Wednesday, November 17, 2010

Nov 17 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html



Fair day, with enough wins to make it worth waking up. No interesting charts to show though, standard stuff

Session Time: Wed Nov 17 00:00:00 2010

[08:36] {Threei}  (EU) IMF Strauss-Kaun: Does not see economic reovery in Europe next year
[08:36] {nemo} lol
[08:36] {Threei}  that's OK, a year after that then
[08:36] {davd} so, he sees it this year?
[08:36] {Threei}  a year ago he did I guess
[08:37] {davd} kind of like the sign, "free beer tomorrow"
[08:37] {Threei}  :)
[08:59] {ese} gm
[08:59] {RonS} gm ese, all
[08:59] {Threei}  ese, ron :)
[08:59] {ese} ron david
[08:59] {ese} david buddy.....where is that sign
[09:00] {RonS} ya know, this hgsi lupus drug is a big deal
[09:00] {ese} see ya there friday
[09:00] {RonS} such a debilitating desease
[09:00] {ese} how so ron
[09:00] {ese} ahh
[09:00] {RonS} seems to me that those afflicted would try anything
[09:01] {RonS} those people cannot move a muscle without aching
[09:01] {Threei}  from earlier:
[09:01] {Threei}  *(US) OCT HOUSING STARTS: 519K V 598KE (lowest since April 2009); BUILDING PERMITS: 550K V 568KE
[09:01] {Threei}  - Prior Housing Starts revised lower from 610K to 588K
[09:01] {Threei}  - Note: Housing starts -11.7% m/m is approximately double the lowest street estimate
[09:01] {Threei}  *(US) OCT CONSUMER PRICE INDEX M/M: 0.2% V 0.3%E; CPI EX FOOD&ENERGY M/M: 0.0% V 0.1%E; CPI NSA: 218.7 V 218.8E
[09:01] {Threei}  - CPI Y/Y: 1.2% v 1.3%e
[09:01] {Threei}  - CPI Ex-food & Energy Y/Y: 0.6% v 0.7%e (Core Y/Y CPI at 0.6% is lowest reading on record)
[09:01] {Threei}  - CPI core index SA: 221.8 v 221.8 prior
[09:02] {Threei}  IR) Ireland opposition spokesperson: The EU is not distinguishing between the govt and the banks
[09:02] {Threei}  ***Note: During yesterday's session - The Irish Fin Min Lenihan stated any assistance to Irish banking system would be welcome, and reiterated a bailout for Ireland is NOT inevitable.
[09:02] {Threei}  - The govt has not made commitments to enter any facility.
[09:02] {Threei}  this sounds like mantra he repeats every day before going to sleep:
[09:02] {Threei}  (US) Fed's Rosengren: Bond buying is fully consistent with the Fed's mandate, not concerned by bond market volitility
[09:02] {Threei}  - Believes the Fed will be able to manage the various risks inherent in the new policy.
[09:02] {Threei}  - Fed is not trying to weaken the dollar.
[09:02] {Threei}  - Believes new policy can help add more than 700K jobs.
[09:03] {RonS} no inflation...my costco bought columbian coffee went from 7.99 pre crisis to 5.99 during, back to 7.99, then 9.99 1 mo ago and now 11.99
[09:03] {Threei}  ...not concerned by bond market volitility...not concerned by bond market volitility...
[09:03] {nemo} Ron...coffee harvest was sub par this year, there is also greater demand from China
[09:03] {Threei}  rthat's nothing Ron, look at the bag of pine nuts
[09:04] {nemo} Prices up are not inflation by themselves
[09:04] {RonS} what is inflation if not price
[09:04] {Threei}  Human Genome Sciences Inc FDA advisory panel votes 10-5 that Benlysta lupus drug is effective and safe; votes 13-2 to recommend approval
[09:04] {Threei}  - Panel votes 14-1 that the drug is safe.
[09:04] {Threei}  - NOTE: HGSI and GSK are partners on the drug. According to HGSI, no new drug for lupus has been approved by regulatory authorities in more than 50 years.
[09:05] {nemo} Inflation is more $ chasing the same amount of good given the same supply/demand parameters
[09:05] {RonS} ...and the stock is whacked over concerns about label warnings...
[09:05] {nemo} If you have less of something and the same demand, prices will go up
[09:06] {Threei}  it opened yesterday after thew halt at 29
[09:06] {nemo} If you have more of something, and less demand, prices will go down
[09:06] {ese} I absolutely convinced now that i hang on this board exclusively  for vads humor   ........
[09:06] {ese} i'm
[09:06] {nemo} that's scary
[09:06] {Threei}  you mean I am that useless in any other regard?
[09:06] {nemo} u need help
[09:07] {nemo} now that was a nice self-deprecating touch
[09:07] {RonS} but he hasn't come with a Soviet joke in months...
[09:07] {ese} see what i mean
[09:07] {ese} dude!!!! hows it goin
06[09:07] * Threei cancels ese's 50% coupon for Taoist Trader course
06[09:08] * Threei adds 2x coupon for ese
[09:08] {ese} lol
[09:08] {ese} theres money in hgsi somewhere today.......
[09:09] {Threei}  but back to Feds' lullaby
[09:09] {Threei}  ... Fed is not trying to weaken the dollar.... Fed is not trying to weaken the dollar.... Fed is not trying to weaken the dollar
[09:10] {nemo} fine thank you and you?
[09:11] {ese} fine........always good to have you back right at the am
[09:11] {Threei}  now, you want to see "scary"?
[09:11] {Threei}  this is scary: [09:10] {nemo} fine thank you and you?
[09:11] {nemo} wow...ese...he's paying you to take the course
[09:11] {ese} yup
[09:12] {Threei}  I see this level of politeness right before the gunfire
[09:12] {ese} guinee pig
[09:12] {nemo} not really, I'm pretty much always polite to ese
[09:12] {ese} has to be
[09:12] {ese} i live near him
[09:13] {RonS} sorry, but i guess i am confused...i thought 3i lived in Victoria and ese se of vancouver...
[09:14] {ese} you know......it the old tires going flat inexplicably thing that could happen
[09:14] {Threei}  no, he is here too, about 20 min drive
[09:14] {ese} vad has the crabbing dock......i have the beach
[09:14] {RonS} ah...
[09:14] {Threei}  Fed's Bullard: Government meddling in housing finance has been astonishing
[09:14] {Threei}  oh the irony
[09:15] {Threei}  Fed is astonished by goverment meddling
[09:15] {RonS} ...how can you be astonished for 60 years...
[09:15] {Threei}  I am astonished by their astonishment
[09:15] {RonS} been going on since the end of wwii
[09:15] {davd} when i was consulting we used to say "it's a very common exception"
[09:15] {Threei}  lol davd, that's a good one
[09:16] {RonS} it's kinda like these market commentors who constantly say "today is different"
[09:16] {Threei}  larisa :)
[09:16] {RonS} well, if every day is different isn't today the same?
[09:16] {ese} laris
[09:17] {larisa} gm :)
[09:17] {davd} gm ipo shares should have been auctioned to households by lottery.  similar to world cup soccer
[09:20] {Threei}  (EU) ECB's Constancio: It is up to Ireland regarding the request for aid
[09:20] {Threei}  EU officials are not forcing Ireland to accept aid
[09:20] {Threei}  lol
[09:20] {ese} agreed....commentators are always looking for the disaster senario......biggest one slide in last 3 months.....largest drop in 4 days...blah blah blah....31st massive sell off this year
[09:21] {RonS} chs ...10.5 mil sh short
[09:22] {ese} no wonder with the heart burn you get
[09:23] {davd} re bernanke scholar on depression,  is Ireland Fed chief scholar on Potato Famine?
[09:24] {dino} gm all
[09:24] {RonS} now that is some dark humor...
[09:24] {Threei}  dino :)
[09:24] {ese} dino
[09:24] {davd} nope dino, didn't get any
[09:24] {RonS} that famine changed the national character of all Irish
[09:24] {davd} as did the depression...
[09:25] {ese} also forgot to mention ron that patience lives on a private golf course here......
[09:25] {RonS} nah...widespread death is much different...
[09:25] {RonS} and by starvation to boot...
[09:26] {davd} yes, that's true.
[09:26] {dino} that famine brought my relatives to usa, why i,m here
[09:27] {davd} anti-semitsm in my case.
[09:28] {ese} better boose at vads house here in victoria ...thats why i moved to the island
[09:29] {nemo} mmmmhhhh, I think for one side it was potato famine, the other side it was a combination of not wanting to marry who they wanted her to marry and being sick of getting drafted into wars
[09:29] {ese} especially the vodka in the life size AK47 bottle
[09:29] {Threei}  lol
[09:29] {ese} and were off
[09:30] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:30] {ese} jf
[09:31] {jfjf64} ese
[09:31] {Threei}  HGSI
[09:31] {Threei}  .15 break
[09:31] {Threei}  half lot
[09:31] {Threei}  very risky
[09:32] {Threei}  stop under 24
[09:32] {Threei}  1:1
[09:32] {Threei} Long Setup:  LVS  .35 break
[09:33] {nemo} tgt wow
[09:33] {Threei}  if stays above .20
[09:35] {Threei}  not a scalp for me
[09:36] {Threei}  not a scalp for mehalf out .48
[09:36] {Threei}  ugh
[09:36] {Threei}  half out .48
[09:36] {RonS} took lvs .32 to .48...thxs 3i
[09:36] {Threei}  :)
[09:36] {Threei}  stop to .25
[09:36] {Threei}  offering 1/4 .65
[09:37] {Threei}  scalpers win
[09:38] {nemo} stopped hd -.07
[09:38] {Threei} Long Setup:  COST  .70
[09:39] {Threei}  if stays above .60
[09:39] {Threei}  BSX Hearing vague takeover chatter circulating (6.52, 0.00, 0.00%)
[09:40] {Threei}  - JNJ rumored as a potential acquirer
[09:40] {davd} in cost .72
[09:41] {Threei}  1:1, half out
[09:41] {Threei}  scalpers are scalpers
[09:41] {Threei}  1:2
[09:42] {Threei}  1/4 more out
[09:42] {dino} out cost +.23 ty vad
[09:43] {Threei}  :)
[09:44] {jfjf64} wher  our  stop  3i
[09:44] {Threei}  under .80
[09:44] {jfjf64} ty
[09:44] {Threei}  wow LVS
[09:44] {davd} ou tcost .88
[09:45] {jfjf64} ty
[09:45] {RonS} 3i, seems like lvs is moving off the Shanghai...
[09:46] {Threei}  whole world seems to be bent over on moving in
[09:47] {Threei}  never mind - my humor is back to its usual self
[09:47] {dino} brk/b sm l .00
[09:48] {Threei}  oh come on dino, what with these itsy bitsy stocks... let's play BRK.A, like grown ups
[09:48] {RonS} be a stud like ese...
[09:48] {ese} L hgsi .41
[09:49] {RonS} l hgsi .32
[09:49] {ese} dino is smarter than i am
[09:49] {RonS} ...have no idea for a target...
[09:50] {RonS} my trades are on me ese...always have been always will be...
[09:51] {ese} same L hgsi .33
[09:51] {ese} avg .36
[09:52] {Les} morning
[09:53] {Les} where did you take COST?
[09:53] {dino} mtb break of .00 sm l
[09:53] {ese} las
[09:53] {ese} lex
[09:53] {ese} led
[09:53] {ese} les
[09:53] {Les} slow down ese
[09:53] {ese} there we go
[09:54] {Les} drink yer coffee
[09:54] {khaln} g morning
[09:54] {ese} out hgsi .76
[09:55] {ese} +.40
[09:55] {jfjf64} kss
[09:55] {jfjf64} pullbk
[09:55] {jfjf64} watchin
[09:55] {ese} 3k of the little blighters
[09:55] {dino} gj guys
[09:55] {jfjf64} nice
[09:55] {jfjf64} ese
[09:56] {RonS} out hgsi .90...+.58
[09:56] {ese} right on ron!!
[09:56] {ese} high five it
[09:57] {dino} wtg
[09:57] {Threei}  good job guys
[09:57] {RonS} ...watch it go another 3.00 ese
[09:57] {Threei}  khaln :)
[09:58] {Threei}  les :)
[09:58] {ese} sing along now " I'm dreaming of a green christmas"......."unlike the ones i never knew"....."where the blah blah blah"
[09:58] {jfjf64} slw
[09:58] {jfjf64} momo
[09:58] {ese} ya no kiiding ron
[09:59] {Les} oh u noticed me vad?
[09:59] {Threei}  ?
[10:00] {Les} nothing
[10:00] {Les} where did you enter COST?
[10:00] {Threei}  09:39] {Alert} Threei Long Setup: COST .70
[10:00] {Threei}  [09:39] {Alert} Threei if stays above .60
[10:00] {ese} hey......I live in the same town and he never comes to visit.......
[10:00] {Les} ok ty
[10:01] {Les} yeh when the coach takes 5 minutes to notice my presence....
[10:02] {Threei}  oh come on
[10:02] {ese} lol
[10:02] {Les} :)
[10:02] {Threei}  it's morning, and things move
[10:03] {Threei}  barely 30 min after open, I had called 3 plays
[10:03] {Threei}  scanner, news
[10:03] {nemo} what have you done lately?
[10:03] {jfjf64} les  ya  hittin the   ripple  again
[10:03] {Les} :(
[10:03] {ese} lol
[10:03] {Threei}  forgive me for not watching the door all that close at the open
[10:03] {Les} graced you with my presence Nemo
[10:03] {nemo} Mad Dog 2020
[10:04] {ese} my goodness this board is funny this morning.....one liners flying left and right
[10:04] {Les} stop under brk dino?
[10:05] {ese} wha da ya say ron........pullback city hgsi
[10:05] {dino} .74
[10:05] {Les} ty
[10:05] {ese} hmmmmmm????
[10:05] {ese} i'm lookin at .40
[10:05] {Threei} Long Setup:  RIMM  .90 break half lot
[10:06] {Threei}  if stays above .75
[10:06] {ese} hmmm well looks to bottoming out at .60
[10:08] {Threei}  no go
[10:09] {ese} ron!!!!  do not go to the bar..........we haven't made enough money with hgsi yet.....go later
[10:10] {nemo} been in hd since .38 flossing with barbed wire
[10:10] {ese} lol
[10:10] {Les} seems fitting
[10:11] {nemo} took half .48 just scratched the rest
[10:11] {ese} daaaaaaaa had finger on the trigger and hesitated for a split second........sheesh
[10:11] {Threei}  watching X for pullback entry
[10:11] {dino} brk/b to .20
[10:12] {dino} out +.20
[10:12] {ese} I hope the taoist trader covers them split second hesitation things
[10:13] {ese} crap ...look at it go
[10:13] {RonS} what?
[10:13] {Threei}  it does ese
[10:14] {dino} too tight
[10:14] {Threei}  among zillion other things
[10:14] {ese} cool....with or without drugs
[10:14] {Threei}  your choice
[10:14] {ese} tks
[10:15] {ese} ron....ya left me hangin.......how could you....after all we've been through
[10:15] {Threei}  RIMM is intriguingly weak
[10:15] {jfjf64} vxx
[10:15] {jfjf64} watchi
[10:16] {jfjf64} bounce
[10:16] {Threei}  ATVI Strength attributed to takeover chatter
[10:16] {RonS} fast market ese, plus i have lost track of which topic u are on...:/
[10:16] {Threei}  - Sony rumored as a potential acquirer. (11.58, +0.10, 0.87%)
[10:16] {dino} sm l .60, stop lod atvi
[10:16] {ese} check out cree......i still have my position from yesterday at .91.....no biggie though ...just 900 shs
[10:17] {ese} ya gotta love the smell of napom in the morning ehhhhhhhh
[10:17] {Threei}  lol
[10:17] {Threei}  ugh
[10:17] {Threei}  though of shorting RIMM at .70 break
[10:18] {Threei}  and it looked like recipe for shakeout
[10:18] {jfjf64} x
[10:18] {jfjf64} pull bk
[10:18] {Threei}  turned to be the best play I never took""
[10:18] {Threei}  X, want it closer to .60
[10:18] {jfjf64} k
[10:19] {jfjf64} was  thinkin  .50  break  vxx
[10:19] {jfjf64} dont  lk  to  think  though
[10:20] {nemo} spy at pivot and 200 ma on 5 min chart...likely dawdle around here
[10:20] {nemo} qs at 200 on 5 minute
[10:21] {Les} PM miners being bid up
[10:21] {nemo} h might be good short under .35
[10:21] {nemo} hd
[10:22] {Threei}  looks like
[10:23] {Les} http://stockcharts.com/scripts/php/candleglance.php?$DJUSHB,$DJUSHI,$DJSHMB,$SPHB
[10:23] {dino} yhoo sm l .25
[10:23] {ese} holy......i'm gettin the....."this could go along way".....feeling with cree
[10:23] {dino} stop .99
[10:23] {Les} housing ain't pretty
[10:24] {Les} but all these charts showing bottom of range. could bounce from these lows
[10:24] {ese} forget housing....back lighting on tv screens is whats important.....thats what the market is saying this morning....just look at cree
[10:24] {Les} HD too
[10:25] {Les} is that what CREE is lol?
[10:25] {ese} ya
[10:25] {Threei}  lol ese
[10:25] {ese} it's so that when you have the tv in your back yard....without a house to put it in.....you can see the screen
[10:26] {dino} kra sm l .01, stop .73
[10:26] {Threei}  that would go very well with my house ese: http://realitytrader.com/vad/h.jpg
[10:26] {nemo} must be the outhouse picture
[10:27] {ese} LED orders for LCD TV backlighting are expected to rise sharply in 2011 - Digitimes - Various manufacturers in Taiwan have recently noted a rebound in orders for LED. :
[10:27] {ese} now that !!!!!!! is funny
[10:28] {Threei} Short Setup: RIMM  .50 break
[10:28] {Threei}  half lot
[10:28] {davd} fyi 31, i bought small rimm at .9 because it broke .9.  i believe i was wrong to do?
[10:29] {Threei}  crrrap... too fast
[10:29] {Threei}  no, back for taling
[10:29] {Threei}  if stays under .60
[10:29] {Threei}  invalidated
[10:30] {nemo} lvs drop
[10:30] {Threei}  davd... you mean on that call at 10:05?
[10:31] {Threei}  *DOE CRUDE: -7.28M V -500KE; GASOLINE: -2.66M V -500KE; DISTILLATE: -1.11M V -2ME; UTILIZATION: 84% V 82.9%E
[10:31] {Threei}  - Distillate demand -615K bpd to 3.78M bpd
[10:31] {Threei}  - Gasoline demand -100K bpd at 8.95M bpd
[10:31] {davd} yes, 10:05 thanks
[10:31] {ese} hgsi might not see 3bucks this morning ron.......but 2 is a distinct possiblilty
[10:31] {davd} the call at...
[10:31] {Threei}  that was valid setup, but why are you still in? it was stopped at .75 long ago
[10:32] {Threei}  10:05] {Alert} Threei Long Setup: RIMM .90 break half lot
[10:32] {Threei}  [10:06] {Alert} Threei if stays above .75
[10:32] {Threei}  [10:08] {Alert} Threei no go
[10:32] {davd} that's true, i saw "no go" and thought nobody bought...  after trading will ask again,  don't waste time now...
[10:33] {Threei}  you are scaring me
[10:33] {Threei}  calls have a structure
[10:33] {Threei}  condition for entry and condition for stop
[10:33] {Les} I was in davd. No need to say "out" everytime it fails. It did break .90
[10:33] {Threei}  in this case, entery condition is break of .90
[10:34] {davd} ok, understood
[10:34] {Threei}  stop condition is loss of .75
[10:34] {Threei}  if violates stop before triggering, play is invalidated
[10:34] {dino} mtb stopped -.33
[10:34] {Threei}  if triggers first and then breaks through stop level, it's stopped
[10:34] {RonS} me too davd...broke .90...in .88...broke .75...out .80...-.08
[10:35] {RonS} hgsi breaking my heart ese
[10:35] {Les} Vad while we are on subject of RIMM
[10:35] {davd} ok, now i see it.  i thought i was the only one who saw the break above .90.
[10:36] {Les} does the second top at .90 before RIMM reverses consitute a dt?
[10:36] {dino} atvi to flat
[10:36] {dino} yhoo to flat
[10:36] {Threei}  not really Les
[10:36] {Threei}  not on 1 min anyway
[10:37] {Les} ok. I had small shares and .70 stop
[10:37] {RonS} hgsi moo
[10:37] {RonS} momo
[10:37] {Threei}  rofl
[10:37] {Les} so I was still in after you were out. I guess I should have seen RIMM stalling the 2nd time
[10:39] {Les} LVS wants up
[10:39] {Les} no setup though
[10:40] {ese} well you called it though ron.......man it's basically done 2 bucks here
[10:40] {ese} but the way it's going could be more
[10:41] {Threei}  (GR) Greece PM Papandreou: Greece's budget is credible, will not become insolvent (related NBG EUR/USD EUR/GBP )
[10:41] {dino} out astvi +.04
[10:42] {Les} screen and scanner up and running vad?
[10:44] {Threei}  yes
[10:44] {Threei}  TGT Exec: electronics sales still soft, but saw some improvement in Oct as TV prices declined - conf call
[10:45] {Les} dino you watching ASYS? u like it here?
[10:47] {Les} banksters weaker than market today
[10:47] {Les} Vad FAS .40 if holding .30? or two way play?
[10:48] {ese} holy sh*&^ ron......it's gonna make 3 bucks........look at it go
[10:49] {RonS} total "murphy" situation ese...
[10:49] {Threei}  no clear idea to that play les
[10:49] {Les} thought FAS might be pulling its butt back up. yeh I can't see it now
[10:50] {Les} the setup
[10:51] {dino} asys sm l .90
[10:51] {dino} yhoo stopped flat
[10:52] {Les} why was HGSI stopped yesterday?
[10:52] {Threei}  stopped?
[10:52] {Threei}  or, you mean halted
[10:52] {Threei}  for FDA panel
[10:52] {Les} yeh
[10:52] {Les} ok
[10:53] {Threei}  they recommended approval
[10:53] {Threei}  HGSI nodded and dropped
[10:53] {dino} jks
[10:55] {RonS} dino, stp announced todya that they are increasing capacity...murdered all of the solars...
[10:55] {dino} ahhh
[10:55] {Threei} Short Setup: X  .80 break
[10:55] {Threei}  stop above .90
[10:55] {dino} kamn sm l .50 stop .23
[10:56] {Threei}  target is about 1:2 at least
[10:56] {dino} brk/b back to yesterdays support
[10:59] {dino} asys stopped
[10:59] {nemo}  net support under .40
[11:00] {Threei}  scalpers win on X
[11:01] {nemo} bounced at vwap
[11:03] {RonS} for ese, Cree (CREE) shares continue to outperform but put action just jumped to 2X daily average as  7,500 December $55/$47.50 put spreads traded at $2.10.  Shares have been gaining since a Morgan Keegan upgrade and continue to see takeover chatter, breaking above trend resistance and a Fibonacci Level today with $57.50 next resistance.  Also, recent publica
[11:03] {Threei}  LVS sudden bout of happiness
[11:03] {RonS} are showing that the LED demand is picking up again and shares held support despite an earnings induced sell off last month.  Shares trade 20.4X earnings, 6.2X sales and 5.44X cash, and have a 21.8% short float.  This trader appears to be taking a bearish stance, but may be adjusting a hedge, so I will be checking the open interest report tomorrow.
[11:04] {dino} brk/b sm l .76
[11:05] {dino} stop .48
[11:05] {dino} friggin' rinses again today
[11:05] {nemo} nice and clean
[11:06] {nemo} asys bounced right at support
[11:07] {dino} rinsed me too
[11:07] {Threei}  NY Fed: Purchased $8.15B in outright coupon purchase; dealers submitted $29.9B (bid to cover 3.6)
[11:07] {Threei}  - Note: This was the fourth QE2 operation
[11:07] {Threei}  - Heaviest purchase $2.31B in the 08/15/19 maturity
[11:07] {ese} tks ron
[11:08] {RonS} yw
[11:10] {ese} the reality trader go against the crowd works for me........he's short and advertising it?   then i'm long.......whoever that dude is he's got a long position somewhere
[11:19] {jfjf64} kss
[11:19] {Threei}  and tll?
[11:19] {jfjf64} lol
[11:19] {RonS} lol
[11:20] {jfjf64} .33 breakdn
[11:21] {jfjf64} in
[11:22] {Threei} Long Setup:  LVS  .45 break
[11:22] {Threei}  if stays above .35
[11:22] {dino} mtb sm l .05
[11:22] {dino} stop .99
[11:23] {Threei}  invalidated
[11:23] {Threei}  in retrospect, was two sided
[11:24] {dino} asys sm l .45
[11:24] {dino} stop .19
[11:24] {jfjf64} thanks
[11:24] {jfjf64} for  lettin  me  know
[11:33] {Threei}  jf, what are you targeting in KSS?
[11:33] {dino} out mtb flat
[11:40] {RonS} Gene Simmons?
[11:40] {nemo} geez
[11:41] {nemo} gag me with a frickin spoon
[11:41] {RonS} :D
[11:41] {RonS} glad u are still alive nemo
[11:41] {Les} and as happy as ever
[11:42] {RonS} hate the group but simmons is one hellava businessman
[11:43] {nemo} wife ain't bad either
[11:43] {nemo} he's an Israeli
[11:44] {RonS} common law wife...he never married her...
[11:44] {nemo} fine
[11:45] {dino} tell it to the court
[11:45] {nemo} funny as a rubber crutch dino
[11:45] {RonS} if i was Less i could tell it to the hand...
[11:45] {Les} now you're just being a smart ass
[11:45] {RonS} when did i stop?
[11:46] {nemo} Mmmmhhh....now which word do we associate more closely with les?
[11:46] {nemo} smart?
[11:46] {nemo} or ass?
[11:46] {RonS} rotfl
[11:47] {RonS} ok Les, even you don't deserve such abuse...
[11:48] {nemo} I asked a simple question
[11:48] {Les} speak to the hand
[11:48] {nemo} hehehehe
[11:48] {RonS} perfect...lol
[11:48] {Les} qcom for .20
[11:48] {Les} cover .01
[11:49] {nemo} thanks Alex
[11:49] {Les} I know no one wants to follow me, so no call
[11:49] {Les} you tightened up ASYS stop dino?
[11:50] {Threei}  Fed's Bullard: Removing the dual mandate and moving towards single price stability is an 'interesting idea'; it is important to fight too low inflation
[11:51] {dino} to .37
[11:52] {Threei}  - Housing market 'bouncing on the bottom', there is a danger if GSEs continue without reform
[11:52] {Threei}  - Interested in debate for Fed having only a single mandate
[11:52] {RonS} dndn halt
[11:52] {Threei}  Dendreon Corp Halted, news pending
[11:52] {Threei}  **Note: The halt came ahead of today's Medicare panel meeting to discuss whether to approve prostate-cancer treatment PROVENGE.
[11:54] {Les} almost has a mediterrean flavour to it. Provenge
[11:55] {Les} where do they come up with these names... Ah Provence, good food, good wine, half naked French girls...
[11:55] {nemo} or Revenge
[11:55] {Les} lol glass half full here
[11:56] {nemo} I consider Revenge quite satisfying
[11:56] {RonS} doesn't trojan use it as a brand?
[11:56] {nemo} ?
[11:57] {RonS} what, did i stump the stars?
[11:59] {dino} mtb sm l .75 stop .47
[12:08] {Les} COH getting close to big drop if market can help
[12:10] {Les} s COH .84 stop above .95
[12:19] {dino} asys stopped
[12:19] {dino} -.08
[12:19] {Les} dog
[12:19] {Les} not you dino, ASYS :)
[12:20] {dino} lots of stops this week, lots of rinses too
[12:20] {nemo} opex chop
[12:20] {dino} could be
[12:21] {dino} or market changing
[12:25] {Threei}  General Motors Corp CNBC's Kate Kelly: Pricing for IPO likely at $33/shr; considering a $1B bond offering
[12:25] {Threei}  - Reminder: Yesterday the the size of the IPO was increased to 478M shares, with the pricing range estimated at $32-33/shr
[12:26] {dino} ask the old bondholders about the last offering
[12:27] {Les} so I shouldn't buy some GM dino?
[12:27] {Les} long-term buy and hold?
[12:27] {dino} didn't say that.
[12:27] {Les} ;)
[12:27] {dino} just obamination screwed the old bondholders
[12:27] {Les} screw that. how many times this company been bailed out in your lifetime?
[12:28] {dino} once
[12:28] {Les} only?
[12:28] {RonS} yep
[12:28] {dino} think so
[12:28] {nemo} wow...can't wait to short it
[12:29] {nemo} this is funny...kinda' not
[12:29] {nemo} http://globaleconomicanalysis.blogspot.com/2010/11/why-its-hard-to-get-business-off-ground.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
[12:30] {Threei}  (US) Senator Corker (R-TN): Fed says is not trying to manipulate the level of the USD
[12:30] {Threei}  - Senator Bayh (D-IN): Fed is still committed to controlling inflation
[12:31] {Threei}  - Senator Shelby (R-AL): Fed believes QE2 will create 700K to 1M jobs over the next two years.
[12:31] {Threei}  lol
[12:32] {RonS} ...in the emerging markets...
[12:32] {Les} hehehe
[12:32] {nemo} good one
[12:37] {ese} stopped cree .71 + 1.60
[12:37] {Les} bitchin
[12:37] {Les} I guess beer's on you tonight ese
[12:39] {dino} wtg]
[12:39] {Les} damn covered COH prematurely. there it goes
[12:39] {Les} dip me in tar and roll me in feathers
[12:39] {nemo} I'm there!
[12:42] {ese} definitely
[12:45] {Les} yeh just showing too much strength COH is.
[12:45] {Les} jumps up and down with market
[12:45] {Les} not enough fear
[12:46] {nemo} http://www.bloomberg.com/news/2010-11-17/world-s-oldest-champagne-survives-icy-shipwreck-surfaces-for-wine-tasting.html
[12:49] {Les} vad QCOM 48?
[12:49] {Les} b/D?
[12:50] {Threei}  I think so
[12:51] {Les} I'll let it bounce first on 200ma .95
[12:51] {Les} this slave is required to do dinner. brb
[12:53] {nemo} Les in an apron
[12:54] {dino} french maid outfit, lol
[12:54] {nemo} Awwww maaaannnnnnnn!
[12:54] {nemo} Did you have to go there
[12:54] {nemo} don't look at asys dino
[12:55] {dino} sheesh
[12:55] {dino} another rinse
[13:01] {Les} qcom getting closer to b/d
[13:09] {jfjf64} anybody there
[13:09] {Threei}  no
[13:09] {nemo} would any species count?
[13:09] {jfjf64} ty
[13:09] {nemo} Leeeessssss!
[13:09] {Threei}  was saw you coming theough the door and hid
[13:09] {jfjf64} keep getting  error  mibbit
[13:10] {jfjf64} wantingscripts to contiue
[13:10] {jfjf64} no
[13:10] {jfjf64} winning trades  COMON
[13:11] {Les} I'm here. sort of
[13:12] {jfjf64} ??
[13:15] {Les} 19:10 jfjf64 anybody there
[13:15] {jfjf64} im here
[13:16] {dino} .
[13:19] {Threei} Long Setup:  TNA  .70 break
[13:19] {Threei}  if holding above .60
[13:21] {Threei}  1:1
[13:25] {nemo} scalpers win again
[13:25] {Threei}  don't you hate'em
[13:25] {nemo} money's money
[13:26] {jfjf64} nemo"s nemo
[13:27] {Les} qcom decided not to break down
[13:27] {nemo} jbe
[13:27] {jfjf64} high count  of day
[13:29] {jfjf64} bidu
[13:29] {jfjf64} missed  that  break
[13:29] {ese} I.......am...........outa...........................................here!   catch you all tomorrow
[13:30] {jfjf64} later ese
[13:30] {ese} it's a pleasure doing business with you all
[13:30] {jfjf64} enjoyyyyyyyyyyyyyyyyyyyyyy
[13:30] {ese} jf
[13:30] {Threei}  take care ese
[13:30] {RonS} took tna from .7287 to .86...thxs 3i
[13:31] {Threei}  :)
[13:31] {RonS} cya ese
[13:34] {dino} cya es
[13:42] {Threei}  Fed has issued guidelines for banks on requirements necesary before dividends can raised
[13:42] {Threei}  - Fed will require the stress tested banks to provide capital plans in early 2011.
[13:52] {dino} what a tight daily range today
[13:52] {Threei}  yeah
[13:52] {Threei}  and jf is screaming at me for not finding much
[13:53] {dino} well, that's jf
[13:53] {nemo} speaking of magoo...
[13:54] {dino} dk, haven't heard from him in week
[13:55] {nemo} did he go hunting?
[13:55] {dino} yes, but i thought locally. altho he does get into it
[13:55] {RonS} for love?
[13:56] {nemo} if you here from him, tell him I whacked another 8 pointer
[13:56] {dino} will do
[13:56] {dino} i'm going to bear camp this wekend, working on killing a keg
[13:56] {nemo} worth cause
[13:56] {nemo} worthy
[13:58] {Les} gs crash
[13:59] {Les} obviously doesn't agree with Fed plan
[13:59] {Threei}  far from crash
[13:59] {Les} well call me Mr hyperbole
[13:59] {RonS} wow, a whole fiddy cent
[14:00] {nemo} Miss would probably be more accurate
[14:00] {Les} lol
[14:00] {Les} piss off
[14:00] {Les} fas
[14:00] {jfjf64} chart  looks    i   c/h
[14:00] {jfjf64} forming
[14:00] {jfjf64} yes
[14:00] {jfjf64} no
[14:00] {jfjf64} maybe
[14:00] {RonS} maybe
[14:00] {jfjf64} shut up
[14:00] {jfjf64} jf
[14:01] {Threei}  we discussed you jf
[14:01] {Les} chinese ladle spoon yes jf
[14:01] {Threei}  while you were away
[14:01] {jfjf64} yes
[14:01] {jfjf64} and
[14:01] {Threei}  [13:52] {dino} what a tight daily range today
[14:01] {Threei}  [13:52] {Threei} yeah
[14:01] {Threei}  [13:52] {Threei} and jf is screaming at me for not finding much
[14:01] {Threei}  [13:53] {dino} well, that's jf
[14:01] {jfjf64} hmmm
[14:01] {jfjf64} never  scream
[14:02] {dino} :D
[14:02] {jfjf64} quality not  quanity
[14:02] {Threei}  yeah, he throws stones in complete eerie silence
[14:03] {jfjf64} never  sream  im  a  taoist
[14:03] {nemo} probably not a good idea
[14:03] {jfjf64} lol
[14:04] {jfjf64} 3i
[14:04] {jfjf64} you  need  to put  out  child  book like  bobo
[14:04] {jfjf64} K I S S
[14:04] {nemo} We'll call it Lesso
[14:06] {Threei}  yeah, what the deal with that
[14:07] {Threei}  how on earth does sitting president find time to write children's book
[14:07] {nemo} family history?
[14:07] {jfjf64} THINKIN  BOUT  HIS  FUTURE
[14:07] {jfjf64} 2 yrs
[14:07] {Threei}  half term president
[14:08] {RonS} he had Biden do it....but oops he's a plagiarizer...
[14:08] {Threei}  great... Florida Woman Diagnosed with Cholera
[14:09] {nemo} last week
[14:09] {Threei}  I guess they finally caught that crocodile
[14:16] {jfjf64} up   or  down
[14:16] {Threei}  GLD shorp dibe
[14:16] {Threei}  sharp too
[14:16] {larisa} dive too :)
[14:16] {Threei}  true
[14:16] {Threei}  lol
[14:16] {RonS} oil too
[14:16] {Threei}  dollar uptick was quite modest
[14:17] {Threei}  not sure what killed them all
[14:26] {Threei}  (US) PIMCO's McCulley: QE2 is very supportive of risk assets - CNBC
[14:26] {Threei}  - I don't know why people are so negative about QE2, I'm not "losing any sleep" over QE2.
[14:26] {Threei}  good to know he sleeps well
[14:26] {jfjf64} whats  that
[14:26] {Les} yeh no waiting in the bread line for Pimpco guys
[14:28] {Threei}  DNDN FDA medicare panel votes the survival data on Provenge warrants a review (35.87, 0.00, 0.00%)
[14:28] {Threei}  yesss
[14:28] {Threei}  Pelosi is elected minroty leader
[14:30] {nemo} Mmmmmhhhh all I can hear in my head is The Talking Heads "Burning down the House"
[14:30] {dino} see, the don't learn
[14:31] {Threei}  if you ask me, the best thing they can do is to get her to run for pressident in 2012
[14:31] {Les} Pelosi got the dems by the balls?
[14:31] {Les} no one to stand up to her?
[14:31] {Threei}  then reps willl win even with Sarah running
[14:32] {Les} no sane candidate to front dems in her place?
[14:33] {Les} I'll be quiet now
[14:34] {Threei}  who believes him?
[14:35] {Les} (paypal bets can be arranged thru private message window)
[14:35] {dino} lol
[14:35] {Threei}  hehe
[14:35] {jfjf64} im in
[14:38] {Threei} Long Setup:  GLD  .50
[14:38] {Threei}  if holding .40
[14:38] {Threei}  just a scalp most likely
[14:42] {RonS} a la Jim Carey:  "will somebody SLAP me!"
06[14:42] * nemo slaps RonS around a bit with a large 12 lb sledge
06[14:42] * nemo slaps RonS around a bit with a large chain mace
[14:42] {RonS} thanks, now i'm awake
[14:44] {Les} STI read vad?
[14:44] {Threei}  breakdown if anything
[14:44] {Threei}  not that I am delighted
[14:45] {Les} yeh wondering if capable
[14:45] {Threei}  very narrow
[14:45] {Les} ok
[14:46] {davd} in gld .44
[14:49] {dino} ntap
[14:49] {Threei}  doillar strenghtens
[14:49] {Threei}  GKD is not very likely tow rok
[14:49] {Threei}  GLD
[14:49] {Threei}  stopped
[14:49] {davd} stopped on gld
[14:50] {davd} least amount i've ever lost on gold - thanks :)
[14:50] {Threei}  lol
[14:54] {dino} ntap sm l .50
[14:55] {RonS} ntap reports ah
[14:55] {Threei}  NTAP Reports Q2 $0.42 (adj) v $0.49e, R$1.21B v $1.2Be
[14:55] {Les} rimm read vad? .10 b/d?
[14:55] {dino} leak maybe
[14:55] {Threei}  - Guides Q3 $0.48-0.50 v $0.51e
[14:55] {Threei}  it just did
[14:55] {Threei}  RIMM, no
[14:55] {dino} out .25, +.75
[14:55] {Threei}  better try to find entry on bounce
[14:56] {Les} ok.
[14:56] {Les} nice on dino
[14:56] {dino} ffiv
[14:56] {dino} ty lucky
[14:56] {RonS} ntap kills the clouds
[14:57] {dino} ntap .52
[14:57] {dino} vs .49
[14:58] {Threei}  NTAP Reports Q2 $0.52 (adj) v $0.49e, R$1.21B v $1.2Be
[14:58] {Threei}  mistype?
[14:59] {Threei}  sheesh
[14:59] {Threei}  murderer
[15:00] {dino} lod
[15:02] {Les} NTAP gettin a little nuts there
[15:03] {dino} gap 48.74 area
[15:04] {dino} kra all day to .30
[15:06] {dino} out kra +.29 slip
[15:09] {dino} gap filled ntap
[15:09] {Threei}  bounce time NTAP
[15:10] {Threei}  lol
[15:10] {Threei}  jumped 50 cents while I was typing that
[15:10] {dino} would like db on it
[15:10] {Threei}  really crazy
[15:11] {Les} just went cold
[15:11] {Threei}  halt
[15:11] {Les} aah
[15:11] {RonS} freakin computer foze....ntap quote?
[15:11] {Threei}  NTAP hatled
[15:11] {larisa} halted
[15:12] {RonS} sonofa bitch
[15:12] {larisa} I  hate these halts
[15:12] {dino} me too
[15:12] {Threei}  that's for our safety, you know
[15:12] {Threei}  you are long, ron?
[15:12] {dino} yeah, and somehow i always lose money on them
[15:13] {RonS} ntap sm l 9.20
[15:13] {Threei}  that's to keeop you safe from paying too much taxes
[15:13] {dino} i guess
[15:13] {Threei}  a bit high...
[15:14] {Threei}  ***Please note that NTAP's Q2 report has been released early on the company's investor relations site. We have called the company in order to confirm that this release is valid.
[15:16] {Threei}  if it turns out to be a hacker's job, it will be a first I think
[15:17] {dino} dis last week same thing
[15:18] {RonS} ya, and they blamed it on goofy.
[15:18] {nemo} why Les?
[15:18] {RonS} lol
[15:18] {Threei}  lol
[15:18] {Les} I was about to say "well at least it wasn't me"
[15:18] {Les} motor mouth be me to it
[15:19] {Threei}  nemo types faster
[15:19] {nemo} ...I was expecting, "Piss Off"
[15:19] {nemo} motor fingers
[15:21] {RonS} dino asys
[15:21] {Les} SLV SLW test support.
[15:22] {dino} wow
[15:22] {nemo} I've got support at .74
[15:22] {Les} for?
[15:22] {dino} jks too
[15:22] {nemo} asys
[15:23] {Les} well you can blame ASYS on me dino
[15:23] {nemo} take the "y" out and fits you perfectly
[15:23] {Les} lol
[15:23] {dino} msb drop
[15:23] {Les} goddamn you
[15:23] {Les} you on speed?
[15:23] {nemo} nope
[15:24] {nemo} you bring out the best in me
[15:24] {Les} so this is why u r divorced
[15:24] {nemo} never married
[15:24] {nemo} all sobered up before I could get them down the aisle
[15:24] {RonS} lol
[15:25] {nemo} Got this lotter winner wants me to come visit her...tempting
[15:25] {dino} makes things easier
[15:25] {RonS} J Giles..."first i look at the purse"
[15:25] {nemo} according to her, worst thing that ever happened to her
[15:26] {dino} i was told, it is just as easy to love a rich one as a poor one
[15:26] {RonS} aapl death
[15:26] {Les} SLW gone
[15:26] {nemo} As long as she's a.....nevermind
[15:26] {Les} GDX going
[15:27] {nemo} frig, spy didn't quite get to my target
[15:28] {dino} it might
[15:28] {nemo} .87
[15:31] {nemo} ah well, should have set order couple cents higher
[15:31] {jfjf64} amzn bounce
[15:31] {jfjf64} ??
[15:32] {Threei}  looks lower to me
[15:32] {Les} aapl back under 300
[15:33] {dino} back in 10
[15:35] {RonS} aapl recovery
[15:35] {RonS} can it close +300
[15:36] {RonS} dang ntap nos. look good to me
[15:37] {RonS} NetApp Q2 rev $1.21 bln vs $910 mln       11/17 01:34 PM
[15:37] {RonS} NetApp Q2 net income 42c a share vs 27c       11/17 01:34 PM
[15:37] {RonS} NetApp sees Q3 rev of $1.24 bln-$1.29 bln       11/17 01:35 PM
[15:38] {RonS} NetApp sees Q3 EPS of 39c-41c       11/17 01:35 PM
[15:38] {RonS} NetApp Had Cash, Equivalents, Investments $4.38B At Oct 29       11/17 01:34 PM
[15:38] {Threei}  so, was that a fake report??
[15:38] {RonS} NetApp Beats on Q2, Issues Mixed Guidance for Q3 - Stock Halted in Late Regular Session       11/17 01:39 PM
[15:39] {RonS} i think not...hit on "mixed guidance"
[15:39] {Threei}  Q3 EPS is different from before
[15:40] {Threei}  RIMM Reportedly RIMM says discussions over security protocols continuing with Indian govt; reiterates that it policy is not to make special deals with individual countries (55.85, -0.44, -0.78%)
[15:44] {RonS} NetApp (NTAP:$49.25,00$-3.44,00-6.53%) reports Q2 earnings of $0.52 per share, better than the Street view of $0.49 per share. Revenue was $1.207 bln, ahead of the analyst consensus of $1.19 bln on Thomson Reuters. For Q3, NTAP expects revenue in the range of $1.240 to $1.290 bln, vs. the Street view of $1.258 bln. EPS are seen in the range of $0.48 to $0.50
[15:45] {Threei}  I am not sure I uinderstand why they'd released it easrly, then halted the stock
[15:46] {RonS}  EPS are seen in the range of $0.48 to $0.50 per share, vs. expectations of $0.51 per share.
[15:48] {dino} report seems fine
[15:48] {Threei}  good chance it opens up from here
[15:49] {dino} thinking same
[15:49] {Threei}  no opening time yet?
[15:49] {RonS} sell order in for 50.20
[15:49] {dino} when's it open
[15:50] {dino} what you in at ron?
[15:50] {Threei}  no time indicated
[15:50] {RonS} when gs has it gamed for max profit
[15:50] {Threei}  nor for DNDN
[15:50] {RonS} 49.20
[15:51] {RonS} 21.9 mil sh short...wonder if they covered...
[15:52] {dino} you're going to be afterhours trading it ron
[15:52] {Threei}  LOL
[15:52] {RonS} godang, don;t they have to publish an open time?
[15:53] {Threei}  Pelosi: I wish every American c ould see our caucus today
[15:53] {Threei}  I gree
[15:53] {Les} circus?
[15:53] {Threei}  150:43
[15:53] {RonS} Charlie Rangel, Maxine Waters
[15:53] {larisa} vads typing is esp bad today :)
[15:54] {RonS} ya what is that?
[15:54] {RonS} 150:43?
[15:54] {Threei}  votes for Pelosi
[15:55] {RonS} oh
[15:55] {jfjf64} good day  all
[15:55] {RonS} cya jf
[15:55] {jfjf64} yes  it  was
[15:55] {Les} ciao
[15:55] {Threei}  take care jf
[15:55] {dino} cya jf
[15:55] {jfjf64} ty 3i
[15:55] {Threei}  yw
[15:55] {Threei}  hey jf
[15:56] {jfjf64} ron   dino  les
[15:56] {Threei}  how's that taoist trader course moving along?
[15:56] {jfjf64} slow
[15:56] {nemo} slowly
[15:56] {jfjf64} but  enjoyable
[15:56] {Threei}  good
[15:56] {Threei}  it has to be slow
[15:56] {Threei}  very densely packed material
[15:56] {nemo} kinda' like Les
[15:57] {jfjf64} here  that  nemo
[15:57] {nemo} here? where?
[15:57] {jfjf64} densely packed
[15:57] {nemo} you mean hear?
[15:57] {jfjf64} ahh
[15:57] {nemo} yeah, got to it already jf
[15:57] {nemo} think I'll let a setup like that go by
[15:58] {jfjf64} lol
[15:58] {Threei}  OK
[15:58] {Threei}  time for NTAP on the site
[15:58] {Threei}  16:10 quotes, 16:15 opening
[15:58] {Threei}  get ready ron
[15:59] {RonS} thanks...cya
[15:59] {Threei}  I'll wait with you
[16:00] {Threei}  dollar upticking into close
[16:00] {davd} me too - would like to see this.
[16:10] {Threei}  jockeying for position is about tostart
[16:11] {nemo} nice spread
[16:13] {davd} 33
[16:13] {Threei}  looks good
[16:14] {Threei}  here we go
[16:14] {Threei}  over 50
[16:14] {Threei}  Ron is OK
[16:14] {larisa} ok, see you  :)
[16:14] {Threei}  thank you all
[16:14] {Les} ciao
[16:14] {Threei}  have a good evening
[16:14] {Threei}  see you tomorrow