Aug 17 2009

6 calls, 6 wins - nothing to complain about, even though second half of the day was obligatory August boredom embodiment. LVS, BAC and AAPL were the heroes of the day - interestingly enough, all on the long side.

Session Time: Mon Aug 17 00:00:00 2009

[08:11] {Threei} Preview: Aug Empire Manufacturing Index due out at 8:30amET

[08:11] {Threei} ***consensus estimate: -3.00e v -0.55 prior (Most analyst range of estimates seen from 1.0 to 6.0)more...

[08:11] {Threei} BLTXX Baltic Dry Bulk Index +0.8% (third straight increase)

[08:30] {Threei} Aug Empire Manufacturing: 12.08 v 3.00 expec

[08:31] {Threei} EUR/USD USD retraces overnight gains following first positive Emprie manufacturing reading since Apr 2008

[08:32] {nemo} $ up big

[08:32] {nemo} or are the quotes on that frozen too

[08:32] {Threei} - EUR/USD trading at 1.4080 after testing 1.4048 earlier today

[08:48] {fernp} good morning everybody

[08:49] {Threei} fern :)

[08:49] {patel} good morning traders

[08:49] {Threei} patel :)

[08:49] {Threei} fern... left just a tad too early on Fri... goes for Billy too :(

[08:50] {Threei} beautiful play came along just as you went for the weekend

[08:50] {patel} i missed the whole day had to take the wife to the doctor's office

[08:50] {fernp} in BAC I know

[08:50] {patel} i see you had an excellent day Threei

[08:50] {patel} Good job

[08:50] {Threei} ty

[08:50] {Threei} happens to me once in a while

[08:51] {nemo} Yeah, now he has to eliminate that occasional stop :)

[08:53] {Threei} attempts to do so require waking up... and that leads to catastrophic consequences

[08:53] {nemo} yeah, reality sucks

[08:53] {cosmo} rs

[08:58] {cosmo} just ask IDCC

[08:59] {cosmo} nterDigital Receives Notice of Initial Determination in ITC Patent Infringement Action Against NokiaBusiness Wire(Fri, Aug 14)

[09:00] {cosmo} initial ruling favors Nokia in InterDigital case

[09:00] {Threei} BAC Reports July Master Trust; Net Charge offs 13.82% v 13.81% m/m

[09:00] {Threei} - Delinquencies 7.58% v 7.73% m/m

[09:00] {Threei} - 30-59 days $1.8B v $1.84B m/m

[09:00] {Threei} - 60-89 days $1.5B v $1.... (17.39, 0.00, 0.00%) more...

[09:00] {Threei} IDCC, that's brutal

[09:01] {larisa} good morning :)

[09:01] {Threei} (US) Fed & Treasury extended TALF program to June 30, 2010

[09:01] {Threei} larisa :)

[09:01] {cosmo} BPAX to the rescue?

[09:01] {nemo} Hi Lari

[09:01] {larisa} :)

[09:03] {cosmo} BPAX: ...potential new vaccine against H1N1 (swine flu), which

[09:03] {cosmo} resulted in 100 percent protection from symptoms of illness, including

[09:03] {cosmo} weight loss, and death in animal studies.

[09:04] {cosmo} ...line forms on the right....

[09:04] {Threei} lol

[09:04] {cosmo} :)

[09:11] {dino} gm

[09:11] {Threei} dino :)

[09:16] {magoo} morning

[09:16] {Threei} magoo :)

[09:17] {nemo} magus :)

[09:19] {dptl} good morning all

[09:19] {Threei} dp :)

[09:22] {magoo} pretty big gap down vad

[09:22] {BillyD} morning

[09:23] {Threei} Billy :)

[09:24] {Threei} yes mags... you want me to do something about that?

[09:24] {magoo} oy...not already

[09:25] {cosmo} nano

[09:25] {Threei} Billy... whatever you, do not read the log for the Friday after you left

[09:25] {BillyD} ok

[09:26] {nemo} that was mean, Vad

[09:26] {Threei} yeah... your point is?

[09:27] {BillyD} I am sure I missed a good play

[09:27] {nemo} gentle nudges for you to change your evil ways

[09:27] {Threei} uhhu

[09:27] {Threei} see me dropping everything and rushing to change my evil ways

[09:28] {Threei} as it often happens on Mondays, I don't have clear candidates for the open

[09:28] {cosmo} uhhu not listed...

[09:28] {Threei} it's an IPO cosmo

[09:29] {Threei} watching BAC, BPAX

[09:29] {cosmo} ah

[09:29] {Threei} buit no structured play for either

[09:30] {magoo} lvs too vad

[09:30] {Threei} yup, ty

[09:31] {Threei} Long Setup: LVS .15 break

[09:31] {Threei} if stays above 12

[09:32] {magoo} in

[09:32] {Threei} Long Setup: BAC .50 break

[09:32] {Threei} stop under .45

[09:33] {Threei} too fast?

[09:33] {nemo} that was a little quick

[09:33] {fernp} missed bac

[09:33] {magoo} in bac

[09:33] {nemo} 1:1 lvs

[09:34] {Threei} half out BAC here mags

[09:34] {Threei} at least

[09:34] {Threei} LVS, half out

[09:34] {magoo} out lvs

[09:34] {Threei} .28

[09:34] {Threei} scalpers are out

[09:35] {dino} v sm l rtp .25 wide

[09:35] {Threei} that's their evil ways, ya know

[09:35] {nemo} hehehehe

[09:35] {magoo} oyt bac TY

[09:35] {Threei} :)

[09:35] {nemo} and you're leading the pack

[09:35] {Threei} see? and you wanted me to change my ways

[09:35] {Threei} want me to lead you into abyss of kindness?

[09:35] {nemo} Vad on a Harley with a sleevless leather vest

[09:36] {dino} and chaps

[09:36] {Threei} BAC

[09:36] {Threei} lol

[09:36] {Threei} watching for second entry

[09:36] {nemo} And a tshirt that says on the back "If you can read this, the bitch fell off"

[09:36] {Threei} qwant it to hold .45

[09:36] {Threei} nope

[09:36] {Threei} stay away for now, we need new range

[09:36] {BillyD} thought LVS would give more than 1:1

[09:37] {magoo} thats why i got out bac

[09:37] {nemo} that might have been the gasp of hope for the opening

[09:37] {magoo} mkts weak

[09:37] {Threei} still may Billy, but we have nervous opening, so I'd prefer another entry

[09:37] {nemo} Captain Obvious award goes to Magoo

[09:37] {Threei} yeah mags, what's up with that... venturing into my territory

[09:37] {BillyD} I bailed on 2nd half ue to it hit 1:1

[09:37] {magoo} aapl bounce vad?

[09:38] {magoo} not yet

[09:38] {dino} rimm 70s

[09:38] {fernp} LVS again Vad?

[09:38] {Threei} watching it

[09:38] {Threei} no clean structure yet

[09:38] {magoo} CAT too vad

[09:38] {Threei} good read on RIMM last week dino, I remember you saying it's headed for 70s

[09:39] {magoo} he called 70 strike i remember

[09:39] {Threei} OK, LVS

[09:39] {Threei} .10 break if holding 12

[09:40] {Threei} BAC

[09:40] {Threei} .50 break

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

[09:41] {dino} stba drop

[09:41] {Threei} LVS 1:1

[09:41] {dino} thin

[09:41] {BillyD} ty

[09:41] {BillyD} LVS

[09:41] {Threei} seriously can't tell whether it's just scalps or capable of more

[09:42] {Threei} your discretion guys

[09:42] {magoo} out lvs .15

[09:42] {magoo} ty

[09:46] {Threei} Long Setup: AAPL .50 break

[09:46] {Threei} smalish shares

[09:46] {Threei} if holding above .30 - .35

[09:48] {Threei} 1:1

[09:48] {patel} thanks VAD

[09:48] {Threei} :)

[09:48] {Threei} ok BAC, move your butt already, will ya

[09:51] {Threei} AAPL merrily 1:2

[09:52] {Threei} let's trail BAC to under .45

[09:52] {magoo} waiting .23

[09:53] {nemo} on what stock mags?

[09:53] {magoo} aapl..but will cut if have too

[09:53] {magoo} looking over163

[09:54] {magoo} ill let it rip or stop it flat

[09:54] {Threei} BAC over 1:1

[09:54] {fernp} out BAC. ty Vad

[09:54] {Threei} 5 out of 5

[09:55] {Threei} can I go home

[09:55] {Threei} ?

[09:55] {fernp} nope. we need 10 out of 10

[09:56] {Threei} IDCC Guides Q3 R$$73.5-75.5M v 76.6Me

[09:56] {Threei} you are communicating with nemo too much, fern...

[09:56] {fernp} lol

[09:56] {Threei} it's contagious...

[09:57] {nemo} wait till you start growing scales

[09:58] {magoo} out aapl here .08 TY VAD

[09:59] {Threei} 1:3... nice

[09:59] {magoo} out BAC here .65 TY DL

[09:59] {Threei} isn't it funny... markets are in red and haven't really bounced much, yet all our plays are on a long side

[10:00] {nemo} funny "ha ha" or funny strange?

[10:00] {dino} just plain funny

[10:01] {nemo} thought we'd be a bit more granular

[10:01] {Threei} it may make some significant difference for you... but don't me think too much, especially on Monday

[10:01] {magoo} see..aapl had alot of trouble with 163..so i adjusted exit

[10:01] {Threei} or Tuesday

[10:01] {nemo} sorry

[10:01] {Threei} or... you get the drift

[10:01] {magoo} may still go..look to reload if set up appears

[10:04] {nemo} on the five minute chart aapl, could be a bear flag

[10:04] {magoo} yea...it could dump 8 points easy..so careful

[10:04] {nemo} look at 5 min. on Qs

[10:06] {Threei} JPM Reports July Master Trust; Net charge offs 7.92% v 8.04% m/m - filing

[10:09] {Threei} BAC interesting resilience

[10:11] {Threei} compare 1 min JPM and BAC

[10:11] {Threei} looks like there is following here

[10:11] {Threei} and JPM break of .20 should signal BAC to break .70

[10:12] {Threei} also, looks like there is a magnitude correlation as well, 10 cents JPM move translate into 5 cents BAC

[10:17] {cosmo} idcc = red salmon

[10:19] {BillyD} VAd, HIG held last bit of selling pretty well, maybe long candidate

[10:19] {Threei} doesn't move with this bounce...

[10:20] {BillyD} so, kind of stuck in its own world

[10:20] {Threei} yeah

[10:20] {BillyD} ok

[10:21] {Threei} Long Setup: BAC .65

[10:21] {Threei} if stays above .60

[10:22] {magoo} .

[10:22] {nemo} ?

[10:23] {fernp} in

[10:30] {Threei} 1:1

[10:31] {fernp} out TY

[10:31] {Threei} :)

[10:31] {fernp} 6 out of 6

[10:31] {Threei} yup... I insist on going home

[10:32] {magoo} u ARE home:)

[10:32] {BillyD} yeah

[10:33] {Threei} it doesn't matter... it's symbolic gesture

[10:33] {BillyD} yeah, and you aren't going anywhere anyhow :)

[10:33] {nemo} So when you go to work you roll out of bed and sit at your computer in your underwear

[10:33] {Threei} I tested GETCO guys

[10:33] {Threei} on BAC and JPM

[10:34] {Threei} instant fills on both

[10:34] {Threei} some miniscule pass-through charge, nothing even close to usual ECNs

[10:34] {nemo} so good for listeds

[10:34] {Threei} can't use it to lay out

[10:34] {Threei} it's fill or kill

[10:35] {Threei} so I assume it's some variation of that darned flash order {G}

[10:35] {nemo} which could be a problem trying to get out on a stop

[10:35] {Threei} I am not sure it's good for any listed, nemo,

[10:35] {Threei} if I am right about what it is,

[10:36] {Threei} it could be kind of selective deal,

[10:36] {Threei} great if there is a liquidity on this route for specific stock,

[10:36] {Threei} useless if there is none.

[10:36] {Threei} Now, what Bear is working on right now is:

[10:36] {Threei} smart route that will start with GETCO,

[10:37] {Threei} and switch to other routes if there is no fill on it

[10:37] {Threei} thus trying to save you money first, then giving you sure fill if no go on cheapest route.

[10:37] {Threei} This way the main shoertcoming of GETCO gets remeduated

[10:37] {Threei} shirtcoming being, no route out on it

[10:38] {Threei} I'll try it on other listeds and NASDAQ, will report as I observe more on how it works

[10:39] {Threei} (as you can guewss, I finally upgraded my Laser, lol)

[10:42] {Threei} market is frozen

[10:45] {wulff} somebody do something

[10:45] {Threei} why

[10:46] {Threei} you guys are insatiable

[10:46] {wulff} gives me a chance to open my next beer

[10:46] {Threei} 6 for 6, and still you are hungry

[10:46] {Threei} oh beer...

[10:46] {Threei} hmmm

[10:46] {Threei} now that's the concept I may get excited about

[10:51] {BillyD} Vad, on BAC .65 long and .60 stop, do you count a 1:1 at .70 or .72 to include the 1 cent for break of .66 and 1cent stop at .59

[10:51] {Threei} I am not very anal-retentive about that

[10:52] {Threei} look at it this way:

[10:52] {Threei} if your formal 1:1 is .72,

[10:52] {Threei} stock reaches .71

[10:52] {Threei} and you see market stalling or reversing,

[10:52] {Threei} your leader (JPM in theis case) reversing,

[10:52] {BillyD} understand logic, was just clarifying

[10:52] {Threei} and your stock showing weakness

[10:53] {Threei} will you insist on .72 or shrug and grab .71

[10:53] {Threei} and to the heck with that 1 cent

[10:53] {Threei} also, 1:1 level as the spot where they more often than not reverse or pause - it's just a concept

[10:54] {Threei} it's not necessary that literal

[10:54] {Threei} so there is a room for diascretion here

[10:54] {Threei} as with everything in the market

[10:54] {BillyD} true

[11:03] {Threei} NY Fed: Purchased $7.01B in $300B outright coupons purchase; Dealers submitted $15.94B for consideration (bid to cover 2.27)

[11:03] {Threei} - Heaviest purchase was $4.56B in the 06/30/14 maturity

[11:03] {Threei} Note: Avg bid to cover for prior four auctions is 3.

[11:03] {Threei} is 3.28

[11:11] {BillyD} kind of mixed how stocks are reacting to the new mkt lows

[11:14] {larisa} HURN is happy all of a sudden

[11:14] {Threei} with no news

[11:16] {Threei} CX CEO: Not expecting volumes in cement to come back to its peak levels for at least 5 years

[11:16] {Threei} mobsters switched to garotta?

06[11:17] * Threei is looking for a manufacturer of piano strings

[11:17] {BillyD} cement boot sales are down lol

[11:17] {nemo} well, when all the people go belly up on their lone shark lones, they'll go back up

[11:25] {Threei} GETCO worked on LVS just as instantly

[11:26] {BillyD} are you hitting bid/offer prices

[11:26] {Threei} yes, no other way with this route

[11:26] {Threei} also, passthrough is slightly higher on sell side, probably some kind of regulatory fee

[11:26] {Threei} so the ideal way is,

[11:26] {Threei} get in with GETCO, offer it out with ECN that offers rebate

[11:27] {BillyD} good idea

[11:27] {Threei} and make your commissions next to non-exixtent

[11:27] {BillyD} is GETCO like a pool?

[11:27] {Threei} andf if have to bail out, again use GETCO

[11:27] {Threei} sure feels like it

[11:27] {Threei} logistics of it are ones of a dark pool as far as I can tell

[11:28] {BillyD} does Laser still charge us regular commission?

[11:28] {Threei} yes

[11:28] {BillyD} just not the ecn fees

[11:28] {Threei} right

[11:28] {BillyD} ok

[11:29] {Threei} but by getting ECN rebate you effectfively eat into commissions

[11:29] {BillyD} yup

[11:29] {Threei} if you manage to get rebate on both sides of the trade, your commissions will be laughable

[11:29] {BillyD} just have to make sure there is liquidity

[11:29] {Threei} it's not really easy way to trade,

[11:29] {Threei} as we prefer to enter with momentum

[11:29] {Threei} it's mostly exit where we offer into momemntum

[11:30] {Threei} so GETCO in, ECN lay out seems to be the best way

[11:30] {Threei} with variations like:

[11:30] {Threei} try to bid at your idea price,

[11:30] {BillyD} yes and won't be able to pay over entry price in case miss it

[11:30] {Threei} and keep GETCO ready to hit offer if becomes clear tou won't get your bid hit

[11:31] {Threei} for quick switching between routes may want to use programmable keys

[11:31] {Threei} just be careful with that, room for errors is bigger

[11:32] {BillyD} it would have to be faster than manual

[11:32] {Threei} fat fingers, ya know

[11:32] {Threei} yes

[11:33] {Threei} but it's really easy to program "shift-X key for GETCO entry", "shift Y key for bidding on ISLD, etc

[11:33] {nemo} or shift G and Shift I

[11:34] {Threei} that's the idea, pick those that you can memorize easily

[11:34] {BillyD} how iwll it know how many shares to inseryt

[11:34] {BillyD} does it default

[11:34] {Threei} ask dp, he is expert in key shortcuts

[11:34] {BillyD} ok

[11:38] {BillyD} Vad, you watching BAC

[11:38] {Threei} yes but I don't know what to make of it

[11:39] {nemo} kinda looks like spy

[11:39] {wulff} LVS slow steady

[11:40] {Threei} C Reports July Master Trust; Net Charge offs 10.03% v 10.51% m/m

[11:40] {Threei} - Delinquencies % v 5.49% m/m

[11:40] {Threei} - 5-34 days $2.63B v $2.41B m/m

[11:41] {Threei} I don't emember this kind of reports

[11:41] {Threei} new fashion trend I guess

[11:44] {Threei} tried GETCO on HURN

[11:45] {Threei} inconsisten... two entry attempts were rejected, then third saudcdently gave a perfect fill

[11:45] {Threei} for exit swicthed ti NASDAQ

[11:46] {Threei} not sure what it means

[11:46] {BillyD} if no shares available maybe

[11:46] {BillyD} at that price

[11:47] {Threei} I guess... lack of route out makes it work differently from what we are used to

[11:47] {larisa} can you use Getco with limit couple cents higher than the ask?

[11:47] {Threei} that's what I did

[11:48] {BillyD} did it give price improvement

[11:48] {Threei} yes

[11:48] {Threei} hit existing offer

[11:48] {Threei} huh... it just allowed me to bid

[11:48] {BillyD} and, was the order that was filled above the offer

[11:49] {Threei} I guess its NASDAQ logic is diferent

[11:49] {Threei} hmm?

[11:49] {Threei} I hit .91 while .87 was available, got .87

[11:49] {BillyD} order filled, was your limit price above current offer

[11:49] {BillyD} ok

[11:50] {magoo} HURN is crazy

[11:50] {Threei} just got .06 and offered .13

[11:50] {Threei} allowed me to offer

[11:50] {Threei} so you can add liquidity on NASDAQ via it it seems, but not on listeds

[11:50] {Threei} just no point as there is no rebate

[11:50] {nemo} so, if you're waiting for a break, you better wait for the break

[11:50] {Threei} better to offer on ECN

[11:51] {magoo} positive news COF just now

[11:51] {Threei} I don't see any

[11:52] {magoo} 11:48 its there, no biggie, better than expected managed and trust data metrics for july etc

[11:53] {magoo} frwakin HURN VAD

[11:53] {magoo} its getting the feel

[11:53] {Threei} wow

[11:53] {Threei} you have some seriously delayed news feed mags

[11:54] {magoo} time stamopp 11:48

[11:54] {Threei} have a look at time stamp:

[11:54] {Threei} Monday, August 17, 2009 6:05:47 AM

[11:54] {Threei} Capital One Financial Corp Reports July Master Trust; Net charge offs: 9.83% v 9.73% m/m - filing

[11:54] {Threei} whoever supplies you with news, tell them to go, ummm

[11:54] {magoo} oh shit

[11:54] {Threei} let me think where

[11:55] {Threei} but while I am thinking, rest assured it's very remote, daerk and stinkin' place

[11:56] {Threei} just tried to bid MSFT below the market - rejection

[11:56] {Threei} I am not sure I understand the mechanics of this route for bidding/offering

[11:56] {Threei} luckily, no need

[12:03] {dino} .

[12:10] {Threei} GURN big pullback

[12:11] {Threei} HURN too

[12:11] {Threei} quickest way to switch from GETCO to standard route on NASDQ stock:

[12:12] {Threei} uncheck Route on/off

[12:12] {Threei} I am having an exploraion day today, lol

[12:13] {BillyD} is this box on L2

[12:13] {Threei} yup

[12:13] {Threei} to the right of Cancle button

[12:14] {Threei} pleasantly enough, I manage to combine testing with profit

[12:14] {Threei} normally it's not what happenming, lol

[12:15] {BillyD} we have different L2 windows

[12:15] {Threei} then you don't have this line checked:

[12:16] {Threei} ugh, wait

[12:16] {Threei} it's somewhere in different place in this version

[12:16] {BillyD} in view

[12:17] {BillyD} advanced button style

[12:17] {Threei} yes

[12:17] {Threei} used to be in different place in menu

[12:17] {BillyD} with the box unchecked how does it route

[12:17] {Threei} default

[12:18] {BillyD} which is

[12:18] {Threei} for NASDAQ it's, wait it

[12:18] {Threei} drum roll

[12:18] {Threei} NASDAQ route

[12:18] {Threei} for listeds MLCO I believe

[12:18] {Threei} which I rarelt like

[12:19] {BillyD} is the D+ buy/sell button for day plus orders

[12:20] {Threei} ?

[12:20] {Threei} where is it?

[12:20] {BillyD} in L2 window

[12:20] {BillyD} at bottom

[12:20] {BillyD} under market buttons

[12:21] {Threei} I don't have it

[12:21] {Threei} ahha

[12:21] {Threei} here it is

[12:21] {Threei} no idea

[12:21] {Threei} let's torture dave

[12:21] {BillyD} ok, I see what you have

[12:22] {Threei} there is a manual of course

[12:22] {Threei} but heck... we never ask for directions, do we

[12:22] {BillyD} it's pretty outdated

[12:23] {BillyD} can we put in orders good til cancelled

[12:23] {Threei} I don't think so

[12:23] {Threei} Laser is geared toward day trading

[12:23] {BillyD} what I thought

06[12:53] * Threei puts pillow on the desk right below his chin

[13:00] {Threei} AUG NAHB HOUSING MARKET INDEX: 18 V 18E

[13:03] {Threei} BPAX Reportedly management says it is in early stage talks with vaccine makers for liscensing its Biovant H1N1 product (2.27, +0.31, 15.82%)

[13:07] {Threei} guess

[13:07] {Threei} who

[13:07] {Threei} is

[13:07] {Threei} on

[13:07] {Threei} etc

[13:19] {magoo} vad DNDN

[13:20] {Threei} DNDN Update: Ticks higher as CFO reportedly says he expects adoption of Provenge expected to be greater than current level of use for standard chemo in prostate cancer patients

[13:20] {Threei} - says it expects the initial demand for Provenge to outstrip supply, but expects to be able to meet... (22.11, -0.36, -1.60%) more...

[13:58] {BillyD} Vad, any CRY news....I don't see any

[13:59] {Threei} nothing since that last week FDA

[13:59] {BillyD} ty

[14:01] {Threei} (US) Fed quarterly loan officer survey: Banks report deteriorating lending quality (related EUR/USD XLF )

[14:04] {dino} .

[14:13] {nemo} frickin' brownout...what I miss

[14:13] {Threei} nothing

[14:13] {nemo} sorry to make you pick your chin up off the table

[14:13] {Threei} no worry

[14:13] {Threei} I set my keyboard vertically

[14:14] {Threei} so I can type not changing position

[14:14] {Threei} good coma comes first

[14:17] {nemo} Gotta' go anyways....have a nice nap everybody

[14:17] {BillyD} by

[14:17] {Threei} very considerate and polite of you to drop by to tell us you have to go

[14:17] {nemo} I'm like that

[14:18] {Threei} I am proud of civilized manners being adopted

[14:18] {nemo} now you're lying

[14:18] {Threei} (well, as long as I am not expected to follow to suit)

[14:18] {nemo} Mmmmmmhhhhh....Vad in a suit.....nah

[14:22] {dino} cya nemo

[14:35] {Threei} BAC Moody's raises preferred stock rating (16.73, -0.66, -3.80%)

[14:35] {Threei} AIG Discloses agreement with new CEO Benmosche over compensation - filing

[14:35] {Threei} Mr. Benmosche will receive an annual salary of $7M, consisting of $3M in cash and $4M in fully-veste... (23.74, -0.63, -2.59%) more...

[14:49] {Threei} (US) CFTC's Gensler: Seriously considering position limits for energy futures contracts (related UNG USO )

[15:01] {dino} caesars' contra-coin says we go up

[15:02] {BillyD} WFC weak

[15:02] {BillyD} any thoughts Vad WFC

[15:02] {BillyD} short that is

[15:03] {Threei} doesn't feel right to me

[15:03] {Threei} can't quite put a finger on it

[15:03] {BillyD} ok

[15:12] {Threei} 6% Expect Tax Cut During Obama Years

[15:12] {Threei} I simply can't pinpoint the % of idiots... such a moving target, there seem to be no averages

[15:13] {BillyD} TY...I was getting perplexed trying to fit that one into the herd mentality formula

[15:14] {Threei} the problem is, as soon as you rthink "there, I nailed it", next headline comes right along:

[15:15] {Threei} 22% Expect Things To Improve in Afghanistan

[15:15] {Threei} 35% Say U.S. Heading in Right Direction

[15:15] {Threei} now, you tell me...

[15:15] {BillyD} it's volatile??

[15:15] {BillyD} hehe

[15:16] {Threei} sheer magnitide is amazing

[15:16] {BillyD} aren't you glad you don't have to drive in traffic to work

[15:16] {dino} rst

[15:16] {Threei} lol

[15:24] {Threei} let's see if there is double bottom in WFC

[15:25] {Threei} not so far

[15:26] {fernp} boring but profitable day, hope tomorrow be like today :)

[15:27] {fernp} see u tomorrow

[15:27] {Threei} :)

[15:27] {dino} tighten rtp to .35 all dayer

[15:29] {BillyD} OCLS news?

[15:30] {BillyD} can't find any

[15:30] {Threei} OCLS Hearing chatter company may sign a significant marketing deal shortly

[15:30] {BillyD} no short

[15:30] {BillyD} available

[15:35] {Threei} US House Speaker Pelosi: Public option for health care has 'strong support' would lower health care costs (related IYH PPH BBH )

[15:36] {Threei} Note: Reports surfaced this weekend that the White House was close to removing the public option from the bill

[15:41] {dino} out rtp .32, +2.07

[15:41] {larisa} gj

[15:41] {BillyD} very nice dino

[15:41] {dino} ty, lucky entry

[15:51] {dptl} good evening all

[15:52] {BillyD} same here...cya

[15:52] {Threei} okay guys, thank you all

[15:53] {Threei} have a good evening, see tyou tomorrow

[15:53] {larisa} bye :)

Aug 14 2009

The best way to finish the week - with a bang. 5 wins out of 6 calls, and one of them is a nice BAC run. The rest were usual suspects: WFC, RIMM and CAT.

Session Time: Fri Aug 14 00:00:00 2009

[08:00] {Threei} (US) FHFA's Lockhart: Housing prices are starting to stabilize, seeing "significant results" from TARP - CNBC (related XHB )

[08:00] {Threei} C BofA/Merrill Lynch Raised C to Buy from Sell, price target: $5.75 (timing uncertain)

[08:00] {Threei} - Analysts see crisis in organization as largely past

[08:00] {Threei} - Prior PT $2.50

[08:26] {Threei} BLTXX Baltic Dry Bulk Index: +2.6% (second straight increase

[08:30] {Threei} JULY CONSUMER PRICE INDEX M/M: 0.0% V 0.0%E; CPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E;

[08:30] {Threei} - CPI Y/Y: % v -1.9%e

[08:30] {Threei} - Core CPI Y/Y: % v 1.6%e

[08:31] {Threei} CPI Y/Y: -2.1% v -1.9%e

[08:31] {Threei} - Core CPI Y/Y: 1.5% v 1.6%e

[08:32] {Threei} IMMU Announces FDA Allowance of Investigational New Drug Application for Milatuzumab-Doxorubicin Conjugate

[08:32] {Threei} - Coannounced the allowance of an investigational new drug (IND) application filed with the U.S. Foo... (4.12, 0.00, 0.00%) more...

[08:33] {Raven} Milatuzumab-Doxorubicin Conjugate

[08:33] {Raven} I need some of that

[08:35] {Threei} lol

[08:58] {cosmo} ARCC should hold 9.95 .... my guess

[08:58] {cosmo} 9.05

[08:59] {cosmo} sorry

[09:05] {fernp} good morning everybody

[09:05] {Threei} fern :)

[09:15] {Threei} JULY INDUSTRIAL PRODUCTION: 0.5% V 0.4%E; CAPACITY UTILIZATION: 68.5% V 68.3%E

[09:18] {magoo} morning

[09:18] {Threei} magoo :)

[09:19] {magoo} what u watching

[09:19] {Threei} C

[09:19] {Threei} LVS

[09:25] {larisa} good morning :)

[09:26] {Threei} larisa :)

[09:26] {larisa} thought everybody went on vacation :)

[09:27] {magoo} bac wfc took a hit there

[09:28] {Threei} everybody did lartisa... we are the only ones stuck here

[09:29] {dino} gm all

[09:29] {Threei} dino :)

[09:29] {cosmo} ARCC pre mkt high = 9.22 fwiw

[09:31] {fernp} YHOO double bottom on daily chart

[09:34] {Threei} Long Setup: C .15 if stays above .10

[09:37] {dino} jst

[09:38] {magoo} freakin rimm doesnt even fall tooday

[09:38] {dino} a bit wide

[09:40] {Threei} Short Setup: CAT .60 break half lot

[09:40] {nemo} iios

[09:40] {nemo} oops

[09:42] {magoo} RF pop

[09:45] {magoo} mgm higher

[09:46] {Threei} CAT 1:1

[09:47] {fernp} out CAT. ty Vad

[09:47] {Threei} :)

[09:47] {Threei} wqfc

[09:47] {magoo} wfc

[09:47] {Threei} Long Setup: WFC .96

[09:48] {Threei} stop under .85

[09:49] {Threei} 1 cent shy of 1:1?

[09:50] {Threei} FRPT CFO: May be awarded contract valued up to $1B over 5-years (4.70, +0.02, 0.43%)

[09:51] {Threei} Have the potential for service sales to double as military operations in Agh ramp up

[09:51] {Threei} - Over 2K Cougar armored vehicles being moved into Afghna theater, could result in $250M added to yearly rev target

[09:51] {Threei} WFC 1:1

[09:51] {fernp} WFC out here. ty again

[09:51] {Threei} :)

[09:55] {Threei} AUG PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 63.2 V 69E

[09:56] {Threei} awww

[09:56] {Threei} why did ever cover CAT

[10:00] {nemo} given the downward tenor of the markets, guess allowing for a bear flag would have been prudent

[10:03] {fernp} shorted BAC 16.78 stop 16.88

[10:03] {dino} rtp

[10:04] {dino} pmug

[10:04] {dino} nope

[10:06] {fernp} out here +.10

[10:06] {dino} bks

[10:06] {Threei} US Climate Bill in Senate will reportedly include a 'significant' amount of free pollution permits - unconfirmed report (related CARBX USO UNG )

[10:08] {Threei} Long Setup: WFC .80 break

[10:09] {fernp} under .70 stop?

[10:09] {Threei} sure

[10:13] {Threei} no go

[10:18] {fernp} BAC and HIG not making new lows

[10:19] {Threei} still doesn't feel like market is ready to reverse

[10:28] {Threei} what's wih RMBS

[10:32] {nemo} Hey Dino: http://www.boston.com/bostonglobe/obituaries/articles/2009/08/14/les_paul_94_pioneered_recording_techniques_inspired_a_world_of_guitarists/

[10:42] {jfjf64} mornin

[10:42] {Threei} hey jef

[10:43] {Threei} -e

[10:45] {jfjf64} rmbs .15 break

[10:45] {nemo} jf's got that itch to scratch again

[10:45] {jfjf64} lol

[10:46] {jfjf64} how was opening

[10:47] {nemo} What time does the NY/CHI FADC start today?

[10:48] {Threei} opening was not very eventful

[10:48] {Threei} 2 scalps, one stop

[10:48] {_prth} is this a double bottom on wfc?

[10:49] {nemo} wffc kinda looks like the spy and Qs

[10:50] {dino} sm l jst .00

[10:50] {nemo} FCX an CAT do too...all seem to be following at the moment

[10:50] {Threei} most likely but entry should be on pullback

[10:51] {jfjf64} rmbs invalid

[10:52] {jfjf64} ery .80 break

[10:55] {dino} s/p lod

[10:57] {Threei} CAT .50 break is obvious short

[10:57] {Threei} too obvious?

[10:58] {magoo} dont like that

[10:58] {magoo} mkts due to bounce

[11:02] {BillyD} morning

[11:02] {BillyD} anything on the radar

[11:02] {nemo} coma

[11:03] {Threei} Billy :)

[11:03] {BillyD} what I thought..hehe

[11:04] {dino} vlkay

[11:09] {Threei} Short Setup: CAT .80 break

[11:09] {Threei} if stays under .90

[11:10] {nemo} .91 is resistance under pivot

[11:11] {nemo} blew right by

[11:11] {nemo} range play vad?

[11:13] {Threei} ?

[11:13] {nemo} were you targeting the bottom of the range since 10 of .55?

[11:14] {Threei} why guess

[11:14] {Threei} let it trade and watch the masrket

[11:14] {Threei} follow what happens

[11:28] {Threei} 1;1

[11:29] {fernp} out here. ty

[11:29] {Threei} :)

[11:29] {fernp} have to go. see you on monday. Happy weekend to all

[11:30] {Threei} take care fern, have a good one

[11:30] {Threei} 1:2

[11:30] {BillyD} ty

[11:30] {Threei} so far so good... 3 for 4

[11:31] {BillyD} gj

[11:34] {Threei} why does CAAS bother me so much... second day

[11:37] {dino} rtp 157 trig, v sm

[11:38] {dino} bothers you because of the double AA

[11:38] {BillyD} lol

[11:40] {Threei} hmmm

[11:40] {Threei} i need to ponder that

[11:41] {dino} please do

[11:47] {Threei} RMBS Hearing strength being attributed to renewed takeover chatter circulating (timing uncertain) (17.55, +1.74, 11.01%)

[11:48] {BillyD} rumors such a game

[11:52] {BillyD} Vad, another CAT short on .50 if under .60

[11:53] {Threei} need a bit of consolidation

[11:53] {BillyD} just because it is a heavier stock for the most part

[11:55] {magoo} THC pop-a-roo

[11:56] {Threei} SBCF Halted: News pending

[11:56] {jfjf64} so long guys off to airport

[11:56] {Threei} have fun jf

[11:56] {dino} cya jf

[11:56] {jfjf64} ty

[11:56] {magoo} bye jf

[11:57] {jfjf64} haappy trading

[11:57] {jfjf64} see ya all when i get back

[11:58] {dino} rtp

[12:02] {dino} bks sm l .80

[12:02] {BillyD} HOLX chart notbad

[12:03] {BillyD} over 15

[12:16] {Threei} well... CAT seems to be ready

[12:16] {Threei} it's total markert coma that keeps me concernesd

[12:17] {BillyD} lol....one little spike up and stop

[12:17] {Threei} let's go long on .60 break then?

[12:17] {Threei} fades work lately :)

[12:18] {BillyD} too indecisive for me

[12:18] {BillyD} passing for now....I was more short biased

[12:19] {BillyD} you watching GRRF

[12:19] {BillyD} one to keep eye on imo

[12:20] {Threei} thinnie...

[12:20] {BillyD} only when it's not moving...lol

[12:33] {dino} bks stopped -.31

[12:47] {_prth} what do you think of iwm 56.01 break?

[12:48] {Threei} if market bounces so should IWM

[12:48] {Threei} problem is market does absolutely nothing

[12:48] {Threei} compare the charts

[12:48] {Threei} they are identical

[12:51] {nemo} missed C&H on rimm

[12:56] {Threei} BCRX Recent strength attributed to Dept of HHS holding public teleconference on H1N1 countermeasures from Noon to 2pmET today (10.08, +0.42, 4.35%)

[12:57] {Threei} Long Setup: RIMM .55 brteak

[12:57] {Threei} if stays above .40

[12:58] {Threei} eeck

[12:58] {nemo} anybody catch it

[12:58] {larisa} rofl

[12:58] {Threei} 1:1 in like 2 seconds

[12:58] {nemo} burned my fingers

[12:59] {BillyD} got 200 shares at .58 and out .73

[12:59] {BillyD} lol

[12:59] {nemo} guess the algo programs were looking at .55 :)

06[13:00] * nemo slaps ese around a bit with a large trout

[13:00] {ese} well my goodness this works

[13:00] {nemo} hey ese, Les Paul died

[13:00] {Threei} wow

[13:00] {ese} coming to live from Ballerup Denmark

[13:00] {Threei} hi ese

[13:00] {Threei} how's trip?

[13:01] {ese} so far so good a great show today at a danish high school Borupgaard High school

[13:01] {Threei} let me try and say it fast three times

[13:02] {ese} Les Paul....my goodness.....now that is a legend....the person who revolutionized the guitar

[13:03] {ese} just popped in to say hello....on my way out to another function at Baghuset (pronounced Bowoouuza) the local music house

[13:03] {patience} nice to hear from you ese :)

[13:04] {Threei} Baghuset pronounced Bowoouuza....

[13:04] {ese} hmmmm market dn 130.....brutal day for you all...or rather tough day?

[13:04] {Threei} nice day actually

[13:04] {BillyD} gotta run, have a nice weekend everyone

[13:04] {Threei} 5 calls, 4 winners... one was almost impossible to catch though

[13:05] {Threei} take care Billy

[13:05] {patience} good day for me, playing energy sector

[13:05] {ese} nothing but the best from you vad.........have a great weekend all.....will try to pop in next week..

[13:06] {ese} hey nemo....how old was Les Paul by the way?

[13:06] {nemo} 94

[13:06] {ese} 94?........lotsa music to live for i guess......take care all

[13:09] {patience} have a great weekend ese

[13:10] {patience} oops, too late

[13:11] {dino} sm l jst .10 last try

[13:19] {dino} out rtp .65, +.65

[13:20] {Threei} this is absolutely hillarious

[13:20] {Threei} http://www.dailymail.co.uk/news/worldnews/article-1206018/Squirrel-crashes-holiday-snaps-How-cheeky-rodent-star-couples-photos.html

[13:21] {nemo} can't make that stuff up

[13:22] {Threei} notice: camera refocused on squirrel

[13:22] {Threei} original subject became a bit blurry

[13:22] {nemo} yeah

[13:23] {Threei} BCRX...

[13:25] {Threei} judging by daily and volume, has a nice chance to become a runner one day

[13:43] {Threei} RMBS Reportedly wins ruling in antitrust case against chip manufacturers

[13:43] {Threei} - Note: there had been much speculation circulating over possible court case wins in the last 24

[13:47] {dino} rtp sm l .40

[13:53] {Threei} more than two hours in 5 points NQ range

[13:54] {nemo} quite the roller coaster

[14:03] {dino} yes indeed

[14:07] {magoo} freakin BAC

[14:07] {magoo} B

[14:07] {magoo} A

[14:07] {magoo} C

[14:14] {Threei} I see no news

[14:16] {Threei} the pace of trading says, "I am going higher"

[14:17] {magoo} yea..somethingss up..never fell with mkt rot

[14:17] {nemo} paulson bought all those shares

[14:19] {Threei} let's try off pullback if dives into 17?

[14:19] {Threei} or .20 break if stays above .10

[14:19] {Threei} actually .19 new high

[14:21] {Threei} offering half .31, 1/4 at .45 and 1/4 at .65

[14:22] {magoo} in w/u

[14:22] {magoo} stop?

[14:23] {Threei} [14:19] {Threei} ... if stays above .10

[14:23] {magoo} ops

[14:28] {magoo} hope its not topping here

[14:29] {larisa} 17.21 res, need to break and stay above it

[14:29] {Threei} .25 you mean

[14:29] {larisa} mine is .21 :)

[14:29] {nemo} r1 is almost .26

[14:29] {larisa} mine is Camarilla :)

[14:34] {Threei} {Paulson} no way it was top

[14:34] {Threei} see how pace picks up?

[14:34] {Threei} that's you clue o runners

[14:35] {Threei} and look at volume configuration

[14:35] {Threei} this slower trading, pause, retreat with volume somewhat drying up,

[14:35] {Threei} then sharp spike in both price and volume

[14:35] {Threei} this kind tends to go big

[14:35] {Threei} much bigger than a scalp, this is momo

[14:36] {Threei} even if you are not trading it, watch

[14:36] {Threei} memorize

[14:36] {Threei} we will have more of those come fall

[14:36] {Threei} first target hit, half out

[14:37] {Threei} so, learn to recognize them

[14:38] {Threei} and watch for patterns

[14:40] {Threei} TM DoT discloses 'cash for clunkers' data; TM is top seller with approx 19% of sales

[14:40] {Threei} new highs, pace increases again

[14:41] {Threei} second target approaches

[14:41] {Threei} 1:2

[14:41] {larisa} ever heard of Camarilla system? this is what is happening on BAC. from 16.79 support to 17.21 res. Traders short 17.21. if it breaks, the cover and watch for major break at 17.42. After breaking it : it can become runner. Well known system

[14:42] {larisa} just sharing :)

[14:42] {Threei} where do these numbers come from?

[14:42] {larisa} calculated in certain way

[14:43] {Threei} second target hit, .45, 1/4 more out

[14:43] {jmb} Thanks Vad

[14:43] {Threei} welcome

[14:43] {Threei} we end the week with a bang, not with a whimper

[14:44] {Threei} too bad Billy anf fern left

[14:44] {magoo} [14:07] {magoo} freakin BAC

[14:44] {magoo} [14:07] {magoo} B

[14:44] {magoo} [14:07] {magoo} A

[14:44] {magoo} [14:07] {magoo} C

[14:44] {Threei} your point is...?

[14:44] {larisa} lol

[14:44] {Threei} BAC Hearing strength being attributed to expected Master Trust data due out within next few days (17.39, +0.39, 2.29%)

[14:45] {nemo} aahhhhh,,,the old master trust data...

[14:45] {Threei} lol

[14:45] {Threei} btw, stop for the last piece is under .20

[14:46] {Threei} with other speculation circulating that Paulson and Co intend to hold on to recently disclosed holdings

[14:46] {Threei} of course he is so eager to telegraph his intentions to entire world

[14:47] {Threei} I am sure he will also tell us when he sells couple days in advance

[14:47] {_prth} thank you BAC:D

[14:47] {Threei} welcome

[14:48] {Threei} when you get familiar with these patterns to the degree they become practically "sure thing" to you, great fun will be:

[14:49] {Threei} grab 5-10K shares as close to support as you can,

[14:49] {Threei} and feed them out gradually as stock movesd through your targets

[14:49] {Threei} one such trade makes a week

[14:50] {Threei} Note: Master Trust data usually released in the middle of each month, expected early next week

[14:50] {magoo} BACCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

[14:51] {Threei} oh, and get drunk while at it

[14:51] {Threei} works for magoo as you can see

[14:51] {magoo} hiccup

[14:51] {Threei} what he really meant was Bachus

[14:51] {_prth} VADDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD great call!!!!!!!!!!!!!!!!!!!!

[14:52] {Threei} there... drunkeness takes over

[14:52] {Threei} BACHUS, BACUS. Bacchus is a Lydian name for Dionysus, the Thracian fertility god. A son of Jupiter, he later became the god of wine

[14:53] {Threei} don't confuse for Spencer Thomas Bachus III

[14:53] {Threei} Republican member of the United States House of Representatives since 1993, representing Alabama's 6th congressional district.

[14:54] {Threei} sheesh... August IS a slow month

[14:54] {Threei} double tiop BACX

[14:54] {Threei} BAC

[14:54] {Threei} lost support between peaks

[14:56] {Threei} did we vindicate ourselves for yesterday's lacklustre 2 out of 5 or what

[15:02] {Threei} stop to under .30

[15:04] {larisa} have a good weekend pipl :)

[15:04] {Threei} you too larisa

[15:07] {Threei} and just who do you think is on TV?

[15:07] {nemo} Biden?

[15:07] {nemo} Gingrich?

[15:07] {nemo} Jesse Jackson?

[15:07] {Threei} one guess left

[15:07] {nemo} THE SAVIOR

[15:08] {Threei} ummm

[15:08] {Threei} actually...

[15:08] {Threei} :)

[15:39] {Threei} MTXX Hearing Boutique firm making positive comments [Agora Financial]

[15:40] {dino} over coffee and doughnuts

[15:40] {Threei} I've got a suggestion guys

[15:41] {Threei} let's have a great weekend

[15:41] {Threei} think we desrved?

[15:41] {Threei} thank you all,, take care, I'll see you on Monday

[15:42] {dino} cya 3i

[15:43] {magoo} ty vad

Aug 13 2009

Blah day again, even so we got the main direction right. 2 wins, 3 stops, then flurry of action came in LVS and MGM but was mostly for momentum traders, with no chance to call technically sound entries and exits.

Session Time: Thu Aug 13 00:00:00 2009

[08:36] {nemo} hi lari

[08:37] {larisa} gm :)

[08:42] {Threei} *INITIAL JOBLESS CLAIMS: 558K V 545KE; CONTINUING CLAIMS: 6.202M V 6.300ME

[08:42] {Threei} - Prior jobless claims revised from 550K to 554K

[08:42] {Threei} - Prior Continuing Claims revised from 6.310M to 6.343M

[08:44] {nemo} is it you, or the good twin?

[08:45] {Threei} hmmm

[08:45] {Threei} this is the question I ask my self every morning looking in the morning

[08:45] {Threei} self says, that's for you to decide

[09:00] {KSystems} good morning

[09:00] {nemo} Wie geht's heute?

[09:00] {KSystems} entspannt, so kurz nach dem urlaub

[09:00] {Threei} KS :)

[09:00] {fernp} good morning everybody

[09:00] {nemo} Wunderschoen

[09:00] {Threei} fern :)

[09:01] {nemo} Haben sie Reise gemacht/

[09:01] {nemo} ?

[09:01] {KSystems} jawohl :)

[09:01] {nemo} wohin

[09:01] {KSystems} samos

[09:02] {nemo} toll

[09:02] {KSystems} auf jeden fall!

[09:02] {nemo} Sie sind doch wieder in asylum zuruck

[09:02] {KSystems} lol

[09:03] {KSystems} im irrenhaus?

[09:03] {KSystems} ja, das kann man so sagen

[09:04] {nemo} Ja, und heute der Boesezwilling Vad ist der Leiter

[09:04] {wulff} leiblings

[09:04] {nemo} oh oh, schwuele wulff?

[09:05] {wulff} das verstehst ich nicht

[09:05] {Threei} who is for kicking these folks out?

[09:06] {cosmo} :)

[09:06] {Threei} oh, and nemo... now we know, it's me

[09:06] {Threei} not a good twin

[09:06] {fernp} lol

[09:07] {nemo} yeah, that's what I told K here: [09:04] {nemo} Ja, und heute der Boesezwilling Vad ist der Leiter

[09:07] {nemo} Wulff, wohnen Sie im Deutschland?

[09:08] {Threei} ok... this is becoming impolite

[09:08] {Threei} english please

[09:08] {nemo} Wullf, do you live in Germany?

[09:08] {nemo} better?

[09:08] {wulff} nein, im universitet hatt studiert

[09:09] {nemo} he said, no, he studied German at University.

[09:09] {wulff} aber nun spreche ich swedisch

[09:09] {cosmo} thx nemo

[09:09] {nemo} which is different from lernen, huh wulffy

[09:09] {wulff} yes true

[09:09] {nemo} wulff also speaks swedish

[09:10] {nemo} that's what's interesting about German, makes a great base for, Dutch Danish, and the norse languages

[09:11] {Threei} HGSI Hearing Leerink Swann making positive comments (timing uncertain)

[09:11] {Threei} - Note: Price Target raised to $30 from $16 at Leerink Swann on 8/11; Reiterates Outperform rating (16.21, 0.00, 0.00%)

[09:11] {wulff} actually confused the hell out of me, syntax wise

[09:12] {cosmo} GSIC

[09:12] {nemo} it was the same for english when you got into the mechanics. Ever try reading The Frankfurter Allgemeine Zeitung-that still hurts

[09:14] {nemo} I'm doing some poetry translations now. Ow...try getting poetic license in one language to sing in another. Oy weh!

[09:14] {Threei} poor jf

[09:14] {KSystems} nemo tell me anyone who isnt hurt by the FAZ

[09:15] {Threei} he suffered enough of my photos, now nemo'as poetry is waiting for him

[09:15] {dino} gm all

[09:15] {Threei} CIT Enters agreement with Fed (1.28, 0.00, 0.00%)

[09:15] {Threei} dino :)

[09:15] {nemo} When I worked at Henkel the German's hated reading it before coffee

[09:16] {nemo} no, I'm not translating to put on a website

[09:16] {Threei} adopts tax benefits preservation plan

[09:19] {dptl} good morning all

[09:19] {dptl} .

[09:19] {Threei} dp :)

[09:20] {Threei} watching HGSI and BAC

[09:20] {nemo} look at Rimm

[09:21] {Threei} what for?

[09:21] {nemo} chart formation?

[09:21] {Threei} RIMM volatility is not a good idea at the open

[09:29] {magoo} morn

[09:29] {Threei} magoo

[09:30] {nemo} what was that about RIMM volatility...duck!

[09:31] {Threei} watching BAC for entry pn pullback

[09:31] {Threei} desirably .55 - .60 area

[09:32] {Threei} Long Setup: HGSI .75 break half lot

[09:32] {nemo} stuck quote on bid @ .67

[09:32] {Threei} if stays above .60

[09:32] {Threei} Long Setup: BAC .70 break

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

[09:35] {Threei} BAC elects pullback enty it seems

[09:36] {Threei} first strength from here

[09:36] {Threei} stop under .55 for scalpers, under .50 for day traders

[09:37] {Threei} market more weakness

[09:38] {Threei} no go BAC

[09:45] {Threei} Long Setup: RIMM .20 break half lot

[09:46] {patel} 72.05 stop

[09:47] {Threei} I'd prefer under 72

[09:47] {Threei} no worky

[09:47] {fernp} sigh

[09:48] {nemo} closing the gap

[09:50] {dino} sm s esi .49

[09:54] {nemo} Hey Vad, I thought the market was supposed to rocket into the stratosphere this morning :)

[09:57] {Threei} what made you think so?

[09:58] {nemo} kind of a joke: You always say market does opposite. Well, the world markets rocketed, futures were way up, and a little blip about unemployment claims BAM!!!

[09:59] {Threei} F Reportedly plans to increase Q3 production by 10K units (26.42, +0.20, 0.76%)

[09:59] {magoo} cant believe how bad RIMM trades anymore..hsater it piece of crap

[10:00] {Threei} *JUNE BUSINESS INVENTORIES: -1.1% V -0.9%E

[10:00] {Threei} - prior revised from -1.0% to -1.2%

[10:02] {Threei} Long Setup: WFC .40 break if stays above .30

[10:02] {Threei} aww

[10:02] {Threei} late

[10:02] {Threei} don't chase

[10:03] {Threei} see if pulls back under .40

[10:03] {dino} esi bstop to .52 stuck

[10:03] {Threei} grrr

[10:04] {dino} cov .37, +.12

[10:05] {magoo} u reading CAT vad

[10:05] {Threei} hesitated on 47 break

[10:06] {Threei} oh well

[10:10] {Threei} Long Setup: MXIM .75 break

[10:11] {dino} bobe sm l .90

[10:11] {patel} .58 or .67 for stops

[10:11] {Threei} under .65

[10:12] {Threei} CAAS...

[10:12] {Threei} momo stock

[10:12] {Threei} no technicals to it

[10:13] {Threei} if takes big offers at 8.80, has a good chance to break 10 and run

[10:13] {Threei} risky as hell

[10:13] {Threei} Yesterday 05:45 CAAS Reports Q2 $0.24 v $0.12e, R $62.5M v $48.8Me (2 est)

[10:13] {Threei} - Guides FY09 Rev +20% y/y (implying $195.8M v $186.6Me

[10:14] {Threei} 9.80 that was of course

[10:14] {Threei} GM CEO: August sales appear 'robust'; some signs starting to flash green - CNBC (17.89, +0.04, 0.22%)

[10:15] {nemo} offers piling up at .80

[10:15] {dino} cisg

[10:20] {dino} cisg sm s .75

[10:22] {magoo} in mxim

[10:22] {Threei} market is preparing for blastoff

[10:22] {Threei} unless my feel is completely off

[10:22] {Threei} which is a possibility of course

[10:22] {fernp} in MXIM

[10:23] {nemo} caas crashed

[10:23] {Threei} Reportedly US bankruptcy filings up 35% for the 12 months ended June 30, 2009

[10:23] {Threei} no it didn't

[10:23] {Threei} this is how it trades

[10:23] {dino} main street dies while markets rock, hmmmm

[10:23] {Threei} [10:13] {Threei} risky as hell

[10:24] {nemo} yep. .17 spread

[10:26] {Threei} MXIM over 1:1

[10:26] {fernp} ty Vad

[10:26] {Threei} half out or scalp

[10:26] {patel} ty

[10:26] {patel} i scalped it

[10:29] {magoo} outy .87 TY

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

[10:30] {Threei} - NYSE volume 125M shares, about 53% below its three-month average; decliners lead advancers by 1.1:1.

[10:30] {Threei} - NASDAQ volume 515M shares, about 4% below its three-month average; decliners lead advancers by 1.2:1.

[10:30] {Threei} - Note: NYSE has reportedly been having technical issues

[10:36] {magoo} any read AMZN vad?

[10:37] {Threei} looks long to me

[10:37] {Threei} but I am biased

[10:37] {Threei} I can't shake off the feeling of market preparing to roast da bears

[10:37] {magoo} i thought long too if IF mkt helps

[10:38] {magoo} mxim weird trader

[10:38] {magoo} not familiar with this beast

[10:38] {Threei} here comes the blast

[10:39] {magoo} amzn .30 cents

[10:39] {Threei} anyone went for WFC on pullback?

[10:40] {magoo} no but caught amzn

[10:42] {magoo} c'mon mkt another leg up

[10:43] {magoo} see vad..just ask nice

[10:45] {Threei} I hate it... a few shakeouts in the morning kept me from calling too many plays I saw later on

[10:45] {Threei} BC, 8.60 break long

[10:45] {Threei} CAT

[10:46] {Threei} CHKP

[10:46] {dino} cov cisg .15, +.60

[10:47] {dino} rovi

[10:47] {magoo} just call them boss and we keep stops ..if sets up

[10:47] {Threei} at any other moment, CHK 27.80 break would be irresistible

[10:47] {Threei} that's how I usually see it

[10:47] {magoo} have faith in your minyons

[10:48] {Threei} but these cries after 2-3 stops are demoralizing :)

[10:48] {nemo} what cries?

[10:50] {magoo} u know whats demoralizing

[10:50] {Threei} barber quartets?

[10:53] {magoo} fish

06[10:53] * magoo slaps Threei around a bit with a large trout

06[10:53] * nemo slaps magoo around a bit with a large trout

[10:53] {magoo} hey..what i do??

[10:54] {nemo} you're breathing

[11:01] {Threei} ECB reportedly moving towards a standardization of deposit guarantees for Euro Zone

[11:01] {Threei} - Sees 100K deposit coverage as appropriate (related XLF IXG )

[11:04] {dino} sm apol l .00

[11:23] {patience} nope...i'm looking at natural gas plays

[11:24] {dino} cisg waking up again

[11:25] {dino} wow snda down almost $20 in two weeks

[11:51] {dino} acad

[11:51] {Threei} no news that I see

[11:52] {dino} nor i

[11:57] {fernp} RF breaking hod

[12:02] {Threei} Long Setup: HIG .70

[12:03] {Threei} not a scalp for me

[12:03] {Threei} target closer to 20, quite possibly above

[12:07] {dino} darn acad was waiting s at .50

[12:21] {dino} cisg spike-r-oni

[12:27] {patel} what kind of stop u looking at for HIG

[12:27] {patel} below 19.60

[12:29] {Threei} I'd prefer .55, .60 may be a bit too stingy

[12:30] {Threei} but easy to trail as soon as next resistance is broken

[12:30] {Threei} which is .80

[12:32] {magoo} in hig-mont

[12:34] {fernp} in HIG too

[12:34] {patel} in HIG

[12:36] {magoo} need more in..to form lynch mob if fails

[12:37] {dino} ipcm

[12:37] {nemo} jeez mags, putting enough pressure on poor Vad

[12:37] {magoo} he responds well too pressure

[12:38] {nemo} time for the rocket launcher Vad?

[12:38] {Threei} my response to pressure differs depending on time of the year

[12:39] {nemo} yeah, you might get dino collaterally

[12:39] {Threei} in August it's "good bye, see you after Labor day, when the volume and activity return. Until then, if you don't want to put up with sporadic activity, just take vacation"

[12:40] {Threei} I mean come on... aside of last year which was complete anomaly, have you ever seen t=radeable August?

[12:41] {Threei} if we are making 3 profitable days each week, we need to be highlighted in the next Guiness book

[12:41] {nemo} the beer?

[12:45] {dino} apol out .07, +.07, things' stuck

[12:49] {Threei} now that .60 successfully held the test, stop can be trailed

[12:52] {Threei} Preview: Treasury's $15B 30-year bond auction results due out just after 1PM ET

[12:52] {Threei} - $1B increase from the May auction

[12:52] {Threei} - bid-to-cover ratio at the May auction was 2.14

[12:53] {nemo} put tbt and tlt on your screens

[12:54] {Threei} oh btw, on ACAD:

[12:54] {Threei} ACADIA Pharmaceuticals Inc Ticking higher on speculation of positive results in upcoming release of phase 3 parkinsons disease trial

[12:54] {Threei} - on Aug 5, management said it remains on track to report top-line results from this Phase 3 pimavanserin trial during the third quarter. In May, ACAD, completed enrollment for the trial for patients with Parkinsons disease psychosis (PDP).

[12:56] {Threei} hope this auction won't screw up our HIG play

[12:56] {nemo} that's why I mentioned tbt

[12:58] {nemo} tbt dropping

[13:00] {patel} i went on and cut HIG for a +.04

[13:01] {nemo} tbt continues to drop auction must be goo

[13:01] {nemo} d

[13:01] {Threei} TREASURY'S $15B 30-YEAR BOND AUCTION BID-TO-COVER RATIO: 2.54 V 2.14 PRIOR AND 2.10 AVE OVER THE LAST 5 AUCTIONS

[13:01] {Threei} nice

[13:02] {Threei} - indirect bidders take 48.1% of competitive bids

[13:02] {Threei} - bonds draw 4.541%, 16.7% alloted at high

[13:03] {Threei} 1:1 HIG

[13:03] {fernp} i am out TY Vad

[13:03] {Threei} welcome

[13:03] {Threei} half out for me, acting according to a plan

[13:04] {magoo} u ever vary off the plan?

[13:04] {Threei} yes

[13:04] {Threei} but I need reason for it

[13:05] {magoo} like..if we drinking and u plan to get drunk..are we getting drunk?

[13:05] {Threei} and so far everything goes according to scenario

[13:11] {dino} sm s acad .50

[13:23] {dino} acad bstop to b/e

[13:26] {dino} brb

[13:26] {Threei} so, we got 2 out of 3 back, right?

[13:28] {Threei} if you all are asleep, I won't even bother looking for two more {G}

[13:28] {larisa} do not make them count :)

[13:28] {Threei} oh

[13:28] {Threei} I forgot

[13:28] {Threei} we are abakus-challenged

[13:28] {Threei} even though Raven thinks it's abacus

[13:35] {dino} cov acad .35, +.15

[13:35] {Raven} sigh

[13:38] {nemo} You want me to tell you about one I watched but didn't call?

[13:38] {Threei} why?

[13:39] {Threei} I mean, why yes

[13:39] {nemo} give you a chance to abuse me

[13:39] {Threei} as if I needed a reason

[13:39] {Threei} or excuse

[13:39] {nemo} Rimm when it dropped below 72.20

[13:40] {nemo} whacked up against the pivot a coupla times, saw it tested .15 acouple times, market was dropping, said it'll probably drop if it goes below .20

[13:40] {nemo} there, abuse me...

[13:40] {Threei} sure here goes

[13:40] {nemo} should I grab my ankles

06[13:41] * Threei forwards nemo's e-mail address in his reply to 80 latest smap e-mails, adds the text "please e-mail all these great offers to this guy, he will appreciate them greatly"

[13:42] {nemo} now that's beyond the pale...quite uncalled for...ridikulous

[13:43] {Threei} btw, speaking of great offers... fern, any chance you would drop to Tarragona on my behalf?

[13:43] {Threei} there is this big prize I won... but I must come to their office in person

[13:43] {Threei} to cailm it

[13:48] {dino} powi

[13:52] {nemo} I guess you can kick me some more on RIMM

06[13:59] * Threei sends nemo's address to 80 more spammers

[13:59] {fernp} Tarragona is not beatiful. Too many factories. Too much smoke

[14:00] {fernp} Andalucia is diferent. Much better. south of Spain

[14:00] {nemo} redemption: TCK might be a play here if it loses .20 again

[14:05] {Threei} guys, I just talked to dave about this GETCO thing

[14:06] {Threei} he will have some inetersting update fo us within nearest days

[14:06] {nemo} you take tck, it went 1:2

[14:13] {nemo} frickin RIMM

[14:16] {magoo} trades terribleanymore

[14:16] {magoo} i smashed my blackberry so pissed

[14:16] {nemo} no, it's been going down since I didn't call the short

[14:17] {nemo} tck gave .12 on .05 risk though

[14:20] {magoo} HIG bounce lord vader?

[14:20] {Threei} that's what AI am trying to time

[14:21] {nemo} c u 2 morow

[14:21] {Threei} don't wat to be too early, I've had my share of shakeouts for the next couple month

[14:21] {Threei} but inevitable outcome is, missing quite a few plays

[14:21] {Threei} take care nemo

[14:22] {magoo} in defense..its been tricky

[14:25] {Threei} in whose defense?

[14:31] {magoo} sigh

[14:32] {Threei} mags... if you are horrifyingly bored,

[14:32] {Threei} watch CAAS

[14:33] {Threei} .60 break... and if breaks .80, going to jump over 10 most liekly

[14:33] {Threei} if doesn't work, will kill you

[14:33] {Threei} but one thing is for sure: you won't be bored

[14:34] {magoo} odds?

[14:34] {Threei} 50.0076

[14:35] {magoo} himmmmm..not bad odds

[14:37] {Threei} of course... if all your prior encounters with odds theory were to jump from the Empite State building and see if you survive...

[14:39] {Threei} RF Ticks higher after Jim Cramer makes comments

[14:43] {dino} sm s hrs .55

[14:54] {dino} hrs bstop to .45

[14:55] {dino} cov .40, +.15

[14:59] {dino} sm s cisg .75

[15:02] {Threei} LVS Trading halted; news pending

[15:03] {Threei} I was thinking of long on it

[15:03] {Threei} good thing I skipped, lol

[15:03] {Threei} or not

[15:03] {patel} mgm is spiking

[15:04] {Threei} symapthy

[15:04] {Threei} but news is not known yet

[15:05] {Threei} MGM maybe a way to play LVS news when it comes out while LVS itself is still hatled

[15:06] {magoo} mgm already ripping up

[15:07] {Threei} and down

[15:07] {Threei} pure speculation at this point

[15:13] {dino} hrs sm l .25

[15:13] {magoo} BAC stronggggg

[15:16] {dino} cisg stopped ouch

[15:16] {Threei} AMGN Reportedly fails to win backing from FDA on preventive use of drug to prevent Osteoporosis

[15:16] {Threei} - Earlier received (5.77, 0.00, 0.00%)

[15:17] {Threei} Earlier received approval for use of Denosumab in treatment of Osteoporosis

[15:18] {patel} Speculation is that the LVS halt is likely due to an announcement that could improve the company's liquidity position -- possibly some sort of capital raising event (potentially an IPO of Maccau assets in Hong Kong Market, convertible bond offering, selling of a minority stake, or financing for stalled projects), or possibly a covenant waiver/amendment... The mentioned events are company specific in nature, but the casino stocks t

[15:18] {Threei} LVS Completes Amendment of Macau Credit Facility Las Vegas Sands Corp. Completes Amendment of Macau Credit Facility

[15:20] {Threei} lol, MGM is lost

[15:25] {dptl} have a good evening all

[15:25] {Threei} LVS opened

[15:27] {Threei} take care dp

[15:27] {Threei} now MGM found what to follow

[15:29] {Threei} wow

[15:30] {Threei} Amendment provides the company with important advantages, including the ability to sell a minority stakes

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

[15:30] {Threei} - NYSE volume 475M shares, about 45% below its three-month average; advancers lead decliners by 1.4:1.

[15:30] {Threei} - NASDAQ volume 1.75B shares, about 3% below its three-month average; advancers lead decliners by 1.1:1.

[15:30] {Threei} - VIX index -1.3% to just over 25.00

[15:30] {Threei} - Note: NYSE has reportedly been having technical issues

[15:32] {dino} cisg monster rinse

[15:33] {dino} all day 3i

[15:34] {Threei} yeah

[15:34] {dino} yeah

[15:35] {jfjf64} good afternoon all

[15:35] {dino} :)

[15:35] {Threei} hey jf

[15:35] {jfjf64} how was day

[15:35] {Threei} blah

[15:35] {Threei} LVS bounce candidate

[15:36] {jfjf64} need somethin

[15:36] {jfjf64} .60 l

[15:37] {Threei} wow

[15:37] {Threei} mentioned it under .50

[15:37] {Threei} why chase so much?

[15:38] {jfjf64} out .66

[15:38] {Threei} oh I see...

[15:38] {Threei} you have an itch to scratch {G}

[15:38] {jfjf64} yup

[15:38] {Threei} AMGN FDA panel rejects drug for treament of bone loss in breast cancer

[15:38] {jfjf64} wife had me shoppin all day for trip

[15:39] {jfjf64} wow

[15:39] {Threei} IMO... both LVS and MGM are not done

[15:39] {Threei} but trade so gectically, it's pure momo

[15:39] {Threei} no technicals

[15:40] {jfjf64} what gectacally

[15:40] {Threei} hectically too

[15:40] {jfjf64} .80 l lvs

[15:41] {Threei} oh boy

[15:41] {larisa} lol

[15:41] {Threei} you chaser you

[15:41] {jfjf64} out .85

[15:42] {jfjf64} chicken little

[15:42] {jfjf64} look at this

[15:43] {jfjf64} did this stop tradin today

[15:43] {Threei} yes, was hatled earlier

[15:44] {jfjf64} s mgm .73

[15:44] {Threei} huh?

[15:44] {Threei} LVS goes above 14

[15:45] {Threei} MGM goes above .80

[15:46] {jfjf64} .82 was nice trigger mgm

[15:46] {Threei} here comes LVS

[15:46] {jfjf64} look at wynn

[15:46] {patel} what type of stop u looking at for LVS

[15:46] {Threei} where are you in?

[15:47] {patel} notr yet

[15:47] {Threei} oh

[15:47] {Threei} no no

[15:47] {patel} was lokoing over break of 14

[15:47] {Threei} 14 is not entry

[15:47] {Threei} no way

[15:47] {patel} ok

[15:47] {patel} lol

[15:47] {jfjf64} boy vegas is lookin good these days

[15:47] {jfjf64} easy patel

[15:47] {patel} jf, lets go hit the roulette tables

[15:48] {jfjf64} love too

[15:49] {jfjf64} vad we sd hv a little get together there for all ya reality family

[15:49] {Threei} I guess we need to find time and go over how you play this kmind of movements

[15:49] {Threei} actually, gotta do it anyway since we are likely to see more of those in the fall

[15:49] {Threei} in Vegas?

[15:49] {Threei} how about bahamas?

[15:49] {jfjf64} .73 s mgm

[15:50] {Threei} Freeport, january

[15:50] {jfjf64} luv set up

[15:50] {jfjf64} in

[15:51] {Threei} if .55 gets taken on CAAS, I am taking it overnight

[15:51] {jfjf64} sell

[15:53] {patel} at .54 right now

[15:55] {jfjf64} oh boy 5 min

[15:57] {jfjf64} out .77

[15:58] {jfjf64} 3 cent lose

[15:58] {dino} out hrs -.10, out bobe -.02

[15:58] {Threei} okay guys, have a good evening, see you tomorrow

[15:59] {larisa} see you :)

[15:59] {jfjf64} gn all

[15:59] {fernp} bye. good evening all

[16:00] {magoo} ok..ty all

Aug 12 2009

We got the general direction of the market right but actual utilization of the read was tough - shakeouts prevailed on many stocks. Overall, I'd call it a draw.

Session Time: Wed Aug 12 00:00:00 2009

[08:30] {Threei} US) JUNE TRADE BALANCE: -$27B V -$28.7BE

[08:31] {BillyD} GM Vad

[08:32] {Threei} Billy :)

[08:34] {Threei} see JAZZ?

[08:34] {BillyD} yes

[08:35] {Threei} CYTR Drug Candidate INNO-206 Produces Statistically Significant Tumor Shrinkage in Animal Model of Small Cell Lung Cancer

[08:36] {Threei} CRY Receives FDA 510(k) Clearance for SynerGraft(R) Processed Human Cardiac Patch Material - Update (5.18, 0.00, 0.00%)

[08:50] {ese} morning vad ....will be with you all for a couple of hours at least.......

[08:51] {patience} take me with you ese...... :)

[08:51] {Threei} hi ese

[08:51] {ese} pack your bags......come on over

[08:51] {patience} :)

[08:52] {Threei} in case we get submerged into action later, have a safe trip and as much fun as you can squeeze

[08:52] {ese} needed to get my fix of you all before i left

[08:52] {Threei} into whatever time you have

[08:52] {ese} will do

[08:52] {patience} whole family going?

[08:53] {ese} no just me.....Vi High R&B band trip

[08:53] {cosmo} is that legal?

[08:53] {Threei} who finances those, if not a secret?

[08:53] {ese} when i get back they are picking me up at the airport in vancouver and we are all going up to Whistler for 5 days

[08:54] {patience} life is good :)

[08:54] {ese} We fund raised the whole to do it vad.....mostly shows

[08:54] {Threei} got it

[08:54] {cosmo} bigfoot country?

[08:54] {Threei} self-reliance

[08:54] {Threei} best thing

[08:55] {ese} I think thats more in the middle of the province cos

[08:55] {BillyD} He covers alot of terrotory ese

[08:55] {BillyD} territory

[08:56] {ese} Kootneys/Shushwap lake area......am not sure

[08:56] {magoo} morn

[08:56] {Threei} magoo

[08:56] {ese} MMMMMMAAAAAAGGGGGGSSSSSSSS!!!!!!!!!!

[08:56] {BillyD} magoo

[08:59] {fernp} good morning everybody

[09:00] {BillyD} fern

[09:00] {Threei} fern :)

[09:07] {magoo} u watching jazz..cree vad?

[09:07] {Threei} JAZZ yes

[09:08] {ese} jaso.....getting beat up,,,nothing serious.....misssed by .01

[09:08] {magoo} got near 8 afterhrs

[09:09] {dptl} good morning

[09:09] {Threei} dp :)

[09:19] {dino} gm

[09:19] {cosmo} JAZZ pre mkt high = 7.95 ...so far

[09:19] {Threei} dino :)

[09:20] {dino} es, have fun on vacation

[09:22] {ese} tks dino

[09:22] {larisa} not too much though, be safe :)

[09:23] {cosmo} keep a camera close by ...just in case

[09:25] {nemo} mornin

[09:25] {Threei} nemo :)

[09:26] {nemo} guess ej beat their numbers

[09:26] {magoo} TOL too vad..a watcher

[09:27] {patel} morning all

[09:27] {fernp} patel

[09:27] {Threei} patel :)

[09:28] {cosmo} ADCT

[09:28] {cosmo} tests high

[09:28] {dino} casket maker hi, quarterly profit down on mild pneumonia/influenza season

[09:28] {Threei} 06:02 ADCT Guides Q3 EPS $0.11-0.16 v $0.06e, Rev around $280M v $280. Me

[09:29] {Threei} 2:15pm FOMC Rate Decision

[09:30] {Threei} Long Setup: JAZZ .80 half lot

[09:30] {Threei} if stays above .60

[09:31] {dino} tol, bobe

[09:32] {Threei} fast trader JAZZ

[09:32] {dino} rtp

[09:33] {jfjf64} mornin all

[09:33] {Threei} jf :)

[09:34] {jfjf64} cat off 46.00 break

[09:34] {jfjf64} bad print .06

[09:35] {jfjf64} all out

[09:35] {jfjf64} omg

[09:36] {jfjf64} took 19 cents and pissed

[09:36] {cosmo} CREE : 34.60 pre mkt high

[09:37] {cosmo} fwiw

[09:38] {dino} tol sm s .10

[09:39] {Threei} Long Setup: JAZZ .55 if holding .40

[09:40] {Threei} Long Setup: CREE .50 if holding .35, half lot

[09:41] {magoo} in

[09:41] {jfjf64} .52 in

[09:42] {jfjf64} out ty

[09:42] {Threei} 1:1

[09:42] {BillyD} ty

[09:43] {patel} thanks 3i. nice trade

[09:43] {nemo} wow

[09:43] {magoo} jesus..missed exit

[09:43] {jfjf64} afl .65 break half

[09:45] {jfjf64} in .67

[09:46] {jfjf64} out afl 1/1

[09:47] {Threei} Long Setup: BC 9.55 break

[09:48] {jfjf64} half lot vad??

[09:48] {Threei} stop would be under .45 or .40

[09:49] {Threei} it's not overly thin

[09:49] {Threei} not horribly thick either

[09:49] {nemo} it's up 400% this month too

[09:49] {nemo} or in a month

[09:50] {BillyD} look at CROX chart

[09:50] {Threei} JAZZ, watching for double bottom

[09:50] {BillyD} want pullback myself

[09:50] {fernp} Vad, FITB if breaks 10.00?

[09:50] {Threei} .40 break aggressive entry JAZZ

[09:51] {jfjf64} lk it

[09:51] {Threei} I guess fern

[09:52] {jfjf64} jazz holdin ?

[09:52] {Threei} Long Setup: CAT 47 if holding above .90

[09:53] {ese} drys

[09:53] {Threei} no worky CAT

[09:53] {Threei} wow... nasty shakeout

[09:53] {patel} dang that was fast

[09:53] {jfjf64} in jazz

[09:55] {dino} cov tol .70, +.40

[09:56] {jfjf64} stop jazz

[09:59] {jfjf64} aig

[09:59] {jfjf64} any read vad

[09:59] {jfjf64} cat 47.00 break

[09:59] {Threei} looks up

[10:00] {Threei} .40 break maybe worth a try

[10:01] {Threei} CAT, that was rude

[10:01] {jfjf64} really super pissed

[10:01] {jfjf64} super pissed

[10:02] {jfjf64} grrrrrrrrrrrrrrrrrrr

[10:02] {dino} bobe sm l .35

[10:03] {jfjf64} ya going aig vadd looks nice

[10:03] {Threei} with stop under .25

[10:03] {jfjf64} finger on trigger

[10:05] {nemo} what's the trigger

[10:05] {jfjf64} in .43

[10:06] {jfjf64} lotta shares .45

[10:07] {BillyD} HGSI promising

[10:07] {jfjf64} any body else in aig

[10:07] {BillyD} not here

[10:08] {Threei} not anymorew jf

[10:08] {nemo} not anymore

[10:08] {jfjf64} lol lol

[10:08] {Threei} yes Billy but breaks don't really indulge us so far

[10:08] {jfjf64} shakeout?????????????????????

[10:08] {BillyD} agree vad, especially on this one

[10:08] {nemo} typical fomc day...sprint out of the gate slow fade to announcement

[10:09] {nemo} shakeout or WIPEOUT jf?

[10:09] {BillyD} we can short JAZZ

[10:09] {jfjf64} cat all day vad

[10:09] {jfjf64} .22 break here

[10:09] {Threei} yes but with shakeouts as soon as we enter {G}

[10:10] {nemo} cat looking short

[10:10] {Threei} WTO rules against China over music and movie piracy (related WMG TWX )

[10:10] {nemo} BFD...piracy is a way of life there

[10:10] {Threei} HGSI wakes up

[10:11] {jfjf64} invalid cat

[10:11] {dino} out bobe .69, +.34

[10:12] {nemo} laser fritzed on me again

[10:13] {jfjf64} aig vad bounce??

[10:13] {Threei} ?

[10:13] {Threei} don't know jf

[10:14] {dino} tol spike

[10:14] {Threei} laser is fine here nemo

[10:15] {jfjf64} looks good dino

[10:16] {Threei} guess who is on TV

[10:16] {jfjf64} axp 32.00 break

[10:17] {jfjf64} no likey axp

[10:18] {Threei} Goldman Sachs chief of global research Jim O'Neill: looking for the Fed to acknowledge economic gains in today's statement

[10:18] {Threei} - hopes the Fed will hold off on talking about specific exit strategies.

[10:18] {Threei} why?

[10:18] {Threei} I for one am interested to hear about their exit strategy

[10:19] {Threei} with secret hope they announce total exit... "we are headed for the door, no more Fed"

[10:19] {dino} i prefer silence

[10:19] {magoo} .

[10:19] {nemo} ?

[10:21] {Threei} market break is coming it feels

[10:21] {magoo} breakdown?or up?

[10:21] {Threei} up

[10:21] {magoo} read on cree?

[10:22] {cosmo} cree ...gee

[10:22] {Threei} none

[10:22] {magoo} make one up:)

[10:22] {Threei} sure

[10:22] {Threei} C

[10:22] {Threei} then R

[10:22] {Threei} then E

[10:22] {Threei} then, let me think...

[10:22] {magoo} read RIMM?

[10:23] {Threei} .20 break long

[10:24] {dino} panl l .91

[10:24] {jfjf64} aig .15 break here all in

[10:25] {Threei} you got RIMM mags?

[10:27] {jfjf64} cant break .15 aig

[10:28] {magoo} missed. went for coffeee

[10:28] {Threei} why do I bother answering

[10:29] {Threei} there were like 5 seconds between your question and my answer, and you managed to leave?? {G}

[10:29] {magoo} sorry..i thought u were going to throw out another sarcastic responsee

[10:29] {nemo} Vad's not like that

[10:29] {Threei} huh?

[10:29] {Threei} I am totally like that

[10:29] {Threei} what, you never met me?

[10:29] {magoo} THATS MY POINT

[10:29] {nemo} ME TOO...positive confirms the negative

[10:30] {nemo} Throw something nice out their and it repels you like the same poles of a magnet

[10:30] {Threei} DOE CRUDE: +2.5M V +1ME; GASOLINE: -827K V -1.2ME; DISTILLATE:+786K V +1

[10:32] {Threei} CAT pullback

[10:33] {Threei} either dive to .10 for entry

[10:33] {Threei} or .20 break if holding .15

[10:34] {jfjf64} in

[10:35] {fernp} me too

[10:35] {Threei} sigh

[10:36] {nemo} s1 is .04

[10:36] {jfjf64} grrrrrrrrrrrrrrrrr

[10:36] {Threei} what is it, let's shake all trees day?

[10:36] {nemo} FOMC

[10:37] {Threei} FOMC is non-event

[10:37] {Threei} no one cares

[10:37] {Threei} rates stays the same

[10:37] {BillyD} yeah, and how much can rate make a difference at this point

[10:37] {Threei} language will be the only thing that matters, and even that is negligible

[10:38] {magoo} l cat .13

[10:40] {magoo} no like

[10:41] {magoo} um..like?

[10:42] {jfjf64} 26 look gd aig vad??

[10:42] {Threei} well

[10:43] {Threei} chart wise yes

[10:43] {Threei} considering how they act today, questionable

[10:44] {jfjf64} got to gv shot

[10:45] {jfjf64} aig l 26 break

[10:45] {magoo} better shot is CREE

[10:49] {magoo} out CAT TY vad

[10:53] {Threei} nice move AIG

[10:57] {Threei} teleportastion

[10:58] {ese} Vad....is Techniques of Tape Reading in an ebook version anywhere? Was just thinking i should have it on my iphone.

[10:59] {Threei} does it read pdf?

[10:59] {ese} i think so

[11:01] {Threei} dcc ese

[11:02] {Threei} HGSI worked after all

[11:02] {BillyD} yes, took for scalp

[11:03] {ese} just signing off for a little bit......catch you in a few mintes

[11:06] {dino} tol s .91

[11:06] {Threei} fern, you went for that FITB?

[11:06] {fernp} yes

[11:07] {dino} bobe sm l .35

[11:07] {dino} .34

[11:09] {BillyD} HIG is strong

[11:10] {magoo} news jazz vad..upgrade?

[11:10] {Threei} storng earnings and guidance

[11:12] {fernp} out FITB +.10

[11:14] {BillyD} this mkt trades tick by tick

[11:14] {dino} tol stopped -.11

[11:17] {cosmo} qqqq hod = 40 fyi

[11:17] {cosmo} nice round #

[11:17] {larisa} 50 is better :)

[11:17] {cosmo} soon...

[11:18] {cosmo} summer rally not over

[11:18] {larisa} unless it is my age, then I want 30 :)

[11:20] {cosmo} i'm stuck at 12

[11:20] {larisa} lol

[11:20] {cosmo} :)

[11:26] {cosmo} adct wants more, it seems

[11:31] {cosmo} ... if it can hold .55

[11:35] {cosmo} adct hod = 8.75

[11:42] {nemo} Is the paint dry yet

[11:42] {cosmo} checking

[11:46] {cosmo} paint never drys ....it just gets stiffer...

[11:47] {larisa} took 4 min to check:)

[11:48] {Threei} well, you need to change your clothes to disposable ones, then sit on a painted surface...

[11:48] {Threei} then get up and check

[11:48] {larisa} what's HURN problem? accounting?

[11:48] {cosmo} because i had to be sure :)

[11:52] {Threei} HURN is one-two punch

[11:53] {cosmo} adct gonna test

[11:53] {magoo} look at wfc bac vad..strong

[11:53] {Threei} earnings,

[11:53] {Threei} then delay of filing on Aug 10

[11:53] {Threei} and to complete the circle of troubles, SEC investigation now

[11:54] {larisa} tks

[11:54] {Threei} BCRX Hearing strength being attributed chatter that US Dept of Health and Human Services (HHS) could soon issue positive determination on BCRX's Premavir as an H1N1 flu treatment (9.67, +0.53, 5.80%) (related SWINEX )

[11:55] {jfjf64} hig l .84

[12:04] {Threei} wsatching BCR for possible bounce

[12:06] {larisa} BCRX you mean?

[12:06] {magoo} u mean bcrx?

[12:08] {cosmo} ADC possible double top

[12:08] {Threei} yes...

[12:22] {magoo} still looking for a bounce in it?

[12:27] {Threei} yeah, but I hoped for pullback closer to .50 - .60 area

[12:36] {BillyD} HGSI mind of its own

[12:37] {Threei} and evilish mind it is

[12:37] {BillyD} it's tame today though

[12:37] {Threei} it pretends

[12:37] {BillyD} lol

[12:37] {Threei} anyone see this gal on TV saying

[12:37] {Threei} tax me tax me tax me

[12:38] {Threei} I hear beeee.... fleece me flece me fleece me... beeeeee

[12:46] {cosmo} adct tests and rolls over...into a coma, it seems

[12:49] {jfjf64} im goin to hv sm cocktails this is killin me

[12:49] {Threei} coma is killing you??

[12:49] {Threei} you must have hyperactivity disorder...

[12:50] {jfjf64} ya think see how i trade

[12:50] {cosmo} yea... and i have to walk the dogs before it gets to hot

[12:50] {cosmo} i'm getting that look....

[12:50] {BillyD} they growling

[12:51] {jfjf64} what part of country ya in cosmo

[12:51] {cosmo} whining ....in san diego

[12:51] {jfjf64} comon

[12:51] {nemo} stfu

[12:52] {jfjf64} best weather in world

[12:52] {cosmo} not me... the dogs

[12:52] {larisa} lol

[12:52] {BillyD} lol

[12:53] {jfjf64} bombay martini callin my name see ya guys be careful

[12:54] {Threei} best weather in world?

[12:54] {nemo} yeah

[12:54] {Threei} scorched earth...

[12:54] {jfjf64} i say

[12:54] {nemo} no SD is very temperate

[12:54] {magoo} make magoo 1 jf

[12:54] {jfjf64} ya not thinkin moscow mr vad

[12:54] {Threei} nemo... ever visited in the summer?

[12:55] {nemo} SD...yes

[12:55] {BillyD} Vad, the more inlamd in SD it becomes like desert

[12:55] {Threei} I know

[12:56] {Threei} well... then I'll have to question your definition of "temperate" {G}

[12:56] {nemo} well, my buddy does live near the water

[12:56] {Threei} ahha

[12:57] {Threei} unlike the remaining 99% of SD population :)

[12:57] {Threei} CROX...

[13:00] {ese} am back for a little bit.....

[13:00] {ese} vad tks

[13:00] {ese} got the email

[13:01] {Threei} :)

[13:01] {Threei} TREASURY'S $23B 10-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.49 V 2.47 IN FEB AND 2.29 OVER THE LAST 5 AUCTIONS

[13:02] {Threei} US) White House Press Sec Gibbs: Executive pay must be based on "value provided

[13:05] {nemo} were those auction results Vad? not much effect if so

[13:06] {Threei} you lost me

[13:07] {Threei} I post auction results... you ask were those auction results?

[13:07] {Threei} I have three version of answer

[13:07] {Threei} yes

[13:07] {Threei} no

[13:07] {nemo} sometimes you post what happened last time before the results, so I was just making sure...OH STUFF IT!

[13:07] {Threei} don't know

[13:07] {Threei} pick any :)

[13:07] {nemo} How about, "perhaps"

[13:08] {Threei} there... you came up with 4th, all on your own

[13:08] {Threei} pick out of 4 now

[13:08] {nemo} having said that, TBT reacted strongly

[13:09] {dino} we were asleep on tbt

[13:10] {Threei} sorry... YOU were asleep on TBT

[13:10] {nemo} yeah, gave plenty of time to hop in

[13:10] {Threei} I for one was alseep on eerything

[13:11] {dino} you get it?

[13:12] {Threei} lol... no

[13:12] {nemo} no, I looked just before I im'd. We gotta' have a plan for these days

[13:30] {ese} am outta here ladies and gentlemen......if i can log in while in Denmark i will.......take care will see you in 2 weeks or so

[13:31] {BillyD} enjoy ese

[13:31] {nemo} don't flush the toilet over Mass

[13:31] {ese} and......good trading!!!

[13:31] {cosmo} back ...barely

[13:31] {ese} will try not to nemo

[13:31] {cosmo} its getting scorched out there

[13:32] {Threei} enjoy your trip ese

[13:32] {fernp} have a nice trip ese

[13:33] {cosmo} stay away from the berry patches

[13:42] {Threei} Preview: FOMC rate decision and statement due out around 2:15pmET

[13:42] {Threei} **the FOMC is expected to hold rates again at 0.25% today, and consensus expectation seems to be that the committee will be reluctant to make serious modifications to its accompanying statement for fear of rocking the boat. The Fed has observed the recent improvements in data such as the pick-up in home sales, and the pace of job losses decreasing, and the optimism exemplified by the rising stock market. This should allow the FOMC to take more of a wait and see stance at this meeting, and the statement will likely repeat its forecasts for "exceptionally low levels of the federal funds rate for an extended period" and "inflation will remain subdued for some time."

[13:43] {Threei} The FOMC's commentary on its asset purchase programs will be a major focus, particularly the $300B Treasury purchase program that it announced in March and is expected to be fully exhausted by mid-September. In his Congressional testimony last month, Bernanke declined to announce the fate of the program only stating that it is a "continuing topic of discussion for the FOMC." The Fed could comment today on whether it will extend or conclude the program in September, but it could also choose to stay silent on the future of the program, relying on the open ended language of the prior statement that the committee "will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outloo

[13:43] {Threei} outlook" and will "make adjustments to its credit and liquidity programs as warranted." The Fed announcing a replenishment of the Treasury purchase program would likely be considered a surprise move (but be reminded BOE surprised markets with a 50B increase in its quantitative easing program last week). The Fed could also move to extend its TALF program as an incremental step today.

[13:49] {Threei} Preview: July Monthly Budget Statement due out at 2pmET

[13:49] {Threei} **consensus expectation: -$180Be v -$102.8B prior

[13:55] {Threei} CROX just won't quit

[13:56] {BillyD} hard to daytrade though with its pullbacks, never know which break gonna be good

[13:57] {BillyD} at least for me

[14:00] {Threei} JULY MONTH BUDGET STATEMENT: -$180.7B V -$180BE

[14:10] {Threei} Market Internals update at 2:00pmET

[14:10] {Threei} - NYSE volume 610M shares, about 7% below its three-month average; advancers lead decliners by 5.2:1.

[14:10] {Threei} - NASDAQ volume 1.27B shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.

[14:10] {Threei} - VIX index -1.75% to just over 25.50

[14:16] {Threei} *FOMC LEAVES RATE UNCHANGED AT 0.25%; LEAVES DEBT PURCHASES UNCHANGED (related TLT SHY SPY GLD USO EUR/USD USD/JPY GBP/USD )

[14:16] {dino} no change

[14:16] {Threei} UNCHANGED; will gradually slow purchases through Octobe\

[14:17] {Threei} Vote was unanimous

[14:17] {Threei} - Reiterates inflaiton will remain low for some time

[14:18] {Threei} TBT, if you are fast is scalpable

[14:18] {Threei} teleportation idea

[14:18] {Threei} no breaks

[14:19] {patience} ty vad, although i still feel dumber than a doornail not knowing what market is doing yet. personally i see red days ahead.

[14:20] {Threei} .07 - .25 scalp

[14:21] {Threei} market is doing its usual thing, IMO

[14:21] {Threei} killing last remaining bears

[14:21] {Threei} topping action, rude and violent,

[14:21] {patience} tsx is dropping

[14:21] {Threei} when bears give up market reverses

[14:22] {Threei} .06 - .20

[14:22] {Threei} getting the rythm of these moves?

[14:23] {BillyD} on TBT?

[14:23] {Threei} yes

[14:23] {larisa} I do not understand this kind of play, spikes both ways , how in the world can you react or predict :)

[14:24] {Threei} pbserve them larisa

[14:24] {Threei} they have pattern

[14:25] {nemo} .

[14:26] {nemo} am I still here

[14:26] {larisa} yes

[14:27] {dino} no

[14:27] {larisa} perhaps :)

[14:27] {Threei} rofl

06[14:28] * Threei high-fives larisa who seem to successfully reach his, Threei's, level of sarcasm

[14:28] {Threei} it's just such perfect follow-up to

[14:28] {Threei} [13:07] {nemo} How about, "perhaps"

[14:29] {nemo} D P W F L

[14:47] {nemo} still in coma

[14:52] {Threei} watching BC for double bottom

[14:52] {Threei} .75 long

[14:52] {nemo} Ground Hog Day

[14:53] {nemo} half or full

[14:53] {Threei} does it look very thin to you?

[14:53] {nemo} no, but you called "half" on it this morning

[14:54] {Threei} that wass volatility of the morning

[14:55] {Threei} scalpers get out here

[14:55] {Threei} daytraders half out

[14:55] {fernp} out in .77 out .86 TY

[14:55] {magoo} vad..u really nailed the bear trap theory..NIVCE

[14:56] {Threei} thank you

[14:56] {Threei} just don't call me Nivce anymore, deal?

[14:56] {magoo} and that was while the mkts were tanking

[14:56] {dino} who is this vad you speak of?

[14:56] {Threei} hehe

[14:57] {Threei} daytraders, feel free to exit BC here in full

[14:57] {Threei} 25 cents out of nowhere, gift to be taken

[14:58] {dino} sounds like livermore

[14:58] {larisa} ok, no ' setup" word that i have on alert..

[14:58] {fernp} nice call Vad

[14:58] {Threei} sorry larisa

[14:58] {jmb} thanks Vad

[14:58] {Threei} jmb :)

[14:58] {nemo} [14:52] {&Threei} watching BC for double bottom

[14:58] {nemo} [14:52] {&Threei} .75 long

[14:58] {nemo} nope

[14:59] {Threei} where is jf... no smile policy has been caanceled, and he is not here

[14:59] {Threei} NY Fed: reduced size and frequency of Treasury purchases to be begin on Aug

[14:59] {larisa} guess will add "long" and "short" to the list:)

[15:02] {Threei} wow

[15:02] {Threei} that's a bit more than I had expected form BC

[15:02] {Threei} double bottom action is usually good, but not THAT good

[15:02] {Threei} total rocket

[15:03] {nemo} rimm fas tck fcx all rocketed too

[15:04] {Threei} guess who is coming on TV

[15:04] {nemo} Hillary?

[15:04] {Threei} you wish

[15:04] {nemo} not really...Palin was cute though

[15:07] {dptl} have a good evening all

[15:08] {Threei} take care dp

[15:14] {dino} out bobe .60, +.26

[15:20] {wulff} Hey all. What did I miss?

[15:20] {nemo} coma

[15:21] {Threei} since I prefer my memory to have a span of a moth, I'll say one great play on BC

[15:21] {Threei} I will conviniently forget all the mixed bag of invalidated, stopped and slightly working ones before

[15:22] {Threei} anyone who wants to remind me, don't even bother - I'll prtened I am deaf

[15:22] {nemo} blind too?

[15:22] {Threei} of course

[15:40] {BillyD} mkt spikes and then jsut stalls

[15:40] {BillyD} just

[15:51] {BillyD} CRY get more news?

[15:52] {Threei} not that I see

[15:52] {BillyD} some spike

[15:52] {jfjf64} cof l .72

[15:55] {jfjf64} lets go

[15:56] {Threei} CRY... what the deuce

[15:56] {BillyD} tempted but not crazy enough to try it

[15:57] {jfjf64} out

[15:57] {jfjf64} + 5 cents

[15:57] {jfjf64} gettin late

[15:57] {Threei} yeah

[15:57] {jfjf64} lk lk gnaa go

[15:58] {jfjf64} 1/1 damn

[16:00] {Threei} okay guys, thank yoku all

[16:00] {Threei} have a nice evening

[16:00] {Threei} see you tomorrow

[16:00] {magoo} ty vad

[16:00] {BillyD} u 2

[16:00] {jfjf64} enjoy all

[16:00] {nemo} gnite