Mar 25 2010

Nice strong day with no stops. ITMN 40 cents win, UAUA, AIG, etc worked for scalps and bigger moves. Bulls really blinked in the afternoon - first time in a good while.

Session Time: Thu Mar 25 00:00:00 2010

[08:15] {magoo} jrasrasflrasfkljhrfL

[08:23] {Threei} (GR) Spanish PM: The point of contention now is lending money to Greece opposed to providing grants; Spain will pay on basis of GDP

[08:23] {Threei} - Euro Zone has a responsibility to find a solution to the Greece problem

[08:23] {Threei} US) Preview: Initial Jobless Claims due at 08:30ET

[08:23] {Threei} - Expectations for initial claims are 450Ke v prior week at 457K

[08:23] {Threei} EU) Spain's PM Zapatero and EU's Barroso: Reiterate the importance of euro stability and strength

[08:26] {KSystems} Good morning

[08:28] {Threei} KS :)

[08:28] {magoo} K:)

[08:29] {Threei} mags :)

[08:29] {magoo} boss:)

[08:30] {magoo} at top of cramers real money page "37 year old wiz kid makes $87 million trading options" SIGH

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 442K V 450KE; CONTINUING CLAIMS: 4.65M V 4.562ME

[08:30] {Threei} lol

[08:33] {magoo} vad, how come we arent trading options and making millions??

[08:34] {KSystems} when vad was young and learning, there probably were no such things :-P

[08:34] {Threei} it's easy mags

[08:35] {magoo} i believe there was options before the mkt crash in the 1920's lol

[08:35] {KSystems} right, magoo....unbelievable how far we have to go back, eh?

[08:35] {Threei} find any of many all or nothing opportnities floating around and go for it

[08:35] {Threei} one thing they don't advertise though:

[08:36] {Threei} for each lotery winner here are millions who lose

[08:37] {Threei} what happened overnight?

[08:37] {Threei} yesterday they couldn't dump fast enough

[08:38] {Threei} today we are gapping over yesterday's high

[08:41] {Threei} lol

[08:41] {Threei} GR) EU's Juncker: There will be no meeting on Greece ahead of official EU summit

[08:41] {Threei} and

[08:41] {Threei} GR) Dutch PM: There are many informal discussions taking part concerning Greece's situation

[08:43] {magoo} can u believe BIDU 611 GOOG 589...? the flee walking the dog

[08:43] {Threei} well, BIDU market cap is a fraction of GOOG's

[08:57] {ese} morning

[08:58] {Threei} ese :)

[09:01] {Threei} QCOM *RAISES Q2 GUIDANCE (40.19, 0.00, 0.00%)

[09:01] {Threei} look at it go

[09:02] {Threei} scalped 41.82 - 42.30

[09:03] {Threei} QCOM *RAISES Q2 GUIDANCE $0.56-0.58 v $0.53e, R$2.55-2.65B v $2.57Be ($0.49-0.53, R$2.4-2.6B prior)

[09:05] {Threei} too bad only 300 shares were available... or my day could have been over before it even started

[09:06] {_shorty} Good morning

[09:06] {Threei} shorty :)

[09:08] {Threei} QCOM has a gap to fill, 46 with change

[09:17] {magoo} vad, inform shorty of yesterday

[09:17] {Threei} hmmm

[09:17] {Threei} ok

[09:17] {Threei} shorty, there was yesterday

[09:18] {_shorty} OK

[09:18] {Threei} he took news well, mags

[09:19] {Threei} USD/CNY (CH) SocGen Analyst: Trade deficit out of China could spur a CNY devaluation

[09:19] {Threei} HUH?

[09:19] {Threei} unless it's totally taken out of cotext, I'd say someone's drinking heavily over there

[09:20] {nemo} I see the correction is over

[09:20] {Threei} nemo :)

[09:20] {nemo} :)

[09:21] {ese} dude!!!!!!!!

[09:21] {nemo} dude

[09:23] {ese} vad do you think qcom has a good chance to fill that gap today

[09:23] {lasertrev} morning

[09:23] {Threei} QCOM is obvious focus of the market so far

[09:23] {Threei} trev :)

[09:24] {ese} LT

[09:24] {RonS} dudes & dudettes...slxp?

[09:24] {Threei} ese - IF we get one of those relentless up and up days, it does

[09:24] {Threei} but that's a big IF

[09:24] {Threei} let's wait out morning volatility

[09:24] {Threei} then see if we get a good setup on it

[09:25] {Threei} Ron :)

[09:25] {RonS} 3

[09:25] {Threei} Yesterday 17:39 SLXP FDA approves XIFAXAN 550 MG tablets for reduction in risk of overt Hepatic Encephalopathy Recurrence

[09:25] {Threei}

[09:26] {RonS} ...end stage liver cancer drug...growing market i suppose

[09:27] {Threei} larisa :)

[09:27] {larisa} gm

[09:28] {RonS} ...kind of shocked to read liver cancer is the 3rd highest cause of US death

[09:28] {jfjf64} mornin

[09:28] {fernp} Good morning everybody

[09:28] {Threei} jf :)

[09:28] {Threei} fern :)

[09:28] {Threei} LVS is almost back to high

[09:29] {Threei} .39 yesterday

[09:29] {Threei} some tight consolidation making .40 long trigger would be nice

[09:29] {RonS} .tnx run extension good or bad today?

[09:30] {Threei} LVS spike right into .40 and pullback

[09:30] {magoo} qcom xplode

[09:31] {magoo} can get 44 today

[09:31] {Threei} aggressive,

[09:31] {Threei} Long Setup: LVS .30 break

[09:32] {Threei} stop under .25 for extreme scalpers

[09:32] {Threei} .20 for day traders

[09:32] {Threei} half out here

[09:32] {Threei} scalpers be happy

[09:33] {Threei} offer 1/4 more at .55 - .58

[09:33] {magoo} out qcom .49

[09:33] {magoo} + .49

[09:33] {magoo} ty vad

[09:33] {magoo} in lvs too

[09:33] {Threei} aren't you omnivorous one

[09:33] {Threei} QCOM ignores market

[09:34] {Les} looks like I'm late to a party

[09:34] {ese} qcom is a wow

[09:34] {Threei} just two trades late les

[09:34] {Threei} but LVS may give second chance

[09:35] {Threei} here it is

[09:35] {Les} qcom looks like it wants to pullback

[09:35] {Threei} stop is under .25 for all now

[09:36] {Threei} ok, second half is off

[09:36] {Threei} need deeper pullback for re-entry

[09:36] {Les} missed PMI yesterday

[09:37] {Threei} Long Setup: BRCM .05 break

[09:38] {Threei} if stays above 34

[09:38] {Threei} if loses it, let's try for recross, depending on how deep pullback is

[09:38] {Threei} and with market help of course

[09:39] {Threei} SEED spike

[09:41] {Threei} no clean setup BRCM

[09:41] {Threei} SOMX, yesterday's high .65

[09:42] {Threei} US) Reminder: Fed Chairman Bernanke to testify before House Financial Services Committee regarding Fed exit strategy at 10:00ET

[09:42] {Threei} **Bernanke's prepared testimony was released on the originally scheduled date of Feb 10, but the meeting was postponed due to a severe snowstorm. Its not clear if there will be any revision to the prepared testimony today.

[09:42] {Threei} non event, unless he says somehing drastically different

[09:43] {jfjf64} wfc

[09:43] {Les} wow. just bought 5k PMI for +.03. now I see how ese does it

[09:43] {Les} and on a pullback

06[09:44] * Threei slaps Les around a bit with a large scalping course

[09:44] {Les} a refresher read wouldn't hurt

[09:44] {Threei} Natural Gas prices move below $4 for first time in nearly 6 months

[09:45] {magoo} WFC BAC vad

[09:45] {Threei} this jump out of the gate leaves me with no setups unless they pull back mags...

[09:46] {Threei} I want WFC somewhere around 31.20 to get interested

[09:46] {magoo} BAC should attempt a break out imo

[09:46] {Les} agreed

[09:47] {magoo} over 18

[09:47] {magoo} scalper

[09:47] {Les} vad anything special on your list today?

[09:48] {Les} BBY pumping

[09:48] {Threei} QCOM, LVS, SQNM, SOMX, SEED

[09:48] {Les} ty

[09:49] {Threei} US) Commercial Paper outstanding w/e Mar 24th: -$7.9B v -$22.4B prior

[09:50] {ese} pmi

[09:50] {_shorty} ZIOn, thoughts

[09:50] {ese} nice one les

[09:50] {Les} when I grow up I wanna be just like you

[09:51] {ese} naaaaaaahhhhhhh we just wanna be like vad

[09:51] {_shorty} Me too

[09:51] {Les} hmmm nemo is quiet

[09:51] {Threei} by daily, ZION is long candidate

[09:51] {Threei} on intraday, no setup yet

[09:51] {_shorty} Thnaks

[09:52] {Threei} and it's highly market dependent by definition... regional bank

[09:52] {nemo} late to the party...had a very busy morning snafu'd my morning prep

[09:53] {ese} ya noticed that too.......no comment from nemo.....someone get the doctor over to his house right away

[09:53] {Threei} getting her out the door this early is usually tough

[09:53] {nemo} ha ha

[09:53] {nemo} Oh, how I wish that were the issue

[09:54] {Threei} watching LVS here

[09:54] {Threei} not sure for what yet

[09:54] {Threei} but something is shaping up

[09:55] {magoo} BBY

[09:55] {magoo} QCOM

[09:55] {magoo} looking good to goo

[09:55] {Threei} WFC mags, ready to dive to .20 I think

[09:55] {magoo} make the call

[09:56] {magoo} in bby .65

[09:56] {ese} i'm onto BBY also mags

[09:56] {magoo} BAC doing it

[09:57] {magoo} looking .90 area

[09:57] {magoo} bby

[09:57] {ese} missed it.....nice one

[09:57] {magoo} 18.04 target bac

[09:58] {Threei} (US) Senate sets time for healthcare amendments vote at 2pmET (related IYH )

[09:59] {magoo} in qcom .50

[09:59] {Threei} GR) Reportedly France and Germany will hold bilateral discussion at the EU summit - German Gov't spokesperson

[10:00] {Threei} OK... market says UP, imo

[10:00] {nemo} fas should break 100 today

[10:01] {Threei} Long Setup: WFC .40 break if stays above .30

[10:01] {magoo} .15 cent stops on everything ok

[10:01] {nemo} whoa rimm

[10:02] {ese} L brcm .17

[10:03] {magoo} lrimm 74 break

[10:03] {magoo} nice spot

[10:05] {magoo} not in it..didnt go

[10:05] {magoo} like less here

[10:05] {ese} brcm stopped .o6 -.11

[10:05] {Threei} WFC invalidated

[10:06] {ese} my stupid fault too.....lower high in the qqqq's....dumb da dumb dumb

[10:07] {Threei} something in Ben's testimony or what

[10:07] {nemo} both qs and spys at 200 ma, no bounce here coul close gap

[10:08] {ese} agreed......not sure what the H i was lookin at

[10:08] {magoo} looky genz vad, just follow it

[10:09] {magoo} l 52

[10:09] {magoo} .40 area

[10:10] {magoo} .84 stop

[10:14] {fernp} .

[10:14] {Threei} CHINA

[10:15] {Threei} C&H on daily

[10:17] {Threei} Long Setup: ITMN .70 break half lot

[10:17] {Threei} AIG

[10:18] {Threei} starts one of it infamous spikes

[10:18] {Threei} highly discretionary and very risky

[10:18] {Threei} but when you get it early, good chance for sizeable move

[10:18] {Threei} 25 cents from the moment I mentioned it already, lol

[10:19] {Les} thanks got it for +.15

[10:19] {Threei} wtg

[10:19] {fernp} .60 is the stop for ITMN , Vad?

[10:19] {Threei} magoo? jf?

[10:19] {Les} 100 shares still in

[10:19] {Threei} if sets up from here, yes gfern

[10:19] {magoo} yep

[10:19] {jfjf64} missed

[10:19] {magoo} in .30

[10:20] {magoo} go

[10:20] {magoo} goooooo

[10:20] {jfjf64} brk

[10:20] {Threei} here cmes the bri... AIG

[10:20] {magoo} want .79

[10:21] {Threei} be reasonable mags, partial

[10:21] {Threei} volatility is horrific on it

[10:21] {Threei} have healthy respect

[10:21] {nemo} you're talking to Mags

[10:21] {Threei} ITMN over 1:1

[10:21] {Threei} 1:2

[10:21] {Threei} almost

[10:22] {Les} out last 100 flat

[10:22] {Threei} 1:2 without almost

[10:22] {Threei} 1:3

[10:22] {Threei} 1:4

[10:22] {jfjf64} brk/b 82

06[10:23] * Threei takes a bow and goes back to sleep

[10:23] {magoo} out .11 ITMN ty boss

[10:23] {Threei} welcome sir

[10:23] {Threei} 40 cents out of nowhere

[10:23] {Threei} in 3 min

[10:24] {Threei} mags, this your second chance on AIG

[10:24] {nemo} so 11k today or tomorrow?

[10:24] {Threei} let me reiterate the call for healthy respect

[10:25] {Threei} crap... polite call is not working

[10:25] {nemo} regarding aig?

[10:25] {Threei} MAGOO, SELL THE #$)(^ PART OF YOUR AIG!!

[10:26] {Threei} let's see if this works

[10:26] {nemo} yeah higher high on lower volume...oy

[10:27] {Threei} 11K... I'd say 55% for today, 45 for tomorrow

[10:27] {magoo} sometimes u gotta let a winner win

[10:28] {Threei} I give up... he is hopeless

[10:28] {magoo} OUT .83 TY

[10:28] {Threei} lol... yw

[10:30] {Threei} *EIA NATURAL GAS INVENTORIES: +11 BCF VS. +5 TO +10 BCF ESTIMATE RANGE (related UNG )

[10:30] {nemo} oil up today...of course

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

[10:31] {Threei} - NYSE volume 235M shares, about 3% below its three-month average; advancers lead decliners by 2.2:1.

[10:31] {Threei} - NASDAQ volume 545M shares, about 7% above its three-month average; advancers lead decliners by 1.9:1.

[10:31] {Threei} - VIX index -3% at just over 17.00

[10:31] {Threei} 55% Favor Repeal of Health Care Bill

[10:33] {Threei} Fed's Bernanke: intend to achieve dual mandate of stable infaltion and maximum employment - Q&A

[10:33] {Threei} uh oh

[10:33] {Threei} if he acieves dual mandate as effectively as he was achieving single one before... we are doomed

[10:36] {jfjf64} http://www.stocktwits.tv/stocktwits-with-john-lee-032310/

[10:37] {jfjf64} Vad they talk about your book at the 7 minute and 50 second mark.

[10:37] {Threei} swearing?

[10:37] {jfjf64} little shout out

[10:38] {Threei} cursing the moment they ever opened it?

[10:38] {jfjf64} nothin but good things

[10:38] {Threei} OK, let me listen then {G}

[10:40] {Les} crap, we about to get company are we? More Nemos, more Striders?

[10:40] {Threei} no way

[10:40] {Threei} there are more nemo and striders

[10:41] {Threei} they just don't make them anymore

[10:41] {nemo} ahhhh....

[10:41] {nemo} I haven't bred

[10:41] {strider} thank god for small favors.

[10:41] {Les} yeh I'm just a second rate nobody by comparison...

[10:42] {strider} Les, you can't say nobody likes you. Everybody hasn't met you yet.

[10:42] {Threei} GR) Euro Groups Junker: Increasingly confident that deal on Greece will be reached tonight

[10:42] {Les} hmmm

[10:42] {nemo} then nobody will like you

[10:43] {Les} ok. I get it

[10:43] {Threei} wow... ITMN was not done

[10:44] {nemo} wow, fas blowing through 100

[10:45] {Threei} he did a profile on me a hwile ago, jf

[10:46] {Threei} http://ibankcoin.com/chart_addict/2010/02/11/trader-profile-vadym-graifer-trader-author-teacher/

[10:46] {magoo} finally BAC

[10:46] {magoo} AIG

[10:48] {Threei} CHINA, I am crying

[10:48] {Threei} took it for scalp type I but sold waaaay too soon

[10:48] {Threei} ese, you see it?

[10:49] {Threei} it's your type

[10:50] {jfjf64} was he ever in room john lee

[10:51] {Les} s caas .20

[10:51] {Threei} not that I know

[10:52] {jfjf64} seems lk little genious try to listen to him

[10:53] {ese} hey vad....took one of the kids to school...missed it

[10:53] {ese} L Zion .57

[10:53] {nemo} bby kissing its 200ma, might be ready for a turn

[10:54] {magoo} bacon 18

[10:55] {nemo} spy and Qs within few cents of 200 ma's also, bounced there last time

[10:57] {Les} out caas +.14

[10:57] {Threei} wtf

[10:57] {Threei} umm

[10:57] {Threei} wtg

[10:57] {Threei} lol

[10:58] {Les} oh you were speaking to me!

[10:58] {Les} now I've been insulted by Vad as well....

[10:58] {Threei} {--- goes back in cave to work on his abbreviations

[10:58] {Les} CHINA

[10:59] {Threei} that's actually an honor Les... I don't insult people I don't care about, I ignore them

[10:59] {ese} out zion .66 +.09

[10:59] {magoo} awwwwww...u really do like magoo

[10:59] {Threei} I so do

[10:59] {Threei} lol

[10:59] {jfjf64} uaua

[11:00] {jfjf64} lk .20 break

[11:00] {jfjf64} 5 min nice trend line

[11:01] {Threei} chart's a beauty jf

[11:01] {Threei} ascending triangle

[11:01] {Les} yeh i'll follow u on that one

[11:03] {Threei} US Fed's Bernanke: There are no plans to monetize the debt

[11:03] {nemo} why would they have to have plans, they've already done it

[11:03] {Threei} have not been doing so

[11:06] {magoo} OUT BAC .04, forgot it lol

[11:07] {Threei} UAUA's working

[11:07] {jfjf64} half out

[11:10] {jfjf64} here we go

[11:11] {Threei} drive toward 11K starts

[11:11] {Threei} larisa... any bets?

[11:11] {larisa} bet with magoo

[11:12] {Threei} why?

[11:12] {Threei} he is permabull

[11:12] {Threei} I'll say 12K, he will ask why not 13

[11:13] {Threei} and he doesn't drink no carrot juice

[11:13] {larisa} and i am tired of saying I am not betting :) you are just like Les, not listening

[11:13] {Les} ouch

[11:13] {larisa} lol

[11:13] {Threei} lol... that's a drive-by shot

[11:14] {Threei} she aimed at me Les, you are collateral damage

[11:14] {Threei} I am listening larisa, I am simly not accepting... :)

[11:14] {Threei} UAUA, 1/4 more out

[11:15] {jfjf64} yeah ha

[11:15] {magoo} not much a stretch to hit 11k imo

[11:15] {Threei} no

[11:15] {Threei} within easy reach

[11:15] {Threei} 70 points is nothing

[11:15] {jfjf64} 5k shares 5 cent stop

[11:16] {ese} L len .40

[11:16] {jfjf64} out

[11:18] {Threei} wtg

[11:19] {larisa} AMZN up so much on no news?

[11:19] {Threei} pretty much

[11:19] {Threei} the only thing yesterday in the evening is not really positive

[11:20] {Threei} 8:35:34 PM

[11:20] {Threei} Apple Inc Some advertisers have shown interest in the iPad - NYT

[11:20] {Threei} - FedEx has bought advertising space on some iPad applications.

[11:20] {Threei} - FedEx plans to run ads on publisher applications for 90 days after the introduction.

[11:20] {Threei} - Chase Sapphire has bought out the New York Times iPad advertising units for 60 days after the introduction.

[11:20] {Threei} - Also, Unilever, Toyota, Korean Air and Fidelity have booked space on Time's iPad application.

[11:20] {Threei} - In terms of pricing, iPad advertisements on print publishers applications cost in the range of $75-300K for a few months exclusivity.

[11:20] {Threei} - Publications such as People and Time are charging flat fees as opposed to pricing based on how many times an ad is shown.

[11:20] {Threei} since iPad is considered potential Kindle killer, it's kind of "bad news" for AMZN

[11:21] {Threei} but Kindle is not that big part of its earnings

[11:21] {nemo} depends...

[11:21] {nemo} ipad sounds like it'll become mobile tv

[11:21] {nemo} kindle...you can be left alone and read a book

[11:22] {nemo} kindle might do o.k.

[11:23] {nemo} QCOM might have forme a bottom here

[11:24] {nemo} maybe the ol' inverse H&S

[11:29] {magoo} dammit, missed my RIMM recross 74, what a trade it coulda shoulda...

[11:30] {Threei} wow

[11:30] {Threei} no kidding

[11:30] {Les} hell yeh

[11:30] {Threei} I fiorgot all about it too

[11:30] {Threei} to be fair, it broke 74 on a long green bar

[11:30] {magoo} and i pay u to remind me lol

[11:31] {Threei} most likelty I'd skip it anyway

[11:31] {nemo} I was looking at it when it recrossed 73.80 oy vay

[11:31] {Les} lvs. you see anything here vad?

[11:31] {Threei} 22 break...

[11:31] {Threei} not entirely confident about it

[11:32] {nemo} offer .97

[11:32] {Les} 200ma is resistance here

[11:32] {Threei} 60 points left

[11:33] {Threei} Toyota Motor Corp Production capacity may be trimmed by 120K units from the current 290K through UK plant downsizing - Nikkei news

[11:33] {Threei} - Mgmt expected to offer 20% of the workforce in the UK an early retirement package

[11:34] {fernp} VXX double bottom, Vad?

[11:34] {Threei} I'd rather bet on breakdown...

[11:34] {fernp} yes, true

[11:34] {Threei} market starts feeling magnetism of 11K

[11:34] {fernp} ty

[11:35] {Threei} VXX makes new 52 week (and all time) lows

[11:35] {Les} is it something they'd reverse split eventually?

[11:35] {Threei} (GR) Greece PM Papandreou: Economy will be prosperous and viable; will place 'house in order'; Euro must be stabilized - comments to reporters

[11:36] {Threei} who knows Les

[11:36] {Threei} look at SRS

[11:37] {Threei} why didn't they still

[11:37] {Threei} they split FAZ/FAS

[11:37] {nemo} 1:10 reverse

[11:37] {Les} does vxx have decay factor like the ultras?

[11:37] {nemo} they should probably split fas and reverse faz again

[11:37] {Threei} no idea

[11:41] {_shorty} Threei, how many trades do you do in a typical day?

[11:42] {Les} aig approaching previous high. might be db

[11:42] {Threei} depending on markert activity

[11:42] {Threei} anywhere from 5 to 30

[11:42] {Les} I think you did 1 once

[11:42] {Les} 1 single setup

[11:43] {Les} that was a boring day

[11:43] {Threei} I guess that was Sunday

[11:45] {_shorty} I read your Trading Psychology, I am in stage 2 right now. That was a really good article Threei.

[11:45] {nemo} looks like next run setting up

[11:45] {magoo} dammit BAC

[11:46] {Threei} ty

[11:46] {nemo} fas up almost 7 bucks

[11:46] {_shorty} Do you see a set up for QCOM?

[11:46] {Threei} not really

[11:46] {Threei} flatlined

[11:46] {Threei} and feels short more than long

[11:46] {_shorty} Taking profits.

[11:47] {Threei} BSX FDA will not accellerate review of manufacturing changes - WSJ (7.00, -0.04, -0.57%)

[11:48] {ese} hmmmmm I need len to make a move this time or i'll be out.....thought it would go with the market on that last run

[11:48] {nemo} qcom third test of this level

[11:49] {Threei} (EU) EU commission reaches prelim deal wit US to on liberalizing trans atlantic flights, "Open Skies"; still requires Congressional approval

[11:49] {Threei} - deal allows for majority ownership in any of the airlines by either EU or US companies

[11:49] {Threei} - Note: the US and Japan finalized an "Open Skies" agreement in December

[11:49] {Threei} don't know how this could impact UAUA

[11:49] {ese} brings to mind a thought ..."everyone knows what thought did" "stuck his head in a hole and thought it woud grow"

[11:52] {Les} somx looking to challenge 10 again

[11:54] {Threei} (GR) Austria Official: No detailed decision expected on deal for Greece today

[11:54] {Threei} - Note: Earlier EU's Juncker noted increasing confidence that a deal on Greece would be reached later today

[11:57] {Les} qcom

[11:57] {RonS} TIE trading heavy

[11:57] {_shorty} Short QCOM 42.85, cover 42.73

[11:57] {nemo} qcom 200 around 42.60

[11:58] {nemo} interesting though les...bottomed 3 times at .75 then momentarily spiked through on high volume, regainint .75

[12:00] {Les} yeh which makes it a 50/50, using Vad's parlance. another gentle drop required for setup

[12:01] {magoo} magoo looks up the word parlance in his pictionary

[12:01] {_shorty} lol

[12:01] {fernp} .70 break FAZ, Vad?

[12:01] {nemo} yeah...Jack Parlance

[12:02] {Les} don't mind me

[12:02] {_shorty} To speak, french for parler.

[12:03] {nemo} or russian

[12:03] {Les} parlance probably derived from french parlance

[12:03] {Les} parler

[12:03] {ese} out LEN .48 +.08 with 16k of the little bugars

[12:03] {magoo} still cant find it...whats it look like?

[12:03] {Les} sweet

[12:03] {RonS} per les

[12:03] {Les} http://www.thefreedictionary.com/parlance

[12:04] {nemo} http://www.etymonline.com/index.php?search=parlance&searchmode=none

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

[12:04] {magoo} his pictionary

[12:04] {nemo} fern

[12:04] {magoo} pic

[12:04] {Les} interesting nemo, I'll bookmark that site ty

[12:05] {fernp} tell me nemo

[12:05] {Les} PMI at yesterday's close

[12:05] {nemo} fern fas about to make contact with the 50 ma. See how that reacts before going to faz, we're also coming into lunch

[12:05] {_shorty} QCOM support again

[12:06] {fernp} thank you nemo :-)

[12:06] {nemo} imo...fas has been so strong and it's lunchtime

[12:08] {nemo} fas held that high volume support from the 11:23 area, see

[12:08] {fernp} yes

[12:08] {fernp} FAS is strong

[12:09] {nemo} yeh, maybe shorting faz would be better today

[12:09] {fernp} shoted that 13 break

[12:09] {fernp} was nice

[12:10] {_shorty} Think there is a set up for ZION at 23.65?

[12:13] {Threei} I would avoid standard setups at this time

[12:15] {_shorty} Thanks.

[12:16] {Les} qcom coming down

[12:20] {Threei} UAUA cares not

[12:20] {Threei} just chugging along

[12:22] {fernp} DIS is also strong today

[12:23] {magoo} ALERT..history channel vad the impailer

[12:25] {RonS} impailer sounds like a milk farmer

[12:25] {magoo} dont look ITMN vad

[12:25] {Threei} never

[12:25] {Les} http://uploads.mibbit.com/N3xxCK.jpg

[12:25] {Les} sorry vad, just looking at article on russian incursion into uk airspace

[12:26] {Les} what's written please?

[12:26] {Threei} a name

[12:26] {Threei} first and last

[12:26] {nemo} "Les is a ...."

[12:26] {Les} person?

[12:26] {Threei} vasily Reshetnikoff

[12:27] {Les} ok thanks

[12:27] {RonS} namesake of vaseline?

[12:27] {Threei} not really

06[12:27] * nemo slaps RonS around a bit with a large trout

[12:27] {RonS} :)

[12:28] {Threei} but I see how the image could take you there

[12:28] {nemo} oh....that's bad

[12:28] {nemo} vad

[12:28] {Threei} will hace to edit the log?

[12:29] {nemo} nah....it wasn't literal, just between the lines

[12:29] {Threei} or can just say it's Ron's fault?

[12:29] {Threei} and les's

[12:29] {Threei} and yours

[12:29] {nemo} yeah, if it weren't for his provocative comment

[12:29] {nemo} I had nothing to do with it, other than if you thought, "Oh, NEMO will get a kick out of this."

[12:29] {_shorty} This chat room is fun, I guess I will sign up for another free week next week Threei!

[12:30] {Threei} lol

[12:30] {Threei} well nemo, you can't blame me for adding you to a bunch every time something untoward happens

[12:30] {nemo} yeah, guilt by association...understood

[12:30] {Les} nothing less than what he deserves

[12:31] {larisa} got 1+ on AMZN short , do not try this at home :)

[12:31] {Threei} wtg larisa

[12:31] {Threei} that's really gutsy

[12:31] {RonS} that has been the toughest short...wtg

[12:31] {larisa} had to use both accounts, not enough money in 1 :)

[12:31] {nemo} where'd you enter larisa

[12:32] {larisa} scaling in small nemo

[12:32] {larisa} 136.54 136.85

[12:33] {larisa} did not wait for confirmation.. 12:08 would be perfect entry. was tooo early

[12:33] {strider} good goin', larisa.

[12:34] {nemo} Nice, pretty, brains...oy vay

[12:34] {larisa} shaking here a bit :) reaction :)

[12:34] {Les} thrill of the hunt

[12:34] {nemo} No it's me...I do that to women

[12:35] {strider} Right before they take out the restraining order.

[12:35] {Les} blaagh

[12:35] {larisa} AMZN hates to reverce, very stubborn stock

[12:35] {Threei} SIRI Hearing Lazard making positive comments (timing uncertain) (0.90, +0.01, 1.67%)

[12:35] {nemo} strider...ordinarily, that would merit an "attaboy"

[12:36] {nemo} but you see dear boy, that was much too easy

[12:36] {strider} Flattery will get you nowhere.

[12:36] {strider} SIRI.......two cent range.

[12:36] {nemo} It wasn't flattery...I laid it out there on a frickin silver platter for ya'

[12:37] {Les} c'mon nemo, that wasn't bad

[12:37] {strider} Why does SIRI trade that way?

[12:38] {Les} qcom might have a .50 b/d coming

[12:38] {Threei} enormous float

[12:38] {Threei} typical scalp type I stock

[12:38] {Threei} for ese

[12:38] {nemo} No, it was o.k., but I expect more out of strider

[12:38] {Les} really, when you belittle him as nothing more than a country hick?

[12:39] {_shorty} So ese style is to scalp 5 cents on huge amount of shares?

[12:39] {_shorty} give or take a penny

[12:39] {nemo} I never said he was a country hick?

[12:39] {Threei} well, he will take more than 5 if he can

[12:39] {Les} qcom .50 b/d?

[12:39] {Threei} but that's the gist of type I

[12:39] {strider} I am an Appalachian-American.

[12:39] {nemo} he he he

[12:40] {nemo} never hear that one before

[12:40] {_shorty} That is something I have been doing for about 1 month, but I don't have the capital yet to trade a big amount of shares.

[12:40] {strider} Of course not. You're in Boston.

[12:40] {nemo} that hurt

[12:40] {strider} We don't come up there unless we're invading.

[12:40] {Threei} not sure Les... chart's right...

[12:41] {Les} low vol. bounce. will wait and see

[12:44] {strider} Gotta go make some guaranteed income.

[12:44] {strider} Back in awhile.

[12:44] {Threei} did SIRI .896 - .91

[12:44] {Threei} got out at the offer, so liquidity rebate really helped

[12:44] {fernp} DIS 1:1

[12:46] {nemo} solid volume day so far

[12:47] {nemo} here we go

[12:48] {Les} cat .40 break?

[12:49] {larisa} want to note, when you do side by side trades on MBT and Laser, like i do, you can see how much faster laser fills are. Even MBT pending orders fade away too slow after completion :)

[12:52] {Les} starting to warm to laser

[12:52] {Threei} you've been cold to it not even trying it?

[12:52] {larisa} lol

[12:53] {larisa} when you get used to something, hard to let go :)

[12:53] {Les} nyah nyah nyah

[12:53] {Les} yes, but noticing delays in order receipt with IB. starting to irritate

[12:53] {Les} especially around opening

[12:54] {larisa} never tried IB

[12:56] {magoo} freakin bacon

[12:57] {ese} take care all....cya tomorow

[12:57] {Les} ciao ese

[12:57] {_shorty} Bye

[12:57] {ese} ciao

[12:58] {ese} shorty

[12:58] {larisa} wow, 50 points til 11K ? just noticed

[12:58] {larisa} bye ese :)

[12:58] {Threei} take care ese

[12:58] {Threei} 55

[12:58] {fernp} bye ese

[12:59] {Threei} come on larisa... not much time left to make that lucrative bet

[13:00] {larisa} I am capricorn, way more stubborn than you are :)

[13:00] {Threei} now, that is very hard to believe

[13:03] {fernp} X .10 breakdown w stop above .20, Vad?

[13:04] {Threei} nah

[13:04] {Threei} better try aggresive entry

[13:04] {Threei} near .20

[13:05] {fernp} ty

[13:05] {Threei} breakdowns take it 2-3 cents lower, then it bounces to the resistance

[13:07] {Les} seed vad

[13:07] {Les} .12 b/d?

[13:07] {Les} half shares

[13:08] {Threei} there is just not enough ectivity there for me to get any kind of read

[13:08] {Les} ok

[13:09] {Threei} big bid at .13 is the only helpful thing

[13:09] {Threei} maybe if it gets broken...

[13:09] {Threei} but look at T&S

[13:09] {Threei} trades by appointment

[13:12] {Threei} 7261.JP Toyota to help Mazda launch hybrid by supplying key parts

[13:12] {Threei} lol... Toyota supplies gas pedal?

06[13:12] * larisa slaps Threei around a bit with a large trout

[13:13] {Threei} am I the only one who finds it funny?

[13:14] {Threei} NSANY Nissan, Daimler In Talks For Mutual Stakes

[13:14] {_shorty} I just read that Threei.LOL

[13:15] {Threei} whew... thank you

[13:15] {Threei} I was about to sell my sense of humor to a thrift store

[13:15] {_shorty} I am a stay at home dad, so sometimes I am away drinking, I mean taking care of my kids.

[13:16] {Threei} right

[13:16] {larisa} healthcare reform activist it off the fingertip of of a counter-demonstrator. now this is funny :)

[13:16] {larisa} bit off :)

[13:17] {Les} lol no that was funny

[13:17] {Threei} that's old one larisa

[13:17] {Threei} and jeez, aren't you a blood-thirsty one

[13:17] {larisa} I know, from 2009.. today they just give each other black eyes :)

[13:17] {Threei} I thought carrot juice drinkers were very peaceful

[13:18] {larisa} no, hormones in meat keep you peaceful.. vegetable eaters are wild :)

[13:19] {Threei} wow

[13:19] {Threei} that kind of changes my outlook on the world

[13:21] {Les} be wary of those bunny rabbits

[13:22] {Threei} I met a guy with broccoli in his hand the other day

[13:23] {Threei} had no idea what danger I was in

[13:23] {Les} wow seed decided up

[13:24] {Threei} all the while I was absolutel;y harmless and even defenseless with all the bacon in my bloodstream

[13:24] {_shorty} lol

[13:24] {Threei} UAUA decent drop

[13:25] {_shorty} Think cresto Threei, eat all the bacon you want!

[13:25] {_shorty} crestor

[13:25] {Threei} I don't believe in cholesterol

[13:25] {Threei} it's a propaganada by drugmakers

[13:25] {_shorty} I knew it! We need to talk Threei.

[13:26] {Threei} met anyone after 45 with no elevated cholesterol?

[13:26] {_shorty} My dad.

[13:26] {Threei} frikin 41% of population of Canada has it

[13:26] {Threei} what dos it tell you?

[13:26] {Threei} I mean dost

[13:26] {_shorty} We like bacon?

[13:27] {Threei} that too

[13:27] {Threei} but mainly, it's normal state for human being

[13:27] {_shorty} I live in Alberta, it's a prerequisite to live here.

[13:28] {Threei} there is a good reason for those multiple studies that show no connection between taking antistatins and diminishing of heart attacks

[13:28] {larisa} shorty, threei does not believe smoking is bad for you also :) he believes if you enjoy something, it is good for you :)

[13:29] {_shorty} lol

[13:29] {_shorty} Still LMAO Larisa

[13:29] {Threei} you got it larisa

[13:29] {Threei} still, I did quit smoking

[13:29] {_shorty} Sign me up for three free weeks of this Threei!

[13:30] {Threei} and guess what

[13:30] {Threei} my blood pressure shot throug the rof ever since

[13:30] {_shorty} You started smoking again?

[13:30] {Threei} no

[13:30] {_shorty} I quit smoking when I had my gave birth to our first child.

[13:30] {_shorty} wife

[13:31] {_shorty} I screwed up that sentence.

[13:31] {nemo} dying of small cell lung carcinoma is a brutal way to go

[13:32] {_shorty} That sounds horrible nemo.

[13:32] {larisa} vad, for every 2.2 pounds of weight loss, your blood pressure drops by 1 mm.

[13:33] {Threei} doesn't sound encouraging larisa

[13:33] {_shorty} lol

[13:33] {larisa} minus sodium :)

[13:34] {Threei} plus bullet to the head

[13:34] {Threei} put me out of my misery

[13:34] {Threei} (GR) Franco-German "last-minute agreement" on aid package to Greece is for 22B - Le Figaro

[13:34] {Threei} - Paris and Berlin have agreed on the terms of a bailout for Greece. The agreement provided a budget of 22 billion euros "as a last resort." The assistance will be released in case of inability to Athens normally finance markets.

[13:34] {Threei} - The European framework consists of coordinated bilateral loans which Member States would have to contribute, with the IMF granting financing through additional loans.

[13:34] {Threei} - The text must still be submitted to EU President Van Rompuy.

[13:35] {nemo} dollar hasn't crashed yet

[13:36] {RonS} ...euro holding...

[13:37] {nemo} indices back to support

[13:37] {nemo} frickin' greeks are gonna spoil the 11k party

[13:38] {larisa} it is not them :)

[13:38] {nemo} it is they

[13:40] {Threei} (GR) Greek official: Franco-German aid plan is acceptable, provides a message of stability

[13:42] {magoo} QCOM

[13:43] {RonS} ...hearing another bad auction....tnx to 3.913%

[13:43] {Threei} yeah, that .50 break Les spotted was tight

[13:44] {Threei} auction was at 1

[13:44] {Threei} *(US) TREASURY'S $32B 7-YEAR NOTE AUCTION DRAWS 3.374%; BID-TO-COVER RATIO: 2.61 V 2.98 PRIOR AND 2.79 OVER THE LAST 5

[13:44] {Threei} - Indirect bidders take 41.87% of competitive bids, with 83.04% allotted at the high

[13:44] {Threei} - Direct bidders take 8.11%, primary dealers 50.02%

[13:44] {Threei} - Median 3.289%, low 3.229%

[13:44] {Threei} - Bid to cover lowest since May 28th, 2009.

[13:44] {Threei} this wave of selling came 30 min later

[13:45] {Threei} so I doubt it's related

[13:46] {nemo} spy just hit the open and R2, see if it stabilizes here

[13:49] {nemo} oh oh

[13:50] {magoo} l qcom .20 RISKY

[13:50] {magoo} stop .97

[13:52] {Threei} EUR/USD Moves to fresh 10-month lows below 1.33 as markets digest reported Greek aid package and IMF involvement

[13:53] {RonS} TIE banging on the drop door

[13:55] {Threei} Long Setup: UAUA .10 break if stays above .05 and with market bouncing

[13:57] {Threei} modification, .05 break if holding 20

[13:57] {Threei} CAAS Hearing Rodman & Renshaw raises price target to $30 from $18 (timing uncertain)

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

[14:00] {Threei} - NYSE volume 630M shares, about 3% above its three-month average; advancers lead decliners by 1.8:1.

[14:00] {Threei} - NASDAQ volume 1.67B shares, about 22% above its three-month average; advancers lead decliners by 2.1:1.

[14:00] {Threei} - VIX index -2.75% at just over 17.00

[14:01] {Threei} over 1:1

[14:01] {Threei} 1:2

[14:01] {fernp} ty Vad

[14:01] {Threei} out

[14:01] {Threei} welcome

[14:01] {Threei} did we have any stops today?

[14:01] {_shorty} I did Threei.

[14:02] {Threei} on calls I mean

[14:02] {Threei} if you had some on your own, I could take responsibility for them of course if you insist

[14:03] {_shorty} lol

[14:03] {Threei} 'cause ya know... I am married

[14:03] {Threei} thus got used to take blame

[14:03] {Threei} for rain

[14:03] {Threei} earthquakes

[14:03] {Threei} plane delays

[14:03] {_shorty} Lack of experience to trade early this morning. The market shock me out twice.

[14:04] {_shorty} lol

[14:04] {_shorty} I get the blame too, does your wife have a long lost sister?

[14:05] {_shorty} Thanks for the UAUA set up Vad.

[14:05] {Threei} welcome

[14:05] {Threei} they are all sisters

[14:05] {Threei} all

[14:06] {_shorty} They are bigger then the freemasons Threei.

[14:07] {nemo} reason we're still not in the garden of eden

[14:08] {Threei} well, present company excluded

[14:09] {Threei} US) Reportedly US Senate has votes needed to pass House amendments to the heathcare bill

[14:09] {Threei} lol, that is one funny game

[14:10] {Threei} republicans press dems to vote no on things like "guarantee no new taxes on people earning under 200K"

[14:10] {Threei} or "guarantee no cuts to medicare"

[14:10] {Threei} they vote yes, bill is dead,

[14:10] {Threei} they vote no - they give awesome weapon to reps in the election

[14:11] {larisa} they will not have fingers to vote

[14:11] {Threei} rofl

[14:12] {Threei} meanwhile, guess who is on TV

[14:13] {nemo} Lolita Davidovich?

[14:13] {Les} salma hayek?

[14:15] {magoo} looky qcom

[14:16] {Threei} (GR) US Treasury Sec Geithner: Confident that Europe can find a solution for Greece

[14:17] {Threei} (GR) Two robins on the birch tree branch: Do you think we are the last ones who haven't commented whether Europe can find a solution for Greece?

[14:17] {Threei} - As an IMF member, Greece has the right to seek aid from the organization

[14:26] {Threei} I have a nagging suspicion 11K won't happen today

[14:26] {Threei} larisa missed out on a big box of carrot juice

[14:30] {Les} PMI shaping up as a decent type 1 short. massive bid to chew thru at .18 though

[14:30] {Threei} CAAS

[14:31] {RonS} Col Kurtz reversal day

[14:32] {_shorty} Senate past healthcare.

[14:32] {nemo} the beauty of sheer terror

[14:32] {RonS} "the horror"

[14:32] {_shorty} passed

[14:32] {nemo} yes

[14:33] {nemo} tough to be vaccinated back then

[14:33] {RonS} ?

[14:33] {_shorty} lol

[14:33] {nemo} what was the example of horror he cited?

[14:33] {_shorty} nice one nemo

[14:33] {nemo} TY

[14:34] {_shorty} I can't write today, or just can't write at all.

[14:34] {RonS} enlighten me

[14:34] {_shorty} I wrote past, not passed. Past is the past.

[14:34] {nemo} yeah...didn't call you on it shorty

[14:35] {_shorty} I would have nemo. I would have made fun of me.

[14:35] {nemo} he was military support in a mission sent to vaccinate natives

[14:35] {nemo} the local opposition guerillas "amputated" the vaccinated arms

[14:35] {RonS} kurtz was brando

[14:35] {nemo} yes

[14:36] {nemo} that was the scene with Martin Sheen on "horror"

[14:36] {RonS} i guess i am screwed up. i thought that was brando's line...

[14:37] {nemo} it was

[14:37] {nemo} that was the example he gave

[14:37] {Threei} CAAS nice bounce

[14:37] {nemo} was also lawrence fishburne's first movie

[14:37] {Threei} anyone had guts to go for it?

[14:37] {fernp} not here

[14:38] {nemo} not my type either

[14:38] {fernp} the spread is normally my typical 1:1 lol

[14:39] {RonS} ...the tiger scene with the sous chef is my fave

[14:39] {nemo} you like the .05 stops

[14:39] {nemo} oh yeah, that was funny

[14:40] {RonS} ...harrowing with a good surround system

[14:40] {fernp} too dangerous for me CAAS

[14:47] {Les} how the might fall - PRGO

[14:48] {_shorty} Need to take the kids out. I will talk to you guys tomorrow. Happy end of day trading all.

[14:48] {Les} ciao shorty

[14:48] {Threei} take care shorty

[14:49] {fernp} bye shorty

[14:49] {Les} aapl tanked

[14:52] {Threei} pretty much everything did

[14:53] {Les} ah yeh. looking at spy

[14:53] {Threei} 11 years boy fights for health care reform on TV

[14:54] {Threei} how I hate these propaganda methods

[14:59] {RonS} vad, this site is killin me, harry reid in the ad space...

[14:59] {Threei} which site?

[14:59] {RonS} mibbit

[14:59] {Threei} oh

[14:59] {Threei} that's third party, not ours

[15:00] {Threei} just an application

[15:00] {Threei} swicth to mirc, no ads

[15:00] {larisa} switch to MIRC Ron, you will like it

[15:00] {RonS} i figured...but sheesh...ever been to Searchlight NV, reid's hometown. no wonder the guy is such a crook

[15:01] {nemo} it's a prerequisite for office

[15:01] {nemo} gotta go folks...cu 2 morow...I think

[15:01] {Threei} take care nemo

[15:01] {larisa} bye :)

[15:01] {RonS} cya nemo

[15:02] {fernp} adios nemo

[15:02] {nemo} hasta manana

[15:03] {fernp} A strong today

[15:19] {Threei} JAZZ Discloses receives notice from Lonza Inc of intent to terminate Sodium Gamma Hydroxybutyrate Development and Supply Agreement - filing (12.38, -0.45, -3.51%)

[15:24] {RonS} was obama driving? http://www.businessinsider.com/100k-falls-off-an-armored-car-and-in-turn-pedestrians-stuff-their-pockets-2010-3?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

[15:25] {strider} anybody here?

[15:25] {magoo} ya

[15:26] {magoo} comp crashed there for few tho

[15:26] {strider} I see.

[15:26] {Threei} interesting quiet

[15:27] {Threei} not hunting for trades really, but want to see how end of day resolves

[15:27] {Threei} who blinks

[15:31] {Threei} Market Internals update at 3:30ET

[15:31] {Threei} - NYSE volume 815M shares, about 2% above its three-month average; advancers lead decliners by 1.6:1.

[15:31] {Threei} - NASDAQ volume 2.13B shares, about 20% above its three-month average; advancers lead decliners by 1.5:1.

[15:33] {Les} getting harder to bust that 11k target

[15:33] {strider} Financials drooping.

[15:34] {strider} gonna make another run for it?

[15:40] {RonS} ...selling the winners. check clf

[15:42] {fernp} Good evening everybody. See u all tomorrow

[15:42] {RonS} good thing dino is playing golf

[15:42] {Les} ciao fern

[15:42] {Threei} take care fern

[15:42] {RonS} cya fern

[15:46] {strider} Geez, everybody was so optimistic this morning. What happened?

[15:46] {larisa} not everybody :)

[15:46] {Threei} maniac-deperssive

[15:46] {strider} yeah. what you said.

[15:46] {Threei} elated this minute, depressed next

[15:46] {Threei} yesterday they couldn't get out fast enough

[15:47] {Threei} in the morning there was nthing they wouldn't buy

[15:47] {Threei} not they want none of that

[15:47] {Threei} you are not married or what

[15:47] {strider} who, me?

[15:47] {Threei} sure

[15:48] {strider} My wife is very frugal.

[15:48] {strider} I have to force her to spend money.

[15:48] {strider} I don't do that often.

[15:48] {larisa} lol

[15:48] {RonS} sounds like nirvana

[15:48] {lasertrev} magoo dcc

[15:49] {strider} If something breaks, she just figures out how to get along without it.

[15:50] {larisa} I ask hubby to fix it :) most of the time he can.. but somehow i tend to break things..

[15:51] {strider} She drove a VW beetle from 1967 to 2002

[15:51] {strider} and I mean the same car.

[15:51] {larisa} so what if she liked it

[15:52] {strider} She did. Had to pry her out of it.

[15:52] {larisa} she keeps you for how many years ?

[15:52] {strider} not so many.

[15:52] {Threei} lol

[15:52] {strider} Just since 1994.

[15:52] {larisa} so do not change her habit to keep things around :)

[15:53] {strider} absolutely not.

[15:57] {Les} managed to trade 104'000 pretend shares of PMI today

[15:57] {Les} gives me an idea of how ese does his thing

[15:57] {larisa} profitable?

[15:57] {Threei} bulls really blinked today

[15:57] {Threei} first time in a long time

[15:58] {RonS} les, until, if, and when you do it with real money you will have no idea

[15:58] {strider} Hope it follows through.

[15:58] {RonS} ...vad, fundies booking their quarter. had to happen some time

[15:58] {Les} no, but not hurting bad either. You can clearly see where I went right and wrong on PMI. Trend trades were good, the rest *hit

[15:59] {Les} not so Ron

[15:59] {strider} I think Les has an idea....

[15:59] {Les} slightly different setup to vad

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {strider} what did I do?

[16:00] {Les} ty and ciao

[16:00] {magoo} ty

[16:00] {larisa} Emotions will fly with big shares. Not for everybody for sure :)

[16:00] {larisa} bye all

[16:00] {RonS} ciao

Mar 23 2010

Pretty much repetition of yesterday - profitable day with a long period of inactivity or small discretionary scalps. RCL short was the best trade early in the morning; the rest mostly came out to scalps. Yesterday's forecast about climb up continuing got confirmed for today; DOW 11K is within easy reach now, and seems inevitable.

Session Time: Tue Mar 23 00:00:00 2010

[08:41] {Threei} WAG Exec: Expects the Health Care bill to impact business: will provide more detail on effects in the future (35.33, 0.00, 0.00%)

[08:51] {Threei} *(CA) CANADA FEB LEADING INDICATOR M/M: 0.8% V 0.9%E; ninth straight month of increases

[08:51] {Threei} - Prior MoM revised lower from 0.9% to 0.7%

[08:52] {Threei} die frikin loonie

[08:53] {Threei} Baidu.com Goldman Sachs Raises price target to $675 from $575; maintains Buy rating

[08:53] {Threei} - Believes Googles move to Hong Kong will benefit Bidu, by capturing 33-75% of google.cn's traffic.

[08:53] {Threei} - This could capture 50% of google.cn's revenue.

[08:55] {_shorty} Good morning

[08:55] {Threei} shorty :)

[08:55] {Threei} (GR) Reportedly German official: EU will not decide on Greek aid at thiss week summit

[08:55] {Threei} (US) US Treasury confirms US and China to hold annual strategic and economic meeting in late May (related USD/CNY FXI )

[08:56] {nemo} I'll call him VC for short (pun intended)

[08:57] {nemo} dude

[08:58] {ese} morning

[08:58] {ese} dude.......

[08:58] {Threei} nemo, ese :)

[08:58] {strider} morning everyone.

[08:59] {ese} st

[08:59] {Threei} strider:)

[08:59] {strider} :)

[09:06] {Threei} TOMO Study Reveals TomoTherapy(R) Technology Plays Key Role in Enabling Concurrent Chemo-Radiation Treatments for Lung Cancer (3.75, 0.00, 0.00%)

[09:11] {dino} gm all

[09:11] {Threei} dino :)

[09:11] {dino} ugh, gas company jack hammering main street right outside my office

[09:12] {Threei} yikes

[09:12] {ese} morning dino

[09:12] {dino} loud

[09:12] {dino} :)

[09:13] {Les} getting rejected from discussions - how humiliating

[09:13] {Les} even the computers don't love me

[09:13] {Les} morning all

[09:14] {Threei} les :)

[09:14] {nemo} awwww...just ignore him, maybe he'll go away...:)

[09:14] {nemo} hi lari :)

[09:14] {Threei} what's with SQNM

[09:15] {Threei} all I see is

[09:15] {Threei} 07:21 SQNM Lazard Raised SQNM to Buy from Hold

[09:15] {larisa} gm :)

[09:15] {Threei} hardly deserves such gap

[09:15] {Les} ooh, pretty green camouflage skin

[09:15] {Threei} larisa :)

[09:15] {Les} larisa

[09:15] {larisa} nemo, vad, les :)

[09:15] {Les} what's on the menu Vad?

[09:17] {Threei} usual suspects

[09:17] {Threei} plus SQNM

[09:17] {Les} Dino, anything crossed your path?

[09:17] {Les} ty vad

[09:17] {dino} amsc, prgo

[09:17] {Les} ty

[09:17] {dino} np

[09:17] {dino} last day for me this week

[09:18] {strider} PRGO AMSC

[09:18] {dino} lol strider, see above

[09:18] {Les} hmm deja vu!

[09:18] {strider} PMI

[09:18] {_shorty} PRGO, was on msnbc, I think. up%

[09:18] {dino} heading towards nc tomorrow strider

[09:19] {_shorty} 5%

[09:19] {strider} really? Should I be concerned?

[09:19] {ese} ccl it's got that vad look with T&S going crazy

[09:19] {dino} indeed

[09:19] {strider} golfing at the coast?

[09:19] {dino} yes

[09:19] {ese} beat the street handily

[09:20] {RonS} gm all sqnm shows 19.4 mil short, 32% of float

[09:20] {Threei} ron :)

[09:20] {ese} ron

[09:20] {Threei} CCL had news

[09:21] {Threei} Carnival Reports Q1 $0.22 v $0.14e, R$3.1B v $3.1Be

[09:21] {Threei} - Q1 - Fuel price increased 80% to $497 per metric ton for Q1 2010 from $276 per metric ton in Q1 2009 and was higher than the December guidance of $474 per metric ton.

[09:21] {Threei} - Guides Q2 EPS $0.26-0.30 v $0.24e

[09:21] {Threei} - Guides FY10 $2.25-2.35 v $2.26e, Rev +$ v $14.4Be

[09:21] {dino} onty

[09:21] {Threei} - Since the start of the calendar year, booking volumes for the remaining three quarters are running ahead of the prior year with prices significantly higher than last year's discounted levels. At this time, cumulative advance bookings for the remainder of the year are in line with last year at higher prices.

[09:22] {Threei} 08:02 ONTY Confirms Merck Serono has temporarily suspended Phase III trials in Stimuvax

[09:22] {Threei} - Note: Merck Serono earlier announced the suspension

[09:23] {Threei} btw, look at RCL as sympoathy play with CCL

[09:23] {dino} nly div. cut

[09:24] {ese} hmmmm chart looks the same

[09:24] {RonS} sks short squeeze- 45 mil, 42% of float

[09:24] {ese} T&S not going as crazy vad

[09:26] {Threei} no, but it can be a follower, so CCL gives you a clue for the next move to use with RCL

[09:27] {RonS} dino, i think nly is div declaration, no?

[09:27] {Threei} let's observe to test that theory

[09:27] {Threei} CCL downticks a little presently

[09:27] {Threei} spiked two min ago

[09:27] {dino} real$ reporting cut of 10 cents

[09:27] {ese} yup

[09:28] {dino} from .75 to .65

[09:28] {RonS} ah

[09:28] {ese} am not likin the .12 spread though

[09:28] {jfjf64} morninall

[09:28] {Threei} RCL is tighter

[09:29] {Threei} and breaks 52 weeks high

[09:29] {Threei} jf :)

[09:29] {ese} jf

[09:30] {jfjf64} ese how italy

[09:30] {lasertrev} gm

[09:30] {ese} amazing

[09:30] {Threei} trev :)

[09:31] {Threei} RCL explosion

[09:31] {ese} damn rcl..........didn't get filled

[09:31] {Les} we missin the boat

[09:31] {dino} wfc to .68

[09:31] {Les} no pun intended

[09:31] {dino} whoa slip[page to .60, +.10

[09:31] {ese} went for linit order with the big spreads

[09:31] {fernp} Good morning everybody

[09:31] {ese} limit

[09:31] {Threei} fern :)

[09:32] {Threei} LVS, watching for pullback entry

[09:32] {Threei} closer to .70

[09:32] {nemo} support .64

[09:32] {Threei} .70 recross

[09:33] {Threei} if stays above .60

[09:34] {Les} palm squeeze

[09:34] {Threei} Short Setup: RCL .45

[09:34] {Threei} if stays under .60

[09:35] {nemo} rinse lvs

[09:35] {Threei} rinse?

[09:35] {nemo} or defacto rinse

[09:35] {Threei} it never triggered

[09:35] {nemo} o.k. we need another name for it

[09:35] {nemo} look

[09:36] {Threei} the name's invalidation

[09:36] {Les} .70 break with .60' stop

[09:36] {Les} ?

[09:36] {nemo} yeah, it bounced right at the 200 ma

[09:37] {Les} half out .80

[09:37] {nemo} lvs pullback

[09:37] {Les} and stopped 2nd half

[09:37] {dino} snda sm l .25

[09:40] {Threei} US) Preview: Feb Existing Home Sales due out at 10:00ET

[09:40] {Threei} **consensus expectation: 5.00Me v 5.05M prior

[09:40] {Threei} US) Preview: Jan House Price Index due out at 10:00ET

[09:40] {Threei} **consensus expectations: -0.8%e v -1.6% prior

[09:40] {Threei} US) Preview: March Richmond Fed Manufacturing Index due out at 10:00ET

[09:40] {Threei} **consensus expectation: 5e v 2 prior

[09:41] {dino} issi

[09:41] {nemo} big beat

[09:42] {Les} PMI acquiring vol.

[09:42] {ese} l flex .26

[09:42] {Threei} Short Setup: RCL .45

[09:42] {Threei} if stays under .60

[09:43] {Threei} not a scalp

[09:43] {Threei} partial out

[09:43] {Threei} 1:1, half out

[09:43] {Threei} stop to .51

[09:44] {Threei} bid 1/4 more under .20

[09:44] {Threei} 1/4 more out

[09:44] {Threei} .17

[09:45] {Threei} bid last portion under .10

[09:45] {dino} nice

[09:45] {Threei} stop b/e

[09:45] {nemo} missed it...had broke before I got it up on the screen

[09:45] {_shorty} nice

[09:45] {ese} out flex .24 -.03

[09:45] {ese} market went against me

[09:45] {dino} rino luv

[09:45] {Les} stupid not to chase rcl 3 cents

[09:46] {dino} snda stopped -.32

[09:46] {Threei} (GR) Austria Fin Min: Have not ruled out removing Greece from Eurozone

[09:46] {Threei} wow

[09:46] {Threei} that's harsh

[09:46] {nemo} this time it was stupid not to chase Les

[09:46] {nemo} never stupid not to chase

[09:46] {Les} yeh considering reward potential

[09:47] {nemo} hindsight

[09:47] {Les} took PMI for +.10 some consolation

[09:47] {dino} like getting kicked out of a golf match

[09:47] {Les} ?

[09:47] {Les} pray tell dino

[09:47] {dino} the greek news

[09:47] {Threei} them are fighting words eh

[09:47] {dino} indeed

[09:48] {Les} so Austrians speaking up for what Germans dare not say?

[09:48] {Threei} (SP) Spain PM Zapatero: Euro group must help Greece move forward and re-enforce economic goverance

[09:48] {nemo} home of Hayek and Von Mises

[09:48] {Threei} Salma??

[09:48] {nemo} yeah, really

[09:48] {Threei} lol

[09:49] {nemo} one of my all time favs

[09:49] {Threei} ugh

[09:49] {Threei} one thing I am kicking myself for

[09:49] {Threei} INCY .45 break

[09:49] {Les} oh right. found your hayek. not an economic intellectual I see

[09:49] {nemo} who cares

[09:49] {Les} evidently not you

[09:50] {Threei} not me either

[09:50] {Threei} me shallow

[09:50] {nemo} regarding Salma that is, have a library full of Hayek

[09:50] {dino} hottie

[09:50] {Threei} INCY starts looking like one ot them slow climbers of a salmon type

[09:51] {Threei} see if gives a pullback for entry and hold for a bigger move

[09:51] {RonS} incy 46% of float short

[09:52] {Threei} pullback under .60, as close to .50 as you can get

[09:52] {Threei} ty Ron

[09:52] {RonS} np

[09:52] {Threei} break of .45 was no brainer...

[09:52] {Threei} I missed it, and then wasn't sure about pullback into it

[09:52] {Threei} which was unforgivable miss of entry

[09:53] {Threei} PEIX Strength attributed to positive comments from Stansberry (timing uncertain) (2.14, +0.20, 10.31%)

[09:53] {Threei} gosh, PEIX isn't delisted yet

[09:54] {ese} back L again seed .08

[09:54] {ese} by the way took at _.06 loss in seed at the end of the day yesterday

[09:55] {ese} -.06

[09:55] {Threei} that's not a loss

[09:55] {Threei} that's a, umm, tribute to gods of uncertainty

[09:55] {ese} lol

[09:55] {Threei} view it as a sacrificial chicken

[09:55] {Les} knowing ese's share size, that be damn big sacrificial chicken

[09:56] {Threei} my bet is, he doesn't play a lot on SEED

[09:56] {ese} ya was into it for 5k

[09:56] {Les} I was actually long with you yesterday ese

[09:56] {Threei} see? miniscule

[09:56] {Les} prgo 55

[09:56] {Threei} come on INCY, let us in

[09:57] {ese} 2.5 then 2.5 avg at .08

[09:57] {ese} how did you do with it las

[09:57] {ese} les

[09:57] {Threei} Long Setup: LVS .40

[09:57] {Threei} if stays above .30

[09:58] {dino} tyie vol. spike

[09:58] {dino} tie

[09:58] {Threei} (GR) Reportedly German CDU member has stated that France would need to go it alone were it to support Greece

[09:58] {Threei} - Has asked Chancellor Merkel to resist calls to provide aid for Greece at EU meetings later in the week

[09:59] {Les} good call. Sarkozy so weak, he would be crucified in federal elections if he did that

[09:59] {Threei} *(US) MAR RICHMOND FED MANUFACTURING INDEX: 6 V 5E

[09:59] {dino} chyk gap fill nov/dec

[09:59] {dino} chk wow can't type

[09:59] {Threei} ok someone, shoot me please for missing INCY

[09:59] {Threei} sorry dino... my fault... it's contagious

[10:00] {dino} grrrrr

[10:00] {Threei} US) FEB EXISTING HOME SALES: 5.02M V 5.0ME

[10:00] {Threei} US) JAN HOUSE PRICE INDEX M/M: -0.6% V -0.8%E

[10:00] {Threei} no worky LVS

[10:00] {fernp} stopped LVS

[10:01] {_shorty} STX

[10:01] {Les} stopped and reversed .30 lvs

[10:01] {Threei} nice

[10:01] {_shorty} missed it at 20.25

[10:02] {Les} incy

[10:02] {Threei} OK

[10:03] {Les} out lvs +.14

[10:03] {Threei} hunt's on for bottom of pullback

[10:03] {nemo} you short LVS les?

[10:03] {Threei} one more leg down, INCY

[10:03] {Les} was

[10:04] {nemo} lvs coming into maor suport

[10:04] {dino} rino stop to .49

[10:05] {dino} tighten

[10:05] {Les} SEED lost me 1 cent only ese. As 50 ma began pushing it down I pulled plug under 10

[10:05] {fernp} .60 break INCY?

[10:05] {Threei} don't like that

[10:06] {Threei} I'd prefer one more dive

[10:06] {Threei} into .50 or just below

[10:06] {Les} 50 ma .43 as support for incy

[10:06] {Threei} yes, like this, just a tad more

[10:06] {Threei} if market jumps up, .55 break is acceptable entry

[10:07] {Threei} if loses .50 , just get in on first strenght

[10:07] {Threei} keeping an eye on the market of course

[10:07] {Threei} .56 it is

[10:07] {Threei} stop for extreme scalpers under .50

[10:07] {Threei} for day traders under .45

[10:09] {ese} well...seed is more than making up for yesterday now les

[10:10] {dino} rino good girl too

[10:10] {Les} sigh

[10:11] {Threei} very nice one ese

[10:11] {ese} tks

[10:11] {Threei} pesky scalpers got 1:1

[10:11] {dino} oil green

[10:12] {ese} am looking for .78 on seed ....high from last friday

[10:13] {dino} sm l chk .15

[10:13] {Threei} stop to under .50 for everyone on INCY

[10:13] {Threei} minimize risk, in case it's done for the day

[10:14] {nemo} whoa cat

[10:14] {Les} I quit incy .59

[10:16] {Les} vphm

[10:18] {dino} out rino .03, +1.03

[10:18] {Threei} wtg

[10:18] {Les} wow

[10:18] {Threei} day traders got 1:1 INCY

[10:18] {dino} ty

[10:19] {Les} took incy again on .60 break for 2k. made a difference.

[10:21] {nemo} lvs holding support

[10:22] {dino} nly s .11

[10:22] {Les} inverted h&s developing lvs?

[10:23] {Threei} yes

[10:27] {Threei} Long Setup: LVS .25 if stays above .20

[10:27] {dino} jst sm l .50

[10:29] {Threei} EUR/CHF Cross hits lifetime low below the 1.4295 level

[10:29] {Threei} wow

[10:30] {Les} it can keep going, I want our holiday 30% off this summer :)

[10:30] {Threei} please my loonie with it too

[10:30] {_shorty} Kids fly free to Disney Land with westjet.:)

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

[10:31] {Threei} - NYSE volume 225M shares, about 8% below its three-month average; advancers lead decliners by 1.4:1.

[10:31] {Threei} - NASDAQ volume 545M shares, about 7% above its three-month average; advancers and decliners are about even.

[10:31] {Threei} - VIX index flat at just over 16.50.

[10:31] {fernp} FAS 94 break, Vad? is valid?

[10:32] {Threei} hard to tell fern

[10:32] {Les} l vphm .03

[10:32] {Threei} not sure

[10:32] {nemo} out lvs

[10:33] {magoo} hi guys

[10:33] {Threei} hey mags

[10:33] {Threei} hmmmm

[10:33] {Les} mags

[10:33] {dino} sllllllllaaaaaaaaappppppppp

[10:33] {Threei} WHRT Announces Levacor VAD Implant at the University of Utah

[10:33] {strider} Aaaaaahhhhhh!

[10:34] {Threei} Ventricular Assist Device (VAD)

[10:34] {Threei} okay then

[10:34] {Les} a bigger willy? alcohol resistant liver? what is it?

[10:34] {dino} lol

[10:34] {Les} oh, ok

[10:35] {_shorty} lol

[10:37] {Threei} Short Setup: CAT .75 break

[10:37] {Threei} if stays below .85

[10:38] {Threei} should be good for 1:2 if works

[10:39] {nemo} support at .64

[10:40] {dino} amsc to .99

[10:43] {nemo} 1:1 cat

[10:43] {Threei} 1:1

[10:43] {fernp} ty Vad

[10:43] {Threei} welcome sir

[10:43] {Threei} half out for me, and stop to .81

[10:43] {Threei} to b/e after losing .60

[10:43] {Threei} and second cover around 1:2

[10:47] {Threei} GR) Fitch: no need to cut ratings if markets are willing to lend at current/reasonable rates

[10:48] {Threei} BBB+ ratings may carry

[10:48] {Threei} - Do not expect to see aid deal for Greece and EU summit

[10:49] {Threei} markets to Fitch: aren't YOU supposed to tell us whether we should be willing to lend or not?

[10:49] {Threei} - Lack of decision on Greece at summit would not tirgger a downgrade if the IMF option is retained

[10:49] {Threei} US taxpayer: anyone cares to know what I think of IMF option?

[10:50] {dino} nmost likely same as me

[10:50] {Threei} done with second portion CAT

[10:55] {dino} ufpi drop, thin

[10:56] {dino} nly bstop to flat

[10:56] {dino} slow sucker

[10:56] {dino} ccme

[10:56] {dino} yuii hod

[10:58] {dino} cov nly +.01

[10:59] {dino} out amsc .97, +.47

[10:59] {Threei} beauty

[10:59] {Threei} trade, not dino

[10:59] {Les} i dunno

[10:59] {dino} :)

[10:59] {Les} starting to get obscene

[10:59] {nemo} ?

[11:00] {dino} jst not working tighten to .39

[11:00] {Les} these profits of dino

[11:00] {dino} just lucky

06[11:01] * nemo slaps dino around a bit with a large trout

[11:01] {dino} prgo hod area

[11:01] {Threei} BELM Latin America Division Signs Agreement With Dell (5.31, +0.03, 0.57%)

[11:01] {dino} nemo, prgo thoughts

[11:01] {dino} thinking break of .50 short

[11:02] {fernp} BK salmon, Vad?

[11:02] {Threei} Under the terms of the agreement, Bell Micro will distribute Dell laptops and netbooks to retailers and SMBs throughout Latin America.

[11:02] {Threei} - Dell products will be shipped from Bell Micro's Miami warehouse to Latin America. In the future, shipments are expected go directly from Dell's manufacturing facilities in China to Bell Micro's facilities in Chile and Brazil.

[11:02] {Threei} it is

[11:02] {Threei} nice looking one too

[11:03] {dino} snda sm l .01 last try

[11:03] {RonS} trannies lod

[11:03] {nemo} solid trendline currently at .50, volume continues to drop although volume spike into high was same as previous high

[11:04] {Les} ok. two shorts on CAT on its way down has put me ahead

[11:04] {dino} gj

[11:04] {Threei} how did you get behind?

[11:05] {Les} never was. but I'm like magoo

[11:05] {Les} I want mooooore

[11:06] {Threei} doctor, give me something to cure my greed... and give me more, more of that!

[11:06] {Les} don't laugh

[11:06] {nemo} prgo been bouncing of 50 ma also dino

[11:06] {Les} but am learning tao principles from Winney the Poo

[11:07] {Les} as author writes, life is fun (if we don't overthink it too much)

[11:07] {nemo} oh gawd

[11:07] {Les} am beginning to thoroughly enjoy myself here

[11:07] {Les} Nemo - not a word!

[11:07] {dino} hum dee dum les

[11:08] {Threei} oh come on Les, you know nemo is part of what you enjoy

[11:08] {nemo} yeah, it's enjoyable when I stop :)

[11:08] {Threei} lol

[11:08] {RonS} get the trout nemo

[11:08] {nemo} prgo held trendline dino

[11:08] {dino} see it, will wait

[11:14] {dino} prgo makes me thin of pasta

[11:14] {_shorty} lol

[11:14] {nemo} haha haha

[11:14] {strider} nobody gets thin from pasta.

[11:14] {nemo} Yeah, Prego and Chef Boyardee, two of the first commercial sauces

[11:15] {dino} carbs kill me

[11:15] {dino} sm l ufpi .50, wide

[11:15] {Les} making me fatter but I ain't complaining. Italy, yum

[11:16] {nemo} Only food I couldn't out eat my father-pasta

[11:17] {Les} prgo trying to catch some momo

[11:18] {dino} lol serious understatement

[11:18] {nemo} feel like going back to bed market so narrow

[11:19] {Threei} VVUS Hearing chatter of possible bid for rights to Qnexa (9.30, +0.39, 4.38%)

[11:26] {nemo} boy were we dumb dino (I know, speak for myself) look at the volume progression on tht prgo break above .60

[11:27] {nemo} the 2nd one

[11:28] {dino} yes

[11:34] {_shorty} It's like the market decided to stop.

[11:34] {Threei} Short Setup: AMZN half lot .50 break

[11:34] {Threei} if stays below .65 - .70

[11:35] {Les} out vphm +.12

[11:36] {magoo} i looks like long also vad if triggs past .65

[11:40] {nemo} wynn active

[11:40] {dino} ufpi stopped

[11:41] {dino} -.35

[11:42] {magoo} out .90 + .25, dont like going against our sen-sey

[11:43] {Threei} it never lost .50

[11:43] {Threei} triggered other way

[11:43] {Threei} so it's not against

[11:43] {_shorty} Stepping out, not that I have given a lot today to you guys. Be back in a couple.

[11:43] {nemo} don't trip over the rug shorty

[11:43] {Threei} (GR) German Chancellor Merkel: Could be "last resort" aid if Greece cannot access private credit

[11:43] {nemo} sorry...

[11:43] {_shorty} dang too late

[11:43] {nemo} not really..

[11:44] {_shorty} lol

[11:46] {dino} cya shorty

[11:47] {fernp} LVS .20 break, Vad?

[11:48] {dino} wow ufpi rinsed

[11:49] {Threei} doesn't really cooperate today fern

[11:49] {Threei} can't tell

[11:49] {fernp} ok

[11:51] {Les} been playing with VVUS. did myself damage by buying the b/o at .31 and not the pullback.

[11:51] {Les} I don't wanna friggin listen to ya vad

[11:51] {nemo} slow range bound market Les, almost always pullbacks

[11:52] {Les} would have come done nicely on .25 pullback. still, the experience makes a small loss ok

[11:53] {Threei} of course not... why would you listen to me when I say "do not buy breakouts on momentum movers, go for pullbacks instead" only what, 10,000 times... now if I said it 12,000 times - then of course...

[11:53] {nemo} you're paying tuition, with paper trading no less

[11:53] {nemo} you would have wasted 2000 more breaths

[11:57] {dino} lol

[11:57] {Les} oh belt up dino, you're too late

[11:57] {dino} the harvard education cost

[11:57] {Threei} he is on dialup Les

[11:57] {Les} oh

[11:57] {Threei} he reads your first joke when you finish third

[11:57] {dino} yeah, lol

[11:57] {KSystems} morning

[11:58] {Threei} KS :)

[11:58] {Les} hi KS

[11:58] {dino} noon here ks

[11:58] {Les} evening here

[11:58] {nemo} jeez KS, you workin' too hard

[11:58] {Threei} and when he types LOL he doesn't know yet that no one else laughed

[11:58] {nemo} dino has his own sense of humor

[11:58] {Threei} lucky him... I have none

[11:59] {nemo} mmmmmhhhh...Lari should be jumping in very soon

[11:59] {Les} lunchtime. a girl's gotta eat

[12:01] {Les} out NLY +.01 dino. didn't make .01 target I had for it.

[12:01] {Les} wow and it just popped

[12:03] {Les} looking at PRGO breaking below 56

[12:05] {ese} am still hangin L tie .94

[12:06] {ese} might be the wong time of day ....we'll see

[12:09] {dino} ufpi breakof .50 sm l

[12:10] {dino} gappy sucker careful

[12:10] {dino} prgo go go going, wow

[12:11] {nemo} it hit the 50 ma and took off

[12:11] {ese} you in prgo dino

[12:12] {dino} no

[12:13] {nemo} had that little DB and the ma, but no real volume indication on the turn

[12:13] {dino} scanners went solid green

[12:14] {ese} out 1/2 tie +.06 remainder stop to .95

[12:15] {dino} gj

[12:17] {ese} tks

[12:17] {Threei} ICXT Wins $3M SCADA Contract with the Tennessee Valley Authority (TVA)

[12:17] {Threei} - issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public... (7.44, +0.24, 3.33%) more...

[12:17] {Threei} - issued a blanket $3 million contract from the Tennessee Valley Authority (TVA), the largest public power company in the United States, for remote terminal units (RTUs). TVA has selected the Callisto Edge from ICx as a small RTU to deploy throughout their supervisory control and data acquisition (SCADA) system.

[12:19] {ese} stopped remainder tie .95

[12:19] {Threei} VVUS quite impressive move

[12:23] {dino} givn

[12:25] {Threei} guys, anyone has Amazoin's Kindle?

[12:25] {strider} not me.

[12:26] {strider} I take it you do.

[12:26] {strider} I'd be interested in one, if they had the books I read.

[12:26] {dino} nope

[12:26] {strider} Which they don't.

[12:27] {Threei} I don't

[12:28] {strider} Personally, I don't see a future for those things.

[12:28] {Threei} am not interested

[12:29] {Threei} it's that amazon placed a link to Kindle edition of my book without my permission, I demanded they took it off,

[12:29] {strider} ah.

[12:29] {Threei} they said it's not available for buying anymore even if the page is still there,

[12:29] {Threei} but I can't check it since I am not a Kindle owner, and attempt to click on it tells me that I have no kindle account

[12:30] {nemo} cat testing highs in a jbe formation, kinda'

[12:38] {fernp} LINTA 15 break short, Vad?

[12:38] {Threei} worth a tgry

[12:38] {Threei} try

[12:38] {Threei} slow and narrow

[12:38] {fernp} ty

[12:38] {Threei} but I take it that's what you wnat

[12:39] {nemo} muy fern

[12:39] {fernp} 5c stop neno

[12:40] {nemo} si, muy fern

[12:40] {fernp} is attractive :-)

[12:40] {nemo} bonita?

[12:41] {fernp} yes

[12:41] {Threei} GOOG Chinese authorities have apparently made no move to cut off mainland access to Google's Hong Kong site - WSJ (595.81, +16.09, 2.78%) (related BIDU FXI )

[12:49] {Threei} 1:1 is coming

[12:49] {fernp} 1:1 LINTA took 15.00

[12:49] {fernp} ty vad

06[12:52] * KSystems slaps Threei around a bit with a large trout

[12:52] {Threei} hmmm

[12:52] {Threei} oh well

[12:52] {dino} dino seconds it w/ slllllaaaaaaaapppppppppppppp

[12:53] {Threei} lol

[13:01] {Threei} *(US) TREASURY'S $44B 2-YEAR NOTE AUCTION DRAWS 1.000%; BID-TO-COVER RATIO: 3.00 V 3.33 PRIOR AND 3.10 AVE OVER LAST 10 AUCTIONS

[13:06] {RonS} mpg momo

[13:07] {Threei} Maguire Properties, Inc. Reports Q4 FFO $0.03 v $0.04 y/y, R$119M v $108Me

[13:07] {Threei} - As previously announced, six special purpose property-owning subsidiaries are in default on their mortgage loans.

[13:13] {fernp} .70 KEG is valid breakout, Vad?

[13:14] {Threei} questionable

[13:14] {fernp} ok

[13:15] {Les} Vad whatdya think of SQNM for a type 1 .29 b/d?

[13:15] {Threei} (GR) German Chancellor Merkel: - Germany will only agree to an aid model that combines IMF and bilateral aid.

[13:15] {Threei} - Follow up 12:08ET: Reportedly Germany and France have agreed on a role for the IMF in Greek situation

[13:15] {Les} 50/200ma at .33 and coming down

[13:16] {dino} jst to .89

[13:16] {Threei} toughie Les... don't know

[13:17] {Les} ok thanks

[13:17] {fernp} and MJN .50 break, vad=

[13:17] {fernp} ?

[13:19] {Threei} a bit better looking than KEG

[13:19] {Threei} but still... 51/49

[13:19] {dino} to .02 jst

[13:19] {fernp} ok

[13:19] {Threei} don't you find it wierd

[13:19] {Threei} Germany and France have agreed on a role for the IMF in Greek situation

[13:19] {Threei} anyone asks IMF?

[13:20] {dino} imf has offered

[13:20] {Threei} really?

[13:20] {Threei} I missed that

[13:20] {dino} but technically it will be like iceland was a default

[13:21] {ese} gotta go all catch you tomorrow.......

[13:21] {Threei} take care ese

[13:21] {dino} cya es

[13:21] {ese} cya vad dino

[13:21] {fernp} FAZ .85 breakdown?

[13:22] {Threei} NEXM

[13:22] {Threei} NexMed Inc. Enters into Distribution Agreement for Japan

[13:22] {Threei} - wholly-owned subsidiary, Bio-Quant has signed a distribution agreement with Cosmo Bio Co., Ltd, under which Cosmo Bio will market Bio-Quants discovery and pre-clinical contract research services throughout Japan

[13:31] {dino} jst out .02, +.52

[13:31] {Les} sqnm

[13:32] {dino} ufpi to .97

[13:32] {fernp} MJN 1:1

[13:33] {dino} gj fern

[13:34] {Threei} yeah, fern goes into lunch period armed with penny-squeezing methodology

[13:35] {fernp} lol KEG one cent for 1:1

[13:36] {Threei} want to hear something very disturbing?

[13:36] {magoo} dino farting?

[13:36] {Threei} I am sure that IS disturbing but local - as in, limited to you as a disturbance :)

[13:36] {dino} hey!

[13:37] {dino} stingy time ufpi to .01

[13:37] {Threei} so, out of majority disliking current health care bill, big enough portion dislikes it because it's not liberal enough, to create majority if added to those who like it

[13:38] {Threei} meaning, if bill was much more left leaning, publick actually would have liked it more

[13:38] {dino} don't believe that at all

[13:38] {Threei} enough to give it overwhelming public support

[13:38] {dino} spin doctors at work

[13:38] {Threei} that's what breakdown of numbers says....

[13:38] {RonS} orwellian

[13:38] {nemo} Cosmo got a job?

[13:38] {Threei} those voting no answered additional question

[13:38] {Threei} about reasons for their no

[13:38] {dino} tie app hod

[13:39] {Threei} if it's true this country is finished ladies and gentlemen

[13:39] {nemo} well, it will at least go the way of England

[13:41] {Threei} AIG...

[13:43] {Threei} RMBS Expect long term annual revenue to reach $500M v $113M in 2009 - analyst day presentation

[13:43] {Threei} - may diversify through acquisition in non-semiconductor areas

[13:43] {dino} long term, like what 10 years

[13:43] {Threei} over the long term annual revenue goal, $300M to come in DRAM, $200M in memory controllers

[13:43] {Threei} - highlights currently in patent licesnse discussions with Elpida

[13:45] {dino} out ufpi ave .02, +.50

[13:50] {Threei} Long Setup: AIG .005

[13:51] {Threei} if holding above 33

[13:51] {RonS} .05?

[13:51] {Threei} yes

[13:59] {fernp} no go AIG

[13:59] {Threei} ??

[13:59] {nemo} it didn't trigger before it invalidated

[13:59] {fernp} i know, it was invalidated

[14:00] {fernp} but i tried w stop under .97, my fault

[14:00] {nemo} that's why vad had the "??" after your no go comment

[14:00] {magoo} mkt killed setup

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

[14:00] {Threei} - NYSE volume 545M shares, about 11% below its three-month average; advancers lead decliners by 1.2:1.

[14:00] {Threei} - NASDAQ volume 1.44B shares, about 6% above its three-month average; advancers lead decliners by 1.1:1.

[14:00] {Threei} - VIX index -1.25% to just over 16.50

[14:00] {Les} out +.15 sqnm 3k. oooh I like those numbers

[14:01] {magoo} i like the set up here

[14:01] {magoo} if triggs

06[14:02] * magoo slaps Les around a bit with a large trout

[14:02] {magoo} how u like THAT?

[14:02] {Les} I didn't jinx it!

[14:03] {Threei} (US) US Treasury Pay Czar Feinberg trims pay for 2010 by 15% y/y for AIG, GMAC, Chrysler executives

[14:05] {Threei} - cash compensation will be kept below $500K

[14:05] {Threei} - sends request on pay data for top 25 executives at the 419 firms that received TARP funds during period that encapsulates the 2008 end of year bonus season

[14:06] {Threei} reminds me an ancient joke from the 1917 revolution times... "Bolsheviks fight to eliminate rich people! - Hmm...I'd think let's fight to eliminate poor ones..."

[14:08] {nemo} is aig back on?

[14:08] {Threei} not by me

[14:10] {magoo} in

[14:10] {magoo} .40 area

[14:10] {fernp} this time yessss

[14:10] {nemo} yeah, it was a little inverted H&S

[14:10] {fernp} out AIG

[14:11] {magoo} one more leg palease

[14:11] {nemo} not lookin' good dude

[14:12] {fernp} in WCRX .21

[14:12] {fernp} .14 stop

[14:12] {nemo} cat

[14:13] {fernp} 1:1 WCRX

[14:18] {magoo} [14:12] {nemo} not lookin' good dude

[14:18] {Threei} he mant to say "not good looking dude" mags

[14:18] {magoo} waiting .40 area

[14:18] {Les} sqnm hod

[14:19] {nemo} where's your stop mags

[14:19] {Threei} HRLY Hires advisor to explore strategic opportunities (update) (14.93, +0.79, 5.59%)

[14:21] {nemo} rimm had a good day

[14:22] {magoo} 33.05.

[14:22] {magoo} flat

[14:23] {magoo} im gonna regrett this exit

[14:23] {Les} GS db?

[14:23] {magoo} .67 probably

[14:25] {Les} aapl momo

[14:25] {magoo} wow, how u like dem dare aapl's

[14:33] {Threei} 49% Support State Lawsuits Against Health Care Plan

[14:34] {magoo} thats because 49% of adult us population is/are lawyers

[14:35] {Threei} A number of states, including Texas, Pennsylvania, Virginia and Washington, have already announced plans to sue the government over what they view as an unconstitutional requirement that every American buy or obtain health insurance.

[14:35] {Threei} Seventy-two percent (72%) of Republicans and 58% of voters not affiliated with either major party favor such lawsuits. Sixty-five percent (65%) of Democrats are opposed.

[14:38] {Threei} RCL Update: Price Target raised to $35 from $30 at BofA/Merrill Lynch, maintains Buy rating (33.12, +1.69, 5.38%)

[14:41] {Threei} US Senator's Schumer and Graham: China remains a currency manipulator

[14:41] {RonS} State suits are a sideshow. This is the crux: http://seekingalpha.com/article/172322-the-fatal-flaw-in-healthcare-reform

[14:41] {Threei} {China} me? me?? You... you.. YOU MANIPULATOR! There!!

[14:42] {RonS} Claude Rains: I am shocked, shocked there is gambling in this establishment!

[14:42] {nemo} Of all the gin joints

[14:43] {RonS} right after..."Here are your winnings from this evening, inspector."

[14:43] {Threei} yeah Ron, I posted simoilar link yesterday

[14:44] {Threei} that's something that can destroy not just new system but old too

[14:44] {RonS} sorry, must have missed it...

[14:44] {RonS} ...yep, I am contemplating this for my own situation...

[14:46] {RonS} ...may be fait accompli as rates skyrocket. I think the upshot of this will be more uninsured. Then will come toatal takeover, which has always been the plan.

[14:47] {Threei} and the way it's going to be justified will be:

[14:47] {dino} ironically, medicare and medicaid are already going bankrupt, lets add another guanteed loser

[14:48] {Threei} see, we told you capitalism doesn't work in health care, and insurance companies are evil; you resisted so we gave them another chance, now they proved it doesn't work, so we are back to publick option

[14:48] {Threei} beauty, politically wise...

[14:48] {RonS} ...and...hey we need a VAT tax to pay for it...

[14:48] {Threei} design a system dead on aiirval, wait till it dioes, use it as a prove you need another

[14:48] {dino} low dollar deductibles/copays will bankrupt this quick. msa was the only reasonable chance to make it work

[14:49] {nemo} yes, but it's a "right" now and people will use as much of anything when it's "free"

[14:50] {dino} thats my point, no skin in the game so they will abuse it

[14:53] {Threei} destroyong it in the process

[14:53] {nemo} that's likely the desired outcome

[14:54] {nemo} the Alinsky model

[15:02] {dino} back in 10

[15:02] {_shorty} So what stock is the one to watch for end of day?

[15:02] {nemo} the one you're not watching

[15:03] {Les} aig closing in on 33

[15:03] {Threei} SQNM, probably

[15:03] {_shorty} that is the truth nemo

[15:03] {nemo} mags, you still in aig?

[15:03] {_shorty} thanks Threei

[15:04] {_shorty} Entry of 6.56 Threei, give or take a penny}

[15:04] {_shorty} ?

[15:05] {Les} sqnm now under 50ma. I'd be happier with pullback to 200ma at .43

[15:05] {nemo} Qs about to break?

[15:05] {Threei} I don't have a setup for it

[15:05] {Threei} just keeping it on radar in case it forms one

[15:06] {_shorty} Thanks. Should be ordering your training vid soon Threei.

[15:06] {Threei} wait, let me erase the one where magoo and I perform rain dance in tutus...

[15:07] {_shorty} Hugh

[15:07] {_shorty} ?

[15:07] {nemo} that was HORRIBLE

[15:07] {Les} I think magoo was kinda cute ;)

[15:08] {_shorty} Why would you do a rain dance when you live in Victoria Threei?

[15:08] {nemo} fas momo

[15:08] {Threei} because we were dead drunk and pretended we lived in Sahara

[15:08] {Les} gs

[15:08] {_shorty} lol

[15:09] {nemo} How's anybody gonna' prove it didn't work?

[15:09] {Les} ask the weather bureau for data

[15:09] {Threei} remember I gave my general market outlook yesterday?

[15:09] {nemo} boy that was out of nowhere

[15:10] {magoo} AIG

[15:10] {nemo} moth brain

[15:10] {magoo} what was it vad?

[15:10] {Threei} http://tradinglog.realitytrader.com/2010/03/mar-22-2010.html

[15:10] {Threei} 12:26

[15:10] {RonS} ...nutshell...blowoff top...

[15:10] {Threei} well... in the future

[15:11] {Threei} for now, slow grind up continues

[15:11] {_shorty} You did call it.

[15:11] {Les} long gs 174 small shares

[15:11] {nemo} how's the shoulder?

[15:11] {Threei} it's far from over

[15:11] {nemo} yeah

[15:12] {magoo} ah..just read it

[15:12] {nemo} quietest 50-70 point days on the DOW

[15:12] {Threei} smell of roasted bear meat will linger for a looong time

[15:12] {_shorty} lol

[15:12] {nemo} I don't like bear meat

[15:12] {nemo} caribou, moose, elk, deer....not bear

[15:12] {_shorty} I wont be here tomorrow, will out of town. I will miss this chat room already.

[15:13] {nemo} ahhh......nevermind

[15:15] {Les} show you really love us shorty and lose the _ from your name

[15:15] {nemo} in your specific case, Les...aren't you asking an awful lot?

[15:16] {_shorty} I will, trust me.

[15:17] {Les} you could be a presidential candidate, with one liners like that

[15:17] {_shorty} It is time for change Les.

[15:17] {Les} see what i mean

[15:17] {_shorty} SQNM up

[15:18] {_shorty} I would give you guys Ralph bucks too

[15:18] {_shorty} I am from Alberta

[15:18] {Les} France?

[15:19] {nemo} too funny, fas hit old support trendline and stopped

[15:22] {nemo} this climb is with the $ up also

[15:23] {nemo} volumes dropped quick on spy and Qs

[15:25] {Les} out GS +.68

[15:25] {nemo} hey fern, faz might be ready

[15:27] {dino} gj les

[15:28] {Les} like Vad said. if we know they're manipulating, ain't no reason we can't profit from it. I wanna thank whoever saw FAS going momo

[15:29] {Les} it's paper only, but today is first time hitting $500

[15:31] {_shorty} SQNM long 6.68

[15:31] {_shorty} Exit at 6.62-.63

[15:31] {nemo} ?

[15:32] {Les} I think shorty means stop

[15:32] {_shorty} Yes my stop, I try to call out my exit plan first.

[15:33] {nemo} re-read your comments

[15:33] {_shorty} I need to work on my profit plan next.

[15:33] {nemo} do you mean your stop was .62-.63?

[15:33] {_shorty} yes

[15:33] {Les} lol, you like to know where the emergency exits are 1st when you get on an aeroplane?

[15:33] {nemo} ahhh

[15:33] {_shorty} sorry for not be specific nemo,

[15:33] {Threei} hard to tell...

[15:34] {Threei} it's a bit too slow and narrow

[15:35] {_shorty} Les, lol I do.

[15:35] {Les} must be just me. eyes on the airhostess and alcohol selection... exits are for ...

[15:35] {_shorty} lol

[15:35] {Les} ... smart people

[15:35] {_shorty} I am already drunk by the time I hit my seat.

[15:35] {Threei} Fed's Yellen: inflation pressures are low and trending downward

[15:36] {Threei} affirms 3.5% GDP growth for 2010; 2011 estimated at near 4%

[15:36] {Threei} - now not the time to tighten rate policy; supportive when it is appropriate

[15:36] {Threei} with comments like this, how can market drop

[15:36] {Les} you're right though, vad has taught me to set stop first. just making some bad comedy...

[15:37] {nemo} also, where else you gonna' put your money? treasuries? real-estate? money market?

[15:37] {Les} strong positive growth, no tightening. sounds good.

[15:37] {_shorty} I like the comedy, no worries Les.

[15:37] {RonS} yellin sends the market screamin' ?

[15:37] {nemo} gag

[15:38] {_shorty} Did I make you gag nemo?

[15:38] {Threei} - balance sheet will be reduced over time; asset sales may come after interest rate hikes

[15:38] {Threei} - not concerned about possible inflation from the deficits

[15:38] {Threei} - labor market is in the process of stabilizing, but concerned about possibility for high unemployment for 'years' with output gap persisting to 2013

[15:39] {nemo} Oh look, another market climb on low volume...what a surprise

[15:40] {Threei} sees year end 2010 unemployment at 9.25%.

[15:40] {Threei} - inflation may fall in 2010 and 2011

[15:40] {nemo} ex food and oil of course

[15:40] {_shorty} Out SQNM

[15:41] {RonS} ...and insurance...and taxes...and...

[15:49] {Threei} PALM lost all tradeability

[15:49] {Threei} I hoped this thing would continue wild price swings

[15:50] {Threei} with its liquidity would be fantastic candidate for large lot trades

[15:50] {Threei} at some point likley to become active of course

[15:51] {nemo} we should clear 11k on the dow sometime this week

[15:51] {Threei} 115 points left

[15:51] {Threei} it's nothing

[15:51] {_shorty} The power went out in my house.

[15:51] {larisa} we will not!

06[15:51] * Threei dusts off DOW 11,000 party hat

[15:52] {nemo} wouldn't doubt tomorrow or Thursday at the latest

[15:52] {Threei} we so will larisa

[15:52] {nemo} more important...DOW 11k Vodka bottle

[15:52] {nemo} full, preferably

[15:54] {Les} alright, sleepy time for me.

[15:54] {Les} good day. ciao

[15:54] {Threei} take care les

[15:54] {_shorty} See you friday Les

[15:54] {dino} cya les

[15:55] {_shorty} Thursday

[15:57] {_shorty} Good night all, and thanks. Talk to you guys on Thursday.

[15:57] {dino} out chk +.10

[15:57] {Threei} take care shorty

[15:57] {nemo} Oh, don't forget, if the IMF (US) ends up bailing out Greece we may see new all time highs on the DOW

[15:57] {dino} cya shorty

[15:57] {_shorty} You as well Threei. Look forward to your course.

[15:57] {Threei} larisa... feeling like a bet?

[15:58] {dino} i'm out until monday all, good luck

[15:58] {Threei} everything's OK dino?

[15:58] {larisa} bye dino :)

[15:58] {dino} ty

[15:58] {dino} yes 3i, golf trip

[15:58] {dino} very good two days

[15:58] {Threei} cool have fun

[15:59] {Threei} Fed releases final rules on gift cards aimed at consumer protection

[15:59] {Threei} - The final rules prohibit dormancy, inactivity, and service fees on gift cards unless: (1) the consumer has not used the certificate or card for at least one year; (2) no more than one such fee is charged per month; and (3) the consumer is given clear and conspicuous disclosures about the fees. Expiration dates for funds underlying gift cards must be at least five years after the date of issuance, or five years after the date when funds were last loaded.

[15:59] {dino} out snda -.35

[16:00] {Threei} XNPT Board approves CEO's request to trim his salary by 15% - filing (13.00, +0.16, 1.25%)

[16:00] {Threei} lol

[16:00] {larisa} bye all

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening

[16:00] {Threei} see you tomorrow

[16:02] {fernp} Good evening everybody. See you all tomorrow

[16:02] {nemo} Noches