Sep 16 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Some nice plays on AIG, HIG, LVS etc. Aftrenoon boredome continues though, market stays locked in a very narrow range for hours.

Session Time: Wed Sep 16 00:00:00 2009

[07:56] {magoo} ujasdushafdUkCGhgyu

[07:56] {nemo} nagog dherinan

[07:58] {nemo} think aig gets off the mat this morning...5 minute looks possible

[07:59] {magoo} dnnob

[08:00] {nemo} up 1.20 off the bat

[08:03] {nemo} looks like lvs wants to hit that 21 target

[08:08] {Threei} Yesterday 19:13 LVS Reportedly, Mad Money's Cramer raised price target to $22-25;

[08:09] {magoo} ah

[08:09] {magoo} amzn upgraded

[08:09] {magoo} 103 target i think

[08:11] {nemo} he was touting flex yesterday too

[08:11] {nemo} that's up 10%

[08:14] {magoo} vad, any news AIG?

[08:15] {Threei} Tuesday, September 15, 2009 7:43:21 PM

[08:15] {Threei} (US) SEC has established a unit to investigate life-insurance settlement products - WSJ

[08:15] {Threei} - The unit will examine the securitization of policies and investors knowledge levels regarding the products.

[08:15] {Threei} **Note: On 9/6, the NYT reported that some Wall Street firms might seek to securitize life-insurance policies.

[08:15] {nemo} none that I see

[08:18] {magoo} wheres a good bounce entry LVS vad iyo?

[08:19] {Threei} no clear idea

[08:19] {Threei} GM CEO: Expecting US car sales this month to be 'very much down' y/y

[08:19] {Threei} heh

[08:20] {nemo} On "The Kirk Report" guy went to a couple of local dealers after "Cash for Clunkers" ended. Sales fell off the map

[08:20] {magoo} any read TRCW?

[08:22] {magoo} anyone know if a laser hard stop worx pre mkt?

[08:23] {nemo} call trev :)

[08:24] {magoo} yea..he is west coaste

[08:24] {nemo} even better...

[08:30] {Threei} *AUG CONSUMER PRICE INDEX M/M: 0.4% V 0.3%E;

[08:30] {Threei} Q2 CURRENT ACCOUNT BALANCE: -$98.9B V -$92.0BE

[08:35] {fernp} good morning everybody

[08:35] {Threei} fern :)

[08:35] {nemo} haroo

[08:36] {magoo} adbe news vad?

[08:37] {nemo} bought omniture

[08:37] {Threei} Yesterday 16:06 ADBE Reports Q3 $0.35 v $0.34e, R $697.5M v $686Me

[08:37] {Threei} - Guides Q4 EPS $0.33-0.39(ex items) v $0.37e, R$690-740 v $720Me

[08:45] {magoo} LVS

[08:52] {ese} good morning

[08:53] {Threei} ese :)

[08:53] {nemo} dude

[08:53] {ese} dudes

[08:53] {magoo} dude

[08:54] {ese} dude

[08:55] {nemo} oh jeez

[08:55] {magoo} dude?

[08:55] {nemo} What have I done...

[08:55] {ese} like hey....yaaaaaaaa

[08:57] {brian3579} gm all

[08:57] {Threei} brian :)

[08:57] {ese} dude

[08:58] {ese} nm

[08:58] {magoo} dude

[08:58] {cosmo} ACAS

[08:58] {ese} opps sorry nm is just one i'm lookin at ...nuttin special eh

[09:00] {Threei} (US) Fed's Spokesperson: Confident Fed can adjust monetary policy without supplementary financing program

[09:02] {Threei} UAUA Discloses Q3 capacity to be down -5.9%; traffic down 3-4% - filing (8.79, 0.00, 0.00%)

[09:04] {Threei} with usual caveat of pre-market heightened risk... LVS, .40 break if stay above .30

[09:05] {dino} gm all

[09:05] {nemo} dude

[09:05] {Threei} dino :)

[09:05] {magoo} dude

[09:06] {lasertrev} good morning all

[09:06] {nemo} magoo...look

[09:06] {Threei} trev :)

[09:07] {magoo} dude:)

[09:08] {magoo} hey trev, do u know if laser hard stoips work pre and post market trading? i believe they do not for some reason

[09:08] {nemo} Vad, question: LVS on .40 break, monring high @ .46, risk reward worth it?

[09:09] {Threei} .46 huigh is not significant

[09:09] {nemo} o.k.

[09:11] {magoo} we shall see

[09:13] {lasertrev} dont think so

[09:14] {lasertrev} dangerous because of fill price

[09:14] {lasertrev} unless u set a limit stop

[09:15] {Threei} AUG INDUSTRIAL PRODUCTION: 0.8% V 0.6%E; CAPACITY UTILIZATION: 69.6% V 69.0%

[09:16] {larisa} gm :)

[09:16] {nemo} dudess

[09:17] {Threei} larisa :)

[09:20] {ese} auch du miya.........cramer sets a target of $264 for AAPL........usuallly a death wish when he says something isn't it?

[09:25] {ese} dndn ..... keeps going up....except when it doesn't

[09:25] {nemo} thanks yogi

[09:26] {ese} hey anytime

[09:26] {nemo} "It gives you cash, which is almost as good as money"

[09:26] {nemo} You probably don't see those commercials up there

[09:26] {ese} no haven't seen that one yet

[09:27] {nemo} AFLAC commercials

[09:27] {ese} ahhhhh

[09:29] {Threei} (US) Senator Baucus releases healthcare reform bill

[09:30] {nemo} 35% tax on any health plan benefits deemed excessively expensive

[09:31] {magoo} CAT rox

[09:31] {nemo} can't short it per SEC...go figure

[09:32] {magoo} MGM big green candle

[09:32] {Threei} Long Setup: UAUA 9.10

[09:32] {Threei} if stays above 9

[09:34] {Threei} LVS, long on pullback

[09:34] {Threei} just under .50

[09:34] {Threei} .50 crosback

[09:35] {Threei} if holding .40

[09:36] {Threei} no go

[09:37] {dptl} good morning all

[09:37] {Threei} dp :)

[09:42] {dino} amed l .00

[09:42] {Threei} Long Setup: AIG

[09:42] {Threei} .80 break

[09:42] {Threei} half lot, if stays above .60

[09:43] {Threei} 1:2

[09:43] {fernp} ty very much

[09:43] {Threei} :)

[09:44] {ese} out ntap from yesterday .86 +.08

[09:45] {dino} lphi l .99

[09:52] {Threei} HIG looks like potential runner

[09:52] {Threei} let's see if we get pullback

[09:52] {nemo} pten...very rude

[09:53] {Threei} HIG

[09:53] {Threei} .05 long

[09:54] {Threei} stop for scalpers under 26

[09:54] {Threei} for day traders under .95

[09:55] {dino} apol hl .00 l

[09:56] {dino} lphi stuck stop is .88

[09:57] {Threei} HIG 1:1

[09:57] {fernp} ty again

[09:58] {Threei} grr... couldn't alert in time AIG .10 break... didn't want to chase

[09:59] {dino} amed to ,12

[09:59] {magoo} out 40.70 AIG TY vad $K

[09:59] {magoo} 4k

[09:59] {dino} apol is .69

06[09:59] * Threei slaps magoo around a bit with a large roll of cash

[09:59] {dino} amed to .18

[10:01] {dino} big slip amed out ave .12, +.12

[10:05] {nemo} aig pullback

[10:06] {Threei} Euro vs US Dollar Dealers noting of a US think tank report on Fed accomodation- Reportedl the think tank stated that two Fed members have been discussing the removal of accomodation sooner rather than later and noted that these members moving from neutral to tilting hawkish in bias.

[10:08] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30amET

[10:08] {Threei} **consensus expectations:

[10:08] {Threei} Crude: -2.5Me

[10:08] {Threei} Gasoline: +750Ke

[10:08] {Threei} Distillate: +1.5Me

[10:09] {Threei} Long Setup: IACI .30

[10:10] {Threei} if stays above .20

[10:10] {Threei} not a scalp for me

[10:11] {dino} cfsg l .50-

[10:12] {nemo} nice dino

[10:13] {ese} L nuan .38

[10:13] {dino} out .80 +.30

[10:13] {nemo} steve miller trade

[10:13] {Threei} LDK Hearing vague takeover chatter circulating (10.06, +0.40, 4.14%)

[10:13] {Threei} bunker at work

[10:13] {fernp} gj dino

[10:13] {dino} ty

[10:15] {dino} lphi tighten to .97

[10:16] {Threei} HIG 1:2

[10:16] {dino} apol not working tighten to .80

[10:16] {Threei} feels like going to above .50

[10:18] {dino} apol stopped -.20

[10:19] {dino} titn l .1-

[10:19] {dino} .10

[10:19] {Threei} .35 yesterday's high HIG

[10:20] {nemo} premarket was .53

[10:20] {dino} evr

[10:20] {nemo} what time was that high on your chart Vad?

[10:21] {Threei} I don't have it

[10:23] {dino} lphi out flat

[10:24] {fernp} WFC Vad?

[10:24] {Threei} BCRX Hearing weakness being attributed to cautious comments out of biotech analyst at street.com (11.08, -0.59, -5.06%)

[10:25] {Threei} AIG

[10:25] {Threei} .25 long

[10:25] {Threei} if holding above .10

[10:26] {dino} titn stopped -.15

[10:26] {nemo} pivot .97 on aig

[10:28] {fernp} IACI is still valid?

[10:28] {Threei} I doubt it

[10:29] {dino} agco l .00

[10:29] {magoo} in aig

[10:30] {Threei} *DOE CRUDE: -4.7M V -2.5ME; GASOLINE: +547K V +750KE; DISTILLATE: +2.25M V +1.5ME; CAPACITY UTILIZATION: 86.9% V 86.7E.

[10:30] {Threei} - Distillate demand K bpd to M bpd

[10:30] {Threei} - Gasoline demand K bpd to M bpd (related USO OIH )

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

[10:31] {Threei} - NYSE volume 345M shares, about 25% above its three-month average; advancers lead decliners by 1.7:1.

[10:31] {Threei} - NASDAQ volume 645M shares, about 15% above its three-month average; advancers lead decliners by 1.3:1.

[10:31] {Threei} - VIX index -0.1% to just below 23.50

[10:32] {dino} out .19, +.19

[10:40] {Threei} how about that, HIG

[10:40] {dino} lphi l .02

[10:41] {Threei} [10:16] {Threei} feels like going to above .50

[10:41] {magoo} nice vad

[10:41] {dino} agco l .50

[10:41] {nemo} you still in?

[10:41] {Threei} no

[10:42] {ese} ok.... my brother reads this blog from Toronto after hours........so he calls me just when the first run up in nuan happened....i'm in at .38 it's now at .36....so bro you've cost me $169.00 to this point

[10:42] {nemo} not an investor?

[10:42] {fernp} out WFC +.12

[10:42] {ese} that post was for my brothers benefit.......

[10:43] {ese} trying to convince him he should be on this board

[10:43] {dino} out agco .62 +.12

[10:43] {nemo} ese and hermano....

[10:43] {ese} definately

[10:46] {ese} out nuan .46 +.08...........

[10:46] {nemo} 20k of the little buggers?

[10:46] {dino} whr

[10:46] {ese} no just 6k

[10:47] {ese} $400 bucks and change

[10:49] {ese} and held that for too long nemo...way too long. if it was 3 ok but 6.....that really went against my grain

[10:49] {dino} hsii l .51

[10:50] {magoo} any read MGM or LVS vad?

[10:51] {fernp} in LVS .61

[10:53] {Threei} if market starts new leg up, LVS and UAUA should break

[10:53] {Threei} UAUA does as we speak

[10:53] {Threei} LVS is about to

[10:54] {fernp} 1:1 LVS

[11:02] {nemo} wow, market dies before lunch

[11:03] {dino} ?

[11:03] {nemo} quiet

[11:04] {dino} ahhh

[11:04] {dino} usual

[11:05] {Threei} NY Fed: Purchased $1.8B in $300B outright coupons purchase; Dealers submitted $16.39B for consideration (bid to cover 9.11)

[11:08] {Threei} Opposition to Health Care Reform Reaches New High at 55%

[11:08] {Threei} 12% Say Most Opponents of Obama Health Care Plan Are Racist

[11:09] {ese} l flex .59.......lousy fill

[11:09] {nemo} jimmy carter did

[11:09] {Threei} must be true then

[11:09] {nemo} another cramer stock ese

[11:09] {ese} nice....... right when the market tanks a little.........Grrrrrrrrrreat timing

[11:10] {ese} naw....didn't see this one on cramer

[11:10] {ese} did you nemo?

[11:11] {nemo} Dan fitzpatrick said so

[11:11] {nemo} I can't watch Cramer...upsets my stomach

[11:11] {ese} whos....this Dan whatever

[11:11] {nemo} and I've got an Italian stomach

[11:11] {nemo} chart guy

[11:12] {ese} on cramers site

[11:12] {nemo} I think so...haven't been there in so long, forgot the url

[11:12] {ese} hmmmmmmm ....no need to find it for me......can't stand cramer or his co-horts either

[11:13] {magoo} HIG gettin stupid

[11:13] {Threei} with any market help, UAUA is likely to go to 9.50

[11:15] {ese} and flex is gradually creeping up there also.....could be good with some market help

[11:16] {Threei} UAUA support is .10

[11:16] {Threei} see if you find entry point with confortable level of risk

[11:17] {Threei} should pull back some now

[11:17] {nemo} AIG beak of .90?

[11:19] {magoo} .93 rejected it 3 times

[11:20] {Threei} AIG is rarely a breakout stock

[11:20] {dino} agco double bottom?

[11:20] {Threei} it tends to jump off pullbacks

[11:21] {Threei} doesn't look right to me dino...

[11:21] {dino} thx

[11:21] {Threei} reather breakdown and new low

[11:21] {Threei} rather

[11:22] {dino} lphi stop to .16 jumpy

[11:23] {Threei} new low it is

[11:23] {dino} good call agco vad

[11:23] {Threei} UAUA not much of a pullback

[11:23] {Threei} glad to be of use

[11:23] {Threei} today is Wed, right?

[11:23] {Threei} my pledge is to be useful on Weds

[11:23] {dino} for awhile

[11:24] {Threei} UAUA increases speed

[11:30] {Threei} market is unhappy about something

[11:30] {ese} out flex .54 -.05

[11:30] {ese} goin nowhere.....

[11:30] {dino} lphi to .21

[11:31] {nemo} cramer stocks usually jump then crater

[11:31] {Threei} UAUA typical salmon behaviour

[11:31] {ese} man dino.....i'm checkin out all your stocks buts theres nothin to buy.......you have it all with that kind of volume

[11:32] {Threei} 9.50 on the horizon

[11:32] {magoo} ill be gone .44:)

[11:32] {nemo} gave no pullback either

[11:32] {nemo} ooh look at that volume spike

[11:32] {Threei} VNDA Hearing renewed takeover chatter circulating

[11:32] {Threei} - NVS rumored to be considering a bid. (14.03, +0.21, 1.52%)

[11:33] {Threei} lol

[11:33] {magoo} bye bye TY

[11:33] {Threei} Note that back on 9/10 Takeda rumored as a potential acquirer.

[11:33] {nemo} they must put drug company names on a dart board

[11:33] {Threei} no kidding

[11:34] {nemo} 1st dart-the target 2nd dart-the acquirer

[11:34] {dino} crm l .68

[11:34] {Threei} 9.50 UAUA

[11:34] {nemo} gonna' need rehab on that shoulder, vad

[11:34] {ese} in and out uaua .40 .47 +.07

[11:34] {Threei} 20K little buggers?

[11:34] {nemo} nah, 3k

[11:35] {ese} 3k

[11:35] {nemo} see

[11:35] {nemo} ese has a comfort zone with fitb

[11:35] {ese} covered what i lost with flex

[11:35] {ese} definately

[11:36] {ese} speaking of fitb

[11:36] {ese} lets have a look

[11:36] {nemo} coma

[11:36] {ese} nahhhh...not yet....don't like the look of the daily

[11:40] {dino} out lphi .29, +.27

[11:41] {ese} l nuan .54

[11:42] {ese} phew....out nuan .58 just barely =.04

[11:43] {dino} ice

[11:43] {ese} workin on it

[11:44] {Threei} HIG will never stop?

[11:44] {nemo} market help

[11:45] {nemo} uaua going again?

[11:45] {ese} now how does that work......i had 6k of that ...it sold at .58 all of it......but there isn't 6k on the X and sales???

[11:45] {Threei} partials?

[11:46] {ese} hmmmm

[11:47] {ese} nice hig.....anyone playing it?

[11:47] {nemo} magoo must be

[11:48] {Threei} US) Fed: Nations's largest regional banks are being reviewed, have not decided whether or not to do full stress test

[11:48] {Threei} lol

[11:48] {Threei} did they stuck in 2008?

[11:48] {ese} he's too quiet.......gotta be long

[11:48] {nemo} or web surfing :)

[11:49] {ese} maybe just looking over dino shoulder watching an expert at work

[11:49] {ese} ouch......

[11:49] {nemo} poor dino

[11:50] {nemo} we have to give mags his props...he been hitting the ball well

[11:50] {ese} no retribution........thought sure i was gonna catch it there

[11:55] {dino} aes l .98

[11:57] {ese} l aes .99 small

[12:04] {dino} aes to .00

[12:05] {Threei} (IA) Iran OPEC Gov: OPEC is concerned that non-OPEC nations could capture share on rising demand for oil (related USO )

[12:05] {ese} out aes .07 +.08

[12:06] {ese} have an errand to run....tks dino catch you in a bit

[12:06] {dino} cya

[12:08] {Threei} UAUA is not following market anymore

[12:08] {nemo} after salmon breed...they die

[12:08] {Threei} and bald eagles come

[12:08] {nemo} brown bears

[12:08] {nemo} too

[12:10] {dino} out aese .09, +.11

[12:12] {Threei} (US) President Obama: Prepared to ease tensions over "buy America" provisions; sees no possibility of trade war with Canada (related USD/CAD EWC )

[12:16] {dino} agco

[12:17] {dino} .75 break imo

[12:17] {dino} giddy-up

[12:18] {Threei} beautiful

[12:19] {Threei} scalped to .87

[12:19] {Threei} ty dino

[12:19] {dino} don't mention it

[12:20] {dino} triggers are more reliable lately

[12:23] {Threei} crowds flock back in market

[12:23] {Threei} make setups more reliable

[12:24] {dino} makes sense, quarter multiples are back

[12:24] {Threei} we maneouvred out way through the market with no amateurs

[12:24] {Threei} now gotta get used to crowds participation

[12:25] {Threei} and become more reckless :)

[12:25] {dino} agree, i have been too conservative

[12:25] {Threei} me too

[12:26] {Threei} taking 20 cents where stock goes 2 bucks

[12:26] {nemo} Good news (not) here in Boston...health insurers to raise rates 10%

[12:27] {Threei} well, look at this:

[12:27] {Threei} (US) Joint tax panel: Over 10 years, fees on health insurance providers proposed by healthcare reform bill would raise $40.5B, medical device fee would raise $29.9B

[12:27] {Threei} - Drugmakers fees could raise $17.2B

[12:27] {Threei} who is going to pay those taxes eventuallya/

[12:27] {Threei} ?

[12:28] {nemo} idiots...duh....they just don't get it, but that gives them more money to redistribute

[12:29] {Threei} what esle to expect from administration whose chief of stuiff talks in terms "us against them", them being business

[12:30] {dino} larisa wants me to stay quiet on this subject

[12:30] {nemo} girl's got a long reach

[12:33] {Threei} I am not afraid of her

[12:33] {Threei} well... I am... but I am trying to keep face

[12:34] {larisa} sigh

[12:34] {nemo} I will refrain....breathe...in.....out...count to 1000

[12:34] {Threei} 1200 even

[12:34] {nemo} what S&P hit 1200?

[12:35] {Threei} you better pray we don't make you count to DJI high

[12:35] {nemo} aig might be bottoming

[12:36] {dino} dji wants 10k imo

[12:37] {Threei} it's really time for a juicy rumor on SQNM and MTXX

[12:38] {Threei} come on bunker

[12:39] {nemo} can short sell cat today

[12:41] {nemo} don't look at pten vad

[12:47] {ese} am back....looking over previous posts.....trade war??? Can't imagine getting into a war with dino and magoo.........i'd get my but kicked

[12:48] {dino} osk

[12:49] {nemo} newso on osk

[12:51] {dino} what is it nemo

[12:51] {nemo} sorry should have ended with "?"

[12:51] {nemo} I don't see any

[12:52] {dino} upgrade all i see

[12:54] {dino} someone needs 30 strike

[12:54] {nemo} military vehicle company that just signed big contract

[12:55] {nemo} Vad must be scalping this one

[12:55] {Threei} no

[12:55] {Threei} OSK Hearing vague chatter that a contract award from the US govt could be reversed in appeal by competing bidder (31.96, -0.39, -1.21%) (related NAV FRPT )\

[12:55] {nemo} ahhh

[12:56] {Threei} lwet's see if gives double bottom

[12:57] {Threei} any dive under 31 is of interest

[12:57] {Threei} half lot

[12:57] {Threei} as long as holding .70

[12:58] {magoo} osk u mean?

[12:58] {Threei} nice and easy

[12:58] {Threei} .98 in, .21 out

[12:59] {nemo} bottom ticks the pullback....sheeeshhhhhhhh

[12:59] {Threei} not really

[12:59] {Threei} was a few cents lower

[13:00] {Threei} and out too soon

[13:00] {Threei} but heck

[13:00] {nemo} oh yeah...sorry, you messed up big

[13:00] {Threei} that was asclp by design

[13:00] {Threei} too volatile

[13:00] {Threei} don't want to hang around too long

[13:00] {nemo} total feel...o volume indication to speak of

[13:00] {Threei} *SEPT NAHB HOUSING MARKET INDEX: 19 V 19E (highest since May 2008)

[13:00] {Threei} - no revisions to prior 18 (related XHB EUR/USD SPY SHY )

[13:02] {ese} L atvi .6195 to be exact

[13:02] {Threei} I wonder

[13:02] {Threei} is there ay chance public would approve of a plan that says:

[13:02] {nemo} oh no

[13:02] {Threei} every American MUSAT buy insurance or be fined

[13:03] {nemo} that's the way it is here in Massachusetts

[13:03] {nemo} osk forming range?

[13:03] {dino} the easiet way is to expand medicare, w/insurance companies offering medicare supplements. they always make it harder than has to be

[13:04] {dino} imo of course

[13:05] {Threei} I don't know nemo... OSK looks ot me like upo from these levels, but it's to volatilie for a more exact call

[13:09] {dino} .65 seems to be top

[13:10] {Threei} coming into bounce area again

[13:10] {ese} out atvi .69 +.07

[13:10] {ese} ok....now that was on 20k of the litle buggars

[13:11] {nemo} hehehehe

[13:11] {ese} those 2 little topping tails on the 1 min chart are my selling

[13:11] {dino} es, how tight is your stop ?

[13:12] {dino} 1:1?

[13:12] {ese} on that it would b .02

[13:12] {dino} ty

[13:14] {ese} i kinda wait for the X and sales to start increasing in speed......ala a conversation i had with vad eairlier......i pretty much know that the stop is not going to be in jeapardy

[13:15] {dino} thx

[13:17] {ese} i don't see fitb doing much of that anymore.....thats pretty much the reason i haven't done alot of the 20k hits for a while

[13:17] {dino} hard stops?

[13:17] {ese} no just finger on the trigger

[13:17] {dino} ok

[13:18] {ese} i have been burned like that though a couple of times....but so winners far outnumbering loosers

[13:18] {dino} osk

[13:18] {nemo} yeah

[13:18] {dino} you're doing great

[13:19] {ese} tks....for what it's worth i have learned from all of you on this board and seemed to come up with a system from everything i seen that seems to work for me

[13:20] {dino} million ways to do it

[13:20] {dino} gj

[13:20] {Threei} ATVI breaks again

[13:21] {ese} your gut sense dino of those stocks that are tanked 2 bucks or more and you seem to find the support ppoint is spectacular as far as i'm concerned

[13:21] {dino} need to trust it more, under-performing for about two months now

[13:22] {ese} i've followed you a couple of times there.....and it is tough....

[13:22] {ese} atvbi off again ...your right vad

[13:23] {ese} missed it....X and sales picking up

[13:23] {nemo} aig broke out o a C&H about 15 minuts ago

[13:24] {dino} out osk +.25

[13:24] {Threei} ummm... nemo, I can't help it

[13:24] {nemo} looked late

[13:24] {Threei} and the point in telling us about it NOW is?... :0

[13:24] {nemo} go ahead...hit me

[13:25] {ese} nice dino............i rest my case

[13:25] {magoo} read on HIG vad?

[13:25] {magoo} 28.50??

[13:26] {Threei} well... breaking out

[13:26] {dino} crm out +.06

[13:26] {Threei} how far - no idea

[13:26] {dino} sucks

[13:26] {Threei} it's at that silly stage where it can go couple bucks either way

[13:27] {nemo} lvs vad?

[13:27] {Threei} this one is interesting

[13:27] {Threei} can take a few tries,

[13:27] {dino} apol .90 l

[13:27] {Threei} but I'd dtasrt trying it for bounce

[13:27] {Threei} 20 break

[13:28] {Threei} dtasrt?

[13:28] {Threei} sigh

[13:28] {nemo} Siddhartha?

[13:28] {magoo} [13:28] {&Threei} dtasrt?

[13:28] {magoo} huh??

[13:35] {Threei} that trigger didn't happen, next one is coming soon

[13:35] {dino} agco lod

[13:36] {dino} evr s .,79 hl

[13:37] {nemo} broke low, going to close...

[13:38] {ese} signing off everyone.......have a great rest of the day....cya all tomorrow

[13:38] {Threei} take care ese

[13:38] {ese} see ya vad......

[13:40] {dino} apol stopped -.189

[13:42] {dino} apol rinsed

[13:54] {Threei} LVS becomes more and more tempting

[13:55] {dino} hitk l .00

[13:55] {Threei} OK

[13:55] {Threei} .40 if stays above .30

[13:57] {nemo} .25 pivot

[13:59] {dino} ese spike

[14:09] {nemo} triangle on mgm

[14:20] {Threei} double bottom is forming LVS

[14:21] {Threei} .15 long trigger

[14:24] {magoo} aqny read mgm

[14:24] {magoo} any

[14:25] {Threei} their charts are quite similar

[14:25] {Threei} no triggers

[14:26] {Threei} crap... I am about to start crying:

[14:26] {Threei} US) Former Fed Chairman Volker: It will take "a number of years" to recover from recession

[14:26] {dino} oine more whoosh mgm to 12.30 gap fri.

[14:27] {dino} lvs 18.15ish

[14:31] {Threei} what a dump

[14:31] {nemo} counting....

[14:47] {nemo} dino...see amed today?

[14:48] {dino} evr s .42 ave

[14:50] {dino} yes amed, played it at 39 for scalp

[14:50] {dino} bummer

[14:53] {nemo} wfc vad

[14:53] {Threei} '?

[14:54] {nemo} I'll take that as a "no"

[14:54] {Threei} take it for what it is: "what about it??"

[14:55] {Threei} someone types a symbol with my name attachee, I expect to see some thig extraordinary

[14:55] {Threei} maybe harsh selloff I missed,

[14:55] {Threei} maybe some very nice setup forming

[14:55] {Threei} looking, seeing garden varie'ty chart

[14:55] {Threei} one of 10,000

[14:56] {Threei} so I ask what about it?

[14:56] {nemo} double bottom possibly builing range above .08 would look for trigger in .15 area

[14:57] {nemo} so much for that range

[14:58] {Threei} AGN FDA posts warning letter over promotions for Latisse eyelash drug; claims advertisements were misleading (58.51, +1.43, 2.51%)

[14:59] {nemo} eyelash drug?

[15:00] {larisa} ads with brooke shields :)

[15:01] {dino} jeans?

[15:01] {nemo} long time ago dino

[15:01] {larisa} no, blink! and you have 1 feet eyelashes :)

[15:02] {dino} too bad

[15:02] {dino} brb

[15:09] {dino} evr cov while out +.20

[15:12] {dino} hbc sd .00

[15:12] {dino} s

[15:17] {fernp} have a good evening. see u all tomorrow

[15:18] {Threei} take care fern

[15:20] {Threei} ATVI... ese would be happy with .70 break

[15:20] {Threei} and many little buggers

[15:20] {dino} evr hod

[15:26] {dino} agco to .70

[15:27] {dino} out .72, +.32

[15:37] {dino} amed

[15:39] {dino} it's like they are buying the garbage that hasn't gone up yet., lots of $3 4 and 5 dollar movers on crap

[15:40] {dino} for lack of a better word

[15:40] {dino} hitk stopped .15 ave +.15

[15:40] {Threei} truer

[15:41] {Threei} -r

[15:41] {dino} blow off top coming imo

[15:42] {dino} mgm gap fill

[15:44] {Threei} LVS on its way too

[15:45] {dino} problem is gaps still below 11.12

[15:46] {larisa} AMZN has no sellers today :)

[15:46] {dino} 18.15, 16.74 16.28

[15:48] {dino} hbc stopped/cov -.05

[15:51] {Threei} AIG Board reportedly rejects new CEO's request for personal jet used for business purposes

[15:51] {Threei} - Spokesperson comments that there is no conflict between the board and the CEO

[15:52] {Threei} EBAY Skype founder group files copyright suit against eBay and investor group claiming they stole peer-to-peer technology - WSJ

[15:52] {Threei} - claims damages accruing at $75M/day

[15:52] {Threei} Market Internals update at 3:30pmET

[15:52] {Threei} - NYSE volume 1.19B shares, about 40% above its three-month average; advancers lead decliners by 4.5:1.

[15:52] {Threei} - NASDAQ volume 2.31B shares, about 27% above its three-month average; advancers lead decliners by 2.1:1.

[15:52] {Threei} - VIX index +1.75% to just over 23.50

[15:53] {dptl} have a good evening all

[15:53] {Threei} take care dp

[16:00] {Threei} thank you all

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

[16:00] {larisa} bye all:)

[16:00] {dino} gn all

[16:01] {lasertrev} see ya

Sep 15 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

First half of the day was not too bad with strong IACI and BCRX plays, and couple scalps/stops. Second half however was the embodiment of the boredom. Oh well.

Session Time: Tue Sep 15 00:00:00 2009

[08:06] {magoo} mornink comrades
06[08:07] * nemo slaps magoo around a bit with a large trout
[08:09] {magoo} BCRX
[08:11] {nemo} in :)
[08:14] {magoo} where?
[08:14] {Threei} 7:30:56 AM
[08:14] {Threei} Biocryst Pharmaceuticals Inc Signs partnership deals for representing Peramivir outside the US
[08:14] {Threei} - Signed binding letters of intent with three partners who will exclusively represent BioCryst and its anti-viral peramivir for influenza stockpiling opportunities, as well as for marketing and distribution of peramivir for seasonal influenza upon local regulatory approval, within their territories outside the U.S.
[08:14] {Threei} - Each partner will immediately begin meeting with key government officials in their respective territories to discuss peramivir''s availability during this global health emergency.
[08:14] {Threei} - New partners include moksha8 Pharmaceuticals, Inc. for Brazil and Mexico, NT Pharma (Group) Co., Ltd. for China and Neopharm Group for Israel.
[08:17] {magoo} the runner de jour vad?
[08:17] {nemo} ooh...so cosmopolitan mags
[08:18] {Threei} hmmm
[08:24] {Threei} LVS next leg
[08:25] {nemo} we can still short aig
[08:26] {Threei} IA) Russian Pres Medvedev: Iran has a right to a civilian nuclear program
[08:27] {Threei} (UK) Chancellor Darling: Sees encouraging sings in UK economy, still believes US will exit recession by year end
[08:28] {Threei} UAUA upticking
[08:29] {Threei} *AUG ADVANCE RETAIL SALES: 18.9% V 1.9%E
[08:30] {Threei} AUG ADVANCE RETAIL SALES: 1.1% V 1.9%E; EX AUTOS: 0.6% V 0.4%E
[08:30] {Threei} AUG PRODUCER PRICE INDEX M/M: 1.7% V 0.8%E; PPI EX FOOD&ENERGY M/M: 0.2% V 0.1%E
[08:31] {Threei} AUG EMPIRE MANUFACTURING 18.9 v 15e
[08:32] {Threei} FCEL Wins contract
[08:34] {Threei} DOE awarded it approximately $1.9M for the Development of a Microchannel High Temperature Recuperation
[08:41] {magoo} u grab any LVS vad?
[08:41] {Threei} no
[08:44] {nemo} doesn't the CTFC release guidelines on commodities trading leverage today?
[08:44] {Threei} don't remember... why is it important?
[08:45] {Threei} I don't think there will be any real surprizes
[08:45] {nemo} well, when they announce Summer of 2008 changes in leverage, and anti-shorting rules, the energy market tanked
[08:46] {Threei} that was very different situation
[08:46] {nemo} yes
[08:46] {fernp} good morning everybody
[08:46] {Threei} fern :)
[08:46] {nemo} haroo
[08:50] {nemo} mags...look
[08:51] {Threei} oh boy
[08:51] {Threei} just don't start day with it
[08:51] {nemo} pres speaking?
[08:51] {Threei} let's make some money, then start flipping trout around
[08:51] {Threei} get your priorities straight {G}
[08:51] {nemo} dndn down a bit
[08:52] {nemo} Our drinking club had a motto: "Forward...never straight."
[08:53] {lasertrev} good morning all. If anyone has any questions re: laser, you can contact me at DELETED
[08:53] {Threei} hi trev, thank you
[08:54] {Threei} one question
[08:54] {lasertrev} yes
[08:54] {Threei} urgent closing of open positions, we are calling you or dave?
[08:55] {magoo} i had same question
[08:55] {magoo} say my computer crashes, i call u?
[08:55] {magoo} to sell me out
[08:55] {lasertrev} dave for the next week or so, then me
[08:55] {Threei} cool beans
[08:56] {magoo} thats critical info to know
[08:56] {lasertrev} computer crash, u can call me
[08:57] {lasertrev} I am always in direct contact with Dave
[08:57] {dino} gm all
[08:58] {Threei} just so you know and are warned: when magoo's computer crashes and he needs urgent sell, he sounds like 13 years old schoolgirl forbidden to go to pop-star concert
[08:58] {Threei} dino :)
[08:58] {magoo} c'mon
[08:59] {lasertrev} lol, good to know
[08:59] {magoo} thats only when i got 6k aig in a freefall
[08:59] {nemo} well, if you're short-no problem :)
[08:59] {magoo} and it feels like im in protologists office
[09:00] {nemo} the old sygmoidoscope
[09:01] {cosmo} ah ...pokemon
[09:01] {nemo} that's an interesting way to put it
[09:02] {Threei} ok... lol but don't go any futher in that direction
[09:02] {cosmo} gotcha...
[09:02] {nemo} I'm showing remarkable restraint
[09:03] {Threei} that was mostly for nemo, cos...
[09:03] {nemo} hehehehe
[09:03] {cosmo} yea...time for those meds....
[09:04] {magoo} notice..i make the snowballz...nemo throws them and ghrets in trouble :)
[09:05] {nemo} Well...sometimes I do it all by myself
[09:06] {Threei} Support for Health Care Plan Falls Back To Pre-Speech Levels
[09:07] {Threei} Sic transit gloria mundi
[09:07] {nemo} wow
[09:07] {Threei} what, too fast?
[09:07] {Threei} or you are surprised I speak latin?
[09:08] {nemo} no impressed...actually will have to use that in my writing...we normally say "all things are temporary"
[09:08] {magoo} yhoo upgrades
[09:08] {larisa} gm :)
[09:09] {Threei} larisa :)
[09:09] {Threei} 51% Say Michelle Obama Involved in Policy Decisions
[09:10] {Threei} down from 58% in March
[09:10] {Threei} anyone knows why it's so important that I post it?
[09:11] {ese} good morning
[09:11] {Threei} ese :)
[09:11] {ese} hey vad
[09:11] {magoo} LVS
[09:12] {magoo} i believe target was 21
[09:12] {ese} that what were lookkin at mags
[09:12] {magoo} 19 seems inevitavble
[09:14] {ese} one gets the feeling with axl that if make it past the 2 day high 8.12 .....it's a lunga gunga
[09:21] {ese} china...shs raised to outperform
[09:21] {Threei} CVM Ticks higher on report from "Biomeds.com" stating "CEL-SCI''s H1N1 Treatment and Vaccines Getting Some Attention From U.S. Government"
[09:21] {Threei} - According to the report, the company had been in discussions over the past several days with multiple government groups interested in expediting CEL-SCI''s H1N1 efforts.
[09:26] {ese} lvs up another .75......goodness
[09:28] {Threei} so far, watching
[09:28] {Threei} LVS
[09:28] {Threei} UAUA
[09:28] {Threei} BCRX
[09:28] {dptl} good morning all
[09:28] {Threei} GE
[09:28] {Threei} dp :)
[09:29] {nemo} bcrx
[09:29] {nemo} oops
[09:32] {Threei} Long Setup: BCRX 11.90 break if stays above 11.80
[09:32] {ese} l bcrx .94
[09:33] {ese} not quick enough to get .91
[09:33] {Threei} Long Setup: UAUA .60 break if stays above .50
[09:34] {Threei} BCRX hit over 1:1 faster than
[09:34] {Threei} ummm... no dceent comparison
[09:34] {nemo} substance through a goose
[09:35] {ese} bcrx stopped .78
[09:35] {Threei} under the stop now
[09:35] {Threei} shrug
[09:35] {ese} -.16
[09:36] {Threei} LVS pullback
[09:36] {fernp} ty UAUA Vad
[09:37] {Threei} you out already??
[09:37] {fernp} .69
[09:37] {Threei} OK... feels like capable of more to me
[09:37] {dino} amed l .48
[09:37] {Threei} UAUA over 1:1
[09:39] {fernp} yes, too soon. scalpers regret :)
[09:39] {Threei} half out .74
[09:39] {dino} to .60
[09:40] {ese} you were right about lvs mags.....made 19
[09:40] {Threei} 1/4 more out /90
[09:40] {Threei} .80
[09:41] {dino} out ave .70 amed, +.22
[09:42] {dino} cde l .10, stop .98
[09:43] {Threei} Long Setup: BAC .20 if stays above .10
[09:44] {dino} out cde .21, +.11
[09:45] {Threei} let's modify BAC
[09:45] {Threei} .10 break long
[09:45] {Threei} if stays above .05 for scalpers, above 17 for day traders
[09:46] {ese} l bcrx .75
[09:48] {Threei} Long Setup: IACI .73
[09:48] {Threei} if stays above .65
[09:50] {Threei} no wrky BAC
[09:51] {fernp} out BAC
[09:51] {ese} out bcrx .93 +.18
[09:51] {Threei} UAUA
[09:51] {dino} cake s .51
[09:52] {ese} don't like that stock....don't like the way it trades
[09:52] {Threei} looking for pullback entry
[09:52] {nemo} trading with market now
[09:52] {magoo} BCRX
[09:52] {Threei} .66 if holdijg above .60
[09:53] {dino} to b/e cake
[09:55] {fernp} stopped UAUA
[09:55] {Threei} market weakened
[09:55] {Threei} backing off for now
[09:57] {dino} cov cake .41, +.10
[09:58] {nemo} iaci still valid
[09:58] {Threei} I think so
[09:58] {Threei} barely touched under .65
[09:59] {Threei} Preview: Fed's Bernanke to speak at 10amET at Brookings Institute
[09:59] {Threei} - Bernanke will repeat his Aug 21 speech from the Jackson Hole symposium titled "Reflections on a year in Crisis"
[09:59] {Threei} - he will do a Q&A afterward
[09:59] {nemo} iaci
[10:00] {fernp} in IACI
[10:00] {Threei} S&P Depository Receipts *JULY BUSINESS INVENTORIES: -1.0% V -0.9%E
[10:00] {Threei} SEPT IBD/TIPP ECONOMIC OPTIMISIM INDEX: 52.5 V 51E
[10:01] {ese} L dndn .71
[10:02] {ese} thats a name we haven't heard to much from lately dndn
[10:03] {dino} reddddddd
[10:05] {fernp} HIG double bottom?
[10:05] {ese} out dndn .81 +.10
[10:05] {nemo} kick iaci please
[10:05] {dino} amed l .50
[10:06] {Threei} stop is a bit too far, fern
[10:08] {dino} amed stop is .45
[10:08] {dino} amag?
[10:08] {nemo} wow tight for you dino
[10:09] {Threei} tough call but
[10:09] {Threei} Long Setup: BCRX .10 break
[10:09] {Threei} stop under 12
[10:09] {Threei} not a scalp
[10:09] {Threei} momo candidate
[10:10] {nemo} fast
[10:10] {magoo} ib
[10:10] {magoo} in
[10:10] {Threei} 1:1 in a blink of eye
[10:10] {nemo} didn't get to blink
[10:11] {Threei} far from done IMO
[10:11] {nemo} 1:1 iaci
[10:11] {fernp} ty IACI Vad
[10:11] {Threei} IACI 1:1, half out
[10:11] {Threei} half out BRCX .31
[10:11] {dino} to .49 amed stuck
[10:12] {ese} l dndn .85
[10:12] {Threei} ok... life looks brighter
[10:12] {Threei} SVNT Hearing takeover chatter circulating in name
[10:12] {Threei} - Rumor states that firm is in discussions with AMGN (16.25, +0.37, 2.33%) (related AMGN )
[10:12] {nemo} Oh, is it dawn there?
[10:13] {ese} out dndn .95
[10:14] {Threei} Massachusets needs some serious purge... if that's what going for humor over there
[10:14] {nemo} axl vad
[10:14] {nemo} Puritan state
[10:14] {Threei} what about AXL?
[10:14] {ese} +.10
[10:14] {nemo} bottoming?
[10:14] {dino} slipped amed stopped -.05 ave
[10:15] {Threei} I don't see anything definitive on it
[10:15] {dino} kbr down
[10:16] {Threei} BCRX, for those who go for momo trade:
[10:16] {Threei} two levels to take, .35 and .50,
[10:16] {Threei} if successful, should go for 13
[10:17] {ese} no pullback vad?
[10:18] {Threei} ?
[10:18] {ese} l bcrx
[10:18] {ese} 28
[10:18] {Threei} see this pace pickup?
[10:19] {magoo} in it vad
[10:19] {ese} out .37 +.09
[10:19] {ese} bcrx
[10:19] {Threei} you scalper you
[10:21] {dino} crm l .25
[10:25] {larisa} VVUS?
[10:25] {Threei} probably it's turn to have rumor finally
[10:25] {larisa} only fair :)
[10:26] {Threei} yeah, it was my rumor candidate for what, couple days now?
[10:26] {Threei} yessss!!!
[10:26] {Threei} VVUS Hearing renewed takeover chatter circulating (11.55, +0.31, 2.76%)
[10:27] {Threei} BCRX, fizzled out for now
[10:27] {Threei} trailed second half stopped b/e
[10:28] {Threei} so, I believe we have rumor machine mechanics figured out
[10:29] {Threei} number of stocks that had nice runs with some news, then calmed down and retreated,
[10:29] {Threei} those become target for rumor mongering
[10:29] {Threei} idea is simple:
[10:29] {Threei} names is fresh in traders' minds,
[10:29] {Threei} name
[10:29] {Threei} they remember it can run,
[10:30] {Threei} they view it as second opportunity
[10:30] {Threei} and it looks plausible in light of recent news
[10:30] {ese} L lvs .71
[10:30] {Threei} so they hit it hard
[10:31] {Threei} Market Internals update at 10:30amET
[10:31] {Threei} - NYSE volume 325M shares, about 25% above its three-month average; decliners lead advancers by 1.1:1.
[10:31] {Threei} - NASDAQ volume 600M shares, about 11% above its three-month average; decliners lead advancers by 1.2:1.
[10:31] {Threei} - VIX index +0.6% to just below 24.00
[10:31] {ese} out lvs .75 +.04
[10:31] {Threei} it's kind of hard to nail exact name and order, but VVUS is great example
[10:31] {Threei} we predicted yesterday that rumor on it will be out soon
[10:33] {Threei} OK IACI
[10:33] {Threei} 1:2
[10:33] {Threei} let's make up our collective mind
[10:33] {Threei} to me, looks like 1/4 more out,
[10:33] {Threei} stop to under .80
[10:33] {Threei} and offer last portion at .95 or so
[10:34] {nemo} Magoo will do .949
[10:35] {nemo} stop for last Vad? .83?
[10:35] {ese} l ntap .83
[10:36] {Threei} stop for what?
[10:36] {nemo} iaci
[10:36] {Threei} ummm
[10:36] {Threei} [10:33] {Threei} stop to under .80
[10:36] {nemo} duh
[10:36] {Threei} reading comprehension 101 is in order?
06[10:37] * nemo slaps nemo around a bit with a large trout
[10:37] {nemo} aig
[10:37] {nemo} nevermind
[10:37] {Threei} lol
[10:37] {Threei} three fish in one sentence
[10:38] {nemo} efficiency
[10:39] {dino} hero
[10:39] {nemo} thank you
[10:39] {nemo} oh, the stock...:)
[10:39] {Threei} rofl
[10:39] {Threei} Massachusets improves
[10:40] {Threei} in a sense of humor department
[10:41] {nemo} out iaci
[10:41] {nemo} .95
[10:41] {Threei} and here comes the bri... umm IACI
[10:41] {Threei} out in full
[10:41] {Threei} not too shabby for a slow one
[10:42] {fernp} you are good Vad
[10:42] {Threei} ah thank you
[10:42] {Threei} I have my moments
[10:42] {nemo} let's see if we have scalper's regret :)
[10:42] {Threei} good to see in a few years you have noticed {G}
[10:43] {nemo} who called the DB in Hig?
[10:44] {Threei} fern did
[10:44] {dino} ebix sm l .01 thin
[10:44] {nemo} nice fern
[10:44] {fernp} grabbed +.10 there. TY
[10:46] {KSystems} hi
[10:46] {nemo} Tag
[10:47] {Threei} KS :)
[10:48] {nemo} rimm announcing results on 24th
[10:49] {nemo} Mags, what are you trading?
[10:50] {magoo} i had 6k AIG
[10:50] {magoo} just out .28
[10:50] {magoo} takes focus
[10:50] {magoo} + .50 cents
[10:50] {Threei} and a stock of fresh diapers
[10:50] {nemo} he was so quiet, knew he was concentrating....:)
[10:50] {magoo} i have 6k LVS and BCRX
[10:50] {nemo} and wipes
[10:51] {magoo} trying fot .97 lvs
[10:51] {magoo} in it .80
[10:51] {ese} exactly what i do there magoo
[10:52] {magoo} oiut LVS .94
[10:52] {magoo} +14
[10:52] {ese} i have 6k of ntap right now.....it should make a run for 25 before the day is out
[10:52] {magoo} want 12.91 BCRX
[10:53] {magoo} long way too go
[10:53] {dino} out crm .37, +.12
[10:54] {ese} yes
[10:54] {Threei} good exit LVS
[10:55] {magoo} for room..ill change my mind on exit quick if lose the feel..so careful if u running with me
[10:56] {magoo} can always reenter
[10:57] {dino} ebix stopped
[11:00] {magoo} AIG gonna rip RISKY
[11:00] {nemo} O.K. Vad, you can dislocate your shoulder on iaci now...
[11:00] {dino} kbrl .60
[11:00] {Threei} my feeling is,
[11:00] {Threei} we are about to see resumption of that relentless march up
[11:00] {Threei} slowly, throughout the day
[11:00] {Threei} crunching resiastances
[11:00] {Threei} and roasting bears over the slow fire once again
[11:01] {magoo} agree
[11:01] {magoo} we gonna RIPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP
[11:07] {ese} l ntap avg price .78
[11:07] {fernp} UAUA Vad
[11:08] {magoo} BCRX just told me to bend over, put a dart in a slingshot...and u can figure the rest
[11:09] {Threei} UAUA became market follower
[11:11] {dino} abii
[11:12] {ese} vad opinion ntap 1min chart please
[11:12] {Threei} for scalp maybe if market helps
[11:12] {Threei} too narrow for anything else
[11:13] {Threei} and guess who is coming on TV
[11:13] {nemo} ah...exit positions
[11:13] {ese} i'm long .78
[11:13] {Threei} [10:42] {nemo} let's see if we have scalper's regret - nope... AFAIAC, perfect exit
[11:13] {Threei} on IACI
[11:13] {ese} will scalp this when it breaks above .80
[11:13] {nemo} [11:00] {nemo} O.K. Vad, you can dislocate your shoulder on iaci now...
[11:14] {Threei} I firmly intend to do just that
[11:14] {ese} it's drivin me nuts right now
[11:14] {nemo} what's your stop on KBR dino
[11:16] {dino} kbr stopped -.15
[11:16] {nemo} .-11
[11:20] {dino} sorry
[11:20] {nemo} sorry for what?
[11:21] {dino} the stop
[11:21] {dino} fire
[11:21] {nemo} wasn't your finger on the button
[11:21] {dino} :)
[11:22] {nemo} we'll blame it on Magoo
[11:22] {nemo} one suggestion Dino
[11:22] {nemo} on stocks like fire, could you alert us before the run-up
[11:22] {nemo} :)
[11:22] {dino} already did
[11:26] {nemo} cat short vad?
[11:26] {magoo} cof crushed here
[11:26] {Threei} unavailable
[11:27] {Threei} I checked a while ago
[11:27] {nemo} damn
[11:27] {dino} fire
[11:28] {dino} sm s .25
[11:33] {magoo} VAD LVS
[11:33] {nemo} kbr Dino
[11:33] {nemo} we got out at the bottom
[11:34] {dino} yes
[11:34] {dino} .50 entry may work
[11:35] {Threei} looks like getting ready for all out break mags
[11:38] {Threei} fireworks are about to start
[11:38] {Threei} it's Vegas or what, after all
[11:39] {cosmo} its a gamble...
[11:39] {nemo} nice cos...
[11:40] {nemo} alright, I have to step away...should take of
[11:40] {cosmo} APWR tests 11.20 fwiw
[11:42] {dino} stopped fire -.35
[11:43] {dino} spiked me
[11:47] {Threei} hard to tell whether it's another break or double top
[11:47] {Threei} 50/50
[11:48] {Threei} volume is not indicative either way
[11:48] {dino} ebix hl l .45 last try
[11:48] {Threei} if you are in, lighten up mags
[11:49] {magoo} out .28 LVS
[11:49] {magoo} TY vad
[11:49] {magoo} + .18
[11:49] {Threei} I meant partyial
[11:50] {Threei} you sold in full?
[11:50] {magoo} yup..no probs
[11:50] {magoo} can reload pllbk
[11:50] {nemo} 6k shares?
[11:50] {magoo} 2k
[11:50] {dino} lphi l .92 ave
[11:52] {cosmo} APWR tests 11.20 wall ...soon
[11:54] {cosmo} i think
[11:56] {Threei} candidates for market breakout:
[11:56] {Threei} LVS
[11:56] {Threei} UAUA
[11:56] {dino} hsii .40
[11:56] {dino} l
[11:57] {Threei} Long Setup: UAUA .76 if market breaks
[11:58] {Threei} Long Setup: LVS .30 if market breaks
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 555M shares, about 25% above its three-month average; advancers lead decliners by 1.4:1.
[12:00] {Threei} - NASDAQ volume 1.05B shares, about 8% above its three-month average; decliners and advancers are about even.
[12:00] {Threei} - VIX index -0.5% to just below 24.00
[12:00] {dptl} got to leave.........have a good rest of the day all
[12:00] {Threei} take care dp
[12:00] {Threei} STSI Reports on Status of Patent Reexamination Requested by RJ Reynolds Tobacco Prior to Jury Trial
[12:00] {Threei} reported that the company''s counsel has received a notice of a first office action, or "... (0.95, -0.02, -2.06%) more... (related RAI )
[12:01] {Threei} a lot of legal mambo jambo
[12:02] {Threei} can't underdtand a word of it
[12:05] {Threei} FDIC's Bair: US financial industry is not much more stable presently (related XLF EUR/USD )
[12:05] {Threei} klol
[12:06] {Threei} make up your mind
[12:06] {Threei} president says "we pulled... from the brink"...
[12:06] {Threei} bank failures should continue at a "pretty good clip" - CNBC
[12:06] {Threei} - notes it will ultimately be a very small percentage of banks that fail
[12:08] {Threei} MS Exec: we are extremely optimistic (29.29, +0.54, 1.88%)
[12:08] {Threei} there you go
[12:08] {Threei} learn from them Bair
[12:25] {ese} hmmmmmmmmm
[12:26] {ese} that was so that i didn't get the...."ese is away(auto away)
[12:27] {Threei} you on mirc?
[12:28] {nemo} C&H on aig?
[12:28] {Threei} nah
[12:29] {nemo} nope
[12:32] {Threei} GE Hearing cautious comments from CFRA Report (8.76, +0.03, 0.34%)
[12:36] {dino} lphi stopped -.13
[12:39] {dino} ebix stopped
[12:42] {dino} crm .85 l
[13:01] {fernp} GE 15.90 break?
[13:01] {Threei} scalp only
[13:01] {Threei} too narrow
[13:03] {Threei} Berkshire's Buffett: Berkshire is buying stocks at the moment; getting 'a lot' for the money in equities (related DIA SPY QQQQ BRK.A )
[13:03] {nemo} thought he was selling last week?
[13:03] {Threei} maybe he is scalper?
[13:03] {nemo} ha...ha, ha....ha, ha, ha, ha,...hahaha
[13:10] {Threei} Long Setup: PTEN 15 break
[13:10] {nemo} stop under .90?
[13:11] {Threei} yeah... for scalpers under .95 but feels like capable of more than scalp
[13:11] {Threei} powerful break on daily
[13:11] {Threei} won't be fast though
[13:13] {nemo} lvs
[13:13] {Threei} honstly trying
[13:20] {nemo} frickin cat
[13:26] {fernp} in PTEN
[13:27] {nemo} me too
[13:27] {Threei} sorry for late alert but:
[13:27] {Threei} guess who is on TV
[13:28] {nemo} no wonder pten's tanking
[13:28] {Threei} tanking?
[13:28] {Threei} 3 cents downtick is tanking in your vocabulary?
[13:29] {nemo} no .06
[13:29] {Threei} then I guess 3 minutes ago it was flyting
[13:29] {Threei} on fire
[13:29] {Threei} soaring
[13:29] {nemo} nah, crashed on runway
[13:30] {nemo} burning on fire not necessarily good either.
[13:30] {Threei} hmm
[13:30] {Threei} labor reform is a future american people wanna build
[13:30] {Threei} I just heard it from TV
[13:30] {Threei} must be true
[13:30] {nemo} we'll be hearing the Soviet slogans soon
[13:31] {Threei} eternal glory to our party and dear leader
[13:31] {nemo} praise be to Uncle Joe
[13:32] {Threei} PALM Hearing added to Deutsche Bank's short term Buy list (timing uncertain) (14.59, +0.22, 1.53%)
[13:37] {nemo} wfc having quite the little run
[13:41] {Threei} (US) SEC is reportedly asking issuers and banks to share data used to rate bonds (related MHP MCO XLF )
[13:44] {Threei} nemo... I guess in order to stay with your definitions we can safely say that PTEN runs in place with incredible blistering speed
[13:44] {nemo} got a good treadmill
[13:45] {Threei} and if we are lucky it may move 5 cents THIS, yes, THIS millenium
[13:45] {nemo} my hair can't get any grayer, so I guess it'll just have to fall out
[13:45] {Threei} OPTR Announces Presentation of Additional Data From Fidaxomicin Phase 3 Study for the Treatment of Clostridium Difficile Infection (CDI) (13.79, +0.39, 2.91%)
[13:46] {dino} are afternoons slow lately or what?
[13:47] {nemo} not for snails
[13:47] {Threei} they aure are
[13:47] {dino} could it be the flash trade bans
[13:47] {Threei} lol
[13:47] {nemo} did they ban them?
[13:47] {dino} think so, few weeks ago
[13:47] {nemo} I thought they were going to be issuing guidelines sometime around now
[13:47] {Threei} one of providers vilutarily stopped them
[13:48] {nemo} oh.....
[13:49] {nemo} now that's interesting...can't short cat we knew, but it's per SEC...wow
[13:49] {Threei} pssst nemo
[13:50] {Threei} PTEN is flying
[13:50] {nemo} whoa Im green
[13:50] {Threei} soaring
[13:50] {Threei} crashing barriers
[13:50] {nemo} levitating
[13:50] {Threei} jamming airwaves
[13:50] {nemo} Let's not get all icarusy about this
[13:51] {Threei} I am just trying to test the limits of your tesaurus
[13:51] {nemo} I'm a sesquepaedalian
[13:52] {Threei} yeah... limitless
[13:52] {nemo} nah, only 5'6"
[13:52] {Threei} ok... limitless but short
[13:53] {Threei} FDA spokesperson: Confirms H1N1 vaccine approval for CSL Novartis, Sanofi, Astrazeneca
[13:54] {nemo} pten follows Way of the Tortoise
[13:55] {Threei} one legged snail navigating through cold mollasses
[13:55] {nemo} female or male snail
[13:55] {Threei} [13:11] {Threei} won't be fast though
[13:55] {nemo} I remember...kickin' myself for FCX on that higher low @ 70.70
[13:58] {fernp} PTEN stop is still under .90 Vad?
[13:59] {Threei} .95 held
[13:59] {Threei} maybe let's trail it to .94
[14:00] {nemo} the volume on that last test is concerning
[14:03] {Threei} JAZZ Hearing takeover chatter circulating
[14:03] {Threei} - Forest labs again rumored as potential acquirer (9.96, +0.36, 3.75%) (related FRX )
[14:03] {Threei} hmmm
[14:03] {Threei} rumor mill went second round
[14:03] {Threei} ran out of names
[14:03] {Threei} what was next after JAZZ, who remembers?
[14:04] {nemo} blues was first, than Rock&Roll
[14:04] {nemo} after jazz
[14:04] {nemo} Guess my Boston humor has regressed
[14:05] {Threei} drops below the baseboard
[14:05] {Threei} and I thought it was at the rock bottom
[14:05] {nemo} never say never
[14:23] {fernp} won't be fast though = will be a torture?
[14:23] {nemo} like flossing with barbed wire
[14:23] {dino} out hsii +.12
[14:25] {Threei} sorry fern... didn't expect it to be THIS slow... :)
[14:27] {fernp} no problem :)
[14:36] {dino} mon sm s .99
[14:38] {nemo} oh well
[14:38] {fernp} out
[14:39] {Threei} less than 15 cents range
[14:39] {Threei} points
[14:42] {dino} wy drop
[14:48] {dino} mso
[14:49] {dino} mon to flat
[14:53] {nemo} rude of pten
[14:57] {Threei} yawn
[15:11] {Threei} LVS again'
[15:13] {Threei} guys, in case I forget,
[15:13] {Threei} YRCW is worth keepoing on a radar
[15:14] {Threei} drop into 3.50 is probably buy, and drop into 3 is screaming buy
[15:16] {dino} titn l .12
[15:21] {Threei} second haklf of the day is so mind-numbingly boring, I forgot whether we had goood first half or not
[15:22] {nemo} probably about flat
[15:23] {Threei} IACI was good
[15:23] {nemo} yep...top ticked it just about too
[15:23] {Threei} and BCRX
[15:23] {Threei} the rest was pretty much balancing eacvh other out
[15:28] {dino} strangest/slowest sept. p.m. market i can remember
[15:28] {Threei} I agree
[15:29] {Threei} usually September is much more fireworky
[15:29] {dino} i should just go home at 11:30
[15:29] {nemo} makes august look fast...why should we be surprised...everybody thought things would pick up in September
[15:29] {Threei} well... don't forget,
[15:29] {Threei} September so far is working agaionst the wide-spread conviction that market must drop
[15:30] {nemo} my point exactly
[15:30] {Threei} and what is the best way to trap the most if not this sloooooow grind
[15:30] {Threei} so every bear out there finds encouragement in each downtick
[15:30] {Threei} and slow boiling is not scaring the frog
[15:31] {Threei} so he doesn't jump out
[15:32] {Threei} (US) Senator Rockefeller (D): Cannot support Finance Committee healthcare reform bill in its current form (related IYH )
[15:32] {dino} ascma
[15:35] {Threei} Market Internals update at 3:30pmET
[15:35] {Threei} - NYSE volume 1.05B shares, about 25% above its three-month average; advancers lead decliners by 2.3:1.
[15:35] {Threei} - NASDAQ volume 1.99B shares, about 10% above its three-month average; advancers lead decliners by 1.4:1.
[15:35] {Threei} - VIX index -3% to just over 23.00
[15:37] {Threei} 57% View Pelosi Unfavorably, But Thats An Improvement
[15:53] {nemo} weird day for an up day
[15:59] {dino} out titn -.10 out crm -.15
[15:59] {Threei} thank you all
[15:59] {Threei} havce a good evening, see you tomorrow goer another slow u day
[15:59] {nemo} buh bye
[16:01] {lasertrev} have a good night all