Feb 25 2010

Another slow and profitable day. 5 plays, 4 wins. To deal with boredom later we made traditional beer bets on where the DOW finishes the day and I won by betting on -50

Session Time: Thu Feb 25 00:00:00 2010

06[08:19] * nemo slaps _jfjf64 around a bit with a large trout

[08:26] {Threei} US) Fed's Pianalto: Not seeing any "warning signs" of inflation, recovery "does not feel like one"

[08:26] {Threei} - Markets expect low inflation for next five years.

[08:29] {nemo} mmmhhh...wonder if fas will be good play off initial claims

[08:29] {Threei} PALM Halted: news pending

[08:30] {nemo} initial claims must suck

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 496K V 460KE

[08:30] {Threei} CONTINUING CLAIMS: 4.617M V 4.570ME

[08:30] {nemo} bohica

[08:31] {nemo} what about durable orders?

[08:31] {Threei} *(US) INITIAL JOBLESS CLAIMS: 496K V 460KE; CONTINUING CLAIMS: 4.617M V 4.570ME

[08:31] {Threei} - Prior Initial Claims revised higher from 473K to 474K

[08:32] {nemo} so, now where back to where we were Monday

[08:32] {nemo} or Tuesday rather

[08:39] {fernp} Good morning everybody

[08:40] {nemo} good afternoon, fern

[08:41] {fernp} nemo :-)

[08:42] {Threei} fern :)

[08:55] {Threei} Fed's Pianalto: mortgage modifications have proved more difficult to execute than anticipated - Q&A

[08:55] {Threei} wow

[08:55] {Threei} something was harder for fed than they thought? say it ain't so

[09:00] {Threei} poor PALM

[09:00] {Threei} Palm, Inc Lowers FY10 guidance to 'well below' previous target of $1.6-1.8B; Guides Q3 Rev $300-320M v $425Me

[09:00] {Threei} - Palm expects fiscal year 2010 revenues to be well below its previously forecasted range of $1.6B to $1.8B. The company will provide more detail on its financial results during Palms third-quarter financial results conference call currently scheduled for Thursday, March 18.

[09:00] {Threei} - Expects to close its third fiscal quarter with a cash, cash equivalents and short-term investments balance in excess of $500M.

[09:00] {Threei} - Driving broad consumer adoption of Palm products is taking longer than we anticipated, said Jon Rubinstein, chairman and chief executive officer. Our carrier partners remain committed, and we are working closely with them to increase awareness and drive sales of our differentiated Palm products.

[09:01] {nemo} how'd you like to be one of those saps that bought at 8.40 this morning

[09:02] {Threei} I wouldn't

[09:02] {Threei} but then again, I never understood the "it dropped, let's buy it" mentality

[09:02] {nemo} offers getting hit, short covering

[09:02] {nemo} nice to be done with the day before the open

[09:03] {Threei} as if everything moved within a range, and low automatically means bounce back up

[09:03] {Threei} PAL Identifies Several New Gold and Copper Targets with Midland Exploration on the Laflamme Property (3.80, 0.00, 0.00%)

[09:04] {nemo} wow, that palm info really tanked the market

[09:04] {Threei} I doubt it

[09:04] {nemo} at least in the short term

[09:04] {nemo} put it this way...it was a catalyst

[09:05] {Threei} market drop on its own... PALM is but a small player

[09:05] {nemo} coincidence then

[09:05] {_jfjf64} mornin people

[09:05] {Threei} jf :)

[09:13] {ese} morning

[09:13] {Threei} ese :)

[09:14] {Les} haroo, or so Nemo likes to say :)

[09:14] {Threei} les :)

[09:15] {dino} gm all, another 3" of snow and still falling

[09:15] {Threei} GS Fed Chairman Bernanke: Fed is looking in to questions about derivative deals involving Greece, Goldman and other firms

[09:15] {Threei} dino :)

[09:15] {strider} we got about an inch last night, dino.

[09:16] {strider} sun is out now.

[09:16] {dino} they are now saying 15 to 24"

[09:16] {dino} on top of 12 yesterday

[09:16] {dino} sweeeeeeeetttttt

[09:17] {Les} nice futures

[09:17] {Les} blooooooood

[09:17] {Threei} remember me saying yesterday, same incident with killer whale happened in Victoria once?

[09:17] {Threei} well, tunred out it's the same whale

[09:18] {billyc} gm everyone

[09:18] {Threei} billy :)

[09:18] {Les} funny that, orca's being intelligent creatures

[09:18] {Les} guess it doesn't like be a circus pet

[09:18] {Les} hi billy

[09:18] {dino} gaps at 1775 ndx, 1075 s/p

[09:18] {billyc} hey les vad

[09:18] {Threei} well, this particular one...

[09:19] {Threei} it's not like there were many such cases over decades of this show

[09:19] {dino} i saw that 3i, like 3 incidences for that beast

[09:19] {Threei} yeah

[09:19] {larisa} gm :)

[09:19] {Threei} larisa :)

[09:19] {Threei} 1991, first case

[09:19] {Les} hi larisa

[09:19] {billyc} hi larisa

[09:20] {larisa} vad, les, billy :)

[09:22] {strider} morning everyone.

[09:22] {lasertrev} morning

[09:22] {Les} fcx sitting at 71

[09:22] {Threei} strider, trev :)

[09:23] {strider} :)

[09:23] {billyc} hey strider trevor

[09:23] {Les} morn strider

[09:23] {strider} hi-billy, Les.

[09:23] {nemo} is Raven here...or does he just forget to shut off his computer?

[09:25] {lasertrev} hi billy

[09:26] {Raven} {}

[09:27] {nemo} hi raven :)

[09:27] {Raven} morn n

[09:28] {nemo} mmmhhhh, interesting support level there for rimm

[09:28] {nemo} X looks ready to fall

[09:29] {nemo} lot of market selling in rimm

[09:32] {Threei} Long Setup: WFC .10 break

[09:32] {Threei} if stays above .05

[09:32] {Threei} aim to sell half near .20

[09:34] {Threei} half out

[09:34] {Threei} stop to under .10

[09:34] {Threei} scalpers have over 1:1

[09:34] {_jfjf64} ty

[09:35] {dino} iclr beats raises and drops

[09:37] {Threei} Fed's Bernanke: Inflation has been subdued; harsh weather in last months will have impact on data - Q&

[09:37] {Threei} ahha... it's weather's fault

[09:38] {_jfjf64} vxx

[09:39] {Les} NTES

[09:39] {_jfjf64} you lk vad

[09:39] {Threei} not sure

[09:40] {_jfjf64} ty

[09:40] {Threei} X

[09:40] {Les} bouncing. you wanna short it?

[09:40] {Threei} no, thinkjing of half lot long on pullback

[09:40] {Threei} ugh... was thinking too long

[09:41] {_jfjf64} lol

[09:41] {nemo} no pullback

[09:41] {Threei} pullback into .50 was classic entry

[09:42] {Threei} ok

[09:42] {Threei} recross of .50 long

[09:42] {Threei} half lot

[09:42] {Threei} if loses .40, hunt ffor the same setup, 10 cents lower

[09:43] {Threei} as in .40 recross if holding .30

[09:43] {Threei} 1:1

[09:43] {nemo} I shouldn't have read the log

[09:44] {Threei} (US) Preview: Dec and Q4 House Price Index due out at 10:00ET

[09:44] {Threei} **consensus expectation:

[09:44] {Threei} - Dec House Price Index (m/m): 0.4%e v 0.7% prior

[09:44] {Threei} 1:1 on second setup

[09:44] {Threei} fast and furious

[09:45] {Threei} no chance to call it, just have to explain setructure in advance so you execute it when you see it

[09:45] {Threei} market sharp drop, wait for lower prices

[09:45] {_jfjf64} vxx yeah

[09:46] {nemo} QQQQs broke through there daily ichimoku cloud :)

[09:46] {Threei} lol

[09:46] {nemo} sanity not one of my stronger traits

[09:47] {nemo} alzheimer's market, doesn't remember yesterday

[09:48] {Les} STEC

[09:50] {Les} TM hovering around 73

[09:52] {Threei} (US) US Energy Sec Chu: Govt wants more oil market transparency in efforts to cut price volatility (related USO OIH )

[09:52] {nemo} If words were snow storms

[09:53] {Threei} Long Setup: BRCM .85

[09:54] {Threei} stop for hardcore scalpers under .80

[09:54] {Threei} for day traders under .75

[09:54] {dino} cfi sm .75 l

[09:56] {nemo} awful liquid for you ino

[09:56] {Threei} ese and fern have 1:1

[09:56] {fernp} ty Vad

[09:56] {nemo} I'll be back...gotta reboot

[09:57] {Threei} day traders have 1:1

[09:57] {_jfjf64} ty

[09:57] {Les} half out .94

[09:57] {Threei} yw

[09:59] {ese} i wish......have been following myl and trlg

[10:00] {Les} all out +.01

[10:01] {Threei} oh come on ese... not only I called your type of tade, I called your favorite stock

[10:01] {Threei} but you chose to hurt my feeling deeply by ignoring all three

[10:01] {Threei} your play, your stock and me

[10:01] {Threei} {--- crying bitterly in the corner

[10:02] {Threei} *(US) DEC HOUSE PRICE INDEX (M/M): -1.6% V 0.4% PRIOR

[10:02] {ese} i know tks vad.......your lookin out for me......appreciate it

[10:03] {Threei} Q4 (Q/Q): -0.1% V 0.2% PRIOR

[10:04] {Les} stec 10 b/d?

[10:05] {Threei} US) TARP Oversight Head Warren: Will be asking Treasury about lack of restirction on aid for GMAC

[10:05] {Threei} nah Les

[10:05] {Threei} not my kind of play

[10:06] {Les} k

[10:06] {nemo} wfmi recovered gap

[10:07] {nemo} looks like ready for a short

[10:07] {dino} guess who's on tv

[10:07] {nemo} lori petty

[10:07] {_jfjf64} watchin vxx pull bk to.80

[10:10] {Les} fsys strong

[10:10] {Threei} don't you love these guys without real time quotes:

[10:10] {Threei} PALM BofA/Merrill Lynch reiterates Underperform rating, price target $10

[10:12] {dino} value added research

[10:12] {nemo} subtracted perhaps

[10:13] {ese} Ltrlg .56

[10:13] {ese} sorry late call....watching too close

[10:15] {nemo} rangebound already

[10:15] {ese} out trlg avg .74 +.18

[10:15] {Threei} wrg

[10:15] {Les} nice

[10:15] {Threei} r=t

[10:16] {nemo} oh, thought it was a symbol

[10:16] {billyc} wtg ese

[10:16] {ese} L brcm .00

[10:16] {nemo} that's indecent for ese

[10:17] {dino} kss, plce, fsys, chl green

[10:17] {Les} AIG popping again

[10:18] {ese} 1/2 out brcm .05 +.05

[10:19] {Threei} AIG, daily show of insanity

[10:19] {ese} tks billy

[10:20] {ese} out remaining 1/2 .04 +.04

[10:21] {ese} wanted more from second 1/2 but thought i would ldo it as straight up scalp

[10:21] {Threei} probably good idea

[10:21] {ese} in this mrkt for sure

[10:22] {Threei} you are 15 cents late vs optimal entry, and market is running out of gas earlier than usual today

[10:22] {Threei} too easy to run into stall or drop

[10:24] {ese} ya wish i had caught your call soon enough

[10:25] {_jfjf64} vxx

[10:26] {dino} iclr sm l .50

[10:29] {Threei} AIG

[10:29] {Threei} should be bounce-ready soon

[10:30] {ese} L brcm sm 500 .04

[10:30] {Threei} Market Internals update at 10:30amET

[10:30] {Threei} - NYSE volume 245M shares, about even to its three-month average; decliners lead advancers by 10.2:1.

[10:30] {Threei} - NASDAQ volume 550M shares, about 9% above its three-month average; decliners lead advancers by 4.7:1.

[10:30] {Threei} - VIX index +10.5% to just over 22.00

[10:30] {ese} i have this feeling brcm is going to steadily climb today

[10:40] {ese} hmmmmmm how did i miss that uaua move.......

[10:45] {nemo} kss

[10:49] {dino} scanners green

[10:51] {ese} man thats weird dino.....mine turned green at the same time your s did

[10:55] {ese} now whats really wierd is that i didn't get a slap from nemo on that last poor attempt of a joke

[10:55] {dino} still green

[10:55] {ese} lol

[10:57] {Threei} market is locked

[10:57] {Threei} period of morning activity becames shorter

[10:58] {_jfjf64} so what we do know

[10:58] {Threei} approach is still "get your trades early"

[10:58] {fernp} AIG c&h

[10:58] {Threei} then wait for something extraordinary to happen,

[10:58] {Threei} but dismiss "usual" trades

[10:58] {Les} tis a pity, cause I'm determined to follow only your calls now. sick of forcing losing trades

[10:58] {_jfjf64} nothin wrong with that

[10:58] {Threei} and whatever you find, go for a scalp

[10:59] {Threei} don't iversit anything

[10:59] {Threei} oversit

[11:02] {Threei} who watched hockey yesterday?

[11:02] {billyc} i did

[11:02] {Threei} wasn't it a beautiful game

[11:02] {billyc} it was awesome

[11:03] {larisa} it was not a game :) just one team on ice

[11:03] {billyc} they shut #8 down

[11:03] {Threei} where was the other team larisa?? :)

[11:03] {larisa} who knows

[11:04] {Threei} that was "Canada, Unhindged"

[11:04] {larisa} but we will have Sochi. Just 4 more years :)

[11:09] {larisa} it will be funny though if Slovakiya will beat Canada :)

[11:09] {fernp} INTC if breaks lod, Vad?

[11:10] {Les} fcx slw popping

[11:10] {Threei} I doubt it fern

[11:11] {fernp} ok

[11:11] {strider} BIG

[11:15] {strider} VZ

[11:17] {Threei} Spot gold firms on chatter that China has stated interest in buying next scheduled rould of IMF gold sales

[11:17] {Threei} - source is an English language Russian news website citing Russia's Interfax as stating China

[11:17] {Threei} ***Reminder: India Central Bank has previously indicated interest in the second leg of IMF gold sales. On 02/17/2010 the IMF said it will shortly begin market sales for remaining 191 tons of gold; To start selling up to $7B of gold to market

[11:17] {Threei} this is beyond weird

[11:18] {Threei} if I am China, and I want to buy IMF gold, why on Earth would I want to announce that?

[11:18] {Threei} to trigger frontrunning and get higher price?

[11:19] {ese} someone explain that to me......am not gold follower so what are the implications

[11:19] {Threei} and isn't the source bizarre:

[11:19] {Threei} English language Russian news website citing Russia's Interfax as stating China

[11:20] {Threei} - Note: On 2/23 the China gold association commented that China would not purchase IMF gold as it may upset the markets; would continue purchasing gold mines internationally in efforts to grow gold reserves

[11:23] {Threei} US) Fed's Bernanke: China's USD reserves have not changed significantly; is still acquiring US treasuries - Q&A

[11:23] {Threei} - sees China currency peg as an issue

[11:28] {strider} PALM inverse c&h, downgrade

[11:29] {Threei} watching BRCM for bounce scalp

[11:29] {Threei} .65 support

[11:30] {Threei} ideally, dive to .70, maybe a cent or two under, then recross

[11:30] {Threei} watch market too, don't buy into sheer selling

[11:31] {Threei} Pelosi Says No Time for Starting Health Care Bill Anew, Americans Need Bill Now

[11:32] {Threei} wait for me, I'll go puke

[11:35] {Threei} if BRCM never loses .70 and market reverses, .75 break is the play although it won't be my preferred setup

[11:42] {nemo} no energy in brcm

[11:42] {nemo} scary, those bollinger bands tightening

[11:42] {Threei} then bounce is more likely

[11:42] {nemo} boots please

[11:42] {nemo} steel toe preferably

06[11:43] * Threei kicks BRCM in the rear with steel toe heavy duty army boots

[11:43] {nemo} ty

[11:44] {nemo} got a little bounce

06[11:44] * Threei repeatedly kicks BRCM in the rear with steel toe heavy duty army boots

[11:47] {Threei} did I confuse front and rear?

[11:49] {Threei} BRCM neds to wear a broch

[11:49] {nemo} a what?

[11:50] {Threei} brooch?

[11:51] {nemo} now we're into lunchtime

[11:52] {dino} good i'm hungry

[11:54] {Threei} no go

[11:54] {fernp} stopped

[11:54] {Threei} knew I didn't like it

[11:54] {nemo} jumpe my stop

[11:55] {nemo} tight range day lunch time break yeah

[12:00] {larisa} freaking TSL 3$ bounce

[12:03] {dino} zzzzzzzzzzzzzzz

[12:11] {Threei} one thing I never found guts to call long facing market selkkloff was XNPT

[12:11] {Threei} 8 break was very tempting

[12:11] {nemo} xnpt

[12:12] {nemo} fcx closed gap

[12:20] {Threei} CLNE

[12:20] {Threei} Clean Energy Fuels CEO: Very optimistic Congress will pass the Natural Gas Act after recent meeting with Senators - CNBC interview

[12:28] {ese} L jaso .86

[12:28] {ese} .8675 to be exact

[12:29] {nemo} musicians

[12:29] {nemo} slb crowding the highs

[12:33] {Les} from dino's remarks I assume we're on the sidelines...

[12:33] {Les} zzzzzzzzzzzzzzzzzz

[12:34] {ese} good thing i didn't put down the last 4 numbers......nemo would reallly have my hide then

[12:34] {nemo} how can he talk when he's asleep?

[12:34] {Les} how can you talk without thinking? :)

[12:34] {nemo} what, do stochastic calculus in your head, ese

[12:35] {nemo} you bring it out in me Les!

[12:35] {ese} out jaso .94 +.07 and a bit....nice little 4k hit

[12:36] {ese} have tried in the past.....but it just hurts the brain too much so I decided to quit

[12:37] {ese} brcm finally coming around

[12:37] {nemo} Les...I rarely engage my brain before putting my mouth into gear...

[12:39] {Les} PALM ain't the big mover, but I like the selling volume going into lunch

[12:40] {nemo} brcm should go to .85

[12:40] {ese} by the way....don't try a jaso like that at home........to thin really no entry signal......just got a little bored

[12:42] {ese} hmmmm not thin anymore though

[12:46] {nemo} wfmi just broke 2 day resistance

[12:50] {ese} intra day resistance nemo? My charts say no highs hae been broken

[12:51] {ese} tht would have been a good one too

[12:52] {nemo} if you look at the 5 minute from yesterday, except for the wile. e. coyote tail around 10:50 yesterday, it flirted with the .75 level dropped, came back to it this afternoon

[12:52] {ese} am still long 500shs brcm

[12:52] {dino} all green

[12:54] {nemo} ese, check your inbox

[12:57] {dino} don't do it

[12:57] {nemo} shut up dino

[12:57] {nemo} I got a nice virus tucked in there...

[12:57] {dino} ouch

[12:58] {ese} will do

[12:59] {ese} wow thats a terrific chart....tks for that info

[12:59] {nemo} I flipped on it just as it broke, didn't have time to process

[12:59] {ese} do you subscribe to that service or just do the free thing

[12:59] {nemo} free

[13:00] {nemo} freestockcharts.com

[13:02] {Les} come on Nemo, cough it up

[13:02] {nemo} cough up what ya' sheila

[13:02] {Les} your phantasmical chart

[13:02] {nemo} it's nothing you don't see everyday dude

[13:03] {nemo} just look at the wfmi at the .75 level over the last two days

[13:03] {nemo} see the resistance

[13:03] {nemo} I don't necessarily count the wicks if there's only one or two

[13:03] {nemo} wile e. coyote moments

[13:04] {nemo} they run off the cliff...realize it...and scamper back

[13:04] {ese} I like that wile e coyote visual......

[13:05] {nemo} yeah the Oh, S_ _ _! moment

[13:06] {nemo} wow gold

[13:07] {fernp} LYV any read, Vad?

[13:07] {nemo} Love You Vad?

[13:07] {nemo} whoa...fern

[13:08] {fernp} lol

[13:08] {nemo} Ya lo creo!

[13:08] {Threei} I can't answer fern... I need 5-10 min to come out of a blackpout

[13:09] {Threei} blackout

[13:09] {nemo} ?

[13:09] {fernp} ahh!,, ok

[13:09] {ese} vad has to just look at us somedays and just shake his head....don't ya think

[13:09] {nemo} pot calling the kettle "black"

[13:09] {Threei} ese, that's nothing... much more disturbing is the fact that I feel right at home...

[13:10] {ese} lol

[13:10] {Threei} and no fern... not likeing that very much

[13:10] {fernp} ty

[13:14] {nemo} db on fas?

[13:14] {Threei} 50/50

[13:14] {nemo} trend resistance?

[13:16] {Les} PALM for a 5 cent scalp. a sleeper, that one

[13:17] {Les} brcm .80 b/d?

[13:17] {Les} type 1 scalp. right up ese's tree

[13:17] {Threei} those are all standard setups

[13:18] {Threei} none of them is really readable when the market stalls like this

[13:18] {Threei} you can go for any of them if tou are confortable with risk

[13:18] {Les} ok

[13:24] {ese} was in the washroom.......i'm still long brcm vad at .04.....content to just watch it

[13:25] {ese} although??????

[13:26] {Threei} hmmm

[13:26] {Les} AIG for a conventional 6 cents - 28 b/d

[13:27] {Threei} don't know what to say ese, it's not scalping anymore, if you are still holding from .04

[13:28] {Threei} good one

[13:28] {ese} those 500 shs are a day trade...... definitely not a scalp.....

[13:28] {Les} damn watching the simpsons. look at AIG go!

[13:29] {Threei} sheesh

[13:29] {Les} holy &%it

[13:29] {Threei} you are kidding

[13:29] {Threei} you mentioned the play, I took it - and you didn't?

[13:29] {Les} lol somebody kick me

[13:29] {ese} my day trade?

[13:29] {Threei} no, les

[13:29] {Les} hahaha

[13:29] {Threei} it's about to trigger and you are watching cartoon instead?

06[13:30] * Threei unholsters his Mauser circa 1917

[13:31] {Les} sorry, promised the kids a little tv before dinner. on the comp next to me.

[13:31] {Les} something has to change here

[13:31] {Threei} what was that sign? no Les no more?

[13:31] {nemo} ask Raven

[13:32] {Threei} http://realitytrader.com/vad/LES.JPG

[13:32] {nemo} one could only hope

[13:32] {Les} where did you get out Vad?

[13:32] {Threei} .84

[13:33] {Threei} .98 entry

[13:33] {Les} too glad to help

[13:33] {Les} another b/d coming?

[13:33] {Threei} CNBC's Liesman: Fed is looking at whether banks followed supervisory guidance in dealing with various countries' debt including Greece

[13:33] {Threei} - Reminder: earlier Bernanke commented that the Fed is looking in to questions about derivative deals involving Greece, Goldman and other firms

[13:33] {Threei} completely different chart now

[13:34] {Threei} that one was beasutiful DBI

[13:34] {Threei} this is who knows what... maybe double bottomn

[13:34] {Threei} CH) 15 US Senators have reportedly requested the Commerce Dept investigate whether the China peg is considered an 'illegal subsidy'

[13:35] {nemo} .75 pivot next support .60

[13:55] {strider} kv.a halted.

[13:56] {dino} rally

[13:56] {strider} I know you guys are disappointed.

[13:56] {fernp} LYV 1:1 nemo

[13:56] {Threei} very strider... kva is our favorite

[13:56] {strider} that's kv dot a.

[13:56] {ese} gotta go all........may be back in 1 1/2 hrs.....if not see you tomorrow

[13:57] {billyc} cya

[13:57] {nemo} day will probably end up about 80 points down yesterday 80 or so up day before 80 or so down...etc

[13:58] {Threei} take care ese

[13:58] {nemo} spy shoul get at least to 110.20

[13:59] {Threei} TM May miss North America production target by 20% - Nikkei (73.87, -0.46, -0.62%)

[14:00] {Threei} (US) Fed's Bullard: Concerned that labor market has not improved yet; Federal deficit is also a big concern; credit markets have not yet returned to normal - Q&A

[14:00] {Threei} - there is a risk for inflation in the 2-5 year time frame

[14:00] {Threei} - Fed would be required to raise rates if inflation was unhinged as it would be the priority

[14:05] {dino} all dayer out iclr .90, +.40

[14:05] {Threei} wtg

[14:05] {dino} all dayer out cfi .43, +.68

[14:05] {dino} ty

[14:05] {strider} AAPL, rumour of 4:1 split

[14:05] {Threei} double wtg

[14:15] {Les} x .80 b/d

[14:15] {Les} ?

[14:15] {Threei} nah

[14:16] {Les} ah right full day chart says otherwise

[14:20] {Threei} SEC looking into "potential abuses and destabilizing effects" of Credit Default Swaps (CDS)

[14:20] {Threei} - will not comment on whether it is probing Goldman over its role in assisting Greece on derivatives deals.

[14:20] {Les} they're what, 5 years too late to be looking into potential problems now

[14:21] {nemo} so whaddya' think, bunch of bull flags

[14:21] {nemo} ?

[14:21] {dino} swm sm l .13

[14:22] {nemo} stop dino

[14:23] {strider} you can't stop dino.

[14:23] {Threei} lol

[14:23] {nemo} oy vay

[14:25] {Les} Dino might be a bit old for this, but Nemo just made me think of this song.

[14:25] {Les} http://www.youtube.com/watch?v=2c4L4CPfQY8

[14:25] {dino} good one

[14:26] {nemo} scary...i remember that

[14:26] {nemo} not on my ipod...that's for sure

[14:26] {Les} oh don't get me wrong, I'm just as jealous as others here dino...

[14:26] {nemo} then again...I don't have one

[14:27] {nemo} so, fas forming a little inverted H&S

[14:27] {nemo} ?

[14:28] {strider} the operative word is 'little'

[14:28] {larisa} I feel adventurous.. -150 closing ? :)

[14:28] {Les} vxx .10 b/d?

[14:28] {Threei} -50

[14:28] {larisa} no way

[14:28] {nemo} yes, but if the R/W is good, it's all relative,,,look at ese's .04 plays

[14:28] {dino} +10 larisa

[14:28] {Threei} no les

[14:28] {nemo} yeah, even

[14:29] {nemo} no more

[14:29] {larisa} you guys know anyfing

[14:29] {Threei} NOW we are talking! all three traditional names are game, and bets are ranging all over

[14:29] {gregns} Les, b/d is breakdown?

[14:29] {strider} handle fell off the cup,, nemo.

[14:29] {Threei} larisa -150, dino +10, me -50

[14:30] {nemo} no, that was the shoulder...

[14:30] {Les} yeh greg

[14:30] {gregns} ty

[14:30] {Les} b/o being breakout

[14:30] {Les} lol Vad you're not going to believe me

[14:30] {Threei} and b/e being breakeven

[14:30] {gregns} and bs ?

[14:30] {strider} As in

[14:30] {nemo} and DB being.....

[14:30] {strider} 'I just wanta b/e

[14:31] {nemo} .....Les

[14:31] {Threei} as in "trail stop to be"

[14:31] {Les} I somehow managed to watch the simpsons

[14:31] {Les} short aig .99

[14:31] {Les} and just realised I had an open position

[14:31] {Les} somebody shoot me

[14:31] {Threei} well, you do live dangerously

[14:31] {Les} out +.14

[14:32] {nemo} love to

[14:32] {Les} speaking of aig

[14:32] {strider} Hey, we got it in writing, nemo.

[14:32] {nemo} got what

[14:32] {strider} [14:31] {Les} somebody shoot me

[14:32] {larisa} lol

[14:32] {nemo} oh wrong window

[14:32] {Les} what we got here, is a failure to communicate

[14:32] {nemo} I was dccing

[14:32] {Les} what movie?

[14:32] {nemo} thanks Strother Martin to Paul Newman

[14:33] {Les} wow didn't know Martin's name

[14:33] {Les} you are a movieholic nemo

[14:33] {nemo} it ain't rocket science les

[14:33] {nemo} no

[14:34] {nemo} he was a character actor on TV in the 60-70's he was all over the place

[14:34] {Les} how old did you say you are?

[14:35] {nemo} Vad's age

[14:35] {Threei} 04?

[14:35] {Threei} 94

[14:35] {nemo} more or Les

[14:36] {nemo} brcm might be readlying for a break

[14:38] {patience} .

[14:38] {nemo} don't you start

[14:39] {Les} aig

[14:40] {_jfjf64} miss anythin guys

[14:40] {Les} just me screwing up again

[14:40] {nemo} do nervous breakdowns count?

[14:40] {_jfjf64} thats not good

[14:41] {Les} well it was a profitable screw up, but not to be repeated

[14:41] {_jfjf64} the best kind

[14:41] {Threei} also, we tried to shoot him, jef,

[14:41] {Threei} he didn't object and even insisted

[14:42] {Threei} and here is the end result:

[14:42] {Threei} http://realitytrader.com/vad/LES.JPG

[14:42] {nemo} Here's one for you Les "They Shoot Horses, Don't they." who said that?

[14:43] {Threei} tired horses

[14:43] {Threei} mo?

[14:43] {Threei} no

[14:43] {strider} Jane Fonda

[14:43] {Les} who is she?

[14:43] {nemo} that's who got shot

[14:43] {strider} Her brother is Captain America.

[14:43] {Threei} hmmm

[14:44] {strider} He got shot also.

[14:44] {Threei} it was "tired horses" in russian translation

[14:44] {nemo} Michael Sarrazin

[14:44] {Les} I remember her spunky little niece or daughter or whatever - Brigitte Fonda I think

[14:44] {strider} Who translated that?

[14:44] {strider} That's Peter's daughter.

[14:44] {Les} really?

[14:44] {strider} aka Captain America.

[14:45] {strider} yes

[14:45] {nemo} wfmi might be ready to break again

[14:45] {Les} only learnt of Peter Fonda in recent film studies at uni - easy riders was cool film

[14:46] {larisa} jane fonda aerobic queen :)

[14:46] {nemo} she was actually quite uncoordinated

[14:46] {larisa} from 70 or 80s ? not sure :)

[14:46] {_jfjf64} nemo

[14:47] {_jfjf64} funny stuff

[14:48] {nemo} aerobics really got going early 80's in california

[14:48] {larisa} and Russia

[14:48] {nemo} indexes look like they're reay to go north

[14:48] {nemo} and there goes wfmi

[14:49] {nemo} funny "aerobic" anecdote

[14:49] {nemo} I was doing some work at Reebok in the mid 80's

[14:49] {nemo} Angel Martinez was in charge of marketing

[14:49] {nemo} He told me the story of how Reebok designed a shoe for aerobics...which kicked off the company

[14:50] {Les} Vad, AIG b/d here .70?

[14:50] {nemo} He told Paul Fireman, the CEO his wife was doing this thing called aerobics out in california that was growing like wildfire

[14:50] {Threei} probably

[14:50] {nemo} alright, I'm out of here P&Q

[14:51] {Threei} I thought he was in the middle of the story?

[14:51] {Les} needed to take his medication?

[14:52] {Threei} hurricane finally came about?

[14:52] {larisa} les interrupted him with trading stuff and he got offended :)

[14:52] {Les} time to submit himself to parole officer?

[14:52] {Threei} no, I am giving him notes for that

[14:53] {Threei} "dear parole officer, nemo is going to be late today for his curfrew, asian markets trading, ya know"

[14:53] {strider} Asia.....he's not even supposed to leave the state.

[14:56] {fernp} Good evening everybody. see u tomorrow

[14:56] {Threei} take care fern

[14:56] {Les} ciao

[14:56] {billyc} cya fern

[14:57] {dino} cya fern

[14:58] {dino} about 12" more of snow, still falling

[14:58] {Threei} sheesh

[14:58] {larisa} what a February

[14:58] {dino} 15 to 24 forecast

[14:58] {dino} 12" tuesday night

[15:08] {dino} only 84 pts to go

[15:10] {larisa} agreed, but south :)

[15:11] {Threei} only 19 for my target

[15:18] {Threei} still no play ro finish the day with

[15:18] {Les} NVDA

[15:22] {Threei} White House affirms support of "Volcker Rule"; CFPA must be able to set and enforce regulations

[15:32] {Les} TM .70 b/d?

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 820M shares, about 2% above its three-month average; decliners lead advancers by 1.6:1.

[15:32] {Threei} - NASDAQ volume 1.89B shares, about 8% above its three-month average; decliners lead advancers by 1.9:1.

[15:32] {Threei} - VIX index +1.5% to just under 20.50

[15:32] {Threei} no les

[15:32] {strider} What can I do, personally, as a good American, to....

[15:33] {strider} increase the volatility of the market?

[15:33] {strider} I wanta help.

[15:34] {Threei} 8 points to my target

[15:35] {Threei} notice the volume formation over days

[15:36] {Threei} increase on red days, decrease on green

[15:37] {Les} today's dip looks like its being bought on volume though?

[15:37] {Threei} picked up second half of the day, yes

[15:40] {Threei} (US) Fed's Fisher: Cannot be specific on the timing of a rate increase; will remain low for extended period

[15:40] {Threei} - sees uncertainty holding the economy back

[15:40] {Threei} - unemployment wil remain 'uncomfortably high' for some time

[15:40] {Les} x

[15:40] {Les} bull flag?

[15:41] {Threei} it's at the high already

[15:41] {Threei} so in retrospect, yes, it was

[15:41] {ese} howdy all made it back for a few minutes

[15:42] {Threei} 4 points

[15:42] {dino} out swm .50 +.37

[15:43] {dino} slow day only 3 trades for me

[15:43] {dino} ndx green

[15:44] {Threei} ok... now don't rush too much, market

[15:44] {Threei} sit right here

[15:44] {Threei} and beer is mine

[15:44] {larisa} beer is bad for you

[15:44] {dino} maybe so

[15:44] {Threei} so is bacon and women

[15:45] {dino} but i love them both

[15:45] {Threei} there

[15:46] {Les} Gaddafi calls for jihad against Switzerland

[15:46] {Les} who needs FBI when we have Gaddafi?

[15:46] {Threei} what did you do to him?

[15:47] {billyc} gn all see you in the am

[15:47] {Threei} take care billy

[15:47] {Les} arrested one of his sons

[15:47] {Les} ciao billy

[15:50] {Threei} X Worst of the economic downturn is behind us (53.25, +1.13, 2.17%)

[15:50] {dino} cya bc

[15:50] {Threei} market said OK and sold X

[15:51] {dino} well, pretty much done. slow but profittable

[15:52] {dino} time to shovel the snow

[15:52] {Threei} yup, 4 for 5

[15:52] {dino} take care all

[15:52] {larisa} bye dino

[15:52] {Threei} you concede beer dino?

[15:52] {dino} ;)

[15:52] {Les} ciao dino

[15:53] {dino} thx all

[15:53] {Threei} see you tomorrow, drive safelyu

[15:57] {Threei} ojay guys, thank you all, have a good evening

[15:57] {Threei} east coasters, stay safe

[15:57] {Threei} see you tomorrow

[15:57] {larisa} bye all

[15:57] {Les} ok ciao

[15:57] {Threei} karisa

[15:57] {Threei} -51

[15:57] {Threei} larisa, sorry

[15:58] {Threei} how's that for precision?

[15:58] {larisa} I have -60

[15:58] {Threei} while I typed

[15:58] {Threei} moves back to 50

[15:59] {larisa} you played it safe, does not count

[15:59] {Threei} hmmm

[15:59] {Threei} I should be calling like -400 for it to count?

[15:59] {Threei} -50

[16:00] {larisa} gj :)

[16:00] {Threei} how about that?

[16:00] {Threei} :)

[16:01] {Threei} [CROX] Reports Q4 $0.04 v -$0.13e, R$136M v $117Me

[16:01] {Threei} - Guides Q1 $0.00 v -$0.01e, R$155-160M v $148Me