Mar 11 2010

Two bigger winning trades on IMAX, both long and short, and couple scalps - and quite a few small stops, practically nullifying the profit. Flat day for us - not exactly ending the winning streak but pausing it.

Session Time: Thu Mar 11 00:00:00 2010

[08:11] {Threei} (US) Preview: Jan Trade Balance expected out at 8:30amET (13:30 GMT)

[08:11] {Threei} **consensus expectation: -$41.0Be v -$40.2B prior (range of analyst estimates seen from -$4040B to -$37.0B)

[08:11] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET

[08:11] {Threei} - Expectations for initial claims are 460Ke v prior week at 469K (range seen from 440K to 480K)

[08:11] {Threei} - Continuing claims seen at 4.500Me v prior week at 4.500M (range seen from 4.450M to 4.600M)

[08:30] {Threei} *(US) JAN TRADE BALANCE: -$37.3B V -$41.0BE

[08:30] {Threei} US) INITIAL JOBLESS CLAIMS: 462K V 460KE; CONTINUING CLAIMS: 4.558M V 4.500ME

[08:31] {Threei} BSX FDA Approves Boston Scientific's Express(R) LD Iliac Stent System (7.65, 0.00, 0.00%)

[08:33] {Threei} - The Express LD Iliac Stent is the first and only low-profile, premounted, balloon-expandable stent approved by the FDA for use in treating iliac artery disease. The Company said it plans to launch the product immediately in the United States.

[08:33] {Threei} - Atherosclerotic iliac disease occurs when plaque builds within the arteries that supply blood to the legs, which can lead to poor blood flow, leg pain and other complications. The disease can be treated with medication, surgery or angioplasty.

[08:44] {Threei} Imax Corp Exec: Expects 2010 to be a much stronger year for theater signing - conf call

[08:44] {Threei} - Attributed mostly to Avatar which exceeded significantly expectations

[08:44] {Threei} - Alice in Wonderland has exceeded significantly expectations as well

[08:44] {Threei} - Will revisit strategic operations

[08:47] {nemo} hehehe...fresh meat :)

06[08:48] * Threei slaps nemo around a bit with a large reminder of how polite people start heir morning

[08:48] {nemo} have you forgotten to whom you are speaking?

[08:48] {fernp} Good morning everybody

[08:48] {Threei} no, but I still hold faint hope

[08:48] {Threei} fern :)

[08:48] {Threei} see nemo?

[08:48] {nemo} HOPE...is a four-letter word

[08:49] {Threei} open the door, enter the room, look around, see people - and say good morning!

[08:49] {nemo} Buenas Dias Fern

[08:49] {nemo} I prefer sneaking in...striking...and slithering back out

[08:49] {fernp} buenas nemo

[08:50] {nemo} AIG news this morning Vadster?

[08:50] {Threei} no

[08:50] {nemo} trader toy then, huh?

[08:50] {Threei} pretty much

[08:50] {Threei} either squeeze or squeeze fears

[08:52] {Threei} from circulating e-mail:

[08:52] {Threei} Prius driver: Well will you look at that, this thing actually CAN do 90! Bill owes me 50 bucks! Ha ha Oh crap, are those police lights behind me? Dang! Wait this is a TOYOTA Prius uh I cant slow down, right? Yah. Thats the ticket. Maybe they wont give me one if I just wave my arms and look like I cant figure out how to stop this thing?

[08:53] {nemo} oh they can go fine...my ex had one, I remember 80 mph being no problem

[08:53] {Threei} another pearl:

[08:53] {Threei} Buy a Toyota and fight that ticket!

[08:53] {Threei} Caught in the radar beam of a speed gun? Picture taken by a red light camera? Not a reason for concern if you drive a Toyota! Keep going! Simply call 911 and tell them your car is speeding out of control. Eventually, a police officer will catch up with you. Follow the instructions of law enforcement for bringing your vehicle to a halt. Remember: This works only in a Toyota! So get one now. Operators are standing by.

[08:53] {nemo} they have a 4-cyl. engine that takes over for the battery

[08:54] {nemo} hehehehe

[08:55] {Threei} Buy a Toyota and become a celebrity!

[08:55] {Threei} Want to join the ranks of the rich and famous? Now YOU can use a proven method that has been a secret until now: Buy a Toyota! Drive it along the freeway. Then press 9 1 1 and DIAL on your cell phone. Operators are standing by. Tell them you cannot stop your car and it is a Toyota. Remember that all-important phrase. You MUST say its a Toyota. You will become the star of FREE press conferences. Your will be on NATIONAL TV for FREE. Magazines will offer you money for EXCLUSIVE INTERVIEWS. Publishing companies will BID FOR THE BOOK RIGHTS.

[08:57] {Threei} IMAX is a bit strange

[08:57] {Threei} smashing earnings and guidance, traded around 16.40 first thing in the morning,

[08:58] {Threei} then CC started, it dropped into red

[08:58] {Threei} 15.90

[08:58] {Threei} recovered a bit now

[09:06] {Threei} - Says Avatar created significant brand awareness and solidified studio relations

[09:06] {Threei} - Expects growth of 35% of revenue from JV theaters

[09:06] {Threei} - Expects "healthy" earnings and EBITDA in the long-term through brand growth

[09:07] {Threei} now it's getting velocity

[09:08] {nemo} yep

[09:08] {Threei} well, let's see if we get some readable pullback

[09:09] {nemo} right

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:09] {nemo} ford

[09:09] {strider} morning all

[09:09] {nemo} HB!

[09:09] {Threei} strider :)

[09:09] {strider} :)

06[09:09] * nemo slaps Les around a bit with a large trout

[09:10] {Threei} BSX worth watching too

[09:11] {Threei} not bad results from big bird:

[09:11] {Threei} RAVN Reports Q4 $0.32 v $0.31e, R $55.8M v $56Me

[09:11] {dino} gj raven

[09:11] {Les} oh that just warms my heart. I haven't even finished reading the log Nemo...

[09:11] {Les} afternoon

[09:11] {Threei} les :)

[09:13] {Raven} thx dino :)

[09:13] {Threei} ugh IMAX

[09:13] {Threei} seriously got away

[09:14] {dino} :)

[09:14] {dino} yuii

[09:17] {Threei} SYNO Expects significant improvements in FY10 - conf slides (2.90, 0.00, 0.00%)

[09:17] {jfjf64} mornin

[09:17] {Threei} jf :)

[09:18] {jfjf64} cant log into scanner play around after open

[09:19] {Threei} when you copy username and password, watch for spaces around them

[09:19] {Threei} if you copy a space, scanner login takes it as a meanignful chartacter and refuses to let you in

[09:19] {nemo} yuii dino

[09:20] {dino} see above

[09:20] {dino} grant thornton acct quit

[09:20] {Threei} Yuhi International Grant Thornton to resign as accounting firm -filing (update)

[09:20] {Threei} - On March 5, 2010, Yuhe International, Inc. was notified by Grant Thornton, the China member firm of Grant Thornton International, its independent registered public accounting firm, that Grant Thornton is resigning as the Companys independent registered public accounting firm effective immediately.

[09:21] {nemo} oy vay

[09:23] {nemo} lari :)

[09:24] {larisa} gm nemo, vad, all:)

[09:24] {Threei} larisa :)

[09:24] {Les} hi larisa

[09:24] {larisa} les :)

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:31] {Threei} GNBT Receives Positive Responses From Independent Physicians and Nurse Practitioners in Recent Focus Groups Conducted in the United States for Generex Oral-lyn(TM) (0.66, +0.02, 2.48%)

[09:33] {Threei} Long Setup: IMAX .50 break half lot

[09:33] {nemo} too fas

[09:33] {Threei} stop under .35

[09:33] {Threei} same setup valid again

[09:33] {Threei} invalidated

[09:34] {Threei} trades a bit hysterically, let's let it drop more

[09:34] {nemo} qs volume up 330% spy 100% for this time of day

[09:35] {nemo} fas taking off

[09:36] {Threei} all finnies did

[09:36] {Threei} WFC lagged a bit, but jumped fast

[09:36] {Threei} pulling back now

[09:36] {Threei} .50 recross long

[09:36] {Threei} stop under .40

[09:36] {nemo} whipsaws this morning

[09:37] {Threei} let's try aggressive

[09:37] {Threei} in .44

[09:38] {Threei} .38 stop

[09:38] {KSystems} ah

[09:38] {KSystems} thats looking better

[09:38] {Threei} ks :)

[09:38] {KSystems} morning

[09:38] {nemo} Gruess Gott

[09:38] {Threei} US Senator Dodd to unveil financial reform bill Monday without support of Republicans; hopeful may still reach deal - WSJ

[09:40] {Threei} come on WFC

[09:40] {Threei} jump

[09:42] {Threei} half out .55

[09:43] {Threei} stop to .43

[09:43] {dino} jcg sm l .51

[09:47] {nemo} nice precision on that retrace

[09:47] {jfjf64} imax vad

[09:47] {Threei} can't make up my mind on it jf

[09:47] {Threei} not enough enthusiasm

[09:47] {jfjf64} ty

[09:47] {Threei} I'd think, more downside

[09:48] {Threei} out balance WFC

[09:48] {Threei} oh well

[09:49] {jfjf64} vxx

[09:49] {Threei} Short Setup: IMAX .90 break

[09:50] {Threei} if stays under 17

[09:52] {Threei} no go

[09:53] {Threei} don't have a feel for IMAX obviously

[09:55] {Threei} (CH) Chile continues to experience after shocks; most recent 7.2 magnitude quake hits Libertado O'Higgins

[09:55] {Threei} PBR Reportedly discovering oil in Colombia (46.55, -0.01, -0.02%)

[09:55] {fernp} INTC if breaks 21.00, Vad?

[09:56] {Threei} if you want a few cents scalp

[09:57] {dino} nav hl l .85

[09:58] {dino} geoy

[09:59] {Threei} IMAX rinse

[10:00] {RonS} BBBY fbr cut rating

[10:01] {Threei} CAT May shift some excavator production to the US from Japan, could double the number of US excavator staff (related JOBSX )

[10:01] {Threei} all this jumping up and down is happening in too narrow range

[10:02] {Threei} not finding squat so far

[10:03] {dino} then stand up

[10:03] {Threei} VXX, should dive briefly under .20 and become a long on recross

[10:03] {jfjf64} gymb

[10:03] {jfjf64} .50

[10:04] {nemo} ?

[10:04] {Threei} AIG

[10:04] {Threei} 37 break

[10:04] {nemo} you mean 50.00?

[10:04] {Threei} half lot long, stop .85

[10:04] {Threei} YUII Spokesperson: Material weakness is believed to be tied to Sarbanes-Oxley compliance levels (9.51, -2.49, -20.75%)

[10:05] {Threei} (FR) President Sarkozy is not in favor of weak euro - Le Figaro

[10:05] {Threei} lol, euro is going to listen to him

[10:05] {Threei} VXX, .15 break long

[10:06] {Threei} stop under .10

[10:06] {Threei} AIG invalidated

[10:06] {Threei} sigh

[10:06] {Threei} what's with today

[10:07] {nemo} markets say your winning streak too long

[10:07] {Threei} or is it my losing day finally, after 4 weeks and 3 days of winning streak?

[10:07] {Threei} yeah, could be

[10:07] {dino} eqt l .00

[10:08] {dino} stop that kind of talk, the day is young

[10:08] {Threei} thought of VXX .30 short and decided against it

[10:08] {Threei} my read is off so far today

[10:09] {Threei} look at IMAX

[10:09] {Threei} that short was exactly right idea, and got rinsed by what, couple cents?

[10:11] {Threei} VXX long, same

[10:11] {nemo} .15 break?

[10:12] {Threei} yeah

[10:12] {Threei} rinse

[10:12] {jfjf64} guess no gymb takers 50.00

[10:13] {nemo} wow...nice jf

[10:13] {dino} gj

[10:13] {jfjf64} watchin 5 min chart now

[10:14] {jfjf64} ty

[10:16] {fernp} STI breakdown, Vad?

[10:16] {Threei} looks right

[10:17] {fernp} ty

[10:17] {jfjf64} .58 break gymb

[10:17] {jfjf64} big stop

[10:18] {jfjf64} 5 min chart boli up there

[10:19] {jfjf64} what ya think vad

[10:19] {Threei} not delighted

[10:21] {Les} ITMN closing in on 37

[10:22] {larisa} IMAX scalped off bottom, watching for db

[10:22] {strider} TM strong today

[10:23] {Threei} wtg larisa

[10:23] {Threei} IMAX looks ready for bigger bounce

[10:23] {jfjf64} 1/1

[10:25] {Threei} Long Setup: IMAX .60 break

[10:25] {Threei} if stays above .50

[10:30] {Threei} not a scalp for me

[10:30] {Threei} will try to partial if works

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 210M shares, about 14% below its three-month average; decliners lead advancers by 2.7:1.

[10:32] {Threei} - NASDAQ volume 535M shares, about 6% above its three-month average; decliners lead advancers by 1.9:1.

[10:32] {Threei} - VIX index +2.5% to just over 19.00

[10:32] {Les} attention vad: you're hour of active market was up 2 mins ago :)

[10:33] {Threei} today is different

[10:33] {Threei} we had no early range

[10:33] {Threei} break of narrow opening one can set very different stage

[10:33] {Les} ok

[10:34] {jfjf64} dps 35.00

[10:34] {nemo} if that bid real, floor at .60

[10:34] {nemo} ope

[10:34] {nemo} nope

[10:35] {nemo} as soon as bid pulled imax dropped

[10:36] {nemo} mags :)

06[10:37] * Threei slaps magoo around a bit with a large alarm clock

[10:37] {magoo} hey..how u hitting them

[10:37] {Threei} half out IMAX

[10:37] {Threei} .73

[10:37] {dino} out eqt .20, +.20

[10:37] {Threei} stop to under b/e

[10:38] {Threei} not a stellar day so far mags, just got b/e

[10:38] {magoo} i feel bad...shouldnt be rewarded for being latre

[10:38] {Les} missed aig reversal off yesterday's closing price and it hasn't looked back. kicking myself

[10:39] {magoo} its hard to predict les

[10:39] {Les} didn't miss. hesitated after being severely beaten at opening

[10:40] {Les} ITMN still being drawn to 37

[10:42] {Threei} offering 1/4 more above .80

[10:42] {Les} cytk bottom

[10:42] {dino} ndx green

[10:43] {dino} imax target?

[10:43] {Threei} partials, next above .80, stop trail to under .70, and last piece somewhere around .90

[10:44] {dino} lol, just wanted gut feel

[10:44] {Threei} my gut is off today

[10:44] {Threei} so I go with standard procedure

[10:44] {dino} eat something spicey

[10:44] {Threei} that's last resort

[10:44] {dino} or have a geen beer

[10:47] {Les} taken at .79 ty vad

[10:47] {dino} gj les

[10:47] {Threei} out 1/4 more

[10:48] {Threei} stop to under .70

[10:48] {Threei} routine replacing gut feel

[10:48] {fernp} NFX, Vad? valid breakout?

[10:48] {dino} out imax .87, +.27 ty vad

[10:48] {Threei} welcome sir

[10:48] {dino} jcg stop to .65

[10:49] {Threei} fern, it looks right, but I'd prefer entry on pullback

[10:49] {dino} told you the day was young

[10:49] {Threei} right you were

[10:49] {fernp} ty

[10:49] {Les} out ITMN +.22

[10:49] {Threei} wtg les

[10:49] {dino} wtg les

[10:49] {Threei} I know what took me off my game earlier

[10:50] {Threei} no nemo, not second glass of vodka

[10:50] {dino} jamison's in coffee

[10:50] {Threei} I got settled in this pattern of early big move

[10:50] {Threei} where we had to grab breaks or pullbacks early, make the most out of them

[10:50] {dino} out jcg ave +.17

[10:50] {Threei} and then sit and wait for the most of the day.

[10:51] {Threei} Today started differently

[10:51] {Threei} so old pl;an ceased working

[10:51] {Threei} luckily I realized it fast enough

[10:51] {Threei} 10:33] {Threei} today is different

[10:51] {Threei} [10:33] {Threei} we had no early range

[10:51] {Threei} [10:33] {Threei} break of narrow opening one can set very different stage

[10:51] {dino} fsys luv

[10:51] {Threei} and reward came in a form of nice IMAX play

[10:52] {Threei} out last piece

[10:52] {Threei} .92

[10:52] {Threei} if that's not a perfect execution

[10:52] {Threei} back in black

[10:52] {Threei} not much but heck

[10:52] {Threei} hey, it thrymes

[10:53] {Threei} rhymes

[10:53] {nemo} yeah...you and AC/DC

[10:54] {fernp} 1:1 NFX

[10:54] {Threei} wtg

[10:54] {Les} nice

[10:54] {fernp} ty

[10:54] {dino} gj fern

[10:56] {Threei} second VXX short I see and miss today: 10:25, 24.35 breakdown

[10:56] {dino} fdx

[11:02] {Les} taxi time back later

[11:02] {strider} short fdx, .48

[11:02] {nemo} TFTW

[11:05] {Threei} (US) Senator Corker (R-TN): Disappointed in Senator Dodd's financial regulatory overhaul bill (related EUR/USD XLF )

[11:05] {strider} cover fdx, .27

[11:05] {strider} now I'm in the black.

[11:06] {strider} thanks for the heads up, dino.

[11:07] {RonS} wtg strider, dino

[11:09] {dino} np

[11:09] {dino} :)

[11:09] {strider} is anything a problem for you, dino:)

[11:10] {strider} other than nemo.

[11:10] {dino} ups up, fdx down, usually they run together

[11:10] {dino} lol strider

[11:10] {RonS} watch copper, JJC for those w/ no futures. 3.35 break down today tanks market or 45.50 on jjc

[11:10] {dino} ups s .49

[11:14] {dino} ups bstop is .62

[11:18] {dino} stopped

[11:20] {dino} oh no, guess who's coming on tv?

[11:20] {nemo} Rachel MacLish

[11:21] {RonS} dino 10 day comparison of ups fdx shows fdx outperforming. ups catchup day. ups daily R2 at 61.56, R3 at 61.98

[11:21] {RonS} nemo, that would be ruff...

[11:21] {nemo} maybe, maybe not

[11:22] {dino} agree ron, usually fdx leads

[11:22] {dino} geoy sm s .49

[11:22] {dino} .48

[11:22] {dino} bstop hod

[11:26] {Threei} SEED

[11:26] {Threei} .14 break for a scalp

[11:30] {nemo} aig at .05 offer

[11:30] {fernp} stop is .05, Vad?

[11:30] {Threei} right

[11:32] {nemo} 1/2 out aig

[11:33] {nemo} stopped 2nd half

[11:33] {nemo} looking short now

[11:34] {nemo} yep, went short

[11:35] {dino} ups rinsed

[11:38] {Threei} nice drop AIG

[11:38] {dino} get him off the tv

[11:39] {nemo} 1/2 out .65

[11:40] {nemo} damn...only 1/2 lot at lunch

[11:40] {Threei} games are being played on SEED

[11:40] {Threei} .05 buyer flashes fake offer

[11:40] {Threei} see him at .14?

[11:40] {nemo} creating a spread?

[11:40] {Threei} scaring into selling, so he covers what he shorted at .14 earlier

[11:41] {fernp} stopped SEED

[11:41] {nemo} out other 1/2/ .70

[11:42] {Threei} Preview: Federal Reserve to publish Q4 Flow of Funds/Household Wealth at 12:00ET

[11:42] {Threei} ** reminder: In Q3 Household wealth was up $2.67T, to $53.4T in total; for the second straight month of improvement

[11:42] {Threei} - Q3 Home mortgage debt annualized rate -3.5% v -1.5% q/q, and Consumer credit annualized rate -3.25% v -6.5% q/q

[11:44] {dino} stop geoy -.14

[11:45] {dino} issi

[11:45] {nemo} why dino

[11:47] {Threei} (EU) Morgan Stanley cuts Euro Zone 2010 GDP forecast to +0.9-1.2% (timing uncertain)

[11:47] {Threei} - Believes ECB will keep rates on hold through December (previously forecasted ECB rate hike in Q3)

[11:49] {dino} why what nemo

[11:49] {nemo} news

[11:49] {nemo} ?

[11:53] {dino} fdx l .30

[11:53] {dino} out fdx .49, +.19

[11:57] {Threei} (EU) ECB's Tumpel-Gugerell: Concerns about high inflation stemming from public debt are not justified

[11:57] {Threei} no, of course not

[11:57] {nemo} wtf

[11:58] {dino} nav last try .50 l hl

[12:01] {RonS} This seed LII is a trip...

[12:01] {Threei} (US) Fed reports Q4 Flow of Funds: Household wealth $700B to $54.2T in total; thid straight quarterly improvement

[12:01] {Threei} - Home mortgage debt annualized rate -1.25% v -3.5% q/q

[12:02] {Threei} - Household debt annualized rate -1.25% v -2.5% q/q

[12:02] {Threei} - Consumer credit annualized rate -5.75% v -3.25% q/q

[12:05] {Threei} - Ratio of net worth to personal disposable income 490% v 489% q/q

[12:05] {Threei} - Ratio of household debt to personal disposable income 122% v 123% q/q

[12:08] {fernp} PWRD Vad? bad moment for 40 break?

[12:09] {Threei} depends on market action

[12:10] {Threei} even slight market move back to highs may be enough for a scalp on PWRD

[12:10] {fernp} ok

[12:17] {Threei} [12:12] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)

[12:17] {Threei} oh the irony

[12:18] {nemo} hehehehe

[12:18] {strider} le bummer

[12:18] {Threei} crap... I need to stop worrying about your stops

[12:18] {Threei} RIMM .50 break, skipped alert

[12:19] {Threei} that's third today that I don't call to stay on exceedingly safe side

[12:19] {Threei} IMAX CEO: May bring the movie Avatar back to theaters with additional footage (16.69, +0.67, 4.18%) (related NWSA )

[12:20] {Threei} (GE) Germany Dep Fin Min: Currently working on the bank charge issue; no decision yet made (related IXG )

[12:21] {strider} PWRD is sticking at HOD

[12:22] {Threei} salmon

[12:22] {fernp} PWRD is not falling with market

[12:22] {fernp} ooops

[12:22] {Threei} still salmon... if you hoped for tuna response, no luck

[12:22] {strider} I was kind of hoping for a pullback near .80

[12:26] {strider} didn't hit my bid at .81

[12:28] {Les} AWIAV or AWPAV?

[12:29] {Les} P = planning

[12:29] {nemo} coma

[12:29] {Les} ah no, not planning on that. dinner then

[12:31] {fernp} ADM .42 break w/stop under .38 is valid, Vad?

[12:32] {Threei} can't tell

[12:32] {Threei} 50/50

[12:32] {fernp} ok. ty 5c. I'll try it

[12:33] {dino} watching sam, jcg, fdx

[12:34] {Threei} Short Setup: IMAX .50 break

[12:34] {Threei} if stays below .60 - .65

[12:34] {nemo} fcx short ?

[12:35] {Threei} .50 - .55 zone break...

[12:37] {dino} sam l ave .73 hl

[12:37] {dino} jcg l .33

[12:37] {Threei} Preview: Treasury's $13B 30-year bond reopening results due out just after 1pmET

[12:37] {Threei} - $13B is unchanged from the Dec reopening.

[12:37] {Threei} - Bid to cover ratio at the Jan reopening was 2.68 with an average of 2.58 over the last 6 reopenings.

[12:37] {Threei} - Indirect bidders took 40.7% of competitive bids at last reopening with 27.2% allotted at the high.

[12:42] {Threei} (US) Senate Majority Leader Reid: Still some issues to work out with healthcare reform bill (related IYH )

[12:42] {Threei} some?

[12:42] {Threei} SOME??

[12:42] {Threei} like, spelling chekc?

[12:49] {fernp} IMAX still valid, no?

[12:50] {dino} jcg stop to .44

[12:51] {fernp} ADM 1:1

[12:51] {dino} tighten it

[12:51] {Threei} yes fern

[12:51] {fernp} ty

[12:51] {dino} to .49

[12:52] {fernp} current stop is above .61, no?

[12:52] {Threei} yes

[12:53] {Threei} C

[12:53] {Threei} Citigroup Inc CEO Pandit: Sees consumer credit trends improving - conf slides

[12:53] {Threei} - Emerging markets likely to represent over 55% of potential revenue growth through 2012.

[12:53] {Threei} - Aiming for ROE for 1.25-1.50%

[12:54] {dino} to .55

[12:54] {dino} out ave .56, +.33

[12:54] {dino} opps +.23

[12:54] {Threei} GOOG (IT) Antitrust regulator reportedly extends investigation into advertising revenues (581.00, +4.55, 0.79%) (related YHOO MSFT )

[12:54] {Threei} nice one dino

[12:55] {dino} afce spike

[12:55] {dino} ty

[12:57] {Threei} wow

[12:57] {Threei} KS found his way back in

[12:58] {strider} long PWRD .94

[12:59] {strider} stop .89

[13:00] {strider} long TM .82, stop .74

[13:00] {Threei} TM, this is not even funny

[13:00] {strider} get out of our way, vad, we're going UP.

[13:00] {Threei} what they should do, start shooting those who drive Toyotas for their stock to drop?

[13:02] {Threei} *TREASURY'S $13B 30-YEAR BOND REOPENING DRAWS 4.679%; BID-TO-COVER RATIO 2.89 V 2.68 PRIOR AND 2.58 AVE OVER THE LAST 6 REOPENINGS

[13:02] {strider} I think TM is a cult.

06[13:02] * nemo slaps strider around a bit with a large beatles album collection

[13:02] {Threei} well, a lot of people regard most recent incident as a fake

[13:02] {Threei} - Indirect bidders take 23.92% of competitive bids, with 82.8% alloted at high

[13:02] {Threei} - 29.65% go to Direct bidders

[13:03] {Threei} and I have to say, I find it very strange indeed

[13:10] {Threei} 6 points SPC range?

[13:10] {Threei} SPX

[13:12] {dino} yeah

[13:12] {dino} abvt sm l .92

[13:14] {Threei} IMAX, when it finally breaks, should be good for more than scalp

[13:14] {dino} imo not going to breakdown

[13:14] {Threei} ok... IF it finally breaks

[13:14] {dino} lol, never kow until you bet

[13:14] {dino} know

[13:14] {Threei} :)

[13:15] {dino} jesse

[13:15] {strider} OK, I'm with you guys.

[13:15] {Threei} I was told never to kow...

[13:15] {Threei} but did I listen? noooo

[13:15] {dino} for 10 years i was told i "don't know nothing"

[13:15] {Threei} what do you mean with us strider?

[13:16] {Threei} we are on opposite sides

[13:16] {Threei} pick one

[13:16] {strider} Joke. A line from "oh, brother...."

[13:16] {Threei} :)

[13:16] {dino} ahhh

[13:18] {strider} Was kind of hoping for a little afternoon pop.

[13:18] {strider} doesn't seem to be happening.

[13:19] {Threei} nemo

[13:19] {Threei} some here are hopng

[13:19] {nemo} yes

06[13:19] * nemo slaps strider around a bit with a large HOPE!!! is a FOUR LETTER WORD

[13:19] {Threei} there

[13:19] {Threei} we have hope police here strider

[13:19] {strider} OK...insert whatever state of mind you have when you take a trade.

[13:19] {Threei} fatalist

[13:20] {Threei} here comes setup, whatever happens - happens

[13:20] {strider} {-------knife to throat.

[13:20] {Threei} accept any oytcome with no emotional involvement

[13:20] {dino} out abvt .59 -.33

[13:20] {fernp} missed IMAX, broke too fast :-(

[13:20] {nemo} yeah

[13:20] {strider} I'll go back to being quiet again. :)

[13:20] {nemo} might retrace to test new resistance

[13:21] {Threei} come on, how nemo will be able to slap you then?

06[13:21] * nemo slaps strider around a bit with a large trout

[13:21] {Les} imax not shortable here :/

[13:21] {nemo} ...that was easy

[13:21] {Threei} kind of old russian joke

[13:22] {Threei} -can I pet your dog? - of course, otherwise how is it going to be able to bite you

[13:22] {dino} guess i was wrong

[13:23] {dino} thought you said your dog does not bite. thats not my dog

[13:23] {Threei} lol

[13:23] {nemo} mere blemish on the furniture

[13:23] {dino} pink panther movies i think

[13:23] {nemo} yes

[13:23] {nemo} old joke though

[13:24] {strider} Hope, and faith,......but the greatest of these is getting slapped around by a funky old trout.

[13:24] {Threei} little chihuahua bites big bulldog in half,

[13:25] {Threei} shicked owner of bulldog says WTH? What kind of dog is this?

[13:25] {Threei} chihua owner says, horribly expensive one,

[13:25] {Threei} plastic surgery for a alligator does not come cheap, you know

[13:25] {fernp} lol

[13:26] {strider} hmmm..

[13:26] {Raven} {}

[13:26] {Threei} (US) US Sen Dodd confirms will propose financial reform legislation on Monday

[13:26] {Threei} - claims inclusion of bipartisan compromises

[13:26] {Threei} - Includes: too big to fail, consumer protection, transparency, and derivatives oversight agreement not there yet

[13:26] {Threei} come on IMAX

[13:26] {Threei} 1 cent till 1:1?

[13:26] {Threei} die

[13:28] {strider} out PWRD +.23

[13:28] {Les} pwrd nice one st

[13:29] {strider} was fast.

[13:29] {strider} almost didn't get out in time.

[13:29] {dino} clne

[13:31] {strider} shezaam. PWRD

[13:31] {Threei} good find

[13:31] {Threei} salmon is salmon

[13:32] {strider} that was fern's find. Did you get in, fern?

06[13:33] * Threei hits IMAX over the head with 2x4

[13:34] {magoo} when was that trade entered?

[13:34] {Threei} .50 break

[13:35] {Threei} or you mean PWRD?

[13:36] {magoo} imax

[13:37] {Threei} .50 break then

[13:42] {Les} ITMN

[13:42] {Threei} stop to .56 IMAX

[13:43] {Threei} if it found bottom and reverses now, don't want to get caught

[13:47] {Threei} half out IMAX

[13:47] {Threei} .36

[13:47] {Threei} took its sweet time

[13:48] {Threei} stop to b/e

[13:48] {dino} good call

[13:48] {Threei} ty

[13:48] {Les} clne, u looking short dino?

[13:49] {dino} dk, that and fsys rockin', nat. gas plays momo today

[13:49] {nemo} fsys

[13:49] {Les} dk?

[13:49] {dino} was it strider took pwrd? nice

[13:50] {dino} don't know = dk

[13:50] {Les} ty

[13:51] {dino} ty? just busting

[13:51] {nemo} jb?

[13:51] {Les} busting?

[13:51] {Threei} sigh

[13:51] {dino} lol

[13:51] {Les} :)

[13:51] {dino} and the tangent arrives

[13:51] {nemo} :)

[13:52] {strider} stopped TM -.10

[13:52] {strider} POS cars

[13:53] {Threei} lol

[13:53] {Threei} getting stingy - stop to .46 IMAX

[13:54] {nemo} asylum picking up

[13:54] {Threei} one day I will open another room... Raven will be only one invited (well, larisa too but it goes without saying),

[13:54] {Threei} no jokes,

[13:55] {Threei} no meaningless banter,

[13:55] {Threei} only great spelling

[13:55] {Threei} and grammar

[13:55] {nemo} so....

[13:55] {nemo} you won't be there either

[13:55] {Threei} and quiet enlightened conversation

[13:55] {Threei} about high matters

[13:55] {Les} I can be quiet...

[13:55] {nemo} I'm worried...

[13:56] {Les} definitely not the room for me

[13:56] {jfjf64} what bout me vadd

[13:56] {Threei} there will be a few signs on the door

[13:56] {Threei} no les no more

[13:56] {Threei} no clown fishes

[13:56] {Les} :P

06[13:56] * nemo ...mmmhhhh....where's that list?

[13:56] {dino} is that your way of telling me to cancel my subscription

[13:56] {Threei} jf... you and magoo are are too rarely sober

[13:57] {Les} Is vad contemplating retirement?

[13:57] {Threei} for the last 10 years les, yes

[13:57] {Threei} die already IMAX

[13:58] {jfjf64} comon last week you were dieing during scalp mk up your mind

[13:59] {Les} starting to like ZION. setting up for b/o over these last two sessions

[14:00] {Threei} bidding 1/4 more IMAX .28

[14:00] {Les} fcx starting to see some solid selling

[14:01] {Threei} you shorted les?

[14:01] {Les} no been waiting to clear this congestion .50 or thereabouts

[14:01] {Threei} hmmm

[14:01] {Threei} it dropped into this support from way too far

[14:01] {Les} bounce coming

[14:01] {Les} ?

[14:02] {Threei} can't tell, but shorting after this drop without consolidation is dicey

[14:02] {Les} c'mon, you taught me well enough

[14:02] {Les} wasn't thinking otherwise

[14:02] {nemo} I've got a suppor line at .50 and opened today at .45

[14:02] {Threei} okay

[14:03] {nemo} Pride always cometh before the fall...

[14:03] {Threei} Market Internals update at 2:00pmET

[14:03] {Threei} - NYSE volume 540M shares, about 12% below its three-month average; decliners lead advancers by 1.5:1.

[14:03] {Threei} - NASDAQ volume 1.4B shares, about 3% above its three-month average; decliners lead advancers by 1.3:1.

[14:03] {Threei} - VIX index +1.2% to just below 19.00

[14:04] {RonS} ...prob needs a mkt push but chrw looks good for a .4 to .8 short on a lod break

[14:05] {Threei} especialy if loses lws of last two days

[14:06] {Threei} 53.02 - .05

[14:06] {RonS} sounds good Vad. txs

[14:08] {Les} fcx?

[14:08] {Threei} don't know les, too jerky

[14:09] {Les} ok

[14:09] {fernp} LEN .45 breakdown is valid, Vad?

[14:09] {Threei} 1/4 more IMAX out

[14:09] {Threei} out in full

[14:10] {Threei} I doubt it fern, this is water torture stock

[14:10] {Threei} isn't IMAX a good boy today

[14:11] {RonS} gj vad...no shares for me to short...

[14:11] {Threei} ugh

[14:12] {Threei} IMAX gave us two best trades today, on both long and short side

[14:13] {RonS} does that make it 3D?

[14:13] {jfjf64} no 3i

[14:13] {Les} that should be automatic ban from this room Ron

[14:14] {RonS} ...have not reached les status...yet...

[14:14] {dino} lucky you, lol

[14:14] {Les} (I'm changing sides. Humour nazi now)

[14:14] {dino} imax my guess would be gap fill and up

[14:15] {jfjf64} rons tell les to piss off

[14:15] {Les} Vad, you know what to do

[14:16] {Threei} sigh

[14:16] {RonS} ...never. i kindof hate that phrase...i prefer American crude, not Brit.

[14:16] {jfjf64} imax long wher entry vad

[14:17] {dino} out sam ave .03 tough to get out of, +.30

[14:17] {dino} brb

[14:17] {Threei} let it pull back under .10 now, jf,

[14:18] {Threei} form double bottom

[14:18] {Threei} and buy as close to 16 as possible

[14:18] {Threei} stop would be under 16

[14:19] {Les} Ron, example of American crude is?

[14:19] {Threei} first strength from here

[14:19] {RonS} dino check zmh

[14:19] {Threei} .05 break

[14:20] {jfjf64} in

[14:20] {nemo} somebody's screwing around, see that fake offer appear and disappear at .06

[14:21] {Les} pivot support .94

[14:22] {dino} zmh? strike games maybe

[14:22] {Threei} not holding

[14:22] {fernp} no go IMAX

[14:22] {jfjf64} grrr

[14:22] {dino} whoa imax

[14:22] {Les} that hurt

[14:23] {jfjf64} shakeout

[14:23] {dino} merrriman at 13:22 imax to sell

[14:23] {nemo} going to .67

[14:23] {jfjf64} all those stops hit

[14:24] {Les} we try bounce again lower vad? can't short this sucker

[14:24] {RonS} vad is having shorter's lament...

[14:24] {Threei} I am not guessing on a bottom

[14:24] {jfjf64} 15.65

[14:24] {Threei} it forms valid reversal setup, sure

[14:24] {nemo} right around there

[14:25] {Threei} if not, buy every next low is a complete suckers game

[14:25] {Les} right, makes sense

[14:26] {fernp} Good evening everybody. See you all tomorrow

[14:26] {Les} ciao fern

[14:27] {Threei} take care fern

[14:27] {dino} cya fern

[14:29] {Les} MS .70 b/d?

[14:30] {Threei} most likely

[14:31] {dino} imax gap 14.80s and 13.78

[14:33] {nemo} fas forming inverted H&S?

[14:33] {nemo} could be break .06 holding .95 on volume

[14:34] {Threei} not too reliable

[14:34] {nemo} what isn't?

[14:34] {Threei} H&S on FAS

[14:34] {dino} zmh sm l .35

[14:35] {Threei} AIG

[14:35] {Threei} bounbce time

[14:36] {nemo} well, FAS worked that time

[14:36] {nemo} 1/2 out .17

[14:36] {Threei} half lot AIG long .80 break

[14:36] {Threei} stop under .65

[14:36] {nemo} 1/4 more .30

[14:37] {Threei} sigh

[14:37] {Threei} why don't I go back to sleep

[14:37] {nemo} stop?

[14:37] {nemo} ahh...25

[14:37] {nemo} out

06[14:38] * nemo slaps Threei around a bit with a large coma stick

06[14:38] * nemo places funnel in vads mouth

06[14:39] * nemo pours vodka in funnel

[14:39] {dino} vodka bong huh

[14:39] {nemo} hehehe

[14:39] {RonS} vad, small consol but you kept me out of that chrw bear trap. thx

[14:40] {Threei} never lost those lows, I see

[14:42] {dino} thx ron on zmh, out .74, +.39

[14:42] {RonS} Zimmer Holdings (ZMH:$56.71,00$-2.15,00-3.65%) is recently down $2.51 to $56.34. Deutsche Bank believes a group of surgeons will present data pointing to potentially significant issues with one of ZMH knees at the American Academy of Orthopedic Surgeons today.

[14:42] {RonS} gj dino...this thing is dangerous right now

[14:42] {dino} i hope the other knee is ok

[14:43] {dino} you take it?

[14:43] {RonS} lol

[14:44] {nemo} guess I shoulda' set my stop under .10 0n fas

06[14:45] * nemo slaps nemo around a bit with a large cat-o-nine tails

[14:46] {dino} lod zmh

[14:46] {Threei} ok, this takes prize as the most stupid line I've seen this year:

[14:47] {Threei} Biden Urges Israel to Make Peace with Palestinians

[14:47] {strider} What did nemo say now?

[14:47] {nemo} what strider?

[14:47] {strider} ok, this takes prize as the most stupid line I've seen this year:

[14:47] {RonS} ...that will convince them.

[14:48] {nemo} good one

[14:48] {nemo} DH

[14:55] {Les} http://miburl.com/yKD1UD

[14:55] {Les} fishing, where I come from

[14:56] {Les} crap zion popped

[14:58] {RonS} www.dailyfx.com trumpeting a turn to weaker USD

[15:04] {nemo} well off to sell politically incorrect merchandise c u tomorrow

[15:04] {Les} bibles?

[15:04] {RonS} cya nemo

[15:05] {nemo} hasta manana

[15:05] {magoo} vad, we in anything?

[15:06] {Threei} no... but ZION is tempting

[15:06] {jfjf64} later nemo

[15:13] {Threei} good pullback

[15:13] {Threei} .53 long

[15:13] {Threei} .45 stop

[15:15] {dino} cya nemo

[15:15] {Threei} lol dino

[15:15] {dino} darn dial up

[15:15] {Threei} no kidding

[15:16] {dino} have to quit early today, thanks all, good day, good time

[15:16] {Threei} no following the market ZION

[15:17] {larisa} bye dino

[15:17] {Threei} hmmm

[15:17] {Les} ciao man

[15:18] {Threei} take care dino

[15:18] {dino} will do, thx

[15:23] {magoo} me too, c u tomorrow

[15:23] {Les} bye

[15:25] {Threei} see you mags

[15:31] {RonS} ...sheesh...we should have stayed on UPS

[15:38] {Threei} what do you know, market managed to squeze another green day

[15:40] {Threei} I am flat for the day though

[15:41] {Threei} two bigger IMAX trades vs many papercut stops

[15:41] {Threei} YUII Hearing defended at Roth Capital (timing uncertain) (9.75, -2.25, -18.75%)

[15:47] {Threei} STLD S&P revises outlook to Stable from Negative; affirms BB+ ratings (17.82, -0.06, -0.34%)

[15:47] {Les} thanks vad. c u's tomorrow

[15:48] {Threei} ok, if everyone is off, I will too

[15:48] {Threei} thank you all, have a good evening

[15:48] {Threei} see you tomorrow

[15:48] {jfjf64} good night vad

[15:50] {larisa} bye :)

Mar 09 2010

This summary is not available. Please click here to view the post.

Mar 08 2010

5 calls, 5 wins - AIG, VXX, SEED... all of them early in the day, then traditional period of boredom. The range was so narrow that even those morning moves were a miracle. Calm before the storm.


Session Time: Mon Mar 08 00:00:00 2010


[08:13] {Threei} RF Micro Devices, Inc. Guides Q2 $0.11-0.12 v $0.10e; R $240-245M v $232Me
[08:13] {Threei} - RFMD is experiencing broad-based strength in its core business this quarter, with current customer demand significantly outpacing original expectations in both the cellular products group and multi-market products group. RFMD is seeing particular strength in China and Korea and expects continued market share gains across leading cellular baseband providers and handset manufacturers this calendar year.
[08:31] {Threei} [EBIX] Reports Q4 $0.92 v $0.27e, R$31.3M v $30Me
[08:32] {Threei} LIOX Awarded Contract by Department of Homeland Security for Over the Phone Interpretation Services
[08:32] {Threei} - Expects Contract to Generate Approximately $7 Million
[08:43] {fernp} Good morning everybody
[08:43] {Threei} fern :)
[08:56] {Threei} FDIC's Bair: Evaluating many options with regards to GSEs; could nationalize FNM, FRE or remove them entirely (related FNM FRE )
[09:01] {Threei} NKTR Announces Positive Phase 2 Clinical Data from First Stage of NKTR-102 Study in Women with Platinum-Resistant Ovarian Cancer (14.94, 0.00, 0.00%)
06[09:12] * nemo slaps Les around a bit with a large trout
[09:13] {Threei} I giess that was as close to good morning in nemo's terms as it gets
[09:13] {nemo} hehehehe
[09:13] {Les} noticed difficulty crowd here has facing monday mornings. I feel like that too in the morn...
[09:13] {Les} but now I'm on to my first beer for the week
[09:14] {Les} everythings fine now
[09:15] {dino} gm all
[09:15] {Threei} dino :)
[09:15] {nemo} There he is...Mr. Obscene Profits
[09:16] {nemo} geez...what got into Rimm this morning
[09:16] {Les} morning guvernors
[09:16] {Threei} Les :)
[09:16] {Threei} RIMM BMO Capital Markets Raised RIMM to Outperform from Market Perform, price target: $88
[09:18] {RonS} gmorning all. check SEED
[09:18] {Threei} Ron :)
[09:18] {nemo} bull flag
[09:18] {dino} already see'd it
[09:18] {dino} :)
[09:18] {Threei} no news SEED that I see
[09:19] {Les} http://uploads.mibbit.com/ELcpXT.jpg
[09:19] {Les} Uni has begun. table back to normal now.
[09:19] {Les} vad would be proud
[09:19] {Threei} much better
[09:19] {nemo} literature and what f-18s?
[09:19] {jfjf64} mornin
[09:19] {Threei} jf :)
[09:20] {Les} jf
[09:20] {Les} sure. one perk of being a grunt was getting close to noisy fast jets
[09:20] {dino} prem brand pesticide, developes strayegic business
[09:21] {billyc} gm everyone
[09:21] {Les} billy
[09:21] {billyc} hey les
[09:22] {Les} AIG is perking up. asset sale equals higher stock price...
[09:22] {Threei} billy :)
[09:22] {billyc} vad
[09:22] {lasertrev} morning
[09:22] {Threei} so far on radar:
[09:22] {Threei} RFMD, SEED, AIG
[09:22] {Threei} trev :)
[09:23] {strider} Morning folken
[09:23] {Threei} strider :)
[09:23] {Threei} NKTR
[09:23] {strider} :)
[09:23] {nemo} hgsi
[09:24] {nemo} very near 52 week high
[09:29] {nemo} then drops .50 cents
[09:29] {dino} ttm
[09:32] {dino} ssp?
[09:32] {Threei} no fresh news
[09:33] {dino} volc gap around22
[09:33] {Les} AIG on this pullback?
[09:33] {Threei} AIG, watching for long on pullback, under .50
[09:35] {Threei} jump right out of the gate everywhere, no chance for entry
[09:36] {Threei} watching SEDD on pullback
[09:36] {Threei} SEED
[09:36] {Threei} under .60
[09:36] {Threei} half lot
[09:36] {dino} tnh
[09:37] {Threei} DRYS Hearing early strength being attributed to takeover chatter (5.79, +0.13, 2.30%)
[09:38] {Threei} AIG momo
[09:38] {fernp} hgsi, Vad?
[09:39] {Threei} .80 break half lot, wrth a try
[09:39] {Threei} stop under .60
[09:39] {fernp} yeah
[09:39] {Threei} for pesky scalpers .70
[09:39] {Threei} easy to get shaken out though
[09:39] {Threei} ok AIG, should dive now
[09:40] {Threei} keep half lot ready
[09:41] {Threei} one more leg
[09:41] {Threei} .50 break
[09:41] {Threei} .35 stop
[09:42] {Threei} 1:1
[09:42] {nemo} too quick for me
[09:42] {dino} ncs reverse 1/5
[09:42] {Threei} second chance
[09:43] {Threei} stop under .40 this time
[09:43] {Threei} 1:1
[09:44] {Threei} not going for third
[09:46] {Threei} Long Setup: VXX .77
[09:46] {Threei} if stays above .70
[09:46] {dino} lol scok -5
[09:47] {Threei} CSIQ Ticks higher on vague takeover chatter (21.51, -0.02, -0.09%)
[09:48] {dino} schl
[09:48] {nemo} 1/2 out .84
[09:48] {nemo} ty
[09:48] {Threei} yw
[09:49] {jfjf64} tck any read pullbk
[09:50] {dino} gj
[09:50] {Threei} a tad more, IMO
[09:50] {Threei} .40 break now
[09:50] {Threei} if holding .30
[09:50] {nemo} stop on vxx .75 now?
[09:51] {Threei} and then every 10 cents if losing it, same setup
[09:51] {Threei} yes nemo
[09:51] {dino} schl sm l .51
[09:51] {Threei} offer 1/4 more at .93 - .93
[09:51] {Threei} .92 - .93
[09:51] {dino} stop .19
[09:51] {dino} cresy?
[09:52] {Threei} no news
[09:52] {dino} ncs would think short off reverse 1/5 split
[09:52] {dino} nor here cresy
[09:53] {Threei} if you took .30 recross on TCK you have 1:1 here at least
[09:54] {jfjf64} ty
[09:54] {Threei} I say at least because with such entry stop would be under .25
[09:54] {Threei} VXX, ready for the next leg or for shakeout
[09:54] {Threei} we will know which it is very soon
[09:54] {Threei} IMO, next leg up
[09:56] {Threei} Long Setup: AIG .50 break
[09:56] {Threei} half lot
[09:56] {Threei} stop under .35
[09:57] {RonS} IMAX for a bounce w/ 14.20 sl?
[09:58] {Threei} I'd prefer it lower...
[09:58] {Threei} this entry is likely to be more struggle than I'd like
[09:58] {dino} lod
[09:59] {Threei} VXX second target hit, 1/4 more out
[10:00] {nemo} ty
[10:00] {Threei} stop is still .75 for the last piece
[10:00] {Threei} target is above 24
[10:01] {dino} gj
[10:02] {Threei} (US) Fed to expand number of firms participating in reverse repo facility; warns no inferences should be drawn regarding monetary policy
[10:02] {Threei} - The New York Fed requires firms having net assets of no less than $20B for six consecutive months prior to applying as a reverse repo counterparty.
[10:02] {Threei} - Additional counterparties for reverse repos program will not be eligible to participate in other transactions conducted by the New York Fed.
[10:03] {Les} spot gold just took a good dumping.miners are a short now... maybe
[10:03] {Threei} AIG 1:1
[10:05] {strider} AMAT dbl bottom
[10:05] {Threei} hmm
[10:05] {Threei} looks more like breakdown to me
[10:06] {strider} could be.
[10:06] {nemo} RIMM DT?
[10:06] {dino} cfi hl l .71
[10:07] {Threei} not clear yet on RIMM
[10:07] {nemo} classic dino
[10:08] {dino} uta
[10:09] {nemo} Great...got BJ Thomas going through my head
[10:09] {dino} rimm toughie for me nemo, staying away
[10:09] {nemo} wouldn't expect you would
[10:09] {Les} AUY .28 B/D? type 1
[10:09] {nemo} I mean't cfi Dino
[10:10] {Threei} .40 breakdown was much cleaner setup on AUY
[10:10] {Threei} now I'd rather try on bounces
[10:10] {Les} ok. wind back the tape for me mistro
[10:10] {Les} :)
[10:10] {dino} ok nemo
[10:11] {nemo} aig .50 bd on big bid breakdown
[10:11] {Threei} VXX last part is closed
[10:11] {Threei} no complaints here
[10:11] {nemo} aig look .60 break?
[10:12] {Threei} not sure
[10:12] {nemo} 50/49?
[10:12] {nemo} 51/49?
[10:12] {Threei} not sure even about that
[10:12] {nemo} ahhh, the old definite maybe
[10:12] {Threei} right, and very uncertain
[10:13] {Les} sxci
[10:13] {Threei} 4 for 4 so far
[10:13] {Threei} this is Monday for crisssakes... let's go home
[10:14] {Les} someone rolls out the wrong side of bed monday...
[10:14] {Threei} watching SEED
[10:15] {Threei} not sure for what but something should shape up
[10:15] {Les} TIVO 17?
[10:16] {Threei} nah
[10:16] {Threei} TIVO is out of gas and goes through the resting period
[10:16] {Threei} it will become a player again
[10:16] {Les} might try a .90 b/d on it then
[10:16] {Threei} but until it does, it will be pretty random
[10:18] {RonS} Vad , is CMRG too thin and tight to play?
[10:19] {Threei} trades by appointment...
[10:19] {Threei} I am not a big fun of thesde
[10:19] {dino} fdx sm l .50
[10:19] {RonS} tx
[10:19] {nemo} aig on steady trajectory
[10:21] {RonS} GS strength could be playing into AIG...
[10:22] {nemo} rimm break
[10:25] {Threei} wow
[10:25] {nemo} rimm?
[10:25] {dino} bcsi
[10:25] {Threei} yeah
[10:28] {Threei} just when I hought of .40 break on SEED for short, it went down so fast, I was hesitant to try it on a bounce
[10:31] {Threei} oh boy
[10:31] {Threei} this is total classic
[10:31] {Threei} dino, you are going to love it
[10:31] {Threei} (GR) Greece PM: Must have clear rules on shorts, naked shorts, and credit default swpas; G20 should take a look at speculators
[10:31] {Threei} this is who is to balme! get'em!
[10:31] {Les} software issues today. can only buy in 1's and 2's and slowly at that. will try again towards closing.
[10:31] {Threei} where is tar and feathers
[10:32] {Les} yeh, Sarkozy is jawing off at speculators
[10:32] {Threei} OK, SEED
[10:32] {Threei} IMO, short into this bounce
[10:32] {Threei} ideally, going over .40,
[10:32] {Threei} staying under .50,
[10:32] {Threei} then breaking down .40 again
[10:33] {nemo} or break of .37
[10:33] {nemo} .40 is where it opened
[10:33] {Threei} with 4-5 cets stop?
[10:33] {nemo} well .44
[10:33] {nemo} in
[10:34] {nemo} damn qs onna bounce here
[10:35] {Threei} so far so good
[10:36] {Threei} 1:1
[10:36] {nemo} ty
[10:36] {Threei} your entry
[10:36] {Threei} mine was only the general idea
[10:36] {nemo} oh
[10:36] {nemo} hehehe
[10:36] {Threei} this is kind of risk based setup
[10:37] {Threei} worth trying on risk being so small, even 50/50 is good enough
[10:41] {dino} vad dcc please
[10:46] {magoo} weird..im in
[10:46] {nemo} ?
[10:46] {Threei} what's so weird about it?
[10:46] {nemo} seed?
[10:46] {Threei} SEED lost readability
[10:46] {nemo} what's he in?
[10:47] {nemo} What do they say about shorting a dull market?
[10:47] {magoo} when i logged in it says evaluation period has expired...u know there usually are days in there like 76 until
[10:48] {magoo} and vad, u last time klike added it to 350 days
[10:48] {Threei} I don't even know where you tried to login
[10:48] {Threei} are you talking about room or scanner?
[10:48] {magoo} THIS ROOM
[10:48] {Threei} I added days to your scanner,
[10:48] {RonS} IMAX read?
[10:48] {Threei} room doesn't expire
[10:49] {magoo} hmmm..realy..ok
[10:49] {Threei} IMAX is toughie... I believe it's not over, should make new highs,
[10:49] {Threei} but read on it is not an easy thing
[10:49] {Threei} it rarely forms clean consolidations
[10:50] {Threei} mags, you haven't even tried to login to this room before this one and sucessful try... I don't know what door you knocked on, lol
[10:51] {magoo} im lost i guess (sigh..again)
[10:52] {Threei} oh boy
[10:52] {Threei} ECB's Stark: A European IMF style institution would be against the rules of the EMU; could create false incentives and place burden on some countries
[10:52] {Threei} - highlights that the fund would allow countries with weak finances to continue poor policies
[10:52] {Threei} - creation of such a fund could harm the acceptance of the Euro
[10:52] {Threei} - feels reforms of stability adn growth agreements is the better way forward, with penalties for countries who break deficit rules
[10:52] {Threei} - Note: German Fin Min over the weekend called for the establishment of a European IMF style organizatio
[10:52] {Threei} germany called to establish that??
[10:53] {Threei} last country I'd expect to want that
[10:53] {Threei} mags, your scanner is OK?
[10:55] {jfjf64} rimm monster
[10:56] {magoo} yea..im sorry vad, i dont know what happened just thgen
[10:56] {Threei} no problem
[10:58] {Les} TIVO
[11:02] {magoo} rimm strong today, news?
[11:02] {fernp} VXX .60 b/d, vad?
[11:02] {nemo} upgrade
[11:02] {magoo} ah.ty
[11:02] {magoo} its been a dog lately
[11:03] {Threei} I am hesitant to use VXX as market upward vehicle, fern
[11:03] {Threei} playing it long when market reverses, yes
[11:03] {nemo} over 72 I think you'll see it in play mags
[11:03] {Threei} short when market advances, less and less liking risk reward on that
[11:03] {fernp} ah!! ok ty
[11:03] {nemo} I hesitated on the .85 break
[11:06] {Threei} look at SPY range
[11:07] {Threei} how did we manage to find what we did, lol
[11:08] {nemo} wonder if rimm bolts if it breaks 73
[11:08] {Threei} most likely
[11:08] {magoo} dunno..its already up huge
[11:09] {magoo} really only like if pulls back
[11:10] {magoo} and it may not
[11:10] {Threei} this is one of those mags... "I'll just go up and up while ya'll say Can't believe it"
[11:11] {Threei} "and when you finally can't stand the pain of being left out and jump in, that's when I reverse"
[11:12] {nemo} it's a relatively sustainable rise no real euphoria
[11:12] {strider} TM
[11:16] {dino} stuck in a tight range again
[11:18] {nemo} fcx bounce area
[11:21] {dino} out fdx flat
[11:25] {Threei} larisa is not here, so:
[11:25] {Threei} guess who is coming on TV
[11:27] {magoo} dennis rodman?
[11:27] {nemo} original
[11:29] {dino} braney frank
[11:29] {RonS} Rodman quote (after breaking fro Carmen Elecktra): There is not a beautiful woman in the world who has some guy, somewhere thanking God he's away from her".
[11:29] {magoo} imagine if obamanation started getting piercings and tats lol
[11:30] {dino} and frank standing behind him
[11:30] {nemo} hahahaha
[11:31] {Threei} rofl
[11:31] {Threei} you guys
[11:32] {Threei} market is trying to break down
[11:33] {magoo} if so rimm could be a short scalp opportunity
[11:34] {Threei} I'd be hesitant to buy VXX break of .80, but quick pullback to or under .70, I will be interested
[11:34] {Threei} .60 break though, I regret ignoring
[11:34] {RonS} rimm has been acting on its own...
[11:36] {nemo} FAS could be long here
[11:36] {nemo} maybe a little pullback. to .95 would set up IH&S
[11:38] {Threei} IUSA Confirms to be acquired by CCMP capital; at $8.00/shr in cash (8.16, 0.00, 0.00%)
[11:38] {Threei} takeunder, eh
[11:38] {Threei} OK VXX
[11:38] {Threei} .70 break worth trying
[11:38] {Threei} scalping stop .65, day trading .60
[11:41] {Threei} change to aggressive entry
[11:42] {Threei} recross .60
[11:42] {Threei} .55 stop
[11:42] {magoo} in .63
[11:42] {Threei} getting slow mags... .61 was easily available
[11:43] {magoo} agree
[11:43] {Threei} I can't watch this indoctrination
[11:44] {Threei} "we are told market forces should take care of costs, well, we tried that, it doesn't work"
[11:45] {Threei} students applaud
[11:47] {dino} cohn
[11:49] {Threei} market can't decide whether to break down or return into range
[11:50] {nemo} cat looking breakdownish
[12:01] {Threei} 1:1
[12:01] {magoo} u taking thast?
[12:01] {Threei} half
[12:02] {magoo} how many u got?
[12:02] {Threei} still trying to push for bigger breakdown
[12:02] {Threei} with 6 cents stop, a lot
[12:03] {dino} l cohn.50
[12:04] {Les} TIVO 17 b/d?
[12:04] {Les} forget it, i remember
[12:06] {Threei} no chance for second half still
[12:06] {dino} cohn stop is .31
[12:06] {dino} brb
[12:08] {Threei} my mind is occupied by an issue of a great importance: can I count SEED short that nemo took as a call or not
[12:08] {nemo} I 1:1 that
[12:09] {Threei} I mean, I called aan idea, not exact entry
[12:09] {Threei} entry you found yourself
[12:09] {nemo} call it a 1/2
[12:09] {Threei} cool
[12:09] {Threei} 51/2 for 51/2
[12:09] {nemo} fas looking weak
[12:10] {Les} long a speculative 2 shares in sxci .53
[12:10] {nemo} ?
[12:11] {Les} you talking to me?
[12:11] {nemo} yeah Bob
[12:12] {Les} sim trade software stuffed. 2 shares instead of 200. will play game accordingly
[12:12] {nemo} ahh
[12:19] {dino} tnh what the ?
[12:22] {Les} sxci stopped
[12:28] {Les} dino what's your watch list today please?
[12:33] {dino} not much aside from normals, schl, volc (missed), uta, cohn
[12:37] {nemo} rimm interesting here...been bouncing off the 50, upon which it currently sits
[12:54] {dino} uta .58 l
[12:54] {dino} stop .48
[13:08] {nemo} AWIAV?
[13:08] {Threei} coma
[13:08] {Threei} SVNT On track to file Krystexxa resubmission this month (14.06, +0.12, 0.86%)
[13:09] {Threei} Sees US approval in Sept and product roll out in Q4 2010.
[13:09] {Threei} - European filings planned later this year.
[13:17] {Threei} anyone gets feeling we will see considerable market surge later in the day?
[13:18] {nemo} yep
[13:18] {nemo} after friday, it makes sense for a bit of quiet
[13:19] {Les} saw V for Vendetta over weekend. pretty good.
[13:21] {nemo} Yawn
[13:37] {nemo} Rimm's 4th attempt at this level
[13:37] {nemo} FCX breaking 81
[13:44] {dino} fsys
[14:01] {Threei} (US) US Rep Frank sends letter to top 4 US banks, requests them write down second lien mortgages
[14:01] {Threei} - sees mortgages having no real value; and are an obstacle in many loan modifications
[14:01] {Threei} lol
[14:02] {dino} he really doesn't understand too much
[14:03] {Threei} but he finds great consolation in the fact that he is not alone
[14:03] {nemo} Well...he's probably thinking if the house isn't worth the 1st mortgage, they've got no chance, so just write it own
[14:04] {Threei} and leave current occupant who can't pay mortgage to own it?
[14:04] {Threei} next thing you know 99% of USA who CAN pay mortgage, do not
[14:05] {dino} i'm sure the stock and bondholders think they are valuable
[14:05] {Threei} your beloved bank goes out of business
[14:05] {Threei} and evryone's happy
[14:05] {Threei} homeowners have their houses and no mortgage,
[14:05] {Threei} bank so widely hated by everyone is no more
[14:06] {Threei} there... all problems solved
[14:06] {Les} you go cap in hand to washington for loan following this, do you?
[14:06] {Threei} well, there are some little details
[14:06] {Threei} like, no bank to go for a loan anymore,
[14:06] {Threei} but who cares - we don't pay down our cars anymore either
[14:07] {Threei} or any other kind of loans
[14:17] {Les} vxx to bounce back here? .40 break?
[14:18] {Threei} well
[14:18] {Threei} it's a vaalid try
[14:18] {Threei} just view it as a "try"
[14:18] {Les} I can't, but if SPY continues to fall here
[14:18] {Les} maybe valid play
[14:18] {Threei} why can't?
[14:18] {Les} software
[14:19] {Threei} oh
[14:20] {Les} I can buy one or two shares at excruciating slow pace, but would rather bang my head against wall.
[14:21] {Les} c'mon Nemo, there's a line in there just tailored for your response...
[14:21] {Les} talk about dull way to begin the week
06[14:21] * nemo slaps Les around a bit with a large piece of gypsum drywall
[14:21] {nemo} yeah...
[14:22] {nemo} happy?
[14:22] {Les} is that poisoned chinese drywall, or real american stuff?
[14:22] {Threei} dull way?
[14:22] {nemo} Buffett's company
[14:22] {Threei} frikin 5 for 5
[14:22] {Threei} plus half
[14:22] {Threei} what am I, a firework master?
[14:23] {nemo} ?
[14:23] {magoo} no, a crazy ivan :)
[14:23] {Threei} ah
[14:23] {Les} oh well you're sitting on profits, good and happy, where's the asylum talk we've come to value?
[14:23] {Threei} http://realitytrader.com/vad/CrazyRussian.bmp
[14:24] {jfjf64} un grateful
[14:24] {Les} piss off jf
[14:24] {jfjf64} cut em off vad
[14:24] {Les} :P
[14:24] {Threei} his wife might object...
[14:25] {Les} seed might be ready for more important breakdown. small bounce here at .30
[14:25] {Threei} don't forget to view these up and down moves for what they are, scale wise
[14:26] {Threei} they look menaingful only within the range
[14:26] {Threei} but the range itself is so narrow, they do not mean anything
[14:26] {Threei} just a little noise
[14:27] {dino} out uta ave .70, +.12
[14:28] {dino} back in 30
[14:28] {Les} yeh, but this is smallest bounce yet on seed in last hour. looking for a possible 10 cent drop opp.
[14:31] {RonS} Vad, M staging for a late day run?
[14:31] {Threei} VXX new lows, believe it or not
[14:32] {Les} oh well, vxx didn't make 1:1
[14:33] {jfjf64} vad you here someone talkin
[14:33] {jfjf64} sounded lk les
[14:33] {Les} yes jf. vad is "here" and someone is talking
[14:34] {Les} god I must be bored
[14:34] {jfjf64} piss off les
[14:34] {Threei} yes jf but I am still not cutting'em off... jujst not my kind of joy
[14:34] {Les} ;)
[14:35] {jfjf64} lol
[14:37] {Threei} CRYP Signs a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta Ltd (update)
[14:37] {Threei} - The agreement covers a suite of CryptoLogic's top slot games to be launched on Betsson's websites . One game has already gone live on CasinoEuro and the remainder are scheduled for roll-out across the three brands later this year. The deal will provide CryptoLogic with recurring revenue based on wagers placed by Betsson's customers.
[14:38] {Les} oh Nemo, remember how I said that Waltz got a Brit award?
[14:38] {Les} What did you say?
[14:38] {Les} BFD, was it?
[14:38] {nemo} maybe...not that memorable a moment
[14:39] {Les} well Waltz's performance was and it's great to see Hollywood give him the recognition
[14:40] {Threei} I was really glad to see Bridges recognized
[14:40] {Threei} his Dude is absolutely brilliant
[14:40] {nemo} yeah, that was great...
[14:40] {Threei} in Big Lebowski
[14:40] {Les} saw his face. was it a movie, or a lifetime achievement award?
[14:40] {nemo} movie
[14:41] {Les} name?
[14:41] {nemo} RIMM did the big rinse on people's stops
[14:41] {nemo} going higher
[14:41] {strider} surprise, surprise.
[14:41] {nemo} Crazy Heart was the movie
[14:42] {strider} haven't seen it.
[14:44] {Les} is there something Taoist in the Dude's behaviour Vad?
[14:44] {nemo} he follows his nature
[14:44] {Les} in Big Lebowski
[14:44] {Les} he just "is"
[14:44] {nemo} we all "are" Les
[14:44] {Threei} rather Zen
[14:45] {Les} thinking about that film, it is a rather unusual character
[14:45] {nemo} yeah, he's pretty devoid
[14:48] {Threei} mama mia
[14:48] {Threei} listen to CNN
[14:48] {nemo} what?
[14:49] {Threei} nah, you gotta hear that
[14:49] {Threei} lemme see if it's on the web somwhere
[14:49] {nemo} just give me the cliff notes
[14:51] {Les} CNN doesn't make it easy to find live TV on their website
[14:53] {Threei} Eric Massa, Dem Congresamn
[14:54] {nemo} about Rahm in the shower?
[14:54] {Threei} ye
[14:54] {Threei} s
[14:54] {Threei} first I heard about it
[14:54] {Threei} sheesh
[14:54] {nemo} been on Drudge since this morning
[14:57] {Les} another congressman resigning?
[14:57] {Les} they could soon close congress as an efficiency measure...
[14:58] {Les} no need to keep lights on empty office building
[15:00] {jfjf64} good night all
[15:00] {Les} ciao
[15:01] {Threei} BLDP To Receive $6.2M in DOE Funding to Advance Non-Automotive Fuel Cell Commercialization (2.47, +0.18, 7.86%)
[15:01] {Threei} take care jf
[15:05] {Threei} SEED did break down
[15:07] {Les} course it did
[15:13] {dino} .
[15:13] {Les} Nemo, which movie?:
[15:14] {nemo} what?
[15:14] {Les} this is a shotgun sol... It's a %ucking anti-aircraft gun vincent
[15:14] {nemo} sorry...not triggering right now...although reminds me of a Rutger Hauer movie
[15:15] {Les} well it ain't blade runner
[15:15] {nemo} no, it was a movie set in England
[15:15] {Les} in the quiet words of the virgin mary... come again?
[15:15] {strider} I think it's in 'Song of the South.'
[15:16] {nemo} oh wait a minute
[15:17] {Les} protection from what? - zee Germans?
[15:17] {nemo} what was the name of Brad Pitt's character in that Ritchie movie
[15:17] {nemo} I saw it a couple of weeks ago
[15:17] {Les} that %ucking pickey
[15:17] {Les} mickey, I think it was
[15:17] {nemo} actually couldn't understand a thing he said
[15:17] {Les} language coach did a good job on him
[15:17] {nemo} bloody poms
[15:18] {Les} ah they make good actors
[15:18] {Les} even if its a yank pretending to be one
[15:18] {nemo} yeah...but boy are there a lot of brits pretending to be yanks
[15:18] {nemo} Oh by the way, met that Hugo Weaving guy at a birthday party in Sydney...quiet fellow
[15:20] {nemo} anybody for fcxy if it holds .65 and breaks .73 or so?
[15:20] {Les} seed again
[15:25] {strider} Any news on DRYS?
[15:25] {strider} none here.
[15:26] {Threei} two things we missed:
[15:26] {Threei} ENER, 8 break
[15:26] {Threei} grrr
[15:26] {Threei} and TEAR, no idea what the deuce there
[15:27] {Threei} anyone sees any news on it?
[15:29] {strider} not here.
[15:29] {strider} anyth9ng on DRYS, vad?
[15:29] {Threei} no
[15:29] {fernp} Good evening everybody. See you all tomorrow.
[15:29] {Threei} takeover chatter early in the morning
[15:29] {Threei} take care fern
[15:31] {dino} cya
[15:33] {strider} See you all in the morning. 5 days green in a row....only slightly, but it's a record.
[15:33] {Les} gj
[15:33] {Les} ciao
[15:35] {lasertrev} later strider
[15:35] {Threei} take care strider
[15:35] {strider} :)
[15:36] {Les} yeh will take the extra 30 mins. sleep tonight myself. c u's tomorrow.
[15:41] {Threei} TEAR, fine, I wouldn't go for this thing anyway
[15:41] {Threei} but ENER, I did keep an eye on it
[15:41] {Threei} too bad missed it
[15:41] {Threei} 8 break was solid setup
[15:47] {dino} later strider, les
[15:49] {Threei} today's raneg is 1/3 of Friday's
[15:50] {Threei} range
[15:50] {Threei} and it's not like Friday was particularly wide, lol
[15:51] {dino} too tight
[15:53] {dino} out cfi .845 ave, +.134 all dayer
[15:53] {Threei} calm before the storm
[15:55] {dino} crack you up, 60 degrees f here
[15:56] {Threei} finally global warming?
[15:56] {Threei} viva al gore?
[15:56] {dino} lol
[15:56] {dino} go from 3' of snow 10 days ago
[15:57] {Threei} Market Internals update at 3:30pmET
[15:57] {Threei} - NYSE volume 645M shares, about 19% below its three-month average; advancers lead decliners by 1.2:1.
[15:57] {Threei} - NASDAQ volume 1.81B shares, about 3% above its three-month average; advancers lead decliners by 1.1:1.
[15:57] {Threei} - VIX index +1.5% to just over 17.50
[15:59] {dino} well, it was profitable, but extremely boring
[16:00] {Threei} second that
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening
[16:00] {Threei} see you tomorrow
[16:00] {nemo} bye

[16:00] {lasertrev} good night all

[16:01] {dino} gn all

[16:02] {billyc} gn all