Dec 29 2009

Volume is half of average again. What we found mostly worked but finding something is a challenge.

Session Time: Tue Dec 29 00:00:00 2009

[07:38] {Threei} 7:00:31 AM

[07:38] {Threei} VIVUS, Inc Submits Qnexa(R) new drug application to FDA for treatment of obesity

[07:38] {Threei} - Submitted new drug application to the FDA seeking approval of Qnexa, its investigational drug for the treatment of obesity, including weight loss and maintenance of weight loss, in patients who are obese or overweight with co-morbidities such as hypertension, type 2 diabetes, dyslipidemia or central adiposity.

[08:11] {Threei} BofA/Merrill Lynch cutting Q4 EPS est to $5.74 from $6.57 (prior); Cuts MS Q4 EPS est to $0.40 from $0.47 (prior)

[08:11] {Threei} - Firm is cutting JPM Q4 EPS est to $0.68 from $0.71

[08:11] {Threei} - Firm maintains C Q4 EPS est $0.36

[08:35] {ese} good morning

[08:35] {Threei} ese :)

[08:35] {nemo} dude

[08:35] {ese} dude....vad

[08:37] {strider} morning.

[08:37] {ese} st

[08:37] {Threei} strider :)

[08:37] {strider} hey there.

[08:37] {strider} how are you handling CGEN?

[08:38] {strider} iow, are you still holding?

[08:38] {Threei} dumped in 30s when it climbed there just before 8

[08:38] {Threei} kind of: got my gap, but since bought a bit too early it didn't do me much good

[08:39] {Threei} if I were smart, I'd took b/e stop on second lot yesterday and rebought right into close

[08:39] {Threei} which would have worked perfectly

[08:58] {Les} .

[08:59] {magoo} morning

[08:59] {Threei} good point

[08:59] {Threei} mags

[08:59] {magoo} surprised CGEN neg

[08:59] {Les} hi. connection problems with IB

[08:59] {Threei} went to .35 earlier

[09:00] {magoo} u flippij it?

[09:00] {Threei} still... not as much enthusiasm as it desewrved

[09:00] {Threei} will keep an eye on it throughout the day

[09:00] {Threei} may get some spark

[09:00] {magoo} agree

[09:00] {Threei} *OCT S&P/CASE-SHILLER HOME PRICE INDEX: 146.58 V 147E; COMPOSITE-20 INDEX (Y/Y): -7.28% V -7.2%E

[09:01] {Threei} in holiday's trading traders often are looking for some name to try and run

[09:10] {dino} gm all

[09:10] {dino} had a livermoore moment, out aixg .925 ave, +.875

[09:11] {Threei} dino :)

[09:11] {ese} dino

[09:11] {ese} nice way to start the day there dino

[09:12] {Threei} let's also keep an eyer on VVUS

[09:12] {Threei} submitted FDA application for its obesity drug

[09:12] {Threei} which was louded to be a solution to all humanity ills

[09:13] {Threei} well, most of them

[09:13] {ese} man.....try exercise for crying out loud

[09:13] {Threei} traded at 10.20 earlier

[09:14] {Threei} exercise is not really an option if one's butt sprouted roots in one's couch, ese

[09:14] {Threei} and that can be said about significant part of population

[09:14] {Threei} so... that's where VVUS comes in :)

[09:15] {nemo} yeah, natural selection doesn't apply to humanity

[09:15] {nemo} Devo was right

[09:15] {Threei} not with all the achievemnt of modern dug uindustry

[09:15] {Threei} drug

[09:15] {nemo} war had more to do with it

[09:15] {dino} thx es, got lucky

[09:15] {nemo} the healthiest males were conscripted

[09:15] {nemo} that left the weak ones behind to breed

[09:15] {Les} I for one would welcome masseuse robot. I

[09:16] {nemo} they'll never be any good Les

[09:16] {dino} me too

[09:16] {Les} while sitting in chair 8 hours straight

[09:16] {Les} why not? I have vacuum robot. does a decent job...

[09:17] {nemo} massage is not only a technical discipline, but one of sensitivity

[09:17] {Threei} you mean vacuuming requires no sensitivity?

[09:17] {nemo} you can go to a technically trained masseuse/masseur, but if they don't have the hands for it, they suck

[09:18] {Les} so japanese companies should get busy making sensitive robots!

[09:18] {dino} set for 6th gap up day in row, only 4th time in s/p history

[09:18] {Les} make me a sensitive wife while you are at it.

[09:18] {nemo} depends on what it's sucking up Vad.

[09:18] {fernp} Good morning everybody

[09:18] {Threei} fern :)

[09:18] {dino} happy ending, lol

[09:18] {Les} fern

[09:18] {nemo} that's a skill too, dino

[09:19] {ese} speaking of exercise...i left early yesterday because i had a tee off time at the private golf club(Uplands GC) beside patience's place....when i got to the 17th tee over looking the Landsdown slope....i'd thought about taking my 4 iron and lobbing a golf ball into her back yard........fabulous view from up there......

[09:19] {dino} roflol

[09:20] {dino} while i sit in 10 degree f snowy conditions

[09:20] {patience} ihave a supply of gold balls in the garage....don't know why i collect them :)

[09:20] {patience} golf

[09:20] {patience} wish they were gold

[09:20] {Les} well at least you didn't think of putting it through her bathroom window

[09:21] {ese} would have been a thing of beauty watching my Titlelist pro v1x golf ball sail through the air and land in her back yard

[09:21] {patience} and you would have got it back if you braved the puppy

[09:22] {ese} ahhhhhhhh morning patience.........thought that episode would get your attention........you should be a member at Uplands

[09:23] {patience} great uncle founded it.....does that count?

[09:23] {ese} then i could golf there for less money with you

[09:23] {ese} really?..........wow

[09:27] {ese} http://www.uplandsgolfclub.org/ ..........you can take a tour of the golf course

[09:28] {Les} VVUS looking close to b/o?

[09:29] {Threei} as much as premarket can be indicative

[09:29] {Threei} which is to say, not that much

[09:29] {nemo} especially this week

[09:30] {Threei} true... we seriously luck players

[09:30] {Les} k

[09:30] {Threei} 50% volume...

[09:30] {nemo} crissakes aig is trading by appointment

[09:30] {Threei} yeah, quite amazing to see

[09:31] {nemo} amzn puts on a buck in less than a minute

[09:32] {strider} VVUS still .15 range

[09:32] {fernp} remember my AEOs? selling the gap +.24

[09:32] {Threei} wtg

[09:32] {fernp} ty

[09:33] {nemo} stec been strong lately

[09:33] {dino} lol,lucky out fsys ave .48, +.48

[09:33] {Threei} barely managed to type Rimm .40

[09:33] {Threei} and darn thing was above .50 already

[09:33] {nemo} need skype vad

[09:34] {Threei} AONE

[09:34] {Threei} no news that I see

[09:34] {Les} damn fcx just kicked the bucket

[09:35] {fernp} no news here AONE

[09:37] {fernp} FRE and FNM traded w/unusual volume yesterday fwiw

[09:38] {Les} GLD fell of a cliff. FCX is likely to follow. .35 b/d if further consolidation occurs vad?

[09:38] {nemo} they are going to begin massive reworks of mortgages

[09:38] {Les} too late

[09:38] {nemo} might bounce at .16 Les

[09:38] {Threei} not a very good setup anyway

[09:38] {nemo} or slightly above .20

[09:39] {dino} govt unlimited backing of fnm, fre for 3 years. removed the 200b cap

[09:40] {Threei} US Economist Case: Housing showing signs of life (related XHB )

[09:41] {Threei} Spot gold sprice action softer on option relation flows; tests $1,100/oz - traders

[09:41] {nemo} price improvement only 11 of 20 metropolitan areas

[09:43] {Threei} Long Setup: RIMM .30 break

[09:43] {Threei} if holding asbove .20

[09:43] {Threei} uhhu

[09:43] {nemo} not my cup of tee but amzn might be a short

[09:43] {Threei} what's with CHKP

[09:43] {nemo} cold weather

[09:44] {magoo} aone

[09:45] {fernp} CAT at the level we shorted yest

[09:46] {strider} RIMM still valid?

[09:46] {fernp} and HIG at 24

[09:46] {Threei} kidding?

[09:47] {nemo} fcx

[09:47] {strider} it eas below .20 when I first saw it.

[09:47] {strider} didn't understand

[09:47] {Threei} Long Setup: CHKP .50

[09:47] {Threei} stop under .40

[09:48] {magoo} in

[09:50] {magoo} man AIG pummeled

[09:51] {Threei} thought of AONE at .15, then decided it was too much even for magoo

[09:51] {magoo} never think that

[09:51] {Threei} I won't

[09:51] {Threei} now, where is that GOOG

[09:51] {magoo} instead, warn me off chkp

[09:52] {nemo} joyg

[09:52] {Threei} Long Setup: RIMM .10

[09:52] {Threei} if holding above 68

[09:53] {Threei} double bottom agressive entry

[09:53] {magoo} i

[09:53] {magoo} in

[09:53] {dino} gpre last couple days?

[09:55] {Threei} no news dino

[09:55] {dino} not here either

[09:55] {Threei} (US) Preview: Dec Consumer Confidence due out at 10:00ET

[09:55] {Threei} **consensus expectation: 53.0e v 49.5 prior (most estimates range between 50 to 55).

[09:55] {Threei} **Note: Confidence was last above the 50 level back in Sept.

[09:56] {Threei} let's tighten CHKP to under .45

[09:56] {magoo} im out

[09:56] {magoo} - .01

[09:56] {magoo} tight stop

[09:56] {ese} can i get your 2 cents on HIG vad

[09:56] {Threei} I'll say

[09:56] {magoo} ah, loses .50 not interested

[09:57] {fernp} NANO rumor

[09:58] {dino} meli drop

[09:58] {Threei} numbers in 2

[09:59] {Threei} RIMM 1:1

[09:59] {Threei} have you ever seen this stock taking this long to move 10 cents?

[10:00] {Threei} *(US) DEC CONSUMER CONFIDENCE: 52.9 V 53E

[10:00] {Threei} - prior revised from 49.5 to 50.6

[10:00] {Threei} **Conference Board:

[10:00] {Threei} - Jobs hard-to-get ind...more... (related SPY SHY EUR/USD RTH )

[10:00] {nemo} yesterday

[10:00] {nemo} wow, what a beat

[10:00] {nemo} cough

[10:01] {Les} lucky. out RIMM +.13. Thought it was going to crap itself on numbers release

[10:01] {Les} ty vad

[10:01] {dino} gj

[10:01] {ese} no reaction from market

[10:02] {nemo} it basically met expectations

[10:04] {Les} FCX might be consolidating for an eventual .30 b/d

[10:05] {nemo} cat too

[10:05] {fernp} SOLR too

[10:05] {Threei} Short Setup: CAT .60 break

[10:07] {nemo} might want to partial at yesterday's close

[10:07] {fernp} stop is .70 , no?

[10:08] {Threei} depends on what you want from life

[10:08] {Threei} 3 levels, all 3 are valid

[10:08] {Threei} .65 for extreme scallpers, I am not too fond of this level pes\rsonally

[10:08] {Threei} .70 and .75 make more sense

[10:09] {fernp} ty

[10:09] {Threei} FCX suddenly decided life is not over

[10:10] {Threei} SGMO Strength attributed to NY Times science article published 12/28 being circulated which discusses SGMO technology for editing DNA strands (5.47, +0.31, 6.01%)

[10:10] {magoo} aone

[10:11] {nemo} fcx probably goes to .40

[10:12] {fernp} WMT, Vad?

[10:12] {Threei} nah

[10:12] {fernp} k

[10:12] {Threei} narrow as my perspectives to run for public office in Guatemala

[10:13] {Les} GLD reversing off 200 ma

[10:14] {dino} ipsu

[10:17] {Threei} volume shapes up right on CAT

[10:18] {Threei} just needs little market help

[10:18] {ese} dino ...you watching aixg per chance

[10:18] {Threei} isn't it amazing - stocks we could barely keep up with, like RIMM, CAT etc, have hard time moving 10 cents these holiday days

[10:19] {Threei} larisa was so right making it a vacation... and privately calling me stupid for not dpoing the same

[10:19] {Les} am enjoying tightening up my game with few plays available.

[10:20] {nemo} fcx may be setting up a short if stays under .15, trigger break of .05

[10:20] {dino} fds sm l .90 thin

06[10:20] * Threei sends CAT an envelope with black mark

[10:21] {nemo} fcx 1:1

[10:22] {nemo} stopped

[10:22] {Threei} nemo makes my eyes water

[10:23] {Les} what's your take on CAT Vad? scalp only?

[10:23] {Threei} mosdt likely...

[10:23] {Threei} setup is good,

[10:23] {Threei} it's just that today not much looks like anything worth more than a scalp

[10:24] {Threei} and no nemo, I am not comparing you to onion

[10:24] {Threei} it's tears of pride and happiness

[10:25] {Threei} (and dubious sense of humore of course but then again, you knew that)

[10:25] {fernp} Guatemala is waiting your arrival, Vad WMT hit 1:2

[10:25] {Threei} lol

[10:25] {nemo} naturally, anyway, this is yesterday's close on cat, careful

[10:25] {Threei} I honetly didn't believe it could move that much that fast fern

[10:26] {nemo} fcx setting up a switch hitter

[10:26] {Threei} CAT 1:1, for all practical intents and purposes

[10:27] {Les} ok. out at .51

[10:27] {fernp} out CAT ty

[10:27] {Threei} sure

[10:27] {Threei} bread crumbs

[10:27] {Les} talk about scrappy fighting for a measly ten cents

[10:27] {nemo} Gawd...I wonder what lunchtime will be like?

[10:27] {Threei} the same, only fighting for 3 cents {G}

[10:28] {Threei} but come on guys

[10:28] {magoo} depends what u eat lol

[10:28] {Threei} it is what it is

[10:28] {Threei} safe, calm, slow

[10:28] {dino} noodle soup

[10:28] {Threei} made something - good, no matter what it is

[10:28] {Threei} lol magoo

[10:28] {Les} fcx b/d .90?

[10:29] {Threei} stop would have to be .05

[10:29] {nemo} no setup yet Les, it's doing a fandance

[10:29] {Les} fandance?

[10:29] {nemo} tease

[10:30] {nemo} fandancers were from the burlesque era. The fans were opaque, and the women without clothes

[10:30] {nemo} fcx is teasing

[10:30] {Threei} ok nemo

[10:30] {Threei} you are coming to Bahamas

[10:31] {nemo} o

[10:31] {nemo} no

[10:31] {nemo} unfortunately

[10:31] {Threei} yes

[10:31] {nemo} I understand your concern

[10:31] {Threei} your depth and more importantly direction of knowledge makes you a necessary part of it

[10:32] {dino} pwrd gap fill from wed close

[10:35] {Threei} CAT 1:1 for the widest stop

[10:35] {fernp} we talked yest about sado and you weren't here Nemo

[10:35] {fernp} we missed you

[10:35] {ese} if aig puts in triple bottom here on 1 min ch ....i'm going long

[10:35] {nemo} about what fern?

[10:36] {Threei} mazo

[10:36] {ese} he can go long too

[10:36] {nemo} SFD! got shaken out of FCX short by .02 cents!

[10:37] {Threei} how?

[10:38] {Threei} it never went over .05

[10:38] {nemo} yeah, it did

[10:38] {ese} aig invalidated.....like everthing else today

[10:38] {dino} argn

[10:38] {nemo} after 1:1 it hit .08

[10:39] {Threei} I am talking asbout setup les suggested

[10:39] {Threei} .90 short

[10:39] {Threei} .05 resistance for stop placement

[10:39] {nemo} oh, I was talking about my previous short

[10:39] {Threei} I see

[10:40] {Threei} you took it Les?

[10:40] {Les} saw it coming at 10:34, but was needed elsewhere

[10:40] {nemo} RIMM 68 break, stop under .90

[10:43] {dino} meli sm l .50, gapped thro bid

[10:44] {Les} damn. fighting for scraps in CAT and then it tanks. go figure.

[10:44] {dino} .51

[10:45] {dino} stop is .18 fwiw

[10:45] {dino} argn strange

[10:47] {Les} GLD 108 b/d?

[10:47] {Les} .20 stop?

[10:47] {Threei} totally

[10:47] {Threei} .10 stop is possible too

[10:48] {Threei} more chances of being hit, smaller loss

[10:48] {Threei} tradeoff

[10:48] {nemo} crissakes it's only 10:50

[10:49] {Threei} but feels like life is almost over?

[10:49] {dino} meli stopped -.32

[10:50] {Les} took it for .10 ty

[10:50] {fernp} good read Les

[10:50] {Threei} 1:1

[10:50] {Threei} things start clicking Les?

[10:50] {Les} aggressive entry .03

[10:50] {magoo} trev, DCC when u get a sec

[10:51] {Les} yes. often slightly negative in money. but point wise daily trading is improving.

[10:51] {dino} wtg

[10:52] {Threei} that;s the way it progresses

[10:52] {Threei} monetary part will come

[10:52] {Les} yeh remember you writing that

[10:53] {dino} vad wries?

[10:53] {dino} writes?

[10:53] {Threei} someone reads??

[10:53] {nemo} stop rimm

[10:55] {dino} darn meli

[10:55] {dino} pwrd sm l .65

[10:55] {Les} my sister reads. Gave her MPP. apparently it matches the colour of her coffee table

[10:57] {nemo} fdx has been a steady grind upward

[11:01] {dino} argn hl l .23

[11:03] {fernp} SBUX downgraded

[11:06] {nemo} anybody for amzn short break .20

[11:06] {nemo} stop .40?

[11:07] {nemo} of course, this one could actually go the reverse also

[11:07] {Les} Vad, CAT two way break ok with you?

[11:07] {Les} .25 b/d and .35 b/o?

[11:08] {Threei} can't tell really

[11:08] {Threei} as we near lunch tiome, it may just as well stay locked

[11:08] {nemo} yeah, does lunchtime become expanded

[11:08] {Les} ah ok

[11:08] {Les} well I've been invited for drinks, so I might call it a day.

[11:09] {Les} night all.

[11:09] {nemo} amzn slightly broke the stop on the short and then triggered

[11:09] {nemo} treachorous waters

[11:09] {Threei} take care Les

[11:09] {dino} cya les

[11:09] {nemo} drink more les

[11:09] {fernp} bye les

[11:10] {dino} abax

[11:11] {fernp} AIG interesting if breaks lod

[11:12] {Raven} drink more les ... hmmmm

[11:12] {nemo} like that one Raven :)?

[11:12] {dino} les is more

[11:12] {ese} hmmmmm your all still here........i actually dozed off......anything new

[11:12] {Raven} it has a certain appeal ...

[11:13] {dino} nada es

[11:13] {dino} ipsu breakdown in making possibly

[11:15] {ese} wheres Les going for drinks.....lets join him

[11:16] {dino} bit early

[11:17] {nemo} more so for ese than us dino

[11:18] {dino} yes, but still.....

[11:18] {ese} 8:18 am here..........no time like the present.....still christmas holidays for vad patience and me

[11:18] {nemo} it's all relative and we're not talking strider's dates

[11:19] {dino} roflol

[11:19] {dino} zinger

[11:19] {nemo} yep

[11:19] {nemo} he must not be paying attention

[11:20] {fernp} lol

[11:20] {dino} on his waybto your house

[11:20] {nemo} that's a 16 hour drive

[11:22] {nemo} that's funny, aig bounced off a support line, and I can't remember why I drew it there

[11:23] {Threei} because you had a crayon?

[11:23] {nemo} nope

[11:24] {dino} argn to flat

[11:25] {nemo} gld at support

[11:26] {nemo} or bounced at .45

[11:26] {ese} L bstop cbak .51 rumors re goog's smart phone....gonna supply the batteries

[11:27] {dino} pwrd stuck, stop to .58

[11:29] {patience} .

[11:29] {dino} ar(o)gn, tear down that .39 wall

[11:30] {dino} watched lord of the rings over weekend, can you tell

[11:30] {nemo} all three?

[11:30] {dino} yes, over 3 nights

[11:31] {nemo} Jackson did such a great job

[11:31] {dino} good flicks

[11:33] {dino} argn to .39

[11:35] {dino} to .44

[11:35] {dino} stingy

[11:37] {dino} to .47

[11:38] {ese} zzzzzzzzzzzzzz98lkjlk gafkakakaaaaaaaaaa....zzzzzzzzzzzzzzzzzzzzzzzz

[11:38] {dino} out .49, +.26

06[11:38] * Threei wears his decoder ring

[11:39] {dino} pwrd stopped -.11 ave

[11:41] {dino} pot blood

[11:42] {Threei} if this holds true for most states, it could be political relief reshaping:

[11:42] {Threei} Health Care Vote Puts Nelson 30 Points Down in Reelection Bid

[11:43] {ese} whos Nelson?

[11:43] {nemo} senator

[11:43] {Threei} her isd Nebraska senator,

[11:44] {ese} Dem or Rep?

[11:44] {Threei} he made a deal to vote yes on current helath care deal

[11:44] {Threei} dem

[11:44] {nemo} pinko commie

[11:44] {ese} never understood the pinko part...............red yes but pinko?

[11:44] {dino} good, the plan is junk

[11:45] {nemo} Nebraska is a fairly conservative state, and they don't like shady deals

[11:45] {dino} slang

[11:46] {ese} for what?

[11:47] {dino} ladeeda, yadda, yadda

[11:47] {ese} ahhhhhhh

[11:47] {dino} making this stuff up for you

[11:48] {dino} kye drop, thin

[11:49] {fernp} CBG nice consolidation on hod

[11:49] {fernp} and daily not bad

[11:54] {ese} oh my god!!!!!! some excitement ......L cbak .517733

[11:54] {dino} nwpx

[11:55] {fernp} nothing moves

[11:55] {nemo} fern...watch fcx, forming tight range,

[11:56] {fernp} short or db? what do u think?

[11:56] {nemo} volume looks like a long

[11:56] {fernp} yeah

[11:57] {nemo} and .16 was pivot

[11:57] {nemo} lunchtime

[12:00] {ese} now see what rumors can do......

[12:01] {ese} if this can just make it to 3...........hmmmmmmmm

[12:09] {fernp} CBAK 3 today?

[12:10] {Threei} rumor...

[12:10] {Threei} CBAK Strength attributed to rumor CBAK battery product could be used in a Google smart phone model due out in 2010

[12:10] {ese} wishfull thinking

[12:13] {strider} FCX

[12:13] {nemo} should bounce around here

[12:15] {magoo} any read STEC vad?

[12:16] {Threei} short if anything... but more like 50/50 here

[12:16] {ese} stop for cbak is .49721 by the way

[12:16] {dino} sm l nwpx .52 wide, gappy

[12:17] {magoo} AWIA?

[12:17] {nemo} coma

[12:18] {ese} all the cbak employees just getting off for lunch right here.....need to capitolize on insider rumors

[12:19] {ese} everyone rushing to there brokers..........

[12:24] {ese} out 1/2cbak 5k .60 +.08 balance to break even

[12:25] {ese} heres where vads genious takes over........this is free money

[12:26] {Threei} genius eh

[12:26] {Threei} yup, that would me

[12:26] {Threei} would be

[12:26] {Threei} I also am in running for the title of the most humble person of the year

[12:26] {ese} lol

[12:27] {Threei} and keep in mind,

[12:27] {Threei} I won the title of the most peaceful person of the year by killing all my nearest competitors

[12:27] {nemo} reminds me...have to change over magazines

[12:28] {Threei} nah, don't look for me in "those" magazines

[12:28] {nemo} that's not what I was referring to...

[12:28] {ese} am gonna exit ater .63 it's struggling at this level

[12:29] {Threei} here goes spike for you

[12:30] {ese} out in full cbak .66 +.14 on remaining 5k

[12:31] {dino} nice

[12:31] {ese} tks

[12:31] {ese} good things come to those who wait i guess

[12:32] {ese} by the way......i tried to get that most peaceful person award as well but couldn't get rid of enough neighbors

[12:32] {Threei} even better things come to those who wait for those who wait to get their good things, then jump out and take those things from them

[12:32] {ese} rotflol

[12:33] {Threei} can you tell I am bored out of my mind?

[12:33] {dino} think they are called politicians

[12:33] {Threei} lol

[12:33] {ese} ah huh!

[12:37] {Threei} FCEL Fuel cell firms trading higher, being attributed to article in Washington Times quoting FCEL exec stating the company is working "closely" with Congress to get subsidies for the industry in order to help boost US demand for the technology

[12:40] {fernp} ADBE interesting if breaks .25

[12:41] {nemo} there ya' go

[12:41] {nemo} vaya con adbe

[12:41] {fernp} vaya vaya

[12:43] {nemo} ahhh fern...careful

[12:43] {fernp} with?

[12:43] {nemo} adbe

[12:43] {fernp} ah

[12:44] {nemo} where's your stop

[12:44] {nemo} market picking u though

[12:44] {fernp} 1:1 is .30

[12:45] {fernp} out .31

[12:45] {nemo} nf

[12:46] {magoo} .

[12:50] {magoo} read RIMM vad?

[12:50] {Threei} I'd wait a bit,

[12:50] {fernp} CBG interesting too

[12:50] {Threei} let it move couple times between .60 and .75

[12:51] {magoo} read FCX?

[12:51] {Threei} then try to nail a break when/if market wakes up

[12:51] {Threei} most likely on a long side

[12:51] {Threei} FCX, not yet

[12:51] {Threei} in FCX, here is what I'd be lookjing for

[12:51] {Threei} dive to .35 - .40,

[12:52] {Threei} some consoidation,

[12:52] {Threei} then break of .50

[12:52] {Threei} for the move toward 82

[12:55] {Threei} see how it's forming?

[12:55] {Threei} double bottom scenario

[12:56] {Threei} only I don't want to enter on confirmation, it's way too high

[12:56] {Threei} so I want interim setup,

[12:56] {Threei} consolidation under .50

[12:56] {Threei} giveing me better trigger

[12:56] {Threei} -e

[12:57] {fernp} new low invalidate the play?

[12:57] {Threei} yes,

[12:57] {fernp} s

[12:57] {Threei} and may sderve as a short trigger

[12:57] {Threei} serve

[12:57] {Threei} darn new keyboard

[12:58] {Threei} I am just not too fond of shorting right now

[13:02] {ese} you thinkin this market has a ways to go yet vad?

[13:03] {Threei} weho knows

[13:04] {Threei} Market Internals update at 12:00pmET

[13:04] {Threei} - NYSE volume 230M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.

[13:04] {Threei} - NASDAQ volume 495M shares, about 47% below its three-month average; decliners lead advancers by 1.1:1.

[13:04] {Threei} volume is about the same as yesterday

[13:04] {Threei} which is to say non-existent

[13:04] {nemo} and the stats on A/D was exactly the opposite

[13:04] {Threei} vs yesterday?

[13:04] {nemo} yes...advancers to decliners were 1.1/1

[13:05] {Threei} so just measningless oscillations

[13:05] {Threei} or convulsions

[13:05] {nemo} by the way, sorry, was going to call amazon short at .80 but the stop was a bit big...notice the declinging highs from 11:10

[13:06] {Threei} speaking of FCX...

[13:06] {Threei} maybe starts looking better for short

[13:06] {nemo} goes to .55

[13:13] {Threei} how about this for random

[13:13] {nemo} well, fcx probably tests the close now

[13:13] {Threei} ruined long setup, then ruined short

[13:13] {nemo} funny, those volume increases into .40 were a long setup to me

[13:15] {magoo} truth be told..me too..took .37 long out .70

[13:15] {Threei} wtg

[13:15] {magoo} feels higher

[13:21] {fernp} LIWA

[13:24] {dino} spnc

[13:25] {Threei} hmm

[13:26] {Threei} two instances of families geting lost in the foirrest, GPS indicates service road,

[13:26] {Threei} they take it and get stuck in deep snow

[13:26] {Threei} no cell phone signal

[13:27] {Threei} I'd say Darwin in action

[13:27] {Threei} GPS combined with lack of common sense - that can be a deadly combination

[13:27] {strider} IT's very easy to get lost in such places.

[13:28] {Threei} would anyone with ounce of common sense turn to service road after heavy snowfaLL?

[13:29] {Threei} more than that,

[13:29] {Threei} you see two feet of snow ahwead of you,

[13:29] {Threei} no sign of road visible,

[13:29] {Threei} do you just continue driving staright ahead?

[13:29] {strider} I wasn't there.......don't know what they saw, or felt they had to do.

[13:29] {strider} or could do.

[13:30] {magoo} look vad..when i called u for help u said u'd keep this to ourselves

[13:30] {Threei} just ttok GPS's advice to save 40 miles by shortcut

[13:30] {Threei} yes mags but with us it was personal

[13:31] {Threei} that second famuly though...

[13:31] {Threei} I didn't program theior GPS, like I did yours

[13:32] {magoo} u just forgot to delete your phone number

[13:32] {Threei} yeah, unforgivable error

[13:38] {magoo} SPNC

[13:39] {Threei} 12:50:04 PM

[13:39] {Threei} Spectranetics Corp DoJ says SPNC to pay $4.9M in civil damages to resolve allegations related to its medical products

[13:39] {Threei} - In addition, the Company has agreed to a forfeiture of $100,000 in cash or property to be executed in the near future. There are no criminal charges against the Company.

[13:40] {dino} legalized extortion

[13:41] {Threei} yup

[13:41] {dino} if you pay us, no crime committed

[13:42] {Threei} GOOG Announces "Android Press Gathering" set for Jan 5 - NYT (619.90, -2.97, -0.48%) (related MOT VZ AAPL )

[13:42] {Threei} Nexus one is coming I guess

[13:50] {Les} back for one last trade.

[13:50] {Les} AWIAV?

[13:51] {nemo} no trading under the influence

[13:51] {Les} so call the police...

[13:52] {Les} get the shotgun ma, Les is trying to trade under the influence again!

[13:52] {nemo} what do you call them there, polizei or gendarme?

[13:52] {Les} police

[13:52] {nemo} english in switzerland?

[13:52] {Les} gendarme is state police

[13:52] {Les} polizei are Swiss German police

[13:53] {Les} Polizia are Swiss Italian police

[13:53] {Les} I don't know what they're called in fourth Swiss language

[13:54] {Les} Are there setups played in closing here. I haven't been around for a close for a while

[13:55] {Threei} every day is different

[13:55] {Les} k

[13:55] {Threei} yesterday gave nice run by CGEN

[13:55] {Les} ah. that why you held overnight?

[13:56] {Threei} no, that was because we decided to screw it up

[13:56] {Les} ok

[13:56] {Les} ?

[13:56] {Threei} it was anice setup - ours to screw up, and we nmanaged to do it to the best of our abilities

[13:56] {Les} sounds like me most of the time

[13:57] {Threei} yep, we decided it was your fault

[13:57] {Les} ok. drinks are on me.

[13:58] {strider} He called out for another drink, and the waiter brought a tray.

[13:58] {strider} Anybody know the song?

[13:58] {Threei} sounds familiar

[13:59] {Les} FCX has 200 ma just overhead.

[13:59] {Les} .05 b/o? waiting to see if stop tightens up

[14:00] {Threei} Market Internals update at 2:00pmET

[14:00] {Threei} - NYSE volume 345M shares, about 48% below its three-month average; decliners and advancers are about even.

[14:00] {Threei} - NASDAQ volume 745M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.

[14:00] {Threei} - VIX index -0.3% to just under 20.00

[14:00] {strider} Procul Harem, A whiter shade of pale.

[14:00] {nemo} whoa

[14:01] {Les} I know the song, didn't recognise the line you quoted.

[14:02] {Threei} what's with IVAN

[14:03] {Threei} ese... look what we missed

[14:03] {strider} he's terrible.

[14:03] {nemo} he was strict

[14:03] {Threei} sure is... but what a move

[14:08] {Les} AIG

[14:08] {strider} very true.

[14:09] {Les} RIMM .80 b/o?

[14:09] {Threei} I doubt it

[14:09] {nemo} tck should be bottoming here or will short further

[14:17] {ese} hmmmmmmm

[14:18] {strider} D flat?

[14:18] {Threei} lol

[14:18] {ese} great looking daily for ivan

[14:19] {Threei} I just wish I saw it when it attacjed 3

[14:19] {Threei} was classic scaklp type I

[14:19] {ese} i'm doing nothing but dozing here.........

[14:20] {nemo} fcx, could go either way

[14:20] {magoo} thats my dogs name..doze

[14:20] {magoo} dozer

[14:21] {Threei} and he is bull?

[14:22] {magoo} ya ya

[14:22] {Threei} let the trade war begin:

[14:22] {Threei} US Commerce Dept reportedly sets prelim duties of 145% on certain steel grating from China in efforts to prevent dumping (related TRADEX SLX X STLD AKS ZEUS )

[14:22] {magoo} destroys everything

[14:26] {fernp} SPNC also happy today

[14:31] {dino} grrr, was waiting at 7.82 for short on it when it spiked

[14:31] {magoo} c'mon vad..its time..

[14:31] {Threei} for what?

[14:32] {magoo} rea on STEc AMZMN FCX

[14:33] {nemo} rimm should break short soon

[14:33] {fernp} RRD any read, Vad?

[14:33] {strider} I think AMZN will end higher, but don't know how it will get there.

[14:34] {Threei} .55 break short RRD

[14:35] {fernp} thanks.

[14:35] {nemo} amzn Vad, looking short?

[14:35] {Threei} not really

[14:36] {fernp} RRD feels long to me

[14:36] {Threei} if breaks .60, invalidates short setup

[14:37] {Threei} but long one doesn't feel too tempting to me

[14:37] {Les} but

[14:38] {Les} RRD has 50 ma under it

[14:38] {fernp} daily is nice

[14:38] {Les} looks range bound to me fern

[14:40] {strider} I'm short RRD .58, stop .66---5 day high.

[14:42] {strider} 1/2 lot. Will add on break of .55

[14:44] {Les} gld b/d?

[14:45] {Les} .15 stop, .50 trigger?

[14:45] {Les} .45 lodf

[14:45] {Les} lod

[14:47] {Threei} i am lost

[14:47] {magoo} r u stuck in snow?

[14:47] {Threei} oh, that was your GPS this time...

[14:48] {Threei} if .50 is short trigger, how is stop .15?

[14:48] {Les} 15 cent stop

[14:48] {Threei} oh

[14:48] {Threei} sheesh

[14:48] {Les} sorry my bad

06[14:48] * nemo slaps Les around a bit with a large book of Techniques of Tape Reading

[14:48] {Threei} I'd prefer it to stay under .60,

[14:49] {Threei} so we could keep it as a stop

[14:49] {Les} or is it a potential double bottom?

[14:49] {Threei} it is

[14:53] {nemo} amzn dropping

[14:54] {strider} c'mon RRD. Don't be a party pooper.

[14:57] {Les} GLD consolidating. staying under .60

[15:01] {ese} i'm outta here all.....going shopping......see ya tomorow

[15:01] {Threei} take care ese

[15:01] {fernp} bye ese

[15:01] {ese} see ya vad

[15:01] {ese} fern

[15:01] {nemo} dude

[15:01] {ese} dude

[15:02] {Les} l GLD .61

[15:02] {fernp} RRD 1:1 here

[15:02] {Les} stop .50

[15:05] {strider} long AMN .27, stop .00

[15:05] {nemo} a dino stock

[15:06] {strider} amzn

[15:06] {nemo} oh

[15:11] {strider} stopped RRD

[15:14] {fernp} RRD 1:2 - thinking to hold some shares for overnight

[15:14] {magoo} CBAK

[15:14] {magoo} not in tho

[15:17] {Threei} look at CGEN daily

[15:17] {Threei} what a bizarre figure last 4 days shaped

[15:17] {fernp} aliens tries to tell us something lol

[15:19] {Threei} oh, that's what it is

[15:20] {Threei} ese missed IVAN second time

[15:20] {magoo} FINALLY AMZN

[15:20] {magoo} in .40

[15:22] {magoo} jesus. one pop and down

[15:22] {magoo} this sux

[15:30] {strider} out 1/2 AMZN +.50

[15:30] {Threei} nice

[15:30] {fernp} RRD 1:3 selling 200sh here and holding 100sh. I like the daily for tomorrow, but can't resist the temptation to make cash :-)

[15:31] {Threei} that temptation will keep you alive and sane for years to come

[15:31] {magoo} CBAK

[15:31] {fernp} thank you. I needed that . I felt bad with myself :-)

[15:32] {Threei} ugh

[15:32] {Les} nice one fern. out GLD +.05. what a waste of time

[15:32] {Threei} sorry i got in the way

[15:32] {Threei} please feel free to feel bad again

[15:33] {fernp} no lol

[15:33] {Threei} :)

[15:34] {magoo} CBAK bananas

[15:35] {Threei} no kidding

[15:35] {fernp} [18:09] {fernp} CBAK 3 today?

[15:36] {Les} would CBAK be the sort of stock you'd consider holding overnight vad?

[15:36] {Les} likelihood of gapping up in morning?

[15:36] {Threei} if it drops to some sane price before close, sure

[15:37] {Threei} it's rumor-based movwe

[15:37] {Les} whats the rumour?

[15:37] {Threei} it gets dissected overnight, masses come to conclusion rumor is not all that likely to turn into reality

[15:37] {Threei} gap is shot

[15:38] {Threei} [12:10] {Alert} Threei CBAK Strength attributed to rumor CBAK battery product could be used in a Google smart phone model due out in 2010

[15:38] {Les} ok. so you tend to hold stocks that have hard news releases as opposed to rumours?

[15:39] {Les} i.e, rumours get destroyed more readily overnight?

[15:39] {Threei} either real news, or sector strength, or technical move with tripping some very cvommon alerts, like new 52 weeks high

[15:39] {Threei} I don't know more readily or not, but it's a real possibility

[15:39] {Threei} and that's not a risk I would be willing to take

[15:39] {Les} understand

[15:40] {Threei} imagine CBAK management coming out and saying no, we aree not in Googlwe phone

[15:40] {Threei} which they can do easily to avoid troubles with SEC

[15:40] {nemo} after they sell there stock, of course

[15:40] {Threei} stock moved from under 2.5 today

[15:41] {Threei} if that what hapens, it will open where?

[15:42] {strider} stopped balance AMZN +.15

[15:42] {fernp} gj

[15:46] {Threei} IVAN new high

[15:58] {Threei} I am so ready for the holidays to end, lol

[15:59] {fernp} only you?

[15:59] {Les} how does january begin?

[15:59] {Threei} magoo too I suspect

[15:59] {Threei} with heavy hangover les

[15:59] {Les} traders move markets in january or is it softly softly?

[15:59] {Threei} there is no any rule to it

[16:00] {Threei} too many variables

[16:00] {Les} ok. night all

[16:00] {Threei} hangover is certainty thopugh

[16:00] {Threei} thank you asll

[16:00] {nemo} cya

[16:00] {Les} ty vad

[16:00] {Threei} have a good evening, see you tomnorrow

[16:00] {fernp} Good evening everybody. see u all tomorrow