {Threei} [09:47] {strider} RIMM still good?
[09:49] {Threei} [09:47] {strider} hmmm
[09:49] {Threei} [09:48] {Threei} 65 break
[09:50] {magoo} im talking after the invalid
[09:50] {nemo} wow, it bounced right at support
[09:50] {magoo} AAPL 2 pt tank
[09:50] {Threei} ENER Hearing strength being attributed to renewed takeover chatter (11.13, +0.60, 5.70%)
[09:50] {Threei} BRCM holding right under high
[09:51] {strider} is RIMM invalid or not?
[09:51] {Threei} [09:49] {Threei} invalidated
[09:51] {Threei} [09:49] {nemo} .68 is 200 ma
[09:51] {magoo} invalid
[09:52] {magoo} i was looking for bounce down here somewhere
[09:52] {Threei} .70 break
[09:52] {Threei} stop under .60
[09:53] {strider} stoppeedd
[09:54] {Les} put rimm aside a moment. 2 for 2 stopped on me now
[09:54] {Threei} what was first?
[09:54] {fernp} Have you seen ECA, dino? big gap down
[09:55] {nemo} cat support .90
[09:56] {dino} eca spilt
[09:56] {nemo} spilt what?
[09:57] {strider} BRCM back.
[09:57] {Les} b/d of .75, 9:49. The green ticker that bounced. 2 ticks too early
[09:57] {dino} 2 companies
[09:58] {nemo} wow, that was quite the stop slam on brcm
[09:59] {Threei} BRCM with any market help feels like aiming for 32
[09:59] {strider} entry on pb?
[10:00] {Threei} stop will have to be under .35
[10:00] {strider} I'll wait.
[10:02] {nemo} wow, rimm
[10:03] {nemo} pivot is 63.50
[10:03] {dino} gef, pnnw, oxm
[10:06] {dino} rino
[10:06] {Les} CAT
[10:08] {Threei} (US) Treasury Sec Geithner: Reiterates that financial recovery faces significant headwinds, housing markets are dependent on govt support
[10:08] {Threei} - TARP has reached its primary goal, still has a role to play in maintaining financial stability.
[10:08] {Threei} - Unlikely to see investments in AIG or auto companies paid back.
[10:08] {ese} vad do you use limit fills or market fills more
[10:08] {Threei} limits
[10:09] {ese} ok......i must be judging price movement wrong when i use limits
[10:09] {Threei} put limit price beyond current by a few cents
[10:09] {Threei} as far as you are willing to chase
[10:10] {ese} ahhhh ok i wanted to grab .10 in stld here at .35...or rather a few moments ago....and didn't get it
[10:11] {Les} FCX
[10:11] {dino} uup goes green
[10:12] {nemo} thisa no goowwd for a stocka
[10:12] {nemo} (said in sicilian accent)
[10:12] {magoo} i know its early vad, but.............
06[10:12] * magoo slaps nemo around a bit with a large trout
[10:12] {nemo} awiav
[10:12] {nemo} I got you when you came through the door this morning
[10:12] {ese} uup goes up stocks go dn that right
[10:12] {nemo} might have bear flag on apple
[10:13] {nemo} yes ese
[10:13] {dino} gef hl l .25
[10:13] {ese} tks
[10:13] {dino} stop .96
[10:13] {Threei} I wouldn't bet on this pattern holding for long
[10:13] {Threei} feels to me they'll decouple soon enough
[10:13] {fernp} LEN dbi, Vad?
[10:13] {Threei} pretty much
[10:13] {Threei} daily looks nice for short too
[10:14] {nemo} len
[10:14] {nemo} sorry
[10:14] {strider} AMZN c&h
[10:14] {fernp} .74 short w/stop above .81?
[10:14] {Threei} or above .85
[10:14] {nemo} big stop strider
[10:15] {strider} yep
[10:15] {fernp} ty
[10:15] {dino} $ moving up
[10:18] {Threei} not much to trade this morning
[10:18] {Les} short fcx .05 , .25 stop
[10:18] {fernp} AIG breakdown?
[10:19] {Threei} hmm
[10:19] {Threei} rather bounce
[10:19] {nemo} nice les
[10:19] {Threei} .70 break if holding .60
[10:19] {fernp} ok
[10:19] {Les} out + .16. impossible to concentrate with kids homework
[10:20] {dino} gj
[10:20] {Threei} market drop can take AIG lower, but volume is not very right for short
[10:20] {fernp} yeah, seems db
[10:21] {dino} scanners solid red
[10:22] {Les} crap. bought instead of selling. can't trade now. later.
[10:23] {Threei} look at AIG
[10:23] {fernp} y
[10:23] {Threei} would be a perfect trap on a short side
[10:23] {Threei} that dive was too fast to profit from
[10:23] {fernp} true
[10:23] {Threei} and now break of .70 would have trapped short
[10:24] {dino} stop on gef to .54
[10:24] {ilana} how did you know it would go up?
[10:24] {ilana} aig
[10:25] {dino} expect slippage if hits
[10:25] {magoo} experience
[10:25] {Threei} [10:20] {Threei} market drop can take AIG lower, but volume is not very right for short
[10:25] {dino} make it .62
[10:25] {Threei} volume on second test opf the bottom was much lower than on first
[10:25] {Threei} it bodes for double bottom and bounce better than for breakdown
[10:25] {dino} to .65
[10:25] {strider} NKBP opens in 15 min. IPO
[10:26] {ilana} got ya
[10:27] {dino} to .75
[10:27] {fernp} stopped LEN
[10:28] {dino} half out .87, +.62
[10:28] {ilana} nice dino
[10:28] {fernp} gj dino
[10:28] {dino} .79 stop remaining
[10:29] {dino} out
[10:29] {dino} slip, +.50
[10:29] {dino} ty
[10:29] {ese} be back in 20
[10:31] {Threei} WFC losing ground
[10:31] {Threei} can't find decent short entry on it for days
[10:32] {ilana} RIMM
[10:33] {strider} HXL upgrade
[10:34] {ilana} thin..
[10:34] {strider} yep
[10:35] {strider} h&s daily WFC
[10:36] {dino} rino, gef
[10:37] {fernp} AET hod
[10:38] {fernp} and C&H on daily
[10:40] {Threei} and public option is all but dead
[10:40] {strider} NKBP, chinese bio IPO, priced at 9.00...opening in few sec.
[10:40] {dino} rino hl l ..85
[10:41] {dino} wicked
[10:41] {magoo} im trying to short ipo at 9999
[10:41] {dino} stop is break of lod
[10:41] {dino} gappy
[10:42] {fernp} BRCM hod
[10:42] {Threei} C Reportedly unclear whether any deal is close between Citigroup and the US Govt; yet Citigroup planning a $15B equity offering - unconfirmed report
[10:42] {ese} back
[10:46] {Threei} not very enthusiastic IPO
[10:47] {Threei} (IA) French UN Envoy: There are no reasons to delay new sanctions on Iran over the nuclear program any longer
[10:47] {ese} "C" is the head of intelligence for British Secret Service.......just what exactly does he/she know about equity offerings ehhhhh?
[10:47] {Threei} I thought it was M?
[10:47] {dino} q
[10:47] {fernp} NKBP daily chart is fantastic :-)
[10:48] {Threei} Q was equipment guy
[10:48] {ese} not if you watch "The Sandbaggers"
[10:48] {Threei} clean slate fern :)
[10:49] {Les} FCX again
[10:49] {Les} b/d
[10:50] {Threei} actually... NKBP gains some strength
[10:51] {Les} ok out FCX +.16
[10:51] {Threei} IPO is IPO, they are all werid... but break of .40 could start something
[10:51] {Les} we playin an ipo?
[10:52] {ese} you short that little move les
[10:52] {Les} y. setups coming loud and clear in fcx today
[10:52] {ese} nice one
[10:54] {dino} gj
[10:55] {ese} where were you in les? .00 cover at .84?
[10:55] {ese} trying to get the hang of shorting
[10:55] {dino} pnnw a bit wide
[10:55] {dino} oxm app hod
[10:55] {magoo} ipo should take 9
[10:55] {magoo} in .37
[10:56] {dino} 25 strike in play oxm, imo
[10:56] {ese} a BIT wide......almost .30 cents at one point
[10:57] {magoo} ese, a hooker spread?
[10:57] {ese} lol
[10:57] {Threei} anyone went for NKBP, offer half at .70
[10:57] {magoo} [10:56] {magoo} in .37
[10:57] {dino} gut says big move up
[10:57] {ese} still watching stld here
[10:57] {Threei} I mean anyone sane
[10:57] {Threei} you I am sure went for it, not even asking
[10:58] {ilana} RIMM - third breakout worked
[10:59] {Threei} mags, I am out at .69
[10:59] {Threei} too stubborn for me
[10:59] {magoo} ok
[10:59] {magoo} nice fill
[11:00] {magoo} entry was?
[11:00] {Threei} .35
[11:00] {Les} yeh .00 trigger but with limit price catching buy at .96. out .85. sorry only .+09. I'm all over the place today
[11:00] {Threei} but I am out in full
[11:01] {Threei} I like it but IPOs arfe often too hard to stomach
[11:01] {Threei} and it's a bit weird
[11:01] {Threei} even for IPO
[11:02] {Les} taken another short trigger at .77
[11:03] {dino} les liking the dark side
[11:04] {Les} out at .70 and .62
[11:04] {dino} gj
[11:04] {ilana} gj Les
[11:04] {Les} not exactly 1:1, but any quick jobs that can be found in between looking after kids
[11:04] {Les} I'll take them
[11:05] {dino} i may be your edge
[11:05] {magoo} f'in RIMM...we need to stay on it
[11:05] {Les} still waiting for the big drop in fcx
[11:06] {dino} rimm=random, intense, market moves
[11:06] {strider} Trev, dcc.
[11:06] {ilana} RIMM - looks like .65 was important break on daily?
[11:06] {ilana} 65
[11:08] {ese} waiting for the capitulation volume spike as per vads book p.171 for stld.........caaaaaaaamon
[11:08] {Les} took it again at .63. think I'll hold and see if it can go a little longer
[11:08] {ilana} on what ese?
[11:09] {magoo} les, which?
[11:09] {Les} fcx
[11:09] {magoo} sh or long?
[11:09] {Les} short mate short
[11:10] {fernp} what is your stop Les? above .80?
[11:10] {strider} UUP c&h
[11:10] {strider} very narrow
[11:11] {Les} going with .75. .63 entry is a small chase of .65 trigger. but fearful of bounce I will keep it on tight leash
[11:11] {ese} stld ilana
[11:11] {ese} i min chart
[11:12] {ese} 1min
[11:12] {fernp} out AET +.13 first trade that works for me today
[11:13] {Les} ok out .33 +.30. that helps fill the stop losses from opening
[11:13] {strider} The 'boing' for chatroom in irc not working consistently...anyone else have trouble with that?
[11:14] {Threei} boing?
[11:14] {fernp} what is that?
[11:14] {strider} option for a sound when someone posts.
[11:14] {fernp} write setup Vad, pls
[11:15] {Threei} setup
[11:15] {fernp} fine here
[11:15] {strider} Tools.Options}sounds
[11:16] {strider} Vad, say something.
[11:16] {larisa} no, right click on the nick, info, highlight
[11:17] {strider} dodn't see info.
[11:17] {strider} don't
[11:17] {magoo} les, u nailed tht sh
[11:17] {magoo} but itook .37 long
[11:17] {nemo} why mags?
[11:17] {larisa} first is info, last is slap
03[11:18] * Looking up magoo user info...
[11:18] {strider} first is whois here
[11:18] {Threei} depending on mirc version it could be: Ucentral, Hihglight
[11:18] {strider} STEM
06[11:19] * magoo slaps strider around a bit with a large trout
[11:21] {Les} yeh mags, who knew that vad was right all these years? price and volume tells the story
[11:22] {nemo} ahhh....alot of people
[11:22] {strider} : Stem-cell transplant regimen reversed sickle cell disease, NIH reports
[11:22] {strider} A modified blood adult stem-cell transplant regimen has effectively reversed sickle cell disease in 9 of 10 adults who had been severely affected by the disease, according to results of a National Institutes of Health study in the Devrmbrt 10 issue of the New England Journal of Medicine. The
[11:25] {dino} rino stopped -.20
[11:26] {ese} L stld .11
[11:27] {strider} Vad, where is the option for sound in Ucentral?
[11:27] {ese} there she be the ole volume spike
[11:27] {Threei} tab Highlight
[11:29] {strider} Let's see....where's the ignore nemo tab?
[11:29] {nemo} nice one
[11:29] {nemo} I wish I had one of those
[11:29] {larisa} you can ignore any user you want actually
[11:30] {Threei} can you ignore yousrelf?
[11:30] {strider} users yes, but abusers?
[11:30] {nemo} wow....I'm hurt
[11:30] {larisa} yes vad, just type with eyes closed
06[11:31] * strider slaps strider around a bit with a large gauze bandage.
[11:31] {Threei} how do you think I am typing now?
[11:31] {larisa} with elbows ?
[11:31] {Threei} sometimes, when not with knees
[11:32] {fernp} VLO .56, Vad?
[11:32] {Threei} I think so
[11:32] {Threei} just a scalp though
[11:32] {nemo} aig snuck one by
[11:32] {fernp} thanks
[11:33] {nemo} look at aig on 15 minute hart
[11:33] {nemo} chart
[11:34] {Threei} US House Speaker Pelosi: Hopeful to pass legislation on small business and infrastructure improvements next week
[11:34] {Threei} - legislation also takes aim at preventing public safety layoffs
[11:34] {Threei} - highlights that the debt limit increase will be included in the defense bill expected next week
[11:34] {ilana} FCX .60 b/d?
[11:35] {Threei} mrket doesn't feel weak to me
[11:35] {Threei} rather preparing another sneaky rally
[11:36] {strider} STEM .44?
[11:36] {Threei} I seriously doubt STEM
[11:36] {strider} Seemed like really big news.
[11:36] {ese} stem the tide.......yuk yuk yuk
[11:36] {Threei} this thing is good for a few minutes while momo is fresh
[11:36] {Threei} it always has big news
[11:36] {Threei} and never goes anywhere
[11:37] {Threei} STEM, ASTM, KOOL
[11:37] {Threei} same breed
[11:37] {Threei} saviors of humanity
[11:38] {Threei} anyone remembers how first hype of GERN was titled, back in 1998?
[11:38] {Threei} "fountain of youth"
[11:41] {strider} dino, say something.
[11:42] {larisa} oh oh he is putting dino on ignore :)
[11:42] {Threei} well, he is done with me, with nemo
[11:42] {strider} trying to paint him orange...for extreme danger.
[11:43] {Threei} who is next if not dino
[11:43] {nemo} rimm is just in slow accumulation mode
[11:43] {dino} something
[11:43] {strider} well, that didn't work
[11:44] {strider} yyou're still black.
03[11:44] * Looking up strider user info...
[11:44] {strider} Not that there's anything wrong with that.
[11:44] {Threei} did you check the box Enable highlight?
[11:45] {fernp} out VLO 1:1
[11:45] {dino} fdx gap fill
[11:45] {Threei} jmb, admin asked to ask you to check e-mail
[11:45] {Threei} please do or he will nag me
[11:45] {strider} Yeah, won't let me click OK and exit...have to cancel to close box.
[11:45] {jmb} will do
[11:45] {Threei} strider... what??
[11:46] {Threei} if you cancel, changes you made are not registered
[11:47] {strider} maybe works.
[11:48] {strider} :)
[11:48] {Threei} Statue of Young Obama Unveiled in Indonesia
[11:49] {Threei} see you in two weeks
[11:49] {Threei} should be able to return from Indonesia till then
[11:50] {dino} pgm 5 day crush-o-la
[11:51] {nemo} pru at interesting spot
[11:51] {ese} *&^UYT and further more(*&^%hg_)L.....and I also feel (*&IUYLK&^%^% and so on that *(&&^%YTjh$#...and that about sums it up ^%$HFKJHG
[11:52] {Threei} now tell us how you really feel
06[11:52] * nemo slaps ese around a bit with a large bottle of prozac
[11:52] {Threei} and don't hold back this time, OK?
[11:52] {ese} I'll try
[11:53] {nemo} if pru drops below .77 could go t o.37
[11:53] {ese} ouuuu .90's the stop for my stld position.......that was close
[11:53] {magoo} vad PLEASE get on RIMM all day
[11:54] {ese} what am i saying...still is close
[11:54] {nemo} rimm just broke trend
[11:55] {magoo} i dnt care short or long..its only game in town
[11:56] {ese} vad more advice please.......waited for the volume spike stld......what else could i have been looking for
[11:56] {Threei} not exactly true
[11:56] {Threei} AMZN is moving well too
[11:57] {nemo} cat gave a nice short at 57.06
[11:57] {ese} at 11:25 am
[11:57] {Threei} sorry ese, not sure I understood the question
[11:57] {Threei} waited for what?
[11:57] {ese} usually spike is an indicator of trend completion
[11:58] {Threei} if it comes with sharp vertical price movement
[11:58] {ese} maybe wait for higher low i guess
[11:58] {Threei} that one was in the middle of nowhere, preice stalled
[11:58] {Threei} and no any kind of chart formation
[11:58] {ese} ok this didn't have that
[11:58] {Threei} just aimless wandering back and forth
[11:58] {Threei} that was kinf od random entry
[11:58] {ese} hmmmmmm yes ture the more i look at it
[11:59] {ese} true
[11:59] {Threei} mags
[11:59] {Threei} short .50 break
[11:59] {dino} rino rinsed
[11:59] {ese} ok.......i don't play these and learn
[11:59] {Threei} hmmm... almost no consolidation
[12:00] {nemo} 123 important level for pot
[12:00] {Threei} hoped it would spend couple minutes above .50 before losing it
[12:01] {nemo} lunch time Vad
[12:03] {ese} buggar stld....rinsed....ala stopped
[12:05] {Threei} did you know there was an globalk warming ETF?
[12:05] {Threei} I just found out, never heard of that
[12:06] {Threei} symbol is GRN
[12:06] {Threei} overwhelming volume
[12:06] {nemo} underwhelming sense of humor
[12:07] {strider} but all in all, whelmed.
06[12:07] * Threei slaps nemo around a bit with a large volume titled The Giant Book of Insutls
[12:07] {nemo} mmmhhhhh....I'm speechless
[12:07] {nemo} Who do you think wrote it?
[12:07] {fernp} LVS if breaks .35, Vad?
[12:07] {magoo} RIMM 200 ma at 65
[12:08] {Threei} can't tell really
[12:08] {nemo} gld
[12:08] {Threei} way too narrow
[12:08] {magoo} should hold it
[12:08] {fernp} ok
[12:08] {Threei} you shorted it at .50 mags?
[12:08] {magoo} no
[12:09] {magoo} im nursing l fcx from .50
[12:09] {Threei} great... he asks for read, I catch some more or less decent setup, he ignores it... why do I even bother...
[12:09] {dino} fsys blood
[12:09] {magoo} thinking cut fcx..go long rimm at some point
[12:14] {Les} thanks Vad, I managed to quickly snap .06 on RIMM on your comment. keep em coming
[12:14] {Les} rimm and fcx only plays of mine today
[12:14] {Threei} ok... as long as you don;'t trade 50 shares for 6 cents move :)
[12:15] {Les} ha. mind you, 25 G is somewhat constraining
[12:15] {nemo} WOW pru!!!
[12:15] {nemo} WTF!
[12:16] {nemo} PRU just bounce a BUCK in 1 minute!
[12:16] {Les} so lets short it
[12:17] {nemo} the question is why?
[12:17] {fernp} no news here
[12:18] {larisa} announcing 2010 earnings per share guidance at its Investor Day conference in New York City today
[12:18] {Threei} PRU Follow up: guides 2010 EPS (adj) $5.40-5.70 v $5.60e (48.28, +0.39, 0.81%)
[12:18] {fernp} PRU reaffirms earnings guidance for 2009
[12:18] {magoo} look fcx dump
[12:18] {magoo} vad, any read on it
[12:22] {Threei} watching for consolidation, then .50 break for short
[12:22] {ese} ok vad....STLD once again.....this volume spike here at 12.15 is not really valid as a trend reversal because there is no spike in the price as well?
[12:24] {Les} out pru .30 +.09
[12:25] {Threei} there is just no setup ese
[12:26] {strider} short FCX?
[12:26] {Threei} if stays under .65
[12:26] {strider} at .50 or .55?
[12:27] {nemo} aggressive .55
[12:27] {nemo} normal .50
[12:27] {nemo} you're definitely not normal
[12:27] {nemo} invalimudate
[12:27] {strider} STLD ese
[12:27] {ese} tks
[12:31] {fernp} FCX valid again, Vad?
[12:31] {Threei} I think so
[12:35] {dino} fsys
[12:35] {dino} hl l .00
[12:35] {dino} risky
[12:36] {fernp} FCX valid but w/stop above .70?
[12:36] {strider} short .....FX
[12:36] {strider} CX .54
[12:37] {dino} strike plays
[12:37] {strider} FCX
[12:37] {Les} in .55
[12:37] {Threei} who so impatient?
[12:38] {Threei} i dances above this support for quite a while
[12:38] {Threei} who -= why
[12:38] {Les} yeh aggressive looking foolish now
[12:39] {fernp} new stop is above .70?
[12:39] {Threei} yeah
[12:40] {fernp} ok... reducing my shares :-)
[12:43] {fernp} WFC Vad
[12:43] {Threei} don;'t know fern...
[12:43] {dino} stopped -.31
[12:44] {dino} fsys
[12:44] {Threei} bounces all the time after fae breakdowns
[12:44] {fernp} true
[12:44] {Threei} one of them will be real but how to tell it
[12:44] {Threei} same thing as it did with out coveted short trigger at 26
[12:45] {Threei} didn't work on it so may times that when it finally did, there was no way to decide on entry
[12:45] {fernp} i understand
[12:46] {strider} stopped.
[12:46] {strider} bad day.
[12:48] {fernp} bad week here, strider, not a single winning day. But tomorrow will be the day!!! :-)
[12:48] {strider} Maybe this afternoon!
[12:48] {Threei} come on, how yesterday could be not winning day?
[12:49] {fernp} only in the gross
[12:49] {dino} fsys last try hl l .75
[12:49] {dino} light week here guys, running 40%
[12:49] {strider} 40% of what?
[12:50] {dino} of daily goal
[12:51] {strider} (sound of violins)
[12:51] {dino} rocking horse winner
[12:52] {strider} AMZN
[12:53] {strider} I"m sittin' on my eff'n hands.
[12:54] {fernp} im shorting here WFC small shares
[12:54] {nemo} boy strider, that's sticking your chin out
[12:54] {dino} thats good, imo, don't trade to trade
[12:55] {nemo} action junkie=no good
[12:55] {dino} have a drink
[12:55] {strider} Another one?
[12:59] {dino} fsts out ..45 -.30
[12:59] {larisa} ENER call options are up big today. CNBC mentions.
[13:00] {dino} stupid stupid, had .33 and .42 on it, instead took two stops
[13:00] {larisa} :(
[13:01] {fernp} 1:1 WFC
[13:02] {Threei} ECB's Trichet: Impact of crisis not as bad as previously thought; conditions now allow for removal of some excess support measures
[13:02] {dino} last try hl l .00
[13:02] {dino} fsys
[13:07] {dino} stopped -.31, wow
[13:08] {larisa} fsys no news? scary to touch it
[13:08] {dino} capit drop
[13:08] {larisa} or i just do not see it
[13:08] {Threei} FSYS Hearing weakness attributed to analyst note speculating that Italian natural gas incentive program may be discontinued (timing uncertain) (44.42, -6.07, -12.02%)
[13:08] {fernp} no news here
[13:08] {Threei} this very minute
[13:08] {larisa} ty
[13:08] {nemo} I have visions of italians hooked up to pipes
[13:09] {dino} thats the dutch
[13:09] {nemo} no, not the way I see them hooked up...all that spicy food
[13:09] {nemo} natural gas
[13:10] {Threei} I am not editing seond log in a row
[13:10] {strider} You'll have to edit what you just said.:)
[13:11] {fernp} lol nemo
[13:12] {nemo} vad, watch cat weakness, could go to .20-.25 area
[13:13] {Threei} .55 trigger...
[13:13] {nemo} ja wohl
[13:14] {nemo} although market due for a bounce plus should be coming out of lunch
[13:14] {fernp} 19 minutes later... WFC 1:2
[13:16] {Les} fcx keeps on serving them up
[13:17] {dino} fsys hl l .50
[13:19] {larisa} i want fsys to go to 46 for dino.
[13:20] {dino} thx hon
[13:20] {larisa} lol
[13:21] {dino} ;)
[13:22] {strider} short .53 CAT
[13:22] {ilana} in .57
[13:23] {dino} out fsys .10 ave, +.60
[13:25] {larisa} gj
[13:25] {patience} very nice dino
[13:26] {strider} out CAT
[13:26] {strider} sshit
[13:27] {strider} AS in everything I touch today turns to....
[13:27] {nemo} strider, the set up was right, but 2 things: the market was due for a bounce, and we're coming out of lunch hour
[13:29] {dino} ty patience
[13:31] {dino} rino hl l .34
[13:34] {ilana} out cat flat
[13:34] {fernp} stopped CAT
[13:35] {Threei} don't push it guys
[13:35] {Threei} nithing happens
[13:35] {Threei} qttempt to squueze juice out of stone only leaves you with scratched hands
[13:36] {ilana} ouch
[13:38] {dino} thats a good one
[13:38] {Threei} thank you
[13:39] {dino} csco l .95
[13:39] {Threei} GS
[13:39] {Threei} want little pullback, then break of .50
[13:40] {Threei} ugh.. no pullback
[13:41] {Threei} {--- crying
06[13:41] * strider slaps Threei around a bit with a large DVD of Roy Orbison
[13:41] {patience} i switched from gold etf's to gold stocks.....easier trades today
[13:41] {Threei} {--- crying more
[13:42] {Threei} {--- missed great trade AND got slapped with DVD
[13:43] {strider} Can we rewind? I could have really used that one.
[13:43] {strider} I think it's rewinding.
[13:44] {Threei} .50 is support now
[13:44] {Threei} conservative entry nar it makes sense
[13:45] {dino} gs, no cash bonuses, giving stock w/5 year limit on sale of it
[13:46] {Threei} well... will it earn them good carma?
[13:46] {Threei} or public will still see GS as a root of all evil?
[13:47] {Threei} Fed's Duke: Housing market restoration will require more than liquidity; scarcity of lending hurts modest income households most
[13:47] {Threei} - restarting GSEs in old forms would not be wise
[13:47] {Threei} - sees possibility for some sort of Govt support to ensure securitization of mortgages
[13:47] {fernp} good moment here to enter, Vad?
[13:48] {Threei} listen here Duke: it's abundance of lending that lured modest income households in and killed them and whole economy with them
[13:48] {Threei} need market fern
[13:48] {Threei} it's still downticking
[13:48] {Threei} but if it reverses, totally
[13:48] {fernp} yeah
[13:50] {Threei} and, Duke, listen again: if securization of mortgages was a problem in private hands, it will be doubly so in governemtn hands
[13:50] {Threei} in
[13:50] {Threei} stop under .40
[13:51] {Threei} never played GS with 10 cents stop
[13:51] {Threei} never dreamt of it being possible
[13:52] {Threei} why didn't I take 1:21?
[13:52] {fernp} no go for me
[13:52] {Threei} yeah
[13:52] {Threei} greed
[13:52] {fernp} here too
[13:53] {Threei} US) Preview: Nov Monthly Budget Statement
[13:53] {Threei} **consensus expectation: -$132Be v -$125B prior
[13:57] {fernp} BIG lod
[13:59] {Threei} SIGA Hearing National Securities defending the stock (timing uncertain) (7.50, -1.16, -13.39%)
[14:00] {Threei} US) NOV MONTHLY BUDGET STATEMENT: -$120.3BB V -$131.6BE
[14:00] {Threei} - revisions
[14:00] {Threei} - 14th straight month of budget deficits; longest in recorded history
[14:00] {strider} Whoopee...celebrate.
[14:01] {ilana} are you in GS, Vad?
[14:01] {Threei} not anymore
[14:02] {Threei} [13:50] {Threei} stop under .40
[14:02] {ilana} squeesing the stone, aren't we :-)
[14:04] {Threei} hey, my stone gave juice... it was my (stupid) choice not to take 1:1
[14:05] {ilana} ok ok, just don't cry again
[14:05] {Threei} why not
[14:05] {Threei} is it free country or what
[14:05] {ilana} scary
[14:05] {Threei} as long as I have a box of tissues
[14:05] {Les} what
[14:06] {ilana} seeing Vad crying
[14:06] {ilana} good we don't use scype
[14:06] {strider} Strictly ceremonial crying.
[14:07] {Threei} scype sounds so paingul... I would certainly be crying using it
[14:07] {Threei} painful
[14:07] {Les} Vad said " is it free country or what".... it's definitely "what"
[14:08] {larisa} sigh
[14:10] {ilana} FCX H&S
[14:11] {strider} big honkin' h&s
[14:11] {ilana} actually the whole SPY is
[14:17] {patience} 135 pound puppy just stepped on my keyboard.....5 keys flipped off the keyboard across the room....never mindthe vomit and flooded bathroom he just created....i should trade in an office
[14:17] {Les} lol yuk
[14:17] {Les} cat c&h
[14:17] {Threei} I am yet to understand how this monster fits into "puppy"
[14:18] {patience} he is a newfie.....
[14:18] {Raven} sounds gay
[14:18] {Threei} lol
[14:19] {dino} awww mannnn patience
[14:19] {patience} i' no longer have keys on right side....still actively in 2 trades..this is interesting
[14:20] {Threei} nice FCX
[14:20] {magoo} fcx been a big mover over last sessions
[14:21] {ilana} as we as CAT, HIG, SPY
[14:21] {ilana} well
[14:22] {nemo} rimm too
[14:25] {Les} some consolidation at these levels in cat. looking long
[14:26] {ilana} in .02
[14:26] {Les} crap ilana, don't take my word for it!
[14:26] {Les} Vaaaaaaad!
[14:26] {ilana} was in before you potsed :P
[14:27] {Les} oh good
[14:27] {Threei} what?
[14:27] {Les} hoping spy holds up as well
[14:27] {Threei} am I keeper to dino's brother or larisa's sister?
[14:27] {Les} nothing. thought I was maliciously influencing people...
[14:28] {Threei} you sure are
[14:28] {Threei} but don't let it stop you
[14:28] {ilana} Vad, do you run a daycare as secondary business?
[14:28] {dino} no
[14:28] {Threei} we all do it day in day out
[14:29] {Threei} me and children... now, that's really bad idea
[14:29] {ilana} i think you do
[14:30] {ilana} 13:26 Les crap ilana, don't take my word for it!
[14:30] {Threei} just think of poor kids learning skills like "inhaling 200g hlass of vodka in one hulp"
[14:30] {ilana} 13:26 Les Vaaaaaaad!
[14:30] {Threei} or "cutting cigar tip with your teeth"
[14:31] {ilana} Les, kick CAT at rear, would you
[14:31] {nemo} rimm going for HOD
[14:31] {Threei} feels like we are headed for another rally
[14:32] {nemo} I was just thinking that 150-200 today
[14:32] {larisa} no, finish red today :)
[14:32] {nemo} alright folks (and strider) c u tomorrow.
[14:32] {strider} see ya, nemo.......
[14:33] {Threei} take care nemo
[14:33] {larisa} bye nemo
[14:33] {strider} I'm gone in a few also.
[14:33] {strider} Not doing any more damage today.
[14:33] {larisa} bye strider
[14:33] {strider} :)
[14:33] {Les} don't let the what hit you where on the way out Nemo?
[14:33] {Les} st
[14:34] {Threei} hmmm
[14:34] {Threei} don't let strider hit nemo on his way out??
[14:34] {Les} yeh why not
[14:34] {Les} at least no censorship required for that
[14:34] {strider} too late.
[14:34] {Threei} RIMM goes for break
[14:36] {strider} FCX consolidation
[14:36] {Les} mistake forgetting about fcx. I exited short on last low of .25. Don't think to flip long straight after. not natural to me
[14:38] {Les} out CAT for peanuts. will wait to see what SPY does
[14:39] {ilana} real money, Les?
[14:39] {Les} paper trades
[14:40] {Threei} Three US Senators put forward a compromise climate bill that includes support for more nuclear plants, clean coal, and offshore drilling
[14:40] {Threei} no chance
[14:41] {Les} wall st has seen the future. it does not involve alternative energy
[14:43] {Threei} what difference does it make for wall street
[14:43] {Threei} it will tarde whatever there is to trade
[14:43] {Les} the implementation of cap n trade through derivatives.
[14:44] {Threei} if idiots want carbon creits, wall street will trade them
[14:45] {Les} who is leading who?
[14:45] {Threei} we don't know
[14:46] {Threei} but this whole hoopla started long ago
[14:46] {Threei} and it started in Europe
[14:46] {Threei} not here
[14:46] {Les} check out cool looking carbon trading exchange:
[14:46] {Les} yeh I know
[14:46] {Threei} so I would think it's much more likely that wall street plugs along
[14:47] {Les} you still in CAT ilana?
[14:47] {Les} it made .10
[14:47] {ilana} yes
[14:47] {ilana} took half lot
[14:48] {Les} you catch this article on the subject Vad?
[14:48] {fernp} RIMM Vad
[14:48] {fernp} breakout?
[14:48] {Threei} Long Setup: RIMM .90 break
[14:50] {ilana} out CAT .07
[14:50] {Threei} just confirms what I say les
[14:50] {Threei} idiots invent idiotic causes
[14:51] {Threei} wall street shrugs and figures out how to profit from them
[14:52] {Les} sure
[14:52] {Les} fyi only
[14:53] {ilana} why .90 Vad, today's high break?
[14:53] {Threei} yes
[14:53] {Threei} new high close to eod would signal closing rally
[14:56] {fernp} gotta go. have a good evening all. see you tomorrow.
[14:56] {Threei} take care fern
[14:56] {ilana} HGSI C&H and close to today's high
[14:57] {ilana} C&H 5 min chart
[14:57] {dino} cya fern
[14:57] {ilana} bye fern
[14:59] {dino} aet, unh, wlp rocking
[15:03] {dino} out csco +.02
[15:04] {Les} GLD
[15:06] {Threei} aggressive entry is preferrable on RIMM
[15:06] {Threei} .90 is a bit too far from .70 which is support for stop placement
[15:18] {Threei} no range at all today
[15:18] {Threei} whole day running in place
[15:19] {Les} I'm curious to know how my trading will be once a reasonable trend returns.
[15:19] {Les} hopefully a little less frustrating than this
[15:20] {Threei} can't even beging telling you how I hate this language
[15:20] {Les} ?
[15:20] {Threei} delighted... fristrated...
[15:20] {Les} english?
[15:20] {Les} equivelant in Russian is?
[15:20] {Threei} sigh
[15:21] {Threei} I am talking about this emotionally charged attitude
[15:21] {Les} what? in this room? in trading? or the english language itself?
[15:21] {Threei} never mind
[15:22] {Les} I'm outta here. c u tomorrow
[15:22] {Threei} take care
[15:22] {dino} cya
[15:23] {dino} lol too
[15:27] {dino} fsys hl l ave .14
[15:27] {ilana} stopped RIMM
[15:30] {dino} oxm hl s .25
[15:33] {Threei} looking at indices chart today,
[15:33] {Threei} total randomness
[15:34] {ilana} HIG db
[15:34] {Threei} GLD watching for bounce scalp
[15:37] {dino} lci
[15:38] {dino} drug approval
[15:38] {Threei} LCI Receives FDA Approvals for Hydromorphone Hydrochloride Tablets USP, 2 mg, 4 mg and 8 mg Strengths
[15:38] {Threei} - received approvals from the U.S. Food and Drug Administration (FDA) of its Abbreviated New Drug Ap... (6.74, +0.26, 4.01%) more...
[15:44] {ilana} what do you think about holding it overnight for morning gap?
[15:44] {Threei} NKBP trying again
[15:44] {Threei} holding what?
[15:44] {dino} out fsys .55, +.41\
[15:45] {dino} oxm bstyop to b/e
[15:46] {Threei} RIMM...
[15:46] {magoo} huh/
[15:46] {magoo} huh?
[15:48] {dino} oxm to .15
[15:48] {dino} cov +.10
[15:51] {dino} f'ing oxm hitting stop
[15:52] {dino} too tight
[15:52] {dino} lol, + a whopping $14 for all this work
[15:52] {Threei} lol
[15:53] {dino} alto, dec. so far all positive (small)
[15:54] {dino} scalps working, sticking to it
[15:54] {ilana} .40 - scalping is it :-)
[15:54] {ilana} gn all
[15:55] {Threei} take care ilana
[15:55] {Threei} mgs
[15:55] {dino} well, half lots, but once up $100 trailing to protect
[15:55] {Threei} look at NKBP forming C&H
[16:00] {Threei} thank you all
[16:00] {Threei} empty listless day
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {dino} thx all
[16:00] {larisa} bye!