Mar 22 2010

Sloooow day with very few but profitable trades. VPHM, CAT, LVS were the stars of the days. If for some odd reason you are interested to see my longer term (beyond next 5 minutes that is) market outlook, go to 12:26

Session Time: Mon Mar 22 00:00:00 2010

[07:54] {ese} back from Italy........am up and on the board

[07:59] {ese} body still running on european time

[08:16] {Threei} welcome back ese

[08:16] {Threei} how was the trip?

[08:22] {ese} hey vad....fabulous

[08:22] {Threei} great to hear

[08:22] {Threei} (CH) China's Premier Wen: China opposes both "trade wars" and "currency wars" - Chinese state TV

[08:22] {Threei} - Comments that foreign countries should not start a trade war.

[08:22] {Threei} - China does not deliberately pursure trade surpluses.

[08:22] {Threei} - China will look to increase imports.

[08:22] {ese} loved rome and lflorence and the food was spectscular

[08:23] {ese} big dn day today looks like

[08:24] {Threei} EU) EU's Almunia: Should not open the door on discussions about countries leaving the Euro Zone

[08:25] {Threei} well, we had another big run,

[08:25] {Threei} then red Friday,

[08:25] {Threei} now health care bill pass over weekend adds to market unease

[08:27] {ese} hmmmmmm

[08:40] {Threei} GR) Greek Deputy PM: Germany allows its banks to speculate against Greece

[08:41] {Threei} why shouldn't they, and why should Germany intrude in this

[08:43] {ese} good question........

[08:44] {Threei} one curous thing happend ese, don't thing I've ever seen this before

[08:44] {ese} I don't totally understand how the eu and the euro work but maybe they have a right to because they are all on the same curency

[08:44] {Threei} PALM got target 0

[08:44] {ese} huh!!

[08:44] {Threei} yup :)

[08:45] {ese} the stock is tanking for sure........

[08:45] {ese} whats up.......they just can't compete

[08:46] {Threei} that's the gist of it

[08:47] {ese} just looking at that ....canacord ...sell rating...target 0....hmmmm how bout that....i've never seent that either

[08:47] {ese} bold statement

[08:47] {Threei} yeah

[08:47] {Threei} take a look at one of the plays in it on Fri

[08:47] {Threei} http://caracommunity.com/sites/default/files/PALM_short_scalp_type_I.jpg

[08:48] {Threei} SS means sold short

[08:49] {Threei} was a lucrative hold overnight, 5K would practically end the day... but who needs to wake up and finds out that Cannacord said "oops, typo, sorrry, that was 10"

[08:49] {ese} no kidding.......and that has happened

[08:56] {Les} morning all

[08:57] {Les} U back already ese?

[08:57] {ese} les

[08:57] {ese} yup.....made it to Lake Como for a beer but you wern't there

[08:57] {Threei} les :)

[08:57] {Les} cool. how many weeks was that?

[08:57] {Threei} EUR/USD Euro hits session lows of 1.3480 following comments from Greek Deputy PM - dealers

[08:57] {ese} 2

[08:58] {Les} enjoy yourselves?

[08:58] {ese} fabulous......want to go back in the summer

[08:59] {ese} didn't like Naples though........roughist looking place on the planet i think

[08:59] {Les} Ah, there I can join you. we are in south Tuscanny during July

[08:59] {Les} Napoli fantastico!

[08:59] {ese} really?

[09:02] {ese} wern't there very long....just passing through on our way to Pompei to see those ruins

[09:05] {nemo} dude

[09:05] {nemo} Hey swissy!

[09:05] {ese} dude......i'm back

[09:06] {nemo} Back in the Vancouver groove!

[09:06] {ese} will be soon......body is still on european time

[09:07] {Les} why don't you just call me wussy and save yourself the intellectual effort Nemo....

[09:07] {ese} lol

[09:08] {nemo} no effort on my part...comes naturally

[09:16] {dino} gm all

[09:16] {Threei} dino :)

[09:16] {Les} hey dino

[09:16] {Threei} dino, you'll like this:

[09:16] {Threei} EU) EU's Almunia: Should not open the door on discussions about countries leaving the Euro Zone

[09:17] {Threei} and

[09:17] {Threei} GR) Greek Deputy PM: Germany allows its banks to speculate against Greece

[09:17] {larisa} gm :)

[09:17] {Threei} larisa :)

[09:17] {dino} lol 3i, we called it

[09:17] {Threei} the best part is still ahead, I think

[09:18] {Les} hey Larisa

[09:18] {Threei} I like this last one

[09:18] {larisa} :)

[09:18] {Threei} maaa, he calls me names

[09:20] {dino} thinking is germany will speculate against greece, no way they will loan them $

[09:20] {Les} dog eats dog in Euro land

[09:24] {dino} woof

[09:27] {Threei} oh god

[09:27] {Threei} http://tinyurl.com/yzu5ohc

[09:27] {Threei} for when you have time

[09:28] {Les} lol, Obama really will go down in history if that should be the case

[09:28] {Threei} I don't see how it can be prevented

[09:28] {Les} I'd love to avoid pay $600 a month for the family

[09:29] {Threei} other than setting fines at the level of insurance cost

[09:30] {Les} which one would logically assume

[09:30] {Les} PALM support .71

[09:31] {dino} when i was in insurance, saw that happen all the time w/pregnant women. no cov. get preg., get cov, have baby drop coverage

[09:31] {Threei} Short Setup: WFC 30.05 break

[09:31] {dino} hmos took a beating on this

[09:31] {Threei} if stays under .15

[09:32] {fernp} Good morning everybody

[09:32] {Threei} fern :)

[09:33] {Threei} PALM AT&T adds Palm Pre and Pixi smart phones to store offerings, to operate on AT&T's 3G network

[09:33] {Threei} - AT&T also will soon unveil an Android-based smartphone the Dell Aero. This will be Dell's first smartphone available in the U.S., and will feature a user interface developed by Dell and AT&T.

[09:33] {Threei} - Palm Pre Plus will be available at $149.99 and the Palm Pixi Plus will cost $49.99, both after a two year contract and mail-in-rebate.

[09:35] {Threei} bounces are taken as sell opportunity so far in PALM

[09:36] {ese} L gild .97

[09:37] {ese} stop .85

[09:38] {ese} thought for a second there i was bull trapped

[09:39] {Threei} VPHM

[09:39] {Threei} looking for long entry on pullback to about .95

[09:39] {Threei} or consolidation and break if mareket strength continues

[09:41] {Les} somx

[09:41] {Threei} no fresh news

[09:42] {Threei} Long Setup: VPHM .10

[09:42] {Threei} still prefer a pullback...

[09:42] {Threei} but doesn't seem to be happening

[09:42] {Threei} stop for scalpers under 14

[09:42] {Threei} for daytraders .95

[09:43] {Threei} should be capable of more than scalp

[09:44] {ese} stop to break even .97 gild

[09:44] {Threei} SOMX selloff

[09:45] {Les} can't short it

[09:45] {Les} airlines at it again

[09:45] {_shorty} Good morning

[09:45] {Les} hi shorty

[09:45] {Threei} shorty :)

[09:45] {_shorty} Hello Les

[09:46] {_shorty} Hello Threei

[09:46] {Les} PALM

[09:46] {Threei} short squeeze PALM

[09:46] {dino} dsw sm a .63

[09:47] {dino} long

[09:48] {ese} out .01 +.04

[09:48] {jfjf64} mornin

[09:48] {Threei} jf :)

[09:49] {_shorty} Going short PALM...maybe

[09:50] {_shorty} Short 3.93

[09:50] {nemo} almost 1:1 on vphm..move stop to b/e?

[09:51] {Threei} .05 I'd prefer

[09:51] {jfjf64} uaua

[09:52] {jfjf64} .15

[09:52] {_shorty} Out palm -6

[09:52] {Threei} good stop

[09:52] {_shorty} Practicing Threei. Thanks

[09:54] {nemo} huge reserve shares vphm

[09:54] {Threei} grrr JAZZ

[09:54] {_shorty} You are long vphm nemo?

[09:54] {nemo} yeah

[09:54] {Threei} finished so weak, and started questionably today

[09:55] {Threei} decided to abandon it

[09:55] {nemo} broke .15

[09:55] {nemo} Howard Cosell of stock following

[09:58] {Threei} good one on UAUA, jf

[09:58] {jfjf64} ty pal

[09:59] {Threei} BRCD Hearing takeover chatter circulating (5.83, +0.17, 3.00%)

[10:00] {jfjf64} cat short

[10:00] {jfjf64} any read vad

[10:00] {ese} l stx .26

[10:01] {jfjf64} thnkin 59.30

[10:01] {Threei} I'd like to see one more bounce first,

[10:01] {Threei} lower high

[10:01] {Threei} then breakdown

[10:01] {Threei} as it is, it simply goes with market, with no setup on its own

[10:02] {ese} out .30 +.04

[10:03] {Threei} see how it willingly snaps back with any market uptick?

[10:03] {Threei} not making new high though

[10:03] {magoo} morning

[10:03] {Threei} so, short material, yes

[10:04] {Threei} mags :)

[10:04] {Threei} (EU) Juncker: Greece will not be abandoned by the EU

[10:05] {magoo} greece is "to big to fail?"

[10:05] {Threei} Eu will make "all technical instruments" available to Greece

[10:06] {Les} 20'000 hot air bureaucrats. not sure that's what greece had in mind

[10:07] {nemo} motivate vphm please vad

06[10:07] * Threei kicks VPHM in the rear

[10:07] {Threei} like this?

[10:07] {Les} 50 ma coming up fast on VPHM. hopefully some support for push higher

[10:07] {nemo} it's already at r3 for the day

[10:08] {Threei} bidder at .10 tries too

[10:08] {_shorty} What is r3 nemo?

[10:10] {Les} http://uploads.mibbit.com/nxNlRC.gif

[10:10] {Les} screenshot shorty

[10:10] {nemo} pivot point resistance level...most stocks, probability wise, will not clear above R3, or below S3 (support) in a given day

[10:10] {Threei} PALM Hearing MKM Partners making positive comments (timing uncertain) (3.95, -0.05, -1.25%)

[10:10] {_shorty} Thanks a lot LEs

[10:11] {Threei} VPHM over 1:1 for scalpers

[10:11] {nemo} ty

[10:11] {Threei} bidder is chasing it

[10:11] {nemo} ohh look at that .20 bid

[10:11] {Les} .99 cat b/d?

[10:11] {Threei} same guy that was at .10 I'd think nemo

[10:11] {_shorty} Scalped 4 cents on VPHM

[10:11] {Threei} real too

[10:11] {Threei} 4 cents?

[10:11] {nemo} oh oh

[10:12] {_shorty} Had it at 14.17, sold 14.21.

[10:12] {Threei} ok, ere comes major contention:

[10:12] {Threei} GE) German Foreign Min: In regards to Greece, the German gov most look out for domestic tax payers

[10:12] {_shorty} Bad entry Threei on my part.

[10:13] {Les} s CAT .96

[10:13] {nemo} wish the US would look out for taxpayers

[10:13] {Threei} thank you shorty

[10:13] {Threei} for saying it yourself so I don't have to :)

[10:13] {Threei} not that I'd hesitate

[10:13] {_shorty} lol.

[10:13] {nemo} jeez vad, usually you're busting me about being nice to newbies

[10:13] {_shorty} Had to get out, and focus again.

[10:14] {nemo} paxil works

[10:14] {Threei} think about why nemo

[10:14] {nemo} I know

[10:14] {Threei} it's simple:

[10:14] {_shorty} I am a non paying newbie, that is why he is nice. Next week will be diferent if I pay up.

[10:14] {nemo} your chin stuck out a bit

[10:14] {Les} sharp thinking shorty

[10:14] {Les} didn't think of that

[10:14] {Threei} if you are not nice, you kind of crowd me out

[10:14] {nemo} Pay for abuse...we humans are weird

[10:15] {Threei} not really how it works shorty...

[10:15] {_shorty} Kidding.

[10:15] {Threei} we are moved by two motives

[10:15] {Threei} one: whatever helps you become better trader

[10:15] {Threei} another: we enjoy exchanging insults

[10:15] {_shorty} lol

[10:15] {Threei} :)

[10:15] {_shorty} I have a good sense of humor guys.

[10:16] {nemo} market actually pretty strong after passing Obamacare

[10:16] {nemo} we'll be the judge of that

[10:16] {Threei} that's encouraging

[10:16] {Threei} it's one of prerequistis for good trading

[10:16] {Threei} only spelled better

[10:17] {Threei} nemo, IMO:

[10:17] {nemo} stop to .15 on VPHM

[10:17] {nemo} ?

[10:17] {Threei} market has very vague idea at this point how to take health care bill

[10:17] {Threei} implications are so huge and many of them ar distant

[10:17] {nemo} yeah, they don't know what's in it either

[10:17] {Threei} marlrt kind of dismissed it for now

[10:17] {Threei} and decided to react as we go

[10:17] {magoo} [10:16] {_shorty} I have a good sense of humor guys.

[10:18] {nemo} [10:16] {nemo} we'll be the judge of that

[10:18] {Threei} VPHM, two ways to handle stop from here

[10:18] {Threei} to under .10 for sure,

[10:18] {magoo} u ne4ed it beingof such a height challengred stature

[10:18] {Threei} lol

[10:18] {nemo} I think Magoo is completely back from hiatus

[10:18] {Threei} another if you are very stingy is under .15, not my favorite but...

[10:19] {Les} cat not giving up without fight

[10:19] {Threei} you chase it too far down Ls, that's why it's so tough here

[10:19] {Threei} jf had better idea

[10:20] {Threei} CTIB, what the deuce

[10:21] {Threei} non-existant volume kept me back 20 cents earlier

[10:21] {Les} stopped cat

[10:24] {Threei} Long Setup: HIG .51

[10:24] {Threei} scalp type I

[10:24] {magoo} sorry but HUH?

[10:24] {fernp} 40 or .45, Vad?

06[10:24] * Threei slaps magoo around a bit with a large scalping course

[10:25] {Threei} .45 for type I

[10:25] {fernp} ok

[10:25] {Threei} .40 for type II

[10:25] {Threei} depending on market behavior capable of both

[10:25] {magoo} type 1? big shares, scalp-a-roo

[10:26] {Threei} yes

[10:26] {magoo} ty

[10:26] {magoo} i must have blown out thiose brain cells this weekend

[10:26] {Threei} scotch? vodka? brandy?

[10:26] {nemo} stand up so you're not putting so much pressure on them Mags

[10:26] {magoo} vodka

[10:26] {Les} palm spiked on vol.

[10:26] {Threei} lol

[10:27] {Threei} ugh... thought of .98 PALM long

[10:27] {Les} i got rinsed

[10:27] {Threei} was hesitant... too bad

[10:28] {Threei} on what Les?

[10:28] {Les} .89 at 10:07 PALM

[10:28] {Les} long .01. stop .90

[10:29] {Threei} don't like that HIG didn't break with market

[10:29] {Threei} let's trail to .48

[10:29] {Threei} extra-stingy

[10:29] {nemo} neither did vphm

[10:30] {Threei} VPHM is a bit different

[10:30] {Threei} I am less concerned about it

[10:30] {Threei} it kind of marches on its own beat, and we have protected profit here

[10:36] {jfjf64} uaua

[10:39] {magoo} LVS vad...strong

[10:40] {Threei} (GR) Belgian Fin Min Reynders: would not object to the ECB or IMF participating in aid to Greece

[10:40] {Threei} - notes Germany's objections to guarantees for Greek debt (related EUR/USD )

[10:40] {Threei} I am not confident in market continuing uptrend here mags,

[10:41] {Threei} and lVS doesn't really go against it

[10:41] {Threei} not today

[10:41] {Threei} Market Internals update at 10:30ET

[10:41] {Threei} - NYSE volume 230M shares, about 5% below its three-month average; advancers lead decliners by 1.3:1.

[10:41] {Threei} - NASDAQ volume 565M shares, about 12% above its three-month average; decliners lead advancers by 1.1:1.

[10:41] {Threei} - VIX index 4.2% to 17.74

[10:43] {ese} L pbr .52

[10:44] {ese} out .55 +.03

[10:44] {ese} ust picking away little by little....gotta get the hang of this again

[10:45] {nemo} duh...looked away and vphm drops through my stop

[10:47] {Les} alright, time to short

[10:47] {Threei} why?

[10:47] {Threei} I am not objecting

[10:47] {Threei} just trying to see the reasoning

[10:47] {Les} cause my longs ain't working

[10:47] {Threei} are shorts?

[10:48] {Les} somx would've been nice...

[10:48] {Threei} CAT new high

[10:48] {Threei} VPHM back to high

[10:48] {_shorty} Short PALM 4.14..

[10:49] {_shorty} my exit will 4.19

[10:51] {Threei} VPHM 1:1 for day traders

[10:52] {Threei} those wjo play it by the book, half out here

[10:52] {Threei} offer 1/5 more above .40

[10:52] {Threei} 1/4

[10:52] {Threei} (US) Florida AG plans suit against federal healthcare reform bill

[10:52] {Threei} - joins seven other states including Virginia, Idaho (related IYH )

[10:54] {Threei} one thing I predicted spot on: the divisiveness of this administration will make W look like a dove of peace

[10:54] {_shorty} out PALM -5. This is where I should have shorted.

[10:56] {Threei} while market decides what to do next,

[10:56] {Threei} http://photography.realitytrader.com/2010/03/things-you-meet-when-go-for-walk.html

[10:57] {Les} all on the island?

[10:57] {Threei} all within city limits

[10:58] {Les} who needs Andes or Himalayas for exotic holiday?

[10:59] {Les} weakness in PM's - gld, auy, slw

[11:00] {jfjf64} lvs 5 min

[11:00] {_shorty} That is some beautiful pictures Threei

[11:01] {Threei} ty

[11:01] {Threei} dino

[11:01] {Threei} GR) EU's Juncker: Greece is not on the verge of bankruptcy

[11:01] {_shorty} Maybe not Greece, but I am.

[11:01] {Threei} {LEH} we do not need to raise any more capital

[11:01] {dino} lol shorty

[11:02] {dino} bear sterns, liquidity is not an issue

[11:02] {_shorty} I am a sucker for PALM. I shorted 4.16 exit 4.21

[11:02] {dino} chk l .51

[11:02] {Threei} why do you insist on trading against trend?

[11:03] {nemo} Love those mongolian babes

[11:03] {Threei} back away a bit, look at the 1 min chart

[11:03] {Threei} does it look like downtrend to you?

[11:03] {dino} hod's

[11:03] {_shorty} No

[11:04] {_shorty} It looks like it is having a hard time hiting it's high.

[11:04] {_shorty} Stay away,

[11:05] {dino} wfc l .50

[11:05] {nemo} plam actually looks long

[11:06] {nemo} palm

[11:06] {_shorty} You guys are right.

[11:06] {Threei} maybe not long here... went up quite a bit already

[11:06] {nemo} riding the trendline

[11:06] {Threei} but it's bouncing and squezing

[11:07] {nemo} actually looking like the indices since 9:45

[11:08] {_shorty} CTEL, thougts?

[11:09] {_shorty} Spread might be a bit to high

[11:09] {Threei} CTEL is one of those that climb slowly without giving setup for entry

[11:10] {_shorty} OK Threei. Thnks

[11:11] {nemo} LVS Vad, BA also

[11:11] {_shorty} CIEN, looking at too.

[11:12] {Les} AIG .55 b/d?

[11:13] {Threei} CIEN actually may be a setiup for a scalp on .80 break

[11:14] {Threei} AIG, don't know... toughie

[11:14] {_shorty} Might risk 5 cents on CIEN.

[11:15] {_shorty} Like you said, breakout on .80

[11:15] {nemo} 200 ma at .85 on cien

[11:16] {_shorty} In at 14.81

[11:17] {_shorty} CIEN

[11:17] {nemo} cien

[11:17] {Les} looking for .50 b/d now CAT.

[11:17] {Les} l CIEN .81

[11:18] {Threei} 1: 1 CIEN

[11:18] {_shorty} Let's do this Les!

[11:18] {Threei} nice and easy

[11:18] {Les} done ty. my faith in the world is restored;)

[11:18] {_shorty} I have no idea what 1:1 is Threei.

[11:19] {Threei} power of being with trend and having setup

[11:19] {Threei} it's risk reward ratio, shorty

[11:19] {Threei} your risk was 45 cent

[11:19] {Threei} 5 cents

[11:19] {_shorty} Ahhhhh!

[11:19] {Threei} at 5 cents profit you have 1:1

[11:19] {Threei} and most scalps tend to reverse around that

[11:19] {nemo} btw shorty, the closer you get to lunch, the better it is to play scalps

[11:19] {Threei} so if you go for opure scalping this is area where you look for exit

[11:20] {Les} CAT now vad?

[11:20] {Threei} with daytrades, those areas are where you look to partial out and trail stop

[11:20] {_shorty} O good exit is here on CIEN?

[11:20] {Threei} can't tell Les

[11:21] {Threei} shorty, you went over educational blog on RT site?

[11:21] {_shorty} I took my profit on CIEN guys.

[11:21] {Les} s CAT .48

[11:21] {Threei} if you had scalp in mind,. that's a good spot for exiting CIEN

[11:21] {nemo} LVS breaking

[11:22] {Threei} if you have reasons to believe it's going higher and weant to give it a chance, tyou sell half and trail stop to b/e

[11:22] {_shorty} Threei I did, but a month bach though. You were in the Bahamas having the worst time of your life. I will re read it tonight.

[11:23] {Threei} yeah, that was hrrible

[11:23] {Threei} beach, sand, palm trees, warm ocean... yeecch

[11:23] {_shorty} Do you have lots of pics from your trip?

[11:23] {Threei} some ar on photoblog

[11:23] {Threei} slideshow of the conference will be ready soon, I'll post a link

[11:23] {_shorty} I love the beach, I surf in San Diego once a year.

[11:25] {nemo} kinda' looking like Friday was Op Ex head fake

[11:25] {jfjf64} lvs boys any takers

[11:26] {nemo} looked away

[11:26] {jfjf64} in.25

[11:26] {nemo} nice

[11:26] {jfjf64} half

[11:26] {nemo} still nice

[11:26] {jfjf64} stop .35

[11:26] {nemo} next support is .28

[11:27] {_shorty} I will stay away from LVS for now.

[11:27] {jfjf64} thx shorty

[11:28] {jfjf64} stop .40

[11:28] {_shorty} Nice jfj64.

[11:28] {jfjf64} thx shorty

[11:29] {_shorty} I like how you called out your trailing stop. I need to work on that.

[11:29] {Les} CIEN for another b/o?

[11:29] {Les} .95?

[11:29] {jfjf64} read

[11:29] {dino} gj jf

[11:29] {dino} rino l .00

[11:30] {dino} hl

[11:30] {jfjf64} vad has great readin material on that

[11:30] {Les} or hod .97?

[11:30] {jfjf64} ty dino

[11:30] {_shorty} I was blown away by his story.

[11:31] {_shorty} CIEN at support now?

[11:31] {Threei} (US) Treasury Sec Geithner: US economy will create jobs, govt's role is to promote private sector growth (related EUR/USD TLT SHY )

[11:31] {fernp} SDS .40 break?

[11:31] {nemo} I guess that's why they nationalized healthcare then

[11:31] {Threei} lol

[11:31] {nemo} long fern?

[11:31] {Threei} not sure fern. market weaknes

[11:31] {jfjf64} his strong suite is his photography

[11:31] {fernp} yes

[11:32] {fernp} stop under .34

[11:32] {Threei} lol jf

[11:32] {nemo} then it would be correct Vad

[11:32] {dino} that statement is the ultimate contradiction, 1st the banks, autos, nopw healthcare

[11:32] {nemo} He writes great fiction shorty

[11:32] {jfjf64} lol

[11:32] {_shorty} lol

[11:32] {Threei} ok, being abused about twice vs norm today, I retire starting 11:36

[11:33] {Les} yeh dino orwell would be proud. double speak at its finest

[11:33] {_shorty} Why 11.36?

[11:34] {Threei} arbotrary deadline

[11:34] {Les} out aig +.11

[11:34] {_shorty} CIEN shaking people out?

[11:34] {fernp} [16:31] {&Threei} not sure fern. market weaknes

[11:34] {fernp} lol

[11:34] {Threei} allows me to feel a freedom of deciding what I do and when

[11:34] {_shorty} lol

[11:35] {Les} HIG back to yesterdays close

[11:36] {Les} CAT bouncing of yesterdays close

[11:36] {nemo} 11:36 Vad, you'll have to ask Obama first...

[11:36] {Threei} nope

[11:37] {Threei} I am Canadian

[11:37] {nemo} yeah, but you trade US markets

[11:37] {_shorty} And spends his profits in Canada

[11:37] {nemo} the nerve

[11:41] {Threei} Long Setup: CAT .50 break

[11:41] {Les} fcx breaking its uptrend

[11:43] {Les} palm at 4

[11:44] {_shorty} I think I am done with PALM for the day.

[11:45] {fernp} .37 stop, Vad?

[11:45] {Threei} I'd keep it under the low of this pullback,

[11:45] {Threei} and invalidate under .40

[11:45] {fernp} ok

[11:46] {Threei} (RU) Russian Dep Econ Min: Feb GDP +3.9% y/y v +5.2% y/y in Jan

[11:46] {Threei} street protests in Russia over last weekend

[11:46] {Threei} 1:1 CAT

[11:47] {jfjf64} ty vad

[11:47] {Threei} sure thing

[11:48] {Threei} love'em when they are so easy

[11:48] {jfjf64} lvs grrrrrrrrrrrrrrrr

[11:48] {nemo} whoa tivo

[11:49] {_shorty} TIVO kicking it again?

[11:49] {Threei} I don't see any fresh news

[11:49] {Threei} US) Financial reform bill will be voted out of committee today and sent to the full Senate, without consideration of amendments - CNBC

[11:52] {_shorty} Les, still in CIEN?

[11:53] {Les} nyet

[11:53] {_shorty} In at 14.89

[11:54] {Les} ah its back to b/o potential again. Vad?

[11:54] {Les} too late

[11:54] {Threei} yes

[11:56] {Threei} sorry for late answer but I am retired for the last 18 minutes... we pensioers are a little slow

[11:56] {Les} oh get back in your box

[11:56] {_shorty} lol

[11:56] {Les} back to your cave, and your navel gazing

[11:56] {Threei} happily

[11:57] {nemo} o.k lunchtime

[11:57] {Threei} CTIB... look at today's chart

[11:57] {nemo} dino stock

[11:57] {larisa} no, ese bought it once.

[11:57] {nemo} up alot already, but lvs breaks .95 on volume...

[11:58] {dino} not really my style, like $5+

[11:58] {nemo} volume wise though

[11:58] {dino} of course

[11:59] {nemo} faz

[11:59] {nemo} sorry

[12:01] {_shorty} out CIEN 15.01

[12:01] {ese} L seed .08

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

[12:06] {Threei} - NYSE volume 385M shares, about 10% below its three-month average; advancers lead decliners by 1.5:1.

[12:06] {Threei} - NASDAQ volume 1.02B shares, about 8% above its three-month average; advancers lead decliners by 1.3:1.

[12:08] {ese} just lookin for an excuse this one

[12:08] {ese} seed that is

[12:08] {nemo} tivo break of .35 on volume for scalp?

[12:08] {Threei} it needs to take .10 ese

[12:09] {ese} agreed

[12:10] {ese} i have an aggressive entry for sure

[12:10] {Threei} ECB's Trichet: only way to give aid to Greece is through conditional loan, not a subsidy - Q&A (related EUR/USD )

[12:11] {Les} fcx nearly green

[12:12] {Les} palm squeeze

[12:16] {nemo} mmmhhhh...is fas setting up one helluva' bull flag

[12:16] {nemo} 92.34 was Friday close

[12:18] {Threei} (EU) ECB's Trichet: The only way to give aid to Greece is through conditional loan, not a subsidy; loan should only be given in extraordinary circumsances - Q&A

[12:18] {Threei} - will look at collateral issue again if assumptions appear to be overly optimistic

[12:18] {Threei} - Reiterates that it would be absurd for any Euro Zone member to leave the EMU; Euro Zone members have a "common destiny."

[12:18] {Threei} - Notes Germany and some other countries helped keep euro-area inflation low.

[12:22] {nemo} fcx ascending triangle

[12:22] {nemo} stop too wide for my liking though

[12:26] {Threei} market is frozen solid

[12:26] {Threei} and you know when we used to see this pattern almost every day}

[12:26] {Threei} during this relentless untyrend

[12:26] {Threei} uptrend

[12:27] {Threei} there is a very good chance, IMO, that this endless grind up resumes

[12:27] {nemo} it would piss off the most people...makes sense

[12:27] {Threei} every red day, as few as we had them, gives so much hope to bears,

[12:27] {Threei} you can hear these screams from everywhere "ah it's over, market reverses"

[12:27] {Threei} can't be that easy and that obvious

[12:28] {Threei} not util they give up

[12:28] {Threei} and accept that any pullback is nothing more than pullback to go long on

[12:28] {Threei} that's when they will cover last shoprts, if any left,

[12:28] {Threei} hit buy buttons no matter what the price

[12:29] {Threei} cause market to spike uncotrollably

[12:29] {Threei} and that will be the end of it

[12:31] {ese} l seed avg still .08

[12:32] {dino} thinking, which i should not, that sense nothing really starts kicking in until next year+, for now healthcare on markets is non-issue

[12:32] {dino} next year tho, is another story

[12:33] {Threei} true

[12:33] {Threei} and it's too far away to guess now what exactly impact is going to be

[12:33] {dino} well, next year anybody making over 200k gets a 30% tax increase

[12:33] {Threei} so market kind of put it in a long drawer

[12:33] {Threei} as thing to worry about later

[12:33] {Les} anyone catch fcx?. taxi time, back later

[12:33] {dino} agreed

[12:35] {_shorty} CIEN is good to me today.

[12:36] {Threei} I really don't like these games on SEED

[12:36] {Threei} see this bid .07 and offer .12?

[12:37] {Threei} .14 now

[12:37] {_shorty} What are you looking at Threei?

[12:37] {Threei} level 2 SEED

[12:38] {_shorty} The MM?

[12:38] {Threei} someone is trying to flash hige bids and offers at various levels

[12:38] {dino} oh, sorry about that

[12:38] {Threei} ok... sin no more

[12:39] {_shorty} I see that in other stocks too. Flash, and disapear as quickly as it came. Someone is bored and p-laying games?

[12:39] {Threei} .16 now

[12:40] {Threei} not ncessary bored,

[12:40] {Threei} trying to cause certain reaction

[12:40] {_shorty} Cool, thanks Threei.

[12:40] {Threei} someone needs scalping course

[12:40] {_shorty} I saw it at 10.09

[12:40] {_shorty} lol

[12:40] {Threei} yes, right now

[12:41] {Threei} .09

[12:41] {Threei} off

[12:41] {Threei} .16 now

[12:41] {ese} i've been watching that too vad.....can't figure out what going on

[12:41] {Threei} see?

[12:41] {_shorty} Wow on the island too

[12:41] {Threei} EDGX .09 bid

[12:42] {Threei} .07 now

[12:42] {nemo} look at .07

[12:42] {Threei} my guess:

[12:42] {_shorty} I do see a scalping course in the future Threei. Need to run it by my wife.

[12:42] {Threei} someone is trying to microscalp it,

[12:43] {Threei} so he is putting offer in,

[12:43] {Threei} flashes huge bids trying to provoke buying,

[12:43] {Threei} when succeeds in selling enough, he puts bid in to cover and starts flashing huge offers, scaring players into selling

[12:44] {_shorty} That is awesome.

[12:44] {_shorty} CIEN back at resistance

[12:45] {ese} i'll say......wish I could do it

[12:45] {Threei} commercial time:

[12:45] {Threei} that, and more, in our awesome unique scalping video course!

[12:45] {Threei} commercial off

[12:45] {_shorty} lol

[12:45] {nemo} when do you turn the sarcasm off...lari

[12:45] {nemo} will get pissed

[12:45] {_shorty} Rich Vad poor Vad

[12:47] {ese} thing about seed though is that it can shoot up or dn 30cents or more in a heart beat and whoever is doing that scalping on seed is gonna get burned seriously

[12:49] {nemo} Qs at the high again

[12:50] {Threei} (US) Special master on bank pay Feinberg: will review compensation for top 25 executives at Wall Street banks - WSJ

[12:50] {Threei} - "Pay Tsar" says rules do not allow clawbacks but may seek to renegotiate payments found to not be in the public interest.

[12:51] {Threei} public interest eh

[12:51] {dino} wow, i cannot believe i am reading this junk

[12:51] {Threei} sorry, my fault

[12:51] {Threei} I am posting it {G}

[12:52] {dino} atlas must be shrugging

[12:53] {_shorty} Threei, what time does the chat get started in the morning?

[12:53] {Threei} about an hour or so before market opening

[12:53] {_shorty} Thanks.

[12:53] {Threei} depends on insomnia

[12:54] {_shorty} lol

[12:54] {Threei} and of course on amount of hard liquor consumed the day before

06[12:54] * Threei slants at nemo

[12:54] {_shorty} That is why SOMX jumped Threei, FDA approved insomnia drug

[12:55] {Threei} march 18

[12:56] {_shorty} Loss of $100 trading it that day. Was way out of my league

[12:57] {Threei} momo... requires specific skills

06[12:57] * Threei slants at magoo

[12:57] {_shorty} momo

[12:57] {_shorty} ?

[12:57] {Threei} momentum stock

[12:57] {_shorty} Thanks

[12:58] {Threei} call it loco

[12:58] {Threei} good mix of locomotive and crazy

06[12:58] * Threei slants at fern

[12:58] {_shorty} I think I lost it in about 10 seconds. loco, I like that.

[12:59] {_shorty} It was Thursday that I traded it, looked at it on Friday crying

[13:04] {Threei} EHTH

[13:04] {Threei} eHealth Inc James Altucher, writing in WSJ blog, names EHTH as "perhaps the strongest beneficiary of health-care overhaul"

[13:04] {Threei} - expects EHTH, which sells insurance via the internet, to benefit from the online exchange concept.

[13:04] {Threei} - also metions QSII and MDRX which have electronic medical records and patient scheduling systems.

[13:04] {Threei} why isn't it moving then

[13:05] {RonS} ...has been pumped for months...

[13:05] {fernp} loco is crazy, mad or insane (take the one you like best, Vad) lol

[13:05] {RonS} loco en la cabeza

[13:06] {nemo} well, where else in the body would you be crazy ron?

[13:08] {RonS} loco en la pelosi

[13:08] {ese} well we gotta some ah new ah people ah to da board eh........ron and shorty.....cool

[13:09] {patience} Ese, you're back!

[13:09] {RonS} shoot ese, I showed up the day you left...am an oldtimer with all that les and nemo has said...

[13:09] {_shorty} Hello

[13:10] {ese} yes indeed i am........

[13:10] {Threei} yes fer, that's why I squinted at you when said that.. I knew it was Spanish :)

[13:11] {ese} howdy boyza.....welcome to the crazy world of vad's reality trader

[13:11] {fernp} :-)

[13:11] {_shorty} Crazy? I will fit right in.

[13:11] {ese} if indeed you are.....perfect!

[13:11] {dino} more like a jungle

[13:12] {ese} " in the jungle the mighty jungle"" the lion doesn't sleep at all"

[13:12] {ese} all together now!!!!!!! In the jungle............

[13:12] {_shorty} I am donig the harmonies

[13:13] {dino} lol, i was more on the guns and roses, "welcome to the jungle"

[13:14] {RonS} exactly dino...scrubbed from youtube or I would post

[13:15] {dino} :)

[13:19] {nemo} or, the asylum...

[13:24] {RonS} dino, what do you think of dan?

[13:25] {nemo} who?

[13:25] {RonS} chart it

[13:26] {ese} well all.....gotta go. been away too long and too mqny things to do...will hold seed to the end of the day....cya

[13:28] {Threei} take careese

[13:29] {fernp} bye ese

[13:29] {dino} dan, not much really, .35 support

[13:29] {dino} cya es

[13:30] {Threei} Short Setup: LVS .75

[13:31] {RonS} SAM frosty

[13:31] {Threei} top of this bounce is a stop, and invalidation is above .85

[13:32] {nemo} got high volume into that red candle drop

[13:32] {nemo} those two long candles near noon might provide support

[13:35] {Threei} with any market help should go closer to .50

[13:35] {nemo} look at that bid at .75

[13:35] {Threei} doesn't matter at all

[13:35] {Threei} thick stock, this kind of orders do not really stand out

[13:36] {nemo} oh yeah, almost 46 million

[13:36] {nemo} nevermind

[13:36] {_shorty} What about UBSS bid at 20.75

[13:36] {Threei} that's what we just discussed

[13:37] {nemo} gotta' do it...

06[13:37] * nemo slaps _shorty around a bit with a large trout

[13:37] {_shorty} I like trout

06[13:37] * nemo slaps _shorty around a bit with a large snapping turtle

[13:38] {_shorty} Why would that not matter if it's the MM?

[13:39] {nemo} large order, but relative to the total volume today, not that big an order

[13:39] {Threei} lost me shorty

[13:39] {Threei} what do you mean MM?

[13:39] {_shorty} Market Maker

[13:39] {Threei} who are all the others then?

[13:39] {Threei} I kow what it means

[13:39] {_shorty} But isn't he the biggest player for LVS?

[13:39] {Threei} why do you think UBSS is more important than any other?

[13:40] {Threei} what makes you think so?

[13:40] {Threei} what about BOSX for instance?

[13:41] {_shorty} He is top 3 of amount of volume amongst the MM

[13:41] {Threei} or anyone who is hiding behind any of ECNs?

[13:41] {_shorty} Thanks for discussing with me guys. Learning a lot already.

[13:41] {Threei} look at Level 2

[13:42] {Threei} INET

[13:42] {Threei} ARCA

[13:42] {Threei} NSSX

[13:42] {Threei} CINN

[13:42] {_shorty} True.

[13:42] {Threei} who are all these guys?

[13:42] {Threei} it's an ECN,

[13:42] {Threei} it gives anonimity to a player

[13:42] {_shorty} I see what you are saying.

[13:42] {Threei} when you see UBSS at the bid with 1 trillion shares,

[13:43] {_shorty} Grain of sand on the beach

[13:43] {Threei} how do you know that same UBSS is not sitting at the offer hiding behind INET, with 1 million shares hidden behind reserve

[13:43] {nemo} no...1 trillion would be a big deal

[13:43] {_shorty} I don't know.

[13:43] {Threei} and merrily selling to everyone who thinks Wow, UBSS want a lot, I better try and get in front of him

[13:44] {nemo} shorty, in LASER software you can pick among a dozen or more different ecns to buy and sell through

[13:44] {_shorty} Good point, I

[13:44] {Threei} so can any o MMs

[13:44] {Threei} of

[13:45] {nemo} my point..err...ahhh...eqzaktly

[13:45] {_shorty} Thanks guys

[13:46] {nemo} invalimudated

[13:46] {Threei} yeah

[13:52] {_shorty} My newibism hasn't come out to strongly, has it?

[13:52] {nemo} you're a what!?

[13:52] {_shorty} newbieism

[13:53] {_shorty} Newbieism: The act of being a newbie

[13:53] {nemo} after Les...Jeffrey Dahmer would have no issues here

[13:53] {RonS} lol

[14:00] {RonS} DE close today +59.96 paints a very interesting candle

[14:01] {Les} yeh thanks Nemo

[14:01] {nemo} :)

[14:01] {Les} we in anything

[14:01] {nemo} coma

[14:02] {nemo} looking for fas bounce in .05 area

[14:02] {nemo} fcx coming into support here

[14:06] {nemo} dummie me, fas bounced right at pivot

[14:07] {Threei} Market Internals update at 14:00ET

[14:07] {Threei} - NYSE volume 547M shares, about 11% below its three-month average; advancers lead decliners by 2:1.

[14:07] {Threei} - NASDAQ volume 1.51B shares, about 11% above its three-month average; advancers lead decliners by 1.4:1.

[14:07] {Threei} - VIX index -0.6% to 16.89

[14:08] {Threei} VIX is hard to believe

[14:08] {Threei} which means it goes even lower

[14:09] {nemo} invere C&H on FCX?

[14:09] {Threei} kind of but way too small to be reliable setup

[14:10] {Threei} overall, it does seem like down is the next likely move

[14:10] {nemo} 200 ma is right under spy and Qs

[14:16] {Threei} strange divergence oil and gold

[14:17] {RonS} Vad, uaua set for an eod run?

[14:17] {nemo} Why strange?

[14:17] {Threei} chart wise yes Ron,

[14:17] {Threei} I just doubt it's ery reliable for UAUA

[14:18] {Threei} nemo, don't they tend to move in unison mostly?

[14:18] {Threei} with both coresponding with USD

[14:19] {nemo} More politics in gold I think....Oil will also be responsive to perceived economic conditions right now...Gold, monetary primarily

[14:19] {Threei} GLD is mightily down

[14:19] {Threei} USO is disgustingly up

[14:19] {nemo} I remember Dr. Cosa, and Kaimu commenting on how GLD is sold down often on Mondays

[14:19] {Threei} NUAN

[14:22] {nemo} .41 break?

[14:23] {Threei} yeah...

[14:23] {Threei} struggling between chart formation and lack of trust to afternoon breaks

[14:24] {nemo} yeah, but we've cleared lunch

[14:24] {nemo} broke below trend support

[14:31] {nemo} tivo

[14:35] {fernp} 48.00 break QQQQ, Vad?

[14:37] {fernp} i don't like, forget it

[14:37] {Threei} forget what?

[14:37] {Threei} :)

[14:37] {fernp} lol

[14:38] {jfjf64} sensi im back miss anythin

[14:38] {Threei} not really

[14:38] {Threei} market is frozen

[14:38] {Threei} no movement

06[14:39] * nemo slaps jfjf64 around a bit with a large shinai

[14:39] {Threei} is it chinese for trout?

[14:39] {nemo} japanese kendo practice sword

[14:39] {_shorty} lol

[14:40] {jfjf64} lol

[14:40] {Threei} whew

[14:40] {Threei} I was scared of... never mind

[14:42] {strider} I thought you didn't have mirrors in hour house, vad.

[14:42] {strider} your

[14:42] {nemo} ?

[14:43] {nemo} oh,,,good one

[14:45] {Threei} generally no, but sometimes I forget

[14:45] {nemo} what's the big whoop, you don't cast reflections anyway

[14:45] {magoo} LVS the star of the day

[14:46] {_shorty} It is

[14:46] {_shorty} MGM followed too

[14:46] {fernp} UAUA .50 break? anyone?

[14:47] {RonS} check the M daily

[14:48] {Threei} that's what's scary nemo

[14:48] {nemo} oh

[14:48] {Threei} I'd stay away fern

[14:48] {Threei} mostly because it already made a move equal of exceeding its upper end range

[14:49] {Threei} look at daily,

[14:49] {Threei} compare this candle to others

[14:49] {fernp} i see

[14:49] {Threei} rather on a long end, right?

[14:49] {fernp} yes

[14:49] {RonS} I thought it was Vlad the Impaler, not Vad...:O

[14:50] {Threei} so... aince today is not something extraordinary, odds are it exhausted its move for the day

[14:50] {nemo} distant relative

[14:50] {Threei} over centuries, one letter just got lost in translation, Ron

[14:50] {_shorty} Would you say the same thing on LVS?

[14:50] {Threei} god yes

[14:51] {Threei} oops... did I just burst in flames

[14:51] {_shorty} lol

[14:51] {RonS} ...i was wondering...

[14:51] {nemo} now his typing will go to hell

[14:51] {Threei} LVS is a little different though

[14:52] {Threei} for some reason today is an unusual day for it

[14:52] {dino} yuii l .00

[14:52] {Threei} GOOG Shares move to session highs after report that Google.cn url is being redirected to Google.com.hk (Hong Kong) with a message saying it is the "new home" for Google search China (566.49, +6.49, 1.16%) (related BIDU )

[14:52] {nemo} jumped consolidated, jumped, consolidated and now continues in a 45 degree climb

[14:52] {RonS} ...casino stocks running...mpel

[14:52] {Threei} I'd think LVS has better chance to continue than UAUA does

[14:53] {nemo} yes

[14:53] {RonS} mgm

[14:53] {_shorty} Even with LVS, maybe +3 cents today.

[14:53] {_shorty} Overtraded today, commisions are going to hurt.

[14:54] {Threei} what do you pay?

[14:54] {magoo} me too vad

[14:54] {magoo} i think .80 area

[14:54] {Les} UAUA

[14:54] {_shorty} 200 $2 500 + 9.95

[14:54] {_shorty} 4.95 500 anything above that is 9.95

[14:54] {dino} back in 10

[14:55] {nemo} ouch

[14:55] {Threei} well... stop playing for 4 cents profits, unless you play biig shares

[14:55] {nemo} they give you vaseline with that plan shorty?

[14:55] {_shorty} lol

[14:55] {_shorty} I like the platform. I play 200 to practice right now.

[14:56] {magoo} whos your broker shortster?

[14:56] {strider} Doesn't make any sense. .01/share for 200 shares. .02/share for 500 shares.

[14:56] {_shorty} Orbis, DTM management

[14:57] {nemo} in case anybody interested, fas double topped with a trendline forming an upward wedge, which means faz just did the opposite, might be a play soon

[14:57] {nemo} pick your poison

[14:57] {nemo} fern=faz

[14:58] {fernp} lol

[14:58] {nemo} :)

[14:59] {Threei} - note: still awaiting an official announcement on Google's plans for its China search business which is expected some time today.

[14:59] {_shorty} Threei, my goal is to play big shares. If I can be consistent with 200 shares, then I plan on going to 500 +

[15:00] {Les} lol shorty, don't ask ese how many shares he plays with....

[15:00] {nemo} no dude, ese plays big shares

[15:00] {nemo} you play at the penny table

[15:01] {_shorty} Playing the penny table. I am usually out when I am +10 cents.

[15:02] {Threei} well... so's ese in many of his plays

[15:02] {nemo} it's not unusual for ese to play between 20-40k shares

[15:02] {Threei} it's just the siz of his positions

[15:02] {_shorty} Who is ese?

[15:02] {nemo} mmmhhh, lvs coming into support

[15:02] {nemo} and trhough

[15:02] {nemo} .30 recross?

[15:05] {magoo} vad, when is your traditional open house?

[15:05] {nemo} Fall?

[15:05] {magoo} nah

[15:05] {magoo} spring

[15:05] {Threei} Google Inc Updates on approach to China; offering uncensored search at Google Hong Kong site - Google blog

[15:05] {Threei} - earlier today we stopped censoring our search servicesGoogle Search, Google News, and Google Imageson Google.cn. Users visiting Google.cn are now being redirected to Google.com.hk, where we are offering uncensored search in simplified Chinese, specifically designed for users in mainland China and delivered via our servers in Hong Kong.

[15:05] {Threei} fall

[15:06] {Threei} - Figuring out how to make good on our promise to stop censoring search on Google.cn has been hard. We want as many people in the world as possible to have access to our services, including users in mainland China, yet the Chinese government has been crystal clear throughout our discussions that self-censorship is a non-negotiable legal requirement. We believe this new approach of providing uncensored search in simplified Chinese from Google.com.hk is a sensible solution to the challenges we've facedit's entirely legal and will meaningfully increase access to information for people in China.

[15:06] {magoo} googs not falling

[15:06] {Threei} BIDU did

[15:07] {Threei} We very much hope that the Chinese government respects our decision, though we are well aware that it could at any time block access to our services. We will therefore be carefully monitoring access issues, and have created this new web page, which we will update regularly each day, so that everyone can see which Google services are available in China.

[15:07] {Threei} - Google intends to continue R&D work in China and also to maintain a sales presence there, though the size of the sales team will obviously be partially dependent on the ability of mainland Chinese users to access Google.com.hk.

[15:08] {magoo} WOW bidu 20 point drop\

[15:08] {Threei} yeah, it's sensitive to GOOG leaving China or staying

[15:08] {Threei} if Chinese govt blocks it completely, watch for BIDU to soar

[15:10] {magoo} surprised they have not, its still communist rule over there isnt it?

[15:10] {nemo} autocratic anyway

[15:10] {Threei} well, it's a bit more complicated

[15:10] {Threei} they demanded that GOOG self-censored certain content

[15:10] {Threei} for a while it worked,

[15:10] {Threei} then GOOG said they will stop it,

[15:11] {Threei} and leave China if they have to

[15:11] {Threei} That sent BIDU up

[15:11] {Threei} the climb you see on daily was caused by this riff raff

[15:12] {Threei} now GOOG is trying to find workaround by redirecting traffic to their Honk Kong site

[15:16] {Threei} LVS continues

[15:16] {Threei} UAUA doesn't

[15:16] {Threei} as foretold

[15:17] {nemo} shoulda' taken that .25 recross

[15:17] {jfjf64} i did

[15:17] {jfjf64} lol

[15:18] {Threei} wtg

[15:18] {nemo} were you going to keep it to yourself?

[15:18] {nemo} JF...I'm adding you to the list

[15:18] {jfjf64} not the list

[15:18] {Threei} lol

[15:19] {nemo} you forced my hand

[15:19] {jfjf64} 20.25 recross told the room

[15:20] {jfjf64} wish i was still in

[15:20] {jfjf64} lol

[15:20] {nemo} where, I don't see it?

[15:20] {nemo} you in politics?

[15:20] {jfjf64} lol

06[15:21] * nemo thinks "should jf's name be in pen or pencil?"

[15:23] {jfjf64} comon vad ya let him talk to a paying student

[15:23] {jfjf64} lk that

[15:23] {Threei} I'd rather ou duke it out between yourselves

[15:23] {_shorty} None paying students get better treatment, it's because they care about you.

[15:24] {nemo} where you live JF?

[15:24] {Threei} only larisa nad patience get better treatment

[15:24] {Threei} and alert

[15:24] {jfjf64} na me an nemo we good its that les i got to keep my eye on

[15:24] {nemo} if you looked like them, you would too JF

[15:25] {nemo} whatever you do, don't let him behind you

[15:25] {Threei} because he is non-sorporial anyway, can't slap him

[15:25] {jfjf64} lol

[15:25] {nemo} you mean corporial?

[15:25] {Threei} yes

[15:32] {_shorty} See you guys tomorrow. Thanks

[15:32] {Threei} take care shorty

[15:32] {nemo} have a nice day...tomorrow we'll be harder on you

[15:32] {Les} cioa shorty

[15:32] {_shorty} lol

[15:32] {Les} ciao as well

[15:33] {nemo} It's existentially odd for me to be referring to someone as shorty

[15:33] {_shorty} lol

[15:34] {fernp} bye shorty

[15:34] {Threei} Market Internals update at 15:30ET

[15:34] {Threei} - NYSE volume 705M shares, about 12% below its three-month average; advancers lead decliners by 2.3:1.

[15:34] {Threei} - NASDAQ volume 1.97B shares, about 12% above its three-month average; advancers lead decliners by 2.2:1.

[15:35] {nemo} Que dice vd. "shorty"?

[15:35] {nemo} short

[15:35] {nemo} fern

[15:36] {fernp} ?

[15:36] {nemo} in Espanol?

[15:37] {fernp} short is corto in spanish

[15:37] {nemo} ty or mg

[15:38] {fernp} de nada

[15:39] {nemo} so, time for Dino's famous run at :40?

[15:40] {Threei} if so, watch for PALM last scalpable move for the day

[15:40] {dino} more like infamous

[15:41] {dino} out amsc,.22, +.47

[15:43] {Les} nice one. didn't catch any of your trades today. has made a difference for the worse.

[15:43] {dino} slow day here

[15:44] {Threei} aame

[15:44] {Threei} same

[15:45] {Threei} (US) Fed's Lockhart: Greek debt could lead to a "broad shock" in markets (related EUR/USD )

[15:45] {Threei} you don't say

[15:46] {Threei} SP) Spanish govt: Spain's 2009 budget deficit was 11.2% of GDP, lower than previous estimate of 11.4%

[15:46] {nemo} break out the party hats!

[15:46] {Threei} fern is already drunk

[15:46] {nemo} sangria

[15:48] {dino} ssme

[15:48] {dino} lol

[15:50] {dino} out dsw .84, +.21

[15:50] {Threei} AATI Reportedly an ITC judge recommends a cease and desist order against AATI in patent suit with LLTC (3.67, +0.21, 6.07%) (related LLTC )

[15:51] {dino} have to leave early, holding wfc over. gn all

[15:51] {dino} rino too

[15:51] {Threei} take care dino

[15:51] {Les} ciao

[15:51] {dino} out yuii +.24, +.24

[15:53] {Les} very slow day

[15:53] {Threei} okay guys, thank you all

[15:53] {Threei} have a good evening

[15:53] {Threei} see you tomorrow

[15:53] {Les} crap already over. nighty night

[15:54] {Threei} crsap is

[15:54] {fernp} Good evening everybody. See you all tomorrow

[15:54] {jfjf64} good night all

[15:54] {nemo} Sayonara

Mar 16 2010

Not too many trades as we retreated into inactivity closer to FOMC time. Profits are steady though: one stop on RIMM, profitable trades on FCX, WATG, UAUA and a few discretionary ones. Swing entry from yesterday on VISN worked too.

Session Time: Tue Mar 16 00:00:00 2010

[08:03] {nemo} Hey Birdman

[08:05] {Raven} mornink

[08:12] {Threei} IVAN Receives exceptional log and core results from its first oil well on Block 20 in Pungarayacu, Ecuador (3.79, 0.00, 0.00%)

[08:17] {Threei} (US) Preview: Feb Housing Starts data due out at 8:30am ET

[08:17] {Threei} - Housing Starts: Consensus expectations are 570Ke; The prior number was 591K (analyst range of estimates 510K to 610K).

[08:17] {Threei} - Building Permits: Consensus expectations are 601Ke; The prior number was 622K (analyst range of estimates 550K to 635K)

[08:17] {Threei} US) Preview: Feb Import Price Index due out at 8:30am ET

[08:17] {Threei} - MoM: -0.2%e v 1.4% prior

[08:17] {Threei} - YoY: 11.3%e v 11.5% prior

[08:18] {Threei} NVS

[08:18] {Threei} Novartis AG Exploratory trial shows no incremental benefit of aliskiren add-on therapy in improving changes to cardiac shape in heart attack patients; will not pursue outcome trial

[08:30] {Threei} *(US) FEB IMPORT PRICE INDEX M/M: -0.3% V -0.2%E; Y/Y: 11.2% V 11.3%E

[08:30] {nemo} must have been good housing

[08:31] {Threei} hmmm

[08:31] {Threei} no housing

[08:31] {Threei} ahha

[08:31] {Threei} *(US) FEB HOUSING STARTS: 575K V 570KE; BUILDING PERMITS: 612K V 601KE

[08:32] {nemo} ahha

[08:40] {strider} out BSX +.12 from overnight

[08:41] {Threei} why not

[08:41] {strider} morning

[08:41] {strider} holding VISN from 5.11

[08:41] {Threei} hi :)

[08:41] {Threei} little regret about not taking IVAN overnight

[08:42] {Threei} had strong feeling about it

[08:42] {Threei} VISN, to me at least, is not a gap play

[08:42] {Threei} rather swing trade

[08:42] {strider} I agree.

[08:42] {Threei} meaning, I wouldn't dump it into smallish gap

[08:43] {strider} yeah. thx.

[08:43] {Threei} just manage risk according to YOUR specuifications, not mine :)

[08:43] {Les} sounds good. will look for an entry on VISN today

[08:43] {Les} afternoon all

[08:45] {strider} morning, les.

06[08:46] * nemo slaps Les around a bit with a large Tooheys

[08:47] {Threei} les :)

[08:47] {Les} bit early in the morning for that Nemo

[08:47] {nemo} not for you

[08:47] {Les} for you, anyway

[08:47] {nemo} I drink on GMT +1

[08:53] {Threei} US) Senator Corker (R): odds are very high that financial reform bill gets passed this year, but passing it out of committee within a few weeks is too rapid a pace

[08:53] {Threei} here comes better gain on VISN

[08:54] {Threei} - says he was a little taken aback by Senator Dodd deciding to go it alone with his own bill

[08:54] {Threei} hard to imagine more dysfunctional entity

[08:56] {nemo} the legislation is lobbyist lipstick on a pig

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[08:59] {dino} vad, fwiw, vxx issues, barclays has acknowledged that if the vxx drops below 25, it can execute a reverse 4 for 1 split

[08:59] {Threei} huh

[09:00] {Threei} that influences players intentions, doesn't it

[09:00] {Les} meaning they'd like to see the reverse split?

[09:00] {Threei} why 25... most of them did split when they were way below 10

[09:00] {dino} dk, just letting you know

[09:00] {Threei} ty

[09:01] {Threei} weirdos

[09:01] {dino} np

[09:01] {Threei} nemo, I have some numbers from Poland, want them?

[09:01] {nemo} ?

[09:02] {Threei} you seem to be really entertained by data from Poland

[09:02] {nemo} ?

[09:02] {Threei} thought maybe I'd make you laugh

[09:02] {nemo} ?

[09:02] {Threei} sheesh... stop ?ing me, you said not once that there was something funny about it

[09:03] {dino} fed day

[09:03] {nemo} now that's funny

[09:03] {Threei} ok, never mind... never again will you get from me any polish numbers

[09:03] {nemo} I'm devastated

[09:03] {Threei} there, that'll show you

[09:04] {Les} Oh Nemo just take the bloody Polish numbers and be greatful, ok!

[09:05] {nemo} frickin' gang up on nemo day..wtf

[09:05] {Threei} yeah, that's a big nivelty, eh?

[09:05] {Threei} on FOMC...

[09:06] {nemo} true, we'll likely be rather board this morning

[09:06] {Threei} rate doesn';t matter of course, everyone knows it won't be changed

[09:06] {Threei} language is major focus

[09:06] {Threei} and IMO, they'll be as restrained and vague as possible

[09:06] {Threei} there are times when they want to send certain message

[09:07] {dino} they will not raise them in 2010, that is my bet

[09:07] {Threei} today they will want to say as little as possible

[09:07] {dino} until umemployment gets under 7.5%

[09:08] {Threei} or inflation threat becomes so evident that uproar goes beyond what they can afford p;olitically

[09:10] {nemo} something's up look at gold this morning

[09:12] {Threei} MNKD Does not believe issues raised in FDA Complete Response letter will adversely affect Afrezza

[09:12] {Threei} - Still plans to launch Afrezza in 2011 (7.89, 0.00, 0.00%)

[09:13] {nemo} yep, gold running

[09:14] {Threei} - " As recommended by the FDA, we will request an End-of-Review meeting with the agency to discuss our approach for resolving the remaining issues. Prior to this regulatory action, our plan had been to follow the original NDA for AFREZZA with another regulatory submission for our next-generation inhaler rather than launch AFREZZA with the MedTone device. We intend to discuss with the FDA whether it is appropriate to address the agencys requests using what would otherwise have been a supplemental NDA submission. If this approach is acceptable, we believe that this regulatory action may not have a significant impact on the timing of the commercial launch of AFREZZA, which would not have occurred until at least 2011 in any event."

[09:14] {dino} sqnm, athn

[09:15] {jfjf64} mornin

[09:16] {Les} hey jf

[09:16] {Threei} jf :)

[09:16] {Threei} jf, look dcc pls

[09:16] {Threei} SQNM just can't catch a break

[09:16] {Threei} thing barely started recovering

[09:17] {jfjf64} dcc

[09:17] {Threei} private message

[09:17] {Threei} look for a button with my name on it

[09:17] {jfjf64} how please

[09:17] {Threei} click on it and read the message in there, type in there to answer

[09:17] {Threei} upper bar, where you see channel names

[09:18] {Threei} #floor, #discussions

[09:18] {Threei} Sequenom, Inc Reports Q4 -$0.30 v -$0.25e, R$10.8M v $9Me

[09:18] {Threei} - Gross margin 50.5% v 59.5% y/y

[09:18] {Threei} (US) Congressional Aid: Repoteldy US Senate to threaten penalities on China if it does not alter valuation for Yuan

[09:21] {Threei} - Reminder: Yesterday 130 members of the US House of Reps have requested US Treasury Sec Geithner name China as a currency manipulator in the upcoming report in April

[09:22] {dino} athn strange restates 3 years, misses rev and pops

[09:23] {Threei} AthenaHealth, Inc. Reports Q4 $0.17 v $0.17e, R$54.4M v $55Me

[09:23] {lasertrev} morning

[09:23] {Threei} imagine if they said they just found out they had no revenu for the last 10 years at all? stock would have been in 80s already

[09:23] {Threei} trev :)

[09:24] {Threei} QCOR FDA schedules advisory panel meeting on application to sell Acthar gel for treating infantile spasms (6.75, 0.00, 0.00%)

[09:25] {Threei} too bad volume is next to nil... daily is nice for a break of 7

[09:29] {dino} athn gap around 42

[09:31] {Les} MNKD defending 8 again

[09:31] {Threei} RIMM, looking for reversal

[09:31] {Threei} half lot

[09:31] {Threei} .40

[09:31] {Threei} stop under .30

[09:32] {Threei} no go

[09:32] {dino} dsw

[09:32] {nemo} aig momo

[09:33] {dino} cnx off of .50 may move upgraded

[09:33] {dino} nah, dropped

[09:33] {fernp} Good morning everybody

[09:33] {Threei} fern :)

[09:33] {Les} hi fern

[09:34] {fernp} Les :-)

[09:34] {Threei} ISTA FDA posts warning letter on misleading marketing materials for XIBROM

[09:34] {Threei} Division of Drug Marketing, Advertising, and Communications (DDMAC) has reviewed a professional sale... (3.85, +0.03, 0.79%) more...

[09:35] {dino} dsw interesting

[09:35] {dino} 25 area strike calling

[09:36] {Threei} Long Setup: CAT .60 half lot

[09:36] {dino} sm l .88 wide risky

[09:36] {Threei} if holding above .45

[09:37] {Threei} invalidated

[09:37] {nemo} FOMC day.yahoo

[09:37] {Threei} may turn into double bottom but let's give it a few to consolidate

[09:38] {Threei} so setup .40 - .50 would establish

[09:38] {Threei} valid now

[09:40] {Threei} and not

[09:40] {dino} out dsw .48, +.60 ty ron for yesterday heads up

[09:41] {Threei} RIMM rinse

[09:41] {RonS} yw

[09:42] {Threei} actually, unusually strong now

[09:42] {Threei} RIMM

[09:42] {Threei} CAT, should have faded hat .40 invalidation

[09:42] {dino} cfsg

[09:43] {Threei} ISTA is seriously weird

[09:44] {Threei} FDA warning letter, it goes up?

[09:45] {Threei} CAGC...

[09:45] {Threei} maybe your client dino

[09:47] {RonS} clf jumped on big vol

[09:47] {KSystems} boo

[09:47] {Threei} ks :)

[09:47] {dino} yuii sm l .65

[09:47] {Threei} WATG

[09:48] {Threei} momo candidate on 11 break

[09:48] {Threei} risky as trying to taake my morning bacon

[09:48] {dino} takeover rumors on friday, cagc

[09:50] {Threei} RIMM deep pullback

[09:52] {Threei} HOG Hearing takeover chatter

[09:52] {Threei} - Hearing unconfirmed chatter HOG has been approached by private equity groups

[09:52] {Threei} - KKR is rumoure... (26.82, +0.32, 1.21%) more...

[09:53] {magoo} morning

[09:53] {Threei} mags

[09:53] {Les} hi mags

[09:53] {Threei} Long Setup: RIMM .35 break half lot

[09:53] {Threei} if stays above .20

[09:54] {nemo} .20 is pivot support, depending on how it get's there...if it loses, might be worth a short

[09:55] {Les} BSX consolidating under 7

[09:55] {Threei} let's change to .30 break

[09:56] {Threei} invalidated

[09:58] {RonS} hog wild

[09:58] {strider} takeover chatter:HOG

[09:58] {Les} going Japanese, is it?

[09:58] {Threei} Long Setup: FCX 82 half lot

[09:59] {Threei} if stays above .85

[09:59] {Threei} hesitated to call RIMM again on .20 break...

[10:00] {Threei} (US) Obama Aide: US unemployment may remain elevated for some time

[10:00] {Threei} you don't say

[10:01] {Threei} - Reiterats 3% GDP growth and 4.3% for next two years

[10:01] {fernp} SBUX .20 break, Vad?

[10:01] {Threei} FCX 1:1

[10:02] {Threei} can do more I think

[10:02] {Threei} but let's control risk

[10:02] {Threei} half out .19

[10:02] {Threei} yes fern

[10:02] {strider} out +.23

[10:02] {Les} .22 for me ty

[10:02] {fernp} ty

[10:02] {Threei} offering second half .32

[10:03] {Threei} out

[10:04] {Threei} forget it fern

[10:04] {fernp} i did it

[10:04] {Threei} formed nice chart and fizzled out

[10:04] {dino} cagc sm l .51

[10:05] {fernp} watching MWW

[10:07] {Threei} BTIM Ticks higher after CNBC teases upcoming segment featuring the CEO (7.90, +2.10, 36.21%)

[10:07] {Threei} bagholders are lining up now

[10:07] {Les} wonder if my ugly mug on TV could change the fortunes of company i designate?

[10:08] {nemo} break the TV maybe...

[10:09] {dino} strl -5 in day and half

[10:10] {fernp} BRCM long, Vad?

[10:11] {nemo} fcx has that climber look

[10:11] {Threei} not sure fern...

[10:12] {Threei} looks right,

[10:12] {Threei} but most of them so far are fzzling out today

[10:12] {fernp} i see. ty

[10:12] {Threei} BTIM started its bagholder-making mission

[10:12] {Threei} works every time...

[10:13] {Threei} are you looking for pullback entry on it nemo?

[10:13] {nemo} would be on the trend line right now around .10

[10:16] {Les} MNKD doing its breakdown routine again

[10:17] {fernp} USB 26 break, Vad?

[10:18] {Threei} very much so

[10:19] {Threei} UAUA

[10:19] {Threei} this thing irritates me to no end, lol

[10:19] {jfjf64} grrrrrrr

[10:20] {Threei} USB, don't expect it to be fast but if triggers, can do nice move

[10:20] {Threei} UAUA, watch if pulls back into .20

[10:23] {Threei} let this USB pullback to show the support for a stop placement,

[10:24] {Threei} then if triggers, watch for matket help to decide, take scalp or let ir run

[10:24] {Threei} with market help, capable of 30-40 cents move

[10:24] {dino} clne spike

[10:24] {fernp} ok

[10:25] {jfjf64} ya dino 1 sec late to danceeeeeeeeeeeeeee

[10:25] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrr

[10:25] {jfjf64} luv that setup cup

[10:26] {dino} amsc getting tagged, 2 days -3+

[10:26] {Threei} AMSC Citron Research releases report

[10:26] {Threei} - feels AMSC has larger proportion of revenues in one customer (27.20, -0.94, -3.34%)

[10:27] {dino} "feels", is that the new politically correct way to state a fact

[10:27] {nemo} has been since the 70's

[10:27] {dino} lol

[10:28] {Les} don't kill the goose that lays the gold egg

[10:28] {Threei} Citron is a former stocklemon

[10:28] {Threei} shorting outfit

[10:28] {nemo} ha ha ha ha

[10:28] {nemo} Citron...lemon

[10:28] {Les} duh

[10:28] {dino} citron vodka

[10:29] {Threei} - Citron sees a separation between what its customer has ordered and what the customer is actually using

[10:29] {Threei} BRKR

[10:29] {Threei} near 52 week high

[10:31] {strider} out

[10:31] {strider} BRCM +.22

[10:31] {Threei} anyone here wants to buy a Puerto Rican Bank?

[10:31] {Threei} Reportedly the FDIC is seeking buyers for three Puerto Rican Banks (related BPOP )

[10:31] {Les} spanish required?

[10:31] {jfjf64} if we hd ya cash why not

[10:32] {magoo} id like to buy a puerto rican babe

[10:32] {strider} nemo and I can furnish the weapons.

[10:32] {Threei} UAUA

[10:32] {Threei} let' see if we get antry here

[10:32] {Threei} entry too

[10:32] {Threei} .25 break

[10:33] {Threei} if stays above .15

[10:34] {strider} long .25

[10:36] {magoo} yep

[10:41] {Threei} LLNW Hearing Jefferies comments that Akamai deal with Netflix is a negative for LLNW (timing uncertain) (3.83, -0.06, -1.54%)

[10:41] {Threei} Market Internals update at 10:30amET

[10:41] {Threei} - NYSE volume 190M shares, about 22% below its three-month average; advancers lead decliners by 1.4:1.

[10:41] {Threei} - NASDAQ volume 480M shares, about 6% below its three-month average; decliners lead advancers by 1.1:1.

[10:41] {Threei} - VIX index -0.5% to just under 18.00

[10:43] {Threei} Intel Corp Strength attributed to positive analyst note from BoA/Merrill (timing uncertain)

[10:43] {Threei} - hearing Merrill speculates Intel could issue a positive pre-announcement

[10:43] {Les} cal/dal dropping

[10:47] {Threei} (EU) ECB's Strak: Recovery in the Eurozone remains on track but remains fragile; Timely exit plan from stimulus will be important

[10:47] {Threei} - Problems with Greece show that tougher fiscal rules are needed

[10:47] {Threei} - Crisis is not over, future set backs can not be written off

[10:47] {Threei} - Expects subdued infaltion for period of time, sees near term inflation levels at 1%

[10:47] {Threei} - Does not advocate boosting ECB inflation targets

[10:50] {Threei} FNGN IPO opens for trade at $15 (15.27, 0.00, 0.00%)

[10:50] {Threei} [FNGN] Financial Engines

[10:51] {nemo} MGM looks interesting

[10:52] {Threei} if you want to be stingy, trail UAUA to under .20

[10:53] {Threei} considering that we are moving closer to FOMC, probably makes sense

[10:53] {strider} short KLAC .74

[10:55] {Threei} (EU) EU's Monetary & Affairs Commissioner Rehn: Greece "not out of the woods" just yet;

[10:55] {Threei} - Unsustainable deficits must be prevented

[10:55] {Threei} *(GR) S&P AFFIRMS GREECE RATING

[10:56] {nemo} mgm long .87?

[10:56] {Threei} I am more of LVS fan...

[10:56] {nemo} no accounting for taste

[10:56] {Threei} *(GR) S&P TAKES GREECE RATINGS OFF WATCH NEGATIVE, AFFIRMS BBB+ RATING

[10:56] {dino} cfsg l .00

[10:57] {magoo} futes going

[10:57] {Threei} UAUA 1:1

[10:57] {Les} ty

[10:57] {Threei} yw

[10:57] {strider} out +.12

[10:58] {jfjf64} i forgot bout uaua ty

[10:58] {Threei} lol

[10:58] {Threei} see how stess-free my calls are?

[10:58] {magoo} this is true

[10:58] {Threei} you can frget you have open position, and still profit

[10:58] {nemo} may speak more to forgetfulness moth brain

[10:58] {magoo} i was watching aig thinking it was my uaua

[10:59] {Threei} of course nemo, but let us enjoy the moment

[10:59] {nemo} sure

[10:59] {strider} stop KLAC -.12

[10:59] {Threei} (US) Treasury Sec Geithner: No chance the US will lose its AAA rating; political will is needed to cut deficits

[11:01] {fernp} USB Vad

[11:01] {fernp} Valid?

[11:01] {Threei} chart wise, yes...

[11:01] {Threei} I am a bit concerned about its speed

[11:01] {fernp} ok

[11:01] {Threei} normally, slow one would be fine,

[11:01] {Threei} but we are going to lose activity very soon

[11:02] {Threei} with FOMC

[11:02] {Threei} so, I am a bit put off by possibility to get in, get stuck till FOMC because of its slowness, then be a subjkect of wild whipsaws

[11:03] {fernp} i understand

[11:03] {strider} when is FOMC?

[11:03] {Threei} 2:15

[11:17] {magoo} .

[11:20] {Threei} NKE Trades near session highs as CNBC report gives further confirmation that Tiger Woods will return to golf for The Masters in April (70.85, +0.46, 0.65%)

[11:24] {jfjf64} wonder if wife traveling with him

[11:25] {Les} hehehe

[11:30] {strider} out VISN .25, +.14

[11:30] {magoo} i heard he will have a multiple blonde women caddies

[11:31] {Les} db CAGC or death?

[11:31] {dino} sweet

[11:31] {Threei} death les

[11:31] {Threei} IMO

[11:31] {magoo} aig well off the high

[11:32] {Les} good. s CAGC .48

[11:32] {Threei} I think it's going lower mags

[11:32] {magoo} yea...surely can

[11:34] {Threei} 48 out of 54 economists say stimulus was positive for US economy

[11:34] {Threei} here comes CAGC

[11:34] {Threei} and AIG :)

[11:34] {Les} and out +.32

[11:35] {jfjf64} nice wk les

[11:35] {Les} if you can get it jf

[11:35] {dino} cagc stopped

[11:35] {Threei} ugh... sorry dino, didn't realize you were long

[11:36] {dino} not your fault

[11:36] {Threei} no, I'd just have wiped that smirk off my face

[11:36] {dino} np

[11:36] {Les} dino had me sweating when he went long, I was already short

[11:37] {Threei} and I missed both your posts so just expressed my take on the stock... ignorance IS blisss

[11:39] {Les} I didn't post it. don't want people following my tomfoolery

[11:39] {dino} well, dumb dumb that i am, had .30 on it

[11:40] {Les} the long was the right call at the time

[11:40] {dino} greed got me

[11:40] {Les} as CAGC failed to breach .75, I felt more comfortable

[11:41] {Les} wow

[11:41] {Les} CAGC

[11:42] {Les} the DSW long was masterful. I was caught wrong side of that

[11:43] {dino} cagc most likely to high 25s then bounce

[11:43] {Les} athn got my attention now short side

[11:43] {Les} too late

[11:45] {Threei} RIMM Hearing Canaccord Adams making cautious comments (timing uncertain)

[11:45] {Threei} - note: Canaccord has a Buy rating on RIMM (74.69, -0.85, -1.13%)

[11:46] {Threei} GAZ...

[11:47] {Threei} tempting short chart wise, hate volume

[11:48] {Threei} scanners capitulation wndow is fully occupied by CAGC, lol

[11:48] {fernp} SDS breakdown, Vad?

[11:48] {Threei} well... that would be a play for market breakout

[11:49] {Threei} you feel like this is what is going to happen?

[11:49] {fernp} i feel nothing :-)

[11:49] {Threei} lay off that vodka, will ya :)

[11:49] {fernp} lol

[11:49] {fernp} i'll pass SDS

[11:50] {Threei} I think so...

[11:50] {Threei} I'd pass on breakout at this point

[11:50] {fernp} true

[11:50] {Threei} lol, now AIG joined CAGC in capitulation window

[11:51] {Threei} btw, forgot to ask, anyone went erlier for that momo break on WATG?

[11:51] {Les} n

[11:52] {Threei} gave nice spike after break, before fizzling out

[11:52] {Threei} BSX FDA staff issues executive summary on Expanded Indications for CRT-D based on MADIT-CRT Study

[11:52] {Threei} FDA

[11:52] {Threei} does not have any serious concerns regarding the design of the study. The sponsor

[11:52] {Threei} met with FDA during the design of the trial and incorporated FDA's feedback before

[11:52] {Threei} initiating the trial. Some modifications were made to the study protocol during the

[11:52] {Threei} study, but these changes were relatively minor in nature and did not affect the

[11:52] {Threei} primary safety or primary effectiveness outcomes.

[12:01] {Les} l cagc .64

[12:03] {Les} out .76

[12:04] {Les} vxx .45 break?

[12:04] {Les} betting on a b/d

[12:07] {Threei} I wouldn't

[12:07] {Les} ok

[12:09] {nemo} It's likely to get a tad hairy to play much of anything now

[12:10] {Les} I like it hairy

[12:10] {strider} too much information.

[12:10] {nemo} I ain't bitin'

[12:10] {Les} :O

[12:13] {Les} athn rinsed my short and then collapsed. SOB

[12:18] {nemo} sucks you can't short aig

[12:20] {magoo} looks like 33.50 area coming

[12:23] {fernp} FAZ .45 break? double bottom?

[12:23] {nemo} lunchtime FOMC break fern?

[12:24] {fernp} ty nemo

[12:24] {nemo} just a thought...

[12:25] {fernp} 5c stop... small shares... worth a try

[12:26] {nemo} if fas drips below .90, yeah

[12:28] {magoo} wfc may be bounce ready..not in

[12:30] {nemo} fas bounced right off that .90 support

[12:34] {Threei} careful guys... we are in a bery narrow range

[12:34] {magoo} bery"

[12:34] {Threei} this is Rinse Incorporated

[12:34] {nemo} or Roto-rooter

[12:34] {Threei} or that

[12:35] {Threei} Dendreon Corp Exec: Expects to be shipping commercial product in first half of 2011 (assuming FDA approves Provenge) - Roth conf

[12:35] {Threei} - Expects to be cash flow positive in 2011.

[12:35] {Threei} - Developing pipeline, will roll out new products every year between now and 2012.

[12:35] {Threei} - Reiterates looking to commercialize Provenge on its own, find international partners. Signing partners for distribution.

[12:35] {Threei} - Developing three manufacturing plants now.

[12:35] {Threei} ***Reminder: On 9/24/09 DNDN said it was still looking for an overseas partner, will sell the product itself in the US.

[12:35] {Les} fas demonstrating the principle perfectly

[12:35] {nemo} how so Les?

[12:35] {Les} the rinse. someone was long fas?

[12:35] {nemo} who?

[12:36] {Les} whatever. huge drop in last two bars on fas

[12:36] {nemo} you in faz fern?

[12:38] {fernp} yes

[12:38] {nemo} :)

[12:38] {fernp} .46

[12:38] {Threei} your 5 cents have arrived

[12:39] {fernp} i know you hate me :-)

[12:39] {Threei} why would I

[12:39] {nemo} not to be a (insert favorite perjorative noun here) why not short FAS?

[12:39] {Threei} I am all for 5 cets here and there... just gotta play serious shares to make it worthwhiel

[12:39] {nemo} you mean.......ese shares?

[12:40] {fernp} FAS stops too wide for me

[12:40] {Threei} wel... at least half ese, lol

[12:40] {fernp} I prefer FAZ

06[12:42] * nemo slaps Threei around a bit with a large trout

[12:42] {nemo} fas bounce/faz drop here?

[12:42] {Threei} why, oh why

[12:42] {nemo} because you can't in dcc

[12:43] {nemo} yo rinny!

[12:46] {Les} got luck on ATHN +.31

[12:48] {Les} mnkd threatening b/d. short. 87

[12:57] {Les} ITMN ready for b/d

[13:01] {nemo} fcx: can you say bear trap?

[13:02] {nemo} ?

[13:02] {Les} DSW wants up. is that a bull flag?

[13:03] {Threei} IMO{ you guys are trying to find a pattern where there is none

[13:03] {Threei} it's random noise right now

[13:04] {nemo} looked for can't be seen, listened for...

[13:04] {Threei} there is no method for this madness

[13:12] {Threei} Preview: FOMC rate decision due out around 14:15ET

[13:12] {Threei} ***The FOMC is expected to hold rates again today and will likely maintain its "extended period" language after making two significant adjustments since the last meeting. First, at the Jan 27 meeting, Kansas City Fed President Thomas Hoenig raised a dissent against the "extended period" language, stating that economic and financial conditions have improved enough that language was no longer warranted. Then on Feb 18, the Fed raised the Discount rate 25 bps to 0.75%, but couched it as a move toward "normalization" that does not reflect a change in policy outlook. Its likely the FOMC is allowing these changes to sink in and won't move again so soon, particularly as economic over the last six weeks has been tepid.

[13:13] {magoo} aig bouncer vad?

[13:13] {nemo} I wonder if they'll keep the comma, or go to a semi-colon?

[13:14] {Threei} mags, yes, but I doubt I can get a reliable read on it

[13:15] {Les} mnkd stopped

[13:22] {dino} throwing tbt tlt on scanner

[13:28] {Threei} AIG, wanna try and short .50 break?

[13:28] {Threei} or it's still unavailable?

[13:28] {Threei} yeah

[13:30] {Les} watching it. don't know if I can short it here

[13:30] {Les} I can

[13:33] {Threei} so do

[13:33] {Threei} fair setup

[13:33] {Threei} stop tight enough

[13:34] {Threei} Honda brake recall

[13:34] {dino} wx

[13:34] {Threei} Odyssey and Element

[13:34] {Threei} no acidents, customers complain about "feel of pedal"

[13:35] {Les} :)

[13:35] {dino} too fast wx

[13:35] {Les} don't like feel of this chat room. recall and refund an option?

[13:35] {Threei} me thinks younder customers complain too much

06[13:36] * nemo slaps Les around a bit with a large pick axe

[13:36] {dino} tired of all this "feel" talk from everybody

[13:36] {strider} well, dino--how does that make you feel?

[13:37] {strider} :)

[13:37] {nemo} can't read strider

[13:37] {dino} today, no feel, lol

[13:37] {nemo} I thought you said you were tired

06[13:37] * Threei puts Les in nearest Prius, chains him to the headrest, inserts 2x4 between driver's seat and gas pedal, saws brake pedal off...

[13:37] {dino} tired, yes, indeed

[13:37] {nemo} near the matterhorn Vad

[13:37] {Les} ouch. don't feel like that...

[13:37] {nemo} either that, or run him into Lake Geneva

[13:37] {Threei} how do you feel NOW?

[13:38] {Les} no feeling left

[13:38] {Les} I feel like a beer

06[13:38] * Threei shares beer with dino why both opbserve Les's Prius disappearing in the perspective

[13:38] {Threei} why = while

[13:39] {Les} oh and here I though you were getting philosophic

[13:39] {Threei} I am

[13:39] {Threei} beer is philosophy

[13:39] {nemo} Philosophy of mayhem

[13:39] {Threei} and proof of heavens loving us

[13:40] {dino} bye bye les (no les, no more)

[13:41] {Threei} now, since we are on the subject of feelings and philosophy:

[13:41] {Threei} 'Of what use is a philosopher who never hurts anyone's feelings?'

[13:41] {Threei} Diogenes the Cynic, 300 BC.

[13:42] {nemo} look what it got Socrates...a strong cup of tea

[13:42] {strider} Problems begin when people have their ideas wired to their pheelings.

[13:43] {nemo} No shit...my ex blamed her weight gain on me, go figure

[13:45] {strider} So, has she lost the weight, now that you're not around?

[13:45] {nemo} of course not...gotten heavier actually

[13:45] {strider} That's your fault , too.

[13:45] {nemo} Yeah, I'm not there

[13:47] {Threei} well, classic line on that must be my wife's, contemplatively, when talking about some unplesant event beyond human control: Somehow it must be your fault... no idea how but it just must be

[13:48] {strider} MannKind mentioned cautiously at Oppenheimer

[13:48] {strider} Oppenhimer believes MannKind's conference call raised more questions than answers and that a capital raise is imminent for the company. The firm estimates shares are worth $2 and keeps an Underperform rating on the name. :theflyonthewall.com

[13:48] {Les} thanks. scalping it on the way back down. owes me money

[13:53] {Les} out aig +.07. had to chase a little. watching if this bounce is prelude to another drop

[13:54] {Les} aig long?

[13:55] {Threei} why?

[13:55] {Les} big vol going long. thinking reversal and long at .50

[13:56] {Les} it just snapped. something changed

[13:56] {Threei} US) US Treasury Official: There are serious concerns over China's FX policy; will review Senate proposals

[13:56] {Threei} - highlights recent reserve builds and economic rebound as indications China should seek to continue the appreciation of its currency

[13:56] {Threei} - Note: Earlier Senators issued a proposal lamenting China's FX policies

[13:57] {jfjf64} you in this les

[13:58] {jfjf64} guessnot

[13:58] {magoo} took aig cross of 33.50

[13:58] {magoo} bam

[13:59] {magoo} only hl tho

[13:59] {magoo} out .08

[13:59] {jfjf64} hl

[13:59] {Les} yeh. saw it happening. too gutless to hit the buy button

[13:59] {jfjf64} half lot dirrrrrrrrr

[14:00] {magoo} thgats why half

[14:00] {jfjf64} didnt know your abbrev

[14:01] {jfjf64} look lk a superstar

[14:01] {jfjf64} lol

[14:01] {nemo} interesting volume on fcx db

[14:13] {nemo} guess the news got out

[14:13] {dino} unchanged

[14:14] {nemo} yep

[14:14] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REITERATES RATES TO STAY EXCEPTIONALLY LOW FOR "EXTENDED PERIOD"

[14:14] {Threei} - Vote 9-1; Hoenig dissents, feels language on extended period could cause imbalances

[14:14] {Threei} - Discount rate unchanged

[14:14] {Threei} - Labor market is stabilizing; employers are still showing reluctance to add to payrolls

[14:15] {Les} yay, blow us a new bubble

[14:16] {dino} strange, no reaction

[14:17] {nemo} ?

[14:17] {dino} typically we move 80-120 pts one way, then reverse

[14:17] {Threei} muted reaction

[14:20] {dino} bet, up 110

[14:22] {Threei} 70

[14:23] {Les} 48

[14:23] {fernp} 66

[14:23] {jfjf64} 52

[14:24] {nemo} hike

[14:24] {jfjf64} have no idea

[14:24] {jfjf64} 65

[14:26] {Threei} new version of ramming healthcare bill through is known as "self-executing rule"

[14:26] {Threei} gives me an idea...

[14:26] {Threei} can we have self-executing politicians?

[14:26] {Les} well they self-execute their salaries

[14:26] {Les} was that what you had in mind?

[14:27] {Threei} not even close

[14:29] {nemo} they should have automatic self-destruct mechanisms after 2 terms

[14:34] {dino} cfsg to .30

[14:35] {Threei} Intel Corp May not be offering a pre- announcement - CNBC citing sources

[14:35] {Threei} - Note: Earlier today chatter circulated that Intel could release a positive pre announcement of earnings soon

[14:35] {Threei} lol

[14:36] {Threei} Comparative analysis of current vs Jan 27 FOMC statements: maintains "extended period" language, vote again 9-1; minor revisions on labor market; adds that it will use policy tools as needed

[14:36] {Threei} - the economy statement reiterates that "economic activity has continued to strengthen' but mildly revises the outlook for jobs stating "the labor market is stabilizing" (revised from "the deterioration in the labor market is abating"). Another minor revision is a nod toward the commercial real estate market, with the new statement noting "investment in nonresidential structures is declining (adding the word 'nonresidential'). Reiterates that household spending is expanding at a moderate rate but remains constrained, but adds a note that "high unemployment" (revised from "a weak labor market") is one constraint. The statement still sees business activity picking up in some sectors and reiterates "employers remain reluctant to add to payrolls." Reiterates that " the pace of economic recovery is likely to be moderate for a time."

[14:36] {Threei} The inflation statement is unaltered: "With substantial resource slack continuing to restrain cost pressures and with longer-term inflation expectations stable, inflation is likely to be subdued for some time."

[14:36] {Threei} Reiterates expectation for "exceptionally low levels of the federal funds rate for an extended period" due to subdued inflation trends and low rates of resource utilization. On securites purchasing programs, the FOMC now states that "The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to promote economic recovery and price stability" (revised from " will continue to evaluate its purchases of securities in light of the evolving economic outlook and conditions in financial markets). The statement does not alter timing on the wind down of existing liquidity programs, noting "The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close on June 30 ."

[14:36] {dino} wow reverse slip out .34 cfsg, +.34

[14:40] {Threei} CAT

[14:41] {Threei} never mind, late

[14:42] {jfjf64} comon what ya tryin to do to us

[14:42] {jfjf64} lol

[14:42] {Les} aig back below .50

[14:43] {Threei} .25 if holding .20, CAT

[14:43] {Threei} Long Setup: CAT .25 if stays above .20

[14:43] {dino} cagc 25s

[14:45] {nemo} .20 recross?

[14:45] {nemo} damn

[14:56] {Les} dsw coming back down

[14:56] {dino} watching it

[14:57] {Threei} double bottom scenario worked on it nemo

[14:57] {dino} cagc l .10

[14:57] {nemo} yeah, I was writing as it tripped .20

[14:57] {nemo} spy started up just before it

[14:59] {Threei} (US) House of Rep Tax and Trade Panel Chmn Levin: May extend the 2009 estate tax policy, may be retroactive (related TLT SHY )

[15:00] {dino} out .32 ave cagc, +.22

[15:01] {dino} back in 10

[15:01] {nemo} back in cagc at 10?

[15:02] {dino} no

[15:02] {Threei} lol

[15:02] {dino} i have to leave for 10

[15:02] {nemo} :)

[15:02] {fernp} lol

[15:06] {magoo} LVS vad

[15:06] {magoo} LVS vsd

[15:07] {fernp} Good evening everybody. See you all tomorrow

[15:07] {magoo} c u fern

[15:07] {fernp} take care mags

[15:09] {jfjf64} good day all

[15:10] {magoo} bye jf

[15:12] {Les} aig selloff

[15:12] {Threei} take care fern jf

[15:12] {Les} bye all

[15:12] {Les} that are leaving now

[15:12] {Threei} mags, my take on LVS

[15:12] {magoo} sheesh, bunch of slackers vad

[15:12] {Threei} leave it be for today, let it consolidate cloe to high

[15:12] {nemo} wynn up over a buck since I mentioned it this morning

[15:12] {Threei} look at daily

[15:13] {Threei} this is perfect for TGOMORROW's breakout

[15:13] {magoo} mgm too boss

[15:13] {Threei} today, coin toss

[15:13] {Threei} yes, will follow, but LVS is better play

[15:15] {magoo} well..thats why we pay u...and not magoo

[15:16] {nemo} Always talk about yourself in the 3rd person?

[15:16] {magoo} magoo almost never does that

[15:16] {nemo} Ahhh, evil-twin syndrome

[15:17] {magoo} crazy climber today vad was GE

[15:17] {magoo} wells high

[15:17] {dino} darn, i leave and dsw goes

[15:17] {dino} cagc 25.80s

[15:22] {magoo} ok, i have apptmt..c u morrow

[15:22] {Threei} slacker!

[15:22] {magoo} :)

[15:23] {dino} strike action happening imo

[15:24] {dino} amsc, dsw, snda, cagc, 5s 0s

[15:27] {Les} sorry dino, could you elaborate please?

[15:28] {nemo} stock prices on op ex week tend to move to where the greatest percentage of options will expire worthless

[15:28] {Les} ah. max pain

[15:28] {nemo} no...that's you

[15:29] {Les} ok. that was funny

[15:29] {Threei} lol

[15:29] {Threei} it was

[15:29] {Les} don't encourage him vad

[15:29] {nemo} yeah, sorry...someone sticks there chin out like that...can't help myself

[15:29] {Threei} also, pleasant - I am happy to yiled that title to someone else

[15:30] {Threei} I have to Les... sense of humor is one thing I can't help but credit

[15:31] {Les} still. that is what "max pain" is, isn't it?

[15:31] {nemo} yes

[15:32] {dino} what nemo said, plus 5s and 0s seem to be magnets

[15:32] {Les} right

[15:39] {dino} cagc lod

[15:40] {Threei} see how LVS struggles here?

[15:40] {Threei} but creates such a perfect base for tomorrow's break

[15:47] {strider} trev, dcc..

[15:52] {dino} snda 40s

[15:59] {Threei} ok guys, thank you all, have a good evening

[15:59] {Threei} see you tomorrow

[15:59] {nemo} cya

[15:59] {Les} u too. thanks

[15:59] {dino} thx all, slow day, but profitable

[16:00] {Les} it was a good day.

[16:01] {dino} glad to hear that les

[16:01] {dino} for tomorrow, ancc, cfsg, dsw, sam, snda, strl, cagc, jst