Session Time: Tue Jan 04 00:00:01 2011
[08:11] {nemo} Mmmmhhhhh...MCP is on viagra
[08:16] {Threei} Yesterday 17:07SHZ SHZ, UXG named "New Buys" by Louis Navellier's Global Growth Newsletter- REMINDER: SHZ traded up than 100% last week in the run up in Chinese mining interests.
[08:18] {magoo} mornink comrades
[08:18] {Threei} hey mags
[08:21] {nemo} Gruss Gott!
[08:26] {nemo} why veco up a buck?
[08:27] {Threei} nothing fresh
[08:37] {nemo} http://vimeo.com/18150336
[08:39] {magoo} why is XOMA going nuts..news?
[08:39] {Threei} XOMA Signs Development and Commercialization Agreement for XOMA 052 with Servier; to receive $35M upfront payment, up to $470M in milestones, possible $800M on rights exercise
[08:40] {Threei} was halted earlier
[08:42] {Threei} (IR) Ireland Labour party: Would renegotiate IMF/EU aid package (related EUR/USD BUNDS )
[08:46] {Threei} if content with pre-market risk, XOMA .10 break
[08:46] {Threei} half lot
[08:46] {Threei} if stays above 6
[08:59] {ese} morning
[08:59] {Threei} ese :)
[09:00] {stewy} morning everyone
[09:00] {Threei} stewy :)
[09:03] {dino} gm all
[09:03] {Threei} dino :)
[09:03] {nemo} veco popped dino
[09:05] {dino} yeah, i see it
[09:05] {dino} gld hit, slv too
[09:07] {ese} stew dino nemo
[09:10] {ese} xoma...potentially successful diabetes drug........that is big, right up there with the cure for cancer
[09:13] {harth} morning crew:)
[09:14] {Threei} harth :)
[09:15] {larisa} gm :)
[09:16] {Threei} larisa :)
[09:16] {larisa} vad :)
[09:17] {RonS} good morning everyone. that Stanford Orange Bowl win was compelling. special team and story with those guys.
[09:18] {Threei} Ron :)
[09:18] {nemo} Patriots
[09:18] {Threei} I'd love to get a pullback on XOMA
[09:18] {Threei} this thing has a bad historyt of failures on rally attempts, but this time it just might be serious
[09:20] {magoo} 12.60 year high on XOMA chief
[09:20] {Threei} another massive bird kill
[09:20] {magoo} bird flu?
[09:20] {Threei} what the deuce
[09:21] {Threei} 12.60?
[09:21] {Threei} XOMA?
[09:21] {Threei} wgere do you see that?
[09:23] {ese} mcp is a wow...up 7pts yesterday up 4 today
[09:24] {Threei} looking to short SLW
[09:25] {Threei} waiting for something readable on XOMA, hopefully deep pullback to buy
[09:25] {Threei} something like 5.70, I'd be delighted
[09:27] {ese} indeed
[09:30] {jfjf64} mornin
[09:31] {Threei} jf :)
[09:30] {Threei} SLW dropped with no warning and no setup
[09:30] {Threei} XOMA said, what's pullback?
[09:31] {Threei} see if SLW bounces to around .40 for a short entry
[09:31] {magoo} i took .28 to .47 XOMA
[09:31] {jfjf64} slw
[09:31] {magoo} big offer .50
[09:33] {Threei} Short Setup: X .40 break
[09:33] {jfjf64} pbr
[09:33] {Threei} if stays under .50
[09:33] {jfjf64} .75 break
[09:33] {Threei} half lot
[09:35] {Threei} modification, .50 break
[09:35] {Threei} if stays under .60
[09:35] {Threei} double top attempt
[09:35] {Threei} invalidated too
[09:35] {nemo} mos dropping like stone
[09:36] {magoo} big pllbk rare earthges
[09:36] {Threei} I'd try REE off MCP
[09:37] {magoo} MOS vad lookie
[09:37] {Threei} if MCP breaks 61 and jumps, REE is long off .50 break
[09:38] {jfjf64} 1/1 pbr
[09:38] {nemo} maybe mcp follows ree
[09:38] {jfjf64} out
[09:38] {dino} ann sm l .75 stop .48
[09:38] {Threei} X
[09:38] {Threei} should be ready finally
[09:38] {Threei} .60 break short
[09:38] {Threei} if stays under .70
[09:39] {Threei} wow SLW
[09:39] {Threei} crap
[09:40] {Threei} best short idea of pre-market, and no entry
[09:40] {ese} L atpg .04
[09:41] {ese} out atpg .22 +.18
[09:42] {Threei} beautiful
[09:42] {ese} tks
[09:42] {dino} gj
[09:42] {ese} i'm sure it's going to go some more.......no need to be greedy now
[09:42] {nemo} apkt short .65?
[09:42] {dino} drys
[09:42] {Threei} look at the spread
[09:43] {nemo} oh yeah, just looked at the chart sorry
[09:43] {jfjf64} any read lvs bounce
[09:43] {Threei} closer to 46
[09:44] {ese} mrkt negative
[09:44] {ese} hmmmmmmmmm
[09:44] {magoo} out x .37 ty vad from ..64
[09:44] {Threei} :)
[09:44] {nemo} right read on apkt
[09:45] {Threei} small sjhares, very risky:
[09:45] {Threei} ATPG, .20 break
[09:46] {Threei} stop under 18, target around 18.60
[09:48] {RonS} 3i, l trigger for chop?
[09:49] {Threei} don't like it at all
[09:49] {RonS} k
[09:49] {dino} qqqq s .40 stop .52
[09:50] {jfjf64} xoma momma
[09:51] {RonS} aig bounce play?
[09:52] {Threei} maybe from under .20 on pullback, if not making new low
[09:52] {Threei} XOMA goes for 7 it seems
[09:53] {jfjf64} lvs got away
[09:53] {Threei} .60 is critical for XOMA
[09:53] {Threei} if takes it, 7 is very likely
[09:54] {jfjf64} you makin call or talkin out loud
[09:55] {jfjf64} i was gonna say thinkin but ......
[09:55] {jfjf64} lol
[09:56] {Threei} market is getting ready for bounce
[09:56] {Threei} Long Setup: XOMA .50 break if holding .40
[09:57] {Threei} semi-aggressive for .60 break
[09:57] {jfjf64} in
[09:58] {Threei} Long Setup: LVS .45 break
[09:58] {Threei} if stays above .35
[09:59] {ese} in xoma
[09:59] {jfjf64} ese little kick
[09:59] {Threei} LVS invalidated
[10:00] {ese} y
[10:00] {Threei} *(US) NOV FACTORY ORDERS: 0.7% V -0.1%E
[10:00] {jfjf64} need da bounce
[10:00] {jfjf64} market going
[10:01] {magoo} ijh xoma
[10:01] {magoo} .48
[10:02] {jfjf64} eats .60
[10:02] {dino} qqqq to .45
[10:02] {jfjf64} bammmmmmmmmmmmmmm
[10:02] {dino} scanners red
[10:02] {Threei} market getting really slammed today
[10:03] {jfjf64} move stop up xoma
[10:03] {jfjf64} ??
[10:03] {Threei} from .40??
[10:03] {jfjf64} yes
[10:03] {magoo} man SHZ
[10:03] {jfjf64} .45
[10:03] {Threei} no
[10:03] {jfjf64} ty
[10:05] {jfjf64} need 127 spy
[10:06] {Threei} XOMA is so ready
[10:06] {Threei} almost 9 month pregnant
[10:06] {Threei} 1:1
[10:06] {Threei} brrrreak
[10:07] {Threei} half out.73
[10:07] {dino} qqqq to flat
[10:07] {Threei} over 1:2
[10:07] {ese} out xoma .71 +.19
[10:07] {ese} tks vad
[10:07] {Threei} NOW stop to .45. jf
[10:08] {Threei} welcome ese
[10:08] {jfjf64} out
06[10:08] * Threei slaps jfjf64 around a bit with A Taoist Trader Course
[10:08] {jfjf64} ty
06[10:08] * Threei slaps magoo around a bit with a large roll of cash
[10:08] {Threei} welcome
[10:08] {jfjf64} +20 cents
[10:08] {jfjf64} tyty
[10:08] {Threei} double lot or what?
[10:08] {jfjf64} 2k
[10:08] {Threei} then ywyw
[10:08] {jfjf64} yabbba
[10:08] {jfjf64} dabbba
[10:08] {jfjf64} doooooooooo
[10:08] {Threei} do?
[10:09] {Threei} thought so
[10:09] {jfjf64} we havin fun yet boys and girls
[10:09] {jfjf64} jf crazy
[10:09] {Threei} I certainly do - half is stuill here
[10:10] {Threei} hopefully doesan''t rinse before proceeding to 7
[10:10] {jfjf64} wher is stop
[10:10] {jfjf64} ??
[10:10] {jfjf64} .65
[10:10] {nemo} .59
[10:10] {Threei} I'll kill him
[10:10] {Threei} may I?
[10:11] {Threei} [10:07] {Threei} NOW stop to .45. jf
[10:11] {magoo} by all meanz
[10:11] {Threei} ty
06[10:11] * Threei loads his Desert Eagle and aims at jf
[10:12] {nemo} can you own those in Canada?
[10:12] {Threei} no
[10:13] {Threei} Long Setup: SLW .50 break
[10:13] {Threei} if stays above .40
[10:13] {Threei} market looks bounce-ready to me
[10:13] {Threei} no aggressive entry though
[10:13] {Threei} let it prove itself
[10:14] {Threei} ok
[10:14] {Threei} stop under .40,
[10:14] {Threei} target .75 or so, with partails along the way
[10:14] {jfjf64} slw
[10:14] {jfjf64} go moma
[10:14] {nemo} missed
[10:14] {Threei} 1:1
[10:14] {Threei} half out
[10:14] {dino} qqqq cov/stopped +.05
[10:15] {Threei} stop .48 for the balance
[10:15] {Threei} market another slam
[10:15] {Threei} wow, someone knows something
[10:15] {Threei} is EU dissolving tomorrow?
[10:15] {Threei} and we just never got a memo?
[10:16] {Threei} out second half
[10:16] {Threei} scalpers win this one
[10:16] {Threei} but XOMA, baby
[10:16] {Threei} 1:3
[10:17] {Threei} 1/4 more out .85
[10:17] {Threei} offering last piece .98
[10:17] {Threei} stop .59
[10:17] {jfjf64} way to go
[10:17] {ese} L atpg .88
[10:17] {magoo} .97 here
[10:17] {Threei} .9699
[10:18] {RonS} out xoma .48 to .88 thxs 3i...
[10:18] {Threei} Ron :)
[10:18] {jfjf64} need to learn to stay in trades
[10:19] {jfjf64} teach me
[10:19] {jfjf64} sensi
06[10:19] * Threei slaps jfjf64 around a bit with A Taoist Trader Course
[10:19] {jfjf64} lol
[10:19] {Threei} have you ever gotten to Traders Routines?
[10:19] {jfjf64} yes
[10:19] {Threei} practicing them?
[10:19] {Threei} I have this nagging feeling I am going to regret .98 exit...
[10:20] {jfjf64} when in trade all fuzzy
[10:20] {Threei} sure
[10:20] {Threei} that's what routines are for
[10:20] {magoo} me too. way over 7 comith
[10:20] {jfjf64} wher is ya stop
[10:20] {Threei} to remove YOU from the equation
[10:20] {jfjf64} xoma
[10:20] {Threei} and leave only automated response
[10:20] {jfjf64} ??
[10:20] {Threei} 10:17] {Threei} stop .59
[10:21] {Threei} grrr... SLW rinsed balance
[10:23] {jfjf64} dhz bounce
[10:23] {jfjf64} }}}
[10:23] {jfjf64} shz
[10:23] {Threei} hmmm
[10:23] {Threei} made double tope, lower low
[10:23] {Threei} nah, not liking it
[10:27] {nemo} Europe has begun confiscating private pension funds
[10:27] {dino} itri sm l .15
[10:27] {dino} huh nemo?
[10:28] {nemo} http://goo.gl/fb/WJ6Gk
[10:29] {Threei} sounds like bs to me
[10:29] {jfjf64} aap
[10:30] {Threei} done with XOMA last piece
[10:31] {nemo} FOMC day, probably dead now
[10:31] {Threei} Long Setup: RIMM .90 break
[10:31] {Threei} if stays above .80 for scalpers, .75 day traders
[10:32] {Threei} it's not FOMC rate decision
[10:32] {Threei} it's FOMC minutes
[10:32] {nemo} nevermind
[10:32] {Threei} pretty much nonevent
[10:33] {Threei} well, unless it comes out that ben appeared in meeting in chicken costume and drunk tequila from the bottle all the while delivering his speech
[10:34] {dino} itri stopped -.20
[10:34] {RonS} which, obviously, would cause the market to rally...
[10:34] {ese} check ou trow dino
[10:35] {Threei} I guess ron... as good as any other excuse
[10:35] {ese} has got it all.....covered gap double bottom 1min chrt doji's 15min chrt
[10:35] {dino} trow downgrade
[10:36] {ese} ya.....
[10:40] {dino} mpwr
[10:40] {dino} momb
[10:40] {dino} homb
[10:41] {jfjf64} pcs
[10:41] {jfjf64} .91 break
[10:41] {jfjf64} 5 min
[10:41] {jfjf64} imo
[10:43] {magoo} SHZ read vad?
[10:43] {Threei} none
[10:43] {Threei} hectic and patternless
[10:44] {dino} trow nice spot es
[10:44] {nemo} flr
[10:45] {dino} mpwr l .75
[10:54] {ese} nice short cover bounce
[11:00] {dino} homb sm l .00
[11:00] {ese} same old december grind.......up to start slowly then slowly make cut and open wound larger as the day progresses until slow death has been achieved
[11:01] {Threei} lol
[11:03] {Threei} look at SLW
[11:03] {Threei} that pre-market short would have been best to trade by entering and fainting for a few hours
[11:07] {Threei} Short Setup: GLD .10 break break
[11:08] {Threei} stop above .20
[11:10] {nemo} wow tna dropped .75 less than a minute
[11:10] {Threei} whole selling today feels very... ummm
[11:10] {Threei} purposeful and determined
[11:10] {Threei} no go GLD
[11:11] {Threei} no sense of just a little profit taking
[11:11] {Threei} rinse
[11:11] {Threei} hate it
[11:12] {nemo} why you set stop there with the previous peak at .29?
[11:13] {Threei} there was consolidation after that spuike
[11:14] {dino} ipi sm l .70
[11:15] {RonS} bidu short trigger setting up 3i?
[11:16] {RonS} oops, not yet...
[11:17] {Threei} chart wise, yes, but volatility makes it hard to narrow to exact entry
[11:20] {magoo} XOMA bounce vad?
[11:20] {Threei} not yet
[11:21] {Threei} needs more selling
[11:21] {magoo} drat, took .50
[11:22] {dino} mur gap fill
[11:22] {dino} ugh missed
[11:26] {Threei} watching X for long entry on pullback
[11:26] {Threei} closer to .70
[11:29] {Threei} want sharp dive to around .70 or just under, stabilization and holding above .60
[11:29] {Threei} get ready
[11:29] {Threei} took .70
[11:29] {Threei} stop under .60
[11:35] {_kschun} idea behind X?
[11:36] {Threei} 1;1
[11:36] {Threei} mostly making money...
[11:36] {RonS} hehe
[11:36] {Threei} aside of smart a$$ asnwer, which I admittedly fond of, well,
[11:37] {Threei} deep pullback from 60 into support established around 11:15,
[11:37] {Threei} there is/was one more support at .80,
[11:38] {_kschun} all o.k. thanks.
[11:38] {Threei} normally wheh there are two of them close enough to each other, I porefer to let first one get broken,
[11:38] {Threei} second usually holds better
[11:38] {Threei} and there is an entry point into mini-panic ensuing after first is broken
[11:38] {Threei} but I still like my first answer better :)
[11:38] {_kschun} o.k. thanks man.
[11:39] {Threei} np
[11:39] {_kschun} :-) aggree on this man :-)
[11:41] {ese} L sso .76
[11:42] {dino} esi sm l .95
[11:42] {dino} stop .78
[11:44] {nemo} cat at support
[11:44] {nemo} could be short
[11:45] {dino} stopped
[11:48] {dino} veco sm l .09
[11:48] {dino} stop .88
[11:54] {nemo} Funny...with the up movement .31 cents down on the spy feels like the end of the world
[11:55] {Threei} to me, everything feels like the end of the world these days
[11:56] {dino} it is for some
[11:56] {Threei} I dropped an egg on the kitchen floor a few days ago... sheesh, that earthquake followed within a few minutes
[11:56] {Threei} I am scared to lift a frying pan since then
[11:56] {Threei} I may cause tsunami somwhere if I am clumsy
[11:57] {stewy} .
[11:57] {_kschun} LOL
[11:57] {ese} stopped sso .66 -.10
[11:57] {ese} ddddddddddaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!
[11:58] {RonS} ese, didja watch that video?
[11:58] {ese} not yet ron
[11:59] {Threei} oh, and I still owe apologies to Europe for that cold snap... never again will I try to set thermostat down in my house
[11:59] {Threei} guys, anyone's up for a swing trade with low risk?
[11:59] {Threei} FAZ
[11:59] {Threei} stop under 8.80
[12:00] {Threei} look at daily
[12:00] {Threei} has a chance for a good bounce here,
[12:00] {Threei} and if this market selling takes root, can move to 10 and higher easily
[12:02] {RonS} ...something for th kids and the kid in all of us
[12:02] {RonS} yep
[12:03] {_kschun} may watch LLL at this level
[12:03] {_kschun} just forgot URBN... could beat me for this one, set alarm false...
[12:06] {_kschun} FAZ going
[12:06] {_kschun} great idea there Vad!
[12:08] {RonS} watch it _kschun...don't take his job...
[12:08] {RonS} ...he likes to pat himself on the back...
[12:08] {_kschun} I am not this good... not yet :-)
[12:09] {nemo} you eat bacon?
[12:09] {_kschun} CVC maybe becoming interesting? looks good on a daily, nice little consolidation
[12:09] {magoo} where was faz entry?
[12:09] {nemo} axp short?
[12:09] {nemo} 44 break
[12:09] {ese} whad i tell youz.....slow death here today
[12:10] {_kschun} I grapped some at 9.03
[12:10] {RonS} rotflol
[12:11] {_kschun} 44 definitively important level for AXP
[12:12] {RonS} ese, u r killin me...watch that video...it will change your outlook
[12:13] {ese} send me the link on it again
[12:13] {RonS} www.wherethehellismatt.com
[12:18] {ese} would have cost alot of money to dance all over the place like he did
[12:19] {RonS} i heard he started posting individuals...and got sponsors
[12:19] {ese} L rig .49
[12:21] {dino} msb sm l .60
[12:22] {nemo} oh good...
[12:22] {nemo} it's after noon
[12:25] {_kschun} watch out for bounce, divergence in TICK
[12:26] {dino} trow lod
[12:26] {RonS} .rut and .vix pointing to more downside...
[12:27] {_kschun} what is .rut?
[12:27] {nemo} russel 2000
[12:27] {RonS} russell 2000
[12:27] {nemo} russell
[12:27] {_kschun} ah o.k. thanks
[12:27] {nemo} iwm
[12:27] {nemo} tracks it
[12:28] {_kschun} o.k. got it thnaks guys
[12:30] {Threei} FAZ ticking nicely
[12:32] {_kschun} PG holding quite well in this sell off
[12:32] {_kschun} FAZ great call !!!
[12:33] {ese} out rig .35 -.14
[12:33] {ese} this is one of dem days
[12:38] {dino} i hear ya es, that was my morning
[12:40] {_kschun} PG someone taking shares at .62. if this level breaks I am out.
[12:41] {_kschun} got in at .63
[12:41] {Threei} Long Setup: V .50 break
[12:41] {Threei} if holding .40
[12:41] {RonS} i find this outrageous: Netanyahu Asks Obama to Grant Clemency to Convicted Spy Pollard
[12:42] {Threei} USD/CAD Moves back above parity
[12:43] {Threei} I find outrageous that CAD an go to parity and beyond
[12:48] {magoo} vad look mcp ree
[12:48] {magoo} shz
[12:48] {_kschun} URBN now pulling back
[12:49] {_kschun} looking quite good to me for a swing trade too. what do you guys think?
[12:49] {Threei} mags, keep them on a backburner for now, IMO
[12:49] {Threei} wide market selling, not a joke
[12:51] {nemo} spy breaking downtrend, s2 support .17
[13:00] {dino} esi sm l .20
[13:02] {_kschun} sorry guys, what is sm?
[13:02] {nemo} small
[13:02] {nemo} or, if your vad
[13:02] {nemo} Sadism Masochism
[13:03] {Threei} hmmm
[13:03] {Threei} how is it anything me?
[13:03] {nemo} you came to mind first, and Les isn't here
[13:04] {_kschun} o.k. thanks :-)
[13:05] {_kschun} I love such days, missed URBN the second time...
[13:08] {_kschun} however now I leave it, tried making new highs, failed, so no longs anymore in this one for today
[13:08] {_kschun} did you guys catch the downside on SPY and made some money?
[13:08] {Threei} we had quite a few calls in the morning
[13:09] {Threei} upside and downside
[13:09] {Threei} none of them was on SPY though
[13:09] {Threei} if that's a requirement, then no, we didn't
[13:11] {_kschun} :-). no all o.k. FAZ call was enough for the hole day :-) and this one may keeps going next days, so n offense :-)
[13:12] {Threei} well, if that one is enough to make you happy, then too bad you missed XOMA call - that would have made your month :)
[13:13] {_kschun} :-) - yeah this one I missed... :-)
[13:14] {Threei} lordy, even magoo was happy about that, and to satisfy magoo is not a small feat
[13:16] {_kschun} @Vad: sorry for asking stuff all the time, but: are you always in here until 4 p.m. ?
[13:16] {Threei} yes
[13:16] {Threei} doesn't mean I am always awake, but then again, being asleep doesn't prevent me from trading
[13:18] {_kschun} all o.k. :-). man, only for you jokes it would be worth paying the subsription money LOL. why you don't go to CNBC? :-)
[13:20] {Threei} it's all Ron's fault
[13:20] {RonS} lol
[13:20] {RonS} and i was holding back typing...face made for radio
[13:20] {Threei} I was totally ready to build a career as a stand-up... but he said my jokes suck, and killed my self-confidence
[13:21] {_kschun} LOL :-)
[13:21] {_kschun} CVC, at least this one I catched. holding half for a swing
[13:21] {RonS} accent made for Mel Brooks...
[13:22] {RonS} that would be funny...the CNBC porducers passing out when Vad came w/ a "soviet" joke
[13:22] {RonS} producers
[13:23] {RonS} everyone on the set going ...whaaa?
06[13:24] * Threei slaps RonS around a bit with a 4lb bag of juniper berries
[13:24] {RonS} perfect
[13:24] {_kschun} LOL can say so far as it concerns myself: you guys found a new life-long-member of your service, you have already someone from Switerland?
[13:25] {RonS} oh no nemo...
[13:25] {nemo} I'm speechless
[13:25] {RonS} rotflol
[13:26] {RonS} i'm cryin from laughing so hard...
[13:29] {RonS} ...i figured,,,the way you've been spelling, that you were some US huckleberry
[13:29] {RonS} ...now you get a spelling pass...
[13:30] {_kschun} :-) lol :-)
[13:31] {nemo} I'll be your huckleberry
[13:31] {RonS} Val Kilmer
[13:31] {RonS} his best part
[13:31] {nemo} It's a staple around here
[13:35] {Threei} (US) Preview: Minutes of the December FOMC meeting due out at 14:00ET**The December minutes mark the last meeting before the committee is reshuffled to a slightly more hawkish mix. The December meeting was low key with only a few minor changes made to the policy statement after the QE2 program launch at the prior meeting. - Analysis of the minutes will likely focus on any discussions of the conditions under which QE2 could be shortened, as part of the committees "regular review" of the ongoing asset purchase program. Recent jobs data has shown some improvement, so some members may want to lay the groundwork for an early exit should the economy continue to improve.
[13:35] {dino} out mpwr .88, +.13
[13:36] {_kschun} may short LPS
[13:37] {nemo} me thins you might get a bounce around .34
[13:43] {RonS} onnn
[13:43] {Threei} SATC Strength attributed to boutique analyst firm commenting that SATC has secured a large contract (4.95, +0.21, 4.43%)
[13:44] {stewy} .
[13:44] {dino} lulu
[13:44] {_kschun} thanks nemo
[13:44] {RonS} lulu losing the tutu?
[13:45] {RonS} nuts, cannot s lulu...
[13:45] {dino} gap around 56
[13:45] {Threei} shortable here
[13:46] {_kschun} V back at .50
[13:46] {dino} also 63.40
[13:46] {stewy} 3i, question on faz swing trade(not in it)
[13:46] {stewy} is fomc release a concern or not for entry?
[13:47] {Threei} nah
[13:47] {stewy} ty
[13:47] {Threei} it's non-event
[13:47] {Threei} they simply release the notes of their decision-making process for the last rate decision
[13:47] {nemo} Vad X
[13:47] {nemo} AXP too
[13:48] {Threei} they form long setups buit frankly, I am hesitrant about those
[13:48] {Threei} today's selling doesn't feel like a fluke to me
[13:48] {nemo} too obvious?
[13:49] {Threei} a bit... but most of all,
[13:49] {nemo} only thing, spy should go to at least .70 and take them with it
[13:49] {Threei} I don't feel comfortable with long side
[13:49] {nemo} short then?
[13:49] {Threei} the way sellers hit today had all the markings of serious sustained endeavor
[13:49] {dino} esi to .70
[13:49] {Threei} well, there is no setup for short
[13:49] {dino} out esi +.60
[13:49] {RonS} gj
[13:49] {dino} opps +.50
[13:50] {dino} thx
[13:50] {magoo} SHZ
[13:50] {magoo} looks like it will break highs
[13:51] {magoo} .12 when i typed that
[13:55] {RonS} RL...bearish engulfing candle of last six trading days. could be great short for next bounce...
[13:58] {dino} lulu sm l .00
[13:58] {magoo} XOMA trying
[14:01] {magoo} SHZnitt
[14:01] {magoo} .38
[14:01] {magoo} there high
[14:01] {magoo} .44
[14:02] {magoo} new high here
[14:03] {magoo} XOMA
[14:03] {magoo} high
[14:03] {Threei} goes for that 7
[14:03] {RonS} 3i, two way play on slw on flag break?
[14:04] {Threei} looks tright to me
[14:04] {Threei} right too
[14:06] {nemo} what the minutes say
[14:06] {Threei} 13:35] {Threei} (US) Preview: Minutes of the December FOMC meeting due out at 14:00ET**The December minutes mark the last meeting before the committee is reshuffled to a slightly more hawkish mix. The December meeting was low key with only a few minor changes made to the policy statement after the QE2 program launch at the prior meeting. - Analysis of the minutes will likely focus on any discussions of the conditions under which QE2 could be shortened, as part of the committees "regular review" of the ongoing asset purchase program. Recent jobs data has shown some improvement, so some members may want to lay the groundwork for an early exit should the economy continue to improve.
[14:11] {RonS} lvs
[14:11] {Threei} partialling out SLW?
[14:11] {Threei} don't oversit, things can change on a dime today if sellers return
[14:12] {Threei} smackdown will be brutal
[14:15] {nemo} we close flat
[14:15] {larisa} no, way up :)
[14:15] {Threei} no way way up
[14:15] {nemo} That was my pessimistic assumption
[14:20] {dino} tsco
[14:24] {dino} msb to .20
[14:24] {RonS} out slw .055 to .28...thxs 3i
[14:25] {Threei} nice
[14:25] {dino} gj
[14:26] {dino} homb to .15
[14:26] {_kschun} CVC new high, last possible entry for a swing
[14:28] {jfjf64} which way you swingin??????
[14:28] {dino} veco to .49
[14:29] {_kschun} long
[14:29] {dino} out +.40
[14:29] {RonS} gj
[14:30] {dino} thx
[14:30] {dino} f' up on lulu, had .46
[14:31] {_kschun} small spy short
[14:31] {RonS} lulu...always been a spinner...
[14:31] {dino} msb to .30
[14:32] {dino} out msb .30, +.70
[14:32] {RonS} wow, gj
[14:32] {magoo} SHZ
[14:32] {dino} :D
[14:35] {_kschun} out SPY
[14:36] {_kschun} long GD
[14:36] {dino} no buyers of mos going into earnings
[14:36] {_kschun} must breat 70, if not I am nout
[14:37] {RonS} guess they turned into rolling stones...
[14:52] {Threei} Short Setup: SHZ .50 break half lot
[14:53] {Threei} let's modify it
[14:53] {Threei} .60 break
[14:53] {Threei} if stays under .70
[14:54] {dino} ipi to .09
[14:56] {dino} out ipi +.39
[14:56] {Threei} SHZ is not a scalp
[15:04] {Threei} no go
[15:06] {RonS} athr
[15:06] {dino} homb to .19
[15:06] {dino} athr spike
[15:06] {RonS} Qualcomm near deal to buy Atheros for $45, or $3.5 billion, a 22% premium.
[15:06] {dino} qcom buyout
[15:06] {Threei} ATHR is the one being bought out
[15:07] {Threei} hatled
[15:07] {RonS} circuit halt...now trading
[15:07] {Threei} yup
[15:07] {dino} 45/sh
[15:08] {Threei} market feels to me like dropping into close
[15:09] {magoo} X sh candidate?
[15:09] {Threei} SLW... .50 break short maybe
[15:09] {Threei} X a bit tougher to find a setup
[15:09] {RonS} athr 9.6 mil sh short
[15:11] {Threei} frikin SHZ rinsed
[15:11] {Threei} now it does what it had to do
[15:13] {_kschun} FAZ
[15:16] {_kschun} LONG SMALL LLL
[15:24] {Threei} XOMA... non-stop
[15:31] {_kschun} TSLA
[15:34] {_kschun} forget, doesn't look ready to go
[15:39] {_kschun} must take out .55
[15:39] {dino} out lulu .15, +.15
[15:39] {dino} back in ten
[[15:46] {dino} homb to .24
[15:46] {dino} dirt language is implied
[15:46] {dino} i'm yelling all day
[15:47] {_kschun} out TSLA, don't trust this one
[15:49] {RonS} i have heard of homie and holmley but not homb...
[15:49] {_kschun} would be interesting where TSLA trades tomorrow on the open
[15:51] {dino} out homb .27, +.27
[15:52] {dino} idcc
[15:52] {RonS} sheesh forgot i had a sm l tsco at .20...hit and covered at .32...feel like an idiot
[15:54] {RonS} ...the daily seems like xoma wants to test 10.00
[15:55] {dino} 5 minutes
[15:55] {RonS} sometime...
[15:56] {Threei} unless some new news appear overnight, 8 won't be any problem for XOMA tomorrow
[15:59] {dino} unless i buy it
[15:59] {Threei} lol
[15:59] {magoo} lets hope no gap vad
[15:59] {Threei} thank you all
[15:59] {Threei} yeah
[15:59] {dino} :D
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {harth} cya Wed!
[15:59] {magoo} vad, wait for MOS
[16:00] {Threei} sorry mags, can't
[16:00] {stewy} take care. c u all tomorrow
[16:00] {larisa} bye!
[16:01] {_kschun} great eeve guys, thanks vad!
[16:01] {jfjf64} good night all
