Apr 05 2010

Nice profitable day requiring strong discpline. Started with two nice wins on CIEN and FCX, then had to stay away from numerous shakeouts as markert remained locked. Only discretionary niche plays worked for those whose style matched them: news play on RINO, momo on ARQL and most of all on UNIS. Skill to play only when there is what to play with is invaluable.

Session Time: Mon Apr 05 00:00:00 2010

[08:27] {Threei} MRNA Signs research study collaboration deal with Pfizer

[08:29] {Threei} DIVX Enters partnership with Sharp to enable DivX video on digital TV

[08:29] {Les} morning

[08:29] {Threei} morning les

[08:30] {Threei} aree we 11K yet?

[08:30] {Les} haven't got my software up and running.

[08:36] {Threei} Apple Inc Sells over 300K iPads in first day of sales

[08:36] {Threei} - Apple also announced that iPad users downloaded over one million apps from Apple's App Store and over 250K ebooks from its iBookstore during the first day.

[08:36] {Threei} ***Reminder: In a note this weekend, Piper Jaffray's Gene Munster forecast iPad sales for the two day weekend including preorders would amount to about 700K.

[08:36] {fernp} Good morning everybody

[08:36] {Threei} fern :)

[08:37] {dptl} good morning all :)

[08:37] {Threei} dp :)

[08:39] {nemo} So....an emergency Fed meeting today

[08:40] {Les} hmmm. to react or not react, I wonder how the market will take that...

[08:41] {Threei} is there announcement for that?

[08:41] {Threei} search shows rumors only

[08:44] {Threei} found it

[08:44] {Threei} http://www.federalreserve.gov/boarddocs/meetings/2010/20100405/advancedexp.htm

[08:48] {Threei} (IN) Pakistan President Zardari: Pakistan would like to normalize relations with India (related USD/INR IFN GLD )

[08:48] {Threei} about time

[08:49] {Threei} people get their e-mail accounts hijacked left and right

[08:49] {Threei} over this weekend I received three e-mails,

[08:50] {Threei} all "from" people I eschange e-mails often,

[08:50] {Threei} informing me that they got robbed at a gunpoint in Hyde Park in London while travellling, and need my urgent assinstance

[08:51] {Threei} exacet same text

[08:51] {Threei} it's like all my friends went to lodon, met the same robber and now count on me as sole savior

[08:52] {Threei} I'd say guy needs to start sharing with me for supplying so many friends to him

[08:52] {dptl} lol

[08:52] {Threei} dp, thank goodness you haven't gone to London

[08:53] {dptl} no....hate flying

[08:53] {Threei} never do, people get mugged in Hyde Park en masse

[08:53] {Threei} in fact, I think there is a line-up to a tired robber holding garbage bag where they throw they wallets

[08:54] {Threei} and then run back to their hotels to e-mail me

[08:56] {Les} I for one would like to see just 1 scam like that. never heard of them. it's viagra or nothing in my spam box...

[08:56] {Threei} smeone's trying to tell you something...

[08:59] {Les} oh ha ha nice one centurion, like it, like it...

[09:00] {Threei} don't feel self-conscious then, for a while all I was getting were e-mails suggesting enlargement of certain viatl organs

[09:00] {Les} the liver?

[09:01] {Threei} I'll withold the details les I have to edit the log

[09:02] {Threei} PPHM Reports Data From Newly Published Research Reinforcing Potential of Targeting PS in HIV Infection

[09:09] {gen} gm all

[09:09] {Threei} gen :)

[09:09] {gen} :)

[09:11] {Threei} SPY new high

[09:11] {Threei} for the yesr I mean

[09:11] {Threei} year

[09:13] {strider} morning everyone.

[09:13] {gen} :)

[09:14] {Threei} strider :)

[09:14] {strider} :)

[09:15] {larisa} gm :)

[09:15] {Threei} larisa :)

[09:15] {gen} :)

[09:15] {dptl} :)

[09:16] {Threei} look at these two chessir cats

[09:16] {shorty} gm all

[09:16] {Threei} shorty :)

[09:16] {gen} :)

[09:16] {shorty} :)

[09:16] {Threei} what is it with you all

[09:16] {Threei} too many smiles

[09:17] {nemo} :(

[09:17] {Threei} it's monday, remember?

[09:17] {dptl} he he

[09:17] {shorty} Hiding behind angry faces

[09:17] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv

[09:17] {RonS} :P

[09:18] {dino} gm all

[09:18] {gen} :)

[09:18] {RonS} :D gm all

[09:18] {dino} :O

[09:18] {Threei} ron, dino :)

[09:19] {Threei} say hello to Vasilisa, our guest from Ukraine

[09:19] {Les} CREE

[09:19] {nemo} haroo

[09:19] {Les} hell Vasilisa

[09:19] {Les} oops, hello

[09:20] {Les} what's on the menu vad?

[09:20] {Threei} so far, nothing outstanding

[09:20] {Les} ARD

[09:20] {Threei} oh, patience says hello to everyone from Beijing

[09:21] {Les} ni hao patience

[09:22] {_vasilisa} gm all

[09:22] {gen} :)

[09:22] {Threei} good morning

[09:23] {Threei} who needs a little mood booster for the morning:

[09:23] {Threei} http://photography.realitytrader.com/2010/04/cutest-tabby-ever.html

[09:24] {lasertrev} morning

[09:24] {Threei} trev :)

[09:24] {gen} :)

[09:25] {Threei} these smiles make me nervous

[09:25] {dptl} lol ...nice pic.Vad......

[09:25] {Threei} as gunslinger used to say, First smiles, then lies, then gunfire

[09:25] {strider} :(

[09:25] {gen} :O

[09:26] {fernp} i like the last one photo

[09:26] {Threei} my favorite too fern

[09:26] {fernp} it's nice :-)

[09:26] {dino} ahh yes, the gunslinger

[09:26] {Threei} OK guys, let's see whatscanner spits out... I dont have clear candidates for the opening

[09:27] {Les} :/

[09:27] {Les} my morning contribution. MOS 59

[09:27] {strider} UA

[09:28] {strider} scratch that.

06[09:28] * Threei is scratching UA from his monitor

[09:28] {dino} special fed disc mtg this a.m.

[09:28] {Threei} yeah

[09:29] {strider} AMD could pop at open.

[09:29] {Threei} 9.5 break?

[09:29] {strider} thinkin'

[09:30] {Threei} I like the look of daily

[09:30] {strider} yeah...that's where I found it.

[09:30] {Threei} it's generally a narrow stock, about 30 cents daily ranges

[09:31] {Les} CREE off like a rocker

[09:31] {Threei} so unless something extaordinary happebs, don't count on muxh

[09:31] {Les} rocket

[09:32] {strider} UA now.

[09:33] {dino} hmmmm

[09:33] {dino} gap and rock, or drop

[09:34] {strider} 31 resis. on daily

[09:35] {Threei} Long Setup: CIEN .15 if stays above .10

[09:37] {Threei} if market double-bottoms here, should work nicely

[09:37] {Threei} if not, 5-7 cents risk is fine for monday morning

[09:41] {jfjf64} mornin

[09:41] {Threei} CIEN is like a hedgehog which is a very proud bird - won't fly until kicked

06[09:41] * Threei kicks CIEN in the rear

[09:41] {Threei} jf :)

[09:42] {Threei} CRUS touches 52 weerk high

[09:43] {Threei} fiinally CIEN

[09:43] {Threei} 1/2 out, over 1:1

[09:43] {nemo} yep

[09:43] {Threei} scalpers be happy

[09:43] {Les} thanks out .24

[09:43] {Threei} where is ese, this is his stock

[09:43] {Threei} over 1:2

[09:43] {dptl} out .27 ty

[09:43] {Threei} welcome guys

[09:43] {Threei} let's officially consider Monday kicked off

[09:44] {Threei} together with proud bird CIEN

[09:44] {nemo} 1/4 more

[09:44] {Threei} too bad missed CRUS

[09:44] {Les} cree just won't stop

[09:44] {Threei} let's see if we get pullback on it

[09:44] {shorty} Thanks Vad out + .14

[09:44] {Threei} welcome sir

[09:45] {Les} fcx straggling other miners

[09:46] {Threei} US) Preview: Feb Pending Home Sales due out at 10:00ET

[09:46] {Threei} **consensus expectations (m/m): 0.0%e v -7.6% prior

[09:46] {Threei} 1/4 more CIEN

[09:46] {Threei} .32

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

[09:46] {Threei} offer .41

[09:47] {Threei} (US) Preview: March ISM Non-Manufacturing Composite due out at 10:00ET

[09:47] {Threei} **consensus expectation: 54.0e v 53.0 prior

[09:48] {Threei} AMD tests .50

[09:50] {Les} take it on the break?

[09:50] {strider} DLTR pulllback

[09:50] {Threei} if it's your type of stock

[09:50] {Threei} chart is valid, it's just very slow and very narrow

[09:51] {Threei} may not resolve till numbers come out in 10 min

[09:52] {Threei} 40 points to 11K

[09:53] {Threei} larisa... last chance

[09:53] {Les} mos & pot weak today

[09:54] {dino} rimm wants 65 strike

[09:56] {Threei} SNDA sharp selling

[09:59] {dino} aixg

[09:59] {dino} rbcn

[09:59] {dino} lps

[09:59] {dino} veco

[10:00] {RonS} ico up on vol

[10:00] {Threei} US) FEB PENDING HOME SALES M/M: 8.2% V 0.0%E; Y/Y: 17.3% V 8.8% PRIOR

[10:00] {Threei} - prior M/M revised lower from -7.6% to -7.8

[10:00] {Threei} *(US) MAR ISM NON-MANUFACTURING COMPOSITE: 55.4 V 54E

[10:01] {Threei} sub-indices:

[10:01] {Threei} - Prices Paid: 62.9 v 60.4 prior

[10:01] {Threei} - Employment: 49.8 v 48.6 prior

[10:01] {Threei} - New Orders: 62.3 v 55.0 prior

[10:04] {Threei} Long Setup: FCX half lot on pullback to .10 - .15

[10:04] {Threei} stop will be under 86

[10:06] {nemo} my fcx chart is off

[10:06] {dino} bid/ask on nyse off

[10:07] {Threei} took .14

[10:09] {Threei} 1:1

[10:10] {Les} out .35 ty

[10:10] {Threei} :)

[10:11] {Threei} 1:2, out

[10:11] {Threei} nice and easy 30 cents

[10:11] {jfjf64} hog

[10:11] {dino} gj

[10:13] {dino} sm l ctrp .72

[10:13] {Threei} 1:3... without me

[10:13] {Threei} 30 points to 11K

06[10:14] * Threei tries 11K party hat on

[10:14] {Threei} who are you calling hog jf?

[10:14] {dino} tstc sm l .20

[10:14] {jfjf64} lol

[10:15] {jfjf64} watchin HOG

[10:17] {Threei} HOG is strider's old favorite

[10:17] {Threei} e knows all its hoggish ways

[10:17] {strider} I can't bring myself to go long on HOG

[10:18] {jfjf64} lk 5 min chart

[10:18] {jfjf64} you

[10:19] {Threei} Short Setup: GENZ .24 break, half lot

[10:20] {Threei} ARQL sudden;y came alive

[10:21] {Threei} so far my invalidation is .35 on GENZ, but if sets up not breaking .30, even better

[10:22] {Threei} invalidated

[10:23] {Les} +.09 ARQL ty

[10:24] {Threei} you buy everything mentioned?

[10:24] {Les} compulsive shopper

[10:24] {Threei} I better be careful naming stocks

[10:24] {nemo} eslr

[10:24] {nemo} :)

[10:24] {Threei} lol

[10:25] {Les} thanks nemo

[10:26] {dino} ctrp stopped

[10:27] {dino} isp luv

[10:27] {dino} too fast

[10:27] {Les} pot crashing but mos refusing to fall...

[10:28] {strider} DRYS is back up over 6

[10:29] {strider} DAL c&H--slow

[10:30] {dino} lps .50 trig l

[10:30] {shorty} Thoughts on ENER anyone? For a short breakout.

[10:31] {fernp} canadian pharmacy spam is killing me

[10:31] {fernp} lots of emails today

[10:34] {Threei} not sure shorty, no clean setup

[10:34] {Threei} sorry fern, I'll try to keep it down

[10:34] {shorty} lol

[10:34] {fernp} lol

[10:37] {Les} wants 11k before Fed speaks?

[10:38] {Threei} 17 points

[10:38] {Threei} matter of minutes

[10:41] {dino} lps to .65

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

[10:42] {shorty} gj

[10:42] {strider} back shortly.

[10:42] {dino} ty

[10:43] {dino} pot sm l .40

[10:46] {Threei} Market Internals update at 10:30ET

[10:46] {Threei} - NYSE volume 190M shares, about 20% below its three-month average; advancers lead decliners by 5.2:1.

[10:46] {Threei} - NASDAQ volume 500M shares, about 7% below its three-month average; advancers lead decliners by 3.1:1.

[10:46] {Threei} - VIX index +0.5% at just over 17.50

[10:47] {Threei} amazing how volume gets lower and lower, yet market continues climbing

[10:47] {Les} confounding traders and joe 6 pack alike

[10:47] {nemo} where else you gonna' put the money

[10:48] {dino} real estate

[10:48] {Threei} "Silnece officers!"

[10:48] {shorty} Does that mean we can expect a big drop in the near future Threei?

[10:48] {Threei} never mind, joke for russians only...

[10:48] {dino} pot to flat

[10:49] {Threei} well... sooner or later, of course we will

[10:49] {dino} out flat

[10:49] {shorty} ZION is strong

[10:50] {Threei} Short Setup: VXX .50 break

[10:54] {fernp} .56 stop, Vad?

[10:56] {Threei} depends on where it sets up from

[10:56] {Threei} let's consider .60 invalidation for now

[10:56] {fernp} ok

[11:10] {Les} damn. I though fcx was lagging the sector but $1 buck + ay ay ay

[11:10] {Threei} look where we got it long

[11:10] {Les} base camp

[11:11] {Les} before it climbed Mt Everest

[11:11] {Threei} as close to perefect as it gets with volatile stock

[11:13] {Threei} ABIO

[11:13] {Threei} tries to wake up

[11:15] {Threei} PMI is unbelievable today

[11:17] {fernp} PCX any read, Vad?

[11:17] {fernp} C&H on daily

[11:18] {dino} xrtx l .73

[11:18] {Threei} break on daily is a bit far from here

[11:18] {fernp} y

[11:18] {Threei} but if market resumes upward, I'd go for a break on intraday

[11:18] {fernp} ty

[11:19] {fernp} ADBE 36 break is valid, Vad?

[11:20] {fernp} fed meeting at 11:30, no?

[11:20] {Threei} I don't know time

[11:21] {Threei} ADBE looks good but

[11:21] {dino} hog about to rollover?

[11:21] {Threei} this is exactly kind of charts that tend to fail on breakout at this time of the day

[11:21] {fernp} true

[11:22] {Threei} .20 I'd try on it, dino

[11:23] {dino} took .24

[11:24] {dino} rino lod

[11:29] {Les} vxx

[11:30] {Les} .50 b/d?

[11:30] {Threei} 50/50

[11:31] {Threei} not sure

[11:31] {dino} hog stuck in mud

[11:31] {dino} ngsx

[11:35] {Les} l vxx .54 stop .50

[11:38] {Les} half out .58

[11:41] {Threei} we entered yawn period

[11:41] {Threei} wait patiently for news or market activity

[11:41] {Threei} don't push traditional setups

[11:42] {Les} out -.01 2nd half.

[11:48] {nemo} finnies moving up but indices quiet

[11:57] {dino} cov hog +.15 ave

[11:59] {Les} kerx is going to test 200ma support .23

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

[12:00] {Threei} - NYSE volume 335M shares, about 20% below its three-month average; advancers lead decliners by 5.9:1.

[12:00] {Threei} - NASDAQ volume 925M shares, about 8% below its three-month average; advancers lead decliners by 2.8:1.

[12:00] {Threei} - VIX index -0.75% at just under 17.50

[12:07] {fernp} AIG

[12:07] {Threei} no news, as usual

[12:07] {Threei} 10-year Treasury yield rises above 4.00% for the first time since June 2009

[12:07] {Threei} - on June 11, 2009 the yield hit 4.0038% intraday

[12:08] {nemo} Oh Oh!

[12:08] {Threei} let's see whether stocks react

[12:10] {Les} not like traders weren't expecting this - look at TLT

[12:11] {nemo} traditionally, as the economy strengthened and rates were raised, stocks kept going

[12:11] {Threei} there are a lot of commentators that suggest it should roll the equities over

[12:12] {nemo} contra indicator

[12:12] {Threei} I would tend to agree with your POV, nemo

[12:12] {nemo} having siad that fcx fas and rimm are forming interesting support

[12:12] {nemo} fas just lost it

[12:12] {nemo} fcx a bit too

[12:12] {dino} nemo correct

[12:13] {dino} its when rates are dropping that stocks die

[12:13] {Threei} we see this every day... consolidation at the high, then some selling

[12:13] {Threei} so I wouldn't put a lot of significance into this downtick

[12:13] {nemo} yes, I was just pointing out potential short candidates

[12:15] {Threei} one thing that really grinds my gear... frikin loonie

[12:15] {dino} xrtx to flat

[12:15] {Threei} new 52 weeks high

[12:15] {Threei} practically at par with USD

[12:16] {Threei} RINO Discloes Q4 backlog at $100.8M (20.15, -1.03, -4.86%)

[12:18] {dino} sm l rino .30

[12:20] {strider} .

[12:20] {Les} squeezed +.05 from PMI for lunch money. some selling vol. coming in

[12:20] {nemo} rimm and fas shorts would have worked

[12:21] {dino} out rino .82, +.52 ty 3i

[12:21] {dino} xrtx out flat

[12:22] {dino} xrtx what the?

[12:23] {strider} short DLTR .47

[12:24] {dino} lps l .44

[12:26] {Threei} very nice on RINO

[12:27] {shorty} nice dino

[12:27] {gen} gj

[12:28] {dino} :D

[12:29] {Threei} I actually had you in mind posting the news, RINO is on your radar frequently

[12:29] {Threei} see, I pay attention... and some of you thought I was drunk half of the time

[12:29] {dino} yes, thx

[12:29] {Threei} when in fact it's all the time

[12:29] {nemo} nobody thinks you're drunk HALF the time

[12:30] {Threei} coming from the guy who goes to the bar for one shot of vodka and returns with three...

[12:30] {nemo} never look a gift tap in the mouth

[12:31] {Threei} no way... I was only happy to have you at that table

[12:32] {dptl} did i hear vodka?

[12:32] {Threei} there you go... what monster have I just unleashed?

[12:32] {nemo} the Kraken

[12:32] {Threei} lol

[12:32] {strider} cover DLTR +.04

[12:32] {dptl} he he

[12:32] {Threei} LVS..

[12:32] {Threei} why did we miss it earlier?

[12:33] {nemo} you were patting yourself on the back about rino

[12:33] {shorty} cause we are drunk

[12:33] {Threei} no, I mean way earlier

[12:33] {Threei} 22.20

[12:33] {nemo} have no eye deer

[12:34] {Threei} no way we would still be in but it was clean shot into .50

[12:38] {nemo} upward wedge on the indices

[12:38] {Threei} 23 breaks LVS...

[12:38] {Threei} dpn't know guys, see and decide if you like it

[12:40] {shorty} I am goin to sit out on LVS, rather watch it.

[12:40] {nemo} ahhhh....one of those....

[12:40] {Threei} me too

[12:41] {Les} happy to take it, but with market support... which presently ain't there

[12:42] {shorty} ZION will not quit.

[12:43] {Threei} which makes me lok at FITB

[12:44] {shorty} FITB , lags behind ZION..right?

[12:45] {Threei} not necessary

[12:45] {Threei} they are in the same secotr

[12:45] {Threei} regional banks

[12:46] {shorty} k

[12:48] {nemo} cree vad

[12:49] {Threei} what about it?

[12:49] {nemo} been buidling a solid base since 11:00

[12:50] {nemo} Understand the range is a bit wide right now, but 200 ma is coming into support

[12:50] {Les} I'm waiting for 200

[12:50] {Les} yeh, to give it a nudge

[12:50] {nemo} could be a break a little later

[12:50] {Threei} Preview: (US) Treasury's $8B 10-year TIPS reopening results due out just after 1PM ET

[12:50] {Threei} - $1B increase over the Oct reopening

[12:50] {Threei} - Bid to cover at the Oct reopening was 3.12 with an average of 2.35 over the last 5 reopenings

[12:50] {Threei} - Indirect bidders took 44% of competitive bids prior with 14% allotted at the high

[12:53] {nemo} cat has a jbe form also

[12:55] {nemo} look at the pileup at 65 offer

[12:57] {Threei} UNIS Receives U.S. FDA Clearance for Unitract(TM) 1mL Insulin Syringes (6.94, +1.13, 19.45%)

[12:57] {Threei} - The Unitractrange of 1mL syringes is the world's first and only known syringe that allows operators to control the speed of passive (automatic) needle retraction directly from the patient's body into the barrel of the syringe where it is locked in place.

[12:57] {Threei} - Primary target markets of the products include healthcare facilities, pharmaceutical companies and patients who self-administer prescription medication.

[12:57] {Threei} - Unilife will now immediately file an additional 510(k) with the FDA seeking clearance for the Unitract1mL Tuberculin (TB) Syringe. FDA clearance of the Unitract1mL TB Syringe, which is a variant of the Insulin syringe product, will further expand the ability of the Company to market its range of safety syringes to U.S. healthcare facilities.

[12:58] {shorty} If ZION fails to pass 23.18, you think it might be a valid set up on the short side?

[12:59] {Threei} .10 breakdown, if market drops... sure

[12:59] {strider} WYNN?

[12:59] {strider} thinking .50 break, but ....nah...

[12:59] {shorty} k...thanks

[13:00] {Threei} scalped UNIS, .55 - .94

[13:00] {Threei} probably going to cry

[13:01] {Threei} yup... crying

[13:01] {shorty} .09 short ZION

[13:01] {Threei} momo

[13:01] {Threei} loco

[13:02] {shorty} .14 is my exit

[13:02] {Threei} above it you mean

[13:02] {Threei} .14 is resistance itself

[13:02] {shorty} .15?

[13:02] {Threei} break of it is meaningful

[13:03] {shorty} k

[13:07] {shorty} out +7. Thanks Threei.

[13:07] {Threei} hey, my job becomes easier by day

[13:07] {shorty} It's your fault if I got out too early.:D

[13:08] {Threei} you find a trade, you structure it, you execute it, you profit from it - and I accept the thanks

[13:08] {shorty} lol

[13:08] {Threei} o how do I carry this burden...

[13:09] {shorty} Watching your video, you sound like a stressed out individual too Vad.

[13:09] {Threei} do I?

[13:09] {shorty} It helped seeing someone calm and composed

[13:10] {Threei} lol, you reminded me an e-mail from a guy who watched me trading live in Bahamas

[13:10] {Threei} wait, I'll find it... he used a funny comparison

[13:12] {Threei} The most amazing part of the whole experience was, you looked more relaxed trading than I do eating my sandwich - and trust me, eating sandwich is NOT a straining activity for me!

[13:13] {shorty} LOL

[13:13] {dptl} lol

[13:13] {gen} :)

[13:13] {fernp} lol

[13:14] {Threei} read 4th testimonial at our homepage

[13:14] {Threei} and the last

[13:16] {Threei} nemo

[13:16] {nemo} Vad

[13:16] {Threei} (US) TREASURY'S $8B 10-YEAR TIPS DRAW 1.709%; BID-TO-COVER RATIO: 3.43 V 3.12 PRIOR AND 2.35 AVG OVER THE LAST 5 NEW ISSUES

[13:16] {Threei} - indirect bidders take 37.47% of competitive bids with 49.67% allotted at the high

[13:16] {Threei} - direct bidders take 7.5%, dealers take 55.02%

[13:17] {Threei} can you interpret it?

[13:17] {Threei} you seem to get a handle on this

[13:18] {nemo} bid to cover good, indirect bidders not "good" but don't know what percentage indirect bidders bought last time or what the draw was last time

[13:18] {nemo} market not reacting...whaddya' think about RIMM triple bottom?

[13:18] {Threei} median 1.65%, low 1.571%

[13:19] {nemo} indirect bidders are what's important

[13:19] {Threei} - Bid to cover at the Oct reopening was 3.12 with an average of 2.35 over the last 5 reopenings

[13:19] {Threei} - Indirect bidders took 44% of competitive bids prior with 14% allotted at the high

[13:19] {nemo} definitely not as good as before

[13:19] {Threei} ok, ty

[13:20] {larisa} http://www.newyorkfed.org/research/current_issues/ci13-1/ci13-1.html

[13:20] {Threei} RIMM... hmmm

[13:20] {Threei} really can't tell, sorry

[13:21] {Threei} ty larisa

[13:21] {Threei} a bit above my pay grade

[13:21] {larisa} lol

[13:24] {Threei} I'll continue asking nemo if no one minds :)

[13:24] {larisa} I knew you can not read.

[13:24] {Threei} have I ever even tried to create opposite impression?

[13:25] {Threei} I am not a reader, and I a writer

[13:26] {larisa} http://vixandmore.blogspot.com/2009/08/introduction-to-treasury-auctions.html

[13:26] {larisa} a bit easier

[13:26] {larisa} but still need to read :)

[13:26] {Threei} tell you what

[13:27] {Threei} when you find an explanation that can fit on cereal box, and with similar degree of difficulty...

[13:27] {larisa} yes, will spend the rest of my life looking :)

[13:28] {Threei} ty in advance

[13:28] {Threei} 'cause my favorite level of brain activity is "re-read my pager... thought a lot"...

[13:30] {larisa} more you know, harder your life becomes. And you can not actually undo it and go back to being stupid and happy. So stay this way vad :)

[13:31] {Threei} I can

[13:31] {Threei} trust me, I can dumb myself down in a blink of eye

[13:32] {Threei} not very long distance call either

[13:32] {larisa} teach me then, i am tired and want to be happy :)

[13:32] {shorty} wrong larisa, a daily dose of magic mushrooms and a bottle of rye a day can undo a lot.

[13:32] {larisa} lol

[13:32] {Threei} it's all about killing brain cells en masse

[13:34] {shorty} exactly Threei, I choose to do it gradually. Slowly crawling towards dementia.

[13:35] {Threei} defending yourself from people in white gowns

[13:36] {shorty} I worked in a Alzheimer's ward once, they seemed very happy actually.

[13:38] {shorty} Though it was hard on the families that would visit.

[13:38] {Les} had me drink for the day. we in anything?

[13:39] {Les} I'll take that as a negative

[13:40] {shorty} I am out for the day, I think. Had my two good trades of the day. If Vad calls something I might join, but done shopping.

[13:40] {Les} who's killing brain cells en masse faster than me?

[13:40] {shorty} Myself or Threei, but I think you guys might have time in your corner.

[13:44] {Threei} UNIS...

[13:44] {Threei} loco in process

[13:44] {shorty} wow

[13:48] {Les} CREE .55 b/d?

[13:48] {Les} gone

[13:48] {Les} awwww maaaaaaaan

[13:50] {dino} hog hod

[13:51] {strider} thewall.com: Harley-Davidson target raised to $36 from $32 at RBC Capital

[13:51] {strider} RBC raised its price target for Harley-Davidson after channel checks indicated demand improved in March. The firm expects shares to outperform as visibility improved and reiterates an Outperform rating on the stock with an increased price target. :theflyonthewall.com

[13:52] {strider} hogwash.

[13:52] {shorty} Threei, I have found another use for the Market Muse cd.

[13:52] {shorty} I use it on long car trips to shut my kids up.

[13:52] {Threei} nice... I knew it was a real bargain

[13:54] {shorty} Seriously though Vad, your course is great. I took other courses, and this one is near the top.

[13:55] {Threei} ty

[13:55] {nemo} inverse H&S on spy and qs, might be the run

[13:59] {Threei} I dunno... market lately doesn't show late day runs

[13:59] {nemo} true

[13:59] {Threei} instead it adopted new modus operandi:

[13:59] {Threei} selling into middle of the day range,

[13:59] {Threei} weak buying at the very end,

[13:59] {Threei} then big gap,

[13:59] {Threei} run up,

[13:59] {Threei} consolidation

[14:00] {Threei} and whole cycle repeat

[14:01] {Threei} of course these things do not stay the same for very long,

[14:01] {Threei} and everything can change as we approach this 11K magnet and nerves get shot

[14:01] {Threei} but so far I'd rather stay with gther pattern we observe, than guess when and how it changes

[14:02] {Threei} also, Tiger Woods is about to start pres conference

[14:02] {Threei} market stops trading I guess

[14:02] {Threei} (that was sarcasm)

[14:07] {Threei} Market Internals update at 2:00ET

[14:07] {Threei} - NYSE volume 480M shares, about 20% below its three-month average; advancers lead decliners by 4.4:1.

[14:07] {Threei} - NASDAQ volume 1.32B shares, about 10% below its three-month average; advancers lead decliners by 2.5:1.

[14:07] {Threei} - VIX index -1.33% at just over 17.00

[14:09] {Les} pmi

[14:13] {Threei} what do you know... market did stop trading

[14:14] {shorty} Threei, on ZION was that a double bottom?

[14:14] {Threei} not really

[14:14] {Threei} tested that level more than twice

[14:15] {shorty} ok...I see, thanks

[14:24] {Threei} 54% Still Favor Repeal of Health Care Law

[14:24] {Threei} Approval ratings: Tea Party 48% Obama 44%

[14:25] {Threei} 78% Think Jesus Christ Rose from the Dead

[14:26] {RonS} 89% think Jesus' middle name starts with H

[14:29] {Threei} no single news line since 14:00

[14:29] {RonS} 11% think it is H

[14:30] {Threei} lol

[14:32] {Threei} that's dangerous line by Tiger... talking about peer support,

[14:33] {Threei} "it's amazing how many hugs I've got from the guys"

[14:33] {dino} lol

[14:33] {dptl} lol...i knew you gonna say something about that...lol

[14:34] {Threei} well, you must have noticed how I move farther form you when you move to your 5th shot of vodka...

[14:34] {dptl} roflol

[14:34] {RonS} Tiger H Woods

[14:35] {RonS} Huggybear

[14:35] {Threei} the really tough times will start when gen moves to Victoria and nemo comes to visit, so I am boxed between you all

[14:39] {Threei} ZION tries to form a breakout at .20...

[14:40] {Les} cree

[14:41] {RonS} pcx verging on 52 week hi

[14:42] {Les} pmi - missed the pullback

[14:51] {Threei} press conference ended, immediately two unrealted headlines appeared

[14:51] {Threei} seriously, it's like whole world stopped and watched

[14:54] {RonS} pcx hod on vol

[14:56] {Les} .04 and 3k off PMI has atoned for earlier sins in MON. C'mon Vad, one good setup to finish!

[14:56] {Threei} don't ask me

[14:56] {Threei} ask market

[14:56] {Threei} see it staying in place?

[14:56] {Threei} running nowhere very fast?

[14:56] {Les} damn. not even tiger could do it

[14:56] {Threei} look what pushing gets you:

[14:57] {Threei} you incur unnecessary loss in MON,

[14:57] {Threei} start hunting fot something to cover it,

[14:57] {Threei} in the same environment of non-moving market, notice

[14:58] {Threei} luckily your next find, PMI, works,

[14:58] {Threei} if it didn't which was just as likely,

[14:58] {Threei} you woyuld have looked at ruined day now

[14:58] {Threei} instead of keeping easy morning profits

[14:58] {Les} lol next time I'll shut up...

[14:58] {Threei} now, have a lok at intraday SPY

[14:59] {Threei} see early move up, and then absolute nothng?

[14:59] {Threei} see where easy money was, and where struggle started?

[14:59] {Threei} don't just shut up... learn

[15:00] {Threei} general opportunities ended after that morning move,

[15:00] {Threei} what left was special niche oportunities

[15:01] {Threei} if you are momo trader for instance, there was UNIS

[15:01] {Threei} if you are news trader, there was RINO

[15:01] {Threei} see where I am going with this?

[15:01] {dino} home

[15:02] {Threei} lol

[15:02] {Threei} think of it in terms of "official" calls and discretionary ones

[15:02] {Threei} that'll help with this distinction of general opportunities vs niche ones

[15:02] {Les} wow 7.50 UNIS b/o was beautiful

[15:11] {Threei} be back in 20

[15:13] {dino} jtp

[15:21] {fernp} Good evening everybody. See you all tomorrow

[15:22] {nemo} hasta la vista fern

[15:22] {RonS} bye fern

[15:22] {shorty} Bye fernp.

[15:22] {shorty} I might do the same thing an call it a day. I don't see any set ups and don't want to risk any of my profits.

[15:26] {Les} PMI going for 7

[15:26] {shorty} LVS is going higher

[15:28] {Les} aig

[15:29] {Threei} back

[15:29] {Threei} take care fern

[15:34] {shorty} Maybe .25 ss on LVS? If it holds .32 res

[15:34] {Threei} pretty much market dependent

[15:34] {Threei} tell you what

[15:35] {Threei} why not papertrade it?

[15:35] {nemo} .25 is the 50 ma

[15:35] {Threei} see how it goes

[15:35] {shorty} Think I will Threei.

[15:35] {Threei} build up confidence

[15:35] {Threei} without risking actual money

[15:35] {shorty} ss .24

[15:35] {shorty} LVS paper

[15:36] {Threei} plus, trail one more useful skill - staying away in uncertain times

[15:36] {Threei} switching to paper, seeing if there is something you can play conasistently,

[15:36] {Threei} then going back to real money in this kind of situations

[15:36] {Threei} raises great self-control

[15:37] {shorty} Stoped out .29 LVS

[15:37] {Threei} skill to stay away will serve you as well as skill to enter and exit

[15:38] {shorty} Staying away in uncertain times....very usefull skill Threei. You are correct. I would have taken a loss.

[15:39] {Threei} Market Internals update at 3:30ET

[15:39] {Threei} - NYSE volume 630M shares, about 20% below its three-month average; advancers lead decliners by 4.3:1.

[15:39] {Threei} - NASDAQ volume 1.69B shares, about 10% below its three-month average; advancers lead decliners by 2.4:1.

[15:39] {Threei} - VIX index -0.50% at just under 17.50

[15:40] {Threei} I seriously hate canadian dollar

[15:40] {shorty} lol

[15:40] {dino} tm

[15:40] {Threei} no news

[15:40] {Threei} what the deuce

[15:41] {Threei} TM Reportedly US plans to fine $16.4M for failing to live up to its legal obligations (80.20, -0.29, -0.36%)

[15:41] {dino} sm l .25

[15:41] {nemo} nice catch dino now get tf out

[15:42] {shorty} Threei...SMMX? Your thoughts. Not much volume though.

[15:43] {Threei} SMMX is merger

[15:43] {Threei} no play

[15:43] {shorty} k..should read the news.

[15:44] {Threei} dunno why TM reacts so violently, 18M is nothing for it comparing to their other losses in all this debacle

[15:45] {dino} out tym .65, =.40

[15:45] {dino} +

[15:45] {Threei} wtg'

[15:46] {Threei} see? niche plays

[15:46] {Threei} not traditional setups

[15:46] {Les} nice one. I was on wrong side again

[15:46] {dino} ty

[15:46] {shorty} wow nice dino

[15:47] {Threei} les, you went against dino again?

[15:47] {Les} i know i know

06[15:47] * nemo slaps Les around a bit with a large IDIOT! stick

[15:47] {Threei} here is a hint for you

[15:47] {Threei} I go against dino very seldom, and always win... know why?

[15:48] {Threei} because I do it only when I manage to get tomorrow's WSJ today

[15:48] {dino} lol

[15:48] {Threei} that's my only chance

[15:48] {Les} :s

[15:48] {shorty} What is WSJ?

[15:48] {nemo} Let me

[15:48] {Threei} wall steet journal

[15:48] {dino} not true les, figure on 3-4 misses/day for me

06[15:49] * nemo slaps shorty around a bit with a large Wall Street Journal

[15:49] {Threei} lol

[15:49] {shorty} lol

[15:49] {nemo} you and les related, shorty?

[15:49] {nemo} cat working on 65

[15:50] {dino} darn, missed hog .50 breakdown

[15:51] {shorty} Could be nemo

[15:51] {Les} just ignore him shorty

[15:51] {nemo} you got a gun?

[15:52] {Threei} ingoring nemo is easy... finding nemo is hard

[15:52] {shorty} I like that movie

[15:52] {nemo} what's worse is, you don't necessarily want to find me

[15:53] {Threei} ok, finding nemo is hard and totally unnecessary

[15:53] {dptl} lol

[15:54] {nemo} VODKA!

[15:54] {Threei} lol

[15:54] {Threei} that's his strongest argument dp

[15:54] {dptl} got me there lol

[15:54] {Threei} strange you two don't play CEDC often

[15:55] {Threei} pretty much the only vodka play in town

[15:55] {RonS} jumpin JOEZ

[15:55] {Threei} and btw, who hasn't tried Russian Standard - do youirself a favor and try it

[15:56] {Threei} reallyt premium brand, much beter than crap they feed you unde Stoli name

[15:56] {shorty} Have a great night everyone, see you tomorrow.

[15:56] {Threei} take care shorty

[15:56] {dptl} yep....true

[15:57] {larisa} later all :)

[15:57] {Threei} take care larisa

[15:57] {Threei} thank you all, have a good evening

[15:57] {Threei} see you tomorrow for 11K party

[15:57] {dptl} good evening all :)

[15:57] {gen} bye

[15:57] {Les} thanks cheers

Mar 29 2010

Very narrow day with few tradeable moves. Couple small stops and nice size win on LOCM on "official" calls side, a few nice discretionary trades, with CHK being the best, and then as icing on a cake two momo movers - FONR and SERV. Junk knows how to fly.

Session Time: Mon Mar 29 00:00:01 2010

[07:26] {KSystems} good morning

[07:26] {KSystems} hope you had a good weekend

[08:15] {nemo} I'll be in and out working on my ark today

[08:20] {strider} Rain, huh?

[08:21] {nemo} just like two weeks ago

[08:21] {strider} Had a hard one here last night, too.

[08:21] {nemo} supposed to go until Wednesday

[08:23] {strider} Clearing up here today......sunny for the rest of the week. Hitting mid-70s Wednesday.

[08:23] {strider} Taking a short walk....back in an hour.

[08:26] {Threei} 08:01 MRNA Granted US patent for cell specific delivery of siRNAs

[08:26] {Threei}

06[08:26] * nemo slaps Threei around a bit with a large GOOD MORNING

[08:27] {Threei} is it morning already?

06[08:27] * nemo slaps Threei around a bit with a large Alarm Clock

[08:27] {Threei} I guess...

[08:27] {Threei} US) Preview: Feb PCE Core M/M, PCE Core Y/Y and PCE Deflator Y/Y due at 8:30am

[08:27] {Threei} Consensus expectations:

[08:27] {Threei} - PCE Core M/M: 0.1%e v 0.0% prior.

[08:27] {Threei} - PCE Core Y/Y: 1.3%e v 1.4%

[08:28] {Threei} (US) Preview: Feb Personal Income, Spending and PCE data due at 8:30 am ET

[08:28] {Threei} - Personal Income: 0.1%e v 0.1% prior

[08:28] {Threei} - Personal Spending: 0.3%e v 0.5% prior

[08:30] {Threei} *(US) FEB PERSONAL INCOME: 0.0% V 0.1%E; PERSONAL SPENDING: 0.3% V 0.3%E

[08:30] {Threei} - Prior Personal Income revised XXX from 0.1% to 0.3%

[08:30] {Threei} - Prior Personal Spending revised XXX from 0.5% to 0.4%

[08:30] {Threei} *(US) FEB PCE CORE M/M: 0.0% V 0.1%E; Y/Y: 1.3% V 1.3%E; PCE DEFLATOR Y/Y: 1.8% V 1.8%E

[08:31] {Threei} 08:31 YONG Raises FY10 guidance

[08:44] {Threei} MRNA, quite a run

[08:50] {fernp} Good morning everybody

[08:50] {Threei} fern :)

[08:51] {Les} afternoon all

[08:52] {Threei} Les :)

[08:57] {strider} nemo, is FSC working up there?

[08:58] {Les} anything on the menu vad?

[08:58] {strider} rebooting mIRC.

[08:59] {Threei} MRNA, ABIO

[08:59] {Threei} YONG

[08:59] {Threei} and usual suspects

[09:00] {Les} ty

[09:01] {Threei} USD/CAD (CA) Canada Treasury Board Sec Day: Strong CAD currency is good

[09:01] {Threei} it's official, he is out of his mind

[09:02] {Threei} MNKD

[09:02] {Threei} MannKind Corporation Achieves All Milestones of Research Agreement with Multiple Myeloma Research Foundation to Develop New Therapy

[09:08] {gen} gm all

[09:08] {Threei} gen :)

[09:08] {nemo} gm

[09:08] {gen} :)

[09:08] {gen} :)

[09:09] {Les} hey scumbag

[09:09] {Les} Nemo that is, not gen:)

[09:09] {gen} :(

[09:11] {Les} oops. scumbag has nastier connotations in American slang than Ozzie

[09:11] {nemo} ?

[09:11] {Les} me talking to myself. forget it

[09:13] {shorty} Good morning

[09:13] {Threei} shorty :)

[09:14] {dino} gm all

[09:14] {ese} gm

[09:14] {Threei} dino, welcome back

[09:14] {Threei} ese :)

[09:15] {dino} thx

[09:15] {dino} apol good move/report, watching esi, ceco, cpla, dv off it

[09:15] {Threei} read this guys, and tell me what it reminds you of:

[09:15] {ese} yo dino!

[09:15] {Threei} (EU) IMF's Strauss Kahn: EU could enforce fiscal compliance using aid

[09:15] {dino} yo ho ho es

[09:16] {nemo} sounds like the FEDS telling the states what to do

[09:16] {Threei} I have better analogy

[09:17] {Threei} fiscal compliance using aid - lawyer language for what is well known as "protection money"

[09:17] {dino} carrot and a stick

[09:17] {Threei} ancient method of all mafia dealings

[09:21] {Threei} ese, in case you missed it

[09:21] {Threei} keep an eye on MRNA

[09:21] {Threei} your type of stock, thick and liquid

[09:21] {Threei} patent news

[09:21] {shorty} Thanks Theei

[09:22] {Threei} welcome... for what?

[09:22] {shorty} MRNA

[09:22] {Threei} let's profit from it first :)

[09:23] {shorty} got it

[09:24] {Threei} QCOR Sidoti Initiates QCOR with Buy, price target: $14

[09:24] {larisa} gm all :)

[09:25] {Threei} larisa :)

[09:25] {ese} tks vad will do........

[09:25] {shorty} SNSS Threei? Unusual heavy volume, in the news.

[09:25] {lasertrev} morning

[09:26] {Threei} Friday, March 26, 2010 11:39:03 AM

[09:26] {Threei} Sunesis Pharmaceuticals Inc Hearing Formula Capital's Altucher makes positive comments (timing uncertain)

[09:26] {Threei} *** Reminder back in 12/07 we saw the company move higher on positive phase 2 data results.

[09:26] {Threei} trev :)

[09:26] {ese} you thinkin another aboi vad?

[09:26] {Threei} that's all I see on it, shorty

[09:26] {Threei} well, it's too thick for such a hge move

[09:26] {Threei} ABIO was/is a thin one

[09:27] {nemo} yeah but it's traded almost 900k shares this morning

[09:27] {Threei} and honestly, I am not a bluiever in patnet news a mover, it's usually largely ingored

[09:27] {Threei} ABIO case was abnormality

[09:27] {ese} indeeedeee

[09:27] {jfjf64} mornin

[09:27] {Threei} so, I'd treat MRNA as a mover to read by usual setups

[09:27] {Threei} jf :)

[09:28] {Threei} where news wprkled as a catalyst for activity

[09:30] {ese} jf

[09:30] {Threei} WFC, watchin for pullback

[09:31] {Threei} should be interesting around .20

[09:32] {Threei} .40 break if holding above .30, but only if market spikes sharply

[09:32] {Threei} this kind of entries fails too often

[09:34] {Threei} MRNA...

[09:35] {nemo} abio crash & burn

[09:36] {Threei} WFC, getting more inetersting

[09:36] {nemo} bounce at .15?

[09:37] {Threei} with market reversal

[09:37] {nemo} .20 cross?

[09:37] {Les} our MRNA +.10. it caught my eye too

[09:38] {Les} wfc .25 break?

[09:38] {Threei} I'd prefer .20 but was late to type it

[09:39] {Les} mnkd crappin it

[09:39] {Threei} let's tr to get it on pullback

[09:39] {Threei} with stop under .14

[09:39] {Threei} MRNA pulled back into .40 support

[09:39] {Threei} dive under .40 and recross for long

[09:40] {Threei} Long Setup: WFC .20 break

[09:40] {Threei} if holding above .15

[09:41] {Threei} Long Setup: MRNA .40 break if holding above .35

[09:41] {Threei} if losing it, same setup .30 - .35

[09:42] {Threei} WFC no go

[09:42] {nemo} ba strong this morning

[09:43] {jfjf64} chk

[09:43] {jfjf64} 23 break

[09:43] {dino} dwa

[09:44] {Threei} if holding above .90 jf

[09:44] {jfjf64} y

[09:44] {Threei} if loses it, should be a bounce from .75

[09:45] {Threei} (US) USPS Postmaster General confirms proposal to cut deliveries to five days a week from six by early 2011 (related UPS FDX NFLX )

[09:45] {Threei} saturday without mail - oh horror

[09:46] {nemo} ba momo, weird

[09:47] {dino} l wfc .15

[09:47] {Threei} CHK getting ready

[09:51] {fernp} .

[09:53] {strider} .

[09:53] {RonS} .

[09:53] {ese} mrna.....will have to wait for noon hour consolidation....get in this afternoon

[09:54] {Threei} probably

[09:54] {Threei} this kind sometimes becomes late bloomer

[09:54] {ese} posibly the same with abio

[09:54] {jfjf64} rimm missed

[09:54] {Threei} ABIO Hearing Harry Boxer makes positive comments (timing uncertain) (6.90, -1.32, -16.06%)

[09:54] {nemo} hey VAD, abio broke below where we tried to short it Friday and hasn't looked back

[09:54] {Threei} yeah

[09:55] {jfjf64} in rimm .31

[09:55] {Les} abio has pivot support .91

[09:55] {Threei} CHK 1:1 is within reach

[09:55] {jfjf64} y

[09:55] {jfjf64} rimm

[09:55] {nemo} missed that call

[09:55] {ese} dino...check out th daily on ctrp....this will explode one day. huge gap

[09:56] {dino} wfc stopped -.06

[09:56] {strider} didn't see a call, CHK

[09:56] {nemo} yeah, me neither

[09:56] {dino} ok

[09:56] {Threei} not a call per se, comment to jf's question

[09:56] {jfjf64} ba hum bug

[09:56] {Threei} [09:43] {jfjf64} chk

[09:56] {Threei} [09:44] {Threei} if holding above .90 jf

[09:56] {Threei} [09:44] {jfjf64} y

[09:56] {Threei} [09:44] {Threei} if loses it, should be a bounce from .75

[09:57] {jfjf64} ty vad

[09:57] {dino} not showing gap es, ctrp

[09:57] {dino} recent split

[09:57] {ese} ahhhhhhhhhh

[09:58] {ese} my appologies.......just saw the 70 dn to 35 and assumed gp

[09:59] {Threei} TEVA Pfizer sues TEVA to block generic version of Viagra (63.55, -0.23, -0.36%) (related PFE )

[09:59] {dino} np dude

[09:59] {dino} it's a pulp type tho

[10:00] {Threei} Long Setup: CAT .40 break

[10:00] {Threei} half lot

[10:00] {dino} that teva suit is a hard one to win

[10:00] {Threei} if stays above .30 for scalpers, .25 for day traders

[10:02] {nemo} short if it loses .25?

[10:02] {Threei} nah

[10:03] {Threei} just invalidation

[10:03] {jfjf64} chk settin up nice 5 min vad we gonna get paid

[10:03] {dino} nemo, dwa db in making?

[10:03] {Threei} looks good to me for more than scalp jf

[10:03] {Threei} with any market help

[10:03] {jfjf64} 1000 percent sensi

[10:04] {nemo} if holds .28 dino and volume comes in on tests

[10:04] {Threei} Apple Inc May be preparing to announce a mobile advertising system - MediaPost (update)

[10:04] {Threei} - Report speculates that Apple may launch "a new personalized, mobile advertising system" named iAd on April 7. The article speculates that the service could be heavily focused on location-aware advertising.

[10:04] {nemo} imo

[10:04] {Threei} over 1:1 CHK

[10:04] {Les} half out chk. ty jf

[10:05] {dino} gj

[10:07] {ese} L mrna .39

[10:08] {Threei} Long Setup: LOCM .50 break

[10:09] {Threei} loco candidate, not for faint heart

[10:09] {nemo} would be a dino stock if the spread were .15 or .20 greater

[10:10] {dino} agnc

[10:10] {dino} vprt

[10:12] {nemo} wow, damn breaks at .50 on locm

[10:12] {jfjf64} blast off chk

[10:13] {Threei} Short Setup: SCO .60 break if holding under .65

[10:13] {Threei} CHK 1:2

[10:14] {ese} out mrna .43 +.04

[10:14] {Les} all out chk ty jf

[10:15] {jfjf64} my pleasure

[10:17] {strider} short SCO .59

[10:18] {jfjf64} csiq

[10:18] {Les} l ABIO .12 small shares

[10:21] {dino} dwa l .30

[10:21] {Threei} One Week Later, 54% Favor Repeal of Health Care Bill

[10:21] {nemo} next bounce point .05 methinks dino

[10:22] {dino} too soon stopped

[10:22] {nemo} capitualtion volume on that down spike

[10:22] {dino} yes

[10:22] {dino} .25 maybe

[10:22] {strider} stopped SCO

[10:23] {Threei} yeah

[10:23] {fernp} stopped SCO

[10:23] {Threei} Technical Analysts at BoA/Merrill Lynch comment on market levels; Continue to expect only limited S&P pull backs with path of lease resistance still to the upside

[10:23] {dino} ok

[10:23] {ese} L cbg .78 agressive entry

[10:24] {ese} well.7798635 to be exact

[10:24] {shorty} lol

[10:24] {Threei} MRNA deep pullback ese

[10:25] {ese} just looking at that

[10:25] {ese} l .35 per chance

[10:26] {jfjf64} lookin su 5 min

[10:26] {dino} scanners all green

[10:27] {dino} now all red, hmmm

[10:27] {Threei} lol

[10:27] {strider} long CHK .16

[10:28] {Threei} treat it as a scalp only strider

[10:28] {strider} yep. trying to get to .25

[10:28] {Threei} pullback is too deep to consider uptrend intact

[10:29] {Threei} even .25 is probably a stretch

[10:29] {Threei} market spike may help

[10:29] {ese} real narrow range on this cbg vad.......although the T&S is going strong like it was

[10:29] {Les} u got a read on fitb vad?

[10:29] {ese} isn't

[10:30] {Threei} not at all

[10:30] {Les} ok

[10:30] {Threei} CBG had GS upgrade

[10:31] {fernp} FAZ interesting here

[10:31] {ese} good

[10:31] {Threei} CB Richard Ellis Group, Inc. Goldman Sachs upgrades to Buy from Neutral; adds to Americas Conviction Buy List

[10:31] {Threei} - Raises price target to $18 from $10

[10:31] {Threei} don't know ese, toughie

[10:31] {ese} doesn't appear to be strong enough to break .80 now

[10:32] {ese} might take a couple of cents loss here

[10:33] {fernp} FAZ 1:1

[10:33] {Threei} QCOR...

[10:34] {Threei} daily's nice

[10:34] {Threei} market cooperation is very questionable

[10:37] {strider} still waiting on LOCM?

[10:37] {Threei} yes

[10:37] {Threei} combination of .50 resistance on daily and huge offer

[10:38] {Threei} but it's a typical momo candidate, not your usual stock

[10:38] {fernp} what is the stop for LOCM, Vad?

[10:38] {dino} pwrd sm l .00

[10:38] {Threei} under .30 - .35 zone

[10:38] {fernp} ty

[10:39] {Threei} grrr QCOR

[10:40] {Threei} you took MRNA this time ese?

[10:40] {RonS} tie at 52 wk high on gs upgrade of pcp and aerospace comments...entry on breakout and pullback?

[10:42] {Threei} I'd love pullback to .90

[10:42] {Threei} but may have to go for a break

[10:43] {Threei} if breaks, stops are: for a scalp under .90, for day trade under .8

[10:44] {RonS} ty

[10:44] {ese} hey vad...missed it was watching cbg

[10:47] {Threei} something is off about today

[10:47] {Threei} market can't decide which way

[10:48] {Threei} my strong feeling is up

[10:48] {Threei} but it does everything possible to shake out every trade

[10:48] {Threei} TIE, with .05 break can trail stop to under .95

[10:49] {Threei} if SPY breaks 117.3 direction should become clearer

[10:49] {jfjf64} btu

[10:49] {jfjf64} .50 break

[10:50] {Threei} scalpers trail stop to under .95

[10:50] {Threei} day traders to under .90

[10:50] {ese} how bout mrna on this pback vad?

[10:51] {strider} CHK 1/2 out +.09\

[10:51] {Threei} depending on market action, ese.. if continues hesitating, wait for a drop to under .35, closer to .30 or even under

[10:51] {Threei} good patience strider

[10:51] {Les} stopped ABIO

[10:52] {Threei} Citigroup Inc US Treasury to release share sale contract plan within 48 hours time; confirms will be an 'at the market' offering

[10:52] {Threei} - Treasury has no forecast on how much profit it will make from the sale

[10:52] {nemo} no profit to forecast, that's why

[10:52] {Threei} do we know what price they got for their share?

[10:52] {Les} sco was a rinse out

[10:52] {nemo} so...it's gonna' tell everybody it's trading plan, that should insure a loss

[10:52] {Les} coming down nicely now

[10:52] {Threei} yeah, SCO was distgusting rinse

[10:53] {nemo} abio vad

[10:53] {ese} out cbg .87 +.10

[10:53] {Les} thanks ese. half out cbg

[10:54] {Threei} good job guys

[10:54] {ese} ahhhhh cool......i should have done that......I keep forgetting to go 1/2 out....old habit

[10:54] {fernp} EMC short .25 break, Vad? just for a scalp

[10:54] {Threei} good to see you are finding trades for each other on a day when I am off

[10:55] {jfjf64} lets watch boli

[10:55] {Threei} chart is right fern, but this is exactly kind of charts that get rinsed today

[10:55] {ese} I think your gonna get more out of it les

[10:55] {jfjf64} sorry ignor

[10:56] {fernp} ty vad

[10:56] {ese} nice les cbg........well done

[10:57] {Les} out another 1/4

[10:58] {shorty} Long TIE 17.04

[10:58] {Threei} why chasing?

[10:59] {shorty} Going with the trend?

[10:59] {Threei} yes, but trigger was 17 break

[10:59] {shorty} I see.

[10:59] {Threei} why buy so late and higher?

[10:59] {shorty} Good thing I play small shares.

[11:00] {Les} all out CBG

[11:00] {Les} fas breakout

[11:00] {ese} how many shs les?

[11:01] {fernp} Vad, i think you posted TIE 17.05 break w/stop under .95

[11:01] {Les} 1k

[11:01] {Threei} no

[11:01] {Threei} that was for TRAILING sto[

[11:01] {shorty} He did, that is why I bought. But maybe I misunderstood him.

[11:01] {fernp} ok, sorry

[11:01] {ese} well done

[11:01] {Threei} [10:48] {Threei} TIE, with .05 break can trail stop to under .95

[11:02] {dino} sm l ehth .50

[11:02] {shorty} That is what I thought Threei, I miss read your post.

[11:02] {Threei} original trigger was 17

[11:02] {Threei} [10:43] {Threei} if breaks, stops are: for a scalp under .90, for day trade under .8

[11:03] {shorty} Thanks Threei...for your input.

[11:05] {strider} CHK stop to .24

[11:05] {Threei} well [played strider

[11:06] {strider} thanks.

[11:06] {Les} gotta ask ese, how many shares u had on cbg?

[11:06] {dino} gj

[11:06] {Threei} NEXM Files Investigational New Drug Application with FDA for Cancer Drug Candidate (0.46, +0.03, 6.74%)

[11:07] {fernp} EMC 1:1

[11:08] {Threei} wow NEXM

[11:10] {Threei} (EU) IMF's Strauss Kahn: In harmony with the EU's Greece debt plan

[11:10] {Threei} - Recovery remains multi speed, EU lagging Asia and the Americas.

[11:10] {Threei} - hopefuly for a China CNY revaluation as it is still undervalued

[11:11] {Threei} look at frikin SCO

[11:11] {Les} yeh pissed about that

[11:12] {RonS} sco, could not short...and i forgot about dig and dug

[11:15] {nemo} ba real strong today

[11:16] {strider} stopped CHK +.07

[11:17] {Threei} very well structured and disciplined play

[11:17] {Threei} I wasn't delighted by entry idea but you managed it just right

[11:18] {strider} had .05 stop on it.

[11:18] {RonS} out tie 17.14 +.18 1:3

[11:18] {Les} half out TIE ty Ron

[11:18] {shorty} I got out of TIE early..

[11:19] {strider} out TIE +.14

[11:19] {fernp} me too TY Vad

[11:19] {Threei} me just commented

[11:19] {Threei} Ron found it

[11:20] {RonS} nemo, ba story is same as pcp and tie: gs comments

[11:20] {nemo} thought it migt be te apparent resolution of the wing problem

[11:21] {RonS} imo, we need to be dogging ag stocks. when commods are strong ag has lagged. but look at MOS. Missed it with tie focus

[11:22] {Threei} TIE nears 1:1 for day traders

[11:23] {Threei} LOCM 1:1, half out

[11:23] {Threei} scalpers know what to do

[11:23] {nemo} forgot all about that one

[11:24] {Threei} great

[11:24] {nemo} yeah

[11:24] {Threei} my best call so far

[11:24] {shorty} Awesome

[11:24] {Threei} well... the only good call, lol

[11:24] {nemo} I wasn't going to say it

[11:24] {Threei} and you ignore us both

[11:24] {Threei} me and call

[11:24] {Threei} we are deeply hurt

[11:24] {nemo} no..forgot...ignore is a conscious effort

[11:25] {nemo} mos at support

[11:27] {Threei} TIE over 1:1 for day traders, 1:2 for scalpers

[11:27] {Threei} beautiful find Ron

[11:28] {Les} yes ty

[11:28] {RonS} np, thnks for entry instruction...timing is everything

[11:29] {strider} ASH, news? IT's rockin'

[11:29] {dino} pwrd stopped

[11:29] {dino} -.26

[11:29] {Les} sco .55 break? .50 stop

[11:29] {Threei} nothing fresh

[11:30] {Threei} can't tell Les, no read by me

[11:31] {Les} k

[11:32] {RonS} pwrd never started

[11:33] {RonS} dino...:)...how'd u shoot?

[11:34] {dino} ok, little rusty

[11:34] {dino} good time, great weather

[11:34] {strider} windy ?

[11:34] {dino} yes

[11:34] {dino} but 75 and sun

[11:35] {strider} Play the 19th hole?

[11:35] {dino} indeed

[11:36] {Threei} with this latest Moscow news... isn't the idea of Olympics in Sochi beyond scary?

[11:36] {Les} which olympics and where?

[11:36] {nemo} well, there was the story of exploding breast implants last week, so, nowhere is safe

[11:36] {Threei} next winter games...

[11:36] {dino} could happen anywhere. the way the world is going

[11:37] {nemo} buy more bullets

[11:37] {Threei} yes but Sochi is right in the unstable region

[11:37] {nemo} spy at trend support

[11:37] {Threei} as close to war zone as you can get without being right in the crosshair

[11:38] {Les} what, the caucuses?

[11:38] {Threei} yes

[11:38] {Les} lol, ouch

[11:38] {dino} interesting times

[11:38] {RonS} saw some exploding implants on dancing w/ the stars

[11:39] {Threei} less than 100 points to 11K again

[11:39] {Threei} not today most likely, but this week

[11:39] {dino} lol ron, but yeah, wow

06[11:39] * Threei slants at larisa

[11:40] {larisa} :)

[11:42] {Threei} GR) Greece confirms prices 5B in 7 year bonds at 310bps/swaps; coupon 5.9%

[11:43] {nemo} locm looks like maybe ready for second leg

[11:46] {fernp} any read in RON , Vad?

[11:46] {fernp} ROK

[11:46] {Threei} ROK is really narrow, would require big market spike to produce anything worthy

[11:47] {fernp} ty

[11:51] {strider} CHK at hod

[11:54] {Threei} GR) Fitch notes outlook for Greece remains negative

[11:54] {Threei} {Greece} Fitch, want to know what I think of YOU?

[12:00] {Threei} SEED Sees revenues revenues up modestly y/y; expect gross profit for FY10 to double y/y (10.30, +0.05, 0.49%)

[12:01] {ese} L abio .75

[12:01] {Threei} SEED momo candidate

[12:03] {ese} am long there too at .25

[12:04] {nemo} wow

[12:04] {ese} just BS luck......

[12:04] {dino} pwrd last try l .60

[12:04] {shorty} nice

[12:05] {ese} small though....was basically starting to dable olny 5k

[12:08] {ese} out 1/2 seed .55 +.30

[12:14] {dino} gj

[12:14] {ese} tks

[12:16] {Les} YONG is creeping up. looking like a b/o candidate

[12:16] {nemo} offer at .45

[12:18] {Les} MRNA about to get squeezed between 50 & 200. a break is coming

[12:19] {Les} ...maybe

[12:19] {dino} out pwrd .88, +.28

[12:19] {Les} got it this time gj

[12:20] {dino} thx

[12:26] {dino} pwrd drops again

[12:28] {nemo} half that large offer disappeared on yong

[12:28] {dino} dwa .15 wall

[12:29] {dino} reagan getting it

[12:29] {nemo} ?

[12:29] {dino} tear down that wall

[12:29] {nemo} Mr. Gorbachev

[12:29] {dino} :)

[12:30] {ese} nice dino....just checked that out....wayta catch the runup

[12:30] {dino} ty

[12:30] {dino} took me a bit to get into my zone

[12:30] {Les} MRNA not shortable

[12:31] {dino} blaming it on too much tequilla last week

[12:32] {Threei} it is here Les

[12:32] {Threei} want me to short it for you?

[12:33] {dino} nemo, vprt?

[12:34] {Threei} guys, quick question, just for me to have an idea

[12:35] {Threei} anyone tried/intends/has interest to venture into Forex market?

[12:35] {dino} at this point in time, no

[12:38] {nemo} sorry dino walked away for a minute (chasing rabbit) let me look

[12:40] {nemo} double top looks short on the daily and looks weak today dino

[12:40] {dino} thx

[12:40] {nemo} got bounce off 50 day ma

[12:41] {nemo} 56.80 was hourly support

[12:41] {shorty} Threei, I do. But I would like to get a handle on scalping first.

[12:41] {RonS} http://blogs.barrons.com/techtraderdaily/2010/03/29/vistaprint-slips-as-craig-hallum-downgrades-sees-ests-falling/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+barrons%2Ftechtraderdaily%2Ffeed+%28BARRONS.com+Blog%3A+Tech+Trader+Daily%29

[12:42] {nemo} having said that, hourly resistance between 58.80 and 59.60,

[12:42] {nemo} resistnce on one minute at .20, not big R&R especially if market ends up doing what it did the last two days

[12:42] {dino} was feeling sm l around 57.50 if got there

[12:43] {nemo} yeah, depending on stop, because of the open air above 5880

[12:43] {nemo} 58.80

[12:44] {Threei} shorty, not really planning to do Forex... reason I ask is, we get a lot of questions about brokerages for Forex, so we did a little study to find reliable one with decent conditions

[12:44] {nemo} you find a good forex bucket shop did ya'?

[12:44] {dino} lol

[12:44] {nemo} there goes vprt

[12:44] {Threei} no, actual broker for aactual market :)

[12:45] {dino} see about 10:40 57.50 area

[12:46] {shorty} A friend of trades Forex. It's a hard one to master, I am told.

[12:46] {dino} waiting for it

[12:46] {strider} where, dino?

[12:46] {nemo} see if volume comes in

[12:47] {shorty} Nothing is easy in the market either, well for me anyhow.

[12:47] {dino} vad, would rather and am, adding r.e. instead of forex

[12:47] {dino} 57.51

[12:47] {strider} Any interest in the mini futs, vad?

[12:48] {Threei} no

[12:48] {Threei} been there done that

[12:48] {nemo} how about tulips?

[12:48] {Threei} as a standalone vehicle, not inteersted,

[12:48] {KSystems} lol nemo

[12:48] {nemo} Let's go to california and raise marijuana

[12:48] {strider} tulips can only go up.

[12:48] {Threei} as a supplementary one, sure, but you can do pretty much the same with ETFs, so why bother with different brokers, accounts and regulations

[12:48] {shorty} Why nemo? I can do it at home.

[12:49] {nemo} it's legal there...you can sell it for medicinal purposes

[12:49] {shorty} You are in California?

[12:49] {nemo} no...about as far away as you can get

[12:50] {nemo} kinda' worse actually, I'm in Massachusetts

[12:50] {nemo} They don't call us Massholes for nothing

[12:50] {shorty} Massholes?

[12:50] {nemo} citizen of massachusetts=Masshole

[12:50] {shorty} lol

[12:51] {shorty} I was thinking that, but wanted to confirm it.

[12:51] {nemo} citizen of Maine=maineac

[12:51] {KSystems} nemo: Theres a popular sketch here where a family gets a piano from their aunt in Massachusetts

[12:51] {nemo} Ein Steinweg?

[12:51] {KSystems} and the delivery guys being unable to pronounce it

[12:51] {nemo} hehehehe

[12:51] {KSystems} i dont know, thats not the deal :P

[12:52] {KSystems} you remember Loriot?

[12:52] {nemo} no

[12:52] {KSystems} ah ok

[12:52] {KSystems} he wrote that sketch

[12:52] {KSystems} one sec

[12:52] {nemo} Sie koenne mit dem epost schicken, nicht wahr?

[12:53] {nemo} forgot the "n"

[12:53] {KSystems} damn i cant find it on youtube

[12:54] {dino} pwrd l .56

[12:55] {nemo} abio=short and forget

[12:56] {Threei} US) Treasury Dept to announce up to $600M expansion of housing fund to support hardest hit regional markets

[12:56] {Threei} - will focus on Ohio, Oregon, North and South Carolina

[12:56] {Threei} lordy...

[12:56] {nemo} the absurdity is beyond the pale

[12:56] {ese} gotta go all...see you tomorow

[12:56] {strider} oh good. Me wants it.

[12:56] {Threei} get out of this "supporting" business, you can't support anything, you just pospone inevitable and worsen the outcome

[12:56] {shorty} Bye ese

[12:56] {Threei} take care ese

[12:57] {ese} cya

[12:57] {dino} cya es

[12:59] {shorty} SERV Threei?

[12:59] {shorty} Thoughts, that is all

[12:59] {dino} 3i, you miss his point, he's buying votes

[13:00] {Threei} momo mover shorty, thin and scary as hell

[13:00] {shorty} k

[13:00] {nemo} yeah...Vad's so naive

[13:01] {dino} serv contract win 8.7 m

[13:01] {dino} pwrd stop is .47 fwiw

[13:01] {Threei} Servidyne (SERV) Announces Its Largest Energy Savings Contract to Date; $8.7M contract over 12-24 months

[13:01] {Threei} - client is US retailer to seeking to improve the energy efficiency of 600 facilities

[13:03] {nemo} geez...think 96 important level for fas?

06[13:04] * nemo slaps Threei around a bit with a large bottle of memory pills

[13:05] {strider} Can I have a couple of those?

[13:05] {Threei} of what?

[13:05] {Threei} I forgot

[13:05] {strider} memory pills.

[13:05] {nemo} pamprin...for crissakes

[13:05] {Threei} those who learn to play loco, aka momo, observe SERV

[13:05] {shorty} Threei SERV, what are your thoughts?

[13:06] {nemo} HS!

[13:06] {Threei} thoughts??

[13:06] {shorty} Playing with the memory jokes

[13:06] {Threei} look the room topic

[13:06] {nemo} looking for pace change

[13:06] {dino} my thgt 8 million order just doubled company?

[13:06] {nemo} hopefully off pullback

[13:06] {strider} candles indicate probable reversal.

[13:07] {Threei} dino... look at ABIO friday run

[13:07] {nemo} like to see it around 5

[13:07] {Threei} news: lame patent

[13:07] {dino} yeah, saw that

[13:07] {dino} i understand, just confused

[13:07] {dino} hmm, guess i don't then

[13:08] {Threei} CBAK Ticking higher on chatter of possible contract win with Samsung (2.56, +0.22, 9.40%)

[13:11] {shorty} MS Threei?

[13:12] {Threei} if market reverses and goes up from here, .15 would be a long trigger on it

[13:14] {dino} stopped pwrd

[13:18] {nemo} is serv an ipo?

[13:19] {dino} no

[13:19] {dino} 3 year chart shows

[13:19] {Les} couldn't find it either on freestockcharts

[13:19] {nemo} well, I have no data before today on laser

[13:19] {dino} cyber has it

[13:21] {Threei} nemo?

[13:21] {Threei} all data is in

[13:21] {nemo} ?

[13:21] {nemo} I believe you, I just don't have access to it here

[13:21] {Threei} how can it be?

[13:21] {Threei} do you have daily chart up?

[13:22] {shorty} Long 2916 MS

[13:22] {shorty} 29.16

[13:22] {nemo} funny...on the minute chart, I only have today

[13:22] {Threei} one min, sure

[13:22] {Threei} call up daily

[13:23] {nemo} yeah, I have daily

[13:23] {Threei} and nothing before today??

[13:23] {nemo} I have daily data, and should have 5 days worth in minute data, but don't

[13:24] {Threei} strange

[13:24] {nemo} well....yes, I am

[13:24] {Threei} the only suggestion I can make is volume was so miniscule, your computer doesn't discern it

[13:24] {Threei} and it really was

[13:25] {Threei} 5K

[13:25] {Threei} some days zero

[13:26] {Threei} today's volume spike stands out like pepsi cola kiosk in the middle of Sahara

[13:27] {dino} there's a picture

[13:27] {strider} long ASH .71

[13:30] {strider} out .83 +.12

[13:30] {shorty} Should have went with you strider, nice.

[13:31] {strider} Well I missed the pop....but had my offer in.

[13:32] {strider} CHK at hod

[13:33] {dino} gj

[13:33] {strider} :)

[13:33] {dino} pwrd l .50

[13:35] {shorty} out ms -.10

[13:36] {Threei} sudden market drop

[13:36] {Threei} no news that I see

[13:36] {shorty} I felt it.

[13:37] {strider} just letting some air out of the tires.

[13:43] {Threei} FONR Strength in MRI names attributed to NY Times article yesterday discussing dangers of CT scans; FDA ignored warnings from experts on CT scans

[13:43] {Threei} another mover from hell?

[13:44] {Les} isn't this what you defined as the top? all this crap going ballistic?

[13:44] {Les} the market top

[13:45] {dino} vprt hl l .75

[13:45] {Threei} this is what you usually see near the top yes

[13:46] {dino} that sucked

[13:47] {strider} It sure did, dino. Sorry.

[13:47] {dino} my fault

[13:47] {dino} thought breakout was coming

[13:47] {strider} I think you should hold vad responsible.

[13:47] {dino} ok

[13:47] {dino} coming back, stop is .47

[13:48] {nemo} no...it's magoo's fault...never blame somebody who is here to defend themselves

[13:48] {dino} lol

[13:48] {Threei} good idea nemo

[13:48] {nemo} :)

[13:48] {fernp} lol nemo

[13:48] {nemo} you used it against me when I wasn't here once

[13:49] {strider} Maybe nemo will leave early again today.

[13:49] {nemo} Yeah, I'm driving to North Carolina tonight

[13:49] {strider} Oh good.

[13:49] {nemo} hehehehe

[13:49] {dino} lol

[13:49] {nemo} gotta' get the ark finished first

[13:49] {strider} I'll get my 'people' together.

[13:50] {nemo} I can see Liam Neeson in "Next of Kin

[13:50] {strider} THe North Carolina Order of Retribution Tong.

[13:50] {Threei} FONR on the lam

[13:50] {nemo} Chinese Hillbilly? Now I've heard everything

[13:50] {shorty} nemo, one place that I really like is Anderson, SC. Will remember it for a long time. Beautiful country down there.

[13:50] {strider} what was her name?

[13:50] {shorty} lol

[13:50] {nemo} Yeah, had some friends in Anderson

[13:51] {nemo} lived there for a while in the 80's

[13:51] {shorty} I was a long haul truck driver, I forget her name. She was cheap though.

[13:52] {nemo} Truckstop Betty

[13:52] {shorty} You know her too!

[13:52] {shorty} good gal she was.

[13:52] {nemo} ehhh....nevermind

[13:52] {nemo} that whole watermelon through.....nevermind

[13:52] {shorty} lol

[13:53] {Threei} you are threading dangerously close to the limit of me having to edit the log

[13:53] {Threei} and I seriously hate to do that

[13:54] {nemo} well...it's about time for trades to start popping up again

[13:54] {jfjf64} hey what kinda room ya runnin vad

[13:54] {Threei} I thought trading one

[13:54] {Threei} but as you can see clearly, I was wrong

[13:54] {RonS} redneck

[13:55] {jfjf64} ivan will be stoppin by soon

[13:55] {nemo} ?

[13:55] {fernp} AMZN, Vad? you think is a valid breakdown?

[13:55] {Threei} I think so

[13:56] {Threei} just remember its volatility

[13:56] {Threei} can't really play it with tight stop

[13:56] {shorty} MS took me out. Bad for me.

[13:56] {Threei} that was heck of a sudden market drop shorty

[13:57] {dino} still in, but thing is a dog

[13:57] {fernp} above .72 is valid stop, vad?

[13:58] {shorty} This is why I play 200 shares Threei. I am still a young grasshopper

[13:58] {Threei} yes... don't you hate it?

[13:58] {Threei} I prefer to play it differently fern

[13:58] {Threei} aggressive entries

[13:58] {fernp} true

[13:58] {fernp} i hate it

[13:59] {Threei} there

[13:59] {Threei} it came into resistance,

[13:59] {Threei} now wait for it to form mini range,

[14:00] {Threei} and shoer break of it with market turning down

[14:02] {nemo} volume pathetic

[14:02] {nemo} except in sp500 not too bad

[14:02] {Threei} SEC has reportedly requested inforamtion from 24 large institutions on repurchase agreements

[14:03] {dino} shocking

[14:03] {nemo} what...that they even asked?

[14:03] {dino} yeah, next they'll want nemo's short records

[14:04] {nemo} yeah, I've got the massive buying power to move markets

[14:07] {Threei} quite narrow today

[14:09] {dino} yes

[14:11] {shorty} STX ?

[14:11] {Threei} EPE Halted; news pending (43.54, +0.31, 0.72%)

[14:11] {Threei} 14:09 DEP Halted: News pending

[14:11] {Threei} - note: both EPB and DEP are natural gas liquid pipeline companies. (26.87, -0.06, -0.22%) (related EPB )

[14:11] {Threei} 14:09 EPD Halted: News pending (34.04, +0.19, 0.56%)

[14:11] {dino} ms stopped +.06

[14:12] {Threei} don't see any setup there, STX

[14:12] {Threei} so what is it with 3 halts in the sector?

[14:12] {Threei} EPD Chairman has died

[14:13] {Threei} Enterprise Products Partners LP Chairman Dan L. Duncan for DEP, EPE, and EPD has died

[14:13] {Threei} - chairman Dan L. Duncan passed away last night at his home in Houston. Mr. Duncan co-founded Enterprise Products Company in 1968 and took Enterprise Products Partners public in July 1998.

[14:13] {Les} news travels fast

[14:24] {shorty} We are all idlers

[14:24] {dino} open, drop and up

[14:24] {Threei} we are all what?

[14:25] {shorty} The market crushed me today.

[14:25] {Threei} ??

[14:25] {Threei} EPD open

[14:26] {dino} dropping

[14:26] {Threei} CDC: seeing "worrisome trends" that H1N1 is circulating in Southeast US - CNBC

[14:26] {Threei} not again

[14:26] {Threei} BCRX spiked

[14:26] {Threei} list of swine flu stocks, for refreshment:

[14:27] {Threei} NVAX BCRX GILD SVA CVM APT VICL ROG.SZ MTXX

[14:27] {RonS} ...they heard nemo was coming down...

[14:27] {Threei} BCRX reaction is the best

[14:28] {Threei} IMO, they are all short on spikes, just don't want to be in too ealry

[14:28] {nemo} vituperative aren't we

[14:30] {Les} 7 b/d BCRX?

[14:31] {Les} sorry, still too early

[14:31] {Threei} I think it is

[14:31] {Threei} need to work off the initial momo

[14:33] {Threei} LVS Hearing Argus raises price target to $26

[14:35] {dino} pwrd to .69

[14:37] {RonS} vicissitudedudeness actually

[14:38] {nemo} drinking on a Monday afternoon

[14:38] {strider} UBS

[14:38] {Threei} I'll bite

[14:38] {Threei} what??

[14:38] {larisa} cj

[14:39] {dino} slipped out .64 +.14 pwrd

[14:39] {Threei} not you too larisa

[14:39] {larisa} :)

[14:39] {RonS} ubs!

[14:39] {RonS} ??

[14:39] {nemo} yeah really

[14:40] {Threei} UBS AG UBS fixed income revenue reportedly approx $2.3B in Q1, Q1 rev from credits reportedly near $1B - unconfirmed report

[14:40] {Threei} - UBS earning report is schuduled to be released on May 4th.

[14:40] {Les} heh that be swiss crap flying

[14:41] {Threei} well, why not... you didn't think crap was localized to this or that country, didn you

[14:41] {RonS} UBS: "we are legally stealing money...again"

[14:41] {Threei} crap isinternational and knows no borders

[14:42] {RonS} CS?

[14:43] {RonS} DB?

[14:43] {Threei} ?

[14:43] {Threei} BCRX

[14:43] {Threei} I think it runs out of gas

[14:44] {Threei} let's see if forms a rane close to 7

[14:44] {strider} como se dice en ingles, 'rane'?

[14:44] {Threei} range

[14:44] {Threei} jeez

[14:45] {strider} ah. muy bien.

[14:45] {strider} gracias, senor.

[14:45] {Threei} na zdorov'e

[14:45] {RonS} the rane in spain is mainly on the plain

[14:45] {Threei} lol

[14:46] {Threei} ok, that was a first good one today

[14:46] {strider} why didn't I think of that.

[14:46] {RonS} you have to be twisted...and corny

[14:46] {strider} Both-and , or either-or?

[14:48] {fernp} rane = ia almost frog

[14:48] {fernp} rana

[14:48] {fernp} is frog

[14:49] {Les} s bcrx .12

[14:49] {strider} how do you say "b-ribbit" in spanish, fern?

[14:50] {fernp} rabbit?

[14:50] {nemo} spaniards aren

[14:50] {nemo} frogs

[14:51] {strider} what sound does a frog make in Spanish?

[14:52] {Threei} kva

[14:52] {strider} I don't think so, vad.

[14:52] {nemo} Vad, you should really edit this

[14:53] {fernp} cruaj more o less lol

[14:53] {RonS} yo quiero taco bell

[14:53] {nemo} wow...I'm starting to get worried

[14:54] {Threei} why nemo? someone might think we are not entirely normal?

[14:54] {Threei} what's wrong with the truth?

[14:54] {nemo} hell no, I'm way off the deep end, these guys are drilling to the center of the earth

[14:54] {dino} you can't handle the truth

[14:54] {nemo} Here's Johnnny!

[14:54] {RonS} lol...stop it and find a play

[14:55] {nemo} everything looks like the market right now

[14:56] {RonS} pet peeve: people who say butt ugly

[14:56] {nemo} what brought forth this soul-bearing comment?

[14:56] {Threei} FONR is holding surprisingly well

[14:57] {Threei} "what grinds my gear" ron?? :)

[14:57] {dino} griffin

[14:57] {RonS} response to "looks like the market"...buck ugly

[14:59] {RonS} fonr going nuts

[14:59] {Threei} ok

[14:59] {Threei} Short Setup: BCRX 7 break

[14:59] {Threei} if stays under .15

[15:00] {Threei} FONR is likely to pull back now, before going to 4

[15:01] {RonS} ...think TIE will pop on break of hod?

[15:01] {Les} can't short it here

[15:02] {Threei} no read on TIE

[15:02] {dino} back in 10

[15:02] {jfjf64} mck vad

[15:04] {Threei} pullback occured FONR

[15:04] {Threei} let's see if 4 occurs

[15:04] {Threei} no idea on that one jf

[15:04] {jfjf64} lookin 5 min .40

[15:05] {jfjf64} waitin on boli band

[15:05] {Threei} (GR) Greece Fin Min: Unlikely spreads will narrow quickly following EU proposal (related EUR/USD BUNDS NBG )

[15:05] {Threei} quickly? what about "at all"?

[15:09] {Threei} anyone went for FONR around 4.40?

[15:10] {Threei} 3.40

[15:10] {Les} forgot it

[15:10] {Threei} [15:04] {Threei} pullback occured FONR

[15:11] {fernp} 3.44 w/ stop under 3.33 here

[15:11] {Threei} half out

[15:11] {Threei} right here

[15:12] {Threei} this moment where it breaks previous high and hesitates is critical

[15:12] {Threei} break an run or double top

[15:12] {Threei} so sell half

[15:14] {fernp} out here .68

[15:14] {fernp} ty vad

[15:14] {Threei} sure thing

[15:16] {dino} nice one

[15:19] {shorty} See you guys tomorrow.

[15:19] {fernp} bye shorty

[15:19] {Threei} take care shorty

[15:20] {Les} ciao

[15:20] {dino} vprt stopped

[15:21] {Les} vad, u see somx good for b/d?

[15:22] {Threei} for a scalp, maybe

[15:22] {Threei} nothing graoundshaking

[15:23] {Les} covered bcrx as it dropped to 7 before. looking for one last trade

[15:24] {Les} s somx .9000

[15:29] {jfjf64} ubs havin little party

[15:34] {Les} riddle me this news caption:

[15:34] {Les} One of Romania's most powerful criminals has warned his country must do something to stop the wave of Gypsy child crime that is sweeping Europe or face a backlash against Romanians.

[15:35] {Threei} here comes your SOMX

[15:36] {Les} I'd accept politician making such argument...

[15:36] {Les} out +.09

[15:36] {Threei} I don't see what your problem isd Les... they said politician in wat you quoted

[15:37] {Threei} wtg, good scalp

[15:37] {Les} hmm freudian slip of tongue you say?

[15:37] {Threei} powerful criminal

[15:37] {fernp} gj les i liked the traded

[15:37] {fernp} Good evening everybody. see u tomorrow

[15:38] {Threei} take care fern

[15:38] {Les} ciao

[15:38] {dino} cya fern, gj les

[15:39] {dino} idc

[15:39] {dino} bid

[15:39] {Threei} IDC KKR and CVC capital reportedly bidding for the company - unconfirmed report (33.42, +1.38, 4.31%)

[15:42] {dino} sm l .50 idc

[15:43] {Threei} FONT deep pullback

[15:43] {Threei} FONR

[15:43] {Threei} SERV too but that one I like less

[15:46] {Les} alright had my fun. c u's tomorrow

[15:46] {Threei} tak care Les

[15:47] {dino} cya les

[15:47] {jfjf64} enjoy les

[15:47] {strider} Vad, I'm holding CHK from 23.07. Would you hold overnight?

[15:47] {Threei} I wouldn't

[15:47] {strider} k

[15:47] {Threei} not because I think it will gap down

[15:48] {Threei} simply because I see no point in taking this risk

[15:48] {Threei} what to do with half of LOCM is my dilemma

[15:48] {Threei} never got stopped

[15:48] {Threei} doesn't look to resolve before eod

[15:50] {Threei} will liquidate it today, no desire to take home anything

[15:56] {Threei} come on LOCM

[15:56] {Threei} break

[15:59] {dino} out asps +.05

[15:59] {dino} out ehth +.10

[15:59] {Threei} cleaning the floor dino? :)

[16:00] {Threei} Ok guys, thank you all

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

[16:00] {nemo} c ya

[16:00] {dino} out idc -.20

[16:00] {strider} bu-bye

[16:00] {dino} yeah, not thrilled w/action today

[16:00] {Threei} Monday

[16:00] {Threei} hangover

[16:00] {Threei} tomorrow will be better

[16:00] {strider} can I get that in writing?

[16:00] {nemo} quarter end positioning

[16:01] {strider} wait...it IS in writing.

06[16:01] * nemo slaps strider around a bit with a large bottle of Hillbilly moonshine

[16:01] {strider} THere is no other kind.

[16:01] {nemo} there's no better, but there's others

Mar 18 2010

It's official: 5-and-half weeks long winning streak has ended today. Morning brought three rinses - stock would touch our stop, then proceed to our target. Discipline trumps conviction. Later on SOMX momo allowed many of us to dig out of it but calls wise it's still a losing day. Read the discussion of how to play momos, starting around 15:14

Session Time: Thu Mar 18 00:00:00 2010

[08:03] {Threei} (EU) EU Commissioner Rehn's spokesperson: Rehn sees the EMF idea as an interesting concept

[08:04] {Threei} GR) Greece Fin Min: Denies earlier press speculation that Greece could ask IMF for aid in early April

[08:04] {Threei} ***Reminder: Before the European morning an unnamed Greece Official commented that Greece sight IMF aid during April 2-4 Easter weekend and was in steady contact with IMF Chief Strauss-Kahn. The official noted of a growing rift with Germany over the debt crisis was deepening (sse our 00:54am ET headline)

[08:30] {Threei} *(US) FEB CONSUMER PRICE INDEX M/M: 0.0% V 0.1%E; CPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E; CPI NSA: 216.741 V 217.043E

[08:30] {Threei} *(US) INITIAL JOBLESS CLAIMS: 457K V 455KE; CONTINUING CLAIMS: 4.58M V 4.516M

[08:30] {Threei} *(US) Q4 CURRENT ACCOUNT: -$-115.6B V -$119.0BE

[08:37] {Threei} FDX Exec: Sees solid GDP growth in near-term in the US economy recovery is underway: housing could remain a problem, sees strong H1 in 2010 - conf call

[08:50] {Threei} 4:19:33 AM

[08:50] {Threei} (GR) Greece PM Papandreou: Reiterates it is country's responsibility to correct its problems - address to EU parliament

[08:50] {Threei} - Does not see financial markets as a scapegoat for Greece's problems

[08:50] {Threei} - Must restore confidence in its economy and credibility in its finances

[08:50] {Threei} - Greece has been making changes and will continue to do so

[08:50] {Threei} - Reiterates view that Greece cannot sustain its defcit reduction goals under high interest rates

[08:50] {Threei} - Admits that Greece is playing with 'loaded gun at the table' and that Europe needs to take action to curb contagion risk

[08:51] {Threei} (CH) China Foreign Ministry spokesperson Gang: Reiterates that US demands regarding CNY currency are unfair and harmful to relations

[08:51] {Threei} - Calm and rational approach was needed to address the dispute to reach mutually beneficial solution

[08:53] {Threei} 00:54 (GR) Greece Official: May seek IMF aid during April 2-4 Easter weekend, in steady contact with IMF Chief Strauss-Kahn

[08:53] {Threei} - No more bond sales likely until after Mar 25th EU Summit.

[08:53] {Threei} Notes the rift with Germany over the debt crisis is deepening

[08:55] {nemo} I love Germany pushing IMF option. It's another way of saying, "We'll let the US pay for it."

[08:55] {Threei} pretty much

[08:55] {Threei} well, both countries have taxpayers

[08:56] {Threei} none is happy to bail out Greece

[08:56] {Threei} who has more at stake

[08:56] {nemo} EU

[08:56] {Les} why not? US has screwed its dollar with the printing press, another trillion won't do greater harm?

[08:56] {Threei} and who can control their internal situation better

[08:56] {Threei} I don't think so les...

[08:56] {nemo} Les, that's more debt I incur

[08:57] {Les} give the cash to us, I'll put it to good use

[08:57] {Threei} patience wears thin here with bailing out US's own,

[08:57] {Threei} let alone someone else

[08:57] {Les} betting againts Dino does get expensive

[08:57] {Les} against

[08:57] {Les} :D morning

[08:57] {Threei} hi

[08:57] {Threei} don't et against him...

[08:58] {Threei} he has very nice track record of consistency

[09:00] {Threei} all in all, I will be very surprized if IMF takes this burden

[09:01] {Threei} just can't envision any palatable way to sell bailing out Greece to US public

[09:01] {nemo} not sure, might be blackmail to keep buying trasuries

[09:02] {Les} well, immediate bailout is one issue, but am happy to see policy reform pan-EU as necessary outcome long term

[09:03] {Les} an unstable EU ain't going to help Switzerland

[09:03] {Threei} feels to me like band-aid on tumor les...

[09:04] {Threei} I don't see EU problem in unsound financing or monetary policies

[09:04] {nemo} Greece has the EU by the short-hairs

[09:04] {Threei} that exists but it's just a small part of the problem

[09:04] {nemo} Now...can the EU convince the IMF (US) those are their shorthairs too

[09:05] {Threei} underlying and the most serious one is that the very construct is artifical

[09:05] {nemo} understood

[09:05] {Threei} and has internal contradictions that sooner or later will tear it apart

[09:06] {Les} not agreed

[09:06] {Threei} not many in Europe do :)

[09:06] {Les} huh

[09:06] {nemo} disparate cultures les

[09:06] {Threei} and economic disparity

[09:06] {Threei} but, why argue

[09:07] {nemo} what will be, will be

[09:07] {Threei} I am sure it will resolve itself in our lifetime

[09:07] {Threei} let's wait and see

[09:07] {nemo} whoa..

[09:07] {Threei} personal experience is,

[09:08] {nemo} the doctor is in

[09:08] {Threei} when this kind of things starts unravelling, it happens with mind-boggling speed

[09:08] {Threei} exceeding anything anyone could imagine

[09:09] {Threei} maybe there were geniuses that foresaw the speed of USSR collapse,

[09:09] {Threei} but within it I am sure there was none.

[09:09] {Threei} The system was rotten, sure,

[09:09] {Threei} a lot of people saw that

[09:09] {Threei} but no one forecasted that it could fall apart in the course of months

[09:09] {Threei} not even close

[09:10] {Threei} GE) German Gov't advisor: Germany position towards Greece remained unchanged

[09:12] {Threei} - reiterates Greece has not requested any aid.

[09:12] {Les} March 18 (Bloomberg) -- Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package.

[09:13] {nemo} Naww...they're not requesting aid

[09:13] {Les} texas hold 'em

[09:13] {Threei} Caterpillar Inc Reports 3 month dealer statistics; Dec-Feb sales -filing

[09:14] {Threei} it's a very long tanble, let me just say,

[09:14] {Threei} there is no single line in it that starts with UP

[09:14] {nemo} means cat should run today :)

[09:14] {Threei} ahha, here are totals

[09:14] {Threei} World DOWN 20% DOWN 27% DOWN 35%

[09:15] {Threei} Total DOWN 33% DOWN 33% DOWN 36%

[09:15] {Threei} firast is by regions, second is by industries

[09:15] {Les} fuqi hanging around 12

[09:15] {lasertrev} good morning

[09:15] {Les} The SEC's Mary Schapiro acknowledged that the agency's oversight of Lehman Brothers (LEHMQ.PK) may have been inadequate

[09:16] {Threei} trev :)

[09:17] {Threei} worth watching, CAT

[09:21] {Threei} part of this maybe weather related

[09:23] {dino} gm all

[09:23] {Threei} dino :)

[09:23] {Threei} any hangover?

[09:23] {Les} hey dino

[09:24] {dino} no hangover, behaved

[09:24] {Threei} hmmm... where is the fun in that

[09:24] {dino} daughter had a basketball game, so....

[09:25] {Threei} ok... misbehaving is postponed till weekend then

[09:26] {larisa} gm :)

[09:26] {Threei} larisa :)

[09:26] {larisa} :)

[09:26] {Les} hi larisa

[09:27] {larisa} morning les

[09:27] {dino} fdx

[09:27] {dino} hig holds well w/that offering

[09:27] {RonS} gme gm all

[09:28] {Threei} Ron :)

[09:29] {Les} Hi Ron

[09:30] {Threei} Short Setup: CAT .60 break half lot

[09:31] {Threei} if stays under .80

[09:31] {Threei} invalidated

[09:31] {jfjf64} mornin

[09:31] {Threei} jf :)

[09:32] {Les} 60 is pivot resistance CAT

[09:33] {Threei} I like the idea of long on it but I'd like pullback

[09:33] {Threei} .80 is nearest support

[09:35] {Threei} Long Setup: CAT .95

[09:35] {Threei} if stays above .85

[09:36] {fernp} Good morning everybody

[09:37] {Threei} fern :)

[09:37] {Les} fern

[09:37] {Threei} little market help, and it's capable of much more than scalp

[09:39] {Threei} no go

[09:40] {Threei} (US) Preview: Feb Leading Indicators due out at 10:00ET

[09:40] {Threei} **consensus expectation: 0.1%e v 0.3% prior

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

[09:40] {Threei} **consensus expectation: 18.0e v 17.6 prior

[09:41] {nemo} fuqi bounced off post market lows yesterday, probably strong support

[09:41] {Les} watching it. DSW too

[09:44] {dino} s cat .95 stop .06

[09:44] {nemo} mmmhhh...fuqui base building just under .30

[09:44] {Threei} Long Setup: GME .90 break if stays above .75, half lot

[09:45] {larisa} TSL not happy today

[09:46] {Threei} Yesterday 17:15 TSL Registers to sell 7.9M ADS (about 13% of shares outstanding)

[09:46] {Threei}

[09:48] {Threei} SPY makes these long tails all morning

[09:48] {Threei} all of 18 min of it anyway

[09:49] {Threei} makes read quite unreliable

[09:49] {Threei} no go GME

[09:50] {dino} cat stopped

[09:50] {Threei} CAT rinsed long

[09:50] {larisa} dino went short on it

[09:50] {Threei} ok,

[09:50] {Threei} CAT rinsed long and short

[09:51] {Les} shorted GME for +.14

[09:51] {dino} yeah

[09:51] {nemo} mmmhhhh....not good

[09:51] {dino} looks like s now

[09:51] {nemo} and the spy looks like it's in V fib

[09:52] {larisa} things are just bouncing all over the place

[09:52] {Threei} yes

[09:52] {larisa} except for RIMM :)

[09:52] {Les} wow. erratic movement from CAT

[09:53] {Les} dino, you looking at anything?

[09:53] {nemo} his monitor

[09:53] {nemo} sorry lari

[09:53] {dino} cat, but can't figure it out

[09:53] {Threei} now CAT is doing what I envisioned on that first break

[09:54] {Threei} morning volatility was a bit excessive

[09:54] {larisa} it was your fault vad, you said .80 support, but made stop at .85

[09:54] {Threei} true

[09:56] {Threei} friking CAT goes much higher

[09:56] {Threei} and with no readable entry

[09:57] {Threei} let's wait out set of numbers in 4 min

[09:57] {Threei} 3

[09:57] {Les} GME seems to be heading for a .50 b/d sooner or later?

[09:58] {strider} tivo

[09:58] {Threei} hard to tell les

[09:59] {Threei} no news yet TIVO

[10:00] {Threei} *(US) FEB LEADING INDICATORS: 0.1% V 0.1%E

[10:00] {Threei} *(US) MAR PHILADELPHIA FED INDEX: 18.9 V 18.0E

[10:01] {Threei} TIVO pace is momo-like

[10:02] {strider} has to do with DISH settlement

[10:02] {Threei} TIVO Strength attributed to positive Sanford Bernstein note (16.27, +0.42, 2.65%)

[10:04] {Threei} Bernstein suggests that TIVO could get a favorable settlement agreement from DISH Network after US appeals court affirmed ruling in Tivo's favor earlier this month.

[10:07] {Threei} FCX

[10:08] {Threei} Long Setup: FCX .90 half lot

[10:09] {Threei} stop under .80

[10:09] {KSystems} morning

[10:10] {Threei} wth

[10:10] {Threei} ks :)

[10:10] {Les} ready to short CAT

[10:10] {Threei} wow

[10:10] {Threei} no way

[10:10] {dino} cat last try s .10

[10:11] {nemo} pivot is .07

[10:12] {Threei} FCX rinse too

[10:13] {Les} CAT failed 200 ma support, yesterday's close. needs to hold .07

[10:13] {jfjf64} crazy mornin

[10:13] {nemo} fcx bounced right off pivot

[10:14] {RonS} clne rip

[10:14] {dino} mkt messed up

[10:14] {fernp} VRSN 27 break, Vad?

[10:15] {Threei} daily is perfect

[10:15] {nemo} FDX screaming short

[10:16] {fernp} ok

[10:16] {nemo} alright so it lied to me

[10:16] {dino} lol

[10:16] {Les} FDX getting pumped thru 50/200ma. .78 pivot reversal maybe?

[10:17] {nemo} worth watching

[10:17] {nemo} ow that's a stop

[10:17] {Les} cat

[10:18] {nemo} volumes dropping on fdx ascent

[10:19] {magoo} moprn

[10:19] {nemo} motrin

[10:19] {Threei} (US) Pres Obama: US economy may soon be adding jobs rather than losing them (related EUR/USD )

[10:20] {nemo} he's a guy you can trust

[10:20] {RonS} ya census

[10:20] {nemo} amanuensis

[10:21] {Les} aapl not favored today. whacky market

[10:22] {RonS} Vad, is PCX setting up for a run?

[10:22] {Threei} I doubt it

[10:22] {Threei} feels tired to me

[10:23] {Les} SLW b/d type 1?

[10:23] {Les} .31 break?

[10:23] {Threei} coin toss, IMO

[10:24] {Les} k

[10:24] {Threei} Ron, PCS can change if consolidates closely for a few min

[10:24] {Threei} and market spikes

[10:25] {Threei} PCX, sorry

[10:25] {Threei} GGP Judge notes he could delay by a few days the April 13 deadline for stalking horse bid hearing

[10:25] {Threei} stalking horse?

[10:26] {strider} HGSI

[10:27] {Threei} starts looking better, PCX

[10:27] {Threei} takeover rumors, strider

[10:27] {strider} THX

[10:29] {strider} CAT looking short now?

[10:29] {Threei} not really

[10:29] {Threei} nor long

[10:30] {fernp} MHP strong holding well on highs

[10:30] {dino} trades w/mkt

[10:31] {Threei} IMF: Group experts are in Greece, looking at banking issues, providing tech support

[10:31] {Threei} Greece has not asked for help with debt financing

[10:31] {Threei} - Have yet to disucess debt management issues with Portugal

[10:34] {Les} 1:1 SLW and out +.06

[10:35] {Threei} wtg

[10:35] {Les} 1.5k. sorta the limit for my pretend account. but does the job

[10:36] {Threei} wow, is market trying to have red day?

[10:36] {Threei} no way, it must have forgotten how to do that

[10:36] {Les} gdx sector falling hard

[10:36] {dino} big red coming

[10:37] {Les} fdx

[10:38] {Threei} Short Setup: GME .50 break

[10:38] {Threei} kind of lingering setup,

[10:38] {Threei} can shape up and invalidate a few times

[10:39] {Threei} so it's on continuing watch for a consolidation tight enough for a reasonable stop placement

[10:39] {Les} out fdx +.19

[10:39] {Threei} Generic Natural Gas futures hit lowest level since Sept 2009 following report of smaller than expected weekly draw on inventories (related UNG )

[10:40] {Threei} UNG is quite something

[10:40] {strider} stop .60 on GME?

[10:40] {Threei} if it sets up from here, yes

[10:49] {dino} cat cov .93, +.17

[10:53] {Threei} 50% Less Likely To Vote For Congress Member Who Supports Health Care Plan, 4% are more likely

[10:53] {Threei} 34

[10:54] {Threei} 51% of voters not affiliated with either major party are less likely to support someone who votes for the legislation. Just 32% of unaffiliateds are more likely to vote for someone who supports the bill.

[10:54] {Threei} what amzes me is how little sensitivity to all this stocks that seem to be the most influenced have

[10:55] {Threei} AET for instance

[10:55] {Threei} you'd expect it to swing wildly with each turn and twist of health care saga

[10:55] {dino} hl l jst .75

[10:56] {dino} jcg l .08

[10:59] {fernp} going to try ERTS .60 break

[11:08] {fernp} no go ERTS

[11:15] {strider} maybe the mastrmind did it.

[11:15] {Threei} (US) Congressional Budget Office (CBO) Adjusts estimates on health care bill's impact for deficit

[11:15] {Threei} - sees an added $20B net reduction in deficit from the possible reconciliation bill; from previously $118B reduction to $138B

[11:16] {fernp} AMZN breaking 132

[11:18] {RonS} today's best headline: Greece Gives Germany And European Union One Week Ultimatum (No, You Are Not Dyslexic)

[11:18] {fernp} lol

[11:19] {Threei} I saw similar line but saying "deadline", not ultimatum

[11:19] {Threei} that looked bad

[11:19] {Threei} this vcersion looks worse

[11:19] {Les} I think it's that or they go squealing to the IMF, which will embarrass the EU no end

[11:20] {Threei} EU will only be happy to kick this over to IMF

[11:20] {Les} you think Toyota's have a problem:

[11:20] {Threei} lol

[11:20] {nemo} what is this, Groundhog morning?

[11:21] {Les} http://miburl.com/V6ixhy

[11:21] {Les} now I've seen everything

[11:21] {RonS} J Paul Getty in the '60's: When you owe the bank $10k it your problem; when you owe them $10mil its theirs.

[11:22] {nemo} trump used that strategy quite effectivel

[11:22] {nemo} y

[11:22] {Les} GME roughly back into the zone

[11:22] {dino} .

[11:24] {Les} well I give up. nothing working.

[11:24] {nemo} Go have a drink les

[11:25] {Les} ah. GDX ain't going up

[11:26] {fernp} 1:1 AMZN

[11:26] {Threei} wow fern

[11:26] {Threei} you did find one working

[11:26] {Threei} I take a bow

[11:26] {fernp} lol

[11:26] {Threei} seriously... I think today is THE day

[11:27] {Les} reversal?

[11:27] {dino} gj

[11:27] {Threei} 5 weeks and 3 days with no losing days

[11:27] {nemo} go home Vad

[11:27] {Les} oh, you mean losing day. bummer

[11:27] {Threei} had to end at some point, didn't it

[11:27] {jfjf64} stop

[11:27] {nemo} Devil's Advocate

[11:28] {Les} fdx is in the green

[11:28] {Les} maybe 90 break?

[11:28] {Les} after consolidation

[11:28] {nemo} or it's going to drop from that level

[11:29] {RonS} dino, see anything w/ MOS?

[11:30] {Les} POT looks good. but large stop

[11:30] {nemo} Ron, I've got a support line drawn in her on MOS from a while ago

[11:30] {dino} following pot down is all i see

[11:31] {nemo} you've got two high volume canldes at this bottom...it's shaping up

[11:31] {dino} 60 strike

[11:32] {Les} nwpx down spike

[11:32] {nemo} huge bid at 60

[11:33] {Threei} SOMX

[11:33] {Threei} Somaxon Pharmaceuticals FDA Approves of Silenor (doxepin) for the Treatment of Insomnia

[11:33] {Threei} - approved the New Drug Application (NDA) for Silenor (doxepin) for the treatment of insomnia characterized by difficulty with sleep maintenance.

[11:33] {Threei} halte

[11:34] {nemo} bid moved up to 60.02

[11:34] {jfjf64} pot sellin

[11:34] {Threei} this is funny line

[11:34] {Threei} (GR) Greek PM: Pledges not to ask for financial assistance from the EU or the IMF

[11:35] {nemo} he can demand

[11:35] {Threei} if a dog looks at me with those moist hungry obedient eyes while I bite into my burger, is he asking?

[11:35] {nemo} yep

[11:35] {Threei} SOMX Reports Q4 -$0.08 v -$0.52 y/y, Rev is nil

[11:40] {Les} GME with a 5 cent stop?

[11:40] {Threei} too tight

[11:41] {dino} cnx stopped

[11:42] {Threei} that was fast, GME

[11:42] {Les} GME

[11:43] {Threei} (US) Hearing rumor of Fed plans for a discount rate increase (related EUR/USD TLT SHY )

[11:43] {Threei} this is what is killing market, IMO

[11:43] {Threei} ***Note that at the Jan 27 FOMC meeting, Kansas City Fed President Thomas Hoenig voiced his dissent against the "extended period" language, stating that economic and financial conditions have improved enough that language was no longer warranted. Then on Feb 18, the Fed raised the Discount rate 25 bps to 0.75%, but couched it as a move toward "normalization" that does not reflect a change in policy outlook. At the 3/16 FOMC meeting, Hoenig once again dissented.

[11:43] {Les} what's that? the rate that banks borrow from the Fed?

[11:44] {Les} out GME +,11

[11:44] {Threei} yes

[11:45] {fernp} NVDA breaking lod

[11:45] {nemo} that must be part of why the $ is up

[11:45] {fernp} stop above .60

[11:47] {Threei} IA) Sec State Clinton: Without assurances from Iran in regards to its nuclear program, start up of the Busan nuclear plant would be premature

[11:47] {Threei} nemo, that and renewed EU/Greece tensions

[11:47] {nemo} that's the other "part"

[11:49] {nemo} huge offer .80 fcx

[11:49] {Threei} Notes that Iran starting up the Bushehr plant would send the wrong message.

[11:49] {Threei} - Earlier in the session, Russian PM Putin said Iran was planning to start up the Bushehr plant later this summer.

[11:52] {dino} yuii l .40

[12:00] {dino} jcg stopped

[12:03] {dino} s qqqq

[12:03] {dino} .62

[12:03] {fernp} out .41 NVDA +.08

[12:07] {Threei} Fed: do not comment on market rumors

[12:07] {Threei} - responding to inquiries about rumor circulating about another intra-meeting discount rate hike being planned.

[12:12] {Les} ty dino. out yuii +.09

[12:13] {Threei} GME nice slide

[12:14] {Les} bounce play in there?

[12:14] {Threei} not that I can see

[12:14] {dino} gj les

[12:15] {Les} just riding on back of your calls

[12:15] {Les} Vad, SLW .90 with .85 stop?

[12:16] {dino} careful w/,me today, lots of stops

[12:16] {Threei} with market help should work

[12:16] {Threei} dino, lots? stops is ALLI have today, lol

[12:17] {nemo} FDX just had a high volume bar at the bottom of a trend line, either going higher or breaking (then again might stay the same :))

[12:18] {strider} can you give us a few more options?

[12:18] {Threei} that's an input of extreme value{G}

[12:18] {nemo} :)

[12:18] {nemo} it was more to raise awareness because IHNFI what it was going to do

[12:19] {Threei} so, you raised our awareness of the fact that you HNFI?

[12:19] {nemo} both, in the event someone wanted to take action on a volume spike at the trend line

[12:20] {nemo} Actually...I thoughted provided more information than, "Well Vad, whaddya' think about FDX?" or "FDX vad?"

[12:21] {strider} NEMO, vad?

[12:21] {Threei} lol

[12:21] {strider} I'm thinking short.

[12:21] {nemo} I'm short already, physically impossible to go long

[12:23] {Threei} (US) US House Speaker Pelosi formally introduces a finalized health care bill

[12:24] {nemo} Mmmmhhh...MON volume up 43% and it's flatlined

[12:26] {RonS} can anyone explain why the selloff in PO and MOS is being attributed to the selloff in nat gas?

[12:26] {RonS} PO=POT

[12:26] {Threei} hmm?

[12:26] {nemo} lotta' offers getting hit on mos

[12:26] {Threei} who made this connection?

[12:27] {nemo} some moron headline writer?

[12:28] {RonS} TheFlyOnTheWall

[12:28] {Les} 1:1 SLW and out

[12:29] {Threei} mystery to me Ron

[12:29] {Threei} wtg Les

[12:30] {Les} ty

[12:31] {dino} gj les

[12:32] {Les} wfc 30 b/d?

[12:32] {Les} too late

[12:32] {Threei} well... yes

[12:32] {nemo} prescient 3i

[12:33] {nemo} ooops...sarcasm

[12:33] {Threei} :)

[12:33] {nemo} so unlike me

[12:33] {nemo} Lari's fault

[12:34] {Les} will see if futher short setup comes up. support at .90

[12:35] {nemo} feels like a down day and the DOW is still up

[12:36] {Threei} or short bounce les

[12:36] {Threei} it's back up into resistance

[12:37] {Les} gme

[12:40] {Threei} that was perfect second chance opportunity in WFC, conservative entry

[12:40] {Les} s .95

[12:47] {Les} out +.01. got too greedy

[12:47] {dino} qqqq cov -.10 sheesh

[12:51] {Threei} god

[12:51] {Threei} look who opened his mouth

[12:51] {Threei} (US) Former Fed Chair Greenspan: Increasing capital requirements for banks would be more effective than the new financial reform legislation

[12:51] {Threei} - notes some banks may need to boost their reserve capital by 40% (improve capital to 14% of assets from 10% prior)

[12:53] {dino} nwpx l .52

[12:55] {Threei} ROFL

[12:55] {Threei} Pelosi: some of bill would be paid by tax on unearned income

[12:55] {nemo} capital gains

[12:55] {Threei} I know... I just love the wording

[12:56] {nemo} I think she was a stockbroker at one time

[12:56] {Threei} if we tax unearned income, let's use it to pay for non-provided health care

[12:56] {dino} rino

[12:56] {dino} also rent, dividends etc

[12:57] {dino} latest not 2.9 but 3.8%

[12:58] {Threei} (US) White House's Gibbs: President Obama has postponed Asia trip until June

[12:58] {dino} plus bush tax cuts exp.

[12:58] {Threei} - rationale to focus on health care reform legislation

[12:58] {Threei} till June??

[12:58] {Threei} I thought it was this weekend or bust

[12:59] {dino} rino l .21 trig

[13:15] {dino} nwpx to .72

[13:16] {dino} mos interesting nemo

[13:16] {nemo} I was thinking about it break of .25

[13:17] {dino} was watching that too, took nwpx instead

[13:17] {dino} thionking db on

[13:17] {dino} nwpx stopped .69, +.17 slipped

[13:18] {nemo} migth bounce here

[13:18] {nemo} yep

[13:19] {nemo} look at that volume spike

[13:20] {nemo} market dropping too see what it does

[13:20] {dino} see it

[13:20] {nemo} could see a little inverse H&S form here.

[13:21] {dino} .45holds well

[13:21] {nemo} yep

[13:22] {nemo} of course, as soon as you type it

[13:22] {dino} hmmm

[13:22] {nemo} .40 is most important

[13:22] {dino} hmmm again

[13:24] {Threei} MNKD Hearing Griffin Securities makes positive comments (timing uncertain)

[13:24] {Threei} - Reiterates Buy rating and $26 price target (7.72, +0.23, 3.07%)

[13:26] {nemo} well it held H&S support so far

[13:26] {nemo} Inverted

[13:26] {nemo} but no volume

[13:30] {dino} took .40 mos l

[13:30] {nemo} nice

[13:32] {dino} nwpx was too tight

[13:33] {Threei} argh

[13:33] {Threei} forgot about SOMX

06[13:33] * nemo slaps Threei around a bit with a large trout

[13:33] {Threei} crap

[13:33] {nemo} now you sound like Les

[13:34] {dino} sm l chk .96

[13:35] {nemo} feels like market going to sell off towards the end of the day

[13:36] {dino} no feel, thought that earlier and was wrong

[13:36] {nemo} I'm talking later

[13:36] {nemo} maybe partial here on mos?

[13:36] {dino} i mean, i don't have any feel about it

[13:36] {strider} pheelings...

[13:36] {nemo} nothing more than....

[13:36] {dino} wants 60 imo

[13:36] {strider} nothing more than pheelings.

[13:37] {nemo} O gawd

[13:37] {RonS} feerrings...

[13:37] {nemo} where's my gun

[13:37] {nemo} chinese ron, or speech impediment

[13:37] {RonS} japanese karaoke

[13:37] {nemo} kewl, my next guess

[13:37] {larisa} lol

[13:41] {RonS} classic karaoke story: http://modeledbehavior.com/2010/02/06/frank-sinatra-filipino-karaoke-murders/

[13:42] {nemo} 200 ma is under .90 dino

[13:42] {dino} mos to .75

[13:42] {Threei} SOMX pick up momentum

[13:43] {dino} out +.35

[13:44] {nemo} :)

[13:44] {dino} ty

[13:44] {Threei} wtg

[13:46] {Threei} [13:34] * KSystems was kicked by ChanServ (You are not permitted to be on this channel.)

[13:46] {Threei} that'll show him

[13:46] {nemo} man bites dog

[13:46] {Threei} he better bail out Greece or else

[13:46] {nemo} verdammten Deutscher

[14:12] {Threei} this is really really rich:

[14:12] {dino} chbt

[14:12] {Threei} Alan Greenspan traces housing bubble to collapse of the Soviet Union

[14:12] {Threei} The fall of the Soviet Union led to hundreds of millions of workers entering the global marketplace, he said in a paper to be presented to a Brookings Institution conference.

[14:12] {Threei} This new market-based workforce, Mr. Greenspan said, helped push up growth in the developing world. This in turn fueled a global savings glut that drove down long-term interest rates, leading to an unsustainable boom in house prices, he said.

[14:13] {nemo} ?

[14:13] {nemo} frickin' commie bastids

[14:13] {Threei} ?

[14:13] {Threei} yeah, that's us

[14:13] {Threei} http://www.theglobeandmail.com/report-on-business/economy/alan-greenspan-traces-housing-bubble-to-collapse-of-the-soviet-union/article1504666/

[14:14] {Threei} here is one comment from readers that I can't help but love:

[14:14] {Threei} It is difficult to comprehend how Ann Rand was able to turn this dorky salesman into a Fed Chairman.

[14:15] {Les} i'm happy to see that this idiot has well and truly ruined himself

[14:15] {Threei} I second that

[14:15] {Les} perhaps congress might swallow such stupidity

[14:16] {nemo} that's the problem Les

[14:16] {Threei} I actively disliked him while he was at the helm

[14:16] {Les} his placed is sealed in the history books

[14:16] {Threei} glad to see it's catching up

[14:16] {nemo} market shaping up for a run north?

[14:17] {Threei} IMO, no, but I am so off today

[14:17] {jfjf64} good night all

[14:17] {Threei} slacker

[14:18] {jfjf64} lol

[14:20] {Threei} hey

[14:20] {Threei} I realized something

[14:20] {dino} cya jf

[14:20] {Threei} whose fault the fall of USSR was?

[14:20] {Threei} Reagan!

[14:20] {Threei} that who is to blame in housing crisis!

[14:23] {dino} wow, don't let obamination hear that, he'll stop blaming "w"

[14:28] {Threei} (GR) EU's Juncker: EU prepared to assist Greece if it is negatively impacted by market speculation (related NBG )

[14:30] {Threei} market loses sensitivity to this endless stream of EU/greece twists

[14:30] {Threei} doesn't measn it won't react when something happens,

[14:31] {Threei} just that it doesn't believe all the stories and sound bites anymore, after seeing how they change by minute

[14:33] {RonS} choo choo tannies...new high

[14:34] {RonS} tannies=trannies

[14:34] {Threei} MNKD... tough trader but .75 break seems to be legit trigger

[14:35] {dino} dow theory bull triggered yesterday

[14:35] {Threei} by transports?

[14:36] {dino} yes

[14:54] {RonS} x lod

[14:54] {Threei} SOMX momo

[14:58] {nemo} I'm outta' here P&Q

[14:59] {dino} cya nemo

[15:00] {larisa} bye nemo

[15:00] {Threei} take care nemo

[15:02] {dino} back in 10

[15:10] {Threei} watching SOMX anyone?

[15:10] {strider} am now.

[15:10] {Threei} where is magoo

[15:10] {Threei} this is so his play

[15:10] {jfjf64} y

[15:11] {Threei} and jf's, but jf has left

[15:11] {jfjf64} im here 7.00

[15:11] {Threei} no you left

[15:11] {Threei} 14:17] {jfjf64} good night all

[15:11] {Threei} [14:17] {Threei} slacker

[15:11] {Threei} [14:18] {jfjf64} lol

[15:11] {Threei} that's how I know

[15:11] {Threei} partial, jf...

[15:11] {Threei} if you are here

[15:11] {jfjf64} lol

[15:12] {Threei} this situation is 50/50 bteween continuation and filzzling out

[15:12] {Threei} well... 51/49

[15:12] {jfjf64} half out

[15:12] {Threei} if it fizzles out, it will pull back deeply,

[15:12] {jfjf64} was 2cents from being stoped

[15:13] {Threei} probably to around 6.60 or so, befofe bounce becomes more or less safe bet

[15:13] {Les} went long, lost on pullback here, don't like it. waiting for short opp.

[15:14] {Threei} don't by breakouts on momos

[15:14] {Threei} pullbacks only

[15:14] {Threei} breakouts work in early stage of momo movement only

[15:14] {Les} ok

[15:14] {jfjf64} all out

[15:14] {Threei} do this Les

[15:15] {Threei} when next momo comes around,

[15:15] {Threei} observe it from this point of view,

[15:15] {Threei} comparing breakouts and pullbacks

[15:15] {Threei} you'll get a good feel for this phenomenon,

[15:15] {Threei} how at the early stages breaks work nicely,

[15:15] {Threei} then each break becomes a trap,

[15:16] {Threei} while pullback entries work

[15:16] {Les} done

[15:19] {Threei} see the way it advances?

[15:19] {Threei} if you buy pullback, you can score, let's say 20 cents on a jump ober the next resistance

[15:20] {Les} l .37

[15:20] {Les} out +.10

[15:20] {Threei} but if you buy break of that same resistance, you may gewwt 5 cents, then it pulls back 15-20

[15:26] {Les} not shortable

[15:28] {Threei} see how 8 buyers get trapped?

[15:28] {Threei} and one more thing,

[15:29] {Threei} as you watch 8 scrolling,

[15:29] {Les} y

[15:29] {Threei} feel the strong temptation to join in?

[15:29] {Les} been there, done that

[15:30] {Threei} that's something to think about

[15:30] {Threei} this is your window into minds of others

[15:30] {Threei} if you feel this strong urge - this is what crowds feel

[15:30] {Threei} they act on this impulse,

[15:30] {Threei} and this is excatly the wrong thing to do

[15:31] {Threei} use your own emotions as a window into the collective mind of the crowd

[15:32] {Threei} now as early 8 bueyers got scared and shaken out by fast and furious drop, it returns back to 8

[15:32] {Threei} rewarding pullback buyers

[15:34] {fernp} good observation Vad ty :-)

[15:35] {Threei} always... if not profits, I can at least provide some educational value on a day when I can't trade my way out of wet paper bag

[15:36] {Threei} on personal trading side, I did dig myself out of hole thanks to SOMX... but didn't dare to call it

[15:36] {dino} my streak ends today

[15:36] {Threei} yours too?

[15:36] {dino} yeah, morning rinsed to death

[15:36] {dino} had 13 in row

[15:36] {Threei} yup, same here

[15:36] {Threei} yecchh

[15:37] {Threei} had 3, and stopped pressing

[15:37] {fernp} hey!! i am 3 out of 3 FAZ, AMZN and NVDA applying what you have taught me

[15:37] {dino} days not rinses, 5 rinses

[15:37] {fernp} :-)

[15:37] {dino} gj fern

06[15:38] * Threei slaps fernp around a bit with a large banner saying "How dare You

[15:38] {fernp} ty dino

[15:38] {fernp} sorry Vad, sorry

[15:38] {Threei} sin no more

[15:42] {dino} live in sin, c'mon in

[15:45] {Les} nice vad. been scalping .40 pullbacks. pulling me out of my hole as ell

[15:45] {Les} well

[15:45] {Threei} there you go :)

[15:46] {Threei} education paid right away

[15:47] {Threei} deeper pullback is coming this time, IMO

[15:47] {RonS} dang...fdx

[15:47] {Threei} or no pullback at all, lol

[15:48] {Les} only game in town

[15:48] {Threei} pretty much

[15:52] {Threei} sheesh

[15:52] {Threei} magoo will cry tomorrrow like baby

[15:52] {Threei} or today, if I send him an e-mail with SOMX chart

[15:53] {fernp} good evening everybody. See you all tomorrow

[15:53] {Threei} take care fern

[15:53] {Les} ciao

[15:55] {larisa} lol

[15:55] {Threei} non-stop

[15:55] {dino} out jst .05, all dayer +.30

[15:55] {Threei} good to finish day with winner

[15:56] {dino} helps

[15:56] {Les} damn. tried a .50 break. jumped 25 cents

[15:57] {Les} voila. got my last 10 cents from it

[15:57] {Threei} lol

[15:57] {Les} ten is top?

[15:57] {Threei} 3 min left

[15:59] {Les} market modest enough to finish a tiny bit red

[15:59] {Threei} SPY onlu

[15:59] {Threei} the rest is green

[15:59] {Les} right

[16:00] {Threei} thank you asall

[16:00] {larisa} bye all :)

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

[16:00] {Les} thank you. ciao all

[16:00] {larisa} asall does not sounds too good vad

[16:01] {Threei} hmm

[16:01] {Threei} I guess not, lol

[16:01] {larisa} :)