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 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