Thursday, October 14, 2010

Oct 14 2010

I want to call today's Catch of the Day "Extreme trend continuation." You often heard and probably thought "it's so low, it can't go any lower."  Well, no such thing as too low or too high - stocks can and do get oversold, then oversolder, then oversoldest... then they sell a bit more and only then they bounce. Ditto on overbought - overboughter-overboughtest side. Now that we are done butchering English, let's look at the first chart. Short was called at 11:23 am and triggered a few minutes later: 

Nice consolidation just above the low of the range. Break of such range is qualified as trend continuation signal, and having 15 cents stop I felt it was a relatively low risk play. Sure enough, APOL proceeded to give us 1:3 risk/reward. Now, look at the second chart to see just how much a stock was already down at the time of the call, on both intraday chart with pre-market included and on daily showing the huge overnigt gap down! 

And yet, there was even more short opportunity in it. Main lesson is not even in playing this kind of setups - rather it's about warning not to assume that "too low" or "too high" means imminent reversal.

Session Time: Thu Oct 14 00:00:00 2010
[08:31] {magoo} kEKKHFKHCkhkhgDG
[08:31] {magoo} df
[08:31] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 462K V 445KE; CONTINUING CLAIMS: 4.4M V 4.45ME
[08:31] {Threei}  *(US) SEPT PRODUCER PRICE INDEX M/M: 0.4% V 0.1%E; EX FOOD & ENERGY M/M: 0.1% V 0.1%E
[08:32] {Threei}  Prior Initial Jobless Claims revised higher from 445K to 449K
[08:32] {Threei}  - Prior Continuing Claims revised higher from 4.462M prior to 4.51M
[08:32] {magoo} not good
[08:32] {Threei}  *(US) AUG TRADE BALANCE: -$46.3B V -$44.0BE
[08:33] {nemo} well, as long as we stop eating, driving and heating our homes, we'll be fine
[08:33] {Threei}  and need no work
[08:34] {RonS} and pay no taxes...euro flirting w/ 1.41
[08:36] {Les} {----- hits Nemo with a crappy Vista operating system
06[08:37] * nemo slaps Les around a bit with a large large copy of CPM code on a stone tablet
[08:38] {Les} compton airport departures and arrivals?
[08:39] {magoo} u see APOL crushing afterhours last nite, sik
[08:43] {Threei}  APOL Reports Q4 $1.31 v $1.26e, R$1.26B v $1.3Be
[08:43] {Threei}  - Company is withdrawing its prior preliminary business outlook for fiscal 2011. (2011 Rev in high single digits; op income flat y/y)
[08:43] {Threei}  Outlook: The decline in University of Phoenix new degreed enrollment experienced in the fourth quarter of fiscal year 2010 is expected to accelerate during the first quarter of fiscal 2011, resulting in a significant year-over-year decline.
[08:44] {Les} edu's to get hammered again today...? let's see
[08:45] {Threei}  look at APOL
[08:46] {Les} can't. no premarket
[08:46] {Threei}  -9.60
[08:46] {Les} LOL
[08:47] {Threei}  I mean -9.80
[08:47] {Les} magoo said "crushing"
[08:47] {Threei}  I mean -9.90
[08:47] {Les} right I understand now. getting crushed
[08:47] {Threei}  you got the drift :)
[08:47] {Les} an edu play day
[08:50] {nemo} 38.40 is support
[08:50] {Les} upgrading the laptop to W7. Vista driving me insane
[08:50] {Les} hoping its worth effort
[08:51] {nemo} next is 33.74
[08:52] {nemo} Les, you're already there
[08:52] {Threei}  Vista is the worst piece of crap ever produced my microsoft
[08:52] {Threei}  I skipped it entirely, didn't even try
[08:54] {Les} bought it with new PC. Thought I was getting a good price
[08:54] {Les} lol the price of new pc's just keeps getting lower
[08:55] {Les} yeh Nemo, but don't need to pay Microsoft to add insult to injury
[08:56] {Les} oops just caught your numbers Vad. initial jobless is ugly
[08:56] {magoo} i skipped vista altogether too, im still XP lol
[08:56] {Les} yeh the trading pc is still XP. doesn't miss a beat
[08:56] {Threei}  me too mags, 64bit XP works like charm
[08:57] {magoo} yup, XP great
[08:57] {magoo} wouldnt even try wind 7
[08:58] {Threei}  well, they will support XP into 2014
[08:58] {Threei}  so at some point we luddites will have to upgrade
[08:58] {magoo} and we'll all be dead in 2012 so no need to ever change
[08:58] {Les} kids and vista just don't mix. keeps freezing up
[08:58] {Threei}  well Les, to be fair kids rarely mix with anything
[08:59] {Les} true, but can't keep them Luddites forever.
[08:59] {Les} well, maybe Nemo could
[09:00] {Les} but he knows better than to have kids
[09:01] {RonS} been on Microsoft security LiveOneCare since Norton is so invasive and always doing things behind the scenes
[09:01] {RonS} Microsoft has been trying to kill it for 2+ just keeps working.  have not apid anything for 2 years...
[09:01] {RonS} paid
[09:02] {RonS} passed on Vista, run XP
[09:03] {RonS} Les I clean my cache regularly
[09:03] {Les} I don't need to know about your personal hygiene Ron
[09:05] {Les}
[09:05] {Les} I do have good maintenance tool.
[09:06] {dino} gm all, ed's bloody
[09:07] {Threei}  dino :)
[09:08] {dino} running xp here too
[09:08] {strider} spy trying to  breakk .80
[09:08] {strider} did it
[09:08] {Les} we're obviously the techno must have the latest crowd...
[09:09] {dino} hmmm, obamination first crushes bank, then auto, then healthcare, now education
[09:09] {Threei}  we have guinea pigs to have the latest :)
[09:10] {Raven} you calling me a pig?
[09:10] {Threei}  lol... you are embodiment of luddite in my mind
[09:10] {dino} there are worse things
[09:10] {davd} hi all!  
[09:10] {Threei}  davd :)
[09:10] {RonS} hey Raven, nice to hear from you...hi davd
[09:10] {Raven} lol ... Win7 here
[09:10] {Raven} Ron:)
[09:10] {Threei}  on a rare front of good news, this Chilea miners rescue is nothing short of miracle
[09:11] {Threei}  I won't forgive you for this Raven
[09:11] {Threei}  ever
[09:11] {Raven} yes on Chile ... 
[09:11] {Raven} Hey ... Win7 is great
[09:11] {Threei}  could be, but must you be among the first adopters?
[09:11] {RonS} ...i loved the miner that has his girlfriend show up instead of his wife...
[09:12] {Threei}  yeah :)
[09:12] {Les} lol only on American TV
[09:12] {davd} rescue sex
[09:12] {Raven} sorry 3i ... but I still have no cell phone :)
[09:12] {Les} I haven't heard of sleazy story like that yet
[09:12] {RonS} rotflol
[09:13] {Threei}  ok... that vindicates you... thank you for returning my life in its customary limits :)
[09:13] {Raven} I try :)
[09:13] {Threei}  'cause in what kind of sick world we live if Raven rushes to upgrade his OS...
[09:13] {Raven} new computers also ...
[09:14] {Threei}  OK, let's decide that I unlearned to read right after the line {Raven} I still have no cell phone
[09:14] {Threei}  let this happy thought be the last I ever read
[09:14] {davd} jpm below yesterdays low, intc almost at yesterday low
[09:15] {Raven} lol ... gonna have a new health insurance policy too ... they canceled mine ... surprise
[09:15] {RonS} no cell here...shoot, noone even calls on the land line
[09:15] {Raven} excellent Ron
[09:15] {Threei}  sounds like perfect deal
[09:16] {RonS} it is
[09:17] {RonS} somewhere that 850,000 people will lose their health ins
[09:18] {RonS} wonder how many will drop it w/ the price increases coming
[09:18] {Threei}  if?
[09:18] {Raven} One company in midwest quit writing it altogether for about 900000 people
[09:18] {Raven} Most Medicare Advantage plans will blow up
[09:19] {Threei}  the clear case of good intentions paving the road you know where...
[09:19] {davd} dollar significantly lower.  uup as low as 22.19
[09:19] {Raven} my premiums went up 135% this year
[09:19] {ese} morning
[09:19] {RonS} yep, and that dumba^& AARP pushed it
[09:19] {dino} ouch
[09:19] {Threei}  ese :)
[09:19] {Threei}  but hey - the world applauds
[09:19] {Raven} and now they just cancelled the whole program
[09:19] {kowboy} aarp commies
[09:20] {RonS} aarp...koolaid drinking teachers
[09:20] {Threei}  APOL -10.50
[09:20] {Raven} So I will ask the Socialists to take care of mr
[09:21] {Les} does health insurance function in Canada Vad?
[09:21] {dino} esi, dv w/it
[09:22] {Threei}  totally different system les
[09:22] {Threei}  we have "free" basic healthcare
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {ese} hey laris
[09:22] {larisa} vad, ese:)
[09:23] {Threei}  private is allowed only in areas where there is no state-covered
[09:23] {strider} "allowed"....hmmm
[09:23] {Threei}  APOL -11.30
[09:23] {khaln} g morning
[09:23] {Threei}  khaln :)
[09:24] {RonS} stink bid apol 35.50
[09:24] {nemo} this is major support
[09:25] {strider} CCG ipo
[09:25] {strider} trades sometime today
[09:29] {ese} just looked at apol.....yikes
[09:30] {Threei}  CECO too
[09:30] {dino} look esi, dv too
[09:30] {Threei}  and ESI
[09:31] {strider} nihd
[09:32] {Threei}  .short fcx 99 break half lot
[09:32] {jfjf64} mornin
[09:32] {Threei} Short Setup: FCX  99 break half lot
[09:32] {Threei}  jf :)
[09:33] {Threei}  feel free to cover
[09:33] {Threei}  +.30
[09:33] {strider} out in full +.24
[09:33] {Threei}  wtg
[09:33] {jfjf64} yahoooooooo
[09:33] {strider} a lot left on the table
[09:34] {Threei}  have you noticed 20 cents spike back up?
[09:34] {strider} yeah
[09:34] {Threei}  do you really want to stay with this opening volatrlity?
[09:34] {strider} uh no.
[09:34] {Threei}  it could be 40 cents just as well
[09:34] {magoo} cover .55 TY
[09:34] {ese} apol gonna bounce big time .....some time
[09:35] {Threei}  wow APOL
[09:35] {Threei}  -12.50
[09:35] {magoo} 5 downgrades vad
[09:35] {Threei}  lol
[09:35] {Threei}  CCG IPO opens for trade at $12.50
[09:35] {strider} bidding at zero
[09:36] {RonS} ah, the smell of napalm in the morning...
[09:36] {ese} lol
[09:37] {Threei} Short Setup: LVS  39 break
[09:37] {Threei}  stop above .10
[09:37] {Threei}  1:1
[09:38] {Threei}  1:2
[09:39] {Threei}  instant gratification in both cases, just as magoo loves
[09:39] {magoo} out .77 TY 
[09:39] {magoo} indeed i do
[09:40] {Threei}  APOL's getting close...
[09:41] {magoo} ESI down just as much in points
[09:42] {jfjf64} gild
[09:42] {jfjf64} jbe
[09:42] {jfjf64} lol
[09:42] {ese} is it ever mags
[09:43] {Threei}  ok, APOL
[09:43] {Threei}  this should be it
[09:44] {Threei}  .10 long
[09:44] {Threei}  small shares
[09:44] {Threei}  invalidated
[09:44] {dino} wants 35 imo
[09:44] {Threei}  should bounce here first...
[09:45] {Threei}  shorts got to get shaken out a bit before continuation...
[09:45] {ese} wow dino.............really
[09:46] {Threei}  in 37, small shares
[09:46] {Threei}  stop under low
[09:46] {magoo} in
[09:46] {dino} imo, w/ options exp tomorrow why not
[09:46] {Threei}  SMALL shares
[09:47] {Threei}  takes too long... not liking it
[09:47] {strider} short HOG .11
[09:47] {ese} hmmmmmmm   didn't think about that
[09:47] {Threei}  tightening to .85
[09:47] {dino} coin toss es
[09:49] {ese} in apol .96
[09:50] {dino} mtb
[09:50] {Threei}  out
[09:50] {Threei}  too much work
[09:51] {ese} then i'm out .02 +.06 1/2 lot
[09:52] {RonS} u r a it...
[09:52] {jfjf64} aapl
[09:52] {jfjf64} gettin hit
[09:52] {Threei}  see?
[09:52] {Threei}  this kind should bounce much faster when it's ready
[09:52] {ese} cool....that instinct of yours vad.........right on
[09:52] {Threei}  if it hesitates this long, it's not there yet
[09:53] {Threei}  it very well can be last gasp of selling
[09:53] {Threei}  but do you want to be in during such spike down?
[09:53] {jfjf64} on more leg dn
[09:53] {jfjf64} 300
[09:54] {Threei}  it was 50 cents drop, and could have been full buck just as easy
[09:54] {jfjf64} imo
[09:56] {dino} mtb l .50
[09:58] {dino} stopped mtb -.13
[09:58] {jfjf64} aig
[09:59] {jfjf64} seems  lk a buyer 
[09:59] {jfjf64} lookin for pull bk
[10:01] {Threei}  here comes APOL
[10:02] {dino} strider, ty hog, nice
[10:02] {strider} cover +.17
[10:02] {strider} thx
[10:03] {Threei}  AIG, not much of pullback
[10:03] {jfjf64} nope
[10:03] {dino} mtb l .25
[10:03] {jfjf64} banks  gettin  hit   
[10:03] {jfjf64} this going up
[10:03] {jfjf64} steady
[10:03] {RonS} rig runnin
[10:03] {davd} in mtb .23
[10:03] {jfjf64} accumulation
[10:04] {jfjf64} see  r2   what  happens
[10:05] {jfjf64} .20  be  nice
[10:05] {jfjf64} or  lower
[10:05] {jfjf64} bolinger  band  keeps  movin  up
[10:05] {jfjf64} stock will follow
[10:05] {strider} PIP
[10:06] {strider} upgrade
[10:06] {Les} faz .50 break?
[10:07] {Threei}  hmmm
[10:07] {Threei}  not delighted
[10:08] {Les} ok
[10:08] {dino} out mtb .37, +.12
[10:09] {strider} long PIP 2.03
[10:09] {Threei}  PIP Hearing Noble Financial making positive comments (timing uncertain)
[10:10] {Threei}  - Hearing Noble raises price target to $20 from $7.
[10:10] {strider} I'll take 7
[10:10] {Threei}  well, to et 7 they assign 20
[10:10] {strider} reasonable
[10:11] {strider} stop 1.85
[10:12] {magoo} vad, apol, when would sh strart to cover?
[10:12] {Threei}  a dollar ago?
[10:13] {Threei}  IMGN Strength attributed to report published today stating EU Medicines Agency granted orphan drug status on Oct 1 for maytansinoid-conjugated humanised monoclonal antibody against CD56 for the treatment of small cell lung cancer (7.26, +0.19, 2.69%)
[10:14] {jfjf64} comon  aig
[10:15] {jfjf64} come  to  daddy
[10:15] {jfjf64} one  more  leg
[10:16] {davd} out mtb .76
[10:16] {davd} +.53
[10:16] {Threei}  nice one davd, wtg
[10:16] {jfjf64} wtg  d
[10:16] {Threei}  here it comes jf
[10:16] {davd} watched pot...
[10:17] {jfjf64} whats  thwe  plan  3i
[10:17] {RonS} bac whacked
[10:17] {Threei}  .15 break
[10:17] {Threei}  big offer there
[10:17] {Threei}  .16 sorry
[10:17] {jfjf64} .16  ton  shares
[10:18] {jfjf64} yes
[10:18] {dino} wtg davd
[10:18] {jfjf64} hmm
[10:18] {Threei}  big pullback APOL
[10:19] {RonS} sop to Harry's re-election?...BoA May Lower All 30-Yr Mtge Rates In Las Vegas To 3.5%-Fox Business       10/14 08:17 AM
[10:20] {jfjf64} some  one playin
[10:21] {jfjf64} tight  stop
[10:21] {jfjf64} small risk
[10:22] {jfjf64} weird
[10:23] {Les} GS consolidating prior to breakdown IMO
[10:24] {Les} well not my opinion, but looks like it
[10:24] {Threei}  APOL
[10:24] {Threei}  round 2
[10:26] {dino} dv sm l .25
[10:26] {Threei}  jf, formally you have 1:1 on AIG
[10:27] {dino} ogxi sm l .88
[10:27] {Threei}  whether you want to take profit or try for more simpl,y because of very small risk, your choice
[10:27] {Threei}  I personally am out
[10:27] {jfjf64} me too
[10:28] {dino} stop dv -.27
[10:35] {magoo} GRMN
[10:36] {Threei}  10:19:32
[10:36] {Threei}  Garmin Ltd Ticks higher on some takeover chatter
[10:36] {Threei}  - Microsoft rumored as suitor
[10:41] {dino} esi sm l .25
[10:41] {strider} WEN dbl top, lower high
[10:41] {strider} or h&s pattern
[10:43] {magoo} took 37 recross
[10:43] {Threei}  NFLX
[10:43] {dino} out esi .84, +.59
[10:44] {Threei}  wtg
[10:44] {Threei}  spread is horrible, for those who play this kind only
[10:44] {Threei}  seems to be ready for reversal
[10:44] {dino} thx
[10:45] {Threei}  154 break should launch it but I would prefer to trty and buy it by bidding, closer to .50
[10:45] {Threei}  stop would have to be under .50
[10:45] {dino} dv sm l .54
[10:45] {ese} how many would consider this a double bottom for apol
[10:45] {Threei}  Preview: DOE (EIA) Petroleum Inventories due at 11:00ET
[10:45] {Threei}  **Consensus expectations:
[10:45] {Threei}  Crude: +1.5Me
[10:45] {Threei}  Gasoline: -1.3Me
[10:45] {Threei}  Distillate: -1.5Me
[10:45] {Threei}  Utilization: 83.1%e
[10:45] {Threei}  **Reminder: Yesterday API reported: CRUDE: -4M V +1.5ME; GASOLINE: -1.9M V -1.3ME; DISTILLATE: -250K V -1.5ME; UTILIZATION: 80.1% V 83.1%E
[10:46] {dino} not i es
[10:46] {ese} tks
[10:46] {dino} should get within .15 of lod imo
[10:47] {ese} dn to about .60
[10:47] {dino} dv stopped .33 -.25
[10:47] {dino} .21 opps
[10:47] {dino} f'ing rinse
[10:48] {dino} hmm maybe not
[10:48] {Threei}  The best recent estimates by civil engineers and government experts indicate that we would have to spend well over $2 trillion during the next five years on roads, bridges, airports, railways, transit, sewers, waterways, ports, dams, parks and schools simply to maintain them in decent condition. Such estimates do not include the kind of modernizing improvements that the United States requires to remain competitive with other nations
[10:48] {ese} time to scale dn the military
[10:48] {dino} better spent on that than wasting it
[10:49] {magoo} LVS near high
[10:49] {RonS} least they are not buttering their own bread...
[10:49] {Threei}  NFLX like clockwork... entry if very questionable though
[10:49] {magoo} mkts trying here
[10:52] {RonS} swks cueing up for a breakout pop...w/ market help
[10:53] {ese} ok.....i'm long apol .19
[10:53] {magoo} me too 37
[10:54] {magoo} like to see .91
[10:54] {ese} full or 1/2 mags
[10:54] {magoo} [10:42] {magoo} took 37 recross
[10:54] {magoo} 600 sh
[10:55] {magoo} .95 held it up
[10:56] {davd} o on tv
[10:56] {dino} wpc
[10:56] {ese} ya i got it bouncing off .92 a couple of time
[10:57] {dino} they are putting in wide ranges imo
[10:59] {magoo} ese, we r like mav and ice in top not leave your wingman
[11:00] {magoo} .83 or .87 or .93, thats my take
[11:00] {ese} roger wilco
[11:00] {magoo} vad is goose
[11:00] {dino} merlin here
[11:00] {magoo} u in??
[11:00] {ese} am i mav or ice
[11:01] {magoo} ice
[11:01] {magoo} im mav
[11:01] {dino} out ogxi .64, +.76
[11:01] {ese} once it passes the 1 min chart 50ma it's up for a while
[11:01] {ese} my chart puts that at .49
[11:01] {magoo} talk to me goose
[11:02] {ese} nice dino
[11:02] {dino} ty
[11:03] {ese} mack 1 mav.........shes goin right
[11:04] {magoo} if loses 37...EJECT EJECT EJECT
[11:07] {ese} after burners mav after left
[11:07] {magoo} i cant get tone
[11:07] {ese} nice one we just avoided the heat seeking missile
[11:07] {RonS} nemo
[11:08] {magoo} ice, take the shot or get out of my way
[11:08] {dino} could be higher low
[11:08] {ese} rotflol
[11:08] {RonS} oh nemo...
[11:09] {Les} I can't get the angle, I'm too close, switching to guns
[11:09] {Les} u bringing back some memories
[11:09] {magoo} lol
[11:10] {strider} stop PIP -.10
[11:11] {strider} pipsqueak
[11:12] {magoo} ice, its taking to long, we may better bug out
[11:12] {RonS} smsi
[11:13] {magoo} ice response"dont u leave me mav, goddammit"
[11:13] {ese} roger.......
[11:13] {ese} am still with ya mav
[11:13] {ese} were gaining altitude
[11:14] {magoo} ok, lets turn-n-burn wwaaaawwwhhhooooo
[11:14] {ese} lol
[11:14] {ese} sh$t this is funny......
[11:15] {RonS} ...can i shoot myself now?...
[11:15] {magoo} please do:)
[11:15] {ese} carry on
[11:15] {ese} les has switched to guns....he'll take care of ya
[11:16] {nemo} must be a full moon
[11:16] {dino} ron nice smsi spot
[11:16] {ese} saw 1/2 of one last night nemo
[11:17] {magoo} les, your call name is hollywood
[11:17] {ese} rotflol.............!!!!!!!!!!!111
[11:18] {magoo} wood, ice, and mav were all pilots
[11:18] {ese} vad never once told me the board was gonna be so fun...............
[11:18] {magoo} goose, slider, merlin in the rear
[11:18] {Threei}  this is bonus ese
[11:18] {ese} too funny too funny
[11:19] {magoo} u back from the dead
[11:20] {ese} and hollywood?
[11:20] {dino} viper
[11:20] {magoo} woods ok, he was hit but rescued
[11:21] {ese} phhewwwwww!!!!1 thought he was a gonner for a second
[11:21] {magoo} yea viper, the boss man pilot, flew with mavs dad
[11:21] {Threei}  more I look at APOL...
[11:22] {Les} no way, hollywood gets his butt kicked in the finale
[11:22] {Threei}  more I want to short it :)
[11:22] {magoo} lees i like it
[11:22] {dino} lower high
[11:22] {magoo} terrible bounce
[11:22] {ese} eggzactly les
[11:22] {Les} yeh meanders a little before decent drop
[11:22] {Les} APOL
[11:22] {dino} break of .88 short imo
[11:22] {magoo} .99 is my eject
[11:22] {Les}  37 b/d?
[11:22] {Threei}  I think sop
[11:22] {Threei}  jusyt keep shares reasonably sized
[11:23] {Threei}  snapback can be vicious
[11:23] {magoo} hes talking to u ice
[11:23] {Threei}  discretionary call
[11:23] {Threei} Short Setup: APOL  37 break
[11:23] {Threei}  if stays below .15
[11:24] {dino} eqix sm l .00
[11:24] {Threei}  ugh, forgot
[11:24] {Threei}  *DOE CRUDE: -420K V +1.5ME; GASOLINE: -1.77M V -1.3ME; DISTILLATE: -255K V -1.5ME; UTILIZATION: 81.9% V 83.1%E
[11:25] {Threei}  and to dismay of UNG traders,
[11:25] {Threei}  *EIA NATURAL GAS INVENTORIES: +91 BCF VS. +85 TO +95 BCF ESTIMATE RANGE (related UNG )
[11:25] {Threei}  lol
[11:25] {Les} USO ain't bouncing that weay it used to
[11:25] {magoo} freezin in my office, wife reamed me out for putting heat on yesterday..SIGH
[11:26] {magoo} wearing sno cloves
[11:26] {Les} ? she a greeny?
[11:26] {dino} lol magoo, wearing sweatshirt here
[11:26] {Threei}  nah, she just doesn't like magoo
[11:26] {RonS} smart woman
[11:26] {RonS} :D
[11:27] {davd} in eqix .00
[11:27] {Les} hehehe
[11:27] {magoo} lets just say, if i was a rescued miner, i hope at LEAST my girlfriend would show up
[11:27] {Les} LOL
[11:27] {Threei}  rofl
[11:27] {Threei}  I imagine magoo's wofe cutting the rope
[11:27] {Threei}  wife
[11:28] {ese} ho ho ..
[11:28] {RonS} rescue sex...classic davd.
[11:28] {magoo} i imagine vad handing her the scisors
[11:28] {Threei}  trhat's me
[11:28] {ese} ya figure she reads your arfter the markets posting of this board
[11:28] {ese} if so........
[11:29] {ese} there big trouble a foot
[11:29] {Threei}  lol
[11:29] {RonS} mayve even both feet
[11:30] {ese} mags...define happilly  maried for me will ya?
[11:30] {davd} dino eqix stop at .5
[11:30] {ese} just curious.....
[11:30] {davd} ? dino
[11:31] {magoo} how the hell would i be able to describe that, never experienced it
[11:31] {dino} .68
[11:31] {davd} ok
[11:31] {RonS} that is funny...
[11:31] {ese} lol
[11:32] {ese} and on that note....came close to pressing the eject there
[11:32] {magoo} that last missel btw was CLOSE (pllbk)
[11:34] {RonS} Happily married:  each glad to see the other go; glad to see them retur, and willing to put up with one another in between...
[11:35] {larisa} I want to be glad in between too :)
[11:35] {Threei}  lol
[11:35] {RonS} i have been happily married 10 years...and married 34...
[11:35] {magoo} im sh 37
[11:35] {Threei}  1:1 APOL
[11:35] {ese} out apol
[11:36] {RonS} i knew one of those guys died in that movie...
[11:36] {ese} lol
[11:36] {ese} haven't had this much fun loosing money in along time
[11:37] {RonS} sheesh, no indian casinos in Canada?
[11:37] {ese} first nations......
[11:38] {RonS} sounds like pc bs
[11:38] {ese} by the way......what egzactly is dragging the mrkt dn today
[11:39] {nemo} rig
[11:39] {nemo} long
[11:39] {RonS} ennui?
[11:39] {nemo} potential two way actually
[11:39] {RonS} waiting for the pomo tomorrow...imo
[11:39] {magoo} way ovrerbought the mkts
[11:39] {magoo} need a rest
[11:39] {nemo} tna ong also watch vwap at .75
[11:39] {ese} hmmmmmmm
[11:40] {ese} nice lookin daily chart
[11:40] {nemo} short
[11:44] {magoo} spy rotting
[11:45] {jfjf64} rig
[11:45] {jfjf64} .95
[11:45] {jfjf64} hold.85
[11:45] {dino} eqix stopped
[11:46] {magoo} im looking for APOL to seyt new low
[11:46] {jfjf64} no go
[11:46] {magoo} set
[11:46] {davd} eqix stopped
[11:47] {magoo} damn hgloves
[11:47] {jfjf64} simple
[11:47] {davd} market at lod
[11:53] {dino} going for yesterdays gap
[11:55] {Les} Aikido time. c u's for close.
[11:55] {magoo} APOL locked in small range
[11:55] {magoo} pain in arse
[11:55] {ese} L yahoo.95
[11:57] {dino} mtb l .25
[11:57] {ese} cya les
[11:59] {davd} in mtb .25
[12:16] {jfjf64} zzzzzzzzzzzzzzzzzzzzzzzzzz
[12:21] {Threei}  APOL slowly but surely makes its way to the center of Earth
[12:21] {dino} still short
[12:21] {ese} lol
[12:21] {Threei}  half
[12:22] {magoo} me too
[12:22] {magoo} real dog tho
[12:22] {Threei}  woof, APOL said and dropped
[12:22] {magoo} always happens, to make me look stupid, BUT ill take it
[12:23] {Les} mayday mayday Mavericks in a flat spin, he's heading out to sea
[12:24] {Threei}  over 1:2
[12:24] {magoo} is it gonna lose .50 vad?
[12:24] {Threei}  I think so
[12:25] {dino} cov apol .60, +.40
[12:29] {Threei}  wtg
[12:29] {Threei}  1:3
[12:30] {magoo} look at .50 bids
[12:31] {magoo} and gome
[12:31] {Les} well the missus has officially pissed me off. she is late
[12:32] {magoo} pregmant???
[12:32] {Les} no dammit, with the frikin car
[12:32] {Threei}  rofl
[12:33] {magoo} roflol
[12:33] {dino} lol
[12:34] {dino} mtb stopped
[12:37] {magoo} out here .52
[12:37] {magoo} scared me
[12:37] {magoo} last pop
[12:37] {magoo} + .48
[12:37] {magoo} ty bossasauras vad
[12:38] {Threei}  welcome
[12:41] {dino} gmcr
[12:43] {jfjf64} look  gs
[12:44] {Threei}  huh
[12:44] {Threei}  (EU) ECB's Bini-Smaghi: Deep reforms are needed to spur economic growth, especially in nations with aging populations - TV interview (related EUR/USD BUNDS )
[12:44] {Threei}  I am scared even to ask
[12:44] {jfjf64} break of 152.33
[12:44] {jfjf64} missed
[12:44] {jfjf64} grrrrrrrrr
[12:44] {Les} yeh I can imagine Vad
[12:45] {Les} arrest all strikers in France and deport them
[12:45] {Les} work until 70
[12:45] {Threei}  well, it's aging population part that scares me... I see decreed birth rates in the futue :)
[12:46] {dino} or death ages as in logans' run
[12:46] {Threei}  have three children before certain age or go to jail
[12:47] {Les} oh that I have no problem with
[12:47] {dino} vad, seriosly you have it backwards, its a problem of too many old vs young
[12:47] {Les} I think I could help out there
[12:47] {dino} the old are the strong votes ruining the system
[12:47] {davd} we currently implement have 3 children and get more welfare
[12:48] {dino} true davd, but medicare, medicaid, social security were based on larger pools of workers vs retirees
[12:49] {jfjf64} gs  bounce  3i
[12:49] {Threei}  so, young will have to have children and we will cull old... got it dino, both sides of equation are covered this way
[12:49] {dino} well, jobs issue is another problem
[12:49] {Threei}  not yet jf
[12:50] {Threei}  one more sharp dibe
[12:50] {Threei}  dive
[12:50] {davd} larger pools of workers, yes.  between unemployment and under the table....
[12:51] {davd} anyone playing google for after the bell?
[12:51] {dino} no
[12:51] {Threei}  magoo probably will
[12:51] {Threei}  he has death wish
[12:51] {dino} cmp blood
[12:52] {jfjf64} put ya dive  hat  on
[12:52] {davd} tempted to put a short 2.5% above close price.  based on stats, up 3% or down 10%
[12:52] {jfjf64} .40
[12:52] {jfjf64} hold  .27
[12:53] {jfjf64} in
[12:55] {RonS} sm l mtb .95
[12:56] {dino} cmp sm l .20
[12:57] {jfjf64} 1/1
[12:57] {jfjf64} half off
[12:57] {jfjf64} stop  b/e
[12:58] {jfjf64} lets go  gs
[12:58] {davd} in cmp .2
[12:59] {jfjf64} sell 1/4
[12:59] {davd} fyi dino, im still holding mtb - long term play.
[12:59] {jfjf64} hold now
[12:59] {dino} rinsed me
[12:59] {davd} i know, i was rinsed 1/2
[13:00] {Threei}  beautiful jf
[13:00] {jfjf64} yes
[13:00] {jfjf64} ill say
[13:00] {jfjf64} lol
[13:00] {jfjf64} im learnin
[13:02] {kowboy} ty jf
[13:02] {jfjf64} out
[13:02] {kowboy} gj jf
[13:02] {Threei}  Learning is not compulsory... then again, neither is survival
[13:02] {jfjf64} ty
[13:02] {jfjf64} you had it kowboy
[13:02] {kowboy} u betcha
[13:03] {jfjf64} ill be damm
[13:03] {Threei}  lol
[13:03] {jfjf64} yeah ha
[13:03] {jfjf64} lol
[13:03] {Threei}  If you think education is expensive, try ignorance
[13:04] {davd} that a poster 3i
[13:05] {Threei}  and to finish the line of wisecracks,
[13:05] {Threei}  Don't feel too vindicated if I happen to agree with you today. Chances are we will disagree tomorrow
[13:05] {Threei}  21.59% alloted at high
[13:05] {Threei}  - Indirect bidders take 32.4% of competitive bids, 9.1% go to Direct bidders, Primary Dealers take 58.3%
[13:05] {Threei}  - Median 3.782%, Low 3.7%
[13:06] {dino} eqix l .eqix l .12 ave
[13:06] {davd} 30 yr D- might look at TBT
[13:06] {nemo} apol
[13:08] {Les} that means yield. wonder if that gives a kick to uncle buck
[13:10] {Threei}  US 10-year yield trades at 2.5% after disappointing 30-year reopening results (related TLT SHY SPY )
[13:12] {jfjf64} d/b   gs
[13:12] {jfjf64} settin up  short
[13:12] {jfjf64} imo
[13:13] {jfjf64} .27
[13:13] {jfjf64} lets getem kowboy
[13:15] {jfjf64} no work
[13:16] {davd} i'm in tbt .1
[13:22] {khaln} ,
[13:22] {dino} stopped eqix
[13:25] {magoo} so vad, gun to head, GOOG up or down afterreport??
[13:25] {Threei}  wow
[13:26] {Threei}  I don't even know what it;s going to report, let alone how it's going to react
[13:26] {Threei}  badsed on what you want me to make such decision? :)
[13:26] {davd} goog down 10 pts from yesterday high, so selloff might be partially baked in.  
[13:27] {larisa} RIG watching for db, pace picked up
[13:27] {dino} stay away imo
[13:27] {magoo} yea, but i have u in a chair tied up, gun aginst your head, and your middle finger inbetween the blades of a hedge trimmer 
[13:27] {dino} goog that is
[13:27] {Threei}  feels like going a bit lower larisa
[13:27] {Threei}  hmmm
[13:28] {Threei}  mags... scary thought but I may have to enjoy that...
[13:28] {jfjf64} outta here
[13:28] {magoo} reason ill snip middle is so u cant make obscene jestures at me 
[13:28] {jfjf64} enjoy
[13:28] {jfjf64} my sons 1st football game
[13:28] {dino} cya
[13:28] {jfjf64} 7th grade
[13:28] {Threei}  take care jf, good luick
[13:28] {Threei}  enjoy that
[13:29] {magoo} good luk
[13:29] {Threei}  may I express my contempt with my eyes mags?
[13:37] {dino} l eqix .76
[13:41] {RonS} out mtb .58 +.63
[13:42] {RonS} txs dino
[13:42] {dino} gj
[13:45] {larisa} out RIG, took .70 recross with day low stop
[13:46] {Threei}  :)
[13:47] {ese} .
[13:51] {strider} hapaxlegomeno1n
[13:51] {strider} sorry
[13:51] {larisa} kitty kitty
[13:52] {strider} we don't speak latin here, do we?
[13:52] {Threei}  you sure you picked right time to learn egyptian?
[13:52] {Threei}  mandarin seems to be more parctical
[13:52] {strider} more orange
[13:53] {davd} out cmp .45
[13:53] {RonS} out cmp .52 +.50 thanks dino
[13:53] {Threei}  great job guys
[13:53] {RonS} thing trades by appt
[13:53] {davd} out cmp at .53
[13:54] {davd} out mtb .58
[13:57] {dino} gj
[13:58] {magoo} vad, any thoughts into last hour, sell or rip?
[13:58] {Threei}  bounce... but nothing graodnshuttering
[13:59] {Threei}  ground
[14:01] {RonS} ...some think that a Bernake speech at 8:15 edt tomorrow will have import
[14:01] {Threei}  import?
[14:01] {Threei}  export?
[14:01] {Threei}  impact?
[14:02] {RonS} import as in the root word of importance
[14:02] {RonS} swks l .40
[14:09] {RonS} dino, mcp?
[14:11] {dino} dk
[14:11] {dino} looks up
[14:14] {RonS} mcp sm l .62 s/l .40
[14:16] {strider} THOR
[14:17] {RonS} ZUES
[14:17] {strider} zeus?
[14:17] {RonS} :D
[14:18] {Threei}  lol
[14:23] {strider} short THOR .41 stop .46
[14:34] {strider} out 1/2 +.05
[14:34] {strider} thor
[14:37] {RonS} out swks .42 not like how the mkt is looking
[14:38] {magoo} TGB crushed
[14:38] {strider} stop bal thor -.03
[14:39] {strider} tgb
[14:41] {Threei}  friggin loonie at parity
[14:41] {Threei}  almost
[14:45] {dino} tgb shelf offering
[14:45] {Raven} you callin' me a loonie?
[14:46] {Les} what news Taseko Vad?
[14:46] {Threei}  ?
[14:47] {Threei}  give me symbol, please
[14:47] {Threei}  you ewxpect me to look up the name, then searcxh for news? :)
[14:48] {Threei}  I would never, raven
[14:48] {Raven} OK then
[14:49] {Threei}  JPM Reportedly offering $4B in bonds in 2 parts
[14:52] {Les} sorry
[14:52] {Les} TGB
[14:52] {RonS} 12:44 dino tgb shelf offering 
[14:52] {Les} I owned this stock when it was .60. Still kicking myself
[14:52] {strider} l wfc .56 5min chart
[14:52] {Les} k thanks ron
[14:53] {strider} stop below .50
[14:53] {Les} what's a shelf offering?
[14:53] {Threei}  yup, that's the only news
[14:53] {Threei}  read dilution
[14:53] {RonS} they create a stock offerring to dump it on the mkt when they choose
[14:54] {RonS} ...keep it on the shelf...
[15:01] {strider} stop wfc -.06
[15:03] {Threei}  mags
[15:03] {Threei}  I made up my mind
[15:03] {Threei}  on GOOG
[15:03] {Threei}  I haven't made up my mind on the question, to tell you or not...
[15:04] {Threei}  since ou are likely to sell farm and family and bet everythig on it
[15:04] {RonS} out mcp -.22
[15:06] {Les} you wanna short goog here?
[15:07] {Threei}  me???
[15:07] {Threei}  you'd have to beat me with 2x4
[15:07] {Les} that can be arranged
[15:07] {magoo} well????
[15:07] {Les} but GOOG looks ready to drop
[15:08] {Threei}  up is my contention
[15:08] {Threei}  big
[15:08] {Les} ok. why?
[15:08] {Les} what do you see in chart?
[15:08] {Threei}  trap
[15:09] {Les} aah
[15:09] {Threei}  but keep in mind, this is answer to:
[15:10] {Threei}  13:25] {magoo} so vad, gun to head, GOOG up or down afterreport??
[15:10] {magoo} oy
[15:10] {Threei}  13:27] {magoo} yea, but i have u in a chair tied up, gun aginst your head, and your middle finger inbetween the blades of a hedge trimmer
[15:10] {magoo} nflx bouncre here vad?
[15:11] {Threei}  can't tell
[15:12] {Les} lol yer a nasty piece of work magoo
[15:12] {Threei}  Taseko Mines Reportedly Canadian Fisheries agency says no decision made yet on environmental effects of proposed Prosperity mine development
[15:12] {Threei}  - Reminder: a Canadian Review panel in July noted that the mine would result in adverse environmental damage, and the company was expecting a decision on the gold/copper mine in October.
[15:13] {Threei}  US judge rules 20 states can move forward with suits against Federal govt healthcare law - NBC news
[15:13] {Threei}  oh god
[15:13] {Threei}  how much more divisive can this WH get?
[15:14] {RonS} who's afraid of Chicago thugs?
[15:15] {Les} what's BAC getting hammered for?
[15:15] {dino} goro
[15:15] {RonS} les some dude came w/ a report that details how the mortgage scandel could halve their value
[15:16] {Threei}  Bank of America Corp CEO: Foreclosure review will take nothing different about BAC today than there was yesterday (in reference to drop in stock price)
[15:16] {Threei}  - Says there is nothing different about BAC today than there was yesterday (in reference to drop in stock price).
[15:16] {Threei}  - There is no timeline yet determined on lifting of mortgage foreclosure.
[15:16] {strider} GOOG reports today
06[15:17] * magoo slaps strider around a bit with a large trout
[15:17] {davd} mkt might be positive react to the o'care news
[15:17] {RonS} timely
[15:17] {strider} am I late with the info?
[15:17] {Threei}  14 Oct 2010 12:16 [BAC] Weakness attributed to chatter about presentation by Branch Hill Capital in Aug, which suggested that BAC stock could be halved by its exposure to potential CDO fraud charges more...
[15:17] {magoo} kidding?
[15:17] {RonS} goro gored
[15:17] {strider} uh, yeah......I was ...uh....kidding. :)
[15:18] {davd} tlt back to the low set after the 30-yr auction.
[15:19] {Les} cool Ron. U know the banks are gonna do everything in their power to sweep this fiasco under the carpet
[15:19] {strider} teo downgrade
[15:20] {Threei}  US) Fed's Rosengren: Additional bond purchases are one of many options available to the Fed assuming the Fed moves forward on QE - CNBC
[15:20] {Threei}  - Want to avoid further disinflation and dont want to tighten when the economy is this weak
[15:20] {RonS} too political les...either 40 or 48 state ag's have launched an investigation
[15:20] {davd} remember (may agree or not)- concencus is that a wider yield curve is better for banks, i..e. if tlt drops
[15:21] {RonS} ...only if they lend davd...
[15:21] {davd} i knew someone would say that!
[15:21] {dino} goro sm l .08
[15:22] {RonS} ticker sounds like a great name for a bull...
[15:23] {Threei}  Will be a while to get back to full employment no matter what the Fed does, QE could accelerate that process
[15:23] {Threei}  - Japanese may have done their QE too gradually, experience suggests it should have been done more rapidly
[15:23] {dino} colm
[15:23] {Threei}  sigh
[15:23] {Threei}  btw
[15:23] {Threei}  can anyone explain to me the connection with bond purchases and employment?
[15:24] {dino} no
[15:24] {Threei}  shrug
[15:24] {Threei}  they refer to it all the time as if there was direct one
[15:24] {dino} imo not, bonds are to re-inflate
[15:24] {strider} if you're unemployed, you probably won't buy any bonds.
[15:25] {magoo} APOL on volume
[15:26] {Threei}  this debasement of the dollar will turn around and bite them in the ass, deeply and painfully
[15:28] {dino} well, imo, its a race to the bottom, most countries trying to do the same...
[15:27] {dino} and for the powers that ve it is the only way out
[15:28] {magoo} hooked it good
[15:28] {magoo} l 37 cross, out .37
[15:28] {dino} gj
[15:29] {Les} well done. I was looking at .20 cross after testing .10 support. you kept it on screen during the day?
[15:29] {magoo} all day focused on it
[15:30] {magoo} if takes .50 its opn to 38 
[15:38] {Threei}  13:58] {magoo} vad, any thoughts into last hour, sell or rip?
[15:38] {Threei}  [13:58] {Threei} bounce... but nothing graodnshuttering
[15:38] {Threei}  [13:59] {Threei} ground
[15:38] {Threei}  :)
[15:38] {magoo} u usually have good read on it, why i ask
[15:38] {strider} {-----------strider puts dunce cap back in closet.
[15:39] {dino} bac blood
[15:39] {dino} back in ten
[15:47] {Threei}  Market Internals update at 15:30ET
[15:47] {Threei}  - NYSE volume 825M shares, about 16% above its three-month average; decliners lead advancers by 2.3:1.
[15:47] {Threei}  - NASDAQ volume 1.64B shares, about 3% above its three-month average; decliners lead advancers by 1.7:1.
[15:50] {Threei}  TGB ADDRESSES OCTOBER 14, 2010 STOCK PRICE DECLINE; unaware of anything to cause price to be affected materially (6.25, -0.64, -9.29%)
[15:52] {strider} just bad luck, I guess.
[15:52] {dino} lol
[15:54] {Les} nice call on APOL mags
[15:54] {Les} night all
[15:54] {dino} cya les
[15:57] {dino} out goro .44, +.36
[16:00] {larisa} grond is shaking, we are going up :)
[16:00] {larisa} +u
[16:00] {larisa} gj dino
[16:01] {dino} out eqix -.21
[16:02] {larisa} we are waiting for GOOG or good night?
[16:02] {strider} already announced
[16:02] {magoo} ITS OUT
[16:02] {magoo} BOPOM
[16:02] {strider} up 20
[16:02] {magoo} BOOM
[16:02] {dino} s/p gap from yesterday filled,  ndx 2041 and dji 11020 still open
[16:03] {Threei}  there you go
[16:03] {Threei}  told ya
[16:03] {Threei}  GOOG Reports Q3 $6.72 v $6.69e, R$5.48B v $5.3Be
[16:03] {Threei}  Q3 paid clicks +16% y/y, % q/q
[16:03] {Threei}  - Q3 international revenue $B, represents % of total revenue
[16:03] {Threei}  - Q3 Google-owned web site ads revenues $B, % y/y
[16:03] {Threei}  - Q3 free cash flow $B v $B q/q
[16:03] {Threei}  - Q3 Capex $M v $M q/q
[16:03] {Threei}  - TAC $B v $B y/y
[16:04] {Threei}  15:08] {Threei} up is my contention
[16:04] {Threei}  [15:08] {Threei} big
[16:04] {Threei}  thank you all, have a good evebing
[16:04] {Threei}  see you tomorow
[16:05] {larisa} vad, you are sooooo pathetic, stop quoting yourself and wait  for piplz to do it :)
[16:05] {Threei}  I didn't hear that, I am out already
[16:05] {larisa} lol
[16:06] {Threei}  and you could make 35 points if stopped criticizing me and took my trtades
06[16:06] * Threei slaps magoo around a bit with a large roll of cash
[16:06] {dino} bidu spike w/goog
[16:06] {larisa} what to do with cases when you are wrong? or you never wrong?
[16:06] {magoo} hes never wrong
[16:07] {larisa} be quiet magoo, you quoting yourself all the time too :)
[16:07] {larisa} men
[16:07] {dino} lol
[16:08] {Threei}  you don't get it larisa
[16:08] {dino} gotta hop, take care all
[16:08] {Threei}  I quote myself because I have to indicate which of my predictions came true this time, so many right ones I make
[16:08] {Threei}  take care dino
[16:08] {larisa} bye dino