Sep 22 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Nice and strong day, with variaty of calls that for the most part worked nicely. AIG long for 70 cents, CYTK pullback entry for a nice bounce, classic PALM pullback entry right out of textbook, couple 10 cents stops on UAUA and HIG, and a lot of excitement on the end of day AIG rapid movements.

Session Time: Tue Sep 22 00:00:00 2009

[08:00] {magoo} mornink comrades

[08:01] {nemo} mags :)

[08:01] {nemo} looks like the rally's back on

[08:03] {magoo} F,,didnt want AIG to gap

[08:03] {nemo} goes to 60 today...

[08:07] {magoo} dunno..could

[08:10] {KSystems} morning :)

[08:10] {magoo} K :)

[08:11] {nemo} Gruess dich

[08:15] {nemo} $ getting killed

[08:20] {magoo} i was watching vads CYTK..missed its move here

[08:21] {nemo} yeah...I was just going through the watch list, only palm down slightly

[08:29] {Threei} Good morning

[08:30] {magoo} vad:)

[08:37] {magoo} AIG high was 50.23

[08:37] {magoo} gapped way thru

[08:42] {fernp} good morning everybody

[08:42] {Threei} fern :)

[08:44] {fernp} I have an appointment, i'll be back in a couple of hours

[08:44] {fernp} don't get rich without me :)

[08:44] {Threei} ugh... we planned on exactly that :(

[08:50] {magoo} just picked off a point AIG..53.20 to 54.20

[08:51] {larisa} gm :)

[08:51] {Threei} larisa :)

[08:51] {Threei} I hear shorts gave it a nickname... AIG the Widowmaker

[08:52] {magoo} for real vad?

[08:53] {Threei} no... but they should

[08:54] {magoo} AIG equal opportunity killer imo...wives of bulls and bears crying everywhere

[08:54] {magoo} in again long

[08:55] {magoo} CARTEFUL

[08:56] {magoo} sigh..not a cart-ful...careful

[08:57] {Threei} CYTK is back into 5

[09:02] {lasertrev} gm

[09:02] {Threei} trev :)

[09:02] {Threei} 09:00 AM [COIN] Reports Increase in Re-Orders of Organic Fertilizer Products

[09:15] {dino} gm all

[09:16] {Threei} dino :)

[09:16] {dino} ccl

[09:17] {Threei} PALM CNBC reporter notes chatter that PALM's strength yesterday being attributed to takeover rumors

[09:17] {Threei} - rumor out of Europe that Nokia could be interested in acquiring PALM (15.95, 0.00, 0.00%) (related NOK )

[09:17] {Threei} CCL Reports Q3 $1.33 v $1.17e, R$ 4.1Bv $4.06Be

[09:17] {Threei} - Guides Q4 EPS $0.16 -0.20 v 0.22e

[09:17] {Threei} - Guides FY09 EPS $2.16-2.20 v $2.05e

[09:17] {cosmo} nktr

[09:17] {cosmo} getting busy

[09:18] {cosmo} 10.12 hi so far

[09:21] {cosmo} bdsm

[09:21] {cosmo} bsdm ...sorry

[09:22] {cosmo} 4.5 pre mkt high

[09:22] {Threei} 8:00:25 AM

[09:22] {Threei} BSD Medical Corporation Reports News Briefing: Hyperthermia and Chemotherapy Treatment Prolongs Survival of Sarcoma Cancer Patients

[09:22] {Threei} - A Phase III study, which utilized the BSD-2000 Hyperthermia System, demonstrated that patients with high risk soft-tissue sarcomas were 30% more likely to be alive and cancer free almost three years after starting treatment if targeted heat therapy (hyperthermia) was added to their chemotherapy treatment.

[09:24] {Threei} careful, a week ago company said this:

[09:24] {Threei} Friday, September 18, 2009 10:15:16 AM

[09:24] {Threei} BSD Medical Corporation FDA Review of BSD-2000 Hyperthermia System Continues; unable to predict when process will be completed

[09:24] {Threei} - On May 15, 2009, the FDA granted Humanitarian Use Device (HUD) designation for the Companys BSD-2000 Hyperthermia System for use in conjunction with radiation therapy for the treatment of cervical carcinoma patients who are ineligible for chemotherapy. The HUD for the BSD-2000 confirmed that the intended use population is fewer than 4,000 patients per year. Following receipt of the HUD designation, the Company filed a Humanitarian Device Exemption (HDE) marketing submission with the FDA, and the FDA review process of this submission is ongoing.

[09:26] {dptl} good morning all

[09:26] {Threei} dp :)

[09:31] {Threei} HIG on watch

[09:32] {Threei} Long Setup: CYTK 5.05 break if holding above 4.95 for scalpers, 4.90 for day traders

[09:34] {ese} morning......had to check in with my broker.......account was slightly off

[09:35] {Threei} morning ese

[09:35] {nemo} due

[09:35] {nemo} dude

[09:35] {ese} i' am due!

[09:37] {ese} l arna .54

[09:38] {ese} out arna .61 +.07

[09:38] {Threei} Long Setup: UAUA .55

[09:38] {Threei} if stays above .40

[09:38] {Threei} not a scalp for me

[09:39] {magoo} ok in

[09:39] {Threei} if works, target is closer to 10 at least

[09:40] {Threei} obver 1:1

[09:42] {ese} nice uaua trade

[09:42] {ese} missed the call

[09:42] {nemo} $ keeps getting killed...gonna' be a big up day

[09:43] {Threei} frikin HIG

[09:43] {Threei} biunced with no setup and never retreated to form one

[09:45] {Threei} Preview: July US House Price Index due out at 10amET

[09:45] {Threei} **consensus expectation (MoM): 0.5%e v 0.5% prior (estimates range between -0.4% to +0.6%)

[09:47] {Threei} (US) Pres Obama: Climate change remains urgent issue -UN Speach (related CARBX )

[09:48] {Threei} will work with G20 to phase out fossil fuel subsidies

[09:48] {Threei} VVUS Hearing takeover chatter circulating (11.74, +0.26, 2.26%)

[09:48] {Threei} yeah, it's VVUS's turn

[09:49] {Threei} UAUA, watching for another setup

[09:51] {Threei} a bit jumpy here, hard to pinpoint exact entry

[09:53] {Threei} formally .60 with stop under .50

[09:53] {Threei} but with this volatility I'd prefer stop to be under .40

[09:53] {Threei} so trying to find aggressive entry

[09:53] {ese} vad....palm on pullback.....got an opinion for me

[09:54] {Threei} 16.40 is nearest support...

[09:54] {Threei} what the chances of it puling that far back are, no idea

[09:54] {ese} tks.....nice run up

[09:55] {ese} it started moving just as i was starting to look at it....no place to get in

[09:58] {Threei} housing data is coming

[09:59] {Threei} SEPT RICHMOND FED MANUFACTURING INDEX: 14 V 16E

[09:59] {nemo} oops

[10:00] {Threei} *JULY HOUSE PRICE INDEX M/M: 0.3% V 0.5%E

[10:00] {nemo} oops

[10:01] {Threei} PALM better

[10:01] {Threei} STSI Breaks New Ground, Plans FDA Filing for Approval of First ''Modified Risk'' Tobacco Product; Nominates Curtis Wright, MD, MPH for FDA Advisory Committee (1.07, +0.09, 9.18%)

[10:01] {nemo} wth is that

[10:02] {Threei} - company will utilize a novel, patented method for cultivation, curing and preparation of tobacco to formulate dissolvable smokeless tobacco products.

[10:02] {Threei} - This new curing process was the subject of a patent application filed in December, 2008. Its use has resulted in tobacco leaf with significantly lower levels of tobacco-specific nitrosamines (TSNAs) than previously achieved using the StarCured(R) curing process: the International Agency for Research on Cancer previously has reported on the low levels of nitrosamines in Star''s products. T

[10:02] {Threei} - he company believes that this novel process, as reflected in its patent application, will enable the company to achieve the lowest toxin levels anywhere in the world. Star plans to submit the products to the FDA for approval to market as "modified risk" tobacco products, under Section 911 of the new Family Smoking Prevention and Tobacco Control Act, once formulation and testing of the new product is completed in early 2010.

[10:03] {nemo} Sounds like the epa should be regulating it :)

[10:04] {cosmo} fema maybe

[10:04] {cosmo} ...nah

[10:04] {magoo} we in anything here?

[10:04] {nemo} fema only comes into play during disasters.....mmmmmhhhh....I guess they should be running congress and the fed

[10:04] {ese} palm does lok better vad

[10:04] {ese} look

[10:04] {Threei} PALM is at support

[10:05] {Threei} .50 long

[10:05] {magoo} in

[10:05] {nemo} in

[10:06] {ese} in ,

[10:06] {magoo} anyone in?

[10:06] {Threei} 1:1

[10:07] {ese} out

[10:07] {Threei} IMF: Central banks must take actions against asset bubbles; Global growth potential may not return to those levels seen pre-crisis

[10:07] {Threei} - Central banks may need to take on additional mandate requiring playing a role in financial stability

[10:07] {ese} .54 .62 +.08

[10:07] {nemo} out .70

[10:07] {Threei} STSI...

[10:07] {nemo} ty

[10:07] {Threei} momo candidate

[10:08] {ese} nice nemo

[10:08] {ese} mags is still in

[10:09] {magoo} out .84 TY vad

[10:09] {Threei} welcome

[10:09] {ese} nice mags

[10:09] {Threei} Long Setup: CYTK .70 break if stays above .60

[10:09] {ese} how many shs mags

[10:12] {magoo} in

[10:12] {magoo} 4k

[10:12] {magoo} palm u mean

[10:12] {ese} nice......man after my own heart

[10:12] {ese} yes

[10:14] {magoo} im looking for AIG to retake 53 RISKY

[10:18] {ese} L mpel .57

[10:18] {Threei} don't laugh but

[10:18] {Threei} DNDN Hearing renewed akeover chatter circulating (30.16, +0.70, 2.38%) (related AZN )

[10:18] {Threei} bunker's at work

[10:19] {dino} lol

[10:19] {dino} magoo starts those rumors

[10:19] {Threei} he would do well alerting us about next one

[10:20] {dino} yes positive rumors ok, but negative and govt wants you

[10:24] {Threei} lol, we sold PALM too soon?

[10:25] {Threei} nailed entry perfectly

[10:25] {nemo} frickin' cramer

[10:25] {Threei} pullback was right out of textbook

[10:25] {nemo} TTR strikes again

[10:28] {Threei} market feels to me like resuming upward soon

[10:28] {magoo} palm reload?

[10:28] {Threei} not here

[10:28] {ese} out mpel .55 -.02 uneasy feeling

[10:29] {Threei} let's sit out shakeouts

[10:29] {Threei} and when uptrend proves itself, look for entries

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

[10:30] {Threei} - NYSE volume 265M shares, about even to its three-month average; advancers lead decliners by 2.2:1.

[10:30] {Threei} - NASDAQ volume 610M shares, about 10% above its three-month average; advancers lead decliners by 1.3:1.

[10:30] {Threei} - VIX index -2% to just over 23.50

[10:34] {Threei} grrr

[10:35] {Threei} was eyeing .70 break on PALM and hesitated

[10:36] {dino} sm s cde .50

[10:38] {nemo} o.k....who killed the market?

[10:38] {Threei} HIG

[10:38] {Threei} watching for bounce

[10:39] {Threei} Long Setup: HIG .45 break

[10:40] {Threei} if stays above .35

[10:40] {ese} ok...that was good.....made $2.00 practising my shorting...gild short at.20 cover at .10 100shs comm 4 in and out....this is good

[10:40] {nemo} thought you made 2.00/shr

[10:40] {ese} nope total

[10:41] {nemo} nice trade

[10:41] {ese} covered it at the exact botom too......eh eh eh eh!!!

[10:42] {larisa} I know a trader who was buying 1 share a trade for a year practising his system :)

[10:42] {nemo} what was her name?

[10:42] {ese} and?

[10:43] {larisa} I mean, keep it small while learning

[10:43] {ese} can he or she do it comforatbly

[10:44] {larisa} full time trader now, but I know for a fact he did trade 1 share for long time :)

[10:44] {ese} would work for me.......

[10:45] {dino} stec hl l .50

[10:45] {dino} cde stopped -.26

[10:48] {magoo} .40bounce play PALM vad?

[10:49] {Threei} .40?

[10:49] {magoo} yea?

[10:49] {Threei} it's at .64

[10:49] {magoo} heading thee

[10:49] {magoo} there

[10:50] {ese} l stec .39

[10:50] {ese} i like the look of stec dino

[10:53] {Threei} hmmm

[10:53] {Threei} IN) Indian Trade Min: Sugar levels seen as adequate for Holiday season

[10:53] {Threei} that's what I call real health care by the government

[10:53] {ese} l stec again avg .42

[10:53] {Threei} (US) Sen Bachus: In revisions to Health-Care plan, seeking to lower penalization on Insurers excise taxes

[10:54] {nemo} and on family penalties for not having insurance, however, will maintain the same penalty for single people who are not insured

[10:56] {ese} dino you got a target for stec?

[10:58] {Threei} HIG no go

[11:00] {dino} stiuck right now, kick it es

[11:00] {ese} will....you got a target

[11:00] {ese} 15 min chart is awsome

[11:00] {dino} feels like .00

[11:01] {nemo} rimm vad...break .95/stop uner .85?

[11:01] {ese} me thinks that as well maybe more

[11:01] {Threei} looks right to me nemo

[11:02] {nemo} goo thing I'm sitting down

[11:02] {patience} i'm holding silver wheaton, goldcorp for day trades...just playing it against currency fluctuations..happy day so far

[11:02] {Threei} Long Setup: AIG 51 break

[11:03] {Threei} stop under .80

[11:03] {magoo} in

[11:03] {Threei} target is somewhere in stratosphere

[11:03] {dino} simon says "stand up" nemo

[11:04] {Threei} RIMM 1:1

[11:04] {nemo} 1/2 out

[11:04] {magoo} lets hope aig no rinse us...if does..lets try again vad

[11:05] {nemo} 1/4 more

[11:05] {fernp} hi, I'm back

[11:05] {fernp} in AIG

06[11:05] * magoo slaps fernp around a bit with a large trout

[11:06] {Threei} missed couple fern...

[11:06] {nemo} stop uner 84

[11:06] {fernp} what have i done?

[11:06] {nemo} "deservin' ain't got nothin' to do with it."

[11:06] {Threei} hehe

[11:07] {Threei} good old western

[11:07] {Threei} AIG 1:1

[11:07] {Threei} half out .25

[11:08] {Threei} offering: 1/4 at .45 and 1/4 at .70

[11:08] {nemo} last 1/4 rimm

[11:08] {Threei} stop under b/e of course

[11:08] {Threei} wtg nemo

[11:08] {Threei} played to perfection

[11:08] {Threei} no stress

[11:08] {Threei} low risk

[11:08] {nemo} broken clock

[11:08] {Threei} good partials

[11:09] {Threei} no...

[11:09] {Threei} you are getting it

[11:09] {fernp} ty Vad out. AIG .21 (and my fill was .88) :)

[11:09] {Threei} 1/4 more out AIG

[11:09] {dino} out arj +.25

[11:10] {Threei} trust me, I saw it what, zillion times now?

[11:10] {Threei} stress, nerves,

[11:10] {Threei} misunderstandings, mistakes,

[11:10] {Threei} some trades are gotten right

[11:10] {Threei} then those "right ones" become more common

[11:11] {Threei} stress level goes down,

[11:11] {Threei} confidence slowly shapes up

[11:11] {Threei} things click

[11:11] {Threei} when one nails such trades as RIMM in this manner

[11:11] {Threei} seeing setup, recognixzing it,

[11:11] {Threei} taking it wirth no hesitation,

[11:12] {Threei} managing trade as it goes

[11:12] {Threei} this is clean sign of "getting it"

[11:12] {dino} gj nemo

[11:12] {Threei} things become internalized

[11:12] {Threei} doesn't mean you are fully there yet, mind you,

[11:12] {Threei} but ask any successful trader,

[11:13] {Threei} and he will tell you that's exactly the process he went through

[11:13] {Threei} or she

[11:13] {Threei} sorry ladies

[11:14] {dino} syna hl l .75, stop .47

[11:14] {Threei} here is one simple thing to do

[11:14] {Threei} look at this trade you just didn,

[11:14] {Threei} and try to envision yourself as you were 1 year ago, 6 months ago, 3 months ago

[11:14] {nemo} yeah, scary

[11:15] {Threei} would you be able to find and execute it like this at any of those times?

[11:15] {nemo} no way

[11:15] {Threei} this is a good thing to do,

[11:15] {Threei} it shows you your progress

[11:15] {nemo} I didn't know what I didn't know

[11:15] {Threei} yeah... unknownunknowables

[11:16] {Threei} when you think of it like this

[11:16] {Threei} and get a chance to see the progress

[11:16] {Threei} it instills faith

[11:16] {Threei} and confidence

[11:16] {ese} one would think that stec should do something now.......rather don't you think....hip hiph what oh and aooll that dino

[11:16] {Threei} and you AIG, it's really time to go

[11:16] {Threei} to that thiord target

[11:17] {magoo} 52.37?

[11:17] {dino} lol

[11:17] {magoo} id like 53.23

[11:17] {dino} tear down .65

[11:17] {Threei} direct hit

[11:17] {Threei} my a$$ is out

[11:18] {Threei} there mags... I fulfill my promise

[11:18] {nemo} from yesterday?

[11:18] {Threei} when I see safe AIG trade I call it

[11:18] {magoo} im looking for more, alot more $$$$$$

[11:18] {Threei} that's your part

[11:18] {Threei} mine was to find a good entry and reasonable exits

[11:19] {magoo} yes sir...TY

[11:19] {Threei} you want more, you assume more risk

[11:19] {Threei} CYTK baby

[11:19] {Threei} 1:1

[11:19] {magoo} finally oyt CYTK..ty

[11:19] {dino} giddy-up

[11:19] {Threei} yup

[11:20] {Threei} uptrend resumption about which Bolsheviks talked for so long is here

[11:20] {dino} stec to .74

[11:20] {Threei} nevermind... paraphrasing famous quote from Lenin :)

[11:20] {Threei} Russians know

[11:20] {ese} my stentiments exactly dino

[11:21] {dino} :)

[11:21] {ese} like i said the 15 min chart was a thing of beauty

[11:22] {dino} to .79

[11:23] {dino} out .79, +.29

[11:23] {magoo} read HIG vad?

[11:24] {ese} out

[11:24] {ese} .75

[11:24] {Threei} it shook us out earlier

[11:25] {ese} +.33

[11:26] {Threei} what hig did now it ashould have dine on our .45 entry

[11:26] {Threei} there was absolutely no need to get rid of us

[11:26] {magoo} it was .53 when i asked

[11:27] {Threei} it's there again

[11:27] {magoo} i like palm

[11:27] {nemo} mary?

[11:27] {ese} high 5 dino

[11:28] {ese} tks

[11:29] {dino} glad to help

[11:29] {dino} going higher

[11:29] {nemo} rimm forming a range again

[11:30] {ese} yup

[11:32] {magoo} [11:17] {magoo} 52.37?

[11:33] {Threei} [11:17] {Threei} of course

[11:33] {magoo} [11:18] {magoo} im looking for more, alot more $$$$$$

[11:34] {dino} wall at .10 stec

[11:34] {Threei} [11:18] {Threei} and you well should. Ask, and delivered shall it be

[11:34] {nemo} Thanks Yul

[11:34] {nemo} Hey, the linguist is back at Laser

[11:39] {Threei} CIT Hearing vague chatter of possible Govt funding for the company (1.73, +0.26, 17.69%)

[11:39] {Threei} crap... we really need our man in the bunker

[11:46] {magoo} im here

[11:52] {nemo} cat topping or ready to break?

[11:53] {Threei} anyone's guess

[11:57] {dino} rti

[12:00] {nemo} uaua hit the skids

[12:00] {Threei} CAT

[12:00] {Threei} starts looking like break

[12:00] {nemo} yeah

[12:04] {Threei} Market Internals update at 12:00pmET

[12:04] {Threei} - NYSE volume 470M shares, about even to its three-month average; advancers lead decliners by 2.1:1.

[12:04] {Threei} - NASDAQ volume 1.12B shares, about 12% above its three-month average; advancers lead decliners by 1.4:1.

[12:04] {Threei} - VIX index -3.3% to just under 23.50

[12:06] {nemo} scalpers regret

[12:08] {Threei} Joe Wilson fundrasing efforts gain him over 2 mil

[12:08] {Threei} hmm... I need to find high-ranked politician and call him a liar

[12:09] {dino} aipc

[12:09] {Threei} it's obviously quite profitable endeavor

[12:10] {Threei} nice steady move CAT

[12:10] {magoo} palm too

[12:12] {Threei} WFC

[12:13] {Threei} looks breaky, but let's try to catch slight pullback

[12:13] {Threei} support is .10

[12:13] {Threei} pullback as close to it as possible, first stgrength is a buy

[12:17] {dino} mrm sm s .85

[12:19] {magoo} palm launch

[12:20] {Threei} IMMU Hearing takeover chatter circulating

[12:20] {Threei} - GSK rumored as potential acquirer. (6.40, +0.14, 2.24%)

[12:20] {Threei} I think NVAX is next

[12:21] {Threei} AXL S&P revises outlook to Developing from Negative

[12:21] {Threei} - S&P has CCC+ rating on AXL. (7.73, +0.32, 4.32%)

[12:24] {dino} aipc strange

[12:27] {Threei} anyone got WFC, look to exit into spike above .30 if scalping

[12:27] {Threei} if want a bigger trade, levels to offer are .35 - .40, then above .50, then don't know

[12:29] {dino} lh

[12:34] {magoo} vad..look at laser message again

[12:34] {Threei} yes?

[12:34] {magoo} the drunken scramble

[12:35] {dino} lh

[12:35] {Threei} well... Trev is at work, so Dave has time to drink

[12:35] {dino} $4 straight up

[12:38] {Threei} WFC works like charm

[12:39] {lasertrev} yah, girly drinks with umbrellas

[12:40] {Threei} lol

[12:40] {nemo} Cosmopolitans

[12:40] {Threei} trev... tell me umbrellas are pink, and image will be complete

[12:40] {dptl} lol

[12:41] {lasertrev} pink fading to white

[12:41] {magoo} ooh..ooh..and the drinks are frozen?

[12:41] {Threei} mental note to my self: self, whatever you do, never ever meet dave with no wintnesses around

[12:41] {lasertrev} lol

[12:42] {nemo} mmmmhhhhh...hgsi coughing up a furball

[12:42] {Threei} lookie WFC

[12:43] {Threei} (US) Senator Dodd (D): Would like to see results on financial reforms from Senate Banking Committee before the end of 2009, but process could last longer (related XLF )

[12:43] {nemo} senator from CT, near NY....jerking this around...no surprise

[12:43] {Threei} how priorities change eh

[12:44] {Threei} just a few months ago financial reform was all they talked about,

[12:44] {nemo} he needs to get reelected next year

[12:44] {Threei} and sense of urency was beyond belief,

[12:44] {Threei} and I'd say, rightly so.

[12:44] {Threei} Now it's barely registering on a radar

[12:44] {Threei} health care, climate change

[12:44] {Threei} whatnot

[12:44] {nemo} oy weh

[12:46] {Threei} if you are decidely moving into jewish way to express amuzement and unhapiness with the world created faster than tailor creates trousers, it's Oy yey

[12:46] {Threei} wey

[12:46] {nemo} I spell it the German way

[12:46] {dino} they should be worrying about jobs. w/o a job how can you make people buy health ins.?

[12:47] {nemo} besides Yiddish spells in Hebrew and I have no idea how to do that

[12:47] {nemo} weh=pain in German, nicht wahr Herrn K?

[12:47] {Threei} they tried to worry about jobs dino... but then they found out the only thing they could do about those is worry

[12:48] {nemo} nah...they're worried about there jobs...imagine if they had to get public health insurance

[12:49] {dino} all these new taxes he's proposing, w/unemployment about 15% (they don't count the people that benefits expired on)

[12:49] {nemo} Rimm dallying around yesterday's close with a little air under it...worth watching for a bounce or short?

[12:49] {Threei} at the risk of becoming overabundant,... guess who is on TV

[12:49] {nemo} ahhhhh....Barney

[12:50] {nemo} errrrrr....Hillary

[12:50] {nemo} ummmmmm....BIll O'Reilly

[12:50] {Threei} anyone objects if I kick nemo out?

[12:50] {dino} he should just get a cable show

[12:50] {dino} aipc hl l .03 stop .74

[12:50] {Threei} nemo... democracy may save you now {G}

[12:50] {nemo} me?

[12:51] {nemo} nah...tyranny of the majority

[12:51] {nemo} I'm toast

[12:51] {Threei} looks like... no one even tries

[12:51] {dino} lol

[12:51] {nemo} been there before

06[12:52] * Threei slowly puts the boot on the right foot

[12:52] {larisa} he stays..

[12:52] {Threei} 12:28 Preview: Treasury's $43B 2-year note auction results due just after 1PM ET

[12:52] {Threei} - $1B increase from the August auction to another record

[12:52] {Threei} - prior bid to cover ratio 2.68

[12:52] {nemo} Had a run in with 6 individuals about 15 years ago...bunch of other people stood around. After it's over one of the bystanders said, I would have helped you but I have to work tomorrow...

[12:53] {Threei} larisa... you of all people is the kindest one on this board?

[12:53] {larisa} nemo always says hi to me first, he stays :)

[12:53] {nemo} aig drop

[12:53] {larisa} one day he will even learn my name :)

[12:53] {Threei} oh well

[12:53] {nemo} ty lari

[12:53] {nemo} larisa

[12:53] {nemo} :)

[12:53] {larisa} lol

[12:53] {Threei} fun is canceled for today

[12:54] {Threei} that reminds me, nemo... 'I wish I could help but I don't want to"

[12:54] {nemo} hehehe...wouldn't expect it

[12:56] {nemo} volume still nominal except in DOW...low

[13:01] {Threei} TREASURY'S $43B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 3.23 V 2.68 PRIOR AND 2.65 AVE OVER LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 45.2% of competitive bids

[13:02] {Threei} - notes draw 1.034% with 27.2% alotted at th

[13:04] {Threei} 59% Say Americans Angrier Now Than Under Bush

[13:06] {dino} lot of people suffering

[13:07] {dino} he's not concentrating on the problem

[13:07] {nemo} amed dino

[13:08] {dino} ugh

[13:08] {nemo} that bad, huh?

[13:08] {nemo} came off that nice wedge this morning

[13:08] {Threei} GM Reportedly adding a third shift at three assembly plants located in the US; recalling of 2,400 employees (related F.IT F TM HMC )

[13:09] {dino} missed it

[13:09] {Threei} Japan Airlines Corp. Airline considering trimming routes; with a 60% reduction in international flights - Nikkei news

[13:09] {Threei} yikes

[13:10] {dino} mrm to b/e

[13:11] {dino} aipc to .39

[13:12] {dino} out aipc slipped, ave .36, +.33

[13:13] {nemo} kewl

[13:13] {larisa} whats with the market

[13:13] {Threei} LPHI Hearing Citron Research making cautious comments (timing uncertain) (15.69, -0.63, -3.86%)

[13:13] {nemo} yeah big drop quick

[13:14] {Threei} don't see any news for this drop

[13:15] {dino} 19-16 3 days

[13:27] {dino} stec pullback

[13:28] {dino} amn drop thin

[13:28] {nemo} everything has pulled back

[13:28] {dino} clw lod thin

[13:28] {nemo} actually, MS is strong

[13:29] {nemo} MS breaking out

[13:30] {nemo} well...maybe

[13:31] {Threei} have a look at daily ABK

[13:32] {nemo} geez

[13:32] {nemo} triple top

[13:33] {Threei} or...?

[13:33] {nemo} breakout? what?

[13:33] {dino} qsii

[13:33] {nemo} blow off top

[13:33] {Threei} C&H?

[13:33] {nemo} o.k. silly me

[13:34] {nemo} that's a fast move to the top of the handle though

[13:34] {Threei} from the first half of May

[13:34] {Threei} a bit, yeah

[13:34] {Threei} volume is right

[13:34] {Threei} I just wish it came into 2 in a more normal fashion

[13:35] {nemo} financial stocks aren't normal

[13:35] {Threei} INTC CEO: Going after smartphone market - CNBC (19.63, +0.09, 0.46%) (related AAPL GOOG )

[13:35] {Threei} wow

[13:35] {nemo} have too...growth market unlike pc's

[13:36] {nemo} aig Vad

[13:37] {nemo} might get C&H here

[13:37] {nemo} or reverse H&S if you prefer

[13:44] {nemo} break of .80 aig?

[13:44] {nemo} guess that's a yes

[13:44] {Threei} nah

[13:45] {Threei} not here nor there

[13:45] {dino} cov mrm .68, +.17

[13:45] {Threei} no setup

[13:45] {dino} opps.74

[13:45] {nemo} not the right side of a reverse H&S you can play to 51.20?

[13:45] {dino} slippage

[13:46] {Threei} pure market following, IMO

[13:46] {nemo} o.k.

[13:48] {nemo} dndn, break of .34?

[13:48] {nemo} or is that pmf

[13:48] {Threei} pmf?

[13:49] {nemo} Pure Market Following

[13:49] {Threei} jeez

[13:49] {nemo} Oh no! I've got pmf!

[13:49] {Threei} it's a valid setup

[13:49] {nemo} aig

[13:52] {dino} thats ok, magoo has tb

[13:52] {dino} two bellies

[13:52] {nemo} huh?

[13:52] {dino} pmf

[13:52] {nemo} hehehehehehe\

06[13:53] * magoo slaps nemo around a bit with a large trout

[13:54] {nemo} what I do?

[13:55] {dino} i make the snowballs, you throw them

[13:55] {nemo} remember popping out from behind a snowbank, throwing a snowball and then realizing it was a police car...not good

[13:56] {dptl} got to go......have a good rest of the day all.....see ya tomorrow

[13:56] {Threei} take care dp

[14:02] {dino} cya

[14:03] {Threei} ABK, this pullback probably validates break setup in combionation with daily

[14:03] {Threei} Long Setup: ABK 2 break if stays above .90

[14:03] {nemo} hgsi

[14:31] {fernp} .

[14:31] {Threei} good point

[14:31] {nemo} ?

[14:31] {nemo} we in anything vad?

[14:31] {nemo} :)

[14:31] {Threei} sigh

[14:31] {nemo} aw c'mon

[14:32] {Threei} I presonally am in the middle of observing the slow motion of the cogs of the Universe

[14:32] {nemo} big volume spike on cat

[14:37] {nemo} 2nd big volume spike

[14:43] {dino} mos hl l .70

[14:44] {Threei} let's modify ABK - IF you are in the mood for aggressive entry

[14:44] {Threei} .95 break

[14:44] {nemo} stop under .90 for scalp .85 for day trade?

[14:46] {Threei} yup

[14:49] {Threei} but remember that our primary interest was triggered by daily chart

[14:49] {Threei} so it's possible swing trade

[14:50] {nemo} volume not diong much though

[14:50] {nemo} guess those volume spikes on cat were significant

[14:50] {nemo} break of .10?

[14:51] {Threei} can't tell

[14:51] {nemo} aig coughing up the fur ball now

[14:55] {nemo} rimm headed for hod

[14:57] {nemo} agco ino

[14:57] {nemo} dino

[14:59] {dino} watching it, wanted .25

[15:02] {Threei} wow

[15:02] {Threei} AIG barfs in a fishbowl

[15:02] {nemo} coughs up fur ball

[15:02] {nemo} don't be barfing in my home

[15:02] {Threei} if I thought so that what I would say

[15:03] {Threei} US) Reportedly Fed has begun talks with certain bond dealers to begin draining liquidity via reverse repos - unconfirmed report

[15:03] {Threei} - no intent to withdraw funds soon

[15:03] {Threei} hmm

[15:03] {Threei} is it exit strategy being prepared?

[15:03] {nemo} g20 meeting

[15:03] {nemo} "strong dollar" talk

[15:05] {nemo} if aig doesn't bounce of the close, it's a long way down

[15:05] {nemo} my quotes are freezing

[15:05] {Threei} shortable btw

[15:05] {nemo} yeah, whish I had done ti @ 51.20

[15:08] {nemo} wow,, took abk with it

[15:09] {larisa} what kind of pace is that :)

[15:09] {Threei} insanely crazy one?

[15:09] {nemo} incredible

[15:09] {Threei} then again, there is not much sane about AIG to begin with

[15:10] {larisa} lets catch a bounce :)

[15:10] {Threei} bounce time

[15:10] {Threei} .60 break

[15:10] {Threei} invalidated

[15:10] {Threei} waiting

[15:11] {Threei} wait

[15:11] {Threei} news

[15:11] {larisa} 50 cents in a blink both ways. selloff is scary

[15:11] {Threei} AIG Hearing late afternoon weakness being attributed to secondary rumors circulating (46.56, -1.84, -3.80%)

[15:11] {Threei} bs

[15:11] {Threei} it's a buy very soon

[15:11] {dino} they've been circulating all day

[15:13] {nemo} maybe aig is having an Oct. 87 flashback

[15:13] {Threei} lol

[15:13] {nemo} this might be it

[15:13] {Threei} took .45

[15:14] {nemo} sheesh

[15:15] {nemo} you still in vad?

[15:15] {Threei} out half +.80

[15:16] {Threei} stop to be

[15:16] {dino} nice

[15:16] {dino} i can't play that thing

[15:16] {larisa} double bottom attempt, this is too funny :)

[15:16] {larisa} me too dino

[15:16] {Threei} too bad

[15:16] {Threei} had a good chance for couple bucks rn

[15:16] {Threei} oh well

[15:17] {nemo} it's like watching a bad car accident

[15:17] {Threei} .41 - .74

[15:17] {dino} more power to you 3i, my mind gets wrecked on that

[15:17] {Threei} fast and furious

[15:18] {Threei} aww, too soon

[15:19] {larisa} 45 is much rounder number. I bet it will get thee

[15:19] {nemo} o.k. mags....come clean

[15:20] {dino} i'll be there in 6 months

[15:22] {Raven} -

[15:22] {Threei} (CA) Canada PM Harper: There is a "drift towards protectionism" in the world right now - CNBC (related USD/CAD EWC )

[15:22] {Threei} uhhu

[15:22] {nemo} brilliant fellow

[15:23] {nemo} oh oh

[15:24] {larisa} stocks like AIG should be prohibited, they take your focus away

[15:24] {Threei} - rumor appears to be have been generated by a Jim Cramer article this afternoon speculating that the "cash-strapped" firm could do a "gigantic secondary."

[15:24] {nemo} didn't they do one when they did the reverse split?

[15:25] {dino} out syna all day for +.15

[15:25] {Threei} did they?

[15:25] {Threei} I don't remember

[15:26] {nemo} I thought they did...could have been C I'm thinking of

[15:26] {nemo} another leg down?

[15:28] {Threei} .50 break...

[15:28] {Threei} scary

[15:28] {nemo} knock yourself out

[15:28] {larisa} "AIG is a victim of the parasites on wallstreet". funny

[15:28] {nemo} Rimm might be looking short

[15:29] {dino} mos to .80

[15:30] {dino} out +.10

[15:33] {Threei} BAC CEO Lewis may resign if charged by the SEC - CNBC's GAsparino (17.61, +0.36, 2.09%)

[15:34] {dino} should have been fired

[15:36] {Threei} rumor is beibng denied

[15:36] {Threei} AIG Hearing chatter circulating that the company would not be allowed to conduct a secondary due to agreement with US Govt (47.31, -1.09, -2.25%)

[15:37] {nemo} of course, the gov't could change their mind-in all their collective wisdom

[15:38] {dino} they always deny before they do it....think back, we don't need to raise capital

[15:38] {Threei} yeah

[15:39] {nemo} Oh good....I thought I was being pathologically cynical

[15:39] {Threei} anyway, that was another +.70

[15:39] {nemo} full lot, or half?

[15:39] {Threei} half

[15:39] {nemo} where's Magoo in all this excitement?

[15:40] {Threei} - Note: in August, the new CEO Benmosche said AIG could eventually do a secondary offering or issuance of convertible debt to raise capital AFTER it gets out from under govt ownership

[15:40] {dino} ewz

[15:40] {nemo} and, they're talking about restructuring the agreement lately

[15:40] {Threei} what don't you like z dino?

[15:40] {dino} brazil fund

[15:40] {Threei} why

[15:41] {Threei} ok... never mind

[15:41] {nemo} just spiked

[15:41] {Threei} lame attemot at humor

[15:41] {nemo} very

[15:41] {dino} ahhh

[15:41] {nemo} and spelling

[15:41] {dino} why would fund spike

[15:41] {nemo} yeah, although tbt spikes on some news

[15:42] {Threei} (BR) Moody's upgrades Brazil's sovereign ratings to Baa3 from Ba1; outlook Positive

[15:42] {Threei} - Moody's has upgraded Brazil's foreign- and local-currency government bond ratings.

[15:42] {Threei} ...more... (related EWZ USD/BRL EEM )

[15:42] {dino} ty

[15:51] {Threei} AIG is a box with surprises

[15:51] {dino} agco hits .26

[15:51] {Threei} will deliver a lot of those down the road, both directijons

[15:52] {dino} the widow maker

[15:52] {Threei} total

[15:52] {Threei} not discriminating between longs and shorts either

[15:53] {dino} gun to the head type

[15:53] {nemo} mao!

[15:53] {Threei} surprise of the day: CHIP

[15:53] {Threei} didn't die

[15:53] {Threei} maybe has more in it... gotta watch it

[15:53] {fernp} have a good evening everybody. see u all tomorrow

[15:54] {Threei} take care fern

[15:55] {Threei} UAUA United Airlines reportedly furloughs 290 more pilots, effective immediately (9.05, -0.35, -3.72%)

[15:56] {Threei} furloughs?

[15:56] {dino} sounds nicer than fires

[15:56] {larisa} otpusk

[15:56] {Threei} yeah

[15:56] {Threei} just was wondering about fancy language

[15:58] {Threei} okay guys, good day

[15:58] {Threei} thank you all

[15:58] {nemo} gnite

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {larisa} bye

[15:59] {Threei} oh,

[15:59] {Threei} and in case you wondered

[15:59] {Threei} China's Hu: want to have positive ties with US

[15:59] {lasertrev} see ya

Sep 21 2009

Freeport, Bahamas conference - January 2010

Vad's sessions - 2 days, including live trading

Not bad start for the week. Scalps outweghed stops, and couple bigger plays on momentum movers made it a firmly winning day. BCRX gave very nice bounce play, CYTK and AIG provided momentum, and usual suspects (LVS, HIG etc) provided scalps and stops.

Session Time: Mon Sep 21 00:00:00 2009

[07:56] {magoo} morning

[07:57] {Threei} 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza

[07:57] {Threei}

[07:57] {Threei} went over 11 earlier

[07:57] {Threei} pulled back

[07:57] {Threei} and good morning

[07:58] {magoo} over 11 ? quite pullbk

[07:58] {Threei} yeah, topped around 11.40

[07:59] {magoo} holy cow, i guess should try it here

[07:59] {Threei} strange, opullback all the way into Fri close

[07:59] {magoo} yes, nice see u early:)

[07:59] {magoo} volume ?

[08:00] {magoo} in 9.99

[08:02] {magoo} ah, bids coming in

[08:02] {Threei} CUR Receives FDA Approval to Commence First ALS Stem Cell Trial (1.87, 0.00, 0.00%)

[08:05] {magoo} u interested in CUR?

[08:06] {Threei} approval to start trial... shrug

[08:06] {magoo} u intersted in BCRX?

[08:06] {Threei} what kind of question is that

[08:07] {Threei} BCRX is a proven mover

[08:07] {magoo} oy...soooorrrryyyy

[08:07] {magoo} number 1 in volume on naz currently BCRX'

[08:12] {magoo} upgrade for GE this morn..could move .50-.75 cents

[08:12] {magoo} big share play

[08:13] {Threei} dunno... target raised from 17 to 18

[08:13] {Threei} and no reaction anyway

[08:13] {magoo} i played it thurs, it was fairly safe

[08:13] {Threei} it may move if market does, but if market fizzles out that upgrade won't help it

[08:15] {magoo} thats why i ask for yuor opinion...ty

[08:15] {magoo} i feel like loading the boat on BCRX here

[08:15] {magoo} try catch a point or 2

[08:17] {Threei} the depth of this pullback and stubbeorness of the seller bothers me

[08:17] {Threei} someone wants out badly

[08:17] {Threei} and uses this news to get out

[08:17] {Threei} have a look at VVUS too btw

[08:18] {Threei} getting nice buying and good size bids

[08:19] {magoo} news?

[08:19] {Threei} no

[08:24] {Threei} ONXX

[08:24] {Threei} Onyx Pharmaceuticals Inc Pre-market strength being attributed to positive comments from CNBC Medical Analyst Mike Huckman

[08:24] {Threei} - Mike Huckman via Twitter comments on positive statements made by analysts at CanacordAdams regarding breast cancer study results that were released

[08:24] {nemo} CNBC analyst ?!!!!

[08:30] {Threei} GLW Corning Inc And Geron Corp Showcase New Synthetic Surface Matrices To Enhance Stem Cell Growth (15.27, 0.00, 0.00%)

[08:31] {Threei} let's see what happens with this .40 offer

[08:32] {nemo} you talkin bcrx?

[08:32] {Threei} CPST Receives Order for Two C800 Microturbines for CHP in Colombian Office Building (1.40, 0.00, 0.00%)

[08:32] {Threei} yes

[08:45] {Threei} that's very strange behavior on BCRX part

[08:46] {Threei} you partialed any mags?

[08:46] {magoo} yea..nothings easy

[08:47] {Threei} someone wants out badly

[08:50] {ese} morning

[08:51] {Threei} ese :)

[08:51] {nemo} ese

[08:51] {ese} morning gents

[08:51] {ese} whats new and exciting

[08:52] {Threei} ummm

[08:52] {Threei} speaking of stocks, we wonder what's wrong with BCRX going negatiove on 77M contract

[08:52] {Threei} speaking of broader world, some new photos at http://www.realitytrader.com/photography/

[08:54] {Threei} GERN nice daily and little news

[08:55] {fernp} good morning everybody

[08:55] {Threei} but the way bios act, I'll stay away for now

[08:55] {Threei} fern :)

[08:56] {nemo} maybe people realized they were buying on a cnbc analyst comment

[08:56] {Threei} ?

[08:56] {Threei} buying what?

[08:56] {nemo} bcrx

[08:56] {nemo} nevermind onyxx

[08:57] {Threei} [07:57] {Alert} Threei 07:30 BCRX Awarded Additional $77.2M by the U.S. Department of Health & Human Services To Develop Peramivir for Influenza

[08:57] {Threei} wake up

[08:57] {dino} gm all

[08:57] {Threei} dino :)

[08:59] {nemo} $ up pretty strong this morning

06[09:01] * nemo slaps lasertrev around a bit with a large "good morning"

[09:01] {lasertrev} good morning all

[09:01] {magoo} morn :)

[09:01] {Threei} trev :)

[09:01] {lasertrev} ouch, slap right away

[09:01] {nemo} if you call a "good morning" a slap...

[09:02] {Threei} that's pretty much what goes for real greeting with some... gnawing at someone's throat is their equivalent to a smile... etc

[09:03] {Threei} CHIP Granted Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus (1.15, 0.00, 0.00%)

[09:03] {lasertrev} lol

[09:03] {nemo} huh?

[09:03] {nemo} I think you erroneously ascribe nefarious intent

[09:04] {nemo} hi lari...

[09:04] {larisa} gm :)

[09:04] {Threei} as long as nemo and nefarious are in one sentence, there is no room for "erroneous" in the same sentence anymore...

[09:04] {magoo} i think trev gonna realize soon that this room just ain"t quite right

[09:04] {Threei} larisa :)

[09:05] {nemo} touche

[09:05] {nemo} that's sticking your chin out

[09:05] {lasertrev} its not the room

[09:05] {nemo} ooohhhhh lasertrev...nice one

[09:13] {Threei} CHIP more or less reacts

[09:18] {cosmo} nktr

[09:19] {Threei} 6:01:57 AM

[09:19] {Threei} Nektar Therapeutics Signs co-development agreement with AstraZeneca for NKTR-118 and NKTR-119 for treating opioid-induced constipation

[09:19] {cosmo} gee....finally

[09:20] {Threei} rofl

[09:20] {nemo} it's really tough on people 1) who are in chronic pain, and 2) people in end-stage cancer treatment where pain is extreme

[09:26] {Threei} ABAT Announces New Order Contracts for Wuxi ZhongQiang (4.22, 0.00, 0.00%)

[09:26] {ese} sounds like there is alot of competition already for that type of product.....my says that there are lots of products doing the same thing

[09:26] {ese} my wife

[09:27] {Threei} - Wholly-owned subsidiary, Wuxi ZhongQiang has signed two contracts to provide electric vehicles to international customers in Indonesia and Denmark. One order is for 12,000 electric bikes with an aggregate value of $2.3 million. The second order is for 2,000 electric scooters with an aggregate value of $1.1 million.

[09:27] {Threei} - Delivery on both orders is expected to occur within one month.

[09:27] {dptl} good morning all

[09:27] {Threei} dp :)

[09:29] {Threei} dollar strength weighs on stocks

[09:31] {Threei} I swear BCRX is a short on this news, lol

[09:32] {Threei} watching NTAP for pullback

[09:34] {Threei} Long Setup: NTAP .75 break

[09:34] {Threei} if stays above .65

[09:36] {Threei} CHIP... sheesh

[09:37] {ese} bstop arna .00

[09:38] {ese} l arna .04

[09:40] {ese} out arna .22 +.18

[09:40] {magoo} AIG nuts

[09:40] {Threei} Preview: August Leading Indicators due out at 10amET

[09:40] {Threei} **consensus expectation: 0.7%e v 0.6% prior (range of analyst estimates from 0.0% to 1.0%)

[09:40] {ese} your basic $1000 right off the bat

[09:41] {ese} that stock is crazy

[09:41] {dino} spxu

[09:41] {dino} no

[09:44] {ese} vad could you give an opinon on a pullback for arna

[09:45] {Threei} no read here... tough one

[09:45] {ese} tks

[09:45] {nemo} lvs mgm vertical

[09:45] {ese} was thinkin .10 area

[09:46] {Threei} HIG

[09:46] {Threei} pullback under .80 for long entry

[09:46] {Threei} NTAP no worky

[09:50] {Threei} HIG touched under .80 so briefly, no chance for confident entry

[09:50] {Threei} and now starts looking rather like breakout

[09:51] {Threei} for crazy ones, look to take AIG closer to 41

[09:54] {Threei} LVS

[09:54] {Threei} .85 long if holding .75

[09:56] {Threei} HIG finally worthy pullback

[09:57] {Threei} .70 long if holding .60

[09:58] {fernp} ty

[09:58] {Threei} HIG 1;1

[09:59] {Threei} LVS 1:1

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

[10:00] {Threei} Short Setup: CAT 52 breakdown half lot

[10:01] {Threei} if stays under .20

[10:01] {Threei} invalidated

[10:01] {ese} l arna .13 risky

[10:01] {ese} market going against me

[10:02] {Threei} AIG lost whatever left of its mind

[10:03] {ese} gonna go long arna again at .20

[10:06] {dino} cedc gap fill

[10:07] {Threei} CHIP just goes

[10:08] {ese} ouuu almost stopped arna .99

[10:16] {nemo} aig pullback

[10:17] {fernp} VM daily interesting. Maybe 5 or 5.10 break

[10:20] {Threei} American International Group, Inc UPDATE: AIG trading up 12%

[10:20] {Threei} - earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration. Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm.

[10:20] {nemo} reducing the government stake at a loss...of course

[10:20] {fernp} HIG .70 break?

[10:21] {Threei} ummm... yes

[10:21] {Threei} lol

[10:21] {nemo} nice call vad

[10:21] {fernp} virtual 1:1 here :)

[10:22] {dino} kbr l .16 stop .96\

[10:22] {magoo} news POT vad?

[10:23] {Threei} couple upgrades

[10:23] {Threei} one downgrade

[10:23] {Threei} nothing significant

[10:23] {nemo} lvs break of .70

[10:23] {nemo} ?

[10:24] {Threei} worth a try

[10:24] {Threei} stop is fairly tight

[10:24] {Threei} and market gains strength

[10:25] {dino} agco l .50, stop lod

[10:25] {Threei} bcrx

[10:26] {Threei} 9.80 short trigger... was hesitant on that

[10:26] {Threei} too bad

[10:28] {Threei} LVS 1:1

[10:28] {nemo} out lvs .80

[10:28] {nemo} ty

[10:29] {nemo} volume not endearing

[10:30] {Threei} Long Setup: JNPR .90 break if holding above .80

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 265M shares, about even to its three-month average; decliners lead advancers by 4.9:1.

[10:32] {Threei} - NASDAQ volume 530M shares, about even to its three-month average; decliners lead advancers by 1.8:1.

[10:32] {Threei} - VIX index +5% to just over 25.00

[10:33] {Threei} KONG?

[10:33] {Threei} no news tat I see

[10:37] {Threei} CVM Hearing today's strength being attributed to margin calls (1.95, +0.34, 21.12%)

[10:37] {Threei} hmm?

[10:37] {Threei} does it have high shirt interest?

[10:37] {Threei} short too

[10:38] {Threei} 2.29 %

[10:38] {Threei} shrug

[10:40] {Threei} Americans Now View Congress As Least Respected Job

[10:40] {Threei} let's see if congressmen agree and quit

[10:41] {Threei} Fed's Bernanke scheduled to speak before the US House of Financial services Oct 1

[10:46] {Threei} I start watching HIG for the upper envelope,

[10:46] {Threei} want short

[10:47] {Threei} so far:

[10:47] {Threei} resistanbce is .70,

[10:47] {Threei} .55 is short trigger,

[10:47] {Threei} if market drops sharply I'd grab it aggressively

[10:48] {Threei} break over .70 invalidates the setup but it will remain on watch

[10:51] {fernp} TY Vad out .99 JNPR

[10:51] {Threei} :)

[10:52] {Threei} one last bounce please HIG

[10:52] {Threei} then break down and die

[10:55] {nemo} I'm in but that hmmper scares me

[10:56] {Threei} who?

[10:56] {nemo} hig

[10:59] {nemo} out

[11:00] {fernp} stopped HIG

[11:02] {Threei} Long Setup: BCRX 9.50

[11:03] {Threei} stop under .40 for scalpers, under .35 for day traders

[11:04] {Threei} NY Fed: Purchased $4.05B in $300B outright coupons purchase; Dealers submitted $15.3B for consideration (bid to cover 3.78)

[11:04] {magoo} in

[11:07] {Threei} 1:1 for scalpers

[11:07] {fernp} out TY

[11:07] {Threei} 1:1 for daytraders

[11:18] {nemo} LVS long, break of .85?

[11:19] {nemo} if holding .75

[11:24] {Threei} chart wise yes

[11:24] {Threei} market support is the problem

[11:25] {Threei} moves so slowly, I can't get a feel for whether we are headed for anoter break or reversal

[11:26] {dino} tighten agco to .70 kbr to .37

[11:27] {Threei} Hearing Credit Suisse making mildly positive comments on education names, expects a "relief rally" (timing uncertain)

[11:27] {Threei} - Notes that a GAO report on for profit schools may not have been as negative as previously expected

[11:27] {Threei} Related (APOL COCO CECO ESI EDMC )

[11:27] {Threei} AGEN Expands QS-21 license agreeme

[11:28] {Threei} - signed an amended and restated license agreement for the use of the QS-21 adjuvant in a vaccine under development by JANSSEN Alzheimer Immunotherapy, a company which has acquired substantially all of the assets and rights of Elan related to its Alzheimers Immunotherapy Program (AIP).

[11:29] {dino} agco out .74 +.24

[11:30] {dino} out kbr .37, +.21

[11:33] {nemo} $ been dropping, market been coming back

[11:38] {Threei} let's close our eyes, buy 10K of CHIP, put it for sale at 12 and go away

[11:38] {magoo} in

[11:38] {magoo} lol

[11:38] {Threei} oops

[11:38] {Threei} :)

[11:39] {Threei} seriously, look at this POS

[11:43] {magoo} seems like 4

[11:43] {dino} orex?

[11:45] {Threei} no news

[11:45] {dino} ty

[11:48] {dino} amn, amsc

[11:52] {dino} orex sm s .75

[11:54] {dino} gopd is coming on tv

[11:54] {dino} god

[11:54] {nemo} who?

[11:55] {dino} obama

[11:55] {nemo} I got it on "god"

[11:55] {dino} :)

[11:56] {Threei} 5 talk shows in one sunday - one can get a taste for that I guess

[12:00] {Threei} sorry dino, I know you already alerted but this is my traditional line and even at risk of being redundant I must say it:

[12:00] {Threei} guess who is on TV

[12:00] {dino} lol

[12:00] {Threei} SNY Receives new order for swine flu from the US GOvt (37.29, +0.53, 1.44%)

[12:01] {Threei} HNSN Strength attributed to a report that the company has been granted FDA approval for its next generation Robotic Cather System (4.33, +1.20, 38.34%)

[12:01] {dino} ouch

[12:01] {Threei} SNY Order for approx 75M doses

[12:03] {Threei} Robotic Cather System, called Sensei

[12:03] {Threei} - this was initally reported in a press release by the company on 9/15

[12:05] {Threei} HNSN pace pick up...

[12:06] {Threei} being designated as another momo candidate I guess... as CHIP becomes old

[12:07] {Threei} wow... EDGX bid is for real

[12:08] {Threei} I guess, .50 break long if holding .40

[12:08] {Threei} target, ummm... 5?

[12:13] {dino} orex bstyop to .52

[12:14] {nemo} maybe B on aig on that volume spike @ 12:08

[12:15] {nemo} double bottom, sorry

[12:20] {Threei} BCRX hit over 1:2 for day traders

[12:20] {Threei} mags... in case you are trying to squeeze something out of it... careful

[12:20] {dino} orex cov .52, +.23

[12:20] {Threei} swine flu contract news seem seriously diluted these days

[12:20] {magoo} im waiting .87, patialed

[12:21] {magoo} partialed, but have alot still

[12:21] {Threei} it was .89 earlier...

[12:21] {magoo} shit fill laser then

[12:21] {Threei} play it safe... half out, stop to b/e

[12:22] {Threei} whatever happens do NOT lose on this play

[12:23] {magoo} ok

[12:29] {magoo} out boss

[12:29] {Threei} good

[12:30] {Threei} you see this trading last days

[12:30] {Threei} it's like pulling teeth

[12:30] {Threei} each winning trade is being dragged out of market moth... kicking and screaming

[12:31] {Threei} we need pullback badly

[12:36] {nemo} aig woke up

[12:37] {Threei} this time it even has a reason

[12:37] {Threei} AIG GAO believes financial conditions at AIG have stabilized - NY Times (43.88, +3.97, 9.95%)

[12:38] {Threei} another ityem a bit earlier but caused no reaction:

[12:38] {Threei} American International Group, Inc Open to "contructive efforts" from former CEO Greenberg

[12:38] {Threei} - Reminder: Earlier this morning House Oversight Committee Chairman Edolphus Towns said a plan to restructure AIG's debt proposed by former AIG CEO Hank Greenberg should be given consideration.

[12:38] {Threei} - Greenberg's plan includes giving AIG more time to repay its loans, cutting the interest rate on the loans, and reducing the 80% govt stake in the firm. Towns said AIG should not be rushed to pay back the loans if the US can get a better return on its money.

[12:42] {nemo} news on ceph vad?

[12:43] {Threei} nothing fresh

[12:50] {dino} mtxx

[12:52] {nemo} how many times you been in and out of aig mags?

[12:52] {magoo} 4

[12:53] {magoo} in now trying for .95

[12:55] {magoo} out here

[12:55] {magoo} .56

[12:55] {magoo} 5k from .20

[12:55] {magoo} very risky

[12:55] {magoo} may reload

[12:56] {magoo} when im scared...u better be

[12:56] {nemo} I was tempted at the 43.50 break, but then it got to spread out

[12:57] {magoo} better to catch pullbk on it

[13:00] {magoo} wish vad would start reading AIG...somehow makes me feel more secxure

[13:00] {magoo} secure

[13:00] {nemo} freudian slip there mags

[13:01] {Threei} I give read on it when it forms safe enmough setup

[13:01] {magoo} yup

[13:01] {nemo} so...every blue moon or two

[13:01] {Threei} but no way to read it all the time

[13:01] {magoo} and then ill BE THERE ok:)

[13:01] {nemo} oh oh ELP flashbacks

[13:02] {dino} amsc

[13:02] {Threei} this MTXX spike... no even rumor for it

[13:12] {dino} amsc hl l .95

[13:18] {nemo} lvs break of .35?

[13:18] {patience} hey dino, you think we end up red today?

[13:18] {nemo} Well, that answers my question

[13:19] {Threei} I am not elighted nemo

[13:20] {nemo} just a scalp...there it is

[13:23] {magoo} AIG 45 trigger lomg

[13:23] {magoo} then w/stop of .90

[13:25] {magoo} risk is beyond belief

[13:25] {dino} amn sm l .55 ave, wide

[13:29] {magoo} in

[13:29] {magoo} im looking for 47 area

[13:30] {nemo} 47.00 or 45.47?

[13:33] {magoo} by end of day...i truly believe it prints 47 dollars..but hehg...thats nota trade call....

[13:33] {magoo} i in tho

[13:33] {magoo} 7 th time

[13:34] {magoo} 45.40 should get us near 46...breathes hard

[13:34] {magoo} like it tho

[13:37] {magoo} big wall there at .50

[13:38] {Threei} should take it like there is nothing

[13:38] {Threei} there

[13:45] {nemo} in cat .26

[13:46] {nemo} out .36

[13:56] {magoo} A I GAY

[13:56] {nemo} janitor....

[13:57] {Threei} CYTK Hearing Wedbush makes positive comments (timing uncertain) (3.99, -0.01, -0.25%)

[13:59] {Threei} BAC Reportedly US House Panel has declared BAC did not meet deadline to hand over information on Merrill Lynch deal (17.29, -0.34, -1.93%)

[13:59] {Threei} what are they going to do abut it?

[13:59] {nemo} ask for campaign contributions

[14:00] {nemo} tough crowd...:(

[14:01] {Threei} we just don't see the humor in it... normal reaction

[14:01] {Threei} of course contributions

[14:01] {nemo} I like the Fed telling Treasury to go to hell

[14:02] {Threei} 46 on the nose

[14:03] {magoo} out

[14:03] {magoo} .90

[14:03] {nemo} somebody slap that boy

[14:04] {magoo} in

[14:05] {magoo} stopped'

[14:05] {nemo} support was @ .60

[14:06] {nemo} scalpers regret on cat

[14:09] {Threei} CYTK...

[14:09] {Threei} becomes interesting

[14:09] {Threei} not often big name like Wedbush pays attention to $4 stock

[14:10] {dino} scor

[14:15] {Threei} how about that CYTK

[14:16] {Threei} - Webush says CYTK's skeletal muscle program could be worth $13/share and its heart failure program is worth $5/share.

[14:17] {nemo} is this another "close your eyes and buy 10k shares?" :)

[14:17] {Threei} pretty much

[14:17] {magoo} in

[14:17] {magoo} not

[14:17] {nemo} I was just gonna' ask mags...

[14:18] {nemo} Think Webush is selling into this..

[14:18] {nemo} bcrx coming into lod

[14:19] {magoo} BCRX was such disappointmt

[14:19] {magoo} 11.40 pre mkt io believe

[14:20] {Threei} if CYTK can retake 4.80, should spike to 5 and probably over

[14:24] {Threei} new high

[14:24] {Threei} 5 on horizon

[14:34] {magoo} .

[14:35] {Threei} lol

[14:35] {Threei} someone at Laser should stop drinking that early in the day

[14:35] {Threei} 14:34:48 MD1 --} (All): !!!!!!!! !!!!!!

[14:35] {nemo} Magooo...new part-time job?

[14:36] {Threei} same setup shapes up again

[14:36] {Threei} .80 break

[14:37] {Threei} NTGR Judge reportedly throws out a patent lawsuit by LG Fujitsu and Phillips (19.26, +0.44, 2.34%)

[14:37] {nemo} ntgr

[14:38] {nemo} sorry

[14:38] {Threei} magoo's 47 is coming on AIG it seems

[14:39] {magoo} more

[14:39] {magoo} but hard breather

[14:40] {Threei} tell me about it... I can't talk to it without covering face with towel

[14:42] {Threei} PALM Jim Cramer makes positive comments on PALM; AMT (14.53, +0.52, 3.71%) (related AMT )

[14:44] {Threei} PAL, cramerization in progress

[14:45] {Threei} PALM that was

[14:46] {magoo} 47

[14:46] {nemo} 47

[14:46] {Threei} 47?

[14:46] {dptl} have a good evening all

[14:46] {Threei} take care dp, but before you leave,

[14:46] {Threei} you see 47, right?

[14:47] {dptl} where? what?

[14:47] {Threei} lol

[14:47] {Threei} never mind

[14:47] {dptl} :)

[14:47] {Threei} see you tomorrow :)

[14:47] {Threei} beautiful read mags

[14:50] {magoo} been kickin it too:)

[14:50] {Threei} violence works

[14:56] {Threei} CHIP... eod run or fizzle

[15:01] {dino} fizzle

[15:02] {magoo} the snizzle fizzle is the drizzel (snoop dog)

[15:03] {magoo} 48

[15:04] {Threei} that's abourt it for today for AIG, IMO

[15:04] {magoo} goober.com has upgraded target AIG today to 55

[15:04] {dino} ggc

[15:07] {ese} Hi everyone........just thought that i would pop in after my staff meeting

06[15:07] * magoo slaps ese around a bit with a large trout

[15:07] {Threei} missed a few nice ones ese

[15:08] {Threei} and spectacular call by magoo on AIG

[15:09] {ese} so i'm i'm out of arna with that second trade before i left at .27 +.14 on6k and i just got out of dndn from last friday in at .50 and out at .03 +.53....so i'll se you all tomorrow

[15:09] {Threei} okay... rub our noses in it

[15:09] {Threei} and run away

[15:09] {Threei} ok CYTK

[15:09] {ese} vad this ha been a very good day.......i'm loving you right now

[15:10] {Threei} wanna break 5 now?

[15:12] {Threei} who took .80 break on CYTK, if you don't scalp then sure take hlf off near 5

[15:12] {Threei} half that was

[15:12] {Threei} PALM... holy cramer

[15:13] {nemo} holy and cramer in the same sentence....nahhhhh

[15:13] {Threei} how is cramer worse than let's sat mackerel?

[15:14] {nemo} it's the use of the two words...he's the investing anti-christ (with full realization that the word "investing" should not be used here

[15:14] {nemo} )

[15:19] {Threei} 5 break would be just perfect now

[15:19] {Threei} beautiful chart

[15:20] {Threei} explosive

[15:20] {magoo} AIG feels like just getting started

[15:21] {magoo} palm bounce vad?

[15:22] {nemo} cytk froze

[15:22] {Threei} need much deeper pullback

[15:23] {magoo} BAC

[15:23] {magoo} VOLUME

[15:23] {Threei} BAC Close to deal that may end loss sharing agreement - WSJ cites sources (17.37, -0.26, -1.47%)

[15:24] {nemo} that volume spike on cytk, was that the blow off?

[15:24] {Threei} not much of a price spike for that

[15:26] {Threei} - struck a deal with the govt in January that gave it loss protection on $118B of Merrill assets, but BoA said it wanted to exit the deal in May.

[15:27] {Threei} hmmm

[15:27] {Threei} so how is it good for BAC?

[15:29] {nemo} stopped cytk

[15:29] {Threei} hmm?

[15:29] {nemo} on break of 5 I entered

[15:29] {Threei} wow

[15:29] {dino} wondering the same

[15:29] {Threei} call was 4.80

[15:29] {Threei} 5 break for continuation

[15:29] {Threei} not for new entry

[15:29] {nemo} I misinterpreted

[15:29] {Threei} so it was either scalp into 6,

[15:29] {nemo} [15:19] {&Threei} 5 break would be just perfect now

[15:29] {nemo} [15:19] {&Threei} beautiful chart

[15:29] {nemo} [15:20] {&Threei} explosive

[15:29] {Threei} or half out and trail

[15:30] {Threei} so second half would be stopped b/e

[15:30] {Threei} [14:36] {Threei} same setup shapes up again

[15:30] {Threei} [14:36] {Threei} .80 break

[15:30] {magoo} first call was a beauty on it vad

[15:30] {magoo} second too btw

[15:31] {nemo} as I said, misinterpreted your prose

[15:31] {Threei} running comments

[15:31] {Threei} Market Internals update at 3:30pmET

[15:31] {Threei} - NYSE volume 850M shares, about even to its three-month average; decliners lead advancers by 1.9:1.

[15:31] {Threei} - NASDAQ volume 2.01B shares, about 10% above its three-month average; decliners lead advancers by 1.1:1.

[15:31] {Threei} - VIX index +-0.75% to just under 24.00

[15:32] {Threei} so, after huge volume on Fri with practically no price advance, which usually rweads as distribution

[15:32] {Threei} today we get volume dropoff, with slightly negative price

[15:32] {nemo} rally continues tomorrow

[15:32] {Threei} I don't know how to connect these two

[15:33] {Threei} they asre contradictionary

[15:33] {magoo} dip buyers were impressive

[15:36] {magoo} bulls need a strong close here

[15:38] {nemo} does op ex on Friday kinda' nullify things?

[15:39] {nemo} I think it was quadruple witching hour, no?

[15:40] {dino} today, just reaction to the strike pushes from last week, imo

[15:40] {dino} bigger issue may be end of 3rd quarter.

[15:41] {dino} rino\

[15:45] {magoo} any read PALM vad?

[15:45] {Threei} no... short after Craner effect wears out

[15:46] {Threei} AZN MedImmune Receives U.S. Government Order for Additional 29 Million Doses of Nasal Spray Vaccine for 2009 H1N1 Influenza (45.39, +0.19, 0.42%)

[15:46] {Threei} VIVUS, Inc Reiterates on track for New Drug Application (NDA) for Qnexa for weight loss by December - UBS conf presentation

[15:46] {Threei} - CFO: recent data make us very comfortable that the drug is doing exactly what we want.

[15:50] {Threei} DSTI Executes Letter of Intent With EPOD Solar, Inc. and Enters Into Bridge Financing Agreement (0.84, +0.23, 37.16%)

[15:51] {Threei} things to watch tomorrow:

[15:51] {Threei} CYTK, CHIP, VVUS,

[15:51] {Threei} AIG of course...

[15:51] {Threei} PALM

[15:56] {Threei} CHIP... if we got quick drop to 2.50 or under, I'd even take it overnight

[15:58] {fernp} good evening everybody. see you tomorrow

[15:58] {Threei} take care fern

[15:58] {Threei} CYTK finishes fairly strong

[15:59] {Threei} okay guys, thank you all

[15:59] {Threei} have a good evening'

[15:59] {Threei} see you tomorrow

[15:59] {larisa} bye :)

[16:00] {Threei} one more to watch tomorrow

[16:00] {Threei} BIOS