Dec 30 2009

Due to excessive fooling around, even though fun, group decided not to publish today's log. Suffice to say, two momo movers SEED and ICXT was all we found worthy to trade today. Charts are self-explanatory.

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

Dec 28 2009

Volume is almost non-existent - about 50% of average for the last three months. Search for the plays is like extracting teeth, but those we do find are profitable.

Session Time: Mon Dec 28 00:00:00 2009

[08:48] {nemo} Mmmmhhh....well...know who the trade-aholics are
[08:48] {Threei} hah... you should see them on Fri
[08:49] {nemo} you mean, Thursday?
[08:49] {Threei} yeah
[08:49] {Threei} you'd think it was last oppotrunity to trade
[08:50] {Threei} I swear some stocks were traded by this room members only
[08:50] {nemo} given I needed a magnifying glass to see the volume numbers, you might be right
[08:50] {strider} Well, we made money on them. somehow.
[08:50] {Threei} yeah, that's the amazing part
[08:51] {Threei} strider, magoo and fern being the only traders in some name - and all three making money
[08:51] {nemo} ecn rebates
[08:51] {Threei} lol
[08:52] {nemo} quite the markeups this morning...fcx..aig...tck
[08:53] {strider} Wait till nemo checks his account....we were using the patented "nemo-auto-fade" feature of Laser.
[08:53] {Threei} lol
[08:53] {nemo} which is...???
[08:54] {strider} if I told you any more, I'd have to kill you.
[08:54] {Threei} he doesn't have this button sdtrider
[08:54] {nemo} not necessarily a good bet on your part
[08:54] {strider} Or maye, you'd kill me.
[08:54] {Threei} it was enabled for everyone but the one whose name is on it
[08:54] {strider} yeah.
[08:55] {strider} Nemo...at least your get some ECN credit, for adding liquidity.
[08:56] {nemo} ty
[08:56] {fernp} Good morning everybody
[08:56] {Threei} fern :)
[08:56] {nemo} Hola
[08:56] {dino} gm all
[08:57] {Threei} dino :)
[08:58] {strider} morning everyone.
[09:03] {Les} morning
[09:03] {nemo} for you or us Les?
[09:03] {Threei} morning les
[09:03] {Les} when in rome nemo, when in rome...
[09:11] {ese} good morning......
[09:11] {Threei} ese :)
[09:11] {Les} hi ese
[09:12] {nemo} dude
[09:14] {ese} dude
[09:14] {ese} les
[09:14] {Threei} my daughter was lucky enough to have her long-planned trip starting today,m with first leg to USA...
[09:18] {strider} going with a big group, vad?
[09:18] {Threei} no, a few friends
[09:19] {Threei} Thailand and Japab
[09:19] {Threei} Japan
[09:19] {strider} wow.
[09:20] {Threei} good thing we talked yesterday
[09:20] {Threei} asking her whan she plans to be at airport,
[09:20] {Threei} she says, well, about an hour and half before departure
[09:21] {Threei} turns out, they don't watch TV for the last few days and have no sligtest idfea of latest scares
[09:22] {lasertrev} gm
[09:22] {Threei} trev :)
[09:22] {magoo} morning, hope u all had a merry
[09:22] {Threei} hey mags
[09:22] {Threei} sure did
[09:22] {Threei} you?
[09:28] {strider} see anything moving?
[09:29] {nemo} fcx and aig moved quite a bit this morning
[09:29] {Threei} a lot of things do
[09:29] {dino} asia, cgen, fcx
[09:29] {dino} pot
[09:30] {Les} AA a little weaker, but showing similar behaviour to fcx
[09:30] {Threei} CGEN Discovers drug target for treatment of epithelial tumors
[09:30] {Les} look at X
[09:31] {Threei} NLST wakes up again maybe
[09:31] {Threei} CGEN pullback, watching
[09:33] {Threei} Long Setup: CGEN .60 break
[09:33] {Threei} if stays above ,50
[09:33] {Threei} 1:1 half out
[09:33] {fernp} missed here
[09:33] {Threei} scalpers are scalpers
[09:33] {ese} missed
[09:34] {nemo} me too
[09:34] {Threei} noone?
[09:34] {Threei} it was available at .61...
[09:34] {Les} no excuses, you gave plenty of time...
[09:34] {nemo} by the time I got it on screen it was gone
[09:35] {nemo} scalpers win
[09:35] {Threei} wow... 2 min since I said watcvhing
[09:36] {Les} was fiddling with charts. Not used to jumping straight out of the starting gates
[09:37] {ese} was watching something else.......tune in when it was .69
[09:37] {Les} X pullback?
[09:38] {ese} sndk continues meteoric rise......very interesting that
[09:38] {Threei} X, .80 support
[09:38] {ese} don't see many daily charts like that
[09:38] {Threei} trigger is not very clear, maybe .96
[09:39] {dino} osis
[09:39] {fernp} QGEN if breaks .50, Vad?
[09:40] {Threei} if holding .45
[09:40] {Threei} don't count on much with thisd one
[09:40] {Threei} water torture type
[09:40] {fernp} ok
[09:41] {dino} aixg
[09:42] {Threei} AIG
[09:42] {Threei} tries to turn into momo
[09:43] {Les} GOOG
[09:43] {Threei} Long Setup: AIG .05 half lot
[09:43] {magoo} in
[09:43] {Threei} if stays above .90
[09:43] {magoo} .60
[09:44] {Threei} if works, target about .40 - .50
[09:44] {Threei} ok, doesn't work
[09:45] {magoo} i like yout targeyt
[09:45] {Les} FCX .80 b/d if a few minutes consolidation occurs Vad?
[09:45] {fernp} QGEN 1:1
[09:46] {Threei} sure
[09:46] {Threei} FCX looks encouraging
[09:46] {Threei} GLD breaks down
[09:46] {Threei} here is bounce to see the resistance
[09:46] {Threei} or to hunt for aggressive entry
[09:47] {Threei} mags, you have target reached
[09:47] {Threei} on AIG
[09:48] {magoo} out .49 TY
[09:48] {Threei} wtg
[09:48] {Threei} 90 cents
[09:48] {magoo} + alot
[09:48] {Threei} nice play
[09:49] {Les} merry christmas
[09:49] {Threei} lol fern, you managed to squeeze that one
[09:50] {fernp} yeah. ty for your indications
[09:51] {Threei} anyone went for ahressive FCX?
[09:51] {Les} in .90
[09:51] {Threei} okay, stop just above 83 then
[09:51] {strider} short or long?
[09:51] {Les} short
[09:51] {Les} GLD dropping
[09:51] {Threei} if it loses .80, cover half into sharp drop
[09:51] {Les} scalp or more Vad?
[09:52] {Les} sorry
[09:52] {Threei} I'd try for more but with pasrtiasls
[09:52] {Threei} partials
[09:52] {Threei} grrr... new keyboard... likerly to introduce even worse typing
[09:52] {Les} we can take it
[09:52] {Threei} (if that's even possible)
[09:52] {magoo} aig read vad, bounce if holds 32?
[09:53] {ese} dino ....whacha thinkin with osis
[09:53] {fernp} HIG breakout, Vad?
[09:53] {Threei} too far in advance mags
[09:53] {dino} sm s asei .86
[09:53] {Threei} gotta see how it behaves if it gets there
[09:53] {Threei} HIG yes
[09:53] {magoo} lets watch it ok?
[09:54] {magoo} might be the day for it
[09:54] {Les} GLD testing 50 ma support
[09:55] {dino} asei stopped
[09:56] {Threei} cover half here les
[09:56] {Les} .75 ty
[09:56] {Threei} fern, HIG starts looking salmonish
[09:57] {Threei} if works, can be a nice climber
[09:57] {magoo} hig long trigger?missed call
[09:57] {Threei} .90 support mags
[09:58] {Threei} fairly close to it
[09:58] {fernp} im long from .97 if breaks 24 i'll add some more shares
[09:58] {Threei} buy first strength
[09:58] {Threei} les, 1/4 more
[09:58] {Threei} right here
[09:59] {Les} sorry, all out. only 200 shares in total
[09:59] {Threei} ok
[09:59] {Threei} anyone has a bit more and needs comnmentary?
[10:01] {fernp} WFC breakdown, Vad?
[10:03] {strider} NLST
[10:03] {Threei} hmmm
[10:03] {Threei} not sure fern
[10:06] {Threei} mags
[10:06] {Threei} AIG
[10:06] {Threei} stop under 24
[10:06] {Threei} entry as close to it as you can get
[10:06] {Les} l HIG .03
[10:07] {Threei} HIG acts as salmon
[10:07] {Threei} a bit high entry Les
[10:07] {strider} long HIG from .98
[10:07] {Les} so take scalp only?
[10:08] {strider} L NLST from .79
[10:08] {Threei} it's capable of more than that...
[10:08] {Threei} just not fond of this kind of entries
[10:10] {dino} par
[10:11] {nemo} rimm vad
[10:12] {Threei} not sure about play on it
[10:12] {Threei} feels long to me
[10:12] {Threei} but no clear setup
[10:14] {Les} any news that is annoying market?
[10:14] {fernp} AEO, Vad? I don't know how this one trades, valid breakout?
[10:14] {Threei} no news
[10:14] {fernp} is holding in highs while SPY is dropping
[10:15] {Threei} should be good for a scalp fern
[10:15] {fernp} ty
[10:15] {dino} aixg capit?
[10:16] {Threei} doesn't look ready for bounce to me, dino
[10:16] {Threei} more downside most likely
[10:17] {strider} stop NLST -.10
[10:17] {fernp} WFC still on lows
[10:18] {dino} feeling .35ish
[10:24] {Threei} HIG lost support
[10:24] {strider} stop HIG
[10:26] {fernp} i took my 1:1 on HIG w/my first entry, and stopped with the second one
[10:26] {Threei} half pon 1:1 and stopped second half, so the same washout
[10:27] {fernp} shorted WFC .88
[10:27] {fernp} my 1:1 is almost here..
[10:29] {ese} anyone else waiting or cgen to bottom out
[10:31] {dino} aixg hl l .05, stop lod
[10:35] {fernp} AEO is breaking now... not sure what to do, SPY is falling
[10:37] {dino} alny wakey
[10:37] {strider} hmmm..
[10:38] {fernp} FAZ breakout?
[10:38] {Threei} only if pulls back first
[10:39] {Threei} and holding this .87 - .90 area
[10:41] {Threei} GLD, want long with target around .35, and don't want to buy break
[10:41] {Threei} so, my way to trade it here would be:
[10:41] {Threei} ignore .20 break,
[10:41] {Threei} but if it pulls back into .10 area, I anm interested
[10:42] {Threei} with stop/invaliadting level 108
[10:43] {Threei} come on GLD, show your treacherous charatcter: drop shareply shaking out .20 break buyers, and let us in on that shakeout
[10:44] {Les} 50 and 200 ma converging at .25
[10:44] {Threei} typing gods will never forgive me for what I do to English...
[10:46] {Les} did you buy Vad?
[10:47] {Threei} no, was waiting couple cents lower
[10:48] {Threei} I want a brief dive under .10, holding above 108 and recross of .10 as entry signsl
[10:49] {Threei} even if it doesn't let us in, I am pretty staisfied with read itself
[10:49] {Threei} getting closer to decoding the ways GLD eliminates too straightforward traders
[10:52] {fernp} AEO 1:1 but i didn't take the trade. too much thinking. grrrr
[10:53] {Threei} Long Setup: AIG .10 break
[10:53] {Threei} stop under 32
[10:53] {ese} l cgen .41
[10:56] {ese} you refering to me vad
[10:56] {Threei} I am?
[10:56] {ese} .30
[10:58] {strider} out 1/2 AIG
[10:58] {Threei} AIG 1:1
[10:58] {Les} out ty
[10:58] {Threei} strider, stop to under .10 for the balance
[10:58] {magoo} AIG seems or feekls like alot more..not in tho
[10:58] {strider} thx
[10:59] {strider} out -.01
[10:59] {Threei} could be mags... but this is AIG... I better let ther balance to get shaken out than get stuck
[10:59] {magoo} agree..its been a disappointer orf late
[10:59] {strider} like that.
[10:59] {Threei} downdraft on it can be devastating
[11:00] {Threei} and don't forget, we are still in holiday mode
[11:00] {fernp} HIG again breaking 24
[11:00] {ese} l cgen avg .39
[11:00] {Threei} short week and all that crap
[11:01] {Les} GLD still in play Vad?
[11:01] {Threei} can't tewll, it kind of lost its rythm
[11:01] {nemo} may be DT on Rimm
[11:01] {dino} jst
[11:01] {Threei} first drop looked good, second is questionable
[11:02] {Threei} hmmm
[11:02] {ese} cgen stop .33
[11:03] {Threei} why not C&H on RIMM nemo?
[11:03] {Threei} .45 break
[11:03] {Threei} if holdong .30 -.45
[11:03] {Threei} .30 - .35
[11:03] {nemo} could be one of those switchitters
[11:04] {Threei} yeah
[11:04] {nemo} your handle is small too
[11:04] {fernp} gonna try again HIG
[11:05] {Threei} big offer at .45
[11:05] {Threei} reinforces setup
[11:05] {nemo} oy vay
[11:05] {ese} out cgen .49 +.10
[11:05] {Threei} wtg
[11:06] {ese} worked well...kept partially out 4k avgeraged it out at .49
[11:07] {ese} actually .487623 to be exact
[11:07] {Threei} invalidated RIMM
[11:07] {nemo} the long anyway
[11:07] {Threei} right
[11:08] {Threei} too bad, that break would have been a beauty
[11:10] {nemo} RIMM again
[11:10] {fernp} DBA, Vad?
[11:10] {Threei} need pullback for re-validation
[11:10] {Threei} RIUMM
[11:10] {nemo} or, tht big order be taken out
[11:11] {Threei} DBA, CAN'T TELL
[11:11] {Threei} too narrow for my taste'
[11:12] {fernp} ty
[11:12] {Les} FCX?
[11:13] {magoo} [11:11] {&Threei} RIUMM
[11:13] {magoo} [11:12] {&Threei} too narrow for my taste'
[11:13] {magoo} whats on your mind
[11:13] {Les} .80 break looking good?
[11:14] {fernp} that was for DBA, mags
[11:14] {magoo} RUM
[11:14] {Threei} probably Les
[11:18] {magoo} gld was invalid?
[11:19] {Threei} I wasn't delighted
[11:19] {magoo} ya ya
[11:19] {Threei} it more or less worked in the end but preety much crapshoot, really
[11:19] {magoo} in my best leonardo dicapr voice from movie blood diamond
[11:20] {nemo} he was good in Body Of Lies also
[11:20] {fernp} NRG breakdown, Vad?
[11:21] {Les} outta here. night all.
[11:22] {fernp} bye Les
[11:22] {Threei} take care Les
[11:23] {Threei} so slow, fern...
[11:23] {Threei} things stalled
[11:24] {Threei} let's look at some postcard-type photos in fresh upload at http://www.realitytrader.com/photography/
[11:24] {fernp} yeah, shorted .39 i'll take a scalp (if I can) :-)
[11:27] {fernp} your city seems very european
[11:27] {fernp} beatiful heavens in all pics
[11:27] {Threei} yeah, prides itself ion being more British than Britain
[11:29] {fernp} such buildings are the typical you can find over here
[11:34] {nemo} rimm broke .45 another huge orer at .50
[11:34] {Threei} break on such vertical spike... nah
[11:35] {nemo} chewed right through
[11:38] {fernp} 1:1 NRG +.05
[11:42] {nemo} rimm break .60 stop under .50 look at order at .60
[11:51] {fernp} NVDA breakdown, Vad?
[11:51] {Threei} worth a try
[11:52] {fernp} ty
[11:52] {Threei} just a scalp
[11:52] {Threei} unless market starts dropping like tomorrow never comes
[11:52] {fernp} ok. i'll scalp it :-)
[11:53] {strider} aggressive entry make sense here, NVDA?
[11:53] {Threei} yeah, and if tomorrow never comes - what good those excessive profits are for you anyway
[11:53] {Threei} no strider
[11:53] {Threei} RIMM looks at that .60 with childish curiosity
[11:54] {fernp} daily seems ready for a pullback
[11:54] {nemo} on what fern?
[11:54] {fernp} NVDA
[11:54] {fernp} QGEN strong
[11:57] {Threei} NVDA shapes up nicely
[11:57] {strider} break of .74?
[11:57] {Threei} yes
[11:58] {nemo} cat vad, maybe short, I've got .45 as important but pivot is .38
[12:01] {Threei} .45 break I'd do
[12:02] {strider} stop?
[12:02] {Threei} .50 or .55, both are valid
[12:02] {nemo} .50 probably
[12:02] {strider} k
[12:09] {nemo} cat the frickin' fandancer
[12:10] {strider} in .44
[12:10] {strider} there's the big bid on NVDA
[12:11] {strider} .77
[12:15] {Threei} RIMM is trying to reinvalidate again
[12:17] {Threei} Long Setup: RIMM .60 break
[12:18] {Threei} stop under .50 for scalpers
[12:18] {Threei} .45 for day traders
[12:18] {Threei} 1:1
[12:19] {Threei} unstoppable RIMM
[12:19] {Threei} 'can you hold the moonbeam in your hand"...
[12:19] {Threei} never mind... wife was watching Sounds of Music yesterday when I carelessly wandered in the room
[12:19] {nemo} DF
[12:19] {Threei} it's quite a trauma for my impressionable soul
[12:20] {nemo} anyway,,,,I'm off to try and kill something...this day has been a CF!
[12:20] {dino} gl
[12:20] {nemo} ty
[12:20] {Threei} kill my portion too wioll ya
[12:21] {magoo} what CF?
[12:21] {Threei} or df
[12:22] {Threei} but, you know... when it comes to nemo I gave up on decoding
[12:22] {Threei} not only because it's challenging
[12:22] {Threei} but mostly because in most cases I don't want to know the answer
[12:24] {strider} CAT
[12:25] {Threei} makes huge prgress, doesn't it
[12:26] {strider} not much spring in its step.
[12:26] {strider} which is a good thing.
[12:26] {Threei} well, it's cat... it's prowling
[12:28] {strider} Is RIMM a long here?
[12:28] {strider} was
[12:29] {Threei} why here
[12:29] {Threei} it was long at .60
[12:29] {strider} there was some consolidation at .72, 2nd test of high.
[12:30] {Threei} if you wanted it for bigger trade, you'd simply enter it with stop .45, and have 1:2
[12:31] {strider} well, it jumped fast from .60....coudn't get in.
[12:31] {Threei} I see
[12:31] {Threei} it was a "hover" type of entry
[12:31] {strider} I was hovering .)
[12:31] {Threei} lol
[12:32] {Threei} unhovered too late then :)
[12:32] {Threei} usually, when hovering,
[12:32] {Threei} you don't wait for actual break
[12:32] {Threei} you want to gran last shares of big order
[12:32] {Threei} so you lwet go when it scrolls fast
[12:35] {strider} CAT looking like a dbl bottom
[12:37] {ese} dino.....anything on your radar
[12:39] {dino} just took fsys l
[12:39] {dino} .04 ave
[12:40] {ese} seems to me that every year at this time.....no matter what i look at ....it just doesn't look good
[12:40] {dino} osis watching for s
[12:40] {dino} tlcr?
[12:40] {ese} tks
[12:41] {fernp} USB rocketing
[12:41] {ese} was watching osis for a while......did nothing for me
[12:43] {dino} gut feels spike and drop remaining in osis
[12:44] {strider} what's your stop, CAT, vad?
[12:44] {Threei} at this point just above .50
[12:44] {Threei} no two options anymore
[12:44] {ese} hmmmmmmm that sounds like a plan dino....spike to 25
[12:45] {Threei} as they used to say in USSR, we have pluralism of opinions, and there is no another way about it
[12:45] {strider} haha
[12:46] {dino} lol es waiting at .22
[12:51] {strider} CAT 28 cent range so far.
[12:52] {fernp} MGM on lows
[12:53] {magoo} RIMM went big
[12:53] {dino} calm
[12:53] {magoo} i am
[12:54] {fernp} NVDA again interesting
[12:56] {dino} lol just read that
[12:56] {fernp} MGM breaking down
[12:57] {strider} OK...CAT's turned into a guitar stock.
[12:57] {ese} l akam sm.99
[12:58] {ese} stop .80
[13:01] {Threei} *TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.089%; BID-TO-COVER RATIO: 2.91 V 3.16 PRIOR AND 2.96 AVE OVER LAST 10 AUCTIONS
[13:01] {Threei} - indirect bidders take 34.8% of competitive bids with 59.68% alotted at the high
[13:02] {Threei} where is nemo... I need translation of this
[13:02] {fernp} AMGN .70 break, Vad?
[13:02] {Threei} chart's right
[13:03] {ese} ok am likin the looks of akam .......increased size to 1/2 lot
[13:04] {dino} rino l .25
[13:05] {fernp} shorting NVDA .75
[13:06] {Threei} nice
[13:07] {ese} l akam to full lot still .99 stop .89
[13:08] {ese} lots of selling at .00 this should be interesting
[13:08] {dino} reit's moving
[13:09] {strider} sure is a lot of AKAM for sale at 26.
[13:10] {ese} i'll say
[13:11] {ese} gambling on the break here
[13:11] {strider} lightening up on CAT....this is ridiculous.
[13:12] {Threei} welcome to holiday trading
[13:12] {strider} I thought I was supposed to get PRESENTS this week.
[13:18] {Threei} this?
[13:18] {Threei} last week was Chritmas... what is it this week, Festivus?
[13:18] {strider} well, don't forget the rest of us.
[13:19] {Threei} Chanukah was even earlier
[13:19] {Threei} Festivus is the only one I can think of
[13:20] {strider} hey, we got a new low, CAT
[13:21] {Threei} I was afraid to mention
[13:24] {fernp} SEED is sitting on lows with a nice daily for a short
[13:24] {Threei} fern... you are distracting us from dying of boredom obderving CAT
[13:25] {fernp} sorry, i am also short in CAT from .44
[13:25] {Threei} wow... you mean you arre not bored enough by CAT and want to add SEED??
[13:26] {strider} Well, pay attention, then, fern!
[13:26] {Threei} you just love pain and suffering, don't you?
[13:27] {fernp} you know what? i am also short MGM from .39 and long AMGN from . 71
[13:27] {Threei} ok... you do love pain and suffering
[13:27] {fernp} :-) i have to talk with my wife
[13:27] {Threei} shut up nemo
[13:28] {Threei} even though you are not here...
[13:28] {Threei} this is too much even for your being here in spirit, so shut up
[13:30] {strider} had it with CAT, I'm out.
[13:30] {ese} out akam .94 -.05
[13:31] {ese} gotta go all...catch you tomorow
[13:31] {Threei} take care ese
[13:31] {strider} of course.
[13:31] {fernp} bye ese
[13:31] {Threei} mama mia... CAT is 1:1... I didn't think I'd live long enough to see that
[13:31] {strider} was just waiting for me to bail.
[13:31] {magoo} dont recall cat bbeing such a slug
[13:32] {Threei} no traders
[13:32] {Threei} holiday week
[13:32] {Threei} look at volume
[13:32] {magoo} read AIG? juast started move
[13:32] {Threei} Encryption expert deciphered and published code that protects cellphone calls-NY Times
[13:32] {Threei} - The action by the encryption expert Karsten Nohl aimed to question the effectiveness of the 21-year-old GSM algorithm, a code developed in 1988 and still used to protect the privacy of 80 percent of the world's mobile calls.
[13:33] {fernp} out MGM +.06
[13:34] {Threei} no way really to tell whether it's a startiung move or just accidenatl convulsion during deep sleep, mags
[13:35] {Threei} take a look at volumes at noon:
[13:35] {Threei} Market Internals update at 12:00pmET
[13:35] {Threei} - NYSE volume 240M shares, about 48% below its three-month average; advancers and decliners are about even.
[13:35] {Threei} - NASDAQ volume 520M shares, about 45% below its three-month average; decliners lead advancers by 1.1:1.
[13:35] {Threei} lol
[13:39] {dino} wow
[13:46] {fernp} AMGN no go
[14:03] {Threei} wow
[14:03] {Threei} fern
[14:03] {Threei} your SEED works
[14:03] {fernp} yes
[14:05] {fernp} but i only took +.05 on it (my initial risk)
[14:05] {Threei} Fed proposes amendments to Reserve Requirements for Deposit institutions; allows establishment of term deposit facility; with no implications on monetary policy decisions in short term
[14:05] {Threei} - term deposit maturities will not exceed 1 year's time; with most likely maturity at 1-6 months
[14:05] {Threei} - Federal Reserve Banks would offer interest-bearing term deposits to eligible institutions through an auction mechanism. Term deposits would be one of several tools that the Federal Reserve could employ to drain reserves
[14:06] {fernp} i also shorted INTC at .30 (my 1:1 is here)
[14:06] {Threei} market really disliked this
[14:06] {Threei} Fed worked for you
[14:06] {Threei} (for once)
[14:06] {fernp} lol
[14:07] {Threei} volume update, don't look now:
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 340M shares, about 50% below its three-month average; decliners lead advancers by 1.1:1.
[14:07] {Threei} - NASDAQ volume 760M shares, about 45% below its three-month average; decliners lead advancers by 1.2:1.
[14:07] {Threei} 50%
[14:07] {Threei} I don't think I've seen this, ever
[14:09] {fernp} hey!!! thaks FED, +.08 INTC
[14:11] {Threei} lol
[14:12] {dino} gj
[14:17] {fernp} AEO ignores market. still on highs. and... if I hold some shares overnight? Am I crazy?
[14:17] {Threei} yes
[14:17] {Threei} but the real question is,
[14:17] {Threei} will it stop you from doing that?
[14:18] {fernp} good question
[14:21] {Threei} White House: President Obama to speak later today with regards to the terrorist attack attempted on Christmas day
[14:21] {Threei} - separately, in the last few minutes an Al-Qaeda faction claimed responsibility for the attempted attack on a US airliner, calling it a retaliation for US attacks in Yemen.
[14:21] {Threei} - reminder: over the weekend, the Nigeria man who attempted to set off an explosive device in a Northwest airliner was reported to have ties to Al-Qaeda.
[14:28] {fernp} looking at airlines, CAL and DAL could be fine for a scalp if break lod
[15:00] {fernp} .
[15:01] {Threei} Prez on TV
[15:11] {magoo} :(
[15:12] {Threei} ?
[15:14] {Threei} CGEN woke up
[15:15] {Threei} let's see if we get a pullback under .30
[15:16] {Threei} CGEN Update: Price target raised to $12 at Cantor Fitzgerald, maintains Buy rating
[15:16] {Threei} wow
[15:16] {Threei} let's keep it as a gap candidate
[15:17] {Threei} this is something very likely to attract attention overnight
[15:18] {Threei} Barton Biggs: USD could rise 10%; feels USD is undervalued vs the Euro (related EUR/USD )
[15:28] {Threei} a bit more on CGEN so you could make up your mind:
[15:28] {Threei} Price target raised 60% to $12 from $5 at Cantor Fitzgerald, maintains Buy rating
[15:28] {Threei} - Firm believes Roche's acquisition of two early stage assets, Alnylam's European RNAi development operations for $300M plus the RNAi delivery company, Mirus, for $125M for a total of $425M provide a good comparitor for Compugen due to the early development stage and long-term value its technology is expected to have for pharmas and diagnostic companies.
[15:30] {strider} long from 5.40 for overnight
[15:31] {fernp} I was long from .46 and sold .61
[15:32] {Threei} don't want to suggest it for right now strider, but something to consider in the future in this kind of situastion:
[15:32] {Threei} umbrella trade,
[15:32] {Threei} get double lot,
[15:32] {Threei} scalp one
[15:32] {Threei} hold another
[15:32] {strider} good idea.
[15:33] {Threei} review umbreall concept in scalping video course
[15:33] {Threei} it's exactly the situation to apply it
[15:33] {strider} In this case, I bought in another acct.
[15:34] {strider} NOt ready to hold overnight in daytrading acct.
[15:35] {fernp} me too, I use another account for overnight. holding AEO. let's see if opens with gap
[15:43] {Threei} EUR/USD CFTC: speculators have gone long the USD for the first time since May (update)
[15:44] {Threei} CFTC claims to know what side "speculators" take?
[15:44] {Threei} and just who is on another side?
[15:44] {Threei} not other speculators?
[15:44] {magoo} anti-speculators
[15:44] {Threei} sigh
[15:44] {Threei} idiocy reigns
[15:48] {dino} lol
[15:50] {Threei} I played CGEN half right
[15:50] {Threei} took double lot, that was fine,
[15:51] {Threei} sold one at .57, fine,
[15:51] {strider} not lookong too strong right now.
[15:51] {Threei} but then should have sold half lot more over .60, to replace it on pullback
[15:52] {strider} you think it's still a valid overnight?
[15:52] {Threei} it's those who don't want overnight exiting, strider
[15:52] {Threei} what changed?
[15:52] {strider} didn't run up to the high.
[15:53] {Threei} look at it from the p;oint of view of reason foer the gap
[15:53] {Threei} for those who see it after coming back home
[15:53] {strider} It's been gapping for 3 days.
[15:54] {Threei} 52 week high, news, upgrade by solid house with insane target
[15:54] {Threei} today's nwews come on the heel of the one a few days ago
[15:54] {Threei} altogether creates this "things are happening for this company" feeling for our beloved overnight buyers
[15:55] {Threei} normally this is what I want to see to buy for a gap
[15:55] {strider} ok
[15:55] {Threei} hey, I am not convincing you
[15:55] {Threei} overnight is totally discretionary
[15:55] {strider} I understand:)
[15:55] {Threei} just expressing my own approacvh
[15:56] {Threei} but risk tolerance is different
[15:56] {Threei} so....
[15:58] {fernp} AEO ending on highs holding 500 for tomorrow
[15:59] {Threei} okay guys, thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[16:00] {lasertrev} see ya Vad
[16:00] {fernp} AEO nice daily too, maybe screeners will spit AEO like breakout play. Let's see

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} *(US) RICHMOND FED MANUFACTURING INDEX: -4 V 5E
[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.
[12:20] {nemo} BWAHHAHAHAHAHAHAHAAAAA
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