Thursday, March 25, 2010

Mar 25 2010

Nice strong day with no stops. ITMN 40 cents win, UAUA, AIG, etc worked for scalps and bigger moves. Bulls really blinked in the afternoon - first time in a good while.

Session Time: Thu Mar 25 00:00:00 2010
[08:15] {magoo} jrasrasflrasfkljhrfL
[08:23] {Threei} (GR) Spanish PM: The point of contention now is lending money to Greece opposed to providing grants; Spain will pay on basis of GDP
[08:23] {Threei} - Euro Zone has a responsibility to find a solution to the Greece problem
[08:23] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET
[08:23] {Threei} - Expectations for initial claims are 450Ke v prior week at 457K
[08:23] {Threei} EU) Spain's PM Zapatero and EU's Barroso: Reiterate the importance of euro stability and strength
[08:26] {KSystems} Good morning
[08:28] {Threei} KS :)
[08:28] {magoo} K:)
[08:29] {Threei} mags :)
[08:29] {magoo} boss:)
[08:30] {magoo} at top of cramers real money page "37 year old wiz kid makes $87 million trading options" SIGH
[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 442K V 450KE; CONTINUING CLAIMS: 4.65M V 4.562ME
[08:30] {Threei} lol
[08:33] {magoo} vad, how come we arent trading options and making millions??
[08:34] {KSystems} when vad was young and learning, there probably were no such things :-P
[08:34] {Threei} it's easy mags
[08:35] {magoo} i believe there was options before the mkt crash in the 1920's lol
[08:35] {KSystems} right, magoo....unbelievable how far we have to go back, eh?
[08:35] {Threei} find any of many all or nothing opportnities floating around and go for it
[08:35] {Threei} one thing they don't advertise though:
[08:36] {Threei} for each lotery winner here are millions who lose
[08:37] {Threei} what happened overnight?
[08:37] {Threei} yesterday they couldn't dump fast enough
[08:38] {Threei} today we are gapping over yesterday's high
[08:41] {Threei} lol
[08:41] {Threei} GR) EU's Juncker: There will be no meeting on Greece ahead of official EU summit
[08:41] {Threei} and
[08:41] {Threei} GR) Dutch PM: There are many informal discussions taking part concerning Greece's situation
[08:43] {magoo} can u believe BIDU 611 GOOG 589...? the flee walking the dog
[08:43] {Threei} well, BIDU market cap is a fraction of GOOG's
[08:57] {ese} morning
[08:58] {Threei} ese :)
[09:01] {Threei} QCOM *RAISES Q2 GUIDANCE (40.19, 0.00, 0.00%)
[09:01] {Threei} look at it go
[09:02] {Threei} scalped 41.82 - 42.30
[09:03] {Threei} QCOM *RAISES Q2 GUIDANCE $0.56-0.58 v $0.53e, R$2.55-2.65B v $2.57Be ($0.49-0.53, R$2.4-2.6B prior)
[09:05] {Threei} too bad only 300 shares were available... or my day could have been over before it even started
[09:06] {_shorty} Good morning
[09:06] {Threei} shorty :)
[09:08] {Threei} QCOM has a gap to fill, 46 with change
[09:17] {magoo} vad, inform shorty of yesterday
[09:17] {Threei} hmmm
[09:17] {Threei} ok
[09:17] {Threei} shorty, there was yesterday
[09:18] {_shorty} OK
[09:18] {Threei} he took news well, mags
[09:19] {Threei} USD/CNY (CH) SocGen Analyst: Trade deficit out of China could spur a CNY devaluation
[09:19] {Threei} HUH?
[09:19] {Threei} unless it's totally taken out of cotext, I'd say someone's drinking heavily over there
[09:20] {nemo} I see the correction is over
[09:20] {Threei} nemo :)
[09:20] {nemo} :)
[09:21] {ese} dude!!!!!!!!
[09:21] {nemo} dude
[09:23] {ese} vad do you think qcom has a good chance to fill that gap today
[09:23] {lasertrev} morning
[09:23] {Threei} QCOM is obvious focus of the market so far
[09:23] {Threei} trev :)
[09:24] {ese} LT
[09:24] {RonS} dudes & dudettes...slxp?
[09:24] {Threei} ese - IF we get one of those relentless up and up days, it does
[09:24] {Threei} but that's a big IF
[09:24] {Threei} let's wait out morning volatility
[09:24] {Threei} then see if we get a good setup on it
[09:25] {Threei} Ron :)
[09:25] {RonS} 3
[09:25] {Threei} Yesterday 17:39 SLXP FDA approves XIFAXAN 550 MG tablets for reduction in risk of overt Hepatic Encephalopathy Recurrence
[09:25] {Threei}
[09:26] {RonS} ...end stage liver cancer drug...growing market i suppose
[09:27] {Threei} larisa :)
[09:27] {larisa} gm
[09:28] {RonS} ...kind of shocked to read liver cancer is the 3rd highest cause of US death
[09:28] {jfjf64} mornin
[09:28] {fernp} Good morning everybody
[09:28] {Threei} jf :)
[09:28] {Threei} fern :)
[09:28] {Threei} LVS is almost back to high
[09:29] {Threei} .39 yesterday
[09:29] {Threei} some tight consolidation making .40 long trigger would be nice
[09:29] {RonS} .tnx run extension good or bad today?
[09:30] {Threei} LVS spike right into .40 and pullback
[09:30] {magoo} qcom xplode
[09:31] {magoo} can get 44 today
[09:31] {Threei} aggressive,
[09:31] {Threei} Long Setup: LVS .30 break
[09:32] {Threei} stop under .25 for extreme scalpers
[09:32] {Threei} .20 for day traders
[09:32] {Threei} half out here
[09:32] {Threei} scalpers be happy
[09:33] {Threei} offer 1/4 more at .55 - .58
[09:33] {magoo} out qcom .49
[09:33] {magoo} + .49
[09:33] {magoo} ty vad
[09:33] {magoo} in lvs too
[09:33] {Threei} aren't you omnivorous one
[09:33] {Threei} QCOM ignores market
[09:34] {Les} looks like I'm late to a party
[09:34] {ese} qcom is a wow
[09:34] {Threei} just two trades late les
[09:34] {Threei} but LVS may give second chance
[09:35] {Threei} here it is
[09:35] {Les} qcom looks like it wants to pullback
[09:35] {Threei} stop is under .25 for all now
[09:36] {Threei} ok, second half is off
[09:36] {Threei} need deeper pullback for re-entry
[09:36] {Les} missed PMI yesterday
[09:37] {Threei} Long Setup: BRCM .05 break
[09:38] {Threei} if stays above 34
[09:38] {Threei} if loses it, let's try for recross, depending on how deep pullback is
[09:38] {Threei} and with market help of course
[09:39] {Threei} SEED spike
[09:41] {Threei} no clean setup BRCM
[09:41] {Threei} SOMX, yesterday's high .65
[09:42] {Threei} US) Reminder: Fed Chairman Bernanke to testify before House Financial Services Committee regarding Fed exit strategy at 10:00ET
[09:42] {Threei} **Bernanke's prepared testimony was released on the originally scheduled date of Feb 10, but the meeting was postponed due to a severe snowstorm. Its not clear if there will be any revision to the prepared testimony today.
[09:42] {Threei} non event, unless he says somehing drastically different
[09:43] {jfjf64} wfc
[09:43] {Les} wow. just bought 5k PMI for +.03. now I see how ese does it
[09:43] {Les} and on a pullback
06[09:44] * Threei slaps Les around a bit with a large scalping course
[09:44] {Les} a refresher read wouldn't hurt
[09:44] {Threei} Natural Gas prices move below $4 for first time in nearly 6 months
[09:45] {magoo} WFC BAC vad
[09:45] {Threei} this jump out of the gate leaves me with no setups unless they pull back mags...
[09:46] {Threei} I want WFC somewhere around 31.20 to get interested
[09:46] {magoo} BAC should attempt a break out imo
[09:46] {Les} agreed
[09:47] {magoo} over 18
[09:47] {magoo} scalper
[09:47] {Les} vad anything special on your list today?
[09:48] {Les} BBY pumping
[09:48] {Threei} QCOM, LVS, SQNM, SOMX, SEED
[09:48] {Les} ty
[09:49] {Threei} US) Commercial Paper outstanding w/e Mar 24th: -$7.9B v -$22.4B prior
[09:50] {ese} pmi
[09:50] {_shorty} ZIOn, thoughts
[09:50] {ese} nice one les
[09:50] {Les} when I grow up I wanna be just like you
[09:51] {ese} naaaaaaahhhhhhh we just wanna be like vad
[09:51] {_shorty} Me too
[09:51] {Les} hmmm nemo is quiet
[09:51] {Threei} by daily, ZION is long candidate
[09:51] {Threei} on intraday, no setup yet
[09:51] {_shorty} Thnaks
[09:52] {Threei} and it's highly market dependent by definition... regional bank
[09:52] {nemo} late to the party...had a very busy morning snafu'd my morning prep
[09:53] {ese} ya noticed that comment from nemo.....someone get the doctor over to his house right away
[09:53] {Threei} getting her out the door this early is usually tough
[09:53] {nemo} ha ha
[09:53] {nemo} Oh, how I wish that were the issue
[09:54] {Threei} watching LVS here
[09:54] {Threei} not sure for what yet
[09:54] {Threei} but something is shaping up
[09:55] {magoo} BBY
[09:55] {magoo} QCOM
[09:55] {magoo} looking good to goo
[09:55] {Threei} WFC mags, ready to dive to .20 I think
[09:55] {magoo} make the call
[09:56] {magoo} in bby .65
[09:56] {ese} i'm onto BBY also mags
[09:56] {magoo} BAC doing it
[09:57] {magoo} looking .90 area
[09:57] {magoo} bby
[09:57] {ese} missed it.....nice one
[09:57] {magoo} 18.04 target bac
[09:58] {Threei} (US) Senate sets time for healthcare amendments vote at 2pmET (related IYH )
[09:59] {magoo} in qcom .50
[09:59] {Threei} GR) Reportedly France and Germany will hold bilateral discussion at the EU summit - German Gov't spokesperson
[10:00] {Threei} OK... market says UP, imo
[10:00] {nemo} fas should break 100 today
[10:01] {Threei} Long Setup: WFC .40 break if stays above .30
[10:01] {magoo} .15 cent stops on everything ok
[10:01] {nemo} whoa rimm
[10:02] {ese} L brcm .17
[10:03] {magoo} lrimm 74 break
[10:03] {magoo} nice spot
[10:05] {magoo} not in it..didnt go
[10:05] {magoo} like less here
[10:05] {ese} brcm stopped .o6 -.11
[10:05] {Threei} WFC invalidated
[10:06] {ese} my stupid fault too.....lower high in the qqqq's....dumb da dumb dumb
[10:07] {Threei} something in Ben's testimony or what
[10:07] {nemo} both qs and spys at 200 ma, no bounce here coul close gap
[10:08] {ese} agreed......not sure what the H i was lookin at
[10:08] {magoo} looky genz vad, just follow it
[10:09] {magoo} l 52
[10:09] {magoo} .40 area
[10:10] {magoo} .84 stop
[10:14] {fernp} .
[10:14] {Threei} CHINA
[10:15] {Threei} C&H on daily
[10:17] {Threei} Long Setup: ITMN .70 break half lot
[10:17] {Threei} AIG
[10:18] {Threei} starts one of it infamous spikes
[10:18] {Threei} highly discretionary and very risky
[10:18] {Threei} but when you get it early, good chance for sizeable move
[10:18] {Threei} 25 cents from the moment I mentioned it already, lol
[10:19] {Les} thanks got it for +.15
[10:19] {Threei} wtg
[10:19] {fernp} .60 is the stop for ITMN , Vad?
[10:19] {Threei} magoo? jf?
[10:19] {Les} 100 shares still in
[10:19] {Threei} if sets up from here, yes gfern
[10:19] {magoo} yep
[10:19] {jfjf64} missed
[10:19] {magoo} in .30
[10:20] {magoo} go
[10:20] {magoo} goooooo
[10:20] {jfjf64} brk
[10:20] {Threei} here cmes the bri... AIG
[10:20] {magoo} want .79
[10:21] {Threei} be reasonable mags, partial
[10:21] {Threei} volatility is horrific on it
[10:21] {Threei} have healthy respect
[10:21] {nemo} you're talking to Mags
[10:21] {Threei} ITMN over 1:1
[10:21] {Threei} 1:2
[10:21] {Threei} almost
[10:22] {Les} out last 100 flat
[10:22] {Threei} 1:2 without almost
[10:22] {Threei} 1:3
[10:22] {Threei} 1:4
[10:22] {jfjf64} brk/b 82
06[10:23] * Threei takes a bow and goes back to sleep
[10:23] {magoo} out .11 ITMN ty boss
[10:23] {Threei} welcome sir
[10:23] {Threei} 40 cents out of nowhere
[10:23] {Threei} in 3 min
[10:24] {Threei} mags, this your second chance on AIG
[10:24] {nemo} so 11k today or tomorrow?
[10:24] {Threei} let me reiterate the call for healthy respect
[10:25] {Threei} crap... polite call is not working
[10:25] {nemo} regarding aig?
[10:25] {Threei} MAGOO, SELL THE #$)(^ PART OF YOUR AIG!!
[10:26] {Threei} let's see if this works
[10:26] {nemo} yeah higher high on lower volume...oy
[10:27] {Threei} 11K... I'd say 55% for today, 45 for tomorrow
[10:27] {magoo} sometimes u gotta let a winner win
[10:28] {Threei} I give up... he is hopeless
[10:28] {magoo} OUT .83 TY
[10:28] {Threei} lol... yw
[10:30] {Threei} *EIA NATURAL GAS INVENTORIES: +11 BCF VS. +5 TO +10 BCF ESTIMATE RANGE (related UNG )
[10:30] {nemo} oil up today...of course
[10:31] {Threei} Market Internals update at 10:30ET
[10:31] {Threei} - NYSE volume 235M shares, about 3% below its three-month average; advancers lead decliners by 2.2:1.
[10:31] {Threei} - NASDAQ volume 545M shares, about 7% above its three-month average; advancers lead decliners by 1.9:1.
[10:31] {Threei} - VIX index -3% at just over 17.00
[10:31] {Threei} 55% Favor Repeal of Health Care Bill
[10:33] {Threei} Fed's Bernanke: intend to achieve dual mandate of stable infaltion and maximum employment - Q&A
[10:33] {Threei} uh oh
[10:33] {Threei} if he acieves dual mandate as effectively as he was achieving single one before... we are doomed
[10:36] {jfjf64}
[10:37] {jfjf64} Vad they talk about your book at the 7 minute and 50 second mark.
[10:37] {Threei} swearing?
[10:37] {jfjf64} little shout out
[10:38] {Threei} cursing the moment they ever opened it?
[10:38] {jfjf64} nothin but good things
[10:38] {Threei} OK, let me listen then {G}
[10:40] {Les} crap, we about to get company are we? More Nemos, more Striders?
[10:40] {Threei} no way
[10:40] {Threei} there are more nemo and striders
[10:41] {Threei} they just don't make them anymore
[10:41] {nemo} ahhhh....
[10:41] {nemo} I haven't bred
[10:41] {strider} thank god for small favors.
[10:41] {Les} yeh I'm just a second rate nobody by comparison...
[10:42] {strider} Les, you can't say nobody likes you. Everybody hasn't met you yet.
[10:42] {Threei} GR) Euro Groups Junker: Increasingly confident that deal on Greece will be reached tonight
[10:42] {Les} hmmm
[10:42] {nemo} then nobody will like you
[10:43] {Les} ok. I get it
[10:43] {Threei} wow... ITMN was not done
[10:44] {nemo} wow, fas blowing through 100
[10:45] {Threei} he did a profile on me a hwile ago, jf
[10:46] {Threei}
[10:46] {magoo} finally BAC
[10:46] {magoo} AIG
[10:48] {Threei} CHINA, I am crying
[10:48] {Threei} took it for scalp type I but sold waaaay too soon
[10:48] {Threei} ese, you see it?
[10:49] {Threei} it's your type
[10:50] {jfjf64} was he ever in room john lee
[10:51] {Les} s caas .20
[10:51] {Threei} not that I know
[10:52] {jfjf64} seems lk little genious try to listen to him
[10:53] {ese} hey vad....took one of the kids to school...missed it
[10:53] {ese} L Zion .57
[10:53] {nemo} bby kissing its 200ma, might be ready for a turn
[10:54] {magoo} bacon 18
[10:55] {nemo} spy and Qs within few cents of 200 ma's also, bounced there last time
[10:57] {Les} out caas +.14
[10:57] {Threei} wtf
[10:57] {Threei} umm
[10:57] {Threei} wtg
[10:57] {Threei} lol
[10:58] {Les} oh you were speaking to me!
[10:58] {Les} now I've been insulted by Vad as well....
[10:58] {Threei} {--- goes back in cave to work on his abbreviations
[10:58] {Les} CHINA
[10:59] {Threei} that's actually an honor Les... I don't insult people I don't care about, I ignore them
[10:59] {ese} out zion .66 +.09
[10:59] {magoo} awwwwww...u really do like magoo
[10:59] {Threei} I so do
[10:59] {Threei} lol
[10:59] {jfjf64} uaua
[11:00] {jfjf64} lk .20 break
[11:00] {jfjf64} 5 min nice trend line
[11:01] {Threei} chart's a beauty jf
[11:01] {Threei} ascending triangle
[11:01] {Les} yeh i'll follow u on that one
[11:03] {Threei} US Fed's Bernanke: There are no plans to monetize the debt
[11:03] {nemo} why would they have to have plans, they've already done it
[11:03] {Threei} have not been doing so
[11:06] {magoo} OUT BAC .04, forgot it lol
[11:07] {Threei} UAUA's working
[11:07] {jfjf64} half out
[11:10] {jfjf64} here we go
[11:11] {Threei} drive toward 11K starts
[11:11] {Threei} larisa... any bets?
[11:11] {larisa} bet with magoo
[11:12] {Threei} why?
[11:12] {Threei} he is permabull
[11:12] {Threei} I'll say 12K, he will ask why not 13
[11:13] {Threei} and he doesn't drink no carrot juice
[11:13] {larisa} and i am tired of saying I am not betting :) you are just like Les, not listening
[11:13] {Les} ouch
[11:13] {larisa} lol
[11:13] {Threei} lol... that's a drive-by shot
[11:14] {Threei} she aimed at me Les, you are collateral damage
[11:14] {Threei} I am listening larisa, I am simly not accepting... :)
[11:14] {Threei} UAUA, 1/4 more out
[11:15] {jfjf64} yeah ha
[11:15] {magoo} not much a stretch to hit 11k imo
[11:15] {Threei} no
[11:15] {Threei} within easy reach
[11:15] {Threei} 70 points is nothing
[11:15] {jfjf64} 5k shares 5 cent stop
[11:16] {ese} L len .40
[11:16] {jfjf64} out
[11:18] {Threei} wtg
[11:19] {larisa} AMZN up so much on no news?
[11:19] {Threei} pretty much
[11:19] {Threei} the only thing yesterday in the evening is not really positive
[11:20] {Threei} 8:35:34 PM
[11:20] {Threei} Apple Inc Some advertisers have shown interest in the iPad - NYT
[11:20] {Threei} - FedEx has bought advertising space on some iPad applications.
[11:20] {Threei} - FedEx plans to run ads on publisher applications for 90 days after the introduction.
[11:20] {Threei} - Chase Sapphire has bought out the New York Times iPad advertising units for 60 days after the introduction.
[11:20] {Threei} - Also, Unilever, Toyota, Korean Air and Fidelity have booked space on Time's iPad application.
[11:20] {Threei} - In terms of pricing, iPad advertisements on print publishers applications cost in the range of $75-300K for a few months exclusivity.
[11:20] {Threei} - Publications such as People and Time are charging flat fees as opposed to pricing based on how many times an ad is shown.
[11:20] {Threei} since iPad is considered potential Kindle killer, it's kind of "bad news" for AMZN
[11:21] {Threei} but Kindle is not that big part of its earnings
[11:21] {nemo} depends...
[11:21] {nemo} ipad sounds like it'll become mobile tv
[11:21] {nemo} can be left alone and read a book
[11:22] {nemo} kindle might do o.k.
[11:23] {nemo} QCOM might have forme a bottom here
[11:24] {nemo} maybe the ol' inverse H&S
[11:29] {magoo} dammit, missed my RIMM recross 74, what a trade it coulda shoulda...
[11:30] {Threei} wow
[11:30] {Threei} no kidding
[11:30] {Les} hell yeh
[11:30] {Threei} I fiorgot all about it too
[11:30] {Threei} to be fair, it broke 74 on a long green bar
[11:30] {magoo} and i pay u to remind me lol
[11:31] {Threei} most likelty I'd skip it anyway
[11:31] {nemo} I was looking at it when it recrossed 73.80 oy vay
[11:31] {Les} lvs. you see anything here vad?
[11:31] {Threei} 22 break...
[11:31] {Threei} not entirely confident about it
[11:32] {nemo} offer .97
[11:32] {Les} 200ma is resistance here
[11:32] {Threei} 60 points left
[11:33] {Threei} Toyota Motor Corp Production capacity may be trimmed by 120K units from the current 290K through UK plant downsizing - Nikkei news
[11:33] {Threei} - Mgmt expected to offer 20% of the workforce in the UK an early retirement package
[11:34] {fernp} VXX double bottom, Vad?
[11:34] {Threei} I'd rather bet on breakdown...
[11:34] {fernp} yes, true
[11:34] {Threei} market starts feeling magnetism of 11K
[11:34] {fernp} ty
[11:35] {Threei} VXX makes new 52 week (and all time) lows
[11:35] {Les} is it something they'd reverse split eventually?
[11:35] {Threei} (GR) Greece PM Papandreou: Economy will be prosperous and viable; will place 'house in order'; Euro must be stabilized - comments to reporters
[11:36] {Threei} who knows Les
[11:36] {Threei} look at SRS
[11:37] {Threei} why didn't they still
[11:37] {Threei} they split FAZ/FAS
[11:37] {nemo} 1:10 reverse
[11:37] {Les} does vxx have decay factor like the ultras?
[11:37] {nemo} they should probably split fas and reverse faz again
[11:37] {Threei} no idea
[11:41] {_shorty} Threei, how many trades do you do in a typical day?
[11:42] {Les} aig approaching previous high. might be db
[11:42] {Threei} depending on markert activity
[11:42] {Threei} anywhere from 5 to 30
[11:42] {Les} I think you did 1 once
[11:42] {Les} 1 single setup
[11:43] {Les} that was a boring day
[11:43] {Threei} I guess that was Sunday
[11:45] {_shorty} I read your Trading Psychology, I am in stage 2 right now. That was a really good article Threei.
[11:45] {nemo} looks like next run setting up
[11:45] {magoo} dammit BAC
[11:46] {Threei} ty
[11:46] {nemo} fas up almost 7 bucks
[11:46] {_shorty} Do you see a set up for QCOM?
[11:46] {Threei} not really
[11:46] {Threei} flatlined
[11:46] {Threei} and feels short more than long
[11:46] {_shorty} Taking profits.
[11:47] {Threei} BSX FDA will not accellerate review of manufacturing changes - WSJ (7.00, -0.04, -0.57%)
[11:48] {ese} hmmmmm I need len to make a move this time or i'll be out.....thought it would go with the market on that last run
[11:48] {nemo} qcom third test of this level
[11:49] {Threei} (EU) EU commission reaches prelim deal wit US to on liberalizing trans atlantic flights, "Open Skies"; still requires Congressional approval
[11:49] {Threei} - deal allows for majority ownership in any of the airlines by either EU or US companies
[11:49] {Threei} - Note: the US and Japan finalized an "Open Skies" agreement in December
[11:49] {Threei} don't know how this could impact UAUA
[11:49] {ese} brings to mind a thought ..."everyone knows what thought did" "stuck his head in a hole and thought it woud grow"
[11:52] {Les} somx looking to challenge 10 again
[11:54] {Threei} (GR) Austria Official: No detailed decision expected on deal for Greece today
[11:54] {Threei} - Note: Earlier EU's Juncker noted increasing confidence that a deal on Greece would be reached later today
[11:57] {Les} qcom
[11:57] {RonS} TIE trading heavy
[11:57] {_shorty} Short QCOM 42.85, cover 42.73
[11:57] {nemo} qcom 200 around 42.60
[11:58] {nemo} interesting though les...bottomed 3 times at .75 then momentarily spiked through on high volume, regainint .75
[12:00] {Les} yeh which makes it a 50/50, using Vad's parlance. another gentle drop required for setup
[12:01] {magoo} magoo looks up the word parlance in his pictionary
[12:01] {_shorty} lol
[12:01] {fernp} .70 break FAZ, Vad?
[12:01] {nemo} yeah...Jack Parlance
[12:02] {Les} don't mind me
[12:02] {_shorty} To speak, french for parler.
[12:03] {nemo} or russian
[12:03] {Les} parlance probably derived from french parlance
[12:03] {Les} parler
[12:03] {ese} out LEN .48 +.08 with 16k of the little bugars
[12:03] {magoo} still cant find it...whats it look like?
[12:03] {Les} sweet
[12:03] {RonS} per les
[12:03] {Les}
[12:04] {nemo}
[12:04] {Threei} can't tell fern
[12:04] {magoo} his pictionary
[12:04] {nemo} fern
[12:04] {magoo} pic
[12:04] {Les} interesting nemo, I'll bookmark that site ty
[12:05] {fernp} tell me nemo
[12:05] {Les} PMI at yesterday's close
[12:05] {nemo} fern fas about to make contact with the 50 ma. See how that reacts before going to faz, we're also coming into lunch
[12:05] {_shorty} QCOM support again
[12:06] {fernp} thank you nemo :-)
[12:06] {nemo} imo...fas has been so strong and it's lunchtime
[12:08] {nemo} fas held that high volume support from the 11:23 area, see
[12:08] {fernp} yes
[12:08] {fernp} FAS is strong
[12:09] {nemo} yeh, maybe shorting faz would be better today
[12:09] {fernp} shoted that 13 break
[12:09] {fernp} was nice
[12:10] {_shorty} Think there is a set up for ZION at 23.65?
[12:13] {Threei} I would avoid standard setups at this time
[12:15] {_shorty} Thanks.
[12:16] {Les} qcom coming down
[12:20] {Threei} UAUA cares not
[12:20] {Threei} just chugging along
[12:22] {fernp} DIS is also strong today
[12:23] {magoo} ALERT..history channel vad the impailer
[12:25] {RonS} impailer sounds like a milk farmer
[12:25] {magoo} dont look ITMN vad
[12:25] {Threei} never
[12:25] {Les}
[12:25] {Les} sorry vad, just looking at article on russian incursion into uk airspace
[12:26] {Les} what's written please?
[12:26] {Threei} a name
[12:26] {Threei} first and last
[12:26] {nemo} "Les is a ...."
[12:26] {Les} person?
[12:26] {Threei} vasily Reshetnikoff
[12:27] {Les} ok thanks
[12:27] {RonS} namesake of vaseline?
[12:27] {Threei} not really
06[12:27] * nemo slaps RonS around a bit with a large trout
[12:27] {RonS} :)
[12:28] {Threei} but I see how the image could take you there
[12:28] {nemo} oh....that's bad
[12:28] {nemo} vad
[12:28] {Threei} will hace to edit the log?
[12:29] {nemo} wasn't literal, just between the lines
[12:29] {Threei} or can just say it's Ron's fault?
[12:29] {Threei} and les's
[12:29] {Threei} and yours
[12:29] {nemo} yeah, if it weren't for his provocative comment
[12:29] {nemo} I had nothing to do with it, other than if you thought, "Oh, NEMO will get a kick out of this."
[12:29] {_shorty} This chat room is fun, I guess I will sign up for another free week next week Threei!
[12:30] {Threei} lol
[12:30] {Threei} well nemo, you can't blame me for adding you to a bunch every time something untoward happens
[12:30] {nemo} yeah, guilt by association...understood
[12:30] {Les} nothing less than what he deserves
[12:31] {larisa} got 1+ on AMZN short , do not try this at home :)
[12:31] {Threei} wtg larisa
[12:31] {Threei} that's really gutsy
[12:31] {RonS} that has been the toughest short...wtg
[12:31] {larisa} had to use both accounts, not enough money in 1 :)
[12:31] {nemo} where'd you enter larisa
[12:32] {larisa} scaling in small nemo
[12:32] {larisa} 136.54 136.85
[12:33] {larisa} did not wait for confirmation.. 12:08 would be perfect entry. was tooo early
[12:33] {strider} good goin', larisa.
[12:34] {nemo} Nice, pretty, brains...oy vay
[12:34] {larisa} shaking here a bit :) reaction :)
[12:34] {Les} thrill of the hunt
[12:34] {nemo} No it's me...I do that to women
[12:35] {strider} Right before they take out the restraining order.
[12:35] {Les} blaagh
[12:35] {larisa} AMZN hates to reverce, very stubborn stock
[12:35] {Threei} SIRI Hearing Lazard making positive comments (timing uncertain) (0.90, +0.01, 1.67%)
[12:35] {nemo} strider...ordinarily, that would merit an "attaboy"
[12:36] {nemo} but you see dear boy, that was much too easy
[12:36] {strider} Flattery will get you nowhere.
[12:36] {strider} SIRI.......two cent range.
[12:36] {nemo} It wasn't flattery...I laid it out there on a frickin silver platter for ya'
[12:37] {Les} c'mon nemo, that wasn't bad
[12:37] {strider} Why does SIRI trade that way?
[12:38] {Les} qcom might have a .50 b/d coming
[12:38] {Threei} enormous float
[12:38] {Threei} typical scalp type I stock
[12:38] {Threei} for ese
[12:38] {nemo} No, it was o.k., but I expect more out of strider
[12:38] {Les} really, when you belittle him as nothing more than a country hick?
[12:39] {_shorty} So ese style is to scalp 5 cents on huge amount of shares?
[12:39] {_shorty} give or take a penny
[12:39] {nemo} I never said he was a country hick?
[12:39] {Threei} well, he will take more than 5 if he can
[12:39] {Les} qcom .50 b/d?
[12:39] {Threei} but that's the gist of type I
[12:39] {strider} I am an Appalachian-American.
[12:39] {nemo} he he he
[12:40] {nemo} never hear that one before
[12:40] {_shorty} That is something I have been doing for about 1 month, but I don't have the capital yet to trade a big amount of shares.
[12:40] {strider} Of course not. You're in Boston.
[12:40] {nemo} that hurt
[12:40] {strider} We don't come up there unless we're invading.
[12:40] {Threei} not sure Les... chart's right...
[12:41] {Les} low vol. bounce. will wait and see
[12:44] {strider} Gotta go make some guaranteed income.
[12:44] {strider} Back in awhile.
[12:44] {Threei} did SIRI .896 - .91
[12:44] {Threei} got out at the offer, so liquidity rebate really helped
[12:44] {fernp} DIS 1:1
[12:46] {nemo} solid volume day so far
[12:47] {nemo} here we go
[12:48] {Les} cat .40 break?
[12:49] {larisa} want to note, when you do side by side trades on MBT and Laser, like i do, you can see how much faster laser fills are. Even MBT pending orders fade away too slow after completion :)
[12:52] {Les} starting to warm to laser
[12:52] {Threei} you've been cold to it not even trying it?
[12:52] {larisa} lol
[12:53] {larisa} when you get used to something, hard to let go :)
[12:53] {Les} nyah nyah nyah
[12:53] {Les} yes, but noticing delays in order receipt with IB. starting to irritate
[12:53] {Les} especially around opening
[12:54] {larisa} never tried IB
[12:56] {magoo} freakin bacon
[12:57] {ese} take care all....cya tomorow
[12:57] {Les} ciao ese
[12:57] {_shorty} Bye
[12:57] {ese} ciao
[12:58] {ese} shorty
[12:58] {larisa} wow, 50 points til 11K ? just noticed
[12:58] {larisa} bye ese :)
[12:58] {Threei} take care ese
[12:58] {Threei} 55
[12:58] {fernp} bye ese
[12:59] {Threei} come on larisa... not much time left to make that lucrative bet
[13:00] {larisa} I am capricorn, way more stubborn than you are :)
[13:00] {Threei} now, that is very hard to believe
[13:03] {fernp} X .10 breakdown w stop above .20, Vad?
[13:04] {Threei} nah
[13:04] {Threei} better try aggresive entry
[13:04] {Threei} near .20
[13:05] {fernp} ty
[13:05] {Threei} breakdowns take it 2-3 cents lower, then it bounces to the resistance
[13:07] {Les} seed vad
[13:07] {Les} .12 b/d?
[13:07] {Les} half shares
[13:08] {Threei} there is just not enough ectivity there for me to get any kind of read
[13:08] {Les} ok
[13:09] {Threei} big bid at .13 is the only helpful thing
[13:09] {Threei} maybe if it gets broken...
[13:09] {Threei} but look at T&S
[13:09] {Threei} trades by appointment
[13:12] {Threei} 7261.JP Toyota to help Mazda launch hybrid by supplying key parts
[13:12] {Threei} lol... Toyota supplies gas pedal?
06[13:12] * larisa slaps Threei around a bit with a large trout
[13:13] {Threei} am I the only one who finds it funny?
[13:14] {Threei} NSANY Nissan, Daimler In Talks For Mutual Stakes
[13:14] {_shorty} I just read that Threei.LOL
[13:15] {Threei} whew... thank you
[13:15] {Threei} I was about to sell my sense of humor to a thrift store
[13:15] {_shorty} I am a stay at home dad, so sometimes I am away drinking, I mean taking care of my kids.
[13:16] {Threei} right
[13:16] {larisa} healthcare reform activist it off the fingertip of of a counter-demonstrator. now this is funny :)
[13:16] {larisa} bit off :)
[13:17] {Les} lol no that was funny
[13:17] {Threei} that's old one larisa
[13:17] {Threei} and jeez, aren't you a blood-thirsty one
[13:17] {larisa} I know, from 2009.. today they just give each other black eyes :)
[13:17] {Threei} I thought carrot juice drinkers were very peaceful
[13:18] {larisa} no, hormones in meat keep you peaceful.. vegetable eaters are wild :)
[13:19] {Threei} wow
[13:19] {Threei} that kind of changes my outlook on the world
[13:21] {Les} be wary of those bunny rabbits
[13:22] {Threei} I met a guy with broccoli in his hand the other day
[13:23] {Threei} had no idea what danger I was in
[13:23] {Les} wow seed decided up
[13:24] {Threei} all the while I was absolutel;y harmless and even defenseless with all the bacon in my bloodstream
[13:24] {_shorty} lol
[13:24] {Threei} UAUA decent drop
[13:25] {_shorty} Think cresto Threei, eat all the bacon you want!
[13:25] {_shorty} crestor
[13:25] {Threei} I don't believe in cholesterol
[13:25] {Threei} it's a propaganada by drugmakers
[13:25] {_shorty} I knew it! We need to talk Threei.
[13:26] {Threei} met anyone after 45 with no elevated cholesterol?
[13:26] {_shorty} My dad.
[13:26] {Threei} frikin 41% of population of Canada has it
[13:26] {Threei} what dos it tell you?
[13:26] {Threei} I mean dost
[13:26] {_shorty} We like bacon?
[13:27] {Threei} that too
[13:27] {Threei} but mainly, it's normal state for human being
[13:27] {_shorty} I live in Alberta, it's a prerequisite to live here.
[13:28] {Threei} there is a good reason for those multiple studies that show no connection between taking antistatins and diminishing of heart attacks
[13:28] {larisa} shorty, threei does not believe smoking is bad for you also :) he believes if you enjoy something, it is good for you :)
[13:29] {_shorty} lol
[13:29] {_shorty} Still LMAO Larisa
[13:29] {Threei} you got it larisa
[13:29] {Threei} still, I did quit smoking
[13:29] {_shorty} Sign me up for three free weeks of this Threei!
[13:30] {Threei} and guess what
[13:30] {Threei} my blood pressure shot throug the rof ever since
[13:30] {_shorty} You started smoking again?
[13:30] {Threei} no
[13:30] {_shorty} I quit smoking when I had my gave birth to our first child.
[13:30] {_shorty} wife
[13:31] {_shorty} I screwed up that sentence.
[13:31] {nemo} dying of small cell lung carcinoma is a brutal way to go
[13:32] {_shorty} That sounds horrible nemo.
[13:32] {larisa} vad, for every 2.2 pounds of weight loss, your blood pressure drops by 1 mm.
[13:33] {Threei} doesn't sound encouraging larisa
[13:33] {_shorty} lol
[13:33] {larisa} minus sodium :)
[13:34] {Threei} plus bullet to the head
[13:34] {Threei} put me out of my misery
[13:34] {Threei} (GR) Franco-German "last-minute agreement" on aid package to Greece is for 22B - Le Figaro
[13:34] {Threei} - Paris and Berlin have agreed on the terms of a bailout for Greece. The agreement provided a budget of 22 billion euros "as a last resort." The assistance will be released in case of inability to Athens normally finance markets.
[13:34] {Threei} - The European framework consists of coordinated bilateral loans which Member States would have to contribute, with the IMF granting financing through additional loans.
[13:34] {Threei} - The text must still be submitted to EU President Van Rompuy.
[13:35] {nemo} dollar hasn't crashed yet
[13:36] {RonS} ...euro holding...
[13:37] {nemo} indices back to support
[13:37] {nemo} frickin' greeks are gonna spoil the 11k party
[13:38] {larisa} it is not them :)
[13:38] {nemo} it is they
[13:40] {Threei} (GR) Greek official: Franco-German aid plan is acceptable, provides a message of stability
[13:42] {magoo} QCOM
[13:43] {RonS} ...hearing another bad auction....tnx to 3.913%
[13:43] {Threei} yeah, that .50 break Les spotted was tight
[13:44] {Threei} auction was at 1
[13:44] {Threei} - Indirect bidders take 41.87% of competitive bids, with 83.04% allotted at the high
[13:44] {Threei} - Direct bidders take 8.11%, primary dealers 50.02%
[13:44] {Threei} - Median 3.289%, low 3.229%
[13:44] {Threei} - Bid to cover lowest since May 28th, 2009.
[13:44] {Threei} this wave of selling came 30 min later
[13:45] {Threei} so I doubt it's related
[13:46] {nemo} spy just hit the open and R2, see if it stabilizes here
[13:49] {nemo} oh oh
[13:50] {magoo} l qcom .20 RISKY
[13:50] {magoo} stop .97
[13:52] {Threei} EUR/USD Moves to fresh 10-month lows below 1.33 as markets digest reported Greek aid package and IMF involvement
[13:53] {RonS} TIE banging on the drop door
[13:55] {Threei} Long Setup: UAUA .10 break if stays above .05 and with market bouncing
[13:57] {Threei} modification, .05 break if holding 20
[13:57] {Threei} CAAS Hearing Rodman & Renshaw raises price target to $30 from $18 (timing uncertain)
[14:00] {Threei} Market Internals update at 2:00ET
[14:00] {Threei} - NYSE volume 630M shares, about 3% above its three-month average; advancers lead decliners by 1.8:1.
[14:00] {Threei} - NASDAQ volume 1.67B shares, about 22% above its three-month average; advancers lead decliners by 2.1:1.
[14:00] {Threei} - VIX index -2.75% at just over 17.00
[14:01] {Threei} over 1:1
[14:01] {Threei} 1:2
[14:01] {fernp} ty Vad
[14:01] {Threei} out
[14:01] {Threei} welcome
[14:01] {Threei} did we have any stops today?
[14:01] {_shorty} I did Threei.
[14:02] {Threei} on calls I mean
[14:02] {Threei} if you had some on your own, I could take responsibility for them of course if you insist
[14:03] {_shorty} lol
[14:03] {Threei} 'cause ya know... I am married
[14:03] {Threei} thus got used to take blame
[14:03] {Threei} for rain
[14:03] {Threei} earthquakes
[14:03] {Threei} plane delays
[14:03] {_shorty} Lack of experience to trade early this morning. The market shock me out twice.
[14:04] {_shorty} lol
[14:04] {_shorty} I get the blame too, does your wife have a long lost sister?
[14:05] {_shorty} Thanks for the UAUA set up Vad.
[14:05] {Threei} welcome
[14:05] {Threei} they are all sisters
[14:05] {Threei} all
[14:06] {_shorty} They are bigger then the freemasons Threei.
[14:07] {nemo} reason we're still not in the garden of eden
[14:08] {Threei} well, present company excluded
[14:09] {Threei} US) Reportedly US Senate has votes needed to pass House amendments to the heathcare bill
[14:09] {Threei} lol, that is one funny game
[14:10] {Threei} republicans press dems to vote no on things like "guarantee no new taxes on people earning under 200K"
[14:10] {Threei} or "guarantee no cuts to medicare"
[14:10] {Threei} they vote yes, bill is dead,
[14:10] {Threei} they vote no - they give awesome weapon to reps in the election
[14:11] {larisa} they will not have fingers to vote
[14:11] {Threei} rofl
[14:12] {Threei} meanwhile, guess who is on TV
[14:13] {nemo} Lolita Davidovich?
[14:13] {Les} salma hayek?
[14:15] {magoo} looky qcom
[14:16] {Threei} (GR) US Treasury Sec Geithner: Confident that Europe can find a solution for Greece
[14:17] {Threei} (GR) Two robins on the birch tree branch: Do you think we are the last ones who haven't commented whether Europe can find a solution for Greece?
[14:17] {Threei} - As an IMF member, Greece has the right to seek aid from the organization
[14:26] {Threei} I have a nagging suspicion 11K won't happen today
[14:26] {Threei} larisa missed out on a big box of carrot juice
[14:30] {Les} PMI shaping up as a decent type 1 short. massive bid to chew thru at .18 though
[14:30] {Threei} CAAS
[14:31] {RonS} Col Kurtz reversal day
[14:32] {_shorty} Senate past healthcare.
[14:32] {nemo} the beauty of sheer terror
[14:32] {RonS} "the horror"
[14:32] {_shorty} passed
[14:32] {nemo} yes
[14:33] {nemo} tough to be vaccinated back then
[14:33] {RonS} ?
[14:33] {_shorty} lol
[14:33] {nemo} what was the example of horror he cited?
[14:33] {_shorty} nice one nemo
[14:33] {nemo} TY
[14:34] {_shorty} I can't write today, or just can't write at all.
[14:34] {RonS} enlighten me
[14:34] {_shorty} I wrote past, not passed. Past is the past.
[14:34] {nemo} yeah...didn't call you on it shorty
[14:35] {_shorty} I would have nemo. I would have made fun of me.
[14:35] {nemo} he was military support in a mission sent to vaccinate natives
[14:35] {nemo} the local opposition guerillas "amputated" the vaccinated arms
[14:35] {RonS} kurtz was brando
[14:35] {nemo} yes
[14:36] {nemo} that was the scene with Martin Sheen on "horror"
[14:36] {RonS} i guess i am screwed up. i thought that was brando's line...
[14:37] {nemo} it was
[14:37] {nemo} that was the example he gave
[14:37] {Threei} CAAS nice bounce
[14:37] {nemo} was also lawrence fishburne's first movie
[14:37] {Threei} anyone had guts to go for it?
[14:37] {fernp} not here
[14:38] {nemo} not my type either
[14:38] {fernp} the spread is normally my typical 1:1 lol
[14:39] {RonS} ...the tiger scene with the sous chef is my fave
[14:39] {nemo} you like the .05 stops
[14:39] {nemo} oh yeah, that was funny
[14:40] {RonS} ...harrowing with a good surround system
[14:40] {fernp} too dangerous for me CAAS
[14:47] {Les} how the might fall - PRGO
[14:48] {_shorty} Need to take the kids out. I will talk to you guys tomorrow. Happy end of day trading all.
[14:48] {Les} ciao shorty
[14:48] {Threei} take care shorty
[14:49] {fernp} bye shorty
[14:49] {Les} aapl tanked
[14:52] {Threei} pretty much everything did
[14:53] {Les} ah yeh. looking at spy
[14:53] {Threei} 11 years boy fights for health care reform on TV
[14:54] {Threei} how I hate these propaganda methods
[14:59] {RonS} vad, this site is killin me, harry reid in the ad space...
[14:59] {Threei} which site?
[14:59] {RonS} mibbit
[14:59] {Threei} oh
[14:59] {Threei} that's third party, not ours
[15:00] {Threei} just an application
[15:00] {Threei} swicth to mirc, no ads
[15:00] {larisa} switch to MIRC Ron, you will like it
[15:00] {RonS} i figured...but sheesh...ever been to Searchlight NV, reid's hometown. no wonder the guy is such a crook
[15:01] {nemo} it's a prerequisite for office
[15:01] {nemo} gotta go 2 morow...I think
[15:01] {Threei} take care nemo
[15:01] {larisa} bye :)
[15:01] {RonS} cya nemo
[15:02] {fernp} adios nemo
[15:02] {nemo} hasta manana
[15:03] {fernp} A strong today
[15:19] {Threei} JAZZ Discloses receives notice from Lonza Inc of intent to terminate Sodium Gamma Hydroxybutyrate Development and Supply Agreement - filing (12.38, -0.45, -3.51%)
[15:24] {RonS} was obama driving?
[15:25] {strider} anybody here?
[15:25] {magoo} ya
[15:26] {magoo} comp crashed there for few tho
[15:26] {strider} I see.
[15:26] {Threei} interesting quiet
[15:27] {Threei} not hunting for trades really, but want to see how end of day resolves
[15:27] {Threei} who blinks
[15:31] {Threei} Market Internals update at 3:30ET
[15:31] {Threei} - NYSE volume 815M shares, about 2% above its three-month average; advancers lead decliners by 1.6:1.
[15:31] {Threei} - NASDAQ volume 2.13B shares, about 20% above its three-month average; advancers lead decliners by 1.5:1.
[15:33] {Les} getting harder to bust that 11k target
[15:33] {strider} Financials drooping.
[15:34] {strider} gonna make another run for it?
[15:40] {RonS} ...selling the winners. check clf
[15:42] {fernp} Good evening everybody. See u all tomorrow
[15:42] {RonS} good thing dino is playing golf
[15:42] {Les} ciao fern
[15:42] {Threei} take care fern
[15:42] {RonS} cya fern
[15:46] {strider} Geez, everybody was so optimistic this morning. What happened?
[15:46] {larisa} not everybody :)
[15:46] {Threei} maniac-deperssive
[15:46] {strider} yeah. what you said.
[15:46] {Threei} elated this minute, depressed next
[15:46] {Threei} yesterday they couldn't get out fast enough
[15:47] {Threei} in the morning there was nthing they wouldn't buy
[15:47] {Threei} not they want none of that
[15:47] {Threei} you are not married or what
[15:47] {strider} who, me?
[15:47] {Threei} sure
[15:48] {strider} My wife is very frugal.
[15:48] {strider} I have to force her to spend money.
[15:48] {strider} I don't do that often.
[15:48] {larisa} lol
[15:48] {RonS} sounds like nirvana
[15:48] {lasertrev} magoo dcc
[15:49] {strider} If something breaks, she just figures out how to get along without it.
[15:50] {larisa} I ask hubby to fix it :) most of the time he can.. but somehow i tend to break things..
[15:51] {strider} She drove a VW beetle from 1967 to 2002
[15:51] {strider} and I mean the same car.
[15:51] {larisa} so what if she liked it
[15:52] {strider} She did. Had to pry her out of it.
[15:52] {larisa} she keeps you for how many years ?
[15:52] {strider} not so many.
[15:52] {Threei} lol
[15:52] {strider} Just since 1994.
[15:52] {larisa} so do not change her habit to keep things around :)
[15:53] {strider} absolutely not.
[15:57] {Les} managed to trade 104'000 pretend shares of PMI today
[15:57] {Les} gives me an idea of how ese does his thing
[15:57] {larisa} profitable?
[15:57] {Threei} bulls really blinked today
[15:57] {Threei} first time in a long time
[15:58] {RonS} les, until, if, and when you do it with real money you will have no idea
[15:58] {strider} Hope it follows through.
[15:58] {RonS} ...vad, fundies booking their quarter. had to happen some time
[15:58] {Les} no, but not hurting bad either. You can clearly see where I went right and wrong on PMI. Trend trades were good, the rest *hit
[15:59] {Les} not so Ron
[15:59] {strider} I think Les has an idea....
[15:59] {Les} slightly different setup to vad
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {strider} what did I do?
[16:00] {Les} ty and ciao
[16:00] {magoo} ty
[16:00] {larisa} Emotions will fly with big shares. Not for everybody for sure :)
[16:00] {larisa} bye all
[16:00] {RonS} ciao