Thursday, March 11, 2010

Mar 11 2010

Two bigger winning trades on IMAX, both long and short, and couple scalps - and quite a few small stops, practically nullifying the profit. Flat day for us - not exactly ending the winning streak but pausing it.

Session Time: Thu Mar 11 00:00:00 2010

[08:11] {Threei} (US) Preview: Jan Trade Balance expected out at 8:30amET (13:30 GMT)
[08:11] {Threei} **consensus expectation: -$41.0Be v -$40.2B prior (range of analyst estimates seen from -$4040B to -$37.0B)
[08:11] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET
[08:11] {Threei} - Expectations for initial claims are 460Ke v prior week at 469K (range seen from 440K to 480K)
[08:11] {Threei} - Continuing claims seen at 4.500Me v prior week at 4.500M (range seen from 4.450M to 4.600M)
[08:30] {Threei} *(US) JAN TRADE BALANCE: -$37.3B V -$41.0BE
[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 462K V 460KE; CONTINUING CLAIMS: 4.558M V 4.500ME
[08:31] {Threei} BSX FDA Approves Boston Scientific's Express(R) LD Iliac Stent System (7.65, 0.00, 0.00%)
[08:33] {Threei} - The Express LD Iliac Stent is the first and only low-profile, premounted, balloon-expandable stent approved by the FDA for use in treating iliac artery disease. The Company said it plans to launch the product immediately in the United States.
[08:33] {Threei} - Atherosclerotic iliac disease occurs when plaque builds within the arteries that supply blood to the legs, which can lead to poor blood flow, leg pain and other complications. The disease can be treated with medication, surgery or angioplasty.
[08:44] {Threei} Imax Corp Exec: Expects 2010 to be a much stronger year for theater signing - conf call
[08:44] {Threei} - Attributed mostly to Avatar which exceeded significantly expectations
[08:44] {Threei} - Alice in Wonderland has exceeded significantly expectations as well
[08:44] {Threei} - Will revisit strategic operations
[08:47] {nemo} hehehe...fresh meat :)
06[08:48] * Threei slaps nemo around a bit with a large reminder of how polite people start heir morning
[08:48] {nemo} have you forgotten to whom you are speaking?
[08:48] {fernp} Good morning everybody
[08:48] {Threei} no, but I still hold faint hope
[08:48] {Threei} fern :)
[08:48] {Threei} see nemo?
[08:48] {nemo} a four-letter word
[08:49] {Threei} open the door, enter the room, look around, see people - and say good morning!
[08:49] {nemo} Buenas Dias Fern
[08:49] {nemo} I prefer sneaking in...striking...and slithering back out
[08:49] {fernp} buenas nemo
[08:50] {nemo} AIG news this morning Vadster?
[08:50] {Threei} no
[08:50] {nemo} trader toy then, huh?
[08:50] {Threei} pretty much
[08:50] {Threei} either squeeze or squeeze fears
[08:52] {Threei} from circulating e-mail:
[08:52] {Threei} Prius driver: Well will you look at that, this thing actually CAN do 90! Bill owes me 50 bucks! Ha ha Oh crap, are those police lights behind me? Dang! Wait this is a TOYOTA Prius uh I cant slow down, right? Yah. Thats the ticket. Maybe they wont give me one if I just wave my arms and look like I cant figure out how to stop this thing?
[08:53] {nemo} oh they can go ex had one, I remember 80 mph being no problem
[08:53] {Threei} another pearl:
[08:53] {Threei} Buy a Toyota and fight that ticket!
[08:53] {Threei} Caught in the radar beam of a speed gun? Picture taken by a red light camera? Not a reason for concern if you drive a Toyota! Keep going! Simply call 911 and tell them your car is speeding out of control. Eventually, a police officer will catch up with you. Follow the instructions of law enforcement for bringing your vehicle to a halt. Remember: This works only in a Toyota! So get one now. Operators are standing by.
[08:53] {nemo} they have a 4-cyl. engine that takes over for the battery
[08:54] {nemo} hehehehe
[08:55] {Threei} Buy a Toyota and become a celebrity!
[08:55] {Threei} Want to join the ranks of the rich and famous? Now YOU can use a proven method that has been a secret until now: Buy a Toyota! Drive it along the freeway. Then press 9 1 1 and DIAL on your cell phone. Operators are standing by. Tell them you cannot stop your car and it is a Toyota. Remember that all-important phrase. You MUST say its a Toyota. You will become the star of FREE press conferences. Your will be on NATIONAL TV for FREE. Magazines will offer you money for EXCLUSIVE INTERVIEWS. Publishing companies will BID FOR THE BOOK RIGHTS.
[08:57] {Threei} IMAX is a bit strange
[08:57] {Threei} smashing earnings and guidance, traded around 16.40 first thing in the morning,
[08:58] {Threei} then CC started, it dropped into red
[08:58] {Threei} 15.90
[08:58] {Threei} recovered a bit now
[09:06] {Threei} - Says Avatar created significant brand awareness and solidified studio relations
[09:06] {Threei} - Expects growth of 35% of revenue from JV theaters
[09:06] {Threei} - Expects "healthy" earnings and EBITDA in the long-term through brand growth
[09:07] {Threei} now it's getting velocity
[09:08] {nemo} yep
[09:08] {Threei} well, let's see if we get some readable pullback
[09:09] {nemo} right
[09:09] {dino} gm all
[09:09] {Threei} dino :)
[09:09] {nemo} ford
[09:09] {strider} morning all
[09:09] {nemo} HB!
[09:09] {Threei} strider :)
[09:09] {strider} :)
06[09:09] * nemo slaps Les around a bit with a large trout
[09:10] {Threei} BSX worth watching too
[09:11] {Threei} not bad results from big bird:
[09:11] {Threei} RAVN Reports Q4 $0.32 v $0.31e, R $55.8M v $56Me
[09:11] {dino} gj raven
[09:11] {Les} oh that just warms my heart. I haven't even finished reading the log Nemo...
[09:11] {Les} afternoon
[09:11] {Threei} les :)
[09:13] {Raven} thx dino :)
[09:13] {Threei} ugh IMAX
[09:13] {Threei} seriously got away
[09:14] {dino} :)
[09:14] {dino} yuii
[09:17] {Threei} SYNO Expects significant improvements in FY10 - conf slides (2.90, 0.00, 0.00%)
[09:17] {jfjf64} mornin
[09:17] {Threei} jf :)
[09:18] {jfjf64} cant log into scanner play around after open
[09:19] {Threei} when you copy username and password, watch for spaces around them
[09:19] {Threei} if you copy a space, scanner login takes it as a meanignful chartacter and refuses to let you in
[09:19] {nemo} yuii dino
[09:20] {dino} see above
[09:20] {dino} grant thornton acct quit
[09:20] {Threei} Yuhi International Grant Thornton to resign as accounting firm -filing (update)
[09:20] {Threei} - On March 5, 2010, Yuhe International, Inc. was notified by Grant Thornton, the China member firm of Grant Thornton International, its independent registered public accounting firm, that Grant Thornton is resigning as the Companys independent registered public accounting firm effective immediately.
[09:21] {nemo} oy vay
[09:23] {nemo} lari :)
[09:24] {larisa} gm nemo, vad, all:)
[09:24] {Threei} larisa :)
[09:24] {Les} hi larisa
[09:24] {larisa} les :)
[09:26] {lasertrev} morning
[09:26] {Threei} trev :)
[09:31] {Threei} GNBT Receives Positive Responses From Independent Physicians and Nurse Practitioners in Recent Focus Groups Conducted in the United States for Generex Oral-lyn(TM) (0.66, +0.02, 2.48%)
[09:33] {Threei} Long Setup: IMAX .50 break half lot
[09:33] {nemo} too fas
[09:33] {Threei} stop under .35
[09:33] {Threei} same setup valid again
[09:33] {Threei} invalidated
[09:34] {Threei} trades a bit hysterically, let's let it drop more
[09:34] {nemo} qs volume up 330% spy 100% for this time of day
[09:35] {nemo} fas taking off
[09:36] {Threei} all finnies did
[09:36] {Threei} WFC lagged a bit, but jumped fast
[09:36] {Threei} pulling back now
[09:36] {Threei} .50 recross long
[09:36] {Threei} stop under .40
[09:36] {nemo} whipsaws this morning
[09:37] {Threei} let's try aggressive
[09:37] {Threei} in .44
[09:38] {Threei} .38 stop
[09:38] {KSystems} ah
[09:38] {KSystems} thats looking better
[09:38] {Threei} ks :)
[09:38] {KSystems} morning
[09:38] {nemo} Gruess Gott
[09:38] {Threei} US Senator Dodd to unveil financial reform bill Monday without support of Republicans; hopeful may still reach deal - WSJ
[09:40] {Threei} come on WFC
[09:40] {Threei} jump
[09:42] {Threei} half out .55
[09:43] {Threei} stop to .43
[09:43] {dino} jcg sm l .51
[09:47] {nemo} nice precision on that retrace
[09:47] {jfjf64} imax vad
[09:47] {Threei} can't make up my mind on it jf
[09:47] {Threei} not enough enthusiasm
[09:47] {jfjf64} ty
[09:47] {Threei} I'd think, more downside
[09:48] {Threei} out balance WFC
[09:48] {Threei} oh well
[09:49] {jfjf64} vxx
[09:49] {Threei} Short Setup: IMAX .90 break
[09:50] {Threei} if stays under 17
[09:52] {Threei} no go
[09:53] {Threei} don't have a feel for IMAX obviously
[09:55] {Threei} (CH) Chile continues to experience after shocks; most recent 7.2 magnitude quake hits Libertado O'Higgins
[09:55] {Threei} PBR Reportedly discovering oil in Colombia (46.55, -0.01, -0.02%)
[09:55] {fernp} INTC if breaks 21.00, Vad?
[09:56] {Threei} if you want a few cents scalp
[09:57] {dino} nav hl l .85
[09:58] {dino} geoy
[09:59] {Threei} IMAX rinse
[10:00] {RonS} BBBY fbr cut rating
[10:01] {Threei} CAT May shift some excavator production to the US from Japan, could double the number of US excavator staff (related JOBSX )
[10:01] {Threei} all this jumping up and down is happening in too narrow range
[10:02] {Threei} not finding squat so far
[10:03] {dino} then stand up
[10:03] {Threei} VXX, should dive briefly under .20 and become a long on recross
[10:03] {jfjf64} gymb
[10:03] {jfjf64} .50
[10:04] {nemo} ?
[10:04] {Threei} AIG
[10:04] {Threei} 37 break
[10:04] {nemo} you mean 50.00?
[10:04] {Threei} half lot long, stop .85
[10:04] {Threei} YUII Spokesperson: Material weakness is believed to be tied to Sarbanes-Oxley compliance levels (9.51, -2.49, -20.75%)
[10:05] {Threei} (FR) President Sarkozy is not in favor of weak euro - Le Figaro
[10:05] {Threei} lol, euro is going to listen to him
[10:05] {Threei} VXX, .15 break long
[10:06] {Threei} stop under .10
[10:06] {Threei} AIG invalidated
[10:06] {Threei} sigh
[10:06] {Threei} what's with today
[10:07] {nemo} markets say your winning streak too long
[10:07] {Threei} or is it my losing day finally, after 4 weeks and 3 days of winning streak?
[10:07] {Threei} yeah, could be
[10:07] {dino} eqt l .00
[10:08] {dino} stop that kind of talk, the day is young
[10:08] {Threei} thought of VXX .30 short and decided against it
[10:08] {Threei} my read is off so far today
[10:09] {Threei} look at IMAX
[10:09] {Threei} that short was exactly right idea, and got rinsed by what, couple cents?
[10:11] {Threei} VXX long, same
[10:11] {nemo} .15 break?
[10:12] {Threei} yeah
[10:12] {Threei} rinse
[10:12] {jfjf64} guess no gymb takers 50.00
[10:13] {nemo} wow...nice jf
[10:13] {dino} gj
[10:13] {jfjf64} watchin 5 min chart now
[10:14] {jfjf64} ty
[10:16] {fernp} STI breakdown, Vad?
[10:16] {Threei} looks right
[10:17] {fernp} ty
[10:17] {jfjf64} .58 break gymb
[10:17] {jfjf64} big stop
[10:18] {jfjf64} 5 min chart boli up there
[10:19] {jfjf64} what ya think vad
[10:19] {Threei} not delighted
[10:21] {Les} ITMN closing in on 37
[10:22] {larisa} IMAX scalped off bottom, watching for db
[10:22] {strider} TM strong today
[10:23] {Threei} wtg larisa
[10:23] {Threei} IMAX looks ready for bigger bounce
[10:23] {jfjf64} 1/1
[10:25] {Threei} Long Setup: IMAX .60 break
[10:25] {Threei} if stays above .50
[10:30] {Threei} not a scalp for me
[10:30] {Threei} will try to partial if works
[10:32] {Threei} Market Internals update at 10:30amET
[10:32] {Threei} - NYSE volume 210M shares, about 14% below its three-month average; decliners lead advancers by 2.7:1.
[10:32] {Threei} - NASDAQ volume 535M shares, about 6% above its three-month average; decliners lead advancers by 1.9:1.
[10:32] {Threei} - VIX index +2.5% to just over 19.00
[10:32] {Les} attention vad: you're hour of active market was up 2 mins ago :)
[10:33] {Threei} today is different
[10:33] {Threei} we had no early range
[10:33] {Threei} break of narrow opening one can set very different stage
[10:33] {Les} ok
[10:34] {jfjf64} dps 35.00
[10:34] {nemo} if that bid real, floor at .60
[10:34] {nemo} ope
[10:34] {nemo} nope
[10:35] {nemo} as soon as bid pulled imax dropped
[10:36] {nemo} mags :)
06[10:37] * Threei slaps magoo around a bit with a large alarm clock
[10:37] {magoo} u hitting them
[10:37] {Threei} half out IMAX
[10:37] {Threei} .73
[10:37] {dino} out eqt .20, +.20
[10:37] {Threei} stop to under b/e
[10:38] {Threei} not a stellar day so far mags, just got b/e
[10:38] {magoo} i feel bad...shouldnt be rewarded for being latre
[10:38] {Les} missed aig reversal off yesterday's closing price and it hasn't looked back. kicking myself
[10:39] {magoo} its hard to predict les
[10:39] {Les} didn't miss. hesitated after being severely beaten at opening
[10:40] {Les} ITMN still being drawn to 37
[10:42] {Threei} offering 1/4 more above .80
[10:42] {Les} cytk bottom
[10:42] {dino} ndx green
[10:43] {dino} imax target?
[10:43] {Threei} partials, next above .80, stop trail to under .70, and last piece somewhere around .90
[10:44] {dino} lol, just wanted gut feel
[10:44] {Threei} my gut is off today
[10:44] {Threei} so I go with standard procedure
[10:44] {dino} eat something spicey
[10:44] {Threei} that's last resort
[10:44] {dino} or have a geen beer
[10:47] {Les} taken at .79 ty vad
[10:47] {dino} gj les
[10:47] {Threei} out 1/4 more
[10:48] {Threei} stop to under .70
[10:48] {Threei} routine replacing gut feel
[10:48] {fernp} NFX, Vad? valid breakout?
[10:48] {dino} out imax .87, +.27 ty vad
[10:48] {Threei} welcome sir
[10:48] {dino} jcg stop to .65
[10:49] {Threei} fern, it looks right, but I'd prefer entry on pullback
[10:49] {dino} told you the day was young
[10:49] {Threei} right you were
[10:49] {fernp} ty
[10:49] {Les} out ITMN +.22
[10:49] {Threei} wtg les
[10:49] {dino} wtg les
[10:49] {Threei} I know what took me off my game earlier
[10:50] {Threei} no nemo, not second glass of vodka
[10:50] {dino} jamison's in coffee
[10:50] {Threei} I got settled in this pattern of early big move
[10:50] {Threei} where we had to grab breaks or pullbacks early, make the most out of them
[10:50] {dino} out jcg ave +.17
[10:50] {Threei} and then sit and wait for the most of the day.
[10:51] {Threei} Today started differently
[10:51] {Threei} so old pl;an ceased working
[10:51] {Threei} luckily I realized it fast enough
[10:51] {Threei} 10:33] {Threei} today is different
[10:51] {Threei} [10:33] {Threei} we had no early range
[10:51] {Threei} [10:33] {Threei} break of narrow opening one can set very different stage
[10:51] {dino} fsys luv
[10:51] {Threei} and reward came in a form of nice IMAX play
[10:52] {Threei} out last piece
[10:52] {Threei} .92
[10:52] {Threei} if that's not a perfect execution
[10:52] {Threei} back in black
[10:52] {Threei} not much but heck
[10:52] {Threei} hey, it thrymes
[10:53] {Threei} rhymes
[10:53] {nemo} and AC/DC
[10:54] {fernp} 1:1 NFX
[10:54] {Threei} wtg
[10:54] {Les} nice
[10:54] {fernp} ty
[10:54] {dino} gj fern
[10:56] {Threei} second VXX short I see and miss today: 10:25, 24.35 breakdown
[10:56] {dino} fdx
[11:02] {Les} taxi time back later
[11:02] {strider} short fdx, .48
[11:02] {nemo} TFTW
[11:05] {Threei} (US) Senator Corker (R-TN): Disappointed in Senator Dodd's financial regulatory overhaul bill (related EUR/USD XLF )
[11:05] {strider} cover fdx, .27
[11:05] {strider} now I'm in the black.
[11:06] {strider} thanks for the heads up, dino.
[11:07] {RonS} wtg strider, dino
[11:09] {dino} np
[11:09] {dino} :)
[11:09] {strider} is anything a problem for you, dino:)
[11:10] {strider} other than nemo.
[11:10] {dino} ups up, fdx down, usually they run together
[11:10] {dino} lol strider
[11:10] {RonS} watch copper, JJC for those w/ no futures. 3.35 break down today tanks market or 45.50 on jjc
[11:10] {dino} ups s .49
[11:14] {dino} ups bstop is .62
[11:18] {dino} stopped
[11:20] {dino} oh no, guess who's coming on tv?
[11:20] {nemo} Rachel MacLish
[11:21] {RonS} dino 10 day comparison of ups fdx shows fdx outperforming. ups catchup day. ups daily R2 at 61.56, R3 at 61.98
[11:21] {RonS} nemo, that would be ruff...
[11:21] {nemo} maybe, maybe not
[11:22] {dino} agree ron, usually fdx leads
[11:22] {dino} geoy sm s .49
[11:22] {dino} .48
[11:22] {dino} bstop hod
[11:26] {Threei} SEED
[11:26] {Threei} .14 break for a scalp
[11:30] {nemo} aig at .05 offer
[11:30] {fernp} stop is .05, Vad?
[11:30] {Threei} right
[11:32] {nemo} 1/2 out aig
[11:33] {nemo} stopped 2nd half
[11:33] {nemo} looking short now
[11:34] {nemo} yep, went short
[11:35] {dino} ups rinsed
[11:38] {Threei} nice drop AIG
[11:38] {dino} get him off the tv
[11:39] {nemo} 1/2 out .65
[11:40] {nemo} damn...only 1/2 lot at lunch
[11:40] {Threei} games are being played on SEED
[11:40] {Threei} .05 buyer flashes fake offer
[11:40] {Threei} see him at .14?
[11:40] {nemo} creating a spread?
[11:40] {Threei} scaring into selling, so he covers what he shorted at .14 earlier
[11:41] {fernp} stopped SEED
[11:41] {nemo} out other 1/2/ .70
[11:42] {Threei} Preview: Federal Reserve to publish Q4 Flow of Funds/Household Wealth at 12:00ET
[11:42] {Threei} ** reminder: In Q3 Household wealth was up $2.67T, to $53.4T in total; for the second straight month of improvement
[11:42] {Threei} - Q3 Home mortgage debt annualized rate -3.5% v -1.5% q/q, and Consumer credit annualized rate -3.25% v -6.5% q/q
[11:44] {dino} stop geoy -.14
[11:45] {dino} issi
[11:45] {nemo} why dino
[11:47] {Threei} (EU) Morgan Stanley cuts Euro Zone 2010 GDP forecast to +0.9-1.2% (timing uncertain)
[11:47] {Threei} - Believes ECB will keep rates on hold through December (previously forecasted ECB rate hike in Q3)
[11:49] {dino} why what nemo
[11:49] {nemo} news
[11:49] {nemo} ?
[11:53] {dino} fdx l .30
[11:53] {dino} out fdx .49, +.19
[11:57] {Threei} (EU) ECB's Tumpel-Gugerell: Concerns about high inflation stemming from public debt are not justified
[11:57] {Threei} no, of course not
[11:57] {nemo} wtf
[11:58] {dino} nav last try .50 l hl
[12:01] {RonS} This seed LII is a trip...
[12:01] {Threei} (US) Fed reports Q4 Flow of Funds: Household wealth $700B to $54.2T in total; thid straight quarterly improvement
[12:01] {Threei} - Home mortgage debt annualized rate -1.25% v -3.5% q/q
[12:02] {Threei} - Household debt annualized rate -1.25% v -2.5% q/q
[12:02] {Threei} - Consumer credit annualized rate -5.75% v -3.25% q/q
[12:05] {Threei} - Ratio of net worth to personal disposable income 490% v 489% q/q
[12:05] {Threei} - Ratio of household debt to personal disposable income 122% v 123% q/q
[12:08] {fernp} PWRD Vad? bad moment for 40 break?
[12:09] {Threei} depends on market action
[12:10] {Threei} even slight market move back to highs may be enough for a scalp on PWRD
[12:10] {fernp} ok
[12:17] {Threei} [12:12] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)
[12:17] {Threei} oh the irony
[12:18] {nemo} hehehehe
[12:18] {strider} le bummer
[12:18] {Threei} crap... I need to stop worrying about your stops
[12:18] {Threei} RIMM .50 break, skipped alert
[12:19] {Threei} that's third today that I don't call to stay on exceedingly safe side
[12:19] {Threei} IMAX CEO: May bring the movie Avatar back to theaters with additional footage (16.69, +0.67, 4.18%) (related NWSA )
[12:20] {Threei} (GE) Germany Dep Fin Min: Currently working on the bank charge issue; no decision yet made (related IXG )
[12:21] {strider} PWRD is sticking at HOD
[12:22] {Threei} salmon
[12:22] {fernp} PWRD is not falling with market
[12:22] {fernp} ooops
[12:22] {Threei} still salmon... if you hoped for tuna response, no luck
[12:22] {strider} I was kind of hoping for a pullback near .80
[12:26] {strider} didn't hit my bid at .81
[12:28] {Les} AWIAV or AWPAV?
[12:29] {Les} P = planning
[12:29] {nemo} coma
[12:29] {Les} ah no, not planning on that. dinner then
[12:31] {fernp} ADM .42 break w/stop under .38 is valid, Vad?
[12:32] {Threei} can't tell
[12:32] {Threei} 50/50
[12:32] {fernp} ok. ty 5c. I'll try it
[12:33] {dino} watching sam, jcg, fdx
[12:34] {Threei} Short Setup: IMAX .50 break
[12:34] {Threei} if stays below .60 - .65
[12:34] {nemo} fcx short ?
[12:35] {Threei} .50 - .55 zone break...
[12:37] {dino} sam l ave .73 hl
[12:37] {dino} jcg l .33
[12:37] {Threei} Preview: Treasury's $13B 30-year bond reopening results due out just after 1pmET
[12:37] {Threei} - $13B is unchanged from the Dec reopening.
[12:37] {Threei} - Bid to cover ratio at the Jan reopening was 2.68 with an average of 2.58 over the last 6 reopenings.
[12:37] {Threei} - Indirect bidders took 40.7% of competitive bids at last reopening with 27.2% allotted at the high.
[12:42] {Threei} (US) Senate Majority Leader Reid: Still some issues to work out with healthcare reform bill (related IYH )
[12:42] {Threei} some?
[12:42] {Threei} SOME??
[12:42] {Threei} like, spelling chekc?
[12:49] {fernp} IMAX still valid, no?
[12:50] {dino} jcg stop to .44
[12:51] {fernp} ADM 1:1
[12:51] {dino} tighten it
[12:51] {Threei} yes fern
[12:51] {fernp} ty
[12:51] {dino} to .49
[12:52] {fernp} current stop is above .61, no?
[12:52] {Threei} yes
[12:53] {Threei} C
[12:53] {Threei} Citigroup Inc CEO Pandit: Sees consumer credit trends improving - conf slides
[12:53] {Threei} - Emerging markets likely to represent over 55% of potential revenue growth through 2012.
[12:53] {Threei} - Aiming for ROE for 1.25-1.50%
[12:54] {dino} to .55
[12:54] {dino} out ave .56, +.33
[12:54] {dino} opps +.23
[12:54] {Threei} GOOG (IT) Antitrust regulator reportedly extends investigation into advertising revenues (581.00, +4.55, 0.79%) (related YHOO MSFT )
[12:54] {Threei} nice one dino
[12:55] {dino} afce spike
[12:55] {dino} ty
[12:57] {Threei} wow
[12:57] {Threei} KS found his way back in
[12:58] {strider} long PWRD .94
[12:59] {strider} stop .89
[13:00] {strider} long TM .82, stop .74
[13:00] {Threei} TM, this is not even funny
[13:00] {strider} get out of our way, vad, we're going UP.
[13:00] {Threei} what they should do, start shooting those who drive Toyotas for their stock to drop?
[13:02] {strider} I think TM is a cult.
06[13:02] * nemo slaps strider around a bit with a large beatles album collection
[13:02] {Threei} well, a lot of people regard most recent incident as a fake
[13:02] {Threei} - Indirect bidders take 23.92% of competitive bids, with 82.8% alloted at high
[13:02] {Threei} - 29.65% go to Direct bidders
[13:03] {Threei} and I have to say, I find it very strange indeed
[13:10] {Threei} 6 points SPC range?
[13:10] {Threei} SPX
[13:12] {dino} yeah
[13:12] {dino} abvt sm l .92
[13:14] {Threei} IMAX, when it finally breaks, should be good for more than scalp
[13:14] {dino} imo not going to breakdown
[13:14] {Threei} ok... IF it finally breaks
[13:14] {dino} lol, never kow until you bet
[13:14] {dino} know
[13:14] {Threei} :)
[13:15] {dino} jesse
[13:15] {strider} OK, I'm with you guys.
[13:15] {Threei} I was told never to kow...
[13:15] {Threei} but did I listen? noooo
[13:15] {dino} for 10 years i was told i "don't know nothing"
[13:15] {Threei} what do you mean with us strider?
[13:16] {Threei} we are on opposite sides
[13:16] {Threei} pick one
[13:16] {strider} Joke. A line from "oh, brother...."
[13:16] {Threei} :)
[13:16] {dino} ahhh
[13:18] {strider} Was kind of hoping for a little afternoon pop.
[13:18] {strider} doesn't seem to be happening.
[13:19] {Threei} nemo
[13:19] {Threei} some here are hopng
[13:19] {nemo} yes
06[13:19] * nemo slaps strider around a bit with a large HOPE!!! is a FOUR LETTER WORD
[13:19] {Threei} there
[13:19] {Threei} we have hope police here strider
[13:19] {strider} OK...insert whatever state of mind you have when you take a trade.
[13:19] {Threei} fatalist
[13:20] {Threei} here comes setup, whatever happens - happens
[13:20] {strider} {-------knife to throat.
[13:20] {Threei} accept any oytcome with no emotional involvement
[13:20] {dino} out abvt .59 -.33
[13:20] {fernp} missed IMAX, broke too fast :-(
[13:20] {nemo} yeah
[13:20] {strider} I'll go back to being quiet again. :)
[13:20] {nemo} might retrace to test new resistance
[13:21] {Threei} come on, how nemo will be able to slap you then?
06[13:21] * nemo slaps strider around a bit with a large trout
[13:21] {Les} imax not shortable here :/
[13:21] {nemo} ...that was easy
[13:21] {Threei} kind of old russian joke
[13:22] {Threei} -can I pet your dog? - of course, otherwise how is it going to be able to bite you
[13:22] {dino} guess i was wrong
[13:23] {dino} thought you said your dog does not bite. thats not my dog
[13:23] {Threei} lol
[13:23] {nemo} mere blemish on the furniture
[13:23] {dino} pink panther movies i think
[13:23] {nemo} yes
[13:23] {nemo} old joke though
[13:24] {strider} Hope, and faith,......but the greatest of these is getting slapped around by a funky old trout.
[13:24] {Threei} little chihuahua bites big bulldog in half,
[13:25] {Threei} shicked owner of bulldog says WTH? What kind of dog is this?
[13:25] {Threei} chihua owner says, horribly expensive one,
[13:25] {Threei} plastic surgery for a alligator does not come cheap, you know
[13:25] {fernp} lol
[13:26] {strider} hmmm..
[13:26] {Raven} {}
[13:26] {Threei} (US) US Sen Dodd confirms will propose financial reform legislation on Monday
[13:26] {Threei} - claims inclusion of bipartisan compromises
[13:26] {Threei} - Includes: too big to fail, consumer protection, transparency, and derivatives oversight agreement not there yet
[13:26] {Threei} come on IMAX
[13:26] {Threei} 1 cent till 1:1?
[13:26] {Threei} die
[13:28] {strider} out PWRD +.23
[13:28] {Les} pwrd nice one st
[13:29] {strider} was fast.
[13:29] {strider} almost didn't get out in time.
[13:29] {dino} clne
[13:31] {strider} shezaam. PWRD
[13:31] {Threei} good find
[13:31] {Threei} salmon is salmon
[13:32] {strider} that was fern's find. Did you get in, fern?
06[13:33] * Threei hits IMAX over the head with 2x4
[13:34] {magoo} when was that trade entered?
[13:34] {Threei} .50 break
[13:35] {Threei} or you mean PWRD?
[13:36] {magoo} imax
[13:37] {Threei} .50 break then
[13:42] {Les} ITMN
[13:42] {Threei} stop to .56 IMAX
[13:43] {Threei} if it found bottom and reverses now, don't want to get caught
[13:47] {Threei} half out IMAX
[13:47] {Threei} .36
[13:47] {Threei} took its sweet time
[13:48] {Threei} stop to b/e
[13:48] {dino} good call
[13:48] {Threei} ty
[13:48] {Les} clne, u looking short dino?
[13:49] {dino} dk, that and fsys rockin', nat. gas plays momo today
[13:49] {nemo} fsys
[13:49] {Les} dk?
[13:49] {dino} was it strider took pwrd? nice
[13:50] {dino} don't know = dk
[13:50] {Les} ty
[13:51] {dino} ty? just busting
[13:51] {nemo} jb?
[13:51] {Les} busting?
[13:51] {Threei} sigh
[13:51] {dino} lol
[13:51] {Les} :)
[13:51] {dino} and the tangent arrives
[13:51] {nemo} :)
[13:52] {strider} stopped TM -.10
[13:52] {strider} POS cars
[13:53] {Threei} lol
[13:53] {Threei} getting stingy - stop to .46 IMAX
[13:54] {nemo} asylum picking up
[13:54] {Threei} one day I will open another room... Raven will be only one invited (well, larisa too but it goes without saying),
[13:54] {Threei} no jokes,
[13:55] {Threei} no meaningless banter,
[13:55] {Threei} only great spelling
[13:55] {Threei} and grammar
[13:55] {nemo} so....
[13:55] {nemo} you won't be there either
[13:55] {Threei} and quiet enlightened conversation
[13:55] {Threei} about high matters
[13:55] {Les} I can be quiet...
[13:55] {nemo} I'm worried...
[13:56] {Les} definitely not the room for me
[13:56] {jfjf64} what bout me vadd
[13:56] {Threei} there will be a few signs on the door
[13:56] {Threei} no les no more
[13:56] {Threei} no clown fishes
[13:56] {Les} :P
06[13:56] * nemo ...mmmhhhh....where's that list?
[13:56] {dino} is that your way of telling me to cancel my subscription
[13:56] {Threei} jf... you and magoo are are too rarely sober
[13:57] {Les} Is vad contemplating retirement?
[13:57] {Threei} for the last 10 years les, yes
[13:57] {Threei} die already IMAX
[13:58] {jfjf64} comon last week you were dieing during scalp mk up your mind
[13:59] {Les} starting to like ZION. setting up for b/o over these last two sessions
[14:00] {Threei} bidding 1/4 more IMAX .28
[14:00] {Les} fcx starting to see some solid selling
[14:01] {Threei} you shorted les?
[14:01] {Les} no been waiting to clear this congestion .50 or thereabouts
[14:01] {Threei} hmmm
[14:01] {Threei} it dropped into this support from way too far
[14:01] {Les} bounce coming
[14:01] {Les} ?
[14:02] {Threei} can't tell, but shorting after this drop without consolidation is dicey
[14:02] {Les} c'mon, you taught me well enough
[14:02] {Les} wasn't thinking otherwise
[14:02] {nemo} I've got a suppor line at .50 and opened today at .45
[14:02] {Threei} okay
[14:03] {nemo} Pride always cometh before the fall...
[14:03] {Threei} Market Internals update at 2:00pmET
[14:03] {Threei} - NYSE volume 540M shares, about 12% below its three-month average; decliners lead advancers by 1.5:1.
[14:03] {Threei} - NASDAQ volume 1.4B shares, about 3% above its three-month average; decliners lead advancers by 1.3:1.
[14:03] {Threei} - VIX index +1.2% to just below 19.00
[14:04] {RonS} ...prob needs a mkt push but chrw looks good for a .4 to .8 short on a lod break
[14:05] {Threei} especialy if loses lws of last two days
[14:06] {Threei} 53.02 - .05
[14:06] {RonS} sounds good Vad. txs
[14:08] {Les} fcx?
[14:08] {Threei} don't know les, too jerky
[14:09] {Les} ok
[14:09] {fernp} LEN .45 breakdown is valid, Vad?
[14:09] {Threei} 1/4 more IMAX out
[14:09] {Threei} out in full
[14:10] {Threei} I doubt it fern, this is water torture stock
[14:10] {Threei} isn't IMAX a good boy today
[14:11] {RonS} gj shares for me to short...
[14:11] {Threei} ugh
[14:12] {Threei} IMAX gave us two best trades today, on both long and short side
[14:13] {RonS} does that make it 3D?
[14:13] {jfjf64} no 3i
[14:13] {Les} that should be automatic ban from this room Ron
[14:14] {RonS} ...have not reached les status...yet...
[14:14] {dino} lucky you, lol
[14:14] {Les} (I'm changing sides. Humour nazi now)
[14:14] {dino} imax my guess would be gap fill and up
[14:15] {jfjf64} rons tell les to piss off
[14:15] {Les} Vad, you know what to do
[14:16] {Threei} sigh
[14:16] {RonS} ...never. i kindof hate that phrase...i prefer American crude, not Brit.
[14:16] {jfjf64} imax long wher entry vad
[14:17] {dino} out sam ave .03 tough to get out of, +.30
[14:17] {dino} brb
[14:17] {Threei} let it pull back under .10 now, jf,
[14:18] {Threei} form double bottom
[14:18] {Threei} and buy as close to 16 as possible
[14:18] {Threei} stop would be under 16
[14:19] {Les} Ron, example of American crude is?
[14:19] {Threei} first strength from here
[14:19] {RonS} dino check zmh
[14:19] {Threei} .05 break
[14:20] {jfjf64} in
[14:20] {nemo} somebody's screwing around, see that fake offer appear and disappear at .06
[14:21] {Les} pivot support .94
[14:22] {dino} zmh? strike games maybe
[14:22] {Threei} not holding
[14:22] {fernp} no go IMAX
[14:22] {jfjf64} grrr
[14:22] {dino} whoa imax
[14:22] {Les} that hurt
[14:23] {jfjf64} shakeout
[14:23] {dino} merrriman at 13:22 imax to sell
[14:23] {nemo} going to .67
[14:23] {jfjf64} all those stops hit
[14:24] {Les} we try bounce again lower vad? can't short this sucker
[14:24] {RonS} vad is having shorter's lament...
[14:24] {Threei} I am not guessing on a bottom
[14:24] {jfjf64} 15.65
[14:24] {Threei} it forms valid reversal setup, sure
[14:24] {nemo} right around there
[14:25] {Threei} if not, buy every next low is a complete suckers game
[14:25] {Les} right, makes sense
[14:26] {fernp} Good evening everybody. See you all tomorrow
[14:26] {Les} ciao fern
[14:27] {Threei} take care fern
[14:27] {dino} cya fern
[14:29] {Les} MS .70 b/d?
[14:30] {Threei} most likely
[14:31] {dino} imax gap 14.80s and 13.78
[14:33] {nemo} fas forming inverted H&S?
[14:33] {nemo} could be break .06 holding .95 on volume
[14:34] {Threei} not too reliable
[14:34] {nemo} what isn't?
[14:34] {Threei} H&S on FAS
[14:34] {dino} zmh sm l .35
[14:35] {Threei} AIG
[14:35] {Threei} bounbce time
[14:36] {nemo} well, FAS worked that time
[14:36] {nemo} 1/2 out .17
[14:36] {Threei} half lot AIG long .80 break
[14:36] {Threei} stop under .65
[14:36] {nemo} 1/4 more .30
[14:37] {Threei} sigh
[14:37] {Threei} why don't I go back to sleep
[14:37] {nemo} stop?
[14:37] {nemo} ahh...25
[14:37] {nemo} out
06[14:38] * nemo slaps Threei around a bit with a large coma stick
06[14:38] * nemo places funnel in vads mouth
06[14:39] * nemo pours vodka in funnel
[14:39] {dino} vodka bong huh
[14:39] {nemo} hehehe
[14:39] {RonS} vad, small consol but you kept me out of that chrw bear trap. thx
[14:40] {Threei} never lost those lows, I see
[14:42] {dino} thx ron on zmh, out .74, +.39
[14:42] {RonS} Zimmer Holdings (ZMH:$56.71,00$-2.15,00-3.65%) is recently down $2.51 to $56.34. Deutsche Bank believes a group of surgeons will present data pointing to potentially significant issues with one of ZMH knees at the American Academy of Orthopedic Surgeons today.
[14:42] {RonS} gj dino...this thing is dangerous right now
[14:42] {dino} i hope the other knee is ok
[14:43] {dino} you take it?
[14:43] {RonS} lol
[14:44] {nemo} guess I shoulda' set my stop under .10 0n fas
06[14:45] * nemo slaps nemo around a bit with a large cat-o-nine tails
[14:46] {dino} lod zmh
[14:46] {Threei} ok, this takes prize as the most stupid line I've seen this year:
[14:47] {Threei} Biden Urges Israel to Make Peace with Palestinians
[14:47] {strider} What did nemo say now?
[14:47] {nemo} what strider?
[14:47] {strider} ok, this takes prize as the most stupid line I've seen this year:
[14:47] {RonS} ...that will convince them.
[14:48] {nemo} good one
[14:48] {nemo} DH
[14:55] {Les}
[14:55] {Les} fishing, where I come from
[14:56] {Les} crap zion popped
[14:58] {RonS} trumpeting a turn to weaker USD
[15:04] {nemo} well off to sell politically incorrect merchandise c u tomorrow
[15:04] {Les} bibles?
[15:04] {RonS} cya nemo
[15:05] {nemo} hasta manana
[15:05] {magoo} vad, we in anything?
[15:06] {Threei} no... but ZION is tempting
[15:06] {jfjf64} later nemo
[15:13] {Threei} good pullback
[15:13] {Threei} .53 long
[15:13] {Threei} .45 stop
[15:15] {dino} cya nemo
[15:15] {Threei} lol dino
[15:15] {dino} darn dial up
[15:15] {Threei} no kidding
[15:16] {dino} have to quit early today, thanks all, good day, good time
[15:16] {Threei} no following the market ZION
[15:17] {larisa} bye dino
[15:17] {Threei} hmmm
[15:17] {Les} ciao man
[15:18] {Threei} take care dino
[15:18] {dino} will do, thx
[15:23] {magoo} me too, c u tomorrow
[15:23] {Les} bye
[15:25] {Threei} see you mags
[15:31] {RonS} ...sheesh...we should have stayed on UPS
[15:38] {Threei} what do you know, market managed to squeze another green day
[15:40] {Threei} I am flat for the day though
[15:41] {Threei} two bigger IMAX trades vs many papercut stops
[15:41] {Threei} YUII Hearing defended at Roth Capital (timing uncertain) (9.75, -2.25, -18.75%)
[15:47] {Threei} STLD S&P revises outlook to Stable from Negative; affirms BB+ ratings (17.82, -0.06, -0.34%)
[15:47] {Les} thanks vad. c u's tomorrow
[15:48] {Threei} ok, if everyone is off, I will too
[15:48] {Threei} thank you all, have a good evening
[15:48] {Threei} see you tomorrow
[15:48] {jfjf64} good night vad
[15:50] {larisa} bye :)