Friday, September 10, 2010

Sep 10 2010

Another low volume holiday trading day... hopefully finishing this streak of teeth-pulling-like trade search. Here is nice one we found today:



Session Time: Fri Sep 10 00:00:00 2010
[08:40] {Threei}  QTWW
[08:40] {Threei}  Quantum Fuel Systems Technologies Worldwide Inc Reports Q1 -$0.01 v -$0.12 y/y, R$3.6M v $3.1M y/y
[08:40] {Threei}  - CEO: "We are excited to see the Fisker Karma move into the production phase and Quantum making the initial product shipments to support Fisker Automotive. We recently announced the first phase production order in the amount of approximately $30 million, which we expect to be the first of many production orders to come. We anticipate these orders will have a positive impact on our 2011 fiscal year operating performance. We continue to invest in pre-production activities related to the Fisker vehicle program and are excited about the full production launch in February 2011." Mr. Niedzwiecki continued, "Our Renewable Energy business has many projects in the pipeline and we are in the full-scale development phase on some of these projects and expect them to be commissioned in the 2011 to 2012 timeframe."
[08:41] {Threei}  LULU
[08:41] {Threei}  Lululemon athletica inc Reports Q2 $0.30 v $0.24e, R $152.2M v $146Me; Raises FY10 guidance
[08:41] {Threei}  - Guides Q3 $0.22-0.24 v $0.23e, R$155-160M v $152Me
[08:42] {Threei}  - Raises FY10 guidance to $1.18-1.22 v $1.15e, R$645-650M v $635Me (from $1.05-1.10, R $620-635M on 10th Jun)
[08:42] {Threei}  DELL Morgan Stanley Cuts DELL to Underweight from Equal Weight, price target: $11
[09:05] {strider} Exchanges are observing "moments of silence" at various times this morning...don't know if trading will be halted during those times.
06[09:06] * nemo slaps magoo around a bit with a large trout
[09:06] {strider} Waste of a perfectly good trout.
06[09:07] * nemo slaps magoo around a bit with a large catfish?
[09:07] {strider} a little better....  though you can't put the trout back.
[09:08] {nemo} cest la vie
[09:08] {strider} c'est la mort
[09:08] {nemo} touche
06[09:08] * strider slaps nemo around a bit with a large straw dog
[09:10] {ese} morning
[09:11] {ese} hmmmmmm browse thousands of local singles on mibbit..............theres hope for you nemo
[09:11] {Threei}  ese :)
[09:11] {ese} vad
[09:11] {nemo} nice strider
[09:12] {nemo} er...ese...I have my hands full already
[09:12] {ese} lol....good one
[09:12] {Threei}  I guess they moved your spot to earlier time ese, so switching to channel at 8:20 I was late
[09:12] {Threei}  if they inform you about time of repeat, let me know please
06[09:13] * magoo slaps nemo around a bit with a large trout
[09:13] {ese} ya....got a wack of calls telling me i was on
06[09:13] * magoo slaps strider around a bit with a large trout
[09:13] {ese} done
[09:13] {nemo} ese:  dcc
[09:14] {nemo} a wack of calls, that's an interesting term
[09:17] {RonS} gm all. another day, another speech...O again at 11 eastern
[09:17] {Threei}  Ron :)
[09:17] {Threei}  hey, there was a motto of some Russian writer... "no day with no line"
[09:18] {ese} ya....a wack of this...a wack of that......
[09:18] {strider} magoo, I resent being put in the same whack category as nemo.
[09:18] {nemo} what exactly are you talking about ese?
[09:19] {nemo} Are we back in Vad's opposable thumb discussion?
[09:19] {RonS} motto of the current Prez:  no day with no whine.
[09:19] {ese} the "wack of calls" comment you made
[09:19] {strider} elmer fudd syndrome
[09:19] {magoo} i do apoligize strider, can truly understand:)
[09:19] {strider} ok, then.
[09:20] {Threei}  lol mags
[09:20] {strider} morning everyone.
[09:20] {Threei}  BO's getting, umm, whacked
[09:20] {Threei}  BP
[09:20] {RonS} meanwhile $650 mil of yoga wear? Check LULU
[09:21] {Threei}  yeah, raised guidance
[09:21] {Threei}  conference call in progress
[09:21] {dino} gm all
[09:21] {Threei}  dino :)
[09:21] {Threei}  so surprises possible
[09:21] {Threei}  LULU CFO: Sees slightly higher gross margins y/y in Q3; expects comps to moderate in the second half of 2010 - conf call
[09:21] {Threei}  - Expects inflationary pressures to impact gross margins in Q4 and Q1 of 2011. (35.85, 0.00, 0.00%)
[09:21] {ese} dyno
[09:22] {ese} opps dino
[09:22] {dino} ron, thats funny!
[09:22] {dino} guy is a whiner, not my fault
[09:25] {Threei}  guys, this is Friday of a short low volume week, Jewish holiday,
[09:25] {Threei}  so I intend to do what worked for us yesterday
[09:25] {Threei}  stay very picky, patient, take only safest trades
[09:25] {nemo} which is.......
[09:25] {nemo} oh
[09:25] {Threei}  not pushing hard
[09:25] {Threei}  one more thing to remember:
[09:26] {Threei}  around this date market is very sensitive to terror scare rumors
[09:26] {Threei}  so, let's stay nimble
[09:27] {Threei}  grab sure things and remember that there is no such thing as sure things
[09:28] {Les} THE SKY IS FALLING, THE SKY IS FALLING!!!
[09:29] {Les} hmm tough crowd
[09:30] {Les} {---- smacks room around with a liquid lunch induced "where's you friday sense of humour?"
[09:31] {Les} TLT gap closure
[09:31] {nemo} bly lulu
[09:31] {nemo} bye
[09:32] {ese} i'll say
[09:32] {nemo} wow
[09:32] {Threei} Short Setup: BP  .95 break
[09:32] {nemo} momo magoo
[09:32] {RonS} lulu 8.7 mil sh short
[09:33] {dino} more value added. bbt had skx at buy at 40, now its a hold at 23
[09:33] {Threei}  stop above 38
[09:34] {jfjf64} mornin
[09:34] {Threei}  jf :)
[09:35] {jfjf64} in
[09:36] {Threei} Long Setup:  LVS  .90 break
[09:36] {Threei}  if stays above .80
[09:37] {Threei}  no go BP
[09:39] {jfjf64} adbe
[09:39] {jfjf64} short
[09:39] {jfjf64} .05 break
[09:40] {jfjf64} in
[09:40] {jfjf64} die
[09:40] {jfjf64} b
[09:40] {nemo} meanie
[09:41] {jfjf64} half out
[09:42] {jfjf64} with  market  rip  not  moving
[09:43] {jfjf64} cover
[09:43] {nemo} .70 s pvot suport
[09:44] {Threei} Long Setup:  LVS  .75 break
[09:44] {jfjf64} bounce  here maybe
[09:44] {Threei}  if stays above .65
[09:45] {jfjf64} .95 recross adbe
[09:45] {jfjf64} hold .85
[09:45] {Threei} Short Setup: RIMM  .30 break half lot
[09:46] {Threei}  if stays under .45
[09:46] {Threei}  HIG Hearing takeover chatter circulating
[09:47] {jfjf64} in
[09:47] {jfjf64} .96
[09:47] {jfjf64} adbe
[09:47] {dino} whr gap around 74.18
[09:48] {Threei}  LVS is on
[09:49] {jfjf64} in
[09:49] {jfjf64} i need drink
[09:50] {nemo} had one already
[09:50] {Threei}  should be more than scalp but with partials
[09:50] {jfjf64} adbe  gonna  pop
[09:52] {Threei}  let's trail LVS to under .70
[09:52] {ese} wholesale invenories at 10 ? yes no?
[09:52] {Threei}  (US) Preview: July Wholesale Inventories due out at 10:00ET
[09:52] {Threei}  **Consensus expectation: 0.4%e v 0.1% prior
[09:52] {dino} y
[09:53] {jfjf64} out
[09:53] {Threei}  Les
[09:53] {Threei}  found picture for you
[09:53] {jfjf64} adbe
[09:53] {Threei}  http://realitytrader.com/vad/chicken-little-sky-falling.jpg
[09:54] {Threei}  LVS, if you are ery very stingy, trail stop to .74
[09:54] {Threei}  I personally will leave it under .70
[09:54] {ese} i'm watching adbe jf
[09:55] {jfjf64} i  got  away  ese
[09:55] {jfjf64} sd  still hv  piece
[09:55] {ese} looking for bounce somewhere
[09:55] {jfjf64} great trend line
[09:56] {jfjf64} i wd  wait  pullbk
[09:56] {strider} rimm stop still at .45?
[09:56] {Threei}  I think so
[09:56] {Threei}  trailing to .40 makes little sense
[09:57] {jfjf64} how did i know  you  were  gonna agree
[09:57] {Threei}  market makes new highs though
[09:57] {jfjf64} KINK OF PULLBK
[09:57] {Threei}  and RIMM can't raise its head
[09:57] {jfjf64} DOG w fleas
[09:57] {Threei}  looks like good short material
[09:57] {jfjf64} y
[09:58] {jfjf64} .23  break 3i
[09:59] {Threei}  ?
[09:59] {jfjf64} rimm
[09:59] {Threei}  wake up jf
[09:59] {Threei}  09:45] {Alert} Threei Short Setup: RIMM .30 break half lot
[09:59] {jfjf64} lol
[09:59] {Threei}  :)
[10:00] {jfjf64} lost track
[10:00] {jfjf64} adbe
[10:00] {Threei}  *(US) JULY WHOLESALE INVENTORIES: 1.3% V 0.4%E
[10:00] {Threei}  LVS no go
[10:01] {Threei}  now let's trail RIMM to above .40
[10:01] {Threei}  1:1
[10:01] {Threei}  decide between scalp and partial
[10:01] {Threei}  I partial
[10:01] {Threei}  want more
[10:02] {Threei}  G.Gekko is out of jail, greed is good again
[10:02] {jfjf64} always
[10:03] {Threei}  stop to .35 for RIMM balance
[10:03] {Threei}  ARST Hearing takeover chatter circulating (36.07, +0.60, 1.69%)
[10:04] {dino} cree sm l .35
[10:05] {Threei}  whoa
[10:05] {Threei}  LVS
[10:05] {jfjf64} rig  a  beast
[10:05] {Threei}  thank god for stops
[10:06] {jfjf64} she not  the  girl  she  once was
[10:07] {dino} deck sm l .76
[10:07] {Threei}  well jf... they marry us hoping we change; we marry them hoping they never change.. both are wrong
[10:07] {jfjf64} learnin that
[10:08] {jfjf64} on  that  note  .55 break  looks  temptin
[10:08] {jfjf64} ??
[10:08] {Threei}  lily, feel free to slap me with trout if disagree
[10:08] {Threei}  on LVS?
[10:08] {jfjf64} y
[10:08] {jfjf64} nope
[10:08] {Threei}  let's leave it alone for now
[10:08] {jfjf64} she no lk us
[10:08] {Threei}  I don't knoiw what caused such sharp selling
[10:09] {Threei}  no news
[10:09] {lilyd} lily's too tired this morning to disagree
[10:09] {ese} L fitb .97
[10:09] {jfjf64} fitb
[10:09] {Threei}  hmm... between you being tired and larisa still on vacation, I get away with a lot
[10:09] {lilyd} good times for you...
[10:09] {Threei}  .50 break, maybe jf
[10:10] {jfjf64} wher stop ese
[10:10] {Threei}  very risky
[10:10] {Threei}  no official call
[10:10] {Threei}  only if you really need to scratch the itch
[10:10] {jfjf64} il  leave that  alone
[10:10] {Threei}  ok
[10:11] {Threei}  who goes for that, .40 is support for stop placement
[10:11] {ese} .90 jf
[10:11] {jfjf64} nemo very  quiet  today
[10:11] {jfjf64} ty ese
[10:11] {jfjf64} fitb
[10:11] {Threei}  gosh RIMM
[10:11] {ese} yup
[10:11] {Threei}  what's wituh water torture
[10:11] {Threei}  just die
[10:12] {nemo} dcc jf
[10:12] {jfjf64} oh boy
[10:13] {strider} vad, will you hold rimm for 2:1, or take before 44?
[10:14] {Threei}  depending on how it gets there (providing it does)
[10:14] {Threei}  if slides gradually, will try to ride it
[10:14] {Threei}  sharp drop, will look to cover
[10:14] {strider} k
[10:14] {strider} sure is weak
[10:15] {Threei}  very
[10:15] {Threei}  nauseating kind of weakness
[10:15] {Threei}  for longs that is
[10:15] {Threei}  salmon
[10:15] {Threei}  not covering
[10:15] {Threei}  want it significantly lower
[10:15] {strider} GE at hod, trying to break 16
[10:16] {Threei}  if greed gets me in troubles, well... G.Gekko is not the worst company to be in
[10:16] {Threei}  or "in which to be"
[10:16] {Threei}  look at the INCA offer
[10:17] {Threei}  canceled
[10:17] {Threei}  too bad
[10:17] {Threei}  btw, who went for LVS, that was 1:1 2 min ago
[10:18] {Threei}  btw, stop top b/e
[10:18] {Threei}  on RIMM
[10:19] {jfjf64} 3i  thoughts  vlo
[10:19] {jfjf64} .15 break
[10:19] {Threei}  I like, but slow one
[10:20] {Threei}  water tirture stock
[10:20] {jfjf64} yes
[10:20] {Threei}  you may spend hours waiting for it to resolve
[10:20] {jfjf64}  not  my  cup of  tea
[10:20] {Threei}  yeah, thought so
[10:20] {Threei}  you are instant gratification kind
[10:20] {jfjf64} think
[10:21] {Threei}  no
[10:21] {jfjf64} thats  ya  read  on  my  trading
[10:21] {Threei}  sorry but I refuse to
[10:21] {Threei}  it causes me headache
[10:21] {Threei}  and losing trades
[10:21] {Threei}  and look at the room topic
[10:21] {jfjf64} exactkly
[10:22] {ese} you spelt that wrong......egggzacally
[10:22] {jfjf64} lol
[10:23] {Threei}  eqzaktly
[10:23] {jfjf64} rimm c/h
[10:23] {Threei}  you guys...
[10:23] {jfjf64} bounce time ??
[10:23] {jfjf64} may  be  missed
[10:24] {Threei}  well, this chart formed inverse H&S, yes,
[10:24] {Threei}  but look how it stays close to low while market makes new high for the day
[10:24] {ese} auch du miya vad.....your right again.....when will i ever learnt
[10:24] {Threei}  can be a late boomer of course but hewck... I am not a fan of going long on such weak stocks
[10:25] {Threei}  what they tend to do is:
[10:25] {Threei}  climb just a tad while market shoots up, not enough for meaningful profit,
[10:25] {Threei}  then market gets tired and reverses
[10:25] {Threei}  and this lagger just cascades
[10:29] {jfjf64} .10  break
[10:29] {jfjf64} rimm
[10:29] {jfjf64} short
[10:30] {jfjf64} wrong  entry
[10:30] {jfjf64} tough one
[10:31] {jfjf64} look  market
[10:31] {Threei}  and look RIMM
[10:31] {jfjf64} yes
[10:31] {Threei}  reminds me that tailor
[10:31] {ese} fitb.....chaaaaa chingga
[10:32] {Threei}  when client complained that it took just 7 days to create world and over two months to build his pants,
[10:32] {ese} lol
[10:32] {Threei}  he answered "yeah, but loo at this crappy world and look at this beautifu trousers"
[10:33] {Threei}  stop to above .25
[10:33] {Threei}  just because it's "by the book"
[10:33] {Threei}  practicing standard procedures even when it doesn't make much difference
[10:34] {jfjf64} nice ese
[10:34] {jfjf64} fitb
[10:34] {ese} yer killin me vad!!!   yer killin me
[10:34] {Threei}  as nemo says, perfect preactice makes it perfect
[10:34] {ese} tks
[10:34] {Threei}  lose that 44 RIMM
[10:34] {Threei}  take down that wall
[10:35] {Threei}  good boy
[10:35] {Threei}  over 1:2
[10:35] {Threei}  nervous action here
[10:35] {Threei}  decide what you want guys
[10:35] {Threei}  cover or hold
[10:36] {Threei}  if holding stop to above .20
[10:36] {jfjf64} outs
[10:36] {strider} out
[10:36] {jfjf64} nice read
[10:36] {dino} out cree +.35, out deck, +.40
[10:36] {Threei}  wtg
[10:36] {ese} cool beans dino
[10:36] {jfjf64} nice  nice dino
[10:37] {ese} was just lookin at cree when you posted
[10:37] {ese} it's got that classic double bottom you like
[10:38] {ese} when were you in on cree?
[10:40] {ese} never mind......found it .35
[10:41] {Threei}  1:3 baby
[10:42] {gregns} darn you 3i
[10:42] {Threei}  not my fault... G.Gekko
[10:42] {gregns} ty for the 1:2 anyway
[10:42] {ese} thats why he's the chief
[10:42] {Threei}  welcome
[10:42] {Threei}  I made up my mind
[10:43] {Threei}  covered all but little piece,
[10:43] {gregns} 2 months ago i never would have had the patience for the 1:2
[10:43] {Threei}  150 shares
[10:43] {Threei}  +.45 so far
[10:43] {Threei}  stop is trailed to abpve44
[10:43] {Threei}  so, it's a progress greg
[10:43] {jfjf64} nice  greg
[10:43] {gregns} ty
[10:44] {Threei}  OPTT Trading higher on reports the firm has been awarded more DoE funding (5.21, +0.08, 1.56%)
[10:44] {ese} i'll add my good job to that fella
[10:44] {Threei}  OPTT in case you don't remember is wave energy technology
[10:44] {Threei}  VVUS Hearing renewed takeover chatter circulating
[10:44] {Threei}  - Pfizer rumored as potential acquirer (6.33, +0.22, 3.60%) (related PFE )
[10:45] {ese} ya...the future is here......
[10:46] {Threei}  where?
06[10:46] * Threei looks over his shoulder both ways
[10:46] {ese} soon i'll be able to teleport myself...star trek style right into nemo's living room and scare the sh*&^t out of him
[10:47] {Threei}  you couldn't think of better place to go??
[10:47] {nemo} It's not a good idea to startle me
[10:47] {ese} lol
[10:47] {jfjf64} lol
[10:47] {Threei}  talk about wasring great technological achievements
[10:47] {Threei}  wasting
[10:47] {nemo} ask my cousin's late husband
[10:47] {nemo} oh....you can't  ;)
[10:48] {Threei}  RIMM 1:4
[10:48] {Threei}  stop is trailed to .90
[10:49] {ese} ya your right....make that les's living room....he lives in switzerland......
[10:49] {Threei}  no thinking no more, blind following the procedure
[10:49] {nemo} rimm right at some support line I had drawn in
[10:49] {jfjf64} yeah  sure  nemo
[10:49] {Threei}  cool, let's see it breaking it and cascading
[10:49] {nemo} ahhh, from the 2nd of september
[10:49] {jfjf64} lol
[10:50] {nemo} there's a  minor pivot support at .68
[10:50] {Threei}  not anymore
[10:50] {nemo} then nothing to .25
[10:50] {Threei}  hmmm... that would give me full dollar
[10:52] {nemo} tna/tza doing the vwap dance
[10:52] {Threei}  61% Say Cutting Spending Will Create More Jobs Than Obama's New $50 Billion Program
[10:55] {Threei}  speaking of OPTT,
[10:55] {Threei}  9/9 the DoE disclosed that Ocean Power Technologies will create a fully integrated design for its 500 kilowatt PB500 PowerBuoy wave energy device. The project will quantify the operating characteristics of the PB500 design with computer simulations and 3D modeling and will modify the design to achieve target operating characteristics. The DOE funding is part of larger four-year project by the company that aims to manufacture commercially- available PB500s. DOE Funding: $2,400,000. Total Project Value: $4,200,000.
[10:55] {Threei}  let's remember this name
[10:56] {Threei}  I am skeptical about alt energies but at the right moment this one seems to be a runner candidate
[10:57] {Threei}  done with RIMM
[11:01] {Threei}  (DE) An explosion has reportedly occurred at a hotel in Copenhagen, Denmark (related GLD USO )
[11:01] {strider} ACAS strong last couple of weeks.
[11:02] {Threei}  guess who is on TV
[11:02] {strider} JBE formation on daily
[11:06] {strider} those dastardly republican senators
[11:06] {Threei}  they are the worst
[11:07] {Threei}  one little glitch though
[11:07] {Threei}  Joe Donnelly (D) in Indiana 2 runs an ad criticizing Barack Obama
[11:08] {Threei}  Travis Childers in Mississippi 1 boasts of voting against the budget. (D)
[11:08] {Threei}  Steve Driehaus (D) in Ohio 1 runs a spot identifying his opponent as a congressman, even though he's an ex-congressman, while positioning himself as the challenger.
[11:08] {Threei}  At least five House Democrats are running ads bragging about their votes against Obamacare.
[11:08] {strider} you shut up
[11:08] {Threei}  Surveys of ads run by candidates indicate that no Democrat has run an ad bragging about the health care bill since Senate Majority Leader Harry Reid did in April.
[11:09] {strider} party pooper
[11:09] {Threei}  sorry
[11:09] {Threei}  US) President Obama: Reiterates plan for investment tax write off and 6 year infrastructure plan; confirms Austin Goolsbee to replace Romer as CEA head
[11:09] {Threei}  - urges Congress to pass small busintess legislation once again
[11:10] {jfjf64} see ya all later
[11:10] {nemo} thanks for the warning
[11:10] {Threei}  take care jf
[11:10] {jfjf64} lol
[11:10] {nemo} ;)
[11:10] {Threei}  and jf
[11:11] {Threei}  never mind nemo, it's not like he hates you any more than anyone else... he is not discriminating
[11:11] {jfjf64} all good
[11:11] {jfjf64} nemo ok
[11:11] {nemo} fine ;)
[11:11] {Threei}  wow
[11:11] {Threei}  you are in more troubles than I thought
[11:12] {nemo} Stockholm syndrome
[11:12] {Threei}  lol
[11:12] {Threei}  good one
[11:12] {nemo} hehehehehe
[11:12] {Threei}  hey
[11:12] {RonS} cya jf
[11:12] {Threei}  president explained while he ran for presidency
[11:12] {RonS} dino check crox
[11:13] {Threei}  that's because middle class wasn't gettring its fair skare
[11:13] {Threei}  share
[11:13] {strider} wants to skare it even more?
[11:13] {strider} :)
[11:15] {dino} shoes are to be banned
[11:15] {dino} reiterates 3q view
[11:15] {dino} odd
[11:15] {dino} 14-10 two days
[11:16] {Threei}  kings and cabbage
[11:16] {dino} let them eat cake
[11:16] {nemo} I'll take Alice in Wonderland
[11:16] {dino} crox, supp 10
[11:17] {dino} swm
[11:17] {Threei}  "The time has come," the Walrus said,
[11:17] {Threei}  "To talk of many things:
[11:17] {Threei}  Of shoes--and ships--and sealing-wax--
[11:17] {Threei}  Of cabbages--and kings--
[11:17] {Threei}  And why the sea is boiling hot--
[11:17] {Threei}  And whether pigs have wings."
[11:17] {nemo} jabberwocky
[11:18] {dino} cree, veco
[11:20] {nemo} cre support at .10
[11:20] {dino} deck neg again
[11:20] {Threei}  now, as I think of all these "damn rich got it too good for too long", I can't help but quote the end:
[11:21] {Threei}  "I weep for you," the Walrus said:
[11:21] {Threei}  "I deeply sympathize."
[11:21] {Threei}  With sobs and tears he sorted out
[11:21] {Threei}  Those of the largest size,
[11:21] {Threei}  Holding his pocket-handkerchief
[11:21] {Threei}  Before his streaming eyes.
[11:21] {Threei}  "O Oysters," said the Carpenter,
[11:21] {Threei}  "You've had a pleasant run!
[11:21] {Threei}  Shall we be trotting home again?'
[11:21] {Threei}  But answer came there none--
[11:21] {Threei}  And this was scarcely odd, because
[11:21] {Threei}  They'd eaten every one.
[11:22] {Threei}  RIG Hearing strength being attributed to reports stating their liability will be less than the $6-7B originally expected (related HAL BP )
[11:25] {Threei} Short Setup: LVS  .65
[11:25] {Threei}  if stays under .70
[11:26] {Threei}  invalidated
[11:41] {Threei} Short Setup: RIG  .50 break half lot
[11:42] {Threei}  stop above .60
[11:43] {Threei}  not a scalp IMO
[11:43] {nemo} jumped my .48 sell order
[11:43] {nemo} ahh
[11:43] {Threei}  it gave second chance
[11:43] {Threei}  and third
[11:43] {nemo} yep
[11:43] {nemo} got it
[11:44] {nemo} it cachinged as I typed
[11:45] {Threei}  1:1
[11:46] {Threei}  half out .36
[11:46] {Threei}  stop to above b/e
[11:48] {dino} back in hour
[11:48] {Threei}  we
[11:49] {Threei}  ll be here
[11:49] {Threei}  oh well RIG
[11:49] {Threei}  half-cacginged if I may say so
[11:49] {Threei}  ROFL
[11:49] {Threei}  (US) White House Advisor Volker: Current situation is not what is "normally thought of as recovery"
[11:50] {Threei}  you don't say
[11:52] {Threei}  lily, forgive me next comment but I really have to get max mileage out of current situation
[11:53] {Threei}  so, I was told to stop calling my service "education" and use "training" instead
[11:53] {Threei}  reasoning is:
[11:54] {Threei}  given a choice, would you chose sex education or training?
[11:54] {Threei}  Volcker: - Peak levels of US production are several years off.
[11:54] {Threei}  - Believes something is seriously wrong and imbalanced in the world economy.
[11:55] {lilyd} just came back and saw that you have used my name in vain - will have to read back and see what it was about
[11:55] {Threei}  just this
[11:55] {Threei}  last couple lines
[11:56] {lilyd} pretty tame - OK by me
[11:57] {Threei}  ty
[11:57] {Threei}  RIG totaally decoupled the market
[12:02] {Threei}  this market slide occured on flat volume, no change of pace vs rise
[12:02] {Threei}  can't tell what's next, biunce or further breakdown
[12:05] {Threei}  NYSE volume 280M shares, about 30% below its three-month average; advancers lead decliners by 1.3:1.
[12:05] {Threei}  - NASDAQ volume 745M shares, about 13% below its three-month average; decliners lead advancers by 1.1:1
[12:06] {Threei} Short Setup: LVS  .50 break
[12:11] {Threei}  make up your mind, but not a scalp for me, intend to partial
[12:12] {strider} stop?
[12:13] {Threei}  above .60
[12:22] {Threei}  no go
[12:30] {Threei}  rinse
[12:46] {Threei}  RIMM seems bottomed out
[12:47] {Threei}  '.70 break
[12:47] {Threei}  stop under .60
[12:51] {ese} .
[12:52] {ese} nope....watching
[12:54] {Threei}  shakeouts everywhere
[12:59] {dino} .
[13:00] {Threei}  they are not talking to me dino
[13:04] {dino} completely understand
[13:04] {Threei}  them?
[13:05] {Threei}  I do too...
[13:05] {strider} I didn't see any selling with that touch below .60
[13:18] {dino} magoo dcc
[13:20] {ese} outta here for the weekend...cya
[13:21] {Threei}  take care ese, have a good one
[13:22] {dino} cya es
[13:31] {lilyd} threei, what do you think of CAT?
[13:32] {Threei}  mirrors market... which does nothing readable...
[13:32] {Threei}  maybe a bit weaker
[13:36] {strider} LVS
[13:38] {lilyd} thanks, it looked top heavy, but has gone up since then.  I am learning to wait and watch and it actually makes things a lot more fun.
[13:40] {RonS} dino, great name for the o...obabble...
[13:40] {Threei}  true lily but still... I am a fan of instant gratification
[13:46] {dino} ?
[13:46] {dino} sidetracked day
[13:49] {RonS} can't remember what it is but the Chinese are coming with some important number over the weekend...may be inflation...
[13:50] {RonS} rig may be cracking...see an edge 3i?
[13:51] {Threei}  csn be double bottom jut as well
[13:52] {RonS} qcor
[13:52] {dino} whr gap filled
[13:52] {dino} veco, cree coming alive
[13:53] {dino} whr aug low around 73
[13:57] {RonS} cree, purchase of 10k jan 2012 80 strike...3 mil bet.
[13:58] {dino} good bet imo
[14:03] {Threei}  dunno guys
[14:03] {Threei}  whole world keeps screaming CREE is the most undervalued stock in the market
[14:03] {Threei}  CREE keeps going down
[14:05] {Threei}  (US) Fed's Bullard: USD will remain a key reserve currency; large countries have been unable to reflate prices through exchange rate mechanisms
[14:05] {Threei}  - Calls attempts to influence equity markets a 'losing game' in monetary policy
[14:06] {Threei}  (FR) France lower house of parliament approves increase in retirement age to 62 from 60; in effect by 2018
[14:06] {Threei}  - Measure will increase the retirement age by 4 months every year
[14:06] {Threei}  - Note: A general strike from unions is scheduled for Sept 23
[14:10] {Threei}  RIG's losing it
[14:10] {Threei}  it makes sudden spikes now and then, let's watch it for possible quick trip into 59 to short
[14:11] {dino} wow whr 5 day 79+ to 73
[14:14] {Threei}  no bounce
[14:32] {Threei} Short Setup: RIG  .95
[14:33] {Threei}  half lot
[14:33] {Threei}  if stays under .05
[14:35] {Threei}  modify: .15 short
[14:35] {Threei}  invalidated too
[14:44] {dino} whr sm l .50
[14:44] {Threei} Short Setup: RIG  .30 break
[14:44] {Threei}  let's try for double top
[14:44] {Threei}  stop above .40
[14:44] {Threei}  half lot, remember
[14:45] {Threei}  SEC Approves Rules Expanding Stock-by-Stock Circuit Breakers and Clarifying Process for Breaking Erroneous Trades
[14:45] {Threei}  - Approved new rules submitted by the national securities exchanges and FINRA to expand a recently-adopted circuit breaker program to include all stocks in the Russell 1000 Index and certain exchange-traded funds. The SEC also approved new exchange and FINRA rules that clarify the process for breaking erroneous trades.
[14:46] {Threei}  Trading in a security included in the program is paused for a five-minute period if the security experiences a 10 percent price change over the preceding five minutes. The pause gives the markets an opportunity to attract new trading interest in an affected stock, establish a reasonable market price, and resume trading in a fair and orderly fashion. The circuit breaker program is in effect on a pilot basis through Dec. 10, 2010
[14:46] {Threei}  idiots
[14:49] {dino} indeed
[14:49] {Threei}  RIG just won't play
[14:52] {dino} mr
[15:10] {dino} whrvstopped
[15:16] {Les} how was the day? Another range bound market I see
[15:17] {Les} Neeeeeeeemooooooooooooo - where are you?
[15:17] {Threei}  left till Monday
[15:17] {Les} ok
[15:17] {Les} c u's then. hopefully Dave has me back for then
[15:17] {Threei}  hjave a good weekend
[15:18] {Les} u too
[15:18] {dino} cya
[15:25] {RonS} have a good weekend all  ;)
[15:27] {dino} u2 ron
[15:27] {dino} whr rinsed, i had a lo of rinses this week
[15:28] {Threei}  take care ron
[15:31] {Threei}  - NYSE volume 540M shares, about 30% below its three-month average
[15:31] {Threei}  - NASDAQ volume 1.37B shares, about 15% below its three-month average
[15:31] {Threei}  lol
[15:32] {Threei}  I think I am respnsible for about half of that
[15:42] {Threei}  RIG finally dropped - when I got tired of looking for the top
[15:44] {lilyd} yeah, you know some of those people are going to want to get rid of it before the weekend
[15:46] {Threei}  but... look at it from shorts perspective... they don't want to carry position over weekend either :)
[15:51] {Threei}  market finishes close to highs
[15:52] {Threei}  Ok guys, let's have a relaxinfg weekend
[15:52] {Threei}  we deserved it
[15:53] {Threei}  see you all on Monday
[15:54] {dino} thx all
[15:54] {lilyd} OK - thanks!  I feel like I may be starting to climb out of the bottom - hope it doesn't turn into a double bottom!
[15:55] {gregns} goog luck!
[15:55] {Threei}  cool beans
[15:55] {Threei}  ask dem da kvestions
[15:55] {Threei}  just not today... I am beat :)
[15:56] {lilyd} I've spent my time figuring out how to physically push the buttons at the right time and some other very basic things - may be ready for questions soon
[15:56] {dino} gl lil
[15:57] {gregns} nice weekend all !
[15:57] {lilyd} thanks!