Sep 02 2009

Very narrow and mostly boring day. Small stop, small win, small stop, small win... One of those transitional days, not here nor there.

Session Time: Wed Sep 02 00:00:00 2009

[07:41] {nemo} morning mags

[07:41] {magoo} morning

[07:42] {magoo} hey cap'n

[07:42] {nemo} first chill of autumn in the air up here...time to put stands out

[07:43] {nemo} aig still not available to short

[07:43] {magoo} u live maine right?

[07:44] {nemo} no mass, was up in Maine for a few days

[07:45] {nemo} saw a buck herd out behind our local post office last week

[07:51] {magoo} nice..i luv this time of year, live n.e.pa

[07:51] {nemo} yeah, fall is my favorite

[07:52] {magoo} take a look VG, news last nite

[07:52] {nemo} Itunes?

[07:53] {magoo} something with aapl

[07:53] {nemo} Yeah, Itunes Application store

[07:53] {Threei} Vonage Holdings Inc. Mobile application approved for iTunes app store

[07:53] {Threei} - The company has announced that Apple approved its mobile application for iPhone and iPod Touch.

[07:53] {Threei} - Vonage is currently conducting a beta test and general availability will be announced at a later date.

[07:53] {Threei} - Reminder: The stock traded higher last week on a report it was preparing an app for the iPhone.

[07:53] {Threei} good morning

[07:54] {nemo} morning

[07:54] {magoo} hey, there he is..morning?

[07:54] {magoo} BP announce giant oil discovery ion gulf mehico

[07:55] {Threei} giant as in oil can go to 20 now?

[07:56] {Threei} HOLX is funny

[07:56] {Threei} jumped to 19 yesterday after hours on news

[07:56] {Threei} and trades all the way back down in the morning

[07:57] {magoo} working theory for today vad..just want your gut feel

[07:57] {Threei} none yet

[07:57] {Threei} not enough input

[07:58] {magoo} well...that was a big volume sell off

[07:58] {Threei} selling of last days is inconclusive yet

[07:58] {Threei} look at daily for Dow on NASDAQ over lasy months

[07:59] {Threei} there is nothing happend yet that wouldn't happen a few times

[07:59] {Threei} and each time market resumed upward

[08:00] {Threei} as much as market looks ripe for serious correction if not large selloff... we don't have enough confirmation yet that this is indeed the case

[08:00] {Threei} selling on good numbers is a good indication

[08:00] {Threei} just not enough yet.... kind of balanced out by the fact that everyone predicts reversal

[08:01] {Threei} so... I am on the fence as of right now

[08:03] {nemo} electric fence?

[08:03] {nemo} barbed wire?

[08:03] {Threei} VION Announces results of the Oncologic Drugs Advisory Committee (ODAC) (2.60, 0.00, 0.00%)

[08:04] {Threei} VION Oncologic Drugs Advisory Committee voted 13-0 in favor of completion of a randomized study prior to approval (2.60, 0.00, 0.00%)

[08:04] {nemo} Interesting, was watching a video from head of research at Trim Tabs...corporate/insider stock selling versus buying is at a ratio of 30:1 which is as high as they see it

[08:11] {magoo} LVS vad..news?

[08:12] {Threei} no, not since Aug 30

[08:12] {Threei} LVS Has hired Barclays and Goldman Sachs to work on $2.5B Hong Kong IPO - South China Morning Post

[08:12] {Threei} wasn't much reaction back then

[08:14] {Threei} ADP AUG EMPLOYMENT CHANGE: -298K V -250KE

[08:15] {nemo} whoa

[08:15] {Threei} Prior revised from -371K to -360K

[08:15] {Threei} time for president to stop vaction maybe?

[08:15] {Threei} vacation

[08:16] {nemo} what, so he can go back to washington and nationalize another industry?

[08:16] {Threei} for starters

[08:16] {Threei} then tell us how green shoots are greening and shooting,

[08:17] {Threei} then suggest second stimulus package

[08:17] {nemo} yeah, just didn't tell you they were poison ivy

[08:18] {Threei} Preview: Q2 Final Nonfarm Productivity and Unit Labor Costs due at 8:30am

[08:18] {Threei} Consensus expectations:

[08:18] {Threei} - Nonfarm Productivity: 6.4% vs 6.4% prior.

[08:18] {Threei} - Unit Labor Costs: -5.8% v -5.8% prior.

[08:18] {Threei} something on LVS

[08:19] {Threei} Las Vegas Sands Corp Enters into Venetian Venture Development with Goldman Sachs (Asia) L.L.C. (the Placement Agent) in connection with the proposed issuance of up to US$600,000,000

[08:30] {Threei} Q2 FINAL NONFARM PRODUCTIVITY: 6.6% V 6.4%E; UNIT LABOR COSTS: -5.9% V -5.8%E

[08:55] {Threei} LVS Shares raised to Buy from Hold at Argus, price target $18 (52.45, 0.00, 0.00%)

[08:55] {Threei} CFTC's Gensler: there are currently significant gaps in regulation, some overlap may be beneficial, but harmonizing CFTC and SEC regs will be challenging

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[09:01] {dino} bp giant oil discovery in gulf

[09:02] {nemo} [07:55] {magoo} BP announce giant oil discovery ion gulf mehico

[09:02] {nemo} [07:55] {&Threei} giant as in oil can go to 20 now?

[09:02] {nemo} mags beat you to it Dino

[09:03] {dino} indeed

[09:03] {dino} better not tho, i'm for nat. gas

[09:06] {brian3579} gm

[09:06] {nemo} hello

[09:06] {Threei} brian :)

[09:06] {larisa} good morning

[09:07] {Threei} larisa :)

[09:07] {larisa} :)

[09:10] {fernp} good morning everybody

[09:10] {Threei} fern :)

[09:16] {nemo} faz Vad?

[09:16] {Threei} ?

[09:18] {ese} morning

[09:18] {Threei} ese :)

[09:18] {ese} morning vad

[09:19] {Threei} we are in for another election

[09:19] {ese} yup...looks that way

[09:19] {ese} spending more tax payers money

[09:20] {ese} wouldn

[09:20] {ese} wouldn't happen in Denmark

[09:21] {Threei} ah, there is something else is rotten over there

[09:22] {Threei} SVA

[09:22] {Threei} 10 break maybe

[09:22] {Threei} jumpy at the open...

[09:24] {bluejet} GM

[09:24] {Threei} bluejet :)

[09:25] {Threei} nice offer by EDFX

[09:25] {Threei} if takern, has a good chance

[09:26] {Threei} SVA Announces Supply Agreement with Boryung Pharmaceutical Company Limited in South Korea for H1N1 vaccine

[09:26] {Threei} - (10.46, 0.00, 0.00%)

[09:27] {dino} need coffee

[09:32] {brian3579} .

[09:33] {Threei} AXL Hearing analysts at Buckingham making positive comments in the name (timing uncertain) (5.64, +0.08, 1.44%)

[09:36] {Threei} Long Setup: AXL .40 break

[09:36] {Threei} stop under .30

[09:37] {ese} watching nvda

[09:39] {Threei} no worky AXL

[09:39] {fernp} yeah

[09:41] {magoo} f bouncer vad?

[09:41] {Threei} can't tell

[09:42] {ese} l nvda .22

[09:42] {nemo} nice ese

[09:43] {ese} out nvda .27 +.05

[09:44] {ese} tks nemo.....old form there

[09:45] {nemo} axl showing potential for rudeness

[09:45] {Threei} Long Setup: SVA 9 break

[09:45] {Threei} stop under .85

[09:47] {nemo} teleport

[09:47] {Threei} 1:1

[09:47] {fernp} ty vad

[09:47] {Threei} :)

[09:49] {dino} jerky market

[09:50] {Threei} rude AXL, rude

[09:50] {nemo} axl was rude

[09:52] {Threei} AIG tru to the form

[09:53] {dino} cisg sm l .73

[09:54] {dino} intc l .80

[09:57] {Threei} watching RIMM for sharp dive into 74 - 74.10 area for entry

[09:58] {Threei} get ready

[09:58] {Threei} in

[09:59] {Threei} .95 stop

[09:59] {magoo} in

[09:59] {Threei} *JULY FACTORY ORDERS: 1.3% V 2.2%E

[09:59] {Threei} - prior revised from 0.4% to

[09:59] {Threei} - no revisions (related SPY SHY EUR/USD )

[10:00] {Threei} crap

[10:00] {dino} fast drop

[10:00] {Threei} numbers

[10:00] {nemo} whoa

[10:01] {Threei} held quite well RIMM

[10:01] {nemo} only .02 below stop

[10:02] {Threei} on a fast bar

[10:02] {Threei} and immediate up

[10:02] {nemo} yeah, excellent strength

[10:02] {nemo} qs bounce back too

[10:03] {nemo} oil up next

[10:03] {Threei} kind of discretionary decision

[10:03] {nemo} what, rimm?

[10:03] {Threei} we have any other position?

[10:04] {nemo} I have enough problem with fog

[10:04] {Threei} OK, no morfe discretion

[10:04] {Threei} stopped

[10:04] {fernp} yup

[10:05] {nemo} that was rude of rimm

[10:06] {Threei} WFC green

[10:07] {fernp} HIG strong too

[10:07] {Threei} I guess traders realized it's not going under

[10:07] {nemo} very rude rimm

[10:07] {fernp} in HIG stop under .20

[10:08] {magoo} q server vad?

[10:08] {Threei} 6

[10:08] {magoo} ty

[10:08] {ese} the market!!!!!! is it UP....or is it down!!!!!

[10:08] {Threei} good question ese

[10:09] {nemo} as Dino said, jerky

[10:09] {Threei} I start thinking I shouldn't have turned down subscription for tomorrow's WSJ...

[10:09] {Threei} if I am hard pressed to make a prediction for today:

[10:10] {Threei} green, and nicely green

[10:10] {Threei} nice HIG

[10:10] {brian3579} fern what was your entry in hig?

[10:11] {Threei} my guess is .40 break

[10:11] {fernp} .41

[10:11] {Threei} :)

[10:11] {fernp} exit .67

[10:11] {brian3579} ty

[10:11] {brian3579} nice

[10:12] {fernp} ty

[10:12] {Threei} RIMM... you just had to do that, didn't you

[10:13] {nemo} first axl, now rimm, and of course SVA is following

[10:14] {Threei} SVA wasn't rude

[10:14] {Threei} SVA worked

[10:14] {Threei} not as spectacular as it's capable of

[10:15] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:15] {Threei} **consensus expectations:

[10:15] {Threei} Crude: -1Me

[10:15] {Threei} Gasoline: -1Me

[10:15] {Threei} Distillate: +1Me

[10:16] {Threei} FDIC's Bair: bank failures will continue into 2010

[10:16] {Threei} oh good

[10:16] {ese} L ACAD .21

[10:16] {Threei} sees more failures in 2009 than in 2010 - radio interview

[10:17] {ese} higher low principal

[10:17] {nemo} Kinda' makes sense...when you lose enough of a sample size, there are already less to die next year

[10:18] {nemo} sva Vad, don't look

[10:19] {Threei} wasn't going to

[10:19] {Threei} more interested in WFC/HIG

[10:19] {Threei} argh

[10:20] {Threei} HIG was establishing .30 - .40

[10:20] {Threei} then just teleported

[10:21] {ese} dino....acad is kinda your specialty......really dumped yesterday....what are chances of follow through 2nd day

[10:21] {ese} my 15min chart is lookin good for higher follow through

[10:22] {ese} just looking for your opinion

[10:22] {dino} drug fails, don't like it

[10:23] {ese} tks......

[10:23] {ese} will not hang around long then

[10:23] {dino} gl

[10:23] {ese} give me a few cents and i;m outa there

[10:24] {Threei} WFC could be today's surprise

[10:24] {Threei} let's try to catch pullback on it

[10:24] {Threei} under .60 would be nice

[10:26] {Threei} first strength from here

[10:26] {Threei} wioth stop under .50

[10:27] {Threei} BAC Reportedly TALF deal has been increased in size (16.24, -0.21, -1.28%)

[10:27] {Threei} in

[10:27] {Threei} .55

[10:27] {fernp} .56 here

[10:28] {Threei} don't even think about it WFC

[10:28] {Threei} sigh

[10:28] {dino} cisg out .77, +.04

[10:29] {Threei} oil numbers in a few sec

[10:30] {Threei} DOE CRUDE: -372K V-1ME

[10:30] {ese} interesting action on acad dino....market heading down and it's holding up ok......am ready to dump instantly though

[10:30] {Threei} GASOLINE: -2.97M V -1ME

[10:30] {Threei} DISTILLATE: +85 V+1ME

[10:31] {Threei} 15 pooints range

[10:31] {Threei} Market Internals update at 10:30amET

[10:31] {Threei} - NYSE volume 350M shares, about 35% above its three-month average; decliners lead advancers by 1.8:1.

[10:31] {Threei} - NASDAQ volume 525M shares, about 3% below its three-month average; decliners lead advancers by 1.2:1.

[10:32] {Threei} .35 long WFC

[10:33] {Threei} if holding .30

[10:34] {dino} fele\

[10:35] {Threei} GERN Hearing takeover chatter circulating

[10:35] {Threei} - Novartis rumored as potential acquirer (7.00, +0.18, 2.64%) (related NVS )

[10:35] {ese} out acad .19 -.02

[10:37] {dino} fele sm l .25

[10:38] {dino} things' messed up

[10:39] {Threei} you don't say

[10:39] {ese} gutsy entry dino

[10:39] {Threei} starting from 1913

[10:41] {ese} l nvda .20

[10:43] {Threei} WFC 1:2, out

[10:43] {Threei} playing catchup today

[10:43] {magoo} out .47 TY vad

[10:43] {Threei} stop, comeback, stop, comeback

[10:44] {nemo} do-over

[10:44] {Threei} noticed the pattern?

[10:44] {Threei} happened about two-three times this year,

[10:45] {Threei} when the market undergoes some serious change, we have about 3-5 days of lacklustre performance,

[10:45] {Threei} then adapat

[10:45] {Threei} or adapt

[10:45] {nemo} yes

[10:45] {dino} or die

[10:45] {nemo} great performance the last couple of weeks but the markets were showing momentum shifts

[10:46] {dino} below average for me

[10:47] {larisa} is DRYS waking up ? :)

[10:47] {Threei} no news that I see

[10:58] {Threei} RIMM...

[10:58] {magoo} yea?

[10:58] {Threei} lol

[10:58] {Threei} well

[10:58] {Threei} classic setup is .40 break

[10:58] {Threei} requires market breakout

[10:58] {Threei} and new highs

[10:59] {Threei} which I strongly suspect is what is going to happen

[10:59] {Threei} just not sure whether it's now or after couple more chakeouts

[10:59] {Threei} look at AXL

[11:01] {Threei} maybe better try aggressive entry on RIMM

[11:01] {Threei} .25

[11:01] {magoo} read my mind

[11:01] {Threei} stop under .15

[11:02] {magoo} .26

[11:02] {nemo} teleport

[11:06] {Threei} sigh

[11:06] {Threei} annoying

[11:06] {fernp} weird dayv

[11:06] {Threei} very'

[11:06] {Threei} narrow range

[11:08] {magoo} .

[11:09] {Threei} MX) Mexico Pres Calderon: Must extend health care to all citizens; aiming for major reforms

[11:09] {Threei} what is it, healthcare =reform time all around the globe?

06[11:10] * magoo slaps laserdave around a bit with a large trout

06[11:11] * Threei slaps laserdave around a bit with a large question mark on quotes

[11:11] {magoo} system wide vad

[11:11] {laserdave} careful with laser guys

[11:12] {laserdave} having an issue they are working on

[11:12] {laserdave} we are back on now

[11:12] {laserdave} they are doing updates to fix things later tonight

[11:15] {Threei} CFTC's Gensler: Committed to bring entire OTC derivatives market under regulation with the SEC (related USO UNG )

[11:15] {ese} think i may dable in ACAD again.....i'm likin the narrow .05 consolidation range a la vads book

[11:25] {fernp} .

[11:26] {ese} L acad .21

[11:32] {dino} syno bloody

[11:35] {Threei} out of all shakeouts today AXL irritates me the most

[11:35] {Threei} that was my "bigger move ticket"

[11:35] {Threei} and it does just that

[11:35] {Threei} after getting rid of us of course

[11:35] {ese} out acad .27 +.06

[11:36] {ese} out nvda .31

[11:36] {ese} +.10

[11:43] {ese} like scraping for gold in granite with a salad knife today

[11:44] {dino} agree

[11:47] {dino} mdco spiking

[11:48] {ese} nice steady move with that stock

[11:48] {Threei} salad knife would be fine... with one's teeth is more like it

[11:49] {ese} indeed

[11:52] {Threei} wow... life has migrated to some other pl\anet

[11:53] {dino} syno gap fill from may

[11:54] {ese} theres always a comic in the crowd

[11:54] {nemo} why you say that ese?

[11:55] {ese} alright i'll liven things up.....just bought 100000 shs of drys at .80

[11:55] {ese} just kidding............

[11:56] {nemo} 100k?

06[11:56] * larisa slaps ese around a bit with a large trout

[11:57] {ese} I am gonna go long on it though at some time........have been watching it for a while....5.60 seems to be a botom for it

[12:02] {Threei} Fed's Lockhart: US economy is recovering but the pickup in pace will not be that strong; consumer spending remains cautious, too early to declare victory

[12:02] {Threei} let me get this straight

[12:02] {Threei} they are discussing the TIMING of victory announcement?

[12:03] {Threei} just go to a aircarrier and say Mission accomplished

[12:04] {ese} well indeed yes......we as traders need the exact date and in particular the hour of that date.........i would expec t nothing less

[12:05] {dino} and i prefer not to know

[12:05] {nemo} Interesting...just got an email...do I want to know the day of Jesus' return?

[12:06] {nemo} I'll settle for a couple of stock picks

[12:06] {dino} i just want the multiple daily announcements to stop

[12:06] {ese} how does one expect to function ounder these conditions anyhow...(say that with slight british accent)

[12:06] {nemo} Was that quote server 6 Vad?

[12:06] {dino} the govt treats these things like twitter

[12:06] {nemo} Dino, at least you know who isn't on TV

[12:07] {dino} thankful for that

[12:07] {nemo} mags...eyes right

[12:07] {ese} in the red, in the green, in the red, in the green, in the red , in the green ....and now back in the red....sheesh.....how does one expect to function under these conditions

[12:08] {ese} Vad DO something about this will you!!!!

[12:08] {nemo} use stochastics?

[12:08] {nemo} I think ese is becoming unhinged (in British accent)

[12:09] {dino} joyg drop

[12:09] {ese} big drop

[12:13] {nemo} FOMC meeting today

[12:17] {nemo} gold up almost $20

[12:21] {ese} L nvda .20

[12:23] {ese} Out nvda .26 +.06

[12:24] {nemo} wow alot o support for nvda between .21-.23

[12:25] {ese} yes.... i think so

[12:26] {fernp} WU if breaks .70 could give us a 5 cents scalp

[12:28] {nemo} volume actually reasonable considering how dormant the market

[12:30] {magoo} AIG big player again

[12:30] {magoo} not in now

[12:30] {magoo} RISKY

[12:38] {Threei} hmm

[12:38] {Threei} pace pickup

[12:42] {Threei} .50 break

[12:42] {Threei} risky as drinking magoo's beer

[12:43] {fernp} stop ?

[12:43] {Threei} under .30

[12:43] {nemo} tht's a visual

[12:43] {magoo} u do not wanna do that

[12:43] {nemo} amzn might be bottoming

[12:44] {ese} l nvda .27

[12:46] {fernp} .46 in .66 out TY Vad

[12:46] {Threei} half out

[12:46] {Threei} .73

[12:47] {Threei} gnawing our way back fern :)

[12:48] {fernp} :)

[12:48] {Threei} we always do...

[12:49] {Threei} long gone are times when one unsuccessful day could cause frustration

[12:49] {Threei} natureal part of the game

[12:49] {fernp} frusta... what? :)

[12:49] {magoo} wait 40.34

[12:50] {magoo} i trhink 42 today...

[12:51] {fernp} and out WU my +.05 are here

[12:52] {fernp} [18:26] {fernp} WU if breaks .70 could give us a 5 cents scalp

[12:53] {Threei} :)

[12:53] {magoo} mkt ruined it

[12:58] {ese} had my finger on the sell trigger for nvda but it didn't move down with the qqqq's

[12:58] {ese} sign of some strength

[13:01] {ese} 15 min chart looks good...buting up agains .30

[13:02] {Threei} 68% Say Passage of Health Care Reform Will Increase Deficit

[13:02] {Threei} duh

[13:02] {Threei} Remaining 32% struggle to count fingers on two hands

[13:03] {nemo} maybe they don't know what deficit means?

[13:03] {ese} good one.....that was funny

[13:06] {fernp} have to go. see u all tomorrow. good evening everybody

[13:06] {Threei} take care fern

[13:15] {dino} sepr

[13:15] {dino} wow

[13:15] {Threei} Fed's Lockhart: Economy will still be recovering 12 months from now with unemployment 'still high'

[13:15] {Threei} - says the Fed should consider "leaning" on future asset bubbles; sees long term oil price trend around $70 level;

[13:16] {Threei} SEPR Ticking higher, hearing takeover chatter circulating (19.70, +1.67, 9.26%)

[13:16] {Threei} Dainippon Simitom seeking to purchase the comapny - nikkei news

[13:17] {Threei} be back in 20

[13:17] {nemo} o.k., what now?

[13:21] {ese} well............we wait

[13:21] {ese} nvda taking it's sweet time pushing on up there

[13:22] {ese} i'm liking the bull triangle/flag on the 15 min chart......should go higher from here

[13:22] {ese} still in at .27

[13:23] {nemo} it's toyed with the .30 area 4 times

[13:24] {ese} ya......one of thes days.......one of these days.......pow ....right in the kisser

[13:25] {ese} what show was that from......Archie Bunker?

[13:25] {magoo} honeymooners

[13:25] {ese} ahhhhhh yes

[13:25] {nemo} "right to the moon"

[13:25] {ese} Ralphy

[13:30] {patience} .

[13:31] {nemo} ?

[13:33] {ese} auch du miya!!! nvda ......vat is de prablum.......geet un oop dere

[13:33] {nemo} qs ese

[13:37] {dino} 28 sepr rumor

[13:38] {dino} don't trust it

[13:53] {Threei} SEPR new high

[13:56] {dino} yahoo news on possible takeover

[13:57] {dino} 250b yen

[14:05] {Threei} *MINUTES OF THE AUG 12 FOMC MEETING: DISCUSSED TRIMMING MBS and AGENCY PURCHASES PROGRAM; saw sizable risk of credit losses ahead

[14:05] {Threei} - Some members saw substantial risk of disinflation; economy vulnerable to shocks

[14:05] {Threei} - participants again discussed the merits of including agency MBS backed by adjustable-rate mortgages (ARMs) in the Committee's MBS purchase program: Some thought it would be useful to include agency ARM MBS, noting that doing so could reduce the unusually large spreads between ARM rates and yields on similar-duration Treasury securities--spreads that were far larger than the comparable spreads on fixed-rate mortgages; others saw little potential benefit, given the small stock and limited issuance of ARM MBS, and were hesitant to involve the Federal Reserve in another market segment.

[14:06] {Threei} - Saw contraction in disutryial production as slowing in Q2

[14:06] {Threei} - Overall economic activity 'stabilizing'

[14:06] {Threei} - several participants noted that banks still faced a sizable risk of additional credit losses and that many small and medium-sized banks were vulnerable to deteriorating performance of commercial real estate loans.

[14:06] {Threei} Participants again observed that obtaining or renewing financing for commercial real estate properties and projects was extremely difficult amid worsening fundamentals in that sector, though some noted anecdotal evidence that the addition of highly rated commercial MBS to the list of securities that can be pledged as collateral for TALF loans had contributed to an improvement in liquidity in that market.

[14:09] {ese} yaaaaaaaawwwn.............smifgavortahhheemm..........

[14:09] {nemo} somebody tuck ese in

[14:10] {ese} was dreaming that i was scalp trading.........wait........i am yaaaaawwwwwn

[14:11] {Threei} if scalping makes one yawn, I am scared even to think what makes one jump

[14:12] {ese} beige.....i think i'll paint the walls beige..........oh hey vad

[14:13] {ese} it's the miles of boredom interspersed with seconds of terror.......

[14:14] {Threei} lol

[14:14] {Threei} imagery you produce...

[14:18] {magoo} sepr halted

[14:18] {Threei} yup

[14:36] {Threei} AIG...

[14:36] {Threei} mags

[14:37] {Threei} getting this feeling?

[14:37] {magoo} yup..but exhausting watching it

[14:37] {Threei} let's comopare feelings

[14:37] {Threei} 41?

[14:37] {magoo} i think near 42 today..but thats not a trade call

[14:38] {magoo} near=41.89

[14:38] {larisa} lol

[14:38] {magoo} ive been reading it well today

[14:38] {magoo} up big on it

06[14:38] * Threei puts AIG for sale at 41.88

[14:38] {magoo} .97 here lol

[14:38] {magoo} um./87

[14:41] {Threei} ok, pullback becomes tempting

[14:41] {Threei} is it} mags?

[14:41] {Threei} you read it well today

[14:42] {magoo} id like it deeper

[14:42] {magoo} and needs some mkt help

[14:43] {magoo} a twitch of luk

[14:44] {magoo} and ballz of steel

[14:44] {Threei} lol

[14:44] {nemo} or ice in veins

[14:45] {nemo} my LII keeps screwing up today

[14:49] {dino} gotta hop early. thx all

[14:50] {larisa} bye dino :)

[14:59] {Threei} AIG doesn't feel right

[15:00] {magoo} agree

[15:03] {magoo} brb

[15:07] {magoo} back

[15:10] {magoo} u know..i make some $$ on it..but that stock sux

[15:10] {Threei} just runs out of gas

[15:11] {ese} come on nvda..........FOR CRYING OUT.....i mean........ahem.......

[15:17] {Threei} jeez

[15:20] {nemo} is laser freezing up on you at all mags, vad?

[15:20] {magoo} not at moment...but dave addressed they are having issues and working on ity

[15:21] {nemo} saw that, just wondering what the "issues" were?

[15:21] {Threei} it did in the morning

[15:22] {Threei} who cares as long as they get resolved

[15:22] {nemo} mine is doing it now

[15:22] {magoo} change q server

[15:22] {nemo} I've been doing that, which one?

[15:23] {Threei} doesn't matter

[15:23] {larisa} I was swithing randomly, does it really matter ?

[15:23] {Threei} just switch

[15:23] {larisa} lol

[15:25] {magoo} 4

[15:25] {magoo} it matters :)

[15:25] {Threei} yeah? 8 here, and runs fine :)

[15:32] {ese} out nvda .27 .00 nothin....absolutely nothin.......why i otta...

[15:33] {ese} see you all tomorow........that was a wait and a half for nuttin

[15:33] {Threei} take care ese

[15:33] {ese} see ya vad.......it was a good day none the less...profitable

[15:43] {Threei} no interesting earnings after hours

[15:46] {magoo} futes rotting

[15:48] {magoo} financials falling

[15:48] {Threei} you are such a party pooper

[15:48] {magoo} bummed, sdidnt find a trade last 2 hrs

[15:49] {Threei} hey.. 99% of population doesn't make a trade in whole life

[15:49] {larisa} lol

[15:49] {magoo} oh come on

06[15:50] * Threei slaps laserdave around a bit with a large dorsal fin of a marinated herring

[15:54] {Threei} WFC to Resume Accepting California IOUs on September 4, 2009

[15:54] {Threei} cosmo can continue his vacation now

[15:57] {Threei} 15 points range day

[15:57] {Threei} any wonder that we couldn't find much

[15:57] {Threei} most action was in gold

[15:57] {Threei} and I really hate trading that

[15:58] {nemo} resource stocks too fcx, tck

[16:00] {magoo} tjhanx vad..everyone

[16:00] {larisa} later :)

[16:00] {Threei} (US) Treasury Sec Geithner: Officials need to ensure self-sustaining recovery

[16:00] {Threei} thank you all

[16:00] {Threei} have a good evening, see you tomorrow

[16:00] {magoo} laser message

[16:01] {magoo} system shutdwn 4:30

[16:01] {magoo} deal with issues

[16:01] {Threei} I say deal with them

[16:01] {Threei} issues must be dealt with

[16:01] {magoo} excuse for me to get home early

[16:01] {magoo} i stay till 6 pm most nites\

Sep 01 2009

The day started with beuatiful pullback entry at 11 on SVA for a lightening fast 40 something cents play; then RIMM yieleded a few long plays, AIG and SVA provided nice bounces. Two small stops were throuwn in for a good measure. All in all, September started out great.

Session Time: Tue Sep 01 00:00:00 2009

[07:47] {magoo} morning

[08:02] {magoo} aIG caught a down grade this morn to underperform

[08:21] {magoo} wait untill larisa sees SVA

[08:21] {magoo} made over 11

[08:28] {magoo} nvax

[08:29] {magoo} ACAD WOW

[08:36] {Threei} Good morning

[08:36] {magoo} morn vad

[08:36] {nemo} morning

[08:36] {Threei} happily out SVA 10.70

[08:36] {Threei} those 300 shares that no one wanted yesterday at 10

[08:37] {Threei} not biggie but starting day with +300...

[08:39] {Threei} some unhappy holders in ACAD...

[08:40] {Threei} NVAX... this is indecent

[08:40] {Threei} Novavax Inc. Announces Positive Results for the Second Phase II Clinical Trial of its Trivalent Seasonal Influenza Virus-like Particle (VLP) Vaccine Candidate

[08:40] {Threei} - The vaccine was well tolerated and induced robust immune responses against all three influenza strains in the vaccine. These results continue to support the planned study in elderly adults scheduled for the fourth quarter this year and pave the way for Novavax to advance its seasonal influenza VLP vaccine into Phase III studies next

[08:40] {Threei} - No vaccine-related serious adverse events were reported in the study and the rate of non-serious adverse events was comparable in the vaccine and placebo groups.

[08:57] {Threei} Reportedly, G-20 Finance ministers likely to leave timing and scale of exit strategies up to individual countries - unconfrimed

[08:57] {Threei} wow

[08:57] {Threei} how nice of them

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[08:59] {dino} :)

[08:59] {magoo} NVAX making a movbe here

[08:59] {nemo} dino :)

[08:59] {Threei} (CH) China confirms to raise fuel prices tomorrow by CNY300/ton- State TV

[08:59] {fernp} good morning everybody

[08:59] {Threei} fern :)

[09:00] {dino} cmed, rmbs, hcn, bvf

[09:04] {magoo} important numbers at 10 am,

[09:05] {Threei} 10:00am Aug ISM Manufacturing (last 48.9), Aug ISM Prices Paid (last 55), July Construction Spending m/m (last 0.3%), July Pending Home Sales (last m/m 3.6%, y/y 9.2%)

[09:05] {Threei} NVAX...

[09:05] {Threei} picks up the pace

[09:06] {magoo} keep missing entry

[09:07] {magoo} hey larisa...look who hit 11 lol

[09:07] {brian3579} gm all

06[09:07] * magoo slaps brian3579 around a bit with a large trout

[09:07] {larisa} gm :)

[09:07] {Threei} brian, larisa :)

[09:18] {Threei} NVAX relentless

[09:23] {magoo} stalking it

[09:24] {magoo} look at all the missed opportunity short in AIG

[09:25] {magoo} and if it revisits teens..uhhh

[09:26] {Threei} why missed... if it's not available, it's just out of realm of opportunities

[09:28] {Threei} SVA now

[09:28] {Threei} they take turns

[09:29] {Threei} if we are lucky we will get nice pullback in both

[09:30] {Threei} Long Setup: SVA 11 break

[09:30] {Threei} stop under .85

[09:31] {Threei} lol... hit 1:1 while I was typing stop

[09:31] {nemo} quote server Vad

[09:31] {Threei} ok, gave second chance entry

[09:31] {Threei} feel free to scalp or partial

[09:31] {Threei} 10

[09:31] {Threei} out in full

[09:31] {Threei} +.45

[09:32] {Threei} sheesh

[09:32] {nemo} nvax break .60?

[09:32] {magoo} moissed it ..sigh

[09:33] {Threei} it returnd to 11 twice after the call

[09:33] {Threei} wake up mags

[09:33] {magoo} in light speed yes

[09:35] {Threei} NVAX pullback time

[09:35] {dino} rmbs l .35

[09:36] {ese} good morning.....and just saw that....nvax

[09:36] {Threei} ese :)

[09:36] {Threei} VICL continues too but this one I am hesitant to chase at all

[09:37] {Threei} typical pullback stock

[09:37] {Threei} OK NVAX

[09:37] {Threei} a bit more pls

[09:37] {Threei} want to find entry under .40

[09:37] {ese} vicl....to thin for my liking

[09:39] {dino} rmbs stop to .47

[09:42] {dino} stopped .49, +.14

[09:45] {Threei} EBAY Signs Definitive Agreement to Sell Skype in Deal Valuing Communications Business at $2.75 Billion (22.67, +0.53, 2.39%)

[09:45] {nemo} ISM number must be good

[09:46] {Threei} wow EBAY

[09:46] {ese} wow i'll say

[09:47] {ese} would love to get in ....but where?

[09:47] {Threei} SVA pullbacks become cruel

[09:48] {nemo} Vad if ISM and construction good what stocks do you think in play?

[09:48] {Threei} it's encopassing number

[09:49] {Threei} whole market will react

[09:49] {nemo} so sso, or qld?

[09:49] {nemo} sds qid

[09:49] {Threei} I don't usually play off numbers

[09:50] {Threei} unless they are extraordinary

[09:50] {Threei} Euro vs US Dollar Dealer chatter that US ISM will register a 'better' than consensus reading of 50.5 in Aug

[09:50] {Threei} - Chatter of a reading over 53 with 50.5 consensus expectation (last move over 50 level was back in Jan 2008)

[09:50] {Threei} ANDS Ticks higher on chatter it could report positive results from a phase II Hepatitis C trial in the near future (2.56, +0.25, 10.82%)

[09:52] {Threei} okay NVA

[09:52] {Threei} time to start hunting

[09:52] {Threei} NVAX

[09:53] {Threei} jumpy..

[09:53] {fernp} FITB 11 break is interesting too

[09:54] {Threei} sure is

[09:54] {dino} rmbs l .20, stop .99

[09:55] {ese} l ebay .78

[09:56] {Threei} hopefully, it stays under 11 before numbers, fern

[09:56] {Threei} and breaks aftter they come

[09:56] {nemo} cat?

[09:56] {Threei} CAT is totally numbers dependent

[09:57] {fernp} i have some shares from .85 but I am waiting numbers to add

[09:58] {Threei} wow... fern - patient?

[09:58] {Threei} that's new

[09:58] {fernp} lol. FITB is slow no problem...

[09:59] {Threei} NVAX, next bounce should be from under 7.10

[09:59] {Threei} they happen too fast for a call

[09:59] {nemo} good ism-might pull money away from nvax?

[10:00] {Threei} *AUG ISM MANUFACTURING: 52.9 V 50.5E; PRICES PAID: 65 V 57.8E

[10:00] {Threei} JULY CONSTRUCTION SPENDING M/M: -0.2% V 0.0%E

[10:01] {Threei} NVAX perfectly touched 7.08 and bounced

[10:01] {dino} igk l .70

[10:02] {Threei} that was best I could do to alert

[10:02] {Threei} you saw how it spent exactly 3 milliseconds there

[10:02] {nemo} sorry, my second hand is only whole numbers...didn't move

[10:03] {Threei} CAT follows futures tick by tick

[10:03] {nemo} interesting...neither rimm cat or fcx reacting much

[10:03] {Threei} huh?

[10:04] {Threei} CAT jumped 50 cents in one gasp

[10:04] {nemo} cat popped but coming back

[10:04] {Threei} so does marketr

[10:04] {Threei} and CAT simply follows it

[10:04] {Threei} FITB no enthusiasm

[10:05] {fernp} nope

[10:05] {Threei} RIMM... want it long but want to catch pullback

[10:06] {Threei} if dives under .40, grab it

[10:06] {ese} fitb always like that....no enthusiasm

[10:06] {Threei} here it is

[10:06] {Threei} stop under .30

[10:07] {Threei} FRE Have seen US home prices rise 1.7% in Q2 v Q1 2009 (7.89, -0.04, -0.51%)

[10:07] {Threei} half out RIMM

[10:07] {fernp} out RIMM ty Vad

[10:07] {Threei} or that, lol

[10:08] {Threei} beauty of pullback entry... could you dream of playing RIMM with 10 cents stop?

[10:08] {Threei} out 1/4 more

[10:08] {Threei} .69

[10:09] {Threei} +.30

[10:09] {Threei} SPIR Hearing chatter may receive sizeable solar order from US Govt (4.36, +0.47, 12.08%)

[10:09] {dino} out rmbs .32 +.12

[10:10] {magoo} ty rimm vad

[10:10] {magoo} .67 exit

[10:10] {Threei} out RIMM in full

[10:10] {Threei} +.50

[10:11] {Threei} what no one else got it??

[10:12] {Threei} that was the easiest play yet for today

[10:15] {Threei} ISM's Ore: Surpised by recent intensity of gain in new orders - conf comments

[10:15] {dino} rmbs l .08

[10:16] {fernp} WFC, HIG or BAC?

[10:17] {Threei} hmmm

[10:17] {dino} rmbs stop is .98

[10:17] {Threei} not delighted by any of them

[10:18] {fernp} ok

[10:18] {dino} stoped -.10

[10:19] {Threei} well

[10:19] {ese} ebay stopped ..59 -.19 grrrrrrrr

[10:19] {Threei} HIG 23 recross

[10:19] {Threei} of holding 22.90

[10:19] {Threei} if

[10:21] {Threei} overall, such muted reaction on the best ISM in recent history is another indication of topping action in the market

[10:21] {nemo} yeah, I was thinking that, but discounting my normal pessimistic nature

[10:22] {ese} agreed indeed

[10:22] {nemo} on the opinion of the ism ese?

[10:22] {magoo} unfortunately, i concurr

[10:24] {fernp} in HIG

[10:25] {ese} no just market action

[10:32] {dino} ogxi

[10:33] {Threei} Long Setup: RIMM .75 break half lot

[10:33] {Threei} if stays above .60

[10:34] {Threei} Preview: August US Vehicle Sales numbers expected throughout the day from major auto makers

[10:34] {Threei} **consensus estimates (unadjused):

[10:34] {Threei} - Ford: +33%e (usually released at Noon ET, but today expected at 11amET). (note estimates for Ford vary widely this month due to Cash for Clunkers; the First Call estimate is +42%e while Edmunds estimates +26.3%e)

[10:34] {Threei} - GM: -16%e (usually released around 1:45pmET).

[10:34] {Threei} - Chrysler: -5.5%e

[10:34] {Threei} - HMC: 69%e

[10:34] {Threei} - TM: 2.6%e

[10:34] {Threei} - NSANY: -14.8%e

[10:36] {magoo} in

[10:36] {Threei} RIMM 1:1

[10:36] {Threei} ESLR Hearing takeover chatter circulating (1.73, +0.04, 2.37%)

[10:37] {ese} still have 5k of that...eslr

[10:39] {magoo} out .94 TY rimm

[10:39] {Threei} sure thing

[10:40] {magoo} look AIG here vad

[10:40] {Threei} ironically, RIMM is the easiest one today

[10:40] {Threei} usually a beast

[10:41] {Threei} AIG, .50 support is clear, but trigger is not

[10:41] {Threei} and lost support now

[10:41] {Threei} no play still

[10:43] {Threei} FINRA: To raise margin requirements on leveraged ETF's

[10:43] {nemo} so 3x will become 2x

[10:46] {magoo} WFC vad..look

[10:47] {Threei} I don't see anything compelling in them

[10:47] {Threei} tere is no heat

[10:48] {Threei} look how HIG just slides and slides

[10:48] {nemo} cat short?

[10:49] {Threei} don't see any setup there

[10:49] {ese} vad...how does that work with my shares of eslr.....if the company is bought do my shares trade under the aquiring ticker or do they still trade under the ESLR ticker?

[10:50] {larisa} depends on agreement between companies

[10:50] {Threei} yeah

[10:50] {larisa} diff scenario possible

[10:50] {Threei} usually it's in the terms of buyout

[10:50] {Threei} let's say:

[10:50] {Threei} shareholders obtain xx shares of suitor for each shares of ESLR

[10:51] {Threei} then you'll have new shares

[10:51] {Threei} or in case of cash buyout

[10:51] {Threei} you'll get cash

[10:51] {Threei} at the buyout price

[10:51] {ese} right

[10:51] {ese} got it

[10:51] {Threei} and the worst scenario possible is if buyout price is lower than your average

[10:52] {Threei} no more upside

[10:52] {ese} hmmmmm....don't like that scenario

[10:56] {ese} patience dcc please.

[10:59] {dino} stec

[11:00] {Threei} I am starting warming up to shorting

[11:01] {dino} ahhh, the dark side. i like it

[11:02] {Threei} still somewhat restrained by the fact that no living creature on the planet hasn't called the reversdal

[11:04] {nemo} shouldn't that make you feel better about it?

[11:04] {dino} my gut had 10k first, then big drop

[11:04] {dino} awi l .30, stop lod

[11:10] {dino} awi stopped

[11:10] {Threei} Long Setup: SVA .50 break if stays above .35 - 40

[11:12] {Threei} invalidated

[11:18] {Threei} SQNM Lower today after yesterday's positive rumors dismissed by researchers at Brown University (5.61, -0.78, -12.21%)

[11:19] {dino} rmbs l .39, stop .24

[11:26] {dino} rmbs stopped

[11:31] {Threei} APT Increases production of N-95 Respirator Masks for Upcoming Flu/Swine Flu Season

[11:31] {Threei} - will be tripling the average output of N-95 respirator masks that it has been producing since May,... (5.19, +0.24, 4.85%) more...

[11:31] {Threei} Chrysler US Aug sales were reportedly -15% v -16%e

[11:37] {Threei} XLF Weakness in equities seem to be driven by financial sector (14.17, -0.53, -3.61%) (related WFC JPM C BAC )

[11:37] {Threei} AIG is getting a bit extreme

[11:38] {Threei} SVA bounce hunt on

[11:39] {Threei} as close to .50 as possible

[11:40] {Threei} half lot, get reaADY

[11:40] {Threei} in

[11:40] {Threei} .46

[11:40] {Threei} stop .35

[11:40] {nemo} impressive as always

[11:41] {Threei} half out .58

[11:41] {nemo} aig was overdone

[11:43] {Threei} out in full.68

[11:44] {Threei} a little early

[11:44] {Threei} but whatever

[11:44] {Threei} anyoner?

[11:45] {Threei} sigh

[11:45] {Threei} what am I doing here if no one plays them?

[11:46] {nemo} i don't rea them well

[11:46] {nemo} read

[11:47] {nemo} surprised Mags wasn't on that though

[11:53] {Threei} lwt's see if SVA gives double bottom

[11:54] {Threei} Long Setup: SVA .50 break if holding .40

[11:55] {Threei} wow

[11:55] {Threei} taken out at .60

[11:55] {Threei} even though offer was lower

[11:55] {Threei} AMEX quirks I assume

[11:55] {Threei} offered on ISLD

[11:55] {larisa} same time .40 and .60 orders :)

[11:56] {Threei} you got both filled?

[11:56] {larisa} no :) tape

[11:56] {Threei} oh

[11:56] {Threei} AIG another sharp drop

[12:00] {Threei} F Reports Aug US sales +17% v +33%e to 182K units (7.35, -0.25, -3.29%)

[12:02] {Threei} I suspect market snapback is near

[12:02] {Threei} Long Setup: RIMM .35 half lot

[12:03] {Threei} if stays above .20

[12:04] {ese} don't get it...everythin is just getting hammered and rimm is going up

[12:04] {Threei} just one of sttronger

[12:04] {nemo} it's down $2 off the high

[12:04] {Threei} so when I want to try bounce, I prefer it to those that get sold off

[12:06] {nemo} hit 1:1

[12:06] {Threei} yup

[12:06] {nemo} now, is that forming a right shoulder?

[12:07] {Threei} PAH3.GE Reports Aug US Sales +9% y/y to 1,646 units

[12:07] {Threei} Porsche is kicking butt

[12:08] {nemo} Goldman Sachs traders

[12:08] {Threei} F Sales Analyst: Sales would have been down y/y if not for the 'Cash for Clunkers" program - CNBC

[12:08] {Threei} no really?

[12:09] {Threei} I want that job...

[12:09] {nemo} and the gubmint isn't paying up either

[12:10] {Threei} sit with this abstruse look, say slowly and solidly... well... you know... Sun will be rising today... and come to think of it, it did rise yesterday

[12:10] {Threei} and get paid

[12:11] {Threei} magoo, you here?

[12:11] {Threei} want a big play?

[12:11] {Threei} RIMM .50 break

[12:11] {Threei} should be good for 40 cents at least

06[12:12] * Threei slaps magoo around a bit with a large alarm clock

[12:12] {nemo} maybe he needs smelling salts

[12:12] {Threei} or dino's elbow in ribs

[12:14] {Threei} ugh fern

[12:14] {Threei} missed beuatiful bounce on SVA while disconnected

[12:14] {Threei} [11:40] {Alert} Threei in

[12:14] {Threei} [11:40] {Alert} Threei .46

[12:14] {Threei} [11:40] {Alert} Threei stop .35

[12:14] {Threei} [11:41] {Alert} Threei half out .58

[12:14] {Threei} [11:43] {Alert} Threei out in full.68

[12:16] {dino} hmmm

[12:17] {Threei} RIMM invalidated but not off radar

[12:23] {Threei} ready to start trying AIG?

[12:32] {Threei} in from .34, half out .80

[12:33] {fernp} missed SVA, having some issues with my internet connection

[12:33] {Threei} :(

[12:34] {Threei} 1/4 more out 37.05

[12:34] {Threei} out in full +$1.00

[12:34] {Threei} I miss wulff... he would be all over these plays

[12:35] {Threei} even magoo quit on me

[12:35] {magoo} no..i in

[12:35] {Threei} no you not

[12:36] {Threei} Long Setup: RIMM .30 break

[12:36] {Threei} stop under .15-.20

[12:36] {magoo} in

[12:37] {fernp} in

[12:37] {Threei} AIG non-stop now

[12:41] {Threei} 1;1 was easy on RIMM

[12:41] {Threei} thinking of more though

[12:41] {Threei} that .30 buy was in fact my attempt to p[lay .50 break with aggressive entry

[12:41] {Threei} 'cause if it does take .50...

[12:41] {ese} l ebay .81

[12:42] {magoo} rimm..thinking ,70 area

[12:43] {Threei} unless shakes us out...

[12:43] {fernp} ty Vad grabbed +.14 in RIMM

[12:43] {Threei} and I am thinking more like .90 area

[12:43] {magoo} ok

[12:43] {Threei} I knew it fern

[12:48] {Threei} WFC CNBC: Najerian discusses heavy options activity and the ongoing secondary rumors (26.68, -0.84, -3.05%)

[12:49] {Threei} mags... you out AIG?

[12:52] {magoo} um..no

[12:52] {Threei} sheesh

[12:52] {Threei} come on

[12:53] {Threei} what do you want from it, 45 again?

[12:53] {magoo} 38.71

[12:53] {Threei} not 38.69?

[12:54] {magoo} thats better

[12:57] {Threei} wash RIMM

[12:58] {Threei} fern wins

[13:00] {fernp} ty,ty, I love u all

[13:01] {Threei} hehe

[13:01] {dino} rumors of a bank failure, cramer

[13:01] {Threei} lat by just one year

[13:01] {Threei} late

[13:01] {dino} lol

[13:02] {Threei} Sept 1 of last year, tholse rumors would have been just in time

[13:07] {Threei} Hedge Fund FX analyst forecasts savings will keep bond yields low; USD will remain reserve currency for at least 20 years

[13:07] {Threei} RIMM

[13:07] {Threei} .60 break long

[13:07] {Threei} stop under .50

[13:08] {Threei} nope

[13:08] {Threei} IMF Global Growth Estimate Higher Than IMF Projected In July - WSJ

[13:11] {Threei} BMW.GE Reports Aug US sales -21.3% y/y at 24.3K units; vs 21.25K m/m

[13:14] {ese} stopped ebay -.12 again.......thats it for me for today....just watching from here on

[13:15] {Threei} 7270.JP Subaru reports Aug US sales 58,6K units; +52% y/y

[13:15] {Threei} (CA) Canadian opposition leader: can no longer support the government

[13:15] {Threei} not another election again

[13:16] {Threei} that's ll be whatr 4th one in as many years

[13:19] {ese} alright alright....L AVII .88

[13:25] {nemo} volume actually prtty strong today

[13:27] {Threei} yup

[13:28] {Threei} was very tempted by WFC .40 break

[13:28] {Threei} then decided it would too contrarian, lol

[13:29] {magoo} SVA vaD

[13:30] {Threei} way too far from lows mags

[13:39] {Threei} AIG teleportation setups

[13:39] {Threei} watch, see if you get the rythm

[13:40] {nemo} 5 minute chrt looks interesting

06[13:42] * Threei slaps magoo around a bit with a large "AIG to 38.69" sign

[13:44] {magoo} just hold 38..palease

[13:45] {nemo} movin w/market

[13:47] {Threei} NSANY Reports Aug US sales -2.9% y/y (13.88, -0.07, -0.50%)

[13:47] {nemo} What's NSANY?

[13:47] {Threei} Nissan

[13:47] {nemo} oh

[13:48] {Threei} NVAX Hearing downgraded to Market Perform rating from Market Outperform at Rodman and Renshaw (timing uncertain) (6.85, +0.81, 13.41%)

[13:48] {Threei} Rodman and Renshaw got caught short?

[13:48] {Threei} Long Setup: AIG .20 break

[13:48] {nemo} Who are they anyway?

[13:48] {nemo} long gone

[13:48] {Threei} crap, that was fast

[13:49] {nemo} somebody said someting about "teleportation" :)

[13:49] {Threei} GM Reports US Aug sales -20.2% y/y to 246K units

[13:49] {Threei} got .22 on pullback

[13:49] {Threei} half out

[13:50] {Threei} stop under .10

[13:50] {Threei} offering 1/4 .45

[13:52] {Threei} held by fingertips

[13:52] {Threei} wash

[13:52] {Threei} gotta get back to scalping

[14:00] {ese} I'm likin AVII

[14:01] {Threei} nice spike

[14:01] {Threei} HMC Reports Aug US sales +14.2% y/y (31.33, 0.00, 0.00%)

[14:01] {dino} crmt\

[14:02] {ese} makes up for my ebay losses today and then some

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

[14:07] {Threei} - NYSE volume 940M shares, about 46% above its three-month average; decliners lead advancers by 7.7:1.

[14:07] {Threei} - NASDAQ volume 1.9B shares, about 35% above its three-month average; decliners lead advancers by 3.3:1.

[14:07] {Threei} - VIX index +9% to just over 28

[14:08] {Threei} GM Exec: Believe the US economy is out of the recession; - sales call

[14:08] {Threei} there

[14:08] {Threei} GE Vice Chairman Rice: markets continue to be tough

[14:08] {Threei} ah come on

[14:08] {Threei} just when I felt all warm and fuzzy

[14:09] {nemo} Vad=warm and fuzzy....does not compute

06[14:09] * Threei slaps GE Vice Chairman Rice with GM Exec

[14:14] {ese} That does deservve a slap for a comment like that.....sheeesh.....ya figer...??markets are tough

[14:16] {Threei} 42% Say People Randomly Selected from Phone Book Better Than Current Congress

[14:17] {nemo} 57% say they would like to throw them all out and start over

[14:17] {ese} ya know.....when ya design bad to lousy cars and vehicles.......the market is going to kick his butt even more......

[14:18] {Threei} alternative point of view ese:

[14:19] {Threei} before the economy hit the fan, GM sales were at par with Toyota for the last couple years,

[14:19] {ese} i find that hard to believe

[14:19] {Threei} what are they going to be when all GM manufacturers are small green cars mandated by government?

[14:19] {Threei} well, those are hard numbers

[14:20] {Threei} and btw, it's not like GM caught up with Toyota - it's other way around

[14:21] {Threei} in 2007 Toyota edged out GM first time in history

[14:21] {ese} hmmmmmmmm

[14:23] {Threei} http://www.msnbc.msn.com/id/18286221/

[14:24] {Threei} for the first quarter of 2007 Toyota has toppled GM from the top global sales spot for the first time ever, sales figured released on Tuesday show.

[14:24] {dino} govt will reverse spilt it, perpetuate a squeeze, ala aig, and then dump out. obama "livermore". pump and dump

[14:27] {Threei} GM said although Toyota won the first quarter, the fight for global leadership is not over for the year.

[14:27] {Threei} little did they know...

[14:27] {dino} i bet toy is real worried, not!

[14:27] {Threei} that was 2007

[14:27] {Threei} amazing how it sounds now eh?

[14:28] {Threei} but then again, in 2007 Ben said that mild crisis was about to be over

[14:28] {Threei} and housing was about to halt its retreat

[14:35] {Threei} Long Setup: WFC .50 break if stays above .40

[14:35] {magoo} in

[14:35] {ese} I didn't even blink and mags was in.......wow

[14:36] {nemo} cat?

[14:37] {ese} I do believe he tkaes all you say as the" law of god" vad

[14:37] {Threei} who, magoo??

[14:37] {Threei} he sends me 5 hate e-mails a day

[14:38] {ese} sheepishly ese says "yes"

[14:39] {ese} thats a sign of respect in a very sadistic type of way

[14:39] {Threei} lol

[14:39] {Threei} I also suspect it was him who sent my e-mail to all Nigerian spammers

[14:40] {Threei} but I got even by sending his to Ivory Coast ones

[14:41] {ese} rotfllol.........too funny

[14:44] {Threei} no worky

[14:49] {Threei} long period of locked market... like first half of August

[14:51] {dino} ndx & s/p -4%+ 2 days, dji -3.5%

[14:51] {nemo} so much for "Turn around Tuesday"

[14:52] {dino} yeah

[15:02] {Threei} AMAT CEO: Observing investments into solar capacity in China (12.96, -0.22, -1.67%) (related TAN ESLR FSLR )

[15:02] {ese} out AVII .19 +.30 20k

[15:02] {Threei} wtg

[15:03] {ese} tks......was showing strenght most of the day so it was worth the try

[15:03] {fernp} great job ese

[15:03] {ese} and volume was ok

[15:04] {ese} tks fern

[15:04] {dino} gj

[15:05] {larisa} just a try 20K, so how much when you are serious ? :) gj ese

[15:05] {dino} fslr -70 pts in aug.

[15:08] {Threei} why do I feel market snpaback so strongly

[15:08] {ese} thats about the extent of it laris.......20 is about all i can handle.......this had the same kind of action tha FITB had back in Feb/Mar....so i felt comfortable with it

[15:09] {larisa} :)

[15:12] {Threei} NSANY $1.025B auto loan backed TALF eligible deal has reportedly been launched - unconfirmed report (13.89, -0.06, -0.43%)

[15:13] {ese} done for the day all.......see ya tomorow

[15:14] {dino} cya es

[15:18] {Threei} 000270.KS Reports Aug US sales +37% y/y to 40.1K units

[15:18] {Threei} cars are out... crap is in

[15:19] {dino} ks?

[15:20] {Threei} Kia

[15:21] {Threei} SVA tripped

[15:22] {Threei} no news that I see

[15:25] {Threei} this is from 14:15

[15:25] {Threei} US President Obama: Expect to begin voluntary H1N1 flu shot program soon; prepared for contingencies

[15:25] {Threei} NVAX BCRX ROG.SZ GILD GSK HEB AVII

[15:25] {Threei} AVII all the way back in to

[15:26] {dino} intc close to thurs. close gap fill

[15:48] {nemo} gnite c u l8tr

[15:49] {larisa} bye :)

[15:54] {Threei} too bad no time left

[15:54] {Threei} thos SVA drop woudl deserve atention

[15:55] {Threei} okay guys, thank you all

[15:55] {Threei} have a good evening, see you tomorow

[15:55] {larisa} later :)

[16:01] {dino} gn all

[16:01] {Threei} HOLX FDA Clears Hologic''s MammoSite(R) ML Radiation Therapy System for the Treatment of Early-Stage Breast Cancer (16.20, -0.26, -1.58%)

[16:04] {larisa} wow HOLX

Aug 312009

Not bad for the Monday and last day of the month: slow but steady 40 cents on VICL, 20 cents on BAC, something decent on AIG, 15 cents stop on half lot attempt to shoret RIMM, then nice momentum play on SVA. All in all, August was a very nice month for us.

Session Time: Mon Aug 31 00:00:00 2009

[07:52] {magoo} morning

[07:56] {Threei} good morning

[07:57] {magoo} :)

[07:58] {magoo} neg comments on AIG this morn...overpriced

[07:58] {Threei} LOL

[07:58] {Threei} it's overpriced ever since it started moving at all

[08:04] {Threei} SVA H1N1 Vaccine Passes Experts Evaluation Organized by SFDA

[08:04] {Threei} Sinovac Biotech H1N1 Vaccine Passes Experts Evaluation Organized by SFDA

[08:04] {Threei} - Announced today that Sinovac''s H1N1 vaccine has passed the experts evaluation organized by State Food and Drug Administration (SFDA).

[08:04] {Threei} - The vaccine is expected to obtain the production license within this week.

[08:04] {Threei} - Sinovac submitted the H1N1 split influenza vaccine without adjuvant for registration approval, which is applicable to all people from 3 to 60 years old.

[08:04] {Threei} - The dosage is 15ug/0.5ml/dose. Only one shot is needed for inoculation.

[08:21] {Threei} SVA is quite perky

[08:22] {Threei} in the same group, BCRX is so so

[08:22] {Threei} NVAX is miserable

[08:43] {brian3579} gm all

[08:43] {Threei} brian :)

[08:44] {nemo} mischief maker has joined the crowd

[08:44] {Threei} that's your way to annouce your arrivale nemo?

[08:44] {Threei} sheesh, typing

[08:45] {nemo} no...Loki...Thor's brother

[08:45] {Threei} celtic mythology?

[08:45] {nemo} Ragnaroc must be upon us...Norse

[08:46] {nemo} Days of the week in English actually come from Norse mythology

[08:46] {nemo} Thursday is Thor's day

[08:46] {nemo} Wednesday Wodin (Odin)

[08:46] {nemo} Friday Freia, etc.

[08:46] {nemo} I got more useless trivia than Carter has little liver pills

[08:47] {brian3579} jokes nemo

[08:47] {brian3579} one a day

[08:47] {Threei} (US) NY Fed's Dudley: Still "a long way to go with MBS purchases", more likely than not Fed's Balance sheet will reach $2.5T - CNBC

[08:47] {Threei} - MBS purchases were effective

[08:47] {Threei} - to contradict market expectation that Fed will complete the MBS program is a high hurdle

[08:47] {Threei} - Fed Tsy purchase program was always more ambiguous than MBS and agency purchases

[08:47] {nemo} oy...the pressure

[08:50] {magoo} R

[08:50] {magoo} A

[08:50] {magoo} V

[08:50] {magoo} E

[08:50] {magoo} N

[08:51] {Raven} hey OOGAM

[09:04] {larisa} good morning :)

[09:05] {Threei} larisa :)

[09:05] {larisa} :)

[09:09] {ese} good morning.........i'm back permantly

[09:10] {Threei} ese!

[09:10] {nemo} ese?

[09:10] {ese} that may be bad news....

[09:10] {ese} vad nemo.......!!!!!!

[09:11] {ese} feels like learning this all over again.....

[09:11] {Threei} trip was good I take it

[09:12] {ese} very good......invitations to go back etc etc....hosts were terrific

[09:13] {ese} not to mention the country itself.........flatter than Saskatchewan and manitoba but beautiful

[09:13] {ese} highest point is only 187 meters

[09:14] {Threei} keep an eye on ETFC as possible squeeze

[09:14] {Threei} touches on Fri high

[09:15] {ese} you bet

[09:15] {fernp} good morning everybody

[09:15] {Threei} fern :)

[09:16] {Threei} also, AXL

[09:17] {Threei} AXL Announces waiver extending termination date of credit pact to Sept 15 - filing

[09:17] {Threei} not sure about news impact... spiked on it, retreated back

[09:17] {Threei} but look at daily

[09:18] {dino} gm all

[09:18] {Threei} dino :)

[09:19] {dino} welcome back es

[09:20] {Threei} FASB Issues Exposure Draft for Proposed Accounting Standards Update, Improving Disclosures about Fair Value Measurements

[09:20] {Threei} - The proposed Update would affect all entities that are required to make disclosures about recurring and nonrecurring fair value measurements. The deadline for comments on the proposed Update is October 12, 2009.

[09:25] {magoo} BJS DCTH

[09:25] {magoo} VG

[09:26] {Threei} DCTH FDA Grants Delcath Orphan-Drug Designation for Doxorubicin

[09:27] {patel} good morning

[09:27] {Threei} BJS bought out

[09:27] {Threei} patel :)

[09:30] {Threei} Long Setup: SVA 7.10

[09:31] {Threei} if stays above 7

[09:36] {Threei} Long Setup: VICL .55 break if stays above .45

[09:37] {Threei} Preview: August Chicago Purchasing Managers Index due out at 9:45amET

[09:37] {Threei} **consensus expectations: 48.0e v 43.4 prior

[09:37] {Threei} - estimates range from 45 to 52.5

[09:41] {Threei} VICL if works, not a scalp for me

[09:45] {Threei} AUG CHICAGO PURCHASING MANAGERS INDEX: 50.0 V 48E

[09:45] {Threei} Long Setup: BAC .65 break

[09:45] {Threei} if holding above .55

[09:46] {Threei} **sub-indices:

[09:46] {Threei} - Prices Paid: 50.0 v 35.0 last

[09:46] {Threei} - New Orders: 52.5 v 48.0 last

[09:46] {Threei} - Employment: 38.7 v 35.3 last

[09:46] {Threei} - Inventories: 27.5 v 25.4 last

[09:46] {Threei} - Supplier Deliveries: 54.6 v 49.6 last

[09:46] {Threei} - Production: 52.9 v 43.3 last

[09:46] {magoo} UNG vad

[09:46] {Threei} yikes

[09:46] {Threei} don't want to touch nat gas with 10 ft pole

[09:47] {Threei} belonging to nemo

[09:47] {nemo} what?

[09:48] {Threei} never mind

[09:48] {nemo} you're being scatalogical

[09:48] {Threei} market sells off on good numbers

[09:48] {Threei} bodes well for a topping

[09:48] {nemo} and we're in bac why?

[09:49] {Threei} because it set up?

[09:49] {nemo} if market selling off on good numbers?

[09:49] {Threei} sighf

[09:49] {Threei} what happened first, BAC setup of market reversing down on good numbers?

[09:53] {Threei} everything one can think of points out to rally end

[09:53] {Threei} the only problem I have is

[09:53] {nemo} you being the contrarian

[09:53] {Threei} it would be the most broadly called reversal on my memory

[09:54] {nemo} just like the head and shoulders in July or was it june

[09:54] {larisa} SQNM what s up

[09:55] {Threei} SQNM Ticking higher, hearing strength being attributed to chatter of positive results for certain products related to down syndrome detection (5.70, +0.42, 7.95%)

[09:55] {bluejet} gm

[09:55] {Threei} blue :)

[09:55] {nemo} ford

[09:55] {ese} historically......in down turns like this....the avg market retracement(rally) is 70%....we ain't near that yet

[09:56] {Threei} - Reminder: On April 29 -Expected launch of its SEQureDx Down syndrome test is delayed, due to the discovery by company officials of employee mishandling of R&D test data and results.

[09:56] {ese} if history holds true(avg history) we have about 20% left to go

[09:57] {ese} people calling end of the rally are in lfor trouble i think

[09:57] {Threei} they do it for the last 3 months

[09:57] {Threei} they will be right at some point

[09:57] {ese} eggzactly

[09:58] {magoo} SVA

[09:58] {magoo} moving

[10:00] {Threei} it is... just not in a readable fashion...

[10:00] {Threei} SQNM is serious

[10:03] {dino} sm wide l clw .00

[10:06] {dino} ice

[10:07] {ese} l sqnm .10

[10:07] {dino} vit sm l .80

[10:07] {Threei} frikin SVA

[10:07] {magoo} i took ity

[10:08] {magoo} +.65

[10:08] {Threei} to spot a winner early and not find the way to utilize it is one thing I hate the most

[10:08] {ese} out sqnm .16 +.06

[10:08] {ese} phewwwww that felt good

[10:08] {dino} gj

[10:08] {Threei} NVAX is moving too

[10:08] {ese} tks dino.......when you don't make a trade for a while it feels weird

[10:09] {Threei} all swine flu stocks

[10:09] {dino} i hear ya bro

[10:09] {Threei} ISTA Ticking higher, hearing chatter that drug data may come out better than expected (6.11, +0.29, 4.98%)

[10:11] {Threei} Long Setup: AIG .60 break half lot

[10:11] {Threei} stop under .40-.45

[10:11] {Threei} VICL 1:1

[10:12] {patel} i took half off on VICL

[10:12] {Threei} AIG over1:1

[10:12] {magoo} IN OUT VAD

[10:12] {magoo} aig

[10:12] {magoo} FL

[10:14] {magoo} OUT VICL .69 ty VAD

[10:15] {Threei} why is FITB happy

[10:18] {Threei} crap

[10:18] {Threei} totally missed ETFC

[10:19] {Threei} I think my brain's stuck in weekend mode

[10:19] {nemo} Funny...I thought it was stuck somewhere else

[10:21] {dino} slapppppppp

[10:21] {nemo} hehehehe

[10:21] {Threei} BAC 1:1

[10:24] {Threei} lol AIG moved 2 points from entry

[10:25] {fernp} out BAC. ty Vad

[10:25] {Threei} who is partialling BAC, move stop to under .65

[10:40] {Threei} to under .70

[10:43] {ese} dabbling NVAX l .15

[10:43] {Threei} nice spike into 1:2

[10:43] {Threei} done with BAC

[10:44] {fernp} nice play. Vad

[10:44] {Threei} ty

[10:44] {Threei} even with no brain (or thanks to its absence), I have my moments

[10:45] {Threei} actually... 3 for 3 so far today?

[10:45] {fernp} yeah

[10:45] {ese} expect nothing less chief

[10:45] {Threei} plus couple missed ones which discretionary huys like magoo took and profited from... for which we hate them

[10:45] {Threei} oh ese, you have no idea... magoo made absolutely indecent money while you were away

[10:46] {Threei} then again, there was never much decent about magoo...

[10:46] {magoo} :)

[10:46] {dino} have to agree magoo ewas indecent w/aig

[10:47] {Threei} indecent stock, too

[10:47] {ese} nice mags.......expecdt nothing less there as well

[10:47] {Threei} reverse split... kiss of death in 99 out of 100

[10:47] {magoo} MAGOO FAINTS...HEAD HITS KEYBOARD..ACCIDENTLY BUYS aig AT 47

[10:47] {ese} VICTORIA SECRET?

[10:47] {magoo} HEAD HITS CAPS BUTTON AS WELL

[10:47] {magoo} ]

[10:48] {magoo} made like 15 k on it in 2 days

[10:49] {ese} nice........thats the magoo we've come to know and love

[10:49] {Threei} I don't think you are allowed to do tat mags

[10:49] {magoo} whats "tat" vad?

[10:50] {Threei} I'll have to look into rules but on top of my memory I think you'll have to send like 70% back

[10:50] {magoo} tat=take a trade?

[10:50] {Threei} I'll administer it for you

[10:50] {Threei} just send them to me

[10:50] {magoo} lets hope they break the trades (NOT)

[10:51] {Threei} lol, not with THIS volume

[10:53] {Threei} who ever heard of DOW gaining 4% in August

[10:53] {nemo} that was weird...laptop just STB'd

[10:54] {dino} ohhh mannn, cyber crash

[10:58] {Threei} OK

[10:59] {Threei} I think we finally ailed down the percentage of idiots

[10:59] {Threei} nailed

[10:59] {Threei} 29% Confident That Congress Knows What Its Doing on Economy

[10:59] {nemo} you have to add in those who are not sure also

[11:01] {Threei} those are just 4%

[11:01] {Threei} I will count them as "were to drunk to understand the question"

[11:01] {nemo} frickin humanitarian

[11:02] {Threei} come on VICL

[11:02] {Threei} time to break that .70 and proceed to ward 5

[11:06] {Threei} US Defense Sec Gates: New presidential helicopters will be vetoed (related LMT NOC )

[11:09] {Threei} what's with NANO

[11:16] {Threei} AGEN Hearing chatter company may receive approval in Europe for Oncophage (2.22, +0.08, 3.74%)

[11:21] {dino} out clw .56, +.56 ugh!!!!!!!, had 1.19 and sever crashed

[11:21] {Threei} yuck

[11:21] {Threei} anyway... .56 is nothing to zneese at

[11:22] {dino} leaving bad taste

[11:22] {nemo} aig vad

[11:23] {Threei} ?

[11:25] {nemo} hah, nevermind, I use this outboard video card w/one of the monitors, gave me a visual that wasn't accurate

[11:28] {Threei} good boy VICL

[11:30] {dino} \vit to b/e

[11:42] {dino} out vit .09 +.29

[11:43] {dino} neu games again, thin

[11:53] {Threei} SCLN Hearing chatter concerning positive sales of Zadaxin in China due to H1N1 (4.77, +0.19, 4.15%)

[11:58] {Threei} Mass. Governor to make announcement at 3pmET on the special election for Senator Kennedy's seat

[12:06] {magoo} sva xplosion

[12:07] {Threei} Market Internals update at 12:00pmET

[12:07] {Threei} - NYSE volume 475M shares, about 5% above its three-month average; decliners lead advancers by 7.8:1.

[12:07] {Threei} - NASDAQ volume 1.0B shares, about 3% above its three-month average; decliners lead advancers by 3.1:1.

[12:07] {Threei} no new news

[12:16] {magoo} SVA

[12:16] {Threei} SVA losing its mind

[12:17] {Threei} psst, VICL... look at SVA

[12:19] {Threei} let's see how well I knowe magoo... in SVA from 2.15?

[12:19] {Threei} 8.15

[12:21] {dino} sm l snda .40

[12:22] {nemo} Gonna' be in January...big deal is whether they rescind the law they passed in 2004 to get a temporary appointment for Kennedy

[12:27] {magoo} betting on me after i mention it repeadly....u can betr your left nut im in vad

[12:28] {Threei} well, did I get price right?

[12:29] {magoo} much lowe5r

[12:30] {Threei} VICL, aren't you a thing of beauty

[12:30] {Threei} [09:41] {Alert} Threei VICL if works, not a scalp for me

[12:31] {nemo} bac bounced off original trigger

[12:33] {Threei} NVAX

[12:34] {Threei} BCRX next?

[12:34] {magoo} yes

[12:34] {Threei} sector momo

[12:34] {Threei} snezing swines can fly

[12:35] {Threei} ok... out 2/3 VICL +.35

[12:35] {magoo} goot .34 SVA

[12:40] {ese} just back....out nvax ,25 +.10

[12:40] {Threei} you missed magoo making out like bandit again

[12:41] {Threei} (GE) Gemarny's Merkel: no bank should be so big it can blackmail governments

[12:41] {Threei} - calls for a G-20 agreement regarding the maximum size of banks

[12:42] {Threei} (AS) Austrian Fin Min: ruling coalition will support introduction of a financial transaction tax at tomorrow's ministerial meeting

[12:42] {Threei} (FR) French President Sarkozy: France and German share position that G-20 summit should result in tight financial oversight

[12:42] {Threei} Europe is losing it

[12:42] {Threei} not that USA will be too far behind

[12:43] {Threei} says France and Germany will apply limits to bonuses regardless of what the G-20 does

[12:49] {Threei} question guys

[12:49] {Threei} with all my repeated many times "watch the momo, learn to recognize it and play it",

[12:50] {Threei} any advancement in this department?

[12:50] {Threei} you undertand the reason for it

[12:50] {Threei} it's next to impossible to call exact entries on these movers

[12:51] {Threei} but their potential is huge

[12:51] {Threei} so to utilize them you need to learn to recognize them

[12:52] {Threei} everyone's alseep... magoo, for the rest of the week I am talking to you only

[12:52] {ese} magoo escaping with a fortune again ehhhhhhh

[12:52] {Threei} and to dino, because if I talk to you only I'll need serious psychiatric help

[12:53] {Threei} nemo, I am not going to read your dcc, I know it says "as if you don't need it now"

[12:53] {nemo} sorry...I had to step away to fix a barn door

[12:53] {ese} good first day back for me......but i'm off to school to get some work done.....catch you all tomorow.

[12:53] {Threei} take care ese

[12:53] {nemo} No, that was much too simple

[12:53] {ese} see ya vad

[12:54] {nemo} If I took that one, it would be like taking candy from a baby (which is fine if you want the candy)

[12:54] {Threei} or plainly dislike the baby

[13:08] {Threei} strange... I thought BCRX would be a leader in swine flu races

[13:08] {Threei} and it's one of the tamest

[13:10] {dino} snda stopped

[13:17] {Threei} Short Setup: RIMM .30 break half lot

[13:18] {Threei} stop above .40-.45 if triggers from here

[13:18] {Threei} inval;idating level though is above .50

[13:18] {Threei} half lot - not because RIMM is too dangerous or volatile here

[13:18] {Threei} mostly because I want ease in inshorts

[13:19] {Threei} we don't know yet whether we really roll over into bearish mode

[13:19] {Threei} last thing I want is to turn into "let's short it, it's too high"

[13:20] {dino} igk l .45

[13:21] {Threei} Reportedly Representatitve Waxman is probing reports of health care coverage being canceled for small businesses after employees becom ill

[13:21] {Threei} - reminder: on 8/18 WSJ reported Reps Waxman and Stupak send letter to the health insurers requesting info on pay and business practices

[13:21] {Threei} is it real?

[13:21] {Threei} I mean,. someone gets ill, they cancel coverage for whole business?

[13:22] {Threei} or is it continuing effort to demonize insurers?

[13:22] {larisa} may be business is just 1 worker :)

[13:29] {nemo} what I miss, had to go chase some guinea hens back into their pen

[13:30] {Threei} scroll up key doesn't work?

[13:30] {nemo} lazy, thought I'd ask

[13:30] {Threei} sigh

[13:31] {nemo} ahh, Rimm short

[13:31] {Threei} so, what's with TV buzzing that bailout money bring profit to govt?

[13:32] {Threei} were all doomsayers wrong?

[13:32] {Threei} all is not lost?

[13:39] {nemo} 2012 is just around the corner

[13:50] {dino} govt pump and dump

[13:51] {nemo} fcx C&H?

[13:51] {nemo} eh...R/R doesn't look that good

[13:52] {magoo} S

[13:52] {magoo} V

[13:52] {magoo} A

[13:57] {Threei} you think?

[13:57] {magoo} i think 10 today..just a feel

[14:02] {Threei} you bribed it?

[14:02] {magoo} needs take .40...then .67 then.91

[14:02] {Threei} 'cause it certainly acts like it heard you

[14:02] {Threei} F Chief Sales Analsyt: US auto sales rose in Aug from year ago; total industry may report first y/y increase since late 2007

[14:02] {Threei} - says industry inventories can not sustain Aug sales levels for the rest of the year

[14:02] {Threei} green shoots become greener

[14:05] {magoo} AIG getting kicked

[14:06] {Threei} I am checking availibility periodically...

[14:06] {Threei} not available

[14:06] {Threei} Market Internals update at 2:00pmET

[14:06] {Threei} - NYSE volume 625M shares, about 2% below its three-month average; decliners lead advancers by 7.9:1.

[14:06] {Threei} - NASDAQ volume 1.37B shares, about 2% below its three-month average; decliners lead advancers by 3.2:1.

[14:06] {Threei} White house Press Sec Gibbs: Strong relationship with Japan will continue

[14:06] {Threei} I stand corrected about idiots

[14:06] {Threei} 29% +1

[14:07] {Threei} will not begrudge Japan for seeking stronger ties with Asia

[14:07] {Threei} no?

[14:07] {Threei} come on... how dare they

[14:08] {nemo} crissakes we gave them baseball

[14:09] {Threei} and they seek ties with Asia, ungrateful basterds

[14:09] {nemo} emphasis on 'terds'

[14:09] {Threei} as if they are located there

[14:09] {Threei} wait...

[14:09] {brian3579} funny that counts as one joke

[14:12] {nemo} I'll never forget...back in the 70's and 80's all you ever heard about were how American's were such idiots about geography...so, I'm over in Germany in the late 80's and this woman asks me, "Is Boston on the east coast, or west coast."

[14:12] {Threei} SVA.....

[14:12] {Threei} .35 break maybe...

[14:13] {Threei} that's nothing nemo... no one will beat NY salesperson who, when I asked whether they ship to Canada, asnwered: sorry, we do not ship overseas

[14:13] {nemo} that's a good one

[14:14] {brian3579} how do you respond to that?

[14:14] {nemo} go to the bar

[14:14] {Threei} in the most honorable way I knew

[14:14] {Threei} I fainted

[14:17] {Threei} well SVA

[14:17] {Threei} can you or can you not

[14:22] {nemo} quite the back up @ .35

[14:28] {nemo} C&H on aig?

[14:30] {Threei} pullback into 43.5 to retest double bottom confirmation level was a valid play... this is not really

[14:47] {magoo} RISKY..SVA needs to take .high...

[14:47] {magoo} then launch

[14:48] {magoo} vadstrigg .35

[14:48] {Threei} IMO, .35 - .36 level if broken, should launch it

[14:48] {magoo} agree

[14:48] {magoo} ..pause in .70 area..then

[14:48] {magoo} 10

[14:48] {Threei} I wish it held .20 on pullback, so stop would be strictly defined

[14:48] {dino} fcx stop to .30, thx nemo

[14:48] {magoo} yea...a lil nasty

[14:48] {Threei} but momos are momos, technicals do not rule them

[14:49] {magoo} im in

[14:49] {dino} out +.30

[14:50] {magoo} 3 pm..move will do or kill

[14:54] {Threei} IMF Chief Economist Blanchard: Central banks reserves have not influenced growth; accumulated FX reserves are not efficient (related USD/CNY EUR/CNY )

[14:57] {Threei} toughie mags

[14:57] {magoo} yea..was just saying to dino.,...trades like donkey now

[14:58] {magoo} in .15 here

[14:58] {Threei} maybe because it's AMEX

[14:58] {magoo} really REALLY thought it was going

[14:58] {Threei} ECNs changed it greatly but still... long tradition of weird moves

[14:58] {magoo} i got 3k too...so, worried

[14:59] {Threei} well... as classic book says, sell down to sleeping level

[14:59] {magoo} yea...might be scalpin soon

[15:00] {Threei} this is going to be interesting:

[15:00] {Threei} Reynolds American Inc File Suit with other tobacco manufacturers Challenging Provisions of FDA Tobacco Act

[15:00] {Threei} - joined other tobacco manufacturers and a tobacco retailer in filing suit today in federal court in Bowling Green, Ky., seeking to protect their First Amendment right to communicate with adult tobacco consumers about their products. The law passed by Congress in June, granting the U.S. Food & Drug Administration (FDA) regulatory oversight over tobacco products, contains several provisions restricting or banning truthful speech, contrary to the requirements of the First Amendment.

[15:02] {dino} and ironicallt the govt subsides the growers

[15:02] {Threei} yeah

[15:02] {nemo} pays them not to plant

[15:02] {Threei} and makes out like bandit on sin taxes

[15:03] {dino} if you think about it, smokers die youinger, so save on heath care costs

[15:03] {nemo} not unlike oil, when congress whas decrying the "obscene profits" yet collecting a healthy chunk on every domestically produced barrel

[15:03] {dino} mother hen govt

[15:04] {dino} gok drop

[15:06] {nemo} still can't short aig

[15:07] {dino} nor i

[15:07] {dino} thinking about puts

[15:09] {nemo} huh, wfc actually strong today, considering

[15:11] {dino} didn't get expected downgrade from moodys

[15:17] {magoo} SVA certainly not easy vad

[15:17] {Threei} no

[15:17] {Threei} listen... let's play it by the book

[15:17] {Threei} sell 2K here

[15:17] {dino} hl l gok ave .51

[15:18] {Threei} take &200 profit

[15:18] {Threei} keep stop under 9 for the remaining 1K,

[15:18] {Threei} worst comes to worts, you are roughly flat after commissions

[15:18] {Threei} if it works, just let this last K ride

[15:19] {Threei} I underastand the desire to squeeze all possible out of it, but it's not worth $500 risk'

[15:19] {Threei} you had too good month to spoil it on last day

[15:20] {magoo} ok

[15:21] {Threei} finally

[15:22] {magoo} out BIG DOOUGH

[15:22] {brian3579} that 10 call looks good

[15:22] {Threei} I am out here too

[15:22] {magoo} thanx coach

[15:22] {Threei} always

[15:22] {fernp} wonderful SVA. great play

[15:22] {magoo} could have just as easily killed me

[15:23] {Threei} that's what risk control is for...

[15:23] {Threei} leave it to amateurs to go all in and count on making a killing on a single play

[15:23] {Threei} you took it fern?

[15:23] {magoo} let me refraize...could have been stopped

[15:23] {fernp} no

[15:23] {larisa} where did you enter on SVA, I was away?

[15:23] {fernp} too dangerous for me

[15:24] {Threei} magoo at .15 larisa

[15:24] {Threei} I took .35 break

[15:24] {nemo} what was the stop?

[15:24] {magoo} mine was .97

[15:25] {magoo} never lower than .04 i think

[15:25] {magoo} while i was in

[15:25] {magoo} now like 10

[15:25] {Threei} sheesh, not done

[15:25] {nemo} what was your stop vad?

[15:25] {Threei} pace picks up again

[15:25] {dino} igk to .57

[15:25] {Threei} it wasn't going to stop me

[15:26] {Threei} this pace explosion was no breainer

[15:26] {Threei} offered 1K at .48, 1 at .55 and 1 at .69

[15:27] {dino} out ave .55, +.10

[15:27] {Threei} and if it did urn around stop would be defined in terms of p;rice level

[15:27] {Threei} I bought on momentum,. not on technicals

[15:28] {Threei} so momentum reversal would stop me out

[15:28] {magoo} vad...this momo has been like ole days for us

[15:28] {magoo} thats why iom doing well

[15:28] {Threei} second half of august, no less

[15:28] {magoo} i need the momo

[15:28] {Threei} of all trading months, lol

[15:29] {dino} you should change your nick to mogoo

[15:29] {nemo} Trade what you see, not what you think...

[15:29] {magoo} agree nemo..

[15:29] {magoo} with a dash of "feel" and a smidge of luck

[15:30] {magoo} that could easily see 11 today

[15:30] {larisa} I bet no 10 SVA

[15:30] {magoo} i am not in

[15:30] {magoo} ggggggggrrrrrrrrrrrrr

[15:30] {Threei} what's the bet larisa?

[15:30] {Threei} I'll take it

[15:31] {larisa} it is topping

[15:31] {Threei} nope

[15:31] {magoo} nope

[15:31] {larisa} lol

[15:31] {larisa} men

[15:31] {magoo} it is consolidating

[15:31] {Threei} it's resting

[15:31] {Threei} gathering power

[15:31] {larisa} ok :)

[15:32] {Threei} inhales... exhales...

[15:32] {magoo} to resume its trek upward

[15:32] {Threei} massages muscles

[15:32] {larisa} tomorrow may be

[15:32] {magoo} today

[15:32] {nemo} turn around tuesday

[15:32] {magoo} thats dino's slogan:)

[15:32] {nemo} " turn around tuesday"

[15:34] {larisa} oh oh

[15:34] {nemo} .40 range on spy and .20 range on Qs since 10

[15:34] {magoo} here we go

[15:34] {Threei} what's the bet??? :)

[15:34] {magoo} a drink in vegas

[15:34] {dino} ok

[15:35] {Threei} 5 cents left... come on SVA

[15:35] {magoo} i went to reliable sourse...yahoo message board say it will be 20 by friday lol

[15:36] {Threei} I feel humbled by the welath of knowledge, mags

06[15:37] * Threei kicks SVA in the rear end

[15:37] {larisa} technicals show no 10.. of course there is always stupid momo :)

[15:38] {magoo} but the message boards larisa...they dont lie

[15:38] {larisa} thats true :)

[15:38] {Threei} you underestimate the stupidity of three factors put together:

[15:39] {Threei} me, magoo and momo

[15:39] {magoo} um..momo is my thing'

[15:39] {Threei} these 3M and capable of outstupiding anything you can think of

[15:39] {magoo} my best momo trade ever vad...remember? years ago

[15:39] {Threei} and = are

[15:39] {Threei} hmmm... remind me

[15:40] {magoo} bidu ipo...it went to like 160

[15:40] {Threei} I remember losses well... wins, not so much

[15:40] {Threei} oh yeah

[15:40] {magoo} 20k

[15:40] {Threei} that was beyond stupid {G}

[15:40] {magoo} and i was there:)

[15:40] {Threei} and I was with you

[15:40] {larisa} wow, really?

[15:41] {magoo} yup..screaming all thge way lol

[15:41] {Threei} yeah... magoo traded, what's the word... "stupidly"?

[15:41] {magoo} hell larisa, did 12k on AIG onee ttade

[15:41] {magoo} last week

[15:41] {larisa} :)

[15:41] {magoo} momo..is why

[15:42] {larisa} 33.80 vads call i didi not take AIG :)

[15:42] {Threei} I am happy when it's around... 'cause when it goes away, magoo starts nagging me for a trade :)

[15:42] {magoo} but, ive gotten pummeled too...it aint easy

[15:43] {Threei} 33.80 was safe call, I don't know why you skipped it back then larisa

[15:43] {Threei} nice tight stop

[15:43] {larisa} your way is too emotional magoo, I want to stay sane so my husband do not kick me out :)

[15:43] {larisa} AIG is just too wild fo rme

[15:43] {Threei} yes, for the most part

[15:43] {Threei} but sometimes it tightents

[15:43] {Threei} and gives normal setup

[15:44] {Threei} so you have best of both world

[15:44] {Threei} normal stop,

[15:44] {Threei} but if it works - momentum and its wild nature make a win real big

[15:44] {larisa} :)

[15:44] {larisa} real big is for men

[15:45] {larisa} I am just a girl :)

[15:46] {Threei} so, the only stop today is that 15 cents on half lot RIMM

[15:46] {magoo} but actually...what ive learned...is just let the winner win...with AIG, it momo up...never stopped us, and instead of scalp, let it run run run 4 points

[15:46] {Threei} and it's the only short

[15:46] {magoo} my second best day of year vad..thank u

[15:47] {Threei} good to hear :)

[15:47] {nemo} must be your best month

[15:47] {magoo} and i want more tomorrow u can bet:)

[15:47] {brian3579} thats why im back cant let winners win

[15:49] {magoo} seriously, thats one thing ive been working on

[15:49] {Threei} ok SVA

[15:49] {Threei} last chance

[15:50] {magoo} u in?

[15:50] {Threei} don't let me lose my bet

[15:50] {Threei} I parialed out almost everything mags,. have just lousy 300 shares left

[15:50] {Threei} bet must be honest... if I think it goes, I gotta trade it :)

[15:51] {magoo} yea..i knew that:)

[15:51] {Threei} brian, you traded VICL today?

[15:51] {Threei} that was the one to hold

[15:51] {Threei} I alerted beforehand that it was not going to be a scalp

[15:52] {larisa} SQNM missed it

[15:52] {brian3579} no

[15:52] {Threei} no fresh news SQNM

[15:52] {brian3579} but thats a trade i would have trouble with

[15:53] {Threei} ok... next time such trade comes around, I'll grab 2x4 and guide you through it

[15:53] {brian3579} k thank you

[15:53] {Threei} 7 minutes left... larisa is winning

[15:56] {magoo} id call this day awin for the bulls

[15:57] {magoo} this mkt is sick {as in strong}

[15:57] {Threei} well, it's slightly red on lower volume

[15:57] {Threei} so... so far it qualifies as merelt pullback

[15:58] {Threei} 1 min

[15:59] {Threei} ok larisa

[15:59] {Threei} I concede

[15:59] {Threei} 5 cents shy

[15:59] {Threei} or after hours counts?

[15:59] {dino} out gok .41-.10, out aef ave .33 +.07

[16:00] {larisa} AIG exploded into close

[16:00] {Threei} President extended his break

[16:00] {Threei} who complained that couldn't trade without him on TV?

[16:00] {Threei} you'll have to wait longer

[16:01] {Threei} okay guys, thank you all

[16:01] {Threei} have a good evening, see yo tomorrow

[16:01] {nemo} \t66666666666666666666666666666665tr55555

[16:01] {larisa} bye :)

[16:01] {fernp} good evening everybody

[16:01] {nemo} sirrt sorry cat walked across keyboard

[16:02] {larisa} lol

[16:02] {dino} hcn blood

[16:04] {dino} gn all

[16:05] {magoo} thanx vad..all

Aug 28 2009

After a week of fireworks we had fairly quiet, I'd even say lacklustre Friday. Little scalp here, little stop there... couple better trades in second half of the day took us into slightly profitable territory and NVAX/BCRX run aadded some money and entertainment.

Session Time: Fri Aug 28 00:00:00 2009

[08:10] {Threei} AIG Shares are trading up over 10% ($52.76) in NY pre-market on no new appearant news (47.84, 0.00, 0.00%)

[08:10] {Threei} lol

[08:11] {nemo} well...not available to short, where else they gonna' go but up...

[08:14] {Threei} as if shorts is the only (or even necessary) thing that drives stocks down

[08:30] {fernp} good morning everybody

[08:30] {Threei} fern :)

[08:30] {patience} good morning guys....back from the sandy beaches of Parksville. how has trading been?

[08:31] {Threei} patience :)

[08:31] {Threei} fantastic

[08:32] {patience} is momo coming back?

[08:35] {Threei} on selected stocks

[08:44] {nemo} What were presonal Income/Spending?

[08:45] {Threei} JULY PERSONAL INCOME: 0.0% V 0.1%E; PERSONAL SPENDING: 0.2% V 0.2%E

[08:45] {nemo} ty

[08:55] {nemo} hi lari

[08:56] {larisa} gm nemo:)

[08:56] {Threei} larisa :)

[08:57] {larisa} :)

[08:59] {larisa} nemo, you need to turn off {joins}, {parts} {quits} etc. or you like to be in control and see whats going on on the channel ? :)

[08:59] {nemo} hehehehe

[09:00] {Threei} INTC Raises Third-Quarter Revenue and Gross Margin Expectations (19.47, 0.00, 0.00%)

[09:00] {nemo} that's what popped the qs

[09:00] {Threei} yup

[09:02] {Threei} INTC Guides Q3 Rev $9.0B (-/+ $200M) (implies $8.8B-9.2B v $9.07Be), Q3 GM 53% +/- 2 points v 59% y/y

[09:02] {Threei} ** Note on 07/14: Guides Q3 Rev R$8.5B (plus or minus $400M) (implies $8.1B-$8.9B v $7.81Be

[09:05] {magoo} morning

[09:05] {Threei} magoo :)

[09:06] {magoo} i didnt want AIG to gap over 50

[09:06] {Threei} nobody did

[09:08] {magoo} vad..i see 53.75 high

[09:08] {Threei} yup

[09:08] {magoo} u think its got a run to 55 in it?just from your experience

[09:09] {Threei} it all depends on whether squeeze is still in full bloom or it's a last drops being mined out

[09:09] {Threei} if squeeze is not over, 60 is just as likely

[09:10] {Threei} if it's a last gasps, shaking out last bears... can just reverse and go down with very few bounces

[09:10] {cosmo} gee...time to retire...last day here after all these years...

[09:10] {cosmo} for a week or so

[09:12] {Threei} hmm?

[09:12] {cosmo} lars gave me the idea...

[09:13] {cosmo} going to big foot contry

[09:13] {Threei} for a week?

[09:13] {cosmo} bigfoot that is

[09:13] {dino} gm all

[09:13] {Threei} dino :)

[09:13] {cosmo} at least a week

[09:14] {cosmo} honest....

[09:14] {dino} have fun cos

[09:14] {cosmo} i'll try

[09:14] {brian3579} gm all

[09:14] {Threei} brian :)

[09:15] {Raven} Oregon cosmo ?

[09:15] {nemo} Himalayas?

[09:15] {cosmo} yea...blue mountains

[09:15] {patel} good morning traders

[09:16] {Raven} that's WA ?

[09:16] {cosmo} OR too

[09:16] {Threei} patel :)

[09:16] {Raven} OK ... nice ... up near the Canuk border

[09:16] {patel} monday i be trading from home.

[09:16] {nemo} join the club

[09:16] {cosmo} Paulina

[09:17] {nemo} porizkova?

[09:17] {Threei} Bernanke identity theft on CNN

[09:17] {nemo} saw that yesterday...funny

[09:18] {cosmo} ....east of Prineville

[09:18] {Raven} I see it ... nice country

[09:18] {cosmo} ...taking a camera, just in case

[09:19] {Raven} lol ... those digital pics pretty expensive

[09:19] {larisa} a bit early, fall colors will come in 4-5 weeks :)

[09:19] {Raven} I like Burns and the Malheur NWR

[09:20] {Raven} but that is in the desert

[09:20] {cosmo} i'll fall before then i guess

[09:20] {Raven} sigh

[09:20] {Threei} OK guys, game plan:

[09:21] {nemo} buy stock, sell stock

[09:21] {Threei} let's be more careful today, we had fantastic week, especially for August,

[09:21] {Threei} easy to start feeling invincible

[09:21] {Threei} which is a surefire recipe for disaster

[09:21] {magoo} nemo. u forgot most importasnt ..for a profit

[09:22] {nemo} buy low sell high

[09:22] {nemo} Pride cometh before the fall...

[09:22] {Threei} first thing to do upon open is wait for sharp pullback,

[09:22] {Threei} that was market's trademark lately

[09:23] {Threei} and provided us with nice entries, like yesterday's first trade on HIG

[09:23] {Threei} then we will see what transpires, so far working assumption is uptrend

[09:24] {magoo} lets watch tech too vad...might be tech leader day as compared to say financials

[09:25] {dino} fotune favors the bold (but darkness lies one inch ahead)

[09:25] {cosmo} and darkness lies....

[09:26] {Raven} sigh

[09:26] {Threei} I second that

[09:26] {cosmo} just helping...i thot

[09:27] {magoo} i'm tired "of the lies" lol

[09:28] {nemo} life is chaos, absurdity and suffering...thank god for alcohol

[09:30] {magoo} u read my book?

[09:30] {nemo} no...it's part of some books I helped write (alcohol part is my personal touch)

[09:30] {nemo} frickin aig

[09:30] {cosmo} alth

[09:31] {nemo} resource stoks too

[09:32] {bluejet} GM

[09:32] {Threei} blue :)

[09:32] {nemo} ford

[09:33] {nemo} no shorty aig again today

[09:33] {Threei} OK

[09:33] {Threei} here comes HIG

[09:35] {Threei} Long Setup: HIG .70 break if holding .60

[09:35] {nemo} oops

[09:36] {nemo} nice vad

[09:36] {Threei} anyone caught it?

[09:36] {magoo} me

[09:36] {nemo} nope

[09:36] {fernp} missed here

[09:36] {Threei} over 1:2 mags

[09:36] {magoo} out .9 somethion

[09:36] {magoo} 91

[09:37] {cosmo} alth wants 7

[09:37] {nemo} use GETCO on that Vad?

[09:37] {cosmo} gonna heal

[09:37] {dino} alth l .95\

[09:37] {Threei} no

[09:37] {Threei} that was one I wanted in for sure

[09:37] {Threei} not to save couple bucks

[09:38] {dino} out .15, +.20 alth

[09:38] {Threei} nice

[09:38] {cosmo} :)

[09:39] {dino} ty

[09:39] {nemo} db hig?

[09:39] {Threei} yup

[09:39] {Threei} same setup

[09:39] {Threei} invalidated

[09:40] {Threei} let's see if new range presents itself

[09:40] {Threei} Preview: August Final University of Michigan due out at 9:55amET

[09:40] {Threei} **consensus expectation: 64.0e v 63.2 preliminary

[09:40] {nemo} good drop immu

[09:42] {Threei} Long Setup: HIG .60 if holding .50

[09:42] {nemo} too fast again

[09:43] {nemo} mags you get it

[09:43] {magoo} in

[09:43] {fernp} in

[09:44] {Threei} AIG is dropping fast

[09:44] {Threei} no worky HIG

[09:46] {dino} clw

[09:46] {Threei} shakeout

[09:46] {dino} thin

[09:46] {nemo} no volume though

[09:46] {nemo} hig below 23.50 got nothing until 23

[09:46] {Threei} huh?

[09:47] {nemo} yesteay @ 1:20 low of 23:42

[09:47] {nemo} 23.42 low of last 3 minutes .41

[09:47] {Threei} how is 1:20 significant?

[09:48] {nemo} that was the time on the chart of that price...just coordinates

[09:50] {nemo} it's also right at pivot

[09:53] {dino} snp sm l .50

[09:54] {magoo} hig no play nice

[09:55] {dino} stop is .19 fwiw

[09:55] {dino} stopped

[09:56] {magoo} i cant trade without obama on tv

[09:56] {magoo} not used to it

[09:56] {nemo} you can watch him tomorrow morning give the eulogy

[09:57] {Threei} rude of HIG

[09:57] {magoo} im driving up there tomorrow

[09:57] {dino} obama "i want you to pay higher taxes"

[09:58] {Threei} Long Setup: DELL .50 break

[09:58] {Threei} if stays abpve ,45

[09:58] {magoo} that if always gets me lol

[10:00] {Threei} invalidated

[10:00] {Threei} specifically for you mags

[10:00] {nemo} crikey

[10:01] {magoo} yea

[10:01] {dino} lol

[10:03] {dino} elon

[10:04] {dino} clw getting wide

[10:05] {magoo} i suk with rimm ..lately...but vad..it could be bouncer

[10:06] {magoo} not here..just saying to watch

[10:06] {dino} snp lod

[10:09] {fernp} INTC if breaks .40, Vad?

[10:12] {magoo} hig makes me cry

[10:12] {magoo} had 2k

[10:12] {nemo} where?

[10:12] {magoo} vads call

[10:12] {magoo} stopped out

[10:13] {Threei} ican't tell INTC

[10:13] {nemo} it bounced right at the confluence fo that 1:20 low and the pivot

[10:17] {magoo} fannie and freddie doin it

[10:18] {Threei} how do you know?

[10:18] {nemo} voyeur

[10:25] {fernp} double bottom WFC?

[10:28] {Threei} could be if market reverses

[10:28] {Threei} let's lwet it stabilize

[10:28] {Threei} not finding much so far

[10:29] {Threei} AUG FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 65.7 V 64.0E

[10:31] {nemo} getting volume pick up in wfc

[10:32] {nemo} immu had a nice little recovery

[10:38] {dino} sigm l .55

[10:40] {dino} vion blood

[10:44] {dino} aeh, aed, aef

[10:50] {nemo} wfc DB, then rose to .62 and then somebody tried a shakeout...if this breaks .64, is it a long?

[10:52] {dino} isg

[10:52] {Threei} I just can't tell

[10:52] {Threei} a bit patternless trading today

[10:52] {Threei} see me unusually quiet?

[10:53] {Threei} it's not coma yet

[10:53] {Threei} it's me not finding trades

[10:54] {magoo} hgsi ripps

[10:55] {dino} isp

[10:55] {dino} seems preferreds are running today

[10:58] {dino} snp sm l .50 last try

[11:03] {Threei} HGSI bounce time soon

[11:17] {brian3579} .

[11:18] {Threei} good point

[11:18] {nemo} Got joke for you brian

[11:18] {nemo} Guy goes into a store

[11:18] {Threei} uh oh

[11:18] {brian3579} ok

[11:18] {nemo} Sees all these jars of brains

[11:18] {nemo} all for sale

[11:18] {nemo} 1st jar: English brains 4.50 lb.

[11:19] {nemo} 2nd jar: French brains 3.80 lb.

[11:19] {nemo} 3rd jar: German brains 4.85 lb.

[11:19] {nemo} 4th jar: Italian brains 189.95 lb.

[11:19] {nemo} guy goes wtf!

[11:19] {nemo} How can those other brains be under $5 a lb.

[11:20] {nemo} and an italian's goes for so much?!

[11:20] {nemo} salesman says, "Have you any idea how many italians it takes to get a pound of brains?"

[11:20] {dino} roflol

[11:20] {nemo} by the way, I'm italian

[11:21] {nemo} well, 1/2

[11:22] {brian3579} good start keep them coming

[11:22] {larisa} no more than 1 a week

[11:22] {dino} hotdog walks into a bar, says i'll have a beer

[11:22] {brian3579} ok

[11:22] {dino} bartender says, sorry we don't serve food

[11:23] {larisa} lol

[11:23] {nemo} rimm shot!!!

[11:23] {brian3579} ohhhh

[11:23] {brian3579} when market is in coma

[11:23] {brian3579} joke time

[11:25] {brian3579} hgsi 20 break?

[11:25] {Threei} nah

[11:25] {Threei} .80 was it

[11:26] {Threei} 20, could be later on,

[11:26] {brian3579} k

[11:26] {Threei} if it consolidates for awhile

[11:26] {Threei} between .90 and 20

[11:26] {Threei} AIG fast drop

[11:28] {Threei} SEC reportedly delayed an inspection of a possible 'questionable' credit rating agency (related MCO MHP FIM.FR )

06[11:33] * magoo slaps laserdave around a bit with a large trout

[11:33] {Threei} way to stay focused mags

[11:35] {magoo} i was disappointed in my reation time..2 mins unacceptable :)

[11:36] {magoo} so glad i am not in AIG

[11:36] {magoo} i am fat..flat.. and looking at the gap

[11:36] {Threei} yup

[11:40] {magoo} no clue where it could bounce..up so much

[11:42] {Threei} retest of 51.50 from here

[11:42] {Threei} and if holding, bounce starts

[11:42] {Threei} big one

[11:42] {Threei} take it keep stip under .50 mags

[11:43] {Threei} I grabbed .63 between typing

[11:43] {Threei} bad typing too

[11:43] {Threei} out 1/3 .88

[11:44] {Threei} offering 1/3 more 52.25

[11:44] {magoo} i missed..went for coffee

[11:44] {Threei} jeez

[11:44] {magoo} or in a cvoma..your choice

[11:44] {Threei} and I risked missing it to type it in time for you

[11:45] {Threei} out

[11:45] {magoo} go ahead ..heckle me...made tons when u did

[11:45] {dino} tif sm s .70, stop .01

[11:45] {Threei} nah, just 25 cents

[11:45] {Threei} and -13 on the balance

[11:45] {magoo} C pummel

[11:45] {Threei} so all in all washout

[11:46] {Threei} but risk was small enough to try

[11:46] {magoo} no..it was good

[11:47] {magoo} lesson for room vad here...on stops..point out this because we been pushuing momo of late

[11:47] {Threei} momo or not... stop is stop

[11:48] {magoo} im trying to show down side of these type so newer traders dont get crushed

[11:48] {nemo} 50.50 was the low of yesterday, bounced

[11:48] {Threei} it's not for discussion, it's not for thinking, it's not for second guessing

[11:48] {Threei} it's for taking

[11:49] {dino} vad, the machine

[11:49] {nemo} Yep, I might have problems taking trades, but I got no problem taking stops

[11:49] {magoo} if it loses 50..UGH

[11:49] {Threei} then I have just an idea nemo

[11:49] {Threei} how about you take some of mine

[11:50] {nemo} stops...I never don't take them, slippage some times but that's it

[11:50] {Threei} AIG momo is just as good on the downside...

[11:50] {Threei} too bad we don't have inventory for it

[11:50] {Threei} would be thing of beauty to make money off it on both sides

[11:51] {magoo} was just thinkoing that

[11:51] {Threei} 'cause you know... it will take just one more idiot on CNBC giving it $500 target for it to drop 20 bucks more

[11:51] {nemo} other financials, except for GS falling

[11:52] {nemo} mmmmhhhhh fas and aig look alot alike

[11:52] {nemo} we can short fas or play faz

[11:52] {dino} clw sm l .34

[11:53] {dino} wide

[11:53] {wulff} RIMM short below 74

[11:53] {Threei} it's not the same nemo... 20 cents in FAZ?

[11:53] {Threei} nothing after all this dollars in AIG

[11:54] {Threei} nice setup wulff

[11:54] {nemo} I understand, but we can't make money on the downside of aig

[11:54] {Threei} if market breaks down, should be a beauty

[11:55] {dino} tif b\stop to flat

[11:56] {wulff} in .97

[11:57] {nemo} gap close aig

[11:57] {dino} out tif +.05

[11:57] {Threei} [09:10] {Threei} if it's a last gasps, shaking out last bears... can just reverse and go down with very few bounces

[11:58] {magoo} insightful..who said that

[12:06] {wulff} anyone in an AIG mood?

[12:06] {magoo} could see 45

[12:15] {nemo} oh boy

[12:16] {Threei} IA) IAEA: Iran has 8,300 installed centrifuges; slightly lower than prior; country has fulfilled request for better monitoring of Natanz plant

[12:16] {Threei} - Comments that the rate of increase stockpile of enriched uranium has slowed; stands at approx 1,510 kg

[12:16] {Threei} - Puts completion of Arak Heavy water plant at approximate 60%

[12:18] {Threei} wulff

[12:18] {Threei} start covering RIMM IMO

[12:19] {magoo} [12:06] {wulff} anyone in an AIG mood?

[12:19] {magoo} [12:06] {magoo} could see 45

[12:42] {dino} .

[12:42] {nemo} market died

[13:05] {Threei} Long Setup: AIG .10 break

[13:05] {Threei} half lot

[13:05] {Threei} if stays abobe .90

[13:06] {Threei} 1:1

[13:06] {Threei} easy money

[13:07] {Threei} and I never thought I'd say that about AIG'

[13:07] {Threei} 1:2, out

06[13:07] * Threei slaps magoo around a bit with a large coma-awakener

[13:07] {Threei} 1:3... without me

[13:09] {Threei} you all are asleep?

[13:09] {Threei} why do I bother then

[13:10] {larisa} call normal stock you will see some are alive :)

[13:10] {Threei} Long Setup: NORMALSTOCK

[13:11] {larisa} lol

[13:11] {Threei} nope

[13:11] {Threei} see... everyone's asleep

[13:11] {larisa} back to 55 ?

[13:12] {Threei} dunno, but so far looks good

[13:15] {magoo} lets stay on it vad

[13:15] {Threei} nope

[13:16] {Threei} I am, in words of former president, misunderappreciated

[13:16] {Threei} like dino

[13:16] {Threei} we will go to mountain cave, three of us

[13:16] {Threei} I, dino and 6 pack

[13:17] {nemo} better bring a few kegs

[13:17] {dino} indeed

[13:17] {Threei} good bye cruel world

[13:17] {larisa} 6 pack abs or somefing else ?

[13:18] {Threei} wrong age

[13:18] {Threei} after 40 - keep abs, gimmie my beer

[13:18] {larisa} wrong attitude, i bet dino is different !

[13:19] {Threei} well, dino is young in spirit

[13:19] {dino} i try larisa, but i fear i am losing the battle

[13:19] {Threei} yeah, sooner or later beer wins

[13:19] {Threei} time is on its side

[13:25] {dino} tyy drop

[13:30] {dino} miseed it

[13:30] {dino} dllr

[13:33] {Threei} 62% Like Tax Cuts Over More Government Spending

[13:33] {dino} tif

[13:33] {Threei} crap

[13:34] {Threei} 38%???

[13:34] {nemo} that's easy, that's the 38% that don't pay taxes anyway...if taxes get cut, they lose money

[13:34] {Threei} ok

[13:34] {Threei} ty

[13:35] {Threei} faith in humanity is back

06[13:35] * nemo slaps Threei around a bit with a large trout

06[13:35] * nemo slaps Threei around a bit with a large 2X4

06[13:35] * nemo forgot the nails

[13:35] {Threei} what was that for?

[13:35] {nemo} faith in humanity

[13:38] {Threei} wulff... tell me you covered RIMM

[13:39] {wulff} yes

[13:39] {Threei} :)

[13:40] {Threei} missed AIG call though

[13:40] {Threei} went up over a buck

[13:40] {Threei} with 20 cents stop

[13:40] {wulff} was at lunch

[13:40] {Threei} who said you guys are allowedd to leave during trading day anyway

[13:41] {Threei} with haklf lot, that was $500 lunch

[13:42] {wulff} I know...believe me

[14:05] {fernp} have to go. not a great day here, monday will be better. Have a nice weekend all

[14:05] {magoo} bye

[14:05] {Threei} take care fern

[14:06] {nemo} cya

[14:06] {Threei} we had 4 great ones in a row

[14:06] {Threei} one is so so

[14:08] {fernp} yeah. overall, week ended in positive :)

[14:08] {fernp} see you

[14:22] {dino} pard\

[14:26] {wulff} VAD going to be leaving the room at end of month

[14:27] {wulff} wanted to say thanks

[14:27] {dino} good luck to you wulff

[14:27] {wulff} TY

[14:27] {nemo} must have been my sense of humor

[14:27] {Threei} welcome wulff, hope it was a good experiwence

[14:27] {wulff} hardly

[14:28] {larisa} lol

[14:28] {wulff} the best

[14:28] {Threei} hardly good} or hardly nemo?

[14:28] {Threei} lol

[14:28] {larisa} rofl

[14:28] {Threei} hey, you know where to find us

[14:28] {wulff} feel like I am on the right side of the trade now

[14:28] {Threei} great :)

[14:29] {dino} wtg

[14:44] {Threei} US Govt: Iran still not fully cooperating with International community with regards to nuclear program

[14:44] {Threei} - Note: The IAEA gave a generally positive to neutral report on Iran's nuclear program earlier today

[14:45] {Threei} NVAX Spain has reportedly cleared another 330M in spending for H1N1 prevention (5.96, +0.31, 5.49%)

[14:46] {Threei} NVAX daily is encouraging

[14:46] {Threei} I wish it broke this high in a more solid fashion thatg this crazy spike

[14:46] {Threei} butit's back on a radar

[14:46] {Threei} with BCRX

[14:47] {Threei} look at the pace

[14:47] {Threei} looks familiar?

[14:48] {Threei} wake up!!!

[14:49] {Threei} two momos at hand

[14:49] {nemo} watching both

06[14:49] * Threei slaps magoo around a bit with a large momo alarm

[14:50] {magoo} in nvax

[14:50] {Threei} welff don't leave... I can't stand these jellyfishes

[14:50] {Threei} wulffd

[14:50] {nemo} market's spiking too

[14:51] {Threei} too bad weekend is ahead

[14:52] {Threei} if tomorrow was trading day we would most likely have NVAX/BCRX mania

[14:55] {wulff} do what I can to kick the momo out of slo mo

[14:56] {Threei} Spain has cleared 270M for a vaccination program and the balance for drugs and educational programs

[14:58] {Threei} BCRX :)

[15:12] {Threei} WSJ: 71% of Cerberus investors have chosen to leave 2 of the fund's vehicles

[15:12] {dino} dllr l .23

[15:18] {nemo} aig

[15:21] {dino} out clw .73, +.39

[15:27] {Threei} good boy NVAX... let's do end of day run, will ya

[15:27] {Threei} and finish above .20

[15:28] {Threei} I may even consider taking some home

[15:28] {magoo} how about BCRX ?

[15:29] {Threei} candidate too, just more risky for a hold

[15:32] {Threei} 51% Rate Alcohol More Dangerous Than Marijuana

[15:36] {dino} they are pushing it for legalization, for tax reasons

[15:39] {Threei} what, no run?

[15:40] {nemo} huh?

[15:40] {Threei} no worry nemo, sleep tight

[15:40] {nemo} run was early today, it's friday

[15:40] {Threei} sigh

[15:40] {Threei} way to follow the conversation

[15:41] {nemo} BCRX NVAX?

[15:41] {Threei} uhhu

[15:41] {nemo} they had the early run, even you said, too bad it's Friday...little did you know...

[15:41] {dino} hmmmmmmmmmmmmmmmmmmm

[15:41] {Threei} double sigh

[15:42] {dino} fwiw magoo ran down the hallway awhile ago

[15:42] {nemo} can't get the jbe every time

[15:42] {Threei} my "too bad it's friday" was concerning NEXT day run

[15:42] {nemo} to do what exactly dino?

[15:42] {dino} but you can get the beer

[15:42] {Threei} 14:52] {Threei} if tomorrow was trading day we would most likely have NVAX/BCRX mania

[15:42] {nemo} me? Going to work out after

[15:43] {dino} good, me back to it monday

[15:53] {Threei} okay guys, lacklustre ending... hoped for some last minute fireworks in this pair

[15:54] {Threei} but Friday apathy took over

[15:54] {larisa} just look if there are news on FITB and you can go :)

[15:54] {nemo} P&Q take care Wulff

[15:54] {Threei} nothing on FITB

[15:54] {larisa} ty

[15:55] {Threei} gave a great weekend all

[15:55] {Threei} have too

[15:55] {larisa} see you next week all, good luck wulff :)

[15:55] {Threei} see you on Monday

[15:58] {cosmo} monday ... will never come...

[15:59] {dino} out snp flat

[15:59] {larisa} cosmo, have fun on vacation or retirement or both!! :)

[16:00] {dino} have fun cos.

[16:00] {cosmo} well...you know how it is i guess...

[16:00] {dino} wulff take care bro

[16:00] {cosmo} thx....wish me luck...

[16:01] {dino} good luck\

[16:02] {larisa} :)

[16:04] {wulff} thanks

[16:05] {magoo} thanx all

[16:18] {dino} gn all