Jan 29 2010

Profitable end to the week, with early long on WFC and a few trades on both sides later on. Still somewhat unusual number of invalidated trades, but those don't bother me all that much since they don't cost us a cent.

Session Time: Fri Jan 29 00:00:00 2010

[07:54] {_moeberry} Gm everyone

[07:54] {nemo} do I have to be nice Vad?

[07:55] {_moeberry} Hey, who makes the calls here?

[07:56] {Threei} Good morning

[07:56] {nemo} Vad is chief caller...different styles exist in this room, you see someone make a call, you like the trade, you take it

[07:56] {Threei} nice? you?

[07:56] {Threei} I'd be scarred for life if I ever saw that

[07:57] {nemo} so, shoul I wait on the trouting?

[07:57] {Threei} what am I, your dad?

[07:57] {Threei} do whatever you please, and leave it to me to decide when you crossed the line so I could kick you out

[07:59] {nemo} great...leaves me a lot of latitude

[08:03] {Les} be nice nemo

[08:04] {Les} good afternoon _moe

[08:04] {Les} hey vad

[08:04] {_moeberry} Gm Les

[08:04] {nemo} hi moeberry

[08:05] {_moeberry} Hi nemo

[08:05] {_moeberry} how are you

[08:05] {Threei} hi Les

[08:05] {nemo} another day in paradise

[08:05] {nemo} as long as I take my meds

[08:05] {Threei} [08:03] {Les} be nice nemo {--- why, Les? was anyone nice to you ate the beginning??

[08:05] {Threei} at

[08:06] {Les} never to late to change this mad house

[08:06] {Les} too

[08:06] {Les} I'm only nice cause I don't have Mirc, otherwise I'd be slapping everyone too

[08:07] {nemo} send me the ticke vad

[08:07] {nemo} ticket

[08:07] {Threei} ticket?

[08:07] {nemo} to Switzerland

[08:08] {Threei} AMZN Price Target raised to $160 from $150 at Jefferies, maintains Buy rating

[08:08] {nemo} yeah, and it's not moving in the pre market

[08:09] {Threei} well, whatever analysts say, AMZN will be imacted by AAPL's tablet launch

[08:09] {Threei} the scope of this influence is to be seen yet

[08:11] {Les} They'd never let you in the country Nemo

[08:11] {nemo} they have many times before

[08:12] {Les} MAT coming down after its decent earnings report

[08:12] {Threei} (US) Preview: Q4 Employment Cost Index expected at 8:30am

[08:12] {Threei} - consensus expectations at 0.4%e v 0.4% prior

[08:12] {Threei} 08:11 (US) Preview: Q4 Advanced GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:12] {Threei} US) Preview: Q4 Advance GDP Annualized and Personal Consumption due at 8:30 a

[08:13] {Les} employment cost index? they talking about wage inflation?

[08:14] {Threei} poractically yes

[08:19] {Les} seeking alpha didn't offer much in the way of pre market interest. anything on your list today vad?

[08:20] {Threei} not yet, failry quiet morning

[08:20] {Threei} but I promise to share when I see something

[08:21] {Les} :)

[08:23] {Les} Dino has changed the way I look at winnings

[08:23] {nemo} weird my charts show them a buck lower than yesterday on the QQQQs and SPYs, but the quotes are higher...go figure

[08:24] {Les} before it was +.05 or +.15 etc

[08:24] {Les} QCOM changed that yesterday

[08:24] {Les} +.31, +.34

[08:24] {Threei} you are impressionable, aren't you...

[08:24] {Les} high risk, but suitable reward

[08:25] {Threei} let me ask then, why my call on CAT didn't change it?? :)

[08:25] {Les} hey, those are big numbers for this newby

[08:25] {Les} wasn't here

[08:25] {Threei} low risk, just 15 cents

[08:25] {Threei} and went for 50 cents

[08:25] {Threei} and closer to a dollar for Ilana

[08:25] {Les} your cat trade would have made my day

[08:25] {Les} but was out doing taxi service for children

[08:25] {Threei} ah children

[08:25] {Les} followed by wine degustation

[08:26] {Threei} in some parts of the globe also known as spine-chewers

[08:26] {Les} I like wine a lot

[08:26] {Les} but I know now that I prefer to trade even more

[08:26] {Les} I won't leave screen for future degustations

[08:28] {Les} at least yesterday ended green. I could mess around with QCOM and still walk away without losing my shirt

[08:30] {Threei} US) Q4 ADVANCE GDP Q/Q ANNUALIZED: 5.7% V 4.7%E; PERSONAL CONSUMPTION: 2.0% V 1.8%E

[08:30] {Threei} US) Q4 EMPLOYMENT COST INDEX: 0.5% V 0.4%E

[08:30] {Threei} *(US) Q4 ADVANCE GDP PRICE INDEX: 0.6% V 1.3%E; CORE PCE Q/Q: 1.4% V 1.3%E

[08:31] {Threei} KERX Announces Positive Phase 2 Study Results of Perifosine as a Single Agent for the Treatment of Advanced Waldenstrom's Macroglobulinemia (2.76, 0.00, 0.00%)

[08:45] {Threei} KERX is almost all the way back

[08:47] {Threei} weirdo.... useless probably

[08:47] {Threei} news is not thatg earth0shuttering either

[08:48] {nemo} amzn beginning to move

[08:52] {nemo} wow, spy just had quite a run of volume

[08:52] {nemo} wtf?

[08:53] {nemo} looks like the bernanke rally this morning

[08:54] {fernp} Good morning everybody

[08:55] {Threei} fern :)

[08:55] {larisa} gm :)

[08:55] {Threei} larisa :)

[08:55] {larisa} fern, nemo, vad :)

[08:55] {Threei} I don't know how much it has to do with him, nemo

[08:55] {Threei} his confirmation was never really in question, IMO

[08:55] {Threei} some posturing by political figures, that's all

[08:56] {nemo} alright...the ppt is at it again....better

[08:56] {i2romantis} gm all :)

[08:56] {Threei} ir2 :)

[08:57] {strider} fcx lvl 2 not right.

[08:57] {strider} or not with chaert and t&s

[08:58] {strider} t&s and chart seems stuck

[08:58] {Threei} TM Follow up: US House Energy and Commerce Committe to hold hearings on sticking pedal issue in Feb, 2010

[08:58] {Threei} hearings?

[08:59] {Threei} what do poiticans have to say about this?

[09:00] {Threei} (US) Obama Administration plans to create commission to examine the future of nuclear waste storage (related SO CEG FPL USU CEI.FR )

[09:01] {Threei} plans to create commissions - does it mean they create commitee to study the necessity to create commissions?

[09:05] {Threei} BCRX WBB Securities Initiates BCRX with Buy, price target: $8.50

[09:07] {Threei} CNN: "as long as driver knows how to stop the car"...

[09:07] {Threei} who the hell gives driver lisenses to people who don't???

[09:09] {larisa} so how do you stop it if pedal got stuck ? :)

[09:09] {larisa} {just checking if vad reallly knows}

[09:10] {nemo} put your feet on the ground like Fred in the Flintstones

[09:10] {larisa} lol

[09:10] {strider} look for a large tree.

[09:11] {Les} ram the car in front of you

[09:11] {Les} and then sue toyota for 10 million

[09:15] {Les} fake bids on KERX .85?

[09:15] {Les} fake offers sorry

[09:21] {ese} good morning

[09:22] {fernp} gm ese

[09:22] {Threei} ese :)

[09:22] {Threei} larisa, I didn't know but CNN explained...

[09:22] {ese} fern...vad

[09:22] {Threei} they created a song

[09:22] {Threei} "hit the brake, switch to neutral"

[09:23] {Threei} or something like that

[09:23] {ese} sold ek yesterday at .81 +.19 on 20k around 2:30

[09:23] {strider} WFC nice consol

[09:25] {ese} am still in cien....added some

[09:27] {lasertrev} good morning

[09:27] {Threei} trev :)

[09:27] {nemo} hey trev...how come my qqqq and spy chart show lower data, and quotes show them up?

[09:28] {ese} trev

[09:28] {strider} morning everyone.

[09:28] {lasertrev} let me look in to it nemo

[09:29] {ese} st

[09:29] {Threei} strider :)

[09:29] {fernp} gm st

[09:29] {strider} :)

[09:29] {nemo} dude, dunedin

[09:29] {ese} dude

[09:29] {strider} my QQQQ quotes and charts are in line, nemo

[09:29] {nemo} lucky you

[09:30] {strider} FCX was stuck for awhile, but it go' be'er

[09:30] {Threei} Long Setup: WFC .50 break

[09:31] {nemo} hwo about .48 break

[09:31] {Threei} yup

[09:31] {Threei} .35 support for stop

[09:31] {Threei} .40 for hard core scalpers

[09:31] {nemo} ha, missed it

[09:32] {_moeberry} I don't get it. when u said long WFC .50 we buy @ .50?

[09:32] {Threei} needs a little market help

[09:32] {Threei} has a lot of potential

[09:32] {nemo} break of .50 moe

[09:32] {dino} gm all

[09:32] {Threei} dino :)

[09:33] {Les} dino ciao

[09:33] {dino} :)

[09:33] {Threei} moe, sorry, let's get into theory after the morning rush is over

[09:33] {_moeberry} sure

[09:33] {_moeberry} thanks

[09:34] {Threei} market is not very cooperative

[09:34] {Threei} let's trail to under .40

[09:36] {Les} out flat

[09:37] {dino} chicago pmi at 9:45

[09:37] {ilana} some news are coming out, market is nervious

[09:38] {_moeberry} Market has been nervious, because obama got pissed of why martha coakley didn't win lol

[09:39] {Threei} US) White Econ Advisor Romer: Should not read too much into a single report on the economy as there will be further bumps down the road

[09:39] {Threei} now, if report was positive... then we would be encouraged to read it as a sign of recovery

[09:39] {dino} confidence inspiring

[09:39] {Threei} WFC 1:1 for scalpers

[09:40] {fernp} ty Vad

[09:40] {Threei} fern is a scalper... who would have thought

[09:40] {nemo} say it ain't so...

[09:41] {Threei} your world is crashing nemo?

[09:41] {nemo} sniff

[09:41] {fernp} my mother doesn't know it

[09:41] {Threei} we won't tell

[09:41] {nemo} ay carumba

[09:41] {fernp} thanks a lot

[09:41] {Threei} stop to under .45 on WFC

[09:42] {Threei} time to tighten risk to "ridiculously small"

[09:42] {Threei} PMI is good

[09:42] {Threei} 1:1 for daytraders

[09:42] {Threei} half out, stop to under breakeven

[09:43] {Les} nice one on wfc

[09:43] {Threei} have some faith Les, will ya... what's with desire to accept no risk whatsoever

[09:44] {Threei} cutting risk down to zero you simply take yorself out of the game

[09:44] {Threei} and as stupid coaches say, have to be in to win

[09:44] {Les} right. anecdotal observation that opening trades go wonky on me. but the evidence before me suggest otherwise

[09:44] {nemo} well, wfc is establishing new support

[09:45] {dino} ytec sm l .60

[09:45] {Threei} WFC took out that enormous offer at .48, to which nemo referred wiht his question at the time

[09:45] {nemo} big offer at .65

[09:45] {Threei} that alone earned it some respect

[09:45] {Threei} US) JAN CHICAGO PURCHASING MANAGERS: 61.5 V 57.2E

[09:46] {Threei} offer 1/4 more at .76

[09:47] {dino} crm sm l .06

[09:48] {Threei} URRE... trying to move on that nuclear news

[09:48] {Threei} US) Obama Administration plans to create commission to examine the future of nuclear waste storage

[09:48] {Threei} - administration aims to increase loan guarantees for new reactors to more than $55B.

[09:50] {Threei} US) Preview: Jan Final University of Michigan Confidence due out at 09:55ET

[09:50] {Threei} **consensus expectation: 73.0e v 72.8 prelim

[09:50] {Threei} 1/4 more out WFC

[09:51] {Threei} stop for the last portion to under .60

[09:52] {dino} esi blood

[09:53] {dino} sm l .38

[09:53] {ese} what err ya thinkin dino

[09:54] {ese} that answers that

[09:54] {dino} a buck or two

[09:54] {ese} L esi .45

[09:54] {dino} stop is .99

[09:54] {Threei} ok, let's get more aggressive

[09:55] {Threei} stop to under .70

[09:55] {ese} i'll go with that for

[09:55] {Threei} and let's see if we get spike to or over .90

[09:55] {ese} 500 shs

[09:55] {Threei} to exit last part

[09:55] {dino} at 300 here

[09:55] {Threei} US) JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 74.4 V 73.0E

[09:55] {Threei} - 1 yr median inflation expectations at 2.8% v 2.1% Dec final.

[09:55] {Les} s slw .23

[09:57] {Threei} I want to short GLD badly

[09:57] {Les} slw is a bit safer for me

[09:57] {Threei} .50 is tempting support to break

[09:58] {Threei} not a nice stock on this kind of breaks though

[09:59] {Les} AUY getting squeezed too.

[09:59] {dino} giddy-up esi

[09:59] {Threei} I swear it goes to 105 today...

[09:59] {Threei} and quite possibly lower

[09:59] {dino} watch your mouth

[09:59] {Les} what GLD?

[09:59] {Threei} but finding entries on this one is a real PIA

[09:59] {nemo} quote server please

[09:59] {Threei} 18

[10:00] {ese} esi vad? 105

[10:00] {nemo} ty

[10:00] {Threei} I was talking about GLD ese

[10:01] {ese} tks

[10:01] {Threei} TM Follow up: European recall of eight models could include up to 1.8M vehicles (77.31, -0.36, -0.46%)

[10:02] {strider} CELM open IPO

[10:02] {ese} am loving my cien position right now

[10:02] {Threei} China Electric Motor

[10:02] {Threei} US) President Obama sets a 28% cut for emmissions for the US Government by 2020

[10:02] {Threei} sigh

[10:03] {Threei} AONE Hearing strength attributed to rumor of supply contract (17.35, +0.74, 4.46%)

[10:03] {Les} it can be done. build shoddy new generation of reactors ASAP

[10:04] {ese} man esi bounces around.....big quote swings.....that normal dino

[10:04] {Threei} [CELM] To offer 2.3M shares of common stock in IPO

[10:04] {Threei} that's all?

[10:04] {fernp} IBN, Vad?

[10:04] {fernp} 36 break?

[10:04] {Threei} I doubt it

[10:05] {fernp} ok

[10:06] {fernp} and DIS, Vad?

[10:07] {Threei} for a scalp, could be, if market helps

[10:07] {fernp} ty

[10:08] {dino} yes es

[10:09] {Threei} Short Setup: GLD .50 break half lot

[10:09] {Threei} if stays under .70

[10:10] {Threei} GS Hearing Meredith Whitney making positive comments (151.99, -1.30, -0.85%)

[10:10] {Threei} wow... someone has anythiong positive to say about GS

[10:10] {Threei} that's new

[10:11] {Les} she a GS spokesperson is she?

[10:11] {Threei} hmm?

[10:11] {Les} paid spokesperson. thought she was independent analyst.

[10:11] {Threei} yes

[10:12] {Les} these friggin PM miner's don't wanna go down

[10:12] {Threei} how is she paid spokesperson

[10:13] {Threei} hearing Whitney speculates that Goldman will give up its Bank charter status soon to avoid new stricter rules on banks.

[10:13] {Threei} - Note: Whitney cut her GS estimates to inline with consensus on 1/5 before the 1/21 earnings

[10:14] {Threei} GLD, aggressive entries are still the best for it, but it's almost impossible to find the stop level for those

[10:14] {nemo} entry at .70 on the trend would have implied, to my deranged mind, a stop above .80

[10:15] {Threei} entry near .70 would be ideal, yes

[10:15] {Les} AUY and SLW remain alternative vehicles for shorting. but none want to go down. somethings got to give

[10:16] {nemo} spy has that inverted H&S look

[10:16] {Threei} NFLX... thing knows no limits

[10:16] {dino} spain unemployment 18.8%

[10:17] {Threei} GLD invalidated for now

[10:17] {nemo} maintained trend though

[10:17] {Threei} yes

[10:18] {Les} gld about to encounter 50 ma on 1 min. could come down quicker than anticipated.

[10:18] {ese} i'd like to repeat dinos giddy-up esi!!!

[10:19] {dino} not working

[10:19] {dino} stop is .99

[10:20] {nemo} it's also about to break trend but because of that 8.51 spike in volume I can't tell what's upp

[10:20] {dino} ioc down again

[10:20] {ese} yep.....i've got that hard wired

[10:21] {Threei} Long Setup: X .20 break half lot

[10:21] {nemo} ops

[10:21] {Threei} wait for pullback

[10:21] {ese} saved by the bell

[10:21] {Threei} jumped a bit too fast

[10:22] {Threei} C&H

[10:22] {Threei} 1:1...

[10:22] {Threei} not muchg chance for entry

[10:22] {Les} stopped slw

[10:24] {ese} funny.....escaping with the hair on my chinny chin chin

[10:24] {dino} so far

[10:24] {ese} moved my stop to .95.....just a tad more wiggle room

[10:24] {dino} .97

[10:24] {ese} couple of bucks ain't gonna hurt me

[10:24] {dino} stoped

[10:24] {dino} stopped

[10:24] {ese} same clipped

[10:24] {nemo} 'ally today

[10:24] {dino} i will try a buck or so lower

[10:25] {dino} crm good girl

[10:25] {fernp} DIS 1:1

[10:25] {nemo} db would be above .79

[10:26] {Les} POG rising rapidly

[10:26] {Les} $pog

[10:26] {nemo} 200 ma right here

[10:26] {dino} crm out .08, +1.02

[10:26] {fernp} SOA, Vad?

[10:27] {Threei} not delighted

[10:27] {fernp} ok ty

[10:28] {dino} tough crowd

[10:29] {ese} lol

[10:29] {larisa} sensitive man :) gj dino

[10:29] {Threei} just fuill of jealousy dino

[10:29] {dino} lol

[10:29] {Threei} if we pretend we don't see it, we convince ourselves it didn't happen

[10:29] {dino} ytec to .84

[10:30] {ese} look at that bees hivin thing dino

[10:30] {Threei} watch X for possible hard pullback into 47

[10:30] {ese} big buy ins too

[10:30] {Threei} new long entry for bounce if that happens

[10:30] {dino} ?

[10:30] {ese} esi

[10:31] {dino} ohh

[10:31] {ese} well at least too big volume bars

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 238M shares, about 5% below its three-month average; advancers lead decliners by 5.5:1.

[10:31] {Threei} - NASDAQ volume 620M shares, about 25% above its three-month average; advancers lead decliners by 3.1:1.

[10:31] {Threei} - VIX index -3.75% to just under 23.00

[10:31] {fernp} AA, Vad?

[10:32] {fernp} 30 break?

[10:32] {dino} was feeling 100s esi after that break. felt like magnet, but i was wrong

[10:32] {Threei} I'd like to see couple more min of consolidation first

[10:32] {fernp} ok

[10:33] {dino} ioc 78 to 62 in 5 days

[10:33] {Threei} Short Setup: VXX .10 if stays under .20

[10:34] {Threei} .12 meltdown/break is a trigger acvtually

[10:35] {Threei} AA becames better fern

[10:35] {fernp} watching it

[10:36] {ese} ioc....international olympic commision.......those buggars have a stock.....i hope the damn things tanks even more....christ it's costing us alot of tax dollars here ....ticks me off

[10:37] {ese} wrong ioc........?

[10:37] {fernp} VXX still valid, no?

[10:37] {dino} ytec to .00

[10:37] {Threei} yes

[10:37] {Threei} not anymore

[10:38] {fernp} :-)

[10:39] {dino} out ytec .05, +.45

[10:39] {nemo} esi dino

[10:40] {dino} hmmm

[10:40] {dino} heck of a 2 day drop

[10:40] {nemo} yeah, if not db here could go some more

[10:40] {dino} showing gap around 98

[10:41] {dino} wondering if that is the siren song

[10:41] {fernp} X, vad

[10:41] {dino} edu, apol hold well against it

[10:42] {nemo} volume

[10:42] {dino} ioc thoughts

[10:42] {Threei} X precision of the bounce is beyond crediblew

[10:42] {fernp} AA ready

[10:42] {Threei} 47 exactly

[10:43] {Threei} anyone took itz?

[10:43] {ese} siren song..........ya.....i like thats.....seems so much more hmmmmm humane

[10:43] {fernp} no here

[10:43] {larisa} but this was downtrend bounce. had to take 10:20 bounce to 47 :)

[10:43] {nemo} 60.60 area dino

[10:43] {larisa} this one had to be fast

[10:44] {nemo} could go to 60

[10:45] {dino} thx nemo

[10:45] {Threei} ok... moe, you here?

[10:46] {dino} moe money

[10:46] {strider} WFC dbl top

[10:46] {ese} moe betta blues

[10:46] {nemo} she ain't taking long to get there, is she dino

[10:47] {Threei} earth to _moeberry: let me know when you are here so I could answer your question from before

[10:47] {larisa} you need to create FAQ section or something :)

[10:48] {Threei} there is one

[10:48] {Threei} but who is reading it

[10:48] {larisa} lol

[10:48] {Les} there is?

[10:48] {nemo} yeah, but you have to be able to read Les

[10:49] {Threei} http://www.realitytrader.com/faq.html

[10:49] {Threei} http://www.realitytrader.com/freelessons.html

[10:50] {dino} nemo nice call 60.60

[10:51] {i2romantis} out YTEC +.45

[10:51] {Threei} nice

[10:51] {ese} gj i2

[10:51] {i2romantis} missed out on the early entry, but that worked out ok as well

[10:52] {dino} gj

[10:52] {i2romantis} thx :)

[10:54] {nemo} rimm declining trend to base, might be short

[10:55] {nemo} jumped over trigger

[10:55] {nemo} bastid

[10:56] {nemo} PMTFO

[10:58] {dino} poking my eyes w/hot nails for missing ioc entry

[10:58] {nemo} you like rimm .30 break if holds .20, on volume increase of course, and market

[10:59] {nemo} bounced right on pivot support dino

[11:00] {Threei} Toyota Motor Corp Reportedly Toyota expects to finalize its fix for recalled vehicles by early next week - unconfirmed report

[11:00] {Threei} - Reportedly Toyota management believes resumption of sales by the third week of Feb is a very optimistic forecast and assumes a smooth roll out of the accelerator fix. No decision yet on whether production idling at six North American plants will be extended past the one week halt planned for the first week of Feb.

[11:00] {Les} x ,80 b/d?

[11:01] {dino} esi in 100s

[11:01] {Threei} wow X

[11:01] {Les} crap

[11:03] {Threei} what Les?

[11:04] {Les} x

[11:04] {nemo} find the next one

[11:04] {dino} hey larisa, that 10,000 held yesterday

[11:04] {larisa} I changed my mind, you ara not a chicken :)

[11:05] {dino} lol

[11:05] {nemo} rooster

[11:05] {dino} being tame nemo

[11:05] {nemo} yeah

[11:06] {ilana} is VXX short ETF, moves in opposit direction?

[11:06] {nemo} no, it represents volatility not inverse of volatility

[11:07] {ilana} strange, it looks like it is moving in opposite way

[11:08] {nemo} qs about to keel?

[11:08] {Threei} nemo... say what?

[11:08] {Threei} represents volatility not inverse of volatility

[11:08] {nemo} qs near support look at X

[11:08] {Threei} not sure I understood

[11:08] {nemo} yeah it's not a short etf

[11:08] {Threei} oh, OK

[11:09] {Threei} Ilana, it tracks VIX in a way

[11:09] {nemo} if x drops .40 can go to .12

[11:10] {Les} slw .20 b/d with market help

[11:16] {fernp} WFC on highs

[11:17] {Threei} salmon

[11:17] {fernp} FAS falling, SPY falling, but WFC not

[11:18] {fernp} 29 break vad?

[11:19] {Threei} I think so

[11:19] {Threei} market reversal would make this trade better

[11:20] {_moeberry} when are we going to stay in a down market for?:(

[11:20] {Threei} hmm?

[11:20] {_moeberry} it's all your fault threei lool

[11:21] {dino} wow

[11:21] {Threei} almost everything is my fault

[11:21] {Threei} especially if you listen to my wife

06[11:21] * nemo slaps _moeberry around a bit with a large volume of RealityTrader Trading room Etiquette

[11:22] {dino} esi wants that gap

[11:22] {Threei} now, you want answer to youre earlier question, or you akready found it?

[11:22] {fernp} what is the question?

[11:23] {Threei} [09:32] {_moeberry} I don't get it. when u said long WFC .50 we buy @ .50?

[11:23] {dino} 3i, are wives must be related

[11:23] {nemo} are=our

[11:23] {fernp} aaaah!, easy one

[11:23] {dino} lol opps

[11:23] {_moeberry} no

[11:23] {Threei} I think most of them are...

[11:23] {_moeberry} please tell me

[11:23] {Threei} ok

[11:23] {_moeberry} what does that mean?

[11:23] {nemo} They're ALL sisters

[11:24] {Threei} our setups are structured in a way that tells you the trigger for entring,

[11:24] {_moeberry} Okay.

[11:24] {Threei} and sthe level where stop should be placed if a trade is triggered

[11:24] {Threei} or where the trade is invalidated if no trigger

[11:24] {Threei} Example:

[11:24] {Threei} Long Setup: SOMETHING .50 break if holding above .40

[11:25] {_moeberry} okay

[11:25] {Threei} Something breaks - .50 - you buy

[11:25] {_moeberry} ahhh I see

[11:25] {Threei} Something drops under .40 - take the stop,

[11:25] {_moeberry} so let's say

[11:25] {Les} s wfc small shares .83 stop hod

[11:25] {Threei} Something drops under .40 before breaking .50 - trade is cvanceled

[11:25] {_moeberry} XYZ is @ 15.20

[11:26] {_moeberry} and you made a alert on xyz .50

[11:26] {_moeberry} so I only buy if it reaches anything over .50?

[11:26] {Threei} formally, yes,

[11:26] {Threei} but

[11:26] {_moeberry} ahh

[11:26] {Threei} there are also different types of entry

[11:26] {_moeberry} and my stop will be .40 or under?

[11:26] {Threei} read this:

[11:27] {Threei} http://www.realitytrader.com/blog/2007/07/how-aggressive-are-you.html

[11:27] {_moeberry} okay sure.

[11:27] {_moeberry} Thanks

[11:27] {Threei} and overall, browse this:

[11:27] {Threei} http://www.realitytrader.com/blog/2009/12/blog-summary.html

[11:27] {Threei} a lot of your questions will be answered in there

[11:29] {ese} moeberry......vad hasn't mentioned the sharing nature of the board yet.........when you make a buy ...you buy an equal amount of shares for the rest of us and deposit directly into our accounts if there is a profit

[11:30] {Threei} actually, you deposit it into my account,

[11:30] {ese} i can see this now.....vad is staring at that post in utter horror

[11:30] {Threei} and I do the distribution for a small administrative fee of only $999.95

[11:30] {ese} wait a minute my fee was 2099.00....whats going on here?

[11:30] {dino} and i will gladly pay you tomorrow for a hamburger today

[11:31] {_moeberry} huh?

[11:31] {_moeberry} lol

[11:31] {Les} lol

[11:31] {ese} very intuitive dino.......and well said

[11:31] {Threei} you have a privileged price reserved for close friends and neighbors, ese

[11:31] {_moeberry} I didn't understand a word lol

[11:31] {Les} you did see my remarks about "mad house" this morning moe

[11:32] {ese} thats ok........we'd don't understand what were saying half the time either

[11:32] {Threei} (US) President Obama: formally unveils new jobs tax credit; job growth still lagging despite economic improvement

[11:32] {_moeberry} loooooool

[11:32] {_moeberry} ese

[11:32] {dino} welcome to the jungle moe

[11:32] {Threei} hey, look at this:

[11:32] {Threei} (US) US President Obama: Q4 GDP is a stark improvement, the data "affirms our progess" (related TLT SHY IEF )

[11:32] {Threei} told ya

[11:33] {Les} ave in wfc .74 (short)

[11:33] {Threei} positive report - see, we are improviong

[11:33] {dino} s/p fills open gap

[11:33] {Threei} negative - ah, but the road up is not straight, never mind

[11:33] {ese} same here......welcome moe

[11:34] {ese} heck of a dive by esi dino

[11:35] {dino} cpsi

[11:35] {dino} i want 98

[11:35] {nemo} How's it feel to want?

[11:35] {_moeberry} taking some STX here

[11:36] {Threei} why?

[11:37] {dino} lol

[11:37] {ese} interesting question nemo....do you "want" an answer

[11:38] {Threei} seriously, moe... what is it you see in STX??

[11:38] {dino} the way i see it, it's play and simple, they got it and i want it

[11:38] {Threei} no volume

[11:38] {Threei} narrow

[11:38] {Threei} sits at the low of long term tange

[11:38] {Threei} very likely to make new lows

[11:38] {ese} lol

[11:41] {dino} esi 98

[11:41] {nemo} rimm .90 break stop .75 on volume

[11:42] {ese} i'll be......just saw tht

[11:42] {ese} that

[11:42] {ese} esi

[11:42] {nemo} no volume yet though

[11:42] {ese} and it's heading lower

[11:42] {dino} wow right thru gap

[11:42] {strider} I hate rimm

[11:42] {strider} fyi

[11:43] {dino} was 115 two days ago

[11:43] {nemo} as if I care

[11:43] {strider} I know

[11:43] {Les} bloody hell. WFC is getting pumped

[11:43] {strider} I will short it on occasion, though.

[11:43] {dino} sm l .00

[11:43] {dino} esi that is, risky

[11:43] {ese} lucky shorts thats for sure

[11:44] {dino} what occasion ?

[11:44] {strider} on those occasions when it's going down.

[11:44] {Threei} happy occasion

[11:44] {dino} lol

[11:44] {Threei} see... told yoyu

[11:44] {Les} x returning to lod

[11:44] {Les} seems to be easier on the shorts than slw

[11:45] {dino} esi stop is lod fwiw

[11:45] {dino} pulp stock

[11:45] {strider} FCx

[11:45] {strider} wide stop

[11:46] {dino} indeed, but sm shares

[11:46] {ese} did i miss a post....are you short dino esi

[11:46] {dino} long

[11:46] {ese} where

[11:46] {dino} but otm

[11:46] {dino} .00

[11:47] {dino} stopped

[11:47] {ese} 98?

[11:48] {dino} unfortunately

[11:48] {ese} wow fella....gutsy play

[11:48] {dino} gap play

[11:49] {dino} and now it comes back, rinse

[11:49] {dino} awwww mannnnnn swiper move

[11:51] {ese} i for one stand in awe.....that would have taken nerve to pull the trigger on that

[11:51] {nemo} or brain damage

[11:52] {ese} rotflol

[11:52] {dino} 300 w/risk defined, whats the big deal as long as keep stop. thing went to 97.57, bounced to 98.20s, used gap at 98, plus .00 break as trigger

[11:52] {nemo} so much for polite, huh dino?

[11:52] {ese} i have to admit nemes'.......your timing is impecable

[11:53] {dino} i grew up that way nemo, pretty thick skinned

[11:53] {strider} remember, he's a vampire.

[11:53] {nemo} actually, I'm very sensitive

[11:53] {fernp} WFC still there, VAd

[11:53] {Threei} toughie fern

[11:53] {dino} my family was never a rah, rah type.

[11:54] {ese} well.......with the brain damage crack....it'll be thickening up real soon

[11:54] {nemo} roger that

[11:54] {dino} favorite words were dumb ass. heard that millions of times

[11:54] {nemo} Yeah, my nickname for my nephew is DH, his two friends are DF and DB

[11:54] {dino} in any case es, my entry was pretty good just a minute too early

[11:55] {ese} rotflol....you guys!!! too funny

[11:56] {ese} it was dino for sure........i wouldn't of had the guts to do it

[11:56] {dino} now it's just taunting me, ugh

[11:56] {nemo} we've got some defined DBs in mos X and FCX now

[11:56] {ese} is it ever

[11:57] {dino} fcx sm l .50

[11:57] {nemo} oh, and it's frickin' lunch on Friday

[11:58] {ese} right then.......i'll get my champagne

[11:59] {nemo} that's not fair market

[11:59] {Les} nice one

[11:59] {strider} cover short C +.20

[11:59] {strider} X

[11:59] {strider} not C

[11:59] {dino} stopped fcx -.31

[11:59] {strider} _notvad typed that for me.

[11:59] {dino} mkt dropped.

[12:00] {ese} good one st

[12:00] {nemo} you marry it fur crissakes dino?

[12:00] {strider} t'anks, ese

[12:00] {dino} what?

[12:01] {dino} gj strider

[12:01] {nemo} kiddin' the stop on fcx

[12:01] {ese} triple bottom one minute chart st......looks like a good time to exit

[12:01] {dino} sm=300, no real harm

[12:02] {Threei} YESSS!!!

[12:02] {Threei} *(CO) COLOMBIA OVERNIGHT LENDING RATE HELD UNCHANGED AT 3.50% (AS EXPECTED) (related USD/COP )

[12:03] {Les} x

[12:03] {fernp} QID, Vad?

[12:04] {Threei} DOES MARKET FEEL TO YOU LIKE DROPPING MORE?

[12:04] {Threei} oops

[12:04] {Threei} I just can't tell

[12:05] {Threei} instincts say yes,, we continue dropping,

[12:05] {fernp} i think so

[12:05] {Threei} Friday, lunch time - brain says do not commit

[12:05] {patience} yup

[12:05] {Threei} perfect time for unexpected moves with brutal shakeouts

[12:06] {dino} dji open gap fill

[12:06] {dino} ioc nemo, i defer to you

[12:06] {nemo} back there again, huh

[12:08] {nemo} breaks below .68 next stop .36 but should be some interference.

[12:08] {fernp} out here .19

[12:08] {fernp} +.08

[12:09] {fernp} lucky

[12:09] {Threei} BTW

[12:09] {Threei} GUESS WHO IS ON tv

[12:09] {larisa} oBAMA?

[12:09] {Les} orson welles?

06[12:10] * nemo slaps Les around a bit with a large rosebud

[12:10] {Threei} wow Larisa

[12:10] {larisa} I decided to get it right so you can stop asking this question :)

[12:10] {Threei} first time in history of this room this question was met weith seriousness and truth

06[12:10] * nemo slaps larisa around a bit with a large sense of humor

[12:11] {larisa} I have great sense of Humor, but getting tired of same jokes :)

[12:11] {larisa} sorry

[12:11] {Threei} well, we don't

[12:11] {Threei} or at least I don't

[12:11] {nemo} what do you expect when you hang around with the SAME insane people?

[12:11] {larisa} I know

[12:11] {Threei} so when I do stumble onto a joke, I tend to milk it to the end

[12:11] {Threei} to the bitter ewnd I may say

[12:12] {fernp} who is insane, moe?

[12:13] {nemo} he's here isn't he

[12:13] {fernp} big truth

[12:13] {dino} opps wrong stock

[12:17] {dino} china stocks holding better today, snda, pwrd, cagc, rino, jst

[12:19] {dino} get him off the tv, he is death to the markets

[12:24] {dino} esi sm l .00

[12:25] {dino} fcx gap fill from oct

[12:31] {Threei} US) Reportedly Obama administration will notify Congress of proposed $6B sale of arms to Taiwan

[12:31] {Threei} - Sale expected to include helicopters and missile defense technology

[12:31] {Threei} China is applauding I beilieve

[12:32] {dino} oh boy

[12:36] {Les} yeh that's the only stuff the US makes nowadays

[12:36] {strider} RMBS

[12:36] {nemo} we didn't break 1080

[12:37] {Les} gotta go. another bloody aperitif followed by dinner with neighbours.

[12:37] {Threei} lol

[12:37] {nemo} sucks being you

[12:37] {Threei} poor you

[12:37] {Les} damned swiss and their damned drinking habits ;)

[12:37] {Les} until MOnday

[12:37] {Threei} try my way Les

[12:37] {nemo} pot calling the kettle black...sheila

[12:37] {Les} what's that?

[12:38] {strider} SNDK

[12:38] {Threei} rum in one hand, nahama-mama in another to wash rum down with... tell them that's how they must do it,

[12:38] {Threei} you are going to have a hell of a party,

[12:38] {Threei} they are going to have hard time

[12:38] {dino} stopped again esi, done w/it today

[12:38] {Les} unfortunately my wife becomes a bit loud at such times

[12:38] {Threei} I'll refrain from comments

[12:38] {Les} ciao.

[12:39] {fernp} ACI dino, .80 break is interesting

[12:39] {dino} cya les

[12:39] {fernp} bye les

[12:40] {dino} cie

[12:40] {nemo} frickin' chart candles look right, but the volumes aren't indicating the moves,

[12:40] {dino} up fern?

[12:41] {dino} market feeling heavy

[12:41] {fernp} yes

[12:50] {dino} itri sm ave.85 l

[12:52] {dino} tex sm l .35

[12:55] {fernp} out ACI +.16

[12:55] {dino} gj fern, i didn't feel it

[12:56] {dino} ua off of .25, l w/stop .99

[12:56] {fernp} a bit of luck

[12:56] {dino} gut feel we close at hod

[12:58] {dino} always help

[12:58] {dino} es death continues

[12:58] {dino} esi

[12:59] {Threei} nemo

[12:59] {nemo} you

[12:59] {nemo} yo

[12:59] {Threei} you said something the other day about mass intelligence

[12:59] {nemo} lack of it

[12:59] {Threei} intellige this:

[12:59] {Threei} 38% Say U.S. and Allies Winning War on Terror

[12:59] {nemo} further confirmation

[12:59] {nemo} I'm an H.L. Mencken fan myself

[13:00] {dino} problem is what are you supoosed to do

[13:00] {Threei} tibet

[13:00] {Threei} monastery

[13:00] {Threei} cave

[13:00] {Threei} beer

[13:00] {dino} last one

[13:00] {fernp} beer is ok

[13:05] {Threei} GILD

[13:06] {Threei} quite remarkable sttrength

[13:06] {strider} Gilead announces share repurchase program

[13:07] {nemo} I'm amazed at amzn's relative weaknes today given it's numbers, that buyout must have people worrie

[13:07] {nemo} d

[13:08] {Threei} I still think it's AAPLs tablet that gives AMZH buyers pause

[13:08] {nemo} why...kindle?

[13:08] {Threei} yeah

[13:08] {Threei} tablet is widely feared to be a Kindle killer

[13:09] {Threei} and it's easy to see why

[13:09] {Threei} who would want a Kindle that can do nothing but read books if you can have tablet that can do everything

[13:10] {Threei} White House economic advisor Summers: believe the USD will play a central role for a long time to come

[13:10] {Threei} I hate to say it... but I agree with Summers

[13:11] {dino} totally

[13:15] {larisa} dino, never ever again i will call you chicken. trading stocks like ESI, you have to have iron nerves :)

[13:16] {Threei} it's opposite cause/effect larisa... he trades them because you called him a chicken and he wants to prove you wrong

[13:16] {dino} lol

[13:16] {larisa} nah, he was sick before i called him anything

[13:17] {larisa} was watching ESI under 97 for 5 minutes, could not make myself to buy even 300 shares

[13:20] {dino} 96.04 area support imo

[13:22] {nemo} joyg short?

[13:23] {Threei} probably...

[13:23] {nemo} left the station

[13:23] {Threei} there are no pronounced moves in the market

[13:23] {nemo} yeah, scalp

[13:23] {Threei} hard to judge the follow-up

[13:23] {nemo} dinero is dinero

[13:31] {dino} don't you mean dino

[13:31] {nemo} cat looking short

[13:32] {Threei} he means dinner with dino

[13:32] {Threei} costing dinero

[13:32] {nemo} talk to fern

[13:40] {dino} out itri .35, +.50

[13:40] {dino} back in 20

[13:42] {fernp} money is money

[13:42] {nemo} rimm

[13:42] {nemo} dinero es dinero

[13:42] {fernp} and tiempo es tiempo?

[13:42] {nemo} frickin' rimm

[13:48] {Threei} GILD... if market stages more or less meaninglful bounce next week, this one is a candidate for a nice run

[13:56] {fernp} MGYN, vad?

[13:56] {fernp} MYGN

[13:56] {Threei} salmon...

[13:56] {Threei} I doubt it has mucy perspectives for today

[13:56] {Threei} but worth keeping an eye on come Monday

[13:57] {fernp} ty

[14:09] {ese} .

[14:09] {nemo} ;

[14:10] {dino} neu

[14:10] {ese} was just loading my drums in my Landrover

[14:11] {nemo} tribal meeting?

[14:11] {ese} vad ..my professional band The Midnights and The Vic High band are doing a cd/dvd taping session at Camosun College this evening in the Young Building it's open to the public........wha daaaa yaaa say ehhhhh!

[14:11] {nemo} send me a copy

[14:11] {ese} when vads there definitely tribal

[14:11] {patience} can i sing along ese?

[14:12] {ese} patience all you have to do is walk on over....you've never seen the kids or my band

[14:12] {ese} 7:30 start

[14:12] {patience} i'll do my best :)

[14:13] {Threei} ese.. you sure you want me there??

[14:13] {ese} it's freeeeeeeeeee!!!!!!!!1

[14:13] {Threei} I am a "bad crowd"...

[14:13] {ese} always

[14:13] {ese} well true but.....

[14:13] {nemo} there has to be one,,,so you can be it

[14:13] {Threei} whistling... trying to climb the tribune with beer for the leading singer...

[14:13] {dino} as long as you don't sing you're welcome vad

[14:13] {ese} egzacally

[14:17] {strider} MYGN salmon

[14:18] {dino} neu beats pretty good, but destruction occurs, just like all the others

[14:29] {Threei} Market Internals update at 2:00pmET

[14:29] {Threei} - NYSE volume 660M shares, about 3% above its three-month average; advancers and decliners are about even.

[14:29] {Threei} - NASDAQ volume 1.82B shares, about 35% above its three-month average; decliners lead advancers by 1.2:1.

[14:29] {Threei} - VIX index -1.5% to just under 23.50

[14:32] {Threei} underestrimated MYGN's slamonness

[14:32] {dino} wow ndx -8% in 8 trade days

[14:37] {strider} Where's the afternoon trade, vad?

[14:37] {nemo} been a slow descent,,,,hop on the trend on pullbacks

[14:40] {strider} pullbackks, huh?

[14:40] {Threei} bounces

[14:40] {strider} you wanta point some of those out to me?

[14:40] {strider} :)

[14:41] {nemo} well, I've been scalping down on fcx, but it's basically been reading the tape and when it touches the 13 ma, I look to go short

[14:41] {Threei} my culprit is this:

[14:41] {Threei} most of days this week we had late day bounce

[14:41] {Threei} so I have troubles discerning whether it's the case today as well

[14:41] {Threei} doesn't loook like that

[14:41] {Threei} everything feels to me like more selling

[14:42] {Threei} look st GS testing lows on both intraday and daily

[14:43] {dino} sm l .00 neu risky

[14:44] {nemo} yeah, the volumes on these bounces or pauses doesnt really give any indication of changes of direction

[14:44] {strider} futs have bounced off lows 3 times.

[14:45] {nemo} that's called dead cat.

[14:46] {strider} then why were you suggesting I catch the rebounds?

[14:48] {Threei} GS another leg down

[14:48] {nemo} pullbacks from the downtrends short

[14:48] {Threei} FCX too

[14:50] {strider} MYGN is a freak of nature

[14:50] {Threei} total

[14:50] {strider} I did a stupid .20 scalp awhile ago.

[14:51] {Threei} RIMM is bounce candidate

[14:51] {nemo} what is stupi about a .20 scalp

[14:51] {strider} ihr

[14:55] {dino} rmbs wants that gap at 21.15

[14:55] {dino} scanners all red

[14:56] {dino} ndx -8.5% since 1/19

[14:57] {dino} 1730 gap ndx

[14:59] {nemo} PPT?

[14:59] {dino} nah

[15:00] {dino} amzn gives back

[15:00] {Threei} RIMM... watching for a pullback, double bottom, and bigger move up

[15:01] {Threei} should bottom around .45 - .50

[15:03] {dino} seems my gut was wrong at noon, felt hod for close. must be the atkins diet messing w/its' ability

[15:03] {Threei} lol

[15:03] {Threei} you are on arkins again?

[15:04] {dino} yeah, every jan. and feb.

[15:04] {dino} i keep it off until hunting season and holidays

[15:05] {Threei} no pullback RIMM

[15:05] {dino} cagc sm l .01 stop lod

[15:06] {i2romantis} nice market drop and some signs of recovery

[15:06] {i2romantis} seems that every time I talk to Vad I get back on track with my trading

[15:06] {nemo} yeah, they blocked up the artery

[15:06] {nemo} it's a small price to pay for sanity I2

[15:06] {Threei} that's my magic, i2r

[15:07] {i2romantis} yes :)

[15:09] {dino} neu stopped, .42

[15:10] {dino} wow that fell fast

[15:11] {dino} db on it

[15:13] {dino} pot under 100

[15:14] {Threei} RIm losing support

[15:14] {Threei} TM

[15:15] {Threei} RIMM is back into support

[15:15] {Threei} skightest help by market should make it bounce

[15:15] {nemo} I don't think anybody's buying this afternoon

[15:16] {fernp} i agree nemo

[15:16] {nemo} gracias

[15:16] {fernp} de nada

[15:16] {dino} yeah nemo, i give up

[15:16] {nemo} comprendo

[15:16] {fernp} are we bored?

[15:16] {nemo} no

[15:16] {nemo} irish/italian

[15:17] {nemo} and maybe a couple other things my grandmother wasn't too specific about

[15:20] {Threei} nice and easy RIMM

[15:20] {Threei} anyone took it?

[15:20] {nemo} wasn't watching

06[15:21] * Threei slaps nemo around a bit with a large attention-getter wrapped in sleep-ceaser and spiked with boredom-interrupter

[15:22] {nemo} I was watching fcx

[15:24] {fernp} oops!, missed RIMM. was watching pizzas, dont know which to choose

06[15:25] * nemo slaps fernp around a bit with a large can of anchovies

[15:25] {fernp} yeah!! anchovies... good idea

[15:29] {i2romantis} black olives...

[15:30] {nemo} italians are famous for pizza and spaghetti and invented neither

[15:31] {i2romantis} they know how to use good ideas

[15:31] {fernp} i've been living in Roma for 10 months

[15:31] {nemo} I liked Florence better, but....

[15:31] {fernp} i don't like his pizza

[15:32] {nemo} market broke major support today

[15:36] {Threei} lookie lookie RIMM

[15:41] {dino} bertolli

[15:44] {nemo} spy gonna' finish above 108

[15:47] {fernp} Have a nice weekend everybody. see you all on monday

[15:47] {Threei} taske care fern

[15:47] {strider} you too, fern.

[15:48] {dino} cya fern

[15:52] {Threei} short covering

[15:55] {nemo} does it make 108

[15:56] {Threei} I doubt it

[15:56] {Threei} it had its chance two min ago

[15:57] {nemo} yep, but that's a real important level, probably rally above on monday, and then we'll see

[15:59] {nemo} I gotta' go c u Monday

[16:00] {Threei} thank you all

[16:01] {Threei} have a great evening, see you on Monday

[16:01] {i2romantis} cheers

[16:01] {strider} see you vad.

[16:02] {dino} later all

Jan 28 2010

Some days are made by just one strong trade. This was exactly the case: scalp here, stop there, nothing outstanding, and a whole lot of invalidated trades - those where stop level is broken before trigger is taken, so trade just never comes to be. Then star trade came along: CAT long at 51.60, with 15 cents risk and for almost a dollar potential.

Session Time: Thu Jan 28 00:00:00 2010

[07:47] {Threei} CY

[07:47] {Threei} Cypress Semiconductor Demonstrates tablet-sized capacitive touchscreen with true multi-touch all-point capability

[07:47] {Threei} - Demonstrated a tablet-sized capacitive touchscreen technology with unlimited finger tracking capability.Cypress has released a video, available at www.cypress.com/go/tabletvideo, which features a demonstration of a user manipulating multiple pictures on the screen simultaneously. The technology, based on Cypresss industry-leading TrueTouch touchscreen solution for smaller-size portable electronics, will power touchscreens between 7 and 17 inches with full multi-touch support.

[07:49] {Les} morning. F in play premarket

[07:50] {Threei} Les :)

[07:50] {Threei} Ford Motor Co Reports Q4 $0.25 v $0.26e, R $35.4B v $32.6Be

[07:50] {Threei} For full year 2010, Ford plans to be profitable on a pre-tax basis excluding special items, for North America, total Automotive and total company, with positive Automotive operating-related cash flow, based on its assumptions

[07:50] {Threei} - Expects industry sales in range of 11.5-12.5M units

[07:51] {Les} ha. so it's not actually profitable then

[07:51] {Threei} well, at this point it's more about guidance I'd think

[07:51] {Threei} there is a whole lot of numbers in that

[07:51] {Threei} breakdown by continents

[07:51] {Threei} ends with:

[07:52] {Threei} - Ford Motor Credit Reports Q4 pre tax operating profit $696M v -$372M y/y

[07:52] {Threei} - Expects Motor Credit to be profitable in 2010 but lower than 2009 based on lower average receivables and the non-recurrence of certain favorable 2009 factors.

[07:52] {Threei} also, look at this aggressive mobe:

[07:52] {Threei} 01/27/2010 08:40 PM [F] To offer $1,000 rebate to Toyota and Honda owners

[07:53] {Les} that's aggressive marketing

[07:53] {Threei} good thing they don't offer it to Nissan owners

[07:54] {Threei} I don't want Ford, and such offer would make me even think about it

[07:54] {Threei} ummm... maybe not

[07:58] {Les} dunno. ford making pretty trendy cars in Europe. Europeans like these small hatchbacks etc

[08:00] {Threei} line up is different in US and Europe

[08:00] {Les} yeh. its the americans that need an attitude adjustment

[08:01] {Threei} and... I tried one of Ford's recent crossovers once,

[08:01] {Les} or to really hurt at the gasoline pump like we do here

[08:01] {Threei} after Murano, it handles like a wet diaper

[08:01] {strider} We need an attitude adjustment?

[08:01] {Threei} well, maybe you'd do well stopping taxing the hell out of that gasoline

[08:01] {Les} especially you Strider

[08:02] {Les} mind you. motorcycle is better attitude to road than a Hummer

[08:02] {Threei} but you seem to believe in that hoghwash about global warming too strongly to do that {G}

[08:02] {strider} My attitude is recalibrated every morning at 8AM.

[08:02] {nemo} qcom and nflx could be interesting this morning

[08:03] {Threei} sheesh

[08:04] {Threei} was looking at CY 11.07 offer not realzing that was the entry I wanted

[08:04] {Threei} I obviouslyam still asleep

[08:05] {Les} lol strider, you remind me of that colonel in "American Beauty"

[08:05] {nemo} must be, if Les is there, must be a nightmare...

[08:05] {Les} you sure you're not ex-Marine?

[08:05] {Threei} crap

[08:05] {nemo} I used to teach military people, and work with them...that's about it

[08:05] {Threei} that was my opening $400 right there

[08:05] {nemo} well, since you didn't share...

[08:06] {Les} not you Nemo

[08:06] {Threei} I posted news

[08:06] {Les} vad is right

[08:06] {Les} I have CY on chart

[08:06] {Les} but wasn't paying attention to it

[08:07] {Les} but it did jump out of the blue

[08:07] {nemo} I was reading about somebody's battle on another blog...missed it

[08:07] {Les} I must have scared strider off...

[08:08] {nemo} scared...nah...disgusted him...I can see that

[08:08] {Threei} lol

[08:08] {Threei} strider doesn't strike me like easy frightened type

[08:08] {strider} I missed something while rebooting.

[08:09] {strider} Is Les coming to get me?

[08:09] {Threei} rofl

[08:10] {Threei} you guys

[08:10] {Les} 14:05 Les lol strider, you remind me of that colonel in "American Beauty"

[08:10] {Threei} OK... so weho is impressed by state of the union speech?

[08:10] {Les} 14:05 Les you sure you're not ex-Marine?

[08:10] {nemo} ] * strider (jmichaeljon@jtc-6489cc8c.nc.charter.com) Quit (Quit: )

[08:10] {nemo} [08:07] * strider (jmichaeljon@jtc-6489cc8c.nc.charter.com) has joined #discussions

[08:10] {nemo} [08:07] {Les} I must have scared strider off...

[08:10] {nemo} [08:08] {nemo} scared...nah...disgusted him...I can see that

[08:10] {nemo} [08:08] {&Threei} lol

[08:10] {nemo} I skipped the speech

[08:10] {Les} didn't listen to him

[08:11] {Les} what did he have to say?

[08:11] {nemo} I was watching "District 9" with my nephew

[08:11] {Les} any good?

[08:11] {Threei} a lot... and I have to say, I never heard so non-presidential one

[08:11] {nemo} yeah, it was pretty good...saw a commercial for it on DVD, so went right to the torrents

[08:11] {Threei} lol

06[08:11] * Threei slaps nemo around a bit with a large bag of sarcasm

[08:12] {Les} really, he was waffling on again?

[08:12] {strider} Yeah, though I walk through the valley of death, I fear no evil.. for I am the meanest MF in the valley. (favorite phrase of my SF buddies.)

[08:12] {nemo} I already have a railroad car full...ty

[08:12] {Threei} the spot that totsally turned me off was:

[08:12] {nemo} Personally I like...nuke them til they glow, shoot them in the dark, let God sort them out...

[08:12] {Threei} I take my share of blame for not explaining our position on health care reform well

[08:13] {Threei} this is beyond arrogant

[08:13] {strider} well, you should, vad.

[08:13] {Threei} it translates into:

[08:13] {Threei} I am right, you all are wrong, you don't get it, and my fault is in not exlaining it clearly enough

[08:13] {nemo} We couldn' slip it by you f%$#&@s before you figured it out

[08:14] {strider} Seriously condescending.

[08:14] {Threei} so, I should have tried to make it sinmpler for you

[08:14] {Threei} but I overestimated your intelligence

[08:14] {Threei} well, piece on climate change was just as condescvending

[08:15] {strider} "After all, I am super-O, and you're not."

[08:15] {Threei} even his poart of the audience met it with grave silnece

[08:15] {Les} F .80 B/d?

[08:16] {Threei} questionable...

[08:16] {strider} premarket has its own rules...

[08:16] {strider} imo

[08:16] {Threei} there asre no patterns established yet

[08:16] {Les} 7am thru now. big descending triangle?

[08:17] {Threei} formally speasking, yes

[08:17] {Threei} in purpose of pattern recognition

[08:18] {Threei} it's just that patterns much less reliable at this point

[08:18] {Les} but not actionable due to lack of vol?

[08:18] {Threei} yes

[08:18] {Les} or reliable I should say

[08:18] {Les} makes sense

[08:19] {Les} .

[08:22] {Les} anyone here?

[08:23] {nemo} no

[08:23] {Les} phew

[08:23] {Les} strange. accidently logged out and then logged back in. thought I was in another dimension

[08:24] {Les} no log history. no record in floor channel.

[08:24] {nemo} fatima morgana

[08:25] {Les} ?

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 470K V 450KE; CONTINUING CLAIMS:4.602M V 4.593ME

[08:30] {Threei} - Prior Initial Claims revised from 4482K to K

[08:30] {Threei} - Prior Continuing Claims revised from 4.599M to...more... (related SHY SPY EUR/USD USD/JPY USO RTH )

[08:30] {Threei} yikes

[08:31] {Threei} how's that stimulus working for ya

[08:31] {Threei} US) DEC DURABLE GOODS ORDERS: 0.3% V 2.0%E; DURABLES EX-TRANSPORTATION: 0.9% V 0.5%E

[08:31] {Threei} APPY Pharma Enters Into Development and Supply Agreement for AppyScore(TM) Reader (2.17, 0.00, 0.00%)

[08:41] {Les} oh they're gonna spit that in the face of Obama's address last night

[08:42] {Threei} he practically called for swcond stimulus package yesterday

[08:42] {Threei} Einstein, where are you...

[08:43] {nemo} wait until Commercial Real Estate gets going this year...lookout below

[08:53] {fernp} Good morning everybody

[08:53] {Les} hey fern

[08:53] {Threei} fern :)

[08:54] {strider} mornin' fern

[08:55] {i2romantis} gm all :)

[08:55] {Les} hi i2

[08:55] {Threei} i2r :)

[09:00] {Threei} NFLX Piper Jaffray raises price target to $78 from $57; maintains Overweight rating (timing uncertain)

[09:00] {dino} gm all

[09:00] {nemo} yeah, they killed it yesterday

[09:00] {Threei} dino :)

[09:02] {strider} Good gosh, up almost 12 bucks from yesterday morn.

[09:02] {nemo} yep

[09:03] {Threei} BLTXX Baltic Dry Bulk Index down around 4% (3nd straight fall)

[09:03] {dino} f nice report, kicking govt motors butt

[09:04] {Threei} as it well should

[09:15] {Threei} TM: Toyota recall expanded by additional 1 mil vehicles

[09:15] {Threei} sheesh

[09:15] {ese} good morning....

[09:15] {Threei} ese :)

[09:15] {Threei} feeling better?

[09:15] {ese} it's the world as seen through a non thumping head

[09:15] {ese} yes tks vad

[09:16] {billyc} gm everyone

[09:16] {ese} can't emember the last time I had a headache

[09:16] {ese} billy

[09:16] {Threei} I think it's because you skipped Bahamas... look at this: http://www.realitytrader.com/photography/2010/01/grand-bahamas-some-more.html

[09:16] {Les} billy, non thumping ese

[09:16] {Threei} billy :)

[09:18] {dino} qcom, ttek, kex

[09:18] {nemo} nflx dino

[09:18] {ese} i sold my cien yesterday at .05 +.22

[09:18] {Threei} QCOM was seriously beaten up after hours

[09:19] {dino} see itksp, pot, azn, abfs

[09:19] {nemo} pot guided down

[09:20] {dino} watching mos, cagc off of it

[09:21] {Les} what was QCOM's crime?

[09:21] {ese} my goodness nflx up 11pts

[09:21] {nemo} earnings

[09:22] {nemo} dude

[09:22] {ese} dude

[09:22] {ese} like ahhhhhh justa ahhhhhh like seen it ehhhhhhh

06[09:23] * Threei pours ese a glass of dasrk rum spiked with sedatives

[09:24] {larisa} gm :)

[09:24] {Threei} larisa :)

[09:24] {ese} that would be a headache enlarger for this morning

[09:24] {ese} laris

[09:24] {Threei} no way

[09:24] {larisa} vad, ese :)

[09:26] {nemo} lari :)

[09:26] {ese} it would seem we are looking at end of month beginning of month window dressing

[09:26] {larisa} nemo :)

[09:28] {lasertrev} gm

[09:28] {Threei} trev :)

[09:28] {strider} morning trev/

[09:29] {lasertrev} :)

[09:29] {Threei} Apple Inc Barclays reiterates Overweight rating, price target to $285 (update)

[09:29] {Threei} - Analyst comment that iPad lauch generally in line with expectations, however does note that pricing more attractive than had expected.

[09:29] {Threei} - Prior price target $265

[09:31] {Les} nflx looks like sputnik, the ticker up there on its own

[09:31] {nemo} pot guides lower and mos shoots up...

[09:33] {Threei} watching WFC for strong pullback

[09:33] {Threei} ,25 zone at least, possibly lower, for long entry

[09:33] {nemo} system froze

[09:34] {Threei} actually...

[09:34] {Threei} Short Setup: WFC .40 break if stays under .45

[09:36] {Threei} invalidated

[09:37] {Les} ttek .20 b/d?

[09:37] {Les} after consolidatno

[09:37] {Threei} way too wide range

[09:38] {dino} qcom sm l .60

[09:38] {Threei} what's with PEIX?

[09:39] {dino} dk

[09:39] {ese} does anyone know what the futures were quoting before the market opened

[09:41] {dino} up

[09:41] {Threei} Long Setup: CAT .60 if stays above .50

[09:41] {ese} tks

[09:43] {nemo} got stopped

[09:46] {i2romantis} out NFLX +2.00, enough for today

[09:46] {Les} lol

[09:46] {Threei} Long Setup: X .10

[09:46] {Les} well done

[09:46] {Threei} half lot

[09:46] {Threei} stop under .95

[09:46] {Threei} 1:1

[09:47] {ese} mags would be goin nuts on rimm if he were here

[09:48] {ese} L cien .10

[09:48] {dino} qcom out .00, +.40

[09:49] {ese} were you long or short dino

[09:49] {dino} red scanners

[09:49] {dino} long es, posted

[09:49] {dino} ttek

[09:50] {ese} cool...sorry ...missed it

[09:50] {Threei} WFC

[09:50] {Threei} sharp selloff

[09:50] {dino} np

[09:52] {Threei} (US) Senate minority leader McConnell: Senate should be able to come to agreement on Obama proposals on boosting exports and alternative energy

[09:52] {Threei} ***Note that in yesterday's State of the Union speech, President Obama said providing incentives for energy efficiency and clean enery is "the right thing to do."

[09:52] {dino} if uneconomical ways are the right ways, sheesh

[09:53] {Threei} "right thing to do" has nothing to do with economics, it's a guilt thing

[09:53] {dino} bingo

[09:54] {fernp} any read WFC, Vad?

[09:54] {Threei} pullback to .45, I'd feel much safer buying it

[09:54] {Threei} with stop under .40

[09:54] {fernp} ok, ty

[09:55] {dino} all red

[09:56] {ese} L qcom .01

[09:56] {dino} nice

[09:56] {ese} out ..25

[09:57] {ese} +.24 4k

[09:57] {ese} this is going to take off buts thats good enough

[09:57] {ese} tks dino

[09:57] {Les} jeezuz ese

[09:58] {Les} i've been playing with qcom, not as skillfully as you ese and dino

[09:58] {dino} gj

[09:58] {i2romantis} i understand +.24, but what is 4K? size or profit?

[09:58] {Les} but pulled myself out of the hole I had made

[09:58] {Threei} 4thousand shares i2r

[09:59] {dino} les, 1st trade on it on months

[09:59] {i2romantis} ok :)

[09:59] {Les} yeh I followed you first trade

[09:59] {Les} but was in too heavy

[09:59] {Les} had to cut losses

[09:59] {Les} next time smaller shares

[09:59] {ese} classic capitulation there......been watching dino play these for a while....was a confidence thing just by watching T&S

[10:00] {dino} ttek sm l .76

[10:00] {Les} yeh ese I jumped in at around the same price as you

[10:01] {Les} but earlier

[10:01] {dino} stop .49

[10:01] {Les} on the 2nd time I traded it

[10:01] {Threei} WFC, take profit uinto next spike

[10:01] {Threei} unless you are pesky scalper and out already

[10:01] {ese} but it's also done 40 million shs already.....man it wayt's freight train ..once it gets started in one direction les......it's gonna keep goin tha

[10:02] {ese} it's a freight train

[10:02] {Les} will look on it again to check how it played out

[10:02] {dino} nflx lod

[10:03] {nemo} 60.03 support

[10:03] {nemo} 61.03

[10:03] {nemo} no i was right the first time

[10:03] {nemo} nevermind

[10:03] {nemo} oy

[10:04] {fernp} I was one of those pesky scalpers Vad. TY

[10:04] {Threei} I knew it

[10:05] {Threei} Short Setup: CAT .40 break

[10:05] {Threei} .55 resistance

[10:05] {dino} scanners all red again

[10:06] {Threei} no worky CAT

[10:06] {strider} stop stop stop

[10:07] {Threei} still looks like a short to me... maybe a rinse

[10:07] {Les} you are an ex grunt

[10:07] {fernp} CSCO on lows too

[10:09] {strider} short AIG .32

[10:09] {Threei} CAT was a rinse

[10:09] {Les} s cat .38

[10:10] {fernp} CSCO .85 break stop above .95

[10:10] {dino} back in 5, have to shovel sidewalk

[10:10] {dino} hard stop ttek at .49 fwiw

[10:10] {Threei} make magoo do it

[10:11] {Threei} beautiful on AIG strider

[10:11] {Les} out .25 cat

[10:11] {ese} you know what hasn't been working with my quotes is the nyse tick and trin......everybody else getting them

[10:11] {strider} still in 1/3

[10:12] {Les} got 200 ma holding it up strider. if that gives away...

[10:13] {strider} +.11 +.16, stopped last +.05

[10:14] {strider} still setting up to go

[10:15] {dino} gj

[10:16] {strider} TM short break of low?

[10:17] {Threei} probably

[10:17] {Threei} ZI was itching to short it whole day yesterday

[10:17] {Threei} never found good entry

[10:17] {Threei} ditto AAPL

[10:17] {strider} partial aggressive t .15

[10:18] {Les} s cat small .10

[10:19] {Les} out .90

[10:19] {strider} stopped

[10:19] {Threei} wtg

[10:20] {Les} things are moving more predicably today

[10:20] {Les} predictably

[10:20] {dino} weeks like this make me think i should trade from home. too many drop-ins

[10:22] {dino} ttek tear down that wall

[10:24] {dino} kof

[10:25] {ese} huh....spectacular i think ek reports 1.36 V .18e is that right ?

[10:26] {Les} cat consolidating to b/d thru support

[10:27] {Threei} unless marjet reverses

[10:27] {Les} y

[10:27] {Threei} AAPL...

[10:27] {Threei} impossible to nail entry

[10:27] {Threei} I know it's a short

[10:28] {dino} stepping back, all red

[10:30] {ese} bstop ek .70

[10:31] {ese} sorry .71

[10:31] {Threei} Short Setup: X .95

[10:31] {Threei} half lot

[10:32] {Threei} 47.10 invalidation

[10:33] {Les} aa 13 b/d?

[10:33] {Threei} yes

[10:33] {nemo} chart for x is bad

[10:34] {Threei} bad for what?

[10:34] {nemo} bad data chart shows .10 quotes are up arounnd .35

[10:34] {ese} ek has to hold above .60 or i remove the bstop

[10:35] {Threei} hmm?

[10:35] {Threei} everything matches here

[10:35] {Threei} switch server?

[10:35] {nemo} switched all of them

[10:36] {fernp} yes, is bad. spread is -0.23 (minus)

[10:38] {nemo} I rebooted laser, data still bad

[10:38] {nemo} for X only so far

[10:38] {fernp} CSCO 1:1

[10:39] {dino} ioc

[10:39] {dino} mjn spike

[10:42] {ese} bstop ek removed...invalidated

[10:44] {nemo} weird for MOS in LII I've got LOD of 56.22 yet it just hit 56.03, something is wrong with the system

[10:44] {ese} vad question? basically i removed the by one that because i've watched you invalidate buys if they move ouside of a .10 range. is that because of a strenght thing....at least thats my impression of your setups

[10:44] {ese} bstop

[10:45] {Threei} not necessary 10 cents,

[10:45] {ese} yes that was going to be my next question

[10:45] {Threei} rule is, if a stock violates stop level before triggering - trigger is invalidated

[10:45] {Threei} chart defines support and resistance that form a setup's structure

[10:45] {Threei} so when I say:

[10:46] {Threei} ABCD is long in .20 break if stays above .10

[10:46] {Threei} break of .10 naturally invalidates the play

[10:46] {ese} yes

[10:46] {ese} what determines the range for you

[10:46] {Threei} .10 cents is simply because I prefer tighter setups

[10:46] {Threei} but chart may indicate other ranges

[10:47] {ese} ok

[10:47] {Threei} chart configuration

[10:47] {dino} good q es, thx vad

[10:47] {ese} what the bars are indicating?

[10:47] {ese} 1min bars 5 min etc

[10:47] {Threei} sorry, not sure I understand

[10:47] {Threei} 1 min bar indicastes price change within 1 min

[10:48] {ese} well if 1 min bars are showing say .08 range....then the invalidate will be .08 below where the trigger is

[10:49] {Threei} ugh, no

[10:49] {dino} ttek to flat, mkt drop

[10:49] {Threei} I never define a range by just one bar

[10:49] {Threei} look ast gld

[10:49] {ese} number of bars?

[10:49] {Threei} 1 min

[10:49] {dino} qcom breaks .00 down

[10:49] {Threei} time from

[10:49] {Threei} 10:05

[10:49] {Threei} to

[10:50] {Threei} 10:32

[10:50] {Threei} see the 20 cents range formedZ?

[10:50] {ese} gld?

[10:50] {Threei} yes

[10:50] {ese} ok .40 to .60

[10:50] {Threei} .40 break would have triggered short, with stop above .60

[10:51] {Threei} .60 break would have (and did) triggered long with stop under .40

[10:51] {Les} $ up

[10:51] {nemo} fcx chart off too

[10:51] {ese} so a time factor then.....in this case 27 min

[10:51] {ese} ok i'm getcha

[10:51] {fernp} VZ .60 break, Vad?

[10:51] {Threei} there is no fast rule to the length of consolidation period

[10:52] {ese} ok

[10:52] {Threei} I don't like it fern

[10:52] {fernp} ok. ty

[10:52] {Threei} has distinctive smell of trap to it

[10:52] {dino} bid/ask reverse troubles here nemo, on listed

[10:53] {nemo} yeah

[10:53] {Les} AA and CAT both b/d candidates

[10:53] {Les} market willing

[10:54] {dino} ndx fills 12/17 gap, 1778

[10:54] {Threei} 10:51] {Threei} there is no fast rule to the length of consolidation period

[10:54] {Threei} but it should be something reasonable,

[10:54] {Threei} 2-3 bars make range not

[10:54] {Les} you talking to me?

[10:54] {Threei} the only exception is open breaks,

[10:54] {Threei} they are usually shirter,

[10:55] {Threei} simply because market was open for a brief time, things happen faster

[10:55] {Threei} no Les

[10:55] {Threei} I am just blabbing in general

[10:55] {Les} very good then

[10:55] {Threei} ignore at your peril though

[10:55] {dino} alrighty then.

[10:56] {dino} remember enda gap i mentioned yesterday

[10:56] {larisa} snda you mean

[10:56] {dino} opps, yes, you remembered

[10:57] {lasertrev} note: nyse was down for a min. now it is ok.

[10:57] {dino} 45.50 area

[10:57] {lasertrev} will keep you all updated

[10:57] {nemo} x o.k. now

[10:59] {dino} ave sm l .99 ioc

[11:02] {dino} ndx -6.5% since 1/19; other ~-5.6%

[11:02] {Threei} gosh... I thought SIRI went bankrupt already... yet it pops up on ascanner with 52 week highs, lol

[11:03] {dino} imo, odd as tech has been repoting well

[11:06] {dino} nemo, med?

[11:07] {dino} 50 ma around 16

[11:07] {Threei} CAT isn't seeling off with market

[11:07] {nemo} .69 is pivot support dino...I have no conviction on a bounce here

[11:08] {ese} L ek .62

[11:08] {dino} q? when using your 50/200 etc, what time frame?}

[11:08] {ese} used .50 to .60 range as support resistance and trigger

[11:09] {nemo} me? 1minute

[11:10] {nemo} If med doesn't hold it here, goes to 16.60 or so

[11:11] {dino} on longer term chart; say 52 wks

[11:11] {nemo} I'll set the average to the period at which I'm looking

[11:13] {Threei} RU) Russia Fin Min: World might need global currency regulation

[11:13] {Threei} sigh

[11:14] {dino} i am on other side, markets will force it

[11:14] {nemo} governments won't concede...markets force issue immovable object hits irresistable force...annihilation

[11:15] {nemo} 2012

[11:25] {dino} cmp

[11:32] {Threei} AA 1:1

[11:33] {Threei} lended itself to large shares, too

[11:34] {Threei} selloff acelerates

[11:35] {Threei} little bounce, then more selling IMO

[11:35] {Threei} it's not over, nowhere even close

[11:36] {dino} 10080 broke

[11:36] {dino} 1080

[11:36] {nemo} yeah...strap in

[11:39] {larisa} RIMM sellers on vacation

[11:39] {Threei} X

[11:39] {dino} ttek holds

[11:39] {Threei} bounce into resistance on decreasiong volume

[11:40] {dino} ioc stopped while away

[11:40] {nemo} we may have a battle around 1080 for awhile

[11:41] {nemo} especially going into lunch

[11:43] {Threei} Short Setup: X .40 break

[11:43] {Threei} invalidated

[11:44] {dino} ttek out .25, +.49

[11:44] {dino} like to see qcom re-test

[11:45] {dino} ua interesting, nice report

[11:48] {dino} ua sm l .99

[11:48] {dino} snda sm l .97

[11:49] {dino} qcom sm l .75

[11:51] {dino} quiet around here

[11:51] {Threei} is it my connection or quotes are sloppy?

[11:51] {nemo} no magoo

[11:51] {nemo} what have I been saying

[11:51] {dino} lol

[11:51] {dino} magoo, mia

06[11:51] * nemo slaps Threei around a bit with a large hearing aid

[11:52] {Threei} I didn't mean two hours ago when everything was OK and you were the only one wituy a problenm {G}

[11:52] {dino} gut feel, 1080 and 1778 gaps had to fill, now up

[11:52] {Threei} O am talking just last couple minutes

[11:52] {nemo} You sayin' I got problems?

[11:52] {dino} 3i, i mentioned it too w/listed, bid/ask issues

[11:53] {nemo} that would be the thing for the markets to do, just like that H&S in july

[11:53] {larisa} we will break 10K dino, wanna bet ? :)

[11:53] {Threei} wqas fine for me all this time

[11:53] {dino} lol larisa, it's only 55 pts

[11:53] {larisa} chicken

[11:53] {nemo} I've got 10092

[11:54] {larisa} he means low

[11:54] {dino} ohhh mannnnnn, nobody calls me chicken. you're on gal, a beer

[11:54] {larisa} lol

[11:54] {nemo} listen lamb chop

[11:54] {Threei} Short Setup: BRCM .20 break

[11:54] {Threei} if stays below .25

[11:55] {Threei} Long Setup: RIMM 64 break

[11:55] {Threei} if stays above .85

[11:56] {Threei} BRCM invalidated

[11:57] {dino} on my watchers, strength in kss, fcn, cagc, rino

[11:58] {Threei} invalidation galore

[11:59] {Threei} US Senate approves "paygo" measure

[11:59] {nemo} yahooo...new program new taxes

[12:00] {Threei} - "Paygo" requires new spending to be offset with cuts or revenue increases (taxes) to offset the spending

[12:00] {nemo} cuts? what are those?

[12:01] {ilana} BRCM again

[12:01] {Threei} Treasury Sec Geithner: 2011 budget plan has $5B energy tax credit increase

[12:01] {Threei} SEED Guides FY10 Rev CNY630-660M (0.89, -0.05, -5.32%)

[12:04] {Threei} - CEO: We remain acutely confident in the strength of our market opportunity, our positive results, our company, and our long term solutions. We had another good quarter, as we continue to press on toward the completion of more advanced technologies and adding to our product offerings to drive improved performance going forward.

[12:04] {ese} outta here all cya tomorrow...or maybe a little later today if i get time

[12:04] {Threei} take care ese

[12:04] {dino} cya es

[12:05] {fernp} bye ese

[12:07] {larisa} AMZN refuses to sell into earnings, me missing a lot of trades today. too much green tea

[12:08] {dino} crm sm l .00

[12:14] {nemo} my data wron on crm says low is 63.53 low seems to be .94

[12:15] {Threei} I don't know what green tea has to do with it but I am just not finding plays

[12:15] {Threei} whatever I do find gets invalidated

[12:15] {dino} i show spike to it

[12:15] {Threei} who sees something worthy, share

[12:15] {nemo} ppt is listening in on the room, you make a call, they fade it

[12:15] {strider} I faded the RIMM invaliumidated awhile ago.

[12:15] {dino} 4 on, already shared above

[12:15] {Threei} they are stupid then

[12:16] {Threei} better let it trigger, then fade

[12:16] {strider} I did.

[12:17] {strider} oh...you're not talking to me.

[12:17] {strider} I should have known.

[12:20] {larisa} when I see missed setup like X short off 46.80, i want to hurt somebody :)

[12:20] {strider} va.

[12:20] {strider} vad

[12:20] {nemo} you can hurt me lari

[12:20] {strider} hurt him.

[12:21] {nemo} :)

06[12:21] * Threei slowly moves away from Larisa, trying not to attract attention

[12:21] {nemo} that's alright lari, I second guessed myself on amzn short at .90

[12:22] {larisa} was nice too with divergence, but hesitant today on AMZN. earnings

[12:23] {nemo} they'll report great numbers from Xmas and then sell off

[12:23] {nemo} it's a retail stock

[12:23] {dino} crm stopped -.35

[12:23] {Threei} ACOR Regis Technologies, Inc. has received an Establishment Inspection Report (EIR) from tFDA stating that Regis passed the FDAs pre-approval inspection (PAI) for its manufacture of 4-Aminopyridine the active ingredient in Ampyra. (34.67, -0.14, -0.40%)

[12:24] {Threei} (US) Senate approves measure to increase debt limit to $14.29T (related EUR/USD TLT SHY IEF )

[12:24] {dino} why even vote limits, they just raise them

[12:25] {Threei} why not vote pnce

[12:25] {Threei} "no limits no more, never, at no number"

[12:25] {dino} who is john galt?

[12:25] {Threei} that's it,. problem solved

[12:28] {Threei} Short Setup: X .50 break

[12:28] {Threei} if stays under .65

[12:28] {fernp} .65 el stop

[12:28] {fernp} ok

[12:28] {Threei} el stoparino

[12:29] {nemo} or is it la stoparina

[12:30] {nemo} ehhh...lunchtime

[12:30] {strider} I think I dated her in high school.

[12:30] {nemo} ha ha ha

[12:31] {Threei} 1:1

[12:31] {strider} how the heck did you catch that?

[12:32] {fernp} missed

[12:32] {Threei} hit .50 when it melted down

[12:32] {Threei} put .36 bid in

[12:32] {nemo} tims might be a long above .80

[12:32] {nemo} .60

[12:33] {Threei} that wasn't really a nice smooth play

[12:33] {Threei} my entry and exit both werre closer to lucky accident

[12:33] {Threei} than to normal smooth trading

[12:33] {nemo} phenomenal

[12:34] {larisa} rinsed stops at day low.. tough one to catch

[12:34] {Threei} immediate bounce into .60, sheesh

[12:34] {Threei} as one Soviet poet famously asked... "who ever saw crying Communist?"

[12:34] {nemo} yeah, setting up a reverse H&S

[12:35] {nemo} cat looks like it might turn north from tht chart pattern

[12:35] {Threei} I don't really feel it's time for reversal plays yet

[12:35] {nemo} so much for X holding

[12:35] {dino} gut says; "giddy-up"

[12:35] {larisa} :)

[12:36] {Threei} if anyone went for second setup on X I: a) recommend taking profit here and B) can't believe your audacity

[12:36] {Threei} there, 1:1 again

[12:36] {dino} fcx getting close to oct gap

[12:36] {dino} fdx nov.

[12:36] {Threei} dino, I believe in giddy-up, just not right now

[12:37] {Threei} a bit more frustration for bottom hunters

[12:37] {Threei} want something really funny?

[12:37] {Threei} KSystems, who hosts our chat server

[12:37] {dino} but you forget, am 3 hours ahead of you

[12:37] {Threei} can't connect the room

[12:37] {Threei} oh, lol

[12:38] {Threei} wow X

[12:38] {dino} 12:38 here

[12:39] {Threei} gold sold off like world's financial system just got fixed by Martians

[12:39] {dino} itri sm l .50

[12:40] {Threei} Long Setup: FCX .50 break

[12:40] {Threei} .35 support

[12:41] {Threei} not a scalp

[12:42] {larisa} dino convinced you it is time for reversals? :)

[12:42] {Threei} yeah, he is three hours ahead of me

[12:42] {Threei} this is my dream time machine

[12:42] {strider} I'm outa here. Got to go act like I know something for a couple of hours.

[12:42] {Threei} lol strider, take care

[12:42] {larisa} bye strider

[12:42] {strider} see ya in the morning. :)

[12:43] {nemo} order at .38 on rimm

[12:43] {nemo} offer

[12:43] {nemo} gone

[12:43] {Threei} FCX invalidated for now but still on agenda

[12:43] {Threei} X

[12:43] {Threei} long on pullback

[12:44] {Threei} not sure of exact entry yet

[12:44] {Threei} .60 break

[12:44] {Threei} if holding .50

[12:44] {larisa} 45.48 support

[12:45] {dino} qcom stopped -.40

[12:45] {Threei} ugh

[12:45] {Threei} invalidated again

[12:45] {Threei} I am telling you

[12:46] {larisa} at least they are not triggering

[12:46] {Threei} true but the sheer number of invalidated plays today is incredible

[12:47] {Threei} FCX another leg down

[12:47] {Threei} dino, you sure it's three hours?}

[12:47] {Threei} maybe 2 and half?

[12:48] {Threei} great

[12:48] {Threei} now X is working

[12:49] {Threei} Les

[12:49] {Threei} feminist.org picked up on IPad moniker, same idea that you mentioned yesterday

[12:50] {dino} lol

[12:50] {Threei} oh come on... X 1:2

[12:51] {dino} see vad that 2+hours shows me alot

[12:51] {Threei} no doubt

[12:51] {nemo} I thought it invalidated

[12:51] {Threei} that's why "come on" remark

[12:51] {nemo} oh,

[12:52] {Threei} look at the chart when it pulled back

[12:52] {Threei} perfect setup

[12:52] {Threei} and worked perfectly, just invalidated out trigger first

[12:52] {nemo} yeah, db'd at .40

[12:52] {Threei} I thought of changing it to .40 - .50

[12:53] {Threei} hard to tell what stopped me

[12:53] {nemo} did it hurt

[12:53] {Threei} thinking?

[12:53] {Threei} it always does

[12:53] {nemo} yes

[12:53] {Threei} sometimes I can channel my headache on ese though

[12:53] {Threei} just don't tell him

[12:54] {larisa} lol

[12:54] {nemo} cat just broke downtrend

[12:54] {Threei} 1:4... crying communist arrives

[12:55] {nemo} come on comrade, take it like a lumpen

[12:55] {Threei} with double dose of vodka you mean?

[12:55] {nemo} spy about to break resistance

[12:55] {nemo} sure

[12:55] {Threei} Long Setup: CAT .60 break

[12:55] {nemo} stop at bottom of this pull back or .52

[12:55] {nemo} ?

[12:56] {Threei} no

[12:56] {Threei} .45

[12:57] {Threei} FCX,

[12:57] {Threei} pullback long entry, under .50

[12:58] {nemo} come on cat hol .52 so I can give vad a hard time

[12:58] {Threei} I don't see any connection

[12:58] {nemo} yeah...not like I need an excuse

[12:58] {Threei} you are giving me hard time in any case

[12:58] {Threei} some people have to work for it,

[12:58] {Threei} to some it comes natyrally

[12:59] {nemo} unlike spelling

[12:59] {Threei} and the very fact of their existence gives hard time to those around

[12:59] {i2romantis} :)

[13:00] {Threei} .52 was low for FCX

[13:00] {Threei} sigh

[13:00] {nemo} :):):):):):):)

[13:01] {nemo} actually I saw a fractional print below

[13:01] {Threei} if I had to give a name to today it would be "A Cemetery of Escaping Opportunities"

[13:01] {nemo} very nice

[13:01] {nemo} amzn

[13:01] {nemo} triang

[13:02] {Threei} stolen from Eric Maria Remarh (sp})... one of his charracters calls another A Cemetery of Dead Beef Steaks

[13:02] {Threei} US) Commerce Sec Locke: Looking at steps to deal with industrial policy toward China, blocking Chinese imports is not the answer to dealing with trade deficit

[13:02] {Threei} - Planning clean energy trade mission to China and Indonesia

[13:02] {nemo} everything is plagiarism

[13:03] {dino} why even waste money on a clean energy china mission? these guys are clueless

[13:03] {nemo} china could care less

[13:03] {Threei} because dino, they want to "do a right thing"

[13:04] {dino} they still don't get that we need to deal w/our jobs problem

[13:04] {Threei} and we all know which road is paved with good intentions

[13:04] {dino} think about this heathcare issue. nobody can buy it w/o jobs, but they still push it

[13:05] {Threei} who cares... they have Bush to blame

[13:05] {dino} and he says lower taxes are not the answer, well his higher taxes and more regulations do not inspire hiring

[13:05] {Threei} last thing I expected that one year later he will still use him as an excuse

[13:05] {dino} i give up. waiting for john galt

[13:05] {nemo} see where oregon is instituting a gross revenue tax

[13:05] {Threei} move your fat butt CAT

[13:05] {nemo} or maybe it's only portland

[13:06] {dino} "get out of the way"

[13:06] {dino} qcom last try sm l .50, stop lod

[13:07] {Threei} btw, same as with porevious call... CAT if triggers and works, is not a scalp

[13:07] {Threei} 52 at least, and 52.50 is not out of question

[13:08] {dino} and think of this, we have the wprlds ;argest nat, gas reserves, but no he says., rather than create millions of jobs and wipe out our trade deficit (no more oil imports), he doesn't want to use nat. gas. likes giving billions to middle east i guess

06[13:08] * Threei kicvks CAT in the rear

[13:08] {dino} we are ruled by the biggest dumbasses in our history

[13:09] {dino} my rant is done

[13:11] {nemo} looks like we're of 1080

06[13:12] * Threei kicks CAT in the rear with heavy duty army boots

[13:12] {nemo} somebody call PETA

[13:13] {Threei} US Senate Majority Leader Reid (D): Planning to release the new jobs package next week

[13:13] {Threei} oh god

[13:13] {Threei} Ok kitty

[13:13] {Threei} off to races, will ya

[13:14] {Threei} if this one doesn't work, I go to monastery

[13:14] {larisa} stubborness at .60 wierd

[13:16] {larisa} come on CAT, give it to Vad

[13:17] {Threei} here kitty kitty kitty

[13:18] {Threei} what the deuce

[13:18] {Threei} gets going and stops

[13:18] {nemo} stop is .52?

[13:18] {Threei} gets going again, and returns to a start line

[13:19] {Threei} why would it be at .52??

[13:19] {nemo} 4-5 minutes ago db candles

[13:19] {Threei} I have different play in mind

[13:20] {Threei} .45 stop, same as from the beginning,

[13:20] {Threei} it tested .47 since the call

[13:20] {Threei} two targets

[13:20] {Threei} one is closer to 52, somewhere in .85 - .95 area

[13:21] {Threei} another is closer to 52.50,

[13:21] {Threei} something like .25-40 area

[13:21] {Threei} if all you wanted is scalp with .652 stop, you have 1:1

[13:21] {Threei} .52

[13:23] {Threei} Salinger died

[13:23] {nemo} Pierre or JD,,,I think Pierre was already dead

[13:24] {Threei} JD

[13:24] {Threei} catcher in the Rye

[13:24] {nemo} yep

[13:26] {fernp} out CAT ty Vad

[13:26] {Threei} NLST Settles patent infringement with MetaRam

[13:26] {Threei} - reached a settlement in the patent infringement lawsuits with San Jose, CA-based MetaRAM, Inc. The... (4.01, +0.22, 5.80%) more...

[13:26] {Threei} -The settlement resolves a dispute between the two companies concerning the use of proprietary memory modules, power management operations and other related technology.

[13:26] {Threei} - MetaRAM will not sell, offer to sell, release, or commercialize the MetaRAM DDR3 controllers in the U.S. or outside the U.S. Netlist contended that MetaRAM's DDR3 controllers and memory modules incorporating such controllers infringed its U.S. Patent No. 7,289,386, entitled "Memory Module Decoder." A provision in the settlement protects Netlist if another company purchases MetaRAM's patent and attempts to seek action against Netlist in the future.

[13:27] {Threei} welcome fern

[13:29] {Threei} over 1:1

[13:30] {Threei} first target hit

[13:30] {Threei} half out .88

06[13:31] * Threei slaps all pesky scalpers around a bit with frozen bony trout

[13:31] {Threei} NLST moving

[13:32] {fernp} Vad sometimes, you are good (CAT)

[13:32] {fernp} :-)

[13:32] {larisa} it worked, caz I asked nicely. he needs to learn not to kick, but be nice

[13:33] {Threei} thank you (I guess)

[13:33] {nemo} fcx not going up with arket

[13:33] {Threei} I find it hard toi believe Larisa...

[13:33] {fernp} well, forget "sometimes" word :-)

[13:33] {Threei} kind word and gun work much better than kind word alone

[13:34] {fernp} lol

[13:34] {nemo} rimm at downtrend line and 200 fwma..might be consilidating for another run on break of .45

[13:35] {nemo} support at .35

[13:36] {ilana} would CAT be a day trade?

[13:36] {Threei} to me that's what it is

[13:36] {ilana} ok thx

[13:37] {ilana} what would be the trail stop now?

[13:37] {ilana} under .70?

[13:37] {Threei} half out +.28, half trailed to breakeven

[13:37] {ilana} i see

[13:38] {Threei} next trail will be after it breaks 52

[13:40] {Threei} NLST is momo candidate

[13:40] {Threei} and overnight candidate

[13:41] {Threei} dtop to under .80 now

[13:41] {Threei} stop

[13:43] {Threei} 50 cents up

[13:45] {Threei} kind of half way between targets.. maybe 1/4 more out

[13:45] {Threei} personal choice

[13:45] {nemo} vwap at .07

[13:46] {Threei} UN official: UN special envoy held talks with a senior Taliban leader about potential peace agreement

[13:46] {nemo} oh, is that his head on the internet

[13:46] {Threei} I am imagining it's "you get out of our country and we are at peace" kind of agreement

[13:47] {dino} peace w/taliban=peace w/terrorists

[13:47] {dino} vote no

[13:47] {Threei} guess who is on TV

[13:48] {Threei} ranting agasinst damn banks and insurance companies

[13:48] {dino} elsworth toohey

[13:49] {Threei} funny wording:

[13:49] {Threei} will not stop fighting for healthcare for american people

[13:49] {Threei} considering that american people are against it, fighting with whom?

[13:50] {dino} he keeps this up, everybody will be covered under medicaid, as they will all be unemployed

[13:50] {Threei} 9% Expect Obamas Spending Freeze To Have Big Impact on Deficit

[13:51] {Threei} again: I take my share of the blame for not explaining it clearly

[13:51] {Threei} I can't beliebve it

[13:51] {dino} i must be losing it, but how does a freeze on 17% of the budget really matter

[13:52] {dino} especially when they keep raisig the debt ceiling

[13:52] {Threei} he doesn't have any advisor to tell him how arrogant it is?

[13:52] {dino} bingo! that's what magoo and i have been saying for a year

[13:52] {Threei} you are idiots, I am guilty in not realizing it so I'd explain twice, slower and in shorter words

[13:53] {Threei} and btw, he may be rightZ:

[13:53] {Threei} they applaud when he says that

[13:53] {dino} about the 9% sure, they are idiots

[13:53] {dino} gotta hop for 30 or so

[13:54] {dino} out ua +.37

[13:54] {Threei} wtg

[13:54] {dino} ty

[14:01] {Threei} done with CAT last 1/4

[14:01] {Threei} look at NLST offer

[14:02] {Threei} offers

[14:02] {Threei} wow

[14:02] {nemo} big bid at .40

[14:03] {Threei} same guy who just sold at .50 hopes to buy back at .40? :)

[14:06] {nemo} rimm's doing that afternoon run again

[14:40] {Threei} if market stays more or less neutral, let's keep ana eye on NLST as end of day run candidate, with .20 break as a trigger

[14:48] {Threei} lol

[14:48] {Threei} Ford guy on TV,

[14:49] {Threei} when asked about Toyota, he just can't keep himself from grinning ear to ear

[14:49] {i2romantis} lol

[14:49] {Threei} he honestly tries, and says right words

[14:50] {Threei} but grin breaks through

[14:51] {larisa} Mulalli ? he always smiles, even when testifying before congress :)

[14:51] {i2romantis} Vad, did you mean L for NLST?

[14:51] {i2romantis} or S?

[14:53] {Threei} long

[14:53] {nemo} look at that setup on rimm break of .15 we missed

[14:54] {i2romantis} thx

[14:54] {Threei} nice setup

[14:54] {nemo} yeah, look at that volume curve up into the break

[14:54] {Threei} that wasn't really a smile Larisa... that was face expression you can see on the face of ex0husband when he learns his ex divorces again

[14:55] {nemo} yeah, but now she's taken the next husband for all he's got also

[15:03] {nemo} I gotta' go c u 2morow

[15:04] {larisa} bye :)

[15:05] {dino} nlx

[15:12] {Threei} Preview: Senate to vote on confirmation of Fed Chairman Bernanke shortly

[15:12] {Threei} - Vote on Cloture due around 3:20pmET which would end the debate in the Senate and open the process to the official vote.

[15:12] {Threei} - Multiple sources have indicated that the official confirmation vote will occur immediately after Cloture.

[15:12] {Threei} - Cloture requires 60 votes to pass. By some counts circulating this afternoon, 51 senators have affirmed they will vote in favor of Bernanke, while 23 have affirmed they will vote against Bernanke, leaving up to 26 votes uncertain.

[15:12] {Threei} what a drama

[15:13] {Threei} as if they dare not to confirm him

[15:14] {larisa} losing that imaginary beer .. we need not confirmation and panic :)

[15:16] {Threei} not going to happen larisa

[15:17] {larisa} pessimist :)

[15:17] {Threei} that'd be me

[15:18] {Threei} if there are three ways for an event to end,

[15:18] {Threei} good bad and neutral,

[15:19] {Threei} I believe 4th will take place: horrific

[15:31] {billyc} gn all thanks for the trades i had a good day

[15:31] {Threei} take care billy, good to hear

[15:31] {ilana} NVLS .60 b/o?

[15:32] {dino} out snda .33, +.36

[15:32] {Threei} nice looking consolidation...

[15:32] {Threei} just don't cvount on muc,

[15:32] {Threei} much

[15:32] {Threei} thick, slow and generally narrow stock

[15:32] {ilana} nah, just +.50

[15:33] {ilana} are you out CAT yet?

[15:34] {Threei} yes, long ago

[15:34] {ilana} oh

[15:35] {Threei} we trailed stop to under .80 after it broke new high

[15:35] {Threei} then sold 1/4 more at _50 cents

[15:35] {Threei} +50

[15:36] {Threei} and last 1/4 got stopped for +.18

[15:36] {ilana} still with last 1/4

[15:36] {Threei} well, it came into second target

[15:36] {Threei} just take profit as you see fit

[15:37] {Threei} tremendous trade

[15:37] {ilana} why 52 is the last target?

[15:37] {Threei} closer to 62.50 was second target

[15:37] {Threei} 52

[15:37] {Threei} .35-.45 zone

[15:47] {fernp} another day in Mars. :-) Good evening everybody. See you all tomorrow

[15:47] {Threei} sold it Ilana?

[15:47] {Threei} wtg fern,

[15:47] {Threei} take care

[15:47] {fernp} ty

[15:48] {ilana} yes, at .38

[15:48] {ilana} thx

[15:48] {Threei} cool beans

[15:48] {ilana} in garlic souce

[15:48] {Threei} weith lemon

[15:51] {Les} AWIAV?

[15:51] {Threei} lol

[15:51] {Threei} no, but I am thinking of taking NLST

[15:51] {Les} oh yeh

[15:51] {Les} qid looking good

[15:52] {Les} I have moral dillemma

[15:52] {Les} went to wine degustation tonight

[15:53] {Les} but killed fox on highway on the way home

[15:53] {Les} first time I have killed animal

[15:53] {ilana} what's the dilemma?

[15:53] {i2romantis} terrible :)

[15:53] {Les} environmental impact

[15:53] {Les} remember, foxes are native to these parts

[15:54] {Les} they are part of ecosystem

[15:54] {Les} always my wines have been delivered by truck

[15:54] {Les} I go out, have a good time for once

[15:55] {Les} and I must kill fox

[15:55] {Les} someone is sending me a message

[15:58] {Les} pot

[15:58] {Les} wrong screen

[15:58] {ilana} is that where you cook the fox?

[15:59] {Threei} US) US Senate approves Ben Bernanke as Federal Reserve Chair

[15:59] {Threei} as if there was any doubt

[15:59] {Les} f&%ç

[15:59] {Les} that really made my day

[15:59] {Les} I'd prefer to run him over on the way home

[16:00] {Les} :D

[16:00] {Les} now I feel better

[16:00] {Threei} that'd really make a duifference

[16:00] {Threei} okay guys

[16:00] {Les} kex

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {Les} game over? ok night all c u tomorrow

[16:00] {i2romantis} 'twas a good day, see you all tomorrow

[16:00] {ilana} take care