Tuesday, March 23, 2010

Mar 23 2010

Pretty much repetition of yesterday - profitable day with a long period of inactivity or small discretionary scalps. RCL short was the best trade early in the morning; the rest mostly came out to scalps. Yesterday's forecast about climb up continuing got confirmed for today; DOW 11K is within easy reach now, and seems inevitable.

Session Time: Tue Mar 23 00:00:00 2010

[08:41] {Threei} WAG Exec: Expects the Health Care bill to impact business: will provide more detail on effects in the future (35.33, 0.00, 0.00%)
[08:51] {Threei} *(CA) CANADA FEB LEADING INDICATOR M/M: 0.8% V 0.9%E; ninth straight month of increases
[08:51] {Threei} - Prior MoM revised lower from 0.9% to 0.7%
[08:52] {Threei} die frikin loonie
[08:53] {Threei} Baidu.com Goldman Sachs Raises price target to $675 from $575; maintains Buy rating
[08:53] {Threei} - Believes Googles move to Hong Kong will benefit Bidu, by capturing 33-75% of google.cn's traffic.
[08:53] {Threei} - This could capture 50% of google.cn's revenue.
[08:55] {_shorty} Good morning
[08:55] {Threei} shorty :)
[08:55] {Threei} (GR) Reportedly German official: EU will not decide on Greek aid at thiss week summit
[08:55] {Threei} (US) US Treasury confirms US and China to hold annual strategic and economic meeting in late May (related USD/CNY FXI )
[08:56] {nemo} I'll call him VC for short (pun intended)
[08:57] {nemo} dude
[08:58] {ese} morning
[08:58] {ese} dude.......
[08:58] {Threei} nemo, ese :)
[08:58] {strider} morning everyone.
[08:59] {ese} st
[08:59] {Threei} strider:)
[08:59] {strider} :)
[09:06] {Threei} TOMO Study Reveals TomoTherapy(R) Technology Plays Key Role in Enabling Concurrent Chemo-Radiation Treatments for Lung Cancer (3.75, 0.00, 0.00%)
[09:11] {dino} gm all
[09:11] {Threei} dino :)
[09:11] {dino} ugh, gas company jack hammering main street right outside my office
[09:12] {Threei} yikes
[09:12] {ese} morning dino
[09:12] {dino} loud
[09:12] {dino} :)
[09:13] {Les} getting rejected from discussions - how humiliating
[09:13] {Les} even the computers don't love me
[09:13] {Les} morning all
[09:14] {Threei} les :)
[09:14] {nemo} awwww...just ignore him, maybe he'll go away...:)
[09:14] {nemo} hi lari :)
[09:14] {Threei} what's with SQNM
[09:15] {Threei} all I see is
[09:15] {Threei} 07:21 SQNM Lazard Raised SQNM to Buy from Hold
[09:15] {larisa} gm :)
[09:15] {Threei} hardly deserves such gap
[09:15] {Les} ooh, pretty green camouflage skin
[09:15] {Threei} larisa :)
[09:15] {Les} larisa
[09:15] {larisa} nemo, vad, les :)
[09:15] {Les} what's on the menu Vad?
[09:17] {Threei} usual suspects
[09:17] {Threei} plus SQNM
[09:17] {Les} Dino, anything crossed your path?
[09:17] {Les} ty vad
[09:17] {dino} amsc, prgo
[09:17] {Les} ty
[09:17] {dino} np
[09:17] {dino} last day for me this week
[09:18] {strider} PRGO AMSC
[09:18] {dino} lol strider, see above
[09:18] {Les} hmm deja vu!
[09:18] {strider} PMI
[09:18] {_shorty} PRGO, was on msnbc, I think. up%
[09:18] {dino} heading towards nc tomorrow strider
[09:19] {_shorty} 5%
[09:19] {strider} really? Should I be concerned?
[09:19] {ese} ccl it's got that vad look with T&S going crazy
[09:19] {dino} indeed
[09:19] {strider} golfing at the coast?
[09:19] {dino} yes
[09:19] {ese} beat the street handily
[09:20] {RonS} gm all sqnm shows 19.4 mil short, 32% of float
[09:20] {Threei} ron :)
[09:20] {ese} ron
[09:20] {Threei} CCL had news
[09:21] {Threei} Carnival Reports Q1 $0.22 v $0.14e, R$3.1B v $3.1Be
[09:21] {Threei} - Q1 - Fuel price increased 80% to $497 per metric ton for Q1 2010 from $276 per metric ton in Q1 2009 and was higher than the December guidance of $474 per metric ton.
[09:21] {Threei} - Guides Q2 EPS $0.26-0.30 v $0.24e
[09:21] {Threei} - Guides FY10 $2.25-2.35 v $2.26e, Rev +$ v $14.4Be
[09:21] {dino} onty
[09:21] {Threei} - Since the start of the calendar year, booking volumes for the remaining three quarters are running ahead of the prior year with prices significantly higher than last year's discounted levels. At this time, cumulative advance bookings for the remainder of the year are in line with last year at higher prices.
[09:22] {Threei} 08:02 ONTY Confirms Merck Serono has temporarily suspended Phase III trials in Stimuvax
[09:22] {Threei} - Note: Merck Serono earlier announced the suspension
[09:23] {Threei} btw, look at RCL as sympoathy play with CCL
[09:23] {dino} nly div. cut
[09:24] {ese} hmmmm chart looks the same
[09:24] {RonS} sks short squeeze- 45 mil, 42% of float
[09:24] {ese} T&S not going as crazy vad
[09:26] {Threei} no, but it can be a follower, so CCL gives you a clue for the next move to use with RCL
[09:27] {RonS} dino, i think nly is div declaration, no?
[09:27] {Threei} let's observe to test that theory
[09:27] {Threei} CCL downticks a little presently
[09:27] {Threei} spiked two min ago
[09:27] {dino} real$ reporting cut of 10 cents
[09:27] {ese} yup
[09:28] {dino} from .75 to .65
[09:28] {RonS} ah
[09:28] {ese} am not likin the .12 spread though
[09:28] {jfjf64} morninall
[09:28] {Threei} RCL is tighter
[09:29] {Threei} and breaks 52 weeks high
[09:29] {Threei} jf :)
[09:29] {ese} jf
[09:30] {jfjf64} ese how italy
[09:30] {lasertrev} gm
[09:30] {ese} amazing
[09:30] {Threei} trev :)
[09:31] {Threei} RCL explosion
[09:31] {ese} damn rcl..........didn't get filled
[09:31] {Les} we missin the boat
[09:31] {dino} wfc to .68
[09:31] {Les} no pun intended
[09:31] {dino} whoa slip[page to .60, +.10
[09:31] {ese} went for linit order with the big spreads
[09:31] {fernp} Good morning everybody
[09:31] {ese} limit
[09:31] {Threei} fern :)
[09:32] {Threei} LVS, watching for pullback entry
[09:32] {Threei} closer to .70
[09:32] {nemo} support .64
[09:32] {Threei} .70 recross
[09:33] {Threei} if stays above .60
[09:34] {Les} palm squeeze
[09:34] {Threei} Short Setup: RCL .45
[09:34] {Threei} if stays under .60
[09:35] {nemo} rinse lvs
[09:35] {Threei} rinse?
[09:35] {nemo} or defacto rinse
[09:35] {Threei} it never triggered
[09:35] {nemo} o.k. we need another name for it
[09:35] {nemo} look
[09:36] {Threei} the name's invalidation
[09:36] {Les} .70 break with .60' stop
[09:36] {Les} ?
[09:36] {nemo} yeah, it bounced right at the 200 ma
[09:37] {Les} half out .80
[09:37] {nemo} lvs pullback
[09:37] {Les} and stopped 2nd half
[09:37] {dino} snda sm l .25
[09:40] {Threei} US) Preview: Feb Existing Home Sales due out at 10:00ET
[09:40] {Threei} **consensus expectation: 5.00Me v 5.05M prior
[09:40] {Threei} US) Preview: Jan House Price Index due out at 10:00ET
[09:40] {Threei} **consensus expectations: -0.8%e v -1.6% prior
[09:40] {Threei} US) Preview: March Richmond Fed Manufacturing Index due out at 10:00ET
[09:40] {Threei} **consensus expectation: 5e v 2 prior
[09:41] {dino} issi
[09:41] {nemo} big beat
[09:42] {Les} PMI acquiring vol.
[09:42] {ese} l flex .26
[09:42] {Threei} Short Setup: RCL .45
[09:42] {Threei} if stays under .60
[09:43] {Threei} not a scalp
[09:43] {Threei} partial out
[09:43] {Threei} 1:1, half out
[09:43] {Threei} stop to .51
[09:44] {Threei} bid 1/4 more under .20
[09:44] {Threei} 1/4 more out
[09:44] {Threei} .17
[09:45] {Threei} bid last portion under .10
[09:45] {dino} nice
[09:45] {Threei} stop b/e
[09:45] {nemo} missed it...had broke before I got it up on the screen
[09:45] {_shorty} nice
[09:45] {ese} out flex .24 -.03
[09:45] {ese} market went against me
[09:45] {dino} rino luv
[09:45] {Les} stupid not to chase rcl 3 cents
[09:46] {dino} snda stopped -.32
[09:46] {Threei} (GR) Austria Fin Min: Have not ruled out removing Greece from Eurozone
[09:46] {Threei} wow
[09:46] {Threei} that's harsh
[09:46] {nemo} this time it was stupid not to chase Les
[09:46] {nemo} never stupid not to chase
[09:46] {Les} yeh considering reward potential
[09:47] {nemo} hindsight
[09:47] {Les} took PMI for +.10 some consolation
[09:47] {dino} like getting kicked out of a golf match
[09:47] {Les} ?
[09:47] {Les} pray tell dino
[09:47] {dino} the greek news
[09:47] {Threei} them are fighting words eh
[09:47] {dino} indeed
[09:48] {Les} so Austrians speaking up for what Germans dare not say?
[09:48] {Threei} (SP) Spain PM Zapatero: Euro group must help Greece move forward and re-enforce economic goverance
[09:48] {nemo} home of Hayek and Von Mises
[09:48] {Threei} Salma??
[09:48] {nemo} yeah, really
[09:48] {Threei} lol
[09:49] {nemo} one of my all time favs
[09:49] {Threei} ugh
[09:49] {Threei} one thing I am kicking myself for
[09:49] {Threei} INCY .45 break
[09:49] {Les} oh right. found your hayek. not an economic intellectual I see
[09:49] {nemo} who cares
[09:49] {Les} evidently not you
[09:50] {Threei} not me either
[09:50] {Threei} me shallow
[09:50] {nemo} regarding Salma that is, have a library full of Hayek
[09:50] {dino} hottie
[09:50] {Threei} INCY starts looking like one ot them slow climbers of a salmon type
[09:51] {Threei} see if gives a pullback for entry and hold for a bigger move
[09:51] {RonS} incy 46% of float short
[09:52] {Threei} pullback under .60, as close to .50 as you can get
[09:52] {Threei} ty Ron
[09:52] {RonS} np
[09:52] {Threei} break of .45 was no brainer...
[09:52] {Threei} I missed it, and then wasn't sure about pullback into it
[09:52] {Threei} which was unforgivable miss of entry
[09:53] {Threei} PEIX Strength attributed to positive comments from Stansberry (timing uncertain) (2.14, +0.20, 10.31%)
[09:53] {Threei} gosh, PEIX isn't delisted yet
[09:54] {ese} back L again seed .08
[09:54] {ese} by the way took at _.06 loss in seed at the end of the day yesterday
[09:55] {ese} -.06
[09:55] {Threei} that's not a loss
[09:55] {Threei} that's a, umm, tribute to gods of uncertainty
[09:55] {ese} lol
[09:55] {Threei} view it as a sacrificial chicken
[09:55] {Les} knowing ese's share size, that be damn big sacrificial chicken
[09:56] {Threei} my bet is, he doesn't play a lot on SEED
[09:56] {ese} ya was into it for 5k
[09:56] {Les} I was actually long with you yesterday ese
[09:56] {Threei} see? miniscule
[09:56] {Les} prgo 55
[09:56] {Threei} come on INCY, let us in
[09:57] {ese} 2.5 then 2.5 avg at .08
[09:57] {ese} how did you do with it las
[09:57] {ese} les
[09:57] {Threei} Long Setup: LVS .40
[09:57] {Threei} if stays above .30
[09:58] {dino} tyie vol. spike
[09:58] {dino} tie
[09:58] {Threei} (GR) Reportedly German CDU member has stated that France would need to go it alone were it to support Greece
[09:58] {Threei} - Has asked Chancellor Merkel to resist calls to provide aid for Greece at EU meetings later in the week
[09:59] {Les} good call. Sarkozy so weak, he would be crucified in federal elections if he did that
[09:59] {dino} chyk gap fill nov/dec
[09:59] {dino} chk wow can't type
[09:59] {Threei} ok someone, shoot me please for missing INCY
[09:59] {Threei} sorry dino... my fault... it's contagious
[10:00] {dino} grrrrr
[10:00] {Threei} US) FEB EXISTING HOME SALES: 5.02M V 5.0ME
[10:00] {Threei} US) JAN HOUSE PRICE INDEX M/M: -0.6% V -0.8%E
[10:00] {Threei} no worky LVS
[10:00] {fernp} stopped LVS
[10:01] {_shorty} STX
[10:01] {Les} stopped and reversed .30 lvs
[10:01] {Threei} nice
[10:01] {_shorty} missed it at 20.25
[10:02] {Les} incy
[10:02] {Threei} OK
[10:03] {Les} out lvs +.14
[10:03] {Threei} hunt's on for bottom of pullback
[10:03] {nemo} you short LVS les?
[10:03] {Threei} one more leg down, INCY
[10:03] {Les} was
[10:04] {nemo} lvs coming into maor suport
[10:04] {dino} rino stop to .49
[10:05] {dino} tighten
[10:05] {Les} SEED lost me 1 cent only ese. As 50 ma began pushing it down I pulled plug under 10
[10:05] {fernp} .60 break INCY?
[10:05] {Threei} don't like that
[10:06] {Threei} I'd prefer one more dive
[10:06] {Threei} into .50 or just below
[10:06] {Les} 50 ma .43 as support for incy
[10:06] {Threei} yes, like this, just a tad more
[10:06] {Threei} if market jumps up, .55 break is acceptable entry
[10:07] {Threei} if loses .50 , just get in on first strenght
[10:07] {Threei} keeping an eye on the market of course
[10:07] {Threei} .56 it is
[10:07] {Threei} stop for extreme scalpers under .50
[10:07] {Threei} for day traders under .45
[10:09] {ese} well...seed is more than making up for yesterday now les
[10:10] {dino} rino good girl too
[10:10] {Les} sigh
[10:11] {Threei} very nice one ese
[10:11] {ese} tks
[10:11] {Threei} pesky scalpers got 1:1
[10:11] {dino} oil green
[10:12] {ese} am looking for .78 on seed ....high from last friday
[10:13] {dino} sm l chk .15
[10:13] {Threei} stop to under .50 for everyone on INCY
[10:13] {Threei} minimize risk, in case it's done for the day
[10:14] {nemo} whoa cat
[10:14] {Les} I quit incy .59
[10:16] {Les} vphm
[10:18] {dino} out rino .03, +1.03
[10:18] {Threei} wtg
[10:18] {Les} wow
[10:18] {Threei} day traders got 1:1 INCY
[10:18] {dino} ty
[10:19] {Les} took incy again on .60 break for 2k. made a difference.
[10:21] {nemo} lvs holding support
[10:22] {dino} nly s .11
[10:22] {Les} inverted h&s developing lvs?
[10:23] {Threei} yes
[10:27] {Threei} Long Setup: LVS .25 if stays above .20
[10:27] {dino} jst sm l .50
[10:29] {Threei} EUR/CHF Cross hits lifetime low below the 1.4295 level
[10:29] {Threei} wow
[10:30] {Les} it can keep going, I want our holiday 30% off this summer :)
[10:30] {Threei} please my loonie with it too
[10:30] {_shorty} Kids fly free to Disney Land with westjet.:)
[10:31] {Threei} Market Internals update at 10:30ET
[10:31] {Threei} - NYSE volume 225M shares, about 8% below its three-month average; advancers lead decliners by 1.4:1.
[10:31] {Threei} - NASDAQ volume 545M shares, about 7% above its three-month average; advancers and decliners are about even.
[10:31] {Threei} - VIX index flat at just over 16.50.
[10:31] {fernp} FAS 94 break, Vad? is valid?
[10:32] {Threei} hard to tell fern
[10:32] {Les} l vphm .03
[10:32] {Threei} not sure
[10:32] {nemo} out lvs
[10:33] {magoo} hi guys
[10:33] {Threei} hey mags
[10:33] {Threei} hmmmm
[10:33] {Les} mags
[10:33] {dino} sllllllllaaaaaaaaappppppppp
[10:33] {Threei} WHRT Announces Levacor VAD Implant at the University of Utah
[10:33] {strider} Aaaaaahhhhhh!
[10:34] {Threei} Ventricular Assist Device (VAD)
[10:34] {Threei} okay then
[10:34] {Les} a bigger willy? alcohol resistant liver? what is it?
[10:34] {dino} lol
[10:34] {Les} oh, ok
[10:35] {_shorty} lol
[10:37] {Threei} Short Setup: CAT .75 break
[10:37] {Threei} if stays below .85
[10:38] {Threei} should be good for 1:2 if works
[10:39] {nemo} support at .64
[10:40] {dino} amsc to .99
[10:43] {nemo} 1:1 cat
[10:43] {Threei} 1:1
[10:43] {fernp} ty Vad
[10:43] {Threei} welcome sir
[10:43] {Threei} half out for me, and stop to .81
[10:43] {Threei} to b/e after losing .60
[10:43] {Threei} and second cover around 1:2
[10:47] {Threei} GR) Fitch: no need to cut ratings if markets are willing to lend at current/reasonable rates
[10:48] {Threei} BBB+ ratings may carry
[10:48] {Threei} - Do not expect to see aid deal for Greece and EU summit
[10:49] {Threei} markets to Fitch: aren't YOU supposed to tell us whether we should be willing to lend or not?
[10:49] {Threei} - Lack of decision on Greece at summit would not tirgger a downgrade if the IMF option is retained
[10:49] {Threei} US taxpayer: anyone cares to know what I think of IMF option?
[10:50] {dino} nmost likely same as me
[10:50] {Threei} done with second portion CAT
[10:55] {dino} ufpi drop, thin
[10:56] {dino} nly bstop to flat
[10:56] {dino} slow sucker
[10:56] {dino} ccme
[10:56] {dino} yuii hod
[10:58] {dino} cov nly +.01
[10:59] {dino} out amsc .97, +.47
[10:59] {Threei} beauty
[10:59] {Threei} trade, not dino
[10:59] {Les} i dunno
[10:59] {dino} :)
[10:59] {Les} starting to get obscene
[10:59] {nemo} ?
[11:00] {dino} jst not working tighten to .39
[11:00] {Les} these profits of dino
[11:00] {dino} just lucky
06[11:01] * nemo slaps dino around a bit with a large trout
[11:01] {dino} prgo hod area
[11:01] {Threei} BELM Latin America Division Signs Agreement With Dell (5.31, +0.03, 0.57%)
[11:01] {dino} nemo, prgo thoughts
[11:01] {dino} thinking break of .50 short
[11:02] {fernp} BK salmon, Vad?
[11:02] {Threei} Under the terms of the agreement, Bell Micro will distribute Dell laptops and netbooks to retailers and SMBs throughout Latin America.
[11:02] {Threei} - Dell products will be shipped from Bell Micro's Miami warehouse to Latin America. In the future, shipments are expected go directly from Dell's manufacturing facilities in China to Bell Micro's facilities in Chile and Brazil.
[11:02] {Threei} it is
[11:02] {Threei} nice looking one too
[11:03] {dino} snda sm l .01 last try
[11:03] {RonS} trannies lod
[11:03] {nemo} solid trendline currently at .50, volume continues to drop although volume spike into high was same as previous high
[11:04] {Les} ok. two shorts on CAT on its way down has put me ahead
[11:04] {dino} gj
[11:04] {Threei} how did you get behind?
[11:05] {Les} never was. but I'm like magoo
[11:05] {Les} I want mooooore
[11:06] {Threei} doctor, give me something to cure my greed... and give me more, more of that!
[11:06] {Les} don't laugh
[11:06] {nemo} prgo been bouncing of 50 ma also dino
[11:06] {Les} but am learning tao principles from Winney the Poo
[11:07] {Les} as author writes, life is fun (if we don't overthink it too much)
[11:07] {nemo} oh gawd
[11:07] {Les} am beginning to thoroughly enjoy myself here
[11:07] {Les} Nemo - not a word!
[11:07] {dino} hum dee dum les
[11:08] {Threei} oh come on Les, you know nemo is part of what you enjoy
[11:08] {nemo} yeah, it's enjoyable when I stop :)
[11:08] {Threei} lol
[11:08] {RonS} get the trout nemo
[11:08] {nemo} prgo held trendline dino
[11:08] {dino} see it, will wait
[11:14] {dino} prgo makes me thin of pasta
[11:14] {_shorty} lol
[11:14] {nemo} haha haha
[11:14] {strider} nobody gets thin from pasta.
[11:14] {nemo} Yeah, Prego and Chef Boyardee, two of the first commercial sauces
[11:15] {dino} carbs kill me
[11:15] {dino} sm l ufpi .50, wide
[11:15] {Les} making me fatter but I ain't complaining. Italy, yum
[11:16] {nemo} Only food I couldn't out eat my father-pasta
[11:17] {Les} prgo trying to catch some momo
[11:18] {dino} lol serious understatement
[11:18] {nemo} feel like going back to bed market so narrow
[11:19] {Threei} VVUS Hearing chatter of possible bid for rights to Qnexa (9.30, +0.39, 4.38%)
[11:26] {nemo} boy were we dumb dino (I know, speak for myself) look at the volume progression on tht prgo break above .60
[11:27] {nemo} the 2nd one
[11:28] {dino} yes
[11:34] {_shorty} It's like the market decided to stop.
[11:34] {Threei} Short Setup: AMZN half lot .50 break
[11:34] {Threei} if stays below .65 - .70
[11:35] {Les} out vphm +.12
[11:36] {magoo} i looks like long also vad if triggs past .65
[11:40] {nemo} wynn active
[11:40] {dino} ufpi stopped
[11:41] {dino} -.35
[11:42] {magoo} out .90 + .25, dont like going against our sen-sey
[11:43] {Threei} it never lost .50
[11:43] {Threei} triggered other way
[11:43] {Threei} so it's not against
[11:43] {_shorty} Stepping out, not that I have given a lot today to you guys. Be back in a couple.
[11:43] {nemo} don't trip over the rug shorty
[11:43] {Threei} (GR) German Chancellor Merkel: Could be "last resort" aid if Greece cannot access private credit
[11:43] {nemo} sorry...
[11:43] {_shorty} dang too late
[11:43] {nemo} not really..
[11:44] {_shorty} lol
[11:46] {dino} cya shorty
[11:47] {fernp} LVS .20 break, Vad?
[11:48] {dino} wow ufpi rinsed
[11:49] {Threei} doesn't really cooperate today fern
[11:49] {Threei} can't tell
[11:49] {fernp} ok
[11:51] {Les} been playing with VVUS. did myself damage by buying the b/o at .31 and not the pullback.
[11:51] {Les} I don't wanna friggin listen to ya vad
[11:51] {nemo} slow range bound market Les, almost always pullbacks
[11:52] {Les} would have come done nicely on .25 pullback. still, the experience makes a small loss ok
[11:53] {Threei} of course not... why would you listen to me when I say "do not buy breakouts on momentum movers, go for pullbacks instead" only what, 10,000 times... now if I said it 12,000 times - then of course...
[11:53] {nemo} you're paying tuition, with paper trading no less
[11:53] {nemo} you would have wasted 2000 more breaths
[11:57] {dino} lol
[11:57] {Les} oh belt up dino, you're too late
[11:57] {dino} the harvard education cost
[11:57] {Threei} he is on dialup Les
[11:57] {Les} oh
[11:57] {Threei} he reads your first joke when you finish third
[11:57] {dino} yeah, lol
[11:57] {KSystems} morning
[11:58] {Threei} KS :)
[11:58] {Les} hi KS
[11:58] {dino} noon here ks
[11:58] {Les} evening here
[11:58] {nemo} jeez KS, you workin' too hard
[11:58] {Threei} and when he types LOL he doesn't know yet that no one else laughed
[11:58] {nemo} dino has his own sense of humor
[11:58] {Threei} lucky him... I have none
[11:59] {nemo} mmmmmhhhh...Lari should be jumping in very soon
[11:59] {Les} lunchtime. a girl's gotta eat
[12:01] {Les} out NLY +.01 dino. didn't make .01 target I had for it.
[12:01] {Les} wow and it just popped
[12:03] {Les} looking at PRGO breaking below 56
[12:05] {ese} am still hangin L tie .94
[12:06] {ese} might be the wong time of day ....we'll see
[12:09] {dino} ufpi breakof .50 sm l
[12:10] {dino} gappy sucker careful
[12:10] {dino} prgo go go going, wow
[12:11] {nemo} it hit the 50 ma and took off
[12:11] {ese} you in prgo dino
[12:12] {dino} no
[12:13] {nemo} had that little DB and the ma, but no real volume indication on the turn
[12:13] {dino} scanners went solid green
[12:14] {ese} out 1/2 tie +.06 remainder stop to .95
[12:15] {dino} gj
[12:17] {ese} tks
[12:17] {Threei} ICXT Wins $3M SCADA Contract with the Tennessee Valley Authority (TVA)
[12:17] {Threei} - issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public... (7.44, +0.24, 3.33%) more...
[12:17] {Threei} - issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public power company in the United States, for remote terminal units (RTUs). TVA has selected the Callisto Edge from ICx as a small RTU to deploy throughout their supervisory control and data acquisition (SCADA) system.
[12:19] {ese} stopped remainder tie .95
[12:19] {Threei} VVUS quite impressive move
[12:23] {dino} givn
[12:25] {Threei} guys, anyone has Amazoin's Kindle?
[12:25] {strider} not me.
[12:26] {strider} I take it you do.
[12:26] {strider} I'd be interested in one, if they had the books I read.
[12:26] {dino} nope
[12:26] {strider} Which they don't.
[12:27] {Threei} I don't
[12:28] {strider} Personally, I don't see a future for those things.
[12:28] {Threei} am not interested
[12:29] {Threei} it's that amazon placed a link to Kindle edition of my book without my permission, I demanded they took it off,
[12:29] {strider} ah.
[12:29] {Threei} they said it's not available for buying anymore even if the page is still there,
[12:29] {Threei} but I can't check it since I am not a Kindle owner, and attempt to click on it tells me that I have no kindle account
[12:30] {nemo} cat testing highs in a jbe formation, kinda'
[12:38] {fernp} LINTA 15 break short, Vad?
[12:38] {Threei} worth a tgry
[12:38] {Threei} try
[12:38] {Threei} slow and narrow
[12:38] {fernp} ty
[12:38] {Threei} but I take it that's what you wnat
[12:39] {nemo} muy fern
[12:39] {fernp} 5c stop neno
[12:40] {nemo} si, muy fern
[12:40] {fernp} is attractive :-)
[12:40] {nemo} bonita?
[12:41] {fernp} yes
[12:41] {Threei} GOOG Chinese authorities have apparently made no move to cut off mainland access to Google's Hong Kong site - WSJ (595.81, +16.09, 2.78%) (related BIDU FXI )
[12:49] {Threei} 1:1 is coming
[12:49] {fernp} 1:1 LINTA took 15.00
[12:49] {fernp} ty vad
06[12:52] * KSystems slaps Threei around a bit with a large trout
[12:52] {Threei} hmmm
[12:52] {Threei} oh well
[12:52] {dino} dino seconds it w/ slllllaaaaaaaapppppppppppppp
[12:53] {Threei} lol
[13:06] {RonS} mpg momo
[13:07] {Threei} Maguire Properties, Inc. Reports Q4 FFO $0.03 v $0.04 y/y, R$119M v $108Me
[13:07] {Threei} - As previously announced, six special purpose property-owning subsidiaries are in default on their mortgage loans.
[13:13] {fernp} .70 KEG is valid breakout, Vad?
[13:14] {Threei} questionable
[13:14] {fernp} ok
[13:15] {Les} Vad whatdya think of SQNM for a type 1 .29 b/d?
[13:15] {Threei} (GR) German Chancellor Merkel: - Germany will only agree to an aid model that combines IMF and bilateral aid.
[13:15] {Threei} - Follow up 12:08ET: Reportedly Germany and France have agreed on a role for the IMF in Greek situation
[13:15] {Les} 50/200ma at .33 and coming down
[13:16] {dino} jst to .89
[13:16] {Threei} toughie Les... don't know
[13:17] {Les} ok thanks
[13:17] {fernp} and MJN .50 break, vad=
[13:17] {fernp} ?
[13:19] {Threei} a bit better looking than KEG
[13:19] {Threei} but still... 51/49
[13:19] {dino} to .02 jst
[13:19] {fernp} ok
[13:19] {Threei} don't you find it wierd
[13:19] {Threei} Germany and France have agreed on a role for the IMF in Greek situation
[13:19] {Threei} anyone asks IMF?
[13:20] {dino} imf has offered
[13:20] {Threei} really?
[13:20] {Threei} I missed that
[13:20] {dino} but technically it will be like iceland was a default
[13:21] {ese} gotta go all catch you tomorrow.......
[13:21] {Threei} take care ese
[13:21] {dino} cya es
[13:21] {ese} cya vad dino
[13:21] {fernp} FAZ .85 breakdown?
[13:22] {Threei} NEXM
[13:22] {Threei} NexMed Inc. Enters into Distribution Agreement for Japan
[13:22] {Threei} - wholly-owned subsidiary, Bio-Quant has signed a distribution agreement with Cosmo Bio Co., Ltd, under which Cosmo Bio will market Bio-Quants discovery and pre-clinical contract research services throughout Japan
[13:31] {dino} jst out .02, +.52
[13:31] {Les} sqnm
[13:32] {dino} ufpi to .97
[13:32] {fernp} MJN 1:1
[13:33] {dino} gj fern
[13:34] {Threei} yeah, fern goes into lunch period armed with penny-squeezing methodology
[13:35] {fernp} lol KEG one cent for 1:1
[13:36] {Threei} want to hear something very disturbing?
[13:36] {magoo} dino farting?
[13:36] {Threei} I am sure that IS disturbing but local - as in, limited to you as a disturbance :)
[13:36] {dino} hey!
[13:37] {dino} stingy time ufpi to .01
[13:37] {Threei} so, out of majority disliking current health care bill, big enough portion dislikes it because it's not liberal enough, to create majority if added to those who like it
[13:38] {Threei} meaning, if bill was much more left leaning, publick actually would have liked it more
[13:38] {dino} don't believe that at all
[13:38] {Threei} enough to give it overwhelming public support
[13:38] {dino} spin doctors at work
[13:38] {Threei} that's what breakdown of numbers says....
[13:38] {RonS} orwellian
[13:38] {nemo} Cosmo got a job?
[13:38] {Threei} those voting no answered additional question
[13:38] {Threei} about reasons for their no
[13:38] {dino} tie app hod
[13:39] {Threei} if it's true this country is finished ladies and gentlemen
[13:39] {nemo} well, it will at least go the way of England
[13:41] {Threei} AIG...
[13:43] {Threei} RMBS Expect long term annual revenue to reach $500M v $113M in 2009 - analyst day presentation
[13:43] {Threei} - may diversify through acquisition in non-semiconductor areas
[13:43] {dino} long term, like what 10 years
[13:43] {Threei} over the long term annual revenue goal, $300M to come in DRAM, $200M in memory controllers
[13:43] {Threei} - highlights currently in patent licesnse discussions with Elpida
[13:45] {dino} out ufpi ave .02, +.50
[13:50] {Threei} Long Setup: AIG .005
[13:51] {Threei} if holding above 33
[13:51] {RonS} .05?
[13:51] {Threei} yes
[13:59] {fernp} no go AIG
[13:59] {Threei} ??
[13:59] {nemo} it didn't trigger before it invalidated
[13:59] {fernp} i know, it was invalidated
[14:00] {fernp} but i tried w stop under .97, my fault
[14:00] {nemo} that's why vad had the "??" after your no go comment
[14:00] {magoo} mkt killed setup
[14:00] {Threei} Market Internals update at 2:00ET
[14:00] {Threei} - NYSE volume 545M shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.
[14:00] {Threei} - NASDAQ volume 1.44B shares, about 6% above its three-month average; advancers lead decliners by 1.1:1.
[14:00] {Threei} - VIX index -1.25% to just over 16.50
[14:00] {Les} out +.15 sqnm 3k. oooh I like those numbers
[14:01] {magoo} i like the set up here
[14:01] {magoo} if triggs
06[14:02] * magoo slaps Les around a bit with a large trout
[14:02] {magoo} how u like THAT?
[14:02] {Les} I didn't jinx it!
[14:03] {Threei} (US) US Treasury Pay Czar Feinberg trims pay for 2010 by 15% y/y for AIG, GMAC, Chrysler executives
[14:05] {Threei} - cash compensation will be kept below $500K
[14:05] {Threei} - sends request on pay data for top 25 executives at the 419 firms that received TARP funds during period that encapsulates the 2008 end of year bonus season
[14:06] {Threei} reminds me an ancient joke from the 1917 revolution times... "Bolsheviks fight to eliminate rich people! - Hmm...I'd think let's fight to eliminate poor ones..."
[14:08] {nemo} is aig back on?
[14:08] {Threei} not by me
[14:10] {magoo} in
[14:10] {magoo} .40 area
[14:10] {fernp} this time yessss
[14:10] {nemo} yeah, it was a little inverted H&S
[14:10] {fernp} out AIG
[14:11] {magoo} one more leg palease
[14:11] {nemo} not lookin' good dude
[14:12] {fernp} in WCRX .21
[14:12] {fernp} .14 stop
[14:12] {nemo} cat
[14:13] {fernp} 1:1 WCRX
[14:18] {magoo} [14:12] {nemo} not lookin' good dude
[14:18] {Threei} he mant to say "not good looking dude" mags
[14:18] {magoo} waiting .40 area
[14:18] {Les} sqnm hod
[14:19] {nemo} where's your stop mags
[14:19] {Threei} HRLY Hires advisor to explore strategic opportunities (update) (14.93, +0.79, 5.59%)
[14:21] {nemo} rimm had a good day
[14:22] {magoo} 33.05.
[14:22] {magoo} flat
[14:23] {magoo} im gonna regrett this exit
[14:23] {Les} GS db?
[14:23] {magoo} .67 probably
[14:25] {Les} aapl momo
[14:25] {magoo} wow, how u like dem dare aapl's
[14:33] {Threei} 49% Support State Lawsuits Against Health Care Plan
[14:34] {magoo} thats because 49% of adult us population is/are lawyers
[14:35] {Threei} A number of states, including Texas, Pennsylvania, Virginia and Washington, have already announced plans to sue the government over what they view as an unconstitutional requirement that every American buy or obtain health insurance.
[14:35] {Threei} Seventy-two percent (72%) of Republicans and 58% of voters not affiliated with either major party favor such lawsuits. Sixty-five percent (65%) of Democrats are opposed.
[14:38] {Threei} RCL Update: Price Target raised to $35 from $30 at BofA/Merrill Lynch, maintains Buy rating (33.12, +1.69, 5.38%)
[14:41] {Threei} US Senator's Schumer and Graham: China remains a currency manipulator
[14:41] {RonS} State suits are a sideshow. This is the crux: http://seekingalpha.com/article/172322-the-fatal-flaw-in-healthcare-reform
[14:41] {Threei} {China} me? me?? You... you.. YOU MANIPULATOR! There!!
[14:42] {RonS} Claude Rains: I am shocked, shocked there is gambling in this establishment!
[14:42] {nemo} Of all the gin joints
[14:43] {RonS} right after..."Here are your winnings from this evening, inspector."
[14:43] {Threei} yeah Ron, I posted simoilar link yesterday
[14:44] {Threei} that's something that can destroy not just new system but old too
[14:44] {RonS} sorry, must have missed it...
[14:44] {RonS} ...yep, I am contemplating this for my own situation...
[14:46] {RonS} ...may be fait accompli as rates skyrocket. I think the upshot of this will be more uninsured. Then will come toatal takeover, which has always been the plan.
[14:47] {Threei} and the way it's going to be justified will be:
[14:47] {dino} ironically, medicare and medicaid are already going bankrupt, lets add another guanteed loser
[14:48] {Threei} see, we told you capitalism doesn't work in health care, and insurance companies are evil; you resisted so we gave them another chance, now they proved it doesn't work, so we are back to publick option
[14:48] {Threei} beauty, politically wise...
[14:48] {RonS} ...and...hey we need a VAT tax to pay for it...
[14:48] {Threei} design a system dead on aiirval, wait till it dioes, use it as a prove you need another
[14:48] {dino} low dollar deductibles/copays will bankrupt this quick. msa was the only reasonable chance to make it work
[14:49] {nemo} yes, but it's a "right" now and people will use as much of anything when it's "free"
[14:50] {dino} thats my point, no skin in the game so they will abuse it
[14:53] {Threei} destroyong it in the process
[14:53] {nemo} that's likely the desired outcome
[14:54] {nemo} the Alinsky model
[15:02] {dino} back in 10
[15:02] {_shorty} So what stock is the one to watch for end of day?
[15:02] {nemo} the one you're not watching
[15:03] {Les} aig closing in on 33
[15:03] {Threei} SQNM, probably
[15:03] {_shorty} that is the truth nemo
[15:03] {nemo} mags, you still in aig?
[15:03] {_shorty} thanks Threei
[15:04] {_shorty} Entry of 6.56 Threei, give or take a penny}
[15:04] {_shorty} ?
[15:05] {Les} sqnm now under 50ma. I'd be happier with pullback to 200ma at .43
[15:05] {nemo} Qs about to break?
[15:05] {Threei} I don't have a setup for it
[15:05] {Threei} just keeping it on radar in case it forms one
[15:06] {_shorty} Thanks. Should be ordering your training vid soon Threei.
[15:06] {Threei} wait, let me erase the one where magoo and I perform rain dance in tutus...
[15:07] {_shorty} Hugh
[15:07] {_shorty} ?
[15:07] {nemo} that was HORRIBLE
[15:07] {Les} I think magoo was kinda cute ;)
[15:08] {_shorty} Why would you do a rain dance when you live in Victoria Threei?
[15:08] {nemo} fas momo
[15:08] {Threei} because we were dead drunk and pretended we lived in Sahara
[15:08] {Les} gs
[15:08] {_shorty} lol
[15:09] {nemo} How's anybody gonna' prove it didn't work?
[15:09] {Les} ask the weather bureau for data
[15:09] {Threei} remember I gave my general market outlook yesterday?
[15:09] {nemo} boy that was out of nowhere
[15:10] {magoo} AIG
[15:10] {nemo} moth brain
[15:10] {magoo} what was it vad?
[15:10] {Threei} http://tradinglog.realitytrader.com/2010/03/mar-22-2010.html
[15:10] {Threei} 12:26
[15:10] {RonS} ...nutshell...blowoff top...
[15:10] {Threei} well... in the future
[15:11] {Threei} for now, slow grind up continues
[15:11] {_shorty} You did call it.
[15:11] {Les} long gs 174 small shares
[15:11] {nemo} how's the shoulder?
[15:11] {Threei} it's far from over
[15:11] {nemo} yeah
[15:12] {magoo} ah..just read it
[15:12] {nemo} quietest 50-70 point days on the DOW
[15:12] {Threei} smell of roasted bear meat will linger for a looong time
[15:12] {_shorty} lol
[15:12] {nemo} I don't like bear meat
[15:12] {nemo} caribou, moose, elk, deer....not bear
[15:12] {_shorty} I wont be here tomorrow, will out of town. I will miss this chat room already.
[15:13] {nemo} ahhh......nevermind
[15:15] {Les} show you really love us shorty and lose the _ from your name
[15:15] {nemo} in your specific case, Les...aren't you asking an awful lot?
[15:16] {_shorty} I will, trust me.
[15:17] {Les} you could be a presidential candidate, with one liners like that
[15:17] {_shorty} It is time for change Les.
[15:17] {Les} see what i mean
[15:17] {_shorty} SQNM up
[15:18] {_shorty} I would give you guys Ralph bucks too
[15:18] {_shorty} I am from Alberta
[15:18] {Les} France?
[15:19] {nemo} too funny, fas hit old support trendline and stopped
[15:22] {nemo} this climb is with the $ up also
[15:23] {nemo} volumes dropped quick on spy and Qs
[15:25] {Les} out GS +.68
[15:25] {nemo} hey fern, faz might be ready
[15:27] {dino} gj les
[15:28] {Les} like Vad said. if we know they're manipulating, ain't no reason we can't profit from it. I wanna thank whoever saw FAS going momo
[15:29] {Les} it's paper only, but today is first time hitting $500
[15:31] {_shorty} SQNM long 6.68
[15:31] {_shorty} Exit at 6.62-.63
[15:31] {nemo} ?
[15:32] {Les} I think shorty means stop
[15:32] {_shorty} Yes my stop, I try to call out my exit plan first.
[15:33] {nemo} re-read your comments
[15:33] {_shorty} I need to work on my profit plan next.
[15:33] {nemo} do you mean your stop was .62-.63?
[15:33] {_shorty} yes
[15:33] {Les} lol, you like to know where the emergency exits are 1st when you get on an aeroplane?
[15:33] {nemo} ahhh
[15:33] {_shorty} sorry for not be specific nemo,
[15:33] {Threei} hard to tell...
[15:34] {Threei} it's a bit too slow and narrow
[15:35] {_shorty} Les, lol I do.
[15:35] {Les} must be just me. eyes on the airhostess and alcohol selection... exits are for ...
[15:35] {_shorty} lol
[15:35] {Les} ... smart people
[15:35] {_shorty} I am already drunk by the time I hit my seat.
[15:35] {Threei} Fed's Yellen: inflation pressures are low and trending downward
[15:36] {Threei} affirms 3.5% GDP growth for 2010; 2011 estimated at near 4%
[15:36] {Threei} - now not the time to tighten rate policy; supportive when it is appropriate
[15:36] {Threei} with comments like this, how can market drop
[15:36] {Les} you're right though, vad has taught me to set stop first. just making some bad comedy...
[15:37] {nemo} also, where else you gonna' put your money? treasuries? real-estate? money market?
[15:37] {Les} strong positive growth, no tightening. sounds good.
[15:37] {_shorty} I like the comedy, no worries Les.
[15:37] {RonS} yellin sends the market screamin' ?
[15:37] {nemo} gag
[15:38] {_shorty} Did I make you gag nemo?
[15:38] {Threei} - balance sheet will be reduced over time; asset sales may come after interest rate hikes
[15:38] {Threei} - not concerned about possible inflation from the deficits
[15:38] {Threei} - labor market is in the process of stabilizing, but concerned about possibility for high unemployment for 'years' with output gap persisting to 2013
[15:39] {nemo} Oh look, another market climb on low volume...what a surprise
[15:40] {Threei} sees year end 2010 unemployment at 9.25%.
[15:40] {Threei} - inflation may fall in 2010 and 2011
[15:40] {nemo} ex food and oil of course
[15:40] {_shorty} Out SQNM
[15:41] {RonS} ...and insurance...and taxes...and...
[15:49] {Threei} PALM lost all tradeability
[15:49] {Threei} I hoped this thing would continue wild price swings
[15:50] {Threei} with its liquidity would be fantastic candidate for large lot trades
[15:50] {Threei} at some point likley to become active of course
[15:51] {nemo} we should clear 11k on the dow sometime this week
[15:51] {Threei} 115 points left
[15:51] {Threei} it's nothing
[15:51] {_shorty} The power went out in my house.
[15:51] {larisa} we will not!
06[15:51] * Threei dusts off DOW 11,000 party hat
[15:52] {nemo} wouldn't doubt tomorrow or Thursday at the latest
[15:52] {Threei} we so will larisa
[15:52] {nemo} more important...DOW 11k Vodka bottle
[15:52] {nemo} full, preferably
[15:54] {Les} alright, sleepy time for me.
[15:54] {Les} good day. ciao
[15:54] {Threei} take care les
[15:54] {_shorty} See you friday Les
[15:54] {dino} cya les
[15:55] {_shorty} Thursday
[15:57] {_shorty} Good night all, and thanks. Talk to you guys on Thursday.
[15:57] {dino} out chk +.10
[15:57] {Threei} take care shorty
[15:57] {nemo} Oh, don't forget, if the IMF (US) ends up bailing out Greece we may see new all time highs on the DOW
[15:57] {dino} cya shorty
[15:57] {_shorty} You as well Threei. Look forward to your course.
[15:57] {Threei} larisa... feeling like a bet?
[15:58] {dino} i'm out until monday all, good luck
[15:58] {Threei} everything's OK dino?
[15:58] {larisa} bye dino :)
[15:58] {dino} ty
[15:58] {dino} yes 3i, golf trip
[15:58] {dino} very good two days
[15:58] {Threei} cool have fun
[15:59] {Threei} Fed releases final rules on gift cards aimed at consumer protection
[15:59] {Threei} - The final rules prohibit dormancy, inactivity, and service fees on gift cards unless: (1) the consumer has not used the certificate or card for at least one year; (2) no more than one such fee is charged per month; and (3) the consumer is given clear and conspicuous disclosures about the fees. Expiration dates for funds underlying gift cards must be at least five years after the date of issuance, or five years after the date when funds were last loaded.
[15:59] {dino} out snda -.35
[16:00] {Threei} XNPT Board approves CEO's request to trim his salary by 15% - filing (13.00, +0.16, 1.25%)
[16:00] {Threei} lol
[16:00] {larisa} bye all
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:02] {fernp} Good evening everybody. See you all tomorrow
[16:02] {nemo} Noches