Thursday, December 16, 2010

Dec 16 2010

Losing day for us, one of those when nothing works. Rinse after rinse. Good thing we recognized it early and cut size down to half lot, to keep damage low.

Session Time: Thu Dec 16 00:00:00 2010
[08:24] {magoo} morning
[08:25] {nemo} RIG and the oils
[08:25] {nemo} SAM
[08:49] {magoo} lawsuit
[08:49] {nemo} yeah, but it has that look, and it's up .50 in 10 minutes
[08:50] {magoo} long?
[08:51] {magoo} lvs
[08:51] {magoo} fdx
[08:51] {magoo} vrsn
[08:52] {Threei}  good morning
[09:01] {jfjf64} mornin all
[09:02] {Threei}  jf :)
[09:05] {Threei}  *ECB TO INCRASE CAPITAL BY 5B
[09:06] {Threei}  hmmm.. just why would they do that?
[09:12] {dino} gm all
[09:12] {Threei}  dino :)
[09:13] {ese} morning
[09:13] {Threei}  ese :)
[09:13] {ese} morning vad
[09:14] {larisa} gm :)
[09:14] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:12] {harth} Good Morning All!
[09:13] {Threei}  harth :)
[09:13] {ese} stld......halted....
[09:14] {ese} guides .04/.10 v .11
[09:14] {ese} will probably take a beating
[09:14] {Threei}  Steel Dynamics Inc Halted; Guides Q4 EPS $0.05-0.10 v $0.11e- The company is currently evaluating the assets of two idled fabrication locations for impairment based on current plans for their future use, as these plans were impacted by the company's recent purchase of additional joist locations and equipment. - The company currently estimates a fourth quarter impairment charge of $13M to $15M, or approximately $0.03 to $0.04 per diluted share. - In recent weeks the company's sheet operations order entry and pricing have increased significantly, but were negatively impacted early in the quarter by reduced volumes and pricing.
[09:18] {stewy} good morning
[09:19] {Threei}  stewy :)
[09:22] {davd} morning all!
[09:22] {Threei}  davd :)
[09:22] {Threei}  my gut insists we get selloff after morning volatility is over
[09:23] {nemo} btw...if an internet tax get's passed, go long bby
[09:23] {nemo} insists?
[09:24] {Threei}  RIG testing low
[09:25] {nemo} low is round 69.15
[09:26] {Threei}  hmmm
[09:26] {Threei}  I see 69.70 since 8 am
[09:27] {magoo} 69.13
[09:27] {nemo} 69.13 on my data
[09:28] {Threei}  what time?
[09:29] {magoo} 7:26
[09:29] {nemo} yep
[09:29] {nemo} just sent it to you
[09:30] {Threei}  ahha, I see why I don't see it
[09:30] {Threei}  ty
[09:31] {jfjf64} fdx  gettin  hit
[09:33] {magoo} wynn caught upgrade today
[09:33] {jfjf64} x  bam
[09:33] {magoo} bidu weak
[09:34] {magoo} MCP rip
[09:35] {Threei}  SLW, watching for bounce
[09:35] {Threei} Long Setup:  SLW  .90 break
[09:35] {Threei}  top under .80 for scalpers
[09:36] {Threei}  .75 day traders
[09:36] {Threei}  stop that was
[09:36] {Threei}  LVS lost its mind
[09:37] {Threei}  no worky SLW
[09:37] {dino} slw
[09:37] {nemo} nice hammer though
[09:37] {nemo} bidu slippery
[09:37] {dino} gap fill nov
[09:38] {magoo} X
[09:38] {Threei} Short Setup: LVS  .70 break
[09:38] {Threei}  stop above .80
[09:38] {Threei}  not a scalp
[09:39] {Threei}  target is about .40 at least
[09:40] {nemo} perfect bounce off hammer support slw
[09:41] {ese} L amgn.07
[09:42] {jfjf64} battle
[09:42] {Threei}  grrr
[09:43] {ese} stop 56.12
[09:44] {nemo} motr 20 offer
[09:45] {magoo} loook WYNN
[09:46] {nemo} spy holding downward trendline
[09:46] {dino} brk/b sm l .59
[09:47] {Threei}  a lot of stock break higher though
[09:47] {Threei}  hate these disconnects
[09:47] {jfjf64} lvs
[09:47] {jfjf64} grrrrrrrrrrrrr
[09:47] {nemo} love them, embrace them
[09:47] {nemo} be one with them
[09:47] {nemo} shoot me now
[09:47] {nemo} frickin x
[09:48] {ese} s
[09:48] {ese} stopped amgn +.12 +.05
[09:49] {Threei}  LVS rinse
[09:49] {nemo} motr
[09:49] {nemo} aig
[09:50] {Threei}  thank you LVS for hitting the target - next time try not to rinse us in the process
[09:51] {jfjf64} wow  look bounce  fdx
[09:51] {jfjf64} missed
[09:52] {jfjf64} finnies  up
[09:53] {dino} msb
[09:53] {Threei} Short Setup: SLW  .60 break
[09:54] {Threei}  half lot with stop above .75
[09:54] {Threei}  not a scalp
[09:54] {jfjf64} daily  cd  fall
[09:55] {Threei}  here finally comes my gut-predicted selloff
[09:56] {dino} msb sm l .26 wide pulp
[09:56] {Threei}  touched 1 cent above 1:1 twice
[09:56] {Threei}  let's trail to .70
[09:58] {jfjf64} comon
[09:58] {jfjf64} die
[10:00] {Threei}  that's selloff
[10:00] {nemo} fcx whacked stops bastid
[10:00] {Threei}  *(US) DEC PHILADELPHIA FED: 24.3 V 15.0E
[10:01] {Threei}  covered half .49
[10:01] {ese} spy going nuts
[10:01] {Threei}  yeah, both directions
[10:01] {Threei}  out SLW
[10:01] {Threei}  wash
[10:02] {Threei}  US Treasury's Geithner: the remaining TARP investments will likely show a positive return for US govt
[10:02] {Threei}  selling should resume now
[10:07] {Threei} Long Setup:  RIMM  .30 half lot
[10:07] {Threei}  if stays above .20
[10:08] {Threei}  I think I need to go home
[10:09] {Threei}  don't remember that much rinsing
[10:09] {jfjf64} shake it off
[10:09] {nemo} croaked on motr
[10:10] {Threei}  look at RIMM
[10:10] {ese} in .32
[10:11] {Threei}  feel free to start partialing
[10:11] {ese} out tk you vad
[10:11] {Threei}  cool
[10:11] {ese} .43 +.11
[10:11] {Threei}  things are so unstable, don't hang around too long in anything
[10:12] {ese} yup
[10:13] {Threei} Short Setup: X  .90 break
[10:13] {Threei}  half lot
[10:13] {jfjf64} havnt got punched aroud lk that in while
[10:14] {Threei}  there is a lot of nervouseness in the air
[10:14] {Threei}  X invalidated
[10:15] {nemo} biu
[10:15] {nemo} bidu
[10:16] {Threei}  GS UPDATE: Atlantic Equities Cuts GS to Neutral from Overweight, price target: $170
[10:17] {Threei}  {GS CEO}, over intercome: anyone's got a free minute this morning, to drop by to Atlantic and punch their lights out?
[10:17] {magoo} disconnect, red index but stocks moving up
[10:17] {magoo} yeay, green inddex but move down
[10:18] {ese} L amgn .99
[10:19] {jfjf64} lvs
[10:19] {jfjf64} lol
[10:20] {jfjf64} x  lvs  simialar  chart
[10:24] {magoo} fdx short read bvad
[10:24] {Threei}  I don't see a short in it here
[10:25] {Threei}  94 break maybe but it's a toss up
[10:25] {magoo} if mkts resume selloff, could be
[10:26] {Threei}  problem is, I don't see much connection
[10:30] {magoo} read MCP?
[10:30] {magoo} 2 1/2 drop
[10:30] {Threei}  .15 is long trigger for it
[10:31] {Threei}  thin, jumpy
[10:31] {ese} amgn stop to .10
[10:31] {Threei}  don't like it at all
[10:31] {Threei}  if makes new low here, forget about it
[10:31] {Threei}  there
[10:33] {magoo} short LVS loss 44
[10:34] {nemo} Holy shit
[10:35] {nemo} My stops have been blown away today
[10:35] {Threei}  it dropped so sharply in 44
[10:35] {Threei}  wouldn't chase like this...
[10:35] {nemo} wow...two trades already stopped for the day
[10:35] {dino} gappy moves nemo
[10:36] {magoo} every day is so hard,
[10:37] {Threei}  sheesh
[10:37] {Threei}  you depress me
[10:37] {magoo} we need to costanza trrade
[10:37] {dino} imo, thois week is tough, first two weeks dec easy
[10:38] {Threei} Short Setup: GLD  133 break
[10:38] {Threei}  half lot, if stays under .15
[10:39] {Threei}  if market comes to its senses, target is about 40 cents
[10:39] {magoo} in
[10:39] {magoo} in lvs sh too
[10:40] {Threei}  all trades are cut to haklf lot considering this jumpiness and lack of consistency
[10:40] {Threei}  yeah, this
[10:44] {Threei}  magoo, tell me you are keeping those stops
[10:45] {magoo} oh yea, out but acct neg today
[10:45] {Threei}  because what we have now is exactly the situation where you tend to get stubborn, blow them and then get angry
[10:45] {Threei}  ummm
[10:46] {Threei}  you expect to be positive every day, don't you
[10:46] {magoo} need to
[10:46] {Threei}  good luck then
[10:46] {Threei}  you'll be a first in mankind history if you manage to do that
[10:47] {magoo} and then ill publish my story
[10:48] {Threei}  I'll be a first buyer
[10:48] {Threei}  autographed copy pls
[10:48] {ese} amgn stop to .20
[10:50] {dino} mos sm l .50
[10:53] {ese} stop to .40
[10:53] {Threei} Short Setup: SLW  .50 break
[10:53] {Threei}  stop above .60
[10:53] {Threei}  half lot goes without saying
[10:54] {ese} out amgn .39 +.39
[10:55] {dino} gj
[10:56] {Threei}  nice one
[10:58] {Threei}  market spike
[10:58] {Threei}  let's scratch SLW
[10:58] {stewy} .
[10:59] {Threei}  FBI makes 4 arrests in insider trading probe - CNBC (related XLF )
[11:00] {magoo} gotta go guys..fbi here
[11:00] {Threei}  rofl
[11:00] {davd} lol
[11:00] {ese} tks's like pullin teeth these days
[11:00] {ese} patience is a must for sure
[11:01] {Threei}  mags, admin asked you to check your e-mail
[11:01] {Threei}  good scratch SLW, would have been stopped
[11:07] {dino} msb wow!
[11:08] {Threei}  45 is support on daily
[11:08] {Threei}  panic is likely to take it lower
[11:08] {Threei}  but biunce is close
[11:08] {Threei}  bounce too
[11:10] {Threei}  looks ready dino
[11:10] {dino} FEELS SO
[11:10] {Threei}  market spike too
[11:10] {dino} SM L .20
[11:11] {Threei}  45 recross was obvious trigger, just way too thin for me
[11:11] {Threei}  your style stock
[11:11] {Threei}  what the deuce
[11:11] {dino} stop .70
[11:11] {Threei}  no news for this market spike
[11:11] {dino} i bgt
[11:12] {Threei}  beautiful, MSB
[11:12] {dino} crazy gut call, goes back to 50 by eod
[11:18] {Threei}  X no upward move with market
[11:18] {Threei}  watching as a shirt candidate with market reversal
[11:20] {Threei} Short Setup: X  .15
[11:20] {Threei}  if stays under .25
[11:23] {Threei}  am I cursed today?
[11:26] {Threei}  definitely
[11:26] {magoo} msb was nice call
[11:27] {dino} thx
[11:28] {magoo} like to see a double bott reversal on it
[11:29] {dino} think bottom is in
[11:30] {dino} but who konws
[11:33] {stewy} gotta go. take care.
[11:33] {dino} cya stew
[11:33] {ese} you talkin mrkt in general dino for this leg dn
[11:33] {magoo} bye stewy
[11:33] {dino} yes and for msb too
[11:33] {Threei}  take care stewy
[11:34] {ese} stew......cook up a storm somewhere eh
[11:34] {ese} tks
[11:38] {Threei}  X, anotger rinse... unbelievable
[11:39] {dino} out mos .90, +.40
[11:41] {Threei}  cool beans
[11:41] {RonS} good day issues = late are things.
[11:41] {Threei}  nasty day Ron
[11:41] {nemo} excremently
[11:42] {Threei}  you are lucky
[11:42] {Threei}  one of those I wish I lsept in {G}
[11:42] {Threei}  ruinse after rinse
[11:42] {ese} nice dino
[11:42] {dino} thx
[11:46] {dino} magoo dcc
[11:55] {dino} msb db
[11:58] {RonS} aks...10k jan 19 call purchase...aggressive $80,000 bet
[11:58] {Threei}  (GR) Moody's places Greece rating on downgrade review; multi-notch downgrade would be possible- Moody's decision to initiate this review was prompted, despite significant progress in implementing a very large fiscal consolidation effort, by the increased uncertainty over (1) Greece's ability to reduce its debt to sustainable levels given the recent substantial upward revision in debt levels; (2) the substantial revenue shortfall that we have observed in 2010; and (3) the level and conditions of ongoing support that would be available to Greece in the event that its market access remains cut off.
[11:58] {dino} re-load .05 msb sm l
[11:59] {nemo} support at .50 below this
[12:03] {Threei}  IMF's Strauss Kahn: Europe needs cooperation or the crisis will continue indefinitely; EMU needs to restore growth - PBS interview- Europe needs to get new crisis framework in place in early 2011. - US Fed's QE2 progam will be good for growth. - Reiterates China should allow its currency to appreciately slowly; a sudden large move in the yuan would cause a shock.
[12:16] {Threei}  which way this standoff will resolve?
[12:16] {nemo} veco
[12:16] {dino} up
[12:18] {ese} zzzzzzzzzzzzzzzzzzzzzz..................head snaps back.......creating spinal cord injury
[12:19] {dino} try msb es
[12:20] {ese} will do
[12:20] {ese} hmmmmmmmmmmmmm  
[12:20] {dino} dorm uv after -10 death over last few days
[12:21] {dino} josb maybe get some back, lost about 10 too
[12:21] {dino} oppps jobs
[12:26] {dino} out msb .19, +1.14
[12:26] {nemo} veco
[12:27] {dino} 41.21 veco supp
[12:27] {Threei}  Las Vegas Sands Corp Exec: denial of expansion in Macau's Cotai Strip was "not much of a setback," still a lot of room for growth in our portfolio of properties - CNBC- See potential for positive developments in Japan and Spain next year.
[12:27] {Threei}  lvs
[12:27] {dino} two days ago'
[12:28] {nemo} .98 pivot support below that
[12:31] {nemo} I got support around .49 now
[12:31] {nemo} frickin pivot support bounce
[12:32] {dino} feels lower
[12:34] {nemo} there is intermediate pivot suport at .59 too
[12:35] {dino} perhaps exp games to 40s
[12:35] {nemo} aig doing the slow climb
[12:36] {dino} msb .45 has been resis
[12:36] {dino} giddy up
[12:37] {dino} sm l .50 trig
[12:40] {Threei}  LULU
[12:41] {Threei}  lookss breaky
[12:41] {nemo} ew
[12:41] {nemo} sorry
[12:42] {nemo} msb lunchtime break
[12:43] {nemo} bounce near 46?
[12:44] {Threei}  if it gets there...
[12:44] {Threei}  {LULU} so what did you call me?
[12:44] {dino} f'k missed dorm
[12:44] {Threei}  she is talking to you nemo
[12:44] {dino} rally
[12:45] {dino} all green
[12:45] {Threei}  (US) CNBC's Kelly: Today's insider trading arrests are likely phase one, sees more arrests coming later this month (related XLF )
[12:47] {nemo} Spy wants to test the highs today
[12:47] {dino} thru them
[12:48] {dino} s&p
[12:59] {nemo} Veco broke downtrend for the moment
[12:59] {dino} jobs sm l ave .35
[13:00] {nemo} Back to the Rorschach test
[13:00] {nemo} Wow this voice recognition software spells Rorschach correctly
[13:01] {Threei}  must be crazy software
[13:02] {RonS} depends on how you look at it...
[13:02] {Threei}  through the napkin?
[13:02] {nemo} Anybody see the movie, the watchmen?
[13:02] {dino} no
[13:02] {nemo} Great movie
[13:06] {magoo} .
[13:15] {Threei}  MSB looks like going for 48
[13:15] {dino} 50
[13:16] {nemo} VWAP is .34
[13:16] {nemo} That was nice
[13:17] {nemo} X. dropping
[13:19] {dino} veco lod
[13:19] {nemo} Probably too .96
[13:21] {nemo} Knife catching anyone
[13:23] {dino} waiting at .60
[13:25] {ese} L rvbd .94
[13:26] {nemo} BIDU hugs, 99
[13:30] {dino} out veco .20, +.60 ty nemo for heads up
[13:30] {nemo} sure, living vicariously today
[13:31] {dino} out msb .55, +1.05
[13:32] {nemo} Why out.  Looks like 48 easy
[13:32] {dino} 3 for 4 on it, pullbacks are big
[13:32] {ese} very very nice.......lika fina wina
[13:32] {ese} dino
[13:33] {dino} lucky
[13:33] {dino} veco may re-test
[13:33] {nemo} Holding in this market drop
[13:36] {dino} it is
[13:37] {dino} a should've moment
[13:41] {dino} veco took off
[13:41] {nemo} Spy should make the run now
[13:45] {dino} athn drop
[13:48] {ese} one can only hope dude
[13:49] {nemo} ar
[13:50] {nemo} drops63
[13:50] {nemo} nevermind pivot support at .97
[13:53] {ese} spy's gotta break .90
[13:53] {RonS} Athenahealth sees FY11 adjusted EPS 68c-78c vs. consensus 85c
[13:54] {RonS} bcsi
[13:55] {dino} thx
[13:55] {nemo} aig going ballistic
[13:55] {dino} elliott assoc 6.4% stake bcsi
[13:56] {RonS} thx...who are they?
[13:57] {ese} whaaaaaaaaa the ffffffff
[13:57] {dino} no idea
[13:57] {RonS} ese still in rvbd?
[13:57] {ese} ya
[13:58] {ese} had 250 in my pocket and shoulda taken it
[13:58] {RonS} looks like it wants to break out and run...
[13:58] {ese} then i wish it would bloody well get on with it
[14:00] {RonS} look at the five day 10 min...not a popper...slow riser
[14:00] {ese} hmmmmmmmmmm
[14:02] {ese} i've been following the 15min ch with it
[14:09] {RonS} V
[14:10] {Threei}  V Visa and Mastercard move higher on press report of Fed issuing proposal on interchange fees
[14:15] {nemo} WHat up with crk?
[14:15] {RonS} Comstock sees higher 2011 spend; backs liquids focus       12/16 08:16 AM
[14:17] {RonS} ...reading the entire report, crk, i do not understand this selloff
[14:18] {RonS} may be that those that want a pure gas play are moving on...
[14:18] {Threei}  wow V
[14:19] {RonS} ya 3i, that thing i posted was a pure hafd the real deal...which was nothing...
[14:22] {ese} outta here see ya tomorrow
[14:22] {magoo} bye ese
[14:22] {dino}  msb sm l .11
[14:22] {RonS} cya ese
[14:23] {dino} cya es
[14:23] {Threei}  take care ese
[14:23] {RonS} nemo, see any V support?
[14:26] {RonS} do dee doo...feeling like jr...
[14:27] {dino} gap 73.84 v
[14:29] {nemo} Took AIG with it
[14:29] {dino} gap 73.84 v
[14:30] {dino} v sm l .00
[14:30] {nemo} Knife catching while bungee jumping
[14:30] {dino} that sucked
[14:30] {nemo} Need Vaseline
[14:31] {nemo} ?
[14:32] {nemo} .92 support
[14:32] {nemo} Nope
[14:32] {nemo} Next is pivot support 06
[14:33] {Threei}  wow
[14:33] {nemo} Spy
[14:34] {RonS} 0.06 nemo?
[14:34] {nemo} Yes Ron
[14:34] {RonS} lol
[14:34] {nemo} At 72.06
[14:35] {nemo} At got to .10
[14:36] {RonS} come on nemo, ya missed it by 4 cents...
[14:36] {nemo} That's why I'm stopped out today
[14:37] {Threei}  bounce time soon
[14:37] {Threei}  almosy
[14:37] {nemo} It's holding above the pivot support
[14:37] {RonS} maybe...
[14:37] {nemo} Yeah so far
[14:39] {nemo} It's like everything else has stopped trading to watch the
[14:39] {nemo} V
[14:40] {nemo} Long hair stop under 50.  Just joking
[14:40] {Threei}  often happens when unusual move comes along
[14:40] {nemo} Moment of truth
[14:40] {dino} gap 70.98
[14:41] {dino} ma -14
[14:41] {RonS} Fed staff proposes 12-cent cap on debit card fees       12/16 12:38 PM
[14:42] {RonS} The Fed board is expected to vote shortly on the staff proposals, with a comment period that would end Feb. 22
[14:42] {RonS} why does Fed decide this?
[14:42] {Threei}  Visa Inc. Visa and Mastercard move higher on Fed issuing proposals on interchange fees; lays out two proposals for capping debit card fees- With respect to the interchange fee standards, the Board is requesting comment on two alternatives that would apply to covered issuers: (1) an issuer-specific standard with a safe harbor and a cap, or (2) a cap applicable to all such issuers. The proposed rule would additionally prohibit circumvention or evasion of the interchange fee limitations (under both alternatives) by preventing the issuer from receiving net compensation from the network (excluding interchange fees passed through the network). The Board also is requesting comment on possible frameworks for an adjustment to interchange fees for fraud-prevention costs. With respect to the debit-card routing rules, the Board is requesting comment on two alternative rules prohibiting network exclusivity: one alternative would require at least two unaffiliated networks per debit card, and the other would require at least two unaffiliated networks for each type of transaction authorization method. Under both alternatives, the issuers and networks would be prohibited from inhibiting a merchants ability to direct the routing of an electronic debit transaction over any network that may process such transactions.
[14:43] {Threei}  Under Alternative 2, an issuer would comply with the standard for interchange fees as long as it does not receive or charge a fee above the cap, which would be set at an initial level of 12 cents per transaction. Each payment card network would have to set interchange fees such that issuers do not receive or charge any interchange fee in excess of the cap. - EFTA Section 920 requires the Board to establish interchange fee standards and rules prohibiting circumvention or evasion no later than April 21, 2011. These interchange transaction fee rules will become effective on July 21, 2011.
[14:44] {dino} what are they charging currently?
[14:44] {nemo} Varies
[14:45] {Threei}  I am not exactly sure how we consumers are going to get screwed up in this, but they'll find the way
[14:47] {nemo} Throw out the women and children first
[14:51] {Threei}  new low would suprpise me
[14:51] {Threei}  feels like bottom is in
[14:52] {Threei}  in small shares
[14:52] {Threei}  stop under .70
[14:53] {Threei}  nope
[14:53] {nemo} Candles dropping
[14:54] {Threei}  needas more washout
[14:55] {dino} filled gap
[14:56] {Threei}  AXP is strangely quiet
[14:57] {Threei}  down but nothing of this scale
[14:57] {RonS} amazing...on something that will not be decided until March...
[14:57] {nemo} Let's try .28
[14:57] {RonS} axp, no debit cards 3i...
[14:57] {nemo} Nope
[14:57] {Threei}  oh I see
[14:58] {nemo} Spy coming into support
[14:58] {dino} what's next, govt determines how much you can make in a day. this is getting out if hand
[14:59] {nemo} Somewhere between 100 and 200 rubles
[14:59] {dino} next we'll have price controls
[14:59] {nemo} Will pretend to work, and they'll pretend to pay us
[14:59] {nemo} This is kind of like watching a bad car accident
[15:00] {dino} i suppose mcdonalds will have to keep it's value meal under minimum wage
[15:00] {Threei}  and don't forget calories count
[15:01] {RonS} it's good to be the King...i mean Fed bureaucrat
[15:01] {nemo} Oh yeah, no trans-fats or soda
[15:01] {dino} it's madness what's being done to business
[15:01] {RonS} M Obam...everyone's mama...
[15:02] {Threei}  hey, if I say "wow V" will it be very redundant?
[15:02] {dino} "all knowing"
[15:05] {RonS} man, had to close my platform...the V screen was cuasing my computer to smoke...
[15:05] {nemo} M.A. down 30 points
[15:06] {Threei}  new low is coming
[15:07] {dino} lol
[15:07] {Threei}  unfrkinbelieavable
[15:07] {nemo} eqzaktly
[15:08] {larisa} what is?
[15:09] {Threei}  the scale and ferocity of selloff
[15:09] {nemo} I'm ascared
[15:09] {magoo} 65 strike?
[15:10] {Threei}  I can't believe it'd get there but I can't beliebe it for the last 10 points, lol
[15:10] {Threei}  5
[15:10] {Threei}  15 if we are talking MA
[15:17] {dino}  just a proposed law, feb vote, will not happen
[15:18] {dino} seems sell the rumor
[15:22] {nemo} Interesting V down 10%, but no circuit breaker
[15:22] {Threei}  yeah, what's up with that
[15:23] {magoo} believe must fall faster than that to trigger
[15:27] {dino} bpt
[15:30] {magoo} any thoughts RIMM report vad?
[15:30] {magoo} gun to your groin lol
[15:30] {Threei}  hmmm
[15:31] {Threei}  why do I suddenly lose all ability to think, lol
[15:31] {Threei}  rather downbeat
[15:36] {davd} proposing a 12-cent cap on the fees merchants pay for debit card transaction
[15:36] {davd} that seems pretty harsh, but i'm happy for the small businesses
[15:37] {Threei}  I think most are concerned with credit cards more
[15:37] {nemo} Problem is,they're like utilities...they got you by the balls
[15:38] {RonS} ...the dough will go to the banksters dave...the merchants will see none of it
[15:39] {dino} i think the problem is govt needs to get out of the way. they go after business after business
[15:39] {dino} pretty soon you won't be able to fly, use a credoit card, get gas/oil, have a bank acct, etc
[15:40] {dino} "get out of the way" john galt
[15:41] {RonS} ian rand
[15:41] {dino} ayn
[15:41] {nemo} She'll be pissed
[15:41] {RonS} the ayn in spain will simple cause a pain...
[15:42] {RonS} she looked like an ian...
[15:42] {RonS} :D
[15:43] {dino} lol
[15:47] {Threei}  quite a move
[15:47] {Threei}  totally distracted whole market
[15:47] {Threei}  still, why didn't they halt it?
[15:47] {Threei}  circut breaker broken?
[15:47] {magoo} just once wish i was short something like that at top
[15:48] {magoo} drop was not fast enough vad
[15:50] {Threei}  so, do we wait for RIMM?
[15:51] {Threei}  V more selling
[15:53] {Threei}  overall, I have to say, this was prbably my worst day in months
[15:54] {magoo} yes to rimm
[15:54] {Threei}  who feels like kicking me, go ahead, you may not have such chance for a few months more {G}
[15:54] {Threei}  OK mags, will wait for it if not too long
[15:54] {dino} can't my week is still neg
[15:54] {Threei}  Mon and Tues were great
[15:55] {dino} not here
[15:55] {Threei}  yesterday questionable, barely positive
[15:55] {Threei}  today is Costanza trading day
[15:56] {Threei}  and all that was needed: short V at the moment of the news, faint for 10-15 min, come out of it abd cover
[15:56] {RonS} UBS Investment Research wrote in a note that at first glance it appears the 12 cent cap will drive down average debit interchange rates about 75%. This is worse than the 40% to 60% decline the Street expected.
[15:57] {RonS} UBS says it believes the ultimate impacts to both companies will be manageable--no more than about 10% earnings-per-share headwind.
[15:57] {dino} out brk/b +.23
[15:57] {RonS}  Also of interest is to what extent issuers will try to pressure Visa and MasterCard (MA:$223.9900,$-25.2300,-10.12%) network fees to help offset lost interchange revenue.
[16:00] {Threei}  ORECL good report
[16:00] {Threei}  ORCL
[16:01] {Threei}  ORCL Reports Q2 $0.51 v $0.46e, R$8.6B v $8.3Be
[16:01] {Threei}  TTWO halted
[16:01] {Threei}  RIMM drops
[16:02] {harth} cya Fri! Enjoy the evening!
[16:03] {Threei}  bye harth
[16:03] {Threei}  come on RIMM report
[16:05] {Threei}  hmmm... nothing yet
[16:08] {Threei}  TTWO Reports Q4 $0.67 v $0.31e, R$373.7M v $325Me
[16:08] {magoo} wow
[16:08] {magoo} gap up comith
[16:08] {Threei}  not sure
[16:08] {Threei}  look next:
[16:08] {Threei}  Guides Q1 EPS -$0.60 to -$0.50 v -$0.04e, R$100-150M v $208Me - Guides FY11 EPS $0.50-0.65 v $0.88e, R$1.0-1.1B v $1.1Be
[16:09] {Threei}  that's yuck
[16:11] {Threei}  here's rimm
[16:11] {Threei}  esearch in Motion Ltd Reports Q3 $1.74 v $1.65e, R$5.5B v $5.4Be
[16:11] {Threei}  RGuides Q4 $1.74-1.80 v $1.61e, R$5.5-5.7B v $5.5Be
[16:11] {RonS} Record BlackBerry(R) smartphone shipments of 14.2 million grew 40% over
[16:11] {Threei}  nice
[16:12] {Threei}  who said blackberry was dead oudated tech?
[16:13] {Threei}  - Q3 net new Blackberry subscriber adds 5.1M v 4.5M q/q
[16:13] {RonS} what a whip!
[16:13] {Threei}  ok, it is dead and outdated
[16:16] {Threei}  OK guys, taking off
[16:16] {dino} you'd think they missed
[16:16] {Threei}  have a gfood evening, see you tomorrow
[16:16] {magoo} ok ty
[16:16] {Threei}  no kidding
[16:17] {Threei}  I see no single negative in report
[16:17] {larisa} bye all!
[16:17] {Threei}  there is one
[16:17] {Threei}  gross margings
[16:18] {Threei}  Q3 gross margins 43.6% v 44.5% q/q
[16:18] {Threei}  big deal
[16:18] {Threei}  shrug
[16:22] {dino} gn