Monday, January 11, 2010

Jan 11 2010

Quiet and boring once again, with the exception of SEED that got nice rocket-like move off the news. Other than that, setups mostly worked 50/50, maybe 51/49 at best.

Session Time: Mon Jan 11 00:00:00 2010

[08:02] {strider} ACI
[08:02] {nemo} pick a resource stock strider
[08:04] {nemo} many of them are breaking out of long=term bases
[08:04] {nemo} -
[08:09] {strider} Fly just gave the symbol for Helen of Troy as HELL
[08:09] {nemo} HELLenic
[08:10] {nemo} o.k....maybe it's a little early to have started drinking
[08:16] {nemo} cycc
[08:16] {strider} CYTX also
[08:17] {nemo} no vloume yet
[08:21] {nemo} huge offers appeared at .25 and .27, knocked cycc back a bit...they're gone now
[08:58] {fernp} Good morning everybody
[08:59] {Threei} good morning
[08:59] {fernp} Vad :-)
[09:00] {nemo} cycc...nice chart for .16 break
[09:00] {nemo} volume inconclusive
[09:03] {nemo} look at .15 offer cyccc
[09:03] {ese} good morning
[09:03] {Threei} ese :)
[09:04] {Threei} GNBT Major U.S. Pharmacy Chain to Market Generex's Crave-NX(TM) 7-Day Diet Aid Spray Throughout Its Nationwide Network of Over 7,000 Stores
[09:04] {Threei} - Reached an agreement with a major nationwide pharmacy chain to market the Company's proprieta... (0.61, 0.00, 0.00%) more...
[09:06] {nemo} .16 break worked great
[09:11] {Threei} lol
[09:11] {Threei} lookie ghere
[09:11] {Threei} CYCC To Raise Up to $9.5M in Registered Direct Offering (approx. 13% of market cap)
[09:11] {Threei} - The offering includes the sale and issuance of 2.85 million units, each unit consisting of one sha... (2.96, 0.00, 0.00%) more...
[09:11] {Threei} each unit consisting of one share of the Company's common stock and a cash warrant to purchase 0.25 shares of common stock, at a purchase price of $2.51 per unit.
[09:12] {nemo} that explains that
[09:14] {dino} gm all
[09:15] {strider} morning everyone
[09:15] {strider} So, how cold is it?
[09:15] {dino} 6
[09:15] {strider} IT's so cold I saw a Democrat with his hands in his own pockets.
[09:15] {Threei} dino, strider
[09:15] {dino} lol
[09:16] {fernp} lol
[09:16] {fernp} AA .50 break is interesting
[09:16] {lasertrev} morning
[09:16] {nemo} looking t that fern
[09:17] {Threei} trev :)
[09:19] {dino} tanker rates up
[09:21] {strider} out PALM from 12.39 Friday, +.31
[09:21] {dino} gj
[09:21] {fernp} wtg st
[09:22] {strider} it was starting to look kind of droopy.
[09:22] {strider} Holding VE from 36.37
[09:30] {Les} GM. DYAX is back tob/o levels again
[09:30] {Threei} Les :)
[09:30] {dino} jst drop again
[09:31] {strider} short CYCC 2.81
[09:31] {Threei} CAAS
[09:31] {Threei} Sunday, January 10, 2010 10:40:30 PM
[09:31] {Threei} China Automotive Systems, inc. Profiled in Investor's Business Daily's "New America" column
[09:31] {Threei} - The company is the top supplier of power-steering systems and components in China.
[09:31] {Threei} - CAAS has been entering into agreements to supply Chinese and foreign car manufacturers with components.
[09:31] {Threei} - According to an analyst at Rodman & Renshaw, most of the Chinese auto component players may grow faster than the overall auto market until demand and supply normalize.
[09:32] {Threei} nice entry strider
[09:33] {strider} hoping one more leg
[09:34] {nemo} no hoping strider
[09:34] {nemo} makes you think
[09:34] {Threei} Long Setup: CYTX 7.40
[09:35] {strider} out .75
[09:36] {strider} dumy...thought I was in for more than that.
[09:36] {strider} dummy
[09:36] {nemo} no, you were hoping, not executing a plan
[09:36] {strider} shut up, nemo.
[09:36] {fernp} invalidated CYTX?
[09:36] {nemo} o.i
[09:36] {Threei} not yet
[09:36] {nemo} o.k.
[09:37] {Threei} but I'd prefer different entry now
[09:37] {Threei} .30 break if stays above .20
[09:38] {dino} meli
[09:38] {Threei} idea is still .40 break, just prefer aggressive entry
[09:38] {fernp} ok
[09:39] {Threei} sdo what's wioth PEIX
[09:39] {Threei} does ethanol really come back?
[09:39] {dino} sm l .00 risky meli
[09:39] {patience} made me look
[09:39] {Les} FCX is sitting on 90 support, with a big ass $2 gap to fill if it falls
[09:40] {Threei} doubled in two days
[09:41] {nemo} [09:36] {strider} dummy {-----not
[09:41] {dino} option exp week
[09:43] {fernp} LM .95 break?
[09:43] {strider} in CYTX .31
[09:44] {Threei} yes fern
[09:44] {fernp} ty
[09:45] {Les} FCX .90 b/d with 90 stop Vad?
[09:45] {Les} nope
[09:45] {Threei} no :)
[09:45] {Threei} Long Setup: GLD .30 break
[09:45] {Threei} if stays above .20
[09:47] {Threei} TTWO Hearing renewed takeover chatter
[09:47] {Threei} - today's speculation revolves around possibility Icahn has entered talks with Time Warner (10.61, +0.19, 1.82%) (related TWX )
[09:48] {dino} meli stopped .33
[09:48] {dino} -
[09:49] {dino} aixg, hele
[09:51] {Threei} no go GLD
[09:51] {strider} stop GLD
[09:51] {ese} invalidated
[09:51] {Threei} 3 cents shy of 1:1
[09:51] {strider} out 1/2 CYTX
[09:51] {Threei} 1/2 out CYTX
[09:52] {fernp} ty
[09:53] {dino} ioc
[09:53] {Threei} BCRX Early strength attributed to a report circulating that several flu vaccines have been approved in early January by the Japanese Ministry of Health. Labor and Welfare (MHLW)
[09:53] {Threei} - The first reports on pandemic flu vaccines manufactured by GlaxoSmithKline and Novartis being appr... (8.05, +0.20, 2.55%) more... (related GSK )
[09:54] {fernp} GRO takeover rumor
[09:55] {dino} ioc bloody
[09:55] {Threei} I am not sure anyone's interested in stock named CACA, but mnentioning it just in case
[09:56] {Les} my children would be amused by said stock
[09:56] {Threei} I know I am
[09:56] {fernp} caca = shit in spanish
[09:56] {Les} yeh but you're easily amused:)
[09:56] {Threei} true
[09:57] {Threei} I made a plea to keep my sense of humor at 14 years old level
[09:57] {Threei} anfd it turned out a plea amazingly easy to keep
[09:57] {nemo} gotta' add 10 years to it then
[09:57] {Les} well you are certainly more enjoyable to listen to than Ben Bernanke making a speech
[09:58] {Les} maybe everyone should aim for 14
[09:58] {Threei} that has easy explanation
[09:59] {Threei} in my view of humor, it's funny when a person falls in the paddle face first
[09:59] {Threei} in Ben's, it's funny when the whole country does
[09:59] {Les} lol
[10:00] {Threei} Long Setup: WFC .80 break
[10:00] {Threei} if stays above .70
[10:00] {nemo} .80 200 ma
[10:01] {dino} meli re-load .50 sm
[10:02] {strider} stop bal. C
[10:02] {Threei} CYTX stop is under b/e for the second half btw
[10:02] {strider} yTX +.02
[10:02] {strider} stop CYTX +.02
[10:02] {ese} in .81
[10:02] {ese} wfc
[10:02] {strider} short ASBC .21
[10:03] {strider} cover +.11
[10:03] {dino} ioc wants 75ish strike
[10:05] {dino} mmr
[10:06] {strider} out flat WFC, don't like the futs.
[10:06] {Les} short nvda .27
[10:06] {dino} amag
[10:08] {dino} ioc 75s
[10:08] {Threei} Attention: WFC stop to under .75
[10:08] {dino} sm l .25
[10:10] {dino} stopped -.28
[10:12] {Threei} WFC 3 cents shy of 1:1
[10:13] {Threei} is it a new pattern?
[10:13] {Les} out nvda +.10
[10:13] {Threei} let's take profits at .7:1?
[10:13] {Threei} or 1:.7
[10:13] {fernp} have to say that I sold .86
[10:13] {ese} almost stopped
[10:13] {Threei} good move
[10:14] {strider} long AMZN .75
[10:14] {Les} I followed strider out flat
[10:14] {ese} out wfc stopped .73 -.09
[10:15] {ese} should have taken it at .86 i'm my own worst enemy
[10:15] {Les} NVDA .17 b/d?
[10:15] {Les} .25 stop?
[10:16] {Threei} probably
[10:16] {Threei} prwetty much depewnds on market
[10:17] {Threei} what's with w
[10:19] {Threei} CYCC death march
[10:20] {dino} ioc rinsed
[10:20] {Threei} GLBL, pretty daily
[10:21] {Threei} CGEN?
[10:21] {Threei} no news here
[10:21] {strider} takeover speculation
[10:22] {ilana} RIMM db?
[10:23] {Threei} looks good for bouynce with stop under .50 if market helps, I just don't see clear trigger
[10:24] {ilana} on TEVA similar, trigger could be 59 break?
[10:24] {dino} fds sm l .55 thin
[10:24] {Threei} if holding above .90 TEVA...
[10:25] {strider} long FDS also., .55 stop lod
[10:27] {strider} FDS stop below .0
[10:27] {strider} 40
[10:27] {dino} meli capit, strange
[10:27] {Les} short teva .89
[10:27] {nemo} venezuela
[10:34] {fernp} LM cruel. stopped me out and now it is at 1:2
[10:34] {dino} ioc feels like re-test
[10:35] {strider} stopped FDS
[10:36] {strider} stopped AMZN
[10:37] {Threei} Market Internals update at 10:30amET
[10:37] {Threei} - NYSE volume 235M shares, about 6% below its three-month average; advancers lead decliners by 1.2:1.
[10:37] {Threei} - NASDAQ volume 565M shares, about 17% above its three-month average; decliners lead advancers by 1.1:1.
[10:37] {Threei} - VIX index -4.25% to just over 17.00
[10:37] {Threei} AA sharp selling
[10:38] {Les} woha TEVA just blew out my stop
[10:38] {Threei} let's see if we get double bottom on AA
[10:38] {Threei} pullback, holding .20, breaking .25
[10:39] {nemo} .21 pivot support
[10:39] {nemo} here vad, or looking for pull back?
[10:40] {Threei} no pullback... not the way I want it to play out
[10:42] {dino} aa announces tonight i think
[10:42] {nemo} yes
[10:43] {Threei} let's see if we get an ebtry on pullback under .25
[10:43] {Threei} entry too
[10:44] {ese} L wfc .82
[10:44] {dino} ioc lod
[10:48] {fernp} AA vad? 30 break or dive under .25?
[10:48] {Threei} Long Setup: RMBS .50 break
[10:49] {Threei} I'll let .30 break go fern
[10:49] {Threei} don't view it as a valid setup
[10:49] {dino} tup
[10:49] {fernp} ok
[10:49] {fernp} RMBS stop under .40, no?
[10:49] {Threei} yup
[10:53] {ese} out wfc .94 +.12
[10:53] {ese} that evens the score
[10:53] {Threei} way to get revenge
[10:53] {Threei} TASR non-stop
[10:54] {ese} tks vad........too much politics going on at school i need someone to think for me this morning
[10:55] {Threei} RMBS will be decided by which side breaks, .42 or .44 big orders
[10:57] {Threei} so far so good
[10:59] {Threei} IOC Hearing defended at Natixis (timing uncertain) (72.75, -10.90, -13.03%)
[11:02] {Threei} XLF Obama may announce new fees on Banks to help reduce deficit in February budget plans (15.30, +0.08, 0.53%)
[11:02] {Threei} sure, why not
[11:03] {Threei} it's not like they would be passing those fees on customers
[11:03] {nemo} nah...never
[11:03] {ese} .50 break still good with Rmbs
[11:03] {Threei} if holding .40
[11:04] {Threei} fee aims to recover money taxpayers had lost in the financial system bailout
[11:04] {Threei} lol
[11:05] {Threei} no go RMBS
[11:05] {fernp} ufff no go
[11:05] {Threei} I hate mondays
[11:06] {Threei}
[11:06] {Threei} so, let me get this straight
[11:06] {Threei} 1. you taxpayer provide bailout money
[11:06] {Threei} 2. we want to repay you
[11:07] {Threei} 3. we charge you additional fee via banks
[11:07] {Threei} 4. that collected fee is how we repay you
[11:08] {Threei} essentially you've been robbed twice, but in one of robbery cases you get your money back
[11:08] {Threei} and we call it even
[11:09] {Threei} AA back to .20 sdupport
[11:10] {Threei} don't see an entry yet
[11:10] {fernp} long?
[11:10] {Threei} not even sure about that
[11:10] {Threei} could turn into short on .20 break
[11:11] {Threei} if market breajs down, that's what moist likely will transpire
[11:11] {nemo} watching for db on mos
[11:11] {nemo} I lied...joyg
[11:19] {nemo} db on Qs?
[11:20] {Threei} no way to tell
[11:20] {Threei} breakdown is just as likely
[11:20] {Threei} what's with INCY
[11:21] {nemo} well 2nd bottom looks like reverse H&S also
[11:23] {Les} GLD lod b/d? .05 stop?
[11:23] {nemo} so much for that brilliant (not) insight by moi
[11:23] {Threei} chart wise yes... GLD history wise, no
[11:24] {fernp} good answer :-)
[11:24] {Threei} it tend to drop sharply off more or less random points somewhere up there
[11:24] {Threei} but fails breakdowns of the low
[11:24] {Threei} look at its today's 1 min
[11:25] {Threei} you'll find a lot of those drops for which there is no real indicatiojn
[11:25] {Threei} and no sinhgle successful break of the low
[11:25] {Les} ok. missed the $2 gap on fcx. looking for GLD to pay up
[11:26] {Les} but yes, remember you and GLD
[11:33] {nemo} yeah, tht bottom seems to have heald on the Qs
[11:34] {nemo} two spelling many do I have to make to get the 3i reward?
[11:34] {nemo} award
[11:34] {dino} gpn sm l .50
[11:35] {fernp} PFE if breaks hod, Vad?
[11:37] {Threei} I like it...
[11:37] {Threei} my problem is, not much of what I like worked so far
[11:39] {Les} should have gone with your logic on GLD. would be rolling in it now
[11:46] {Les} X 63 b/d?
[11:46] {Threei} XING again
[11:46] {Les} this little bounce providing .20 stop?
[11:46] {Threei} what's with this little piece of crap
[11:47] {Threei} could be, X works nicely on a short side with market help
[11:48] {Les} would prefer .10 stop if it consolidates a little longer
[11:49] {nemo} volue supportive of a break up
[11:49] {Threei} no such luck
[11:55] {Threei} good read nemo
[11:56] {nemo} ty...but a tad lucky on that kinda' foggy
[11:56] {strider} dino, what's your target for GPN?
[11:59] {dino} .90 at least
[11:59] {dino} watching jst
[12:00] {nemo} watch the .82 level
[12:00] {nemo} tck
[12:00] {dino} i'm a bit off today, these drops are brutal
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 405M shares, about 8% below its three-month average; advancers lead decliners by 1.1:1.
[12:00] {Threei} - NASDAQ volume 990M shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.
[12:00] {Threei} - VIX index -4.25% to just over 17.00
[12:01] {nemo} it might be going to test the low of 11
[12:13] {fernp} .
[12:14] {Threei} VRNM Hearing vague chatter of possible large contract (5.30, +0.21, 4.13%)
[12:15] {nemo} mmmhhh...joyg volume spikes just below .90 200 ma.
[12:15] {nemo} either a niche resting place before onward march, or possibly setting up for a short
[12:16] {nemo} .89 is vwap too
[12:16] {nemo} nice=niche
[12:16] {nemo} what a day
[12:17] {Threei} PEIX... mama
[12:18] {Les} another $2 stock going insane. where's the beef?
[12:20] {fernp} PFE worth a try, Vad?
[12:20] {Les} C&H AMZN?
[12:20] {Les} can't see entry point
[12:21] {dino} jst sm l .25
[12:21] {Les} looks like its a b/d
[12:23] {dino} stopped again, whooshed me
[12:24] {dino} should've stayed home
[12:25] {Les} possible db on FSLR. Nemo?
[12:28] {nemo} volume increasing into price...that's a good sign, but it's coming right into resistance here
[12:28] {nemo} even if it breaks .50 it has to get through .60
[12:29] {nemo} volume into .50 break go small, maybe add if it powers through .60...just a thought....I know strider...shutup, nemo.
[12:29] {fernp} 1:1 PFE double lot
[12:29] {Threei} Short Setup: AIG .29 if stays under .35
[12:29] {fernp} im green again :-)
[12:30] {dino} gj
[12:30] {nemo} we'll call you kermit
[12:30] {Threei} so you ARE from Mars
[12:30] {fernp} mars, yeah
[12:30] {nemo} oh, Les...don't forget...lunchtime
[12:31] {fernp} walking down Mars with money on my pockets :-)
[12:32] {ese} see you all tomorrow.......
[12:32] {Les} ciao ese
[12:32] {Threei} and eyeing possible visitors from Venus to spend money on
[12:32] {fernp} bye ese
[12:32] {nemo} tftw ese
[12:32] {Threei} take care ese
[12:32] {ese} les fern dude
[12:32] {nemo} good one 3i
[12:32] {ese} vad
[12:32] {strider} in AIG ,29
[12:33] {ilana} correction: to invest it
[12:33] {Threei} in visditors from Venus??
[12:33] {ilana} it=in
[12:33] {strider} Vad will you take 1:1 at .23?
[12:33] {ilana} yes
[12:33] {Les} aren't women from venus?
[12:33] {nemo} that's the joke Les
[12:33] {Threei} even at ,24, strider
[12:34] {Les} call me naive
[12:35] {Threei} we martians do not invest in venus habitants... we we spend on them with no appreciacable return
[12:35] {nemo} consumables
[12:37] {Threei} 1:1 AIOG
[12:37] {Threei} AIG
[12:37] {Les} lunch money on AIG +.05 ty
[12:37] {Threei} lunch on Les
[12:38] {Les} happy meals only
[12:38] {Threei} happy meal = drink with umbrella
[12:39] {Les} lol. Mcdonalds obviously different in Canada
[12:44] {Threei} (US) Fed's Lockhart: Sees US GDP at 3.0-3.5% in second half of 2010; consumer spending remains cautious
[12:44] {Threei} - Concerned about emerging proposals for measure that could politicize the input from regional banks
[12:44] {Threei} - "Reasonably comfortable" with projections noting inflation will remain in check for the immediate future
[12:46] {Threei} 17% Expect Health Care Plan To Lower Costs, 57% Expect Costs to Go Up
[12:47] {Les} AA might be a .20 b/d. 10 cent gap to fill from yesterday
[12:48] {strider} stopped balace AIG b/e
[12:49] {strider} short HOG .23
[12:49] {strider} stop .27
[12:52] {strider} cover HOG +.03
[12:54] {Les} out aa +.05. fighting for pennies today
[12:54] {Threei} oh great, now they discuss MRI scanners for each airport
[12:54] {Threei} weren't those recently shown to provoke cancer growth?
[12:54] {strider} save on medical costs.
[12:54] {Les} hey you're paying for it
[12:57] {Threei} I have three airport gates to go through on the way to Bahamas
[12:57] {Threei} so not looking forward
[13:00] {strider} cover XING short +.13
[13:07] {Threei} nothing even breathes, let alone moves
[13:11] {strider} DIA forming c&h 1min
[13:17] {Threei} GM CEO Promises Profit for Taxpayers
[13:17] {Threei} you excited?
[13:19] {nemo} frickin' computer froze
[13:19] {Threei} global warming in action?
[13:19] {nemo} ba da bum!
[13:20] {strider} dino, I think we've arrived at a fair price for GPN.
[13:22] {Threei} remember how CYTX caught us ioff guard by late day break of 7.50?
[13:22] {Threei} look at this consolidation
[13:23] {ilana} should we catch it this time?
[13:23] {Threei} certainly looks tempting for the break
[13:24] {dino} maybe strider, thing is slow
[13:24] {nemo} al of a what .04-.05 risk?
[13:25] {strider} Didn't CYTX close down yesterday?
[13:25] {Threei} at 7.25
[13:25] {Threei} +1.25, hardly down, lol
[13:27] {fernp} CYTX stop is under .40 or .45?
[13:28] {nemo} for you fern. .45
[13:28] {nemo} :)
[13:28] {Threei} lol
[13:28] {nemo} I know strider...shut up, nemo
[13:28] {Threei} he is right actually
[13:28] {Threei} both are valid
[13:28] {fernp} lol
[13:28] {nemo} yeah, fern a scalper
[13:29] {nemo} .40 is 200 period ma
[13:38] {Threei} if I see a setup, start typing it now 1 letter pwer line, and falling asleep for couple minutes between letters, I will npo doubt manage to type it in time anyway
[13:42] {strider} YOu could just give us one letter at a time vad.
[13:43] {nemo} lvs break .46
[13:43] {nemo} stop under .40
06[13:45] * nemo stabs lvs with a hot poker
[13:46] {strider} GPN actually has a decent setup now.
[13:50] {fernp} kick Vad, kick
[13:50] {Threei} who is is poor one who hears fern and tries to do that?
[13:51] {fernp} only need two cents more...
[13:53] {nemo} fdx strong today
[13:54] {nemo} scratching lvs
[13:56] {Les} PEIX at a b/o point
[13:57] {nemo} yep
[13:57] {nemo} big bid .68
[13:57] {nemo} oops
[14:00] {Les} fdx
[14:00] {Les} wrong screen
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 570M shares, about 11% below its three-month average; decliners lead advancers by 1.1:1.
[14:00] {Threei} - NASDAQ volume 1.38B shares, about 6% above its three-month average; decliners lead advancers by 1.1:1.
[14:00] {Threei} - VIX index -3% to just over 17.50
[14:07] {Les} l small amzn .70
[14:09] {Threei} CA) BoC: Strength of the CAD is a drag on economic growth
[14:09] {Threei} you don't say
[14:11] {Threei} fern... your 1:1 arrived
[14:11] {fernp} ty very much
[14:15] {Les} stopped amzn .55
[14:16] {Threei} Cuomo Pushes Banks for Bonus Info
[14:16] {Threei} so it has become a legal issue now?
[14:17] {dino} swm
[14:17] {Threei} hard to believe it
[14:18] {strider} short AMZN .51
[14:19] {Les} amzn .50 b/d?. give it larger stop. .70?
[14:19] {Threei} cxan't tell Les
[14:19] {Threei} 50/50
[14:21] {strider} stop AMZN .59
[14:24] {Threei} for all practical intents and purposes, CYTX hit 1:1
[14:24] {nemo} I'll pop the champagne
[14:26] {Threei} wait for some species from Venus to pass by and aim at it (her?),
[14:26] {Threei} may be double benefit
[14:27] {Les} NFLX
[14:27] {Les} .95 b/d?
[14:27] {fernp} still in Mars but w/more money in my pockets :-)
[14:27] {Les} 53 stop?
[14:27] {Threei} I'd try it
[14:27] {dino} sxci
[14:28] {nemo} your in an area of major support though les
[14:29] {Les} ok seen it ty
[14:33] {nemo} hard to say, but might have just got a DB on nflx
[14:33] {dino} mstr
[14:34] {nemo} that's awful liquid for you...63k volume and only a .12 spread
[14:34] {dino} mr
[14:35] {nemo} chinese medical equpment...had forgotten all about this one...earnings today?
[14:36] {dino} out gpn thing won't move
[14:37] {Threei} Earnings
[14:37] {Threei} Before the Open: MDRX, HELE. After the Close: AA, WDFC.
[14:40] {Les} X might be a DB.
[14:41] {strider} out GPN +.03
[14:41] {strider} geez
[14:41] {Threei} lol
[14:41] {strider} penny an hour
[14:41] {Threei} strider... try not to spend it all at once
[14:41] {Threei} you may cause inflation spike
[14:43] {strider} you get the feeling something's gonna happen soon?
[14:43] {strider} Maybe not today, but soon.
[14:43] {nemo} define "soon."
[14:43] {Threei} yes but I have hard time telling gut fweeling from acid reflux
[14:45] {strider} I think I picked the wrong time to start trading.
[14:45] {Threei} kidding?
[14:45] {strider} no.
[14:45] {nemo} I picked the wrong time to be born
[14:45] {Threei} it's the best
[14:45] {strider} splain.
[14:45] {Threei} we are going through relatively quiet period,
[14:45] {Threei} volatility contracting to almnost unbelieavble degree,
[14:46] {Threei} VIX nears all time lows,
[14:46] {strider} how is this good?
[14:46] {nemo} 11
[14:46] {nemo} has to snap back
[14:46] {Les} cause you're learning when it is friggin difficult
[14:46] {Threei} you have an opportunity to parctice risk control and finding the opportunities during such quiet and easy to control time
[14:47] {Threei} mistake is not egetting punished by 200 points DOW drop
[14:47] {Les} hmm good point
[14:47] {Threei} When the band stretches too much
[14:47] {Threei} and volatility returns with the bang
[14:47] {strider} But hardly any setups work.
[14:47] {ilana} now it's about to lose less, not to earn more, i guess :-)
[14:48] {Threei} you'll be well prepared, witbn some flight hours under your belt.
[14:48] {Threei} nailed it Ilana
[14:48] {Les} I thought it'd be sugar and cream with big moves like a 200 point day
[14:48] {dino} chin up strider
[14:48] {Threei} imagine you started trading a year ago
[14:48] {Threei} last October
[14:48] {Threei} yeah, your setups would have worked
[14:48] {nemo} frickin' roller coaster
[14:49] {nemo} wake up in the morning to limit down on the futes
[14:49] {Threei} and those that didn't would have literally destroyed you
[14:49] {nemo} oy vay
[14:49] {Threei} to put it in simpler terms,
[14:49] {Threei} you prefer to learn swimming in the shallow near the shore or in the deep waters during the storm?
[14:49] {strider} I don't have trouble taking stops.......
[14:50] {strider} I paid for that lesson 6 years ago.
[14:50] {strider} I don't need any more practice taking stops, thank you very much:)
[14:50] {Threei} well, it's npot only stops
[14:50] {Threei} executions, spotting right setups,ight conditions for them to work
[14:50] {Threei} there are many moving parts
[14:51] {strider} yeah. I'm learning that stuff..true.
[14:51] {Threei} Things are fast anbd furious - enviroment is less conducive for kearning
[14:51] {dino} sm l sxci .30
[14:51] {strider} OK.....been learning for 4 months.......I'm ready for a decent market.
[14:52] {Threei} it will come
[14:52] {Threei} then it will stay with us for a while
[14:52] {Threei} then it will become indecently volatile
[14:52] {nemo} until 2012
[14:52] {Threei} then you'll start begging for calmer one
[14:52] {Threei} then it'll come
[14:52] {Threei} and whiole cycle will repeat
[14:52] {Threei} ask me how I know
[14:53] {nemo} mystic clairvoyant?
[14:53] {strider} mystic pizza guy?
[14:53] {Threei} psychic linew
[14:53] {Threei} -w
[14:53] {strider} $8/minute?
[14:53] {Threei} mine charges $12.50
[14:53] {nemo} anybody call?
[14:54] {dino} always does
[14:54] {dino} mmr wow
[14:54] {nemo} look at meli dino
[14:54] {Threei} but what choice do I have, I tried to steal magoo's crystal ball and found out he broke it long ago
[14:54] {dino} i just travel ahead
[14:55] {dino} i see it nemo, gets to about 46.20 and drops
[14:55] {Threei} I can't dino... magoo dropped his crystal ball on my time machine
[14:55] {nemo} .15 vwap
[14:55] {Threei} andf broke my flux capacitor
[14:57] {dino} we'll have to stay on meli tomorrow
[14:57] {Threei} shit
[14:57] {Threei} I need a gun
[14:57] {Threei} I want to shoot myself, now
[14:57] {nemo} need the janitor
[14:57] {Threei} anyone ha\d CNN on just now?
[14:57] {nemo} what, found your flux capacitor?
[14:57] {nemo} no
[14:57] {dino} no
[14:58] {Threei} 12 years old wrote an iPhone application teaching people how to trade stocks,
[14:58] {Threei} based on his experience
[14:58] {Threei} which was:
[14:58] {Threei} he ate goldfish creackers one morning
[14:58] {Threei} liked them,
[14:58] {Threei} lkooked up on google who makes them,
[14:58] {Threei} fiound out it was Campbell soup
[14:58] {Threei} and invested in it in some paper trading contest
[14:59] {Threei} stop the Earth, I want to get off
[14:59] {Threei} fern, I am coming to Mars, got a tent for me?
[14:59] {Les} I'd be happy if he shared his app
[14:59] {Les} just so long as people returned to stockmarket
[14:59] {fernp} ok, nice girls over here :-)
[15:00] {dino} lol, just need to know what he eats
[15:00] {Threei} really? they are not all on Venus?
[15:00] {fernp} here u can find girls with a single eye
[15:01] {Threei} oh good... with my looks, blind ones would be even better
[15:01] {fernp} lol
[15:02] {fernp} DOWS on highs, NASDAQ on lows and SP in nowhere
[15:02] {fernp} DOW
[15:02] {ilana} and deaf ones too... sometimes
[15:02] {nemo} dino 17% of meli revenue from Venezuela
[15:02] {fernp} thay are perfect, iliana
[15:03] {dino} that explains alot
[15:03] {Threei} now Ilana, that would be too giood,,, I go to Mars, not tio heaven...
[15:03] {dino} you see the new law that they will take over businesses that increase prices there?
[15:03] {dino} atlas shrugged
[15:03] {nemo} oh yeah
[15:04] {dino} next it will be illegal to change jobs
[15:04] {dino} that country is blowing up fast
[15:04] {nemo} where do you think Obama is getting his ideas?
[15:04] {dino} meli at the .20
[15:04] {dino} i fear that is true
[15:05] {nemo} see if it can hold it here dino, vwap at .15
[15:05] {fernp} GCI let's try a scalp
[15:05] {nemo} last time it made it to vwap it backed off
[15:05] {dino} problem is it drops fast
[15:05] {strider} SEED
[15:05] {dino} mmr and mr are unstoppable
[15:06] {nemo} frickin seed, took that off this morning
[15:06] {Threei} still n o news here
[15:07] {Les}
[15:08] {Les} Israeli approach to airport security - interesting
[15:08] {Threei} SEED FMR LLC discloses passive 13% stake - filing (12.70, +0.54, 4.44%)
[15:08] {strider} FMR cop reports passive 13% stake in SEED, fwiw
[15:08] {nemo} as passive as 13% can be
[15:09] {nemo} lotta' selling at market in meli
[15:09] {nemo} think fmr is selling into the spike?
[15:10] {nemo} :)
[15:12] {Threei} where is magoo
[15:12] {Threei} his stock
[15:12] {Threei} his move
[15:12] {Threei} he lives fior this sruff
[15:12] {nemo} something about sheep
[15:12] {dino} he's here
[15:13] {Threei} oh so he decided to ignore us
[15:14] {dino} guess so
[15:14] {Threei} did he get SEED?
[15:15] {Threei} bla, eh?
[15:15] {dino} look jst
[15:17] {Threei} VOXX Reports Q3 $0.55 v $0.26e, R$155M v $196M y/y (7.17, +0.15, 2.14%)
[15:21] {dino} stst
[15:21] {dino} 2 bucks
[15:22] {dino} c'mon retest hod
[15:29] {Threei} SEED looks like 14
[15:32] {Threei} watch for bounce off .50
[15:35] {Threei} here comne 14
[15:38] {dino} nemo meli
[15:40] {Threei} anyone got SEED?
[15:40] {fernp} not here
[15:40] {strider} fescue.
[15:41] {dino} no
[15:43] {Threei} Market Internals update at 3:30pmET
[15:43] {Threei} - NYSE volume 730M shares, about 11% below its three-month average; advancers lead decliners by 1.1:1.
[15:43] {Threei} - NASDAQ volume 1.75B shares, about 5% above its three-month average; decliners lead advancers by 1.1:1.
[15:43] {Threei} - VIX index -3% to just over 17.50
[15:51] {Threei} amazing strength into close, SEED
[15:58] {Threei} GOOG Hearing vague chatter regarding reports of a positive ruling over YouTube unit (601.73, -0.29, -0.05%)
[15:59] {dino} out sxci .70, +.40
[15:59] {Threei} okay guys, if I am a bit late tomorrow mnorning - that's because I am setting up things on Mars, fern helps me with internet connection from my tent, etc
[15:59] {Les} ok thanks vad. night all
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {ilana} gn
[15:59] {nemo} cu
[15:59] {Threei} see you tomorrow
[16:00] {Threei} dino... tell me magoo got SEED
[16:00] {Threei} AA Halted: news pending (17.45, +0.43, 2.53%) \