Monday, March 29, 2010

Mar 29 2010

Very narrow day with few tradeable moves. Couple small stops and nice size win on LOCM on "official" calls side, a few nice discretionary trades, with CHK being the best, and then as icing on a cake two momo movers - FONR and SERV. Junk knows how to fly.

Session Time: Mon Mar 29 00:00:01 2010
[07:26] {KSystems} good morning
[07:26] {KSystems} hope you had a good weekend
[08:15] {nemo} I'll be in and out working on my ark today
[08:20] {strider} Rain, huh?
[08:21] {nemo} just like two weeks ago
[08:21] {strider} Had a hard one here last night, too.
[08:21] {nemo} supposed to go until Wednesday
[08:23] {strider} Clearing up here today......sunny for the rest of the week. Hitting mid-70s Wednesday.
[08:23] {strider} Taking a short walk....back in an hour.
[08:26] {Threei} 08:01 MRNA Granted US patent for cell specific delivery of siRNAs
[08:26] {Threei}
06[08:26] * nemo slaps Threei around a bit with a large GOOD MORNING
[08:27] {Threei} is it morning already?
06[08:27] * nemo slaps Threei around a bit with a large Alarm Clock
[08:27] {Threei} I guess...
[08:27] {Threei} US) Preview: Feb PCE Core M/M, PCE Core Y/Y and PCE Deflator Y/Y due at 8:30am
[08:27] {Threei} Consensus expectations:
[08:27] {Threei} - PCE Core M/M: 0.1%e v 0.0% prior.
[08:27] {Threei} - PCE Core Y/Y: 1.3%e v 1.4%
[08:28] {Threei} (US) Preview: Feb Personal Income, Spending and PCE data due at 8:30 am ET
[08:28] {Threei} - Personal Income: 0.1%e v 0.1% prior
[08:28] {Threei} - Personal Spending: 0.3%e v 0.5% prior
[08:30] {Threei} *(US) FEB PERSONAL INCOME: 0.0% V 0.1%E; PERSONAL SPENDING: 0.3% V 0.3%E
[08:30] {Threei} - Prior Personal Income revised XXX from 0.1% to 0.3%
[08:30] {Threei} - Prior Personal Spending revised XXX from 0.5% to 0.4%
[08:30] {Threei} *(US) FEB PCE CORE M/M: 0.0% V 0.1%E; Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: 1.8% V 1.8%E
[08:31] {Threei} 08:31 YONG Raises FY10 guidance
[08:44] {Threei} MRNA, quite a run
[08:50] {fernp} Good morning everybody
[08:50] {Threei} fern :)
[08:51] {Les} afternoon all
[08:52] {Threei} Les :)
[08:57] {strider} nemo, is FSC working up there?
[08:58] {Les} anything on the menu vad?
[08:58] {strider} rebooting mIRC.
[08:59] {Threei} MRNA, ABIO
[08:59] {Threei} YONG
[08:59] {Threei} and usual suspects
[09:00] {Les} ty
[09:01] {Threei} USD/CAD (CA) Canada Treasury Board Sec Day: Strong CAD currency is good
[09:01] {Threei} it's official, he is out of his mind
[09:02] {Threei} MNKD
[09:02] {Threei} MannKind Corporation Achieves All Milestones of Research Agreement with Multiple Myeloma Research Foundation to Develop New Therapy
[09:08] {gen} gm all
[09:08] {Threei} gen :)
[09:08] {nemo} gm
[09:08] {gen} :)
[09:08] {gen} :)
[09:09] {Les} hey scumbag
[09:09] {Les} Nemo that is, not gen:)
[09:09] {gen} :(
[09:11] {Les} oops. scumbag has nastier connotations in American slang than Ozzie
[09:11] {nemo} ?
[09:11] {Les} me talking to myself. forget it
[09:13] {shorty} Good morning
[09:13] {Threei} shorty :)
[09:14] {dino} gm all
[09:14] {ese} gm
[09:14] {Threei} dino, welcome back
[09:14] {Threei} ese :)
[09:15] {dino} thx
[09:15] {dino} apol good move/report, watching esi, ceco, cpla, dv off it
[09:15] {Threei} read this guys, and tell me what it reminds you of:
[09:15] {ese} yo dino!
[09:15] {Threei} (EU) IMF's Strauss Kahn: EU could enforce fiscal compliance using aid
[09:15] {dino} yo ho ho es
[09:16] {nemo} sounds like the FEDS telling the states what to do
[09:16] {Threei} I have better analogy
[09:17] {Threei} fiscal compliance using aid - lawyer language for what is well known as "protection money"
[09:17] {dino} carrot and a stick
[09:17] {Threei} ancient method of all mafia dealings
[09:21] {Threei} ese, in case you missed it
[09:21] {Threei} keep an eye on MRNA
[09:21] {Threei} your type of stock, thick and liquid
[09:21] {Threei} patent news
[09:21] {shorty} Thanks Theei
[09:22] {Threei} welcome... for what?
[09:22] {shorty} MRNA
[09:22] {Threei} let's profit from it first :)
[09:23] {shorty} got it
[09:24] {Threei} QCOR Sidoti Initiates QCOR with Buy, price target: $14
[09:24] {larisa} gm all :)
[09:25] {Threei} larisa :)
[09:25] {ese} tks vad will do........
[09:25] {shorty} SNSS Threei? Unusual heavy volume, in the news.
[09:25] {lasertrev} morning
[09:26] {Threei} Friday, March 26, 2010 11:39:03 AM
[09:26] {Threei} Sunesis Pharmaceuticals Inc Hearing Formula Capital's Altucher makes positive comments (timing uncertain)
[09:26] {Threei} *** Reminder back in 12/07 we saw the company move higher on positive phase 2 data results.
[09:26] {Threei} trev :)
[09:26] {ese} you thinkin another aboi vad?
[09:26] {Threei} that's all I see on it, shorty
[09:26] {Threei} well, it's too thick for such a hge move
[09:26] {Threei} ABIO was/is a thin one
[09:27] {nemo} yeah but it's traded almost 900k shares this morning
[09:27] {Threei} and honestly, I am not a bluiever in patnet news a mover, it's usually largely ingored
[09:27] {Threei} ABIO case was abnormality
[09:27] {ese} indeeedeee
[09:27] {jfjf64} mornin
[09:27] {Threei} so, I'd treat MRNA as a mover to read by usual setups
[09:27] {Threei} jf :)
[09:28] {Threei} where news wprkled as a catalyst for activity
[09:30] {ese} jf
[09:30] {Threei} WFC, watchin for pullback
[09:31] {Threei} should be interesting around .20
[09:32] {Threei} .40 break if holding above .30, but only if market spikes sharply
[09:32] {Threei} this kind of entries fails too often
[09:34] {Threei} MRNA...
[09:35] {nemo} abio crash & burn
[09:36] {Threei} WFC, getting more inetersting
[09:36] {nemo} bounce at .15?
[09:37] {Threei} with market reversal
[09:37] {nemo} .20 cross?
[09:37] {Les} our MRNA +.10. it caught my eye too
[09:38] {Les} wfc .25 break?
[09:38] {Threei} I'd prefer .20 but was late to type it
[09:39] {Les} mnkd crappin it
[09:39] {Threei} let's tr to get it on pullback
[09:39] {Threei} with stop under .14
[09:39] {Threei} MRNA pulled back into .40 support
[09:39] {Threei} dive under .40 and recross for long
[09:40] {Threei} Long Setup: WFC .20 break
[09:40] {Threei} if holding above .15
[09:41] {Threei} Long Setup: MRNA .40 break if holding above .35
[09:41] {Threei} if losing it, same setup .30 - .35
[09:42] {Threei} WFC no go
[09:42] {nemo} ba strong this morning
[09:43] {jfjf64} chk
[09:43] {jfjf64} 23 break
[09:43] {dino} dwa
[09:44] {Threei} if holding above .90 jf
[09:44] {jfjf64} y
[09:44] {Threei} if loses it, should be a bounce from .75
[09:45] {Threei} (US) USPS Postmaster General confirms proposal to cut deliveries to five days a week from six by early 2011 (related UPS FDX NFLX )
[09:45] {Threei} saturday without mail - oh horror
[09:46] {nemo} ba momo, weird
[09:47] {dino} l wfc .15
[09:47] {Threei} CHK getting ready
[09:51] {fernp} .
[09:53] {strider} .
[09:53] {RonS} .
[09:53] {ese} mrna.....will have to wait for noon hour consolidation....get in this afternoon
[09:54] {Threei} probably
[09:54] {Threei} this kind sometimes becomes late bloomer
[09:54] {ese} posibly the same with abio
[09:54] {jfjf64} rimm missed
[09:54] {Threei} ABIO Hearing Harry Boxer makes positive comments (timing uncertain) (6.90, -1.32, -16.06%)
[09:54] {nemo} hey VAD, abio broke below where we tried to short it Friday and hasn't looked back
[09:54] {Threei} yeah
[09:55] {jfjf64} in rimm .31
[09:55] {Les} abio has pivot support .91
[09:55] {Threei} CHK 1:1 is within reach
[09:55] {jfjf64} y
[09:55] {jfjf64} rimm
[09:55] {nemo} missed that call
[09:55] {ese} dino...check out th daily on ctrp....this will explode one day. huge gap
[09:56] {dino} wfc stopped -.06
[09:56] {strider} didn't see a call, CHK
[09:56] {nemo} yeah, me neither
[09:56] {dino} ok
[09:56] {Threei} not a call per se, comment to jf's question
[09:56] {jfjf64} ba hum bug
[09:56] {Threei} [09:43] {jfjf64} chk
[09:56] {Threei} [09:44] {Threei} if holding above .90 jf
[09:56] {Threei} [09:44] {jfjf64} y
[09:56] {Threei} [09:44] {Threei} if loses it, should be a bounce from .75
[09:57] {jfjf64} ty vad
[09:57] {dino} not showing gap es, ctrp
[09:57] {dino} recent split
[09:57] {ese} ahhhhhhhhhh
[09:58] {ese} my appologies.......just saw the 70 dn to 35 and assumed gp
[09:59] {Threei} TEVA Pfizer sues TEVA to block generic version of Viagra (63.55, -0.23, -0.36%) (related PFE )
[09:59] {dino} np dude
[09:59] {dino} it's a pulp type tho
[10:00] {Threei} Long Setup: CAT .40 break
[10:00] {Threei} half lot
[10:00] {dino} that teva suit is a hard one to win
[10:00] {Threei} if stays above .30 for scalpers, .25 for day traders
[10:02] {nemo} short if it loses .25?
[10:02] {Threei} nah
[10:03] {Threei} just invalidation
[10:03] {jfjf64} chk settin up nice 5 min vad we gonna get paid
[10:03] {dino} nemo, dwa db in making?
[10:03] {Threei} looks good to me for more than scalp jf
[10:03] {Threei} with any market help
[10:03] {jfjf64} 1000 percent sensi
[10:04] {nemo} if holds .28 dino and volume comes in on tests
[10:04] {Threei} Apple Inc May be preparing to announce a mobile advertising system - MediaPost (update)
[10:04] {Threei} - Report speculates that Apple may launch "a new personalized, mobile advertising system" named iAd on April 7. The article speculates that the service could be heavily focused on location-aware advertising.
[10:04] {nemo} imo
[10:04] {Threei} over 1:1 CHK
[10:04] {Les} half out chk. ty jf
[10:05] {dino} gj
[10:07] {ese} L mrna .39
[10:08] {Threei} Long Setup: LOCM .50 break
[10:09] {Threei} loco candidate, not for faint heart
[10:09] {nemo} would be a dino stock if the spread were .15 or .20 greater
[10:10] {dino} agnc
[10:10] {dino} vprt
[10:12] {nemo} wow, damn breaks at .50 on locm
[10:12] {jfjf64} blast off chk
[10:13] {Threei} Short Setup: SCO .60 break if holding under .65
[10:13] {Threei} CHK 1:2
[10:14] {ese} out mrna .43 +.04
[10:14] {Les} all out chk ty jf
[10:15] {jfjf64} my pleasure
[10:17] {strider} short SCO .59
[10:18] {jfjf64} csiq
[10:18] {Les} l ABIO .12 small shares
[10:21] {dino} dwa l .30
[10:21] {Threei} One Week Later, 54% Favor Repeal of Health Care Bill
[10:21] {nemo} next bounce point .05 methinks dino
[10:22] {dino} too soon stopped
[10:22] {nemo} capitualtion volume on that down spike
[10:22] {dino} yes
[10:22] {dino} .25 maybe
[10:22] {strider} stopped SCO
[10:23] {Threei} yeah
[10:23] {fernp} stopped SCO
[10:23] {Threei} Technical Analysts at BoA/Merrill Lynch comment on market levels; Continue to expect only limited S&P pull backs with path of lease resistance still to the upside
[10:23] {dino} ok
[10:23] {ese} L cbg .78 agressive entry
[10:24] {ese} well.7798635 to be exact
[10:24] {shorty} lol
[10:24] {Threei} MRNA deep pullback ese
[10:25] {ese} just looking at that
[10:25] {ese} l .35 per chance
[10:26] {jfjf64} lookin su 5 min
[10:26] {dino} scanners all green
[10:27] {dino} now all red, hmmm
[10:27] {Threei} lol
[10:27] {strider} long CHK .16
[10:28] {Threei} treat it as a scalp only strider
[10:28] {strider} yep. trying to get to .25
[10:28] {Threei} pullback is too deep to consider uptrend intact
[10:29] {Threei} even .25 is probably a stretch
[10:29] {Threei} market spike may help
[10:29] {ese} real narrow range on this cbg vad.......although the T&S is going strong like it was
[10:29] {Les} u got a read on fitb vad?
[10:29] {ese} isn't
[10:30] {Threei} not at all
[10:30] {Les} ok
[10:30] {Threei} CBG had GS upgrade
[10:31] {fernp} FAZ interesting here
[10:31] {ese} good
[10:31] {Threei} CB Richard Ellis Group, Inc. Goldman Sachs upgrades to Buy from Neutral; adds to Americas Conviction Buy List
[10:31] {Threei} - Raises price target to $18 from $10
[10:31] {Threei} don't know ese, toughie
[10:31] {ese} doesn't appear to be strong enough to break .80 now
[10:32] {ese} might take a couple of cents loss here
[10:33] {fernp} FAZ 1:1
[10:33] {Threei} QCOR...
[10:34] {Threei} daily's nice
[10:34] {Threei} market cooperation is very questionable
[10:37] {strider} still waiting on LOCM?
[10:37] {Threei} yes
[10:37] {Threei} combination of .50 resistance on daily and huge offer
[10:38] {Threei} but it's a typical momo candidate, not your usual stock
[10:38] {fernp} what is the stop for LOCM, Vad?
[10:38] {dino} pwrd sm l .00
[10:38] {Threei} under .30 - .35 zone
[10:38] {fernp} ty
[10:39] {Threei} grrr QCOR
[10:40] {Threei} you took MRNA this time ese?
[10:40] {RonS} tie at 52 wk high on gs upgrade of pcp and aerospace comments...entry on breakout and pullback?
[10:42] {Threei} I'd love pullback to .90
[10:42] {Threei} but may have to go for a break
[10:43] {Threei} if breaks, stops are: for a scalp under .90, for day trade under .8
[10:44] {RonS} ty
[10:44] {ese} hey vad...missed it was watching cbg
[10:47] {Threei} something is off about today
[10:47] {Threei} market can't decide which way
[10:48] {Threei} my strong feeling is up
[10:48] {Threei} but it does everything possible to shake out every trade
[10:48] {Threei} TIE, with .05 break can trail stop to under .95
[10:49] {Threei} if SPY breaks 117.3 direction should become clearer
[10:49] {jfjf64} btu
[10:49] {jfjf64} .50 break
[10:50] {Threei} scalpers trail stop to under .95
[10:50] {Threei} day traders to under .90
[10:50] {ese} how bout mrna on this pback vad?
[10:51] {strider} CHK 1/2 out +.09\
[10:51] {Threei} depending on market action, ese.. if continues hesitating, wait for a drop to under .35, closer to .30 or even under
[10:51] {Threei} good patience strider
[10:51] {Les} stopped ABIO
[10:52] {Threei} Citigroup Inc US Treasury to release share sale contract plan within 48 hours time; confirms will be an 'at the market' offering
[10:52] {Threei} - Treasury has no forecast on how much profit it will make from the sale
[10:52] {nemo} no profit to forecast, that's why
[10:52] {Threei} do we know what price they got for their share?
[10:52] {Les} sco was a rinse out
[10:52] {nemo}'s gonna' tell everybody it's trading plan, that should insure a loss
[10:52] {Les} coming down nicely now
[10:52] {Threei} yeah, SCO was distgusting rinse
[10:53] {nemo} abio vad
[10:53] {ese} out cbg .87 +.10
[10:53] {Les} thanks ese. half out cbg
[10:54] {Threei} good job guys
[10:54] {ese} ahhhhh cool......i should have done that......I keep forgetting to go 1/2 out....old habit
[10:54] {fernp} EMC short .25 break, Vad? just for a scalp
[10:54] {Threei} good to see you are finding trades for each other on a day when I am off
[10:55] {jfjf64} lets watch boli
[10:55] {Threei} chart is right fern, but this is exactly kind of charts that get rinsed today
[10:55] {ese} I think your gonna get more out of it les
[10:55] {jfjf64} sorry ignor
[10:56] {fernp} ty vad
[10:56] {ese} nice les cbg........well done
[10:57] {Les} out another 1/4
[10:58] {shorty} Long TIE 17.04
[10:58] {Threei} why chasing?
[10:59] {shorty} Going with the trend?
[10:59] {Threei} yes, but trigger was 17 break
[10:59] {shorty} I see.
[10:59] {Threei} why buy so late and higher?
[10:59] {shorty} Good thing I play small shares.
[11:00] {Les} all out CBG
[11:00] {Les} fas breakout
[11:00] {ese} how many shs les?
[11:01] {fernp} Vad, i think you posted TIE 17.05 break w/stop under .95
[11:01] {Les} 1k
[11:01] {Threei} no
[11:01] {Threei} that was for TRAILING sto[
[11:01] {shorty} He did, that is why I bought. But maybe I misunderstood him.
[11:01] {fernp} ok, sorry
[11:01] {ese} well done
[11:01] {Threei} [10:48] {Threei} TIE, with .05 break can trail stop to under .95
[11:02] {dino} sm l ehth .50
[11:02] {shorty} That is what I thought Threei, I miss read your post.
[11:02] {Threei} original trigger was 17
[11:02] {Threei} [10:43] {Threei} if breaks, stops are: for a scalp under .90, for day trade under .8
[11:03] {shorty} Thanks Threei...for your input.
[11:05] {strider} CHK stop to .24
[11:05] {Threei} well [played strider
[11:06] {strider} thanks.
[11:06] {Les} gotta ask ese, how many shares u had on cbg?
[11:06] {dino} gj
[11:06] {Threei} NEXM Files Investigational New Drug Application with FDA for Cancer Drug Candidate (0.46, +0.03, 6.74%)
[11:07] {fernp} EMC 1:1
[11:08] {Threei} wow NEXM
[11:10] {Threei} (EU) IMF's Strauss Kahn: In harmony with the EU's Greece debt plan
[11:10] {Threei} - Recovery remains multi speed, EU lagging Asia and the Americas.
[11:10] {Threei} - hopefuly for a China CNY revaluation as it is still undervalued
[11:11] {Threei} look at frikin SCO
[11:11] {Les} yeh pissed about that
[11:12] {RonS} sco, could not short...and i forgot about dig and dug
[11:15] {nemo} ba real strong today
[11:16] {strider} stopped CHK +.07
[11:17] {Threei} very well structured and disciplined play
[11:17] {Threei} I wasn't delighted by entry idea but you managed it just right
[11:18] {strider} had .05 stop on it.
[11:18] {RonS} out tie 17.14 +.18 1:3
[11:18] {Les} half out TIE ty Ron
[11:18] {shorty} I got out of TIE early..
[11:19] {strider} out TIE +.14
[11:19] {fernp} me too TY Vad
[11:19] {Threei} me just commented
[11:19] {Threei} Ron found it
[11:20] {RonS} nemo, ba story is same as pcp and tie: gs comments
[11:20] {nemo} thought it migt be te apparent resolution of the wing problem
[11:21] {RonS} imo, we need to be dogging ag stocks. when commods are strong ag has lagged. but look at MOS. Missed it with tie focus
[11:22] {Threei} TIE nears 1:1 for day traders
[11:23] {Threei} LOCM 1:1, half out
[11:23] {Threei} scalpers know what to do
[11:23] {nemo} forgot all about that one
[11:24] {Threei} great
[11:24] {nemo} yeah
[11:24] {Threei} my best call so far
[11:24] {shorty} Awesome
[11:24] {Threei} well... the only good call, lol
[11:24] {nemo} I wasn't going to say it
[11:24] {Threei} and you ignore us both
[11:24] {Threei} me and call
[11:24] {Threei} we are deeply hurt
[11:24] {nemo} no..forgot...ignore is a conscious effort
[11:25] {nemo} mos at support
[11:27] {Threei} TIE over 1:1 for day traders, 1:2 for scalpers
[11:27] {Threei} beautiful find Ron
[11:28] {Les} yes ty
[11:28] {RonS} np, thnks for entry instruction...timing is everything
[11:29] {strider} ASH, news? IT's rockin'
[11:29] {dino} pwrd stopped
[11:29] {dino} -.26
[11:29] {Les} sco .55 break? .50 stop
[11:29] {Threei} nothing fresh
[11:30] {Threei} can't tell Les, no read by me
[11:31] {Les} k
[11:32] {RonS} pwrd never started
[11:33] {RonS} dino...:)'d u shoot?
[11:34] {dino} ok, little rusty
[11:34] {dino} good time, great weather
[11:34] {strider} windy ?
[11:34] {dino} yes
[11:34] {dino} but 75 and sun
[11:35] {strider} Play the 19th hole?
[11:35] {dino} indeed
[11:36] {Threei} with this latest Moscow news... isn't the idea of Olympics in Sochi beyond scary?
[11:36] {Les} which olympics and where?
[11:36] {nemo} well, there was the story of exploding breast implants last week, so, nowhere is safe
[11:36] {Threei} next winter games...
[11:36] {dino} could happen anywhere. the way the world is going
[11:37] {nemo} buy more bullets
[11:37] {Threei} yes but Sochi is right in the unstable region
[11:37] {nemo} spy at trend support
[11:37] {Threei} as close to war zone as you can get without being right in the crosshair
[11:38] {Les} what, the caucuses?
[11:38] {Threei} yes
[11:38] {Les} lol, ouch
[11:38] {dino} interesting times
[11:38] {RonS} saw some exploding implants on dancing w/ the stars
[11:39] {Threei} less than 100 points to 11K again
[11:39] {Threei} not today most likely, but this week
[11:39] {dino} lol ron, but yeah, wow
06[11:39] * Threei slants at larisa
[11:40] {larisa} :)
[11:42] {Threei} GR) Greece confirms prices 5B in 7 year bonds at 310bps/swaps; coupon 5.9%
[11:43] {nemo} locm looks like maybe ready for second leg
[11:46] {fernp} any read in RON , Vad?
[11:46] {fernp} ROK
[11:46] {Threei} ROK is really narrow, would require big market spike to produce anything worthy
[11:47] {fernp} ty
[11:51] {strider} CHK at hod
[11:54] {Threei} GR) Fitch notes outlook for Greece remains negative
[11:54] {Threei} {Greece} Fitch, want to know what I think of YOU?
[12:00] {Threei} SEED Sees revenues revenues up modestly y/y; expect gross profit for FY10 to double y/y (10.30, +0.05, 0.49%)
[12:01] {ese} L abio .75
[12:01] {Threei} SEED momo candidate
[12:03] {ese} am long there too at .25
[12:04] {nemo} wow
[12:04] {ese} just BS luck......
[12:04] {dino} pwrd last try l .60
[12:04] {shorty} nice
[12:05] {ese} small though....was basically starting to dable olny 5k
[12:08] {ese} out 1/2 seed .55 +.30
[12:14] {dino} gj
[12:14] {ese} tks
[12:16] {Les} YONG is creeping up. looking like a b/o candidate
[12:16] {nemo} offer at .45
[12:18] {Les} MRNA about to get squeezed between 50 & 200. a break is coming
[12:19] {Les} ...maybe
[12:19] {dino} out pwrd .88, +.28
[12:19] {Les} got it this time gj
[12:20] {dino} thx
[12:26] {dino} pwrd drops again
[12:28] {nemo} half that large offer disappeared on yong
[12:28] {dino} dwa .15 wall
[12:29] {dino} reagan getting it
[12:29] {nemo} ?
[12:29] {dino} tear down that wall
[12:29] {nemo} Mr. Gorbachev
[12:29] {dino} :)
[12:30] {ese} nice dino....just checked that out....wayta catch the runup
[12:30] {dino} ty
[12:30] {dino} took me a bit to get into my zone
[12:30] {Les} MRNA not shortable
[12:31] {dino} blaming it on too much tequilla last week
[12:32] {Threei} it is here Les
[12:32] {Threei} want me to short it for you?
[12:33] {dino} nemo, vprt?
[12:34] {Threei} guys, quick question, just for me to have an idea
[12:35] {Threei} anyone tried/intends/has interest to venture into Forex market?
[12:35] {dino} at this point in time, no
[12:38] {nemo} sorry dino walked away for a minute (chasing rabbit) let me look
[12:40] {nemo} double top looks short on the daily and looks weak today dino
[12:40] {dino} thx
[12:40] {nemo} got bounce off 50 day ma
[12:41] {nemo} 56.80 was hourly support
[12:41] {shorty} Threei, I do. But I would like to get a handle on scalping first.
[12:41] {RonS}
[12:42] {nemo} having said that, hourly resistance between 58.80 and 59.60,
[12:42] {nemo} resistnce on one minute at .20, not big R&R especially if market ends up doing what it did the last two days
[12:42] {dino} was feeling sm l around 57.50 if got there
[12:43] {nemo} yeah, depending on stop, because of the open air above 5880
[12:43] {nemo} 58.80
[12:44] {Threei} shorty, not really planning to do Forex... reason I ask is, we get a lot of questions about brokerages for Forex, so we did a little study to find reliable one with decent conditions
[12:44] {nemo} you find a good forex bucket shop did ya'?
[12:44] {dino} lol
[12:44] {nemo} there goes vprt
[12:44] {Threei} no, actual broker for aactual market :)
[12:45] {dino} see about 10:40 57.50 area
[12:46] {shorty} A friend of trades Forex. It's a hard one to master, I am told.
[12:46] {dino} waiting for it
[12:46] {strider} where, dino?
[12:46] {nemo} see if volume comes in
[12:47] {shorty} Nothing is easy in the market either, well for me anyhow.
[12:47] {dino} vad, would rather and am, adding r.e. instead of forex
[12:47] {dino} 57.51
[12:47] {strider} Any interest in the mini futs, vad?
[12:48] {Threei} no
[12:48] {Threei} been there done that
[12:48] {nemo} how about tulips?
[12:48] {Threei} as a standalone vehicle, not inteersted,
[12:48] {KSystems} lol nemo
[12:48] {nemo} Let's go to california and raise marijuana
[12:48] {strider} tulips can only go up.
[12:48] {Threei} as a supplementary one, sure, but you can do pretty much the same with ETFs, so why bother with different brokers, accounts and regulations
[12:48] {shorty} Why nemo? I can do it at home.
[12:49] {nemo} it's legal can sell it for medicinal purposes
[12:49] {shorty} You are in California?
[12:49] {nemo} no...about as far away as you can get
[12:50] {nemo} kinda' worse actually, I'm in Massachusetts
[12:50] {nemo} They don't call us Massholes for nothing
[12:50] {shorty} Massholes?
[12:50] {nemo} citizen of massachusetts=Masshole
[12:50] {shorty} lol
[12:51] {shorty} I was thinking that, but wanted to confirm it.
[12:51] {nemo} citizen of Maine=maineac
[12:51] {KSystems} nemo: Theres a popular sketch here where a family gets a piano from their aunt in Massachusetts
[12:51] {nemo} Ein Steinweg?
[12:51] {KSystems} and the delivery guys being unable to pronounce it
[12:51] {nemo} hehehehe
[12:51] {KSystems} i dont know, thats not the deal :P
[12:52] {KSystems} you remember Loriot?
[12:52] {nemo} no
[12:52] {KSystems} ah ok
[12:52] {KSystems} he wrote that sketch
[12:52] {KSystems} one sec
[12:52] {nemo} Sie koenne mit dem epost schicken, nicht wahr?
[12:53] {nemo} forgot the "n"
[12:53] {KSystems} damn i cant find it on youtube
[12:54] {dino} pwrd l .56
[12:55] {nemo} abio=short and forget
[12:56] {Threei} US) Treasury Dept to announce up to $600M expansion of housing fund to support hardest hit regional markets
[12:56] {Threei} - will focus on Ohio, Oregon, North and South Carolina
[12:56] {Threei} lordy...
[12:56] {nemo} the absurdity is beyond the pale
[12:56] {ese} gotta go all...see you tomorow
[12:56] {strider} oh good. Me wants it.
[12:56] {Threei} get out of this "supporting" business, you can't support anything, you just pospone inevitable and worsen the outcome
[12:56] {shorty} Bye ese
[12:56] {Threei} take care ese
[12:57] {ese} cya
[12:57] {dino} cya es
[12:59] {shorty} SERV Threei?
[12:59] {shorty} Thoughts, that is all
[12:59] {dino} 3i, you miss his point, he's buying votes
[13:00] {Threei} momo mover shorty, thin and scary as hell
[13:00] {shorty} k
[13:00] {nemo} yeah...Vad's so naive
[13:01] {dino} serv contract win 8.7 m
[13:01] {dino} pwrd stop is .47 fwiw
[13:01] {Threei} Servidyne (SERV) Announces Its Largest Energy Savings Contract to Date; $8.7M contract over 12-24 months
[13:01] {Threei} - client is US retailer to seeking to improve the energy efficiency of 600 facilities
[13:03] {nemo} geez...think 96 important level for fas?
06[13:04] * nemo slaps Threei around a bit with a large bottle of memory pills
[13:05] {strider} Can I have a couple of those?
[13:05] {Threei} of what?
[13:05] {Threei} I forgot
[13:05] {strider} memory pills.
[13:05] {nemo} pamprin...for crissakes
[13:05] {Threei} those who learn to play loco, aka momo, observe SERV
[13:05] {shorty} Threei SERV, what are your thoughts?
[13:06] {nemo} HS!
[13:06] {Threei} thoughts??
[13:06] {shorty} Playing with the memory jokes
[13:06] {Threei} look the room topic
[13:06] {nemo} looking for pace change
[13:06] {dino} my thgt 8 million order just doubled company?
[13:06] {nemo} hopefully off pullback
[13:06] {strider} candles indicate probable reversal.
[13:07] {Threei} dino... look at ABIO friday run
[13:07] {nemo} like to see it around 5
[13:07] {Threei} news: lame patent
[13:07] {dino} yeah, saw that
[13:07] {dino} i understand, just confused
[13:07] {dino} hmm, guess i don't then
[13:08] {Threei} CBAK Ticking higher on chatter of possible contract win with Samsung (2.56, +0.22, 9.40%)
[13:11] {shorty} MS Threei?
[13:12] {Threei} if market reverses and goes up from here, .15 would be a long trigger on it
[13:14] {dino} stopped pwrd
[13:18] {nemo} is serv an ipo?
[13:19] {dino} no
[13:19] {dino} 3 year chart shows
[13:19] {Les} couldn't find it either on freestockcharts
[13:19] {nemo} well, I have no data before today on laser
[13:19] {dino} cyber has it
[13:21] {Threei} nemo?
[13:21] {Threei} all data is in
[13:21] {nemo} ?
[13:21] {nemo} I believe you, I just don't have access to it here
[13:21] {Threei} how can it be?
[13:21] {Threei} do you have daily chart up?
[13:22] {shorty} Long 2916 MS
[13:22] {shorty} 29.16
[13:22] {nemo} funny...on the minute chart, I only have today
[13:22] {Threei} one min, sure
[13:22] {Threei} call up daily
[13:23] {nemo} yeah, I have daily
[13:23] {Threei} and nothing before today??
[13:23] {nemo} I have daily data, and should have 5 days worth in minute data, but don't
[13:24] {Threei} strange
[13:24] {nemo} well....yes, I am
[13:24] {Threei} the only suggestion I can make is volume was so miniscule, your computer doesn't discern it
[13:24] {Threei} and it really was
[13:25] {Threei} 5K
[13:25] {Threei} some days zero
[13:26] {Threei} today's volume spike stands out like pepsi cola kiosk in the middle of Sahara
[13:27] {dino} there's a picture
[13:27] {strider} long ASH .71
[13:30] {strider} out .83 +.12
[13:30] {shorty} Should have went with you strider, nice.
[13:31] {strider} Well I missed the pop....but had my offer in.
[13:32] {strider} CHK at hod
[13:33] {dino} gj
[13:33] {strider} :)
[13:33] {dino} pwrd l .50
[13:35] {shorty} out ms -.10
[13:36] {Threei} sudden market drop
[13:36] {Threei} no news that I see
[13:36] {shorty} I felt it.
[13:37] {strider} just letting some air out of the tires.
[13:43] {Threei} FONR Strength in MRI names attributed to NY Times article yesterday discussing dangers of CT scans; FDA ignored warnings from experts on CT scans
[13:43] {Threei} another mover from hell?
[13:44] {Les} isn't this what you defined as the top? all this crap going ballistic?
[13:44] {Les} the market top
[13:45] {dino} vprt hl l .75
[13:45] {Threei} this is what you usually see near the top yes
[13:46] {dino} that sucked
[13:47] {strider} It sure did, dino. Sorry.
[13:47] {dino} my fault
[13:47] {dino} thought breakout was coming
[13:47] {strider} I think you should hold vad responsible.
[13:47] {dino} ok
[13:47] {dino} coming back, stop is .47
[13:48] {nemo}'s magoo's fault...never blame somebody who is here to defend themselves
[13:48] {dino} lol
[13:48] {Threei} good idea nemo
[13:48] {nemo} :)
[13:48] {fernp} lol nemo
[13:48] {nemo} you used it against me when I wasn't here once
[13:49] {strider} Maybe nemo will leave early again today.
[13:49] {nemo} Yeah, I'm driving to North Carolina tonight
[13:49] {strider} Oh good.
[13:49] {nemo} hehehehe
[13:49] {dino} lol
[13:49] {nemo} gotta' get the ark finished first
[13:49] {strider} I'll get my 'people' together.
[13:50] {nemo} I can see Liam Neeson in "Next of Kin
[13:50] {strider} THe North Carolina Order of Retribution Tong.
[13:50] {Threei} FONR on the lam
[13:50] {nemo} Chinese Hillbilly? Now I've heard everything
[13:50] {shorty} nemo, one place that I really like is Anderson, SC. Will remember it for a long time. Beautiful country down there.
[13:50] {strider} what was her name?
[13:50] {shorty} lol
[13:50] {nemo} Yeah, had some friends in Anderson
[13:51] {nemo} lived there for a while in the 80's
[13:51] {shorty} I was a long haul truck driver, I forget her name. She was cheap though.
[13:52] {nemo} Truckstop Betty
[13:52] {shorty} You know her too!
[13:52] {shorty} good gal she was.
[13:52] {nemo} ehhh....nevermind
[13:52] {nemo} that whole watermelon through.....nevermind
[13:52] {shorty} lol
[13:53] {Threei} you are threading dangerously close to the limit of me having to edit the log
[13:53] {Threei} and I seriously hate to do that
[13:54] {nemo}'s about time for trades to start popping up again
[13:54] {jfjf64} hey what kinda room ya runnin vad
[13:54] {Threei} I thought trading one
[13:54] {Threei} but as you can see clearly, I was wrong
[13:54] {RonS} redneck
[13:55] {jfjf64} ivan will be stoppin by soon
[13:55] {nemo} ?
[13:55] {fernp} AMZN, Vad? you think is a valid breakdown?
[13:55] {Threei} I think so
[13:56] {Threei} just remember its volatility
[13:56] {Threei} can't really play it with tight stop
[13:56] {shorty} MS took me out. Bad for me.
[13:56] {Threei} that was heck of a sudden market drop shorty
[13:57] {dino} still in, but thing is a dog
[13:57] {fernp} above .72 is valid stop, vad?
[13:58] {shorty} This is why I play 200 shares Threei. I am still a young grasshopper
[13:58] {Threei} yes... don't you hate it?
[13:58] {Threei} I prefer to play it differently fern
[13:58] {Threei} aggressive entries
[13:58] {fernp} true
[13:58] {fernp} i hate it
[13:59] {Threei} there
[13:59] {Threei} it came into resistance,
[13:59] {Threei} now wait for it to form mini range,
[14:00] {Threei} and shoer break of it with market turning down
[14:02] {nemo} volume pathetic
[14:02] {nemo} except in sp500 not too bad
[14:02] {Threei} SEC has reportedly requested inforamtion from 24 large institutions on repurchase agreements
[14:03] {dino} shocking
[14:03] {nemo} what...that they even asked?
[14:03] {dino} yeah, next they'll want nemo's short records
[14:04] {nemo} yeah, I've got the massive buying power to move markets
[14:07] {Threei} quite narrow today
[14:09] {dino} yes
[14:11] {shorty} STX ?
[14:11] {Threei} EPE Halted; news pending (43.54, +0.31, 0.72%)
[14:11] {Threei} 14:09 DEP Halted: News pending
[14:11] {Threei} - note: both EPB and DEP are natural gas liquid pipeline companies. (26.87, -0.06, -0.22%) (related EPB )
[14:11] {Threei} 14:09 EPD Halted: News pending (34.04, +0.19, 0.56%)
[14:11] {dino} ms stopped +.06
[14:12] {Threei} don't see any setup there, STX
[14:12] {Threei} so what is it with 3 halts in the sector?
[14:12] {Threei} EPD Chairman has died
[14:13] {Threei} Enterprise Products Partners LP Chairman Dan L. Duncan for DEP, EPE, and EPD has died
[14:13] {Threei} - chairman Dan L. Duncan passed away last night at his home in Houston. Mr. Duncan co-founded Enterprise Products Company in 1968 and took Enterprise Products Partners public in July 1998.
[14:13] {Les} news travels fast
[14:24] {shorty} We are all idlers
[14:24] {dino} open, drop and up
[14:24] {Threei} we are all what?
[14:25] {shorty} The market crushed me today.
[14:25] {Threei} ??
[14:25] {Threei} EPD open
[14:26] {dino} dropping
[14:26] {Threei} CDC: seeing "worrisome trends" that H1N1 is circulating in Southeast US - CNBC
[14:26] {Threei} not again
[14:26] {Threei} BCRX spiked
[14:26] {Threei} list of swine flu stocks, for refreshment:
[14:27] {RonS} ...they heard nemo was coming down...
[14:27] {Threei} BCRX reaction is the best
[14:28] {Threei} IMO, they are all short on spikes, just don't want to be in too ealry
[14:28] {nemo} vituperative aren't we
[14:30] {Les} 7 b/d BCRX?
[14:31] {Les} sorry, still too early
[14:31] {Threei} I think it is
[14:31] {Threei} need to work off the initial momo
[14:33] {Threei} LVS Hearing Argus raises price target to $26
[14:35] {dino} pwrd to .69
[14:37] {RonS} vicissitudedudeness actually
[14:38] {nemo} drinking on a Monday afternoon
[14:38] {strider} UBS
[14:38] {Threei} I'll bite
[14:38] {Threei} what??
[14:38] {larisa} cj
[14:39] {dino} slipped out .64 +.14 pwrd
[14:39] {Threei} not you too larisa
[14:39] {larisa} :)
[14:39] {RonS} ubs!
[14:39] {RonS} ??
[14:39] {nemo} yeah really
[14:40] {Threei} UBS AG UBS fixed income revenue reportedly approx $2.3B in Q1, Q1 rev from credits reportedly near $1B - unconfirmed report
[14:40] {Threei} - UBS earning report is schuduled to be released on May 4th.
[14:40] {Les} heh that be swiss crap flying
[14:41] {Threei} well, why not... you didn't think crap was localized to this or that country, didn you
[14:41] {RonS} UBS: "we are legally stealing money...again"
[14:41] {Threei} crap isinternational and knows no borders
[14:42] {RonS} CS?
[14:43] {RonS} DB?
[14:43] {Threei} ?
[14:43] {Threei} BCRX
[14:43] {Threei} I think it runs out of gas
[14:44] {Threei} let's see if forms a rane close to 7
[14:44] {strider} como se dice en ingles, 'rane'?
[14:44] {Threei} range
[14:44] {Threei} jeez
[14:45] {strider} ah. muy bien.
[14:45] {strider} gracias, senor.
[14:45] {Threei} na zdorov'e
[14:45] {RonS} the rane in spain is mainly on the plain
[14:45] {Threei} lol
[14:46] {Threei} ok, that was a first good one today
[14:46] {strider} why didn't I think of that.
[14:46] {RonS} you have to be twisted...and corny
[14:46] {strider} Both-and , or either-or?
[14:48] {fernp} rane = ia almost frog
[14:48] {fernp} rana
[14:48] {fernp} is frog
[14:49] {Les} s bcrx .12
[14:49] {strider} how do you say "b-ribbit" in spanish, fern?
[14:50] {fernp} rabbit?
[14:50] {nemo} spaniards aren
[14:50] {nemo} frogs
[14:51] {strider} what sound does a frog make in Spanish?
[14:52] {Threei} kva
[14:52] {strider} I don't think so, vad.
[14:52] {nemo} Vad, you should really edit this
[14:53] {fernp} cruaj more o less lol
[14:53] {RonS} yo quiero taco bell
[14:53] {nemo} wow...I'm starting to get worried
[14:54] {Threei} why nemo? someone might think we are not entirely normal?
[14:54] {Threei} what's wrong with the truth?
[14:54] {nemo} hell no, I'm way off the deep end, these guys are drilling to the center of the earth
[14:54] {dino} you can't handle the truth
[14:54] {nemo} Here's Johnnny!
[14:54] {RonS} lol...stop it and find a play
[14:55] {nemo} everything looks like the market right now
[14:56] {RonS} pet peeve: people who say butt ugly
[14:56] {nemo} what brought forth this soul-bearing comment?
[14:56] {Threei} FONR is holding surprisingly well
[14:57] {Threei} "what grinds my gear" ron?? :)
[14:57] {dino} griffin
[14:57] {RonS} response to "looks like the market"...buck ugly
[14:59] {RonS} fonr going nuts
[14:59] {Threei} ok
[14:59] {Threei} Short Setup: BCRX 7 break
[14:59] {Threei} if stays under .15
[15:00] {Threei} FONR is likely to pull back now, before going to 4
[15:01] {RonS} ...think TIE will pop on break of hod?
[15:01] {Les} can't short it here
[15:02] {Threei} no read on TIE
[15:02] {dino} back in 10
[15:02] {jfjf64} mck vad
[15:04] {Threei} pullback occured FONR
[15:04] {Threei} let's see if 4 occurs
[15:04] {Threei} no idea on that one jf
[15:04] {jfjf64} lookin 5 min .40
[15:05] {jfjf64} waitin on boli band
[15:05] {Threei} (GR) Greece Fin Min: Unlikely spreads will narrow quickly following EU proposal (related EUR/USD BUNDS NBG )
[15:05] {Threei} quickly? what about "at all"?
[15:09] {Threei} anyone went for FONR around 4.40?
[15:10] {Threei} 3.40
[15:10] {Les} forgot it
[15:10] {Threei} [15:04] {Threei} pullback occured FONR
[15:11] {fernp} 3.44 w/ stop under 3.33 here
[15:11] {Threei} half out
[15:11] {Threei} right here
[15:12] {Threei} this moment where it breaks previous high and hesitates is critical
[15:12] {Threei} break an run or double top
[15:12] {Threei} so sell half
[15:14] {fernp} out here .68
[15:14] {fernp} ty vad
[15:14] {Threei} sure thing
[15:16] {dino} nice one
[15:19] {shorty} See you guys tomorrow.
[15:19] {fernp} bye shorty
[15:19] {Threei} take care shorty
[15:20] {Les} ciao
[15:20] {dino} vprt stopped
[15:21] {Les} vad, u see somx good for b/d?
[15:22] {Threei} for a scalp, maybe
[15:22] {Threei} nothing graoundshaking
[15:23] {Les} covered bcrx as it dropped to 7 before. looking for one last trade
[15:24] {Les} s somx .9000
[15:29] {jfjf64} ubs havin little party
[15:34] {Les} riddle me this news caption:
[15:34] {Les} One of Romania's most powerful criminals has warned his country must do something to stop the wave of Gypsy child crime that is sweeping Europe or face a backlash against Romanians.
[15:35] {Threei} here comes your SOMX
[15:36] {Les} I'd accept politician making such argument...
[15:36] {Les} out +.09
[15:36] {Threei} I don't see what your problem isd Les... they said politician in wat you quoted
[15:37] {Threei} wtg, good scalp
[15:37] {Les} hmm freudian slip of tongue you say?
[15:37] {Threei} powerful criminal
[15:37] {fernp} gj les i liked the traded
[15:37] {fernp} Good evening everybody. see u tomorrow
[15:38] {Threei} take care fern
[15:38] {Les} ciao
[15:38] {dino} cya fern, gj les
[15:39] {dino} idc
[15:39] {dino} bid
[15:39] {Threei} IDC KKR and CVC capital reportedly bidding for the company - unconfirmed report (33.42, +1.38, 4.31%)
[15:42] {dino} sm l .50 idc
[15:43] {Threei} FONT deep pullback
[15:43] {Threei} FONR
[15:43] {Threei} SERV too but that one I like less
[15:46] {Les} alright had my fun. c u's tomorrow
[15:46] {Threei} tak care Les
[15:47] {dino} cya les
[15:47] {jfjf64} enjoy les
[15:47] {strider} Vad, I'm holding CHK from 23.07. Would you hold overnight?
[15:47] {Threei} I wouldn't
[15:47] {strider} k
[15:47] {Threei} not because I think it will gap down
[15:48] {Threei} simply because I see no point in taking this risk
[15:48] {Threei} what to do with half of LOCM is my dilemma
[15:48] {Threei} never got stopped
[15:48] {Threei} doesn't look to resolve before eod
[15:50] {Threei} will liquidate it today, no desire to take home anything
[15:56] {Threei} come on LOCM
[15:56] {Threei} break
[15:59] {dino} out asps +.05
[15:59] {dino} out ehth +.10
[15:59] {Threei} cleaning the floor dino? :)
[16:00] {Threei} Ok guys, thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {nemo} c ya
[16:00] {dino} out idc -.20
[16:00] {strider} bu-bye
[16:00] {dino} yeah, not thrilled w/action today
[16:00] {Threei} Monday
[16:00] {Threei} hangover
[16:00] {Threei} tomorrow will be better
[16:00] {strider} can I get that in writing?
[16:00] {nemo} quarter end positioning
[16:01] {strider} IS in writing.
06[16:01] * nemo slaps strider around a bit with a large bottle of Hillbilly moonshine
[16:01] {strider} THere is no other kind.
[16:01] {nemo} there's no better, but there's others