Wednesday, March 17, 2010

Mar 17 2010

Interesting day, with a few stops and a lot more wins. What made it different is a big variety of plays: longs and shorts, small scalps and bigger plays, badly beaten cheapies like FUQI and expensive high-fliers like POT. All in all, fun and profit.

Session Time: Wed Mar 17 00:00:00 2010
[08:40] {Threei} US) FEB PRODUCER PRICE INDEX M/M: -0.6% V -0.2%E; PPI EX FOOD&ENERGY: 0.1% V 0.1%
[08:59] {Les} afternoon all
[08:59] {Les} I see u are making trouble again vad, handing out sensible advice
[08:59] {nemo} Good morning Les, and how are you today?
[09:00] {Les} oh you are so lucky I don't have mirc, otherwise I'd slap you one good for that Nemo
[09:00] {nemo} :)
[09:01] {nemo} Road to Hell is paved with good intentions
[09:01] {nemo} No good deed goes unpunished
[09:01] {Threei} morning
[09:01] {nemo} yes
[09:02] {Threei} LVS appears to fool us
[09:08] {Threei} UAUA
[09:08] {Threei} UAL Corp Guides Q1 ASMs -3.4% y/y, PRASM +16-17% y/y - filing
[09:14] {Threei} (GE) German Gov't: EU treaties do not allow bailouts; Sees no decision on Greece at next week EU Summit
[09:16] {Threei} FUQI, what a slam
[09:16] {Les} ooh yeh, it's in play today
[09:16] {dino} gm all
[09:17] {nemo} FCX shaping a DB with a break around .70
[09:17] {Les} dino
[09:17] {nemo} dino ;)
[09:17] {Threei} dino :)
[09:17] {dino} :)
[09:17] {Les} sorry, forgot my smiley face
[09:19] {Les} CIT pops on bad news. hmmm
[09:23] {lasertrev} morning
[09:23] {nemo} accurate
[09:23] {Threei} trev :)
[09:24] {larisa} gm :)
[09:24] {Threei} larisa :)
[09:24] {Les} hi
[09:25] {Threei} GE Sterne, Agee Raised GE to hold from sell
[09:25] {dino} hey, remember that foreclosure i bought xmas eve?
[09:26] {nemo} hi lari :)
[09:26] {Threei} sold at double?
[09:26] {dino} just sold it for 30% gain
[09:26] {Threei} wtg
[09:26] {dino} not bad for 75 days
[09:26] {Threei} bottom fishing at its best
[09:27] {dino} indeed, now to find another one
[09:27] {dino} and btw, i turn the big 4 5 today
[09:27] {Threei} happy birthday!
[09:28] {dino} ty
[09:28] {jfjf64} mornin
[09:29] {Threei} jf :)
[09:29] {larisa} happy birthday dino :)
[09:29] {Les} happy b'day man
[09:29] {Threei} look LVS bid
[09:30] {dino} ty
[09:31] {dino} cagc continues down
[09:31] {Threei} Long Setup: LVS .35 break
[09:32] {Threei} if holding above .25
[09:32] {KSystems} hi
[09:32] {Threei} 1:1
[09:32] {Threei} ks :)
[09:33] {nemo} 1:3
[09:35] {dino} cncnx sm l .50
[09:35] {Threei} nice selling
[09:35] {Threei} LVS
[09:36] {Threei} watching if forms something for another long
[09:36] {nemo} db .15?
[09:37] {Threei} not very clean one
[09:37] {nemo} .20 is 200 ma
[09:37] {Threei} .20 break was p[ossible, but kind of pure risk-based setup
[09:38] {fernp} Good morning everybody
[09:38] {nemo} hola fern
[09:38] {Threei} fern :)
[09:38] {Les} hey fern
[09:39] {Les} fuqi
[09:39] {dino} cnx stop to .85
[09:40] {dino} tighten
[09:41] {dino} out .89, +.39 cnx
[09:41] {Les} sweet
[09:42] {dino} ty
[09:42] {dino} been watching it since the big drop
[09:42] {Les} how many b'day beers can you buy in dino's sisters bar with that? :)
[09:42] {dino} cagc hmmmm
[09:42] {dino} lol, about 60
[09:42] {nemo} death
[09:44] {dino} crazy, but feels like high 20s in the works cagc
[09:44] {dino} like 20.80
[09:44] {Threei} daily sure has nothing but air under it down to 20
[09:45] {Threei} Long Setup: CAT .96 break half lot
[09:45] {Les} MNKD doing its sell routine. missed entry
[09:46] {nemo} stop .80?
[09:47] {Threei} bottom of this pullback
[09:47] {Threei} and invalidated under .80
[09:47] {nemo} fcx shaping up same way
[09:47] {nemo} should we look to fade invalidation?
[09:47] {Threei} not by me
[09:48] {Threei} rather long on .80 recross
[09:48] {Threei} if holding .75
[09:49] {Les} s CAGC .59 sm
[09:50] {dino} gutsy
[09:53] {nemo} lvs bottom vad?
[09:53] {Threei} toughie
[09:54] {nemo} nothin' easy this morning, well except first one
[09:54] {Threei} yeah, as easy as first trade has been, things are murky since then
[09:54] {nemo} clear as mud
[09:54] {nemo} your dudeness
[09:54] {nemo} Jeff Bridges flashback
[09:55] {fernp} AXP Vad, any read?
[09:56] {Threei} not really
[09:56] {fernp} ok
[09:56] {dino} rino gap 23.69ish
[09:58] {Threei} FCX
[09:58] {Threei} watching for one more leg down on pullback for long entry
[09:58] {Threei} closer to .70
[10:00] {Threei} if market spikes again, .80 break
[10:00] {Threei} stop under .70
[10:00] {nemo} gone
[10:00] {Threei} too fast?
[10:00] {jfjf64} got it
[10:00] {nemo} broke as typing came across
[10:01] {Threei} 1:1 jf, half out
[10:01] {jfjf64} ty
[10:01] {Threei} .75 was available but hard to read
[10:01] {jfjf64} .77
[10:01] {nemo} shoul probably use the trendline as a stop
[10:01] {jfjf64} agg
[10:01] {Threei} dino, look at this:
[10:01] {Threei} ECB's Trichet: No reasons to doubt solidarity of other nations due to recent Greece crisis (related EUR/GBP EUR/USD NBG )
[10:02] {nemo} ?
[10:02] {Threei} reminds you something? :)
[10:02] {Threei} "we don't need to raise any more capital"
[10:02] {nemo} just print it
[10:02] {fernp} LVS breakdown, Vad?
[10:03] {Threei} only if market drops shrply and LKVS gives a pause for entry
[10:03] {Threei} otyherwise I am not a fun of shorting for now
[10:03] {jfjf64} out
[10:05] {fernp} took it with .20 stop
[10:05] {dino} i see it 3i, agree
[10:05] {fernp} 1:1 ty
[10:05] {Threei} lol... wtg fern
[10:05] {jfjf64} dino happy b day
[10:05] {dino} gj
[10:05] {dino} ty
[10:05] {nemo} fcx holding trend line
[10:06] {jfjf64} st patty day nice bday
[10:06] {dino} :)
[10:07] {Threei} Long Setup: FCX .70 break
[10:07] {Threei} half lot
[10:08] {Threei} if holding above .60
[10:10] {Les} dsw
[10:12] {Threei} no go this time
[10:14] {dino} snda -2.60+ since yesterday
[10:14] {fernp} TEL, Vad? Valid breakout?
[10:14] {Threei} if holding .05
[10:15] {fernp} ty
[10:16] {dino} going red, gut feel
[10:16] {Threei} watching CAT for short on bounce
[10:17] {nemo} lvs
[10:17] {nemo} too late
[10:18] {Threei} IMO, LVS is .15 break long
[10:18] {Les} mnkd .25 b/d
[10:18] {Threei} EBAY PayPal and China UnionPay Open the Global Marketplace to Chinese Consumers (update) (27.09, +0.30, 1.12%)
[10:20] {Threei} PayPal and China UnionPay (a unit of Ltd), China's bankcard association, today announced that China UnionPay (CUP) card members will be able to use PayPal to shop online, representing a new opportunity for international retailers to sell to a large base of Chinese customers who, combined, hold 2.1 billion CUP cards.
[10:20] {Threei} - hinese consumers have more disposable income than ever before and are starting to look for the best products the world has to offer. CUP card members will be able to use PayPal in the third quarter of 2010. This gives merchants the opportunity to spend the coming months preparing their Web stores for Chinese consumers.
[10:21] {Threei} Short Setup: CAT .70 break if stays under .75
[10:22] {Les} mnkd stopped
[10:22] {Threei} GOOG China Executives aiming to create a new startup search engine if Google leaves - Silicon Valley insider citing rumor (566.88, +1.68, 0.30%) (related YHOO BIDU COHU SINA )
[10:23] {Threei} why do they need new one if they have BIDU?
[10:23] {Les} so they can become fabulously rich like BIDU's owners
[10:23] {Threei} CAT 1:1
[10:23] {Threei} 1:2
[10:23] {Threei} out
[10:24] {Threei} (US) Senator Corker (R-TN): Plans to offer "constructive amendments" to Dodd financial regulation bill (related XLF )
[10:25] {Threei} wow LVS
[10:25] {Threei} good thing it never triggered
[10:25] {Les} premarket .40 was it
[10:29] {Threei} Long Setup: CLNE .85 break half lot
[10:29] {Threei} stop under .75
[10:30] {Threei} DOE CRUDE: +1.0M V +500KE
[10:30] {Threei} GASOLINE: -1.7M V +200KE; DISTILLATE: -1.5M V -1ME; UTILIZATION: 80.6% V 80.7%E
[10:31] {Threei} if breaks .90 from here, stop to under .80
[10:32] {Threei} no go
[10:34] {Threei} WFC Signs second-lien mortgage modification agreement with US Treasury
[10:36] {nemo} hig
[10:38] {dino} getting the monkey off its back
[10:39] {dino} cagc sm l .77
[10:40] {Threei} CLNE rinse
[10:40] {Threei} grrr
[10:40] {dino} dsw lod
[10:44] {dino} dsw sm l .75
[10:48] {Threei} look at this piece of crap
[10:50] {Threei} Long Setup: RIMM .10 break
[10:51] {nemo} stop .90?
[10:52] {Threei} I'd prefer it to hold 75
[10:52] {Threei} and give us tighter stop
[10:52] {Threei} couple cents padding under 75
[10:53] {Threei} should do around .30 with any market help
[10:54] {Threei} {market} me? help? hah!
[10:56] {Threei} can you believe CLNE rinse by 2 cents, then this?
[10:58] {Threei} 1:1 RIMM
[11:00] {Threei} anyone's here?
[11:00] {Threei} is this thing on?
[11:00] {RonS} ...just us chickens...
[11:01] {nemo} me and the rabbit
[11:01] {Threei} I thought it was just me and infuriating CLNE
[11:01] {RonS} ...things are reeely tight...cept materials
[11:01] {dino} .
[11:02] {nemo} fishing reely?
[11:06] {Threei} Kucinich: we must have control over private insurance companies
[11:06] {Threei} Freudian slip eh
[11:06] {nemo} oh boy
[11:06] {Les} who's he? Fed member?
[11:06] {nemo} Congressman
[11:06] {Les} lol what?
[11:07] {nemo} lower Parliament
[11:07] {nemo} House of Commons
[11:07] {RonS} Alred E Newman
[11:07] {nemo} What me Worry
[11:07] {RonS} alfred
[11:07] {Les} hahaha controlling private insurance...
[11:07] {Threei} well, I understand what he meanr
[11:08] {Threei} but the way it came out pretty much reminds me the lunch conversation between two shrinks
[11:08] {Threei} "you know dear colleague, I had a very curious case of Freudian slip today at breakfast,
[11:08] {Threei} I asked my wife to pass me a salt, she did,
[11:09] {Threei} and instead of Thank you dear I said: b*tch, you spoiled my whole life"
[11:09] {Les} lol, yeh the might be freudian
[11:09] {Les} that
[11:09] {RonS} larisa, get the trout...
[11:11] {larisa} nah :) I think you make your own decisions, nobody can spoil anything for you unless you let him :)
[11:12] {larisa} except for that Tobin tax ...
[11:12] {nemo} db rimm?
[11:12] {Threei} even that larisa...
[11:13] {Threei} you vote socialists in, you get what you voted for...
[11:13] {Threei} "you" as in generic you, not you personally
[11:13] {nemo} US went socialist in 1913
[11:13] {RonS} pcx looks good long...entry? 21?
[11:13] {Threei} no on RIMM
[11:13] {nemo} ?
[11:14] {Threei} Ron... 21?
[11:14] {Threei} you mean if it pulls back to it?
[11:14] {RonS} yes
[11:14] {Threei} depends on how it does
[11:15] {Threei} if drops in one quick move, sure
[11:18] {nemo} lvs C&H
[11:18] {nemo} ?
[11:18] {Threei} looks right
[11:23] {RonS} jef jumps on algo traind news. this could have some legs
[11:24] {nemo} out lvs
[11:24] {nemo} ty
[11:25] {Threei} nice setup, and worked like textbook
[11:25] {nemo} yep
[11:25] {dino} out dsw .18, +.43
[11:25] {Threei} nice birthday trading
[11:26] {RonS} dino kickin w dsw
[11:26] {dino} ty
[11:27] {nemo} wonder if LVS breaks .22, thats the 200
[11:28] {nemo} has just pulled back to trend
[11:28] {Les} I see where I'm going wrong with these trades dino likes
[11:28] {Les} should be using trend as friend for long when they bounce
[11:28] {nemo} you're taking them?
[11:28] {Les} instead of short
[11:28] {Les} for weeks now
[11:28] {Les} on paper
[11:29] {Threei} ummm... you mean you are taking his trades but in opposite direction?
[11:29] {Threei} yeah, that would kind of explain where you go wrong...
[11:29] {Threei} or at least serve as a first clue
[11:29] {Les} :P
[11:30] {strider} CAT?
[11:31] {RonS} dino, cue up ges; they report amc...
[11:31] {Threei} I think so stirder
[11:31] {Threei} withg market help of course
[11:32] {strider} thx
[11:36] {Les} cagc
[11:37] {strider} didn't take CAT.....having elec. service changed. Back in a ffew.
[11:37] {Threei} to what, steam?
[11:38] {strider} nuclear
[11:38] {Threei} progressive
[11:38] {Threei} me, I am a luddite
[11:38] {nemo} don't need to turn lights on at night...he'll glow
[11:38] {strider} back soon.
[11:40] {RonS} CLNE, c&h developing?
[11:41] {Threei} way too waide ranges for me
[11:41] {Threei} wide
[11:41] {nemo} coming into lunch too
[11:41] {Threei} if this is handle's bottom, then rim is 40 cents higher
[11:41] {jfjf64} aig
[11:42] {Threei} if I were to play such formation, I'd do it with aggressive entry only
[11:42] {Threei} AIG just does its daily routine spike
[11:42] {Threei} with news/rumor coming in 3 min
[11:42] {jfjf64} yup
[11:43] {nemo} always out of nowhere
[11:45] {Les} time for a drink, me thinks
[11:45] {nemo} fuqi short under .10?
[11:46] {nemo} hate this time of day for breaks
[11:48] {Threei} really can't tell nemo
[11:48] {nemo} it's breaking down, I just don't like it
[11:49] {Threei} short rather than long, but odds are not too good for a win in any direction
[11:49] {nemo} lvs coming in also
[11:49] {patience} happy birthday to you Dino :)
[11:51] {RonS} something for nemo to do:
[11:54] {dino} out cagc .16, +.39
[11:55] {Les} yeh out +.22
[11:55] {Les} when did you enter?
[11:55] {nemo} subtract .39 from .16 and look
[11:56] {Threei} that's ok if you didn't get the same entry Les - at least this time you traded in the same direction as dino {GGGGG}
[11:56] {Les} belt up nemo
[11:56] {nemo} rotfl
[11:56] {dino} .77 entry les
[11:56] {dino} gj
[11:57] {Les} yeh thank Vad {- heave sarcasm
[11:57] {Threei} don't even think of answering that Les, don't spoil it for me... I am going to chuckle about this for an hour
[11:57] {nemo} he's starting to spell like he's an English major
[11:57] {Threei} not sarcasm...
[11:58] {Threei} that is what gooes for friendly humor in circles you get into when you converse with nemo
[11:58] {Les} huh
[11:58] {Les} it took three higher lows on CAGC before I figured it out
[11:58] {nemo} yeah, make me out to be the bad guy
[11:58] {Threei} and you know whart nemo - I don't even have to work all that hard
[11:59] {nemo} see les...sarcasm
[11:59] {Threei} you kind of fit naturally
[11:59] {nemo} :)
[11:59] {Threei} les... feel bettter? :)
06[11:59] * Threei is looking around in search of the next victim
[12:00] {jfjf64} pot
[12:00] {Threei} magoo is not here
[12:00] {Threei} nuclear boy is not here
[12:00] {jfjf64} short
[12:00] {Threei} loks right jf
[12:00] {nemo} speaking of nuclear boy
[12:01] {strider} that's nukulur to you.
[12:01] {Threei} he is on spare steam generator
[12:01] {nemo} squirrel and rubber band
[12:02] {jfjf64} 1/1
[12:02] {Threei} look to cover around here jf, or partial
[12:02] {nemo} yeah, nice jf...breakdown at lunch
[12:03] {Threei} very nice find
[12:03] {jfjf64} half out
[12:03] {jfjf64} stop.60
[12:03] {Les} looking for a suitable 3 stooges video Vad, can't find one...
[12:03] {Threei} sharp dive under .50's next, to cover more
[12:03] {nemo} aig available for shorting today
[12:04] {jfjf64} 125.11//125.15 gap fill
[12:04] {nemo} .16 break long aig?
[12:04] {Threei} why not
[12:04] {Threei} there you go POT
[12:05] {Threei} .15 big offer on AIG,
[12:05] {nemo} yep
[12:05] {Threei} risk is minimal
[12:05] {Threei} so...
[12:05] {jfjf64} i lv pot
[12:05] {Threei} jf, last portion is closer to .20
[12:05] {jfjf64} 1/4 out
[12:05] {Threei} and stop above .50 now
[12:06] {jfjf64} ty
[12:06] {Threei} 1:1 AIG
[12:06] {RonS} tick, tick, tick, tick, tick CLNE
[12:06] {jfjf64} done
[12:07] {Threei} beautiful play
[12:07] {Threei} you took it aggressively Ron?
[12:07] {jfjf64} ty sensi
[12:08] {RonS} no, I want a real time example of you intraday c&h. hope this is it. if it clears the rim it could explode w/ the shorts
[12:09] {Threei} Market Internals update at 12:00pmET
[12:09] {Threei} - NYSE volume 385M shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.
[12:09] {Threei} - NASDAQ volume 960M shares, about 2% above its three-month average; advancers lead decliners by 1.5:1.
[12:09] {Threei} - VIX index -5.75% to just over 16.50
[12:09] {Threei} VIX, mama mia
[12:09] {Threei} I think it goes for new all time low
[12:10] {RonS} ...went sub 10 during the last bull
[12:12] {fernp} VXX .40 break, vad?
[12:13] {Threei} chart is right...
[12:13] {Threei} how reliable it is, well
[12:13] {Threei} le me re-shape the question a bit
[12:13] {Threei} looking at SPY,
[12:13] {nemo} 1/2 out aig
[12:13] {Threei} do you feel like playing breakdown?
[12:14] {nemo} 1/4 more
[12:14] {Threei} WFMI Ticking lower as the WSJ reports that a pepper product carried by WFMI is among those being investigated by FDA for salmonella (17.43, +0.10, 0.58%) (related MKC PG SWY )
[12:14] {nemo} stop to .25
[12:14] {Threei} wtg
[12:15] {fernp} yeah, i will ignore VXX
[12:15] {nemo} stop to .27
[12:15] {nemo} orer at .28
[12:15] {nemo} bid
[12:16] {dino} fuqi, nwpx, vivo
[12:19] {nemo} stopped last aig
[12:20] {Threei} Short Setup: MOS .25
[12:21] {Threei} stop above .35 for scalpers
[12:21] {Threei} .40 for day traders
[12:22] {dino} nwpx sm l .00
[12:27] {Threei} 1:1 for scalpers
[12:27] {Threei} 1:1 for day traders
[12:28] {Threei} anyone is even trading still or it's just me and birthday boy??
[12:28] {jfjf64} comon sensi
[12:28] {Les} I'm in my own world thank you
[12:28] {strider} I"m in MOS from .26
[12:29] {Threei} oh, OK, nukular boy is here too
[12:29] {Threei} Les is, well...
[12:29] {dino} lol
[12:29] {Threei} just hopwe he didn't take MOS long
[12:29] {Les} oh now that's just rude
[12:29] {Threei} yesss
[12:30] {nemo} Yeah...he onl does that with Dino's calls
[12:30] {Threei} finally I reached nemo's mastery
[12:30] {nemo} ?
[12:30] {Threei} and became rude
[12:30] {Threei} thank you Les
[12:30] {strider} stopped .15, +.11
[12:30] {Les} yeh but Nemo has finesse
[12:30] {Threei} well, I am still practicing
[12:30] {Threei} but I am getting better
[12:30] {Les} he's like tarantino and violence
[12:31] {Les} it's slick, sophisticated. he's clearly been tutored in rudeness
[12:31] {Threei} see, I am trying to learn from the best
[12:31] {jfjf64} cover all .11 ty sensi
[12:31] {Threei} welcome sir
[12:31] {nemo} wow...I think it's a compliment
[12:32] {Threei} it sure is
[12:32] {Threei} being good at being bad - it's an art
[12:36] {jfjf64} .25 which was res before now support .10 break short looks goood to jf
[12:36] {dino} wow cagc
[12:36] {jfjf64} agree
[12:38] {Les} fuqi trying to go over 50 ma at .10
[12:40] {jfjf64} look pot filled gap
[12:55] {dino} rino gap fill
[12:57] {Les} long fuqi .12. stop 12
[13:00] {nemo} nice Les (that hurt:()
[13:00] {Les} won't hurt ya to be nice from time to time
[13:01] {Threei} good play
[13:01] {nemo} I save that for animals
[13:01] {nemo} Mmmmhhh...I guess you qualify then, Les
[13:01] {Threei} nah Les... he loses lustre
[13:02] {Les} seeing if 200 ma at .19 holds
[13:02] {Les} as support
[13:02] {Threei} you didn't exit any into that spike?
[13:02] {Les} no, 400 shares, want decent run
[13:03] {nemo} mmmhhh...first he fades Dino's trades, now he goes Magoo
[13:03] {Les} 1k and out at .25 would have been good hand to play.
[13:07] {Threei} look at SRS chart from 11/21/2008 to now
[13:07] {Threei} this is not something you see every lifetime
[13:09] {Les} we should be short and hold ultraETF's
[13:10] {Threei} well, we also should have bought everything possible one year ago
[13:10] {Les} once in our lifetime
[13:10] {Threei} nope
[13:10] {nemo} bought long dated calls on tck
[13:10] {Les} fingers crossed not
[13:10] {Threei} I heard the same in 1998-2000
[13:11] {Les} I bought TCK $3
[13:11] {Threei} and just decade later, I hear it again
[13:11] {Les} sold $3.50
[13:11] {Les} was proud o fmyself.
[13:11] {Les} &%ç**""*!
[13:11] {Threei} shrug
[13:12] {Les} oui oui
[13:12] {Les} c'est la vie
[13:12] {Threei} when you get access to time machine to get a WSJ issued one year later, you will be in position to take advantage of this kind of moves
[13:12] {nemo} firme le bouche
[13:12] {Les} tais toi
[13:12] {nemo} manga la....nevermind
[13:13] {Les} ta gueule
[13:13] {Threei} a year ago TCK for all you knew could just go bankrupt
[13:13] {RonS} french less, think more
[13:13] {Threei} tempus however fugit, don't they
[13:14] {Les} et c'est "ferme ta bouce"
[13:14] {Les} bouche
[13:14] {RonS} tck...cara had it covered...
[13:14] {nemo} ahhhh Ron Sen
[13:14] {Les} TGB was a favourite of mine. .60 at the bottom
[13:15] {Les} out FUQI flat. threatening b/d
[13:15] {nemo} looks like spy's ready to run again
[13:16] {nemo} it di the algo creap from .03
[13:17] {nemo} creep
[13:17] {nemo} di=did
[13:22] {Les} l fuqi .07 with 1k this time
[13:24] {nemo} AWIAV?
[13:24] {Threei} no... thinkking whether LVS worth a try
[13:24] {Threei} probably not
[13:25] {Les} incredible watching big offer vol. to force down stock, and chase it down in price
[13:27] {Les} fuqi foiled again. out +.01
[13:36] {Threei} oh boy...
[13:36] {Threei} grilled bear meat at isle 3
[13:37] {strider} GS is weak
[13:37] {Threei} Long Setup: FUQI .10 break
[13:38] {Threei} stop is so obvious, I won't insult your intelligence by calling it
[13:38] {Threei} but it's .05 for extrascalpers and 12 for sane traders
[13:41] {Les} already long .12, but it picks up some huge offers after rising 5 cents. not easy going
[13:41] {Threei} no
[13:41] {Threei} but stocks beaten that hard rarely are
[13:44] {Les} yeh. consolation is that there is huge buying offers at 12 for support
[13:44] {Threei} bids
[13:45] {Les} that too
[13:49] {dino} back in 30
[13:49] {dino} out nwpx fLAT
[13:49] {Threei} dino's picking up birthday cake
[13:49] {dino} flat
[13:56] {Les} aww mannn, you missed massive spike dino. out +.22
[13:59] {Threei} ok... party time FUQI
[14:00] {Threei} yes, I am talking to you, stock with strange and almost indecent symbol
[14:00] {Threei} move yor lazy butt
[14:00] {Threei} Market Internals update at 2:00pmET
[14:00] {Threei} - NYSE volume 555M shares, about 10% below its three-month average; advancers lead decliners by 3.4:1.
[14:00] {Threei} - NASDAQ volume 1.44B shares, about 6% above its three-month average; advancers lead decliners by 1.8:1.
[14:00] {Threei} - VIX index -6.5% to just over 16.50
[14:03] {Threei} those pesky superscalpers got their 1:1 btw, and then some
06[14:04] * Threei squints at fern
[14:04] {fernp} lol
[14:04] {fernp} but not in
06[14:04] * Threei squints at the spot where ese usually sits
[14:05] {fernp} didn't see any play on it
[14:05] {fernp} i was wrong :-)
[14:05] {Threei} neither did I but I had to show Les that he did it wrong before :)
[14:06] {fernp} lol
[14:06] {Threei} magoo is preparing surprise party for dino?
[14:10] {Les} Is there a crime victim compensation committee I can appeal to in Canada?
[14:10] {Threei} hmmm
[14:10] {Threei} not sure
[14:10] {nemo} somebody steal your common sense?
[14:11] {Threei} I guess it's usual court process
[14:11] {Threei} with seeking punitive damages
[14:11] {Les} I'm clearly a victim here
[14:11] {Threei} lol... les, give it to nemo, he recovered from a blunder before
[14:12] {Les} oh no, I'm pretending Nemo didn't say that
[14:12] {nemo} o.k. Alice
[14:13] {Threei} that's osrtich policy
[14:13] {Threei} works well only if you don't have concrete floors
[14:13] {Threei} also, trust me:
[14:13] {nemo} fcx break of .56 on volume?
[14:13] {nemo} stop is wide
[14:13] {Threei} years of attempts to deal with nemo by pretending I don't notice him proved it's not working
[14:14] {Threei} he has no problem waiting it out
[14:14] {Les} still, you don't need to encourage him
[14:14] {Threei} I don't need to but it's fun...
[14:14] {nemo} Les....................I don't need give me all the motivation I need
[14:14] {Threei} and the worst part is: he is doing just fine with no slightest encouragment
[14:15] {larisa} I say no more than 10 min a day of Les sarcasm. new rule.
[14:15] {Les} haha
[14:15] {nemo} Crissakes, he would have to shut up by 8:15
[14:15] {Threei} ok... my quota for the day is filled then
[14:15] {Threei} FUQI 1:1
[14:15] {Les} that's alright Larisa, I do enjoy self-deprecation
[14:15] {Threei} wait
[14:16] {larisa} but I am getting tired :)
[14:16] {Les} oh
[14:16] {Les} sorry
[14:16] {Threei} larisa meant sarcasm BY Les or sarcasm ABOUT les?
[14:16] {larisa} about les
[14:16] {Threei} oh, OK
[14:16] {nemo} fine, we'll fawn all over him
[14:16] {Les} voilà Nemo, you heard the woman
[14:16] {Threei} anyone took FUQI?
[14:17] {Threei} flawless trade
[14:17] {nemo} look at fcx Vad
[14:17] {Les} half out +.08
[14:17] {Threei} why?
[14:17] {Threei} what do you see there?
[14:17] {dino} .
[14:17] {Threei} stop to under .10 les, if you are partialing
[14:17] {nemo} the resistance at .55, and it's due for a run
[14:17] {Les} moving averages
[14:17] {Les} fuqi has cleared both
[14:18] {Les} with great difficulty
[14:18] {Les} 50/200
[14:19] {Threei} nemo, only if market makes another, and sizeable, move
[14:19] {Threei} I a, not delighted by how FCX sits good 50 cents under day's high while market makes new ones
[14:19] {Threei} next exit for FUQI is about .35
[14:20] {Threei} and last one is .45
[14:21] {fernp} STI .40 break, Vad?
[14:21] {Les} ok ty
[14:21] {Threei} probably, with market making new high
[14:21] {fernp} ty
[14:22] {Les} ok all out.
[14:23] {Threei} why??
[14:23] {Threei} stop is practically breakeven
[14:23] {Threei} stock finally found firm footing
[14:23] {nemo} Vad, if fcx holds .42 in this pullback, that's the right side if IH&S
[14:23] {nemo} think FUQI would be a new break on consolidation and then move above .28
[14:24] {Threei} don't know about FCX...
[14:25] {Les} cause a bird in the hand is better than two in the bush
[14:25] {Les} any sign of weakness, I'm happy to offload
[14:27] {Threei} well, as a naturtal born scalper I would be the last to argue with that
[14:27] {Threei} but this case does deserve more room
[14:27] {Les} u r right, but after shaky start to day I wanted cash in hand.
[14:28] {Les} CAGC
[14:28] {RonS} jef is a good boy
[14:28] {Les} just happy to get dino's trades in order. two good scalps on NWPX & FUQI. me happy
[14:29] {dino} gj les
[14:29] {Threei} 1:2 FUQI
[14:35] {Threei} GR) EU's Barroso: Would not speculate for dates for possible Greek aid
[14:35] {Threei} - Reiterates once again that Greece has not requested aid
[14:36] {Threei} (US) Fed Chairman Bernanke: Fed is uniquely suited to supervise large financial institutions - Congressional testimony
[14:36] {Threei} - Federal Reserve's participation in the oversight of banks of all sizes significantly improves its ability to carry out its central banking functions.
[14:36] {Les} I remember when I decided to give up on business program at uni
[14:37] {Les} when I studied marketing. "how to BS people"
[14:37] {jfjf64} mos s .26
[14:37] {Les} stinks to high heaven, like this Euro trash talk
[14:40] {Les} Vad, MNKD
[14:40] {Les} these big vol. spikes into resistance
[14:40] {Les} wondering if its something I can fade
[14:40] {Threei} I don't see plays on it Les
[14:40] {Les} ok
[14:40] {RonS} gs rolling over
[14:41] {Threei} all moves it does come from the points which don't tell me anything
[14:44] {Les} vivo 20 b/d
[14:45] {Les} aapl read
[14:45] {Les} red
[14:47] {Threei} (US) Fed Chairman Bernake: Concerned about the Fed being limited in size of banks it regulates, wants oversight over smaller banks too (related XLF )
[14:47] {strider} Good, Les. Tomorrow, we'll move on to bananas and oranges.
[14:48] {Les} hmmm not bad, not bad
[14:48] {Threei} - Note that the Dodd Bill limits the Fed to regulating banks of $50B in assets and larger
[14:49] {Threei} I am not saying a word since larisa forbade me... but I am crawling on the floor
[14:49] {Les} hehehe. s MNKD .43
[14:49] {nemo} how do you type?
[14:49] {Threei} keyboard's with me
[14:51] {larisa} you guys are monkeys :
[14:52] {nemo} not sure I get the analogy
[14:52] {strider} I don't think it's an analogy, nemo.
[14:52] {Threei} looks about right
[14:52] {larisa} sorry nemo :)
[14:52] {nemo} comparison...fine...I'm looking for trades
[14:53] {nemo} I've got hair on my face, but it' gray, long, and I've got blue eyes. I don't need Depends yet.
[14:54] {larisa} but you are bullying the child
[14:54] {RonS} trannies lagging today
[14:54] {nemo} ?
[14:54] {nemo} see that Les think's you're a bloody Sheila
[14:55] {Les}
[14:55] {Les} found nemo
[14:55] {Les} or is it finding nemo?
[14:55] {fernp} this room is degenerating
[14:56] {larisa} FCX what a trade on range breakdown missed.
[14:56] {Les} wow
[14:57] {Threei} for quite a while already fern... I'd say since inception
[14:57] {RonS} gs
[14:57] {Threei} told you I didn't like FCX as long
[14:57] {Les} how long this room been open?
[14:57] {nemo} crissakes nothing long woulda' worked
[14:57] {Threei} from 2000
[14:57] {Threei} lol nemo, true
[14:58] {larisa} range was .30-.55, could do both
[14:58] {Les} can imagine everyone screaming at
[14:58] {Threei} yes larisa, but I had a solid reason to dislike it
[14:58] {nemo} frankly, cat is holding very well
[14:58] {Threei} much better, yes
[14:58] {Les} h & s cat?
[14:59] {Threei} 14:19] {Threei} I am not delighted by how FCX sits good 50 cents under day's high while market makes new ones
[14:59] {nemo} shoulda' faded it then
[15:02] {dino} cski lod
[15:02] {dino} back in 10
[15:02] {larisa} :)
[15:03] {jfjf64} mos breakin .10
[15:04] {jfjf64} cover half
[15:07] {Threei} new conference by Pelosi in 20 min
[15:07] {Threei} you guessed right what its about
[15:07] {Les} her resignation
[15:08] {Threei} you can only hope
[15:08] {nemo} I think there was a meeting of all women democratic reps today
[15:16] {fernp} Good evening everybody. See you all tomorrow
[15:16] {Threei} take care fern
[15:16] {Les} ciao
[15:17] {jfjf64} later fern
[15:18] {dino} cya
[15:19] {Threei} MOS breaking down
[15:19] {dino} pretty good market drop
[15:26] {dino} dsw lod
[15:26] {Les} fcx
[15:27] {dino} sm l .65
[15:28] {dino} fuqi l .00
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 755M shares, about 5% below its three-month average; advancers lead decliners by 2.1:1.
[15:31] {Threei} - NASDAQ volume 1.89B shares, about 7% above its three-month average; advancers lead decliners by 1.4:1.
[15:31] {Threei} - VIX index -5.5% to just under 17.00
[15:41] {Threei} if market recovers a tad more toward the end, bears torture will probably continue tomorrow again
[15:41] {nemo} op ex week
[15:41] {nemo} definitely
[15:41] {nemo} guess that means it won't
[15:44] {dino} hum dee dum
[15:47] {Threei} pelosi takes credit for 4000 points run in stock market
[15:47] {nemo} what a ......
[15:48] {RonS} her idiocy knows no bounds and is only topped by Babs Boxer
[15:49] {dino} she's something (I won't say what)
[15:49] {nemo} they all apply
[15:49] {Threei} keep your thoughts clean today dino, it's your birthday
[15:50] {dino} thoughts are on corn beef
[15:51] {Threei} Chief Exorsist says evil is everywhere,, including Vatican
[15:51] {dino} lol
[15:51] {RonS}'s a Black Bush (Bushmill's) to you, dino
[15:51] {Threei} I didn't even know there was such post :)
[15:52] {dino} thank you, have some guinness at home
[15:52] {dino} i want that job
[15:52] {RonS} ...i thought you were talking about pelosi again...:O
[15:53] {dino} chief exorsist
[15:54] {Threei} I was serious btw
[15:54] {Threei} that's who they showed on CNN
[15:56] {Threei} market recoeverdd to upper half of daily range
[15:56] {Threei} I have to say, this is not shaping well for bears
[15:56] {Threei} again
[15:57] {RonS} no bear wnats to press the bet. they cover and hide
[15:57] {dino} dsw stopped -.20
[15:57] {Threei} hope so for their sake
[15:57] {Threei} but that's not my impression
[15:57] {larisa} it is easy, bears need to convince Pelosi market needs to sell :)
[15:57] {Threei} I see a lot of "all oscillators say it's top, let's short"
[15:58] {Threei} lol
[15:58] {nemo} just get more overboughter
[15:58] {dino} you go first
[15:58] {Threei} exactly
[15:58] {Threei} larisa, tell me please
[15:58] {Threei} when oscilator, like stochastic for instance
[15:58] {Threei} goes into upper range, 8- and higher
[15:58] {Threei} and then p[rice stalls for a while instead of droppiong
[15:58] {Threei} what hppens to indication?
[15:59] {RonS} McClellan actually worked off its overbought...
[15:59] {nemo} looks like spy gonna' end the day right on vwap
[15:59] {dino} out fuqi -.06
[16:00] {larisa} oscillator will fall anyway most likely.
[16:00] {Threei} that's my experience and observation too
[16:00] {Threei} so consolidation liquidates overbought condition
[16:00] {RonS} cya all.
[16:00] {Threei} and price can continue higher again, becoming overrbought again
[16:01] {Threei} and overboghter still
[16:01] {Threei} so, all these references to indicators indicating overbought indications in the most indicative way...
[16:01] {Threei} ok guys, thank you all
[16:01] {Threei} hace a good evening, see you tomorrow
[16:02] {Les} ciao