Aug 27 2009

The day started nicely with 40 cents HIG long trade off a pullback, continued with AIG and IMMUlong trades, and then it was all about AIG. August ends with a great run so far.

Session Time: Thu Aug 27 00:00:00 2009

[08:05] {Threei} Wednesday, August 26, 2009 8:43:34 PM

[08:05] {Threei} FT comments on the recent gains in shares of AIG, Fannie Mae and Freddie Mac

[08:05] {Threei} - AIG has risen by 150% since Aug 3, and shares of Fannie and Freddie have both gained about 250%.

[08:05] {Threei} - A combination of rumors, momentum and the low cost of the shares have all contributed to the moves in the shares.

[08:05] {Threei} - The gains in shares of Fannie and Freddie have been partially driven by the recent stabilization of the US housing market and speculation that the US government would extend its tax credit for first-time homebuyers.

[08:05] {Threei} - Trading has also been driven by a recent widely read analysis of Fannie and Freddie's long-term earnings potential by John Hempton, portfolio manager at Bronte Capital.

[08:05] {Threei} - A short squeeze may also be partially responsible for the share price gains.

[08:06] {Threei} (US) Reportedly, the Fed is seeking to delay disclosing its emergency lending data

[08:06] {Threei} - On Aug 24, a Manhattan judge ruled that the Fed had until Aug 31 to disclose its daily reports on borrowing by banks and other financial firms.

[08:06] {Threei} Fed's lacker: Housing and autos are no longer drag on GDP

[08:30] {Threei} *INITIAL JOBLESS CLAIMS: 570K V 565KE; CONTINUING CLAIMS: 6.133M V 6.242ME

[08:30] {Threei} - Prior jobless claims revised from 576K to K

[08:30] {Threei} - Prior Continuing Claims revised from 6.241M to ...more... (related SHY SPY EUR/USD USD/JPY USO IYM RTH )

[08:30] {Threei} *Q2 PRELIMINARY GDP ANNUALIZED: -1.0% V -1.5%E; PERSONAL CONSUMPTION: -1.0% V -1.3%E

[09:03] {magoo} morning

06[09:03] * nemo slaps magoo around a bit with a large trout

[09:04] {Threei} magooevsky :)

[09:04] {magoo} vasillee:)

[09:05] {magoo} whats correct spelling anyway?

[09:05] {nemo} of what

[09:05] {larisa} vasilisa the beautiful :)

[09:05] {nemo} mornin' lari

[09:06] {larisa} gm :)

[09:07] {magoo} news immu ba vad?

[09:08] {Threei} hmm

[09:09] {Threei} for some reason I have none

[09:09] {dino} lupus drug news

[09:10] {Threei} UCB Group And Immunomedics, Inc. Announce Positive Results for Epratuzumab Phase IIb Study in Systemic Lupus Erythematosus (SLE)

[09:10] {Threei} crap

[09:10] {Threei} they were inside SLE news

[09:10] {Threei} so I missed

[09:11] {Threei} also keep an eye on CLNE

[09:11] {Threei} darn thing started forming beautiful breakout at 11.10, and I intended to watch it for a break today

[09:11] {Threei} of course it had to have news and gap over that

[09:12] {bluejet} gm

[09:12] {Threei} blue :0

[09:12] {nemo} ford

[09:18] {dptl} good morning

[09:18] {Threei} dp :)

[09:19] {cosmo} atsi

[09:19] {cosmo} 3 support

[09:19] {fernp} good morning everybody

[09:20] {Threei} fern :)

[09:22] {dino} gm

[09:23] {larisa} morning dino :)

[09:24] {dino} :)

[09:29] {dino} sigm

[09:31] {Threei} dino :)

[09:31] {dino} pcp

[09:32] {dino} deo

[09:33] {magoo} BA no down

[09:34] {nemo} announced testflight schedule of 787

[09:34] {magoo} i know

[09:34] {magoo} ty

[09:34] {Threei} Long Setup: HIG 22.70 break

[09:34] {Threei} stop under .60

[09:38] {Threei} enough games HIG, it's time

[09:38] {nemo} what...to defecate or get off the commode?

[09:39] {Threei} sigh

[09:39] {Threei} crude... but colorful

[09:39] {nemo} no scatalogically profane references

[09:39] {Threei} 1:1, half out

[09:40] {fernp} ty Vad

[09:40] {Threei} offering 1/4 more at .91

[09:40] {Threei} welcome

[09:40] {magoo} gr.93 here

[09:41] {Threei} that was beautiful little explosion

[09:41] {magoo} yea

[09:41] {Threei} .90 break will lauinch next one

[09:41] {magoo} the commode got it

[09:41] {Threei} rofl

[09:41] {nemo} hehehehe

[09:42] {nemo} time for the bidet?

[09:42] {Threei} 1:2

[09:42] {magoo} out TY BOSS

[09:42] {Threei} 1/4 more out

[09:42] {Threei} wow

[09:42] {dino} pcp sm s .75

[09:42] {Threei} out in full 23.10

[09:42] {Threei} +.40

[09:42] {Threei} can I go home?

[09:43] {nemo} Oh, jeez...alzheimer's

[09:43] {magoo} c'mon..just getting started...maybe at 7 for 7 ill consider it

[09:44] {Threei} IMMU bounced decently off 6

[09:44] {Threei} let's see if there is double bottom in it

[09:45] {magoo} over 8 premkt

[09:46] {dino} vov pcp .15, +.60

[09:46] {dino} cov

[09:48] {magoo} decent pllbk HIG

[09:49] {dino} igk

[09:51] {Threei} AIG

[09:51] {Threei} pace picks up

[09:51] {magoo} vad..maybe Q bounce play?

[09:52] {Threei} and again starts feeling like going insane

[09:52] {fernp} HIG pullback, Vad?

[09:53] {Threei} most likely the same setup once again

[09:53] {Threei} .70 breaak if holding .60

[09:53] {fernp} ok

[09:53] {nemo} oops, support disappeared

[09:53] {Threei} invalidated

[09:53] {Threei} let's wait for the next one

[09:54] {Threei} AIG

[09:54] {Threei} 41 brweak

[09:54] {Threei} if holding 40.80

[09:54] {nemo} oops

[09:54] {magoo} oh no........

[09:54] {Threei} no need to say, smallish shares

[09:54] {magoo} not sure im up to it just yest

[09:54] {magoo} yet

[09:55] {Threei} 1:1

[09:55] {wulff} held overnight 100

[09:56] {nemo} magoo got the flu?

[09:59] {Threei} once again

[09:59] {Threei} same setup AIG

[10:00] {Threei} invalidated

[10:00] {magoo} yea..the one gong around swinehangover

[10:00] {Threei} FDIC: Troubled bank list to in Q2 416 v 305 in Q1

[10:00] {Threei} - Total assets of 'problem' institutions at $B from $220B in Q1

[10:00] {Threei} - FDIC insured institutions net income $B vs $7.6B in Q1

[10:00] {Threei} - Q2 net charge offs $B vs $37.8B in Q1

[10:00] {Threei} - Deposit insurance fund fell % ($B) to $B vs $13.B in Q1

[10:01] {magoo} IMMU your double buns

[10:01] {magoo} mkts getting kicked tho

[10:02] {Threei} Long Setup: IMMU .10 break

[10:02] {Threei} if stays above 6

[10:04] {Threei} 1 cent shy of 1:1??

[10:04] {Threei} come on

[10:04] {magoo} in

[10:04] {Threei} NYMEX Oct crude futures move belows $70/barrel; off by $1.50

[10:05] {magoo} ok lets try this

[10:05] {magoo} get off the commode immu

[10:06] {magoo} Q bounce?

[10:06] {Threei} lol... started typing long AIG .50...

[10:06] {Threei} quess where it was by the time I finished typing

[10:06] {Threei} (US) FDIC's Bair: US financial sector may be at a turning point in regards to asset quality, hopeful that credit probems will moderate in coming quarters

[10:06] {Threei} - Asserts the FDIC has ''ample resources" to protect deposits.

[10:06] {Threei} - Decline in insurance fund balance does not diminish the FDIC's ability to protect depositors.

[10:06] {Threei} - Expects the number of problem banks and bank failures to remain elevated even as economy begins to recover.

[10:06] {Threei} - Loan loss provisions have lowered bank earnings, provisions will remain at elevated levels for some time

[10:06] {Threei} - Credit problems will outlast the recession by at least two quarters.

[10:10] {nemo} mmhhhh big orer .15 on immu

[10:10] {nemo} order

[10:10] {nemo} sell order that is

[10:10] {nemo} big bid .05

[10:10] {Threei} and none of the matters

[10:10] {Threei} them

[10:12] {Threei} should slice through now

[10:12] {Threei} there

[10:12] {Threei} 1:1

[10:13] {Threei} that's 3 for 3... I need 4 more to go home??

[10:13] {Threei} life is unfair

[10:13] {magoo} yea

[10:13] {nemo} that's just for the morning Vad

[10:14] {magoo} ROFLOL nemo

[10:14] {Threei} you greedy basterds

[10:14] {nemo} bastard

[10:14] {nemo} me

[10:14] {Threei} no'

[10:14] {nemo} you here anbody else

[10:14] {Threei} learn to spell

[10:14] {cosmo} bastids

[10:14] {nemo} spel

[10:14] {Threei} bastids, bastages

[10:14] {Threei} or per tarantino, basterds

[10:15] {magoo} out .27 IMMU ty

[10:17] {Threei} over 1:2

[10:18] {dino} sigm l .60

[10:21] {Threei} frikin CLNE

[10:21] {magoo} dam IMMU

[10:23] {nemo} nice contrarian indicator their magoo

[10:24] {Threei} ok, I realize my influence is not a good one when it comes to language skills... but at least try to make it understandable, will ya

[10:24] {nemo} huh?

[10:24] {magoo} huh?

[10:24] {wulff} AIG tight range

[10:25] {Threei} {nemo} nice contrarian indicator their magoo

[10:25] {Threei} huh?

[10:25] {nemo} as soon as he said that it tanked 20 cents

[10:25] {magoo} the spelling?

[10:25] {magoo} out Q bounce .83 +.13 ty vad

[10:25] {nemo} spelink

[10:26] {Threei} you are welcome but I never called it

[10:26] {nemo} brownnoser

[10:26] {magoo} do u want the win or not lol?

[10:27] {Threei} lol

[10:27] {nemo} Vad does not need to burnish his stellar record with falsehoods

[10:27] {nemo} (now that's brownnosing)

[10:27] {Threei} sigh

[10:27] {Threei} I want my coma back

[10:27] {nemo} tomorrow will be a good coma day

[10:27] {magoo} that does it......................

06[10:28] * magoo slaps nemo around a bit with a large trout

06[10:28] * magoo slaps nemo around a bit with a large trout

06[10:28] * magoo slaps nemo around a bit with a large trout

06[10:28] * magoo slaps larisa around a bit with a large trout

06[10:28] * nemo slaps magoo around a bit with a large venison steak

[10:28] {dino} intu l .12

[10:28] {magoo} HEY.,.what that for?

[10:28] {nemo} you like venison?

[10:29] {nemo} Dino...the one adult

[10:31] {Threei} Raven too but he gave up on us

[10:31] {magoo} what is this "venissan" of whicjh u so fondly speak of?

[10:31] {nemo} alright fine

06[10:31] * nemo slaps magoo around a bit with a large venison backstrap

[10:32] {nemo} rimm Vad

[10:33] {nemo} oh well

[10:37] {Raven} {}

[10:38] {dino} sigm stopped -.12

[10:39] {dino} intu stopped flat

[10:44] {Threei} IMMU p;ace picks up

[10:45] {wulff} AIG

[10:49] {wulff} new high

[10:49] {magoo} i caut AIG .80 to .43 ty vads

[10:49] {Threei} lol

[10:49] {Threei} AIG goes to 43

[10:49] {magoo} in'

[10:51] {wulff} in at 41.42

[10:53] {magoo} exit .74

[10:53] {magoo} trying

[10:55] {magoo} OUT TY vad..thats 7 i beklieve

[10:56] {Threei} half out .85

[10:56] {Threei} offering second half 43.05

[10:56] {magoo} may reload

[10:57] {Threei} out

[10:57] {magoo} NICE

[10:57] {Threei} chant, all together: momo, momo, momo

[10:58] {wulff} +1.5

[10:59] {magoo} man vad...reminds me of good ole times..remember?

06[10:59] * magoo slaps wulff around a bit with a large trout

[11:00] {magoo} add nice profuits

[11:00] {nemo} this is around AIG's pre reverse-split high

[11:01] {magoo} it only amounts to a pre rev split of appx 2.40 bux

[11:01] {magoo} 1 dollar to 27 dollar split

[11:01] {nemo} 1:10

[11:01] {nemo} 1:27!!??

[11:01] {magoo} yea

[11:02] {nemo} whoa? Guess they'll have to split soon :)

[11:02] {magoo} 20 : 1 soorry

[11:02] {magoo} still

[11:03] {dino} pw4rd l .82

[11:04] {Threei} IMMU momo

[11:04] {wulff} hast 43 sale

[11:04] {wulff} hasty

[11:06] {Threei} see IMMU?

[11:06] {Threei} see AIG?

[11:06] {Threei} learning to spot those momos?

[11:07] {wulff} after, yes

[11:07] {larisa} lol

[11:07] {wulff} have to partial out for the moves

[11:08] {Threei} it's ll come...

[11:08] {Threei} have you traded in 1998-2000?

[11:08] {wulff} not well

[11:09] {Threei} Brian!

[11:09] {Threei} welcome back

[11:09] {brian3579} hello all long time no talk

[11:09] {Threei} couldn't you come in a few hours earlier? would be a few hundreds(thousands) richer

[11:10] {brian3579} haha

[11:10] {Threei} HIG, AIG, IMMU... full day of beauties

[11:10] {brian3579} aig wow

[11:11] {nemo} look for aig @ .20?

[11:11] {nemo} 44.20 that is

[11:11] {larisa} 45 44 or 43 ?

[11:11] {larisa} lol

[11:12] {nemo} R3 44.17

[11:15] {Threei} anyway... brina, how have you been?

[11:15] {Threei} brian, sorry... our typing is still where it used to be

[11:15] {brian3579} very good hahaha

[11:15] {brian3579} you

[11:20] {dptl} .

[11:21] {dptl} am i here?

[11:21] {Threei} anyone seen dp lately?

[11:21] {magoo} no..wherres he been?

[11:21] {dptl} :)

[11:21] {nemo} no, must be drying out somewhere

[11:21] {Threei} yeah, too bad he is not here... nice guy

[11:22] {Threei} when sober

[11:22] {Threei} which never happens

[11:22] {Threei} IMMU round 3

[11:28] {brian3579} hig

[11:29] {Threei} IMMU, if you feel like dipping toes once again

[11:29] {Threei} .10 break

[11:29] {Threei} if stays above 7 of course

[11:31] {Threei} no go this time

[11:34] {magoo} out AIG .11 a point

[11:35] {magoo} beware of its anbility to do a 3 pt candle drop in 1.76 seconds everyone

[11:35] {Threei} lol

[11:35] {magoo} im more scared of it today

[11:36] {nemo} 13 dollars in less than 3 hours, don't know why

[11:36] {wulff} do you need to?

[11:36] {nemo} just hope it'll be available short on the way down

[11:36] {Threei} yeah, what could possibly be scary about that

[11:36] {wulff} fell free

[11:36] {wulff} feel

[11:37] {magoo} out AGAIN .11 AIG

[11:37] {magoo} AFRAID

[11:37] {magoo} but RICH

[11:37] {nemo} no, don't know why he'd be scared if it jumped $13 in 3 hours

[11:37] {nemo} tung in cheec

[11:38] {nemo} watching aig you wouldn't think the market was own

[11:39] {wulff} I say 50 halts it

[11:40] {nemo} 70

[11:40] {Threei} my bet is 53

[11:40] {nemo} actually 1:00 pm

[11:43] {dino} aef l .10

[11:44] {dino} imagine being long in a halt

[11:44] {nemo} frickin nightmare

[11:45] {nemo} {wulff} I say 50 halts it

[11:45] {nemo} sfsg

[11:45] {dino} thing could open 15 lower

[11:45] {Threei} 9 cents shy... what's up with this sloppiness wulff

[11:46] {nemo} huh...I have a high of 50.04

[11:46] {wulff} I spilled my beer..

[11:46] {Threei} hmm.. 49.91 here

[11:46] {nemo} I'm on laser

[11:46] {dino} alcohol abuse

[11:47] {nemo} quote server 7

[11:47] {wulff} Your call of 43 ceiling seems funny now

[11:47] {Threei} i never said it will top there

[11:47] {Threei} I said it goes to 43 when it was 42

[11:48] {dino} i suppose it goes to 100, that would be 5, from reverse

[11:49] {brian3579} vad does the room have a sound alert when you post a message?

[11:49] {nemo} oh jeez

[11:49] {dino} not for you brian, lol

[11:49] {brian3579} haha

[11:49] {nemo} jokes on you

[11:50] {brian3579} that hurts

[11:50] {nemo} time to open old wounds

[11:51] {nemo} Mmmmmmhhhhh....mags....brian....

[11:51] {Threei} lol... you guys

[11:51] {Threei} if you use mirc, yes

[11:51] {Threei} if mibbit no

[11:51] {nemo} Mags....brian

[11:52] {nemo} o.k. fine

06[11:52] * nemo slaps brian3579 around a bit with a large trout

[11:53] {brian3579} long time time between slaps

[11:54] {Threei} well

[11:54] {Threei} 50 break is C&H on AIG

[11:54] {wulff} but,but...

06[11:55] * nemo slaps brian3579 around a bit with a large trout

[12:02] {Threei} double top so far AIG

[12:05] {nemo} hig looking toppy too

[12:17] {Threei} American International Group, Inc CNBC teasing upcoming segment for a discussion on stock price behavior

[12:17] {Threei} - anchor says their guest has a price target that "will get alot of attention"

[12:17] {Threei} AIG CNBC guesttarget $100; could rise to $200 or $300/shr; recent move higher based on liking new CEO (49.03, +11.34, 30.09%)

[12:17] {Threei} sigh

[12:19] {dino} and yet the company is broke

[12:26] {bluejet} vad, did you have aig?

[12:26] {Threei} hmm?

[12:26] {Threei} when?

[12:27] {bluejet} did you trade it today? I missed it both yesterday and today

[12:27] {Threei} yes

[12:27] {bluejet} good job

[12:29] {Threei} I alled it a few times today... you slept through it? :)

[12:29] {bluejet} no. but i need to take care of kid

[12:30] {larisa} plus some traders are sane, we stay poor but safe :)

[12:30] {Threei} I used to have two of those

[12:30] {Threei} HIG... thinkinbg of 24 break

[12:31] {bluejet} LOL. I am still in that boat. I have q: even if I am here, i would be hesitate to take long since mkt was down this morning. how do you deal with the relationship between a single stock and overall mkt?

[12:31] {dino} pull up a chart

[12:33] {Threei} wow... that's not someothing I could answer without 1 hour lecture

[12:33] {dino} and i did it in 4 words

[12:34] {dino} bustin' ya vad

[12:35] {dino} stop to .94 pwrd

[12:40] {fernp} have to go. see you all tomorrow

[12:41] {Threei} take care fern

[12:49] {Threei} market is frozen

[12:49] {Threei} coma time

[12:50] {nemo} aig freefall

[12:51] {brian3579} vad this is why im back was hoping you would make me laugh during coma time

[12:51] {Threei} :)

[12:51] {Threei} that guest assigning 100, 200 and 300 targets... can you think of beter indication of the top?

[12:52] {nemo} Cramer

[12:55] {Threei} well... AIG is not available for short

[12:55] {Threei} too bad

[12:55] {nemo} that figures

[12:55] {Threei} just tried 48.20

[13:01] {Threei} *TREASURY'S $28B 7-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.74 V 2.63 PRIOR AND 2.43 OVER THE LAST SIX

[13:02] {Threei} indirect bidders take 61.2% of competitive bids

[13:02] {Threei} - notes draw 3.092% with 46.3% alotted at the

[13:02] {Threei} high

[13:03] {nemo} interesting look at Fas around 12:30 and tlt around 12:45, the news was out

[13:11] {Threei} covering paper half at paper 47.50 for paper +.70

[13:11] {nemo} on aig in a coma....

[13:14] {Threei} what else can I do if that's the trade AI wanted to take and ikt's unavailable

[13:15] {wulff} been gone for a while, see my 50 held

[13:16] {Threei} you were helped by some "CNBC guest" who said it's goling to 300

[13:16] {Threei} that's whaen it dropped like a stone

[13:17] {Threei} taking paper profit in full at paper 46.90 for paper gain of paper $1.30

[13:21] {Threei} ok, if nothing else, want a little bit of educational blabber?

[13:21] {nemo} sigh

[13:21] {Threei} okay... sorry... back in coma

[13:21] {larisa} yes

[13:22] {nemo} sensitive, isn't he...

[13:22] {Threei} that's me

[13:22] {Threei} just wanted to offer the way 48.20 became a short level

[13:22] {Threei} any guesses?

[13:22] {larisa} i was looking at it, i want to know :)

[13:23] {Threei} inquiring mind...

[13:23] {Threei} unlike nemo's

[13:23] {nemo} old support becomes new resistance?

[13:23] {larisa} what time entry ?

[13:23] {Threei} [12:55] {Threei} just tried 48.20

[13:23] {brian3579} my guess same as nemo

[13:23] {Threei} it is, as far as entry on bounce goes,

[13:24] {nemo} poor brian...he doesn't know about me

[13:24] {Threei} but before that there was a bigger picture:

[13:24] {Threei} yeah brian, before I continue, keep in mind:

[13:24] {Threei} having same thoughts as nemo is a very bothersome sign

[13:24] {brian3579} haha

[13:24] {Threei} in that big picture we have:

[13:24] {nemo} jump now

[13:25] {Threei} double top at 50 (beautiful call by wqullf),

[13:25] {brian3579} light volume on move back too 48.20

[13:25] {Threei} 48 area is a bottom between two tops,,

[13:25] {brian3579} i see

[13:25] {brian3579} thats why im back not the jokes

[13:25] {Threei} retested at 12:05 - 12:10,

[13:25] {Threei} lower high,

[13:26] {Threei} slow slide into 48.20,

[13:26] {Threei} little consolidation,

[13:26] {Threei} the breakdown and sharp drop.

[13:26] {Threei} Volume spike on hat drop,

[13:27] {Threei} then bounce into former support, now resistance (nemo and brian's idea, bery very afraid of the company brian)

[13:27] {Threei} volume drying up on the bounce,

[13:27] {Threei} and that's that.

[13:27] {Threei} Break charts by elements, identify all these simple patterns,

[13:28] {Threei} you get your play structured and served on a dish with blue rim

[13:28] {larisa} so at what point you know that momo is gone and technicals are back? :)

[13:28] {Threei} CNBC guest

[13:28] {larisa} lol

[13:28] {Threei} :)

[13:28] {nemo} I just can't watch

[13:28] {Threei} seriously... assigning insnae targets to a stock that went through such run, and stock drops after that

[13:29] {Threei} what else do you need to call a top, lol

[13:29] {nemo} dead chicken

[13:29] {nemo} coupla diagrams

[13:29] {nemo} Ouija board

[13:30] {nemo} magic words

[13:38] {Threei} [13:25] {brian3579} thats why im back not the jokes

[13:38] {Threei} now, we all know that is not true

[13:39] {brian3579} haha

[13:54] {Threei} DRYS Dry bulk shipping stocks moving higher in last 30 minutes

[13:54] {Threei} - the strength may be attributable to China Cosco, Asia's largest shipping firm by market value... (6.26, +0.57, 10.02%) more... (related EGLE DSX 1919.HK )

[13:55] {Threei} stating in its earnings release this morning that it would consider cancelling or postponing new container ship orders (thus easing concerns about a container ship glut).

[13:55] {bluejet} I have to leave. Thanks, vad. see you tomorrow

[13:55] {Threei} take care blue

[13:57] {magoo} any read AIG vad?

[13:58] {Threei} nope, bcome fairly random

[14:00] {dino} pcp hod

[14:19] {dino} igk drop

[14:23] {Threei} mags

[14:23] {Threei} if you really really want it

[14:23] {Threei} AIG is probably worth a try here

[14:24] {Threei} there, good pullback to try

[14:27] {Threei} sell half here

[14:28] {Threei} stop to about .70, and try to ride it to 48.50 or so

[14:30] {wulff} see y'all tomm..

[14:31] {Threei} take care wulff

[14:31] {Threei} here we go

[14:31] {Threei} feel free to exit

[14:31] {Threei} nice 60 cents

[14:32] {Threei} who am I talking to...

[14:32] {dino} upl

[14:33] {brian3579} i still want a joke

[14:33] {Threei} nope

[14:33] {Threei} no calls, no jokes

[14:33] {nemo} get a mirror?

[14:34] {brian3579} wow

[14:34] {Threei} me misunderappreciated

[14:34] {nemo} that means you're over appreciated

[14:34] {Threei} not according to a former president

[14:34] {nemo} or Roger Clemens...he was mis heard

[14:34] {Threei} who was misunderestimated

[14:35] {nemo} Bin Laden?

06[14:35] * Threei slaps magoo around a bit with a large and beautiful AIG rally which magoo missed

[14:36] {magoo} out .81 +1.11

[14:36] {magoo} tyt vad

[14:38] {Threei} qwhew

[14:38] {Threei} thank you

[14:38] {dino} igk l .85\

[14:42] {magoo} vad if IF AIG takes 50...a powerful long trigger imo

[14:43] {Threei} yes but try to enter on pullback

[14:43] {Threei} like this

[14:43] {magoo} in .08

[14:44] {Threei} breaks are surefire recipe for shakeouts on this one

[14:44] {Threei} entry on pullback into .30 when I said "like this" - look what a beauty

[14:44] {Threei} 40 cents in one gasp

[15:05] {brian3579} nemo tell me a joke

[15:12] {magoo} merr halt

[15:14] {Threei} MERR Halted: News pending

[15:16] {Threei} MERR Raises $10.2M and Settles $43.5M in Civil Legal Claims

[15:16] {Threei} - signed definitive agreements for todays funding of $10.2M through an oversubscribed private placem...more...

[15:16] {Threei} signed definitive agreements for todays funding of $10.2M through an oversubscribed private placement of convertible preferred stock.

[15:16] {Threei} - proceeds from the transaction will be used to reposition the firm for profitable growth and settle $43.5M of previously disclosed civil legal claims that resulted from the unethical conduct of a rogue retail broker in 2008.

[15:19] {dino} out aef .35, +.25

[15:20] {dino} kstevens is having trouble

[15:20] {nemo} got a joke brian...but it's not pc

[15:20] {nemo} the janitor will get pissed

[15:20] {brian3579} ty dino

[15:21] {dino} you take it?

[15:23] {magoo} i scalped that aig ..forgot popst

[15:24] {magoo} sorry ..had 3 others on

[15:24] {Threei} popst will forgive you

[15:24] {magoo} he he

[15:24] {magoo} i had to deal with mr. popst :)

[15:25] {magoo} if u know what i mean

[15:27] {Threei} I am afraid to think

[15:27] {magoo} then dont think..thats what your best at lol

[15:28] {Threei} lol, true

[15:29] {magoo} careful AIG

[15:29] {magoo} watch out below

[15:29] {Threei} 50 remained unbroken

[15:29] {Threei} not good for continuation

[15:29] {Threei} very mucxh looks like blow-off top so far

[15:29] {magoo} will or could be great launch pad at another date boss

[15:30] {magoo} just like 35 was this time

[15:30] {Threei} will need tomorrow as confirmation

[15:30] {Threei} this CNBC guest is what makes me think, top is more likely

[15:31] {Threei} if we had 5 of them bashing AIG

[15:31] {Threei} yet it would proceed higher

[15:31] {Threei} I would sy buy and hold for aniother 20 points

[15:31] {Threei} but having hype with insane tragets and drop after that...

[15:34] {magoo} are u thinkuing top AIG or u calling top like all the other 85% of the clowns ouit there

[15:34] {nemo} whoa

[15:35] {Threei} well... while clowns called top I was saying up,

[15:35] {dino} what about other 15% clowns?

[15:35] {Threei} but now we have a clown saying up :)

[15:35] {Threei} so I am more hesitant :)

[15:35] {Threei} good question dino

[15:36] {nemo} statistical outliers?

[15:36] {dino} thats why you pay me to be here

[15:37] {Threei} let me put it this way mags

[15:37] {Threei} my general motto is, trend continues until it's obviously borken, and I don't like goling against it, no matter how high or low price seems to be,

[15:37] {Threei} there is always room for higher, and almost always for lower.

[15:38] {dino} would you like me to throw something at him?

[15:38] {Threei} always dino, thank you

[15:38] {dino} lol

[15:38] {Threei} But in this case AIG is more likely to be done than not,

[15:38] {dino} brian got out of aes way too soon

[15:38] {dino} aef

[15:38] {Threei} and if yesterday or today I was very easy to convince that it was going higher

[15:38] {magoo} i just was wonderuiing if you are tented up with clowns calling for major pllbk here..or the other clowns long

[15:38] {Threei} it would have to work much harder to convince me tomorrow

[15:39] {Threei} dino... make sure it's very heavy and has sharp edges

[15:39] {dino} just threw a stress ball at him

[15:39] {Threei} that's not sharp

[15:40] {nemo} taser him

[15:40] {dino} no, let me find the darts

[15:40] {nemo} rusty darts

[15:42] {brian3579} dino what was exit?

[15:44] {dino} i took .35, unfortunately

[15:46] {magoo} we in anything?

[15:46] {Threei} no

[15:46] {magoo} ok...

[15:47] {Threei} had IMMU in mind a while ago and it did work but was so slow, I just coluldn't get a read on it

[15:48] {magoo} yea..it like triple bottomed

[15:49] {Threei} had in mind little C&H with .65 trigger

[15:49] {Threei} oh well

[15:51] {Threei} DELL Reports Q2 $0.24 v $0.23e, R$12.7B v $12.59Be

[15:51] {Threei} eeck

[15:54] {Threei} American International Group, Inc CNBC says Hank Greeberg tells them that rumors he might be forming a group to take over AIG are not true

[15:54] {Threei} - CNBC mention the comment as they discuss the move higher in AIG today, which CNBC comments was driven by chat room rumors that Greenberg might be eyeing a takeover. CNBC reporters also note that Greenberg made similar comments several months ago in an interview.

[15:56] {magoo} ty vad..everyone

[15:57] {Threei} okay guys

[15:57] {Threei} thank you all

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

[15:57] {Threei} see you tomorrow

[15:57] {nemo} cya

[15:57] {cosmo} immu gappa?

[15:58] {Threei} wow dell

[15:58] {Threei} another explosion

[15:59] {dino} out igk .97, +.12

[16:02] {dino} thx all

Aug 26 2009

Profitable day overall but the major flare occured at the end of it. My constant harping "let's learn to recognize the momentum, it will serve us well in the following months" paid off today when some of room members caught AIG run for a huge gain. Very satisfying.

Session Time: Wed Aug 26 00:00:00 2009

[08:21] {Threei} US) Fed's Fisher: Economic recovery is underway, but businesses will continue to be conservative on hiring - Dallas Morning News

[08:21] {Threei} - The US economy is no longer in free fall, "healing process" has begun.

[08:21] {Threei} - Consumers are more confident, housing is showing a few positive signs.

[08:21] {Threei} - Does not expect rapid recovery, especially in jobs. It will be a while before businesses rehire or increase pay.

[08:30] {Threei} JULY DURABLE GOODS ORDERS: 4.9% V 3.0%E

[08:30] {Threei} DURABLES EX-TRANSPORTATION: 0.8% V 0.9%E

[08:38] {Threei} CPST Receives order for 4 C30 C1D2 Microturbines for Offshore Platforms in Gulf of Mexico

[08:38] {Threei} The total order exceeds $500,000 and is the latest in a series of orders for the low-emission Capstone product that is specially designed for hazardous Class 1, Division 2 environments.

[08:38] {Threei} - The same end-use customer previously purchased 38 C30 microturbines that are installed on manned and unmanned oil platforms throughout the Gulf of Mexico.

[08:38] {Threei} - The latest microturbines will be installed in the first quarter of 2010.

[08:47] {ese} well well well.....the more things change the more they stay the same.......am back from Copenhagen and am now in whistler......just thougt that i would check in on you bunch fo blighters

[08:47] {nemo} hey ese...good trip?

[08:47] {ese} fantastic......want to move there

[08:48] {ese} felt that way the last time too

[08:48] {ese} 3 years ago

[08:49] {Threei} welcome back ese!

[08:49] {ese} hows the market.......from just checking a little over there it seems like it is going sideways a litle

[08:49] {ese} hey vad

[08:50] {ese} good to be back .....almost home

[08:51] {Threei} Whistler is close enough

[08:52] {Threei} market is mostly quiet but there are opportunities every day

[08:54] {ese} alot closer than copenhagen thats for sure

[09:00] {ese} we received an invitation to Prague Checkoslovakia and Austria Vad for next year.......maybe we should go to your home town wherever that is do a show there

[09:00] {Threei} no we should not

[09:01] {Threei} take my word for it :)

[09:01] {cosmo} hmmm

[09:01] {larisa} gm :)

[09:01] {Threei} larisa :)

[09:01] {cosmo} home towns are tat way

[09:01] {cosmo} that

[09:01] {ese} LARIS BABY!!!!

[09:02] {larisa} lol, ese is back :)

[09:02] {ese} Ok will take your word for that vad

[09:02] {ese} only for a bit laris.....things to do with the family today

[09:03] {magoo} morning

[09:03] {Threei} magoo :)

[09:03] {ese} mags!!

[09:03] {ese} Everybody gets the big welcome from me today

[09:03] {magoo} sigh..cut 1k hgsi at 19.30 afterhrs

[09:03] {ese} MAGS!!!!!

[09:05] {fernp} good morning everybody

[09:05] {fernp} welcome home ese

[09:05] {ese} FERN!!!!! tks

[09:06] {magoo} E

[09:06] {magoo} S

[09:06] {magoo} E

[09:06] {magoo} S

[09:06] {magoo} E

[09:06] {ese} now thats cool one upmanship

[09:07] {Threei} fern :)

[09:09] {bluejet} GM

[09:09] {Threei} bluejet :)

[09:13] {Threei} Yesterday 21:46 HGSI Price Target raised to $31 from $18 at Weisel

[09:13] {Threei} 9:03:26 AM

[09:13] {Threei} Human Genome Sciences Inc Shares move higher on the back of continued takeover chatter

[09:13] {Threei} - Takeover chatter first reported in yesterday's session, chatter being repeated by CNBC in today's premarket

[09:15] {magoo} i know i know ..its momo..but lets try TRY to read it ok boss

[09:16] {Threei} sigh

[09:17] {Threei} did I call it yesterday when it gave a setup?

[09:17] {magoo} i did i thought

[09:17] {nemo} there you go thinking again

[09:18] {Threei} 12:14] {Alert} Threei Long Setup: HGSI .50 break

[09:18] {Threei} dino must be a saint...

[09:19] {nemo} that's .30 from here Vad....:)

[09:19] {Threei} ok... go away you two, and call HGSI for each other {G}

[09:19] {nemo} what I do?

[09:20] {larisa} do not yell at each other, I called it :)

06[09:20] * nemo slaps dino around a bit with a large trout

[09:20] {Threei} larisa as always... preventing murder

[09:21] {larisa} [12:07] {larisa} AIG HGSI woke up

[09:21] {larisa} lol

[09:21] {dino} gm all

[09:21] {Threei} morning dino

[09:21] {Threei} we decided you are a saint

[09:21] {larisa} morning dino, take coffee away from magoo :)

[09:22] {nemo} what's this "we" stuff?

[09:22] {Threei} and vodka

[09:22] {ese} DINO!!!!!!

[09:22] {Threei} leave him nice soothing green tea

[09:22] {Threei} with jasmine

[09:23] {dino} dino a saint, lol

[09:23] {cosmo} who's she?

[09:23] {Threei} yes dino... hard earned title, too... to put up with magoo for so long

[09:24] {dino} drinking helps

[09:25] {Threei} HURN Citadel LP reports new stake of 5.7% as of 8/19 - filing

[09:25] {Threei} - this makes Citadel the 2nd largest holder

[09:27] {nemo} [09:23] {&Threei} yes dino... hard earned title, too... to put up with magoo for so long...Its STOCKHOLM SYNDROME!

[09:28] {dino} ok, aded 3rd system last night, dedicated to trades

[09:29] {dptl} good morning

[09:30] {Threei} dp :)

[09:31] {Threei} HGSI

[09:31] {Threei} bounce

[09:31] {Threei} .60 break

[09:31] {Threei} stop under .45

[09:31] {Threei} half lot

[09:32] {Threei} invalidated

[09:34] {Threei} .20 was another trigger but I couldn't type in time

[09:34] {Threei} oh well

[09:34] {nemo} neural implant

[09:35] {nemo} then again, what else miht come out of your mind could be scary

[09:36] {magoo} what a nasty drop HG

[09:36] {Threei} sheesh

[09:36] {nemo} yeah

[09:36] {magoo} soihgh

[09:36] {nemo} gaelic again?

[09:37] {nemo} geez, coulda' gone home already

[09:37] {fernp} INTC long .26

[09:38] {magoo} AIG vad?

[09:38] {Threei} AIG .65 break worth a try

[09:39] {fernp} 1:1 INTC

[09:39] {dino} cm

[09:39] {nemo} hgsi pullback range?

[09:42] {Threei} AIG, watching for double bottom

[09:43] {Threei} .60 break if holdiog .50

[09:44] {Threei} 1:1, half out

[09:44] {fernp} out here ty

[09:45] {Threei} scalpers win

[09:46] {nemo} $ up strong

[09:50] {Threei} HGSI

[09:50] {Threei} sharp leg down is likely now

[09:50] {Threei} entry should be somewhere around .50-.60

[09:53] {Threei} SQNM

[09:53] {Threei} no news

[09:55] {Threei} must be some rumor somewhere

[09:55] {Threei} nice momo

[09:57] {magoo} HIG vad look

[09:57] {Threei} Long Setup: SQNM 50 break

[09:57] {Threei} if stays above .40

[09:57] {Threei} HIG .15 long

[09:57] {Threei} stop under 22

[09:58] {nemo} too fast

[09:58] {magoo} in .12

[09:58] {nemo} hig or hgsi

[09:58] {Threei} ??

[09:58] {Threei} [09:57] {magoo} HIG vad look

[09:58] {Threei} [09:57] {Threei} HIG .15 long

[09:58] {Threei} [09:57] {Threei} stop under 22

[09:58] {nemo} look at the prices between the two and what you type

[09:59] {nemo} oh, looked away

[09:59] {Threei} how can it be construed as HGSI?

[09:59] {nemo} your typing and the closeness of their stock prices

[10:00] {Threei} JULY NEW HOME SALES: 433K V 390KE (+9.6% M/M

[10:00] {Threei} prior revised from 384K to 395K

[10:01] {magoo} out HIG .37

[10:01] {magoo} ty vad

[10:02] {nemo} interesting, that home stuff was good news...market not reacting all that strongly

[10:04] {KSystems} helloooooooooooooooo

[10:04] {Threei} KS!

[10:04] {nemo} Tag

[10:04] {magoo} KS:)

[10:05] {nemo} sollten wir auf deutsch reden, so Vad aufgepisst werden sein?

[10:05] {dino} intu

[10:05] {dino} sm l .50

[10:06] {Threei} NYMX NX-1207 shows major effect on Liver Cancer in animal study

[10:06] {Threei} - NX-1207 has been shown to repeatedly produce strongly positive results when given to animals with ... (4.75, +0.46, 10.72%) more...

[10:07] {dino} ggc

[10:07] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:07] {Threei} **consensus expectations:

[10:07] {Threei} Crude: +1.2Me

[10:07] {Threei} Gasoline: -1.7Me

[10:07] {Threei} Distillate: +400Ke

[10:08] {Threei} SQNM... really acts like momo in the making

[10:08] {magoo} ah..missed

[10:08] {Threei} it gives sharp pullbacks

[10:08] {Threei} watch it

[10:12] {Threei} HGSI

[10:12] {Threei} opps... late

[10:13] {Threei} things are furiously fast

[10:15] {Threei} DNDN Strength attributed to renewed takeover chatter circulating (25.00, +0.88, 3.65%)

[10:16] {fernp} BAC breaking hod

[10:18] {Threei} HGSI... .50 break

[10:18] {Threei} risky as hell

[10:18] {Threei} pullback is better way to enter but impossible to call

[10:21] {wulff} big caps are all in tight range

[10:25] {Threei} NYMX...

[10:25] {Threei} usually POS but gets sewrious attention today

[10:30] {Threei} DOE CRUDE: +128K V -1.8ME

[10:30] {Threei} GASOLINE: -1.7M V -1.2ME; DISTILLATE: +767K V +200KE

[10:30] {Threei} VPHM Hearing shares moving higher on the back of takeover chatter

[10:30] {Threei} - Hearing Teva rumored as interested party

[10:30] {Threei} a bit too many of those lately eh?

[10:33] {nemo} market taking that oil report as bullish

[10:38] {Threei} NYMX, mama mia

[10:39] {Threei} USGS reports magnitude 6.0 quake in southern Alaska

[10:40] {Threei} let's make bets

[10:40] {Threei} 7?

[10:40] {Threei} 8?

[10:40] {Threei} 9?

[10:43] {dino} intu stopped flat

[10:43] {magoo} out .99 YTY vad

[10:43] {magoo} 2k

[10:43] {Threei} why was I so sure of that...

[10:43] {Threei} from?

[10:44] {magoo} .50

[10:44] {magoo} great exit

[10:44] {magoo} until it porints 9 he he

[10:45] {Threei} take a look at AIG guys

[10:46] {Threei} see this many times tried resistance at .80?

[10:46] {Threei} break of it is a long signal, watch for range to establish

[10:47] {Threei} if loses .60, temporarily invalidated, but can re-establish itsaelf

[10:47] {Threei} may take a while so I describe the trading idea in advance

[10:47] {nemo} if loses .55...short?

[10:52] {Threei} not for me

[10:54] {ese} wow....i haven't been away for that long but man you loose your feel for this.......will be treading lightly if at all

[10:55] {magoo} actually ese..today is hectic

[10:55] {magoo} furious start

[10:56] {ese} ya....i sorta got that.....watched and thought.......hmmmm could do anything......was strange feeling

[10:56] {ese} couldn't

[10:58] {Threei} Palm, Inc Pali Research comments on sales trends for Pre handsets (timing uncertain)

[10:58] {Threei} - Pali says it estimates that Sprint has sold about 70,000 Palm Pre's since August 7th, indicating that Pre sales are holding in at the mid 20,000 range per week.

[11:01] {magoo} RMBS vad..olook

[11:02] {Threei} pullback into .50, I'd be interested

[11:02] {Threei} no fresh news

[11:03] {nemo} aig creeping, but I can barely see the volume on my chart ...lol

[11:08] {Threei} creeping down you mean

[11:09] {nemo} not at 11:03 it wasn't

[11:09] {Threei} oh... my intervals between coma/wakeups increase... sorry

06[11:10] * nemo slaps Threei around a bit with a large prescription of black beauties

[11:10] {Threei} you say something, I fall asleep, wake up, answer... without realizing there was 5 min inbetween

[11:10] {Threei} RMBS

[11:10] {Threei} becomes interestying for bounce when market doesa

[11:11] {Threei} .50 break obvious setup

[11:11] {nemo} stop of .30 to avoid shakeout?

[11:12] {Threei} way too wide for me

[11:14] {patel} hello everyone

[11:15] {patel} still on vacation but stopped in to trade today

[11:15] {nemo} vacationing patella

[11:15] {nemo} ahhhhh

[11:15] {nemo} we're in a coma

[11:15] {patel} oh come on nemo

[11:15] {patel} the whole time i been gone

[11:15] {patel} you all been trading good

[11:15] {nemo} some better than others

[11:16] {dino} sm s wsm .50

[11:18] {Threei} hi patel

[11:18] {nemo} see...vad just regained consciousness

[11:18] {Threei} don't listen to nemo, his coma takes permanent root

[11:18] {Threei} while I am waking up now and then

[11:19] {nemo} pot calling the kettle black

[11:19] {patel} yes nice nice

[11:22] {patel} we watchving RMBS right now

[11:22] {nemo} kinda' just dropped to R3

[11:22] {patel} yup i just saw that

[11:22] {nemo} was gonna' be break of .50/.40 stop, w market help...no market help

[11:38] {dino} lnn

[11:39] {dino} cov wsm .15, +.35

[11:41] {dino} lnn gap fill

[11:50] {dino} wsm sm l .25

[11:52] {dino} pwrd sm l .15

[11:54] {dino} acm

[11:56] {dino} lnn sm l .05

[12:05] {wulff} +1.6 AAPL

06[12:06] * nemo slaps wulff around a bit with a large admonishment for indecent profits

06[12:21] * magoo slaps nemo around a bit with a large trout

06[12:21] * magoo slaps patience around a bit with a large trout

06[12:21] * magoo slaps wulff around a bit with a large trout

06[12:23] * magoo slaps laserdave around a bit with a large trout

06[12:23] * magoo slaps laserdave around a bit with a large trout

06[12:23] * magoo slaps laserdave around a bit with a large trout

[12:23] {larisa} finger stuck?

[12:25] {Threei} no, expression of special passion and affection

[12:25] {magoo} 6thats it

[12:25] {magoo} my typing has reached a new platuea of debotchery...i hit a numeral in there now

[12:26] {magoo} [12:25] {magoo} 6thats it

[12:26] {laserdave} thansk magoober

[12:26] {magoo} where u been?

[12:28] {Threei} lol mags

[12:31] {dino} .

[12:32] {dino} hgsi

[12:32] {Threei} HGSI Ticking lower on chatter GSK has denied interest in acquiring company

[12:32] {Threei} - Note: takeover chatter has been circulating in the name for the last two sessions, with GSK rumor... (21.46, +2.25, 11.71%) more... (related GSK )

[12:33] {Threei} that's gotta hurt

[12:41] {Threei} hurt it does

[12:42] {Threei} American Hospital Assn: US hospitals to gain $16B over the next decade from healthcare reform due to expanded coverage (related IYH )

[12:42] {Threei} ummm

[12:43] {Threei} from who?

[12:46] {dino} wsm to b/e

[12:50] {dino} stopped

[12:58] {dino} wsm l .14

[13:11] {Threei} NI) Nigerian Oil Min: Satisfied with oil prices of $70-80

[13:11] {Threei} oh good

[13:14] {dino} ouldn't want him unhappy

[13:23] {dino} kirk drop

[13:24] {Threei} (US) Rep. Kucinich (D) has reportedly asked health insurance CEOs to discuss denial of client claims by their companies

[13:24] {Threei} - A Congressional source says that Kucinich has requested explanations from the CEOs of Aetna, Wellpoint, Cigna and Humana.

[13:25] {dptl} Vad,would you short rmbs .20 break?

[13:26] {Threei} if stays under .30, and market drops...

[13:26] {dptl} ok ty

[13:29] {dino} stop to .25 wsm

[13:29] {dino} out +.11

[13:33] {Threei} Fed's Lockhart: too soon to contemplate raising rates; exit strategy for exit from asset purchase programs must be carefully communicated to prevent distortions - Q&A with reporters

[13:33] {Threei} - sees Fed's balance sheet starting to shrink in 2010.

[13:33] {Threei} - says he does not rule out raising MBS purchases but not leaning in that direction.

[13:33] {Threei} - notes recent housing data has been encouraging, has 'every hope' that the housing market has bottomed.

[13:33] {Threei} - expects more bank failures.

[13:33] {Threei} MTXX Ticking higher; hearing company affirming ongoing talks with FDA over Zicam recall

[13:33] {Threei} - MTXX is holding its annual shareholder meeting today (5.96, -0.23, -3.72%)

[13:38] {dino} isle l ,24

[13:56] {dino} kirk l .37

[14:31] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[14:31] {Threei} I agree

[14:31] {Threei} except may be for the 5th and 8th Z

[14:32] {Threei} those look dubious to me'

[14:32] {dino} what did you call me!, lol

[14:33] {dino} air pockets today\

[14:35] {dino} atni

[14:56] {Threei} Long Setup: AIG .80 break

[14:56] {Threei} if stays above .70

[15:01] {Threei} shapes up very nicely, just need market help

06[15:04] * Threei kicks AIG in the rear

[15:07] {magoo} NO WAY TOO CATCH THAT

[15:07] {Threei} you weren't in aggressively??

[15:07] {Threei} YOU???

[15:07] {Threei} I was pretty sure you were in at .76 at least, lol

[15:07] {Threei} 1:1

[15:08] {dino} gj

[15:08] {jmb} Thanks Vad

[15:08] {Threei} :)

[15:12] {Threei} dino... if I say 1:3, will I piss magoo off to no limit and please you in doing so?

[15:13] {dino} out kirk .50, +.13

[15:14] {dino} don't say it vad

[15:14] {Threei} okay... wanted to do you a favor {G}

[15:15] {dino} :)

[15:17] {Threei} that was perfect cup and handle

[15:17] {Threei} sorry dino, I just do it for my own enjoyment

[15:18] {dino} no worries

[15:21] {dino} bont

[15:23] {wulff} the NASD is frozen

[15:24] {Threei} hmm?

[15:24] {wulff} i.e. not moving very far

[15:25] {dino} unplugged

[15:26] {Threei} ok... I thought you mean quotes are broken

[15:28] {wulff} you like AIG .10 scalp?

[15:29] {Threei} toughie...

[15:29] {Threei} if market starts big uoward move, of course.... bu I'd rather stay with pullback

[15:29] {wulff} bit too close to close

[15:31] {wulff} slo mo with no momo

[15:33] {dino} blahhhhhhhh

[15:44] {wulff} should have taken .10

[15:44] {Threei} yeah

[15:45] {wulff} crap

[15:45] {Threei} something's happening there

[15:45] {Threei} that's not a techgnical move

[15:45] {wulff} shorts

[15:46] {Threei} no

[15:46] {Threei} against market, too big

[15:47] {Threei} something happens somewhere of which we are not informed yet

[15:47] {dino} yadda yadda yadda

[15:47] {dino} losing my mind

[15:48] {Threei} maybe something from FDIC

[15:48] {Threei} FDIC suggests extension of transaction account guarantee for banks; a rule looking for input on impact of off balance sheet accounting change

[15:48] {Threei} - Suggest rule that would call for information on whether or not to phase in a capital impact of accounting change

[15:48] {Threei} - FDIC's Bair: It is important to have alternative source of capital to assist minimizing losses to the Deposit Insurance fund as banks industry still faces serious challenges; prospects for future growth have improved.

[15:48] {Threei} - FDIC staff suggests 10% Tier 1 common equity capital ratio vs 15% prior

[15:48] {Threei} - Note: The FDIC is meeting today on a variety of issues including a policy on private equity investments in failed banks; guidelines under consideration considered less stringent than prior rules according to the OCC

[15:49] {larisa} crazy stock

[15:50] {larisa} over 35 shorts got nervous

[15:50] {Threei} no kidding

[15:50] {Threei} such resistance on daily

[15:51] {dino} so ease up on cap. req.

[15:52] {wulff} .10 looks good now

[15:52] {larisa} lol

[15:52] {Threei} rofl

[15:52] {Threei} all finnies are moving

[15:53] {Threei} none is so impressive as AIG though

[15:53] {magoo} long AIG 324

[15:53] {magoo} 34

[15:54] {larisa} I looked at vads call at 33.80 break and said to myself : no way this dead meat will do it :) did you feel tension vad or just liked the chart ?

[15:54] {Threei} liked the chart

[15:54] {Threei} there was nothing even close to this energy at the moment

[15:54] {dino} all dayer out pwrd .45, +.30

[15:54] {larisa} because I was looking at it and felt nofing :)

[15:54] {larisa} right

[15:55] {Threei} scalped .88 - 56.10

[15:55] {Threei} 36.10

[15:56] {dino} month end games

[15:56] {Threei} jeez

[15:56] {dino} aig magoo long 34

[15:57] {Threei} ok... that was my fault entirely for not saying "we have momo"

[15:57] {Threei} the pace was totally there

[15:57] {Threei} whatever.. profitable day

[15:57] {Threei} and plenty more to come

[15:57] {dino} he's up 10k

[15:57] {dino} pig

[15:57] {larisa} lol

06[15:58] * Threei slaps dino around a bit with a large kosher salmon

[15:58] {Threei} 38 is coming

[15:59] {Threei} 38.05 high

[15:59] {magoo} 3q5][kteak'pk'f'mfssf'

[15:59] {magoo} OPUTR #* BUX

[15:59] {magoo} 12k

[15:59] {magoo} NO SHIT

[15:59] {Threei} wtg mags

[15:59] {Threei} fantastic job

[15:59] {dino} out lnn .96, -.09

[15:59] {magoo} i twasso pissed at missuing your call

[16:00] {Threei} pays to identify those momos eh?

[16:00] {magoo} i took 34 agressive BOOM

[16:00] {magoo} let winners win

[16:00] {Threei} okay guys

[16:00] {Threei} thank you all

[16:00] {magoo} but your heckling got me motivated :)

[16:00] {Threei} have a good evening

[16:00] {Threei} mags, feel free to send me 30%

[16:01] {Threei} and fear not, I am willing to heckle you eery day

[16:01] {larisa} bye all :)

[16:01] {dptl} good evening all

[16:02] {magoo} ok

[16:02] {magoo} :)

[16:03] {dino} he's driving me nuts

[16:06] {dino} ok, thx all, up, but light, anyway, tee time in 20

Aug 25 2009

Beautiful day with a few scalps and a few bigger plays: AIG, notably HGSI for 45 cents and MTXX. No complains at all.

Session Time: Tue Aug 25 00:00:00 2009

[08:36] {bluejet} gm

[08:36] {Threei} Good morning

[08:46] {fernp} good morning everybody

[08:46] {Threei} fern :)

[08:55] {Threei} US) President Obama: Confirms speculation that he will endorse current Fed Chairman Bernake for second term

[08:56] {Threei} - States that Bernake has helped to prevent a second great depression

[08:56] {Threei} never mind that first he helped to create the threat

[09:00] {Threei} JUN S&P/CASESHILLER-20 Y/Y: -15.44% V -16.4%E; HOME PRICE INDEX: 141.86 V 139.84 PRIOR

[09:01] {Threei} NANO Announces Multiple Purchase Orders for Caliper Mosaic Overlay and Atlas OCD Metrology Systems from Leading Memory Customer (5.26, 0.00, 0.00%)

[09:03] {Threei} Fed's Bernanke: pledges to do his utmost to promote an environoment of growth and prosperity

[09:03] {Threei} - Fed has been challenged by the events of the last several years.

[09:08] {magoo} morning

[09:09] {Threei} mags :)

[09:09] {magoo} big gap hgsi

[09:09] {larisa} gm :)

[09:09] {Threei} no news

[09:09] {Threei} larisa :)

[09:17] {cosmo} COCO firming?

[09:18] {cosmo} 19.11 lod so far

[09:21] {dptl} good morning

[09:22] {Threei} cosmo, dp :)

[09:23] {cosmo} :)

[09:28] {dino} gm all, ed's popping

[09:29] {Threei} dino :)

[09:29] {Threei} watching BCRX for possible continuation of momo

[09:29] {Threei} HGSI

[09:30] {Threei} FRE/FNM

[09:30] {Threei} ACOR Confirms Date of FDA Advisory Committee Review of Fampridine-SR for Improvement of Walking Ability in People with MS

[09:30] {Threei} - Reminder: On Aug 24 -FDA advisory panel has reportedly scheduled a review for multiple sclerosis d... (22.97, 0.00, 0.00%) more...

[09:32] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T

[09:32] {Threei} - See possibility of broader deficit levels on the back of a weaker economy

[09:32] {nemo} duh

[09:34] {Threei} Long Setup: BCRX .60 break half lot

[09:34] {Threei} if stays above .40

[09:35] {Threei} FNM, pullback just under 2 is interesting for wentry

[09:35] {nemo} whoa, bcrx

[09:37] {Threei} Long Setup: FNM 2 break if stays above 1.95

[09:37] {magoo} in .99

[09:39] {Threei} Long Setup: AIG on pullback to near .10

[09:39] {cosmo} COCO pre mkt high = 20 fwiw

[09:40] {Threei} White House: Still sees unemployment peaking at 10% in Q4; 2009 Fiscal Deficit seen at $1.85T

[09:40] {Threei} - See possibility of broader deficit levels on the back of a weaker economy

[09:40] {Threei} oops, wrong one

[09:40] {Threei} (US) Karl Case: "The boat has turned" for US housing - radio interview (related XHB )

[09:41] {cosmo} turned over?

[09:41] {Threei} FNM no worky

[09:41] {fernp} C Vad?

[09:41] {Threei} BAC looks more promising to me fern

[09:41] {fernp} ok

[09:42] {Threei} Preview: Q2 and Jun US House Price Index due out at 10amET

[09:42] {Threei} **consensus expectation

[09:42] {Threei} - Jun (MoM): 0.4%e v 0.9% prior (estimates range between 0.0% to +0.6%)

[09:42] {Threei} - Q2 QoQ: -0.4%e v -0.6% prior

[09:42] {Threei} comwe on AIG, a bit more

[09:43] {Threei} Long Setup: BAC .70 if stays above .60

[09:44] {magoo} HGSI strong

[09:44] {Threei} in AIG

[09:45] {Threei} 1:2

[09:45] {Threei} out

[09:45] {Threei} that was easy money

[09:45] {Threei} laid out well in advance

[09:46] {nemo} use Getco?

[09:46] {Threei} no

[09:46] {Threei} it moves a bit too fast and I didn't want to miss it

[09:46] {Threei} BAC, I did

[09:46] {magoo} out bac .78 TY

[09:46] {magoo} 3k

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

[09:48] {Threei} anyone got AIG on that beautiful drop right into entry??

[09:48] {magoo} missed..where u take it

[09:48] {nemo} magoo missed

06[09:48] * nemo faints

[09:48] {Threei} 34.10

[09:49] {fernp} no. and missed BAC

[09:49] {magoo} nice

[09:49] {magoo} read on HGSI boss?

06[09:49] * Threei sends coffee to entire room

[09:50] {magoo} BCRX

[09:50] {Threei} none here mags

[09:50] {cosmo} add two shoys here

[09:50] {nemo} coffee???

[09:50] {cosmo} shots

[09:50] {nemo} yeah..gray goose...ketel1

[09:50] {Threei} you guys are confused... we make money, THEN fall asleep

[09:50] {Threei} not the other way around

[09:50] {nemo} oh yeah, look at BCRX nice dip in price and volume

[09:51] {Threei} that's unless you possess the skill to make money in your sleep of course

[09:51] {cosmo} mutual funds do that ...i think

[09:52] {Threei} BCRX, .40 break was setup... I hesitated seeing how it misbehaved earlier

[09:53] {nemo} did it misbehave, or just follow the market?

[09:53] {Threei} I don't think it has much to do with market at this point, momo is too fresh

[09:56] {magoo} HGSI vad

[09:57] {Threei} mags, there are no technicals to it

[09:57] {magoo} i know

[09:57] {magoo} has ythe look

[09:57] {Threei} what do youy want from me, to call it a momo? :)

[09:57] {Threei} it is

[09:57] {magoo} cranky

[09:57] {magoo} ud be a hero if u did

[09:58] {Threei} it has 20 look

[09:58] {Threei} catch a pullback

[09:58] {fernp} LTD interesting daily breakout

[09:59] {nemo} rimm forming symmetrical triangle

[10:00] {Threei} AUG CONSUMER CONFIDENCE: 54.1 V 47.9E

[10:02] {fernp} out LTD +.28

[10:02] {Threei} wtg

[10:03] {fernp} ty

[10:03] {Threei} is it me or quotes just died?

[10:03] {dptl} laser..out

[10:03] {nemo} check your pulse

[10:03] {nemo} laser fine for me

[10:04] {larisa} fine here

[10:04] {nemo} canucks

[10:04] {Threei} our route then dp

[10:04] {Threei} ploy against Canada

[10:04] {nemo} commie bastards

[10:04] {Threei} back up now

[10:05] {Threei} and I was wondering how come fern profited form a stock that doesn't move, lol

[10:05] {fernp} lol

[10:07] {dino} scanners red fwiw

[10:12] {Threei} JUN HOUSE PRICE INDEX M/M: 0.5% V 0.4%E

[10:12] {Threei} - Q2 House price index Q/Q: -0.7% v -0.4%e

[10:12] {Threei} - Prior MoM revised to 0.6% v 0.09% prior

[10:12] {Threei} - Home prices -5% in 12 months ended in June

[10:15] {dino} sm s pwrd .80

[10:15] {wulff} like BCRX short

[10:15] {dino} bstop .06

[10:21] {Threei} Long Setup: HGSI .65 if stays above .50

[10:22] {magoo} i

[10:23] {dino} pwrd bstop to b/e

[10:23] {dino} to .70

[10:23] {dino} mkt bounce

[10:24] {Threei} wow

[10:25] {Threei} stubborn seller at .65

[10:25] {dino} cov .50, +.30

[10:25] {Threei} got steamrolled finally

[10:27] {dino} strange, china -2.5% china amer. listed up

[10:28] {Threei} 1:1 is close enough for partial, HGSI

[10:28] {Threei} market reversed down, let's not be too anal-retentive about couple cents

[10:28] {Threei} me half out and stop to under .60 for the balance

[10:30] {fernp} ty HGSI, Vad

[10:30] {Threei} :)

[10:36] {Threei} 1:2

[10:36] {Threei} me out and happy

[10:36] {dino} back in 30 or so, r.e. issues

[10:37] {Threei} you and whole country, dino

[10:37] {dino} buying today

[10:37] {magoo} internet crasjh

[10:37] {magoo} i here?

[10:37] {Threei} yes

[10:39] {Threei} did HGSI for 1:2 mags?

[10:39] {magoo} still in..just got running

[10:39] {Threei} ok... I am out

[10:39] {Threei} wulff... shorted your BCRX?

[10:40] {wulff} missed

[10:40] {wulff} might redo

[10:41] {magoo} out hgsi

[10:41] {magoo} ty vas

[10:46] {magoo} vad..lets watch hgsi vad another bounce

[10:48] {magoo} vasilee?

[10:49] {magoo} [10:41] {magoo} ty vas

[10:49] {Threei} sigh

[10:50] {Threei} you reely shool hav taken lesons from my typin teeecheer

[10:53] {magoo} i took the speed cousrres

[10:53] {magoo} lkdzxfnfdslk

[11:01] {nemo} this is feeling like yesterday...which means it won't be

[11:24] {dino} back

[11:24] {nemo} happy day

[11:25] {dino} bidding, we'll know in a week

[11:25] {nemo} where is it?

[11:26] {dino} ne pa, foreclosure

[11:26] {nemo} multi or single?

[11:26] {dino} single, 2200 sq, 2 story

[11:27] {dino} enough tho, time to trade

[11:28] {dino} ouch npwz

[11:28] {magoo} HGSI

[11:36] {patience} .

[11:36] {Threei} good point

[11:38] {Threei} not to put too gine point at it, but I'd really like to point out how good the point is, and do so in a pointed fashion

[11:39] {dino} point well taken

[11:40] {nemo} I think I prefer him in a coma

[11:40] {Threei} {patience} at what point did I subject myself to this, and what's the point of aall this?...

[11:41] {nemo} oh great, meaning of life questions

[11:44] {Threei} lol

[11:44] {Threei} Credit Suisse Raised 036570.KS to Outperform from Underperform

[11:44] {Threei} good... how do we trade THAT?

[11:44] {nemo} 3.1416

[11:45] {dino} neu up to games again

[11:45] {Threei} European Aeronautic Defence & Space Co. WTO reportedly come to conclusion on case over EU aid to Airbus on Sept 4; results will not be immediately available to public - unconfirmed report

[11:45] {Threei} - US was complaining about the aid Airbus receives from countries in Europe

[11:46] {Threei} that's something to potnetially impact BA, no?

[11:46] {nemo} that will be until Boeing goes for a bailout

[11:46] {nemo} ooohhh....great minds

[11:46] {Threei} frightening thought

[11:46] {nemo} yeah...for you

[11:46] {Threei} well, .60 for BA...

[11:47] {Threei} break point with .50 as support

[11:47] {nemo} news may have already been out, look at the stock today

[11:47] {Threei} just looking at the chart

[11:47] {Threei} not going off news

[11:48] {Threei} news is meaningless since they don't disclose the decision anyway

[11:49] {dino} ba complaining because they have problems keeping the wings on their dreamliner

[11:50] {dino} wcn drop

[11:52] {dino} not enough

[12:07] {nemo} ag popped

[12:07] {larisa} AIG HGSI woke up

[12:07] {Threei} like someone pushed momo button somewhere

[12:08] {Threei} is BCRX next?

[12:08] {nemo} had nice formation on both 1 an 5 minute

[12:08] {Threei} FDA reportedly creating a panel for Tobacco oversight

[12:08] {Threei} - Reminder: in June US Congress granted the FDA approval to regulate the tobacco industry

[12:09] {Threei} 75% Worried That Gitmo Closing Will Set Dangerous Terrorists Free

[12:09] {Threei} other 25% think they are rehabilitated?

[12:10] {nemo} so conservatives think they're dangerous and liberals think they're rehabilitated

[12:11] {Threei} HGSI is determined to get to that 20

[12:11] {Threei} and probably higher

[12:11] {dino} neu taunting me

[12:12] {Threei} that's magoo in dusguise, dino

[12:12] {dino} lol, no he just pisses me off

[12:12] {Threei} rofl

[12:13] {Threei} let's see wqhere HGSI bottoms out

[12:13] {dino} missed svr short at 19.48, only hit .41

[12:13] {Threei} to staructure breakkout setup

[12:14] {Threei} Long Setup: HGSI .50 break

[12:14] {nemo} popped at the same time aig did

[12:14] {magoo} in .16

[12:14] {Threei} I guessed as much mags

[12:14] {magoo} i take more .50 break

[12:14] {Threei} AIG

[12:15] {Threei} this pullback is attractive

[12:15] {magoo} as attractive as dino?

[12:15] {dino} not possible

[12:16] {nemo} oy

[12:16] {dino} :)

[12:18] {fernp} .35 invalidate HGSI?

[12:18] {Threei} .30 - .35, yeah

[12:18] {Threei} gotta give it a little leeway for its natural volatility

[12:19] {magoo} id take HGSI on pllbkn

[12:19] {Threei} Long Setup: AIG .20 if sdtays above .10

[12:19] {magoo} its going over 20or my name isnt vasilee

[12:19] {Threei} I see what you mean dino... {G}

[12:20] {Threei} come on HGSI

[12:20] {Threei} break

[12:20] {Threei} you want it badly

[12:21] {nemo} shwoa

[12:21] {magoo} took more

[12:21] {magoo} .50

[12:21] {magoo} i got millions

[12:22] {magoo} of shares that ois

[12:22] {magoo} is truilliond

[12:22] {fernp} out TY Vad

[12:22] {Threei} :)

[12:26] {Threei} half out for me here

[12:26] {Threei} .76

[12:26] {magoo} .87 here looking for

[12:26] {Threei} offering balance at .95

[12:28] {magoo} out .81

[12:28] {magoo} changed mind

[12:28] {magoo} will reenter most proprieably

[12:28] {jmb} Thanks Vad

[12:29] {Threei} welcome

[12:30] {Threei} direct hit

[12:30] {Threei} out +.43

[12:30] {Threei} rare case where momo mover gave purely technical setup

[12:31] {Threei} look at 1 min, .50 break

[12:31] {Threei} picture perfect

[12:31] {magoo} nice one boss:)

[12:34] {magoo} vad./.we make goodf team sometimes...so pass over the vodka

[12:34] {Threei} sure thing

[12:35] {Threei} just make sure nemo is nowhere around, or we will have to fight him for each shotglass

[12:35] {nemo} yep

[12:35] {Threei} and watch dp waking up

[12:36] {magoo} MTXX

[12:36] {Threei} MTXX Strength attributed to speculation the Co. could receive a favorable determination on Zicam from the FDA

[12:36] {Threei} - reminder: in June the company conducted a voluntary recall of Zicam cold remedy nasal gel and gel... (5.64, +0.58, 11.46%) more...

[12:37] {dino} i remember that trade, painful

[12:37] {Threei} yeah, loss of smell

[12:39] {Threei} HGSI

[12:39] {Threei} back into support for bounce

[12:40] {Threei} MTXX has it

[12:40] {Threei} watch it to get a feel for these patterns

[12:41] {magoo} going vertical

[12:41] {Threei} how deep pillbacks are, how it acts after breaks

[12:41] {Threei} buold your idea of the way to play momos

[12:41] {Threei} as I said before, we will have more of these

[12:41] {Threei} so use these early birds to study

[12:42] {Threei} the idea here is, in most cases I won't be able to call exact entries on thewm

[12:42] {Threei} it's rare case when they form such perfect setups as HGSI just did

[12:43] {Threei} so, as soon as we identify a stock as momo play, you need to be able to observe it jst briefly in order to come up with the way to play it,

[12:43] {Threei} and it requires watching them for a while to get a feel for them.

[12:43] {Threei} Then we all will be like many little magoos

[12:44] {Threei} (dino is frightened by this perspective but what can we do...)

[12:45] {Threei} rofl... see the post by Laser admin?

[12:45] {Threei} one more in bad need of typing lessons...

[12:45] {dino} show me the exit

[12:45] {larisa} was wondering why they calling me dude :)

[12:45] {Threei} lol larisa..

[12:45] {Threei} hehe dino

[12:45] {Threei} 12:44:19 ADMIN37 --} (All): Dude to system problem...

[12:46] {larisa} did you play HGSI off .60 ?

[12:46] {dino} sometimes i feel unappreciated

[12:47] {Threei} no larisa, but not for trading reasons

[12:47] {Threei} dino... sometimes? you are lucky one

[12:49] {Threei} Las Vegas median home price fell to $130K in July

[12:49] {magoo} yea..its hard being magoo

[12:51] {dino} scanners going red

[12:51] {Threei} there is an auction result to be announced

[12:51] {Threei} at 13:00

[12:51] {Threei} one of those larisa...

[12:52] {Threei} that we never know how to interpret

[12:52] {dino} glv

[12:52] {nemo} so, watch tbt, tlt, fas, faz?

[12:54] {dino} or tv

[12:54] {nemo} don't quit your day job

[12:56] {dino} lol

[12:56] {nemo} tbt and fas falling interesting

06[12:58] * magoo slaps Threei around a bit with a large trout

[13:01] {Threei} TREASURY'S $42B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.68 V 2.75 PRIOR AND 2.63 AVE OVER LAST 10 AUCTIONS

[13:01] {Threei} - indirect bidders take % of competitive bids

[13:01] {nemo} it's 1:01 Vad, wheres the news

[13:01] {nemo} cool

[13:02] {Threei} indirect bidders take 49.4% of competitive bids

[13:02] {Threei} - notes draw 1.119% with %92.3 alotted at th

[13:02] {nemo} oh, notes...no big deal

06[13:02] * Threei slaps nemo around a bit with a large rock with Be Patient! sign carved on it

06[13:03] * magoo slaps Threei around a bit with a large trout

[13:03] {magoo} .

[13:03] {dino} cisg sm s .38

06[13:08] * nemo pulls the granite chunks out of his ear

[13:17] {magoo} im writing a book.."the games, the foolery..the lies..of the modern market"

[13:18] {Threei} I will be happy to read it - providing our typing teacher approves it first

[13:18] {magoo} a day in the life of a modern daytrader

[13:21] {Threei} Chapter 1: Coffee

[13:21] {Threei} Chapter 2: Vodka

[13:21] {Threei} Chapter 3: Coffee with Vodak

[13:22] {Threei} Chapter 4: Vodka with Coffee

[13:22] {nemo} Chapter 5: Bathroom Visit

[13:22] {nemo} Vad, you kick the plug

[13:22] {magoo} chapt 6: alarm clock wakes u up

[13:23] {Threei} Citigroup Inc US Judge dismissed class action lawsuit against company; allows amendment to complaint by plaintiffs

[13:23] {Threei} - Suit alleged Citigroup caused its stock to plunge by making risky investments in subprime mortgages which led to large writedowns.

[13:31] {dino} ahhh, it's jamisons' w/coffee

[13:33] {nemo} amazon closes gap

[13:35] {nemo} oil sees some profit taking

[13:35] {Threei} the more the merrier

[13:35] {Threei} may we see profit taking all the way down to 30?

[13:36] {nemo} depends on how much profit taking we see on the $

[13:39] {magoo} hg seems detemined

[13:41] {dino} cisg bstop to .31 stuck

[13:42] {dino} igk drop

[13:42] {dino} aef too

[13:48] {Threei} Opinion (and we know what they say about those):

[13:48] {Threei} As a percentage of GDP current national debt is at about the same level as it was during the Eisenhower administration. This is not good but the U.S. has managed much higher debt levels in the past (120% of GDP during WWII) and other countries have rebounded from much worse debt situations in recent history.

[13:56] {magoo} drilklung HGSI vad

[13:56] {nemo} WHAT???

[13:56] {Threei} I am sorry... HGSI does WHAT??

[13:56] {nemo} So it isn't just me

[13:56] {magoo} drilling ROFLOL

[13:56] {Threei} no, not this time anyway

[13:56] {nemo} or killing?

[13:57] {nemo} what, you Swedish or somethin'

[13:57] {Threei} GOOG YouTube to begin insertion of ads on popular user generated videos; to share revenue with uploaders - CNBC

[13:57] {dino} fwiw, japans' debt is much higher percentage. doesn't matter until it does, imo

[14:00] {nemo} yeah, I've been a victim of those youtubes

[14:03] {dino} did cisg get wide or what

[14:03] {dino} hmm not now

[14:03] {dino} was just .08-.21

[14:10] {Threei} didn't watch it at the moment, but it's so thin, can do it easily

[14:12] {dino} cov cisg .25, +.13

[14:13] {Threei} 79% Know Someone Out of Work and Looking for Employment

[14:13] {Threei} the rest 21 live deep in the forrest and never meet another human being

[14:15] {nemo} RIMM FCX DBs?

[14:16] {Threei} RIMM, .50 break is valid attempt

[14:16] {Threei} if holding .35

[14:17] {Threei} FCX .85

[14:17] {Threei} if holding .70

[14:17] {Threei} I am not overy enthusiastic about either

[14:17] {Threei} not because I don't like them...

[14:17] {nemo} no, everything so slow, charts look good

[14:17] {Threei} it;s just not very compelling

[14:19] {magoo} MTXX keeps going

[14:21] {Threei} RIMM 1:1

[14:22] {nemo} would have been...you didn't give it the Vad seal of approval

[14:22] {Threei} shrug

[14:22] {Threei} you likey - you takie

[14:22] {Threei} I said, it was valid

[14:22] {nemo} not compelling

[14:22] {Threei} and my personal preference was to stay in coma

[14:23] {Threei} MTXX is likely to contunue

[14:23] {Threei} .55 breakl has some resemblense of a setup

[14:25] {dino} aef l .66

[14:25] {magoo} i took hgsi long .55

[14:25] {magoo} oops .60

[14:37] {dino} stopped -.16

[14:43] {Threei} if willing to start trying,

[14:43] {Threei} MTXX .40 break

[14:43] {Threei} with stop under .30

[14:44] {dino} intu l .20

[14:47] {dino} svr

[14:51] {Threei} over 1:1

[14:51] {jmb} Thanks Vad

[14:51] {Threei} welcome

[14:51] {Threei} 1:2

[14:59] {dino} zzzzzzzzzzzzzzzzzzzz

[15:06] {dino} hl l igk .75

[15:16] {wulff} have you noticed that alot of the moves are coming during the lunch hour

[15:16] {nemo} gotta' go...look at that beautiful rimm volume spike at 2:39

[15:17] {Threei} some of momo moves yes wulff

[15:22] {wulff} WFC short into close?

[15:24] {Threei} I wouldn't

[15:29] {Threei} kept last 300 shares of MTXX in case of last minutes run

[15:29] {Threei} out at .78

[15:30] {dptl} have a good evening all

[15:30] {Threei} take care dp

[15:30] {Threei} ALTH

[15:30] {Threei} ALTH CEO: Hoping for a Sept 24 Pralatrexate approval by the FDA in treatment of peripheral T-Cell lymphoma

[15:30] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a m... (7.94, -0.04, -0.50%) more...

[15:31] {Threei} - Sees current stock prices as non representative of company's value; currently looking for a marketing partnership

[15:31] {wulff} 1:1 on ficticious WFC

[15:32] {larisa} vad needs to work on exits, high on HGSI 19.98 and exit was at .95, now MTXX .78 when high is .79 :) so not perfect

[15:33] {Threei} I pride myself in having beauty fly

[15:33] {Threei} little flaw that just underlines the perfection

[15:34] {dino} sometimes we expect too much

[15:34] {Threei} MTXX should have another run in it...

[15:35] {Threei} The Goldman Sachs Group Inc Ticking lower after reports of Mass AG subpoena over dissemination of 'trading tips'

[15:35] {Threei} - Earlier in the week press reports indicated regulatory bodies were looking into how GS disseminated information in 'trading huddles' to select clients

[15:45] {Threei} MTXX becomes ahrd to resist, lol

[15:45] {Threei} very good day, don't want to spoil it

[15:45] {Threei} but such pullback...

[15:46] {dino} out intu .30, +.10

[15:46] {Threei} wow, .79 is really the top

[15:50] {fernp} good evening all. see u tomorrow

[15:50] {Threei} take care fern

[15:52] {dino} cya fernp

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

[15:54] {Threei} making myself to leave before I put a flaw in this day :)

[15:54] {Threei} have a great evening, see you tomorrow

[15:54] {dino} cya 3i

[15:54] {larisa} bye:)

[15:59] {dino} out igk .70 -.05

Aug 24 2009

Not bad start for the week with a few scalps, and couple small stops. BCRX momentum play didn't hurt either.

Session Time: Mon Aug 24 00:00:00 2009

[08:31] {Threei} CPST Receives Order for Three C800 Microturbines for Brazilian Wastewater Treatment Plant

[08:31] {Threei} - The total order value is in excess of two million dollars and is the first sale of Capstone C800 m... (1.02, 0.00, 0.00%) more...

[08:31] {nemo} a whole 3

[08:46] {Threei} what

[08:47] {Threei} s with RTK

[08:47] {Threei} I don't see any news

[09:01] {KSystems} Hello :)=

[09:01] {Threei} KS :)

[09:01] {nemo} Gruess dich

[09:02] {cosmo} MELA: Electro-Optical shares could rise 50 pct - Barron'sat Reuters(Sun 1:14pm)

[09:03] {cosmo} If approved by the FDA, the handheld MelaFind device made by Electro-Optical Sciences will revolutionize the way patients are screened for skin cancer.

[09:04] {fernp} good morning everybody

[09:04] {cosmo} pre mkt high = 10 so far

[09:04] {Threei} cosmo, fern :)

[09:04] {cosmo} :)

[09:05] {Threei} so, sock jumps on suggestion about what could happen if FDA approves

[09:05] {Threei} stock too

[09:06] {cosmo} fickel....huh?

[09:06] {nemo} fickle even

[09:07] {Threei} I just wonder where it would be trading now if article suggested where it would be headed if FDA says no,

[09:07] {Threei} and if article gave both scenarios

[09:10] {dptl} good morning

[09:10] {Threei} dp :)

[09:13] {magoo} mornink comrades {an oldie lol}

[09:13] {nemo} da

[09:13] {Threei} magoo :)

[09:13] {Threei} AIG has 35 in sight again

[09:14] {magoo} AIG vad

[09:14] {Threei} RTK traded at 2.40 earlier

[09:14] {magoo} if gets thru and momo..38 possible

[09:14] {Threei} 2.55 area is break level

[09:14] {magoo} any news on AIG?

[09:15] {Threei} Yesterday 22:03 AIG Taiwan's ChinaTrust may partner with funds in Japan to bid for Nan Shan Life Insurance unit - Commercial Times

[09:15] {Threei} - Further details not disclosed

[09:16] {magoo} vad, lets follow it..dont want to miss another rip up

[09:16] {Threei} Sunday, August 23, 2009 8:55:51 PM

[09:16] {Threei} FT looks at how government investments in financial companies have performed

[09:16] {Threei} - The UK government is carrying the biggest losses among governments on their bailouts.

[09:16] {Threei} - US government has paper profits of about $11B from its stake in Citigroup.

[09:16] {Threei} - Also, the Swiss government has profited from its stake in UBS.

[09:16] {Threei} - Governments that have acquired equity stakes in listed banks in the past 12 months are carrying combined losses of $10.8B

[09:16] {Threei} - The UK government is carrying a loss of 3.3B.

[09:16] {Threei} what to follow... 35 break is obvious long trigger,

[09:17] {Threei} problem is risk is way higher than anyh normal call carries

[09:17] {Threei} ACOR FDA has reportedly scheduled a review for multiple sclerosis drug on OCt 14 (23.61, 0.00, 0.00%)

[09:18] {magoo} yea..agree...so lets make it clear now its a risky as hex call..

[09:18] {nemo} so...it's a "Magoo"

[09:19] {nemo} Hi Lari

[09:20] {larisa} gm :)

[09:20] {Threei} larisa :)

[09:21] {larisa} :)

[09:27] {magoo} LVS vad

[09:28] {nemo} aig broke 35

[09:28] {Threei} no news

[09:28] {cosmo} mela

[09:28] {dino} gm all

[09:28] {Threei} dino :)

[09:28] {cosmo} may want 10

[09:28] {cosmo} ...may not...

[09:28] {nemo} may too

[09:30] {cosmo} testing

[09:30] {nemo} you there cosmo

[09:30] {cosmo} in a sence...

[09:30] {nemo} seance?

[09:31] {cosmo} soon maybe

[09:31] {cosmo} :)

[09:31] {nemo} get some lottery numbers

[09:31] {cosmo} 10

[09:31] {Threei} Long Setup: RTK .40 break

[09:31] {Threei} if stays above .30

[09:31] {Threei} AIG sharp dive

[09:32] {Threei} this bar shows just how risky it is

[09:32] {Threei} Long Setup: FITB .13

[09:33] {Threei} if stays above .05

[09:37] {Threei} Long Setup: WFC .40 break

[09:37] {Threei} if stays above .30

[09:44] {nemo} db on FITB?

[09:45] {Threei} Long Setup: AIG .55 break half lot

[09:45] {Threei} if stays above .40

[09:46] {Threei} 1:1 in half second

[09:49] {Threei} OK WFC

[09:49] {Threei} it's time

[09:52] {cosmo} brcd

[09:52] {cosmo} .95 hod

[09:54] {dino} sm l pwrd .50, stop .19

[09:55] {fernp} ty WFC

[09:55] {Threei} 1:1, half out

[09:56] {Threei} stop to under .40

[09:58] {Threei} scalpers win

[10:00] {bluejet} vad, i download mirc. how do i join your room from mirc?

[10:00] {Threei} please ask KSystems for help

[10:00] {dino} tleo

[10:00] {nemo} gotta know the secret handshake

[10:01] {Threei} there is instructions on the website

[10:01] {Threei} try that first

[10:01] {Threei} if no go, KSystem is your guy

[10:01] {Threei} unless he doesn't like you personally for some reason...

[10:02] {bluejet} let me try

[10:02] {Threei} found the instruction?

[10:03] {Threei} Long Setup: BC .70 if stays above .55

[10:04] {nemo} this thing has been on a monster run

[10:07] {cosmo} brcd tests

[10:07] {Threei} AIG is holding up there so stubbornly

[10:08] {dino} sm risky, s tleo .40

[10:09] {dino} bstyop is .73

[10:12] {dino} tleo stopped, animal

[10:13] {dino} dumb stop area should have been .76

[10:22] {dino} ntap l .70, stop .59

[10:28] {magoo} FNM FRE moving

[10:29] {Threei} I don't see any news

[10:29] {fernp} FITB stop is still under .05?

[10:29] {nemo} they've been moving big the last couple of weeks

[10:29] {Threei} discretionary... hard to tell

[10:30] {Threei} this is explosive move right now

[10:30] {Threei} it's caused by something

[10:30] {Threei} not just general market

[10:33] {wulff} I hold HGSI for two weeks, sell it this morning and ....

[10:33] {dino} neu

[10:34] {nemo} well, there was that Craig Ventner news over the last few days wulff

[10:39] {Threei} HGSI Hearing takeover chatter circulating

[10:39] {Threei} - Glaxo rumored as potential acquirer with price chatter around $30 (16.75, +0.30, 1.82%) (related GSK )

[10:42] {nemo} aig, huge block at .40

[10:45] {nemo} broke the block

[10:48] {dino} ntap out flat

[10:55] {dino} sm s tleo .65

[11:02] {magoo} C vad approaches 5]

[11:02] {magoo} 5

[11:02] {Threei} on't tell me you want to play C

[11:03] {Threei} this is kind of stocks for calling which you always yelled at me

[11:03] {Threei} even FRE/FNM have bigger range today

[11:09] {fernp} BAC pullback, Vad?

[11:10] {Threei} closer to 18 I'd feel safer

[11:10] {fernp} ty

[11:17] {magoo} HGSI vad

[11:17] {magoo} trying

[11:26] {dino} cov tleo .35, +.30

[11:32] {nemo} whoever is in a coma say "I"

[11:36] {dino} sm s cisg .25

[11:50] {Threei} AIG starts forming that quiet base

[11:50] {Threei} immune to downard pressure in the market

[11:55] {dino} sm s ntls .00

[11:56] {magoo} aig vad...i think it tests the higfh today

[11:56] {magoo} just not sure when

[11:57] {dino} pwrd stopped -.32

[11:58] {Threei} my feeling too

[11:59] {Threei} BAC is almost ready

[11:59] {Threei} my best guess fern:

[11:59] {Threei} loss of .90, quick dive, then bounce

[12:00] {fernp} let's try

[12:00] {Threei} in .89

[12:00] {Threei} ridiculously tight stop

[12:00] {fernp} .90 here

[12:01] {Threei} just a scalp

[12:02] {fernp} under .85 stop?

[12:02] {Threei} yup

[12:06] {fernp} out here. TY

[12:06] {Threei} :)

[12:09] {Threei} out .96

[12:09] {Threei} commissions wise, scheme worked like charm

[12:09] {Threei} GETCO in, no ECN charge,

[12:09] {nemo} getco

[12:09] {Threei} ISLD out at the offer, ECN rebate

[12:09] {fernp} very good job. ty again

[12:09] {Threei} cutting into commissions itse;f

[12:18] {Threei} if you feel like trying a few, AIG break .60 is first signal

[12:18] {Threei} if holding .50 of course

[12:22] {nemo} so, with getco we've gone to the darkside of evil flashtrading?

[12:24] {nemo} tough crowd

[12:24] {Threei} terminology from some other universe

[12:25] {nemo} yeah, the masses

[12:25] {Threei} let's call it Universe of Conspiracy

[12:25] {Threei} vs Universe of Reality

[12:25] {nemo} pabulum of the paranoid

[12:26] {Threei} the only place where we intersect if chronoclastic infundibula

[12:26] {Threei} if = is

[12:26] {nemo} you o.k.? that's an awful lot of syllables for you

[12:27] {Threei} August takes its toll

[12:42] {dino} bstop cisg to .88

[12:42] {dino} stopped +.37

[12:47] {dino} pwrd sm l .01

[12:47] {Threei} AIG hit 1:1 btw

[12:48] {dino} gj impaler

[13:05] {Threei} BAC next bounce is coming soon

[13:09] {dino} pwrd stopped -.-05

[13:11] {Threei} in .55

[13:11] {Threei} stp under .50

[13:14] {Threei} STI CEO: Hopes to repay TARP as soon as possible; commercial real estate may deteriorate further, banks are "a long way from victory" (22.77, +0.13, 0.57%) (related XLF )

[13:15] {Threei} judging from stock move, Hopes" doesn't buy much, lol

[13:15] {Threei} stopped BAC

[13:16] {Threei} - Sees credit losses continuing, does not expect banks to improve in the near future

[13:19] {Threei} shakeout

[13:24] {bluejet} vad, now I can connect using mirc. how do i get a sound alert?

[13:25] {Threei} nemo... can you help?

[13:28] {dino} wow did i cover too soon cisg

[13:29] {nemo} oh yeah

[13:29] {nemo} general sound alerts are under tools=}sounds

[13:30] {nemo} if you want to create a sound alert for Vad's blather,

[13:30] {nemo} right click on his nick

[13:31] {nemo} pick "Ucentral"

[13:31] {nemo} last tab on the right should have "highlight"

[13:31] {nemo} that will allow you to create custom sound notices

[13:33] {nemo} how's that bluejet?

[13:34] {dino} intu l .25

[13:39] {dino} pwrd rinsed

[13:39] {nemo} vad, whaddya' make of the dripping volume on the bac move up

[13:40] {nemo} oh...looks like .65 level brought in volume

[13:40] {nemo} dripping=dropping

[13:40] {Threei} they all move with market at the moment

[13:40] {Threei} not on their own setups

[13:43] {dino} they all float down here

[13:43] {nemo} aig not really following

[13:43] {nemo} lagging anyway

[13:47] {Threei} BCRX...

[13:47] {Threei} (US) White House: Current H1N1 flu strain poses a serious threat to the US

[13:47] {Threei} - Follow up 1:00pm : White House science advisors are advising US to accelerate stockpiling of H1N1 vaccine. Advisors ask the FDA to speed up decision on intravenous flu drug formulas.

[13:47] {Threei} that was at 12:25

[13:48] {Threei} darn thing didn't move till 13:18

[13:52] {dino} out intu .35, +.10

[13:52] {bluejet} Nemo, thanks. I didn't see "highlight" when I right click on someone's nick name?

[13:53] {nemo} click on "ucentral" which will bring up a box with a "highlight" tab

[13:53] {bluejet} where can I find this ucentral thing?

[13:53] {nemo} well, right click on my username

[13:54] {nemo} third line down should say "Ucentral"

[13:54] {dino} more right

[13:54] {bluejet} I only see "Query"

[13:54] {nemo} huh? he might have a different version

[13:54] {nemo} nothing right below query?

[13:55] {bluejet} Ok. I think "highlight" is under "info" tab. Thank you very much, Nemo

[13:55] {nemo} maybe in your version

[13:57] {nemo} gotta' go....c u 2morrow...oh here's a throwback...."same bat time, same bat channel...

[13:57] {nemo} that is since, vad is the "impaler"

[13:58] {dino} cya nemo

[13:58] {dino} lol

[14:01] {Threei} 82% Oppose Decision To Release Lockerbie Terrorist

[14:01] {Threei} the rest 18% are terrorists?

[14:03] {dino} bingo! how could they release that mass murderer, disgusting

[14:06] {Threei} amontg those who applied for parole 6 were refused

[14:06] {Threei} I want to know what those did

[14:06] {Threei} murdered 1 million each?

[14:06] {dino} indeed

[14:07] {dino} humanitarian reasons my azz, this guy doesn't deserve to be a human

[14:18] {dino} neu spike, wide

[14:25] {dino} v sm s .20

[14:25] {Threei} Long Setup: BCRX .50 break if stays above .35

[14:34] {magoo} in..motrew than scalp?

[14:34] {Threei} motrew?

[14:34] {Threei} well

[14:34] {Threei} Ithink so

[14:34] {Threei} going to partial

[14:34] {Threei} 1:1

[14:34] {Threei} half out

[14:38] {Threei} scalpers win again

[14:41] {dino} ntls wore me out, out flat

[14:44] {dino} eslt

[14:44] {Threei} IMF's Lipsky: There are clear signs of renewed global growth, progress is being made in overcoming the crisis

[14:44] {dino} thin

[14:44] {Threei} that's a relief

[14:45] {Threei} if after all the trilions trown at it they wouldn't have made any progress, well...

[14:50] {dino} neu cover flat, bad entry

[14:57] {Threei} http://www.realitytrader.com/photography/2009/08/walk-into-ocean.html

[14:57] {dino} mxm bit wide

[15:00] {dino} f'ng ntls, wait all day, nothing moves, cov, then drops .12

[15:09] {dino} neu same, ugh!

[15:10] {dino} too timid on my shorts today, all would have worked very well

[15:11] {Threei} yeah

[15:11] {Threei} well, we had uptrend only for sao long

[15:11] {Threei} tough to retune on the go in one day

[15:19] {dino} darn partials, l aef .07

[15:22] {fernp} nice photos, Vad

[15:22] {Threei} ty

[15:22] {fernp} thinking make a trip to your city one day of these

[15:23] {Threei} you'll love it

[15:25] {magoo} BCRX

[15:26] {Threei} no freash news

[15:26] {Threei} seems there is a lot of tension under it

[15:26] {Threei} becomesd a momo runner

[15:28] {magoo} any play?

[15:29] {Threei} like any typical momo, feeling based

[15:29] {magoo} any feel?lol

[15:38] {dino} feeling tired

[15:46] {Threei} something makes me think magoo made about 15 BCRX trades by now

[15:47] {magoo} :)

[15:47] {Threei} more??

[15:47] {magoo} in

[15:50] {Threei} US Attorney General Holder formally orders a review of alleged abuses of terror suspects

[15:50] {Threei} - appoints prosecutor Durham to lead the review.

[15:50] {Threei} - reminder: President Obama has expressed the opinion that the review should not take place, but Holder given indications over the last several months that he has been moving toward launching the probe despite the President's stance.

[15:51] {Threei} I can't believe the degree of polarixation the country

[15:52] {Threei} good job on BRCX mags

[15:53] {Threei} NVAX lags

[15:57] {Threei} catching up now

[15:57] {Threei} well... far from it but trying

[15:57] {dptl} have a good evening all

[15:57] {Threei} take care dp

[15:58] {Threei} mags, 2 min left

[15:58] {Threei} don't get too involved :)

[16:00] {Threei} okay guys

[16:00] {Threei} hank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {fernp} good day here. ty all. good evening

[16:00] {larisa} hank you too of course :) :)

[16:00] {Threei} lol

[16:00] {fernp} lol

[16:01] {Threei} wow

[16:01] {Threei} NAVR Files $20 Million Shelf Registration Statement

[16:01] {Threei} NAVR is still around??

[16:01] {Threei} momo stock of 1998

[16:02] {dino} gn all, thx

Aug 21 2009

Just waiting for the summer to end.

Session Time: Fri Aug 21 00:00:00 2009

[08:49] {nemo} well the rally continues

[08:53] {Threei} why wouldn't it

[08:54] {nemo} I wasn't looking for a reason

[08:54] {Threei} broad call for reversal was too, ummm, broad

[08:54] {nemo} yeah

[08:54] {nemo} By the way...a preemptive "You're home already, Vad"

[08:56] {Threei} sigh

[08:58] {cosmo} BRCD

[08:58] {nemo} aig

[09:00] {cosmo} * Fiscal Q3 revenue $493.3 mln, lower than estimate and Q2

[09:00] {cosmo} * EPS excluding items $0.12 vs Street view $0.11

[09:00] {cosmo} * Shares fall 5.6 pct after-hours

[09:00] {cosmo} * CEO says predicting recovery "like grabbing water"

[09:01] {cosmo} what goes down, must float up

[09:01] {cosmo} sorta

[09:04] {Threei} hmmm

[09:04] {Threei} dunno cosmo

[09:04] {Threei} I just tested your theory

[09:04] {magoo} morn

[09:04] {cosmo} what gets pushed down, must float back up?

06[09:04] * nemo slaps magoo around a bit with a large trout

[09:05] {Threei} aside of hitting my toe, iron didn't do any good after falling down,

[09:05] {Threei} certainly no slightest attempt to float up

[09:05] {Threei} magoo :)

[09:05] {magoo} so vad..what was verdic on getco rte?

[09:05] {cosmo} use an empty, sealed vessel....

[09:06] {Threei} great if there are shares at the price you want,

[09:06] {Threei} instant fill or kill, speed is next to lightening,

[09:06] {Threei} saves a bunch on pass-through,

[09:07] {nemo} no secondary routing though

[09:07] {Threei} since you'd have to try another route if there are no shares on GETCO, and at the time being there is no routing out on it,

[09:07] {Threei} best way to use it is:

[09:07] {Threei} set hot key for it and for the second route,

[09:08] {Threei} so you can hot both of them in a quick succession if GETCO doesn't get you shares,

[09:08] {Threei} probably forget it if there is a very fast stock you want

[09:09] {Threei} not because it's slow but because you'll lose some time on an attempt

[09:10] {Threei} We will be able to use it to its full advantage when Bear delivers smart route that goes to GETCO first,

[09:10] {Threei} then switches to other routes

[09:12] {magoo} ok

[09:12] {Threei} in case you want to try, I set keys:

[09:12] {Threei} Shift+G to buy on GETCO,

[09:13] {Threei} Shift + B market buy smart route,

[09:13] {Threei} Ctrl+G to sell on GETCO,

[09:13] {Threei} Ctrl+S market sell smart

[09:14] {magoo} what u watching?

[09:14] {magoo} rtk may be a play

[09:14] {Threei} can add anything you want to bid, offer, use other routes etc, as long as you can remember them, but the general idea is:

[09:14] {magoo} CRM too

[09:14] {Threei} all buys start with shift, all sells start with Ctrl

[09:17] {Threei} Fed's Bullard: Antendees of the Jackson Hole symposium are "cautiously optimistic" - TV interiew

[09:17] {Threei} - States that the economy is on track to see positive growth in 3rd and 4th quarters

[09:17] {Threei} - Households continue to be very cautious on spending

[09:18] {Threei} I don't see news RTK

[09:19] {dino} gm all

[09:19] {Threei} dino :)

[09:26] {fernp} good morning everybody

[09:26] {Threei} fern :)

[09:27] {Threei} BAC new high on daily

[09:30] {nemo} aig

[09:30] {Threei} 35 yesterday's high

[09:31] {nemo} 34.99 today

[09:31] {nemo} you take that break of .30 mags?

[09:31] {magoo} no

[09:32] {Threei} Long Setup: BAC .40 break

[09:32] {Threei} if holding above .35

[09:33] {magoo} afterhrs AIG got low as 31.40

[09:36] {bluejet} Vad, is BAC long setup still valid?

[09:36] {Threei} no, but may reestablish itself if consolidates in this range

[09:38] {magoo} AIG hammer

[09:38] {nemo} aig support a .25...maybe

[09:38] {magoo} vad bouncer?

[09:38] {Threei} shrug

[09:39] {Threei} BAC is reestablished, but needs market help

[09:41] {nemo} aig, can you say "volatility"

[09:41] {dino} showing gaps 9438,1628,1018

[09:43] {Threei} Preview: Fed Chairman Bernanke scheduled to speak at the Kansas City Fed's annual symposium at Jackson Hole at 10amET

[09:43] {Threei} **the speech topic is "Reflections on a Year of Crisis." A prepared text is expected but there will be no Q&A.

[09:48] {dino} sm s scsc .80, bstop .11

[09:49] {Threei} AIG... impossible to call, but feels like explosion is coming

[09:49] {_phreeboy} s & p at top of consolidation range between 7/31-8/14, do you take that into account?

[09:49] {nemo} ex, or im

[09:50] {Threei} I can't take that into account until it does something: breaks that level or gets rejected

[09:51] {Threei} simply being there is not much indicative by itself

[09:51] {Threei} it's what it does aroiund the resistance that matters

[09:53] {fernp} HIG pullback, Vad?

[09:54] {Threei} market is still selling

[09:54] {fernp} ty

[09:54] {nemo} bac holding .33 support

[09:56] {nemo} when's the jet setter, ese, get back?

[09:57] {wulff} LVS in .10

[09:57] {Threei} HIG should dive closer to .50 now,

[09:57] {nemo} frickin bac

[09:58] {Threei} see if market puts double bottom is, and try to get HIG as close to .50 as possible

[09:59] {Threei} got away

[10:00] {Threei} *JULY EXISTING HOME SALES: 5.24M V 5.00ME (+7.2% M/M)

[10:00] {Threei} - Prior revised from 4.89M to M

[10:00] {Threei} - Median existing home price $ v $K in June, % m/m, -% y/y.more... (related XHB SPY SHY )

[10:00] {nemo} oh boy

[10:01] {Threei} *FED'S BERNANKE: GLOBAL ECONOMY STARTING TO EMERGE FROM RECESSION; RECOVERY TO BE SLOW AT FIRST

[10:02] {nemo} volumes across the board 2X

[10:03] {bluejet} vad, did you take bac?

[10:03] {Threei} no

[10:04] {bluejet} thx

[10:08] {Threei} need some pullbacks to start outlining setups...

[10:09] {magoo} yea

[10:09] {Threei} this sudden spike out of slow selling is not something playable

[10:09] {nemo} housing report

[10:10] {magoo} c rocket vad

[10:10] {Threei} they all are

[10:11] {Threei} which one are you willing to chase?

[10:12] {Threei} .76 if market greens again

[10:12] {Threei} with stop under .70

[10:12] {dino} zumz

[10:12] {magoo} rimm pullbk boss

[10:13] {Threei} need RIMMunder .60 to get interested

[10:13] {magoo} ok..i been off on it basd

[10:14] {Threei} .80 break is possible on it with stop under .60, but more of a crapshoot

[10:15] {Threei} WFC

[10:15] {Threei} Long Setup: WFC .90 break

[10:15] {Threei} if holding above .85 for hardcore sxcalpers

[10:15] {Threei} above .80 for the rest

[10:16] {fernp} in

[10:16] {magoo} in

[10:17] {Threei} C 1:1

[10:17] {nemo} this is going to be a 200 point day

[10:17] {fernp} ty half out

[10:17] {nemo} the euphoria is nuts

[10:17] {Threei} GETCO worked like charm for C entry

[10:17] {Threei} WFC 1:1 for scalpers

[10:18] {bluejet} I pared BAC but missed WFC. Is it possible to play a sound when there is an alert?

[10:19] {Threei} yes

[10:19] {bluejet} how do I set it up?

[10:19] {Threei} who did that recently guys, could you help out?

[10:20] {Threei} oh wait, you are using mibbit

[10:20] {bluejet} yes

[10:20] {Threei} I sdon't think it's doable on it, gotta use mirc

[10:20] {bluejet} OK. I will take a look. Do I still use the same login on mirc?

[10:21] {nemo} mirc is stand alone software you have to set up

[10:21] {Threei} sure, login info is server-based... server doesn't care how you connect

[10:21] {Threei} it sees you, it kicks you out

[10:22] {Threei} well... unless you know magic words, lol

[10:22] {bluejet} I know the magic words. thanks

[10:23] {Threei} me too... kreks peks pheks, isn't it

[10:23] {Threei} ok, never mind... russian fairy tale :)

[10:23] {_phreeboy} thank you wfc :)

[10:24] {Threei} welcome

[10:24] {Threei} not much but heck... when things just spike like this and refuse to pullback, there are no setups

[10:24] {dino} bjk

[10:24] {Threei} WFC just gave an unusually big delay after another market spike

[10:24] {dino} too thin

[10:25] {Threei} lol

[10:25] {Threei} if saomething is too thin for dino, you know it IS thin

[10:25] {nemo} Anall nathrach, oorfas bethud, dorhiel dienvay

[10:25] {dino} lol, look at it 23.83/24.30; 14k

[10:25] {Threei} we speak arameic here now?

[10:25] {nemo} magic words

[10:25] {nemo} Charm of Making

[10:27] {Threei} did C really hit 1:2 over .85? didn't watch it at the time

[10:27] {magoo} yes

[10:27] {magoo} valid

[10:27] {fernp} yes Vad

[10:27] {Threei} cool... C 1:2 then!

[10:28] {Threei} a bit late but heck...

[10:28] {Threei} consider it an indication of me getting slow in my old age

[10:30] {fernp} HIG pulling back

[10:30] {Threei} market pulled back on decreasing volume

[10:30] {Threei} BAC nice drop

[10:32] {Threei} Long Setup: BAC .45 break if holding .40

[10:34] {fernp} in

[10:36] {wulff} where did you enter C?

[10:36] {nemo} .76

[10:36] {Threei} [10:12] {Threei} .76 if market greens again

[10:36] {Threei} [10:12] {Threei} with stop under .70

[10:41] {wulff} options expire day

[10:43] {wulff} expected more out of HURN...

[10:46] {dino} scsc tighten bstop to .30

[10:47] {dino} cov +.50

[10:52] {dino} rbcn

[10:54] {Threei} no go BAC'

[10:54] {fernp} stopped

[11:00] {wulff} end of day predictions?

[11:00] {Threei} wow... 5 hours in advance?? :)

06[11:01] * magoo slaps laserdave around a bit with a large trout

[11:01] {Threei} magoo

[11:01] {Threei} oh, never mind

[11:01] {Threei} you got it :)

[11:03] {laserdave} thanks gooby

[11:04] {magoo} no prob:)

[11:05] {magoo} quote server vad?

[11:06] {Threei} 7

[11:07] {Threei} shakeout BAC...

[11:07] {Threei} rude and generally unpleasant

[11:11] {magoo} short WFC here

[11:11] {magoo} target .fitty area

[11:11] {nemo} whatch .76 area Mags

[11:11] {magoo} in

[11:11] {magoo} .87

[11:18] {magoo} .96 stop

[11:19] {dino} sm s gbx .60

[11:27] {magoo} not liking wfc here

[11:27] {Threei} {WFC} ???.... you... you....

[11:34] {magoo} out...futes may bounce

[11:35] {nemo} you were right at the VWAP on WFC

[11:36] {magoo} dunno..its consolidating

[11:36] {magoo} could break either way

[11:37] {magoo} but bacon moves up

[11:37] {nemo} yeah the 200 period ma is rising but flattening

[11:37] {magoo} so shoulkd follow bacon

[11:37] {magoo} prob a good long here

[11:42] {nemo} How's the coma vad?

[11:42] {Threei} as always

[11:42] {Threei} pleasant

[11:53] {Threei} it's getting personal between me and BAC

[12:02] {magoo} short wfc ,92

[12:02] {magoo} lets try iot again

[12:02] {magoo} .00 stop

[12:16] {magoo} sigh out

[12:16] {Threei} market is absdolutely flatlined

[12:44] {dino} .

[12:44] {nemo} ?

[12:46] {dino} power surge

[12:49] {fernp} have to go. see you all on monday. have a nice weekend all

[12:49] {dino} magoo booted, can't get back

[12:49] {Threei} have a good one fern

[12:49] {Threei} it's almost over

[12:49] {Threei} just a tad more till Labor day

[12:49] {magoo} back

[12:50] {Threei} he can dino... as soon as he rememners his username

[12:50] {dino} lol

[12:50] {Threei} which you would think he should, after all these years

[12:50] {Threei} but no... lookie here:

[12:50] {Threei} 12:46] * magoo_ has joined #discussions

[12:50] {Threei} -----------

[12:50] {Threei} [12:46] * magoo_ was kicked by ChanServ

[12:51] {nemo} volume is creeping up ever so slightly on spy

[12:51] {dino} roflol

[13:10] {dino} kno, thin

[13:13] {dino} scsc l .00, stop .79

[13:24] {magoo} .

[13:41] {dino} i froze that stock, stop to .95

[13:43] {nemo} if the market weren't due for a bounce I'd say RIMM is dangerously close to a short on the 5 minute

[13:44] {nemo} Now I'm outhinking myself...reminds me of the guy in "Princess Bride" deducing whether his drink was poisoned

[13:44] {nemo} ....he died, by the way

[13:45] {dino} scanners red

[13:46] {dino} lol nemo, i remember that

[13:47] {nemo} "I've seen much worse cases than this"

[13:47] {dino} scsc stopeed

[13:47] {nemo} "Have fun storming the castle

[13:47] {nemo} "My name is Ynego Montoya, you killed my father...prepare to die"

[13:51] {nemo} Mmmhhhhh...it's rough being the only "coupla' sandwiches short of a picnic" type when ese isn't around

[13:54] {dino} igk l .31

06[14:03] * nemo slaps dino around a bit with a large trout

[14:09] {magoo} BACKKKKKKKKKKKKKK

[14:09] {nemo} oh yahoo...

[14:31] {Threei} yawn

[14:32] {Threei} oh boy... my very very first camera:

[14:32] {Threei} http://www.cameramate.com/product_info.php?products_id=4489

[14:38] {nemo} bored, huh?

[14:39] {dino} lol orrf

[14:40] {nemo} Carl Orff? Karmina Burana?

[14:40] {dino} nice spread +2

[14:40] {nemo} your kinda' trade

[14:41] {dino} 100 shares maybe

[14:52] {magoo} vad, we in anything?

[14:52] {nemo} you want me to vad?

[14:52] {Threei} as usual

[14:52] {nemo} coma

[14:52] {Threei} right

[15:20] {Threei} AIG

[15:20] {Threei} bounce candidate

[15:20] {Threei} .10 break

[15:20] {Threei} if holding 33

[15:21] {nemo} in

[15:21] {nemo} out

[15:30] {nemo} rude of aig again

[15:33] {nemo} really rude of aig

[15:33] {Threei} pullback under .10, let's try reentry

[15:34] {wulff} +.11 Rimm

[15:35] {Threei} :)

[15:36] {Threei} first strength from here AIG

[15:40] {Threei} grr

[15:40] {Threei} missed

[15:40] {nemo} were you sitting at .85

[15:40] {Threei} no, but was trying to catch the reversal

[15:41] {Threei} it came with no warning

[15:41] {nemo} yeah no real volume indication

[15:44] {Threei} House Majority Leader Hoyer says public option may have to be dropped in order to pass healthcare reform bill - Politico.com

[15:44] {Threei} - Hoyer still favors the public option, and Speaker Pelosi reiterated yesterday that the bill would not pass without a public option. But today Hoyer says first and foremost the bill must pass: "We believe the public option is a necessary, useful and very important aspect of this, but well have to see because there are many other important aspects of the bill as well."

[15:50] {Threei} 33 break, going to give it last try

[15:55] {Threei} US Administration official forecasting 10 year deficit in line with CBNO projection at $9T

[15:55] {nemo} who the .... is going to finance that!?

[15:56] {Threei} out

[15:56] {Threei} RIMM was the bouncer of choice

[15:56] {Threei} not AIG

[15:56] {nemo} Calling it a day...peace & qiet

[15:56] {Threei} a week too

[15:56] {nemo} yep

[15:56] {Threei} today is friday, right?

[15:56] {Threei} - Administration had previously forecasted $7.1T budget deficit

[15:56] {nemo} Well, in Australia it's Saturday

[15:57] {Threei} ah... reality is setting in

[15:57] {Threei} just 2T miss

[15:57] {Threei} no biggie

[15:57] {Threei} okay guys... Labor day closer and closer

[15:57] {nemo} that's been 6x the average deficit

[15:57] {Threei} have as good weekend

[15:57] {nemo} c ya

[15:58] {Threei} see you all on Monday

[15:59] {dino} later all, have a good weekend

[15:59] {larisa} bye all :)

[15:59] {magoo} yup..ty