Nov 12 2009

Nice active day with quite a few calls and good percentage of winning (6 out of 8 or something like that) Major hero of the day was RIMM, quite nicely obeying on both long and short side. Other than that AMD and AIG (both on short side) added a bit to profits.

Session Time: Thu Nov 12 00:00:00 2009

[08:16] {BillyD} GM all

[08:17] {nemo} BD :)

[08:17] {Threei} BLTXX Baltic Dry Bulk Index 5.5% (11th straight gain)

[08:18] {Threei} Good morning

[08:18] {Threei} (US) Preview: Initial Jobless Claims and Continuing Claims due out at 8:30amET

[08:18] {Threei} - Expectations for initial claims are 510K v prior release of 512K (range seen from 495K to 525K) - Continuing claims seen at 5.700M v prior 5.749M (range seen from 5.675M to 5.788M) ***Note: The last reading of initial cliams below 500K was back Jan 2nd 2009

[08:19] {Threei} can yuou believe losing half million jobs every week became kind of norm?

[08:19] {strider} Morning vad. What does the BLTXX tell us?

[08:20] {nemo} yeah...that's why I just want to smack the _____! when they say the trend is down. That's 20 million jobs this year

[08:20] {Threei} this is Baltic Dry Shipping index strider

[08:20] {Threei} DRYS, EGLE are dry shippers for instance

[08:20] {Threei} sometimes they react on this data

[08:21] {strider} k. thanks.

[08:21] {Threei} and overall, shipping trends reflect to a certain degree what's happening with global economy

[08:21] {Threei} as in, if we go down in flames we are not very likely to ship much to each other

[08:23] {nemo} frickin' aig

[08:23] {Threei} (US) Fed's Plosser: Excess reserves can have inflationary effect if they flow into economy too quickly, Strong global economy and weaker US economy means USD will depreciate

[08:23] {Threei} - Need to be aware of Gold, other asset prices and fx levels. - No firm decisions have been made on which exit tools to use and in what order. - Mush easier politically for Fed to begin selling treasuries than MBS - Idea of Fed issuing its own bill is "not good strategy" is not aware of any plans to do so

[08:24] {strider} Barrick shuts hedge book as world gold supply runs out

[08:24] {strider} Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold.

[08:25] {Threei} who needs it anyway

[08:29] {Raven} Dentists

[08:29] {Threei} USSR is no more R...

[08:29] {nemo} nah, they use that bonding stuff now Raven

[08:29] {Raven} I just had a gold one installed

[08:29] {Threei} US) INITIAL JOBLESS CLAIMS: 502K V 510KE;

[08:30] {Threei} CONTINUING CLAIMS: 5.631M V 5.700ME

[08:30] {nemo} and you probably fly 1st class too

[08:30] {Raven} I hate flying except on my own wings

[08:30] {nemo} touche

[08:32] {Raven} gold teeth are a tip for the undertaker ...

[08:32] {nemo} love it

[08:32] {Raven} sigh

[08:33] {nemo} wait a minute!

[08:33] {nemo} you've got a beak!

[08:33] {Raven} remain calm

[08:33] {nemo} I'm sorry, obfuscation and prevarication do that to me

[08:34] {Raven} pills prolly available

[08:37] {nemo} so Bloomber Headline "Initial jobless claims in US fall more than estimated to a 10-month low" sheesh

[08:37] {Threei} I guess formally it's true

[08:38] {nemo} yeah, back to the blue pill or the red pill

[08:40] {nemo} hah...another Bloomberg...Foreclosure filings surpass 300k for the 8th consecutive month

[08:40] {Threei} so they have optimist and pessimist on hand

[08:40] {nemo} fair and balanced

[08:40] {Threei} and they write headlines

[08:41] {Threei} reality in nothing, spin is everything

[08:41] {Threei} in = is

[08:41] {nemo} yes comrade

[08:42] {Les} bonjour M & M's

[08:42] {Threei} morning Les

[08:42] {nemo} afternoon les

[08:42] {Threei} do elaborate who of us you labeled as M and who - M

[08:42] {Les} madames et messieurs

[08:42] {nemo} Metro

[08:43] {Les} COMS gonna give us a play today Vad?

[08:43] {Les} or is the HP deal done signed and delivered

[08:44] {Threei} buyout usually nails the price down

[08:44] {Threei} unless there is a concern about it being rejected

[08:44] {Threei} on company of anti-trust commettee

[08:44] {Threei} umm

[08:44] {Threei} let me try again

[08:45] {nemo} don't hurt yourself

[08:45] {Threei} on company or anti-trust committee level

[08:45] {Threei} still wrong but understandable

[08:45] {Threei} lol

[08:46] {Les} ok. seems there was a loser in this deal. BRCD. let's see how the market takes to them today.

[08:46] {Threei} yeah, they were one of candidates

[08:48] {Les} following another traders comments on AIG yesterday

[08:48] {Les} http://ibankcoin.com/chart_addict/2009/11/12/the-good-and-the-bad-volume-follow-through-happy-b-day-ibc/

[08:48] {Les} so descending wedge is enough to send AIG ballistic like that?

[08:48] {Les} is that normal for AIG?

[08:49] {nemo} yep

[08:49] {Threei} there is not much normal as far as AIG is concerned

[08:49] {Threei} AIG and normal do not exchange postcards on Christmas

[08:49] {nemo} it was off it's meds yesterday

[08:49] {nemo} its

[08:51] {Threei} I showed this pattern on AIG last week

[08:51] {Threei} problem with it is, there is no way to tell when it explodes like this

[08:51] {Threei} there is no trigger for the spike

[08:52] {Threei} and it forms like 3-5 of such vedges before one of them works

[08:52] {Threei} it could be second one or 6th

[08:52] {Threei} good luck quesssing

[08:52] {Threei} guessing too

[08:52] {Les} ok. so you can make full time career just watching AIG

[08:52] {Threei} if you find an idiot who will pay you for watching, sure

[08:53] {Les} :D

[08:53] {Les} what is on your list today?

[08:53] {Threei} usual suspects

[08:54] {Les} that title sounds familiar...

[08:54] {Les} great movie

[08:54] {Threei} which reminds me... it's been on my lost to watch again for a while

[08:55] {Threei} list

[08:55] {fernp} Good morning everybody

[08:55] {Threei} fern :)

[08:55] {Les} hola

[08:56] {fernp} buenos dias Les

[08:56] {ese} good morning

[08:57] {Threei} ese :)

[08:57] {Les} morn ese

[08:57] {ese} vad les

[08:59] {Threei} wow

[08:59] {Threei} INTC Halted: news pending (19.84, 0.00, 0.00%) (related AMD DELL )

[08:59] {Threei} SMD explosion

[09:00] {Threei} AMD sorry

[09:00] {Threei} INTC Settles all outstanding legal disputes wiht AMDl wil pay $1.25B (19.84, 0.00, 0.00%) (related AMD )

[09:00] {Threei} weird

[09:00] {Threei} why halt INTC and not AMD for this

[09:01] {Threei} announced a comprehensive agreement to end all outstanding legal disputes between the companies, including antitrust litigation and patent cross license disputes. - agreement ends the legal disputes and enables the companies to focus all of our efforts on product innovation and development. - , AMD and Intel obtain patent rights from a new 5-year cross license agreement, Intel and AMD will give up any claims of breach from the previous license agreement, and Intel will pay AMD $1.25 billion. Intel has also agreed to abide by a set of business practice provisions. As a result, AMD will drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan. AMD will also withdraw all of its regulatory complaints worldwide. The agreement will be made public in filings with the Securities and Exchange Commission.

[09:07] {ese} thats a reall good question

[09:08] {ese} short first then go long vad AMD

[09:09] {Threei} dunno... tocc a coin whether it retreats or breaks

[09:09] {Threei} very persistent buying

[09:09] {Threei} tocc= toss

[09:11] {Threei} volume will be enormous in AMD today

[09:11] {Threei} like half of NYSE, lol

[09:12] {Threei} and it looks more and more like break

[09:12] {larisa} gm :)

[09:12] {Threei} larisa :)

[09:12] {larisa} vad :)

[09:12] {lasertrev} morning

[09:13] {Threei} trev :)

[09:15] {Threei} here comes break

[09:16] {nemo} Trev dcc

[09:16] {Threei} and another

[09:16] {Threei} even if unsuccessful in terms of big run, new highs are enough to shake out premature shorts

[09:16] {Threei} which is to confirm one more time: do not ashort hot runner

[09:17] {magoo} morning

[09:17] {Threei} as if yet another confirmation was needed

[09:17] {Threei} morning mags

[09:17] {Threei} {AMD} let me reiterate: do NOT short hot runner

[09:18] {bkhmd} good morning all

[09:18] {Threei} bk :)

[09:18] {ese} bk

[09:18] {Les} afternoon bk

[09:19] {dino} gm all

[09:19] {bkhmd} les where are u sir

[09:19] {Threei} dino :)

[09:19] {bkhmd} must be across the pond

[09:19] {Les} land of chocolate and cheese

[09:20] {Threei} yeah, we have a few of those defending the old continent against us barbarians

[09:20] {bkhmd} lol

[09:20] {Les} Barbarians being Canadians or Ukrainians?

[09:20] {Threei} both actually

[09:20] {Threei} lol

[09:20] {dino} cheese, one of my favorite things

[09:20] {Les} :)

[09:22] {Les} useless fact: "Swiss" cheese with holes in it is from small German speaking town in Central Swiss - Emmentaler

[09:22] {Les} many, many cheeses to be found in situ...

[09:23] {larisa} why do we talk about cheese if we can talk chocolate?? :)

[09:23] {Threei} lol

[09:24] {Les} there is special chocolate train just up the road from my place. takes you to Nestle factory

[09:24] {Les} I see what you mean about Fed policy affecting others...

[09:25] {Les} World banks prop up dollar. Central banks say they've been snapping up dollars this week in an effort to stem its slide and hold down the value of their currencies. While Geithner continues to pay lip service to maintaining a strong dollar, Washington has yet to take any concrete steps to stop the bleeding, which is beneficial to U.S. exports and tourism.

[09:25] {Threei} AMD volume is likely to be overwhelming at the open

[09:25] {ese} lots of Ukranian jokes use to fly around Saskatchewan..."did you hear the one about the ukranian who spent 4 days in sears looking for wheels for a mis carriage?

[09:25] {Threei} lol

[09:25] {ese} thought that manual labour was the president of Mexico

[09:25] {Les} haha

[09:26] {ese} put iodine on his paycheck because he got a cut in pay

[09:26] {Threei} it's like elephant in the room Les... you may hate the proximity but can you ignore it for too long?

[09:26] {ese} took a roll of toilet paper to a crap game

[09:27] {ese} and so on and so on.......good times....my best friend was ukranian as a kid

[09:27] {Threei} rofl

[09:27] {Threei} then he ceased to be ukrainian?

[09:29] {Les} so you looking for setup in RIMM Vad?

[09:29] {ese} we played in the Regina Police Boys Band together

[09:30] {nemo} you mean musical instruments ese?

[09:30] {Threei} market is open in case you haven;t noticed

[09:30] {ese} ha ha ....yes

[09:30] {nemo} watchin rimm

[09:30] {Les} sorry, not RIMM, AMD..

[09:30] {Threei} yes

[09:30] {dino} brcd

[09:31] {Threei} BRCD is hurt by COMS buyout

[09:32] {dino} hurt pretty bad

[09:32] {Threei} Short Setup: RIMM .60 break half lot

[09:32] {Threei} stop above .80

[09:32] {nemo} quotes frozen again

[09:33] {larisa} fine here

[09:33] {Threei} RIMM 1:1

[09:33] {nemo} must be my system

[09:33] {dino} cedc

[09:33] {Threei} covered .35

[09:33] {BillyD} good one, missed it

[09:34] {magoo} missed

[09:34] {fernp} missed RIMM my level2 was frozen

[09:34] {tomg} ty vad

[09:34] {Threei} :)

[09:34] {nemo} yeah, that's what happened to me fern

[09:34] {Les} nice work. my colour recognition failed there. Was looking to buy until you said stop above .80

[09:34] {Threei} hmmm

[09:34] {Threei} word short didn't clue you in?

[09:35] {Les} no coffee excuse, had plenty of that today...

[09:35] {Les} my bad

[09:36] {Les} so receding volume in AMD suggests healthy consolidation?

[09:36] {Threei} so far looks this way

[09:37] {Threei} Long Setup: AMD .65 if stays above .50

[09:38] {Threei} available for shot btw

[09:38] {nemo} break's .50 looking short

[09:38] {Threei} .50 break can be a short trigger

[09:39] {fernp} with stop above .65?

[09:39] {Threei} formally yes

[09:39] {dino} ttek

[09:39] {Threei} I'd prefer .60...

[09:39] {Threei} OK here it goes

[09:40] {fernp} covered .40 ty

[09:40] {Threei} :)

[09:40] {Threei} whoa

[09:40] {Threei} OPTR

[09:40] {Threei} what the deuce

[09:41] {dino} stewie

[09:41] {fernp} m: Optimer Pharm upgraded to Outperform from Perform at Oppenheimer

[09:42] {Threei} OPTR UPDATE: Oppenheimer Raised OPTR to Outperform from Market Perform, price target: $16

[09:42] {Threei} AIG Reportedly considering drawing from a Fed credit line to repay some commercial paper

[09:42] {Threei} - notes $5.8B in commercial paper that is due in Jan (37.11, +0.36, 0.98%)

[09:42] {fernp} can I short again AMD li loses .40?

[09:43] {fernp} if

[09:43] {Threei} if holding under .50

[09:43] {Threei} JDSU???

[09:43] {Threei} got cramerized yesterday

[09:43] {Threei} guess who is on TV

[09:44] {fernp} then I wont short

[09:44] {bkhmd} Melissa Lee?

[09:44] {bkhmd} lol

[09:44] {bkhmd} my favorire

[09:44] {Threei} you wish

[09:45] {Threei} RIMM formed .40 - .60 range

[09:45] {Threei} looks to me like upside break is more likely

[09:46] {Les} would it qualify as an inverse H&S?

[09:48] {Threei} 1:1

[09:48] {BillyD} so was that RIMM mention an official call

[09:48] {BillyD} I wasn't sure

[09:48] {Les} ah you were playing it?

[09:48] {Threei} gosh

[09:49] {Threei} explain to me someone why does it matter?

[09:49] {Threei} I show you formation, you like it - you take it

[09:49] {Threei} you don't - you skip

[09:49] {larisa} cause i have alert on official ones :)

[09:49] {BillyD} fair enough

[09:50] {Threei} on inverse H&S:

[09:51] {Threei} formally yes but valid patterns like this usually shgould be formed over longer time than just a few bars

[09:51] {dino} cedc hl l .00

[09:51] {Threei} I wouldn't put too muct faith in 5-10 min formation when we are talking about such multicomponent one as H&S

[09:51] {Threei} or C&H

[09:51] {Threei} simple range forming, sure

[09:51] {Les} ok

[09:52] {fernp} CBST breakout on daily

[09:52] {Threei} CBST Hearing takeover chatter circulating

[09:52] {Threei} - NVS rumored as potential acquirer (17.63, +0.19, 1.09%) (related NVS )

[09:52] {fernp} tks

[09:52] {Threei} they just find stoxcks near highs and start rumors

[09:53] {BillyD} lol

[09:53] {Threei} so they have additional benefits of scanners going off all the world

[09:54] {dino} ttek hl l .00

[09:54] {Les} JDSU consolidating

[09:54] {Threei} that rumor bunker under the Gossip plaza in the Hearsay city works like charm

[09:55] {dino} i believe it's gotham city

[09:55] {dino} w/joker in charge

[09:56] {Threei} DRYS is worming its way up

[09:56] {Threei} MSFT 52 week high

[09:57] {fernp} INTC on highs

[09:57] {Threei} and BIOS, 75 cents up from swing trade alert

[09:57] {strider} dino where do you see a stop o CEDC?

[09:58] {dino} .73

[09:58] {dino} .83 for ttek

[09:59] {strider} thx

[09:59] {fernp} Vad, I know a guy who bought your BIOS call at 8.0

[09:59] {Threei} hmmm... is he in hiding?

[09:59] {dino} cedc issuing stock to buy russian vodka producer, or somethin like that

[10:00] {BillyD} he reads the trade logs

[10:00] {dino} then he bought day late, lol

[10:00] {fernp} no, he is buying INTC breakout now

[10:00] {BillyD} lol

[10:00] {Threei} actually, maybe not

[10:01] {Threei} BIOS sat around break level for couple days after I talked about it

[10:02] {ese} have you looked at GMCR dino

[10:04] {dino} all morning

[10:04] {dino} 10:04 drop makes me pause

[10:04] {ese} well alrighty then.....watch ya thinkin

[10:06] {dino} thinking zip down again is buy small size

[10:07] {dino} don't want to buy middle of range

[10:07] {ese} L gmcr.68 sm

[10:07] {bkhmd} drys wants to bounce if we get some help from market

[10:07] {dino} cedc stopped -27

[10:09] {dino} will retry lower

[10:11] {Threei} time to start looking for shorts IMO

[10:11] {Threei} this RIMM bounce

[10:11] {nemo} cat too

[10:11] {Threei} Short Setup: RIMM .35

[10:11] {Threei} if stays below .50

[10:12] {ese} out gmcr .92 +.24

[10:12] {dino} gj

[10:12] {ese} tks.......wasn't sure there for a bit....almost got stopped

[10:12] {Threei} it's aggressive entry on RIMM

[10:13] {Threei} actual break is .20, want to cover half there

[10:13] {bkhmd} too late to get in?

[10:13] {Threei} why

[10:14] {dino} mkt drop, ttek to flat

[10:14] {Threei} it's right there

[10:14] {bkhmd} in

[10:15] {dino} ttek flat out

[10:16] {BillyD} out RIMM +.14

[10:16] {BillyD} ty

[10:17] {Threei} 1:1, half out

[10:17] {ese} l gmcr sm .37

[10:17] {Threei} welcome sir

[10:17] {dino} dxd l .70

[10:17] {Les} ty vad

[10:17] {Threei} bidding 1/4 more .10

[10:17] {Threei} {--- getting greedy

[10:17] {Threei} welcome les

[10:18] {Threei} stop to above .40 btw

[10:18] {BillyD} good read on RIMM, it looked to bounce to me

[10:19] {Threei} stop to above .35

[10:20] {tomg} out .14, ty vad

[10:20] {Threei} :)

[10:21] {Threei} canceling .10

[10:21] {Threei} if it breaks, should be able to get a bit better price

[10:21] {Threei} will try to cover 1/4 into fast dive

[10:22] {fernp} great play vad. I had to cover with +.05 due to my qutes. But great play

[10:22] {Threei} ty

[10:22] {Threei} hey, and with offical alert

06[10:23] * Threei is squinting at larisa

[10:23] {Threei} ALTU Shares halted; news pending (0.07, -0.03, -33.80%

[10:23] {ese} out gmcr .59 +.21

[10:24] {larisa} my favorie kind of call, official and matching my system :)

[10:24] {Threei} cool :)

[10:24] {dino} dxd stop to .59 can't make sense of mkt

[10:24] {BillyD} official alert helps me in that if not watching the stock mentioned, I don't have a feel for it and can follow you blindly:)

[10:24] {Threei} hehe

[10:25] {ese} L egle .55 L exm .75

[10:25] {Threei} oh come, don't shake out second half

[10:26] {dino} out dxd .68-.02

[10:26] {Threei} whatever

[10:26] {Threei} scalpers win

[10:26] {BillyD} you still had 1/2 win :)

06[10:26] * Threei is squinting at fern

[10:27] {fernp} i took +.05 Not happy :(

[10:28] {BillyD} better than -.05 :)

[10:28] {fernp} a lot of problems today with quotes

[10:28] {Threei} copme on... quotes problem is quotes problem

[10:28] {Threei} it's RIMM

[10:28] {Threei} it will chew you up and spit you out if you are not quick as hell

[10:29] {Threei} speaking of quotes.. dino, mags, did cable guy help?

[10:29] {fernp} that's the reason why i covered

[10:29] {Threei} right... so don't be upset

[10:30] {Threei} one has to work within one's limitations

[10:30] {Threei} look at me for instance... too stupid to understand financial statement, so I day trade

[10:30] {fernp} right. no problem

[10:31] {fernp} lol

[10:32] {dino} yes for me definitely, but i think magoo is having issues

[10:32] {dino} rinse r roni morning so far

[10:32] {dino} feels like last friday, scalps

[10:32] {tomg} amd vad?

[10:33] {Threei} kind of flattened out...

[10:33] {Threei} can't give preference to any side on it

[10:33] {dino} ttek l .00

[10:33] {tomg} k

[10:33] {fernp} Vad, let dino and mags alone, they're watching porn with their new super-fast-cable connection

[10:34] {Threei} right... what was I thinking

[10:34] {nemo} HD porn

[10:34] {Threei} no, I was not thinking that

[10:35] {bkhmd} its ur story Vad stick to it

[10:35] {bkhmd} lol

[10:35] {Threei} lol

[10:35] {dino} larisa, i don't get any respect

[10:35] {nemo} sticky?

[10:35] {BillyD} dino, it's the association label

[10:36] {larisa} lol

[10:36] {Threei} lol

[10:36] {dino} cedc hl l .72

[10:36] {dino} lol

[10:36] {strider} vampires get no respect.

[10:36] {BillyD} hope magoo is offline ...hehe

[10:36] {nemo} his feelings are hurt :(

[10:36] {dino} brcd nice rang .11-.23

[10:37] {Threei} magoo has feelings?

[10:37] {Threei} aside from those for cable guy

[10:38] {dino} tangent again huh

[10:38] {ese} I hate that....you know your right and your just about to pull the trigger and it shoots up .30 cents......daaaaaaaa!! gmcr

[10:38] {nemo} wow...vad

[10:38] {nemo} going short ese :)

[10:38] {Threei} ?

[10:38] {ese} long

[10:39] {nemo} I know

[10:39] {nemo} cmon' I'm staying in character....sheesh

[10:39] {Threei} what wow?

[10:39] {ese} check it out now dino

[10:40] {dino} gmcr, yeah, i don't understand it

[10:40] {Les} double top spy?

[10:40] {dino} better worlds imo

[10:41] {nemo} you want help getting there Dino?

[10:41] {dino} i may already be there nemo

[10:41] {ese} up a buck from where i just missed it......shoulda coulda woulda i guess....reflexes not fast enough

[10:41] {nemo} not if you're in the same world as me, dude.

[10:42] {ese} how do you mean nemo

[10:43] {BillyD} JDSU interesting as it relates to daily

[10:43] {Threei} not really les

[10:43] {Les} RIMM is jammed between 50 & 20 ma on 15min. lets see which way it goes

[10:43] {nemo} hah...double nought spy

[10:44] {nemo} PUKE!!

[10:44] {Les} what?

[10:44] {nemo} Vad's new window saying

[10:44] {dino} ttek stop is .67 fwiw

[10:44] {Les} do I need to buy crystal ball?

[10:45] {dino} just use a coin les

[10:45] {ese} whaaaaaaaaa......embrace the clairvoyance......huhhhhhhh

[10:45] {dino} and keep your stop

[10:45] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 11:00amET

[10:45] {Threei} **consensus expectations:

[10:45] {Threei} Crude: +900Me

[10:45] {Threei} Gasoline: -300Ke

[10:45] {Threei} Distillate: -600Ke

[10:45] {Les} I already use a coin dino...

[10:46] {dino} me too.

[10:47] {ese} am lovin egle and exm

[10:48] {ese} veeeee aire sitting own 10 k etch........

[10:49] {dino} brcd l .25

[10:49] {BillyD} Vad, BCRX .10 area again seems to have been the ticket

[10:49] {Threei} INTC FTC comments on recent settlement with AMD; is conducting an independent investigation of INTC

[10:50] {dino} but of course, the govt will decide if allowed to make $

[10:50] {Threei} well, benefit of hindsight sure helps with clairvoyance, doesn't it {G}

[10:50] {BillyD} it's safer

[10:51] {ese} well.........the more i think about it the more i think we are using clairvoyance....because we certainly AIN'T deelin in reality here!

[10:51] {Threei} why not?

[10:51] {dino} ttek stopped -.33\

[10:52] {Threei} we are eschewing anything but price action

[10:52] {Les} BID any good for a bid Vad?

[10:52] {Threei} which is ultimate reality

[10:52] {ese} eschewing....not sure I know the meaning of that word as it pertains to us

[10:53] {_esteban} hi everybody

[10:53] {Threei} I've no idea but it sounds too tasty for me to skip

[10:53] {Threei} hi esteban

[10:53] {Les} afternoon esteban

[10:53] {ese} esty.......

[10:54] {ese} the trumpet player in my high school r&b band is esteban

[10:54] {ese} we call him esty for short

[10:54] {_esteban} jaja

[10:55] {tomg} 'avoid' maybe better word for eschew?

[10:55] {ese} ahhhhh

[10:56] {Les} INTC turning red

[10:56] {tomg} there goes rimm

[10:57] {Threei} no tom

[10:57] {Threei} avoid is plain vanilla

[10:58] {ese} my dry bulk shipping index i totally green except for egle dn .02.......

[10:58] {ese} is

[10:58] {Threei} whole three weird words in a single setnence is what attracted me :)

[10:58] {tomg} i was just thinking, avoid like the plague, or avoid evil

[10:58] {nemo} embrace evil

[10:59] {tomg} eschew aig :)

[10:59] {Threei} and deliver me from GOOG

[10:59] {nemo} well...if the setup sucks...yeah

[10:59] {tomg} :) good one

[11:00] {Threei} *DOE CRUDE: +1.7M V +900KE; GASOLINE: +2.6M V -300KE; DISTILLATE: +350K V -600KE; CAPACITY UTILIZATION: 79.9% V 80.6%E

[11:01] {nemo} think I'll wait until tomorrow to fill up

[11:05] {Les} magoo been banned?

[11:05] {Threei} no single stop today yet, right?

[11:05] {dino} cf, esc getting interesting

[11:05] {Les} $ making a run for it.

[11:06] {dino} coordinated buy effort announced this a.m.

[11:07] {Threei} so, can we conclude that it's a very smart policy by powers that be

[11:08] {Threei} they haven't spent a single cent trying to support dollar, got all the benefits of aits weakness, and now got others to support it

[11:08] {dino} no they usually waste their money, but short term pop, day or two, imo, but currency markets are too big

[11:08] {tomg} rimm short ?

[11:08] {bkhmd} thinking same it didnt follow market down

[11:08] {dino} altho, we, the usa, should just say; "thank you suckers"

[11:08] {Threei} not sure tom

[11:09] {tomg} ty

[11:09] {Threei} ratjher yes than no, but not very clear,

[11:09] {Threei} and no clean entry point

[11:09] {tomg} just watching

[11:09] {nemo} grasp the clairvoyance vad....sheesh

[11:11] {Threei} I am not there yet nemo

[11:11] {Threei} for now I am stuck at eschewing the ambiguity stage

[11:11] {nemo} how long you gonna' be there?

[11:12] {Threei} don't know... it's a process

[11:12] {Threei} look at RIMM

[11:12] {Les} Vad, what you're refering to there is "beggar thy neighbour" politics, and we know where that lead us before...

[11:12] {nemo} how many years you been there?

[11:12] {Threei} bounce while market contin ues dropping

[11:12] {Threei} I don't like this dissonance

[11:13] {Threei} one important distinction Les: when the beggar has a nice arsenal and doesn't heistate to use it, it's not a beggar, it's robber :)

[11:13] {nemo} hehehehe

[11:13] {Les} lol

[11:14] {nemo} It's the PPT's HFT's algo guys

[11:14] {dino} right call it what it is

[11:15] {Threei} he is back:

[11:15] {Threei} . Boone Pickens: Predicts $100/bbl oil in 2010

[11:15] {Threei} - Back on 10/06 Pickens predicted crude would average over $80 in 2010

[11:16] {Threei} he already predicted that oil would never lose 120, then 100

[11:16] {dino} \don't care, glad he's back

[11:16] {nemo} phewwww...I thought you were talking about the savior

[11:16] {Threei} tom... aren't you glad I was against RIMM short

[11:17] {dino} he may be for me nemo, pickens plan

[11:17] {tomg} yep, just gonna say i'm glad i eschewed it

[11:17] {Threei} lol

[11:17] {bkhmd} eschewed new term? I missed it

[11:17] {bkhmd} lol

[11:17] {Threei} good job adopting the thesaurus

[11:17] {nemo} just put a pinch between your cheek and gums

[11:17] {Threei} look new room topic bkh

[11:18] {dino} gmcr

[11:18] {Threei} that first short we played on RIMM was clean setup

[11:18] {Threei} now it's muddy

[11:18] {dino} cf hl l .00

[11:19] {Threei} actually, I start looking at it as long

[11:19] {Threei} pullback to .20 would be my area of interest for entry

[11:20] {dino} ttek bottomed imo

[11:20] {dino} hl l .75

[11:20] {dino} last try

[11:22] {Threei} get ready on RIMM

[11:24] {dino} esc hl l ave .32

[11:26] {Threei} just a bit more RIMM please

[11:26] {bkhmd} wow vad u have power

[11:26] {Threei} ok

[11:26] {Threei} .20 cross back

[11:27] {Threei} stop under .10

[11:29] {BillyD} out RIMM ty...got in .16

[11:30] {Threei} 1:1

[11:31] {tomg} out .28, ty vad

[11:31] {Threei} US) Fed issues new bank overdraft rules, making it tougher for banks to charge for ATM and debt overdrafts

[11:31] {nemo} they probably go into effect in 2012

[11:31] {Threei} since when it's Feds business

[11:31] {BillyD} Those types of fees is where majority of banks profits come from

[11:32] {BillyD} My friend works for Harris Bank

[11:32] {dino} out cf flat

[11:33] {Threei} Priceline.Com Inc GARP Research reiterates Buy rating

[11:33] {Threei} - Firm believes PCLN could double earnings by 2012 and can continue to gain share both at home and abroad and have raised their 2012 EPS estimate to $15 from $11.

[11:33] {Threei} hmmm

[11:33] {Threei} aren't qwe all supposed to perish in 2012?

[11:33] {nemo} bingo

[11:33] {Threei} I gotta watch that movie...

[11:33] {nemo} I got people on the inside

[11:34] {Threei} judging from spoilers, the amount of destruction is exactly to my statisfaction

[11:34] {dino} pcln selling moon tickets for that

[11:34] {nemo} you mean trailers?

[11:34] {nemo} mmmhhh...diving contests on the moon...springboard competition

[11:35] {Threei} I mean, if there is Statue of Liberty falling down, White House imploding and giant wave sweeping NY, what would go to movie for?

[11:35] {nemo} popcorn?

[11:35] {Threei} if there is no all that stuff

[11:35] {Threei} ugh

[11:35] {Threei} hate even smell of the darn thing

[11:35] {dino} roflol

[11:36] {Les} who's calling end times in 2012?

[11:36] {Threei} one single reason I go to movies only when I absolutely have to

[11:36] {nemo} where you been Les?

[11:36] {Les} to the toilet

[11:36] {Les} :)

[11:36] {nemo} look at monsanto chart...could be helluva' short

[11:37] {dino} 2012 end of days, mayans i thinl

[11:37] {nemo} in .60

[11:37] {Threei} if you ever hear on TV or read in the paper about me going berserk and tearing someone's arms off before biting off his head - you know the victim was eating the popcorn within 1 yeard from me

[11:37] {dino} of course jim jones thought it was about 25 years earlier

[11:37] {BillyD} the world did end for him and others dino

[11:38] {BillyD} self fulfilling prophecy

[11:38] {tomg} vad, you and clair are 4 for 4 on rimm

[11:38] {dino} good point

[11:38] {Les} my old man was prattling on about end times in 2000

[11:38] {Threei} cool beans tom... 5 out of 5 today I think

[11:38] {Threei} or 6

[11:38] {Threei} depending on what to consider a call and what just nusings

[11:39] {tomg} i got the 4 rimm , ty:)

[11:39] {Threei} musings

[11:39] {dino} gj vad, i suck today

[11:39] {dino} gmcr ese thoughts

[11:39] {Threei} so, now you guys have two things to eschew:

[11:39] {Threei} ambiguity and eating popcorn too close to me

[11:40] {BillyD} ambiguity is safer...lol

[11:40] {Threei} but by all means feel free to embrace the clairvoyancy and good steak

[11:40] {_esteban} anyone who has view bastard without glory from tarantino?

[11:40] {dino} you canadians are so in touch w/your feelings

[11:40] {Threei} with steak mostly dino...

[11:41] {dino} making me hungry

[11:41] {Threei} it calls Inglorious Basterds here esteban

[11:41] {_esteban} ahh ok....its good?

[11:41] {ese} hey dino....sorry was on the phone to The Czeck republic.....it's looking like our band tour is going to be there next week

[11:41] {ese} sorry n o thoughts on gmcr

[11:41] {dino} cool

[11:42] {dino} no worries

[11:42] {Threei} I like everything by Tarantino... although this one is not at par with his work IMO

[11:42] {dino} esc stopped

[11:42] {Threei} ese, need an official photographer on a trip?

[11:42] {_esteban} no much blood ah?

[11:42] {Threei} always wanted to go to Prague

[11:43] {ese} just might.....but i will probably be asking you a few questions though if thats ok

[11:43] {larisa} I am going there next August :)

06[11:43] * Threei slaps larisa around a bit with a large bag of envy

[11:44] {larisa} If you mix clairvoyance, clairaudience and clairsentience, you can afford it too, vad :)

[11:44] {strider} long CENX .10

[11:44] {ese} are you serious Laris.......because we will be there probably sometime in those first 2 weeks of august

[11:44] {dino} shaw l .11

[11:44] {dino} hl

[11:44] {BillyD} you just knocked me over Larisa :)

[11:44] {larisa} end of august, sept for me, visiting several other contries before that

[11:45] {Les} Off to see Vadim Repin tonight. Gotta get dinner ready. night all.

[11:45] {ese} whaaaaa.....if we get there....you gotta come and see us

[11:45] {Threei} take care les

[11:45] {dino} cvs hl l .75

[11:45] {Threei} say elo to him

[11:45] {Threei} hello

[11:45] {ese} see ya les

[11:45] {bkhmd} later les

[11:46] {Threei} RIMM looked to me like short off .20, but then volume on this bounce ruined the play

[11:46] {Threei} not sure again

[11:46] {BillyD} CHLN maybe short off .50

[11:46] {BillyD} dicey volume though

[11:47] {dino} unf

[11:49] {Threei} it looks breakdownish...

[11:49] {Threei} but I really wanted aggressive entry on it

[11:49] {Threei} RIMM I mean

[11:49] {Threei} can't make up my mind guys, decide for yourself if you like 64 break for short

[11:50] {fernp} too fast

[11:50] {tomg} missed it, dang it

[11:51] {Threei} eschew the chasing

[11:51] {nemo} me too dagnabbit

[11:51] {Threei} sheesh, I am having almost as much fun with eschew as I had with magoo and cable guy

[11:51] {tomg} no chasing here, going to lunch, see ya later

[11:51] {Threei} take care tom

[11:52] {Threei} 1;1

[11:54] {BillyD} you have RIMM dialed in today

[11:54] {Threei} had to find the replacement for HIG, didn't I

[11:55] {Threei} HIG outlived its usefullness

[12:03] {Threei} Long Setup: RIMM .80 break

[12:03] {Threei} if stays above .65

[12:04] {Threei} let's push our luck with it until first stop

[12:06] {Threei} I have to say, I expected much more life in AMD today

[12:06] {Threei} both volume and range wise

[12:06] {Threei} we got just one play out of it

[12:07] {Threei} hey Al Gore on Larry King today, will be telling us hat time is running out on global warming

[12:08] {Threei} he has no thermometer outside his window I suppose

06[12:08] * Threei kicks RIMM in rear

[12:08] {dino} and we peaked 10 years ago

[12:08] {BillyD} well, he did invent the internet

[12:09] {Threei} ain't that the truth, even though inconvinient

06[12:09] * Threei kicks RIMM in rear with stee toe heavy duty army boots

[12:09] {dino} papers are finally printing the temps

[12:10] {bkhmd} use marine boots it will jump

06[12:10] * Threei kicks RIMM in rear with marine boots

06[12:11] * Threei religuishes responsibity to bkhmd's shoulders

[12:11] {bkhmd} just my humble opinion it dont want to jump

[12:11] {Threei} RIMM... I mean today

[12:11] {Threei} move while we are young

[12:12] {Threei} {RIMM} too late for you

[12:14] {Threei} ok, now work, will ya

[12:15] {dino} ttek to .05

[12:16] {dino} out .10, +.35

[12:16] {Threei} wtg

[12:16] {bkhmd} Come on RIMMM I need lunch money

[12:16] {dino} ty

[12:16] {dino} gmcr re-test maybe coming

[12:19] {Threei} no go RIMM

[12:20] {nemo} actually I got .10

[12:20] {nemo} aggressive at .73

[12:20] {Threei} yeah, there are variances within it depending on kind of entry you chose

[12:20] {nemo} frankly lucky I'm chicken and scalped

[12:20] {BillyD} RIMM disconnected from mkt there

[12:21] {Threei} but I go of standard variation for record purposes

[12:23] {Threei} Short Setup: AIG .60 break

[12:23] {Threei} if stays under .70

[12:24] {nemo} too fast

[12:25] {strider} in .57

[12:25] {magoo} in .60

[12:25] {Threei} magoo woke up

[12:25] {fernp} tried .58 but not filled

[12:26] {bkhmd} glad u said that

[12:26] {bkhmd} I was cursing my broker

[12:26] {bkhmd} I didnt fill either

[12:27] {fernp} now i am filled :)

[12:28] {magoo} out

[12:28] {magoo} no like

[12:30] {Threei} ECB's Provopolos: Economic recovery is not a given, recovery to remain slow and fragile

[12:30] {Threei} aren't you ball of fire Provopolos... real soul of the party

[12:32] {Threei} die AIG

[12:32] {BillyD} good one Vad..took it at 1:1 from .63

[12:33] {Threei} 1:1

06[12:33] * Threei slaps magoo around a bit with a large banner "Have some faith man!!"

[12:35] {dino} pwrd gap fill

[12:36] {dino} cf hl l .85

[12:36] {dino} esc maybe worth another try

[12:36] {dino} -5 bucks couple days

[12:36] {Threei} result will be the same dino: active window will close up

[12:37] {nemo} stec strong today

[12:37] {dino} huh? active window?

[12:38] {Threei} sigh... I am not doing too good job eschewing ambiguity, am I

[12:38] {dino} lol

[12:38] {dino} ok

[12:38] {Threei} esc... as in key ESC on a keyboard

[12:38] {nemo} no...

[12:38] {nemo} oh tangent off my joke

[12:38] {dino} got it

[12:38] {nemo} thief

[12:38] {Threei} yeah, feeding on nemo's one

[12:38] {dino} i'm slow, distracted w/chicken wings

[12:39] {nemo} din of iniquity around here

[12:39] {Threei} hey, it's better than cable guy

[12:39] {dino} indeed

[12:39] {Threei} mags... I promise I'll run out of cable guy jokes in about day or two

[12:39] {magoo} )

[12:39] {dino} pru about filled gap

[12:40] {nemo} you ran out yesterday vad

[12:40] {Threei} but honstly... your "so excited cable guy will be here" kept me in stitches for days

[12:41] {Threei} and nemo... you are stats guy

[12:41] {Threei} what are we, 6 for 7 today?

[12:41] {Threei} {--- looking for excuse to go home

[12:41] {nemo} yeah...only one stop

[12:42] {bkhmd} u dont trade from home Vad?

[12:42] {nemo} joke bk

[12:42] {Threei} don't go there bkh, not with nemo around

[12:43] {Threei} you know that next step will be disacussing who wears what

[12:43] {Threei} or doesn't

[12:43] {bkhmd} Im leaving it alone

[12:43] {bkhmd} lol

[12:43] {Threei} you better

[12:43] {dino} i don't bk

[12:43] {Threei} who wants to have this mental image of magoo trading in his tutu, really

[12:45] {bkhmd} lol boxers or briefs? lol

[12:45] {nemo} commando

[12:47] {dino} wow, that came over wring, i don't was trade from home, not cloths

06[12:47] * Threei puts his hands over female room members' eyes

[12:47] {nemo} dino, what?

[12:47] {bkhmd} ut oh

[12:47] {bkhmd} brace urself

[12:47] {dino} forget it

[12:47] {bkhmd} lol

[12:47] {Threei} lol

[12:48] {dino} going to my corner

[12:48] {larisa} I think i will start my vacation early :) see you guys later! stary safe, have fun!

[12:48] {Threei} havefun and safe trip larisa

[12:48] {larisa} -r

[12:48] {dino} cya larisa

[12:49] {dino} hmin

[12:49] {larisa} ty

[12:55] {ese} l egle avg .52 l exm avg .72

[12:55] {Threei} lol AMD is nailed down to 6.50 like AGAM used to be to 14.50

[12:56] {ese} laris.....we need to talk prague

[12:56] {ese} tomorow

[12:57] {Threei} she left for vacation ese

[12:59] {strider} BEXP inverse c&h

[13:08] {dawg} .)

[13:08] {dino} well, seems my mentioned yesterday contra-indicator worked again

[13:08] {nemo} that is?

[13:08] {strider} what's that dino?

[13:08] {dino} cramer giddy

[13:09] {ese} started her vacation already.........wow....i wish

[13:13] {Threei} she'll be back in two weeks ese

[13:18] {ese} tks......good on her

[13:20] {dino} pwrd hl l break of .50

[13:21] {bkhmd} is tht a chinese software company?

[13:24] {dino} doesn't come up

[13:30] {nemo} game software

[13:31] {ese} gotta go all....see ya tomorrow

[13:32] {Threei} take care ese

[13:32] {ese} cya vad

[13:35] {dino} cya ese

[13:40] {dino} cf out .10, +.25

[13:41] {strider} dino, how many positions will you hold at a time?

[13:42] {dino} 5 max

[13:42] {strider} L2s for each?

[13:42] {dino} but usually only 2 or 3. slow days they add up if not stopped etc

[13:42] {dino} y

[13:43] {dino} lots of days it takes hours fo them to work or stop

[13:48] {strider} c&H EXM

[13:55] {strider} things sure look weak today.

[13:55] {nemo} your still up 200 points for the week

[13:55] {dino} slllllllllllllllllllllllllllooooooooooooooowwwwwwwwwwwwwwwww

[13:56] {strider} .

[13:57] {strider} even the Qs are hardly trading.

[13:57] {Threei} very sleep-inducing

[13:57] {Threei} coma-inducing I should say

[13:58] {dino} apu ouch

[13:59] {strider} downgrade

[13:59] {strider} no...that was this morning.

[14:01] {dino} sm l .13

[14:01] {Threei} Market Internals update at 2:00pmET

[14:01] {Threei} - NYSE volume 565M shares, about 20% below its three-month average; decliners lead advancers by 4.1:1. - NASDAQ volume 1.47B shares, about 2% above its three-month average; decliners lead advancers by 2.4:1. - VIX index +4.5% to just over 24.00

[14:01] {dino} wide

[14:03] {dino} fear or greed, pwrd

[14:04] {dino} jadas priest, rockin' out

[14:07] {dino} ugh cf

[14:07] {magoo} news POT vad?

[14:08] {Threei} nothinbg fresh mags

[14:08] {dino} pwrd stop to .75

[14:08] {Threei} (US) TARP Oversight Official Barofsky: Dollar for dollar return on TARP is unrealistic, "tens of billions" will be lost on auto bailouts

[14:08] {Threei} - Ultimate return on TARP will be negative. - Believes TARP receipients should show how they used govt funding

[14:09] {BillyD} a little late for that

[14:09] {Threei} wait

[14:09] {Threei} let's see if I got this straight

[14:09] {nemo} frickin mon

[14:09] {dino} so what does a vote cost

[14:10] {Threei} bailout for banks was given out with clearly expressed disgust, as necessary evil

[14:10] {Threei} bailout for autos was fiven out with jubilance almost,

[14:10] {dino} out pwrd +.24

[14:10] {bkhmd} AIG CEO taking alot of heat still for bailout then fight the sal cap

[14:10] {Threei} with "we are saving jobs" refrain

[14:11] {Threei} now it turns out, bank bailouts are mostly being returned

[14:11] {Threei} and it's auto ones on which taxpayer takes a hit?

[14:11] {dino} ipi

[14:11] {Threei} I have just one question:

[14:11] {dino} ferts' spiking

[14:11] {bkhmd} yes but at first the gov wouldnt allow them to pay back what a crock of poo

[14:12] {Threei} do you guys want to hear russian swearing about all this, or want me to stays with english?

[14:12] {bkhmd} any russian girls in room?

[14:12] {Threei} two

[14:12] {Threei} well, one on vacattion

[14:12] {Threei} and dp

[14:12] {Threei} but he is not a girl

[14:12] {Threei} last time I checked at least

[14:12] {dino} my god vad, they gave it to the unions, broke established creditor laws from 100+ years. it is atlas shrugged on the autos

[14:13] {Threei} oh I know dino...

[14:13] {Threei} believe me, I see these socialist turns ans twists miles ahead

[14:14] {dino} i know, how about obama requires all businesses to double their work force, lol

[14:14] {Threei} noticed how even now it's banks that are demonizxed

[14:14] {Threei} and no single qword on autos?

[14:14] {dino} because of the unions

[14:15] {Threei} yup... friends and the electoral force to reckon with

[14:15] {dino} i am loving that ford is moving ahead

[14:15] {Threei} inlike hugely unpopular baksters

[14:16] {nemo} any bets on market today?

[14:17] {Threei} -30

[14:17] {nemo} dino?

[14:17] {BillyD} TARP??

[14:17] {bkhmd} -30 vad?

[14:17] {Threei} POT Recent strength in fertilizer stocks attributed to chatter of positive channel checks in the US reported by research firm

[14:17] {Threei} - report on channel checks sees rebound in fertilizer demand in the US in recent days

[14:17] {dino} -100+

[14:18] {Threei} now they tell us

[14:18] {BillyD} Does the Gov't pay the bank book value for distressed property then allow it to be for pennies on the $ to investment world

[14:18] {BillyD} sold for pennies

[14:19] {dino} dk bd

[14:19] {bkhmd} -53

[14:19] {BillyD} thx dino

[14:19] {dino} but buffet did way better w/gs than the givt did

[14:20] {dino} my typing sucks

[14:20] {bkhmd} fmc nice trend see any set ups vad?

[14:20] {BillyD} I know a guy who owed over 1Mil on two properties in foreclosure and someone got it from the bank and the new owner tried to sell it back to my friend for $250K

[14:21] {dino} apu, anyone? partialling out

[14:21] {BillyD} this was all possible thru TARP program which means the new owner paid .10 on the dollar to sell at }25 on the dollar

[14:21] {dino} out.63 ave, +.50

[14:21] {BillyD} .25 on the dollar

[14:24] {dino} well they are so efficient w/the foreclosures, that my sept. closing (i'm buying) has been held up again until dec., as the bank (gmac) just found another outstanding loan agaist the propertyy ($40k they missed)

[14:24] {dino} how do you miss this stuff, not confidence inspiring

[14:25] {BillyD} where is the title work?

[14:26] {BillyD} do you guys use title companies dino?

[14:26] {dino} yes. ironically, gmac is paying for our search in the deal

[14:27] {BillyD} as long as they eat the 40K it's ok

[14:27] {dino} oh, they are, no doubt

[14:28] {BillyD} if GMAC foreclosed already all other positions should be wiped out

[14:28] {dino} whatsd funny is i would've paid more, but they thought all that was owed was 165k

[14:28] {BillyD} yeah, worlks great for you

[14:29] {dino} :)

[14:32] {dino} brb

[14:35] {Threei} market is till locked in narrow range, but it's time to start defining our bias for the end of the day

[14:36] {nemo} if you said -30 it'll stay that way

[14:36] {Threei} almost

[14:36] {Threei} with little bounce

[14:37] {nemo} yeah, given it's been basically slithering along the bottom, that would make sense

[14:37] {Threei} but if this is indeed what happens, there will be stocks that overreact

[14:37] {nemo} rimm

[14:38] {nemo} might want to watch mon, it overreacte around 2:00

[14:38] {Threei} not sure

[14:38] {Threei} RIMM doesn't feel right to me

[14:38] {nemo} I think it's possibly a late short

[14:38] {Threei} but if dino's right and we are headed for -100, I would keep RIMM as short candidate

06[14:38] * nemo talks as if he has a clue

[14:40] {bkhmd} third time at that support level

[14:41] {bkhmd} lower highs

[14:41] {dino} it wasn't me, the coin answered

[14:44] {Threei} see how willing RIMM is on the downside?

[14:44] {nemo} y

[14:44] {dino} cvs out +.03

[14:44] {bkhmd} like my first

[14:44] {bkhmd} well i better not

[14:44] {nemo} bahhhhh

[14:44] {nemo} yeah, janitor will get pissed

[14:49] {Threei} looks like dino's coin was right

[14:49] {dino} lots of time

[14:49] {bkhmd} mised his coin toss what was it

[14:50] {bkhmd} -100?

[14:50] {nemo} gotta go c u L8tr

[14:50] {bkhmd} later nemo

[14:50] {Threei} 14:17] {dino} -100+

[14:50] {Threei} take care nemo

[14:51] {fernp} bye nemo

[14:52] {dino} cya nemo

[14:53] {BillyD} if not for RIMM to .20 it looks ripe off 63 short

[14:54] {Threei} I would really prefer a bounce first

[14:54] {bkhmd} could base here a bit yea?

[14:55] {BillyD} what is bounce logic Vad

[14:56] {BillyD} or bounce to stay under .20

[14:56] {Threei} two versions

[14:56] {Threei} one is bounce into .40 area

[14:57] {Threei} where I'd hunt for setup

[14:57] {Threei} another is plain breakjdown here

[14:57] {Threei} and bounce is needed just to establish resistance for stop placement

[14:57] {Threei} so far .20

[14:57] {Threei} but not very pronounced

[14:57] {BillyD} ok

[14:58] {bkhmd} thanks for explanation vad

[14:58] {Threei} I am still hesitant here...

[14:58] {BillyD} yes, I did not enter

[14:58] {Threei} no clean setup

[14:58] {BillyD} potential trap

[14:58] {Threei} honestly, if this is it - I will prefer to miss this play

[15:04] {Threei} oh well, this one got away

[15:08] {Threei} no pattern to go of still but this is something to work with

[15:08] {Threei} we have bounce into resistance

[15:09] {Threei} let's see if something shapes up to give us trigger and stop

06[15:10] * dawg slaps Threei around a bit with a large trout

[15:11] {Threei} what was that for

[15:11] {Threei} what did I do

[15:11] {Threei} sniff sniff

[15:12] {dino} close to 100

[15:16] {BillyD} RIMM H&S formed

[15:17] {fernp} Good evening everybody. see you all tomorrow.

[15:17] {Threei} take care fern

[15:17] {BillyD} bye fern

[15:17] {bkhmd} later fern

[15:19] {dino} wynn up $16 in 8 trade days

[15:20] {dino} cf nonstop, and i scalped it

[15:21] {bkhmd} Vad

[15:22] {Threei} yes sir

[15:22] {bkhmd} do ur majic dance make Rimm set up i need a scalp

[15:22] {Threei} gosh... why?

[15:22] {Threei} we had quite a few today

[15:22] {bkhmd} i missed first two good ones

[15:24] {Threei} my problem here is:

[15:24] {Threei} it makes its move within the range too vertically

[15:24] {Threei} so the range is too wide for a nice tightly controlled stop

[15:25] {bkhmd} yep

[15:25] {Threei} and if I try to play a break, I have to do it at the end of sharp move

[15:25] {Threei} and I hate that

[15:25] {bkhmd} and loks like it wants to bounce

[15:25] {bkhmd} then gets chopped down

[15:31] {Threei} OK

[15:31] {Threei} market is dropping, RIMM near resistabnce

[15:31] {Threei} if you need this badly, shiort it with stop above 63

[15:31] {Threei} first weakness from here

[15:33] {BillyD} hard to discern it here for me

[15:33] {Threei} yes

[15:34] {Threei} no clearly defined trigger

[15:34] {Threei} that's why I can't come up with normal call

[15:34] {BillyD} totally guessing

[15:34] {Threei} and instead waffle somwthing like

[15:34] {Threei} Short Setup: RIMM whereever and pray

[15:34] {BillyD} lol

[15:34] {magoo} in lol

[15:35] {BillyD} too bad Larisa gone for that one

[15:35] {magoo} our father who art in heaven.......

[15:35] {Threei} magoo... now, keep your srtop just above Who knows whewre, and aim to take priofit at Wherevr you want

[15:36] {magoo} to precise

[15:36] {BillyD} because you are gonna anyway

[15:36] {bkhmd} i took .4 cents and chicken out

[15:36] {dino} -100

[15:37] {Threei} 4 cents?

[15:37] {Threei} come on

[15:37] {Threei} what was your risk??

[15:37] {Threei} 6-7 cents?

[15:37] {Threei} who cares about such stop

[15:37] {bkhmd} 5 cents

[15:37] {Threei} let it trade, let the market work

[15:37] {dino} -300 more to go before month over

[15:37] {Threei} look at it

[15:38] {dino} target 9900

[15:38] {Threei} that was what Alan Farley would call "risk-based setup"

[15:38] {Threei} I can't remember it was me who picked up this expression from him or other way around

[15:39] {Threei} so just in case will ghive credit to him :)

[15:39] {Threei} kind of:

[15:39] {bkhmd} i dont recal reading that in his book lol so maybe ur term

[15:39] {Threei} no clear trade, but risk is so small, why not

[15:39] {bkhmd} thats what I seen grab 5 cents and run

[15:41] {Threei} I don't know, I'd d it differently a little

[15:41] {bkhmd} scared money here

[15:41] {Threei} risk is so small, who cares if I have to take such a tight stop, be thankful market gave such a riskless entry and try to milk it

[15:46] {BillyD} BK..read mark Douglas "Trading in the Zone" about anything can happen

[15:46] {Threei} no shorting RIMM this time

[15:46] {BillyD} if you haven't already

[15:46] {Threei} it has changed

[15:46] {bkhmd} no i have not read it

[15:47] {Threei} if it breaks 63 with market bouncing, maybe a long scalp

[15:47] {Threei} but no short

[15:47] {Threei} Long Setup: RIMM 63 break if stays above .90

[15:47] {Threei} let's make it official

[15:48] {dino} bd; that was the best line i ever learned

[15:48] {Threei} who is John Galt?

[15:48] {BillyD} it's the foundation as Douglas says

[15:49] {dino} "hate that question"

[15:49] {Threei} hehe

[15:50] {Threei} make up your mind RIMM

[15:51] {Threei} we are running out of time as Jack Bauer would say

[15:51] {BillyD} not in here, but you got mkt help

[15:51] {Threei} doesn't look encouraging

[15:52] {Threei} okay

[15:52] {BillyD} stock changes its tune all day long

[15:52] {Threei} no means no

[15:53] {BillyD} good plays today vad, ty

[15:53] {Threei} most of them anyway

[15:54] {BillyD} don't let tomorrow the 13th spook ya

[15:54] {Threei} why not?

[15:54] {Threei} great excuse for day off

[15:54] {Threei} thanks for giving me idea

[15:54] {BillyD} gd pt

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

[15:59] {bkhmd} good day all

[16:00] {bkhmd} thanks vad

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

[16:00] {tomg} thanks vad

[16:00] {Threei} see you tomorrow

[16:00] {dino} -94 close

[16:00] {Threei} perfect read dino

[16:00] {Threei} nailed it

[16:01] {Threei} DIS Reports Q4 $0.46 v $0.41e, R$9.8B v $9Be

[16:02] {dino} fwiw gaps 9936, 1730, 1069 from 10/06

[16:03] {dino} dis

[16:03] {Threei} beauty

[16:04] {Threei} scaled 30 cents

[16:04] {Threei} scalped

[16:04] {Threei} taking off, swee you tomorrow

[16:05] {dino} jwn

Nov 11 2009

A lot of setups got invalidated before ever triggering, and some were uncertain which made some calls discretionary, but wins solidly outnumbered stops, with couple bigger trades on RIMM and BCRX.

Session Time: Wed Nov 11 00:00:00 2009

[07:38] {KSystems} good morning

[07:39] {Threei} Good morning ks

[07:51] {Threei} GERN

[07:51] {Threei} 7:30:27 AM

[07:51] {Threei} Geron Corp Collaborators publish data on hESC-Derived glial progenitor cell therapy in spinal cord injuries

[07:51] {Threei} - Publication of data showing that oligodendrocyte progenitor cells (OPCs) derived from human embryonic stem cells (hESCs), when transplanted into a rodent model of cervical spinal cord injury, reduced tissue damage within the lesion and improved recovery of locomotor function.

[07:51] {Threei} - These data provide preclinical proof-of-concept for the use of GRNOPC1, Gerons hESC-derived oligodendrocyte progenitor product, in patients with cervical spinal cord injuries. Over half of the 11,000 human spinal cord injuries that are sustained in the U.S. annually are in the cervical region.

[08:00] {Les} GM. AONE short candidate.http://up.widget.mibbit.com/up/dftzlYws.png.

[08:01] {Les} losing out on major battery deals - http://tinyurl.com/ybs9bj5. earnings after close.

[08:02] {Threei} earnings were yesterday on AONE

[08:04] {Les} apologies. error seen.

[08:04] {Threei} A123Systems Reports Q3 -$1.78(incl items) v -$0.33e, R $23.6M v $19Me

[08:04] {Threei} - Net loss was ($22.8)M, or ($1.78) per share, based on 12.8M weighted average common shares outstanding in the third quarter. The company ended the third quarter with approximately 102M shares outstanding, with the increase from prior periods resulting from conversion of preferred stock at the time of the IPO, combined with new shares issued as part of the IPO proces

[08:04] {Threei} - CEO: "We are putting in place the infrastructure and expertise that we believe will enable A123 Systems to scale to much larger levels."

[08:06] {nemo} looks like another big up day

[08:06] {Les} thanks. upload url isn't working. stock is stuck between 50 and 20 MA on 60 min chart

[08:18] {Threei} BLTXX Baltic Dry Bulk Index rises more than 3.5% (10th straight gain)

[08:19] {Les} big up day and would love to catch an open high break setup at opening one of these days with a 3X etf.

[08:28] {Les} BCRX moved nicely yesterday

[08:29] {BillyD} morning all :)

[08:29] {Threei} Billy :)

[08:30] {nemo} looks like aig line up at the strting blocks

[08:35] {nemo} hi patience

[08:35] {Threei} (US) Senator Dodd (D-CT): Does not believe the Fed should shoulder all the burden for monitoring systemic risk - CNBC

[08:35] {Threei} - Notes his proposal would move the Fed back toward its core functions

[08:35] {patience} good morning guys

[08:35] {Threei} patience :)

[08:36] {nemo} he of the sweetheart Countrywide deal

[08:38] {Threei} who took starting blocks from under AIG's wheels?

[08:38] {nemo} sucks being them

[08:45] {Threei} C Buckingham reaffirms Accumulate rating, price target $6 (4.18, 0.00, 0.00%)

[08:46] {nemo} on what...aig?

[08:48] {Threei} ?

[08:48] {nemo} C Buckingham reaffirms Accumulate rating, price target $6 (4.18, 0.00, 0.00%)

[08:48] {Threei} which part of "C" is not understood?? :)

[08:49] {nemo} Oh, I thought that was the name of the analyst "C Buckingham"

[08:49] {nemo} sorry

[08:49] {Threei} lol

[08:49] {Threei} to confuse you even further:

[08:49] {Threei} AXP Buckingham reaffirms Accumulate rating, price target $46

[08:50] {nemo} family operation, huh?

[08:50] {Threei} rofl

[08:51] {larisa} gm

[08:51] {Threei} larisa :)

[08:51] {nemo} lari :)

[08:51] {larisa} vad, nemo :)

[08:56] {fernp} Good morning everybody

[08:56] {nemo} morn fern

[08:56] {Threei} fern :)

[08:57] {bkhmd} morning all

[08:57] {bkhmd} wb Vad

[08:57] {Threei} bk :)

[08:57] {strider} morning all.

[08:57] {Threei} strider :)

[08:57] {bkhmd} strider

[08:57] {strider} :)

[08:58] {nemo} dunedin

[08:58] {KSystems} *yawn*

[08:58] {nemo} decken Sein Mund!

[08:58] {strider} nemo:)

[08:59] {KSystems} lol

[08:59] {magoo} morning, im so excited..today the cable guy comes

[08:59] {Threei} oh boy

[08:59] {nemo} Jim Carrie meets Magoo..yeah, my sentiments Vad

[08:59] {magoo} from download speed of .78 to 15

[08:59] {Threei} hi mags... (he says carefully backing away, away and toward to door)

[09:00] {ese} GM

[09:00] {Threei} ese :)

[09:00] {ese} hey vad

[09:01] {ese} whats on your radar this morning vad

[09:02] {Threei} GERN...

[09:02] {Threei} BCRX...

[09:03] {magoo} walmart/rimm news

[09:03] {Threei} 1 week offer by WMT... shrug

[09:04] {Threei} Wal-Mart Stores Inc Offers discount on smart phones for the holidays

[09:04] {Threei} - One-week offer starting Nov. 14-20 on its full assortment of BlackBerry devices from all four major carriers: AT&T, Sprint, T-Mobile and Verizon Wireless.

[09:04] {Threei} - With the purchase of any BlackBerry at Walmart Wireless and two-year contract from these major carriers, shoppers will receive a $100 Walmart Gift Card at purchase to use on a later transaction on anything in the store, adding more spending "money" to consumer wallets on anything Walmart carries.

[09:04] {magoo} sheesh..remember yester when i asked bout news foe AMZN..said it was underperforming..it was 126

[09:05] {Threei} yeah, proceeded to make new annual highs

[09:06] {Threei} GERN some entusiasm

[09:06] {BillyD} CHLN as well

[09:07] {Threei} 7:31:18 AM

[09:07] {Threei} China Housing & land Develop Reports Q3 $0.24 v $0.04 y/y, Rev $24M v $8M y/y

[09:07] {BillyD} gonna keep eye on BEXP for continuation

[09:08] {nemo} might want to watch MON too...had big up day yesterday

[09:09] {Threei} CHLN is worth keeping eye on for possible momo

[09:10] {BillyD} Vad, you leaning more towards 1:1 scalps these days

[09:10] {Threei} varies...

[09:11] {Threei} depends on how strongly I feel about trend setting up for the day

[09:11] {cosmo} RFMD pre mkt high = 4.45 fwiw

[09:12] {cosmo} Announces Major Gallium Nitride (GaN) Milestones

[09:12] {nemo} aig looking very week

[09:12] {nemo} weak

[09:13] {Threei} before activity starts, have a look at what I could save:

[09:13] {Threei} http://www.realitytrader.com/photography/

[09:15] {cosmo} salmon

[09:15] {lasertrev} morning

[09:15] {Threei} trev :)

[09:15] {nemo} I'd say that's accurate

[09:16] {bkhmd} nice pics Vad

[09:16] {Threei} ty... those I couldn't recover would complete this series nicely

[09:16] {ese} tol........up 1.6 on 500k....this looks good for pullback then go

[09:17] {strider} Morning , trev. Do you know anything about the L1 & L2 server buffering. Located in Quote menu? Wondering if it could affect the sticking data?

[09:17] {bkhmd} how did we do yesterday i couldnt make it

[09:17] {Les} the last fish photo. what length was you lens at?

[09:18] {Threei} if my math is right, 4 out of 5, but all were scalps only

[09:18] {bkhmd} cool

[09:18] {Threei} last as in leaves against the sky? lemme check EXIF

[09:19] {Threei} 42 mm

[09:19] {Les} last fish photo was at 42mm?. They get that close?

[09:19] {Threei} oph, last fish

[09:19] {Threei} let me see :)

[09:20] {BillyD} nice Octopus photos

[09:20] {Threei} ty

[09:20] {Threei} that one is 30 mm

[09:20] {Threei} and yes, you can touch them if you want

[09:20] {BillyD} great contract

[09:20] {BillyD} conrast

[09:21] {cosmo} contact?

[09:21] {BillyD} contrast of photos

[09:22] {cosmo} photoshop does wonders

[09:23] {BillyD} you mean it's not Vad's expertise?

[09:23] {cosmo} not me

[09:25] {cosmo} photoshop has made me a better photographer

[09:26] {Threei} hard to tell if there is a chance for that but, if CHLN dives to 4.50 area at the open I'll be interested

[09:30] {Threei} BIOS continues, and no news still

[09:30] {dino} gm all, was a day early on tol

[09:30] {Threei} dino :)

[09:31] {Threei} BCRX

[09:31] {Threei} consolidates for a break

[09:32] {dino} esi thin drop

[09:32] {dino} missed it

[09:34] {Threei} RIMM

[09:34] {Threei} sharp pullback

[09:34] {Les} bounce candidate?

[09:34] {Threei} yes, no clear entry yet, prepare half lot

[09:35] {dino} colm

[09:35] {nemo} meany

[09:35] {ese} out stec .59 +.14 from yesterday

[09:36] {Threei} Long Setup: RIMM .35 break if stays above .20

[09:36] {Threei} half lot

[09:37] {Threei} invalidated

[09:37] {dino} lol es, that stec is a toughie

[09:37] {ese} ya no I've had my fill of that one

[09:37] {ese} does not trade very well....quite erratic

[09:38] {Threei} Long Setup: RIMM .25 break if stays above .10

[09:38] {Threei} half lot

[09:39] {dino} colm tempting

[09:39] {Threei} invalidated

[09:39] {ese} just looking at that

[09:39] {dino} all i see is upgrade to get it 9%

[09:39] {dino} hl s .83

[09:40] {nemo} nice spread

[09:40] {dino} typical

[09:40] {dino} missed cover

[09:41] {magoo} rimm launched took .25 that time

[09:41] {Threei} got away, RIMM

[09:41] {Threei} yeah

[09:41] {Threei} stop was way too wide

[09:41] {Threei} and new trigger .10 break happend too fast

[09:42] {dino} anyone in, try to partial out, tough

[09:43] {ese} L wfc .56

[09:44] {dino} cov colm ave .41, +.42

[09:44] {Les} BCRX about to advance again?

[09:44] {magoo} waiting for exit rimm .87 area

[09:44] {Threei} toughie BCRX

[09:44] {ese} out wfc .61 +.05.......cool made the high

[09:45] {dino} too soon

[09:45] {Threei} mags, market drop

[09:45] {Threei} carefu;

[09:45] {magoo} oh oh

[09:48] {BillyD} HGSI

[09:48] {Threei} Long Setup: HGSI .20 break

[09:48] {Threei} fast one, careful

[09:48] {Threei} stop for scalpers under .10

[09:48] {nemo} hah..

[09:49] {Threei} lol, 1:1 in a blink of eye

[09:49] {bkhmd} missed it

[09:49] {nemo} yeah

[09:49] {BillyD} out

[09:49] {Threei} wtg

[09:49] {ese} dino i think colm is great pullback candidate for afternoon rally

[09:49] {Les} had finger on trigger, but don't like playing these ultra fast scalps

[09:49] {BillyD} yeah, it came back and picked me up at .21

[09:49] {dino} agree es

[09:50] {dino} i covered way early

[09:50] {fernp} out here ty Vad

[09:50] {Threei} fern :)

[09:50] {tomg} ty vad

[09:50] {Threei} tom :)

[09:50] {magoo} out RIMM here .83 TY boss

[09:50] {Threei} good reflexes guys

[09:51] {ese} auch aye....fitb.......could not find a spot to get in.....sheesh

[09:52] {Threei} mags... some just can't be stopped, even by slow connection and by, umm absence of cable guy

[09:52] {Threei} HGSI 1:2...

[09:53] {Les} Vad, is shorting AONE for a daytrade at half lot ok? failed to push through resistance

[09:54] {BillyD} WTG Magoo

[09:54] {Threei} you see soem setup?

[09:54] {strider} REGN

[09:54] {magoo} classic cable guy though..morning apptmt ..between 9 am and 1 pm lol

[09:55] {dino} esc watching, yesterdays blood

[09:55] {Les} only that 50 ma @ 18.06 on 60 min. chart is resistance which AONE failed to push through

[09:55] {Threei} oh mags, those highly desired cable guys make one wait...

[09:55] {Threei} what the heck just happened

[09:55] {nemo} did the market die

[09:56] {magoo} upward

[09:56] {Threei} just the opposite

[09:56] {dino} magoo, just hoping jim carey doesn't show up

[09:56] {nemo} my software froze

[09:56] {dino} esc hl l .50 ave

[09:57] {dino} stop is .23

[09:57] {lasertrev} nemo, make sure you are not on 7

[09:58] {dino} call scottie nemo, tell him warp power in 5 or you're fired

[09:58] {nemo} scottie is dead

[09:58] {nemo} they blasted his ashes into space

[09:59] {Les} nflx making new highs

[09:59] {dino} opps

[09:59] {fernp} SPY vertical

[10:00] {cosmo} careful: ...some of those guys are quite heavly cologned

[10:00] {dino} theres my 10,300 call

[10:00] {ese} my goodness....what 20k of fitb wouldn't do to brighten up a day

[10:00] {dino} s/y new high

[10:00] {dino} ndx too

[10:00] {Threei} market is nervous here

[10:01] {magoo} wants up tho

[10:01] {Threei} sharp spikes bith ways

[10:01] {Threei} both

[10:01] {nemo} metro market

[10:03] {Threei} Long Setup: HGSI .40 break if holding above .30

[10:04] {dino} 643 pts up from mondays low, 10-02-09

[10:04] {dino} 6.6%

[10:05] {dino} pattern has been to drop 400 + pts now

[10:06] {dino} out esc ave .94, +.44

[10:06] {nemo} earnings season over now

[10:06] {ese} in hgsi

[10:07] {nemo} colm short ino?

[10:07] {ese} .39

[10:07] {Les} me 2 .40

[10:07] {Threei} Long Setup: BCRS .20 break

[10:07] {Threei} BCRX

[10:08] {magoo} vad..aapl double bott?

[10:08] {Threei} for scalpers, if stays above .15

[10:08] {Threei} for daytraders .10

[10:08] {dino} imo, depends on market nemo, colm

[10:08] {Threei} 204 break worth a try mags

[10:11] {Threei} HGSI no worky

[10:11] {ese} hgsi stopped .30 -.09

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

[10:12] {Les} out hgsi .27 - .13

[10:12] {magoo} out .47 TY vad

[10:14] {strider} out HGSI -.15

[10:15] {BillyD} BCRX still valid right for .10 stop

[10:15] {Threei} yup

[10:15] {dptl} morning

[10:15] {nemo} big orer .20

[10:15] {Threei} dp :)

[10:15] {nemo} order

[10:17] {Threei} eBay Inc Launches Free Vehicle History Reports Exclusively through Experians AutoCheck

[10:17] {Threei} - The free AutoCheck reports also give both automotive dealers and individual sellers a competitive advantage not found anywhere else on the Web, adding to other eBay benefits including Power Seller and Top-seller designations, customer support and dealer training

[10:18] {dino} lmia spike

[10:18] {dino} thin

[10:19] {Threei} Long Setup: RIMM .15 break

[10:19] {Threei} if stays above 65

[10:20] {Threei} let's modify it

[10:20] {Threei} 65 break

[10:20] {Threei} if holding .90

[10:21] {magoo} lets tweak it...IN

[10:21] {nemo} lol...

[10:21] {ese} l egle .12

[10:22] {ese} huge

[10:23] {Threei} (UK) PM Brown: Makes no apology for proposed Tobin tax

[10:23] {nemo} bcrx invalimudated

[10:23] {Threei} idiot

[10:23] {Les} he's a caviar socialist - still pretending to be a working class man

[10:23] {ese} love it nemo....invalium....etc cool word

[10:24] {Threei} I start thinking RIMM is not a scalp if sets up

[10:24] {dino} caviar socialist...have to remener that one

[10:25] {dino} remember

[10:25] {Les} we have lots of them here in switzerland

[10:25] {nemo} good politics is rarely a good solution

[10:25] {Threei} and it can't be any different

[10:25] {Les} what do you mean about RIMM Vad?

[10:26] {dino} lawyer friend of mine says; "when lawyer can't make it in law, they go into politics"

[10:26] {nemo} thinks it'll be better than a scalp if triggers

[10:26] {Threei} since good politics cater to majority, and we know how sound majority opinions are

[10:26] {Threei} I mean if it triggers it should be capable of more than scalp

[10:26] {nemo} IQ about my belt size

[10:26] {nemo} {nemo} thinks it'll be better than a scalp if triggers

[10:27] {nemo} invalumidated

[10:27] {Threei} invalidated

[10:27] {nemo} eqzaktly

[10:28] {fernp} What stocks are following SPY? Can't find a stock so happy as SPY

[10:28] {dino} gold trade getting crowded, imo

[10:28] {patience} yup

[10:28] {Les} ok. was just typing " I see weakness in RIMM when it fell away". RIMM appears to be a weak cousin of SPY

[10:29] {nemo} Dino sees dead people

[10:30] {ese} we should be able to use that word nemo....." take an invliumdate will ya"......that works

[10:30] {ese} invaliumdate

[10:30] {nemo} white yellow pink or blue?

[10:30] {dino} gdx hl s .75

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

[10:31] {Threei} - NYSE volume 230M shares, about 19% below its three-month average; advancers lead decliners by 6.1:1.

[10:31] {Threei} - NASDAQ volume 435M shares, about 22% below its three-month average; advancers lead decliners by 3.7:1.

[10:31] {Threei} - VIX index +1% to just over 23.00

[10:31] {ese} yellow and blue....for max effect

[10:31] {nemo} Veteran's day low volume rally

[10:31] {Threei} RIMM was two sided setup... too bad I didn't realize it at the moment

[10:31] {nemo} that's alot of invalumidate...probably wouldn't be able to trade

[10:31] {BillyD} same here vad, saw it but no true conviction

[10:31] {nemo} rimm might bounce here

[10:32] {dino} ok, cable guy, so off awhile

[10:32] {Threei} .60 break if holding .50

[10:32] {dino} gdx hard stop is .01

[10:34] {ese} oh where oh where has my little "colm" gone.....oh where oh where can it be....hum along everyone......

[10:34] {dino} hmin

[10:35] {ese} spreads getting bigger on it

[10:35] {ese} colm that is

[10:36] {nemo} fcx .30 break, holds .20

[10:37] {ese} L fcx

[10:37] {ese} ..2965

[10:37] {Threei} Long Setup: BCRX .05 break

[10:37] {ese} sheesh

[10:37] {Threei} if stays above 12

[10:37] {Threei} ridiculously tight stop

[10:38] {nemo} tighter than a ...

[10:39] {ese} out fcx .25 -.04

[10:39] {nemo} mudda'

[10:39] {nemo} grrrr

[10:39] {ese} ya

[10:39] {dino} cov gdx .50, +.25

[10:39] {nemo} sorry ese

[10:40] {ese} no appologies here fella

[10:40] {Threei} wtg dino

[10:40] {ese} it looked like the sp was gonna take it on up for abit there

[10:40] {Threei} BIOS just continues climbing

[10:40] {dino} ty, taking a break

[10:40] {dino} good a.m.

[10:40] {Threei} have fun

[10:40] {fernp} bye dino

[10:40] {ese} like it is now.......looked like very trade to me

[10:41] {BillyD} CHLN

[10:41] {ese} cya dino

[10:41] {BillyD} Vad, any read on CHLN

[10:41] {Threei} not really

[10:42] {Threei} got so thick

[10:42] {ese} and besides.....vad has my back as they say in combat

[10:42] {ese} the stop loss.....

[10:42] {nemo} vad behind you...oy

[10:42] {BillyD} ese, justdon't get between Vad and his rifle

[10:42] {Threei} nemo, I am not a cable guy

[10:43] {ese} i'll say billy....especially when he is protecting vodka

[10:43] {BillyD} lol....you know him

[10:43] {Threei} that's nothing... you should see dp when he feels his vodka is in jeopardy

[10:44] {ese} he also tends to be standing there with shiskabob skewers as well.....big time dangerous

[10:45] {dptl} :)

[10:45] {Threei} yeah, our skewers are like little swords

[10:45] {Threei} unlike these weird ones you make here... round and toally useless

[10:46] {Threei} what's with these market sudden moves today

[10:46] {Threei} no news, no numbers, nothing

[10:46] {Threei} just totally ut of blue

[10:47] {Les} computers shorting computers?

[10:47] {dino} pretty much the usual randomness

[10:47] {BillyD} agree dino

[10:47] {Threei} I wish I knew what that means les

[10:47] {dino} ty

[10:47] {magoo} these markets BLOW

[10:47] {BillyD} lol

[10:47] {magoo} i thought nov dec were usually good months

[10:47] {Threei} how do you tell then which computer is right

[10:47] {fernp} BCRX is locked in a 5 cents range and doesn't break upward or downward... too stressful... This market is amazing :-)

[10:47] {dino} :)

[10:47] {dino} faz maybe

[10:47] {ese} market in submarine mode.......dive dive dive

[10:48] {Threei} fern... if a stock staying within 5 cents range is too stressful for you, you might want to get out more...

[10:48] {bkhmd} lol

[10:48] {fernp} lol

[10:48] {nemo} drink more

[10:48] {dino} eat more

[10:48] {ese} egle doesn't want to quit.......i'm likin it

[10:48] {fernp} i like your advice nemo

[10:48] {Threei} and whatever you do, make sure you never meet magoo face to face

[10:48] {Threei} THAT will be a real stress

[10:49] {dino} yeah, he's not pleasant to look at

[10:49] {Threei} many stocks retreated ewnough to become interesting again

[10:50] {Threei} HGSI

[10:50] {Threei} RIMM

[10:50] {dino} cf blood again

[10:50] {Threei} market is not getting stringer yet though

[10:50] {nemo} didn't get tomorrow's WSJ vad?

[10:51] {Threei} but RIMM is not droipping with market anymore it seems

[10:52] {nemo} $ up strong

[10:52] {Threei} which kills the market

[10:52] {nemo} eqzaktly

[10:52] {Threei} RIMM, let;'s try to get in on slight pullback

[10:52] {dino} 10340 - 400 = 9940

[10:52] {Threei} around .40, half lot

[10:52] {ese} dive dive dive.....some trader triped on S&P trading floor with hands wildly flailing.........everyone esle presumes huge sell order

[10:53] {dino} \nice short colm es, nemo

[10:53] {nemo} sock ese

[10:53] {ese} you out colm now dino

[10:54] {ese} i'm just waitin on that thing.....i smell money there

[10:54] {strider} earlier trades: GDX short +.15, +.49; RIMM, stopped, -.11

[10:54] {Threei} ok

[10:54] {Threei} .40 cross RIMM

[10:54] {ese} sock ese huhhhh?

[10:54] {Threei} stop under .30

[10:54] {nemo} too late

[10:54] {dino} long time ago, took .43 out of it

[10:55] {ese} nice

[10:55] {nemo} take rimm scalp

[10:55] {dino} ty, 3/3, +.43, +.44,

[10:55] {dino} +.25

[10:55] {ese} am kinda lookin for some kind of capit bar

[10:55] {nemo} on colm ese?

[10:56] {ese} yes

[10:56] {nemo} long way to fall

[10:56] {strider} GDX short onbreak of 50?

[10:56] {ese} that may be it at 10:11 am....not sure

[10:56] {strider} maybe too close to yesterdays close

[10:56] {dino} brb

[10:56] {nemo} it's looking stronger strider

[10:57] {Threei} a bit too jumpy strider

[10:57] {Threei} sharp spikes 20 cents wide...

[10:58] {Threei} BCRX invalidated

[10:59] {Les} inverse c&h SPY?

[10:59] {BillyD} Vad, what was your RIMM stop on original pullback buy into .40 area

[10:59] {Threei} [10:54] {Threei} stop under .30

[11:00] {BillyD} on the one before that cross call as well?

[11:00] {Threei} that was the general idea

[11:00] {BillyD} ok

[11:00] {Threei} exact call came later as a .40 crossback

[11:03] {ese} ignore this, it's for my brother in toronto who reads vads trading room everyday...."JOIN THE ROOM YA GOOF!!!!!!!, WHATS YOUR PROBLEM???????"......that should surprise him today

[11:04] {magoo} well..its hard to justify the monthly cost

[11:04] {ese} there....thats should do it

[11:04] {Threei} communicating through the room with one's brother is ultimate definition of "not a keepr to my brother"

[11:05] {ese} lol

[11:05] {nemo} or of a "pain in the derriere"

[11:05] {Threei} lol magoo

[11:06] {Threei} you are going to spedn twice that wining and dining cable guy today

[11:06] {magoo} thought that was good for a trout

[11:06] {Threei} I knew you were going for that, but I am not obliging

[11:08] {magoo} u hand out fish often and freely..then we get used to them, and u withhold

[11:08] {Threei} that's how I enjot life

[11:08] {Threei} enjoy

[11:09] {ese} well thought out strategy vad........maximun effect....well thought out......you've got mags thinkin now

[11:09] {Les} potentional RIMM short coming below 64?

[11:10] {Threei} too sharo drop into support

[11:10] {Threei} sharp

[11:10] {Les} hate seeing setups that fail like that

[11:10] {dptl} .

[11:11] {Threei} .20 break could be a setup

[11:11] {Threei} 64 break is a trap

[11:12] {Les} really? Machiavelli would love this game

[11:13] {Threei} stock drops into support 20 vents in one gasp

[11:13] {Threei} do you short at the end of such spike?

[11:14] {Les} of course not. but if there was no big drop? would this gap still be a trap?

[11:14] {Threei} hmm?

[11:14] {Threei} I need translation

[11:15] {Les} sigh

[11:15] {Threei} if there was no big drop but instead a tight consolidation above support, then yes, break qwould be a short setup

[11:15] {Les} never mind

[11:15] {Les} ok

[11:15] {Threei} what you mean by gap in this case I don't know

[11:15] {nemo} rim becoming safer short

[11:17] {Les} sorry, gap between consolidation at 64 and yesterdays closing price

[11:17] {nemo} mon strong like bull

[11:18] {Threei} yest close is 63.69

[11:19] {dino} cf spiked

[11:20] {dptl} .

[11:21] {ese} ok dabbling in colm L .79 sm

[11:21] {ese} sm for me

[11:23] {Threei} anyone's tempted to find short entry on GLD?

[11:23] {dino} closer to hi, imo

[11:24] {Threei} I'd start looking around .50

[11:25] {strider} SYPR

[11:25] {Threei} 11:19:11 AM

[11:25] {Threei} Sypris Solutions, Inc. Subsidiary awarded multi-year, $200M ID/IQ contract from the US DoD

[11:25] {Threei} - awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the United States Department of Defense (DoD) for its RASKL (KIK-30) electronic key fill device. This contract is in support of the DoDs modernization effort to replace the aging KYK-13 key fill device. The product was designed and will be produced at the Sypris Electronics facility located in Tampa, Florida.

[11:25] {Threei} - contract is for a five-year period with a not-to-exceed value of $200M. The IDIQ contract is the U.S. Governments vehicle for its Services and Agencies to order the RASKL and product ancillaries

[11:28] {Threei} RIMM looks ready for a boucne with any market help

[11:28] {BillyD} .15?

[11:28] {Threei} yes

[11:28] {Threei} but keep an eye on NASDAQ

[11:28] {Threei} it's a make or break condition for this trade

[11:29] {Threei} with any market bounce, RIMM should be easy 64.40 - .50

[11:29] {BillyD} understand, I am not a fan of depending on the next move of index

[11:29] {strider} ESI downgrade dino

[11:29] {strider} or is it ese?:)

[11:30] {Threei} RIMM 1:1

[11:30] {dino} ty

[11:31] {Threei} management is close to standard: half out, stop to .10

[11:31] {Threei} just a few cents leeway considering RIMM's natural volatility

[11:32] {Threei} offer second half at 1:2

[11:33] {dptl} .

[11:33] {dptl} what tyhe...

[11:33] {Threei} struggling with connection dp...

[11:33] {Threei} (Ping timeout: 121 seconds)

[11:34] {Threei} to each of your disconnects

[11:34] {dptl} hmm connection fine , it's seems

04[11:34] -} [dptl] PING

[11:34] {Threei} nope... I am pinging you... serious delay

[11:35] {Threei} stop to under .15 RIMM

[11:35] {Threei} on a stronger day I'd go for 1/4 at 1:2 but today is feeble

[11:36] {Threei} come here my pot with meat... I am waiting at .45

[11:37] {BillyD} Vad, did you see the Naz confirm on RIMM or did you take it because RIMM triggered

[11:37] {Threei} .out .44

[11:37] {Threei} not going to risk the whole trade because of 1 cent

[11:38] {Threei} it triggered and NASDAQ upticked just a tad at the moment,

[11:38] {Threei} and most of all, both charts looked bounce-ready

[11:38] {Threei} +.29 seciond ha;f

[11:38] {Threei} second half

[11:39] {Threei} sheesh

[11:39] {BillyD} ok, do you look at NAZ chart to uptick or last sale.......because my charts always couple seconds behind it seems

[11:39] {Threei} if you make 4 erros in word "bread" you get "beer"

[11:39] {ese} L colm avg P .84

[11:39] {Threei} chart is 1 min

[11:39] {Threei} of course it will be late

[11:40] {Threei} I have both chart and T&S close enough to see them at the same time

[11:40] {Threei} wave or green in situation where chart is ready for ticking over resistance kind of confirms the break before chart actually shows it

[11:40] {BillyD} ah, maybe I need T&S for the Naz as well as L2?

[11:41] {Threei} I don't have L2 for it

[11:41] {Threei} only chart and T&S

[11:41] {BillyD} for Naz right?

[11:41] {Threei} yes

[11:41] {BillyD} ok, I will try it

[11:41] {Threei} NQ

[11:41] {Threei} also you can use QQQQ just as well

[11:41] {Threei} and no need for level 2 on it either

[11:41] {BillyD} Q is what I use

[11:41] {Threei} it's so thick, what is it L2 shows you on it

[11:43] {Threei} 60% Want Fort Hood Shooting Investigated as Terrorist Act

[11:43] {Threei} duh

[11:44] {bkhmd} I lost a coworker there had memorial yesterday

[11:44] {Threei} 24% Watch Oprah At Least Occasionally

[11:44] {Threei} okay...

[11:44] {Threei} wow bkh... sorry

[11:44] {bkhmd} i wasnt very close but he was well liked

[11:46] {Threei} when I hear how political correctness in a form of fear of becoming accused of being anti-muslim led to ignoring obvious threat...

[11:47] {strider} long COLM .82

[11:47] {strider} ese, where do you have your stop?

[11:48] {bkhmd} I have serious mixed thoughts on issue of course nothing justifies his actions but I asked my wife who is not from this country how she would feel if she was asked to fight against ehr country not a good thought he should have nver joined the military here in usa

[11:49] {nemo} funny...want it investigated as terorist act...duh...but in the military, it's known as treason...He'll have a date with the firing squad

[11:50] {nemo} or, get the stuffing kicked out of him on a regular basis at Leavenworth

[11:50] {Threei} another sharp downtick in the market with no reason

[11:50] {bkhmd} death is too good for him

[11:50] {nemo} agreed

[11:51] {Threei} hah

[11:51] {Threei} interesting:

[11:51] {bkhmd} gld bounce?

[11:51] {Threei} NDAQ Moody's upgrades ratings to Baa3 from Ba1; outlook Stable

[11:51] {Threei} but

[11:51] {Threei} NYX Moody's put ratings on review for downgrade (currently rated A2)

[11:52] {strider} stopped COLM .56

[11:52] {Threei} not sure about GLD...

[11:52] {Threei} I am more inclined to short it but having hard time fonding entry

[11:53] {Threei} it tyopped out under .40 while I was hesitant to short it far below .50

[11:53] {bkhmd} does look weak now

[11:55] {bkhmd} do you see support at .89 for GLD?

[11:56] {Threei} .89?

[11:56] {Threei} why?

[11:56] {bkhmd} 108.89

[11:56] {Threei} kind of strange place for support, no?

[11:56] {Threei} what do see there?

[11:57] {bkhmd} chart indicates pivot point but I am new to looking at pivot points

[11:57] {bkhmd} 109.36 another pivot

[11:57] {Threei} weird

[11:58] {Threei} pivot people may have better insight but I don't see how .89 can be pivot on it

[11:58] {Threei} nemo is pivot man

[11:58] {Threei} larisa is pivot girl

[11:58] {nemo} it is a calculated point, but it is only a line to look at should price approach it. I see support at 109

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

[12:00] {Threei} - NYSE volume 445M shares, about 10% below its three-month average; advancers lead decliners by 1.3:1.

[12:00] {Threei} - NASDAQ volume 865M shares, about 13% below its three-month average; advancers lead decliners by 1.6:1.

[12:00] {Threei} - VIX index +2.75% to just under 23.50

[12:01] {nemo} Veteran's Day volume

[12:01] {BillyD} hard to find any good setups today

[12:01] {Threei} yeah, that RIMM long was as good as they go

[12:02] {Threei} just look how many got invalidated today

[12:02] {Threei} about 5 I think

[12:02] {Threei} must be a record

[12:02] {BillyD} yup

[12:02] {nemo} nah

[12:02] {BillyD} good thin gis sitting tight

[12:02] {nemo} had 7 a couple of weeks ago

[12:02] {Threei} ok... lol

[12:02] {BillyD} nemo the pivot stat man

[12:03] {nemo} 10/23/2009

[12:04] {BillyD} Vad, too small of range for H%S on GLD .10 and .00

[12:04] {BillyD} H&S

[12:05] {bkhmd} fade the rimm breakout attempt?

[12:05] {Threei} may be just the ticket to short it Billy

[12:05] {Threei} no bk, breakdown

[12:06] {Threei} a bit too far from there now

[12:06] {bkhmd} yea thts what i meant did I use wrong term?

[12:06] {BillyD} yeah, two headed frak now

[12:06] {Threei} lol

[12:06] {Threei} kind of bkh

[12:07] {Threei} shorting 109 break would be garden variety short

[12:07] {Threei} just your standard breakdown

[12:07] {BillyD} sweet setup

[12:08] {Threei} to fade breakout you need a breakout to fade... and I don't see anything breakoutish on it :)

[12:08] {Threei} .10 break could be qulified I guess... with some stretch

[12:09] {bkhmd} ahhh thanks I was thinking the open

[12:09] {bkhmd} making another run at the open

[12:13] {magoo} we are gonna be shut down any minute

[12:13] {magoo} exciting times :)

[12:13] {BillyD} you getting cable modem now

[12:14] {BillyD} and getting rid of DSL

[12:14] {magoo} ya

[12:14] {magoo} eh

[12:14] {BillyD} reason to celebrate..............

[12:14] {magoo} download speed test today.94

[12:15] {BillyD} yeah, cable is fast here

[12:15] {BillyD} never had dsl

[12:15] {strider} brcm

[12:15] {magoo} dsl .94, not even 1

[12:15] {strider} ?

[12:16] {nemo} short strier under .45. long .53

[12:19] {strider} AONE

[12:24] {ese} i'm back

[12:24] {nemo} happy happy joy joy

[12:25] {nemo} vad...spy and qs look like they want to pop

[12:25] {ese} why thank you...thank you thank you very much

[12:26] {bkhmd} ese or elvis?

[12:31] {Threei} BCRX is trying to find footing...

[12:31] {BillyD} lol...was just noticing

[12:32] {Threei} if market starts strong recovery, it's a momo candidate

[12:32] {BillyD} just where to enter is key

[12:32] {Threei} well, .10 has nice juicy offer to break

[12:32] {Threei} too bad this time RIMM got away

[12:32] {BillyD} very true

[12:32] {Threei} never saw a good entry on it

[12:33] {BillyD} stops too wide at .60

[12:35] {ese} ese bk

[12:38] {BillyD} you take BCRX Vad

[12:38] {bkhmd} i tried i didnt fill

[12:38] {Threei} yes... I am bored

[12:38] {BillyD} lol

[12:38] {fernp} .10?

[12:38] {Threei} yeah

[12:39] {bkhmd} i tried .11 blew right through it for me

[12:39] {Threei} I do it differently a little in such cases, bkh

[12:39] {fernp} stop under .05 ?

[12:39] {Threei} under 12 for me

[12:39] {Threei} when I have this huge offer for a stock to eat through,

[12:40] {Threei} I try to grab last shares of this same offer

[12:40] {Threei} it starts scrolling very fast usually if going to break

[12:40] {bkhmd} yep thats what happened i was trying to take the break of .10

[12:41] {Threei} do you click buy as offer disappears?

[12:41] {bkhmd} i had a limit order in to buy at .11

[12:41] {Threei} yes... I mean physically

[12:41] {bkhmd} nope

[12:41] {Threei} offer disappears, you push buy?

[12:42] {bkhmd} no i didnt do it that way i had the order in as a stop limit stop was .10 if hits fill at .11

[12:42] {Threei} ok... that's not my way at all

[12:42] {Threei} what broker btw?

[12:43] {bkhmd} Trade Station

[12:43] {Threei} oh ok

[12:43] {Threei} forget good fills altogether

[12:43] {Threei} it's just not a daytrading broker speed wise

[12:43] {bkhmd} I may switch

[12:43] {bkhmd} second time missed a fill

[12:44] {Threei} for Laser users who misses this kind of fills,

[12:44] {BillyD} ASIA interesting

[12:44] {Threei} little trick I taught magoo sometime ago

[12:44] {Threei} and he has been abusing his to death

[12:44] {Threei} just make sure you read it till the end lest you hurt yourself

[12:45] {Threei} if you feel a stock is going to scroll through your buy limit fast and there is a good chance to miss it,

[12:45] {Threei} do this:

[12:45] {Threei} click in level 2 on your price to which you are willing to chase,

[12:45] {Threei} hover cursor over Buy button,

[12:46] {Threei} as trigger level becomes best offer, depress mouse button

[12:46] {Threei} do not let go yet,

[12:46] {Threei} keep it depressed,

[12:46] {Threei} and let go only when you want your order to go in

[12:46] {Threei} It save you time for click

[12:46] {bkhmd} thanks vad

[12:46] {Threei} BUT

[12:47] {Threei} if stock downticks instead of breaking

[12:47] {Threei} and you don't want to send your order

[12:47] {Threei} do not forget to move cursor away from Buy button beforfe letting go

[12:47] {larisa} wow

[12:47] {larisa} lol

[12:47] {nemo} you taught him that a year ago

[12:48] {Threei} yeah... and he became freakishly fast, lol

[12:48] {Threei} larisa... don't tell me you didn't know this trick

[12:48] {nemo} yeah...and be careful you don't hit the market buy

[12:49] {Threei} of course you can always gain even more speed by using keystrokes instead of mouse

[12:49] {Threei} but there is even more room for error

[12:49] {Threei} so be careful with that

[12:53] {larisa} if you get download data delayed just a bit this exact second, all your mouse moving saved ms will do nothing IMO. With magoo connection it is interesting, how he can gain from this trick :) but if it works for someone, it works :)

[12:53] {Threei} well, it gives you additional boost of speed all things being equal

[12:54] {Threei} and magoo connection wasn't always like this, lol

[12:54] {larisa} I do not understand how it does, but I do not want to argue :)

[12:55] {strider} DRYS up today

[12:55] {Threei} easy... less time to release the button than to push and release

[12:55] {BillyD} it gives another variable to the edge of more confirmation for the trigger before entering

[12:55] {ese} definitely

[12:55] {Threei} I grew to hate the way DRYS trades

[12:56] {BillyD} lol....I've always hated it

[12:56] {strider} I'm in it for longer term...I really don't care how it trades as long as it trades up:)

[12:57] {Threei} well, then you were already grown-up while I was reading texbooks and chasing skirts

[12:57] {Threei} and it's been a good while since I read textbooks...

[13:04] {dawg} .)

[13:05] {fernp} I also hate the way DRYS trades... and I hate RIMM, GLD, BCRX, and many more, But what can I tell you about AGAM, I have no words to describe how I hate AGAM. lol

[13:05] {Threei} rofl

[13:05] {Threei} now, that's a good one

[13:05] {BillyD} lol....very good

[13:05] {Threei} and btw... RIMM prepares for 65 break

[13:08] {nemo} runs into major resistance around 65.14

[13:09] {BillyD} gonna take ROIMM if holds .90 and takes 65 Vad?

[13:10] {Threei} shhh, don't speak too loud now: BCRX is up whole 5, yes 5 cents

[13:10] {Threei} yes Billy

[13:10] {Threei} unless market reverses down at the same time

[13:10] {Threei} maybe .85 is better stop level

[13:10] {BillyD} thx

[13:10] {fernp} BCRX 1:1 for me

[13:10] {fernp} ty Vad

[13:10] {Threei} lol

[13:11] {Threei} you are welcome

[13:12] {Les} alright, the cook has been released from the kitchen. you gotta moment to talk about AONE Vad?

[13:13] {Threei} what about it?

[13:13] {ese} the egle looks like it's landed....still long at .12

[13:13] {Threei} it happily does nothing

[13:13] {Les} resistance was confirmed at 50 ma, which failed today.

[13:13] {Threei} BCRX gaining perkiness

[13:14] {ese} you talking about egle les

[13:14] {Les} I wanted to short as it failed to penetrate resistance 2nd time round and just let it run

[13:14] {Les} no AONE

[13:14] {Threei} at what price?

[13:14] {Threei} BCRX 1:1

[13:14] {Threei} half out for me

[13:14] {Threei} scalpers be happy

[13:15] {strider} Was BCRX a call?

[13:15] {Threei} at what price Les?

[13:15] {Les} I was considering a .77 short trigger earlier. But this is not doeable in your trading system?

[13:15] {fernp} gotta go. Have a good evening every. see u all tomorrow

[13:15] {Les} bye fern

[13:15] {Threei} strider, kind of discretionary... discussion in the course of which I declared intention to enter

[13:16] {Threei} take care fern

[13:16] {fernp} every = everybody :)

[13:16] {Les} at 10:23 am

[13:16] {strider} OK. missed it.

[13:17] {Threei} I like the idea itself, Les,

[13:17] {Threei} not sure I see exact entry trigger there

[13:17] {Les} that's the point. Not your type of trigger

[13:17] {Threei} 1:2 BCRX, out

[13:17] {Threei} too sharp spike

[13:18] {Les} I am still watching twitter list of a couple of daytraders and using 60 min. charts for trading decisions.

[13:19] {Les} wondering if I have to split my trading into two camps. An independent daytrade & Vad system trade camp.

[13:20] {Threei} if you do, keep us informed about stats comparison

[13:20] {Threei} I may switch if they look convisingly {G}

[13:20] {Les} :)

[13:21] {Les} with IB I'm not catching your faster trades unfortunately

[13:21] {Les} Laser may make all the difference. I dunno

[13:21] {strider} probably not.

[13:27] {Threei} market has no gas in it

[13:27] {Threei} BCRX however holding well

[13:27] {BillyD} yeah, killed our RIMM play

[13:28] {Threei} good tradeoff as far as I am concerned: 2K BCRX for 20 cents vs half lot RIMM stop for 15

[13:29] {Les} 2k - 2000 shares?

[13:29] {Threei} yeah

[13:29] {Threei} would have taken more if not this weird day with no conviction

[13:38] {Threei} if market decides to break down here, surely GLD should follow?

[13:39] {Threei} .45 is a stop

[13:39] {Threei} you feel it will, just grab a few shares here

[13:40] {Threei} US Treasury Sec Geithner: Calling for a 'market oriented' FX rates - Asia media comments

[13:40] {Threei} people in Asia must be irritated as hell listening to patronizing teaching coming form US administration

[13:41] {Threei} especially form Timmy who failed misreably trying to handle Asian financial crisis in 90 as IMF guy

[13:42] {Les} well how many Asian leaders listen to him now?

[13:42] {Les} "0"

[13:42] {Threei} as far as teaching goes, 0

[13:42] {Threei} but he also has executive powers now

[13:42] {Threei} so as far as policies go, they do listen

[13:43] {Les} listen to what? "The United States Federal Reserve supports a strong dollar"....?

[13:44] {Les} dollar to 70?

[13:44] {Threei} no, that's words

[13:44] {Threei} there are steps

[13:44] {Threei} GLD 1:1 btw

[13:45] {Threei} and if certain steps are taken, they'll echo in entire world

[13:45] {Threei} whether they are right ones to take or wrong

[13:45] {BillyD} ty GLD

[13:45] {Threei} sure thing

[13:46] {Threei} you don't seriously suggest that Fed and Treasury actions do not impact whole world, do you

[13:48] {Les} No, just doubtful that the Fed is going to do other than let USD slide to new lows to inflate its way out.

[13:48] {Les} So if I was world leader, what do I do in watching USD slide?

[13:48] {Threei} as if they could do something about that

[13:49] {Les} hmm was gonna say tighten money supply but...

[13:49] {Threei} well yes

[13:50] {Les} that has its own evils

[13:50] {Threei} hoke rates

[13:50] {Threei} hike

[13:50] {nemo} tank market

[13:50] {Les} that too

[13:50] {Les} yep

[13:50] {Threei} withdraw money supply

[13:50] {nemo} raise financing costs

[13:50] {nemo} kill exports

[13:50] {Threei} start sucking liquidity out of market

[13:50] {Threei} and kill everything

[13:50] {Threei} economy, markets

[13:50] {Threei} leftovers of employment

[13:51] {Threei} so, they are between Scilla and Harybda

[13:51] {Threei} or however you spell that

[13:51] {Les} so what policy choice do they have then, that world leaders should be interested to hear?

[13:51] {Threei} they don't have GOOD policy choices

[13:51] {Threei} it doesn't mean they don't have any

[13:52] {Threei} and they will undertake something

[13:52] {Threei} as they already did over last year - year and half

[13:52] {nemo} dogfight at these lves

[13:52] {nemo} levels

[13:52] {Threei} you are looking at it wrong Les...

[13:53] {Threei} think of it in let's say Afghanistan terms

[13:53] {Threei} there are no good choices there

[13:53] {Threei} they are all bad

[13:53] {Threei} but some of them will be made

[13:53] {Threei} and implemenmted

[13:53] {Threei} and they will impact a lot of lives

[13:53] {Threei} see my point?

[13:53] {Les} sure

[13:53] {Threei} same with financial policies

[13:53] {strider} Vad, AONE?

[13:54] {Threei} if anything it's a short to me

[13:54] {strider} good idea on break?

[13:54] {Threei} I am not delighted by it either way,

[13:54] {strider} k

[13:54] {Threei} but if I had to trade it, I'd take short

[13:54] {Threei} on .80 break

[13:54] {Threei} I don't like the width of the stop

[13:55] {Threei} no proounced resistance other than 17

[13:55] {strider} yeah

[13:55] {Threei} ideally though, this thing could give us a reasonable play

[13:55] {Threei} if bounced, stayed under .90 and slid back to .80

[13:56] {Threei} then this break could have been taken with stop above .90

[13:56] {Threei} another way is to take fewer shares on .80 break with stop above 17

[13:57] {BillyD} can't short it

[13:57] {Threei} really

[13:57] {strider} yep. no shorts.

[13:57] {BillyD} yup

[13:57] {Threei} crap is so useless, lol

[13:57] {nemo} no shorts

[13:57] {strider} in laser

[13:58] {BillyD} lol

[13:58] {Threei} it was shirtable on its first IPO day

[13:58] {Threei} shortable

[13:58] {Threei} but not now

[13:58] {BillyD} they change daily

[13:58] {strider} lost its shirt, I guess.

[14:00] {strider} nice inverse c&h, PTEN

[14:01] {patience} bought kinross for a scalp

[14:04] {Threei} Market Internals update at 2:00pmET

[14:04] {Threei} - NYSE volume 625M shares, about 11% below its three-month average; advancers lead decliners by 1.1:1.

[14:04] {Threei} - NASDAQ volume 1.22B shares, about 15% below its three-month average; advancers lead decliners by 1.3:1.

[14:04] {Threei} - VIX index +1.5% to just over 23.00

[14:09] {strider} Hey ese, there's an ESE:)

[14:10] {Threei} more that that strider... there is RAVN

[14:10] {strider} Esco Technologies

[14:10] {strider} made my day!

[14:11] {Threei} and let me make your week: there is STRI

[14:11] {ilana} there is mags too

[14:11] {Threei} rofl, really

[14:12] {strider} hmmm.

[14:12] {ese} stock sysmbol?

[14:12] {strider} not very interesting.

[14:12] {strider} maybe I should change my name.

[14:12] {Threei} cable guy may be interested by MAGS, strider

[14:12] {Threei} or in

[14:13] {strider} you're so bad to poor mags.

[14:13] {ese} and it's dn 1.07.........honest it's says notheing about me

[14:13] {Threei} there used to be a stock LARS btw

[14:13] {strider} yep, ese looks like a short.

[14:13] {ese} lol

[14:14] {Threei} also, there is BKH

[14:14] {bkhmd} hey hey

[14:14] {ese} well on that note ....i have to sign off for the day...big day for egle i'm up 4 1/2 G's there.....cya tomorow

[14:14] {Threei} gj ese

[14:14] {Threei} take care

[14:15] {Les} nice one. byse

[14:15] {Les} bye too

[14:15] {Threei} I don't know where you find partience for this kind

[14:15] {ese} tks vad......thats because you protected my back on FCX

[14:15] {Threei} I'd already shoot myself

[14:15] {Les} egle

[14:15] {Threei} and couple people I don't like

[14:15] {ese} indeed

[14:15] {ese} take care

[14:16] {bkhmd} glad u bought camera lens not a gun vad

[14:16] {Threei} lol

[14:16] {Threei} not much relief there... in absence of gun I gnaw through the throats

[14:16] {Threei} not a pretty image

[14:17] {bkhmd} yikes

[14:17] {Threei} see?

[14:17] {strider} you gnaw, then take a picture of it and send it to his mother.

[14:17] {strider} bad

[14:17] {Threei} bad hasn't even imagined that

[14:18] {Threei} but I always believed that kind word and a gun are much more effective than kind word

[14:18] {nemo} yep

[14:21] {Threei} failed harddrive is under Seagate warranty it turns out... so they'll send me a new one

[14:21] {Threei} but I still have a question: what about pain and suffering?

[14:22] {bkhmd} yes vad I had much pain and suffering without you Monday

[14:22] {strider} Actually, it was rather pleasant here, Vad. No pain. No suffering. :)

[14:22] {bkhmd} include me on your claim

[14:22] {Threei} no bkh sorry... you are strider cancel each other out {G}

[14:22] {Threei} and strider

[14:22] {bkhmd} then in that case how abuot a read on Rimm

[14:22] {bkhmd} Bounce on the open?

[14:23] {Threei} how did you know I just got interested in this drop?

[14:23] {bkhmd} i have 3 eyes

[14:23] {Threei} on the open?

[14:23] {strider} all those burgers he eats.

[14:23] {Threei} dunno about open

[14:23] {bkhmd} 65

[14:23] {Threei} but interested in .50 support holding and providing bounce

[14:24] {Threei} market turns down too

[14:24] {Threei} maybe lower

[14:24] {bkhmd} perhaps .45

[14:25] {Threei} ugh

[14:25] {Threei} just right off .50

[14:25] {nemo} cat break of ...now

[14:25] {larisa} AIG explosion why

[14:26] {Threei} AIG CEO Benmosche: Totally committed to leading the company - WSJ, citing internal memo

[14:26] {Threei} shrug

[14:26] {Threei} so wat

[14:26] {larisa} lol

[14:26] {magoo} back

[14:26] {Threei} ok

[14:26] {Threei} .60 break RIMM

[14:26] {nemo} quik mags aig

[14:26] {strider} Vad's been talking about you, mags.

[14:27] {Threei} what the

[14:27] {Threei} was there something else in memo we don't know about

[14:27] {strider} AIG CEO Benmosche says "totally committed" to leading AIG, WSJ reports :theflyonthewall.com

[14:27] {Les} out AIG for +.27

[14:27] {BillyD} stop on RIMM is .50

[14:27] {Les} thanks for heads up

[14:27] {BillyD} ??

[14:28] {magoo} whats up with AIG?

[14:28] {strider} boy that's a non-event

[14:28] {dino} .

[14:28] {Threei} ***Reminder: On 11/10, the WSJ reported that CEO Benmosche threatened to resign

[14:28] {Threei} so what

[14:28] {Threei} qwho cares?

[14:29] {strider} Billy does

[14:29] {BillyD} Vad, RIMM stop is what?

[14:29] {Threei} unxder .50

[14:29] {Les} obviously someone likes the idea of him quitting

[14:29] {BillyD} lol strider

[14:29] {BillyD} ty

[14:30] {Threei} how did it go wit cable mags?

[14:30] {Threei} and the guy?

[14:30] {dino} took awhile, but i think we are ok

[14:31] {magoo} lots of issues..but up now

[14:31] {Threei} how's speed?

[14:31] {magoo} good for now

[14:31] {Threei} AIG is back to its old self

[14:32] {strider} dino & mags in same office?

[14:33] {magoo} unfortanately

[14:33] {Threei} lol

[14:33] {Threei} RIMM 1:1

[14:33] {nemo} out ty

[14:33] {bkhmd} ty out

[14:33] {Threei} sure

[14:33] {Threei} not bad day after all

[14:33] {dino} yes strider

[14:35] {Threei} a lot of invalidations, an unusual number of discretionary setups that I wouldn't call "officially", but wins solidly outweighed stops

[14:36] {_esteban} hi everybody

[14:36] {Threei} hi esteban

[14:36] {Les} hi esteban you made it

[14:36] {nemo} play guitar?

[14:36] {magoo} related to gloia:)

[14:37] {_esteban} no

[14:37] {nemo} hope you don't need adult supervision...none here

[14:38] {magoo} vad..read AIG here?

[14:38] {Threei} momo mags... no technical read

[14:38] {magoo} u got a feel?

[14:39] {Threei} if drops sharply into 36.60 - .70 area, will be much easier to enter

[14:39] {magoo} might not drop

[14:39] {Threei} as "just a momo, enter wherever and it will work anyway" - no

[14:42] {Threei} let's see if RIMM obliges us once again

[14:42] {Threei} same idea, dive closer to .50

[14:42] {Threei} and bounce for scalpers

[14:43] {Threei} don't enter on price alone

[14:43] {Threei} let's see if we get right action

[14:43] {strider} volume or futs?

[14:44] {Threei} everything

[14:48] {Threei} much better momo now AIG

[14:48] {Threei} 38 38-50 is imminent it feels

[14:48] {dino} flr hl l .70

[14:48] {dino} stop lod

[14:48] {magoo} in 37

[14:49] {Threei} 37.99

[14:49] {Threei} lol

[14:50] {Threei} can I say forst target hit or you will hold me responsible for 1 cent miss?

[14:50] {Threei} first

[14:50] {Les} in .80

[14:52] {BillyD} BCRX maybe ready again

[14:53] {BillyD} any read Vad

[14:53] {Threei} I don't like how it acts on breaks

[14:53] {Threei} it's a good player off pullbacks

[14:53] {BillyD} ok

[14:53] {Threei} and if I were a bit more patient, we would try to get it on this drop to 12.10

[14:54] {Threei} which was our entry last time around,

[14:54] {Threei} provided nice support now

[14:54] {Threei} was a natural area to look for reentry

[14:55] {Threei} should bounce off .40

[14:55] {Threei} AIG that is

[15:00] {Threei} .50 recross

[15:00] {Threei} stop under .40

[15:02] {Threei} takes too long

[15:02] {dino} shaw hl l .50, stop lod

[15:02] {Threei} no go

[15:02] {BillyD} out

[15:04] {patience} goodness...i'm up $5.05 on my kinross trade so far....i've got to learn to trade in thousands of shares like Ese, not hundreds

[15:06] {dino} gj

[15:08] {nemo} 10's of thousands patience

[15:08] {patience} with your bank account, sure nemo

[15:08] {nemo} make your money on the ecn rebate

[15:08] {nemo} no...ese's bank account

[15:08] {patience} better yet, both

[15:08] {patience} :)

[15:09] {Threei} you'll need dp then

[15:09] {Threei} to drink with ese until he is oblivious

[15:09] {Threei} and gives you his login

[15:09] {nemo} shouldn't take long

[15:10] {BillyD} AIG no bounce

[15:10] {nemo} see market

[15:10] {BillyD} yeah]

[15:18] {Threei} Billy, have a look at BCRX

[15:18] {Threei} break entry would have been a trap

[15:19] {Threei} {--- at the risk of dislocating shoulder, pats himself on the back

[15:19] {BillyD} yeah, I saw that....I stayed away because you were right....it is a pullback stock

06[15:21] * BillyD pats Vad on the back for BCRX

[15:22] {nemo} cya tomorrow

[15:23] {BillyD} bye nemo

[15:25] {Threei} take care nemo

[15:25] {BillyD} RIMM near 65 again

[15:26] {dino} cya nemo

[15:28] {Les} TOL consolidating for another break?

[15:29] {dino} for whom the bell....

[15:32] {Threei} it forms what you can call a bull flag

[15:34] {Threei} watch volume,

[15:34] {Threei} you want to see it stalling and volume p;ractically disappearing

[15:34] {Threei} then reversing and gaining volume

[15:36] {Threei} see these last few downticks on increasing volume?

[15:36] {Threei} they negate an idea of bull flag

[15:37] {Les} ok.

[15:38] {Les} bill's new commentary is up and running with a star rating system

[15:41] {dino} cramer getting giddy. contra indicator imo

[15:43] {Threei} lol... guys is incredible

[15:44] {Threei} wasn;t his "now we drop to 9500" comment what practically ended pullback?

[15:44] {bkhmd} 5 minutes ago he is bragging a 200% return 100% guarantee

[15:44] {bkhmd} lol

[15:45] {Threei} ummm

[15:46] {dino} yes, he said 9k before 10k end of oct

[15:47] {Threei} heh

[15:49] {strider} DRYS

[15:50] {dino} wets

[15:50] {Threei} AIG dropped just where I wanted it... but we have no time for decent play

[15:50] {patience} hmmm.....evidently Kinross doesn't know how big my daughter's cell phone bill is this month

[15:51] {Threei} and last minutes are even more dangerous on it

[15:51] {magoo} a lot of time

[15:51] {magoo} last 10 minutes can make your week

[15:51] {dino} out shaw +.03

[15:54] {Threei} ENMD...

[15:57] {dino} out flr .63 -.07

[15:58] {Threei} okay guys

[15:58] {Threei} thank you all

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {bkhmd} good night all

[15:58] {BillyD} ty vad

[15:58] {dino} take care all, thx for ideas

[15:58] {bkhmd} ty vad

[15:59] {Les} yeh thanks for another day of learning. night.