Tuesday, October 5, 2010

Oct 05 2010

Solid day with nice trades - no interesting chart though, cookie-cutter stuff.

Session Time: Tue Oct 05 00:00:00 2010
[08:36] {Threei}  AXP Morgan Stanley making positive comments; Names AXP a Positive Research Tactical Idea
[08:40] {magoo} sedarmoc kninrom
[08:40] {nemo} olleh
[08:40] {Threei}  oogam :)
[08:41] {magoo} awesome
[08:41] {magoo} this room is really bonding now
[08:42] {ese} morning
[08:42] {Threei}  ese :)
[08:42] {ese} morning
[08:42] {Threei}  ese :)
[08:43] {ese} vad....howd you all do yesterday....
[08:43] {magoo} ese:)
[08:43] {Threei}  beautifulk
[08:43] {ese} mags
[08:43] {Threei}  you don't look at outr trding logs?
[08:43] {ese} not yesterday......to busy a day and then had Italian classes last night
[08:43] {Threei}  http://tradinglog.realitytrader.com/2010/10/oct-04-2010.html
[08:44] {ese} my wife and i are taking italian lesson
[08:44] {ese} "s"
[08:44] {Threei}  just for sheer joy of it, or moving to Italy??
[08:44] {ese} for the sheer joy and to do another holiday there
[08:45] {Threei}  :)
[08:45] {ese} am gonna make a point of going to see les in switzerland this time
[08:45] {Threei}  that was very inviting
[08:45] {Les} :)
[08:45] {Threei}  lol
[08:46] {ese} lol
[08:46] {Threei}  (US) Banking analyst Meredith Whitney: Banks could have one more quarter of decent credit quality from the mortgage prospective, banks could have a good quarter from one-time gains - CNBC
[08:46] {Threei}  - Notes that her ratings on companies and sectors are "for the long term."
[08:46] {magoo} les throing a party, am i invited?
[08:47] {Les} I'm the last one in this room to throw a party...
[08:47] {Les} liking the quiet life
[08:48] {ese} i better not show up then
[08:49] {dino} gm all
[08:49] {ese} was thinking about bringing my drum kit and setting it up in his living room
[08:49] {ese} les on the alp horn and me on drums
[08:49] {ese} heck of a band there
[08:49] {Threei}  dino :)
[08:50] {ese} dino
[08:50] {dino} :D
[08:50] {Les} here I am in 2006 ese:http://www.youtube.com/watch?v=umKWSNNg2Dk
[08:52] {ese} are you serious?  is that you....if it is it's awsome
[08:53] {Les} lol sorry to disappoint you
[08:56] {davd} mornin!;)
[08:56] {ese} well here I am   http://www.youtube.com/watch?v=Qmf_C-gzYQc  and vad is in the audience taking pictures somewhere
[08:56] {Threei}  davd :)
[08:57] {Threei}  I remember that, ese :)
[08:57] {Les} ah yes enjoyed the lead singer immensely ese
[08:57] {ese} and vad is in the audience taking pictures somewhere
[08:57] {davd} cool!!
[08:58] {ese} i've changed my sun glasses since.......have Ray Ban Wayferrers now
[08:58] {Threei}  got quite a few keepers at that photoshoot
[08:58] {ese} yes
[08:58] {ese} have just sent some of them to someone and they are being used in my promo folder
[08:59] {magoo} news LFC vad?
[08:59] {Threei}  that'll be my high point as a photographer
[09:00] {Threei}  LFC Block of 1.01M shares trades at $59.42 (59.08, -1.12, -1.86%) (related BLOCKX )
[09:00] {Threei}  never mind that mags
[09:00] {Threei}  that's old
[09:00] {Threei}  don't see anything fresh
[09:00] {Les} you wanna come over for a Montreux Jazz festival ese?
[09:02] {ese} boy that would be fun again.....was there in 1978 and 1981 with the University of Regina Jazz Band
[09:03] {Les} music's still good. too much crap being marketed with the festival, but the music remains good
[09:03] {ese} the shows are not done in the casino like they used to be........there in the new Miles Daves center now.......
[09:03] {_panc} good morning all
[09:03] {ese} p
[09:04] {ese} welcome
[09:04] {_panc} thank you
[09:04] {Les} casino too, plus the Montreux palace in front of the lake. its a big festival
[09:04] {Les} hi panic
[09:04] {_panc} panc not panic :-)
[09:04] {Threei}  panc :)
[09:04] {Les} :)
[09:04] {Les} sorry mate
[09:04] {_panc} I think I'll change my nick soon :-)
[09:05] {_panc} vad, how do you see MGM today? It could do what it did not do yesterday...
[09:05] {ese} I'm going to send them one of our promo folders from the Vic High band and see if the kides can get an invitation
[09:06] {davd} good idea panic.  :P
[09:06] {Threei}  very possible
[09:07] {Threei}  it's all in broader market hands
[09:07] {Threei}  these names (LVS, MGM) are very market-dependent
[09:07] {_panc} thanks
[09:08] {davd} Fast Money very bullish on LVS (of course, Cramer bought AXP... and we know what happend there)
[09:08] {Threei}  lol
[09:08] {Threei}  who cares davd... chart is your guidance
[09:08] {davd} ii
[09:08] {Threei}  as for the rest, let me quote:
[09:09] {Threei}  'Yeah, well, you know, that's just, like, your opinion, man.' The Dude
[09:10] {Les} oh you and your dude Vad...
[09:10] {ese} lol
[09:10] {Les} give me the strung up  character - the vietnam vet
[09:10] {Threei}  it's not "my dude"... it's THe Dude
[09:10] {ese} vad a dude
[09:10] {Threei}  MSFT CEO: Plans to launch a tablet computer running Windows by the Christmas holiday - Financial Post (23.91, 0.00, 0.00%)
[09:10] {Threei}  wow
[09:10] {Threei}  tablet competition heats up
[09:10] {Threei}  looking forward to picxk up one in a year at $100 :)
[09:11] {ese} ok.......i know and have met the man personally ..........but dude?  hard for me to picture
[09:11] {Threei}  - Ballmer did not say whether the palm-sized slates would actually be on sale in time for Christmas, nor did he say who would make them.
[09:11] {davd} actually, an iphone and a magnifying glass is $19.99
[09:11] {magoo} dude looks like a lady
[09:11] {Threei}  palm-sized slates?
[09:11] {Threei}  lol davd
[09:11] {ese} lol
[09:12] {davd} i'll be here all week
[09:12] {magoo} great he he
[09:12] {Threei}  - At the 2010 Consumer Electronics show in January, Ballmer unveiled a Hewlett-Packard tablet computer running Windows. Little has been heard about the device since HP agreed to buy smartphone maker Palm in April
[09:12] {Threei}  (US) US Investor Warren Buffett: Believes US govt is following policies that could lead to inflation - Fortune business conference (related SPY XLF EUR/USD INFLX )
[09:13] {Threei}  no really Warren?
[09:13] {Threei}  it just can't be.. can it?
[09:13] {Threei}  they'd never do that
[09:13] {Les} lol call me slow, but funny davd
[09:15] {Threei}  (EU) France Interior min: France and the euro region face real terrorist threat
[09:16] {Les} yeh yeh
[09:16] {Les} terrorists name is Sarkozy
[09:16] {Threei}  lol
[09:17] {RonS} hi y'al...euro above 1.38
[09:17] {RonS} all
[09:17] {davd} wow re euro, give back yesterday and more
[09:18] {Threei}  Ron :)
[09:20] {ese} ron
[09:20] {larisa} gm :)
[09:21] {ese} laris
[09:21] {Threei}  larisa :)
[09:21] {larisa} ese, vad :)
[09:21] {ese} wha cha been up too.......you've been away for a bit
[09:22] {ese} you were probably back yesterday and i missed yesterday
[09:22] {larisa} was on vacation :)
[09:22] {magoo} lar:)
[09:22] {ese} nice
[09:23] {ese} at les's place in switzerland?
[09:23] {larisa} magoo :)
[09:23] {larisa} no, i have me own places:)
[09:23] {Les} what is it with my place and holidays?
[09:23] {Les} Canada not good enough for you guys?
[09:23] {ese} he won't let me come and set up my drumes in his living room
[09:24] {Les} would like to be coming over your way right. reckon it must be as pretty as swiss alps right now
[09:24] {davd} Canada's good enough for me.  do you have a manorah?
[09:25] {Les} ?
[09:25] {jfjf64} mornin
[09:25] {Threei}  jf :)
[09:25] {ese} dino....it's gonna be another one of those big up days to start.....won't be able to get in on anything
[09:25] {ese} jf
[09:26] {jfjf64} ese
[09:26] {dino} hmmm
[09:29] {dino} lately es, open gap ups are getting filled
[09:30] {ese} have noticed that.....
[09:30] {ese} am expecting the same today
[09:31] {ese} L fitb .04
[09:32] {ese} fast
[09:32] {Les} SPY resistance is here
[09:32] {Threei} Short Setup: LVS  .95 break
[09:32] {ese} out 1/2 .12
[09:32] {ese} +.08
[09:33] {ese} balance break even
[09:33] {Threei}  half lot, if gives second chacne
[09:34] {Threei}  1:1... no second chance
[09:35] {Threei}  if bounces into original trigger don't enter
[09:35] {Threei}  let's wait
[09:36] {Threei} Short Setup: VMED  .70 break half lot
[09:36] {Threei}  invalidated
[09:38] {Threei} Short Setup: FMCN  .95 break
[09:38] {magoo} AXP dive
[09:38] {Threei}  if stays under 25
[09:38] {magoo} in
[09:39] {magoo} AXP clubbed
[09:40] {Threei}  LVS was worth a second entry
[09:40] {Threei}  FMCN 1:2
[09:40] {magoo} took it
[09:40] {Threei}  feel free to rtake scalp
[09:40] {magoo} out .67 waited there
[09:40] {ese} out fitb balance .14 +.10
[09:40] {magoo} cramers call AXP sheesh
[09:40] {Threei}  lol
[09:41] {magoo} 2-3 dollars in whole in 1 day
[09:41] {ese} that is funny....nice tank
[09:42] {ese} anyone watching cat
[09:42] {Threei}  it's on a radar ese
[09:42] {Threei}  just want it to work out first morning volatility
[09:42] {Threei}  can be murderous
[09:42] {ese} ya
[09:43] {Threei}  LVS
[09:43] {dino} too fast meli stop to .01
[09:43] {Threei}  if goes above .90 and stays under 37, becomes a shirt candidate on .90 recross again
[09:43] {dino} out +.51
[09:43] {Threei}  wtg dino
[09:43] {magoo} out .77 fmcn
[09:43] {magoo} ty
[09:43] {Threei}  welcome mags
[09:44] {Threei} Short Setup: CAT  .40 brteak haklf lot
[09:44] {ese} nice one mags
[09:45] {Threei}  invalidated, but watching for another trigger
[09:45] {Threei}  LVS dropped right from .90... hasn't met entry criteria exactly
[09:45] {Threei}  double bottom play now maybe
[09:45] {Threei}  jumped... leave it alone
[09:46] {magoo} bidu nuts
[09:46] {magoo} short scalp somewhere
[09:47] {magoo} freakin bidu
[09:47] {Threei}  CAT setup is reestablished
[09:47] {magoo} tried it yesterday, no go
[09:47] {Threei}  .40 break shirt half lot
[09:47] {Threei}  short too
[09:49] {Threei}  not a scalp to me
[09:50] {Threei}  should guve more if market helps any
[09:51] {Threei}  cover half here
[09:52] {Threei}  stop to .46 for the balance
[09:52] {ese} L coh 1/2  .49
[09:54] {Threei}  die CAT
[09:55] {Threei} Long Setup:  RIMM  .55 break if stays above .40
[09:55] {Threei}  half lot
[09:56] {RonS} service ism in 5
[09:58] {Threei}  CAT should dive under .20 now
[09:58] {Threei}  feel free to cover
[09:58] {Threei}  1:2
[09:58] {ese} out coh .37 -.13
[09:59] {Threei}  feel free to take RIMM scalp ahead of numbers
[09:59] {Threei}  or halve it
[09:59] {Threei}  just to diminish risk
[10:00] {Threei}  if haven't exited CAT, stop to b/e
[10:00] {Threei}  RIMM 1:1
[10:01] {Threei}  lol, maniac-depressive market
[10:02] {magoo} out rimm .81 ty
[10:03] {Threei}  :)
[10:04] {Threei}  remember last week I said, any setback in the market is a bear trap to me?
[10:04] {Threei}  luring shorts in, to kill them with another rally
[10:04] {Threei}  this is what we are witnessing
[10:10] {Threei}  said on Sept 30:
[10:10] {Threei}  [15:35] {Threei} It's so exceedingly obvious that we must drop from here
[10:10] {Threei}  [15:36] {Threei} that I strongly suspect it won't happen
[10:10] {Threei}  [15:36] {Threei} I mean it will but not before we make one more murderous run-up
[10:10] {Threei}  [15:37] {Threei} my working assumption:
[10:10] {Threei}  [15:37] {Threei} any retreat we have during this or next week is a trap,
[10:10] {Threei}  [15:37] {Threei} shorts get lured in for slaughter
[10:10] {Threei}  [15:37] {Threei} then sharp rally will eliminate them, and only then we will drop
[10:11] {dino} edu
[10:11] {magoo} bidu took 100
[10:11] {Les} so you think "they" are reading this blog archive?
[10:12] {magoo} maybe "they" are really "us"...u ever think of that
[10:12] {Threei}  "they" haven't ever heard of my existence {G}
[10:12] {Threei}  which btw is why I am able to nail these things with high accuracy
[10:13] {ese} am back
[10:13] {ese} L cat .64
[10:14] {ese} 3/4
[10:14] {Threei} Short Setup: RIMM  .80 break
[10:14] {Threei}  half lot
[10:14] {magoo} vad, look AXP
[10:15] {Threei}  gosh...
[10:15] {magoo} relenrtless
[10:15] {Threei}  I feel for those who got cramerized on it
[10:15] {davd} cramer bought about 5 pts ago!  or said so axp
[10:15] {magoo} hes tellin double down now (probably)
[10:16] {dino} 37.17 support
[10:17] {Threei}  on the other hand... with his track record, anyone who still follows him probably deserves to be slaughtered like this
[10:17] {davd} heh, 3i.  that hurts
[10:17] {Threei}  sorry
[10:17] {Threei}  but hey, out of two entities who can hurt you,
[10:18] {Threei}  me and market,
[10:18] {Threei}  who would you chose?
[10:18] {davd} :( i don't actually follow, did go on amer express....
[10:18] {Threei}  I do it with words... market does it with hit in the wallet
[10:18] {davd} you!!
[10:18] {Threei}  and I care,
[10:18] {Threei}  which is why I say hurtful things,
[10:19] {dino} sure you do
[10:19] {Threei}  market doesn't - it takes any penny you can offer it and comes back for more
[10:19] {ese} out cat even .64 .00
[10:20] {davd} true.  and your margin too.
[10:21] {Threei}  RIMM 1:1
[10:21] {Threei}  stop to .85 for the balance
[10:21] {Threei}  to .81
[10:22] {davd} gone for a bit.  watch the dollar
[10:23] {Threei}  whose?
[10:23] {Threei}  I prefer to watch magoo's dollar
[10:23] {jfjf64} brcm  3i
[10:23] {jfjf64} short
[10:23] {Threei}  36 break?
[10:23] {jfjf64} ya like
[10:24] {jfjf64} y
[10:24] {Threei}  if stays under .10
[10:24] {jfjf64} y
[10:24] {Threei}  yup
[10:24] {jfjf64} n
[10:24] {Threei}  not anymore
[10:24] {jfjf64} lol
[10:24] {nemo} vwap is .97 and rising and it's been staying above that all day
[10:26] {jfjf64} nemo
[10:26] {jfjf64} whats up
[10:26] {nemo} ssdd
[10:26] {RonS} nemo, ya trading again?
[10:26] {nemo} nope
[10:27] {RonS} nuts...
[10:27] {nemo} do you mean I'm nuts or that sucks
[10:27] {RonS} bad for all of us...
[10:27] {nemo} both?
[10:28] {RonS} your input is always good but better when you are trading...imo...
[10:29] {dino} skin in the game factor
[10:30] {nemo} well, you get more input when I'm in the game
[10:30] {dino} yes
[10:30] {nemo} plus my non-pc, personally insensitive sense of humor
[10:31] {jfjf64} look  brcm
[10:32] {RonS} sheesh forgot about mos...
[10:32] {nemo} right at resistance
[10:34] {Threei} Short Setup: LVS  .73
[10:34] {Threei}  if stays under .80
[10:35] {RonS} just saw a headline that said the market is higher due to the BOJ cutting rates. what? are they paying people now to take money?
[10:35] {nemo} ron, mos breaks through could run some more
[10:37] {Threei}  no go LVS
[10:37] {dino} zero rate japan plus stimulus
[10:39] {RonS} axp establishing a floor...or another short break point...
[10:40] {nemo} floor back to test of .85 probably
[10:41] {nemo} vwap currently .99
[10:43] {Threei}  Market Internals update at 10:30ET
[10:43] {Threei}  - NYSE volume 256M shares, about 18% above its three-month average; advancers lead decliners by 4.5:1.
[10:43] {Threei}  - NASDAQ volume 532M shares, about 16% above its three-month average; advancers lead decliners by 4.3:1.
[10:43] {Threei}  - VIX index -5.3% at 22.29
[10:43] {ese} can certainly see nemos point...trading atmosphere for the last 5 months has been tough
[10:44] {nemo} clf might be dtop
[10:45] {magoo} WYNN xploding up here
[10:47] {Threei} Long Setup:  AXP  .70 brak
[10:47] {Threei}  half lot
[10:47] {nemo} I can't see volume but clf likely a two way here
[10:48] {Threei}  two ways to play it
[10:48] {Threei}  either keep stop under .60
[10:48] {Threei}  or put it under .50 and let it work
[10:48] {Threei}  for 50 -80 cents run
[10:48] {Threei}  personal choice really
[10:49] {nemo} RIMM basing
[10:49] {Threei}  (EU) ECB remains divided on when to remove stimulus measures; some members in favor of tightening collateral regulations - unconfirmed report
[10:49] {magoo} ill try option 2 please
[10:49] {Threei}  scalpers have 1:1
[10:50] {Threei}  - ECB considering moving back to a variable rate with 1 and 3 month operations
[10:50] {Threei}  - ECB remains cautious on economy and peripherals
[10:52] {Threei}  day traders got 1:1 sans 1 cent
[11:00] {dino} qqqq s .50 stop .57
[11:05] {Les} possible db TBT
[11:05] {Les} TLT sorry
[11:08] {khaln} ..
[11:10] {Threei}  AXP heating up
[11:19] {RonS} ...if the .spx goes north of 1157 early, this could turn murderous for the shorts...
[11:21] {dino} bg
[11:22] {Threei}  BG Ticks lower on more chatter of issues with tax authorities in Argentina (56.70, -0.93, -1.61%)
[11:28] {kowboy} ty vad scalped bg +.66
[11:29] {kowboy} ty dino
[11:29] {strider} MGM
[11:29] {Threei}  :)
[11:29] {dino} np
[11:29] {RonS} ty dino scalped bg .46
[11:29] {dino} qqqq to flat bstop
[11:29] {Threei}  MGM looks like going for that 12 eh
[11:30] {dino} jazz
[11:30] {Threei}  (US) Harvard Economist Feldstein: Would be a mistake for the US to raise any taxes at the moment - interview
[11:30] {Threei}  - highlights sees a risk that housing prics could decline further
[11:30] {Threei}  - Expecting China to allow Yuan appreciation over the coming few years
[11:30] {Threei}  no news JAZZ yet
[11:32] {dino} cov qqqq
[11:35] {Threei}  JAZZ Weakness attributed to chatter that a generic drug firm has filed a paragraph IV filing for a version of Jazz's Xyrem (9.82, -0.69, -6.57%)
[11:37] {Les} TLT selloff
[11:39] {dino} jazz l .90
[11:41] {Les} smell that bear meat
[11:41] {Threei}  totally
[11:59] {dino} jazz to .02
[12:00] {dino} to .06
[12:00] {dino} out +.14 ave
[12:01] {dino} brb
[12:01] {RonS} ...been ignoring this pomo talk...turns out it means Permanent Open Market Operations of the NY Fed
[12:02] {RonS} anyway, here is the schedule of when they are operating:  http://tinyurl.com/2wpacf6
[12:03] {RonS} after tomorrow the Fed will not be back in the market until 10/13 or 14...bears next hope i guess...
[12:04] {kowboy} lps
[12:09] {Threei}  timely exit dino
[12:09] {magoo} i have to take son to docs, get castr off today, so im out, ty...see u tomorrow
[12:11] {Threei}  take care mags
[12:22] {dino} ty 3i simple trail
[12:22] {Threei}  Hedge Fund Manager George Soros: Euro is here to stay but yet too early to declare victory; Europe pushing a 'deflation spiral' through implementation of fiscal discipline (related EUR/USD USD/JPY EUR/GBP EUR/JPY )
[12:23] {Threei}  I start countdown
[12:23] {Threei}  9 more reassurances abouyt Euro here to stay, and death spiral starts
[12:23] {dino} as soon as ireland or greece figure out that if they had their old currency they could inflate away.....
[12:24] {Threei}  I am sure they did already
[12:24] {dino} that is why i think euro is doomed
[12:24] {Threei}  they just need to find the poractical way to do it
[12:25] {Threei}  I have no doubt Euro is not a viable currency
[12:25] {Threei}  they can keep it on life support for a while, and they sure will try hard
[12:25] {Threei}  but sooner or later nature will get its way
[12:27] {Threei}  Ron
[12:28] {Threei}  take heart and look at your TV screen
[12:32] {RonS} fox news poll showing angle up 3 v reid?
[12:32] {Threei}  (US) Fed's Evans requesting "much more" easing on the part of the Fed; he might support pushing inflation above 2% for some period of time - WSJ
[12:32] {Threei}  - Forecasting inflation at 1% in 2012, and under 1.5% in 2013
[12:32] {Threei}  - Reminder: On Friday Evans commented that unconvential tools are the best option; concerned could be in a liquidity trap; US companies have a cautious outlook, risk aversion could stifle a meaningful recovery, it is currently desirable to ease monetary policy further which could increase aggregate demand
[12:32] {Threei}  I actually meant our favorite TV anchor
[12:32] {Threei}  but I like your news
[12:36] {dino} clgx drop
[12:41] {ese} l holx .20
[12:43] {Les} tlt and spy rising together
[12:48] {Threei}  (US) PIMCO's Rodosky: Best days in treasuries are most likely behind US; have stopped purchasing treasuries since July
[12:49] {RonS} ,,,prefaced comments w/:  "so let's talk my book"
[12:51] {Threei}  hehe
[12:55] {dino} asps drop
[12:59] {dino} buffet said pretty much same today too, crazy to be adding bonds
[12:59] {nemo} spy looks reay to break
[13:00] {Les} does it qualify as c&h?
[13:00] {Threei}  more or less
[13:02] {jfjf64} bounce  tza  3i
[13:02] {Threei}  51/49
[13:03] {dino} asps sm l .50
[13:05] {RonS} bear quote of the day"  "seeing  this 2% liftoff is like watching your girlfriend dance with some tool from the luxury of a full body cast".
[13:05] {Threei}  "while the back is itching like crazy"
[13:18] {dino} clgx l .05
[13:29] {ese} gotta go all....will be in or out of holx by the end of the day
[13:29] {dino} cya
[13:29] {RonS} cya ese
[13:29] {Threei}  take care ese
[13:38] {jfjf64} weierd day
[13:44] {Threei}  good old "jump and stall"
[13:44] {Threei}  this is far from over for bears, I am afraid
[13:44] {jfjf64} say the least
[13:45] {jfjf64} think
[13:45] {jfjf64} axp
[13:45] {Threei}  it's the sasme pattern that was skewering them for a year
[13:46] {Threei}  AXP, dunno who had patience for that, but it hit tragets outlined at the time of the call
[14:05] {dino} clgx stuck stop to b/e
[14:09] {kowboy} pru ss 54?
[14:09] {Threei}  I would prefer one more bounce,
[14:09] {Threei}  to establish better resistance
[14:10] {Threei}  then breakdown
[14:10] {kowboy} ty
[14:11] {Threei}  as it is, stop would have been .15
[14:15] {dino} clgx stopped flat
[14:15] {Threei}  nice drop
[14:15] {Threei}  good spot kowboy
[14:15] {kowboy} ty but not in
[14:16] {Les} yeh the short worked well. I remember getting screwed many a time in summer snap backs on such trades
[14:16] {Threei}  doesn't really matter at this point
[14:16] {Threei}  learning to spot them first
[14:16] {Threei}  execution comes later, with more confidence
[14:17] {Threei}  educational process has its sequence
[14:20] {Threei}  JAZZ Responds to reports over Paragraph IV ANDA Filing for Xyrem
[14:20] {Threei}  - Website of the US FDA indicates that an Abbreviated New Drug Application (ANDA) for a generic version of Xyrem(sodium oxybate oral solution) 500 mg/ml was submitted on July 8, 2010. Jazz Pharmaceuticals has not received a Paragraph IV certification with respect to this filing.
[14:27] {dino} dm l .75
[14:30] {dino} stopped
[14:31] {Les} Vad looking at GDX .50 b/d, but wondering about aggressive entry?
[14:31] {Les} s .60/.55?
[14:31] {Les} if market plays ball
[14:32] {Threei}  .60 break, could be
[14:32] {Threei}  market doesn't look like rolling over though
[14:32] {Les} y
[14:32] {davd} in dm .67
[14:33] {Threei}  BA Jim Cramer making positive comments on CNBC; a 'big 2011 story' (68.83, +2.50, 3.77%) (related EAD.FR )
[14:33] {Threei}  hmmm
06[14:33] * Threei puts BA on watch for short
[14:34] {dino} lol
[14:34] {Threei} Short Setup: BA  .75 break if stays under .85
[14:34] {Threei}  half lot
[14:34] {RonS} lol
[14:34] {Threei}  invalidated but not off radar
[14:36] {Threei} Short Setup: BA  .80 break if stays under .90
[14:36] {Threei}  half lot still
[14:40] {Threei}  1:1
[14:41] {Les} bouncing off 20 ma. let's see if it can nosedive
[14:41] {Threei}  in any case, thanks to guru for trading idea
[14:42] {Les} lol I didn't see the source
[14:43] {davd} stop on dm dino?
[14:45] {dino} already stopped see above
[14:46] {davd} woops
[14:51] {Les} still watching gdx.
[14:52] {Les} here it comes. too fast into trigger.
[14:53] {Les} .50 b/d following bounce?
[14:54] {Threei}  can't tell really
[14:54] {Threei} Short Setup: BA  .80 break if stays under .90
[14:55] {Threei}  same setup, and if triggers this tiome will be "not a scalp" category
[14:58] {Threei}  SEC's Schapiro: regulator looking closely at high frequency trading; waiting upon a report from an advisory panel - TV interview (related XLF )
[14:58] {Threei}  yup
[14:58] {Threei}  that's where to root of evil is
[14:58] {Threei}  f **inkg imbeciles
[15:01] {Les} don't fight the mob vad
[15:01] {Threei}  I don't
[15:01] {Threei}  I just call thej what they are
[15:01] {Les} fair enough
[15:05] {Threei}  http://blog.realitytrader.com/2010/07/culprits-and-scapegoats.html
[15:06] {khaln} ,
[15:08] {Threei}  let's see if we get cramerized lemmings jumping the ship
[15:08] {Threei}  rhe plane?
[15:10] {Les} lol I'd love to see a plug in for freestockcharts showing the lemmings jumping ship according to the trades
[15:10] {Threei}  lol
[15:11] {Les} physically falling off the chart hahahah
[15:11] {Threei}  a lot of mixed metaphors in that line
[15:11] {Threei}  but whatever
[15:12] {Threei}  market strengthens...
[15:13] {Threei}  GDX was nice short idea Les
[15:14] {Threei}  not spectacular but solid and never even went over b/e, nolt even speaking of jeopradizing stop
[15:16] {Les} yeh GLD's a cow but the miners are often more readable.
[15:16] {Threei}  no go BA
[15:26] {Les} yeh as you write in your article
[15:27] {Les} key to media and journalism today is
[15:27] {Les} provide impression of problem resolution
[15:27] {Les} key to politics as well i guess
[15:27] {Threei}  yeah
[15:28] {Les} people so easily impressed with Oprah style resolution "that's all we have time for folks, until next week and the new latest fad"
[15:29] {Les} GDX .50 being defended
[15:30] {Les} damn Finviz green so bright, hurting my eyes:
[15:30] {Les} http://www.finviz.com/futures.ashx
[15:30] {Les} not used to all that green...
[15:36] {dino} ok, calling it a week, back on the 12th.
[15:37] {Les} ciao dino enjoy
[15:37] {Threei}  have fun dino
[15:37] {dino} thx, will do
[15:37] {RonS} ...take care dino...ddr is crying.  :s
[15:37] {dino} lol
[15:38] {davd} by dino, i'll miss you :(
[15:40] {davd} BA dropping again
[15:41] {davd} DM on the move dino
[15:43] {Threei}  rinse BA... oh well
[15:44] {Les} ah there goes GDX
[15:44] {davd} you contra-doubted cramer 3i
[15:46] {Threei}  ummm
[15:46] {Threei}  I need my decoder ring :)
[15:54] {Threei}  lemmings are crowding the exit
[15:55] {Les} lets watch em fall off
[15:56] {Threei}  Market Internals update at 15:30ET
[15:56] {Threei}  - NYSE volume 830M shares, about 13% above its three-month average; advancers lead decliners by 4.5:1.
[15:56] {Threei}  - NASDAQ volume 1.75B shares, about 10% above its three-month average; advancers lead decliners by 4.3:1.
[15:56] {Threei}  - VIX index 7% at over 21.00
[15:58] {Les} c u's tomorrow
[15:58] {RonS} c use manana
[15:58] {Threei}  thank you all
[15:58] {jfjf64} ciao
[15:58] {kowboy} ty
[15:58] {Threei}  have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {nemo} hey read this:  http://www.boston.com/business/ticker/2010/10/no-interest_loa.html?p1=News_links
[15:59] {nemo} They're giving loans to unemployed homeowners
[16:00] {Threei}  nice
[16:00] {Threei}  I am unemployed
[16:00] {Threei}  cam I have one of those?
[16:00] {nemo} oy vay  we're screwed