Mar 03 2010

Narrow range day again, so trades were few and far between, but still - 4 trades, 3 wins, single stop was just 8 cents. The best trade was early WFC long

Session Time: Wed Mar 03 00:00:00 2010

[07:52] {Threei} (GR) Greece formally announces austerity measures of 4.8B (2% of GDP) - draft bill

[07:52] {Threei} - To increase VAT tax by 2% to 21%; will add 1.2B in revenues

[07:52] {Threei} - To raise 1B from a one-time company tax by end of 2010

[07:52] {Threei} - To raise duty on alcohol by 20%

[07:52] {Threei} - To cut public sectort sallary supplements by 12% v 10% prior

[07:52] {Threei} - To cut public sector bonus during three holiday periods (Christmas, easter and summer)

[07:52] {Threei} - To impose luxury tax on cars, yachts, etc

[07:52] {Threei} - To raise excise on fuel by 0.03-0.08/liter

[07:52] {Threei} - To freeze increases for pensions in 2010 (no cuts either)

[07:52] {Threei} - Gov't spokesperson: To submit new tax law to parliament in the near future

[08:00] {strider} 8 measures there. Only 3 of them are reductions in spending. The other 5 are tax increases. And they call this an austerity package.

[08:00] {Threei} road down is tough...

[08:00] {Threei} MDVN, mama mia

[08:00] {Threei} MDVN Phase III studies of Dimebon (latrepirdine) alzheimers program missed co-primary and secondary endpoints

[08:02] {strider} CC at 8:30

[08:02] {Threei} kind of things that remind me why I am not an inwestor

[08:03] {strider} pharmas sure aren't the place to try to invest.

[08:04] {strider} MDVN trading was halted awhile at 7:30. What good does that do?

[08:04] {Threei} .36 - .80 scalp

[08:04] {strider} It still went to the crapper.

[08:05] {Threei} well... in their mind, halt before news is disseminated makes sure everyone gets news at the same time

[08:05] {strider} I guess that could happen.

[08:05] {Threei} the chain from FDA announce,ent to news wire can have leaks

[08:06] {strider} No, vad, say it isn't true.

[08:06] {Threei} :)

[08:06] {strider} you mean some are more equal than others?

[08:08] {Threei} horrible thought isn't it

[08:12] {Threei} GR) Reportedly Germany will not offer aid to Greece during Merkel's meeting on Friday, March 5 2010

[08:12] {Threei} - Meeting will only discuss current state of events

[08:12] {Threei} - Greece must implement austerity plans; confident that plan will stabilze the EUR.

[08:16] {Threei} US) FEB ADP EMPLOYMENT CHANGE: -20K V -20KE

[08:16] {Threei} - Prior revised from -22K to -60K

[08:42] {Threei} (US) Fed's Fisher: USD to remain reserve currency for some period of time; investor interest in USD forces discipline -Q&A at CFR

[08:42] {Threei} - Echoes that Fed should prevent asset bubbles

[08:42] {Threei} - Fed in the early 2000's held rates too low for too long

[08:42] {Threei} - Exit policy will be needed when monetary supply velocity increases (We note that that velocity of money has been falling since the end of 2005)

[08:42] {nemo} so we'll be the "reserve" toilet paper

[08:54] {Threei} (EU) Reportedly EU may hold Phase 3 Co2 auctions as early as 2011 (related CARBX )

[08:54] {Threei} why, just do it now

[08:54] {Threei} when you are on suicide mission, why not do it quickly

[09:05] {ese} good morning

[09:05] {Threei} ese :)

[09:07] {ese} gotta love this weather vad.......was taking to my relatives in Kenora yesterday......they still have snow

[09:08] {Threei} that's why we moved eh

[09:09] {ese} definitely.....am glad for that. all thought i didn't know it at the time

[09:10] {jfjf64} mornin all

[09:10] {ese} jf

[09:10] {Threei} jf :)

[09:10] {Les} Heeeeeeeeeere's Johnny!

[09:10] {Les} :D

[09:10] {Threei} les :)

[09:11] {ese} les

[09:11] {Les} ese, jf

[09:11] {nemo} Is that the Ed McMahon version or the Jack Nicholson version Les?

[09:11] {ese} am gonna be in your neck of the woods in a couple of days les

[09:12] {Les} I'd like to qualify that statement ese

[09:12] {ese} dude!!!!!!!!!!

[09:12] {nemo} dude

[09:12] {jfjf64} russian mob at door wouldnt let me in told them i was friend of vad still wanted cc# whats going on here

[09:12] {ese} it was a quality statment.......wha da ya takin bout

[09:13] {Les} 4 hours drive from your house takes you where? You're neck of the woods still?

[09:13] {Les} you're = your

[09:13] {Threei} that's nothing jf, be thankful Ivan The Enforser and Yuri The Kneeshooter weren't there

[09:14] {jfjf64} lol

[09:14] {Les} I used to think 4 hours was close

[09:14] {Threei} notice spelling in the first name - that's how Ivan satisfies his desire to be unique

[09:14] {jfjf64} i see ya guys gv me a bashin yest after i left chat

[09:15] {jfjf64} lol

[09:15] {Threei} that's what we do - especially when you do not diaconnect so you could read later

[09:15] {Threei} if you do disconnect - we e-mail you all the bashing

[09:15] {nemo} always pick on people who aren't here to defend themselves

[09:15] {larisa} gm all :)

[09:15] {nemo} lari :)

[09:15] {Les} I just take negative commentary as a given once I've quit the room jf

[09:15] {Les} lari

[09:16] {larisa} nemo, les, vad :)

[09:16] {jfjf64} winners= bashin=all good

[09:16] {Threei} larisa :)

[09:16] {nemo} in your case Les, more than happy to do it while your here

[09:16] {jfjf64} nemo good mornin

[09:16] {Threei} US) Fed's Rosengren: There is a risk current low rates could fuel future bubbles

[09:16] {Threei} - Fed needs broad oversight to monitor risk

[09:17] {Threei} at least they did learn something from the housing debacle

[09:17] {billyc} gm everyone

[09:17] {Les} billy

[09:17] {Threei} billy :)

[09:17] {billyc} les

[09:17] {Threei} les, simply think of it as normal, not negative

[09:17] {billyc} vad

[09:18] {Threei} neutral becomes positive then

[09:18] {Threei} positive becomes highest praise possible

[09:18] {Les} I'd like to qualify that statement vad

[09:19] {Threei} and your whole world moves one step in giddy direction

[09:19] {Les} I accept what you accept if I accept that this is a madhouse

[09:19] {Les} accept accept accept

[09:19] {Threei} well, if you don't - you are quite mad

[09:19] {Les} i've lost it already

[09:19] {Les} lol

[09:19] {Les} I'll shut up now

[09:19] {jfjf64} too much coffee les

[09:20] {nemo} Let's see how long this lasts...

06[09:20] * nemo slaps lasertrev around a bit with a large trout

[09:20] {Threei} how rude

[09:20] {strider} OUT OVERNIGHT tm, +2.41.

[09:20] {strider} sorry for the caps.

[09:20] {Threei} wtg strider

[09:20] {lasertrev} morning all

[09:20] {jfjf64} gj

[09:20] {billyc} gj strider

[09:21] {strider} :)

[09:21] {Threei} trev :)

[09:21] {Les} strider

[09:21] {lasertrev} n1 strider

[09:21] {Threei} btw, anyone noticed my typing became muc better?

[09:21] {billyc} trevor

[09:21] {strider} no.

[09:21] {Les} almost

[09:21] {strider} no, vad.

[09:21] {Threei} okay... be that way

[09:21] {strider} thanks, laser, billy, jf

[09:22] {strider} But we have noticed that you BELIEVE your typing is better.

[09:22] {Threei} lol

[09:22] {lasertrev} i think it has been muc better vad

[09:22] {Threei} okay, that does it

[09:22] {nemo} nice lt...

[09:22] {nemo} EVERYBODY DUCK!!!

06[09:22] * Threei slaps lasertrev around a bit with a large dose of antisarcasin

[09:22] {jfjf64} i vote for live audio screw typing

[09:22] {Les} lol

[09:22] {lasertrev} lol

[09:22] {Les} antisarcasin what?

[09:23] {nemo} his great typing

[09:23] {nemo} antisarcasm

[09:23] {nemo} Wow...this day has already hit overdrive

[09:23] {Threei} dino/magoo and under the snow again?

[09:24] {ese} has it ever hit overdrive

[09:24] {ese} well this borad is my fix for the day.......can't get along without it

[09:24] {fernp} Good morning everybody

[09:24] {jfjf64} snow here long island

[09:24] {Threei} who needs a cure from the desire to be an inwestor (sic) - look at MDVN

[09:24] {nemo} you mean board or borat?

[09:24] {billyc} fern

[09:24] {Threei} fern :)

[09:24] {ese} fern baby!!!

[09:25] {lasertrev} gm fern

[09:27] {Les} oh that is ugly vad, and I don't think MDVN or its investors can ask a 2nd opinion either

[09:27] {ese} novl takeover

[09:27] {Les} mind you, great scalp play today

[09:30] {Threei} a few hours ago:

[09:30] {Threei} OPTT Receives 2.2M EC Grant for Spanish Project

[09:30] {dino} gm all

[09:30] {Threei} dino :)

[09:30] {billyc} dino

[09:30] {Les} dino

[09:30] {dino} :)

[09:31] {Threei} - Awarded 2.2M under the European Commission's Seventh Framework Programme (FP7), by the EC Directorate responsible for new and renewable sources of energy, energy efficiency and innovation.

[09:31] {Threei} - The grant to OPT is part of a total award of 4.5M to a consortium of companies, including OPT, to deliver a PowerBuoywave energy device under a project entitled WavePort, with an innovative wave prediction capability and a "wave-by-wave" tuning system. It is anticipated that the PowerBuoy will be deployed at the Santo?ite in Spain, where OPT has worked on a wave energy project under contract from Iberdrola, the major Spanish utility company.

[09:31] {dino} mdvn, nflx, visn, bucy, joyg

[09:33] {Les} sqnm selloff

[09:33] {Threei} Long Setup: WFC .05 break

[09:35] {dino} gap around 6.90 sqnm

[09:35] {ese} in

[09:35] {dino} in

[09:35] {fernp} stop vad?

[09:35] {Threei} whole 3 versions of stops depending on your objective

[09:36] {Threei} under 28 for extreme scalpers

[09:36] {Threei} 27.95 for day traders

[09:36] {Threei} 27.90 for longer hold

[09:36] {Threei} it acts as salmon

[09:36] {Threei} needs some market help of course but if gets one - should be a nice mover

[09:37] {gregns} what is meant by salmon , please

[09:37] {Threei} extreme scalpers have over 1:1

[09:37] {dino} bad breath greg=salmon

[09:37] {Threei} stock exhibiting a pattern of moving against the current greg

[09:37] {dino} kidding, against the mark

[09:37] {gregns} ty

[09:37] {jfjf64} y

[09:37] {Threei} tends to sit tight near the high while market drops,

[09:37] {Threei} and break out when market bounces

[09:38] {dino} wow rino

[09:38] {Threei} day traders have 1:1

[09:39] {fernp} ty

[09:39] {ese} out wfc .15 +.08

[09:39] {ese} tks vad

[09:39] {Threei} sure thing

[09:39] {billyc} thanks

[09:39] {jfjf64} oih

[09:39] {magoo} achdakugCHDD

[09:39] {Threei} mags :)

[09:39] {magoo} I LIKE RIMM FOR BOUNCE

[09:39] {Threei} awwww... ENER

[09:39] {Threei} this one seriously got away from us

[09:40] {Threei} RIMM

[09:40] {dino} out wfc .16, +10 thx vad

[09:40] {Threei} welcome

[09:40] {jfjf64} wfc strong

[09:41] {Threei} longer hold ones have 1:1 in 2 cents

[09:41] {Threei} in 1

[09:41] {jfjf64} 1/1 ty

[09:41] {magoo} out rimm .68

[09:41] {magoo} +..13

[09:41] {gregns} ty

[09:41] {Les} fast work mags nice one

[09:42] {dino} amsc?

[09:42] {magoo} scalpin until i get my sea legs back

[09:42] {Threei} no news dino

[09:42] {Threei} I guess that nonsense from before just clears up slowly

[09:43] {Les} ty vad nice way to start the day

[09:43] {Threei} welcome guys

[09:44] {Threei} AMLN

[09:44] {Threei} yesterday's high and 52 week high

[09:45] {Threei} I'd like a bit more consolidation for decisive break

[09:45] {ese} somebody give me an opinion on aig......bottomed out out at 25 ya figure

[09:45] {Threei} WFC, extreme scalpers are crying, day traders have 1:2

[09:45] {ese} or farthur to go yet

[09:46] {Threei} 25?

[09:46] {Threei} AIG is at 24.70

[09:46] {ese} dollars

[09:46] {ese} ya relative term

[09:46] {nemo} aig

[09:46] {nemo} sorry

[09:46] {dino} nflx, hmmm, big old gap 52ish

[09:46] {ese} thinkin dino's .00 or .50's

[09:47] {Threei} AMLN, more or less shapes up

[09:47] {Threei} Long Setup: AMLN .45 break if stays above .35

[09:47] {dino} mdvn was that the only drug?

[09:47] {ese} nice call on wfc vad....still goin

[09:48] {Threei} longer term holders have over 1:2

[09:48] {jfjf64} great find

[09:48] {Threei} my work is done on this one, who is still holding - you are on your own

[09:48] {Threei} no way to lose on it

[09:49] {Les} out last 100 shares of wfc. sweet

[09:49] {Threei} AMLN invalidated

[09:50] {Les} .50 break mdvn?

[09:51] {Threei} no read

[09:51] {fernp} EXM Vad?

[09:51] {Threei} Long Setup: CY .36 break

[09:52] {dino} rino working towards 30 by exp, imo

[09:52] {Threei} looks right fern

[09:52] {fernp} ty

[09:52] {dino} visn l .40

[09:53] {Threei} CY, either under .30 or .25

[09:53] {Threei} both are valid

[09:53] {ese} dino you done anything with nflx

[09:53] {dino} no, but not sure what to do

[09:53] {magoo} CY huh?

[09:53] {Threei} .46 is CY's 52 week high

[09:54] {magoo} shorting now

[09:54] {dino} holding too well imo

[09:54] {dino} really wanted 60s

[09:54] {magoo} oh, u mean the stop

[09:54] {Threei} yes

[09:54] {Threei} it triggered long

[09:57] {Threei} Long Setup: CTXS .10 break half lot

[09:58] {Threei} big offer at 44

[09:58] {Threei} let's modify

[09:58] {Threei} 44 break long

[09:58] {Threei} if holding above .90

[09:59] {Threei} CY stopped

[09:59] {fernp} stopped CY

[10:00] {Threei} *(US) FEB ISM NON-MANUFACTURING COMPOSITE: 53 V 51E

[10:00] {Threei} ***sub-indices:

[10:00] {Threei} - Prices Paid: 60.4 v 61.2 prior

[10:00] {Threei} - Employment: 48.6 v 44.6 prior

[10:00] {Threei} -...more... (related SPY SHY EUR/USD )

[10:00] {Les} rinse out CY

[10:01] {ese} L brcm .50

[10:02] {fernp} MS breakout Vad?

[10:03] {Threei} I think so, if holding above .70

[10:04] {ese} out brcm ..40 -.10 frickin bull trap

[10:04] {Threei} numbers caused some turmoil ese

[10:04] {ese} ya

[10:06] {Threei} CTXS 1:1, half out

[10:07] {Threei} scalpers know what to do

[10:07] {fernp} ty Vad

[10:07] {Threei} lol

[10:07] {Threei} welcome

[10:10] {strider} ca

[10:10] {strider} T

[10:10] {strider} CAT

[10:16] {Threei} come to papa CTXS

[10:17] {fernp} HIG db, Vad?

[10:17] {RonS} market pause for oil report...TIE on break up?

[10:17] {Threei} can't tell on HIG

[10:17] {Threei} TIE, looks right to me

[10:18] {Threei} .95 break

[10:18] {RonS} tnx

[10:18] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:18] {Threei} **consensus expectations:

[10:18] {Threei} Crude: +1.2Me

[10:18] {Threei} Gasoline: +500Ke

[10:18] {Threei} Distillate: -500Ke

[10:20] {jfjf64} spwra vad

[10:21] {Threei} me likey

[10:21] {Threei} if stays above .90

[10:23] {jfjf64} y

[10:23] {jfjf64} 5 min nice

[10:23] {dino} scok jumps again

[10:23] {dino} wide sucker

[10:23] {nemo} offer at 20 on spwra

[10:24] {Threei} {wide suckers} come on dino... we just like those cheeseburgers

[10:24] {strider} HIG

[10:24] {Threei} TIE 1:1 for scalpers

[10:24] {Threei} good find Ron

[10:24] {Threei} 1:1 for day traders

[10:25] {RonS} volume looks aggressive

[10:25] {dino} 17 to 30 in 5 days

[10:26] {fernp} TIE 1:1 Thanks Ron

[10:27] {RonS} beginner's luck

[10:28] {Threei} I'll take 2 kilos please

[10:29] {dino} cfi l .50

[10:30] {Threei} *DOE CRUDE: +4.03M V +1.2ME

[10:30] {Threei} DISTILLATE: -840K V -500KE; UTILIZATION: 81.1% V 81.2%E

[10:30] {Threei} GASOLINE: +770K V +500KE

[10:31] {Threei} SPWRA invalidated as break, may still play as a bounce

[10:31] {Les} was looking for b/d after bounce

[10:31] {dino} visn stopped

[10:32] {dino} fti?

[10:32] {jfjf64} x.10

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 185M shares, about 24% below its three-month average; advancers lead decliners by 2.1:1.

[10:32] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.3:1.

[10:32] {Threei} - VIX index -2% to just over 18.50

[10:33] {nemo} that oil report didn't faze the market

[10:33] {Threei} discrepancy between NYSE and NASDAQ becomes ridculous

[10:34] {Threei} why would it nemo... good report

[10:34] {Threei} oil is plentiful

[10:34] {jfjf64} x is all over

[10:35] {jfjf64} place

[10:35] {Les} .10 break on X?

[10:35] {dino} swm sm l .28

[10:35] {jfjf64} y

[10:35] {Threei} yes les

[10:36] {jfjf64} half out

[10:37] {jfjf64} stop to.20

[10:38] {jfjf64} out

[10:38] {magoo} x waas good one

[10:38] {magoo} fast too

[10:39] {Threei} wtg jf

[10:39] {jfjf64} lk to gv back

[10:39] {RonS} oil recaptures its .40 drop...5th week for selloff and then higher

[10:39] {magoo} thoughts TIE vad, still in

[10:39] {Threei} partial mags

[10:39] {ese} L seed .24

[10:39] {Threei} it's a slow one

[10:40] {magoo} yea

[10:40] {Threei} can climb for indefinite time, or can fizzle out

[10:40] {Threei} hard to tell on slow ones

[10:40] {magoo} spwra vad?

[10:40] {Threei} no read on that one

[10:40] {magoo} ok, not in

[10:42] {Les} OSIP 57 break?

[10:42] {Threei} nah

[10:43] {Threei} OSIP is bought out

[10:43] {Les} at this price?

[10:44] {Les} beautiful triangle built over last couple of days

[10:44] {ese} this thing gets above .40

[10:44] {ese} seed that is

[10:44] {ese} look out

[10:44] {Threei} OSIP Astellas Pharma offers $52/shr (40% premium); All cash deal valued at $3.5B (update)

[10:45] {Les} ok, not even 57

[10:45] {Threei} they haven't accepted offer yet

[10:45] {ese} course.......if it goes the other way........yikes

[10:45] {dino} hoping for others

[10:46] {dino} some big pharma is involved w/one of their drugs, waiting for them is rumor

[10:47] {Threei} MDVN CEO: We have other drugs in the pipeline besides Dimebon, with four studies in pivotal drug trials currently - CNBC interview (12.98, -27.27, -67.75%) (related PFE )

[10:47] {dino} ceph

[10:50] {Les} spls 23 break?

[10:50] {dino} yeah for scalp

[10:51] {RonS} CTXS news link: http://www.informationweek.com/news/software/hosted/showArticle.jhtml?articleID=223101303&cid=RSSfeed_IWK_News

[10:51] {dino} no trig les

[10:51] {RonS} Is doing this kosher Vad?

[10:51] {dino} out cfi .62, +.12

[10:51] {Les} yeh 200 resistance

[10:52] {RonS} Does anyone understand the CTXS article?

[10:53] {Threei} doing what Ron?

[10:53] {Threei} posting news?

[10:53] {RonS} Posting news links...

[10:54] {Threei} sure, as long as it's news and not some blog with some anonymous musing of another igorant fame-seeker

[10:54] {dino} leave nemo out of it

[10:54] {Threei} lol

[10:54] {Les} I read Nemo's bad jokes, but that's about it...

[10:55] {nemo} FCX break of .80

[10:55] {RonS} lol...wanting to be sensitive to the delicat etiquette here...

[10:56] {dino} qsii hl l ave .25\

[10:56] {Threei} etiquette is simple actually...

[10:56] {jfjf64} look at tie

[10:57] {dino} tm strong, worst may be over. range 71-77

[10:57] {Threei} don't promote zeroknowledge.com blogs and whatever you do - never efver offend larisa

[10:57] {larisa} sigh

[10:57] {dino} lol ron

[10:58] {dino} visn lod

[11:02] {Les} s spls .89

[11:02] {nemo} we're awash in oil and usl up .40 since

[11:03] {magoo} rimm another leg looks like

[11:03] {strider} MDVN acting like it wants to make amends.

[11:05] {Threei} NLST Ticks higher on speculation a settlement will be reached in a legal dispute with Google

[11:05] {Threei} - reminder: in early Dec 2009, NLST filed suit against Google over patents related to speeding up memory modules.

[11:08] {Les} qid b/d?

[11:08] {Threei} thatwould be a bet on market breakout

[11:10] {Threei} we are at the time of the day when breakouts cease to work for months already

[11:10] {Les} q pivot support .78. if it bounces off that and pushes upwards - yeh

[11:10] {Threei} I prefer to go with trend until it changes

[11:10] {Threei} and trend is - no, no breakout plays at this time of the day

[11:10] {Threei} (GR) Moody's: Austerity measures in Greece bring credibility to fiscal changes

[11:10] {Threei} ** Note that Greece's sovereign debt carries an A2 rating at Moodys, two notches above the equivalent ratings at Fitch and S&P (BBB+). If Moody's were to recalibrate its rating in line with its peers it would render Greece's sovereign debt ineligible for ECB repo operations when collateral criteria reverts to the normal minimum thresholds (A3/A- or above) at the end of 2010

[11:11] {dino} all is well in the world again

[11:11] {Threei} so, moody assigns ratings in order to allow or ban certain operations - not depending on real state of affairs?

[11:12] {Threei} until reality becomes glaringly obvious

[11:12] {dino} on kickbacks too

[11:13] {Threei} ok, whatever you sarcastic types say, my typing is at least back to its usual self - from the rock bottom it hit when I changed keyboard

[11:14] {nemo} wow

[11:14] {Threei} back to my old one, thanks to key stickers that restored faded letters

[11:15] {Threei} my flaming oath is, that was somewhat different size and feel of keys that made me hit two keys at the same time, or miss the right ones

[11:15] {jfjf64} never get rid of good thing

[11:15] {RonS} ...a poll came out and said the average Greek spends $3k/yr on bribes

[11:15] {Threei} that's thrifty

[11:16] {Les} Greece sounds like Thailand

[11:16] {RonS} ...and 30% of the respondents wanted a bribe to respond...

[11:16] {gregns} thoughts on visn? 50/ 50

[11:16] {Threei} lol

[11:16] {Threei} no indications of bounce yet, greg

[11:16] {gregns} ty

[11:16] {dino} yet they all retire at 55, while germans have to support them retire at 65

[11:16] {Threei} let it consolidate for a while, then break .20

[11:17] {dino} visn would like to see 4.80s hit for bounce

[11:18] {Les} 67 in switzerland now. and govt wants to cut back interest guaranteed on 401k savings

[11:18] {dino} going to be 70 here soon, you watch

[11:19] {Threei} I don't care, no one is going to pay me pension anyway

[11:19] {dino} same here 3i

[11:19] {dino} kill or be killed for me

[11:19] {Threei} I'll just die in the middle of the scalp

[11:19] {Les} same here

[11:19] {Les} lol

[11:19] {Les} hopefully we won't be in it with you

[11:19] {jfjf64} lol 3i

[11:20] {Threei} they'll find me thanks to my broker who will get alrmed by non-completed trade

[11:20] {fernp} BMY short, Vad?

[11:20] {jfjf64} hopefully ivan gvs me bk my 299

[11:21] {Threei} probably fern... kind of 52/48

[11:21] {Threei} you really have very faint idea of Ivan's character traits, jf

[11:21] {Threei} one thing no one ever accused him of was giving back anything to anyone

[11:22] {jfjf64} lol

[11:24] {Threei} in fact, I heard trev has instructions on his wall: if vad hasn't closed trade within 5 min after opening it, call the police and ask to check up on him

[11:24] {dino} tm rolling

[11:24] {dino} over

[11:24] {Threei} AET Hearing renewed takeover chatter circulating

[11:24] {Threei} - Wellpoint rumored as a potential acquirer (31.63, +0.60, 1.93%) (related WLP )

[11:25] {Threei} consolidation among insurers?

[11:25] {Threei} totally against common sense

[11:25] {Threei} if anything, they should be applying anti-monopoly regulations to them

[11:25] {dino} visn l .20 stop .09

[11:26] {gregns} good dino, someone else in my boat

[11:26] {Threei} VISN starts looking better

[11:26] {dino} aye aye cap'n

[11:26] {Threei} .20 break may be wor6th a try now

[11:27] {magoo} me three

[11:27] {nemo} oops

[11:27] {Threei} I'd still wait for a break

[11:27] {Threei} it bumps against this resistance for a while

[11:27] {nemo} "wait for the shake" ...wht movie Les?

[11:28] {Les} pulp fiction

[11:28] {Les} ?

[11:29] {nemo} no

[11:29] {nemo} History of the World, Part 1 -Mel Brooks

[11:29] {dino} ugh snda, wanted 38.50 pullback, no fill

[11:29] {fernp} if breaks VISN, stop is below .15 or below .10 Vad?

[11:30] {Les} never heard of it

[11:30] {nemo} your loss

[11:31] {RonS} MS reversal Vad?

[11:31] {Threei} no setup yet...

[11:31] {Threei} if spends some time closer to .50, break will become a play

[11:31] {dino} mkt wants up, gut

[11:32] {Threei} (US) Environmental Protection Agency (EPA) Head: Still Evaluating limits on long term carbon emissions for factories (related CARBX )

[11:32] {Threei} idiolts

[11:32] {fernp} visn stop, vad?

[11:33] {Threei} under .10

[11:33] {fernp} ty

[11:33] {Threei} GR) German Dept Fin Min Asmussen: Tells German lawmakers that aid for Greece is not under discussion

[11:34] {RonS} mkt responding to FXE...now 1.3725 from overnight low of 1.3592

[11:35] {Threei} see how they try to defend .20?

[11:35] {Threei} that's a dam

[11:35] {Threei} if broken, will flood

[11:37] {nemo} look at .17 now

[11:38] {Threei} well, bid at .15 is no slouch either

[11:38] {nemo} minefield stock

[11:39] {Threei} go off chart in this case

[11:39] {Threei} .10 and .20 your guidelines

[11:40] {dino} fti denies takeover rumor

[11:40] {nemo} while we're waiting

[11:40] {nemo} http://www.myfoxny.com/dpp/news/offbeat/nude-snow-woman-100303-apx

[11:41] {Les} only in america

[11:41] {fernp} USA is USA

[11:42] {nemo} inVADidate?

[11:42] {dino} visn stopped

[11:43] {fernp} me too

[11:43] {gregns} dam

[11:44] {nemo} look at the bid at .07

[11:44] {nemo} offer at .10

[11:44] {Les} look at offer .10

[11:44] {nemo} shut up les

[11:44] {dino} vnr

[11:44] {Les} I said it first

[11:44] {nemo} not by the log

[11:45] {nemo} offer at .10 gone

[11:48] {fernp} NTRI valid breakdown, Vad?

[11:49] {Threei} not delighted

[11:49] {fernp} thanks

[11:51] {Les} spls .69 b/d? (been jumping in and out of spls since .89)

[11:53] {Les} MS FITB breakdown. not all finnies equal today

[11:54] {Threei} SPLS is stalled

[11:55] {Les} well you released the curse

[11:55] {nemo} Vad let you out Les?

[11:56] {Threei} no, I gave him earplugs for the siren song

[11:56] {Les} no, vad spoke and spls dropped

[11:56] {RonS} Vad kept me out of MS, thnks

[11:57] {Threei} that was easy

[11:57] {Threei} the only reason for the trade is...

[11:58] {Les} fas b/d coming

06[11:58] * Threei looks around to see who tries to claim a door prize to be determined yet

[11:58] {Les} I'm off for a drink

[11:58] {nemo} like clockwork

[11:58] {Threei} les is out of contest

[11:58] {Threei} anyone?

[12:00] {Threei} wow, you guys are lazier than I am

[12:00] {Threei} and I thought it wasn't possible

[12:01] {RonS} db setup?...still waiting for mailing..

[12:01] {Threei} no, in general,

[12:01] {Threei} what is the only valid reason for a trade?

06[12:02] * Threei slaps whole room with various educational materials

06[12:02] * Threei removes himself to Tibet monastery

[12:02] {Les} if setup is met

[12:02] {Threei} and I thought you left

[12:03] {nemo} hoping he left

[12:03] {Threei} valid setup is the only reason for a trade

[12:03] {Les} kitchen and drink is 4 metres away

[12:03] {Threei} MS didn't have setup at the time,

[12:03] {Threei} no setup - no trade

[12:04] {Threei} Les's prize: he is not going to be slapped on the room entry till... wait for it... drumroll... till the END OF THIS WEEK!

[12:04] {Les} but I wanna be slapped

[12:04] {Les} I'm like Nemo

[12:04] {Threei} sigh

[12:04] {nemo} ?

[12:04] {Threei} Tibet looks better by minute

[12:05] {nemo} going through China or Pakistan?

[12:05] {Les} fas falling. jpm testing 200ma support

[12:06] {Threei} jumping with parachute

[12:07] {ese} lol there vad

[12:07] {nemo} you better bring two

[12:08] {Les} jpm .78 b/d?

[12:08] {Les} .77 b/d. big bid here

[12:08] {Threei} chart is right but it won't work without serious market cooperation

[12:09] {nemo} qs at 200 ma spy .05 mor cents down

[12:09] {Threei} considering amount of bacon and beer I am taking, two is a given nemo

[12:09] {Les} fas just found pivot. lets see

[12:09] {nemo} you mean vwap?

[12:10] {Les} crap sorry was looking at GS

[12:10] {Threei} look at this divergence again:

[12:10] {Threei} Market Internals update at 12:00pmET

[12:10] {Threei} - NYSE volume 355M shares, about 18% below its three-month average; advancers lead decliners by 3.1:1.

[12:10] {Threei} - NASDAQ volume 1.2B shares, about 27% above its three-month average; advancers lead decliners by 1.8:1.

[12:10] {Threei} - VIX index -3.25% to just below 18.50

[12:11] {Les} anything bad about this divergence?

[12:11] {Les} VISN

[12:11] {Threei} no

[12:11] {Threei} just very unusual

[12:11] {nemo} high volume on an up day...strength

[12:11] {nemo} NAS

[12:12] {Threei} I mean between NYSE and NASDAQ nemo

[12:12] {Les} l VISN .21

[12:12] {Threei} either big difference in activity between sectors, or NYSE losing business at alarming rate

[12:12] {dino} visn rinsed

[12:13] {dino} vad, i think we figured it out yesterday

[12:13] {dino} qsii stopped

[12:13] {Threei} coud be, it's just another manifestation of these strange volume phenomena

[12:13] {Threei} we mostly talked about volume discrepancy between red and green days yesterday

[12:14] {Threei} such huge enormity in volume change direction between NYSE and NASDAQ is something else

[12:15] {Threei} NYSE volume about 18% below its three-month average, NASDAQ volume about 27% above its three-month avera

[12:15] {dino} 'i feel it is the same reason, financials vs tech heavy

[12:15] {Threei} probably

[12:15] {Threei} must be connected

[12:17] {Threei} (GR) Moody's places five banks on review for possible downgrade (related EUR/USD SOVRX NBG )

[12:18] {Les} spls

[12:19] {dino} feels lower

[12:20] {RonS} Interesting pattern playing out on JOYG

[12:20] {nemo} cat at 200 ma

[12:21] {dino} mxgl

[12:23] {dino} sm s .80

[12:25] {dino} cov .43, +.37

[12:25] {dino} merger news

[12:28] {dino} raging rino hod

[12:29] {dino} csgp

[12:30] {dino} cf

[12:33] {dino} would like one more push up on csgp for s

[12:34] {Threei} here is what you do when you feel our work is done:

[12:34] {Threei} GM Chairman Lutz plans to retire, effective May 1

[12:34] {nemo} Lutz=klutz=putz

06[12:34] * nemo bored

[12:34] {dino} let me guess, barney frank new chairman

[12:35] {dino} better yet the union boss

[12:36] {dino} am i here?

[12:36] {Les} where is here?

[12:36] {dino} over there

[12:37] {nemo} going existential...

[12:37] {RonS} who's on first?

06[12:37] * nemo slaps RonS around a bit with a large Abbott and Costello recording

[12:38] {RonS} Aaabotttt!!!

[12:38] {Threei} GR) OECD's Gurria: IMF financing for Greece would be legitimate, a mixed EU/IMF package would be an option

[12:38] {Threei} - Does not believe anyone will loose money on Greece.

[12:38] {Threei} - Investors should be encouraged to roll over Greek debt.

[12:38] {Threei} loose?

[12:38] {Threei} sheesh

[12:39] {Threei} even I can spell that

[12:39] {dino} lol

[12:39] {dino} tell us how you really feel gurria

[12:40] {nemo} spls either testing the lows for the day or reay to keel

[12:40] {nemo} ready

[12:40] {Les} I'll take option number 2 for 500 thank alex

[12:41] {ese} Ron baby.......you fit right in to this board.....keep up the good work and above all else ....insult nemo as much as possible

[12:41] {dino} indeed

[12:42] {Les} well now that's just downright rude

[12:42] {nemo} Let's see...ese at #10, maybe...#8

[12:42] {nemo} pencil? pen?

[12:42] {ese} lol

[12:42] {Les} CY getting interesting

[12:43] {dino} oh man mxgl

[12:43] {nemo} scalper's regret

[12:43] {nemo} spls at day low

[12:43] {dino} yeah

[12:46] {RonS} CY volume smells to me like last accumulation before whomever busts this thing out...thoughts?

[12:46] {Les} visn stopped. going nowhere and 200 ma rapidly dropping from above.

[12:47] {Les} I wanna short CY Ron

[12:47] {Threei} (GR) ECB's Trichet: Greece measures on budget are 'convincing'; welcomed by the ECB (related NBG )

[12:47] {nemo} spls close to dropping

[12:47] {Les} CY is at yesterday's closing for support. below that its a short IMO

[12:48] {Threei} chorus of reassurances on Greece maakes me feel like I must go there urgently if I want to see it...

[12:49] {Les} spls come on dooooooooown

[12:49] {RonS} I show CY short volume at 17.2 mil shrs/4.3 days to cover...11.8% of float. Ergo ripe for squeeze...

[12:50] {Les} huh?

[12:50] {Les} i just go with the setup man

06[12:50] * nemo slaps Les around a bit with a large saw toothed meat cleaver

[12:50] {Les} lets say falling below yesterdays close .11

[12:51] {Les} aggressive s at .10 stop above .16

[12:51] {Les} wanna be sure, I wait for it to bounce back to .11, respect resistance and it drops again

[12:51] {larisa} whats agressive about it ? :)

[12:52] {dino} 3i reminds me of bear/lehman, no cause for concern, no capital needed

[12:52] {Les} yer right larisa, but i won't be presumptuous with others trading strategies :)

[12:52] {larisa} :)

[12:52] {nemo} fad fcx bounce play here .95 holding 90

[12:52] {nemo} ?

[12:53] {nemo} in range and at 200 ma

[12:53] {Les} think you were right

[12:53] {RonS} ...getting used to the shortened time frames here. I have always operated with a WWGD (what would Goldman do) fear.

[12:53] {nemo} this is bottom of range, volume coming in

[12:54] {Les} Ron, is it Ron Sen?

[12:54] {nemo} OMG!!!!

[12:54] {nemo} thought they made lighters

[12:54] {dino} ron jeremy

[12:54] {nemo} surfin' with magoo again

[12:54] {RonS} lol

[12:55] {nemo} so he quits

[12:55] {Les} ?

[12:55] {nemo} magoo

[12:55] {dino} or ron jon surfer dude

[12:55] {Les} am I surrounded by crazy people?

[12:55] {dino} ctct

[12:55] {nemo} pot talking to the kettle again

[12:55] {Les} just sticking the knife once more

[12:55] {nemo} you're not supposed to sit on it

[12:56] {Les} ouch

[12:56] {RonS} ...slapping myself with a trout...

06[12:56] * nemo slaps RonS around a bit with a large trout

06[12:56] * nemo slaps RonS around a bit with a large Charles River Trout

[12:56] {nemo} no such thing actually

[12:57] {RonS} ...just as long as it's not a Ron Jeremy trout...

[12:57] {nemo} He lectured at Emmanuel College last year Ron

[12:58] {RonS} where is that?

[12:58] {nemo} Fenway area

[12:58] {RonS} Fenway?

[12:58] {Les} out spls +.09 while it decides which way it wants to continue

[12:59] {nemo} oh sorry, made an assumption based on Les..that you were someone you're not

[12:59] {nemo} spls showing signs of bottoming action

[13:00] {nemo} or, could be DBI

[13:00] {Les} right, so it's not Ron Sen. just a big coincidence. sorry Ron

[13:01] {nemo} well, he hasn't actually confirmed or denied

[13:02] {Les} Well RonS if its not Ron Sen, a few of us follow the following board as well, which is why I asked if you were Ron Sen

[13:03] {Les} http://caracommunity.com/

[13:03] {dino} clw sm l ave .70

[13:04] {RonS} I wondered where i saw that name. Nope, not him. Do not blog Cara, just read...

[13:04] {nemo} is there a chart there

[13:08] {Les} ok. CY dropped below support. bounced with the Q's and might come down again. rather narrow though.

[13:09] {Les} hopefully picking up vol. and pace towards closing.

[13:25] {Threei} US Administration draft on Volcker rule to include language concerning ban of proprietary trading at banking institutions - unconfirmed report

[13:27] {Les} spls reversal?

[13:27] {nemo} maybe

[13:28] {Les} long .42 small shares

[13:30] {Threei} Long Setup: VXX .15

[13:32] {Threei} Fed's Lockart: Observing the Europe situation closely, bailout for Greece may likely include private capital - Q&A

[13:32] {Threei} - notes that the Fed is checking to see whether there will be any signs of contagion from the Europe crisis

[13:33] {Threei} low of this pullback will set a stop for VXX

[13:33] {fernp} MJN .40 break, Vad?

[13:34] {dino} avgo

[13:34] {Threei} I doubt it

[13:34] {fernp} ok

[13:36] {jfjf64} vad 15 break

[13:36] {Threei} stop under .10

[13:39] {dino} sm l arcl .14'

[13:40] {Threei} 1:1 for scalpers

[13:42] {jfjf64} ty buddy

[13:43] {Threei} welcome sir

[13:43] {magoo} what u take/ just .05 cents

[13:43] {jfjf64} 6

[13:44] {Threei} depends on size

[13:44] {Threei} with 5 cents stop you can take bigger shares

[13:44] {jfjf64} 3500 shares

[13:44] {Threei} (US) Preview: Fed Beige Book survey of regional economic activity to be released at 14:00ET

[13:44] {Threei} **expectations are for another mixed report, but could be dampened by the winter storms seen in the first two months of 2010.

[13:45] {magoo} i have 1k, still in

[13:47] {Threei} GR) French Budget Min: Confirms there is no French/German aid plan in the works at the moment

[13:47] {Les} that is scary to watch a stock jump like that - ARCL

[13:48] {Threei} after seeing MDVN something else can scare you?

[13:48] {Les} hyperbole on my part. long arcl .29

[13:49] {Threei} uh oh

[13:49] {Threei} dino

[13:49] {Threei} French Budget Mnr

[13:49] {Threei} Does not believe France faces or will face similar problems as Greece

[13:49] {dino} guess who's on tv

[13:50] {Threei} (US) President Obama; Health Care vote should be determined by simple majority

[13:50] {Threei} told you that bill will be shoved down your throat

[13:51] {Threei} situation will become worse if we do nothing

[13:51] {Threei} - rejects Republican calls to start over

[13:51] {Threei} - requests Congress set a date for vote on Health Care reform next week

[13:51] {dino} hsa's are the only way to control this heath mess

[13:52] {Threei} so how long before France says oops?

[13:53] {Les} what, the french admit a mistake? good luck there

[13:53] {strider} MDVN

[13:53] {Threei} - notes that the reform in healthcare will cost $100B and originate from the $2T the US spends

[13:53] {Threei} 100B?

[13:56] {Threei} ILI Report Genetic Test Improves Weight Loss Success With Diets

[13:57] {Threei} hmm

[13:57] {larisa} if you diet you loose weight they mean?

[13:57] {Threei} 1.50 is interesting zone to break on daily

[13:57] {dino} and if you eat less you do too

[13:57] {Threei} - Clinical Data Presented Today at the American Heart Association Meeting by Stanford Researchers Show Statistically Significant Improvements in Weight Loss and Metabolic Parameters when Diets are Compatible with an Individual's Genotype

[13:57] {Threei} - Individuals on genotype-appropriate diets lost 5.3 percent of body weight compared to individuals on diets not matched to their genotype, who experienced only 2.3 percent weight loss (p=0.005);

[13:57] {Threei} The weight loss differences were even stronger when considering the individuals who were trying to follow the lowest carbohydrate (Atkins) and the lowest fat (Ornish) diets: 6.8% weight loss for those whose genotype matched the diet they were following vs. 1.4% for those not matched to their genotype (p=0.03);

[13:57] {Threei} The statistical significance of the findings increased when taking into account the actual diet habits reported by study participants (rather than just the specific diet they were asked to follow);

[13:57] {Threei} Improvements in clinical measures related to weight loss (e.g., blood triglyceride levels) paralleled the weight loss differences

[13:57] {larisa} why did I ask :)

[13:58] {dino} somebody had to

[13:58] {Threei} lol

[14:00] {Threei} *(US) FED'S BEIGE BOOK:ECONOMY IMPROVED IN 9 OF 12 DISTRICTS; SNOW STORMS CURBED ACTIVITY IN SOME DISTRICTS

[14:02] {Threei} beige book is long, but actually sounds not too bad

[14:03] {magoo} man, there goes rimm

[14:08] {dino} tear down that hod rino

[14:15] {jfjf64} sellin

[14:16] {jfjf64} vxx

[14:16] {jfjf64} .20 vad

[14:16] {Threei} if market repeats yesterday and breaks down

[14:18] {jfjf64} lks lk nother leg dn coming fill gap

[14:22] {jfjf64} hmm

[14:24] {dino} snda

[14:26] {Threei} mags... VXX finally works for you

[14:26] {dino} all red

[14:26] {dino} he left

[14:27] {Threei} just when his stock moves?

[14:27] {Threei} what kind of timing is that

[14:27] {Les} spls crapped itself and I was at dinner.... bounce time here maybe

[14:27] {dino} who is magoo?

[14:27] {Threei} lol

[14:28] {dino} you got that

[14:28] {dino} snda sm l .40

[14:28] {Threei} http://en.wikipedia.org/wiki/File:MagooAndDog.jpg

[14:31] {nemo} you have magoo and deer also

[14:40] {dino} you get spls les?

[14:40] {Les} bit of the bounce yes. underestimated it though

[14:40] {Les} full on reversal that is

[14:41] {Les} gotta learn to protect profits a bit better

[14:42] {Les} CY crashing

[14:45] {nemo} markets repeating yesteray

[14:45] {nemo} yesterday

[14:46] {jfjf64} vxx

[14:46] {jfjf64} guess we sellin boys

[14:47] {Threei} we sure are

[14:47] {nemo} Les...this one should be easy...."Meat is back on the menu boys."

[14:47] {Les} LOTR 2

[14:48] {Les} and this one:

[14:48] {nemo} o.k. now..."Soylent Green is people"

[14:48] {Les} dunno

[14:48] {nemo} Soylent Green starring Charleton Heston and Edward G. Robinson (his last movie)

[14:49] {Les} It is I, his chronicler, who knows his story well. Now let me tell you of the days of high adventure

[14:49] {nemo} Having brain fart...I know this one

[14:50] {Les} don't be googling it

[14:50] {nemo} if I were doing that I'd have the answer already

[14:51] {Les} bucy

[14:51] {nemo} never saw that one

[14:51] {Les} BUCY

[14:51] {nemo} looks like fcxy

[14:51] {nemo} fcx

[14:52] {Les} c'mon dino, he's american royalty now

[14:53] {ese} .

[14:54] {dino} huh?

[14:54] {nemo} Ohhhhh...Les...same movie as "What is the definition of good?"

[14:54] {Les} no idea?

[14:54] {dino} "i know let's have a spelling bee"

[14:54] {jfjf64} da bounce

[14:55] {nemo} To see your enemies driven before you (forgot the 2nd part) and to here the lamentation of their women"

[14:55] {Les} no dino

[14:55] {Threei} this is what FDA is busy with:

[14:55] {Les} sounds familiar

[14:55] {dino} tombstone

[14:55] {Threei} Diamond Foods, Inc. Plans to send FDA response to earlier warning letter within 15 working days, notes FDA did not ask for products to be removed

[14:55] {Threei} ***Reminder: On 3/3 the FDA disclosed it sent Diamond Foods a warning letter for misleading claims dated 2/22. In it, the FDA stated it had reviewed the label for "Diamond of California Shelled Walnuts" products and website at www.diamondnuts.com. Based on review, FDA concluded that walnut products are in violation of the Federal Food, Drug, and Cosmetic Act (the Act) and the applicable regulations in Title 21, Code of Federal Regulations

[14:55] {nemo} o.k. spell "omphaloskepsis"

[14:55] {nemo} No Conan

[14:55] {Threei} Shelled Walnuts

[14:55] {nemo} The little chinese guy at the beginning of the movie, the shaman said your quote les

[14:56] {Les} y

[14:58] {dino} back in 10

[14:59] {nemo} I could here the music in my head Les...took me afew

[14:59] {Les} I have great admiration for the man, despite denigrations made about his politics

[15:02] {nemo} the guy strives for excellence always has

[15:03] {Threei} CRIS Hearing Rodman & Renshaw raises price target to $6 from $3 (timing uncertain) (3.29, +0.22, 7.17%)

[15:08] {Threei} dino, you are going to love it

[15:08] {Threei} running line at the bottom of the screen, CNN, giving some twitter responses, says:

[15:09] {Threei} Atlas Shrugged is coming, more and more poor, less and less working. Signed: JohnGalt

[15:09] {dino} lol

[15:09] {Les} I've gotta read this book. got me curious now

[15:10] {dino} you must if you wish to stay in this room

[15:10] {nemo} you must also read The Fountainhead and Anthem

[15:11] {Les} unfortunately list of texts for this semester's uni is ridiculously long. I am busy until June.

[15:12] {nemo} for what are you going?

[15:12] {Les} le Carre's spy who came in from cold, Dr NO, Carrie, sherlock holmes, blade runner, dracula and 1 aussie novel

[15:13] {nemo} oh thought you were going to school

[15:13] {Les} am. English literature. Bachelor

[15:13] {nemo} ahhh

[15:13] {Les} this semester. popular literature

[15:17] {magoo} vad..we in anything?

[15:17] {nemo} coma

[15:17] {Threei} ot right now

[15:17] {nemo} nice typing

[15:17] {Threei} but your VXX worked like charm

[15:18] {magoo} y7ea..out iof thayt

[15:18] {nemo} ?

[15:18] {Threei} I sent him my former keyoard nemo

[15:19] {nemo} ahhh

[15:19] {Threei} now he types on that

[15:19] {magoo} i was doing so well too

[15:19] {nemo} yeah, the russian stick on letters must screw him up

[15:19] {jfjf64} hey 3i ya woke up

[15:19] {Threei} OXGN Strength attributed to promising results reported in animal model of OXGN's vascular disrupting agent OXi4503 (1.37, +0.15, 12.30%)

[15:19] {Threei} no jf

[15:19] {Threei} I never do that

[15:20] {Les} http://miburl.com/g8GOcT

[15:20] {Les} govt's getting scared

[15:20] {Les} dangerour

[15:20] {Les} dangerous

[15:20] {Les} or both

[15:21] {Les} or what these traders are doing is illegal?

[15:21] {Threei} euro is toast

[15:21] {Threei} has been from he getgo

[15:22] {fernp} Good evening everybody. See you all tomorrow

[15:22] {Les} ciao

[15:22] {Threei} take care fern

[15:22] {jfjf64} later

[15:23] {dino} cya

[15:28] {Les} slw .55 b/d for type 1?

[15:28] {Les} pm's are breaking down

[15:29] {Les} forget it

[15:32] {nemo} quite the range trade mdvn was all day

[15:33] {Threei} interesting thingh about these patterns over last few months is,

[15:33] {Threei} once established, they tend to stay with us for a good while.

[15:33] {Threei} So, in light of that, if we have close chart tomorrow, let's try and capitalize on coming eod drop

[15:34] {Threei} we did a little, on VXX, but not to the extend it was capable of

[15:34] {Threei} this is second day of the pattern

[15:34] {nemo} oops LASER crashed

[15:34] {Threei} not here

[15:34] {nemo} frickin' Trevor

[15:34] {larisa} fine here too

[15:34] {nemo} I'm sure it's Vista related

[15:35] {Threei} ewww

[15:35] {Threei} vista

[15:35] {Threei} Market Internals update at 3:30pmET

[15:35] {Threei} - NYSE volume 685M shares, about 15% below its three-month average; advancers lead decliners by 1.2:1.

[15:35] {Threei} - NASDAQ volume 2.17B shares, about 22% above its three-month average; advancers lead decliners by 1.1:1.

[15:35] {Threei} - VIX index +0.25% to just over 19.00

[15:36] {nemo} wow did it again

[15:41] {Threei} interesting enough AET and others do not react on all this healthcare hoopla

[15:43] {Les} got taken out of ARCL flat. frustrating experience that was

[15:43] {Threei} same narrow range as yesterday

[15:47] {Threei} 6 SP points?

[15:47] {Threei} 3 out of 4 is satisfactory for me in this range

[15:51] {ese} ya well ya know.....i'm outta here still with a position in seed....catch you all tomorrow

[15:51] {Threei} take care ese

[15:51] {ese} see ya vad

[15:51] {billyc} see you guys

[15:51] {Les} ciao

[15:52] {Threei} okay guys, no more trades

[15:52] {magoo} ok..ty

[15:52] {Threei} thank you all, have a good evening

[15:52] {Threei} see you tomorrow

[15:52] {Les} thanks ciao

[15:52] {larisa} bye all :)

[15:54] {dino} cutting snda around flat, swm too

[15:55] {dino} arcl out .52, +.38

[16:00] {dino} .55 snda

[16:01] {dino} funny, ndx, s/p closed at 1851 and 1118 yesterday too