Friday, March 19, 2010

Mar 19 2010

Quadruple witching kept our activity rather at the low end, but good day shaped up nonetheless. 45 cents profit on CAT short, nicely sized PALM short, couple small stops and quite a few discretionary trades most of which worked nicely.

Session Time: Fri Mar 19 00:00:00 2010
[08:13] {KSystems} good morning!
[08:14] {Threei} good morning
[08:41] {Threei} (GR) Greece PM: Greece is in a step before inability to borrow
[08:41] {nemo} Sarkozy is offering aid
[08:41] {Threei} wasn't it "not requesting aid" yesterday?
[08:41] {nemo} yep
[08:42] {Threei} GR) French Official: Germany and France have different ideas about dealing with Greek situation
[08:42] {Threei} - Official notes that French President Sarkozy an IMF loan to greece, would like to see a European solution to the issue.
[08:42] {Threei} ***Reminder: Earlier in the session, the German finance minister said Germany has not ruled out IMF support for Greece, but said Germany has reservations about such tactics
[08:43] {Threei} German Fin Min: Up to Greece to lower its borrowing costs via fiscal consolidation
[08:43] {Threei} - Greece to to take the steps to restore confidence in capital markets
[08:43] {Threei} - Have not ruled out IMF assisted support towards Greece, but do have reservations about such tactics
[08:43] {Threei} GR) German Gov't: No new situation on Greece and reiterates that the country has not asked for aid
[08:43] {Threei} lol
[08:44] {Threei} my favorite:
[08:44] {Threei} Germany has not ruled out IMF assistance for Greece
[08:45] {Threei} reminds me "Ukraine and Argentina signed agreement about Belarus not attacking Mongloia"
[08:52] {Les} sorta reminds me of monty python scene in the market where soothsayers and other quacks speak
[08:52] {Les} "He's making it up as he goes along!"
[08:53] {Les} morning
[08:53] {Threei} morning les
[08:53] {nemo} astute observation, LE
[08:53] {nemo} s
[08:56] {Les} oh belt up you
[08:57] {nemo} :)
[08:57] {Les} ;)
[08:57] {Les} SOMX getting jiggy with it
[09:07] {Threei} PALM PT cut to $0 from $4 by Canaccord; Retains Sell rating
[09:07] {Threei} wow
[09:07] {dino} gm all
[09:07] {nemo} SHORT!
[09:07] {Threei} dino :)
[09:08] {nemo} hey old man
[09:08] {Les} dino
[09:08] {RonS} dino gm all
[09:08] {Threei} ron :)
[09:09] {dino} :)\
[09:09] {Les} hey ron
[09:09] {RonS} hi Les. 65 yesterday. 30 and snow today. gw sucks
[09:10] {Threei} how is it Bush fault?
[09:11] {Les} spring is definitely here now. sun sun sun
[09:14] {RonS} bby getting some vol. gs upgrade, up 1.15. will be interesting how far they run this. 3D hype
[09:14] {Les} so if I had to guess, I'd say a .60 short on PALM could well be a trap. seems to have already recoveered
[09:14] {Les} SOMX
[09:15] {gen} gm all
[09:16] {Threei} gen :)
[09:16] {Les} hi
[09:16] {gen} :)
[09:17] {dino} wcn
[09:19] {lasertrev} morning
[09:19] {Threei} trev :)
[09:23] {nemo} penant formed on somx
[09:23] {nemo} hi lari :)
[09:23] {larisa} gm :)
[09:23] {Threei} larisa :)
[09:23] {Les} larisa
[09:24] {larisa} :)
[09:24] {Les} fas spiking
[09:25] {nemo} rimm hovering near pre-marke highs
[09:25] {Threei} everyone remembers today is quadriple witching?\
[09:26] {nemo} yeah
[09:26] {Les} sorta
[09:26] {dino} scarey stuff
[09:30] {Threei} SOMX lost its mind
[09:30] {Threei} buy at market on open orders
[09:31] {Les} what's that mean? everyone's all in?
[09:31] {jfjf64} mornin
[09:31] {Threei} jf :)
[09:31] {nemo} pre-set orders for market open
[09:31] {Les} ok
[09:31] {nemo} fas exploded
[09:32] {nemo} new DOW high
[09:32] {Threei} Long Setup: WFC .55
[09:32] {Threei} if stays above .45
[09:34] {Threei} SOMX is not shrtable
[09:37] {fernp} Good morning everybody
[09:37] {Threei} fern :)
[09:39] {Threei} would have been nice short eh
[09:40] {Les} GME
[09:43] {Threei} momo's back
[09:46] {Threei} Long Setup: RIMM /long rimm .60 break half lot
[09:46] {Threei} if stays above .45
[09:50] {Threei} let's trail to .55
[09:51] {Threei} gotta be stingy during quadriple witching
[09:51] {Threei} out
[09:55] {jfjf64} halo got the momo
[09:55] {Les} perhaps traders mistook it for PS3 release :)
[09:55] {nemo} ha
[09:55] {nemo} ha
[09:55] {nemo} ha
[09:56] {Threei} Short Setup: CAT .45
[09:57] {Threei} stop for scalpers .above 55
[09:57] {Threei} day traders .60
[09:58] {Threei} 1:1 for scalpers
[09:58] {jfjf64} ty
[09:58] {jfjf64} bad print going in
[10:00] {jfjf64} .35 yest lows
[10:07] {Les} CAT max pain 57.50
[10:07] {magoo} hey!
[10:08] {Threei} morning mags
[10:08] {Threei} 1:1 for day traders
[10:08] {magoo} whgich u i vad?
[10:09] {jfjf64} nice read sensi
[10:09] {Threei} ummm... what?? :)
[10:09] {magoo} what stock 1:1?
[10:09] {Threei} oh
[10:09] {Threei} CAT short
[10:09] {jfjf64} kitty
[10:10] {Threei} (US) FDIC's Bair: There will be more bank failures this year the prior year, though not by much (related XLF )
[10:10] {Les} ty vad
[10:10] {Threei} welcome
[10:11] {Threei} mags... you do know you miassed run of the month yesterday, right?
[10:13] {magoo} no, u catch points?
[10:14] {Threei} look SOMX
[10:14] {fernp} NDAQ long, Vad?
[10:14] {Threei} you'd be all over it yesterday
[10:14] {Threei} not sure fern
[10:15] {fernp} Qs falling, yeah
[10:16] {dino} rino sm l .50
[10:17] {Threei} Short Setup: MOS .50 break half lot
[10:18] {Threei} stop .65, not a scalp for me
[10:19] {Threei} no worky
[10:22] {nemo} rinse
[10:22] {Threei} yeah
[10:23] {nemo} never broke the downwrd trend line
[10:23] {dino} rino stopped
[10:24] {dino} chk gap fill
[10:24] {Threei} BSX looks salmonish
[10:24] {magoo} somx strong too
[10:25] {jfjf64} vxx some gitty up
[10:25] {magoo} yea
[10:27] {fernp} UAUA short Vad?
[10:27] {jfjf64} ko
[10:27] {Threei} probably fern
[10:28] {fernp} ty
[10:29] {Threei} not shortable
[10:30] {fernp} it's available here. +.10 ty
[10:31] {Threei} CAT over 1:2
[10:31] {Threei} 1:3, done
[10:31] {Les} last 100 shares .98 ty
[10:33] {Les} UAUA max pain $15. could drop a long way today
[10:34] {Les} s.90
[10:34] {dino} chk l ,50
[10:35] {Threei} Market Internals update at 10:30amET
[10:35] {Threei} - NYSE volume 670M shares, about 275% above its three-month average; decliners lead advancers by 3.5:1.
[10:35] {Threei} - NASDAQ volume 825M shares, about 63% above its three-month average; decliners lead advancers by 2.3:1.
[10:35] {Threei} - VIX index +0.75% to just over 16.50
[10:35] {strider} KKO salmon
[10:35] {strider} ko
[10:37] {Threei} timely cover CAT, too bad didn't have guts to reverse position
[10:37] {Les} KO developed elixir of life?
[10:37] {Les} that's a skill I'd happily practice, reversing the position after covering
[10:38] {fernp} BAC .90 break short, Vad?
[10:38] {Threei} I doubt it
[10:38] {fernp} ok
[10:40] {Threei} don't tak it straightfoward les... closing position does not automatically mean reversing
[10:40] {Threei} sometimes it does, more often it doesn't
[10:45] {Threei} President speech is going to frame a debate as American People against Insurance Companies
[10:45] {Threei} yeah, this is it
[10:46] {nemo} market internals vad?
[10:46] {nemo} finviz must be wrong it has relative volumes through the roof
[10:46] {Threei} Market Internals update at 10:30amET
[10:46] {Threei} - NYSE volume 670M shares, about 275% above its three-month average; decliners lead advancers by 3.5:1.
[10:46] {Threei} - NASDAQ volume 825M shares, about 63% above its three-month average; decliners lead advancers by 2.3:1.
[10:46] {Threei} - VIX index +0.75% to just over 16.50
[10:46] {nemo} wow...guess not
[10:46] {Threei} same here
[10:47] {Threei} doesn't feel like it at all from trading though
[10:47] {nemo} must be huge churning at each level
[10:47] {Threei} Obama a Presidential Approval Index rating of -21. That matches the lowest Approval Index rating yet recorded for this President
[10:48] {Threei} must be because he is protecting american people from big bad insurance companies
[10:48] {nemo} what's funny about this health care, there is no way on God's green earth they are going to "control" spending
[10:49] {nemo} Demographics trump everything
[10:49] {dino} no kidding. it's one big lie
[10:49] {dino} already medicare, medicaid are broke, yeah let's add a 3rd plan
[10:49] {Threei} of course not, ask the province of British Columbia what % of budget is health care
[10:49] {Threei} anyone to guess?
[10:49] {nemo} 30+%
[10:50] {RonS} 40
[10:50] {Threei} more guesses?
[10:50] {Threei} over 50
[10:50] {Threei} and this is the model after which US is lusting?
[10:50] {Threei} saying that it's going to decrease deficit?
[10:50] {Threei} heh
[10:51] {Threei} but, do you think this level of spending guarantees great care?
[10:51] {Les} CAT
[10:51] {Threei} ask those who wait for years for their "non life threatening surgeries"
[10:51] {Threei} or go to US at their own expense and get it done in days
[10:53] {Les} well it averts public gaze from even bigger spending on defense
[10:54] {Les} and govt. itself. I've read that wealthiest districts in USA all centred in and round washington
[10:54] {nemo} yep
[10:55] {nemo} LVS nice uptrend
[11:03] {nemo} gold taking a pounding
[11:03] {Threei} oil too
[11:04] {Threei} while widely despised green buck goes stratospheric
[11:04] {Les} IMF bailout arranged?
[11:04] {nemo} that'll kill the $
[11:04] {Threei} right
[11:04] {Les} ok, so Euro trash bailout
[11:04] {Threei} EU bailout sends USD up
[11:05] {Threei} IMF bailout kills it
[11:05] {Les} that's the one
[11:05] {Les} out CAT +.18
[11:06] {fernp} 1:1 BAC
[11:06] {Threei} Greece shrugging and withdrawing from the modern world altogether and switching to internal barter send price of alives to the sky
[11:06] {Les} spy - db or death
[11:07] {Les} ha. bought olive oil from producer in Tuscanny last year. Most olives in oil come from anywhere round Med rim.
[11:08] {Les} Nothing Italian about Italian olive oil
[11:08] {nemo} at S3, if it breaks lower on volume could go to 115.50 area
[11:08] {Les} Greece, dunno
[11:10] {Les} out UAUA +.10. would like to short again if it doesn't bounce
[11:10] {nemo} lvs still salmoning
[11:10] {RonS} uaua db or death?
[11:11] {Threei} short on bounces, UAUA
[11:11] {Les} ok
[11:12] {Les} finnies coming down - wfc 30
[11:13] {Les} s uaua .72
[11:15] {dino} cru
[11:15] {RonS} euro 1.35 down break could crack this wide open. 1st hour range target 1050 on .spx
[11:17] {Les} WFC
[11:17] {RonS} s/b 1150...
[11:18] {Threei} if you can stand the visual, Ms Pelosi is "very excited about the situation"
[11:19] {Les} I imagine she has top notch health insurance in event of heart attack
[11:19] {RonS} every thief has their excitement
[11:20] {nemo} They're the American Politburo, special stores, special health insurance, special perks
[11:20] {Les} spy
[11:20] {RonS} ...they excluded themselves for the system from the jump
[11:21] {Threei} seeing how SOMX holding around these levels, I start thinking,
[11:21] {gen} ?
[11:21] {nemo} thinking?
[11:21] {Les} stop thinking
[11:21] {Threei} if it sits here for an hour or two more, it has a good shot at momo resumption
[11:22] {RonS} ...especially if the market washes out early, and then recovers
[11:24] {magoo} somx..was watching that too
[11:25] {Threei} wow.. magoo was watching momo candidate
[11:25] {Threei} what's the world coming to
[11:25] {dino} hig gap fill
[11:27] {magoo} not in tho
[11:27] {Les} wfc 30 b/d?
[11:27] {Threei} no
[11:29] {dino} dvn gap fill, dec
[11:30] {Threei} HIG, pullback closer to 27 I'd consider for long
[11:30] {Threei} this I must share:
[11:30] {Threei} Mi querido amigo
[11:30] {Threei} I am Mr. Nikolai Bondaruk, at present I am suffering from throat cancer
[11:30] {Threei} and have a hole in the heart.
[11:30] {Threei} My matrimonial situation is such as I do not have a wife and even less
[11:30] {Threei} children to whom I could bequeath my heritage.
[11:30] {Threei} It is because of this I
[11:30] {Threei} would like gracious and with the aim of help stripped to give you this
[11:30] {Threei} known as heritage rising to a value of $9.5 million US dollars
[11:31] {Threei} etc
[11:31] {Threei} pure beauty
[11:31] {RonS} ...sounds like you need a new spam filter...
[11:31] {Threei} spanish greeting, ukrainian name, hole in the heart, no wife and even less children
[11:32] {Les} I'm impressed by ISP's inability to filter scams
[11:32] {magoo} lol les
[11:33] {Les} UAUA
[11:33] {dino} uso gap fill
[11:33] {Threei} oh boy
[11:33] {Threei} (US) Former Fed Chairman Greenspan: Bank regulators missed risks during 'euphoria'; regulators cannot end crises or deal with asset prices
[11:34] {magoo} SOMX VAD
[11:34] {Threei} with each new "not my fault" from Greenspan I experience more and more respect for Bush
[11:35] {Threei} feels like it will try mags
[11:35] {magoo} in here .57
[11:35] {Threei} really tough to time it
[11:36] {Threei} if it gets going, .90 is target, at least
[11:36] {magoo} thought it might just 'jump"
[11:36] {Threei} it could but only when real momo is back
[11:37] {Threei} for now it's kind of "am I back or am I still thinking"
[11:38] {RonS} dino, csx bounce candidate?
[11:41] {magoo} no go out
[11:41] {dino} y
[11:44] {dino} balt drop
[11:49] {Threei} probably .60 break is SOMX launch pad
[11:50] {dino} dvn sm l .35
[11:50] {dino} csx sm l .45
[11:50] {Les} why not aggressive .51 entry?
[11:51] {dino} c'mon ron, push csx
[11:52] {RonS} i fear you are late dino
[11:53] {Les} nice trendline since 10:30 somx. pullback to mid .40's would be nice
[11:59] {fernp} LVS interesting
[12:01] {Les} already midday. looking forward to changing back to normal sunday
[12:08] {Threei} nice ascending triangle, fern
[12:09] {fernp} yes, i am in from .50
[12:09] {fernp} stop under .45
[12:09] {nemo} 11:10] {nemo} lvs still salmoning
[12:09] {dino} jazz
[12:10] {fernp} but still holding to see if breaks .55
[12:11] {RonS} aet...or is is eat at the public trough...
[12:13] {nemo} gorge...more like it
[12:14] {magoo} right now, cnbc poll...75% say NO to obamas plan
[12:14] {Les} thanks dino. +.13 jazz
[12:14] {Threei} it doesn't matter mags, he just underexplained it
[12:14] {Threei} he will overcome it for their own good
[12:14] {Threei} they will thank him later
[12:15] {dino} gj less
[12:15] {dino} short it?
[12:15] {Les} nooooooo
[12:15] {nemo} no pun intended dino
[12:16] {Les} vad jazz .30 break?
[12:16] {Threei} I have no read on JAZZ
[12:16] {Threei} no news either
[12:16] {Les} ok
[12:17] {Threei} anyone see anything on it?
[12:18] {RonS} I think a lot of these things ran on the ocare thing
[12:19] {dino} jazz short imo
[12:27] {Threei} PALM new lows
[12:27] {Threei} not 0 yet but approaches
[12:28] {Threei} seriously, anyone ever seen such downgrade, with tagert 0?
[12:29] {Les} theatrical approach to screwing a company's stock price
[12:30] {RonS} ...never, but there should have been many...
[12:32] {Threei} lol
[12:33] {RonS} ...such a stance conflicts with revenue generation from the promotion side. plus engenders the potentail for lawsuits a la
[12:33] {Threei} Canaccord, too, not a third tier firm
[12:34] {RonS} ...the PALM conference call was absolutely horrible...
[12:40] {Les} ty vad. took my 5 cents of flesh from PALM. A bit premature... again.
[12:41] {Threei} from above 40?
[12:41] {Les} y
[12:42] {Les} a bit premature covering...
[12:45] {dino} chk green
[12:46] {Les} you still long?
[12:46] {dino} yes from .50
[12:46] {dino} wants hod
[12:46] {dino} wfc green, sm l .25
[12:47] {nemo} wfc
[12:47] {dino} chk, hod, imo
[12:47] {dino} jazz up again
[12:47] {nemo} FDX inverted H&S
[12:50] {Les} s DAL .73
[12:51] {Les} somx coming down. can't short it
[12:52] {Threei} PALM is dying
[12:52] {Les} there was the drop I was hoping for
[12:53] {Les} last I recall of palm, talk of Mr Softy snapping it up for entry into mobile?
[12:53] {Threei} DELLL was named as possible suitor
[12:54] {Les} they wanna wait until stock is worth 50 cents?
[12:54] {RonS} cldx and others broke up and are flagging...what is the trigger?
[12:55] {dino} msft already has a smart phone coming out this summer
[12:55] {nemo} rimm coming into TB
[12:55] {dino} windows phone 7
[12:55] {RonS} tb?
[12:55] {nemo} Triple Bottom
[12:56] {nemo} then again so is Qs
[12:56] {RonS} does RIMM usually run into earnings...which are next week, i think.
[12:57] {nemo} yeah, then they upod guidance and it tanks
[12:59] {dino} back in 30 or so
[13:01] {Threei} serious panic PALM
[13:01] {Threei} there is no "usually" Ron
[13:02] {magoo} yea..agree w/vad..ive seen rimm sell off into earnings too
[13:02] {strider} RIMM 'usually' kicks my butt when I trade it.
[13:02] {nemo} you got one of those "donut" pillows strider?
[13:03] {strider} Donuts are not especially tasty after you sit on them.
[13:04] {nemo} ahhhh....mmmmhhhh....o.k....nevermind
[13:04] {strider} gotta go...back before close, I think.
[13:04] {nemo} have a nice weekend if you're not
[13:04] {strider} thanks. you too.
[13:04] {gen} x
[13:04] {Threei} (US) Fed spokesperson: reviewing court order to turn over documents related to discount window lending; considering options including appeal
[13:04] {Threei} - earlier today two separate appellate courts ruled the Fed must make public documents related to individual borrowing from its discount window and other lending programs.
[13:04] {nemo} you're GenX
[13:05] {nemo} interesting on the 5 minute gen
[13:06] {gen} yep
[13:06] {nemo} tis is where Vad says, a little consolidation and then break of .06
[13:07] {gen} it's close
[13:07] {nemo} having put words in Vad's mouth, it looks strikingly like the spy over the last hour
[13:08] {nemo} you have resistance in the .10-.12 area
[13:10] {Les} somx dies a bloody death
[13:12] {Threei} such is life of momos
[13:12] {Threei} when air is out, they drop to the ground
[13:12] {magoo} yea.09 cent stopnot so bad now
[13:17] {gen} x out +.10
[13:17] {Les} gj
[13:17] {nemo} kewl
[13:18] {nemo} thinking fcx short, it's volumely challenged at this peak
[13:18] {nemo} high is .27
[13:18] {nemo} not sure about trigger
[13:29] {dino} back
[13:32] {Threei} wow
[13:32] {nemo} well
[13:32] {jfjf64} ????
[13:32] {Threei} what the deuce was that
[13:32] {nemo} where?
[13:32] {Threei} PALM
[13:39] {jfjf64} amzn s .79
[13:42] {jfjf64} not this time
[13:43] {dino} cru getting crushed
[13:43] {Les} all out of airline shorts and off to a restaurant with family
[13:44] {Les} this is the first solid green week since you've got back from Bahamas
[13:44] {dino} gj les
[13:44] {Les} this time, with momo and extreme contrarian plays incorporated into strategy
[13:44] {Les} a good week. bye all. ty vad
[13:45] {jfjf64} enjoy les
[13:45] {fernp} gj les
[13:45] {Les} c u's for punching in time monday
[13:47] {fernp} QQQQ .40 breakdown interesting
[13:48] {Threei} take care les
[13:49] {nemo} .38 is S3 support for Qs, and 115.95 is S3 support (now resistance) for daily pivots. We probably won't get much more motion down today
[13:49] {nemo} at least on those
[13:49] {fernp} true
[13:49] {nemo} 115.95 on spy...sorry
[13:51] {jfjf64} great week guys all enjoy see ya monday
[13:52] {fernp} bye jf
[13:52] {Threei} take care jf
[13:54] {dino} cya jf
[14:01] {Threei} crap
[14:02] {Threei} had a strong feeling SOMX was .50 break long
[14:04] {Threei} Market Internals update at 2:00pmET
[14:04] {Threei} - NYSE volume 1.03B shares, about 70% above its three-month average; decliners lead advancers by 4.1:1.
[14:04] {Threei} - NASDAQ volume 1.89B shares, about 38% above its three-month average; decliners lead advancers by 2.8:1.
[14:04] {Threei} - VIX index +5.75% to just over 17.50
[14:05] {fernp} have a good weekend everybody. See you all on monday
[14:05] {Threei} have a good one fern
[14:05] {dino} tam drop
[14:05] {dino} cya fern
[14:06] {dino} tam drop
[14:10] {dino} bpt
[14:11] {gen} bye all
[14:11] {Threei} tak care gen
[14:11] {gen} was a good day
[14:11] {Threei} good to hear
[14:11] {gen} :)
[14:11] {dino} cya gen
[14:15] {dino} chk closing in on hod
[14:20] {dino} bam
[14:21] {Threei} (GR) EU's Barroso: EU members must come to agreement on a "standby" aid package for Greece as soon as possible
[14:21] {nemo} standby
[14:22] {Threei} but Greece didn't request any
[14:22] {dino} chk to .11
[14:23] {dino} to .16
[14:24] {dino} to .20
[14:26] {nemo} You riding it unless it pulls below trend line?
[14:26] {dino} hard stop
[14:26] {dino} out .20, +.70
[14:29] {RonS} gj dino
[14:29] {dino} ty ron, saved my day
[14:33] {Threei} PALM is aiming for new lows it seems
[14:33] {Threei} test of 4 and probably below is most likely
[14:47] {nemo} see chk dino, pulled back to trend and kept going
[14:48] {dino} nice read on it
[14:49] {nemo} just notice strong uptrend stocks that seem immune to the indices tend to do that
[14:50] {nemo} then again, if it were saving my day, I'd have been out alot earlier :)
[14:50] {dino} lol
[14:50] {dino} road fl on it
[14:50] {nemo} fl?
[14:50] {dino} full lot
[14:51] {nemo} oh, breathing into the towel?
[14:54] {dino} dsw back to 5 day support
[14:55] {nemo} fdx back into support
[14:56] {RonS} js offerring support
[14:57] {dino} mkt dropping
[15:01] {dino} back in 10
[15:08] {Threei} SOMX deep pullback
[15:10] {dino} yeah
[15:15] {Threei} Monday should be more normal
[15:15] {nemo} ?
[15:16] {Threei} well... whatever the normal is these days
[15:19] {Threei} Market Internals update at 2:00pmET
[15:19] {Threei} - NYSE volume 1.03B shares, about 70% above its three-month average; decliners lead advancers by 4.1:1.
[15:19] {Threei} - NASDAQ volume 1.89B shares, about 38% above its three-month average; decliners lead advancers by 2.8:1.
[15:19] {Threei} - VIX index +5.75% to just over 17.50
[15:20] {magoo} so first pullbk in 9 days on big volume
[15:20] {Threei} I know I posted 2 pm already,
[15:20] {Threei} just want it cloer to next update in 10 min
[15:20] {Threei} so compare
[15:20] {Threei} I don't know if volume comparison means anything here mags
[15:21] {nemo} op ex
[15:21] {Threei} mutliple witching day is a factor
[15:21] {dino} indeed
[15:22] {dino} for the last year volume hasn't really mattered
[15:22] {magoo} oh..thats right...the ole triple witches from macbeth
[15:22] {nemo} I was just thinking about that
[15:22] {Threei} must have hurt
[15:22] {nemo} that sucked
[15:22] {Threei} thought so
[15:23] {nemo} no, your comment
[15:23] {Threei} ah
[15:23] {Threei} then I strongly disagree
[15:23] {Threei} and even take severe umbrage
[15:24] {magoo} vad...u bozzing this weekend?
[15:24] {Threei} not really... why?
[15:24] {magoo} i am
[15:24] {magoo} dont like drinkin alone
[15:24] {Threei} and there is no one closer?? :)
[15:25] {RonS} lol
[15:25] {Threei} come on, it can't be that bleak
[15:25] {magoo} just thought if i was in the area, look u up
[15:26] {Threei} I just looked at the map, to estimate distance
[15:26] {Threei} wow
[15:26] {Threei} how much do tyou have to drink to accidenatlly wander THAT far?? :)
[15:27] {RonS} Sometimes too much to drink is barely enough.
[15:27] {RonS} Mark Twain
[15:27] {Threei} lol
[15:27] {Threei} alcohol in small doses is harmless in any quantity
[15:27] {Threei} Michael Zvanetsky
[15:27] {nemo} define small dose?
[15:28] {dino} 12 pack
[15:28] {magoo} in one sitting
[15:30] {RonS} "We, the undersigned, recognizing the evils of drunkenness and resolved to check its alarming increase, with consequent poverty, misery and crime among our people, hereby solemnly pledge ourselves that we will not get drunk more than four times a year, viz., Fourth of July, Muster Day, Christmas Day, and Sheep-Sheering." - Massachusetts temperance societies,
[15:31] {nemo} drunkeness and sheep...oy vay
[15:31] {Threei} Market Internals update at 3:30pmET
[15:31] {Threei} - NYSE volume 1.18B shares, about 50% above its three-month average; decliners lead advancers by 3.6:1.
[15:31] {Threei} - NASDAQ volume 2.19B shares, about 24% above its three-month average; decliners lead advancers by 2.4:1.
[15:31] {RonS} Montana: where men are men, and sheep are nervous.
[15:32] {Threei} here comes PALM
[15:32] {dino} lol
[15:32] {nemo} honest officer, I was just helping the sheep over the fence
[15:32] {Threei} scalp type I... short 5K 4.12, covered 4.02
[15:33] {magoo} i like that call
[15:33] {magoo} i wish ud put them up more "5k for a dimer"
[15:34] {magoo} 4 a day...RICH RICH RICH :)
[15:36] {Threei} 14:33] {Threei} test of 4 and probably below is most likely
[15:38] {magoo} out TY
[15:38] {magoo} .98
[15:38] {Threei} :)
[15:38] {magoo} DONE
[15:39] {magoo} have good weekend all
[15:39] {Threei} I actrually did that 5 K trade
[15:39] {Threei} let me post a screenshot if want
[15:39] {magoo} me three
[15:39] {Threei} have a good one mags
[15:39] {magoo} er um two, duh, also
[15:40] {nemo} Monday likely snap-back
[15:42] {Threei}
[15:51] {Threei} Closing Imbalances: Mixed (reminder: today is quadruple witching)
[15:51] {Threei} - 1.9M sell imbalance in CAR
[15:51] {Threei} - 1.3M sell imbalance in CNO
[15:51] {Threei} - 3.1M sell imblance in GNW
[15:51] {Threei} - 1M sell imbalance in PAG
[15:57] {Threei} okay guys and gals
[15:57] {Threei} thank you all
[15:57] {Threei} have a great weekend
[15:57] {nemo} cya
[15:57] {Threei} see you on Monday
[15:57] {dino} out dvn +.098
[15:57] {dino} out csx +.10
[15:58] {Threei} hopefully PALM doesn't just gap to 0
[15:58] {lasertrev} have a good weekend all
[15:58] {larisa} bye all :)
[15:59] {dino} cya laser. larisa
[16:00] {dino} calling it a week. thx all