Friday, March 26, 2010

Mar 26 2010

Couple nice trades, long on RCL and short on CAT for bigger gains and a small stop, some scalps here and there - pretty much uneventful end to profitable week

Session Time: Fri Mar 26 00:00:00 2010
[08:16] {Threei} (US) Preview: Q4 Final GDP Annualized and Personal Consumption due at 8:30ET
[08:16] {Threei} - Q4 Final GDP Q/Q (annualized): 5.9%e v 5.9% Q4 preliminary (estimates range from 5.5% to 6.0%)
[08:16] {Threei} - Personal Consumption: 1.7%e v 1.7% preliminary
[08:16] {Threei} - GDP Price Index: 0.4%e v 0.4% preliminary
[08:16] {Threei} - Core PCE Q/Q: 1.6%e v 1.6% preliminary
[08:16] {Threei} (GE) German Chancellor Merkel: Reiterates that important decisions on Greece will help the euro - press conference
[08:16] {Threei} - Reiterates bilateral credit agremeents with IMF are last resort only.
[08:16] {Threei} - Must look at legal changes to the stability pact.
[08:16] {Threei} - Will not allow euro to be destabilized
[08:20] {Threei} GR EU's Juncker: reiterates does not believe Greece will need financial aid
[08:20] {nemo} I'll take the other side of that bet
[08:21] {Threei} shooting fish in a barrel, I see
[08:21] {nemo} if every trade could be that way
[08:22] {nemo} Interesting, we're where we were yesterday morning at this time
[08:30] {Threei} US) Q4 FINAL GDP PRICE INDEX: 0.5% V 0.4%E; CORE PCE Q/Q: % V 1.6%E
[08:30] {Threei} *(US) Q4 FINAL GDP Q/Q ANNUALIZED: 5.6% V 5.9%E; PERSONAL CONSUMPTION: 1.6% V 1.7%E
[08:56] {nemo} mmmmmhhhhh...rimm recovered yesterday's high and is hanging out there
[08:58] {Threei} some news items onit
[08:58] {Threei} March 25, 2010 11:26:31 PM
[08:58] {Threei} Research in Motion Ltd Bank of America/Merrill reiterates Buy rating ahead of Q4 earnings
[08:58] {Threei} - Lists 7 factors which should support RIMM's shares including the Q4 earnings call on March 31 and the April 26th analyst day.
[08:59] {Threei} Lenovo Group Ltd To begin offering a smartphone on April 19th as a competitor to iPhone - China Business News
[08:59] {Threei} 06:44 RIMM JPMorgan Raised RIMM to Overweight from Neutral, price target: $84
[08:59] {Threei} - On valuatio
06[09:07] * nemo slaps strider around a bit with a large banjo
[09:10] {Les} hillbilly basher
[09:11] {ese} good morning
[09:11] {nemo} do you know why I picked the banjo?
[09:11] {Les} do tell
[09:11] {nemo} you're the movie buff
[09:12] {Threei} ese, les :)
[09:12] {nemo} dude
[09:12] {ese} vad les dud
[09:12] {Les} ese, vad
[09:12] {ese} dude
[09:12] {nemo} nice ese
[09:12] {Les} no I'm not
[09:14] {_shorty} good morning
[09:15] {nemo} Deliverance
[09:15] {Les} hi shorty
[09:15] {Threei} shorty :)
[09:15] {Les} ok. I copied this film once, didn't get round to seeing it
[09:18] {Threei} ECB Bini Smaghi stresses the importance that there is a solution for Greece
[09:18] {Threei} - need to make certain that budget surveillence is firmer
[09:18] {Threei} Greek PM: Do not believe Greece requires further budget austerity measures
[09:19] {Les} anything on your list vad?
[09:21] {lasertrev} morning
[09:21] {Threei} trev :)
[09:21] {Threei} nothing but uisual suspects
[09:22] {Les} k
[09:24] {strider} trev, dcc please
[09:26] {jfjf64} mornin
[09:26] {nemo} haroo
[09:26] {Threei} jf :)
[09:28] {nemo} hi lari :)
[09:28] {larisa} gm :)
[09:28] {Threei} larisa :)
[09:28] {Threei} Former Fed Chair Greenspan: Rising Treasury yields are "the canary in the coal mine," jobless rate may come down a bit in next year
[09:28] {Les} hi larisa, jf
[09:29] {nemo} implying what actually?
[09:29] {jfjf64} les
[09:29] {jfjf64} all
[09:29] {Les} that's funny, if he can't predict bubble what is he predicting now?
[09:29] {ese} hmmm will kinda give you a hint about whats to come ....this out on CNN money(Apple officers dump 1 million shares Posted by Philip Elmer-DeWitt March 26, 2010 7:31 AM )
[09:30] {Threei} he needed pocket money to go to movies, ese... popcorn is not cheap, ya know
[09:31] {nemo} rimm sitting up...broke higher
[09:33] {Threei} watching UAUA for pullback
[09:33] {Les} qcom dumped
[09:33] {jfjf64} lvs gentle giant
[09:34] {fernp} Good morning everybody
[09:34] {Les} hey fern
[09:34] {Threei} fern :)
[09:35] {Les} bounce setup qcom?
[09:35] {Threei} LVS, pullvback to .20 -.25 for entry
[09:35] {Threei} UAUA 20 - 20.10
[09:35] {RonS} gm all
[09:36] {Threei} Ron :)
[09:36] {Les} hi
[09:38] {Threei} LVS like clockwork
[09:38] {Threei} exactly .20-.25
[09:38] {Threei} UAUA starts looking like breakout rather
[09:39] {Threei} stop under .30 if you went for it
[09:41] {Threei} ((US) Preview: Mar Final University of Michigan Confidence Index due out at 09:55ET (14:55 GMT)
[09:41] {Threei} **consensus expectation: 73.0e v 72.5 prior
[09:41] {Threei} - most estimates range between 72.5 to 74.0
[09:43] {Threei} Long Setup: RIMM .30 break if stays above .15, half lot
[09:46] {nemo} rim still holding trendline
[09:46] {Threei} modification, .20 breakif holding .10
[09:47] {Threei} semi-agressive
[09:48] {Threei} invalidated
[09:48] {nemo} so much for trendline
[09:49] {Threei} Short Setup: CAT .25 break if holding below .35, half lot
[09:49] {Threei} invalidated
[09:51] {Threei} fade worked perfectly but occured too fast for real trade
[09:53] {Threei} RIMM's secret was just get it on the next leg down, eh
[09:54] {_shorty} STX might go short
[09:54] {nemo} it's been riding 26 ma
[09:55] {Threei} US) MAR FINAL UNIVERSITY OF MICHIGAN:73.6 V 73.0E
[09:56] {_shorty} SS 18.99 STX
[09:56] {Les} .96
[09:57] {fernp} HIG Vad .25 break?
[09:57] {ese} L qcom .04
[09:57] {Threei} if holding .20
[09:58] {Threei} GR) ECB's Bini Smaghi: A European solution on Greece would have been ideal - Bloomberg TV
[09:58] {Threei} - Does not expect a moral hazard in the Greek solution at this time
[09:58] {fernp} 20 or .15?
[09:59] {Threei} if it goes to .15, I would rather start looking for pullback entry, not breakout
[09:59] {fernp} ok, ty
[09:59] {Les} out +.10 stx ty shorty
[09:59] {_shorty} Out too, but too soon I think
[10:00] {_shorty} + 12
[10:00] {ese} out 1/2 .21 +.17 stop to .10 on remainder
[10:00] {nemo} Greece by definition is a moral hazard
[10:00] {Threei} Long Setup: RCL .60 break
[10:00] {Threei} stop under .45
[10:00] {Threei} not a scalp
[10:00] {_shorty} nice Les
[10:01] {ese} ahhh lto heck with it out remainder .31 +.27
[10:01] {Threei} wtg ese
[10:01] {Les} nice score ese
[10:01] {_shorty} nice ese
[10:02] {ese} tks
[10:02] {Les} watch STX for reversal shorty. don't wanna be short on it for too long
[10:02] {_shorty} I am out of STX.
[10:02] {_shorty} Thanks though
[10:02] {Les} sorry, meant I don't wanna be short on it.
[10:02] {_shorty} lol
[10:03] {_shorty} I think it's going to continue lower for the day.
[10:04] {fernp} 1:1 HIG ty Vad
[10:04] {Threei} RCL half out
[10:04] {Threei} stop to under b/e
[10:04] {_shorty} Then again, I might be wrong Les, and you are right
[10:05] {fernp} out RCL ty again Vad
[10:05] {Threei} welcome
[10:05] {Threei} offer 1/4 more above .80
[10:06] {Les} shorty, this is what dino looks for in capitulation. learning not to short such stocks too aggressively
[10:06] {_shorty} Ahh, I see Les.
[10:06] {_shorty} Thanks
[10:09] {Threei} (US) Feds Plosser: Would be willing to sell MBS prior to raising interest rates -WSJ
[10:10] {fernp} M Vad? valid breakout? daily is nice
[10:11] {Threei} if holding .85
[10:11] {fernp} ok
[10:12] {Threei} SEED Hearing vague takeover chatter circulating (10.60, +0.64, 6.43%)
[10:12] {Threei} sure... I wonder when AIG starts its daily routine of spiking
[10:16] {ese} L fitb .72
[10:18] {Threei} RCL, stop for the balance to under .65
[10:19] {Les} out ty.
[10:20] {nemo} just to stay in character, it could drop to that 9:30 spike at .61 and bounce also
[10:21] {ese} out fitb .68 -.04
[10:22] {Threei} well... anything could do anything... but you trade on assumption that it will go with pattern
[10:22] {nemo} I'm doing the Murphy's Law on the rinse
[10:22] {nemo} or thinking it anyway
[10:22] {Threei} there
[10:22] {Threei} that's your biggest mistake {G}
06[10:23] * nemo slaps Threei around a bit with a large mesodactyl
[10:24] {Threei} 1/4 more out
[10:24] {Threei} .85
[10:24] {Threei} stop for the last piece to under .70
[10:26] {Threei} offering last portion .97
[10:27] {Threei} feel free to exit as you see fit
[10:27] {Threei} stop to under .75
[10:28] {_shorty} nice one Threei
[10:29] {Threei} ty
[10:29] {Threei} I have my moments
[10:29] {fernp} good one Vad
[10:30] {_shorty} I am 1 for 1 today, I might quit.
[10:31] {_shorty} Struttin like a rooster with my 12 cents
[10:31] {nemo} watch out for the fox
[10:31] {_shorty} I give him a cut
[10:31] {jfjf64} my thoughts also
[10:31] {_shorty} or a hen
[10:32] {Les} what, off to the pub already?
[10:32] {nemo} he'll take what he wants
[10:32] {nemo} in that negotiation he's the hammer and you're the nail
[10:32] {_shorty} Drop the kids off at day care and to the pub I go!
[10:33] {Les} FYI I'm a home dad as well shorty
[10:33] {_shorty} The best job in the worl Les, IMO.
[10:33] {fernp} M 1:2 ty Vad
[10:33] {_shorty} How many kids Les?
[10:34] {Les} wow you are a scalper Fern, I've got last half offered at .09 on M
[10:34] {Threei} fern :)
[10:34] {Les} and out flat. ty fern
[10:35] {fernp} les, in at .91 stop under .85
[10:35] {fernp} half out at .96
[10:35] {fernp} and 22.00
[10:35] {Les} ok. looking at yesterday's high for 2nd party
[10:35] {Les} didn't work
[10:36] {fernp} :-)
[10:38] {Threei} lol, this is my favorite mistype of the day:
[10:38] {Threei} (IT) Italy PM Berlusconi: Financial conditions do not permit upcoming tax cutes (related EWI )
[10:39] {Threei} how cute is that
[10:39] {Threei} uh oh
[10:39] {Threei} (KS) South Korea Navy ship reportedly fires against an unidentified ship at the North
[10:40] {_shorty} :O
[10:41] {Les} s M .88
[10:42] {Les} qqqq
[10:42] {Les} sorry
[10:43] {Les} uaua showing weakness
[10:48] {Threei} Short Setup: CAT .80 break half lot
[10:49] {nemo} this retrace defining the stop?
[10:49] {ese} L aks .39
[10:49] {Threei} yes, but if uptick above .95, I'd rather modify it for aggressive entry
[10:50] {Threei} .90 break if holding below 63
[10:52] {Threei} (GE) German BDB: Taxpayers must be seen as last resort for financing of bank bailouts
[10:52] {Threei} IMO - no they must be not
[10:52] {Threei} not first, not last
[10:52] {Les} yeh interesting economics
[10:53] {Threei} - All elements of financial system must pay into bailout levy
[10:53] {Threei} - Proposed levy can not be to large; still must seek to avoid creidt crunch
[10:55] {Threei} 1:1
[10:55] {Threei} half or scalp, your choice
[10:55] {Threei} half for me
[10:55] {Les} half ty
[10:57] {Threei} 1:2 baby
[10:58] {Threei} me out
[10:58] {fernp} excellent
[10:58] {Threei} .67
[10:58] {Les} out ty
[10:58] {_shorty} Nice watching you guys trade.
[10:58] {Threei} welcome
[10:58] {Threei} that's only because you don't actually see us
[10:58] {_shorty} lol
[10:59] {_shorty} you are the adult version of a teen playing world of warcraft.
[10:59] {Threei} and getting paid for it
[11:00] {_shorty} A lot more fun
[11:04] {Les} anyone with server issues here?
[11:04] {Les} for chat room
[11:05] {larisa} anybody seen les?
[11:05] {strider} les who?
[11:05] {Les} ha. girl with a sense of humour. that's nasty
[11:05] {_shorty} Who Larisa?
[11:05] {Les} dangerous
[11:05] {larisa} fine here les, no issues :)
[11:05] {_shorty} Fine here too
[11:06] {strider} np with mIRC here
[11:10] {Threei} OK nemo, stop playing with les' connection switch
[11:11] {nemo} :)
[11:11] {Les} some wind around switzerland. didn't lose IB connection, just mibbit server
[11:12] {Les} and no "gas" jokes please
[11:12] {nemo} you were in the military too long
[11:20] {Les} see STX shorty. We covered at right moment
[11:20] {_shorty} I see that Les.
[11:21] {Les} I've bet against dino more than once on such stock action and lost
[11:22] {_shorty} Who is dino?
[11:22] {Les} taking a small holiday
[11:23] {Les} another useful trick I learnt from him is quarterly theory - .00, .75, .50, .25
[11:23] {_shorty} I should be ordering the scalp course soon. I hope it helps me a lot.
[11:23] {Les} so I'll short, but be ready to cover at these points.
[11:23] {_shorty} They are like emotional points in a stock?
[11:24] {Les} nice round quarterly numbers for traders to trade at I guess
[11:25] {_shorty} I read Vad's book "Tape Reading" in one night. It was a good read actually.
[11:25] {nemo} LVS making a nice stealthy up staircase
[11:25] {Threei} in one night?
[11:25] {_shorty} Yup
[11:26] {Threei} I can understand readin part I in one night
[11:26] {Threei} with very big stretch, part II
[11:26] {Threei} but II{ with examples?
[11:26] {Threei} III
[11:26] {_shorty} Also read Jesse Livermore's book in one night.
[11:27] {Threei} that's not a problem, that's pure story
[11:27] {Les} there are examples in that book?
[11:27] {_shorty} That is the fast part, the examples.
[11:27] {Threei} no technical things to discern andabsorb
[11:28] {fernp} FAZ short .95 break you think is valid, Vad?
[11:28] {_shorty} I won't learn them in one night, I will learn them by trading.
[11:28] {Threei} not really indicative level fern
[11:29] {fernp} yeah. ty
[11:35] {_shorty} Jesse's stoty is almost as good as yours Threei. :)
[11:35] {_shorty} story
[11:35] {nemo} suck up
[11:35] {Les} hell no, it's a lot better than Vads
06[11:36] * Threei slaps Les around a bit with a large book of Techniques of Tape Reading
[11:36] {Les} But Vad didn't put his Ukrainian gangster backround in it
[11:36] {Threei} no but it's available online
[11:36] {Threei}
[11:36] {nemo} yeah just call him "Don Vad"
[11:37] {Threei} no... my nick in those circle was The Beard
[11:37] {Threei} let's see how fast shorty reads {G}
[11:38] {nemo} there'll be a test
[11:38] {_shorty} lol nemo
[11:38] {Threei} random question
[11:38] {_shorty} I just got an email that my trial is over, I had to suck up!
[11:39] {Threei} it's being sent by automated system
[11:39] {Threei} good luck negotiating with it
[11:39] {jfjf64} think shorty should meet ivan
[11:39] {Les} uaua hod
[11:43] {_shorty} lol Threei
[11:43] {_shorty} Breaking up a fight between the kids.
[11:43] {_shorty} I don't think I want to meet Ivan. Sounds scary.
[11:48] {_shorty} How long have you been a stay at home dad Les?
[11:48] {nemo} since he gave birth
[11:48] {_shorty} lol
[11:50] {Les} belt up lover boy
[11:50] {_shorty} lol
[11:52] {Les} the Mrs has the career. Been part-time working, looking after kids since birth. stopped all work last year.
[11:52] {nemo} damn can't short itmn
[11:53] {_shorty} This is my part time work. I want to get good at it so I never have to leave the house, except for vacations.
[11:54] {_shorty} Nice steady climb on STX Les.
[11:56] {Les} yeh .00 break was obvious entry
[12:00] {Threei} Market Internals update at 12:00ET
[12:00] {Threei} - NYSE volume 360M shares, about 16% below its three-month average; advancers lead decliners by 2.4:1.
[12:00] {Threei} - NASDAQ volume 925M shares, about 2% below its three-month average; advancers lead decliners by 1.8:1.
[12:00] {Threei} - VIX index -4.1% at just over 17.50
[12:04] {Les} what do you make of .50 break on CAAS vad?
[12:05] {Threei} I'd stay away
[12:05] {Les} ok
[12:07] {Les} somx
[12:10] {Threei} According to South Koreas Yonhap News Agency, a 1,500-ton naval vessel with a crew of 104 sank off of the island of Baengnyeong in the Yellow Sea on March 26. Based on size and crew displacement it is likely either an Ulsan-class guided missile frigate or a Po Hang-class corvette. The incident took place between 9 and 10 a.m. local time. The cause is unknown, but the BBC has reported that a torpedo was involved. Seoul has said there was an explosion at the stern, and it is investigating whether a torpedo attack from North Korea was the cause, according to YTN TV. The contested waters between North and South Korea do see the occasional naval clashes, but the loss of a surface combatant on this scale would be extremely significant.
[12:11] {Les} wow, ship was sth korean
[12:13] {Les} damn somx not shortable
[12:14] {_shorty} I know, I can't either
[12:17] {fernp} GENZ valid, Vad?
[12:18] {Threei} love the chart, hate the time of the day
[12:18] {Threei} right chart at the wrong time...
[12:19] {Threei} House financial service panel sets April 13th date on Obama's anti-foreclosure proposals
[12:19] {fernp} true, thanks vad
[12:21] {Threei} don't see any news fo this dive
[12:23] {nemo} maybe more info came out on that sinking
[12:24] {RonS} or bam on TV
[12:27] {RonS} LEN long or short?
[12:28] {Threei} neither
[12:33] {fernp} you see anything Vad? no news here
[12:33] {Threei} zilch
[12:34] {fernp} :-)
[12:34] {Les} Philadelphia Fed President Charles Plosser says in a Q&A he's comfortable with near-term inflation, but wants a smaller balance sheet and says job creation could kill the "extended period" language.
[12:35] {Les} maybe that?
[12:36] {Threei} I see he spoke on Tuesday
[12:36] {Threei} today's fed speakers:
[12:36] {Threei} 11:30 Fed's Warsh to speak on Fed independence. 16:00 Fed's Bullard and ECB's Papademos to speak in Washington, DC. 18:00 Fed's Tarullo to speak.
[12:37] {Les} ok. strange. it is under "market currents" on seeking alpha 12:25pm
[12:38] {Threei} 06:00 Fed's Plosser to speak on policy issues in Prague., Tiesday, lol
[12:39] {Threei} maybe his plane got stuck and he diecided to speak one more time?
[12:39] {_shorty} lol
[12:39] {Threei} Feds Bullard says weakness in housing data makes him nervous regrading asset sales as an exit tool
[12:39] {Threei} or some good-looking Praguette or how do you call them asked him to speak more, more...
[12:40] {larisa} pragisian
[12:40] {Threei} pragisianette?
[12:42] {Threei} IMF approves $700M tranche to Belarus
[12:42] {Threei} now, why would they do such a thing
[12:43] {Les} still cleaning up Tchernobyl?
[12:43] {Threei} that's Ukraine
[12:43] {Les} ukraine, belarus, same thing
[12:43] {nemo} oh boy
[12:43] {larisa} lol
[12:43] {Threei} Swiss, Switzerland...
[12:43] {Les} just a joke vad, you know me
[12:43] {nemo} sweden...same difference
[12:44] {larisa} World without borders!
[12:44] {Threei} add Holland and mix well
[12:44] {Les} amen larisa
[12:44] {nemo} I like dutch women
[12:44] {Les} I'm sure they like you too
[12:44] {nemo} more or Les
[12:44] {Threei} now, Ballbreaker and Nutcracker are the same thing too, but you wouldn't take you kids to the former, would you
[12:45] {Les} probably...
[12:45] {Les} not
[12:47] {Threei} I give up
[12:47] {Les} catching PMI on its way down
[12:47] {Threei} that was my last attempt at humor in my whoe remaining life
[12:47] {Threei} never again
[12:47] {Threei} just not my thing
[12:48] {Threei} hear that Seinfield? you won
[12:48] {Les} stick to being a joke nazi
06[12:48] * Threei slaps Les around a bit with a large assurance that No Jokes policy is going to be strictly enforced starting NOW
[12:48] {Les} finally got my M short
[12:49] {Les} I would laugh at this moment but fear the consequences
[12:49] {Threei} good
[12:49] {_shorty} STX set up Threei?
06[12:49] * Threei looks around in search of anyone wanting to laugh... smile...
[12:50] {_shorty} :(
[12:50] {Threei} not really, STX
[12:50] {strider} I want to, I really do...but
[12:50] {strider} I just can't.
06[12:50] * Threei unbuttons the holster with Anti-Laughter of 45 caliber
[12:50] {_shorty} I like your patience Threei. I am working on it, so far so good.
[12:51] {Les} I think we may have gone too far this time
[12:51] {nemo} oh, that/ll be loud
[12:51] {Threei} South Korea says its not clear whether North Korea was involved in todays ship sinking
[12:51] {nemo} coupla' subsonic 22s behind the ear
[12:52] {nemo} put a pint water bottle on the end of the barrel...won't hear a thing
[12:52] {_shorty} Now you guys scare me.
[12:52] {Les} nah that's just nemo
[12:52] {Threei} CAT
[12:53] {Threei} thinking short into this bounce
[12:53] {_shorty} Had a good friend in the military, he knew way too much. Could kill me with his thumb.
[12:54] {nemo} left or right?
[12:54] {Threei} A South Korean ship has been sunk in the vicinity of the maritime border with North Korea. While details are sketchy, initial reports suggest that some South Korean naval ships had been involved in combat with an unidentified ship in the area immediately preceding the incident. Other reports suggest that the ship was struck by a torpedo. Yet another indicates a stern explosion.
[12:54] {Threei} Tensions between the two Koreas have always been at least moderately high, but recent governments in the South have tended to seek a rapprochement. Last year, however, a new government came to power that revoked the Sunshine Policy and took a firmer stance against the North.
[12:54] {_shorty} I think he was right handed, so his left.
[12:55] {nemo} watch too many sean connery movies
[12:55] {_shorty} lol.. actually I don't.
[12:55] {Threei} ugh
[12:55] {Threei} missed short
[12:55] {_shorty} watch his movies
[12:55] {_shorty} I was waiting for you Threei.
[12:56] {ese} ahhhh am back...parent teacher interviews..i see i was stopped aks .40 -.09 ahhh well
[12:57] {Threei} US House lawmakers are urging vigorous action versus China, EU and Japan to enforce trade agreements
[12:57] {ese} whoaaaaa....whats that ...ship sunk
[12:57] {lasertrev} ese dcc please
[12:57] {Threei} what is it, trade war with whole world?
[12:57] {Les} I chose M short instead. handy short this one
[12:58] {_shorty} what is dcc?
[12:58] {Threei} private message
[12:58] {_shorty} thx
[12:58] {Threei} this is where you go to say something nasty about me
[12:59] {_shorty} lol
[12:59] {strider} yeah. You dcc Vad, say something nasty about him. That way nobody knows it.
[12:59] {Threei} right
[13:03] {Threei} Long Setup: CAT .35 half lot
[13:04] {strider} stop .20 or .15
[13:04] {Threei} under .25
[13:06] {ese} LT dcc please rather than me doing a ton of typing......see if you can look at that web address it gives you all the info
[13:07] {Threei} short idea was still in cards... oh well
[13:08] {larisa} lasertrev asking ese to type lyrics of all his songs? :)
[13:08] {Threei} yeah, something romantic is happening over there
[13:09] {ese} you bet laris.......and i know alot of them too
[13:09] {larisa} I believe you :)
[13:10] {larisa} did not take break of 75 on RIMM
[13:13] {ese} the market sinking because of the korean incident ?
[13:13] {ese} yes/no?
[13:13] {nemo} hard to know, it did this yesterday
[13:13] {Threei} that's one suggestion
[13:13] {larisa} no, because I said it will not break 11K
[13:14] {ese} you thinking topping out nemo
[13:14] {Les} hmm. gotta respect larisa for that vad
[13:14] {Threei} I don't need any reasons to respect her
[13:15] {Threei} but, she didn't take a bet
[13:15] {Threei} you know why?
[13:15] {nemo} Who knows ese...start of pullback, lateral movement...obviously market is skittish
[13:15] {nemo} Earnings season coming up, and I think interest rate direction is getting cloudier
[13:15] {Threei} because she lost about 140 bets before... now she refuses to take them so I am losing this one, to lure her back in
[13:17] {Les} wow a vindictive streak in you vad. I never would have thought such...
[13:17] {Threei} vindictive?
[13:18] {Threei} you are projecting on me something of yours...
[13:18] {Les} :P
[13:18] {Threei} all I want is her continuing with that beer vs caroot juice
[13:18] {Les} spy
[13:20] {Threei} Short Setup: CAT .20 break
[13:20] {Threei} halt lot
[13:20] {Threei} .28 stop
[13:22] {Threei} nope
[13:27] {_shorty} Crap, that sucks Threei
[13:28] {Threei} what does?
[13:28] {_shorty} I guess you are already over it. CAT
[13:29] {Threei} you lost me
[13:29] {Threei} over what?
[13:29] {_shorty} Did you not short CAT?
[13:29] {_shorty} At .20?
[13:30] {Threei} that was stopped good 8 min ago
[13:30] {nemo} need to stay away from Les
[13:31] {_shorty} Missed it, serving lunch to the kids.
[13:31] {_shorty} lol
[13:31] {Threei} you mean it took you 8 min to come to conclusion that 9 cents stop on half lot sucks?
[13:31] {nemo} oh jeez...brothers from different mothers
[13:31] {Les} piss off nemo
[13:32] {Les} :/
[13:32] {Les} hehehe
[13:32] {_shorty} Give or take a second.
[13:34] {RonS} ese. que paso? you doing anything?
[13:36] {Threei} me?
[13:36] {Threei} oh, ese
[13:36] {Threei} got masked behind other foreign language words
[13:38] {Threei} S&P report states Greece ratings unchanged after recieving IMF and EMU support
[13:41] {ese} hey ron not really following abio
[13:41] {ese} thinkin long if market goes up
[13:42] {Threei} ABIO is not from this universe
[13:42] {nemo} neither is Les
[13:42] {ese} stocks like that tend to finish at the highs of the day.....lookin for a break of .20
[13:42] {Threei} yeah but Les didn't triple today on questionable news
[13:42] {ese} it's a cure for heart failure.......
[13:43] {Threei} ARCA Biopharma Granted US patent on methods for treating heart failure patients
[13:43] {Threei} - U.S. Patent and Trademark Office (USPTO) has issued a patent on methods of treating heart failure patients with bucindolol based on genetic testing. The patent (USP# 7,678,824) entitled Methods for Treatment with Bucindolol Based on Genetic Targeting, provides protection in the United States for this novel approach to treating patients with heart failure, one of the largest health care problems in the United States and the rest of the world
[13:43] {Threei} yes but it's just a patent
[13:43] {nemo} need more people to die anyway
[13:43] {Threei} patent news is nothing
[13:43] {nemo} somebody heard you
[13:43] {Threei} and ABIOP has going concern
[13:44] {Threei} March 10, 2010 8:18:15 PM
[13:44] {Threei} ARCA Biopharma Announces Going Concern Opinion per Nasdaq Rule 5250(b)(2)
[13:44] {Threei} - Announced, as required by NASDAQ Marketplace Rule 5250(b)(2), that the report of the Company's independent registered public accounting firm, included in its previously filed consolidated financial statements for the fiscal year ended December 31, 2009, included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 4, 2010, contained an explanatory paragraph expressing substantial doubt regarding the Company's ability to continue as a going concern.
[13:46] {Les} yeh I'll take ABIO over me any day
[13:47] {ese} what does that mean vad?...........sheesh
[13:47] {Threei} what ese?
[13:49] {RonS} "going concern" is accountant-speak for a company with a heart problem
[13:50] {RonS} tivo/dish news:
[13:50] {Threei} Fox News' Gasparino: Obama Advisor Summers considering leaving the Obama Administration
[13:50] {Threei} I'd only applaud that
[13:50] {Threei} last person that should be there
[13:50] {Threei} well... second last, after Tim
[13:51] {ese} Labio .12
[13:53] {ese} hey vad sorry.......that whole NAS post.....what does that mean
[13:54] {RonS} ...squeeze underway? lse
[13:54] {Threei} under serious threat of nakruptsy/delsiting etc, ese
[13:55] {Threei} bankruptsy that was
[13:56] {ese} ahhhhhhhh
[13:58] {ese} abio stopped .95 -.17
[13:59] {ese} ah well it was small
[13:59] {ese} 2k
[14:01] {RonS} lse 4.4 mil sh short, 9.5% of float, ave vol approx 160k
[14:05] {ese} short covering play ron?
[14:05] {Threei} really want to short .80 break
[14:06] {Threei} risky as taking golf club from ese, beer form magoo or bacon from me
[14:06] {Threei} or carrot juice from larisa
[14:06] {RonS} ...i would think covering generally, since the preferred placement suggests confidence in the biz long term. But, this is so thin, usually, it is dangerous.
[14:10] {Threei} World Bank's Zoellick: Greece and other EU nations will face struggles; double dip recession is not likel
[14:11] {RonS} 3i, has csx formed a db? or the fact that the .djt acted identically that one should conclude, no.
[14:13] {Threei} well, DB is not confirmed yet
[14:13] {Threei} break of .80 would be a confirmation, but stop is way too wide
[14:16] {Les} school holidays have begun here - switching off early. c u's monday
[14:16] {Threei} take care les
[14:17] {_shorty} Bye Les
[14:25] {nemo} AWIAV?
[14:26] {Threei} coma
[14:28] {nemo} anybody see "law abiding citizen"?
[14:29] {nemo} everybody in a coma?
[14:29] {_shorty} No, have you?
[14:29] {Threei} oh boy, UNG
[14:29] {Threei} what a total disaster natural gas plays turned out to be
[14:30] {_shorty} I know someone who lost a lot of money with natural gas stocks.
[14:30] {_shorty} I think he could have learned something from your book.
[14:34] {_shorty} nemo, are you watching "The Pacific" on HBO?
[14:34] {nemo} I haven't caught it yet...BofB West
[14:34] {nemo} or East
[14:34] {_shorty} lol
[14:35] {_shorty} Is law abiding citizen good?
[14:35] {Threei} boring I bet
[14:35] {nemo} yeah, pretty good movie, a bit intense
[14:36] {nemo} I'd say worth watching, but not a "have to" right away
[14:36] {Threei} you know... there is a law... and a citizen... whle movie he does nothing but obeys it...
[14:36] {nemo} If you like european films "The Lives of Others" was excellent
[14:36] {_shorty} I will have to watch it. I like movies a lot, but since I have kids, I don't have a lot of time to watch.
[14:37] {nemo} don't watch that movie with young kids
[14:37] {_shorty} Writing it down
[14:37] {_shorty} Disney movies for now with the kids.
[14:37] {Threei} seriously... .80 break, ABIO
[14:37] {Threei} smallish shares
[14:38] {nemo} market breaking 200 up
[14:38] {Threei} ABIO cares not about market
[14:38] {Threei} it's in its own chronoclastic infundibulum
[14:39] {_shorty} lol...What?
[14:39] {nemo} Hitchhiker's guide to the Galaxy
[14:39] {Threei} nope
[14:40] {Threei} second try?
[14:40] {Threei} no googling
[14:40] {_shorty} lol
[14:40] {_shorty} I just googled it
[14:40] {nemo} I know it's sci-fi but can't remember...brain fart at my age
[14:40] {Threei} Sirens of Titan
[14:41] {Threei} and hey... good call on sci-fi
[14:41] {Threei} as if this tyerm was likely to come up in some chick flick
[14:41] {nemo} mesodactyl dude
[14:41] {Threei} save me some googling?
[14:42] {nemo} dcc dude
[14:44] {nemo} stop on abio dude?
[14:44] {Threei} isn't it obvious?
[14:45] {nemo} yeah
[14:45] {Threei} so you just enjoy making me typing?
[14:45] {nemo} :)
[14:47] {nemo} don't like how that held
[14:48] {ese} chronoclastic infundibulum?????? might be the cooolest medical tem ever!
[14:49] {Threei} totally - especially considering that it's not medical {G}
[14:49] {_shorty} Something to do with space, I think
[14:49] {Threei} yeah nemo
[14:49] {Threei} I'd expect much faster selloff after breakdown
[14:50] {nemo} noticed, that long green candle after the previous bottom...middle is often a support area
[14:50] {Threei} but with half lot I am willing to give it a chance
[14:51] {RonS} ...the latest but no the last: AT&T to Take $1B Charge for Health Care
[14:54] {nemo} shoulda' listend to my gut
[14:55] {Threei} oh well
[14:56] {nemo} wow
[14:56] {_shorty} wow
[14:56] {Threei} chronoclastic infundibulum, I am telling you
[14:56] {_shorty} Flash back with SOMX with me.
[14:56] {Threei} yup
[14:56] {_shorty} I am staying away, but will watch
[14:56] {Threei} loco
[14:57] {_shorty}
[14:57] {_shorty} Do you trade these stock sometimes Threei? When they move this fast?
[14:57] {Threei} yes
[14:59] {_shorty} I guess I have to buy you course to get the when and how.
[14:59] {Threei} not really
[14:59] {Threei} this kind is not described there
[14:59] {Threei} it's undescribable
[15:00] {Threei} we discussed momo movers many times...
[15:00] {Threei} they live in different works
[15:00] {Threei} world
[15:00] {Threei} either wait for them to calm down a bot so they start ovey technicals,
[15:00] {_shorty} In this situation, what set up are you looking at? Support resistance? Oh, indescribable. Got it.
[15:00] {Threei} there is no setup to them
[15:00] {_shorty} OK
[15:00] {Threei} that's what I am trying to say
[15:00] {_shorty} Thanks.
[15:00] {Threei} either wait for them to calm down a bot so they start ovey technicals,
[15:01] {Threei} or play them by pure momo feel
[15:01] {Threei} which requires a lot of experience
[15:01] {Threei} and comes through observation
[15:01] {Threei} ovey = obey
[15:01] {_shorty} lol...I like that "momo feel" Kinda like mojo.
[15:03] {_shorty} The only momo stock that I did well in was TIVO, but that was pure fluke. Then came SOMX and told me "you are dead"
[15:03] {Threei} leave them alone until you paper tarded them a lot
[15:03] {_shorty} understood Threei.
[15:04] {Threei} and got a feel for how they move, what the signs on new leg up are
[15:04] {Threei} watch Level 2 and T&S
[15:06] {ese} abio......ya RIGHT!!!!!!
[15:06] {_shorty} ese...sorry
[15:07] {fernp} gotta go. Have a relaxing weekend guys. See u all on monday
[15:07] {Threei} have a great weekend fern
[15:07] {_shorty} Good weekend
[15:07] {_shorty} See you next Monday with a new nick name
[15:07] {fernp} lol
[15:08] {Threei} longy?
[15:08] {ese} cya fern
[15:08] {_shorty} lol....I was thinking that
[15:08] {Threei} nah, too obvious
[15:08] {Threei} no egde
[15:08] {Threei} adge
[15:08] {Threei} edge
[15:08] {Threei} there
[15:08] {Threei} got 4 letters word right just with three tries
[15:09] {_shorty} inconspicuous, maybe.
[15:12] {_shorty} Still, only one trade for me today.
[15:15] {_shorty} Guess you guys are busy trading ABIO
[15:17] {Threei} not really
[15:18] {Threei} MMM New U.S. Healthcare Law to Result in One-Time Charge of $85 $90 Million After Tax in First Quarter of 2010
[15:19] {nemo} wow...abio may finish near the high
[15:19] {_shorty} I think ese called it too.
[15:21] {ese} yup
[15:21] {ese} i gotta go though.....have a great weekend all.
[15:22] {_shorty} good weekend
[15:22] {Threei} have a great one ese
[15:23] {Threei} half of the room went to drink already, what am I doing here
[15:24] {_shorty} lol\
[15:24] {_shorty} Anything good out there Threei?
[15:24] {RonS} i agree, adios everyone...
[15:25] {Threei} take care Ron
[15:25] {_shorty} Have a good weekend
[15:25] {Threei} great weather shorty
[15:25] {Threei} full bloom
[15:25] {_shorty} lol
[15:25] {Threei} cherry trees, plum trees, tulips,
[15:25] {Threei} rhodos
[15:25] {Threei} magnolias
[15:26] {Threei} daffodils
[15:26] {nemo} hey vad, what icon locks LASER?
[15:26] {_shorty} I love Victoria, I am trying to have the family relocate there, as soon as my witness protection program kicks in.
[15:26] {Threei} locks?
[15:26] {Threei} what do you mean?
[15:27] {nemo} something ran across the keyboard and almost bought abio for me
[15:27] {Threei} oh
[15:27] {nemo} I look up there's an order
[15:27] {nemo} I'm like OH MANURE!
[15:27] {larisa} for real?
[15:27] {_shorty} that would not be fun
[15:27] {nemo} yes
[15:27] {Threei} see red exclamation market icon?
[15:27] {larisa} kitty?
[15:27] {nemo} rabbit
[15:28] {nemo} I see it, but it's grayed out in window floating mode
[15:28] {_shorty} LOL
[15:28] {Threei} click level 2
[15:28] {nemo} property?
[15:28] {Threei} no, just click to make it active
[15:28] {nemo} yep
[15:28] {Threei} it will "ungrey" the icon
[15:29] {nemo} not in "windows floating" mode it won't
[15:29] {Threei} shrug
[15:29] {Threei} what about menu?
[15:29] {Threei} Trade - Level 2 execution mode
[15:30] {Threei} what happened with FTWR?
[15:31] {Threei} sudden volume and spie to test upper limit of long term range on daily
[15:35] {nemo} quarter end coming Mutual Fund Monday...oy vey
[15:37] {_shorty} What are your commission rates on Laser?
[15:37] {nemo} pretty cheap
[15:38] {nemo} I think .005/shr plus ecn fees, which can also be a rebate
[15:38] {Threei}
[15:39] {_shorty} Alright, that is cheap
[15:39] {nemo} execution is excellent
[15:40] {nemo} Trev is a bit unsavory
[15:40] {_shorty} I like my platform too, but.......We will see with time.
[15:40] {Threei} {All unsavory individuals of free world} now... do not insult us
[15:41] {Threei} whatcha using shorty?
[15:41] {nemo} heel lifts?
[15:41] {_shorty} Orbis
[15:41] {Threei} nice
[15:41] {Threei} oh I already asked
[15:41] {Threei} maiden memory
[15:42] {_shorty} no problem. I pay about double what you guys pay.
[15:43] {nemo} they give you a coupon for vaseline?
[15:43] {Threei} and you do that to yourself why?
[15:43] {_shorty} I remember that one No, they give me free tickets sometimes.
[15:44] {_shorty} Well...I went from RBC (30+ per trade)...Then Questrade, I hate having to confirm for every trade " Are you SURE you want to buy?" To this one.
[15:47] {_shorty} Is there a monthly fee?
[15:47] {nemo} for datafeeds shorty
[15:47] {Threei} wow
[15:47] {Threei} ABIO
[15:47] {Threei} that's some dump
[15:47] {nemo} HS!
[15:47] {Threei} shorty, talk to trev
[15:47] {nemo} the immodium stopped working
[15:47] {Threei} situation is different for diff countries
[15:48] {strider} trev, dcc please.
[15:49] {_shorty} Thanks Threei, I will explore the "Laser" avenue in the future.
[15:49] {Threei} at least frikin loonie retreated a bit
[15:50] {_shorty} ABIO just makes my stomach ache.
[15:50] {Threei} although I have to say... chart doesn't look good for us canucks, who want it as low as possible
[15:50] {_shorty} I am not a fan of a high loonie.
[15:50] {Threei} who is...
[15:51] {Threei} a few short years ago I used to get 1.5 for each US buck I made
[15:51] {_shorty} My dad, buying property in the US.
[15:52] {_shorty} I remember when I would go to Vegas, I think our dollar was .56
[15:57] {Threei} market squeezed little green
[15:57] {Threei} okay guys
[15:57] {Threei} have a great weekend'
[15:57] {Threei} see you all on Monday
[15:58] {nemo} c ya
[15:58] {_shorty} You too, c ya Monday.
[15:58] {lasertrev} have a good weekend all