Tuesday, March 9, 2010

Mar 09 2010

Fair profitable day, started with nice UAUA trade, continued with a few more, notably DNDN. Couple midday stops were overcome by a few scalps later on, on BC and of course momo play AIG.

Session Time: Tue Mar 09 00:00:00 2010

[07:59] {Threei} (EU) Fitch: Possible to have sovereign default in the Euro Zone
[08:05] {Threei} (EU) ECB's Weber: Does not think much on EMF plan, if it posese bigger drains on national budgets; Euro Zone needs the power to correct deficits
[08:05] {Threei} - Believes it is unhelpful to discuss creating new Euro Zone institutions, need to make existing Euro Zone framework more credible.
[08:05] {Threei} - Unclear whether the CDS market needs to be restricted.
[08:05] {Threei} - May impose bigger haircuts on lower-rated debt.
[08:05] {Threei} - Believes German GDP may contract in Q1 of 2010, expects German growth to accelerate later this year.
[08:45] {Threei} UAUA CFO: Have begun seeing clear signs of travel recovery in corporate and premium units -JPM conf comments (17.52, 0.00, 0.00%)
[08:47] {Threei} (US) Sen Corker: Expects final financial reform bill to be 'middle of the road' document -CNBC
[08:47] {Threei} - Will include a consumer protection piece
[08:47] {Threei} - Freddie and Fannie reform operations will not be in regulatory bill
[09:01] {Threei} ZIGO II-VI Withdraws Proposal to Acquire Zygo Corporation for $10.00 Per Share and Ceases Acquisition Efforts
[09:06] {Threei} and you thought Toyota got the situation under control
[09:07] {Threei} Monday, March 08, 2010 10:13:03 PM
[09:07] {Threei} Toyota Motor Corp A Prius model accelerated out of control on a California freeway on Monday - Press
[09:07] {Threei} - The driver of the Prius noticed that his car started to accelerate on its own accord; incident caused the car to lose control and travel at speeds of more than 90 mph.
[09:07] {Threei} - The year in which the Prius model was made was not disclosed.
[09:07] {Threei} - Recently, Toyota has recalled more than 8M vehicles globally due to acceleration problems.
[09:08] {Threei} I am still to undersatnd though, how come none of drivers caught in this situation solves it by shifting to neutral
[09:09] {Threei} in thi case again, driver had a lot of time, there was a patrol car talking to him via loudspeaker, helping him
[09:12] {Les} police got him to apply brakes
[09:12] {Les} hand brake
[09:12] {Threei} yes
[09:12] {Raven} wasn't it a "her"
[09:12] {Les} going up hill
[09:12] {Threei} no, a man
[09:12] {Les} 50 mph, he cut ignition
[09:12] {Raven} hmmmm
[09:13] {Threei} I don't ge it
[09:13] {Raven} simply fly out of the open window and soar over the accident scene ...
[09:13] {Threei} well... yeah... for our winged brothers
[09:13] {Les} seems police have a toyota response procedure in place now
[09:14] {Les} toyota dealership refused this drivers car, said it wasn't on recall list
[09:15] {RonS} Short cover rally in FEED. Up 15+% on 877k vol. Short cover rally w/ 25% of float short. gm all
[09:15] {Les} ron
[09:16] {Les} raven and vad
[09:16] {Threei} Ron :)
[09:16] {strider} morning, guys
[09:16] {Raven} everybody
[09:16] {Threei} strider :)
[09:16] {Les} st
[09:16] {billyc} gm all
[09:16] {Threei} FEED had earnings
[09:16] {strider} :)
[09:16] {Les} billy
[09:16] {billyc} les
[09:16] {Threei} Monday, March 08, 2010 5:17:25 PM
[09:16] {Threei} Agfeed Industries Guides FY09 R$160-165M v $167Me, FY10 R$220-230M v $245Me, FY11 R$310-320M - slide presentation (only 1 est.)
[09:16] {Threei} billy :)
[09:17] {billyc} vad
[09:17] {Threei} Agfeed Industries Puts FY09 hog production volumes +66% y/y; animal nutrition division volumes +56% y/y -filing
[09:17] {Threei} - Goal is to increase our annual production levels to 1.2M tons in the next 4-5 years.
[09:17] {Threei} - FY09 produced 680,000 hogs and 117,000 tons of feed, which resulted in operating earnings of $0.31/share. In spite of these record production levels our margins came under pressure as hog prices hit a 3-year low.
[09:17] {Threei} - Have $36.5M of cash and equivalents and shareholders equity of $147.6M, which represents an increase of $28.7M as compared to 2008
[09:18] {Threei} guidance is lower actually
[09:18] {dino} gm all
[09:19] {nemo} anybody need a slap?
[09:19] {Threei} dino :)
[09:20] {Les} yeh I'll take one
06[09:22] * nemo slaps Les around a bit with a large razor wire scourge
[09:25] {larisa} gm :)
[09:25] {Threei} larisa :)
[09:25] {larisa} vad :)
[09:26] {dino} imo, watch the 5's and 0s for next 10 days, strike games
[09:27] {jfjf64} mornin
[09:27] {Threei} jf :)
[09:28] {lasertrev} morning
[09:28] {Threei} trev :)
[09:28] {dino} pcx gap around 19.20
[09:28] {dino} zigo deal busted
[09:29] {Les} thanks nemo. the booze fuelled winter recess is over. need new motivation
[09:30] {nemo} hot poker next
[09:30] {Threei} FEED
[09:30] {Threei} watching for pullback entry
[09:31] {Threei} UAUA also
[09:32] {Threei} FEED, sharp dive closer to 5 - 5.10, or .45 - IF doesn't lose .30 anymore
[09:33] {Threei} Long Setup: UAUA .30 break
[09:33] {Threei} if holding above .20
[09:34] {Threei} UAUA 1:1, half out
[09:34] {Threei} scalpers know what to do
[09:34] {jfjf64} you da MAN
[09:35] {Threei} last time I checked, yeah
[09:35] {dino} gj and ty
[09:35] {Threei} 1:2, 1/4 more out
[09:35] {Threei} yw
[09:35] {nemo} nice
[09:35] {dino} stopn to .52
[09:36] {dino} out +.21
[09:36] {dino} thx
[09:36] {Threei} :)
[09:36] {nemo} ty
[09:36] {Threei} FEED, not sure... doesn't break, doesn't drop deep enough
[09:36] {dino} fsys
[09:37] {Threei} hey, and they say no one ever made money on airline!
[09:37] {dino} lol
[09:37] {Les} yeh unfortunately focus was on feed so I missed uaua and didn't chase the 3 cents. such is life
[09:37] {jfjf64} lol
[09:37] {nemo} was that a joke?
[09:37] {Threei} known business saying
[09:37] {Threei} not trading
[09:37] {Les} heard buffet say that
[09:37] {nemo} duh
[09:37] {Threei} so apllying it to trading thus taking out of context was a joke - as I know it
[09:38] {Les} it was funny. just ignore nemo
[09:38] {Threei} kind of hard to ignore a guy with postal worker list...
[09:38] {dino} tho
[09:38] {Les} hehehe
[09:38] {Threei} last portion, stop to under .35
[09:39] {Threei} offering at .65
[09:39] {dino} shorts make $ on airlines
[09:39] {Threei} IMAX
[09:40] {Threei} don't want to chase, watching if pulls back
[09:40] {Les} feed keeps bottoming at .20
[09:40] {jfjf64} half lot??
[09:41] {Threei} on what jf?
[09:41] {jfjf64} imax
[09:41] {Threei} I don't even have setup yet
[09:41] {jfjf64} low vol just question
[09:41] {jfjf64} ignor
[09:41] {Threei} half mil
[09:41] {Threei} in first 11 min
[09:41] {Threei} why low?
[09:41] {Threei} it can be a little on a hin side
[09:42] {jfjf64} sorry
[09:42] {Threei} but if gives us a good pullback, stop can be fairly tight
[09:42] {Threei} ideally, I'd like to see sharp drop under .20
[09:42] {jfjf64} k
[09:42] {Threei} would get interested there
[09:42] {Threei} breakout, not so sure
[09:43] {Threei} FEED is likely to lose that .20 now
[09:43] {Threei} not rushing in anymore
[09:43] {Threei} it lost morning lustre
[09:43] {Les} .19 big order
[09:43] {nemo} frickin' RIMM
[09:43] {Threei} okay UAUA
[09:43] {Threei} give me my .65
[09:44] {Threei} stop to .39
[09:44] {nemo} volume dropping on that peak
[09:44] {Threei} yeah, probably smart thing to do is not to be that literal
[09:44] {Threei} let's do dino - stop to .55
[09:45] {Threei} out
[09:45] {Threei} .65
[09:46] {jfjf64} great trade vad
[09:46] {dino} gj
[09:46] {Threei} ty
[09:46] {Threei} even that was too early
[09:46] {dino} tho strange
[09:46] {Threei} had a thought to cancel it... but was too slow to think that thought
[09:46] {jfjf64} when i grow up i wanna be lk u
[09:47] {dino} and i wanna make food all kids will like, chef boy r dee
[09:47] {nemo} I wonder if when you get profitable you should just follow the BB average for a while. Never closed under
[09:48] {Threei} watching IMAX
[09:49] {Threei} could be nemo, my problem with this is current situation when trend are so shotr-lived
[09:49] {Threei} Long Setup: IMAX .20 break half lot
[09:49] {dino} sm l tho .51
[09:49] {Threei} stop for scalpers under .10
[09:49] {Threei} day traders .05
[09:50] {nemo} wow uaua
[09:50] {Les} vad you get imax?
[09:51] {Threei} just 300
[09:51] {nemo} jumped my order
[09:51] {Threei} 1:1 for scalpers
[09:51] {Les} ok. too fast for me
[09:52] {dino} tho wall at .00
[09:53] {Threei} ROFL dino
[09:53] {Threei} when you typed [09:46] {dino} tho strange
[09:53] {dino} huh?
[09:53] {dino} ohh
[09:53] {Threei} I didn't realize it was stock symbol
[09:53] {nemo} what are you looking at dino?
[09:54] {Threei} took it as shirt for though
[09:54] {Threei} short
[09:54] {dino} gotcha
[09:54] {Threei} (GR) EU Draft Doc: Greece's projected tax revenues may come in short; cuts in spending appear 'suffucient'
[09:54] {nemo} speaking of short, uaua might be shaping up as one
[09:56] {Les} imax for another go? looking a bit weak now
[09:56] {Threei} nah
[09:56] {dino} in tho nemo at .51
[09:58] {dino} see that high 77s stopped tm again yesterday
[09:58] {nemo} tho dino?
[09:59] {jfjf64} feed vad
[09:59] {dino} tho in sm l .51
[09:59] {nemo} ty
[09:59] {dino} having trouble getting you guys to understand this
[10:00] {Les} u just playing mind games dino
[10:00] {Threei} understand tho dino?
[10:00] {nemo} oh, so you can't play then Les
[10:00] {Les} nope
[10:00] {nemo} rotfl
[10:00] {Les} :(
[10:01] {nemo} Les, your killin' me
[10:01] {Les} ;) its tuesday
[10:01] {Threei} (US) Mar IBD/TIPP Economic Optimism: 45.4 v 46.8 prior
[10:01] {Threei} - No revisions
[10:01] {nemo} SFD, UAUA did go short
[10:01] {Threei} Long Setup: DNDN .10 break half lot
[10:01] {Threei} if holding above 36
[10:02] {nemo} that was quick
[10:02] {dino} tho stop is flat fwiw
[10:03] {Threei} what was?
[10:03] {nemo} broke below .00, but it still looks valid
[10:03] {Threei} probably, yes, if this is all downside it has
[10:05] {Threei} valid, IMO
[10:05] {nemo} damn
[10:05] {Threei} in
[10:05] {Threei} pulled back
[10:05] {Les} volatile, but in
[10:05] {Threei} right into my order .12
[10:06] {nemo} support at .16
[10:06] {nemo} spy flying
[10:07] {magoo} morn
[10:07] {nemo} mags
[10:07] {Les} hi
[10:07] {Threei} mags :)
[10:08] {Threei} Long Setup: ENER .43
[10:08] {nemo} stop under .35
[10:08] {Threei} if stays above .35
[10:08] {nemo} :)
[10:09] {Threei} (US) Fed's Evans: Current high unemployment rates are seen as keeping inflation levels in check
[10:09] {Threei} - Fed may rely largely to interest on reserve levels as it implements its exit strategy
[10:09] {magoo} i see rimm still a player today
[10:09] {nemo} just started yesterday, probably test 80 soon
[10:09] {Threei} ENER invalidated
[10:10] {magoo} i know about yesterday, it continues was my thought
[10:10] {nemo} yes
[10:11] {nemo} RIMM usually runs for awhile once it gets going, since it just started running yesterday, likely to be active for awhile
[10:11] {dino} dndn target?
[10:11] {Les} half out .20 ty dndn
[10:11] {Threei} should be more than scalp
[10:11] {Threei} but it makes new 52 week highs, uncharted waters
[10:11] {Threei} no way to twll how high it can go
[10:11] {Threei} let's partial out
[10:12] {Threei} and give it room
[10:12] {dino} out .21, +.11
[10:12] {dino} ty
[10:13] {Threei} sure
[10:13] {Threei} .05 stop for second half
[10:14] {jfjf64} rimm boys
[10:15] {Threei} .65 break
[10:15] {Threei} if stays above .50
[10:15] {jfjf64} y
[10:16] {jfjf64} need bounce here
[10:16] {Les} 50ma catching up. maybe a bit more consolidation
[10:17] {Threei} DNDN baby
[10:17] {Threei} 1:2
[10:17] {jfjf64} ya a monster nice
[10:18] {dino} nice, you're in the zone today
[10:18] {jfjf64} rimm invalid
[10:18] {Les} 1/4 more. nice
[10:19] {Les} stop now?
[10:19] {nemo} .10?
[10:20] {Threei} NLST Strength attributed to vague rumor its technology to be incorporated into new Cisco product to be announced today (4.87, +0.66, 15.68%)
[10:20] {jfjf64} look GS missed 170.90 break
[10:20] {Threei} stop to b/e, yes
[10:21] {nemo} vxx down again
[10:22] {Threei} look at NLST offer
[10:22] {Threei} which will be cut through
[10:22] {Threei} yeah
[10:23] {Threei} - reminder: the Cisco webcast is set for 11:00ET.
[10:26] {dino} get out the popcorn
[10:28] {nemo} everything flatlining already?
[10:29] {Threei} done with DNDN
[10:30] {Threei} I don't know what it means but sounds very cool:
[10:30] {Threei} EUR/CHF Dealers seeing SNB bidding in cross on EBS machines around 1/4625
[10:30] {dino} snb=scooby snack bids
[10:31] {nemo} not sure what to smack you with Dino
[10:31] {Les} snb maybe swiss national bank ya smart ass
[10:31] {dino} no humore w/you gyys
[10:31] {Threei} so, here is my dilemma
[10:31] {dino} humor
[10:31] {Threei} every day for weeks now we lose activity in about an hour after market opening,
[10:32] {nemo} you wanna' go mow the lawn?
[10:32] {Threei} my discipline keeps me on a sideline and saves us from many unneeded stops
[10:32] {fernp} not read on JPM
[10:32] {fernp} sorry, wrong window :-)
[10:32] {Threei} but you all get bored and whine
[10:32] {Les} knew you were going to say that
[10:32] {nemo} no...Les whines...we go off the rails
[10:33] {Threei} so, do I maintain discipline and wait until activity returns while bearing with bunch of bored children
[10:33] {Les} yes
[10:33] {Threei} or do I entertain you with calls and get you into endless stops?
[10:33] {nemo} remember Vad....the list
[10:33] {Les} I am doing endless stops just fine myself
[10:33] {Threei} oh, you are excpetion nemo, you are disciplined and mature
[10:33] {Threei} am I off the list now?
[10:34] {nemo} former maybe....latter...nope
[10:34] {Threei} please tell me I am, so I can go burst in wild laughter
[10:34] {nemo} list....
[10:34] {nemo} you...
[10:34] {nemo} I go back and forth on that
[10:34] {dino} vad, you already know the answer
[10:34] {Threei} lol
[10:34] {nemo} I always keep your name in pencil in case I want to erase it
[10:35] {Les} depends which personality occupies nemo on a given day
[10:35] {Threei} I guess this is max I can count on
[10:35] {Threei} you mean clown fish vs md captain of submarine vs cyclope fighter from ancient Greece?
[10:36] {Threei} or you have more?
[10:36] {Les} there are three?
[10:36] {Threei} three I know of
[10:36] {Les} what about psycho postal worker? does that count?
[10:36] {Threei} RIMM
[10:36] {dino} swm sm l .11 ave
[10:37] {Threei} one more pullback, holding above .40, then break of .50
[10:37] {Threei} but only with this pullback first
[10:37] {Threei} OK, here is pullback
[10:37] {Threei} half lot
[10:40] {Threei} almost ready, just a little market help
[10:40] {Threei} holding well
[10:42] {magoo} in
[10:42] {nemo} me too
[10:43] {Les} me three
[10:43] {Threei} no shakeouts please
[10:44] {Threei} market explodes
[10:44] {dino} tho stopped flat
[10:44] {nemo} stopped
[10:45] {Les} out
[10:45] {nemo} lunchtime already
[10:48] {Threei} Short Setup: CAT 59 break
[10:48] {Threei} half lot
[10:48] {Threei} if stays under .10
[10:48] {magoo} in
[10:52] {Threei} (US) Fitch: Credit Outlook Remains Negative for Most U.S. Banks
[10:52] {Threei} - States: Negative outlook is focused mainly on the regional banks, where a large portion of U.S. Fitch-rated institutions remain with a Negative Outlook or on Negative Watch. Fundamental financial performance for the banking sector will remain generally weak throughout most of 2010
[10:59] {dino} tho l .40
[10:59] {Threei} no go CAT
[11:00] {jfjf64} what happen to dillema sittin on hands lol
[11:01] {Threei} really
[11:01] {jfjf64} hv a coffee relax
[11:01] {Threei} keeping wins considerably bigger still has this day in black
[11:01] {jfjf64} yes
[11:02] {Threei} but shakes will likely be a rule now
[11:02] {nemo} yeah, breakouts unlikely to work
[11:02] {Threei} let's just see if something unusual develops
[11:02] {Threei} like NLST
[11:02] {jfjf64} sounds good
[11:04] {nemo} rimm bounce around .90?
[11:07] {Threei} House Majority Leader Hoyer (D): to pass healthcare bill as quickly as possible
[11:08] {Threei} yup
[11:08] {nemo} what's the yup
[11:08] {Threei} logic seems right
[11:09] {Threei} if you don't want this bill, we need to pass it faster
[11:10] {Les} you got a setup for tm Dino?
[11:10] {Les} you say 77 is resistance?
[11:10] {dino} not really
[11:10] {dino} high 77s keep sending it down
[11:11] {dino} 75-77.80s
[11:12] {Threei} Cisco Systems Inc Confirms Introduces Foundation for Next-Generation Internet: The Cisco CRS-3 Carrier Routing System; pricing starts at $90K
[11:12] {Threei} - CRS-3 Carrier Routing System (CRS) -- designed to serve as the foundation of the next-generation Internet and set the pace for the astonishing growth of video transmission, mobile devices and new online services through this decade and beyond.
[11:15] {Threei} The Cisco CRS-3 triples the capacity of its predecessor
[11:15] {Threei} Cisco CRS-1 Carrier Routing System, with up to 322 Terabits per second, which enables the entire printed collection of the Library of Congress to be downloaded in just over one
[11:15] {Threei} second; every man, woman and child in China to make a video call, simultaneously; and every motion picture ever created to be streamed in less than four minutes.
[11:15] {Les} yadda yadda yadda
[11:15] {nemo} yeah, but you need enough fiber to carry that info
[11:16] {Threei} and with all this revolutionary talk CSCO upticked whole 13 cents?
[11:16] {Les} yeh and AT&T will give that sort of capacity for a revolutionary low price...
[11:16] {Threei} SEED Ticks higher on resurfacing take over chatter (11.47, +0.20, 1.77%)
[11:21] {dino} fdx hl l .25
[11:35] {Threei} EZCH Weakness attributed to no indication that its technology being used in the new Cisco routing products
[11:35] {Threei} - the stock traded up 12% yesterday ahead of today's webcast. (17.43, -0.98, -5.32%)
[11:38] {Threei} market will climb until no single bear remains in any single forestry area o any continent
[11:40] {magoo} cnbc was mentioning this morn that since the bottom (1 yr anni today) that there has not been 1 pullback of 10%...unusual...they noted we did have recently that 1 pullbk of 9 %
[11:41] {Threei} so... anyone got any reasonable theory about how come all these Toyota cars acceleration cases repeat and repeat, and no driver solves it by switching to neutral, even when consulted by police as this latest one?
[11:41] {Threei} what do I miss, it seems so obvious
[11:42] {Les} you have too great an independent streak
[11:42] {magoo} when a motor is "0n the gas" alot of trannies wont let the drive move to nuetral
[11:42] {Threei} hmm?
[11:42] {RonS} Think about who owns Toyotas...lemmings. They have no idea how cars work.
[11:42] {Threei} seriously?
[11:43] {dino} no they recommended to go to neutral
[11:43] {Threei} ron, yes, but
[11:43] {Threei} some of situations give them a lot of time and uindependent consultant, not in the vcar
[11:43] {Threei} not under stress
[11:43] {Les} perhaps average american is sufficiently disciplined now to call police for every problem?
[11:43] {Threei} this latest one had a police patrol car driving next to him and helping him for crissake
[11:44] {Les} he was 61 I think
[11:44] {Les} his life flashing before his eyes...
[11:44] {Threei} how come they told him to step on brake with two feet plus engage manual brake
[11:44] {Threei} but not go to neutral
[11:45] {Threei} and that first guy, in Lexus, in SD... he was a cop
[11:45] {Les} good question. perhaps there is issue with prius trannie?
[11:45] {nemo} ?
[11:45] {Les} this latest was prius
[11:46] {Threei} yes, but previous ones were not
[11:46] {Raven} why not turn off ignition ?
[11:46] {Threei} that is not so simple
[11:46] {Threei} turning off ingition you lose power for streering, braking
[11:46] {Raven} we used to do that years ago to produce backfire
[11:46] {RonS} ...recalling a teenage experience when one friend,driving his grammas '59 caddy at 40 mph and another friend grabbed the shifter and threw it into reverse...what a sound!
[11:46] {nemo} put it in neutral
[11:46] {Threei} and in some cases steering wheel can get locked
[11:46] {Threei} yikes Ron, lol
[11:47] {Raven} I guess kids do not make backfires these days ... too hard
[11:47] {Threei} no
[11:48] {Raven} kids just tweet and other such useless endeavors
[11:48] {Threei} I can expect generation hat never drove a stick not to understand gears and what neutral does... but when cops are involved?
[11:48] {Raven} good point
[11:48] {nemo} yeah, grinding transmissions to create a sound is useful
[11:48] {Raven} absolutely
06[11:49] * nemo slaps Raven around a bit with a large dead albatross
[11:49] {Raven} Lysan Albatross ...Black-footed albatross ... be specific please
[11:50] {nemo} look...Coleridge comes to mind when I think of you
[11:50] {RonS} I guess it would take a bird to come with that
[11:50] {Threei} SLW Expects annual silver equivalent production to more than double by 2013 to +40M oz - Raymond James conf slides (15.44, -0.01, -0.06%)
[11:51] {Threei} wow... Chile quake moved a city by 10 ft
[11:53] {fernp} OSIP vad, any read?
[11:53] {Threei} GCOM
[11:53] {Threei} Globecomm Systems Inc Receives an Increased Scope Under a Multi-Year Contract with a Major U.S. Government Prime Contractor
[11:53] {Threei} received an increase in the total value of a four-year contract from a major U.S. Government prime contractor valued up to $127.0 million. The original contract amount was $42.4 million and $70.0 million has been authorized by the customer during the first three years of the contract. The customer has now exercised its option to authorize $34.2 million for the third contract year.
[11:54] {Threei} huh
[11:54] {Threei} isn't it bought out?
[11:54] {Threei} OSIP I mean
[11:55] {Threei} got offer
[11:55] {Threei} not agreed yet
[11:55] {fernp} don't know
[11:55] {dino} all green
[11:55] {Threei} hard to tell fern, this kind of things tends to lock the price,
[11:55] {Threei} needs some development
[11:55] {fernp} yeah. true
[11:55] {Threei} new offer, or rejection
[11:55] {Threei} or something else to change the status quo
[11:57] {dino} out fdx .50, +.25
[12:24] {fernp} .
[12:25] {RonS} .
[12:25] {dino} ..
[12:25] {RonS} ...-
[12:26] {RonS} I am thinking Vickie von VXX if SPX goes to 1146 early
[12:27] {Threei} sorry... what do you want to do with VXX?
[12:27] {RonS} Long VXX
[12:27] {Threei} or, wat do you want to do with Vickie?
[12:27] {Threei} long where?
[12:29] {RonS} Hopefully a vix capitualtion at 17.40, although i recognize that this is a mixed vix futures instrument...
[12:29] {Threei} yeah, they are not directly realted
[12:29] {Threei} general direction mostly
[12:51] {dino} rbs
[12:53] {dino} lfc states net income could triple on acct changes
[12:53] {Threei} RBS.UK Banco Santander has exploring bid for RBS's branches - WSJ
[12:54] {dino} ty
[12:55] {Threei} good spot for RBS to bounce
[12:56] {dino} tho waking up
[13:03] {magoo} be back in a half hour
[13:03] {jfjf64} aig runnin
[13:04] {RonS} Does KLIC have another leg?
[13:05] {Threei} I doubt it Ron
[13:05] {Threei} don't see AIG news
[13:07] {Threei} what the deuce?
[13:07] {jfjf64} wow
[13:08] {dino} back in 20
[13:08] {Threei} let me guess
[13:08] {Les} games being played and we're not invited...
[13:08] {Threei} magoo went for beer
[13:08] {Threei} dino realized it and went too
[13:08] {patience} i'm thinking you are right vad
[13:09] {jfjf64} jealous
[13:09] {jfjf64} look vol aig
[13:09] {Threei} explosive
[13:10] {jfjf64} what goes up must cm down
[13:11] {Threei} not before killing those who think so too ealry
[13:11] {jfjf64} omg
[13:13] {Threei} momo
[13:13] {Threei} what an irony
[13:13] {Threei} magoo left 1 min before
[13:13] {Threei} he lives for this kind of moves
[13:13] {Les} just asking myself how many individual traders just jumped onto aig
[13:14] {Threei} on a short side
[13:14] {nemo} sharks to blood
[13:14] {Threei} and getting chewed up and spat out now
[13:15] {Les} not shortable
[13:15] {RonS} AIG belated reaction to the C run?
[13:15] {strider} Howdy.
[13:15] {Threei} shortable here
[13:15] {Threei} I don't think so Ron
[13:15] {Threei} AIG really marches on its own beat
[13:17] {Les} yeh... pump my trash
[13:19] {strider} What's up with AIG?
[13:19] {strider} besides the price
[13:19] {Threei} that's it
[13:20] {strider} hmmm
[13:20] {Threei} OK, now, this e-mail I just got thanks to bad typing of the sender, is perfect description of what happens to AIG premature shorters
[13:20] {Threei} read carefully:
[13:20] {Threei} Dear Beloved Friend
[13:20] {Threei} I saw your profile and decided to contact you for assistance. I am the daughter of Jonas Savimbi the rebel leader in Angola who was short dead on the 25th of February, by the opposing Angolan Army
[13:21] {Threei} sigh
[13:21] {nemo} trader too
[13:21] {RonS} "short dead" - joke/
[13:21] {nemo} :)
[13:22] {strider} he was short dead. does that mean it got better?
[13:22] {Threei} that's how e-mail is typed
[13:22] {strider} Looks suspiciously like a letter vad might have typed.
[13:22] {larisa} lol
[13:23] {nemo} who else is gonna' write too him
06[13:23] * Threei slaps strider around a bit with a large nigerian scam 419
[13:23] {RonS} ...nemo, that is funny...
[13:23] {strider} write 'too' him? You can, nemo.
[13:23] {Les} you get those sort of emails? cool
[13:23] {nemo} good point strider
[13:23] {nemo} two him
[13:23] {Threei} get? I am buried under them
[13:23] {nemo} :)
[13:24] {Les} Viagra gets a bit boring as topic of junk mail after few years
[13:24] {Threei} We have never met, but I want to trust you and please do not let us down when this fund finally gets into your account.And I want you to promise me that you will not run
[13:24] {Threei} away with the money or sit on it
[13:25] {nemo} they always come with my aarp applications
[13:25] {billyc} nemo i just joined aarp
[13:25] {nemo} Got my first application when I was 38...musta' been the gray hair
[13:26] {billyc} lol
[13:26] {Threei} half lot short AIG 31 break if stays under .15
[13:26] {Threei} so discretionary, you discretonary traders were never discretionarer than this
[13:26] {Threei} I'd say discretionarest
06[13:27] * Threei envisions Raven fainting
[13:27] {Threei} needless to say invalider than invalidated
[13:28] {Les} someone's trying to offload. or scare those going long
[13:28] {Threei} goes to 32
[13:29] {Threei} maoevski, where the heck are you
[13:29] {Les} thanks for giving me dutch courage vad
06[13:29] * Threei slaps magoo around a bit with a large AIG run
[13:29] {Les} took it for +.13
[13:30] {Les} at least I can still go long
[13:30] {nemo} cat
[13:30] {Threei} 32
[13:31] {Threei} what's dutch courage?
[13:31] {Threei} europian idioms...
[13:31] {Les} australian idiom
[13:31] {Les} http://www.thefreedictionary.com/dutch+courage
[13:32] {Les} a bit literal that definition. can be courage gained from other "dubious" sources
[13:32] {Les} :)
[13:32] {nemo} ahhhh....beer muscles
[13:33] {Les} out aig another +.12
[13:33] {Les} i have memories of TM just now
[13:33] {Threei} and still no news
[13:33] {Threei} oh, and thanks for calling me duboius source
[13:35] {Threei} Greece Wants US to Adopt Stricter Regulations on Currency Traders
[13:36] {Threei} god, let me talk to Greece about that on behalf of US
[13:36] {Threei} 5 min is all I ask
[13:40] {dino} perhaps greece should worry about their currency a bit more
[13:41] {Threei} they do
[13:41] {Threei} they dislike US currency traders shorting the crap out of theirs
[13:41] {Threei} and they think that's the reason thier currency, economy etc crap out
[13:43] {magoo} back, I SEE IT
[13:43] {magoo} unbelievable...as i left
[13:43] {Threei} i rearview mirror
[13:43] {Threei} no kidding
[13:43] {magoo} freakin trading gods hate me
[13:44] {magoo} l .50
[13:44] {Threei} [13:13] {Threei} what an irony
[13:44] {Threei} [13:13] {Threei} magoo left 1 min before
[13:44] {Threei} [13:13] {Threei} he lives for this kind of moves
[13:45] {magoo} out .68
[13:45] {magoo} HA
[13:45] {Threei} wtg
[13:45] {Threei} sweet revenge
[13:47] {Les} tm tanking hard
[13:47] {Les} gotta be bounce material
[13:47] {Threei} finally
[13:47] {Threei} I can't believe this is not a 30 stock still
[13:49] {magoo} aig
[13:49] {Threei} AIG Hearing vague speculation that short selling rules could restrict activity in C, FNM, FRE, and AIG (32.88, +3.78, 12.99%) (related FNM FRE C )
[13:49] {Threei} that's all??
[13:50] {Threei} sheesh
[13:50] {magoo} l .89
[13:50] {Threei} short the hell out of it
[13:50] {Threei} TM Intiates recall of 2004-2009 Prius models following recent California incident (76.60, -1.34, -1.72%)
[13:50] {Threei} short TM
[13:50] {Threei} .57 break
[13:50] {magoo} in
[13:51] {magoo} out aig .15
[13:51] {nemo} looks like their giving creedence to the aig rumor
[13:51] {Threei} stop above .65 for scalpers, .70 for sane tradfers
[13:52] {magoo} crap
[13:52] {Threei} lol
[13:52] {Threei} come on
[13:52] {Threei} how can TM hold with this?
[13:53] {nemo} same way the market has been holding
[13:53] {dino} out swm ave .98, +.87
[13:54] {Threei} wtg
[13:54] {dino} took all day
[13:55] {magoo} l aig .30
[13:55] {Threei} I give up - if Toyota quits making car at all, TM goes to 300
[13:55] {magoo} out
[13:55] {magoo} -.20
[13:57] {Threei} (HU) Hungary's Karvalits: Need the EURO as soon as possible; would create stability and safety (related USD/HUF EUR/HUF )
[13:58] {Threei} as in, there will be someone to bail us out?
[14:02] {Threei} .80 break hakf lot long AIG
[14:02] {Threei} late
[14:03] {Les} nice. took it ty
[14:03] {Threei} welcome
[14:03] {nemo} fcx might set up short break of .25
[14:04] {Les} TM's not playing the game?
[14:07] {Threei} Sex.com Domain Is up for Sale
[14:07] {Les} well that'd get you plenty of extra hits for your advertising revenue
[14:08] {Les} dunno if it's attracting right customers
[14:09] {nemo} paying customers
[14:09] {nemo} they
[14:09] {nemo} they're the right kind
[14:09] {Threei} jeez
[14:09] {dino} nemo, on what time frame do you use bb's
[14:09] {Threei} automotive analyst
[14:09] {Threei} gives zillion advice what to do,
[14:09] {nemo} same as Vadster
[14:09] {Threei} praises this guy in latest incident,
[14:09] {dino} daily?
[14:09] {dino} intra?
[14:09] {Threei} in a good while she is asked "what about neutral"
[14:10] {Threei} she says oh yes, that's a first advice, switch to neutral
[14:10] {Threei} almost like afterthought
[14:10] {nemo} comes from the shallow end of the gene pool
[14:10] {dino} aone
[14:10] {Threei} I feel like I am in parallel universe
[14:10] {nemo} perhaps perendicular
[14:11] {jfjf64} true
[14:11] {dino} open drop
[14:11] {Threei} the most obvious and necessary thing to do is being almost totally ignored
[14:12] {Threei} AONE, no news,
[14:12] {Threei} spike with sharp volume increase
[14:12] {Threei} market is in squeezing mood thanks to AIG,
[14:12] {Threei} let's see if pace returns to AONE
[14:12] {Threei} it has potential to pull AIG
[14:13] {Les} AIG...
[14:13] {Les} I'm lovin it
[14:13] {RonS} ...let me guess...takeover rumor...
[14:13] {nemo} who aig or aone Ron?
[14:14] {RonS} aone...the Feds already tookover AIG...
[14:14] {magoo} back in aig here .30
[14:15] {dino} lol ron, but true
[14:15] {Threei} see AONE pace?
[14:15] {Threei} not full blown momo yet, but trying
[14:16] {dino} 17.80s been resistance 5 day
[14:25] {jfjf64} zzzzzzzzzzzzzzzzzzzzzzzzz
[14:25] {dino} sm l open .25
[14:26] {dino} too soon
[14:26] {dino} stop is .98
[14:27] {dino} tho stop to .51
[14:30] {Threei} (GR) White House Pres Sec Gibbs: Greece situation is an issue for the EU to resolve (related EUR/USD SOVRX NBG )
[14:30] {dino} to .55
[14:30] {Threei} no really?
[14:30] {nemo} here comes the afternoon rally
[14:30] {Threei} guts?
[14:31] {Threei} we are not bailing out Greece, and whole EU?
[14:31] {nemo} no you're not, your canuck
[14:31] {Threei} I sure am
[14:31] {Threei} you kill your diollar, my loonie rises, I lose big time
[14:33] {dino} the game the game, all that really matters is the game
[14:33] {Threei} Long Setup: CAT .65 break
[14:33] {Threei} if stays above .60
[14:33] {dino} to .61
[14:34] {Threei} PKD Hearing Dealreporter speculating it could be a takeover target (5.41, +0.18, 3.44%)
[14:35] {dino} out .64 +.24
[14:36] {dino} tho that was
[14:38] {dino} syx strong
[14:40] {Threei} 33.40 short AIG was so tempting... why did I decide to stay away
[14:40] {Threei} UK) BoE's Posen: Hopes that the BoE is finished with QE; markets beat up Greece, now they are turning to the UK
[14:40] {Threei} lol
[14:41] {Threei} these guys won't get it, ever
[14:41] {Threei} in their eyes they are blameless, it's market that beats them up
[14:45] {Les} Vad, what do you make of LO on daily chart?
[14:45] {Les} are those bear flage?
[14:46] {Les} sort of looks like salmon in reverse
[14:46] {Threei} no idea
[14:46] {Threei} flat volume
[14:46] {Les} k
[14:49] {dino} open stopped -.27
[14:52] {nemo} 3 year auction was strong
[14:52] {nemo} info came out about 1 pm
[14:55] {Threei} Long Setup: BC .42 if holding above .35
[14:56] {RonS} BC 12.5 mil short, 12% of float
[14:57] {Threei} news a while ago
[14:57] {Threei} BC Expects wholesale unit shipments to rise 50-60% in 2010 - Raymond James conf slides
[14:57] {Threei} - Dealers will maintain lower inventories in 2010
[14:58] {Les} tm
[15:01] {Les} some biggers offers to chew thru here in BC
[15:01] {Threei} ITMN FDA Panel votes 7-5 that data is sufficient on effectiveness (23.30, 0.00, 0.00%)
[15:02] {Threei} halted from morning
[15:02] {dino} back in 10
[15:04] {Les} partial or scalp vad?
[15:04] {Threei} BC 1:1
[15:05] {Threei} your choice
[15:05] {Threei} can't tell
[15:05] {Les} half out
[15:05] {jfjf64} ty
[15:07] {Les} all out ty
[15:07] {Threei} welcome
[15:07] {Les} dug myself incredibly big hole
[15:07] {Les} and dug myself out
[15:07] {Les} one of these years
[15:07] {Les} I will cease to dig holes
[15:08] {Threei} with all my preaching of staying inactive on atrenoons?
[15:08] {Les} afternoon has been very good to me
[15:08] {Les} TM & LO shorts
[15:08] {jfjf64} you went crazy on us today
[15:08] {Threei} me?
[15:08] {Les} no, trying to do my own thing in morning
[15:09] {jfjf64} + for day ty
[15:09] {Threei} sure thing
[15:09] {Les} missed UAUA, which would have been some good green
[15:10] {jfjf64} uaua was great
[15:10] {jfjf64} how u miss les
[15:11] {Les} yeh for shame I didn't chase 3 cents
[15:11] {nemo} markets gonna drop again
[15:13] {jfjf64} looks lk vxx gonna tk off
[15:13] {strider} can't short FCX
[15:14] {Les} wow. squeeze followed by selloff. market looking tired
[15:14] {jfjf64} imax vad
[15:15] {RonS} ...check CSX...if closes below 49.44...looks like an easy 48.90 for tomorrow
[15:17] {Les} TM closing in on lod
[15:17] {jfjf64} vxx grrrrrrrrrrrrr
[15:19] {dino} sorry guys, tripped over market cord on my way out, i'll plug it back in
[15:20] {Threei} trhank you
[15:20] {larisa} do not :) let it sell
[15:20] {larisa} trhank?
[15:20] {dino} hmmm
[15:20] {Threei} sigh
[15:21] {dino} missed syx, wanted to short but had to leave
[15:21] {dino} uaua gives it back
[15:22] {Les} TM lod
[15:24] {magoo} sh cat loss 59
[15:25] {RonS} X looks like a real reversal...something for A.M.
[15:27] {magoo} cat no trigg
[15:27] {jfjf64} vad ya lk imax
[15:27] {Threei} don't know
[15:27] {Threei} but AIG looks like reversing to the upside
[15:29] {Threei} nope, not yet
[15:32] {jfjf64} x big reversal
[15:33] {Threei} ugh
[15:33] {jfjf64} aig
[15:33] {nemo} what..aig
[15:33] {magoo} yea
[15:33] {Threei} yeah, .50 recross was it
[15:33] {nemo} volume was dropping on the recross though
[15:35] {Les} yeh that was what kept me off the trigger. deceptive little scumbag
[15:35] {nemo} stop calling me names
[15:35] {Les} AIG too
[15:36] {Les} long .01
[15:36] {magoo} may go to highs AIG
[15:38] {dino} l open .93
[15:38] {Les} out +.37.
[15:38] {dino} sm
[15:38] {dino} gj les
[15:38] {Les} voilĂ  a green finish.
[15:38] {Les} ty
[15:38] {magoo} in aig 33
[15:39] {Les} I'm learning Vad...
[15:39] {dino} wtg les
[15:39] {Les} follow your moves to make tidy if small profits when market is stuck like this...
[15:39] {Les} and when TM, AIG or another momo comes along
[15:39] {Les} KILL
[15:39] {magoo} out + .4
[15:40] {magoo} gotta go..c you tomorrow
[15:40] {Les} ciao
[15:40] {Threei} take care mags
[15:41] {Les} out +.10 again
[15:41] {Les} it's an ATM, this AIG
[15:42] {larisa} just try to trade it for real, you will see it is not :)
[15:42] {nemo} I was thinking that myself
[15:42] {dino} lol
[15:42] {dino} i stay away from that, aapl, and rimm
[15:43] {Les} we'll see
[15:45] {Threei} BC if anyone's still in, 1:2
[15:47] {dino} out open ave .16, +.23
[15:48] {nemo} that woulda' stopped out after 1:1
[15:48] {Threei} Market Internals update at 3:30pmET
[15:48] {Threei} - NYSE volume 825M shares, about 3% above its three-month average; decliners lead advancers by 1.2:1.
[15:48] {Threei} - NASDAQ volume 2.18B shares, about 23% above its three-month average; decliners lead advancers by 1.1:1.
[15:48] {Threei} - VIX index +0.5% to just under 18.00
[15:49] {dino} calling it a day, slow but good. thx all. vad stay in that early morning zone, you are helping me
[15:50] {Les} caio
[15:50] {Threei} take care dino
[15:50] {dino} will do, you too
[15:56] {RonS} Have a good afternoon nad evening all. Thanks Vad.
[15:56] {Threei} take care Ron
[15:56] {Threei} thank you all
[15:56] {Les} thank you.
[15:56] {Threei} have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {strider} Thanks, vad.
[15:56] {Les} keep the momo coming
[15:57] {strider} a la manana
[15:57] {larisa} bye all :)