Sep 04 2009

We expected this last day before the Labor Day long weekend to be largely empty - wasn't the case at all. Not only we had a lot of active plays, we nailed them all with 100% accuracy. No single stop out of about ten plays. HGSI, HIG, SVA, RMBS, SPPI, LVS - all worked like charm. This officially ends trading summer for us, as after the Labor Day it's usually different market.

Session Time: Fri Sep 04 00:00:00 2009

[08:29] {magoo} morning

[08:29] {nemo} magus :)

[08:29] {nemo} jobs report mut be bad markets dropping

[08:33] {Threei} *AUG UNEMPLOYMENT RATE: 9.7% V 9.5%E (Highest since June 1983)

[08:34] {Threei} AUG CHANGE IN NONFARM PAYROLLS: -216K V -230KE; CHANGE IN MANUFACTURING PAYROLLS: -63K V -60KE

[08:34] {Threei} - Prior nonfarm payrolls revised better from -247K to -276K

[08:36] {nemo} wait til Dino sees amed

[08:39] {Threei} he took it overnight I think

[08:55] {magoo} i left early..did mkt pace pick up yesterday?

[08:55] {Threei} not really

[08:55] {magoo} how was close?

[08:58] {Threei} mostly uneventful, except F nice jump

[08:58] {fernp} good morning everybody

[09:04] {Threei} fern :)

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

[09:06] {ese} good morning

[09:06] {magoo} HGSI..pos news

[09:08] {dino} gm all

[09:08] {ese} dino

[09:09] {ese} 1/2 day or full day today?

[09:09] {dino} ful

[09:09] {dino} full

[09:10] {Threei} larisa, ese, dino :)

[09:10] {dino} unless i get lucky and then half for me

[09:10] {nemo} amed dino

[09:11] {dino} yeah and i dumped it at 3:50ish yesterday afternoon

[09:11] {Threei} argh

[09:11] {Threei} I thought you were taking it home

[09:12] {nemo} yeah had that late, "get out of Dodge" dump

[09:14] {dino} was, but had nice gain and thought overnighters have been tough. so chickened out and booked it

[09:15] {nemo} Makes perfect sense

[09:15] {nemo} Been a bit of a rough Summer, getting close to a long weekend, can book nice gain...bird in hand every time

[09:15] {Threei} HGSI retreated quite a bit from prematket high

[09:17] {magoo} yea..thoughts?

[09:17] {Threei} thoughts??

[09:18] {Threei} have you ever met me?

[09:18] {Threei} I have none

[09:18] {nemo} yeah...scary

[09:18] {Threei} but... 19 is clear resistance on premarket chart to break

[09:21] {magoo} news BIDU vad?

[09:21] {Threei} Baidu.com Update: Pali making cautious comments, maintains Neutral rating

[09:21] {Threei} - Note: The Ministry of Culture (MoC) came out with a new regulation on Sept 3 in that it does not allow BIDU to provide music content links to illegal music content provider, which could be a significant negative to BIDU's internet traffic since music search is a major driver for BIDU's traffic. About 80% of Baidu's traffic, firm believes, is from music search. Among all its music search results, links that are provided by illegitimate music companies are significant. If Baidu has to cut off the links to illegitimate music content, then we believe traffic to its websites could decrease. We believe this is just the first wave of regulations for online content and activities. Therefore, firm believes BIDU may have to face changes in its business.

[09:22] {nemo} yeah, but now you have to define what the Chinese authorities mean by illegal...

[09:22] {brian3579} gm all

[09:22] {nemo} 3579

[09:23] {Threei} brian :)

[09:23] {dino} snda

[09:24] {nemo} maybe moving on that BIDU news

[09:24] {Threei} ese... F did the dance just for you yesterday... exactly kind ogf move you love to play with big shares

[09:24] {ese} brian

[09:24] {Threei} keep an eye on it

[09:25] {ese} ya i know.....i had to exit with a .04 loss to go into work

[09:26] {nemo} work is a four letter word for good reason

[09:26] {ese} indeed

[09:27] {nemo} then again...and don't take this the wrong way, but most of what you do are passions, not work...amen

[09:27] {nemo} meant as a high compliment actually

[09:29] {dino} snda earnings

[09:29] {nemo} oh yeah

[09:31] {Threei} Long Setup: HGSI .70 break if holding .60

[09:32] {Threei} in validated for this particular entry point but remains as trading idea

[09:33] {nemo} interesting, bar dipped below 60, but idn't close under it

[09:33] {Threei} jumped of the next range before I could type

[09:33] {nemo} yeah...rude stock

[09:34] {Threei} meaning, .50 - .60 was the next entry range

[09:34] {ese} L cien .19

[09:34] {nemo} nice ese

[09:34] {Threei} CIEN Hearing upgraded from Market Perform to Market Outperform rating at Avondale; Price target $18 (timing uncertain)

[09:35] {nemo} very rude hgsi

[09:35] {ese} tks

[09:35] {Threei} that's not rude

[09:35] {Threei} definition of rude is to shake us out, then go

[09:36] {Threei} this is just disrespectful

[09:36] {ese} lets see if it popo on up there

[09:36] {Threei} watching pullback

[09:36] {ese} pops ....nope

[09:37] {Threei} I don't know... 19 break is formal trigbger

[09:37] {Threei} but something isn't quite right

[09:38] {Threei} I'll refrain

[09:38] {ese} stop is .09 cien

[09:38] {Threei} no confidence

[09:38] {Threei} let's consider it discretionary one

[09:38] {Threei} you likey, you takie

[09:39] {Threei} if you try it, eityher go in full lot qwith stop under .90

[09:39] {ese} stopped

[09:39] {Threei} or half with stop undedr .80

[09:39] {ese} -.10

[09:39] {ese} daaaaaaa

[09:39] {ese} should have taken the original pop

[09:39] {Threei} over 1:1 for full ,lot entry

[09:40] {Threei} over 1:1 for half lot

[09:40] {Threei} in case anyone went for it

[09:40] {dino} anf, coo, esl, ulta

[09:44] {nemo} cat vad?

[09:44] {Threei} HGSI is back into entry point

[09:45] {Threei} recross of .90 long

[09:45] {Threei} if stays above .80

[09:46] {Threei} what the...

[09:46] {Threei} problem with laser?

[09:46] {larisa} no

[09:46] {nemo} none here

[09:46] {laserdave} hey guys

[09:46] {tomg} i called dave, system wide problem. will be fixed in 30 min. hopefully

[09:46] {Threei} yeah

[09:46] {Threei} here he is

[09:46] {laserdave} they did more work to our server

[09:46] {laserdave} we shoudl be up any moment

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

[09:47] {Threei} tom, did you wake him up?

[09:47] {Threei} great job if so

[09:47] {tomg} yup

[09:47] {Threei} wtg

[09:47] {tomg} thought it was just my problem

[09:48] {Threei} I always enjoy it, calling him at 5:30 am just to say good morning

[09:48] {tomg} i don't think I'll be trying that on a regular basis :)

[09:49] {nemo} 19 break again on HGSI vad?

[09:49] {Threei} ah come on, life is short

[09:49] {tomg} yeah, i'm well aware of that :)

[09:49] {Threei} no nemo

[09:50] {tomg} don't want to make it shorter

[09:50] {brian3579} vad what dont you like about hgsi at 19

[09:50] {nemo} aig touching morning lows

[09:50] {brian3579} break of 19

[09:50] {laserdave} were up

[09:50] {Threei} it pretty much follows the market today brian,

[09:50] {laserdave} sorry guys thougth i typed that in room

[09:51] {laserdave} i ddint hit enter

[09:51] {laserdave} :)

[09:51] {Threei} and market obviously had too much weakness in it at the moment

[09:51] {laserdave} now hopefully software is way smoother goign forward

[09:51] {brian3579} ty

[09:51] {magoo} big dump AIG

[09:51] {Threei} in fact, the way HGSI behaves I'd prefer to see it retesting low

[09:52] {Threei} around .60-.70

[09:52] {Threei} before trying it againb

[09:52] {brian3579} k

[09:53] {brian3579} played .90 break ty

[09:53] {Threei} :)

[09:55] {Threei} here comes HGSI

[09:56] {Threei} now I am interested again

[09:56] {Threei} .70 break if holding .60

[09:57] {Threei} Long Setup: HIG .55 break

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

[09:57] {Threei} HGSI tagged 1:1

[09:58] {Threei} HIG, .45 support for hard core scalpers

[09:59] {Threei} 1:2 HGSI

[09:59] {brian3579} got hgsi ty vad

[09:59] {Threei} welcome

[09:59] {dino} bpi

[10:00] {Threei} HIG held quite well this market drop

[10:00] {brian3579} vad you may have just sent me to the golf course

[10:01] {Threei} hmmm

[10:01] {Threei} how did I do that?

[10:01] {nemo} he made so much money?

[10:01] {dino} sgg

[10:01] {brian3579} good morning

[10:01] {Threei} hi brian

[10:01] {Threei} lol

[10:02] {Threei} HIG 1:1 for hardcore pesky scalpers

[10:02] {Threei} HIG 1:1 for sabe traders

[10:03] {Threei} sane

[10:03] {Threei} I can't even type word "sane"...

[10:03] {fernp} ty Vad

[10:03] {Threei} welcome

[10:03] {nemo} thought you were speaking spanish

[10:03] {Threei} yup, I was talking to fern specifically

[10:03] {fernp} lol

[10:03] {dino} v sm bpi l .75

[10:04] {nemo} funny how friday before long weekend already is a good morning

[10:05] {Threei} yeah, who would have thought

[10:05] {Threei} I firmly set on "nothing day"

[10:05] {nemo} as you say about thinking

[10:05] {Threei} and there you go

[10:05] {Threei} mostly scalps but...

[10:05] {dino} stop bpi too soon

[10:06] {nemo} that would seem the highest probability way to play the day

[10:07] {dino} bpi last try v sm wide l .50

[10:09] {magoo} MTXX strong

[10:10] {Threei} rumors yesterday

[10:10] {Threei} it responds well to them

[10:11] {Threei} if actrual news comes about that "loss of smell" business being resolved while it's this low, a few dollars run is all but guaranteed

[10:12] {dino} arst

[10:12] {brian3579} have to run everyone have a good weekend vad ty

[10:13] {nemo} use sunscreen

[10:13] {Threei} have a great long weekend brian

[10:13] {brian3579} hahaha

[10:15] {dino} have fun brian

[10:18] {dino} esl hod

[10:24] {Threei} Long Setup: SVA 9 break

[10:24] {Threei} if stays above 8.90

[10:25] {dino} medq

[10:27] {dino} strange, special div. and knocked down

[10:29] {nemo} carrot or stick with sva Vad?

[10:31] {Threei} depends on your personal preferences

[10:33] {nemo} misse

[10:37] {magoo} lvs

[10:37] {Threei} no news

[10:38] {Threei} picks up pace

[10:38] {dino} hl medq .10

[10:40] {Threei} SVA 1:1

[10:41] {ese} i'm a day late and a dollar short today......seems like everything i look at has already done what i would like it to do...before i can get in sheesh!

[10:41] {dino} same here es

[10:42] {Threei} SVA 1:2 almost, I am out

[10:42] {tomg} ty vad

[10:42] {Threei} :)

[10:43] {ese} would like a crack at another amed

[10:44] {ese} speaking of that.....long at 35 maybe

[10:44] {dino} thinking 34.50

[10:45] {ese} hmmmmmmm i like that

[10:46] {larisa} RIMM fighting with 77

[10:46] {dino} sgg v sm .10 l

[10:46] {Threei} SPPI FDA Approves ZEVALIN Expanded Label as Part of First-Line Therapy in Treatment of Follicular Non-Hodgkins Lymphoma (8.82, +0.06, 0.68%)

[10:46] {Threei} hmmm

[10:46] {Threei} no reaction

[10:47] {Threei} oh

[10:47] {Threei} it's halted

[10:47] {Threei} maybe that's why

[10:47] {Threei} I heard it's hard fopr stocks to move while being halted

[10:48] {dino} indeed

[10:53] {ese} dino .... L amed .93 need some excitement in my life

[10:54] {ese} shallow pullback.....lets see if the market goes my way.......1 lot only

[10:54] {dino} still waiting at .50

[10:54] {ese} wouldn't ya know it.........thats too funny.....soon as i get in

[10:55] {dino} medq stop is .98 stuck

[10:55] {ese} i'll never doubt you again........

[10:55] {dino} i may not fill es

[10:55] {Threei} Long Setup: LVS .80 break

[10:55] {Threei} if stays above .70

[10:56] {Threei} has smell of momo play, so be careful with it,

[10:56] {Threei} not pure technical

[10:57] {Threei} it had premarket upgrade, target 17

[10:57] {Threei} other than that, nothing fresh

[11:01] {nemo} lvs mimicing market

[11:01] {dino} sm amed l .50 es

[11:01] {nemo} amed where you want it dino

[11:02] {Threei} more or less, but that spike was disproportionally big

[11:03] {dino} .90s

[11:03] {dino} 35 wall imo

[11:04] {ese} nice one dino.....

[11:06] {dino} sgg hard to get out of

[11:08] {ese} i'm out amed .51.........take my licks -.42

[11:09] {Threei} SPPI open

[11:10] {dino} ]loss never bothers me after i take it

[11:10] {ese} holy smoke.........

[11:10] {dino} partial out sgg .70, +.60

[11:10] {ese} naw me neither

[11:11] {ese} sppi vad.....what do we do with that one......watch?

[11:11] {dino} sppi, treatable 4000 patients?

[11:11] {dino} kind of low isn't it

[11:11] {Threei} it trades faster than I could possible type any signal ese

[11:12] {ese} boy i'll say

[11:12] {ese} first sign of strenght on pullback

[11:13] {Threei} all the way back

[11:13] {Threei} bounce soon

[11:13] {Threei} but let it drop more

[11:13] {ese} with ya

[11:13] {Threei} no way I'll alert in time

[11:14] {dino} tis drop, thin

[11:14] {nemo} set up "now" in mirc and hit return

[11:15] {larisa} if you wait for alert on stock like this, you will lose $

[11:15] {magoo} what the hex...it neg

[11:16] {dino} expands to only 4k patients thats why

[11:17] {dino} sxci

[11:19] {ese} heck of a shake down there sppi

[11:20] {Threei} one more leg down

[11:21] {ese} you go with the 3 legs down theory vad?

[11:21] {Threei} nah

[11:21] {dino} sm s sxci .36

[11:21] {Threei} Okay, that was it... mised it

[11:21] {Threei} didn't feel like 8 would hold

[11:22] {ese} might bounce off it again

[11:22] {larisa} 7.91 low

[11:22] {ese} you were right the first time

[11:22] {Threei} in

[11:22] {Threei} stop under .90

[11:23] {Threei} half out

[11:23] {ese} sure surprised alot of people after some positive news

[11:23] {Threei} .30

[11:23] {nemo} nice vad

[11:24] {nemo} you must have been hell on the ring at the merry go round

[11:24] {Threei} 1/4 more out .20

[11:25] {Threei} nice and clean double bottom

[11:25] {Threei} a bit too fast but doable

[11:26] {Threei} out in full

[11:26] {Threei} +.42

[11:26] {Threei} anyone ventured?

[11:27] {dino} not i

[11:27] {tomg} i did ty vad

[11:27] {nemo} for me that would be like trying to grab the mail out of the box at 60 mph

[11:27] {Threei} wtg tom

[11:28] {tomg} :)

[11:28] {ese} I did vad in .29 out ,52

[11:28] {ese} +.23

[11:29] {dino} gj, i did not like the news

[11:30] {ese} made up for the amed loss

[11:32] {Threei} wow ese... wading into deep waters of superfast trading :)

[11:33] {Threei} btw guys, for the future

[11:33] {Threei} [11:13] {Threei} all the way back

[11:33] {Threei} [11:13] {Threei} bounce soon

[11:33] {Threei} [11:13] {Threei} but let it drop more

[11:33] {Threei} why more:

[11:33] {Threei} this kind of runners on what seems to be great news

[11:34] {dino} sxci bstop to ,52 not cooperating

[11:34] {Threei} when pulls back so deep that in fact retracts almost or all of gains,

[11:34] {Threei} they tend to go much much lower.

[11:34] {Threei} eityher news is not that great, as dino pointed out in this case,

[11:34] {Threei} or it's a rehash of old news,

[11:35] {Threei} or it's simply being priced in,

[11:35] {Threei} and now profit taking comes out in force

[11:35] {Threei} whatever the reason is in each particular case,

[11:35] {Threei} when they do that let them drop much deeper

[11:35] {Threei} Don't be afreaid to miss THE bottom,

[11:36] {Threei} better hunt for cleaner formation, like double bottom,

[11:36] {Threei} let the pace slow down a little so trade is safer

[11:36] {dino} sxci stopped -.16

[11:36] {Threei} and if you miss it, you miss it, no biggie

[11:37] {tomg} good educational lesson, vad, ty

[11:37] {fernp} yes, TY Vad

[11:38] {larisa} LVS

[11:38] {magoo} LVS .80

[11:42] {Threei} tries to re-establish the setup

[11:42] {Threei} needs market help

[11:45] {Threei} wow

[11:46] {Threei} SPPI decided to punush "news traders" for real today

[11:46] {dino} esl hod area

[11:47] {ese} how about this double botom in SPPI now vad.....safe entry?

[11:47] {dino} medq stopped-.14

[11:47] {ese} or too much selling already taken place

[11:48] {dino} out remaining sgg .70, +.60

[11:49] {ese} wow dino......that thing was thin.....how many shs did you have

[11:51] {dino} 300

[11:51] {ese} nice

[11:51] {ese} vad you there?.........

[11:51] {dino} ty

[11:51] {dino} esl interesting, big pullbacks

[11:52] {ese} as per question above.....re double bottom in sppi

[11:52] {dino} sgg waiting to re-load at 65

[11:53] {Threei} ok

[11:53] {Threei} LVS restabliushed

[11:53] {Threei} ese?

[11:53] {ese} yes

[11:53] {Threei} oh, I see your question, sorry

[11:53] {Threei} missed it

[11:54] {Threei} I'd leave it alone

[11:54] {ese} no prob

[11:54] {ese} was thinking about entry....just wondering a viability of the bigger double bottom on 1 min chart

[11:54] {ese} wasn't

[11:55] {ese} wondering about

[11:57] {ese} as a strength indicator

[11:57] {Threei} I'd say, interest in it is waning as positions unwind and emotions die down

[11:58] {Threei} more and more people read the news and notice what dino noticed,

[11:58] {Threei} shrug and walk away

[11:58] {dino} vad is such an emotional guy

[11:58] {ese} gottcha

[11:58] {Threei} oh yes

[11:58] {Threei} and sentimental too

[11:58] {Threei} I cry watching sunrise

[11:58] {dino} but of course

[11:58] {Threei} hug every dog walking by

[11:58] {ese} cries over spilt vodka........

[11:59] {Threei} sometimes, because of bad sight, I miss and hug the female owner

[11:59] {ese} funny

[11:59] {dino} as i expect of you

[11:59] {Threei} ok... market broke out

[11:59] {Threei} LVS, follow the suit will ya

[11:59] {Threei} or I'll get emotional

[11:59] {ese} did it ever

[12:00] {Threei} you know that famous "September is historically the worst month for stock market" right?

[12:01] {nemo} should be a mad rally

[12:01] {Threei} I have this feeling... this September will shutter it, just as this May did to just as famous "Sell in May and go away"

[12:02] {dino} there go your emotions again, :)

[12:03] {dino} feeling talk

[12:03] {ese} shutter?

[12:03] {ese} don't get ya there chief

[12:03] {nemo} shatter

[12:04] {ese} a rally and then die off into christmas?

[12:04] {Threei} yes dino... and I am about to start this bout of uncotrollable cries

[12:04] {ese} int's that emotional making money eh?

[12:04] {ese} it's

[12:04] {Threei} GLD Moves out to fresh session highs above $995

[12:05] {ese} well....i'm glad your on my side

[12:05] {Threei} US Treasury's Krueger: Obama administration considering extension of some housing support programs if deemed necessary

[12:06] {Threei} Long Setup: RMBS .43

[12:06] {Threei} if stays above .35

[12:06] {ese} L uaua .2432 to be exact

[12:11] {ese} nice

[12:13] {ese} opps

[12:14] {ese} ahhhh carry on

[12:15] {dino} sm l tis .92

[12:21] {ese} what does it take for a stock to go up these days.......goodness

[12:25] {ese} hmmmmmm nice conversation with myself........i can keep myself entertained.....this is a good thing

[12:26] {Threei} lol ese

[12:27] {Threei} I need to learn from you... 10 more days of solitude

[12:28] {ese} then you are going on holidays

[12:28] {ese} ?

[12:28] {Threei} no, my wife returns from visiting her dad

[12:28] {ese} ahhhhhhhh

[12:29] {dino} trading song came on

[12:29] {ese} huh

[12:29] {nemo} better edit that

[12:29] {dino} welcome to the jungle, guns/roses

[12:30] {ese} ha ha ha ha.........

[12:30] {magoo} out ram-butt

[12:31] {nemo} not gonna' say it

[12:31] {Threei} please don't

[12:31] {magoo} its my goal to get you kicked u know

[12:31] {nemo} said I wouldn't

[12:31] {nemo} Actually hadn't thought of anything...which worries me

[12:32] {Threei} hmmm

[12:32] {dino} yuk!

[12:32] {Threei} just shows you how people can bo so very different

[12:32] {Threei} it's when I do think of something I get worried

[12:32] {magoo} im confused

[12:32] {Threei} welcome to my world

[12:33] {Threei} state of permanent confusion

[12:33] {magoo} vad, u thinking sept going to be bad month like usual..because the sell in may reference didnt work, but the word chatter, dunno wat u meant

[12:33] {Threei} that was shatter

[12:34] {Threei} I think

[12:34] {nemo} no, I translated

[12:34] {Threei} OK... let me try and be clear for once

[12:34] {magoo} lvs .80

[12:34] {Threei} I feel (yeah, emotions again)

[12:34] {Threei} that there is a good chance for the market to fool everyone

[12:34] {Threei} and continue with this insane rally

[12:35] {nemo} lvs broke out

[12:35] {Threei} 1:1

[12:35] {magoo} got cha

[12:36] {magoo} out .91 TY 3k

[12:36] {magoo} in a second

[12:36] {Threei} :)

[12:36] {Threei} 14.97 is high from Aug 28

06[12:38] * Threei slaps laserdave around a bit with a large warnng not to drink too much over the long weekend

[12:39] {Threei} RNBS 1:1

[12:39] {Threei} RMBS too

[12:39] {Threei} I haven't count the number of calls today but I am pretty sure there is no signle stop

[12:40] {dino} out amed .90, +.40 slow

[12:41] {Threei} DIS Pixar unit reportedly being suied by Luxo over alleged trademark infringement

[12:41] {Threei} what did they steal? image of a rat in cook's hat?

[12:42] {Threei} RMBS 1:2

[12:43] {magoo} u knew when i cut rmbs and insulted it..it would trigger

[12:43] {nemo} yeah, he doubled down

[12:44] {Threei} Prez is giving back-to-school speeh on Tuesday noon

[12:44] {nemo} indoctrination speech

[12:44] {Threei} well... I guess it's as good excuse to appear on TV as any

[12:45] {magoo} he appeared on tv the other day just to announce that eating bran keeps u regular

[12:46] {Threei} RMBS 1:3, and I do that to you on purpose mags

[12:46] {Threei} or is it 1:4 already

[12:46] {Threei} something I read a few days ago:

[12:46] {Threei} Obama's health care plan will be written by a committee whose head says he doesn't understand it, passed by a Congress that hasn't read it, and whose members are exempt from it, signed by a president who smokes in secret, funded by a treasury chief who did not pay his taxes, overseen by a surgeon general who is obese, and financed by a country that is broke.

[12:47] {nemo} 4

[12:47] {Threei} 1:5

[12:47] {magoo} really REALLY hurts too vad, i had 3k...so you can really rub it in

[12:47] {nemo} I got that a couple of days ago...and the IRS will be the enforcer

[12:47] {Threei} oh I will

[12:47] {Threei} 1:6

[12:48] {Threei} you can always count on me mags, to deliver as much pain as possible

[12:48] {Threei} 'cause pain is the best teacher

[12:48] {larisa} you still holding RMBS vad ?

[12:48] {Threei} (and this phrase abouve is just my excuse, in truth I simply like delivering pain)

[12:48] {Threei} no larisa... took 1:2 :)

[12:49] {larisa} just trying to help magoo :)

[12:49] {Threei} no chance

[12:49] {Threei} I'll tease him to no end

[12:49] {Threei} and he wouldn't expect any less from me

[12:49] {magoo} i walked away from bookuu bux

[12:50] {magoo} boo-koo?

[12:50] {Threei} you did, didn't you

[12:50] {magoo} boo-ku?

[12:50] {magoo} why dont you calculate it vad..really burn me :)

[12:50] {Threei} happily

[12:51] {Threei} 17.90 - 17.43 = 47 cents

[12:51] {Threei} .47 x 3K = 1,410

[12:51] {nemo} look at LVS

[12:52] {Threei} after couple lackluster days we got our revenge

[12:53] {Threei} 100% day'

[12:55] {Threei} LVS 1: I don't know how much

[12:55] {nemo} .80 break

[12:56] {nemo} back when it was vacillating between 75, so that's 1:7

[12:56] {magoo} well..i got nmad, so reloaded and hit LVS from .98 to .15

[12:56] {magoo} vad motivartes me

[12:56] {nemo} Vad or mad?

[12:57] {Threei} I am scared to ask what motivarting consitutes

[13:01] {dino} all day, bpi to .14

[13:02] {dino} to .20

[13:04] {dino} to .25

[13:04] {dino} out .25, +.75

[13:08] {dino} tis stop -.32

[13:17] {ese} "motivartes me" now theres a words.......got the word "art" in there for we musician types in the creative arts field

[13:18] {Threei} lol

[13:19] {dino} sm s esl .80

[13:20] {magoo} sm s ese??

[13:21] {nemo} amed going vertical

[13:21] {dino} w/o me

[13:22] {magoo} HGSI lord vader

[13:22] {Threei} .20 is a good level to break

[13:22] {Threei} just too vertical into it

[13:22] {Threei} want some consolidation first

[13:23] {Threei} early comment on LVS

[13:23] {nemo} 1:11 lvs

[13:23] {Threei} [10:56] {Threei} has smell of momo play

[13:24] {ese} out uaua ..34 +.10

[13:26] {magoo} hig highs

[13:26] {magoo} sigh

[13:29] {Threei} Leading liberals are already thinking the unthinkable: Challenging President Obama for the Democratic nomination in 2012.

[13:29] {nemo} he's not liberal enough?

[13:30] {nemo} hgsi trhough .20

[13:30] {Threei} pretty much

[13:30] {nemo} How much closer to the Politburo can he get?

[13:30] {Threei} the president has compromised on everything so far and as self-defeating as it may be, the progressive caucus and progressives would abandon him if necessary, if this was to be the policy of this administration into 2012.

[13:30] {Threei} RMBS newzs

[13:31] {Threei} RMBS Samsung comments that has no intention to purchase company (17.20, +1.27, 7.97%)

[13:31] {Threei} - Earlier takeover rumors circulated that Samsung was interested in acquiring the company

[13:33] {dino} esl bstop to b/e

[13:40] {dino} cov esl .40, +.40

[13:42] {rjdtbd} esl

[13:42] {dino} sxci s .99

[13:46] {dino} bstop to .06 stuck

[13:49] {dino} to b/e not cooperating

[13:49] {dino} ugh esl

[13:50] {dino} way too soon

[13:52] {dino} gld

[13:54] {dino} sgg came back 2 bucks

[13:55] {dino} sxci stopped flat

[14:05] {ese} L nvax .63

[14:07] {dino} ouch dgrdp

[14:09] {dino} jazz

[14:17] {ese} nver heard of that one dino Digital Reality Trust

[14:18] {ese} -20 ouch is right

[14:18] {nemo} Matrix LLC

[14:18] {nemo} as in the movie...bad joke...at least it's clean

[14:19] {dino} lol

[14:19] {dino} otc es

[14:19] {dino} came up on scanner

[14:20] {dino} jazz tempting

[14:20] {nemo} Scanners....I remember that one

[14:20] {nemo} jazz popped

[14:21] {dino} thinking short

[14:22] {dino} can't get it

[14:22] {nemo} nope

[14:23] {nemo} yeah, looking like a good short lower volumes than the previous spikes

[14:23] {dino} too tight sxci, would've worked

[14:23] {nemo} then again...as it jumps some more

[14:26] {larisa} another buyout rumor? whats up with JAZZ?

[14:26] {Threei} no news

[14:27] {dino} investor dude bgt 150,000 shares all i can fing

[14:27] {dino} find

[14:27] {larisa} lol

[14:27] {dino} nemo spike...opps nmo i mean

[14:28] {nemo} in jazz, yeah

[14:30] {dino} esl sm s .00

[14:30] {dino} .02

[14:34] {Threei} watching TIVO and JAZZ for bounce

[14:36] {nemo} is tivo trading?:)

[14:36] {Threei} huh?

[14:36] {Threei} oh

[14:36] {Threei} lol

[14:36] {Threei} sorry, slow todayt

[14:36] {Threei} and no jokes about "today"

[14:36] {nemo} me too...haven't been able to read diddly

[14:36] {Threei} why it's easy

[14:36] {Threei} D

[14:36] {Threei} I

[14:37] {Threei} then double D

[14:37] {Threei} see?

[14:37] {nemo} G

[14:37] {nemo} A

[14:37] {nemo} W

[14:37] {nemo} D

[14:37] {nemo} !

[14:38] {Threei} retreat a little TIVO, I need a range

[14:39] {Threei} ugh

[14:50] {dino} tyg

[14:55] {Threei} grrr

[14:55] {nemo} jazz

[14:55] {Threei} JAZZ was so easy tyo read short off .50

[14:55] {Threei} unavailable

[14:55] {nemo} yeah

[14:59] {nemo} my heart can't take all this excitement...thank god for my beard, else I'd have split my chin

[15:02] {nemo} calling it a day. take care...c u next tuesday

[15:02] {larisa} bye :)

[15:03] {dino} cya

[15:03] {Threei} take care nemo

[15:17] {ese} outta here all.....have to prep for a Blues Bash Festival this weekend.....beer drinking starts in T minus 1 hr 45min......it's a moment that i preped for for very diligently in college to apply those skills when needed....in this case in exactly t minus 1hr 43 min.....wish me luck

[15:17] {Threei} good luck ese

[15:17] {Threei} hey, tell me where to go if I do

[15:17] {Threei} and when

[15:17] {ese} hopefully we see you on monday vad

[15:18] {ese} down in the inner harbour where the dragon boat festival was

[15:18] {Threei} ship point

[15:18] {Threei} what time?

[15:18] {ese} our show starts at 4pm monday.......hopefully with no rain

[15:18] {Threei} got it

[15:19] {Threei} GRMN July and August exceed expectations, expects good 4Q: statement

[15:19] {Threei} - Price declines in line with expectations (31.75, +0.20, 0.63%)

[15:20] {Threei} wow

[15:20] {Threei} nice reaction

[15:27] {dino} esl stopped -.38

[15:30] {dino} lol es, just read that

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 710M shares, about 16% below its three-month average; advances lead decliners by 3.1:1.

[15:32] {Threei} - NASDAQ volume 1.4B shares, about 23% below its three-month average; advancers lead decliners by 2.1:1.

[15:32] {Threei} - VIX index -7% to just over 25.00

[15:37] {fernp} good evening everybody. have a nice weekend

[15:37] {Threei} have a great one fern, hope we fixed this week today

[15:39] {dino} u2 fern

[15:42] {dino} giii to flat

[15:44] {dino} jst

[15:46] {dino} giii to .45

[15:47] {dino} to .49

[15:49] {dino} out giii .50, +.11

[15:53] {Threei} okay guys

[15:53] {Threei} thank you all

06[15:53] * magoo slaps Threei around a bit with a large trout

[15:53] {Threei} let;s have a great relxing long weekend

[15:54] {Threei} even you magoo

[15:54] {larisa} see you next week :)

[15:54] {Threei} September promises to be interesting

[15:54] {Threei} see you all on Tuesday unless ese pours too much beer on Monday

[15:54] {dino} coors light

[15:55] {dino} cya vad

[15:57] {magoo} have good weekend all..ty boss

[16:00] {dino} tis out half .75, -.15

[16:02] {dino} thx all, have good extended weekend

Sep 03 2009

Another boring day. Just waiting out till after Labor Day

Session Time: Thu Sep 03 00:00:00 2009

[07:55] {magoo} wrirhrwligrhlrehrgehllrjkr

[07:55] {nemo} aslfwossjaprw!!

[07:56] {magoo} r';prs;okjpgrjj

[07:56] {nemo} I have to stop before I get in trouble

[07:56] {Threei} Yesterday 22:32 SVA China approves application to produce H1N1 (swine flu) vaccine

[07:56] {Threei}

[07:57] {nemo} Not sure I'm big on a Chinese swine flu vaccine

[07:57] {Threei} SVA sure is

[07:57] {nemo} THey producing it here for there? THat's different

[07:58] {Threei} ummm

[07:58] {Threei} let me reiterate:

[07:58] {Threei} Yesterday 22:32 SVA China approves application to produce H1N1 (swine flu) vaccine

[07:58] {Threei}

[07:59] {Threei} now, if it said:

[07:59] {Threei} SVA China approves NVAX's application to produce H1N1 (swine flu) vaccine

[07:59] {nemo} I get the feeling you're frisky this morning

[07:59] {Threei} I'd agree, SVA is not the one who will produce it

[08:02] {magoo} vad,u didnt say good morning magoo...first time in 3 years

[08:02] {magoo} AIG moving

[08:02] {Threei} Good morning magoo

[08:03] {magoo} morn vad:)

[08:03] {Threei} (I was checking if you pay any attention - didn't want to take it as a given)

[08:03] {Threei} good save?

[08:03] {magoo} yea...man, alot of green out there

[08:09] {magoo} whats up with fre & fnm?

[08:10] {nemo} nm

[08:10] {nemo} fnm

[08:10] {nemo} what am I doing

[08:11] {magoo} solars popping too

[08:11] {Threei} no specific news... I assume general market strength

[08:11] {nemo} they've been weak for the last month or so

[08:12] {Threei} Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:12] {Threei} - Expectations for initial claims are 565K v prior release of 570K (range seen from 550K to 580K)

[08:12] {Threei} - Continuing claims seen at 6.125M v prior 6.133M. (range seen from 6.100M to 6.200M)

[08:30] {magoo} numbers out

[08:30] {Threei} *US INITIAL JOBLESS CLAIMS: 570K V 564KE; CONTINUING CLAIMS: 6.234M V 6.130ME

[08:30] {nemo} spy and qs dropping

[08:30] {Threei} Prior jobless claims revised from 570K to 574K

[08:47] {brian3579} gm all

[08:49] {Threei} brian :)

[08:49] {Threei} ECB's Trichet: Reiterates will quickly unwind stimulus measures when economy recovers; will absorb liquidity to counter any threat to price stability

[08:50] {Threei} so what he is saying is: there is no inflation threat as they'll be able to absorb back their injections

[08:50] {Threei} and remove excessive money slushing around

[08:55] {nemo} which of course will slow the economic activity

[08:59] {Threei} SVA is honestly trying

[09:00] {nemo} aig looks like it's chomping at the strting gate

[09:00] {Threei} C Announces Shareholder Approval Of Increase In Authorized Common Shrs, Paving Way To Complete Shr Exchange (4.56, 0.00, 0.00%)

[09:03] {brian3579} what was the symbol of the stock that was halted yesterday?

[09:03] {Threei} SEPR

[09:03] {brian3579} ty

[09:03] {nemo} aig took out morning high

[09:04] {brian3579} anyone ever caught in that position?

[09:04] {Threei} looooong ago

[09:04] {Threei} very unpleasant

[09:04] {brian3579} scary

[09:05] {Threei} rule of thumb: stay away from huge moves with no news

[09:05] {Threei} those tend to get halted

[09:06] {dino} gm all

[09:06] {Threei} dino :)

[09:09] {ese} i'm here...i'm here....let the bells ring let the banners fly ....i'm here.

[09:10] {Threei} lol

[09:10] {Threei} mornng ese

[09:10] {ese} morning vad

[09:10] {nemo} better have your prescriptions adjusted

[09:10] {ese} was just thinking that

[09:10] {nemo} aig running again

[09:11] {Threei} (CH) Chinese Central Bank Adv: See economic recovery being sustained into 2010

[09:11] {magoo} man..my targhet AIG yesterday was 42

[09:11] {magoo} day early

[09:12] {Threei} lol, here is news I need a bottle of vodka to understand:

[09:12] {Threei} RHT Optimizes virtualization with HP for bladesystem matrix

[09:13] {ese} thats ben an interesting if not phonomenal run for aig.....15 bills to 55 in 17 days approx

[09:13] {ese} thats a hmmmmmm vad

[09:14] {fernp} good morning everybody

[09:14] {Threei} if RHT moves on that, I'll need to think of some optimization of virtualization myself

[09:14] {ese} mags do you expect AIG to be heading back to the 950.00/shs eventually?

[09:14] {Threei} fern :)

[09:17] {nemo} sva is shortable

[09:18] {dino} amed, fdo

[09:20] {dino} full day tomorrow?

[09:20] {bluejet} GM

[09:20] {larisa} good morning :)

[09:20] {Threei} bluejet :)

[09:20] {Threei} larisa :)

[09:21] {larisa} vad :)

[09:21] {Threei} yes dino

[09:21] {dino} ty

[09:21] {ese} interesting dino.....price target raised on amed and it gets tanked 8-9 bucks

[09:21] {Threei} Monday closed

[09:22] {magoo} friday a full day vad?

[09:22] {Threei} yes magoo

[09:22] {Threei} Monday closed

[09:22] {larisa} market open tomorrow whole day ?

[09:22] {Threei} yes larisa

[09:22] {Threei} Monday closed

[09:22] {ese} Ahhhhh speaking of Monday Vad......My Rhythm and Blues Band is onat Blues Bash down in the inner harbour from 4pm to 5:15 pm......Lots of beer

[09:23] {larisa} and monday?

[09:23] {larisa} oh

[09:23] {Threei} hmm... sounds tempting ese

[09:23] {Threei} who is paying for beer?

[09:23] {larisa} vad has a lot of patience today for some reason :)

[09:23] {Threei} but wait... I have 13 more to ask about tomorrow and Monday

[09:23] {larisa} lol

[09:23] {Threei} I am trying to bring up the best in myself larisa

[09:24] {larisa} ans we can help to do it :)

[09:24] {larisa} and

[09:24] {Threei} certainly... see, ese invites me a aparty with beer... that usually brings out the best in me

[09:25] {ese} Vad dcc please

[09:28] {dino} amed ceo leaving

[09:29] {dino} left i should say

[09:30] {texus} gm

[09:31] {Threei} texus :)

[09:31] {ese} dino have you got a buy in point for amed

[09:31] {Threei} Long Setup: SVA half lot .40 break

[09:31] {Threei} if stays above .25

[09:31] {dino} not yet

[09:31] {dino} 28.65 june

[09:32] {dino} 30 strike maybe

[09:32] {nemo} bounce on sva vad?

[09:35] {magoo} ytea

[09:38] {Threei} Long Setup: RIMM .20 break

[09:38] {Threei} if stays above .05

[09:39] {ese} L nvda ,37

[09:40] {Threei} no go RIMM

[09:41] {Threei} SVA is returning to the high so stubbornly

[09:41] {dino} amed 30s

[09:49] {Threei} Long Setup: SVA 10 break

[09:49] {Threei} if stays above .90

[09:50] {Threei} grr

[09:50] {ese} out nvda .43 +.06

[09:56] {ese} that L setup for sva still good vad

[09:57] {nemo} seems to be building a base

[09:57] {ese} nope

[09:57] {Threei} technically yes... I just don't find much technicala working today

[09:57] {ese} at .89

[09:58] {Threei} S&P: US High Yield Default Rate 10.2% in August

[09:58] {Threei} sitting out this hectic action

[10:00] {Threei} *AUG ISM NON-MANUFACTURING COMPOSITE: 48.4 V 48E

[10:00] {Threei} **Sub-indices:

[10:00] {Threei} - Non-Mfg Prices Paid Index: 63.1 v 41.3 prior

[10:00] {Threei} - Employment: 43.5 v 41.5

[10:00] {Threei} how's that for technicals?

[10:01] {dino} fast drop

[10:02] {ese} gonna be same market as yesterday...Red, Green, Red, Green....blah blah blah...

[10:02] {larisa} laser quote problems or it is just me?

[10:03] {Threei} fine today so far

[10:03] {nemo} yeah, me too, switch servers lari

[10:03] {larisa} ty

[10:06] {nemo} gold dumped

[10:07] {nemo} shoulda' stuck with my sva short

[10:11] {Threei} you shorted it?

[10:12] {nemo} yeah, pre-market, only 200 shares @ .45 got out A .25

[10:13] {nemo} I didn't see this coming, chicken-little-scalpers-regret

[10:13] {nemo} sorry, out @ .26

[10:13] {dino} abm sm l .10

[10:14] {ese} what stock was that nemo?

[10:14] {nemo} sva

[10:15] {nemo} had tht double top @9:15

[10:15] {Threei} ECB's Stark: Latest data suggests that worst of economic crisis is over; must not over interpret monthly data

[10:15] {Threei} - Likely Bumpy Road Ahead for Economy

[10:16] {dino} amed?

[10:21] {ese} what are ya thinkin dino

[10:21] {ese} been watchin it

[10:21] {Threei} BCRX woke up all of a sudden

[10:22] {ese} amed is at what i would call the no brainer buy point......

[10:22] {Threei} ahh

[10:22] {Threei} BCRX Hearing takeover chatter circulating

[10:22] {Threei} - Shionogi rumored as potential acquirer (11.60, +0.58, 5.26%) (related 4507.JP )

[10:22] {nemo} dcc ese

[10:24] {fernp} HIG vad?

[10:24] {dino} 30

[10:24] {Threei} not sure fern... bounces just don't work

[10:25] {ese} i'm thinkin that dino

[10:26] {ese} it's worth in the flippin 40's basically from what i can see just quickly looking at financials.......

[10:26] {ese} oops swear word....financials

[10:26] {dino} wish they would say something

[10:26] {dino} lol

[10:28] {dino} sm giddy up

[10:28] {dino} .25 wide

[10:29] {Threei} CEPH Hearing takeover chatter circulating

[10:29] {Threei} - GSK rumored as potential acquirer (56.26, +0.21, 0.37%) (related GSK )

[10:30] {ese} l amed sm as well .17

[10:34] {dino} abm stopped -.30

[10:35] {ese} added some more amed avg.27

[10:35] {Threei} Long Setup: VICL .10

[10:35] {Threei} stop under 5

[10:37] {magoo} in

[10:37] {dino} good girl

[10:37] {ese} out amed ,,76

[10:37] {dino} nice

[10:37] {ese} +.49

[10:37] {magoo} nice

[10:37] {dino} feels like 32-33 to me

[10:38] {ese} 3/4 lot 400 bucks can't complain

[10:38] {Threei} wtg

[10:38] {ese} you have more of a sense for thses than i do dino

[10:38] {Threei} ELN Ticking higher on renewed takeover chatter circulating

[10:38] {Threei} - Lundbeck rumored as potential acquirer (7.31, +0.26, 3.69%) (related LUN.DC BIIB )

[10:39] {nemo} 1:1

[10:39] {fernp} ty vad

[10:39] {Threei} welcome

[10:39] {Threei} something had to work finally

[10:40] {magoo} waiting .20 no fill

[10:40] {nemo} transition week

[10:40] {magoo} out now 6k TY

[10:40] {ese} 392.00 bucks to be exact

[10:41] {ese} nice dino.....amed moving up there

[10:41] {magoo} 600 bux i calcubalate

[10:42] {nemo} took your shoes and socks off, huh?

[10:42] {ese} right on mags

[10:42] {magoo} yea..size DOES matter:)

[10:43] {dino} stop to .99

[10:44] {nemo} yeah...and those brass ones of yours

[10:44] {nemo} or steel, if you prefer

[10:44] {ese} definately.......

[10:45] {dino} stopped amed .99, +.74

[10:45] {ese} size in very very short time frames.....15/20 seconds is best for me

[10:46] {ese} nice dino......

[10:46] {ese} how do you trail the stop.....

[10:46] {magoo} ya man..thats what i liker

[10:46] {dino} abm last try ,04 l

[10:46] {magoo} hate a trade that drags on and on for like 75 seconds

[10:46] {dino} manuallymove it

[10:47] {dino} too tight tho

[10:47] {ese} .05 .10 behind ?

[10:47] {dino} i start around 150 sl, then move

[10:47] {nemo} like that huge short all afternoon while dino was on vacation mags

[10:49] {ese} L fitb .14

[10:52] {dino} hiot 32.30 i was right

[10:53] {Threei} OSIR

[10:53] {Threei} Osiris Therapeutics Inc Heaing weakness attributed to rumor originating from chat room that data has been leaked

[10:53] {Threei} - note: In April, OSIR, completed Enrollment in its Second Prochymal Phase III Trial for Graft vs. Host Disease (GvHD), and said it expected top-line data from both studies in the second half of 2009.

[10:54] {ese} give me a break...qqqq's break up and fitb hangs at .15........well I never

[10:54] {ese} what kind of way to make a living is this?

[10:55] {nemo} Dino amed, maybe to 33-34?

[10:56] {nemo} ese, fitb looks something like fas today, might be my imagination, but AIG seems to have been leading financials last couple of days

[10:56] {nemo} it's flat the last 20 minutes

[10:56] {ese} hmmmmm tks nemo.......good thought

[10:57] {dino} nemo 36s imo

[11:00] {ese} for amed?

[11:00] {nemo} yeah

[11:00] {nemo} that would be the next level 35.50-36

[11:01] {ese} out fitb .21 +.07

[11:02] {ese} opps .20 +.06

[11:02] {ese} hmmmm thought i had .21 there

[11:07] {dino} out abm stoped -.32. fool me twice done w/it

[11:13] {dino} amed power struggle departures

[11:14] {dino} 10:47 am on cyber

[11:14] {dino} dj news

[11:16] {Threei} IFON Hearing chatter that company may receive the rights to sell iPhone in China (2.04, +0.53, 35.10%) (related CHU )

[11:17] {Threei} (US) Dept of Transportation (DOT): higher gas taxes and road mileage charges are options for raising revenue

[11:17] {Threei} of course they are

[11:17] {Threei} - Note: On 8/28 China Unicom signed a 3 year agreement with Apple to launch the iPhone; which was not exclusive

[11:17] {nemo} wait until they start charging for toilet flushes

[11:18] {ese} they do in europe......have to pay to use some toilets

[11:18] {dino} ny city too

[11:19] {nemo} I suppose breathing can't be that far behind, we do emit CO2

[11:20] {dino} intc strange

[11:20] {ese} in ny? didn't kn ow that

[11:20] {nemo} mmmmhhh, amed's ascent coincided with spy and Qs

[11:21] {dino} some new street toilets, .25 to use

[11:23] {Threei} IFON tries to tuirn into momo runner...

[11:26] {Threei} holding well so far

[11:26] {Threei} 2.20 break should be a launching pad

[11:26] {Threei} realize the risk

[11:27] {Threei} alternative way to try it - break of that big offer at .15

[11:27] {Threei} if it's taken out, .20 shouldn't hold

[11:28] {nemo} kinda' stands out, doesn't it...

[11:29] {nemo} went from 268 to 700+ back to 500+

[11:30] {nemo} Vad, do you think those just move down to 2.11 and 2.13

[11:30] {Threei} no

[11:30] {Threei} they are all there

[11:31] {dino} dllr hl l .25

[11:33] {Threei} one scenario this kind of things spometimes follows:

[11:33] {Threei} stock retreats, huge offer chases it down,

[11:34] {Threei} at some point the price becomes attractive enough for buyers to take it out

[11:34] {Threei} and that become a trigger.

[11:34] {Threei} Stock ususlly comes into level where such offer originally sat,

[11:34] {Threei} pauses for a sec,

[11:34] {Threei} then blows through it as buyers realize it's no longer there

[11:35] {dino} amed 34 trig imo

[11:37] {dino} hmmm better to grab pullback

[11:42] {nemo} gold has exploded

[11:42] {dino} cski

[11:43] {ese} which ticker nemo?

[11:43] {nemo} gld

[11:43] {ese} tks

[11:44] {ese} i'll say

[11:44] {nemo} a bit hyperbolic, but it ha been hanging between +.20 and +.40, I then look and it's +1.20

[11:45] {Threei} Gold Moves above $990/oz

[11:47] {ese} ya know ya can't brush your teeth with it......watch pirates of the Caribean with it.....drive it.......hit it with a golf club....man what good is it?

[11:47] {ese} paper weight

[11:48] {nemo} silver in bullets is good against vampires an werewolves

[11:48] {ese} ok now that has some practical use

[11:49] {ese} gold chalis for drinking vodka....now thats practical use

[11:50] {nemo} kinda' heavy...

[11:50] {ese} ya ok......i'd spend 990 an ounce to drink booze from it

[11:50] {ese} can see the value in it now

[11:50] {nemo} like cursing in French

[11:51] {ese} lol

[11:53] {Threei} 51% Say Congress is Too Liberal, 22% Say Its Too Conservative

[11:53] {Threei} Most Voters Say Town Hall Meetings Should Be for Congressmen to Listen, Not Speak

[11:53] {Threei} no kidding

[11:54] {Threei} 47% Expect Their Own Taxes to Rise Under Obama

[11:54] {Threei} 53% don't give a crap since they don't pay taxes

[11:54] {nemo} took the words right out of my mouth

[11:55] {Threei} don't you love these daily poll updates

[11:55] {nemo} no

[11:55] {Threei} that was rhetoric question

[11:55] {ese} wayyyyyyy to much time on our hands don't you think?

[11:55] {nemo} that was a rhetorical answer

[11:56] {nemo} you're right ese, that's how I got in trouble a coupla' days ago

[11:56] {ese} gotta love this job........

[11:57] {nemo} please don't call it that

[11:58] {ese} although.........we must be driving vad nuts by now.......Vads thought process("my god....what have igotten myself into with these kooks")

[11:58] {ese} "I've spawned a nightmare".....

[11:59] {Threei} well

[11:59] {magoo} i have apptmt...see u all tomorrow..ty vad..everybody

[11:59] {ese} see ya mags

[11:59] {Threei} I kind of knew what I was getting into... I just didn't know it would be THAST deep

[11:59] {nemo} take care Mags

[11:59] {Threei} take care mags

[11:59] {nemo} had to switch from ankle boots to waders and scuba gear, huh?

[12:00] {ese} for me the barbecues have been worth it........forget the trading

[12:00] {Threei} and just FYI, got myself a spear too

[12:00] {nemo} kurari on the tip?

[12:00] {ese} ha ha ha too funny

[12:00] {Threei} always

[12:01] {nemo} don't call you "Vad the Impaler" for nuttin'

[12:01] {Threei} hate these days when I am not finding much

[12:01] {Threei} not that I have any reason to complain about how August went

[12:01] {ese} and on that note......L FITB .23

[12:01] {nemo} member those few days late spring, what was it end of may, beginning of July?

[12:01] {Threei} and I knew that last days before labor day are not likely to produce much

[12:01] {nemo} And then you kicked ass all through the Summer

[12:01] {Threei} still...

[12:01] {nemo} beginning of June

[12:01] {ese} qqqq's look like it's about to break up

[12:02] {Threei} it's the same as those few days

[12:02] {Threei} transition... trend in question... momos are less enthusiastic

[12:02] {nemo} yeah...frankly, I got a kick out of you playing with the GETCO routing and making money...disgusting

[12:03] {ese} getco?

[12:03] {Threei} Laser thing ese

[12:03] {nemo} on Laser ese

[12:03] {Threei} no ECN fee

[12:03] {ese} ahhhhhh

[12:03] {ese} nice

[12:04] {Threei} kind of flash order into dark pools - for humle retail traders

[12:04] {nemo} hear any more on the automatic routing strategy for that Vad?

[12:04] {Threei} haven't asked

[12:04] {Threei} when I see dave my first instinct is to slap him

[12:05] {Threei} when I remember that I had questions for him, he is already unconscious

[12:05] {nemo} we'll have to keep an eye out, no Mags to do the dirty work

[12:05] {Threei} BRIC finance ministers reportedly intend to discuss exit strategies and the global economy at Sept G20 meeting, special BRIC communique may include proposals for IMF quotas

[12:05] {Threei} - Treasury Sec Geithner plans to attend the BRIC fin min conference

[12:05] {ese} somebody take a look at the 15min chart of FITB and tell me it's not going to break above .25......

[12:05] {Threei} lol

[12:05] {Threei} do they plan to let him in?

[12:06] {nemo} he better wear flak gear

[12:06] {Threei} Ford Motor Co Discusses Investment in India; $500 Million Investment in India Paying Off

[12:06] {Threei} - Plant Readies for Production of New Small Car

[12:06] {Threei} - integrated manufacturing facility near Chennai

[12:06] {ese} come on......q's breaking up........fitb whats the problem

[12:07] {nemo} nice box range ese

[12:07] {ese} thats what i thought

[12:07] {nemo} fas and aig in box range too

[12:08] {ese} fas for sure......aig ummmmmmm not so much

[12:09] {nemo} depending on time frame true

[12:09] {dino} es, you're the golfer right?

[12:10] {ese} right

[12:10] {ese} and putting better these days i might add

[12:10] {dino} just got lynx square driver, hitting it 295+ last night. easiest driver i ever had

[12:10] {ese} need me for a tournament dino

[12:10] {ese} nice

[12:11] {ese} am trying new drivers as well to go along with my new Cobra CB's

[12:11] {dino} thing was only $79.99 at golfsmith, unbelievable. 9.5 degree stiff

[12:12] {ese} WHAT!!!!!!!!

[12:12] {nemo} somebody get smelling salts for ese

[12:12] {ese} midnight golf supply?

[12:12] {dino} no kidding

[12:12] {ese} there ain't anything under 300.00 around here

[12:13] {nemo} Funny to think back about using wood "woods"

[12:13] {dino} golfsmith.com

[12:13] {nemo} but he's in Canada, they'll whack him for import duties hard

[12:13] {dino} thought what the heck was using a couple year old e.r.c.

[12:13] {ese} am looking at that right now

[12:14] {dino} figured could sell it if no good, now thinking i need another one for myrtle beach trips

[12:15] {nemo} conspicuous consumption...tsk

[12:15] {ese} which one is it....predator/black cat?

[12:15] {ese} parallax?

[12:16] {dino} parallax

[12:16] {dino} the 08

[12:17] {Threei} get a friend or relative in USA to buy it before they come to visit you

[12:17] {Threei} I mean, buy it with shipping to their address

[12:18] {ese} 79.00....thats a great price......are those adjustable weights on the shaft end

[12:18] {ese} or are they preset?

[12:19] {dino} preset

[12:20] {ese} still excellent price

[12:21] {dino} thing is awesome for my swing

[12:21] {brian3579} just got back not sure what's going on but taylor made burner $150 @ golf smith and i think you can get online for $100

[12:21] {dino} great price too

[12:21] {ese} just looking at those as well brian

[12:21] {brian3579} great driver

[12:21] {ese} have been interested in the 2007/08 burner driver

[12:22] {dino} grow

[12:22] {brian3579} what is $79.00

[12:22] {brian3579} 08 burner 150 09 300 i think

[12:22] {ese} lynx parallax driver

[12:23] {dino} grow spiked couple days ago to 12.20 then fast drop fwiw

[12:24] {dino} ugh, can't borrow

[12:24] {ese} talk baout side tracked.....fitb still not broken above .25

[12:28] {Threei} US) CDC Official: Still expects H1N1 (swine flu) to return in mid October, US is in the process of releasing $1.5B in flu preparedness funding

[12:30] {dino} amed pull back

[12:31] {nemo} sva pull back too

[12:32] {Threei} US) Senator Schumer (D): Proposes funding SEC from fees rather than Congressional appropriations

[12:32] {Threei} - Expects Senator Tim Johnson (D-SD) to assume Senate Banking Committee chairmanship if Senator Dodd vacates the position.

[12:33] {dino} dllr to .40

[12:33] {nemo} dltr

[12:33] {nemo} dltr?

[12:34] {dino} d l l r

[12:34] {dino} in at .25 see above

[12:34] {nemo} thanks, I knew you play dltr and misse your call

[12:35] {dino} np

[12:35] {dino} es amed entry?

[12:36] {nemo} volume didn't increase with price on amed

[12:36] {dino} .50 way dllr

[12:37] {dino} wy=wall

[12:37] {dino} way, sheesh

[12:37] {nemo} getting much better at Threeish

[12:37] {nemo} sva volume spike

[12:39] {Threei} do note IFON

[12:40] {Threei} still hasn't died

[12:40] {dino} mco blood

[12:44] {dino} dllr to .48

[12:45] {dino} stopped +.23

[12:46] {dino} kof

[12:49] {Threei} watching R'IMM acending triangle

[12:49] {Threei} not so much for a trade as to see if any patterns are back

[12:51] {nemo} aig forming ascending wedge too

[12:51] {nemo} amn

[12:51] {nemo} damn

[12:57] {dino} cbst

[13:01] {Threei} no way to tell really, but the fact that IFON returned to 2 and tests this range could be indicative of late day run preparation

[13:01] {Threei} just keep an eye on it

[13:01] {Threei} if that chatter turns true, it's a big mover

[13:01] {Threei} if not but there is no denial to it, it may try to run on speculation

[13:02] {Threei} INTC CEO: Windows 7 and aging PCs could spur some tech buying -FT (19.32, -0.15, -0.77%) (related MSFT )

[13:03] {Threei} RIMM broke

[13:06] {Threei} 1:2 almost

[13:06] {Threei} not bad

[13:09] {Threei} first of three big offers by EDGX is taken on IFON

[13:10] {Threei} two more, at .10 and .15, then chart resistance at .20..

[13:10] {Threei} lol

[13:10] {nemo} rimm vertical

[13:11] {Threei} with no news and no market support

[13:11] {Threei} some of technicals are back it seems

[13:11] {Threei} that ascending triangle sure was pretty

[13:12] {Threei} second offer is taken

[13:18] {Threei} in absence of magoo who would be all over it... who is going to play IFON should it trigger?

[13:18] {nemo} I volunteer larisa...but she's not here

[13:19] {dino} amed sm l .18

[13:19] {fernp} 2.20 break is the tigger?

[13:20] {Threei} formally yes

[13:20] {Threei} in reality, I think if .15 offer is taken,

[13:20] {Threei} .20 won't hold

[13:20] {fernp} EDGX offer, no?

[13:20] {Threei} yup

[13:24] {Threei} moment of truth

[13:25] {Threei} couple test buys, to see if EDGX back away

[13:30] {dino} sm s cbst .62

[13:32] {Threei} Gold prices look to end floor session at levels not seen since March after testing $999/oz

[13:43] {ese} fitb is pulling another NVDA yesterday on me.....it's not going to do anything the rest of the day

[13:43] {Threei} pre-long weekend trading, ese...

[13:43] {Threei} end of summer

[13:43] {Threei} people pack in hampton

[13:46] {dino} mhp

[13:51] {dino} cbst stopped -.34

[13:59] {Threei} MTXX Hearing rumor company provided a modified Zicam formula to the FDA

[13:59] {Threei} - rumor that the modified formula would avoid the side effects seen in the nasal spray that caused i... (6.05, +0.91, 17.70%) more...

[13:59] {Threei} nasal spray that caused it to be withdrawn from the market in June.

[14:00] {Threei} too many rumors

[14:00] {Threei} dino

[14:00] {Threei} see LH?

[14:01] {Threei} LH Breakthrough HIV findings published in journal Science (69.06, +0.19, 0.28%)

[14:02] {Threei} Journal Science publishes research on HIV-blocking antibodies, possible basis of HIV vaccine

[14:03] {dino} amed stop to .38

[14:04] {dino} out amed +1.20

[14:05] {dino} lh is a device maker isn't it?

[14:06] {dino} testing firm

[14:06] {dino} ugh amed

[14:10] {nemo} aig remarkably sedate today

[14:11] {Threei} pretty much everything is

[14:11] {dino} cbst rinsed

[14:12] {dino} you guys are funny, i'm picking up lots today

[14:12] {nemo} I said aig...amed has been an animal both ways

[14:12] {nemo} aig has been crazy

[14:14] {dino} aig govt pump and dump imo

[14:19] {Threei} SVA is losing all supports

[14:21] {dino} lrn hl l .80, stop .49

[14:24] {Threei} TM US Trade Complaint Surrounding Hybrid Motor Pads

[14:24] {Threei} Could Face Ban on US Import of Hybrids

[14:25] {Threei} anyone shorted?

[14:26] {nemo} what? sva?

[14:26] {Threei} Toyota

[14:26] {Threei} see news?

[14:27] {nemo} yes, but I can't imagine that lasting long...they're the largest car manufacturer here

[14:28] {Threei} how long do you need it last to scalp?

[14:31] {dino} lol

[14:31] {nemo} you short it dino?

[14:35] {ese} outta here all....see ya tomorow

[14:35] {Threei} take care ese

[14:36] {ese} see ya vad

[14:36] {dino} no

[14:36] {dino} see ya es

[14:48] {nemo} cbst dino

[14:48] {nemo} amed getting the wedge

[14:49] {dino} bummer

[14:50] {dino} cbst, i was too soon

[14:50] {dino} lrn working

[14:57] {nemo} gotta' go c u 2 morow

[14:58] {dino} cya nemo

[15:06] {Threei} F Moody's raises rating to Caa1 (7.13, +0.10, 1.42%)

[15:06] {Threei} outlook adjusted to stable from negative

[15:06] {Threei} - Affects $25B in debt (7.13, +0.10, 1.42%)

[15:08] {Threei} F is trying

[15:11] {Threei} not bad for a thick stoxck like this

[15:12] {Threei} ese's style of scalping

[15:12] {Threei} he would have taken 6-7 cents on it on 30K shares :)

[15:13] {dino} he's good at that

[15:14] {Threei} IDCC Rumors of ITC Overturning Nokia Decision - unconfirmed reports

[15:15] {Threei} this upgrade seems to mean a fair deasl to F

[15:15] {Threei} been a good while since it made such vertical moves

[15:20] {dino} unless they were down

[15:20] {Threei} lol

[15:20] {Threei} true

[15:20] {patience} hard to believe we used to trade 800 point swings in a day last year

[15:21] {dino} glad thats not so common any more

[15:23] {dino} v sm l neu .92

[15:24] {patience} that is one extreme trading environment since joining up with vad, the other time was 2004 and 2005 when extreme momo plays....i miss those

[15:28] {dino} mv

[15:29] {dino} 2000 was tough too

[15:29] {dino} mv straight up

[15:29] {dino} merger

[15:30] {Threei} MV FIS receives antitrust approval for acquisitions

[15:32] {Threei} HGSI UBS believes company is an acquisition target, raises price target to $25 from $18 (17.86, +0.40, 2.29%)

[15:35] {dino} every week someone says that

[15:36] {dino} ggc

[15:36] {Threei} GGC S&P raises rating to B from D (29.07, +1.95, 7.19%)

[15:38] {Threei} pulled ese on FORD

[15:38] {dino} out neu .32, +.40

[15:38] {Threei} took 5K under .30, offered .39

[15:38] {dino} taking some amed overnight, v sm

[15:39] {dino} unless it hits 35 before close

[15:39] {dino} then sell

[15:39] {Threei} it may...

[15:40] {Threei} strong close

[15:49] {Threei} 10 minutes later it's 50 cents higher

[15:50] {Threei} 10 minutes left, and 50 more cents left

[15:50] {Threei} I'd say, your chances look good dino

[15:50] {dino} out lrn .97, +.17

[15:50] {dino} yea, would like to dump out soon, in from .60

[15:53] {dino} stop to .39

[15:53] {dino} opps out +.79

[15:54] {Threei} tomorrow is last day to endure

[15:54] {Threei} then things should start picking up finally

[15:54] {dino} hope so

[15:54] {dino} ok, gotta hop, sons' baseball in hour

[15:55] {dino} thx all, good day for me

[15:55] {Threei} whole lot of nithing here

[15:55] {Threei} okay guys, thank you all, have a good evening

[15:55] {Threei} see you tomorrow

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