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

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Mar 02 2010

Nice first half of the day, mostly dead afternoon - just another day in the office. SQNM, AIG, SEED, SPLS were among notable movers.

Session Time: Tue Mar 02 00:00:00 2010

[07:19] {_jfjf64} mornin

[07:37] {Threei} CRAY Custom Engineering Group to Work With Microsoft Research on Cloud Computing

[07:37] {Threei} CRAY today announced its custom engineering group will work with Microsoft Research to explore and prototype a system that could provide a glimpse into the future of cloud computing infrastructure. The initiative represents the custom engineering group's first breakthrough into the commercial market.

[07:37] {Threei} - The objective of the technology development initiative is to design a supercomputing architecture that dramatically lowers the total cost of ownership for cloud computing data centers. Cray's custom engineering group will design a system infrastructure that combines super efficient power delivery, high-density packaging and innovative cooling technologies. This solution is intended to significantly reduce facility, power and hardware costs.

[08:16] {Threei} Dendreon Corp Hearing Favus Institutional Research making cautious comments (timing uncertain)

[08:16] {Threei} - Note: DNDN management will present at the 12th Annual BIO CEO and Investor Conference in New York City on Tuesday, February 9, 2010 at 2:00 p.m. E.T.

[08:30] {Threei} GR) Greek govt spokesman: Greece to announce austerity measures tomorrow

[08:30] {Threei} finally.. suspense is killing me

[08:30] {nemo} sounds like a vaseline shortage coming

[08:45] {Threei} Tuesday, March 02, 2010 8:44:46 AM

[08:45] {Threei} Preview: Feb US Vehicle Sales numbers expected throughout the day from major auto makers

[08:45] {Threei} **consensus estimates y/y:

[08:45] {Threei} - Ford (Noon ET): +33%

[08:45] {Threei} - GM (09:45ET): +20%

[08:45] {Threei} - Chrysler: -18%

[08:45] {Threei} - Toyota: -10%

[08:45] {Threei} - Honda: +24%

[08:45] {Threei} - Nissan: +38%

[08:45] {Threei} {--- proud to contribute to Nissan's success

[08:54] {Threei} DNDN Hearing Deutsche Bank making positive comments (timing uncertain) (32.51, 0.00, 0.00%)

[08:58] {dino} gm all

[08:59] {Threei} dino :)

[09:01] {Les} hi dino, vad

[09:01] {Threei} les :)

[09:01] {nemo} haroo

[09:01] {_jfjf64} mornin my trading family

[09:02] {Les} hi mom

[09:02] {Threei} jf :)

[09:02] {nemo} mmmhhhh...shall we call Les Oed

[09:02] {_jfjf64} les is funny guy

[09:02] {_jfjf64} lol

[09:03] {Les} Nemo brings the worst out of me jf

[09:03] {nemo} Yeah...it's my fault

[09:03] {nemo} my ex said it was my fault she gained weight...go figure

[09:03] {Threei} nemo does that to people

[09:04] {Threei} I distinctly rwemember the boat where he brought the alcoholic out of me

[09:04] {nemo} actually I'm very good at helping people's souls transition to their next incarnation

[09:04] {Raven} cough

[09:04] {Threei} lol

[09:05] {fernp} Good morning everybody

[09:05] {Threei} fern :)

[09:06] {billyc} gm all

[09:06] {Threei} billy :)

[09:06] {billyc} vad

[09:07] {Threei} DNDN's active and volatile this morning

[09:09] {ese} good morning

[09:09] {Threei} ese :)

[09:09] {billyc} ese

[09:09] {Les} ese, billy

[09:10] {Les} fern

[09:10] {billyc} les

[09:10] {Les} and even a good morning to Raven, who is always as quiet as a ....

[09:10] {Les} Raven?

[09:11] {ese} les...billy

[09:11] {Les} a mouse?

[09:11] {Les} a serious trader? (unlike myself)

[09:12] {Les} I'll shut up now

[09:12] {nemo} that should last about 30 seconds

[09:13] {Raven} mourn to you Les

[09:13] {Les} morning, or mourning?

[09:13] {Raven} yes

[09:13] {nemo} wow, lasted 1 minute

[09:14] {billyc} lol

[09:14] {Threei} improved self-control, ya know

[09:14] {nemo} better than me

[09:15] {Threei} SQNM Cantor Fitzgerald Raised SQNM to Buy from Hold, price target: $16

[09:15] {Threei} wow

[09:15] {Threei} sweet target

[09:16] {ese} ya.....but can it get there

[09:17] {Threei} no but can be scalped on the way

[09:19] {ese} indeed

[09:20] {larisa} gm :)

[09:20] {Threei} larisa :)

[09:21] {larisa} vad :)

[09:22] {Les} hi larisa. SQNM going for gold...

[09:23] {larisa} les :)

[09:24] {lasertrev} morning

[09:24] {Threei} trev :)

[09:25] {ese} laris LT

[09:25] {billyc} trevor larisa

[09:25] {lasertrev} hi:)

[09:27] {ese} what do you make of dndn this morning vad

[09:28] {ese} was thinkin .60 break but it's far exceeded that

[09:28] {Threei} will be a widowmaker

[09:28] {ese} gotcha

[09:28] {Threei} presentation on March 9,

[09:28] {nemo} mon popping

[09:28] {Threei} one downgrade and one upgrade

[09:29] {ese} thats the term they used for russian sailors who were on submarines wasn't it?

[09:29] {ese} widow maker

[09:29] {Les} .75 break on sqnm?

[09:29] {Threei} I'd prefer pullback, but who knows, hot thing

[09:32] {Threei} pullback is coming

[09:32] {Threei} let's see if we get 7.70 or so

[09:32] {Threei} ideally would be entry near .70 with stop under .60

[09:33] {Threei} keep half lot ready

[09:33] {Threei} will be awfully fast when bottoming

[09:33] {nemo} MAGS!

[09:34] {magoo} HEY

06[09:34] * Threei slaps magoo around a bit with a large "WHERE HAVE YOU BEEN!" banner

[09:34] {magoo} i needed a break, but im back now

[09:34] {Threei} finally

[09:34] {magoo} first break since i joined

[09:34] {Les} no more snow to shovel?

[09:35] {Threei} get ready guys

[09:35] {Threei} here comes last leg of pullback

[09:35] {Threei} fast players only

[09:35] {magoo} which one?

[09:35] {Threei} SQNM

[09:35] {nemo} sqnm

[09:35] {magoo} ty

[09:36] {Threei} not yet

[09:36] {Threei} AIG btw

[09:37] {magoo} yea

[09:37] {Threei} keep half lot ready as well

[09:37] {Threei} not ready either, just ruined double bottom setup

[09:37] {Threei} well, SQNM

[09:38] {Threei} .90 break...

[09:38] {Threei} less athusiastic about it

[09:38] {Threei} would still prefer deeper pullback

[09:38] {Threei} but if holding .80 and breaks .90, valid play

[09:39] {Threei} 1:1

[09:39] {_jfjf64} ty

[09:39] {Threei} yw

[09:39] {fernp} ty Vad

[09:39] {Threei} just a scalp

[09:39] {billyc} thanks

[09:39] {ese} MMMMAAAAAGGGGGGGSSSSSSSS!!!!!!!!!

[09:39] {Threei} not enough pullback for me to risk for more

[09:39] {magoo} ty vad

[09:40] {magoo} 03 out

[09:40] {Les} aig

[09:40] {magoo} ES:)

[09:40] {Threei} welcome sir - consider it my greeting for you

[09:40] {Threei} crap, missed AIG

[09:40] {magoo} you know i want much more right lol

[09:40] {Threei} but of course

[09:40] {magoo} some things do NOT change

[09:40] {Threei} but let's start slowly

[09:40] {dino} gj

[09:40] {magoo} watching AIG

[09:41] {Threei} was thinking of AIG .30 break, and couldn't decide

[09:41] {_jfjf64} magoo ya bring out best in vad

[09:41] {Threei} lol

[09:41] {Threei} ok, SQNM tries to turn into serious momo

[09:41] {Threei} let's try for entry un pullback under .10

[09:41] {Threei} as close to 8 as possible

[09:42] {Threei} AIG, entry around .35

[09:42] {Threei} half lot!

[09:42] {Threei} don't go xcrazy on size, these moves can be a killer

[09:43] {_jfjf64} ba

[09:44] {Threei} wow... SQNM not letting us in

[09:44] {nemo} aig has support at .45 too

[09:45] {Threei} I seriously hate to chase this kind

[09:45] {nemo} what sqnm?

[09:45] {Threei} they tend to reverse on you just when you give up on wasiting for pullback and hit buy

[09:45] {nemo} then let's find something else

[09:45] {Threei} AUG is getting there

[09:46] {Threei} General Motors Corp Reports Feb US Vehicle Sales +32% v +20%e; to 138K units

[09:46] {Threei} OK, AIG, first strength

[09:46] {Threei} stop under .20

[09:46] {Threei} in .33

[09:46] {nemo} oops

[09:48] {Threei} half lot, about 15 cents risk

[09:48] {magoo} in .29

[09:48] {Threei} looks good for try

[09:48] {Threei} if double bottom scenario works, should be fine for .60 at least

[09:48] {dino} rino

[09:49] {Threei} stopped

[09:49] {nemo} if aig loses low look for it to bounce at .10

[09:50] {Threei} I think lower nemo

[09:50] {nemo} i said bounce...could be on the way down the cliff though

[09:50] {Threei} SEED?

[09:51] {magoo} stop

[09:51] {Threei} no news that I see

[09:51] {ese} dino what do you think of spls

[09:52] {dino} on screen

[09:52] {dino} would like close to db on it

[09:52] {Threei} come on already SQNM

[09:53] {ese} tks

[09:54] {ese} mrkt slowly loosing life.......

[09:55] {dino} snda sm l .10

[09:56] {ese} nice dino

[09:57] {billyc} gj

[09:57] {dino} so far

[09:57] {dino} feels like yesterday

[09:57] {strider} long TM .07

[09:57] {Threei} Long Setup: ENER on pullback under .40

[09:57] {strider} long KO .35

[09:57] {Threei} stop under .35

[09:59] {magoo} SNDA nice dino

[09:59] {magoo} ou6t .54

[09:59] {dino} ty

[09:59] {Threei} wtg

[09:59] {Threei} AIG serious hit

[10:00] {dino} stop is .50

[10:00] {Threei} SEED again...

[10:01] {magoo} [09:42] {&Threei} AIG, entry around .35

[10:01] {magoo} [09:42] {&Threei} half lot!

[10:01] {magoo} [09:42] {&Threei} don't go xcrazy on size, these moves can be a killer

[10:01] {nemo} sqnm forming bull flag?

[10:01] {magoo} great example vad

[10:01] {Threei} oh yeah, you don't control risk on these ones, you are dead

[10:01] {dino} out +.42

[10:02] {Threei} I doubt it nemo

[10:02] {Threei} it's a momo mover

[10:02] {Threei} if it loses mojo, it's dead

[10:02] {ese} L qqqq .70

[10:02] {Threei} it needs nice pullback to reignite the passion

[10:04] {ese} stop .65

[10:05] {Threei} Long Setup: AIG .70 half lot

[10:05] {nemo} I've got a support line on aig at .50 for some reason

[10:06] {magoo} in

[10:06] {dino} spls es

[10:06] {Threei} DNDN FDA Spokesperson: DNDN is not expected to face FDA advisory panel

[10:06] {Threei} *** (31.95, -0.56, -1.72%)

[10:06] {Threei} hmm?

[10:07] {Threei} pre-approved??

[10:07] {Threei} feel free to take profit on AIG

[10:08] {Threei} 1:1

[10:08] {dino} cacc, thinny, wide

[10:08] {Threei} DNDN will eat shorts for breakfast now

[10:08] {ese} nice one boys....just wasn't fast enough

[10:08] {Threei} mags in fine shape despite sabbatical

[10:09] {Threei} if he gets this kind of lighteningly fast entries

[10:09] {ese} tks dino

[10:09] {Threei} can't call DNDN guys, this is not technical move at all

[10:09] {ese} thoughts?

[10:10] {Threei} pure momo

[10:10] {ese} spls

[10:10] {nemo} sqnm coming into support

[10:10] {Threei} here is full text, see if you can make sense of it:

[10:10] {Les} in dndn .51 out .80 ty vad

[10:10] {Threei} Dendreon Corp Reportedly FDA comments that DNDN will not have to go before another FDA advisory panel for Provenge; confirms FDA PDUFA action date is May 1

[10:10] {Threei} ***Note: Earlier today there was an analyst note that suggested that investors should sell DNDN.

[10:10] {dino} spls l .05

[10:10] {Threei} FDA PDUFA action date is May 1 _ I don't know what that means

[10:11] {dino} syke

[10:11] {dino} ntri

[10:11] {Threei} analyst that suggested sell this morning will spend next couple weeks in a godhouse I suppose

[10:11] {dino} ioc

[10:11] {nemo} ioc

[10:12] {Threei} SQNM slid where I wanted it to, but is too slow still... not ready for bounce

[10:12] {Threei} umm

[10:12] {nemo} helluva' stop on ioc

[10:12] {Threei} godhouse = doghouse

[10:12] {nemo} outhouse

[10:12] {Threei} lol

[10:12] {Les} ah. that sounds better

[10:12] {dino} huh? ioc, not in, watching

[10:12] {magoo} out aig .91

[10:12] {magoo} ty

[10:13] {nemo} understand, helluva stop on it where it is

[10:13] {Threei} welcome... don't oversit them mags

[10:13] {dino} ok

[10:13] {Threei} Fed's Hoenig: Reaffirms Fed should not guarantee markets an 'extended period' of low rates; longer rates 'will take care of themselves' - CNBC interview

[10:13] {Threei} - feels that the Fed cannot go to 1% interest rate without causing issues, but believes the economby is strong enought to digest a 1% fed funds rate when it gets there

[10:13] {Threei} - expecting growth at slightly more than 3%, which should help employment; Fed must become prepared to raise rates as "1% is not tight"

[10:13] {Threei} - Note: At the last meeting Hoenig dissented, seeking removal of 'extended period' language

[10:13] {dino} tighten spls to .99

[10:13] {dino} mt drop

[10:14] {nemo} big volume just came into ioc

[10:14] {dino} snda hitting yesterdays lod

[10:14] {Threei} ENER, a little more...

[10:14] {Threei} this is scalp type I play

[10:15] {Threei} ese's kind

[10:16] {larisa} should not type 1 have volume? or ese willl easy double the volume :)

[10:16] {ese} tks vad....just noticed...what are you thinkin

[10:16] {nemo} ioc just bolted

[10:16] {Threei} .35 support to placew stop under it, ese,

[10:17] {Threei} want long between .35 and .40, wherevr iot strengthens,

[10:17] {Threei} with exit around .45

[10:17] {Threei} lol larisa

[10:18] {Threei} it has a lot of liquidity

[10:18] {Threei} VXX,

[10:18] {Threei} watch for long entry around .40

[10:18] {nemo} wow, ioc buck in 3 minutes

[10:19] {Threei} udeally .35 even

[10:19] {dino} ntri l .25

[10:19] {Threei} SQNM played out from under .10

[10:19] {Threei} I didn't have enough conviction for a call

[10:20] {nemo} bounced right of 50 ma

[10:20] {dino} out ntri .42, +.17

[10:21] {dino} nemo, what the f# ioc?

[10:21] {nemo} yeah, gave no warning, just popped

[10:21] {dino} stopped spls -.06

[10:22] {nemo} ntri

[10:22] {nemo} sorry

[10:23] {Threei} SEED... what the deuce?

[10:23] {Threei} anyone see any news?

[10:23] {dino} stewie

[10:23] {Threei} this one doesn't really move without news normally

[10:23] {fernp} not news here, vad

[10:24] {Threei} AIG Fitch affirms BBB ratings on AIG, outlook developing; AIA placed on watch postiive (24.71, -1.07, -4.15%)

[10:28] {dino} thin sm l swm .86

[10:29] {Les} SPLS approaching lod

[10:29] {dino} db or death?

[10:29] {Les} waiting with bated breath

[10:30] {Threei} I'd label it as possible multiple try,

[10:30] {dino} spls l .88

[10:30] {Threei} .90 break with stop under .80 first attemot

[10:31] {_jfjf64} ???

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

[10:31] {Threei} - NYSE volume 205M shares, about 15% below its three-month average; advancers lead decliners by 1.9:1.

[10:31] {Threei} - NASDAQ volume 660M shares, about 30% above its three-month average; advancers lead decliners by 1.5:1.

[10:31] {Threei} - VIX index -0.75% to just over 19.00

[10:31] {Threei} jf?

[10:31] {dino} naz vol lately

[10:31] {Threei} Long Setup: SPLS .90 break if stays under .80, and be ready for multiple tries; don't touch it if you aren't

[10:32] {_jfjf64} ty

[10:32] {Threei} this way is easier? :)

[10:33] {dino} you just did not explain it obama

[10:33] {dino} :)

[10:33] {Threei} lol

[10:33] {Threei} meanie

[10:34] {dino} indeed

[10:34] {Les} snda

[10:35] {nemo} Long Setup: SPLS .90 break if stays under .80,

[10:35] {nemo} ???

[10:35] {nemo} you mean above .80 right?

[10:36] {dino} tough crowd today

[10:36] {Les} nemo is bored I think

[10:36] {Threei} sigh

[10:36] {nemo} no..not making any assumptions

[10:36] {Threei} yes

06[10:36] * magoo slaps nemo around a bit with a large trout

[10:36] {magoo} been awhile

06[10:36] * nemo bliss

[10:36] {dino} ntri bummer

[10:36] {Les} haha taste of your own medicine

[10:36] {magoo} felt good

[10:36] {Threei} lol

[10:36] {nemo} shut up les...Magoo's been trouting me for awhile

[10:37] {dino} swm going upstream

[10:37] {Threei} get a room you two

[10:37] {Les} I'm rooting for him cause I can't trout you

[10:39] {magoo} these two been bickering while i was away vad?

[10:39] {nemo} nah

[10:39] {Les} Nemo was lonely without you Mags

[10:39] {nemo} Les sticks his chin out...I whack it

[10:40] {dino} snda sm l .65

[10:41] {Threei} I don't know if bickering is right word mags...

[10:41] {Les} not sure if sqnm wants to bounce here

[10:41] {Threei} it's a kind of thing that ends either in murder or marriage

[10:42] {nemo} I prefer the former

[10:42] {Threei} don't you always

[10:42] {nemo} consistency

[10:42] {Threei} HIG Hearing strength attributed to renewed takeover chatter

[10:42] {Threei} - Rumors again mention that Allianz is interested party (25.12, +0.31, 1.25%)

[10:42] {magoo} in snda

[10:42] {ese} L seed .50

[10:43] {magoo} with dino

[10:44] {Les} ATHN

[10:44] {Threei} ese... look at ENER

[10:44] {Threei} did we miss it by just one cent?

[10:44] {dino} stop on snda is .43

[10:46] {Les} ooh yeh sqnm bounced

[10:46] {Threei} Long Setup: AIG .95

[10:46] {dino} rino animal

[10:46] {magoo} here goes snda

[10:47] {ese} yes we did.....nice move ever

[10:47] {ese} ener

[10:47] {Threei} AIG invalidated

[10:48] {magoo} aig might be worth shot near .50

[10:48] {Les} sqnm has gone momo again

[10:48] {Threei} yeah, fire's rekindled

[10:50] {nemo} spls respecting the trend line

[10:50] {magoo} waiting snda .94

[10:50] {dino} swm stuck to .79

[10:50] {Threei} SQNM is officially momo

[10:51] {Threei} can't read it by technicals

[10:51] {Les} thanks dino for snda. out +.15

[10:52] {Threei} SPLS looks ready for bigger move now

[10:52] {nemo} volume strating to come in

[10:52] {Threei} 1:1

[10:52] {dino} spl(at)s moving

[10:53] {Threei} half out for me here

[10:53] {Threei} +.14

[10:53] {dino} stop to .99

[10:53] {Threei} .89 for me :)

[10:53] {_jfjf64} nice ty

[10:53] {billyc} gj

[10:53] {Threei} welcome

[10:54] {dino} to .05

[10:54] {ese} somebody give seed a hoof with a steel toed boot

[10:54] {Les} out spls. another good day. dino's example helping me to tighten up the play on his setups

[10:54] {dino} out +.17 spls

[10:54] {dino} happy to help

[10:55] {Les} yesterday contrary. buying at top and selling at bottom

[10:55] {dino} i am just a stingy bas#rd

[10:55] {Les} stingy and lucky are good

[10:55] {ese} inglorius not doubt

[10:55] {_jfjf64} piss off les

[10:56] {dino} snda troubles me tighten to .49

[10:56] {Les} hehe

[10:56] {_jfjf64} lol

[10:56] {Threei} you inspire us to become stingier and bastardier dino

[10:56] {_jfjf64} pcx .15 break

[10:56] {dino} infamous i've been called

[10:56] {Les} you still got your head in those Mediterranean skirts jf?

[10:56] {_jfjf64} easy

[10:57] {Les} ooops clouds I meant

[10:57] {dino} lol

[10:57] {_jfjf64} vad ya lk pcx

[10:57] {Threei} chart I like

[10:57] {Threei} what I don;'t like is time of the day,

[10:57] {_jfjf64} 5min

[10:57] {Threei} this is about whn breakout cease to work lately

[10:58] {ese} I want seed to have one of dem dare 4 dalla up type days

[10:58] {nemo} so, that means they'll start working :)

06[10:59] * nemo slaps strider around a bit with a large set of harley saddle bags

[10:59] {dino} fade the faders fade huh

[11:00] {nemo} african swallow, or european?

[11:00] {_jfjf64} pcx

[11:01] {_jfjf64} 1/1

[11:01] {billyc} gj jf

[11:01] {Les} nice one. missed the .15 break i wanted

[11:01] {nemo} How's it feel to want?

[11:01] {_jfjf64} went in .14

[11:02] {Les} I just go and drink a beer and its forgotten nemo

[11:02] {nemo} nice

[11:02] {_jfjf64} les im beginning to lk ya

[11:02] {_jfjf64} nemo piss off

[11:02] {nemo} hehehe

[11:02] {_jfjf64} lol

[11:03] {dino} lol

[11:03] {Les} I can see the Bahamas beer party already. somewhere down the road...

[11:03] {_jfjf64} dinooooooooooooo

[11:03] {nemo} amzn riding support

[11:03] {Threei} just tell me when you all are going to Bahamas

[11:04] {Les} no

[11:04] {nemo} here comes the punch line

[11:04] {Threei} so I make sure to go to Alaska that week

[11:04] {billyc} i live 30 mintues from there

[11:04] {nemo} ese...rim shot

[11:04] {nemo} alaska billy?

[11:04] {magoo} yea..me and vad are heading north

[11:04] {billyc} too cold

[11:04] {dino} stop snda -.16

[11:04] {magoo} out

[11:04] {ese} ba dap bap!

[11:04] {nemo} I'll send my evil twin

[11:04] {nemo} ty ese

[11:05] {Threei} and you haven't attended our Freeport seminar Billy...

[11:05] {ese} rim shot a little late ....better late than never

[11:05] {nemo} mmmhhh...fcx setting up short?

[11:05] {billyc} i will next time

[11:06] {Threei} PCX explosion

[11:06] {dino} maybe me too

[11:06] {Threei} nice find jf

[11:06] {_jfjf64} thats what i do

[11:06] {Threei} slideshow of this last one is still in the making...

[11:07] {Threei} previous one is at http://caratrading.com/content/ctab-bahamas-conference-2009-post-conference-slideshow

[11:07] {nemo} that's back when my hair was short...

[11:07] {Threei} look it and tell me isn't it fun

[11:07] {nemo} bill does 1st class

[11:07] {Threei} tax deductible funm too

[11:09] {Threei} SEED woprks for you ese

[11:10] {Threei} lol... look at SPLS 1 min and compare spike tming qwith:

[11:10] {Threei} [10:52] {Threei} SPLS looks ready for bigger move now

[11:11] {dino} gj jf pcx

[11:11] {ese} out 1/2 seed .92 +.42 balance to break even

[11:11] {Threei} wtg

[11:11] {dino} wtg

[11:11] {dino} puk l .50

[11:12] {Threei} OK

[11:12] {Threei} let's try to find VXX entry

[11:12] {dino} higher low spls

[11:12] {ese} nahhhh for get it balance out .94 +.44

[11:12] {Threei} why not

[11:13] {ese} 12k of seed makes for a nice day

[11:13] {Threei} 45 cents is nothing to sneeze at

[11:13] {ese} nope

[11:13] {Threei} and at 12K lot it's nothing to even squint at

[11:13] {ese} indeed

[11:14] {dino} then i correct my wtg to wtfg

[11:14] {Threei} if I weren't that stingy and called ENER at .41, you'd take about 39K there, and pretty much feel set for the next two-three hours, expenses wise

[11:14] {ese} i'll take that wtfg

06[11:15] * magoo slaps ese around a bit with a large trout

[11:16] {ese} agady agady......

[11:16] {Threei} ese speaks martian...

[11:16] {ese} seed comes dn just as hard as it goes up

[11:17] {Threei} Long Setup: VXX .35 break

[11:17] {ese} thats from bugs bunny when one of the characters gets slapped a little

[11:17] {dino} tuck em in bugs

[11:17] {fernp} stop under .28?

[11:18] {Threei} for now, yes

[11:18] {fernp} ty

[11:19] {Threei} wanted to suggest modification and get .30 break, and was too late

[11:20] {Threei} that would be sweet entry, 3 cents stop

[11:21] {nemo} amzn downward wedge

[11:22] {dino} is that like downward dog

[11:23] {nemo} ?

[11:23] {Threei} rofl

[11:24] {ese} Laig .86

[11:25] {ese} out aig .96 +.10

[11:25] {ese} this is how work was meant to be

[11:25] {Les} sqnm possible support here

[11:26] {fernp} stopped VXX

[11:28] {Les} SNDA at 39

[11:28] {dino} watching it, need nemo for support line

[11:29] {Les} pivot support at 38.49

[11:29] {dino} i show 37.20, but thats a ways

[11:30] {dino} spls lod

[11:35] {Les} fcx bounce

[11:36] {dino} going for hod's

[11:36] {Threei} all such breaks in recent weeks failed

[11:37] {Threei} not spectacularly, just stalled... but enough to get any brewakout play stopped

[11:38] {Threei} not biting

[11:39] {dino} here it comes

[11:42] {dino} hmmm

[11:45] {Les} covering sqnm +.10

[11:45] {Les} vad, other day you said your intraday BB charts were set differently to daily charts

[11:45] {Threei} yes

[11:45] {Les} what was your intraday settings?

[11:46] {Threei} 13/1.7

[11:46] {Les} ty

[11:46] {Les} wow. that changes the dynamism of sqnm downward spike one minute ago.

[11:50] {magoo} back

[11:54] {magoo} hello?

06[11:54] * nemo slaps nemo around a bit with a large trout

[11:54] {Threei} we are not deaf, we are just ignoring you

06[11:54] * nemo slaps magoo around a bit with a large trout

[11:55] {magoo} ahhhhh...good

[11:55] {Threei} also, considering how long you were on sabbatical, you can't blame us for thinking you are just mirage

[11:55] {Threei} or hallucination

[11:55] {magoo} didnt think u guys had enough of me already after such absence

[11:55] {Threei} and we are afraid to talk to hallucination, for when they start answering you...

[11:57] {Threei} (US) House Committee requests information related to claim denials by healthcare companies

[11:57] {Threei} - Asks CEOs from Humana, Aetna, Wellpoint and UnitedHealth to testify at 3/23 hearing.

[11:57] {Threei} ****Reminder: On 2/24 HHS Secretary requested a March 3 meeting with CEOs of health insurers including WLP, UNH, CI, HUM and AET.

[11:57] {Threei} was there ever such widespread intrusion in business by goverment bodies in USA history?

[12:01] {Threei} F Reports Feb US Vehicle Sales +43.1% y/y v +33%e; to 142.2K units

[12:01] {Threei} - Total Truck and van sales % y/y to K units v +14.5% in Jan (39.7K units)

[12:01] {Threei} - F series pick-up s... (12.39, -0.02, -0.16%) more...

[12:01] {dino} two different theories at work 3i, the dems who want control

[12:01] {dino} and the republicans who want markets.

[12:01] {dino} problem is dems control the votes so swinging wide left

[12:02] {dino} i am w/john galt, "get out of the way"

[12:02] {Threei} even bigger problem is, when republocans get their way they squander it almost as effectively...

[12:02] {Threei} none of them gets out of the way

[12:03] {dino} agree that they all spend too much

[12:05] {dino} we've stalled in tight range

[12:06] {Threei} as always

[12:06] {Threei} Market Internals update at 12:00pmET

[12:06] {Threei} - NYSE volume 365M shares, about 15% below its three-month average; advancers lead decliners by 2.8:1.

[12:06] {Threei} - NASDAQ volume 1.21B shares, about 28% above its three-month average; advancers lead decliners by 2.1:1.

[12:06] {Threei} - VIX index -2% to just below 19.00

[12:07] {Threei} this phenomenon continues to amaze me

[12:07] {Threei} I don't think I've ever seen this, for such extended time

[12:07] {Threei} for months now, we have volume increasing on red days, drying up on green ones

[12:08] {Threei} yet uptrend is intact

[12:08] {dino} and tight range afternoons

[12:08] {Threei} aftrenoon tight ranges, yes...

[12:08] {Threei} but this is something that is simply to be taken into account,

[12:08] {Threei} incirporated in our strategy

[12:09] {Threei} so we don't overtrade at thiks time of the day

[12:09] {Threei} keep bets light

[12:09] {Threei} that volume pattern though, it's different

[12:09] {Threei} it goes against one of fundamental principles

[12:10] {Threei} which is no big deal if happens once in a blue moon

[12:10] {Threei} but it holds true for months

[12:11] {Threei} even without tracking day by day, look at SPY daily for instance

[12:11] {Threei} general volume-price configuration

[12:11] {Threei} you'll see what I mean

[12:13] {dino} snda sm l .00

[12:13] {Threei} if anyone can come up with any sensible explanation, feel free... cause I sure have none

[12:13] {nemo} wall of worry climb

[12:14] {nemo} market shouldn't be going up, so light buying moves it up

[12:14] {Threei} any bull market does that at the beginning stages

[12:14] {Threei} but this volume pattern is never this sustainable

[12:14] {dino} random dance market

[12:14] {nemo} what was the last depression you lived through?

[12:14] {dino} buy them higher sell them lower

[12:14] {Threei} lol

[12:15] {Threei} why do I need to live through depression to know chart patterns?

[12:15] {nemo} well, go study the chart volume patterns from that time

[12:15] {nemo} last year was "we're all gonna'die"

[12:15] {Threei} and who told you I ever came out of depression meeting you in 2007 caused?

[12:15] {dino} further, i feel as tho the investor is dead. these markets move on traders, days happen in minutes

[12:16] {nemo} nano-trading

[12:16] {nemo} there's a book in there

[12:16] {Threei} you measn you see this volume pattern in depression timnes?

[12:16] {Threei} then we look at different charts, I don't see anything like this

[12:16] {nemo} I don't know...just last year was quite an exception

[12:16] {dino} drop

[12:17] {nemo} fas pullback

[12:17] {Threei} ok, I take severe umbrage in this one:

[12:17] {Threei} [12:15] {nemo} well, go study the chart volume patterns from that time

[12:17] {Threei} you think I didn't, before asking the question?

06[12:17] * Threei slaps nemo around a bit with a large price-volume charts from 1930 to our days

[12:17] {dino} i think you are overthinking it. my gut says no investors just traders

[12:18] {Threei} it's true

[12:18] {Threei} but why is volume reversed?

[12:18] {dino} panic on any drop after '09

[12:18] {nemo} wall of worry

[12:18] {dino} brutal lesson learned, get out

[12:18] {nemo} yep

[12:19] {dino} investors would wait it out, investors are minority

[12:19] {ese} did they even have price charts back then

[12:19] {nemo} yes ese

[12:19] {nemo} all investors are gone...money gone

[12:19] {Threei} yes... they called them plates, for some reason

[12:20] {dino} shoot first on drops ask questions later

[12:20] {Threei} I guess I don't ask my question clearly

[12:20] {Threei} and it's not emopty curiosity

[12:20] {Threei} this is something we need to understand in order to read the direction

[12:21] {Threei} let me try again

[12:21] {Threei} yes, as you say, when fear overcomes greed, volume increases on red days

[12:21] {Threei} that's what such increase indicates:

[12:21] {Threei} more fear,

[12:21] {nemo} economically much fear right now

[12:21] {Threei} greed retreats

[12:22] {Threei} and volume on green days is less.

[12:22] {Threei} That's all normal.

[12:22] {Threei} What isn't normal:

[12:22] {Threei} when this pattern develops, we establish DOWNtrend

06[12:22] * nemo asks: "What is normal?"

[12:22] {Threei} not UPtrend

[12:22] {ese} seed....wha da ya think vad L maybe at .05

[12:22] {Threei} yet, having this volume pattern, we continue uptrend

[12:23] {dino} more fear than greed

[12:23] {nemo} Fear is still very high out there

[12:23] {Threei} ese, it's worth a try, but wether it works or not won't depend on technicals, rather on wheher momo players return

[12:23] {dino} economy in my area sucks, fear everywhere

[12:23] {Threei} yes

[12:24] {Threei} that's what volume idndicates

[12:24] {Threei} more fear

[12:24] {Threei} so why uptrend??

[12:24] {nemo} Lotsa' fear, but where else you gonna' put your money?

[12:24] {dino} so perhaps lower vol on up because no investors(fear), but the ones that are in sell drops fast

[12:25] {dino} right now, the cd's are getting the money but paying nothing (fear again over rides)

[12:25] {nemo} my take dino, lock in profit and begrudgingly buy upward]

[12:25] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units

[12:25] {Threei} - Reminder: Jan sales +22% to 65.5K units

[12:25] {nemo} also, with no place else to put money, nobody really selling

[12:26] {dino} sure, back to trader market only, no investors

[12:26] {Threei} what do you mean nobody really selling?

[12:26] {Threei} where does volume on red days coming from then?

[12:26] {Threei} if it all were just short term traders, volume would be roughly equal

[12:26] {nemo} people locking in profit

[12:27] {dino} traders/sellers. investors are gone, most traders are long only types, they sell fast

[12:27] {Threei} OK, I guess my english sucks... you guys don't hear me :)

[12:27] {dino} athn just exploded

[12:27] {dino} i hear you 3i, but nobody knows. my thoughts are fear on drops

[12:28] {dino} snda oput at .40, +.40

[12:29] {dino} i understand the dilema, i ask it too, but....

[12:29] {Threei} SNDK boumce candidate

[12:29] {dino} swm was stopped btw

[12:30] {Threei} fast dive to or just under .50 would be ideal

[12:30] {nemo} at yesterday's close

[12:31] {nemo} market looking weak

[12:31] {Threei} well, we have TV appearance coming

[12:31] {nemo} who?

[12:31] {Threei} guess

[12:32] {dino} hank reardon

[12:32] {nemo} male or female?

[12:32] {Threei} dino, get back in real wolrd, will ya :)

[12:32] {dino} :)

06[12:32] * nemo slaps dino around a bit with a large copy of Atlas Shrugged

[12:32] {dino} you guys did this to me

[12:32] {nemo} BSMF

[12:33] {Threei} sorry dino

[12:33] {nemo} and frankly...Ayn would be pissed at you for saying that

[12:33] {dino} no complaints, changed me

[12:33] {Threei} I find that book kind of litmus test

[12:33] {Threei} I find myself on the same side on many issues with those who like it

[12:34] {_jfjf64} hmm

[12:34] {nemo} FAS about to hit VWAP

[12:34] {nemo} and 200

[12:34] {dino} swm rinsed

[12:35] {gregns} now is not the time for sndk?

[12:35] {fernp} SNDK .70 break, Vad?

[12:35] {Threei} no... don't like it here

[12:35] {fernp} ok

[12:35] {gregns} okey dokey

[12:35] {dino} oh man, the meatloaf sandwich is under-rated. should make a meatloaf sub

[12:35] {Threei} if it goes from here, it's just one of those moves that I can't read

[12:36] {fernp} u can read everything :-)

[12:36] {Threei} but suppose it pulls back to .65 or so,

[12:36] {Threei} and return to .70 and breaks it, yes, that I'd see as a valid setup

[12:37] {fernp} yes understand, db scenario

[12:37] {Threei} yes, with higher low

[12:38] {Threei} as it is, it's just a move

[12:38] {dino} here's a thought on your volume question, could it be that some of the stocks that are in the indexes are above average, thus pulling everything else along

[12:38] {Threei} not everything moves in patterns, some moves are just that

[12:38] {Threei} hah

[12:38] {nemo} also have etfs...wonder what affect they're having

[12:38] {nemo} effect

[12:38] {Threei} that's interesting suggestion dino

[12:38] {nemo} influence

[12:38] {Threei} and you know what

[12:39] {Threei} pattern is drastically different for NYSE and NASDAQ

[12:39] {dino} other thing is some have been dropped from index (c, aig, etc)

[12:39] {Threei} that would influence volume now vs volume before they were dropped

[12:39] {Threei} not day by day now

[12:40] {Threei} but your first suggestion is very likely true

[12:40] {Threei} NYSE and NASDAQ represent different sectors,

[12:40] {Threei} and volume on NASDAQ was less impacted by this strange pattern

[12:40] {dino} the meatloaf trigger the thought

[12:40] {nemo} wow

[12:41] {Threei} NYSE with its heavy represenation of financials

[12:41] {Threei} could be

[12:41] {dino} we're onto something

[12:41] {nemo} how's your shoulder dino

[12:41] {Les} NO FOOLS it's the computers!

[12:41] {Threei} The Power of Meatloaf Thinking

06[12:41] * nemo slaps Les around a bit with a large lead pipe

[12:41] {dino} good title\

[12:42] {Threei} well, the implication is:

[12:42] {Threei} without breaking things by sectors and possibly even deeper, isolation of certain stocks with unusual heavy trading,

[12:42] {Threei} we can't rely on index volume

[12:43] {Threei} and I am too lazy to do those deep analysis

[12:43] {nemo} interferes with your drinking time

[12:44] {Threei} and with my non-thinking principles

[12:44] {Threei} (I prefer to call inabaility a principle, ya know)

[12:45] {Threei} so there we go: index movement is dicated by price changes, not volume-weighted,

[12:45] {Threei} most stocks move in unison and define index direction,

[12:45] {Threei} but some, where the fear is concentrated the most, have unusual big volume on down days

[12:45] {Threei} skewing the volume pattern.

[12:46] {dino} glad i could be of assistance

[12:46] {Threei} totally

[12:46] {Threei} you keep that meatloaf handy

[12:47] {dino} will do, good for once every other week

[12:47] {Threei} SCON Hearing MDB Capital analyst suggests SCON has been awarded a significant contract win from AT&T for data network equipment (3.35, +0.47, 16.32%)

[12:47] {Threei} another momo

[12:48] {Threei} PAH3.GE Reports US Feb vehicle sales at 1,531 units, about flat y/y

[12:48] {Threei} that's Porsche

[12:50] {dino} gmcr

[12:56] {dino} qsii

[12:56] {dino} spls lod

[13:00] {Threei} BLDP to Power SunLine Transit Agency Buses (2.35, +0.11, 4.91%)

[13:01] {Threei} fuel cells stock

[13:04] {dino} puk to .61

[13:04] {_jfjf64} rimm new h

[13:05] {strider} TM

[13:05] {Threei} TM Reports Feb US Vehicle Sales (y/y): -8.7% v -10%e; to 100K units

[13:05] {Threei} - reminder: Feb Sales -8.7% y/y at 98.8K units (74.48, +0.84, 1.14%)

[13:06] {dino} to .62

[13:08] {dino} out puk +.12

[13:11] {gregns} sndk

[13:11] {gregns} ?

[13:12] {Threei} not sure

[13:12] {Threei} can become a short on .60 breakdown just as well

[13:13] {gregns} ty

[13:14] {_jfjf64} qcom what up

[13:15] {Threei} QCOM Hearing positive comments being made at annual shareholder meeting; see revenues and EPS at the high end of prior expectations

[13:15] {Threei} - Note: on 1/27 QCOM Guided FY10 EPS $2.10-2.30 v $2.22e, R$10.4-11B v $10.6Be (38.03, +2.47, 6.95%)

[13:15] {Threei} US sets preliminary anti-subsidy duties of 4-13% on China, 17.5% on coated paper from Indonesia

[13:15] {Threei} - Notes still assessing whether to treat China's currency practices as a countervailing subsidy.

[13:15] {_jfjf64} ty vad

[13:16] {_jfjf64} wd of been nice at 37.00

[13:26] {fernp} PAY any read, Vad?

[13:28] {Threei} I am seriously torn fern

[13:28] {Threei} I like the chart

[13:29] {Threei} but how many of these worked lately on aftrenoons?

[13:29] {strider} [13:28] {&Threei} "I am seriously torn fern" ---vad, you probably just need to be re-potted.

[13:29] {fernp} yes, you are right

[13:30] {Threei} rofl

[13:30] {Threei} you guys in rare shape today

[13:30] {nemo} or keep the dog away

[13:30] {dino} spls sm l .50

[13:31] {_jfjf64} rimm vad

[13:33] {Threei} 50/50 jf

[13:37] {Threei} look at this paralysis

[13:37] {Threei} wehich way it resolves is a total coin toss

[13:37] {_jfjf64} lk the short now

[13:39] {Threei} wow

[13:39] {Threei} read this:

[13:39] {Threei} Fed's Hoenig: Very difficult to see asset sales this year as must prepare markets for policy change - CNBC interview exerpts

[13:39] {Threei} - asked how he would handle the exit strategy, Hoenig comments the Fed should "prepare the markets" over a period of months, then more toward unwinding and normalization measures over a period of "years."

[13:39] {Threei} Fed should "prepare the markets"?

[13:39] {Threei} #$*&^$kers

[13:42] {_jfjf64} tk look pcx

[13:43] {Threei} impressive

[13:43] {_jfjf64} up 1.00 from my entry

[13:44] {Les} SPLS bottom feed somewhere round here

[13:45] {nemo} no volume

[13:45] {Les} yeh that'd be key

[13:45] {_jfjf64} tell em nemo

[13:45] {Threei} SNDK is totally got away from me

[13:46] {Threei} twice

[13:46] {nemo} reminds me of a bad joke...but I can't remember it

[13:46] {_jfjf64} grrrrrrrrrrrr

[13:46] {nemo} not you jf

[13:47] {nemo} little volume creeping into spls

[13:47] {nemo} mon basing

[13:48] {nemo} volume increasing on spls

[13:49] {dino} ntri sm l .20

[13:49] {Les} OSIP

[13:50] {ese} gotta go all see ya tomorow.......

[13:50] {Les} ciao

[13:50] {_jfjf64} see ya es

[13:51] {dino} cya

[13:51] {billyc} cya ese

[13:51] {_jfjf64} no seed watchers

[13:52] {Les} fcx

[13:52] {Threei} NSANY Reports Feb US Vehicle sales (y/y): +29% v +38%e; to 70.2K units

[13:52] {Threei} - Reminder: Jan sales +22% to 65.5K units

[13:52] {Les} just doesn't wanna stop

[13:54] {Threei} X lags

[13:54] {Threei} in fact, doesn't want to go with market

[13:55] {Threei} if I wanted a trade, it would be short X on 58 break when market revreses back down

[13:55] {nemo} x looks like fas

[13:55] {Les} sqnm trying

[13:55] {_jfjf64} does that mean ya shorting

[13:56] {Threei} no colored call - discretionary

[13:56] {larisa} X still uptrending though

[13:56] {_jfjf64} pcx strong

[13:56] {Threei} you like - you take

[13:56] {Threei} I just describe it for those who want

[13:56] {fernp} NVDA .05 break, Vad?

[13:57] {Threei} too narrow fern

[13:57] {Threei} if you eant 5 cents scalp, sure

[13:57] {Threei} want

[13:57] {dino} qsii sm l break of .20

[13:57] {Threei} and jf, it's invalidated anyway

[13:57] {fernp} ty. that's what i want

[13:59] {dino} cx qsii

[14:00] {Les} SNDA may be reversing

[14:00] {Threei} Fed's Kocherlakota: Unemployment levels are uncomfortable

[14:01] {Threei} that's one way to put it

[14:01] {dino} especially for the unemployed

[14:01] {dino} ntri stop is .99

[14:02] {larisa} Kocherlakota??

[14:02] {Les} fed makes no pretense that its not run by mafia

[14:05] {nemo} kick me please vad

[14:05] {Threei} hmm?

[14:05] {nemo} do I need to repeat it?

[14:05] {Threei} I don't indulge masohists

[14:05] {Threei} I make them suffer by not indulging

[14:06] {nemo} no..for missing fcx at 77.55 I was looking at it when volume came in, said "nah, that's too obvious."

[14:06] {nemo} mon

[14:06] {nemo} volume coming in break of 72 interesting

[14:09] {Les} Nemo, you once mentioned white numbers on T&S is people trying to get out

[14:09] {Les} nice call on mon by the way

[14:09] {nemo} ty

[14:09] {nemo} can be white numbers are market orders

[14:09] {Les} what does this colour coding on T&S mean?

[14:09] {nemo} market orders

[14:09] {Les} green is buy?

[14:10] {Les} Red is sell?

[14:10] {nemo} green means somebody bought the offer

[14:10] {Les} what is yellow?

[14:10] {nemo} Red means somebody selling sold to the bid

[14:10] {nemo} yellow in your case is likely market orders

[14:10] {dino} ntri stop

[14:10] {larisa} yellow means too much carrot

[14:10] {Les} out MON +.20

[14:10] {Threei} msrket orders?

[14:11] {Threei} they can't be color coded

06[14:11] * nemo slaps larisa around a bit with a large peacock feather

[14:11] {Threei} DOJ has requested some Hedge Funds hold on to trading records with regards to Euro transactions - CNBC's Faber

[14:11] {Threei} - DOJ has not subpoenaed any individuals or companies

[14:11] {Threei} what the hell is going on

[14:12] {Les} crap. OSIP broke at same time as MON

[14:13] {Les} http://uploads.mibbit.com/4skNUx.gif

[14:13] {dino} trying to make speculation illegal, crazy times

[14:13] {Les} Vad, can you help me decode this T&S chart please?

[14:14] {Les} yellow price means unchanged

[14:14] {Les} yellow vol. means unchanged

[14:15] {nemo} no it means in between bid and offer...likely market order

[14:15] {Threei} that's what your broker said?

[14:15] {Les} no just guessing

[14:15] {nemo} wtf

[14:15] {Threei} ok, you need their explanation of color agenda

[14:15] {Les} its broker specific is it?

[14:15] {Threei} I've no idea what they label as yellow

[14:15] {nemo} green means somebody bought the stock paying the offer]

[14:15] {Threei} for Laser it's simple

[14:16] {Threei} green - trade at offer price

[14:16] {nemo} red likely means somebody sold the stock for the bid

[14:16] {Threei} red - trade at bid price

[14:16] {Threei} white - inbetween

[14:16] {nemo} yellow is likely market/inbetween

[14:16] {Threei} why market?

[14:16] {Threei} inbetween - probably

[14:16] {Threei} but why it needs to be market?

[14:17] {Les} ok. will try to track it down. thanks anyway

[14:17] {nemo} doesn't need to be, but market orders will usually be the best available price

[14:17] {Threei} so will limit

[14:17] {nemo} good point

[14:17] {Threei} send at the offer, if there is hidden offer lower you'll get it

[14:18] {Threei} make this disctinction:

[14:18] {Threei} there is an order that hits someone else's one,

[14:18] {Threei} this is MARKETABLE order

[14:18] {Threei} don't confuse with market

[14:19] {Threei} marketable order can hit hidden one inbetweem

[14:19] {Threei} now, if you try to put in bid or offer at the current perice or beyond, but not between existing ones,

[14:19] {Threei} it's pyre limit

[14:19] {Threei} pure

[14:19] {Threei} and there will be no improvement

[14:20] {Threei} you'll get a fill only when someone hits you

[14:20] {Threei} what you'll get though with Laser is ECN rebate

[14:21] {nemo} fcx siting on resistance and trendline

[14:21] {nemo} sitting

[14:23] {dino} qsii sm l .15

[14:24] {strider} HIG, jb

[14:24] {nemo} is it trading?

[14:25] {dino} \sm l snda .25

[14:27] {Threei} sharp moves both directionms

[14:27] {nemo} what you say about pulling teeth last week?

[14:28] {Threei} to me, this week feels easier

[14:28] {nemo} it's only Tuesday

[14:28] {Threei} get your good trades early, then sit it out

[14:28] {Threei} wait for something big to happen

[14:28] {nemo} reminds of a woman I dated...spent a year with her one week

[14:28] {Threei} if you get lucky to get news early, fine

[14:29] {Threei} if not, sit and yawn

[14:29] {nemo} great...made me yawn

[14:30] {Threei} last week was tougher for me because period of morning activity was shorter

[14:30] {Threei} if day started with stop or two, it would take whole day to get out of it

[14:30] {Threei} this week so far at least, morning is a little longer

[14:31] {Threei} so there is more time to right things

[14:31] {Les} today was excellent for me

[14:31] {nemo} fcx 200 ma at .90

[14:31] {nemo} support at .95

[14:31] {Les} integrating dino's strategy

[14:31] {nemo} meatloaf?

[14:31] {Les} with your strategy

[14:31] {Threei} meatloaf with bacon then

[14:31] {Les} and doing it properly

[14:31] {nemo} vodka

[14:31] {Threei} sprinkle with carrot juice, and you are fine

[14:32] {nemo} homage to lari

[14:32] {Les} given which, I will quit while I am ahead and catch up on sleep. night all

[14:32] {Threei} take care les

[14:32] {nemo} wow...gift from God

[14:33] {Les} just this once

[14:33] {nemo} hehehehe

[14:33] {Threei} greast

[14:33] {Threei} Chile quake shook Earth of its axis

[14:33] {nemo} saw that

[14:33] {Threei} day shortened by 1.26 microsecond

[14:33] {Threei} :(

[14:33] {nemo} fcx bounced on 200

[14:34] {Threei} HIG broke strider

[14:34] {strider} yep. didn't take it.

[14:34] {Threei} ok... look at this SPY action

[14:35] {Threei} is it really something readable and enticing to oparticipate in?

[14:35] {nemo} those long tails...volatility

[14:44] {fernp} PAG breakdown, Vad?

[14:44] {nemo} takeover rumor on PCX

[14:44] {Threei} mah

[14:44] {fernp} ok

[14:44] {Threei} this is torture

[14:45] {Threei} fighting for 3 cents

[14:49] {dino} back in 15

[14:52] {Threei} PIP Ticking higher recently after reports from Twitter circulate about a suspicious letter and potential anthrax threat in DC (1.87, +0.09, 5.06%)

[14:53] {Threei} (US) Fed's Kocherlakota: Creation of a world currency has very low probability (related EUR/USD USD/JPY USD/CNY )

[14:53] {Threei} lol

[14:53] {Threei} low?

[14:53] {Threei} zilch is more like it

[14:56] {_jfjf64} rimm

[14:59] {_jfjf64} good night all

[14:59] {Threei} take care jf

[15:00] {fernp} bye jf

[15:00] {_jfjf64} + for day good day

[15:00] {magoo} i'm out of "trading" shape here

[15:00] {magoo} exhausted lol

[15:01] {Threei} lol

[15:01] {_jfjf64} mee too

[15:01] {nemo} ?

[15:01] {_jfjf64} tks time

[15:01] {nemo} what...finger blisters?

[15:01] {nemo} sore butt?

[15:01] {magoo} all of the above

[15:02] {nemo} psychological stress from my sense of humor?

[15:02] {_jfjf64} was any one speakin to nemo

[15:02] {nemo} or lack thereof

[15:02] {_jfjf64} lol

[15:02] {nemo} you want on the list jf?

[15:02] {_jfjf64} no list pls

[15:02] {Threei} uh oh

[15:02] {Threei} the list

[15:02] {nemo} some names in pen, some in pencil

[15:02] {Threei} infamous the list

[15:03] {Threei} you be caAREFUL JF

[15:03] {nemo} got the caboose before the engine there

[15:03] {_jfjf64} wher is les when i need em

[15:03] {nemo} he knows better

[15:04] {Threei} you need more les?

[15:04] {nemo} bah dum bump

[15:04] {_jfjf64} i need to go see ya

[15:04] {Threei} :)

[15:05] {_jfjf64} goodnight mr nemo

[15:06] {nemo} Mr.?

[15:06] {Threei} mrs?

[15:06] {nemo} never

[15:07] {nemo} reminds me of a story though

[15:07] {magoo} he's a she??

[15:07] {_jfjf64} yeah

[15:07] {nemo} you surfin' again magoo?

[15:07] {Threei} not when i saw him, but it's been a whole year

[15:07] {nemo} I'm saving up

[15:07] {magoo} ah vad, modern medicine lokl

[15:08] {Threei} yeah, who knows these days, lol

[15:09] {magoo} and sometimes even boyz are girls anyway, he coulda fooled you

[15:16] {dino} ,

[15:16] {nemo} .

[15:17] {Threei} PDLI Guides Q1 $.17 v $0.28e, R$62M v $70Me (6.96, -0.18, -2.52%)

[15:27] {magoo} oldie but a goodie

[15:27] {Threei} today is different

[15:27] {magoo} vad "are we in anything?"

[15:27] {Threei} hehe

[15:27] {nemo} OMFG

[15:27] {Threei} instead of finishing at the high, market went back down through the whole range

[15:27] {Threei} range is very narrow, but still

[15:29] {dino} yes 5 pts s/p

[15:35] {Threei} and jf is angry with me for not finding a play every 3rd second

[15:35] {Threei} find someone who calls as many as we did in 5 points range, lol

[15:35] {nemo} still got a half hour

06[15:35] * Threei slaps _jfjf64 around a bit with a large dose of reality

06[15:36] * nemo slaps _jfjf64 around a bit with a large DILLIGAF

[15:36] {Threei} it's slap jf hour

[15:36] {nemo} Well...gotta' go c u in the ESTAM

[15:36] {Threei} in the what?

[15:37] {nemo} Eastern Standard Time A. M. making allowances for Les, who will be drinking after lunch

[15:37] {Threei} lol

[15:37] {Threei} no interesting earnings today

[15:37] {Threei} unless VISN is of interest

[15:37] {Threei} and PAY

[15:38] {fernp} good evening everybody. see you all tomorrow

[15:39] {Threei} take care fern

[15:39] {Threei} Ron... for your first day, are we totally crazy or it's bearable?

[15:40] {RonS} Bearable...just watching to get the groove...

[15:41] {Threei} okay... 'cause to me it looks like total asylum

[15:41] {RonS} ...been with crazier...

[15:41] {Threei} the we still have room {G}

[15:41] {Threei} then

[15:42] {dino} cya fern

[15:42] {dino} welcome to our jungle ron

[15:42] {billyc} hey ron

[15:43] {RonS} hey everyone...

[15:44] {billyc} dino where do you live

[15:44] {dino} pennsylvania

[15:44] {billyc} i grew up in dc l live in s fla

[15:45] {Threei} Siberia, judging by this winter

[15:45] {dino} yeah, 3' last week and today it's 50

[15:45] {strider} dino lives in an old castle, and sleeps in a casket.

[15:45] {dino} east coaster billy

[15:45] {dino} lol

[15:45] {billyc} yup about 15 minutes north of ft lauderdale

[15:46] {dino} well, my office is about 150 years old

[15:46] {RonS} Been tough in CO too...

[15:46] {RonS} Where is that global warming?

[15:46] {dino} it isn't

[15:47] {RonS} Dang, and I love cowtowing to that effete Algore...

[15:47] {dino} lol

[15:47] {strider} Towing a cow is rude.

[15:47] {RonS} LOL

[15:48] {Threei} wait... you mean earth iks not warming up?

[15:50] {lasertrev} come on vad, u know the gov. controls the weather.

[15:50] {lasertrev} lol

[15:50] {Threei} it does?

[15:51] {Threei} great, I';ll send them bill for washing my car - what the hell was this rain about

[15:51] {dino} sgms

[15:51] {strider} Welll if they do, why don't they do something about it?

[15:51] {RonS} "Everyone complains about the weather, but nobody does anything about it"

[15:51] {RonS} Mark Twain

[15:52] {Threei} "Everyone compains about their memory, not about intelligence"

[15:52] {strider} Because you lose your memory, but not (usually) your intelligence.

[15:52] {Threei} (CA) Canada Official: Govt to establish plan to reach budget balance; will signal a stimulus end by March 2011

[15:52] {Threei} - Govt will avoid tax increases and will not trim transfers

[15:52] {Threei} (related USD/CAD EWC )

[15:54] {RonS} Every state in the Union has increased taxes...and the Feds with CSIP

[15:55] {Threei} and this is only beginning

[15:55] {Threei} okay guys, thank you all

[15:55] {Threei} have a great evening, see you tomorrow

[15:56] {dino} u2 vad