Tuesday, December 22, 2009

Dec 22 2009

Another slow and profitable day. We seem to handle this slow grind with great consistency. Most of the trades are scalps but that's the nature of this beast called thin holiday trading.

Session Time: Tue Dec 22 00:00:00 2009

[08:59] {ese} morning
[09:00] {strider} morning ese
[09:01] {strider} Here's one for ya, ese: CACA
[09:01] {strider} Chardan 2008 China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:02] {Threei} Good morning
[09:02] {strider} morning, vad.
[09:03] {strider} How much CACA would you like this morning?
[09:03] {nemo} Strider's a perfect addition...he helps keep us in the gutter
[09:03] {Threei} why do I suddenly feel strong urge to go back to sleep
[09:03] {nemo} :)
[09:03] {nemo} gld
[09:04] {nemo} sorry...but it is a bit active this morning
[09:04] {ese} mornin vad
[09:05] {Threei} ese :)
[09:05] {Threei} *(US) Q3 FINAL GDP Q/Q ANNUALIZED: 2.2% V 2.8%E; PERSONAL CONSUMPTION: 2.8% V 2.9%
[09:05] {Threei} US) Q3 FINAL GDP PRICE INDEX: 0.4% V 0.5%E, CORE PCE Q/Q: 1.2% V 1.3%E
[09:05] {ese} what kind of company is that st
[09:06] {strider} China Acquisition Corp. does not have significant operations. The company intends to focus on identifying a prospective target business having its primary operations in the People's Republic of China.
[09:06] {ese} dude
[09:06] {strider} they have good intentions.
[09:08] {ese} lol
[09:09] {fernp} Good morning everybody
[09:09] {Threei} reminds me of old joke about the guy who asked father of a girl he liked permission to marry her
[09:09] {Threei} fern :)
[09:09] {Threei} answering the father's question about his income and general ability to provide a nice lifestyle for his spoiled daughter, he said
[09:10] {Threei} well, I am not much right now but I have great views (in russian it reads as both views and prospects)
[09:10] {Threei} to whch father replied:
[09:10] {Threei} views? you need a photocamera then, not my daughetr
[09:11] {Raven} rofllllllllllllll
[09:11] {Threei} sigh
[09:11] {Raven} yes
[09:12] {nemo} hey, Vad. RIMM is at that .40 or so level again. I think it's important
[09:12] {ese} too funnny
[09:13] {nemo} the joke or my comment?
[09:13] {Threei} what are you looking for?
[09:13] {Threei} breakdown?
[09:15] {nemo} well, below it, yes, it touched that level on the afternoon swing low (sweeeet chaaaariotttt...comin' for to carry me hoooommmmeee)
[09:15] {Raven} sheesh
[09:15] {nemo} if it stays above, may be the bottom of the range
[09:15] {nemo} What can I say Raven, you bring it out in me
[09:16] {Raven} [{------}]
[09:16] {nemo} more indecipherable Ravenglyphs
[09:16] {strider} tautology: {nemo} if it stays above, may be the bottom of the range
[09:16] {nemo} Yes, it seems to be shaping up as an important level
[09:17] {nemo} Hey Raven! What's your opinion on the RIMM level?
[09:17] {nemo} I think I'll be sorry I asked...
[09:20] {fernp} RIMM breakingdown
[09:20] {nemo} Look at Friday, when rimm bottomed, it broke out when it broke above the .25-.30 level
[09:22] {nemo} so, it may be the .25-.40 level is somewhat of a no-man's land
[09:24] {magoo} oprning
[09:24] {magoo} sigh
[09:24] {magoo} morning
[09:25] {Threei} magoo :)
[09:25] {magoo} what u watchin vad?
[09:26] {Threei} usual suspects
[09:26] {Threei} and dog ESLR just got news
[09:26] {Threei} Evergreen Solar Inc Solar panels chosen to Power Patriot Place
[09:26] {Threei} - Its String Ribbon solar panels have been chosen for a 525-kilowatt installation at Patriot Place, a 1.3-million-square-foot shopping, dining and entertainment complex located adjacent to Gillette Stadium, home of the New England Patriots.
[09:27] {magoo} look ATHX
[09:27] {nemo} Yeah, but alot of the shops that signed up for Patriot Place are closing down
[09:27] {Threei} TAN
[09:27] {Threei} Claymore Global Solar Energy ETF Broadpoint Amtech Raising Numbers on Solar Sector
[09:27] {Threei} - Broadpoint analysts see demand remaining elevated into 1H10.
[09:27] {Threei} - Revising fixed price deliveries higher and also sees shipments up 10-15% with a positive bias.
[09:27] {Threei} - Anticipating revising estimates higher across the board into the following 4Q09 earnings season.
[09:28] {Threei} ATHX
[09:28] {Threei} Pfizer Inc Acquires rights to Athersys Stem-cell therapy - NY Times
[09:28] {Threei} - Pfizer to develop Athersyss cells to treat inflammatory bowel disease, the companies are expected to announce on Monday.
[09:28] {Threei} - Tol pay Athersys $6M initially and up to $105M in the future.
[09:28] {Threei} - Athersyss cells, derived from human bone marrow, have not yet been tested in people with inflammatory bowel disease, a term that encompasses ulcerative colitis and Crohns disease. But the product, called MultiStem, is in early human testing as a treatment for heart attacks and for cancer patients receiving bone marrow transplants.
[09:28] {Threei} - Athersys [ATHX] was founded in 1995 and based in Cleveland
[09:29] {Threei} yesterday's news and move
[09:29] {Threei} dropped ever since open yesterday
[09:29] {dino} gm all
[09:29] {Threei} dino :)
[09:30] {Threei} NTWK Wins a Information Security Contract in the Mobile Telecommunications Sector in Pakistan (0.99, +0.02, 2.06%)
[09:34] {Threei} NVDA is still climbing
[09:34] {strider} BGG
[09:35] {strider} not a lot of potential.
[09:35] {nemo} wfc weak,
[09:35] {Threei} Long Setup: RMBS .80 break if stays above .70
[09:37] {nemo} huge orer .82 on rmbs
[09:37] {Threei} let's fine tune it a bit
[09:37] {nemo} order
[09:37] {Threei} big offers at .81 and .82, and .82 is day high so far
[09:37] {Threei} so let's make a trigger .82 break
[09:38] {Threei} likely to be fast,
[09:38] {Threei} so try to grab last shares at .82 as it scrolls
[09:38] {fernp} out SOLF (from yesterday) +.33
[09:38] {magoo} in .80
[09:38] {nemo} HAH
[09:38] {Threei} wtg fern
[09:39] {nemo} that, was fast
[09:39] {fernp} ty
[09:39] {fernp} in .83
[09:39] {strider} long .81
[09:41] {Threei} should spike now over .90
[09:42] {Threei} good boy
[09:42] {fernp} ty Vad
[09:42] {Threei} over 1:1
[09:42] {Threei} welcome
[09:42] {Threei} half out for me
[09:42] {strider} out .95
[09:42] {Threei} offering over 24
[09:43] {ese} nice one on rmbs ladies and gents
[09:43] {Threei} ty
[09:43] {Threei} it was very nice of it to return and pick up those who missed the departure
[09:43] {strider} indeed.
[09:44] {Threei} US) Preview: Nov Existing Home Sales due out at 10:00ET
[09:44] {Threei} **consensus expectation: 6.25Me (+2.5% m/m) v 6.1M prior
[09:44] {strider} BGG had more potential than I thought.
[09:46] {Threei} mags, you took profit} partial? fell asleep?
[09:46] {Les} WAWIV?
[09:46] {Threei} yes but too far from entry, no chasing
[09:46] {magoo} partia
[09:46] {Threei} okay
[09:46] {Threei} 'cause sometimes you are scaring me by sitting in them for too long :)
[09:46] {Les} hi, what are we in?
[09:47] {Threei} RMBS from .80
[09:47] {Les} GLD
[09:47] {fernp} VMED, Vad?
[09:47] {Threei} US) Preview: Oct House Price Index (m/m) due out at 10:00ET
[09:47] {Threei} **consensus expectation: 0.2%e v 0.0% prior
[09:47] {Threei} - estimates range between -0.4% to +0.5%
[09:47] {Threei} US) Preview: Dec Richmond Fed Manufacturing Index due out at 10:00ET
[09:47] {Threei} **consensus expectation: 5e v 1 prior
[09:48] {magoo} AIG
[09:48] {Threei} I think so fern
[09:48] {fernp} thanks
[09:48] {nemo} rimm hehehe
[09:49] {ese} aig is going like a bat out of hell mags
[09:50] {magoo} careful
[09:50] {magoo} its been a disappointer
[09:52] {ese} indeed
[09:53] {Les} dino, any tickers on your list today?
[09:55] {Les} Vad, CAT long?
[09:55] {Threei} no read on CAT
[09:56] {magoo} any read AIG?
[09:56] {fernp} GNK if breaks .10, Vad?
[09:56] {ese} aig has had the crap beat out of it since sept mags....i think that this thing is due for a rebound
[09:56] {Threei} not really... momo, either resuming or fizzling out
[09:56] {dino} aixg, ades, enoc, man, nav
[09:57] {Threei} too thin fern
[09:57] {fernp} yeah, and stop is .30
[09:57] {Threei} just couple sccidental buyers can spike it over stop easy
[09:57] {fernp} true, ty
[09:58] {nemo} hgsi
[09:58] {dino} aixg hl l .35
[09:58] {nemo} C&H, break .74, sto .64
[09:58] {dino} stop is .14
[09:59] {Threei} yuck
[10:00] {Threei} *(US) NOV EXISTING HOME SALES: 6.54M V 6.25M (% M/M)
[10:01] {nemo} invalimudated hgsi
[10:01] {Les} ty dino
[10:01] {dino} np
[10:02] {Threei} US) OCT HOUSE PRICE INDEX (M/M): 0.6% V 0.2%E
[10:02] {Threei} see if HGSI reestablishes
[10:03] {Threei} maybe initial reaction on numbers subsides, then order restores itself
[10:03] {strider} pls repeat hgsi call.
[10:03] {magoo} caufht some .94 rmbs'
[10:03] {Threei} .75 break if stays above .65
[10:04] {strider} thx
[10:04] {Threei} RIMM is dying
[10:04] {Threei} nemo was right
[10:04] {nemo} likely next stop .15
[10:05] {nemo} HGSI back
[10:05] {nemo} bigger stop though
[10:05] {ese} l aig .50
[10:06] {magoo} i midssed .50 went for it
[10:06] {ese} out aig .74 +.24
[10:06] {fernp} valid HGSI here, Vad?
[10:06] {ese} i just barely got in myself
[10:07] {Threei} I think so
[10:07] {Threei} .60 is more pronounced support
[10:07] {fernp} ty
[10:07] {Threei} maybe drop size a bit and keep stop under .60...
[10:07] {fernp} VMED 1:1
[10:07] {Threei} yup, nice find
[10:09] {fernp} not filled here, tried .77 :-(
[10:10] {Threei} 1:1 for .65 stop
[10:10] {Les} ty vad
[10:10] {Threei} thank nemo
[10:10] {nemo} :)
[10:10] {Threei} his find, I just provided running commentary
[10:10] {Les} no, piss off
[10:10] {Les} :)
[10:10] {nemo} with no typing mistakes either
[10:10] {nemo} You're on the list...in pen....Les
[10:11] {Les} ah the christmas list...
[10:11] {nemo} Ahhh....no...DPWFL
[10:11] {Les} ty Nemo
[10:11] {Threei} being on nemo's christmas list - can I think of anyhting more disturbing than this...
[10:12] {Les} shouldn't have taken eyes off ENOC. symmetric triangle did its thing...
[10:12] {Threei} ok mags, RMBS is over 24
[10:12] {magoo} out
[10:12] {Threei} I remove all responsibility from my shoulders from this point on
[10:12] {magoo} ty
[10:12] {Threei} :)
[10:12] {nemo} rmbs
[10:12] {nemo} sorry
[10:12] {fernp} BBY hod
[10:13] {ese} nvda going like crazy since nov 27
[10:13] {Threei} VLY Receives Approval From U.S. Treasury to Repay Its Remaining TARP Funds for approx $100.7M
[10:13] {fernp} WMT breaking hod
[10:14] {dino} enoc?
[10:15] {Threei} way too thin for me dino... not my cup of tea
[10:15] {nemo} hgsi again
[10:15] {Les} took my eyes off ENOC just after 10am.
[10:15] {Les} yeh it is thin
[10:16] {dino} 460k fat for me
[10:16] {dino} one more spike imo
[10:17] {fernp} ALL, Vad?
[10:18] {Threei} HGSI solidly over 1:1
[10:19] {Threei} sure fern
[10:19] {Threei} nice one
[10:20] {ese} mags....was there any news on aig this morning
[10:21] {magoo} i believe there was
[10:22] {ese} it's hangin up there pretty good like there has been
[10:22] {magoo} ya
[10:22] {Threei} wonders never cease:
[10:22] {Threei} OGXI Update: Thomas Weisel reiterates Overweight rating, price target $55 from $60
[10:22] {magoo} huh?
[10:26] {dino} dundee cuts to neutral
[10:27] {magoo} AIG dificult here
[10:27] {magoo} wants up, but
[10:28] {dino} ess
[10:29] {ese} ya ...i'm tempted mags....but will wait
[10:29] {nemo} ctxs short .50 if holds below .60
[10:29] {nemo} oops triggered
[10:30] {strider} iin .49
[10:31] {nemo} watch that volume strike strider if it gets by that support at .47 should be cool
[10:31] {strider} big buy at .44
[10:31] {strider} bid
[10:32] {strider} went away
[10:32] {nemo} see .42, that's at the 200 fwma
[10:33] {nemo} amzn looking short but big stop
[10:34] {nemo} partial strider
[10:34] {Threei} beasutofu;
[10:34] {Threei} beautiful too
[10:34] {strider} out in full.37
[10:34] {strider} thanks, nemo.
[10:34] {nemo} yw
[10:35] {strider} you are good for something, I guess.
[10:35] {nemo} You have no idea...
[10:36] {Les} AIG beginning to look like a short?
[10:38] {Threei} I don't see any setup on it eaither way
[10:38] {Les} yeh
[10:38] {nemo} amzn coming back to support
[10:40] {nemo} if it loses 135 could go to 134.25
[10:41] {dino} aixg stopped -.21
[10:41] {strider} looking to short HOG somewhere above 26
[10:43] {dino} scanners solid red
[10:45] {strider} DEER in the headlights, thin.
[10:47] {Les} FCX
[10:47] {strider} amzn holding well
[10:47] {nemo} drops .90 it's a short
[10:48] {nemo} was big offer at 135.04
[10:48] {strider} too big for me...but you're probably right.
[10:49] {Les} FCX short 78 break vad?
[10:49] {nemo} made a .15 range over last 8 minutes
[10:49] {nemo} excuse me, over 6 minutes
[10:49] {strider} good call, nemo
[10:50] {nemo} would be 1:1 on the short
[10:51] {nemo} fcx setting up a range, new resistance at .10, support at 77.99
[10:52] {nemo} 200 ma at .11
[10:53] {fernp} HGSI if breaks 30?
[10:53] {strider} RI
[10:53] {strider} MM new low
[10:53] {strider} RIMM
[10:54] {nemo} sorry, I missed that one
[10:54] {strider} well tighten up, nemo.
[10:54] {nemo} too many stocks, too few eyes
[10:55] {Threei} I'd like a bit more of consolidation fern
[10:55] {Threei} this is way too erratic
[10:56] {Les} rather ugly spike on hgsi
[10:56] {fernp} already in
[10:56] {fernp} out .10
[10:56] {Threei} then you have 1:1
[10:56] {nemo} rimm consolidating in range
[10:56] {fernp} lucky
[10:58] {magoo} rimm was 74 yesterday..it was 63 when annonvced..popped to 75
[10:58] {nemo} look for Rimm bounce aroud .15
[10:58] {patience} .
[10:59] {strider} that was a pointed remark.
[10:59] {Les} point taken
[10:59] {ese} aig ...everyready battery
[11:00] {nemo} bounced at .20 sorry
[11:00] {ese} l aig .82
[11:00] {Les} that's it, someone bounce Nemo from this room...
[11:00] {fernp} AET breaking lod
[11:01] {ese} out aig .90 +.08
[11:02] {ese} wow
[11:02] {dino} hk s enoc .30
[11:02] {nemo} if rimm gets through .15 it's clear sailing for almost 2.00
[11:02] {ese} smokers
[11:03] {dino} hl i mean
[11:04] {Threei} AIG pullback is coming
[11:05] {ese} not the way it's going today
[11:05] {ese} nowhere to get back in
[11:05] {Threei} oh well... not chasing anyway
[11:06] {ese} me either
[11:06] {fernp} AET looks nice if loses 34
[11:08] {Les} FCX
[11:08] {Les} about to break lod
[11:13] {dino} pwrd gap fill, sept
[11:14] {nemo} tight range amzn, large bid 134, not moving up with market
[11:15] {nemo} big offer 08
[11:15] {ese} aig short covering i guess
[11:16] {ese} panic short covering
[11:16] {magoo} bored traders gravitating to it
[11:16] {Threei} careful with this thing...
[11:16] {Threei} it was never an easy trader,
[11:16] {Threei} except that summer rally on it
[11:17] {Threei} and we are having another nice day today, this one is exactly what can ruin it
[11:17] {ese} you reering to aig
[11:17] {ese} referrng
[11:17] {Threei} yes
[11:17] {Threei} let me distrasct you for a minute instead
[11:17] {ese} ya definitely
[11:17] {Threei} just two for now, will add more later
[11:17] {Threei} http://www.realitytrader.com/photography/2009/12/christmas-lights.html
[11:18] {ese} thats why i took the quick hit.....i don't trust it
[11:18] {dino} wag hl l .70
[11:19] {ilana} are you long PWRD, dino?
[11:19] {dino} aixg hl l .23 last try
[11:22] {fernp} Vad, What is the correct stop for AET, .10 or .15,?
[11:22] {Threei} both are valid
[11:22] {Threei} even .05 is
[11:23] {strider} nice pics, vad. Is that your house?
[11:23] {Threei} yeah, and that's me on the top
[11:24] {strider} Don't let Bill Gates see this. He thinks he's got a house.
[11:24] {dino} not yet ilana
[11:24] {ese} l fitb.29
[11:25] {dino} ilana, not yet
[11:25] {dino} opps
[11:30] {nemo} amzn flirting with support again
[11:30] {dino} hl l pwrd .05
[11:31] {magoo} rimm holding in this mkt pllbk
[11:32] {dino} .87 stop
[11:32] {nemo} got volume spikes at support and re-test on amzn
[11:36] {magoo} look AIG now
[11:36] {magoo} brutal
[11:37] {Threei} it is
[11:37] {Threei} and worst thing is:
[11:37] {Threei} this level of which it dropped, was not any different from a few others before that didn't provide a drop
[11:38] {Threei} no tell where to continue pushing l.ong and where to go for reversal
[11:38] {dino} pwrd stopped -.27
[11:39] {fernp} PGF interesting
[11:39] {nemo} rimm might be offering a long here .75 break stop under .65
[11:39] {magoo} i had it long 29.60
[11:39] {magoo} it fell took me out 29.50
[11:40] {magoo} then blast off
[11:40] {magoo} i missed the entire ru
[11:40] {magoo} run
[11:40] {nemo} what time mags?
[11:40] {dino} aixg stopped -.25
[11:41] {ese} man....the spreads on fslr are crazy...always between .15 and .30 cents....can't believe i tried playing thqt thing at one time
[11:41] {magoo} 10:32 strid
[11:42] {dino} i pretty much suck today
[11:42] {magoo} worste stop i ever kept SIGH
[11:42] {nemo} yeah
[11:43] {magoo} see AIg hasnt run like this in 6 weeks...lulls u into not believing...then POW
[11:47] {fernp} AET 1:1
[11:47] {Threei} AET 1:1
[11:47] {Threei} lol
[11:47] {Threei} machine gun sound of your bid being hit alerted you to it?
[11:48] {Threei} or you don't use sound alert?
[11:48] {fernp} lol
[11:48] {magoo} luv that sound..cant trade with out
[11:48] {Threei} that was my gift to you mags
[11:48] {Threei} I totally love it
[11:48] {fernp} yes register cash (i thinhk)
[11:48] {magoo} it was I CANT without
[11:48] {Threei} ok... fern has his own
[11:50] {fernp} my sound is very similar to the sound you use in your videos
[11:50] {Threei} for executed orders?
[11:51] {fernp} y
[11:51] {Threei} ok... if you want to try the original, wistle... I'll send it to you :)
[11:51] {Threei} whistle
[11:51] {magoo} everyone should have it
[11:52] {magoo} its made dino DUCK and run for cover on huge blocks
[11:52] {Threei} how about I just upload it on the website
[11:52] {fernp} please, do it
[11:53] {nemo} check your mail Vad
[11:54] {nemo} I think your's is a camera click, Vad
[11:54] {Threei} http://realitytrader.com/vad/
[11:54] {Threei} scroll down to
[11:54] {Threei} click.wav
[11:54] {Threei} right click, save as
[11:56] {dino} met l off .60
[11:56] {magoo} vad, do u have to be in laser to use that?
[11:59] {Threei} hmm?
[11:59] {Threei} sorry, don't understand
[11:59] {magoo} can dino load that click to work with cyber?
[12:01] {dino} don't want it
[12:01] {fernp} if cyber allows link a sound whe your order is executed, then yes
[12:04] {Threei} yeah, it's just a sound file
[12:04] {Threei} whatever uses them can use it
[12:05] {strider} Are ECN limit orders executed by first-in-first-out?
[12:05] {strider} AET spike
[12:05] {fernp} look at AET, hit 1:1 and bounced
[12:07] {ese} l fitb avg .27
[12:09] {strider} stop DEER +.66, from yesterday.
[12:10] {fernp} gj
[12:11] {strider} :)
[12:11] {nemo} hey, dino, take a look at FDX
[12:11] {ese} nice one st.......
[12:11] {dino} hmmm
[12:12] {strider} vad, you're falling down on the job.
[12:12] {strider} Who's on TV?
[12:12] {Threei} hmmm
[12:12] {Threei} not on mine
[12:13] {nemo} Brittany Murphy?
[12:13] {magoo} news F vad
[12:13] {strider} Big O meeting with community bankers.
[12:13] {dino} dagny taggart?
[12:14] {Threei} nothing fresh
[12:14] {magoo} tyATHX
[12:17] {Threei} ahha!
[12:17] {Threei} guess who is on TV
[12:18] {nemo} Halle Berry?
[12:18] {Threei} you wish
[12:18] {magoo} rupert from survivor?
[12:18] {strider} Debra Kara Unger
[12:18] {dino} grrr pwrd
[12:18] {Threei} ummm... mags.... you stay away from me...
[12:19] {strider} At least it wasn't Richard from survivor.
[12:19] {strider} I think he's still in prison.
[12:19] {nemo} probably loving every minute of it
[12:20] {dino} lol
[12:20] {strider} ....and that's the long and the short of it.
06[12:20] * magoo slaps nemo around a bit with a large trout
[12:22] {strider} HGSI spike
[12:23] {dino} enoc stopped
[12:23] {strider} BRCD c&h daily, fwiw
[12:23] {strider} filled gap
[12:24] {magoo} MNKD
[12:24] {dino} rino hl l .88
[12:34] {fernp} PFG 1:1
[12:38] {strider} AET nice traingle
[12:38] {fernp} ALL 1:1
[12:49] {strider} VIX 19.86
[12:49] {nemo} aig
[12:55] {Threei} OGXI
[12:55] {Threei} OncoGenex Pharmaceuticals, Inc Update: Price Target raised to $56 from $40 at Wedbush, maintains Outperform rating
[12:55] {Threei} - Note: OGXI and Teva Pharmaceuticals agreed to a worldwide development and commercialization agreement for OGX-011 in the prostate cancer and non-small cell lung cancer settings.
[12:55] {Threei} - OGXI will receive a $60M upfront payment and is eligible to receive up to $370M in clinical, regulatory and commercialization milestones, as well as royalties on all sales in the mid-teens to mid-twenties (firm expects royalties to net out at approximately 20%). The $60M upfront payment includes $10M equity investment (at $37.38/share), a $20M cash payment and $30M in pre-reimbursement for OGX-011 development costs.
[12:56] {Threei} will we ever know what cut OGXI almost in half yesterday?
[12:57] {Threei} quite amazing, and maybe unprecedented: such drop with no apprent rteason and no even next day explanation
[12:58] {nemo} .75 imporant level for rimm...lotsa offers
[12:59] {strider} Apparently nothing other than that licensing deal.
[13:04] {nemo} amzn forming a concentric triangle
[13:07] {fernp} airlines happy UAUA, CAL, AMR, LCC, SKYW
[13:07] {Threei} DAL
[13:08] {fernp} dont forget JBLU
[13:12] {Threei} Senator Nelson: HHS' Inspector General has agreed to look at prescription drug price increases (related PPH )
[13:14] {strider} long OXGI .72
[13:14] {strider} for longer term hold
[13:17] {fernp} OGXI
[13:17] {fernp} longer term? till the end of the session? :-)
[13:20] {strider} till the end of time.
[13:20] {strider} for a swing trade.
[13:20] {fernp} i know :-) HIG .20 break, Vad?
[13:21] {Threei} if you are up to struggle for 5 cents
[13:21] {fernp} if the stop is 5 cents too. why not? :-)
[13:22] {strider} OGXI is going momo
[13:22] {Threei} strider... swing trade may be coming to an end {G}
[13:23] {strider} I'll take 26 bucks for mine. :)
[13:24] {strider} here comes 23
[13:24] {fernp} WFC a bit more active then HIG
[13:24] {fernp} than
[13:25] {nemo} V short if it breaks .95 stop .00 will need market help
[13:26] {strider} FSLR
[13:31] {nemo} v invalidated
[13:39] {nemo} v back in the range
[13:40] {magoo} wat we looking ayt vad?
[13:41] {Threei} nothing right now
[13:42] {Threei} but will start trying to find something soon
[13:42] {fernp} WFC 1:1
[13:43] {magoo} keep eye on ATHX
[13:43] {magoo} RDN
[13:43] {magoo} AIG
[13:43] {magoo} 3..1 for each eye
[13:44] {Threei} hmmm
[13:44] {magoo} vad, dcc
[13:50] {fernp} 1:1 HIG
[13:51] {fernp} what happening? nine trades today and not a single stop? something is wrong... :-)
[13:52] {Threei} sure is
[13:52] {Threei} what kind of trading is this
[13:53] {Threei} you need to stop it immediately
[13:53] {fernp} lol
[13:55] {strider} I'm 3 for 3, and kinda just cruising for now.
[13:55] {strider} fern.....my hero.
[13:56] {fernp} me? nemo is the hero here
[13:56] {nemo} anti-hero
[13:56] {strider} gyro.
[13:56] {nemo} yeah, arguably I spun out of orbit a long time ago
[13:57] {strider} I was likening you to a greek sandwich.
[13:57] {nemo} yeah, sheep meat
[13:57] {strider} always back to sheep, huh?
[13:59] {nemo} wasn't me that mentioned gyros
[14:00] {strider} I can't deal with this woolly thinking.
[14:01] {Threei} US) California Association of Realtors: Nov home sales +4.7%; Median price +5.8%
[14:01] {Threei} - inventory of homes to 4.5 months of supply
[14:02] {strider} OGXI may be gearing up for another run.
[14:03] {lasertrev} strider dcc
[14:03] {Threei} this is quite something:
[14:03] {Threei} http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
[14:04] {dino} met stopped flat
[14:09] {nemo} amzn flirting again with .60...big bid
[14:09] {strider} HIG at hod
[14:10] {nemo} huh, maybe your HOD
[14:10] {Threei} (CH) US Trade Representative: Chinese trade moving towards more restrictive practices; raise questions about commitment to WTO
[14:10] {Threei} - will use US trade laws to preserve US interests against Chinese import surges.
[14:10] {Threei} - hoping to continue progress with China on trade issues in 2010.
[14:11] {strider} 23.35 on LVL 1
[14:11] {strider} I was speaking generally...not at exact cent.
[14:11] {nemo} 10 minutes ago...sheesh :)
06[14:12] * strider slaps nemo around a bit with a large sundial
06[14:12] * nemo slaps strider around a bit with a large Mickey Mouse Watch
[14:13] {nemo} well, I think amazon goes to .25
[14:13] {nemo} then maybe to .76
[14:14] {strider} Are you trading AMZN or just irritating it?
[14:15] {nemo} traded it earlier on a short under 135
[14:15] {strider} still holding?:)
[14:15] {nemo} no
[14:18] {strider} ADM: U.S. finds salmonella in Canada canola meal shipped by Archer Daniels subsidary
[14:18] {strider} This is being reported by Reuters, citing FDA records
[14:18] {strider} All you canola canucks, be careful.
[14:18] {nemo} gag
[14:19] {strider} did you get some too?
[14:19] {nemo} no, your sense of humor
[14:19] {strider} That wasn't humour. That was alliteration.
[14:20] {nemo} A witty attempt at humorous alliteration then
[14:20] {Threei} you guys make me feel better abiut my sense of humor
[14:21] {nemo} What sense of humor?
[14:21] {strider} aw, no need for that, vad.
[14:21] {Threei} keeping an eye on OGXI
[14:22] {Threei} if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[14:22] {nemo} Ho Ho Ho
[14:23] {nemo} rimm coughing up the furball again
[14:30] {nemo} look at RIMM .44 level
[14:31] {nemo} so much for that
[14:33] {nemo} look at the volumes
[14:40] {dino} met l .51
[14:41] {dino} sm l v .10
[14:42] {dino} fdx lod
[14:45] {magoo} aig
[14:46] {Threei} probably deserves a chance onn .10 break
[14:47] {nemo} double top at .15
[14:47] {Threei} first top being two hours ago??
[14:47] {Threei} nah
[14:47] {Threei} lost support anyway... moot point
[14:56] {nemo} you in aig mags?
[14:56] {magoo} yup
[14:57] {nemo} where?
[14:57] {magoo} .10
[14:57] {fernp} ACI and MEE look fine for a scalp
[14:59] {strider} HIG
[15:00] {Threei} 1:1
[15:00] {Threei} LULU
[15:01] {Threei} Ticks up after CNBC guest James Altucher of Formula Capital recommends the stock into year end
[15:01] {strider} good idea.
[15:04] {magoo} that sucked
[15:04] {magoo} hate aug
[15:05] {strider} I think the feeling is mutual, mags.
[15:07] {fernp} AKS trying to break .70 with a nice daily
[15:09] {strider} OGXI trying again.
[15:09] {Threei} US Senate determines vote for Health Care reform bill to take place at 8:00am ET on Thursday, Dec 24
[15:11] {strider} new high
[15:13] {magoo} ogxi vad?
[15:15] {Threei} 14:21] {Alert} Threei keeping an eye on OGXI
[15:15] {Threei} [14:22] {Alert} Threei if it turns back up from here, consolidates a little under 23 and breaks it, should be good for another merry run
[15:15] {Threei} feels like preparing
[15:15] {Threei} 23 rejects it, it returns right back
[15:16] {Threei} bodes well for a break-and-run
[15:21] {magoo} where the pllnbk entry vad?
[15:21] {Threei} I have no idea
[15:21] {Threei} you are pushing it mags
[15:21] {Threei} look at the volumes
[15:21] {Threei} look at the activity
[15:21] {Threei} or lack thereof
[15:22] {Threei} these days work for us exactly because we stay nimble
[15:22] {magoo} gotcha, not in iyt
[15:22] {Threei} start squeezing trades and you will be buried under stops
[15:22] {magoo} ya ya
[15:22] {magoo} (blood diamond)
06[15:22] * strider slaps magoo around a bit with a large bottle of valium
[15:23] {magoo} "in the states its bling bling luv..here it bling BANG"
[15:23] {strider} going from AIG to OGXI is quite a change:)
[15:29] {strider} Anybody here ever traded the vix?
[15:31] {dino} no
[15:31] {strider} I guess it's pretty, uh........volatile.
[15:33] {Threei} well
[15:33] {Threei} will it or will it not
[15:34] {strider} market just hasn't realized how incredibly valuable this stock is.
[15:35] {Threei} uhhu
[15:35] {Threei} it has whole 4 letters
[15:35] {nemo} frickin lulu
[15:43] {dino} out wag .88, +.18 all day
[15:48] {dino} out met +.04
[15:48] {nemo} paint dry yet?
[15:48] {Threei} CLNE second day climb
[15:52] {nemo} Mmmmhhhhhh RIMM finishing near the low of the day???
[15:53] {Threei} too bad we are so close to eod
[15:53] {Threei} both LULU and OXGI look likel ready for another leg
[15:54] {nemo} yeah, and rimm will gap down big overnight
[15:54] {strider} LULU waits for no man.
[15:54] {Threei} there you go LULU
[15:54] {strider} maybe they'll gap up tomorrow.
[15:54] {Threei} I prepared:
[15:54] {Threei} and there you go OGXI
[15:55] {Threei} and waiting to use it
[15:55] {strider} save it till morning.
[15:55] {Threei} 5 minutes still
[15:55] {nemo} whoa rimm
[15:55] {Threei} yeah
[15:55] {Threei} what was it about furball
[15:56] {Threei} or hairball
[15:56] {nemo} yep.
[15:57] {Threei} our consistency is quite amazing these days
[15:57] {nemo} big buying this level rimm
[15:57] {nemo} new low though
[15:57] {strider} don't say that, vad. Say...back to normal consistency.
[15:58] {Threei} yes,
[15:58] {Threei} I mean for this low volume holiday trading
[15:58] {strider} ah
[15:58] {Threei} normal consistency is very abnormal
[15:59] {Threei} okay guys
[15:59] {Threei} thank you all
[15:59] {Threei} have a great evening
[15:59] {nemo} gnite
[15:59] {Threei} see you tomorrow
[15:59] {strider} thank you , vad.
[16:00] {dino} out v .25, +.15