Wednesday, March 24, 2010

Mar 24 2010

Most plays were on a scalp side, with just couple reaching 1:2 risk/reward, but nicely profitable, with trades on both long and short side.

Session Time: Wed Mar 24 00:00:00 2010

[04:56] {KSystems} hey...that typo in the topic, do you want to keep it?
[08:13] {Threei} US) Preview: Feb Durable Goods Orders & Durables Ex Transportation data expected at 8:30am ET
[08:13] {Threei} - Durable Goods: Expected at 0.6%. The prior number was 3.0%
[08:25] {Threei} (GR) German Gov't: Do not expect Greece statement at EU Summit
[08:26] {nemo} lvs active
[08:26] {Threei} yes but PARD is halted
[08:28] {nemo} adbe could be interesting this morning
[08:30] {Threei} *(US) FEB DURABLE GOODS ORDERS: 0.5% V 0.6%E; EX-TRANSPORTATION: 0.9% v 0.6%E
[08:32] {strider} GENZ halted
[08:33] {Threei} Genzyme Corp Halted; FDA takes enforcement action regarding Allston plant, notes that Fabrazyme shipments will not be interrupted by move
[08:33] {Threei} - The FDA notified the company yesterday afternoon that, while the agency recognizes Genzymes efforts, it intends to take enforcement action to ensure that products manufactured at the plant are made in compliance with good manufacturing practice regulations. The FDA enforcement action will likely result in a consent decree, under which a third party would inspect and review the plants operation for an extended period and certify compliance with FDA regulations. Under a consent decree, Genzyme also would be required to make payments to the government and could incur other costs.
[08:40] {Threei} Spot gold tests fresh one-month lows below 1,090/oz
[08:51] {Les} morning.
[08:51] {Threei} Les :)
[08:52] {Les} wow Vad, I'm impressed. Didn't realise how early you got up for us
[08:52] {Les} that's dedication
[08:52] {Threei} maybe I'll get more appreciation now
[08:52] {Les} nah
[08:52] {Threei} fair enough
[08:52] {nemo} have more of the day to yourself after
[08:53] {Les} I used to get up at that time...
[08:53] {Les} for a burger flippers wage
[08:53] {Threei} what clued you in Les? Looked at the map finally?? :)
[08:53] {nemo} hehehehe
[08:53] {Les} yeh we haven't changed time yet. was curious as to who was what and where
[08:53] {Les} this sunday
[08:54] {Les} sorry, your joke like water off a duck's back...
[08:54] {Les} what's on the menu?
[08:55] {Threei} SQNM
[08:55] {Threei} ADBE
[08:56] {Threei} and I was fully intending to trade PARD a lot this morning but it's halted :(
[08:56] {Les} what's the story?
[08:56] {Threei} no idea
[08:56] {Threei} oh wait
[08:57] {Threei} Poniard Pharmaceutical Provides Strategic Update on Picoplatin Development Program (halted); Cuts jobs, engages advisor for strategic alternatives
[08:57] {Threei} the Company has decided to suspend its efforts to obtain regulatory approval for picoplatin
[08:58] {Threei} but it doesn't really matter
[08:58] {Threei} that was just a joke... who cares about PARD
[08:59] {ese} wwwwwOOAAhhhhh WWWWoooooaaaaaHHHHHH morning...gotta tell ya...the value of a hot before trading cannot be over estimated
[08:59] {ese} hot tub
[09:00] {ese} am real laid back now.......pressure won't affect me no sir
[09:00] {Threei} VPHM Announces Acceptance of Cinryze(TM) (C1 Esterase Inhibitor [Human]) Marketing Authorization Application (MAA) by European Medicines Agency (EMA
[09:00] {Threei} ese :)
[09:01] {ese} hhhhhEEEEEyyyyyy HHHHeeeeeYYYY vad
[09:01] {Les} morning ese, I use scotch
[09:01] {ese} rotflol
[09:02] {nemo} soggy dude
[09:03] {ese} hhhhhhhEEEEEyyyyyyyyy i wobble back and forth
[09:03] {nemo} Personally, I like saunas
[09:04] {ese} boy.....if anything like a hot tub.....i'll get that as well
[09:04] {ese} it's
[09:04] {Les} will call you "Mr squeaky clean"
[09:08] {ese} sooooooo I got out of seed at .27 and a bit yesterday basically +.20
[09:14] {ese} whats with SOMX......i can't find any new news on it
[09:15] {Threei} doesn't have any
[09:15] {Threei} last one:
[09:15] {Threei} March 22, 2010 4:00:24 PM
[09:15] {Threei} Somaxon Pharmaceuticals Offering 4M shares of common stock (17% of shares outstanding)
[09:15] {Threei} - The co-manager in the offering is Oppenheimer & Co. Inc.
[09:15] {Threei} - Expects to grant the underwriters an option to purchase up to an additional 600K shares of common stock to cover overallotments of shares, if any.
[09:16] {Threei} (GR) Greece Official: Reiterates view that it is not seeking aid but only political support
[09:16] {Threei} lol
[09:16] {ese} ya....seen that.......hmmmmm
[09:18] {strider} morning all.
[09:18] {strider} SBUX
[09:18] {Threei} strider :)
[09:18] {ese} st
[09:19] {strider} morning ese. Glad you're back.
[09:19] {ese} tks....missed the board.....
[09:21] {nemo} throwing darts ese?
[09:21] {RonS} gm all, mf up on Corzine 25.5 mil sh short, 21% of float
[09:21] {ese} huh
[09:22] {nemo} you missed the board
[09:22] {Threei} ron :)
[09:22] {ese} ahhhhhhh....yes indeed
[09:22] {ese} ron
[09:22] {RonS} ese
[09:23] {ese} you smell short covering ron
[09:25] {RonS} Corzine exGS ceo, if you were short what would you do?
[09:26] {ese} hmmmmmmmm
[09:26] {Threei} good point Ron
[09:26] {lasertrev} good morning
[09:27] {RonS} mpel possible breakout
[09:27] {Threei} trev :)
[09:27] {Threei} Euro vs US Dollar (GE) German Dep Fin Min Kampeter: No reason to bolster the euro politically; exchange reflects stability
[09:27] {Threei} - IMF aid to Greece only in worst case scenario
[09:27] {Threei} SP) ECB's Ordonez: Spain needs major reforms in order to return to growth
[09:29] {jfjf64} mornin
[09:29] {Threei} jf :)
[09:30] {Les} sqnm pivot and 200 ma support .52
[09:31] {Threei} Long Setup: MF .40 break
[09:31] {fernp} Good morning everybody
[09:31] {Threei} stop under .30
[09:31] {Threei} fern :)
[09:34] {Threei} SQNM feels like preparing but exact setup is not clear
[09:34] {Les} yes
[09:34] {Threei} SOMX sharp move at the open
[09:34] {Les} adbe 37 b/d?
[09:34] {Threei} no
[09:35] {Les} sorry, stop too large
[09:35] {RonS} mpel, big vol, today's lvs?
[09:36] {Threei} 5.16 lng worth a try
[09:36] {Threei} long
[09:38] {larisa} AIG exploding
[09:40] {Threei} MPEL 1:1
[09:40] {fernp} ty Vad
[09:40] {Threei} LVS pullback
[09:40] {Threei} 22 recross long
[09:41] {Threei} if stays above .90
[09:42] {Threei} 1:1
[09:42] {Threei} TIVO Hearing takeover chatter circulating
[09:42] {Threei} - DISH rumored as a potential acquirer (16.69, +0.52, 3.21%) (related DISH SATS )
[09:42] {fernp} ty Vad
[09:43] {ese} vad .20 break .10 stop mf ?
[09:43] {ese} nope
[09:43] {Threei} still possible as double bottom play
[09:43] {Threei} I'd try it differently
[09:43] {Threei} .10 break
[09:43] {Threei} aggressive
[09:44] {jfjf64} ty SENSI
[09:44] {Threei} stop under .07
[09:44] {Les} ty mpel
[09:45] {Threei} BAC Obama Administration was in talks to adjust foreclosure plan; BAC could forgive loan principal of up to 30% - CNBC citing sources (17.36, +0.23, 1.34%) (related C XLF )
[09:46] {nemo} rinse on the 1:1 on lvs
[09:46] {Threei} (US) Preview: Feb New Home Sales due out at 10:00ET
[09:46] {Threei} **consensus expectation: 315Ke v 309K prior
[09:47] {Threei} now either take scalp near .20 or sell half MF
[09:47] {Threei} beauty of aggressive entries
[09:49] {Threei} ugh, missed SOMX double bottom
[09:49] {Threei} too many things happening at once
[09:50] {Threei} only 3 eyes
[09:50] {nemo} sheesh
[09:50] {nemo} you need to raise the bar :)
[09:50] {jfjf64} comon more eyes
[09:50] {nemo} fas positive
[09:51] {RonS} rht, jumping, reports amc, big call buy yesterday
[09:51] {nemo} so strong $ can't hold the market down either
[09:51] {Threei} well, we are still in red
[09:54] {Threei} POZN
[09:54] {jfjf64} lvs sellin
[09:54] {Threei} don't see anything fresh
[09:57] {Threei} XNPT Hearing Summer Street making positive comments on prospects for Horizant (9.59, +0.40, 4.35%) (related GSK )
[09:57] {Threei} USD/CNY (CH) Vice Commerce Min Zhong Shan: Reiterates view that CNY appreciation is not a good path to remove global imbalances
[10:00] {Threei} *(US) FEB NEW HOME SALES: 308K V 315KE
[10:00] {nemo} not a big surprise
[10:00] {nemo} with all the snow
[10:02] {fernp} MF breakdown, Vad?
[10:02] {Threei} Short Setup: CAT .45 break
[10:02] {Threei} ugh.... late
[10:02] {Threei} OK, let's see if sets up again
[10:02] {Threei} same trigger
[10:02] {Threei} half lot
[10:02] {Threei} .60 invalidation
[10:03] {Threei} probably fern
[10:03] {fernp} ty
[10:03] {RonS} rht, salmon
[10:04] {Threei} no go CAT
[10:05] {nemo} db at 9:37 was the clue
[10:05] {Threei} RHT... 31 break on daily
[10:05] {Threei} looks powerful
[10:06] {RonS} holy smokes, clf up again & again & again
[10:07] {fernp} out MF +.06 ty Vad
[10:07] {Threei} :)
[10:08] {nemo} RHT r3 at 31.20
[10:10] {Threei} WAVE PacketVideo (unit of WAVE) Selected to Help AT&T With New End-to-End Mobile Music Service (update)
[10:10] {Threei} ok
[10:10] {Threei} market resolves morning volatility into its usual "up no matter what"
[10:11] {nemo} yeah, when I saw fas go positive
[10:12] {ese} ahhhh were back
[10:12] {nemo} we likely have to hit 11k before any pullback to speak of
[10:12] {Threei} larisa disagrees
[10:13] {Threei} but I can't get her to bet
[10:13] {Threei} and dino plays golf
[10:13] {nemo} if I said it was sunny, she woul say it was cloudy
[10:13] {Threei} SOHU Moves higher as article circulates citing SOHU exec's strategy for filling void left by Google in China (54.08, -0.11, -0.20%)
[10:14] {Threei} PLUG Chairman and CEO Purchase 210,146 Shares of Company Common Stock (0.69, +0.03, 5.27%)
[10:14] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:14] {Threei} **consensus expectations:
[10:14] {Threei} Crude: +1.3Me
[10:14] {Threei} Gasoline: -1.5Me
[10:14] {Threei} Distillate: -1Me
[10:15] {nemo} BD oil will go up after the report
[10:15] {Threei} UAUA...
[10:15] {Threei} can't make up my mind
[10:16] {Threei} .80 break looked valid but this stock hates breakouts
[10:16] {Les} .82 support. maybe wait for confirmation?
[10:16] {Threei} let's see if it tries to trap buyers by sharp pullback into .70
[10:16] {Threei} where I'd try to snatch it
[10:17] {Threei} BYD Hearing takeover chatter circulating
[10:17] {Threei} - LVS rumored as a potential acquirer
[10:20] {Threei} [FIBK] First Interstate BancSytem IPO opens for trade at $16.00
[10:21] {Threei} hmmm
[10:21] {Threei} ESE Hearing weakness attributed to report from California that does not include smart metering funds for the company
[10:22] {Threei} SQNM is back
[10:22] {Threei} .50 break with .40 support, another one I looked at and hesitated
[10:23] {Threei} Long Setup: SOMX .25 if stays above .15
[10:24] {nemo} offer .24 somx
[10:25] {Threei} yup
[10:26] {Threei} volatile one, watch the position size
[10:28] {nemo} yeah, missed your half lot call on cat...ouch
[10:29] {Les} in and out sqnm. still refuse to listen to you vad. someone shoot me
[10:30] {Threei} DOE CRUDE: +7.24M V +1.3ME GASOLINE: -2.7M V -1.5ME; DISTILLATE: -2.4M V -1ME
[10:30] {Threei} where in and where out?
[10:30] {Threei} wow... we do have plenty of oil
[10:33] {Threei} SOMX 1:1
[10:33] {fernp} missed SOMX
[10:33] {fernp} good one
[10:35] {nemo} of course I get a phone call I have to take when somx triggers
[10:36] {Les} last in .67 out .78 after being screwed around in 2 attempts prior. .50 was great setup yet I was against the trend
[10:38] {nemo} look oil has gone up
[10:38] {Les} sqnm consolidating for another break
[10:39] {Threei} (GR) EU"s Barroso: The creation of a mechanism for Greece does not directly imply it will be used
[10:39] {Threei} - highlights that any solution to Greece issue must go to reinforcement of the EuroZone
[10:47] {ese} L MF .14
[10:48] {Threei} UAUA never pulled back and consolidates again
[10:48] {Threei} BAC Formal announcement: Introduces Earned Principal Forgiveness Among Enhancements to Its National Homeownership Retention Program (17.53, +0.40, 2.34%)
[10:48] {Threei} (US) Fed's Hoenig: Endorses Volcker rule; US must encourage competition
[10:48] {Threei} - expects credit growth to begin coming back slowly
[10:48] {Threei} - sees a improvement of regulation may come with the reversal of some prior deregulation
[10:48] {Threei} - feels financial holding companies should not engage in propo trading or handling hedge funds
[10:48] {Threei} - in favor of some basic supervisoy techniques that deal with maximum leverage levels and loan to value
[10:48] {Threei} - notes that the current regulatory reforms still put large amounts of exception in the Treasury's control
[10:50] {Les} CAT at 62. needs a bit of consolidation
[10:51] {fernp} HIG , Vad?
[10:51] {Threei} pullback to or just undr .20, I'd try to enter
[10:51] {fernp} ty
[10:53] {Threei} (SZ) SNB Vice Chairman Jordan: Banking collapse must not threaten financial system in the future, Swiss banking sector is overly large in proportion to Swiss economy
[10:53] {Threei} - No bank should be considered too big to fail in the future.
[10:53] {Threei} - Swiss banks will likely fight implementation of drastic measures.
[10:53] {Threei} - Switzerland may need more rigorous bank regulation than other countries
[10:54] {ese} out MF avg .21 +.07 18k
[10:56] {Les} nice
[10:56] {Threei} ok... ese IS back
[10:56] {Les} his pocket money makes me look like beggar
[10:56] {ese} tks....was just waitin on that one....
[10:56] {strider} Trev, dcc.
[10:58] {ese} 1 min chart on MF is a thing of beauty....almost a perfect rounded botom
[11:00] {ese} this one could be tex book......hit .40 pullback for 1/2 the time it took to get there ...perfect handle for cup and handle pattern ......andddddddd away she goes
[11:02] {Threei} (GR) ECB's Ordonez: Greece would likely need assistance
[11:04] {Les} you get a kick out of torturing us with news of Greece, don't you?:)
[11:04] {Threei} well...
[11:04] {Threei} that, and it seems to be masjor market influencing factor
[11:06] {RonS} plus, has a self image of being adonis. where's nemo?
[11:06] {Les} I'd wish they'd hurry up and die. get us some volatility and some quiet from their constant talk
[11:06] {nemo} ?
[11:06] {Les} but then again, could probably say the same thing for me...
[11:06] {strider} Saved me the trouble. :)
[11:07] {Les} :P
[11:10] {nemo} What's up Ron?
[11:11] {RonS} ...lookin for some wit from you...:)
[11:11] {nemo} tired this morning, sorry
[11:13] {nemo} adbe break of .65 stop under .55?
[11:13] {Threei} Short Setup: KMB .80 half lot
[11:13] {Threei} if stays under .90
[11:13] {RonS} np...I lost a tree last night that i have nursed for 20 years...blizzard, so i am kind of bummed
[11:15] {larisa} :( wind broke it?
[11:15] {Les} u guys still got snow??
[11:15] {nemo} broke wind?
[11:15] {RonS} rain, then frozed with blowing snow, snapped 2 in above ground
[11:17] {fernp} out .71 ty very much Vad
[11:17] {Threei} (US) Fed's Hoenig: Banks may encounter more losses if economy recovers slowly; unlikely that banks have recognized all of the losses - Q&A
[11:17] {Threei} - seeing loan performance continuing to deterioriate
[11:17] {Threei} welcome
[11:21] {fernp} any important news Vad?
[11:21] {fernp} nothing here
[11:21] {Threei} nothing fresh
[11:22] {Les} aig .35 b/d?
[11:22] {Threei} nah
[11:27] {Threei} I'd rather try .50 break long
[11:27] {Threei} if holding .40
[11:27] {Threei} discretionary trade
[11:27] {Threei} AIG is not for faint heart
[11:28] {Les} tis a pussy cat compared to its opening.
[11:31] {Les} vad, you got a read on x?
[11:32] {Threei} not in the least
[11:32] {Les} ok. I'm hooked on noise
[11:35] {Threei} better than on crack cocaine
[11:38] {nemo} relatively quiet day makes sense after yesterday
[11:38] {Threei} not over yet
[11:38] {jfjf64} little kick
[11:39] {Threei} fireworks can come any minute
[11:39] {Threei} and any direction
[11:42] {Threei} RU) Russia and US have reached agreement on arms limitation treaty
[11:42] {Threei} isn't it curious how little attention it earns these days
[11:42] {magoo} hello
[11:43] {Threei} original treaty was the biggest deal
[11:43] {Threei} hey mags
[11:43] {fernp} hi magoo
[11:51] {Threei}
[12:00] {Les} PSA vad, on a pullback to near .75?
[12:00] {larisa} but of course, fraudster that wants to keep America clean :)
[12:01] {ese} L len .90
[12:02] {Threei} yes Les... if ges there
[12:02] {Threei} larisa?
[12:06] {ese} out len .99 +.09 nice 12k
[12:06] {magoo} saawweeetttt ese
[12:07] {ese} indeed mags
[12:07] {Les} l fmc .12
[12:08] {Les} cof .60 break vad?
[12:08] {magoo} u gettin back into the groove?
[12:09] {Threei} I doubt it will be worth it
[12:09] {Les} k
[12:13] {ese} kinda mags.......still feels strange
[12:14] {nemo} so vad, market frozen...huge rally this afternoon?
[12:15] {Threei} one of possibilities of course
[12:15] {Threei} although to me stall feels more likely
[12:15] {Threei} finishing with no activity, luring in new crop of shorters
[12:15] {Threei} and killing them dead tomorrow
[12:15] {nemo} vix luring them in too
[12:22] {nemo} wow...not used to seeing that happen
[12:23] {Threei} what?
[12:23] {nemo} a "relatively" large order in FAS tripped a break
[12:23] {ese} it feels like it will stall to me as well......been pretty much on an uptrend for many days now?
[12:23] {nemo} only 90k
[12:23] {nemo} 1 year ese
[12:23] {fernp} ABX .49
[12:23] {Threei} (US) Deputy Treasury Sec Wolin: US Chamber of Commerce's fight against reform for financial sector is 'misguided'; bill requires strengthening in the House and Senate
[12:23] {fernp} late
[12:24] {Threei} (GR) Germany reportedly sees the majority of the EU in support of IMF aid to handle Greece issue
[12:25] {Les} Germany sees a lot
[12:25] {nemo} How about the EU handling an EU issue
[12:26] {Les} watching LEN flirt with 18
[12:27] {nemo} and back away
[12:27] {Les} 3rd time lucky?
[12:32] {Threei} quess what
[12:32] {Threei} with all that scary looking selling, we are almost back to highs, lol
[12:32] {nemo} Jessica Biel is on TV
[12:32] {nemo} ?
[12:32] {Threei} no, some bald dude
[12:32] {Threei} wait... it's mirror
[12:33] {nemo} can't be, you don't cast reflections
[12:34] {Threei} whew
[12:34] {Threei} gives me hope this is not my reflection
[12:34] {nemo} doesn't mean you should have hope
[12:34] {larisa} lol
[12:34] {Threei} sigh... can't catch a break, can I
[12:35] {Threei} Les
[12:35] {nemo} Nature is unkind
[12:35] {Les} what, I'm just happy its not me
[12:35] {Threei} Victoria, BC Predicted to Hit New Record Housing Prices
[12:35] {Threei} just thought I'd let you knwo
[12:36] {Threei} not to me, nemo, it isn't {G}
[12:36] {Les} oh, I thought you were looking to me for some sort of help...
[12:36] {Threei} looking for help - in THIS room?
[12:36] {Les} true
[12:36] {Threei} I may be bald and overwheight - but I am not THIS stupid
[12:37] {Threei} (EU) ECB's Noyer: Believes Greece's plan will convince markets, helping to improve the entire Greece situation
[12:37] {ese} gotta love that housing stat
[12:37] {Les} how's canadian housing? threatening a bubble bust?
[12:37] {Threei} Wells Fargo & Co Confirms to Purchase GMACs North American Factoring Portfolio
[12:37] {ese} L len .96
[12:38] {Threei} considering rate hike probable this summer, it's poised to cool off some, most likely
[12:38] {Threei} but there is no bubble
[12:38] {Les} ok
[12:41] {ese} out len .03 +.07 K's? you guessed it
[12:42] {ese} sorry +.09
[12:42] {Threei} nice
[12:43] {ese} about done for the day
[12:48] {ese} back in 10
[12:57] {Threei} (US) White House's Gibbs: Administration expects financial regulatory reform to be complete in next couple of months (related XLF )
[13:02] {Threei} - indirect bidders take 39.7% of competitive bids with 29.97% allotted at the high.
[13:02] {Threei} - direct bidders take 10.79%, primary dealers 49.6%.
[13:02] {Threei} bad auction I take it
[13:04] {nemo} low bid to cover and primary dealers take half, that's not good
[13:09] {nemo} mgm lvs rimm all held relatively well
[13:09] {Threei} and FITB
[13:09] {Les} and BAC
[13:10] {nemo} very interesting...indexes got sold
[13:10] {nemo} mgm lvs forming inverte H&S just not delighted with R/R
[13:21] {Threei} US 10-year Treasury yield rises towords highest levels of the year at 3.84%
[13:21] {Threei} - the 2-year yield is now above 1.10% for first since early January as well
[13:25] {Threei} this is good test
[13:26] {Threei} if market manages to close around flat today, not even speakig of green, bears will be double-roasted in the days ahead
[13:29] {Threei} watching VXX for bounce scalp
[13:30] {Threei} best scenbario is dive under .10 and recross
[13:31] {Threei} .16 long with stop under .10 is less desirable but if market drops fast that can be the only chance
[13:32] {Threei} one more bounce candidate: SLXP
[13:32] {Threei} half lot
[13:32] {ese} gotta go's choir time......cya tomorow
[13:33] {Threei} .90 break if holding above .80
[13:33] {Threei} take care ese
[13:33] {ese} see ya vad
[13:33] {lasertrev} ese, dcc please
[13:33] {fernp} bye ese
[13:33] {ese} LT Fern
[13:34] {Threei} ok, first scenario is in play on VXX
[13:41] {Threei} VXX almost 1:2
[13:42] {Threei} scalp or half, your choice
[13:44] {Threei} nice day shaping up... shorty will regret missing it
[13:48] {Threei} GOOG Exec: China Govt may choose to restrict access to Google services at any moment (549.08, +0.08, 0.01%) (related YHOO SOHU BIDU )
[13:48] {nemo} knew that was coming
[13:49] {Threei} go VXX
[13:49] {Threei} see market dropping?
[13:50] {nemo} really?
[13:50] {Les} Nemo gets cranky when he's tired
[13:50] {nemo} I'm not cranky
[13:50] {Threei} you are both wrong
[13:51] {nemo} hey Les, talk to your countrymen, will ya'
[13:51] {Les} I could have said sarcastic
[13:51] {Threei} nemo - because you ARE cranky
[13:51] {Les} but that's normal for you
[13:51] {nemo} oh
[13:51] {Threei} Les - because nemo doesn't GET crancy, he always is
[13:51] {nemo} that puts things in a different perspective
[13:51] {Les} ah ok.
[13:54] {nemo} I think they should do a reverse split on faz
[13:55] {fernp} .
[13:55] {nemo} hola
06[13:59] * Threei puts DOW 11K hat away, but not too far
[13:59] {larisa} oh really? :)
[13:59] {nemo} tomorrow or Friday
[13:59] {Threei} you don't get to comment... you refused to take a bet
[14:00] {Threei} and I just don't want my desk to be any more clutterd
[14:00] {larisa} oh really? :)
[14:00] {larisa} {see? I get to comment}
[14:00] {Threei} but it's within asy reach... top drawer actually
[14:01] {Threei} well... you do... but I pretend you don't
[14:01] {nemo} huh, tbt was up big this morning...looks like the auction was well understood then
[14:01] {Threei} I also pretend I have a vote in whether you comment or not
[14:02] {RonS} ...some say Bill Gross commentary, others that fiscal reality of health bill...
[14:02] {nemo} ?
[14:03] {nemo} oh
[14:04] {nemo} oil basically hasn't moved since before the oil numbers...they don't mean a rats derriere
[14:04] {Threei} SLXP no go
[14:05] {Threei} Google comments from Alan Davidson, who will testify before a Congressional committee on China
[14:05] {Threei} why does GOOG exec testifies in Congress on their business dealings?
[14:05] {Threei} was GOOG a TARP recepient?
[14:06] {nemo} no...part of the bash china propaganda...
[14:06] {nemo} starts with the hacking a few months ago
[14:06] {Threei} VVUS Strength attributed to management cancelling presentation at Barclays conference today (9.99, +0.29, 2.99%)
[14:06] {nemo} now them getting tossed from china
[14:07] {Threei} how's cancelling presentation good?
[14:08] {RonS} ...sign that company needs to say nothing since they are in negotiations to sell themselves...
[14:08] {Threei} lol
[14:08] {Threei} that's a hell of a spin
[14:09] {RonS} ...seriously...that is how the street views it...
[14:09] {Threei} VVUS Strength attributed to management cancelling presentation at Barclays conference today; spokesperson says cancellation due to travel issues
[14:09] {Threei} - A presentation was scheduled for 15:15ET today (9.99, +0.29, 2.99%)
[14:09] {Les} we should keep hard copy of some of these news excerpts
[14:09] {RonS} ...but the real tell is the options action...
[14:09] {Threei} why in this particular case? There were zillion cancellations that were taken very badly, leading to horrible selloffs
[14:11] {Les} MF 8 break?
[14:12] {Threei} 50/50
[14:12] {Les} k
[14:16] {Threei} sheeesh...
[14:17] {Threei} 2.7 B is expected to be generated from new 10% tax on tanning salon patrons
[14:17] {Threei} just how much time you americans spend in those??
[14:17] {RonS} ...canadian snowbirds who go to AZ...
[14:17] {nemo} they're all over
[14:18] {nemo} I get a kick out of all the new fees on medical device makers and insurance companies, exactly how do they think the companies are going to pay those?
[14:19] {RonS} rememer Huey Long...
[14:19] {Threei} or, who is going to pay for drug makers getting extension on patent protection
[14:19] {nemo} well, that keeps the prices up anyway
[14:19] {nemo} yeah Huey...well remember the Paul Newman Movie about him
[14:20] {RonS} Cool Hand Luke...:D
[14:20] {nemo} no
[14:20] {Threei} Huey Long... good thing you guys don't speak Russian
[14:20] {nemo} you obviously have a failure to communicate
[14:20] {Threei} larisa, turn away
[14:20] {nemo} I know enough
[14:20] {larisa} hubby was getting minor operation, small plastic tube - $400. That plastic bag with solution - $800. you kidding me? let them pay :)
[14:21] {Threei} whom?
[14:21] {Threei} all costs will be passed through
[14:21] {Threei} plus administrative fees to calculate those taxes and costs
[14:21] {nemo} all taxes and fees are paid by the taxpayer/consumer
[14:21] {Threei} since when any manufacturer paid for anythng without passing cost on consumer
[14:22] {RonS} ...when the Chinese comapny takes the business and they go bankrupt...
[14:24] {RonS} ...the large corps love it...they outsource...pure Adam Smith
[14:26] {RonS} vad, VXX again, or are we set for the pm market runup?
[14:26] {Threei} feels to me, up is more likely
[14:27] {nemo} wow, funny volume pattern in tna over the last coupla' hours
[14:27] {nemo} yeah...inverse H&S on MGM and warped one on LVS
[14:29] {nemo} wouldn't it be like the market and flip us off by going down
[14:29] {Threei} well... market switches to flipping off the other side only after first one is flipped off enough
[14:29] {Threei} and I don't think it is
[14:30] {RonS} PMI intraday looks to have a dbl top in play. Break up from that a decent play?
[14:30] {Threei} double top?
[14:30] {nemo} by at this tren support stop uner 200 at .50
[14:30] {Threei} I don't see it
[14:31] {Threei} (GR) Reportedly there is no agreement among EU leaders as of yet regarding structure of aid package for Greece - unconfirmed report citing sources
[14:31] {Threei} - Euro Zone leaders are reportedly negotiating on whether to meet to discuss Greece before official summit on Thursday.
[14:31] {nemo} negotiating on whether to wonder nothing gets done right
[14:31] {Threei} lol
[14:32] {Threei} ni kidding
[14:32] {nemo} knight
[14:45] {Threei} Go Daddy intends to discontinuing new domain names in China - WSJ
[14:45] {Threei} - Notes that the move is due to "increased Chinese surveillance." (related VRSN )
[14:45] {nemo} who wouldn't want to surveille that go daddy chick :)
[14:47] {Les} sqnm might be waking up
[14:48] {Threei} (SZ) SNB's Jordan: Will not permit any excessive appreciation of the Franc that may lead to deflation
[14:48] {Threei} - highlights that the SNB has the tools to ensure the Franc does not excessively appreciate (related USD/CHF EUR/CHF )
[14:48] {Threei} it's for you les
[14:57] {nemo} about time for the movement out of nowhere
[14:57] {RonS} Angelo Mozilo slams tanning tax. Pure racial discrimination.
[14:57] {nemo} ha ha ha
[14:58] {RonS} :D
[15:02] {Les} good one
[15:07] {Les} adbe
[15:08] {Threei} ok
[15:08] {Threei} who is up for a bet?
[15:08] {nemo} lari
[15:09] {Threei} up from here, finishing still in red but above 117.2 for SPY
[15:10] {Les} I won't bet against that
[15:10] {nemo} me neithr
[15:10] {Threei} closer to 10.870 DJO
06[15:10] * Threei squints at larisa
[15:10] {nemo} you're at 10887 now
[15:10] {Threei} hmm?
[15:11] {larisa} lol
[15:11] {Threei} 10.838
[15:11] {nemo} sorry, was looking at DIA
[15:11] {nemo} forgot...not direct translation
06[15:11] * nemo slaps nemo around a bit with a large trout
[15:11] {larisa} -70 or worse closing
[15:11] {Threei} finally
[15:11] {Threei} goaded someone into betting
[15:12] {larisa} I am not betting though.
[15:12] {Threei} ugh
[15:12] {nemo} yeah
[15:12] {larisa} just saying
[15:12] {Threei} doesn't count then
[15:12] {Threei} meaning, if you win, you don't get to say 'I win"
[15:12] {larisa} I get to say : I told you so :)
[15:12] {Threei} nope, not even that
[15:13] {RonS} larisa sucked into the vad vortex
[15:13] {larisa} lol
[15:13] {Threei} but, if you win
[15:13] {Threei} I get to say "told you should have bet"
[15:14] {larisa} I do not drink beer
[15:14] {Threei} so? make your side of bet
[15:14] {Threei} mine is 6 pack
[15:15] {larisa} 6 pack abs?
[15:15] {RonS} lol...i was wondering...
[15:15] {Threei} I wish
[15:16] {Threei} I mean it's there somewhere
[15:16] {larisa}
[15:16] {RonS} perfect
[15:17] {larisa} easy to acheave too :)
[15:17] {nemo} superglue
[15:18] {Threei} I hoped to keep that photo private
[15:23] {nemo} this might be it
[15:23] {Threei} yeah, that was last leg down, IMO
[15:23] {nemo} fas starting ascent
[15:23] {Threei} little pullbacks from now on, but majorly up
[15:24] {Threei} that's myu contention anyway
[15:25] {Threei} I think I may want to put actual money on the line since my conviction is in place
[15:26] {Threei} Short Setup: VXX .05 break if stays under .10
[15:27] {jfjf64} i lk that
[15:28] {Threei} I am upset by how narrow PALM's become
[15:28] {Threei} really counted on it being ATM for a while
[15:29] {Les} sqnm is drying up as well. need new revenue stream
[15:31] {Threei} come on market
[15:32] {Threei} show that you have spine
[15:35] {Threei} good boy market
[15:35] {Threei} move your butt
[15:35] {Threei} pullbacks are allowed but undesirable
[15:36] {Les} how many times can we have this rally before too many climb on board?
[15:36] {Threei} IMO, we have ways to go still
[15:36] {nemo} remember the quote about solvency and rationality
[15:37] {Les} no
[15:37] {Les} :D
[15:37] {Threei} SPY 13 cenbts to my target
[15:37] {Les} so this would be like bait then, trying to suck people in?
[15:37] {nemo} The market can stay irrational longer than you can stay solvent
[15:37] {Threei} DJI 10 points
[15:37] {Les} broken record nemo
[15:37] {Les} dji
[15:38] {nemo} that's the quote
[15:38] {Threei} larisa, just in case: I like Innis&Gunn
[15:38] {Les} wrong screen. I was looking for -40. so i am definitely right not to bet
[15:38] {Threei} VXX over 1:1
[15:38] {larisa} in case of what?
[15:38] {Les} ty
[15:39] {Threei} in case of my win which unlike you I do get t claim since I WAS willing to bet
[15:40] {larisa} day is not over and i did not bet :)
[15:40] {Threei} not over, that's why I say "just in case" and not "yessss" :)
[15:40] {Threei} US) House votes in favor of extending 'Build America' bonds program through 2013
[15:40] {Threei} - Senate has yet to vote on the bill
[15:41] {Threei} I don't know if this has any implications or non-event
[15:41] {Threei} don't remember this program at all
[15:42] {Threei} this could be second short opportunity on VXX...
[15:42] {Threei} watch if market jumps up
[15:42] {Threei} same setup
[15:45] {fernp} Good evening everybody. See you all tomorrow
[15:45] {Les} ciao
[15:45] {Threei} take care fern
[15:53] {Threei} 8 min left till larisa can't claim her win
[15:53] {Threei} 7
[15:53] {larisa} just in case I like carrot juice :)
[15:53] {Threei} yeah but you didn't bet
[15:57] {Threei} looks like draw after all
[15:58] {larisa} draw ? you lost, caz you were willing to bet.
[15:59] {Threei} no, I just didn't win
[15:59] {Threei} but since DJI never went down to -70...
[16:00] {Threei} anyway... there is always tomorrow
[16:00] {larisa} bye :)
[16:00] {Threei} carrot juice is still possibility
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {Les} nighty night