Monday, March 15, 2010

Mar 15 2010

Strong profitable day, with just one stop, a few easy scalps and two bigger plays, short WFC in the morning for 1:5 risk/reward and long CAT later in the day for 1:4. And of course, AIG for momo traders, as always. Today starts 6th week with no single losing day.

Session Time: Mon Mar 15 00:00:00 2010

[08:15] {nemo} good morning (that hurt)
[08:32] {Threei} *(US) MAR EMPIRE MANUFACTURING: 22.9 V 22.00E
[08:35] {Threei} good morning
[08:36] {Threei} what happened on MRNA a few min ago?
[08:36] {Threei} ahha
[08:36] {Threei} MRNA Demonstrates the Potential for Greater Efficacy in Cancer With an UsiRNA Combination Approach (1.04, 0.00, 0.00%) (related AZN )
[08:37] {Threei} Euro vs US Dollar Dealers noting that TICS data might get more attention today than usual
[08:37] {Threei} - The Dec TIC data saw China Total holdings of US Treasuries decline by over $34B m/m to $755.4B (from v $789.6B prior ) and was the lowest holding for China since Feb 2009
[08:37] {Threei} - Japan Total Holdings of US Treasuries rose to $768.8B from $757.3B prior- month
[08:37] {Threei} *** Insight: Dec data saw Japanese holdings overtake Mainland China as largest holders of UST's for first time since Sept 2008**
[08:37] {Threei} ***Reminder: Over the weekend Chinese Premier Wen: commented that US must take "concrete steps to reassure investors" about the safety of the dollar and Treasury bond holdings
[08:44] {Threei} US) Preview: Jan TIC Flow data due at 09:00ET (13:00 GMT)
[08:44] {Threei} - Dec Net Long-term TIC Flows: $47.5Be v $63.3B prior
[08:44] {Threei} - Total Net TIC flows: No est v $60.9B prior
[08:58] {Threei} *(US) JAN NET LONG TERM TIC FLOWS: $19.1B V $47.5BE; TOTAL NET TIC FLOWS: $ V $60.9B PRIOR
[08:59] {Threei} TOTAL NET TIC FLOWS: -$33.4B V $60.9B PRIOR'
[08:59] {Threei} wow
[09:00] {Threei} - Foreign net purchases of US Treasuries (notes & bonds) $82.2B v $128.9B prior
[09:07] {Threei} you'd think this data should have some significant impact of market, no?
[09:07] {dino} gm all
[09:08] {Threei} dino :)
[09:08] {nemo} dino :)
[09:08] {nemo} You swim to work?
[09:08] {Threei} (US) Preview: Feb Industrial Production and Capacity Utilization due out at 09:15ET
[09:08] {Threei} **consensus expectations:
[09:08] {Threei} - Industrial Production: 0.0%e v 0.9% prior (estimates range between -0.7% to +0.5%).
[09:08] {Threei} - Capacity Utilization: 72.5%e v 72.6% prior.
[09:08] {Threei} **note: Jan Capacity Utilization hit its highest level since Dec 2008.
[09:08] {dino} lol nemo, but raining again
[09:09] {nemo} It's been POURING since saturday morning here
[09:09] {dino} started friday night here, but a lot better than snow
[09:10] {nemo} yeah, woulda' been 3-5 feet of snow
[09:11] {dino} and since we just had 3', glad it's rain
[09:15] {Threei} *(US) FEB INDUSTRIAL PRODUCTION: 0.1% V 0.0%E, CAPACITY UTILIZATION: 72.7% V 72.5%E
[09:21] {larisa} gm all :)
[09:22] {Threei} larisa :)
[09:22] {nemo} lari :)
[09:22] {larisa} vad, nemo :)
06[09:22] * nemo slaps lasertrev around a bit with a large trout
[09:22] {lasertrev} morning
[09:23] {Threei} trev :)
[09:23] {dino} bsx, stj
[09:23] {lasertrev} nemo, vad :)
[09:24] {Threei} I think fern and les forgot about time change
[09:24] {nemo} did we tell them?
[09:24] {Threei} no
[09:24] {Threei} I forgot myself
[09:25] {Threei} noticed something wrong on Sunday
[09:25] {nemo} clock setting on computer versus home?
[09:26] {Threei} TV
[09:26] {fernp} Good morning everybody
[09:26] {Threei} fern :)
[09:26] {nemo} speak of the Diablo
[09:27] {nemo} now where's Beelzebub?
[09:27] {Threei} drinking with Azazel
[09:27] {nemo} magoo ever watch that movie?
[09:28] {Threei} no idea
[09:29] {nemo} news amln vad?
[09:30] {nemo} Happy Birthday Dino
[09:30] {Threei} Amylin Pharmaceuticals Inc Lilly, Amylin and Alkermes receive Complete Response Letter from FDA for Exenatide once weekly submission
[09:30] {Threei} - The FDA has issued a complete response letter regarding the New Drug Application (NDA) for BYDUREON(exenatide for extended-release injectable suspension).
[09:30] {Threei} - In the complete response letter there are no requests for new pre-clinical or clinical trials
[09:30] {dino} thanks, but it's wednesday
[09:30] {nemo} I might not remember then :)
[09:30] {dino} good point
[09:30] {Threei} lol
[09:31] {Threei} Short Setup: WFC .50 break if stays under .55
[09:31] {Threei} .54 if stays under .60
[09:33] {jfjf64} mornin
[09:33] {Threei} jf :)
[09:34] {Threei} 1:1, half out
[09:35] {Threei} stop to .58
[09:35] {Threei} 1:2, 1/4 more
[09:37] {dino} cov wfc .35, +.14 ty vad
[09:37] {Threei} stop to b/e
[09:37] {Threei} yw
[09:37] {Threei} cover as you see fit
[09:37] {Threei} 1:4
[09:38] {Threei} 1:5, out
[09:39] {jfjf64} ty
[09:39] {Threei} :)
[09:39] {Threei} wow, just in time
[09:39] {Threei} look aat this spike
[09:39] {Threei} 06:42 OCLR Auriga Initiates OCLR with Buy, price target: $3
[09:40] {dino} rino 25 strike, thougt so last week
[09:40] {Threei} watching EBAY for long
[09:40] {jfjf64} mdt
[09:41] {jfjf64} .56
[09:41] {dino} darn bsx wanted retest
[09:42] {Threei} SVNT Resubmits Biologics License Application For KRYSTEXXA(TM) (Pegloticase) For The Treatment Of Chronic Gout In Patients Refractory To Conventional Therapy (15.00, +0.10, 0.67%)
[09:43] {Threei} Boston Scientific Corp Reportedly weakness being attributed to coverage of longer term data regarding stents/Bernstein note on suspension of ICD sales (timing uncertain)
[09:43] {Threei} *note: ICD is a - implantable cardioverter defibrillators
[09:43] {Threei} - We have called the company for comment. Stock -20% in the premarket on light volume
[09:43] {Threei} - suspension reportedly due to error in FDA filing
[09:43] {Threei} *note: Firm reported 15% of sales rev in 2009 from ICDs (approx $8.2B)
[09:45] {dino} fsys 35 strike
[09:46] {Threei} Long Setup: VXX .90 break
[09:46] {Threei} if stays above .85
[09:47] {dino} nav sm l .52
[09:49] {dino} tm mid 77s
[09:54] {dino} nav stopped -.26
[09:58] {Threei} EBAY salmon
[10:03] {fernp} VRSN, Vad? valid breakout?
[10:03] {Threei} I believe so
[10:03] {Threei} salmonish look
[10:03] {fernp} ok
[10:03] {Threei} .95 long
[10:03] {Threei} EBAY climb with no pullbacks now
[10:04] {fernp} took .40 break on ebay ty Vad +.10
[10:04] {Threei} :)
[10:05] {dino} gj fern
[10:07] {fernp} ty
[10:11] {Threei} YONG...
[10:11] {Threei} thin one
[10:12] {Threei} 9 break looks like potential momo launch
[10:12] {Threei} Yongye International, Inc Reports Q4 adj -$0.03 v -$0.06 y/y, R$10.1M v $9.2M y/y
[10:12] {Threei} - From 2010 to 2012, Yongye expects to achieve at least a 50% annual growth rate in revenue through geographic expansion into new markets, increased penetration in existing markets, additional marketing and brand-building efforts, and expanded production capacity.
[10:12] {Threei} - By the end of 2010, the Company plans to expand its total number of branded stores to more than 20,000.
[10:12] {Threei} - During 2010, the Company also expects to build a new manufacturing facility nearby, which is expected to be capable of extracting humic acid from coal and producing 20,000 tons per year of the Company's liquid plant product and 10,000 tons per year of its powder animal product
[10:14] {Threei} look at daily
[10:16] {Threei} who went for it, half out into spike after .10 break
[10:19] {dino} yuii gap fill
[10:20] {dino} jcg sm l .70
[10:21] {nemo} rim
[10:22] {Threei} CECO Update: Price Target raised to $48 from $30 at UBS, maintains Buy rating (30.98, +0.29, 0.94%)
[10:23] {Threei} here comes YONG
[10:24] {Threei} half out .13
[10:24] {dino} gj
[10:24] {Les} yikes, we already trading?
[10:24] {Threei} offer 1/4 .23 and last piece .36
[10:24] {Les} morning :)
[10:24] {nemo} you're an hour late Les
[10:24] {Threei} lol... told ya, Les has no idea bout time change
[10:25] {Les} ya gotta be shi&&in me
06[10:25] * nemo slaps Les around a bit with a large daylight savings time alarm clock
[10:25] {dino} roflol
[10:25] {nemo} hit the deck soldier
[10:25] {Les} ok. that means we're changing next sunday
[10:25] {Threei} second target hit YONG
[10:26] {magoo} hi folks (thats a new one)
[10:26] {Threei} hey mags
[10:26] {Threei} missed momo play
[10:26] {magoo} drat
[10:26] {magoo} yong?
[10:26] {Threei} (US) 130 members of the US House of Reps have reportedly requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April
[10:26] {Threei} - claim the currency intervention
[10:26] {Threei} yes
[10:27] {Threei} and nice and easy WFC short in the morning for 1:5
[10:27] {Threei} and one 6 cents stop
[10:28] {Threei} (US) 130 members of the US House of Reps have reportedly requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April
[10:28] {Threei} - claim the currency intervention is a subsidy
[10:28] {Threei} - Note: on 2/25 15 US Senators requested the Commerce Dept investigate whether the China currency pratices should be considered an 'illegal subsidy' ; and suggested the Commerce dept implement duties
[10:28] {Threei} - Note: The last report in Oct stated that China's currency wass undervalued, and had serious concerns on CNY rate
[10:28] {Threei} while all they say is right, did they stop and think through the implications?
[10:29] {nemo} morons...they better be careful what they wish for...or they're just looking for a reason to slap tariffs on things
[10:30] {Les} c'mon, we knew this was coming
[10:32] {Les} UPS looking for a b/d
[10:32] {Threei} jf, you were interested in MDT
[10:32] {Threei} Medtronic Inc Study shows JNJ's cypher stent shows fewer adverse events than Endeavor
[10:32] {Threei} - BSX"s stent appears to be as effective as its prior model
[10:32] {Threei} - MDT has disputed the findings of the "Sort Out 3" study
[10:33] {jfjf64} ty
[10:34] {Threei} frikin VXX rinsed us
[10:35] {Threei} worked like charm after shaking us out
[10:35] {nemo} how does a charm work?
[10:35] {strider} magic
[10:35] {Les} that's the big spike down before 10 am is it?
[10:36] {Threei} no
[10:36] {Threei} our entry was .90 break, 9:48
[10:36] {Les} ah ok, pullback
[10:37] {dino} sm l cnx .75
[10:37] {Les} there you go. benefits of being late
[10:37] {Les} what's the score?
[10:37] {Threei} not in your favor
[10:37] {Les} hehe. vxx riding 50ma nicely as support
[10:37] {dino} strl blood
[10:38] {Threei} [10:26] {Threei} missed momo play
[10:38] {Threei} [10:27] {Threei} and nice and easy WFC short in the morning for 1:5
[10:38] {Threei} [10:27] {Threei} and one 6 cents stop
[10:38] {Les} cool
[10:40] {magoo} 1:5 ??? u never get that lol...what u call a .02 cent stop he he
[10:41] {Threei} 5 :)
[10:41] {magoo} as i run for slapfest cover
[10:41] {Threei} advantage of aggressive entry
[10:41] {Threei} no slap for you
[10:41] {Threei} {--- slap nazi
[10:42] {Threei} on discretionary front, EBAY was a win, VRSN was a dun
[10:42] {Threei} AONE Hearing Wedbush making cautious comments (timing uncertain) (15.56, -0.62, -3.83%)
[10:42] {Threei} ok YONG, last spike p[lease
[10:43] {gen} gm all
[10:43] {Threei} gen :)
[10:43] {Les} hi gen
[10:44] {gen} :)
[10:44] {Threei} hearing Wedbush comments that AONE may lose a large contract from Chrysler
[10:44] {Threei} could they tell us in the morning?
[10:47] {nemo} big volume spike aig
[10:48] {larisa} i wish i knew RIMM will go to 75 in the morning :)
[10:48] {Threei} ugh... was contemplating CAT short for a while
[10:48] {Threei} larisa, you didn't??
[10:49] {larisa} no and nobody told me
[10:49] {Threei} sorry... I thought you knew...
[10:49] {larisa} so my 76.70 short is wasted :)
[10:49] {Les} wasn't on the memo
[10:51] {Threei} nemo, this is for you:
[10:51] {Threei} (CZ) Poland Central Bank's Zielinska-Glebocka: No need to tighten Poland interest rates at this time (related USD/PLN EUR/PLN CE4FX )
[10:51] {Threei} for some reason anything having to do with Poland makes him laugh... not judging his sense of himor, just pandering to it
[10:53] {Threei} CAT, bounce into 59 should be shortable
[10:53] {Threei} watching for something structured
[11:03] {fernp} RGC 17 break, Vad? valid?
[11:05] {Threei} most likely
[11:05] {fernp} .95 stop?
[11:05] {Threei} yes
[11:05] {fernp} ty
[11:05] {Threei} this market drop is a good test
[11:08] {Threei} frikin CAT
[11:08] {Threei} right idea, can't find entry
[11:08] {nemo} x sgirt breaj if ,60?
[11:08] {Threei} wow
[11:08] {Threei} I see keyboard I sent you is in good hands
[11:09] {nemo} ty
[11:09] {Threei} and yes
[11:09] {nemo} sorry, frickin' bunny on the desk
[11:09] {larisa} life bunny or it is your cat name? :)
[11:10] {Threei} MNKD Hearing Hapoalim Securities reiterates Sell rating and $1 price target (timing uncertain) (9.40, -1.08, -10.31%)
[11:10] {Threei} wow
[11:10] {Threei} 1?
[11:10] {dino} ouch
[11:11] {Les} that sounds like a scalp
[11:11] {dino} $1 dollar target
[11:11] {dino} sure it's not $10
[11:12] {nemo} 1/2 out x
[11:12] {Threei} good one
[11:13] {Les} is the market selling with volume?
[11:14] {Threei} not really
[11:14] {Threei} Market Internals update at 10:30amET
[11:14] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; decliners lead advancers by 2.1:1.
[11:14] {Threei} - NASDAQ volume 425M shares, about 15% below its three-month average; decliners lead advancers by 1.6:1.
[11:14] {Threei} - VIX index +5.5% to just over 18.50
[11:14] {Les} out +.24 CAT ty
[11:14] {nemo} 1/4 more
[11:15] {nemo} stop to .55
[11:15] {Les} but got greedy and stupid on YONG, so got a hole to fill now
[11:16] {Les} YONG's fall from grace is impressive
[11:17] {Threei} gosh... why would you even touch it when were were 3/4 out and looked for exit on the last part
[11:17] {Les} see above adjectives
[11:17] {nemo} you forget to whom you are speaking
[11:17] {Threei} X 1:3
[11:17] {Threei} nice
[11:17] {nemo} still holding
[11:18] {nemo} stop to .40
[11:18] {nemo} I pulling a Les here
[11:18] {Threei} CAT 50 cednts down from missed entry
[11:18] {Threei} not nice
[11:18] {nemo} out X
[11:18] {dino} bsx interesting
[11:19] {Threei} BSX fresh news
[11:19] {Threei} Boston Scientific Corp PERSEUS Trial Results Demonstrate Positive Safety and Efficacy Outcomes for Platinum Chromium TAXUS(R) Element(TM) Stent System
[11:19] {Threei} - 12-month results from its PERSEUS clinical program that demonstrated positive safety and efficacy outcomes in workhorse lesions for the platinum chromium TAXUSElementPaclitaxel-Eluting Stent System compared to the TAXUSExpress2Paclitaxel-Eluting Stent System. The results also reported a similar safety profile and statistically superior efficacy outcomes in small vessels for the TAXUS Element Stent compared to a historical control group of patients receiving the Expressbare-metal stent.
[11:19] {Threei} VISN Susquehanna Raised VISN to Net Neutral from Net Negative (timing uncertain)
[11:20] {jfjf64} vad you hear anythin about new trader tax
[11:20] {Threei} not in the last 6 months or so
[11:20] {dino} cnbc on it today earlier
[11:21] {Threei} what did they say?
[11:22] {jfjf64} not worth my worry till happens
[11:22] {Threei} no
[11:22] {dino} bsx l .44
[11:22] {jfjf64} tenth of percent on all transctions
[11:23] {jfjf64} 100000 trade 100
[11:23] {magoo} on both in and out?
[11:23] {jfjf64} all in and out
[11:24] {nemo} both sides
[11:24] {jfjf64} tryin to put us on wellfare line
[11:24] {jfjf64} yes both sides
[11:24] {magoo} so if u took 1k rimm @ 75=75, 150,000 = 150 bux tax?
[11:24] {nemo} yep
[11:24] {dino} yes
[11:25] {Threei} I don't believe it will happen, and it it will - not in Canada
[11:25] {jfjf64} yup
[11:25] {Threei} so Toronto will become new financial hub
[11:25] {Threei} and Laser already has TSX capability
[11:25] {magoo} would we / US guys be able to trade toronto?
[11:25] {Threei} why not
[11:25] {Threei} you can even now
[11:25] {dino} i don't think theywill pass it, but these guys are nuts
[11:26] {Threei} you just don't want to
[11:26] {Threei} but if all the volume moves over, it will be very different story
[11:27] {nemo} it'll crush HFT, and if that's as big a portion of trading as they say, their revenue estimates go poof!!!
[11:28] {Threei} I can hear this backroom discussion of the biggest HFT players and major US brokerages with canadian ministry of finance
[11:28] {nemo} tell Trev to make sure we're ready to trade Toronto
[11:29] {Threei} "so, we will need 100,000sq ft of climate-controlled premises to place or server farm"...
[11:29] {Threei} or = our
[11:33] {magoo} as a tax, would it be taken immediately like ecn fees OR we owe it at tax time?
[11:33] {nemo} immediately...that's one of the nice attributes from the feds point of view
[11:34] {jfjf64} trade option market
[11:34] {nemo} they'll be taxed also
[11:34] {Threei} CAT
[11:34] {Threei} watching for reversal
[11:34] {Threei} pullback closer to .50
[11:35] {nemo} inverted H&S
[11:35] {Threei} yes
[11:35] {dino} not sure on options, think its just stock
[11:35] {nemo} no...all transactions including futures
[11:35] {Threei} artbitrary entry guy
[11:35] {Threei} no exact signal
[11:36] {Threei} watch SPY
[11:36] {dino} won't pass, they will destroy america's leadership
[11:36] {Threei} try to synchronize with it
[11:36] {magoo} futes falling here a lil'
[11:36] {magoo} in .53'
[11:36] {magoo} hl and may add
[11:37] {Threei} closest support .45
[11:38] {Threei} will prettty much depend on the market behavor of course, but with slightest help can do about 30-40 cents from here
[11:38] {magoo} anyone with me?
[11:38] {fernp} .60 break is valid, Vad?
[11:39] {Threei} yes... I like aggressive entry better though
[11:40] {Les} ok. in .61
[11:40] {Threei} exit half into .70
[11:40] {Threei} I am mags
[11:40] {Threei} .54, you beat me by 1 cent
[11:40] {larisa} has to break .70 to break downtrend
[11:41] {Les} you had a good read. I saw SPY threatening b/d
[11:41] {Threei} yes... that's why I want to dump half near that resistance, likely to hesitate there
[11:41] {larisa} next time you tell me you are trend traders I will respectfully disagree :)
[11:41] {Threei} why, we do take reversals if we get readable setup
[11:41] {Threei} double whatever, H&S
[11:42] {larisa} 58.40 bottom I liked
[11:42] {magoo} added @ .58
[11:42] {Threei} I didn't have any setup there
[11:43] {larisa} it was not your setup, nice divergence though
[11:43] {Threei} half out .67 for me
[11:44] {magoo} im ltting it ride
[11:45] {Threei} stop to .49 for the balance
[11:45] {magoo} u have 1k?
[11:49] {Threei} ugh... ignored VISN .90 break, didn't believe in it
[11:50] {Threei} offering 1/4 CAT .78 and 1/4 .85
[11:50] {Les} MNKD
[11:51] {magoo} is it avail short les?
[11:52] {Les} y
[11:52] {magoo} sh .98
[11:53] {magoo} thinking .67
[11:53] {magoo} could rot
[11:54] {Les} wow
[11:54] {magoo} yea
[11:54] {magoo} looked great..then green bar
[11:55] {magoo} out .85
[11:55] {magoo} want my dough
[11:55] {Les} you're a savvier trader than me
[11:55] {nemo} lunchtime
[11:57] {Threei} here kitty kitty kitty
[11:57] {jfjf64} nice
[11:57] {jfjf64} tk it easy vad
[11:58] {Threei} I always do
[11:58] {Les} BSX
[11:58] {Threei} 1/4 more out .78
[11:58] {Threei} +.24
[12:01] {Threei} market loses ground
[12:01] {magoo} i wish i knew your size? was it 1k?
[12:01] {Threei} let's get stingy and trail CAT to under .70
[12:02] {Threei} why does it matter mags???
[12:02] {RonS} dino, check out RL
[12:02] {Threei} we have different accounts, objectives and risk tolerance, how does mine help you?
[12:02] {magoo} because half out of 500 shares is only 25 bux
[12:02] {Les} half out bsx +.05. ese would like this stock
[12:03] {magoo} because im trying to become u
[12:03] {Threei} sorry mags, there is a limit to what I am comfortable placing up for all the world to see
[12:04] {nemo} send him a DNA sample and Jeff Goldblum's address
[12:04] {larisa} vad thinks all World watching him.. modest :)
[12:04] {dino} hmm rl
[12:04] {Threei} this is frikin internet
[12:04] {nemo} yeah, and Big Brother is always watching
[12:05] {Raven} right
[12:05] {Threei} anyone who is comfortable to anounce on Internet how much they make - be my guest
[12:05] {RonS} say what you wish Vad, no more...
[12:05] {nemo} no Les
[12:05] {Les}
[12:06] {Threei} I believe putting this log out for years with all my trades to see, I far exceed what majority of traders would do
[12:06] {magoo} well, heres the problem..if it a half and thats it, not reaklly do that well when subtract commission...BUT, if hes doing 2k 5k doing GREAT
[12:06] {RonS} agree...
[12:06] {magoo} and we are trading with him, so..need to knopw
[12:06] {Threei} so pick the size according to your circumstances mags
[12:06] {RonS} no need. do your own math.
[12:07] {Threei} exactly
[12:07] {nemo} spelling?
[12:07] {Threei} sorry
[12:07] {Threei} eqzaktly
[12:07] {magoo} again, for risk control, if i want to have a similar day as u, when are u big and when are u small
[12:07] {Threei} I alert when it's a half lot play
[12:08] {magoo} makes sense if im trying to control risk and let u guide me to profits
[12:08] {magoo} humbly submitted
[12:09] {Threei} that was 8 cents risk play with your entry
[12:09] {Threei} just calculate how much you are willing to lose
[12:09] {Threei} and get your position sizing from that
[12:09] {magoo} ok, ill drop it :)
[12:09] {Threei} last portion .85 is about to get hit
[12:10] {Threei} stop to under .80
[12:10] {Threei} out
[12:10] {Threei} +.31
[12:10] {Les} nice
[12:11] {Threei} [11:38] {Threei} will prettty much depend on the market behavor of course, but with slightest help can do about 30-40 cents from here
[12:11] {Threei} all help it needed was not to make new lows as it turns out
[12:12] {dino} gj
[12:12] {Threei} ty
[12:13] {jfjf64} weeks done see ya next monday ty
[12:13] {Threei} say what?
[12:13] {Les} ah bon?
[12:13] {magoo} HUH?
[12:13] {Threei} just how much of CAT did YOU buy, lol
[12:13] {magoo} DONT TELL HIMMMMMM
[12:13] {magoo} he he
[12:14] {Threei} rofl
[12:14] {jfjf64} wfc cat x
[12:14] {Threei} 40 cents btw
[12:14] {magoo} still in cat
[12:14] {jfjf64} lol
[12:14] {magoo} ave .55
[12:14] {Threei} late arrivals who biught .60, get out
[12:15] {Les} sigh. had no faith. sold for a scalp. :s
[12:15] {magoo} [11:44] {magoo} im ltting it ride
[12:15] {Les} MNKD
[12:15] {Threei} there is a russian parabale called Foma the non-believer
[12:15] {magoo} waiting .04
[12:15] {Threei} from now on it's my name for Les
[12:16] {nemo} lumpen woul work too
[12:16] {jfjf64} FTN-B
[12:16] {Threei} lol
06[12:16] * Threei slaps jfjf64 around a bit with a large book The Fine Art of Abbreviation
[12:17] {magoo} out 59
[12:17] {magoo} + .45
[12:17] {magoo} ty vad
[12:17] {Threei} welcome
[12:17] {Threei} happy now?
[12:17] {jfjf64} 3ITY
[12:18] {Threei} JFYW
[12:18] {jfjf64} ???
[12:18] {RonS} 3IJF,JC
[12:18] {Threei} lol
[12:19] {Threei} I give up... jc?
[12:19] {RonS} jesus christ!
[12:19] {Threei} lol
[12:19] {jfjf64} lol
[12:19] {Threei} that was "jf, you welcome", jf
[12:20] {dino} what is going on?
[12:20] {RonS} get it, trying to end it...:)
[12:20] {Threei} it's all jf's fault dino
[12:21] {Threei} his passion to abbreviate things is unbridled and contagious
[12:21] {magoo} SIGH..noone ever hands out the fish anymore
[12:21] {dino} figures, he's been rtouble for years
[12:21] {Threei} rtouble - RT trouble?
[12:22] {dino} lol typo
[12:22] {Threei} see, you got it too now
[12:23] {Threei} guys, I don't have clean structure fior VISN,
[12:23] {Threei} but it's acandidate for swing trade
[12:23] {Les} you wanna short it?
[12:23] {Threei} no
[12:23] {Les} ok. it's at the bottom
[12:24] {Les} sorry, pulled out the time frame
[12:30] {dino} jst
[12:30] {RonS} opinons, RINO?
[12:32] {dino} i like it on pullback, .75ish
[12:32] {dino} trades in clunks
[12:33] {magoo} l small GS .20
[12:34] {dino} jst odd, big beat
[12:36] {dino} sm l .30
[12:41] {magoo} gonna try and leGS run
[12:41] {magoo} not telling u how many shares
[12:41] {Threei} we know, 15K
[12:42] {Threei} you wouldn't play it with more than half lot
[12:42] {magoo} then i would be partying rest of week with jf lol
[12:42] {dino} lol
[12:42] {RonS} oxymoron = WMT is momo
[12:43] {magoo} my gs stop is .96
[12:44] {magoo} needs to hold 171
[12:44] {dino} jst stop is .99 fwiw
[12:46] {magoo} in it .29 w/u dino
[12:46] {magoo} thats why it fell
[12:46] {dino} thx
[12:49] {dino} bsx to ,55 mkt dropping
[12:50] {dino} jcg to b/e
[12:51] {dino} out bsx +.11
[12:52] {dino} outb jcg +.02
[12:52] {magoo} l amln .76 just now
[12:56] {magoo} thinking 23.11 area
[12:57] {magoo} stop under fitty
[12:57] {magoo} could easily go .29 area
[12:58] {magoo} hey vad u here?
[12:59] {magoo} allz right with the world...hes now ignoring me
[13:00] {Threei} thought you'd enjoy that :)
[13:00] {magoo} prefer a fish
[13:00] {Threei} US) MAR NAHB HOUSING MARKET INDEX: 15 V 17E
[13:00] {magoo} u stingy with those
[13:00] {Threei} yes
[13:00] {Threei} fish nazi
[13:00] {dino} rl re-test
[13:01] {Threei} - NAHB Economist:"The inventory of new homes on the market is at an extremely low level, and
[13:01] {Threei} we do expect a 25% improvement in new-home construction in 2010 over 2009 to
[13:01] {Threei} rebuild inventory and meet expected pent-up demand,"
[13:01] {Threei} hmmm
[13:01] {Threei} that's bold forecast
[13:02] {magoo} AMLN
[13:02] {magoo} gonna go
[13:02] {Threei} hey, guess who is on TV, explaining you how you need new health care bill
[13:02] {magoo} BAM
[13:02] {Threei} you wat 23 break mags?
[13:03] {magoo} [12:52] {magoo} l amln .76 just now
[13:03] {Threei} oh
[13:03] {Threei} sorry
[13:03] {magoo} [12:57] {magoo} could easily go .29 area
[13:03] {Threei} I was too busy ignoring you
[13:03] {magoo} i know
[13:04] {magoo} and what hurts is u told room to ignore me too
[13:04] {Threei} nope
[13:04] {Threei} if they do, they came to this decision on their own {G}
[13:05] {Threei} lol, this exchange reminded me how much I missed you while you were on sabbatical
[13:06] {magoo} well...i'm BACK BABY
[13:06] {Threei} good... it was very hard to ignore you while you were not here
[13:06] {Threei} and I don't like this unneeded hardship
[13:09] {magoo} getting RICH AMLN
[13:12] {magoo} [13:03] {magoo} [12:57] {magoo} could easily go .29 area
[13:13] {jfjf64} magoo ya gettin better then 3i with calls
[13:14] {magoo} always was HE HE
[13:14] {magoo} running for cover
[13:15] {Threei} oh good
[13:15] {Threei} my retirement time came
[13:15] {fernp} .90 break JPM, Vad?
[13:15] {Threei} I'll drop by in 8 years to see how you guys are doing
[13:16] {Threei} watch GS fern
[13:16] {magoo} should print .40 area
[13:16] {Threei} if it move up and slices through .50, JPM has a good chance
[13:16] {fernp} ok. ty
[13:16] {magoo} amln i mean
[13:17] {KSystems} hey
[13:17] {Threei} ks :)
[13:18] {magoo} out .46 here
[13:19] {magoo} + .70
[13:19] {Threei} wtg
[13:19] {RonS} gila monster move. gj
[13:21] {magoo} amln vad is picking pace up
[13:25] {Threei} too far for a play now
[13:25] {Threei} I have to say, I like market today much beter than what we had last week
[13:25] {Threei} drop, then slow recovery - much more room for plays than that gap, quick upward move and stall
[13:27] {jfjf64} you keep liking it 3ity
[13:31] {dino} bsx l .65
[13:34] {Threei} listening to politicians speeches, I think I have a phrase I hate the most:
[13:34] {magoo} be back in a few
[13:34] {Threei} "right thing to do"
[13:37] {fernp} 1:1 JPM ty Vad
[13:37] {Threei} :)
[13:38] {Threei} XNPT Hearing Wedbush making positive comments on prospects for FDA meeting (8.78, +0.30, 3.54%)
[13:39] {Threei} how does Wedbush know?
[13:40] {larisa} WEDBUSH is a private equity and investment firm that provides capital and management assistance to talented entrepreneurs and executives
[13:40] {larisa} you are not talented enough :)
[13:40] {Threei} certainly
[13:41] {Threei} - Hearing Wedbush believes XNPT could get a panel date 'sooner rather than later'
[13:41] {Threei} - reminder: on 3/2, a boutique firm made similar comments, stating that Xenoport is 'very close' to being granted an FDA Advisory panel to review the benefit/risk ratio of XP-512 in the RLS setting and could get final confirmation any day.
[13:43] {Threei} my non-talented guess would be, Wedbush stuck with XNPT at much higher prices, got caught in that gap and tries desperately tp move it, to unload into spikes
[13:43] {Threei} but that's from a non-talented, so...
[13:44] {dino} out bsx .75, +.10
[13:45] {larisa} they help Cramer i bet. Cramer said AMLN is short last week at 19.
[13:45] {Threei} lol
[13:45] {Threei} that's talented
[13:49] {larisa} I like how trendlines work, AMLN broke uptrend at .80 then touched it from downside at .90, then tanked.
[13:49] {Threei} very visual
[13:50] {larisa} and indicators divirged starting at 13:25, agressive warning top is near
[13:51] {Threei} which ones?
[13:51] {larisa} they are secret ones :) not telling all world
[13:52] {larisa} just a joke. I use SMIs, slow and fast
[13:55] {Threei} SMI?
[13:55] {fernp} SMI?
[13:55] {larisa} but most oscillator type indicators will show divergence
[13:56] {larisa} Stochastic Momentum index
[13:56] {Threei} is it different from stochastic?
[13:56] {RonS} larisa slaps a big jf trout...
[13:58] {nemo} mmmhhh, we might end positive today, this is a very low volume pullback
[13:58] {larisa} interpretation is the same vad, formula is different
[13:58] {Threei} got it
[13:59] {Threei} it's a nice one for a reversal
[13:59] {Threei} in trend it tends to fail
[14:00] {larisa} like any oscillator. But I do not use it as overbought/oversold. I like to watch divergence
[14:01] {Les} MNKD
[14:01] {RonS} ...saw somewhere that China has a 10.8% increase in electricity useage last month. With there inflation they will need to raise rates. This should pressure stocks...
[14:01] {RonS} has= has...there= their. sorry
[14:02] {Les} ENL 101 is down the hall to the right Ron
[14:02] {RonS} has=had...just call me Vad
[14:04] {jfjf64} thought there was no drinking in room vad
[14:04] {Threei} not officially
[14:04] {nemo} at your desk jf
[14:05] {Les} lol really jf?
[14:05] {Les} I better quit now
[14:05] {jfjf64} make money hv fun gotta luv it
[14:06] {Threei} US Senator Dodd formally releases proposal for financial reform bill
[14:06] {Threei} - creates an independent consumer agency within the Federal Reserve; restrains Fed from ability to bail out companies
[14:06] {Threei} - requires hedge funds registration for funds with over $100M in assets
[14:06] {Threei} - bill sees clearing house for swaps to be traded on exchange
[14:06] {Threei} - includes regulation for credit agencies
[14:06] {Threei} - contains limits on proprietary trading and provisions on 'too big to fail' as suggested by the Volcker rule (liquidation of firms would require approval of 3 bankruptcy judges within 24 hours)
[14:07] {Threei} Market Internals update at 2:00pmET
[14:07] {Threei} - NYSE volume 495M shares, about 20% below its three-month average; decliners lead advancers by 2.8:1.
[14:07] {Threei} - NASDAQ volume 1.26B shares, about 7% below its three-month average; decliners lead advancers by 1.8:1.
[14:07] {Threei} - VIX index +4.5% to just below 18.50
[14:17] {nemo} AWIAV?
[14:17] {Threei} NWANIA
[14:18] {nemo} WAWIA?
[14:19] {nemo} clf break of .65 toolate
[14:21] {larisa} whats with AIG
[14:22] {Threei} no news yet
[14:22] {nemo} and mags isn't here
[14:23] {nemo} you take 34.90 vad?
[14:23] {Threei} no, blinked
[14:23] {Threei} AIG Holder Bruce Berkowitz (13M shares) affirms faith in the company (35.65, +1.42, 4.15%)
[14:23] {Les} unbelievable. missed a .01 break
[14:23] {Threei} huh?
[14:23] {nemo} of course he does, he has to unload those
[14:24] {nemo} clf DB here?
[14:24] {Threei} no seriously.. that's all?
[14:24] {Les} haha that's not the news is it?
[14:24] {dino} yuii partial at .81 l
[14:24] {Threei} .60 break makes sense, nemo
[14:25] {Threei} 'still a good company'
[14:25] {Threei} - Note: Berkowitz had highlighted support for Citigroup last week in an interview with Fortune
[14:25] {nemo} invalimudated
[14:26] {nemo} that's Cramer's former partner I think
[14:30] {nemo} dino, shorting aig here?
[14:31] {nemo} answers that
[14:31] {larisa} lol
[14:31] {larisa} too jumpy now
[14:32] {nemo}'s running into a trend and support line here I put in some time ago
[14:33] {magoo} back
[14:33] {nemo} missed aig momo
[14:33] {Threei} mised all the fun
[14:34] {Les} MNKD respecting the 50 ma nicely. waiting for a reversal
[14:34] {magoo} do u have that statement auto programmed to a keystroke :)
[14:34] {Threei} lol
[14:34] {Les} no just type faswt
[14:34] {Threei} BSX Disloseshave no indication that the manufacturing process changes pose any risk to patient safety, and we are not recommending explantation of the devices - filing (6.76, -1.02, -13.11%)
[14:35] {Les} oh, vad's statement
[14:35] {magoo} out Gs btw @ 171.96...was out there waiting earlier
[14:35] {magoo} +.76
[14:35] {Les} sweet
[14:36] {nemo} like aig short here?
[14:36] {Threei} no
[14:37] {nemo} here?
[14:38] {Les} gotcha. AIG +.14
[14:39] {Threei} non-shiortable here
[14:39] {nemo} NM
[14:41] {RonS} dino/others...for the a.m., DSW reports bmo. hit 52 week high today. has 25% of float short, 4 mil shares as of last report...
[14:45] {magoo} GS launching
[14:46] {dino} thx ron
[14:47] {magoo} so is futes
[14:51] {magoo} sheessh AIG rammed 3 points
[14:59] {Threei} jf, look dcc
[15:01] {dino} back in 10
[15:02] {Les} nemo dcc
[15:03] {Les} MKND might be read for reversal
[15:03] {Les} MNKD
[15:06] {Threei} joke of the day, if not year... president saying "I don't know about p;olitics"
[15:06] {Les} who? Jimmy Carter?
[15:06] {Threei} no
[15:06] {Threei} today's one
[15:07] {magoo} wanna laugh? i forgot to change office wall clock...just realized its 3 pm not 2 pm
[15:07] {Threei} lol
[15:07] {magoo} no kidding
[15:08] {fernp} lol
[15:09] {Threei} EU) ECB's Trichet: Euro is not in danger, ECB should not be complacent and has no official position on the idea for a European style IMF
[15:09] {Threei} - it is wrong to adjust the definition of price stability
[15:15] {Threei} Boston Scientific Corp BoA/Merrill Lynch analysts discuss ICD developments
[15:15] {Threei} - Issue does not appear to involve patient safety issues.
[15:15] {Threei} - BSX has not yet determined financial impact of the ICD hold.
[15:15] {Threei} - BoA/Merrill does not yet know what the manufacturing change was.
[15:15] {Threei} - BSX reiterates they brought the change to the attention of the FDA, not vice versa.
[15:15] {Threei} - BSX does not know when hold will be lifted.
[15:15] {Threei} - Would be six to eight months before BSX incurred any trouble with debt covenants with all ICD sales halted.
[15:16] {Threei} C Reports Feb Master Trust: Net Charge offs 11.29% v 9.8% m/m
[15:17] {nemo} wow, spy looks like it wants to close the gap
[15:18] {dino} and along came a spider
[15:20] {Les} mnkd at 8
[15:21] {magoo} im tired, Les or Nemo, u wanna ask vad my traditional 3 pm ?
[15:21] {Threei} no they don't
[15:22] {nemo} he's been on sabbatical and he's tired?
[15:22] {dino} poor guy
[15:22] {magoo} yea..its like exercise..i stopped and now i get tired faster
[15:23] {Threei} jf, you here?
[15:23] {nemo} I guess pullbacks are now where we basically trade flat for the day
[15:24] {Les} traditional 3pm?
[15:25] {magoo} yea..u know..."vad, atre we in anything?"
[15:25] {Threei} well, 35 break AIG, half lot
[15:25] {Threei} stop about .85
[15:26] {Threei} for gamblers mostly
[15:26] {Les} don't like it. I'm have fun gambling with MNKD.
[15:27] {Threei} 1:1
[15:27] {Les} having said that, yours is doing nicely and I'm in perdition
[15:30] {Les} oh look at that. SPY doing its thing again
[15:31] {nemo} DOW positive
[15:32] {Threei} press conference on runaway Prius
[15:33] {Les} driver is going to be a millionaire, or arrested?
[15:33] {larisa} can you make a call going 94mph on freeway among other cars? i can not :)
[15:33] {Threei} lucky if not arrested IMO
[15:33] {Threei} story stunk from the get go
[15:34] {magoo} i actually did, when wife was pregnant
[15:34] {magoo} reushing her to hospital, her mom called
06[15:34] * larisa slaps magoo around a bit with a large trout
[15:35] {magoo} YESSSSSSSS
[15:36] {Threei} (US) House budget panel takes first step in process of passing Obama Administration's healthcare overhaul package (related IYH )
[15:38] {dino} yuii stop to .91
[15:39] {nemo} going for the positive close
[15:45] {nemo} one strong market
[15:49] {Les} out flat for the day. digging out of hole focuses my trading
[15:49] {Les} no if I could only cease digging holes
[15:49] {Les} now
[15:50] {Threei} I am yet to understand why you do that
[15:50] {dino} out yuii .92, +.11
[15:50] {Threei} the very consistency with wich you do it shows the reason is easy to isolate
[15:50] {Les} yes
[15:50] {Threei} once you do, simply stop doing what causes that
[15:51] {Les} chasing the "quick buck", it's always the chasing that burns me
[15:51] {magoo} what causes it LES?
[15:51] {nemo} genetic disposition
[15:52] {Les} dunno whether to laugh or cry nemo
[15:52] {Les} :/
[15:52] {magoo} everything is so SO top secret since my sabathethical
[15:53] {Les} well I do recall Vad mentioning that no Grey Goose was delivered to his doorstep...
[15:53] {Les} in your name
[15:54] {dino} out jst ave +.12
[15:56] {Threei} VISN slow climb
[15:57] {magoo} ty all
[15:57] {Les} ciao
[15:57] {nemo} gnite
[15:58] {Les} and remember the bottle...
[15:58] {Threei} DRIV Reportedly McAfee spokesperson says it is not testing Digital River's outsourced e-commerce solution in the U.S., refuting an earlier report (update) (30.65, -0.49, -1.57%) (related MFE )
[16:00] {Threei} thank you aall
[16:00] {Threei} have a good evenng
[16:00] {Threei} see you tomorrow
[16:00] {Les} u too
[16:00] {larisa} bye all
[16:01] {fernp} good evening everybody. see u all tomorrow