Not a bad way to start the week - 4 wins, couple stops, then a few wins again. Most of them were scalps. RIMM, HGSI, APOL (this one was good for more), NABI, INFY, CAT... quite a specter.
Session Time: Mon Nov 16 00:00:00 2009
[08:24] {KSystems} Boo
[08:24] {BillyD} lol
[08:25] {nemo} Oh no, Ein Poltergeist
06[08:38] * KSystems shakes his rusty chains
[08:46] {nemo} retail data must not have been earthshattering
[08:48] {Threei} *(US) OCT ADVANCED RETAIL SALES: 1.4% V 0.9%E; EX AUTOS: 0.2% V 0.4%E
[08:48] {Threei} - Retail Sales ex Auto & Gas: 0.3% v 0.3%e
[08:48] {Threei} *(US) NOV EMPIRE MANUFACTURING: 23.5 V 30.0E
[08:49] {Threei} EGLE DB Raised EGLE to Hold from Sell, price target: $4.50
[08:49] {Threei} that's smart, considering EGLE is at 5.60
[08:52] {Les} gm. I'm impressed that the US consumer still has it in them to keep retail sales positive. Or have sales dropped so low that even a small positive number is a given?
[08:53] {Threei} who knows
[08:53] {Les} HGSI doesn't see eye to eye with the market.
[08:53] {Threei} just a little piece of overall mosaic, and impossible to judge without seeing much broader picture
[08:55] {Les} last minute cancellation of Repin last Thursday. H1N1 appears to be in our midst in this part of the world. 1 child sick last week. the other home today. nothing serious.
[08:55] {Threei} well, HGSI has some news
[08:55] {Threei} Human Genome Sciences Inc Receives FDA complete response letter for Raxibacumab BLA
[08:55] {Threei} - Letter relates to the Company's Biologics License Application (BLA) requesting the approval of raxibacumab for use in the treatment of inhalational anthrax. The FDA issues Complete Response Letters to request additional information needed to complete the review of a BLA.
[08:55] {Threei} - Exec: "We have responded to all of FDAs previous questions. We plan to address the current questions as well. In certain respects, the Complete Response Letter appears to be inconsistent with the FDAs published final rule governing the development of new drugs when human efficacy studies are not ethical or feasible."
[08:56] {Les} big rubber stamp marked "DENIED" hey...
[09:01] {fernp} good morning everybody
[09:01] {Threei} fern :)
[09:07] {nemo} Hola fern
[09:10] {fernp} hello nemo
[09:12] {ese} Eschew all...
[09:12] {Threei} bless you ese
[09:12] {ese} sounds like a sneeze
[09:12] {ese} you read my mind vad
[09:13] {ese} thats scary
[09:13] {Threei} lol
[09:13] {Threei} which reminded me recent russian joke
[09:13] {ese} go for it
[09:13] {Threei} Winnie the pooh and Piglet come to the bank,
[09:14] {Threei} Wnnie yells: nobody move, this is robbery!
[09:14] {Threei} Guards start laughing saying: you don't even have weapon, moron
[09:14] {Threei} He turns to Pihlet and barks order:
[09:14] {Threei} Swine! Sneeze!
[09:15] {magoo} morning
[09:15] {Threei} mags :)
[09:15] {ese} oh thats bad!......morning mags
[09:15] {Threei} it is but most russian jokes are
[09:16] {magoo} whats on the watch?
[09:16] {nemo} magus :)
[09:16] {nemo} mickey mouse
[09:16] {Threei} nothing much so far, typical Monday morning
[09:16] {nemo} dude :)
[09:17] {ese} dude
[09:18] {magoo} duuuuuuuuude
[09:19] {lasertrev} gm
[09:19] {Threei} trev
[09:19] {nemo} laser dude
[09:20] {strider} morning, everyone.
[09:20] {nemo} dunedin
[09:20] {ese} asml......500k so far
[09:20] {lasertrev} nemo, vad
[09:20] {ese} up .56 positive comment fro jp Morgan
[09:20] {nemo} hey strider...I haven't made any mistakes yet this morning :)
[09:20] {Threei} strider :)
[09:20] {nemo} Then again, I haven't done anythin either :(
[09:21] {strider} Good. Don't do anything, nemo.
[09:21] {strider} 3i:)
[09:21] {nemo} o.k.
[09:21] {dino} gm all
[09:21] {Threei} dino :)
[09:21] {dino} ady, pwrd, frp
[09:21] {nemo} dono :)
[09:21] {dino} fro i mean
[09:25] {Threei} isn't it amazing that market still has it in it to climb ever further
[09:25] {BillyD} yeah
[09:25] {dino} nah
[09:25] {dino} to lny
[09:25] {Les} show me the volume...
[09:25] {dino} talking to myself already
[09:25] {nemo} where else you gonna' put your money? bonds? real estate?
[09:26] {patience} if you keep printing money for the benefit of the big banks, don't be surprised they gamble with it
[09:27] {cosmo} its human nature, of course
[09:27] {Threei} too deep
[09:27] {Threei} it's monday morning
[09:28] {BillyD} lol...keeping an eye on NABI
[09:28] {cosmo} well it has been up to now ...sigh...forget it...
[09:28] {Les} was wondering if Greek merchants speculated on olive harvests in their day? how long have we been speculating for?
[09:29] {Les} i.e., ancient greece
[09:29] {nemo} probably since they invented prostitution
[09:29] {Threei} Nabi Biopharmaceuticals Signs exclusive worldwide option and licensing agreement for NicVAX with Glaxo
[09:29] {Threei} - Announced an exclusive worldwide option and licensing agreement for a nicotine conjugate candidate vaccine, an investigational vaccine for the treatment of nicotine addiction and the prevention of smoking relapse, as well as for the development of a second generation nicotine vaccine.
[09:29] {Threei} - Under the terms of the agreement GSK will pay to Nabi an upfront non-refundable fee of $40M at closing and will receive an option to exclusively in-license NicVAX on a worldwide basis and a license to develop follow-on next-generation nicotine vaccines using Nabi''s intellectual property.
[09:31] {magoo} NLST again
[09:31] {magoo} ripping
[09:31] {Threei} 4.50 with its monstrous offer on NABI, something to watch for later
[09:31] {magoo} 5.50 u mean?
[09:32] {Threei} ??
[09:32] {Les} RIMM falling fast
[09:32] {Threei} NLST:
[09:32] {Threei} Netlist Inc. Update: demonstrates HyperCloud Memory Modules at Supercomputing 09
[09:32] {Threei} - Demonstrated the world's first 16GB 2 virtual rank (vRank) double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud(TM).
[09:32] {Threei} - Netlist will also showcase the interoperability of HyperCloud memory with standard JEDEC server memory solutions on popular enterprise servers. This demonstration reinforces HyperCloud's ability to function as a standard RDIMM while increasing memory bandwidth and capacity for datacenter servers.
[09:32] {Threei} **Reminder: On Nov 11 Company said it launched HyperCloud memory module for servers, the world''s first 16GB, 2 virtual rank (vRank) memory module for servers.
[09:32] {magoo} NLST
[09:32] {Threei} [09:31] {Threei} 4.50 with its monstrous offer on NABI, something to watch for later
[09:32] {Threei} [09:31] {magoo} 5.50 u mean?
[09:33] {magoo} well NLST just went a point
[09:34] {Threei} Long Setup: NABI .50 break half lot
[09:36] {BillyD} want it to hold .35
[09:37] {magoo} rimm bounce time
[09:37] {Threei} Long Setup: RIMM .50 break half lot
[09:37] {Threei} if stays above .30
[09:38] {Threei} invalidated
[09:38] {magoo} lets follow it vad
[09:39] {magoo} in .40
[09:39] {Threei} reestablished
[09:39] {fernp} what is the stop in NABI if triggers, Vad?
[09:40] {Threei} if from here, .35
[09:40] {Threei} but invalidating level is .30 for now
[09:40] {ese} out egle .81 +.30 out exm ,90 +.18 both 20k swing positions from last week
[09:40] {Threei} RIMM, take profit
[09:40] {fernp} thanks
[09:40] {Threei} wtg ese
[09:40] {ese} tks
[09:42] {dino} ibkc
[09:43] {nemo} aapl is very lively this morning
[09:46] {dino} gj es
[09:46] {ese} tks dino......great way to start the week
[09:47] {Les} traders jumping on RINO
[09:48] {Threei} Long Setup: APOL .50 half lot
[09:48] {ese} apol up 3.50 as well dino
[09:48] {Threei} if stays above .30
[09:48] {ese} vad your reading my mind again......
[09:49] {Threei} MTXX Hearing strength being attributed to analyst speculation for possible divestiture of certain products (4.12, +0.33, 8.71%)
[09:49] {magoo} in apol
[09:49] {ese} damn....thats not fair apol
[09:50] {Threei} APOL 1:1
[09:50] {fernp} ty Vad
[09:50] {ese} i didn't make it in
[09:50] {ese} nice one vad
[09:50] {ese} is pullback legit here
[09:50] {fernp} dino, have you seen PARD? big gap down
[09:51] {magoo} wow
[09:51] {Threei} moves faster than I manage to answer ese
[09:51] {dino} no, thx
[09:51] {fernp} :)
[09:51] {Les} ty vad. out apol
[09:51] {Threei} welcome guys
[09:51] {Threei} NABI invalidated
[09:52] {ese} ya....was just gonna do it looked away for a second and it was gone again
[09:52] {magoo} waiting over 58 here
[09:53] {Les} RINO vad, consolidation?
[09:54] {Threei} 1:2 APOL
[09:54] {Threei} I am out in full
[09:54] {Threei} I don't see anything tradeable in RINO
[09:54] {Les} ok
[09:55] {BillyD} Vad, any read BCRX
[09:55] {magoo} out here .17 TY vad
[09:56] {magoo} 58.17
[09:56] {Threei} wtg
[09:57] {Threei} BCRX looks interesting on .40 break
[09:57] {magoo} keeps on trockin
[09:57] {Les} STP sitting smack on 50 MA on daily as resistance.
[09:57] {nemo} aapl pull back
[09:57] {dino} cedc hl l .65, stop lod
[09:59] {dino} no good stopped
[09:59] {Threei} Long Setup: BCRX .40 break if stays above .30
[10:00] {dino} shaw hl l .50 lod stop
[10:00] {Threei} US) SEPT BUSINESS INVENTORIES: -0.4% V -0.7%E
[10:02] {magoo} vad, another setup maybe APOL coming
[10:04] {ese} un predicable from here mags imo......mid day consolidation is better time
[10:04] {Threei} I've no read on it here
[10:05] {nemo} big bid .31 bcrx
[10:05] {Les} HGSI breaking new lows
[10:06] {Threei} HGSI 18 break was cleah short signal... too bad I haven't watched it at the time
[10:06] {Threei} 28, sorry
[10:06] {nemo} put the bottle down vad
[10:07] {Les} ok. remember difficulty trying to explain whether stock was breaking support or resistance, so I eschewed comments today
[10:07] {dino} cedc last try .44 hl l
[10:07] {dino} ibkc taunting me
[10:08] {Threei} what's so difficult Les... support is lower envelop o the range, resistance is higher one... that's all there is to it :)
[10:08] {dino} that cold of yours is bad
[10:10] {Les} so HGSI having broken resistance and yet fallen back through, we say that resistance is respected?
[10:10] {dino} 10500 strike in play
[10:11] {Threei} HGSI formed support at 28 from 9:51 to 9.58
[10:11] {Threei} then broke support
[10:11] {Threei} which served as short trigger to which I referred
[10:11] {nemo} maybe modify bcrx to .34 break?
[10:11] {Les} ty
[10:12] {Threei} I am just not sure it has any life in it nemo
[10:12] {nemo} yeah, market moving it not
[10:12] {Threei} easy to get stuck in immobile stock
[10:12] {nemo} so...just when we take our eye off of it
[10:12] {Threei} Long Setup: RIMM .70
[10:13] {dino} pwrd drop
[10:13] {ese} market slowing dn.....most things i'm lookin at are double top......
[10:14] {dino} cedc stopped
[10:15] {strider} RIMM still valid}?
[10:15] {Threei} Short Setup: RIMM .50 breakj
[10:15] {Threei} if stays below .60
[10:16] {Threei} not on a long side strider
[10:17] {strider} yeah...short call answered my question:)
[10:17] {nemo} don't you hate that
[10:17] {Les} STP broke thru resistance
[10:18] {Threei} RIMM won't be a scalp for me if triggers
[10:20] {nemo} you kick the plug vad?
[10:22] {dino} sva
[10:23] {BillyD} RIMM still valid
[10:23] {fernp} invalidate RIMM or still valid?
[10:23] {Threei} with .65 stop, valid
[10:23] {fernp} ok
[10:25] {ese} vad....apol.....making another move toward .50
[10:26] {dino} pwrd bit wild up/down
[10:26] {dino} cric drop
[10:27] {Threei} I don't have a read on it here ese
[10:27] {ese} tks
[10:28] {dino} lny spike
[10:28] {Threei} NLST sharp selloff
[10:28] {Threei} die already RIMM, will ya
[10:28] {nemo} aig interesting
[10:30] {ese} yes it is.....I have a 500 shs sell stop at 33 on aig
[10:31] {ese} i don't know if it's gonna get there or not......could go either way from here
[10:31] {ese} seems to be a consolidation of sorts 35 to 40
[10:32] {fernp} out RIMM .40 TY Vad
[10:33] {Threei} RIMM 1:1, covering half
[10:33] {Les} out in full ty vad
[10:33] {Threei} darn scalpers
[10:33] {BillyD} out here ty
[10:34] {Threei} welcome guys
[10:34] {Threei} my stop for second half is .55
[10:34] {ilana} RIMM support .24?
[10:34] {Threei} .35 area is nearest one so far
[10:34] {Threei} then .20
[10:36] {Threei} Les, this play is that same concept of support breakdown... hope it becomes clearer
[10:37] {Les} I have no difficulty visualising b/o and b/d on ticker. Speaking the lingo is my problem...
[10:38] {Les} I can see what the ticker wants to do, but sound like a clutz when I try to talk about it...
[10:38] {Threei} easy... support is floor, resistance is ceiling
[10:38] {Les} ok. parent teacher meeting in 20. later...
[10:38] {Threei} if you break through the floor, you fall down
[10:38] {dino} hammer and ice theory
[10:39] {Les} your earlier explanation of resistance/support made understanding easier. cheers.
[10:40] {nemo} is rimm looking long now?
[10:40] {strider} EMR
[10:41] {nemo} yeah, I guess it was
[10:41] {Threei} out balance
[10:41] {Threei} why do scalpers win almost every time?
[10:41] {ese} l fitb .10
[10:41] {magoo} i was gonna remind u
[10:41] {BillyD} lol
[10:42] {Threei} to answer your question in a very timely manner nemo: yes
[10:43] {BillyD} TCTS signs of loife
[10:43] {BillyD} TSTC and possible continuation
[10:44] {magoo} loife?
[10:45] {nemo} sponge?
[10:45] {BillyD} brutalized sentence
[10:45] {nemo} threeish
[10:45] {BillyD} been watching Vad's spelling too long
[10:45] {Threei} sorry
[10:45] {dino} shaw to .72
[10:45] {Threei} I know it's contagious
[10:46] {Threei} almost like sneezing swine
[10:46] {magoo} amazed how i remain unaffected by him
06[10:46] * Threei faints
[10:47] {nemo} well, you were well ahead of him in the first place
[10:47] {magoo} nice
[10:47] {nemo} sorry...have to defend vad
[10:48] {magoo} well thats a big BIG change
[10:48] {nemo} yeah...must have a fever
[10:48] {Threei} Long Setup: INFY .80 break
[10:49] {Threei} if stays abiove .70
[10:54] {magoo} in
[10:54] {Threei} OSIP Tarceva to Be Reviewed by the FDA''s Oncologic Drugs Advisory Committee for Use as a First-Line Maintenance Therapy in Advanced Non-Small Cell Lung Cancer (34.30, +0.07, 0.20%)
[10:56] {fernp} TY Vad
[10:56] {BillyD} out ty
[10:56] {Threei} OK, I am out in full
[10:56] {ese} l fitb avg .1072
[10:57] {Threei} I give up, scalper in me wins
[10:57] {fernp} lol
[10:58] {Threei} what er we, 4 for 4?
[10:58] {Threei} are
[10:59] {fernp} yes
[10:59] {dino} out shaw +.25
[10:59] {Threei} not bad for Monday
[10:59] {nemo} Don't bother asking
[10:59] {magoo} whats the most we got though?as in all 1 o 1 or 2?
[10:59] {fernp} lately Mondays are good days
[11:00] {nemo} one 1:2
[11:00] {Threei} 1:2 on APOL for me
[11:00] {strider} ese, what are you looking for from FITB?
[11:00] {nemo} or 1:3 depending on how you played apol
[11:00] {Threei} you got more out of it though
[11:02] {dino} pwrd hl l .30, stop .98
[11:03] {ese} hey ST about 5/6/7 cents
[11:03] {strider} thanks. I figgured.
[11:06] {ese} hadn't figured on the s&p flat lining though this is taking a little longer than i thought
[11:06] {BillyD} RIMM short opp
[11:09] {ilana} too late for rimm, isn't it
[11:09] {ese} daaaaaaaaa
[11:09] {Threei} a bit, yeah
[11:09] {Threei} .50 break was the trigger again
[11:10] {Threei} the same as first time
[11:11] {Threei} Short Setup: CAT .85 break
[11:11] {Threei} if stays below .95 for scalpers
[11:11] {Threei} 60 for day traders
[11:12] {Threei} been a while since we played this one... let's see if it became tradeable again
[11:12] {Threei} setup with stop tight enough ti test it
[11:12] {ese} out fitb .08 -.02 and abit
[11:14] {ese} couldn't hang around with the # of shs i had
[11:15] {ese} am lookin to get back in though
[11:15] {dino} ibkc s .70
[11:15] {dino} hl
[11:15] {dino} stop is .03
[11:18] {Threei} RIMM won't even try to bounce
[11:20] {Threei} hrrr
[11:22] {Threei} RIMM has this short at will look
[11:24] {fernp} stopped CAT
[11:24] {nemo} yeah
[11:27] {patience} happy day in my gold stocks
[11:31] {ilana} WFC .50 break?
[11:32] {BillyD} NABI some action
[11:33] {Threei} WFC, if holding .40, yes
[11:34] {Threei} NABI is still a runner candidate
[11:41] {Threei} same setup
[11:41] {Threei} .50 break long
[11:42] {nemo} NABI?
[11:42] {strider} WFC?
[11:42] {Threei} yes
[11:42] {Threei} yes
[11:42] {strider} nabi
[11:42] {strider} and wfc :)
[11:42] {Threei} yes
[11:42] {Threei} good thing my wife is not around
[11:43] {Threei} she hasn't seen me saying yes three time in a row in, ummm, ever
[11:43] {BillyD} hard to believe :)
[11:45] {strider} Not!
[11:45] {Threei} Preview: Fed Chairman Bernanke to speak on economic outlook at 12:15pmET
[11:45] {Threei} - Bernanke to speak at economic outlook lunch at Economic Club in NY; with text and audience commentary expected
[11:46] {magoo} NLST
[11:46] {nemo} look at the order at .50 on nabi
[11:47] {Threei} exactly what makes it a long trgiger
[11:47] {BillyD} yup
[11:49] {Les} Vad, RIMM "short at will look" - double bottom developing?
[11:50] {Threei} I don't like it for long
[11:51] {dino} cov ibkc .27, +.43
[11:52] {dino} too soon
[11:52] {fernp} gj dino
[11:54] {dino} ty
[11:54] {dino} thing jumps around in .30 spans
[11:55] {strider} look at the offer at 4.50, NABI
[11:55] {BillyD} large off er gone here
[11:55] {Threei} [11:46] {nemo} look at the order at .50 on nabi
[11:55] {Threei} [11:47] {Threei} exactly what makes it a long trgiger
[11:56] {Threei} EDGX Billy
[11:56] {Threei} still there
[11:56] {BillyD} mine only shows 100
[11:56] {nemo} I have 1009
[11:56] {Threei} WFC invalidated, and triggered on a short side instead for faders
[11:57] {Threei} yup, 1009
[11:57] {Les} HGSI falling thru 28 for 2nd time
[11:57] {fernp} EDGX 1006 right now
[11:57] {strider} yep
[11:59] {BillyD} Lasrtrev.....why would my L2 no lomger show correct # of shares on EDGX
[11:59] {fernp} FAS falling hard. Bernanke is speaking already?
[11:59] {Threei} Billy, either you have font/column wifth set in a way that cut off 4th digit
[11:59] {nemo} hgsi short .94 vad?
[11:59] {Threei} or setting of how number of shares is reflected
[12:00] {Threei} all hone
[12:00] {Threei} gone
[12:00] {nemo} in
[12:00] {strider} in
[12:00] {strider} .51
[12:00] {BillyD} it came back for some reason
[12:00] {fernp} what is the stop?
[12:01] {Threei} hard to tell HGSI
[12:01] {nemo} stop on nabi .40?
[12:01] {Threei} that's a bit too tight for me
[12:01] {Threei} but it's more of a momo stock
[12:01] {Threei} hard to tell, really
[12:02] {Threei} .30, .35, .40 are all valid supports... make your choice
[12:02] {Threei} such enormous offers being taken, thing deserves a chance
[12:03] {nemo} it died
[12:06] {Threei} Market Internals update at 12:00pmET
[12:06] {Threei} - NYSE volume 465M shares, about 5% below its three-month average; advancers lead decliners by 5.2:1.
[12:06] {Threei} - NASDAQ volume 885M shares, about 11% below its three-month average; advancers lead decliners by 3.5:1.
[12:06] {Threei} - VIX index -1.5% to just under 23.00
[12:08] {nemo} wanna' coax nabi a bit
[12:08] {fernp} today CSCO again trying to break 25. it is very stubborn :-)
[12:09] {fernp} 24
[12:10] {Les} RIMM double bottom friday/today. 50 ma at 61.87 presently acting as support.
[12:12] {nemo} lotta support at .45 for NABI
[12:13] {Threei} all those who sold at .50 are trying to buy back at .45? G}
[12:13] {BillyD} lol
[12:15] {ilana} RIMM .80 break with market help?
[12:15] {ilana} late
[12:16] {nemo} frickin' chinese water torture nabi
[12:17] {Threei} everything is
[12:17] {Les} Vad, I hear CNBC is attributing rally to Benny boy? We gonna sell off after he speaks you think?
[12:17] {Threei} RIMM, I view it as short but exact entries are tough here
[12:17] {Threei} just wring time of the day, too random
[12:18] {Threei} if they do they are idiotsa
[12:18] {Threei} -a
[12:18] {Threei} why would market need Benny today to rally?
[12:18] {Threei} it rallied on Friday without him
[12:18] {Threei} or Thu
[12:18] {Threei} or Wed
[12:18] {Threei} US) Fed Chairman Bernanke: Fed's mandate also includes keeping USD strong; sees moderate economic growth continuing through 2010; monitoring developments in USD closely
[12:18] {Threei} - Jobs to remain scarce for some time, hurting spending
[12:18] {Threei} - Inflation to remain subdued for some time, pledges to monitor inflation closely
[12:18] {Threei} - Recent depreciation of USD reflects the reversal of safe haven flows
[12:18] {Threei} - Fed to monitor USD developments closely.
[12:18] {Threei} - US economic strength will help ensure the USD remains strong
[12:19] {Threei} so what in that would start a rally?
[12:19] {ilana} NABI held pretty well this pullback
[12:20] {Threei} and if you look at intraday chart, didn't most opf the rally occurred in first 15 minutes, long before Ben opened his mouth?
[12:21] {Les} hey take it up with CNBC :)
[12:21] {Threei} I do
[12:21] {Les} lol
[12:21] {Threei} I show you how idiotic that assumption is
[12:21] {Les} sorry vad you misunderstand me...
[12:22] {Les} I know how idiotic that is for CNBC to say
[12:22] {nemo} market looks like going to drop
[12:22] {Les} I was interested in possible market reaction following speech...
[12:22] {dino} 3i, you seem tense
[12:22] {Threei} me? rather like jellyfish
[12:23] {fernp} QID, vad?
[12:23] {Threei} Les... they assume that rally is thanks to Benny, thus they assume that end of his speech means selloff
[12:23] {dino} free fall
[12:23] {Threei} if first assumption is, wrong, doesn't it mean seond is qrong by extention?
[12:23] {Threei} we may sell off but Benny has absolutely nothing to do with it
[12:24] {Les} no. opinion of another old hand like yourself. curious as to your thoughts on the matter.
[12:24] {Les} but stupid of me to ask. trade what you see, not what you think....
[12:24] {Threei} unless he says something of significance, market movements are done with no regard to his speech
[12:24] {Threei} imagine for instance him saying: we are going to hike rates next month
[12:25] {Threei} market drops 500 points in a flash
[12:25] {dino} edu
[12:25] {Les} RIMM 200 ma support at 61.58 on 15 min. lose this support, I will short. next stop 60.73.
[12:26] {dino} talking heads thats all
[12:27] {Les} yes, sorry for wasting space on such idle speculation
[12:27] {Threei} if we reversed, QID is the way to try it on .40 break, fern
[12:27] {Threei} with stop under .35
[12:27] {dino} no worries, just turn the volume off and put on some tunes
[12:28] {fernp} ok Vad
[12:31] {fernp} will be this NABI the AGAM's brother? :-)
[12:31] {Threei} lol
[12:32] {ese} Ok........well i've been patient....will continue to be patient....but am considering L fitb...
[12:32] {nemo} orders building up at .50 again
[12:32] {ese} will give the lunch hour more time to work
[12:33] {BillyD} I show EDGX 95 on .50 NABI...is this correct
[12:33] {Threei} yes
[12:33] {BillyD} ty
[12:33] {nemo} gold star Billy
06[12:34] * nemo slaps nemo around a bit with a large admonishment for patronizing comment
[12:36] {dino} hl l edu .96, stop lod
[12:40] {ese} l fitb .99
[12:41] {strider} See you guys in the morning....gotta run..
[12:41] {Threei} take care strider
[12:41] {ese} cya ST
[12:41] {nemo} c u strider
[12:41] {fernp} bye strider
[12:41] {strider} :)
[12:42] {Threei} QID reestablished
[12:42] {nemo} what, break of .40?
[12:42] {fernp} ,41 w/stop under .35
[12:44] {fernp} What is your stop on NABI? mine is .35
[12:44] {nemo} vad gave a range .30 .35 .40
[12:44] {nemo} depends on where I chicken out
[12:44] {fernp} lol
[12:45] {nemo} don't laugh at me...I'm sensitive...sniff
[12:46] {nemo} giddy up nabi
[12:46] {nemo} nabi wanna' cracker
[12:46] {Threei} gosh NABI, go to 5 already and help me with these whiners
[12:46] {fernp} Vad, where are your military boots?
[12:46] {nemo} then you can go home
[12:47] {Threei} putting them on
[12:47] {fernp} lol
[12:50] {fernp} ty ty Vad
[12:50] {Threei} okay... lol
[12:50] {fernp} now I'm sure, NABI isn't AGAM's brother
[12:50] {Threei} I am offering 4.80
[12:50] {Threei} one of these days I'll win against all these pesky scalpers
[12:51] {dino} pwrd to .60
[12:52] {nemo} guess we shoul have taken the lunch time scalp
[12:53] {dino} out pwrd .66, +.36
[12:55] {dino} edu stopped -.22
[12:55] {dino} hit/miss day for me
[12:58] {Threei} (US) Fed Chairman Bernanke: Progress is being made in putting a value on toxic assets - Q&A
[12:58] {Threei} - Analyzing systemic risk in the financial system as a whole presents enormous challenges.
[12:58] {Threei} - Banks may be systemically important even if they are not huge firms. Thus making banks smaller is not necessarily a solution to the "too big to fail" issue.
[12:58] {Threei} - Will not have a secure financial system until it is safe to let a large financial firm fail.
[13:00] {Threei} why does one need so many words to say "I have no idea what's happening, what to do and what's coming"
[13:00] {nemo} Greenspan school of public speaking
[13:01] {Threei} yeah but Greenspan looked and sounded like he had a clue
[13:01] {dino} why talk at all
[13:01] {Threei} even though we all know he didn't
[13:01] {nemo} and he was full of shit too
[13:01] {nemo} sorry
[13:01] {fernp} are you still in NABI, Vad?
[13:01] {fernp} or were you stopped when lost .50?
[13:01] {Threei} half in
[13:02] {Threei} stop under .35
[13:02] {Threei} this is new twist:
[13:02] {Threei} Banks may be systemically important even if they are not huge firms. Thus making banks smaller is not necessarily a solution to the "too big to fail" issue.
[13:02] {Threei} this opens whole new slew of possibilities
[13:03] {dino} it is called lobby money
[13:03] {Threei} yes, and it opens new door for voluntarism
[13:04] {Threei} under this pretense they get card blanche to decide at their own discretion who to deem important
[13:05] {fernp} so you didn't rose stop to b/e when 1:1 was reached on NABI
[13:05] {fernp} ?
[13:05] {Threei} no
[13:05] {Threei} this is momo stock
[13:06] {Threei} this is not technical
[13:06] {nemo} where's the momo?
[13:06] {Threei} it either will return or not
[13:06] {magoo} whats entry on NABI again?
[13:06] {fernp} ok, you are the boss :-)
[13:06] {nemo} .51
[13:06] {Threei} I am not aware of particular plac where it goes when it leaves
[13:07] {Threei} oh and btw,
[13:07] {Threei} who appreciated grand scale visual effects and good destruction, go see 2012
[13:08] {Threei} but if you need a plot with any credibility or wit, skip it
[13:08] {fernp} i'll go to watch it
[13:09] {Threei} one big plus vs War of the Worlds - kids are not too anoying
[13:09] {magoo} record box office open i think tho
[13:09] {Threei} 'cause the little girl in that one made me sympathize with aliens that wanted to eat her
[13:10] {Threei} I was almost saying "bon appetite"
[13:11] {nemo} oh oh, people trying to get out of nabi
[13:11] {Threei} what to try?
[13:11] {Threei} it's not like there is no bids
[13:12] {nemo} big order stacked up .48
[13:12] {Les} HGSI new high
[13:13] {nemo} disappeared
[13:19] {Threei} NLST is beyond this universe
[13:19] {Threei} when it dropped to around 5, I expected a bounce, but return to highs and making new ones?
[13:19] {magoo} tough tho...it takes the high by .03 cents then falls ,20 cemnts
[13:20] {Threei} oh,it's not a breakout one
[13:20] {Threei} most momos aren't
[13:20] {magoo} it took last high .84
[13:21] {magoo} look.87
[13:21] {magoo} then hits .47
[13:25] {ese} have to go...catch you all tomorow. More christmas shows to do.
[13:25] {fernp} bye ese
[13:26] {dino} cya es
[13:28] {Threei} take care ese
[13:29] {fernp} I should go to the doctor. I forgot that i bought CSCO when broke 24
[13:29] {fernp} and my 1:1 order was hit 20 minutes ago and I realize now
[13:30] {Threei} lol
[13:31] {fernp} I like this OCA orders :-)
[13:31] {dino} happens to me too fern
[13:31] {dino} pwrd drop
[13:33] {BillyD} WFC again
[13:36] {Les} rimm bounce?
[13:37] {Threei} leave it alone IMO
[13:38] {Threei} stock sits at lows while market makes new highs
[13:38] {Threei} why would you wnat it long
[13:38] {Les} cause I'm bored and looking for a trade?
[13:38] {Les} I know, I know, asking for trouble...
[13:38] {Threei} look for valid setups
[13:39] {Threei} not for something that is against market laws
[13:39] {Les} k
[13:39] {Threei} if you wantd a scalp for instance, WFC .50 break was it
[13:40] {Threei} but RIMM if anything is short
[13:40] {Threei} see?
[13:42] {magoo} we in anything?
[13:43] {nemo} nabi
[13:43] {magoo} OY
[13:43] {magoo} trades by appointment
[13:43] {nemo} yeah, didn't quite get my 1:1 so sitting on a loss
[13:44] {Threei} 5 cents?
[13:44] {nemo} .06
[13:44] {nemo} bad trading...should have taken the close scalp at lunch time
[13:45] {Les} so HGSI challenging previous high. This a break entry if it triggers?
[13:45] {Threei} not by me
[13:45] {Threei} no colnsolidation
[13:46] {magoo} read on APOL vader?
[13:46] {Les} but not a momo either?
[13:46] {dino} pwrd hl l .51
[13:46] {Threei} naaaah
[13:46] {magoo} to many symbols..u mean NAAH?
[13:46] {Threei} APOL is istless here mags... bounce soon probably but need life return to it
[13:47] {Threei} momo is very vvery different Les
[13:48] {nemo} why is nabi momo today...looking at chart it gapped up with everything else and has been hanging in a range
[13:48] {Les} can u please define it?
[13:49] {Threei} with everything elsew
[13:49] {Threei} ?
[13:49] {Threei} you see the size of the gap?
[13:50] {Threei} and volume?
[14:00] {Les} vad, can you read anything on this spike in STEC?
[14:00] {dino} ese blood again
[14:01] {Threei} break of 13.40 was valid long
[14:01] {Threei} right now, it's listless
[14:01] {dino} l .99 hl
[14:01] {nemo} long what dino?
[14:02] {Threei} (US) Fed's Fisher: Q3 GDP may be less than 3.5%; Q4 GDP will be positive; goal is the maintain the purchasing power of the USD
[14:02] {Threei} - Unemployment rate will remain 'painfully high' for much longer than is preferred
[14:02] {Threei} - "Extended period" wording creates potential for USD carry trade.
[14:02] {dino} ese
[14:03] {nemo} he left
[14:03] {Threei} rofl
[14:03] {magoo} in despair
[14:03] {Threei} dialog with deaf is kind of challenging dino, eh?
[14:04] {dino} the sysmbol
[14:04] {dino} symbol ese
[14:04] {nemo} I know...yukyukyuk
[14:04] {dino} sssssssssslllllllllllllllllaaaaaaaaaaaaaaaaaapppppppppppppppppppppp
06[14:04] * nemo deserves it
[14:06] {BillyD} this slow afternoon pace has kept me out of a couple that have worked
[14:07] {Threei} slow pace does make read tough
[14:08] {BillyD} chart setup is good but who knows if get any follow thru w/ mkt help
[14:08] {BillyD} wasn't worth the risk I guess
[14:08] {BillyD} to find out
[14:09] {Les} i made profitable mistake earlier on hgsi, although am reluctant to call it a trade.
[14:09] {Les} shorted - covered with -.20 loss
[14:09] {Threei} lol
[14:09] {Les} doubled down and went long
[14:09] {Threei} then found out you bought and sold?
[14:09] {Les} and forgot about it...
[14:10] {Les} out with net gain +.25
[14:11] {Les} dinner time, putting kids to bed. not time to be trading...
[14:11] {Threei} ugh
[14:12] {Threei} how did I miss RGLD consolidation under .40
[14:12] {magoo} arguing with nemo is how.......
[14:13] {dino} they had quite the move, golds should be short soon, imo
[14:13] {nemo} bs
[14:13] {Threei} not really, I argue with nemo automatically
[14:13] {Threei} I mean, he says something, I argue
[14:13] {Threei} pure reflex
[14:13] {magoo} oh, as in multi-task?
[14:13] {Threei} not a task at all, like breathing
[14:14] {Threei} there is air - you breathe
[14:14] {Threei} there is nemo - you argue
[14:14] {magoo} plus its enjoyable
[14:14] {nemo} sniff
[14:15] {magoo} are u still thhinking about throwing him out of room vad/
[14:15] {magoo} OOPS
[14:15] {Threei} no, I changed to dropping out myself
[14:15] {nemo} mags...then who will he argue with?
[14:15] {Threei} lol
[14:15] {BillyD} lol
[14:16] {nemo} think mags is feeling left out Vad?
[14:17] {Threei} who knows... I've long goiven up on decding his psyche
[14:17] {Threei} decoding
[14:17] {nemo} I got it
[14:25] {magoo} tell u what lately..vad hands out trout like he's paying for them
[14:25] {nemo} hehehehehe
[14:25] {Threei} lol
[14:27] {Threei} this makes me feel much better:
[14:27] {Threei} English were doin' fine til the gramer guys & lexicogigraphers got ahold of it
[14:27] {Threei} (sorry Raven)
[14:27] {BillyD} Vad, is overall volume normally down this much for this time of year
[14:27] {Raven} np
[14:28] {Threei} no, not really Billy
[14:28] {Threei} Oct and Nov are usually good volume months
[14:28] {BillyD} Kind of what I remember
[14:28] {Threei} but, can tyou remember any single year that would see such developments
[14:29] {Threei} huge drop, then just as huge recovery
[14:29] {BillyD} very true
[14:29] {Threei} and ever since Septmeber, slow climb at what seemed to be the end of the rally
[14:29] {dino} lot of people threw in towel w/markets, imo
[14:29] {BillyD} thr gradual grind up
[14:29] {Threei} smell of roasted bear meet becomes unbearable
[14:30] {Threei} ummm... pun not intended
[14:32] {Les} hgsi. 15 min chart. what a short squeeze!
[14:32] {Threei} fooled premature shorts, didn't it
[14:33] {Les} difference between me now and one month ago is that i'd be suffering terribly a month ago...
[14:34] {Threei} would have shorted it and sat on a loss?
[14:34] {dino} out pwrd .77, +.26
[14:34] {Les} yep
[14:35] {Threei} this is the worst thing you can do to yourself...
[14:35] {Les} damn. did that too many times...
[14:35] {Threei} ad one single thing that ir responsible for the most traders put out of business
[14:35] {Les} it's a mantra easy to say but difficult to practice: take the stop, take the stop...
[14:36] {Threei} till certain moment, yes
[14:36] {Threei} then something clicks
[14:36] {Threei} it becomes so ingrained
[14:36] {nemo} yeah...too much pain and suffering
[14:36] {Threei} and a few weeks later you just can't believe you even had any problems with it
[14:37] {Les} I'm not there yet, but it is getting easier
[14:37] {dino} esc hl l .02, stop lod
[14:37] {Les} will stay with paper trades until it becomes automatic
[14:37] {Threei} read the blog article on why we don't keep stops, les?
[14:37] {Threei} if not, please do
[14:37] {Threei} if did, reread
[14:38] {Les} link please
[14:38] {dino} hmmm ibkc
[14:38] {nemo} nabi slipping
[14:38] {Threei} http://www.realitytrader.com/blog/2007/05/stops-why-dont-we-keep-them.html
[14:40] {ilana} 13:36 Threei then something clicks
[14:40] {ilana} i think i got this click today
[14:40] {Threei} good
[14:40] {nemo} stopped pos nabi
[14:40] {ilana} les, it took me 2.5 weeks,
[14:41] {ilana} i hoper there is no way back
[14:41] {ilana} hope
[14:41] {dino} exel
[14:41] {Threei} when you start taking stops as they are hit with no thinking at all, eay and with no hard ffeeling, and forget about them in seconds - this is it
[14:41] {ilana} right on
[14:42] {Threei} a few weeks later look back at the times when you used to hold the loss for days, tortured and unable to think of anything else, and you will be like:
[14:42] {Threei} why did I do that to myself?
[14:43] {ilana} amazing feeling, though
[14:43] {Threei} liberty
[14:43] {ilana} total control in your hands
[14:43] {Threei} being in control, yes
[14:43] {Threei} no more this overwhelming ofrce above you
[14:43] {Threei} force
[14:43] {dino} missed stops eat at your soul
[14:44] {Threei} wow... that's deep
[14:44] {ilana} yup, no stop's slave anymore
06[14:44] * Threei goes back to navel-gazing
[14:47] {Threei} RIMM
[14:47] {Threei} looks like done dropping
[14:47] {Threei} recovery is better chance now
[14:47] {ilana} just was typing" missed .45 entry" lol
[14:47] {Threei} Long Setup: RIMM .55 break
[14:48] {nemo} stop under .45?
[14:48] {Threei} this pullback will show the stop placement
[14:48] {Threei} hopefull it's .45, yes
[14:48] {nemo} old resistance becomes new support
[14:48] {Threei} invalidation is under .40
[14:48] {Threei} oh come on... I can't argue with that
[14:49] {Threei} what are you doing to me?
[14:49] {nemo} O.k. argue with this. "Vad is a very nice fellow."
[14:49] {Threei} with this I can
[14:49] {nemo} invalimudated
[14:49] {Threei} yes
[14:49] {Threei} I am far from nice
[14:49] {nemo} damn convincingly too
[14:49] {Threei} nice and I do not exchange postcards on Christmas
[14:53] {magoo} we in anything boss?
[14:54] {Threei} no, unless you are holding NABI
[14:54] {ilana} shorted RIMM on this pullback, +0.1
[14:55] {magoo} nah
[14:58] {Threei} (US) Fed's Fisher: Carry trade usually "ends in tears"; expects MBS/UST spreads to widen as Fed purchases wind down
[14:58] {Threei} - Recovery depends on growth in corporate revenues.
[14:58] {Threei} whose tears?
[15:01] {dino} croc tears
[15:03] {nemo} amzn weak today
[15:04] {Les} covered a hgsi short at .65, +.20
[15:04] {dino} gj
[15:05] {ilana} gj Les
[15:05] {dino} cf
[15:06] {ilana} RIMM 0.34 break, long?
[15:07] {nemo} volume not increasing on this rise
[15:07] {ilana} exactly
[15:07] {dino} lny hl s .00
[15:07] {ilana} according to TTR method
[15:08] {nemo} kinda, see that pullback, volume should be lower than previous low, but there's been no increase in volume on the return to the swing high
[15:09] {nemo} see what I mean, no buying strength
[15:09] {ilana} yup
[15:10] {Les} hgsi rolling over again
[15:10] {nemo} now market tanking ilana, so volume pick up with market help could be a break
[15:11] {nemo} coul also be a short below .22
[15:14] {Threei} US Postal Service: Will not raise prices on first class, standard mail, or other dominant market products in 2010
[15:14] {Threei} - The 2010 plan, which estimates a revenue decline of $2.2 billion, a net loss of $7.8 billion, cost reductions of more than $3.5 billion and a reduction in mail volume of 11 billion pieces for the year, is based on the assumption that there will be no change in the number of delivery days per week, and no change in the current retiree health benefits payment schedule.
[15:15] {Threei} Short Setup: HGSI .60 break
[15:15] {Threei} if stays below .70
[15:16] {Les} haha didn't see your call and I took the trade. am I finally in sync?
[15:16] {Les} for once
06[15:17] * nemo slaps Les around a bit with a large daytrading course
[15:17] {BillyD} lol
[15:17] {Les} that hurts
[15:20] {BillyD} out ty
[15:20] {Threei} 1:1
[15:20] {fernp} ty very much Mr Graifer
[15:20] {nemo} whoa
[15:20] {Threei} you are so very welcome
[15:20] {nemo} you're being nice
[15:20] {fernp} .)
[15:20] {Threei} OK... since when we are THIS nice?? :)
[15:21] {dino} esc stopped -.23
[15:21] {nemo} what we?
[15:21] {fernp} the world is changing Vad
[15:21] {Threei} hmmm... not to the best I see
[15:21] {nemo} scalpers win again
[15:22] {fernp} Obama's fault
[15:22] {nemo} another low volume day
[15:23] {Threei} in my world nod is expression of eternal love
06[15:23] * nemo slaps nemo around a bit with a large IDIOT stick!!!
[15:23] {Threei} shot in the head equals "well, you are mistaken about that"
[15:23] {magoo} meridith is tanking the markets here
[15:24] {nemo} what she say?
[15:24] {Threei} Meredith Whitney: "Have not been this bearish in a year", reiterates that banks will raise capital again - CNBC
[15:24] {Threei} - believes banks will go back to tangible book value
[15:24] {Threei} - feels that Bernanke did not say enough in speech today; including how to exit programs even though they are almost finished
[15:24] {Threei} - comments that does not feel that banks are well capitalized; feels there is another leg to go in commercial real estate
[15:24] {Threei} - notes that most banks assume that housing prices will not go down from here, and that unemployment will reach 10% in 2010 and have already reached that leve
[15:25] {BillyD} I agree with her on commercial real estate downward at least here in AZ
[15:26] {Les} bear flag on HIG?
[15:27] {Threei} most likely
[15:27] {Les} lets kill it
[15:27] {nemo} sell 500k shares, that should do it
[15:27] {Threei} lol
[15:28] {Threei} if market reverses down again, .30 break
[15:28] {Threei} sorry, .20
[15:28] {fernp} LNCR
[15:28] {Threei} LNCR Weisel Raised LNCR to Overweight from Market Weight (timing uncertain)
[15:28] {Threei} lol
[15:28] {magoo} hig vad?
[15:28] {Threei} yes mags
[15:29] {Threei} stop above .30
[15:29] {nemo} mmmhhh, amzn holding
[15:34] {fernp} What happened with NABI? are u going to hold overnight?
[15:35] {Threei} not me
[15:35] {nemo} stop was .35 fern
[15:35] {Threei} it touched under .35
[15:35] {fernp} ahh!, sorry
[15:35] {Threei} had it held around .50, I would take it
[15:37] {dino} ese to .25
[15:38] {dino} edu hl l break .50
[15:38] {nemo} Ilana, look at dino's stoc ese
[15:38] {ilana} just looking
[15:38] {nemo} soo the volume on the 2nd bottom
[15:39] {ilana} right lol
[15:39] {nemo} then the rop in volume on the minor pull back into resistance
[15:39] {nemo} and then the increase in volume as it broke that level
[15:39] {nemo} excuse me pullback into support
[15:40] {ilana} can you specify the time of this volume increase?
[15:40] {nemo} 3:00
[15:40] {dino} to .35
[15:41] {nemo} as the price increased, so did the volume
[15:41] {ilana} ok
[15:41] {dino} out slip ave .34, +.35
[15:42] {ilana} and it didn't at 15:32
[15:42] {nemo} according to my chart it did
[15:42] {ilana} really?
[15:43] {nemo} yes, volume increased from 3:30-3:33
[15:46] {BillyD} vad, you out Hig?
[15:46] {Threei} 1:1, yes
[15:46] {BillyD} ok, was thinking of shorting into this bounce
[15:46] {Threei} fern caused a few too many bruises on me as a chief scalper
[15:46] {BillyD} but not sure
[15:46] {Threei} I stopped fighting the destiny
[15:47] {Threei} if one is born as scalper - one should scalp
[15:47] {fernp} scalp is the safer way to trade this market :-)
[15:47] {nemo} yeah, and use a rusty knife
[15:47] {dino} nothing wrong w/scalping
[15:47] {nemo} don't forget to salt it
[15:47] {dino} whatever pays the bills
[15:48] {Threei} ok, the world ends
[15:48] {Threei} and long before 2012
[15:48] {Threei} I mean, all my trading life I defended scalping as trading style against zillion of disbelievers
[15:49] {Threei} now you guys convince me scalping is good? :)
[15:49] {nemo} making money=good
[15:49] {dino} costazza market 3i
[15:49] {Threei} no really?
[15:49] {nemo} you didn't know
[15:49] {Threei} nemo... you are on a very very dangerous ground
[15:50] {nemo} Wouldn't have it any other way :)
[15:50] {nemo} should I go to my cave?
[15:50] {Threei} the title of captain obvious is the last I have ever since fern overtook as a scalper
[15:50] {Threei} and it's under attack from each and every angle as it is
[15:50] {nemo} oh...sorry, I forgot how close to your heart that is
[15:50] {Threei} every talking head out there competes for it
[15:51] {Threei} et tu brut??
[15:51] {nemo} Ides of November dude
[15:51] {dino} lol
[15:51] {nemo} or rimm break of ...sob
[15:52] {nemo} see volume increas into that break of .10 Ilana
[15:52] {nemo} on Rimm
[15:52] {ilana} yes
[15:52] {nemo} there you go, break volume set up
[15:53] {ilana} got it, thx nemo
[15:53] {nemo} wish I did :(
[15:54] {ilana} what?
[15:54] {nemo} I saw it as it broke, didn't grab it...sniff
[15:54] {Threei} he wishes he took the trade Ilana
[15:54] {Threei} this is nemo, you see
[15:55] {nemo} yes...
[15:55] {Threei} you need a years of practice to understand what he is saying
[15:55] {nemo} To trade, or not to trade, that is the question
[15:55] {Threei} alas, poor Yorik
[15:55] {ilana} lol
[15:55] {nemo} I knew him well...before I killed him
[15:56] {ilana} remembered something...
[15:56] {Threei} Frailty thy name o scalper
[15:56] {nemo} Where wolf....
[15:56] {nemo} There castle...
[15:56] {Threei} frikin NABI
[15:56] {Threei} it was a buy at .35, lol
[15:57] {nemo} oh jeez, I would have almost broke even
[15:57] {BillyD} NABI was a little toughy....pace changes and too many supports to pick from
[15:57] {Threei} true
[15:57] {Threei} tomorrow it will hap to 5 and we be crying
[15:57] {BillyD} yup....just like NLST
[15:58] {nemo} amzn very weak today folks. down 1.60 on big up day, could be fun short if tomorrow a weak day
[15:58] {Threei} okay guys, not stellar but not bad for mOnday
[15:58] {Threei} yes nemo, let's watch it for short
[15:58] {BillyD} thx Vad cya
[15:58] {fernp} good evening ladies and gentlemen. Have been a pleasure trading with all of you today. Love and peace to all. LOL
[15:58] {Threei} could be one of first really good reversals as market finally tops
06[15:58] * nemo slaps fernp around a bit with a large trout
[15:59] {ilana} gn
[15:59] {Threei} oh boy
[15:59] {Threei} what's going on with fern
[15:59] {fernp} honey, What the hell had this cup. It wasn't coke? LOL
[15:59] {Threei} rofl
[15:59] {fernp} see you all tomorrow
[15:59] {dino} ouit edu -.08
[15:59] {Threei} thank you all
[15:59] {nemo} buenos noches
[15:59] {Threei} have a great evening
[15:59] {Threei} see you tomorrow
[15:59] {Les} ty. nighty night
[15:59] {nemo} gonna' do a curtain call Vad?
[15:59] {nemo} Encore encore
[15:59] {Threei} what's that?
[16:00] {nemo} just slap me
[16:00] {Threei} nope
[16:00] {Threei} I have this feeling
[16:00] {nemo} Oh you're so nice Vad
[16:00] {Threei} you like it too much
[16:00] {nemo} masochism just the other side of sadism
[16:00] {Threei} sure
[16:00] {Threei} but I decided not to oblige
[16:00] {nemo} what's not to enjoy
Monday, November 16, 2009
Friday, November 13, 2009
Nov 13 2009
Not overly active but profitable day. Market stayed locked in narrow range not providing much, but those scalps we found made it worthwhile nonetheless. Read the little educational blurb starting at 13:19 to get the most out of today.
Session Time: Fri Nov 13 00:00:00 2009
[08:02] {nemo} $ got pummeled over night
[08:04] {BillyD} morning nemo and all
[08:05] {Threei} morning starts with hard to bear news:
[08:05] {Threei} RU) Russian Duma Parliament passes final beer tax
[08:05] {Threei} **On Nov 6, Russian Duma passed new beer tax in first of 3 readings. The Bill was to raise excise tax by 50% in 2010-2012 period
[08:16] {Threei} BLTXX Baltic Dry Bulk Index +4% (12th straight gain)
[08:18] {Threei} (US) Preview: Sept Trade Balance due out at 8:30amET (13:30 GMT)
[08:18] {Threei} **consensus expectation: -31.8Be v -30.7B prior
[08:29] {Threei} US) SEPT TRADE BALANCE: -$36.5B V -$31.8BE
[08:29] {Threei} - Prior revised from -$30.7B to -$30.8B
[08:30] {Threei} US) OCT IMPORT PRICE INDEX M/M: 0.7% V 1.0%E; Y/Y: -5.7% V -5.5%E
[08:36] {ese} good morning.......
[08:36] {ese} nothing like a good swift kick off the board to get ya going
[08:36] {nemo} dude
[08:36] {ese} dude
[08:37] {Threei} ese :)
[08:38] {fernp} Good morning everybody
[08:38] {ese} fern
[08:38] {Threei} fern :)
[08:39] {nemo} oh, merde...friday the 13th
[08:40] {ese} ahhhhhh your right....expect the unexpected
[08:40] {fernp} two very bad news this morning...
[08:40] {fernp} i've lost my cellular and
[08:40] {ese} like gmcr up $1.60
[08:40] {fernp} 14:05] {&Threei} RU) Russian Duma Parliament passes final
[08:40] {fernp} beer tax
[08:40] {Threei} tough day
[08:41] {ese} auch du miya!!!!!!!!
[08:41] {ese} we can't live through this.........
[08:41] {fernp} i need your winning calls, Vad
[08:41] {nemo} well, here in Mass...half, or more of the price of alcohol is tax...well, they just added alcohol to the list of items for which you have to pay sales tax.
[08:41] {ese} we have to feel ferns pain.........
[08:41] {nemo} since half the cost is tax anyway, you're paying tax on a tax
[08:41] {Threei} ese, there is more...
[08:41] {Threei} ESE Brean Murray Cuts ESE to Hold from Buy
[08:42] {BillyD} It's ok ese, it really means they see value in you
[08:42] {ese} all right everyone......everyone on a plane to Seatle we all congregate at Jazz Alley int minus 5 hours......drinking starts in t minus 5 hours and one minute
[08:42] {BillyD} analyst downgrade to buy more
[08:43] {nemo} ese dcc
[08:43] {Threei} isn't it raining like crazy over there ese?
[08:46] {ese} it's raining but not too bad yet
[08:47] {ese} do we need to send the ark over to your place vad?
[08:47] {fernp} hot and sunny here. dont remember when was last time I saw raining
[08:47] {ese} where you livin fern?
[08:48] {fernp} Sevilla - Spain
[08:48] {Threei} no need for ark yet... but the thought is appreciated
[08:48] {ese} no sh&^&.....
[08:49] {ese} what time is it there.......2 in the afternoon
[08:49] {strider} morning all.
[08:49] {strider} RINO
[08:49] {ese} ST
[08:49] {fernp} yes, 2:49pm
[08:49] {strider} ese:)
[08:49] {ese} cool......siesta time?
[08:50] {fernp} at 3:30pm siesta time YESSSS
[08:51] {ese} my wife wants to get to spain to learn how to do paella....and if i keep making money were gonna make that trip
[08:51] {fernp} are you going to travel to spain only to learn how to do a paella?
[08:52] {fernp} I will send u some videos, ese
[08:52] {ese} for her....me to drink
[08:52] {fernp} that's ok
[08:52] {ese} please do
[08:52] {Threei} strider :)
[08:53] {ese} were going to be in Italy in March........how long does it take to get to Sevilla
[08:53] {strider} morning 3i
[08:53] {ese} from Milan area
[08:54] {fernp} an hour and half. I've been in Roma 10 days last month
[08:54] {ese} ahhhhhhhh
[08:55] {ese} fern ....we could be doing a beer in an outdoor cafe somewhere
[08:55] {fernp} whenever you want
[08:55] {ese} we'll team up and try to out-trade vad from spain..........
[08:57] {strider} nemo...been looking more thoroughly at finviz.com. that's a hell of a site. Thanks for turning me on to it.
[08:58] {nemo} yw
[08:58] {ese} what is that nemo?
[08:58] {bkhmd} morning all
[08:58] {Threei} bkh :)
[08:58] {strider} I bet they'll go to subscription for it soon enough.
[08:59] {ese} BK
[08:59] {bkhmd} what news will affect the market today
[08:59] {bkhmd} Trade balance?
[08:59] {bkhmd} hhave any effect?
[09:00] {bkhmd} Mich Sentiment maybe?
[09:00] {Threei} no reaction whatsovere at the time of news comin out
[09:00] {Threei} trade balance I mean
[09:01] {Threei} slight climb since then but market was climbing before too
[09:01] {BillyD} Vad, NLST continuation maybe from yesterday
[09:01] {bkhmd} nice gap JCP
[09:03] {Threei} tough read billy
[09:03] {BillyD} thinking scalp if momo hits
[09:03] {Threei} I was watching it yesterday... slow climb
[09:03] {Threei} the kind where you have nothing to hang your hat onto
[09:04] {BillyD} ok, then less desirable
[09:04] {BillyD} except the 1.00 support area
[09:04] {nemo} wow, very low volume for this time of the premarket for fcx and aig and rimm!
[09:10] {lasertrev} good morning
[09:10] {Threei} trev :)
[09:13] {magoo} dlhjhdaA
[09:13] {Threei} magoo :)
[09:13] {nemo} magus :)
[09:13] {ese} *^&^%hip da jour da jip&^&^
[09:16] {nemo} mags...meds
[09:17] {strider} RUE, IPO trading at 10:40
[09:19] {magoo} what u watching vad?
[09:19] {Threei} RUE
[09:19] {Threei} a fast growing specialty apparel retailer offering the newest fashion trends for girls and guys at value prices. We operate over 500 stores in 43 states. Our merchandise is designed to appeal to 11 to 17 year olds. Revenues over the prior 12 months reached $450M. - lead underwritters BofA/Merrill Goldman Sachs JP Morgan
[09:19] {Threei} there is nothing overly exciting so far mags
[09:21] {tomg} good morning
[09:21] {ese} tom
[09:21] {Threei} tom :)
[09:21] {bkhmd} morning tom
[09:22] {bkhmd} designed to appeal to 11 to 17 year olds
[09:22] {bkhmd} ?
[09:22] {bkhmd} lol that age group has the biggest unemployment lol my wife and I were laughing at the unemployment numbers for teenagers
[09:23] {bkhmd} in her country teens dont work at all it was funny to her to see unemployment numbers for teen
[09:23] {dino} gm all
[09:23] {Threei} dino :)
[09:23] {bkhmd} morning dino
[09:23] {ese} dino
[09:24] {ese} gmcr up a buck from yesterday.....you hold any of it
[09:24] {dino} tstc rino
[09:25] {dino} jwn
[09:25] {dino} anf
[09:26] {dino} jcp bad is good i guess
[09:28] {nemo} fcx looks like a bear flag
[09:28] {strider} CRM gap, upgrade
[09:29] {nemo} oh well..82.10 important level
[09:31] {Threei} Long Setup: RIMM 63 break
[09:31] {Threei} stop under .90
[09:32] {strider} in. 97
[09:32] {strider} ,97
[09:33] {Threei} nope
[09:33] {Threei} market sharp drop killed it
[09:34] {Threei} a bit too volatile, gotta wait it out
[09:35] {dino} pwrd -2 bucks again
[09:37] {Threei} JOYG interesting
[09:38] {Threei} nice pullback
[09:38] {bkhmd} nice spread lol
[09:38] {magoo} stec drop vad
[09:39] {magoo} GMCR big drop vad
[09:39] {magoo} 2 points
[09:39] {ese} L cy .35 ousy fill
[09:40] {dino} ese
[09:40] {dino} stock ese
[09:41] {bkhmd} Magoo what is spread on GMCR?
[09:41] {bkhmd} is my L2 off?
[09:41] {Threei} STEC starts looking interesting
[09:41] {dino} ese at march lows
[09:41] {ese} out cy .42 +.07
[09:41] {Threei} Long Setup: STEC .95 break half lot
[09:41] {Threei} if stays above .80
[09:41] {dino} -$5
[09:42] {Threei} BCRX Hearing renewed takeover chatter circulating (12.38, +0.29, 2.40%)
[09:42] {ese} sory dino what stock you referring to
[09:42] {dino} ese
[09:42] {ese} ahhhhhh
[09:42] {dino} confusing
[09:42] {ese} yes
[09:43] {ese} couldn't figure out wht the &*^% you wanted
[09:43] {ese} funny
[09:43] {dino} lol
[09:43] {dino} entry area?
[09:44] {dino} feels like a test coming
[09:45] {ese} ahh thats why....cy guides higher.....
[09:46] {Threei} STEC modification
[09:46] {Threei} .85 break
[09:46] {Threei} if stays above .75
[09:46] {ese} at resistance pt 9.50,,,,,,,,,get through that and it will shoot up
[09:46] {magoo} rimm getts ready too vad..look
[09:46] {dino} cedc hl l .98
[09:46] {Threei} .30 break RIMM
[09:47] {ese} based on that knowledge l again sm .43
[09:47] {ese} cy thats is
[09:48] {Threei} STEC modification
[09:48] {strider} +.12 RIMM
[09:48] {BillyD} out RIMM ty
[09:48] {Threei} invalidated
[09:48] {ese} nice litle 1 min consolidattion here at .41 to .43
[09:49] {ese} just giva meah....zeeeeee little pop uup
[09:49] {Threei} NLST just won't quit
[09:49] {ese} rats it poped dn
[09:49] {BillyD} yeah, missed it
[09:49] {ese} zisss is zeeeeee funny game no?
[09:49] {magoo} AGO mental
[09:50] {magoo} AIG
[09:50] {Threei} yeah, what else is new
[09:51] {dino} ioc
[09:52] {strider} PWRD?
[09:53] {ese} vad...could you check you L2 for me on CY......whats at .43 ish area
[09:53] {Threei} Long Setup: RIMM .50 break half lot
[09:53] {ese} when you get a chance
[09:53] {Threei} if stays above .35
[09:54] {Threei} invalidated
[09:54] {BillyD} RIMM spikey
[09:54] {BillyD} I think I will stay away for a bit
[09:54] {Threei} *NOV PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 66 V 71.0E
[09:54] {Threei} - 1 yr median inflation expectations at 2.8% v 2.9% Oct final.
[09:54] {Threei} - 5 yr median inflation expectat...more... (related SPY SHY EUR/USD )
[09:54] {Threei} this is why
[09:54] {BillyD} mkt spikey
[09:55] {bkhmd} market pushed it down ohhh myyyy
[09:55] {BillyD} yeah
[09:55] {dino} snizzle
[09:56] {nemo} I need dramamine for this market
[09:56] {ese} stopped CY .32 -.11
[09:56] {ese} buggar....blind sidded by the lippin market again
[09:57] {ese} flippin
[09:57] {Threei} AIG sharp pullback too
[09:57] {nemo} I'm taking scalps out of RImm on the downside
[10:01] {magoo} AIG xmas tree pattern vad
[10:01] {strider} long JWN .34
[10:02] {Threei} other than pretty colors, I am not sure how it usually resolves mags
[10:03] {dino} ioc whoa
[10:03] {magoo} ever notice..on pattern its always green on left and red on right?
[10:04] {Threei} isn't it by definition?
[10:04] {Threei} otherwise the tree would be upside down
[10:04] {nemo} we'd be in china
[10:04] {magoo} gotcha:)
[10:06] {dino} lol magoo
[10:07] {ese} L cy .30
[10:08] {dino} hl l esc .88 gappy
[10:09] {BillyD} STEC maybe short setup
[10:10] {BillyD} any read Vad
[10:10] {BillyD} STEC short
[10:11] {strider} stop JWN. 20, -14
[10:11] {Threei} not sure
[10:11] {nemo} market's due for a turn
[10:12] {BillyD} can't get any clarity on it
[10:12] {nemo} big volume spike on stec
[10:13] {nemo} .40 is pivot support
[10:14] {dino} ese sm l .25 risky
[10:14] {dino} forgit about it
[10:15] {nemo} yeah, betting on ese...tsk
[10:15] {nemo} somebody pull the plug on the market?
[10:15] {ese} man thats weird to see....somebody going long me
[10:16] {BillyD} URBN
[10:16] {BillyD} can't tell if salmon
[10:18] {Threei} .short qid .05 break
[10:18] {Threei} Short Setup: QID .05 break
[10:18] {dino} fwiw stops, cedc .72, esc .57, ese .93
[10:19] {dino} just figure .30-.36
[10:19] {Threei} if stays under .10 for hard core scalpers, .15 for daytraders
[10:19] {ese} vad you there....L2 cy .....whats at .38 for offer
[10:19] {Threei} just about 1600 shares ese
[10:19] {Threei} nothing extraordinary
[10:20] {ese} hmmmmmmm doesn't want to break throgh there
[10:20] {Threei} 1:1 for hardcore
[10:20] {Threei} reserve then
[10:20] {ese} tks
[10:20] {Threei} yeah
[10:20] {dino} leave the porn out of it vad
[10:20] {Threei} ARCA or INCA reserve
[10:20] {fernp} ty
[10:20] {BillyD} out ty Vad
[10:20] {Threei} 1:1 for day traders
[10:20] {dino} giddy-up
[10:21] {Threei} good to see this one working, very clean setup
[10:21] {BillyD} yeah, hard to find
[10:23] {dino} esc tom flat
[10:23] {Threei} CY, this is great illustration to how useless Level 2 is as a directional tool
[10:23] {ese} quote freeze....cy please
[10:23] {strider} RINO?
[10:24] {Threei} .37 had tons of shares, .38 almost none
[10:24] {dino} 9.33
[10:24] {dino} 27.10
[10:24] {Threei} 9.32 x .33
[10:24] {ese} tks
[10:24] {Threei} upticks
[10:24] {ese} don't know whta the H is going on here
[10:24] {Threei} I'll tell you ese...
[10:24] {ese} tks
[10:24] {Threei} you are not eschewing ambiguity properly
[10:25] {dino} we shipped our east coast issues to mid west
[10:25] {ese} lol
[10:25] {ese} we appreciate that....glad to help out.
[10:25] {ese} still frozen
[10:25] {ese} cy please
[10:25] {Threei} and that's preventing you from embracing that much coveted clairvoyance
[10:25] {Threei} .37 x .38
[10:26] {ese} tks
[10:26] {dino} i don't understand monkey
[10:26] {ese} shutting Fing computor dn....see you in a minute
[10:27] {dino} esc stopped flat
[10:28] {patience} .
[10:30] {dino} ese stopped -.32
[10:31] {strider} somebody had to stop him, dino
[10:32] {dino} cf drop
[10:32] {dino} lol
[10:33] {dino} ouch ese stopped then bounces .50
[10:36] {ese} back cy please......still frozen
[10:36] {ese} am phone broker
[10:36] {ese} phoning
[10:36] {Threei} .36 .36
[10:36] {Threei} .37
[10:36] {patience} ese, my quote feeds is frozen as well
[10:36] {ese} tks
[10:36] {dino} tstc
[10:37] {ese} interent dn in our area then
[10:37] {ese} internet
[10:37] {Threei} I guess you broker rather
[10:37] {Threei} everything's fine here
[10:37] {patience} don't know....i have 2 brokers running....one located in toronto, the other in montreal
[10:37] {ese} we use different brokers
[10:37] {patience} toronto is fine, montreal isn't
[10:38] {fernp} if your internet is down you couldn't log in this room
[10:38] {Threei} .40 .41 ese
[10:38] {ese} tks
[10:38] {dino} maybe he is not here fern
[10:38] {ese} i have 8k of this at .30...... this is not pleasant
[10:39] {Threei} why can't they get you out over the phone??
[10:39] {ese} am calling now
[10:40] {ese} quote please
[10:40] {fernp} ese, in this page http://batstrading.com/home/ you have a mini level 2, you can use to check qutes
[10:40] {Threei} .37 x .38
[10:41] {ese} F*&^&*^% they hung up on me
[10:41] {bkhmd} what broker?
[10:42] {Threei} what???
[10:42] {Threei} I'd be out of there befofre the day ends
[10:42] {bkhmd} anyone know which broker he uses?
[10:43] {dino} cf hl l .95 stop .67
[10:43] {Threei} some canadian piece of crap bkh
[10:43] {bkhmd} k
[10:43] {Threei} why are you so excited about that? :)
[10:43] {bkhmd} me?
[10:43] {ese} cy please
[10:43] {Threei} yeah
[10:43] {Threei} still .37 x .38
[10:43] {ese} tks
[10:44] {bkhmd} I missed the QID trade never filled I will search new broker after i return from a trip next week
[10:44] {bkhmd} happens too often no fill
[10:44] {Threei} I told you from the get go, trade station is not a day trading broker
[10:44] {bkhmd} i was asking to ensure i didnt call on them
[10:44] {Threei} let alone scalping
[10:45] {bkhmd} yes i am starting to agree
[10:45] {dino} like listening to my brothers kids playing cards here
[10:45] {bkhmd} had alot time and money invested wanted to wait it out to see if improved
[10:45] {ese} i'm on hold
[10:45] {ese} cy please vad
[10:45] {Threei} .36 .37
[10:46] {Threei} on hold with trading desk... sheesh
[10:46] {ese} yes
[10:46] {Threei} this is as bad as it gets
[10:46] {dino} familiar es, chuck never picks up
[10:47] {Threei} you phone trading desk and scream like 17 years old schoolgirl on the rock concert "get me out NOW" - real daytrading broker has just one question for you, aside form identifying you: "WHICH STOCK?"
[10:47] {ese} cut off again.......patience......whats happening with you
[10:48] {Threei} next thing you know, click, you are out
[10:48] {patience} i have a buy order in with tradefreedom...hasn't been filled even though price is at limit offer
[10:48] {Threei} RUE opened
[10:49] {ese} quest trade and trade freedom use the same platform......is your platform up at least
[10:49] {ese} quote please vad cy
[10:49] {patience} yes, but no quotes, i'm getting them from tdwaterhouse
[10:49] {patience} i also have realtime stockcharts
[10:49] {strider} cy .35 .36
[10:50] {dino} 9.36 a
[10:50] {fernp} CY 35 x 36
[10:50] {ese} tks
[10:50] {fernp} now .36 .37
[10:50] {ese} searching net for live quote feed
[10:50] {fernp} http://batstrading.com/home/
[10:50] {nemo} freestockcharts.com ese
[10:50] {patience} ok, my order shows rejected because communication line is down
[10:51] {ese} has to be our area
[10:51] {strider} www.freestockcharts.com
[10:51] {bkhmd} bad weather up there?
[10:51] {ese} not really
[10:51] {lasertrev} laser is also having a few quote issues today, will give you a update when i get more info
[10:52] {Threei} looks fine here
[10:52] {strider} issues, as in sticking/wrong/none?
[10:52] {nemo} yeah...first day LASER has been o.k. in a week
[10:53] {lasertrev} a few traders have had slow quote updates
[10:54] {strider} .38 .39
[10:55] {ese} tks ST
[10:55] {Threei} Short Setup: AIG .60 break if stays under .70
[10:56] {ese} busy signal......
[10:57] {fernp} CY .37 .38
[10:57] {strider} Vad, AIG looks like a c&h to me. up market. why short here?
[10:58] {Threei} AIG more often fails such formation than follows them
[10:58] {dino} ttek hl l .50
[10:58] {gnslng} .
[11:00] {Threei} 1:1
[11:00] {BillyD} out ty vad
[11:00] {fernp} ty
[11:00] {bkhmd} ty
[11:00] {ese} ok have quotes
[11:00] {Threei} nice and easy
[11:00] {dino} cf to .50
[11:00] {ese} but can't trade
[11:00] {strider} Vad, AIG looks like a c&h to me. up market. why short here?
[11:00] {dino} out cf .49, +.54
[11:00] {strider} sorry. hit wrong button. vad.
[11:00] {Threei} [10:58] {Threei} AIG more often fails such formation than follows them
[11:00] {BillyD} lol
[11:01] {strider} yeah.
[11:01] {Threei} :)
[11:01] {strider} out +.09
[11:01] {Threei} look at its intraday
[11:01] {fernp} +.54 dino?
[11:01] {dino} gj strider
[11:01] {Threei} consolidations at the low tend to resolve in sharp spikes,
[11:01] {strider} dino, ttek stop?
[11:01] {Threei} preparation for breaks tend to end in sharp drops
[11:01] {strider} how does it ever move. :)
[11:02] {Threei} just this thing's personality
[11:02] {dino} .23
[11:02] {strider} dino, do you look for 1:1 with wide stops?
[11:03] {Threei} ok, now that we got a few wins under the belt, have a look at my recent crop with new lens, http://www.realitytrader.com/photography/
[11:03] {dino} yes, but w/hl (500) it's not bad
[11:03] {strider} gotcha
[11:04] {dino} if fl, stop has to be tighter, w/sm wider.
[11:04] {fernp} ohh! you mean the photos you took on Monday!!!
[11:04] {strider} thx
[11:04] {dino} stop is $ figure, so just do the math
[11:05] {strider} $100
[11:05] {Threei} no fern :)
[11:05] {dino} 120-150 for me
[11:06] {Threei} Monday was hell
[11:06] {Threei} these shots are heaven
[11:06] {fernp} good one
[11:06] {Threei} especially the last one
[11:06] {dino} best i can say strider; "keep it simple, put on some tunes, and trade"
[11:07] {Threei} goes to my "masterpieceik collection"
[11:08] {dino} tighten ttek to b/e\
[11:08] {strider} out 1/2 ttek +.11, thx
[11:09] {dino} gj
[11:09] {strider} do you partial out?
[11:10] {strider} AIG inverse c&h?
[11:11] {Threei} little one, yeah
[11:11] {Threei} not very reliable
[11:11] {Threei} use it as a pattern recognition test but not for trading
[11:11] {dino} i usually just trail
[11:12] {strider} thx...to vad and dino:)
[11:12] {Threei} he is trying to economize on us dino
[11:12] {Threei} budget thanks
[11:13] {dino} no thx needed, you pulled the trigger, your responsibility
[11:13] {strider} thx, vad...for the next three helpful comments.
[11:13] {Threei} lol
[11:13] {Threei} ese, still no luck? CY is moving
[11:14] {dino} ttek out flat
[11:15] {dino} tstc hmmm, big beat
[11:18] {ese} am watching it...trying to get through to my broker to sell it
[11:19] {strider} maybe you should get in your car and drive over there:(
[11:19] {ese} i'm up a g here
[11:19] {ese} oho oho oh have just come on line to sell
[11:19] {BillyD} cool
[11:19] {ese} tks
[11:20] {BillyD} you out
[11:21] {ese} 1/2
[11:21] {ese} at ,42
[11:21] {BillyD} gj
[11:21] {ese} +.12 on 4k
[11:21] {ese} stop at break even.......
[11:22] {ese} on the last 4k
[11:22] {ese} houses money as vad would say
[11:22] {BillyD} yup
[11:24] {Threei} SVA Stock moves lower after it files Form 25 disclosing the removal from listing on that exchange
[11:24] {Threei} - A security is considered to be delisted 10 days after the filing of Form 25 with the SEC. (9.10, -0.49, -5.11%)
[11:26] {Threei} I am lost
[11:26] {Threei} if it's going to be delisted why is it trading at all, let alone at 9
[11:26] {Threei} and not at .0009
[11:27] {strider} short .82
[11:27] {Threei} SVA Hearing weakness attributed to chinese news report about possible deaths due to H1N1 vaccination and filing Form 25 (8.78, -0.81, -8.45%)
[11:27] {Threei} me too lol
[11:27] {Threei} but I am out
[11:27] {Threei} at .66
[11:29] {Threei} this is too weird for me
[11:29] {Threei} played setup rather than news itself, and taking quicks scalp
[11:30] {Threei} WHO: flu season showing signs of peaking in some parts of North America, but intensifying in Europe and Asia
[11:30] {Threei} ***Reminder: In WHO comments given on Nov 12 WHO stated: This is the beginning of the influenza season in the Northern Hemisphere. We are seeing upsurges of pandemic influenza activity in countries across Europe and Asia.
[11:30] {ese} out cy in full .46 +.16 last 4k
[11:30] {Threei} whew
[11:30] {fernp} gj
[11:30] {ese} tks.....whew is right
06[11:30] * Threei slaps ese around a bit with a large remonder of extreme need to eschew any and all ambiguity
[11:31] {ese} rotfl......
[11:31] {Threei} ok, this one is total beauty:
[11:31] {Threei} Fed's Evans: Difficult for central banks to indentify bubbles in real time
[11:31] {Threei} no really?
[11:32] {dino} sva 100m shelf
[11:32] {Threei} there was no person alive in the world that could read or had TV, aside from Alan Greenspan, who wouldn't identify housing bubble as such
[11:32] {ese} mentally drained here....i have to admit........stark reminder that full control can be taken away at any moment when doing this......kind of a wake up call
[11:33] {Threei} you know how they say it's a bad taste to say TOLD YA SO?
[11:33] {Threei} I am not a stranger to bad taste, so:
[11:33] {Threei} told ya so
[11:33] {Threei} I warned you a few times, one of this instances will end badly
[11:33] {dino} ese, perhaps a shot of tequilla?
[11:33] {Threei} you dodged a buller this time thanks to stock being slow and moving genersally in your favor
[11:33] {BillyD} true
[11:34] {Threei} get stuck in a fast one like this
[11:34] {ese} i'll say.......
[11:34] {Threei} and Dante will come to you to ask for better description of hell
[11:35] {strider} Vad, I don't see the news yet on SVA, which is probably why it hasn't tanked yet.
[11:36] {Threei} news is out
[11:36] {dino} i see shelf offering
[11:36] {ese} the thing that drove me crazy was that i normaly will put in a physical stop loss below what my normal stop loss is.......so i kind of have 2 of them....but this time i was just getting around to doing it when....what the!!!!!!
[11:37] {dino} form 8-a12b
[11:37] {Threei} Friday, November 13, 2009 11:22:51 AM
[11:37] {Threei} Sinovac Biotech Stock moves lower after it files Form 25 disclosing the removal from listing on that exchange
[11:37] {Threei} - A security is considered to be delisted 10 days after the filing of Form 25 with the SEC.
[11:38] {dino} 11-13-09; 11:19 form 8-a12 b
[11:38] {Threei} plus
[11:38] {Threei} Friday, November 13, 2009 11:27:51 AM
[11:38] {Threei} Sinovac Biotech Hearing weakness attributed to Chinese news report circulating about two deaths in people after getting H1N1 vaccination
[11:38] {Threei} - Xinhuanet reports Health Ministry reported two Chinese people have been reported dead after they received vaccination against the A/H1N1 influenza, but said experts have "ruled out the possibility that the patient's sudden death was the result of immediate allergic reactions to the flu vaccines."
[11:39] {bkhmd} i started searchng that when you poseted b4 Vad i was not aware there were any deaths however i see there are and not just china
[11:39] {ese} my normal stop is usually the mental one somewhere between 200.00 and 250.00 loss. and with vads help i've become very good at keeping them,,,,,but i have a just in case one that didn't happen today.....freak circumstance almost
[11:39] {strider} delisting on what exchange? SVA
[11:40] {Threei} I've no idea
[11:40] {Threei} that was myu question as well
[11:40] {Threei} "on that exchange" - huh?
[11:40] {strider} maybe it's the xchange of Micronesia.
[11:40] {Threei} ese... not enough layers of protection if you ask me
[11:40] {Threei} your internet may go down,
[11:41] {Threei} but not being able to talk to them over the phone for that long?
[11:41] {Threei} call being dropped?
[11:41] {ese} twice
[11:41] {Threei} yechhh
[11:41] {ese} am thinking of filing a complaint.........
[11:42] {dino} antiga
[11:42] {Threei} much good will it do
[11:42] {BillyD} don't bother ese
[11:42] {ese} true
[11:42] {Threei} you want my opinion - vote with your feet and wallet
[11:43] {Threei} they simply are not a day trading broker, there is no sense of urgency for them when one calls trading desk
[11:43] {dino} genz blood
[11:43] {ese} but you all have been having some problems with laser lately too....so whats the answer
[11:43] {Threei} trading desk call is sacred
[11:43] {nemo} yeah ese, but you change servers and it's no problem
[11:43] {Threei} no broker without problem, this is technology
[11:43] {ese} k
[11:43] {strider} GENZ
[11:43] {Threei} but layers of protection are incomparable
[11:44] {ese} you can always get through
[11:44] {Threei} on my memory, over about 5 years there were one or two instance when laser had real truobles which were not streetwide
[11:45] {Threei} by real I mean, continuing for hours, not the kind that is over in 10-15 minutes
[11:45] {ese} k
[11:45] {Threei} and I know of no cases when one couldn't get through on the phone
[11:46] {ese} i know your right with this.....it's just finding the flippin time to do it
[11:46] {Threei} you know the saying:
[11:46] {Threei} exit when you can, not when you must
[11:46] {strider} GENZ down 3 bucks on news
[11:46] {ese} yup......and i do
[11:47] {bkhmd} ese was it a connectivity issue?
[11:47] {bkhmd} cable? Dsl?
[11:47] {Threei} this is werid strider
[11:47] {dino} what news?
[11:47] {ese} have no idea......
[11:47] {Threei} Genzyme Corp FDA reportedly issuing warnings on potential for contamination of less than 1% certain products
[11:47] {Threei} - warning specific to certain lots of rare disease products potentially contaminated during manufacturing process
[11:47] {dino} ok
[11:47] {Threei} I don't see how this deserves such slap
[11:48] {nemo} jeez..you guys kibbitz more than i do
[11:48] {fernp} incredible GENZ
06[11:48] * Threei slaps nemo around a bit with a large outkibbitzer
[11:49] {Threei} I guess Friday the 13th caught up with ese and GENZ today
[11:50] {dino} knights templer too
[11:54] {strider} GENZ support at 48
Session Close: Fri Nov 13 11:55:24 2009
Session Start: Fri Nov 13 11:55:24 2009
Session Ident: #discussions
02[11:55] * Disconnected
02[11:58] * Attempting to rejoin channel #discussions
03[11:58] * Rejoined channel #discussions
[12:02] {Threei} good call on 48 support
[12:07] {dino} cf tricked me again
[12:08] {dino} cvs off .00 l hl
[12:09] {strider} =buy cvs at .00 ??
[12:10] {dino} y\
[12:10] {dino} yes
[12:11] {strider} tx
[12:11] {strider} Christmas tree formation
[12:11] {dino} hoping a ditch in the making
[12:13] {lasertrev} Note to Laser users: Make sure you have latest version of Laser (3.354). You can look under "help" and "about laser" to find out. Use quote servers 10-20. They are doing upgrades on 1-9 and may be a little slower.
[12:13] {Threei} ty trev
[12:14] {lasertrev} np
[12:14] {Threei} you mean version 1.024 I have from 2005 should no longer work?
[12:14] {Threei} maybe that's why I still get quotes for LEH...
06[12:14] * nemo slaps Threei around a bit with a large trout
[12:14] {lasertrev} lol
[12:14] {Threei} come on, in my world there is no financial crisis
[12:15] {dino} if you are short leh it is ok
[12:15] {Threei} Lehman and Bear Strens are alive and well
[12:15] {Threei} so is Merril Lynch
[12:15] {nemo} your sense of humor made me miss the genz break of 50...all your fault
[12:16] {Threei} just another reason to dismiss my sense of humor - as if there were not enough as it was
[12:16] {dino} frenzy
[12:17] {dino} cramer indicator works again, he said short the s/p prior to open
[12:17] {nemo} you're kidding?
[12:18] {Threei} I don't know what is more amazing - consistency of him being wriong or his insistence on continuing his calls
[12:19] {bkhmd} i received email alert from action alerts he is selling vale its up 50 cents since that call
[12:19] {dino} seriously, he had oil down so said easy trade was short s/p
[12:22] {strider} ah. cool. Out +2.00 GENZ in an IRA acct.
[12:23] {Threei} wtg
06[12:23] * nemo slaps strider around a bit with a large roll of cash
[12:23] {BillyD} look at BCRX
[12:24] {dino} gj
[12:25] {Threei} ehat about it?
[12:25] {strider} thank you....thank you.....thank you very much
[12:25] {nemo} now...find another trade!
[12:26] {strider} Hey, I thought the deal was "one good trade." That's what ese says
[12:27] {Threei} strider
[12:27] {nemo} means trade well
[12:27] {dino} thats ese's deal
[12:27] {Threei} you do realize it gives me permission to go home early?
[12:27] {Threei} thank you, thank you
[12:27] {dino} scanners greeeeeeen
[12:27] {Threei} see you all in a week
[12:27] {Threei} or two
[12:27] {strider} Sorry, vad. I don't have the authority.
[12:27] {Threei} too late
[12:28] {Threei} I granted it to you for that single comment
[12:28] {strider} I refused.
[12:28] {Threei} sigh
[12:28] {Threei} I just can't win, can I
[12:29] {nemo} put the shackles back on Vad
[12:29] {Threei} US Market Update
[12:29] {Threei} Dow +83 S&P +7 NASDAQ +13 - Investors are ignoring some fairly concerning US economic data and pushing US equities back toward yesterday's opening levels and fresh highs for the year. The Sept deficit registered a larger than expected $36.5B representing an 18% jump over Aug which was the fastest rise since early 1999. Imports surged at the quickest monthly rate in nearly 15 years. Goldman Sachs warned that the trade data suggested a likely downward revision to Q3 GDP. The preliminary Reuters/University of Michigan consumer sentiment index for November came in at 66.0, down from 70.6 in October and below expectations. Regardless stocks prices are being bid up while Greenback has resumed a defensive stance as risk appetite returns.
[12:36] {ese} well alrighty then.....gota go but will see you all monday take care
[12:36] {Threei} hey guys
[12:36] {Threei} remember the photocontest a few weeks ago?
[12:36] {dino} cya
[12:37] {Threei} one of my photos took second prize
[12:37] {strider} bye ese
[12:37] {Threei} http://www.harbourholiday.ca/gallery.html
[12:37] {Threei} Scenic Harbour gallery
[12:37] {BillyD} wtg
[12:37] {Threei} first prizwe winner had more friends to click on his I guess, lol
[12:38] {BillyD} sure you weren't clicking all day Monday?
[12:38] {BillyD} hehe
[12:38] {Threei} can't
[12:39] {Threei} won't let you vote second time
[12:41] {strider} Vad what you think about long GENZ at about 50.50
[12:41] {Threei} honestly, no idea
[12:42] {BillyD} Vad, your photo of the walk wayon water
[12:44] {dino} zion
[12:44] {dino} athn
[12:54] {BillyD} .
[12:54] {dino} .
[12:55] {Threei} both are good points
[12:55] {BillyD} is that your photo you won with next to your name
[12:56] {BillyD} look at SRZ for scalp?
[12:57] {Threei} ummm
[12:57] {Threei} no for SRZ
[12:57] {BillyD} ok, ty
[12:57] {Threei} and yes - usually if one's name is followed by link to photo, it's his photo :)
[12:58] {BillyD} it says 1st place on it
[12:58] {BillyD} reason I asked
[12:58] {Threei} they all are marked like that when you click on them,
[12:58] {Threei} but the page with list has right places
[12:58] {BillyD} double checking
[12:58] {Threei} I like that photo they gave first prize to... but my golden sunset was better
[12:59] {Threei} democracy said othrwise though
[12:59] {Threei} I always knew I hated demicracy
[12:59] {fernp} SBUX on highs and nice daily
[12:59] {Threei} benevolent dictator is my preferred way - of course if I am the dictator
[12:59] {BillyD} hmmmm....golden sunset?
[12:59] {BillyD} taht is not your winning photo
[13:00] {Threei} acroll a little lower, Billy, and click on the photo #1 in that scenic category
[13:00] {BillyD} very nice
[13:00] {Threei} mine are ## 1,2, 8 and 11
[13:01] {BillyD} 11 is cool
[13:01] {Threei} fern... I like SBIX chart formation but I hate the narrowness
[13:01] {Threei} 25 cents daily range
[13:02] {Threei} locked in 10 cents for hours
[13:02] {fernp} thx
[13:03] {fernp} I will try small shares if breaks... ya know, Im bored
[13:03] {Threei} well, if you are lucky you'll get 5 cents on small shares :)
[13:03] {strider} what a comedian:)
[13:04] {strider} you missed your calling vad
[13:04] {Threei} just trying to eschew that dreaded ambiguity completely
[13:04] {strider} bless you
[13:04] {strider} (eschew!)
[13:04] {Threei} and yes, I checked strider... but Seinfield was not frightened to be honest... and even advised me to keep my day job
[13:05] {strider} you know he turned down 5 million an episode to keep doing the TV show?
[13:05] {patience} hopefully he didn't invest with maddoff
[13:06] {strider} yes, well...there's that.
[13:06] {Threei} probably not, or we would already see Seinfield Returns
[13:06] {strider} It's in syndication anyway.
[13:06] {dino} he's on curb your enthusiam w/larry davide, the whole cast is on it
[13:07] {strider} You guys have to keep my up on TV stuff. I watch 1 pop TV show....Survivor.
[13:07] {Threei} never seen it
[13:07] {Threei} will have a look
[13:08] {dino} hbo series
[13:09] {dino} that russell is cracking me up
[13:09] {dino} best survivor character yet
[13:09] {strider} What a scumbag.
[13:11] {dino} you have to outwit, i think he's doing it. it's a game, sort of like risk
[13:12] {strider} He thought he could tell the same lie to everybody, and nobody would talk...he's a dummy. He's history next week.
[13:12] {strider} GENZ support at 50, methinks.
[13:13] {nemo} what does vad say about thinking?
[13:14] {Threei} DON'T
[13:14] {strider} GENZ support at 50, me no things.
[13:14] {nemo} there...
[13:14] {strider} thinks
[13:14] {nemo} vwap right there too
[13:14] {strider} GENZ support at 50, whether or not methinks.
[13:14] {strider} How
[13:14] {strider} Hows that}
[13:14] {dino} sorl? report looks good
[13:15] {nemo} what? and what?
[13:16] {fernp} BRCM breaking 29
[13:19] {strider} what indicator tracks buying/selling intraday for individual stocks?
[13:19] {Threei} since we have an inmactive market at the moment, let me elaborate a little on that non-thinking thingy,
[13:20] {Threei} lest you think I am a complete neanderthal
[13:20] {nemo} I've seen the drag marks on your knuckles
[13:20] {BillyD} just when you think it is safe :)
[13:20] {BillyD} nemo is always there
[13:21] {Threei} I know I can always count on him
[13:21] {nemo} :)
[13:21] {Threei} it's not that thinking in and of it itself is bad,
[13:21] {Threei} it's just things should be done in their time and place
[13:22] {Threei} and thinking during executing the trade is last things you want to do,
[13:22] {Threei} and thinking during searching for and evaluating the trade is better be minimized as muc as possible.
[13:22] {Threei} The way to do it is this:
[13:23] {Threei} just as an athlete prepares in advance and xecutes standard reactions on standard situations during event itself,
[13:23] {Threei} same for martial arts fighter,
[13:23] {Threei} same for pilot, surgeon etc etc
[13:23] {Threei} trader should do his think in advance as muchas possible
[13:24] {Threei} collecting a set of as many as possible standard situations.
[13:24] {Threei} That's when the possibility of thinkless trading opens
[13:24] {Threei} You simply set in motion a set of pre-canned reactions on pre-analyzed situations.
[13:25] {Threei} Recognizable situation triggers prepared reaction.
[13:25] {Threei} See setup - take setup
[13:25] {Threei} Direct eye-finger interaction with no brain inbetween.
[13:25] {Threei} Fastest, least subjected to second0guessing, to emotional influences
[13:26] {Threei} and we all know how we strive to eschew those
[13:26] {dino} sorl hl l .20 stop .93
[13:26] {nemo} so, given my physiological deficits, I should be a great trader....mmmhhhhh
[13:26] {Threei} and you know ehn I said eschew I am done talking seriously and returned to my normal "mockj everything under the sun" style
[13:26] {BillyD} lol
[13:28] {BillyD} Vad, how much is feel part of the setup versus technical chart, etc
[13:28] {Threei} you are getting there nemo
[13:28] {Threei} I see more and more often you spotting setups and executing them with no hesitation
[13:28] {nemo} I mean...lack of physical brain
[13:29] {Threei} just recall yourself a year ago and compare
[13:29] {nemo} oh yeah...huge...I didn't know what I didn't know
[13:29] {Threei} I am sorry I can't evaluate how lack of physical brain affects anyone - I'd have to have one myself
[13:29] {nemo} Now, it's just getting to act on what I see
[13:29] {nemo} like rimm 7 minutes ago at .62
[13:29] {Threei} Billy... here is the problem:
[13:29] {Threei} feel plays big role, BUT
[13:30] {Threei} where does feel itself come?
[13:30] {Threei} from zillion of charts seen, analyzed and played before
[13:30] {nemo} gut comes from experience
[13:30] {Threei} so it's not a contradtiction really,
[13:30] {Threei} no gut comes from too much beer
[13:30] {nemo} ese is a great musician from talent and 45 years of practice
[13:31] {BillyD} Vad, do you incorporate pace, volume, personality as part of feel
[13:31] {Threei} so it's not a contradtiction really - it's just that feel is the same chart readin experience condensed from a few millions of those into lighteningly fast recognition of what you already saw
[13:31] {Threei} of course I do
[13:32] {BillyD} or is it automatic like you said previous
[13:32] {Threei} it's both
[13:32] {Threei} it's part of read overall,
[13:32] {BillyD} ok, that is what I meant
[13:32] {Threei} and it's incorporated in that automatic response
[13:32] {Threei} have a loo at SBUX please
[13:32] {dino} i prefer "gut"
[13:33] {fernp} you konw im watching it
[13:33] {Threei} 30 min ago or so I said, too narrow, nothing to count on
[13:33] {Threei} how long did it take me to come to this conclusion?
[13:33] {nemo} 5 seconds?
[13:33] {Threei} I'd say anywhere from 1/250 to 1/500 of second
[13:33] {nemo} whoa
[13:34] {Threei} it's just one glance
[13:34] {Threei} chart: nice formation,. very narrow for the whole day, extremely narrow for hours,
[13:35] {Threei} level 2: very thick, and this I also know about SBUX without even looking,
[13:35] {Threei} T&S: flat calm pace
[13:35] {Threei} market: relatively strong but stalleds
[13:35] {Threei} stalled
[13:35] {Threei} daily chart: somewhere in 52 week highs but this I know from the few days of it appearing on the scanner regularly
[13:36] {Threei} moves slowly and steaduly throughout the day - result of looking at a few times over last days,
[13:36] {Threei} today is Friday
[13:36] {Threei} market is so tired of endless up up and up
[13:36] {Threei} volume is low and lower every day
[13:37] {Threei} there/.. all the components necessary to decide:
[13:37] {Threei} there is just nothing to get out of it for the day trade
[13:37] {Threei} unless something drastically changes
[13:37] {Threei} news on it, or explosive market movement for instance
[13:37] {Threei} takes long to type it all,
[13:38] {bkhmd} and thanks for typing
[13:38] {Threei} takes fraction of a second to realize
[13:38] {bkhmd} thanks for sharing
[13:38] {bkhmd} and no typos
[13:38] {Threei} seriously?
[13:38] {nemo} whoa, yeah
[13:38] {Threei} wow
[13:38] {Threei} rare occurence
[13:38] {nemo} [13:36] {&Threei} moves slowly and steaduly
[13:38] {bkhmd} i sometimes think ur a russian spy
[13:39] {nemo} nevermind
[13:39] {Threei} lol
[13:39] {bkhmd} u type well at times and change on a dine
[13:39] {Threei} why spy?
[13:39] {Threei} oh
[13:39] {BillyD} thx Vad, good variable clarity on that explanation
[13:39] {Threei} well, you know how to spot a russian spy, right?
[13:39] {dino} jyfukfyk
[13:39] {bkhmd} tell me
[13:39] {Threei} you now why Billy, right?
[13:39] {BillyD} shoot first and ask later
[13:39] {Threei} it's that eschewing and embracing thingy
[13:40] {Threei} two signs bkh
[13:40] {dino} cf drop
[13:40] {BillyD} yes
[13:40] {Threei} 1. russian spy closes one eye when drinks tea
[13:40] {bkhmd} ??
[13:40] {nemo} strider, how's that support
[13:40] {BillyD} what makes your edge not work and what makes it work
[13:40] {strider} It failed.
[13:40] {Threei} atavist habit from russian custom to keep the spoon in the cup
[13:41] {nemo} should give another up
[13:41] {Threei} so the spoon threatens your eye when you take the cup to your mouth
[13:41] {strider} you thinking there?
[13:41] {Threei} and
[13:41] {nemo} this is exactly 50% retracement
[13:41] {Threei} 2. parachute behind his back
[13:42] {strider} So which is worse? Rational thinking, or magical thinking? :)
[13:42] {dino} 10340 and 1120
[13:42] {nemo} what's magical thinking?
[13:42] {dino} thise are the 50% retraces
[13:42] {nemo} eod dino?
[13:42] {Threei} thinking under mushrooms?
[13:43] {strider} fibonacci patterns in market activity?
[13:43] {bkhmd} lol
[13:43] {dino} big crayon lines of resistance imo
[13:43] {nemo} in genz
[13:43] {bkhmd} thanks vad for the spy lesson i will keep an eye out for them
[13:43] {nemo} no pun bk
[13:43] {dino} cf wierd
[13:43] {bkhmd} lol
[13:44] {nemo} speaking of dino...where's magoo?
[13:44] {dino} he's here babbling about nonsense
[13:45] {nemo} oh...situation normal
[13:45] {dino} my eod, +117
[13:46] {dino} out cedc .10, +.12 all day, sheesh
[13:47] {nemo} funny vad...the sound effect from buying in LASER can either sound like a big kaching! or firing squad by machine gun...
[13:47] {dino} nemo, you better look out your window, thay are shooting at you
[13:48] {nemo} 3rd floor dude
[13:48] {Threei} machine gun is magoo's analogy ever since I shared that sound file,
[13:48] {dino} no matter
[13:48] {Threei} especially when you get many partials,
[13:48] {nemo} Not what I meant...
[13:48] {Threei} but in reality it's a camera shutter click
[13:48] {nemo} sounds like "Kaching"
[13:48] {nemo} when trade goes well
[13:49] {nemo} sounds like death when trade goes bad
[13:52] {nemo} aig support @ .60
[13:57] {magoo} we in anything?
[13:58] {nemo} coma
[13:58] {strider} ennui
[13:58] {nemo} nice strider
[13:58] {strider} I try to eschew ennui
[13:59] {nemo} don't forget to floss
[13:59] {bkhmd} FORT COLLINS, Colo. – The Colorado parents accused of pulling a spectacular hoax by reporting their son was aboard a runaway balloon have pleaded guilty to charges that could bring some jail time and probation.
[14:00] {Threei} yeah
[14:00] {Threei} imbecils
[14:03] {Threei} eschew ennui eh?
[14:03] {Threei} that's a beauty
[14:03] {nemo} yeah, need boots for that one
[14:03] {strider} That's half yours, Vad.
[14:04] {strider} First few times you used it, I thought you were sneezing.
[14:04] {nemo} hawhawhaw
[14:05] {nemo} read hig vad?
[14:07] {Threei} way way too naroow today
[14:07] {dino} cvs out flat
[14:08] {BillyD} SBUX ready to b/o...hehehe
[14:08] {BillyD} sheesh....NLST over 3
[14:12] {fernp} 14:11 EDT GENZ Genzyme downgraded to Underperform from Buy at BofA/Merrill
[14:13] {Threei} Billy, see what I meant about NLST?
[14:13] {strider} just got .18 on a scalp GENZ
[14:13] {Threei} try to find an entry inthis slooow climb
[14:15] {dino} rolling over imo
[14:15] {BillyD} yeah, I shorted it at .50 earlier and got stopped....setup looked good to me
[14:15] {BillyD} stayed under .60 for a while
[14:15] {dino} markets i mean
[14:16] {nemo} dino the "Big Picture" guy
[14:16] {dino} lol
[14:16] {nemo} 1 min on spy and qs higher lows
[14:17] {Threei} picture this, dino says slapping nemo with Mother Earth: http://www.msnbc.msn.com/id/14309591/
[14:18] {nemo} wow
[14:19] {dino} sorl stopped piece of junk
[14:20] {dino} dxd l .75
[14:21] {Threei} Market Internals update at 2:00pmET
[14:21] {Threei} - NYSE volume 540M shares, about 27% below its three-month average; advancers lead decliners by 3.9:1. - NASDAQ volume 1.21B shares, about 17% below its three-month average; advancers lead decliners by 2.1:1. - VIX index -3.5% to just under 23.50
[14:22] {Threei} volume is all but disappeared
[14:22] {nemo} holy toledo
[14:22] {nemo} magoo disappeared
[14:22] {BillyD} yeah, this week is way down
[14:22] {Threei} is holy toledo any different from holy mackerel?
[14:22] {Threei} or it's close to holy smokes?
[14:23] {nemo} didn't bk have an insinuating joke about the downward direction yesterday
[14:23] {nemo} yeah, one's a city in spain
[14:23] {nemo} or Ohio
[14:24] {bkhmd} which stoc Nemo?
[14:24] {bkhmd} stock*
[14:25] {bkhmd} Vad i used to live in toledo went to school there trust me the smell is the same
[14:25] {bkhmd} lol
[14:26] {Threei} lol
[14:26] {magoo} .
[14:27] {fernp} Have a nice weekend everybody. see you all on monday.
[14:27] {BillyD} bye fern
[14:27] {nemo} BN fern
[14:28] {Threei} take care fern
[14:33] {dino} l8r fern
[14:33] {nemo} i think he's gone dino
[14:35] {Threei} Fed's Evans: Accomodative policy could go 'well into' 2010 and perhaps further; Unemployment to rise for next two quarters - comments to reporters
[14:35] {Threei} - sees core inflation at 1.5% for next few years - sees GDP growth of 3% in next 18 months - unemployment to be at 9% in 2010; 7% by the end of 2011
[14:36] {dino} classic 2:20 drop
[14:42] {dino} out dxdv .87, +.12
[14:42] {strider} wtg
[14:43] {dino} ty
06[14:44] * strider slaps Threei around a bit with a large eschew
[14:44] {strider} just waking you up
[14:44] {Threei} thank you
[14:44] {Threei} now I can embrace
[14:45] {BillyD} maybe embrace STEC short off .30?
[14:45] {BillyD} stays under .40
[14:45] {dino} darn, when hit +60 thought it was going back up
[14:46] {strider} or RIMM at .break of .50?
[14:46] {dino} pins and needles, needles and pins.....
[14:47] {dino} showing my age....stupid stuff pops into my head, can't get rid of it
[14:48] {BillyD} eschew and embrace dino....
[14:48] {dino} bless you
[14:48] {BillyD} lol...
[14:49] {Threei} lol
[14:49] {dino} :)
[14:51] {nemo} mmmhhh...market probably freezes here
[14:53] {bkhmd} bonds close
[14:55] {bkhmd} watchng Rimm i see something I read about in Alan farleys book
[14:55] {Threei} sharing?
[14:56] {bkhmd} as price spikes into uper band if upper band is horizontal expect pierce and fall
[14:56] {bkhmd} same on bottom pierce and bouncee into horizontal band
[14:56] {bkhmd} if upper band opens as price approaches expect to continue up
[14:56] {bkhmd} same with down
[14:57] {nemo} yeah, range market
[14:57] {bkhmd} yep
[14:57] {Threei} hmmm
[14:57] {nemo} no wise comment yet vad?
[14:57] {Threei} you mean you read it somewhere else and not in my daily preachings? :)
[14:57] {nemo} whewww
[14:57] {bkhmd} no i dont recall that lesson
[14:57] {bkhmd} i read it in alans book
[14:57] {bkhmd} lol
[14:57] {Threei} sharop spike into support or resistance gets rejected, slow approach then break is valid
[14:58] {bkhmd} Im sure its elementary I should have known
[14:58] {strider} now you've gone and done it, bk.
[14:58] {bkhmd} maybe u thught it was so elementary didnt need to explain
[14:58] {bkhmd} hahahahaha
[14:58] {strider} no burgers for bk.
[14:58] {bkhmd} strider did u see that bottom band open when price approached?
[14:59] {Threei} yeah Dr Watson, it's elementary... stars above our head do not signify deepo meaning of the Universe, they simply indicate someone stole our tent
[14:59] {strider} I don't use BBs
[14:59] {bkhmd} perhaps the bear took the tent
[15:00] {strider} kci
[15:00] {strider} news
[15:05] {Threei} FDIC's Bair comments on TARP: using TARP capital was not a good idea, had a terrible impact on public opinion - PBS interview (related XLF C BAC )
[15:05] {dino} cf l .25 hl
[15:07] {dino} flr hl l .45
[15:08] {nemo} hey strider...genz support at 49 :)
[15:09] {cosmo} using TARP for what?
[15:09] {Threei} if you ask me, for anything
[15:10] {nemo} huge volume spike not moving genz at all
[15:10] {strider} hey nemo. You never made a mistake:)
[15:11] {nemo} at least 15 times today
[15:11] {strider} +.16 CF, btw. thx dino
[15:11] {nemo} I was just letting you know actually
[15:11] {nemo} and it was support
[15:11] {nemo} at 50 when you originally called it
[15:11] {strider} Thanks, nemo. :)
[15:11] {dino} gj
[15:12] {nemo} besides...I have to bust you for your indecent profits on the stock...it's just petty jealousy :)
[15:12] {strider} I wish I had the experience to play these bleeders like KCI
[15:12] {strider} And GENZ on the way down.
[15:13] {dino} only one way to get it
[15:13] {nemo} pain and suffering
[15:13] {strider} My bank account is not that large. :)
[15:13] {nemo} keep stops
[15:14] {strider} I don't know how to set stops for those monsters.
[15:14] {nemo} those are LII and T&S feel...mags and Vad are the champs there
[15:15] {nemo} you play small lots also
[15:15] {nemo} yeah...pisses me off...vad calls a momentum reverse...and bottom ticks the mutha
[15:16] {bkhmd} RIMM Vad any read?
[15:17] {Threei} not really
[15:17] {Threei} looks random
[15:17] {bkhmd} ty
[15:17] {nemo} yeah...feels like day heading out about this level...computers trading computers
[15:18] {strider} ...mom called.....
[15:18] {nemo} yours?
[15:18] {strider} small lots. yeah.
[15:18] {strider} She's 86.
[15:18] {strider} When she calls, I answer:)
[15:18] {nemo} God bless her
[15:19] {strider} TV won't come on.
[15:19] {strider} Outlet not working. Probably breaker.
[15:23] {BillyD} Vad, see NLST....
[15:24] {BillyD} nothing readable
[15:24] {Threei} oh well
[15:24] {dino} what the heckm you start strider?
[15:24] {Threei} kind of things yoyu just need to take on faith if you believe in it
[15:24] {BillyD} exactly
[15:25] {BillyD} and when faith leaves, sell
[15:25] {dino} my mom just called
[15:25] {nemo} oh jeez
[15:25] {bkhmd} is today Moms day?
[15:25] {strider} hmmmm...is her name Juanita?
[15:26] {nemo} I was thinking about it Vad
[15:26] {dino} no
[15:26] {nemo} Publishing today's log might not be good advertising
[15:26] {strider} OK. whooo. different Mom.
[15:26] {dino} same dad tho
[15:26] {nemo} crissakes..you drinking already strider
[15:26] {nemo} who? mailman?
[15:26] {strider} actually......
[15:27] {dino} lol
[15:27] {nemo} I'm having a glass of wine
[15:27] {dino} bud light in fridg
[15:27] {strider} Now, Vad will call 3 setups......and you'll spill your wine.
[15:28] {Threei} why nemo?
[15:28] {nemo} nah...gotta go in a minute
[15:28] {nemo} why what why?
[15:28] {Threei} [15:26] {nemo} Publishing today's log might not be good advertising
[15:28] {Threei} [15:26] {strider} OK. whooo. different Mom.
[15:28] {dino} giddy up, mkt going up
[15:28] {nemo} some weird stuff today
[15:28] {strider} Feel free to purge whatever doesn't fit, vad. :)
[15:28] {nemo} too much asylum
[15:29] {dino} +60 wall of cheese
[15:29] {strider} That was my Jim Ignatowski impersonation.
[15:30] {Threei} Market Internals update at 3:30pmET
[15:30] {Threei} - NYSE volume 715M shares, about 22% below its three-month average; advancers lead decliners by 2.1:1. - NASDAQ volume 1.56B shares, about 16% below its three-month average; advancers lead decliners by 1.3:1. - VIX index -3% to just over 23.50
[15:33] {nemo} well, that's enuff xcitement for one day...c u monday
[15:33] {dino} cya
[15:33] {Threei} have a good weekend nemo
[15:33] {bkhmd} enjoy the weekend Nemo
[15:33] {strider} Don't kill anything out of season, nemo.
[15:34] {nemo} hehehehe
[15:34] {dino} eating the cheese
[15:41] {dino} rats on cheese
[15:42] {Threei} in case you wonder why we haven't had as many plays today,
[15:42] {Threei} NQ range for the day is whooping 15 points
[15:43] {cosmo} its NLST season
[15:44] {Threei} lol
[15:45] {dino} stop .98 cf
[15:45] {dino} out slippage, +.69
[15:47] {dino} magoo was all that took it, huh
[15:48] {dino} flr stopped -.20
[15:57] {dino} 39 pts to go 3 min.
[15:59] {bkhmd} good weekend all
[15:59] {bkhmd} thanks Vad
[15:59] {BillyD} bye all...take care
[15:59] {Threei} thank you all
[15:59] {Threei} have a great relaxing weekend
[15:59] {dino} thx all, have a good weekend
[16:00] {Threei} see you all on Monday
[16:00] {Threei} feel free to reread that lesson in today's log
[16:02] {magoo} ty all
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