Aug 20 2009

Not much happened aside of AIG momentum-fuelled run. August is slowly winding down...

Session Start: Thu Aug 20 01:23:07 2009

[08:50] {Threei} INITIAL JOBLESS CLAIMS: 576K V 550KE; CONTINUING CLAIMS: 6.241M V 6.215ME

[08:50] {Threei} - Prior jobless claims revised from 558K to 561K

[08:50] {Threei} - Prior Continuing Claims revised from 6.202M to 6.239M

[08:51] {nemo} that should dampen things a bit

[08:52] {Threei} caused whole 10 points NQ drop

[08:52] {nemo} august somnolence

[09:06] {fernp} good morning everybody

[09:06] {nemo} another optimist

[09:07] {fernp} sorry

[09:07] {nemo} just don't do it again

[09:07] {Threei} fern :)

[09:08] {magoo} morning

[09:08] {nemo} Magus :)

[09:08] {Threei} magoo :)

[09:09] {cosmo} PTEM might heal

[09:09] {dino} gm all

[09:09] {cosmo} watch 20 action

[09:09] {dino} shld blood

[09:09] {nemo} bad earnings

[09:09] {nemo} employment ba too

[09:09] {nemo} damn sheep

[09:09] {Threei} dino :)

[09:10] {cosmo} ba ba nemo

[09:12] {magoo} what u watching vad?

[09:12] {nemo} coma

[09:12] {nemo} oops...sorry...that comes later

[09:14] {Threei} AXL

[09:14] {Threei} BAC

[09:14] {cosmo} PETM 20 test coming

[09:14] {Threei} don't have anything constructive yet

[09:20] {magoo} hurn too vad

[09:21] {Threei} yeah...

[09:27] {magoo} shld vad crushed

[09:27] {nemo} [09:09] {dino} shld blood

[09:31] {cosmo} PETM went stupid on me

[09:34] {Threei} Long Setup: BAC 17 break

[09:34] {Threei} if stays above 16.90

[09:35] {magoo} in

[09:35] {magoo} pretty g gopod pllbk hurn

[09:35] {Threei} Long Setup: AXL .65 if stays above .50

[09:36] {magoo} aig rtk

[09:38] {Threei} AIG another squeeze is on

[09:38] {magoo} big pllbk edap

[09:40] {dino} shld v sm l .00

[09:40] {Threei} Preview: Q2 US Mortgage Delinquencies due out at 10amET

[09:40] {Threei} **no estimate, prior quarter (Q1) was 9.12%

[09:42] {dino} s topped

[09:45] {Threei} AXL is reestablshed

[09:45] {Threei} risky one

[09:47] {Threei} let's modify it

[09:47] {Threei} .50 break if stays above .40

[09:47] {magoo} how much u looking for?

[09:51] {magoo} aig hits 30

[09:51] {nemo} wonder what the news is this time

[09:52] {magoo} ceo says will be avble pay bk govt tarp i heardr

[09:52] {nemo} huh?

[09:53] {Threei} BAC stop to .94

[09:54] {magoo} hurn losing

[09:55] {dino} last try shld sm .00

[10:00] {Threei} AUG PHILADELPHIA FED INDEX: 4.2 V -2.0E

[10:00] {Threei} *JULY LEADING INDICATORS: 0.6% V 0.7%E

[10:00] {dino} out shld .40, +1.40

[10:00] {Threei} *(US) Q2 MORTGAGE DELINQUENCIES: 9.24% V 9.12% PRIOR (Q1); highest reading on record

[10:01] {dino} toughb crrrooowwwwdddddd

[10:01] {nemo} whatsa' matter Dino?

[10:01] {larisa} nice dino :)

[10:01] {Threei} we lost our breath dino... envy, ya know

[10:02] {dino} ty larisa, you're the best

[10:02] {larisa} ty :)

[10:02] {nemo} oh, yeah, I was writing "are you strapped in" as your comment came across...thought you might be in for a rocket ride

[10:03] {dino} lol

[10:03] {nemo} RIMM broke nice out of 74.35

[10:09] {Threei} Long Setup: AIG .10 break half lot

[10:09] {Threei} if stays above .95

[10:10] {Threei} no worky

[10:11] {nemo} half lot good idea

[10:12] {Threei} IRBT Hearing awarded $35.3M order from US Army yesterday (11.47, +0.13, 1.15%)

[10:13] {fernp} HIG breaking hod

[10:17] {magoo} HURN read vad?

[10:18] {Threei} .50 break

[10:18] {magoo} AIG setts for next leg

[10:18] {Threei} yeah

[10:18] {Threei} that's what I had in mind with that .10 break

[10:19] {nemo} market shaking off the bad news today

[10:22] {magoo} it trades like a donkey vad..it takes critical levels and fails

[10:23] {dino} heeehaw

[10:24] {nemo} what Dino?

[10:24] {dino} donkey

[10:24] {nemo} as in?

[10:24] {Threei} lol

[10:24] {dino} magoo above (or another name for him)\

[10:25] {nemo} yeah...the analogy escapes me...what critical levels do donkey's reach and then fail?

[10:25] {cosmo} PETM hod = 20 fwiw

[10:28] {dino} lod 19.50

[10:28] {magoo} sigh..trying to teach u guys

[10:28] {dino} played it afterhours last night

[10:29] {nemo} huh? and huh?

[10:31] {magoo} 31 is coming RISKY

[10:31] {magoo} 32

[10:31] {nemo} what stock mags?

[10:32] {magoo} AIG

[10:32] {magoo} but its not easy

[10:32] {nemo} it's at 30.36, you think it's going to 32.00

[10:32] {magoo} 31

[10:32] {magoo} then 32 today

[10:32] {dino} don't get him started nemo

[10:33] {magoo} concur vad?

[10:33] {nemo} that was an earnest question

[10:33] {magoo} 31 soon

[10:33] {Threei} 31 yes

[10:33] {Threei} 32 - I'd havbe to reevaluate when we get there

[10:33] {nemo} I wasn't being my usual obnoxiously patronizing self

[10:33] {dino} 31 then 12 in month

[10:34] {magoo} i dont care about that

[10:34] {magoo} this is $$

[10:35] {magoo} out .93 TY vad

[10:35] {magoo} another point

[10:36] {Threei} here is 31

[10:36] {Threei} lol, BAC

[10:36] {fernp} and BAC 1:1

[10:36] {Threei} 1:1, half out

[10:36] {Threei} sat long enough for us to foreget qwe had it

[10:38] {magoo} 32 coming

[10:38] {Threei} yep...

[10:38] {Threei} mother of all squeezes

[10:39] {magoo} out here

[10:39] {magoo} another .80

[10:39] {Threei} wtg

[10:39] {magoo} 35 today...no shit

[10:42] {magoo} out again .82

[10:42] {magoo} 4 for 4 on it

[10:42] {Threei} good job

[10:42] {magoo} RISKY..gotta go change underwear

[10:42] {magoo} brb

[10:42] {Threei} things we learn here

[10:43] {magoo} [10:39] {magoo} 35 today...no shit

[10:43] {magoo} [10:39] {&

[10:43] {magoo} problem is it pullsbk hard....but WOW vad, last few days we have MOMOMOMOMOMOMOMOM

[10:44] {magoo} serious runners vad like ole days

[10:44] {Threei} well, with all the doom and gloom spread by wounded bears at the slightest hint of market pullback, no wonder

[10:47] {Threei} mesmerizing

[10:48] {Threei} and no news whatsoever

[10:49] {magoo} out .90 again

[10:49] {magoo} took cross 33

[10:49] {magoo} 34

[10:49] {magoo} now 35

[10:49] {magoo} moght have to revise my target :)

[10:50] {nemo} 40

[10:50] {magoo} 38

[10:50] {Threei} pullback time

[10:50] {Threei} hard one too

[10:52] {magoo} out .79 now

[10:52] {Threei} wow... for a minute T&S and Level 2 had some discrepancy

[10:52] {Threei} don't remember when I saw that on Laser

[10:52] {magoo} like 6 for 6 on it

[10:52] {magoo} GET AWAY HERE

[10:52] {magoo} losing power it feels

[10:53] {magoo} [10:39] {magoo} 35 today...no shit

[10:53] {Threei} when pullback comes it will be just as devastating for bulls as runup was/is for bears

[10:53] {nemo} volume has been dropping since 9:50

[10:53] {magoo} right vad, drop of 3 points

[10:54] {magoo} dont like it here long

[10:54] {magoo} pushing my luck

[10:54] {Threei} relax... you did great on it,

[10:54] {fernp} out HIG +.12

[10:54] {Threei} now let it rest a bit,

[10:54] {fernp} a bit faster than bac but not much more

[10:54] {Threei} then do this:

[10:54] {nemo} that's an understatement...ow...that hurt

[10:55] {Threei} when you feel it finished churning and shaking

[10:55] {Threei} and ready to resume

[10:55] {nemo} Hey Dino, Mags buying drinks tonight

[10:55] {Threei} skip first play you see,

[10:55] {Threei} it's most likely false attempt,

[10:55] {Threei} take second but with half shares

[10:55] {magoo} thanx..thats good advice

[10:55] {Threei} and trade it as you see fit with half of what you did in these 6 plays

[10:55] {magoo} cant win everyone

[10:56] {Threei} one biggest mistake you can make now is:

[10:56] {magoo} really got lucky

[10:56] {Threei} take the play, see it going against you, double down

[10:56] {Threei} this is what can destroy your winnings

[10:56] {magoo} yea..triple down..blow all stops lose like 5k OUCH

[10:56] {Threei} yup

[10:56] {Threei} happens to many after such winning streak,

[10:57] {Threei} caused by feeling that you know this stock now,

[10:57] {magoo} unfortunately...ive experienced that scenario

[10:57] {Threei} own it

[10:57] {Threei} can't lose on it

[10:57] {Threei} No stock is ever your friend

[10:57] {Threei} nor enemy for that matter

[10:57] {nemo} damn rimm C&H

[10:57] {Threei} they have no idea you exist

[10:59] {magoo} ive left following rimm last 3 sessions..ive been way off on it..

[10:59] {nemo} it's holding with q pullback

[11:00] {Threei} US Treasury to sell $42B 2-year notes, $39B 5-year notes, and $29B in 7-year notes

[11:06] {Threei} AIG pace picks up again

[11:13] {_phreeboy} what would you say AIG would have to hold to continue up?

[11:14] {cosmo} PETM test ....again

[11:14] {magoo} its not that kind of stok

[11:14] {Threei} I don't think there are technicals to AIG

[11:14] {magoo} it could easily red bar down to 31

[11:14] {nemo} volume has disappeare

[11:14] {Threei} it's a momo runner

[11:14] {Threei} they live in parallel universe

[11:19] {Threei} US CFTC and UK's FSA to enhance regulatory cooperation for oversight of energy futures markets

[11:19] {Threei} - the agencies will share regulations and disciplinary notices to increase cross border monitoring of oil markets

[11:21] {Threei} laugh all you want but BAC is coming on 1:2

[11:23] {fernp} I sold my BACs some centuries ago :)

[11:23] {Threei} I sold half

[11:23] {fernp} I know

[11:24] {Threei} here goes AIG murdering those who overstayed their welcome

[11:35] {cosmo} PETM test ....20 gonna melt at some point....

[11:39] {cosmo} people gotta feed their pets, ya know...

[11:44] {Threei} or not

[11:45] {cosmo} a big decision for us all

[11:45] {cosmo} the day is young

[11:45] {nemo} fas triang

[11:45] {nemo} trying

[11:46] {cosmo} time to walk the dogs

[11:55] {nemo} fas succeeded

[12:01] {Threei} hmmm

[12:01] {Threei} ese may have been hiding something from us

[12:01] {Threei} [ESE] Announces Contract Award for Its Thermoforming Business

[12:02] {Threei} and we thought he was a drummer?

[12:08] {nemo} http://www.marketwatch.com/story/aig-jumps-as-new-benmosche-strategy-fuels-hope-2009-08-20?siteid=rss&rss=1

[12:12] {wulff} HURN seems down for the count

[12:14] {Threei} yeah, watching it

[12:14] {Threei} was downgraded just now

[12:14] {wulff} carried it overnight, but out earlier

[12:15] {Threei} by no-name firm

[12:15] {wulff} the three shmoes

[12:16] {Threei} two

[12:16] {Threei} HURN Update: Shares cut to Neutral from Outperform at a boutique firm (Boenning & Scattergood) (19.48, +0.05, 0.26%)

[12:16] {Threei} Boenning & Scattergood count for two shmoes, right?

[12:16] {wulff} were they not cut pretty badly already?

[12:17] {Threei} well... there is always "more down"...

[12:23] {magoo} IGK crusheed vad

[12:24] {magoo} WOW

[12:24] {Threei} way too thin

[12:24] {magoo} someone KICXK VAD

[12:25] {Threei} why would you want to do that

[12:37] {dino} news igk?

[12:37] {Threei} the symbol is not in my newsfeed

[12:38] {Threei} can't find out

[12:39] {dino} nothing on yahoo

[12:43] {nemo} how's the coma vad?

[12:44] {nemo} that good...

[12:45] {nemo} fas testing top of range

[12:45] {Threei} sigh

[12:46] {dino} aef?

[12:47] {dino} had a nice nap

[12:49] {dino} aef dropping fast

[12:50] {nemo} you short it?

[12:50] {dino} no want long at .20

[12:51] {dino} not going to get there tho

[12:54] {magoo} vad AIG trying it seems

[12:55] {dino} aef sm l .83

[12:55] {nemo} indexes and fas pulling back

[12:59] {Threei} yes mags... but it's absolute 50/50

[13:03] {dino} stopped aef

[13:05] {Threei} you do know who is on TV, right?

[13:07] {nemo} Schwarzenegger

[13:08] {Threei} you wish

[13:08] {nemo} nah, not really

[13:13] {nemo} aig going fro 32

[13:13] {nemo} wow

[13:13] {nemo} got whiplash on that one

[13:14] {Threei} (US) President Obama: Affirms position on public health insurance option is 'unchanged,' calls option "a good idea, but not the only aspect of reform" - radio interview

[13:14] {Threei} - Reminder: Back on 8/17 White House Press Sec Gibbs said Obama prefers government health-insurance option. Over the weekend that the Obama administration signaled that it was ready to abandon the idea of giving Americans the option of government-run insurance as part of a new health care system.

[13:27] {nemo} if aig doesn't stop @ 32.05 could be another good drop

[13:34] {fernp} HIG double bottom?

[13:35] {Threei} can't tell...

[13:36] {nemo} Hig's riding the 200 period moving average right now

[13:41] {nemo} aig dropped to r3

[14:01] {dino} aef rinsed

[14:03] {nemo} gotta' go... c u 2 maw row

[14:04] {fernp} bye nemo

[14:05] {Threei} take care nemo

[14:13] {magoo} vad AIG trying

[14:34] {_phreeboy} from this point what are the chances of AIG going long (own it and considering holding overnight)?

[14:35] {Threei} 50/50

[14:35] {Threei} total gambling

[14:35] {Threei} this thing can open at 40 and at 15 tomorrow with the same odds amd easiness

[14:36] {Threei} feel like in casino?

[14:37] {Threei} SBUX WSJ: Company to begin charging approx $0.25 more for certain drinks, less for others; effective Thursday in certain cities

[14:37] {Threei} - Customers to pay more for larger and complex drinks; less for smaller and more basic drinks

[14:37] {_phreeboy} better odds at craps with right hedge bets

[14:37] {Threei} there you go

[14:37] {Threei} I can't imagine why you would want to take it overnight - other than pure gambling

[14:38] {Threei} volatility is extreme, gaps can be huge

[14:38] {Threei} trading is about risk control

[14:38] {Threei} and you give up any resemblense of it by taking home such monster

[14:41] {Threei} how's this for volatility?

[14:43] {_phreeboy} do you use trend lines?

[14:43] {Threei} yes

[14:45] {fernp} BAC bounce?

[14:45] {Threei} I doubt it

[14:45] {Threei} gotta give them more room to fall before bounces become likely

[14:46] {Threei} this is that interim stage, you know...

[14:46] {Threei} when each leg down seems to be good enough for bounce

[14:46] {fernp} yes only five cents drop

[14:46] {Threei} but in reality leads to endless stops

[14:46] {Threei} jump in too early a few times,

[14:46] {Threei} and those stops however well controlled, eliminate all you made before

[14:49] {fernp} agree

[14:50] {fernp} Unfortunately, I have experienced many times what you're saying

[14:50] {dino} igk

[14:51] {dino} sm l .51 wide, gappy

[15:08] {Threei} US) US House Speaker Pelosi: Cannot pass a bill in the House that is lacking a public option

[15:08] {Threei} - Note: Pelosi in the past has noted that a public option has strong support

[15:16] {Threei} breakout or fizzle out?

[15:17] {Threei} you gotta give it to the market... what a perfection in finding the way to frustrate those who follow "normal" logic

[15:17] {Threei} who didn't "know for sure" the uptrend has ended

[15:44] {fernp} have a nice evening. see u tomorrow

[15:44] {Threei} take care fern

[15:56] {Threei} AIG dump on the close

[15:56] {Threei} doesn't really mean much

[15:56] {Threei} cxan be justr prfit taking

[15:56] {wulff} Tried to grab a RIMM long here but not in the mood

[15:56] {Threei} only better typed

[15:56] {wulff} teh stock that is

[15:56] {wulff} the

[15:56] {Threei} too close to close

[15:57] {wulff} entered the 3:30 run

[15:57] {Threei} okay guys... August is almost over

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening

[15:57] {larisa} see you :)

[15:57] {Threei} see you tomorrow

[15:58] {wulff} LAter all

[16:01] {magoo} ty vad everyone

Aug 19 2009

Nice even though boring (what else is new) day. HURN, CAT, RTK, AIG scalps and nice long trade on AXL. With all the traditional August inactivity, we are fairly consistent - in both profits and boredom for hours while market is locked in a tight range.

Session Time: Wed Aug 19 00:00:00 2009

[08:34] {Threei} Yale Economist Shiller: forecast calls for house prices to increase 4% over next 5 years; economy will be more predictable

[08:34] {Threei} and may be subject to another housing bubble - CNBC

[08:59] {fernp} good morning everybody

[08:59] {larisa} gm :)

[09:00] {Threei} fern, larisa :)

[09:01] {dino} gm all

[09:01] {Threei} dino :)

[09:03] {cosmo} cers

[09:03] {cosmo} 2.45 pre mkt high fwiw

[09:03] {Threei} 8:30:14 AM

[09:03] {Threei} Cerus Corporation INTERCEPT blood system for platelets approved in Switzerland

[09:03] {Threei} - The approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.

[09:03] {Threei} - The regulatory review process by Swissmedic is similar to the regulatory processes in France (Afssaps) and Germany (Paul Ehrlich Institute), in which INTERCEPT-treated blood components have been approved as a biologic for patient use.

[09:15] {magoo} morning

[09:16] {Threei} magoo :)

[09:18] {dptl} good morning

[09:22] {Threei} dp :)

[09:28] {Threei} no clear caandidates so far

[09:29] {Threei} will wait for a scanner to spit out something worthy

[09:29] {magoo} maybe HURN AXL shorts..come a long way

[09:29] {magoo} AA crushed

[09:30] {nemo} cat

[09:32] {cosmo} CERS: 2.45 pre mkt high fwiw

[09:32] {Threei} AXL non-stop

[09:33] {Threei} AXL Hearing PT raised to $12 from $9, reiterated at Strong Buy at Buckingham (timing uncertain) (6.08, +0.38, 6.67%)

[09:34] {Threei} Long Setup: HURN .50-

[09:34] {Threei} late... see if pulls back

[09:34] {nemo} cat bolted

[09:36] {Threei} if caught HURN on pullback to .51, feel free to exit here

[09:38] {Threei} XOMA Hearing strength attributed to postive mention on thestreet.com (0.92, +0.11, 14.15%)

[09:40] {Threei} Short Setup: AXL .15 half lot

[09:40] {Threei} if stays below .25

[09:43] {wulff} +.65 FAS

[09:43] {Threei} Long Setup: CAT half lot .05

[09:44] {nemo} things moving fast this morning

[09:44] {Threei} take scalp here

[09:44] {magoo} out here CAT

[09:45] {magoo} .33 TY

[09:45] {Threei} Long Setup: AXL .40 half lot

[09:45] {Threei} if stays above .25

[09:46] {magoo} in

[09:47] {Threei} not a scalp for me if works

[09:48] {nemo} axl?

[09:48] {magoo} feels 7

[09:48] {Threei} 1:1

[09:48] {fernp} out TY

[09:49] {Threei} nemo... what else could the comment be about?? :)

[09:49] {Threei} fern :)

[09:49] {magoo} out .51

[09:49] {nemo} just making sure, sorry too many accounting classes

[09:49] {magoo} TY will reload prob

[09:49] {Threei} half out .62

[09:49] {Threei} offering second half .80

[09:50] {Threei} direct hit

[09:52] {nemo} getting dizzy watching L2 on axl

[09:53] {Threei} that's what momo looks like

[09:53] {Threei} remember my comments a few days ago on recognizing momentum trades?

[09:53] {nemo} kinda'

[09:53] {Threei} what gave a clue to "not a scalp"

[09:54] {nemo} bid side imbalance and speed of transactions

[09:54] {Threei} when they trade like this, you won't even be able to spot that imbalance

[10:08] {BillyD} .

[10:08] {magoo} ..

[10:09] {fernp} ...

[10:16] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:16] {Threei} **consensus expectations:

[10:16] {Threei} Crude: +1.2Me

[10:16] {Threei} Gasoline: -1.7Me

[10:16] {Threei} Distillate: +400Ke

[10:23] {magoo} read on AXL HURN vad?

[10:23] {Threei} Long Setup: RTK .75 if stays above .65

[10:27] {Threei} if works, not a scalp for me

[10:28] {magoo} in

[10:29] {magoo} out .84 TY in .70 aggress

[10:29] {Threei} HURN explosion

[10:29] {magoo} may reload

[10:29] {magoo} [10:23] {magoo} read on AXL HURN vad?

[10:29] {fernp} out here TY Vad

[10:30] {Threei} 1:1, half out

[10:30] {Threei} DOE CRUDE:-8.4M V +1.2ME; GASOLINE: -2.2M V -1.7ME

[10:30] {Threei} DISTILLATE: -650K V +400KE; CAPACITY UTILIZATION: 84% V 83.7%

[10:31] {Threei} mags... if I had any you'd hear it

[10:39] {BillyD} CERS animal

[10:40] {Threei} wanted 3 break, chart was fair... couldn't bring myself to call it

[10:40] {BillyD} I took it for scalp

[10:40] {Threei} thin stock, if doesn't work - loss won't be controllable

[10:41] {BillyD} yeah, can smack you for double stop pretty quick

[10:42] {BillyD} you still in RTK

[10:42] {Threei} half with stop under b/e

[11:08] {Threei} yawn

[11:08] {Threei} even spam e-mails flow slowed down to a crawl

[11:09] {patience} cruise ship discount emails increasing

[11:26] {Threei} tje day SIRI starts moving, you know traders start scrapping the bottom of the barrel {G}

[11:27] {Threei} and QTWW

[11:27] {Threei} lol

[11:29] {magoo} HEY..i just took them lol

[11:33] {Threei} sigh

[11:40] {dino} .

[11:43] {Threei} I can see your point

[11:44] {Threei} I don't necessary agree with it but I see it

[11:45] {magoo} AXL trying vad

[11:46] {Threei} yes... spike off .50 was not something I could read at the time

[11:46] {Threei} it all but lost volume at the moment,

[11:46] {magoo} i just bringing it to your attention:)

[11:46] {Threei} could go easily either way

[11:46] {magoo} in case yoiu are comatose

[11:47] {Threei} yeah, I am trying to discern the pattern

[11:47] {Threei} to be ready if it repeats itself

[11:47] {Threei} hmmm

[11:47] {Threei} now you confuse me

[11:47] {Threei} what does my being comatose have o do with my trading?

[11:47] {Threei} how did it ever prevent me from calling trades?

[11:49] {Threei} really... next thing I know you guys start demanding that I trade sober...

[11:56] {Threei} Long Setup: AXL 7 if stays above 6.90

[12:00] {Threei} Long Setup: HURN 20 half lot

[12:00] {Threei} if stays above .85

[12:01] {Threei} EDAP Receives U.S. FDA 510(k) Approval for Sonolith I-Sys (1.64, +0.27, 19.71%)

[12:01] {Threei} Sonolith I-Sys is a novel, robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest lithotripsy markets in the world. The integrated lithotripter utilizes EDAP''s unique and patented electroconductive technology, an advanced shockwave approach differentiated by its superior ability to successfully disintegrate urinary stones in association with combined x-ray or ultrasound systems.

[12:01] {Threei} - The Sonolith I-Sys received CE mark approval in July 2007 and was launched in the E.U. in late 2007

[12:04] {fernp} HIG breakout

[12:04] {Threei} why not

[12:09] {fernp} out here

[12:09] {Threei} :)

[12:10] {fernp} lunch time. you know...

[12:10] {Threei} sheesh

[12:10] {Threei} why oh why didn't I notice AIG break of 25

[12:11] {Threei} that was chart to die for

[12:11] {larisa} agree :)

[12:11] {fernp} nice JBE

[12:12] {Threei} 15 cents consolidation range

[12:12] {Threei} {--- crying bitterly

[12:12] {Threei} pass me a tissue someone

[12:12] {larisa} use your fingers

[12:31] {Threei} US) House Energy and Commerce Committee has requested information from health insurance companies, including info on executive compensation

[12:31] {Threei} - Committee has reportedly sent letters to "dozens of insurers," including Aetna, Cigna, Humana, United Health and Wellpoint.

[12:31] {Threei} - In its letter to United Health, the committee asked for information on executive compensation, revenues and expenses, to be delivered by Sept 14th at the latest.

[12:32] {Threei} I can't believe this

[12:32] {nemo} Oh boy, here we go

[12:32] {nemo} 200 rubles a month

[12:32] {BillyD} that is pushing it

[12:32] {nemo} Da

[12:33] {Threei} larisa

[12:33] {Threei} why did we ever bother to immigrate?

[12:33] {nemo} mafia

[12:34] {Threei} communism is the same on any side of the ocean

[12:34] {nemo} yeah, but the likelihood of getting shot in Vancouver is significantly lower

[12:35] {Threei} you'd think so

[12:35] {Threei} Vancouver Shooting Spree: 8 Shot, At Least 2 Dead

[12:35] {Threei} Suspects at large in Vancouver shooting spree

[12:35] {nemo} no kidding?

[12:36] {Threei} n one of the worst acts of violence to ever hit Vancouver, two people were killed and six injured in a brazen early-morning shooting spree ...

[12:36] {Threei} Vancouver residents rocked by continuing shooting spree

[12:36] {Threei} Early-morning attack continues Vancouver shooting spree

[12:36] {Threei} Victim rushed to hospital; marks 32nd incident in city since January.

[12:36] {nemo} fcx vad

[12:36] {Threei} enough?

[12:36] {nemo} wow

[12:36] {nemo} yeah

[12:37] {Threei} I suspect dp....

[12:37] {dptl} ....nah...i am to old for that now...

[12:38] {nemo} what, arthritis in the trigger finger?

[12:38] {Threei} lol

[12:38] {dptl} lol

[12:38] {Threei} never thought I'd say that but here goes:

[12:38] {Threei} good one nemo

[12:38] {nemo} hurt, didn't it...

[12:38] {Threei} yes

[12:38] {Threei} but I work through the pain

[12:39] {nemo} tough being you, huh?

[12:39] {Threei} not if like good coma

[12:39] {nemo} Vad...super trader....women love him...men look up to him...sheep fear him

[12:40] {Threei} I am afraid to ask

[12:40] {nemo} yeah...that was over the top...sorry

[12:40] {nemo} Mags...

[12:40] {dino} lol

[12:40] {dino} he stepped out

[12:40] {nemo} oh...have to do it myself

06[12:40] * nemo slaps nemo around a bit with a large trout

[12:41] {Threei} but now I have a suspicion about who made the sheep joke during nasau seminar, when I showed sheep image to illustrate the concept of a stock following the market

[12:41] {nemo} nope, wasn't me...think it was grasshopper

[12:41] {Threei} nope, male voice

[12:42] {nemo} have no eye deer

[12:43] {Threei} lol, nice one from the e-mail:

[12:43] {Threei} I'd rather be out of a market wishing I was in,

[12:43] {Threei} then in a market wishing I was out.

[12:50] {Threei} AIG non-stop

[12:57] {Threei} magoo

[12:57] {Threei} you here?

[12:58] {Threei} sigh... have to do everything myself...

06[12:58] * Threei slaps laserdave around a bit with a large greeting sign

[12:59] {nemo} In honor of woodstock...

06[12:59] * nemo slaps laserdave around a bit with a large cast iron peace sign

[12:59] {nemo} 40th anniversary ya' know

[13:13] {magoo} back..dino made me do lunch run

[13:15] {magoo} we only live 40 minutes from wdstk

[13:15] {dino} cisg l .50

[13:21] {magoo} what we in vad..was out an hour

[13:21] {nemo} coma

[13:22] {nemo} I feel like Pavlov's dog

[13:22] {Threei} looking at AIG for bounce scalp

[13:22] {nemo} RIMM

[13:30] {nemo} I thought the market was supposed to keel over like the rest of the markets around the world today...sheesh

[13:30] {Threei} since when do we follow the world, and not the other way around

[13:30] {dino} maybe so nemo, maybe so not

[13:31] {nemo} I thought you were a canuck

[13:31] {nemo} I know, I'm just bored and today another example of the market doing what is least expected

[13:31] {dino} it's a good day to die.....

[13:31] {nemo} every day should be

[13:31] {dino} and the day's not over yet

[13:32] {nemo} nope

[13:39] {Threei} US) More than 200 New York auto dealers have withdrawn from "cash for clunkers" program - CNBC

[13:39] {Threei} - cite reimbursement delays

[13:41] {Threei} RMBS

[13:41] {Threei} chatter about settlement with NVDA'

[13:43] {nemo} so...is aig a dbi or a jbe?

[13:43] {Threei} neither

[13:44] {nemo} I figured you'd say that

[13:45] {magoo} what the hell is a dbi or jbe ??

[13:46] {nemo} oy

[13:46] {Threei} it's a creation of nemo's delirious state of mind

[13:46] {nemo} who's mind?

[13:47] {Threei} RMBS's happy

[13:47] {nemo} ahem

[13:47] {nemo} Jump-base-explosion (JBE) setups, 124, 125-128 practical examples of, 154-157, 201-205, 221-222

[13:48] {nemo} shall I continue?

[13:49] {nemo} Drop-base-implosion (DBI)setups, 124, 129 practical examples of, 167-170, 193-195, 198-200, 206-208, 214-216, 241-243

[13:49] {nemo} Guess where I got those?

[13:50] {Threei} Winnie The Pooh?

[13:50] {Threei} no wait

[13:50] {Threei} I know this one

[13:50] {Threei} Alice in Wonderland

[13:50] {nemo} Funny you should bring that up

[13:51] {nemo} Samuel Langhorn Clemens, before he died, buried a time capsule in which he said, when opened, would reveal a literary coup that would take the world by surprise.

[13:52] {nemo} In the first Edition of Alice In Wonderland, there was a title page illustration that did not appear in further editions

[13:53] {nemo} On the edge of the illustration were the initials "SLC" and as we know, Mock Turtle shares the same initials as his nome de plume, "Mark Twain"

[13:53] {nemo} We also know that Lewis Carrol was a friend of Clemens, and was a mathematician not known for his creative side

[13:54] {nemo} So...we shall see...but I digress...so where did I get those citations, VAD?????

[13:56] {nemo} O.K. fine... "Techniques of Tape Reading" by Graifer & Schumacher

[14:02] {fernp} enough for me. see you all tomorrow. have a nice evening

[14:07] {Threei} take care fern

[14:09] {nemo} RIMM testing HOD

[14:14] {nemo} aig decided to pop

[14:35] {nemo} spy and qs look like they might be ready to test support

[14:51] {dptl} ok....have a good evening all

[14:51] {Threei} take care dp

[15:07] {nemo} you o.k. Vad?

[15:07] {Threei} hmm?

[15:07] {nemo} thought I heard your chin hit the desk

[15:07] {Threei} nope, wasn't me

[15:08] {Threei} pillow's in place, so....

[15:08] {nemo} must have been Mag's head going through the reinforced concrete floor

[15:09] {Threei} could have... after all this years he still doesn't get the joke 'don't startle ostriches, the floor is concrete"...

[15:10] {nemo} hehehehe...having said that, when I lived in South Carolina, they made me where a helmet when I rode my motorcycle (even though it's a helmet optional state). They were afraid if I fell off my bike and landed on my head, I might damage the street.

[15:10] {magoo} EDAP nuts

[15:10] {Threei} yeah

[15:30] {Threei} AIG

[15:30] {Threei} feels like next wave up starts

[15:31] {nemo} how many shares you get mags?

[15:32] {nemo} .76 is 200 period moving average

[15:34] {magoo} of what?

[15:34] {nemo} aig

[15:34] {nemo} when Vad said it looked up

[15:34] {magoo} non..is it a call?

[15:34] {magoo} i scalped EDAP

[15:34] {nemo} no, but that doesn't necessarily stop you

[15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol

[15:35] {patience} .

[15:36] {Threei} who told you that mags

[15:36] {Threei} I do just fine sleeping through them

[15:37] {magoo} yahoo chat board

[15:37] {Threei} C TARP inspector to reportedly inspect Citigrou's asset guaranteees over taxpayer losses on approx $300B pool

[15:40] {Threei} Long Setup: AIG .75 if stays above .60

[15:40] {magoo} full?

[15:41] {nemo} 20 minutes left, this should be fun

[15:41] {Threei} yeah

06[15:41] * nemo puts the hemmarhoid pillow under his butt

06[15:41] * nemo straps on the seat belt

[15:44] {Threei} come on AIG, while we are young

[15:44] {nemo} Vad, we're not young

[15:44] {Threei} ok

[15:44] {Threei} come on AIG, while we are alive

[15:45] {magoo} odds?

[15:45] {Threei} shrug

[15:45] {Threei} 50.0000001

[15:45] {magoo} is one shoulder higher than other?

[15:45] {nemo} market's looking indecisive

[15:46] {Threei} modification for impatient:

[15:47] {Threei} Long Setup: AIG .70 break if stays above .60

[15:47] {magoo} oh no

[15:47] {Threei} less odds, smaller stop

06[15:52] * Threei kicks AIG in the rear

[15:53] {nemo} just don't make it do a faceplant

[15:55] {Threei} 1:1

[15:56] {Threei} [15:35] {magoo} yea..but vad doesnt do well in the afternmoon lol {---- I demand an apology

[15:56] {Threei} severe umbrage here

[15:57] {magoo} dammit.grrrrrrrr, i apoliticize

[15:57] {Threei} you what?

[15:57] {nemo} he spells like you

[15:57] {magoo} what u said

[15:57] {nemo} severe umbrage here

[15:58] {Threei} last minutes scalp... how cool iss that, to rub it in for fern and Billy tomorrow

[15:59] {Threei} and dp

[15:59] {Threei} thank you all, have a good evening

[15:59] {larisa} bye all

[15:59] {Threei} see you tomorrow

[15:59] {nemo} wow, nice exit Vad

[15:59] {Threei} last minutes,,, why would I stay in

[15:59] {dino} out cisg .46 -.04

[15:59] {Threei} no sluightest intention to carry overnight

[16:00] {nemo} walk off home run

Aug 18 2009

To call this day slow would be an insult to turtles - they sure are faster. Couple scalps, couple ridiculously small stops and a whole lot of yawning.

Session Time: Tue Aug 18 00:00:00 2009

[09:00] {fernp} good morning everybody

[09:00] {Threei} good morning

[09:00] {BillyD} hi fern, Vad

[09:01] {fernp} morning Billy

[09:01] {magoo} morning

[09:02] {Threei} billy, magoo :)

[09:02] {nemo} gentleman :)

[09:02] {nemo} men :)

[09:02] {larisa} gm :)

[09:03] {nemo} Lari!!!!

[09:03] {Threei} nemo, larisa :)

[09:03] {nemo} market bouncing a bit on Target report

[09:03] {larisa} :)

[09:03] {magoo} hurn..sheesh..

[09:04] {larisa} wow

[09:04] {cosmo} 18.22 high so far

[09:04] {cosmo} hurn

[09:04] {magoo} is there news

[09:04] {BillyD} earnings magoo

[09:05] {cosmo} Announces Second Quarter 2009 Financial Results and Filing of Second Quarter Form 10-Q; Company Completes Restatement For Fiscal Years 2006, 2007 and 2008 and Q1 2009Business Wire(Mon 7:00pm)

[09:05] {BillyD} and a CC tomorrow

[09:05] {Threei} Monday, August 17, 2009 4:52:50 PM

[09:05] {Threei} Huron Consulting Group Files to restate Q1 EPS at $0.36 v $0.51 initially reported; CEO and CFO replaced

[09:05] {Threei} - Comments: senior management did not properly take into account the impact of the selling shareholders redistribution of the acquisition-related payments when determining the appropriate accounting treatment. In some cases, senior management was unaware of the redistributions. In other cases, senior management was aware of the redistributions but either misunderstood or misapplied the appropriate accounting guidance. As a result, the facts and circumstances surrounding the Shareholder Payments and Employee Payments were not fully described in representation letters previously provided to our independent auditors.

[09:05] {magoo} its avail short laser, but hey..might keep going

[09:06] {Threei} Monday, August 17, 2009 7:01:06 PM

[09:06] {Threei} Huron Consulting Group Reports Q2 $0.84 v $0.46e (not clear if comparable), R$166M v $173Me

[09:06] {Threei} - Q2 GAAP EPS $0.47 v $0.06 y/y

[09:06] {Threei} - Reaffirms FY09 sales forecast $650-680M v $690Me

[09:06] {Threei} - Q2 average number of full-time billable consultants +23% y/y

[09:06] {Threei} - Q2 Full-time billable consultant utilization rate was 69.6% v 66.8% y/y

[09:06] {Threei} - Q2 The average number of full-time equivalent professionals 854 v 863 y/y

[09:06] {Threei} - Q2 Average billing rate per hour $264 v $273 y/y

[09:07] {Threei} PALM Exec: Expecting to initiate the developer program in the US by the fall months (13.23, 0.00, 0.00%) (related AAPL )

[09:10] {cosmo} HURN tests 18 resistance

[09:10] {cosmo} hmmm ...careful...

[09:12] {magoo} it was 44 one month ago

[09:14] {cosmo} gee ...pretty good for pre mkt

[09:18] {patel} good morning

[09:18] {Threei} patel :)

[09:21] {dptl} good morning

[09:21] {Threei} dp :)

[09:25] {dino} gm all

[09:25] {Threei} dino :)

[09:26] {dino} hurn strange, sales est. look light

[09:27] {dino} turnaround tues.

[09:27] {nemo} having said that, if the stock was double the level a month ago, how does it look?

[09:27] {Threei} PIMCO's El-Erian: US stock rally has "hit a wall," reiterates valuations are ahead of fundamentals - TV interview

[09:27] {Threei} - PIMCO has been a "net seller" of mortgage debt over the last few weeks.

[09:27] {Threei} - Comments that PIMCO did participate in last week's 30 year treasury auction

[09:27] {Threei} - Trimmed risk in portfolio as the 'risk rally' has moved too far

[09:28] {Threei} someone's short I susp[ect

[09:28] {cosmo} hurn should hold 18 imho

[09:32] {nemo} It's 9:32, shouldn't we have 3 or 4 trades by now? :)

06[09:33] * nemo slaps nemo around a bit with a large trout

[09:33] {cosmo} we missed them i think

[09:33] {Threei} careful... you already expressed a wisdh yesterday... and it cam true

[09:34] {cosmo} GERN

[09:34] {cosmo} ...might heal

[09:35] {Threei} Long Setup: BAC .83

[09:35] {Threei} if stays above .75

[09:35] {magoo} in

[09:36] {fernp} in

[09:36] {patel} in

[09:36] {nemo} weird, I didn't get a fill

[09:38] {Threei} Long Setup: WFC .56

[09:38] {Threei} if stays above .50

[09:41] {Threei} BAC was 1 cent shy of 1:1, let's trail to under .80

[09:41] {Threei} don't want to get caught in market drop

[09:41] {Threei} out

[09:41] {patel} out

[09:41] {fernp} out

[09:43] {wulff} cat

[09:43] {Threei} just looked at it too

[09:43] {Threei} .80 break is tempting

[09:43] {Threei} let's see if it gives us nice tight support for a stop placement

[09:44] {nemo} cat looking short to me...I'm so pessimistic

[09:45] {nemo} .64 is R1 for cat

[09:47] {Threei} BAC stays intetestingly storng

[09:48] {nemo} looks like fas

[09:49] {Threei} let's try for double bottom?

[09:49] {Threei} .81

[09:49] {Threei} with stop under .75

[09:51] {magoo} HURN doing it

[09:53] {nemo} cat crash fever..nah nah nah

[09:53] {nemo} heat is getting to me

[09:54] {magoo} AXL

[09:55] {magoo} dam AXL was looking long .20 break

[09:55] {magoo} missed

[09:59] {dino} .

[09:59] {dino} any trouble w/room access? magoo can't get in

[10:00] {Threei} [09:57] * magoo_ was kicked by ChanServ

[10:00] {Threei} wrong nick

[10:00] {nemo} maybe if he goes to church and confesses his sins

[10:00] {magoo} HEY

[10:00] {Threei} HURN is doing it

[10:01] {wulff} I got shaken out

[10:01] {dino} sm l ctrp .25

[10:03] {Threei} BAC 1:1

[10:03] {fernp} out here TY

[10:03] {BillyD} same here

[10:03] {BillyD} ty

[10:03] {patel} ty

[10:05] {wulff} OK, back in .05

[10:05] {Threei} HURN?

[10:06] {wulff} yes

[10:09] {Threei} RIMM is trying to form C&H

[10:09] {magoo} AXL over 5

[10:09] {Threei} Long Setup: RIMM 73 if holding .80

[10:11] {magoo} out .18 TY VAD RIMM

[10:11] {Threei} :)

[10:11] {magoo} fast

[10:11] {tomg} me too, ty vad

[10:11] {Threei} welcome guys

[10:11] {Threei} easy money

[10:11] {magoo} was out before could right "in"

[10:11] {patel} nice job vad

[10:17] {Threei} not much volatility from the get-go

[10:20] {Threei} for the first 45 minutes NQ is locked within 10 points

[10:21] {magoo} but man..HURN and AXL crzazy

[10:22] {dino} jhx

[10:33] {dino} cstr sm l .50

[10:35] {dptl} ah...gotta to go.........see ya guys tomorrow or even monday...

[10:36] {nemo} put the pillow on the keyboard yet Vad?

[10:37] {fernp} bye dp

[10:39] {Threei} take care dp

[10:47] {dino} ctrp to .67

[10:48] {dino} out .67 ctrp, +.42

[10:50] {Threei} 90% of US bills carry traces of cocaine

[10:50] {BillyD} wow

[10:50] {nemo} old story

[10:51] {Threei} I guess now we know why people crave money so much

[10:51] {nemo} It was a higher percentage in the 80's :)

[10:54] {nemo} nice timing Dino

[10:56] {dino} ty

[10:56] {dino} sm l cisg .25

[11:00] {magoo} we in anything boss?

[11:01] {nemo} coma

[11:01] {Threei} you know...

[11:06] {dino} cstr stopped .18, -.32

[11:08] {dino} hgsi spike

[11:10] {magoo} BAC 17

[11:11] {Threei} HGSI DSG Comments that HGSI's Benylst lupus drug met primary end point in Bliss-52; through usage of its EDC technology

[11:11] {Threei} - Reminder on 7/20: HGSI: In a Phase III study, BENLYSTA met the primary endpoint in patients with s... (15.82, +0.56, 3.67%) more...

[11:12] {dino} cavm

[11:16] {dino} petd l .99

[11:24] {nemo} gotta' go c u 2 maw row

[11:25] {fernp} bye nemo

[11:25] {Threei} take care nemo

[11:26] {dino} cya nemo

[11:36] {Threei} deep freeze in the middle of the polar winter right in the center of permafrost

[11:36] {Threei} looking at T&S on NQ, I can't believe the pace

[11:36] {Threei} never saw it this slow

[11:36] {Threei} one print of 1 or 2 contracts every couple seconds

[11:40] {dino} one pint woud be better

[11:40] {Threei} gulp

[11:41] {Threei} yup... you are right... it IS better

[11:54] {Threei} what do we have, 2 for 3 and one invalidated?

[11:54] {Threei} booooring

[12:00] {magoo} vad give mwe a read AXL HURN palease

[12:01] {Threei} don't have any...

[12:02] {magoo} i said please

[12:03] {magoo} heres my read..i gerts high it rams up

[12:03] {Threei} want me to add sorry to match your uncharacteristic politeness?

[12:03] {magoo} .50 gets .90 area

[12:03] {magoo} axl

[12:09] {Threei} nice

[12:09] {magoo} A

[12:09] {magoo} X

[12:09] {magoo} L

[12:32] {dino} out petd .06, +.07 size

[12:38] {BillyD} LVS looks appealing 13 break with mkt help

[12:38] {Threei} quite

[12:42] {Threei} BAC .05 break too

[12:42] {BillyD} was noticing that

[12:43] {Threei} let's try it?

[12:43] {Threei} Long Setup: BAC .05 last shares

[12:43] {BillyD} yes

[12:44] {Threei} stop under 17 for hard core scalpers, under .95 for day traders

[12:45] {magoo} in

[12:45] {fernp} too late for me. have to go. see u all tomorrow.

[12:45] {Threei} take care fern

[12:45] {Threei} we will make sure to tease you tomorrow if BAC goes to 25

[12:46] {fernp} I'll read the log tonght

[12:46] {fernp} see you

[12:46] {Threei} :)

[12:50] {dino} cya fern

[12:53] {dino} strange, oih, uso up big, oil co. not really participating

[12:53] {dino} cisg stop to .58

[12:55] {dino} out cisg .55, +.30 slipped

[13:00] {Threei} wtg

[13:01] {patel} BAC doesnt want to go

[13:02] {Threei} doesn't want to drop either

[13:02] {patel} yup

[13:02] {patel} i guess it iwll going to hold on until after lunchtime buying comes back

[13:02] {Threei} don't overthink it... 6 cents stop, who cares

[13:02] {patel} yeah true

[13:02] {patel} u going to use 16.99 as a stop now

[13:03] {patel} since it is holding 17

[13:03] {Threei} yup

[13:04] {Threei} looks good to me

[13:04] {Threei} volume dries up on retreat, increases on advance

[13:04] {patel} yup

[13:05] {Threei} picks up pace as attack resistance again

[13:07] {dino} fslr

[13:08] {dino} v sm l .70, risky

[13:11] {Threei} market changed its mind about slow climb

[13:11] {Threei} we have a choice here

[13:11] {Threei} to say stopped

[13:11] {Threei} or to sell and not say anything so fern doesn't know

[13:11] {BillyD} lol

[13:12] {Threei} later on type "out BAC $5" for him

[13:12] {Threei} so he swears until he looks at the chart

[13:12] {Threei} and then he swears some more :)

[13:20] {dino} stopped fslr -.30

[13:29] {Threei} F WSJ: Ford and Utilities companies will announce a recharging technology for electric vehicles (7.65, +0.28, 3.80%) (related GM F.IT DUK TE FPL D EXC )

[13:29] {Threei} GM To discucss production outlook on 2:30ET confernce call (67.14, +0.71, 1.07%)

[14:10] {patience} .

[14:27] {magoo} VADDDDDDDD

[14:27] {magoo} wake up

[14:27] {Threei} why?

[14:43] {magoo} huh?

[14:44] {Threei} what?

[14:48] {magoo} AXL looks to resume

[14:48] {Threei} well... 5 support is a valid one to place a stop under

[14:49] {Threei} I just can't evaluate the odds of success

[14:49] {Threei} pretty random, honestly

[14:49] {BillyD} and it will dip below 5 as we have already seen

[14:56] {magoo} in it .10

[14:58] {Threei} selling any?

[14:58] {magoo} might

[14:58] {Threei} or you are in for a big run?

[14:58] {magoo} i want run

[14:59] {magoo} but

[14:59] {magoo} to.45 area..but who knows?

[15:04] {magoo} out .27

[15:04] {Threei} :)

[15:04] {magoo} prob reload it

[15:08] {magoo} dam RTK never stops either

[15:15] {Threei} RTK CEO on CNBC with Kudlow this evening

[15:15] {Threei} Rentech Inc To Supply Renewable Synthetic Fuels to 8 Airlines for Ground Service Equipment Operations at Los Angeles International Airport

[15:15] {Threei} - signed an unprecedented multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel) for ground service equipment operations at Los Angeles International Airport (LAX) beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service.

[15:25] {dino} .

[15:26] {Threei} RTK CEO: Recently announced deal is 'touch point along the curve'; forcusing on more jet fuel contracts (2.39, +1.10, 85.27%)

[15:27] {magoo} AXL

[15:34] {Threei} nice spike

[15:35] {magoo} out 69

[15:35] {magoo} rd 3

[15:36] {Threei} Rentech Inc CEO Notes that planning to increase production of jet fuel through a commercial scale factory in 4 years

[15:36] {Threei} ummm

[15:37] {dino} eslt

[15:37] {Threei} let's buy it in 3 years 11 months?

[15:55] {Threei} Ok guys, let's call it a day

[15:55] {Threei} have a great evening, see you tomorrow

[15:55] {dino} pncl

[15:55] {magoo} ty vad

[15:55] {magoo} all

[15:56] {dino} thx all, slow day

[15:56] {Threei} slow?

[15:57] {Threei} all slow days seem to be sprinter runners vs today

[15:57] {larisa} bye :)

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